Meow, meow, meow, meow, meow. The whole fucking day.
You know. Meow, meow, meow.
Wake up, wake up, retweet, meow, meow.
Oh my God. What the fuck is going on today,
man? Oh oh meow God yo-yo yo-yo OV
yo-yo yo. You should send this MF for King
movie. Can you please send this MF for
the link if he wants to come on video Yo-yo yo.
What's up with yo-yo yo, Good morning.
Good. Morning meow meow GMGM.
Oh my. God JMJMJM.
G meow, G meow. Funny.
Funny, bro. It was funny.
It's funny. It's funny.
I thought yesterday was going to
be crazy, OK? But yesterday was nothing.
Today was crazy. Like like, Oh my God.
Yesterday. Yesterday.
Kind of 100%, right? I mean, I, I, I, I, I mean, I,
I, I, we, we we try to think out for, like, ages, right?
We can't know what's gonna happen, right?
But today, Oh, my God, all the farting.
Holy shit. I'm like, how'd they come from.
Holy shit. Oh, my God.
So crazy. Sorry.
Go on, go on. Anyway.
Hey, guys. Hello.
How's it going? Hello.
Listen, I'm not even gonna do
the usual intro here today. This is why I ate $300,000 into
Jupiter yesterday. That's my founder.
No fucking way this. Way, dude.
You show the receipts, bro. We are apes over here.
We don't fuck around on this show.
We don't just talk about. Shit.
Oh my God. Oh my God.
This. Is my founder.
No, not if that is, not if that is true.
We're going to meow together for a long time if that is true.
I'm a I'm a meow with you. I am like the biggest.
You're going to ask everyone. I'm the best community member
there is. OK, so.
Are you a good meow though? Are you a good cat though?
I go cat. I go.
Can you meow? Well, I I think you can.
You can. You will meow pretty well just
now. I think how about your radar
meow. So you know what I'll go first.
I'll go first the. Great, The Great American Show.
So let me. Let me meow.
First you tell me what you think about.
It OK. No, no, no, no, no, no.
I'm going to close. Don't tell me who me.
I'm just gonna. That's gonna not see any test.
No, no. Let's go.
Yeah. OK.
Go meow. OK, Got it.
Meow. Meow.
Got it. Oh, OK.
I know it. The the the third one, then the
first one. The second was lame, man.
The winner. I don't know who that is, but
the winner take a reward. OK, yeah, something.
Amazing, I get. The winner get the rewind.
That was me. Faroque.
Yeah. Awesome.
Fire. OK, cool.
Awesome. All right, cool.
Cool. All right.
OK. Guys, guys, I I I got, this is
fucking fun. But I got something Laura Shin
at in 20 minutes, right? So come on, man, Hit me, hit me.
Come on, Come on. OK.
We have 20 minutes. Yeah, fuck yeah, let's.
Go. We'll fuck you up.
OK.
First question. Let's go.
Yeah, let's go. OK.
So first question though, do you
want to come on video? No, no, not OK.
No video is fine. Yeah, I I think I'll do it next
time though. Are you guys on video?
Are you are you guys on video? We are.
We're on stream yard. Ah, fuck.
All right, so let's do it then. Let's go.
Oh fuck. Let's go.
Oh, OK OK0V 0SF. You don't even follow me,
motherfucker. Fuck.
I was gonna follow you, bitch. Just tell me, OK?
No, no. OSFOSF follows me.
I said send me, send me. Shit.
OK, Yeah. I sent.
Me the link. Meow, yeah.
Yeah, OV already sent you the meow link.
Meow. So.
So for everybody who wants to watch video, we're about to post
the broadcast live on on Twitter right now.
Sam's about to give it to us. We're also live on YouTube, but
we'll show you the broadcast. We're going to get it any second
so everyone can come and join us on video, but you can also just
decide to stay on audio and hang tight.
There he is, There he is. Oh my God.
Yeah, just mute. Ain't a friend.
Hey, guys. How's it going, guys?
Oh, my God. Hello.
Hello.
Hey, hey, let's go. Hold on, can you lower your
volume on your phone? Oh shit, I forgot about.
That Wow, it must be late in Singapore, right?
No more phone? Let's go.
Number four. OK, no more 4.
Let's go. He he threw his phone.
Away. Let's go.
Fight me out. Let's, let's go.
Come on, let's go, guys. Come in here.
Come on. Give me a bath.
Let's go. Let's go.
OV you were going back and forth with me, out you just go take it
on. I'm going to share the I.
I appreciate all the response. I guess the question I had was,
I think I think the thing that came up about it was like maybe
it wasn't so clear that the objective of the of the DLMM was
to raise capital and maybe it wasn't, maybe it was just like
this is the LMM. We have it for seven days.
It provides liquidity, but I think you know if the end
outcome is that like there are net buyers and then tube ends up
with like whatever a ton of USTC, it kind of like acts as
like a fundraiser, a capital raise.
I mean I think you answered my questions in the pretty clearly
in the replies, but just for everyone listening like how did
you guys think about that and what's the kind of objective
behind it etcetera? So I I I feel like first of all
thanks. Thanks for taking the time.
Right. You know, to ask questions
versus like. No, no, really.
Seriously. Looks like we so many people
just tweet random shit, you know?
Right. I really, really appreciate that
you taking time, right, to ask questions.
I really, really appreciate that, Right.
And and part of the reason why I come on, why I come on now is
because I really appreciate you taking time to ask questions,
right. You know, So I want to just make
sure that I spend time with you guys to kind of talk to, you
know, Right. Cool.
All right. So first of all, the reason why
we don't really think of it as a token sale per Southeast is
because there's a very good chance we don't raise anything.
OK. It sounds, it sounds crazy right
now, but but the the, the, the way, the way it works, right,
it's like it's first and foremost a bootstrap and
backstop pool. OK.
Now what does that what and what does bootstrap mean?
Bootstrap means that we're trying to actually have
liquidity of time at a low price, right?
So people can start buying early, right.
And then what that means, it means that means that people can
start dumping too, right. You know and you want and you
want that because you actually want a smooth like price, price,
price graph, right. You know versus having super
erratic you know stuff right now and then and then on the other
end, right. And then and then and then on
the end is a backstop pool, right.
And you see that happening now by the way, right.
You see that actually we actually because guys, guys, one
thing remember here is this, OK, people talk about like all the
fathers talk about the fact that like you know we might end up
100 million in the pool, right. But that's hypothetical.
What's actually true is that, like, right now, at every single
second, right, you have people claiming millions of dollars,
OK, And just dumping it, right? That is true.
OK, so now guys, think think about it, right?
So it's like literally, we have no idea what's gonna happen.
OK, Right now we have some right now we have some level
confidence, right? That right now it's not that
confidence that, OK, it's going to be probably not .7, but
probably .6 and stuff, right? You know?
But the truth is that we don't know, right?
We don't know. So it's actually very different
from a tip. And remember, seven days, OK,
seven days of dumping, OK, seven days of people going, Oh my God,
I bought, I bought a Juke. I shouldn't have bought a Juke.
