Yo-yo, what up? What up?
Good morning, good morning GMG Wednesday, Wednesday, Wednesday,
Wednesday, January 15th, 15th. Is it the 15th?
Yes, no, yes, 2025. Good luck.
Another beautiful day to have a beautiful day.
Oh, it's a great day. It's a great day.
I got my Co host in the house, Tyler Mando.
How you guys doing today? Good morning.
It's a great day, but you said CPI came out market full send.
Full send CPI came out and the future of AI is pumping just
like there's a lot. You know, you absolutely I mean
look at the comments. People are fucking high crime
season. Let's go.
That's so funny. Do you you guys are losing it in
the comments. I love that I love I love me a
nice morning in the bull market. It's funny, right.
You know two weeks it was enough to to shake like the entirety of
a crypto Twitter out. You know so hilarious.
Tyler, good morning. How you doing today?
Today's been a very, very good day already an an electric start
and just the swings from Monday, Black Monday to our our
beautiful, beautiful green Wednesday have been tremendous.
And now we have the first crypto president five days away from
office and the tailwinds are blowing fiercely, fiercely
behind him. I.
Love that. The office.
Welcome to office. I love that we're five days
away. This fucking crypto ball in two
days in DC, dude, come on. Like motherfuckers are bullets,
dude. Barry.
Yeah, that's so funny. He called it Black Monday.
I love that. Black Monday is crazy work,
dude. I love that.
All right, today, the show today.
Let's talk micro. Obviously.
Let's the Microsoft talk about today.
Amanda will cover that. Let you guys know what we're
about to celebrate $100,000 Bitcoin, hopefully today again
we got the market pumping let's talk meme coins let's talk all
that good stuff AI as usual blah blah blah blah blah we'll go
through Tyler's top 1000. I'm calling the top 1000 today
because, you know, probably has a lot to talk about.
And then we have a partner partner coming on the show
today. So today's show partner will be
T rise, which is, you know, all in like RWAD pin actually like
pretty big, like real estate stuff on the blockchain, which
kind of curious to hear more about because obviously, like
that's, you know, aside from all the AI stuff, like that's
actually one of the future applications of of blockchain
technology is how you can, you know, do all this good stuff.
Really excited for that. And then last but not least,
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Can you take it? GM, everyone.
So we did have a bit of a macro couple of days.
This started with PPI yesterday, it's better now.
This started with PPI yesterday, which came in below expectations
and then similarly CPI came in very slightly below expectations
again today. Remember, we've been living in a
world where there's been a lot of fear about interest rates
remaining high, a lot of fear that inflation was going to stay
high. This looks more manageable.
Core CPI below 3% still. Yeah, definitely doesn't look as
as as bad as as people were worried about.
We start to see rate cuts be priced in again, the first one
being in July. So yeah, it's we're not
completely out of the woods with this sort of inflation fear.
Obviously the tenure has gone up a lot over this period, but I
think maybe it got ahead of itself and at least versus
current expectations. Who knows when Trump comes in.
But that was enough to every for everyone in crypto to say, hey,
we can we can gamble for the rest of the month.
So as soon as that figure came out, I think in particular the
move is with the AI agents again, right?
Like this sector has become, it's like lever trading, like if
you got liquidated on Monday, pretty much most coins have done
a 2X since then. So pretty crazy move kind of
across the board. The winners today appear to be
ARK AXPT again hit an all time high.
A few of the virtuals agents will get into why they're
they're looking like they're going to start buying back some
of the coins. Griffane 530.
I mean, these coins have all had a big, big move.
Some of these candles are, are pretty crazy.
So that was the the big rebound. Bitcoin looks like it's heading
back to 100K as we speak, 99.3 right now.
XRP weirdly had been have been leading and has been leading for
a while this rally that is getting close to each market
gap. So who knows.
But yeah, Salon has just shot 200 XRP, I would say is leading
the majors, so to speak. But very, very good day.
This plus yesterday is kind of what the big deal was.
So like if it was just been one of them then then maybe or it'd
been like CPI came in slightly above expectations.
I think the market would have really sold off today.
But they both came in below expectations.
