Unmarshal is building a decentralized network for blockchain data

0:01I'm Ashton Addison from the Crypto Coin Show and today on blockchain interviews with manahar founder and CEO of UNM Marshall welcome to the show and thank you so much for taking the time yeah thanks for having me here and then it's great to meet folks here yeah I'm super excited to dive into Ai and blockchain the intersection of the two where we see the future of AI which is

0:27growing so rapidly and how blockchain benefit from that and vice versa I'd love to start off Manara with what you and your team have built at UNM Marshall and how you're helping this perfect match of AI and blockchain and then we can dive into all the latest details yeah thanks thanks ason for having me here and that's a great first question I think I can't

0:53explain enough of what UNM Marshal means to us and like what we've built so far right so UNM Marshal is a block data indexing protocol like we are one of the infrastructure players in the web 3 so we I think like the idea all along was to build the foundation better so that others can build a better D5 better nft and better a gamify project so we

1:19kind of serve as a middleware between the blockchains and people who are building on top of blockchains by helping them have a better access to the data and then we've done a decent work in last 3 three and a half years we've indexed more than 60 chains both evm and non evm and we have helped close to 77,000 plus daps we are a B2B company

1:45so we've helped more than 7,000 clients to access onchain data and build their apps faster so this is some of the I mean like we start more than 10 billion requests and like built more than five product lines all the way from apis notifications explorers and then no code smart contract indexes Etc so that's the track record and so far

2:13and we are super excited for the next phase of our journey which is decentralizing on Marshall stag very cool and I would love to dive into that in a little bit here about the decentralization of it which I think is important I would love to focus a little bit more on the indexing of data why that's important for the end users that are trading or

2:42investing and using other use case applications so one a great example I'm guessing is just the price data feed for is obviously an important part of data can you explain exactly how on Marshall is making block blockchain data indexing better for the end user that for example is using a defi application yeah so UNM Marshal it doesn't come to come to the picture

3:13when when when end user is accessing some some app right like it may be D5 protocol or it may be simple Investments or it may be accessing his portfolio in a wallet right we sit behind those applications that you use for example if you have used wallet it may be cyp wallet it may be coomi it may may be Frontier it may be it may be other wallets right so the indexer is a

3:41one step behind those wallets so we Ser the data apas all the price feeds all the balances wallet balances transaction history your portfolio within various dii applications like a compound Unis swap LPS Etc so how much liquidity provisioned that so those are the information that we access and we build and serve it to your wallet I think without indexer I think your your

4:09apps favorite apps might take twice the time if not more to come to the life but with infrastructure applications like us the development time of such applications reduces and the cost to build such applications also reduces and I think like the old decentral ization is to come out of that block box and behind the screens

4:36and then it's it's a way of bringing indexing to the common people right so if you are a marsh holder you can become an indexer so we build all the tech all you have to do is run that index or serve it to whoever it may be it may be the apps that come from unmarshal or it may be direct applications who wants to access the data and so far what we have done is

5:03B2B segment like where others use that data and then like other applications use UNM martial data and then they build useful applications but with the help of eii we are making sure that even the no users oromi users who don't even have to have app can have direct access to the index data where they can go to a app like xcan or they can go to app like

5:28Saki and then like ask their questions in plain English without having the knowledge of sqls without having the knowledge of quiring the data from databases you can directly go and ask questions in English and let on maral answer this that's the one of the major features of AI that these this I think like the Char GPT has

5:57brought us right so the way of talking to the systems in your own language using llms and using chart gpds of the world so that's what that's the experience we want to bring to the blockchain data and we are excited to bring that forward we've already done that in a form of Saki which is for product managers and founders of the companies who want to

6:25access their companies data and what we are going to do next is Agent is each dab so that the community of that dab can also use data query data using their own natural language so that's that's what excites us more so we are building continuous innovation to make sure that everyone in the web3 space irrespective of whether they

6:52Builders their investors have un interrupted access to the blockchain data to make the additions better for their own purpose it may be investing it may be building or it may be any other reason MH yeah I love that because there's so many Avid fans of web 3 that want to also utilize AI but they're not programmers and they want to use these AI agents and llms in a way that

7:23maybe they can get the benefits of what a programmer would be able to do without having to know a language and I feel like AI has made a huge leap in the last two years where people can almost code anything and with the help of the AI and they don't even need to know programming language yeah exactly and like one of the use case that I want to give you is

7:46In without AI if you want to filter give me all the Solana based tokens that are listed on binance and have liquidity more than 1 million and then have traded volume worth 10 million and have the market cap of 100 million right so asking such a question and like accessing that data without AI is nearly impossible for Nami users right but like with

8:17the AI it becomes super simple and all you have to do is just say what you want to a AI prompt so that it can get it and with the intents you can also do something like okay put my $500 in this bucket and like have a stop loss of 10% plus a minus 10% right so that's that's that's going to be another major Milestone that

