- 2 weeks ago
Welcome to another episode hosted by Dr. Ravi Chamria, Co-founder & CEO of Zeeve. This AMA isn’t just about another blockchain project—it’s about a vision for Democracy 2.0 and how decentralized venture funding can reshape the future of Web3.
In this session, Ravi speaks with Laurent and Vladimir, Founders of Fushuma Network, about their mission to transform venture capital into a community-driven, transparent, and decentralized model.
In this session, Ravi speaks with Laurent and Vladimir, Founders of Fushuma Network, about their mission to transform venture capital into a community-driven, transparent, and decentralized model.
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TechTranscript
00:00Hi, everyone. My name is Ravi. I'm the co-founder, CEO of Zeef.
00:04And today's AMA is not just about another blockchain project.
00:09It's about a great vision, a vision for Democracy 2.0.
00:14And we have very interesting guests here,
00:19Loron and Vladimir, who are the founders of Fushuma Network.
00:24And so we will deep dive into the vision of Democracy 2.0
00:28and various other things that are changing the core narratives of decentralization today.
00:37So first of all, I would like to welcome Loron and Vladimir on the voice.
00:42And I would love to know a bit about yourself as to how you started,
00:49what your Vets 3.0 journey has been so far.
00:52Thank you for the opportunity to present Fushuma today
00:56and to dip more into the specifics of what we are doing currently.
01:05So, yes, what we believe at Fushuma is for too long,
01:12the future of Internet has been decided into closed boardroom.
01:17Traditional venturous capital is opaque and inaccessible.
01:21So, basically, in Vets 3, it is creating major problems.
01:27Projects with high potential get lost in the market
01:33and investors miss out on the genuine opportunities.
01:41So, we are introducing the concept of Decentralized Venture Club.
01:45It is a model where the investment decisions are not longer made by a few people,
01:53but by the whole community.
01:56So, the holders of the Fushuma token,
01:58they can vote and collectively decide
02:01which project deserves to be funded and shared by the treasurer.
02:06So, the benefits, you can see two benefits.
02:12First, for the project, we solve their discovery and growth problem.
02:18Instead of looking for capital and a community,
02:21they come to Fushuma to find both at the same time.
02:27For the investors, we give them direct access to early-stage projects
02:33validated collectively and we are allowing them to build a diversified portfolio.
02:43Correct.
02:43No, I think that's a very interesting point that you have mentioned.
02:48So, like, you know, in traditional VC ecosystem,
02:50we have seen that, you know, a handful of firms,
02:52they decide which projects will live or die.
02:56And I think in Vets 3, we pretty much copied the same model.
03:00You know, big investors, small teams, limited transparency.
03:04And the way you have described, I think you are flipping this model altogether
03:08to make the venture funding decentralized,
03:13where, you know, investors, developers and community all have a voice.
03:18So, it's pretty cool.
03:21So, before we get further, you know, Vladimir,
03:24a bit about yourself and how your journey has been so far with Fushuma.
03:29Ah, hello, hello. I hope you can hear me well.
03:31Yes, we can hear you.
03:34So, I started with blockchain and cryptocurrencies in 2016.
03:40And it was a really amazing journey from there.
03:44A full-time spending time on blockchain reality projects,
03:49also data centers and infrastructure.
03:52But Fushuma journey was quite interesting because we had experience before.
04:00We were raising quite a lot of capital to invest into projects,
04:06roughly 7 million euros.
04:08And it took us roughly three years to get a lot of, I would say,
04:15things that are right and things that are wrong, simply.
04:19And this experience we completely took and rebuild it into what is Fushuma today.
04:27So, one of the things that was, let's say, problematic was relationship with investors.
04:35Yeah, if you have investors, you know, you need to always report them what is happening,
04:42show them what happened with the money.
04:45So, this is one specific problem, which we are solving by being completely transparent all the time.
04:52So, every investor can come and basically see how every dollar is spending.
04:58So, this was one area that we wanted to tackle.
05:02And the second area, which we wanted to tackle, is the other side, the projects.
05:08The projects, sometimes they have a good idea, but for many reasons they can fail.
05:14So, we wanted not to only create a starting point for the projects.
05:21We wanted to create a place which basically guides them to do the process.
05:26So, not only to give them initial money, but also for them to be able to be part of the whole ecosystem
05:33where they can interconnect and start looking for the synergies.
05:38Basically the same as RealVenture Capital is doing.
05:42So, it's not only you come and get some initial money, but you should stay with us for long term.
05:50Oh, that sounds absolutely great.
05:54So, yes, I would like to welcome you on the show.
05:56And now, getting a bit deeper into Fushima.
05:59So, as I understand, can you tell us, you know, how it works for a FUMA token holder?
