1 00:00:00,520 --> 00:00:08,600 And it's a it's a beautiful day and have a beautiful day on 2 00:00:08,600 --> 00:00:09,720 this. Beautiful day. 3 00:00:11,360 --> 00:00:14,760 Good morning. Two and three with Baroco, San 4 00:00:15,360 --> 00:00:20,640 Fernando, TuneIn Live at 1013 and it's all on the road radio. 5 00:00:20,920 --> 00:00:24,840 And it's a. Beautiful day Have a beautiful 6 00:00:24,840 --> 00:00:35,110 day DMTM. Radio GM, GM, everyone. 7 00:00:35,710 --> 00:00:37,830 You got that theme song in your head now cows. 8 00:00:37,830 --> 00:00:41,590 It feels like you're now. It is addictive right? 9 00:00:41,590 --> 00:00:43,430 We thought about changing it a few times and we're just like 10 00:00:43,870 --> 00:00:47,390 this is it's so J6 has done a real good job with it. 11 00:00:47,470 --> 00:00:50,190 We need to change in your guys names for this week cuz it still 12 00:00:50,190 --> 00:00:53,790 says OSF and farok but. Wait, what do you mean? 13 00:00:53,830 --> 00:00:58,730 What do you mean we are? We are OSF and Farok. 14 00:00:59,290 --> 00:01:01,810 What are you talking about? Yeah, who's. 15 00:01:03,010 --> 00:01:05,489 Who obviously I'm Farok and cows is OSF. 16 00:01:06,690 --> 00:01:08,730 What you're gonna say? Cows is Farok. 17 00:01:08,730 --> 00:01:10,530 Like OK, like. Could be. 18 00:01:10,890 --> 00:01:11,850 Could be on a blog. Night. 19 00:01:12,250 --> 00:01:15,610 I've been working like three years to be farok so. 20 00:01:16,810 --> 00:01:17,930 You. Can't take this for. 21 00:01:18,050 --> 00:01:19,930 Me, OK? From the Farok arc. 22 00:01:20,450 --> 00:01:25,890 It's his birthday today. Big big event in Korea with. 23 00:01:26,680 --> 00:01:29,680 Boy, Apes Ucolabs feels like it's been a big success. 24 00:01:30,200 --> 00:01:33,520 He just sent me a message being like we shut down Korea tonight, 25 00:01:33,520 --> 00:01:38,200 so. I actually like I was writing up 26 00:01:38,200 --> 00:01:43,520 a happy birthday post and I found like I think the weekend 27 00:01:43,520 --> 00:01:46,680 when like Rug Radio Spaces was born. 28 00:01:47,160 --> 00:01:50,080 It was literally Labor Day weekend like this, this like 29 00:01:50,160 --> 00:01:55,000 September 6th, 2021 and it's like Faroaks PFP me. 30 00:01:55,420 --> 00:01:59,420 On there and it was like he didn't sleep and it was like a 31 00:01:59,420 --> 00:02:05,580 whole like 2 day rug radio spaces. 32 00:02:05,620 --> 00:02:07,820 It was crazy. Those were the good times. 33 00:02:07,860 --> 00:02:12,780 It's been so nice like watching him build for the past few 34 00:02:12,780 --> 00:02:13,700 years. It's been really. 35 00:02:13,740 --> 00:02:15,820 Cool. You were there at that time, I 36 00:02:15,820 --> 00:02:20,010 didn't realize. Yeah, look, I even have a photo. 37 00:02:20,450 --> 00:02:22,690 I've been there since the beginning, since, like, 38 00:02:22,690 --> 00:02:25,610 clubhouse. Like, I've minted my board ape 39 00:02:25,610 --> 00:02:29,050 like the first week within the first week. 40 00:02:29,330 --> 00:02:32,610 So yeah, put some respect on my name. 41 00:02:33,650 --> 00:02:35,130 Yeah, yeah. And. 42 00:02:35,750 --> 00:02:39,270 And I was there like right when cuz we called it rug radio. 43 00:02:39,270 --> 00:02:42,110 Like I was a part of the few people with farogue to call it 44 00:02:42,110 --> 00:02:43,350 rug radio. Because why? 45 00:02:43,350 --> 00:02:46,390 Because Twitter tech was so ruggy. 46 00:02:46,510 --> 00:02:51,630 So we called it rug radio. God, you're a real OG. 47 00:02:51,750 --> 00:02:53,510 You're a real OG. I didn't realize it. 48 00:02:53,510 --> 00:02:55,910 I think I only crossed paths when we first started our show, 49 00:02:55,910 --> 00:02:58,510 which was was that 18 months ago? 50 00:02:58,510 --> 00:03:00,070 Something like that. But yeah, I didn't realize you 51 00:03:00,070 --> 00:03:01,670 were there, there at the Genesis. 52 00:03:01,870 --> 00:03:03,190 Wow it. Was Genesis. 53 00:03:04,290 --> 00:03:04,970 I wasn't there. I wasn't. 54 00:03:04,970 --> 00:03:10,210 Working on that stage. I was there so that now you know 55 00:03:10,210 --> 00:03:13,850 the history. Yeah, what a journey for him, it 56 00:03:13,850 --> 00:03:15,450 looks like. What a journey for you as well, 57 00:03:16,490 --> 00:03:17,330 right? We're gonna start with our 58 00:03:17,770 --> 00:03:19,930 sponsors today. Obviously they came on the show 59 00:03:19,930 --> 00:03:20,970 yesterday. I thought they were. 60 00:03:20,970 --> 00:03:22,130 I thought it was good speaking to them. 61 00:03:23,130 --> 00:03:25,130 Hopefully. Good shot at doing this. 62 00:03:25,250 --> 00:03:27,410 I know there's not a lot of love for marketplaces, but. 63 00:03:28,480 --> 00:03:30,520 I think they've got a good chance of the way they're doing 64 00:03:30,520 --> 00:03:33,760 it, but we are powered by cracking NFT for the rest of the 65 00:03:33,760 --> 00:03:35,800 month. We're gonna have a bunch of 66 00:03:35,800 --> 00:03:39,480 different things with them over the next month. cracking.com/rug 67 00:03:39,480 --> 00:03:42,800 radio to go check it out. I think next week there's gonna 68 00:03:42,800 --> 00:03:46,400 be some stuff with that guy and Leap and then, yeah, Farok, it's 69 00:03:46,440 --> 00:03:48,520 all over it for the rest of the month as well. 70 00:03:48,520 --> 00:03:50,320 But yeah, they came on the show yesterday. 71 00:03:50,320 --> 00:03:52,400 I thought it was really good. We're gonna do the same format 72 00:03:52,400 --> 00:03:53,320 today. It's gonna be slightly short. 73 00:03:53,320 --> 00:03:55,960 So I realized that my phone could die at any moment. 74 00:03:55,960 --> 00:03:59,770 So if that happens. You know what happened you guys, 75 00:03:59,770 --> 00:04:01,050 that's why you guys are both Co hosts. 76 00:04:01,050 --> 00:04:03,450 You guys are gonna have to just take off, take over the stream 77 00:04:03,450 --> 00:04:06,370 if that happens, but we will, We'll get straight into it 78 00:04:06,370 --> 00:04:09,530 because I think the last 24 hours was pretty eventful, like 79 00:04:09,530 --> 00:04:12,010 there's quite a lot of stuff happening even during the bear 80 00:04:12,010 --> 00:04:14,610 market. The first piece of news was 81 00:04:14,610 --> 00:04:19,290 about this ETF that came out, Kathy Wood Hero. 82 00:04:19,890 --> 00:04:23,490 In this space, including myself. Came loaded as well. 83 00:04:24,060 --> 00:04:26,460 Yeah, for sure. You you have a different sort of 84 00:04:26,460 --> 00:04:30,620 relationship, which feels like Kathy Wood and yeah, like. 85 00:04:30,860 --> 00:04:33,300 What does that mean? Like what I only. 86 00:04:33,380 --> 00:04:36,460 Fancy Kathy Wood for sure. There's just no doubt about it, 87 00:04:36,460 --> 00:04:37,140 no. Comment. 88 00:04:37,380 --> 00:04:40,020 Wait, what? Who's Kathy Wood? 89 00:04:40,100 --> 00:04:42,260 I have to Google this person. You don't. 90 00:04:42,260 --> 00:04:46,500 Know how Kathy Wood she's the she is. 91 00:04:47,180 --> 00:04:52,250 Wait, he fancies this person? For sure. 92 00:04:52,370 --> 00:04:54,890 For sure. Wait, what is? 93 00:04:55,930 --> 00:04:59,170 She doing wow, She's the head of Arc, which is the company that 94 00:04:59,410 --> 00:05:02,330 filed for the SPOT ETF. She's a very, very famous tech 95 00:05:02,330 --> 00:05:03,890 investor. She's got involved in crypto 96 00:05:03,890 --> 00:05:06,570 quite early. I fancy her also. 97 00:05:07,330 --> 00:05:10,810 Yeah, and she is leading the line it seems, with this ETF 98 00:05:10,810 --> 00:05:16,290 spot application. Interestingly, she's the only 99 00:05:16,290 --> 00:05:18,530 person to do it. We haven't seen BlackRock now 100 00:05:18,530 --> 00:05:20,610 come through and do one or Fidelity, but that could happen 101 00:05:20,610 --> 00:05:24,200 in the coming days. Remember BlackRock did it first 102 00:05:24,200 --> 00:05:26,760 for Bitcoin and then all the others piled in. 103 00:05:26,760 --> 00:05:30,000 So it could could happen now with with EVE and Eve pumped to 104 00:05:30,000 --> 00:05:35,120 like 1670, went up a whole 5% and then went straight back down 105 00:05:35,120 --> 00:05:37,760 again or whatever, three, 4%. Then we straight