Let me dump on this shit, right. And guys, you know what's crazy
about this thing? What's crazy about this thing is
that, like, if you bought a Juke, you probably bought the
Max you bought you at 70 cents 70, OK?
And today you can sell at $0.60, right?
You lose like $0.10. It's no big fucking deal, right?
So it's like, so it's literally, yes, seven days, right?
So for example if if you know if I end up in crazy right I I get,
I get naked, I run around I run around somewhere right.
Dump Joop, right. You know then they can still
dump Joop no problem right now. So it's like there's no way in
hell, right. So so the the first and foremost
the reason why we don't, the reason why I I guess I don't
think of it first and foremost as a sale is because it's first
and foremost a desktop pool because we don't get anything.
OK. Unless we show that unless the
token actually holds value, right, you know, for like 7
days, right. And there's no guarantee by the
way, There's no guarantee, you know, like so.
So that's actually important, that's, that's the first thing,
right? And again, we don't know, right
and and and and then so and then secondly, secondly and secondly,
we don't actually know how much you're getting, OK, people throw
the people throw around #100, a 150 million as if it's a as if
105 million, whatever as if it's a finality.
We don't know, right? We could end up with like any
honestly earlier today, right when the thought was hitting
really hard, the price was going like this all the way down,
right. You know, there's a very good
chance we end up with like 50, you know?
Which by the way, guys, I I hate to be, I hate to sound crazy
here but if you if you do A7, if you do like A7 billion, 6
billion FDB protocol, 50-60 hundred is not such a big deal
number, you know, right. I mean, I mean, I'm just saying
I'm not, I don't want to say that right, because it comes
because it's weird. But I I find it a little bit
annoying to be honest. But but, but, but I think the
point that we don't know, right. But earlier today it was like
the thought was heating really hard and it looked like might go
away to 50 or even 40, right? You know, So in that case it
wouldn't be if it hit to 50 for example.
In a sense, right? For example, Right.
That means that the the pool would be about 50 milliliters CC
roughly, right? According to the curve, 50
million CC, right. So we don't know, so, so we
don't know what it's going to be, right.
So basically I think if we wanted to do a token sale,
right, I guess for example you guys, you guys from the Mango
Mango IDEO. Mango markets, yeah.
Yeah. Yeah.
So, so that is the token sale, right.
They have X amount of tokens in, X amount JC in, right.
And then under they they then then after the token sale they
take the USDC out and then and then the and then the token hits
open market. Yeah right.
You know and whatever happens and you guys from a parrot, a
parrot, parrot, parrot, parrot, they did it.
It was crazy. It did two rounds of mango, one
round mango, round mango, right. And then the the, The funny
thing is that the the first round sucked up a lot of demand
and there's no demand for a second round and but hit open
market there was no demand at all.
Just die, right. And so so in this and then
sending mango, sending for mango or somewhere in a slightly
different way not so bad, right? But for our case it's very
different, extremely different, OK.
We literally put everything out there at the same time as open
market, right? And it's there for seven days,
right. So basically like, OK, I mean,
what I was going to do, I'm giving everyone first dips,
right? And And first of all, I'm giving
everyone first dips, right? I am first of all, like #1 you
can #1, is that like #1 is that like you as a agile farmer, you
get to dump, right? And.
And you get to dump really fast, right?
And then you and you you. And not just that, you get a
dump on the very first block and up to seven days, right?
That's always liquid for you to dump right.
And then sending for you if you buy remote you buy too early and
go fuck oh I don't buy too anymore on the dump you dump too
right. And thirdly and thirdly is this
right like if you're a buyer right now here's here's a crazy
thing right now the psychological effect actually
very huge by the way right. If you go if the if the token
goes like this right. You know due to like but just
guys just to just just to guys know what happened right there
was literally a bottle right. Sorry, can I hear me?
Yeah, yeah. Yeah, yeah.
Yeah. There was a bottle, right.
That created 10,000 accounts, right, on Jupiter, right.
Traded like a very small one on each, on each account.
And then and then he took a 2 million joke, right.
So for one hour straight, he was pulling out the.
He was pulling out drawing and dumping one hour straight, you
know, Right. That was like one that was like
$2,000,000 worth, you know, of joke, right?
So I mean, like, imagine if that happened, right?
You know, without the pool, the, the press hang like this, right.
So as a buyer you don't feel good as well, right.
And then say you're always erratic supply and the
performance and again Jupiter is not doing a $2,000,000 or even
$50 million air drop. We're doing a like 67607 hundred
million air drop. There's a lot of selling demand,
right, you know, right. So basically I think, I think in
summary, I think we, we tried to create a situation right,
whereby we had enough like demand channels, right, whether
it's sex, whether it's sex, because we wanted to make sure
whether it's on chain or auction, right, to create enough
the demand stuff, right. To create a system whereby there
was enough like enough like enough incentive for users to
come in early, right. You know, because it was priced
like slightly below the per price.
And lastly I think and lastly I think I do and last thing I say
is this I do, I did make some mistakes, OK.
I think the first mistake I made is that I think I did price a
bit too high. But I did that to my, in my
defense, I did that because the first time we did it, it was
bought like crazy, OK? Yeah.
And the community hated me. Like, fuck you, man, I'll fuck
you. You're fucking useless.
You know? You can't you can't even design
A launcher to protect your fucking people.
And then I was like, and then I I I overreacted, OK?
I overreacted, OK. I was like, oh, shit, I better
stop the botting. Then I overreacted, OK?
I I shared. It wasn't even too high because
it was, I mean on Ava and stuff it was trading at like $7
billion FTV. So where you had it was actually
a bit lower than where I was already trading, right so.
You actually, but I think on hindsight you want to get .3 to
.6, right, because you do actually want to finish the
pool, right. You know, Right.
So I think so. No, no, no, you're right.
It was priced attractively at the start, right?
But I guess it hit but but OK guys here this is very
interesting psychology. OK, I'll show you guys.
OK, very interesting psychology. OK, now, now guys, think about
it right. If the market perception was
$0.70, right? Make sense, right.
And then the pool stopped that says stopped at $0.70.
That is the pricing, right? Right.
But then but then and and that's what happened right.
Because we got and because remember the the food just went
to $0.70 just stopped there stop there.
Stop there. Because we we we signaled that
it was $0.70 right. The market, the purpose $0.70
and and because it's it stayed there for a while.
Then the market concluded, OK, $0.70 you know.
Right. But then whereas whereas if we
had priced it let's say $0.60 or even $0.55, right.
Which I don't mind. You know.
Right. Then I think, you know then I
think that you have gone through easily, right.
You know. So it's it's it's again, I I I
say this with a lot of belief, right.
I think Juke is an experiment. Right.
So you know I I think now they went through I, I, I can tell
projects that work with me to be like you know what you should
probably consider being a bit lower you know, Yeah.
That's a lesson you learn. I'm saying yeah.
