How AI is changing the way investors read onchain data, with Nansen's CEO

Transcript

GM. Good morning. Welcome to the Milk Road Show. The daily crypto show for investors who know patience is a virtue and still check the chart every 15 seconds. I'm your host Jay Hamilton. It's Tuesday, June the 10th. We're up 260 billion in the past 2 days. Things are ripping. Why? What is going on here? Could it be because of the SEC chairman Paul Atkins remarks? We're going to talk about that today. We're joined by Alex, CEO of Nansen, one of the leading onchain AI analytics platforms. It's basically like a cheat code for investors. Guys, we're going to talk about the best place for investors to get Alpha, how AI is going to impact investing and Alex's outlook for the

rest of this year and what he's excited about over at Nansen, and so much more. Before we jump in, I'm so stoked to tell you guys the Milkro team continues to cook and we have just launched Milkro Den. Sorry, just we're launching it this Wednesday. Milkro DJ, a new newsletter that you can get in your inbox twice a week to keep you on top of the trenches. If you want to go down the risk curve and have some fun and gamble, check out Milro DJ. These guys are cooking over there. Today's episode is brought to you by Letin Get Cash without selling your Bitcoin. It's also brought to you by meanwhile ditch dollars insure in Bitcoin. Without further ado, Alex Tken god, welcome to the Milk Road Show. DMJ, good to be on the show. Thanks for

having me. Absolute pleasure to have you, my man. Uh, okay, let's start. You and I were actually just chatting before we recorded and you brought up this tweet from SEC from the SEC account on Twitter. I'll let you you you go ahead with this one. This is all you. Yeah. Firstly, I think we have to read this out loud because it's so beautiful. From the SEC account, the American values of economic liberty, private property rights, and innovation are in the DNA of the DeFi or decentralized finance movement. It's almost touching. It makes me want to pack up all my things and move to the land of the free, the home

of the brave, America. It's beautiful. Wow. But yeah, it's uh Did you ever Did you ever think Did you ever think we would see this? This seems I I honestly thought it was a hack at first. I was like, "This can't be real. It can't be real. It's a Yeah, it's a hack. I mean, it's incredible." Like, I guess a year ago, we still had Gary Gster. I mean, less than a year, but the tone shift, right, that uh that we have. And uh I mean I really think that regulators play a very important role in just messaging right the one thing is the specifics of the regulations but I think this really sets the tone for crypto in America and it makes me really bullish on crypto of

course overall but specifically in the US and so like my hope as someone who doesn't currently live in the US is that this also ripples throughout the world and maybe other regulators throughout the world will take a similarly positive view uh on DeFi because yeah I mean it's it's totally true right like it literally is true what they're saying that DeFi is probably the best way that you can drive economic freedom so yeah I it's super bullish very excited it's so incredible I mean and this is Paul Atkins so this is what happens when you get rid to Gary Gendler and you get somebody else who is pro crypto. But

people don't recognize I don't think the the shift that has happened in Washington yet and the impact the ripple effects of that because we haven't felt the ripple effects of that yet. They're still to come and we really what we felt the ripple effects of is Trump headline news and tariffs. So, we've all we've all shifted our perspective and it's like we've forgotten and then you see stuff like this and you're like, "Wow, the next the next 12 months I think could be so so exciting." And I don't think anyone's really in that mindset yet because we're still we're we're still struggling with with coming to terms with all the macro [ __ ] that's going on that is just an endless

dumpster fire unfortunately. But I got to come back here. Look at this. He said, he says the words minor, validator, staking as a service. I mean, we're going to talk about your staking products later. It's just think the SEC is tweeting stuff like this. Yeah, never thought I would see it. It's beautiful. It's uh it's amazing. Yeah, I'm very excited about it. So, I think yeah, you made a good point there that in the world of politics, but also in the world of traditional finance, the world just moves way slower. So even if something gets announced or you know we learn about you know some change it still takes months or sometimes years for it to actually manifest right and I always think about that in the context of like

