#66: Rohan Sinha on Polygon, Eco-Friendly NFTs & Bubblehouse

Rohan Sinha is the CEO and Co-Founder of Bubblehouse, the first social, accessible, and eco-friendly NFT marketplace.

In this conversation, we discuss:
- Polygon vs Ethereum NFTs
- Story behind "Bubblehouse"
- Bubblehouse NFT social marketplace
- Market challenges
- Eco-friendly NFTs
- The future of NFTs

Bubblehouse
Website: bubblehouse.com
Twitter:  @bubblehouse_app
Instagram: @bubblehouse

Rohan Sinha
LinkedIn: Rohan Sinha

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Transcript

Matt Zahab: 0:14

Ladies and gentlemen, it's your host Matt they have and we have another incredible guest joining us today. Our guest is ro Han synapse CEO and co founder of bubble house, the first social assessable and eco friendly NFT marketplace. Mobile house is a platform where creators and collectors discover collect and make money selling NF T's without the complex crypto expertise and has raised over 4 million to date. Previously, grow hand served as a freelance creative director and investment banking analyst at Goldman Sachs. rohin also graduated from Princeton University not a big deal with a bachelor's degree in chemical and biological engineering. I'm very pleased to welcome to the crypto news podcast Rowan Rowan Welcome to the show my friend Thanks a lot man. Glad to be here appreciate you jumping on now I got to start with the obvious here whenever I'm doing research for guests I always look at what they've done looking at your past yup Princeton and Goldman Sachs is that not like that? Just the most stereotypical like I'm super smart and I'm going to go that way What was that like?

Rohan Sinha: 1:21

It was I mean, I'd say that was kind of like what everyone wanted to do and I got a bit of FOMO just because everyone was trying to do it that seemed to be you know going to college I didn't really know what I wanted to do but everyone was like Goldman was the move you know i mean that's how you like do well and that's where everyone wants to go so I figured that if I wanted to check it out like a 10 week you know kind of like stint at Goldman for a bit and then see like afterwards what I wanted to do would be the right way to do it. So I went in there within two weeks I was like this is not for me you know and I was actually very open with with my Managing Director He was very supportive too he was like I just told him straight up you know like nah this is this is this isn't it? But I learned a lot I was basically I'm trudging up loans for one for half of it and then I was fishing for big debt refinancing deals for the other half so that's what it was.

Matt Zahab: 2:12

And you'd let me guess your stereotypical 18 hour days kind of thing sleeping in though

Rohan Sinha: 2:16

Yeah, you know, you know get in at 730 leave at 1130 that kind of thing. It's crazy

Matt Zahab: 2:21

it's I guess it really is as bad as everyone says I have a close friend in Toronto super smart kid went to Queen's University went to Goldman in New York you know HQ and was doing literally 20 hour days he's had to go home Take a quick three hour nap throw a new suit on and head right back to the office said that to literally how it's like in the movies.

Rohan Sinha: 2:38

Oh yeah. Oh yeah, for sure.

Matt Zahab: 2:39

That's that's bananas. And here we are over in the crypto verse you and your team have formed an incredible company in bolthouse which we will get to shortly but before we get into that talk to me about your NFT history where you open see first kind of guy and and then you know the bridges to everywhere else just sort of happened or how did you get into it?

Rohan Sinha: 2:57

Yeah, that's a that's a good question. So in college so I was doing a lot of chemical engineering and I needed a you know, a bit of a break from that. So as a side thing, I would um, I would hope this fashion brand organize these photography shoots, so coordinate with these photographers, makeup artist, hairstylist, that kind of thing. Put these shoots together because because this fashion brand wanted an international brand image. And, you know, just talking to photographers, I started hearing a little bit about crypto art and the possibility that could be unleashed within it, which I got really excited about, you know, it was they weren't really calling them NF T's they were kind of like, you know, crypto art, you know, you know, things that you can tokenize as you know, using crypto using crypto technology, it was kind of like not the jargon wasn't really there yet, you know, as formalized as it as it was today but the concept was exciting to me. So you know, after college I decided that I wanted to build a platform I love working with creators that's why I was doing it in college too. And so afterwards you know, I decided that I wanted to build a platform to help unleash that value contained within digital assets and build a platform for creators and you know kind of combine these different passions that just didn't seem to coincide so beautifully together so I started bubble house contest with my with the designer who's now my co founder Robin he's absolutely fantastic he's based in France and started working from there

Matt Zahab: 4:21

bro and I love that story and tell me why the name bubble house Yeah.