back down 106 00:05:37,760 --> 00:05:40,160 again. So it was kind of depressing 107 00:05:40,160 --> 00:05:44,240 because it was just like, this is really good news if EVE does 108 00:05:44,240 --> 00:05:48,000 do an ETF like that is a very big deal and no one seems to 109 00:05:48,000 --> 00:05:50,040 care. So what did you make of it? 110 00:05:50,040 --> 00:05:53,230 Count. It just feels like it reinforced 111 00:05:53,230 --> 00:05:55,470 my view that there's like one big seller out there 112 00:05:55,630 --> 00:05:58,310 essentially. Obviously spot ETFs are great 113 00:05:58,310 --> 00:06:03,470 for the space in serious L ones. I think I feel like Bitcoin and 114 00:06:03,470 --> 00:06:07,030 E will be the only ones for now until we start to see some 115 00:06:07,190 --> 00:06:11,470 become approved. But yeah, as you just said, like 116 00:06:11,470 --> 00:06:14,630 spiked and then immediately got sold, which was didn't feel 117 00:06:14,630 --> 00:06:17,520 great. And reinforced that there's, 118 00:06:17,560 --> 00:06:20,400 yeah, my view there's one or two massive sellers who are just 119 00:06:20,400 --> 00:06:25,080 whacking any kind of upward movement in price and that's why 120 00:06:25,080 --> 00:06:27,280 we're like crabbing along in this range. 121 00:06:28,440 --> 00:06:30,400 It's tough, man. It's tough when you see this 122 00:06:30,400 --> 00:06:32,440 sort of. We've had so much good news over 123 00:06:32,440 --> 00:06:37,640 the last over the last few weeks and yeah, it does feel this is 124 00:06:37,680 --> 00:06:39,920 the actual point us off about it all. 125 00:06:40,640 --> 00:06:43,320 But you had this. You have the salon of stuff that 126 00:06:43,320 --> 00:06:49,400 came out with. With USDC and PayPal, you've had 127 00:06:49,400 --> 00:06:51,840 just a bunch of different things which implying that Tradfi is 128 00:06:51,840 --> 00:06:55,400 gonna come into this space and I don't know, just. 129 00:06:55,760 --> 00:06:56,960 Wait, wait, what? What is that? 130 00:06:56,960 --> 00:07:00,440 I was taking notes on Kathy Wood and I was just enamored. 131 00:07:00,440 --> 00:07:02,520 So what? What is the bad news? 132 00:07:03,440 --> 00:07:04,920 I don't understand. There is no bad. 133 00:07:04,920 --> 00:07:08,000 News, but the prices. The prices did not reflect that 134 00:07:08,000 --> 00:07:10,840 good news, essentially. Oh, the price is the bad news. 135 00:07:11,240 --> 00:07:14,120 Yeah, exactly. Like we we we went up initially. 136 00:07:15,290 --> 00:07:18,850 Let me just check it out now where we are share this tap 137 00:07:18,850 --> 00:07:22,410 instead. Yeah, Jesus, we have just we 138 00:07:22,410 --> 00:07:25,730 have just stopped. I think we're only up nought .3% 139 00:07:26,050 --> 00:07:29,170 even after that news, which in a bull market that's the sort of 140 00:07:29,170 --> 00:07:32,010 news that you go up like 1020% in a day, but. 141 00:07:32,490 --> 00:07:35,170 Definitely. It feels like in bear markets 142 00:07:35,170 --> 00:07:37,370 there's no one, no one seems to care. 143 00:07:37,370 --> 00:07:41,250 But I think a spot ETF for Eve in some ways could be even 144 00:07:41,250 --> 00:07:42,730 bigger than for Bitcoin, because. 145 00:07:43,470 --> 00:07:45,390 There's been a lot of questions about whether it would be 146 00:07:45,390 --> 00:07:48,430 classed as a commodity and this would be this is a much bigger 147 00:07:48,430 --> 00:07:52,990 deal for that so. Wait, what Is a Spot A spot ETF? 148 00:07:54,150 --> 00:07:55,790 Yeah. So there's two ways that they've 149 00:07:55,790 --> 00:07:57,910 been doing ETFs. One of them is with futures 150 00:07:57,910 --> 00:08:03,830 contracts, which is it's just like a I'm trying to make that 151 00:08:03,830 --> 00:08:07,270 in a different way, but it's a, yeah, derivative contract 152 00:08:07,270 --> 00:08:08,430 basically. You don't actually own the 153 00:08:08,430 --> 00:08:12,390 Bitcoin, you just own the derivative on its price. 154 00:08:13,150 --> 00:08:17,070 I know that might not make a lot of sense, but that the there are 155 00:08:17,070 --> 00:08:19,550 already those sort of ETF's out for things like Bitcoin. 156 00:08:20,190 --> 00:08:22,350 The big thing for Bitcoin has been the spot ETF. 157 00:08:22,350 --> 00:08:27,230 The actual we should involve buying of actual Bitcoin, and 158 00:08:27,230 --> 00:08:30,230 that would be the same for if ether was about to do an ETF 159 00:08:30,710 --> 00:08:35,590 involve these funds actually buying spot Bitcoin, which could 160 00:08:36,150 --> 00:08:39,870 lead to a whole lot of money buying Bitcoin, which could be a 161 00:08:39,870 --> 00:08:42,799 big deal. So spot ETFs are definitely more 162 00:08:42,799 --> 00:08:45,000 important than futures ETFs. In terms? 163 00:08:45,120 --> 00:08:48,560 Of what do you write here? What do you write I? 164 00:08:48,560 --> 00:08:53,320 Should even see what that. Says spot ETF, but okay? 165 00:08:53,320 --> 00:08:56,080 What's the difference between sorry, spot and futures? 166 00:08:57,400 --> 00:09:01,320 Yeah, so a futures contract is a derivative contract. 167 00:09:01,320 --> 00:09:07,690 You don't actually own Bitcoin. You just own, basically on 168 00:09:07,690 --> 00:09:10,090 platforms now, like you can trade futures of Bitcoin or you 169 00:09:10,090 --> 00:09:12,850 can trade futures of E They're normally classes, perks, or they 170 00:09:12,850 --> 00:09:15,170 can be actual features themselves. 171 00:09:15,490 --> 00:09:17,930 And when you own one of those contracts, you don't actually 172 00:09:17,930 --> 00:09:20,650 own Bitcoin. You basically just own a bet on 173 00:09:20,650 --> 00:09:25,160 the price of Bitcoin. Whereas a spot ETF would involve 174 00:09:25,160 --> 00:09:27,480 you actually owning the underlying asset. 175 00:09:27,880 --> 00:09:30,880 So they're much more important for flows of money coming to the 176 00:09:30,880 --> 00:09:33,680 space, because it's not just people betting on the price of 177 00:09:33,800 --> 00:09:36,280 of Bitcoin E going up, it's actually people owning the 178 00:09:36,280 --> 00:09:39,760 underlying asset. So if that was to happen, you 179 00:09:39,760 --> 00:09:42,560 could see 10s of billions of dollars come in and buy things 180 00:09:42,560 --> 00:09:45,320 like Bitcoin E, which I think would be a big deal. 181 00:09:46,300 --> 00:09:49,300 And Kathy Wood, she's proper goat in my mind. 182 00:09:49,300 --> 00:09:51,660 She has wild expectations for the price of Bitcoin. 183 00:09:51,660 --> 00:09:54,220 I think she came out the other day and said she thinks it could 184 00:09:54,220 --> 00:09:59,260 go to 1,000,000 over the next 10 years, which I like. 185 00:09:59,260 --> 00:10:01,380 People like that. I like people dreamers. 186 00:10:03,500 --> 00:10:08,460 They always make you feel good. Yeah, she's the eternal 187 00:10:08,460 --> 00:10:11,420 optimist. And you know, I respect people 188 00:10:11,420 --> 00:10:13,820 who just take, like. She's taking some beatings. 189 00:10:13,820 --> 00:10:17,380 A lot of her funds have not made the best returns and she also so 190 00:10:17,500 --> 00:10:20,220 sold and video. She took a lot of flat for that 191 00:10:20,220 --> 00:10:22,340 selling in video before this like massive pump. 192 00:10:22,900 --> 00:10:26,580 But she just keeps coming back and like everybody loves to try 193 00:10:26,580 --> 00:10:30,820 it right like and she's been reasonably successful and she's 194 00:10:30,820 --> 00:10:33,740 just like keeps banging the drum for kind of attack and 195 00:10:33,740 --> 00:10:36,860 innovation and she has been doing for a long time and I like 196 00:10:36,860 --> 00:10:40,300 that and I agree. I think the dream is always win 197 00:10:40,300 --> 00:10:41,780 in the end. Your dream has always been 198 00:10:42,060 --> 00:10:44,060 Speaking of NVIDIA. We should get onto that as our 199 00:10:44,060 --> 00:10:46,740 second, second thing of the day because it was very interesting 200 00:10:47,020 --> 00:10:50,660 that two of the biggest stocks have carried the whole of, you 201 00:10:50,660 --> 00:10:53,740 know, Crab Vibe for this year have been NVIDIA and Apple, and 202 00:10:53,980 --> 00:10:56,260 there's two pretty negative pieces of headlines coming out 203 00:10:56,260 --> 00:10:57,780 about them over the last 24 hours. 