{"id":"p57j0kELbNI","title":"[REDACTED] 2024 | What's Real in Decentralized AI Infrastructure","description":"Infrastructure is hot, both in crypto and AI. But what's possible at the intersection of the two? Our panel of builders will share how their projects enable everything from training models on a phone to bringing AI on-chain with a few lines of code. \n\nSpeakers:\nScott Dykstra: CTO / Cofounder: Space and Time \nMark Rydon: Co-Founder & Chief Strategy Officer, Aethir\n\nModerator: Jeff Wilser - AI-Curious Podcast\n\nTakeaways:\n• Defining Decentralized AI Infrastructure: The conversation explores various layers of AI infrastructure, from decentralized GPU networks and AI agents to frameworks enabling secure data handling and on-chain interactions. Scott and Mark emphasize that decentralized infrastructure aims to provide alternatives to centralized platforms like AWS, enabling scalable and community-driven AI development.\n\n• The Role of Crypto in Decentralized AI: Cryptocurrency serves as both an incentive mechanism for bootstrapping large, distributed hardware economies (like GPUs for AI training) and a preferred payment method for AI agents transacting on-chain. Crypto enables seamless, programmatic financial transactions, making it ideal for scaling autonomous AI agents.\n\n• Agents Shaping Infrastructure Development: The rise of autonomous AI agents is pushing infrastructure to become \"AI-first,\" focusing on seamless interactions, intent-based ecosystems, and reduced complexity for users. This shift means AI agents will soon perform on-chain actions without requiring users to understand technical complexities, further enhancing the user experience.\n\n• Complexity and UX Barriers: Mark discusses how crypto's UX challenges have hindered adoption. Autonomous agents could simplify this by abstracting complex actions, allowing users to navigate Web3 without needing to manage technical details directly, such as bridging assets or handling gas fees.\n\n• Future Infrastructure Evolution and Consumer Protection: The future of decentralized AI infrastructure includes providing transparent, secure data management and protecting user capital. Scott predicts that smart contracts could act as policy engines, establishing boundaries for AI agents’ financial interactions, while Mark forecasts a period of rapid, hype-driven growth in on-chain AI use cases.\n\nNEAR is the Blockchain for AI\nWebsite: https://near.org/\nNEAR AI: https://near.ai/\nIntents: https://near.org/intents\nChain Abstraction: https://www.proximity.dev/\nSharding: https://nearone.org/\n\nFor the devs\nGitHub: https://github.com/near \nDev Docs: https://docs.near.org/\nDevhub: https://devhub.near.page/ @NEARDevHub\n\nConnect with socials\nTwitter:   / nearprotocol  \nBlog: https://near.org/blog/\nMedium:   / nearprotocol  \n#NEAR #nearprotocol #nearai","channel_name":"NEAR Protocol","published_at":"2024-11-11T00:00:00.000Z","thumbnail_url":"https://img.youtube.com/vi/p57j0kELbNI/hqdefault.jpg","transcript_text":"hello hello it's great to be here my name is Jeff wilser I am the host of the AI curious podcast and I am super curious and fired up for today's session I am joined of course by Scott dystra and Mark Ryden two absolutely the sharpest Minds in the space on decentralized AI and we're here to really get into the Nuance to get into kind of challenging the hype going past the buzzwords of what is real what's real and what's kind of smoking mirrors what's legit why does it matter in centralized AI it's a baseline things let's hear a bit about what you're both focused on your projects uh Scott tell usit what you guys are focused on absolutely well great to be here excited to be at the at the new conference and uh space and time is a decentralized ZK proven database of all of crypto's data so about 100 terabytes of data from every major chain and we provide that data to AI and smart contracts that need it and then we're also building a lot of uh AI our own AI agent infrastructure on top to help de de developers uh generate smart contracts generate SQL queries and generate smart contracts that make SQL queries on chain which are ZK proven ultimately we give a lot of context about what's happening on chain to AI agents and uh we're really excited to be here awesome Mark yeah also very excited to be here thank you again for for having me um we are Aether we buil decentralized GPU infrastructure for AI and gaming companies essentially you can think of us as like a an AWS or Google Cloud providing you know high performance compute for for AI infrastructure uh the difference obviously being that uh we don't own any of that compute ourselves it's contributed by our partners uh giving us the ability to essentially kind of scale in a in a way that's very different from a traditional infrastructure provider so one thing I'd like to start with is what exactly we even mean when we say infrastructure right because I was struck by a graphic Ilia showed this morning it was an amazing schematic showing kind of the the current state of play of the near ecosystem alone and by my like rough count there are like 60-ish projects on this chart like oh my God there's so much going on right a good chunk of those are infrastructure in some way or another and that's just the near Worlds if you zoom out we probably have 300 400 plus projects so how do you guys think about even the Lea lands here the different types of infrastructure projects different types of verticals um is there a taxonomy you're thinking about are there like two or three main buckets um Scott how do you view this kind of the overall universe and how do you kind of break that down so starting at the at the bottom you have projects like Aether that are at decentralized basically uh aggregating commodity gpus and incentivizing the onboarding of those gpus and then you have decentralized training and inference which is a very nent uh category in in in crypto that like I think will evolve a lot over the next two three years and I think the use cases for that will become much more appar apparent than they are today then you have projects like ritual that are uh a category around bringing llm inference on chain like allowing smart contracts to ask questions from an llm you can call that AI co- processing if you will um and then finally above that is is at the consumer layer uh users that are AI agents AI agents actually transacting on chain teams like virtuals that are building agents like Luna that are transacting so you have gpus training uh bringing inference to the chain and then finally transacting on chain across those four four categories I'd say there's at least two or three like very real projects in each category and we're looking at one right here Mark do you have the same kind of worldview of the labor land or would you add a category how do you how do you guys view it yeah I don't think I'd add a category I think uh what you said was was very right uh I mean with AI you you you have the the fundamentals right GPU data models and and infrastructure kind of exists across uh those verticals Aether obviously exists in the in the the GPU commodity space um there's a there's a bunch of kind of different players in each in each segment but infrastructure I think is it's a it's a funny word in in crypto right right I think it's it's almost kind of um it almost becomes a dirty word towards the end of a cycle right because we get so obsessed with infrastructure early on right uh and then we realize holy we have no actual use cases like we've built all this infrastructure and who's using it right what's the what's the actual application for what we've what we've built um so yeah infrastructure I think we're we're very very good at uh and there's yeah there's a lot of a lot of growth in good thing is we're no we're near the end of the AI cycle so it's not quite a dirty word just yet right we have some more some time to play um Scott you mentioned kind of jokingly but kind of not jokingly that each of these categories have two or three real projects um obviously without naming names although feel free if you want to throw someone on the bus like go for it we'll start some see we'll start we'll start some Wars here but what what types of projects or types of infrastructure do you strike you as a little more hypy and frothy and a little less legit okay that's an interesting question so uh I think a lot of investors in the space and then a lot of teams building in the space are really excited about bringing llm inference on