ETFs right um the ETFs for Bitcoin and and ETH when they went live it's like okay but it's still going to take months for these to be fully integrated into various different crowdf products right so I I really like these types of developments because it feels like you just get this like gradual increase in like capital and that's going to flow into the space and interest in the space. So I think it's really good. It's it's a time is so tricky when you work in tech and crypto because if you work in that space, you move at such a rapid pace that you assume that everyone else does and you forget exactly what you're

saying that they don't. and and and we're so short, our memory is so short that we don't think about what happened six months ago. And like patience is such an edge. It's such a virtue and staying focused and sticking to your plan as an investor. It's it's just such a a massive massive edge. Maybe circle maybe circle is also a good example of that, right? the recent IPO where um what yeah I mean I was one of the people who kind of midcurve this and said you know it's not actually such a great business because a lot of the revenues go to Coinbase and you know you have Tether that's larger you're going to have tons of competition banks are going to launch

their own stable coins but clearly like if if you also said that and clearly we were both wrong at least in the short term right because it's it's really outperformed to the upside like incredibly surprising frankly but very bullish also very positive. So you know I was kind of I made a joke this week that they've discovered stable coins on LinkedIn but that's kind of like the feeling I get that like we've known about stable coins for years right but actually actually now it's like they're finally learning that like stable coins exist and they're very confused about what they are. So yeah, so I I think like if uh of course we didn't really have a way to invest in circle, most of

us, but now it looks like if you just bought the IPO, you're you did a great investment. So yeah, you just bought the the IPO pop that everybody dreams of and nobody gets, right? Which is why like investing in IPOs is usually too dangerous. Uh and but but you know what it says to me though is it says it says there is huge the market investors have huge demand for stable coin exposure and they can't have it really right. So like because do you think the the same investors buying circle is going to go buy sky? Look I'm buying sky. I love sky but like I don't think that that's that's a different investor right different profile. So they you're absolutely right. I think the the the

left curve or right curve take on this is that this is the only way for Wall Street to get exposure to stable coins. And so yeah, what are you going to buy? You're going to buy circle stock. It's the only way to bet on stable coins. And you hear like Scott Bessant and like all these guys talking about how big stable coins are going to become and you're like, how do I invest in this? Well, the only thing you can buy is circle stock. What's uh what's the market cap at because I I think the market cap for Circle is close to the market cap for Coinbase, which I'm sorry, but that just doesn't make sense to me. It it it doesn't make sense. I agree. Uh I think yeah, I I saw I think it maybe hit 30

billion market cap. I don't know if it's at that level right now, but I think it did touch 30 billion. Um, and I can't recall Coinbase market cap on the top of my head, but uh, Coinbase is like 250, I think. Oh, okay. Okay. Okay. So, no, it's nowhere near. Yeah. Yeah. Yeah. It's 30 billion. 27 28 billion. Okay. Nowhere near. Nowhere near. Okay. That makes That's I'm glad to hear that. I don't know why where I heard that. Okay. Let's uh let's let's come let's come back uh to um to Nancy because we've been we can we can I I want to get I want to get you guys are just doing so so much cool stuff and I I don't want to I don't want to lose that. Uh, and I I want to for

those who don't know Nancy, I want to intro it with uh I believe Nancy is a great place to get etched, great place to get alpha, right? I mean, your your name uh your label on today's show, your name is Alex, but your label is token god. Uh why is your why is your label token god for for everybody? Because one of the most popular features in nonsense is called token god mode, which gives you a god mode view on any token on chain. And so somewhat jokingly, I adopted that nickname when I'm on live streams in particular. Uh the token god. Uh I wouldn't uh actually claim to be the literal token god, but that's where the name comes from. So what is a god mode view of a token? Yeah, I mean what it

what it so the job to be done for token god mode specifically is to help you perform due diligence on an onchain token that you may or may not want to buy. And so when you go into token god mode, obviously you can see a real-time price chart, which most people expect, but you can do a lot of cool things. For example, you can click on any candle, right, on any time scale, and you can say you can literally we call it call it candle inspector. You can click a candle and you get to answer the question who bought and who sold in that specific candle. So if you have a big you know green candle you can look at who bought and on chain we break down from looking at all the activity on chain and also we

label the addresses you can see who actually bought and who caused that you know green candle or who sold if you have a red candle. So, you know, we try to give you kind of like an X-ray vision on like any any token. And it's very important to know who else is buying or selling a token, right? That's kind of the basic premise here. And the beauty of blockchains is that they're transparent, right? The tricky thing is that you don't know who owns which addresses, but that's the gap that we close with nonsense. So we have more than 400 million addresses labeled and a lot of those labels are actually now created agentically with with AI uh

workflows and in fact maybe that's something that we could um you know get into a little bit later with regards to like how we do that but yeah so so token development really it it helps you decide like should you buy this token should you sell this token it's it's effectively a due diligence uh product on any token on chain Incredible. Incredible. And what I love about it is when you say that you label all these wallets, it you label them as smart money wallets. So it allows you to see what you would consider these and you know these wallets can you can see they've done well. They're smart money.

