With the rapid popularity of Web3, a large number of DeFi, NFT, and GameFi applications have entered the Solana blockchain ecosystem, including Serum, Raydium, Maps, Bonfida, etc. The powerful blockchain system makes Solana destined to become an "Ethereum killer", and a large number of encrypted asset innovation projects have been launched on Solana.
In addition to technical and price analysis, the motivation to support Solana also comes from Sam Bankman-Fried (SBF), an important figure behind it. Sam Bankman-Fried (SBF) is recognized as one of the most influential leaders in the global cryptocurrency field, and SBF is also a staunch supporter of Solana. Solana's public chain ecology has quickly caught up with Ethereum and Binance chain ecology, and has become the leading three carriages in the world of encrypted asset public chains.
The Solana ecology is developing rapidly, and the future is limitless. Its words and deeds and even its subtle concerns are extremely important to us investors, because it implies wealth codes. If we can grasp the wealth code, we may avoid many detours in the world of encrypted assets.
As a programmable multi-signature asset management and streaming payment protocol on Solana, Zebec has always attracted the attention of the Solana community, and Zebec has lived up to the expectations of the Solana community, and has responded to the support of community users with excellent market performance time after time .
In the early stage of development, Zebec not only won the attention of users, various development teams, and Web3 project parties, but also won the favor of the capital market. In the first half of 2022, Zebec received US$15 million in financing led by Solana Ventures and Distributed Global. Participating institutions include top institutions such as OKX Blockdream Ventures, Coinbase, and Alameda Research. Zebec’s total financing amount has reached more than 20 million US dollars, which is the highest financing amount among similar streaming payment projects.
At the beginning of August, Zebec reached a cooperation with Visa to join its Fintech Fast Track program. Zebec became the first Solana project to launch its own debit card, which indicates that Zebec has accelerated its efforts to bring innovative payment solutions to tens of millions of users around the world. process.
The development of Zebec is deeply supported by community users. Recently, Zebec Protocol issued Zebec OAT on Galaxy Project was received by 1500+ people within 2 hours of its launch; and in less than a week, this data was 23000. Be one of the hottest projects on Galaxy Project. This also promoted the skyrocketing price of ZBC currency. In just a few weeks, the price of ZBC currency has quadrupled.
From the author's point of view, Zebec Protocol is the current king of traffic in the encrypted world, and it has been reported by major blockchain media, including Odaily and other media, which have carried out official publicity. The recognition of Zebec Protocol is a high degree of consensus on its value.
In the Crypto world, if there is any secret to victory, it is the wealth creation effect. The skyrocketing price of Token or NFT is the best way to attract capital increase.
Whether it was Doge or Shib last year, it has increased by thousands of times. Ordinary people only need to seize such an opportunity to be rich and free. The current currency price is still at a high level, which has discouraged many people. So, what is the next layout opportunity in the encrypted asset market? In the weak market conditions, ZBC may be an excellent opportunity.
The value of ZBC is nothing more than the following points. As an issuer, Zebec Protocol is a flow payment tool incubated by many Solana ecological investments. It is developed based on the Solana chain and completes the vacant market of flow payment in the Solana chain ecology. The future ecological space and development The value is huge; secondly, Zebec is the leader of the Web3 world flow payment, the huge traffic and resource inclination must make the rise of Zebec inevitable; finally, Zebec's multiple empowerment to ZBC, for users who want to join the Zebec ecology, Has a huge appeal.
Another most important feature of ZBC is that it is in the early stage of development and is very cheap. Even if it has doubled several times in the past month, it is still only 0.02U. A small market value means that there is a lot of room for development. Entering the market at this moment is undoubtedly an excellent opportunity.
The eyes of the masses are discerning, and the value behind ZBC is self-evident. Perhaps what everyone is fighting for is not just an encrypted asset, but the key to enter the Web3 world. With the support of Solana and Web3, the future of Zebec is unstoppable. Limited edition, holders can look forward to the future!
Solana's support for Zebec's resources is also obvious. The frequent interaction between the two parties has allowed Solana ecological users to better understand and recognize Zebec, a leading streaming payment project.
Regarding the future development of Zebec Protocol, on August 24, 2022, Zebec Twitterspace invited Lily Liu, Chairman of the Solana Foundation, to discuss the role of payment methods in Web3 and the innovation of streaming payments.
The following is a review of the text content:
Sam: It would be great if you could give us a 30 second introduction about yourself.
Lily Liu: I have been in the cryptocurrency industry for a while. I was in a more traditional industry in California, lived in China for a long time, then I started working at Morgan Stanley, then McKinsey, then KKR. So I used to wear suits to work. I don't do that anymore. I have a new rule: If I can't wear jeans, I don't go to meetings. Then my first startup was building hospitals in China, which had nothing to do with technology or software. Hmm, but it was like a really grueling experience. Still, when I was in China, I heard about Bitcoin, which was seen as less reliable in those days, but I thought it was pretty cool back in 2013. Started working on Bitcoin full-time in 2014 and returned to the US. Met Srinivasan in Boston. We started taking over a company called 21, which, you know, was in a very desperate state. Amid adversity, we turned around and changed our name to earn.com and sold to coinbase in 2018. I'm doing all sorts of things, you know, I'm the chairman of the Solana foundation and I've done a lot of investing and also have a holding company called Anagram and that's how we get to know Sam and build and best Suggest a variety of things to do across the team.