chain like allowing smart contracts to emit an event on chain that some offchain AI Cod processor listens for that requires llm inference it kind of oracles the llm result back on chain to a smart contract like that's a very promising future and exciting thing but I think the the use cases for that are still TBD like there's a lot of use cases around governance F Dows um maybe like Dynamic nfts but when you get past that I I think that area is very much TBD and one we were really excited to hear from NJ because I was I want I was going to ask him that question like yo what are you most excited about use cases that one to me is a big question mark like how that part of the industry is going to evolve what's not a big question mark is is using crypto as an incentive mechanism to onboard a lot of commodity Hardware like that's a very clear use case that's a perfect use case for the blockchain perfect use case for crypto and that's like uh that's going back to crypto's Roots using a cryptocurrency to incentivize kind of economies of scale to on board a lot of Hardware from the community whether that's Enterprise Community or uh retail Community finally um there's a lot of teams right now building sdks for AI agents to transact on chain and that's very real like that's something that hobbyist developers are using on their weekends to build their own AI agents that transact on Bas or transact on salana and we see teams like dow. fund that are using those sdks to allow third parties to create AI agents that like transact on chain and buy beam coins that's as real as you can get I love the I love the the Dow up fun use case um you good yeah to be honest I think AI is coming into its kind of um real crypto use case now I think that honestly when you look at kind of the early stages of AI very very training focused very llm kind of uh Frontier Model focused right uh a space that maybe not uh not a great fit for decentralization right I think large language models when when you're looking at kind of the the chats and the anthropics they benefit so much from centralization right a massive amount of Hardware collocated huge amounts of data that they can just pump into these centralized systems it's not something that inherently uh lends itself to to decentralization right I think you have some really cool projects that are looking to um provide alternatives to this model right but that's a big technical challenge that I think is not something that we'll be able to kind of immediately solve um but it's it's a it's not a space that is naturally welcoming to to decentralization however like Scott just mentioned where we're entering this period of time I think where crypto offers this really really cool use case for uh for for for the for the kind of the AI application space like the inferencing space the agent space uh and we're seeing that just start to explode right dow. fun is a really really cool example like everyone knows um like pumped up fun dow. fun similar situation but you you kind of invest in a dow right and if the Dow hits um enough uh kind of investment the the Dow goes live there's a dow token and then the the money that was kind of invested uh is in meant to be used to to invest within within the within the Dow but uh what what kind of is is happening is that um people are creating AI agents right that are meant to be managing these Dows so people are investing in in these Dows on the assumption that an AI agent is going to be the portfolio manager right probably a horrible idea better than me being a manager of it so I I I see the Merit in some sense but people people people love it and I think I think this is this kind of beginning of this really really exciting um space where crypto does have a really cool use case uh for for AI is it going to be probably a horrible idea in the beginning yes but it's going to be it's going to be fun and in in some ways have I feel like in the last even six months agents have explo loed in terms of excitement Hy but also to both your points some legitimate use cases has I mean little a paradox here have the rise of Agents or the expected rise of Agents even change how we're thinking about infrastructure and actually are kind of like nudging and guiding how we're building infrastructure I mean go yeah I I'll just quickly jump in I think it I think it definitely should right because when you when you think about agents um what what do they do they're meant to make our existence on chain easier right more seamless they meant to provide the ability to kind of overcome um the the the kind of challenges of of of daily daily existence on chain right and what's cool about agents is that I would say within the next kind of one to two months we're going to have uh this kind of abstraction of the complexity of interacting with crypto right so much of the the the complaints that we have with crypto are about the the X right how do you kind of overcome that education barrier this kind of complexity associated with kind of managing your assets on chain uh agents are going to remove that instantaneously you're just going to be able to communicate directly with your agent that you don't need to know how to bridge tokens manage gas fees kind of understand what what kind of uh different chains are you're just going to be able to execute right and I don't think we're looking hard enough at what infrastructure looks like post complexity in crypto uh and that's something that we're going to hit very very soon Scott how are you thinking about that yeah the the question was like how are how are we changing the infrastructure development with the Advent of this agent or if it I'm not even sure if it is but are agents kind of like is there a circular thing I think very much yeah yeah I was just I was pondering it when when uh when Mark was talking um we like internally in space and time we've like I don't call it 35 Engineers or so and they're already thinking like hey we we have our own um kind of Coen tools that we use internally and that we're trying to kind of make them an API that third parties can use and we're we're like a lot of new infrastructure development we're trying to build AI first like make sure like the first line of code written was generated um rather than taking like a bunch of code that we already built that we hand coded over the last two three years before we had a ton of really good uh development agents and then like adding an agent on top to a bunch of code that's already written by humans we're trying to start agent first now like what does that look like on chain so think about um like uh protocols that are sort of like SDK first or like API first where like a defi protocol that's less concerned about what the UI is and more concerned about like how can agents use like abstracted key infrastructure abstracted wallet infrastructure to trade on a user's behalf like intense right there's this new kind of popular term in crypto around intense and I know near is doing a lot with intense which is really excited and there's a lot of other teams and intense is like a could could become like an AI first ux for defi finally um on the space and time side like what we did for our user experience and our developer experience is we just built like we just kind of co-engineered with Microsoft like with a bunch of azure AI lab engineers in our own Engineers we built a very specif uh sophisticated prompt to SQL engine so that like developers can can write can write a prompt that gets that gets turned into SQL that their smart contracts can run on chain to get the data they need or they AI agents can run to get the data but like writing sequels of painful 10 minute 20 minute 30 minute process when you have a big query and thank God like AI just writes it now for all of our users so like today at least half if not more like I think like 55% of the queries that are run again space and time were first generated by an AI agent which is like a very uh AI first developer experience go ahead yeah I I I I just want to Echo that I think you're right this this kind of focus away almost from ux like it's funny that we say that because we suck at ux right like crypto sucks at ux right but this this Focus away from from ux this ability to like build an ecosystem that's just very accessible by agents I think is is is it's a you know really good point and this intent-based ecosystem kind of structure that uh a lot of kind of projects are leaning into is is fascinating as well right I I still don't fully understand it it