Yo-yo, yo, what up? What up?
Good morning. Good morning, Chief MG Monday,
July 1st, 2020. I'm all ready.
Look at that. Another beautiful day to have a
beautiful day. Another beautiful week to have a
beautiful week. Another beautiful month to have
a beautiful month. Well, another beautiful corner
to have a beautiful corner. Oh, man, Oh, man.
I feel the magic in the air. I got my coast to the house.
Tyler. Wow, I missed your ass.
How you doing this morning? Good morning.
We we missed you too and my, my fro compressions do not do you
justice. The energy that you brought this
morning, we are so, so, so, so back.
So excited to have ya. My weekend, probably less
exciting than Ibiza, who we hung out in Indianapolis, the heart
of the Midwest with the grandma. But fun, fun summer weekend with
the fam and excited to get back in.
There's a lot, a lot going on. So much.
Yeah, dude, I bet I my weekend was terrible.
I was recovering from a weekend Ibiza.
I believe you. Let me tell you something.
Completely checking out of work for the first time.
Like usually we travel, I think maybe one day here and there, 12
hours here and there during a trip.
This time I completely checked out for the week.
No show, no emails, didn't answer anything.
No WhatsApp, no, I didn't answer anyone.
Nothing cold Turkey on my work. It was so weird, but it felt so
good. Yeah.
I think that's necessary. I got a good ten on two.
I got some color and it was my last trip before probably, you
know, I think the end of August. So it felt good.
It was necessary back home on 4th of July.
We're in Switzerland now. Get him some air, you know,
fresh lake air and chilling and getting back to the desk.
It feels very, very nice. But I would definitely recommend
Ibiza to anyone who's never been.
It was my first time you ever been Tyler.
No, I did nine months in Madrid and I went around a bit of
Europe, but I never made it to Ibiza, so we'll have to catch
up. I'm very curious what what the
scene is like. Too.
It's a lot. It's a lot.
I, I, I did not know I had it in me.
I mean, there's only one person on this entire planet that can
take this out of me. It's Danny.
See, each phrase, this MFR is the only person in the world
that could Take Me Out four nights in a row or five nights
in a row. Was it 4444 nights in a row?
It was a lot, it was a lot, but it was definitely a lot of fun.
Definitely came down with a little cold on the back of it.
But, but we're, we're, we're getting there.
We're, we're definitely getting there.
We'll be fully back, you know, in a day or two most probably.
Anyways, listen, Mendel may or may not join us and then he had
a little personal thing to deal with, but he'll probably be out
a little later today on the show today.
Today, obviously, we'll go through the market real quick.
We got Tyler's top 100 and then he's got some stuff to talk
about. And then last but not least,
we'll be joined by Luka Nets. I mean, Luka Nets again has some
big announcements going back-to-back abstract chain
consumer crypto L twos. We'll talk about the whole
fucking thing with Luca. He did a podcast recently that
had a lot of people talking the good and the bad.
So excited to be able to dive in with him and chat.
So he'll be joining us, you know, towards in the next 20
minutes to discuss all things. We're going to go in.
We're going to go deep about things like we got a lot of
questions for him and we'll go over all that.
But anyways, anyways, anyways, why don't we get started with
this market report where I can't play in the the Mando Jingle
because we don't have Mando. But I mean, Tyler, listen, I've
been tapped out. I'm now just tapping back in.
I'm back, I'm back in my desk. I'm finally back at looking at
prices looks pretty similar to me.
Every other day I would read the timeline.
One day people were ultra bearish calling for four day.
And that's the one thing when you tune out, right Tyler, is
you notice how we are a little too intense, right?
One day everyone's damn bad. One day everyone's up a lot
right back to come back. Bitcoin 62 seven you know ETH is
3460, Solana's 147. The meme coins are all going
absolutely crazy. I mean, tell me, where are we at
market wise? Yeah, the majors are are
basically even right on the way. So we're we're seeing some green
on the weekend, which is nice to start the week.
So Bitcoin's up 2% on the day six, 2730 it's up basically 2%
of the week. ETH similar up 4%.
Solana the leader though up, up 13%.
So this was Solana's week. I think that's one of the the
big stories. So the we got the Solana ETF
news last week that Van Neck had filed.
I believe 21 shares is now filed as well.
So that that's given some life to Seoul.
It's outperforming some of the Solana memes have rebounded in
kind as well. So I think we saw with back over
220 here this morning some memes downstream moving as well.
The the death of meme coin seems to have been overstated.
Like I mean, Mog mog is the other big headline 720 million I
saw at this morning, another all time high.
That token is not flowing down. So you know, that sector looks
strong. I think one headline that I saw
from I think from Milk Rd. that historically whenever crypto
closes June red, it is usually green in July.
So we, we might have missed some of your price targets for for
June broke, but we we're. Hey, hey.
I didn't share them, so I didn't share them publicly.
So I think we're good. You know what?
What I'm gonna, well, here's my price targets for July.
I'm gonna copy paste my June ones.
I I was just one month off. Yeah.
Very fair. So we might get there NFTS or or
back to across chains. So we we saw we've got Luca on
with us. So like pudgies leading the
charge on ETH, both pudgies and Boras back over 10 ETH as after
the blast AirDrop and and farming seems to have slowed
down quite a bit. Looks like some organic buying
on the board. It's happening on Bitcoin as
well. No monkeys and puppets
rebounding. We're singing on Solana.
Solana had massive volume over this week and Mad Lad saw
$1,000,000 sweep. Those things are back over 100
soil. They were down in the 60s, so
multiple. Do we know who swept?
What's? That I I have not dug in.
Scooter OK, 'cause I saw that person also owned like what, 200
Tensorians or something like it was some absurd number of
Tensorians, but that's good to see back to 100.
So that's what is that 2X from the lows?
Just about, I mean, look at the seven day change on that board
like these are we, we haven't seen numbers like this, you
know, in quite some time, you know, 50% on majors, 30 to 50%
basically across the board. So a a very strong week.
I, I guess we just want to keep running through some of the the
catch up in the headlines. So we thought we got past the
the SEC that they came back Friday to launching new suits
against Consensus Lido and Rocket Pool In a sign that Gary
Ginsler is not slowing down. We saw this 40 year ruling
overturned. It should be positive for
start-ups, including crypto start-ups.
You know, maybe we'll get into that in a minute.
This morning we saw Sony launch a crypto exchange and pretty big
news, Roaring Kitty's back. He just closed this newly
position. He's got 9 million tokens.
The stock briefly soared. The tokens briefly soared.
They're all falling back to earth now.
It was a big weekend of polify. It wasn't the majors as much
like the Trump's and trims of the world or the Bowdens.
It was the the dim nominee tokens.