06:04Like, what is the journey from pitching a project to the treasury to finally receiving airdrops as a reward?
06:10And then, eventually, the builder becoming part of the Fushima community?
06:16Yes, yes.
06:17For a FUMA token holder, I would say the process is quite simple.
06:24Actually, it's straightforward.
06:26So, first, you have a project.
06:29They submit their ideas to the Fushima decentralized treasury.
06:36Everything is transparent there.
06:38So, you come, you have your idea, you pitch it, basically.
06:44And from this point, the community is allowed to comment, to give feedback, and even potentially improve your project during this process.
06:58Because you have the feedback from investors, and we know how the Web3 community is exigent from this perspective.
07:09So, usually, you get feedback, and valuable feedback.
07:13Then, as a FUMA token holder, you have the direct voting right via the on-chain governance.
07:24So, as we said, you analyze the project, and you vote for the one you want to see funded.
07:34And, in return, you will get a share of this project token.
07:40If it's approved by the community of investors, you will simply receive an airdrop.
07:52So, this is the reason why we call it the Fushima decentralized investors group.
07:57So, from the beginning to the end, you follow the project, you comment on it, and it's launched, you get the token via the airdrop.
08:12And, basically, you can see the airdrop as dividends.
08:17By holding Fushima, you get the dividend of all the projects that are successfully launched on the platform.
08:33Got it. No, I think that's a very interesting model.
08:37So, it's not, since, you know, the investors are giving feedback on the different projects,
08:42so, it's not a passive capital, it's more of an active capital that is being deployed.
08:48And, investors are not just being investors, but, you know, they are also playing a major role in the growth of the startup.
08:55After they have selected the cohort.
08:58Yes, Dr. Ravi, I think there are two groups of investors I know.
09:04There is a group of people that want to be part of the blockchain,
09:07but don't want to spend any time on it, because, simply, they want to have money there,
09:16and they want to be part of all this cool stuff that is happening.
09:19So, they preferably want to purchase or invest into one thing,
09:24and then to get a cut from everything that we do.
09:28Yeah, kind of. This is the point of the Fushima.
09:31So, you have one part of, let's say, passive investors,
09:34so, they just put money, and then are just looking.
09:38But, they want to have also the ability to pull the brake.
09:42So, if they don't like something, they want to have the ability to speak,
09:46and to say that they don't like something.
09:49And then, you have the second area, which are investors that want to be part of the ecosystem,
09:55and have some synergies.
09:57Usually, they have some projects that relate to each other,
10:00and these people then can be actively part of the community,
10:05and they can also be part of the decision process.
10:09So, it's up to investor to decide if he wants to be actively participating in the process or not,
10:16but he will get the reward, basically, anyway.
10:21Got it. No, I think, ultimately, it's the choice of the investors,
10:24but the great thing is that you are giving an option to the investors to become active from passive, right?
10:30Now, coming to the other side, the investor side, where you have decentralized treasury,
10:35and I think, if you go through the Fushima website,
10:40you have referenced Satoshi's original vision quite a few times,
10:44and, you know, in conjunction with today's global debt crisis.
10:50And that's why you have designed a very superior decentralized governance model
10:55that aligns with the decentralized treasury.
10:59So, how does the decentralized treasury work?
11:02How it protects its capital?
11:05You know, how it aligns with the FUMA tokens and for investors?
11:10So, yes, one of the biggest points for us is protecting the investors' fund.
11:25So, this is our absolute priority.
11:28And when we talk about security itself,
11:33our previous venture allowed to aggregate, let's say, considerable experience.
11:43And we always had the chance to work with the best security experts.
11:49And, by the way, this is an excellent opportunity for me to express,
11:55in the name of the entire team,
11:57our gratitude to Yuri Karatushin for his precious collaboration.
12:02For the people who don't know Yuri,
12:04Yuri is one of the top security experts when it comes to the smart contract.
12:12I can say that he probably audited something like 350 tokens.
12:21And I don't know how many he asked.
12:26So, this guy is very repetitive in his field.
12:29And, yes, so I want to thank him because this is really, really,
12:35for us, this is a precious collaboration.
12:39So, now, talking about the treasury itself,
12:43we developed several processes.
12:46These processes are inspired by our experience
12:49in the real-world business.
12:53One of them is our milestone-based payment.
13:00Basically, we don't give a blank check.
13:02If you want to create a project
13:07or to build a project on Fushima,
13:10you will not receive funds just like that.
13:13You have to prove that
13:15you are able to build something real
13:18and valuable to the community.
13:22So, this is a process that we established
13:25that protects the investors' fund
13:27against indoor-performing projects.
13:32So, basically, how it works,
13:34you come, you say,
13:35okay, I need this amount of money
13:36to build this project.
13:40You come with a roadmap.
