Dave welcomed everyone and introduced co-hosts, including Kool, who had just moved to Texas. Kool shared details about the move and adjusting to the heat and new time zone. NatNat expressed excitement for the episode while Shi Samurai joined despite being under the weather.
0:04:24SEC delay on spot ETFs and a Tether edu blockchain education initiative
Jake detailed Emblem Vaults origins since 2016, moving from Bitcoin to Ethereum, with nearly 60,000 ETH in volume across 100,000 vaults. Adam McBride gave a simple breakdown of how a vault wraps private keys of assets like Bitcoin ordinals into an Ethereum NFT without moving the original asset. Jake and Adam McBride described cross chain use cases, including trading Bitcoin NFTs on Ethereum or using them in games on Solana and other chains.
0:12:42From 2016 to Ethereum mainnet in 2020 and the launch of Emblem Markets
Jake discussed why the project stayed quiet during legacy migration and paused trading before launching the chain agnostic marketplace. The marketplace faced an outage on launch day, which Jake openly shared while fixing with Reservoir. Adam McBride explained moving collections to new L2s without burning originals to preserve provenance, unlike burn and mint methods used by projects like Goblin Town. Jake covered how selling vault contents works via burning the NFT to reveal keys and introduced time lock vaults for features like puzzles.
0:32:43Launching a marketplace and the shipping industry metaphor for interoperability
Kool said the SEC delay on spot ETFs is not a rejection and will happen eventually due to strong backers. Kool noted upcoming volatility from the delay, uncertainty, interest rates, and the unknown Democratic nominee. Jake said next ETFs could be for Dogecoin, Litecoin, and Bitcoin Cash because they have futures products, while Kool agreed a meme coin basket ETF might arrive.
A guest pitched the prelaunch Dead Kenny coin project focused on auto swapping old tokens and market cap unlock airdrops. Dave praised the guests presentation. The group wrapped with final thoughts on the topics discussed.
“So the asset never moves off of its original chain.”
AAdam McBride0:17:34Share on X
“Bro, are you even in crypto if your if your if your site doesn't crack the first day, bro? This is this is it, baby.”
AAdam McBride0:35:39Share on X
“And one thing that I've learned is that the markets do work in cycles, all of them.”
NatNat0:36:12Share on X
“But for for Web three, we're so early. It's impossible to, like, fully gather how early you are.”
AAdam McBride0:43:51Share on X
“A delay for me doesn't mean a rejection.”
Kool1:01:49Share on X
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Show discussion, not financial advice.
