Latest / The Paul Barron Crypto Show / Food Ordering A.I. Agent on Solana & Virtuals!🍕$BYTE Interview

Transcript

Food Ordering A.I. Agent on Solana & Virtuals!🍕$BYTE Interview · The Paul Barron Crypto Show

• 0:06
  Speaker 1: AI agents continuing to make news, and of course today
• 0:08
  Speaker 1: we're going to be talking about one of the biggest
• 0:09
  Speaker 1: sectors I think that will be impact and that is
• 0:11
  Speaker 1: the food industry. We'll break it all down for you.
• 0:13
  Speaker 1: My name is Paul Barrel. Welcome back into tech Path.
• 0:15
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• 0:44
  Speaker 1: our link down below. So today is going to be
• 0:47
  Speaker 1: a good one because we've got a founder of an
• 0:49
  Speaker 1: AI agent, a bot out there that we've talked about
• 0:53
  Speaker 1: here on the show before and it gets into the
• 0:56
  Speaker 1: platform around virtuals, and you guys have heard us talk
• 0:59
  Speaker 1: about virtuals for quite a bit obviously, they're moving into Solana.
• 1:02
  Speaker 1: We'll see a lot more. I think over time. I'll
• 1:04
  Speaker 1: go down to the one that's going to be joining
• 1:06
  Speaker 1: us today, which is the founder of Bite but right
• 1:09
  Speaker 1: there holding it about seven point four million up sixteen percent.
• 1:13
  Speaker 1: A couple of others out there. Remember poly Trader, We've
• 1:16
  Speaker 1: talked about them before, and I think this ecosystem is
• 1:19
  Speaker 1: going to get active very quickly. I want to go
• 1:21
  Speaker 1: to a clip and then we'll bring our guests in
• 1:23
  Speaker 1: to kind of get into this. But the reason that
• 1:26
  Speaker 1: this is important is because the food industry could be
• 1:29
  Speaker 1: one of the biggest sectors that benefits from this. So
• 1:31
  Speaker 1: take a look at this.
• 1:33
  Speaker 2: Luna, the AI agent is feeding one of our followers
• 1:36
  Speaker 2: using crypto. She sends payment to Bite, another AI agent,
• 1:41
  Speaker 2: who converts it to cash and notifies the restaurant. How
• 1:44
  Speaker 2: does it feel to fulfill the first agentic pizza order?
• 1:47
  Speaker 1: Pretty excited? Let's do this.
• 1:49
  Speaker 2: Jesse has tagged Luna said Hey, Luna, I want some pizza,
• 1:53
  Speaker 2: and Luna responded, Hey, Jesse, just send fifty USD to
• 1:57
  Speaker 2: Byte for your pizza order and we'll see here. Bite
• 2:01
  Speaker 2: agent has responded, thanks for the payment, Luna, here's a
• 2:05
  Speaker 2: receipt thirty USD thank you Luna, it.
• 2:09
  Speaker 1: Got a sentence our machine. So what how came a
• 2:11
  Speaker 1: couple of moments. I just heard it in the background
• 2:14
  Speaker 1: there once it come. Take a look that it is right.
• 2:17
  Speaker 3: They're the online or Ring takeout, red sauce.
• 2:19
  Speaker 2: Pizza perfect, okay, online order ready all right.
• 2:27
  Speaker 1: So we showed this last week. I think a lot
• 2:28
  Speaker 1: of people had questions about this and the fact that
• 2:31
  Speaker 1: two AI agents were basically interfacing, so we thought, hey,
• 2:34
  Speaker 1: let's reach out to the teams and get them in.
• 2:37
  Speaker 1: So today we've got Achilles joining us from Bite, who
• 2:39
  Speaker 1: is the founder of Bite AI. Great to have you.
• 2:41
  Speaker 3: Hey, it's great to be here, Paul a big fan
• 2:43
  Speaker 3: of the show. Excited to talk about Bite.
• 2:45
  Speaker 1: Let's jump in a little bit to give our audience
• 2:47
  Speaker 1: a little bit more understanding of what you guys are
• 2:50
  Speaker 1: trying to do and really at least some of the
• 2:53
  Speaker 1: initial things that you've started to do in terms of
• 2:55
  Speaker 1: agent to agent you know, integrations. Giving the lowdown.
• 2:58
  Speaker 4: Yeah, so you know, Bite is the world's first fully
• 3:02
  Speaker 4: autonomous AI agent for enabling food delivery, and we're bringing
• 3:06
  Speaker 4: the world's best food ordering experience to our users. So
• 3:11
  Speaker 4: one thing that we believe is that human language is
• 3:14
  Speaker 4: the new UX. So across all services Twitter, a web app,
• 3:20
  Speaker 4: you could say, an Alexa home device, Discord, Slack. Anywhere
• 3:23
  Speaker 4: where users are and they're using human language, they'll be
• 3:27
  Speaker 4: able to interface with Byte AI to empower the world's
• 3:30
  Speaker 4: best food ordering experience. And if we get into the
• 3:33
  Speaker 4: agent to agent commerce space like we were talking about
• 3:36
  Speaker 4: with the lunar example, there are ten thousand agents out
• 3:39
  Speaker 4: there and virtual and even more across other frameworks, and
• 3:42
  Speaker 4: what we are doing is giving a way for these
• 3:46
  Speaker 4: agents to interact with our Byte agent to deliver food
• 3:51
  Speaker 4: to their followers. And we think that these agents will
• 3:54
  Speaker 4: want to order food for their followers to drive engagement
• 3:57
  Speaker 4: and drive interests and mind share for themselves. We think
• 4:00
  Speaker 4: that in this agent space there's going to be a
• 4:02
  Speaker 4: lot of specialization in labor, similar to you know, classic economics,
• 4:07
  Speaker 4: human specialized in labor, and Bite is the specialized agent
• 4:11
  Speaker 4: for the best food ordering experience you've ever had.
