Oh yo-yo, what up? Morning, good morning GMG today,
Wednesday, June 24, 2020. 4. Today's 6/24/24.
Look at that. Another beautiful day to have a
beautiful day. And by the way, Tyler, do you
know what time the show is when you're in Europe?
Four, there you go. Incredible.
I got my Co host in the house, Tyler Mando.
How you guys doing today? Awesome man, how are you?
Great, the first comment this morning is Mando.
Tweet more bro. Someone must have you in their
fantasy top decks. Tyler, how you doing?
I'm good man. Gearing up for Bitcoin
Nashville. He's gonna be packing up today
heading heading out there tomorrow and now the rumors that
Kamala might be there. I'm not totally buying it.
But anyway, hypens hypens highs. It's been that's that's right.
What's funny, though, is like David Bailey tweeted about him
talking to team and like Fox News immediately picked that up
is like he's speaking. So I checked with the decrypt,
right? I'm like, yo, like, is he
speaking speaking? Like, no, the tweet is aiming,
saying they're trying to get her to speak, but, you know,
traditional media picked up on it.
Like, yeah, she's speaking. That was weird.
Then then every source ran with it quoting Fox News, so like and
then it spreads like. This is this is wild because I
was like, why aren't we writing about this?
If if she's not speaking for real because she's not confirmed
to speak yet. I don't think she won't, by the
way, shout at David Bailey in Bitcoin magazine for like
hustling because that would be insane to have all three like
even independent party Trump and then Kamala Harris.
So RFK and Kamal in one conference speaking.
That would be epic. Like that would really be
something, I mean, good for our bags if every single party's
trying to pump our bags. I'm, I'm, I'm, I'm, I'm just a
Canadian token holder. I'm just a Canadian token
holder, you know, cousin N Anyways, today on the show today
today, well, I'm feeling fantastic.
Well, energy's all time high daily market report, macro,
crypto, all that good stuff. Recap of day one of the Etherem
ETF switch. That was not that bad of a day,
honestly, when you look at the numbers, was above everybody's
expectations. So love to see that.
We're going to be talking about that for sure.
Crypt actually bounced pretty well overnight.
You love to see that this morning.
Burgers a bidding, look at that. And then Tyler top 100, Tyler
top 100. As usual, let's see what Tyler
got in store for us. And then last, but we're joined
by today's show partner. It's unfucked, right?
That's how I say it. Or unfucked.
Yeah, UNFK. Today's show partner.
It's this one's going to be a funny one.
This one's going to be a funny one.
If you don't want a video, I think you're going to want to
come on video for this one. We got a prankster coming up, so
that one's going to be fun. So I'm excited to get that
going. So without further, let's get
this party started. Can you dig it?
Yeah. So it feels like for the last 24
hours, we've kind of gone swing between Ether's dead to actually
it looks all right, to Ether's dead to actually it looks all
right. I think in general, we saw
decent inflows, about 109 million of inflows into the ETF.
That's net. There was a huge grayscale
outflow. I think people perhaps
underestimated the scale of the grayscale outflow that was over
400 million. But you know, we're going to
hope that Black Rock are able to see decent inflows over that
period. But yeah, generally a good I
thought was fairly decent and we'll see how that goes over the
next few, few weeks. I think it's very, very early to
say if it's been a success or not, but it's definitely not
been a complete failure. But that's very, very clear.
So decent, decent day. I think cryptos kind of had,
like I said, split personality over the last 24 hours, but
we're kind of hanging out basically where we went live on
the show yesterday. So Bitcoin around 67 K or just
shy of that, each just below 3500 and and Solana hanging out
at 180. I think people are looking to
see how Solana does in the back of this, like does does that
performance continue or not? I think that will be the one
thing to look at. But this was definitely a good,
a good 24 hours for for crypto in general.
You saw some movements from the Mount Cox wallets.
