✨ Building @Loyal_Spark | Loyalty programs for projects and the Agentic Web 🔍 Digging deep into crypto 🚀 Early in L1-2s, DePIN, DeFi
Base Ecosystem
Joined March 2014
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Built Loyal Spark solo for a while - onchain loyalty on Base for shops, customers, and agents. The product is live. $LOYAL is the protocol token, not the points merchants issue, and not how people pay for the product. We're launching on OpenServ Launch. We used @openservai while building - agents on their Platform, and a SERV assistant in the product, so this felt like the natural next step.
Loyal Spark ($LOYAL) is live for launch on OpenServ Launch.
Onchain loyalty on Base for merchants, customers, and AI agents.
We've used OpenServ a while building - a few agents on their Platform, and we integrated a smart assistant on SERV into the product. When it was time for a token, launching here felt like a natural fit. Not the whole story of Loyal Spark, just the right place for this step.
$SERV holders get early access before the public window. More once trading is open.
launch.openserv.ai/projects/…
cc @openservai
MoonDancer retweeted
It’s feeling really magical inside of Base right now. It’s clearly the greatest time in the history of tech industry right now. I hope it feels similar everywhere else.
MoonDancer retweeted
More builds from the 1st SERV Reasoning Hackathon are now featured.
From agentic finance to autonomous onchain operations, builders explored new use cases across Robinhood Chain & MCP, Coinbase AgentKit, @IxsFinance RWA Vaults, and the Open Track.
SERV Reasoning unlocks more reliable and capable AI agents.
MoonDancer retweeted
You are in a market that does not let you Sell.
Imagine a market that sells coffee beans, and you are one of its registered sellers.
You have good beans, lower prices, better packaging, etc.
But.... You are unable to sell.
Why - coz buyers never see you.
Why?
Because in this market, buyers do not browse.
Every buyer request goes through a discovery desk, and the operator sitting at that desk decides which sellers a buyer is shown.
So you walk up to him and ask why you are never on that list:
- You: Why do buyers never see my shop?
- Operator: Because you do not rank high enough in seller's.
- You: What do I need to rank higher?
- Operator: Sales volume, and a list of customers who have already bought from you.
- You: But I can only get those if buyers find me and buy from me first.
- Operator: Correct. And buyers only find you once you rank high enough.
Meanwhile, the largest coffee seller in the market has already taken that order.
The buyer never saw your shop.
The operator says - "not my problem"
The market worked exactly as designed.
Would you keep selling in that market?
Would you tell another merchant to come and join you in it?
That is the condition of open agentic markets today.
Today, the open agentic commerce market is killing its own merchants - and hence the market itself.
article below 👇
MoonDancer retweeted
THE BLOCK: The upcoming "tokenization supercycle" will be spearheaded by tokenized equities and non-dollar stablecoins, according to Base creator Jesse Pollak.
"People are really sleeping on non-dollar currencies … Countries are going to remain sovereign, they're gonna have their own currencies and people are going to keep spending most of their day-to-day lives in those currencies," Pollak told The Block during an interview at Token2049 Singapore.
MoonDancer retweeted
THE BLOCK: Base creator Jesse Pollak said the shutdown of Blast and Abstract does not mean the Ethereum Layer 2 experiment is over, arguing that chains now have to justify themselves as businesses with product and distribution plans.
"Chains are businesses in lots of ways. Not all businesses are going to work," Pollak said in an interview with The Block at Token2049 Singapore.
MoonDancer retweeted
Foreign token spot DEX volume on @base was the highest in September
Foreign tokens mean tokens bridged in from other chains. In September, this sector recorded ~$27.2B in total spot DEX volume, of which ~$7.5B came from Base alone, meaning around 28%
Top 4
- Base: $7.55B
- Solana: $5.89B
- BNB: $3.83B
- Ethereum: $3.18B
Base and Solana alone accounted for nearly half of the volume
Base’s volume was about $1.66B higher than Solana’s
Source: Blockworks
MoonDancer retweeted
➥ @Cloudflare could be one of the biggest catalysts for x402.
The reason is simple:
x402 is turning HTTP requests into payment requests.
An agent wants an API, dataset, model inference or MCP tool.
It sends a request.
✦ The server responds:
402 — Payment Required.
The response tells the agent what to pay, which asset/network to use and where to send it.
