Abstract’s Creator Flywheel | Luca Netz
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Streamers are gonna be able to make content, pin abstract apps on those streams, and ultimately make content to their user base around those products built on abstract. It's very much the first time that crypto has ever, you know, automated the flywheel and really tried to point rewards specifically around content creators. Now this seems pretty ridiculous to me because if you look at, you know, how the biggest businesses in the world have been built, you know, 5 out of 10 of them have all been around rewarding and and and fostering the content creator. Yet yet nobody in crypto has ever done i
Nothing set on Xerox Research is the recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Ryan, and our guests may hold positions in the company's funds or projects discussed. What's up, guys? Welcome back to another episode of Xerox Research. Today, I'm joined by Luca Nes from Igloo Inc, Abstract Chain, and Pudgy Penguins. Thanks for coming on the show, Luca. Hey.
Happy to be here.
I guess today's main focus will kinda be Abstract Chain. I know you have, a lot of lot of businesses out now, but how how did you guys why did you guys decide to build that abstraction? What was the main purpose behind it?
I think from our perspective, we kind of realized that all the blockchains are being commoditized. And, ultimately, what Pudgy Penguins in our community has is I think, the proprietary things that I think are ultimately gonna be differentiated and differentiate chains moving forward, which is community culture, operational excellence. Every ingredient that I think is needed to make a successful blockchain chain ecosystem, we already have via the the community and the culture that we've cultivated over the last couple of years. So in a world where, you know, we have the moat, why and go bring t
I agree with everything you said, but I wanted to ask a specific thing. It's consumer centric, which is something you you write about. And you actually wrote a pretty opinionated, article on it back in September 2024. Why, I understand why you wanna go consumer centric, but, like, can you kinda run over your arguments on why you think it's necessary that this happens? And you talked a bit about cultural hubs as well. I think that will tie it all together.
Yeah. I think the I think the experiences are just kind of shit today. So if I were to, like, compare, give you a good anecdote let's, like, just look at social networks and compare them to blockchains. Right? Like, so blockchains today very much feel like 4chan. Right? Where it's like if you know how to navigate and you know how to put the pieces together, it can be super useful. Right? However, if you don't know how to navigate, right, you can all it could also be super harmful. In 4 chan's, you know, case, you go somewhere where you shouldn't probably go. That doesn't make you feel too good
makes sense. And what do you guys specific doing specifically to make that happen, to make it easy?
I think what you're gonna see here probably when this comes out and and people hold me accountable. Like, I think you're gonna see this this this hub of fun, the singular destination where somebody can log in via an email and a password, get a smart wallet, and then just participate in the ecosystem pretty seamlessly and know how to do things and where to go, you know, with a simple interface. And I think this is how a majority of consumer blockchains moving forward are gonna be
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