I think a good point that you mentioned is like everyone seems
so focused on like what happens if you know what happens if you
know at the end of it you end up with like X amount, USDC
etcetera. But I think, I think what you've
tried to reinforce that people not really talking about much is
that yes, you just air dropped $700 million, six, $100 million
to the market and you've the thing that you've the very thing
that you've created where you guys might make money from It
also is there to actually absorb this huge air drop which is way
bigger than like most air drops we see in this market.
Yeah, yeah, we haven't really seen any air drop this size,
right. I don't I don't know what uni
saw starting price loss right. You know because I mean the the
but it's not a different it's not a different it's not a
different. You know, I think we're up
there. You know, I think we're up
there. I think we're up there.
I I think and also Solana is like not known for being rich.
How? How?
How things change? You know, I mean, let's tell it.
Come on guys, if you want to go to for a chain, right?
How the fuck I'm going to know how much money you guys going to
be, right? I mean, I want typing like
Christian stuff, but hey guys, I mean buying a token, like, no
buying. Like you know buying guy guy
guys buying a small percent of a token and calling it 5 billion
right. And buying a pretty big air
dropped degen dumping right. Aggressively dump, right.
You know it's And beginning families.
Two different things. How the fuck is to know, right?
Seriously. I don't know.
And then not just that right The moment I I woke up and like
fuck, so I went to sleep and like fuck I didn't break the I
didn't break that point right. And then fine.
Whatever. I'm like OK, my now, my is fine.
It's still OK then go sleep right.
I woke up like all the fucking fuck and fuck you right.
And then just no, seriously, the the fight does kept spreading
and then the the prices kept lowering, right.
Because they've been dumping, right.
You know what I'm saying? Because like people are saying
that oh, we're going we're going to dump about blood.
I'm like, no, the tools are already sold.
The tools are literally already sold because they have this
pool, right. Because they do they, you know,
I realized guys, I heard that people don't understand
anything. They only understand buy sell
right and they were dumped. Nobody.
Reads. By only two of Orlando, nobody
ain't reading on crypto. No one using crypto crypto
ignore. It I didn't.
Even talk about this before, like we we're from a background
where like everyone would have read the docs before.
Like a big thing like this has come out.
And then literally the first thing on the front of the dock,
which is like, this is how Mitz is going to get sold, becomes
this huge thing because nobody knows how to read.
Yeah, not OK. But I'll be honestly, I'll be
honest here, OK. OK.
I I bought, I bought a bunch of shit coins before checking the
mint. OK, I respect it.
Means you're one of us. It means you're one of.
Us. I'm like, oh, I'm like, oh, did
you get Twitter about that. That was interesting. 001, let's
go fancy of that. Plenty of that, you know.
So it's fine. I don't.
I don't like, but no guys, OK. If you don't, if you don't read
before you buy, it's fine, right?
But if you're going to shit on someone.
Yeah, exactly. Right before you and you don't
read. That's not cool, man.
Bro. I'm telling you, man, that's not
cool, right? So now my question would be like
now what? Right, This all happened
already. You were just on nifty portal
with our friends and then you came in last second here like
now what? The fun already happened?
You guys just said it's already sold, like there's not more
tokens to sell. So now what, right?
Like, what would you tell people so everybody can just chill out?
I mean, I mean, I mean I'll tell people, I'll tell people you
know, 8 all you want for six days before you get.
You can always sell this price. No matter how I dump it is
right. There's always this pool ready
for you to dump into right now. Right.
For six days, right. You know, so six days.
Yeah, I know. Like 6 days, you know, No.
But but I'll tell them that, you know I'm.
I'm incredibly grateful for everybody who was partitioning.
I know there's a lot of new users who joined us recently.
They didn't get the ad drop. They're very upset about that.
But I I was, I was always very clear that the priority for this
ad drop are people who joined pre November 2nd, right.
And some of them got really fat drops by the way, you know, some
of them got really fat drops, you know, like ranging from 500
to like a million and some like wow, where they come from, you
know. Right.
Anyway, so I'm happy that I was, I was happy also to do that for
everyone you know really happy with that I I will improve next
year. You know so I mean for I know
who's here. I'll just say that like you know
we do it every year, OK, because we do every year because doing
it I'm not like because the way we do ad drops is different from
other people. OK.
We do it very intensely, OK. We don't just do points in that,
right. We actually really go through
all numbers and see who contributor and try to do
everything. Is it accounting, You know it's
our yearly accounting, you know, right.
So it's like really intensive. So we try to do every year you
know so in the meantime just use a product if you're the fun
points go somewhere else. You know because we don't we
don't do points you know we just try to we try we try to build
good product right. And then and and we make sure
that you are recognized every November you know that's how we
cut. That's how we do it.
You know. Yeah.
And then lastly, I'm, I'm always on.
Hit me up, fuck me, you know I'm always on I.
Have to say like I think Jupiter's probably one of the
best things of using crypto. I've I'm late to the it's been
like an amazing experience and I've also never seen like it was
such a big project with like so much thing where like the
founder actually like replies to everyone on Twitter and takes
the time to go onto shows and like engaged with us.
So like, I just think that's. Like AI feel like.
An amazing thing to see, I feel. Like, also also really great
because like the first show I went on, there's someone meowed
before me, you know, Like, that's always great.
First time ever. That's the first time ever.
Is it? Well normally I start the meow,
but this guy is awesome, right? No.
But but yeah, I I I do feel like I need to come on because I feel
like I do to to your to to your point, right?
That I feel like there are a lot of things I taught.
I communicated very well across many channels.
But it has young all those things that I talk about so much
that I taught, everyone knew. And again, because dynamic is so
different, it's not really a token sale.
So it's hard to have to explain kind of things.
And then so I spin, it's a backstop.
So the way I spin, the way I spin it becomes like it's a,
it's a backstop, it's a bootstrapping backstop do MLP
pool that's owned by the team. Yeah.
And I and I kind of forget that most people don't get that.
OK guys I got to go but but, but but thank you so much for having
me on. Any questions here I'd love to
answer. I'd love to answer anything And
this is a, this is a blast, right.
You know. Yeah.
I'll, I'll send I, I I love it. So thank, thank thank you guys.
Thank you so much. Thank you.
Yeah. Bye bye bye bye.
Bye, bye, bye. Oh, oh, meow.
God, that was. That was quite the start for for
today's show. We were not expecting that.
It was not planned at all. So good.
OV and Mando went back and forth.
Hang tight. If you're listening here, we're
still going to go for 30 minutes and we're giving away $1000 on
the show. And tomorrow we have like
$20,000 worth of giveaways going on.
So hang tight here. Hang tight.
Thanks for listening. I mean, OV Yeah, you.
This pretty much happened because you were going on back
and forth with him this morning. You know, you asked him a
question. Instead of like lashing out, he
followed you and then, you know, you guys went back and forth.
What do you make of it now? Like what's?
Your take? I think I had, I think I had
like fair concerns that I raised and he could have just ignored
me, but he didn't. He replied to me and he came on
our show and addressed them. And I think you know just to
summarize for anyone who didn't get it, I I think my concern was
like this seemed like a vehicle for them to raise capital where
they hadn't like communicated that was the intention.
