1 00:00:00,160 --> 00:00:03,480 Oh yo-yo, what up? What up? 2 00:00:03,560 --> 00:00:04,960 Good morning. Good morning. 3 00:00:04,960 --> 00:00:17,880 GMG Friday, February. What is it? 4 00:00:19,400 --> 00:00:23,960 16th 2024 Four four. Look at that. 5 00:00:24,240 --> 00:00:27,400 Another beautiful day to have a beautiful day. 6 00:00:27,800 --> 00:00:32,520 I got my Co host in the house, OSF Mando, both with new 7 00:00:32,520 --> 00:00:34,360 backgrounds. You love to see that. 8 00:00:34,800 --> 00:00:40,800 How you guys doing today? My Internet is screwed. 9 00:00:41,120 --> 00:00:43,400 You look, you look, you look like you look really like, 10 00:00:43,400 --> 00:00:45,440 focused on something right now. Is it your Internet? 11 00:00:45,720 --> 00:00:48,880 My yeah, I hate my up. Weirdly, my upload speed is 12 00:00:48,880 --> 00:00:52,520 really good, but my download speed is like one MB per second. 13 00:00:52,760 --> 00:00:55,360 I just don't understand. I can't hear you guys, but you 14 00:00:55,360 --> 00:00:56,760 guys can probably hear me really clearly. 15 00:00:56,920 --> 00:00:59,760 We can hear you perfectly and actually I see you pretty well 16 00:00:59,760 --> 00:01:01,920 like you and your rec jerseys in the back. 17 00:01:01,920 --> 00:01:04,640 Like it's literally crisp for what it's worth. 18 00:01:04,760 --> 00:01:08,600 But but I don't know it. We hear you well though. 19 00:01:08,680 --> 00:01:13,400 We we we, we, we hear the well. But it's OK we can we can you 20 00:01:13,400 --> 00:01:16,600 can troubleshoot in the back and while we get, while we get this 21 00:01:16,760 --> 00:01:18,600 squared away. Mando, how you doing? 22 00:01:18,600 --> 00:01:20,960 I like the brick wall. I'm a big fan of the brick wall. 23 00:01:21,520 --> 00:01:26,880 Yeah, I'm currently in an old bar, one in central London doing 24 00:01:26,880 --> 00:01:29,440 the show. So I think as the as the show 25 00:01:29,440 --> 00:01:32,960 goes on and we get about four 4:30, this place is going to get 26 00:01:32,960 --> 00:01:34,880 absolutely rammed. But it was just the quickest 27 00:01:34,880 --> 00:01:36,680 place for me to be able to sit down and do the show. 28 00:01:39,080 --> 00:01:42,560 I love that it sounds like a It sounds like I'm on my own today. 29 00:01:44,120 --> 00:01:47,320 I if if someone was to come on the stream and help me with this 30 00:01:47,320 --> 00:01:51,680 one, looks like we're down two men or like I'm. 31 00:01:51,760 --> 00:01:54,160 Here, I'm here. This song really is going to get 32 00:01:54,160 --> 00:01:56,360 rowdy. I know that. 33 00:01:56,360 --> 00:01:59,520 That's, that's why I'm saying if there's any reinforcements in 34 00:01:59,520 --> 00:02:05,920 the audience, are you drinking a whiskey Coke here or just just a 35 00:02:05,920 --> 00:02:08,720 Coca-Cola? What's in there? 36 00:02:08,720 --> 00:02:11,360 You're muted. I said, who knows? 37 00:02:11,600 --> 00:02:16,040 You know I'll never tell. Never tell you It looks like you 38 00:02:16,040 --> 00:02:17,680 may have a little whiskey in there. 39 00:02:17,960 --> 00:02:20,280 It it looks like a little something in there. 40 00:02:20,280 --> 00:02:25,800 Mando love to see that, love to see that. 41 00:02:25,800 --> 00:02:28,360 Anyway, so today we got a, we got a, we got a front show today 42 00:02:28,760 --> 00:02:30,680 we got a, we got another great show for y'all. 43 00:02:30,680 --> 00:02:33,440 Of course it's Friday after all. Are we going to get our Shabbat 44 00:02:33,440 --> 00:02:34,600 candles or not? We'll see. 45 00:02:34,600 --> 00:02:38,120 One thing's for sure is that the market definitely cooled down a 46 00:02:38,120 --> 00:02:41,280 little bit this morning versus what we got used to this morning 47 00:02:41,280 --> 00:02:43,480 of pure euphoria at 10:30 AM Eastern Standard Time. 48 00:02:44,240 --> 00:02:46,880 So that that's that's what's up. So we'll we'll go over market 49 00:02:46,880 --> 00:02:50,400 report as usual. We'll go over a few topics and 50 00:02:50,400 --> 00:02:53,920 what's going down in the space. And then there was a number 51 00:02:53,920 --> 00:02:55,760 another I think it was inflection number came in this 52 00:02:55,760 --> 00:02:57,800 morning. So I'm sure OV given that the 53 00:02:57,800 --> 00:03:04,280 his Wi-Fi is fixed, given his Wi-Fi is fixed will be will be 54 00:03:04,280 --> 00:03:08,160 good on on that front. And of course we have some great 55 00:03:08,160 --> 00:03:10,400 topics lined up for you on the gaming side. 56 00:03:10,400 --> 00:03:13,880 One of them which was meant to be today the 8 chain. 57 00:03:14,000 --> 00:03:17,120 So Arbitrum is going to be you know hosting the 8 chain. 58 00:03:17,680 --> 00:03:19,640 They won the bid. It was dowvoed. 59 00:03:20,280 --> 00:03:22,080 It was dowvoed actually it was not really bid but we'll get 60 00:03:22,080 --> 00:03:26,880 into details of that because on following that I I I just kind 61 00:03:26,880 --> 00:03:30,480 of like commented on on on on the founder of off chain labs 62 00:03:30,480 --> 00:03:31,960 you know Twitter account. I was like hey you want to come 63 00:03:31,960 --> 00:03:34,200 on the show And he was like yeah let's go. 64 00:03:34,200 --> 00:03:37,000 And so we made that happen quick on a quick turn around last 65 00:03:37,000 --> 00:03:41,240 night and so we'll be joined by by legend actually on this on 66 00:03:41,240 --> 00:03:43,040 the show today I'm I'm I'm hella hyped. 67 00:03:43,040 --> 00:03:46,000 I'm not going to lie, I'm super hype because we are working with 68 00:03:46,000 --> 00:03:48,480 Arbitrim now for what we've got going on Rugby or the crib. 69 00:03:48,480 --> 00:03:52,920 But we're talking about a really a really, really big founder in 70 00:03:52,920 --> 00:03:56,200 crypto in general. So it's really exciting to be 71 00:03:56,200 --> 00:04:00,640 able to have Steven Goldfetter coming on to talk about all 72 00:04:00,640 --> 00:04:02,600 what's going on, why is it important for Theorem? 73 00:04:02,600 --> 00:04:05,880 And also maybe we could squeeze in a few questions overall about 74 00:04:05,880 --> 00:04:08,800 the ecosystem Theorem ecosystem and how he feels about the 75 00:04:08,800 --> 00:04:10,440 market currently in the state of crypto. 76 00:04:10,440 --> 00:04:12,640 So that is going to be an exciting show. 77 00:04:12,640 --> 00:04:16,560 And as if the show is not good enough, at the end of this show 78 00:04:16,560 --> 00:04:19,680 it is Friday, so you already know it's Flute Box Friday. 79 00:04:19,800 --> 00:04:23,120 At the end of the show, we're gonna be picking two winners 80 00:04:23,120 --> 00:04:26,160 from the audience. So two people that retweet the 81 00:04:26,160 --> 00:04:27,360 space. At the bottom right, there's a 82 00:04:27,360 --> 00:04:29,400 purple box. It's also pinned at the top. 83 00:04:29,400 --> 00:04:32,160 All you have to do is literally just retweet the space and be 84 00:04:32,160 --> 00:04:32,960 here. That's all you have to do. 85 00:04:32,960 --> 00:04:35,000 You were to the space you're here, you follow from our and 86 00:04:35,000 --> 00:04:38,280 Robit, obviously that's a given. We're not going to give right, 87 00:04:38,280 --> 00:04:40,240 you know, this money away to people don't follow us, right. 88 00:04:40,840 --> 00:04:43,760 And and then you'll have a chance, two chances actually to 89 00:04:43,760 --> 00:04:47,400 come up on stage and spend a $5000 loop box with us and 90 00:04:47,400 --> 00:04:50,120 potentially win a lot of money. So that would be fun. 91 00:04:50,120 --> 00:04:51,760 That's today. So make sure that you retweet 92 00:04:51,760 --> 00:04:54,320 the Twitter spaces at the bottom right. 93 00:04:54,720 --> 00:04:55,920 And I got some good news for you all. 94 00:04:56,280 --> 00:04:58,040 I got some good news for y'all. It looks like. 95 00:04:58,560 --> 00:05:01,360 It looks like we got the OK to give money every day again on 96 00:05:01,360 --> 00:05:05,200 the show starting next week. So Mando, we got we got we got 97 00:05:05,200 --> 00:05:06,320 the approval I think this morning. 98 00:05:06,640 --> 00:05:09,920 So it looks like we're just going to keep you know, the the 99 00:05:09,920 --> 00:05:11,760 show goes on. It looks like we're just going 100 00:05:11,760 --> 00:05:13,120 to keep giving money away every day. 101 00:05:13,680 --> 00:05:16,840 You know Razor was like why not. So we're going to keep it going. 102 00:05:16,920 --> 00:05:19,080 We're going to make it rain. So make sure you follow from our 103 00:05:19,080 --> 00:05:20,960 wow that's that's. Impressive. 104 00:05:20,960 --> 00:05:25,320 That's fucking impressive. I mean, you know, they're happy. 105 00:05:25,320 --> 00:05:29,400 We're happy, people are happy. This is a triple win. 106 00:05:29,480 --> 00:05:31,080 This is, this is the perfect thing. 107 00:05:31,080 --> 00:05:33,080 You know, this is perfect when everybody's winning. 108 00:05:33,080 --> 00:05:36,800 The audience, the creators, the brands, you know, we're happy. 109 00:05:36,800 --> 00:05:38,600 It's it's it's a perfect trifecta. 110 00:05:38,600 --> 00:05:42,480 So anyways, anyways, anyways, why don't we get started and 111 00:05:42,480 --> 00:05:56,880 talk about this market? Yeah, GM everyone. 112 00:05:57,880 --> 00:06:02,680 So I have to admit I only just saw the market before I before I 113 00:06:02,680 --> 00:06:04,120 opened it up. Although I did the minutes this 114 00:06:04,120 --> 00:06:07,640 morning, it does look like we've we've taken a little bit of a of 115 00:06:07,640 --> 00:06:11,240 a dip over the last over the last couple of hours. 116 00:06:12,520 --> 00:06:16,800 You had strong coin base results last night, felt like crypto 117 00:06:16,800 --> 00:06:18,320 might even take another leg higher. 118 00:06:19,080 --> 00:06:22,480 Very big inflow day yesterday again on the ETF I think, which 119 00:06:22,480 --> 00:06:24,680 was just shy of 500 billion again. 120 00:06:25,880 --> 00:06:32,120 And yeah, it's kind of got kind of an insane, insane week and 121 00:06:32,120 --> 00:06:35,960 1/2 for ETF inflows I have to say. 122 00:06:35,960 --> 00:06:39,240 And I put it in the chat with broken OSF earlier today and I 123 00:06:39,240 --> 00:06:40,920 took off quite a lot of positions this morning. 124 00:06:41,320 --> 00:06:47,240 Is that one thing I would expect to see is, is it the weekends 125 00:06:47,240 --> 00:06:50,600 are probably not going to be as strong like as we've been seeing 126 00:06:50,600 --> 00:06:54,000 each day like we rally into the US Open which we were doing. 