Cardano’s Big Singapore Push: Why Summit + TOKEN2049 Could Shape the Next Cycle

This interview, I’ll be talking with Laura from the Cardano Foundation, the Director of Marketing there, and also Nate, the VP of Global Marketing at Emurgo, and we’re going to talk about the Cardano Foundation and Token2049, those two big proposals that will put Cardano essentially on the center stage here in Asia and Singapore. So it’s something I’m really passionate about, and I think we really should fund. And me, as a D-Rep, I’m going to vote yes on these ones. I’m going to tell you why, and I think a lot of people need to really look into this and get an understanding why. So last year, we had the Cardano Critical Integrations Package. We had the PIF, we had June Analytics, we had Layer Zero, and we had USDCX all integrated in. And we have that momentum, and we have the next V2 of that on-chain at the moment. That’s going to be voted on. I’m going to vote yes for that one as well, to take the chain further. And really, the bear market is hard. The price of ADA is very low, and it’s hard to fathom that we’re spending so much ADA to get these things done. But we’re building these core infrastructure that we need for institutional adoption. That’s the main narrative that we have at the moment. The retail is primarily gone. We’re not going to see the NFT craze come again. We’re not going to see meme coins come again. They’ve come and gone. That’s basically it. The real players now are looking at stable coins, real yield from stable coins, the tokenization of stocks. So this is all institutional players, and they go to these type of events, and it takes years for these deals to come into play. So we’ve got all this really deep integrations and everything that we need for real world assets, stock trading on the Cadana blockchain, all those things. We have that coming in, and it’s going to take a year to fully get all these integrations in, maybe even quicker. So I really hope they’re coming quicker. But to get the deals, the partnerships, the enterprise level clients that we do need to come onto chain, it’s getting in front of users right now, getting in front of the right people right now at these type of events. So I, for whatever reason, people are saying, maybe we shouldn’t fund these events this year. I really do deeply believe that we should be capitalizing on this momentum that we have, where we’re seeing Bitcoin DeFi, we’re seeing all these really cool things come into the chain, and we should really be capitalizing on that, getting in front of people at these big major events. We’ve got 20,000, 30,000 people coming to Token 2049 this year in Singapore, and it was stupid for us not to be there front and center stage. That’s my two cents. If you are delegated to a D-Rep, and you haven’t reached out to them to find out how they’re going to vote, please do so now. There’s only a few more days before the voting for this ends, and if they’re voting not in the direction that you believe that it should be voted for, please reach out to them. Find out what they’re voting for, and re-delegate your ADA to someone that is voting the way that you feel is correct, okay? I’ll be voting yes for these two proposals. I’d love to see Cardano front and center at these particular events, and capitalize on the momentum that we have with all the development. Let’s get into this interview with Laura and Nate. They share a whole wealth of knowledge around the planning, around the metrics, KPIs, and we answer a lot of the community questions. I gathered as much as possible, collated them into this interview so that you have concrete answers from them. Okay, let’s get into it. All right, everyone, we’ve got a really exciting interview here. We’re going to talk through the Cardano Summit proposal, and also Token 2049 as well. We’ve got a lot to go through here, and I have two very special guests joining me on this episode to go through everything in the proposal. We have Laura Matticucci , the Director of Marketing and Communications at the Cardano Foundation, and also Nathaniel Acton, the VP of Global Marketing at Emogo. We’re going to go through all of these community questions and comments in regards to the proposals that have been up for a while, so we can get a really concrete answer and alignment with what’s going on here for this. So Laura, Nathaniel, thank you for joining me on the podcast. Thanks for having us. Thank you so much for giving us the opportunity. Thanks. Now, I think everyone’s seen the various proposals that have been placed online for the two major events or kind of one big major event, but for a lot of people such as myself, I’ve never been to a Cardano Summit or a Token 2049 or an event of that type of scale. What are these events like? What type of people go to these events? What would people expect to see if they went to a Cardano Summit or Token 2049? I really hope you can join us this time, Peter. I hope so too. It’s a lot closer than the other ones. Yes, yes, yes. Correct. The summit has been evolving in the years and used to be longer than it used to be shorter. So how it looks like today and what we are planning here is a similar thing as the Berlin Summit. So this time it’s a two day with one day specific to the ecosystem where people are going to meet and discuss governance in the morning and the various committees are joining forces together. Normally they meet online, so it’s a good thing for them to have a space where to go. Then we have the Battle of the Builders where the project are competing and pitching. We also have a hackathon which goes on through the day and starts actually online already