Namik

So I think that was a problem that we saw.

And we thought that it was just not ideal because, you know,

like crypto is unique because um a lot of users in crypto want to be owners as well right and i think this is not necessarily the case with like most industries in most industries you like for example um like you know in like tech right just because i own it like i own an iphone

I don't have any Apple stock.

It's not because I think Apple's bad or anything.

I just don't have Apple stock because I have crypto.

But anyways, so, and I think it's totally fine.

That's not exactly the case in crypto where people have historically been like, I want to be an owner in the applications I use.

It felt very unfair.

So basically what we did is we said, hey, we did this, we raised some money from Dragonfly.

Funny enough, the founders of Ethereum, Vitalik and Joe, also participated in the round.

And a year later, we basically said, you know what, we just want to give the exact same terms to Echo users, right?

And if they want to participate, they can participate.

If not, they don't have to.

Sold out very quickly.

I think like 80% of Echo users tried to participate, broke a few records on the Echo platform.

And we were like, oh, wow, this we're onto something like this is cool.

I think there's a way to get people to be to use a chain.

They get equal access.

And we basically just doubled down with that thesis all the way until most recently the sonar sale where we started a million dollar valuation.