Oh yeah, he's back, babe. What up?
Good morning.
Good morning, GMG. Wednesday September 11th 2020
look at that another beautiful day to have a beautiful day.
I got my Co host in the house whom I missed very very much,
Tyler Mando. How you guys doing today?
Great man, how are you? Good to have you back.
I feel fucking fantastic bro. I woke up in my own bed.
I'm eating in my own bowl, made my own coffee.
I have my own water bottle. I love my little water bottle.
Worked in my own gym this morning.
We are so back, staying at my own desk with my own mic.
My, my, my. What's up, Tyler?
I'm good also we missed you. So glad to have you back as
well. And hey, I won some bets last
night so we'll. Oh yeah, I think I want, I think
I made money last night. I, I, I think I made good money
last night too. Oh, look good.
I mean, I don't bet with much, but I think I made money last
night as well because my biggest bet was, oh, yeah, don't look at
it like 100 and something percent return.
That's not that bad. We'll talk about it, I'm sure.
I mean, it was a handshake for me.
And I mean, like I went bigger. I I I put half of my, my, the,
my, whatever money I had in there on the handshake.
It was the easiest bet ever. As much as people hate each
other, I feel like the handshake is like you have the handshake,
like it's like a thing. Yeah.
I mean like it's, it's important.
The coin flip bet of the debates.
I just read an article that they had stopped shaking hands after
2016. I did more COVID.
It was likely COVID influenced I I bet no.
So I was I was in sham. Yeah, you got fucked out of that
one. I saw I saw KBM also and deep,
deep on on on no handshake. So but yeah, you know, you know,
shaking hands is is in again. You know, we're we're 2024 now.
We can shake hands after 20/20/20.
I think that's when it started again.
So anyways, today under the show today, today, what do we got?
What do you got? Bandos market report as usual,
Amanda, we're going to need to know if it was it was all a
dream the last couple days or if we're we're going back to zero.
I'm back looking at the charts all day long.
You know, the vibes, letting price action dictate my mood.
You'd love to see it. And I mean, that's what it means
to be back at your desk, right? And then we're going to get to
Tyler's top 100. I mean, September, it's shit's
getting busy. So I'm sure you got a lot to
talk about. We have a partner today on the
show today, Troy Murray is coming to talk about what, what
they're building with slap daps or DAP, slap, DAP, slap right?
And then so they'll be coming on later.
And then last but not least, we also have robot spins because
we, I know we pushed some of last week.
So here's the deal. We're doing 6 for the rest of
the week. So 2 today, two on Thursday,
2:00 on Friday. And this is not Bernie doing the
spins the, the, the boxes. I'm back in control.
Which means it's not a full of red guys.
OK, punks. There's apes, there's red guys.
We had the board ape. We had the board ape under
Bernie's watch. But it was funny, like I, I went
on the, I went on the box this morning, guys.
It was just red guys. And I was like, oh, you can tell
Bernie was in control of the blue box band, so I'm back in
control of it. And we have a lot of different
collections alongside some pretty fire red guys too.
So we have a little bit of everything, which is good.
And last but not least, this show is powered.
I'm being told that we have a show Bernie loves to see.
That show is partnered with Galaxies.
Love Galaxies. And no code Web 3 platform
empowers creators. Oh yeah, right now, right away
and communities to become owners.
Check out Galaxies XYZ on XA lot of XS Galaxies XYZ on X.
But anyways, anyways, anyways, Oh yeah, I can't wait to hit
that button. Hold on.
Without further ado, let's get right into it.
Who is the man? That called Daddy of the land.
Can you dig it? GM everyone so.
We were kind of. I would say about two to 3%
higher across the board when we're doing the show this time
yesterday Bitcoin was at 57 K, it's now at 56 K Salon I think
was at like 135. It's now at 1:30 and ETH was at
2350 is now at 2300. So kind of down to 3% across the
board. All coins are slightly
underperforming. I think that was mainly because
the the the polls or at least the prediction markets are now
having it back to 5050. Which?
Most people would interpret would be a less favorable
outcome for for Bitcoin. We also had a some CPI dates
today which was kind of mixed. It was the lowest inflation
figure for over three years. That being said, some of the
real wage inflation was slightly higher.