127 00:06:54,000 --> 00:06:56,840 I think because even rallying when I last checked it and then 128 00:06:56,840 --> 00:06:59,320 we dumped when we when that buying is done because 129 00:06:59,320 --> 00:07:01,360 everyone's like fuck, you know we're not going to get any more 130 00:07:01,360 --> 00:07:05,120 buying after the initial buys are done and we're not going to 131 00:07:05,120 --> 00:07:07,040 get any more buying till Monday now. 132 00:07:07,360 --> 00:07:12,600 So I I think people just should be a bit more wary that the the 133 00:07:12,600 --> 00:07:14,920 market might trade a little bit. Weak. 134 00:07:15,880 --> 00:07:21,240 On let's say Friday afternoon into Sunday, Sunday evening and 135 00:07:21,240 --> 00:07:24,240 then probably pick up then. So personally I'm not buying 136 00:07:24,240 --> 00:07:32,400 this dip yet and the reason is for that I think, I think, I 137 00:07:32,400 --> 00:07:35,040 think funding was a little bit high and if you're not having 138 00:07:35,080 --> 00:07:38,600 ETS buying 500 million for the next few days then then it could 139 00:07:39,280 --> 00:07:44,920 we could fall back a little bit. So yeah I'm I'm going to wait 140 00:07:45,000 --> 00:07:49,080 and maybe I missed it slightly but but just given how far stuff 141 00:07:49,080 --> 00:07:50,760 ran up I think it's a little bit dangerous. 142 00:07:50,760 --> 00:07:55,000 But the thing that I'll I will be buying is E on this dip. 143 00:07:55,000 --> 00:07:57,880 It still feels like the thing that I would want to buy, maybe 144 00:07:57,880 --> 00:07:59,360 Solana. I think Solana's on the full 145 00:07:59,360 --> 00:08:01,240 decent amount for the last few days. 146 00:08:01,240 --> 00:08:06,160 But but yeah, those two at least, at least on the weekend, 147 00:08:06,280 --> 00:08:10,320 you know? Yeah, I didn't realize the Wick 148 00:08:10,320 --> 00:08:12,720 was so. I mean, I didn't realize. 149 00:08:12,720 --> 00:08:15,560 Look at the Darth Vader looking wet, Wick. 150 00:08:15,600 --> 00:08:17,280 Yeah dude, that's why I was. That's why I was scared. 151 00:08:17,320 --> 00:08:19,520 If you you you you got caught like. 152 00:08:19,840 --> 00:08:21,720 Almost. Almost. 153 00:08:22,120 --> 00:08:26,520 I almost got caught bad. I almost got caught bad last 154 00:08:26,520 --> 00:08:28,480 night. You know what happens to me? 155 00:08:28,480 --> 00:08:29,720 And that that's why I was telling you and OV. 156 00:08:29,720 --> 00:08:31,640 So I may as well talk about it here because I'm curious if some 157 00:08:31,640 --> 00:08:33,080 people can relate to that in the audience. 158 00:08:33,320 --> 00:08:38,640 When trading in here we see the Asia Open at like 8:00 PM from 159 00:08:38,640 --> 00:08:42,280 the East Coast. And every day without fail in 160 00:08:42,280 --> 00:08:45,000 this market like at around 8:00 we rally like literally. 161 00:08:45,000 --> 00:08:49,640 You can go back and check on all coins around like 7/8, 9:10 PM. 162 00:08:49,640 --> 00:08:52,520 And usually sometimes I catch a trade before bed like a bit I 163 00:08:52,520 --> 00:08:54,760 scalp, sometimes I just go to sleep and before bed I just like 164 00:08:54,760 --> 00:08:57,720 catch that. And last night I left it open 165 00:08:57,720 --> 00:09:00,080 thinking yo like surely tomorrow we have another day of ETF 166 00:09:00,080 --> 00:09:03,120 inflows we may see another leg up $100 on ETH. 167 00:09:03,920 --> 00:09:08,800 That did not happen thankfully. Thankfully, like an hour before 168 00:09:08,800 --> 00:09:10,560 the show I was like OK, this is not working. 169 00:09:11,440 --> 00:09:15,160 Or two hours before I woke up early enough and I was like OK 170 00:09:15,280 --> 00:09:17,280 this is not working. This sounds like one of those 171 00:09:17,280 --> 00:09:20,600 places where I made a lot of money this week trading for my 172 00:09:20,600 --> 00:09:24,160 bag and I'm going to get give it back and so I cut it and then it 173 00:09:24,160 --> 00:09:28,480 tanked even more so I I nearly round trip like a whole trade 174 00:09:28,480 --> 00:09:30,280 here. Thankfully I, I, I did it. 175 00:09:30,760 --> 00:09:32,920 So we're good. The the the we're good for the 176 00:09:32,920 --> 00:09:35,040 week. But that was that was scary. 177 00:09:35,040 --> 00:09:38,480 Mando. That was that was a scary one. 178 00:09:39,800 --> 00:09:42,200 I think you muted again. Oh, there you go. 179 00:09:42,960 --> 00:09:45,320 I mean I did obviously. I've been saying that I think 180 00:09:45,320 --> 00:09:50,080 you should hold hold on for a median term like I I guess I I I 181 00:09:50,080 --> 00:09:53,000 didn't. I still have a large bit of my 182 00:09:53,000 --> 00:09:56,200 trade on, but I took off pretty much all of my alt, alt coins 183 00:09:56,200 --> 00:10:00,760 yesterday and this morning Sorry for a little bit that just 184 00:10:00,760 --> 00:10:04,760 because just because it felt like I could imagine the weekend 185 00:10:04,760 --> 00:10:08,680 being a little bit scary and you could see some very, very big 186 00:10:08,680 --> 00:10:12,560 Wicks slower than some of those. But yeah, I'm I'm going to be 187 00:10:12,560 --> 00:10:15,240 buying this weekend like I I think this movie is nowhere near 188 00:10:15,240 --> 00:10:17,200 done. Like nowhere near done. 189 00:10:17,720 --> 00:10:22,280 So I yeah, I'm going to be buying the pain, but it's not 190 00:10:22,280 --> 00:10:25,720 today because I think you know things would get a little bit 191 00:10:25,720 --> 00:10:27,600 scary. So I think the next 24 hours and 192 00:10:27,600 --> 00:10:29,960 that's that's great opportunity. You know, I mean, it's a great 193 00:10:30,040 --> 00:10:35,320 opportunity. Yeah I I I actually I actually 194 00:10:35,320 --> 00:10:37,560 agree I mean I don't see this move going stopping in time soon 195 00:10:37,560 --> 00:10:40,240 but that's really mostly what you and and what we talk about 196 00:10:40,240 --> 00:10:44,200 usually I'm I'm just I'm I'm just a permeable that's all I am 197 00:10:44,360 --> 00:10:47,560 and it's very tough at times to be that because you have to calm 198 00:10:47,560 --> 00:10:50,640 down and calm yourself down. The other big out, the other 199 00:10:50,640 --> 00:10:53,840 big, big one yesterday that had a big day, I mean Mando, it was 200 00:10:54,000 --> 00:10:56,000 really say, right, I know you were, you've been talking about 201 00:10:56,000 --> 00:11:01,640 it for a minute now, say reached a dollar, yes, a dollar O 2 a 202 00:11:01,640 --> 00:11:03,120 dollar O1. I forgot what it was. 203 00:11:03,680 --> 00:11:04,960 Obviously it was all over a timeline. 204 00:11:04,960 --> 00:11:07,160 I guess it's a big mental like thing like when we see these 205 00:11:07,280 --> 00:11:10,520 round numbers and everything. So that's that was a big, big 206 00:11:10,520 --> 00:11:15,560 one that happened on the market yesterday, went all the way up 207 00:11:15,560 --> 00:11:20,880 to what is it 1103. But you've been talking about 208 00:11:20,880 --> 00:11:22,600 this one for a minute. Yesterday morning you explained 209 00:11:22,600 --> 00:11:24,760 about the big ecosystem on what that happened over there, so. 210 00:11:26,440 --> 00:11:30,960 Yeah, I took off. I took off about 90% of the 211 00:11:30,960 --> 00:11:36,400 trade at $0.96 there but Mists listed run up but then I was 212 00:11:36,400 --> 00:11:41,600 like it's that's $10 billion fluid in market cap put in 213 00:11:41,600 --> 00:11:46,000 perspective like suey which we spoke about it's at 18 two years 214 00:11:46,000 --> 00:11:52,160 or something similar I think sale keep going but it moved 50% 215 00:11:52,160 --> 00:11:55,560 in a week like let's just put that into perspective like it 216 00:11:55,560 --> 00:11:58,960 moved 50% in a week that's that's quite a big move. 217 00:11:59,320 --> 00:12:03,000 So I just felt like it could, it could move around. 218 00:12:03,000 --> 00:12:07,480 But I like that story for the next few months because like if 219 00:12:07,480 --> 00:12:11,160 I look ahead, May is going to be their big release in C2. 220 00:12:11,160 --> 00:12:13,920 I think that'll be, that'll be a big deal for that. 221 00:12:15,400 --> 00:12:17,920 And then yeah, what are the other stories? 222 00:12:17,920 --> 00:12:21,600 But the other big stories that were happening yesterday were in 223 00:12:21,760 --> 00:12:23,240 AI. So if you look at all the big 224 00:12:23,240 --> 00:12:26,880 movers, at least from this morning it was, it was all the 225 00:12:27,000 --> 00:12:30,960 AI related points. It seems like cow render fair. 226 00:12:32,000 --> 00:12:36,120 A few others like they all started moving because of 227 00:12:36,760 --> 00:12:41,600 because of the release of this Sora Black Sora text to video 228 00:12:41,600 --> 00:12:44,760 chat from Open AI, which I saw that just got everyone. 229 00:12:45,000 --> 00:12:48,840 I mean, it's kind of silly because a lot of these coins A 230 00:12:48,840 --> 00:12:52,520 either really do nothing or like the people who own them don't 231 00:12:52,520 --> 00:12:57,000 really know how they're going to be used and B, even if they do 232 00:12:57,000 --> 00:13:01,080 do something, It's not often related to what the bit of AI 233 00:13:01,080 --> 00:13:05,880 news is that came out and this sort of news is just like a, you 234 00:13:05,880 --> 00:13:08,360 know, it's a text to video. It looks looks pretty 235 00:13:08,360 --> 00:13:10,360 incredible, particularly if it starts being used, things like 236 00:13:10,360 --> 00:13:16,040 games and stuff like that. But yeah, like why someone sees 237 00:13:16,040 --> 00:13:22,960 that and needs to buy, I don't know how or buy that, it's just 238 00:13:22,960 --> 00:13:25,960 a bit of a jump. But yeah, AI as a narrative has 239 00:13:26,000 --> 00:13:28,920 LED crypto for the last two weeks. 240 00:13:29,000 --> 00:13:32,560 So if you go onto the AI coins, you'll see they're all up. 241 00:13:33,000 --> 00:13:38,360 You know, they're all up 30 to 50% over the last couple of 242 00:13:38,360 --> 00:13:39,360 weeks. I'm up even more. 243 00:13:40,080 --> 00:13:42,120 Yeah, the the store thing is interesting. 244 00:13:42,440 --> 00:13:46,880 Text to prompt what is it prompt prompt to a video and I've seen 245 00:13:46,880 --> 00:13:48,800 some pretty impressive use of it so far. 246 00:13:48,800 --> 00:13:54,640 So it's I it's getting scary every time. 247 00:13:54,760 --> 00:13:57,320 It just gets better and bigger and crazier. 248 00:13:57,720 --> 00:14:01,320 So I saw the Sora access and of course digens were very quick to 249 00:14:01,320 --> 00:14:03,120 jump to making a shit coin about it. 250 00:14:04,480 --> 00:14:09,520 So I have to say Mando, I really admire the speed at which digens 251 00:14:09,880 --> 00:14:16,320 in this industry are at creating things and just I'm very 252 00:14:16,320 --> 00:14:17,960 impressed at the speed of which. Two chains. 253 00:14:18,640 --> 00:14:21,520 On Two Chainz, you know what I mean? 254 00:14:21,520 --> 00:14:26,160 Like you know, I have to say like the the speed at which 255 00:14:26,840 --> 00:14:31,640 people in this space are to create buddy out of vaporware 256 00:14:31,800 --> 00:14:32,960 like air. You know what I mean? 257 00:14:32,960 --> 00:14:36,800 Like in the magical Internet money is is impressive. 