A (3:10)

Thank you, appreciate that. And just to highlight a few things, and I agree with this, I think at the end of the day, as much as technology has been infused into our lives, the real moment is what you said is that moment in the human life that we're showing up for. And I think that's really important. Always start with the human, not with that feature. And I thought was interesting across the team and I wish this would be shared around the whole world regularly, but having standard metrics across the board so everybody knows what to operate from, what to look for and there's no guessing around that. So I appreciate those. And Ezra Lutha is transforming its encrypted messaging layer into a decentralized loyalty and rewards network. What does that actually look like from a user experience standpoint? And how is it different from today's loyalty systems?

B (3:58)

From a user's perspective, it's actually very simple. Luff has started as an encrypted messaging layer between creators, brands and their fans. We're turning that into a loyalty and reward system that lives natively inside those conversations. So imagine you join a creators community or a brand's channel. As you do meaningful things, show up to live streams, buy a ticket, share content, attend a trip, attend an event. Those actions are quietly recognized in the background. You don't have to download a separate app, fill out another form, or remember another login. You just see, hey, you've unlocked this level or you've earned rewards that you can use on tickets, merch or experiences. All of that is tied to a simple fan passport or wallet that you can control. For creators and brands, they get a unified dashboard and API that lets them say if someone does X, Y and Z across my channels, social events, commerce, they should earn this status or unlock this reward. Luffa handles the identity layer. The points are rewards, logic and the secure messaging back to the fan. The big difference from traditional loyalty systems is three things. First, it's not siloed to one brand or one card. Your proof of being a great fan can travel across partners. Second, it's not just based on spend it recognizes participation, advocacy and attention, not only transactions. And third, it's privacy respecting by design. Data is encrypted and minimized. The value is in the verified actions, not in selling your profile. So under the hood, what you get is decentralization. On the surface it feels really smooth modern loyalty in an experience that lives with you where you already talk and engage.

A (5:42)

Thank you, I appreciate that. And I like how you said Loofah was starting as a messaging platform and now moving into this loyalty and rewards platform and you kind of tease things apart for us. What's different about Louva versus others is you're not siloed to one fan or one car, not just based on spend and it's privacy respected by design. And I really appreciate those insights. Ezra, the idea of portable digital identity is gaining momentum from web3 wallets to cross platform reputation systems. How do you envision identity and rewards traveling with users across multiple creator or brand ecosystems?

B (6:21)

I think about it as a fan passport that you actually own. Today, every platform and every brand is trying to build their own view of you, their own point system, their own tiers, their own profile. None of that moves with you. If you stop using one app or a campaign ends, your history and rewards are basically stranded. In the model we're building at Luffa, you have a single user owned identity which can be expressed as a wallet or passport and different ecosystems can write to it and read from it in a privacy preserving way. So supporting an indie artist, booking a hotel through a partner, going to a club night, or joining creators membership can all leave stamps on that passport. The magic is in what that enables. A festival can recognize that you've been a top fan of a certain label for years and unlock early access without you having to start from zero. A hospitality partner can see that you're a repeat attendee across music events and offer status or perks when you travel. A creator can move platforms without losing the ability to recognize and reward their core community. The key principle is identity and reputation should belong to the person, not the platform. Leffa's role is to make that safe, interoperable and easy enough that the user doesn't have to think about the infrastructure. They just feel that wherever they go in this ecosystem, they're treated like the same high value fan they actually are.

A (7:47)

Thank you, appreciate that. And I liked how you phrase that your platform left his fan passport for the creator. And of course we really highlight privacy and defi here. Right? You talked a little bit about that. But the big thing that I took away is Identity and reputation should belong to the creator, not to the platform. So if they do move, I think that's important, that information follows the creator. That's amazing. And Ezra, the last question of the day. Looking ahead, what are the biggest technological and behavioral shifts you believe will shape the next decade of decentralized communication, loyalty and fan engagement? And how is LEFFA positioning itself for that future?

B (8:29)

On the technology side, I see three big shifts. First, messaging becomes the primary operating system for everything. We're already seeing commerce, support and community all collapse into chat. The next step is making those conversations programmable so that identity, loyalty and payment can all be triggered from the same encrypted thread. Second, wallets and identity move into the background. Most users are not going to talk about blockchains or protocols. They'll just expect that when they move between apps, their status and benefits come with them. The underlying tech will be decentralized, but the experience has to feel as simple as logging in with email. Third, AI will sit between brands and fans as an intelligence layer. Not just recommending content, but understanding intent in real time. This person is about to churn. This fan is highly likely to travel for this show. This group is driving most of the word of mouth. That intelligence will power much more targeted and respectful loyalty experiences. Behaviorally, I think fans will increasingly expect to be treated like partners, not just audiences. They want to co create, to share an upside and to be recognized across everything they do online and offline. And creators and brands will be forced to move away from renting reach on big platforms to actually owning their relationships and data. LAFFA is positioning for that by building encrypted communication as the foundation. Because if people don't trust the channel, nothing else matters. Layering identity and loyalty on top of that. So every meaningful interaction can become a durable relationship, not just a one off impression. Designing everything to be portable and partner friendly so we can plug into existing ecosystems rather than just trying to replace them. If we do our job Right, in 10 years, fans won't say I'm using Leffa. They'll just feel that wherever they show up in a creator's world, a brand's world, or a city's ecosystem, they're recognized, rewarded and in control.

A (10:27)

Thank you. Appreciate that. And I still took away again that portability. Love, defi love. Our publication site's built on Web3 as well, just FYI. But portability and privacy is key. I took away you mentioned there's three things here that are important, right? For the basically going forward, envisioning the messaging is the primary operating system for everything while it's an identity. Move into that background and AI will sit behind the brands and fans. And I just really appreciate you breaking it down for us in such. Just little sound bites for us, which makes it great for our audience. We love to digest these things from our guests, so thank you. And Ezra, it was such a pleasure having you on today, and I look forward to speaking with you real soon.

B (11:08)

Yeah, absolutely. Thank you for having me, Brian.

A (11:11)

Bye for now.