I think this now puts a 25 bit cut as the easily the most
likely now, but I do still think they'll be dovish when they do
that cut. You also have the ECB next week.
So you're going to have probably the two major central banks of
the world cutting rates. There was some continued
strength in the yen. The yen is hitting kind of five
week highs. It's it's almost hitting where
it was at the start of the year again.
So there's also been a little bit of worry about the the the
carry trade unwind. I, I'm worried about that, but
not like crazy worried about it. I think when it initially
happened, you had a blow out in, in a bunch of different things.
And because crypto was the only thing open on a weekend, it got
smashed up. I don't know if the carry trade
is really terrible for, for Bitcoin while markets are open
at least. So we'll see.
We'll see what happens there. But yeah, some of the macro
things are looking a little bit weaker today and that's kind of
dragging us a bit lower. We've, we've gone lower.
As soon as stocks open, really the Dow I think is opened up,
open down around 400 points. So more uncertainty.
I think after that debate, I think the 5050 odds really just
mean it's it's very hard to predict what happened next.
And some people just decide that they don't want to play that
game and they sell and and wait until it's more clear after the
election. So I think that's kind of kind
of where we're at. Bitcoins, it's important here.
Like it looked like it hit, you know, a high low.
We may have a retest here to see if it, it really did.
And then it'll be important to see where it kind of goes from
there. I I'm all DCA in so I'm happy
with this. Oh, right, right.
It's true. You don't want it to RIP now.
You don't want us to win anymore.
For the next 30 days at least. As I said, I think we've got a
little bit of a window here. Yeah.
Election next month, sorry in two months.
But I do think it will probably rally.
So I think kind of a well flagged September volatility,
we've dipped. We haven't dipped as badly as
stocks have dipped in my opinion.
And I think the next big data point here will be the Fed next
week or the ECB next week, I think, but not nothing anymore.
Again this week on that side, there hasn't been much going on
in in in L ones apart from the Ethereum foundation again has
been coming out and selling E7. Not a huge amount, but it's like
getting people annoyed. Solana hit a all time high for
daily active users yesterday. It's an all time high across any
bot chain ever. So Solana users are really
picking up at the break point. Merck came out.
Yes, it was over with. Sean.
What happened to that? Yeah, well, I don't know if it's
coming from meme coins. I'm still a little bit unclear
where it's coming from, but the that looks like Mert said
there's going to be 5 major announcements this month for
Solana. So expect to see quite a lot of
stuff over the next couple of weeks.
Obviously Token is next week and Solana break point, so expect to
see a bunch of different things around that.
But he, he said five major announcements this month.
So yeah, hopefully that. Leads Jakey also, right.
Jakey's working with Solana Foundation clearly on like
content and stuff like that, saying that Solana teams are are
shipping and stuff like that. I mean, there's always a break
point pump like historically, like there's always big point
pump. Now what happens after?
We'll see if it's sell the news or not, given that we're
September and historically September is probably pretty bad
right before October. But you know, we'll we'll see
where that comes from. But dude, like, you know, the
speculation was what, like Fire dancer and then, you know, a few
other things. Any of the other four I have.
No idea, I've haven't heard anything.
Yeah, So people, people can stay bullish on that.
I think Solana has slightly underperformed today, but
nothing crazy. I I do think it's a little bit
consensus that it's now going to RIP into break point.
So I'm a little bit wary of that.
But at the same time, yeah, I think it's, I think it's in a
it's, it's still in a decent spot and there's less civil war
like it appears to be an ETH at the moment, so.
What's this ETH civil war going on because I obviously missed
it. I know that they're relentlessly
dumping ease. I mean, this morning.
I love this art chick tweet. All right, Vitalik, she goes.
I understand it's charity, but this is tone deaf.
ETH is under attack right now. Worst fight in yours maybe ever.
And you're selling into a down trade undermines the progress of
your supporters on this front. ETH holders are not a Piggy Bank
for your altruism. What are you?
What do we think here? What's going on?
I do, I do think from a public relations standpoint, it's not
it's not the best thing to be doing.
