The Pomp Podcast - #1323 Josh Neuroth | Company Helping Access Your Data on Blockchain

Episode Date: March 8, 2024

Josh Neuroth is the Vice President of Product at QuickNode. In this conversation, we talk about all the new data that's being created on blockchains, what users are doing with this information, ho...w QuickNode is helping them access it, and the new product QuickNode launched. ======================= Introducing Espresso - the world’s most interactive portable display. They have a portable screen that is incredibly light, comes with a nice stand, and the user interface is very easy. Anyone who listens to this podcast can go to ⁠⁠⁠⁠⁠⁠⁠⁠us.espres.so/pomp⁠⁠⁠⁠⁠⁠⁠⁠. They have a brand new offer waiting for you.  ======================= In this podcast, we dive into the revolutionary concept of PropyKeys, an application that allows anyone to mint home addresses all over the world on blockchain. PropyKeys.com is a part of the Propy ecosystem, that has a grand mission to make homeownership more affordable and user friendly. We will explore the journey of Propy’s founder and how this innovative technology provides benefits for homeowners, and for the real estate industry. Join us as we discuss the Propy’s latest collaborations, including Coinbase, and its new fun project PropyKeys. X (Twitter): @PropyKeys Website: Mint an address at propykeys.com. dApp: ⁠https://dapp.propy.com/ ======================= Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/ ======================= View 10k+ open startup jobs: ⁠⁠⁠⁠⁠⁠⁠https://dreamstartupjob.com/⁠⁠⁠⁠⁠⁠⁠ Enroll in my Crypto Academy: https://www.thecryptoacademy.io/

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Starting point is 00:00:00 What's up, everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp Podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube, and tell your friends and family about the podcast. My goal is to help millions learn from the world's most interesting people. So let's get into today's episode. Today's episode is with Josh Newroth. He's the vice president of product at QuickNode. In this conversation, we talk about all the new data that's being created on blockchains, what users are doing with this information,
Starting point is 00:00:41 how QuickNode is helping them to access it, and then what exactly is Streams, the brand new product that QuickNode has launched. Josh also gets into what are the areas he's excited about, what are the areas he's not excited about, and things are overhyped. And then we even talk about what questions he has for people when they first entered the industry, and what warnings he gives as we enter into a brand new bull market. I enjoyed talking with Josh, and it is fascinating to see what people are doing with all this data that is now sloshing around on blockchains, publicly available for anyone to go look, analyze, and use. Here is my conversation with Josh Neuroth. Anthony Pompliano runs Pomp Investments. All views of him and the guests on his podcast
Starting point is 00:01:21 are solely their opinions and do not reflect the opinions of Pomp Investments. You should not treat any opinion expressed by Pomp or his guests as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his personal opinion. This podcast is for informational purposes only. Today's episode is brought to you by Espresso, the maker of the world's thinnest portable display. Now listen up, if you're like me, you feel like you are at a command center when you sit down at your desk. I got a gazillion tabs open and different windows for different activities. There's my web browser, my text messages, I've Slack open, and I got a notes app. I normally work on a desktop and it can be very,
Starting point is 00:02:00 very productive, but everything falls apart the second I leave my desk. If I'm traveling, if I go to a coffee shop to do some work or just want to work from the kitchen table, my laptop doesn't have enough screen space. I lose my command center and my productivity falls off a cliff. It's a major problem, but this is where Espresso comes in. They have a portable screen that is so beautiful that you think Steve Jobs came back from the dead to create it. The thing is incredibly light, it comes with a nice stand, and the user interface is so easy that I figured it out. How to do it in less than three minutes. If you listen to this podcast, you know that's not an easy feat. So the Espresso team and I, we became friends. I got to know them
Starting point is 00:02:38 because I really like the product. And those screens, they now want to offer them to any fan of the podcast. So we struck a little deal. Here's how it works. Anyone who listens to this podcast can go to us.espresso. Or that's too confusing. Just go click the link in the description. If you go to Espresso's website, they've got a brand new offer there sitting for you. You get a little discount and you'll get a beautiful screen. Trust me, I use mine every day. You'll love the Espresso screen and I think it'll make you more productive. Go check them out today by clicking on the link in the description. Today's episode is brought to you by Propy. Imagine a world where you could buy and sell your home wallet to wallet.
