Venice VVV: Who Pays for “Free” AI? | Daily Crypto IQ 🧠

0:00Welcome back to the Underground Crypto Daily IQ raising events and the token autopsy report. Tonight, we're examining Vinace, that is the project, and VVV, that is the ticker for the token. The pitch is appealing. Stake a crypto asset and gain an ongoing access to AI. Less appealing for the pitch is the fact that the GPUs, model providers, and electricity company still expect to be paid. Apparently, none of them accept the word perpetual as legal tender. That

0:34does not make Vinace nonsense in any way, shape, or form. It makes the funding model worth understanding. How are they funding this AI? If anybody has no idea, AI is very expensive and highly resource, right? Needs a lot of resources. So, Vinace has an actual AI service. VVV, the token and its companion token DIEM or DIEM, create a way for separate capital reoccurring access and transferable claims on that access. The platform also describes

1:05revenue funded token burns, which gives us a more to it gives us more to examine than a governance token politely observing a successful business model. And remember, this is the token autopsy report. So, this is all about how the token relates to the ecosystem that it's involved with. But, the important distinction here remains, AI credits are not cash income. Staking rewards are not automatically business profit and privacy depends on

1:32the model and request flow. And a company saying it wants deflationary tokens is not the same as a verified supplied ledger showing one. We're following the product, the money, the token, and the risk. Same autopsy, same standard, the logo does not get extra marks for looking intelligent. Educational research, never financial advice. I'm going to go ahead and reset that board right now.

1:58I hope you guys are all ready for that. Here it comes. Reset board. All right. So, that board's going to reset, and then I'm going to trigger our first This is the first real one. The board has been reset. Wow. This is for real. Winner Winner from now on, the winner gets $10 in cryptocurrency.

2:48All right. Now, what you may not know about the Venice token is that V So, technically, there's two tokens here, all right? V V V and Diem. They are different assets, and although this token autopsy is completely centered around V V V, we're going to still mention Diem, right? Crab Jack says, "Rigged." What is rigged?

3:22This is 4 4 4. I think you have uh too many numbers. Choose between between 1 and 10. So, V V V is the foundational staking token. Diem is the transferable token that active that activates daily AI credits when it is staked. Owning one does not mean you hold the other one or have access to the other one. A dollar denominated credit is not a dollar of income. Venice terms explicitly says

3:51services and credits cannot be redeemed for cash. Their usefulness depends on consuming the actual service, just like using chat GPT, but you're using Venice. Sell minted Diem Selling minted Diem does not free the VVV that is backing it. Releasing the collateral would would require burning the corresponding amount of Diem. Selling the access claim and selling the principal are separate actions. And I bet you didn't know that burning Diem

4:20and burning VVV have totally different effects. One can release the backed VVV. So, when you burn Diem, the token d i e m that's associated with Venice project and its ecosystem, it will release the VVV token that was backing it. The other one removes VVV from supply if you burn VVV, obviously. So, the word burn is doing suspiciously heavy lifting if nobody names the asset that is being burned.

4:49And of course, we have signal versus noise. It is noise or unimportant. AI is growing, therefore every AI token captures that growth. That's not necessarily true. Signal is important. The actual route from a useful service to token demand, collateral locking, or cash-funded purchases, that is important. What is noise? Oh, oh, it's time to toggle another event here. Bang. So,

5:18and I'm going to make something that just randomly does it like every 5 minutes or something. So, it is noise that a burn announcement means a token is deflationary, cuz it doesn't. What is important is that VVV minted and VVV burned over the same period measured in the same units. That's important, cuz it's the same token. You have emissions coming into supply, burned being removed from supply, deflationary. What is noise is

5:44that private AI means model request is end-to-end encrypted. No, it does not. Signal, what is important is the selected models privacy mode and request implementations. A label is not a threat model. And what is noise forever printed next to a reoccurring credit allocation? And then of course you have the providers ability and obligation to keep delivering useful inference, right? Forever is a long time to leave operating costs out of the conversation.

6:16Let's go ahead and toggle another event. I am definitely going to just build something that does this automatically. Um normally I think I could probably have Melissa do this for me cuz she's a mod. If only Blues Guy was here. Where is Blues Guy? All right. So, let me make these wonderful slides appear

6:42for everybody here. And let's get into this token autopsy report. See how this board game looks with our slides going. What happens if two people guess lower? I guess it's whoever put it in first maybe. I know what I got to do. Cuz once I open up this presentation, guys, remember I am debuting this this gaming gaming stream here, right? So, I'm going to make sure

7:28that my chat is on it. And then I can do it from my phone. Usually I'd probably have like Melissa do it or something like that if she's willing to, of course, which I'm sure she is. All right, let's see. I'm going to do it from my phone. Hopefully it works. Cool. So now I can do it from my phone while we are doing the token autopsy report. So

8:05here we really kick off and get serious. VVV Venice Token Token Autopsy AI access is not cash income. Access, collateral, and burns, community picks, same standards. If you don't know what a token autopsy is, I'm not going to explain it right now, but it's how important the token is to the ecosystem it is associated with. Venice is the product, the AI model that you use, VVV is the token, and then there's Daim off on another conversation we will be

8:32having soon. But every token autopsy is scored the same, right? And it's 1 through 100. And then we put that all into a leaderboard. So far there has been one one token that has passed. If you can tell me the one token that is actually passed, I will give you a free roll credit. I'll give you a free roll. If you can tell me the only crypto project that has passed our token autopsy so far. All right, let's get into it, guys.

9:11Anybody know? So VVV and Daim are different assets. VVV is the foundational staking token. Daim on the other hand is a transferable token that activates daily AI credits when it is staked. Highly important that you understand the difference. So owning one does not mean you hold the other. So if you own VVV, you don't automatically get Diem. I think you have to stake that uh VVV in

9:41order to get Diem, but we're going to get into that. So, a dollar denominated credit is not a dollar of income, right? And Venice's terms explicitly say that service credits cannot be redeemed for cash. So, you're not going to game their system if that was what you were hoping to do. So, their usefulness depends on consuming the service. >> [music] >> Selling minted Diem does not free the VVV that is backing it. Releasing the

10:08collateral requires burning the corresponding amount of Diem. And selling the access claim and selling the principal are separate actions, if you understand what I'm talking about here. Let's go ahead and trigger another game. Let's go. So, burning Diem and burning VVV have different effects. One can release backing VVV token, and the other removes VVV from the supply. So, those are two totally different things. The word burn is again doing suspiciously

10:38heavy lifting if nobody names the asset. Those are our references. You can always pause them. Signal versus noise, I went ahead and I already read you signal versus noise, so we will get through that. And then we start with the problem. So, any good project is going to be fixing a problem, right? Oh, yeah, I just remembered I don't have any drinks. All right, I definitely need something to drink now that I'm talking. Um

11:04Every good project should solve a problem. We stay on point here. It's hard cuz I got to keep up with this chat. Did anybody say what the only token was that has passed our token auditopsy? Nobody has. Nobody knows the only token that passed our token auditopsy. That's very surprising. All right, no free tokens for you then, unless somebody tells me it sooner or later. All right. So, the problem that they're

11:30trying to fix, right? Venice bundles a real AI product with a token economy. People often flatten the whole arrangement into stake crypto, get free AI, and earn yield. The sentence hides the source of that reward. The collateral restriction and the service dependency and difference between redeemable money and consumable credits. We're thinking Think of a credit system. Have you ever used I'm not talking about credit cards, okay?

11:59I'm talking about a product to use online that you had to buy credits and then you could spend those credits. Um Some different ones come to mind, but a lot of AI A lot of the early AI projects that were out before uh Chat GPT existed and stuff like that or was popular, a lot of them all required credits. So, you would show up, you'd buy credits, and then those credits would be what you would use per

12:23the different things that you would do. All right. Reliable Reliable J is going to get this money. And it doesn't look like anybody's competing with him, which is pretty wild. All right. So, let's move along. So, the shift is to separate the system into three questions. What does the AI customer actually receive? What obligations and costs does Venice retain? And what

12:51reaches the VVV holder through utility supply and changes or market demand? And for us in a token autopsy, I will tell you that it is all about what value reaches VVV Venice token, the actual token. Everything else is kind of noise. But, we do have to understand the model. We do have to understand the different things in the ecosystem for us to fully understand where [music] there is opportunity. So, that is highly important as well. So, those are

13:20connected questions. They are not the same question wearing three different hats. Here's the payoff. We can evaluate Venice, the project, without dismantling the product or donating the entire analysis to the marketing department. The goal is to identify a defensible token mechanism, understand its limits, and grade the evidence rather than the excitement. So, don't focus on the hype. Focus on the actual products.

13:50I'm going to toggle another event here. Let's go. And remember, if you put {exclamation point} piece, you are then able to change your little piece on the board to whatever. So, you {exclamation point} piece, you can type Pepe, BTC, Soul, um what other ones? ETH, if I didn't say that one, or you can type in {exclamation point} piece and you can pick any emoji, including the custom emojis that I have. So,

14:19I think that what we're going to do once we have enough members and we can make more is our people who show up every night, they're going to get a custom emoji made of them that they like. So, maybe Reliable J wants a Pepe frog that's specifically his, like specifically for him. Now, other people would be able to use it, but when he shows up, since he's a member, he's going to be able to switch off to his piece. I think that

14:43we're going to do that over time, but we need a few more people to support this show and grab one of those memberships. Starts at $3 a month, guys. All right, identity and purpose. Let's go ahead and I'm going to start one more real quick. There you go. And let's get into the identity and purpose of Venice token. So, now we have like this game show going on, $10 in free cryptocurrency being given away to

15:20to winner of the board game while we do our deep dive. Hopefully, you guys can walk in. Maybe there needed to be more things going on since we're all very over stimulated all the time. So, Venice is an AI service, right? Think like ChatGPT. VVV is its ERC-20 token on base. It is not a separate blockchain, and it is not a claim of ownership of every model available through Venice. Verified official VVV contract on base is right here on screen.