Rohan Sinha: 4:25

So bubble because you're creating a bubble of things that you like around you. You know, whether it's the creators the things you collect, you know the things that you're making. And also because we'll talk about this when we talk about the platform but when you buy an NFT you get to access these collector clubs that are exclusive between the creator and their collectors so it's like a bubble as well over there of you know, be able to interact with other collectors getting to know the creator meeting friends and they're Of course, you know, tons of these bubbles you know, being created a you know, one around every creator. Depending on you know whether you buy a 10 You're now part of a different bubbles are revolving clubs but the concept of you know these exclusive communities around collection are you know, we really liked so bubble on that front house because we were inspired by calling on you know, you know these fashion brands say like House of Chanel House of Louis Vuitton. Yeah, so on. And so it's like the house of the content creator and we just really liked the vibe around it. And we felt like we kind of suited this NFT by vibe, it really elevated what it meant to be creating. So we wanted to bring that concept in and combine the two worlds of collecting things and creating a bubble of things that you love and the creation part of it, which is the house part of it and combine the two. So that's about what else

Matt Zahab: 5:37

I love that. Now you and the team at bubble House have tackled a lot of problems of today's you know, we'll call it q4, 2021 NFT marketplace. But I know you've been working on this for a good amount of time now, did you know that these problems are going to come up? Like Did you know that all this stuff was going to happen? Because I'm like, I mean all by you know, it's it's crazy.

Rohan Sinha: 5:59

Yeah, so things evolve over time, man. I mean, that's just the nature of startups, like things move so quickly, especially in the NFT world, like, you know, I mean, we started with the concept of what we wanted to do. And even now we're refining and constantly iterating on how we want to do things, throwing in new ideas. And so, you know, you know, all these ways of, you know, the problems that we're solving the, you know, the platform that we're building, it's like a story, you know, the writer doesn't write the story in one day, the writer writes a story in segments, and then ties it all together. And then scraps, one part puts in another part. And so it evolves over time. And I think that's true. I think, you know, many founders would agree with that. That's kind of how things come to life. And that's been the case very much for us as well.

Matt Zahab: 6:39

right from the get go. I love that. Before we get into the nitty gritty, I must congratulate you on your $4 million pre seed that was led by a couple incredible VCs, namely third kind VC, and SV Angel watertower ventures and so much capital just to name a few. I know there were a bunch of other prominent angels as well. So congrats on that, what's the plan with the four? schmell? Where's that going? And how are you going to make it happen?

Rohan Sinha: 7:03

Yeah, well, a good amount of goes into product of course, you know, building a great team, that's step one of doing anything, having a powerhouse team, and we do have one as well, which is wonderful. And otherwise, it's it's just, you know, marketing, building that wonderful supply of artists, partnerships that we want leading, you know, starting the marketplace out so that we have wonderful NF T's that people get really excited about that people want to collect otherwise, you know, otherwise day one, you know, you put on a marketplace, there's no supply, there's no demand, that's an issue. So that's the classic chicken and egg, you know, with the marketplace. So very much we start with supply. That's kind of been been our concept in the beginning. And, and we bring on the demand, you know, just because the supply is going to be so amazing. And so primarily those two, and actually we are, there's some Yeah, there's some other funding needs that may come out soon. But um, we'll see that for another time.

Matt Zahab: 7:53

I love that no one ever gives me good stuff. It always seems like the PR team is like you can only tell so much on the pod. But we'll have you on screen and we can get into that as well. I'm really, really curious. Now, when you when you Google or when you do research on bubble house, you always see the word environmentally friendly show. So curious. I told you I was gonna drill you on this and I have to, can you explain why polygon is more efficient than aetherium?

Rohan Sinha: 8:19

Absolutely. So Ethereum is what's known as a proof of work blockchain. So that's just the way that the block chains are mined, the way that they're structured, right? A blockchain at the end of the day, is sort of like a digital notebook, an algorithmic digital notebook where you can write these entries, which are the blocks, and then you can add entries, which is mining the blocks and so on. And of course, cryptocurrencies power, being able to do anything, you know, on the blockchain. So, you know, it's just the way that the way, the way that aetherium is structured, you know, it's a proof of work algorithm. So is Bitcoin and it sucks up a lot of energy, in the weight strength and the way it's mined. Likewise, you know, on bubble house, on bubble house, on the other hand, you know, we're building out some polygon polygons, a very different kind of chain, it's proof of steak. The way it's, it's, you know, the way it's algorithmically structured is much more energy efficient. And just to compare some numbers here, you know, with aetherium out of people, you know, know how crazy it is. But if theorems energy intake per year is the same as the country of Colombia, prettier. So that's, that's around 6 million homes worth of energy polygon, although, on the other hand, is 84,000 roughly 84,000 times more energy efficient. So you know, if if, if aetherium is sucking up, you know, around 6 million homes worth of energy per year, bobbleheads. polygon, I mean, is is sucking up roughly 70 homes worth of energy. So it's like a small community as opposed to a country so the difference is dramatic. And that's the reason why many artists have been so hesitant to get into NF T's right now. Part of it is the the minting costs and the crypto complexity associated with you know, having to create a crypto wallet by aetherium connect you know, put aetherium in the wallet, connect your wallet to open sea and then having to do all that. So that's painful, but but a big part of it is that environmental impact rate And and that's the first thing that we talked about you know, that's the first thing we have to tell our artists that were that they should be assured about because that's you know, that's that's very, very important to us too.