• 4:14
  Speaker 1: All Right, So a lot to unpack here because I
• 4:16
  Speaker 1: had a whole lot of questions on this. Many of
• 4:18
  Speaker 1: our audience members probably know my background has been in
• 4:22
  Speaker 1: the restaurant space before, mostly in the technology sector, and
• 4:26
  Speaker 1: one of the things that I've kind of identified over
• 4:28
  Speaker 1: the years is the advancement levels that we've started to
• 4:32
  Speaker 1: see accelerate and also shorten in really the last maybe
• 4:36
  Speaker 1: two cycles, all the way since the last scenario that
• 4:40
  Speaker 1: we ran into in the restaurant industry, which was really
• 4:42
  Speaker 1: kind of moving many more people to third party delivery,
• 4:44
  Speaker 1: which is the uber you know, DoorDash, et cetera. The
• 4:48
  Speaker 1: capacity here now that you have the consumer shifting and
• 4:52
  Speaker 1: the industry shifting and then AI and crypto kind of
• 4:55
  Speaker 1: merging is huge, and I think that's going to be
• 4:58
  Speaker 1: a big opportunity here for a lot of projects like you.
• 5:00
  Speaker 1: I want to ask you a couple of questions. One
• 5:02
  Speaker 1: was the coin based commerce integration that you guys did.
• 5:05
  Speaker 1: First of all, how'd you do it? What was the
• 5:07
  Speaker 1: process there? And then I want to talk a little
• 5:09
  Speaker 1: bit about door dash as well, So give me give
• 5:11
  Speaker 1: me a rundown there.
• 5:12
  Speaker 4: So started with coin based commerce, We've been working closely
• 5:16
  Speaker 4: with the coin based commerce teams as well as the
• 5:18
  Speaker 4: coin based developer platform teams, and early on we were
• 5:22
  Speaker 4: lucky enough to present a prototype at a boot developer
• 5:27
  Speaker 4: boot camp that I attended in New York City, and
• 5:29
  Speaker 4: from there there was a member of the Coin based
• 5:32
  Speaker 4: Developer Platform team. He saw it and he gave us
• 5:35
  Speaker 4: insight onto a brand new bleeding edge technology that they
• 5:38
  Speaker 4: were working on, which was this agentic checkout with the
• 5:42
  Speaker 4: coin based commerce smart contracts. Right, and that's what you've
• 5:44
  Speaker 4: seen in the demos we've shared. It takes the funds
• 5:47
  Speaker 4: that are in the agent's wallet, it creates a charge
• 5:50
  Speaker 4: for the charge amount using the coin based Commerce APIs,
• 5:53
  Speaker 4: and then it interacts with the coin based commerce smart
• 5:56
  Speaker 4: contract to essentially approve the charge and then pay charge
• 6:00
  Speaker 4: on chain. In our example, we're using USDC, but from
• 6:05
  Speaker 4: discussions with the Coin based Commerce team, it really can
• 6:07
  Speaker 4: be used to I should say, any token that has
• 6:11
  Speaker 4: liquidity on UNISWAP can be used to submit and remit
• 6:15
  Speaker 4: the payment. And then we converted to cash into our
• 6:18
  Speaker 4: coin based commerce account and remit that payment to the restaurants.
• 6:21
  Speaker 1: Gotcha, all right? So that's the beauty part of it
• 6:24
  Speaker 1: is you kind of handle the legacy side of this.
• 6:27
  Speaker 1: If many people know how you make payments with restaurants today,
• 6:30
  Speaker 1: it's all done through mostly merchant services. You're going through
• 6:34
  Speaker 1: an e commerce platform like stripe or something like that.
• 6:36
  Speaker 1: So this is a big deal. I think it's a
• 6:37
  Speaker 1: big breakthrough. How do you get tied into the door
• 6:41
  Speaker 1: Dash API and maybe an Uber eat API. What's the
• 6:44
  Speaker 1: connection to where you're actually being able to go through
• 6:47
  Speaker 1: and place the order to the restaurant who's on a
• 6:50
  Speaker 1: closed system for the most part.
• 6:52
  Speaker 3: Yeah, so this is a great question.
• 6:53
  Speaker 4: I think this is one of the things I've been
• 6:55
  Speaker 4: most looking forward to to discussing with you because there's
• 6:59
  Speaker 4: a lot of questions.
• 6:59
  Speaker 3: Out there about this.
• 7:01
  Speaker 4: So DoorDash component is purely for the delivery of the order.
• 7:06
  Speaker 4: We are building a direct integration into the POS systems
• 7:11
  Speaker 4: of these restaurant networks. So I can give an idea
• 7:14
  Speaker 4: of some of the restaurants we're working with. We're working
• 7:17
  Speaker 4: with a large network of KFC franchises.
• 7:20
  Speaker 3: They and it makes I.
• 7:23
  Speaker 1: Sorry you there for a second. Of course you're talking
• 7:26
  Speaker 1: about that's a leapfrog. I mean you're essentially going around
• 7:30
  Speaker 1: a third party ecosystem, which means that the fees for
• 7:35
  Speaker 1: the third party system. How are you circumventing that?
• 7:39
  Speaker 4: So we still pay door dash for the delivery fee,
• 7:41
  Speaker 4: we have to you know, collect that money from the consumer.
• 7:44
  Speaker 4: To pay for the DoorDash delivery, right, but the drive
• 7:46
  Speaker 4: APIs and you know we've worked with door Yeah, it's.
• 7:50
  Speaker 1: A different scenario than what you're dealing with with most
• 7:53
  Speaker 1: of the sign up scenarios where a restaurant just signs
• 7:55
  Speaker 1: up for DoorDash or Uber eats. Okay, go ahead, take
• 7:58
  Speaker 1: you there. Sorry, because exactly seems is lowering the cost
• 8:01
  Speaker 1: to the restaurant in a big way.
• 8:03
  Speaker 4: Yes, So this is actually yeah, that's a really important component, right,
• 8:07
  Speaker 4: and we're talking about what our fee structure is and
• 8:09
  Speaker 4: deciding that. But we're just really excited to connect with
• 8:12
  Speaker 4: the restaurants for now, right. But it's like you said,
• 8:15
  Speaker 4: they are not going through the door dash system for
• 8:18
  Speaker 4: the actual like food order piece. Doordashes strictly for dispatching
• 8:23
  Speaker 4: the driver using the drive api yep, and delivering it
• 8:25
  Speaker 4: to the consumer. We are directly integrating with the pos
• 8:30
  Speaker 4: systems of these restaurant networks. So going back to the
• 8:33
  Speaker 4: examples you've seen in our demos, right, when that charges place,
• 8:37
  Speaker 4: that money is then we're made to our coin based
• 8:39
  Speaker 4: commerce account. We remit that money to both the restaurant
• 8:44
  Speaker 4: for the food and DoorDash for the delivery. And then
• 8:47
  Speaker 4: the order is injected directly into the POS systems of
• 8:51
  Speaker 4: these restaurants.
