how do you hedge against AI?
@AriEmanuel chairman of @WME + @TKOGrp which owns the UFC, WWE
- one of the great talent agents of all time (basis for Ari Gold in Entourage)
recently launched MARI, a live ent. co. (key investments like @IMGTennis), w/ $2b backing from @silverlake_news, arguing ..
- the right counterweight to AI is not data centers ...
- but human experience ..
- citing hotel bookings that indicate we're already at 4 day workweek / trending towards 3
at it's core stage @stagedotfun is designed
- as an engine to democratize the financing of live entertainment
- from internet capital markets
a new silverlake, for new kind of entertainment
can crypto help us maintain human connection?
clipped from @theallinpod w/ @chamath here:
aron lewis on tucker: the music industry is broken at the foundation
"the problem is the operating system, it’s not decent … unless they change the entire formula … the business itself is lecherous”
this is the fundamental big swing in crypto x entertainment and at @stagedotfun on @monad
- shortcut the labels and trad promoters by getting capital from the internet
- make your money from shows and merch sales
- build a new pipeline for content distribution through new media
the path is trecherous, but the mission is clear.
🎙️ @sergiofly, Head of Stablecoins, @Anchorage
Sergio leads stablecoin strategy at Anchorage Digital, helping institutions integrate stable digital money at scale.
Hear from him at Stablecoin Summit on what’s next for stablecoin infrastructure.
📌 Andaz Singapore
🗓️ 2 Oct
fix the timeline, fix @monad.
at foundry @0x_eunice presented a slide on what was essentially a fully crypto native GTM. orbit expansion from niche (monad) twitter -> CT -> real world.
first. you can go straight to your "real" customer. Bridge (@Stablecoin) was sold for 1.1b w/o any meaningful CT presence.
if you want to go native, saturating @monad mindshare is already competitive. study @1stBenjaNAD (engagement), @0x_yash21 (opinion), @ThogardPvP (right brain).
i believe in other non-cringe alts (@HyperliquidX / @AbstractChain / @megaeth) are the best place to grow the conversation on the TL.
why? they all care about products crypto actually uses. different takes, same goal.
i'm expanding my orbit. hopefully reduces yaplsop % on my TL.
wdyt? are we ready to have a bigger conversation?
some fun facts about stablecoins on @monad
1. native USDC day one (like holding real dollars)
2. SDK and zealot @rparekh at the foundation to integrate with end customers (SMBs, fintechs, banks)
3. we are early
proof
GENIUS will go through the house
- USD-pegged stablecoins with federal oversight will be regulated 👉 no more reserve fud
- 1:1 reserves in cash or treasuries 👉 no more reserve fud
- approved banks, fintechs, or state issuers < $10B can issue 👉 citi-coin
x - no yield (folding to banks)
passed in the senate, will go through in the house. @stable_summit wen david sacks?
Last chance for Early Bird tickets!
Stablecoins are going live in global trade, treasury ops, and institutional payments. Learn how it’s actually being done.
Early Bird pricing ends in 24 hours: https://t.co/BKCo8UYIRP
Monad Foundation has acquired @portal_hq
Portal’s stablecoin infrastructure platform allows any business, bank, or financial institution to accept stablecoin payments - currently powering millions of dollars in daily settlements.
Read more on the acquisition below ⤵️
Putting electricity in every house brought society into the modern era. Putting stablecoins into every company will have a similarly massive impact.
Today, I am excited to announce that the Monad Foundation has acquired @portal_hq, a leading stablecoin infrastructure provider.
Portal powers millions of dollars of daily stablecoin settlement through its powerful SDKs that make it super easy for web2 companies to add stablecoins to any app.
Portal's tools are an incredible accelerant for crypto adoption. We’re excited that they will be doubling down on their mission to put stablecoin capabilities into every company and every app.
I am also pleased to welcome @rparekh, cofounder/CEO of Portal, to the Foundation as Head of Payments and Stablecoins.
Prior to founding Portal, Raj was a founding member of Visa’s global crypto product. He’s been working to grow the adoption of crypto for payments since 2017, and brings exceptional expertise and pragmatism to our team.
The combination of Monad and Portal will have a huge impact on accelerating stablecoin adoption. Just as the electric dynamo put electricity in every house, we’ll look to put stablecoins in every business.
Here is why Monad and Portal are an awesome match:
Stablecoins are poised to transform the global economy:
- They make money borderless, breaking down barriers and creating opportunities for workers in developing economies.
- They allow businesses to tap into global lending markets and talent pools.
- In developing nations, they give the underbanked access to better tools and more stable currencies.
- Even for big companies, they offer an array of benefits, including rapid settlement and powerful treasury management tools.
Stablecoins will be so transformative in the next few years, but they need technology to fuel their growth. Specifically, they need:
- super high processing power and super low fees
- the network effects of full EVM compatibility
- powerful SDKs that make it easy for non-crypto-native businesses to onboard
- and most of all, they need true decentralization – because a borderless economy and a borderless asset ledger won’t run on a centralized server.
The combination of Monad and Portal offers a solution to this exact set of needs.
Portal represents the missing piece for Monad. Technology; decentralization; community; killer builders; now payments and stablecoins.
All in one.
Monad Foundation has acquired @portal_hq
Portal's out-of-the-box toolkit makes it incredibly easy for developers to add crypto payments to any app
Monad is the all in one developer playground
🎙️ @newmichwill, Founder, @CurveFinance
Michael Egorov built one of DeFi’s most influential stablecoin AMMs, and helped kick off a new era of onchain liquidity.
Join him at Stablecoin Summit to explore what’s next for stablecoin infrastructure.
📌 Andaz Singapore
🗓️ 2 Oct
5 days left for Early Bird tickets!
Join us to explore how stablecoins are enabling privacy-preserving compliance, powering institutional operations, unlocking global liquidity, and more.
Get your ticket now 👇
https://t.co/BKCo8UYIRP
We're still not over the vibes! Still feeling the energy you all brought to the function.
Hope you are too 💖
Big love to everyone who showed up, spoke up, and helped build real things in Cannes.