So the the headline is like, if you missed the debate, Biden did
a pretty God awful job, sadly showing signs of dementia.
And now there's real talk that he's going to drop out.
We saw his his odds are dropping out of the election soar up to
50% this weekend. They're back down to 38%.
But that's led to folks speculating on who's who the
Dems going to put up. So that's going to be an ongoing
headline to to watch here in the near future.
And then over in the blast streets, we saw the first signs
of governance in the blast ecosystem.
They launched their first progress council proposal.
So there's going to be two councils, the token council and
this progress council to keep everyone moving and to try to
execute faster. And, and they've got a proposal
on the board to enable points here for, for this next season.
And Mark responded a bit. I think we saw a bit of an
uptick in that. It's all around 2.15 billion FTV
here this morning up a touch off the bottom.
So that that's the quick round up of all the headlines that we
saw. We can dig in.
Damn, Jesus, there's a lot of headlines.
I mean, at one of them that I really liked this morning was
Sony. So let's talk about that one.
So Sony I, I, I as a it's a company I always liked.
I don't know why. Maybe it's just growing up, we
had like a Sony TV, but I was always like, you know, like I
love Sony products. Our cameras are all Sony's.
You know, our a lot of our tools that we use day-to-day are Sony
as a company. So Sony is getting crypto
launching an exchange. This is so great.
Like I so is it only launching in Japan?
Is that what's going on? So the the the restarting this
crypto exchange whale thing which it was bought from the
Amber group last year. It seems like they plan to
restart it here soon with a new app.
I don't know all the details about geographies and where this
will be live. This is not the only thing that
Sony has done. I think they have made some
investments in other areas of web three.
I think there's already speculation on like, what does
this mean for for gaming? Or are they going to, you know,
dive into that next? One of the stories I read saw
this is more of just of a diversification play.
But I mean, I'm with you at Sony.
It's just such a big household name of a company, like seeing
them enter into the space and line up with an exchange, it
just feels like a a a big deal. So I'm sure we'll learn more as
the more details come out on this one.
Sounds like we need a Sony partnership.
These are Sony too. There you go.
Hey, Sony, if you're in here, you know, slide into our DMSI
mean or the other way around, but you know, probably gonna
have to be the other way around. But you know, we'd love to we'd
love to to get something going, but that's that.
I just thought that was a fun headline, you know what I mean?
Like in, in the realm of like getting people to adopt like
crypto and Bitcoin, et cetera. Like even like boomers or people
that don't necessarily like believe in the, in, in Bitcoin
itself. Like I just think that it's
super awesome. And yeah, like someone's
pointing out like like the the movie studio that they have the
music kind of like they have is immense, right?
So I don't know, I don't know how deep they wanted to go to
integrating Bitcoin, but I think it was like, to me, it's like
the level of news that like when Robin Hood like acquired
Bitstamp, like these big companies are like acquiring
company in order to launch. Like it's very similar, right?
Like Robin Hood launched, acquired Bitstamp to have their
own exchange focused on just crypto.
Sony here is diversifying and acquiring Amber group, right,
which is a crypto exchange to launch their own exchange as
well. So I just thought it was really
cool of a headline when I woke up.
It's the first thing I woke up this morning.
Anyways, another one that I I thought was interesting.
I know that you're like that one roaring Kitty chewy.
I mean, he is not a cat. He, you know, did you see the
paperwork that stated that he had to check that he's not a
cat? That was ridiculous.
I didn't know if that was like I saw it on the SE CS forum
website and I just at first I just thought it was a joke but
apparently it is real. Check the upper box to designate
whether you are a cat. And he checked I'm not a tenant.
So that, that it's good that we know that down the forum, if you
scroll, it shows that he has 9,001,000 shares of this Chewy
stock, which did briefly send it up about 20% pre market.
I think the gains are already all down.
Let's yeah, let's refresh this. Yeah.
So it's opening red. So now it's down 4%.
So the roaring kiddie pump is turning into the, the roaring
kiddie dump here. Sadly, people are in, in the, in
the meme corn street. So there's a few Chewy tokens on
Solana, a few that hit like 6-7 million, maybe higher at peak.
And they're, they're starting to retrace here this morning as
well, perhaps because what's going on the backdrop for all
this is that he's being sued in a new class action lawsuit for
securities fraud for his role in the GameStop saga.
It's saying he commits securities fraud by manipulating
the stock for his actions between May 12th and June 13th
of this year, saying he misled investors and effectively got
them to buy in at artificially high prices.
So he he's not out of the woods, but by any means, this is action
suit. So it's not, you know, one
that's brought from like a regulatory body or anything.
So a little bit different. What do you do?
What do you do though? Like, what do you think about
that, right? Like, of course, like, I get it,
but what do you do? He tweeted.
Like it's like, you know, you have, I think Dave Davis from,
you know, base carbon made a, made a very good point.
He said, let me, let me get you that tweet.
Actually, I'm curious of your thoughts on, on, on, on what he
wrote here. He said something on the line.
He said the game is rigged. He said analysts are allowed to
release price targets and ratings.
This process is very fucked up and corrupt, by the way, but
you're not allowed to tweet. Government can go after anyone.
They have all the dirt on everyone.
It's just about what they want, who they want to go after.
I mean, what do you, what do you think about that?
I, I feel like, what do you do? He tweeted.
Yeah, I don't, I don't really know what he did wrong in, in
all this. And I mean, it seems like he had
the lawyers with him, like even during the live stream, it
seemed like he was like checking in live with the with the
council in that room. So I I think he was careful of
what he was doing. But I mean that argument, yeah,
you see all the the hedge funds releasing their price targets.
He's I don't think he even did that right.
He basically was just talking about why he he like likes the
stock. I don't know that he even
mentioned like we're going to send this thing to $100 or, or
something along those lines. So I'm not sure if this one has
merit. If it does, then I guess there's
going to be a huge crackdown on, on anyone talking about stock
or, or token on their I guess. I don't know how they couldn't
be. Yeah, I mean, I guess I guess
we'll see if how how far this goes, but it's it feels a little
weird. Speaking of the SEC obviously
going after Roy and Katie, all the fun stuff.
I mean, look at them try and go after everybody.
I mean, I don't what when did this lawsuit drop?
Was it Friday? I remember it was still in
Spain. It was Friday.
It was after you guys had host. I think it was in the.
Afternoon, like Friday afternoon, it's like we just
can't get into the weekend without the these headlines.
I remember seeing that it's like late afternoon for us and I'm
seeing them complete like it's like an attack on Ethereum
zecosystem, right? It's like, hey, we'll sue like
meta mask for being like a seller of securities.
We'll attack like this and that, but the same day.
It isn't huge Chevron. It was Chevron ruling, right?
You know, like pretty much said that.
