Mendel's got his head off. I know why. yo-yo yo, what up,
what up? Good morning.
Good the headphones up 'cause last night he texted.
Yesterday morning he texted me like, dude, I can't do this,
it's too loud. And I didn't realize my knob was
up and I was screaming on the his ears like I can fuck it.
Did Kelly there? It's been a prominent thing, I
think from now on I don't trust it.
I don't trust it. Whoa, whoa, hold on.
Actually, oh, that was you. Whoa, no, it's because of the
because this went close to that. There you go.
I won't scream. OK. yo-yo, yo, What up?
What up? Good morning.
That's what.
It was like yesterday. Friday No, I didn't have my knob
up two notches above and I screamed really loud so I
obliterated your ears. I apologize for that.
But anyways, Friday is it better now?
March 15th 202444444 Look at that.
Another beautiful day to have a beautiful day.
I got my coats in the house. I was Mando.
How you guys doing this morning? Happy Friday.
Happy Friday, man. Doing great.
How are you? I'm doing fantastic.
I'm doing very well this morning actually.
Thank you for asking. Doing very well, Ovi.
How you doing? Yeah, I'm good.
Good. The same old really.
You love that sweater, huh? It's honestly, it's it's just
it's a really good hoodie. I don't really wear hoodies.
I can't wait for mine. And usually when people send,
you send you stuff. I'm like.
Yeah, and. Whatever.
You don't pick it, so it's never usually something that you like,
and this is not something I would usually wear, but it's
just so comfy. I love that.
You know, I saw, I saw bad soup. I saw Danny.
A lot of people like, I guess a lot of people caught him.
I'm waiting for mine. I'm waiting for mine.
You know, I I heard through through, through Bernie that
we're actually going to be partnering with him at some
point on the show. So yeah, I'm wearing for my I'm
wearing for my sweater. I'm wearing for my sweater.
It's it's gonna be look good in the spring too.
Spring collars and everything. It's a lot of fun.
Anyways, Anyways, big day today on the show ladies and
gentlemen, There's a lot happening today.
As usual. We're gonna be giving also a lot
away as the boys will be doing the the market report.
I will go fix our little roll bit Loot boxes.
We are doing 2 loot boxes at the end of this of Hold on one
second Sims. Is this working.
Oh sorry I thought you sent us something else my bad.
We're we're we're good we're good we're good.
So anyways we have we're going to be doing two rule bit loot
box at the end of the show shout out to our partners at rule bit
we're going to be doing we're going to get Nate.
Alex come talk about you know just Nate.
Alex come kick kick kick it with us because we love Nate.
But also shout out to him he gave three allow this spots to
rec guy. Three allow this spots to rug
radio. So those were handled I think by
Bernie but he agreed to come and give one other natives NFT allow
this part on this show today. So we're going to be giving that
as well. I know it's highly anticipated.
You absolutely love to see it and as usual as usual as usual
we will be going through market report etcetera, etcetera
etcetera as we keep it going. And then you know as usual we're
live on video on audio etcetera and boys as of today, I I know,
I know Sims is is working on it right now but I'm pretty sure
that we are going to be streaming live on violence live
now the show so, so welcome and shout out to all of the new
listener and watchers, viewers of FOMO, our R rock radio, you
know looks like we're about to you know looks like the numbers
are are are going to be 10X ING you know looks like we're about
to really kick it off here. So not just our coins, we're
also our wonderful morning show that we that we that we host
every single morning Monday to Friday, 10:30 AM Eastern
Standard Time that is also recorded and reposted across all
platforms. I do have to remind them of that
because we're probably getting a bunch of new people.
So it's super cool to see you love it, love the growth.
Shout out to the team. It's freaking awesome, boys.
We're, we're, we're, we're we're getting bigger.
I don't like that. You know, we're, you know, the
morning show's starting to become quite the thing.
You know, it's almost like it's almost like we like hosted 600
of these to to get to this point.
I don't even know at this point I it surely it's closer to 700
and even like I keep saying 600 but we're this episode 80 of
foam water so there's always been hundreds of episodes of the
other ones before that. But anyways, anyways, Knee
weighs Without further ado, why don't we get right into it?
I feel like there's a lot to talk about on the market side,
Mando. Between the the the crash of all
our all the coins yesterday, Solana bouncing back pretty
well. Boom, going to the fucking moon
and everything going on. Let's kick it to you.
Can you dig it? GMGM everyone.
So we had a a bit of a sell off actually for the first time in
in a while and this wasn't just a Wick down and immediate
retrace like we had a bit of a sell off yesterday just before
the show and then we kind of retraced back and then bit more
of a sustained sell off as the day went on.
So Bitcoin. Kind of.
When I woke up, so everyone was asleep.
Yeah, it went down to a round 6566 K It was.
In terms of Wix and this. This did feel slightly different
because it like this has been sustained.
Like it wasn't just oh liquidation's cleared out this
was it felt like AT WAP selling out of a position yesterday
evening and then went into kind of sustained this morning.
So people are definitely a bit more wary about this sell off
than some of the others. This didn't just feel like a
flushing of of of excess risk taking this felt like right just
be a bit aware because you've moved quite a lot and if
somebody's or if multiple people are starting to sell decent
chunks then you got to be you got to be on your toes a bit
more. So definitely, definitely a bit
more cautious today. I think it probably means that
you know the 100K by end of Q1 seems unlikely but it does it
it, it feels like we could be in for a bit of a range bound
trading session here. So whether that's between 60 and
70 or I don't know low 60s and low 70s something like that.
I I think we could be, we could be here for a little bit.
Now what caused it, it's a little bit difficult to say.
Like yesterday there was that slightly hot inflation print
that came out of the US, which meant that it basically means
that interest rates are it's. It's slightly less likely that
the Fed will cut interest rates as strong as they were meant to,
but the rest of the markets didn't really move that much.
So like stocks didn't really move that much lower, interest
rates moved slightly higher, but things like gold didn't really
move. So I think it was more just a
that was one thing that set off maybe 1 seller and then it felt
felt more slows like the way that Bitcoin was getting sold
yesterday particularly in the evening really did feel like
somebody was just tee whopping out of a very big position.