Matt Zahab: 10:09

That's great insight. I didn't know that artists were going to make total sense but me not being an artist. I was just never cognizant that artists were very aware of the the energy use of eath and how bad it is. So does that come up often in conversation?

Rohan Sinha: 10:24

Oh, all the time. All the time. It's crazy. Um, so we did a tech talk recently about you know about, about the eco friendly impact. And literally every single comment you name it, the top 20 comments. 18 of them were about the environmental impact of watching. Oh, how are you guys doing it? Are you guys offsetting you? What do you mean crypt? I thought crypto and I thought crypto and an eco friendly were you know, you couldn't mix those two. You know, can you explain more about what blockchain you're using? What do you mean it's eco friendly. I mean, it's just comment after comment. People are curious or insightful. It's not that they dislike NF T's, you know, they're very cognizant of the entire space. And you know, what's good about it, what's bad about it, and no one really shuns it entirely, but they fully can weigh the factors of whether it's worth, you know, whether they want to do it, you know, given environmental impact, and now that they know that there's an alternative solution, they're very excited about it, too. So it comes from a very positive space,

Matt Zahab: 11:18

I love that you're out listening and iterating to that is always a prerequisite for being a unicorn in a massive company, which there's no doubt that you guys will, will become that one day, to competitors, you have if you have polygon, and you have cylinder right now as sort of the big three platforms that creators and marketplaces are using to build NF T's eath is probably 100 or 1,000x. Ahead of the other two, I just mentioned, how many months or years away are we from seeing a competitor to the open sea conglomerate, and just the Ethereum NFT ecosystem as a whole.

Rohan Sinha: 11:55

So with with effects of open sea, I think very soon. I think that, you know, I mean, open, so if we, let's take a look at open seas numbers for a second. So open tea is roughly 200, being the biggest platform has roughly 220,000 active wallets, you know, in August of 2021. So given the grand scheme of things, it's an extremely small number. And by the way, around 80% of open CS transactions, you know, have been, you know, related to crypto punks of some sort, or the kind of high the big collections, you know, we're talking the board, as we're talking about at the crypto pond, you know, that kind of the big people, so, they're very, they're very reliant on the big content creators, and the rest of open see if you've been on it is, is, you know, a very different type of content, let's say, you know, it's, and, you know, perhaps, you know, quite subpar, you know, if we, if we were to, you know, compare, say, the average quality of what we see on behance, or even an Instagram compared to, you know, sometimes a little bit of what we see on open sea, right, just to put it a little bit bluntly. And so what that means is, it's the open sea caters to a very small crypto community right now. And that's because there isn't a platform to unlock the NFT experience for the for the rest of the mainstream world of creators, it simply hasn't hit the mainstream yet. And so once that platform comes in exists, getting to 220,000 active wallets is not difficult at all, we we already have, you know, 60,000 artists on there the day we want, you know, who love you know, being on our platform, the day that by the way, every time you wonder the day that we launched our private beta on bubble house, for that marketplace, which is coming very soon. Three weeks, roughly, every single one of them is going to get a wallet. So that's going to be 60,000 wallets off the bat, it shows you how quickly you can move in the mainstream world compared to you know, the really locked up crypto world. So, you know, once it hits the mainstream, old things just move so fast, and they go so big, so quick. And that's what we're really excited about. So I think open sea is, you know, to some extent, really in a in a vulnerable spot in that sense. I think they're great at what they do in terms of creator and or the crypto community and selling collections and, and kind of taking care of that aspect of it. But you know, when it comes to the mainstream world, it's a very different ballgame.

Matt Zahab: 14:04

That was a great to be I've learned a ton there. Thank you for that. Talk me about the 60,000 wallets that your team is deploying. I know one of the key sort of problems slash issues that you and the team are tackling are or is rather just the shit show that is onboarding non traditional crypto people right? You got to go on you got to onboard your feet to crypto set up a metamask setup open, see, connect everything, learn about it, join the discord, do your research. And it's almost impossible to actually connect with the creator itself and you are changing all those problems all before we get into that. Tell me how easy is it from a technical perspective to literally just drop 60,000 wallets, your whole community?