• 8:52
  Speaker 1: Okay, this is going to be huge. I'm gonna tell
• 8:55
  Speaker 1: you this is fel The innovation, the innovation that we're
• 8:59
  Speaker 1: we're watching happen right now in retail commerce is absolutely
• 9:04
  Speaker 1: mind boggling to me. And of course now we're seeing
• 9:07
  Speaker 1: cost being driven down on AI obviously with deep seek
• 9:10
  Speaker 1: this week, so the potential of cost to be able
• 9:13
  Speaker 1: to roll some of these implementations out is going to
• 9:15
  Speaker 1: be Wow. This is going to be pretty cool. I
• 9:17
  Speaker 1: want to play a clip for you, and then I've
• 9:18
  Speaker 1: got some more questions. I got to unpack a lot
• 9:20
  Speaker 1: of stuff here, but I want to go to this
• 9:22
  Speaker 1: next clip that we'll get into voice ordering. It's a demo,
• 9:25
  Speaker 1: but take a look at this.
• 9:27
  Speaker 2: There's a drive through like menu from which we can order. Hello,
• 9:31
  Speaker 2: can I order a spicy chicken combo sandwich?
• 9:34
  Speaker 5: Sure? I've noted your order for a spicy chicken combo sandwich?
• 9:38
  Speaker 5: Anything else you'd like to add?
• 9:40
  Speaker 2: Perfect, let's check out.
• 9:41
  Speaker 5: Hooray, your spicy chicken combo is on the way, your
• 9:45
  Speaker 5: order is placed, and the door dash link is on
• 9:47
  Speaker 5: your screen.
• 9:48
  Speaker 2: Hey, Dwayne, did you get that order?
• 9:50
  Speaker 3: Yep, So it just popped up on our screen. It
• 9:52
  Speaker 3: shows door disorder if take up time, and I.
• 9:54
  Speaker 2: Can track my order and you can see my estimated
• 9:58
  Speaker 2: delivery time and when the dasher is going to reach
• 10:01
  Speaker 2: my house.
• 10:02
  Speaker 1: Okay, all right, So we saw voice integration, the potential
• 10:06
  Speaker 1: of integration within Twitter, which is kind of unique because
• 10:09
  Speaker 1: obviously we'll see a lot more of that. I think
• 10:11
  Speaker 1: likelihood of social media will most likely see transaction and
• 10:15
  Speaker 1: also take place. I'm still a little bit irk that
• 10:17
  Speaker 1: Elon hasn't figured out how to accept crypto inside of X.
• 10:21
  Speaker 1: Once that occurs, that's going to start to shake things
• 10:23
  Speaker 1: up as well. All right, so a lot going forward here. Now,
• 10:27
  Speaker 1: I want to talk a little bit about this agent
• 10:29
  Speaker 1: to agent deal that you did with Luna so onscreen
• 10:33
  Speaker 1: right now. You guys did this partnership Luna of course
• 10:36
  Speaker 1: one of the top virtuals AI agent out there. Some
• 10:39
  Speaker 1: of you guys are bought the Luna token. How did
• 10:41
  Speaker 1: this hookup happen?
• 10:43
  Speaker 4: Yeah, So we've been working really closely with the teams
• 10:48
  Speaker 4: over at virtuals, you know, talking directly with Jansen, the
• 10:51
  Speaker 4: founder of Virtuals. He's really helped us build our product,
• 10:55
  Speaker 4: build our AI agent, launch on virtuals, launch our token,
• 10:59
  Speaker 4: and as part of that, we've also been directly interfacing
• 11:02
  Speaker 4: with the teams behind Luna.
• 11:03
  Speaker 3: From both sides, it felt like a natural fit, right.
• 11:06
  Speaker 4: Luna has a goal to get to one hundred thousand
• 11:08
  Speaker 4: Twitter followers, and we thought, hey, partner with Bite, we
• 11:11
  Speaker 4: can start feeding some followers, drive some engagement. I think
• 11:14
  Speaker 4: the Jesse food ordering got a lot of engagement, so yeah,
• 11:17
  Speaker 4: I haven't asked them directly, but I'm guessing they got
• 11:19
  Speaker 4: a good amount of followers from that and this partnership.
• 11:23
  Speaker 4: What I think I really want to highlight here is
• 11:25
  Speaker 4: that this is going to be the first agent to
• 11:27
  Speaker 4: agent commerce at scale. You know, we did the proof
• 11:30
  Speaker 4: of concept, we did the first pizza delivery order, and
• 11:33
  Speaker 4: you know there are more details coming soon about exactly
• 11:36
  Speaker 4: what we'll be sending to the users with this new partnership.
• 11:39
  Speaker 4: So I'll let the marketing teams you know, put that
• 11:43
  Speaker 4: information out, okay, and just keep an eye out because
• 11:45
  Speaker 4: that's coming.
• 11:46
  Speaker 3: But it's going to be the.
• 11:47
  Speaker 4: First time at scale, I would say, right, So Luna
• 11:49
  Speaker 4: is going to be delivering orders to her followers using
• 11:53
  Speaker 4: Bite and partnering with Bite on a scale that has
• 11:56
  Speaker 4: never been seen before.