I don't think you should be self shaming like, but there's maybe
just a time and a place, you know, Vitalic, they don't need
these headlines. Just just like everyone should
just say, hey, let's just let's just calm down for six months.
Like every single thing we are doing is getting has got a lot
of eyes on it at the moment. Let's just chill.
That's the amount, right? Like it's like it's like 200.
It's like 200. But it's just, I think it's just
continual. That's all it is.
It's that it's endless, right? Hence you know.
Hence he's. Got 600 million right of ETH, so
$600 million worth roughly. So I think it's just, yeah, it's
just a from APR standpoint it's, it's not looking so good.
And I think ETH the main, the main debate at the moment is
just our L2's killing ETH, you know, just a revenue standpoint.
They are posting very few fees for the L ones compared to how
much revenue they're generating. So there's a lot of questions
about how to deal with that. Bread Guy actually has been has
been posting a lot about it and it's been getting a ton of
engagement about it. Yeah, this one right, I think.
No, he's been posting about it for the last month.
He's, he's really in the weeds of the L2 versus L1 revenue
dynamics. This is so free.
Go ahead, Sorry. These are people who want, you
know, we really want ETH to succeed, but this is now
becoming a bit of a a debate that I think the his main
criticism is that the L twos were meant to increase the users
on the L1 and that what they've actually done is drawn users
away from the L1 pretty much every application and now
they're also taking the revenue. So ETH for example like base,
you can say yes an ETH chain but it's using ETH as it's gas fee
right now, but it could change that gas fee to being anything.
And so ETH is increasingly becoming a form of collateral
rather than 100. Percent.
Anything else and that that's becoming an issue like for
monolithic change like Solana, people use soul to buy things a
lot more. And increasingly the users that
are being on boarded from the L2 are not really using ETH apart
from potentially as classical in Defy.
And when the fees are also not being generated by the L1
anymore, then it's a it's a big problem.
Yeah. I mean, I, I think you really
agree with you. I mean, Tyler, do you ever, do
you ever take on that? Yeah, I mean, I think it's it's
kind of hard to argue with what's happening right right
now. And like I, I'm not personally
buying 8th to use it to to spend it.
Just ways to I mean. You can just do it with USDC,
right? Like it's just like you need a
little bit of ETH for gas, not even much on, on most of these L
twos, right? And then you can just move USDC
around. You can move whatever you want.
So it, it's, I understand the argument and also the optics of
them selling right now, especially if when there's
general consensus that things are going to prices are going to
be higher, perhaps in Q4 to the worst month to sell like that.
That's certainly not helping things either.
Yeah, yeah. And that's not the whole charity
thing, but I think, yeah, you're probably right.
You should probably take a chill pill here.
Like at least with Solana Foundation that we know they're
always selling. It's just, it's OK.
You know, it's we know about the inflationary stuff.
We know they're selling. We've accepted.
I, I, I, I I'm not kidding. I got a text from someone saying
that's funny. I'm not joking.
I think Ovie made a great point the other day, which is exactly
how My Portfolio is set up is like he was saying something
along the lines like I want to hold Solana but not Solana
memes. I want to hold ETH memes but not
ETH. And that's exactly My Portfolio.
Like yeah, a little bit of you know, I still have my little
brain let because I love it and then touch it, but like, but you
know, like on ETH, like I only want meme.
I don't know what you guys but it's the only thing I use it
for. I run a Solana meme coin so yeah
I have a. Slightly different.
I mean, you you. Yeah, that's different.
You're you're a Solana meme coin Dad.
You are, you are a Solana meme coin dev.
And I mean, also to to your point also, I am literally
building on and L2. I mean myriad, myriad, myriad is
built on L2, right? So, so it's it's it's different,
but again, like. I think there's over saturation
in Solana meme coins which which I is like.
Impossible talking about this one.
Right. You've.
Called. Coins a day.
It's impossible to deny that. And I I agree with that
sentiment in general. I don't know if I want to own
any meme coin right? Like do I want to?
It's not like mugs survived that sell off either.
Like it's, it's down a lot, right?
It feels like meme coins in general are under attack from
over saturation. Though I do think that the
Solana meme coins are slightly, sorry, the ETH meme coins are
slightly older. There's less saturation on the
chain, but it's not been great across meme coins for a while
now. Right?