204 00:10:58,780 --> 00:11:01,460 Is the first one that China. China is looking to ban Apple 205 00:11:01,460 --> 00:11:04,140 products. Firstly, it came out there was 206 00:11:04,140 --> 00:11:08,060 looking to ban it for government staff and now it looks like it 207 00:11:08,060 --> 00:11:10,840 might. Expand that into various 208 00:11:10,840 --> 00:11:12,840 different forms of administrative staff and you can 209 00:11:12,840 --> 00:11:16,080 imagine that maybe even going to the general populace now there's 210 00:11:16,080 --> 00:11:18,400 a lot like back and forth about banning of different different 211 00:11:18,400 --> 00:11:20,640 goods. I think the US has actually 212 00:11:20,640 --> 00:11:24,280 banned some chip sales China and US is trying to ban things like 213 00:11:24,280 --> 00:11:26,680 TikTok potentially. So like there is a bit of a tit 214 00:11:26,680 --> 00:11:30,720 for tat wall here, but that I think Apple is down about 5 to 215 00:11:30,720 --> 00:11:35,160 8% so which is important in in a in a market where. 216 00:11:36,560 --> 00:11:40,520 Where so much of the performance this year has been tied to 217 00:11:40,960 --> 00:11:44,920 things like Apple actually this is a CNBC so you can't see it 218 00:11:44,920 --> 00:11:47,600 but and the second one was this NVIDIA stuff. 219 00:11:47,600 --> 00:11:51,600 I don't know if you've seen this Cali, but Nvidia's obviously the 220 00:11:51,600 --> 00:11:56,040 the, the, the big company that's done this move this year, it's 221 00:11:56,040 --> 00:11:59,880 gone above a trillion dollars. It's revenue did like a 4X it's 222 00:12:00,040 --> 00:12:03,400 leading this AI drive and there's. 223 00:12:03,890 --> 00:12:05,450 Here's the here's the thing, we just got a lot of reviews 224 00:12:05,450 --> 00:12:08,170 yesterday. There is a mind boggling theory 225 00:12:08,530 --> 00:12:10,850 that's gaining momentum on X Twitter that Nvidia's black 226 00:12:10,850 --> 00:12:14,370 performance this year has been fueled by fake GPU sales to fake 227 00:12:14,370 --> 00:12:17,170 nonexisting clients. Some have speculated the AIAI 228 00:12:17,250 --> 00:12:20,810 tech company calling Coin Weave Core Weave has made orders for 229 00:12:20,810 --> 00:12:22,370 NVIDIA among the billions of dollars. 230 00:12:22,570 --> 00:12:25,050 There's one caveat though. Core Weave might not be a real 231 00:12:25,050 --> 00:12:27,170 company. Instead, it's a shell company 232 00:12:27,210 --> 00:12:32,890 owned by NVIDIA and BlackRock. Now there's a yeah, you you go. 233 00:12:33,840 --> 00:12:35,440 Didn't I put this in our chat yesterday? 234 00:12:36,320 --> 00:12:39,960 I was like, look, you need to pay more attention to me. 235 00:12:40,280 --> 00:12:45,240 Yeah, this game traction a few, like a week or two ago when it 236 00:12:45,240 --> 00:12:48,000 was announced, actually, people like there's zero. 237 00:12:48,400 --> 00:12:51,800 There's this enormous increase in orders and revenue coming in, 238 00:12:52,200 --> 00:12:56,280 but there's no increase at all in marketing spend, cost of 239 00:12:56,280 --> 00:12:59,560 goods sold, customer acquisition, anything. 240 00:12:59,560 --> 00:13:02,160 And that's kind of strange, even if they've been really efficient 241 00:13:02,160 --> 00:13:04,880 and really. UH performed really well. 242 00:13:04,880 --> 00:13:09,000 You'd see a slight uptick in the cost that it would take to like 243 00:13:09,000 --> 00:13:11,920 acquire customers or service new customers, etc, etc. 244 00:13:12,320 --> 00:13:15,640 So at the time, people like HMM and then it slowly started 245 00:13:15,640 --> 00:13:18,360 gaining traction and momentum. Um. 246 00:13:19,960 --> 00:13:22,400 So this is there's a very famous research house. 247 00:13:23,440 --> 00:13:28,840 You know them, but they they have put out this teaser being 248 00:13:28,840 --> 00:13:30,480 like tomorrow we we publish our big. 249 00:13:30,950 --> 00:13:33,910 On yeah, the fact that they're a famous short seller, the fact 250 00:13:33,910 --> 00:13:37,510 that by far one of the biggest, biggest target by market cap 251 00:13:37,510 --> 00:13:39,590 feels secondary to the fact that we believe that this might be 252 00:13:40,150 --> 00:13:42,590 our most important country today, even for people who don't 253 00:13:42,590 --> 00:13:46,190 participate in the stock market. It sounds like there's going to 254 00:13:46,190 --> 00:13:50,510 be a lot of negative information about NVIDIA now and I think 255 00:13:50,510 --> 00:13:52,310 that would be. I think that would be super 256 00:13:52,310 --> 00:13:56,630 interesting if, yeah, let me let me just post the man in minutes 257 00:13:57,110 --> 00:13:59,430 up at the top so people feel like they have it. 258 00:14:01,150 --> 00:14:04,870 But if if you start to see NVIDIA and Apple take a beating, 259 00:14:04,870 --> 00:14:07,390 do you think do you think the whole of the stock market's 260 00:14:07,390 --> 00:14:14,870 going to go here, Kelly? In some ways, I mean they are 261 00:14:14,870 --> 00:14:17,790 the whole stock market, right? Like in some ways the amount of 262 00:14:17,790 --> 00:14:22,190 the index that Apple and NVIDIA account for is enormous. 263 00:14:24,230 --> 00:14:27,030 Also, if you have these like darling tech stocks. 264 00:14:27,450 --> 00:14:30,250 Start to collapse then like everything just collapses by 265 00:14:30,250 --> 00:14:32,610 association essentially. Or collapse is probably a strong 266 00:14:32,610 --> 00:14:35,290 word. But these guys in the insane 267 00:14:35,290 --> 00:14:38,050 performance this year have been holding up kind of returns and 268 00:14:38,050 --> 00:14:41,170 if that starts to falter then everyone just heads to exit at 269 00:14:41,170 --> 00:14:42,130 the same time. I think. 270 00:14:44,050 --> 00:14:45,450 I don't know. It reminds me of that meme 271 00:14:45,450 --> 00:14:49,210 whether the door is being held in by the the locked by the 272 00:14:49,210 --> 00:14:53,010 Wattsit twigler. I just don't even. 273 00:14:53,010 --> 00:14:55,170 I didn't even have the chance to look into how bad. 274 00:14:55,530 --> 00:14:57,850 This was from the account perspective, I know obviously a 275 00:14:58,010 --> 00:15:01,490 lot of companies like fake results, but Nvidia's does have 276 00:15:01,730 --> 00:15:05,290 legitimate crazy demand for its AI chips. 277 00:15:05,290 --> 00:15:08,610 But there's there's no doubting that it has that sort of level 278 00:15:08,610 --> 00:15:11,010 of demand because you have all these countries around the world 279 00:15:11,010 --> 00:15:14,010 like literally begging the US to get those chips in. 280 00:15:14,210 --> 00:15:16,770 So why they would need to do this seems a bit ridiculous to 281 00:15:16,770 --> 00:15:19,610 me. But if they have, then yeah, 282 00:15:19,610 --> 00:15:21,410 it's not. It's not going to look good and 283 00:15:21,690 --> 00:15:22,850 who knows, maybe we get a bunch of. 284 00:15:24,150 --> 00:15:27,390 Crypto Bros going to AI Coming back to Crypto if This. 285 00:15:28,790 --> 00:15:31,950 That would be a yeah, an interesting redemption arc 286 00:15:32,310 --> 00:15:34,350 theory. Ryan Carlson coming back? 287 00:15:35,750 --> 00:15:37,630 He's probably the CEO of. Call weave. 288 00:15:39,710 --> 00:15:43,030 Okay Wait, wait, you guys are legit nerding out. 289 00:15:43,230 --> 00:15:45,390 You guys are actually nerding out. 290 00:15:45,770 --> 00:15:50,170 So are tech stocks like collapsing or what's the issue 291 00:15:50,170 --> 00:15:52,730 like I'm they? Are, well, not collapsing, 292 00:15:52,770 --> 00:15:53,930 right. They've had a very, very good 293 00:15:53,930 --> 00:15:57,690 year and. Very. 294 00:15:58,330 --> 00:16:00,250 Why are they having a bad time right now? 295 00:16:00,930 --> 00:16:02,490 Well, it just looks like they could be. 296 00:16:02,770 --> 00:16:05,490 What we mentioned about Apple was the stuff happened with 297 00:16:05,490 --> 00:16:08,210 China. China's a massive bit of Apple 298 00:16:08,210 --> 00:16:09,570 sales. Massive, massive. 