Talking Tokens

Jacquelyn Melinek, Token Relations

Talking Tokens is a podcast focused on interviewing the best crypto leaders, startups, market players and up-and-coming founders that are changing the industry. Join Jacquelyn Melinek, an award-nominated host and seasoned crypto journalist-turned-entrepreneur, to dive into the best talks in crypto in an easy-to-understand way. The episodes will air every Tuesday and Thursday on YouTube, Spotify, Apple Podcasts, X and more. For more updates, subscribe to the Talking Tokens newsletter here: https://talkingtokens.beehiiv.com/ Follow us on X: https://twitter.com/_TalkingTokens

  1. 3D AGO

    How ChooseRich Nick Masters Going Viral | Nick O’Neill

    In this episode of Talking Tokens, Jacquelyn Melinek speaks with Nick O’Neill, Co-Founder and CEO of BoDoggos. Nick shares how years of running The Nifty, one of the largest NFT media companies, shaped his understanding of community behavior, storytelling and internet culture  and how that experience ultimately led to BoDoggos. Nick reflects on the psychological cost of operating as a character, how satire bleeds into reality, the tension between being informative and being entertaining, and why mixing humor with truth is harder (and more effective) than playing either side cleanly. Nick also shares stories behind his most famous stunts including staged scandals, yacht controversies, fake breakups, and sketch-comedy girlfriends and why narrative arcs outperform standalone posts. Timestamps(00:00) – Intro (03:25) – Dating life, fake girlfriends and how his online persona affects relationships (06:52) – Virality, trolls and how attention works on X (09:04) – Screen time habits, muting posts and handling backlash (11:27) – Comedy versus news, satire runs and experimenting with formats (13:33) – Filming in public and New York being ideal for chaotic content (15:38) – What makes a crypto capital city (16:13) – Origin of “Choose Rich” persona and the run that blew him up (18:06) – Quote tweet culture, algorithm changes and why narrative arcs matter (21:02) – The Dubai meme, stereotypes and how jokes spread through quote tweets (22:05) – Community notes, gaming, satire, yachts and how stunts go viral (27:45) – When fans think the character is real and dealing with public reactions (33:10) – The emotional and creative load of playing a character long term (36:07) – The famous Avalanche yacht stunt, how it was staged and how the narrative exploded (41:03) – Reputation risks, brand concerns and the line between humor and harm (44:08) – His view on crypto culture, memes, trading identity and what web3 became (46:57) – Technical versus cultural crypto, NFTs, and educational content (49:20) – Why serious content doesn’t perform well and blending humor with truth (51:32) – BuzzFeed era, ads in the feed, and the collapse of journalistic integrity (53:02) – The MicroStrategy subway rant and his opinion on the company (54:46) – Bitcoin, institutional flows and how he thinks about investing (55:32) – What he wants next in life including family, audience growth and coding (56:26) – Final advice on consistency, surviving the content cycle and momentum You can subscribe to the podcast on Spotify, Apple or YouTube.If you like the show, please let us know by leaving a review! Spotify: https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZApple Podcast: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 Follow us on XJacquelyn: https://twitter.com/jacqmelinekTalking Tokens: https://twitter.com/_TalkingTokens Follow us on InstagramTalking Tokens: https://www.instagram.com/_talkingtokens/ Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned.