13:41And, each time, we will check
13:43if, when I say we,
13:46it's the entire community,
13:48we will check if
13:49you are fulfilling
13:51your roadmap
13:57the right way.
13:58And, if, yes,
13:59you continue to get funded.
14:00If not,
14:01the funding is just top-ed
14:02and we analyze
14:04why and how
14:05we can,
14:09why
14:10you are blocked
14:12or stuck
14:13and how we can help you
14:15to pursue in the direction
14:18that was fixed
14:20at the beginning.
14:21So, yes.
14:24Also,
14:25one of our
14:27finder
14:29is
14:30mathematician
14:33and it came
14:35with
14:35a new
14:37model
14:38for the
14:39treasury.
14:42Basically,
14:42it is an
14:43advanced economic
14:44model
14:44and
14:45it
14:46helped to preserve
14:47the value
14:48of the token
14:48based
14:50on
14:51this is super
14:57complex stuff
14:58so I think
14:58it will be
14:59simpler
15:00if he
15:01can explain
15:02it by himself.
15:03So, yes,
15:04we can have another
15:05ask me anything
15:06for that topic
15:07but, yes,
15:09in short,
15:11what we want
15:12to establish
15:13is a simple
15:14model
15:14where
15:14the community
15:16as a whole
15:17make
15:18wise investments
15:19they fund
15:20the right
15:20project
15:21and the success
15:23of this
15:23funded project
15:24creates demand
15:25for their token.
15:28This token
15:28will save them
15:29as an
15:30airdrop
15:30so this
15:32wall
15:32mechanism
15:33strengthen
15:33the Fushima
15:34reputation
15:35and turn
15:36the support
15:37of the
15:38Fushima
15:39community
15:39into a
15:40virtuous circle.
15:41Tonton, if I
15:44can add to
15:45the treasury
15:46mechanism,
15:48I think
15:49there is
15:50definitely
15:51big
15:51mathematic
15:51area
15:52around it
15:53which it's
15:54better to
15:55read and
15:55explain in
15:56other calls
15:57but I will
15:58explain it in
15:59super simple
15:59ways.
16:00So, if you
16:01are investor
16:01one of the
16:02main, let's
16:03say, things
16:05that we have
16:05different is
16:06you can
16:07directly
16:07purchase and
16:08invest into
16:09the blockchain.
16:10This is
16:11something that
16:12I don't think
16:12anyone else
16:13has and
16:15this also
16:16comes from
16:16our experience.
16:18So, I will
16:18explain it in
16:19small details.
16:21When you
16:23want to
16:24purchase, let's
16:25say, some
16:26coins from
16:27other blockchains,
16:28you will go on
16:30the exchange and
16:31you will purchase
16:32the tokens
16:33from the
16:34exchange.
16:35but what can
16:36happen is that
16:37the team or
16:38the blockchain
16:38actually gets
16:39from it zero
16:40because somebody
16:41else sold the
16:42tokens or
16:43coins.
16:44In our case,
16:45you had
16:45obviously option
16:46to go and
16:47purchase it on
16:48the exchanges
16:49but you have
16:50also option
16:51to buy it
16:52but also
16:53to sell
16:54directly to
16:56the blockchain.
16:57And this is
16:58kind of
16:58insurance
16:59mechanism
17:00directly built
17:01in into
17:02the blockchain
17:03where there
17:04is basically
17:05no potential
17:06for investors
17:07to lose
17:09the value
17:09in a few
17:11seconds or
17:12a few minutes
17:13if something
17:13happens because
17:14even if
17:16something happens
17:16to the
17:17exchange,
17:17they still
17:18can come
17:18and go
17:19directly to
17:20the blockchain
17:20and sell
17:22or buy
17:23the coins.
17:24When they
17:24do that,
17:25then the
17:26project is
17:27directly funded
17:28and immediately
17:2960%
17:30of the
17:31money is
17:32stored
17:32into the
17:33insurance
17:35fund
17:35and 40%
17:37is used
17:38to fund
17:40the grants
17:40in the
17:42blockchain.
17:44Got it.
17:44I think
17:44that's
17:45really
17:46innovative.
17:48The way I
17:49see it,
17:49a lot of
17:50today offline
17:51treasuries are
17:52being tokenized.
17:53yours is
17:54a natively
17:56tokenized
17:56treasury,
17:58which is
17:58not just
17:59bringing
18:00transparency
18:01being on
18:01blockchain,
18:02but also
18:02at the
18:02same time
18:03bringing in
18:04newer models
18:05where there's
18:06a lot of
18:07transparency,
18:08better governance
18:08and at the
18:09same time
18:10protection
18:10against the
18:11price volatility.
18:12I think
18:13that is
18:14truly amazing.