I think some Kraken poses have been start to be repaid and
you're starting to see potentially Bitstamp as well get
funds there. So I think over the next two
weeks, we'll probably see all of those funds the the, the Mount
Cox creditor wallets and moved on to exchanges where they'll be
distributed. So probably a decent, decent
period here of looking at where those funds go.
We saw big outflows from Kraken actually over the last 24 hours,
which indicated that people were actually taking out the Bitcoin
rather than selling it, which I thought was interesting.
I imagine we'll see a decent amount from Bitstamp too.
So I think the selling on the back of this will probably be a
slow drip rather than anything, anything more substantial there.
I'm not, I'm personally not worried about it.
I feel like it's been priced in for for so, so long now that
it's not. It's less of a big deal in terms
of like broader, like bullish sentiment.
Like you said, Harris, there's some chatter about the fact that
she might speak at Bitcoin Nashville, although it feels
more chatter more than anything. But Mark Cuban came out
yesterday and thought that she would have a more pro Bitcoin
stance. I think it would be obvious for
her to to kind of be a bit more pro Bitcoin than maybe Biden and
Warren have been. So we'll, we'll, we'll, we'll
wait to see what happens there. There was some talk about JD,
which is one of the biggest online retailers in China are
going to create their own stablecoin in Hong Kong, which I
thought was relatively interesting.
There's, there's only going to be a few different stable coin
issuers in Hong Kong. And the fact that JD is going to
be one of them, I think points to the idea that, you know, it's
getting the steal of approval over there.
There was a big 100 million buy by a Chinese, a Hong Kong tech
firm. What was it a few days ago?
So definitely seeing Hong Kong being a bit more pro, pro
Bitcoin to see JD come in and say they're going to do a stable
coin, I think is a is a relatively big deal for people
who are involved in the derivative market.
Streets DDYDX might be selling its platform, well, it's
derivatives platform to various different buyers that jump and
Wintermute potentially were spoken about as potential buyers
for that. I think that would be quite a
big, quite a big sale. I would be unsurprised if they
both bought it. Like if they want to get as much
trading data as possible. So yeah, for them to buy it,
that would make sense. But they also have the DNS
attack at the same time, which is kind of like a weird, a weird
meeting with those two pieces of news.
And then you had BlackRock potentially asking for Athena to
invest their their funds in the Black Rock build program.
So some, let's say bigger corporate style news coming out
of coming out of crypto there. But generally, I would say a
positive, positive day. I think we'll probably continue
to rally macro kind of did nothing yesterday.
There was some weaker earnings from Tesla.
Google has strong earnings, but nothing, nothing crazy.
And then we've just had seen kind of a ramp up in in the
Harris campaign. Let's say it looks like she's
she's going to be, you know, enacting some policy and kind of
definitely being set up now as 100% going to be the candidate
against, against Trump. It's looking like it.
It's definitely looking like it more day in day out This there's
that. There's a lot of good stuff
going on still, right? It's like the positive news.
Don't just stop by like, oh, like we're getting over the
mount GOC stuff like it's the theory TFs are live and it's
they're actually doing pretty well.
It's there's a lot of good stuff.
I did not know about the Hong Kong stable coin, which I think
is really cool. Stable coin peg to Hong Kong
dollar unveiled Jing Dong Corn Link Technology Hong Kong
Limited unveils its plan to issue a Hong Kong dollar stable
corn, aiming to secure a cost effective payment solutions
while adhering to regulatory requirements.
It's good stuff. You'd love to see that.
Absolutely not surprised it's coming out of Hong Kong either
'cause it's like such a, such a, such a big crypto scene over
there. And it's, it's, it's much more
accepted in a way. Did we lose Tyler?
Is Tyler frozen? I was looking and I'm like,
wait, is is Tyler's not moving? Man, he's stoic.
He is stoic like in there. What's the thing that that that
that these young Youtubers are doing now like English or?
Spanish. He's back.
English or Spanish? English or Spanish.
And you know what, Tim, do you know what's one of the the thing
I'm talking about in the back there?
