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Shopify A.I. Agent on Solana🦊$KIT Interview🔥 · The Paul Barron Crypto Show

0:05
Speaker 1: All right, Today we're going to dive into some AI
0:09
Speaker 1: agents that I think you guys are gonna love. It's
0:10
Speaker 1: gonna be interesting. We had a good interview for you,
0:12
Speaker 1: so stick around. My name is Smaul Bearer. Welcome back
0:14
Speaker 1: into tech path. Let's get started today. I want to
0:16
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Speaker 1: terms of the cards you get. Use our code down
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Speaker 1: below to get started. All right, so you guys know
0:49
Speaker 1: we covered raposa coffee not too long ago. We were
0:53
Speaker 1: talking with Andrew. We've done a couple of videos around
0:57
Speaker 1: the topic of, you know, kind of the innovation, what's
1:00
Speaker 1: been happening with figitals, the physical and the digital component
1:04
Speaker 1: of products and services, kind of what Raposa has been
1:06
Speaker 1: able to bring the market from the NFT and the
1:09
Speaker 1: collectible side.
1:09
Speaker 2: Well, they broke out.
1:11
Speaker 1: With a new slant here and it's an interesting one.
1:14
Speaker 1: So we thought, hey, let's get Andrew on and chat
1:16
Speaker 1: about it. So Andrew, let's get you into the show.
1:19
Speaker 3: How's it going, man, it's going great. Glad to be back.
1:23
Speaker 3: I think it's been almost a year, and yeah, it couldn't.
1:25
Speaker 1: Be happy, right yeah, right out a year that we
1:28
Speaker 1: started talking with you guys.
1:29
Speaker 2: So obviously we have to.
1:31
Speaker 1: Kind of break down a little bit about what you
1:33
Speaker 1: guys are doing. And I want to get into Kitsune,
1:35
Speaker 1: which is agent Kitsune dot Ai. Tell me a little
1:39
Speaker 1: bit about what you guys are up to here.
1:43
Speaker 3: Yeah, So the mission of Raposa from the beginning has
1:48
Speaker 3: been always pioneering coffee's digital frontier. And we started with
1:53
Speaker 3: you know, the figitals, we started with the NFT, the
1:55
Speaker 3: collectibles on chain loyalty, and we saw this shift that
1:59
Speaker 3: was happened, I mean in the market. I think that
2:01
Speaker 3: we all realized is that on chain agents and AI
2:06
Speaker 3: is kind of this next frontier forward in pushing blockchain,
2:11
Speaker 3: like where blockchain can meet the real world. And what
2:14
Speaker 3: we basically did with our partners at Griffin is we
2:17
Speaker 3: built the first fully functioning on chain commerce agent that
2:22
Speaker 3: is directly integrated with Shopify. Version one is essentially built
2:27
Speaker 3: based on the Raposa storefront and can it knows everything
2:32
Speaker 3: there is to know about all of our products, inventory levels.
2:36
Speaker 3: It is an information pipeline, can give recommendations based on
2:40
Speaker 3: customer preferences or past orders and ordered directly within the agent.
2:48
Speaker 3: With agent to agent seamless on chain payments that can
2:53
Speaker 3: basically obviously improve revenue, increase customer retention tech those margins
3:00
Speaker 3: right where I think we've seen this vision of what
3:04
Speaker 3: on chain payments can be, and we'd been building Raposa
3:09
Speaker 3: with that, with that ingrained in our in our blood.
3:12
Speaker 3: So this next step forward is like, how can we
3:15
Speaker 3: bring this agent experience to our consumers? And then phase
3:20
Speaker 3: two is how can we expand that to other brands
3:23
Speaker 3: more than Raposa or other product.
3:25
Speaker 1: This is integrated now with your current Shopify account.
3:30
Speaker 3: It's yeah, fully functioning. We launched exactly a week ago,
3:35
Speaker 3: and we've spent the last seven seven days every day
3:39
Speaker 3: making some sort of improvements. We introduce this different query functions.
3:44
Speaker 3: Before it was searching products from collections and then recommending
3:48
Speaker 3: products from those collections. Now we're in where it can
3:52
Speaker 3: actually understand different metadata fields that we set and shopify.
