1 00:00:00,760 --> 00:00:03,680 Yo-yo, yo, what up? What up? 2 00:00:03,760 --> 00:00:12,200 Good morning. Good morning, Chief MG Monday, 3 00:00:12,840 --> 00:00:19,640 July 1st, 2020. I'm all ready. 4 00:00:19,960 --> 00:00:23,200 Look at that. Another beautiful day to have a 5 00:00:23,200 --> 00:00:25,840 beautiful day. Another beautiful week to have a 6 00:00:25,840 --> 00:00:28,320 beautiful week. Another beautiful month to have 7 00:00:28,320 --> 00:00:31,720 a beautiful month. Well, another beautiful corner 8 00:00:32,000 --> 00:00:35,760 to have a beautiful corner. Oh, man, Oh, man. 9 00:00:35,760 --> 00:00:39,480 I feel the magic in the air. I got my coast to the house. 10 00:00:39,920 --> 00:00:43,040 Tyler. Wow, I missed your ass. 11 00:00:43,080 --> 00:00:44,360 How you doing this morning? Good morning. 12 00:00:45,280 --> 00:00:49,880 We we missed you too and my, my fro compressions do not do you 13 00:00:49,880 --> 00:00:51,440 justice. The energy that you brought this 14 00:00:51,440 --> 00:00:54,160 morning, we are so, so, so, so back. 15 00:00:54,760 --> 00:00:58,120 So excited to have ya. My weekend, probably less 16 00:00:58,120 --> 00:01:02,920 exciting than Ibiza, who we hung out in Indianapolis, the heart 17 00:01:02,920 --> 00:01:06,960 of the Midwest with the grandma. But fun, fun summer weekend with 18 00:01:06,960 --> 00:01:08,440 the fam and excited to get back in. 19 00:01:08,440 --> 00:01:11,320 There's a lot, a lot going on. So much. 20 00:01:11,320 --> 00:01:14,920 Yeah, dude, I bet I my weekend was terrible. 21 00:01:14,920 --> 00:01:17,240 I was recovering from a weekend Ibiza. 22 00:01:18,320 --> 00:01:20,480 I believe you. Let me tell you something. 23 00:01:21,440 --> 00:01:24,520 Completely checking out of work for the first time. 24 00:01:24,520 --> 00:01:27,800 Like usually we travel, I think maybe one day here and there, 12 25 00:01:27,800 --> 00:01:29,080 hours here and there during a trip. 26 00:01:29,920 --> 00:01:32,480 This time I completely checked out for the week. 27 00:01:32,640 --> 00:01:35,440 No show, no emails, didn't answer anything. 28 00:01:35,440 --> 00:01:37,520 No WhatsApp, no, I didn't answer anyone. 29 00:01:37,680 --> 00:01:42,480 Nothing cold Turkey on my work. It was so weird, but it felt so 30 00:01:42,480 --> 00:01:44,120 good. Yeah. 31 00:01:44,200 --> 00:01:46,880 I think that's necessary. I got a good ten on two. 32 00:01:46,880 --> 00:01:51,480 I got some color and it was my last trip before probably, you 33 00:01:51,480 --> 00:01:54,760 know, I think the end of August. So it felt good. 34 00:01:54,760 --> 00:01:57,560 It was necessary back home on 4th of July. 35 00:01:57,560 --> 00:02:00,400 We're in Switzerland now. Get him some air, you know, 36 00:02:00,560 --> 00:02:03,160 fresh lake air and chilling and getting back to the desk. 37 00:02:03,160 --> 00:02:06,800 It feels very, very nice. But I would definitely recommend 38 00:02:06,800 --> 00:02:08,080 Ibiza to anyone who's never been. 39 00:02:08,080 --> 00:02:09,840 It was my first time you ever been Tyler. 40 00:02:10,520 --> 00:02:14,160 No, I did nine months in Madrid and I went around a bit of 41 00:02:14,160 --> 00:02:16,400 Europe, but I never made it to Ibiza, so we'll have to catch 42 00:02:16,400 --> 00:02:17,960 up. I'm very curious what what the 43 00:02:17,960 --> 00:02:20,600 scene is like. Too. 44 00:02:21,320 --> 00:02:23,200 It's a lot. It's a lot. 45 00:02:23,200 --> 00:02:25,600 I, I, I did not know I had it in me. 46 00:02:25,680 --> 00:02:28,200 I mean, there's only one person on this entire planet that can 47 00:02:28,200 --> 00:02:29,440 take this out of me. It's Danny. 48 00:02:29,440 --> 00:02:32,440 See, each phrase, this MFR is the only person in the world 49 00:02:32,440 --> 00:02:34,920 that could Take Me Out four nights in a row or five nights 50 00:02:34,920 --> 00:02:37,440 in a row. Was it 4444 nights in a row? 51 00:02:37,680 --> 00:02:40,360 It was a lot, it was a lot, but it was definitely a lot of fun. 52 00:02:41,000 --> 00:02:43,320 Definitely came down with a little cold on the back of it. 53 00:02:43,320 --> 00:02:45,920 But, but we're, we're, we're getting there. 54 00:02:45,920 --> 00:02:47,240 We're, we're definitely getting there. 55 00:02:47,760 --> 00:02:50,760 We'll be fully back, you know, in a day or two most probably. 56 00:02:50,760 --> 00:02:54,000 Anyways, listen, Mendel may or may not join us and then he had 57 00:02:54,000 --> 00:02:57,280 a little personal thing to deal with, but he'll probably be out 58 00:02:57,280 --> 00:02:59,200 a little later today on the show today. 59 00:02:59,200 --> 00:03:01,160 Today, obviously, we'll go through the market real quick. 60 00:03:01,400 --> 00:03:04,080 We got Tyler's top 100 and then he's got some stuff to talk 61 00:03:04,080 --> 00:03:05,600 about. And then last but not least, 62 00:03:05,720 --> 00:03:08,560 we'll be joined by Luka Nets. I mean, Luka Nets again has some 63 00:03:08,560 --> 00:03:11,320 big announcements going back-to-back abstract chain 64 00:03:11,440 --> 00:03:14,440 consumer crypto L twos. We'll talk about the whole 65 00:03:14,440 --> 00:03:17,720 fucking thing with Luca. He did a podcast recently that 66 00:03:17,720 --> 00:03:19,920 had a lot of people talking the good and the bad. 67 00:03:19,920 --> 00:03:22,240 So excited to be able to dive in with him and chat. 68 00:03:22,240 --> 00:03:25,600 So he'll be joining us, you know, towards in the next 20 69 00:03:25,600 --> 00:03:28,240 minutes to discuss all things. We're going to go in. 70 00:03:28,240 --> 00:03:30,560 We're going to go deep about things like we got a lot of 71 00:03:30,560 --> 00:03:32,360 questions for him and we'll go over all that. 72 00:03:32,360 --> 00:03:36,080 But anyways, anyways, anyways, why don't we get started with 73 00:03:36,080 --> 00:03:39,240 this market report where I can't play in the the Mando Jingle 74 00:03:39,240 --> 00:03:42,480 because we don't have Mando. But I mean, Tyler, listen, I've 75 00:03:42,480 --> 00:03:45,520 been tapped out. I'm now just tapping back in. 76 00:03:45,920 --> 00:03:48,760 I'm back, I'm back in my desk. I'm finally back at looking at 77 00:03:48,760 --> 00:03:51,760 prices looks pretty similar to me. 78 00:03:52,480 --> 00:03:54,240 Every other day I would read the timeline. 79 00:03:54,480 --> 00:03:57,000 One day people were ultra bearish calling for four day. 80 00:03:57,840 --> 00:04:00,560 And that's the one thing when you tune out, right Tyler, is 81 00:04:00,680 --> 00:04:04,080 you notice how we are a little too intense, right? 82 00:04:04,400 --> 00:04:07,920 One day everyone's damn bad. One day everyone's up a lot 83 00:04:08,000 --> 00:04:13,320 right back to come back. Bitcoin 62 seven you know ETH is 84 00:04:13,320 --> 00:04:16,760 3460, Solana's 147. The meme coins are all going 85 00:04:16,760 --> 00:04:19,760 absolutely crazy. I mean, tell me, where are we at 86 00:04:19,760 --> 00:04:22,960 market wise? Yeah, the majors are are 87 00:04:22,960 --> 00:04:25,080 basically even right on the way. So we're we're seeing some green 88 00:04:25,080 --> 00:04:26,920 on the weekend, which is nice to start the week. 89 00:04:26,920 --> 00:04:32,120 So Bitcoin's up 2% on the day six, 2730 it's up basically 2% 90 00:04:32,120 --> 00:04:34,560 of the week. ETH similar up 4%. 91 00:04:35,080 --> 00:04:37,560 Solana the leader though up, up 13%. 92 00:04:37,560 --> 00:04:41,200 So this was Solana's week. I think that's one of the the 93 00:04:41,200 --> 00:04:44,120 big stories. So the we got the Solana ETF 94 00:04:44,120 --> 00:04:46,600 news last week that Van Neck had filed. 95 00:04:46,600 --> 00:04:49,560 I believe 21 shares is now filed as well. 96 00:04:50,320 --> 00:04:52,680 So that that's given some life to Seoul. 97 00:04:52,680 --> 00:04:56,640 It's outperforming some of the Solana memes have rebounded in 98 00:04:56,640 --> 00:04:59,160 kind as well. So I think we saw with back over 99 00:04:59,160 --> 00:05:06,320 220 here this morning some memes downstream moving as well. 100 00:05:07,880 --> 00:05:11,400 The the death of meme coin seems to have been overstated. 101 00:05:11,440 --> 00:05:15,920 Like I mean, Mog mog is the other big headline 720 million I 102 00:05:15,920 --> 00:05:17,960 saw at this morning, another all time high. 103 00:05:18,520 --> 00:05:24,960 That token is not flowing down. So you know, that sector looks 104 00:05:24,960 --> 00:05:27,080 strong. I think one headline that I saw 105 00:05:27,080 --> 00:05:30,400 from I think from Milk Rd. that historically whenever crypto 106 00:05:30,400 --> 00:05:33,520 closes June red, it is usually green in July. 107 00:05:34,440 --> 00:05:37,160 So we, we might have missed some of your price targets for for 108 00:05:37,160 --> 00:05:41,040 June broke, but we we're. Hey, hey. 109 00:05:41,080 --> 00:05:43,880 I didn't share them, so I didn't share them publicly. 110 00:05:43,880 --> 00:05:45,360 So I think we're good. You know what? 111 00:05:45,360 --> 00:05:47,400 What I'm gonna, well, here's my price targets for July. 112 00:05:47,400 --> 00:05:48,920 I'm gonna copy paste my June ones. 113 00:05:49,560 --> 00:05:52,920 I I was just one month off. Yeah. 114 00:05:53,360 --> 00:05:56,960 Very fair. So we might get there NFTS or or 115 00:05:56,960 --> 00:06:02,400 back to across chains. So we we saw we've got Luca on 116 00:06:02,400 --> 00:06:04,280 with us. So like pudgies leading the 117 00:06:04,280 --> 00:06:08,400 charge on ETH, both pudgies and Boras back over 10 ETH as after 118 00:06:08,400 --> 00:06:11,680 the blast AirDrop and and farming seems to have slowed 119 00:06:11,680 --> 00:06:14,160 down quite a bit. Looks like some organic buying 120 00:06:14,480 --> 00:06:16,680 on the board. It's happening on Bitcoin as 121 00:06:16,680 --> 00:06:17,840 well. No monkeys and puppets 122 00:06:17,840 --> 00:06:20,120 rebounding. We're singing on Solana. 123 00:06:20,360 --> 00:06:25,040 Solana had massive volume over this week and Mad Lad saw 124 00:06:25,040 --> 00:06:27,360 $1,000,000 sweep. Those things are back over 100 125 00:06:27,360 --> 00:06:30,320 soil. They were down in the 60s, so 126 00:06:30,320 --> 00:06:31,480 multiple. Do we know who swept? 127 00:06:31,560 --> 00:06:34,400 What's? That I I have not dug in. 128 00:06:34,480 --> 00:06:39,440 Scooter OK, 'cause I saw that person also owned like what, 200 129 00:06:39,440 --> 00:06:43,720 Tensorians or something like it was some absurd number of 130 00:06:43,720 --> 00:06:45,760 Tensorians, but that's good to see back to 100. 131 00:06:45,760 --> 00:06:47,720 So that's what is that 2X from the lows? 132 00:06:49,160 --> 00:06:51,880 Just about, I mean, look at the seven day change on that board 133 00:06:51,880 --> 00:06:56,040 like these are we, we haven't seen numbers like this, you 134 00:06:56,040 --> 00:07:02,800 know, in quite some time, you know, 50% on majors, 30 to 50% 135 00:07:02,800 --> 00:07:06,400 basically across the board. So a a very strong week. 136 00:07:07,640 --> 00:07:10,440 I, I guess we just want to keep running through some of the the 137 00:07:10,440 --> 00:07:14,240 catch up in the headlines. So we thought we got past the 138 00:07:14,240 --> 00:07:16,880 the SEC that they came back Friday to launching new suits 139 00:07:16,880 --> 00:07:20,840 against Consensus Lido and Rocket Pool In a sign that Gary 140 00:07:20,840 --> 00:07:27,160 Ginsler is not slowing down. We saw this 40 year ruling 141 00:07:27,400 --> 00:07:29,560 overturned. It should be positive for 142 00:07:29,560 --> 00:07:31,720 start-ups, including crypto start-ups. 143 00:07:31,840 --> 00:07:33,440 You know, maybe we'll get into that in a minute. 144 00:07:33,760 --> 00:07:38,920 This morning we saw Sony launch a crypto exchange and pretty big 145 00:07:38,920 --> 00:07:43,280 news, Roaring Kitty's back. He just closed this newly 146 00:07:43,280 --> 00:07:45,120 position. He's got 9 million tokens. 147 00:07:45,360 --> 00:07:47,840 The stock briefly soared. The tokens briefly soared. 148 00:07:47,840 --> 00:07:49,520 They're all falling back to earth now. 149 00:07:50,600 --> 00:07:54,760 It was a big weekend of polify. It wasn't the majors as much 150 00:07:54,760 --> 00:07:57,000 like the Trump's and trims of the world or the Bowdens. 151 00:07:57,000 --> 00:07:59,200 It was the the dim nominee tokens. 152 00:07:59,240 --> 00:08:03,400 So the the headline is like, if you missed the debate, Biden did 153 00:08:03,400 --> 00:08:09,000 a pretty God awful job, sadly showing signs of dementia. 154 00:08:09,600 --> 00:08:12,640 And now there's real talk that he's going to drop out. 155 00:08:12,640 --> 00:08:14,920 We saw his his odds are dropping out of the election soar up to 156 00:08:14,920 --> 00:08:18,120 50% this weekend. They're back down to 38%. 157 00:08:18,120 --> 00:08:21,080 But that's led to folks speculating on who's who the 158 00:08:21,080 --> 00:08:23,960 Dems going to put up. So that's going to be an ongoing 159 00:08:23,960 --> 00:08:27,280 headline to to watch here in the near future. 160 00:08:27,440 --> 00:08:30,480 And then over in the blast streets, we saw the first signs 161 00:08:30,480 --> 00:08:32,880 of governance in the blast ecosystem. 162 00:08:32,880 --> 00:08:35,240 They launched their first progress council proposal. 