    58 min
  2. 5D AGO

    Mert Explains How Solana Becomes the Internet Capital Markets Chain

    In this episode of Talking Tokens, Jacquelyn Melinek speaks with Mert Mumtaz, Co-Founder and CEO of Helius. He shares his take on Solana evolving from earlier years with its NFT boom to the memecoin era and where it’s heading, as well as why better infrastructure, indexing and data readability were essential for scaling the network. Mert breaks down how Helius built the tools that make Solana legible, why transparency actually reinforces the need for privacy, and how its new Orb aims to become a first-principles block explorer designed for internet capital markets. They discuss Solana’s performance culture, the challenges of indexing petabytes of historical data, and how developers and traders rely on Helius for both high-frequency data streams and consumer-grade UX. Mert also shares his views on meme coins, Solana Foundation, internet culture, Crypto Twitter authenticity, and why teams must aim for exponential growth rather than incremental success. Timestamps(00:00) – Intro (01:01) – Breakpoint setup and intro to Mert and his Crypto Twitter identity (01:59) – The end game of crypto as global permissionless markets accessible from anywhere (02:33) – Solana as a sci-fi computer and the need for encrypted money alongside open markets (03:28) – What Helius actually is and why making the chain legible was the first step (04:23) – Building VPCs, indexing, data retrieval and the bottom up infra Solana needed (05:11) – The Helius barbell: low latency data for HFT firms and consumer facing block explorers (06:08) – Orb as a first principles block explorer for internet capital markets (06:34) – How transparency tools ironically highlight the need for user level privacy (07:56) – Democratizing chain analysis and revealing what governments and analytics firms already know (08:52) – Historical data breakthrough enabling second level search for all user activity (11:45) – Biggest lessons from building Helius and why startups must aim for exponential growth (15:05) – The Trump meme coin moment and realizing Helius needed to think bigger (16:33) – Bringing market makers onto Solana and building new categories beyond existing apps (17:33) – Shaking off the meme coin chain narrative as stocks, commodities and L1s list on Solana (18:27) – Tokenized stocks, commodities, and why Solana hosts every major asset class (20:36) – His relationship with Solana Foundation and how Solana matured culturally and organizationally (23:04) – Becoming a cultural face of Solana and how authenticity built his X following (27:50) – How he filters tweets post growth and when he chooses not to punch down (30:45) – Rapid fire questions on trends, narratives and what he thinks should be banned (36:26) – Final advice: learn to read, write and think independently without analogies You can subscribe to the podcast on Spotify, Apple or YouTube.If you like the show, please let us know by leaving a review! Spotify: https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZApple Podcast: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 Follow us on XJacquelyn: https://twitter.com/jacqmelinekTalking Tokens: https://twitter.com/_TalkingTokens Follow us on InstagramTalking Tokens: https://www.instagram.com/_talkingtokens/ Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned.

    39 min
  3. 12/25/2025

    Why DeFi Needs Onchain Prime Brokerage | MacBrennan Peet

    In this episode of Talking Tokens, Jacquelyn Melinek speaks with MacBrennan Peet, Founder of Project 0, about why DeFi has reached a point where unified margin, solvency guarantees and onchain prime brokerage are finally possible. MacBrennan explains why risk systems and smart contract securities have matured, how Project 0 unifies margin across multiple venues, and why serious DeFi users inevitably create fragmented risk when they trade across swaps, perps, lending platforms and prediction markets. They also discuss the evolution of Solana market microstructure, the shift toward institutional capital using onchain strategies, and how Project 0’s credit engine works under the hood. MacBrennan shares insights from founding multiple companies, his time at MarginFi, Temporal and MRGN Research, and why transparency, auditability and open liquidity make onchain prime brokerage structurally better than off-chain models. Timestamps (00:00) – Intro (01:07) – MacBrennan’s background in finance, trading, health tech, and DeFi (02:12) – From MarginFi to MRGN to Temporal: why prime brokerage needs persisted (03:37) – Solana’s market structure, HFT insights & liquidation solvency (04:48) – The DeFi turning point: staying power and better risk systems (06:23) – Why DeFi users create fragmented portfolios across venues (07:19) – DeFi’s inflection point: staking, onchain capital & looping (08:14) – Project 0’s two user groups: left curve vs right curve power users (10:03) – Unified margin for retail yield seekers and delta-neutral traders (11:30) – Why Solana is viable for venture-scale financial infrastructure (16:01) – Lending market risks today: isolated pools & vault disclosures (18:24) – Onchain solvency, shared liquidity & why P0 beats offchain brokers (20:11) – Prime brokerage explained & why retail users benefit too (22:18) – Anyone can use Project 0 — even if they don’t realize they need it (23:47) – Unifying credit, lending & liquidity across Drift, Camino, Jupiter (28:33) – How P0 evaluates risk: volatility, depth, liquidity, counterparties (31:42) – What real behavioral change in DeFi would look like (34:42) – Why “Project 0” means priority zero and building from first principles Essentials You can subscribe to the podcast on Spotify, Apple or YouTube.If you like the show, please let us know by leaving a review! Spotify: https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZApple Podcast: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 Follow us on XJacquelyn: https://twitter.com/jacqmelinekTalking Tokens: https://twitter.com/_TalkingTokens Follow us on InstagramTalking Tokens: https://www.instagram.com/_talkingtokens/ Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned.