299 00:16:09,850 --> 00:16:13,530 So if China comes in and decides that they're gonna ban Apple 300 00:16:13,530 --> 00:16:16,480 products. Apple stock could drop double 301 00:16:16,480 --> 00:16:19,720 digits very, very quickly, maybe like 2030%. 302 00:16:20,240 --> 00:16:22,760 Wait, why would China do that again? 303 00:16:24,680 --> 00:16:28,040 It's a bit of a tit for tat war about people thinking they're 304 00:16:28,040 --> 00:16:30,920 spying on each other and there's maybe a little legit it's not 305 00:16:30,920 --> 00:16:33,120 finding each other. But they don't like technology 306 00:16:33,120 --> 00:16:35,120 companies seeking each other's economies. 307 00:16:35,400 --> 00:16:38,200 It's why the US has banned so many different Chinese tech 308 00:16:38,200 --> 00:16:39,800 companies. It's why they're maybe even 309 00:16:39,800 --> 00:16:43,290 planning on banning TikTok. And that now looks like China is 310 00:16:43,290 --> 00:16:45,450 doing the same with potentially with Apple. 311 00:16:46,210 --> 00:16:48,250 So that's the Apple story. And then this NVIDIA story is a 312 00:16:48,250 --> 00:16:52,850 bit more murky, like it's half, it's half rumors at this stage. 313 00:16:52,850 --> 00:16:57,170 But even if even with half rumors, this company has been 314 00:16:57,170 --> 00:17:00,330 parabolic this year and has caused the majority a large bit 315 00:17:00,330 --> 00:17:04,890 of the performance in the US stock market AI. 316 00:17:05,500 --> 00:17:08,859 If you start to see a very weak stock market and or these two 317 00:17:08,859 --> 00:17:11,700 companies start to fall out of beta, then I think that's that's 318 00:17:11,700 --> 00:17:16,460 a dangerous bit to be. I will not be good for 319 00:17:16,460 --> 00:17:19,220 sentiment, Ryan, if you're listening. 320 00:17:19,500 --> 00:17:20,540 Yeah, Ryan, come back. Hey. 321 00:17:20,700 --> 00:17:23,500 Ryan, yo. And you need a shoulder to cry 322 00:17:23,500 --> 00:17:25,339 on or you need a job back in crypto. 323 00:17:25,579 --> 00:17:28,140 Hit me up. Can you imagine these notes are 324 00:17:28,140 --> 00:17:32,220 not looking good? Guys like I'm not looking good. 325 00:17:33,130 --> 00:17:35,250 Got up the right. Side this news is good but just 326 00:17:35,250 --> 00:17:37,490 reaction was bad. This news is like legitimate 327 00:17:37,570 --> 00:17:41,170 could legitimately be very bad. But we will, we will move on 328 00:17:41,170 --> 00:17:45,290 from that to the to the third distribution of the day, which 329 00:17:45,290 --> 00:17:49,370 was did you see the new crypto TV show that that could be 330 00:17:49,370 --> 00:17:56,090 coming out We find out on. It's it doesn't it doesn't paint 331 00:17:56,090 --> 00:17:58,250 us in the best lie. I think they've chosen the 332 00:17:58,250 --> 00:18:00,010 interesting characters, which is like. 333 00:18:00,400 --> 00:18:05,960 What TV shows always do. But yeah, my grandma, if she was 334 00:18:05,960 --> 00:18:09,560 still alive, will not be happy with my career choice, that's 335 00:18:09,560 --> 00:18:11,240 for sure. You think it's going to be that 336 00:18:11,240 --> 00:18:13,240 bad? Should we watch a little bit of 337 00:18:13,240 --> 00:18:17,560 the trailer? Yes, put this. 338 00:18:17,640 --> 00:18:23,360 Down on Oh, it's an ad. Yeah, it's Brian D Evans, Leia, 339 00:18:23,360 --> 00:18:26,840 how and I think it's maybe the famous have the three of them. 340 00:18:27,560 --> 00:18:32,440 And George Tong. These are all like influences 341 00:18:32,440 --> 00:18:36,720 essentially who have done a Apprentice meets Shark Tank 342 00:18:36,880 --> 00:18:40,280 style show book for crypto and you're gonna be out to watch it 343 00:18:40,280 --> 00:18:45,000 on I believe, Apple TV. Prime. 344 00:18:45,120 --> 00:18:45,880 Amazon. Amazon. 345 00:18:45,880 --> 00:18:47,840 Prime. That was Amazon. 346 00:18:47,840 --> 00:18:49,880 Amazon Prime. I don't think anyone really 347 00:18:49,880 --> 00:18:54,820 watches Amazon Prime. Well, hopefully they don't. 348 00:18:55,300 --> 00:18:58,500 It looks. Oh my God, if you said Apple TV, 349 00:18:58,500 --> 00:19:03,060 I'd be like, hey, we're done, but Amazon Prime, I feel like. 350 00:19:03,140 --> 00:19:05,020 Does anyone really watch anything for Amazon Prime? 351 00:19:05,740 --> 00:19:07,820 I'm trying to get the thing for it to TV show. 352 00:19:08,700 --> 00:19:13,860 Do people watch TV anymore? I well, it's obviously going on 353 00:19:13,860 --> 00:19:17,660 one of these on demand TV shows but it looks horrific at the the 354 00:19:17,780 --> 00:19:18,580 the. My. 355 00:19:18,660 --> 00:19:23,360 God. It looks like something that I 356 00:19:23,360 --> 00:19:25,280 watched one of the first intent and. 357 00:19:32,160 --> 00:19:35,360 No one could hear. It's really here really trying. 358 00:19:36,040 --> 00:19:38,040 There we. Go and from what I heard, he was 359 00:19:38,040 --> 00:19:39,040 convincing. And the numbers. 360 00:19:39,040 --> 00:19:45,330 Show it. 3.0 Gaming. Project Defy Kingdoms. 361 00:19:45,450 --> 00:19:47,370 Defy. Kingdoms, welcome to the show. 362 00:19:47,530 --> 00:19:49,170 Thank you. Very happy to be here. 363 00:19:49,170 --> 00:19:52,250 Excited to be a part of the show, the competition and to 364 00:19:52,250 --> 00:19:53,970 meet and compete with the other contestants. 365 00:19:54,170 --> 00:19:55,650 Tell us about yourself. Sure. 366 00:19:55,650 --> 00:19:57,610 My name is Dreamer. I'm the President at Kingdom 367 00:19:57,610 --> 00:20:00,010 Studios, which is the main development company for the 368 00:20:00,010 --> 00:20:02,730 mention Defy Kingdoms. Great, now I've. 369 00:20:02,730 --> 00:20:03,850 Heard you have a lot of. Hobbies. 370 00:20:06,090 --> 00:20:06,690 Great. Right. 371 00:20:06,850 --> 00:20:09,330 I think you've heard about games, but like, you have all 372 00:20:09,330 --> 00:20:11,850 these people. Come on, is this like an IRL 373 00:20:11,850 --> 00:20:15,970 spaces but like worse? It's way worse, I think it's so 374 00:20:16,050 --> 00:20:18,610 bad. It looks so bad, but why are 375 00:20:18,610 --> 00:20:20,770 they just standing? Like why the? 376 00:20:21,850 --> 00:20:25,170 I think the prize is 150 grand. So like you, they all come up 377 00:20:25,170 --> 00:20:26,650 and they pitch some sort of concept. 378 00:20:26,650 --> 00:20:30,770 I mean, it's not that bad. Like it's. 379 00:20:31,050 --> 00:20:33,290 I don't know who any of these people are. 380 00:20:33,290 --> 00:20:35,490 Like, who's that girl? Who's that guy? 381 00:20:36,430 --> 00:20:40,350 So she's. Pretty well known. 382 00:20:40,350 --> 00:20:44,510 Well, I think. She definitely came up in like 383 00:20:44,910 --> 00:20:49,310 the last cycle. I think she's got 600 there she 384 00:20:49,310 --> 00:20:51,990 is 600,000. Yeah, I do know. 385 00:20:52,030 --> 00:20:56,070 I do know this person. Yeah, though quite funny that 386 00:20:56,070 --> 00:20:59,430 yesterday also something came out about her like. 387 00:21:03,020 --> 00:21:04,500 Alpha group that she's a member of. 388 00:21:04,500 --> 00:21:07,180 There was another article, I don't have Cal that you've got 389 00:21:08,020 --> 00:21:11,700 it, but there was an article that basically said that it's a 390 00:21:11,700 --> 00:21:13,660 pump and dump group and it didn't come. 391 00:21:13,740 --> 00:21:17,300 It wasn't great timing to see that at the same time that we we 392 00:21:17,300 --> 00:21:27,060 saw that's what they do though. Probably. 393 00:21:19,540 --> 00:21:23,540 They wait for these type of big announcements to be like this 394 00:21:23,540 --> 00:21:28,620 person is just yeah. There's part of that, but these 395 00:21:28,660 --> 00:21:31,020 people are definitely influencers rather than let's 396 00:21:31,020 --> 00:21:34,260 say. Dragons then like 397 00:21:34,260 --> 00:21:37,300 multimillionaires, like they're more influenced more here. 398 00:21:37,300 --> 00:21:42,940 So like Judge Judge, it feels like they are trying to get 399 00:21:42,940 --> 00:21:45,340 famous more than actually get the good projects. 400 00:21:45,620 --> 00:21:49,300 A. $150,000 is a lot, but it's not like unbelievable amounts of 401 00:21:49,300 --> 00:21:51,300 money for a raise, right? It's actually quite a small, 402 00:21:51,620 --> 00:21:54,900 small amount for a project to be raising. 