before. And we have a lot of workshops and things going on the first day. And we close with a nice reception where everyone comes together. Then the second day is opening up the doors to actually the global stage. So that’s the day where people are joining from the outside. We’re having regulatory panels, we’re going to have enterprise institutional builder stage, which is dedicated to tech talks with demos from the projects. We also have an expo area with the booths where actually the all activities are coming together. So we have multiple stages, multiple masterclasses and roundtables. And it’s really a, as you know it from other big events, just dedicated to Carano. So we want there to really transmit to the outside world how you can use Carano, which are the technical development, what has been done through the year. And it happens once a year. Last year we had multiple events going on. We had six in total. We had a flagship summit in Berlin and also multiple events going on around the globe. So we had in Las Vegas, we had something attached to Rare Evo, Nate did something in Asia, in Bangalore for developers. Then we had Vada in Africa and Ada Solar in Rio and LATAM. So many things, nice two days. And what is Token 2049 like? I’ve seen numbers like 20, 30,000 people passing through Singapore or Dubai, wherever it’s being held. And I’d really like to know what that type of event is like. Yeah, I think Token has quickly become one of the most important events in the crypto calendar and I’d say the fintech and crypto calendar with that kind of F1 week. This year, it’s a bit more important because Token Dubai was cancelled. So there’s even more of a kind of concentration of people coming in from investors, appraise, builders, all arriving. And you’re quite right, it’s over 30,000 people arriving and part of that reason is why the summit is going to be there for two days and then the token activation will be for the other two. There’s over 900 side events. We will have a card on a builder stage, the second largest booth in the area where 30 builders will receive tickets, the opportunity to present at the booth within that kind of platinum sponsorship placement and a bunch of other different kind of branding opportunities. So yeah, I think the country is quite important, the city for a Web3 hub, but equally that week is where decision makers come and a lot of people fly into Singapore. I mean, one of the kind of stats I can say is out of the core integration proposal, some of those conversations began in Token 249. So there are decisions being made, there are gatherings of very important sea level decision makers and it’s good for us, it’s very critical for the chain to have its exposure there. Yeah, I can see having a lot of the Cardano community around at that same time would be very beneficial, coming in early to do all the governance side of things, the hackathons and exposing people that are coming to 2049 to what Cardano is doing as well and then integrating that in with the booth and everything else. So I see a huge amount of benefit there and I don’t think a lot of the Cardano community are against having Cardano there and having the big event. I think the main thing around it is all to do with the funding. And we know that you guys have a really good track record. We’ve seen various, multiple years of the Cardano Summit being run and how successful they are. We’ve seen you guys at Paris Blockchain Week, seen Emergo there and we’ve seen them at Money 2020 in Thailand. Organizing events and being present, I think that isn’t an issue. It all comes down to the funding. And the big question is, why should the Treasury actually be funding this instead of the Cardano Foundation and Emergo? I know there’s a lot of talk online about this, but for some people, this is probably the first time they’re hearing that the Foundation and Emergo aren’t paying for it out of their own pockets, but are asking Treasury funding. So what is the reason here? What’s the idea behind this? Sure. So it’s been asked a few times and like you mentioned, there’s people who have come in new and it’s something that we should definitely briefly cover. So we start at the beginning. So after Voltaire, Cardano became decentralized and the Treasury was moved into the hands of the community. Actually, this was my first job at Emergo, working alongside the Voltaire and IO teams. This fundamentally changed the roles of the founding entities, how Cardano was funded, the development comes with clear milestones, grails, accountability. There is a misconception that Emergo is sitting on billions of ADA from services rendered during the ICO. It’s not accurate. With that said, a unified event proposal last year had one of the highest yes vote counts out of all the proposals. Event marketing is critical for Cardano and we understand that and we understand that this question comes up quite often. So what I’d like to announce today is that we plan to forego the 15% management fee that was included in the proposal and refund that back to the Treasury. This means that we are running token 249 and any future unified event proposals that we submit at the cheapest possible cost to the Treasury. So I’ll leave that one with you. So look, Peter, this is the same thing for CF. So we have 110 people that are working for the foundation in various streams, right? So the foundation has an activity report, including also the financial insights report on all the assets and the money spent and the allocation on the projects and how much. And it’s all tracked. It’s all public and it’s released once a year. So you can find them all also for the past