Sam: You are by far the most important person in our AMAs.
Lily Liu: Sam, thank you for the compliment, but I'm sure it's not me.
Sam: I'm not kidding. Your help is very exciting to us, our community didn't even have a twitter account when I first met you. I knew you from such an early age.
Lily Liu: Sam, it's all thanks to you. I just remember meeting you on zoom and appreciate you very much.
Not only at work, but also in private, and then we meet in person and you know we get along because you know all kinds of things. So if we can help Sam achieve something, I'm all for it.
Sam: Thank you so much, and then it's great to have you and Joe as mentor supporters, you know how much Zebcc has come a long way. Our community has some questions to ask.
Lily Liu: OK.
Sam: Thank you so much, it was great to have you and Joe as mentors. Questions don't take up more than 15 minutes of your time, like we do when we meet.
We chatted about boring industries and taxes. Payroll is one of them. One of those boring industries, I know you have some interesting thoughts about it. So as someone who's been in the industry for a long time.
From an institutional standpoint, and even from a personal standpoint, where do you think payment methods will look in Web 3, and indeed the web as a whole? How big can it be?
Lily Liu: Yeah, I think it's because there are so many exciting new things.
Because its market share can be very large, maybe 10 times, maybe 100 times the return of web3 applications, just like the previous explosion of social networking sites, and also like the disruptive innovation of Uber.
Excited, as you know, there will be some more complex business models, and I think that will happen in the future, and it's in the process now.
Some very simple things that people take for granted, like the right way to pay and better ways to pay. Because let’s be honest, payments in the digital world kinda sucks right now. Sometimes this goes unnoticed. It is considered mundane. It's considered boring, but the reason it's considered mundane and boring is because everyone is doing it right. The irony is that it doesn't actually work very well with digital, global and global digitization.
For how outdated the current payment rules we have in place, the number of intermediaries, the cost of sending a transaction, the time it takes to send a transaction through all those intermediaries. Payments in cryptocurrencies are grossly undervalued right now because there are remittance laws, there are regulatory hurdles.
But when you think about having a truly global payments network, it would be perfect if we had some kind of infrastructure that could support very fast, very cheap transactions. Honestly, until recently even cryptocurrencies weren't doing very well, Solana is able to send tokens very quickly and very cheaply. I really like this payment experience.
Another reason I love it.
Payment is not what people think it is, like the transaction where Lily sends money to Sam, in fact, payment is only half of the transaction, because it settles the other party's goods and services, so in fact payment is not about sending money from point A to point B, actually about what is the good and the good of the market for goods and services settled with that payment,
So many times, I think people pay too much attention to the literal meaning of "payment" and regard "money" as the product itself, which is transferred from where they work to his hometown.
It's certainly a big market, and a big market in itself. But what I find even more exciting is that markets for goods and services get better and can be unleashed, supported by new, more convenient, faster, cheaper, better and more value-added payment capabilities. I think stream payments are definitely a key part of that.
Sam: Great, no, that's also, you know, one of our biggest focuses, because if we can solve the core problem, because if we start with payroll, if we can put it on-chain, It can unlock enormous power. Payments like Solana are right, we think in the long run all transactions will be on-chain and that's what people believe in Solana Pay. Inside Solana, we have many different payment methods. As you know, companies solve the payment problem from different angles, you know Zebec is also using debit cards to solve the last mile payment problem. It's not a debit card it's just a matter of last mile money delivery.
What do you think the future will look like? Do you see a future for the products that Web2 companies are launching? What will the next generation of products look like?
Lily Liu: Payment methods based on credit cards and debit cards have been widely used now. It is difficult for you to penetrate a payment method on such a large scale at any time. There will always be users who continue to use credit cards and debit cards. No one is talking about AOL anymore, but there are still a lot of people using it, for example with AOL email or even AOL Instant Messenger.
Even 20+ years ago, credit cards and debit cards were mainstream payment methods, so they are not going away. Not only is it convenient, there is a lot of infrastructure around credit cards and debit cards, so I think the combination of new payment methods and existing infrastructure is very positive.
I think this helps with user acquisition and allows easy access to new infrastructure and new entry points.
Let me give you a reverse example --- Phantom wallet, I just tried it myself recently, if I go to a strange store and try to pay with Phantom wallet, I need to set up my wallet, I need to store my private key , Save my messy public key address, which is unacceptable to many people. Now you say, well, I'm ready to pay. The next thing to solve is to put USDC or other currencies into the wallet. You know, frankly, I'm standing there looking at my phone. I was like, I'd love to swipe now.
So you know, sometimes you need a bridge to the future.
I think Zebec's Visa Program is one of them.
Sam: That's actually what we believe, right? Debit cards are not the end goal. You know, it's a way of bringing people to an end goal. Like the unknown is always scary, right? How we make people feel comfortable.