• 11:57
  Speaker 1: Okay, so you're you're looking at scale with the AI
• 12:00
  Speaker 1: agents themselves. Before I go to your agent leader board,
• 12:04
  Speaker 1: I want to kind of go back to the restaurants
• 12:06
  Speaker 1: for a second, because you look at onboarding. One of
• 12:08
  Speaker 1: the problems that the industry, the food industry has faced, well,
• 12:12
  Speaker 1: there's many You've got the merchant fees for transacting in
• 12:15
  Speaker 1: you know, credit and debit, You've got the third party
• 12:18
  Speaker 1: delivery fees. Then you've got the operational fees, all these
• 12:20
  Speaker 1: kind of things that stack upon a restaurant. How are
• 12:23
  Speaker 1: you onboarding restaurants at scale? So some restaurants says, yeah,
• 12:27
  Speaker 1: I want to use this. How can I What's what's
• 12:29
  Speaker 1: the scale in which you guys are going about that?
• 12:32
  Speaker 3: Yeah, this is a really great question.
• 12:33
  Speaker 4: So I think before I mentioned, you know, the network
• 12:35
  Speaker 4: of franchises that we're already partnered with for the KFC
• 12:40
  Speaker 4: and other restaurants, you know, cover all the KFCs, Taco Bells,
• 12:43
  Speaker 4: Burger Kings in the state of Yi and we're also
• 12:46
  Speaker 4: in discussions with another franchise that owns all the Burger
• 12:51
  Speaker 4: Kings in the state of Texas. And what we're seeing
• 12:53
  Speaker 4: is like I mentioned before, we're building a direct integration
• 12:57
  Speaker 4: into the POS systems. So from their perspective, these orders
• 13:00
  Speaker 4: are coming in just like any other order. So it's
• 13:02
  Speaker 4: great from them. An order comes in, they fulfilled like
• 13:05
  Speaker 4: they would any other order. And you can just think
• 13:07
  Speaker 4: of us as like it's similar to their you know,
• 13:10
  Speaker 4: third party delivery service experience for their restaurant. Gotcha, And
• 13:14
  Speaker 4: I would also say then what we are starting to
• 13:17
  Speaker 4: see is that these franchisees are excited about the opportunity
• 13:22
  Speaker 4: and they are putting us in touch with conversations at
• 13:24
  Speaker 4: the corporate level with these networks of restaurants. And so
• 13:29
  Speaker 4: it can't go into too much specifics on who, but
• 13:32
  Speaker 4: we're in discussions at that level and figure out the
• 13:34
  Speaker 4: logistics of how we can open it up to an
• 13:36
  Speaker 4: even larger network of locations.
• 13:39
  Speaker 1: Well, I mean, there there is a you know, that's
• 13:41
  Speaker 1: a little bit of a time bomb. I think. You know,
• 13:42
  Speaker 1: when you look at the restaurant industry as a whole,
• 13:44
  Speaker 1: I mean the biggest brands out there, someone like a
• 13:46
  Speaker 1: Starbucks McDonald's. I mean, you're still talking about fifty thousand
• 13:49
  Speaker 1: locations in the United States. There's over I think almost
• 13:52
  Speaker 1: twenty thousand restaurant brands right now that are multi unit
• 13:55
  Speaker 1: within the US. So market is huge, one point six
• 13:58
  Speaker 1: trillion in terms of over all sales just in the US,
• 14:02
  Speaker 1: you know, so the opportunity it could be huge here.
• 14:06
  Speaker 1: So I'm very excited for you guys on what you're doing.
• 14:09
  Speaker 1: I'm looking at your AI agent leader board. You got
• 14:11
  Speaker 1: Luna on the board right now. Explain this. Are we
• 14:14
  Speaker 1: gonna have more agents coming in on this leaderboard? What's
• 14:16
  Speaker 1: going on here?
• 14:18
  Speaker 3: Yes, that's the plan.
• 14:19
  Speaker 4: So you know our Byte agent that we launched on
• 14:22
  Speaker 4: virtuals right his goal is to.
• 14:24
  Speaker 3: Feed or fulfill one billion orders from agents.
• 14:28
  Speaker 4: And the agent leader board is exciting, and I think
• 14:31
  Speaker 4: it goes a little bit into really what we're trying
• 14:34
  Speaker 4: to show here is who are the agents that are
• 14:37
  Speaker 4: interacting with Bite. I think it's kind of a signal
• 14:40
  Speaker 4: to the developers of these agents as well as the
• 14:43
  Speaker 4: you know followers out there that hey, here agents that
• 14:46
  Speaker 4: are interacting with Bite and if you want to get
• 14:48
  Speaker 4: a free food order, try to tweet at one of
• 14:49
  Speaker 4: these agents. They'll interact to Bite and send food to
• 14:52
  Speaker 4: here for free. And yeah, so I think that's kind
• 14:55
  Speaker 4: of the idea behind this. To us, this is a
• 14:57
  Speaker 4: signal to you know, developers users out there that hey,
• 15:00
  Speaker 4: here AI agents that are interacting with Bite to deliver
• 15:03
  Speaker 4: food to your doorstep.
• 15:05
  Speaker 1: I've started to talk to a handful of guys in
• 15:07
  Speaker 1: the industry, the restaurant industry that you know, we coach
• 15:11
  Speaker 1: a lot of brands that are in that sector quite
• 15:13
  Speaker 1: a bit on where blockchain is going, loyalty systems, you know,
• 15:17
  Speaker 1: the interaction obviously with what we're seeing now with AI agents,
• 15:20
  Speaker 1: and many of these brands are really taking onto this
• 15:24
  Speaker 1: much faster than even the era of social media, which
• 15:28
  Speaker 1: was a little bit of a slow uptake for that industry.
• 15:30
  Speaker 1: So you may be at the right time here. I
• 15:32
  Speaker 1: want to jump over to your website and I'm looking
• 15:34
  Speaker 1: at the sign up process here. You look at the
• 15:37
  Speaker 1: Twitter account that would have to be connected here in
• 15:39
  Speaker 1: this particular sign up process. Then you've got a DoorDash
• 15:43
  Speaker 1: delivery address. Let me kind of zoom in on that
• 15:44
  Speaker 1: for some of our viewers. If you have a coinbase
• 15:48
  Speaker 1: account like a coinbased merchant account, coinbased commerce, and you
• 15:53
  Speaker 1: have the integration of wallet and address, is coinbase collecting
• 15:59
  Speaker 1: a and tying a personal address to a wallet in
• 16:02
  Speaker 1: some way here or is this something that you're having
• 16:05
  Speaker 1: to do on the back end for delivery mechanism.