on the website of the Cardano Foundation. So we are pretty much transparent on how we use the funds, how we use the money and also now on chain through the integration with Reeves. So you can also see everything on chain. So I understand the ideal thinking of CF did it for the past years in the history. The history is this. So I’m with the ecosystem just two years before the summits were run by IOG. This was before 2022. They were run by IOG. Then 2022, IOG asked CF to run the summits because, of course, it’s a lot of work. They were focusing on something else. So we took it on. And the team prepared beautiful summits everywhere, really nice for starting conversations, continuing conversations and making deals. The thing is this, they were co-sponsored, right? It was not just CF paying for the whole thing. They were co-sponsored from all the entities. Now, with Volterra, this has come to an end because there is a treasury there for driving ecosystem-wide efforts, I would say, not single activities. That’s why that was the solution that was found. So last year was the same. So it’s not new this year. Last year was the same. So we had a treasury going on for the summit. It was a 1.4 billion for the Berlin one and 400,000 USD for each of the regional events going on. So that was the same mechanism last year. So it’s not new as much as possible while trying to reassess the strategy because it’s been changing last year a lot, right? So we went out with the critical integration budget, Cardano strategy, Cardano Vision 2030 from the product committees. Many things have changed from the 2025 status quo, which we had, right? Switched then the strategy also of the summit to attach it more to financial centers, to hubs like Token and Singapore. I mean, Dripal is doing New York, then Solana is doing London. Last year, they were at Abu Dhabi. So everyone is rotating around those kind of events. So we are aligning. Same thing like the others. And making it happen in Singapore requires a bit more. So the budget request this time is 1.95 for the summit. And CF is covering itself 380,000 in terms of people and teams working for the summit. And we’re not paying anything from that treasury towards travels and lodging and whatever for us. This is not included. So we are kind of working for free, but we’re using the treasury money for making it happen. That’s the structure of the summit. Just to make it clear, nothing goes in our pocket. We always add more to the treasury. Understood. OK, thank you for painting that picture and explaining how it’s worked in the past and how it’s

that’s working this year. And I’m kind of glad that, Mergo, that extra 15% is being discounted there to make the event just that little bit cheaper and I think a little bit more palatable for a lot of the voters out there. So that’s a bit of fresh news. I hadn’t heard of that one before. So thank you for sharing that. It’s good. Yeah, it’s good to know. Now, for those that don’t know about the transparent reporting that the Kidani Foundation does, I’ll put a link to that down below as well so you can see all the numbers and everything from that. Now, there was a comment in regards to the funding from last year. So last year, you did mention it was going through the Treasury and Governance proposals as well. And from what I’ve been told, the money from the point of allocation to withdrawal, because the market went down, you guys all ended up with a lot less money than you were expecting. And this wasn’t just isolated to the Kidani Foundation and Mergo. Many, many projects had this same problem. Can you explain what happened here with the numbers and the withdrawal of the funds once it was all actioned? Yeah, I can take this one. Yeah, I think this is a really important question because, well, one, thank you to the person who pointed this out because it shows that they’re looking at withdrawal times and the price and that’s great because, you know, one thing I’d say is if DREX should vote for proposers who have a capable Treasury management, because this is a risk. So now I’ll go into the explanation. I think the first thing that we need to know is the value of ADA fluctuated, but we plan everything and budget everything in USD. So our approach fully aligns with the conference rate cards and how much we state the sponsorship value is in consensus or token. So the USD value of the delivery has not been reduced. So in summary, we have not lowered the value of any sponsorship of any kind. We’re supported by great Treasury management teams that ensures their stability. Obviously, I can’t speak for other proposers, but I can confidently assure you that the fiat investment, as originally proposed, was not reduced. But I can see how that conclusion was made. But, yeah, rest assured we’re all good. Yeah. If I may add a couple of things in here. So what is not, it is not sometimes clear is that you don’t get one Treasury withdrawal and you get all the money and then it’s done. It works through milestones. So it’s depending really on the time. So I think the first milestone was over the 0.50 that we put it in the Treasury withdrawal proposal. But the other ones were lower. So and we as a CF, so I was the one waking up at 3 a.m., I remember, and putting the proposal into the Intersec because I didn’t know if it was closing. So it was me. Yes. And I’m the kind of administrator for the other three entities that are working with us. And for the summit, it was more, it was five of them, meaning that we are checking, we have milestones that we agreed with them on how to execute and when to execute some of the events. And then we are paying, of course, to