And I think that was the bit that I had a bit of an issue
with. Because for example like you
know if you didn't read everything and you were buying
tokens at 70 or $0.80 and then you found out the next day like
they had, they were the ones selling you tokens and you
didn't know that's what you were where you were buying them from.
Like there's like a bit of an issue in that.
But you know, that's, you know, from what he said.
It's not exactly what this is. It's like it's a liquidity pool.
They've. I just have the liquidity pool,
yeah. That is that is dynamic where
the end outcome could be that they end up selling a lot
tokens. And I think he was under the
impression that he had kind of made it clear that they wanted
to like raise funds in previous communications, but that didn't
come across as clear here and you know maybe got a bit, got a
bit misconstrued. But yeah, like I think I feel
like he cleared it up pretty well and I think what they've
created here is smart. He has, he has a fairpoint.
He has a fairpoint in that this, you know, there's $700 million
AirDrop where on Solana where you know a lot of people are
getting rich for the first time and where people will probably
want to sell them dump. And he's created something which
is able to absorb that and potentially even, you know, end
up with there being like a net demand for tokens.
And I think that's, I think that's pretty smart to be honest
with you. Maybe that's maybe that part of
it is not getting enough credit. I didn't bring it up with him
but to be clear 24 hours ago for a gasp is this exact question he
asked me. I'll remember the the question
was asked all the the the tokens in the initial pool might
already be bought. And I said, oh, I think there
was a liquidity pool set up by the team.
I'm not sure if how, how involved they were in it.
I think there may be a like there may be a regulation issue
if they are involved and we like spoke about it.
It's not like we knew what I I had a rough idea of what was
going on but no one else, like knew what.
Like we're trying to act as though people should read the
docs, but no one really. We didn't even read the docs.
I mean I had a rough idea that I knew the team was doing that.
I guess what? Yeah.
I guess what I'm trying to say is they clearly some people did
know and they did put it out. I kind of feel like it's it's as
much on people involved in the market as it is on him.
He's put out docs. He said what it was people,
enough people who were actually reading what was going on, knew
roughly what was going on. And then it's come out fired 12
hours later because actually MFS can't read in crypto.
So and I think that's on all of us, we can't just say, oh,
people should have read. It's like we didn't even read.
I had a rough concept of what it was.
I think, I think there is. I think the point is that even
if you read it, you may have not understood like if there was an
intention to raise capital behind it.
I think that's the point. And so like you know if they're
like we want to raise capital, most people would be like cool,
We're doing a public token launch, we're trying to raise X,
$1,000,000. Here are the terms you can come
and invest, whereas this is kind of like, oh, we kind of like
trying to raise funds through this like thing where some
people may not know that's what they're buying, where they're
buying the tokens from, if that makes sense.
Where would the? Tokens come from anyway if they
they if they were saying the LP then it has to come from the
team. Yeah, exactly.
But you but you when you're selling like that large an
amount into it and then that's what and you have like a a fixed
period LP which is just seven days rather than like a
liquidity lot forever LP can it can be perceived as something
different. So I agree what what teams non
standard here for that LP is it's seven days and so that's
non standard at the same time like the the tokens if he if the
team is going to be involved in setting up the LP the tokens
have to come from somewhere. So I agree like it.
It may involve them selling it. And then did I read on the back
end that like most of this is getting donated to the Dow like
only like 25% of anything that gets sold.
It's even going to the team. Like when I read that I was like
this kind of feels like fad. Like I when I compare this to
how other and I didn't get into that with him.
But like if I was to if we were to actually show people because
clearly MF is aren't reading any of these token launches.
How bad some of these are in favour of investors or the team
maybe not the team but particularly VCs and investors.
For like half the other tokens out there you'd be shocked.
Like you'd be fucking shocked. Like look at look at, even in
even in fucking in NFT space Ape.
What do you think's been happening in Ape Blur?
What do you think's been happening in blur?
Like, what do you think something happening looks rare?
Like these were fucking way, way worse than this.
Like just so so, so. Worse, at least it's above board
like. How is this not above board?
Just to be clear, he gave you the docs.
This just seems like a bunch of VCs have been like.
Flawed because he didn't do a bold the type font 80 size with
red and emojis saying we will be selling some tokens if it hits a
certain price and we won't be selling it if it doesn't hit
that price. I get Gary Gensler might take a
different view of it, but morally I view the other token
cells as way, way, way, way worse than what Meows has done.
I think this morning they were comparing to ICP and saying how
ICP was like, like clearly, clearly like they like they had
different intentions and they were comparing to Icos in 2017,
which is why a lot of the people have been comparing this to.
It's completely different. But Oh yeah, what were we going?
To say no. Yeah.
Like I think I've yes. There's been like plenty of
worse of the things. I think because the scale of
this one was so big. There's obviously a lot of eyes
on it. You know like some massive air
drops coming out massive FTV. It's one of the most is the most
probably going to be the most anticipated air drop like this
year I think and I'm not sure what the other stuff maybe like
maybe blast or something. But yeah, there's a lot of eyes
on it and you know, I can see why people are upset.
It's also part partially on them to, you know, read the docs and
understand them before just aping stuff.
But you know, I think he just, I think he to be honest with you,
I think he cleared everything up and when he came on here they
cleared everything up on Twitter as well, so.
I guess that I guess that kind of like we don't even need to
cover the Jupiter thing anymore because we kind of just did.
We got it. We heard from the man himself,
who, by the way, like this guy is crazy.
Yeah, dude, I was like, is this this the right guy?
Well, I when he first came up, I was like, I've got the troll
account of of this guy. And I saw him there.
And Sims, like, yo, he's in here and he's just meowing during our
intro. And I was like, what is going
on? That was like the most unhinged
intro in the history of film Hour, I think.
And I really like it. Like, I really like it.
Talk dude. I don't know dude, it's OK.
Anyways, how do I reset this? Do you guys think we've covered
droop enough or is that a good post mortem enough like?
Would you give us some context I guess like it's been we went
straight into it like what's been going on well, should we
do, should we go with what's going on in the market or like
should we do broad or just? Let's see your market.
Yeah, so, so.
Why don't you give us the market report man, though?
So obviously we were all talking about Jupiter air drop.
Yeah. Jupiter at the first instance,
as we spoke about yesterday opened up like a 20 billion FTV.
It quickly settled between 6 to 7 billion.
There's been some controversy because normally when a you
bring a token, it's with alongside BCS who often set up
liquidity pools for you, or it's alongside investors to set up
liquidity pools for you, or it's alongside exchanges that help
launch the token. The way that Jupiter did it was
by themselves, So they they then got themselves involved in
creating the liquidity pool. Was the liquidity pool.
You'll see it on Unisop, you'll see it on hopefully Jupiter at
some stage. It's like it allows people to
trade on that token between a specific range because they got
involved in setting up the liquidity for that.
They had to use their own tokens from the team to to do that.
And it turned out that it looks like they sold a bunch of the
tokens just by the nature of how that liquidity pool was set up.
That was when I woke up to a ton of fart about it and Jupiter
went down, as we've just spoken about.
Now that seems like for me, morally, I think it's fine.