And and then somebody I saw, you know what the best tweet I saw
from that, Tyler was from Keith Grossman that he shared the
whole of all the rulings and all this positive stuff that
happened on our end, like on our side of the spectrum for crypto.
Meanwhile, the SEC again, is trying to do a huge attack on
crypto with stuff that made no sense, right?
So first of all, he said US Supreme Court overturned the
Chevron deference doctrine. This will essentially limit the
federal government's ability to regulate business and instead
turn this over to judicial system.
Then he had all these different threads about how, you know,
basically there was somebody else that said that, hey, just
because a token may start as a security doesn't mean this
doesn't involve as something that is not etcetera, etcetera,
etcetera. So I thought that was super
interesting. But what do you make of all of
this? I thought it was just a big
attack on the theorem, but almost felt like a, a last cry,
like a last, like a Hail Mary, like he's on his last leg.
He's like, all right, I I got to throw it somewhere.
That was my initial reaction as well.
Like they're, they're, they're going out swinging like it, it
seems like, and the Biden administration is struggling.
We see it in the polls. We we see it in the prediction
markets. I think he's down to 18%.
It feels like Gensler, Warren are are behind this.
They're tied to the, the Biden admin.
It feels like kind of a last ditch effort.
What's interesting about it is one, we just got the news that
they had dropped the suit against consensus just a few
days before this, which made it that aspect surprising.
And then the the fact that it came just a few hours before
this 40 year old Chevron ruling was overturned, which basically,
without going into super depth that ruling, previously these
regulatory agencies had been empowered to interpret laws and
force them against businesses without any oversight.
And now that has been stripped away from them.
This ruling basically says, no, you can't interpret the laws
however you want. You have to to stick to the
reality. And now that the justice system
is involved, so, so many are calling that arguably the
biggest headline from week. And it should be a huge boom for
for startups across various sectors.
Crypto is crypto being included in that?
So I feel like the the bullish news continues to to pile in
supporting the the crypto sector and just seems like Ginsler and
crew just continue to to try to fight, but it feels like their
cases are just getting weaker and weaker.
You know what I love? What I love about all this is
how Ethereum was down like .6% on the news and it's probably
back up to the same price if not higher than on Friday.
Yeah, we're just not reacting to to the to the flood headlines.
I feel like earlier in in the cycle, this would have moved us
down much, much more. And now it's just not the ETFs.
We're not going to get the ETFs this week, it looks like.
So they did send the forms back, but they're coming soon, right?
I still think July is very live for the ETTF.
Yeah, I I read something about how they have until July 8th to
finalize the paperwork for the S ones.
So it's looking like it'll be live a little later, but at
least we're not talking about September like the talk is.
Oh, like paperwork until July 8th, but we're looking like
we're, we're going to be life. So I, I, I saw a post from a
Nate, Nate Duras this morning saying that he, he said that he
believes that ETS can be the second largest one to the volume
and the first one being Bitcoin. So I, I actually agree with him.
I know what you what you think about that, but I think people
are understimating the power of the demand that there is out
there and the appetite for cryptocurrency, especially when
you have Larry Fake and everybody talking about
tokenization of things and if you're ever essentially being
kind of like the chain where you can tokenize all things.
Yeah, it's going to be interesting.
I think the volume is going to be there at at what percent of
the Bitcoin volume is going to come in.
I think I've seen like the 20% number thrown around that.
That seems logical to me. Like I don't think it's going to
match. I think the other aspect of this
is like the volume number kind of you have to throw it out
because of all like the delta neutral 3 strategies that's
that's been unlocked. So that makes it a little bit
more complicated. But like volume is gonna be
pouring in. It's hard to imagine this is
anything but bullish for ETH and and until ETH betas, which I
know folks are already starting to to look after.
So July He'd have to be a big month.
Oh, it's gonna be a big month, baby.
It's gonna be a big. I'm excited about July.
July's gonna be good, especially with that stat.
You said when two closes right July opens right agreed sorry.
So so that's that's been a good one.
Excited for that for sure. Are we so are we gonna get Trump
Speaking of Bitcoin Nashville in July or not it.
Was a little bit of a let down. I think we'd all hyped ourselves
up to see crypto discussed in the debate last week.
It wasn't mentioned. They talked about golf more.
They talked about child care, dude.
It's not like they would answer the question.
Yeah, I think the child, the child care question, they they
just argued with each other the whole time instead of answering
the question anyways, but yeah, I I still think we'll I think
it's very possible that we'll see him in that event like that
event is now perhaps like the highlight here at the end of
this the end of this month, yes, the end of June.
I. Think July 25th or something,
something along those lines. Great conference by the way.
Nashville is a great city. If I, if I hadn't meet to travel
after this, probably go there. But we'll probably go have some
reporters or people out there. For sure.
You should head out there. Nashville is fun dude.
It's fun, yeah. I have some friends down there.
I I go down a decent amount. It's like the biggest in the
Midwest these days. It's like you go down there two
to three nights, that's enough. Yes, thank you.
And wait, isn't Nashville home of Hawk Tour?
Yeah, dude, there's like a living legend over like she
should speak at. She should speak at Bitcoin
Nashville. She was on stage with the
country, yes. I saw that.
Yeah, she's not going down. On Barstool Sports and
everything you know if anything she should be speaking at at A
at at the Bitcoin conference someone get David Bailey on the
line so we could get the hog to a girl at BTC Nashville OK we.
Have to launch a room first. Yeah, fuck me, dude.
How? Speaking of that, I have I, I, I
the only thing I'm too scared to check is the press roots.
I, I must say I looked at this morning.
I took the time, caught up on all my work, all my emails,
absolutely everything, all my positions.
The only thing I've been looked at is runes.
How are runes doing? They're all right.
So like dog is the leader. It's at 620 million.
So I mean, it's, it's down from from all time high, but it, it's
still kind of consolidating puppets at 85,000,000.
So those things got as low as 6. So they they're at least up off
the the bottom. I think the RRSIC basically is
continuing slow bleed. We need to hear something from
that team or else it's going to continue this course.
There's a couple new movers like this billion dollar cat token.
It, it seems to be one of the new winners.
It's up at 50 million. They're hanging in there.
It's how I describe it. No, no explosive action, but
they're not not doing too bad. I feel like similar with with
the the ordinals, right. So like we're we're up off the
bottom, like we pulled back a little bit here, but you know,
consolidating perhaps ahead of a move up.
We'll we'll we'll take it. It's better than red every
single day. OK, listen, last week I checked
price on pups every day. Even on the bounces on the
majors, it kept going down and I was like, dude, what is going on
here? I believed in you.
I held on my back the entire times is the AirDrop and now
it's back up to 87 mil. I'll take it pops to 13 billion.
That's the prophecy. I will definitely be selling way
before $13 billion here everybody don't worry.