3:57
Speaker 3: So if I say, hey, agent consume, what coldbrews do
4:01
Speaker 3: you have in stock? It'll find those specific ones, it'll
4:04
Speaker 3: recommend the variety pack. And then further, we've expanded to
4:09
Speaker 3: more products outside of our own coffee products, so we've
4:12
Speaker 3: added tope bag, sunglasses, a bunch of different items. And
4:16
Speaker 3: now if you search, hey, Kitsune, what tope bags do
4:20
Speaker 3: you have in stock? It'll spit out the three tote
4:22
Speaker 3: bags that we have listed, the prices, the details, and
4:25
Speaker 3: then allow you instantly to make a purchase from your
4:29
Speaker 3: agent s wallet to our agent s wallet.
4:32
Speaker 1: Okay, so we're going to dive into that because that,
4:35
Speaker 1: to me was kind of the killer component here of
4:38
Speaker 1: where you guys are going. I want to show something
4:39
Speaker 1: on your website, and this I thought was a good
4:41
Speaker 1: statement for people to really understand Amazon Star with the.
4:43
Speaker 2: Books Consuna is starting with coffee.
4:45
Speaker 1: Our goal is to prove Consun's utility and viability as
4:48
Speaker 1: a leader in a Gentic commerce in this again all
4:51
Speaker 1: on Solana. So interesting that this could be scaled quickly
4:56
Speaker 1: into the Shopify ecosystem. There's a couple of tweets here
5:00
Speaker 1: I want to hit on. One is if you look at
5:03
Speaker 1: your partners, You've got a lot of key partners here.
5:06
Speaker 1: Obviously that lines up within it. Some of the ones
5:08
Speaker 1: I want to talk about is Venta, Salana Pay, and then.
5:12
Speaker 2: Of course Helio.
5:13
Speaker 1: All right, those three all integrated into payments, what that
5:17
Speaker 1: future might look like. Explain a little bit more of
5:20
Speaker 1: how that is working and what are your plans going
5:23
Speaker 1: forward with this.
5:25
Speaker 3: This is exactly kind of why we took this leap
5:27
Speaker 3: into making this agent and this framework, because we are
5:32
Speaker 3: so well connected with these people and these companies that
5:36
Speaker 3: have been handling on chape payments and pioneering on chain
5:39
Speaker 3: payments from the day that we started Raposa. I'm pretty
5:43
Speaker 3: close with the head of Payments and Commerce at the
5:45
Speaker 3: Salana Foundation, Josh Freed, and he basically described Slana pays
5:53
Speaker 3: any payment. It doesn't have to be the actual Salona
5:56
Speaker 3: pay application, it's any payment that's utilizing Salana to transact
6:01
Speaker 3: with Solana or Solana USDC. So essentially we have integrated
6:05
Speaker 3: Solana pay in our agent as is. I think there's
6:09
Speaker 3: plenty of room to integrate Helio and the incredible tech
6:13
Speaker 3: that they've built and now have been acquired by Moonpay.
6:17
Speaker 3: I think with our partners from Venta, it's very easy
6:20
Speaker 3: and possible for us to bring this agent experience to
6:25
Speaker 3: real life, to our in person events they are in
6:28
Speaker 3: person point of sales provider and integrating Kitsune where it
6:33
Speaker 3: can be more of an experience that understands who the
6:36
Speaker 3: consumer is that's ordering, can make proper recommendations, and also
6:41
Speaker 3: streamline back into our back end, our Shopify back end
6:44
Speaker 3: for inventory management, data collection. All of these things, I
6:47
Speaker 3: think is kind of the vision that we're seeing right
6:51
Speaker 3: is like start with coffee with our existing partners, and
6:54
Speaker 3: then let's see where we can expand from there.
6:56
Speaker 1: All right, so lockdownpack here. I think in general, what okay,
7:00
Speaker 1: so what AI framework are you guys using right now?
7:04
Speaker 1: Are you using Eliza or What's what's kind of the
7:06
Speaker 1: plan here?