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Starting point is 00:03:52 Visit PropyKeys.com to learn more. Again, that's PropyKeys.com to learn more. All right, guys. Bang, bang. We've got Josh here. Josh, blockchains get invented. Satoshi Nakamoto puts it out into the world. Everyone gets really excited about Bitcoin.
Starting point is 00:04:08 And at first, people are just buying, holding, transacting back and forth. seems like everything's great in the world. Then all of a sudden Vitalik comes around. He's like, well, what if I take this blockchain idea and I add smart contracts? And we get this explosion of new use cases, new chains, et cetera. Today, there's a lot of people
Starting point is 00:04:25 who are coming to the conclusion, oh, I can look on the blockchain. It's a public ledger. There's information there. There's details. There's insights. What is on the blockchain? Like what are people using these blockchains
Starting point is 00:04:37 to capture from an information standpoint? And what are they doing with the information? Yeah, great, great question. So I think fundamentally, there's transactions on the blockchain, but those transactions aren't just like wallet to wallet activities, me sending crypto to someone else, it could be an application sending crypto to another application, it could be an application investing, you know, in another protocol, could be a bot, you know, doing something on chain. And so, you know, people are interested in what's happening there. Like, where's the market moving? You know, one of the things that's happened recently is I think like capital has moved to kind of these what are called layer twos that are on Ethereum. These more or less shards, if you will, that are sitting on top of Ethereum. I mean, a lot of people are looking at that activity right now
Starting point is 00:05:31 and trying to understand where ETH is going or where the rest of the market is going. When you look at the trading use case, I think that that becomes very obvious. Are there other things? Maybe what's the most esoteric thing you've seen someone doing with this information? Yeah.
Starting point is 00:05:51 I mean, I think certainly trading is interesting. I always say that like, you know, Web3 is kind of like this, this is a movement, right? And it's about organizing people in a way that's fair and meaningful to them, right? And so I don't think it's just about trading. It's really about ownership at the end of the day. Like people, people in applications are, you know, investing just their time in these protocols too. They're getting more, we've seen lately a lot of airdrops happening.
Starting point is 00:06:24 in space you know and those airdrops are going to early validators they're going to contributors that were that were um you know contributing to the to the githubs and committing things committing even fixing typos in the documentation and people are being incentivized and being paid out for their contributions and so what you really have in here is you're having a capital system behind the open source movement and that's really something that really has those two things really haven't connected in the past i think when these companies uh or these users start to come into the ecosystem um it feels like initially there's no need for them to have the data if you're just a user of the product right if you're a user of an app or whatever but the uh invention
Starting point is 00:07:11 or the the innovation around points and other things like that seem to now drive the average user wants to know, what are the actions I should be taking? How many points do I get for it? Is there a potential monetary reward at some point? But the gamification almost drives more on-chain interest and necessity for the information. Is that how you see it? Yeah, absolutely. It's actually great because I think people that maybe wouldn't have gotten as deep into the technology, they're trying to figure out how things are working. They're trying to get involved. They're trying to make meaningful contributions. And that's just that's just a great thing in general walk me through what you guys are doing from like
Starting point is 00:07:54 an actual product standpoint how does the product work yeah so at the end of the day like let me give you a little background on what we do at at quicknote i've been working on um more or less core infra for web3 for almost five years now so quicknote is a is a platform where we connect builders to chains and we help those builders scale their blockchain-based applications we also So when I say builders, those builders could be anyone from major exchanges to NFT traders, to hedge funds that are trying to pull data off chain. And we basically help them build out their applications, access data, make transactions. And we support more or less, more than 40, more than 25 chains now to do that. And so we have this new product that we've just announced last week.