They're traders. They've made good investments. Uh and I Okay, so I just going to pull up a few that I wanna I want to show off here to give everyone an idea of what you can do here. So, uh, here's one from my today. Earlier today, a newly created wallet deposited 5.5 million USDC into Hyperlid and opened a BTC long position with 20x leverage. 20x leverage. Currently, the position is valued at over 53 million. Look at this. The the call the liquidation price on this is 96,000.

Wow, this guy's got big balls. Would you do this? No, I would absolutely not not do that. No way. But, you know, good for him or her that they managed to to get into that position. I mean, but yeah, this is a great example actually because this is the kind of stuff that not only I think does it give you alpha with regards to what you know certain traders are doing on chain real time, but it's also quite entertaining just to like monitor these people. And you can also set up onchain alerts or smart alerts as we like to call them. So you could potentially set up an alert for this address and every time they make an onchain transaction, you get a notification and you can set like thresholds. I only care about above 1 million or whatever. So So yeah, it's a great way to stay on top of what's

happening on chain in real time. Okay. I I I I I just got to say something quickly and then we're going to come back to it, but when you talk about this type of data and this type of knowledge and then putting it together with AI, I my mind starts to explode about so but let's I got a few more few more tweets I want to show and then we'll Okay, I'd love to get into that in a moment, but yeah, we can cover the other ones first. Okay. Uh I got to bring up this one because okay, we talk talk about AI. It's not a lot of opportunities to invest in AI. I talk about this on the show all the time. Uh where where's the good AI projects within crypto? One project I really do like is Venice VVV and Smart Money has been quietly

stacking VVV. In the last 30 days, their holdings jumped 38% now sitting at 96,000 tokens. Meanwhile, exchange balance has dropped 35%. Looks like someone's positioning early here. Yeah. So, one way people think about nonsen is it helps you answer the question, where are all the tokens sitting, right? And this is a good example where like relatively the tokens have moved from being on exchanges into the hands of smart money wallets which is generally you know nothing we say is investment advice but generally that's a pretty good sign because it means that they're basically scooping up the token from exchanges and positioning or you know

taking those tokens into their own portfolios. So that's kind of what we're seeing here. You know, we've labeled thousands of addresses as smart money. These are the addresses that actually have a good trading or investing track record on different time scales. And so, you know, a selection of those addresses have been buying the specific token. And it looks like they've been just scooping them off uh of exchanges. Selling your Bitcoin should be a last resort when you need cash. That's why there's Leen, the trusted platform for Bitcoinbacked loans. You can unlock cash in as little as 18 hours with no monthly interest payments and no prepayment penalties. They've issued over 9 billion

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terms. Plus, get all the tax and legal benefits of life insurance now in Bitcoin. Visit milkroad.com/meanwan to join the weight list and get early access to the world's first Bitcoin life insurance. Okay, let's let's go to to AI. I'm an investor. like what's going to h this honestly this is all like where where my mind goes is okay you've got incredible data that allows people to see what great other great traders and great investors are doing instantly like immediately right like no delay okay you combine that with AI like and then and and and and then onchain wallets and AI can trade for you like

aren't like what I feel like we're going to get to the point where all the AIs are doing the same trades like is there the edge. Well, I don't I don't think that's going to happen. Uh, but you know what I would say is one of the one of the most common feedbacks we've been getting over the years is that nonsense the product is is hard to use, right? It's like hard to find where you know you get a certain amount of information. And so to the product team internally, what I've said is we need to disrupt our own products with AI because I don't think that the way you interact with software today

or you know up to today is going to be the same as the way you interact with software next year and beyond. Right? Today humans use software but next year onwards humans are going to use agents that are using software. And so that is um a fundamental paradigm shift the way I think of it. And so one thing we are working on at the moment internally is a nonsen MCP uh which is a novel context protocol.

But what it allows you to do is to connect any AI agent or any AI tool like chatgpt cursor to nonsense. And that means you can essentially uh get the agent to um perform research to discover investment opportunities to perform due diligence on your behalf. And you know, it does this much quicker than what a human uh would be able to do. And so yeah, so that's that's um you know, that's I think it's going to be revolution. It's it's live internally.