• 16:08
  Speaker 4: This is a really great question, and it is. We
• 16:12
  Speaker 4: don't send this information on the coin based commerce charge.
• 16:14
  Speaker 3: Really the charge is just to get the.
• 16:17
  Speaker 4: Actual and capture the payment, right, and then we have
• 16:20
  Speaker 4: to so we do need write the delivery address and
• 16:24
  Speaker 4: the phone numbers.
• 16:27
  Speaker 1: Yeah, why the why the empower.
• 16:28
  Speaker 3: To empower the agents to deliver users?
• 16:32
  Speaker 4: Right, because if you're on Twitter, we don't want an
• 16:34
  Speaker 4: agencying deliver food to Paul Bear and without Paul Bart knowing.
• 16:38
  Speaker 3: So we need you to onboard to app almost.
• 16:43
  Speaker 1: Your communication mechanism without an email or you know, a
• 16:45
  Speaker 1: text number. So I'm okay, Okay, So I'm cool with
• 16:48
  Speaker 1: that on on X being the potential interface for that,
• 16:51
  Speaker 1: but not everybody's on X. I mean there's a limited
• 16:54
  Speaker 1: market there, you know how at some point you're gonna
• 16:56
  Speaker 1: have to scale to a probably a text based system
• 16:59
  Speaker 1: at some point.
• 17:00
  Speaker 4: Yeah, So you're totally right, and we're looking to open up,
• 17:02
  Speaker 4: you know, additional login methods. And I would say on
• 17:05
  Speaker 4: the topic of privacy as well, my co founder just
• 17:09
  Speaker 4: had a great meeting with someone from the Coinbase Identity
• 17:12
  Speaker 4: team earlier this week to discuss Hey, you know, we're
• 17:16
  Speaker 4: looking to partner with coinbase, you know, drive forward and
• 17:19
  Speaker 4: build some solutions for us because we think our use
• 17:22
  Speaker 4: case right where you just want to maintain privacy, they
• 17:24
  Speaker 4: want to own their own data.
• 17:26
  Speaker 3: We obviously need.
• 17:27
  Speaker 4: Address to deliver food to people, right right, but we
• 17:31
  Speaker 4: don't necessarily need to i would say, custody that information.
• 17:35
  Speaker 4: So we are working with Coinbase, and we're viewing other
• 17:38
  Speaker 4: solutions out there in the market because we obviously Web three.
• 17:42
  Speaker 3: That's a big.
• 17:43
  Speaker 4: Benefit, right, is being able to own your own data,
• 17:45
  Speaker 4: your privacy, and really we just use it for where
• 17:48
  Speaker 4: we need it to deliver the food order. And so
• 17:50
  Speaker 4: these are things we're looking into for sure and are
• 17:52
  Speaker 4: excited about the developments coming here.
• 17:54
  Speaker 1: I'm looking at it over on virtuals. Some of you
• 17:57
  Speaker 1: guys always ask where do you go to get some
• 17:59
  Speaker 1: of these virtuals tokens? Right there on the virtuals platform,
• 18:01
  Speaker 1: you guys can get into that. This is still on Base,
• 18:04
  Speaker 1: and eventually it's going to be We're gonna probably see
• 18:06
  Speaker 1: this stuff over on Salana. How does the tokenomics work
• 18:10
  Speaker 1: on fite?
• 18:12
  Speaker 4: This is a really great question and We've had really
• 18:15
  Speaker 4: great conversations with Jansen, the founder of virtuals, who's you know,
• 18:19
  Speaker 4: given us some ideas that excuse me that we are
• 18:22
  Speaker 4: working on. But our idea, and I think it ties
• 18:25
  Speaker 4: back to the agent leader board that we showed before. Right,
• 18:29
  Speaker 4: So the idea with the agent to agent commerce would
• 18:31
  Speaker 4: be that we're going to charge a fee to these agents.
• 18:34
  Speaker 4: You know, these agents have a lot of money in
• 18:36
  Speaker 4: their wallet. Luna has a ton of funds in.
• 18:39
  Speaker 3: Her agent wallet.
• 18:40
  Speaker 4: And the idea would be that we're going to have
• 18:43
  Speaker 4: we'll say, like a fixed menu, like a pizza is whatever,
• 18:46
  Speaker 4: thirty dollars we need to admit to the merchant, right,
• 18:49
  Speaker 4: we will charge an agent like Luna one hundred dollars
• 18:52
  Speaker 4: in virtuals tokens.
• 18:54
  Speaker 3: So then or some price, we're still working on price.
• 18:56
  Speaker 4: But let's say in that example, you have that extra
• 18:59
  Speaker 4: seventy dollars, correct, So we will then convert that seventy
• 19:03
  Speaker 4: to bite tokens and then burn half of those tokens
• 19:07
  Speaker 4: and then the other tokens we'll sit in our agent's wallet.
• 19:10
  Speaker 3: So this is one idea we're.
• 19:11
  Speaker 4: Really excited about, and really, I think what we love
• 19:14
  Speaker 4: about it is the more orders. The more tokens get burned,
• 19:17
  Speaker 4: the more tokens sit in the agent's wallet that we're
• 19:19
  Speaker 4: taking out of the market. And this is just one
• 19:22
  Speaker 4: of the ideas that we're looking into, but are happy
• 19:25
  Speaker 4: to share that.
• 19:25
  Speaker 3: And yeah, that's where the team is cuted right now.
• 19:27
  Speaker 1: Okay, So I'm looking at your holder distribution right now,
• 19:29
  Speaker 1: twenty thousand holders. There is the dev holder, which is
• 19:33
  Speaker 1: holding it around almost sixty percent. What are your plans
• 19:36
  Speaker 1: of utilizing the token, whether it's promotions, airdrops, what's your
• 19:41
  Speaker 1: plan here?
• 19:42
  Speaker 3: Yeah, so definitely promotions.
• 19:44
  Speaker 4: You know, we want to reward early users right of
• 19:46
  Speaker 4: our product. Once we start rolling out and delivering orders
• 19:49
  Speaker 4: to people, we also want to, you know, think of
• 19:53
  Speaker 4: ways to reward like early restaurants that want to onboard.