English is Spanish. The 1st to move.
These videos go viral. There you go.
Is he. Yeah.
To say we used to make fun of that Portuguese Wi-Fi.
But let me tell you, in Chicago, you know I don't.
Know what's going on? I'm just saying I spent enough
time in Europe this year to know that it's better out here, you
know? Oh, my God.
I was just saying we seem to be getting a lot of a lot of a lot
of good news, you know, in general.
Did we have a question on screen?
You said Sam's. I didn't.
I think I missed it. What's this theory behind
grayscale selling during ETF launches?
So yeah, man, those people are curious about why is it always
Grayscale dumping our bags. Well, it's because they have a
higher fee. Their fee is about 10 times what
everyone else's fees are. So they're they are their main
fund is sitting at 2 1/2 percent fee and everyone else is at
naughty .25% fee. You tend to see big outflows out
of those funds and into the lower fee funds.
So it's easier to look at things from a net basis because a lot
of that outflow will go directly into a lower fee product.
Well, there you go. That's a great answer.
I think they've moved another half a billion dollars worth of
eats this morning, by the way. I'm not sure, but I think
there's going to be another one of those.
And it was, I think it was Bitwise that was that looks like
they were the biggest info. But anyways, let's go to Tyler's
top 100, because I'm already assuming that you're going to
bring the Ethereum ETFs and their numbers up.
All right, So crypto majors mixed this morning as U.S.
stocks are falling fairly hard. We've got Solana leading the
way. I saw the 178 ETF's day one.
They saw $107 million in inflows, absorbing nearly half a
million in sales from great scales.
ETH was down 1% on the day at 3460.
In headline Solana news, Ethereum and 30 day decks volume
for the first time ever. So that's a pretty big mark
there. We saw $900 billion asset
manager Hamilton Lane. They've launched a private
credit fund on Solana, partnering with Web 3 protocol
Libre for the issuance and distribution of funds on chains.
That's going to be one to watch. Mando T, that's not for Kamala
Harris. She's in talks with Bitcoin
Nashville team to speak at the conference.
The Kamala coins went nuts once again.
Harris up 150% on ETH, Comma up 50% to 34.
Million. Solana, the the number one
market cap token MU was another big winner up to $150 million is
now a 10 day stretch from 250 million to 750 million in 10
days. Flipped MOG Cat coins are
clearly hot. A lot of NFT news on the day.
So Igloo Inc, the Pudgy Penguins parent company announced a raise
of over $11 million to develop abstract chain.
The funding led by Founders Fund.
That's Peter Thiel's fund, along with One KX, Everest, Spencer's
Group, and more. Doodles.
Huge additional news out of Doodles that introduced Doodles.
TVA direct to community media platform, allowing artists and
communities to own cultural moments.
They're going to launch their Superpass providing access to
all those assets next week on base.
So look out for that. We saw Garga and the other side
team drop new teasers for Project Dragon event one that's
taking place this Saturday. You will need a yoga ID to to to
take part in that. So, so that's of note.
Apecoin introduced the banana bill.
It's a big deal. They're offering 100 million ape
coins. That's $81 million for builders
and those who can help fuel commercial agreements that would
bring positive ecosystems. Look out for that.
And then that's two pieces of breaking news this morning.
One, Moonpay is partnered with Polymarket to enable credit card
payments over on. That's a big one right there.
I can't wait to get into that. I think it's a huge deal.
And then maybe more fun news here.
Solind has rebranded and saved. They introduced 3 new products
including Dumpy dot fun, a rival to pumped off on but where you
can short meme points. So a new meme corn short
protocol. We were asking for that.
There's a clip about that. There's a clip out there on the
formal hour Twitter, us asking for this tool.
So we're going to we're going to need to play listen.
And like expected, this is the big top 100.
You really went for it. Let's talk about Bitcoin
Nashville first because that's like around the corner.
I mean, how excited are you? I really wish I was going now.
It sounds like it's going to be a blast.
