Oh, yo-yo, yo, what up, what up? Good morning.
Good morning, GMG baby. Friday.
Oh yeah, it's a green Friday. Thus for you obviously.
Love to see that. March 14th, 2025.
Look at that. Another beautiful day.
I missed 2024, but for my own reasons.
It's a beautiful day to have a beautiful day.
I got my coat. I look, it's it looks.
It's a date. It's just us.
It's. A date today, Tyler.
Tyler, good morning. How you doing today?
I am good. The blood moon is behind us and
it's a green weekend. You know why?
Saint Patty's a very big weekend in the city of Chicago.
We died the river. Same here.
So we're going a couple parties tomorrow.
Yeah, fuck it, let's go. Me too.
Fuck me. I'm going to go.
I'm going to get lit. You just get.
Yeah. Hell yeah.
I didn't, because Montreal is the second largest Saint Paddy's
Parade in after New York or something.
Like it's that big. Maybe less big now, but back in
the days I knew it was known as like the second largest Saint
Paddy's Day parade. Fuck.
Yeah. We're going to pop up.
Hell yeah. I'm going to text the boys.
Fuck paddle. We're playing paddle on Sunday.
I'm fucking. Let's go to the pub and send
starts with AP2. I didn't know that.
Oh hell hell yeah, I like. That all over pickleball, by the
way. Yeah, dude, it Imagine calling
yourself a man and playing pickleball.
I was talking about this with my friend, or I mean, sorry, under
60. If you're over 60, you have a
bad knees. I don't want to blame you.
I don't want to. So I didn't mean to shame this
morning. It's funny.
So I've never played pedal because I used to play squash my
whole life growing up. So I was like 3 years old and
then I retired when I was 17 at the top.
You know, you got to retire when you're when you're hot.
And no, I got into law school and then my life sucked.
But I, I'm a racket guy, racket sports guy.
And I never tried Pedel, but I just love it because like the
mix of tennis and squash, like face to face, I love it.
Have you tried it? I've played, yeah, I know it's
big up in the the suburbs that I just moved to, so I'm going to
get deeper into it. So it's a.
Little tolerant. Cashed out baby house in the
Subs play Fidel, Wifey's got a new Range Rover.
OK, I made that up but. We're going back to reality
because my kids are still finished in school downtown, so
we'll we'll be back so you won't see this beautiful backdrop.
I love it. Dude till the end of May.
I got to send you one of the one of the faroque plushies there,
one of those guys. I want it.
OK, I'm going to send you one. I got I got I got to send box
one for his kids. I got to send you one.
Your kids are going to probably end up taking away from you.
Actually. When you got yourself a punk,
did you have to buy wifey something like is that did that
work out or do you guys share the punk?
I'm. Not sure she knows about the
punk. She doesn't listen to FOMO.
Hour. Unless we're working in the same
room, she's typically not listening.
I love that. I I love that.
Yeah. Vanessa just can can just hear
me. She just can't hear you guys.
Anyways, today on the show, you know, it's funny.
Vanessa will check in on me sometimes.
She's like, so like, how are your coins doing?
I'm like, you're fine, fine. Like you still have that much
money. I'm like, yeah, yeah.
It's no, actually it's less, but it's not because we don't have
the money. It's just like we only lose if
we sell it, you know, like, listen, like I still got my
Sonic, you know, I didn't sell it.
Like you get to hold the spot. I was happy this morning.
I you. Haven't sold.
I was happy this morning because we woke up.
I woke up, it was at the price where my last DCA was like $0.55
because after 50I I'm the guy that kept buying the dip and
kept dipping. So it was it was tough.
Anyways, yeah, everyone, yes, Yonder padel is Adele with AP
That's it. Yeah, exactly.
You know, rolling in the deep, you know, rolling in the deep.
We love Adele around here. Anyways, I'll just show market
report Tallis up 100. It's just taller.
Nice. So we're going to fuck around.
So about some myriad markets. Let's go back towards the the
markets. We didn't talk about the wallet
connect stuff yesterday. We wanted to go deep into the
numbers. So we got alpha for you today,
so you could potentially make money on the show by catching
this alpha. We launched a new Fear and Grid
index this morning, Tyler. So let's talk about these
markets. Let's fuck around with them.
Let's have some fun. And then and then we'll pick a
winner and someone's going to win Cryptopunk today because
we'll just give you the code right now.
The code is greed rafflebot dot XYZ.
The code is greed. And no, not after Dave Poitner,
but after the fear and greed index market that was just open,
which we set at 30 this morning. I think it's a good line, but
we'll get to that a little later.
Robert loot box playing blah blah.
And as usual, this show is powered by powered by galaxies.
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Tyler. Let's go right into this, Tyler
on FOMO, our calls, the kids. Can yeah, we got some
interesting headlines here for For starters, crypto majors are
actually outperforming stocks here.
So majors are green today, despite what was a very bloody
day for US equities yesterday. We hit intraday lows and stocks
not seen since September 2024. So we are at about 7 month lows
that stocks did open green this morning.
It looks like they are maybe reversing here live as we speak.
So we'll see how the morning goes.
On a from a macro perspective, it looks like the US government
shutdown is probably not going to happen.
So that is a little bit of an ease.
The Ukraine Russia war seems to be cooling down perhaps maybe a
little too soon to trust it, but progress is good and we talked
about the Scott best of comments yesterday where he's saying that
we can avoid a recession. So three pieces of good news
there to give us some into the weekend looking at more crypto
specifics shouts decrypts Sander breaking the news.
He got the scoop, folks. Require as much Bitcoin as
possible, according to an official in attendance at the
Crypto Summit last week. So we'll talk about that.
The SIMD 228 vote. This was the vote to reduce
Solana inflation, folks that failed to pass.
Oh no. Issuance will remain the same.
I think that that's a little bit surprising.
I am surprised that it didn't pass.
We saw Trump's world liberty five.
They bought $100,000 worth of say on Thursday.
I think that was their first pick up for Say Circle, their US
yield coin. US YC is set to launch globally.
This is offering tokenized yield as collateral with expected
yields in the four to 5% range, which would be pretty
competitive. At the same time, Blackrock's
Biddle token, similarly backed by U.S.