We kind of bounced slightly and then we went back and bits and
touched the lows again. So there were decent amount of
liquidations 600 million roughly.
To To put it in perspective when when we had that big Wick 10
days ago, there was over a billion of of liquidation.
So it was smaller, we weren't, we weren't the the market wasn't
taking as excessive risks as it was a week ago and funding and
open interests have both dropped off pretty significantly since
then. So it's it's a cleaner market
right now. I don't.
I think the people have been rewarded by just buying dips in
this market and I think that's something to be a bit more
cautious of this time. That's what I would say like
just the way that it's sold off hasn't been like if you if you
look back even over the last like two months, every single
time we sold off was basically in a day and then we immediately
bounced. And this, this, this wasn't
really like that. Just somebody who who who looks
at the market every single day. This felt like actual selling
rather than just oh right, somebody's just tried to take it
over leverage and then buy it back.
So I'm definitely more cautious on where like that.
We're not just going to randomly do a 2X here.
Feels like people will now trade between those.
There's still obviously money to be made in those sort of
environments and often when Bitcoin gets in those
environments, you can sometimes have like an altcoin season.
As soon as Bitcoin starts to range, you can sometimes get an
altcoin season. So but at the same time we can
also a lot of these altcoins are up a lot because it's one of the
mean coins, so they could also get smashed.
So just be a bit more aware, I don't think you should be
dalling it to 11 on the risk metrics even now like we haven't
just immediately bounced back to all time highs, right.
We're kind of just hanging out at 68 K and I think we could
very easily go back lower again even today.
So just be aware this doesn't feel like the other dips, this
feels, this feels slightly, there's slightly more to it than
the other ones. What we did see was that Solano
needs to go. Absolutely.
It's an all time high in terms of market cap.
Obviously, there's been some, as we spoke about on this show,
like there's been some emissions since the last time.
It's all, it all sounds like that that block that was from
FDX is seemingly very likely to have cleared or the financing's
basically been done. So we kind of said that that
would happen. The moment that that that got
cleared, it would probably explode higher and we saw that
kind of happen and then but this is something that it's not like
it's happened in a vacuum. Obviously the vast majority of
activity has been happening on Solana over the last at least on
the coin side over the last few months and this kind of felt
like a bit of a coiled spring before that.
So I think there there is, there is real, there's a real reason
why it's kind of hitting all time highs.
This isn't just some random pump like this is this is definitely
the adoption period for Solana. A lot of people saying like you
know ETH had the adoption curve last, last cycle.
This feels like a lot of people are using it.
So it's it's definitely, it's definitely feels different than
some of the old coins. It's really cementing itself.
It's like a major now I think which is which is interesting to
see And then in terms of what people are making money on, I
think it's there's only really one thing on everyone's lips
which is this own thing. I I have never seen anything
like this like this. The only time that this reminds
me of something is Pepe. But to be clear like Pepe took a
long time to even get to 100 million.
Like you could have seen Pepe. Like Pepe spent some time at
10:20 30-50 then back to 20 then up to 100 and then then it
started to pick up pace. This Dark Farms thing happened
in a day, has hit $500 million market cap in a day.
So you're seeing crazy stories across the timeline because
obviously this, this really did emerge kind of from the NFT
community because Dark Farms is is well known in the NFT
community and and it maybe isn't as known in broader crypto.
So a lot of big wins in in the in the NFT space and you know I
sold mine way too early way way, way, way, way too early.
When I hit 60, I sold it and it's done another basically done
another 10X since then mainly on the back of I think it's
probably got a market maker behind me, but I can't really
tell and it's definitely got some listings, some very, very
big listings behind it at the moment.
So you know with the volumes that it's doing to put it in
perspective like let's just let's bring up like a deck
Screener right now like if we. Have that open.
Let me tell you that. There you go.
Boom. So what volume is it doing 300?
And $91 million volume. Yeah.
And that's just on one pair, right?
That's just the bone soul pair. So like, I wonder if Coin Gecko
has got like the. The volume across I'm sure.
Let me see let me see here, Matt I I have to say this is insane.
Like this is this is insane. I've never seen anything like
this. This is going to be one of my
best trades I've ever, ever, so it's done. 500 million of volume
in spot over the last 24 hours like that is wild.
That is. Huge.
That's fucking crazy. Like if I was to bring up the
top coins across, that probably beats most major mean points.
Well, it is. No, it's the Senate.
Look at this post. It was ranked twenty.
It was this morning at 8:00 AM. It was ranked 26th by 20 on 24
hour volume in crypto. Yeah, that's that is absolutely
insane. Like how do you see by volume
my, my and and people are asking like what the hell has happened
here? Because this is not, this is not
regular, you know, like artist launches mean time doesn't just
automatically go to 500 million. You've had parallels in the
past, like Turbo had a big run if you remember, and that kind
of came from the IT community and went up to 300 million.
But that again, that took a while.
This has gone to 500 million in a day and got major listings
almost within an hour. The first ones was like 6 hours
old, so really, really crazy. And now it's just got there.
It feels like it could. I mean it got.
Right like it got crypto com this morning which is not major
major but it's still good. It got by bit web three last
night posted about it that it was going to go Live Today.
That's when I went like last night I saw by bit tweet at like
midnight. Like this is going to be
ridiculous because by bit OK Q coin like you get into this
territory then you know the the usual hopefully the western ones
like the krakens and the coinbases could catch on down
the line but like Gemini as well.
But like dude like it got by bit and it got KU coin bro.
Kucoin went live or is going live and Coogan is usually like
a pretty big one too, right? If I'm not mistaken, they don't
just list and so are we getting Binance?
Well, I mean this is our first show.
There is like 1000 plus people watching us live on Binance
right now. Shout out to you guys but like
are we are we going to go are you guys going to listen to what
are we like this is crazy like we got the the we got the the B
poll went BOM ETF. Of course Sims is putting that
on the screen. Let me get you guys this
information here. So gate went right away but
that's you know whatever then Kucoin 6 hours ago posted it
goes oh it's not even live yet it goes like a four.