163 00:08:35,240 --> 00:08:38,400 So there's going to be two councils, the token council and 164 00:08:38,400 --> 00:08:42,159 this progress council to keep everyone moving and to try to 165 00:08:42,159 --> 00:08:44,240 execute faster. And, and they've got a proposal 166 00:08:44,240 --> 00:08:47,320 on the board to enable points here for, for this next season. 167 00:08:48,720 --> 00:08:51,120 And Mark responded a bit. I think we saw a bit of an 168 00:08:51,120 --> 00:08:54,400 uptick in that. It's all around 2.15 billion FTV 169 00:08:54,720 --> 00:08:57,080 here this morning up a touch off the bottom. 170 00:08:57,840 --> 00:09:01,640 So that that's the quick round up of all the headlines that we 171 00:09:01,680 --> 00:09:03,280 saw. We can dig in. 172 00:09:04,040 --> 00:09:06,920 Damn, Jesus, there's a lot of headlines. 173 00:09:06,920 --> 00:09:09,080 I mean, at one of them that I really liked this morning was 174 00:09:09,080 --> 00:09:10,800 Sony. So let's talk about that one. 175 00:09:10,800 --> 00:09:14,480 So Sony I, I, I as a it's a company I always liked. 176 00:09:14,480 --> 00:09:15,880 I don't know why. Maybe it's just growing up, we 177 00:09:15,880 --> 00:09:19,240 had like a Sony TV, but I was always like, you know, like I 178 00:09:19,240 --> 00:09:21,400 love Sony products. Our cameras are all Sony's. 179 00:09:21,400 --> 00:09:24,880 You know, our a lot of our tools that we use day-to-day are Sony 180 00:09:25,360 --> 00:09:27,600 as a company. So Sony is getting crypto 181 00:09:28,200 --> 00:09:31,080 launching an exchange. This is so great. 182 00:09:31,120 --> 00:09:33,960 Like I so is it only launching in Japan? 183 00:09:33,960 --> 00:09:38,560 Is that what's going on? So the the the restarting this 184 00:09:38,560 --> 00:09:43,400 crypto exchange whale thing which it was bought from the 185 00:09:43,520 --> 00:09:45,960 Amber group last year. It seems like they plan to 186 00:09:45,960 --> 00:09:48,880 restart it here soon with a new app. 187 00:09:48,880 --> 00:09:51,800 I don't know all the details about geographies and where this 188 00:09:51,800 --> 00:09:54,880 will be live. This is not the only thing that 189 00:09:54,880 --> 00:09:57,320 Sony has done. I think they have made some 190 00:09:57,320 --> 00:10:00,920 investments in other areas of web three. 191 00:10:00,920 --> 00:10:03,320 I think there's already speculation on like, what does 192 00:10:03,320 --> 00:10:06,640 this mean for for gaming? Or are they going to, you know, 193 00:10:06,920 --> 00:10:09,800 dive into that next? One of the stories I read saw 194 00:10:09,800 --> 00:10:12,320 this is more of just of a diversification play. 195 00:10:12,840 --> 00:10:14,960 But I mean, I'm with you at Sony. 196 00:10:15,120 --> 00:10:18,360 It's just such a big household name of a company, like seeing 197 00:10:18,360 --> 00:10:22,440 them enter into the space and line up with an exchange, it 198 00:10:22,440 --> 00:10:26,920 just feels like a a a big deal. So I'm sure we'll learn more as 199 00:10:26,920 --> 00:10:28,720 the more details come out on this one. 200 00:10:29,480 --> 00:10:30,920 Sounds like we need a Sony partnership. 201 00:10:31,320 --> 00:10:33,560 These are Sony too. There you go. 202 00:10:33,560 --> 00:10:36,840 Hey, Sony, if you're in here, you know, slide into our DMSI 203 00:10:37,120 --> 00:10:41,600 mean or the other way around, but you know, probably gonna 204 00:10:41,600 --> 00:10:44,640 have to be the other way around. But you know, we'd love to we'd 205 00:10:44,640 --> 00:10:46,880 love to to get something going, but that's that. 206 00:10:46,880 --> 00:10:48,680 I just thought that was a fun headline, you know what I mean? 207 00:10:48,680 --> 00:10:51,240 Like in, in the realm of like getting people to adopt like 208 00:10:51,240 --> 00:10:55,040 crypto and Bitcoin, et cetera. Like even like boomers or people 209 00:10:55,040 --> 00:10:58,320 that don't necessarily like believe in the, in, in Bitcoin 210 00:10:58,320 --> 00:11:00,000 itself. Like I just think that it's 211 00:11:00,000 --> 00:11:01,800 super awesome. And yeah, like someone's 212 00:11:01,800 --> 00:11:05,520 pointing out like like the the movie studio that they have the 213 00:11:05,520 --> 00:11:07,240 music kind of like they have is immense, right? 214 00:11:07,240 --> 00:11:09,680 So I don't know, I don't know how deep they wanted to go to 215 00:11:09,680 --> 00:11:12,720 integrating Bitcoin, but I think it was like, to me, it's like 216 00:11:12,960 --> 00:11:14,960 the level of news that like when Robin Hood like acquired 217 00:11:14,960 --> 00:11:17,080 Bitstamp, like these big companies are like acquiring 218 00:11:17,080 --> 00:11:19,120 company in order to launch. Like it's very similar, right? 219 00:11:19,120 --> 00:11:21,480 Like Robin Hood launched, acquired Bitstamp to have their 220 00:11:21,480 --> 00:11:23,080 own exchange focused on just crypto. 221 00:11:23,600 --> 00:11:26,640 Sony here is diversifying and acquiring Amber group, right, 222 00:11:26,640 --> 00:11:29,600 which is a crypto exchange to launch their own exchange as 223 00:11:29,600 --> 00:11:31,520 well. So I just thought it was really 224 00:11:31,520 --> 00:11:34,120 cool of a headline when I woke up. 225 00:11:34,120 --> 00:11:35,480 It's the first thing I woke up this morning. 226 00:11:35,480 --> 00:11:38,480 Anyways, another one that I I thought was interesting. 227 00:11:38,480 --> 00:11:41,840 I know that you're like that one roaring Kitty chewy. 228 00:11:42,000 --> 00:11:44,920 I mean, he is not a cat. He, you know, did you see the 229 00:11:44,920 --> 00:11:47,440 paperwork that stated that he had to check that he's not a 230 00:11:47,440 --> 00:11:49,600 cat? That was ridiculous. 231 00:11:49,840 --> 00:11:52,960 I didn't know if that was like I saw it on the SE CS forum 232 00:11:52,960 --> 00:11:57,840 website and I just at first I just thought it was a joke but 233 00:11:57,840 --> 00:12:00,840 apparently it is real. Check the upper box to designate 234 00:12:00,840 --> 00:12:03,960 whether you are a cat. And he checked I'm not a tenant. 235 00:12:03,960 --> 00:12:07,600 So that, that it's good that we know that down the forum, if you 236 00:12:07,600 --> 00:12:12,880 scroll, it shows that he has 9,001,000 shares of this Chewy 237 00:12:12,880 --> 00:12:16,320 stock, which did briefly send it up about 20% pre market. 238 00:12:16,680 --> 00:12:18,800 I think the gains are already all down. 239 00:12:18,800 --> 00:12:20,840 Let's yeah, let's refresh this. Yeah. 240 00:12:20,840 --> 00:12:22,680 So it's opening red. So now it's down 4%. 241 00:12:22,680 --> 00:12:25,680 So the roaring kiddie pump is turning into the, the roaring 242 00:12:25,680 --> 00:12:29,800 kiddie dump here. Sadly, people are in, in the, in 243 00:12:29,800 --> 00:12:33,320 the meme corn street. So there's a few Chewy tokens on 244 00:12:33,320 --> 00:12:37,120 Solana, a few that hit like 6-7 million, maybe higher at peak. 245 00:12:37,120 --> 00:12:40,040 And they're, they're starting to retrace here this morning as 246 00:12:40,040 --> 00:12:45,080 well, perhaps because what's going on the backdrop for all 247 00:12:45,080 --> 00:12:49,400 this is that he's being sued in a new class action lawsuit for 248 00:12:49,400 --> 00:12:52,880 securities fraud for his role in the GameStop saga. 249 00:12:53,040 --> 00:12:55,400 It's saying he commits securities fraud by manipulating 250 00:12:55,400 --> 00:12:58,920 the stock for his actions between May 12th and June 13th 251 00:12:59,080 --> 00:13:03,560 of this year, saying he misled investors and effectively got 252 00:13:03,560 --> 00:13:06,560 them to buy in at artificially high prices. 253 00:13:07,640 --> 00:13:13,680 So he he's not out of the woods, but by any means, this is action 254 00:13:13,680 --> 00:13:15,200 suit. So it's not, you know, one 255 00:13:15,200 --> 00:13:17,640 that's brought from like a regulatory body or anything. 256 00:13:17,880 --> 00:13:22,480 So a little bit different. What do you do? 257 00:13:22,960 --> 00:13:25,400 What do you do though? Like, what do you think about 258 00:13:25,400 --> 00:13:27,440 that, right? Like, of course, like, I get it, 259 00:13:27,440 --> 00:13:28,560 but what do you do? He tweeted. 260 00:13:29,440 --> 00:13:33,360 Like it's like, you know, you have, I think Dave Davis from, 261 00:13:33,880 --> 00:13:35,960 you know, base carbon made a, made a very good point. 262 00:13:36,200 --> 00:13:38,320 He said, let me, let me get you that tweet. 263 00:13:38,320 --> 00:13:41,320 Actually, I'm curious of your thoughts on, on, on, on what he 264 00:13:41,320 --> 00:13:43,160 wrote here. He said something on the line. 265 00:13:43,320 --> 00:13:48,040 He said the game is rigged. He said analysts are allowed to 266 00:13:48,040 --> 00:13:49,520 release price targets and ratings. 267 00:13:49,520 --> 00:13:52,360 This process is very fucked up and corrupt, by the way, but 268 00:13:52,360 --> 00:13:54,640 you're not allowed to tweet. Government can go after anyone. 269 00:13:54,800 --> 00:13:56,120 They have all the dirt on everyone. 270 00:13:56,120 --> 00:13:58,240 It's just about what they want, who they want to go after. 271 00:13:58,240 --> 00:13:59,600 I mean, what do you, what do you think about that? 272 00:13:59,960 --> 00:14:01,560 I, I feel like, what do you do? He tweeted. 273 00:14:02,920 --> 00:14:07,880 Yeah, I don't, I don't really know what he did wrong in, in 274 00:14:07,880 --> 00:14:09,680 all this. And I mean, it seems like he had 275 00:14:09,680 --> 00:14:12,560 the lawyers with him, like even during the live stream, it 276 00:14:12,560 --> 00:14:16,080 seemed like he was like checking in live with the with the 277 00:14:16,240 --> 00:14:21,600 council in that room. So I I think he was careful of 278 00:14:21,600 --> 00:14:23,840 what he was doing. But I mean that argument, yeah, 279 00:14:23,920 --> 00:14:27,400 you see all the the hedge funds releasing their price targets. 280 00:14:27,920 --> 00:14:29,400 He's I don't think he even did that right. 281 00:14:29,400 --> 00:14:31,800 He basically was just talking about why he he like likes the 282 00:14:31,800 --> 00:14:32,920 stock. I don't know that he even 283 00:14:32,920 --> 00:14:36,320 mentioned like we're going to send this thing to $100 or, or 284 00:14:36,320 --> 00:14:40,080 something along those lines. So I'm not sure if this one has 285 00:14:40,080 --> 00:14:43,880 merit. If it does, then I guess there's 286 00:14:43,880 --> 00:14:47,760 going to be a huge crackdown on, on anyone talking about stock 287 00:14:47,760 --> 00:14:51,200 or, or token on their I guess. I don't know how they couldn't 288 00:14:51,200 --> 00:14:54,280 be. Yeah, I mean, I guess I guess 289 00:14:54,280 --> 00:14:57,560 we'll see if how how far this goes, but it's it feels a little 290 00:14:57,560 --> 00:14:59,640 weird. Speaking of the SEC obviously 291 00:14:59,640 --> 00:15:01,200 going after Roy and Katie, all the fun stuff. 292 00:15:01,200 --> 00:15:03,000 I mean, look at them try and go after everybody. 293 00:15:03,000 --> 00:15:05,240 I mean, I don't what when did this lawsuit drop? 294 00:15:05,240 --> 00:15:06,920 Was it Friday? I remember it was still in 295 00:15:07,040 --> 00:15:08,400 Spain. It was Friday. 296 00:15:08,400 --> 00:15:10,760 It was after you guys had host. I think it was in the. 297 00:15:11,200 --> 00:15:13,600 Afternoon, like Friday afternoon, it's like we just 298 00:15:13,600 --> 00:15:16,880 can't get into the weekend without the these headlines. 299 00:15:17,440 --> 00:15:20,440 I remember seeing that it's like late afternoon for us and I'm 300 00:15:20,440 --> 00:15:22,720 seeing them complete like it's like an attack on Ethereum 301 00:15:22,840 --> 00:15:24,640 zecosystem, right? It's like, hey, we'll sue like 302 00:15:24,640 --> 00:15:27,560 meta mask for being like a seller of securities. 303 00:15:27,560 --> 00:15:29,720 We'll attack like this and that, but the same day. 304 00:15:29,720 --> 00:15:32,320 It isn't huge Chevron. It was Chevron ruling, right? 305 00:15:34,360 --> 00:15:35,440 You know, like pretty much said that. 306 00:15:35,640 --> 00:15:37,960 And and then somebody I saw, you know what the best tweet I saw 307 00:15:37,960 --> 00:15:42,680 from that, Tyler was from Keith Grossman that he shared the 308 00:15:42,680 --> 00:15:46,000 whole of all the rulings and all this positive stuff that 309 00:15:46,000 --> 00:15:48,960 happened on our end, like on our side of the spectrum for crypto. 310 00:15:49,360 --> 00:15:53,320 Meanwhile, the SEC again, is trying to do a huge attack on 311 00:15:53,320 --> 00:15:56,880 crypto with stuff that made no sense, right? 312 00:15:56,960 --> 00:16:00,080 So first of all, he said US Supreme Court overturned the 313 00:16:00,080 --> 00:16:03,160 Chevron deference doctrine. This will essentially limit the 314 00:16:03,160 --> 00:16:06,000 federal government's ability to regulate business and instead 315 00:16:06,000 --> 00:16:07,800 turn this over to judicial system. 316 00:16:08,040 --> 00:16:12,280 Then he had all these different threads about how, you know, 317 00:16:13,160 --> 00:16:15,880 basically there was somebody else that said that, hey, just 318 00:16:15,880 --> 00:16:19,440 because a token may start as a security doesn't mean this 319 00:16:19,440 --> 00:16:22,040 doesn't involve as something that is not etcetera, etcetera, 320 00:16:22,040 --> 00:16:23,760 etcetera. So I thought that was super 321 00:16:23,760 --> 00:16:25,680 interesting. But what do you make of all of 322 00:16:25,680 --> 00:16:27,400 this? I thought it was just a big 323 00:16:27,400 --> 00:16:30,760 attack on the theorem, but almost felt like a, a last cry, 324 00:16:30,760 --> 00:16:33,640 like a last, like a Hail Mary, like he's on his last leg. 325 00:16:33,640 --> 00:16:35,680 He's like, all right, I I got to throw it somewhere. 