15:52You can check that out. Make sure you got the right one. The network matters as much as the address. [music] A familiar ticker on another chain is not adequate identification. The contract address identifies the token. It is not a destination for activating staking. Don't be confused if you're new around here. Our subject is VVV's economic role inside of the project Venice. Staking, access-related collateral, and the

16:22announced buyback and burn channels. Diem, the other token associated with this ecosystem, is part of that examination because it carries the reoccurring service access and claim. So, if you know about VVV and you don't know about Diem, then you don't know about the ecosystem of Venice, and you're probably not using it. So, that is already a more specific than an AI coin, right? We're getting down to the meat of the matter here. Categories

16:49describe the shelf, right? They do not describe [music] the contents. When we give a category of AI token, is what it's saying. That is just a category, [music] right? That is the shelf on which the project sits. The actual project may be in the AI category, but what does that mean? Is it an AI agent? Is it like ChatGPT? Does it have both? Does it have multiple thing? I don't know. That is what we are deep diving and

17:15researching here. Let's trigger that next game. I can't wait to build the automatic thing that does this for me. I will definitely be doing that after tonight's show. And winner gets $10. And whatever cryptocurrency you would like, you're just going to have to join that Discord so that you can DM me and give me contract address and what token you want. So, the product and the

17:41problem it solves. Venice provides a consumer AI interface and a developer API for using multiple models. The API is a programmatic connection. This is really good because we talk about API all the time in respect to AI and doing different things with AI agents and stuff like that. [music] You have an AI agent, you need to connect an API. And so, if you want it to be able to move money around and do all these fancy things, people

18:11want to give AI money and it just makes them money, well, you're going to need to connect it through an API most likely. So, it's good that you know what it is. So, lock in and listen to this for 1 second before I give you guys another game to play. So, >> [music] >> the API is a programmatic connection. An application sends a request and receives generated output

18:34without a person manually typing into a chat window. The practical appeal here is consolidated model access, privacy-orientated routing, and integration into existing workflows. A developer can build a writing assistant, coding tool, or reoccurring automation around that service. Let's drop that next game. Let's go. And I'm going to be adding some more games so that we have more some more variation here.

19:08Although, I think right now I have five games. So, the product and the problem it solves, slide three. Interface means running a model to produce an answer or generation. It is different from training a model itself. Venice says the project's business does not require it to have trained or owned every model that it offers. It's giving access, not saying that it fully owns every single one of them. For customers, the test is

19:37ordinary but demanding, useful output, reliable access, appropriate privacy, and reasonable pricing, and low friction. If you already use ChatGPT, and then you go and you use, say, Venice, I don't want to call it VVV because that's the token, Venice the product, right? You're going to want to have at least a on par similar experience, right? And it needs to be reasonably priced, which is hard because with ChatGPT, you

20:10just pay what? Like the base fee is like 20 25 bucks. And you can do a lot with 25 bucks. I don't know how much you have to actually pay with Venice token to be able to use it, but I will be finding out about [music] that very soon. At the end of the token autopsy, we're going to go check it out. So, let's go ahead and toggle a another random game here. All right. So, a token is not necessary for every customer to use the product.

20:43Customers can also purchase credits. That makes the token optional. Benefits worth evaluating rather than assuming compuls- compulsory compulsory demand. I don't know why that word messing me up, probably because I got nothing to drink. All right, four privacy modes. So, these are the different privacy modes. You have anonymous, provider sees the prompt without Venice's identity. Then you have private, which is zero data retention

21:11processing arrangement. Then you have TEE, hardware isolated interface with attestation. And then you have this E2EE, which is client encryption to prompt to a verified TEE. So this is encryption to encryption. Privacy architecture, four meanings, not one slogan, right? So Venice or Venice's API documentation distinguishes four different modes. Anonymous, let's break it down. That's the provider receives

21:43the prompt without the user's Venice identity. The provider can still see the content. Private, content is processed under a zero data retention arrangement. And then you have TEE. Inference runs in a hardware isolated trust execution environment with attestation support. Then you have encryption to encryption. The clients encrypts the prompt to a verified TEE. Venice relays ciphertext rather than an ordinary plaintext

22:17prompt. TEE in E2EE >> How long was the mic out for? Well, at least I'm learning here. Reliable Jay, can you tell me when the mic went out? I would greatly appreciate that. I'm going to have to get like some headphones set up. Okay, not long. Appreciate that. All right. So, we're going to take a pause. Where are my Where are my

24:02undergrounders at? You know what's really funny? You ever notice that like when you're really excited about something, normally nobody else is? Or when you're going to do something very specific, like all of a sudden that's the night where it's slow. It happens every time. Where are my undergrounders at? Appreciate you I appreciate the people who are here being here for sure.

24:25So, let's talk about a new story real quick. Injective wants fixed gas costs for DeFi trading. Injective is moving towards a governance proposal that would assign predefined gas amounts [music] to specific exchange module actions, such as placing orders, canceling orders, and moving funds between subaccounts. The system is already running on testnet and would [music] require governance approval

24:56before going to main net. The point is predictability. Most blockchain gas systems meter transactions based on computation, and that is fine for normal users. But, if you're a market maker or automated trading firm sending enormous amounts of number orders, uncertain transaction costs make modeling much harder. Injective's approach is basically saying an order placement costs this X amount of gas. The cancellation costs Y. You

25:28know the cost before you before your bot actually sends it. It does not eliminate fees or spam protection. It standardizes gas consumption for certain exchange actions. Injective is optimizing its blockchain less like a general-purpose app platform and more like a dedicated exchange infrastructure. Sui Foundation is putting 30 million into Data Network, and Data is abandoning its own chain. This is very interesting. We will come back to that

25:59in just a moment. We're going to pick up where we were. We're going to see where everybody's at. Trigger another game. Looks like Reliable J is getting that money today. Somebody better come in and start winning. So, let's talk about VVV staking access, benefits, and token rewards. Staking places VVV into the staking system. The recipient gets SVVV. That represents the staked position and can be locked as

26:39backing for Diem. VVV the token rewards come from emissions. Newly issued VVV, they are not automatically a share of Venice's cash profits, though. The current FAQ describes Diems back positions receiving 80% of the standard staking yield while their SVVV is locked. That is a share of the staking rewards, not an 80% annual return. And I'm sorry about the mic going out, guys. That was uh unfortunately

27:17It was unfortunate. I don't know. That did not come out right. That happened. >> [music] >> Trying to focus on this game here. All right. So, Venice already advertises pro access for users staking at least 100 VVV and you got to think 100 VVV right now at $22, $23, $31 is a nice chunk of change. If you would have picked up 100 VV when it was $1.50,

27:48not so bad. Be like 150 bucks. So, that is a service eligibility threshold, not a valuation model or a promise that buying 100 tokens is cheaper than just subscribing. Speaking of subscribing, smash that subscribe button if you're just rolling in. That current FAQ allows Venice to discontinue that staking benefit. Treat it as current service eligibility, not a re-irrevocable

28:18lifetime entitlement. So, just cuz it's here now doesn't mean it'll always be there later. I got denied on my own game. All right. All right. Calm down, streamer bot. So, a user economic result combines token price changes, reward quantity, and useful access. The exit cost, more tokens can coexist with a smaller dollar valued position. The reward counter is not the entire settlement.

28:50It's what our sources So, turning collateral into an access claim. This is Diems. So, now we're going to get into Diems and talk about that. Got a pop-up. Hurricane in the Pacific, category two. Everybody run for the hills. So, Diems turning collateral into an access claim. So, the minting route here has separate steps. You can stake VVV and then lock. So, when you stake VVV,

29:20right? You're going to get SVVV. That is a representation of the tokens that you have staked, hence the S in [music] front of the VVV. Then you take your SVVV and you mint Diems. You're basically locking up the locked token. It's almost like re-staking. It is re-staking, I guess, and you mint Diems. And then you can stake Diems to activate the credit allowance. So, there is a process here if you want to use the

29:47product based off of your stake. One staked Diems provides $1 of renewing daily Venice API credit. Merely holding an unstaked Diems is not the same as activating that allowance. So, again, if you want to use Venice the actual product, you're going to have to stake Diems or you have to buy credits, right? And I think you can subscribe to that. So, there's more than one way to do it, but if you stake your Diems, it's going to kick you out a dollar per Diems in

30:17ability to use the product on a daily basis, which is probably going to be far more affordable if it's something you use all the time and in the long run. A reliable J just completed his first lap. Let's go. He is winning this He's winning this board game show tonight. Where all my people going? Come back. So, we have DiEM can also be acquired from other holders, separating the AI consumer from the person who supplied

30:50the original VVV collateral. That is the point of making the access claim transferable. This is quite interesting. So, the reoccurring credit is tied to Venice's service. It is not a claim on physical GPU, an entitlement to every AI provider's infrastructure, or a cash payment that arrives whether the holder uses AI or not. The mechanism is genuinely useful for reoccurring consumers. It becomes much less impressive if the consumer has no

31:20reoccurring consumption. And unused membership can still be expensive. Backing and releasing. So, again, we want to make sure that you understand how this works. So, you have locked, staked VVV, and that is backing remains restrictive, right? And that is backing DiEM. Once you stake it. First, you have to stake the VVV, right? But, we're talking about DiEM. So, DiEM transferable access claim.