feels like magic to me you know what I mean this idea that you you just put a request into the the protocol right and then the the request will get kind of met you don't need to kind of understand what you're asking for you don't need to kind of have this kind of technical kind of uh connection to to the to the request you just have to have the ability to to request and I think that um you're right that's going to be a a a fascinating kind of uh growth sector um built largely on the back of kind of AI do you guys have a a sense of within the larger decentralized AI infrastructure framework of a pie chart what chunk of that uses tokens and what will not I'm still trying to I'm just get my arms around to what extent tokens in cryptocurrency is a necessary fuel for this engine and there's some projects where it's explicit and there are some where I don't see mention of it at all right so what's Your Gut on that of how important tokens will be to all of this so you have um two categories around like like of of cryptocurrency and AI in my very humble opinion One is using cryptocurrency to bootstrap like a large economy that you couldn't like like an economy of scale which is what Bitcoin was what ethereum was what most l1s are bootstrap a a large number of validators a large number of commodity servers contributed to your network incentivized buy a a new token ather is is that for gpus like uh an economy of scale of onboarding a lot of gpus where where the token is the incentive to do so on the other hand there's like agents transacting on chain using crypto as just a better payment mechanism as a better way to transfer money on the internet as just a way to move Capital between parties on the internet and like I think it was uh KY samani from multicoin that tweeted like two weeks ago like hey why do AI agents need to transact on chain you can just give them your credit card and that's like a valid question I think everyone was was I've had that question for a while I was too scared to ask that so why can't I just give my agent my Visa why do why do they need to transact on chain I I would pose the question differently I would say do users have cryptocurrency that they want to do things with like like you have an AI agent that's a that's an assistant that helps you do something like an AI agent that helps you uh purchase a flight to London or a flight to Bangkok or you have an AI agent that helps you um make transactions or take out a loan on chain if you're buying a flight to Bangkok with your AI agent assistant I think you will give them your credit card I think they'll be very thin like very well-defined parameters where you've set up um a very contained amount of money like hey I'm willing to spend 700 USD on this flight I have an AI agent infrastructure or an AI agent assistant that I give my credit card and it spends $700 with Asia air and I can it buys my flight for me that's very different than like me trying to bridge money over to an L2 to take out a loan and that's a lot of work for me so I just have my agent do it if I already have crypto of course it's going to transact on chain and blockchain just offers a better programmatic way for agents to to transact so long story short um I think both will be very important I I don't think it's either or I think I think the blockchain is a better way for agents to transact programmatically but there will be very isolated use cases where of course you can give it your credit card Mark do you agree yeah I agree I mean you you you said that really well I think um one one kind of uh thing to look at here is that as we increasingly offload work to AI agents right the the requirement to to understand and be able to kind of measure and and and kind of oversee that work is is pretty critical and I think that um obviously the blockchain is this kind of immutable transparent kind of Ledger this ability to kind of understand exactly what these agents are doing uh and that you know there's a there's an element of oversight that I think is important as we start to kind of offload this responsibility that the blockchain does provide where do you guys think we are in the timeline of all this for infrastructure uh Mark I love how you mentioned earlier that you know given Cycles it could be a dirty word in in web 3 um do you have a sense that we are it's imminence of this becoming mainstream having enough infra builts that everyone in this room and but more importantly because this room is very self- selecting crowd right this room's brothers sisters grandparents you know when do you think this will be something that truly gets uh mainstreamed and then let's tackle what challenges do we have to get there Scott what are your thoughts the data infrastructure is maturing really fast it's Bas in times part of that we're we're accelerating like providing AI agents a lot of data and a lot of context about about what's happening on chain I think we'll get there like in 2025 to where 90% of the boxes are checked off of what agents need in terms of data um but going mainstream is is interesting I think it's like it rides off the coat Tales of uh success stories right when we see like small success stories like Luna agent from virtuals that's got everyone excited and it's going viral on Twitter and I'm taking 20 minutes to see what the AI AG it's going to live stream that gets people really excited and then you get a a massive amount of development effort that's poured into that sector so like now starting today we're starting to see tons of developers wake up and be like oh my gosh this is so cool wait I see a success story I see what's possible and start to like ruminate on what's possible uh start to build their own agents that are more consumer focused that could go mainstream like like agents that have 500,000 followers on tikk talk and they're live streaming their own content but they're accepting tips accepting donations accepting uh payments in crypto not like people connecting stripe and typing in their credit card to tip an AI agent it's going to be crypto that primarily they accept and so it's it's mainstream but it's you know maybe not like your grandmother using F yet Mark when you as far as infrastructure itself and before we get to the actual Grandma's all you know aping into these things um when will the rails be sufficiently built I think a lot of the Rails are are already there right I think that um like we're seeing in this this kind of um the these agents that are going viral we you know you you're starting to see some really cool kind of demos right on the the the binance in binance week kind of you know two weeks ago bit GPT did a really cool demo right where they had their their agent live on stage uh it's sent a transaction to someone uh in the audience right like they it executed stuff that's you know a little bit complex for for the average person and I think that it's it's there right the the the rails are there the agents are are just becoming increasingly capable I think that the pieces that are maybe uh not there yet right and I'd love to hear your opinion on this is like let's say let's say I I choose to personally invest uh my time my data in in an agent that can can on my behalf right um I don't necessarily know uh whether the infrastructure to protect that data transfer is is necessarily ready yet right I know that there's an agent that can probably go on chain and do a transaction on my behalf but is there an agent that I can maybe trust with my data in a way that kind of protects that data that doesn't kind of uh you know share that with the the broader model that's kind of powering the agent I don't know is what's your what's your take on that Scott good question yeah I mean that that was the whole promise of web 3 at least in the last cycle so much was talked about about returning ownership of data back to the internet's constituents because it was stolen from us in the Facebook decade um where we just gave our data to Google and Facebook and they sold it they productized it and there was this like in the 2021 cycle there was so much promise of crypto giving back ownership and control of data to Consumers from a llm standpoint I think you're going to need high quality decentralized gpus and you're going to need uh teams building you know privacy Solutions and decentralized llm inference on top of that for that to occur like right now we give all of our data to chat G to to open AI via chat GPT I think I think that the infr I think you're exactly right if the question