So I thought I'd have a few final questions for you, because we know you're busy too. So it's like you've spent so much time in Asia, like you've seen a lot, now starting in Asia, and a lot of my users are in Latin America, and like you know Southeast Asia brilliantly. Do you think there might be a similar situation in fintech where people go from having a traditional bank account and working their way in? As you know, crypto-based payment methods such as eBay and other platforms.
Lily Liu: If the value proposition is that users have a reason, a strong reason for users to use this new payment method, then people will do it.
So what are the strong reasons? One is that it has to be, you know, 10 times better than the existing way. So I could see things like encrypted payments and of course even stream payments getting 10x better performance in some applications. For example, people who work short-term jobs. Being able to stream payments to them is really powerful, right, because now usually the payment days are, if you're really lucky, usually 30 days, at most 10 days later, 14 days later.
If you're doing a long-term job, but if you're doing freelancing, if you're even starting to split the work into separate tasks that can take minutes. Or you know, maybe half an hour or something like that. You've got to have a way, you've got to have more flexible ways to pay, and I think when you master the workforce, you have a market, and full-time work W2 (full-time work tax form in the U.S.) dominates the labor market, right now They are paid biweekly.
The monthly salary way of doing things is, well, necessary, but not enough, because again, the payment is only half of the transaction, the other half is the goods in return for the service, right? So in my opinion, I think one of the big innovations in crypto and Web 3 is around expanding the workforce and potential forms of labor market participation. With that, you also have to innovate in as many different ways as you can enumerate.
They pay people for their labor, and I think streaming payments are one of those things, something that wasn't really possible before cryptocurrency.
Sam: That fits perfectly with that. So, like my last question, you know, Solana has been a big supporter of us, right?
For Zebec, we have attracted a large number of users from the Solana ecosystem. Where do you think the Solana Foundation can support us?
Lily Liu: Yeah, I mean, I think the Solana Foundation has done a great job of expanding globally and bringing Solana to many new markets. New markets are not necessarily emerging markets, but new markets, and I think from a Solana perspective, as a generic L1, being able to say, you know, come to a new market and say it's like various things that already exist.
And there's already some cool stuff being done, doing innovative things, and helping newcomers find ways to complement or even build on top of it. so. Here's my take on it. Sam, can I ask you a few questions?
Sam: With pleasure.
Lily Liu: I'm curious how you went from a guy from Nepal to the founder of the largest streaming payment protocol?
Sam: Yes, for me, when I came to the United States, cryptocurrency was still in its infancy, a very small track. I wrote a paper in school where I pointed out that money in the future will be autonomous like a self-driving car and no one understands it. Last year I played a mind game with a group of friends in San Francisco --- when discussing something that hasn't happened yet, when we discussed instant payments, we thought it would be a good idea.
It turns out that this is impossible to do in traditional finance. You can only do this with smart contracts. All of a sudden, these things that I wrote four years ago came back to me, hey, there's going to be one person who can send money to another person in a second, and all of a sudden, we can start creating this, all these payments Networking all happens in streams. A new opportunity in the market. So yeah, it's like a long story short, but I think coming from Nepal gave me that perspective because in Nepal, nothing is possible. Coming here, I thought everything you could imagine was possible. So that kind of really helped me. Like you know, building a product like this.
Lily Liu: Great, so what is it? The next two or three things on Zebec that excite you the most?
Sam: So, the first thing is we're getting a lot of web2 users, which is the most exciting thing for us because it turns out that payroll is just a starting point. Streaming payments can affect a lot of other things, right? That's the first thing. The second thing is now we're seeing more and more people coming up with really good use cases to build the right thing on top of Zebec, like someone trying to build a way for you know.
GLG consultation calls are billed by time. So someone like you who is experienced in encryption, yes, can talk to you for 5 to 10 minutes, right? The only way you can do that is if someone has to know you directly, or has to go through these companies like you know GLG companies, where you have to buy $50,000, $60,000 worth of credits, right? Even if that happened, there would be no efficiency in the market. So some people are building in a similar way, or like you know very, very small aspects like our payment flow being added to other protocols
As you know, this change is as complete a business model as any other protocol. So you know Zebec App Store, and Zebec multisig wallet are used by more people. So everyone knows the web3 and web2 use cases. Like you know it's funny because it lasted a month and a half. We work at least 14 hours a day, and now our weekly product releases can be like a new feature or two
Lily Liu: To be honest, when I first met you, Sam; one of the things I firmly believed that you will do everything in your power to achieve your goals, deliver products, and will focus on execution, so I am very happy to hear to this news.
Sam: Thank you so much. You know, you and Joe's mentorship is huge, because there are things you know you know into things you don't know, you don't know, and there's a lot of things like when I met you, I'm 23, right. So there are a lot of things that 23-year-olds can easily screw up, and having you by your side, you know, the constant encouragement and guidance when I sometimes try to screw things up. So it was the best learning experience of my life
I'm so excited to make this happen, you know, a dream come true, and I'm so happy, you know, to have you as a mentor supporter investor advisor throughout my career, all of that.
Lily Liu: Thank you Sam for your wonderful sharing!