31:49And then it goes to burn DiEM, which releases its staked VVV. So, say you got your staked VVV, that gave you DiEM, you have staked DiEM, but you want your VVV tokens back. Well, you have to unstake your DiEM, burn your DiEM, and then it'll unlock your VVV. So, selling DiEM does not release its backing. So, if you sell DiEM, well, whoever has that DiEM that you bought

32:19must have the collateral backing to the Venice token. Very interesting ecosystem dynamics, I must say. So, minting DiEM leaves the backing staked VVV locked. So, once you stake your Once you staked, you're already staked VVV, it mints you dieem. To release that backing, the mentor must burn the the dieem, right? To get back to the staked VINCE token, not the VVV,

32:50to the staked VINCE token. Then you unstake those VINCE tokens if you're trying to get all the way out of the ecosystem. If the mentor sold the dieem tokens, they must obtain enough dieem again before releasing the backed staked VINCE token. It sounds difficult, but it's really not. It's just steps, right? You have VINCE token, you stake your VINCE token. You take your staked VINCE tokens and you mint

33:16dieem. Then you stake your dieem so that you get an everyday uh credits to use the VINCE product. When you're done, you burn the die You unstake it. You burn the dieem. It'll give you back your staked VVV. You could leave it for staked VVV or you could just unstake it. It's really, really not as hard as it sounds. Struggle Heart in the house. I knew Struggle Heart would be here. Did you

33:44show up earlier, Struggle Heart? I don't think so. Because Struggle Heart is a little late, [music] I'm going to give Struggle Heart one roll. Maybe I gave you some tokens earlier. Don't worry, Reliable J. I'm just giving him one token. He's not going to He's not going to lap you. We restarted the board if you were here earlier. I don't know if you were here earlier.

34:25So, I gave you one token and you play the mini games. Now, if you want to know how to play the games, everything is in the tab in the Discord. But, if you go to look at that, let me know so I don't play the games while you're gone. Oh, you're good. Don't worry, Struggahart. All right. So, we have collateral, selling dieem, and the route back to it,

34:52which I just basically broke down you. So, the original proceeds are not proof of risk-free income. Okay? The purchase or the repurchase price can change. Current API documentation specifies that 1-day dieem unstaking cooldown and 7-day cooldown for unstaking the release of staked VVV. So, even though I explained to you the process all the way into it and all the way back, that doesn't mean you could do it in a matter of 15 minutes just because you want to get

35:20back into Venice token. [music] And they do that on purpose to slow you down. Now, you can type in that {exclamation point} roll, Struggahart. All right. So, these are access and liquidity restrictions, not price protections. Considering the distinction between retaining legal control of a position and being able to liquidate it immediately. Those are you know, those are two different things within the way the ecosystem functions, and there's

35:49probably a reason why they don't want you to immediately be able to pull out of your position. The collateral can remain yours while the route out depends on another asset, a cooldown, and a functioning contract. Selling a future service claim can monetize it. It does not make the collateral, the service obligation, or the market risk completely disappear. So, October 13th market snapshot. So, you have 1. almost 1.1 billion sir

36:22market cap, sorry. 1. Basically, let's just call it a billion. Almost 1.1 billion market cap for VVV token, which is very high, honestly. Let's toggle a game real quick. So, then you have 48.4 million circulating VVV tokens. So, we have a market cap of 1.1 billion almost, call it that, unless you just want to call it 1 billion. And then you have 48 million circulating VVV tokens.

36:58You have a current total supply of 81 million. And you have 1.8 billion displaced fully diluted value. For most people, fully diluted value is not going to be really all that important. So, adoption and the numbers that earn their place. So, Venace has a live product and published developer integration. Those are more useful signs than a road map containing the word ecosystem 11 times. That is a hilarious joke most people are not going

37:30to understand. Struggle hard, get in there. I I wonder how long higher lower gives you to do it. Oh, somebody was too slow. Let's go ahead and hit that game again. I'm going to change the time zone on them a little bit. It's like I want them to be short when everybody's here playing like earlier. But then I want them to be longer when there's not as many people.

37:58So, adoption and the numbers that earn their place. However, cumulative users, wallet holders, daily API consumers, and paying customers are different populations. Public marketing is not enough to establish reoccurring paid demand or retention. October 13th snapshot is rounded, of course. The market cap approximately 1.09 billion. Current token price multiplied by reporting circulating

38:28supply, not company revenue or money invested. Do you know your tokenomics? There you go. Let's see who wins that lucky drop. So, adoption and the numbers that earn their place. Reported circulating supply is approximately 48 million VVV tokens. The provider circulation estimate, not a guarantee that all of it is actively trading. And again, do you know your tokenomics? Fully diluted valuation is kind of like

39:04if the market [music] cap was what it was and things and then you just added all the tokens into the circulating supply. It's kind of a use- It's a useless number because by the time all the tokens were added into the supply, uh you would have probably more or less money inside the market cap, right? So, adoption [music] and the number that earns their place. The missing adoption

39:29measurements are paid retention, reoccurring API spend, and the split between paid credit use and the Daim funded [music] use. So, where is the money going? Following the money. Their absence limits certainty because we don't know. It does not justify replacing them with a zero. Business model and revenue snapshot. So, the business has two distinct economic audiences. Customers buying the service and token users acquiring reoccurring

39:58access. Purchase subscriptions and API credits create cash inflow. Daim consumption creates service demand, but does not necessarily create a new cash purchase each time. Venice still has inference, supplier, staffing, support, and reliability costs. So, Venise the product still has some things that it has to work out and be responsible for. So, the product's revenue should therefore be separated from gross profit, and the money collected is not

40:37the money left after delivering the service. What is visible is that published access mechanism mechanics, same thing. Pricing and qualifying revenue funded burn and policy. Reported by and burn activity is approximately uh 925,000 over the last 30 days. Talking about a project with a billion dollars in its market cap. DeFi Llama, which is a great place to get information about a

41:05project, labels this holder revenue. But, its methodology counts the USD value of VVV buys and burns, and excludes off-chain customer sales. This is not Venise's subscription API revenue, audited profit, or cash paid to each holder. Its accounting fields should not be treated as a complete company income statement. What is not verified for tonight is a complete current revenue statement,

41:34audited margins, paid user retention, Diem utilization, or a reconciled current period cash flow statement. This is not a declaration that those figures are poor. It's not what we're saying. This is a limit on what can responsibly conclude. A token dashboard is useful, but it is not a substitute for operating accounts. The server bill has a habit of avoiding the tokenomic diagram. Access demand. So, token value capture, three routes, three different effects.

42:10Access demand, someone values the staking benefits and or reoccurring AI access and acquires the relevant token exposure. Collateral locking, minting Diem, locks the staked VVV tokens, potentially reducing immediately available Venice token float. That restriction can reserve when Diem is burned and the backing is released. A float is how many are floating around. That makes sense.

42:42Cash funded buy and burn. So, qualifying paid activity funds market purchases of VVV token that are removed from the supply. These mechanisms cannot connect the service to the token more directly than governance rights alone. None promises None, sorry. None, none. Promises a particular market price. So, these mechanisms can connect the service to the token more directly than governance rights alone. None promises a particular

43:13market price. Utility is what a token does. Utility competes with alternative services. Locked float is not destroyed supply and repurchases compete with issuance and selling. Hopefully, you guys are understanding what I'm putting down here. So, the important analytic question is the scale and durability of each route. Not whether the diagram contains an arrow pointing towards holders. The access route and cash route can

43:43reinforce each other. They can also grow at different speeds. More AI requests are not automatically more burn eligible credit purchases because not all of them are coming from the VVV. Some of them are from subscriptions as well. We will toggle another game here. So, more AI requests are not automatically more burn eligible credit purchases. So, here is the AI access is not cash

44:17[music] income. So, here's your access route, which is stake VVV token. So, first you got to have VVV token, then you can stake them. That gives you, right, lock the staking recipient stake VVV. When you lock it up, you get dime is now minted. Then, stake it to activate credit. So, then you stake your dime. That gives you a daily API credit that is $1 per dime for Venice the product usage. It's not

44:48cash money. So, qualifying sales cash funded burn route. You have qualifying sales. So, purchase API credits and new subscriptions. They buy VVV, right, using eligible portions to purchase market off the market Venice token. Then, they burn remove purchased VVV from token supplies. So, they burn those. So, API credit purchase 5% new subscriptions $2, $5, and $10 by

45:19qualifying tier. So, it depends on the tier that they would buy. I desperately need something to drink. I'm going to roll you another game. Let me go get a water. >> Spread your love. And hear what I'm saying. Spread your love. >> All right, my apologies. Thank you everybody for your uh patience.