Like it's it's, it's it's definitely just been like that.
Interestingly, like D5 coins have come back pretty strongly.
Are they this kind of that a real resurgence in in D5 coins
up about 50% in the last month or so and you start to see other
coins with like actual revenue. So RLB is up 100% from from it's
lows all that. So, so that that remains reminds
me of kind of this time last year or if maybe more like 18
months ago, right where people were looking at buy the, the
buyback ratios, the revenues of protocols.
It's we've returned to bear market stats about like good
risk reward trades. I don't know how to describe
that, but like it's very different than parabolic 100X
rises is right. This looks like it's cheap on a
discounted cash flow burn essentially.
And that's that's very bear market.
That's what I would say, I think.
So many people started to also talk about narrative of like VCs
and low float high of DV coins coming back.
I, I mean, but they're probably paid by people because there's
like unlocks come in. So usually around unlocks you
see a lot of like hashtag grant posts come up.
But I, I saw a lot of that when I was in Asia.
Did you guys see that? I'm seeing like a little bit.
Yeah, I saw some of that chatter on the on the timeline, but not
not a whole lot of people like actually buy them.
I don't know, I feel like it, it's more of a narrative
floating around. Yeah, I feel like people are
like trying to sell a narrative again, and then we're going to
see just the resurgence of fucking meme coins again.
It's going to piss everyone off. I'm not giving up on on the meme
coin bags. I think it's it's harder to pick
the winners, but we saw it even this week when Solana pumped 4%
immediately on the back of it. A lot of the leading memes are
up 20 to 40% and I still think that's going to happen.
I tend to agree with you. I I still think the meme game
feels easier though just because there's less options.
Yeah. Which is probably good for MOG,
but yeah, I mean MOG got got hit pretty hard while you.
Yeah, I did. Anyways, I guess we'll we'll see
where where that takes us. Tyler, Tyler.
Tyler. Our top story this morning,
Crypto slides after Kamala Harris wins last night's debate
according to most consensus sources, and she pulls ahead
slightly in the election market. CPI did comes in on expectation
this morning. Mando mentioned that 50 bits the
odds have dropped below 10% now, so it is looking like 25.
In other news, PayPal and Venmo and its support for E&S when
sending crypto, a major announcement there for ENS.
Trump's crypto product World Liberty Financial was called out
in a House Defy hearing on Tuesday as potential for
consumer harm, with the politicians noting that some had
been harmed due to Tiffany and Laura Trump's X accounts being
hacked. Finance partnered with price
data provider Coin Market Cap to incorporate token unlocking
investing information into its platform.
In protocol news, Magic Heat rolling out new incentives where
users can earn that ME token plus a 50% diamond bonus simply
for buying NFTS or ordinals with the ME wallet Mobile.
So you need the mobile app for that one Bitco selected layer 0
as the official interoperability provider for wrapped Bitcoin,
now $9 billion assets also now available on B&B and AVAX and
Kadison. The Telegram game Telegram back
in the news, they share new AirDrop details for their caddy
token. This is notable because over 35
million people have played this game, though just half of them,
less than half, are eligible for the AirDrop.
In NFT, there's a couple headlines.
X copy is hot. Max Payne up 100% to .82 ETH.
Grifters swept to 11 ETH and 280 ETH.
One O 1 sale yesterday on BLAD on bad labor and then UDI, our
our friend from Taproot Wizards, he introduced Catnip yesterday.
It's a new Bitcoin native token protocol that superchargers
coins built on their OPCAT recursive covenants.
So a bit of a teaser announcement there from Udi.
We need Udi to save ordinals in ruins dude.
Yes. We like only one man at this
stage can while everybody's beefing about who invented
Ordinals protocol, I ended up in the Twitter Spaces the other
night. Just curiosity.
They were like beefing, like really heavily like Sonitus and
like Rock Toshi or a bunch of people just all fighting about
who invented or knows it was. It was actually entertaining,
reminding me of 2021 when we used to fight between cats and
dogs. Speaking of cats and dogs, you.
Have cats and dogs? What a segue, huh?