Treasuries, has passed 1 billion in assets.
So that is seeing some pretty big success.
Senate Banking Committee approved the Genius Act.
That's the bill aimed at regulating stable coins at the
federal level. It's now on to the Senate and
Coinbase. I think we made sure this at the
end of the show yesterday, Coinbase announced that the base
ecosystem group will launch on Echo, Kobe's Echo power, the
future of start up investing on chains.
That actually is a very cool use case for crypto.
They want to get into that a little bit in tokens and
protocols. Marriott launched a new
integration with Wallet Connect yesterday with 150,000 WCT
tokens up for grabs for predictors and questers. 5 new
markets. We'll take a look at those.
Another new money market launched here this morning as
well. Fear and Greed Index over or
under 30. So that's going to be a fun one
to sweat. Hamster Act came out.
Maybe their hand was forced share some stats from the first
month after that's we're going around 30 million transactions,
900,000 users, $1.85 million in revenue just for the top five
apps on abstract, 10 million in Mt trade, not a bad first month.
We saw Moon Pay acquire stablecoin infra firm Iron for
$100 million. Telegram is what we don't really
talk about the Telegram ecosystem that much.
So their wallet has been updated to offer multi asset trading and
yield features. So that is a a story to keep an
eye on. And then hyper liquid cost 1
trillion in terms it's a big, big number for them.
So I think that is a a large milestone.
Let's see rounding this out across AI memes and NFTS and AI
virtuals announced its first virtuals ACP Hackathon $100,000
in prizes for those who built the best autonomous AI agent
businesses that is Co hosted by base and Stanford so.
Some. I love that.
Nice. And memes.
Coinbase made a surprising move to list Dog and Me I.
Know it was like 10 months later again.
So that that thing 7X on the listing news.
So that was big for holders. Sam Spratt, two big pieces in
the news or three. He announced the winners of the
masquerade, the mass all revealed.
They open up at around A4 four and a half feet floor.
And he also announced that the Mass of Lucy series is headed to
the Toledo Museum of Art for this, which will be his first
ever art exhibition. So shout out to Sam for that.
Wow, we have a lot to talk about this morning.
So it's good that you and I, it's just you and I and that we
have time. We missed Mando, you know,
Mando, wherever you are, you know, I know you're living your
life in, in, in, in, in Portugal, having a good time,
you know, drinking Porto. Maybe he needed a break.
Anyways, where do we even start? I mean we could quickly talk
about market, but I don't really feel talking about market too
much this morning. I know about you, but just don't
feel like it, baboon. 83 K 1900 a 128 looking OK, right?
Looks like we bottomed or not bottom, but we keep bouncing the
80K of Tyler. Even yesterday during the show
we were dumping to 80 K. We did not make it under 80K, so
that's a good sign. Don't want to call bottoms not
the type. No tops, but ADK has been
holding so far. Yeah, it's an interesting one.
Taking a look at the market, it feels like everyone's kind of
like holding their breath, like waiting for something.
Yeah. Yeah, kind of, you know.
I will say it, it felt like crypto was going down ahead of
stocks, and then when stocks started going down, of course
it's going down too. Along with it, I am happy to see
some relative strength here. Bitcoin holding up pretty well
at this $83,000 level. It's near term against what
again, what has been a bad day for stocks?
And I think that it, it really is starting to hit people like
when I go to social gatherings, like when I'm, when I'm talking
with friends, even my wife who doesn't really follow markets on
a daily basis, like she's saying like, are stocks ever going to
go back up again? And it's.
Crashing the stock market. So people are starting to feel
this. You know who we got to ask?
Because strippers. That's the index.
Or we can ask the the you know, in in crypto is the other way
around. The the crypto version of
strippers. Creators like you and I, when
creators go back and get jobs, you know, I have to go and
create a full time in the bull market.
That's when you know, you know, there's a recession.
Sorry. I mean, yeah, yeah, actually
that's a good analogy. Yeah, I'm actually pretty proud
of that one. But but yeah, strippers.
So if, if any of y'all single man or ladies want to go to
strip club this weekend and ask a stripper if how their business
has been, if the title has been booming, we're not a recession,
we're good. You know, it's true.
It's true. It's.
I think that index was a was a leading indicator like I think
it was. They were telling us this was
coming. You shared something good this
in the chat though on the market.
Then we can move on from the market because it's going to be
a, you know, low liquidity weekend could go both ways.
So we never know. And there's so much again, just
trading headlines like we were talking about yesterday.
But you said something with credit.
You said that the polls, that was pretty good yesterday, yeah.
I was trying to find that. I found it.
I found that. I got it, yeah.
So this is our this is our daily helpium.
Welcome to the next segment of the Daily Hopium presented by
Tyler. This is not my area of
expertise, so I am taking this this post at surface value here.
But basically what they're saying is the credit markets are
typically the first markets to signal that a downturn recession
is coming. And then when you look at the
data you Scroll down here for, OK, it actually looks like the
implied probability of recession is the lowest in the credit
markets of all these different markets.
So it, it looks like in their terms that this is a, a broader
perhaps overreaction for equities and other asset classes
than it is in credit. So the credit markets don't,
they're calling this bluff. They, they, they don't think a
recession is coming. So you heard it here first,
folks live from Jeff Dorman. Let's go Mr. Dorman, let's see
who Jeff Dorman, 81, is. So he clearly be his CIO at ARCA
Archives, an investment firm offering special money, blah
blah blah. He's ex Lemon Brothers, Merrill
Lynch, Citadel digital Assets investing, former CEO of Harvest
Exchange, blah blah, huge Cleveland sportsman.
Is that bullish or bearish? Oh shit, I don't like that
answer. So let's not, let's not ruin the
whole PM say let me post this broadcast link.
FOMO, our FOMO, our intern is the offering to sacrifice
himself for science. So from while we're intern, if
you want to go to the strip club this weekend and and figure it
out, I'll I'll give you 100 bucks.
Here you go. You want to you want to just out
from while we're internal, I'll give you 100 bucks and then is
that enough? I don't know how this works.
