Matt Huang

And I think 10, 20, 30 years from now, it seems inevitable to me that basically all of our financial transactions will run through rails like this in some

And I think 10, 20, 30 years from now, it seems inevitable to me that basically all of our financial transactions will run through rails like this in some

I think a recent and topical example is the prediction market platforms, which are these contracts that say you deposit X dollars. And if X person wins the election and you bet on that person, you get paid. If the other person wins the election, you don't get paid. That logic is represented in a smart contract. There's a crypto-based way of resolving that event.

I think a recent and topical example is the prediction market platforms, which are these contracts that say you deposit X dollars. And if X person wins the election and you bet on that person, you get paid. If the other person wins the election, you don't get paid. That logic is represented in a smart contract. There's a crypto-based way of resolving that event.

And so that's an example where that wasn't possible before us.

And so that's an example where that wasn't possible before us.

Well, I think a really interesting frontier, which is still super fuzzy, is the intersection of AI and crypto. In a lot of ways, like if AI is intelligence, crypto is a way of coordinating intelligences. And that's really what money is. It's a database of value, and we shift it around. That's the coordination mechanism of capitalism, say.

Well, I think a really interesting frontier, which is still super fuzzy, is the intersection of AI and crypto. In a lot of ways, like if AI is intelligence, crypto is a way of coordinating intelligences. And that's really what money is. It's a database of value, and we shift it around. That's the coordination mechanism of capitalism, say.

And it seems to me that I have a hard time visualizing if AI agents really take off and become possible for them to primarily be transacting through traditional systems. Crypto is basically tailor-made for computer sentience to use. And I think right now a lot of people are focused on the idea of just agents paying each other or paying for things on the internet.

And it seems to me that I have a hard time visualizing if AI agents really take off and become possible for them to primarily be transacting through traditional systems. Crypto is basically tailor-made for computer sentience to use. And I think right now a lot of people are focused on the idea of just agents paying each other or paying for things on the internet.

But I think an interesting step further is you could think of crypto as ways to construct markets for participants to engage in. If you wanted to run some kind of auction or allocate a scarce resource through purely programmatic means, crypto is sort of made for that.

But I think an interesting step further is you could think of crypto as ways to construct markets for participants to engage in. If you wanted to run some kind of auction or allocate a scarce resource through purely programmatic means, crypto is sort of made for that.

And so I would envision a world in which AI agents are basically constructing more elaborate ways of coordinating with each other beyond just payments.

And so I would envision a world in which AI agents are basically constructing more elaborate ways of coordinating with each other beyond just payments.

Well, one, we have a team that is very curiosity first. Part of our process is everyone on the team can spend time looking at and investigating whatever they want. And so we have plenty of people who are super fascinated by AI. We actually spent some time going down that rabbit hole exploring it and ultimately decided that, okay, one, we're definitely interested in the intersection.

Well, one, we have a team that is very curiosity first. Part of our process is everyone on the team can spend time looking at and investigating whatever they want. And so we have plenty of people who are super fascinated by AI. We actually spent some time going down that rabbit hole exploring it and ultimately decided that, okay, one, we're definitely interested in the intersection.

I think right now might be some of the most interesting times in that space. But also, I think there are extreme returns to specialization. And there's also a sense in which AI is, everyone's working on it, and it's going to be fine with or without us. I think crypto is a very important technology that needs to coexist with AI. That, to your point, there aren't a lot of great champions.

I think right now might be some of the most interesting times in that space. But also, I think there are extreme returns to specialization. And there's also a sense in which AI is, everyone's working on it, and it's going to be fine with or without us. I think crypto is a very important technology that needs to coexist with AI. That, to your point, there aren't a lot of great champions.

And we believe it's very important for us to work on it to make sure that it actually happens.

And we believe it's very important for us to work on it to make sure that it actually happens.