Yes, I'm pretty proud of myself for that one.
Speaking of cats and dogs debate last night, so I had I was
heavily jet lagged so I did my best.
I watched the 1st 20 minutes and then I collapsed and then when I
woke up I was on my couch and the debate was done.
It looks like Donnie T was was was doing had a good start and
then wake up this morning and people seem to think the
otherwise. So Tyler what what went down
last night? Yeah, I think that's the right
read. So Trump did start strong.
Kamal, I think came out a little bit nervous that you kind of
tell, yeah, she's not used to that, that stage.
But I think that kind of flipped as the debate went on.
Kamala, I think folks have called her a tactician.
I think she has a smart strategy.
She came into this trying to goad him into rants and kind of
veering off policy comments and bringing up things like low
attendance as rallies, people leaving his rallies.
That got him to start ranting, you know, about his rallies.
And that kind of got him off some of his talking points.
In general, I feel like he was a little more unprepared for the
debate than perhaps she was. I think probably because he's
just, he's doing so many rallies, so many speaking
opportunities right now. He probably just feels like he
knows his talking points versus for her.
She is is the exact opposite, right?
She hasn't really done much other than the DNCA handful of
rally appearances. I think she had much more at
stake during the debate last night than than he did with
respect to outcomes. But ultimately, I do think she
she won the debate. I think some of the rants that
the Trump went off went off on did did hurt the the results for
him. I think that the market is
showing that here this morning. So the Poly market line who won?
I mean, it was it was her odds spiked basically as soon as he
started going on some of those rants last night, she jumped to
like 95% favorite. She's at 99% here this morning
to to win. I did not think that she would.
In fact, I I bet that so I had skin in the game.
I did not think she. Would.
I I thought Trump would still be ahead today in the polls.
I didn't think the debate would be strong enough for a four
points drop. And he did.
He dropped four points. So she's up slightly in the
primary election market right now.
I think the reality is it is it is absolutely a cornflunt and no
one has any idea this is a 5050 election right now.
Somewhat notable last night after the debate, I missed this
because I did go to sleep. Taylor Swift came out and
endorsed Kamala. I saw that some people said not,
not a huge surprise. I think somewhat like some
people, well, there's rumors that she was going to perform at
DNC and then some were saying no, why would she do that?
She has a lot to lose with, you know, such a huge fan base.
She pointed to the the Trump campaign using that AI generated
image of her endorsing him that was in her post.
That was clearly a mistake. I mean, maybe she doesn't come
out and and make the the formal post for comma without that.
But she did. And I don't know, as I'm
thinking about how close this election is, like in some ways,
I feel like nothing matters. People's minds are made-up.
But on the other hand, like it's so tight and maybe everything
matters. Like if that Taylor Swift
endorsement flips 1000 voters in the a swing state, maybe that's
enough. So I think it's hard to
underestimate anything here. But from a betting standpoint,
it it was a fun one. I I thought I was rinsed so I
had the handshake. No bet.
It is like loses. And then like Trump right off
the bat, he he for the mentions markets, he starts hitting like
all the long shots like Springfield hit.
I hit Springfield. I saw Springfield going, yeah.
I didn't have I didn't have any of those long shots.
So mine were looking rough. I did it.
I end up pulling out a few wins. No one fake news.
He didn't hit border 15 times. He must have.
He must have hit it 12 to 14 times.
He was he was damn close. And then see some of these long
shots. So Springfield hit, cat hit.
Those are Marxist hit and they all hit like super, super
quickly. Fraud hit.
So yeah, a decent amount of those long shots on the comma
mentions. Let me see, yeah, I'm not going
to have these pull up. Artificial intelligence hit.
Liar did not hit. That was a bad beat because she
said lies. Probably 30. 30 No, Come on.
The liar didn't help. Jesus, you know what?
What's up with this Elon tweet? Is it?
Did Elon? Did Elon propose to have a baby
with Taylor Swift? Is that what I'm reading here?
Oh God I missed this did. You guys not see that I'm
reading this right, right? I will give you a child and
guard your cats with my life. I mean, we know Elon is, I mean,
he, he means this, right? He is.