258 00:14:36,800 --> 00:14:39,600 So whoever, whoever is running those, you know, those are 259 00:14:39,600 --> 00:14:41,480 people that just like copy pasta contracts, right? 260 00:14:41,480 --> 00:14:43,600 They're just just ready to go. They're on on the Internet all 261 00:14:43,600 --> 00:14:46,120 day long and they see a new meme, they see a new thing. 262 00:14:46,120 --> 00:14:49,160 They see something Elon is saying online or like, you know, 263 00:14:49,280 --> 00:14:51,680 a new invention like Sora. And they just, they just go 264 00:14:51,680 --> 00:14:53,880 right into it. So if you're lucky enough, 265 00:14:53,880 --> 00:14:56,920 you're online, you catch it and if and if you're unlucky, you're 266 00:14:56,920 --> 00:15:00,600 usually buying the top and then you know it follows by a dump 267 00:15:00,880 --> 00:15:02,560 99% where you lose all your money. 268 00:15:02,560 --> 00:15:07,440 So I would be careful and beware when it comes to to to trading 269 00:15:07,440 --> 00:15:10,600 those. But it's definitely funny to see 270 00:15:10,960 --> 00:15:12,800 that happening. Mind the one thing I see, I, I, 271 00:15:12,800 --> 00:15:16,360 I, I, I actually, we could use over here, 'cause I didn't want, 272 00:15:16,400 --> 00:15:18,160 I didn't want to ask him about inflation, miss fixing his 273 00:15:18,160 --> 00:15:19,400 Internet. But one thing I want to ask you 274 00:15:19,400 --> 00:15:23,680 here, I find it so funny and that's something I was talking 275 00:15:23,680 --> 00:15:28,040 to you before the show about, is a few weeks ago we were saying 276 00:15:28,160 --> 00:15:32,360 we can't wait for the weekend, GBTC can't dump on us, and now 277 00:15:32,360 --> 00:15:36,600 we're saying the opposite. Now we're saying can't wait for 278 00:15:36,600 --> 00:15:38,520 the week almost. Or like weekend's gonna be a 279 00:15:38,520 --> 00:15:41,640 dump or like dibs but the week is gonna have inflows. 280 00:15:42,200 --> 00:15:45,480 This, this minds, this shift in mind is interesting. 281 00:15:45,600 --> 00:15:47,760 Is that I don't know is that a good or a bad thing? 282 00:15:47,760 --> 00:15:48,720 Like I don't know how I feel about it. 283 00:15:48,720 --> 00:15:51,880 I feel like in a bull market or in the core cryptos not to be 284 00:15:51,920 --> 00:15:54,160 super correlated like that to the to the markets. 285 00:15:54,160 --> 00:15:55,160 Like what? What do you think? 286 00:15:55,240 --> 00:15:57,440 What do you think of this mindset shift going on? 287 00:15:59,760 --> 00:16:01,480 I think you just have to accept it, yeah. 288 00:16:01,480 --> 00:16:04,560 I think a lot more of the flows are now going to be having 289 00:16:04,560 --> 00:16:10,440 during working, working, working hours for like the rest of the 290 00:16:10,440 --> 00:16:12,840 market. So yeah, I think we just gotta 291 00:16:13,160 --> 00:16:15,840 we gotta live in that world. Yeah. 292 00:16:15,840 --> 00:16:19,320 Definitely definitely gotta just OK fine that was you know that 293 00:16:19,320 --> 00:16:22,280 was that was a very clear answer that was a very clear answer 294 00:16:22,280 --> 00:16:23,480 Mando. You just have to accept it. 295 00:16:24,080 --> 00:16:26,120 That's just how it is and you're gonna have to deal with it. 296 00:16:26,520 --> 00:16:30,160 So it's it's very interesting dynamic So but it just shows you 297 00:16:30,160 --> 00:16:32,720 for me I want to point out because it shows you the the the 298 00:16:32,720 --> 00:16:36,080 the the mental behind it like we one week you'll we're bearish, 299 00:16:36,080 --> 00:16:38,440 one week we're bullish. One week this is good. 300 00:16:38,440 --> 00:16:41,440 One week no this is bad. One week it's a southern news 301 00:16:41,440 --> 00:16:44,120 one week it's never mind like this is something you should 302 00:16:44,120 --> 00:16:45,160 have. So it's just it's just 303 00:16:45,160 --> 00:16:47,600 interesting when you when you when you look at it from this 304 00:16:47,600 --> 00:16:50,520 perspective and how we tend to play mind games on ourselves 305 00:16:51,200 --> 00:16:54,040 actually and that's just that's just something I wanted to point 306 00:16:54,040 --> 00:16:56,000 out that I find that I find kind of funny. 307 00:16:56,440 --> 00:16:58,320 It looks like all we still having Wi-Fi issues. 308 00:16:58,520 --> 00:17:01,520 It's so funny. Ovi was so excited to move 309 00:17:01,520 --> 00:17:04,640 because he moved over last week that's why he was on the show 310 00:17:04,640 --> 00:17:12,480 one or two days then and and and he and it's so funny because he 311 00:17:12,480 --> 00:17:16,480 was excited the most about his new Wi-Fi and it seems like his 312 00:17:16,480 --> 00:17:19,839 new Wi-Fi is just not working. It seems like the boy is having 313 00:17:19,839 --> 00:17:23,000 a one MB per second download speed so that that's not 314 00:17:23,000 --> 00:17:24,079 working. He can't hear us. 315 00:17:24,079 --> 00:17:27,040 He can't talk to us. And that's, and that's a tough 316 00:17:27,040 --> 00:17:30,200 one. And it looks like Mando is sort 317 00:17:30,200 --> 00:17:32,800 of logged here. Am I gonna have to like, am I 318 00:17:32,800 --> 00:17:35,320 gonna have to talk? Am I gonna have to just talk 319 00:17:35,320 --> 00:17:37,440 NFTS here on my own? Because I can cover that. 320 00:17:37,840 --> 00:17:39,240 I can. I can cover that very easily. 321 00:17:39,240 --> 00:17:42,560 So I guess, I I guess before we have Stephen. 322 00:17:42,560 --> 00:17:43,880 Come on. So Stephen's going to be on in 323 00:17:43,880 --> 00:17:46,040 about 7 minutes. Let's talk about ape chain. 324 00:17:46,040 --> 00:17:47,920 So make sure you're retweeting the spaces, make sure you follow 325 00:17:47,920 --> 00:17:49,560 four more hour and that you're sharing it. 326 00:17:49,560 --> 00:17:51,760 Because at the end you're going to have the chance to win a lot 327 00:17:51,760 --> 00:17:54,720 of money, that's for sure. And I Oh my God, I had to fix a 328 00:17:54,720 --> 00:17:56,800 little bit of the boxes too. OK. 329 00:17:57,120 --> 00:17:59,080 This is such a typical show for us. 330 00:17:59,120 --> 00:18:01,600 Oh my God, I love this. This is you. 331 00:18:02,040 --> 00:18:03,680 Can hear me, but it's going to be really loud now. 332 00:18:04,240 --> 00:18:07,400 No, it's better. You sure? 333 00:18:08,640 --> 00:18:12,120 This is better. OK. 334 00:18:13,120 --> 00:18:16,360 I have to say this is better I I I mean that maybe cuz these 335 00:18:16,360 --> 00:18:19,360 headsets are not meant to be like a Bluetooth connected thing 336 00:18:19,360 --> 00:18:22,880 that well cuz I've tried this headset before for calls. 337 00:18:22,880 --> 00:18:26,600 It's the worst though. It cost an arm, but they're not 338 00:18:26,600 --> 00:18:29,640 bad anyways. Yeah, see we got stout Connor in 339 00:18:29,640 --> 00:18:30,960 there saying way better everybody. 340 00:18:30,960 --> 00:18:32,640 Sorry y'all we're back. We're still back. 341 00:18:32,640 --> 00:18:34,480 I'm going to post it back. I also have to post the 342 00:18:34,480 --> 00:18:38,720 broadcast link on our on our on their account and everything. 343 00:18:38,720 --> 00:18:40,600 So where's back? We're here, Mando. 344 00:18:40,600 --> 00:18:44,840 What was this size Chad? We got size watching the video 345 00:18:44,840 --> 00:18:48,800 broad guy saying, yeah, Mando, your mic was shit, yo. 346 00:18:48,840 --> 00:18:50,280 Peter Size, Chad. Yeah. 347 00:18:50,280 --> 00:18:53,160 Yo, why don't you come on? Why don't you come on the stream 348 00:18:53,160 --> 00:18:54,520 with us? Why don't we? 349 00:18:54,520 --> 00:18:56,200 Why don't we? Why don't we tell side chat to 350 00:18:56,200 --> 00:18:58,680 join us on this stream? I'm sending. 351 00:18:58,680 --> 00:19:01,440 I'm sending him the link. I just sent him the stream yard 352 00:19:01,440 --> 00:19:03,960 link over here if he wants to join us on video. 353 00:19:03,960 --> 00:19:06,240 Amanda, what was his inflation number this morning? 354 00:19:06,240 --> 00:19:07,240 Is that something we should care about? 355 00:19:07,240 --> 00:19:08,680 And did that have anything to do with the market? 356 00:19:09,880 --> 00:19:11,920 Yeah, that was the 2nd inflation figure of the week. 357 00:19:11,920 --> 00:19:17,840 So that was PPI that came out and PPI is producing by some 358 00:19:17,960 --> 00:19:20,400 slight inflation. It just came in slightly higher 359 00:19:20,400 --> 00:19:23,760 than expected. So I mean, no one really was 360 00:19:23,760 --> 00:19:27,040 expecting now a March rate cut. I think there's only 8% chance 361 00:19:27,040 --> 00:19:28,320 that we'd have a rate cut in March. 362 00:19:28,720 --> 00:19:31,560 It now seems like that's going to be pushed out for sure until 363 00:19:31,560 --> 00:19:36,080 later in the year, probably May. These aren't like massive beats, 364 00:19:36,080 --> 00:19:38,480 but they're beats that show that inflation is a little bit more 365 00:19:38,480 --> 00:19:42,960 persistent than expected. So well, I mean, it's still 366 00:19:43,760 --> 00:19:46,280 producer price inflation was actually higher, but but 367 00:19:46,280 --> 00:19:48,400 consumer price inflation has still been falling. 368 00:19:48,400 --> 00:19:52,600 It just fell less than expected but it's not this isn't terminal 369 00:19:52,600 --> 00:19:57,400 like we're we're talking about at the margin you know so the 370 00:19:57,400 --> 00:19:58,680 market I don't think will be that bad. 371 00:19:59,920 --> 00:20:00,760 OK. OK. 372 00:20:00,760 --> 00:20:04,080 That's good. Just checking in on that and to 373 00:20:04,120 --> 00:20:05,680 see how we're on that front anyway. 374 00:20:05,680 --> 00:20:08,120 So on the NFT front, I mean I may as well, I may as well just 375 00:20:08,120 --> 00:20:10,560 give a breakdown on the NFT side because we haven't been able to 376 00:20:10,560 --> 00:20:12,280 much this week. It was really heavily market 377 00:20:12,280 --> 00:20:15,160 related and usually when the markets move across all chains, 378 00:20:15,360 --> 00:20:18,440 NFTS tend to cool down. One thing that I found 379 00:20:18,440 --> 00:20:20,800 interesting and actually like we could talk about that but. 380 00:20:21,160 --> 00:20:23,440 That was I I. It happened late last night I 381 00:20:23,440 --> 00:20:27,240 saw this morning but the son, one of the one of the children 382 00:20:27,240 --> 00:20:30,000 of the richest man in the world, Alex Song. 383 00:20:30,000 --> 00:20:32,440 I don't know. So Bernard's son who is the CEO 384 00:20:32,440 --> 00:20:37,320 of Tiffany I believe is the CEO of Tiffany is listed. 385 00:20:38,240 --> 00:20:42,440 Did you see this tweet man though he yeah I know, I know, 386 00:20:42,440 --> 00:20:44,640 he posted. He posted. 387 00:20:45,560 --> 00:20:48,280 This is a bargain period. And he posted the link to his 388 00:20:48,280 --> 00:20:51,840 Crypto Punk 3167 that is for sale, which is his 3D glasses. 