Castoshi

Episode 28 - Mintable CEO Zach Burks Interview


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In this episode of Castoshi (powered by damex.io) Zubair talks to the CEO of Mintable, Zack Burks, who invented many of the innovations in the NFT space. Zach is a long time crypto user and Solidity developer. As well as a good technical discussion they also talk about how to make a great product around crypto, which is to always make sure your product passes the "Mum Test", so that your service is easy for normal people to use. They also talk about why Zach is so bullish on the future of crypto. Enjoy the episode!

00:00:00 Introduction

00:00:50 What is Mintable? Mintable is an NFT Marketplace started ion 2018, and has over a million users in USA and Asia

00:03:01 Crypto innovations invented by Mintable: Batch minting of NFTs, NFT Royalties, first NFT DAO, Gasless NFT minting on Ethereum, cross platform NFTs

00:05:15 Zach defines an NFT as a digital item that lives on the blockchain

00:06:40 Zach's crypto story

00:10:35 Mintable's journey as a company

00:11:55 How have NFTs changes over the last few years and the NFT explosion after Beeple

00:15:30 Mintology is Mintable's enterprise NFT platform

00:17:20 How gasless transactions work, followed by a technical discussion of cross chain NFTs, bridges and how NFT prices vary based on the chain, and why you want to be on Ethereum

00:25:00 Could cross chain NFTs work in a similar way to USDC where Google or Microsoft could make a centralised NFT standard?

00:27:45 Fractionalisation of NFTs and how NFTs can be extended at a technical level, but why it may not be a good idea

00:30:30 Use cases of NFTs: proof of attendance, tickets, electronic documentation

00:35:57 Discussion of Mintable, trading, alt coins and the current bear market. We talk about crypto cycles, and the last few years of crypto and where it is going. Zach talks about how he never day trades anymore and only looks at crypto prices once a month!

00:38:12 How to get into the crypto space. We discuss how people try to make a quick profit by starting a crypto company

00:42:05 Learn how crypto works by either using crypto or learning Solidity (Ethereum smart contract language). We discuss how you can evaluate investment opportunities by examining the Smart Contract code and also understanding the "Mum Test"

00:46:10 How crypto is similar to email in the 1990s in the technology adoption curve

00:48:45Tin foil hat time!  The future of crypto and industry, and why Walmarts and Starbucks will issue stablecoins and NFTs

00:52:40 Within 2 years there should be 10x the number of NFT users worldwide!

00:53:56 Will Ethereum be around in 10 years? And what about alt coins?

00:56:20 Could USDT or USDC disappear in the next 10 years?

00:57:30 Will Google or big tech take over the crypto industry?

01: 05:30 Decentralisation doesn't matter to play a game, but does matter for financial products

01:07:35 Closing credits

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CastoshiBy Zubair Quraishi