He is trying to have as many kids as possible to repopulate
the world. He is a a loudspoken proponent
against population decline. So I think he he's a man of his
word here. I don't know how Travis would
would feel about this. But yeah, an interesting choice
there for Elon. Fine Taylor, you win.
I will give you a child and guard your cats with my life.
Yeah. So that was an interesting
tweet. Nate Silver, he, he wrote up an
e-mail last night. I skimmed it this morning.
I mean, he kind of went into his thoughts, but I mean, he's kind
of confirming that it was a win for Kamala, pointed out some of
the mistakes that that Trump had made.
And ultimately, he doesn't think it's going to move the needle
all that much. But he ended at 6436.
Trump, it was down to 6138 yesterday.
We'll, we'll see how the polls come in.
I feel like it's his, his model will likely be a little bit
tighter. He also is kind of starting to
admit that perhaps he was not giving enough credence to her,
her DNC bump in the polls. So I think he's starting to walk
that back. So we'll see what the models
look like here at the end of the week.
Yeah, well, we'll see what happens at the end of this week.
What else, Tyler? What else?
What were the top? Top topic lines Yeah, today.
Yeah. I mean, it was a little bit of a
quiet day on the Ooty comments on Catnet for our NFT audience
out there. So again, this is using the
OPCAT recursive comments allows Bitcoin miners and those to
enforce token rules natively. With catnip users are going to
be able to enjoy features like partially filled orders, easier
token transactions without having to split UTXOS ability to
have bids. So it is bringing some new
functions. It also enables on chain
liquidity pulls and AMS, which should improve token usability
as well. This product is still under
development and it will not be possible and available until
OPCAT is live on on Bitcoin maintenance.
So it's a little bit of a stay tuned thing, but but nice to see
you know, UDI and team are continuing to build and improve
the experience. I mean, you mentioned it part of
like while you're gone, ordinals were were in the chair all the
debates and then I think we talked about this on the show a
few days ago, but notably, no one was arguing over who created
runes because because like no one wants to claim rooms, which
is kind of a state of the of the market right now.
We we had I'm hoping it's not our our final exit pump.
We RSIC back on the show. I get pumped to 100 million.
It's back down below 60 pups is at like 25.
That's. A lot.
Next, next pump. We're selling it.
Next time, next time we'll, we'll sell for sure.
The ENS news, I mean, the the headline is pretty much the
summary, but US users of PayPal, then they'll can now send crypto
payments to ENS usernames thanks to this new integration.
I think it makes the process of of sending crypto a little bit
simpler. But I just in general that the
take away is that PayPal then they'll keep pushing into the
crypto market. All right, try to make it more
accessible. So like we, we always we always
like that and we want to root for that.
And the next copy is clearly 50s been chopping a little bit last
few weeks. I didn't realize it, but I got I
was chatting with anonymous last night and he pointed it out and
man, Max Payne up 100% this month.
Grifters back to 11 folks don't remember grifters had a run to
35 E last year during the bear. That wouldn't surprise me at all
if those ran back up. I think the float in that
collection is pretty low. I think you got a lot of diamond
hand holders. So if the NFTS start to turn
around, if the XRP one O 1's are out of reach for most market
participants, like let's just say it, Max Payne is kind of
like on the on the low, low end grifters are kind of in that
middle where you're like, you could sell a board age, you
could sell a pudgy, you could sell a couple of Suzuki's and
get a grifter only like 600 in supply.
So it's an interesting, it's an interesting set ahead of a
potential NFT winter. 100 per cent.
OK, love to see that. Listen, I I'm hearing that for
the robot spins, I'm going to go to Troy in a second here in the
studio that we have to get a code now.
So we have our own, we have our own little thingy going on.
So the code today, the code today for the first batch of the
$30,000 giveaways that we're doing is Marriott, as you can,
as you could have guessed, honestly, Marriott MYRIAD go to
rafflebot dot XYZ, connect your X account and then and then at
the end of the show, we'll pick two people that will be able to
come up on stage and and potentially win a crypto punk,
right? You guys had a huge win last
week with a with the board ape. Actually, we watched it was
sick. So so so that was great.
So we'll see that. So myriad is the code rafflebot
dot XYZ it's on screen right now.