I I know like it does bring up some securities questions.
They're based out of Singapore which you know has its own
securities regulations. Singapore is one of the global
financial hubs of the world. It's not like they've they've
issued this out of some you know Banana Republic like this is a
proper, this is a proper country So they must have got some sort
of legal legal view on it. So let's let's let them have let
them have that. But for the I personally think
like I said I think a bunch of VCs have launched tokens way,
way, way, way, way, way worse. Anyway, the rest of the market
we we were doing OK up until the Fed really like so the Fed
yesterday came out, they said no rate cut in March, but they will
be doing rate cuts. So weirdly you saw bond yields
come down as in people are expecting people to cut rates at
least on the long end. But the fact that they're not
going to cut rates in March, although it was only about 2025%
probability going into this into this FOMC really spooked the
markets. You saw tech stocks dive around
2:00 and 2:00 to 3%. You have a bunch of tech
earnings tonight. So there's a little bit of
little bit of let's say sensitivity around that and
crypto really took a took a bath overnight.
So you saw Bitcoin. I think it went all the way down
to like 42 K yeah. Last night ETH I think went down
to like 2250 and Solana I think think hit 93.
So it was a big move down. That was about 10% swing in
Solana over the course of that day and it's now kind of bounced
to the middle of that range. So we're back up to like 42 and
a half 23196 across the board. So it was it felt like more of a
macro sell off, don't go overly bearish on this. the Fed
literally said we may not raise rates in we're not going to
raise, they're not going to cut rates in March.
We're probably going to do it in May and maybe even quicker than
expected. So you actually saw the bond
market rally on the back of that they were like oh rates going to
come down. So this isn't like throwing,
throwing a massive tantrum I'm I was kind of surprised at the
market reaction. I think that tells you more
about positioning more than anything because this is really
isn't that big a deal in my eyes.
So yeah, big, big earnings tonight.
So there's some, there's some sensitivity around that stuff.
Tomorrow, right Friday morning. Friday morning is is is the
NFPS, it's it's the it's the US employment figure.
There's no doubt that the US is, is is cutting, is cutting rates
in my in my opinion. But it still continues to have a
very strong labour market which is everyone talking about soft
landing. So, yeah, I'm not, I'm not
worried about the US economy right now.
I'm really, really, really not. And all this talk about the fact
that there would be a regional banking crisis the the lower the
yields go, the better. That is for all these banks like
a bunch of these banks were were holding on to big unrealized
losses in some of these long dated treasuries.
So the lower those yields go, the more the prices go up And
and that means that they they'll start to help with some of those
unrealized losses. All the stuff that Arthur Hayes
was talking about that you know all these banks are going to go
down there was there's still been some wobbles in the in the
commercial real estate market. But like it's not, it doesn't
feel like it's going to be like a endemic situation across the
the US banking system. And yeah I don't really know in
terms of like individual individual coins everything just
kind of took a smash down like I think people were surprised that
some of the moves in some of the the old coins but it's it's not
been that horrific I sort of eight coins hard today there's
some there's some applications for the eight coin chain today
like all the different thing you can go vote if you have 8:00
today that's the only real coin and and chain link as well is is
is hard today those are the two everything else is probably down
about 3 three to 10% and and like risk taking appetite seems
kind of stable like the the funding's all pretty neutral and
the spot the spot premium's basically nothing on on Bitcoin.
So yeah, it just feels, I can't imagine us dumping massively
here and I can't imagine us. Yeah, it just doesn't feel like
that looking, looking at stuff. All right, Obi, how you feeling
about the market? Good.
Bad. You.
By the way, I've never heard Obi talk so much on a show.
That was crazy. He led a whole interview.
Mando. I kind of.
I kind of had to denounce the I was the one that sent in the
messages you were. Brilliant.
You were brilliant. It was great.
You can't tweet. You can't.
You can't tweet stuff and then not show up when when you're
when you're on video. I.
Always. Pulled up.
On you. He's like, yeah, you know what?
Let me show up on this guy. I didn't think.
I didn't think you'd come. I just.
I just damned him and he was on the fucking space.
I was like. Oh, it's glorious.
That was glorious. But how do you feel about the
the market in general here ahead of a of a new month?
I think yesterday was kind of confusing to me because I
personally wasn't expecting rate cuts in March, but it seems like
the market was. And then when the Fed said they
it was unlikely the market sold off and I was like, that's kind
of weird. I didn't realize people were
expecting. That it weren't.
It was low percentage. It was like 20% probability
going into going into that Fed. I think, yeah, I think it was.
I read it this morning. It was maybe higher, but yeah,
it was. It was still kind of weird.
And then then interest rates had a massive rally, like 10 years
at 3 point. Fucking hell, 10 years at 3.82%.
Now that's exactly right. Like this is not ten bit slower
today. You would assume that was a
really dovish Fed, looking at that.
Yeah, apparently I asked a few people I used to work with.
Apparently it's due to like month end buying, but it seems
like there's a quip. It's like a we're talking about
like a 25 basis point move now in a couple of days, which is
pretty mental. So yes, it's kind of, it's a bit
of a weird one and then I think like for the first time in a
while crypto like sold off in line with the stocks which we
haven't seen for a long time in a while like that, that
correlation. So and actually the crypto stuff
like yesterday GBTC, the GBTC outflow was the lowest we've
seen since the first day of ETS launching.
So I was kind of like surprised we sold off yesterday and I I
I'm feeling like I know Bitcoin was only at 38 K, 39 KA few days
ago. But I'm kind of feeling like
that this dip will be a good one to buy because I just don't
think there was any real news flow that was that negative in
my opinion. And funding is still very low
and there's there's there's not much leverage in the system and
I personally think we'll just see crypto bounce from here a
little bit. I think this is just going to be
another dip and it'll be great if it does because we'll start
to see that pattern of like higher lows again and we can
maybe kick on from here. But yeah, I just wasn't that
fair enough about macro compared to like how the market reacted
yesterday. I was a bit confused.
I don't think it was a macro bearish.
I think it was more like money moved into rates from stocks
potentially. I remember like it was like some
bond, bond prices went up, stock prices went down, people just
probably moved into stocks because the Fed, if you actually
listen to it, although the Fed said, yeah, we're not going to
raise, we're not going to cut rates in March, they were pretty
dovish. I thought they're out,
particularly on the guidance, like it definitely was taking
into account that like inflation was coming down and is coming
down rapidly. So, yeah, I I wouldn't, I would
like compared to some of the feds that we've had in the past,
like the ones that we were having 12 months ago, 18 months
ago, where he was just like the most hawkish I've ever heard of
Fed president. He was, he was pretty relaxed.
It felt like to me. Yeah.
So I yeah, kind of bullish. I mean we have payrolls
tomorrow, we have, we have PMI today as well.
That's probably coming out, I don't know, but.
So up or down a lot of people listen to the show right now and
and you guys are really smart and you explain things very well
by the way to people like myself who are very left curvish up or
down in Feb. I just I just it's difficult on
a day like today because we're a bit we're both saying we're a
bit confused by the price action or you take if you take a step
back what we're saying here now is the Fed is now going to go
for probably for the next 18 months on a period of cutting
rates. Whether they started it in March
or they started in May is not important.