Starting point is 00:08:41 It's called Streams. And I love to use this analogy. You think about like if you're a builder or anyone that's trying to research transactions on chain, it's almost like you're going to the post office and checking your P.O. box. When when you try to talk to that blockchain, you have there's a lot of work involved to do that. You have to query correctly. You have to kind of filter transactions, a lot of extra work in doing that. It's very similar to driving to the post office and, you know, unlocking your P.O. box, see if you have mail, then maybe to take that mail home and do something with it, pay a bill or something like that. With streams, we're making that process a lot more efficient and it's almost like just getting an email and then your bill is paid automatically from some automated automated function. And so I think, you know, this is a great like the place we're at in the market right now is where it's getting easier and easier through tools like what we offer at QuickNode to do things in this Web3 space. It's almost like been demystified now and that there's there's a whole set of tooling and like dev tooling that makes it very easy to to do market research or build an application.
Starting point is 00:09:51 And as the technology around streams is making this more like email, right, kind of the efficiency of it, what new use cases are unlocked? Or like, what do you see people actually doing now that they couldn't do before? I think it's really about a lower barrier to entry. You know, we had seen, it's very similar to kind of like the early days of startups and in kind of like the web one era, the, you know, around the like 1999, 2000 days. like you used to have to go like build your whole data center right as a startup and you had uh like the pet the the you know the pet e-commerce stores and the grocery delivery services that ended up failing they spent huge amounts they spent like 10 million dollars in their data centers without any users at all and it's kind of what we where we started with with blockchain
Starting point is 00:10:39 infra but on a much lower scale than that and today um whether you're i see teams of like two and three people like teams that are building like multi-million dollar protocols because there's just that the tooling is easy the capital's there and that really the best product in the space wins and so i think at the end of the day like what is web 3 really doing for the world it's making entrepreneurship easier raising capital easier getting users easier through like monetizing like we talked about airdrops before so that's pretty exciting and on those airdrops are there things that you all can do in reverse? So right now people can look at the blockchain,
Starting point is 00:11:19 they can go ahead and they can tell what's going on there. But are there things that you can do to help the actual protocols or the airdroppers in terms of this connectivity? Yeah, that's actually a use case that we see. Chains do use our info to kind of pull that.
Starting point is 00:11:32 They can look at what addresses are communicating, is the address deploying a contract, is it transferring assets, is it actually consuming gas on the network, basically spending money. So we absolutely help chains with that use case. And they're pulling it just to figure out
Starting point is 00:11:50 like how many points someone has and to get the airdrops or are they pulling it for different reasons? They can, I mean, it's to know, I think at the end of the day, they're doing it from, like if you're a chain, you can use our infra
Starting point is 00:12:02 to figure out your point system. Of course, we wouldn't know what points are going to what addresses, but they're also using our infra to kind of power their block explorers is another use case. Or in some cases, we have several large top five chains
Starting point is 00:12:15 that use this for their bridging infrastructure as well. And in this situation where you are watching kind of almost two-way information exchange, right? You've got the projects that are getting the information off the blockchain, and then you've got users that are doing it. How do you see this all playing out moving forward? Like it's very obvious, the AWS model, right?