The agent signs the payment, retries the request and gets access.
No account.
No API key.
No checkout page.
No human approval for every transaction.
Just request → pay → receive.
That sounds small, but it changes how the internet can charge for services.
And the numbers are already getting interesting.
The official x402 dashboard currently shows 75.4M transactions and $24.2M in volume over the last 30 days, with 94K+ buyers and 22K sellers.
But the bigger catalyst, imo, is Cloudflare.
Cloudflare has integrated x402 into its agent infrastructure and AI Gateway.
Its Monetization Gateway can put x402 payments in front of APIs, datasets, websites and MCP tools.
Cloudflare also recently added Machine Payments to AI Gateway, allowing eligible inference requests to be paid through x402 using stablecoins.
This matters because Cloudflare already sits in front of a huge amount of internet traffic.
If x402 becomes the payment layer for even a small portion of that traffic, the potential transaction count is very different from a normal crypto payment market.
And there is another important development:
x402 is no longer just a Coinbase experiment.
The protocol was contributed to the Linux Foundation in 2026, with the x402 Foundation now operating as an open-governance body. More than 50 organizations are involved.
So I think the thesis is becoming clearer:
AI agents need a native way to buy things.
They will need:
→ data
→ API calls
→ model inference
→ compute
→ storage
→ identity/reputation
→ other agents' services
Subscriptions and API keys were designed for humans and traditional software.
x402 is designed around the opposite model:
machine-to-machine commerce.
That is why I am watching the ecosystem beyond just the x402 token narratives.
✦ My x402 watchlist:
> @virtuals_io — Most liquid: AI agents + agent jobs + payment rails via Virtuals’ ACP ecosystem.
> @GoKiteAI — Agent-first L1 with native x402 + AP2; $KITE is mainly for network/incentives, not payments.
> @Unibase_AI - $UB — Infra: Unibase Pay on x402 lets agents discover services, pay, and fetch data across BNB Chain, Base, Polygon, and Arbitrum.
> @bankrbot - $BANKR — Base-native agent already doing onchain actions; clear proof of autonomous spend.
> @openservai - $SERV — Agent infra: find work, run tasks, get paid as x402 adoption grows.
> @PayAINetwork - $PAYAI — Purest x402 bet: multi-chain, expanding to SKALE; smaller liquidity/market cap = higher risk.
> @eigencloud - $EIGEN — Complements x402: EigenCloud verifiable compute to prove agents got what they paid for.
> @peaq - $PEAQ — Machine economy bet: devices pay for data/services and M2M.
> @flock_io - $FLOCK — x402 angle: decentralized AI training could push metered, machine-paid work.
> @SkaleNetwork - $SKL — x402 fit: gasless, high-frequency tx for micro-payments and API calls.
> @Acurast - $ACU — x402-native: agents buy compute per task, no subscriptions.
✦ The bigger thesis
I don't think the x402 opportunity is simply:
“AI agents will use crypto payments.”
It is bigger than that.
It is:
- Every API can become a marketplace.
- Every model can charge per inference.
- Every dataset can charge per query.
- Every compute provider can charge per task.
- Every agent can become a buyer.
- And every service can become programmable.
Cloudflare is important because it can put that payment primitive directly at the edge of the internet.
If x402 keeps growing from here, I would watch actual settlement, active buyers, recurring sellers, and economic volume much more closely than raw transaction counts.
Because eventually the question won’t be:
“Can agents pay?”
It will be:
“How much of the internet is being paid for by machines?”
MoonDancer retweeted
They're all good to an extent, and all serve the purpose.
The thing is, each and every one of these LLMs becomes better once @openservai is used to do the reasoning part. What SERV does is (aside from a ton of things I won't write about right now, but will very soon (article(s) incoming), it makes a cheaper and "weaker" LLM do the job as good as a way more expensive frontier model would. And it saves cost.
TL;DR: better reasoning = less hallucinations = better output and accuracy = lower costs.
Plus, ethereum:0x40e3d1a4b2c47d9aa61261f5606136ef73e28042 sits at a tiny market cap so there's good R:R to it. Obviously, this isn't financial advice.
Do you remember @deepseek_ai?
It held the benchmark title for the most powerful AI model on Earth in Jan 2025.
But it only lasted for 3 days.
After that, @ChatGPT reclaimed the title.
Right now, it's a different landscape.