We are now going to see here is the Feds start to in my eyes
rapidly cut rates they might be slightly higher for longer.
They they keep on saying they'll be a bit more cautious but
they're definitely going to be cutting rates.
And this is in a world where China as well is pumping
unbelievable amounts of liquidity.
As we spoke, as we've spoken about for the last couple couple
of days, it's the same in Japan today, the ECECB inflation, the
inflation came down again. The Bank of England, maybe even
there was one of the governors of the Bank of England came in
and said oh, what you call that vice governors or something said
said that they wanted to cut rates.
Like this is a world where the central banks are now going to
move from raising rates to cutting rates.
So I don't think the Fed is going to be the thing getting in
the way of markets essentially from now on.
It's really going to be growth and I don't know maybe some
geopolitical risks like if something flares up in in in the
Middle Eastern area or in China, Taiwan or something like that,
but the Fed is not, doesn't feel like it's going to be getting in
the way of the markets from now on.
OK. Well that is really good to
know. So some good information.
Thank you for thank you for you know clarifying in that front
And then you know I know we have guests coming up.
I see Tetra in the in the studio already.
Just quickly a reminder I've pinned to the top at the bottom
right. If you go to the purple box,
that's what I could talk about at the beginning because it's
just a crazy start every single show.
Lately we've been giving away $1000 thanks to Robeit which is
fire. So basically, bottom right
purple box, I see there's already 100 something reposts.
So you repost that. You follow FOMO Hour FOMOHOUR
City Coast on the Twitter Spaces right now.
And if you're live and only if you're actually present in the
spaces at the end of the show we're going to bring you up and
then get your wallet and send you $1000 if you have an
account, which is super cool. Yesterday we distributed what is
it Sims 6005 Six Ki forgot but we distributed the first six
winners I believe. So it was $6000 that we've given
away already and six different shows and we have up to 15,000
to give away. So we have another like 9 shows
to go and then we were we're we're given $10,000 for loot box
spends for two shows a week. So tomorrow we're just ripping
$20,000 worth of loot boxes so four people will have the chance
to win quite a lot of money on the show tomorrow if you're here
live. Of course only if you're live.
We're not giving away people money to anybody who who are
who's not live on the show because our goal is to you know
reward people actually listening to us which is really fun.
So definitely shout out to to Razor Lucky and the folks who
are there robots for making that happen.
So make sure you follow us, make sure you follow that.
Make sure you retweet the purple box.
You know at the bottom right the Twitter spaces which is also now
pinned at the top of this. Just quickly, quickly, quickly,
quickly before I go to our guests here, boys on the NFT
front, I know Sims has been kind of doing the round up on video,
which by the way we're live on video every day.
Just be on the spaces to win the money.
But you can also watch us video we broadcast on the rug way to
YouTube as channel as well as our own Twitter where we post
every day on the NFT front. I mean, it looks like, honestly
all the energy's kind of been like on Jupiter at the moment.
Hold on, I can't load this for some reason.
I don't know if it's my Internet.
All the there it is. All the energy has been on
Jupiter the last couple of days but you know there is the AOI
first came on with a new token plan and apologizing to to the
community after Ding a lane called him out two days ago.
I know we called. We we talked about it, said he
dumped his assets and then you know seems like they now have a
token plan after he called about though.
So I found the timing really good and interesting In other
news, the Quantum Cats Mint. Ooty what the hell are you doing
Ooty. Well it's pushed again just
giving need some shit. But you know we should get him
on the show the next week and just give him more shit if you
guys want. But anyways Ooty, Ooty and the
and the Quantum Cats have delayed the mints again so stay
in touch. Stay tuned for For more
information coming on that front and the rest of it.
I don't know about you guys but it was doodles.
I had some news coming up and also you know that's 655 E punk
sale, which I don't think is a fat finger.
I'm pretty sure it's a wash trade, but like was orchestrated
very well in terms of making it seem like a fat finger.
But basically the person bid it up like 6363 and a half 6464
1/2, 65. Then instead of 65 1/2 bid it up
655 eighth, which sold. If you're a wash trader or a
bidder trying to, you know, put a 655 eighth bid on a punk.
My punk is ID 6217 though it is supposed to be my forever punk
for 600 ETH. It is totally yours.
You know I can give it to you for 600 ETH instead of 65.
So it'll 10% shave here, right? Hold on, I hate when the screen
what do you what do you think, OV Would you do the same thing
if there's an accidental bit of 600 ETH on your palm?
Because it's something you'd be willing to take.
I would accept the bid and then if someone DM me saying it was a
mistake, I would give it back to them.
What would you do out Mando if someone if this was a fat finger
which we know it's not we we don't know we assume it's not.
But if you say if someone bids accidentally on your NFT for 700
ETH, OK, and you take the bid and the person like, oh it was
me, what do you do? You return the money.
We're from, we're from a world, I don't know like the world of
trading financial markets like like tradify ones.
There's like loads of etiquette around stuff.
So like you learn. It's almost like like you learn
etiquette. Like you'd learn etiquette a
dining table or like being. So like there are these certain
rules about doing stuff that like get drilled into you from
the first day you're on the desk.
So like to do that on a fat finger, it would just be unheard
of. So it would be a big red flag in
crypto. People just fucking do it all
the time. But yeah, I guess from our
trading background that just like in my head this is like big
red warning sign. Like obviously you can't do any
of any. Question though, would you
return the money if it was your punk?
I was that my Co hosts are really good guys.
Don't ask me the question back. Anyways, I'm just kidding of
course. Like if it's like someone like.
Bullshit. You.
You'd. Keep it, man.
I could. You know.
What? You know what?
Like if it's actually someone like in our community, like it's
out there, they're posting about it and you can prove that it's
them. I feel like you have no choice
but to, like, return. Yeah, karma like you're gonna
get. Like, it's one of those issues.
Yeah, it's tempting to keep the $1,000,000, but like, it's
really bad karma and bad juju. Unless it's a hater, honestly.
Like if I go to their page and I see that they were slandering me
and like rock radio and like hating, like maybe like it would
be payback. You know what I mean?
Like damages, payment or maybe you send them like half back and
like boy, there you go, the other half is because your Dick.
But you know, you know we could like hypothesize on this all
day. And last but not least, on the
Bitcoin side, this RSIC thing, guys, it just keeps on going.
Every day it's high. Every day.
Every single day it's at the top of Digense.
It's now up 20% since yesterday. Again, I still have my one that
was air dropped for my puppets. Point O 75 Bitcoin.
Now the node monkeys are up again.
Another 12 points overnight to .18.
Almost 19. Call it puppets are up.
Bit maps up, Bitcoin frogs are up again.
I have to say one of my favorite people to follow on that, that
one of my favorite followers like reply guys and Bitcoin is a
Bitcoin frog and it's really making me start making me want
to buy one just to like be a community member because there's
this guy called Vibe God that's like always replying on my shit,
like every single tweet almost. And it's like an inside joke at
this stage. And he's just so cool and I
just, he makes me want to like just buy one, just to say I'm
part of this like community because it's just a vibe.