What's 14 UTC? Two PM, 2:00 PM.
Your time, right? So it went.
Live. Yeah.
My time, Yeah. So it was, Yeah.
It was less than an hour ago. What do we think boys like?
What's like? Did you guys the guy who sent
420.69 sold to this is up to like nearly like 8-9 like 7 to
$9 million? Like, surely this is going to be
one of the most insane returns ever seen.
Right. Yeah.
I don't even want to know what my bag would be worth if I kept
it. I just.
I just like. How much is that originally?
A few 1000. OK, let's not look into that
then. Yeah, yeah.
It's not. Yeah, I mean.
It's OK, yeah. Yeah.
You know you're you're cooking everywhere.
But it's this is I mean. Well, yeah, I mean, that's
that's classic bull market shit, right?
Like everyone, you can just crush on this stuff.
Is that is. Well let's let's, let's, let's,
let's pause on this for a second right.
Like this is the the thing happening right now, the most
major thing happening all crypto at the moment.
Are we going to get like this like meta again like it's
already starting all the scammers are out there, you know
putting presale addresses you know and saying send this to
that it could be dangerous. It's it's both great.
It's dangerous, right? So if someone did an AFD
collection, are they a scammer or not a scammer?
Pardon. I'm, I'm just saying like, it's
an artist who made a coin, right?
I think a bunch of artists here who might be like, oh, I should
I should launch a coin is the last cycle.
They did NFTS, right? They did.
They joined NFT collection. If they now launch a coin, is
that somehow worse? Is that something miss scammer
you think? Like I just think.
What I mentioned that what I meant by that man, there's
mostly like, like there's all the scammers are going to come
out of the weeds for that one. That's what I meant.
I think we're all like questioning ourselves slightly
here though, right? Because it's like why is this
different morally than like what other people have done in the
past with pre sales? Like why does this feel better?
And like, it is weird how it's just like a token standard
basically changes our view of this.
Like this is just an artist who basically did a pre sale and if
that was done by the wrong person we'd be like Oh my God
that's so terrible. But this has been done by him
and I I do wonder like if this cycle will start to see like
people now experiment with shit coins.
Like obviously shit coins are most of them go to zero as do
most NFTS. But there's no there's no like
artistic premise. I guess it's he is pumping out
like memes and stuff but I don't know it's like it's just weird.
I I feel I see a lot of people having like a moral quandary
with this. I think I.
Think it's because what? Do you think of it?
You're an artist. Are you going to drop drop a
Artist token? Please let me know if you do.
Exactly. Everyone wants.
Everyone wants everyone to I. I think you have what you have
to understand is the difference between selling NFTS and doing a
a coin is in the regulatory landscape.
NFTS so far not securities, they they're just like non fungible
and they're pieces of art whatever they are.
But tokens can definitely be securities.
And so when people do this pre sales type stuff and if you you
know if you don't promise anything on the back of it then
it's fine. It's kind of just it probably
maybe is fine, it's like send these to ether's wallet and
we'll give you a token. But, you know, as soon as they
start constituting things like, oh, we're going to go out there
and build a deck, so we're going to.
Promise things. That's where it becomes.
Yeah, but even if you don't promise, we're just all saying
that, right? Like, we just don't really know.
It's all just up to the really just really up to the SEC.
Like what they, well they decide and and go ahead and do because
you're still, even though you're not promising anything, you are
you are basically promising you will return to them a token off
the back of it, right. So you are getting something
that is then a a fungible token is like a a tradable speculative
instrument which is very different to like buying an NFT
which is a piece of art. So I think there has to be some,
you know, a little bit of caution on that, especially for
US based people. And US based artist Please Don't
just think see Dark Farms and think you're going to you should
do that right away. There's a you're right though
about the the standard you guys right by the center.
Because I remember when Gary Gensler tried to come after the
Blaze Cats. Right The Stone Cats.
Blaze Cats forgot Stone Cats. Blaze cats, yeah.
Yeah, it was one of those. And then Hester Pierce or go or
go. Sorry.
Hester Pierce for Chair of the SEC but but you know she
actually wrote an article saying that she disagrees with the SEC
stand on NFTS constituting securities in that we should not
go down that route. So you do make a really good
point when it comes to like the token standard being different
between launching a 721 and the RC20.
Because there is difference. Maybe not.
Everywhere from a legal standpoint, I think people are
questioning even from like an ethical standpoint like like I
just it's such a weird I don't even know what my my answer is
on this. But it is so weird how people's
views of different tokens are like so are so.
I think the views are changing right?
Like you're. Speaking about this even
internally, right, like. Why?
Why?
Is like suddenly shit coin devs treated like pariahs versus
others I think. Obviously there is a lot more,
there is more scamming maybe in in in space, like everyone
everywhere. There's grifting everywhere like
people. But if top artists decide to
start launching their own coins, which may be backed by their
art, I don't know, like maybe we do see a bit more of that this
cycle. And I think we've got to work
out like, is that ethically wrong or not?
Because I think a lot of artists are going to think about.
Doing something let me ask you something, is flooring protocol
and wasabi and all these protocols are turning your your
NFTS into tokens morally wrong? The answer is no, right?
We've seen NFT collections become almost coins at this
stage, right? Like flooring protocol is
literally that. Like flooring protocol is taking
NFT collection and turning into a coin right?
Is that am I I think that's it right.
You like MU it was like MU byc MU Penguins MU this MU that
right. Like same thing like back if
it's backed by art like if it's it's I don't know there's I
think I think this is where like and what I like and and I what I
appreciate about you guys and I think I I'm I'm similar here is
like we're in a we're in a position in this market where
like the holier than thou like Oh yeah NFTS are good coins are
bad kind of attitude is like really does have does have a
place here I think you know what I mean Like I don't know it's
just it's a weird thing you're right like there's like this
moral question between people right now like hey shit like
we're seeing this I don't know what do you what how do you feel
about it over you I feel like you have like a take on this.