46:24Definitely needed something to drink. Doing a lot of talking. Try not to spill it all over myself. All right. I'll cut this out later. So, buy and burn. Venice April programmatic programmatic policy assigns a buy and burn amount to new subscriptions. $2 for Pro, $5 for Pro Plus, and $10 for Max. So, that's how much goes towards the burn. Those are purchase budgets per

47:01qualifying event, not numbers of Venice token, and not stated percentages of all subscription revenue. The July update adds $5 of every $100 of purchased API credits to the VVV burn in the buy and burn back, right? Because you have to buy it before you can burn it. A 5% purchase linked allocation. So, they have added a little bit more revenue to that bot to that buy and burn mechanism, which is

47:30cool. That the more burn the better, right? Do not silently extend these rules to every renewal, every generated response, or all company revenue. Daim funded inference is not itself a fresh paid credit purchase. The same dollar budget buys fewer tokens at a higher VVV price, and more at a lower price. So, as the price of the VVV token moves around, it's buying a certain amount of market tokens to burn based off of how

48:05much money it's buying. So, if it's buying $100, it's buying $100. If it's buying $100,000, it's buying $100,000. And that gets whatever it gets depending on the token. If the token drops $10, it's going to buy a lot more VVV. If it goes up $10, it's going to buy a lot less VVV to burn. When we look at the actual amount of tokens burned. So, a dollar denominated burn policy and a token denominated supply affect are very related, not

48:32identical. These are announced operating policies. This is what they're giving us, this is what they're telling us. Their execution and continuation needs evidence rather than being treated as immutable shareholder dividend, right? So, what we're trying to say here is immutable means unchangeable, right? Like an immutable NFT or an immutable contract. At any point, they could turn this off, they could turn it up, they could turn

49:02it down, they could do whatever they want to the buy and burn. So, you don't want to necessarily look at the buy and burn like it's going to continue forever at whatever pace it's at. That's the point that it we're trying to make there. So, we have the net supply test. How much VVV is minted minus how much is burned, that is how much your circulating supply has rather gone up or down. And we will hit

49:28another game for our game board. So, the latest dated update and current FAQ states 2 million VVV of annual emissions effective October 1st, 2026. Now, remember this project hasn't been around that long and is honestly one heck of a win. Um I'm actually really bummed that I didn't buy any. I was waiting for it to get under like $10 and I don't think it got super close. It's like $11 and

49:58something and it didn't quite go to what I wanted. And then we took off. And that happens. I was buying some other things that did hit my price ranges. It's the whole point of setting up some price ranges, right? But I still might grab some of this if it goes under like, say, 15, 16 bucks. If we get another dip here for another couple of weeks, could be a good time to

50:23buy a few things. You're not going to get the prices most likely as low as you had before. But if I could get it around 16 bucks, I think that's still going to look pretty good when it goes to 100. And I don't, personally, this is not financial advice. Personally, I don't doubt that Venus token will go to about 100 bucks before this bull run is over or somewhere close. If it goes to 85, like, whatever. If you got in at two, three bucks,

50:46you're very happy about that. So, this is an annualized issuance rate, not 2 million tokens minted in October 1st, right? So, this is how many come out over a year. 2 million V V V come out over the effect of a year from probably October 1st to the next October 1st. It is sustainably or substantially different from a launch era figure still appearing in old explanations. To determine net supply change and compare, we need the newly minted tokens minus

51:20the permanently burned ones over the same period of time. Meaning, we need to know how many are burned in a year just as much as we know 2 million are emitted into the circulating supply every year. This is what we call tokenomics. It is the economics of a token. Burns exceeding issuance indicates net contraction, aka deflation, for that period. Positive burn activity alone does not. No verified current period mint versus burn reconciliation was

51:49obtained for this build. Accordingly, tonight's description is a model targeting net deflation, not verified current net deflation. So, it's moving and doing something that could be deflationary, but is not verified as actually being net deflationary. Dollar repurchase totals, cumulative historical burns, and annualized, that means over a year emissions cannot be casually subtracted from each other. This is three different

52:19measuring tapes and one optimistic accountant. Reoccurring credit value, usage saving, not passive cash. A simple example here, two staked Daim. Well, that provides $2 of daily API credit under the publicly established allocation that you get for staking Daim. That amount can offset eligible consumption. It does not give the holder $2 that they can actually withdraw.

52:51The money goes towards the product, but you can't take that $2 and then like, you know, withdraw it and run away. So, text model charges depend on purchased input and output other than media having their own price. The same credit budget therefore buys different amounts of work across models and tasks. And a fixed dollar allowance is not a fixed amount of GPU time or guaranteed number of answers. The daily Daim allocation refreshes by each epoch,

53:26which is like a quarter but smaller. Or it could be larger. It just depends on the way that they set it up. Do not treat it as a savings account accumulation untouched cash. So, if you if you staked a bunch of Daim, right? And you are basically racking up some money. It says you got $2,000. Well, that is only money towards using VVV. So, if you have a bunch of money from staking

53:54Diem inside of that credits, you you better start using them. Otherwise, you're just going to lose them. So, purchase USD credits and renewing Diem allowance are different balances. For a real user, compare the purchase costs, expected useful consumption, and service alternative and exit risks. I asked this question earlier, but let's see if Strugglevart can answer it. What is the only token that has passed the token autopsy

54:36report or deep dives thus far? I'm going to be revealing it at the end of it because we always look at our list, right? But, if somebody can answer that, I'm going to give them a free roll on the board. So, counting the maximum theoretical allowance as realized investment yield is generous to the spreadsheet and unfair to reality. Tokenomics, mint rates, and maximum supply questions. VVV it launched with

55:08100 million tokens. Genesis supply is a historical starting point. Think of it as the token generation event. When the token came out, how many were in the max supply? It's not a hard maximum. Current supply can rise through emissions and fall through burns. The original allocation was 50% community and airdrop, 35% Venice development and growth, and 10% incentives, and 5% liquidity. The original team allocation sits within

55:39the Venice allocation. Adding it again would double the count insiders. Large historical burns include unclaimed airdrop supply. Destroying the unclaimed distribution reduces potential supply. It is not the same evidence of paid customer demand as purchasing tokens from the market. Struggle heart says, "Arbitrum it was tied at one point. We only have one number one winner. It's the only thing that has passed the

56:12token autopsy. I thought everybody would know this. Maybe everybody's not following along. I'm the one doing it, so of course I get it. I'm going to [music] I'm going to be all over it. So, Diame, the token has a separate mint rate mechanism. The amount of backing staked VVV required changes with supply. So, if more of it or less of it, that will change the supply of Diame. Because you got to burn Diame to get your staked VVV back, and if you put your staked VVV

56:39into a lockup, well, then that's how you get Diame. So, you understand. So, the latest announced 40,000 Diame target is a mint curve parameter. Not a verified live supply figure or an immutable cap that can never be surpassed. As Diame issuance grows relative to the target, minting additional Diame requires more staked VVV backing. This makes expansion progressively more expensive instead of promising a fixed exchange ratio.

57:10Changing the target changes minting economics. It does not change the stated daily allowance of existed staking Diame. So, if you have three Diame, you get $3 worth of daily use, right? You have 100, you get $100 worth of daily use. That doesn't change even though the minting of Diame does fluctuate. The distinction matters. A few a fewer amount of VVV emissions, a larger dime target, and stronger burns are different policy changes within with it have

57:42totally different effects on the tokenomics. Equity and token rights. Let's go ahead and toggle another game. If you're just hopping in, smash that like button if you're not familiar with our game, uh that's because I just launched it today. And if you would like if you're new if you're new

58:07and you just haven't been to the stream today, that's what I mean by new, and you would like one free roll, just just pop in the chat. I'll give [music] you one free roll. Struggle Heart's going to get this one. All right, equity and token rights. Company equity, 65 million. Series A financed the company, not the VVV token holders. So, 65 million in a Series A funding round was financing the company, not the token holders. Reported token

58:41terms, 1.5 million finished token vesting grant. Warrants to purchase 5 million more. >> [music] >> Warrants are not circulating VVV tokens. Unlocks, concentration, and effective float. Again, float are tokens that are out there floating around, circulating. Initially, initial allocation percentages cannot tell us who controls the current market. Airdrops, claims, burns, transfers,

59:11treasury activity, and staking have changed the picture since the launch or the token generation event. The original launch describes [music] team vesting. An old schedule should not be presented as today's remaining locked balance without checking the relevant wallets and contracts. There is also later investor arrangement to track. The Blocks July funding report attributing the terms of Vorhee So, two Vorhee, right?

59:45describes a 1.5 million VVV vesting grant and warrants to purchase another 5 million VVV within 1 year lock followed by 3 year linear investing or vesting. That means tokens coming out into the circulating supply or being unlocked for them. These are reported deal terms and independently reconstructed vesting contract schedules, right? A grant supplies tokens. A warrant is a right to purchase under an agreed term, usually at an agreed price. Do not count the

1:00:17full warrant amount as already liquid or already in the circulating supply. Assuming it necessarily creates new tokens or confuse the company's later capital raise with a token pre-sale at launch. Separate three kinds of these restrictions. You have vesting, which is where recipients tokens become transferable according to a schedule. So, it's like they bought them. And then they get them when they at the time that was agreed upon. They don't

1:00:46usually get them immediately. Sometimes they do, sometimes they don't. That's completely up to the project and how they do their vesting. Which vesting is tokens coming out into minted on chain or circulation. Supply. Ordinary staking tokens can leave through the staking exit process. And then you have Diene backing, which is releasing the staked VVV. Additionally requires burning the corresponding Diene. Hopefully, you've

1:01:11understood how the relationship between the Venus token, staking the Venus token, taking your staked Venus token tokens can't drink enough water and lock them up. When you do that, that will mint dime. Then you stake your dime, and that will give you daily allowance to use the Venice product, which is basically an AI chatbot and some APIs. Then,

1:01:38if you want to get out of it, I'm just going to explain it one more time, you unstake your dime, burn your dime, that will unlock your staked VVV, and then you can unstake it and have your regular Venice tokens, if that's what you would like to do. Reported circulation is also not the same as effective float. Tokens actually available to trade at prevailing prices. A low float can amplify both buying and

1:02:06selling. A current independently labeled beneficial ownership breakdown was not verified. Treasury, exchange, contract, and customer custody addresses should not be treated as interchangeable whales, right? If an exchange has a bunch of VVV, it's not the same as a whale, somebody with millions of dollars who just bought a bunch, and they could do whatever they want with it at any time. An exchange is custodying coins for

1:02:32people on the exchange. That is not the same thing, although the wallets may look like similar amounts of money, or similar amounts of token. One wallet can represent many people. One person can operate many wallets, and blockchain accounting remains irritatingly resistant to convenient shortcuts. No shortcuts there. And we'll go to the V2 bubble map, right? And the V2 bubble map should tell us