But anyways, I just thought I had to give him a shout out here
because you know, big Bitcoin guy, he always responds that to
me. Like no matter what I tweet,
Like if I do something about Solana, go like big soul guy.
If I do my big big BTC guy, if I do something about like you
know, Jupiter, it's like big Jupiter guy.
It's just hilarious to me and and it just makes me smile every
time I see it. So lots of stuff happening on
the FT side. And Speaking of NFTS Tetra
Tetra, first and foremost, First and foremost, thank you for the
package. I have to say yesterday, you
know, my boy Tetra hooked me up. You know, he's got, you know, he
sent me the goods, feels good. I got that OD.
You know, look, OD stuff expands into multiple, what do we say,
verticals. And one of them is cannabis,
right? You know, I got, I got, I got my
shipment yesterday. I feel good.
It's been a bit. I'm not going to lie, I missed
it. We don't get that good stuff
here in Quebec, you know, But Ontario definitely has a lot of
stat, I bet. Tetra, bro.
Good morning. How you doing fam?
What's up man? How you guys?
Doing Dude, we're vibing. It's a it's a crazy morning.
It's it's a fucking crazy morning all around.
I was watching. A bit of it.
I was watching a bit of it. How How'd you guys do with the
AirDrop? We did not get any of it.
Get any of it, how the allegations work because one of
my wallets said, well, the other one that I thought would do well
didn't get anything. It just said you have no
allocation. Because it depends when you did
well, like I've done 7 figure volume on Jupiter, but like at
the end of Q4, so you don't get this round.
And OV has a way more volume than me and it's similar, right?
Like you didn't get any aloe because your volume pros.
But with. But we're part of the second
season or something like that, right, because of that volume or
whatever, so whatever. But we didn't.
But I mean I personally just went in, you know, Ape spot
because you know, I like this guy.
I like him even more after today, I'm not going to lie, I
almost wish like I kept some dry powder that ape the, the FUD dip
here. But you know what, we're happy
with what we have over here and we're just going to trust the
process and wait those for those six days to go and then and then
go on with it. But anyways, Tetra, we're not
here to talk about Jupiter, here to talk about the FNIC and
everything has got going on with your mint, which is super cool
with everything doing the AR XR and all that cool stuff.
So why don't you tell us, like, what's happening in your world
right now? For sure.
I mean, we're kind of gearing up for the last phase before we do
go towards a mint. Our project's a little bit
different where it's like we obviously our assets aren't
necessarily, I mean people can't PFP them, but they're not PFPS,
they're digital collectibles that are supposed to be
activated and brought to life to our iOS app that launches on on
basically reveal. And you know, there's just a lot
of variables. So like at the end right now
we're kind of like, you know, finalizing everything, getting
everything good with our app and just getting it all buttoned up
and even our MIT mechanism, I mean that's what the F Nic is.
So even that's like its own, you know, system where our community
distributes the white list, our community gets to earn money in
the process of distribution. So there's a lot of like, you
know, variables with doing things that are new.
So we're kind of just buttoning those up right now before we
actually go to launch, which should happen pretty soon.
What is that? Is there a date yet or did?
You know there isn't a date yet, but it's pretty soon.
It's pretty soon. Pretty soon, OK, I have my
friend IC so I get to pick who I want on the list.
Like I could just say like because I have a Founder's Pass.
I could pick OSF and Mendo to MIT one.
Exactly. Yeah.
So like what happens is that essentially there's like a burn
portal that's open right now. You go and you burn your FNIC
and when you burn it, you essentially get indexed on the
back end as a founder's wallet. And then those 333 wallets will
then be able to like mint 5 assets of their own.
And every time you mint you can essentially distribute to
whitelist to anybody that you want.
And then the only stipulation there is that like it cross
checks MAR index of wallets. So like if you recommend
somebody and bring somebody on that already has a white list
and or if somebody else already gave it to them that they won't
work. So it just cross checks in a
real time and then basically takes it from you have like 2
mint flows, which is like the Founders mint and then the
Founders rewards. And then if you essentially,
let's just say bring on Manda or SF and then they go and actually
mint, you earn like 50% of whatever mint that they do.
So if both of them mint, you essentially earn back 50% of
their cost and it's all just done on chain, so.
Interesting. OK, that's pretty, it's crazy
that you guys have built this on chain, like how does that work?
I mean it's just through an index.
Like if you think of it like it's there's a Merkel tree and
then there's the actual wallets that are coming and essentially
allow listing other wallets by adding them to the index.
And then in real time that fund is getting split between
essentially where you can claim and where goes to our deployer.
So it it just creates like an on chain mechanism for distribution
for like 'cause I like the thesis behind it was like most
of these projects or any project comes out creates like either
their own whitelist and then makes people grind for it, does
all these things and then at the end of it you end up with like a
pretty fragmented community. Now you can build from there a
community, but like at the at the origin of it, there's like a
little bit of a fragmentation because, you know, everybody's
like a little bit all over the place.
And then usually what I saw, especially during the 21 run was
that like by the time the project would have built up a
lot of hype and then your friends actually wanted to be a
part of it or they were suddenly interested, they just weren't
able to get a part of it because they they were too late.
So this was like a mechanism for us to create these smaller hubs
within our community where like if you have been with us for the
past few months, if you earned an FNIC and you have it today,
you don't have to now suddenly tell your friends, well good
luck, like go buy one of the secondary.
You can actually bring your friends on board and give them
an access to be able to do it as well.
It creates a really natural way for the community to grow as
well, where it's not just us distributing access, it's our
community distributing access and also earning money in the
process. That's really cool.
I mean, you've been building this community for a minute now.
I mean, we did our event together.
It was what? In June.
August, August, yeah. Because it was Caribana.
Yeah, it was. Oh yeah, yeah.
I was doing Caribana. Where, where, where where?
We came out and did a rug radio and OD Labs event, which is
fucking sick. We got to run it back, by the
way for at some point in Toronto because Toronto pulls up, that's
for sure. And that was really cool.
So tell me something, So Lulu, right, Which is a character that
you know represents kind of your brand or?
Well, yeah, I mean it's the, it's like a mix between and
aesthetically like one of my favorite characters that I
created over the years. And then also it's a highly
optimized AR asset. So like, there's a little bit of
a science that goes behind how target tracking or marker marker
tracking works with your cell phone.
And it's a mix between saturations, contrast, different
geometries, asymmetry. There's like all the science
that goes behind why a target is really highly optimized.
Because when you point your camera at something, if it's
just like, you know, a BLOB or if it's a circular shape or
like, you know, a lot of these like characters, they they
wouldn't be great. So you would end up with like a
glitchy AR effect. And then people think like, OK,
well maybe like a lot of times people don't realize that it's
not even that like you're not good at programming the AR, it's
that you also don't have an optimized target.
And we wanted to create something like my vision behind
this was not just to create like a great collectible.