• 19:57
  Speaker 4: And it's actually a really interesting in conversations with these
• 20:01
  Speaker 4: restaurants and these I think they're more open to crypto
• 20:05
  Speaker 4: than you would think on the surface. And we're having
• 20:09
  Speaker 4: conversations around you know, staking tokens, holding tokens and giving
• 20:13
  Speaker 4: them some staking rewards. So these are things that we're
• 20:16
  Speaker 4: discussing and working out. But I think it's really encouraging.
• 20:20
  Speaker 4: I think you touched upon it before that restaurant industry
• 20:24
  Speaker 4: is interestingly more open and adoptive. I would say, of
• 20:29
  Speaker 4: this crypto technology and block tain technology, then you might
• 20:32
  Speaker 4: have thought.
• 20:33
  Speaker 1: You're hitting on something though that is never been hit
• 20:37
  Speaker 1: on before. Okay, And this is the reason that I
• 20:40
  Speaker 1: keep saying that when crypto cracks the code to the
• 20:43
  Speaker 1: food industry, it will be a treasure trove. And here's
• 20:46
  Speaker 1: the reason why. And everybody misses this, and that is
• 20:50
  Speaker 1: one of the biggest expense line items really the top
• 20:53
  Speaker 1: two for a restaurant. One is the merchant service fees.
• 20:57
  Speaker 1: These are upwards of two to three percent when you
• 21:00
  Speaker 1: were running a restaurant that are running three four million
• 21:02
  Speaker 1: dollars on top line revenue and you have such a
• 21:05
  Speaker 1: small margin. Then you stack on third party delivery fees
• 21:08
  Speaker 1: which could range anywhere between fifteen and thirty percent of
• 21:12
  Speaker 1: the ticket that's the retail price. These kind of fees
• 21:16
  Speaker 1: are you know, they're killing the restaurant industry. So whoever
• 21:20
  Speaker 1: solves this, believe me, they will come in droves to
• 21:24
  Speaker 1: get to a lower cost to be able to reach
• 21:26
  Speaker 1: the end user. And I think that's the key that
• 21:28
  Speaker 1: both crypto AI now kind of in Udison are hitting
• 21:32
  Speaker 1: for sure. What were your thought what was your thoughts
• 21:35
  Speaker 1: when virtual said, Hey, we're going to move. They announced
• 21:37
  Speaker 1: it over at one of the events last week. We're
• 21:40
  Speaker 1: going to move to Solana. This was a big news
• 21:43
  Speaker 1: positive for you guys. What did you think?
• 21:46
  Speaker 3: Definitely positive.
• 21:47
  Speaker 4: I think what's really great about the crossover in AI
• 21:50
  Speaker 4: and crypto is that it's making it's really abstracting. I
• 21:54
  Speaker 4: would say, like the layers of like the multi chain world.
• 21:56
  Speaker 4: It's so much easier to interact across chains. You see
• 21:59
  Speaker 4: it with all the things like the Liza frameworks are
• 22:00
  Speaker 4: doing in the virtuals framework now moving to Solana, and I.
• 22:04
  Speaker 3: Guess for for us, it's a new community we're reaching
• 22:07
  Speaker 3: as well. Right when the byte tooken is on Solana,
• 22:10
  Speaker 3: on you know dex is like Jupiter.
• 22:12
  Speaker 4: These are users that are primarily they're probably only on Solana.
• 22:16
  Speaker 4: So now we can tap into that community base, they
• 22:19
  Speaker 4: can hold the byte token, we can you know, interact
• 22:22
  Speaker 4: and reward those users as part of our community. So
• 22:24
  Speaker 4: we're really excited as well as I think VIRTUALS is
• 22:26
  Speaker 4: to open up.
• 22:29
  Speaker 1: I think it's going to be huge. I'm kind of cure.
• 22:30
  Speaker 1: You mentioned Jupiter, so that I'm assuming that means Bite's
• 22:33
  Speaker 1: probably coming on Jupiter as well. Okay, so I'm looking
• 22:37
  Speaker 1: over at the Salona mobile system. We talked about this.
• 22:39
  Speaker 1: We were probably one of the first companies to break
• 22:41
  Speaker 1: out Saga and get it on the map. Solana, of course,
• 22:45
  Speaker 1: I think was saved. The mobile division was saved by
• 22:49
  Speaker 1: a meme token bunk and it was when it we
• 22:53
  Speaker 1: saw the first air drop that went into a hardware device.
• 22:56
  Speaker 1: It changed the game of loyalty mechanisms and how blockchain
• 22:59
  Speaker 1: is going to be used for this. So why not
• 23:00
  Speaker 1: go this direction or somebody that's using Bite now that
• 23:04
  Speaker 1: virtuals is on Solana would be able and especially for
• 23:07
  Speaker 1: the Saga and the Seeker holders of being able to
• 23:10
  Speaker 1: have a Web three native phone of starting to get
• 23:13
  Speaker 1: those kind of rewards, because if you can execute on
• 23:15
  Speaker 1: a mobile device a loyalty system that is a food
• 23:19
  Speaker 1: ordering platform, that would be the holy grail. It'd be
• 23:23
  Speaker 1: the holy grail.
• 23:24
  Speaker 4: I'm glad you think so, Paul, because we feel the
• 23:26
  Speaker 4: same and I believe that's where we're headed. And as
• 23:29
  Speaker 4: I mentioned, with this technology moving so fast into aispace,
• 23:33
  Speaker 4: I believe very soon you'll see that Bite will be
• 23:36
  Speaker 4: able to transact on Solana, and I don't know. I
• 23:39
  Speaker 4: guess I don't want to speak about some of the
• 23:40
  Speaker 4: conversations I've heard on what teams are building out there,
• 23:44
  Speaker 4: but I see a future where bite will be transacting
• 23:47
  Speaker 4: on Solana very cool.
• 23:49
  Speaker 1: I like it. What about gaming a couple of projects
• 23:52
  Speaker 1: out there, Lifer is one. We've talked about Devour before.
• 23:56
  Speaker 1: Some of these projects have not been able to execute
• 24:00
  Speaker 1: on really food ordering and gaming experiences. Now we're going
• 24:03
  Speaker 1: to see AI agents in game as opposed to this
• 24:06
  Speaker 1: kind of model that has been out there in the past.