326 00:16:36,520 --> 00:16:38,200 That was my initial reaction as well. 327 00:16:38,200 --> 00:16:41,120 Like they're, they're, they're going out swinging like it, it 328 00:16:41,120 --> 00:16:43,880 seems like, and the Biden administration is struggling. 329 00:16:43,880 --> 00:16:46,000 We see it in the polls. We we see it in the prediction 330 00:16:46,000 --> 00:16:48,480 markets. I think he's down to 18%. 331 00:16:48,920 --> 00:16:51,520 It feels like Gensler, Warren are are behind this. 332 00:16:51,520 --> 00:16:53,120 They're tied to the, the Biden admin. 333 00:16:53,440 --> 00:16:55,640 It feels like kind of a last ditch effort. 334 00:16:55,800 --> 00:16:58,680 What's interesting about it is one, we just got the news that 335 00:16:58,680 --> 00:17:00,800 they had dropped the suit against consensus just a few 336 00:17:00,800 --> 00:17:04,880 days before this, which made it that aspect surprising. 337 00:17:04,880 --> 00:17:08,440 And then the the fact that it came just a few hours before 338 00:17:08,440 --> 00:17:13,000 this 40 year old Chevron ruling was overturned, which basically, 339 00:17:13,000 --> 00:17:17,960 without going into super depth that ruling, previously these 340 00:17:17,960 --> 00:17:22,359 regulatory agencies had been empowered to interpret laws and 341 00:17:22,359 --> 00:17:25,680 force them against businesses without any oversight. 342 00:17:26,160 --> 00:17:28,400 And now that has been stripped away from them. 343 00:17:29,200 --> 00:17:32,440 This ruling basically says, no, you can't interpret the laws 344 00:17:32,440 --> 00:17:34,680 however you want. You have to to stick to the 345 00:17:34,680 --> 00:17:36,640 reality. And now that the justice system 346 00:17:36,640 --> 00:17:40,280 is involved, so, so many are calling that arguably the 347 00:17:40,280 --> 00:17:44,640 biggest headline from week. And it should be a huge boom for 348 00:17:44,640 --> 00:17:46,880 for startups across various sectors. 349 00:17:47,200 --> 00:17:50,240 Crypto is crypto being included in that? 350 00:17:50,600 --> 00:17:55,440 So I feel like the the bullish news continues to to pile in 351 00:17:55,840 --> 00:17:58,520 supporting the the crypto sector and just seems like Ginsler and 352 00:17:58,520 --> 00:18:01,880 crew just continue to to try to fight, but it feels like their 353 00:18:01,880 --> 00:18:03,440 cases are just getting weaker and weaker. 354 00:18:04,160 --> 00:18:06,600 You know what I love? What I love about all this is 355 00:18:06,600 --> 00:18:12,040 how Ethereum was down like .6% on the news and it's probably 356 00:18:12,040 --> 00:18:15,760 back up to the same price if not higher than on Friday. 357 00:18:17,000 --> 00:18:19,840 Yeah, we're just not reacting to to the to the flood headlines. 358 00:18:20,200 --> 00:18:23,400 I feel like earlier in in the cycle, this would have moved us 359 00:18:23,400 --> 00:18:27,640 down much, much more. And now it's just not the ETFs. 360 00:18:27,640 --> 00:18:29,640 We're not going to get the ETFs this week, it looks like. 361 00:18:29,640 --> 00:18:33,680 So they did send the forms back, but they're coming soon, right? 362 00:18:33,680 --> 00:18:36,480 I still think July is very live for the ETTF. 363 00:18:37,720 --> 00:18:41,720 Yeah, I I read something about how they have until July 8th to 364 00:18:42,000 --> 00:18:43,600 finalize the paperwork for the S ones. 365 00:18:44,440 --> 00:18:46,920 So it's looking like it'll be live a little later, but at 366 00:18:46,920 --> 00:18:49,040 least we're not talking about September like the talk is. 367 00:18:49,040 --> 00:18:52,360 Oh, like paperwork until July 8th, but we're looking like 368 00:18:52,360 --> 00:18:55,320 we're, we're going to be life. So I, I, I saw a post from a 369 00:18:55,320 --> 00:19:01,920 Nate, Nate Duras this morning saying that he, he said that he 370 00:19:01,920 --> 00:19:04,720 believes that ETS can be the second largest one to the volume 371 00:19:05,160 --> 00:19:08,800 and the first one being Bitcoin. So I, I actually agree with him. 372 00:19:08,800 --> 00:19:10,640 I know what you what you think about that, but I think people 373 00:19:10,640 --> 00:19:13,080 are understimating the power of the demand that there is out 374 00:19:13,080 --> 00:19:15,840 there and the appetite for cryptocurrency, especially when 375 00:19:15,840 --> 00:19:17,320 you have Larry Fake and everybody talking about 376 00:19:17,320 --> 00:19:19,800 tokenization of things and if you're ever essentially being 377 00:19:19,800 --> 00:19:23,160 kind of like the chain where you can tokenize all things. 378 00:19:24,960 --> 00:19:26,040 Yeah, it's going to be interesting. 379 00:19:26,040 --> 00:19:29,920 I think the volume is going to be there at at what percent of 380 00:19:29,920 --> 00:19:31,600 the Bitcoin volume is going to come in. 381 00:19:31,920 --> 00:19:34,240 I think I've seen like the 20% number thrown around that. 382 00:19:34,240 --> 00:19:37,320 That seems logical to me. Like I don't think it's going to 383 00:19:37,320 --> 00:19:40,680 match. I think the other aspect of this 384 00:19:40,680 --> 00:19:42,840 is like the volume number kind of you have to throw it out 385 00:19:42,840 --> 00:19:45,680 because of all like the delta neutral 3 strategies that's 386 00:19:45,680 --> 00:19:47,680 that's been unlocked. So that makes it a little bit 387 00:19:47,680 --> 00:19:50,280 more complicated. But like volume is gonna be 388 00:19:50,280 --> 00:19:52,080 pouring in. It's hard to imagine this is 389 00:19:52,080 --> 00:19:57,560 anything but bullish for ETH and and until ETH betas, which I 390 00:19:57,560 --> 00:19:59,680 know folks are already starting to to look after. 391 00:20:00,240 --> 00:20:02,440 So July He'd have to be a big month. 392 00:20:03,440 --> 00:20:06,600 Oh, it's gonna be a big month, baby. 393 00:20:07,640 --> 00:20:09,240 It's gonna be a big. I'm excited about July. 394 00:20:09,240 --> 00:20:11,560 July's gonna be good, especially with that stat. 395 00:20:11,560 --> 00:20:15,120 You said when two closes right July opens right agreed sorry. 396 00:20:15,600 --> 00:20:17,560 So so that's that's been a good one. 397 00:20:17,640 --> 00:20:21,040 Excited for that for sure. Are we so are we gonna get Trump 398 00:20:21,040 --> 00:20:22,720 Speaking of Bitcoin Nashville in July or not it. 399 00:20:25,160 --> 00:20:27,680 Was a little bit of a let down. I think we'd all hyped ourselves 400 00:20:27,680 --> 00:20:30,360 up to see crypto discussed in the debate last week. 401 00:20:30,440 --> 00:20:33,760 It wasn't mentioned. They talked about golf more. 402 00:20:33,760 --> 00:20:35,280 They talked about child care, dude. 403 00:20:35,720 --> 00:20:36,960 It's not like they would answer the question. 404 00:20:37,040 --> 00:20:39,600 Yeah, I think the child, the child care question, they they 405 00:20:39,600 --> 00:20:42,640 just argued with each other the whole time instead of answering 406 00:20:42,640 --> 00:20:46,600 the question anyways, but yeah, I I still think we'll I think 407 00:20:46,600 --> 00:20:49,120 it's very possible that we'll see him in that event like that 408 00:20:49,120 --> 00:20:52,800 event is now perhaps like the highlight here at the end of 409 00:20:52,800 --> 00:20:55,040 this the end of this month, yes, the end of June. 410 00:20:56,280 --> 00:20:59,080 I. Think July 25th or something, 411 00:21:00,200 --> 00:21:02,600 something along those lines. Great conference by the way. 412 00:21:02,880 --> 00:21:05,520 Nashville is a great city. If I, if I hadn't meet to travel 413 00:21:05,520 --> 00:21:08,160 after this, probably go there. But we'll probably go have some 414 00:21:08,160 --> 00:21:09,920 reporters or people out there. For sure. 415 00:21:09,960 --> 00:21:11,760 You should head out there. Nashville is fun dude. 416 00:21:12,440 --> 00:21:14,040 It's fun, yeah. I have some friends down there. 417 00:21:14,040 --> 00:21:17,120 I I go down a decent amount. It's like the biggest in the 418 00:21:17,120 --> 00:21:20,200 Midwest these days. It's like you go down there two 419 00:21:20,200 --> 00:21:22,840 to three nights, that's enough. Yes, thank you. 420 00:21:23,200 --> 00:21:25,960 And wait, isn't Nashville home of Hawk Tour? 421 00:21:28,480 --> 00:21:31,600 Yeah, dude, there's like a living legend over like she 422 00:21:31,600 --> 00:21:33,920 should speak at. She should speak at Bitcoin 423 00:21:33,920 --> 00:21:35,920 Nashville. She was on stage with the 424 00:21:35,920 --> 00:21:37,440 country, yes. I saw that. 425 00:21:38,080 --> 00:21:40,880 Yeah, she's not going down. On Barstool Sports and 426 00:21:40,880 --> 00:21:43,480 everything you know if anything she should be speaking at at A 427 00:21:43,480 --> 00:21:46,880 at at the Bitcoin conference someone get David Bailey on the 428 00:21:46,880 --> 00:21:51,160 line so we could get the hog to a girl at BTC Nashville OK we. 429 00:21:52,320 --> 00:21:55,360 Have to launch a room first. Yeah, fuck me, dude. 430 00:21:55,600 --> 00:21:58,680 How? Speaking of that, I have I, I, I 431 00:21:58,880 --> 00:22:00,840 the only thing I'm too scared to check is the press roots. 432 00:22:00,920 --> 00:22:02,560 I, I must say I looked at this morning. 433 00:22:02,560 --> 00:22:05,960 I took the time, caught up on all my work, all my emails, 434 00:22:06,160 --> 00:22:09,160 absolutely everything, all my positions. 435 00:22:09,440 --> 00:22:11,040 The only thing I've been looked at is runes. 436 00:22:11,600 --> 00:22:14,240 How are runes doing? They're all right. 437 00:22:14,240 --> 00:22:16,920 So like dog is the leader. It's at 620 million. 438 00:22:16,920 --> 00:22:21,040 So I mean, it's, it's down from from all time high, but it, it's 439 00:22:21,040 --> 00:22:26,400 still kind of consolidating puppets at 85,000,000. 440 00:22:26,400 --> 00:22:31,400 So those things got as low as 6. So they they're at least up off 441 00:22:31,400 --> 00:22:34,040 the the bottom. I think the RRSIC basically is 442 00:22:34,040 --> 00:22:36,480 continuing slow bleed. We need to hear something from 443 00:22:36,480 --> 00:22:39,200 that team or else it's going to continue this course. 444 00:22:39,200 --> 00:22:41,640 There's a couple new movers like this billion dollar cat token. 445 00:22:41,640 --> 00:22:43,640 It, it seems to be one of the new winners. 446 00:22:44,000 --> 00:22:48,400 It's up at 50 million. They're hanging in there. 447 00:22:48,400 --> 00:22:53,280 It's how I describe it. No, no explosive action, but 448 00:22:53,280 --> 00:22:58,080 they're not not doing too bad. I feel like similar with with 449 00:22:58,080 --> 00:23:00,800 the the ordinals, right. So like we're we're up off the 450 00:23:00,800 --> 00:23:04,800 bottom, like we pulled back a little bit here, but you know, 451 00:23:04,880 --> 00:23:08,120 consolidating perhaps ahead of a move up. 452 00:23:08,320 --> 00:23:10,440 We'll we'll we'll take it. It's better than red every 453 00:23:10,440 --> 00:23:15,440 single day. OK, listen, last week I checked 454 00:23:15,440 --> 00:23:18,040 price on pups every day. Even on the bounces on the 455 00:23:18,040 --> 00:23:21,120 majors, it kept going down and I was like, dude, what is going on 456 00:23:21,120 --> 00:23:22,680 here? I believed in you. 457 00:23:23,240 --> 00:23:27,040 I held on my back the entire times is the AirDrop and now 458 00:23:27,040 --> 00:23:31,080 it's back up to 87 mil. I'll take it pops to 13 billion. 459 00:23:31,280 --> 00:23:34,240 That's the prophecy. I will definitely be selling way 460 00:23:34,240 --> 00:23:36,800 before $13 billion here everybody don't worry. 461 00:23:37,320 --> 00:23:39,280 But you know that's the profits that I sold anyways. 462 00:23:39,400 --> 00:23:41,640 Look, I think we've gone around the block pretty well. 463 00:23:41,640 --> 00:23:45,400 We've talked about everything and anything we have Lukinet's 464 00:23:45,400 --> 00:23:46,920 on stage. Luca, are you joining us on 465 00:23:46,920 --> 00:23:48,520 video because I sent you the stream yard. 466 00:23:48,520 --> 00:23:50,680 But I don't know if you want. Would you rather just stick to 467 00:23:50,680 --> 00:23:55,120 audio? I was going to do video when you 468 00:23:55,440 --> 00:24:00,760 did me, but then I'm I'm kind of in my backyard doing my thing. 469 00:24:00,760 --> 00:24:03,240 So if you don't mind, I'd like to stay on audio if that's cool 470 00:24:03,240 --> 00:24:05,760 with you. Yeah, yeah, it's, it's up to 471 00:24:05,760 --> 00:24:07,200 you. It's just for the clips that we 472 00:24:07,200 --> 00:24:08,280 like the video and stuff like that. 473 00:24:08,280 --> 00:24:11,960 But definitely happy to happy to, to, to stick to audio if 474 00:24:11,960 --> 00:24:13,600 you're doing your thing. How's your backyard? 