403 00:21:55,300 --> 00:21:58,510 So this feels to me more like. We're gonna try and make these 404 00:21:58,510 --> 00:22:01,310 three crypto influences more famous rather than let's find 405 00:22:01,310 --> 00:22:03,590 the next cryptogem, which is the start of the show, but. 406 00:22:03,990 --> 00:22:05,070 I'm gonna watch it. Well. 407 00:22:06,030 --> 00:22:07,950 Just to see what the pilot is. Oh my God, man. 408 00:22:08,310 --> 00:22:12,350 I'm gonna watch it also. I feel like there's a self 409 00:22:12,350 --> 00:22:16,710 selection problem where if you're a good company you would 410 00:22:16,710 --> 00:22:19,580 never go on that. Anyways, if you're a bad company 411 00:22:19,580 --> 00:22:22,060 and you're desperate and you know you can't raise money for 412 00:22:22,060 --> 00:22:27,260 investors and you need 150K for a fucking Hail Mary 100 X 1000 X 413 00:22:27,260 --> 00:22:31,020 Levid play on Ethereum, then you kind of go on the show. 414 00:22:31,020 --> 00:22:35,100 I don't know, maybe. Maybe. 415 00:22:35,140 --> 00:22:38,460 You know, maybe they're just like we want exposure and like 416 00:22:38,460 --> 00:22:41,860 you know a friend who knows a friend and and like whatever 417 00:22:41,860 --> 00:22:46,830 whatever it is. But it it is funny how it's 418 00:22:46,830 --> 00:22:48,790 always like this. Like, I don't know, I'll see 419 00:22:48,790 --> 00:22:52,750 like these big brands like collaborate with not talking 420 00:22:52,750 --> 00:22:55,270 about like this show specifically but just in general 421 00:22:55,270 --> 00:22:59,270 like I'll see these big brands Like you know the the thing 422 00:22:59,270 --> 00:23:03,030 about like web three quote UN quote influencers is like they 423 00:23:03,030 --> 00:23:05,950 don't their shelf life is like a week. 424 00:23:06,390 --> 00:23:10,470 So it's like by the time the big brands like like, they'll 425 00:23:10,470 --> 00:23:13,950 approve someone who may have been relevant for a week like 426 00:23:14,110 --> 00:23:17,510 two years ago and now is just irrelevant because they've 427 00:23:17,630 --> 00:23:20,110 either like rugged or they're just like nobody cares what they 428 00:23:20,110 --> 00:23:22,950 have to say anymore because they're just like not active or 429 00:23:22,950 --> 00:23:25,310 whatever it is. So I've seen that a lot. 430 00:23:25,310 --> 00:23:28,390 So if you're a big brand like make sure you're like speaking 431 00:23:28,390 --> 00:23:31,470 to like who's relevant or like your marketing campaign is like 432 00:23:31,470 --> 00:23:35,350 factoring in that like you might have to re recheck back who's 433 00:23:35,350 --> 00:23:38,430 relevant like that month. It's weird, but you know. 434 00:23:39,510 --> 00:23:40,470 So what? What do you think? 435 00:23:40,470 --> 00:23:42,150 How do you think this is going to be positive or negative for 436 00:23:42,150 --> 00:23:44,710 crypto, do you think? This is negative, negative, 437 00:23:44,830 --> 00:23:47,350 Definitely negative. For the broader image, everybody 438 00:23:47,350 --> 00:23:49,710 already thinks the whole thing is a scam, and now you've got 3 439 00:23:49,710 --> 00:23:52,110 scammers picking the best fucking scam I. 440 00:23:52,310 --> 00:23:53,430 Think they're all scammers, right? 441 00:23:53,470 --> 00:23:56,910 They're all like, I think influencers. 442 00:23:56,950 --> 00:24:00,230 They don't necessarily scammers. But OK, the line is Gray, I 443 00:24:00,230 --> 00:24:02,990 think for the people like this, but. 444 00:24:04,490 --> 00:24:07,050 Yeah, that's just my two cents. I hope everybody from the show 445 00:24:07,050 --> 00:24:11,770 does very well so someone chat. Chat, said RUG Tank. 446 00:24:12,570 --> 00:24:14,010 It could be. I don't think there's. 447 00:24:14,010 --> 00:24:16,850 Gonna be a better name. That'd be a good name. 448 00:24:17,370 --> 00:24:22,090 We should do like an episode of Rug Tank just for like before. 449 00:24:22,090 --> 00:24:24,050 This was this was a wild thing to come out. 450 00:24:24,490 --> 00:24:29,050 Like literally the day that this drops, basically it came out. 451 00:24:29,090 --> 00:24:31,010 I don't think it's either to see the thing here, but. 452 00:24:31,970 --> 00:24:34,850 I have information about two new crypto opportunities I'm gonna 453 00:24:34,850 --> 00:24:36,650 share with you. It's basically just a pump and 454 00:24:36,650 --> 00:24:40,010 dump group and this is 5th of December. 455 00:24:40,090 --> 00:24:42,610 So yeah, probably not the best time to. 456 00:24:43,450 --> 00:24:46,930 I mean, is it their fault if something rugged like I don't 457 00:24:47,010 --> 00:24:48,730 know. I don't know, but it probably 458 00:24:48,770 --> 00:24:50,610 tells you. Again, this project might even 459 00:24:50,610 --> 00:24:52,210 be fine, but it tells you the style. 460 00:24:52,210 --> 00:24:55,530 This is not. This is not gonna be like Shark 461 00:24:55,530 --> 00:24:58,170 Tank or the. Apprentices, I mean, in this 462 00:24:58,210 --> 00:25:01,450 individual's, You're right. But in this individual's 463 00:25:01,570 --> 00:25:06,810 defense, you know what that message is just like sharing 464 00:25:06,810 --> 00:25:10,290 information, which everybody in the group is there to have. 465 00:25:10,290 --> 00:25:14,290 Like if you're in one of those WhatsApp groups, like, you know 466 00:25:14,290 --> 00:25:16,730 what you're getting into, You know what I'm saying? 467 00:25:16,730 --> 00:25:19,730 Like, you know, you know what you're getting into. 468 00:25:19,970 --> 00:25:22,730 Again, I don't know this individual and no idea about 469 00:25:22,730 --> 00:25:27,230 their morals, ethics, values, whatever, but I do see I have to 470 00:25:27,230 --> 00:25:29,510 come in hot with, I don't know, chat. 471 00:25:29,510 --> 00:25:30,910 You might disagree, I'm not sure. 472 00:25:31,070 --> 00:25:33,670 But when I see those type of like screenshots, especially 473 00:25:33,670 --> 00:25:36,350 when it's like why didn't you release that before the show? 474 00:25:36,470 --> 00:25:38,350 Like, I just feel like it's other people trying to get 475 00:25:38,350 --> 00:25:41,030 attention. Well, to be fair, that is from 476 00:25:41,030 --> 00:25:43,510 the 5th, it's from the 5th, so I don't know if it's like some. 477 00:25:43,790 --> 00:25:45,150 So it's recently, right? Right. 478 00:25:45,310 --> 00:25:45,710 True, true. True. 479 00:25:45,830 --> 00:25:48,950 Initially the same day, but I agree with you, like people are 480 00:25:48,950 --> 00:25:53,870 part of those groups. To be part of the pump like they 481 00:25:53,870 --> 00:25:56,310 always try scam after it. There was another one yesterday 482 00:25:56,310 --> 00:26:00,350 that came out like I think the ticket was CBOT and like 4 483 00:26:00,350 --> 00:26:03,510 prominent crypto traders all got caught in a pump and dump 484 00:26:03,510 --> 00:26:04,630 yesterday. You can all do the research 485 00:26:04,630 --> 00:26:06,590 yourself. I put it on Manda minutes but 486 00:26:08,670 --> 00:26:11,950 maybe I will just share that one if we have enough. 487 00:26:13,510 --> 00:26:19,390 No, it was cruel to CBOT. You should watch the video here. 488 00:26:19,390 --> 00:26:22,910 It's kind of wild, but basically it's a, it's a WhatsApp 489 00:26:22,910 --> 00:26:24,670 conversation where he's basically saying he's going to 490 00:26:24,870 --> 00:26:29,150 get all these influences into pump it and they ended up 491 00:26:29,150 --> 00:26:31,670 dumping all their tokens and this went viral. 492 00:26:31,670 --> 00:26:34,070 So like all the influences involved here all have to come 493 00:26:34,070 --> 00:26:37,470 out and basically deny involvement, even though they 494 00:26:37,470 --> 00:26:39,390 were clearly involved. It was, it was pretty funny to 495 00:26:39,390 --> 00:26:41,430 see. But yeah, just be careful. 496 00:26:41,630 --> 00:26:44,630 Be careful out there listening to, listening to influencers. 497 00:26:45,750 --> 00:26:53,390 Don't even listen to us. Dyoa, I need a professional. 