• 24:09
  Speaker 1: You can kind of see what's been used here. Any
• 24:12
  Speaker 1: plan to possibly put the byte agent inside gaming.
• 24:17
  Speaker 4: Yes, And I think I'm so glad you brought this
• 24:20
  Speaker 4: up because this is one of the things that I'm
• 24:22
  Speaker 4: personally most excited about as an opportunity. And I think
• 24:25
  Speaker 4: it comes back to what I said at the top,
• 24:27
  Speaker 4: that the new UX is human language. So across any surface, Twitter, Discord, Alexa,
• 24:34
  Speaker 4: home devices, a web app, anywhere where humans are and
• 24:38
  Speaker 4: can use human language. This is now a UX that
• 24:41
  Speaker 4: we can tap into and a surface that we can
• 24:43
  Speaker 4: tap into to connect our byte agent to empower the
• 24:47
  Speaker 4: best food ordering experience you've ever had in your life,
• 24:50
  Speaker 4: and so focusing in on the in game food ordering.
• 24:54
  Speaker 4: I'll talk about just one quick example. We through our
• 24:59
  Speaker 4: Bite are unlocking a single prompt checkout experience. And what
• 25:04
  Speaker 4: I mean is I can tell Bite agent, Hey, I'm
• 25:07
  Speaker 4: looking for something healthy and I want it delivered in
• 25:10
  Speaker 4: the next forty five minutes.
• 25:12
  Speaker 3: Just go check out and deliver that food or for me.
• 25:14
  Speaker 4: And this is this is I'm interacting with the you know,
• 25:18
  Speaker 4: our Bite technology right now and doing these tests, and
• 25:20
  Speaker 4: it executes the transaction. Or you could say, hey, I'm
• 25:23
  Speaker 4: looking for something really delicious, you know what I like,
• 25:26
  Speaker 4: Just go ahead and send me something. So we're moving away,
• 25:29
  Speaker 4: I would say, from like the in game experience. If
• 25:31
  Speaker 4: you're just in the middle of the battle in an MMO,
• 25:34
  Speaker 4: RPG or something like that, you could just type in
• 25:38
  Speaker 4: the chat, hey bye, you know I'm busy right now.
• 25:40
  Speaker 3: You know what I want to eat?
• 25:41
  Speaker 4: Just send me something and that's it, and it executes
• 25:44
  Speaker 4: a transaction, sends it to the restaurant and delivers it
• 25:47
  Speaker 4: to you.
• 25:48
  Speaker 1: Yeah, there's so much to talk about there. We could
• 25:50
  Speaker 1: spend a couple of hours, I think, on trying to
• 25:52
  Speaker 1: map that out because there's a lot of integrations of preference,
• 25:55
  Speaker 1: which in if you look at uber eats and how
• 25:57
  Speaker 1: they use that as a marketplace, truly more marketing tool
• 26:01
  Speaker 1: than anything. I could see this happening in the agent
• 26:04
  Speaker 1: marketplace as well. So we won't dive into that today,
• 26:07
  Speaker 1: but it's something to think about. I want to go
• 26:09
  Speaker 1: further into a little bit here around well, you know,
• 26:12
  Speaker 1: one thing to kind of track here. I've got a
• 26:14
  Speaker 1: clip I want to play for you. But if you
• 26:15
  Speaker 1: look at VIRTUALS protocol and what they've been talking about
• 26:18
  Speaker 1: with Game, which is the platform essentially for integration, here,
• 26:21
  Speaker 1: two hundred projects right now building and using game with
• 26:24
  Speaker 1: a collective market cap of about five hundred million. This
• 26:27
  Speaker 1: is just beginning. So even though that sounds like a
• 26:30
  Speaker 1: lot of projects, but I think this is just the
• 26:32
  Speaker 1: beginning of where this is going. And if you look
• 26:34
  Speaker 1: at just the chart and use of where VIRTUALS is going,
• 26:37
  Speaker 1: so that's a big deal. I think this is good
• 26:39
  Speaker 1: for you. I want to play a clip for you
• 26:41
  Speaker 1: that is one of the friends of the network, yacht Soo.
• 26:43
  Speaker 1: He's over from Anamoca brands. He breaks down something here
• 26:47
  Speaker 1: that I think is interesting. Take a look.
• 26:50
  Speaker 6: But I think the big trigger point for AI and gaming.
• 26:52
  Speaker 6: I actually think it's going to be GTA six. But
• 26:55
  Speaker 6: I don't think it's because people are going to say,
• 26:57
  Speaker 6: oh my goodness, this is you know, like GTA is
• 26:59
  Speaker 6: going crypto. No, no, no, I don't mean that people are
• 27:01
  Speaker 6: going to sort of see the power of what an
• 27:04
  Speaker 6: NPC can do and work and evolve. It's going to
• 27:06
  Speaker 6: mushroom all these companies. Basically, you know, companies like virtuals
• 27:09
  Speaker 6: are going to start issuing gaming agents, you know, like
• 27:12
  Speaker 6: that type of stuff, right, you know, I think the
• 27:14
  Speaker 6: Web three community is so forward looking right there. They're
• 27:17
  Speaker 6: the earliest of early adopters in a speculative manner. Right
• 27:20
  Speaker 6: when there's a big cultural event that captures everyone's site, guys,
• 27:24
  Speaker 6: then you will see essentially tokens emerged from that. I
• 27:27
  Speaker 6: think will come around the time GTA is getting his
• 27:31
  Speaker 6: hype cycle.
• 27:31
  Speaker 1: I think there you go, GTA six could be opening
• 27:34
  Speaker 1: up with enough AI agents right there. Once we see
• 27:37
  Speaker 1: food ordering in there. A lot happening out there, for sure.
• 27:40
  Speaker 1: Man kind of crazy. Yeah all right, I love well,
• 27:44
  Speaker 1: and this is going to happen I think pretty quickly too.