And this gives us some breathing room I think until because we
just had jobs, right and we've just had CPI.
So we get PC inflation, but broadly those are the two big
ones in terms of like macro data for this month.
So we've probably got two or three more weeks of, of, of
gambling. Who?
Two more weeks gambling? What do you mean?
At at least until the next data point, you know, and then
people. OK, I was.
Like she's surprised. Yeah, OMC at the end of the
month, but they're all data-driven, So it would be
surprising for them to come in more hawkish than they were in
December, unless of course, something changes.
But based on these prints, right, that would be surprise.
Do you? Want to know what the next thing
would be here? We're going to do this.
We're going to do this, then we're going to do this.
Then we're going to do this. Then we're going to do this.
That's what's going to happen.
I I'm I'm telling you right now as.
Well I hope I'm wrong but I wouldn't be surprised if we
touched like 110 K here and we just said hey let's go baby.
We said it yesterday on the days where it feels euphoric.
It I think. I think you got to tempt
yourself and in the days it feels terrible, you've also got
to this. This feels like a euphoric day,
right? Like you've seen you've seen
100% candles from Monday on AI coins here.
I would be wary buying anything today.
Literally any coin. Be wary.
No, I mean it, dude. You're you're the prime example
of you're actually the person who I'm speaking to on the
Daylight survey. What do you mean I'm not buying
anything? You're the sort of person that
if you had some money to spend, you'd be like, I'm buying it all
this looks like a good candle. Like it's up 50%.
It's going to go up another 50% like.
Not anymore. Definitely not anymore.
Can I give the bowl case? So I Mando, as always, very
level headed and he's right much more frequently than I am.
We do have Bob Lucas saying that he thinks the that stocks that
the the bottom is in and that stocks are going to start a new
cycle and grind up from here. So if we have the stock market
starting to move back up Trump coming into office, I think we
probably need some kind of Bitcoin related announcement to
to break to really break out. I don't know that the executive
orders that we have, they're good, they're positive.
I think that's enough to for us to trade back in the channel.
I don't think we're going to make new lows, but to break out
of one O 8, maybe we need, you know, a strategic reserve
comment of some kind. I mean, there, there are, there
are options on the table right there.
There's there are scenarios. I think.
Where we move up? I think you don't even need that
strategic reserve because that's going to take a while.
They they they, they I I've said, I think I was talking to
these about this. All he has to do is free.
Ross literally like to me like that executive order will show
that he depends on like being tutors worry about crypto.
You know what I mean? Like, I think just something as
small. It's a small, right?
That's how I mean it. But like smaller like that right
over like even what was the other one?
I think Jennings was talking about something else.
Tyler was it like it could be the strategic reserve, but we're
not that it would be that the the government would decide not
to sell the Bitcoin. So like an executive order on
like not selling that Bitcoin. Tyler like, I feel like that
could be enough, right? Like anything, I'm not even
saying that they need to like slam the table.
They're going to start buying. But even any, just any lip
service to it, I think it's probably enough.
Yeah, that's true. Or.
Maybe we range for the next nine months and that, yeah.
Shit anyways, market looks good Mando.
Is XRP going to flip Ethereum this cycle?
It feels like that's not out of the question.
Definitely something for myriad markets.
We should do a market on that. We need a market on that.
Yeah. Like I feel like that's one that
that may that may happen. Yeah, that, that would be crazy.
So for a comment like I'm in a few trading groups and I was
involved in like a 20 minute discussion yesterday with folks
who were thing like what outperforms for the rest of the
cycle, XRP or Solana? And I think folks are like, I
think if you would ask that question three months ago, like
it's 100% Solana, right? But now like the the the
consensus was pretty split and the XRP bull case is it's
American made. Trump's kind of already alluded
to potentially tax free crypto for American crypto companies.
What? Does that mean?
What do you mean? But I'm still so confused by
what that even means. Tax free crypto for for America.
But yeah, I'm still I thought that was a joke.
That's just a joke dude. I wouldn't believe that they're
they're going to get tax free crypto for American crypto it.
Is literally a joke that. Taking up greening was a joke
three months ago. Or renewed.
What does it? What does it mean?
So like XRP would would not have capital gains.