1:03:04what the percentages of holdings are. And a lot of times exchange wallets will be labeled as exchange wallets. So, Venice identifies Erik Voorhees as founder and CEO, and Jess Proudman as co-founder, president, and CTO. This is who is behind it, right? Team governance and execution. Their previous work include ShapeShift and cloud technology businesses. That is relevant operating experience, not an

1:03:37example exempting them from scrutiny. So, we're saying, "Hey, they got some They got some skin in the game when it comes to a few of these things, especially cloud technology and stuff like that." But, that doesn't mean they have a ton of skin in the game when it comes to, you guessed it, blockchain. So, the original Venice token launch explicitly described no token governance. No verified token holder

1:04:06rights to company equity, cash distribution, or control over the service was established in tonight's research. So, I didn't say that. If you say that I said that, you're making it up. The company success and token holder rights therefore need separate treatment. Official FAQs describe uh the Venice token ownership through staking contracts and administrative controls through a safe multi-sig, including a contract upgrade

1:04:33path. And I'm going to see if I can write this in a way that comes off a little less technical, helps people understand. So, these are Venice's published explanation. Signer threshold and a fully developed control path were not established, were not independently reconstructed here. A multi-sig can reduce signal key failure risk. That's where you need multiple signatures to actually submit a proposal. It does not

1:05:00turn an operator-managed AI service into a permissionless DAO. Good execution includes reliable service and honest disclosure of who can change what. What can the government and team actually do? Competitive mode. So, this is really interesting because if you're new to AI, maybe you don't realize how heavy competition is in the AI space. It is intense. But maybe not in blockchain. So,

1:05:28Venice's plausible advantages are privacy-orientated positioning. This is what it does right. Privacy-orientated positioning, which I don't think you get anywhere else. Coherent multimodal interface, developer integrations, and transferable reoccurring access model. Together, they can reduce friction for people who want different relationships with an AI provider. The limitations are equally important.

1:05:58Access to widely available models is not an exclusive model ownership, and competitors can offer routing APIs and privacy features. Compatible interface is lower integration efforts, but they can also make switching much easier. The tokenized access model adds differentiation. Differentiation. I don't know why I can't say that word right now. I need to drink some more water.

1:06:24I don't know why this fan is kicking in here. All right. So, a competitor does not necessarily need a token to satisfy the customer's underlying need. The moat would strengthen with durable retention. The moat is its ability to fend off its competitors. That would become stronger if there was more durable retention here. Reliable low-cost delivery and meaningful ecosystem integrations and service

1:06:52quality that is difficult to replace. Another thing is that AI, if you use ChatGPT, Claude, or any of the other ones, Grok, they're always adding stuff. Like they are evolving every day. It's almost to the point where the AI itself is adding things, right? So, we need these people who are delivering the actual AI, they need to be able to keep up and not be left behind or maybe even get ahead

1:07:20or offer services that are not offered. Things like video generation. I think Grok Bot might be the only one really doing that right now. And not Grok Bot, but actual Grok, which is a part of X or Twitter or whatever you want to call it. It would weaken the moat. Their ability to fend off their competitors would weaken if most demand is temporarily or temporary tokens excitement. Temporarily temporary excitement. Man, I cannot

1:07:50talk. Or if access becomes materially less competitive. So, basically, it's got to hold in there against all of its competitors and it is a big deal. Let me toggle another game. So, the investment argument cannot be, well, AI exists and Venice has a token. Other people have noticed AI. Some of them even own servers. So, it can't just be because it's AI, it's going to do well. That would [music] probably not be a good conclusion. There are several

1:08:22security layers here. You have base execution, VVV staking, diamond minting and redemption, administrative keys, account access, and inference infrastructure. There's a lot going on when we analyze security and decentralization. Correct settlement does not guarantee that an AI provider stays online, preserves a model, or maintains price, or honors every request that is used. So, privacy promises likewise requires

1:08:53scrutiny of the selected runtime and the client implementation. Just cuz it is one day one way doesn't mean tomorrow it'll have to be the same. For tonight, a complete independent audit package covering the current VVV to Dai in deployment and privacy architecture, it wasn't verified. This is not a claim that no audit has ever occurred. We're saying we don't have an audit. I don't have access or knowledge of any audits that's happened.

1:09:20The launch article bear audit label is not adequate proof of scope, version, finding, and remediation because whatever they build or implemented or have going on now is not what was audited way back then. You almost need constant audits and audit updates to be up-to-date on an audit. The next evidence should not identify auditors, reviewed commits, deployed addresses, unresolved findings, upgrade authority, or independent privacy verification.

1:09:49This is a tech project, so if it feels heavy, well, that's why. Published code and multi-sig are useful. Neither is a spell that makes vulnerabilities socially awkward enough to just leave. Try to throw a little bit of humor in there for you. A VVV holder depends on liquid markets for exit. A Dai in back position may also depend on access to enough Dai in to release that backing. These are dependencies, market liquidity, and the

1:10:20route out. >> [music] >> Reported trading volume is not the same as executable market depth or liquidity at size someone wants to sell. It has to be there. If you want to sell, there needs to be a buy on the other side unless you're using an exchange. A service user depends on Venice. In some exchanges, you still need it. A service user, well, they depend on Venice, the project, its suppliers,

1:10:46account access, and continuing availability of sustainable models. A tradeable token can remain transferable while its associated service becomes less useful. Venice's service terms allow changes to price and the credit system. It does not guarantee continued access to any particular model. That is an important limitation on interpreting perpetual access. Base balance, Diem redemption, and

1:11:17Venice account credits are separate pieces of the exit problem. And I think we've done a good job tonight of kind of laying out all the different things in the ecosystem, what they do, where they go, how they're connected or how they're not connected. I [music] hope you've been able to follow along and really understand that because that is really key to the ecosystem of Venice. So, they should not be bundled into

1:11:42liquidity is fine because the market page shows a daily volume number. Ownership of a token and uninterrupted access to commercially operated services are two different promises. So, we have treasury and financial sustainability. All right, let me bounce back. I'm just seeing what we were getting into here. We're going to take a breath of fresh air for a second, take a pause. Go back to our news. How's everybody

1:12:21doing? Let's toggle a another game. And in the Discord, feel free to drop me some other ideas for games that you would like to see. So, Sui Foundation is putting 30 million into data network. And data is abandoning its own chain. So, what is data? So, the Sui Foundation is investing 30 million into data network, the AI training data protocol. But, the

1:13:07interesting part isn't simply the investment. Data plans to retire its independent blockchain and become a protocol running natively on Sui. I think that's a win for Sui. While integrating with Sui's decentralized storage platform, Walrus, one of the biggest products or projects on the Sui ecosystem as of right now. That decision fits a broader question we talked about with layer two shutdowns. Does every crypto project

1:13:37actually need its own blockchain? Operating a separate chain means maintaining things like validators, security, liquidity, bridges, wallets, and developer infrastructure. Data is effectively deciding that its actual product, AI AI data infrastructure, matters more than owning its own sovereign chain. So, this is another sign that every project doesn't need its own chain.

1:14:04And that era may be reversing. Some applications are deciding it's smarter to inherit an established network security and liquidity, aka why most things are on Ethereum. In our next story, Interactive Brokers now let customers stake Ethereum directly through their brokerage account. Is this good for Ethereum? We'll let you know in just a minute. We have a token autopsy to continue. Did I miss anything in the chat? No, I

1:14:38don't think so. All right. I hope everybody's ready to raise that crypto IQ. It's like going to school. And may the person who understands this space best win. Or at least be a good speculator in the market. Treasury and financial sustainability. So, the important sustainability question is whether paying demand

1:15:12and operator resources can support ongoing inference, development and access obligations without depending on continuously rising token prices. Kind of like a pyramid scheme where you got to have more people coming in to keep the people in the beginning paid and then the new people coming in so they can get paid. It's like at some point people stop coming in. >> [music] >> I'm not saying that it is a pyramid

1:15:33scheme. I'm just saying that obligations without depending on continuous rising token price. It's a similar idea. Can it do it? Can it be sustainable on its own? So, Venice announced a $65 million Series A on July 1st led by Dragonfly, a venture capitalist. That is company financing, not revenue from servicing customers or distribution to VVB holders. So, the $65 million series, probably funding round by

1:16:04Dragonfly, is money going to Venice treasury as a project or a company. Has nothing to do with revenue for Venice token holders. And you as a Venice token holder have no claim to any of the money that is in the treasury over at Venice. And you don't have any governance with the token either. So, you don't even have a way to even kind of affect it. It is evidence of additional funding capacity at the time of the raise.