It's live internally in a very early version, but we are going to release the nonsense hopefully next month in an early version, which means you can literally connect nonsense to claw, jbd, cursor, whatever. That's like the first thing that we're launching, which I think is going to show people that like there's a new way to invest. You know, this is a this is what the future of investing is going to look like. and like clicking around in a product and finding a dashboard or whatever. That's kind of how we used to do things. Now you just talk to effectively like a a hyper competent research team that's available 247 and has real time onchain data that's

labeled and it's just it's just like completely revolutionary if you think about it. You're putting you're putting me out of a job. I'm not going to have a job anymore. No one's going to No one's going to show up to the road show. They're just going to go talk to their AI agent on dancing. I I don't I think on the contrary, I think you'll have the chance to create like tons of you like super interesting content using this stuff, but because to your point earlier like are all the agents just going to buy the same stuff? I think actually no. I think what's going to happen is now we get the tools to explore different corners of crypto with an incredible depth which means that you can discover some investment opportunity that I would never you know

look at because you have a different you know trading history different portfolio you have a different yeah different purposes you have a different prompt right and so that means you get this I always thought this was really exciting about crypto by the way that there are so many corners you can go into And everyone can have like alpha in their own little space. And so I really believe in this kind of notion of kind of like personalized alpha. It's not alpha if everyone sees the same thing. But if you find something that literally no one's ever you and you and the agent just discovered something that literally no one's ever seen before, that to me is the most exciting. And by the way, like we named the company after a polar explorer, quick non. And I always thought of like what we do as kind of

giving you the tools to go into the unknown and discover the unknown. Like go places where no one's ever been before. And these tools that we're going to release in the next weeks and months, I think are going to allow you to do that in a completely novel way. So it's it's super exciting. Just internally using these tools, it's like incredible. Every day I see people having these magic moments using them. and they're like, "Holy [ __ ] I can't can't believe like the agent was able to do that." But when we release it to end users, that's Yeah, that's going to be a whole new world, I think. Oh my gosh. And so, wait, wait, one in one month, two months. I I think we'll have something out in I don't know if it's going to be a private or public beta, but definitely

to our professional subscribers, we're going to have something available on the MCP front in July. Wow. Like if Yeah. Wow. I I the Okay, here's the one impact that I I I I hear what you're saying. There's there's I mean there's millions of tokens, literally tens of millions of tokens. Uh probably tens of millions of them are also uninvestable and like dead basically, but there is there is millions. Uh so I see I hear what you're saying on preferences and then there's and then there's tens of thousands of stocks and public companies around the world. So, I hear what you're saying there, but like there has to be an impact on maybe like the biggest investments and the biggest uh stocks or the big or bitcoin because when we all

use AI, we all are going to ask it to like tell us what is the best riskreward and like help me understand compounding it. It'll it'll frame our our our view in a different way, I think, because it will know that that the goal is to actually make money and compound. Compounding is how you make money and long-term investing is how you make money and all these things. I could see I could see it having an impact on the big boys in either direction. Some of them probably AI is like, "Look, this is like Bitcoin." I think all of a sudden the whole world's like, "Oh, yeah, right. Bitcoin. Okay." Okay. And maybe that makes Bitcoin pop or something like that, right? But like maybe maybe some big mag seven company's not really in on

AI. I mean Apple's doing weird stuff with AI, right? Like and maybe maybe AI points out that that's like, you know, yeah, a way to go. Anyways, I just I don't know. I could see that happening. Yeah. I think of it as kind of leveling the playing field, right? Because most retail investors don't have access to a world-class research team that is willing to work 24/7 and has like no fatigue, right? Robin Hood Robin Hood's new product, right? That's that's what they're going after with their with their product. A lot of fintexs are trying to trying to trying to so what for for for like for stocks and kind of like offchain but you know our our

playing field is onchain right and that's what we are like yeah even if Robin Hood tried to do this for onchain they would have like a way worse product than us because we just have literally the best data and the best we have the best cards frankly uh I mean I'm biased as the CEO but like we genuinely will go up against anyone in the when it comes to onchain alpha and analytics and and even specific things related to that like our labeling of addresses is superior every single address AI agents are involved in the labeling of addresses you said earlier yeah so so one one thing we're actually launching this week to professional subscribers is deep research on addresses and literally

