The Delphi Podcast

Discover how AI is revolutionizing crypto as Yan Liberman sits down with Dylan Zhang, co-founder of Pond AI, to explore the intersection of AI and blockchain technology. Learn about graph neural networks, dynamic DeFi structures, and the future of decentralized AI infrastructure!

🎯 Key Highlights

▸How Graph Neural Networks (GNNs) differ from Large Language Models (LLMs)

▸The journey from single models to a decentralized model layer

▸Achieving 92% accuracy in detecting malicious behaviors

▸Revolutionary approach to dynamic fee structures in DeFi

▸The future of AI agents and model ownership in crypto

💡 Want to stay updated with the latest in crypto & AI? Hit subscribe and the notification bell! 🔔

🧠 Follow the Alpha

▸ Yan's Twitter: https://x.com/yanliberman

▸ Dylan's Twitter: https://x.com/ThinksDylan

🔗 Connect with Delphi

🌐 Portal: https://delphidigital.io/

🐦 Twitter: https://twitter.com/delphi_digital

💼 LinkedIn: https://www.linkedin.com/company/delphi-digital

🎧 Listen on

Spotify: https://open.spotify.com/show/62PR1RigLG2YN5Pelq6UY9?si=18ac7ccf36ab4753

Apple Podcasts: https://podcasts.apple.com/us/podcast/the-delphi-podcast/id1438148082

Youtube: https://www.youtube.com/channel/UC9Yy99ZlQIX9-PdG_xHj43Q

Timestamps

00:00 - Introduction & Crypto Journey

02:44 - DeFi with AI

05:13 - GNNs vs LLMs

15:11 - Platform Evolution

26:42 - AMMs & Dynamic Fees

39:10 - Future Roadmap

Disclaimer

This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

Join Pondering Durian as he explores the future of multi-agent systems with David Minarsch, co-founder of Valory AG and core contributor to OLAS. This deep dive covers:

- Why autonomous agents will drive blockchain adoption before humans

- The case for decentralized multi-agent systems over monolithic AI

- How OLAS enables user-owned vs rented AI capabilities

- The unique "Proof of Active Agent" mechanism for coordinating agent activity

- Building open agent economies from DeFi to prediction markets

- Creating data flywheels between agent activity and model training

- The path toward general-purpose autonomous AI agents

The discussion provides valuable insights into how decentralized networks could enable user-owned AI agents that do valuable work autonomously, rather than just serving as co-pilots.

"We want to give people general purpose, autonomous AI agents that do valuable things for them as they define." - David Minarsch

Watch more sessions from Crypto x AI Month here: https://delphidigital.io/crypto-ai

---

Crypto x AI Month is the largest virtual event dedicated to the intersection of crypto and AI, featuring 40+ top builders, investors, and practitioners. Over the course of three weeks, this event brings together panels, debates, and discussions with the brightest minds in the space, presented by Delphi Digital.

Crypto x AI Month is free and open to everyone thanks to the support from our sponsors:

https://olas.network/

https://venice.ai/

https://near.org/

https://mira.foundation/

https://www.theoriq.ai/

---

Follow the Speakers:

- Pondering Durian on Twitter/X ► https://x.com/ponderingdurian

- David Minarsch on Twitter/X ► https://x.com/david_enim

---

Chapters

0:00 Sponsor introduction: OLAS and others

0:49 Guest intro: David Minarsch, co-founder of Valerie Ag

1:21 Future shape of AI: Million models vs hyperscale models

3:03 David's background and OLAS team

6:26 Multi-agent systems explained: Agents vs Models

11:50 Web architecture evolution and data silos

21:00 Agent frameworks' impact on blockchain ecosystems

24:59 Rapid fire: Overrated vs Underrated

29:06 OLAS vs Competition: Key differentiators

34:12 Are agent protocols winner-take-all?