389 00:20:51,840 --> 00:20:54,480 It's a it's a sick punk. For what it's worth, I love this 390 00:20:54,480 --> 00:20:58,040 punk. And it was actually marked two 391 00:20:58,040 --> 00:21:03,160 times above, above the, you know, above the the, the, the, 392 00:21:03,360 --> 00:21:07,800 the real value of it. Above the real value of it. 393 00:21:08,080 --> 00:21:11,640 And then Sergito came in just now actually during the show and 394 00:21:11,640 --> 00:21:13,800 put it a underneath bid. Are you? 395 00:21:13,840 --> 00:21:16,480 Would you buy Alexander Arnold's crypto punk Mando? 396 00:21:16,680 --> 00:21:17,720 I feel like this is something you. 397 00:21:17,720 --> 00:21:18,640 Should do. Why is he selling? 398 00:21:21,200 --> 00:21:23,040 His crypto punk? To me, it's It's less why he's 399 00:21:23,040 --> 00:21:25,560 selling it. It's more why is he posting that 400 00:21:25,560 --> 00:21:31,560 it's a bargain when it's double the four price, But I don't mean 401 00:21:31,560 --> 00:21:33,520 that in a bad way. I I don't want to get in, you 402 00:21:33,520 --> 00:21:34,880 know? Yeah, I'm not trying. 403 00:21:35,040 --> 00:21:38,280 To yeah, it just it doesn't strike me as the son of the of 404 00:21:38,280 --> 00:21:41,000 like the richest man in the world to be doing that, but. 405 00:21:42,000 --> 00:21:43,360 Yeah, I think. I think so. 406 00:21:43,360 --> 00:21:45,360 What I don't understand is, haven't there been like several 407 00:21:45,360 --> 00:21:48,760 partnerships between Yoga Labs and LBMH? 408 00:21:49,240 --> 00:21:54,560 Brands no. So not unofficial right? 409 00:21:54,560 --> 00:21:56,080 Like the crypto parks pending with Tiffany. 410 00:21:56,760 --> 00:21:58,560 So he is ACO Tiffany. So it's actually it was him that 411 00:21:58,560 --> 00:22:00,760 right? But like, so why the hell is he 412 00:22:00,760 --> 00:22:02,600 selling? I don't know, maybe they're 413 00:22:02,600 --> 00:22:05,400 trying to buy the alien that was listed yesterday for 5500 ETH. 414 00:22:05,920 --> 00:22:07,720 Who knows? I mean, it's not like they need 415 00:22:07,720 --> 00:22:09,120 an extra 100 ETH. I mean you're. 416 00:22:09,160 --> 00:22:12,480 I mean, shit, never mind. I mean, how much is LVMH? 417 00:22:12,560 --> 00:22:18,440 What is LVMH? Market cap, €412 billion. 418 00:22:19,240 --> 00:22:22,640 What is Bernard Arnault net worth? 419 00:22:23,680 --> 00:22:26,040 Wow. He's worth $216 billion, though. 420 00:22:27,360 --> 00:22:29,080 Doesn't feel like he needs 200 grand. 421 00:22:29,600 --> 00:22:34,360 Well, that family doesn't. I I I I don't. 422 00:22:35,800 --> 00:22:37,080 I don't know. I I don't know. 423 00:22:37,080 --> 00:22:38,760 I thought it was funny. Like I said, I saw it this 424 00:22:38,760 --> 00:22:40,120 morning and I thought it was so funny. 425 00:22:40,120 --> 00:22:41,520 I'd see it was posted last night late. 426 00:22:42,360 --> 00:22:46,240 But it's he's selling it. So if anybody wants to own 427 00:22:46,680 --> 00:22:52,440 Crypto Punk 3167, formerly, formerly owned by the CEO of, or 428 00:22:52,440 --> 00:22:56,040 currently, shall I say owned by the CEO of Tiffany and Son and 429 00:22:56,040 --> 00:22:59,880 the hair of of of of the biggest, one of the biggest 430 00:22:59,880 --> 00:23:03,400 companies on earth, you have a bargain happening here. 431 00:23:03,440 --> 00:23:05,480 And I'm not getting it cut out of the sale, so I'm just putting 432 00:23:05,480 --> 00:23:07,480 it out there. You get Do you get the Tiffany 433 00:23:07,480 --> 00:23:11,320 chain or? Dude, because he, you know what? 434 00:23:11,760 --> 00:23:14,560 See that would have been see see, you see see that's actually 435 00:23:14,560 --> 00:23:17,280 not stick to that. The first chain was made for him 436 00:23:17,280 --> 00:23:19,240 because he did it for himself first to showcase it. 437 00:23:19,240 --> 00:23:22,560 I remember the marketing of it and so imagine if he would have 438 00:23:22,560 --> 00:23:24,120 posted that. It's actually a thing where like 439 00:23:24,120 --> 00:23:28,000 the punk comes, the first chain made see now that now we're 440 00:23:28,000 --> 00:23:31,160 talking for for, for that extra. Because I know for a fact on 441 00:23:31,160 --> 00:23:34,360 that punk OTC and and OTC. A lot of punks have been going 442 00:23:34,360 --> 00:23:37,400 with a premium for the chain because it it ended up paying 443 00:23:37,400 --> 00:23:40,160 that a lot of people like them. And so some people are like they 444 00:23:40,160 --> 00:23:42,080 want to pay the extra. Some people think it's stupid to 445 00:23:42,080 --> 00:23:44,880 pay extra for it, which like, I get it, but some people like it 446 00:23:45,320 --> 00:23:47,400 and they're like purposely shopping with punks with chains. 447 00:23:47,400 --> 00:23:49,840 So hey, you never know. Maybe it's the case, maybe it's 448 00:23:49,840 --> 00:23:51,920 not. So I thought that was funny to 449 00:23:51,920 --> 00:23:55,240 see this morning and and to share that in other news, you 450 00:23:55,240 --> 00:23:57,160 know, just punk's still selling pretty well. 451 00:23:57,160 --> 00:23:59,400 There was also like some nice sales on it and when it comes to 452 00:23:59,400 --> 00:24:02,120 like some board apes another hoodie punk it's one wallet 453 00:24:02,720 --> 00:24:07,400 lowered up a bunch of ace bought a sick pipe hoodie punk and 454 00:24:07,880 --> 00:24:10,560 which is I don't know if it's not showing on the tops here but 455 00:24:10,560 --> 00:24:14,320 I'm pretty sure it's sold yesterday forgot where it's this 456 00:24:14,320 --> 00:24:17,560 one I wanna put a bid on it sorry for for this one for 2:20 457 00:24:18,280 --> 00:24:21,480 and then besides that you know just it was a lot of movement on 458 00:24:21,480 --> 00:24:26,120 Bitcoin side it was Bitcoin D gods saw a huge rise which oh 459 00:24:26,120 --> 00:24:30,280 it's not being indexed on here but the Bitcoin D gods saw and 460 00:24:30,320 --> 00:24:34,800 rise to oh never mind may it's not but I saw them here 461 00:24:34,800 --> 00:24:37,760 yesterday all the way to half a Bitcoin yesterday the. 462 00:24:38,040 --> 00:24:39,840 Trades may have happened more than 24 hours ago. 463 00:24:39,840 --> 00:24:41,400 That's. Yeah, that's why. 464 00:24:41,520 --> 00:24:43,000 That's why it's probably what happened. 465 00:24:43,000 --> 00:24:47,040 So the Bitcoin D gods saw a huge rise in floor price. 466 00:24:47,640 --> 00:24:49,880 I heard Frank on his face last night, yada yada yada. 467 00:24:49,880 --> 00:24:52,840 So that's a .55 Bitcoin. So that's quite a lot of money. 468 00:24:53,640 --> 00:24:57,920 So there's that RSIC saw rise 2 on the back of the boosting that 469 00:24:57,920 --> 00:24:59,320 started. So you could you know either in 470 00:24:59,320 --> 00:25:01,360 scrub you're on FT like I said the other day or you could I 471 00:25:01,360 --> 00:25:03,160 found out Mando. That is, if you're too lazy to 472 00:25:03,160 --> 00:25:04,960 describe. If the fees are high, you could 473 00:25:04,960 --> 00:25:08,080 have just gone and like bought a floor like RSAC boosted 474 00:25:08,280 --> 00:25:12,760 inscription and it would boost your wallet so like it came out 475 00:25:12,760 --> 00:25:14,760 cheaper. Sometimes to do that instead of 476 00:25:14,760 --> 00:25:16,600 like the other way around and describing everything because 477 00:25:16,600 --> 00:25:19,160 the cost of that. So that came out to around $200. 478 00:25:19,360 --> 00:25:23,960 Quantum cats saw bounce above .16 back to .2, the puppets 479 00:25:24,200 --> 00:25:30,160 going lower, actually grinding lower now under .06 and OMB .8 480 00:25:30,680 --> 00:25:32,920 Bitcoin. So that's again a lot of the 481 00:25:32,920 --> 00:25:36,880 attention is on there on Solana, Solana, of course Matt Lazant 482 00:25:36,880 --> 00:25:39,240 and Sorans have been grinding higher based on the fact that 483 00:25:39,240 --> 00:25:40,360 you know they keep on getting those. 484 00:25:40,400 --> 00:25:42,960 It's really part of that the the, the meta of like the 485 00:25:43,360 --> 00:25:46,040 ecosystem airdrops happening on there. 486 00:25:46,280 --> 00:25:47,640 Quick shout out to. They're talking about the 487 00:25:47,640 --> 00:25:50,520 backpack exchange. They're doing mad volume like 30 488 00:25:50,520 --> 00:25:52,840 billion the volumes over the last 24 hours on that, on the 489 00:25:52,840 --> 00:25:55,080 backpack. Huge volume on that front. 490 00:25:55,080 --> 00:25:57,560 It's insane to watch. Congratulations to them again. 491 00:25:57,560 --> 00:25:59,640 Reminder they have they're one of the rare people exchanges 492 00:25:59,640 --> 00:26:02,600 that have the license in Dubai and so they're they're grinding. 493 00:26:02,600 --> 00:26:05,800 So I'm actually a huge fan of Armani and that entire team 494 00:26:05,800 --> 00:26:08,240 personally speaking. But Dogos, I saw something with 495 00:26:08,240 --> 00:26:10,520 Tensorians and then their show now is sponsored by Tensor in 496 00:26:10,520 --> 00:26:12,440 the morning. So something there, I don't 497 00:26:12,440 --> 00:26:13,560 know. But they did this really funny 498 00:26:13,560 --> 00:26:16,840 videos, the nifty Portal crew with like picking an exchange 499 00:26:17,400 --> 00:26:19,680 and putting a hat on. And they put the they put the 500 00:26:19,680 --> 00:26:21,640 tensor HQ hat on I thought was hilarious. 501 00:26:21,840 --> 00:26:23,640 Shout out to them. They're very good with content. 502 00:26:23,640 --> 00:26:26,400 We're fans and we're friends. So on the Solana side that was 503 00:26:26,400 --> 00:26:27,880 like really what I that I picked up on. 504 00:26:27,880 --> 00:26:32,200 And on the East side, the biggest news to me was what 505 00:26:32,200 --> 00:26:35,760 we're actually gonna cover now as I see Steven in the studio 506 00:26:35,760 --> 00:26:38,280 and coming on stage here, some of bring up on the stage here 507 00:26:38,280 --> 00:26:42,960 was really, I know it's not yoga directly or board ape directly, 508 00:26:42,960 --> 00:26:48,720 but it was the news that ape chain is going to happen and be 509 00:26:48,720 --> 00:26:53,520 launched on the best L2IN existence. 510 00:26:53,760 --> 00:26:58,680 There is only one Arbitrum and we are joined by the Co founder 511 00:26:58,920 --> 00:27:02,280 of Off Chain Labs, Steven Goldfetter. 512 00:27:02,400 --> 00:27:03,600 What's up Steven? Good morning. 513 00:27:03,600 --> 00:27:05,360 How you doing? Hey, good morning. 514 00:27:05,360 --> 00:27:08,560 Great to be here. Yes, super exciting week and 515 00:27:09,040 --> 00:27:11,240 super excited to be here and talk about it. 516 00:27:11,240 --> 00:27:14,120 And by the way, before we get into this week's announcement, 517 00:27:14,120 --> 00:27:17,160 obviously I just wanted to give a shout out to arbiter and rug 518 00:27:17,160 --> 00:27:20,280 radio which had you know their partnership announced a couple 519 00:27:20,280 --> 00:27:22,760 months ago or weeks, I don't know all the time, just sort of 520 00:27:22,760 --> 00:27:26,760 blends together. But the point is I was not on 521 00:27:26,760 --> 00:27:29,720 here to give that shout out. So I just wanted to lead off of 522 00:27:29,720 --> 00:27:31,800 that. I appreciate that. 523 00:27:31,800 --> 00:27:34,560 I I appreciate that. You know, it's it's really fun. 524 00:27:34,560 --> 00:27:36,360 I love to see that. You know, we had this beautiful, 525 00:27:36,360 --> 00:27:38,680 you know, oh, that was so nice when it came out on stage. 