498 00:26:53,390 --> 00:26:55,710 Like we should have like a professional class on like how 499 00:26:55,710 --> 00:26:58,630 to do your own research. I feel like that's something you 500 00:26:58,630 --> 00:27:00,430 like. Not everybody knows how to do. 501 00:27:01,030 --> 00:27:01,790 Like, I don't know. Yeah. 502 00:27:01,950 --> 00:27:04,030 Yeah, maybe, maybe, maybe This is the show. 503 00:27:04,070 --> 00:27:05,870 Maybe we're doing the research, We're helping you. 504 00:27:06,150 --> 00:27:08,150 Don't trust the word that we say, but where we are helping 505 00:27:08,150 --> 00:27:10,310 you. All right. 506 00:27:10,310 --> 00:27:12,630 So we'll go to, we'll go to the next thing. 507 00:27:13,060 --> 00:27:15,260 I don't know if we'll be watching that but still it is. 508 00:27:16,020 --> 00:27:19,660 It is interesting to see the the the fourth thing that we were 509 00:27:19,660 --> 00:27:21,620 going to bring up was this pudge of Penguins figure that that's 510 00:27:21,620 --> 00:27:24,860 been doing the rounds. I put it on the Mando minutes 511 00:27:25,020 --> 00:27:30,580 yesterday but he came out in Korea obviously that's what 512 00:27:30,580 --> 00:27:32,940 looking at this is and it was kind of a second hand piece of 513 00:27:32,940 --> 00:27:34,500 information. I think it was reported on by 514 00:27:34,500 --> 00:27:42,260 Punk 9059, but it said that Luca predicted we're going to do 10. 515 00:27:42,650 --> 00:27:46,650 Million of sales in the first seven months or they were 516 00:27:46,650 --> 00:27:51,210 projected to, they were projected to which is quite 517 00:27:51,410 --> 00:27:57,250 frankly a wild stat is very, very high I think for a even for 518 00:27:57,250 --> 00:27:59,730 a toy business. And there's been some questions 519 00:27:59,730 --> 00:28:03,250 about like, did he actually say this or like was was this 520 00:28:03,250 --> 00:28:06,330 information true because it is such a high figure they would 521 00:28:06,330 --> 00:28:09,210 have had to sell like hundreds of thousands of these of units I 522 00:28:09,210 --> 00:28:10,410 think to get something like this, but. 523 00:28:11,670 --> 00:28:15,270 Still like he is leading the way on that on that ecommerce style 524 00:28:15,510 --> 00:28:18,750 style. The idea of building a brand out 525 00:28:18,750 --> 00:28:22,230 of the the NFTIP Pudgy Penguins has always done very good during 526 00:28:22,230 --> 00:28:24,790 this bear market. They are still around 4E floor 527 00:28:24,790 --> 00:28:26,710 but it's one of those bearish flips. 528 00:28:26,710 --> 00:28:29,830 But I think they flick pretty much everyone now. 529 00:28:30,190 --> 00:28:35,190 Maybe Azuki is still Azuki and D gods is slightly over them, but 530 00:28:35,270 --> 00:28:38,840 it's it's impressive. Still, I think they did. 531 00:28:38,840 --> 00:28:40,200 I think they've done a decent job. 532 00:28:41,480 --> 00:28:42,960 What do you think, Cali? What do you think about this 533 00:28:42,960 --> 00:28:45,920 business model? Do you think that figures? 534 00:28:45,920 --> 00:28:46,920 I love it? True. 535 00:28:46,920 --> 00:28:51,320 Do you think it's achievable? Yeah, I think it's true. 536 00:28:51,760 --> 00:28:55,720 I think these guys that reach has been incredible. 537 00:28:55,720 --> 00:28:59,580 They've targeted. They've got the NFTIP, they've 538 00:28:59,580 --> 00:29:03,180 got the NFT community and then they've gone out into the actual 539 00:29:03,380 --> 00:29:06,660 business world like they were at the Licensing Expo in Vegas, 540 00:29:06,660 --> 00:29:11,140 which is I think the biggest Expo in Vegas focused on and 541 00:29:11,140 --> 00:29:15,100 it's focused on licensing and like toy buyers and wholesale 542 00:29:15,100 --> 00:29:19,260 buyers getting to know your IP, they were all, they've also won 543 00:29:19,260 --> 00:29:20,700 like various different toy awards. 544 00:29:20,700 --> 00:29:24,460 Everything on Amazon is sold out but the minimum order quantities 545 00:29:24,460 --> 00:29:26,620 on this. Type of stuff will not have been 546 00:29:26,620 --> 00:29:30,980 low. So the 300,000 unit or like 547 00:29:30,980 --> 00:29:35,100 300,000 to 500,000 units size in terms of that 10 million sales 548 00:29:35,100 --> 00:29:38,700 figure that feels about right to me like the minimum motor 549 00:29:38,820 --> 00:29:41,540 quantity is probably 100K minimum and they probably did 550 00:29:41,540 --> 00:29:43,940 two or three runs. So and that's how you get there. 551 00:29:45,660 --> 00:29:49,620 Yeah, I mean Lucas, he gets it. He gets, he clearly understands 552 00:29:49,620 --> 00:29:51,300 the commerce. He clearly understands. 553 00:29:52,600 --> 00:29:55,760 Consumer mentality and behavior and he's trying to innovate and 554 00:29:55,760 --> 00:29:57,160 push it. I absolutely love what they're 555 00:29:57,160 --> 00:29:59,480 doing and they've got about it in the right way. 556 00:29:59,480 --> 00:30:03,080 They they he is immediately understood that you know, your 557 00:30:03,080 --> 00:30:05,440 10,000 biggest fans are the NFT holders. 558 00:30:05,880 --> 00:30:08,680 You can't just sell stuff to them and they can't just be 559 00:30:08,680 --> 00:30:10,240 NFTS. You have to think bigger and you 560 00:30:10,240 --> 00:30:14,480 have to think broader and you know having a Penguin which is 561 00:30:14,720 --> 00:30:17,520 globally recognizable. And I I watched a little bit of 562 00:30:17,520 --> 00:30:21,620 the rest of his talk. And I 100% agree with him here 563 00:30:21,620 --> 00:30:25,380 that the Penguin is like globally recognizable as a cute 564 00:30:25,380 --> 00:30:28,940 thing. A lot of the other collections 565 00:30:28,940 --> 00:30:32,380 are, you know, more popular in one culture and less popular in 566 00:30:32,380 --> 00:30:35,260 the other, etcetera, etcetera. Everybody all over the world 567 00:30:35,260 --> 00:30:38,940 loves Penguins, and this kind of globally recognizable is this 568 00:30:38,940 --> 00:30:42,060 cute thing. I it's hard to fault them 569 00:30:42,060 --> 00:30:44,460 currently. I'm I'm super impressed. 570 00:30:45,020 --> 00:30:45,900 With everything that they've done. 571 00:30:45,900 --> 00:30:49,420 And yeah, if they like, if they can't do it, then nobody in the 572 00:30:49,420 --> 00:30:52,340 space can do it in my opinion. So we all should be rooting, 573 00:30:52,540 --> 00:30:54,980 rooting for the Penguins. I don't even own a Penguin. 574 00:30:55,500 --> 00:30:58,420 I didn't. Realize how big a Penguin guy 575 00:30:58,420 --> 00:31:01,780 you are, A. 100% brought up on Penguin, if you know what that 576 00:31:01,780 --> 00:31:04,020 is, yeah. What do you think? 577 00:31:04,020 --> 00:31:09,500 We can, I think are you even following Luca on Twitter? 578 00:31:09,900 --> 00:31:13,460 It's just click the button. Like literally just click the 579 00:31:13,460 --> 00:31:15,190 button. Yeah. 580 00:31:15,190 --> 00:31:17,870 No Lucas, an absolute beast. I've known him for a really long 581 00:31:17,870 --> 00:31:23,550 time and what he does is something that is it shouldn't 582 00:31:23,550 --> 00:31:25,430 be look past as like yeah I could do it. 583 00:31:25,430 --> 00:31:30,470 It's easy. It's a very hard thing like the 584 00:31:30,470 --> 00:31:35,550 the e-commerce toy industry. It's something that I wish that 585 00:31:35,550 --> 00:31:38,070 like I was able to be like a Luca nuts. 586 00:31:38,070 --> 00:31:40,600 Like I literally like I say it a lot. 587 00:31:40,600 --> 00:31:43,960 I'm just like I wish I had whatever he's got going on 588 00:31:43,960 --> 00:31:49,600 because it's hard to do that so mad respect to him. 589 00:31:49,840 --> 00:31:52,760 I don't think that he's the type of person to just throw a number 590 00:31:52,760 --> 00:31:55,360 that's not accurate. I think that he's probably 591 00:31:55,400 --> 00:31:57,560 really careful with his words. So I definitely think that if he 592 00:31:57,560 --> 00:32:02,240 says, you know, in NFC statistics, I mean they're 593 00:32:02,240 --> 00:32:05,760 pretty also accurate, you know, person. 594 00:32:05,760 --> 00:32:09,000 So I definitely think that it's true and they've been killing it 595 00:32:09,000 --> 00:32:11,320 on all socials and been grinding. 