Starting point is 00:12:36 Where people are giving out compute. And if you continue to see a rise in the need for compute, then AWS will continue to be valuable. this product almost has like multiple demand sides right you've got the the things we've been talking about are there other use cases or other demand vectors that you guys see coming into the market over the next you know couple of years now that institutions are here um and there's just more money sloshing around yeah a hundred percent i think one of the things that's really gone crazy on crypto twitter recently that we've been a we've taken a bet on in the in the past and
Starting point is 00:13:09 and continue to support is around kind of this concept of like app chains, application based chains. And so to me, there's kind of like several terms floating around there that that, you know, for lack of a better for oversimplification, oversimplification mean the same thing. So you have app chains, you have roll ups, and you have more or less this kind of new new layer three terminology. What that generally means, I think applications or organizations
Starting point is 00:13:37 can run their own chain in a much easier way than ever before and so why would why would say like delta airlines maybe someday want to run their own chain the reason is because is anyone using that chain would um be consuming gas in that chain which would be a new revenue stream for them right and so i think we're going into a future and this is probably a definitely a many years down the road where major corporations will move their reward systems to effectively a roll-up that will settle on Ethereum or now Bitcoin. There's a layer two is launching on Bitcoin right now, and some have already existed. And you could build your own kind of on-chain business application that settles on Bitcoin or Ethereum. And effectively, you can monetize and incentivize
Starting point is 00:14:26 your community through that through that mechanism. So what we're seeing is kind of like this this world where I think you have these public blockchains sitting in, you know, that they're almost like a public highway that everyone uses and owns more or less. And then you have kind of these private blockchains that are sitting on top of these public this public infra that are going to be used by corporations, by enterprise applications,
Starting point is 00:14:49 by you think about like even HR software, just like all the APIs that has to tie into, or you have Plaid that connects banks to banks. And like, that becomes a lot easier when you move, when you move business on chain. So we say this at Quick Note all the time, like we're huge believers in just like the on-chain economy. We definitely see business moving on chain and have pretty good pipeline up with our sales team around enterprises coming in and doing kind of these private blockchains right now.
Starting point is 00:15:17 What do you see that people do differently on Bitcoin versus Ethereum versus maybe like a base or kind of the newer you know more popular uh chains that have come on recently yeah yeah so bitcoin um it's it's definitely i think the people just in the last few months have really started figuring out that you can use bitcoin like in some ways like ethereum so you know nfts on bitcoin has been interesting um kind of early to say on around the the layer twos on bitcoin on ethereum I always think about Ethereum as it's almost like a global supercomputer that's kind of owned by the whole world. And I think where the future of kind of these chains is to be more like a business to business chain. Like you think about Bitcoin, Ethereum, they eventually will be kind of like this public infra, but it's business to business.
Starting point is 00:16:07 All the consumer, the retail activity is going to happen on layer two. So that's kind of a well-documented thesis that's been validated now and continues. So like base runs on the OP stack and that that optimism or that produces the OP stack runs on Ethereum. And so base is ultimately settling the transactions on Ethereum. So one way to think about it is users like friend tech is a social kind of app that launched on base that those transactions are ultimately sitting on Ethereum.
Starting point is 00:16:38 And so Ethereum is more or less becoming kind of like this B2B chain to these other these other private and public chains like base. When you see base, it is part of Coinbase. Obviously, public market investors are interested in Coinbase. They would like to predict what the exchange revenue, the custody revenue, now potential base revenue is. Is Quicknode gives them the ability to now evaluate what's going on on base and try to back into revenue that then could be used to construct part of the next earnings report type thing? Yes, as long as Coinbase has moved applications kind of like on-chain, as long as they've taken some of those core processes that they have internally, maybe running on AWS, and I think this is very much in their vision, is to move that part of their business on-chain. Then Quicknode provides the tooling in order to construct those reports and understand what's really happening on the chain.
Starting point is 00:17:37 But could I, like, for example, could I use QuickNode to say Coinbase's revenue from base is going to be X with some high degree of probability because QuickNode allows me to see how much transactions are being done, maybe how much gas or equivalent, you know, is being captured. And I can start to like do some math and build a model. And again, I won't be 100% accurate, but I can probably come pretty close. Yeah. Yeah. I mean, that is how our customers are using it today, right? And we don't give you like the, you have to do some work on the development side to kind of construct your model, if you will.