I love I. Personally like love the
financialization of art because for me that's like a you know
like two things that I enjoy intersecting but it's not for
everyone and for me it's less it's less truly about like the
morals or the ethics behind it. Like you know there's an
argument to say yes like is dark how different is dark Farms
thing to bendot EAS thing But I think it's very different
because dark farms is has produced like amazing amazing
quality art and memes for a very long time and it's almost like
people are going to that pre sell because like they love what
he does. They're doing out of respect
right. And obviously there's there's no
speculation to it as well as Bendot EAS.
It's not like I don't think anyone in the world was really
like, Oh my God, I'm really respect Ben, dot, Ethan,
everything that he's done in crypto.
People were just going there to speculate or going there because
they're brainwashed. So I think there's even though
the act of what they're doing is is perhaps there's some
similarities, I do think the intentions behind it are very
different. And I do think the reason why
people put the money in is also somewhat different.
I would agree, completely different, but somewhat
different. I think they're different.
Those two are different. But let's say another artist now
comes out and says, hey, I want to do this, is that bad?
Let's say is OK, so like, that's the question.
I think because I'm like, I don't really know what's going
on here. Like why if somebody else now
says, hey, I've seen what Dark Farms did, like, yeah, he's a
great artist. He's been around here for a long
time. It was smart, great timing to do
it. People obviously went in because
they like him, but also they wanted to have the speculation.
Like let's be honest, everyone who put in for that resale was
like this coin is going to do a fucking yeah, we hope this
sounds like. A Dark Farms.
I'm a huge fan of his and my PFPS Dark Farms, but mind you I
did not buy into a pre sell to support the art.
Right, exactly. And if he'd done a piece of art,
yeah, he's not. Like his pieces of art were
selling. Like I think he was getting so.
He's selling. I know, but it wasn't like now,
and it's not like it was trained for hundreds of.
Millions. I know what you mean.
I know it's also really hard to come about dark from art,
because it's not like he he doesn't drop art a lot.
Like, it's really, really fun to come across as art.
I think we're basically going to see a load of artists trying to
do this now. I think we've got to work out,
we've got to work out if if they're going to be chastised
for basically just trying to do the same thing.
From me? No.
From the moral higher ups of crypto art?
Maybe. I don't care.
You know what I mean? I don't think us three are in a
position like we. I don't think we we're the type
of people to like be that like that you.
Know what I mean? I I definitely don't care.
I I don't understand the difference.
I will. Literally.
And that's to reach their own. You can put the opinions on your
own thing here, Sam. So it's not opinions on rug
video. I will ape into every single
presale. I don't care.
Every I see a piece on the timeline, I I'm.
I just put one soul into everything.
I don't care. Because the Open Edition meta,
if you remember that, yeah. I don't care.
Like it hits, it hits.
You know what I mean? I'd be more wary of, you know,
what you what's more wary of is let them do what they want to
do. If they want to do it, like who
are we to like, tell them not to do it right.
But like, be careful promoting something and then it goes to
zero and you're wrecked. So it's mostly on the person
where like the moral thing happens.
Mando, I think is like yo like, as someone with the following
stuff, be careful what you're going to like, push out and
stuff like that, right? I think it's just as dangerous,
if not more dangerous than the person putting it out,
especially if you're definitely wearing your base in your
jurisdiction. That's how I would see it.
Mando's typing his message. Right now, yeah, I would just, I
would be, I personally am a bit cautious on it. 100 percent,
100% anyways. So anyways, let's man guys,
Solana's really going for it. Do we like this overhang on
Seoul? Is we like the whole market went
like, ethis 3700, bitcoin's 68 five.
So I was like 183 right now boys this Are we going to get an
insane meme weekend right now on Solana?
Like what do we think like this is going to get?
We get really silly this weekend, I feel.
What does he guys think here? I think Solana's going to go to
200 very, very quick. I've been saying this for a
long, long time. Yeah.
All of us have been bullish soul for a long time, but yeah.
I I do not. It like really diverged from how
much people were using it recently.
You know, like an OSF really picked the timing on it, which
was once we found out that this FDX piece was going to sell,
like it just became very, very obvious that once that cleared,
it was going to, it was going to move.
But like right now, right now it really does have a strong
narrative for it and the strong narrative is that it's being
used. So like it is and a lot of
different different apps are now moving moving there.
So like it's use case is only increasing.
ETH clearly has bigger TVL over the over it's L2 ecosystem.
It has more users and and use cases but people like this being
on the one chain, right Like like you said like why would I
bridge, I can just be on Salon and that is just a really really
powerful narrative and it's just a very different narrative to
you. So like they can both pump for
different reasons and I think look, it just hit 100 billion
FTV. Oh wow.
So it Wow. So and eats up that 500 billion
bitcoins, obviously over a trillion.
I don't know. I really don't know where this
can go. But like if if I don't see in
the next year, maybe even the next couple, why people would
stop using it? Like remember the next narrative
is here. You've got to think like why is
it being driven and it's been driven by use cases.
And for me that's only increasing right now in Solana.
Like people are using it more and more and more, more adapts
are being built there and it's very competitive from a relative
standpoint. It's it's I think it's even more
costly now than some of the L twos.
But like people prefer it because it's less disjointed.
And then you have the main issue is obviously it went down again
right recently, but then now they have this, they have the
new client in Fire Dancer coming up and that's a very strong
narrative again. So then you get to this idea
that if it if it can go through a period of not going down again
and they obviously get this new, they get Fire Dancer coming up
to make it much more difficult for that to happen.
You can get very bullish like you can get to Raoul Paul level
bullish on Solana if the number of users continue in the way
they are like I don't I don't see this meme coin season just
like stopping on Solana. It is it's wild and I think the
things behind it is in the very cheap transactions allow you to
do a lot of different things. So the long term drivers of
Solana are now going to be users and I think that's only up only
yeah maybe next next. But we we we have another
narrative like maybe Monad comes out or maybe maybe if someone
like say gets to scale and gets a ton of users but it feels as
though they're going to stay on Solana right now.