You know why? Because the start of the moment,
the Hawk tour girl is making an appearance.
Forget RFK, forget Trump, forget the potential having Kamala
Harris, forget Russell Brent. I mean, I saw that she was going
to Karate Combat. You guys check this out.
I mean, that's the big news now. I'm just kidding.
Tomorrow night. So we have.
News is everyone, everyone in the Bitcoin ecosystem is selling
off their their ordinals and rooms to afford the trip to
Nashville. It it seems like everything is
dumping hard ahead of the conference.
So, so not the the best momentum if you take a look at prices
over there. But yeah, it's going to be a big
event. It seems like more and more
folks are going so stoked for some events.
And I mean, the speakers are big in this one.
I mean, a lot of times the speakers are kind of like an
afterthought, but my God, that's the line up.
Here, let's go look at this line up real quick.
We have oh, you know who I would like to actually meet in person
with? Kathy Wood.
She's speaking there. She's hella cool.
We like Kathy Wood. We stand.
We definitely stand Kathy Wood. Let's check it out.
I mean witness history. Wow look at this.
Look at this picture right there Look at this picture.
I mean dude, look at this. Would you ever believe is when
they go on the Bitcoin Magazine website for the conference and
this is the list of top speakers, Donald Trump, RFK,
Michael Saylor, Kathy Wood, Russell Brand and Edward
Snowden? I mean, talk about a pack of
people. That's interesting.
Which one of them are you the most excited to see in person,
Tyler? I mean, I've never seen Trump
speak in person. I mean, that that's a big one to
to see. So Saylor, I think would also be
interesting to say. I mean, feel like you know what
he's going to say. And then Casey rolled him more
for from like more of a technical perspective, I think,
but is actually going to give a pretty interesting talk and he's
not even in because of this laundry list of folks they've
got. Look at that.
I think Vivek is a good speaker, right?
Yeah, Yeah, for sure. Speaker team.
Let's see. I mean, Mando, if you have to
pick between one of these fantastic seven, which one would
be your favorite headliner to go listen to?
I think they're all, they're all good public speakers.
I don't, I don't even know. I like, I like Vivac.
I think he speaks well. I like who is the guy just above
Kathy Wood? I'd like to hear.
I'd like to hear what she has to.
Say damn, Kathy Wood I like because she always has the
craziest price targets for us. She makes the best headlines.
Like Kathy Wood Arc Invest is putting is putting the chance of
like Bitcoin $2.3 million. Like fuck yeah, you know, that's
that's my, you know, that's my, that's my girl.
Anyways, look, we got all this. But it's interesting.
I see Edward Stone is actually a great speaker.
I heard him account the crypt actually two years ago they had
him speaking there via VPN and like the whole video thing, like
he was in the hidden room, which is crazy.
Actually, Senator Cynthia Loomis has been very like pro crypto,
like leading the charge here on the Bills and everything.
So it's a Casey Romo you're going to love.
By the way, I saw him in Bitcoin in Asia.
So I think you're really going to like that one great speaker.
I mean, father of the ordinals, right?
Who else is speaking that? Interesting.
This is quite a. Wow, that's a lot.
Shut. There's quite a there's quite a
selection of speakers. Jesus.
Oh, it keeps going and it keeps on going.
The difference? Between it's like just the
standard conference. Yeah, yeah.
The difference between Bitcoin conference and an NFT conference
is that all the PFPS he got, you know, you got to respect David
Bailey for putting himself all the way down here, you know, you
know, because, you know, given he's the founder of the whole
thing. But you know, so I, I respect
that. You know, he could, he could
have put put himself like the trump, but he didn't.
So you got, you got, you got to respect that.
But I'm excited to see, I mean, I guess on Monday or something,
we'll get a TLDR from you. So I'm excited to see all the
content from out of it. And then the wild card's Elon, I
guess, he, Polly Marcus tells Elon.
Just speak. It feels high to me but.
He does actually prediction. Mark it on his screen.