526 00:27:38,680 --> 00:27:43,480 I'll never forget it was during the Art Basel event and and Sam 527 00:27:44,120 --> 00:27:47,440 from, you know, your CMO, you know, flew down just for that 528 00:27:47,440 --> 00:27:50,320 one night to spend it with us for the announcement so big. 529 00:27:50,320 --> 00:27:52,440 Shout out, of course we got to. Be there dude. 530 00:27:52,440 --> 00:27:54,120 It was fun. We're excited to build with you 531 00:27:54,120 --> 00:27:56,720 guys. You know, obviously we have good 532 00:27:56,720 --> 00:27:58,560 friends building with you guys, including zai. 533 00:27:58,560 --> 00:28:01,560 So a quick shout out to you know, Sobi and and Sobi and Toby 534 00:28:02,000 --> 00:28:05,240 over there at zai. They're cooking you know first 535 00:28:05,240 --> 00:28:08,240 layer of three over there. So you guys have a lot going on 536 00:28:08,240 --> 00:28:10,320 right now ironically actually yesterday we had our first 537 00:28:10,320 --> 00:28:14,440 activation with our partnership with Gigi and reboot with rock 538 00:28:14,440 --> 00:28:18,160 radio as well where they came on our on our stage on rock radio 539 00:28:18,160 --> 00:28:19,600 we went on theirs to play the game. 540 00:28:19,600 --> 00:28:23,640 So which is also an Arbitrum. So like Arbitrum like you guys 541 00:28:23,640 --> 00:28:27,040 are left right off chain labs you know in Arbitrum it's left 542 00:28:27,040 --> 00:28:29,400 right run and center of of of the attention right now. 543 00:28:29,760 --> 00:28:31,800 But the big news really was with eight chain yesterday. 544 00:28:31,800 --> 00:28:33,960 Do you want to do you want to kind of like maybe start with an 545 00:28:33,960 --> 00:28:36,920 intro here Steven and then we can get into like what why this 546 00:28:36,920 --> 00:28:39,240 is important for theorem because it was really on your your tweet 547 00:28:39,240 --> 00:28:41,560 that I picked up there. Yeah, absolutely. 548 00:28:41,560 --> 00:28:44,760 So this actually goes back a really long time. 549 00:28:44,760 --> 00:28:47,880 If you remember when you got to the other side launch, I don't 550 00:28:47,880 --> 00:28:50,760 know was that 2021 again, time is this is just all blended 551 00:28:50,760 --> 00:28:52,360 together. I've been in this in this space 552 00:28:52,360 --> 00:28:54,640 for over a decade now. So who knows sometime in a 553 00:28:54,640 --> 00:28:57,960 couple years ago and basically broke Ethereum for for the day 554 00:28:57,960 --> 00:29:00,680 and you know you got put out a tweet maybe that night or the 555 00:29:00,680 --> 00:29:03,520 next day like hey we need to like scaling solution. 556 00:29:03,520 --> 00:29:07,240 You know we basically need a chain and that led to like 557 00:29:07,240 --> 00:29:10,480 intense conversations in public behind closed doors. 558 00:29:10,520 --> 00:29:13,400 Everyone was vying for this and that includes like the theorem 559 00:29:13,400 --> 00:29:16,000 scaling solutions that were around at the time that includes 560 00:29:16,000 --> 00:29:18,280 all the all Tel ones. Everyone wanted to be the chain 561 00:29:18,280 --> 00:29:22,600 where Yugo launches games and Fast forward a couple years. 562 00:29:22,600 --> 00:29:25,520 There's obviously there's eight eight coin Dow now, which is the 563 00:29:25,600 --> 00:29:27,800 Dow that is associated with the apes. 564 00:29:27,800 --> 00:29:31,920 And I think the recent there again there were private 565 00:29:31,920 --> 00:29:33,960 conversations going on for a long time and I can tell you 566 00:29:33,960 --> 00:29:36,520 we've been part of those and just trying to understand you 567 00:29:36,520 --> 00:29:38,080 know what the plans are for the ecosystem. 568 00:29:38,400 --> 00:29:41,920 But really recently, a couple months ago Polygon put out this 569 00:29:41,920 --> 00:29:45,360 proposal out on the eighth coin Dow that started the initial 570 00:29:45,360 --> 00:29:48,480 conversation said hey, you know they put us this proposal out 571 00:29:48,480 --> 00:29:51,520 there build on Polygon and that you know of course let everyone 572 00:29:51,520 --> 00:29:53,440 say OK, they're going to make a decision. 573 00:29:53,440 --> 00:29:56,040 Now there's a forcing function. So Arbitron followed on with the 574 00:29:56,040 --> 00:29:58,120 proposal. So did others optimism decay 575 00:29:58,120 --> 00:30:01,040 sync and it started off a little bit chaotic because you have 576 00:30:01,040 --> 00:30:03,320 like these different proposals. There was no like glue 577 00:30:03,320 --> 00:30:05,640 connecting them. And actually on the Polygon one 578 00:30:05,640 --> 00:30:08,720 went up for a vote and then it didn't pass and then like the 579 00:30:08,720 --> 00:30:11,240 thought was OK, I guess the next one goes up for a vote now. 580 00:30:11,240 --> 00:30:14,080 And then finally the I think the special counsel's like, you know 581 00:30:14,080 --> 00:30:16,080 what, we're going to actually run a process here. 582 00:30:16,080 --> 00:30:18,600 They had a like request for proposal said OK, anyone who 583 00:30:18,600 --> 00:30:21,040 wants to get a proposal and can get one in now you ready to 584 00:30:21,040 --> 00:30:22,880 propose, that's fine. And we're going to do like one 585 00:30:22,920 --> 00:30:25,320 process as opposed to like otherwise kind of weird. 586 00:30:25,320 --> 00:30:27,320 It's like if they win, it's over, otherwise it goes to the 587 00:30:27,320 --> 00:30:29,320 next one. Kind of like it's like weird 588 00:30:29,320 --> 00:30:35,560 relay relay race type thing. But so they did this, this, this 589 00:30:35,680 --> 00:30:38,960 vote basically. And it was two weeks of actual 590 00:30:38,960 --> 00:30:43,760 voting, but you know, months of preparation for it and this was 591 00:30:43,760 --> 00:30:46,920 what I guess you're showing now on the screen and. 592 00:30:46,920 --> 00:30:48,360 This is what this. One, right? 593 00:30:48,800 --> 00:30:51,160 Actually, so this first one is, is they had a vote that said 594 00:30:51,160 --> 00:30:54,600 should we build a chain, Like forget about the technology 595 00:30:54,600 --> 00:30:57,600 provider provider, should we build a chain that was one where 596 00:30:57,600 --> 00:30:59,600 just about everyone could unite and say yes, you should build a 597 00:30:59,640 --> 00:31:01,200 chain. And then there was another one 598 00:31:01,200 --> 00:31:03,240 which actually started a little before that There's like select 599 00:31:04,040 --> 00:31:07,920 the provider for for the H chain community and that's the one 600 00:31:07,920 --> 00:31:11,440 where there were four different opportunities and they were 601 00:31:11,440 --> 00:31:14,080 actually all Ethereum based. So when I said I started off and 602 00:31:14,080 --> 00:31:17,680 said couple years ago everyone was buying Ethereum one from day 603 00:31:17,680 --> 00:31:19,880 one because everyone that they were considering was Ethereum 604 00:31:19,880 --> 00:31:23,680 base which is like huge shout out to to the holy doubt 605 00:31:23,680 --> 00:31:26,560 community for being Ethereum aligned, being super excited 606 00:31:26,560 --> 00:31:29,240 about Ethereum and and basically saying hey you know we'll 607 00:31:29,240 --> 00:31:30,760 consider Ethereum skinning solutions. 608 00:31:30,760 --> 00:31:35,480 But Arbitrum was one of the four different proposals there and 609 00:31:36,120 --> 00:31:39,000 the community came out, the community came out in force and 610 00:31:39,000 --> 00:31:42,040 Arbitrum had a a decisive victory there and that's when 611 00:31:42,040 --> 00:31:43,680 the fun starts. Now we get to build. 612 00:31:45,440 --> 00:31:51,560 I like that decisive victory you know we you love to see that I I 613 00:31:51,640 --> 00:31:54,640 you know this this type of stuff really excites me given that you 614 00:31:54,640 --> 00:31:57,160 know feels like we made the right decision on our end. 615 00:31:57,160 --> 00:31:59,760 But I think I think this is a big deal and I I want to bring 616 00:31:59,760 --> 00:32:01,840 back the tweet that you just mentioned that I'm sharing on 617 00:32:01,840 --> 00:32:04,280 screen here and and and just a reminder for everybody we are 618 00:32:04,280 --> 00:32:07,480 live on on video and audio and Steven join us on video so you 619 00:32:07,480 --> 00:32:09,480 can find our our stream. I think I posted it Sims. 620 00:32:09,480 --> 00:32:12,400 If I didn't post, I'm sorry Sims or our producer in studio I'll 621 00:32:12,400 --> 00:32:15,600 get it done right now. But you said understated in the 622 00:32:15,600 --> 00:32:18,000 ape chain news. This is a big win for theorem. 623 00:32:18,000 --> 00:32:19,840 Every proposal in the recent vote was a theorem based. 624 00:32:19,840 --> 00:32:22,320 We already knew a theorem would win but a few years back the 625 00:32:22,320 --> 00:32:24,280 Alton ones were vying for ape chain. 626 00:32:24,280 --> 00:32:27,400 Glad that ape coin has doubled down on a theorem. 627 00:32:27,400 --> 00:32:30,440 And one thing I really like about I guess you in general 628 00:32:30,440 --> 00:32:33,920 Steven, is you you often you know a lot of the conversation 629 00:32:33,920 --> 00:32:36,840 right now on the space like oh L twos are taking all this energy 630 00:32:36,840 --> 00:32:39,280 away from Ethereum. L threes all this and that and 631 00:32:39,280 --> 00:32:40,640 like everything's ticking away from here. 632 00:32:41,160 --> 00:32:43,680 But you seem to always bring it back to theorem the 633 00:32:43,680 --> 00:32:47,400 conversation, and you seem to think that this actually just 634 00:32:47,400 --> 00:32:48,600 adds value to theorem as a whole. 635 00:32:48,600 --> 00:32:51,920 So can I ask you like to explain that for people so they can 636 00:32:51,920 --> 00:32:55,160 understand like from your perspective how you see it? 637 00:32:55,760 --> 00:32:58,080 Definitely. The reason we're here and the 638 00:32:58,080 --> 00:33:01,120 reason we started this years ago and the reason though that's 639 00:33:01,160 --> 00:33:03,640 renewed we're here today is to scale Ethereum because we 640 00:33:03,640 --> 00:33:06,840 believe, I believe we at Off Chain Labs believe I think we, 641 00:33:06,840 --> 00:33:09,760 many of us in the community believe that Ethereum is the 642 00:33:09,960 --> 00:33:13,280 best from a security and decentralization perspective, 643 00:33:13,280 --> 00:33:15,600 the best smart contract platform. 