18:16If I
18:16can add
18:18last thing
18:19to this
18:19point,
18:21when we
18:21were talking
18:22about the
18:22funding of
18:23the project,
18:24one important
18:25thing that
18:26Tonton
18:27said is
18:29that you
18:31have usually
18:31funding,
18:32a project
18:33comes to
18:33you and
18:34says we
18:34need 1
18:35million
18:35euros,
18:35let's say
18:36or dollars.
18:37Then they
18:38get this
18:38money and
18:39then they
18:40work and
18:41at some
18:41point it
18:42is either
18:42success or
18:43it doesn't
18:44work.
18:44This is
18:46a different
18:47approach.
18:48Venture
18:48capital works
18:49differently.
18:50It's the
18:50same as
18:51Tonton
18:51said.
18:52We release
18:53money slowly
18:55but surely.
18:56We are
18:57looking for
18:57the actual
18:58milestones and
19:00when they
19:00are met,
19:01we can
19:01release the
19:02money.
19:03This enables
19:04the funders
19:05of the
19:06projects to
19:07slowly but
19:08surely exit
19:09the project
19:10to the
19:11community.
19:11what can
19:14happen in
19:14future is
19:15that
19:16Fushuma
19:16will
19:17actually
19:17own
19:18multiple
19:18projects
19:19from
19:20token
19:21perspective
19:21100%
19:22because the
19:23funders
19:23slowly but
19:24surely exit
19:25the token
19:26into the
19:27venture
19:27capital
19:28club that
19:30we have.
19:31Got it.
19:32Got it.
19:33I think
19:33that will
19:34create another
19:35model where
19:36you are not
19:37just funding
19:38and helping
19:39these startups
19:40to grow but
19:40you would
19:40be in
19:41fact participating
19:42in managing
19:43some of
19:43these startups.
19:44Coming to
19:45your investment
19:46strategy,
19:47what kind
19:48of projects
19:49are you
19:50focusing on
19:50from a
19:51vertical
19:51standpoint or
19:52use case
19:52standpoint?
19:53What kind
19:54of projects
19:54you are
19:54seeing and
19:55what is
19:55your focus
19:56area?
19:57I'm sure
19:57there are a
19:57lot of
19:58builders who
19:58would be
19:59interested to
19:59know.
20:00You have
20:00already outlined
20:01the process
20:02to apply
20:02but what
20:04kind of
20:04projects
20:04your ecosystem
20:06is seeing
20:07and interested
20:07in and
20:08what kind
20:09of support
20:10you provide
20:10beyond capital?
20:12Okay,
20:13so basically
20:14at the
20:17final phase
20:18of the
20:18project,
20:19all these
20:20processes
20:20will be
20:21managed by
20:23the community
20:24itself.
20:25So this
20:25will be
20:25up to
20:27the investors
20:28to decide
20:28where the
20:30money goes
20:30and what
20:31projects
20:31should be
20:32funded.
20:34But for
20:36now, we
20:36need to
20:37have some
20:38visibility on
20:42where we
20:43will allocate
20:44the initial
20:45funds.
20:48And we
20:49believe that
20:50this is up
20:53to the
20:55team at
20:55the current
20:56stage.
20:57And yes,
20:59so the
21:01next wave
21:02of innovation
21:03will come
21:05from
21:06emerging
21:08sectors.
21:09So we
21:09don't want
21:10to follow
21:10trends.
21:12We want
21:13to fund
21:14the technologies
21:15that will
21:18matter
21:18tomorrow.
21:19So to
21:20be concrete,
21:21we have
21:22allocated
21:2350%
21:27of the
21:29treasury
21:29capital
21:30to the
21:31tokenized
21:32assets.
21:35We believe
21:36that this is
21:37the bridge
21:37between the
21:38traditional
21:38finance and
21:40the
21:41web
21:41tree.
21:43Recently,
21:45we managed
21:47to get
21:48a very
21:49good
21:49partnership
21:50in this
21:51area.
21:53I think
21:53Vladimir wants
21:54to say a
21:55few words
21:56about it.
21:57Yeah.
21:57So regarding
21:59real world
22:00assets,
22:00this is the
22:01topic that
22:02is starting
22:03to get
22:03hotter and
22:04hotter.
22:05The reason
22:05for that
22:06is that I
22:07think many
22:08people in
22:08blockchain are
22:09quite tired
22:09from investing
22:11into projects
22:12and then
22:13they fail
22:14and there
22:14is nothing.
22:15So what
22:16we want
22:17to do,
22:18and this
22:18is much
22:19more secure
22:20and safer
22:21way to
22:23move forward,
22:23we want
22:24to focus
22:25on actual
22:26companies
22:27or projects
22:29that have
22:30actual
22:31products or
22:32real assets
22:33that they
22:34want to
22:35tokenize.