That's how I interpret it, yeah. Josh XRP.
I don't know. I can't list off all the other
American backs crypto tokens. We'll see.
That's the part of the
narrative, right? Is it just a narrative that base
common just made-up? Or is it a narrative that
actually? Which one of your DJ and in your
group chat which one of the DJ and your trading group chat
started that rumor? Like I want to know which one of
them was it. He said this, he's talked, he's
talked about maybe like looking at American crypto.
He wants crypto in America. He wants crypto to win in
America. Yeah.
I, I, I don't know how he's going to do it.
It's. But anyways, it's a narrative.
You got JP Morgan talking about how an XRPETF is going to bring
in three to six. Bargain.
Wait are you an XRP bull like? Have you seen a bull case for
XRP right now? I don't have any.
We've got their CEO Garlin House taking pictures with Trump.
He's clearly meeting with him. He was literally he gave like
millions of dollars to Kamala Harris.
No, that was the chairman. OK, OK, OK, never mind, I'll
take that back. Honestly, XRPNFTS, I tweeted
that yesterday. Messed up.
I showed that today. And by the way, I'm laughing.
But like, there's probably money to be made in the XRP trenches.
That serious? Yeah, like where there's where
there's volume, there's money, dude.
Like the XRP trenches right now are thriving.
Dude, there's money in there for sure.
I just like, again, we're comparing a corner Solana again.
Tron is going to kill Solana. BS is going to kill Solana.
Hyperlake was going to kill Solana.
XRP is going to kill Solana. We're doing it again.
Not we, but you. The timeline, you know, just
saying it'd be funny if. It's going to shock me.
It does shock me that Solana is not higher.
Like genuinely, every day I look at it and just like.
Because Pump Funk keeps selling, bro.
Because Pump Funk, you know, is selling Solana.
If that's our theme foundation. Imagine if Alan went the virtual
route and then just started taking pump fun revenue and
buying and burning his the pump fun I want.
To get to that, because that's one of your topics.
So I want to get to that. Matt, did you have anything else
to touch on the market? I mean, I know we're up only
right now, which is great. Is there anything on the macros
and stuff you want to talk on? Because Tyler, I know what
you're about to get into Chicago.
No, it's a good, it's a good point that that what Tyler
mentions like if stocks had not been having a good period or at
least. Lost them.
Just kidding. I was good, right?
That was good, right, Chad? That was good, right?
That was good. Oh my God, I was like statue.
Have you got me or no? We've got.
Yeah, the no, just just just that this is definitely going to
be a day to work out if macro breaks its downward trend.
Stocks, particularly what's happened weirdly has been like
tech stocks have been weak versus the rest of the like the
S&P, for example, which has a broader base of stocks.
So that'll be something that people have to, if that
continues. It's been something that a lot
of people been talking about, like we're going to maybe see
this year that tech stocks cool down and that the rest of the
economy heats up. That's kind of the hope because
right now the like those top seven stocks make up like the
vast majority of the stock market.
I don't know if it's going to happen.
Feels like AI is still this like crazy trade that's mainly going
to those top seven companies. But we've definitely seen a bit
of that over the last few weeks. And you have a lot of like macro
strategists being like, oh, this is going to be, this is going to
be the trend for 2025. Buy like buy growth stocks or
buy value stocks. Yeah.
OK, well, we'll see where this takes us.
Tyler. Tyler, I know you have a lot of
topics to discuss it, so let's get to that.
Top story CPI comes in slightly under expectations.
Crypto majors pumping in the wake, XRP leading the way.
It is the top mover of all of the majors.
We had AJP Morgan Report say the XRP and Solana ETFs could pull
in billions in cash from investors.
We saw Maker approve another $1.1 billion fund allocation
into Athena USDE, Sigma Capital launching a $100 million Web 3
venture fund in the UAE focused on D5 blockchain, Infra, RW AS
and more. In token AirDrop protocol news,
Bubble Maps is launching its token part of a broader
investigation platform Intel Desk that's coming this quarter.
Barrache up to 1.6 billion in TBL thanks to its liquidity
protocol. Boyko.
That's enough to crack the top 10 Jupiter teeth.
