Yo-yo, yo, what up? What up?
Good morning, Good morning, GMG. Friday, Friday.
So I'm fixing the title. Friday, October up October
October 4th 2024444 Look at that another beautiful day to have a
beautiful anyway, if I'm not really saying it, this is kind
of nice numbers. It's what?
Oh October is what Which month of the year is the 10th month of
the year right, 10 love yeah 10th mother of the year is
101044104. Is it 10-4 today 10410 four 1040
there he goes 10 four it's 2024. Look at that.
Another beautiful day to have a beautiful day.
Another day in paradise. I got my Co host in the house.
Tyler, good morning. How are you doing today?
Fantastic. It's a green morning.
I feel like it's been a busy morning.
A lot of news coming in. I'm ready for it.
Looks like maybe we'll have a good weekend here.
Yeah, it's definitely a Tyler top 1000 type per day, which is
good because we don't have men though, but also we'll be joined
by by Danny speech phrase in in about 20 minutes.
So so we definitely have time to go over everything you got to
talk about today because you're right, I got hit.
I this morning, I got hit by like a million things.
That's usually when I know that there's a ton going on in space
and usually, you know, time with time with us going higher.
So anyways, today on the show today, today market report, as
usual, we'll go over the market where we're looking at etcetera,
why we're pumping or why we're giving it all back, but
hopefully it keeps going higher. Tylers top 1000.
You have been promoted again to 1000 today, Tyler,
congratulations. Tylers Top 1000.
There's a lot of topics to go over and then we have Danny, my
good, good friends, Danny Suit phrase who is going to join us.
We've been meaning to have an episode where we talk about
state of art, like where we're at and everything of course,
which definitely doing with Roger Dickerman.
Love his updates, but figured that we could coincide.
Daddy come in on the show with his M merch collaboration.
Looks like it's closing, but maybe it may it may have sold
out by now. I haven't checked since
yesterday nearly. But also his sold to be sales
and he's got a lot going on in art, fashion, etcetera.
So I have a good conversation all around, like you know, art,
fashion in crypto, Web 3 and all that good stuff.
Then we're going to give it away.
Another robot spin so you can win anywhere from a red guy
which is about $1500 to a crypto punk.
We have the king of the Punks on today, Tyler.
Oh. We yeah, today, today, maybe the
day today, maybe the day somebody wins the punk.
So that could be crazy. I'll make the robot spin during
the space and I'll try and make it, you know, crazy punk wise.
And then last but and then Danny's giving me one of his
hoodies that he minted. So super cool.
So you get, you know, a hoodie that he minted etcetera, which
is worth like, I don't know, 700 bucks, which is super cool.
And then longest intro in the world.
Hold on, last but not least, you know what I'm about to say right
now. This show is powered by Galaxies
with seamless building up monetization tools, Galaxies
enables the development of sustainable long term
communities, fulfilling bitcoins vision of decentralized freedom
and independence from centralized control.
All right, Tyler Tyler Tyler did it.
All right, let's just dive right into the market in your top 1000
Tyler T on FOMO. Our cause the kid can't.
Great to batch some bears. Yeah, I'll start off with a
quick market report. I do my best Mando impression
here. So a couple of macro headlines
on the good side. So the United States port strike
was temporarily resolved yesterday evening.
They ended up giving a 62% wage increase and the contracts
through January 15th. So that big risk overhang is now
gone. We got some good news this
morning from the jobs report. Lower unemployment,
significantly more jobs added than expected along with higher
average wages. Markets now pricing in less than
the 50 bits cut here for November.
Those odds are down from 40 to 13.
People like Ovie saying soft landing now fully, fully in
possibilities here. Recession fears are gone.
We saw the US dollar jump that used to be bad for crypto.
It wasn't the case this morning. So crypto was pumping, though it
looks like we're giving a little bit of it back here right now.
U.S. stocks opened up pretty nicely as well.
Those are giving a look back some of the gains here this
morning. We've got Bitcoin 61200 Solana
at 1:40. Oh yeah, we just heart dump as
you opened. Your we're down a little bit
there alts having a good morning though as well.
A lot of I saw a lot of alts up 10%.
Tia Tau Ave. was up 5% on the grayscale news.
Memes are having a good morning after this news as well.
All the meme leaders up five to 10%.
Giga and Fog were big movers overnight.
They will come back to this. But man, Murad.
Murad's list looks good. Can't, can't stop Murad.
Can't stop Murad. But then some of the other
headlines here. A big one out of with impacts to
Bitcoin and all crypto, perhaps a new HBO documentary on the
electric, The Bitcoin Mystery claims to reveal who Satoshi is
Tuesday night at 9:00 PM Eastern.
So that's going to be a big one. We got a few other macro
headlines. PayPal executed their first ever
business transaction using their stablecoin PYUSD off an invoice
to Ernst and Young. We saw the CFTC move forward
with recommendations allowing tokenized shares of money market
funds to be used as collateral and trading.
So more progress on tokenized stocks, money market funds
there. Masari launched a new AI powered
system called Copilot. That was an interesting launch.
Yesterday we saw Abstract release their latest app that's
going to be on their L2 multiplier.
It's a meme and culture speculation app with the free
play option for creators. Mark Cubit a quote a lot of
quotes going viral from your interview there for the one
being the most traction is meme coin quote Every meme coin is a
rug pull in the works. We'll have your reactions to
that and then a couple other NNT headlines.
Suzuki's announced a new partnership with Flashbots 2
debuted their Bobo magic show and their crypto punk sold sold
in quotes for 24,000 E that. Was that was.
But it turns out it was a marketing stunt for an upcoming
meme coin launch. So an interesting twist on on
that punk sale. But yeah, that's that's the
round up there. Yeah, that's that too.
