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From YouTube: Episode 278: Victor Zhang, Co-founder of AlchemyNFT
Description
In this episode, Mike Townsend sits down with Victor Zhang, the CEO and founder of AlchemyNFT, an attestation and remixing protocol for NFTs. One of its first iterations is AutographNFT.io, a platform where anyone can request a verified autograph, authenticated via Twitter profile. The technology that makes this happen is TokenScript, which transforms NFTs by adding utility so that anyone can remix, combine or otherwise iterate NFTs. Investors include Mark Cuban, Crypto.com Capital, Framework Ventures and Mechanism.
A
All
right
we
are
live,
I'm
excited
to
dive
in.
We
have
victor
zhang,
the
ceo
and
co-founder
of
alpha
wallet,
which
is
owned
by
songbird,
which
has
an
interesting
backstory
and
you're,
also
working
on
another
project,
called
alchemy
nft
to
sort
of
paint
the
picture
of
the
different
projects
that
you've
run
in
the
past
and
then
what
you're
most
excited
on.
B
First,
thank
you
very
much
mike
for
inviting
me
to
the
show
it's
a
great
honor,
so
alpha
one
is
one
of
our
first
product.
So
when
we
start
a
company,
we
actually
start
building
two
pieces
of
technology.
One
thing
is
this:
alpha
wallet,
the
other
thing
is
a
tokenization
framework
or
you
can
call
it
a
token
interface
that
is
called
the
token
script.
B
Originally
we
named
it
as
a
token
behavior
markup
language,
but
the
after
everything
is
it's
not
a
sexy
name,
so
we
change
it
to
token
script.
So
the
reason
of
building
this
tool
thing
will
have
to
it's
kind
of
like
a
long
story.
We
need
to
explain
our
background
and
also
what
is
our
vision
is
and
then
why
we
build
these
things.
B
B
So
we
meet
in
early
2017
and
he
successfully
sold
his
vision
in
blockchain
2
and
want
to
do
a
startup
in
this
space
to
enable
the
vision.
We
both
believe
that
is
a
tokenization
vision,
so
basically
we
can
use
blockchain
technology
to
tokenize
any
type
of
treatable
rights
and,
after
you
tokenize
those
critical
rights
first
thing
is:
it
goes
into
a
frequent
market
easy
to
easily
understand
it's.
You
can
treat
a
transfer
peer-to-peer
without
the
without
any
intermediaries
to
remove
the
friction,
so
it's
more
easier
to
form
a
frequency
market,
the
other.
B
The
other
thing
is
not
that
easy
to
understand,
but
it's
also
very
important.
So
after
you
tokenize
a
triple
rise,
it
it
serves
it.
It
becomes
like
an
integration
point.
So
each
token
you
can
sync
it
as
an
open
api
and
that
is
controlled
by
user,
not
controlled
by
the
issue
not
controlled
by
the
centralized
platform.
So
this
will
lead
to
a
change.
B
Currently,
all
the
integration
is
happened
on
the
big
centralized
integration
platform
like
a
v
v
chart
in
china
alipay
in
china,
facebook,
google,
those
big
integration
platform,
all
the
services
integrate
to
those
platforms
and
then
provide
it
to
the
to
the
users.
But
we
see
there's
opportunity
with
tokenize
the
treatable
rights.
The
integration
will
happen
on
the
consumer
side.
A
B
B
It's
then
it's
considered
as
a
treatable
rights
and
also
people
may
may
call
it
as
isa
in
the
in
finance
in
finance
terms,
but
but
it's
a
very
broad
coverage,
not
only
finance,
related
treatable
rights
for
finance,
related
treatable
rights,
then
it's
considered,
as
I
said,
there's
also
like
a
non-finance
related
treatable
rights
and
for
non-treatable
rights.
That
is
like
my
identity.
B
My
driver's
license
my
passport.
So
these
things
you
will
never
transfer.
So
my
passport
cannot
become
your
passport.
You,
you
won't
change
ownership
of
it.
Then
it
is
still
a
rights.