MoonDancer retweeted
Abstract to Shut Down on Dec. 15; Igloo Says It Lost Tens of Millions Over Two Years
Abstract will shut down on December 15, 2026, citing high operating costs, limited liquidity, a restricted DeFi ecosystem and weaker market demand. Parent company Igloo said it lost tens of millions of dollars over the past two years keeping Abstract operating while searching for product-market fit and profitability. In July 2024, Igloo raised over $11 million in a Founders Fund-led round to establish Cube Labs and support Abstract’s development. Igloo will now refocus resources on Pudgy Penguins, Pudgy NFTs and PENGU.
MoonDancer retweeted
Crypto succeeds when we stop calling it crypto.
GP @guywuolletjr thinks financial services will run on blockchains, just like other businesses now run on the internet. So what gets us there?
00:00 "Everything is computer — except finance"
00:52 From a16z intern to general partner
14:34 How crypto moves into the mainstream
19:28 Why timing matters for crypto adoption
23:31 Token launches, liquidity, and going public
28:20 Backing founders for the long term
36:21 Opportunities in crypto
38:42 New markets for energy and compute
39:49 Stablecoins and finance’s digital transformation
43:29 Why perpetual futures are gaining traction
45:26 What tokenization changes for Wall Street
49:04 On oil painting and the pleasure of making things
MoonDancer retweeted
We’re building SERV to become core infrastructure for Enterprise AI.
Our early work with Neol gave us a major advantage in building toward our vision.
We had the opportunity to develop SERV against live production workloads across companies and governments, including the UAE government, while establishing a growing footprint across the Middle East.
That meant access to real-world data and learnings that no theoretical framework or whitepaper could provide.
These learnings shaped v1 and v2 of SERV Reasoning, moving our technology from a theoretical framework to a real-world use case, which now feeds directly into SERV v3 and Graph Sharding, the next stage of the reasoning engine.
Neol runs network intelligence for governments and institutions, where agents surface real people for high-stakes decisions. In these environments, “usually right” isn’t good enough. The reasoning needs to be reliable, reproducible, and auditable.
On one of Neol’s production agents, the same evaluation was run 2,400 times:
- Prompt-engineered stack: 54.1% reliability
- SERV research applied directly: 63.1%
- Full SERV Reasoning methodology: 100% across every category
SERV moved the workload from open-ended reasoning into structured decision graphs, then applied learnings from production, including subgraph decomposition and binary judgments, to make the reasoning more deterministic and testable.
Higher reliability was only one part of the result. Neol gained an inspectable reasoning structure where results can be traced back to specific decisions, making the system easier to test, improve, and defend when challenged.
Our vision is to make SERV the reasoning layer enterprises and institutions rely on to run AI at scale. Neol is an early proof point of this journey.
Loyalty points still die inside one app. You earned them at one place, and that place is the only place they work. You cannot send them to someone else. You cannot turn them into another program's points. They just sit there until the brand expires them or you forget the password.
That made a kind of sense when a points balance was a marketing trick. It makes less sense once the balance is worth something. A coffee shop's points, an airline's miles, a game's credits: same shape, no way through. Each one is a closed box with the company's name on it.
The normal things people do with anything valuable are missing. Give some to a friend. Trade them for points you will actually use. And later, if enough people want them, sell them. None of that exists in a normal loyalty app, because the balance was never yours. It is a row in their database, and rows do not travel.
I keep thinking the program should be the opposite of that. The points stay tied to a real reward, so they are not just a number. But the person who holds them can move them. To another person. Into another program, when someone on the other side wants the trade. And, if a market actually shows up, to a buyer. That last part only works if the first two are boring and common. You do not get a market for something nobody is allowed to hand over.
Most of what we are building is that. A loyalty balance a person can use, give, and eventually trade, including through an agent that does the boring part for them. Still early. The chain should stay quiet while that happens. If you came in with Google or email, gas is not your problem. If you brought your own wallet, you already pay gas, and that can stay as it is.
#loyalty #web3 #onchain #Base
Yeah, if Google or email sign-in was rough yesterday, that was us. Wallet login was fine. We were changing that sign-in path and turning on the paymaster, so transactions from a Google or email account do not ask for gas. If you use your own wallet, it is the same as before: you pay the gas. Sorry about the maintenance window. That paymaster is what lets an email account feel like a normal app, for the person running the program and the person collecting the points.