    36 min
  4. Talking Tokenization: Why Every Internet Company Must Tokenize in 2026 | Yat Siu

    12/23/2025

    Talking Tokenization: Why Every Internet Company Must Tokenize in 2026 | Yat Siu

    In this episode of Talking Tokenization, Jacquelyn Melinek sits down with Yat Siu, Co-Founder and Chairman of Animoca Brands, to discuss why he believes altcoins will outperform bitcoin, how tokenization will reshape global markets, and why Animoca is preparing to go public through a reverse merger. Yat explains why he thinks utility tokens are entering a new era, how regulatory clarity will unlock mass tokenization, and why memecoins emerged from regulatory arbitrage. He also breaks down Animoca’s strategy as one of the largest investors in web3, the logic behind owning liquid tokens, why gaming hasn’t yet translated to token performance, and how investor relations is forming in crypto. The conversation also explores DAOs, consolidation of crypto IPOs, his experience on the ground with institutions in the US, Europe and Asia, and why Gen Z treats trading as entertainment. Yat closes with long-term market outlooks for 2026 and personal advice for surviving the volatility of crypto.This episode is sponsored by Securitize, the proven leader in tokenized funds, equities, and private markets. Discover more at securitize.io. Timestamps(00:00) – Intro (00:53) – Yat on market evolution across 620 portfolio companies (01:40) – Institutional era of crypto and why Animoca is preparing to go public (02:58) – Bitcoin’s macro correlation and institutional support (03:53) – Regulatory clarity in 2026 and the coming tokenization wave (04:33) – Utility tokens absorbing memecoin culture and why the memecoin era is ending (07:19) – Why Animoca now buys undervalued liquid tokens over early-stage deals (08:54) – Real revenue from small gaming projects & token utility reconnecting value (10:22) – How funds now evaluate tokens beyond momentum trading (13:10) – Good products ≠ good tokens: investor relations challenges (16:01) – DAOs aren’t built to run like public companies — consolidation ahead (18:36) – Liquidation risks, Bitcoin DAOs, and tokenized asset buyouts (20:00) – Every major token needing a DAO or ETP for institutional access (24:02) – Animoca’s reverse merger and improving public investor access (27:07) – Altcoins as crypto’s growth engine and unlocking real utility (29:03) – Crypto today = early internet: funds miss upside (31:00) – Ethereum, Solana, and the value they don’t capture (33:47) – Making private web3 exposure available to public investors (37:00) – Regional institutional demand: US vs Europe vs Asia (42:05) – Trump, volatility, and shifting capital pools in tokens and prediction markets (45:14) – Finance as entertainment: Gen Z’s gamified investing mindset (46:42) – 2026 outlook: political stability and institutional flows (51:01) – Yat’s long-game advice: don’t overleverage, know your edge Essentials You can subscribe to the podcast on Spotify, Apple or YouTube.If you like the show, please let us know by leaving a review! Spotify: https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZApple Podcast: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 Follow us on XJacquelyn: https://twitter.com/jacqmelinekTalking Tokens: https://twitter.com/_TalkingTokens Follow us on InstagramTalking Tokens: https://www.instagram.com/_talkingtokens/ Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned.