You
can
use
across
different
platform,
but
it
is
non-transferable.
If
it's
a
non-transferable,
then
there
are
other
type
of
cryptographic
technologies.
You
can
use
to
tokenize
those
rights,
but
you
don't
need
to
use
blockchain
to
tokenize
those
non-transferable
tradable
rights.
A
B
All
those
different
type
of
treatable
rights-
this
is
a
this-
is
just
an
angle
for
us
to
to
to
abstract
everything
out
to
easily
understand
what
is
the
fundamental
benefit
of
using
blockchain
and
what
is
the
fundamental
utilities
it
can
provide.
What
is
the
key
benefit,
because
if
we're
looking
everything
from
a
treatable
rice
angle,
then
we
are
able
to
explain
everything
in
the
same
language,
so
we
don't
have
to
specifically
looking
at
like
a
defile.
B
B
B
What
is
the
rules
need
to
be
followed
or
if,
if,
if
I,
if
I
transform
this
type
of
critical
rise
to
another
format,
then
what
kind
of
rules
they
need
to
be
followed
like
if
you
lock
your
eth,
to
transform
eth
to
die
to
generate
the
time
those
usd
stablecoin,
then
what
kind
of
rules
you
need
to
follow?
So
those
things
can
be
defined
by
can
be
defined
by
smart
contract,
but.
B
A
And
what
was
the?
What
was
the
pitch
that
got?
You
excited,
so
your
partner
came
to
you
in
2017
and
said:
hey
victor.
The
future
is
going
to
be
one
in
which
all
of
the
physical
transferable
products
that
we
have
around
us
physical
objects
are
going
to
be
represented
on
chain
and
transferred
on
chain.
B
B
So,
as
I
mentioned,
when
one
thing
is
a
form
this
frequently
market,
another
thing
is
provide
a
limited
integration,
so
so
these
are
like
the
features
so
the
benefit
for
having
this
frequently
market.
That
is
a
highly
increase,
the
liquidity
of
these
treatable
rights.
If
it's
transferable,
then
by
removing
the
friction,
then
it's
easier
more
easier
to
transfer
than
before,
and
that
means
on
the
other
angle
to
look
at
it.
You
can
thinking
as
it
increase
the
liquidity
and
liquidity
is
one
of
the
key
thing
for
the
fundamental
value
of
a
tradable
rice.
B
B
For
example,
I
I,
as
the
invite
organizer
I
issue
event
tickets
to
you,
and
then
you
can
use
in
my
tickets
to,
of
course,
in
my
own
system
to
attend
my
events,
but
on
the
same
time,
because
it's
the
the
this
very
affordable
information
it's
opened
up,
it's
become
is
tokenized,
then
that
means
that
all
other
third
party
services
can
easily
verify
this
information
on
a
peer-to-peer
basis.
So
they
don't
need
to
do
integration
with
the
event
organizer
system.
B
So
this
enables
the
possibility
of
all
the
service
market
previously,
for
example.
Previously,
if
you
want
to
provide
service
to
a
vchat
user,
then
you
have
to
sign
like
an
integration
agreement
with
a
with
a
tencent,
and
then
they
give
you
an
integration
permit
a
certain
level.
Then
you
can
provide
certain
services
to
wechat
user
directly.
B
If
you
are
insurance
company
by
by
having
this
integration
permit,
you
will
instantly
become
like
a
100
times
bigger
because
you
are
able
to
access
to
all
the
other
other
users.
So
but
after
you
tokenize
those
rights,
then
the
decision,
whether
whether
a
user
want
to
use
your
service
is
purely
based.
On
the
user
side,
so
there's
no
longer
a
gatekeeper.
B
So
by
by
doing
this,
it's
a
have
a
possibility
to
have
a
limited
service
provider
to
provide
service
to
you.
Based
on
this
tokenized
rights
then
come
back.
That
means
the
for
the
token
issuer,
where
you
tokenize
the
the
rights
you're
totalized
now
have
a
potential
to
be
used
in
a
limited
amount
of
services.
