Se Yong Park: Why The Trillion Dollar Opportunity Is Social (Ground Floor)

Andy (0:00)

What did you say? I think you joined my co-host, Andy, here in our studio in the Empire State. Yeah, we did. If I remember correctly, I wasn't there for that one.

Robbie (0:10)

That was before Robin Hood Chains.

Andy (0:11)

That was before a lot of...

Robbie (0:13)

A lot of stuff has changed, man. What's the last, I mean, it must have been six, eight weeks ago. What's the last couple months been like?

Se Yong Park (0:20)

Man, it's been insane. It's been a tremendous growth period for us. We've had the fortune of just, you know, continuing to grow through many different occurrences, many different chain launches, and are concluded. And it's a blessing. We get to bring crypto and hopefully other assets to the real world and bunch of consumers. And yeah, very fortunate to be in this situation.

Andy (0:37)

So one of the things that we've been talking about is that the market conditions are different. Sure. But also the energy is different. And the way that we put that, people call it animal spirits. They call it a lot of things.

We're saying we're having fun again. This is no longer apathy. We're having fun on chain again. FOMO is a big part of that. What does it mean to bring fun back to the trenches?

Se Yong Park (0:59)

It's an incredible privilege, right? Because as a trader myself, it's something where in the bear markets, there's really nothing to do. And I think our thought was there's always a bull market somewhere. So we get the opportunity to bring that to people. I think markets are picking up now. So it's even more fun and winning is fun, right? I think like when people make money, when they find good positions, when they find good narratives, it's something that's joyful now for them, for everybody else in the platform as well. So I think it's amazing. I hope we can keep that trend going.

Robbie (1:24)

Yeah, man. I mean, look, we have seen now eight-figure unrealized P&Ls from the likes of Dumb Crayon Eater, as well as Quartee, as well as Point Farm Cap. I mean, these guys are out there with massive positions in Ponds, massive positions in other assets, social trading as a concept. The awareness of the concept has drastically increased.

I guess the question here is, what next?

I think we're in the beginning phase of this bull market. So my take is that this just gets even crazier and bigger. I'm sure you're probably somewhat agree, but it feels like the concept has been validated by the market. What's next for FOMO? What's next for you? How do you take this to the next level?

Se Yong Park (2:12)

Yeah. Since day one, our goal has been to try to become the social graphic finance.

That means that we need to be dominant in every asset category, on-chain, majors, perps, prediction markets, stocks, RWA's, yield, anything that really occurs. So for us, it's going to be how do we take the next step? How do we take the jump from whatever assets are available today to slightly more mature assets and to other asset classes broadly? So that's something that's incredibly exciting. I think it's kind of like the trillion dollar question of, do you get to this place where you can actually translate this social graph to others, whether it's different asset classes, different consumers. So really excited about it, honestly. I think in the next six to 12 months, there will be a lot more tokenized equity volume come on chain. I think you'll start to see stock volume start to materially become a bigger percentage of just on-chain market volume. I think that's just a start of hopefully a very long and fruitful transition to what is going to be on-chain for everything.

Robbie (3:04)

Yeah, man. I mean, I see the vision. I mean, it starts with memes, it starts with memes, heads to stocks, and then all of a sudden, you're now live on Archchain, and they are going to have a whole swath of tokenized equities. Obviously, Robinhood Chain does as well, and it's just so funny, like, scrolling down people's FOMO profiles and seeing swaths of meme coins, and you scroll down to, like, the dust, tokenized AMC, tokenized NVIDIA, and you're like, wow, this could really be something a lot bigger than just a trading platform for crypto assets. It may have caught people by surprise to launch on ARK. ARK is known by the Circle Foundation, this institutional-dominated brand. It's very professional.

But with that, as proven by Robinhood, there also comes a lot of opportunity. What's your take on the ARK launch? What is unique for FOMO here? Why launch it?