1:16:39It does not establish the cash remaining today. And another thing to say is it is a good thing probably that they get that 65 million because it keeps them running, keeps them building, and creating a better product so that your Venus token can have more exposure and exist later on. A token treasury is an asset exposure. Not the same as a cash runway. It's quoted value may not be realized without affecting the market. If that makes sense. You would affect

1:17:08the market if they realized if they sold. So if you have so many tokens, this is just to make it simple. If you have so many tokens in a treasury and we say they're worth a billion dollars. It's an example. But if the treasury wants to have a billion dollars, it would need to sell all those tokens. If it does that, that is going to greatly affect the market. Imagine the market cap of that token is 1.1 billion or 1.2

1:17:37billion. If you sell a billion, you only have that point two left. It's not very much. So rewards created through issuance are not fresh operating cash either. Diem can make customer access predictable, but the provider's delivery cost remains a variable. Higher utilization can mean heavier cost before it means more purchase credits or subscriptions. Lower inference costs help margins, while competitors may also pass those

1:18:09savings to customers. Not verified current cash runway, supplier cost schedule, or comprehensive Diem obligations analysis was obtained. We therefore cannot responsibly declare the reoccurring access model fully funded or eliminate unlimited horizon, right? And we're talking a lot too about subsidy. Remember, we talk a lot about heavy tech in its early days, whether it's robotics, AI, whatever. We talked about it with Tao. We talked about it

1:18:44with all kinds of different things. The ecosystem, the project, the treasury, whatever. A lot of times it subsidizes people to come in and grow. It gives them the ability. It gives them grants. It gives them, you know, credits. It gives them whatever, the ability to be there and it helps pay for it because it knows how expensive it is. But that kind of subsidy can never go on forever because money runs out. And if enough money is being made to

1:19:12keep up with it, then it's not really subsidizing. It's paying for itself. So the useful evidence here is an operating explanation supported by actual cost and demand. The treasury is valuable. It is not an electricity payment plan. And remember, resources are very expensive. So the whole investment case is not useful access, right? The reported market capitalization value

1:19:42circulating VVV. It is not Venise's equity valuation and should not be divided by a guessed revenue number to produce a professional-looking fiction. The July financing announcement valued the company at about a billion dollars. That is a historical private financing valuation for a company's equity, not the current VVV market cap. For a service user, the calculation is capital committed versus useful access

1:20:15saved. Adjusted for token volatility, foregone alternatives, and the route out. Now, it's only going to matter to a handful of people. So we're going to move through this pretty quickly cuz we got a lot of slides here. Let's get into catalysts and evidence required because, well, I really like catalyst because it's talking about its ability to move forward into the future. So, the recent emission reduction

1:20:42verify that the announced lower rate is reflected in the deployed contract and continues to improve net supply outcome, not merely the annualized headline. Burning policy execution is highly important. So, reconcile qualified or qualifying paid activity with actual purchases and permit VVV removal. Keep purchases funded, burn separate from historical unclaimed allocation burns. We have agents and developers using Venice published tools including wallet

1:21:16linked inference in [music] X402 protocol. In this setting, X402 is a payment authentication authen- auth- authen- authentication. Isn't that fun? Isn't it fun to say things when you're really tired online? Um [music] yeah, authentication. I can say it. Integration for automated clients. It is not a new blockchain or proof that every agent buys VBV token. So, now we're

1:21:43talking about AI agents and the developers and their issuance or use of Venice project and the published tools, right? X402 protocol is >> [music] >> micropayments for AI agents. Only pay for what you use. The Venice's implementation, >> [music] >> a wallet authenticates with a signed message and uses a prepaid balance to pay for requests. Linked accounts can

1:22:10spend I am backed credits first. If you can't tell, Woo. It's a lot of talking. This This had a lot of slides in it tonight. This reduces account API key friction in automated applications, but a payment option is not mandatory VVV demand. At some point this will all be accessible to you. So here's where we get to the fun stuff, right? Let me throw another game for our board.

1:22:45So we have the bull case, the base or in the middle, and the bear case. This is where we start getting we're wrapping this up, right? And then we're giving you kind of what you need to know. If you didn't a lot of this was very technical, it's AI and stuff like that. A lot of tokenomics. If you didn't get a lot of this, this is your point where you can understand a lot more what we're talking about without

1:23:06understanding all the technical stuff we just went over. But I got to be thorough, right? Bull case. Venice retains paying users. It's a useful product. This is a bull case. Serves reoccurring customers competitively, wins over its competitors, and attracts useful developer demand. Developers want to build here. That would be the bull case.

1:23:30Diim, the other token associated here, remains valuable to real customers and consumers. While demonstrated cash-funded burns become materially relative to the issuance that is coming out. Transparency improves enough to judge the economics rather than infer them. This is our main problem in this token autopsy tonight is that transparency is not enough that we can really judge every little detail. Some of it has to

1:24:00be somewhat inferred and we don't like to make stuff up. We like to stay very neutral. So therefore, we just say we don't know. Base case, right? The neutral case. Venice remains a useful niche product with distinctive access models. VVV benefits from some utility demand and burns, but incomplete operating disclosure and competitive and competition, right? Keep the investment argument conditional on some different

1:24:31conditions. The bear case, of course, is AI consumption fails to translate into sufficiently or sufficient paying demand. Supplier cost or restrictions weaken the service or token pricing outruns the economic benefits. So, dying back positions become awkward to unwind. A mission exceed burn or administrative contract risk cause loss. There are conditional paths, not a sign probabilities. No scenario is a price

1:25:02prediction. The bull case needs several things to work together. AI is popular does not cover the entire application form. So, there we just told you what would be [music] the thing you need to look for and see for something to be extremely bullish. We told you what is kind of neutral and maybe more likely to happen if we don't get a lot of excitement around not just AI, but decentralized AI. And then we told you the bear case,

1:25:28what to look for if >> [music] >> it's really not going well. And a lot of it will kind of rely on the market. And again, just to recap, we will do the red the green flags and the red flags. It's basically what they do well and what they are not doing well. So, it identifiable live service rather than utility postponed to a future road map.

1:25:51So, they have an actual thing you can use now, not somewhere in a future road map, they're going to do something cool and you're still waiting for it. They're doing that right. A concrete reoccurring access mechanism would separate transferable claims, publish purchased funded burn channels, and reduced announced emissions, clearer technical documentation distinguishing privacy models and the token roles. But, what are the red flags and limitations?

1:26:20Well, operators and suppliers, dependency beneath the perpetual access language. It's kind of technical, [music] I understand. Raise that crypto IQ, I tell you. Ongoing issuance without a fixed final VVV token ceiling and collateral release that can require reoccurring a second market access. Unverified current net deflation. Operating margins, ownership concentration, and complete current

1:26:49audit coverage. The evidence [music] that could change the judgment. Same period meant burn ledger, reoccurring paid retention, supplier economics is things that we need to see. Diems utilization, a current wallet control map, and independently verifiable audit package. I'm going to need to plug this into V2 bubbles, right? All right. So, Monday we went over mega ETH, right? Tonight we're going over VVV

1:27:18Venice token. Let's get to our score. And our score tonight is a 70 out of 100. Which so far in our token autopsies that we've done so far is not really that bad of a score. Of course, anything that's 80 and above gets a pass. And a lot of things have gotten 70 and above. This is the breakdown.

1:27:47We use the same categories every time. Utility and adoption got a 17 out of 20. That's pretty good. Token value capture a 15 out of 20, that's like a 75%. It's not bad. Tokenomics and supply, 10 out of 15. Competitive moat, can it beat its competitors? 10 out of 15. Security and decentralization, 6 out of 10. Catalyst and execution, 7 out of 10. And risks and unanswered questions five out of 10. 70 lands it on the watch list.

1:28:21Higher points and risks unanswered question means fewer or better controlled unresolved risks. We need to know what's going on there. And then there's a breakdown of everything and all of this, including this slide, is going to be organized for you inside of the discord at some point in the near future. I had a child recently, so I've been a little bit behind on that, but I took the time to do something that I have

1:28:49been meaning to do on this channel for a long time. A long time. And that's build this game show built into our channel. Tonight was the first night that I rolled it out. Of course, for some reason there was a lot of people missing tonight. I know where Melissa is, she's working. Blues Guy, I think he's actually working as well. Um I appreciate Struggling Heart, Reliable

1:29:16J, CCP holding me down. I hope you guys really enjoyed uh this board game. No, I'm not hopping off right this second, so don't feel like you got to run off. Um I asked many, many times, "What is the only token that is past the token autopsy report?" I may ask this again at another at another point in time. It's on the board if you would like to see what the number one and only token that has passed so far

1:29:42is. And then we'll go down. And here's where VVV lands itself, right? We've got a few that got a 70, right? Who else has a 70? Oh, it's just the two. File got a 71. And then you just keep going. And we are done with this. At this is just going to get into probably a lot of sources and stuff like that. We don't necessarily need to go into that.

1:30:18And I will tell you Ooh. That was a lot. Usually it's like 140, 150 slides. It was 224 slides tonight. That's a lot. So follow me Underground Crypto or Crypto Ron over on Twitter as I continue to just post tons of stories and a call for you guys who don't watch

1:30:55my little posts here. I know it's AI, but it's it's nice cuz it's going over VVV, right? So can you really hate AI if you're invested in it? I don't know. Struggle Heart says Ave, no way. Yeah, Ave is the only thing that is passed. I'm definitely going to add some more mini games here, right? All right. So let's see what stories I posted about today. So nothing says equity yield like

1:32:05Dfy Dow writing USDC checks so that Nvidia can sit as collateral. Aave flipped on incentives today for Coinbase tokenized stocks on base. Mag 7 on chain, Apple, Amazon, Google, Meta, yada yada yada. Collateral only, you borrow USDC and the stocks themselves aren't borrowable. Eligible non-US wallets only. Native supply APY. So, this is all about that. If you want to know more about it,

1:32:39you come read it over here. Biggest expansion of the year, priced in dollars, Gods is on the checkout page as a courtesy. And this is pretty interesting, right? Gods Unchained reckoning is live. 87 cards, first set sold as sealed NFTs. Packs you can hold, trade, or open later. Sales through November 10th. Boosters are $1.99, premiums $20 get you an epic and legend guarantee, $200 for a shiny, $250 for a mega shiny. No

1:33:18mythics. 12 art variants. It's interesting. If you if you deal a lot with Gods Unchained. I know some people are into it. Then we have free to play farming game. The land starts with one Ethereum. Feudalism keeps finding new chains. This is hilarious. Uh yield I I thought I was funny. Uh yield fields Scarwie's Farm Sim on Robinhood chain opens its public Dutch auction for

1:33:49founding deeds today at 2:00 p.m. And of course I posted that 11 hours ago. So, I'm trying to keep you guys updated. I'm working all over the place. I post here, I post on Instagram, I post on Facebook, I post different news to the Discord that I don't post anywhere else. Let's go take a look at that real quick cuz I feel like a lot of people are sleeping on that and I don't know what that's about.