But you know that's the profits that I sold anyways.
Look, I think we've gone around the block pretty well.
We've talked about everything and anything we have Lukinet's
on stage. Luca, are you joining us on
video because I sent you the stream yard.
But I don't know if you want. Would you rather just stick to
audio? I was going to do video when you
did me, but then I'm I'm kind of in my backyard doing my thing.
So if you don't mind, I'd like to stay on audio if that's cool
with you. Yeah, yeah, it's, it's up to
you. It's just for the clips that we
like the video and stuff like that.
But definitely happy to happy to, to, to stick to audio if
you're doing your thing. How's your backyard?
Is it hot out? What's the weather like out
there? It's like 80°, but man, you're,
you're talking about clips. So you've got me, you've got my
little marketing antennas. You just got that.
Listen. I'm like, if I'm doing this I
might as well get the clips out of it.
You're going to get, you're going to get a lot of, not just
one, you know, you're going to get a lot of it.
You know you still got time to go inside.
Oh man. I got it, We got it.
We got it. We got it, we got it.
Get your ass, get your ass inside, Lucanetz, get your ass
inside. All right, in the meantime,
let's let let's wait for for Luca to join us.
See, we got it. We got it, ladies and gentlemen,
Hefner said do this gardening, everybody.
Why don't you write in the comments what you think Lucanetz
is doing in his backyard and why don't you drop a little retweet
while you're at it. We're live on YouTube for more
our rug video YouTube. We're live, all of us on
broadcast. We posted the video broadcast on
Tyler's page for more Rs page and myself.
While we're at it, may as well tell the people we had a little
rebranding of Football Hour, which you may have noticed.
There's our final rebranding. OK.
We're doing rebranding, but we just felt like it needed a
little. Something a little.
More right, and that green color of money, you know, July going
to be green, you know, so, so so no, you had to we had to get a
different feel to it. You know, something that was
that felt refreshing. It's going to be quite Speaking
of July Q3, we got some big fucking things ahead.
So definitely pay attention to what to what's coming up on our
side of the pond here and let me see.
So someone saying someone said, OK, he is gardening.
Someone said Luca is drinking a beer.
I don't think this trucker is a beer guy practicing corner hole.
Someone say he's waddling on a on in Penguin.
What else? What do you guys think Luca is
doing in his backyard? I think he's tanning and taking
spaces all day. That's why I think he's doing I
think he's just like on the phone doing Twitter spaces all
day long and just like, does that mean doing Twitter spaces
all day long and and some someone's phone is that that's
that can't be me right. I I hear a phone.
Nope. OK, anyways, give it a sense.
Someone said he walks back and forth.
What's pee pee saying? It's so funny.
He walks back and forth. That's his go to.
Yeah, I know. I I until we had the whole show
set up like sitting down. I used to do it.
I would do. I know once in a 10,000 steps in
one show. Yeah, shit's crazy.
And there he is, the man, the myth himself.
What's up? Look at how you doing.
I'm doing good. How are you doing?
We're vibing, dude. We're, we're, we're vibing.
We're back, we're back at work, We're back at the desk.
You know, we're back at the show after a little bit of time off,
but we're here, you know, we're, we're chilling and definitely
came back to your news. So love to see that.
I I appreciate it and no, no beer.
I don't drink alcohol. I actually love pacing in the
backyard. There's something that was like
a scientific thing if, if those of you are not familiar, but you
know, feet on Earth is energizing, believe it or not,
scientifically proven. So going in the grass, pacing
back and forth gets me, gets me, gets the chatterbox going.
Yeah, no, I, I feel that. Yeah.
It's called earthing. I think that's what they call
it. Know a lot of people that are
big into that and walking bad. But anyways, Tyler, I'm actually
going to kick it to you because look, we can provide some
questions for you. I know you got a lot of stuff
going on. Can't wait to go back and forth.
I saw your last interview, lot of thoughts and opinions on the
timeline about about some clips that you posted.
So Tyler, let me kick it to you and let's get this going.
Yeah, we, I think we buried arguably the biggest headline of
this past weekend and that's the pudgy Penguin Parent company
Igloo has acquired frame to build out an L2 called abstract.
It's going to be abstract chain meant for and I'm quoting here,
consumer crypto pioneering culture, community and
creativity on chain. So it's blockbuster news.
We've already seen the markets respond.
Instead of guessing what this means, we just want to find out
here first hand. I think my, my first question
for you here, Luca is like when did, when did this light bulb go
off? Like when did you know you
wanted to to build an L2? And then the second part of the
question, why? I think sometime in November, we
realized that we needed to be able to make tweaks to the
actual infrastructure in which some of our products were
living. The elephant in the room though
is like we didn't want to embark on this journey, you know,
ourselves, you know, to be frank, you don't want me
building a, a blockchain by myself.
I don't think that would be the the best use of our talents.
Ultimately it came down to a dinner that I had with Sagar
sometime shortly after in which we kind of just had the
discussion where was like, look, these guys are technical
builders. They build blockchains and and
products on chain with the best of them.
And we build community culture and know how to find
distribution and product market fit in a way that I think is
hyper unique. And so if you take the two, the
two sides of the pendulum and what and what they're really
good at and what we're really good at, it seems like a a match
made in heaven. And ultimately I'd had a had to
have a lot of discussions internally with the team.
It's really important for us. And when we made this decision,
we were confident that we weren't just going to be another
L2, you know, amongst all the other L twos, but that we were
going to build this in the same cadence that we built Pudgy
Penguins, which is, you know, we bought Pudgy Penguins because we
believe we could be the number one NFT project in the world.
And we're building abstract because we believe we can be the
number one L2 in the world. And so the thesis had to remain
true. And we feel like up until this
point, we've shown our, we, we've proven ourselves to the
greater Web 3 and crypto landscape that we know how to
build community, we know how to build culture, and we know how
to bring eyeballs to the products that we're building
both within the crypto sphere and outside of it.
And, you know, pairing that with SIGAR and their technical
expertise and, and their ability to, you know, not only, you
know, build amazing technical products, but also to speak to a
lot of those builders, I think really put us in a in a position
where this made sense. And so ultimately, it was always
at some point in the road map, something that we were going to
do. It just happened to have this
universal alignment where we kind of cross paths in the midst
of us and our frustrations with, with what we were dealing with,
as well as, you know, his frustrations with what he was
dealing with. And so we felt like we really
complemented each other in a really meaningful way.
And here we are today. It's great.
I, I want to come back to what you mentioned about wanting to,
to become the biggest L2 here later on 'cause I want to know
more about what that means, but perhaps let's dive into consumer
crypto a little bit. I think that's the, the big part
of the headline that is attracting folks gathering
speculation. What does it mean?