them the amount. It’s everything in ADA, of course, it goes from a wallet to a wallet, depending on the time and depending on the agreed milestones. So we’re checking invoices, we’re checking what they do, and then we disperse the money. So either we do this in stable guys at some point, or it’s always been the same. And I understand the feeling that someone is getting more because you see the 0.8 or you see the 0.7. So it’s more than agreed. I can assure you there was no money making in there. There’s really just us having to add on top of the Treasury because the last withdrawal was 0.20. And I think one is still outstanding for some of the proposers, because some events are still happening and you need to do the count of the leads, the count of the KPIs and all of those. And if you succeed and it’s the milestone is released, so there is a law of a process of checking on deliverables and checking of the execution of the teams. Would be nice, right? You could get one milestone and then it’s covered. Super fantastic. It doesn’t work like this. Question for the ecosystem, maybe it’s a stable conversion of the Treasury at some point useful to limit the problems. But yeah, for these events here, it’s all under control. We delivered almost all of them. The only one which is still pending is the WebEx from a more go in. We have WebEx in July. In July. Yep. It’s hard planning for events over a year timeline, especially with that fluctuating price of ADA. But you really have to plan it a year in advance, otherwise you’re not going to get a good spot. Exactly, exactly. So I’m assuming you planned Token 2049 at the Kadama Summit in Singapore before you even finished Berlin. Last year. Yeah, precisely. I would love to see the stabilization, stablecoin conversion of the Treasury funds at the point of when the Treasury rounds actually start, so that we have a locked in value and we’re not fighting for price of ADA and doing all these weird conversion things within Intersect. That’d be nice, but one thing at a time, right? We’ll tackle one thing at a time. Okay, so since we’re not pulling out ADA at the stablecoin price, and what happens now if ADA drops even further? So we’re at 0.25 ADA at the moment, which is terrible, and I don’t want to see it drop any further. But what happens if it does over the next year, for the rest of the year until the summit starts, and you’ve got to meet all those milestones and KPI, what’s going to happen? There’s going to be more shortfall. Are you guys going to fork out more of your own funds to cover that gap? Yeah. So there is all of a system of risk management when we did the calculation for the summit with the finance team. This is not with me, it’s really with them. I mean, from the time of you submit the proposal to the first Treasury withdrawal is five weeks, six weeks. So we would come up for the year shortage for sure. Okay, cool. That’s really good to hear. Another comment that came out from the community was, how do we measure the value that comes out of these events, the return on investment? I know a lot of people say we can do a proof of onboarding, see how many wallets get created. These events are kind of hard. Like with ADAPT, you can see monthly active users, TVL, measurable on-chain metrics, but an event is kind of, I don’t know, you meet people, you build connections, you make meetings. How do we know that there’s a good return on our investment for these events? We agreed on KPIs before the Treasury withdrawal. So every Treasury withdrawal goes with a set of KPIs that we agreed. And of course, you go with your experience and the years of marketing behind. It’s all about attribution. Attribution is very demanding for events for sure. But there are a lot of things that you can do in terms of, and I can talk you through the KPIs that we had last year. So we are tracking the numbers of participants that we had. It was last year was four, three. Then of course, developer participations because of the hackathons. So we got 2000 people in in the room. So we are tracking all of those. And then of course, out of those 200 people, we received 580 project submissions. So we can also see that that’s all trackable. And then of course, you have all of those participations in terms of government or institutions or enterprises through the badge system. So we can see where they are from and what they do. And then of course, we have all the piece around what’s happening after, right? So how many types of collaboration are coming out of this event? And of course, it’s not converting in three months. It’s a serious enterprise tech here. We are talking about infrastructure. It takes a while. So I cannot give an answer tomorrow on what I did yesterday. You need to look at it on a long scale. So for the last year, I can tell you we had, I went into the system to give you some good numbers and some good things for the summits. The previous summits we had Petrobras, we had Serpro, which is a huge company in Latvia. We had the European Commission coming in. We also have the German parliament from last year, and we’re still talking to them. Draper University is also one of the things that came out of last year, which is a huge plus for the ecosystem. That was big. Yeah, huge. Absolutely. They’re Ryan Fund. Amazing. Then there’s a German bank. I’m not going to say more, but this is coming in in a couple of months. You’ll see the news and also the media side of things. We’re tracking all of those. So we know the share of voice, which goes really high. Then you know how many earned piece of media we had. So we had around 600. We had conversation to the Wall Street Journal, the Financial