.@joinsendr CEO Varinder on how they use stablecoins to send money home in 15 minutes, without users ever touching crypto: “The main idea here is to hide the stablecoin rails. Instead of telling you, okay, you need to convert stablecoins from your pesos to USDT, then USDT goes to Indian rupees. So much chaos for an immigrant or a freelancer.” “You send us pesos or US dollars to Sendr, and Sendr automatically converts into USDC or USDT, which is a stablecoin rail, through our license partner that we have, and it goes directly to that license partner in the destination country.” “For example, that USDC goes to our license partner in India, and that partner basically offramps into Indian rupees. So the user never touches a stablecoin or crypto. He just wants his money delivered to his family.” “We said okay, you guys give us 15 minutes. You send us dollars, in 15 minutes your money will be delivered to your parents’ bank account, directly, bank transfer.”

Credible crossing $1.5B in payments, Rip Cars hitting new volume ATHs, and Umbra expanding to Robinhood Chain...plenty happened this week across the @MetaDAOProject ecosystem! Here’s the recap: @ripcarsio hit new ATHs with more than $300K in daily volume and 2,400+ packs ripped. @loyal_hq put forward LOYAL-004 on MetaDAO. The proposal would move half of the DAO’s LOYAL/USDC liquidity from the FutarchyAMM into the treasury. @crediblefin crossed $1.5B in cumulative payments volume, adding $500M in less than three months after reaching $1B in August. @MetaDAOProject postponed the @overdotcomputer raise while the team adapts its legal structure. @UmbraPrivacy expanded to Robinhood Chain, bringing its privacy infrastructure to the network. @solomon_labs partnered with Swig to strengthen the safeguards around USDv’s liquidity operations.

Jurassic Finance CEO Sora on why a famous dinosaur beats one that's been sitting in a basement, even if they're identical: "Imagine there's two dinosaurs at an auction, they're the same. So one dinosaur comes up, it's been sitting for 20 years in some guy's basement or whatever, and nobody has ever heard of him, but it's still a good specimen. It's going to keep the price." "And then next comes another dinosaur that's been in the museum, that's been in the news, that people have photos of him with, little children have toys of him, people have paperweights of him. It's known. They hear Deaton and they know what it is, while this is just another Triceratops head." FT @Sora_i_guess @JurassicFi

New records for @ripcarsio. $300K+ in daily volume and already 2,400+ packs opened on the platform. For context, the team initially raised on @MetaDAOProject in July. After months of building, their Hot Wheels gacha platform went live on September 14. Since then, volumes have been climbing steadily, demonstrating strong signs of PMF. Rip Cars also closed an additional $1.5M funding round last week.

David says AI will end the era of mass manufacturing: your agents will order products made just for you, without you even being in the loop. “One of the things that AI is gonna bring to the world is tailored manufacturing. This era of mass manufacturing that started kind of the Industrial Revolution and got really, really optimized and honed in the 20th century, I think we’re approaching the end of that era.” “It might take 5, 10, 20 years to have full adoption with retail, but the era we’re going to is an era of moving from mass production to automated tailored production.” “Eventually you will just have new supply chain companies that are designed around creating tailored products instead of creating mass products.” “Your AI agents will basically understand what you need and interact with those APIs and create a specific item that is tailored to exactly what you need, manufactured for you and sent to you, and you won’t even have to be in the loop.” “That’s where I think the world is going, and I think it’s gonna be across everything, whether it’s clothing and fashion, and definitely things like hardware, furniture, houses.” FT @d3h3d_

Jurassic Finance CEO Sora on what's next for Deaton: a museum display in Arizona or Utah, likely within a month. "Right now Deaton is still sitting in the facility in the box, so he's not displayed. We're sending messages and information about Deaton to a bunch of museums around Arizona and Utah, so it's probably going to get displayed there in the next month, essentially." "Why we're doing that is so we don't have to pay for maintenance, we don't have to pay for insurance, we don't have to worry about it, and Deaton is going to get so much PR coverage. People are going to be able to actually see it, and it's going to become kind of famous." FT @Sora_i_guess @JurassicFi

David on why quantum computers are a bigger threat to onchain privacy than onchain security: "Our world runs on encryption. There's obviously always risk the moment that there's data, but this is not something that I would consider a high risk." "Right now we have demos built to show how you do that. You use an ephemeral key. So you generate some sort of signature with your local key, like your passkey or your YubiKey, and then you use that in order to create an ephemeral key that is the encryption or decryption key for storing the user share." "So unless someone has access to the passkey or the YubiKey, they won't be able to decrypt it, just like you're not able to decrypt anything today in the world." "Then we can talk about quantum computing and what risk that poses for things that are encrypted onchain, but that's a whole other conversation. This is a security encryption, it's not a privacy encryption. With privacy, what you do is you harvest now and you decrypt later." "But with security, the moment that there's an actual quantum risk, then it doesn't matter that you have the old key, because it doesn't mean anything." FT @d3h3d_