So like what does consumer crypto mean to you and and how
does abstract help? Yeah, I think from a from a
consumer crypto perspective, I think this is something that
Pudgy Penguins at its core has been the face of or been one of
the faces of over the last couple of years.
It's this concept of, you know, consumers coming on chain, not
based on the idea of making money or losing money, but using
blockchain because it's a better value proposition than current
web two products that they're using today.
And so I think there's this like a core problem that whether we
like it or not, you know, crypto by nature is hyper
financialized. But for every million people
that come into the space, about 950,000 people end up losing and
not wanting to come back. And then about 50,000 stay and
then, you know, participate in the cycles, you know, to come.
If you're looking at from like a 1,000,000 a per one million
person basis and ultimately like that is a handicap.
I think in terms of the growth of where I think crypto can go,
I actually believe blockchain solves problems that are a lot
greater. And you know, the idea of, you
know, becoming financially independent by either trading or
or gambling on chain through this borderless economy that is
super lucrative and and fun to use.
But I actually think if, if that remains the case, then we're
going to put a ceiling on to how far I think a lot of this stuff
can go. And So what I mean by that is,
you know, the, the Tam for financial freedom amongst people
in the world and, and the ability and the desire to gamble
is probably 10 to 15 trillion. But the idea of blockchain
powering economies and being the future of economies is 100 and
to 150 trillion. The difference is is, you know,
to power economies and to be an economy, you need users and you
need people using it for reasons that I think are bigger than
just price going up and price going down.
And this is really where I think the new era of crypto has kind
of we've kind of entered here is you have about I think five to
six to seven years to create products that are powering, you
know, real things that are not predicated on the hyper
financialization of tokenization.
And that is going to be predicated on who is going to be
able to open up the doors, what I call consumer crypto, which is
blockchain powering the back end, not the front end.
It is not the value proposition or the reason why people are
coming. It's just a better use and way
for people to build that unlocks a slew of different pros that
building, you know, in a centralized web two manner
simply doesn't have. And so I think for us, this
consumer crypto revolution is how do you bring people on chain
and how do you bring them on the right way?
And how do you create an ecosystem that is bigger than I
think what the current narratives is today, which is,
you know, PVPI make money, you lose money and, and somebody's
at the end other end of the stick.
And, and that's what I think we the, the, the chapter that we
have to enter here for us to all, you know, create an
industry that I think has endless upside for years to
come. I mean, there'll always be
opportunity. I think that will never leave
just the nature of of the space and the nature of the mechanisms
that kind of present itself. But we got to think bigger.
We got to, we got to want more than what we currently have.
And that, I think starts and stops with our ability to bring
consumers on chain. Do you think that just on that
real quick, do you think that by making your own L2 cause of
course, that's the first criticism that you face when you
announce your L2, right? Like do you think about by
fragmenting that into your own L2 is the way to, to build what
you're talking about? Like, what do you, what do you
make of that criticism that people have kind of thrown
around the timeline? Yeah, I think.
I think it's fragmentation if you lose, right?
But if you win, it's not fragmentation, right?
And so this is, this is ultimately the decision and the
debate that we had internally. It's like, do we actually
believe we're going to come in here and win?
Because I think the journey that Pudgy Penguins is on and, and
that the Igloo Company has ultimately built over the last 2
1/2 years, I think it's, it's preordained.
You know, you see where we're going.
We're, we're succeeding in the verticals that we're pursuing.
And, and, and the path to greatness there is, is
ultimately really clear. I think at some point on that
path, you're going to see bottlenecks in terms of us not
being able to really opt optimize for the things that I
think are most advantageous for consumer products.
And I think nobody is really speaking to that one subsection
of builders that is purely consumer.
You know, at the end of the day, you can deploy what you want on
our chain, you know, open, you know, we're, we're opening our
arms for people that are, you know, building D5 products and
and other different categories within the industry.
But we really think we can support and help builders
building for consumer in a way that no other chain can.
And so there's really like 2 fundamental principles behind,
you know, why we decided to do this and not build on, on
somebody else's stack. I think first and foremost is,
again, I, I think you'd be hard pressed to find an L2 team that
can speak and help builders find consumer product market fit the
way that we can. And I think this is a natural
edge that we have and ultimately a, a place that I think we can
support the entire industry. And, and to be frank, like I
have no interest in, in building on another chain than helping
all the builders on that chain, you know, find product market
fit. There's just no alignment in
that respect on the other side of it, it just comes down to,
you know, mutually beneficial relationships and things that
just make sense for the company. I think today crypto has entered
a new era, which is less predicated on technical
innovation and more predicated on the three pillars that I
referenced as community, culture and distribution.
These today are the X factors. I think if you, if you
understand the L2 landscape, you can actually spin up an L2
within 24 hours. Believe it or not, it's not
rocket science the way that it was maybe two years ago.
And So what is the edge case here in an industry and a
category that is becoming extremely productized?
It's going to be the people that can bring community, culture and
distribution to that chain. And I think we can do that one
with our native ecosystem and the ecosystem that we already
built. But I also think we can, you
know, provide a huge helping hand for others to kind of build
in that same cadence that we've built.
Pudgy And so if you're just kind of looking at the landscape, I
think, you know, mutually beneficial relationships is, is
a huge pillar of it and and being able to, you know, have a
huge exchange of value. That makes sense right now, if I
were to build on another tech stack, that exchange of value is
not, it is not a, a fair exchange in my opinion.
I think I'm bringing, if I were to build on an L2, I'm bringing
hundreds of millions of dollars in value to that L2 over the
course of time. And in exchange, they're giving
me, you know, maybe some grants, you know, maybe some Technical
Support. But I don't think that value
exchange is quite fair in my opinion.
And on the other side of it, you have a opportunity to actually
win something that I think is still open to be one, right?
And I think if we can win the race that is the L2 race, or at
least be, you know, one of the top three or five competitors in
the space, which I think we're extremely confident that we can
be. Ultimately, I think that opens
up the floodgates to our ecosystem, into our holders,
into our greater community in a way that I think just wasn't
prevalent before. You know, you have to live in
your reality. The reality is, is, you know, we
are in a market that, you know, has huge opportunity costs and
you have to provide a compelling narrative for your community and
your ecosystem on how you're going to grow this thing to be,
you know, an end to end user experience and something that
has tremendous value or, or future value over the course of
time. And, and I think if you're just
looking at all the pain points that we had at Pudgy from, you
know, little tweaks on infrastructural lows that we,
we, we would love to implement to, you know, the growth of the
ecosystem to being able to leverage what we've been able to
build over the last 2 1/2 years. I think this solves kind of all
the problems that we had in front of us and also presents a
huge slew of opportunities that I think currently wasn't present
without this acquisition. So you mentioned that the
compelling narrative for Pudgies and I think you've, you've
proven that in spades. What's the compelling narrative
for builders to come build on? Abstract What's what's the sales
pitch to to get others to come build in this ecosystem?