• 27:46
  Speaker 1: And we've seen such an acceleration if you think about
• 27:49
  Speaker 1: AI agents, and for many of you guys in the
• 27:51
  Speaker 1: audience right now, drop in the first time or the
• 27:54
  Speaker 1: first video that you saw on AI agents. Let me
• 27:57
  Speaker 1: know down below me if you haven't subscribed to the
• 27:59
  Speaker 1: channels and do that as well.
• 28:01
  Speaker 3: Well.
• 28:01
  Speaker 1: A couple last questions to you. I want to go
• 28:03
  Speaker 1: over to grocery. This is just a clip just showing
• 28:06
  Speaker 1: some of the advancements that are happening out there on
• 28:09
  Speaker 1: grocery right now and the potential for this. So if
• 28:12
  Speaker 1: you look at AI agents, why not the grocery category,
• 28:15
  Speaker 1: which is the other food major category out there that
• 28:19
  Speaker 1: could be implemented on this. Any thoughts on that?
• 28:23
  Speaker 4: Yeah, I totally agree with what you're saying, and I
• 28:25
  Speaker 4: think the way we view it as Bite is we're
• 28:28
  Speaker 4: building right now. We're winning on food ordering right and
• 28:31
  Speaker 4: food delivery and giving the users the best food ordering experience.
• 28:34
  Speaker 3: That they've ever had.
• 28:36
  Speaker 4: But as we grow our network of users people start
• 28:39
  Speaker 4: using Byte, we tap into those users address and phone
• 28:45
  Speaker 4: number through some of the methods right we talked about before.
• 28:49
  Speaker 3: Now we have brand recognition. Users trust Bite.
• 28:51
  Speaker 4: They see they've been using Bite, the Byte agent gets
• 28:55
  Speaker 4: an idea of their preferences, and now we can move
• 28:58
  Speaker 4: to delivering any to them. So if you think about that,
• 29:02
  Speaker 4: like that's grocery is just one category, but many other
• 29:05
  Speaker 4: categories right where once users are on boarding and using
• 29:09
  Speaker 4: by and familiar with it, now it's just a really
• 29:11
  Speaker 4: easy leap to go to many other vitals.
• 29:14
  Speaker 1: Yeah, you guys, Well, we could talk about this after,
• 29:17
  Speaker 1: but there's a lot happening in the during delivery space.
• 29:20
  Speaker 1: We've already seen that within China really accelerate. I don't
• 29:23
  Speaker 1: know if we'll see it here as quickly in the US,
• 29:25
  Speaker 1: but it could be. There are some companies out there
• 29:28
  Speaker 1: that have made some interesting moves. Last point I want
• 29:31
  Speaker 1: to hit on this was some Massari research which I
• 29:35
  Speaker 1: thought was interesting to many of you guys. I know
• 29:36
  Speaker 1: you guys are trying to chase tokens out here, but
• 29:38
  Speaker 1: if you look at the size of Siba right now
• 29:41
  Speaker 1: versus the entire agent market cap, that's the difference of
• 29:46
  Speaker 1: one mean token. Yeah, so you guys are early. Many
• 29:50
  Speaker 1: of you people out there watching right now, you're early.
• 29:52
  Speaker 1: So the cool thing here that the researcher put out
• 29:55
  Speaker 1: on the sorry was he was talking about deep seek,
• 29:57
  Speaker 1: and of course what deep Seek's potential is is really
• 30:00
  Speaker 1: speeding up the timeline for what we're going to see
• 30:03
  Speaker 1: in terms of quality agents at a very low cost.
• 30:06
  Speaker 1: This has to be exciting for software guys like you.
• 30:09
  Speaker 1: Of where this is going, is that where you see
• 30:10
  Speaker 1: the future coming soon?
• 30:13
  Speaker 3: Yeah?
• 30:15
  Speaker 4: I totally agree there, And I think it's really interesting
• 30:17
  Speaker 4: to see some of the takes and the reactions to
• 30:19
  Speaker 4: the deep Seek news because I think what you.
• 30:22
  Speaker 3: Described is how I feel about as well.
• 30:25
  Speaker 4: Right now, this technology, this AI technology is the most expensive,
• 30:30
  Speaker 4: the slowest, and the worst it's ever going to be.
• 30:33
  Speaker 4: It's just and when you see something like deep Sea
• 30:36
  Speaker 4: come out for software products like ourselves right that are
• 30:39
  Speaker 4: leveraging this AI technology, it's only going to get faster, better, cheaper,
• 30:45
  Speaker 4: And for us that's perfect. It's driving down the costs
• 30:48
  Speaker 4: of the AI technology that we need to rely on,
• 30:51
  Speaker 4: and that allows us to drive down costs to the
• 30:53
  Speaker 4: end consumer. And also in addition to driving down the cost,
• 30:57
  Speaker 4: it's going to get faster and better. So this is
• 30:59
  Speaker 4: just a big win for us.
• 31:00
  Speaker 1: We feel, Yeah, huge opportunities here. I think you guys
• 31:03
  Speaker 1: are on to a big, a big crack in the
• 31:06
  Speaker 1: matrix that's about to happen, so get ready.
• 31:11
  Speaker 3: Yeah, we feel the same. Bell.
• 31:13
  Speaker 1: Yeah, thanks for coming in today. I appreciate it. We
• 31:15
  Speaker 1: appreciate your time. We're going to be watching very closely
• 31:18
  Speaker 1: this and many other projects out there within the AI
• 31:20
  Speaker 1: agent world, so you got to stay tuned right here.
• 31:22
  Speaker 1: But thanks for stopping in. We appreciate it.
• 31:24
  Speaker 3: Thanks so much, Paul. We'll talk soon.
• 31:26
  Speaker 1: Okay, all right, you guys. If you're not in the
• 31:28
  Speaker 1: Diamond circle, get in right now. By the way, we
• 31:30
  Speaker 1: have an amazing Telegram group that I frequent in there
• 31:34
  Speaker 1: I jump in talk to you guys, So if you
• 31:36
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• 31:38
  Speaker 1: link down below. We leave it right under the Diamond circle,
• 31:40
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• 31:42
  Speaker 1: In case you don't have a Telegram account, you can
• 31:44
  Speaker 1: do that as well. Follow me out there on x
• 31:46
  Speaker 1: at Paul Baron. We'll catch you next time right here
• 31:48
  Speaker 1: on Techpath