    53 min
  5. 12/18/2025

    How Solmate Is Merging Treasury Scale with Real Infrastructure | Marco Santori

    In this episode of Talking Tokens, Jacquelyn Melinek speaks with Marco Santori, CEO of Solmate, about the company’s shift from a pure digital asset treasury model into an infrastructure business. Marco explains why Solmate decided to build bare metal validators in the UAE, how geography affects production, and why the region is becoming strategically important for Solana’s global footprint. They also discuss Solmate’s planned acquisition of RockawayX, how it intends to integrate the firm’s liquidity, asset management and infrastructure, and why tokenization represents the biggest near term opportunity on Solana. Marco shares insights from his career across law, Kraken and venture, and explains why the long term vision is to turn Solmate into an operating business driven by revenues and not market cycles. Timestamps(00:00) – Intro (01:16) – Abu Dhabi Finance Week vs Breakpoint and Solmate’s strategic presence in the region (02:21) – How institutional investors think about high frequency trading and blockchain mechanics (04:13) – Marco’s background across law, exchanges and venture — and how he navigated the industry (06:37) – Why Solmate merged its DAT with infrastructure after investor feedback (08:30) – RockawayX acquisition and integrating infrastructure with liquidity services (11:02) – What real infrastructure means: UAE’s first bare metal validator (14:03) – Why UAE’s geography is critical for latency, block production, and global connectivity (19:16) – Expansion plans, regional market differences, and focus on UAE (20:00) – Messaging to institutional allocators and pitching Solana as onchain finance exposure (24:35) – Moving beyond DATs: Solmate’s shift toward an earnings-driven business (29:08) – Tokenization as the next era of commerce and everyday HFT-style transactions (33:31) – Solmate’s long-term vision and Marco’s final advice for navigating crypto cycles Essentials You can subscribe to the podcast on Spotify, Apple or YouTube.If you like the show, please let us know by leaving a review! Spotify: https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZApple Podcast: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 Follow us on XJacquelyn: https://twitter.com/jacqmelinekTalking Tokens: https://twitter.com/_TalkingTokens Follow us on InstagramTalking Tokens: https://www.instagram.com/_talkingtokens/ Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.