Yeah, interesting. Where is it?
Bitcoin is it I'm. Looking just search Elon.
Elon, will Elon give a speech? There it is.
Let's see. It's at 21% right now.
Still a lot. Yeah, I bet no on this.
Yeah, I think he's gonna be speaking.
Yeah, doesn't look like she's. Just PFP back that that was the
signal. That was during the show
yesterday. Did that that.
Wait, can we check in on D MAGA real quick?
I think it rebounded, but yeah, let's check it.
Oh shit, oh I left the chat because I didn't know I did.
I didn't want to get like murdered for sharing it
yesterday, so I just left the chat as soon as we were done the
show. I can't load D Screener D screen
right now. Hold on, let me try D screen.
Let's see, let's see. That was the funniest moment
ever on the show. That was funny.
You mentioned like the folks in the Telegram rallying, like
there was a a period of time on Twitter where like some big
accounts were like trying to rally behind D bag.
I'm like, yeah, Jeet's out. Now is the time to.
Bullish 95% retrace bro. Bullish 95% retrace.
Speaking of coins, retrace and all that mute.
Where's your check? Where's our check?
Hanging the kebab, hanging the cabal.
If you're listening to this, if you want to give us a quarter,
$1,000,000 to be sponsored by me, you're just going to ask.
You're just going to ask, did you see that?
Did you guys see that on the timing?
And Tyler, did you see that part?
Because I saw the pump, of course, which in retrospect,
they should have held my mute. There was a moment where I had a
fat bag of that thing. Shit, a quick swing trade, but
yeah, did you see that? So I've seen it more on my
timeline too. So I saw the chatter about the
Kols and I, I had kind of seen more of MEW just more
organically, organically in quotes now, of course, because
of the payments. But like whatever they're doing,
I mean, it's working 10 days. It was it was like 265,000,010
days ago. And now at all time high it it
flipped MOG and it's knocking on the door of Popcat.
And I was thinking about this this morning.
I mean, Solana, so Pepe is #1 meme coin, right?
Well put, like the ocean sheet beside so Pepe is at 5.4
billion. Solana's got the next 4 now.
So with Bonk, Pop Cat and now MU before you get to mog the next
one up on on. Each mog is back above you now.
But yeah, it's like they're like 6. 190 million when I checked.
So they're they're just going to keep flipping each other.
Yeah, they're just I think they're going to go band for
band pop cat Mew and MOG at this stage get that's kind of that's
kind of that's kind of what it's it's it's been like, but Pepe yo
Pepe had a good bounce boys pretty decent pump 5.4 billion.
Nice. How about some around 495?
Feels like whenever WIF gets more than 50%, yeah.
I mean, whiff is not bad. You're looking at 263.
It's it's up. I mean, Solana, I mean, let's
talk about this for a second like this.
Solana is performing like crazy right now, boys.
It's wild. This motherfucker don't miss.
Man, this thing is going so much higher.
There was a good, there was a good chart which a lot of Sol
Maxis were sharing today, which which was yeah, that, but there
was one just about the topic that we spoke about yesterday.
I'll, I'll send it in the chat, but just like hearing the it's
about the metrics of Solana versus ether right now and I
will send it to you. Just give me a second.
It was on Mando minutes, but look.
At that, this is something this is quite.
The metrics are insane for the moment.
This is why I like I'm not a big believer in like, Oh yeah, like
fade it because it's become consensus.
Like this thing is really, really performing well in terms
of metrics. So I don't know, I think I think
they're thinking can keep going. Like I think Solana before this
cycle started, I thought the easiest two trades were ordinals
and Solana and ordinals is kind of, you know, I still think is
it's had some steam come out of it because of runes.
But I do think ordinals are here to stay for the medium term and
I think people will return to being bullish on them.
But Salana just seems like such an obvious, I look at that go
through all the four of them, right, like.
Oh wow. Whoa, OK, that is some.