475 00:24:13,600 --> 00:24:15,520 Is it hot out? What's the weather like out 476 00:24:15,520 --> 00:24:19,320 there? It's like 80°, but man, you're, 477 00:24:19,320 --> 00:24:22,120 you're talking about clips. So you've got me, you've got my 478 00:24:22,120 --> 00:24:23,960 little marketing antennas. You just got that. 479 00:24:24,560 --> 00:24:27,360 Listen. I'm like, if I'm doing this I 480 00:24:27,360 --> 00:24:28,640 might as well get the clips out of it. 481 00:24:29,080 --> 00:24:31,760 You're going to get, you're going to get a lot of, not just 482 00:24:31,760 --> 00:24:33,480 one, you know, you're going to get a lot of it. 483 00:24:33,480 --> 00:24:35,080 You know you still got time to go inside. 484 00:24:36,120 --> 00:24:38,480 Oh man. I got it, We got it. 485 00:24:38,560 --> 00:24:40,360 We got it. We got it, we got it. 486 00:24:40,360 --> 00:24:45,640 Get your ass, get your ass inside, Lucanetz, get your ass 487 00:24:45,640 --> 00:24:48,960 inside. All right, in the meantime, 488 00:24:50,000 --> 00:24:52,360 let's let let's wait for for Luca to join us. 489 00:24:52,480 --> 00:24:54,360 See, we got it. We got it, ladies and gentlemen, 490 00:24:54,920 --> 00:24:56,960 Hefner said do this gardening, everybody. 491 00:24:57,120 --> 00:24:59,000 Why don't you write in the comments what you think Lucanetz 492 00:24:59,000 --> 00:25:02,160 is doing in his backyard and why don't you drop a little retweet 493 00:25:02,280 --> 00:25:04,440 while you're at it. We're live on YouTube for more 494 00:25:04,440 --> 00:25:06,240 our rug video YouTube. We're live, all of us on 495 00:25:06,240 --> 00:25:08,360 broadcast. We posted the video broadcast on 496 00:25:08,360 --> 00:25:10,120 Tyler's page for more Rs page and myself. 497 00:25:10,400 --> 00:25:13,520 While we're at it, may as well tell the people we had a little 498 00:25:13,520 --> 00:25:15,880 rebranding of Football Hour, which you may have noticed. 499 00:25:16,040 --> 00:25:17,760 There's our final rebranding. OK. 500 00:25:17,760 --> 00:25:20,480 We're doing rebranding, but we just felt like it needed a 501 00:25:20,480 --> 00:25:21,680 little. Something a little. 502 00:25:21,680 --> 00:25:25,000 More right, and that green color of money, you know, July going 503 00:25:25,000 --> 00:25:29,200 to be green, you know, so, so so no, you had to we had to get a 504 00:25:29,200 --> 00:25:31,840 different feel to it. You know, something that was 505 00:25:32,000 --> 00:25:34,720 that felt refreshing. It's going to be quite Speaking 506 00:25:34,720 --> 00:25:38,200 of July Q3, we got some big fucking things ahead. 507 00:25:38,320 --> 00:25:42,440 So definitely pay attention to what to what's coming up on our 508 00:25:42,440 --> 00:25:44,920 side of the pond here and let me see. 509 00:25:44,920 --> 00:25:49,240 So someone saying someone said, OK, he is gardening. 510 00:25:49,480 --> 00:25:51,400 Someone said Luca is drinking a beer. 511 00:25:51,800 --> 00:25:55,960 I don't think this trucker is a beer guy practicing corner hole. 512 00:25:56,560 --> 00:26:00,920 Someone say he's waddling on a on in Penguin. 513 00:26:01,280 --> 00:26:03,680 What else? What do you guys think Luca is 514 00:26:03,680 --> 00:26:06,400 doing in his backyard? I think he's tanning and taking 515 00:26:06,400 --> 00:26:08,760 spaces all day. That's why I think he's doing I 516 00:26:08,760 --> 00:26:11,320 think he's just like on the phone doing Twitter spaces all 517 00:26:11,320 --> 00:26:15,080 day long and just like, does that mean doing Twitter spaces 518 00:26:15,080 --> 00:26:19,280 all day long and and some someone's phone is that that's 519 00:26:19,280 --> 00:26:22,240 that can't be me right. I I hear a phone. 520 00:26:25,560 --> 00:26:28,160 Nope. OK, anyways, give it a sense. 521 00:26:28,160 --> 00:26:29,560 Someone said he walks back and forth. 522 00:26:30,000 --> 00:26:31,680 What's pee pee saying? It's so funny. 523 00:26:31,680 --> 00:26:33,480 He walks back and forth. That's his go to. 524 00:26:33,680 --> 00:26:36,480 Yeah, I know. I I until we had the whole show 525 00:26:36,480 --> 00:26:39,200 set up like sitting down. I used to do it. 526 00:26:39,200 --> 00:26:41,720 I would do. I know once in a 10,000 steps in 527 00:26:41,720 --> 00:26:45,040 one show. Yeah, shit's crazy. 528 00:26:45,760 --> 00:26:49,120 And there he is, the man, the myth himself. 529 00:26:50,800 --> 00:26:52,080 What's up? Look at how you doing. 530 00:26:52,480 --> 00:26:53,760 I'm doing good. How are you doing? 531 00:26:54,440 --> 00:26:56,360 We're vibing, dude. We're, we're, we're vibing. 532 00:26:56,440 --> 00:26:59,040 We're back, we're back at work, We're back at the desk. 533 00:26:59,040 --> 00:27:02,040 You know, we're back at the show after a little bit of time off, 534 00:27:02,520 --> 00:27:05,960 but we're here, you know, we're, we're chilling and definitely 535 00:27:05,960 --> 00:27:08,040 came back to your news. So love to see that. 536 00:27:08,720 --> 00:27:11,160 I I appreciate it and no, no beer. 537 00:27:11,160 --> 00:27:14,120 I don't drink alcohol. I actually love pacing in the 538 00:27:14,120 --> 00:27:15,600 backyard. There's something that was like 539 00:27:15,600 --> 00:27:19,360 a scientific thing if, if those of you are not familiar, but you 540 00:27:19,360 --> 00:27:22,880 know, feet on Earth is energizing, believe it or not, 541 00:27:22,880 --> 00:27:26,600 scientifically proven. So going in the grass, pacing 542 00:27:26,600 --> 00:27:30,480 back and forth gets me, gets me, gets the chatterbox going. 543 00:27:31,360 --> 00:27:33,120 Yeah, no, I, I feel that. Yeah. 544 00:27:33,120 --> 00:27:35,120 It's called earthing. I think that's what they call 545 00:27:35,120 --> 00:27:36,400 it. Know a lot of people that are 546 00:27:36,440 --> 00:27:39,640 big into that and walking bad. But anyways, Tyler, I'm actually 547 00:27:39,640 --> 00:27:41,160 going to kick it to you because look, we can provide some 548 00:27:41,160 --> 00:27:43,040 questions for you. I know you got a lot of stuff 549 00:27:43,040 --> 00:27:44,600 going on. Can't wait to go back and forth. 550 00:27:44,840 --> 00:27:47,360 I saw your last interview, lot of thoughts and opinions on the 551 00:27:47,360 --> 00:27:50,440 timeline about about some clips that you posted. 552 00:27:50,440 --> 00:27:53,680 So Tyler, let me kick it to you and let's get this going. 553 00:27:54,720 --> 00:27:57,360 Yeah, we, I think we buried arguably the biggest headline of 554 00:27:57,360 --> 00:28:00,200 this past weekend and that's the pudgy Penguin Parent company 555 00:28:00,480 --> 00:28:05,640 Igloo has acquired frame to build out an L2 called abstract. 556 00:28:05,640 --> 00:28:08,840 It's going to be abstract chain meant for and I'm quoting here, 557 00:28:08,840 --> 00:28:12,200 consumer crypto pioneering culture, community and 558 00:28:12,200 --> 00:28:16,040 creativity on chain. So it's blockbuster news. 559 00:28:16,040 --> 00:28:18,040 We've already seen the markets respond. 560 00:28:18,640 --> 00:28:20,880 Instead of guessing what this means, we just want to find out 561 00:28:20,880 --> 00:28:23,120 here first hand. I think my, my first question 562 00:28:23,120 --> 00:28:26,720 for you here, Luca is like when did, when did this light bulb go 563 00:28:26,720 --> 00:28:29,040 off? Like when did you know you 564 00:28:29,040 --> 00:28:33,080 wanted to to build an L2? And then the second part of the 565 00:28:33,080 --> 00:28:37,040 question, why? I think sometime in November, we 566 00:28:37,040 --> 00:28:41,520 realized that we needed to be able to make tweaks to the 567 00:28:41,520 --> 00:28:43,600 actual infrastructure in which some of our products were 568 00:28:43,600 --> 00:28:45,960 living. The elephant in the room though 569 00:28:45,960 --> 00:28:49,760 is like we didn't want to embark on this journey, you know, 570 00:28:50,040 --> 00:28:54,080 ourselves, you know, to be frank, you don't want me 571 00:28:54,080 --> 00:28:56,320 building a, a blockchain by myself. 572 00:28:56,320 --> 00:28:58,800 I don't think that would be the the best use of our talents. 573 00:28:59,320 --> 00:29:02,200 Ultimately it came down to a dinner that I had with Sagar 574 00:29:02,280 --> 00:29:04,360 sometime shortly after in which we kind of just had the 575 00:29:04,360 --> 00:29:07,320 discussion where was like, look, these guys are technical 576 00:29:07,320 --> 00:29:09,160 builders. They build blockchains and and 577 00:29:09,160 --> 00:29:10,840 products on chain with the best of them. 578 00:29:11,200 --> 00:29:15,480 And we build community culture and know how to find 579 00:29:16,080 --> 00:29:18,560 distribution and product market fit in a way that I think is 580 00:29:18,560 --> 00:29:21,240 hyper unique. And so if you take the two, the 581 00:29:21,240 --> 00:29:23,840 two sides of the pendulum and what and what they're really 582 00:29:23,840 --> 00:29:26,160 good at and what we're really good at, it seems like a a match 583 00:29:26,160 --> 00:29:28,960 made in heaven. And ultimately I'd had a had to 584 00:29:28,960 --> 00:29:30,920 have a lot of discussions internally with the team. 585 00:29:31,360 --> 00:29:33,400 It's really important for us. And when we made this decision, 586 00:29:33,400 --> 00:29:35,280 we were confident that we weren't just going to be another 587 00:29:35,280 --> 00:29:38,760 L2, you know, amongst all the other L twos, but that we were 588 00:29:38,760 --> 00:29:40,720 going to build this in the same cadence that we built Pudgy 589 00:29:40,720 --> 00:29:43,680 Penguins, which is, you know, we bought Pudgy Penguins because we 590 00:29:43,680 --> 00:29:45,840 believe we could be the number one NFT project in the world. 591 00:29:46,120 --> 00:29:48,280 And we're building abstract because we believe we can be the 592 00:29:48,280 --> 00:29:50,600 number one L2 in the world. And so the thesis had to remain 593 00:29:50,600 --> 00:29:54,400 true. And we feel like up until this 594 00:29:54,400 --> 00:29:58,200 point, we've shown our, we, we've proven ourselves to the 595 00:29:58,200 --> 00:30:00,720 greater Web 3 and crypto landscape that we know how to 596 00:30:00,720 --> 00:30:03,080 build community, we know how to build culture, and we know how 597 00:30:03,080 --> 00:30:05,640 to bring eyeballs to the products that we're building 598 00:30:05,640 --> 00:30:07,720 both within the crypto sphere and outside of it. 599 00:30:08,240 --> 00:30:11,680 And, you know, pairing that with SIGAR and their technical 600 00:30:11,680 --> 00:30:14,760 expertise and, and their ability to, you know, not only, you 601 00:30:14,760 --> 00:30:17,720 know, build amazing technical products, but also to speak to a 602 00:30:17,720 --> 00:30:20,520 lot of those builders, I think really put us in a in a position 603 00:30:20,520 --> 00:30:22,960 where this made sense. And so ultimately, it was always 604 00:30:22,960 --> 00:30:24,960 at some point in the road map, something that we were going to 605 00:30:24,960 --> 00:30:27,000 do. It just happened to have this 606 00:30:27,000 --> 00:30:30,800 universal alignment where we kind of cross paths in the midst 607 00:30:30,800 --> 00:30:33,600 of us and our frustrations with, with what we were dealing with, 608 00:30:34,240 --> 00:30:36,560 as well as, you know, his frustrations with what he was 609 00:30:36,560 --> 00:30:37,920 dealing with. And so we felt like we really 610 00:30:37,920 --> 00:30:39,800 complemented each other in a really meaningful way. 611 00:30:40,440 --> 00:30:44,560 And here we are today. It's great. 612 00:30:45,080 --> 00:30:49,080 I, I want to come back to what you mentioned about wanting to, 613 00:30:49,360 --> 00:30:52,280 to become the biggest L2 here later on 'cause I want to know 614 00:30:52,280 --> 00:30:55,800 more about what that means, but perhaps let's dive into consumer 615 00:30:55,800 --> 00:30:59,280 crypto a little bit. I think that's the, the big part 616 00:30:59,280 --> 00:31:02,160 of the headline that is attracting folks gathering 617 00:31:02,160 --> 00:31:04,680 speculation. What does it mean? 618 00:31:04,680 --> 00:31:08,000 So like what does consumer crypto mean to you and and how 619 00:31:08,000 --> 00:31:11,920 does abstract help? Yeah, I think from a from a 620 00:31:11,920 --> 00:31:13,880 consumer crypto perspective, I think this is something that 621 00:31:13,880 --> 00:31:17,200 Pudgy Penguins at its core has been the face of or been one of 622 00:31:17,200 --> 00:31:19,240 the faces of over the last couple of years. 623 00:31:19,600 --> 00:31:23,480 It's this concept of, you know, consumers coming on chain, not 624 00:31:23,840 --> 00:31:28,680 based on the idea of making money or losing money, but using 625 00:31:28,680 --> 00:31:31,720 blockchain because it's a better value proposition than current 626 00:31:31,720 --> 00:31:33,560 web two products that they're using today. 627 00:31:33,880 --> 00:31:36,320 And so I think there's this like a core problem that whether we 628 00:31:36,320 --> 00:31:39,320 like it or not, you know, crypto by nature is hyper 629 00:31:39,320 --> 00:31:41,440 financialized. But for every million people 630 00:31:41,440 --> 00:31:45,440 that come into the space, about 950,000 people end up losing and 631 00:31:45,440 --> 00:31:47,920 not wanting to come back. And then about 50,000 stay and 632 00:31:47,920 --> 00:31:50,360 then, you know, participate in the cycles, you know, to come. 633 00:31:50,440 --> 00:31:53,640 If you're looking at from like a 1,000,000 a per one million 634 00:31:54,440 --> 00:31:57,960 person basis and ultimately like that is a handicap. 