RAFFLEBOTRAFFLABOT dot XYZ to sign up.
And then Speaking of myriad, I mean shit, we launched this
after the show Monday. I I know it wasn't on on
Tuesday, but you know, maybe tomorrow something I'll be able
to go more into depth with everything.
We get locks on the show next week and we can we can go we can
dive deeper into everything going on has been a lot.
Anyways, let's we want the. Deep dive.
We want the myriad deep. Dive Yeah, I want to I want to
do a deep dive. Sadly, today's too tight, but
maybe next week we'll get locks on and we'll do a whole deep
dive with everybody on the on on stage because I really want we
have a lot to share. But one thing's cool is that
today we're going to hit 1000 users already, so that are that
are entering so 2 days, two days already 1000 people left through
the platform. And so we're going to keep
opening slowly, slowly, slowly until we can open USDC markets
in about a month from now. So things are looking pretty
good. All right, well, let's get Troy
on stage with us. Troy Myers, Troy.
Oh well, he's mogging looking. Hey, what?
Tiger sign mother T-shirt? I brought it.
You got the I brought it all today.
This guy, This guy's is dressed like a meme coin.
You absolutely love to see it. That was the that was the go to,
you know, everyone, all the teams said probably best move is
just to beam it out and get everyone on your side for this.
Yeah, that's usually pretty. That's a usually pretty smart
thing to do. I mean, you absolutely love to.
I mean, you literally do look like your PFP on online.
So we're on video for those. Don't know.
As usual. I absolutely love to see ya.
You are definitely your PFP. That was actually, that was what
I was going for. I was like if I can like mimic
the PFP then I've nailed the actual come to real life
situation. I, I love that.
Well, Troy, let let's, let's get into it.
Thank you for coming up today. I mean, why don't you just start
by telling us what Dapslap is? Or maybe like a little
background? Yeah.
So Dapslap is, well, I mean, I can give you guys a quick
background. I mean, so let's see, I started
in crypto like 2013, got into Bitcoin, then was deep into
Ethereum, launched AD 5 protocol called Barn Bridge.
I was Co founder on that. That was recently shut down by
the SEC. We went to like 2 year long
investigation around everything and during that investigation we
switched into building AI agents and AI backends and a lot of it
was around the idea of actually having AI build like Web 2
applications. When we finalized everything
with the SEC, we decided, well why don't we go back into
actually building Web 3 Daps using AI and that's what Dapslap
is. So Dapslap essentially allows
you to launch a token, a DAO and a DAP on Solana based on a
prompt. OK.
That's a lot. There's a lot in there to
unpack, so if there's anything you want me to go.
Into no, I mean, we definitely want to get into that right,
'cause you get into launch a coin, adapt and adapt and, and
for under $2.00 in one click as, as you guys claim when it comes
to that. So you know what, what did you
mean by that? Like when you, when you, when
you build all that? So like what?
What's the purpose for you like to build all these things in
one? Well, if you, if you want to get
into like a philosophical conversation about it, some of
it really kind of comes from my experience of the ICO network or
the ICOICO time, right. I thought that was probably the
best for retail on return. We saw in the last cycle the
best returns were really for the VCs.
And this cycle it's kind of returned to retail, but through
meme coins, right? So I was like, well, how can we
bring those two worlds together, right?
So if you have an ICO that's, that is a meme coin that also
has a DAP connected to it that is coded by an AI agent and
launched into the Solana blockchain and then owned by
that Dow. Then you have like kind of a new
setup that we've never really seen before.
And it's a fair launch token and anyone can get involved.
And it's, it's kind of a return to to retail, right, to allow
them to get in on these, on these new, these new setups.
So, you know, it seems like there's AAI component to that.
So how does that work 'cause it says tank of liquidity is in
depositing metora and controlled by the Dow and then AI prompt is
sent to DAP generator. So how does this work?
Yeah. So when you make a so if you if
you go to the website, it looks a lot like pump dot fun.
Yes, it. Does but the the big difference
is is there is a field when you go to create a token that allows
you to describe a DAP that you would like to see.
So an easy one would be like rock, paper, scissors on Solana
that allows you to bet on what's going on, right?