It's it's on par with with a theorem on all everything,
right. Market share it's on par 30
index volumes on par 30 index, it's on par in everything,
absolutely every metric. Wow.
I think the main one would be totally, totally economic value
as well, which is it's not quite reached it, but it's getting
close. Yeah, that is definitely
impressive. Well, Ferrari's not accepting
Solana yet. They announced they're accepting
Bitcoin, Ethereum. So.
So that's the metric that you're getting beat on.
But that's good because that means that we're not going to be
dumping our Solana for Ferraris yet.
We're going to wait for that right $1000 coin, Tyler,
Speaking of Theorem two, big three, big news on the NFT side
again and again, the same folks of of the last few weeks.
I mean, talk to me, talk me abstract doodles, not that good
stuff. I mean, love the abstract news.
Let's dive into that. Yeah.
So yesterday Igloo Inc, which is the Pudgy Penguins parent
company, they announced a raise over $11 million to develop
abstract chain. The funding was led by a
founders fund, which is Peter Thiel's fund along with one KX
and a few others. So they plan to use the funds to
build out Cube Labs, which is the new group that will oversee
the development of abstract. It raises the question of what
is abstract. And yesterday we got the
introduction. Luca and team took the
opportunity to introduce through the world yesterday In quick
summary, what is it? It's going to be the new
blockchain crypto using their words behind pudgy Penguins,
Ethereum from Kubernetes, who are driving, driving this.
They plan to win consumer crypto via culture and community along
brand and builder support. And they're saying builders will
be incentivized via marketing support, connections to
partners, tech assistance, proven mass distribution and
other incentives. This is going to be using ZK
sync tech stack and Eigen to provide cheap, fast and secure
transactions. And they are launching an
incubator, the Abstract Builder that is coming soon for
interested builders. So that was a nice introduction.
I think now we're just kind of waiting to see like what are
going to be the the first apps to launch here on abstract and
folks are itching to get involved.
We saw CBB, you know, notable blur and Blast farmer.
He he announced this morning he's out.
He bridged all his money out of Blast.
He took a haircut on the tokens he was going to receive.
And he's like, OK, I'm looking for my next one.
And I think a lot more in that camp right now.
So if abstract apps start launching, I think there's going
to be demand. Yeah.
What are your thoughts on that man though on the abstract news
yesterday? I don't really have a a strong
view on it. I think yeah, I don't.
I don't have a strong view on it.
Basically I think, I think it's yeah, it's good for them.
I didn't really want to do anything on the back of it.
Yeah, we'll see. Well, I mean, we'll see, right.
We'll see how they they managed to do it.
If the if the IT, it seems like it's a direct competitor to what
we just saw with Blast, right. But I think that, you know,
they're they're going to seemingly help founders more
projects. So I'm curious too to see Tyler
like what the first projects are going to be on it, right.
It's hard to have an opinion on it now.
It's like, OK, right. But one thing we know is Luca
Luca's been cooking. So, so we'll see, we'll see who
who migrates there first. Do we think some Blast apps are
going to leave Blast for abstracting on that?
No, if blast apps will migrate, but I will say this like it's
it's a good time to be a builder, right?
Like the the competition for builders feels like it's as high
as it's been. So you've got Ape Chain now
offering $80 million in incentives for developers to, to
come build on Ape Chain. You know, Blast has still got
all the season 2 rewards and everything they're doing.
And now abstract, you know, we don't know the details, but they
already out, you know, alluded to how they're incentivizing
builders and that that goes along with all the grants that
we know are from L2's like Garbatrone and, and, and base
and more. So it feels like there's there's
a lot of options for the most builders.
Is anything net positive happening on the back of this?
So like this proliferation of that we're going to see of L
twos, Like is it, are we just like doing it so we have a new
token or like is actually anything we, if we doesn't have
100 L twos, which all say, hey, we have a DEX on our, on our L2,
we're going to have we're going to have some form of IP play.