Times, The Verge and all of those. They come out of this type of engagement and that’s all tracked. TVL? Yeah. No, I can’t. But that shouldn’t be the only focus of the activity that we do. Look, we’re looking into brand and demand, right? And it’s a juggling of both. There’s no demand if you don’t do also the brand, but the brand alone doesn’t bring demand. Yes, yes, yes. You’ve got to talk about the products that you build. Otherwise, no one will come and use them. It’s a big balancing act. So I’d like to know, why is it the right time to invest in the summit and Token2049 now? I know we’ve got factors like the Dubai one was cancelled. So there’s going to be more focus at Token2049. But I’ve seen people say, why don’t we just skip this year? It’s a bad year to spend money. What happens if we just skip it and just continue next year? What happens if we do that? It’s an interesting question. And I think when we talk about reduced budgets, bringing the proposals down, we’ve met the community, not demands, but I’d say appetite in terms of spending less. So we both went away and reviewed the summit. The summit came down, token went from title sponsorship down to platinum to ensure that we were spending at a level that was reflective of the market climate. I would say in terms of skipping things completely, the exposure that we have at these global events, even to be around in bear markets, it’s very much critical for the conversations and deals that we’re making. So last week, we announced that the Cardano card will have a self-custody version in Japan. And that was with a Japanese domestic provider. How is this connected to events? Well, these deals happen at different events and they can happen in a bull cycle or a bear market. And having that kind of momentum of branding exposure, even if it’s not top level, even if it’s a reduced amount, as we’ve kind of proposed, it’s very important because businesses still need to run and deals still need to be made. So hopefully that answers the question. Look, we’ve been doing so much from 2024. I mean, 2024, you barely could see. When I joined, there was a booth from Emurgo, a token, there was something going on on IOG side, there was something which was CF and I didn’t see new in the space. I didn’t even see the Cardano brand out there. So look, we’ve been doing so much to make this happen. If you add on top all those incredible integration that we’re doing now, hopefully this continues. We cannot just let it go, right? It’s been a hell of a lot of work to coordinate all of those events. It’s been 13 events for the booth proposals and the six summits everywhere. They go along with interviews with Fred on stage, Charles on stage, Phil on stage and all of those. So the teams are really spinning, which means also that gives exposure to the projects and the projects are doing nicely now. So we need to give them the stage that they deserve. And the more efficient way, I know it’s a 1.9, but the more efficient way is to go there where the people are. So we don’t need to fly anyone in. They don’t need to have a huge team of sales directors, business people that go and pitch for them. People will come in and they are already there. So I think it’s in terms of money spent, two days, it’s better than flying around the whole year and trying to get deals and trying to get people. Those people are a token. Yep. Everyone’s in one place at the same time. And I really do believe, even in the bear market now, we’re seeing some strong momentum with what’s being built on the Cardano ecosystem. We’ve got the Cardano critical integrations happening. We’ve got the V2 of that happening. We’re at the cusp of having everything that we need and to stop marketing and onboarding and showing what Cardano is capable of now. Personally, I really think it’s the worst time to do it. We really need to ramp things up right now so that we can make the deals now that will be executed in a year’s time. Hopefully, when the market recovers. That’s my point of view anyway. Yeah. They’re not stopping. No one else is stopping. No one else is stopping. Well, why should we stop? Yeah. Anyway. Okay. Enough of my rant there. Some other people have mentioned possibly combining efforts with something like the Midnight Foundation and what they’re doing. So Midnight’s pumping out their events. They were just at Consensus in Miami. Well, I don’t know if they’ve committed to anything at Token2049 as well, but combining some stuff there, doing dual hackathons, doing a hackathon with Midnight integrating to Cardano over the summer as well. That would have been cool to see because there are a lot of parallels happening there. Could there have been any combined events with Midnight or anything there? So we did last year, I think one of the tracks from Nate in the hackathon was Midnight, if I’m not mistaken. Oh, yes. Yeah. So it’s not widely known, of course, but we all work very closely together. The India Blockchain Week hackathon, which brought thousands of developers in, it was Cardano and it had a privacy track, which was Midnight. And so yes, we worked together. Token2049 was also merged together. So yeah, we worked together. Yes. I cannot talk for IOG, of course, but we at CF were in a call a couple of months ago with the Midnight team, the event team, to share where they’re going to be, where we’re going to be, and also talk about the possible hackathon track. So we are talking, but there’s nothing on paper yet. So I don’t know if they have already a summit. I don’t know if they are committing to anything on Token, I guess so. But they know that we’re open and we’re here. It would be silly of them.