what it does is you know you can imagine going into So I said token god mode is one of the most popular features in nunen. The other feature is profiler. These are the two most popular features in nunson. And profiler allows you to input an address or an entity like binance or ftx or whatever. And you get an overview of that entity or address. And so when you look up an address you get a label. So if I look up my address, it'll say Alexonomy and it'll have some additional behavioral labels like maybe I'm a multisig signer for pleaser DA or whatever. Sometimes however we might not have a very informative uh label and so

what you can do in that use case is you can click a deep research button. This triggers basically a team. Yeah, here you go. That's the deep research button. It triggers a team of agents who are specialized in finding out who is behind an address and they go out they look on chain they use our data they go out on the web they look at GitHub and they look at mentions of the address on GitHub they do all sorts of work they come back they vote and they say well you know four out of five of us thinks that this is Jay Hamilton's address and so we're going to give that a high confidence and we're going to recommend that the user labels this is Jay Hamilton And here's all the evidence for it. Like it's incredible. And so we've

been doing this on the back end for a very long time, right? But one uh at some point someone in the team was like this should be an enduserfacing uh feature, right? You should be able to just prompt it and like click one button and it just does its work on the fly. So it takes about it depends takes about five minutes because it literally does all that work on the back end and then it comes back. It has the report and I don't know if you have an address we could maybe try doing it on the fly and and see see if it comes. Let's do it. Let's do it. Let's let's do it. Let's put it in an address. I I don't have an address. You you you pick an address.

Okay. Let me let me let me bring up uh Yeah. No, you find the address. I'll bring up the screen and let's see what we find. And so I mean like while we wait you know you could look up a like an ENS nameson and you know this is what profiler looks like. This is let me add let me add you to my address. So so this is kind of you know if if I just go back again to the home command K you search for anything you can input an address. I don't know I guess I guess you don't own J. But that turns out to be an address. Let's find out who J. Okay. Interesting. Sorry, J.

Oh, Agon. So, they have multiple. So, this is what you already see when you go into nons like just uh let me explain that real quick. So, this is the profiler of a specific address and these are like labels we already created. So, this this uh person owns a lot of ENS names like Chad. They own wood. Chad, that's a good one. That's a good one. That's a that's a that's a fun address actually. And uh tornado Oh. Um, oh, cafe. Yeah, they have they have they have some very good DNS names, but so I don't really know who they are, right? So, what I could do now is click this one, right? Deep research. Boom.

That brings up the AI here on the side. And now I've prompted it. I don't have to write anything. I just click the button deep research. That kicks off the agents. And then you can see here, right? um research journey, network activity discovery, labels retrieval, identity resolution, transaction graph analysis, portfolio composition, key connections exploration, code repository search, web search, source code retrieval. These are all individual agents. These are all individual agents basically. Yes. Yes. And and so how many people how many agents are on this team?

Uh how many agents? I mean it depends how you think of it I guess but you could maybe say it's like one agent per area of these like but yeah like you have your own team of 20 onchain sleuths that are just that's right and and it does take a while so we can we can maybe like talk about this like while it's working but uh and actually by the way you could all go over to deep research here you see it says internal because we haven't released the end users yet but these are like these are my my research history of like addresses I've looked up. So, for example, I looked up Yeah.

What What did you find out when you looked up an address? What do you What did you learn? So, Sony, you know, like, do you know Song a Day, the guy who writes a song a day? Um, I just I just bid on one of his NFTts, the number 6,000, which is fantastic. And I saw there was a token pre-sale and I looked up the address and I run ran a deep research on it. And so, maybe we could look at that as an example. Let's see if I look at the report. should be over here. So here, right? Uh it's saying, oh, this is a token pre-sale. So it nailed it. It didn't say which token pre-sale, but it says in the text actually, right, to collect ETH contributions for the taxes memecoin pre-sale. The administrative control is exercised by the address sad 6,000. E,

which calls functions like set thumb, time, and withdraw. And so multiple potential associations were identified, including song a DAO and Twitter account song a day men, right? So, it's like really nailing what this um this token pre-sale who's involved Twitter handle. Incredible. Incredible. And so, and so yeah, it's it's yeah, it's very cool. And um go ahead. I'm I'm just trying to think about like how so if you're if if I investor user like let's think about a user who's an investor, right? They've got a wallet that like has a lot of activity, right? Yes. uh they so they deep research it