B
A
B
It's
the
same,
so
our
vision
never
changed.
It's
always
the
same
thing,
so
so
to
enable
this,
this
tokenization
ratio,
we
need
to
decide
where
we
can
contribute
to
this
patient,
because
we
see
these
things
will
definitely
help
it's
just
how
it
happened
and
how
we
can
be
involved
and
to
to
to
enable
these
things
we
identify.
B
B
B
It's
not
it's
in
terms
of
how
many
project
is
using
our
code
base
in
terms
of
how
many
fork
numbers
we
are
the
largest
open
source
volume
for
each
ring
open
mobile
volume
for
ethereum,
but
not
not
saying
we
have
the
most
amount
of
consumer,
because
the
alpha
values
have
a
quite
different
growing
parts.
So
we
didn't
really
focus
in
on
the
consumer
side
very
much,
although
we
do
have
the
alphaboli
branded
app
in
both
lois
and
andrew.
A
B
It's
a
it's
it's
it's
like
a
two-way.
We
are
more
focusing
on
the
open
source
wallet
itself.
The
open
source
code
base
itself.
We
treat
it
as
open
source
project
and,
at
the
same
time,
we
still
maintain
this
mobile
application
for
consumer
to
use,
because
just
for
me,
I
don't
see
right
now
is
the
right.
Now,
people
still
users
still
more
treat
they
treat
crypto
valley.
Just
as
I
said,
management
tools,
a
majority
of
the
users
are
still
just
a
crypto
investor
and
speculators,
so
they
don't
really
use
volley
for
other
functions.
C
B
C
B
Key
that
is
stored
on
your
own
device,
for
example,
alpha
wallet
is
the
is
the
first
volley
utilize,
the
secure
enclave,
the
own
device
accuracy
on
your
ios.
That
is
using
this
the
same
thing,
which
is
the
secure
the
ipad,
but
we
did
some
trick
because
the
apple
not
allowed
you
to
to
to
access
the
circular
clip
directly,
and
you
cannot
like
send
a
message
into
secure
enclave
and
then
sign
it
inside,
because
it's
only
only
only
for
apple
whitelisted
services.
B
A
A
C
A
B
A
B
A
That's
not
bad,
so
you
release
it.
There's
three
of
you
I'd.
Imagine
maybe
a
few
more
working
together.
You
now
fast
forward
to
today.
You
have
the
wallet
in
place
and
I'm
sure
there's
been
some
evolution
of
the
wallet,
but
catch
me
up
on
what
what
else
you've
been
building.
I
I
assume
the
wallet
is
not
the
only
feature
or
the
only
product
and.
B
B
A
B
Yes,
so
we
did
the
experiment
during
fifa
world
cup,
so
we
used
eastern
to
tokenize,
50,
real
fifa,
world
cup
tickets,
and
that
year
there
are
28
real
consumers.
They
are.
They
are
not
the
blockchain
investor
without
any
blockchain
knowledge,
so
they
use
those
blockchain
based
fifa,
world
cup
tickets.
I
actually
passed
the
gate
and
watched
the
fifa
world
cup
game,
so
those
tickets
are
not
vulnerable
token,
a
lefty,
but
but
it's
more
much
more
advanced
than
the
current
collectibles.
B
B
B
So
the
wallet
itself
after
you
have
this
fifa
tickets
nft
in
your
wallet,
your
wallet
instantly
becomes
a
ticketing
application
so
based
on
this
integration
point
on
this
token
interface,
you
have
the
event
information
and
the
organizer
is
able
to
send
notification
to
you.
You
have
the
integrated
map
where
the
seat,
where
is
the
event
location,
all
those
things
and
also
it
itself
gave
you
the
interface
to
interact
with
the
gate.
So
that
means
that
you're
after
you
have
this
in
your
wallet,
your
wallet
instantly
becomes
like
a
ticketing
application.