Starting point is 00:18:15 We don't like model it for you, but the data that we have would be used in that model. We'd give you easy and fast access to that data. And then what about like altcoin issuers for ETFs or even the ETF issuers themselves? Like, if you know the wallet addresses, can you then start to use QuickNode to get better insights in terms of what inflows are or, you know, what their potential fee structures could look like? Yeah, absolutely. Yeah, we don't have, we don't tell you whose wallet address is. We don't have that information. But if you did know the address, you could absolutely use our streams product to effectively every time that address, like, say, buys more Bitcoin, you would get like an instant notification.
Starting point is 00:18:59 Think of it as a push notification on your phone that told you that that that address had, you know, bought more Bitcoin or bought more Ethereum or, you know, maybe moved assets to another address as they kind of diversify across multiple addresses. So developers and builders of these things like they're they're using this technology and this tooling in order to to thankfully make better applications and automate more of their processes internally to do that. Got it. And then with streams, what are the things that people can now do when you have that real time ability, right? And kind of this, you know, use that email example earlier, that from an investing standpoint, isn't just trading the coins, but maybe trading some of these other assets. And the reason I ask this is I have a personal, I don't know, maybe conviction or prediction that a huge part of what today is considered traditional financial investing, look at the balance sheet, look at the P&L, try to back into what is the EPS, all these things. now if we have real-time data and we can see what's happening on chain man that should make me a way better public market investor for the subset of stocks that will be related here yeah so what are the things that you guys see you know with just streams in general that now people are able to do that they could help them in that kind of pursuit well yeah there's one there's one use
Starting point is 00:20:30 case that comes to mind just off the top of my head and that streams pushes the data to you so I used that analogy earlier, getting the email. Right. And so the basically like all these transactions are in something called the memory pool. Think of it as kind of like this cloud sitting above above where the pending transactions are like what traders care about is like the second something actually is considered on chain. They want to know about it. And so instead of you having to go ask like the Bitcoin nodes or the Ethereum nodes, what's happening? We're telling you like in microseconds that that activity is now part of the chain. And so it's almost like a high frequency training use case that we were, that is enabled through this new product that we
Starting point is 00:21:12 offer. What are you most excited about on the product roadmap? So like, we're talking about what you guys have already released, kind of what's already out there now, but like, what are the things that you guys want to build or are in the process of building that you're really excited about? Yeah. You know, so one of the things I think that I'm, one of the reasons I work at quick note and i love i love this companies because i think like for the last couple years we had certainly in 2021 we had a lot of hype coming into crypto in general we had like all-time highs which hopefully we're getting there right now um again but you know traditional business kind of stalled at moving on chain and so i think you know from like if you think about where quick
Starting point is 00:21:51 note sits in the market we have companies that are coming to us and be like we want we have a Web3 strategy, help us figure out what to do next, how to use this technology, how to build applications on-chain. And so I'm most bullish about bringing traditional businesses, making this technology easy for them to use and kind of fit the models and the development environments that they're already used to building, basically make it risk-free as much as possible. And that's what we've seen today. We have several Fortune 100 companies working with us right now to kind build products and chains in the space which is so exciting so to me mass adoption doesn't really happen until traditional business feels like it's less risky and easier to kind of move their
Starting point is 00:22:36 applications to blockchain-based systems and that's what we're seeing today so that's what i'm most bullish on we have a lot of products that kind of help enable that but i think you know like it starts with platforms like quicknode that where these companies come and they they figure it out we have a great you know team that can help them guide them through that process as well and then in terms of the team that you guys have built so far where did they come from are they like web native you know are they like young people are they super experienced from web2 we're gonna like a lot of social media companies which where did they come from yeah great question we have a great mix man we we have people from aws from digital ocean people that kind of got cut
