EZA's Role in Blockchain Education
Tell me about EZA and how you got started.
Well, first of all, thank you very much for having us on,
Remy.
It's pleasure to be here in the Stock Exchange, and when we first got started, I
wouldn't have imagined that we'd be here.
When we first got into the space, that was 2013, through Bitcoin mining.
Mm-hmm.
And it was very much
the street against crypto, and the crypto sort of likewise.
Um, we started EZA a couple of years ago now,
because we believe that blockchain
is one of the single most important technologies in the history of humanity.
Perhaps even the most important. And so we know that we need to get more
and more people into this space. So what we have is two things.
Mm-hmm.
Number one, the EZA app, where we have over a million users who
learn about the world's leading blockchains, like the XRP Ledger,
with our amazing
partners like Ripple.
Mm-hmm.
And also other blockchains like Stellar, with our awesome partners at the Stellar
Development Foundation. They learn about it, and we
are basically onboarding layer
onto the world's leading decentralized networks, and dis- distributed
networks. And the second thing that we do is, because our mission
is to bring a
billion people into Web3, and into crypto and blockchain, we
recently started the EZA Labs, which is building out some of
those core products and primitives, which are going to enable people
to actually come into this space like nothing we've ever seen before.
Mm-hmm. And Phil, you've brought up a lot of key points
there.
First and foremost, both of you are early adopters, 2013,
getting into Bitcoin mining. And looking at how far we have come
in terms of the crypto marketplace, and I understand that hackathons are
part of your DNA as well. So tell us about the inspiration for
EZA.
Definitely. So Phil and I have been in blockchain for many,
many years now.
Mm-hmm.
And before founding EZA, uh, Phil was actually a lawyer, um, and
I myself work in finance, so at Blackstone, Goldman, um,
and a couple of other
places. And we really saw, through our work at those amazing
firms, and also through our sort of daily lives-
Mm-hmm
... that people really need to get educated on
crypto.
People need to get educated on blockchain.
This is gonna be one of the most transformative technologies of the decade.
And if we don't educate people, they're gonna get left behind.
Wow.
So for us, we wanted to share what we had learned
with the public, which is why we
built the EZA app, which is super easy.
Mm-hmm.
100% free for anyone to actually download and use.
Um, and then obviously host the amazing
hackathons that we host-
Mm-hmm
... uh, which really attract a lot of people to
the space, and actually give them a
platform to launch their ideas. And to this date, over $4 billion
worth of projects have come out of our hackathons.
Mm-hmm.
Which is super cool.
Yeah.
Uh, and we invest in those, we nurture those, we mentor those.
We work very closely with our partners to actually make sure they become
game-changing companies in the blockchain space.
Mm-hmm. So the EZA app and the EZA Labs,
I want to know first and foremost, uh, have any unicorns come out of
EZA Labs?
Yeah. So we've, um, we've actually had, uh, a big one come out
recently called Cognition AI.
Mm-hmm.
Um, they are one of the biggest AI companies
out there right now.
They recently acquired a couple of other AI companies too.
They were founded by people who learned about, you know, Web3 AI through
EZA, and then actually went on to go and, uh, you know, raise
hundreds of millions of dollars from the world's best VCs.
Peter Thiel's founder fund, uh, and many others.
Mm-hmm.
Um, so now they're changing the game for both
AI, but also developers who are
building in the blockchain space. So super cool things, uh,
that they're doing.
Mm-hmm. And Dom and Phil, you're siblings.
That makes you very unique as a organization.
But also at the same time, when we think about how we use technology,
we're
constantly on our smartphones or our devices,
and we're not necessarily in front of
our laptops all the time. So tell me what's going on with the
app, and your vision for growth.
Great question. You're right. Pretty much, about...
I think last I checked, about 70 to 80% of all internet traffic
goes through a
mobile phone. That's why we designed EZA to be
mobile-first.
But I think in terms of where the future is headed, what we wanna do is we wanna
make it a lot easier for anybody to use Web3.
So if you talk about crypto, pretty much the only surface area or touch
points that normal people have is essentially buying the stuff.
Mm-hmm.
Right? And speculating on the price.