That's the first of its kind on chain 10K collection, doing
something that like nobody's ever done before.
And you know, really fits into that, like the story of
provenance with the blockchain of like you know, putting
something on chain that's one of its like first of its kind, but
also it was a way to essentially create a highly optimized asset.
So across different devices we get the same results.
So it's a little bit of a aesthetic and like science that
goes into it. OK.
I mean, a lot of science because because the way you guys have
built all the, you know, ARXR, you know, activated apparel,
anything that you're doing. Speaking of which, I mean, you
know the T-shirt that Y'all did with us at Miami.
We gotta sell this at some point.
I mean, you gotta. Drop that.
Yeah, you have to, dude. Do you know what's crazy?
Like, you guys are way too busy. And so are we.
So, like, I feel like this is just never going to drop.
Yeah, we'll. We'll drop it.
Like I feel like it's like the craziest time too.
You guys did the merger, you guys did all this shit and then
we were like mid launch like the building out the like you know,
end of our tech stack and just getting everything to go.
But I think like once it all settles, we'll definitely get
back and cook some stuff together.
Yeah, that's great. And then I guess like last
question for you, like when it comes to to to the FNIC Lulu and
the community you've built, which is like honestly die hard
and I love to see that because it's taken, I mean you've been
been like community for a like 6 months plus now, which is pretty
cool. Shout out to our Vero Mika too
who obviously participate in you know helping you guys build that
out, But what's the main value prop for these assets, right?
Like why? You know, why these assets and
what what are, they're important.
For sure. I mean, I think like from a
value prop, most projects that you see on chain kind of go
after the same things, right? Like you're you have a larger
community and then you get access to these like
experiences, whatever, whatever. There's all these things that
like you can do and it's great. And I think then sometimes the
goals get a little too lofty where some they suddenly want to
like you know take over gaming industry and they just want to
become like something much larger.
That's really harder to tackle. I think what I really believe in
is doing stuff that's new, innovating in a field and then
also like kind of like paving a path for others to be able to
like you know follow that. And I think that's that's some
of the biggest projects in the space have done that to be able
to have success. And it's just been a shocker to
me that like no one's gone out and built a, you know,
collection that's AR activated so you can see these assets come
to life. I mean, there's a whole genre
and there's a whole world that is untapped.
And I mean, you see, like with the Apple headset dropping, with
the push that Meta's made in the past year, with, with Meta Quest
and like how much this industry is growing, especially if you're
in this, if you're like in the XR industry, you know, how much
funds are being funneled into essentially building this up
over the coming years, how massive this market's going to
be. It just didn't make any sense
that nobody had done that. Which honestly is good for me
because this is something I've been passionate about for years
and we've been building it because it's not like quick,
hey, let's push out some PNGS or Jpegs and Mints.
Like, there's a lot that goes into this, you know, between the
material exports, between the building up of the app, between
making sure everything matches one to one.
They're just like once somebody sees the breakdown of how much
goes into creating something like this, it kind of makes
sense why no one's done it. But obviously from my
perspective, it was to essentially put that collectible
be first of its kind on chain and I think that's one of the
biggest value propositions of putting things on chain anyway.
It's like having that historical provenance of, hey, this was
here, this is a time stamp, it's an open market, Anybody can
trade it. And technically we've had these
collectibles as like a web two asset and people have been
activated for a long time. We've been doing it with fashion
and everything else, with my stickers and you know all sorts
of my art and these have all been activated before, but
that's not an open marketplace. When you have those assets,
there's no way for you to essentially trade them or buy
the ones that you like, anything like that.
So I think the chain essentially introduces a few things, you
know, open marketplace Providence and essentially
brings that asset and puts it you know, as a part of history.
So that's kind of like our initial goal.
And then there's all sorts of things that we're building, but
we don't really talk about a lot of it because I think on its own
it has legs like on its own it has a lot of bear in value.
So it's like we almost don't need to even talk about the
things that we're building for the months to come.
We mostly want to focus on your buying.
Essentially first of its kind AR collectible.
Fuck yeah. Let's go.
I love that. I mean, I've seen it in person.
It's really cool. Like the way you guys act.
Like, that's how like girls are putting like nails like.
Hell in. An accent.
Yeah, they had the NFC chips that would activate it, and then
I programmed it so it can come out of their hand.
Mika doing this shit I saw, I saw, I think our very own F2.
Yeah. Doing this stuff and so I it's
some crazy stuff like the fucking Lulu coming out of
motherfuckers nails and you're here.
Like, wait, what? But it's super cool.
No, I love it, man. I'm obviously a big fan.
I'm a friend. We've done a ton of stuff with
OD Labs on the rug radio side and we're gonna continue to do a
lot of cool shit with you guys. We're excited for you and what's
happening. So last question is like where
do people like stay in touch? Like right now it's exciting.
You know when, where, You know how do.
We, I mean our mint's coming up soon.
So it's kind of like a few ways you can participate.
One is obviously just by going on secondary and buying an FNIC
Those were all AirDrop for free over the past few months.
We had an API system on Twitter that would like essentially
track people's engagement and you know content that they
posted and everything else and we AirDrop these every week.
But our Airdrops over all 333 have been distributed and now
essentially you either go buy one on secondary to be able to
participate or the only guaranteed method of minting is
by receiving a whitelist from one of those FNICS.
So for example like there has been ways that we've given out
whitelist ourself like as as a company but like those and we've
we've expressed that those are not guaranteed the only
guaranteed ones, the only people that are guaranteed to mint are
the FNIC holders and the FNIC the wallets that the FNIC is
essentially whitelist into our ecosystem.
So you know there's 333 of them. If you follow our pages, you'll
see them commenting on their everything.
They're very active, so you can essentially hit up any of those
guys and gals and they'll essentially be able to bring you
into our ecosystem. So it's very much don't reach
out to us, reach out to our community.
I like that. I like that a lot.
I mean, I'm going to have to give my mints to to Ovey Mendel.
That's fam like I'm going to have to pick.
I got wait, two or three. I forgot.
Sorry, I already asked you that. Well, so basically like with F
and IC you can mint five and then so every the when it comes
to public and when it comes to regular regular white list, you
can only mint 2. But with an F and IC you can
mint 5 and for each one that you mint you can essentially allow
us two more wallets. So in the process, you can
actually bring 10 more people on, and those ten people are
able to get two of their own and.
So we'll pick community members then.
That's fire. Okay okay.
I'll pick some real video community members in that case.
Exactly. I'll do that.
I'll pick the boys. No Obie Mando.
Maybe a producer Sims, and he's down in the and I'll have Bernie
send use some of my stuff for that.
All right. Well, Tetra dude, I appreciate
you. Thank you as usual.
Much love. You know, that's someone I'll
always be supporting. So for anyone, like honestly,
Tetra's one of the people that the Appers can look up to.
Like as a founder, he's fire. He's had a lot of success way
before NFTS. And so, you know, you guys
should be expecting a lot more coming up for rock radio and OD
laps for sure. Thank you, Tetra.
Much love, man. Thank you.
See. You bro.
Peace.