7:06
Speaker 3: So it's it's built on Griffin and Griffin has basically
7:11
Speaker 3: developed their own network of agents and what Griffin describes
7:16
Speaker 3: as as they call themselves the super app of Solana
7:20
Speaker 3: and anatotally, the founder of Solana has has also uh
7:24
Speaker 3: you know, called them out as and and and supported
7:27
Speaker 3: them as being this chat gbt esque built on Solana
7:32
Speaker 3: for on chain agents, on chain payments. Right now, Kitsune
7:36
Speaker 3: is built based on their framework, their platform, but we
7:39
Speaker 3: do see a future where we can take Kitsune outside
7:43
Speaker 3: of again, outside of the Griffin ecosystem, where there's applications
7:48
Speaker 3: that can be placed directly on other on our Shopify store,
7:51
Speaker 3: on other brand Shopify stores that we work with, and
7:54
Speaker 3: then in person as well. Right, I think one of
7:56
Speaker 3: the really cool things that is coming up and I
7:59
Speaker 3: saw I think you mentioned on Wednesday's stream is that
8:05
Speaker 3: we actually got a grant from the Salona Foundation to
8:08
Speaker 3: bring agent Katsune into the real world and essentially integrate
8:14
Speaker 3: it with a robotic barista that we'll have at Salona's
8:18
Speaker 3: biggest event in May in New York City. So we're
8:21
Speaker 3: very excited about that as well.
8:23
Speaker 2: That's going to be huge.
8:24
Speaker 1: And of course you guys were able to go live
8:26
Speaker 1: here with some deliveries.
8:27
Speaker 2: I was interested. It was interesting to see you deliver
8:30
Speaker 2: some underwear.
8:32
Speaker 3: First.
8:32
Speaker 2: I love the fact that we that we have that going.
8:35
Speaker 1: And then of course there's Boyoku Bland right there coming
8:39
Speaker 1: in as well, so the first agent to agent purchase,
8:41
Speaker 1: which is kind of interesting. I mean, we are really
8:43
Speaker 1: cracking into a new era in commerce. I think that's
8:47
Speaker 1: the thing that people do not realize here. Shopify obviously
8:50
Speaker 1: one of the biggest platforms out there. The integration that
8:53
Speaker 1: this could mean for Shopify and any Shopify account out there,
8:57
Speaker 1: this could be huge.
8:59
Speaker 3: Yeah, and that's our vision, right and it's kind of
9:04
Speaker 3: why we put a pause on some of the things
9:07
Speaker 3: that we were working on to really hone in and
9:09
Speaker 3: focus on building this out with Griffin. We spent the
9:12
Speaker 3: last six weeks developing and iterating from our Shopify back
9:17
Speaker 3: end and their platform to really make this thing work.
9:22
Speaker 3: If we're able to have brands integrate agent Kadsune via
9:26
Speaker 3: a Shopify app, this will be the easiest way, in
9:29
Speaker 3: my view, to allow brands to enter a new demographic,
9:34
Speaker 3: a new avenue to sell their products and bring them
9:36
Speaker 3: on chain in the most seamless way possible. We already
9:39
Speaker 3: have everything set up. As soon as you integrate Kidsune
9:43
Speaker 3: it will learn everything there is to know about your products,
9:46
Speaker 3: it will set you up with a wallet and then
9:50
Speaker 3: let it do its thing. Right, So all of this
9:52
Speaker 3: stuff has been ingrained essentially in our companies DNA, so
9:57
Speaker 3: understanding how e commerce meets crypto, under standing how physical
10:01
Speaker 3: products meet on chain loyalty, and then of course the
10:05
Speaker 3: on chain payment's part. So right, we are really excited
10:08
Speaker 3: for the future of this well, and.
10:11
Speaker 1: You know, Shopify has been kind of leaning into this
10:14
Speaker 1: for quite some time. There's been a lot of indicators
10:17
Speaker 1: that have shown us kind of the direction of where
10:19
Speaker 1: they're going.
10:20
Speaker 2: I mean, if you look.
10:21
Speaker 1: At Tobias, obviously he sets in as a board member
10:24
Speaker 1: right here on coinbase, so I anticipate we're going to
10:27
Speaker 1: see some more activity coming.
10:28
Speaker 2: Out of that.
10:29
Speaker 1: I want to go over to Agent Consune's Twitter account
10:34
Speaker 1: and it says, yes, as the remainder of my I've
10:36
Speaker 1: deployed my token kit named after myself. A quired thirty
10:39
Speaker 1: percent of the supply vest over six months, ten percent
10:43
Speaker 1: going to riposa who's dedicated one hundred percent of their community,
10:45
Speaker 1: ten percent for future development, framework and interaction, ten percent
10:49
Speaker 1: to partnerships and air drops.