Rohan Sinha: 14:44

It's not too hard. I mean, yeah, our engineers are fantastic. I mean, our back end is a legend or blockchains. A legend or front end. iOS and Android are legends too. So it's not difficult. I mean, basically, it's just API endpoints at the end of the day. So our blockchain guy basically you know, has has the wallet creation API. That he just hooks up to the back end whenever an account is created so it's not too difficult you call it every single time and we're just gonna batch do those so it's not too hard on your on your yeah on your adding 60k is not that big in the grand scheme of things you know i mean

Matt Zahab: 15:14

but but when you when you when you quantify that or measure that through that 250,000 active wallets on open see it's like you're taking a quarter of their business like that's not a game but that is worth a quarter of their business that's a pretty impressive metric

Rohan Sinha: 15:28

exactly and what I mean you know small in the grand scheme I mean relative to the mainstream market where we're talking you know, we there's no reason why hundreds of millions of users should not all have wallets and you cannot expect 100 million users to have to create a metamask wallet you know by downloading a Chrome extension and buying aetherium and dropping it into that metamask wallet and then connecting and bubble house you're here you're here to collect you see all these famous you know you're gonna it's a space where we'll talk about this but you're gonna be able to see in a real time feed what your favorite athletes celebrities what your friends what you know influencers are collecting in a real time basis that's an issue right now right if if Tom Brady collects something I have no idea about it today right how do I know about it I want to know about it you know you're gonna have a real time interactive feed Tom Brady collected this thing today you can interact with it see who else collected what he collected you know maybe you want to collect that to maybe one of your friends collected the thing now you want to browse your friends collection it becomes this entirely new social experience around you know collectibles that doesn't exist right now but has to exist and in a very easy to use way and then people are going back to the wall point people are not going to have to you know download a Chrome extension and do that on madness they're just going to sign into you know, create an account in bubble house and that's your wallet they're going to be able to use on bubble house and throughout the web 3.0 world as well we want to become a wallet company as well you know it's you know, we find we're not only you know a social marketplace we want to be the default wallet you use everywhere the web three point a world that you can connect to whatever platform you shouldn't it's like sign in with Apple or sign on with Facebook or sign in with Gmail, it's a similar idea, right? It's that but use your mobile house wallet anywhere in the decentralized universe so

Matt Zahab: 16:56

so on the inside just and again, I know the beta is coming out soon we'll get into that. But from sort of a one line cliche kind of thing, like you see companies and startups popping up all the time and they go were the Facebook of this or the Uber of this or like the only fans of this. What is your one line cliche be like we're the Facebook or Insta of the NFT world? Like what would that sound?

Rohan Sinha: 17:17

That's that gets pretty close, I would say yeah,

Matt Zahab: 17:19

okay.

Rohan Sinha: 17:20

And because there's an entire social experience, the beautiful thing about NF T's is they're not meant they're they're social inherently they're such a big part of NF T's is flexing such a big part of NF T's is seeing what other people are collecting and throttle crazy you know that's and there's and the crazy thing about it is that there's no social experience in the NFT world or out in the you know, right now you know, it's it's it's very it's very locked away it's very impersonal if we look you know, open see is kind of an you know, an a sauce, if you will, or an Amazon of NF T's but that's Amazon and Instagram are two completely different things. Right? And so yeah, absolutely. This is a social experience. This is a very different type of platform.

Matt Zahab: 17:57

Truly the first of its kind. I do love the point about seeing what your idols collects right now if I want to go see you know, Tom Brady, I know OBJ Odell Beckham Jr. has a crypto punk but like if I didn't see his profile picture on Twitter, I would have to find his ether address then I'd have to either go to the blockchain and find it or type it in on open sea and go from there it is a bit of a shit show so kudos to that that's something that I'm definitely interested in. I want to talk with the creator side many of my friends have asked me Maddie, how do I meant an NF t now I get a couple different avenues but it's definitely not a Hey, insert JP one click your dancing romance? And was that such a big need? Did you get those same questions too? And how did you build that application to like how crazy is that from the backend on the front end? It's like wow, why isn't this everywhere? Because all you hear about is NF T's minting them everyone wants to there's tons of artists they don't know where to start. You're giving them the easy way How did this all come to fruition?