The Jupa rally event that is happening today.
They are going to share some distribution updates along with
an allocation checker so you'll be able to see if you're getting
the air drop. Forgotten Runiverse launches
crashed the Runiverse game. Then Abstracts announced a new
partnership with Stargate Finance for cross chain
transfers. N AI and crypto folks.
This is arguably the biggest story of the day.
Over $2 billion in market cap added to the AI sector since the
CPI print. Most leadership up 10 to 20% or
more on the day. As Manda mentioned, several of
the virtual tokens are running on the back of a new major
announcement this morning. Virtuals a new buyback program
where they are going to use post bond revenue, about $40 million
accumulated to date to buy and burn tokens of their top agents.
So we'll dig into that. We have AIXPT reclaiming top
spot in mindshare and also $750 million in market cap for the
number one AI agent. Binance added Grift and AI
Monica to its road map. Franklin Templeton is now
exploring the intersection of crypto in IT and AI.
They talked about it in their latest white paper.
We have a new hot debut. This MATES token came out of
nowhere. I didn't have it on my radar. 5X
from presale, $190 million in market cap.
That is a new. That's the Web of U.S. team.
That's the Web of U.S. team guys.
Dude, it's I'm so tired. I'm sick.
I I'm a I'm a so sick to Not today, not today.
We'll be that one aside for now, not today.
We also saw DTRXPT debut and run to 30 million.
AI 60Z debuted a new operating system, Eliza OS that is the
operating system for AI agents. Arc announced integration with
Abstract along with several other new partnerships and man
Arc massive winners. It's a 450 million, basically a
new all time high, though not all winners.
Pippin did fall about 40% after an underwhelming demo yesterday.
So at some point the tech has to actually be there.
And memes and NFTS Meme coin majors up about two to 5%.
The surprise yesterday was Coinbase adding Toshi to its
road map. Toshi just a $50 million market
cap token, but it jumped about 150% on the the news and NFTS.
NTS are mixed, led by punks and doodles.
Punks up 12% / 40 ETH after rumors the potential sale of
their IP. Those are circulating and
getting louder. The NBA Top Shot back in the
news. They are auctioning 8 moments
with Sotheby's as part of the larger NBA themed auction that
goes through January 21st. So shout out to Top Shot.
I saw that. I thought that was kind of cool.
Am I the only one? I don't know, but anyway.
Top shot moments great. Like it's, it takes me back.
Like, I don't know, I think it's cool like if you believe in like
the future of like NFTS and technology and like blockchain
like artifacts on like, and I hate to use that example, but
like, for example, like I have a friend that lost like a two
dozen war holes in the LA fires, a good friend of mine.
I have another friend that lost like $30 million worth of like
Pokémon cards like that serious, like really good friend of mine,
nearly 30, twenty $30 million worth of collectibles and the
fires super sad. Like if you're bullish on the
future of collectibles on chain digital and stuff like the top
shot thing is kind of like, I don't know, just much sense
here, but let's go back. Was that Buster?
Yeah, so Buster's so his kind of mentor, Jeremy Padower was one
of like the largest Pokémon collectors on Earth, like in the
planet. And, and basically he had like
everything you can dream of as a child.
Every card, NBAMLB Pokémon, everything you can imagine
exists. Even some cards are like one of
ones. We're all at his house.
And then the stuff that he had at the bank, the fucking bank
burnt down. So it's like the whole yeah, bro
super side. He lost everything.
Thankfully he was safe. Shout out to Jeremy and
everything but but but it's like everything's gone like
Charizard, like Japanese hollow, one of one fucking whatever the
fuck. Like the craziest things, like
rookie LeBron James, Michael Jordan on one card.
Like he had like the most like he actually had a beeple
physical as well like a little thing funny enough.
But anyways, like things like that makes you really think Ron
Rivlin, another friend of mine that met through clubhouse, one
of the largest Warhol collectors on the planet.
I just read an article about him yesterday that he lost a dozen
or two dozen Warhols. So when he so he went back,
saved his family, went back, grabbed 3 Warhols, ran out of
the crib and then the crib burnt down.
Like it's stuff like that's super sad, right?