"Buying Deaton is essentially buying an asset at a 50% discount." Jurassic Finance CEO Sora on why they're using their own funds to buy back tokens until they're at NAV: "What we learned from this is definitely that we should be handling liquidity differently. We did hear a lot of stuff like, you should have taken more percentage, so then you could make bigger liquidity pools, similar to how the guys at MetaDAO and Backable do it." "But then you have to pay a bigger premium on the asset you're buying. So we could have easily kept more, let's say 20% in total, but then you would have to pay essentially a 20% premium for the asset, and this way we kept it pretty lean." "We kind of scrapped the buyback fund, so we will use our own funds, because we believe in these assets so much, to buy back these tokens until they're at NAV. Because right now, buying Deaton is essentially buying an asset at a 50% discount. Not financial advice." FT @Sora_i_guess @JurassicFi

David says the Solana Foundation doesn't give anyone special treatment: build a good product, and the attention follows. "Solana Foundation are great, but I think they're not offering any special treatment to anyone. From their perspective, this is a free market." "If you have a good product, then you'll get traction, and then obviously you'll get more attention. And kind of the byproduct of that is the foundation is more engaged." "They know us, they made intros, but it's not like they're helping us with our job, which is building our stuff, bringing it to Solana, making sure developers know about it and use it." "The Solana community and ecosystem is filled with people that are just super helpful on anything, from technical through marketing. A big shout out goes to the whole Superteam kind of structure that I think is a really amazing thing in Solana." "Solana is a huge ecosystem with a lot of developers and developer velocity, which is exactly what a platform like us needs. Everything around it is more of a bonus, but nothing that we should be dependent on." FT @d3h3d_ @solana

Over founder Lili on how the Hyperliquid model could make trading sustainable: let traders own the house. 8bit: "If so many people are losing, how sustainable is the industry? Maybe we can look at trading somewhat as like an entertainment thing, like we pay for the experience." Lili: "The entertainment angle is real. You can see from GameStop, for example, WallStreetBets. Also in crypto, like meme coin. If you like doing something fun once in a while, you lose a bit, it's also fine." "However, for the bigger, more serious size, I do think that it needs a substance underneath. This is what the stock market already did. The money that is go inside the stock trading is actually funding the real business and services." "So now it's not just like 1 + 1 equal 2, but it's equal 3. The best thing that we could do is that we let traders own the house. This you can already see, more or less, on Hyperliquid." "The latest number is that all their revenue, maybe 97%, going to buy back. People sort of own the revenue. I think this model works very well, and this could make it like truly a sustainable ecosystem going forward." FT @lililashka @overdotcomputer

“Build your own hardware wallet at home.” David on his open-source spec that lets anyone use an AI agent to build an offline hardware wallet, without trusting any provider: “So I’ve been working on this open-source spec of, I call it a vibe-manufactured hardware wallet. Basically, anyone will be able to just get an .md file to feed to their agent into building their own hardware wallet at home without having to trust any provider.” “So you’ll be able to have a hardware wallet that you built yourself, and that you never trusted anyone. You ordered all the parts, you never trusted anyone for anything. It’s fully air-gapped. It never connects to the internet.” “You get the transaction with the camera, and then you submit the signature with the QR code, and nothing ever touches the internet. You can verify all the firmware and everything directly with the open-source code.” “This is going to be a very generic hardware wallet, but it will also have an Ika mode, which means you won’t have to have the full key on the hardware wallet. You’ll be able to just have the user share and an authentication key, and that will only have a specific spending amount that you will define in a policy on Solana.” “You’ll be able to use these things for recovery, in case you lose the device or someone steals it. So basically, taking all of the problems that you had with legacy hardware wallets and making them go away with a smart policy on Solana using Ika.” FT @d3h3d_ @ikadotxyz @solana

Big milestone for @ripcarsio. The team has now closed a $1.5M strategic round backed by funds and angel investors. This raise follows the approval of the RIP CARS-003 proposal, which authorized the minting and sale of new CARS tokens to fund the company's next chapter.

Jurassic Finance CEO Sora on the Deaton raise: $300K in 2 hours, a 2-week stall at $400K, then a mystery investor dropping $150K at the last minute. 8bit: "How did the process go? Were there any challenges or obstacles along the way? And most importantly, what did you learn from this for future raises?" Sora: "We definitely didn't plan the exact timeline of how much funding is going into it. So that's why we put it at a really long time, 30 days, which we thought was more than enough, and turns out it is." "In the first 2 hours, it got over $300,000, and then we were so excited. We thought this is going to finish in the next hour. Then we kind of entered a stalemate around $400,000, where it stayed there for around 10 to 15 days." "In the last week, we just started having a bunch of calls, hitting up non-Web3 people who were big into dinosaurs, big into collecting natural history items. And magically, it filled with some of the people we know and a mysterious guy who put $150,000 into it in the last minute." 8bit: "What does that tell you, that somebody put in $150K like that? That's kind of mind-boggling." Sora: "That shows that people trust us enough, and they like dinosaurs enough, to just deploy $150K into some random company who has 7,000 followers on Twitter." FT @Sora_i_guess @JurassicFi @8bitpenis