Rohan Sinha: 18:52

Yeah, it's really not too hard. Yeah, because the big thing is that we give everyone a wallet they get access to their private keys they can manage it how they want but at the same time we can help them you know if they give us the permission to so it's you know, it's a wonderful thing where you know there's there's a balance in the spectrum in terms of how much you know what what To what extent does the user want to control things you know, so they want to unite I think the average consumer the average creator if we're talking like about a 19 year old illustrator she wants to be able to go on a platform you know make a collectible out of something and then sell it to her fans it's as simple as that like it's she doesn't want it you know, know about crypto wallets and cryptocurrencies in any that the value in her experience with NF T's is creating that collectible limited edition collectible for her fans to collect and then the social experience that comes with it the flexing that comes with it all the other things so that's that's kind of you know, where we're that's our starting point and everything else we take care of from there you know, as a business. So um, so it's really not too hard. I mean, it's really and like you said, right and making NF T is as simple as you upload exactly which asset you want to do. You can pan and zoom around it and to get the exact crop that you want. You put in your title you put in your price you put in your number of additions You can put in a couple tags if you want to help discovery and boom we instantly made that we put him in everything for you on the polygon blockchain you go and if you collect it you'll see exactly within within each edition what the what you know what the blockchain address is on polygon you go on polygon scan you can look at exactly you know you know who you know you can look up the Act and the asset exactly on polygon you can see that it's part of your wallet already if it sells to someone it's immediately transferred as well and we have a master wallet in the backend of polygon just powering all these transactions for for for the creators and the collectors

Matt Zahab: 20:33

well I'm just thinking of about like just one of the 100 value props that you guys could add it's like join bubble house save 1000s a year in gas fees.

Rohan Sinha: 20:42

Zach was like exactly right I was completely we don't we didn't charge any gas it's it we take care of all the gas for them. Wow, what

Matt Zahab: 20:49

a treat I'm I should send you my aetherium gas receipts from last month I could not nightmare fuel don't even want to go down that avenue. You guys announced your NFT social marketplace last week huge announcement and blew up that was along with the $4 million raise. Tell me a little bit about that social marketplace.

Rohan Sinha: 21:07

Yeah, definitely. Um, so where do we start? So the first thing we've already covered right you get this interactive feed of everyone you follow, you know athletes, influential celebrities, what they're collecting on a real time basis that's extremely important. You can collect what they collect seawalls collecting what they're collecting, and so on it becomes a social experience browser collection. And you know, see if your friends collected from Tom Brady to and you know, that's really important part of it. The second part of it is that when you buy from a creator on bubble house, you get premium access to their direct messages, so the creator knows exactly who their collectors are within the direct message section they can get placed into a VIP tab along with the kind of a collector's icon that we've created you'll see it it's absolutely beautiful soon and so the collectors can get to know the creator the creator get to know the collectors build this community of collectors around them and sell them more in the future. In addition to that, the collector gets exclusive access to what we call a collector's club between the creator and all the other collectors who have bought from that creator so it's a place where collectors Can you know meet meet other collector friends you know get to know the creator the creator can ask for feedback. And we see the beginnings of this behavior already right like we're talking about I think, you know in the discord for crypto owners you right in the discord for board apes, you have to be an owner in order to participate in these private discord and you get the sadness associated with them. And so we're taking that concept and we're now we're democratizing it to every single creator so you automatically get your club no matter you know, whether you have one one collector five collectors to 5000 or 50,000 or 500,000 collectors. And you know, we create this beautiful community for you. And and we're democratizing it so yep,

Matt Zahab: 22:45

that's that's crazy. Folks, I want to take a quick break and give a huge shout out to our friends at prime x bt who sponsor the crypto news podcast, you know, absolutely love the team at prime x bt they offer the creme de la creme, the robust trading system for both beginners and professional traders that demand highly reliable market data. And performance doesn't matter if you are a rookie or vet, you can easily design and customize layouts and widgets to best fit your trading style. As prime x bt is always offering innovative products and professional trading conditions to all customers. One of the best parts about prime expertise, they're also running an exclusive promotion for listeners of the crypto news podcast after making your first deposit 50% that is five 0% of that first deposit will be credited to your account as a bonus that can be used as additional collateral to open positions. This promotion is available for a month after activation and will be the boost you need to get the hang of trading quickly and efficiently. The promo code is crypto News 50. That is crypto news five, zero all one word to take advantage of this offer. That's crypto News 50. To receive 50% of your first deposit credited to your trading account. Go check out prime spt.com to learn more and take advantage of this offer. And now back to the show with Ron rohin. Tell me about the roadmap, so many amazing things cooking up on the back burner at bubble house. What can users look forward to over the next month or so?