I'm not going to lie with inflation, is that a lot like
what's the required amount minimum that you need to walk
into the strip club? I don't really know them.
Tyler's definitely looking up. Wife is definitely in the room
right now. Right, so all that stuff.
All right, so in other news, Tyler did it.
Where are you going to go today? There's I feel like there's been
quite a bit. Yeah, let's start with the
decrypt scoop. Yes, let's do it's been I just
don't want to say something about this.
It's so awesome because ever since we got the hard pass, I'm
glad that we made, you know, Sander Blotz, our our White
House correspondent on the crypt side, because he's just sucker
such a great writer. I mean, if you've been crypto
long enough, you know Sander, because he writes some of your
best, your favorite articles. And if you don't like, you
should definitely follow him because he only has like 2000
followers and like everybody should follow him.
I'll share his his account on the screen in a second, but he
was crazy. I'll tell her now that we have
the past, everybody picks up the phone, you know, and it's really
cool because it allows us to have more access and also like
get these scoops that he's getting and, and it helps
because it's really good news. So anyways, take it from there.
Share the news with us. It it really is a big deal like
our our literal Co workers have a Direct Line to the White
House. So we are sharing real crypto
news in real time from from some of the biggest powers in the
world who have a huge impact. So this scoop here live from our
colleague Sander. A White House official revealed
that the Trump administration is aiming to acquire as much
Bitcoin as possible. I believe this is coming from Bo
Hines, who is the executive director of the presidential
working group on digital assets. So he made the statement during
a closed door round table with some of the crypto industry
leaders and he basically compared it to like EU s s
desire for U.S. dollars. And it's like like we want
dollars and like of course we want Bitcoin as well.
And they want to figure out ways to do it that are, and I'm
quoting budget neutral that don't cost taxpayers a dime.
So I think the more ways they can figure that out, the more
paths they will have to accumulation that actually get
approved by a bipartisan Congress.
And this is one for me, the signal I'm taking from this is
actions speak louder than words. And this seems to be a
continuing priority for Trump, even though it it may not be
something he's talking about on a daily basis, it does seem to
be a priority. We're seeing some other actions
that that are in line with that. So another piece of news from
yesterday was the Treasury Department has already met with
several major crypto custody firms how they would secure a
strategic Bitcoin reserve. So these are the types of
conversations you have in advance of actually putting this
in place. That's a huge positive.
And then we saw earlier in the week, Cynthia Loomis, of course,
she reintroduced the Bitcoin Act, which authorizes the
government to buy 1,000,000 Bitcoin over five years.
So I don't know if that's going to pass.
I think certainly we'll have to this more budget neutral method
that Bo Hines is talking about, I think has a much higher
likelihood. And if that's via mining, if
it's maybe via selling gold, I don't know all the options on
the table. Selling gold is a little tricky
here because from a macro perspective, gold is
outperforming. Gold is at another all time high
at $3000 an ounce yesterday. So gold is.
That's crazy digital. Gold right now.
So a gold unless you sell the top.
Sell the top on gold. Perhaps what will be the the
rallying cry, but more more hoping for a Friday.
Now look at this gold chart. I see everyone's trading.
I saw some of wow this is a beautiful chart.
Jesus Christ what the hell isn't Bitcoin supposed to look like
that? I guess Bitcoin zoomed out does
look like that, so we can't really complain, right?
Like when you think about it, if you zoom out on Bitcoin, well,
not like that like that. I meant I meant on the yearly,
you know, like on the yearly Bitcoin chart, you know, if you
look at the yearly Bitcoin chart, you know, but if you look
at the really Bitcoin chart, you could believe it goes back to 69
K, So I'm just going to zoom out a little less.
What's the? Three-year.
Chart let's just go to the year a weekly.
There you go. That's a nice chart.
See that's a proper bottomed out weekly chart.
You know, knock on, knock some wood.
But anyways, you know what, as some traders, I was silver.
I mean silver also is like oh wow it ripped.
Wild. I wish you could just can you
like long these things on like? I wish like, for example, like
you could log in like these changes like gold and silver,
you know, look at this, isn't this beautiful?
Isn't this a cup and handle Bang Bang?
Looks pretty good. Silver, it's almost time to sell
your your chains in your in your, all of y'all.
I know you have like special gold bricks and silver bricks
hidden in your cupboards in your bedrooms.
So it's almost time to sell it for Bitcoin.
Anyways, what else did we have? What else?
Do we have custom we should talk about, NFTS we should talk
about? I wouldn't work there.
Let's do a couple more macro stories and then we'll do it
deeply dive into some of the NFTS.
So I this the circle coin is very interesting.
This this US yield coin here. I can send you the the press
release on this one. So it is so Jeremy Lehrer shared
the news yesterday. USYCUS yield coin, it is set to
launch globally. They got some licensing approval
from Bermuda, the Bermuda Monetary Authority.
So I think that's where this is effectively going to be based
and regulated, but they'll be able to launch it globally from
there. The the idea behind this is it's
a tokenized money market fund designed to provide investors
with blockchain based yield bearing asset primarily invest
in short term U.S. Treasury bills and they're
highly liquid assets and the aim is to offer stable returns.
And the yield we're talking about here and we don't have
exacts, they're not like advertising yield numbers as far
as I know. But typically this this type of
a product would return 4 to 5% so.
I. Again, the reason this matters
is if you're thinking about holding USDC like you're stabled
up. Now you've got US YC as an
option, right, where you can be still fairly stable capture 4 to
5% yields and of course on chain that there there are ways you
can get higher yield than this, but you have to this is
interesting. This is more interesting, I
think for folks who are, you know, if, if there, if we get to
a situation where you can get higher yields than you can in a
money market account, you know, this is where you could perhaps
attract more capital on chain and capture a slightly higher
yield. So you think it's it's big and
we're, and we're seeing more growth here, of course, and
BlackRock doing the same. Their, their Biddle token is, is
fairly similar. So I, I think we'll, we'll
continue to see more and more of these and just it's a way to
bring more capital on chain, which which is a win, I think
for all of us. So that was a big piece of news
also that this Coinbase announcement.