Like is anything net actually being done here or is it just a
way for everyone to raise money? Well, it's not net until there's
a successful app. I guess that like it's not net
negative either. I think like it's not then it's
it's it's tough to see net positive until there's a
successful app that's built on top of it like like a Poly
market is net positive. So if the next app comes out of
something like that. But what you just said is the
prime is the prime example of what I'm talking about.
Like all blast apps going to move over to abstract.
Like it just feels as though when abstract's done, we're just
going to have another L2, right? And we're just going to have
another L2 and another L2. And I, we're just going to
create the same thing each time. And I just, I don't know.
But like this is part of what the issue I have with the L2
infrastructure is that we spin up a new one and everyone gets
bullish around it, but nothing really productive gets done.
Like it's just like another way for everyone to raise capital
and, and gamble on and then we're going to raise another L2.
So that's, that was my take on it.
It was like I. Think it's fair criticism like,
but that's not even you're not even saying of abstracts of the
space in general, but I think that's something about crypto in
general. Like you're making a point
that's like, I mean, Tyler, what are your thoughts on that?
Yeah, I think it's hard to argue with, with Mandos, with what
we've seen, you know, in the last few years where I think the
common argument is we've got enough infrastructure.
We we need more apps. We've got, I mean, the
incentives are at least out there.
So I mean, folks are trying to put money where their mouth is
to solve that problem, right. Like it, it is a good
environment, you know, to, to, to be launching consumer crypto
apps like you can get money to do it.
At least that that's my read on what the, what these teams are
offering up and like Blast, you know, we, we thought Blast was
going to pay teams and they kind of just they pulled the gold
back and they basically just traded them users.
So I'm curious, you know, if the abstract experience will will be
different. I think they offer a bit of a, a
different, you know, package to to builders and then 8.2.
I guess just wait and see. Like, like we, we need that the
yeah, we said that the proof is in the pudding if apps get built
or not. And yeah, blast teams migrating.
That's that's a bad outcome for sure.
Blast did the best job of this I've seen.
Have any L2 literally have any L2 to actually try and create
new apps? Right.
OK, yes, they were all the the incentive structure made them to
Ponzi like, or at least the successful ones to Ponzi like
because everyone was just really after the blast gold or whatever
the hell. But I just wonder if, if the way
the L2's spin up right is, is this exact thing like we're
going to spend some money for you to come onto our chain and
create something. And, and the short term
incentives that often lead to these sort of Ponzi like
outcomes. Or we just, we just, or just an
existing app just says, Hey, we're going to launch on your
site like Uniswap or, or are they decide, hey, we're going to
launch on your thing. But nothing really is really
being created here apart from a vehicle to raise from VCs with
VCs get to dump on and we just we've net, net we've just like
we're just farming like I don't know.
I, I think, I think, I think it's impossible to argue against
what you're saying with the current set of crypto.
Like I don't, I think anyone like can argue against what
you're saying. I do agree with the department
here from some of us Quarto look at base, they're scaling
transactions super fast. They're advancing in wallet UX
ARB is home to amazing D5 projects.
I agree with that. They may not be home to like
protocols like the polymarkets of this world yet, but there is
some really cool stuff being built in terms from D5
perspective. Arbitrum and base is doing some
cool stuff, but maybe it's not mass market appeal just yet, but
but is more out tools like kind of taking, I don't know.
We'll see, we'll, we'll, we'll see where the we'll see where
the where that was. I mean, hey, Polymarket is built
on Polygon. We don't talk about that, but
you know, it's, it's, it's, it's, it's definitely a good
thought and something that people like.
You're right, like the the person said that none of the
day. We don't need, we have to shift
the attention from building more crypto rails to building more
consumer apps on the altars that we currently have.
So we'll see. And hopefully the abstract's
going to be the home to that. Speaking of NFTS, ETH and all
that good stuff, Tyler, there was also Doodles TV.
So what's that? Now that sounded good.
Maybe this is maybe this is the killer app, right?