    35 min
  6. 12/16/2025

    How Solana Becomes the Home for Kalshi | Nitesh Nath

    In this episode of Talking Tokens, Jacquelyn Melinek speaks with Nitesh Nath, Founder and CEO of DFlow, about building trading infrastructure for Solana and enabling native access to prediction markets, starting with Kalshi, through DFlow’s new API. Nitesh explains why expanding market access matters for Solana’s trading community, how tokenizing these positions unlocks new DeFi composability, and why every prediction can become an SPL token that plugs into borrowing, trading, and liquidity protocols. They also discuss DFlow’s concurrent liquidity programs, bridging off-chain liquidity onchain, its recent integration with Phantom, and how these systems set the foundation for new financial primitives. The conversation covers tokenization, onchain market design, expected 2026 milestones, local-market prediction use cases, and how everyday users may eventually use prediction-powered applications without ever realizing it. Nitesh also shares what Solana needs to improve for high-frequency traders, why liquidity provision is still too difficult, and why DFlow is betting on Solana as the most efficient place to build financial rails.This episode is a part of the Solana Sessions campaign that Token Relations and the Talking Tokens podcast are doing, diving into founders’ journeys and startups building on Solana. Check out the accompanying newsletter on ⁠www.token-relations.xyz⁠  Timestamps (00:00) – Intro (01:07) – DFlow’s recent announcements with growing user demand (01:32) – Connecting Solana traders to Kalshi and the importance of market access (02:45) – Network effects between prediction markets and Solana traders through DFlow infrastructure (03:37) – Tokenization as the building block for DeFi and enabling predictions to plug into the ecosystem (04:18) – Phantom partnership as a new entry point for traders and liquidity providers (05:12) – The broader unlock for prediction markets as they reach mainstream attention (06:10) – Concurrent liquidity programs bridging off chain liquidity onto Solana (07:26) – Global user opportunities and Solana’s ability to attract sports and political audiences (09:42) – Burning tokens into stablecoins when markets resolve and how payouts work (12:10) – Open interest expectations for 2026 and how tokenization scales with market activity (14:16) – Too many markets debate and why niche local prediction markets will thrive (17:10) – Everyday apps using prediction markets under the hood without users realizing it (18:31) – Most things eventually moving on chain and how the prediction API integrates into apps (20:27) – Improving Solana infra for HFT and solving jitter, latency and market maker pain points (22:27) – Why DFlow is building on Solana and the vision for DeFi as efficient financial rails (23:08) – Nitesh’s final advice on ignoring price action and thinking long term Essentials You can subscribe to the podcast on Spotify, Apple or YouTube.If you like the show, please let us know by leaving a review! Spotify:⁠ https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ⁠Apple Podcast:⁠ https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141⁠ Follow us on XJacquelyn:⁠ https://twitter.com/jacqmelinek⁠Talking Tokens:⁠ https://twitter.com/_TalkingTokens⁠ Follow us on InstagramTalking Tokens:⁠ https://www.instagram.com/_talkingtokens/⁠ Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned.

    24 min
  7. 12/11/2025

    Why Bitcoin Collateral Is Going Mainstream | Matt Luongo & Nathan McCauley

    In this episode of Talking Tokens, Jacquelyn Melinek speaks with Matt Luongo, Founder of Thesis and Co-Founder of Mezo, and Nathan McCauley, Co-Founder and CEO of Anchorage Digital. They discuss how Bitcoin collateral, institutional borrowing, and onchain lending are becoming core parts of modern finance. They dive into why institutions increasingly want to borrow against Bitcoin, how regulatory clarity and qualified custody make these markets possible, and why products like Mezo’s lending and staking are giving BTC holders new ways to access yield, without selling their assets. The conversation also explores the recent Fannie Mae and Freddie Mac signals around crypto collateral, how Bitcoin mortgages work today, the rise of BTCfi, and why DeFi lending has historically outperformed centralized lenders through past market blowups. They also break down volatility management, backtesting, risk frameworks, why conservative collateral ratios matter, and how Bitcoin’s “forever asset” narrative changes long-term financial behavior for both institutions and individuals. Timestamps(00:00) – Why Bitcoin is becoming a long-term collateral asset (01:27) – Institutions prefer Bitcoin, altcoins lack institutional traction (02:21) – Why institutions borrow against BTC and rely on qualified custody (03:34) – Fannie and Freddie exploring crypto for mortgage eligibility (05:19) – Bitcoin mortgages today with second homes, investment properties, and growing demand (06:36) – How Mezo helps users borrow using BTC and why guidance matters (07:26) – BTCfi is emerging: borrow, earn, or stake Bitcoin onchain (09:06) – Treasury companies, native yield and why lending is Bitcoin’s true yield mechanism (10:59) – Transparent, onchain lending vs black-box centralized lenders (12:00) – Managing volatility, collateral ratios and conservative risk design (15:26) – Bitcoin staking: short lockups, capital efficiency and borrowing against staked BTC (19:03) – Why DeFi lending has outperformed centralized platforms across cycles (22:04) – Bitcoin eating the “monetary premium” of gold and real estate (32:25) – What success looks like: BTC finance becoming “just finance” (37:04) – What they’re watching next: treasury companies, UX leapfrogging, AI and machine economies EssentialsYou can subscribe to the podcast on Spotify, Apple or YouTube. If you like the show, please let us know by leaving a review! Spotify: https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ Apple Podcast: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 Follow us on X Jacquelyn: https://twitter.com/jacqmelinek Talking Tokens: https://twitter.com/_TalkingTokens Follow us on Instagram Talking Tokens: https://www.instagram.com/_talkingtokens/ Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.

