Crypto Bounty Aims to Break Skateboarding World Record

POIDH, which stands for ‘pics or it didn’t happen,’ operates as a self-custodial platform that creates miniature decentralized autonomous organizations (DAOs) focused on specific challenges. Founded by a pseudonymous individual named Kenny, who also works as an SEO consultant, the platform allows users to pool funds into bounties for real-world tasks—from breaking world records to locating a ‘rat hotspot’ in New York City. Kenny described POIDH as rooted in principles similar to those of ConstitutionDAO, the group that famously attempted to buy a copy of the U.S. Constitution in 2021, but with a focus on tangible, verifiable outcomes rather than financial governance.

The platform’s structure is designed to minimize risk for contributors. Backers can withdraw their funds at any time unless someone is actively attempting to complete a bounty. To authorize a payout, contributors vote on the validity of the submission, with voting power weighted by the amount each has pledged. POIDH charges a 2.5% fee on successfully completed bounties. Since its launch, approximately 2,500 bounties have been created on the platform, with 1,400 successfully completed, according to a Dune analytics dashboard.

Kenny explained that his interest in crypto’s potential ‘to organize humans to get things done in the real world’ dates back over a decade, but it was the collapse of FTX in 2022 that galvanized him to build a platform with practical, non-speculative use cases. ‘There just aren’t that many use cases that I feel like I can show to my friends and family and be proud of in the industry,’ he recalled.

The current headline bounty requires a skater to perform more than 36 kickflips—a trick that involves rotating the board 360 degrees mid-air—within 60 seconds. The current record has been held since 2012 by Ricky Glaser, a professional skateboarder from Australia. The bounty, initially valued at $30,000, has fluctuated with the price of DEGEN and Ethereum, the tokens used for payouts. A third of the 10 million DEGEN bounty was contributed by The Haberdashery, an independent group of DEGEN token holders of which Kenny is a member.

So far, only one serious contender has emerged: a skateboarder who goes by JD on X. JD has documented his progress, sharing a video of himself completing 26 kickflips in 39 seconds. He described the physical challenge of pushing past 25 flips as ‘really tough and tiresome,’ but expressed motivation from the potential financial reward. JD said that if he won, he would use part of the bounty to pay off debt and keep some DEGEN tokens to ‘see what happens.’

But JD is not alone. Professional skateboarders Alex Decunha and Dave Bachinsky have also signaled interest. Decunha previously recorded a video in 2021 showing him beating Glaser’s record, though Glaser remains the official Guinness titleholder due to the lengthy verification process. Glaser himself has called the POIDH bounty ‘sick’ and hinted at possibly entering the contest.

Claiming the bounty requires more than just skill; it demands rigorous verification. Participants must submit an unedited video with a visible timer and eventually be ‘verified by Guinness as the new world record holder.’ They are also required to say, ‘This is for DEGEN’ in their submission. This dual requirement—combining blockchain-based community voting with traditional institutional validation—highlights the hybrid nature of POIDH’s approach to real-world impact.

For Kenny, POIDH represents an attempt to move crypto beyond pure speculation and into the realm of measurable human achievement. While the platform’s bounties are paid in volatile cryptocurrencies like Ethereum and DEGEN—the latter primarily used for tipping on the Farcaster social media protocol—the focus remains on creating incentives for action rather than financial gain. Whether the kickflip bounty succeeds in making skateboarding history or joins the ranks of ‘quixotic’ crypto experiments, it underscores a broader aspiration within the industry: to use decentralized technology not just to reshape Wall Street, but to motivate people to push their limits in the physical world.