B
A
And
the
benefit
here
is:
is
that
the
ticketing,
because,
when
I
think
of
a
ticketing
process
prior
to
blockchain,
I
get
the
the
ticket
on
my
phone,
I
get
it
on
a
qr
code.
I
go
up
to
the
door,
they
scan
it
and
I
go
in
and
they
might
have
a
little
description
of
the
stadium
on
the
app.
The
advantage
here,
I
would
think
is
that
if
I
wanted
to
transfer
the
tickets
to
somebody
else,
they
it
would
solve
the
double
spend
problem
where
I
couldn't
then
sell
it
again,
which
is
a
problem
in
tickets.
A
B
B
What
you
mentioned
is
that
there's
no
way
to
double
spending
the
tickets,
so
no
matter
where
what
kind
of
channel
I
got
this
tip
is
from.
I
can
always
sure
that
is
the
real
tickets.
Then
this
can
be
trade
across
different
platforms,
different
marketplace.
That
is,
of
course,
that
is
one
key
benefit
and
another
key
benefit.
This
comes
from
the
integration
part.
So
for
fifa
is
fifa
experiment.
It
is
more
like
integrate
their
own
services,
but
we
did
another.
B
It's
not
experiment.
It's
a
live,
live
stream.
We
did
another
thing
integer
space
in
202019,
early
2020,
that
is,
that
is
a
collaboration
with
uvifa's
tk
agent.
So
we
tokenize
the
twenty
thousand
euro,
two
zero,
two
zero,
the
euro
championship
tickets
and
for
dancing
is
it.
It
involves
external
integration
with
booking.com.
B
So
booking.com
is
the
is
the
official
accommodation
provider
for
euro
2020
and
based
on
the
agreement
they
are.
They
are
able
to
secure
a
lot
of
accommodation
resources
in
all
those
european
countries
at
a
very
good
price
and
the
exclusive
rights.
So
that
means
that
no
other
travel
agent
or
no
other
accommodation
provider
can
do
that.
But
at
the
same
time
they
have
a
condition
they
need
to
provide
those
accommodation
to
the
real
tickets
holder.
C
B
B
They
do
is
it's
a
it's
just
like
a
open
one
line
and
the
closer
close
another
eyes
so
just
like
a
whatever
they
just
surpassed
all
the
accommodations
to
the
ticket
sales
agent
and
then
tell
them.
You
cannot
get
this
offer
this
hotel
to
market
tickets
holder
and
then
purely
depends
on
what
those
ticket
agents
doing,
but
so
there's
no
real,
no
real
control
and
no
real
user
experience
for
user.
A
C
C
C
B
Also,
it
can
provide
like
a
what
I
call
the
next
level
user
experience.
So
now
with
with
the
with
the
lefty
tickets
holder,
when
you
go
to
that
special
booking.com
website,
you
don't
need
to
sign
up,
you
don't
need
to
sign
in
you,
don't
need
you
don't
even
need
to
type
anything.
You
don't
need
to
type
it's
like
a
london
hotel.
You
don't
need
to
select
the
date,
nothing
you
do.
You
do
eventually
nothing.
So
you
go
to
the
website.
B
You
allow
the
website
to
read
to
verify
your
tickets
and
that's
it
because
the
ticket
itself
carries
enough
contacts
for
what
you
may
looking
for.
The
tickets
that
have
a
location
have
have
a
date
and
it's
verified.
You
are
the
owner.
So
once
you
allow
the
website
to
read
the
decades,
it
automatically
proposes
you
the
right
travel
antenna.
B
This
is
even
more
advanced
than
that
way.
So
the
token
script
itself
is
a
is
a
signed
file
contains
all
those
information.
It's
like
a
interface
for
for
booking.com
to
understand
what
is
this
talking
about
and
that
file
is
assigned
by
the
tickets
issuer
to
make
sure
that
no
one
can
temper
it
and
it's
a
trustable.
It's
have
the
same
trust
anchor
as
the
actual
blockchain
record.
C
B
So
so
that
means
you
know
when
you
have
this
the
ticket
stroke.