39:26 Current and future OLAS use cases

45:11 Infrastructure gaps and challenges

47:25 Closing remarks and how to try OLAS

Disclaimer

All statements and/or opinions expressed in this interview are the personal opinions and responsibility of the respective guests, who may personally hold material positions in companies or assets mentioned or discussed. The content does not necessarily reflect the opinion of Delphi Research, which makes no representations or warranties of any kind in connection with the contained subject matter. This content is provided for informational purposes only and should not be misconstrued for investment advice or as a recommendation to purchase or sell any token or to use any protocol.

Join Anil Lulla (Delphi Digital) and Ninad Naik (Mira) as they explore how to move AI from co-pilot to autonomous systems through enhanced reliability. Key topics include:

- Why current AI is limited to low-consequence tasks and human oversight

- How Mira's decentralized verification network reduces error rates from 30% to sub-5%

- Using crypto incentives to build trustworthy, autonomous AI systems

- The journey from batch processing to real-time verification

- Targeting education and medical sectors as initial use cases

- Building Web3 infrastructure that solves real Web2 problems

This conversation examines Mira's vision for making AI reliable enough to move beyond human supervision and into production-grade autonomous systems.

"When you think about the key challenges from any builder's perspective... we're trying to solve for how do you make AI more reliable?" - Ninad Naik

Watch more sessions from Crypto x AI Month here: https://delphidigital.io/crypto-ai

---

Crypto x AI Month is the largest virtual event dedicated to the intersection of crypto and AI, featuring 40+ top builders, investors, and practitioners. Over the course of three weeks, this event brings together panels, debates, and discussions with the brightest minds in the space, presented by Delphi Digital.

Crypto x AI Month is free and open to everyone thanks to the support from our sponsors:

https://olas.network/

https://venice.ai/

https://near.org/

https://mira.foundation/

https://www.theoriq.ai/

---

Follow the Speakers:

- Anil Lulla on Twitter/X ► https://x.com/anildelphi

- Ninad Naik on Twitter/X ► https://x.com/_ninadn

---

Chapters

0:00 Sponsor introduction: OLAS and other sponsors

0:50 Introduction with Anil Lulla from Delphi Digital

2:21 Ninad's background: Experience at Amazon and Uber

3:30 Current state of AI and its challenges

7:21 Core issues with AI reliability

9:15 Approaches to reducing AI error rates

13:10 Discussion of latency challenges and batch processing

17:56 Using crypto concepts for AI verification

20:44 Risks and challenges in crypto-AI integration

22:53 Go-to-market strategy and target sectors

24:49 Future of AI models: Foundation vs Fine-tuned

29:50 Handling subjective information verification

34:16 Model consensus and bias management

37:13 Partnerships and future outlook for Mira

40:11 Bridging Web2 and Web3 in AI

42:30 Crypto adoption challenges in AI industry

45:51 Discussion of Web2 demand confidence

46:48 Closing remarks and how to follow Mira

Disclaimer

All statements and/or opinions expressed in this interview are the personal opinions and responsibility of the respective guests, who may personally hold material positions in companies or assets mentioned or discussed. The content does not necessarily reflect the opinion of Delphi Research, which makes no representations or warranties of any kind in connection with the contained subject matter. This content is provided for informational purposes only and should not be misconstrued for investment advice or as a recommendation to purchase or sell any token or to use any protocol.

Are Crypto AI tokens just vapourware? Join Jose Maria Macedo (Delphi) for this high-stakes debate with Kyle Samani (Multicoin Capital) and Emad Mostaque (Stability AI) to explore:

- The current state of decentralized GPU marketplaces

- The role of data DAOs and IP rights in AI development

- Viability of decentralized training and inference

- The future of AI agents and identity systems

- Which crypto AI verticals show real promise vs hype

This candid discussion separates signal from noise in the rapidly growing crypto AI sector, examining where true value creation is happening and which areas may be getting ahead of themselves.