is what's missing that's definitely missing today is a way to protect consumers from providing that data I I'm thinking about it more about Capital protect consumer Capital like I didn't even think I'm time a data company that's a great segue to our final lightning round style question real quick give us a prediction give us a 20 seconds or less infrastructure AI prediction next year five years Dealers Choice I predict that smart contracts will be a policy engine for controlling Capital like allow like putting tight guard rails around how AI agents can spend money on your behalf who they can send money to uh what kind of portfolio of of Blue Chips versus meme coins can they buy for you like you could the beauty of smart contracts is they can be a policy engine that control like how agents use your money who they send it to Etc love that Mark quick prediction yeah I think we're going to be post post complexity in crypto very very soon the next maybe three to four months uh I think that uh the the crypto space is going to explode with a bunch of useless AI agents that are executing on chain a large amount of noise from a contract perspective a large amount of noise on Twitter and social media I think we're going to go through a a blizzard of these sorts of kind of um uh actions uh but I think that um there's going to be some really cool stuff that appears uh and and survives as a result amazing great great discussion enjoyed it thanks guys thank you all","transcript_synced_at":"2026-11-03T05:25:10.230Z","segments":[{"start_seconds":0,"text":"hello hello it's great to be here my name is Jeff wilser I am the host of the AI curious podcast and I am super","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=0s"},{"start_seconds":7,"text":"curious and fired up for today's session I am joined of course by Scott dystra and Mark Ryden two absolutely the","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=7s"},{"start_seconds":16,"text":"sharpest Minds in the space on decentralized AI and we're here to really get into the Nuance to get into","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=16s"},{"start_seconds":24,"text":"kind of challenging the hype going past the buzzwords of what is real what's","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=24s"},{"start_seconds":30,"text":"real and what's kind of smoking mirrors what's legit why does it matter in centralized AI it's a baseline things","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=30s"},{"start_seconds":38,"text":"let's hear a bit about what you're both focused on your projects uh Scott tell usit what you guys are focused on absolutely well great to be here excited","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=38s"},{"start_seconds":45,"text":"to be at the at the new conference and uh space and time is a decentralized ZK proven database of all of crypto's data","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=45s"},{"start_seconds":53,"text":"so about 100 terabytes of data from every major chain and we provide that data to AI and smart contracts that need","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=53s"},{"start_seconds":61,"text":"it and then we're also building a lot of uh AI our own AI agent infrastructure on top to help de de developers uh generate","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=61s"},{"start_seconds":68,"text":"smart contracts generate SQL queries and generate smart contracts that make SQL queries on chain which are ZK proven","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=68s"},{"start_seconds":76,"text":"ultimately we give a lot of context about what's happening on chain to AI agents and uh we're really excited to be here awesome Mark yeah also very excited","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=76s"},{"start_seconds":86,"text":"to be here thank you again for for having me um we are Aether we buil decentralized GPU infrastructure for AI","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=86s"},{"start_seconds":94,"text":"and gaming companies essentially you can think of us as like a an AWS or Google Cloud providing you know high performance compute for for AI","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=94s"},{"start_seconds":102,"text":"infrastructure uh the difference obviously being that uh we don't own any of that compute ourselves it's contributed by our partners uh giving us the ability to essentially kind of scale","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=102s"},{"start_seconds":110,"text":"in a in a way that's very different from a traditional infrastructure provider so one thing I'd like to start","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=110s"},{"start_seconds":117,"text":"with is what exactly we even mean when we say infrastructure right because I was struck by a graphic Ilia showed this","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=117s"},{"start_seconds":127,"text":"morning it was an amazing schematic showing kind of the the current state of play of the near ecosystem alone and by","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=127s"},{"start_seconds":135,"text":"my like rough count there are like 60-ish projects on this chart like oh my God there's so much going on right a","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=135s"},{"start_seconds":143,"text":"good chunk of those are infrastructure in some way or another and that's just the near Worlds if you zoom out we","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=143s"},{"start_seconds":150,"text":"probably have 300 400 plus projects so how do you guys think about even the Lea lands here the different types of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=150s"},{"start_seconds":158,"text":"infrastructure projects different types of verticals um is there a taxonomy you're thinking about are there like two","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=158s"},{"start_seconds":165,"text":"or three main buckets um Scott how do you view this kind of the overall universe and how do you kind of break that down so starting at the at the","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=165s"},{"start_seconds":173,"text":"bottom you have projects like Aether that are at decentralized basically uh aggregating commodity gpus and","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=173s"},{"start_seconds":180,"text":"incentivizing the onboarding of those gpus and then you have decentralized training and inference which is a very nent uh category in in in crypto that","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=180s"},{"start_seconds":189,"text":"like I think will evolve a lot over the next two three years and I think the use cases for that will become much more appar apparent than they are today then","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=189s"},{"start_seconds":196,"text":"you have projects like ritual that are uh a category around bringing llm inference on chain like allowing smart contracts to ask questions from an llm","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=196s"},{"start_seconds":205,"text":"you can call that AI co- processing if you will um and then finally above that is is at the consumer layer uh users","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=205s"},{"start_seconds":213,"text":"that are AI agents AI agents actually transacting on chain teams like virtuals that are building agents like Luna that are transacting so you have gpus","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=213s"},{"start_seconds":220,"text":"training uh bringing inference to the chain and then finally transacting on chain across those four four categories I'd say there's at least two or three","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=220s"},{"start_seconds":228,"text":"like very real projects in each category and we're looking at one right here Mark do you have the same kind of worldview","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=228s"},{"start_seconds":235,"text":"of the labor land or would you add a category how do you how do you guys view it yeah I don't think I'd add a category I think uh what you said was was very","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=235s"},{"start_seconds":244,"text":"right uh I mean with AI you you you have the the fundamentals right GPU data models and and infrastructure kind of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=244s"},{"start_seconds":252,"text":"exists across uh those verticals Aether