10:51
Speaker 2: So I can infiltrate the minds of many. I love it.
10:55
Speaker 1: And then there's contract address. Obviously we've seen this over
10:57
Speaker 1: on deck screener. I'm looking at it right now. Looks
11:00
Speaker 1: like about forty three hundred holders on the token itself.
11:06
Speaker 1: So this is a good layout of really almost in
11:10
Speaker 1: essence the plan which is in Many people love to
11:13
Speaker 1: see this kind of exposure, but of course it's being
11:15
Speaker 1: an AI agent. Any other plans of what this AI
11:19
Speaker 1: agent is going to do with the token side of
11:22
Speaker 1: Kitsune being.
11:23
Speaker 3: Kid I think the goal right, and we have kind
11:26
Speaker 3: of this detailed plan of token usage and utility that
11:29
Speaker 3: we haven't quite released publicly yet. I've touched on it,
11:33
Speaker 3: but our goal is to integrate it as much as
11:36
Speaker 3: possible with Kitsune, whether it's on the consumer side or
11:40
Speaker 3: the brand acquisition side. We want to incentivize usage of orders,
11:47
Speaker 3: we want to utilize revenue and transaction volume to potentially
11:55
Speaker 3: buy back tokens. Like we're trying to integrate many ways
12:00
Speaker 3: that Kitsune or kit the token specifically is integrated into
12:03
Speaker 3: the agent experience. A lot of I think a lot
12:07
Speaker 3: of agents that have tokens associated with them that we've
12:11
Speaker 3: seen in the past have either gated usage to their
12:15
Speaker 3: agent or experience by requiring a holder to hold x
12:21
Speaker 3: amount of tokens to use this agent, whether it's a
12:23
Speaker 3: trading bod or so on and so forth. That model
12:26
Speaker 3: doesn't make sense for commerce right because we want to
12:29
Speaker 3: encourage as many people as possible to be using this
12:32
Speaker 3: agent and shopping through the agent. What makes sense is, Okay,
12:36
Speaker 3: let's get as much transactional volume through kitsune as possible
12:40
Speaker 3: and see how that way we can support the token
12:43
Speaker 3: through buybacks or holding x amount of token to get
12:48
Speaker 3: three months worth of coffee, or hold x amount of
12:51
Speaker 3: token to get thirty percent off all products sold through kitsune, right,
12:55
Speaker 3: like incorporating it into our irl events. There's a ton
12:58
Speaker 3: of stuff that we have planned more than your typical
13:02
Speaker 3: AI agent in crypto.
13:04
Speaker 1: A lot of people will say, well, okay, well, what's
13:06
Speaker 1: the argument for an AI agent needing to use crypto?
13:10
Speaker 1: Give me give me your response to that. For brands
13:14
Speaker 1: that are out there asking that question right now.
13:16
Speaker 3: It is the most free, trustless and seamless payment processing possible.
13:26
Speaker 3: You don't have to avoid your two to three percent
13:29
Speaker 3: fees from credit cards from PayPal, don't wait days for
13:33
Speaker 3: money to clear to hit your account. There's so many
13:36
Speaker 3: applications now and I think now with this pro crypto
13:39
Speaker 3: administration in place, we're going to start to see a
13:43
Speaker 3: lot more regulations where a lot more big companies. And
13:47
Speaker 3: I've already seen it personally, which I can give. I
13:49
Speaker 3: could give a little story about a lot of big
13:51
Speaker 3: companies wanting to accept USDC or Stables or even Swana
13:56
Speaker 3: or other cryptos as payment. The problem is that it's
13:59
Speaker 3: still pretty hard for especially companies that have e commerce
14:03
Speaker 3: stores to do that. There's a Salona Pay Shopify plug
14:07
Speaker 3: in that requires definitely a bit of onboarding. But what
14:11
Speaker 3: we're basically proposing here with agent Katsune is that you
14:16
Speaker 3: are able to have this twenty four to seven digital
14:19
Speaker 3: worker that is ingrained in web three right that can
14:23
Speaker 3: do that, can do Salona play pay plus more that
14:27
Speaker 3: could eventually integrate with your marketing flows, Utilize your existing
14:31
Speaker 3: discounts to push the right ones based on the consumer preferences,
14:35
Speaker 3: create autonomously create new discounts to push that specific customer
14:41
Speaker 3: to make an additional purchase, increase revenue, and you're saving
14:47
Speaker 3: across the board, right Like It's kind of a no
14:49
Speaker 3: brainer and a very low cost. Just from an onboarding perspective,
14:53
Speaker 3: It's going to be seamless, it's gonna be easy, and
14:56
Speaker 3: the cost will be minimal.