There's definitely a lot to talk about today and you absolutely
love to say where do we even start?
I mean, we can talk quickly, quickly, quickly about the
market, Tyler. So obviously we got the payrolls
numbers and everything was actually surprising it seems
across the board. Bitcoin, do we think, do we
think this was our bottom? Apologies for the Lions, but
these are my personal head mental lines.
I didn't get my 58K but dude, we came close.
We went 59, eight yesterday. Do you think this was the
generational fourth quarter bottom?
I sure hope it's the bottom. I want to hesitate a little bit.
I'm getting 2 euphoric here. It was feeling a little bit.
It was feeling very bottoming this morning.
The fact that we're kind of giving it back this right now
isn't great. Actually, Walter Bloomberg, he's
tweeted 100 times this morning about the jobs one that he kind
of slipped in there. And some analysts are expecting
those job numbers to be revised lower.
So like we've already seen massive revisions in these
numbers throughout the year. If we if we pump because of that
headline and then we get the revision next week or in a few
weeks, right? It was it was a fake pump.
So I'm a little, you know, concerned about that, but I
don't know, it seems like that the Middle East conflict may be
moving in the right direction. So I think that's a big overhang
to remove. Yeah, the latest on that, it was
that the Arab countries, you know, are going to stand neutral
between Iran and Israel and ask him to kind of stop.
And then I think there was a video that went viral of like
one of the politicians from Saudi Arabia going talking to
Iran about how they want to better their relationships
because obviously historically they haven't had any good
relationships for religious purposes.
And then, and it looks like things are, I mean, the
sentiment from us is like things are calming down, but that
doesn't mean they are calm down because we don't have any like
ceasefires in place and stuff yet.
So we'll see what the we can bring to us.
I know this week was a week of celebration technically for,
for, for, for, for people in Israel, etcetera.
So maybe they were holding back, but what do I know?
We'll see. We'll see what happens over that
with the weekend. Hopefully.
Please, please, we're done with it.
OK? It's better for the, I think for
the sake of the earth that things are done.
But look, we're, we're bouncing nicely.
Tyler 61 three 2370 twenties 140 on the Solon 1:39-ish and then
the top memes Bitcoin. Sorry, Pepe was at 383.8 Bill,
but August back at what 551? And then you have with probably,
let me guess, 240 something. Oh wow, no 223 interesting 223
not a bad bounce there and a bunch of memes higher.
Speaking of memes, this fog 1, you know I every day, I look at
it every day, I'm starting to feel a little depressed.
It just keeps going and I see more and more PFPS in the
timeline. They're nice too.
I just didn't get it. I I didn't see the the vision
for this one, so I totally faded it another 11 percent
137,000,000 basically hanging out at all time highs.
Nuts. Looks good, Yeah.
I mean, you mentioned whiffs. I mean, we got kind of low last
night, so whiff like went, I think sub two briefly.
So 225. It's something that's 10% off
the bottom, decent rebounds on a lot of these.
I think the other thing jumping out to me about this meme market
is I I mentioned it, but the Maraud memes, the Giga.
I think Giga is the number one story of of the day.
It's up 36% to 329. Oh.
My. You're the first time we talked
about Giga to fill in that Wick, go see what it was.
It was, it was back on July, that was it.
But what was the price at that day?
I don't want to talk to you about this right now.
It's up 22 X since June 24th. Yeah.
So we, we, we missed out on a 10X for sure there. 85 it's no,
it's for the from the bottom of the wig, so it's from here.
Right. Yeah, from right around there,
maybe a little lower. Yeah, from here, actually, yeah.
That's what it would have. Been 516% pump since we.
Missed a 5X. Yeah, I don't know, I I feel
like people are starting to index Murad plays like or just
buy across the whole list or buy the ones at the top like that.
That's my current working thesis on what's happening because his
his list is it's outperforming the rest of the market.
Right. This is fucking sick.
This this is so sickening. I I'm done.
All right, you're going to have to host the show.
OK, No, I'm back. But you know, all while my my
main coin that I I picked one, I was like, fuck this, I'm done.
I picked 1 and it's been just flat for six months but.
Yeah. It pumped 25% overnight too, but
but it's flat compared to all the ones that want 10X.
So you know, it is what it is. Bitcoin's man, Bitcoin's strong,
dude. Bitcoin's strong.
It's back at 61 four. I, I, I don't know.
I don't know. I don't know.
I like it. I like I like where we're headed
into the weekend. Yeah.
I mean, it feels a lot better than 59.
Let's just let's just say that. Oh, we kissed 62,000 earlier
anyways. So that's that means listen, the
market is doing good. But still I would I would be
wary before like going all in right away, right?
I think we still have a little overhang in its weight.
Like the what's happening, this is not resolved just so you
know, like it's like, it's like, yeah, there's the comfort
neutrality doesn't mean that Iran or Israel are going to be
like, listen to other countries and just go with it.
So, so we'll see on that front. Tyler, what else?
I mean, the the Satoshi thing I thought was very interesting.
So or not, you know, we'll see if it's interesting or not.
We don't know. But I saw that as well as soon
as it was posted. So apparently there is a
documentary on BBC that claims on HBO, sorry, that they that
know who Satoshi Nakamoto is. Tell me more about this.
Yeah, that's the headline. It's called Money Electric, the
Bitcoin Mystery. The reason that this is got some
weight behind it is it's made by Emmy nominated filmmaker Colin
Hobeck. That matters because Hobeck
previously was behind the documentary which identified the
authors of Q Anon. So he does have a track record
of successfully identifying anonymous founders.
