Coinbase launches retail token sales platform with Monad as first offering at $2.5B FDV

valuation is 2 and a half billion. So, you can do the math on the number of tokens out there. Um, the allocation to Coinbase is $187. 5 million uh worth of monad tokens. And again, that will represent the bulk of the float uh once it's tradable.

So, the actual market cap that's floating is going to be a small fraction of the total long-term fully diluted valuation. Fascinating. That makes sense.

Uh well, very very interesting new product and uh I'm sure uh hopefully we can get the the Monad team on uh as we get closer to them to learn about uh the protocol and what they're working on. Yeah, that'd be awesome. Thank you so much. Thank you guys. Have a great rest of your day. Thanks, Scott. Cheers.

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Out of home expertise and data to enable efficient, seamless ad buying across some new billboards. We're cooking. We're cooking. We've heard your complaints. Not enough TVPN billboards. Haven't seen one in a while. We The funny thing is we actually have been getting that complaint. Very silly.

Uh we have Lawrence Allen from Tteranova in the reream waiting room. Let's bring him in into the TVPN Ultra Done. Lawrence, what's happening? Look at that. Look at that flag. Look at that. The flag, the suit. Wow. Royal flag. Isaiah looked so dapper yesterday. I I figured I had to put a suit on. You look fantastic.

Give us the news and then I want to go into what the Florida ceiling flag. Yeah, this is it's amazing. This is a great time. So, some of these flags are just too small, you know? It's like hard to even tell if they're they're real or not. American flag. I'll I'll let you in on a secret.

If you want to win the game for the biggest flag, you got to put it outside. Go on the roof. Everyone's putting the flag inside the factory. If you hang the flag outside the factory, uh also the world's biggest flag, they they bring it out at uh like the halftime of the Super Bowl every once in a while.

There's one of them. It's like the huge And you can get it for like 500K. Only 500K. It's not that much, right? If you if you got 7 million, I mean, it's a lot of money, but it's a lot of flag. It's a lot of money, but it's a lot of flag. Anyway, sorry. Uh, it's great to have you. Great to have you on the show.

Weirdest. Weirdest office ever. And the the outside of the part that's my bedroom is painted rainbow. So, I was thinking we just repainted American flag. Okay, there you go. So, you sleeping in the office, too. Absolutely. You know, it's I think it's becoming the standard. Where Gundo? We are not.

We're We're in Berkeley. Cool. The flag would be a little smaller in Gundo because the the price is like 320 a square foot there. Oh, yeah. Great. bringing American dynamism to Berkeley, going on the offensive behind enemy lines. Um, uh, anyways, great to have you on the show. Congratulations on the launch yesterday.

Uh, breakdown, maybe give some background on yourself and then let's talk about the company. Yeah, sure. Yeah, I'm a recent Berkeley grad, dropped out of Stanford grad school. Um, I worked at SpaceX before and I am CEO of Teranova. So, we just launched out of stealth.

We probably had the longest stealth mode you've seen. And we How long the the There are companies that have been in stealth for like a decade. Longer than you've been alive. Maybe not the longest you've seen. I mean, humane humane humane humane I've been in stealth for like seven years. Yeah. How how long?

A couple years. I've been working on this since I was at SpaceX, which is like late 2021. So, I was in school until under a year ago at Berkeley. I stay corrected. Serious stealth mode. Serious stealth mode. Serious stealth mode. Yeah. So, we're we're we're officially out.

Um, proud to announce our $7 million seed round led by Congruent. Great hit. Great hit. Congratulations. I was excited for that one. And Outlander as well. Fantastic. Awesome. Yeah. Who funded Valor and also Ponderosa and Gothams? Uh, very very cool. What? Uh, so what are you working on?

Yeah, we're building terraforming robots. So, usually when you hear about terraforming, it's some in the sky stuff like what Augustus is working on at Rain Maker. Here, we're talking about very physical on Earth terraforming where we are lifting land physically out of flood zones.

I think this launch video captures it very well. Um, but we're basically injecting really, really large amounts of material underground to just directly lift land. So this would be really useful for you if you are currently in a coastal area.

I think lots of places all over LA, even parts of Gundo have this issue uh where you were just too low. Long Beach was called the sinking city for years and the reason is because it just sunk about 10 or or 20 feet due to subsidance and from that subsidance you have flooding.

So it's not just sea level rise, it's usually petroleum extraction or groundwater extraction or being built on fill. So cities all over the world are facing this issue and there's just really not much you can do about it. You already have the infrastructure in place. What do you do?

You know, there's no way to lift that infrastructure up. You can't put it on some little stilts like you can do a small, you know, singlestory house. You can put a giant seaw wall in. Usually you're looking at hundreds of millions of dollars for things like that.

Sometimes levy systems will work, but usually what's happening now is they're just demolishing the infrastructure, putting a ton of filter on it, waiting, you know, a year, year and a half for it to compact and and moving around dirt on the surface to make that happen. And then they're rebuilding that infrastructure.

And so, you know, maybe that's fine if you have, you know, some inexpensive property, but we're talking highways. These are, you know, 8 billion projects for Highway 37, which is, you know, a few miles north of here. You're talking about mass displacements when you're doing this to whole cities. I'm from Sanfell.

We are facing this problem. Sanfell has about 60,000 people and they're facing a 500 to900 million bill for the seaw wall system that they need. There's just no way they can afford that. And so we took a a super first principles approach. How could we save our hometown? And this is what we came up with.

So you're injecting dirt and rock into the ground in order to uh uh effectively move uh move move like an area uh or a facility or a town uh higher. How much uh how much dirt how much mass do you need to do that effectively? Yeah, you wouldn't believe it, but dirt is actually way more expensive than what we're using.

We're using wood. So wood chips are free delivered in whatever category you want. Um you can get this anywhere in the world. It's abundant. It's usually free delivered because it's such a large waste product. And so we're taking this wood chip slurry, pumping it directly underground.

It compacts in about 2 hours to pretty much the full consolidation. And then you would just 3 ft higher or whatever you wanted to be at the end of the day. It's hard to wrap my head around how much wood chips you need to raise a city in height.

Uh, but our shipping container is sized to process 20 semi-truck loads of wood a day. So, we're basically moving 20 semi truckloads of wood chips through our system. We have a bunch of robots that run around the site that deliver that final fluid underground and then that processing unit that we call our arc.

So the Prometheus system, that's the the robot, we call it that because it's bringing something fundamentally new to the world, is delivering that final injection pressure.

And you're basically just moving as much material as possible underground because really what you need is volume, not, you know, mass or something like like you would expect. Uh these wood chips, what what is the primary source? This is a waste product.

when people are getting trees removed from properties, manufacturing processes, where where does it actually come from? Lots of sources. You know, if we were going to do the Santafell project, for example, uh there's a place called Marin Sanitary right across the street from the place that floods the most.

They ship eight semi-truck loads a day of wood chips to be burnt in biomass energy plants, which are subsidized by the state because they're non-economic. and they would way prefer to instead of, you know, polluting the air up in Stockton to just pump that right underground. So, you can get it locally.

You can also get it from sawmills, you can get it from um fire trimmings all over the state. Obviously, we have huge fire issues here in California and so they're doing