22:36One of the
22:37projects that
22:37was, let's
22:40say,
22:40mentioned or
22:41is right now
22:42going on and
22:43will be online
22:44in following
22:45weeks is
22:46tokenized
22:47boot.
22:48This is
22:49really good
22:50because worst
22:51case scenario,
22:53we will get
22:53a boot.
22:54So you
22:55will be able
22:56to convert
22:56the tokens
22:57into actual
22:58boot and get
22:59it delivered
23:00to your
23:00door.
23:02And this
23:02is the
23:02trend that
23:03we see
23:04many,
23:06let's say,
23:07companies or
23:08people that
23:09want to go
23:10on blockchain.
23:10for us,
23:12we really
23:12want to
23:13focus on
23:14real things
23:16that are
23:16connected to
23:17the real
23:17world.
23:18So we
23:18are kind
23:19of, let's
23:19say,
23:19bridging
23:20real world
23:21to the
23:21blockchain.
23:23And this
23:24is the
23:24area that
23:25we want
23:25to focus.
23:26The other
23:26top project
23:27that is
23:27also a
23:30real world
23:30asset is
23:31tokenized
23:32computing
23:32power.
23:33AI power,
23:36mining
23:36power,
23:37cloud
23:38power,
23:39actual
23:39servers,
23:40etc.
23:41So these
23:41are projects
23:43that we
23:43are right
23:44now talking
23:46to.
23:47And I
23:48think this
23:49is something
23:49if we talk
23:51to investors,
23:52we see that
23:52they really
23:53like the
23:54connection,
23:55where they
23:56see that
23:57their money
23:58will be
23:59definitely
23:59used in
24:01the right
24:01way.
24:01And worst
24:02case
24:02scenario,
24:03they can
24:04see that
24:04it's backed
24:05by something
24:06from real
24:06world.
24:07And I
24:07think this
24:07is the
24:08main
24:08difference.
24:09Got it.
24:10No, I
24:10think that
24:10seems like
24:11a very
24:12sound
24:12strategy.
24:13Real world
24:14asset
24:14tokenization
24:15is a
24:16space that
24:16has started
24:17picking up.
24:18I think
24:19we have
24:19started seeing
24:20a few
24:21established
24:21use cases,
24:22stablecoin
24:22being one,
24:23but then
24:23there are
24:23a lot
24:24of commodities
24:25and financial
24:26assets that
24:27are being
24:27tokenized
24:28today.
24:30And
24:302025 I
24:32see as
24:32an
24:32inflection
24:33point when
24:33we talk
24:34about the
24:35adoption of
24:35real world
24:36assets being
24:37tokenized on
24:38chain.
24:39And I
24:39think it
24:40will
24:40revolutionize
24:40there's a
24:41massive
24:41efficiency
24:41that will
24:42bring in
24:43a lot of
24:43transparency,
24:44cross-border
24:44participation of
24:47investors.
24:47I think there
24:48are tons of
24:49benefits and
24:50slowly and
24:50slowly we are
24:51seeing the
24:51realization of
24:53these benefits
24:54in the space.
24:56And AI, as
24:56you rightly
24:57said, is
24:57another big
24:58area.
24:59Right now
24:59we are
24:59sitting in
24:59a bubble,
25:01but still
25:01I see that
25:02there are
25:04very, very
25:04exciting use
25:05cases.
25:05Now we are
25:06seeing young
25:07startups who
25:07are building
25:08massive AI
25:10startups,
25:11generating
25:11hundreds of
25:12millions of
25:12revenue.
25:14So this
25:15again is a
25:15very innovative
25:17space and
25:17a lot of
25:18exciting projects
25:19are already
25:19being worked
25:20on.
25:22Web3 and
25:23AI comes
25:23together.
25:24I wanted
25:24just to add
25:25one thing
25:26in regards to
25:27reward
25:27assets.
25:28There was
25:28actually in
25:292018, 2019,
25:31there was
25:32let's say
25:32some way
25:32where people
25:33were thinking
25:34about it,
25:35but now we
25:35can feel
25:36that it's
25:37the actual
25:38time to
25:38do it.
25:39So we
25:39see bigger
25:40groups,
25:41bigger
25:41companies with
25:42already their
25:43own capital,
25:44so they want
25:45to simply
25:46move to
25:47blockchain and
25:48they have
25:48already real
25:49assets like
25:50for example
25:50the wood.
25:51and we
25:52can see
25:52this is
25:52picking up
25:53not only
25:54from the
25:55project
25:55perspective,
25:56but also
25:57from the
25:57investors
25:58perspective
25:58as well.
25:59And this
26:00is the
26:00difference.
26:00Before
26:01you had
26:02startups
26:03that had
26:04nothing and
26:05they wanted
26:05to start
26:06to tokenize
26:07something.