So this is isn't just like a totally random person coming out
with this documentary because I'll admit I was pretty
skeptical at first. It's going to air next Tuesday,
9:00 PM Eastern in the summer. I think there's some
frontrunners. Paulie Market has already spun
up a market here on some of The Who The potential candidates
could be. Lynn Sassman, the leader here
this morning, I think I saw him over 40%.
Hal Finney, Adam back also in 2nd and 3rd.
And then Beanie. Beanie's top pick was Paul Le
Roux. I think that's hanging out
around 4 or 5%. Go to Satoshi.
Yeah, yeah. There you are.
Who are we betting on? Assessment's up to 48%.
Wow. Oh shit, there's one also that's
down there. It's others slash multiple and I
think people are sleeping on this.
I would bet this if I were to bet because dude, because you.
Why are people betting on one person?
I don't think Bitcoin was. I mean that's my take.
I don't think Bitcoin was a one man job.
What do you qualify being one person or multiple?
What does multiple qualify as the Tyler because like I.
Didn't even see the multiple was in here.
OK. Because it's at the bottom bro.
It was at 33% yesterday. People not seeing it man like.
Interesting. I were to bet personally
speaking I I my money is on multiple if I were to bet on
this. What's the fine print on this?
Can you Scroll down? Let's go so the rules of the
market were resolved to yes. If the HBO documentary Money
Electric the Bitcoin mystery is currently scheduled to air on
October 8th identifies someone other than Craig Wright Sassman
all the names, whatever, I'm not gonna read them as the primary
creator of Bitcoin. Otherwise this market was off to
no like listen to this as the primary.
What if they say oh, SAS man was the guy behind it and helped,
but we don't know who that other person is that received the
payment. We don't know.
And then it goes. If the documentary modifies
multiply individuals, this market resolves according to the
individual which the document most directly depicts or
presents is most likely to be responsible to creating Bitcoin.
If two or more individuals presented as equally likely in
the conclusion of documentary, the market is off to yes.
So equally likely or other or multiple.
Wins. I feel like those those last two
paragraphs kind of conflict with each other a little bit.
So I don't know, I'll just spend a little more time with this
Other was my first bet on this as well.
I mean, I've got a lot of thoughts.
So I think 1 I think there's a lot on the line for for this,
right? Like if, if, if they actually
are able to identify the the person you know, pending who it
is, right? Like if it's also.
Why can't you ban the NSA or the CIA?
That's that's actually what my thought was, but I haven't
really gone down the rabbit hole on these.
Yeah. Because a lot of some people
think that Bitcoin is CIA OP I have talked to a lot of people
who think that I don't know, I what do you, what do you think,
Tyler? Who, who?
Who's the Toshi Tyler? It's not Elon I I know that.
Thank you. But yeah, I I honestly don't
know. I haven't gone down the rabbit
hole in this. I'd probably take other if I had
to bet on this. Not a lot of.
Come on, take someone. I mean, I have to probably just
go with the leader, Sassman. Hard to fade this much as many
folks who who are already putting their money where their
mouth is on Sassman. He's clearly the front runner
headed into this. I actually don't know.
I think Sessman is is deceased. I I believe I I think there's
less risk. Yeah, he's late.
I'm I'm just hoping that whoever invented it is actually dead
because that way just felt like oh he's alive.
The risk of I started to sound grim or anything, but that's not
how I meant it. How I meant it is because if
he's dead, the motherfucker can't fuck with it after the
HBO. There's that and they hold, they
hold 1.1 million Bitcoin. I didn't know the exact total
until yesterday, 66 billion. Dollars so I'm just you know
that's kind of that's kind of how I'm thinking about it yeah
you know so I don't know man I my bet's going to be on multiple
because what if it's SAS man and this other person it's the
person in Asia. What's your name?
Nakamoto Dorian, right? What if it's him and Dorian?
What if it's what if it's him And you know, and, and, and so
you never know who and who it is.
So I don't know. I don't know.
I think you know what when when Danny comes on, I think that's a
good thing. We can go over with Danny when
he's on because he was early on Bitcoin.
So maybe yo, what if it's seed phrase might.
Be. Maybe find Deco's oh there oh
there, surprise. What's up?
Surprise, surprise, GM. Here, come on the spaces when
you count and then we'll we'll we'll come in on the.
Spaces as well. You caught me by surprise.
I was going. To yeah here we'll we'll boot
you back down when you're on spaces and stuff give me a
thumbs up in the studio we'll bring you back up well there you
go we'll we'll ask him directly so before we go to Danny and
stuff what what else you have for us Tyler I.
Mean the the punk the flash loan is probably the one of the more
interesting things that happens. OX quit kind of broke the broke
down the story of what actually happened.
I think the tech is cool. So basically it's all done
between 2 contracts. 2 smart contracts 1 smart contract had
the punk in it, smart contract two had nothing and the punk
gets listed for 24,000. Eighth you get the flash loan
initiated. The punk gets bought.
Contract 2 now has the 24,000 eighth pays off the loan
contract one now has the punk no fees, no profits.
So it begs the question of why it's like why do this?
But it turns out it it looks like it it was a marketing
stock. So the person behind this is
launching a Kamala Harris punk memecoin.
They're they're also auctioning the punk via like a seven day
pre sale process. It looks like the person who's
who's doing it gets 10% of the pre sale funds, 90% to the IT
looks like that the clown eyes were were chosen for a reason
there. I, I don't necessarily need to
get into that. I think you could draw your own
assumptions for why that that punk was chosen.
So there's a little bit more to it.
I did not dive deep into the, the meme coin.
So hey, it's, I mean, it's one of the, the bigger marketing
budgets, you know, that that we've seen.
I mean, of course the money got paid off, but it was flashy.
Yeah, yeah. That's that's interesting.
I mean, what's So what are we? Are we buying this like?