Rohan Sinha: 24:10

Oh, yeah, absolutely. There's so much to look forward to. Alright, well let's start with one feature we're really excited about it's not coming up in the initial version because we don't feel it's the right time. But it's coming up very soon. And so we're calling this one the prerequisite feature and what's it's going to let you do is the creator can specify which NF T's you need to own in order to now purchase this new NFT that they're making. So it um it unlocks a whole host of new features where you can say alright, you need to own this piece of music, this NFT tokenization of of say a backstage pass to a concert and like this other thing and now I'm giving you a pre screening access to you know, as an NF t to like my new gallery exhibition. So it's a way of rewarding and starting to create layers in the, you know, in the collectors ecosystem. So you know right now on Instagram, you're their follower. You're not Right, that's the extent to which you define the right.

Matt Zahab: 25:03

There's no game theory, you're adding the game theory.

Rohan Sinha: 25:05

Yes, exactly. You're adding the game theory aspect and, and now those assets become tradable to that you've now unlocked you know, and they're scarce as well Don't forget, so they only happen once. So people were like, Wait a second, maybe I need to buy more so that I can unlock those in the future that that may be coming in that I can get for higher value and, and sell on the on the secondary market. So it becomes really exciting to see what creators do in you know, to start to layer up their, their, their collector ecosystems, that's one of them. And now another one is we've invented a new kind of NFT that we're excited about, call them an X NF T, we've actually filed the trademark for it, the patent for it as well. And it's really simple concept. The concept is that it's a single use NF t. So NF T's, you know, traditionally are perpetual, they're permanent, right? They stay on your they stare, they stay on your as part of your collection, and so does this one in terms of staying on your collection, but it's single use now you can activate it and the creator accepts it. And if it comes to us, so functions is a new form of of ticketing in a way, but NFT ticketing. And so let's say you know famous DJ Steve Aoki, by the way, as an angel investor in a company, let's say he wants to sell backstage pass for you know, 15 additions, 20 additions to his Coachella concert, you know, it does that as an X NF t. Now, you know, you show up, you know, you you show that you own it, activate it, boom, it's a it's now used and it's you know, it's forever part of your collection. Likewise, you know, yoga instruction, you know, a yoga instructor goes to the Himalayas, you know, wants to do this amazing virtual experience as you know, tokenized as an NF. T, you know, you buy it, you get access to it, you activate it, you get access to that live stream, and you're able to, you know, do that yoga session, as well it could be a chef's limited edition menu, and you know, you there are only 50 editions on this specific day, you know, you can only access it if you own that fit for it, you go you show up at the restaurant on that day, since you actually get your hands on one, and you get access that meal, there's just so many different things and all these different creators that can start to create NFT economies around them that are so exciting that and imagine that combined with the prerequisite feature, right? And how you specify all you know, the chef says you have to log on to three different meals and three different you know, locations, and now I'm giving you access to like maybe the chef shows up in New York and then gives you this personalized experience. So right there all these crazy things that you can start to do when you start to combine these concepts that we're really excited about.

Matt Zahab: 27:20

So you're just creating one big utility factory,

Rohan Sinha: 27:23

right? Absolutely. And that people are gonna just do crazy things that we hope people do these crazy things whether it's so yeah,

Matt Zahab: 27:30

So how would how would someone like me invest in Bala house? Of course I can use the platform let's say I wanted to invest I unfortunately cannot muster together for Milton to slide over to you Is there going to be a bubble coin coming out or something like to power the the economy?

Rohan Sinha: 27:45

Yeah, we were very much thinking about it, we're planning it right now actually. So coins would be wonderful for a platform like this, because you can reward all sorts of things, you know, you can reward people hitting certain milestones. So, you sold 20,000 then and you sold $20,000 worth of NF T's. Now, you know, you get certain amount and a number of coins you know, so you can reward the Creator, you can also reward the collector, you will unlock you know, a layer two in terms of like, you know, you get a prerequisite, you unlock the next layer of NF T's your first layer to that you unlock, you know, you get you get a certain coin allowance associated with that. So we can start to really integrate these, these new economies of incentives on the creator side and the collector side, allow people to pay for NF T's with coins to and of course, have them exchange on the public market. And we can reward things based on usage. So if you're an NFT creator that and you you know, you create you've created your 10th NFT you know, you get you get coins associated with it. And so it's a it's a wonderful reward based mechanism that people can invest in and and, you know, really feel like they're partners in the platform at that point as well.

Matt Zahab: 28:45

I definitely buy some Bob house coins. You can Yeah, take that to the bank all day. I'm curious to understand as a CEO of a very quickly growing company in the NFT space, what ways do you see NF T's evolving over the next couple months or years the space moves incredibly quick, I know and NFT Twitter, and some NFT discord, everyone always jokes, how, you know, one day and NF T's is, is equal to three months in their real world, and we just we move at a lightning speed, any job any hot takes in regards to that, like what do you see happening over the next couple months and years?