The usual way from Web2 to Web3 is to hand someone a wallet and hope they stay. We tried the other way. Sign in with Google or email, the same as anywhere else. A wallet is created in the background, and on that path the transactions do not ask you for gas. If you connect a wallet you already have, nothing changes: you still cover the gas yourself. Points move, a reward gets redeemed, and that can be the whole experience. The person running the program and the person collecting the points can both go through it and never think about the chain. Web3 is still there. It just does not have to be the first thing you learn.
Base builders ship hard
Here's 25 things the Base ecosystem launched and announced in September
1) @aave listed Coinbase Tokenized Stocks. Holders can deposit stocks on Base as collateral and borrow USDC against them on Aave V4
2) @modveon launched Sivar. Now Salvadorans can send money between the US and El Salvador at low cost, with instant transfers that settle in seconds on Base
3) @Cloudflare opened a closed beta of its Monetization Gateway. APIs on Cloudflare can charge agents per request, settled in USDC on Base
4) Coinbase partnered with @Citi to bring stablecoin acceptance to Base, letting institutions take stablecoin payments on regulated rails with automatic fiat settlement
5) 10 teams were selected for Base Batches 004 out of 750+ applicants: @bitrepo_xyz, @contavcbr, @flovia402, @greekdotfi, @get_grow_app, @mercatus_ai, @rennfinance, @saturdaybank, @tribeca_xyz, and @ledig_tech
6) @catalystmkts_ launched markets on Base for whether an event happens, starting with social interactions and expanding to listings, launches, news, and onchain events
7) @verantaxyz launched 39 new assets on Veranta and Base. Traders can trade them with up to 25x leverage, including 26 assets that were not tradable onchain
8) @2factorfinance launched its public beta on Base. Long-term holders can hold moderate leverage indefinitely, first on Bitcoin and then on Coinbase Tokenized Stocks, at a fraction of what a leveraged ETF costs to carry
9) @avantprotocol launched Avant on Base, onchain infrastructure for productive capital. It starts by bringing that capital into @morpho lending markets
10) @alchemixfi launched Alchemix V3 on Base. Users can now deposit once and earn with no lock-up, borrow against that money with no interest while it keeps earning, or lock in a fixed return
11) @upshift_fi is live on Base with @clearstarlabs. Curators, fintechs, and asset managers can launch vaults, and depositors keep their own funds. The first vault lets XRP holders earn on cbXRP in @morpho lending markets
12) @revertfinance launched Revert Rewards on Base. Liquidity providers can open a position in the tokenized stock pools on @aeroxyz, set a price range, and track the fees hour by hour
13) @clearstarlabs added cbZEC and cbHYPE to its cbAssets Vault on Base. Both markets are live in its largest vault on @morpho
14) @o1_exchange launched tax tokens on its launchpad on Base. Creators can set a buy and sell tax from 1% to 10% and route it to themselves, to holders as dividends paid in the paired asset, or to burns
15) @zothdotio expanded zPayments on Base, a stablecoin settlement platform for businesses. Businesses can pay out in local currency across 171 countries, at one stated rate, with instant settlement
16) @munifyai is now on Base. People can receive, hold, spend, and move dollars in one account with USDC on Base
17) @rifthq released an onchain API, letting users send money to a deposit address while it runs the swap, bridge, or deposit, including routes to Base
18) @morpho introduced P2P Orders for Midnight on Base, letting you set your own terms from the fixed-rate app
19) @numoforex launched a Naira Perp market on Base. Traders can now trade USDC-cNGN-PERP directly on Base
20) @fluidkey turned on auto-earn on Base. USDC you receive starts earning when it lands, through a vault curated by @kpk_io on @morpho
21) @predofficial opened NBA preseason markets on Base, letting users back their takes on a game with no fees for the whole season
22) @longshotxyz added soccer markets on Base, featuring leagues from Spain, England, and USA
23) @flapdotsh is now on Base. Tokens launched on Flap can trade against tokenized stocks, so an onchain token can be paired with a real-world asset
24) @norafinancexyz launched $BRS on Base, the Brazilian real onchain, adding more distribution and more ways to plug it into other apps
25) @roqqupay introduced the Roqqu Go Card, a multi-currency card for spending crypto like cash, running USDC on Base