I probably won't be. I mean, we've got enough.
Tyler. 'S on its way out, right?
Like we've only got 30 days left, 33, whatever it is.
It was so funny though getting notification and being able to
tweet free under 54. The true story is the one that
Tyler doesn't want to tell you guys because Ovie asked him not
to talk about it. Ovie paid him off.
I didn't know Tyler could be paid off to be honest.
I thought he was always very, you know, honest man that
couldn't be bought. But basically it was OSFOSF
wanted to flex on us plebs and paid $54 million for a floor
punk because why and why not? Because he wanted to prove a
point. Tyler what?
Why don't you just leave with that, you know?
Yeah, we've been, because we colluded on it, only just
acquiring all of the all of the punks.
He's spending hundreds of thousands of eight.
Yeah, I mean, he bought 2 aliens, he bought a zombie
hoodie, and now he's he's bought a $54 million floor punk.
I mean, go figure. This is this is this is quite
crazy. Anyways, I love that.
All right, well, that's, that's a good roundup.
Let's bring Daddy up Daddy seat phrase in the house.
Baby, What's up? What's up?
How you doing? GMGM how are we all hoodie
season right now in Switzerland? It's lovely.
Yeah, it's hoodie season in Montreal as well.
I think I'm in Chicago too. No, Tyler, aren't you getting
close to? We're getting there.
We're still like in the 60s and 70s, but like in the morning,
it's cooler. Yeah, definitely.
I don't think any or myself understand what 6.
Like Celsius? Sounds hot.
It's like what, an 18? So what I actually call it
Google it 16, yeah. I have to do the converter.
It's 15 Celsius to 21 Celsius. OK, got it.
Same here. That is what he sees in for me.
Always what he sees in. Daddy.
So actually, before we dive into all the stuff we got ready for
you, who is Satoshi Nakamoto? Have you seen this HBO thing?
Like who do you? You're an OG Bitcoiner.
Like what? What do you?
What do you think? Look like you know, seeing Obi
purchase, you know all of these punks recently for ridiculous
amounts of money. You know as you mentioned 2
aliens. He just bought another floor
punk for 50 million. Like this guy's loaded.
It has to be Obi. I love that.
If you had to take a guess out of the Poly market lines, who
would you think? Do you think it's like, what is
Leon Sassman or Hal Finney or one of those?
I think it was Hal. I think like my my bet has
always been like Hal Finney again, like I, I haven't really
gone down that rabbit hole for many years now, but it was
definitely one of those like early bitcoiners who were around
in, you know, 2000 and nine 2010, you know, mining on their,
you know, home computers CPUs getting, you know, tons of
bitcoins for like pretty much nothing.
So I I would definitely assume it's them.
The fact that it said that it's going to impact the US election
makes me think that it potentially could be the NSA.
Dare I say that? Too.
Yeah. So like, I don't know, like it
could be, you know, a three letter agency.
It could be, you know, an individual.
I wouldn't be surprised if it was an agency though.
Yeah, like I think I was talking to Sobie one day, like a few
years ago. He was like, yeah, like he told
me all about the CIA. Like a lot of people.
I was CIA for a moment or something.
They, it's crazy, I can't remember the story exactly, but
like the encryption that we had up until recently, for the last
like 40 years, it was just found out that the CIA had a backdoor
the entire time. And this was the same encryption
that Iran was using. And like, you know, many other
countries. So I wouldn't be surprised if it
was the CIA. Whether or not that is bullish
or bearish, if that ever comes out, I don't know.
It's probably very bearish for the States.
So I hope it doesn't come out. If that's the case, I hope it is
like Hal Finney and you know, he just, you know, you know, passed
with his seed phrase. But who knows it, it could be
really like anyone at this point.
It's been so many years that have passed since Satoshi's
disappeared that you know that the traces to find this person
or it or whatever it is, you know, it's, it's long gone now.
It'd be very difficult to try and track it down.
Yeah, that I was telling Tyler that.
I hope whoever it is, I hope. I mean, I didn't mean to sound
so great. I'm hope they're dead because we
definitely don't want a founder of Bitcoin that is that is
alive. I don't know, unless it's the
CIA and they can do some crazy shit with it.
Anyways, that's not what we're here to talk about.
Just a reminder for everybody, we are doing a bunch of
giveaways today. Well, two of them actually on
the show. Daddy is going to give away a
hoodie from his latest collection, which I'm sure we're
going to get to It's actually a really cool hoodie.
He he showed me the, the, the piece that he wants to give
away. It's going to be this one hoodie
#53 look at this actually so clean nice caller, nice caller.
So he'll be able to either win emerge hoodie or you have a
chance to get a spin to potentially win a crypto punk
today on the show. The odds are the highest they've
ever been. I just made them 1.25% chance to
win a punk, so that's that's not.
Last time I was on the show and you did a spin, someone won in
the lady, right? Yes.
In the summer, yes. So hopefully someone who's
listening today is going to get lucky again.
Yes, Sir, that's definitely what we're what we're hoping for
today on the show. So you know, it could happen.
I think I think there's a very high chance of it happening
today. So we'll see.
So all you have to do is go to rafflebot dot XYZ, raffle RAFFLE
BOT dot XYZ, and then you put the code seed phrase.
Boom, the code today is seed phrase S EE DPHRASE.
There you go, little spelling bee for y'all.
And and you'll have a chance to either win a hoodie or a spit.
Anyways, when we get right into it, I mean, Danny, why don't you
tell me like what, what's, what's the what's the latest?
I know Tyler's got some questions queued up for you too,
but like, you know, how's the how's this latest collaboration
been for you? Because that's that's been a big
one. It has been a big one.