Let me see, I'll send this to you.
No, I got it. It's the Coinbase echo thing,
right? The reason I think this is cool,
maybe we it just kind of comes back to a broader conversation
about Echo, but like I'll just read the TLDR from Coinbase.
The future of start up investing is open and on chain.
By becoming a group lead on Echo, the base ecosystem group
led by Coinbase Ventures will unlock broader and more dynamic
capital for builders on base. And a common question or common
like negative sentiment around crypto these days is like, so
like, what have we built this cycle?
Like? Like what what is crypto doing?
Like what does it have to offer the world?
And access to start up investing is very difficult for the normal
person to to have to find to find pass for it.
And Echo is is providing that. Right.
There's a chance to, to get in normal people have a chance to
invest early stage rounds for companies.
They can do their own due diligence.
I think going through echo, you feel like it probably has some
common endorsement already to some degree.
And now we've got more big players kind of like signing up,
endorsing on their own. So I, I think this is a huge
positive and, and one that gets overlooked a lot by all the the
folks who just love to be negative and say we've, we've
got nothing to to show for the last four years.
I think this, this is a great product.
Yeah. It's great.
I'm definitely exploring it, just looking at different areas.
I know abstract as a syndicate on there too and they've used it
to raise small capital, like up to like 100 to 50K for some of
the projects, etcetera. I think Red Guy originally had
done a small echo around and a few other projects.
So it's smaller now. You have obviously this is it's
not new, right? There's a lot of like stuff like
that, like I've heard of Legion and a few others, but Echo is
like Kobe's thing and I think echo could it's like they all
have their different ways, fees, etcetera.
I've been looking into this a lot lately on the myriad level,
because I'm like, how do we make sure that it's the most
democratic way for everybody to have access to a really cool
product that's like buy CT for CT like that, You know what I
mean? So it's like some I, I look into
it every day. Actually, yes, I was talking
about it internally as well again.
And so I, I think it's great. I'm a big fan of Echo, also a
massive fan of Kobe, but I, I think it's, it's, it's a really
cool way to like just raise capital.
It not only is it good for companies to raise capital, but
also it's good to democratize access to, you know, your
investment to people. But what is yet to be proven is
are those people long term holders or are they just going
to like sell the second dev chance?
So I'm really curious over a long.
Time. Yeah, so you don't know yet.
And that's not an echo, right? You just don't know yet what
what how they're going to turn out.
So I just, I just love that. I just love the idea of
crowdsourcing. I mean, remember back then like
all these like Kickstarters and all that stuff, like it kind of
that's kind of like how it all started, except it never came
with like equity, right? It's like, oh, you got, you're
going to get your like you Kickstarter for a watch and you
get just like a watch, you know, now you get tokens and maybe one
in, in equity in, in in some cases here if you're a credit
investor. So I like it.
I'm a fan, I'm a fan. I love that.
I can't wait for a day. You're able to just raise a fuck
ton of money on chain and actually give out equity
straight up, right? Like NFTS were a good first way
of getting money, but obviously for securities purposes, you
couldn't just give out equity. You can give out tokens in the
form of ERC 720 ones, let's say, or 11:50 fives, whatever.
But this is the next version of that.
I think Mega ETH did it pretty well.
They raised what, 10 + 1,000,000?
And then they raised through their NFT, which is an SBT, but
it's going to have a allocation of 5% of the total token supply
across different NFTS. So the fundraising world is
changing yes, in a drastic world, a way and I fucking love
that as a founder. So I I'm just trying to I'm I'm
cooking, you know, I'm trying to find ways I'm generally trying
to find cool ways to approach this for Marriott in our company
in a way that many people can participate because, as you
know, like our the token allocation is going to go like
let's say quarter of it to like rugged radio holders, the
genesis NFTS, but like I want to find a way to also bring in more
people and also the on echo. It's a good way to to market
it's free marketing in a way, right, because then you have all
these people riding like piling up behind you.
So it really reminds me of NFTC then a lot very well fundraising
world back to ICORI. Yeah, like I talk about this a
lot also behind the scenes, like we and I think a lot of people
have shared this sentiment online.
I almost think we're going to go back to like an ICO stage, like
bring back IC OS now the regulations being like loosened
up and we have framework coming, but like not the scummy way.
Like a lot of IC OS were super scammy, like E OS and all that
shit. What if like there's an ICO that
is like really well done with the proper product and the
proper team Tyler like that could forever change.
Like I mean, Ethereum was an ICO.
What am I saying? Like like arguing with the most
successful ones. It's going to happen is TRICS
what $0.15? So if you got an easier my
scale, you're still good despite right now I know the ups and
downs. We're like, yeah, you still like
you still money right? Like I know I was talking to
someone yesterday bro they bought a half $1,000,000 of ETH
at a dollar. Yeah, that's insane.
Yeah, that's fucked, but I don't know I.
I think this is real true. I think this is something we can
be really hopeful for that under.
If you know your pain thing, you were excited about pain.
Sorry, I think it was like you were saying about pain, right,
but imagine pain, but like with the company that's like
established with a proper product that's been launched,
and that's you know what I mean? Like imagine pain, but like with
us, I'm not saying we're going to do it, but just imagine like
I'm I'm just kind of thinking out loud here, So don't get
overly bullish, please fear holder for your partner.
Maybe I don't get overly bullish and excited about what I'm
saying. Like here is like baroque the
creator talking rather faroque the founder.
Like I'm just like thinking like just imagine on that level how
cool that could be. I think it's coming.
I think we're we're going to get the regular clarity here in the
next one to two years. And then I do think we'll have
another ICO era and hopefully with the, the framework in
place, we have better outcomes. So I think it's one that the the
biggest it's like almost like North Star is not the probably
the the right word, but I think it's one of the bigger new
products slash verticals to to be hopeful for.
Yeah, I agree. I totally agree.
I'm I'm, I honestly like for me, like you would ask me like what
if someone was to ask me like what excites me most about
crypto right now? This isn't like it's just
building apps, but also like how to like democratize access to
those apps cause NF TS were the way and actually kind of want to
stay with NFTS. Now that we're talking about
like I saw Wally's post, like NFTS were better than meme
coins. I agree with this because we
talked about this already so we don't have to rehash, but like
believed in something. It was a cool way to like
outsource, you know, brain power funds everything.