obviously exists in the in the the GPU commodity space um there's a there's a","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=252s"},{"start_seconds":259,"text":"bunch of kind of different players in each in each segment but infrastructure I think is it's a it's a funny word in in crypto","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=259s"},{"start_seconds":269,"text":"right right I think it's it's almost kind of um it almost becomes a dirty word towards the end of a cycle right","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=269s"},{"start_seconds":277,"text":"because we get so obsessed with infrastructure early on right uh and then we realize holy we have no","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=277s"},{"start_seconds":284,"text":"actual use cases like we've built all this infrastructure and who's using it right what's the what's the actual application for what we've what we've built um so yeah infrastructure I think","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=284s"},{"start_seconds":294,"text":"we're we're very very good at uh and there's yeah there's a lot of a lot of growth in good thing is we're no we're near the end of the AI cycle so it's not","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=294s"},{"start_seconds":303,"text":"quite a dirty word just yet right we have some more some time to play um Scott you mentioned kind of jokingly but","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=303s"},{"start_seconds":310,"text":"kind of not jokingly that each of these categories have two or three real projects um obviously without naming","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=310s"},{"start_seconds":318,"text":"names although feel free if you want to throw someone on the bus like go for it we'll start some see we'll start we'll start some Wars here but what what types","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=318s"},{"start_seconds":326,"text":"of projects or types of infrastructure do you strike you as a little more hypy and frothy and a little less","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=326s"},{"start_seconds":335,"text":"legit okay that's an interesting question so uh I think a lot of investors in the space and then a lot of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=335s"},{"start_seconds":342,"text":"teams building in the space are really excited about bringing llm inference on chain like allowing smart contracts to emit an event on chain that some","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=342s"},{"start_seconds":351,"text":"offchain AI Cod processor listens for that requires llm inference it kind of oracles the llm result back on chain to","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=351s"},{"start_seconds":359,"text":"a smart contract like that's a very promising future and exciting thing but I think the the use cases for that are still TBD like there's a lot of use","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=359s"},{"start_seconds":367,"text":"cases around governance F Dows um maybe like Dynamic nfts but when you get past that I I think that area is very much","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=367s"},{"start_seconds":376,"text":"TBD and one we were really excited to hear from NJ because I was I want I was going to ask him that question like yo what are you most excited about use cases that one to me is a big question","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=376s"},{"start_seconds":385,"text":"mark like how that part of the industry is going to evolve what's not a big question mark is is using crypto as an incentive mechanism to onboard a lot of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=385s"},{"start_seconds":393,"text":"commodity Hardware like that's a very clear use case that's a perfect use case for the blockchain perfect use case for crypto and that's like uh that's going","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=393s"},{"start_seconds":401,"text":"back to crypto's Roots using a cryptocurrency to incentivize kind of economies of scale to on board a lot of Hardware from the community whether","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=401s"},{"start_seconds":408,"text":"that's Enterprise Community or uh retail Community finally um there's a lot of teams right now building sdks for AI","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=408s"},{"start_seconds":416,"text":"agents to transact on chain and that's very real like that's something that hobbyist developers are using on their weekends to build their own AI agents","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=416s"},{"start_seconds":424,"text":"that transact on Bas or transact on salana and we see teams like dow. fund that are using those sdks to allow third parties to create AI agents that like","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=424s"},{"start_seconds":433,"text":"transact on chain and buy beam coins that's as real as you can get I love the I love the the Dow up fun use case um","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=433s"},{"start_seconds":441,"text":"you good yeah to be honest I think AI is coming into its kind of um real crypto","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=441s"},{"start_seconds":449,"text":"use case now I think that honestly when you look at kind of the early stages of AI very very training focused very llm","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=449s"},{"start_seconds":457,"text":"kind of uh Frontier Model focused right uh a space that maybe not uh not a great fit for decentralization right I think","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=457s"},{"start_seconds":464,"text":"large language models when when you're looking at kind of the the chats and the anthropics they benefit so much from centralization right a massive amount of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=464s"},{"start_seconds":474,"text":"Hardware collocated huge amounts of data that they can just pump into these centralized systems it's not something","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=474s"},{"start_seconds":480,"text":"that inherently uh lends itself to to decentralization right I think you have some really cool projects that are","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=480s"},{"start_seconds":487,"text":"looking to um provide alternatives to this model right but that's a big technical challenge that I think is not","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=487s"},{"start_seconds":496,"text":"something that we'll be able to kind of immediately solve um but it's it's a it's not a space that is naturally","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=496s"},{"start_seconds":504,"text":"welcoming to to decentralization however like Scott just mentioned where we're entering this period of time I think","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=504s"},{"start_seconds":511,"text":"where crypto offers this really really cool use case for uh for for for the for","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=511s"},{"start_seconds":518,"text":"the kind of the AI application space like the inferencing space the agent space uh and we're seeing that just start to explode right dow. fun is a","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=518s"},{"start_seconds":528,"text":"really really cool example like everyone knows um like pumped up fun dow. fun similar situation but you you kind of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=528s"},{"start_seconds":536,"text":"invest in a dow right and if the Dow hits um enough uh kind of investment the the Dow goes live there's a dow token","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=536s"},{"start_seconds":544,"text":"and then the the money that was kind of invested uh is in meant to be used to to invest within within the within the Dow","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=544s"},{"start_seconds":552,"text":"but uh what what kind of is is happening is that um people are creating AI agents right that are meant to be managing","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=552s"},{"start_seconds":561,"text":"these Dows so people are investing in in these Dows on the assumption that an AI agent is going to be the portfolio","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=561s"},{"start_seconds":568,"text":"manager right probably a horrible idea better than me being a manager