Yeah. No, I've been, it's been such an
exciting ride this entire time. You know, you, you joined us in
New York. You got to see it first hand at
the Swarovski event. You know, we've been going at
this now for, I would say about six months, you know, since I
first met Colby during NFTNYC, when the, you know, the idea,
you know, blossomed. And yeah, it's just been a
pleasure. It's been so much fun.
It's exactly, you know, what we had imagined, if not better.
You know, we really reimagined the hoodie from Genesis.
You know, we improved the materials, we improved the
actual fit and the feel of it as well.
And we also wanted to like, you know, one up it.
You know, obviously the seven trade punk is a high valued
digital asset and we wanted to, you know, be able to show that
through the hoodies themselves, which is, you know, why we
partnered with Swarovski, who did the cord ends on some of the
hoodies, which look insane. You know, each each chord ends,
you know, represents a certain trade of the punk.
You know, they're all in rusty crystal.
And then there's also two in the collection that a diamond and
white gold. So yeah, that that to me is
like, you know, it's it's such an incredible, you know,
accomplishment. And, you know, I'm so obviously
proud of our, you know, our partners that came on board for
this. You know, it's a really big
moment. And you know, just to note on
the diamond, thankfully, you know, for one of mergers
investors, they are they they rolled the diamond and they were
like, look like this doesn't belong to me.
I would love to give this to the community instead.
So they gracefully, you know, yeah, so they've gracefully put
the diamond hoodie into a raffle.
And anyone who has minted a Drop 2 hoodie gets the chance of
getting the diamond hoodie. So I think that's gonna be like,
you know, a really big perk for some people.
But the diamonds sold for over $15,000 on Christie's, and that
was christies.com, not Christie's 3.0, which was
another big accomplishment as well.
And also, you know, obviously we've got Claire Silver
involved. You know, she created some
insane, mainly incredible AI artwork to accompany each
hoodie. And you know, obviously,
although Christie's participants who won their lot, they will get
a one of one Claire silver work. So, you know, I think it's just
a, you know, it's really like a mega packed, you know,
collaborative drop here and you know, it really shows and really
well represents the brand as well.
Yeah, no, I absolutely love that.
And I'm sure we'll get into even more details a little further.
Tyler. Tyler, do you want to take this
on? I know you have a couple
questions for Danny. Yeah, I guess maybe before we
move on though, I guess, Danny, working folks, I guess the
raffle's still going like working folks.
Yeah, yeah. So there's roughly, you have to
be quick though. There's only like 35 hoodies
left. It's on merch dot XYZ, So that's
MMERCH dot XYZ. See, there's only 35 left.
There's not many left to be minted and anyone who
participates in this drop will go into the draw to win the
diamond hoodie And as I said, the the other diamonds sold on
Christie's for over $15,000. So you know, additionally you
also have a chance of getting a Swarovski crystal, you know, and
also you get some class silver artwork as well.
So again, rammed with, you know, a ton of value there for, you
know what this is, you know, again, it's a high end luxurious
hoodie just in time for the winter.
So and it's also, you know, it's brought to you by a bunch of
punks, you know, mini muse, Claire Silva and myself.
So, you know, we're, we're really like, you know, stepping
out there and, you know, showing what's possible when it comes to
like collaborative, you know, initiatives like this.
That was so fun, by the way, Tyler.
I went to the event in New York for one night and it was a lot
of fun. It was cool.
I was just Swarovski, like it was cool always to see the big
brands. Like I know we talk about
Lamborghini this week, right, Tyler?
It's like it's cool to see like some of them actually still kind
of want to do NFTS right and and get involved with culture, which
I'm sure we'll get to. But anyways, Tyler, right back
to you. Yeah, I'm a big Claire Silver
fan, so, so love seeing her name in there as well.
But but, but Danny, your name is in the headlines for multiple
reasons. You got some some plans with
Sotheby's next week. So yeah.
So what's going on there? Help catch us up.
Yeah, So you know, over the last month I also did you know the
the remix with Blondish, We we released some physical vinyls.
And then just recently I also announced my Sotheby's sale,
which will be running from October 7th to the 10th.
And I'm going to be offering seven Autoglyphs, which is I
think a very significant sale because purely you just can't
get those right now on the market.
You know, that we're seeing a few different simple ones sell
currently, but you know, we we are offering, you know, a range
of symbols here. They're all unique symbols.
It's really going to be catered towards someone who's, you know,
trying to either build a set, you know, fill some gaps in
their set. Again, like these are legendary,
you know, works of art. You know, these are historic.
They're the first ever on chain generative to wax ever to be
minted. So I'm really excited for the
sale. I've, you know, got full trust
in Michael to, you know, really like, you know, bring this out
to the world because this is a, you know, a once in a lifetime
opportunity as well to really get a good chunk of Autoglyphs
at once. So very excited about this.
Who do you think that the profile of the virus is it, is
it crypto native, digitally native or do you think it's
traditional? I, I, it's, it's interesting
because I have been, you know, I sold a couple of Autoglyphs over
this summer. Not that, you know, not too many
people know that, but I, I have been, you know, secretly and.
You know what? I was there.
Yeah, you were, you were there for one.
And what I'm actually finding is that there's a lot of tried art
interest. There's a lot of like
institutional interest. It's typically people who have
the budget for this. And you know, especially for
like the first one that I sold, you know, a lot of these people
who are, you know, getting into the space, they're filling it
out a little bit. You know, they do come from more
of like the contemporary art world.
You know, they're used to physical paintings and things
like that. They these people when they want
something and if they go into something like they go into a
big right. And that is the biggest
statement you can make is by getting an Autoglyph or a full
set of Autoglyphs. So what I've really found is
like, it has been a lot of trad art or, you know, trad finance
people outside of our space. There's not too many people
actually within our space who is buying generative art right now.