596 00:32:11,320 --> 00:32:15,600 So yeah, I think it's great. He's actually come out and said 597 00:32:15,600 --> 00:32:17,600 there's characters in Asia that have become billion dollar 598 00:32:17,600 --> 00:32:20,760 businesses of off stickers and emotes. 599 00:32:21,520 --> 00:32:25,400 Pay attention doing it right in front of you and then they have 600 00:32:25,400 --> 00:32:27,240 a big reach on a bunch of different. 601 00:32:27,600 --> 00:32:31,520 Like Giphy platforms? And Twitter and yeah, a lot of 602 00:32:31,520 --> 00:32:35,320 people like, they're very, they have like a whole, like deck and 603 00:32:35,320 --> 00:32:38,080 a whole website just for the GIFs, like they're very GIF 604 00:32:38,080 --> 00:32:41,400 focused. And that's another like amazing, 605 00:32:41,640 --> 00:32:44,960 you know, marketing tactic that, you know, there's a lot of 606 00:32:44,960 --> 00:32:49,120 marketing tools that a lot of people in Web Three don't use. 607 00:32:49,570 --> 00:32:53,250 One of them is the GIF's. Another is the augmented reality 608 00:32:53,250 --> 00:32:55,650 tools. I know working with OD Labs that 609 00:32:55,650 --> 00:32:59,090 so many brands and people that like come to us like they 610 00:32:59,090 --> 00:33:03,450 overlook how many impressions you can get from using augmented 611 00:33:03,450 --> 00:33:07,890 reality on, you know, the the filters on Instagram and on 612 00:33:07,890 --> 00:33:11,330 TikTok. Like we had around 750 million 613 00:33:11,330 --> 00:33:13,530 impressions on there. So those are some. 614 00:33:13,610 --> 00:33:16,810 Those are like 2 tools that a lot of people aren't using. 615 00:33:16,810 --> 00:33:21,290 So big ups to Luca. And check out some other tools. 616 00:33:21,290 --> 00:33:26,250 Don't be afraid to experiment. Yeah, they had like 4 billion. 617 00:33:27,930 --> 00:33:29,490 I'm, I say GIF. I'm old school. 618 00:33:29,490 --> 00:33:33,010 I say GIF as well. Let's not get into this debate, 619 00:33:33,450 --> 00:33:35,170 whatever, whatever. This is a. 620 00:33:35,330 --> 00:33:37,050 Generational thing. We're boomers. 621 00:33:37,330 --> 00:33:38,890 That's Mika. So, like, maybe we are. 622 00:33:39,450 --> 00:33:45,290 No, honestly, I'm also like, you know, So we'll see. 623 00:33:45,330 --> 00:33:46,930 Yeah, just. Like 4 billion. 624 00:33:47,480 --> 00:33:48,920 They've had like 4 billion gift fees. 625 00:33:48,920 --> 00:33:52,760 I think more now probably 5 like yeah, they're doing a great job. 626 00:33:52,760 --> 00:33:55,280 And that as you said that understanding the reach of 627 00:33:55,280 --> 00:33:58,560 different platforms, which I think and that they were the 628 00:33:58,560 --> 00:34:01,200 first like other people will copy them if they have success. 629 00:34:02,040 --> 00:34:04,920 But I don't think other people will be able to do it to the 630 00:34:04,920 --> 00:34:09,520 same scale and the same quality and the same kind of have the 631 00:34:09,520 --> 00:34:11,199 same breakthrough impact that these guys will have. 632 00:34:11,810 --> 00:34:14,730 Well, the other brands, you know, like I remember when Luca 633 00:34:14,730 --> 00:34:18,370 would be posting about like all of those stats from Instagram, 634 00:34:18,610 --> 00:34:20,610 other brands would do this one cringe thing. 635 00:34:20,610 --> 00:34:23,330 And like, please don't do this. Like, it's just so cringe 636 00:34:23,330 --> 00:34:25,929 everybody. They're just like, OK, we're 637 00:34:25,929 --> 00:34:31,889 expanding to Web two. What does that even mean? 638 00:34:31,889 --> 00:34:33,570 Like, what does that even mean anyways? 639 00:34:34,210 --> 00:34:37,489 And they're just like, I don't know, I like I said what Luca 640 00:34:39,690 --> 00:34:40,929 is. What'd you say? 641 00:34:41,719 --> 00:34:43,679 So that means they're not making any money in Web Three anymore, 642 00:34:43,679 --> 00:34:44,960 so they're gonna go Grifton Web two. 643 00:34:46,520 --> 00:34:50,280 Yeah, that's number one. And #2, like, it's not like, 644 00:34:50,280 --> 00:34:55,679 again, Luca is very experienced and like what he's doing and the 645 00:34:55,679 --> 00:34:59,240 operations that he's running is not easy. 646 00:34:59,360 --> 00:35:01,880 Like all those animations, all of that stuff. 647 00:35:01,880 --> 00:35:04,580 Like, you know, all of that, like it costs money to have 648 00:35:04,580 --> 00:35:06,780 someone do that. It's like it takes a certain 649 00:35:06,780 --> 00:35:10,820 mind to understand how to like get that going and how to use 650 00:35:10,820 --> 00:35:12,860 these tools like GIFs and stuff like that. 651 00:35:12,860 --> 00:35:15,380 Like, yeah, he they're just on another level. 652 00:35:15,380 --> 00:35:18,700 And like, I do see other brands trying to be like, Oh yeah, 653 00:35:18,700 --> 00:35:20,380 we're like expanding to what too. 654 00:35:20,380 --> 00:35:21,980 And like, it's just, it's more than that. 655 00:35:22,140 --> 00:35:25,380 Not saying that other people can't do that, but it definitely 656 00:35:25,380 --> 00:35:27,940 is not easy. If anybody's just like, Oh yeah, 657 00:35:27,940 --> 00:35:31,300 they're doing nothing or like whatever, you know, it's not an 658 00:35:31,300 --> 00:35:37,600 easy thing to do so. So I think the I agree, I think 659 00:35:37,680 --> 00:35:39,960 he's doing a great job. We're interested to see how this 660 00:35:40,040 --> 00:35:43,800 links back to the NFT with time. I do think that he'll that those 661 00:35:44,160 --> 00:35:46,560 we spent in there, it's gonna be like a buyback or it's gonna be 662 00:35:46,560 --> 00:35:50,880 some way that the Nft's benefit or maybe it doesn't maybe 663 00:35:51,000 --> 00:35:53,960 because it's just the IP that's the valuable thing, but it will 664 00:35:53,960 --> 00:35:56,880 be interesting to see how that develops over time but. 665 00:35:57,310 --> 00:35:58,950 Definitely great. They're doing this 10 million of 666 00:35:58,950 --> 00:36:01,630 sales is is very, very, very high in my opinion. 667 00:36:02,630 --> 00:36:06,190 My understanding is that there's already a mechanism for the 668 00:36:06,590 --> 00:36:08,990 holders of certain traits to benefit, and there's like a 669 00:36:08,990 --> 00:36:11,950 licensing background. Licensed, a few of them. 670 00:36:12,150 --> 00:36:14,990 I think they've licensed a few of them, but obviously not, not 671 00:36:15,110 --> 00:36:17,750 not the majority of them. OK. 672 00:36:17,750 --> 00:36:20,870 So the final things to talk about today, Nakamiga is doing a 673 00:36:20,870 --> 00:36:23,030 bit of a run at the moment and if anyone's been looking at 674 00:36:23,030 --> 00:36:29,230 that, those are now up to. God, he's using the log charts. 675 00:36:29,230 --> 00:36:32,510 Hilarious. Those are up to nought .5 or 676 00:36:32,510 --> 00:36:34,670 just over nought .4. I think it's even on degens as 677 00:36:34,670 --> 00:36:37,390 well. But yeah, that can be guys. 678 00:36:37,390 --> 00:36:40,470 Obviously they've got their their mint coming up in full. 679 00:36:40,470 --> 00:36:42,310 Normally knows where that is, but they've been pumping into 680 00:36:42,310 --> 00:36:44,150 that. And the the other interesting 681 00:36:44,150 --> 00:36:47,030 thing I thought I would mention was what's going on on Death 682 00:36:47,030 --> 00:36:50,670 Fellows. Death Fellows came out, and they 683 00:36:50,710 --> 00:36:54,430 announced a full gaming arc for for. 684 00:36:55,050 --> 00:36:57,050 For themselves. They wrote a whole Medium 685 00:36:57,090 --> 00:37:00,930 article to go into that, but it looks like dead fellows can 686 00:37:00,930 --> 00:37:03,690 expand to gaming. They've got a mint coming up 687 00:37:03,730 --> 00:37:09,330 tomorrow, it looks like. But yeah, I didn't really 688 00:37:09,410 --> 00:37:10,770 realize that dead fellows were doing this. 689 00:37:11,170 --> 00:37:13,090 I think Betty came out and said this is like the biggest thing 690 00:37:13,090 --> 00:37:17,210 they've ever done, but gaming off for dead fellows? 