14:58
Speaker 1: So you've been able to do this within the Raposa brand.
15:02
Speaker 1: You look at open ai and just look at opening Operator.
15:06
Speaker 1: This is an example right here on Instacart. This is
15:09
Speaker 1: a pretty big breakthrough, you know, when you think about
15:12
Speaker 1: agentic commerce in general. So really when you look at that,
15:17
Speaker 1: first of all, is this potentially going to break what
15:21
Speaker 1: we've already seen developed so far out of the companies
15:24
Speaker 1: like open ai and others that have already kind of
15:26
Speaker 1: moved into the e commerce space.
15:28
Speaker 3: As we build, we will begin to compete with stuff
15:31
Speaker 3: like open ai. The speed of the industry is really fast,
15:35
Speaker 3: and I think we're extremely determined and well positioned to
15:38
Speaker 3: begin to compete with some of these things in the
15:41
Speaker 3: near future.
15:41
Speaker 1: The speed to market in which crypto or Web three
15:45
Speaker 1: native developers move versus traditional Web two it's not even
15:50
Speaker 1: it's not even on.
15:51
Speaker 2: The same planets.
15:52
Speaker 1: So that's a huge that's a huge opportunity going forward.
15:55
Speaker 2: All right, let's talk about cups.
15:57
Speaker 1: This is your NFT collection, any integration that will come
16:01
Speaker 1: into the NFT collection with kitsune. Is there a tie
16:05
Speaker 1: in here at some point?
16:07
Speaker 3: Yeah. I think the beauty with cups and what we've
16:10
Speaker 3: built for the last two and a half years with
16:12
Speaker 3: them is we have this die hard community of brand
16:16
Speaker 3: loyalists who ride or die for Raposa, and we basically
16:20
Speaker 3: have this built in beta test network to send them
16:26
Speaker 3: to go try kit, break it, tell us what's wrong,
16:29
Speaker 3: tell us what's good right, and we have this community
16:31
Speaker 3: that allows us to iterate more quickly. I think from
16:36
Speaker 3: a reward or loyalty standpoint, the same things that we
16:41
Speaker 3: offer in the store will apply through kitsune, so discounted products,
16:45
Speaker 3: this discount of coffee, if you're holding these things. And
16:47
Speaker 3: as you pointed out just before, with the tokenomics, we
16:51
Speaker 3: have received ten percent of the kit token allocation and
16:55
Speaker 3: we've dedicated all of it to the Raposa community. So
16:59
Speaker 3: we have announce yet how that will be released, how
17:03
Speaker 3: that will be rewarded, but it is something that we
17:07
Speaker 3: aren't rushing to do because we want to make sure
17:09
Speaker 3: we do it right. We have this new community of
17:11
Speaker 3: kit holders specifically that we want to make sure that
17:14
Speaker 3: they're treated right as well. So it'll be a delicate balance.
17:18
Speaker 3: But I think what has happened is that we've expanded
17:22
Speaker 3: now the realm of our posta supporters and who believe
17:27
Speaker 3: in this vision that we're pioneering coffee's digital frontier. And
17:31
Speaker 3: I think that, and we talked about this last time
17:33
Speaker 3: I was on here, that support, that community support is
17:37
Speaker 3: something that brands pay hundreds and thousands and potentially millions
17:42
Speaker 3: of dollars for. We launched when Solano is twenty dollars
17:47
Speaker 3: and we're here today and luckily have developed a very
17:50
Speaker 3: close relationship with the Foundation. We do all of their events,
17:53
Speaker 3: They stock our coffee and their offices, and I have
17:57
Speaker 3: no doubt that they'll help to continue to push forward
18:01
Speaker 3: and Kitsune and Riposa as all well.
18:03
Speaker 2: I like it.