Rohan Sinha: 29:18

Yeah. I think that all kinds of creators are going to get involved in it at that I like to think of NF T's you know, I mean, it's very much associated with art, because that's where it started. But at the end of the day, there, there are ways to tokenize any kind of value, you know, and so people are going to be and it's really exciting because you can now productize anything and allow it to be sold in in this in this beautiful form. And so, you know, like we're talking about the chef examples, we're talking about the backstage examples, we're talking about, you know, a bars, limited edition cocktail that tastes 50, you know, 500 additions, you know, you have this have this thing globally, you have to own that cocktail NFT in order to show up at the bar and order it, you know, so it becomes all these experiences. It's not only the artwork that's contained within the NFT itself, but the experiences that are Now tokenized as NF T's that are going to be really exciting and those experiences could be anything, I mean, the sky's the limit when it comes to those and, and it takes a bit of an educational process to teach people, this new behavior of what you can do, you know, in your Creator economy, whether you're, like we said, or a chef to a musician, to a restaurant, a filmmaker, to a yoga instructor, you know, it takes a little bit of education so that people catch on and we're very much, you know, hold that responsibility, you know, to do that education through, you know, through examples that we seed, you know, through through articles that we write through celebrities collecting these new experience, experiences and tokenizes nF T's and making a big statement about that, so that people start to get used to it and it becomes more of a thing. But I think that NF T's are very much not related, not just related to the digital world, and you're gonna see them you know, as just a form of privatization of any kind of value.

Matt Zahab: 30:48

I love that great, great answer there. And just for just for the listeners who are into the traditional NF T's we'll call it the 10,000 avatar pfps on open fee and in similar products of the like, do you have any crypto punks part of your club coolcat what is real and browse spare time

Rohan Sinha: 31:06

so actually I don't own any of them of course I browse them all the time but I like to take a third party's perspective and tighten kind of take a step back and and and I love seeing everything that's going on I'm you know I'm always looking I'm always seeing what people are collecting but I don't you know, I guess it's it might be a personal thing for now I don't I like the third party perspective and you know, and having an unbiased view of what's going on and building from there and listening to people different perspectives and you know, kind of taking it from that vantage point

Matt Zahab: 31:39

but that's a very mature answer I don't know how to put that out I'm trying to put your feet in my shoes and it's like if you ask me about some of the projects I'm in like there's no way I can tell you about that project through an unbiased lens like you know, I'm going to be beyond bullish on them for obvious reasons money aside, just also love the art but to very good point there. I love that ROI and this has been incredible. A couple more questions before we wrap up NF T's moving forward in the future. So Alanna and polygon right now very very curious. I've seen tons of fraud on these olana nF T's Do you think it's all fraud or do you actually think that they have some value to them

Rohan Sinha: 32:17

I think I think salon is a great blockchain too I mean we were actually we're actually between Selena and polygon for for you know as our final two choices at some point we're considering buying that smart chain but PR wise that wasn't a great move for us because it came under so it actually was Yeah, it was between those three around you know a couple months ago and then the news hit and we were just like Alright, this is probably a bad idea. So you know, we chose to finalize the other two and we just really enjoyed working with the polygon team in our blockchain hater, you know, who leads our blockchain division? He loves polygon too. So we decided to go with them. We actually envision we're thinking about the future of NF T's where and if he's don't necessarily have to be tied only to a single blockchain where you can you can you know, from the user perspective, you mentioned NF T and maybe you have it done on three different blockchains and some sort of decentralized synchronization system between them so that there's you know, so that you know, you kind of are talking to a gateway a gatekeeper and then there's a little bit more security not not security of course blockchains are super secure but you have it not tied to a single blockchain so we're actually thinking about you know, things on that front right now and patents associated with it in terms of like these different kind of synchronizers if you will, but but you know, we love polygon right now and that's what we're going with

Matt Zahab: 33:42

polygons away gotta love it any questions for me?

Rohan Sinha: 33:45

Yeah, I'd love to know what got you into this man. I mean, I love your perspectives I the questions you're asking you you ask are so insightful despite the fact that you know I think about bubble house all day and you're already hitting the questions that I think about all the time and I'm sure that you do that with all your everything that's going on in the Western world so like what like how'd you how'd you get to where you know where you are? And what inspired all this?