26:08Now you
26:09have actual
26:09companies that
26:10have, they
26:11are big
26:11companies
26:12already on
26:13the market,
26:14they have
26:14the real
26:15world assets
26:16and now
26:16they want
26:17to move
26:17into the
26:18blockchain and
26:19the web
26:19street.
26:20And this
26:20is the
26:21difference
26:21between
26:212018 and
26:232019,
26:24etc.
26:24and now.
26:26Oh, absolutely.
26:27I 100%
26:28agree on
26:28that.
26:30So now
26:30coming on
26:31to talk
26:32a bit
26:32about the
26:33technology.
26:33So Fushima
26:34is the
26:37first ZK
26:37Rollup built
26:38on a
26:38proof-of-work
26:39chain,
26:39which is
26:40Calisto
26:40Network.
26:41So how
26:43you design
26:44the
26:44architecture,
26:45why do
26:46you choose
26:47ZK
26:47Rollup and
26:48how does
26:49it fit
26:49in
26:49into
26:50the
26:50venture
26:52club
26:52point
26:52too?
26:53I will
26:53let this
26:55one for
26:55you,
26:55this is
26:56technical.
26:58Actually,
26:59we decided
26:59together with
27:00you,
27:01because we
27:01spent a
27:02lot of
27:02time
27:02talking
27:03with
27:04ZV
27:05and
27:06we
27:07spent
27:07a lot
27:08of
27:08time
27:08understanding
27:09what is
27:10the best
27:11moving
27:11forward.
27:12We saw
27:13the
27:14Polygon
27:15as a
27:16good
27:16technological
27:17direction
27:18and the
27:20ZK
27:20rollup
27:21are both
27:21in the
27:22direction
27:23where we
27:24wanted to
27:25go.
27:26And
27:27the
27:28scalability,
27:29so the
27:30speed,
27:30low
27:30transaction
27:31cost,
27:31et cetera,
27:32was one
27:33thing.
27:34Then the
27:34other thing
27:35was we
27:37were working
27:38on
27:38Calisto
27:38Network,
27:39which is
27:39proof-of-work
27:40blockchain,
27:41and one
27:42of the
27:42downsides
27:44of
27:45ZK
27:46rollup
27:46was
27:47extremely
27:48high
27:48cost,
27:49like
27:49really
27:50high
27:50cost,
27:50because
27:51if you
27:51synchronize
27:52with
27:52Ethereum
27:53proof-of-work,
27:54then the
27:55amount of
27:55money you
27:56need to
27:56spend per
27:57month is
27:58really
27:58staggering.
28:00So we
28:01came with
28:01something in
28:02between,
28:03which was
28:05the ZK
28:06rollup
28:06connected to
28:08the proof-of-work
28:08blockchain
28:09Calisto
28:09network,
28:10which gives
28:10us the
28:11security,
28:12but it's
28:12still fully
28:13interconnected
28:13to the
28:14EGLER
28:15and the
28:15Polygon
28:16ecosystem,
28:18and it
28:18gives us
28:19the direction
28:20where we
28:21can grow.
28:21So I
28:22think this
28:22was,
28:23let's say,
28:25balancing
28:25the past
28:26and have
28:27the ability
28:27to go
28:29into the
28:29future with
28:30technology that
28:31is actually
28:32feasible and
28:33will give
28:33us the
28:34ability to
28:35scale in
28:36the future.
28:38Got it.
28:39No, I
28:40think that's
28:41a very
28:41sound choice.
28:42ZK
28:42rollup is
28:43the tech
28:43of the
28:44future.
28:45It's highly
28:45advanced tech
28:46and I
28:46think you
28:47are one of
28:48the early
28:48adopters of
28:49ZK, the
28:49way I would
28:50put it,
28:51because in
28:512025 we are
28:52still seeing
28:52a lot of
28:53improvements
28:53continue to
28:54happen on
28:55the prover
28:55side, the
28:56overall ZK
28:57tech side,
28:58and there
28:58are a few
28:59innovative
29:00startups who
29:00have taken
29:01the plunge
29:01and have
29:02implemented
29:03ZK,
29:03bringing
29:03privacy,
29:04bringing
29:04security,
29:05compliances,
29:06which I
29:06think is at
29:08the core of
29:08of Fushima
29:09Network.
29:10Yeah, but
29:10so are we
29:11honest, we
29:12would not go
29:13this direction
29:13if we didn't
29:14meet you as
29:15well, because
29:16this is what
29:18I want to
29:19say, that
29:19the
29:19cooperation
29:20ship with
29:21you guys
29:21is really
29:23okay, it's
29:24professional,
29:26and we like
29:27how you
29:27really know
29:28inside out
29:29these technologies
29:30and we can
29:31always rely
29:32fight on
29:33you as
29:33a partner.