of it so I I I see the Merit in some sense but","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=568s"},{"start_seconds":575,"text":"people people people love it and I think I think this is this kind of beginning of this really really exciting um space","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=575s"},{"start_seconds":583,"text":"where crypto does have a really cool use case uh for for AI is it going to be probably a horrible idea in the beginning yes but it's going to be it's","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=583s"},{"start_seconds":592,"text":"going to be fun and in in some ways have I feel like in the last even six months agents have explo loed in terms of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=592s"},{"start_seconds":601,"text":"excitement Hy but also to both your points some legitimate use cases has I mean little a paradox here have the rise","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=601s"},{"start_seconds":609,"text":"of Agents or the expected rise of Agents even change how we're thinking about infrastructure and actually are kind of like nudging and guiding how we're","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=609s"},{"start_seconds":618,"text":"building infrastructure I mean go yeah I I'll just quickly jump in I think it I think it definitely should right because when","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=618s"},{"start_seconds":626,"text":"you when you think about agents um what what do they do they're meant to make our existence on chain easier right more","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=626s"},{"start_seconds":634,"text":"seamless they meant to provide the ability to kind of overcome um the the the kind of challenges of of of daily daily existence on chain right and","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=634s"},{"start_seconds":643,"text":"what's cool about agents is that I would say within the next kind of one to two months we're going to have uh this kind","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=643s"},{"start_seconds":650,"text":"of abstraction of the complexity of interacting with crypto right so much of the the the complaints that we have with","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=650s"},{"start_seconds":657,"text":"crypto are about the the X right how do you kind of overcome that education barrier this kind of complexity associated with kind of managing your","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=657s"},{"start_seconds":666,"text":"assets on chain uh agents are going to remove that instantaneously you're just going to be able to communicate directly with your agent that you don't need to","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=666s"},{"start_seconds":674,"text":"know how to bridge tokens manage gas fees kind of understand what what kind of uh different chains are you're just going to be able to execute right and I","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=674s"},{"start_seconds":683,"text":"don't think we're looking hard enough at what infrastructure looks like post complexity in crypto uh and that's something that we're going to hit very","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=683s"},{"start_seconds":691,"text":"very soon Scott how are you thinking about that yeah the the question was like how are how are we changing the infrastructure development with the Advent of this agent or if it I'm not","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=691s"},{"start_seconds":699,"text":"even sure if it is but are agents kind of like is there a circular thing I think very much yeah yeah I was just I was pondering it when when uh when Mark","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=699s"},{"start_seconds":707,"text":"was talking um we like internally in space and time we've like I don't call it 35 Engineers or so and they're already thinking like hey we we have our","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=707s"},{"start_seconds":715,"text":"own um kind of Coen tools that we use internally and that we're trying to kind of make them an API that third parties can use and we're we're like a lot of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=715s"},{"start_seconds":724,"text":"new infrastructure development we're trying to build AI first like make sure like the first line of code written was generated um rather than taking like a","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=724s"},{"start_seconds":732,"text":"bunch of code that we already built that we hand coded over the last two three years before we had a ton of really good uh development agents and then like","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=732s"},{"start_seconds":740,"text":"adding an agent on top to a bunch of code that's already written by humans we're trying to start agent first now like what does that look like on chain","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=740s"},{"start_seconds":748,"text":"so think about um like uh protocols that are sort of like SDK first or like API","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=748s"},{"start_seconds":755,"text":"first where like a defi protocol that's less concerned about what the UI is and more concerned about like how can agents","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=755s"},{"start_seconds":764,"text":"use like abstracted key infrastructure abstracted wallet infrastructure to trade on a user's behalf like intense","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=764s"},{"start_seconds":771,"text":"right there's this new kind of popular term in crypto around intense and I know near is doing a lot with intense which is really excited and there's a lot of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=771s"},{"start_seconds":778,"text":"other teams and intense is like a could could become like an AI first ux for defi finally um on the space and time","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=778s"},{"start_seconds":786,"text":"side like what we did for our user experience and our developer experience is we just built like we just kind of co-engineered with Microsoft like with a bunch of azure AI lab engineers in our","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=786s"},{"start_seconds":794,"text":"own Engineers we built a very specif uh sophisticated prompt to SQL engine so that like developers can can write can","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=794s"},{"start_seconds":803,"text":"write a prompt that gets that gets turned into SQL that their smart contracts can run on chain to get the data they need or they AI agents can run","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=803s"},{"start_seconds":810,"text":"to get the data but like writing sequels of painful 10 minute 20 minute 30 minute process when you have a big query and thank God like AI just writes it now for","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=810s"},{"start_seconds":818,"text":"all of our users so like today at least half if not more like I think like 55% of the queries that are run again space","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=818s"},{"start_seconds":825,"text":"and time were first generated by an AI agent which is like a very uh AI first developer experience go ahead yeah I I I","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=825s"},{"start_seconds":833,"text":"I just want to Echo that I think you're right this this kind of focus away almost from ux like it's funny that we say that","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=833s"},{"start_seconds":842,"text":"because we suck at ux right like crypto sucks at ux right but this this Focus away from from ux this ability to like build an ecosystem that's just very","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=842s"},{"start_seconds":851,"text":"accessible by agents I think is is is it's a you know really good point and this intent-based ecosystem kind of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=851s"},{"start_seconds":859,"text":"structure that uh a lot of kind of projects are leaning into is is fascinating as well right I I still don't fully understand it it feels like","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=859s"},{"start_seconds":868,"text":"magic to me you know what I mean this idea that you you just put a request into the the protocol right and then the","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=868s"},{"start_seconds":877,"text":"the