Rug radio would have never existed.
You and I would never be hosting this show if it wasn't for NFTS
because literally rug Rito started as an NFT men.
We minted out 19,000 NFTS at .11 each and then the rest is
history. You know what I mean?
So if it wasn't for that, like none of this would have
happened, none of it, no myriad, no decrypt merger, absolutely
nothing. And I find that amazing, you
know, in essence. So I don't know, bring him back.
Speaking of which, NFTS aren't dead.
Tyler, you've been sharing some stats.
Abstract NFTS, abstract NFTS. Those are killing it.
Masks. I want to talk about masks.
Gorgeous. Shout out to Sam Spratt.
I was in there when you guys hosted him, but big fan of his
art. He's a fucking cook.
Those things are selling like 4 E three said.
So let's let's recap me like what's happening in the world of
NFTS these past days, because I'm seeing all the usual
suspects tweets about NFTS, Beanie Arctic, you know, Danny,
you know, Tyler, everybody's tweeting about NFTS again.
I love that. Yeah, I mean, so the crypto
punks have had an another nice week and we saw a hoodie punk
move, saw a few move in like the 50 to 60 ETH range the last few
days, the four holding up at 38.5.
So it is underperforming bitcoins because the Bitcoin to
8th ratio went to like 40. Yeah, but punks are are
definitely staying strong. I think the the biggest news of
the week still has to be from Sam's Pratt.
So the masks came out. They revealed yesterday along
with all of the the the three winners announced here.
And I'm starting to see these on the timeline and like Sam is
highlighting, you know, some of the masks one by one.
I'm seeing a lot of. They're so nice.
Seeing a lot of the skull holders share theirs.
I don't know man, I'm biased. In disclosure.
I've got two of these so I I was in there.
So I market bought 1 yesterday. I tweeted it out this morning.
Go take a look at the one I bought.
Damn. It's growing on me.
You bought Athlite and I was, Yeah.
Oh, I saw this. I didn't see it was you posted
it. I was like oh wait this is nice
and it's like kept scrolling. So I'm a fan.
I'm biased. My well, was I hoping for me?
He was, I was chatting with Anonymous and he was comparing
these to grifters and he thought that the masks would be a
stronger collection. And now that we have them, I I
think. What's the?
Collection, and I think the masks are This is not a diss on
X copy. Of course X copy is a legend.
He always will be. Don't do that.
But like if I think if you compare these on an individual
basis, I I think the people will prefer the the art on the mask.
Can you help me find the collection on open See I want to
show it on screen. I only, I only look at it on on
nifty because that's. I know it's just taking forever
to load for me, I don't know why.
Oh, there it is. That worked.
Yeah, so there's so Roger Dickerman won.
Shout out to him, Ikaitza and Pablo music.
And they each got, you know, the winter masks.
Do I go to marketplace? Is that what it is?
Yo shout out to Nifty Gateway because all the other
marketplaces closed doors or like that or like pivoted to
something else, right? You know like Maker's place like
a lot of known origin shut down after Santa eBay.
Actually they got nice exit liquidity there.
Super. I think now it's really just
focused on private sales. If I'm not mistaken, they did
the good vibes club collaboration.
Actually, we should talk about that too because that was cool
pivot, but Nifty Gateway pivoted to something like this.
And I think this is a great pivot.
Like in the hard times because NFT mark art marketplaces got
decimated, you got a pivot. And I thought this was a
honestly stellar pivot. So I want to shout them out
because that was smart. And people may not know like the
the mechanics that were required for the the masquerade.
So you had. So that was an incomplete mask
actually. So this is a person who didn't
complete their observations. And I guess my read was the
incomplete masks were going to be bad.
And then of course Sam isn't going to do anything bad.
So like they're actually pretty awesome and actually like some
of the. Incomplete.
I love the incomplete mask because it stands out right.
But no, I want one man you. You better F and buy one.
This is all I'm going to say is like I I've seen, I've never had
things that you bought over the last six months.
Shut up, Tyler. This is better.
This is. This is the the best art
collection to drop in 2020. Wow, they're beautiful.
How many are there? 613.
Man, I love the incomplete. You know my ass's going to buy
an incomplete, Not bats. Get out of my you know what
bats. What are bats?
Cats coming out, dude. That's a good question.
Yeah, why don't you go back and launch Bats, Cats instead of
trying to get me to spend $4000 this morning?
Closer to 7. 113 I see the I see why you're comparing the
grifters, because you it's not from an art perspective.
It's from a a supply artist all that stuff in a bull market.
I don't see why these are not trading at grifter prices.
By the way, if we're talking trading, I know we're trying.
Let's separate art from trading like the trading side like
right, I agree with you on that front and from the art level
man, this is fucking gorgeous hold great.
I love the incomplete. On getting one of mine hung for
the new house. You should get a physical 3D
printed. Yeah, you got to find the best
way to do that. Or you get like a wood Carver
like wood got like a proper woodworker.
Probably takes time to make it for you.
Also, from a utility perspective like there, there's probably
something else coming like this kind of how Sam does things this
is. Sick.
Is that a real mask? Yeah, yeah.
I haven't seen, I haven't, I haven't gone through the whole
collection. Yet, where do I, where do I see
the listed ones out here? I'm not going to.
I'm not going to buy one on the show.
OK, I'm going to wait a little bit.
OK, OK, I didn't realize. OK, 8. 4000 dollars 8K not bad.
So there's there's only one under 85.
Didn't actually. It's $9000 for it pretty much
because yeah. Wow.
I love the incomplete Tyler. I don't know why.
Who would have thought the incompletes would hold the
higher floor? I was actually worried they
might like weight down the floor but.
You know why typical like behavior like, oh, it's
incomplete, it's special. Like the the reverse psychology
thingy, you know, like there's. Less, you know, but I, I want to
pivot back to the one-on-one for a second, then we'll come back
to the mask. So the one-on-one, the actual
one-on-one piece, right, which is going to be this exhibit in
Toledo along with the masks. So part of like what Nifty
gateway had to do all those observations.