29:35So
29:35ourselves, if
29:36we were
29:37doing that,
29:39I'm not
29:39100%
29:40sure if
29:40we would
29:41go in
29:42direction of
29:43such complex
29:44system, but
29:45with you, it's
29:46really simple
29:47direction, and
29:48we can count
29:49that you
29:50cover all
29:50these parts
29:51inside out.
29:53So thank
29:53you.
29:54No, absolutely.
29:55I think we
29:55are also very,
29:57very excited
29:57to work with
29:58Fushuma.
29:59We always
29:59love to
30:00work with
30:00innovative
30:01projects, and
30:02your founding
30:02team, it's
30:03always a
30:03pleasure to
30:04work with
30:04all the
30:05founders,
30:05Tonton,
30:06Vladimir, and
30:07the rest of
30:08your team.
30:09You have
30:10massively
30:10crew and
30:11track record
30:11of working
30:13on multiple
30:14blockchain
30:14projects, and
30:16the whole
30:17philosophy that
30:18you have, I
30:19think that's
30:20very compelling
30:21for anyone
30:21who wants to
30:23be part of
30:24this ecosystem
30:24or the
30:25Web3 space.
30:27So our
30:27experience has
30:28also been
30:28very, very
30:29good working
30:30with your
30:30team, and
30:31it's always
30:31good to
30:33learn as
30:34we work,
30:35like continue
30:36to learn and
30:36see how the
30:38ecosystem is
30:38evolving,
30:39whatever newer
30:40things are
30:40happening, and
30:41that opens up
30:42our mind and
30:43motivate us to
30:45create more
30:46tools, more
30:47protocols to
30:48work with
30:49builders.
30:50Yeah, yeah.
30:52I totally
30:53agree with
30:53that, and
30:54if I can
30:55add something
30:56on what
30:57Vladimir said
30:58is, for
31:00us, we
31:01position ourselves
31:03as a
31:04decentralized
31:04venture club,
31:05so there
31:06is no point
31:08to spend
31:09too much
31:10time on
31:10the technical
31:11aspect of
31:16the project.
31:16We want
31:17something that
31:18is reliable,
31:19that works
31:2024 hours,
31:217 days a
31:22week, and
31:23that's it.
31:24So this
31:26is why we
31:26are super
31:27happy with
31:28our
31:28collaboration,
31:29guys, because
31:29since the
31:30launch of
31:30the blockchain
31:30six months
31:31ago, everything
31:33was running
31:34without any
31:35issue.
31:37Each time
31:38there is an
31:39update or
31:39technical
31:40things happening,
31:42you are
31:42prompt to
31:43ping us, and
31:45we can solve
31:45everything
31:46super quickly.
31:47personally, I
31:50feel that I
31:52don't see the
31:52difference with
31:53our previous
31:54structure, where
31:56we were
31:57handling several
31:59developers in
32:00home, inside
32:02our own
32:03company, so
32:04you guys are
32:05taking care of
32:06everything, and
32:07for us, it's
32:08totally
32:09transparent.
32:09This is
32:10exactly what we
32:11wanted to
32:11get, so
32:13congratulations.
32:16Thanks,
32:17Anton, and
32:17thanks for
32:18your encouraging
32:19words.
32:19I think,
32:20fortunately,
32:22Yuvraj, who
32:22leads the
32:23customer success
32:24support, he's
32:26also part of
32:27this AMA, so
32:27it's absolutely
32:28a pleasure, and
32:30thanks for your
32:31encouraging words.
32:33So, one
32:34last piece
32:35that we
32:36have noticed
32:37a recent
32:38evolution in
32:38your Twitter
32:40communication
32:40strategy.
32:41So, just a
32:43bit about, you
32:43know, what
32:44motivated the
32:44shift, and
32:45what are the
32:46key takeaways
32:47that the
32:48community should
32:49be looking
32:50for?
32:52Well, that's
32:54an excellent
32:55observation.
32:57Actually, it
32:58is a proposal
32:59from a
32:59community
33:00member.
33:02His idea
33:03is to
33:04comment the
33:05crypto news
33:06every day,
33:08to position
33:09Fushima as
33:10a voice
33:11in the
33:12crypto
33:12space, and
33:14to gain
33:14visibility
33:15organically.
33:17And this
33:18is exactly
33:18what we
33:20liked.
33:21You probably
33:22heard about
33:24the crypto
33:25influencer
33:25scandal last
33:27week.
33:28These people
33:29were getting
33:29paid several
33:31thousands of
33:32dollars to
33:33sell projects
33:34to their
33:34community.