8:44People can build you leveraging Ai and we want to make all that possible using UNM Marshal data either through directly or through with the partners so that's why you see UNM Marshal partnering with various blockchains various AI projects to make sure that like we come together to give you a experience that go makes you go wow yeah that sounds incredible to have

9:12ai that you can put in so many parameters to find the perfect coin or you know find the project that resonates with you most I'm definitely going to check that out I wanted to ask a little bit more about the decentralization part you're talking about the next stages of on Marshall and adding more decentralization now I wanted to differentiate or figure out

9:35With the decentralization in the data feeds and the process for example if you had a crypto wallet and in there's the Bitcoin price on the amount of Bitcoin that you own that price has to come from some location whether it's from an exchange like coinbase or maybe it's multiple exchanges so that you have you know in case there's an anomaly on that one

10:00exchange something happens the price is more decentralized but then there's also the process of how that price from coinbase actually gets to the wallet which is the UNM Marshal part itself so is the decentralization both of those parts or how exactly does that work in decentralizing the process more yeah so we already do part of it right like when we when somebody purchas

10:29price it's all already normalized across the across exchanges so be considered centralized and decentralized exchanges to give a price feed for users but I think like the more decentralization aspect com in where the blockchains they have multiple RPGs multiple nodes which is decentralized and the DBS it's it's deployed permission LLY across multiple

10:58time zones and mult mle instances that's also decentralized I think the only centralized piece that sits in between is the indexer which tracks like which other the tokens you have right like directly you can't access such information on blockchain because everything is stored block by block a simple question like what are the tokens I have is impossible to get

11:21without an indexer so that's where I think such information is stored in a centralized way so we are opening that up for users as a decentralized right so instead of like UNM Marshal storing such data in our stor servers we are making sure that even the indexer nodes are decentralized there are like five people who are hosting a same node

11:47and then you can fet the data from any one of them and all of them are accurately and they do consensus among each one of them between them to make sure they already have accurate data and any accurate data any anomalies will will result in their sted amount to be penalized so they are incentivized to behave better and they are penalized to penalized if there is any anomaly in

12:13the data so bringing such a system would ensure that there is no centralized piece in this whole narration right like all the way from the node RPC node to what you are seeing in front of your screen that's that's what makes un martial decentralization unnecessary and the second aspect of it is to remove any centralized Authority in

12:39building the indexing for the V web 3 right right right now the process is we talk to blockchains the new blockchains that are coming and we work out some sort of commercial deal to make sure that like we pay out our server fees we pay our infrastructure Fe fees Etc and then like we index that chain to make the data available but with de centralization the aspect of any

13:06Central entity would go away so as a new chain let's say you are a new layer three chain built on op stack all you need to do is come to un Marshall stack and then just propose hey I want this chain to be indexed and these are the parameters this is the RPC and this is where I want to be indexed and these are the data types I want and then anybody can can come and pick up if the

13:31reward is lucrative all right so there is no need for any team to go go and negotiate all economy would be the entire indexing economy would be controlled by March holders like if the reward March reward is lucrative enough they can index so it becomes infinite scalable solution right so there is no Central Services so servers so that we have to worry about

13:57not to like not to scale beyond our capabilities now because it's hosted by individual indexes and they can manage a particular service then it becomes super easy to scale the entire UNM Marshal network of adding new chains adding new indexes without anybody's interven and right so it becomes infinitely scalable so these are the two major aspects of our

14:26decentralization and we've come up with one of the I think one of the innovative solutions to build a chain for such a resource intensive task I mean like you can't put like three to four terabytes of data on blockchain and then access access that in real time right like you don't have CPU for that but thanks to our friends at igen layer we were able to come up with a

14:53solution which is ABS based blockchain where the where where the operation or where the execution of indexer happens offline but the validation of the data and validation of the consensus happen on S so this is something we have come up with in with the with the help of igen layer yeah no I think that's really

15:20important point because blockchains each blockchain is a little different in the cost and the speed but it's very the size of data nowadays even a video file you're looking at like one gigabyte per minute how are you going to actually put that on a blockchain without it costing a million dollars in transaction fees to transact there needs to be some solution like this to

15:48be able to index and maybe there's a balance of some part is offchain some part is onchain as long as there's a decentralized process and of a fair process of making sure that information is valid then I feel like that's a perfect solution like on indexing like on Marshall yeah see I think like if you look at blockchains like Solana especially now with the mem coin Mania

16:16It's just generating thousands of transactions every second and like how do you make sure you keep up to the date right so that's where I think such Solutions come come to Handy and help us make sure that like we serve accurate data to at all points of time mhm so in this decentralization effort in making the UNM maral protocol more decentralized is that

16:44something that's happening right now there's a process of having community members or anybody that's interested in being a part of the valid validator nodes yes U thanks I think like ask the right question at the right time so we are actually running a incentivized test net now we launched probably 5 days ago we are dedicating 1 million Marsh for which is 1% of our tokens just

17:14for the test incentivizing the test net users so the reason we want is to kind of make sure that like everybody's familiar with the notes familiar with what kind of notes they are running so if you are a marold I mean like the only requirement for you to run any node is owning Marsh tokens and like staking Marsh tokens to secure your nodes so we