On
the
same
time,
your
your
wallet
will
automatically
kind
of
download
there's
a
file
into
the
wallet
for
you
to
use,
and
when
you
go
to
booking.com
backslide,
what
you,
what
you
do
actually
do
is
the
wallet
generate
attestation
like
a
proof
and
get
that
approved
to
booking.com,
and
then
booking.com
is,
if
only
able
to
read
that
that
verifiable
proof
and
based
on
that
proof
provides
service
to
you
got.
C
B
A
A
C
A
B
All
those
we
have
all
those
tickets
already
on
ethereum
blockchain,
but
after
all
they
they
they
didn't
do
that
and
we
even
have
a
customized
ticket
application
that
is
available.
Version
of
alpha
wallet
live
in
the
in
the
abb,
store
and
the
play
store.
But
after
all
the
whole
project
got
the
go,
got
cancelled,
obviously
and
delaying
and
they
they
are
not
able
to
facilitate
that
amount
of
people.
So
no.
A
I
see
okay,
so
the
company
you
raised
looks
like
about
two
2.3
million.
Did
these
programs
with
the
ticketing
and
then
there
was
obviously
cophid
and
there's
you
know
a
pause
in
in-person
events
at
that
point,
did
you
shift
gears
now?
I
I'm
curious
to
see.
Had
you
been
focusing
on
alpha
wallet
the
whole
time
or
is
this
where
alchemy
nft
comes
into
place
after
the
events
were
paused.
B
B
C
A
A
C
B
B
So
how
many
there
are
fundamental
values
like
increase
the
liquidity
through
frequent,
less
market
and
then
increase
the
utility.
So
that
means,
if
there
is
a
one
more
third
party
services,
want
to
provide
service
to
you
based
on
this
token's
rights,
then
you
can
consider
that
as
an
additional
utility
to
your
original
token-
and
maybe
there's
two-
maybe
there
are
three
there's
unlimited
possibilities.
You
never
know,
for
example,
you
own
a
second
hand:
mobile
phone.
This
is
a
tradable
rice
and
this
rice
may
be
valuable
for
many
other
third
party
service
providers,
for
example.
B
Maybe
an
insurance
company
is
interested.
Maybe
a
accessory
company
is
interested
to
provide
service
to
you,
so
they
can
all
provide
service
to
you
based
on
this
piece
of
verifiable
information
and
then
they
can
all
becomes.
You
can
all
thinking
them
as
the
utility
of
your
token.
So
it's
kind
of
like
I'm
adding
unlimited
utilities
to
a
token,
and
this
will
increase
the
base
value
of
this
tradeable
rise
itself.
So,
no
matter
it's
a
big
thing
or
small
thing
thing
or
very
simple
thing.
As
long
as
you
tokenize
it,
it
will
add
certain
value.
B
A
B
C
A
I
was
going
to
ask
you
as
the
ceo:
how
do
you
there's
it
seems
like
there's
so
many
different
directions?
You
can
go
with
this
technology,
you
can
go
in
cars
or
gift
cards
or
you
know
sporting
events
and
a
lot
of
these
take
a
lot
of
time.
You
know
to
partner
with
the
fifa
or
booking.com,
I'm
sure
requires
calls,
and
you
have
to
explain
things
and
contracts
and
how
do
you?
How
do
you
decide
which
direction
to
to
spend
your
time
and
to
to
go
with
the
project.
B
B
B
They
help
us
using
our
technology
to
build
solution
for
those
companies
and
we
get
a
cut,
but
the
the
thing
we
we
do
it
by
ourself
is
always
for
this
use
case.
Okay,
it
will
use
one
of
the
new
components
we
plan
to
develop
for
our
technology,
but
we
haven't
deployed
yet,
and
then
we
use
the
opportunity
for
for
for
doing
this
business
project
together
to
develop
our
own
technology,
because
the
alpha
wallet
and
the
token
script.