33:36The issue
33:37is often,
33:39this is the
33:40first idea
33:40you have
33:41when you
33:41kickstart a
33:43crypto project
33:44to say,
33:44okay, let's
33:45talk with the
33:46people that
33:47have a large
33:48audience and
33:49try to get
33:51visibility from
33:52their community.
33:54But now,
33:55if you had
33:57got before,
33:58now it's
33:58clear.
33:59These people
34:00are just
34:00scammers,
34:01they get the
34:01money.
34:02Today they can
34:03promote your
34:03project, tomorrow
34:04it will be another
34:05project.
34:05And I
34:06think, and
34:07this is not
34:08you for us
34:09because we
34:10are here for
34:11a few years
34:12now, and
34:13it's clear that
34:16their community,
34:16they don't care
34:17about this type
34:18of shit.
34:19Simply because
34:20they understood
34:20today it's this
34:21token, tomorrow
34:22it's another
34:22token, and
34:23again and
34:24again and
34:24again.
34:25So we
34:27wanted to
34:28have another
34:28approach and
34:29see exactly
34:30what this
34:31community member
34:33proposed us.
34:34So if you
34:35have a look
34:37at our
34:37Twitter today,
34:38you will see
34:39how we
34:40analyze the
34:40current news
34:41through the
34:42lens of
34:43Fushuma.
34:44So our
34:45idea is if
34:47people resonate
34:47with our
34:49perspectives,
34:50they are
34:51likely to
34:51take notice
34:52of us and
34:53hopefully
34:54follow us.
34:55So yes,
34:56we think this
34:57is a good
34:58way to
34:59build our
35:00community,
35:02to expand
35:02it, and
35:03yes, so
35:05this is
35:05interesting
35:06anyway you
35:07notice that
35:08change.
35:08Also, I
35:09wanted to
35:10just to
35:10add, this
35:11also comes
35:12from our
35:12experience
35:13with the
35:14projects.
35:15It's always
35:16a question,
35:17what is
35:17better?
35:18To have
35:1850,000
35:19people that
35:22don't do
35:23too much or
35:23are actually
35:24not really
35:25interested, or
35:26to have
35:26800 people
35:28that are
35:28super
35:29interested,
35:29want to
35:30help and
35:30want to be
35:31part of the
35:31project and
35:32share a
35:32similar vision.
35:34So these
35:34are the
35:35things, how
35:35we are
35:36trying to
35:37position
35:39ourselves and
35:40go forward.
35:42Absolutely, I
35:43think engagement
35:45is 100 times
35:46better than
35:46number of
35:47followers or
35:48people who
35:49are part of
35:49the community
35:49but not
35:50actively
35:52participating in
35:53the community.
35:55No doubt.
35:56So now we
35:58have come to
35:58the end of
35:59our session
36:00and I
36:02believe
36:02Fushima is
36:04a grand
36:05vision with
36:06a solid team
36:07backing it
36:07and a solid
36:08execution.
36:09So just one
36:10last question
36:10before we
36:11sign off.
36:12So if
36:12Satoshi were
36:13watching this
36:14AMA today,
36:15what do you
36:15think he would
36:16tweet about
36:16Fushima?
36:17Could be
36:17something like
36:18finally a
36:20project kick
36:21start by a
36:22community because
36:23we started,
36:24we didn't mention
36:25that but
36:26everything we
36:28did so far
36:29was funded by
36:30a decentralized
36:31way and we
36:33wanted to
36:34kickstart like
36:35as a proof of
36:36concept so we
36:37didn't want to
36:37raise millions
36:38of dollars but
36:40simply a little
36:41bit of money
36:42to prove that
36:44our concept
36:45works.
36:46So yes,
36:47the tweet could
36:47be finally a
36:48project funded
36:49by the community,
36:50managed by the
36:51community,
36:52everything is
36:53transparent and
36:54you really
36:55earn something
36:57as the
36:58ecosystem grows
36:59because of
37:00the
37:00system.
37:02So it could
37:02be something
37:03like that.
37:04Got it.
37:05Nope, I think
37:05sounds very
37:06fascinating.
37:07So thanks
37:09Anton, thanks
37:09Vladimir for
37:10joining us and
37:11I think at
37:11Zeev we are
37:13very excited to
37:13work with you
37:14to be part of
37:15this grand
37:15vision and a
37:17solid team and
37:17project and we
37:19wish you all
37:19the best for
37:21your future
37:21roadmap, a lot
37:23of success and
37:24lot of
37:24traction.
37:24in the
37:25decentralized
37:26space.
37:27With that,
37:28thanks once
37:29again for
37:30joining us.
37:31Thanks a lot
37:31guys.
37:32Thank you for
37:33having us today.
37:34Thank you,
37:34sir.
37:35Thanks everyone
37:36for joining us
37:36today.
37:37Keep building,
37:38keep smiling.
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