644 00:33:15,880 --> 00:33:18,520 But it also needs to scale right because you can like sit in your 645 00:33:18,520 --> 00:33:21,440 ivory tower and say this is the best, but if people can't use it 646 00:33:21,440 --> 00:33:23,360 because it's too expensive, doesn't have enough bandwidth, 647 00:33:23,360 --> 00:33:26,720 then it doesn't work. And so the question we set out 648 00:33:26,800 --> 00:33:31,000 to set out to decide here to to figure out years ago was can we 649 00:33:31,120 --> 00:33:33,400 scale Ethereum without compromising on these core 650 00:33:33,400 --> 00:33:35,720 principles. And the decisively, yes. 651 00:33:35,760 --> 00:33:38,520 And if you look actually back, it's not just me. 652 00:33:38,520 --> 00:33:41,800 If you go back to 2021, Vitalik had this blog, blog post which 653 00:33:41,840 --> 00:33:45,640 which was the roll up centric road map for Ethereum. 654 00:33:45,640 --> 00:33:48,360 So we're very aligned there. Vitalik had now one perspective 655 00:33:48,360 --> 00:33:52,840 of hey we're going to build Ethereum into a chain of chains 656 00:33:52,840 --> 00:33:56,160 if you will chain that supports roll ups and that's how we scale 657 00:33:56,320 --> 00:33:58,120 and Arbitron was one of the only ones back then. 658 00:33:58,120 --> 00:33:59,720 Now there's a ton of others which is great. 659 00:34:00,560 --> 00:34:02,880 That said, OK, we're going to take this Mantle and actually 660 00:34:02,880 --> 00:34:04,520 build that roll up centric road map. 661 00:34:04,600 --> 00:34:06,040 We're going to be that role of centric road map. 662 00:34:06,040 --> 00:34:07,360 We're going to be part of Etherium. 663 00:34:07,360 --> 00:34:10,760 But to forget that now would be silly where you know, Arbitrum 664 00:34:10,760 --> 00:34:12,760 is extremely successful. And it's true if you look at the 665 00:34:12,760 --> 00:34:15,159 like the leaderboards and forget that Arbitrary is an L2, you 666 00:34:15,159 --> 00:34:17,239 could say, OK, it's like the number 2 blockchain or the 667 00:34:17,239 --> 00:34:19,960 number 3 blockchain in some metrics like it can stand in its 668 00:34:19,960 --> 00:34:21,679 own right, but but that's not the point here. 669 00:34:21,679 --> 00:34:24,120 The point here is we're bringing the security and 670 00:34:24,120 --> 00:34:26,600 decentralization of Etherium. We'll bring it to mass market or 671 00:34:26,600 --> 00:34:29,000 bring it to users at a price point that they can afford. 672 00:34:29,320 --> 00:34:33,040 And to be honest, I think a lot of this like L2L3, Etherium is 673 00:34:33,040 --> 00:34:34,679 not. It's like all like pushed by 674 00:34:34,880 --> 00:34:36,280 those that have an agenda to push it. 675 00:34:36,280 --> 00:34:38,880 So, you know, I'm not going to name names specifically like 676 00:34:38,880 --> 00:34:41,000 Waltel ones. You you can fill in the blanks. 677 00:34:41,920 --> 00:34:45,199 The Altale ones are basically, you know, have an agenda to try 678 00:34:45,199 --> 00:34:47,400 to, you know, split here and say, oh, this is not Ethereum. 679 00:34:47,679 --> 00:34:50,120 We're better than Ethereum. These are just other things. 680 00:34:50,120 --> 00:34:52,159 They're parasitic. You know, some of them even go 681 00:34:52,159 --> 00:34:55,080 ahead and say, like, oh, we, we are more Ethereum aligned than 682 00:34:55,080 --> 00:34:56,199 you. It's like, dude, what? 683 00:34:56,480 --> 00:34:57,720 Like, what? What are you even saying? 684 00:34:58,600 --> 00:35:00,360 And then they point to things that they're like, well, you 685 00:35:00,360 --> 00:35:03,000 have your own token. I say go back and read Vitalic's 686 00:35:03,000 --> 00:35:05,720 2021 blog post. He said one of the benefits is 687 00:35:05,720 --> 00:35:07,520 that that each one can have their own token. 688 00:35:07,520 --> 00:35:09,320 And they're like, oh, you guys fight all the time. 689 00:35:09,320 --> 00:35:11,520 It's like, yeah, we fight time because Etherium is a community 690 00:35:11,520 --> 00:35:14,040 that a lot of people care about and there are lots of opinions. 691 00:35:14,040 --> 00:35:15,520 Probably the art from Dow is the same way. 692 00:35:15,520 --> 00:35:17,640 Any time you have a real community that's not monolithic, 693 00:35:18,080 --> 00:35:19,720 there's gonna be fighting. I'm gonna look at world 694 00:35:19,720 --> 00:35:22,160 governments like people care, People are passionate, people 695 00:35:22,160 --> 00:35:24,000 have different opinions, and that's what makes the world go 696 00:35:24,000 --> 00:35:26,200 around. And if everyone agrees and 697 00:35:26,400 --> 00:35:28,960 there's no discord, probably no one cares. 698 00:35:30,120 --> 00:35:32,680 So you know, it's a little bit like spicy, I guess. 699 00:35:32,680 --> 00:35:35,040 But we are here to scale Ethereum. 700 00:35:35,240 --> 00:35:37,680 We are built on Ethereum. The ones trying to drive the 701 00:35:37,680 --> 00:35:40,400 wedge are the ones that are afraid to compete with this 702 00:35:40,760 --> 00:35:42,640 powerhouse or Ethereum plus L twos. 703 00:35:42,800 --> 00:35:44,880 But that's what that's what we are and that's what we're here 704 00:35:44,880 --> 00:35:46,640 for. Wow. 705 00:35:49,200 --> 00:35:53,120 I'm I'm about the Max long theorem right now these I've 706 00:35:53,400 --> 00:35:58,880 I've this guy's got me fired up this morning I love that and and 707 00:35:58,880 --> 00:36:01,240 I and I no I think you're right and and I think it's it's 708 00:36:01,240 --> 00:36:03,960 important for some for people to hear it from from you because 709 00:36:03,960 --> 00:36:07,080 you know there's only so much we can explain and and people have 710 00:36:07,080 --> 00:36:09,320 to you know understand that like all the L twos actually add a 711 00:36:09,320 --> 00:36:11,920 lot of value to that. So just to go back to the APE 712 00:36:11,920 --> 00:36:14,320 chain and everything, because that's really what we wanted to 713 00:36:14,320 --> 00:36:16,360 cover today because we think it's like a really big deal for 714 00:36:16,360 --> 00:36:18,280 gaming in general. And of course you guys have a 715 00:36:18,280 --> 00:36:20,600 massive gaming ecosystem on Arbitrum. 716 00:36:21,400 --> 00:36:24,000 What, what happens now with APE chain, like what does it mean 717 00:36:24,000 --> 00:36:27,000 for for for the board of Yacht Club and in general. 718 00:36:27,720 --> 00:36:31,320 So one of the coolest things of the night was after the vote was 719 00:36:31,320 --> 00:36:34,760 over, Yuga Labs put out a tweet which said basically we're 720 00:36:34,760 --> 00:36:38,320 really excited to, among others, to see what we can build a name 721 00:36:38,320 --> 00:36:40,520 chain and sort of everyone that was always like in like the 722 00:36:40,520 --> 00:36:42,400 background. Everyone kind of assumed that 723 00:36:42,400 --> 00:36:44,840 and went unspoken. But to hear hear them, yeah, 724 00:36:44,840 --> 00:36:45,680 there it is. That one. 725 00:36:47,200 --> 00:36:49,720 That was like a very, very big deal because Yuga has an 726 00:36:49,720 --> 00:36:52,840 incredibly strong ecosystem with incredibly strong IP and they 727 00:36:52,840 --> 00:36:55,200 took, you know, a couple of minutes to lean in and lean in 728 00:36:55,200 --> 00:36:59,160 hard and that's really exciting. So you mentioned, yeah, Arbitrim 729 00:36:59,160 --> 00:37:01,160 has it. It's emerging basically as an 730 00:37:01,200 --> 00:37:03,560 ecosystem of ecosystems and gaming, which is kind of what it 731 00:37:03,560 --> 00:37:05,680 is in D5 too. Like you have like a bunch of 732 00:37:05,680 --> 00:37:08,280 different derivative protocols. You have GMX obviously, which is 733 00:37:08,800 --> 00:37:10,440 just a really strong protocol to others. 734 00:37:10,440 --> 00:37:12,960 And they all sort of compete and work together and lift each 735 00:37:12,960 --> 00:37:14,360 other up. And it's the same thing In 736 00:37:14,360 --> 00:37:16,200 gaming, you have treasure. You have a Zion like you 737 00:37:16,200 --> 00:37:20,800 mentioned, shout out, Toby, and you have other emerging 738 00:37:20,840 --> 00:37:23,000 ecosystems as well. And now you have ape chain, you 739 00:37:23,000 --> 00:37:24,600 know, joining there right up there. 740 00:37:24,600 --> 00:37:28,280 And they're going to have some nice pull and nice advantages. 741 00:37:28,280 --> 00:37:30,920 Obviously the Yuga Connection is going to be huge and they'll 742 00:37:30,920 --> 00:37:33,000 also, I think be able to draw in others. 743 00:37:33,000 --> 00:37:35,160 It's a very, very strong community, a very passionate 744 00:37:35,160 --> 00:37:37,960 community, but it'll also be benefited by the larger 745 00:37:37,960 --> 00:37:39,720 ecosystem and arbitrary. So what happens now? 746 00:37:40,000 --> 00:37:42,880 And now we, we start building, you know, we take a celebratory 747 00:37:42,880 --> 00:37:44,840 pat on the back and then we say, all right, let's get back to 748 00:37:44,840 --> 00:37:47,520 work and we build this. And one of the cool things about 749 00:37:47,520 --> 00:37:49,320 Arbitrim is that you can customize it. 750 00:37:49,320 --> 00:37:51,000 You can take this technology and customize it. 751 00:37:51,000 --> 00:37:52,960 You don't have to take the technology of vanilla and say, 752 00:37:52,960 --> 00:37:55,680 hey, boom, here's a chain use it. 753 00:37:55,680 --> 00:37:57,000 It's just does what every other chain does. 754 00:37:57,000 --> 00:37:58,720 You can say, all right, community, like, what do you 755 00:37:58,720 --> 00:38:00,000 want to do? Do you want to enforce creator 756 00:38:00,000 --> 00:38:01,760 royalties on chain? Do you want to share back some 757 00:38:01,760 --> 00:38:03,600 of the royalties with the, you know, with the creators, with 758 00:38:03,600 --> 00:38:06,160 the community? You can do whatever you want and 759 00:38:06,160 --> 00:38:07,800 and encode that in the rules of the chains. 760 00:38:07,800 --> 00:38:09,680 There's got to be a conversation now with the community. 761 00:38:09,680 --> 00:38:12,000 We're going to put a proposal out like, hey, we think this is 762 00:38:12,000 --> 00:38:15,040 a way where a chain can be pretty unique and we're going to 763 00:38:15,240 --> 00:38:16,400 present some of that to the community. 764 00:38:16,400 --> 00:38:18,360 But I expect the chain to be up and running. 765 00:38:19,160 --> 00:38:22,320 It's the end of Q1 now or the middle of Q1 by by next quarter. 