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Sal Ternullo

👤 Speaker
243 total appearances

Appearances Over Time

Podcast Appearances

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

Yeah.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

Great comparative analysis.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

And candidly, this role would not have been interesting to me if there was not the second component.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

All the work on the capital market side is interesting, and I've learned a ton about public markets, challenges and successes thus far.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

But

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

The second piece is what actually attracted me to say, okay, maybe this is the next chapter.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

Despite the fact I knew inevitably there would be a negative sentiment fallout on treasury companies, I've been around enough cycles and hot narratives in this space

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

to know better.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

And I consciously chose to do this because I believe in the vision that NEAR is going after.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

I believe it's the right team to execute.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

And I saw the gap of a commercialization partner and a figurehead to come and speak on its behalf in a more public context from a capital markets and commercial point of view.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

And so it was kind of the perfect harmony.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

Candidly, I don't think my COO, Dave Schweid, would be here either if he didn't see that second piece is so compelling.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

And so it really was kind of a different view and different vision of what a treasury company would become.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

And it was that commercialization piece that got us all excited.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

Yeah.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

And I know you don't love this, but we'll be thoughtful in terms of MMPI.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

Obviously, everything that I'm sharing with you today is public information.

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

And so in that same context of the two pieces of our mandate, there are clear KPIs that management is driving towards that traverse both elements of what does it mean to operate in capital markets, form capital, accrue

Bankless
NEAR’s AI Money Thesis: Intents, Privacy, and Tokenomics | Sal Ternullo

near in terms of accumulation on the balance sheet, but also a large skew towards KPIs and measurement on the commercialization side.