"I think we're seeing a weird nexus of crypto hype and AI hype happening at the same time...they're not going through the standard development process." - Emad Mostaque

Watch more sessions from Crypto x AI Month here: https://delphidigital.io/crypto-ai

---

Crypto x AI Month is the largest virtual event dedicated to the intersection of crypto and AI, featuring 40+ top builders, investors, and practitioners. Over the course of three weeks, this event brings together panels, debates, and discussions with the brightest minds in the space, presented by Delphi Digital.

Crypto x AI Month is free and open to everyone thanks to the support from our sponsors:

https://olas.network/

https://venice.ai/

https://near.org/

https://mira.foundation/

https://www.theoriq.ai/

---

Follow the Speakers:

- José Macedo on Twitter/X ► https://x.com/zemariamacedo

- Emad Mostaque on Twitter/X ► https://x.com/emostaque

- Kyle Samani on Twitter/X ► https://x.com/kylesamani

---

Chapters

00:00 Introduction and Sponsor Acknowledgments

00:50 Introducing Panel and Debate Setup

01:58 Kyle on GPU Marketplaces and Infrastructure

04:23 Evaluating Different Crypto AI Sectors

06:41 Current State of the Crypto AI Market

10:37 Core Benefits of Crypto for AI Development

14:41 Talent Migration into Crypto AI

20:25 The Mimetic Value of Crypto AI

24:36 Deep Dive: Decentralized GPU Marketplaces

33:13 Game Theory of Open Source AI

41:38 Discussion on Data and Data DAOs

48:40 Private Data and Expert Knowledge

52:11 Rapid Fire: Key Sectors Analysis

54:33 The Future of AI Agents

58:11 Identity and Final Thoughts

Disclaimer

All statements and/or opinions expressed in this interview are the personal opinions and responsibility of the respective guests, who may personally hold material positions in companies or assets mentioned or discussed. The content does not necessarily reflect the opinion of Delphi Citadel Partners, LLC or its affiliates (collectively, “Delphi Ventures”), which makes no representations or warranties of any kind in connection with the contained subject matter. Delphi Ventures may hold investments in assets or protocols mentioned or discussed in this interview. This content is provided for informational purposes only and should not be misconstrued for investment advice or as a recommendation to purchase or sell any token or to use any protocol.

Dive deep into IOnet, the world's largest decentralized AI compute network, with Pondering Durian (Delphi Digital) and Torrey Green, CEO of IOnet. This engaging discussion covers:

- How IOnet is disrupting the $2.5 trillion cloud computing market

- IOnet's unique "decentralized clustering" approach enabling global supercomputers

- Growth strategies and roadmap to become the leading AI compute provider

The conversation explores how decentralized networks like IOnet provide cheaper, more flexible compute without the constraints of centralized cloud providers. Discover why execution is key as IOnet aims to replace AWS through demand generation, upgraded offerings, and a world-class team recruited from web2 giants.

Watch more sessions from Crypto x AI Month here: https://delphidigital.io/crypto-ai

---

Crypto x AI Month is the largest virtual event dedicated to the intersection of crypto and AI, featuring 40+ top builders, investors, and practitioners. Over the course of three weeks, this event brings together panels, debates, and discussions with the brightest minds in the space, presented by Delphi Digital.

Crypto x AI Month is free and open to everyone thanks to the support from our sponsors:

https://olas.network/

https://venice.ai/

https://near.org/

https://mira.foundation/

https://www.theoriq.ai/

---

Follow the Speakers:

- Pondering Durian on Twitter/X ► https://x.com/ponderingdurian

- Tory Green on Twitter/X ► https://x.com/mtorygreen

---

Chapters

00:00 Introduction and Sponsor Acknowledgments

00:50 Introduction of Tory Green, CEO of IO.net

01:29 Tory's Background and Path to IO.net

04:07 Competitive Advantage vs Incumbents

06:48 The Theory of Disruption

08:40 IO.net's Differentiation: Decentralized Clustering

11:47 Growth and Customer Acquisition Strategy

14:37 Enterprise Adoption and Security

17:18 Supply Chain and GPU Market Analysis

20:11 Rapid Fire: Overrated vs Underrated

25:32 Future of Decentralized Training

27:09 Edge Computing and Network Flexibility

31:31 IO.net's Future Roadmap

35:18 Long-term Vision and Goals

38:01 Closing Thoughts on AI's Impact

Disclaimer

All statements and/or opinions expressed in this interview are the personal opinions and responsibility of the respective guests, who may personally hold material positions in companies or assets mentioned or discussed. The content does not necessarily reflect the opinion of Delphi Research, which makes no representations or warranties of any kind in connection with the contained subject matter. This content is provided for informational purposes only and should not be misconstrued for investment advice or as a recommendation to purchase or sell any token or to use any protocol.

The Six Year Window: Making Money in the Exponential Age - A wide-ranging conversation between Kevin Kelly (Delphi Digital) and Raoul Pal exploring investment frameworks for an AI-driven future.

In this thought-provoking discussion, macro investor Raoul Pal shares his thesis on why we have roughly six years until AI and other exponential technologies fundamentally reshape the economy and society.

Key insights:

- Traditional macro investing frameworks may become obsolete as AI reshapes economic fundamentals

- The next 6 years represent a critical window to position for the new economic paradigm

- Technology and crypto represent the primary vectors for capturing value in the exponential age

- The intersection of AI and blockchain could enable new forms of economic activity and value creation

"We've got about six years, I put 2030 as a rough date when we don't begin to understand how anything works. And so therefore I would like to be on the other side of that protected." — Raoul Pal

Watch more sessions from Crypto x AI Month here: https://delphidigital.io/crypto-ai

---

Crypto x AI Month is the largest virtual event dedicated to the intersection of crypto and AI, featuring 40+ top builders, investors, and practitioners. Over the course of three weeks, this event brings together panels, debates, and discussions with the brightest minds in the space, presented by Delphi Digital.

Crypto x AI Month is free and open to everyone thanks to the support from our sponsors:

https://olas.network/

https://venice.ai/

https://near.org/

https://mira.foundation/

https://www.theoriq.ai/

---

Follow the Speakers:

- Kevin Kelly on Twitter/X ► https://x.com/

- Raoul Pal on Twitter/X ► https://x.com/Raoulgmi

---

Chapters

00:00 Introduction and Sponsor Acknowledgments

00:49 Introduction with Raoul Pal

01:53 The Exponential Age Thesis

04:28 Impact of AI on Economic Growth

08:05 Future of Markets and Investment Returns

11:47 AI, UBI, and Economic Transformation

14:10 The Future of Money in an AI World

17:41 Blockchain and AI Integration

21:43 Traditional Investors' Understanding of AI

24:43 Government and Regulatory Response

30:02 Investment Framework Evolution

34:12 High Conviction Investment Bets

39:43 Personal Portfolio Strategy

41:15 Tesla and Tech Stock Analysis

44:49 Elon Musk's Master Plan

49:06 Rapid Fire: Underrated vs Overrated

54:26 Future of Media and Personal AI

59:45 Closing Thoughts and Contact Information

Disclaimer

All statements and/or opinions expressed in this interview are the personal opinions and responsibility of the respective guests, who may personally hold material positions in companies or assets mentioned or discussed. The content does not necessarily reflect the opinion of Delphi Research, which makes no representations or warranties of any kind in connection with the contained subject matter. This content is provided for informational purposes only and should not be misconstrued for investment advice or as a recommendation to purchase or sell any token or to use any protocol.

Welcome to Delphi’s Crypto x AI Demo Day, showcasing some of the innovative teams building at the intersection of crypto and AI. Watch exciting product demonstrations spanning payment rails, DeFi agents, smart contract security, and more.