691 00:37:17,250 --> 00:37:19,130 Are you guys involved in dead fellows at all? 692 00:37:19,130 --> 00:37:22,610 What'd you guys think? I sold my dead fellows a long 693 00:37:22,610 --> 00:37:24,490 time ago. Good for them. 694 00:37:26,340 --> 00:37:27,460 What do you? Think about this. 695 00:37:28,180 --> 00:37:31,580 Gaming cards. Gaming is really, really hard. 696 00:37:31,660 --> 00:37:34,940 It takes time. You need a like really, really 697 00:37:34,940 --> 00:37:37,660 good product for people to stay engaged past the first couple of 698 00:37:37,660 --> 00:37:40,620 weeks. I think it's some kind of 699 00:37:40,620 --> 00:37:42,380 digital like trading card game, right? 700 00:37:43,060 --> 00:37:48,220 Yeah. Which yeah, I really hope the IP 701 00:37:48,220 --> 00:37:51,460 is interesting and people vibe with it for a long time. 702 00:37:51,540 --> 00:37:53,620 I think it's really, really hard. 703 00:37:54,120 --> 00:37:58,800 Is what I would say, yeah. So it's interesting to see how 704 00:37:58,800 --> 00:38:00,920 it plays out. It's a card based game. 705 00:38:01,520 --> 00:38:03,000 You buy a vault which is 9 cases. 706 00:38:03,000 --> 00:38:06,040 These are 9 cases. It has 10 packs containing 5 707 00:38:06,040 --> 00:38:09,160 cards. So look, we've seen some 708 00:38:10,320 --> 00:38:12,800 parallel at the moment is having a bit of a run and if you guys 709 00:38:12,800 --> 00:38:17,120 know that as a game, I just, I don't know who their audience 710 00:38:17,120 --> 00:38:19,800 is. Like, I just wonder who the 711 00:38:19,800 --> 00:38:23,650 audience is. Like because I just, I don't, I 712 00:38:23,650 --> 00:38:26,210 haven't heard from any of the founders. 713 00:38:26,210 --> 00:38:28,850 Like, I know I just see them when they're like tweeting about 714 00:38:28,850 --> 00:38:32,450 like some big brand trip that they're on or like whatever it 715 00:38:32,450 --> 00:38:34,210 is. And like that to me is kind of 716 00:38:34,210 --> 00:38:37,410 just like, OK, cool. I mean this is, this is great. 717 00:38:37,410 --> 00:38:40,050 I'm happy that they're they're cooking up, but it's like, who's 718 00:38:40,050 --> 00:38:43,250 the audience? Because not sure where the reach 719 00:38:43,250 --> 00:38:45,450 is here. So and yeah, gaming is super 720 00:38:45,450 --> 00:38:49,290 hard, but again, like good luck. I want everybody to succeed at 721 00:38:49,290 --> 00:38:53,370 this point, like, you know, but my question if they're 722 00:38:53,370 --> 00:38:57,490 listening, who's the audience? Cuz I don't know. 723 00:38:57,610 --> 00:39:02,290 I never interacted really with the founders, which is 724 00:39:02,290 --> 00:39:05,650 interesting. So, so they and I've been here 725 00:39:05,650 --> 00:39:07,490 since the beginning, so I don't know. 726 00:39:07,850 --> 00:39:10,330 It's not the biggest one yet. I would say the next phase of 727 00:39:10,330 --> 00:39:11,890 death, that is in the combination of so much hard 728 00:39:11,890 --> 00:39:13,010 work. We are building a world class 729 00:39:13,010 --> 00:39:15,010 product with the world class team construction industry. 730 00:39:15,820 --> 00:39:17,740 Look, I agree with you. I think this is a change of 731 00:39:17,740 --> 00:39:20,380 direction. Like if all the projects out 732 00:39:20,380 --> 00:39:24,500 there, I would not expect to get that balance of gaming because 733 00:39:24,860 --> 00:39:27,540 maybe it's just not what I. It's more about, like you said, 734 00:39:27,540 --> 00:39:30,540 events and culture more than anything. 735 00:39:30,540 --> 00:39:33,180 And it was obviously made by Psych who was like a relatively 736 00:39:33,180 --> 00:39:34,740 well known artist as well even before this. 737 00:39:34,740 --> 00:39:37,900 So it didn't even we need to be that much more than just, you 738 00:39:37,900 --> 00:39:41,540 know, community vibes. But this now feels like. 739 00:39:42,190 --> 00:39:43,950 It's cool. They built something, but I 740 00:39:43,950 --> 00:39:45,350 think it will be a bit of a risk. 741 00:39:45,350 --> 00:39:47,230 But let's see, let's see how that goes. 742 00:39:48,470 --> 00:39:50,950 I think that's it for today. I don't know if there's much 743 00:39:50,950 --> 00:39:54,430 else you guys wanted to mention on that. 744 00:39:54,470 --> 00:39:56,670 If you can go check out Manda Minutes, there's, I've got like 745 00:39:56,950 --> 00:40:00,270 25 different headlines you can look at from macro to micro to 746 00:40:01,390 --> 00:40:04,070 more NFT stuff. There's obviously quite a lot 747 00:40:04,070 --> 00:40:06,870 going on right now in the broader crypto space, even 748 00:40:06,870 --> 00:40:10,860 though we're going sideways. But yeah, this was a good show. 749 00:40:10,860 --> 00:40:13,300 I will probably end it now because I feel like my phone 750 00:40:13,300 --> 00:40:15,700 battery is going to go any moment and that would be an 751 00:40:15,700 --> 00:40:17,740 embarrassing ending for everyone. 752 00:40:17,740 --> 00:40:19,740 But we will be back again tomorrow. 753 00:40:21,060 --> 00:40:22,860 We are. We're going to be doing this for 754 00:40:22,860 --> 00:40:24,020 the final show, I think, Mika, right. 755 00:40:24,020 --> 00:40:25,500 Unless I guess you'll be coming on next week. 756 00:40:25,500 --> 00:40:28,740 Cali, I think you're you're well, you can come on as well 757 00:40:28,740 --> 00:40:29,820 actually. I'm demoted. 758 00:40:29,820 --> 00:40:31,460 I'm demoted. I'll give you my phone. 759 00:40:31,540 --> 00:40:36,020 And then? I'm also, I'm also demoted. 760 00:40:36,800 --> 00:40:40,080 I'm also demoted guys, I think we should we should start rug 761 00:40:40,080 --> 00:40:42,080 tank and we should just get on with it. 762 00:40:42,720 --> 00:40:44,280 We should just get on. We should actually. 763 00:40:44,360 --> 00:40:45,920 Why don't we do that? Why don't we do that? 764 00:40:45,920 --> 00:40:50,800 We do our own little show. I can see that arc for us. 765 00:40:50,920 --> 00:40:53,120 I can see that arc. Take the best rug. 766 00:40:53,960 --> 00:40:56,920 Yeah, well, just better. Just it just has to be better 767 00:40:56,920 --> 00:40:59,200 than the other show, That's all. The bar is low. 768 00:40:59,480 --> 00:41:01,320 Right. My God, you're crazy. 769 00:41:01,600 --> 00:41:04,480 Sounds like Monday's gonna get demoted. 770 00:41:06,270 --> 00:41:10,070 Like Mando is gonna find himself having to go on that show on 771 00:41:10,070 --> 00:41:11,830 Amazon Prime. Maybe. 772 00:41:13,830 --> 00:41:17,630 Trying to pitch Rex Radio. Oh my God. 773 00:41:18,150 --> 00:41:20,870 Actually, Rex Radio was if you did, if you didn't listen to it 774 00:41:20,910 --> 00:41:23,590 yesterday, it was crazy. We we gave away like nearly 40 775 00:41:23,590 --> 00:41:25,910 grand worth of prizes live. On what? 776 00:41:26,640 --> 00:41:28,600 Why wasn't I invited to a record? 777 00:41:28,720 --> 00:41:31,400 Where's that show? To be clear, it's been on every 778 00:41:31,400 --> 00:41:33,640 day for about 40 weeks now and I haven't. 779 00:41:33,640 --> 00:41:36,080 Seen you there once. Everyone went to prize. 780 00:41:36,840 --> 00:41:38,360 Basically everyone. Everyone did. 781 00:41:38,360 --> 00:41:40,680 Surprise, no, there's a lot of prices. 782 00:41:40,720 --> 00:41:45,000 You came out like 304 hundred grand of prizes over the course 783 00:41:45,000 --> 00:41:48,120 of those 40 weeks. So if you are missing rec radio, 784 00:41:48,160 --> 00:41:50,360 all you have to do is just listen to it and then at the end 785 00:41:50,360 --> 00:41:52,800 of the show either request or you have to retweet something 786 00:41:52,800 --> 00:41:55,440 and have a chance of winning. But yesterday was a wild show. 787 00:41:55,910 --> 00:41:58,350 We were on a hot streak. We won a checks. 788 00:41:58,350 --> 00:42:01,150 We won a pudgy Penguin and then we won a kneecap remedio. 789 00:42:01,790 --> 00:42:06,390 By the end, which is a big win anyway, go check out that we're 790 00:42:06,390 --> 00:42:08,430 back again tomorrow. Thank you again Cracking for 791 00:42:08,430 --> 00:42:10,750 sponsoring the show. And yeah, go check out Mando 792 00:42:10,750 --> 00:42:12,990 minutes if you wanted to have a bigger breakdown of all the 793 00:42:12,990 --> 00:42:15,390 stories from today. Thanks a lot guys. 794 00:42:15,390 --> 00:42:16,390 We will see you tomorrow.