And I think it's super they've got some of the the the easy on
boarding processes and and things like Jupiter and and you
know and the phone and and all these different things.
I just feel like yeah I I just I think that that can continue and
I think it can continue to kind of push push ahead in terms of
users and and and volume. So I think it like it's had a
very big run. Do I think this is over, no like
not by a long long way. I think this this is a medium
term trend for Solana that that's just my my view on it.
I mean let's talk about and pravjun just you know, I have a
listener of the show shout out to them, tagged me on this and I
wanted to go there parallel yesterday made an huge
announcement and the token went to above $22.00 and to my
surprise you know they've been building on base, right.
The game that they're launching the other game in the AI coin is
going to be on Solana. That is like that is a major,
major, major announcement if you ask me.
Yeah, it makes sense. Huge.
Obviously you need to go where the where the users are and
where the fees are cheapest. And a lot of gaming will choose
Solana because that's where it's happening.
Like, I think anyone who's building anything right now is
thinking, should it go on Solana?
Because that's like, if you're launching on, if you're
launching a coin on anything right now, you're thinking,
well, all the users are on Solana right now.
Should I, should I launch it there or should I launch it on
an L2 or should I launch it? But Solana's winning and I'll
win a lot of these fights, like the ones that don't need funding
because a lot of the L2's Solana doesn't have the the grant
funding that a lot of these L2's are doing.
But the ones that don't really need that and maybe are funded
in a different way, like, yeah, a lot of them will just be we'll
choose to go where the users are right now.
Yeah, I mean, I totally agree with that.
I mean breaking news Parallel TCG will launch their AI powered
game Parallel Colony on Solana. AI agents will be able to
autonomously transact on chain in this entirely new kind of
survival game. This is like, this is like huge
news if you ask me, on the Solana side, because it's just
showing that people are actually going back now, not back because
it's like they left a lot to go back.
They they weren't on Soul to start with.
But it's an Ethereum native company, right?
Parallel gaming, right. Started with the parallel cards
on 8th base. You know optimism now like
building the next. And by the way AI power dude.
Nothing says dreams more than that.
I love that dude. Dude.
Yeah. Hello AI powered game dude.
Like it's like hold on, hold on, hold on, hold on, hold on, hold
on. I got it for you.
Hold on. To be a lot of people have been
had owned prime the token A. Lot, dude, homie.
Like, I'm so happy for Sobi and these and like the people that
believed in like a lot of OG, like a lot of the OG like NFT
crowd, like have been really fucking deep in in in parallel,
man. Like very, very deep.
So you love to see that. Which, by the way, makes me
think I've been talking to the founders to get them on Sims.
I know you listen to this. Please remind me or Bernie, I'm
such an asshole. But I gotta get them on.
I I've been. I'm dying to get them on like
there's such Chad builders. Honestly Like, to me, like I
think some of the best there's been in the space so far.
So they're killing it. Anyways, So that was another
news as well that happened. I see Nate, Alex in the studio.
What's up, Nate and Hang Tanner? Just a reminder, pinned at the
top is a Twitter Spaces link for a new Binance Live listeners.
We are live on Twitter Spaces and that's where we do our
giveaways. So you have to retweet the
Twitter space. OK?
And we're gonna pick three winners today.
Why? Because one is gonna get a
natives WTF, allow this spot and the other two are each gonna get
a $5000 Robit Loot Box bands and all you have to do is follow
FOMO Hour. Follow Robit and follow.
We'll do Nate Alex today. So you got to follow Nate Alex
NFT on X as well. All right.
To the 2600 viewers on video, make sure you move there.
We'll not move there but also get get live on spaces 'cause
that's where we pick and make sure we're to the room.
Let's get these numbers up for the legend that we're about to
get on on the stage. And besides that I mean before I
get to Nate here and and bring him up, boys.
I mean there was pack moon right OV I think did that.
What happened there in the end? I know you're probably more
tapped in than me in that front. It launched.
I know there was some bugs in the beginning.
Normal. That's not a blast.
It's like everywhere. But like then what?
I think it just launched. I don't know really, OK.
There wasn't really a big. I think there are other things.
How do you mean like another $10 million on that?
I haven't. I don't even know how much I
made. I can't.
I I wonder, OK, you can claim it on the AirDrop.
So again, be careful everyone. You know, airdrops, yada yada
yada, you know when you claim there's a lot of scams.
But it looks like the PAC Moon thing that we talked about is
live now and you can now buy it. And the other thing, I mean look
like Pepe Whiff still on the move up with Bloomberg listing
it in the on the left curve side of the space.
I mean did you guys, we all missed Hank like this one token
went to $160 million. Like that is crazy.
Obviously Bowman's still running hot NFTSI mean parallel avatars
running on the back of the parallel news with Solana Prime
is up another 50%. That's not really left curve if
you ask me. That's very right curve.
But it it cooked. Love to see that you know
Avalanche Foundation, you know Speaking of of left curving
announcing again that their their meme coin, their meme coin
holdings Should we? When when is the Arbitrim
Foundation going to do that? I'm waiting.
I saw science chat post about it
yesterday. Shout out to our shout out to
our partners at Arbitrum. But Foundation discloses this is
great. Guys, Can you believe this
timeline? They own some hilarious coins
back. Let's see what they Let's go
look at what they own. You know what?
I'm bringing Nate up. Nate, what's up?
I'm bringing you up for this 'cause I see you laughing in the
in the, in the. This is.
Funny, it's too, man this. Is crazy.
What did they own? What did they own?
Did they? Where did they announce what
they own? Like what?
What? Where's the They own?
It's. Like it's like 5 different
tickers and they all are. So they own caulk.
Inu, we know caulk because they like D like Avac's Checkpoint,
right? Like that's the one.
Like everyone knows about caulk. They own Gecko, Kimbo, No Chill,
and Tech, each selected based on stringent criteria that under
score a commitment to Avalanche and Fair Web Three practice.