But like it's just stuff like that that makes you think like,
oh, wait, like is the future of like the collectibles?
Like actually, you know, it makes a little more sense,
right? ANYWAYS, not trying to like, you
know, NFTS and Bronx in the future, like on the back of like
a catastrophe, but just makes you think about the top shot
sold to these moments like that like differently.
Anyways, Tyler, I feel like we have to start with crypto punks
today. I feel like we got it.
And like that was the talk of town yesterday.
Take us through what happened yesterday.
I mean, it looks like Wally dot Swoosh kind of broke the rumor
because it's not news. But the rumor mill is that Yoga,
who is the current owner of the punks IP along with a bag of
like 400 and 420 punks, is potentially going to sell them.
And then, or at least if there is an interested buyer, folks at
least read enough into it that there was a run on the crypto
punk floor. So there was about 20, 20 or so
punk sales floor quickly jumped to about 41 ETH thing.
It's pulled back a touch right around 40 ETH here this morning.
But once again, this is ignited the discussion of A, is Yuga a
good owner or steward for punks and or Part B is a new owner
bullish? And of course, the answer to
that question is, well, it depends who it is.
I mean, you're a punk owner. I'm not.
So I feel like my opinion less matters a little bit less.
Curious for your thoughts. I mean, to me it makes sense
that you go with sell and I believe this.
I believe that they may be shopping them around just
because they've been cleaning shop a little bit and kind of
moving off pieces that aren't part of their core, core
business. And I could, I could see that
it's reasonable for them to just maybe this is a headache that
they don't want to deal with anymore.
Yeah, I mean, you know, respectively, if you have a PF
pound 100K, your opinion doesn't matter to start with.
But I was just kidding. But I actually I disagree on the
whole thing. Like with everyone on timeline,
I for one think that you guys actually really get steward of
the crypto punks. And I know this is a hard take
in this market. I thought G Money had a similar
take and I think from him is maybe he has a big impact.
Look, so some punks, I'm still just a 2021 dude that just came
into the space right, but like I think that they've been doing a
good job. I posted my interview today with
the punk, so I'll pin it to the top with Matt Hall.
I got to interview him. I love the synergy he has with
Natalie Stone chat to her as well.
By the way, I love the book. I have it right here.
It's incredible. I love that they did.
I love the collaborations happening outside.
I love that they got in some poppy do the ICM.
I I mean like they care. I know for a fact with my many
conversations with you collabs that the founders care about
crypto punks. Now the truth is, Tyler, there's
some truth in some like wrong information in that thread,
right? And I, I even, you saw me, I
quote tweeted whale, right? It's true that a lot of people
have been bidding punks. I heard of $35 million bids back
in September when I was in Korea.
Those bids were real because I know from another party, they
also put in a, or apparently allegedly put in the $35 million
bid. That was before punks flew.
Remember the punks just like went up to X or whatever.
So at this stage, the 400 punks, you get lab zones or what, 75,
80 mil, let's say I was kind of talking about with Luca about it
yesterday just for fun. I was like, how much do you
think punks are worth Actually right now with the IP he was, he
was saying it might be like 100 mil, right?
So let's call it punks 100 mil. They probably have a lot of
offers on table. It's probably not a stupid idea
to sell them for Yuga Labs because it's a lot of runway
with $100 million and I'm assuming they have a big burn.
It's a big company, right, with big ambitions and endeavors.
But I don't think they're selling like, I think, I think
Garga's tweet was very, you know, I, I think, I think, I
think, I think Garga made it very clear yesterday, guys.
I, I think this is all like just speculation.
I think Whale got wind of the bids and of some serious offers.
And I know for a fact that there has been maybe some more serious
offers now. But I don't think he's selling,
man. And for me, it's these two
sentences. He says whoever owns punks must
have in our iron stomach and be willing to basically lock the IP
up and throw away the key. So I I interpreted a little
differently if you scroll up to his message.
Not going to take a deal for money if it feels like it hurts
the legacy of this ass. So it's like leaving the door.
That's how you're reading it. So I agree he's not going,
they're not going to sell it to who they perceive would be a bad
owner or a bad steward. But if the right group comes, I
think this leaves the door open that yes they would sell it.