So everyone who got a mask had to make an observation like they
had to select a part a a physical spot on the one-on-one
to leave their observation. Then they had to go and leave 3
replies to other people's observations.
And then they had to come back and add like a final conclusion
observation to their own. So.
So that's what made this such an interactive piece that was all
captured on chain. And.
That's like those comments will be viewable.
So I don't know exactly how it's going to work at the exhibit,
but in theory as people are are looking at the one of one,
they're going to also be able to like read through people's
comments, which kind of. Acts.
Hard itself. So I think that's pretty damn
cool. And it's also pretty cool to
think like that the masks that we own are also going to be.
Bro, sick because Toledo did the Atreta last time.
Love you. I'm a huge fan of the Atreita's
art. And now they're doing, they're
doing it was Sam. I'm trying to find the original,
the one of one you're talking about.
But Sam has had to retweet a lot of people these days for the
better. But so it's going to be hard to
scroll through his page to fight it.
It is. Hard to well.
Where did Tyler go? Oh, there he is.
Wait, what's what's going on here?
There we go. OK, fix quickly.
The code is greed Raffle bot. So someone asked how do you win
a crypto punk? You go to raffle bot dot XYZ,
raffle bot the XYZ, the sign up shit, and then you hit and wait.
Did you see that, Sims? We just switched to underexposed
branding. It just happened.
I don't know, but I didn't click anything.
Me neither. Literally it's all blue and
there's no more sponsors on the bottom.
That's so funny. Look, this is all blue.
Hey, we switched. I don't like our our stream yard
just switched to the underexposed.
Yeah, look at that. Welcome to another episode of
underexposed. This is your Co.
This is your host. Tyler did it.
I'm joined by Jeeves and Peter Jennings and Deese.
Let's go. Anyways.
Wait. Even my screen stops sharing.
Hold on. This is weird.
Hold on something, dude. The skulls, dude, I'm telling
you this. They're alive, bro.
Dude, it's the skulls, man. The skulls.
There's more to it. There's something going.
It's Chris that just all started with a free skull.
You know the whole, you know this back story, right?
Of the skulls of Lucy? I don't know if I know the the
the origin. This is a test for you.
OK, I'll tell you. I may, I may botch it.
But basically, you know how he had like his first pieces of of
super rare, like it was a few pieces that were one of ones
Basically every single person who bid on his one of the pieces
got a free version. Got it.
It was a thank you. It was a token of appreciation.
And it was just calls, calls of Lucy and those went to are now
like $200,000. So it was a free, it was a gift
as a token of appreciation from Sam to his collectors for
believing in him. So even from the first bid, So
from the guy who bid $15 first on Super Air, literally to all
the way the person who lost the bid to the person who won, he
gifted them all calls of Lucy. And those are the ones that I
don't know how much they are now, but I know people they were
like, you know, in, in the sixth highest, like, you know, 2300
grand. I I remember OV bought one for
like 180 K or something and there's only 49 of them.
Oh there's only one. First time it's $2,000,000 so
you can't even buy them if. You want?
Yeah, they're totally liquid. Yeah.
And then the IT went from skulls to the player cards, which was
the last kind of interactive event, I think back in 2022,
maybe it was 2023, but but there was no events in 2024.
And then the Masquerade. Yeah.
So. So this is shout out to Matt,
shout out to Sam, shout out to Sam.
Man, honestly, he's just always pushing the boundaries forward
on the I saw this post about how he also just had a kid.
You know, he did this whole thing while having his first
born seven months. Like the whole process has been
like building while like he's had to like obviously raise his
kid. As quickly, he also, he did all
613 of those masks live during the mass grade, which was like a
two or three-week period. And I think there was some
questions headed into it like, OK, like how much time is he
actually going to be able to devote to each of these pieces?
I think everyone is pretty damn happy with the results.
So he clearly read everything and designed the mask like one
for one. So really, really cool.
Wow, this is this is this is great good for Sam speaking.
I mean let's let's tell the topic of NFTS.
You know, we have the art side and then you have of course,
this is art as well. But Speaking of good vibes, I
mean shout out to good vibes clubs guys.
I mean look, I didn't I didn't get to mint it and I I saw they
made me an honorary and they shipped it to me too.
So I really appreciate that. So I just want to really thank
them on the show. It's one of the better
honoraries I've seen come my way, that is for sure.
Let me share it here while I'm at it.
I wanted to share it before, but you know, I'm I'm scarred from
2021 like every tweet, honorary shit sells out.
It goes up, it goes down, then I get blamed for for you know,
fucking pumping, dumping the thing.
So I do want to share it now that's sold out and already went
to X Yeah, it is. It is.
It is really nice. This is my honor.
You like it is like it would. Be like a good little bobble
head. I kind of want to make it IRL.
It's like a with a wax figurine or something, you know, like
that, you know this like it's really nice.
And I think it's either that or someone sent me a mint and I
just saw it revealed. So this one right?
Is that rare? I don't know.
It says send it. So it's very on brand for me.
You could argue it looks like me just needs a pipe.
So there's that one. So these are doing good.
Tyler, did you follow that Mint? I I missed this one but I've
seen a lot of folks chatting about it on the timeline and I
think it was 2X for mentors roughly at these prices, maybe
more. Good for that, man.
Look at the training. It's good.
What's up? I don't know what it meant to
that, but they're doing good. The people seem to like it and
it's appears this was a collaboration with Super Rare,
right? Oh OK, I missed that aspect.
Yes. I'm yeah dude so look super rare
so oh man the Internet is so bad.
I'm so tired of this man Sorry we just paid so much for
telecommunications in Canada and stuff.
Shitty Internet. I think this was a collaboration
with super rare if I'm not wrong.
Super rare good and if there's always someone in the audience
to correct me. So it was a porno 69 mint Damn
boy. One O 1 revealed.
Look at that. I think it was a super a
collaboration. And this is a super a sweater in
there, which was really cool. I see there's a super a hoodie
here. I can't wait to see myriad
traits when NFTS are back on people's collections.