I mean this. Are you guys reading this?
The Meme Coin devs have committed fair Web 3 practices.
What timeline is this? That's the.
Great thing. That's the best one, man.
All these different foundations are going to stop buying shit
coins the only. I love it.
I think this is great.
What do we what do? What is your takes on Amanda?
What do you think? I personally, I know I'm
laughing about this. I think this is awesome.
I think this is freaking awesome because they push all the other
foundations to have to. Do you know who it's awesome
for? Me, You, the listener.
Because now all the foundations have to pump her shit bags,
right? And and that's just how it is.
I don't make the rules right. Like what do you think, Mando?
What do you think of what do you think, Nate?
Let's go to you Mando. First OV Nate, and then let's
roll into to to natives and what you're up to Nate.
But Mando, what do you think about this?
Are all the foundations about the pop meme coins here?
I think they will like for a while, like it's very, very
clear that this is one of the best ways to get users on it,
right? So I think yeah, this is going
to be definitely used by all the main ones.
What do you think over here? What do you think about
foundations? The very Serious foundation is
to have monstrous treasuries pumping our our the Meme coin
bags. I mean, it's great, as you said,
it's great for me and you and people like us, but just feels
fucking dodgy, doesn't it just feels wrong.
Something about that doesn't feel sustainable.
It just feels like it's going to end in tears.
Like what you going to do when it's the end of the cycle.
It's a bear market and you're sitting there earning a fucking
shit load of shit coins, right? Like.
It just it just. Doesn't seem like that's not how
I would build a blockchain. Like I get it, you want me
calling activity to drive users, but I think just buying, like
the foundation buying tokens on that chain I don't think
creates. I don't think is is solving the
problem they're trying to solve, I think.
I think it's a very myopic way to do it.
Yeah, it's pretty well, what do you think, Nate?
You've been around for a minute. You've.
Yeah, you've you've lived a few
cycles. Did you once think that these
foundations would come and do something like that?
Man, dude, at this point I you never really know what the hell
is going to happen. It just is always surprising
you. Like I think yeah, there
probably will be copycats especially if they're successful
with their stringent shit coining and you know I think
it's a copycat space. We'll we'll see more do it and I
mean it's good for us and you know to OSS point, I mean it
kind of always ends in tears that's sort of where we go
after. The.
After the big fun part, the you know, the party's just starting.
You know, a lot of people are going to make a shit ton of
money and then, well, you know. I agree.
I mean let let let's you know let's segue.
I mean may as well may as well chat with you about about all
this stuff you've been around. When did you, when did you when
did you join crypto? Because you you're you're an NFT
like OGOGOG, but like when did you join crypto as as a whole?
So it was pretty short. Like, I haven't been in crypto
that much longer than NFTS. It was just pretty much 2017.
And then probably three months after that I was buying my first
NFT. So yeah, I mean at that point,
you know, I had like fucking like $1000 in and I was like
flipping crypto kitties for a dollar or $2.00 and shit.
And it was just kind of like a way to like maybe I can make a
little extra cash and maybe I can make 100 extra a week or
some shit. It wasn't like I ever thought
This will turn into like, I'll get rich from this.
I never really. I mean, I hoped, but I never.
Yeah, that's pretty cool. So let's let's hear the origin
story though, right? Like, I know the NFT Twitter
crowd. Like obviously, like everybody
knows of Nate. Alex I can't wait to talk about
natives and see what you're up to but you know let's let let's
talk a little bit about about about the about the lure.
I know you were on wrecked. You guys did wrecked radio
right. I think Nate Alex was on wrecked
radio before but like what what when like what what what Tell us
more tell us more about like about what you saw in NFTS early
on and like what made you really want to want to get And also I
want to know like what do you see now right.
Like of course like the thing being flooded the most here is
NFTS with all these coins going crazy almost honestly.
Also curious on the conversation we had before in your take like
we talk about artist coins and if this meta gonna be a thing.
Do you think from a moral standpoint like there's a big
difference between the RC 20 and 721, like, you know, let, let,
let's go there? Like what do you what, what's
what's that your thought about the state of the of the NFT
space here and what do you think we go from there?
So I mean I remember you know 2020, I remember going to East
Denver conference, that was my first conference that I went to.
Crypto is pretty dead at this point.
ETH is probably like $250 or something like that and that was
a high from the month before like 2X already.
So at that point I was like one of only like 2 NFT teams there.
Everybody there was focused on D5 and I'm like, I've been in
NFTS at this point, you know, for three years.
Basically what happened in 2018 is I was a noob.
I came, I get on Twitter, I look for the big accounts that have a
lot of followers, 'cause they, they know what they're talking
about, right? And then I I follow all their
shit coin advice. I lose like 95 percent, 99% on
some coins, like, no, you lost fucking everything.
Although it was maybe like maybe at the peak, like 1215 thousand,
something like that. And by the end of the year, I
mean, it's nothing. It was literally just dust left.
And then I I borrowed against MY4O1K because at this point
I've been collecting NFTS and I knew there was something deeper
and like kind of stickier there. And I'd I'd cashed out all of my
shit coins for 90% losses into EVE, which also lost 90%.
But I knew that it was like, this is the platform that
enables NFTS. This is actually, there's
something bigger here. So I I borrowed against MY4O1K,
bodied with it, and this is at the bottom.
Do like $8090.00 like fuck yeah, I mean, got lucky maybe.
But anyway, so so Fast forward to 2020.
I'm one of the few NFT groups there because most people just
didn't believe in them. They didn't see any future for
them. And we've.
I've seen this before we saw it. You know where people go, Well,
you don't need a token or you don't need an NFT because a shit
coin, That's just a shit coin. With the picture of this a shit
coin, you can just do the shit coins and you know, I see that
and it goes in circles. Like generally speaking, I think
that retail, when they come in, they don't come in as jaded as
we are, they don't. It's hard for them to look at
something that literally all of us except this kind of a
valueless but fun game to play for them.
They're like, why will this be big?
And they're like, OK, this, they may become the next Nike or
maybe this will be the next Picasso.