Yeah. So I think over the next couple
of months you're going to see a couple things.
I think one is this reworking of these incentive mechanisms that
I think is just going to be better than anything we've seen
out there. I think a second one is our
ability to actually help users find product market fit and and
galvanized, you know, people to use their applications in a way
that I think is really unique. You know, our skill set,
obviously you know, people have been able to see a subsection of
it of of what we've been able to do at Pudgy.
But you know, to be frank, there's been a little bit of a
handicap because there's only so many things that you can do
around an NF and around an IP in terms of, you know, how you
actually go to market and attract people.
You know, our team is actually built and comprised of of a
couple people that I think have done really amazing things in
the web two world. And it's something that from,
from my perspective, we have a finger on the pulse in terms of
helping people find product market fit to mass market
consumers, whether they're crypto curious or non crypto
native in a way that I think is super competitive to the rest.
And then ultimately, I, I think there's something to be said
about, you know, we have built a, a vertical integration in a
way that I think is super unique to a majority of L twos.
A majority of L twos have really only been building horizontally,
meaning, you know, the infrastructure layer for others
built on top of. But I think if you look at Pudgy
Penguin's ecosystem, we've actually created, you know,
multiple examples within our journey of, of what you could
build on top of these chains. And rather than just telling
people to go build themselves, we're also leading by example.
And so, you know, I think this would give us like a.
A slew of edges across multiple different facets that I think
creates a compelling case when you're looking at what builders
want above all else, they want users, and what do users want
above all else? They want cool products for that
that that they can use. And I think amongst our two
teams and our expertise, I think we'll be able to cater to both
of those needs pretty easily. Do you have an idea for what?
What kind of apps and products users can't expect?
Or are we in the too early stages to to start thinking
through that? I I'm just more like personally
curious. Yeah, again, it, it, it's, it's
all things consumer. And so I think consumer can be
defined in a lot of different ways.
I think actually NF TS are, are, are great consumer mechanism.
I, I, I wrote a whole sub stack on culture coins and the
tokenization of culture. And I'm a huge believer that
whether it's a meme coin or an IP token or a consumer brand
token, or however you want to phrase it in, in the subsection
of categories under these culture tokens, I think we can
be a huge support there. Obviously consumer applications,
whether they're financial applications or social networks,
Again, you know, what do all of these things need?
If you're, if you're an NFT, if you're, if you're a meme, you
want to proliferate, you want eyeballs.
I think we've shown to the world that we know how to do that with
the best of them. If you're a consumer
application, whether it's a, you know, new social network or a
new financialized, you know, mechanism to maybe transact or
to interact with, you know, certain consumer products.
I, I, I think if it falls into the category of consumer crypto
and is targeting towards not the, you know, couple thousand
power users that we have today, but for the masses, I think we
have a lot of really interesting insights and can support you in
a really meaningful way. And so I think it's anything
that can go outside of our ecosystem, outside of our bubble
that can reach, you know, regular people doing regular
things. I think ultimately that that
that's just the barrier that needs to be broken.
And, and ultimately, I think we're we're the team that's I
think best position to to help support builders break that
barrier. So anything and everything
consumer and we're to find that in one sentence, I think it
would be you know products and applications that appeal to
people outside of this small hyper financialized bubble in
which we currently live. So what's the, what's the
timeline like? Obviously not to make you like
say things that you can't like here on on on live on the air,
though that would be cool. But but what's the what's the
timeline like for abstract? You just announced everything
you want these consumer crypto apps.
I actually obviously like we're building consumer crypto app on
our end. So it's like I'm obviously turbo
bullish on that. I do think we have too much
infrastructure and not enough apps.
So you're but you're building like the infrastructure for
those apps and then you're going to push those apps.
So I think it's pretty cool. Get the dog in, get the dog in.
He wants to talk. He definitely wants to he wants
to chime in, but but you know, I think I think that's great.
So I'm super bullish on like the consumer crypto apps part
because I saw a tweet I think from Evans a few weeks ago was
like, we have too many layers now and too many people tripping
infra, but we're missing this stuff, right?
Obviously big fun with polling markets has done so far through
the whole election cycle. Fan of fantasy top.
We love playing the game on here.
Hopefully like they'll be able to continue momentum now that
the blast you know, AirDrop has happened, yadda yadda, and
hopefully doesn't get more to come.
Obviously final forecaster warp casts like you know, and what's
gonna happen there Blanks with Solana, like a lot of really
cool shit is finally starting to come out.
What what's your timeline looking like to to to be able to
push? Not the actual L2 itself, but
like those ABS out? Yeah, I, I think, well, I think
it probably starts with the L2 itself.
So test net will be live. You know, the tentative date
right now is July 8th, so probably July 8th, 9th or 10th.
And this is really where I think the floodgates are going to be
in the open and where we really going to start, you know,
getting builders to start building.
And so, you know, I think from, from our perspective, I think, I
think a huge part of, of building a chain is it your,
your chain is only as good as the applications built on top of
it. And, and this is where we want
to spend the majority of our time.
You know, one thing that I think we've shown over the last couple
of years is we know how to hustle and we also know how to
build relationships. And so, you know, really going
out in the trench and getting, you know, really down and dirty
with a lot of these builders and, and just, you know, one,
convincing them that I think this is the right place to build
and making sure that they have the right support from a
technical perspective, whether it's the right integrations and,
and just the right infrastructure to kind of build
on top of it. But this is a game of how, how
many builders can you get to build on your chain and how many
good products can you get to build there?
And, and we're actually looking to support and making a lot of
these things easy. The the beauty of some of the
people on our team is, you know, Peter owned a design agency for
five years. We've kind of Aqua hired that
design agency. And so they've kind of been
brought in in house. You know, he probably has, you
know, 30 different templates that he can give builders that
can just immediately, immediately expedite the
creative and, and interface and user experience process it.
It's not going to be as, as granular as, you know, A + B = C
There's obviously going to be a lot of, you know, going back and
forth and, and getting in the weeds with people.
But I think it really starts on the launch of test net.
So people can really actually start building on top of the
infrastructure shortly after we kind of plan on releasing main
net and after we've given people a couple months to kind of build
the right applications on test net.
But, you know, I, I, I can't, I can't control necessarily what
other people build, but when I see cool things that people are
building, it's our job and our responsibility to go in there
and see how we can support them. Is that, you know, go to market
and, and strategy on how to get awareness in web 3 and crypto,
which we know to do really well. Is that, you know, how do you go
outside of the bubble and create product market fit, you know,
and, and, and marketing strategies that are outside of
just, you know, Twitter marketing, which seems to be
like the de facto strategy for a majority of applications.