I mean, they've got a shot. So they say Doodles introduced
Doodles TV. It's advertised as a next Gen.
direct direct community media platform that bridges the gap
between artists and community. So what?
What does that mean? So it is a token gated platform.
It's going to give fans exclusive access to premieres of
music, films, digital artwork that commemorate each of the
moments in this kind of upcoming doodles road map.
You can expect utility like being the first able to see
world premieres of films, the ability to chat with community
and artists, unlimited access to content, and then two, to make
this happen, they are launching the Superpass on base next week.
So that will be the pass that unlocks early access to all
their events, including the Dualsville and the Doodles verse
premiere, access to music videos on chain, artwork tied to
albums, and a whole lot more. And to access any of these
premieres or events, so one is going to have to have either a
superpass, a single event pass or a Doodles OG NFT.
So right there the, the NFT holders do have some utility
coming from all this. It's a cool model, right?
I think it's, if the content is, is as good as we think it is.
I mean, I, I think they're, they're doing everything to, to
use web three to, to push this forward.
And not many other teams are doing it like they are.
Julian's like you said, you said it, but Julian like and you
know, just just, I think they're coming on, He's coming on on
Monday, Monday, there you go, he's coming on Monday.
So you guys will be here to to hear from Julian Hogan himself,
CEO of doodles. So I like it, man.
I I I like, I like, I like that they're that they're they're
trying, you know, and that and that they're, they're they keep
on building, you know, because it's tough that the NFT on the
NFT side after mega raised all criticism and this and that that
in a few moments. And then, you know, seems like
Julian is fucking spare heading. He's a good CEO, man, he's a
good CEO. We gotta give him his his
flowers there for sure. He's definitely moving the the
the needle for it. And yeah, someone also just
commented Sanko TV on the orb is killing it actually.
And it's true. They've built some really,
really cool OP. I'm actually a personal fan of
that. You guys have probably heard of
like the DMT token on there, but it's, it's actually pretty cool.
So we're we're getting there. I think there's a World War like
what Mando, you said there's finally going to be
counterpoints to it, but it's going to take 612 months still.
I think hopefully less, hopefully not hopefully in the
in the year we'll be able to look back at this like, no, now
we have this, this and that and it's and it's and it's and it's
that. Tyler, one more topic hit me.
Shout out to Moon pay, you know, a partner of ours in Polymarket.
I feel like one of my bigger criticisms of Polymarket has
been the onboarding experience. And with this new partnership
with, with Moon pay offering credit card access, I think it
really is a game changer. So like I, I had a personal
friend, you know, text me just a few weeks back, he wanted to bet
on effectively on Biden to drop out.
We've talked about that on the show, but basically, Long story
short, he made me do it because he didn't want to go through all
the the hurdles of buying crypto and all that.
Well, now he can do that himself now.
And like putting the whole like legality thing aside like that,
that's going to be an issue that needs to be worked out.
I mean this is I'm born just got way easier.
Hold on. Speaking.
So you. You the second you speak about
this man, he shows up. I swear to God.
This kid got what's up. Keith, can you hear me?
Keith, are you on stage? I can't hear.
His ear was ringing, bro. His ear was ringing.
Keith. Hold on.
Hold on.
Wait. Keith on mute.
I texted. It was on mute.
He on stage. Oh my God, he's he's not.
I don't. I think we may have a lag hair
or something. You guys can't hear anything,
right? No, couldn't hear him.
Not at all. Keith again.
OK, give me one more shot then we're going to go to today's
guest. I see.
I see my boy in the in the studio.
We got a great video for you. But quickly, Keith again.
Try #2 Take two. Keith.
Kate. Nope.
Well, there's a bug. Yeah, it's it must be lagging.
I'll, I'll, I'll tell Keith to pass by tomorrow.
If you maybe go back. Tomorrow it'll, it'll probably
be easier because I, I, I keep trying.
Yeah. It's doing the like.
It's Twitter, man. Twitter's gonna snow. 2 phones.
No. No shot.
Nothing.