Institutional Wake Up Call🚨Why Abtstract Shutdown is Actually Bullish🔥

0:00 Abstract has just become the biggest wake-up call for institutions. I want to thank our sponsor today, and that is Tangent, where you guys can get into full self-custody, very easy to do, your secure crypto hardware wallet. And one of the things about Tangent that I think a lot of people misunderstand with self-custody is the ease of use and also the ease of being able to get this set up for you. It's like a credit card, works with your phone, always present. Make sure to get a three-card set so you've got a backup. But you guys, of course, can use our link down below. It's going to give you a 10% discount. And they also have several offers from time to time. So always check what's going on over there on the website. This is the self-custody to you.

0:41 So make sure and check it out. Tell them we sent you. We'll get into it today to break all of this down. As you guys know, the announcement abstract is winding down and it's happening right now. After almost three years, they, of course, thrown in the towel. And there's a lot of reasons why. So one of the things that happens within these walled gardens is when you see different tokens that ride within this platform, within this blockchain, you can see it right here, guys. All of these tokens, abstract tokens, absolutely getting cooked. And this is what's happening right now. If you're holding any tokens within there and you're trying to get out, now you've got to go into one more step and be able to say, hey, listen,

1:23 I'm not going to sue you. It's the last checkmark. I don't agree with any of these kind of things in terms of tactics of doing this, but I understand why it's being done. It's also in a position where this essentially is is starting to roll into other parts of the market. And remember, also, this news came out, Google Cloud shutting down its blockchain node engine. This RPC happens closing actually on December 15th. So what does this mean for a lot of other L1s? Well, you've got Blast also winding down, flipping over to Ethereum. Then, of course, you've got issues happening right here where the SEC is starting, and this is where institutions get in. This essentially is where they're putting these ETFs on ice. And this is

2:04 a big problem because Canary, originally, Canary Capital was originally going to launch the Pengu Fund. Now, of course, that is all changing. And I think this is something that will become a major wake-up call for these institutions. And they're going to start looking at projects much closer when it comes to things like this. And think about this.

2:25 It's not just Canary Capital. I mean, this has been a lot of different institutions. You had Bitwise, head of Europe, them going in on it. You had VanEck. Remember, they were ringing the bell with the Penguin at the New York Stock Exchange. So when you think about the institutions, think of it this way, because they're having to talk to clients about this. This, of course, major news. And the question is going to come is why would we get behind an L2 investment? in the beginning, if this is the kind of potential issues that could happen. And this has been pretty rampant in terms of institutional. So I think the wake-up call is coming. Further into this, you now, if you want to take a look at all the ecosystem that's centering around this, now saying, hey,

3:09 you've got a home over on Robin Hood Chain. You've got, of course, Starknecht saying, hey, builders and players who now need a new home, no problem that you're going through this. We're going to help you. Then you have InkChain going after abstract friends, saying we welcome you guys into InkChain projects and builders, holders, traders. You can kind of get to it. This was a big, big issue that starts to play out into the rest of the market. So what I think is going to happen with Luke Annette's first, I think he is going to kind of ignore a lot of that FUD that's happening right now on crypto Twitter.

3:41 And he's going to go after the chains that are ready for the agent economy. If you just look at the agent economy and what is happening right now on cumulative agent growth, you guys know where this is happening. This is happening on Ethereum. The new Glamsterdam test ad comes out. The upgrade is coming in October. This is one of the factors I think that's going to explode on Ethereum. You also have Solana already playing into this.

4:07 This is, I think, going to be one of the biggest winners. And Solana is starting a, I think, maybe a potential here. I don't know for sure if this would be a good home for Pudgy Penguins, but it might be. I'm not saying that that would be the case. But you have to think about the opportunity here. And imagine when you look at the institutions, what they're looking at now, which is exactly the same thing. And I think this is where we're going to go. Imagine also this.

4:34 When you look at the gaming economy, and this is something that has really, I think, fallen on its face when it comes to the crypto side of things. But now with AI and what we're seeing with agent builds, this is starting to change a lot. And this, of course, was an entire Game Boy example being built from agents inside of Twitter, where you guys can go out there and play right there, just tap and move. This is going to change gaming in general, I think, around how this plays out. And there's two things to consider here.

5:04 You've got one, The agentic economy that's going to help with not only the gaming component, but also with, I think, brand development that, of course, is going to be huge for Pudgy. And I think the other factor is what you're going to see with the ability to scale at low cost. And that's where Avalanche is going to come in.

5:22 And I'll explain that in a second. One other note is this right here. This is a good example of an experiment. Playground is now an experimental gaming platform that lets you create your own games with zero coding. Vibe coding is basically coming to life here. And this is going to, again, get back into the point where we may see a complete renaissance around gaming. And imagine if this starts to move also into the blockchain sphere. And of course, the other platform that could benefit from this is going to be Avalanche. This is a good example of what Avalanche is doing right now. When you look at Avalanche, and just so you know, guys, a subnet on Avalanche is essentially your own L1. And you can

6:01 kind of see this right here where FIFA's in there. You've got Blaze in there, a handful of them. But the point is, is that imagine if you're building a game, you want to be able to kind of control your own infrastructure. You don't want to be able to fall prey to something that's happened over on Solana or even Ethereum because of something blowing up. So you need your own essential network. And this is where I think Avalanche...

6:24 could play into this. So a lot of benefits here. The Treasury CEO now warning that AI agents might strain blockchain capacity. This gets back to the point that we've talked about before. One of the reasons is going to be this right here. This is the AVAX Treasury CEO warning that AI agents may strain the blockchain capacity. And what he said here is he argues that proliferating AI agents will stress the shared blockchains, making Avalanche's subnet architecture a competitive advantage over ETH and Solana. So Right there you go. Avalanche C-chain now supporting ERC 8004. This only gets bigger because the other thing is that if you look at this, on launching a validator on Avalanche, this is super cheap. Every Avalanche validator pays a small monthly

7:11 continuous fee in AVAX. So imagine builders out there, because you think about just where Abstract has come from. There's a lot of devs out there trying to do something, and especially in the gaming side of things. And if you look at how these validators will work, this is every Avalanche validator pays a small monthly continuous fee in Avalanche.

7:29 So it's possible here for startups because when you look at ETH or Solana, it's kind of expensive to launch validator on ETH. You're talking about 32 ETH. Solana, also very expensive. This changes when you go over to AVAX. Look at this right here. As long as the number of validators stays below 10,000, it's going to cost 1.33 AVAX per month. AVAX trading, let's say $ 15 right now.

7:54 That's $ 20 a month basically to run your own validator. That is a value that I think Avalanche is going to get to. Even if Avalanche blows up to $ 100, $ 200, imagine that being the expense that you have for running a validator on it. So huge moves here happening in the market right now. And let's just look here because you have Avalanche jumping to number 20 right here, flipping Uniswap, flipping Canton, and SWEI And of course, we're going to be watching this pretty closely as Avalanche and other chains are probably going to benefit from this. I'll leave you with one last thought here, and that is this. Follow the money. And you look at BlackRock in terms of distributed asset value on RWA, and take a look at

8:39 it right here, guys. They're essentially centering in on three of the most efficient and probably the least expensive chains out there and be able to do transactions. You've got Solana, Ethereum, and Avalanche all positioning. And ETH and Avalanche holding about the same position in terms of market share. So that tells me one thing, and that is that if you're in those three, you're in the right place at the right time. If you like this video, hit like and subscribe, drop a comment down below, and also join our free private member group. The link is in the description.