18:04
Speaker 1: I think we're going to see some pretty cool things
18:06
Speaker 1: coming from you guys. I got to jump to the
18:09
Speaker 1: idea of gaming right now.
18:11
Speaker 2: I'm just showing.
18:11
Speaker 1: Virtuals here, but if you look at and I'm kind
18:14
Speaker 1: of zoom in on this a little bit, you'll notice
18:16
Speaker 1: there's some locations in here, and then there's a bar.
18:18
Speaker 1: You know, why couldn't that and why couldn't we see
18:21
Speaker 1: coffee bars inside especially as you get Kitsune out there,
18:25
Speaker 1: which is an agent. It's a commerce agent, so you've
18:27
Speaker 1: got the capacity of in game. And we've talked about
18:31
Speaker 1: this with the guys over at Bite to talk about
18:34
Speaker 1: how this could really change in game ordering and integration
18:38
Speaker 1: with things. What is the possibility of going that direction.
18:42
Speaker 3: I think it's highly likely. We've had several calls already
18:47
Speaker 3: with similar metaverse type companies as virtuals. We actually did
18:54
Speaker 3: like this beta test almost a year and a half ago,
18:57
Speaker 3: I think before I was on last time where we
19:01
Speaker 3: had a partnership where they purchased a I forget how
19:05
Speaker 3: many gift cards, and what they did was they put
19:08
Speaker 3: those gift cards in their virtual store in the metaverse
19:12
Speaker 3: to give out as rewards to their holders or their
19:16
Speaker 3: their players. And I guess that next step is right,
19:19
Speaker 3: Like we can actually have Kitsune enter a metaverse as
19:24
Speaker 3: an agent and set up a Raposa storefront or x
19:27
Speaker 3: y Z storefront brand storefront and have that shopify connection
19:33
Speaker 3: built in right and basically have the inventory, have the
19:37
Speaker 3: purchasing and as these players have currency or their metaversus
19:43
Speaker 3: tokens or USDC whatever it is, we can allow them
19:46
Speaker 3: to shop agentically and I think that's a huge step
19:50
Speaker 3: and I think we'll start to see a lot more
19:52
Speaker 3: of these, like in in game shopping experiences that are
20:00
Speaker 3: not only autonomous but supporting the un chain payments.
20:03
Speaker 1: Right, yeah, Key, I was looking at this tweet by
20:06
Speaker 1: Helio and if you look at this, you got Helio Shopify,
20:09
Speaker 1: Salona Pay, also Moopey all merging now, which is kind
20:14
Speaker 1: of all part of this. What does this mean for
20:18
Speaker 1: e commerce, especially around Web three in the future.
20:22
Speaker 3: Yeah, yeah, I think so that plug in specifically, we've
20:27
Speaker 3: seen a ton of innovation. I think that was for
20:29
Speaker 3: almost well over a year ago and we were one
20:34
Speaker 3: of the first storefronts to integrate that plug in, so
20:37
Speaker 3: we were accepting Salona pay just from the normal checkout.
20:41
Speaker 3: We were able to give automatic discounts to our holders
20:43
Speaker 3: through that plug in, and they've done incredible and credible work. Right.
20:47
Speaker 3: Agent Consune takes that one step further, Right, It's like,
20:51
Speaker 3: now you have this agent who can autonomously sell your
20:56
Speaker 3: products in the most efficient way possible, make sure your
21:00
Speaker 3: customer is not getting anything that they won't like. Right, Like,
21:05
Speaker 3: the more people we have working on them, the quicker
21:07
Speaker 3: will get to this step where everyone will want to
21:10
Speaker 3: use them.
21:11
Speaker 1: Yeah, I think this is going to be a big deal.
21:14
Speaker 1: With coffee along with other products that are direct to consumer,
21:18
Speaker 1: recurring memberships or subscriptions are pretty common. Do you think
21:22
Speaker 1: that is something that will be integrated all into this
21:25
Speaker 1: in the future.
21:27
Speaker 3: One hundred percent being able to have an effective variability
21:32
Speaker 3: to subscriptions, right, because maybe somebody doesn't want the same
21:35
Speaker 3: exact thing every month on the same day. But if
21:38
Speaker 3: we can have an agent that is learning the consumer's
21:42
Speaker 3: typical buying patterns where a subscription might not be necessary
21:46
Speaker 3: but it's essentially built in, right.