Matt Zahab: 34:07

Well, firstly, I appreciate the kind words I guess to answer your question I was I've been very fortunate to have some incredible guests on the on the show and I've also made some massive mistakes. I had Maddie dcl blogger he was the second ever guest I had as my second episode back when I was an absolute rookie back in I want to say it was like March 25 or something. He told me that off the record about crypto punks about Bernie club about all these incredible projects and I just dismissed that of course I'd you know, it'd be worth a couple million right now if I would have listened to him. But it just was it's more so just being able to speak with some incredible people who've all said check out NF Ts and then I just got hooked. I used to play rune scape when I was a kid I played Pokemon. I was you know, of course a big athlete and also saw how hard people are working to putting all those things together, the culture aspect. It's just incredible. And then I also told the story a couple of times in the pod spent one weekend probably spent 218 hour days literally full weekend just on open sea and on NF T's and on blogs and mediums and discord you name it and I just went head over heels right into the space girlfriend almost done me because Glen bad rough weekend where I'm just sitting in front of a computer not showering being an absolute de Gen and I sort of fell in love with it I saw the art I saw that people were making money quickly changing people's lives and like you said the whole culture everything else tied in all together and I always try to be a sponge I was trying to be as empathetic as possible put my feet in other people's shoes and then moving forward over to bubble house that's like that's one thing that I often envision what would a seamless easy to use and all in one app and if ecosystem look like and then this opportunity to speak with you comes up and I'm like holy shit this is like I got I've been wondering these things for a while now I don't know the skill set you do. And I wouldn't even know where to start to build bubble house but i i see platform like this and it's like okay, I'm not gonna have to use open see anymore not gonna have to use discord anymore. Don't get me wrong, like discord but all the things that I use all clicking all over the place. It's all in one app. So that's why Yeah, that's that's just why I'm had so much fun talking to you today. And that's why I'm so bullish on your platform, because you're you're solving a massive problem. there that was that was a little long.

Rohan Sinha: 36:22

No, that's amazing, man.

Matt Zahab: 36:23

That's a that's an easy degree there. Yeah,

Rohan Sinha: 36:26

but I appreciate it. Yeah.

Matt Zahab: 36:29

I mean, this is this has been incredible before we let you go. A couple more questions. Question number one, where can users sign up for the beta and question number two where can all of our listeners find you in bolthouse on social media and on the web?

Rohan Sinha: 36:42

Yeah, definitely. So to sign up for the beta just go on Bumble house comm you'll see a type form that you can request access for the beta for for me on social media you can find me on LinkedIn Of course I'm going to be so generally I communicate through the bubble house actual account you know, whether it's on on Instagram or on Twitter, but you know, I'm thinking of being more active personally on Twitter too. I think that's you know, a big thing that people do I've just been you know, you know, doing it through the company account for now but yeah, more more more to come very soon You know, like I said, private beta is coming out in around three and a half weeks we're actually making it a speakeasy type of vibe so you're gonna have to do a certain gesture on the bubble house app currently in order to access the beta so you know people who are invited will know what that is and we'll just read it their friends and it's going to be a new way of doing a beta that we're really excited about Yeah,

Matt Zahab: 37:39

love to hear that I'm I'm a big again a little hypocritical considering I don't tweet a whole lot myself only really broadcasting and in publicizing the podcast but building in public huge like I've so many companies I've found because they have that amazing co founder or CEO or C suite hack just any employee in general you know what I mean? Like a great analogy I love is the Massey who has 120 million Insta followers Where is Barcelona FC only has 10 mil same as LeBron as like 100 mil followers Lakers only have 10 like people care about people more than they care about companies you know it's just easy way growing public building public be transparent. You have a shit ton to offer and that's it but you know that I'm I'm sure you're just head down grinding and you don't have time to be Twitter fingers.

Rohan Sinha: 38:24

We are grinding no i think i think i you know i take that to heart so it's it's very likely that I'll be done that very soon.

Matt Zahab: 38:29

Yeah. Great. Well, road Road to 10k followers for Rowan on Twitter. Really appreciate you coming on man. And best of luck to you and the company. Not that you'll need it. But we'll have you on in in the near future for round two. And until next time. Thanks again. Appreciate you coming up.

Rohan Sinha: 38:43

Perfect. Thanks so much, Matt. Appreciate it

Matt Zahab: 38:44

too. Thanks, man. Folks, this was the crypto news podcast your host Matt they have an incredible conversation with ro Hanson from bubble house. Love the company incredible team very, very bright future ahead fresh off a $4 million raise Watch out for them and do go download bubble house when you get a chance. As always really appreciate you listening. We're always going to be dropping on Mondays and Thursday mornings. We love you all we appreciate you all stay safe out there. Hope you're having a blast. Good start to fall. keep on growing those bags and we'll talk soon. Bye for now.