So that is also why I tapped Sotheby's for the sale because I
know that they have such a large traditional base and they're
going to be putting this in front of a lot of like more like
traditional eyes who would be probably a lot more interested
in buying these. Yeah, it makes sense.
We were just having a conversation on the show
yesterday or the day before about, you know, it's like what
is standing out in the digital art space right now?
It's for like a traditional art collector or someone, you know,
coming in that that that could stand the test of time.
It feels like my short lists, you know, X copy.
I think punks are on the list, you know, like if junior and
Mars on the list, like it's got to be out of glyphs, right?
I'm curious, like what what else is top of mind for you?
Like are those the big three? Like what else is in like top
five, top ten? Like if you think of or wealthy
traditional art group is coming in, what are they gonna be
looking at? I've always with my collection
style like I've always taken a very like fundamental approach.
So what is a first, what is historic?
This has been something that like I've really driven my sales
or like collection as well. So mostly tinkered with like,
you know, like very like early works, you know, something that
is like very culturally relevant, such as crypto punks,
you know, the first ever 10K collection culturally, maybe one
of the most, you know, relevant collections in the entire, you
know, industry that we're in. And then, you know, obviously
with Autoglyphs as well, you know, being the first ever on
chain generative arts, there's no denying the historical
relevance to that, right? So, you know, besides those two
collections, you know, you could maybe argue, you know, obviously
for denses as well, just seeing a Fidenza on the screen, you
know, X copy. He has such an incredible, you
know, base of collectors who have supported him over the
years. I think, you know, when it comes
to digital art, X copy is definitely one of those first
names that comes to mind. And two others that I would add
to that would be people, you know, there's no, there's like,
you know, he's undeniable what he has done for our industry and
how he's continued to support our industry, especially after
that big $69 million sale during Christies.
And Rafik Anadal, you know, like I, I think a lot of people
resonate with his work. He's doing a lot of work getting
digital arts in front of a lot of people who would typically
not even like, you know, pay any attention to this.
And you know, he's just announced he's doing a AI museum
in Lai believe it is, which is incredible.
You know, like again, like I am all about and wanting to support
anyone who is pushing this space forward.
And you know, these individuals are really showing that.
Yeah, Rethink's very interesting that the museum, I think it's
gonna shine a light on AI art. I've been hearing whispers that
that perhaps you've been going deeper down the the AI art.
That's what I have. That accurate I guess What what
stands out to you about that sector like what's been kind of
on your radar? Yeah, look, like I, I had known
about AI art for years, but I don't think I really fully
understood it until about ChatGPT 3 or 3.5 when I really
had like this lightbulb moment where I realized that every
single person on this planet, you know, whether they know it
or not, are going to be impacted by AI, right?
It's it's now it's set in stone, it's going to happen.
So I think for me, you know, once AI does, you know, get that
mainstream adoption when it is in everyone's pockets or like in
their, you know, sunglasses or something like that.
You know, I, I do want to be able to like tell that story of
where this begun. A lot of people are going to
take this technology for granted.
It, you know, at the time, even present day today, you know,
it's, it's very beautiful. You can almost, you know,
indistinguishly, you know, choose like what is real and
what is fake. You know, when you are looking
at AI images, you're already seeing like a bunch of, you
know, social media influences that aren't even real anymore,
right? So like, what does that look
like in five years time? And so like, I really want to be
able to like, you know, tell that story.
I want to show the origins, the history.
I want to show the ugliness of AI like where this all begun,
because I think like a lot of people will be interested in
that in the future. And I would just want to, you
know, be able to like support the the artists.
You know, there's a lot of like, you know, great artists like
Claire Silva who have been working at this now for many,
many years and she's finally starting to get the recognition
that she deserves. So I want to be on that ride
with them and like see them grow and help them prosper and
elevate them in some way, right. So, you know, I think like that
is, you know, a fantastic cause. And I think, you know, from a
more of like a collecting side, you know, if someone is looking
to get into the AI space and they are wanting to potentially
make some money from it, you have to look at how small the
market cap is of AI art. You know, even when you compare
it to generative art, generative art is only, I think it's a
billion market cap right now, whereas like AI is around 100
million mark. I think both are incredibly
significant. I have a lot of generative art
and I continue to buy it to today.
But you can't deny that AI art is going to have a big impact
on, you know, the world. And I could potentially see it
even surpassing generative art. So even just for it to get to
the point of where generative art is today, it's a 10X.
And then, you know, if it does what I think it will do, you
know, it's going to make a lot of people happy at least anyway,
in that sense. The, the, the thesis makes sense
to me and I've dabbled a little bit in in AI art.
I haven't thrown a whole lot of at it like Deep Black.
What was one collection that that jumped out that was?
One of my fast as well. I like that quite a bit.
I'm curious, do you, do you look at aesthetics like you actually
mentioned the ugliness of AIR? And something comment about the.
Ugliness is not the most aesthetic collection unless
you've got the full sets. But yeah, correct.
So like, you know, I have a full set of the paper prompts and I
have a full set of the process prompts aesthetically.
What does that mean? Do you want to explain just?
I don't mean to stop you there. What does it mean?
A full set of the proper prompts.
The paper prompts were basically what was included in the initial
scientific paper when the artist was actually like proving this
like text to image process that he created.
So that is like basically the significance of the two.
So the paper prompts, I guess, would have a lot more value
because they were actually included, included in the
scientific paper that was then, you know, reviewed by many
scientists around the world. The process prompts were just
like ones that were created a little bit afterwards or weren't
selected for that scientific paper.
So that's why I collected a full set of paper and then I also got
a full set of process. And, and I don't know many
people know this, but Alejandro from Fellowship was actually the
one who curated my process prompt set.