766 00:38:22,360 --> 00:38:24,640 You know, during next quarter, I expect the chain to be up and 767 00:38:24,640 --> 00:38:28,120 running and I think that's a very, very fair and reasonable 768 00:38:28,120 --> 00:38:29,200 timeline. Wow. 769 00:38:29,200 --> 00:38:31,240 OK. This is, this is a nice timeline 770 00:38:31,240 --> 00:38:33,960 like and like mid, mid, next, next quarter is nice. 771 00:38:34,360 --> 00:38:36,160 This is really just. Any reason why that wouldn't 772 00:38:36,160 --> 00:38:38,680 happen? OK, okay. 773 00:38:38,800 --> 00:38:41,000 I like that. I like that and and and just, 774 00:38:41,000 --> 00:38:42,920 you know, I know I don't want to take too much of your time. 775 00:38:42,920 --> 00:38:45,640 Sure you're very busy. Very busy, man. 776 00:38:45,640 --> 00:38:48,360 But like what are what are dude? I mean, I'm glad you. 777 00:38:48,480 --> 00:38:50,600 I'm glad this was really like on a whim by the way. 778 00:38:50,600 --> 00:38:53,960 So at some point like I do need to like you know do a proper 779 00:38:53,960 --> 00:38:56,760 interview with you with the boys you know OV had some issues 780 00:38:56,760 --> 00:39:00,240 etcetera like we wanted the proper one and and background. 781 00:39:00,240 --> 00:39:02,760 So out to Arbitrum they just came on stage and shared this as 782 00:39:02,760 --> 00:39:04,880 well with super last. Just a reminder for everyone, 783 00:39:04,880 --> 00:39:07,000 make sure you retweet the spaces at the bottom right, it's a 784 00:39:07,000 --> 00:39:09,640 purple box you know what to do dropper GM while you're while 785 00:39:09,640 --> 00:39:12,120 you're at it but what do you, what insights are the most right 786 00:39:12,120 --> 00:39:13,880 now given this market. You know, we talk every day 787 00:39:13,880 --> 00:39:17,160 about the market, we talk price, we talk innovation, we talk, you 788 00:39:17,160 --> 00:39:19,920 know, what's coming, what's leaving, whatever, like what do 789 00:39:19,920 --> 00:39:22,080 you, what do you, what is the state of the market for you 790 00:39:22,200 --> 00:39:24,200 broader crypto where are we at right now? 791 00:39:24,760 --> 00:39:26,840 Yeah. So I think market wise one of 792 00:39:26,840 --> 00:39:29,640 the exciting things that I see now is increased interest and 793 00:39:29,640 --> 00:39:32,120 this always happens with market cycles where more and more 794 00:39:32,120 --> 00:39:35,680 people come in and build and and are interested and just you know 795 00:39:35,680 --> 00:39:36,760 people don't forget about crypto. 796 00:39:36,760 --> 00:39:38,920 So the last time the circle expands a little bit and those 797 00:39:38,920 --> 00:39:41,360 people kind of are there and then they'll come back and then 798 00:39:41,360 --> 00:39:44,280 it expands a little bit more. And you know we we build, we 799 00:39:44,280 --> 00:39:46,040 just keep building, we don't care about what the market does, 800 00:39:46,040 --> 00:39:48,760 we keep building. But obviously we like when more 801 00:39:48,760 --> 00:39:51,600 people are are using the technology and we're ready for 802 00:39:51,600 --> 00:39:52,880 that. And we've been building for the 803 00:39:52,880 --> 00:39:55,000 past you know a couple years during the bear market even 804 00:39:55,000 --> 00:39:56,960 though people say hey do we need a layer two scale solutions 805 00:39:56,960 --> 00:39:59,280 anymore prices are cheap, usage is down and we just keep 806 00:39:59,280 --> 00:40:01,080 building saying no, you're going to want this, you're going to 807 00:40:01,080 --> 00:40:03,080 want these features. There's going to come a day and 808 00:40:03,080 --> 00:40:05,280 that day I feel like is increasingly coming and. 809 00:40:05,520 --> 00:40:07,920 But there's more and more interest in in Ethereum as a 810 00:40:07,920 --> 00:40:11,480 whole in doing things on Ethereum from you know industry 811 00:40:12,000 --> 00:40:15,560 like non non web, three companies institutions doing 812 00:40:15,560 --> 00:40:17,800 things on Ethereum in the financial space and the gaming 813 00:40:17,800 --> 00:40:21,280 space and other spaces as well. And so it's sort of the moment 814 00:40:21,280 --> 00:40:23,080 where all that work that we've been building for the past 815 00:40:23,080 --> 00:40:25,920 couple of years is going to be appreciated and we're going to 816 00:40:25,920 --> 00:40:29,360 see prices and gas prices likely go up in the next couple of 817 00:40:29,360 --> 00:40:31,400 months would be my guest. And we're going to see more and 818 00:40:31,400 --> 00:40:34,160 more of a need for for for arbitrary and scaling solutions 819 00:40:34,160 --> 00:40:35,840 generally. And we're going to see people 820 00:40:35,840 --> 00:40:37,920 benefiting from the other features we've been building 821 00:40:37,920 --> 00:40:40,120 quietly for the past few years like Arbiter, Stylus, which is 822 00:40:40,120 --> 00:40:42,280 set to come live this year on main and it's already on test. 823 00:40:42,280 --> 00:40:45,520 That which will allow industry developers to build in other 824 00:40:45,520 --> 00:40:49,040 languages like Rust and C and C++ on these chains. 825 00:40:49,040 --> 00:40:50,920 All these things that have been building in private building 826 00:40:50,920 --> 00:40:54,120 during the during the beer as more users come on. 827 00:40:54,120 --> 00:40:57,160 It's super exciting for us to have a larger audience and we're 828 00:40:57,160 --> 00:40:58,160 ready. You know, we've been building 829 00:40:58,160 --> 00:41:00,120 because we said, hey, we know there's going to be more demand 830 00:41:00,480 --> 00:41:03,160 and we need to scale now because the last thing you want is to 831 00:41:03,160 --> 00:41:04,720 wait. And then the demand comes like, 832 00:41:04,720 --> 00:41:06,600 hey, where have you been? Like, hey, you guys told us to 833 00:41:06,600 --> 00:41:08,840 go away. No, no, no, We know what we need 834 00:41:08,840 --> 00:41:10,520 to be here. We've been building, we've been 835 00:41:10,520 --> 00:41:13,240 ready and we're excited for a new surge of users and new use 836 00:41:13,240 --> 00:41:14,880 cases. And gaming by the way is like 837 00:41:15,560 --> 00:41:18,920 just emerging and I was just like exploding on Arbitrum and 838 00:41:19,280 --> 00:41:21,600 you know people would say one of the complaints we've got 839 00:41:21,600 --> 00:41:23,600 sometimes like hey you don't guys don't give enough focus to 840 00:41:23,600 --> 00:41:25,440 gaming. I think you know we're we're, 841 00:41:25,760 --> 00:41:27,880 it's just that the industry's a little bit younger, but 842 00:41:27,880 --> 00:41:30,600 hopefully we've demonstrated that we care a ton about gaming 843 00:41:30,600 --> 00:41:34,600 and actually hear some alpha. So there was the Arbitrum, there 844 00:41:34,600 --> 00:41:37,280 was the Arbitrum Odyssey a couple of the years, a year or 845 00:41:37,280 --> 00:41:39,200 so back which was like really popular. 846 00:41:39,480 --> 00:41:42,360 The next one is coming live in a couple weeks and it's only about 847 00:41:42,360 --> 00:41:47,320 gaming, so we are super, super pumped for for this next era. 848 00:41:47,720 --> 00:41:49,760 OK, this is big. We got some alpha here. 849 00:41:49,840 --> 00:41:51,560 Y'all heard that. Y'all heard that we we 850 00:41:51,560 --> 00:41:55,240 definitely we we definitely got some some alpha here and I love 851 00:41:55,240 --> 00:41:56,920 that. What are what are some of the of 852 00:41:56,920 --> 00:41:59,360 the things you're most excited about when it comes to that 853 00:41:59,440 --> 00:42:02,480 right like on the on the arbitrary eco that are like more 854 00:42:02,480 --> 00:42:03,560 imminent. Is there anything that people 855 00:42:03,560 --> 00:42:04,840 should be paying attention to right now? 856 00:42:05,880 --> 00:42:08,680 Yeah, so the the three, the three pillars that I I'm super 857 00:42:08,680 --> 00:42:11,120 excited about an Arbitrum and I think Arbitrum is doing super 858 00:42:11,120 --> 00:42:14,960 well on is D5 of course, right. So let's not forget about that. 859 00:42:14,960 --> 00:42:18,640 Arbitrum is king of D5 and we're trying to expand, but like D5 is 860 00:42:18,640 --> 00:42:21,040 not going anywhere and D5 is strong as ever. 861 00:42:21,040 --> 00:42:22,400 An Arbitrum. You can look at the numbers. 862 00:42:22,400 --> 00:42:25,360 Actually, just yesterday Arbitrum surpassed Robin Hood to 863 00:42:25,360 --> 00:42:28,440 be the number four largest wallet underneath, so that the 864 00:42:28,640 --> 00:42:30,880 number four largest ETH holder is the Arbitron Bridge. 865 00:42:31,960 --> 00:42:34,080 And that's obviously a testament to to. 866 00:42:34,160 --> 00:42:36,640 To. D5, which drives a lot of that. 867 00:42:37,120 --> 00:42:39,160 The second pillar is gaming which is a huge focus and the 868 00:42:39,160 --> 00:42:41,840 third pillar which is a bit like again in the in the woodworks 869 00:42:41,840 --> 00:42:45,160 now, but we're starting to see some coming forth is what they 870 00:42:45,160 --> 00:42:48,520 call RW as do I hate that term. But like we're world athletes 871 00:42:49,320 --> 00:42:51,600 and that's the institutions, the financial institutions, the like 872 00:42:51,600 --> 00:42:53,520 that are coming and tokenizing things on chain. 873 00:42:53,840 --> 00:42:56,040 I would say those are the the three big pillars that's going 874 00:42:56,040 --> 00:42:57,520 to be a little more nascent for some time. 875 00:42:57,520 --> 00:42:59,400 You know, we'll see some come through, like Franklin Templeton 876 00:42:59,400 --> 00:43:02,200 to launch an Arbitrary, which is a big deal, but I think gaming 877 00:43:02,200 --> 00:43:05,400 is having its moment right now. Wow, wow. 878 00:43:05,480 --> 00:43:09,520 Totally agree with that dude that is crazy. 4th largest 879 00:43:09,520 --> 00:43:11,600 holder of ETH. No. 880 00:43:11,640 --> 00:43:12,160 Third. Third. 881 00:43:12,160 --> 00:43:14,880 Now third. Sorry, third. 4th but but the 882 00:43:14,880 --> 00:43:16,560 first two. By the way, #1 is like a staking 883 00:43:16,560 --> 00:43:21,320 contract. #2 is raft ETH number 30. 884 00:43:21,320 --> 00:43:22,320 Those are. Transactions. 885 00:43:22,320 --> 00:43:23,200 Right. These are the transactions. 886 00:43:23,200 --> 00:43:25,480 Yeah, that was Arbitrim, Nova yesterday, which is the gaming 887 00:43:25,480 --> 00:43:27,440 stained. Arbitrim did more transactions 888 00:43:27,440 --> 00:43:29,760 than any other layers do. That was like there's actually 889 00:43:29,760 --> 00:43:32,720 this like a project called Arbius, which is like an AI 890 00:43:32,720 --> 00:43:35,080 project I think, which I think is driving a lot of that, but 891 00:43:35,600 --> 00:43:38,120 that's like Nova taking off. But the other one is if you look 892 00:43:38,120 --> 00:43:42,240 at an Ether scan they have, they have like a list of accounts and 893 00:43:42,840 --> 00:43:46,000 the number one account is like the the staking beacon contract 894 00:43:46,240 --> 00:43:48,560 the number two accounts do. You see that? 895 00:43:48,560 --> 00:43:50,280 What do you see the top accounts on ether scanning let? 896 00:43:50,480 --> 00:43:50,880 Me. Grab that. 897 00:43:50,880 --> 00:43:52,760 Hang on a second. I forgot I always check on D5 898 00:43:52,760 --> 00:43:54,360 llama for everything like that but. 899 00:43:54,800 --> 00:43:57,240 Yeah, but this is like a a particularly interesting stat. 900 00:43:57,520 --> 00:44:01,160 I'm going to drop it here in the chat if I figure out where that 901 00:44:01,160 --> 00:44:01,720 is. There you go. 902 00:44:03,320 --> 00:44:04,440 Let me pick that up. From you. 903 00:44:04,800 --> 00:44:05,400 Oh, yeah. Yeah. 904 00:44:05,400 --> 00:44:05,960 Yeah. OK. 905 00:44:06,040 --> 00:44:08,160 I see, I see, I see, I see. Here you go. 906 00:44:08,720 --> 00:44:10,640 Here you go. Boom bridge. 