1:34:20First and foremost, in our free Discord, which is linked down in the description, let's toggle another game real quick. Oh, that's hilarious. I'm on the wrong account. If you didn't know the Thrifting Ron is me, uh that is a YouTube which I'm actually starting to use again. I I started it, barely did anything with it, and now I am I'm getting back into it. But I actually need to toggle another

1:34:48game for everybody. I'm going to have something that does it automatically tomorrow. I'm like, I am the developer now. I am the captain now. All right. So, now we're over here and the bottom tab in the Discord is board game commands. This is where you have how to play um all the different games, what they are, and how they work. And then of course a simplified how to

1:35:14play, right? And again, I will be giving away $10 in whatever cryptocurrency you would like to the winner tonight. So, we got the main hangout, but if you go three down to the DeFi Hangout, you will see where I post all kinds of DeFi related news. And if you ask me, I think that the news is good. Here's another post about Gods Unchained. But that was made a couple of days, not

1:35:48today, right? So, Candy generated Solana wallet for its fan. Someone has been emptying them. It's very interesting. So, from about 7:00 p.m. October 11th, Solana flowed out of roughly a 1,500 Candy provided wallets into one address. On chain that count is about 1,547 transfers and about 426 SOL. Candy locked its site and told users to move funds to a brand new wallet. CEO Tad

1:36:23Smith added, "Also empty your Phantom wallets." Cause still unknown, still undisclosed. Candy says it's preparing reimbursements and has frozen minted NFTs so nobody can transfer or sell them. Overnight, exactly 420 SOL moved on on from collector's addresses. So, it's gone as far as we know and they might reimburse you, but you if you've been in this space for a while, you know how reimbursements go, right?

1:36:54I think my microphone is like so far away. Hopefully I didn't just break it when I moved it. All right, it's still working. What other games can you guys think about for our for our board here? Or spaces on the board that we could add things. Has anybody hit the wheel yet? I am uh I'm a little burnt on on reading, to be

1:37:39honest. Yakamoz came out today, right? So, this should be over, right? No, you still can tap the egg, huh? We need to do our post on X. Close that. Ooh, did I just do that? Dang it. What is it? Control or H? Uh, how do I get that back? There it is. There we go. What I wanted to do mess with was um

1:38:27Kendra has so much stuff going on. Dude, the Ronin check-in. I assume the Ronin check-in would be on the Ronin wallet. I'll do that later. I don't know why I'm doing this right now. I wanted to mess with some play Kendra. Cuz it has so much stuff going on. There's Melissa. Melissa, welcome in. Let me gift you some tokens. Cuz reliable J is so far ahead, there's

1:39:01no catching him. I got to remember my own commands. I'm going to give you two tokens. So, you all you have to do is type in {exclamation} {point} roll. {exclamation} {point} pretty much goes >> [clears throat and cough] >> in front of any command, basically. Stryker Heart typed in {exclamation} {point} wheel. Uh, that's not a command yet, but one day, one day it could be.

1:39:51Welcome in, Melissa. I'm sure you're still probably working or maybe you're on your way home. I hope you like our new digital board game. I hope you saw it in the Discord. I posted about it quite a bit. I feel like you probably did. And when I hit {exclamation point} wild, it will randomly put a game. We have five different games. All that information is in a tab [music] at the bottom of the Discord.

1:40:23I I know you'll go look at it if you haven't already. Uh, what do we normally use here? My brain is not working today. Is it a rabby wallet? I don't know if you could put both, Strigaheart. Melissa says, "I'm home and in bed." Hey, good for you. It's not a bad place to be, I tell you. And now we're done with the token autopsy report. It was heavy.

1:41:04It was a lot about how the ecosystem works in Venice, right? And now I really understand it very well. Maybe you do, maybe you paid attention, maybe you didn't. But it'll forever be here on the internet, even all of my mess-ups. We had a very long beginning before we got into it, though. So, I'll be cutting that off.

1:41:32Where do I go into the Mario Party thing? I want going that out. Suddenly, there is a lot more to do on here. I like how you can be on your mount even in in here. It's pretty great. So, we have bull run. I don't think bull run is the party, though. And you'll see your little character go around. And if you type something

1:42:03First, you have to type in {exclamation point} peace, and then you can put the custom emojis that we have for the channel or any other emoji, right? And it will change your piece on the board. Otherwise, you automatically get whatever your picture is on YouTube. And if you don't have one, it'll probably just give you an abbreviation, right? So, you'll see now on the board that my piece has changed. Now, let's see if anybody else is

1:42:39playing this tonight. And a bot will fill all the empty places. So, only that they had like a Mario Party thing. I Where is that at? We're going to be going over and playing this a lot more. By Friday, I think that Iron Clad, the Panzer Dog like tank game remake, will be out. I think I kind of figured this game out a little bit. Stay all the way to the outside. Come in.

1:43:18Oh, I've never missed that before. That sucks. Thought I had some kind of goated ability here. Oh, I got hit by that thing. At least a few other people did. Just barely got in seventh. Let's go. Should I go ahead and put exclamation point bed? Now that's funny. Rigged. He's going ham with these commands. I'm going to have to make you your own commands. All

1:43:48right, he said that he fixed this exploit in here. Oh, he didn't fix it. I'm off. Why isn't anybody else doing that? I don't understand. I won. Probably cuz they're bots and they can't think for themselves. In the Kendra studio. Screen isn't on the game. Hiya. Why would I do that to you guys? I'm probably not on the screen, so I'm

1:44:21probably about to get cooked. All right, what are we looking for? This is an interesting game for sure. Uh, who's right, who's wrong? All right, cool. I go where everybody else goes. I I can't remember. I never can remember the board. This game is actually really hard. There we go. Like get me in there. How many more rounds of this do we have

1:45:18to do? I didn't even look at the board. Oh, we all got wiped. Dang, they got us. Once you go Oh, wait. Somehow I How am I still in here? I don't even know how I'm still in this. Time in that jump. Oh, I can fall in the water? Didn't even think about that. And it randomly generates me right in front of everything. I'd almost rather be started at the

1:45:58beginning, to be honest with you. Look at my little feet go. Like my little feet, they be just going. I don't know if I've ever jumped over anything ever in this game. Dang, he won. That bot. [music] >> Let me tell my grok bot something. I need it to build it. I won't be able to probably put it in yet. So, I need something that automatically

1:47:36generates the games or puts that {exclamation point} wild in every 3 minutes and 1 second. Because if I'm reading things on screen, it's very hard to do. I will implement those things in later. Have a good one, Melissa. Got to be up early, got to be responsible, right? Have a good night. Here, let's leave this. And get out of this.

1:48:25And there's a bunch of other games, too. If you go to their actual website, I still have that up, actually. Let's see. What was my favorite game? Probably that one where you got to cut everything down. Oh, Kindred party, isn't that it? It's like Mario Party. Bye, Melissa. Have a good time. Getting some rest. I don't know why I said have a good time. Uh,

1:48:54let's pivot. Pivot. Pivot. Uh, let's go to play. I don't want to know how to play. I just want to play. Start now. This looks super dope. This is like what I wish my game looked like inside of the stream, but there's no way we could have this. Uh, what am I doing? So you can spend gold in here to try to get an advantage. This is dope. It's like Mario Party. You

1:49:46move across a map and then there should be like a little mini-game that gets toggled. Yeah, spotlight. Catch all three of the spotlights. Oh, wait. I'm the spotlight? I'm so confused. I'm like I control the spotlight. Oh, but I have to be able to get them. Oh, they stay in the shadow. Okay, this game seems almost impossible. This one dude, he didn't even move. >> [cough and clears throat]

1:50:38>> I'm using a double roll. Somehow I got 19. Do I like buy them like it's Monopoly? I like how I'm playing a game and there's a game overlaid on top of the game inside the stream. Fuse tag, don't hold the bomb when it lands. Uh what? Oh, he's trying to tag me, huh? Oh, I thought the timer Wait a second. I thought the timer was when the bomb exploded. The bomb just explodes randomly. I was

1:51:41trying to hold it until the timer got low and then just tag somebody and run away. Apparently, they thought of that, huh? So, am I like out or am I still in? Whoever Baron is, they got the crown. It's very interesting. I don't even know what's going on. I didn't read the thing. I just jumped off the side. Oh, you're trying to knock them off. Think I'm too

1:52:46tired for this right now. So, I'm going to go ahead and implement a couple of things for the game here. >> in the background while this plays. Compile, save and compile. Go into commands. Enable sources. We're just chilling right now. I'm working on the game that we have in it like an announcement winner kind of thing. It

1:54:04announces a winner. Put in our overlay zip package. I'm trying to remember how to do this overlay zip package. Into Okay, yeah, you have to extract it into the board. Yes. And then we have to go into board. Documents, overlay package, extract all. Browse. Put it into

1:55:05board select forwarder extract replace files Okay, all that's done. I feel like a developer, but I know that this is nothing like what a developer actually does. And replace the cache on the board. All right, if for any reason this messes up, reliable J, you you've effectively won. So, let's put this command in. board. And it'll say who's winning right here, right now. I don't think when I

1:55:41re- refresh it. So, reliable J is on his second lap. 20 spots. Struggle heart is on lap one. And Melissa was on lap zero. ICP, and then of course myself. It's going to be a lot of fun when we have a lot of people playing. It's going to be super dope. All right, so when I refresh the cache here hopefully it doesn't hurt anything. Seems like everything's still where it's

1:56:25supposed to be. I'm just working on the game in the background. Not actually playing this. It's just on screen. You'll see why in a second. All right, so that's done. Now we need to import auto wild. I'm just talking out loud. I don't know why. But so you know what the heck is going on. Just working on the streamer bot in the background. Let's go ahead and open this new file.