So very grateful for Alejandro and the folks over at Fellowship
as well. They've done an incredible job.
So yeah, you can see it and it's one of my, you know, artwork
there. I've got a big mix of generative
art and and AI art as well. But you know, coming back to
you, Tyler, you know, it, it is in the most aesthetically
pleasing, but it does fulfill my other requirement of being
historical, you know, being the first ever text to image
processor it for me. It's like it's so historical
that it's something that you can't look past.
I would still put one on the wall because purely like that
would be just such a great talking point, right?
Like a lot of people are going to look at that, be like, what
is that pixelated crap? And then I can then at least,
you know, open that dialogue and that conversation and, you know,
talk to them about AIR, which is what I love to do.
So, you know, it's it's almost like a trap on the wall.
You know, you're you're you're begging someone to ask about it.
And then you can actually finally like dive into it.
So, you know, like, obviously, you know, that's got the
historical, you know, significance of it.
And then if you're looking for something that I think is also,
you know, a great buy and I. I've been very vocal about this,
again, not financial advice, but I've been very vocal about this
on my ex account and that is Winds of Yawanawa.
I, I think if you're looking for something that's aesthetics,
that is definitely one of the, the more prettier collections
out there. And obviously it really has, you
know, refix signature touch all over it.
It's a great 'cause it's, you know, it's helping, you know,
the Yawanawa people and it, it just has like a great, like, you
know, a great story behind it as well.
It's great narratives and it's just stunning.
I'd love to have that, you know, on multiple screens around my
home. Yeah, beautiful.
Like on a on a huge screen that would be, you know, very
impressive. It feels like, you know, we love
to draw analogies and comparisons.
It feels like the finenza of AI art right now.
I'd I'd say is kind of how I would.
That that's how I've been comparing it.
You know, they've got the same, you know, supply, you know,
there's 1000 of each. You know, like I think both
Tyler Hobbs and Rafik and Adele, they are both very accomplished
artists. You know, I would say Rafik with
what he has announced recently and you know, obviously getting
into the mobile, he is very much up there is like, you know, one
of the greats when it comes to AI art.
And you know, they, I think they also cater to the same, you
know, collector base as well. You know, they're very
aesthetically pleasing. You know, it's, it's very, very
easy for someone who doesn't know a lot about art to like get
into. And also it's complex enough for
someone who does know about art to, to want to jump in as well.
So I think, you know, it has like a, a double whammy there.
And what else I love about them is that it really, you know,
makes use of the medium, right? So like, you know, when I
collect digital art, I wanted to be able to do something that
physical art can't do and vice versa, right?
Like I see them both being complementary to one another.
It's not digital or physical. It's why can't they be, you
know, you know, like you know, together, right?
Like cohibitual sort of way, right.
So like, I want to see, you know, digital screens with like
movements and animations to represent my digital art, but I
also want to have like a Picasso next to it.
Yeah. No, that, that certainly makes
sense. I can appreciate that, you know,
collecting style. I'm curious, are there any, we
went down like the, the AI art rabbit hole a bit here.
Are there any other trends that they're jumping out to you in
this, in the digital art space right now?
I think an interesting tweet that kind of caught my attention
yesterday. Sergio was talking about the
launch of shape and, and he was comparing the number of
followers they have effectively to the number of collectors we
have left in the digital art sector.
And he said they've they've got 3000 followers.
It feels like we've got about 3000 people left, which kind of
spun up a little bit of a conversation in his replies,
which he put out about 1010 X less than what we had at peak in
2021. Curious if you have a read on
that or any other just kind of broader trends kind of state of
the nation for for digital art that are kind of top of mind to
you? Digital art as a whole or more
AI art? Maybe as a whole, so branching
outside of a? Yeah, look like I, I think it is
still very niche. We're still very early.
I know you know, a couple of years ago people hated hearing
that, but it's true. When you look at the numbers,
when you look at the volume, you know, when you look at the
liquidity, you know, like this hasn't broken into mainstream
adoption at all. You know, obviously we are
seeing a few people double and, you know, they are buying a
little bit of digital art on the side just in case.
But we're very far from, you know, this becoming more
mainstream. And I, you know, I do ponder
this quite frequently. And I do think, you know, a big
part of that is because the technology is just not there
yet. I think a lot of people still
struggle with screens, being able to put the arts up on the
screens. You know, even looking at, you
know, these AR glasses that, you know, Mehta just announced, you
know, they're still in their infancy.
You know, it's still only 2024. You know, like maybe in three to
five years time, those meta glasses are going to be a lot
more sleek. They're going to be a lot more
powerful. Everything is going to be
overlaid with AR. You know, your, your social
media will basically be like you just looking at a person and you
get to see like their username, their recent posts and their
phone number or whatever that person is allowing you to see.
So, you know, we're about to, you know, step into this, you
know, wonderful new world of like technology that I think we
don't even understand is what's possible yet.
And, you know, we can already see the, the, the small like
footprints of that now. But I think it's really going to
blow our mind. You know, the next, like, I'd
say like 5 to 10 years, it's going to look very different to
what it is today. And when it is a lot more, you
know, adopted and more acceptable to be wearing these,
you know, these digital AR glasses, that's probably when
we're going to start seeing people, you know, switch their
phones out for glasses. Everything's going to be in AR
and we're going to start seeing digital art everywhere, you
know, and that is probably when we see that mainstream adoption
pour in. Yeah, I love, I love how you I
just love the way Danny talks about like AR general of art and
then sees them from like a market cap standpoint etcetera.
So ties back is that is that how you thought about it when you
first bought the glyphs, the punks and everything?