635 00:31:58,000 --> 00:32:00,520 I think in terms of the growth of where I think crypto can go, 636 00:32:01,080 --> 00:32:03,840 I actually believe blockchain solves problems that are a lot 637 00:32:03,840 --> 00:32:06,160 greater. And you know, the idea of, you 638 00:32:06,160 --> 00:32:10,920 know, becoming financially independent by either trading or 639 00:32:10,920 --> 00:32:14,720 or gambling on chain through this borderless economy that is 640 00:32:14,720 --> 00:32:17,200 super lucrative and and fun to use. 641 00:32:17,480 --> 00:32:20,200 But I actually think if, if that remains the case, then we're 642 00:32:20,200 --> 00:32:24,320 going to put a ceiling on to how far I think a lot of this stuff 643 00:32:24,320 --> 00:32:26,000 can go. And So what I mean by that is, 644 00:32:26,240 --> 00:32:30,160 you know, the, the Tam for financial freedom amongst people 645 00:32:30,160 --> 00:32:33,080 in the world and, and the ability and the desire to gamble 646 00:32:33,680 --> 00:32:37,480 is probably 10 to 15 trillion. But the idea of blockchain 647 00:32:37,480 --> 00:32:40,960 powering economies and being the future of economies is 100 and 648 00:32:40,960 --> 00:32:44,200 to 150 trillion. The difference is is, you know, 649 00:32:44,200 --> 00:32:47,200 to power economies and to be an economy, you need users and you 650 00:32:47,200 --> 00:32:50,440 need people using it for reasons that I think are bigger than 651 00:32:50,440 --> 00:32:52,360 just price going up and price going down. 652 00:32:52,960 --> 00:32:56,560 And this is really where I think the new era of crypto has kind 653 00:32:56,560 --> 00:33:00,840 of we've kind of entered here is you have about I think five to 654 00:33:00,840 --> 00:33:05,160 six to seven years to create products that are powering, you 655 00:33:05,160 --> 00:33:07,920 know, real things that are not predicated on the hyper 656 00:33:07,920 --> 00:33:09,680 financialization of tokenization. 657 00:33:10,360 --> 00:33:13,200 And that is going to be predicated on who is going to be 658 00:33:13,200 --> 00:33:16,400 able to open up the doors, what I call consumer crypto, which is 659 00:33:16,600 --> 00:33:18,880 blockchain powering the back end, not the front end. 660 00:33:18,880 --> 00:33:21,160 It is not the value proposition or the reason why people are 661 00:33:21,160 --> 00:33:23,880 coming. It's just a better use and way 662 00:33:23,880 --> 00:33:27,480 for people to build that unlocks a slew of different pros that 663 00:33:27,480 --> 00:33:29,760 building, you know, in a centralized web two manner 664 00:33:30,200 --> 00:33:32,760 simply doesn't have. And so I think for us, this 665 00:33:32,760 --> 00:33:35,360 consumer crypto revolution is how do you bring people on chain 666 00:33:35,360 --> 00:33:36,880 and how do you bring them on the right way? 667 00:33:37,200 --> 00:33:40,840 And how do you create an ecosystem that is bigger than I 668 00:33:40,840 --> 00:33:43,280 think what the current narratives is today, which is, 669 00:33:43,280 --> 00:33:46,440 you know, PVPI make money, you lose money and, and somebody's 670 00:33:46,440 --> 00:33:47,600 at the end other end of the stick. 671 00:33:48,280 --> 00:33:50,800 And, and that's what I think we the, the, the chapter that we 672 00:33:50,800 --> 00:33:54,800 have to enter here for us to all, you know, create an 673 00:33:54,800 --> 00:33:57,120 industry that I think has endless upside for years to 674 00:33:57,120 --> 00:33:58,480 come. I mean, there'll always be 675 00:33:58,480 --> 00:34:00,080 opportunity. I think that will never leave 676 00:34:00,080 --> 00:34:02,840 just the nature of of the space and the nature of the mechanisms 677 00:34:02,840 --> 00:34:05,560 that kind of present itself. But we got to think bigger. 678 00:34:05,560 --> 00:34:08,280 We got to, we got to want more than what we currently have. 679 00:34:08,800 --> 00:34:11,440 And that, I think starts and stops with our ability to bring 680 00:34:11,440 --> 00:34:14,920 consumers on chain. Do you think that just on that 681 00:34:14,920 --> 00:34:18,360 real quick, do you think that by making your own L2 cause of 682 00:34:18,360 --> 00:34:20,280 course, that's the first criticism that you face when you 683 00:34:20,280 --> 00:34:22,679 announce your L2, right? Like do you think about by 684 00:34:23,159 --> 00:34:28,679 fragmenting that into your own L2 is the way to, to build what 685 00:34:28,679 --> 00:34:30,080 you're talking about? Like, what do you, what do you 686 00:34:30,080 --> 00:34:31,760 make of that criticism that people have kind of thrown 687 00:34:31,760 --> 00:34:33,080 around the timeline? Yeah, I think. 688 00:34:33,080 --> 00:34:35,719 I think it's fragmentation if you lose, right? 689 00:34:35,719 --> 00:34:37,880 But if you win, it's not fragmentation, right? 690 00:34:37,880 --> 00:34:40,840 And so this is, this is ultimately the decision and the 691 00:34:40,840 --> 00:34:42,920 debate that we had internally. It's like, do we actually 692 00:34:42,920 --> 00:34:44,320 believe we're going to come in here and win? 693 00:34:44,480 --> 00:34:46,600 Because I think the journey that Pudgy Penguins is on and, and 694 00:34:46,600 --> 00:34:48,880 that the Igloo Company has ultimately built over the last 2 695 00:34:48,880 --> 00:34:51,040 1/2 years, I think it's, it's preordained. 696 00:34:51,159 --> 00:34:52,840 You know, you see where we're going. 697 00:34:53,320 --> 00:34:55,719 We're, we're succeeding in the verticals that we're pursuing. 698 00:34:56,239 --> 00:34:58,760 And, and, and the path to greatness there is, is 699 00:34:58,760 --> 00:35:01,680 ultimately really clear. I think at some point on that 700 00:35:01,680 --> 00:35:04,400 path, you're going to see bottlenecks in terms of us not 701 00:35:04,400 --> 00:35:06,400 being able to really opt optimize for the things that I 702 00:35:06,400 --> 00:35:08,760 think are most advantageous for consumer products. 703 00:35:09,120 --> 00:35:12,800 And I think nobody is really speaking to that one subsection 704 00:35:12,800 --> 00:35:14,880 of builders that is purely consumer. 705 00:35:15,080 --> 00:35:16,960 You know, at the end of the day, you can deploy what you want on 706 00:35:16,960 --> 00:35:19,960 our chain, you know, open, you know, we're, we're opening our 707 00:35:19,960 --> 00:35:22,480 arms for people that are, you know, building D5 products and 708 00:35:22,480 --> 00:35:24,440 and other different categories within the industry. 709 00:35:24,680 --> 00:35:27,160 But we really think we can support and help builders 710 00:35:27,400 --> 00:35:29,800 building for consumer in a way that no other chain can. 711 00:35:30,160 --> 00:35:32,720 And so there's really like 2 fundamental principles behind, 712 00:35:32,920 --> 00:35:35,480 you know, why we decided to do this and not build on, on 713 00:35:35,480 --> 00:35:38,080 somebody else's stack. I think first and foremost is, 714 00:35:38,280 --> 00:35:41,440 again, I, I think you'd be hard pressed to find an L2 team that 715 00:35:41,440 --> 00:35:44,480 can speak and help builders find consumer product market fit the 716 00:35:44,480 --> 00:35:46,360 way that we can. And I think this is a natural 717 00:35:46,360 --> 00:35:49,200 edge that we have and ultimately a, a place that I think we can 718 00:35:49,200 --> 00:35:52,040 support the entire industry. And, and to be frank, like I 719 00:35:52,040 --> 00:35:54,840 have no interest in, in building on another chain than helping 720 00:35:54,840 --> 00:35:56,760 all the builders on that chain, you know, find product market 721 00:35:56,760 --> 00:35:57,960 fit. There's just no alignment in 722 00:35:57,960 --> 00:36:01,360 that respect on the other side of it, it just comes down to, 723 00:36:01,560 --> 00:36:03,760 you know, mutually beneficial relationships and things that 724 00:36:03,760 --> 00:36:06,760 just make sense for the company. I think today crypto has entered 725 00:36:06,760 --> 00:36:09,960 a new era, which is less predicated on technical 726 00:36:09,960 --> 00:36:13,080 innovation and more predicated on the three pillars that I 727 00:36:13,080 --> 00:36:15,160 referenced as community, culture and distribution. 728 00:36:15,520 --> 00:36:18,120 These today are the X factors. I think if you, if you 729 00:36:18,120 --> 00:36:20,600 understand the L2 landscape, you can actually spin up an L2 730 00:36:20,600 --> 00:36:22,840 within 24 hours. Believe it or not, it's not 731 00:36:22,840 --> 00:36:25,640 rocket science the way that it was maybe two years ago. 732 00:36:25,880 --> 00:36:29,920 And So what is the edge case here in an industry and a 733 00:36:29,920 --> 00:36:32,200 category that is becoming extremely productized? 734 00:36:32,200 --> 00:36:34,640 It's going to be the people that can bring community, culture and 735 00:36:34,640 --> 00:36:37,360 distribution to that chain. And I think we can do that one 736 00:36:37,360 --> 00:36:39,600 with our native ecosystem and the ecosystem that we already 737 00:36:39,600 --> 00:36:41,440 built. But I also think we can, you 738 00:36:41,440 --> 00:36:43,560 know, provide a huge helping hand for others to kind of build 739 00:36:43,560 --> 00:36:44,760 in that same cadence that we've built. 740 00:36:44,760 --> 00:36:47,400 Pudgy And so if you're just kind of looking at the landscape, I 741 00:36:47,400 --> 00:36:49,760 think, you know, mutually beneficial relationships is, is 742 00:36:49,760 --> 00:36:52,680 a huge pillar of it and and being able to, you know, have a 743 00:36:52,680 --> 00:36:55,280 huge exchange of value. That makes sense right now, if I 744 00:36:55,280 --> 00:36:58,280 were to build on another tech stack, that exchange of value is 745 00:36:58,280 --> 00:37:01,720 not, it is not a, a fair exchange in my opinion. 746 00:37:01,720 --> 00:37:04,560 I think I'm bringing, if I were to build on an L2, I'm bringing 747 00:37:04,560 --> 00:37:07,880 hundreds of millions of dollars in value to that L2 over the 748 00:37:07,880 --> 00:37:11,240 course of time. And in exchange, they're giving 749 00:37:11,240 --> 00:37:15,840 me, you know, maybe some grants, you know, maybe some Technical 750 00:37:15,840 --> 00:37:17,400 Support. But I don't think that value 751 00:37:17,400 --> 00:37:19,080 exchange is quite fair in my opinion. 752 00:37:19,640 --> 00:37:23,760 And on the other side of it, you have a opportunity to actually 753 00:37:23,760 --> 00:37:27,320 win something that I think is still open to be one, right? 754 00:37:27,320 --> 00:37:31,000 And I think if we can win the race that is the L2 race, or at 755 00:37:31,000 --> 00:37:33,880 least be, you know, one of the top three or five competitors in 756 00:37:33,880 --> 00:37:36,760 the space, which I think we're extremely confident that we can 757 00:37:36,760 --> 00:37:39,080 be. Ultimately, I think that opens 758 00:37:39,080 --> 00:37:41,280 up the floodgates to our ecosystem, into our holders, 759 00:37:41,280 --> 00:37:43,560 into our greater community in a way that I think just wasn't 760 00:37:43,560 --> 00:37:45,560 prevalent before. You know, you have to live in 761 00:37:45,560 --> 00:37:47,960 your reality. The reality is, is, you know, we 762 00:37:47,960 --> 00:37:53,320 are in a market that, you know, has huge opportunity costs and 763 00:37:53,320 --> 00:37:55,840 you have to provide a compelling narrative for your community and 764 00:37:55,840 --> 00:37:58,240 your ecosystem on how you're going to grow this thing to be, 765 00:37:58,440 --> 00:38:00,880 you know, an end to end user experience and something that 766 00:38:00,880 --> 00:38:04,720 has tremendous value or, or future value over the course of 767 00:38:04,720 --> 00:38:06,600 time. And, and I think if you're just 768 00:38:06,600 --> 00:38:09,200 looking at all the pain points that we had at Pudgy from, you 769 00:38:09,200 --> 00:38:12,280 know, little tweaks on infrastructural lows that we, 770 00:38:12,280 --> 00:38:15,240 we, we would love to implement to, you know, the growth of the 771 00:38:15,240 --> 00:38:17,880 ecosystem to being able to leverage what we've been able to 772 00:38:17,880 --> 00:38:20,720 build over the last 2 1/2 years. I think this solves kind of all 773 00:38:20,720 --> 00:38:23,160 the problems that we had in front of us and also presents a 774 00:38:23,160 --> 00:38:25,800 huge slew of opportunities that I think currently wasn't present 775 00:38:25,800 --> 00:38:29,040 without this acquisition. So you mentioned that the 776 00:38:29,040 --> 00:38:31,360 compelling narrative for Pudgies and I think you've, you've 777 00:38:31,360 --> 00:38:35,440 proven that in spades. What's the compelling narrative 778 00:38:35,440 --> 00:38:39,400 for builders to come build on? Abstract What's what's the sales 779 00:38:39,400 --> 00:38:42,440 pitch to to get others to come build in this ecosystem? 780 00:38:42,880 --> 00:38:44,320 Yeah. So I think over the next couple 781 00:38:44,320 --> 00:38:45,880 of months you're going to see a couple things. 782 00:38:45,880 --> 00:38:48,960 I think one is this reworking of these incentive mechanisms that 783 00:38:48,960 --> 00:38:50,600 I think is just going to be better than anything we've seen 784 00:38:50,600 --> 00:38:52,880 out there. I think a second one is our 785 00:38:52,880 --> 00:38:58,440 ability to actually help users find product market fit and and 786 00:38:58,440 --> 00:39:01,480 galvanized, you know, people to use their applications in a way 787 00:39:01,480 --> 00:39:03,840 that I think is really unique. You know, our skill set, 788 00:39:03,840 --> 00:39:06,320 obviously you know, people have been able to see a subsection of 789 00:39:06,320 --> 00:39:07,880 it of of what we've been able to do at Pudgy. 