But the argument Probably not anytime soon.
Yeah, I'm very curious to see that.
I mean, Amanda, what do you think should, should you, should
you go, should should you go labs be be be selling crypto
punks? And if So, what do you how much
do you think they'd be getting for it?
I think, I think it probably just because no one wants to do
anything with the IP. So it probably just trades at
the the value of the crypto punks themselves, right, that
they have in the treasury maybe plus a little bit more.
Yeah. I think they should sell it.
You think they should? I don't think it's a cool thing.
It's definitely not the core, yeah.
Like this, I mean, it's difficult to say because I think
that's a that's a long term valuable asset.
But yeah, who knows, who knows, Like maybe maybe some like
larger holders want to come in and buy it.
Have you just seen this AI16Z thing?
Hold on, what's going on now? Heard some rumors.
Is it another crash out? They just announced that
advanced humanoid robot. OK, that that was that was the
rumor I heard. Well, what is going on?
They're building. People say it's all sham.
Yeah, so OK, so so the crypto punks and I think there's not
much more to cover. Check out my interview with with
the with the Co founder, the crypto punks.
Let me pin it here. It's pinned to my profile.
Make sure you share a tweet. Give it some love.
By the way, there's 1600 people live on our Twitter spaces.
Did we do something? Welcome.
There's 1600 people listening
live on Twitter Space 1600. Well to the 1600 people, maybe
it's because of our guests. I see you guys, Madani, Eduardo
in the in the studio. Just give me another like, you
know, 710 minutes. We'll bring you guys up.
Can't wait to talk about what T Rice is building.
Heard you guys fellow Montrealers too, but whatever we
did, just so you know, we're doing a loot box thing at the
end and you may win the punk. Speaking of punks on the show.
So make sure you go to raffle bought dot XYZRAFFLEBOT dot XYZ,
raffle bought dot XYZ. The code today is punks, PUNKS
and make sure you sign up Marriott dot markets.
OK, this is this is going to be your favorite prediction market
moving forward. Let me tell you that anyways,
back to to AI and these topics of the day.
Let's I want to talk about the virtual stuff, but what's going
on with the ICCC? Is this like breaking news or
something? It seems to be breaking news.
I don't know. Like Ark is also full sending
right now. Oh my God.
Just pull up the board. Pull up the board for.
Shit. I don't know what ARK just
announced. ARK is like had its first token
handshake today I think of for like one of his projects.
So maybe it's bouncing around that like wait they had to pay
in ARK? The board is green boys.
The board is green numbers. I mean that AI16Z thing is the
thing that's that mean. If they get into fucking robots
dude like. Wait, what?
Where is it? What do you see that?
AI16Z news the account yeah go down I mean it's clearly just a
it's just a lot of thing at the moment, but.
Resale for advanced humanoid robot.
Oh my God, $420,000. It's a bad you can.
Buy you can buy like a dozen, dude, you're buying a robot.
I'm. Not going to lie, that's the
sort of thing that could like AAA token.
Here's the thing about AI16 ZAI 16Z.
That was always a part of the bull case and people kept tying
it to Shaw. One single person.
This is an army of contributors. It's like this could be a pocket
of five devs working on this sub project.
Oh, another fiber or driving for in other aspects of the business
like this is? We wrote about this 20 minutes
ago. OK, so folks must have gotten
the inside scoop on this too. AI agent Eliza OS is getting a
robot buddy, but it's not for sex.
Oh yeah, it's true. Someone, someone paid to put a
vagina on Eliza or something. Remember I'm.
I'm dead serious. I'm not even kidding.
Yes, Google it. Popular AI agent Eliza OS is
getting a robot Bonnie. But the creators of the robot
emphasize it is not to be used for sex.
Just for you dejans out there, just for you See, it's not the
quit making this up dude. I'm going to write.
I'm going to read the sentence again.
OK, Popular agent Eliza OS is getting ready getting a robot
body. But the creators of the role
emphasized and not used for sex. Instead, it's designed to be
humanoid AI companion that builds deep connections with
humans by exhibiting emotional intelligence, empathy and
through performing tasks. Can you imagine if a crypto
native brand beats the major AI players to consumer humanoid
robot companions? I thought.