Because obviously like for those who don't know, like Danny was
early, obviously the crypto punks, we've had some iconic
sales like at the ape hoodie, which I don't forget was like
what 4000 ETH or something. And you know, a bunch of other
ones. And you were already to the
Autoglyphs, which we're selling at Solder Bees, which are
probably collectively what going to get a few $1,000,000.
But you know, you've, I think people can know how much you pay
for them, right? Because it's on chain.
Yeah it's it's all on chain. I paid 150,000 for 10.
For a full set. So yeah, 150 K for a full set of
glyphs. And I think obviously we're way
beyond the, the, the 10X here. We're we're like what, 5020 X
5070 X territory? Yeah.
Well, I if you just look at earlier this year at full sets
off of 15,000,000, so 150,000 to 15,000,000, what is that 100?
XI need one of those. Why?
Why didn't you call me back in 2020?
Tell me this. Like we only met in 2021, I
know. But still we needed.
To like time travel or something.
God damn it, maybe you're a time traveler.
I was like, you're the time traveler for real.
It's like you and Baron Trump. You know this, this is the bare
glyphs we're talking about yesterday, Tyler, because I
found, I finally found it. We were looking at it on the
show yesterday. We're looking for it everywhere,
Danny, But you moved all your assets so I couldn't.
Have I moved them around? Yeah, good, good.
That's probably, that's probably good.
So what's special about this glyph?
Because Tyler and I were talking about it yesterday.
So this glyph would be one that I potentially would hold
forever. It's like my 7 trade crypto
punk. I, it's funny, actually, I had a
phone call a few months ago about my autoglyphs and the
person you know, who's is very much in the both, you know,
digital and physical art world. They, they said the exact same
thing. They said this is the seven
trade of the Autoglyphs. And the reason being is because
that is the only Autoglyph that actually looks like anything at
all. So it looks like a teddy bear
basically. And there's no other Autoglyph
that looks or vastly even like resembles anything at all.
So out of all of the, you know, there we go.
You can see the collection there.
You know, they, they all look like QR codes to the unassuming,
right? So, yeah, that's what's special
about this one. You know, I can basically say
it's the first ever Unchained generative bear, which I think
is also a, you know, a great narrative to say as well.
But that's why I love this one. It says symbol 9.
So it's very rare. There's only 11 of them in the
entire collection, so not only is it a rare symbol, but it
also, you know, resembles a teddy bear.
So yeah, I think this might be one of my forever holds.
There's a few NFTS in my collection that I probably would
never sell, and this is definitely one of them.
Wow, that is sick. Yeah, it is a bear.
I mean, we don't like bears, but I guess we like this bear.
This doesn't come out for after 2025.
Yeah, exactly. Just quickly, I have one more
question for you. Then we'll get to the giveaways.
Raffle bots dot XYZ. Raffle bots dot XYZ.
If you're listening right now, you still have a chance to win
either a merch hoodie #53 minted by Danny himself that will send
that he'll send to you after the show, or a spin to potentially
win a crypto punk. Danny, what's your, what's your
last question? More market related.
How do you feel about the market right now?
Because the smart people were talking about 24 as a pump and
stuff, but the smartest people I know and people have been here
for multiple cycles. Like you keep timing 2526 and
that's something you always repeat.
Like you always talk about 2025 specifically.
So how do you feel about the market in general right now and
where we're headed? Given that, what is this your
4th cycle? I believe so, yeah.
It's, it's tracking. Exactly.
You know how I thought it was going to track.
You know, I've been now in crypto since the beginning of
2013. So I I experienced, you know,
the 2013 cycle, the 2017 cycle, the 2021 cycle and soon to be
the 2025 cycle. And what someone you know in the
audience will recognize there is that the bull market seems to
happen every four years and it's always on an odd year, right.
So that is why I'm still very bullish on 2025.
I think nothing has changed. If anything, I think all of
these like ETF, you know, listings have been very
beneficial to the market. I don't know what the bear
market will look like when people start to, you know,
withdraw all of their coins. It's probably going to get
pretty brutal. But yeah, like, I, I am very
much just preparing. I'm allocating in a way where I
do believe that 2025 is going to be the next Raging Bull.
And not only just in coins, but NFTS as well.
I know that's like a, a dirty word for some, but you know,
it's a equal spread across coins, you know, including like
AI coins, gaming. A lot of people know that I'm
into like, you know, Zai and pirate and portal.
And then, you know, also, you know, a lot of NFTS that you
can, you know, check on my open seas.
So you know, like I, I'm unwavered.
I I think this is like what you typically see, you know, between
cycles. I remember even before, I think
it was 2021, I think it was when we saw like the D5 cycle and
like, you know, D5 happened I think the year beforehand.
And you know, even before the 2013 cycle, I think it was like
colored coins or country coins or something like that.
It was like China coin and red coin and blue coin.
So I, I'm kind of seeing the meme coins as like the precipice
before the big 2025 surge as well.
Like it just seems to always be that way.
They have like a a very certain category will explode and then
you see the the big, you know, everyone's going up in, you
know, the following year. I love that see that how's that
source some hopium for y'all listening to the show today.
You know that's that's I just go based off what Danny tells you.
I spent the summer with him. He was like 252525.
That's all he kept saying, 2025. More financial advice as well.
Not not financial advice, interesting thing, but it's
interesting to hear because like Mandel, for example, is an
incredible trader, one of the best.
I know I'd say top five right now on CT, but like you were
there for multiple cycles like you've done it's he's done 2
cycles in this market. His second.
You've done 3 already in this, your 4th going into this one,
which is pretty fucking crazy. Not every day talk to four
cyclers. So it's good to know.
So gaming obviously your AI are your generative art and the way
you're, you're positioning yourself, your brand seat phrase
with clearly you're bullish on fashion art moving forward with
this.