#CryptoCorner Season 2 | Solana Foundation On Agentic Commerce & On-Chain Growth Solana Foundation's Vibhu Norby To @cnbctv18news - Massive uplift in agentic commerce with the rollout of pay.sh for AI agent stablecoin payments - Real-world asset

CNBC TV 18 presents Crypto Corner powered by Binance. You're watching Crypto Corner and joining us on the show today, Solana Foundations Chief Product Officer, Vibhu Norby. Thank you so much for joining in. And data shows that Solana settled roughly 650 billion in stable coin volumes earlier this year, capturing a massive chunk of AI agent payment activity. I want to understand on how much of this transaction is driven by actual retail commerce. Well, we've seen a huge uplift on what we call agentic commerce. These are people interacting with their, you know, their clot or their open AI bots and asking them to do things. Recently we rolled out a product called Paid out SH, which is a way for people to pay for anything with their AI agents. So imagine booking a flight or or reserving a table or restaurants. These are all now possible with stable coins on Solana. The real world asset footprint on Solana has surged anywhere between 800 million to 3 billion. That is the latest number that I have, which has the classes, would you say between treasuries, private credit or commodities that are driving this? Yeah, actually now more than 4 billion as of yesterday. We've seen huge, huge growth. We've been consistently in the top, you know, blockchains on that side. We're we're kind of seeing everything. I think what's happening in organization is pretty interesting. You're seeing treasuries and private credit funds from some of the biggest institutions in the world all the way down to exotic longtail assets. We recently had a startup on Solana deploying tokenized dinosaur fossils. We've seen a huge. Boom and Pok��mon cards on chain. So there's a lot happening. It's not just those kind of traditional financial vessels, but we're also seeing many new things on chain. Well, Pok��mon card is something that we could look at as well. But you have frequently stated that Solana aims to be the home of Internet capital markets. Where are we on that? Internet Capital Marcus is an incredible vision for the future of of finance. It means anyone anywhere from their phone can invest in something that inspires them from, you know, a public equity to even a startup or a coffee shop that they visit. We've seen many, many people building and launching new things within that paradigm. There's been a whole class of, for example, AI startups that are tokenizing and allowing people to participate in the upside of what they're building. Internet capital markets is very much alive. I think it's the natural end state of where everything is headed. Absolutely. Tokenizing dinosaur few fossils to Pok��mon cards. It's something very amazing. We will. How is Solana Foundation helping early stage? We have 3 protocols scaled globally. So Solana Foundation is a, we're an ecosystem steward for the Solana blockchain. We're sort of like capital allocators or investors in our ecosystem and we spend the majority of our time working with smaller companies and startups. We have communities all over the world. We have an organization called Super Team, which has chapters in 29 countries including India, Australia and UAE and and so on. And here we have. Uh, thousands of startup founders who are building together, they're getting capital through grants and, and venture. We've, I think we've seen over $8 billion of venture capital raised within our Salana startups and we help with distribution, We help them find people to buy their assets. We help get the word out. That's something the foundation really does well. Has one of the largest Web 3 developer pools in the world. What specific localised grant programs or regulatory sandboxes are you deploying? Deploying to capture the Indian tech talent. Yeah, that's a great question. So India is a huge part of our talent base. We have many, many founders located all over India. In fact, Super Team which was was founded in India as a way for, you know, folks that maybe have struggle, you know, struggle to access global markets, giving them the keys to success there. So yeah, we've been, you know, I think our our India community must be over 1000 entrepreneurs strong today. Um. And, uh, there were, we're providing funding. It's the most important thing. And you know, these days with AI, you know, you can build anything, anyone can kind of build anything and, and get it out there. So it's not just about funding, it's also about finding a global audience. And Solana really accelerates the trajectory of these companies by putting them all over the world. We distribute them into applications where people can find their, their products. Um, we feature them all over our social media accounts, which have millions of followers and we help them source content creators to kind of spread the message. So we, we really do take it seriously to take your startup wherever it is in the world and put it on the global stage. I have one final question. We were and then how can Solanas Tokenization Rails bridge the gap for Indian entrepreneurs seeking offshore private credit without breaking local compliance rules? Well, that's the beautiful thing about crypto networks. There are global they are what we call permissionless and they as long as you can get money into crypto in the form of a stable coin, you have access to global capital markets now by default and umm and those markets are really liquid today. You can access bar land markets, you can access those private credit via vessels or treasuries. You can access fixed yield now there's. I I think the story of crypto is really about making finance truly global and borderless and, and Solana is really number one there. OK, baby, you know, thank you so much for joining us on the show and Manisha, thank you so much for taking us through the conversation on cryptocurrency side as well. Thanks so much for that. On that note, let's take a quick check in terms of what the market has done as of now, the Nifty is back to the green again, slight bit of positive bias, 24, 100 above that mark is now what the Nifty is trading at. Is this going to continue through the day in terms of a recovery? That's something we have to watch out for. But as of now, at least it's come back to the green side. IT continues to see further more of an up move as well, 3%. Take more now for the Nifty IT. So let's watch out for that one. And IT names continue to see a strong up move in the trading session. Just a couple of names that I would like to highlight. In the last hour or so, we've seen nutrients software that's seen a sharp spike up as well from the days low or you know, we've seen a good move coming and 3% uptick there for Nugent software as well. So watch out for that one as well as TBO tech. But on that note, we're going to step into a very short break. We'll come back after the break and more in terms of markets, stay tuned. CNBC TV 18 presents Crypto Corner powered by Binance.