C
B
A
Right,
yeah,
I'm
more
highlighting
the
fact
that
there
are
many
different
projects
to
go
after,
and
you
know
I
imagine
you
sit
down
in
the
morning
and
you
say:
okay
well:
where
can
our
technology
be
used
and
you
think
maybe
cars
or
ticketing
or
gift
cards?
And
then
you
have
to
send
emails
to
marketing
directors
and
teams,
and
you
know
spend
time
going
down
different
directions.
A
The
company
is
funded
through
the
two
and
a
half
million
you
raised
to
investors.
You
mentioned
the
other
lines
of
revenue.
Is
that
are
there
anything
that
is
anything
that
you've
learned
from
running
a
a
crypto
blockchain
company
that
in
terms
of
funding
the
team
like
there's
many
different
ways
to
do
it,
you
could
do
you
could
raise
money
in
the
traditional
way
through
investors
give
away
ownership
in
the
company?
You
could
do
you
know
icos,
you
know
create
a
coin.
You
could
do
freelance
work
where
you're
working
in
exchange
for
money.
A
B
Even
for
now,
we
still
receiving
like
a
five
to
six
incoming
business
inquiries
every
day
on
a
on
a
daily
basis
asking
for
whether
we
can
help
them
to
talk
like
this
to
socialize
that
or
whether
they
can
fork
off
a
wallet
to
do
this.
To
do
that,
whether
we
can
provide
some
attack
support
some
consulting
services,
all
those
things.
B
So
so
we
don't
actually
before
we
we
start
the
argument
project.
We
don't
even
have
people
delegate
people
working
on
marketing
pr
sales
growth.
No,
it's
just
just
myself
with
a
bunch
of
engineer
so
yeah
and
in
terms
of
how
to
how
to
how
to
do
those
fundraising
related
things.
Actually,
I
consider
ourselves
as
a
very
bad
example
what
not
very
bad,
but
maybe
people
have
a
different
choice.
B
C
C
A
Right
right,
and
so
do
you
think
that
everything
that
happened
in
2017
2018
with
the
ico
boom
happened?
Was
that
just
you
don't
think
that'll
happen
again,
because
people
now
realize
that
the
way
that
the
mechanics
are
structured
between
the
investors
and
the
company,
like
you
said
it,
they
don't
have
any
it's
it's
built
on
their
word
as
opposed
to
any
contract
or.
B
Yeah,
so
so
so
after
after
after
that
stage,
then
there's
comes
up
a
lot
of
different
type
of
ico
token.
Some
of
them
use
it
as
a
like
a
transaction
fee.
Some
of
them
use
it
as
a
kind
of
like
you
stake
it
in
my
protocol,
and
then
you
get
certain
privilege.
You
are
able
to
do
something,
and
some
of
them
use
it
as
a
kind
of
like
a
security
that
that
means,
if
they
use
their
own
token,
to
back
up
their
their
protocol
for
something
as
a
lack
of
insurance
like
an
insurance.
C
B
B
But
fundamentally,
the
purpose
is
same
with
share.
You
are
able
to
vote,
you
are
able
to
get
dividend
and
with
those
governance
tokens.
Yes,
you
are
able
to
vote
and
normally
they
reserve
the
dividend
part
they.
They
hide
it,
but
a
lot
of
project
they
have
a
treasury
pool,
so
they
collect
those
protocol
fees
in
a
treasury
pool.
And
then
all
the
people
who
have
voting
rights
can
decide
how
to
use
those
money
they
can
they
can.
B
They
can
distribute
it
to
all
the
token
code
or
they
can
use
it
as
investment
or
for
any
purpose.
So
it's
very
similar
to
share
so
so
when
I
say
it's
a
mistake,
that's
that
is
we
at
beginning.
We
don't
like
it
for
for
the
first
two
or
three
years,
because
we
see
most
of
them
is
don't
have
this
kind
of
functions,
but
right
now,
after
it's
growing
to
the
current
stage,
there
are
a
lot
of
successful
a
real
working
token
project.
C
B
C
B
B
A
B
B
Usdt
previously
is
the
most
adopted
stablecoin.