17:45have like three different kind of nodes one is called operator nodes which is where you run the indexer node and the valid data nodes is just securing these these operators who are running Val who are running indexes you make sure that they are behaving properly and another one is called proof reader notes which is additional layer of security it's it's like if you

18:11have run any ABS on Anon layer you would be very familiar with such Concepts so it's nothing too different so it's it's same with additional layer of proof reader so we would love to love I think your community people are are are anybody who's listening to this stock come and run a node on a test incentivized test net and play along with the test

18:38net and then we will be launching main net probably once once we've make sure that testnet both the test Nets are successful M yeah that's really good information and for crypto users that they maybe they've tried defi but they haven't gotten into igen layer reaking they're not developers how hard is it to start getting into something

19:07like these validator notes it's actually super easy so we have partnered with applications like node running applications such as crayon such as node Ops where all you have to do is like click some buttons to deploy a node so they take care of all the infra they take care of host in validator for you so if you just go with your mass tokens we built apps

19:36To make sure that it's super simple for you to deploy respective of whether you have run the noes in previously or not if you are super technical person and who want to run the node on your own we have Docker images that you can download and run on your own but if you don't want to take that hustle you can use one of the partners to run node for you so

19:59they'll make sure that they run a validator on behalf of you for a small fee so we made sure that like all sorts of people have access to such data and I think if you see the latest Trend right so running noes has been one of the profitable like good money earning opportunities in the web three now so

20:28there are time of maybe if you look at zero gravity if you look at other apps all of them are providing notes so it's it's super cool opportunity for people to run nodes nowadays MH yeah I think it's worth looking into because it gets you more involved in web 3 and it's different than just holding tokens and you've mentioned the marsh tokens a few times

20:57One to become validator have some of the Marge tokens but you also mentioned that there was other ways that as the ecosystem is growing and being used then the marsh token holders are rewarded could you just touch a little bit more on how exactly the marsh token fits into UNM Marshall and how it creates a sustainable ecosystem yeah so far I think Marsh

21:23is a utility token for an Marshal ecosystem so far what we've done is use like un Marshal token for people who are using un Marshal apis right so they pay using M token to get these Services we've built a sustainable ecosystem I think that's the way we were able to S sustain like for last 3 years without like leaving lot of tokens

21:52outside because we were generating revenue and lot of mar tokens that was like that were transaction like Supply came back to the March treasury because people were paying in March and we've also burned some of them we have burn close to more than like 700k 800k like close to 800k tokens from out of the supply and right now I think we

22:18are just like removing ourselves from this whole management of handling revenue and then burning some of them and giving some of them in taking rewards so because it's truly decentralized the consumers would pay in March and rewards would be paid in March to the node Runners and the old Network un Marshal chain would be secured using un Marshal token like Mar

22:44token so it plays important role in entire decentralization aspect so the this it will be secured using Marsh where people need to St at least 25k tokens and we are looking anywhere between 25 to 30 million tokens to be sted for this purpose and out of 100 million and the rewards would be in a similar ratio and all the users

23:15would be I think we've built a we build a demand side which is at least like 2 to three million tokens com to the Network aspect as Revenue per quarter so which is like per year I think it's like close to 10 to 15 million right so which is like 15% of the tokens that come back to the network that will be distributed to the node Runners so it's a self-

23:44sustaining model so we have made sure I think the delay the reason for the delay of network is also this to make sure that we don't dilute too many tokens as rewards without having proper demand so now I think we feel we're in a space where all of this can sustain on their own mhm yeah I appreciate you explaining that manahar and if you want to get involved in the

24:12in the validator experience and what is the best way to get started in doing that I think like once you get access to unmarshal if you already have tokens you can just come to a community and there tons of documentation video help for you to get started you can just directly go to one of our partner c. Network so to get started but if you

24:39don't have Marsh I think you can get Marsh either using one of the decentralized exchanges like Unis swap or pancak swap or centralized exchanges like ukin gate and mexe and then access get the data and transfer those tokens to a non-custodial wallet so that like you can stake from there both holding on E ethereum chain or our BC chain works for us and like we

25:10l drop the test net tokens so I think like we have another snapshot being taken on 25th of this month so if you can like participate before 25th you can participate in this version of test net if not there'll be another one like this is a two months experiment and after that there be another test net before we go to main net that sounds

25:36great I can leave a link to the main platform and the information about the validators and any other socials or community links that are necessary as well in the show notes below I really appreciate you taking the time to teach us and me about blockchain indexing AI decentralization more importantly as as well and I'm wishing you guys all the best on

26:01bringing Full decentralization to the protocol and bringing more efficient and effective blockchain data indexing to web 3 so thank you so much for taking the time Manara yeah thanks thanks a lot I think this is one of the great conversations I had I think like the questions asked were like super relevant and hopefully uhan to best of my ability for people to

26:30like understand and then like learn something out of this session