request will get kind of met you don't need to kind of understand what you're asking for you don't need to kind of have this kind of technical kind of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=877s"},{"start_seconds":884,"text":"uh connection to to the to the request you just have to have the ability to to request and I think that um you're right","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=884s"},{"start_seconds":891,"text":"that's going to be a a a fascinating kind of uh growth sector um built largely on the back of kind of AI do you","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=891s"},{"start_seconds":898,"text":"guys have a a sense of within the larger decentralized AI infrastructure framework of a pie chart what chunk of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=898s"},{"start_seconds":907,"text":"that uses tokens and what will not I'm still trying to I'm just get my arms around to what extent tokens in","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=907s"},{"start_seconds":917,"text":"cryptocurrency is a necessary fuel for this engine and there's some projects where it's","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=917s"},{"start_seconds":924,"text":"explicit and there are some where I don't see mention of it at all right so what's Your Gut on that of how important","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=924s"},{"start_seconds":931,"text":"tokens will be to all of this so you have um two categories around like like of of cryptocurrency and AI in my very","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=931s"},{"start_seconds":938,"text":"humble opinion One is using cryptocurrency to bootstrap like a large economy that you couldn't like like an","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=938s"},{"start_seconds":946,"text":"economy of scale which is what Bitcoin was what ethereum was what most l1s are bootstrap a a large number of validators","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=946s"},{"start_seconds":954,"text":"a large number of commodity servers contributed to your network incentivized buy a a new token ather is is that for","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=954s"},{"start_seconds":962,"text":"gpus like uh an economy of scale of onboarding a lot of gpus where where the token is the incentive to do so on the","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=962s"},{"start_seconds":971,"text":"other hand there's like agents transacting on chain using crypto as just a better payment mechanism as a better way to transfer money on the internet as just a way to move Capital","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=971s"},{"start_seconds":980,"text":"between parties on the internet and like I think it was uh KY samani from multicoin that tweeted like two weeks ago like hey why do AI agents need to","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=980s"},{"start_seconds":989,"text":"transact on chain you can just give them your credit card and that's like a valid question I think everyone was was I've had that question for a while I was too scared to ask that so why can't I just","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=989s"},{"start_seconds":997,"text":"give my agent my Visa why do why do they need to transact on chain I I would pose the question differently I would say do users have cryptocurrency that they want","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=997s"},{"start_seconds":1006,"text":"to do things with like like you have an AI agent that's a that's an assistant that helps you do something like an AI agent that helps you uh purchase a","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1006s"},{"start_seconds":1014,"text":"flight to London or a flight to Bangkok or you have an AI agent that helps you um make transactions or take out a loan on chain if you're buying a flight to","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1014s"},{"start_seconds":1022,"text":"Bangkok with your AI agent assistant I think you will give them your credit card I think they'll be very thin like very well-defined parameters where","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1022s"},{"start_seconds":1029,"text":"you've set up um a very contained amount of money like hey I'm willing to spend 700 USD on this flight I have an AI","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1029s"},{"start_seconds":1038,"text":"agent infrastructure or an AI agent assistant that I give my credit card and it spends $700 with Asia air and I can","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1038s"},{"start_seconds":1045,"text":"it buys my flight for me that's very different than like me trying to bridge money over to an L2 to take out a loan and that's a lot of work for me so I","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1045s"},{"start_seconds":1053,"text":"just have my agent do it if I already have crypto of course it's going to transact on chain and blockchain just offers a better programmatic way for agents to to transact so long story","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1053s"},{"start_seconds":1061,"text":"short um I think both will be very important I I don't think it's either or I think I think the blockchain is a better way for agents to transact","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1061s"},{"start_seconds":1068,"text":"programmatically but there will be very isolated use cases where of course you can give it your credit card Mark do you agree yeah I agree I","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1068s"},{"start_seconds":1076,"text":"mean you you you said that really well I think um one one kind of uh thing to look at here","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1076s"},{"start_seconds":1084,"text":"is that as we increasingly offload work to AI agents right the the requirement to to understand and be able to kind of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1084s"},{"start_seconds":1092,"text":"measure and and and kind of oversee that work is is pretty critical and I think that um obviously the blockchain is this kind of immutable transparent kind of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1092s"},{"start_seconds":1100,"text":"Ledger this ability to kind of understand exactly what these agents are doing uh and that you know there's a","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1100s"},{"start_seconds":1108,"text":"there's an element of oversight that I think is important as we start to kind of offload this responsibility that the blockchain does provide where do you guys think we are in the timeline of all","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1108s"},{"start_seconds":1117,"text":"this for infrastructure uh Mark I love how you mentioned earlier that you know given Cycles it could be a dirty word in","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1117s"},{"start_seconds":1122,"text":"in web 3 um do you have a sense that we are it's imminence of this becoming","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1122s"},{"start_seconds":1131,"text":"mainstream having enough infra builts that everyone in this room and but more importantly because this room is very","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1131s"},{"start_seconds":1140,"text":"self- selecting crowd right this room's brothers sisters grandparents you know when do you think this will be something","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1140s"},{"start_seconds":1148,"text":"that truly gets uh mainstreamed and then let's tackle what challenges do we have","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1148s"},{"start_seconds":1156,"text":"to get there Scott what are your thoughts the data infrastructure is maturing really fast it's Bas in times part of that we're we're accelerating","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1156s"},{"start_seconds":1164,"text":"like providing AI agents a lot of data and a lot of context about about what's happening on chain I think we'll get","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1164s"},{"start_seconds":1170,"text":"there like in 2025 to where 90% of the boxes are checked off of what agents need in terms of","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1170s"},{"start_seconds":1178,"text":"data um but going mainstream is is interesting I think it's like it rides off the coat Tales of uh success