You know, if you actually really understand our skill set and our
expertise and what we know how to do, We're really multifaceted
and, and I think where we can be really competitive, you know,
versus I think a majority of the stacks that are out there today.
This is our ability to go in there and be like, you know,
this should be called this, this should go here.
I've seen this work, you know, five different times, you know,
through these channels and really open up the floodgates of
our resources, you know, not only from what we have
internally, but also through our relationships.
Like I've, I think I have, you know, the, the best group of
marketers in my corner that I've been able to build and, and
build relationships with over the last seven or eight years.
And it's really easy to to for me to hand off the best SEO guys
or the best TikTok marketers, the best Instagramers to a lot
of these projects that are looking to build for audiences
that live on those platforms. That makes sense and hearing it
from you, I think helps answer the question of, of why someone
would go towards abstract and build.
And it's because I'm, I asked you for the salesman earlier.
They're getting to, to your marketing, they're getting
access to your network, your distribution, and just like
proven execution. And that is a real
differentiator. I, I think that that's basically
an objective fact at this point in time.
Luke, I had a, a list of questions coming into this, but
I feel like there's been a bit of criticism kind of floating
around crypto Twitter in the last day or so.
I'd love to give you a chance to respond.
I think 1 with respect to, to pudgies and, and the NFT
ecosystem, I think it when the, the earlier podcast that
dropped, you know, you mentioned pudgies going to 200 ETH, other
NFTS perhaps going to 100 ETH. I think that caught some, some
criticism. I'm, I'm curious if you want to
maybe elaborate on that, why you believe that?
Of course, another part of this question is like, what, what
does all this mean for, for pudgies?
I think that's the other core question here was abstract mean
for for the NFT holders? Yeah, well, I think that quote
got taken a little bit out of context.
And so really the question was, you know, where do you see NTS
going? And, and I said, look, I, I
think if NTS can catch 50% of what 20/21 was like and
hopefully a lot more, I think, I think they'll be bigger and
better than they ever were in the past.
I, I believe that because of the unlock of NFT Phi and all of
these liquidity mechanisms, that NFTS are going to have a lot
more violent moves to the upside and to the downside that I think
will ultimately take them to, you know, heights that we've
never seen before. And I said there will be a
couple projects that I think will reach 200 ETH and if I were
to make a bet out, obviously bet on myself.
And I think anybody making such a statement and wouldn't bet on
themselves around a statement like that, I think it's probably
not the right, right leader to be leading the chart project
like this. So I obviously wasn't being, you
know, braggadocious and trying to be like, hey, like, you know,
we're going to do this. But, but I'm basically saying
that if NF TS catch a semblance of a bid the way that it did in
2021, these unlocks of calls and shorts and leverage, if you just
understand the way that a lot of these markets work, that's why
a, a finance listing is so exciting because you know, is
there are you potentially on, on finance and, and people know
what that means and, and the liquidity that that unlocks.
And all of a sudden, you know, to move the market cap, you
know, $5 billion, you don't need, you know, $500 million in
buy pressure, you know, in straight spot.
You can, you know, do that with, you know, 50 million or 100
million in leverage trades. And, and if you just understand
just the way that crypto works as well as traditional finance,
a lot of these huge moves are really predicated on leverage
and margin. And, and a lot of this liquidity
is kind of attributed to that. And so I think what NFTS have
today, what they didn't have in 2021 is a lot of these liquidity
provisions that I think make these things a lot more
exciting. The ability to short something,
the ability to long something is going to add so much more hype
and I think volatility to a lot of these assets.
And so, you know, that's, that's essentially what I was saying.
So I just, I just wanted to clear that up because I think
the context kind of got removed. Obviously I, I have every
ambition to be the number one NFT project in the world.
I've been pretty clear on that for a long time.
You know, where the cards fall over the course of time is
really up to the universe. All we can do is really execute
and put our best foot forward. But I I believe we're really
well positioned to be leading the charge in that respect.
And when NFTS come back in a meaningful way, I think these
liquidity provisions that weren't available in 2021 are
going to add a lot more volatility to the upside and to
the downside to these NFTS in a way that we've never seen
before. And I think this is an educated
statement. You know, I don't think that's
like too far from like crazy land.
You know, if you look at, you know, characters in in crypto,
you know, you have doge, it's worth 15 billion.
You have Pepe that's worth 6 billion.
You know, Shiba Inu, that's worth 10.
You know, you have a lot of these character brands within
within the NFT market, you know, pudgies, my lady, you know, if
you look at those, those are worth, you know, 152 hundred 250
three, 100 million. But I would argue their their
awareness and their impact within crypto culture is
arguably just as significant as the latter.
But the difference is, is those are, you know, NFTS and they
are, you know, kind of condensed within this NFT market and, and
the others are, are liquid tokens.
And that's just the only difference.
It's not that I think, you know, we are getting less awareness
than them or having less impact on culture.
I think it's just the mechanism in which our assets kind of live
and breathe. And so I think it's not, not as
crazy to to say as I think people initially think, you
know, what does abstract really mean for the ecosystem?
I think it gives us a really unique opportunity to, you know,
one of the things that I've loved about the Pudgy ecosystem
specifically is we've had so many builders.
So now we have a home for these builders to build if they choose
to go in our direction. We have a unique slew of
opportunities that I think abstract will kind of open up
for the Pudgy Penguin ecosystem. I think we saw this over the
last six months in terms of protocols benefiting, you know,
or, or air dropping the Penguins.
I think you could see a similar behavior within the ecosystem
itself. And, and you know, from from a
leadership perspective, it's important to note that, you
know, I'm not the CEO of abstract.
I don't think you'd want me to be.
I am still the CEO of Pudgy. I'm leading the charge here.
You know, we are, you know, continuing to, to do what we
need to do to push, you know, NF, TS and IP on chain forward.
I think that's that one. We'll never lose focus of that.
This is not us pivoting to a new venture.
The team is really staying the same over at Pudgy.
And, and this is ultimately why I think the acquisition made so
much sense. It was just as much an Aqua hire
as it was anything else. You know, we're bringing an
elite team that knows how to build things on chain with the
best of them. And not only frame, there's a
slew of other people. You guys will meet Michael here
shortly. But you know, Michael Lee's a
kind of running Cube Labs, which is the main contributor to
abstract. He's a complete Chad, one of the
people that I've learned so much from over the last couple of
months. And, and, and so this is, this
is very much, you know, a symbiotic relationship between
the two organizations. I think they will cross
pollinate and help each other in a meaningful way.
And ultimately, I just think it makes the entire ecosystem
significantly more appealing for new entrants as well As for
current holders of the ecosystem.
Would agree. You actually touched on a topic
I want to dive in on a little bit.