And that's like what I think retail tends to kind of
gravitate towards. And that's why I think NFTS
became so big whenever they came in in a big way after Top Shot.
Yeah it's it's really wild And so the top shot era was crazy I
mean pretty much fair to say. I think top shot started a lot
of the run obviously mixed with $69 million sale of of of Beepos
one of one you know stuff like that kind of help on on a
catalyst level. What do you think?
What do you think where how do you feel about now?
Like you know of course, like you know I think on the crypto
art side it's the lowest felt sentiment wise.
Correct me if I'm wrong, but it's feeling very low from at
least my standpoint. Like when I'm reading on the
timeline. ETH NFT specifically is very
like on the grim side right when the face of it like the board
ape like E that everything goes sub 15.
Of course punks for me will always be the face of Ethereum
NFTS, right? It's different, but you know
that also like you know to the retail like 2021's really board
apes and stuff like that not looking well.
Of course ordinals are different narrative, I think so long NFTS,
even different narrative. But how do you feel here about
the state of like a theorem ecosystem?
It's NFTS right now. We I mean it got over saturated
there's it's not really a high bar to launch like the kind of
what I would consider kind of a basic NFT where you know and
this is kind of the playbook that people realize they they
realized you can hire an artist for $20,000.
You can hire a smart contract Deb that can clone a contract
not do anything fancy. You can hire somebody to build
your front. You can hire all that stuff out
for pretty cheap and if you can like kind of just be a project
manager and build a little bit of hype on the timeline using
like engagement, farming tactics, all of which you know,
we know some of the the techniques that are used, you
see them, you know, like tag three people and shit like that.
You can kind of snowball a successful sale of $1,000,000
for not a lot of work and not a lot of overhead.
And that happened. And that's why there's a fuck
ton of NFTS 'cause people saw that opportunity and that's why
now there's just so much supply and people are confused by what
is good and what isn't or or like what may be around in 10
years. For me, you know, and I know
most people don't have the patience to think about 10 years
like you. You know, you see like auto
glyphs in 10 years, people will still remember them.
They still will care about them and they will probably be even
more valuable then. So there are winners in there.
I just think what happened is people didn't really understand
them and they were building them and they were pushing them out
and people that were collecting them didn't really understanding
them and all the a lot of the talking heads didn't understand
what they're talking about. So just it just was a massive
bubble. I I really, really, genuinely
believe that there's like an art renaissance happening here.
There will be pieces that we get to collect that in the future
people will be like, I can't believe you were around when
that fucking launched. I can't believe you bought that
for 1000 or even $10,000. That stuff like that is gonna be
created and be we're. We have the opportunity to
create it and to collect them. And I think that that is what's
really kind of special here. Yeah no that's a that's a that's
a really good take I love that So let's talk about what you're
up to then because you're not giving up on ETF NFTS you're not
giving up on it natives. Natives have been dude you
you've been talking about this forever on the timeline now what
what what is going on what what is what is natives NFT Nate Alex
and of course thank you so much dude for for for all this course
like considering both our communities are rock radio and
rec guy in in that I know Bernie had to do all of that in the
back end and and and to like winners which is super cool.
Like on our like we really made sure to pick people that are
active people who want cold who want to add value.
Like he he went deep you know and and to see like you know who
are like really the most active loyal community members so that
they can really support what you're doing.
But like what what's natives what's what's happening.
I love the brand you're all you're really good at this
stuff. You're really good at all this
IDs. I've learned a little bit over
the years. I mean, I've done a few
projects. I feel like all of them had
their weaknesses and and honestly all the ones that I've
done before I launched them, I felt like I I should do
something about this and with natives.
I'm not going to say that it's. I mean it's it's easily my
favorite project that I've ever created by like so far it it is
like the aesthetic I think is good.
I think the the story the way the the mechanisms will play out
and work. I I really think that it's going
to be unique and people who experience it are going to be
like wow I I genuinely didn't know you could do this with
entities and that's that's like my that's my goal.
I don't want to like think about well is the floor price going to
be 100 either one like that'd be great.
I mean, coming around, that'd be fucking awesome because then
people would be like high fiving me on the streets and shit, but.
Like or not on the way down, because there's always a way
down, right? You know you're high fiving, you
know every top project on 20/21 and they're they're they're
destroying them on a timeline now.
So careful what you wish for. The hero for a little bit.
And then it's just so like with with natives, I really wanted
to. There you go.
Go on. Sorry, that's your website doing
that sound. You know, I I want people to
notice it. So that's why I like the
marketing is kind of in your face.
I'm not trying to be like overly like engagement for me with it.
I'm just genuinely trying to share stuff because there is a
lot of stuff here. I mean there's, you know, there
obviously there's the ETH NFT, there's the Bitcoin ordinal, the
the monolith component, there's the game, there's the physical
piece. It's like there's all these
components that I just, I don't think you can do like 50.
There are 100 tweets with like every fucking detail.
Nobody's going to read it, no or 10 people will read it like.
So the best way for me to do it is just slowly kind of share it
over the course of what I've been doing the last month and a
half. And still I know people are
still missing a lot of information.
And I'll, I'll wrap it all up and I want to make sure that all
the information is out there. I want the you know I want to
show an example of the monoliths but I can't show what they will
look like because they depend on what you do in the game.
So like so the monolith I'll just say is basically you play
this mini it's it's a game social game experience.
It lasts for up to 9 days kind of depending on how your your
tribe does. But the monolith starts as
basically nothing. It's just in what the stuff that
you do is what kind of creates the piece.
I mean we've we've kind of dialed it in with the smart
contract level, but it creates all the JavaScript and the HTML
for the for the piece based on what you're doing.
So if you're like being super greedy then that should be
reflected in your piece. If your tribe is just absolute
shit and you die off early, that'll be reflected.
So like there's it will feel like it should feel like kind of
an artistic representation of your life in the natives game,
like that's the goal. So it's it's quite a bit
different than what I think people are used to.
I know people are more used to like, you know, you launch and
then you make promises like this.