Starting point is 00:23:17 their teeth in crypto and web3 and our team is truly global i love this kind of you probably see this a lot on your podcast but you know our team is truly like global decentralized if you will we have people from you know europe north america india etc asia pacific as well japan um it's so amazing to kind of see all like this builder culture that's that's truly global and you know me being an american i i obviously i i think you know so much of the tech ecosystem has been based in america it's it's amazing to see kind of builders from all over the world getting in full time and making stuff happen in this space so it's been great and then what about like the ecosystem or the industry in general what are you most excited about heading into what many people
Starting point is 00:24:08 think is you know much bigger bull market what are milestones you're looking for or things that you see um as kind of you know accomplishments that lay ahead yeah yeah so good question i think kind of to my earlier point around traditional business moving on chain like one obstacle is is really has been around gas fees and so like if you think about like replacing a database and just using like an on just using a blockchain instead of a database it's like you can't charge every time you write to that database you can't charge like a one dollar fee right for most use cases and so i think just like in the last six months we really really unlocked kind of these gasless chains and these gasless use cases on the roll up tech and that's going to help kind of move this
Starting point is 00:24:53 traditional business on chain so in in terms of i i know we we talk a lot about new tech in the blockchain space but we really haven't unlocked like the tech we needed until like the last six months in my opinion at least it wasn't to a place where it could be maturely used by you know a major enterprise major fortune fortune 100 company and now we have it so that is probably going to really i i'm very bullish on the next few years here i think we're still getting started we're still in our infancy as kind of a crypto web 3 ecosystem and so we're going to start seeing you know major companies and you know come into the space and and put you know make their own stable coins move their rewards-based systems on chains do clean energy credits all of the above so it's
Starting point is 00:25:39 going to be great and what are the areas that people are excited about you think maybe are overhyped or you know don't have as much uh kind of forward momentum as uh as others think well i think you know i think a good question good question um overhyped i mean you know i think obviously there's been a lot of um i'm a fan of nfts i think we got a little carried away with some of the nft valuations in in the past i guess i guess at the end of the day like you know me i'm i have a hard time believing certain fashion brands are are valued at what they are or people pay 600 for a t-shirt but people still do so it really comes down to like supply and demand and so you know i don't know like as long as there's supply and demand i guess you can say
Starting point is 00:26:29 something might be overhyped but it's really your personal personal opinion at that point as long as people are buying it so um i do think like one thing is is that in general like valuations for all coins were really kind of crazy in the last cycle and i think this this cycle we have a little bit healthier valuations like when i talked to the the chains and the d apps the the last two years of kind of this, this funky market, they've focused on profitability. They've focused on revenue. I think my friends over at beefy finance just posted that they have, they're a D app, they're truly decentralized team. They have $7 million in their treasury without raising any major source of venture capital. And so, you know, protocols like that, like I think, you know,
Starting point is 00:27:19 that they actually can have a valuation that comes from something substantial because they focused on cashflow, they focused on revenue. So I think, you know, like we probably saw overhyped valuations, but this time coming in, they're a lot more justifiable. And then how about the institutions and kind of their participation? Do you expect it just to be from a financial exposure standpoint or do you expect them to start to kind of play on chain and build things and do all that well there's a lot of a lot of people trying to figure out how to tokenize assets right now and i see that in conversations i think i think anthony we're kind of at this place where no one wants to get fired for building out like a web3 app in their these
Starting point is 00:28:06 financial organizations so they're playing very carefully but they're they're like slow and steady they're not getting out of the space and i think with this latest kind of cycle here we're gonna see that speed up got it um if you had to ask people who are coming into the space what are the things that um you want to know from them and i always think about like the questions you ask people signal a lot in terms of what you are thinking about or uh what you're focused on so let's say somebody you know they had heard of bitcoin or crypto before it had all gone down i thought it was over price comes back now they're entering the space as a user for the first time what are some of the questions that you would love to ask them yeah so users coming into the space