Last cycle was crazy. Everyone would do like Rugrato
traits and stuff in the stuff like a fur oak trait in the
collections just like that. And I thought that was really,
yeah, it is a super a collaboration.
Thank you, Lukey. I appreciate that.
Yeah. Yes, people seem to like them so
they're having fun with it. Good vibes, literally.
What is it at point see I one thing I say I know open C now is
all in dollars. It pisses me off.
I want to see the price in ETH. I'm used to seeing.
What's $263? I don't know.
It's like .13. OK so it's two XI think it was
even .2 at some point so good for them.
That was nice and you told me how rugs are doing good.
I don't even know I don't I. They're the they're top three
mover on Blur. I checked this morning.
People still use blur? I I still do.
I haven't swapped over. My muscle memory hasn't gotten
me to open C yet. Oh wow, good vibes Club is first
here. See open C should really list an
ETH. Man, I really think we should
denominate an ETH and not dollars like I like when the
dollar sign was in dollar in parentheses.
Yeah, we'll text Devin. Filter by one day the third
column. One day we were top mover, then
nice Yeah good good shit. People should be buying Rugrito
NF TS. I mean, I I think I'll need some
alpha earlier. So trying I'm just so fucking
locked in. I mean, I know, you know, we're
all locked in, but yeah, I mean, those are good, but it's a slow
cook, you know, like just take your time, you know, don't don't
don't buy our NF CS thinking something's coming tomorrow,
because it's not. We're going to really be taking
our time. I've been getting all the
questions lately, Ty. Like when token, I'm like when
time comes, you know, when time comes, you know that when the
time when time first, like I said on the show, I want to show
that we're capable of driving significant revenue volume to
myriad. Speaking of which, shall we?
Let's get into that. Yeah.
Let's take a look at some of these markets.
Do you want to start with the new money market you.
Want to start, let's talk with Wallet Connect because I knew
you did the research that to all connect our, our partners.
And then I want to talk to you about what I was talking to you
and I went back and forth on time about how this is such a
good advertising model and I freaking love that.
So why don't we start with the Wallet Connect markets here.
Just so you know, we already have 1500 people in the
leaderboard predicting, sorry, 1556.
So we picked up like 60 people are in the show that are
predicting all that to win a total of 150,000 wallet connect
tokens. So, Tyler, why don't you take us
to that? Because apparently you've done
your research. And listeners of Underexposed
would have had first access to this data.
So as a part of our weekly update, I shared some of their.
Numbers. So wallet connect growth in
February, so wallet connections were up 16,000,000 from 240
million to 256. So if that pace continues, you
want the yes side of this. Now there's a couple factors to
play, but. It's 36% down.
March seems like a slower month so far.
It's also a full 10% bigger from a pure number of days
standpoint. I'm taking the yes.
So yeah, just talking that through, I think I like the yes
side on this one unique wallet. So this is another data point if
you want to pull back. To the OK, so I took the yes
because 36%. So that's these odds.
If I lose 10,000 points, Tyler, you owe me 10,000 points.
Yeah, good luck. Good luck collecting that.
Oh, you can't transfer these fucking points.
All right, next one. All right, so unique wallets
were up five point 1% from 38.7 million to 40.7.
So do we have? So here the lines are 42 to 4442
all. Right, so this is total.
Yeah. Let me let me see if I've got
those. Give me a SEC here.
Total unique active wallets connecting with Wallet Connect
in March. All right, so they, they got to
40 million in February. Oh oh, see, that's the tricky 1
though between. OK, I'll take this.
I'll take the easy route. I'll put another 10,000 points
towards between 42 and 40. 4I think I went over 44.
OK, what are the options on that one?
Pull pull back for me? Let.
Me pull it back for you here, here, let me zoom in for you
here. OK.
All right. I see where you're at.
Yeah, those are. Maybe this was better 44 to 46.
I'm going to also take that one. The beautiful thing of a
production market is that you can take multiple.
I'm going to head you here. So 5%, if they keep the 5%
growth, they'll be right in that between 42 and 44.
So I think that I believe that is where I've been meant to go
take a look at. Yeah.
The other alpha I've got I think is on the stake on the staking.
So they're up to 127 million WCT tokens staked?
Which one here? Total WCT tokens unique stakers?
That's 65K to 70K. You have a number, Do we have a
total number of tokens on that? No, OK.
There's a Doom dashboard. The good thing if anyone's
curious we have. We always link resolution
sources because we have to. There's 64K right now.
Got it. So oh the IT goes to 70 though.
What's the growth rate? Yeah.
So you need 10%. I'll take this.
I'll take the easy route here. I'll take that one.
I'll invest 10,000 points in this one as well.
I mean my points don't count towards the leader board so it
doesn't even matter. I can just fuck around.
I'm not allowed to win. Who made that fucking CEO
fucking Locksley? I'm not even about to predict in
USDC. Bro this is.
Both. I wonder you have the the Dune
dashboard links right there. That's.
Yeah, it's good, right? And then you have the growth
rate of new apps using Wallet Connect in March, which is also
in the report here that you have to read.
So you know, like, here's it forces you.
So here's I'll tell you why I like this.
So you made a post yesterday about this and I commented on it
saying why from a media angle, I really like this.
And if you want to, if you're listening right now and you're
trying to partner with us, or even if you're a, a consumer, a
listener, a participant, I was, I was breaking this down
yesterday, I truly believe. And I was talking to this on the
phone with Elaina Locke this morning because we're so
excited. We talk all the time about this
like I, I think we figured it out, Tyler.
I think we generally built the perfect flywheel for me to
company. I genuinely believe this in my
heart of hearts, 50 years in this business, I think for the
first time of my life, I found the best thing to sell because
think about this, we sell partnerships.
It's no secret that as well connects to the sponsor of ours
and the partner of our company, right?
Clearly. So this is a paid activation,
right? User gets a chance.
The user, the user always eats last in these in these in these
partnerships, right? It's usually like, oh, the
creators make money, they shove adds down people's throats.
They make actually fuck all in this, right?
This time around, you have the user gets the chance of getting
tokens, rewards and prizes and participant in ecosystem.