You were going to say, could you imagine fucking a robot?
But. What are we?
Yeah, I don't really know what this is like.
When it's going, Eliza Wakes Up is designed as the next
generation humanoid AI companion.
Ava, head of projects for Eliza Wakes Up, told Decrypt.
Oh wait, Decrypt got the this. Is a house manager.
This is a house manager. It's going to help you do your
dishes, do your laundry. You can ask it what the price of
Tesla stock is. Eliza offers lifelike Eliza
offers lifelike emotional intelligence, dynamic physical
abilities and task execution that ranges from personal
scheduling to handling complex operations like blocks and
transactions. Nice the creators of humanoid I
mean SO420K that's it. That's only how much soul is
that? That's it's only you know it's
it's only 2100 soul. You know it's it's only it's
only two BTC. You know it's only 225 E three
you guys biting. I mean, you, you're like, you're
like the AI guy. I mean, surely you're buying a
robot to take? Care of I can't have, I can't
have a robot around my my children.
You never know when these things are going to turn to evil.
Imagine it just like snaps your fucking kids like I.
Mean honestly, like the size of a human, the size of a robot
actually is a very important factor.
I think interesting. OK, mind, are you buying a
robot? I mean not for 420 grand, that
does change it. But this feels like the
computer, like early on, right? It's the thing that's going to
go lower and lower in pricing as tech advances, right?
Like one day we're all going to buy robots for like 20 GS.
Yeah, maybe, Maybe. Isn't the Tesla robot 30 grand?
That's the question someone was asking Canada.
It's. Probably not as good the Tesla.
Robot's way cheaper than this. I didn't realize it was 420
grand. That's quite a big deal.
Someone said imagine it crashes out like Shaw.
Someone else said imagine it gets mad because you're holding
fartcoin and not realizing and throws your kid out the window.
You guys are like the arc dude. Dark.
OK, our guest. Can we talk the virtual stuff
real quick? Maybe we go deeper tomorrow.
Let's talk about that. Let's talk about that.
Then we'll keep the rest for two more.
Talk to us about the virtual news.
Because this is a big deal. So our two leaders both have
major announcements. So virtuals is going to do a
buyback and burn of their respective agent tokens across a
30 day twop. They're going to use 13 million
virtual tokens, which right now is worth about 45 to $50
million. They they've got Doom dashboard
where you can see the exact amounts they're going to do.
I've seen some, some mixed reactions out there to to what
this is like what this means, perhaps why they would do it
because like on the surface to me, this is them effectively
taking away $45 million of their revenue and using it to pump
downstream tokens which surface made.
So like part of the reason virtuals got valued so high was
because of its revenue. But I think the bull case is now
the agents on their platform will be more valuable.
They have higher incentives for new builders to launch tokens to
launch agents on their platform. So the value of the platform
perhaps increases because of that and they can effectively
generate cash in other ways, perhaps via a raise of some
kind. So it's a bet it it certainly is
a bit of a gamble, but I mean tokens up 25% market seems to
like it. OK market I I see nothing.
I kind of saw you in ovi chitchat about it early on.
I just didn't have time to relook into it.
My read is my first read is like isn't this bullish?
Like if they're going to re spend the money within their
ecosystem like the 40 million if hopefully the.
Tokens bad bearish for virtual was my knee jerk.
Got it, got it, got it. Now it seems bullish.
Bullish. But is it a flywheel and bullish
for virtual down the line? If, if it just keeps going back
up to virtuals and then they keep spending it, you'd have to.
But this is only in the up market, right?
In the down market, of course talking different, but in up
market, interesting. OK.
This is crypto and it's not totally solely valued based on
their revenue. So like if it was if their token
valuation was based solely on their revenue, then this would
have to be objected by Bearish. OK, you know this is actually
bullish for wrecked, so I'll take it because it's bullish for
the agents on the right. Am I wrong to read that?
Is bullish for the agents on the virtuals because the money kind
of flows back to them, right? Wow.
ARC is full sending here I guess.