That's obviously a huge part of it, but what we want to do
is we wanna make sure
that normal people can also access it.
And so that's why we've always gone mobile first.
And in terms of what we're doing with the EZA Labs as well, can't share too much
exactly right now, but we have the EZA whitepaper,
which we're working on with some
of the world's top leading researchers and academics on.
Uh, and that's gonna make it a lot easier for
anybody to start using crypto, and
start using the blockchain, as opposed to just speculating on it.
So think about anybody using their smartphone to,
uh, actually access this whole ecosystem o-
of things, and that's really the
beginning of what's gonna take this industry from essentially
a niche of people who are sort of experimenting or using it, but
very, very technical, to just the everyday person.
Anybody can use it as simply as they can, you know, go to Starbucks and buy a
coffee or use Uber.
And both of you are here at the New York Stock Exchange, the
center of traditional finance, or TradFi as we like to
call it. So we have come a long way, and the,
uh, IPO of Circle really brought stablecoin to
the
forefront when it comes to American retail investors.
And I understand that you're looking at XRP here,
so tell us
why, and the use case.
Definitely. Um, so we work very closely together with
Ripple.
Um, we work very closely to actually bring our
massive community of over
one million developers onto the XRP Ledger.
Um, and so we've been working with them- Uh, really to actually foster the
next generation of companies to launch, um, both in the financial services
sector, um, and all the way, you know, from, like, the biggest institutions, but
actually down to, you know, startups as well, uh,
through the hackathons that many
people have seen we've hosted, um, on social media, et cetera.
Um, so for us, you know, we're really bullish on Ripple, uh, on,
um, XRP in particular, uh, because of the inroads they've already
made into the TradFi sector. Um, they've been, you know, really,
really sort of diligent about getting tons of different licenses all across the
world to actually make sure that they are positioned to own the space, uh,
when the institutions actually come into, uh, blockchain, into
crypto, which they're already starting to do with
stable coins.
Um, that's obviously a huge use case, uh, and Ripple has their own RLUSD stable
coin, which is awesome, and we've already started educating our
community on them.
Um, and ultimately for us, uh, we're just super bullish on, uh, the
mission, uh, what they're doing, uh, already, uh, in terms of, you know,
bringing all these big institutions.
Hidden Road acquisition, for example, is a great example of how they're going to
actually be utilizing the XRP ledger in the real world, um, settling
trades, et cetera, uh, much faster, cheaper than otherwise would be possible.
And then obviously also international money payments.
Um, all of those different aspects really make
it, uh, one of the
formative, uh, companies of the next decade,
in our opinion.
Um, and I know a lot of people have been
asking for my, uh, price targets on
XRP, and I think it's the first time I'll say
it, uh, but I think
XRP is heading to $1,000 by 2030. So for me,
uh, it's, you know, a, a super, uh, important project,
and actually probably one of
the most important projects out there at the moment.
And finally, we have less than 60 seconds here,
but here we are
about to head into the second half of 2025, so what are you paying attention
to in blockchain as well as crypto?
I think I'll kick it off. Um, I'll take the first 30 seconds.
Number one, I think if we're talking about XRP,
if we're talking about XLM as well,
Stellar, Ripple, what they're doing in the space, um,
really neither of them
have yet had a DeFi summer or DeFi revolution.
We've seen it with Ethereum, which took its market cap into the
hundreds of
billions. We're looking at Stellar, we're looking at XRP,
uh, as well, which really have market caps o-
of around, you know, 150
billion, uh, still sitting under 200 billion,
and they haven't had that DeFi moment
yet. So as we come into the second half of this
year with what we're doing as
well with the EZA Labs, we're looking at priming this whole
ecosystem to be set
up for this DeFi summer, uh, or DeFi year.
Dom. Yeah, definitely. I mean, you know, I think you look at Ethereum, a lot of
stuff has happened in that, um, ecosystem already.
Um, and now I think we're gonna, you know, start to really see it, and also we're
working, you know, very hard at EZA to bring all of
that onto things like the
XRP Ledger, you know, Stellar, and other world-leading, uh, blockchains.
Okay, Dom, Phil, thank you so much for joining me.
Great to have you on.
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