21:49
Speaker 1: Well, that's the thing right there, because retail, I mean,
21:51
Speaker 1: I'm a member a subscriber of many a lot of
21:55
Speaker 1: direct to consumer products, and I look at the way
21:58
Speaker 1: because I have a habit with certain things, is that
22:00
Speaker 1: you kind of have to cycle through. Even Amazon to
22:02
Speaker 1: a certain extent does this now with setting up subscriptions.
22:06
Speaker 2: But the problem is is that it doesn't really know
22:08
Speaker 2: your use habits.
22:08
Speaker 1: It doesn't have that connection that maybe an agent would,
22:13
Speaker 1: which would eliminate a lot of this kind of scenario
22:15
Speaker 1: that we're facing, you know, in the subscription side of
22:18
Speaker 1: the business today. So I agree with you. One other
22:20
Speaker 1: thing I want to hit on is gift cards. So
22:23
Speaker 1: I'm looking over at GGX, and this is a good
22:26
Speaker 1: example when you look at gift cards as potential air drops. Okay,
22:31
Speaker 1: could an AI agent at some point get into where
22:34
Speaker 1: you could start seeing arbitrage around gift cards based on
22:38
Speaker 1: let's say, for instance, you're a Chipotle you know, let's
22:41
Speaker 1: jump over. Well, we're on the Chipotle page right there,
22:43
Speaker 1: and you you know, for whatever reason, an air drop
22:47
Speaker 1: has dropped to me. But I'm not a Chipotle user, okay,
22:50
Speaker 1: And I want to arbitrage or I want to go
22:52
Speaker 1: to an open market and sell that to a you know,
22:54
Speaker 1: someone that is a user. And the potential for that
22:57
Speaker 1: obviously having access to that wallet information and how that
23:02
Speaker 1: you know, retail user is consuming products, that's going to
23:06
Speaker 1: be a pretty big deal. Do you think that would
23:07
Speaker 1: be something in the future that could go down in
23:10
Speaker 1: the gift card space.
23:12
Speaker 3: I could see that being a possibility for sure. I mean,
23:15
Speaker 3: it's funny you brought up gift cards because we we
23:17
Speaker 3: even did that in the early days of raposa cups
23:21
Speaker 3: NFT collection is we tokenized gift cards and discounts and rewards,
23:26
Speaker 3: and because we did that, we allowed them to be
23:30
Speaker 3: tradeable and shoppable. So we we had supporters in the
23:34
Speaker 3: early days actually that loved the idea but didn't love
23:37
Speaker 3: coffee funny enough, right, And if they won a gift
23:41
Speaker 3: card in one of our giveaways and they want, you know,
23:43
Speaker 3: one hundred dollars off the store, like, we allowed them
23:46
Speaker 3: the opportunity essentially by tokenizing it to go on one
23:50
Speaker 3: of the NFT marketplaces, listening it and having someone by it.
23:54
Speaker 3: So I think for sure, if there's a way to
23:56
Speaker 3: automate that process where it's going from going to somebody
24:01
Speaker 3: that the agent knows exactly needs it, I think there's
24:05
Speaker 3: there's something there.
24:07
Speaker 2: Well, the size of this market.
24:08
Speaker 1: I was looking at some of the data coming in
24:10
Speaker 1: from the Market Insights closed loop gift cards around two trillion,
24:15
Speaker 1: four trillion on the overall market value by twenty thirty two.
24:19
Speaker 1: So just that's a massive market for where griff are
24:24
Speaker 1: so interesting stuff out here. I want to go to
24:26
Speaker 1: another I want to get your opinion on this, because
24:28
Speaker 1: this is something that's happening right now. Obviously we know
24:31
Speaker 1: and have talked about Solana and the seekerphone, the Saga
24:34
Speaker 1: prior to this, the potential here for air drops, agentic commerce,
24:41
Speaker 1: and the potential for tying in projects and brands. All
24:45
Speaker 1: of this now kind of really a new marketing tool.
24:49
Speaker 1: Any plans to work with Solona on the Seeker.