907 00:44:10,800 --> 00:44:14,240 Crazy bridge. You know #4, right? 908 00:44:14,240 --> 00:44:16,480 So speaking the project contract which is literally the steak 909 00:44:16,480 --> 00:44:19,360 Eve, it's wrapped Eve, it's finance it's Arbitron bridge. 910 00:44:21,160 --> 00:44:25,640 So you know Defy is is exploding on Arbitrum and again the pie is 911 00:44:25,640 --> 00:44:27,760 expanding, Arbitrim is leading in multi and that's what it is. 912 00:44:27,760 --> 00:44:30,480 So it's a general purpose chain and it's exploding. 913 00:44:30,640 --> 00:44:33,680 We have a lot of work to do. We want you know to make sure 914 00:44:33,680 --> 00:44:37,600 that as more and more verticals emerge and they will that you 915 00:44:37,600 --> 00:44:39,040 know Arbitrim is front and center. 916 00:44:39,040 --> 00:44:42,040 But I'm super excited about where the ecosystem is now and 917 00:44:43,080 --> 00:44:46,560 shout out to folks like you who see the, you know who love 918 00:44:46,560 --> 00:44:49,640 Arbitrim and are using it and building on it and that's really 919 00:44:49,640 --> 00:44:50,800 where it drives it all. It's not me. 920 00:44:50,880 --> 00:44:53,400 We can build technology from today to tomorrow all year, and 921 00:44:53,880 --> 00:44:55,440 if people don't use it, it's not gonna go anywhere. 922 00:44:55,440 --> 00:44:58,600 It's really folks like you and the 8 chain community, etc. 923 00:44:58,600 --> 00:45:01,120 That are driving all this awesome adoption. 924 00:45:01,720 --> 00:45:04,120 Let's go. Love to hear that, Mando. 925 00:45:04,480 --> 00:45:07,120 I know, I know I didn't go to you too often, but figured I'd 926 00:45:07,120 --> 00:45:09,560 ask a few questions here. But did you have any last things 927 00:45:09,560 --> 00:45:13,040 you wanna ask Steve before we take off or any? 928 00:45:13,520 --> 00:45:15,280 No. I think it's it's interesting to 929 00:45:15,280 --> 00:45:18,440 see this like obviously I think Origin came up as a defied chain 930 00:45:18,440 --> 00:45:20,760 mainly like that's where a lot of the stuff happened we had the 931 00:45:20,760 --> 00:45:23,640 magic ecosystem but it was really like the bastion of all 932 00:45:23,640 --> 00:45:25,920 the perk decks's and that sort of stuff. 933 00:45:26,680 --> 00:45:33,440 So 8 chain eight coin 8 Dow like it's been a it's been I don't 934 00:45:33,440 --> 00:45:34,760 know I wouldn't say controversial it's been a 935 00:45:34,760 --> 00:45:39,320 difficult difficult thing to to get right and I think I think 936 00:45:39,320 --> 00:45:41,480 you're the right team to have a go at it that's that's what I 937 00:45:41,480 --> 00:45:42,680 think. Thank you. 938 00:45:43,160 --> 00:45:44,800 So you've got a lot, lot of work to do. 939 00:45:44,800 --> 00:45:47,560 I think Horizon as well are a great partner to do alongside. 940 00:45:47,560 --> 00:45:49,320 They're very smart like their team. 941 00:45:49,320 --> 00:45:52,440 So yeah, all the best to you. I'm sure that April will get 942 00:45:52,440 --> 00:45:53,640 behind it. Thank you. 943 00:45:53,640 --> 00:45:55,200 And yeah, shout out to Horizon by the way. 944 00:45:55,200 --> 00:45:57,560 So I'll just tell you one more brief thing which is you know, 945 00:45:57,560 --> 00:46:00,680 because you mentioned it when this whole proposal came out, 946 00:46:00,680 --> 00:46:04,040 you know, I know, you know AJ So AJ and I sat there and talked to 947 00:46:04,040 --> 00:46:06,120 foundation folks. We said you know we want to like 948 00:46:06,360 --> 00:46:08,880 propose here and like we'd love for this to be us, but like we 949 00:46:08,880 --> 00:46:11,320 feel like we're kind of outsiders and again we can build 950 00:46:11,320 --> 00:46:14,000 technology, but like we want to also need the lead growth of the 951 00:46:14,000 --> 00:46:16,000 ecosystem, make sure we're implementing the vision of the 952 00:46:16,000 --> 00:46:18,040 ecosystem. And we were kind of like on the 953 00:46:18,040 --> 00:46:21,600 fence and that's sort of when exactly the partnership with 954 00:46:21,600 --> 00:46:24,200 Horizon came on. Like these guys have been there 955 00:46:24,200 --> 00:46:25,880 from day one. They built some of the initial, 956 00:46:26,840 --> 00:46:30,480 So we build the core technology, they lead growth and and really 957 00:46:30,480 --> 00:46:32,520 lead the community efforts and make sure that these two things 958 00:46:32,520 --> 00:46:34,640 connect. And that's like OK, we're all on 959 00:46:34,640 --> 00:46:36,440 board together. This is going to be a success 960 00:46:36,440 --> 00:46:38,680 and that's why, you know, we were so excited and I'm so 961 00:46:38,680 --> 00:46:40,520 excited to now have the opportunity to build it. 962 00:46:40,920 --> 00:46:42,200 Hell yeah. I remember Speaking of Dean 963 00:46:42,200 --> 00:46:46,240 Steinbeck early on and they even we hosted the first we actually 964 00:46:46,240 --> 00:46:50,160 hosted the first ever Acorn Daos Twitter spaces when the first 965 00:46:50,160 --> 00:46:53,600 council was was put in place with Alexis Ohanian and and 966 00:46:54,240 --> 00:46:55,400 Mario Bajwa. Yeah. 967 00:46:55,400 --> 00:46:59,200 Amy Wu and Dean and it was somebody else. 968 00:46:59,200 --> 00:47:00,600 I forgot it was 1/5. It was yeah. 969 00:47:02,040 --> 00:47:03,880 Yeah. So the five of them. 970 00:47:03,880 --> 00:47:06,640 So I remember that very well and this whole thing taken off and I 971 00:47:06,640 --> 00:47:10,080 think that I think that it being in the hands of professionals 972 00:47:10,080 --> 00:47:12,560 like yourself is fun. But anyway, Steven, I'll hit you 973 00:47:12,560 --> 00:47:15,680 up another time so we can get a background because that AJ can 974 00:47:15,680 --> 00:47:18,800 spend hours talking about you. Okay, let me tell you, I go. 975 00:47:19,000 --> 00:47:24,040 I do have to give a shout out to my boys size Chad, AJ, Sam and 976 00:47:24,040 --> 00:47:28,280 my girl Nina, the foundation. Because those people are always 977 00:47:28,280 --> 00:47:30,920 here to help, always here to generally trying to scale it up. 978 00:47:30,920 --> 00:47:33,320 There's a reason why we've decided with regular and decrypt 979 00:47:36,200 --> 00:47:40,200 to work with you guys. It's not just, it's just in the 980 00:47:40,200 --> 00:47:41,840 whim, right? There was a lot of research that 981 00:47:41,840 --> 00:47:43,680 went behind this and I've heard some great things about you in 982 00:47:43,680 --> 00:47:45,320 your passive Princeton. You know how you've been 983 00:47:45,320 --> 00:47:47,640 thinking about L twos and stuff like that for 10 years now. 984 00:47:47,640 --> 00:47:50,360 So I know you're a big brain, Steven, I can talk with you 985 00:47:50,360 --> 00:47:51,800 more. So thank you so much for coming 986 00:47:51,800 --> 00:47:53,600 in and and good Shabbos actually. 987 00:47:53,920 --> 00:47:55,720 Thank you for having me. Yes, Shabbat Shalom. 988 00:47:56,240 --> 00:47:57,480 All right, man. Have a good one. 989 00:47:57,560 --> 00:47:58,640 Thank you. Ciao. 990 00:47:59,480 --> 00:48:00,480 All right. All right. 991 00:48:00,480 --> 00:48:04,000 Well, looks like looks like OV decided to join the show at 992 00:48:04,000 --> 00:48:08,160 11:23 AM. It's it's a pleasure to have you 993 00:48:08,160 --> 00:48:09,400 OV. Thank you for joining. 994 00:48:09,920 --> 00:48:12,520 Fucking Internet, man. Like move to a new place. 995 00:48:12,520 --> 00:48:16,320 Get the the fastest Internet you can get in this country and it 996 00:48:16,320 --> 00:48:20,520 still plays up like I'm just. And you've had a leak as well. 997 00:48:20,520 --> 00:48:22,080 Which? I had a few. 998 00:48:22,080 --> 00:48:25,240 Solid start this move. A few leaks, yeah. 999 00:48:25,520 --> 00:48:29,200 A few leaks. And well, yeah, in the new 1000 00:48:29,200 --> 00:48:30,600 place. That's horrible. 1001 00:48:30,720 --> 00:48:31,960 That's. But there's some nice jerseys 1002 00:48:31,960 --> 00:48:33,280 behind you. Are you bringing me a size 1003 00:48:33,280 --> 00:48:35,560 large? Yeah, we'll have these in Paris 1004 00:48:35,560 --> 00:48:40,120 for for Web Three FC to. One that web Three FC guys. 1005 00:48:40,360 --> 00:48:42,840 First of all, can they stop doing their events like 50 1006 00:48:42,840 --> 00:48:45,840 minutes away from the conference first and foremost and 2nd? 1007 00:48:46,400 --> 00:48:49,280 Pictures aren't in central Paris or in central CCD's like. 1008 00:48:49,800 --> 00:48:51,000 It's definitely on central Paris. 1009 00:48:51,240 --> 00:48:54,480 And then can they? Can they also other things stop 1010 00:48:54,480 --> 00:48:57,040 doing their events, like the same hours of the conference? 1011 00:48:57,720 --> 00:48:59,560 That would be great, you know, just putting it out there. 1012 00:49:00,760 --> 00:49:03,680 Number one, you will never find a football pitch in the middle 1013 00:49:03,680 --> 00:49:07,400 of a city. Number two, people don't. 1014 00:49:07,520 --> 00:49:09,760 People don't. People don't go to the 1015 00:49:09,760 --> 00:49:12,480 conference usually so. Well, NFT Paris is one of those 1016 00:49:12,480 --> 00:49:15,200 conferences that people go to. Proof is in the pudding. 1017 00:49:15,200 --> 00:49:20,720 You have a bar set up in our booth area and but you, I agree 1018 00:49:20,720 --> 00:49:24,520 with you on a lot of things. I think I I get it. 1019 00:49:24,960 --> 00:49:28,120 It's true. Maybe the right the right pitch 1020 00:49:28,640 --> 00:49:30,320 is true. But maybe I'm maybe I'm meming. 1021 00:49:30,320 --> 00:49:32,680 Maybe I'm exaggerating. I I like the Web 3 football 1022 00:49:32,680 --> 00:49:34,520 guys. I don't want to guys I I don't 1023 00:49:35,120 --> 00:49:36,960 you know maybe I'm meming that it's not that far just because 1024 00:49:36,960 --> 00:49:39,240 last time I was like outside of Brooklyn and everything was 1025 00:49:39,240 --> 00:49:42,280 happening like Manhattan. So that's what happened in in 1026 00:49:42,280 --> 00:49:44,760 New York and I was so bummed. I'm just salty because I 1027 00:49:44,760 --> 00:49:46,840 couldn't play and this time I can't play again because during 1028 00:49:46,840 --> 00:49:48,640 the conference and I have to like work it, work the 1029 00:49:48,640 --> 00:49:50,880 conference. So I'm just salty because I want 1030 00:49:50,880 --> 00:49:53,280 to play. I'm dying to put the rec jersey 1031 00:49:53,280 --> 00:49:56,000 on. It represents the colors OK of 1032 00:49:56,280 --> 00:49:59,480 of of of rec guy. I have my jersey still in the in 1033 00:49:59,480 --> 00:50:01,640 the in the in in my stuff.