In the final week of Delphi's Crypto x AI Month, we turn the spotlight to builders who are actively developing applications that explore new possibilities. See firsthand how teams are combining blockchain and AI to create practical solutions for real-world challenges.

The Demo Day lineup includes:

- Venice - private and uncensored alternative to the popular AI apps

- Daisy - Daisy makes custom AI easy

- Testmachine - AI powered Smart Contract Security

- Skyfire - Visa for AI Agents

- Almanak - End to end platform for financial AI agents

- Rivalz - World abstraction layer for AI agents

Part of our comprehensive virtual conference featuring 40+ industry leaders in panels, debates, and deep-dive discussions. Access the full lineup of Crypto x AI Month content here: https://delphidigital.io/crypto-ai

---

Crypto x AI Month is the largest virtual event dedicated to the intersection of crypto and AI, featuring 40+ top builders, investors, and practitioners. Over the course of three weeks, this event brings together panels, debates, and discussions with the brightest minds in the space, presented by Delphi Digital.

Crypto x AI Month is free and open to everyone thanks to the support from our sponsors:

https://olas.network/

https://venice.ai/

https://near.org/

https://mira.foundation/

https://www.theoriq.ai/

---

Chapters:

00:00 Intro

01:45 Venice AI

07:50 Almanak

13:04 Daisy AI

18:18 Testmachine

22:48 Skyfire

26:08 Rivalz

29:43 Outro

Disclosure:

All statements and/or opinions expressed in this interview are the personal opinions and responsibility of the respective guests, who may personally hold material positions in companies or assets mentioned or discussed. The content does not necessarily reflect the opinion of Delphi Research, which makes no representations or warranties of any kind in connection with the contained subject matter. This content is provided for informational purposes only and should not be misconstrued for investment advice or as a recommendation to purchase or sell any token or to use any protocol.

In this thought-provoking discussion with Can Gurel (Delphi), the NEAR co-founders share insights on Illia's work co-authoring the groundbreaking "Attention is All You Need" paper that introduced transformers, their vision for user-owned AI and democratizing access to AI capabilities and more.

Key insights include:

- How NEAR's original focus on AI developer tools led them to discover the need for better payment infrastructure for distributed workforces

- Their framework for user-owned AI that optimizes for individual success rather than platform profits

- Technical challenges and solutions for distributed AI training and inference

- The importance of private computing for enabling user-controlled AI systems

The conversation provides valuable perspective on the intersection of AI and crypto from pioneers who have worked at the cutting edge of both fields, offering insights into how decentralized technologies could enable more democratic and user-centric AI development.

"The reality is we kind of have like a little bit of a model that some data we don't want to share... Your assistant will be able to help you with filing your taxes and finding ways to file receipts for expenses, and it will need to have access to all of this. What you don't want is all of this data end up leaking or showing up in somebody else's chat." — Illia Polosukhin, NEAR Protocol

Watch more sessions from Crypto x AI Month here: https://delphidigital.io/crypto-ai

---

Crypto x AI Month is the largest virtual event dedicated to the intersection of crypto and AI, featuring 40+ top builders, investors, and practitioners. Over the course of three weeks, this event brings together panels, debates, and discussions with the brightest minds in the space, presented by Delphi Digital.

Crypto x AI Month is free and open to everyone thanks to the support from our sponsors:

https://olas.network/

https://venice.ai/

https://near.org/

https://mira.foundation/

https://www.theoriq.ai/

---

Follow the Speakers:

- Can Gurel on Twitter/X ► https://x.com/cannngurel

- Illia Polosukhin on Twitter/X ► https://x.com/ilblackdragon

- Alex Skidanov on Twitter/X ► https://x.com/alexskidanov

---

Chapters

00:00 Introduction and Sponsor Acknowledgments

00:48 Introduction of Illia and Alex from NEAR

03:11 Origins of the Transformers Paper

08:07 Discussion on LLMs and Model Understanding

11:05 Alpha Go and Self-Improvement in AI

15:16 NEAR's Evolution from AI to Blockchain

19:37 The Story Behind NEAR's Foundation

26:32 Vision for User-Owned AI

30:31 Analysis of the Crypto-AI Stack

35:28 Data Labeling and Trust Systems

39:33 Private Inference and Edge Computing

44:17 User Privacy and Trust in AI

47:44 Edge Computing Challenges

49:54 Novel Data Sources and Synthetic Data

52:40 AI Agent Security and DeFi Applications

58:43 Formal Verification in AI Systems

1:03:14 Distributed Training Challenges

1:11:04 AI Talent and Crypto Industry

1:13:44 Rating Future Technologies and Closing Thoughts

Disclaimer

All statements and/or opinions expressed in this interview are the personal opinions and responsibility of the respective guests, who may personally hold material positions in companies or assets mentioned or discussed. The content does not necessarily reflect the opinion of Delphi Citadel Partners, LLC or its affiliates (collectively, “Delphi Ventures”), which makes no representations or warranties of any kind in connection with the contained subject matter. Delphi Ventures may hold investments in assets or protocols mentioned or discussed in this interview. This content is provided for informational purposes only and should not be misconstrued for investment advice or as a recommendation to purchase or sell any token or to use any protocol.

A discussion with Nick Emmons (Allora) and Himanshu Tyagi (Sentient) examining different approaches to coordinating AI development through decentralized networks. Allura focuses on coordinating multiple models to achieve specific objectives, while Sentient works on open-source model development and value attribution through cryptographic techniques.

Key topics include:

- The evolution from Twitter bots to sophisticated AI agents in crypto

- Different approaches to model coordination and incentivization

- Technical deep-dive into Open Monetizable Loyal (OML) models

- Trust verification and cryptographic solutions for AI deployment

- The complementary roles of model aggregation and model development

- The intersection of crypto infrastructure and AI trustworthiness

- Future implications for decentralized AI development

The conversation explores the relationship between AI model development, cryptographic systems, and economic incentives, examining how different projects approach the challenges of building coordinated AI systems.

"I think crypto networks are fundamentally means of turning different nebulous resources into more kind of tangible digital commodities." — Nick Emmons, Allora

Watch more sessions from Crypto x AI Month here: https://delphidigital.io/crypto-ai

---

Crypto x AI Month is the largest virtual event dedicated to the intersection of crypto and AI, featuring 40+ top builders, investors, and practitioners. Over the course of three weeks, this event brings together panels, debates, and discussions with the brightest minds in the space, presented by Delphi Digital.

Crypto x AI Month is free and open to everyone thanks to the support from our sponsors:

https://olas.network/

https://venice.ai/

https://near.org/

https://mira.foundation/

https://www.theoriq.ai/

---

Follow the Speakers:

- Michael Rinko on Twitter/X ► https://x.com/mrink0

- Nick Emmons on Twitter/X ► https://x.com/nick_emmons

- Himanshu Tyagi on Twitter/X ► https://x.com/hstyagi

---

Chapters

00:00 Introduction and Sponsor Acknowledgments

00:48 Discussion of AI Twitter Bots and Market Impact

04:28 The Role of Agents in Crypto Systems

06:54 Evolution of AI Agent Integration

11:46 Understanding Coordination Networks

14:21 Building Model Coordination Solutions

16:19 Initial Use Cases and Development Focus

22:28 Comparison with BitTensor Approach

25:06 Deep Dive into OML Technology

32:39 Trust and Verification in AI Systems

36:40 Objective-Centric AI Paradigm

39:07 Sentient's Complementary Approach

42:10 Current Constraints and Future Development

44:27 The Future of Crypto AI Integration

47:12 Closing Thoughts

Disclaimer

All statements and/or opinions expressed in this interview are the personal opinions and responsibility of the respective guests, who may personally hold material positions in companies or assets mentioned or discussed. The content does not necessarily reflect the opinion of Delphi Research, which makes no representations or warranties of any kind in connection with the contained subject matter. This content is provided for informational purposes only and should not be misconstrued for investment advice or as a recommendation to purchase or sell any token or to use any protocol.