So even if you don't even win the leaderboard, you didn't get
tokens, you're going to get points, right for for for
participating, right? And down the line, hopefully
does he make token ecosystem where you're going to be able to
get rewarding tokens from Myriad, right?
We generate revenue. So therefore the company is able
to be sustainable, build Marriott, etcetera, because it
costs a fuck ton of money to build what we're building.
And so we also get users because we tap into wallet connects user
base. And you saw it's massive.
So when with when they share our stuff in these markets, we also
eat some of their user base, which is great.
And then wallet connect, the client is happy because one,
they get more users, but also they get proper advertising.
And it goes back to this number 1500 people that are doing the
research on the market, which is what you brought up to me
yesterday in your reply saying like people actually like dig
into that. So I think it's so, so good.
Yeah, you're, you're getting a, a better connection to the end
user because they have to spend some thought power.
I'd like they have to do a little bit of reading.
They have to dig in and understand, you know, what kind
of momentum Wall Connect has. And then in, in theory, ideally
you get a, a a percentage of those users who didn't go down
the rabbit hole and, you know, learn, learn a lot more.
Yeah, Yeah. I'm a big fan.
So we're going to be replicating this.
And the beautiful thing about this is, so this is a 2 month
long market, but it doesn't have to be 1 at a time.
So we're going to be replicating this model across the board with
so many different companies and brands, but also like community
markets like we did Red Guy and Pudgy.
I'm excited to run the Azuki one finally.
I'm excited to run like all the different ones again and again.
So it's really good and the product is amazing.
Speaking of the product, Tyler, I know we're short on time, but
let's talk about this. USDC markets real quick
yesterday and start with the F1. So yesterday, yesterday night
for us, which is morning in Australia, was the F1 Leclair.
Oop, I'm sharing the wrong screen.
Leclair scored P3, Hamilton P12. This bet is on Ferrari's the
podium at the 2025 Australia GP. You only have until 5:00 AM E
UTC tonight, so one more round of of quals to put your
prediction. How you feeling?
Are you on that one? I am.
I'm on, yes. My read is Leclair's going to
get third. I think he's going to come in
exactly third. I think that's how Ferrari
podiums. But I will say if I don't feel
like I don't feel great about it, 65%.
So I'm I'm up like 10% on the bet, but I know at 28 as a soft
hedge, I don't know. I need to think about that
today. It's a decent odds just because
they've gotten team and like it's a it's a new environment
for them. Yeah, 100%.
Love that. And then the other markets
quickly in case you got to drop at 11, we got 4 USAC markets
now. We just opened a fear and grid
one before the show last week. We're over under 27 this 25 this
week. Fear and grid index at 30 or
higher on March 18th. So that's one we're including
Monday. Yeah, that's an interesting 1.
So it's at 27 right now. Right now, Bitcoins up 2% today.
It feels like social sentiment has recovered a little bit.
My read is tomorrow or tonight's reading will be at 30 or higher.
So this totally depends on what happens Sunday, Monday.
Like are we going to have another Sunday Monday sell off?
If so, I like the under. If you think we're going to
buck, that trend is probably the over and I'll say like 30 is the
right line. So I meant to think about this
one a little bit. I don't have a strong read on
which side to bet yet but I but I'm I'm certain I will have
picked a side here. I need this Ferrari cash so I
can get this my capital back. Yeah, hell yeah.
The 30s tough man, The 30s a tough one because you know,
clearly it's going to be higher. It's crazy like this was never
this vaulted. It was 45, then 27.
It's for sure going to be higher today above 30, but you never
know. Like you get the Sunday, Monday
dump and everybody thinks we're going lower again.
So I love, this is my favorite market.
We're going to run it a lot. And then we have another market
which, wow, whoa, people just slammed this yes holy Bitcoin
above 80 K on Sunday. You're you're a Bitcoin quant
got got in my ear. I got shaken.
I'm on the under. I hate, I hate myself.
Dude, I should have put said that line 82 now damn 82 would
have been a bigger sweat. I think Bitcoin's pumping right
now. Oh, look at this.
I'm. Taking a lot to go sub 80.
Yeah, that would take a while. And then the last one is a pump
fun one, but that ends right. This is not looking good.
This is not looking good as pump fun revenue is significantly
lower. But they just introduced chats,
so maybe I pumped the coins. And hey, if that was the, but
hear me out, Tyler. That was my thesis the whole
time. If the market turns around in
March and Solana's looking up to the 130 and the market's looking
better and we get a few runners, two more quizzes.
What's Puiza? I didn't manage to catch the dip
like. 33 It's like kind of chopping.
We'll see if it. 46 What are you talking about?
Wow, you were. Supposed to tell me to buy this
dip. It hit the one I wanted.
The last time I checked was was was more than two hours ago.
Brother this is like the best chart in crypto right now bro
like. That Let's go.
They are big con beta. I bought the.
Dip. I bought the dip again.
I think it is Bitcoin pumping please.
Pumping, see if tweeze would mark a high or low.
I I saw it at 32 yesterday when the markets were falling.
I was like, OK. Tyler, I'm disappointed you
didn't tell me you're buying the debt.
I'm hurt because I had the capital this time around.
I was like fuck it I'll buy like 1020 grand of this thing and
just not even look whether it goes to 0 or not.
I telepathically got you to describe Tweeze's Bitcoin beta
and you're still bullying for for you.
Not you did you did fuck it's my fault because I had this chart
open all day yesterday someone had closed it and I didn't catch
it because that was a nice price to buy it.
Congratulations and dip buyers. You really you could have caught
like 30 mil easily. Wow this does look good.
So listen this pump fun market is interesting.
We're about to hit $100,000 a volume.
We our first marketing 100K actually Bitcoin one what we're
looking at 7000 traders almost so some good numbers here
married markets. Pardon. 500K this weekend.
Yeah, we're going to hit five $5000 this weekend because this
one is just picking up like it's only $4000, but this is going to
hit $100,000 volume probably so and then we're probably going to
launch more markets, which is really cool.
So it's a. It's going to be a lot of fun
anyways anyways, anyways.