1:57:00Copy it. Go to our streamer bot. Cuz I can add stuff while we're live. It's actually pretty cool. Uh paste. Import. Enable, turn off Twitch, turn on YouTube. Go to actions, find auto wild. Actually, compile,

1:57:42save compile. And UGC's auto wild CMD. Compile, save and compile. Command is turned on. Now create the timer. Go to settings, timed action. And add one named UGC auto wild timer. Set the interval to 181 seconds and tick both repeat and enable. Well, that sounds really complicated. Let me toggle another game here. I'm trying to implement the thing that will

1:58:57automatically toggle the games. Then we can add some more games. That would be a lot of fun. I don't even know if I'm in this game anymore. I don't think so. I think I've been kicked out. Or it's just moving for me automatically. I got eight gold. Oh, Kendra vault. Okay, I guess that is where I get out.

2:00:07Go into our market, sell. Get to that in a minute. Let me finish setting this up. All right, did that. Go to settings and timed action. Settings. >> timed actions tab. No idea where that is. Actions. Pending actions, queued actions. I do not see a timed action. My idea is to actually make

2:01:45That's why we're going to run the timer every 3 minutes and 1 second to avoid that. I think every 3 minutes is good for a wild game anyways. Or for a game to be triggered. My problem is I don't see any timed action. Maybe you could figure out where it is. >> Then right click trigger box, go to core scheduled timed action. Okay. core Right click in the trigger box. add

2:03:12timed action Then click create timer. Name it whatever this is. Honestly, it's pretty fun messing with this streamer bot. I'm not going to lie. And set the interval to 181 ticks. Interval to 181, tick enable and repeat. I'm going to have this rolled out in just a second. Tick enable and repeat. I've been learning so much about streamer bot. It's a lot of fun.

2:04:29Leave the line at zero, click okay, save the timer, click okay to save the trigger. Okay. Now it's in there. So I'll be able to turn this on and off when I want to, right? I think we got it pretty much implemented. Just need to go compile it, right? Save and compile. Save everything across the board.

2:05:13We should have it running. Yes, just type {exclamation} point auto wild. [music] on and off. Okay, cool. So I think we got it. I know that took a second. It was fun. But let's do {exclamation} auto wild on. I don't know if I was supposed to put a

2:05:36space in between it. Let me see. Maybe I wasn't. No, it was supposed to be without a space. There we go. There we go. Cool. Nice. So now it will automatically play even while I'm playing some games. It's pretty cool. All right, what do I got to do? I think I need to go sell some stuff in the market.

2:06:54And we will see in a little bit who is the winner and who wins that free $10 in cryptocurrency. Yeah, I definitely don't have enough stuff. I need to run around and kill some of these bosses. That's what I need to do. Project eliminate all bosses is a go. It's pretty dope. I was just realizing like I could like turn this game on

2:07:46and have like a reoccurring video and then it could just play and also like dish out prizes. That would be pretty sick, I must say. I just got some really interesting ideas for this board game. Then make it like to make the board game like reset every 2 hours and kick out a reward like $10. That would be pretty dope. I don't know how that would work, but it'd be very interesting.

2:08:51I'm so confused. It says auto wild off. Games are back to manual. Bear market. What? I had to screenshot this and send it to my bot. Like, why did it do this? I'm going to turn it back on, obviously, but that was weird. So strange. Let me send that screenshot into the bot and ask it why it did that.

2:09:45Why did this randomly just turn off and then say something about a bear market? It'll pop back with an answer for me in a moment. We've still got to take down all these bosses and sell, get us some gold. >> Yeah, I got to figure out why that just turned off even though I definitely did not turn it off. So, very weird. That's weird. It just turned itself on and I I did not turn it on. Oh yeah, I had it set up to turn on, but

2:11:20I didn't turn it on. I talked to this bot. And now it just auto turned on. Is it just turning on and off every 381 seconds? 3 minutes and 1 second? All right, open the UC auto wild CMD. If the trigger is there and delete it. Delete trigger. Yes. I think we added it in the wrong place. Let's open the other one. Add

2:12:19core time action. Add the same timer. Got to fix [music] it. Sometimes does screwy things. That was fun though. Create a timer, give it this name, enable and repeat 181. So this is seconds. Actually, I want it to be Yeah, 181. That's fine. Okay.

2:13:02Okay. All right, so that's in there. All right, so now this thing should work properly. Or was it already on? I'm not sure. And now we've turned into a gaming stream. Just cuz I wanted to extend a little bit and actually fix couple of things. That's cool. And that's about how long it took me to basically add in some extra things. So I think we're going to do some more games. I

2:13:55want to have like a good 15-20 different games. Oh, there's no boss here? Let's go play a round of Kindred card. That'll be fun. Then I'm going hop off. I want to play the deep forest. It did not turn on properly the last time. So again, I would love to hear your feedback about the game, anything you'd like me to implement, specifically

2:14:43the triggers on the board could be more interesting and have more of them and do different things and then also the mini games. We got to get some more mini games. If I go ahead and trigger board right now, that will show us the board. And as soon as I'm done with this Kendrick heart round, we're going to do

2:15:19the winner and I had just at the end of this I had also just added a thing for the winners. So it like comes up pretty cool on the screen and that kind of thing, right? I'm really looking forward to all the different things I'm going to be able to build here. It's nice that the the track is finally working here. Oof, I don't really want to hit that guy. Oh, there's a trident now?

2:15:48Tridents are fire. Do do do do. Nice. Now I understand when the track didn't load in why I was so confused. And the game runs on auto. Absolute genius. I've been wanting to build this board game for such a long time. This explains why when this track didn't load right, I was so confused. I was like always randomly getting hit by something and I couldn't figure out what

2:16:26the heck it was. And having five games gets a little repetitive. I think I'm going to try to have like 10 games, five more games by tomorrow. I'd like there to be like a lot of games to the point where like it feels fresh every time they hit. I like that little jump right there. Oh, I got hit. They think they can slow me down. A wind burst.

2:17:22I I really don't understand the wind burst. It seems like seems like it's uh a speed boost for like a half a second. I don't know what the point of a half a second one is, but I'm probably the one not understanding it, to be honest. Probably didn't use that at the best time. I had a time this better. Reliable J still in the lead here. Appreciate you hanging out as long as you have reliable J struggle

2:18:04heart. I know there's going to be streams with a lot more people on here playing this game. This is going to make like my news stream that I'm going to do so much more fun. It's going to be so cool. Oh, I smashed into that thing. Dang it. I'm losing valuable seconds. All right. So now

2:18:51struggle heart said it's going to be defy news. Defy news, bro. Are you not paying attention to defy news either? Not like Bitcoin went up a thousand bucks or 1% or whatever. I feel like everybody covers that stuff. I like to cover the really niche stuff like the stuff we talked about tonight, the ledger exploit, like stuff like that. I think is a lot of fun. I didn't want to stop the stream earlier to make that auto wild card thing and

2:19:25I'm glad I didn't cuz it took a couple of seconds to do. Let's fight this guy real quick. That was part of what I was doing. What struggle heart? What what character are you using? You know you can hit exclamation point piece and make your character whatever you want. All right, dope. Now we can go into sell. First things first, let's go home. Oh, we got to unmount first.

2:20:20Home. They did an overhaul of the home. It looks much cleaner. I like that. And then let's do epic mats. Let's put epic mats away. So that I don't accidentally sell them. Oh, whoops. All. All. All and all. We did get some really good mats from that dragon boss that we beat not too long ago. That was pretty dope. Put the token cards away. Ancient log.

2:20:59Asumaro. All right, everything else should be pretty fair game here. I love that when you leave it puts you back where you were. It's pretty sick. And then we should have some stuff to sell. Have I hit my limit yet? Doesn't look like it. Oh, I only have one of these? Don't want to sell my cooked pipe.

2:21:34That would be very annoying. Or my swift tonics, bone shards, they can have those. Don't want to sell my tendies. All right, we're going to need some more items. Says peace worldwide. All right, cool. So, now I'll go in here and we're going to go turn auto wild off.

2:22:05Yep, here I'm going to wrap it up right now. And then let me see what the command is. It is winner. There we go. So, reliable J is the winner. Congratulations on out rolling everybody else. Past performance does not guarantee future dice. That was a lot of fun. Straight up heart puts rigged. I think you just got here a little late. Reliable J definitely

2:22:41benefited. Look at that. We got a dope little graphic that comes up with some competing. This is so cool. I'm really digging this. Super dope. There will be more of this for sure. I thought I turned this off. Didn't I just turn this off? All right. So, reliable J has won. You know what to do reliable J. At your own convenience, hit me with what token you want and the contract address that you want

2:23:22that token sent to and it will be on its way, brother. Straight up heart says I hardly claim my prizes anyways. That's up to you, brother. I'm just here for a good time. To each their own. But, you know, if you ever do want for some reason, if it's a real like say I did like a $50 giveaway and you won, feel free to claim it. But, you do what you want to do, brother. I appreciate you being

2:23:47As always, it's been a ton of fun. We have a new digital board game to go with our show. Now, it's going to trigger automatically, so it won't distract me from the show. It's super sick. I'm going to add some more games to it, so it feels fresh all the time. Maybe uh you know, put some more things on the board. It's going to be pretty dope. So, this was the debut and the VVV Venus token autopsy. Thank you for being here.

2:24:15And I will catch you on the next one. Let's see, it's We're over 3 hours at this point. So, stay underground, stay crypto, think long term. I'll catch you in the next one. Underground crypto, out of here. Yes, you guys are the beta testers, exactly. And I greatly appreciate it. Later now.