Starting point is 00:28:51 for the first time um well generally i ask them like you know what what's their main goal here and i think like the answer i continually get is to make money and that's why i think like at the end of the day like web3 and crypto crypto overall they're very it's it's very capitalistic like people are here because they're entrepreneurs or because they're investors or they're trying to make something and get more users and so you know i don't know i i usually try to ask them like what are they what are their financial goals where they are they investing are they trying to build something and it goes from there so i think you have people that kind of sit on the sidelines and they just want to they want to have a chance to be part of kind of the growth of some of these
Starting point is 00:29:32 uh these chains and these d apps and and applications and other people they're trying be involved because they're starting a business more or less and it's a new kind of business that is global and lives on chain so um and then i think you know on on the when i talk to traditional business folks i want to understand how they're thinking about leveraging this technology how are they looking at reaching new markets are they like a us-based kind of investment firm that's looking to do more investments internationally. And potentially that can be a lot easier. What have we seen as we've talked to some of those investors is that tokenized assets makes it easier and easier to do kind of cross-border investment. And that's
Starting point is 00:30:19 been a really interesting kind of problem space to evaluate. And then what are the pieces of advice or the warnings that you would issue to people entering the space for the first time? And I use that as a proxy for things you've learned having been here for a while and gone through many market cycles yeah man i guess you have to always do your own research but i will i will give you my my tips i think you know i think you know bitcoin ethereum you know you're looking at um pretty safe investments at this point if you're investing in those just like a maybe like a company that's been around for a few decades that that has a um you know it's maybe part of the s&p 500 or something these alt coins i think you know you have to be really careful of and i'm uh kind of
Starting point is 00:31:07 like my some of my friends called me no hype josh so i think the teams are really smart and you have to you can't just what i say when i say that what i'm meaning is they're really clever at how they're marketing these chains and you really need to like look at not the potential utility but does this chain have developers if you're trying to invest in kind of these alt canes is there on chain activity again quick note makes this easier with our products right but um you have to kind of just don't look at the marketing narrative look at the utility and is it really happening like are other applications using this protocol and um you know pretty is also like gas like gas consumed is a big indicator too no one's using the chain don't invest in it so you know i don't know that's
Starting point is 00:31:57 that's one thing i also look at you know one thing i think is a clear indicator my personal thesis on on investing in the space is when you look at these alt coins the ones that really invest in the infrastructure side, they're the ones that have the best chance at taking off. And so, you know, we do a lot of work at QuickNode at integrating new chains. That means that like the chain works with us, in most cases, pays us to integrate into their platform. And we don't take everyone, right? And so chains that are like, you know, working with the development tooling, those ones have
Starting point is 00:32:32 a good chance of succeeding versus ones that are only marketing focused. And so chains that have taken the time to invest in QuickNode and other infra platforms, that is a good indicator. And I do see that being used more and more by investors in the space. Where can we send people to find you on the Internet or find out more about QuickNode? Yeah, yeah. We're QuickNode, N-O-D-E dot com. You can find me on Twitter. I just changed my my username to East of E-T-H, East of E. so east of eat do uh do you want to explain that for folks who may not get the reference that's pretty good yeah one of my favorite uh authors john steinbeck who wrote east of eden classic
Starting point is 00:33:14 straw you know human-based struggle in the story um i would kind of always like this idea that like we're trying to build the perfect utopia but it can never really be built like utopia doesn't exist and so you know we get our our struggle makes makes the world a better place and so i spend a lot of my time working on um or working with customers and applications that are building on eth or auxiliary to eth and so i thought it was the perfect username for me and uh if people want to get a job at quicknote is the website the best place You know, I wouldn't say it is. I really am a sucker for a good cold outreach.
Starting point is 00:33:56 I love it when I'm hiring a product manager right now. So if you're a PM and you're listening to this, you know, hit me up. But I love when people give me a, you know, a two, three page PDF on here's what I can do for you, how it fits into your strategy. And they, you know, something like that. That's probably the best way is a cold outreach. I love it. Well, Josh, I really appreciate the time today. I learned a lot. Obviously, Quicknode continues to be a great company, one that I've been a longtime supporter of. And I think that the bright days are ahead, hopefully. So we'll definitely do this again in the future.
Starting point is 00:34:33 Sounds good. Thanks, Anthony.

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