So
that
means
that
I'm
able
to
use
it
across
all
the
exchanges,
all
the
platforms,
all
the
people
recognize
it,
but
right
now
it's
it's
almost
on
that
side,
it's
almost
the
same
as
the
usdc,
but
previously,
if
I
want
to
do
some
quick
transfer
or
move
money
between
different
platforms,
the
first
choice
is
usdt
and
when
I
say
quick
that
is
important.
So
that
means
I'm
not
going
to
hold
us
dt
in
my
wallet
it
just
serves
as
the
intermediary.
B
C
B
A
A
good
explanation,
yeah
so
tether
being
the
first,
the
initially
the
largest
and
the
fastest
usdc
being
regulated
so
good
for
on-ramp
and
off-ramp,
and
then
die
being
good
for
keeping
it
more
anonymous
and
away
from
regulation
in
in
china.
You
went
to
school
and
lived
in
china
for
a
long
period
of
time.
You're
now
not
in
china.
A
A
Yeah
yeah
there's
definitely
a
different
relationship
in
china
with
the
citizens
and
their
money
and
the
chinese
government
than
there
is
in
other
parts
of
the
world.
I
think
in
the
u.s
people
they
don't
want
the
government
to
there's
not
a
big
concern
of
the
government
taking
their
money
or
directly
shutting
their
accounts
down.
I
think
in
many
ways
people
look
at
the
government
as
a
sense
of
security
with
the
fdic
insurer
insurance
people
look
at
the
value
of
the
government
being.
A
A
They
can
track
your
flow
of
funds
and
that,
presumably,
is
not
good
if
you're
trying
to
remain
anonymous,
but
there
seems
to
be
a
different
philosophy
that
the
chinese
government
has
with
respect
to
the
cryptocurrency,
which
is
kind
of
rejecting
it
and
it's
it
making
creating
their
own.
I
don't.
I
know
that
they've
gone
as
far
as
to
say
that
mining
is
not
allowed.
Has
there
been
any
recent
news
on
china's
policy
towards
crypto.
C
A
B
Way,
you
are
allowed
to
hold
those
currencies
so
and
also
it
is
kind
of
protected
by
law,
because
it's
treated
as
a
virtual
asset.
So
you
definitely
you
at
least
for
now.
You're
holding
it
is
okay,
they
allow
you
to
hold
it,
but
you
are
not
allowed
to
do
like
a
provide
services.
Like
you
provide
otc
service,
you
provide
exchange.
C
B
C
B
B
C
A
B
B
It's
for
storm
bird,
why
we
decide
to
do
it
in
singapore.
One
of
the
key
reason
is
that
we
see
there
are
so
many
news.
They
said
these
companies
is
blockchain.
Companies
is
in
singapore.
That
complex
is
in
singapore.
Then
we
think
it's
a
it's
a
good
place
and
then
after
we
move,
we
we
found
out
most
of
the
people
just
put
there
like
a
sales
pd
peer
marketing
in
singapore
and
the
developer
that
the
brain,
the
the
founder
they
are
not
actually
in
singapore.
B
C
B
Yeah,
that's
why
in
singapore
there's
so
many
very
talented,
like
a
developer
engineer,
all
those
people,
but
they
are
very
afraid
of
working
in
the
startup.
Yes,
those
very
talented
people.
They
really
just
want
to
work
for
google,
like
a
facebook,
got
a
200
000
a
year
like
that
compared
with
working
for
us.
Even
if
we
want
to
pay
the
same
salary,
they
just
have
to
be
profitable.
A
Yeah,
I
can
see
that
culture
being
true
the
emphasis
on
go,
go,
do
go,
be
adventurous,
go
start
a
company,
but
make
sure
it's
not
something.
You
know
we
don't
like,
and
I
could
see
that
being
a
bit
of
a
a
conflict
of
a
message.
Well
victor.
I
want
to
thank
you
for
coming
on
today,
congrats
on
all
the
progress
with
alpha
wallet
and
the
alchemy
nft
and
all
the
projects
that
you're
doing.