Welcome to Blockstars Web3 Weekly Podcast
We will be talking about everything Web3 and Blockchain. Apart from the weekly Podcast, we will also use this platform to include keynote speeches our team presents. We will keep this light and fun, and easy to listen to. We will dive deep into the technology from time to time, but our goal is to educate and bring all of you on the Web3 journey with us.
We will talk about popular technologies such as Blockchain, Development, NFTs and Crypto, and please be advised whatever is spoken about here is not financial advice.
In this episode we talk about Clouted becoming a uni student to becoming a key names in the cryptocurrency world. Clouted first time interaction with the concept of crypto was when he was in university doing his course as his lecturer was also a core contributor to Ethereum and introduced him to blockchain technology. It is this time and discussion that sparked Clouted’s interest in crypto and subsequently engage with Ethereum and smart contracts.
Chapters
03:23 - Guest Introduction: Clouted
06:42 - Early Days: Clouted’s Correlation with Crypto
12:43 - Traditional Finance to Crypto
15:57 - Interest in DeFi
21:34 - Some of the Work Done and Problems Encountered in the Initial Works
24:54 - Finding Out What the Meme Coin Story Is
27:32 - Creation of the International Meme Fund
33:12 - Unique Stable Coins
36:32 - People’s Attitudes to the Market and Their Forecasts
39:23 - Influence of Institutions’ Entry into Cryptocurrencies
42:00 - Outlook for DeFi and the Meme Coins
51:00 - Closing Remarks
Key Points
Early Beginnings: Clouted's involvement in crypto began during his university years when he had a lecturer who was a core Ethereum developer. This early exposure to blockchain technology proved beneficial for his future endeavours.
Financial Background: While studying and working at a bank simultaneously, Clouted gained significant insights into finance. His growing interest in technology eventually drew him into the world of crypto.
DeFi Fascination: Clouted has always been captivated by DeFi, believing it to be the best product-market fit for crypto.
Building in DeFi: For the past two years, Clouted has been creating DeFi applications, contributing to the development of the space.
Meme Coin Narrative: Recognising the trends in the crypto market, Clouted formulated a thesis on why meme coins would perform well. He leveraged this insight to position himself within the meme coin narrative.
International Meme Fund (IMF): Clouted's current project, the International Meme Fund, seeks to offer payment infrastructure for meme coins. This project allows users to stake meme coins to borrow against them, thereby establishing a decentralised financial system for meme coins.
Key Topics
Meme Coin Thesis: The origin of Clouted’s investment hypothesis on meme coins and the formation of the International Meme Fund.
Thought-Provoking Questions
In what way does meme coin’s inherent instability affect the concepts of structuring and durability of the IMF protocols?
What are the various long-term effects of integrating centralised/legacy finance with decentralised digital assets particularly in the case of meme coins?
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