790 00:39:07,880 --> 00:39:09,840 But you know, to be frank, there's been a little bit of a 791 00:39:09,840 --> 00:39:12,080 handicap because there's only so many things that you can do 792 00:39:12,240 --> 00:39:15,800 around an NF and around an IP in terms of, you know, how you 793 00:39:15,800 --> 00:39:18,080 actually go to market and attract people. 794 00:39:18,680 --> 00:39:21,360 You know, our team is actually built and comprised of of a 795 00:39:21,360 --> 00:39:24,000 couple people that I think have done really amazing things in 796 00:39:24,000 --> 00:39:27,320 the web two world. And it's something that from, 797 00:39:27,320 --> 00:39:30,560 from my perspective, we have a finger on the pulse in terms of 798 00:39:30,560 --> 00:39:33,760 helping people find product market fit to mass market 799 00:39:33,760 --> 00:39:36,040 consumers, whether they're crypto curious or non crypto 800 00:39:36,040 --> 00:39:39,120 native in a way that I think is super competitive to the rest. 801 00:39:39,640 --> 00:39:41,760 And then ultimately, I, I think there's something to be said 802 00:39:41,760 --> 00:39:45,960 about, you know, we have built a, a vertical integration in a 803 00:39:45,960 --> 00:39:49,160 way that I think is super unique to a majority of L twos. 804 00:39:49,160 --> 00:39:51,920 A majority of L twos have really only been building horizontally, 805 00:39:51,920 --> 00:39:53,880 meaning, you know, the infrastructure layer for others 806 00:39:53,880 --> 00:39:55,800 built on top of. But I think if you look at Pudgy 807 00:39:55,800 --> 00:39:58,200 Penguin's ecosystem, we've actually created, you know, 808 00:39:58,200 --> 00:40:01,840 multiple examples within our journey of, of what you could 809 00:40:01,840 --> 00:40:04,760 build on top of these chains. And rather than just telling 810 00:40:04,760 --> 00:40:07,480 people to go build themselves, we're also leading by example. 811 00:40:07,720 --> 00:40:09,560 And so, you know, I think this would give us like a. 812 00:40:09,760 --> 00:40:13,640 A slew of edges across multiple different facets that I think 813 00:40:13,760 --> 00:40:17,400 creates a compelling case when you're looking at what builders 814 00:40:17,400 --> 00:40:21,600 want above all else, they want users, and what do users want 815 00:40:21,600 --> 00:40:25,040 above all else? They want cool products for that 816 00:40:25,040 --> 00:40:28,880 that that they can use. And I think amongst our two 817 00:40:28,880 --> 00:40:32,600 teams and our expertise, I think we'll be able to cater to both 818 00:40:32,600 --> 00:40:36,880 of those needs pretty easily. Do you have an idea for what? 819 00:40:36,880 --> 00:40:40,840 What kind of apps and products users can't expect? 820 00:40:40,880 --> 00:40:44,080 Or are we in the too early stages to to start thinking 821 00:40:44,080 --> 00:40:46,120 through that? I I'm just more like personally 822 00:40:46,120 --> 00:40:48,920 curious. Yeah, again, it, it, it's, it's 823 00:40:48,920 --> 00:40:50,800 all things consumer. And so I think consumer can be 824 00:40:50,800 --> 00:40:51,960 defined in a lot of different ways. 825 00:40:51,960 --> 00:40:55,320 I think actually NF TS are, are, are great consumer mechanism. 826 00:40:55,520 --> 00:40:58,840 I, I, I wrote a whole sub stack on culture coins and the 827 00:40:58,880 --> 00:41:01,640 tokenization of culture. And I'm a huge believer that 828 00:41:01,800 --> 00:41:04,920 whether it's a meme coin or an IP token or a consumer brand 829 00:41:04,920 --> 00:41:08,000 token, or however you want to phrase it in, in the subsection 830 00:41:08,040 --> 00:41:11,000 of categories under these culture tokens, I think we can 831 00:41:11,000 --> 00:41:14,200 be a huge support there. Obviously consumer applications, 832 00:41:14,200 --> 00:41:17,120 whether they're financial applications or social networks, 833 00:41:17,320 --> 00:41:19,480 Again, you know, what do all of these things need? 834 00:41:20,040 --> 00:41:23,120 If you're, if you're an NFT, if you're, if you're a meme, you 835 00:41:23,120 --> 00:41:24,760 want to proliferate, you want eyeballs. 836 00:41:24,760 --> 00:41:26,800 I think we've shown to the world that we know how to do that with 837 00:41:26,800 --> 00:41:29,400 the best of them. If you're a consumer 838 00:41:29,400 --> 00:41:33,920 application, whether it's a, you know, new social network or a 839 00:41:34,080 --> 00:41:38,480 new financialized, you know, mechanism to maybe transact or 840 00:41:38,480 --> 00:41:41,200 to interact with, you know, certain consumer products. 841 00:41:41,720 --> 00:41:45,840 I, I, I think if it falls into the category of consumer crypto 842 00:41:45,840 --> 00:41:48,840 and is targeting towards not the, you know, couple thousand 843 00:41:48,840 --> 00:41:53,040 power users that we have today, but for the masses, I think we 844 00:41:53,040 --> 00:41:55,600 have a lot of really interesting insights and can support you in 845 00:41:55,600 --> 00:41:58,280 a really meaningful way. And so I think it's anything 846 00:41:58,280 --> 00:42:00,840 that can go outside of our ecosystem, outside of our bubble 847 00:42:00,840 --> 00:42:03,880 that can reach, you know, regular people doing regular 848 00:42:03,880 --> 00:42:06,560 things. I think ultimately that that 849 00:42:06,560 --> 00:42:08,480 that's just the barrier that needs to be broken. 850 00:42:08,480 --> 00:42:11,480 And, and ultimately, I think we're we're the team that's I 851 00:42:11,480 --> 00:42:14,080 think best position to to help support builders break that 852 00:42:14,080 --> 00:42:16,600 barrier. So anything and everything 853 00:42:16,600 --> 00:42:19,280 consumer and we're to find that in one sentence, I think it 854 00:42:19,280 --> 00:42:23,280 would be you know products and applications that appeal to 855 00:42:23,880 --> 00:42:27,520 people outside of this small hyper financialized bubble in 856 00:42:27,520 --> 00:42:30,160 which we currently live. So what's the, what's the 857 00:42:30,160 --> 00:42:33,800 timeline like? Obviously not to make you like 858 00:42:34,640 --> 00:42:37,680 say things that you can't like here on on on live on the air, 859 00:42:37,880 --> 00:42:40,480 though that would be cool. But but what's the what's the 860 00:42:40,480 --> 00:42:43,320 timeline like for abstract? You just announced everything 861 00:42:43,680 --> 00:42:45,000 you want these consumer crypto apps. 862 00:42:45,000 --> 00:42:49,040 I actually obviously like we're building consumer crypto app on 863 00:42:49,040 --> 00:42:50,480 our end. So it's like I'm obviously turbo 864 00:42:50,480 --> 00:42:52,640 bullish on that. I do think we have too much 865 00:42:52,640 --> 00:42:54,200 infrastructure and not enough apps. 866 00:42:54,200 --> 00:42:56,440 So you're but you're building like the infrastructure for 867 00:42:56,440 --> 00:42:58,000 those apps and then you're going to push those apps. 868 00:42:58,000 --> 00:43:00,520 So I think it's pretty cool. Get the dog in, get the dog in. 869 00:43:00,520 --> 00:43:02,680 He wants to talk. He definitely wants to he wants 870 00:43:02,680 --> 00:43:07,240 to chime in, but but you know, I think I think that's great. 871 00:43:07,240 --> 00:43:10,080 So I'm super bullish on like the consumer crypto apps part 872 00:43:10,080 --> 00:43:12,880 because I saw a tweet I think from Evans a few weeks ago was 873 00:43:12,880 --> 00:43:15,360 like, we have too many layers now and too many people tripping 874 00:43:15,360 --> 00:43:16,920 infra, but we're missing this stuff, right? 875 00:43:16,920 --> 00:43:19,480 Obviously big fun with polling markets has done so far through 876 00:43:19,480 --> 00:43:22,640 the whole election cycle. Fan of fantasy top. 877 00:43:22,640 --> 00:43:23,840 We love playing the game on here. 878 00:43:23,880 --> 00:43:26,240 Hopefully like they'll be able to continue momentum now that 879 00:43:26,240 --> 00:43:29,680 the blast you know, AirDrop has happened, yadda yadda, and 880 00:43:29,680 --> 00:43:30,840 hopefully doesn't get more to come. 881 00:43:30,840 --> 00:43:33,520 Obviously final forecaster warp casts like you know, and what's 882 00:43:33,520 --> 00:43:35,880 gonna happen there Blanks with Solana, like a lot of really 883 00:43:35,880 --> 00:43:37,600 cool shit is finally starting to come out. 884 00:43:37,840 --> 00:43:40,600 What what's your timeline looking like to to to be able to 885 00:43:40,600 --> 00:43:43,320 push? Not the actual L2 itself, but 886 00:43:43,320 --> 00:43:47,560 like those ABS out? Yeah, I, I think, well, I think 887 00:43:47,560 --> 00:43:49,480 it probably starts with the L2 itself. 888 00:43:49,760 --> 00:43:53,240 So test net will be live. You know, the tentative date 889 00:43:53,240 --> 00:43:56,000 right now is July 8th, so probably July 8th, 9th or 10th. 890 00:43:56,640 --> 00:43:58,560 And this is really where I think the floodgates are going to be 891 00:43:58,560 --> 00:44:00,560 in the open and where we really going to start, you know, 892 00:44:00,560 --> 00:44:01,880 getting builders to start building. 893 00:44:02,160 --> 00:44:05,160 And so, you know, I think from, from our perspective, I think, I 894 00:44:05,160 --> 00:44:09,760 think a huge part of, of building a chain is it your, 895 00:44:09,760 --> 00:44:12,200 your chain is only as good as the applications built on top of 896 00:44:12,200 --> 00:44:13,480 it. And, and this is where we want 897 00:44:13,480 --> 00:44:14,800 to spend the majority of our time. 898 00:44:15,000 --> 00:44:17,160 You know, one thing that I think we've shown over the last couple 899 00:44:17,160 --> 00:44:19,440 of years is we know how to hustle and we also know how to 900 00:44:19,440 --> 00:44:21,800 build relationships. And so, you know, really going 901 00:44:21,800 --> 00:44:24,600 out in the trench and getting, you know, really down and dirty 902 00:44:24,600 --> 00:44:26,920 with a lot of these builders and, and just, you know, one, 903 00:44:26,920 --> 00:44:29,440 convincing them that I think this is the right place to build 904 00:44:29,440 --> 00:44:31,520 and making sure that they have the right support from a 905 00:44:31,520 --> 00:44:34,880 technical perspective, whether it's the right integrations and, 906 00:44:34,880 --> 00:44:36,720 and just the right infrastructure to kind of build 907 00:44:36,720 --> 00:44:39,600 on top of it. But this is a game of how, how 908 00:44:39,600 --> 00:44:41,800 many builders can you get to build on your chain and how many 909 00:44:41,800 --> 00:44:43,280 good products can you get to build there? 910 00:44:43,520 --> 00:44:46,120 And, and we're actually looking to support and making a lot of 911 00:44:46,120 --> 00:44:48,240 these things easy. The the beauty of some of the 912 00:44:48,240 --> 00:44:50,760 people on our team is, you know, Peter owned a design agency for 913 00:44:50,760 --> 00:44:52,960 five years. We've kind of Aqua hired that 914 00:44:52,960 --> 00:44:54,360 design agency. And so they've kind of been 915 00:44:54,360 --> 00:44:56,640 brought in in house. You know, he probably has, you 916 00:44:56,640 --> 00:44:58,760 know, 30 different templates that he can give builders that 917 00:44:58,760 --> 00:45:01,320 can just immediately, immediately expedite the 918 00:45:01,320 --> 00:45:05,040 creative and, and interface and user experience process it. 919 00:45:05,040 --> 00:45:08,720 It's not going to be as, as granular as, you know, A + B = C 920 00:45:09,160 --> 00:45:12,280 There's obviously going to be a lot of, you know, going back and 921 00:45:12,280 --> 00:45:14,000 forth and, and getting in the weeds with people. 922 00:45:14,000 --> 00:45:16,920 But I think it really starts on the launch of test net. 923 00:45:16,920 --> 00:45:19,000 So people can really actually start building on top of the 924 00:45:19,000 --> 00:45:22,240 infrastructure shortly after we kind of plan on releasing main 925 00:45:22,240 --> 00:45:24,800 net and after we've given people a couple months to kind of build 926 00:45:24,880 --> 00:45:26,360 the right applications on test net. 927 00:45:27,080 --> 00:45:31,080 But, you know, I, I, I can't, I can't control necessarily what 928 00:45:31,080 --> 00:45:34,120 other people build, but when I see cool things that people are 929 00:45:34,120 --> 00:45:36,880 building, it's our job and our responsibility to go in there 930 00:45:36,880 --> 00:45:39,920 and see how we can support them. Is that, you know, go to market 931 00:45:39,920 --> 00:45:43,280 and, and strategy on how to get awareness in web 3 and crypto, 932 00:45:43,280 --> 00:45:45,960 which we know to do really well. Is that, you know, how do you go 933 00:45:45,960 --> 00:45:49,200 outside of the bubble and create product market fit, you know, 934 00:45:49,200 --> 00:45:52,440 and, and, and marketing strategies that are outside of 935 00:45:52,440 --> 00:45:54,240 just, you know, Twitter marketing, which seems to be 936 00:45:54,240 --> 00:45:58,400 like the de facto strategy for a majority of applications. 