I'll show you an example right I was looking at uh Uma because they are like behind the scenes powering um their power UMA is like a it's a it's a little bit like an oracle I mean I don't want to sort of mislead people on how to explain it but my understanding is basically it powers poly market like the the prediction market platform And so when X and prediction market platform and poly market plat partnership was announced, I was like I wonder if UMA is going to have a positive impact. So here you see what I talked about earlier, right? This is token god mode. We looked up buma and you can say I want to look at this candle here, right? It popped there. Who actually bought? And so down here I get

like oh this high balance which by the way we calculated all their P&L, their net worth, their win rate and all their trades and everything. It just, you know, when you hover over the addresses, you get that information, right? And and then you can do you can click on them and you go into that same view as before. And so if I'm an investor, I might be like, okay, they bought that candle, but who are they, right? And so this is where I could go in and again prompt the deep research and it goes out and maybe it's, you know, an investor, maybe it's like uh could just be a retail investor, maybe it's like a fund, who knows, right? And this will give me a bit more intuition on do I want to copy this trade? Like does this seem like someone who might have information

that this is going to be a good investment and so on and so forth, right? So, uh I I like that workflow where like you go into token go mode, you figure out who's bought, you find the top buyer, and then if we don't already have a label, you can prompt the deep research to figure out who they are. And so it looks like our other one, okay, our other one um our other uh analysis finished although of course it's the demo effect, right? You get a confident score of three out of 10. So it's not very confident and it's highly speculative, but what I've noticed is that it's worth looking at the actual report because sometimes it does give you good information even if the overall

conclusion is not very confident. So it's saying Leon Leone uh sophisticated multi-chain trading activity including interactions with protocols like maker dow crosschain bridges the trading patterns suggest individual rather than institutional control. Uh transaction figures are low enough to indicate humanlike activity rather than automated bot. The wallet has technical expertise because they've deployed contracts. Uh and so stuff like this is like well it gives you more intuition right like who's behind the address even if you don't know who exactly they are. So to me it's kind of like democratizing to some extent like this incredible capability we have in the company to to

like investigate and research addresses right and you're probably familiar with Zach right Zack uh is it XPT is that who is like an incredible sleuth and researcher but you can like almost do like an 8020 version of what he does with this um with this feature and you can like shortcut maybe some of the research and then you can still plug the gaps manually in addition to this. Right. So anyway, that that was just a quick one I wanted to show uh the viewers in terms of a new thing that's launching this week. Yeah, I I got to make a a quick joke that uh this is not a paid episode, everybody. Uh we don't we don't usually do like product screen shares like this. This is not a paid episode. Alex, I might send you my bill

after this, so you might need to pay. Yeah. Give you an affiliate code and then Yeah. Yeah. Yeah. But I that is just incredible. It I'm just I'm really trying to frame this as an investor like there's just so much edge that investors are going to be able to get through tools like this. The key is though you So will that will the deep research agent talk to the MPC and will will you be able to plug those in together? Yes, it's a good question. So I think firstly like the next thought I had when I used this and I was like this is [ __ ] incredible. It's like you you

probably want this on a token too, right? To be able to deep research a token, right? Like what are people saying about this token on X in the last 24 hours, but also what's happening on chain, who's buying, who's selling. Just synthesize all of it. I don't want to click through everything in token god mode. Just give me like the executive summary and maybe even give me a score. like give me like oh this is I don't know 83% high score bullish whatever so that's like the next thing for me that we should be able to do something similar for tokens but specifically on your question on the on the um on the MPC or the uh sorry the MCP this is the two acronyms that uh so there's a model context protocol and there's also multi-party computation for I also said MPC so yeah so so MCP is what we're

launching so so Yes, you know the the MCP should be thought of as an app for other agents, right? So if Nunson think of think of the agent like think of a claude or like Chachi PT as having its own like smartphone. This is not the best analogy, but let's imagine it's like that. And on that smartphone, it has certain apps. And one of the apps that the agent has is the Nunson app. And the agent is incredibly proficient at using the app. And so can it use deep research? Sure, why not? Can it, you know, look up existing labels? Can it actually synthesize all the insights

from token god mode? Yes, it can do all of these different things because it's just an incredibly proficient user of nonsense. And so this is why I say like the old paradigm was humans using software. The new paradigm is humans using agents using software, right? So all of these capabilities that we are building out, we should we will make them available either through the MCP or through some other more like agentic product that we are working on as well, which I'm not going to share too much about right now, but it's coming later this year. So, so yeah, there it's like it's a very fun time to be building because I do think that the whole just like how cursor has changed how you