What we're going to do when we get the money?
For me, I just, we're just going to build everything at the very
beginning before we launch. So that way everything that I'm
saying will do will have already been done and it'll all happen.
So when do we get to like 2 questions?
Of course. I love the website and that's
what kind of been going viral. Like the the size of the names
from what I picked up is. Oh, actually Hook Mando is
picked is based on the size of your account, though I was told
that it was actually on the size of.
Anyways, so so the other names, which I didn't know that you
could click on them on the on the account and it leads
directly. I do them.
So I love that you did that. You integrated them.
What's that? What's that little like?
Check on next to some names. So the check is that we have
collected your address. Every person on the list I've
personally talked to and have invited and they've suggested
it. It's not like I just put big
names on the list and then I hope that they'll participate.
Every person I've talked to here, But I haven't gotten
everybody's address. For some reason when I, like,
started the process, I didn't think that it would be smart to
collect the addresses. I thought I'll just circle back
and get them. And that's like, well, I planned
on us doing like a Twitter authentication thing.
And then it just became like when we looked at all the scope
of the work that we still have left to do.
It's like, fuck it, I'll just pick them up manually because
I've got to go through DMS anyways.
We don't have time to like and and I've been told that that's
actually fairly easy, but I there's still quite a bit of
work left to be done if I'm being honest like quite a lot
we'll get there. But my my planned date is like
basically end of March, late late March and that's the
timeline we're driving towards. I think that we'll hit it, but I
basically will just be working non-stop and until then, which
is fine. Yeah, that's that's sick.
I need to collect you, Mandal. You got to send this manual
address. I think OSF you too, because we
didn't have, we didn't have that.
We didn't have our check mark next to our names on there.
I just checked. Very.
I I got to get you my Farouk dot ETH you know.
I think I actually I saved OS, FS Mint because Nate was like
OSF hasn't replied to me and I was like oh don't worry about it
I think. Actually.
No, we got, we got, we got three rec guy, Mints.
I gave him. We gave him to the rec guy.
Yeah. Yeah, but you didn't want to
answer him. You did not answer him.
I put him in the chat with Bernie, OK?
And then we got the wreck. I meant OK, so shut up burn dog
who asked me to ask you if he can get a list about himself.
But but anyways, anyways, it's true.
I told Knight. Alex come on the show and he did
say OSFOSF not Amanda. OSF did answer his DMS, so get
your shit together OV OK. He was one of the first people.
To respond actually and but I I think what had happened is for
some reason like I had there there were two lists and they
got merged. Some people got deleted.
I'm like I know I gave OSS a spot and his name's not on the
fucking list. Did I give him a spot?
And then I'm like, we we have like this list of people that
said they they had a spot and for like OSF he was on there and
it was like the reason why it's like, well, he's he's OSF.
Like we're pretty sure we gave him a spot and some other people
were like winners of like community comments and stuff but
the merge fuck some shit up. Hopefully people aren't going to
be too disappointed. I wouldn't be surprised if two
or three names slipped through the cracks unfortunately.
I I mean it's it's been a heavily manual process.
I want to be the one to invite people.
People are like just have somebody else do it.
I'm like, well this is like my like personal very, very
personal project. I want to you know throw their
hands for people. I think that they feel the right
way to do it. Yeah, fill you on that.
You know, you know, yeah, I saw your tweet about that, dude.
It's just. Yeah.
Fuck, I don't know, man. I I get that you could have
somebody else send them out. It just doesn't feel quite as
good. Like if if your assistant goes
it. Still feels less authentic,
right? It's like it's not really.
Yeah. Yeah, I agree with that for
sure. Yeah.
It's it's like for both of us, you know, not the whatever, but
like we have a big audience we can sell out, We can generate
hyper out almost anything that we're going to create.
Even if it wasn't good, we we could still do that.
And so like for this it's not about like filling out the list,
it's not about selling out like that is kind of trivial at this
point. It's more about let's select the
right people who I think will have the right audience, have
people that will participate and people that can, you know,
understand and enjoy it. I'm looking forward to it.
I'm looking forward to it, man. I'm.
Excited. I'm excited for anything you do
because like you're just genuinely like such a cool dude
in the space and you've been around.
Hopefully the avalanche Foundation buys your your your
moon cats at some point. But like oh sorry the Ethereum
Foundation. But you know like I just, I just
think nada likes like one of the coolest people in the space and
it's probably like a lot of people coming into the space
that are probably like oh why is this getting a lot of attention?
Why is there like 1000 likes per tweet on the natives WTF posts?
Because this guy has been given back forever dude.
So like, you've been collecting fire shit, your OG in the space,
OG, Punk, autoglyphs, whatever you name it you've been there
since Day 1. So it's it's really cool to see,
to see what's going on when, when, when I I just saw time.
So we got to go to the giveaways and the robot spins.
But like when? When is this expected to go
live? Like is there anything you can
give us? Like what should people like
expect now? So I'm I'm going to announce the
price pretty soon. My hope is that people will look
at it and go, that feels like pretty great relative value.
I know that if I did like a Dutch auction, I could maximize
this in other ways. I that's not really the focus.
I I want people to feel like, Oh yeah, fuck yeah, I don't 'cause,
you know, some of the, like, I don't want to go too deep in
that. But I'm going to announce that
pretty soon. I'm going to announce the date
pretty soon. I'm going to share the what the
generative art outputs actually could look like, the monoliths.
I'm still kind of finalizing that design, but I've got
something that I think is really good and that, you know, I I
think about it sometimes. I'm like, why do I do this shit
to myself? Why don't I just do something
fucking easy, just make the generative art and and just sell
it at fucking whatever when it would sell out.
And I could do like 90% less work, but I hope that this extra
effort and work will make it worth it.
But I'll, I'll be sharing hopefully basically everything
that you would need to know before meant probably within the
next week. And then you'd have at least a
week to think about it if for some reason you felt that the
value wasn't there. Yeah, this is this is going to
be exciting, man. Like for everybody listening,
make sure you follow Nate Alexander.