And if your token escapes the bonding curve, that prompt will
be sent into our AI DAP generator, which is our we have
a a loving, a loving God by the name of Lord Keck who will build
you a DAP. He will code the entire Solana
Russ contract for you, deploy it into the blockchain, and then
also build you a front end for that Rust program.
We then have the Dow that collects all the trading fees of
the token into a treasury and then the users can actually hire
other devs to like build out the like build more features into
it. And we also plan on like
expanding the marketplace inside of the Dow on a longer term.
So you can see it, you can see it right there.
It's coding, it's putting a back end together, it's launching it
so you can. See all that?
Yeah, yeah. Oh yeah, yeah.
You can watch it in real time. It's pretty.
It's pretty wild to watch if if you get it going.
OK, OK, that's, that's pretty cool.
So how's, how's, how's it been so far for you guys?
Like when did you launch this? We launched like, oh, like like
like a week ago. So this is the first.
Yeah, yeah. Like so we had, so we originally
had another website up that was built around like making AI
build front ends for existing protocols.
So if you had like like take Jupiter or Audius, like Audius
is actually probably the best example.
If you were to take Audius and have like an artist come in and
have them build a front end specifically for certain things
according to what they wanted on the protocol, it would create
like a player and it would create a front end and it would
create like almost like a bespoke profile for for them.
The long term goal was to get to the point where we could
actually build the Rust program and then launch it for them and
then and then integrate the front end changes of like
existing protocols into the program that's already there.
So you can kind of think of it as like lowering the hurdle of
devs like like technical devs, not like mean coin devs into the
space so that anyone can participate inside of Web 3 and
provide value. Even if you have like a great
idea, sometimes the hardest thing is to actually get people
that will build it for you. And there aren't really a lot of
AIS out there that will do that specifically for you.
And what we did was we built an AI specifically for that.
So, So what are some Daps that you you'd like to see built on
there? Like what are some things that
you think would work perfect work pretty well on that?
So in the current integration, I think the best stuff is probably
a little bit simpler, right? So something like a like almost
like meme meme daps. Someone has an idea of like
rock, paper, scissors or let's have a drinking game or I don't
know, like it's hard. It's you can come up with like a
million. There's like everyone has like
an idea for Adapt, but what it is out there I don't know.
You're not for for epic. Yeah.
Like you're not, you're not going to be able to like build
like, like if you come in and you're like, oh, I want to build
like a prediction market that has like multiple pages and
everything. That's not going to happen right
now, but you can come in and like be like, oh, I wanna do
like a like a semi game where we can like bet with my friends and
it will create like a a treasury and then the treasury will like
like, like if you wanna like bet against your friends and stuff
like that, Yeah. All right, got it.
And then I guess like what's next for you guys, right?
Like you just launched last week, you're trying to get this
thing off and going with some dabs and stuff like what's what
are you looking for it next? Yeah.
So I think the the next big moves for us is expanding the
marketplace for the Dows. So the the fees that are being
brought into the the Dow, allowing the users to actually
like pay out and buy like services specifically for those
Daps. I also would really like to see
us take that front end editor integration that we had and
expand that for them. So let's say if you're a user
and you hold the token, you'll be able to create your own front
end for the DAP and then you'll get paid specifically for like
what's going on inside of the DAP.
So like you are kind of like, if you want to like put it in like
a, a basic way, it's like, you know how like Uniswap Labs takes
from the front end fees, like the user who created that front
end would be able to make money off of the front end they
created. So it's, it's about like
empowering all the people that don't have like a lot of
technical abilities, using AI to empower them and then launch all
these like new creations. Sounds good well look sounds fun
sounds sounds pretty sounds pretty exciting for you.
So let us know how things go there and if everyone wants to
build some daps on Solana, it won't go using AII mean hit up
Troy right? Is that the best way to?
Slap some Daps, guys, come and slap some Daps, launch some
tokens. We got Dows ready for you like
everything's there to go. So we look forward to seeing
what everyone wants to bring to the table.
All right, Troy, have a good one, brother.
Thank you for coming. Hey, thanks for having.
Me. All right, all right.
Well, that was a wrap for the partner side of the of the show.