"When you trade, you trade against the house." Over founder Lili on the size of the prop trading industry, and where its payouts actually come from: "The biggest prop firm at this minute, I think it's called FTMO. So the whole industry is a couple of billion worth." "The typical prop firm, the payout would usually come from people, losers. Because when you participate in a challenge, most retail lose. I also wrote an article on this. Basically, most retail, I don't know, from 70 to 80%, will lose." "In the prop business, usually the company is the house. So when you trade, you trade against the house. It is not a neutral infrastructure per se. And the house usually pays you from those who actually lose before you." "That's how it works in the typical prop firm ecosystem, but we actually do something quite different." FT @lililashka @overdotcomputer

David on the next big opportunity for the ownership ecosystem: mature companies stuck between VC and IPO. “The market segment that should be approached now is actually more mature companies, and not necessarily new companies. Companies who have revenue, but they were supposed to be hyper-growth companies, but never became hyper-growth companies. They just became revenue-generating companies.” “You have hundreds, maybe thousands of these companies just in California, where investors invested a bunch of money, the company started selling, they have some revenue, but it’s not growing, so they can’t raise more VC capital.” “They are just stuck in this kind of limbo where they can’t go public. They’re not big enough to go public. They can’t raise venture funds. So then either they get sold to private equity, or they just plug along to hopefully one day become big enough to go public. And a lot of those investors have their funds locked there.” “This, I think, is a really big opportunity for the ownership ecosystem, targeting these kinds of companies and bringing even just the first one to be able to do their launch. You can think about it like an IPO alternative.” “Their investors and their employees and everyone will get liquidity, and you will have a real business that is managed with decision markets onchain. I think that’s the next step of really testing out the thesis.” FT @d3h3d_ @MetaDAOProject

Ownership Report #20#: Jurassic Finance (@JurassicFi) Jurassic Finance tokenizes dinosaurs, and we caught up with CEO Sora (@Sora_i_guess) after closing the first public onchain dinosaur sale. The raise brought in $660K over 30 days for Deaton, a museum grade Triceratops skull. An OTC round for the RAWR token, a gacha where the top 1% of pulls are real dinosaur grails, and an onchain auction house to rival Sotheby's and Christie's. 0:00 Welcome, and checking in with Jurassic Finance 0:43 What Jurassic is, and $660K raised for Deaton the Triceratops 2:48 Over $300K in two hours, then a stall at $400K 3:19 Calling collectors, and a mysterious $150K at the last minute 4:08 Liquidity pools and the premium trade off 4:45 Scrapping the buyback fund, and Deaton at a 50 percent discount 5:17 What's next for Deaton, and museums in Arizona and Utah 6:24 Why a famous dinosaur sells for more at auction 7:54 The OTC round, and a performance package to stay at 50 percent 10:19 A gacha with Pokemon cards and dinosaur grails 12:10 Why gacha, and why it's hard to flex a fraction 14:15 An onchain auction house against buyer fees of up to 28 percent 15:04 IRL auctions at Consensus and Breakpoint, beyond dinosaurs 16:12 Gacha by the end of the year, and why the auction house takes longer 18:00 The next upgraded dinosaur raise 18:49 How contractual rights work, and why the sale price matters This show is sponsored by @MetaDAOProject.

Over founder Lili on how prop firms differ from other forms of trading: you pay to trade a simulated account, and get paid only if you hit the target. "A prop firm is an entirely different category, if I may say. It is not a trading platform per se, it's more like an evaluation platform, in a sense where everything that you see on the screen trading on is simulated." "Prop firm, I would say, has 2 main qualities. First, all these trading assets underneath are simulated. Most of the good prop firms use a real data set. So it's real data, simulated asset trading." "Second is that in order for you to get a payout, you would need to complete certain parameters within the episodic trading session, which is kind of different than some other trading platforms." "For a prop firm, you usually do not deposit margin or anything. So you pay kind of the ticket to get access to a bigger demo size, and then you trade on that. Once you hit a certain target, then you get a payout." FT @lililashka @overdotcomputer

Ownership Report #20# 📰 @Sora_i_guess from @JurassicFi joins @8bitpenis for a livestream to talk about what's next for Deaton, their tokenized Triceratops fossil, and Jurassic Finance's long-term vision. We’ll get into the latest developments around Deaton, the next steps for the project, and how Jurassic plans to expand beyond its first fossil into a broader platform for tokenized prehistoric assets. Starting today at 5PM UTC This show is sponsored by @MetaDAOProject.

"Just trust the math, not the people." @Styx_PQ founder Slashy on building crypto privacy with no trusted setup and no man in the middle: "Mainly communication, and making people understand, in a human way, to look at this problem as something that could hurt them in the future, and showing them that there's an actual solution that could prevent it before it's too late." "They can keep using the solutions that already exist, because it's practical. But if they're using it and thinking they're completely safe, like 100% safe there, they might be wrong, because they're still relying on someone, instead of relying on math. And math is not lying." "There's no trusted setup. There's no man in the middle that's going to verify and see what you're doing in between. That's why I work in that deep cryptography side. That's what I want to do, to give something to the people." FT @Slashy_fx