So you mentioned you're not the CEO of abstract.
I'm curious, so who is, is it being led by like a council?
I'm also very curious like what, what's Sagar and and the, the
frame, the previously framed team's role in all this is
because the other criticism that I wanted to address, and I feel
like we're going there. People have said you're not the
most tech savvy. I I feel like it was obvious
that when you hired for him and some of the best builders in the
space. Like that's how you were
answering the question, but apparently it wasn't obvious to
everyone. But it's such a stupid
criticism, I guess I like, I don't know shit about tech.
Doesn't mean I'm not the one building it.
That's why you have a COACPO, yeah.
I mean, I mean, ultimately, like, look, I, I, I'm, I'm
definitely not the most tech savvy now.
I don't think I'm as deficient as I think people think, you
know, I was. Minded.
In 2016, so you know, I have, I have some sort of finger on the
pulse. Sorry, I'm just getting my
computer charger here because my computer is about to die.
So I don't think I'm like completely deficient.
I, I can speak effectively. Like look, I know where I'm, I
know where I'm strong, I know where I'm weak.
You know, to be frank, I don't think you want me leading the
technical build of, of a, of a blockchain and, and I and I, and
I sit in my truth. I think it's really important
for me not to get like really, yeah, I, I think the second I
start living outside of my truth is the second that, you know,
things are going to get, you know, pretty shaky.
And, and, and so just understand what I'm good at and understand
what I'm bad at is, is really important.
And this is ultimately why, you know, the the frame acquisition
took place and why we didn't just go make our own blockchain.
I mean, we could have, we could have done this, you know, a long
time ago and it probably would have been, you know, an
interesting anchor for us. You know, timing probably could
have been better with things with our FTS and, and, and all
the craziness that happened over the last, you know, year.
But to be frank, it's, it's, it's not about, you know, just
just doing something, just do something.
It's about doing something to succeed at it.
And I think This is why these two pieces ultimately make
sense. You know, abstract is being
contributed to by, you know, obviously members of the pudgy
Penguin team. Cube Labs is the main
development company that's working on abstract and that's
ultimately where the frame team is now living and coinciding.
Those guys are being led by a guy named Michael Lee, who you
guys will meet here shortly, and leading the charge on all things
development around abstract and making sure that it has all the
nuts and bolts to compete with everything that's existing out
there. And then we're coming in and
adding a slew of competitive edges that I think will make us
a really exciting contender within the L2 space.
And so that's kind of how it's structured and organized today.
And over the course of the coming weeks and months, you
guys will meet the full team and see the the, the full
integrations of technical things that we're kind of implementing
and where we're actually going to compete and differentiate
ourselves outside of just, you know, go to market and, and
community and culture, even though those I think are the
most important things. We've also got some really
exciting mechanisms that will be unveiled here shortly.
Love. To hear it, I won't be constant
of your time, Luke. I know we had you for half an
hour. Just maybe final question,
what's coming next? Like what what?
What can people expect and like if you have any other closing
thoughts you want to leave the listeners with.
Yeah, I'm, I'm super excited. I think this Sprint is really
just beginning. You know, we don't really just
tend to announce things and go Zero Dark 30 shortly after.
So if you're keen to learn more about abstract, just stay tuned,
you know, follow the accounts, put notifications on updates
will be coming and they'll be coming sooner than I think most
people think. And if you're a builder looking
to build for the consumer crypto revolution, whether it's NFTS,
whether it's IP or meme coins or consumer applications, if you
want to build things that are going to attract consumers and
speak to them, I think we're the chain this best position to help
you achieve that. So, you know, feel free to reach
out to me. I'm really keen to to speaking
to everybody and seeing what kind of features, you know,
people want implemented. I think our unique position
today is actually a second mover advantage I think will be an
edge here. We have a lot of insights as to
what's already happened, what people have done in the past,
and ultimately we have a good look in foresight as to, you
know, what's going to succeed in the future.
So happy to get a lot of feedback out.
A lot of hustle here coming ECC. So Farroka, hopefully I'll see
you there and hopefully that will be the first crack at
meeting and getting to know a lot of these builders that will
be building on top of abstract shortly.
So Tyler Farroka, I appreciate the time as always.
Tyler, you're doing an amazing job with these week a daily
recaps. I actually.
Wake up every morning. I look, I look forward to them.
They're they're the most comprehensive recaps every
morning. So I encourage everyone to give
you a follow and Faroque is a pleasure as always.
I'll, I'll, I'll give you credit where credit is due.
Dude, you, you supported us when very few people did.
And I remember the day that you started to buy pudgies and you
reached out. It was, it was a really
important day for me because I was, you were one of the few
that came and showed us love before everyone else did.
So you'll always have my respect and I'm here to support you.
And I got a couple of things that I need to go get you.
I've kind of dropped the ball there over the last week.
Let me get back to you or something.
Tap in, baby, tap in, tap in. We're ready.
We're we're ready, we're ready. It's going to be I think it's
going to be a fun time for the ecosystem.
There's a lot of really cool builders I'm aware I'm aware of
that are really going full force.
I think Q3Q4 are going to be built very big for for the
ecosystem, NFT space, etcetera. From yourself what you guys
going on ourselves and they'll obviously rumors of what's going
on doodles and a bunch of other people.
So I think I think we're in for a good rest of the year here.
Thank. Thank you Luca for for coming as
usual and chatting. Thank.
You so much. Bye.
Guys, all right, all right. Well, that was great.
I thought that was a really, really good conversation.
Tyler, some good, some good takeaways.
I find I always, I always laugh for the criticism part, you
know, because people are so quick to make funny comments or
remarks and and criticize. But I think, I think he's got a
good head on his shoulders, so it'll be good.
The, The sales pitch is compelling there.
There's a lot of places you can build that.
There's not a whole lot of places you can get access to, to
Luca's network marketing, distribution connections and
just a proven track record. So I get it now.
I think it's the question is like we love the idea and
concepts. We're going to have to see the
execution. So that's going to come in the
the weeks and months to follow, but certainly an exciting set up
here. I love it.
All right, all right, well, well, well, well, Mr. Tyler, it
was a pleasure. Feels good to be back.
The fresh team is playing in an hour.
I can't wait. We're playing Belgium, I think
Oh shit, I think Lucas from Belgium originally.
But listen, sorry about that. So I'm going to I'm going to go
and get mentally ready for that for the rest of my call.
Catch up with everything with that, with that, with that,
Robert returns tomorrow. Whoop, big spins tomorrow.
We still have a park to give away.
You'll see we're going to hit it.
And so make sure you follow us. Follow them and and TuneIn
tomorrow morning, 10:00 AM Eastern Standard Time for the
episode of From Where R Rock Radio.
Let's go.