not to be there as well, and combining efforts does make sense, but we’ll see what happens. All right, so for the community’s sake, from a year’s time from now, the summit went ahead, Token2049 seemed like a big success. Besides the, what are the main KPIs that we can measure from this? I want people to, from this video, to take away some key ideas of what should have come out of the event. What was the main things that we should be judging the success of these events by? I think it’s really coming down to the KPIs and all of the tracking that we’re doing there. So we’re talking about strategic collaborations and not closed ones, but really, you know, multiple touches until they get signed. It’s the media exposure, it’s the share of voices, the numbers of developers coming and the numbers of community project coming, but also the government and the regulatory talks that we’re going to have. So it’s a multitude of things, and really we are tracking all of those. They are always published together with, and I know it’s a bit scattered where you can find things, but each time we publish a blog on the Carano website, where we wrapped up the whole entire summit from last year, these are, there are links in there where you can see the KPIs achieved, if it will succeed, and thankfully we succeed all of those, but it’s all tracking there. We’re doing the same also for the second proposal, which is the booth proposal, as soon as we are done with everything. So it’s visible, it’s there, people can really go back and track things. And it’s also linked into the new proposals, like the summit one has a link to the KPIs and achievements. But yeah, it’s really the numbers of leads, MQL, and all of those that you can track in the system. Some of them we can track, some of them we cannot track because there’s, you know, the builders doing their own things in terms of conversations. But for some of them, we know how they’re doing and what’s happening behind. Okay. For my own personal metrics, I’d love to see numbers around how many developers were on-boarded from the hackathon, how many stayed on after a year’s time, and then how many deals and partnerships, like major enterprise-level partnerships, came out of the events. So I’d love to grab those. I will grab those numbers actually and put them at the end of the videos from the document there. So that’d be, I think, my personal ones. Okay. So this is my last question here, and this goes around to the reach of some other areas of the world. So we’ve got the Global Summit. I know last year in Berlin, we had a lot of the satellite events, six of them, I believe. Is there going to be anything like that this year, or is it because the costs are so high for Singapore, we just can’t have those at all? Yeah, correct. We try to consolidate everything in one. Also, we did a survey last year asking what’s the preference for next year at the summit, and 67 said they would love to have one, so they don’t have to travel everywhere to meet everyone. Kind of consolidating for this year, I guess. We’ll see for next year, but this year we try to consolidate everything in one. And also, I think the Treasury ask is enough this time. But this doesn’t mean… The summit travels around, right? So each time it’s a different location to give the possibility to a large amount of community projects to really come and see. And Asia was long due. It was really time for Cardano to come to Asia, yes. Okay. Well, fingers crossed I can make it over to Singapore this year. That was the plan. Market conditions are a little not so much favorable at the moment, but fingers crossed I do make it over there. Laura, Nate, thank you so much for joining me on this podcast and talking through everything around the Cardano Summit and Token 2049, the Treasury proposals there. If anyone is a DREP or if you’re delegated to a DREP, please reach out to them and ask what their stance is with these two proposals. If it doesn’t align with what you are expecting, you can re-delegate to another delegate so that you can get what you want voted on-chain. So do reach out to your DREP as soon as possible. I’ll pull up all those notes in regards to the KPIs and all the measurable things from reports last year. I’ll put them in the links in the show notes down below for you guys as well. So if you want to go through them, you can, but I would hate to see these events not supported. So fingers crossed we do get them over the line. But Laura, Nate, thank you so much for joining me on the podcast. Thank you so much. Thanks so much for having us. So hopefully you guys got something out of this. All the links, resources, the last year’s reporting KPIs for the Cardano Summit 2025, all down there in the links below for you guys. So you can look into it and see what the Cardano Summit had actually achieved. I remember covering all those hackathon events as well and seeing the midnight results coming in too. And I completely forgot about that. And we do forget about these things. So much happens in the crypto space over the course of a month that we do forget these little things, such as these awesome success stories that we do have in the ecosystem. So don’t forget what we have achieved, where we have come from. We’ve done a lot over the last year. All right. Hopefully this one does go through. No, it will get through. I will see you guys. If you’re going to Singapore this year, we’re going to have an awesome time at Token 2049 and at the Cardano Summit. So guys, I’ll see you in Singapore. Stay optimistic and I’ll see you in the next video.