24:52
Speaker 3: Agent, Kntsun will be on the Seeker because Griffin will
24:58
Speaker 3: be integrated with Salon a Seekert. So from my understanding
25:04
Speaker 3: that it will be kind of like this the chat
25:06
Speaker 3: GBT of the Salona Seekert. So within Griffin, you'll be
25:09
Speaker 3: able to find Kitsune, which is running the commerce hub,
25:13
Speaker 3: and be able to interact and shop with it directly
25:15
Speaker 3: on the phone. And I think that's step one, right,
25:18
Speaker 3: Like we want to expand, uh from there, But I
25:20
Speaker 3: think just you know, we love our partners at Griffin.
25:25
Speaker 3: We couldn't have done this without them. They couldn't have
25:27
Speaker 3: done this without us, with with going through all of
25:30
Speaker 3: the pains and the and the struggles with Shopify integrating
25:34
Speaker 3: and our experience and data from being an on chain
25:38
Speaker 3: brand for for the last two plus years. But yeah,
25:42
Speaker 3: I think we're We're grateful to be in that ecosystem
25:45
Speaker 3: for sure.
25:47
Speaker 2: Very cool. What do you what is your take on this? You? Uh,
25:51
Speaker 2: you look at.
25:51
Speaker 1: What's happening with Trump and many of his you know
25:55
Speaker 1: efforts in the blockchain space.
25:57
Speaker 2: Uh, the one.
25:58
Speaker 1: Of his brands, the Cologne brand, basically is taking Salona
26:02
Speaker 1: pay right now. So you've got Salana pay jumping in.
26:05
Speaker 2: Do you think this could.
26:06
Speaker 1: Be a scenario where there's a breakthrough moment on especially
26:12
Speaker 1: web two retailers they could potentially start to integrate in
26:16
Speaker 1: much like we've been talking about with being able to
26:18
Speaker 1: take USDC, banks are now eventually going to start custing crypto.
26:23
Speaker 1: Even the FED mentioned this the other day with char
26:26
Speaker 1: Powell saying, Hey, yeah, it's okay for banks to whole crypto.
26:29
Speaker 1: We think the tides are changing. How quickly do you
26:33
Speaker 1: think we're going to see this on more websites?
26:36
Speaker 3: Man, I know that it's happening so fast. I've been
26:42
Speaker 3: the liaison of a few publicly traded companies with the
26:48
Speaker 3: Salana Foundation Payments and Commerce team. This urge to kind
26:53
Speaker 3: of be the first in a specific industry to start
26:58
Speaker 3: accepting Salana pay, start accepting crypto or salantapay in general.
27:02
Speaker 3: It allows people and brands the opportunity to still receive
27:07
Speaker 3: US dollars to their bank accounts and not necessarily USD
27:11
Speaker 3: to a crypto wallet. So people are starting to do
27:15
Speaker 3: this now. But I think as soon as there's more
27:17
Speaker 3: regulation about like how USDC should be handled in accounting
27:21
Speaker 3: and these crypto transactions, specifically with accounting and taxes, I
27:25
Speaker 3: think the more we'll see like people don't want to
27:29
Speaker 3: do that right because there will be fees with any
27:31
Speaker 3: sort of auto off ramping exactly, And we're going to
27:34
Speaker 3: start to see more and more, and.
27:36
Speaker 2: Yeah, the time is here. Finally.
27:39
Speaker 1: We've been talking about this for I feel like five
27:42
Speaker 1: years that this evolution is coming, and now we're actually
27:47
Speaker 1: starting to see it. Obviously, the element of AI and
27:50
Speaker 1: AI agents I think are going to speed this up,
27:52
Speaker 1: especially on the commerce side of things. So I'm very
27:55
Speaker 1: happy that it's you guys that are out there doing
27:57
Speaker 1: it so as a friend of the show, and it's
27:59
Speaker 1: always love up to a good thing to kind of
28:02
Speaker 1: catch up with you and what you guys are doing.
28:03
Speaker 2: So thanks for coming in on the show today. We
28:05
Speaker 2: appreciate it.
28:06
Speaker 3: Yeah, thanks for having me, and yeah, keep it up.
28:09
Speaker 3: I always love watching you in between them when I'm here.
28:12
Speaker 1: So get to work, man, what are you doing watching us?
28:15
Speaker 2: Get to work? I know I know, good scene, Andrew.
28:18
Speaker 2: Thanks again. We'll talk to you soon.
28:20
Speaker 3: Awesome, Yeah, talk to you soon, you bet.
28:23
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