937 00:45:58,800 --> 00:46:00,800 You know, if you actually really understand our skill set and our 938 00:46:00,800 --> 00:46:03,920 expertise and what we know how to do, We're really multifaceted 939 00:46:03,920 --> 00:46:07,200 and, and I think where we can be really competitive, you know, 940 00:46:07,200 --> 00:46:09,640 versus I think a majority of the stacks that are out there today. 941 00:46:09,800 --> 00:46:11,760 This is our ability to go in there and be like, you know, 942 00:46:11,880 --> 00:46:14,080 this should be called this, this should go here. 943 00:46:14,080 --> 00:46:16,520 I've seen this work, you know, five different times, you know, 944 00:46:16,520 --> 00:46:19,160 through these channels and really open up the floodgates of 945 00:46:19,160 --> 00:46:21,760 our resources, you know, not only from what we have 946 00:46:21,760 --> 00:46:24,080 internally, but also through our relationships. 947 00:46:24,080 --> 00:46:27,680 Like I've, I think I have, you know, the, the best group of 948 00:46:27,680 --> 00:46:31,240 marketers in my corner that I've been able to build and, and 949 00:46:31,240 --> 00:46:33,560 build relationships with over the last seven or eight years. 950 00:46:33,960 --> 00:46:37,440 And it's really easy to to for me to hand off the best SEO guys 951 00:46:37,440 --> 00:46:41,120 or the best TikTok marketers, the best Instagramers to a lot 952 00:46:41,120 --> 00:46:43,640 of these projects that are looking to build for audiences 953 00:46:43,640 --> 00:46:47,840 that live on those platforms. That makes sense and hearing it 954 00:46:48,360 --> 00:46:52,040 from you, I think helps answer the question of, of why someone 955 00:46:52,040 --> 00:46:54,920 would go towards abstract and build. 956 00:46:55,400 --> 00:46:57,960 And it's because I'm, I asked you for the salesman earlier. 957 00:46:58,400 --> 00:47:00,920 They're getting to, to your marketing, they're getting 958 00:47:00,920 --> 00:47:03,480 access to your network, your distribution, and just like 959 00:47:03,480 --> 00:47:06,160 proven execution. And that is a real 960 00:47:06,160 --> 00:47:08,160 differentiator. I, I think that that's basically 961 00:47:08,160 --> 00:47:10,400 an objective fact at this point in time. 962 00:47:11,200 --> 00:47:14,520 Luke, I had a, a list of questions coming into this, but 963 00:47:14,520 --> 00:47:17,080 I feel like there's been a bit of criticism kind of floating 964 00:47:17,080 --> 00:47:19,760 around crypto Twitter in the last day or so. 965 00:47:19,760 --> 00:47:21,400 I'd love to give you a chance to respond. 966 00:47:21,400 --> 00:47:25,360 I think 1 with respect to, to pudgies and, and the NFT 967 00:47:25,360 --> 00:47:28,040 ecosystem, I think it when the, the earlier podcast that 968 00:47:28,040 --> 00:47:31,240 dropped, you know, you mentioned pudgies going to 200 ETH, other 969 00:47:31,240 --> 00:47:34,440 NFTS perhaps going to 100 ETH. I think that caught some, some 970 00:47:34,440 --> 00:47:36,200 criticism. I'm, I'm curious if you want to 971 00:47:36,200 --> 00:47:38,160 maybe elaborate on that, why you believe that? 972 00:47:38,160 --> 00:47:40,200 Of course, another part of this question is like, what, what 973 00:47:40,200 --> 00:47:41,800 does all this mean for, for pudgies? 974 00:47:41,800 --> 00:47:44,720 I think that's the other core question here was abstract mean 975 00:47:45,400 --> 00:47:48,080 for for the NFT holders? Yeah, well, I think that quote 976 00:47:48,080 --> 00:47:49,760 got taken a little bit out of context. 977 00:47:49,760 --> 00:47:52,320 And so really the question was, you know, where do you see NTS 978 00:47:52,320 --> 00:47:54,000 going? And, and I said, look, I, I 979 00:47:54,000 --> 00:47:59,200 think if NTS can catch 50% of what 20/21 was like and 980 00:47:59,200 --> 00:48:01,440 hopefully a lot more, I think, I think they'll be bigger and 981 00:48:01,440 --> 00:48:03,000 better than they ever were in the past. 982 00:48:04,360 --> 00:48:07,880 I, I believe that because of the unlock of NFT Phi and all of 983 00:48:07,880 --> 00:48:11,320 these liquidity mechanisms, that NFTS are going to have a lot 984 00:48:11,320 --> 00:48:14,240 more violent moves to the upside and to the downside that I think 985 00:48:14,240 --> 00:48:16,800 will ultimately take them to, you know, heights that we've 986 00:48:16,800 --> 00:48:18,800 never seen before. And I said there will be a 987 00:48:18,800 --> 00:48:21,880 couple projects that I think will reach 200 ETH and if I were 988 00:48:21,880 --> 00:48:23,520 to make a bet out, obviously bet on myself. 989 00:48:23,520 --> 00:48:26,080 And I think anybody making such a statement and wouldn't bet on 990 00:48:26,080 --> 00:48:28,800 themselves around a statement like that, I think it's probably 991 00:48:28,800 --> 00:48:31,760 not the right, right leader to be leading the chart project 992 00:48:31,760 --> 00:48:33,720 like this. So I obviously wasn't being, you 993 00:48:33,720 --> 00:48:36,160 know, braggadocious and trying to be like, hey, like, you know, 994 00:48:36,160 --> 00:48:38,440 we're going to do this. But, but I'm basically saying 995 00:48:38,440 --> 00:48:42,520 that if NF TS catch a semblance of a bid the way that it did in 996 00:48:42,520 --> 00:48:46,520 2021, these unlocks of calls and shorts and leverage, if you just 997 00:48:46,520 --> 00:48:49,120 understand the way that a lot of these markets work, that's why 998 00:48:49,120 --> 00:48:52,120 a, a finance listing is so exciting because you know, is 999 00:48:52,120 --> 00:48:55,240 there are you potentially on, on finance and, and people know 1000 00:48:55,240 --> 00:48:57,920 what that means and, and the liquidity that that unlocks. 1001 00:48:57,920 --> 00:49:00,280 And all of a sudden, you know, to move the market cap, you 1002 00:49:00,280 --> 00:49:04,680 know, $5 billion, you don't need, you know, $500 million in 1003 00:49:04,680 --> 00:49:07,040 buy pressure, you know, in straight spot. 1004 00:49:07,040 --> 00:49:10,320 You can, you know, do that with, you know, 50 million or 100 1005 00:49:10,320 --> 00:49:12,400 million in leverage trades. And, and if you just understand 1006 00:49:12,400 --> 00:49:14,880 just the way that crypto works as well as traditional finance, 1007 00:49:15,120 --> 00:49:18,720 a lot of these huge moves are really predicated on leverage 1008 00:49:18,720 --> 00:49:20,760 and margin. And, and a lot of this liquidity 1009 00:49:20,760 --> 00:49:24,120 is kind of attributed to that. And so I think what NFTS have 1010 00:49:24,120 --> 00:49:27,000 today, what they didn't have in 2021 is a lot of these liquidity 1011 00:49:27,000 --> 00:49:29,200 provisions that I think make these things a lot more 1012 00:49:29,200 --> 00:49:31,440 exciting. The ability to short something, 1013 00:49:31,440 --> 00:49:35,040 the ability to long something is going to add so much more hype 1014 00:49:35,680 --> 00:49:38,920 and I think volatility to a lot of these assets. 1015 00:49:38,960 --> 00:49:41,560 And so, you know, that's, that's essentially what I was saying. 1016 00:49:42,120 --> 00:49:43,880 So I just, I just wanted to clear that up because I think 1017 00:49:43,880 --> 00:49:47,520 the context kind of got removed. Obviously I, I have every 1018 00:49:47,520 --> 00:49:49,840 ambition to be the number one NFT project in the world. 1019 00:49:49,840 --> 00:49:51,680 I've been pretty clear on that for a long time. 1020 00:49:52,120 --> 00:49:54,360 You know, where the cards fall over the course of time is 1021 00:49:54,360 --> 00:49:56,480 really up to the universe. All we can do is really execute 1022 00:49:56,480 --> 00:49:59,960 and put our best foot forward. But I I believe we're really 1023 00:49:59,960 --> 00:50:01,960 well positioned to be leading the charge in that respect. 1024 00:50:01,960 --> 00:50:05,800 And when NFTS come back in a meaningful way, I think these 1025 00:50:06,160 --> 00:50:09,440 liquidity provisions that weren't available in 2021 are 1026 00:50:09,440 --> 00:50:13,400 going to add a lot more volatility to the upside and to 1027 00:50:13,400 --> 00:50:16,080 the downside to these NFTS in a way that we've never seen 1028 00:50:16,080 --> 00:50:17,880 before. And I think this is an educated 1029 00:50:18,280 --> 00:50:19,920 statement. You know, I don't think that's 1030 00:50:19,920 --> 00:50:21,680 like too far from like crazy land. 1031 00:50:22,560 --> 00:50:25,680 You know, if you look at, you know, characters in in crypto, 1032 00:50:25,880 --> 00:50:27,760 you know, you have doge, it's worth 15 billion. 1033 00:50:27,760 --> 00:50:29,360 You have Pepe that's worth 6 billion. 1034 00:50:29,360 --> 00:50:31,040 You know, Shiba Inu, that's worth 10. 1035 00:50:31,240 --> 00:50:34,000 You know, you have a lot of these character brands within 1036 00:50:34,000 --> 00:50:37,040 within the NFT market, you know, pudgies, my lady, you know, if 1037 00:50:37,040 --> 00:50:40,440 you look at those, those are worth, you know, 152 hundred 250 1038 00:50:40,440 --> 00:50:42,880 three, 100 million. But I would argue their their 1039 00:50:42,880 --> 00:50:45,680 awareness and their impact within crypto culture is 1040 00:50:45,680 --> 00:50:47,920 arguably just as significant as the latter. 1041 00:50:48,440 --> 00:50:52,360 But the difference is, is those are, you know, NFTS and they 1042 00:50:52,360 --> 00:50:55,560 are, you know, kind of condensed within this NFT market and, and 1043 00:50:55,560 --> 00:50:57,280 the others are, are liquid tokens. 1044 00:50:57,280 --> 00:50:58,440 And that's just the only difference. 1045 00:50:58,440 --> 00:51:01,200 It's not that I think, you know, we are getting less awareness 1046 00:51:01,200 --> 00:51:03,080 than them or having less impact on culture. 1047 00:51:03,080 --> 00:51:05,280 I think it's just the mechanism in which our assets kind of live 1048 00:51:05,280 --> 00:51:07,480 and breathe. And so I think it's not, not as 1049 00:51:07,480 --> 00:51:10,440 crazy to to say as I think people initially think, you 1050 00:51:10,440 --> 00:51:12,600 know, what does abstract really mean for the ecosystem? 1051 00:51:12,600 --> 00:51:15,240 I think it gives us a really unique opportunity to, you know, 1052 00:51:15,240 --> 00:51:17,600 one of the things that I've loved about the Pudgy ecosystem 1053 00:51:17,600 --> 00:51:19,520 specifically is we've had so many builders. 1054 00:51:19,880 --> 00:51:22,200 So now we have a home for these builders to build if they choose 1055 00:51:22,200 --> 00:51:25,600 to go in our direction. We have a unique slew of 1056 00:51:25,600 --> 00:51:28,360 opportunities that I think abstract will kind of open up 1057 00:51:28,360 --> 00:51:30,640 for the Pudgy Penguin ecosystem. I think we saw this over the 1058 00:51:30,640 --> 00:51:34,040 last six months in terms of protocols benefiting, you know, 1059 00:51:34,040 --> 00:51:35,840 or, or air dropping the Penguins. 1060 00:51:35,840 --> 00:51:38,280 I think you could see a similar behavior within the ecosystem 1061 00:51:38,280 --> 00:51:41,200 itself. And, and you know, from from a 1062 00:51:41,200 --> 00:51:43,120 leadership perspective, it's important to note that, you 1063 00:51:43,120 --> 00:51:44,680 know, I'm not the CEO of abstract. 1064 00:51:44,680 --> 00:51:45,880 I don't think you'd want me to be. 1065 00:51:46,400 --> 00:51:49,480 I am still the CEO of Pudgy. I'm leading the charge here. 1066 00:51:50,040 --> 00:51:52,680 You know, we are, you know, continuing to, to do what we 1067 00:51:52,680 --> 00:51:56,760 need to do to push, you know, NF, TS and IP on chain forward. 1068 00:51:57,240 --> 00:51:59,560 I think that's that one. We'll never lose focus of that. 1069 00:51:59,560 --> 00:52:01,880 This is not us pivoting to a new venture. 1070 00:52:02,280 --> 00:52:04,480 The team is really staying the same over at Pudgy. 1071 00:52:04,480 --> 00:52:06,920 And, and this is ultimately why I think the acquisition made so 1072 00:52:06,920 --> 00:52:08,520 much sense. It was just as much an Aqua hire 1073 00:52:08,520 --> 00:52:10,840 as it was anything else. You know, we're bringing an 1074 00:52:10,840 --> 00:52:13,360 elite team that knows how to build things on chain with the 1075 00:52:13,360 --> 00:52:15,800 best of them. And not only frame, there's a 1076 00:52:15,800 --> 00:52:17,720 slew of other people. You guys will meet Michael here 1077 00:52:17,720 --> 00:52:19,280 shortly. But you know, Michael Lee's a 1078 00:52:19,280 --> 00:52:21,640 kind of running Cube Labs, which is the main contributor to 1079 00:52:21,640 --> 00:52:25,200 abstract. He's a complete Chad, one of the 1080 00:52:25,200 --> 00:52:27,760 people that I've learned so much from over the last couple of 1081 00:52:27,760 --> 00:52:30,480 months. And, and, and so this is, this 1082 00:52:30,480 --> 00:52:33,720 is very much, you know, a symbiotic relationship between 1083 00:52:33,720 --> 00:52:36,720 the two organizations. I think they will cross 1084 00:52:36,720 --> 00:52:38,640 pollinate and help each other in a meaningful way. 1085 00:52:38,640 --> 00:52:41,640 And ultimately, I just think it makes the entire ecosystem 1086 00:52:41,640 --> 00:52:47,240 significantly more appealing for new entrants as well As for 1087 00:52:47,440 --> 00:52:48,960 current holders of the ecosystem. 1088 00:52:49,960 --> 00:52:52,520 Would agree. You actually touched on a topic 1089 00:52:52,520 --> 00:52:54,480 I want to dive in on a little bit. 1090 00:52:54,480 --> 00:52:57,360 So you mentioned you're not the CEO of abstract. 