stories","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1178s"},{"start_seconds":1187,"text":"right when we see like small success stories like Luna agent from virtuals that's got everyone excited and it's","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1187s"},{"start_seconds":1194,"text":"going viral on Twitter and I'm taking 20 minutes to see what the AI AG it's going to live stream that gets people really excited and then you get a a massive","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1194s"},{"start_seconds":1203,"text":"amount of development effort that's poured into that sector so like now starting today we're starting to see","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1203s"},{"start_seconds":1210,"text":"tons of developers wake up and be like oh my gosh this is so cool wait I see a success story I see what's possible and start to like ruminate on what's","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1210s"},{"start_seconds":1218,"text":"possible uh start to build their own agents that are more consumer focused that could go mainstream like like","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1218s"},{"start_seconds":1226,"text":"agents that have 500,000 followers on tikk talk and they're live streaming their own content but they're accepting tips accepting donations accepting uh","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1226s"},{"start_seconds":1235,"text":"payments in crypto not like people connecting stripe and typing in their credit card to tip an AI agent it's going to be crypto that primarily they","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1235s"},{"start_seconds":1243,"text":"accept and so it's it's mainstream but it's you know maybe not like your grandmother using F yet Mark when you as","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1243s"},{"start_seconds":1252,"text":"far as infrastructure itself and before we get to the actual Grandma's all you know aping into these things um when","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1252s"},{"start_seconds":1259,"text":"will the rails be sufficiently built I think a lot of the Rails are are already there right I think that um like we're","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1259s"},{"start_seconds":1266,"text":"seeing in this this kind of um the these agents that are going viral we you know you you're starting to see some really cool kind of demos right on the the the","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1266s"},{"start_seconds":1275,"text":"binance in binance week kind of you know two weeks ago bit GPT did a really cool demo right where they had their their","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1275s"},{"start_seconds":1283,"text":"agent live on stage uh it's sent a transaction to someone uh in the audience right like they it executed stuff that's you know a little bit","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1283s"},{"start_seconds":1291,"text":"complex for for the average person and I think that it's it's there right the the the rails are there the agents are are","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1291s"},{"start_seconds":1298,"text":"just becoming increasingly capable I think that the pieces that are maybe uh not there yet right and I'd love to hear","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1298s"},{"start_seconds":1306,"text":"your opinion on this is like let's say let's say I I choose to personally","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1306s"},{"start_seconds":1313,"text":"invest uh my time my data in in an agent that can can on my behalf right um I","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1313s"},{"start_seconds":1320,"text":"don't necessarily know uh whether the infrastructure to protect that data transfer is is necessarily ready yet","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1320s"},{"start_seconds":1329,"text":"right I know that there's an agent that can probably go on chain and do a transaction on my behalf but is there an agent that I can maybe trust with my","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1329s"},{"start_seconds":1337,"text":"data in a way that kind of protects that data that doesn't kind of uh you know share that with the the broader model that's kind of powering the agent I","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1337s"},{"start_seconds":1345,"text":"don't know is what's your what's your take on that Scott good question yeah I mean that that was the whole promise of web 3 at least in","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1345s"},{"start_seconds":1354,"text":"the last cycle so much was talked about about returning ownership of data back to the internet's constituents because it was stolen from us in the Facebook","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1354s"},{"start_seconds":1362,"text":"decade um where we just gave our data to Google and Facebook and they sold it they productized it and there was this like in the 2021 cycle there was so much","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1362s"},{"start_seconds":1370,"text":"promise of crypto giving back ownership and control of data to Consumers from a llm standpoint I think you're going to","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1370s"},{"start_seconds":1377,"text":"need high quality decentralized gpus and you're going to need uh teams building you know privacy Solutions and","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1377s"},{"start_seconds":1385,"text":"decentralized llm inference on top of that for that to occur like right now we give all of our data to chat G to to open AI via chat","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1385s"},{"start_seconds":1394,"text":"GPT I think I think that the infr I think you're exactly right if the question is what's missing that's definitely missing today is a way to","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1394s"},{"start_seconds":1402,"text":"protect consumers from providing that data I I'm thinking about it more about Capital protect consumer Capital like I","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1402s"},{"start_seconds":1410,"text":"didn't even think I'm time a data company that's a great segue to our final lightning round style question real quick give us a prediction give us","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1410s"},{"start_seconds":1418,"text":"a 20 seconds or less infrastructure AI prediction next year five years Dealers Choice I predict that smart contracts","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1418s"},{"start_seconds":1427,"text":"will be a policy engine for controlling Capital like allow like putting tight guard rails around how AI agents can","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1427s"},{"start_seconds":1434,"text":"spend money on your behalf who they can send money to uh what kind of portfolio of of Blue Chips versus meme coins can","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1434s"},{"start_seconds":1442,"text":"they buy for you like you could the beauty of smart contracts is they can be a policy engine that control like how agents use your money who they send it","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1442s"},{"start_seconds":1450,"text":"to Etc love that Mark quick prediction yeah I think we're going to be post post complexity in crypto very very soon the","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1450s"},{"start_seconds":1458,"text":"next maybe three to four months uh I think that uh the the crypto space is going to explode with a bunch of useless AI agents that are executing on chain a","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1458s"},{"start_seconds":1466,"text":"large amount of noise from a contract perspective a large amount of noise on Twitter and social media I think we're","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1466s"},{"start_seconds":1473,"text":"going to go through a a blizzard of these sorts of kind of um uh actions uh but I think that um there's going to be","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1473s"},{"start_seconds":1482,"text":"some really cool stuff that appears uh and and survives as a result amazing great great discussion enjoyed it thanks guys thank you all","url":"https://www.youtube.com/watch?v=p57j0kELbNI&t=1482s"}],"youtube_url":"https://youtube.com/watch?v=p57j0kELbNI","url":"https://near-pedia.xyz/videos/p57j0kELbNI"}