code. Um I I do think Nelson has a chance to change completely how you invest and trade. So that's that's the big you've already but you but just getting started. Yes, totally. Right. Just getting started. But we've kind of align we've sort of like I think we've set the direction. We've started executing on this. We have an incredibly competent team. You know, we've never had higher talent density at nonsense ever. And so I think the team is just going to cook insanely hard on this front for the next weeks and months. And so on multiple fronts like I I do have to plug next week we're launching nonsense points

which is going to be a loyalty points program that is really Do do you have a token? We we do not have a token. You don't have a token? And there will be no nonsense token in season one of points. Just be very clear about that. So if you see nons token, that's a scam and don't buy it. Uh it's important to warn users. So nonsense points is a loyalty points program which is going to reward loyal users. And it has a tiering structure which unlocks progressively both nonsen rewards and partner rewards and something else called permissionless rewards which uh we will share more about later but essentially this is something that you know if you stake with nonsen if you subscribe to nonsson if you refer other users to nonsen you're going to earn

nons points and this is launching literally one week from now Tuesday next week so people should watch out for that but after points we have all these new releases coming out like the MCP that's launching you know we have uh an agentic product that's going to launch uh hopefully end of Q3 and we have some very exciting things we're going to be launching on the same time as well which I can't share about right now but yeah it's like I I I've said this uh you know re recently you know literally there's never been a better time to be an user than right now and so people should just you know use the product and and enjoy all the new releases that we're going to be shipping.

You're fired up, man. I can feel the energy. Let's go. Yeah. I'm sorry for I'm sorry for shilling shilling so hard, but I'm like genuinely super pumped about. I was going to say it's it is genuine. I can tell it's genuine. You might a few people might slam you in the comments, but hey, you got Thanksg. Wait, I got to I I have to ask and feel free to say no comment, but uh are you going to launch a token? No comment. Totally fair. I'll leave it. It's it's a moving it's a moving target. What I will say is we will never launch a pump and dump. We will never launch something that we don't believe in and we are here to build you know a company that lasts 100 years or more. And so how old are

you guys? You know uh five years now. So, you know, still have another 95 years to reach 100. But, um, but yeah, it's it's important to me, and this is like a deeper topic, I guess, but it's important to me that, you know, on the one hand, you could say the incentives of the crypto industry are set up such that it's easier to just like cash out and move on to the next thing, frankly. And like sometimes I struggle with that because I'm not wired that way and I want to build something lasting. And so that's why I keep saying like we're not going to launch something that's like a pump and dump and create exit liquidity for a bunch of people getting an airdrop and then all the retail investors buying the token, you

know, is left holding the bag. Uh which is sadly like what most crypto projects do if I'm being totally honest. So it's a moving target, but there's no token in season one. That's very important because I don't want people to get scammed by fake nonsome tokens. So, if you see an awesome token in the next like 3 months, that's definitely a scam and you should not buy it. Yeah. Yeah. I'm going to jump on that. There's also no Milk Road token, everybody. And you will get emails saying there is a milk token. It's not us. Don't buy it. Don't touch it. It's a scam. Be careful out there, everybody. Let's end it there.

Alex, absolute pleasure to get you on the show today. Appreciate your time, my man. Thanks for having Yeah, it's great to be here. We are going to put some links in the show notes because we talked about a lot of different things in today's shows. So, we'll make sure we give you guys all those links. I have to remind you, as always, that none of today's show was investment advice, financial advice. I'm not your financial adviser. Alex's not your financial adviser. You should always do your own research and you should always think before you make investments. If you need help with any of your thinking when you're making your investments, check out Milk Road Pro because we just put out a sweet report this past weekend that talks about all about our outlook for June. And you're going to there's there's some good edge in there. some

really good edge. So, check it out. Thanks for listening in, folks. Have yourselves a wicked awesome day. See you back again tomorrow. As always, if you liked today's episode, please hit subscribe and make sure you follow us so you don't miss out on the next one. There's also a link in the description to our free 5-minute daily newsletter where we simplify crypto for you while making you laugh. And if you're willing to step up your crypto investing game, we're going to also leave a link for Milk Road Pro. You get access to our portfolio where you can see exactly what we are buying. This is your number one resource to help you invest successfully in crypto. One final note, this show is for educational purposes only and

nothing we say is financial advice. Investing in crypto or any asset is risky and you should never invest more than you can afford to lose. Thanks so much for listening in my friends. Have a wicked awesome