1091 00:52:58,000 --> 00:53:02,520 I'm curious, so who is, is it being led by like a council? 1092 00:53:02,520 --> 00:53:05,440 I'm also very curious like what, what's Sagar and and the, the 1093 00:53:05,440 --> 00:53:09,400 frame, the previously framed team's role in all this is 1094 00:53:09,400 --> 00:53:11,720 because the other criticism that I wanted to address, and I feel 1095 00:53:11,720 --> 00:53:14,080 like we're going there. People have said you're not the 1096 00:53:14,080 --> 00:53:17,320 most tech savvy. I I feel like it was obvious 1097 00:53:17,320 --> 00:53:20,200 that when you hired for him and some of the best builders in the 1098 00:53:20,200 --> 00:53:21,240 space. Like that's how you were 1099 00:53:21,240 --> 00:53:23,480 answering the question, but apparently it wasn't obvious to 1100 00:53:23,480 --> 00:53:26,160 everyone. But it's such a stupid 1101 00:53:26,160 --> 00:53:30,160 criticism, I guess I like, I don't know shit about tech. 1102 00:53:30,160 --> 00:53:31,320 Doesn't mean I'm not the one building it. 1103 00:53:31,320 --> 00:53:33,240 That's why you have a COACPO, yeah. 1104 00:53:35,000 --> 00:53:37,360 I mean, I mean, ultimately, like, look, I, I, I'm, I'm 1105 00:53:37,360 --> 00:53:38,840 definitely not the most tech savvy now. 1106 00:53:38,840 --> 00:53:41,200 I don't think I'm as deficient as I think people think, you 1107 00:53:41,200 --> 00:53:42,080 know, I was. Minded. 1108 00:53:43,000 --> 00:53:46,440 In 2016, so you know, I have, I have some sort of finger on the 1109 00:53:46,440 --> 00:53:47,920 pulse. Sorry, I'm just getting my 1110 00:53:47,920 --> 00:53:50,680 computer charger here because my computer is about to die. 1111 00:53:50,680 --> 00:53:52,760 So I don't think I'm like completely deficient. 1112 00:53:54,040 --> 00:53:56,680 I, I can speak effectively. Like look, I know where I'm, I 1113 00:53:56,680 --> 00:53:58,120 know where I'm strong, I know where I'm weak. 1114 00:53:58,280 --> 00:54:00,360 You know, to be frank, I don't think you want me leading the 1115 00:54:00,360 --> 00:54:04,320 technical build of, of a, of a blockchain and, and I and I, and 1116 00:54:04,320 --> 00:54:05,880 I sit in my truth. I think it's really important 1117 00:54:05,880 --> 00:54:09,800 for me not to get like really, yeah, I, I think the second I 1118 00:54:09,800 --> 00:54:12,760 start living outside of my truth is the second that, you know, 1119 00:54:12,760 --> 00:54:15,200 things are going to get, you know, pretty shaky. 1120 00:54:15,200 --> 00:54:17,840 And, and, and so just understand what I'm good at and understand 1121 00:54:17,840 --> 00:54:19,800 what I'm bad at is, is really important. 1122 00:54:20,360 --> 00:54:23,760 And this is ultimately why, you know, the the frame acquisition 1123 00:54:23,760 --> 00:54:26,040 took place and why we didn't just go make our own blockchain. 1124 00:54:26,040 --> 00:54:28,560 I mean, we could have, we could have done this, you know, a long 1125 00:54:28,560 --> 00:54:31,360 time ago and it probably would have been, you know, an 1126 00:54:31,360 --> 00:54:34,200 interesting anchor for us. You know, timing probably could 1127 00:54:34,200 --> 00:54:36,600 have been better with things with our FTS and, and, and all 1128 00:54:36,600 --> 00:54:38,760 the craziness that happened over the last, you know, year. 1129 00:54:39,360 --> 00:54:43,640 But to be frank, it's, it's, it's not about, you know, just 1130 00:54:43,640 --> 00:54:45,120 just doing something, just do something. 1131 00:54:45,120 --> 00:54:46,760 It's about doing something to succeed at it. 1132 00:54:47,280 --> 00:54:49,520 And I think This is why these two pieces ultimately make 1133 00:54:49,520 --> 00:54:51,320 sense. You know, abstract is being 1134 00:54:51,320 --> 00:54:54,560 contributed to by, you know, obviously members of the pudgy 1135 00:54:54,560 --> 00:54:56,960 Penguin team. Cube Labs is the main 1136 00:54:56,960 --> 00:54:59,720 development company that's working on abstract and that's 1137 00:54:59,760 --> 00:55:02,920 ultimately where the frame team is now living and coinciding. 1138 00:55:03,440 --> 00:55:06,560 Those guys are being led by a guy named Michael Lee, who you 1139 00:55:06,560 --> 00:55:10,600 guys will meet here shortly, and leading the charge on all things 1140 00:55:10,600 --> 00:55:13,800 development around abstract and making sure that it has all the 1141 00:55:13,800 --> 00:55:16,960 nuts and bolts to compete with everything that's existing out 1142 00:55:16,960 --> 00:55:18,560 there. And then we're coming in and 1143 00:55:18,560 --> 00:55:21,720 adding a slew of competitive edges that I think will make us 1144 00:55:22,280 --> 00:55:24,400 a really exciting contender within the L2 space. 1145 00:55:24,400 --> 00:55:27,000 And so that's kind of how it's structured and organized today. 1146 00:55:27,560 --> 00:55:29,680 And over the course of the coming weeks and months, you 1147 00:55:29,680 --> 00:55:32,800 guys will meet the full team and see the the, the full 1148 00:55:32,800 --> 00:55:35,840 integrations of technical things that we're kind of implementing 1149 00:55:35,840 --> 00:55:38,840 and where we're actually going to compete and differentiate 1150 00:55:38,840 --> 00:55:42,640 ourselves outside of just, you know, go to market and, and 1151 00:55:42,640 --> 00:55:44,840 community and culture, even though those I think are the 1152 00:55:44,840 --> 00:55:46,920 most important things. We've also got some really 1153 00:55:46,920 --> 00:55:49,320 exciting mechanisms that will be unveiled here shortly. 1154 00:55:49,320 --> 00:55:53,400 Love. To hear it, I won't be constant 1155 00:55:53,400 --> 00:55:55,080 of your time, Luke. I know we had you for half an 1156 00:55:55,080 --> 00:55:57,680 hour. Just maybe final question, 1157 00:55:58,240 --> 00:55:59,640 what's coming next? Like what what? 1158 00:55:59,640 --> 00:56:01,760 What can people expect and like if you have any other closing 1159 00:56:01,760 --> 00:56:03,040 thoughts you want to leave the listeners with. 1160 00:56:03,600 --> 00:56:06,400 Yeah, I'm, I'm super excited. I think this Sprint is really 1161 00:56:06,400 --> 00:56:08,160 just beginning. You know, we don't really just 1162 00:56:08,160 --> 00:56:10,800 tend to announce things and go Zero Dark 30 shortly after. 1163 00:56:10,800 --> 00:56:13,840 So if you're keen to learn more about abstract, just stay tuned, 1164 00:56:13,840 --> 00:56:17,000 you know, follow the accounts, put notifications on updates 1165 00:56:17,000 --> 00:56:18,920 will be coming and they'll be coming sooner than I think most 1166 00:56:18,920 --> 00:56:22,400 people think. And if you're a builder looking 1167 00:56:22,400 --> 00:56:26,400 to build for the consumer crypto revolution, whether it's NFTS, 1168 00:56:26,400 --> 00:56:31,160 whether it's IP or meme coins or consumer applications, if you 1169 00:56:31,160 --> 00:56:33,440 want to build things that are going to attract consumers and 1170 00:56:33,440 --> 00:56:36,440 speak to them, I think we're the chain this best position to help 1171 00:56:36,440 --> 00:56:38,480 you achieve that. So, you know, feel free to reach 1172 00:56:38,480 --> 00:56:41,440 out to me. I'm really keen to to speaking 1173 00:56:41,440 --> 00:56:43,760 to everybody and seeing what kind of features, you know, 1174 00:56:43,760 --> 00:56:46,160 people want implemented. I think our unique position 1175 00:56:46,160 --> 00:56:49,160 today is actually a second mover advantage I think will be an 1176 00:56:49,160 --> 00:56:51,360 edge here. We have a lot of insights as to 1177 00:56:51,360 --> 00:56:53,680 what's already happened, what people have done in the past, 1178 00:56:54,160 --> 00:56:58,720 and ultimately we have a good look in foresight as to, you 1179 00:56:58,720 --> 00:57:00,280 know, what's going to succeed in the future. 1180 00:57:00,280 --> 00:57:02,320 So happy to get a lot of feedback out. 1181 00:57:02,320 --> 00:57:05,600 A lot of hustle here coming ECC. So Farroka, hopefully I'll see 1182 00:57:05,600 --> 00:57:08,800 you there and hopefully that will be the first crack at 1183 00:57:08,800 --> 00:57:10,720 meeting and getting to know a lot of these builders that will 1184 00:57:10,720 --> 00:57:12,600 be building on top of abstract shortly. 1185 00:57:12,600 --> 00:57:15,200 So Tyler Farroka, I appreciate the time as always. 1186 00:57:15,200 --> 00:57:18,120 Tyler, you're doing an amazing job with these week a daily 1187 00:57:18,120 --> 00:57:19,000 recaps. I actually. 1188 00:57:19,000 --> 00:57:21,080 Wake up every morning. I look, I look forward to them. 1189 00:57:21,080 --> 00:57:23,120 They're they're the most comprehensive recaps every 1190 00:57:23,120 --> 00:57:24,440 morning. So I encourage everyone to give 1191 00:57:24,440 --> 00:57:26,760 you a follow and Faroque is a pleasure as always. 1192 00:57:26,760 --> 00:57:28,560 I'll, I'll, I'll give you credit where credit is due. 1193 00:57:28,560 --> 00:57:31,040 Dude, you, you supported us when very few people did. 1194 00:57:31,320 --> 00:57:33,720 And I remember the day that you started to buy pudgies and you 1195 00:57:33,720 --> 00:57:35,760 reached out. It was, it was a really 1196 00:57:35,760 --> 00:57:38,680 important day for me because I was, you were one of the few 1197 00:57:38,680 --> 00:57:40,720 that came and showed us love before everyone else did. 1198 00:57:40,720 --> 00:57:42,960 So you'll always have my respect and I'm here to support you. 1199 00:57:42,960 --> 00:57:45,400 And I got a couple of things that I need to go get you. 1200 00:57:45,400 --> 00:57:47,000 I've kind of dropped the ball there over the last week. 1201 00:57:47,880 --> 00:57:49,600 Let me get back to you or something. 1202 00:57:49,600 --> 00:57:52,120 Tap in, baby, tap in, tap in. We're ready. 1203 00:57:52,360 --> 00:57:55,040 We're we're ready, we're ready. It's going to be I think it's 1204 00:57:55,040 --> 00:57:56,600 going to be a fun time for the ecosystem. 1205 00:57:56,600 --> 00:57:59,960 There's a lot of really cool builders I'm aware I'm aware of 1206 00:57:59,960 --> 00:58:01,640 that are really going full force. 1207 00:58:01,640 --> 00:58:05,280 I think Q3Q4 are going to be built very big for for the 1208 00:58:05,280 --> 00:58:08,520 ecosystem, NFT space, etcetera. From yourself what you guys 1209 00:58:08,520 --> 00:58:11,480 going on ourselves and they'll obviously rumors of what's going 1210 00:58:11,480 --> 00:58:12,920 on doodles and a bunch of other people. 1211 00:58:12,920 --> 00:58:16,200 So I think I think we're in for a good rest of the year here. 1212 00:58:16,200 --> 00:58:18,320 Thank. Thank you Luca for for coming as 1213 00:58:18,320 --> 00:58:19,440 usual and chatting. Thank. 1214 00:58:20,000 --> 00:58:21,560 You so much. Bye. 1215 00:58:22,400 --> 00:58:24,040 Guys, all right, all right. Well, that was great. 1216 00:58:24,080 --> 00:58:25,840 I thought that was a really, really good conversation. 1217 00:58:25,840 --> 00:58:28,160 Tyler, some good, some good takeaways. 1218 00:58:28,400 --> 00:58:31,840 I find I always, I always laugh for the criticism part, you 1219 00:58:31,880 --> 00:58:35,200 know, because people are so quick to make funny comments or 1220 00:58:35,200 --> 00:58:38,120 remarks and and criticize. But I think, I think he's got a 1221 00:58:38,120 --> 00:58:39,760 good head on his shoulders, so it'll be good. 1222 00:58:40,840 --> 00:58:44,120 The, The sales pitch is compelling there. 1223 00:58:44,120 --> 00:58:45,880 There's a lot of places you can build that. 1224 00:58:45,880 --> 00:58:48,720 There's not a whole lot of places you can get access to, to 1225 00:58:48,720 --> 00:58:53,640 Luca's network marketing, distribution connections and 1226 00:58:53,640 --> 00:58:56,600 just a proven track record. So I get it now. 1227 00:58:56,600 --> 00:58:59,880 I think it's the question is like we love the idea and 1228 00:58:59,880 --> 00:59:02,080 concepts. We're going to have to see the 1229 00:59:02,080 --> 00:59:03,680 execution. So that's going to come in the 1230 00:59:04,080 --> 00:59:07,320 the weeks and months to follow, but certainly an exciting set up 1231 00:59:07,320 --> 00:59:08,720 here. I love it. 1232 00:59:08,760 --> 00:59:12,160 All right, all right, well, well, well, well, Mr. Tyler, it 1233 00:59:12,200 --> 00:59:14,120 was a pleasure. Feels good to be back. 1234 00:59:15,080 --> 00:59:16,520 The fresh team is playing in an hour. 1235 00:59:16,520 --> 00:59:18,000 I can't wait. We're playing Belgium, I think 1236 00:59:18,080 --> 00:59:20,080 Oh shit, I think Lucas from Belgium originally. 1237 00:59:20,720 --> 00:59:24,120 But listen, sorry about that. So I'm going to I'm going to go 1238 00:59:24,120 --> 00:59:26,080 and get mentally ready for that for the rest of my call. 1239 00:59:26,080 --> 00:59:28,640 Catch up with everything with that, with that, with that, 1240 00:59:28,640 --> 00:59:32,000 Robert returns tomorrow. Whoop, big spins tomorrow. 1241 00:59:32,000 --> 00:59:33,400 We still have a park to give away. 1242 00:59:33,400 --> 00:59:34,640 You'll see we're going to hit it. 1243 00:59:35,240 --> 00:59:38,720 And so make sure you follow us. Follow them and and TuneIn 1244 00:59:38,720 --> 00:59:40,480 tomorrow morning, 10:00 AM Eastern Standard Time for the 1245 00:59:40,520 --> 00:59:42,320 episode of From Where R Rock Radio. 1246 00:59:42,800 --> 00:59:44,040 Let's go.