Brett Harrison helped scale FTX US before founding Architect and its exchange AX. AX is the first regulated centralised exchange for perpetual futures on traditional assets like gold, currencies, single stocks, and GPU compute, all settled on crypto rails. We talk about why perpetuals never took off in traditional finance, the innovator's dilemma facing CME, and how crypto infrastructure is quietly reshaping the $15T/day futures market.

In this episode, LI.FI Founder and CEO Philipp Zentner joins Saurabh to unpack where crypto is headed as tokenised assets proliferate across chains, standards, compliance rails and execution venues. They talk about why fragmentation is the default, why distribution is the hard part of tokenisation, and how LI.FI is building the orchestration layer that makes “asset A to asset B in one click” possible.

We also go deeper into how LI.FI evolved from aggregation into a broader coordination layer, including its multi-chain transaction rail, a domain-specific execution layer (Composer), and an open solver marketplace for intents. If the next era of crypto looks like more rails, more standards, and more asset representations, the winners may be the systems that can route reliably across all of it.

Timothy Stebbing is CTO of House of Doge and Director at the Dogecoin Foundation. He spent 25 years in open source development before joining Dogecoin in 2021.

In this episode, we discuss:

• Why Timothy tells his friends and family to stay away from crypto

• How 2% inflation was accidentally good design

• Why Bitcoin lost the payments battle

• The growth from five developers to over a hundred

• Managing a community of memers and institutional investors

• What Dogecoin is actually building

AI is shifting from chat interfaces to agents that act, earn, and participate in real economic activity. Mike Hanono, CEO of Talus Network, explains how this agentic economy takes shape and why it needs crypto rails. We explore idol.fun as the first live example of agents competing and generating value.

Eric Saraniecki has spent the past decade building the infrastructure that large financial institutions need to participate in crypto. As the Co-Founder and Head of Product at Digital Asset and a core builder behind Canton Network, Eric has a perspective that few operators in this industry share. He works directly with banks, asset managers, and market operators on the problems that define institutional adoption. This conversation outlines what those institutions actually require and why most blockchain systems were not designed for their needs.

The conversation with Justin Waldron, co-founder of Zynga and now founder of Open Game Protocol, is a masterclass in how distribution models evolve in games and how Web3 could power the next one.

AI agents are cheap to launch and impossible to trust. This episode is for people building and backing growth-stage crypto startups: how do you pick between thousands of on-chain “trading bots,” research assistants, and execution agents when most collapse in live conditions? Andrew Hill, CEO of Recall, lays out how Recall is trying to become crypto’s neutral trust layer for agents with live competitions, skill markets, and a ranking system you can actually underwrite.

Key Moments

00:00:00 - Introduction to Recall

00:01:26 - Introduction to Andrew Hill and Recall

00:01:45 - The Need for a Curation Layer for AI Models

00:03:08 - Recall's Vision and Functioning

00:05:26 - The Role of Competitions in Recall

00:10:45 - The Future of Recall and AI Agents

00:15:26 - Demand for Agentic Systems in Trading

00:17:47 - The Evolution of AI Agents and Their Capabilities

00:20:17 - The Growing Role of AI Agents in Crypto Trading

00:26:51 - The Approach to Evaluating Subjective Skills

00:28:29 - The Behavior of AI Models

00:32:45 - The Role of Curators and Boosters in Recall

00:36:11 - The Future of AI Evaluation and Alignment

00:41:05 - The Role of Recall's Token in the AI Marketplace

00:43:38 - Revenue Lines for Recall

00:45:41 - The Role of Human Judges in Recall

00:48:11 - Challenges for Agent Builders and Future Prospects

00:49:08 - Potential Risks and Fears for Recall

00:49:20 - The Battle of Decentralized vs Centralized Intelligence

00:50:43 - The Future of AI Agents and Complex Tasks

00:51:19 - The Threat of a Single, All-Powerful Agent

00:52:13 - Recall's Achievements and What to Look Forward To

In this episode, Luca Netz shares how he took a failing NFT collection and turned it into one of the fastest-growing Web3 brands. We dive into his three-pillar model of ecosystem, attention, and revenue; and explore how Pudgy has sold over 1.5M toys through Walmart and Target, signed 45+ licensing deals, and built a business where culture and cash flow compound.In the episode, talk about:

• How 80% of Pudgy’s revenue comes from licensing (45+ active deals)

• Why arcade machines, toys, and games beat token drops in driving brand value

• What “tokenized culture” actually means—and how it becomes a moat

• The future of consumer crypto and Luca’s bet on Abstract’s Portal

• Why the next big crypto success might not feel like crypto at all

• How to fix crypto’s broken consumer journey

• How to turn IP into retail + social currency without losing the core community.

Chapters

0:00 – Intro

2:45 – Tokenising Culture, Memes & Influence

10:48 - The role of speculation

15:30 – The Three Pillars of Crypto Value: Ecosystem, Attention & Revenue

21:55 – The Pudgy Playbook: Community, Marketing & $50M Revenue

27:56 – What Luca knew when he bid $2.5 million on Pudgy IP

30:45 – What's Broken in Consumer Crypto

38:20 – Fixing Onboarding: Abstract Portal & The Future of Adoption

49:43 – Building for Gen Z & Gen Alpha

51:10 – Lessons from $PENGU Airdrop

54:09 – Is Token a Product?

If you want to know more about Luca, we recently published a story on him here — https://www.thetokendispatch.com/p/the-luca-netz-story

👥 Guest: Luca Netz – CEO at Pudgy Penguins and Igloo

Twitter: https://x.com/LucaNetz 🎙️

Host: Saurabh Deshpande – DCo Podcast

Twitter: https://x.com/desh_saurabh

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