Wreck doesn't qualify though I don't think because it's not one
of the native. There's like 2 tiers of tokens
on virtuals. Yeah, 1 is where you.
I see. I see.
OK. Just just just give it a shot,
you know? Quick qualifier.
No, you got a Fact Check. It's good.
Listen. Doesn't hurt.
You're fighting me.
It's OK. I'm just kidding.
What's up with Arc? Just quickly.
What's up with Arc? Whoa, whoa, whoa.
Wow. OK.
What a bounce. I actually don't know what's up
with ARK. I know today they were going
live with like their first application, their hand that
like their first thing is where you like you have to pay.
You have to pay using ARK to like use the some of the
features but I don't. I'm so unsure which project it
is yet, but like they're definitely doing something
today. Well, there was also the
abstract announcement like there's a bunch of little things
right, going on with ARC, it seems.
I saw Saigar tweet about it, how this is going to be working with
abstract. So it's pretty cool with
abstract you have Eliza OS and and ARC now seems to I think.
So I think they're about to announce the the first project
which is going to be part of this.
So how Eliza has done it is a bit like free for all, like it's
a repo, anyone uses it and like they'll do partnerships.
They are doing partnerships with like maybe the bigger people
like more integrated partnerships.
Arc did it a slightly different route.
No one is on Rust, which kind of means a slightly different, they
talk about it from a slightly different calibre of projects,
which might look to integrate more complex, let's say.
But also they have done almost like a, they've done like a
process where you have to apply, you get vetted and then they're
they're doing like a they're doing a series of like more high
profile launches, let's say. And the first of those is going
to be today. So, so let's see.
And these are like Handshake, as in they're going to be, they're
going to be integrating Arc into, into whatever they're
doing. So maybe, maybe it's ahead of
that. Maybe it's already been, maybe
it's already been announced. But but this is just a smaller
version of AI16Z, right? Like at this stage.
So maybe you can keep running. Like there's a lot.
There's less thud around ARC than there is around AI16Z,
that's for certain. OK, OK, OK.
OK. OK.
So this is good. I guess we'll see where this
takes us. All right, we'll, we'll keep the
rest of the topics for tomorrow. Do you still keep your arc?
I have some. Do you still have your arc?
Pardon. I said, do you still have your
arc? Yes, I have some, not all.
No, sadly no, I'd be up like a lot right now.
I have like I rotated to this. Excuse me?
You're out here sending me rugs and then you're cooking the
bitcoins? I don't get it.
You told me, You asked me in the chat the other day.
You said you owned Ark, and I said yes.
What did you do? How did you fumble it from now
until then? You've sold it all, haven't you?
I can tell. I can just tell your tone.
Here's here's what's going on. Here's why I need new friends.
If you guys want to apply to be my friend, just Google me and
send me a message. God, brother, so.
Amando and all the other boys are literally sending us coins
daily that go down like 300%. And in the meantime, they're all
in the big trades though, all the big trades.
So everyone's in the big trade or they're sending fucking coins
that go to 0. Everyone's going to big coins,
right? Right.
What? What did he do?
Just like go, you know, go to porno.
This is what's going on in the trenches.
Goat 2 point O brother I gave you I gave you ARC on a plate
and we spoke about it 2 days ago.
You didn't. What happened?
You did not give. Actually you did not give ARC at
all. The only coin you gave us was
was goat. Don't you don't even stop, don't
you even stop you, The person gave you arc the.
Arc was no come on. I'm checking our chat arc.
That was me, dude. Was ARC you?
Was it? Was it there?
Was Harold Sobie Tyler? Arc is me.
Is it? Was it Tyler?
Back to my. I'm going back to arc the
original mention of this God damn coin.
I was in very early but then sold and then.
I think OSF gave us the AI trade.
I think OSF was the earliest today AI.
All right, let's go to our guest today.
Let's go to our today's show guys.
While while Mandel finds me the chats with with Zig I'm I'm I'm
telling Sobie on the hive. That's what I'm doing, but
that's that's like that's that's my next play.
We'll see if it works out, but I'm happy with farquin dude.
I I have a lot of farquin yes, like a lot.
I I bought more on the dip. So I have a lot.