Top experts debate the convergence of AI and crypto, exploring how decentralized technologies and incentive structures can drive AI innovation.

In this panel discussion hosted by Yan Liberman as part of our Crypto x AI virtual conference, industry leaders share insights on:

- The decentralized AI stack from compute and data to applications

- Leveraging crypto primitives to coordinate and incentivize key AI resources

- Demand-side considerations and potential use cases for decentralized AI

- The relationship between network utility, speculation, and value in AI tokens

- Advantages of decentralized infrastructure and crypto-economic models for AI

- Experiments with autonomous AI agents utilizing novel economic rails

- Regulatory environment impact on DeAI network development

- Current state of crypto AI ecosystem and future evolution

Panelists include:

- Shayon Sengupta (Multicoin Capital)

- Marc Weinstein (Mechanism Capital)

- Anand Iyer (Canonical Crypto)

- Ed Roman (Hack VC)

The wide-ranging discussion covers the frontier of decentralized AI from deep dives on decentralized computing resources to the long-term potential of AI agents exhibiting autonomous economic behavior. The panel explores the opportunities and challenges in harnessing crypto networks and incentive structures to enable open, decentralized AI systems and innovation.

Watch more sessions from Crypto x AI Month here: https://delphidigital.io/crypto-ai

---

Crypto x AI Month is the largest virtual event dedicated to the intersection of crypto and AI, featuring 40+ top builders, investors, and practitioners. Over the course of three weeks, this event brings together panels, debates, and discussions with the brightest minds in the space, presented by Delphi Digital.

Crypto x AI Month is free and open to everyone thanks to the support from our sponsors:

https://olas.network/

https://venice.ai/

https://near.org/

https://mira.foundation/

https://www.theoriq.ai/

---

Follow the Speakers:

- Yan Liberman on Twitter/X ► https://x.com/yanliberman

- Anand Iyer on Twitter/X ► https://x.com/ai

- Ed Roman on Twitter/X ► https://x.com/ed_roman

- Shayon Sengupta on Twitter/X ► https://x.com/shayonsengupta

- Marc Weinstein on Twitter/X ► https://x.com/warcmeinstein

---

Chapters

00:00 Introduction and Sponsor Acknowledgments

00:52 Panel Introduction and Topic Overview

04:48 Understanding the Crypto AI Stack

07:05 Crypto and AI as Opposing Technologies

11:12 Data and Compute Infrastructure

15:32 Capital Formation and Market Dynamics

20:25 Token Design and Value Accrual

25:00 Current Liquid Market Landscape

31:46 Evolution of Attention vs Utility

35:28 AI Agent Market Development

41:59 Defining AI Agents and Their Capabilities

47:36 Discussion on GOAT and Autonomous Agents

52:40 Future Timeline and Closing Thoughts

Disclaimer

All statements and/or opinions expressed in this interview are the personal opinions and responsibility of the respective guests, who may personally hold material positions in companies or assets mentioned or discussed. The content does not necessarily reflect the opinion of Delphi Citadel Partners, LLC or its affiliates (collectively, “Delphi Ventures”), which makes no representations or warranties of any kind in connection with the contained subject matter. Delphi Ventures may hold investments in assets or protocols mentioned or discussed in this interview. This content is provided for informational purposes only and should not be misconstrued for investment advice or as a recommendation to purchase or sell any token or to use any protocol.

Although our guest this week is an Investment Partner of a registered investment adviser, nothing in this podcast should be considered an offer of Multicoin’s investment advisory services or should otherwise be confused for investment, tax, legal or other financial advice.