    40 min
  8. Talking Tokenization: Why the Media Loves Stablecoins (Should We Be Worried?) | Greg Di Prisco

    12/09/2025

    Talking Tokenization: Why the Media Loves Stablecoins (Should We Be Worried?) | Greg Di Prisco

    In this episode of Talking Tokenization, Jacquelyn Melinek speaks with Greg Di Prisco, Co-Founder of M0, about how stablecoins are reshaping global finance, why banks are losing their grip on deposits, and how the next monetary layer will be built directly into applications instead of traditional banking rails. Greg explains why stablecoins may ultimately fulfill parts of Satoshi’s original vision, how M0 enables companies to launch their own branded stablecoins, and why the “vertically integrated issuer” model of USDC and USDT will give way to a broader, more decentralized ecosystem. He also breaks down tokenized treasuries, regulatory clarity under the “Genius Act,” and why fintechs are already routing balances to stablecoins without users realizing it. They discuss how banks will be forced to compete again, what tokenization actually means in practice, why stablecoins could add billions of new users overnight through distribution partners, and what risks or geopolitical shocks could slow down adoption. This episode is sponsored by Securitize, the proven leader in tokenized funds, equities, and private markets. Discover more at securitize.io. Timestamps (00:00) - Intro (01:05) - Defining tokenization & why the term is often misused (02:24) - Greg’s background: MakerDAO, early stablecoin development & founding M0 (03:09) - Why “everyone becoming their own bank” was 50 years too early (04:22) - How stablecoins push banks to compete again for deposits (05:28) - Building M0 and branded stablecoins, issuers & white-label infrastructure (06:29) - Real client examples like GPU financing & MetaMask’s stablecoin (07:33) - Why builders want their own stablecoin & capturing yield (08:17) - The difference between lending USDC vs treasury-backed stablecoins (09:36) - The biggest shift: fintechs routing balances to stablecoins instead of banks (11:02) - Greg’s controversial take: stablecoins may fulfill Satoshi’s vision (12:27) - Algorithmic stablecoins as “tokenized Ponzi schemes” (13:57) - Why stablecoins, not Bitcoin, will disintermediate commercial banks (15:24) - Tokenized funds, BUIDL (BlackRock), and onchain treasury management (17:03) - M0 governance, issuers & risk frameworks (19:25) - Why one issuer cannot control the money supply (21:33) - How stablecoin adoption can jump from 200M to billions (32:20) - Institutional adoption in 2026 and why every financial institution will join (37:12) - Macro risks, regulation and events that could derail the growth curve (40:11) - Greg’s final advice Essentials You can subscribe to the podcast on Spotify, Apple or YouTube. If you like the show, please let us know by leaving a review! Spotify: https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ Apple Podcast: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 Follow us on X Jacquelyn: https://twitter.com/jacqmelinek Talking Tokens: https://twitter.com/_TalkingTokens Follow us on Instagram Talking Tokens: https://www.instagram.com/_talkingtokens/ Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned.

    41 min

Ratings & Reviews

4.8
out of 5
4 Ratings

About

Talking Tokens is a podcast focused on interviewing the best crypto leaders, startups, market players and up-and-coming founders that are changing the industry. Join Jacquelyn Melinek, an award-nominated host and seasoned crypto journalist-turned-entrepreneur, to dive into the best talks in crypto in an easy-to-understand way. The episodes will air every Tuesday and Thursday on YouTube, Spotify, Apple Podcasts, X and more. For more updates, subscribe to the Talking Tokens newsletter here: https://talkingtokens.beehiiv.com/ Follow us on X: https://twitter.com/_TalkingTokens

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