1 00:00:00,480 --> 00:00:08,039 Good morning, good morning GMGM. Welcome to another episode of 2 00:00:08,360 --> 00:00:14,040 FOMO Hour. This is episode 191 nine O Can 3 00:00:14,040 --> 00:00:18,160 you believe it closing in on 200 shows today. 4 00:00:18,600 --> 00:00:24,320 Today is Thursday, August 29th, 244444. 5 00:00:24,520 --> 00:00:29,560 It is cloudy overcast morning here in Chicago today folks. 6 00:00:30,160 --> 00:00:33,880 Feels fairly similar to the the NFT market which feels a little 7 00:00:33,880 --> 00:00:38,280 cloudy and overcast here after this latest SEC wells notice. 8 00:00:38,680 --> 00:00:41,960 Broader markets feel a little overcast today as well after 9 00:00:41,960 --> 00:00:47,040 NVIDIA earnings day did not go off and live up to the high, but 10 00:00:47,280 --> 00:00:51,560 not an overcast day for those in the bet prediction market as 11 00:00:51,560 --> 00:00:55,200 they flip polymarket. We're going to break it all down 12 00:00:55,520 --> 00:00:59,160 on today's show, folks. No Faroque, he is still off in 13 00:00:59,160 --> 00:01:00,800 Asia. No Mando today either. 14 00:01:00,800 --> 00:01:06,160 But we are holding down the house with Logan Hitchcock and 15 00:01:06,360 --> 00:01:08,800 he was on with us yesterday. If you don't know Logan, he is 16 00:01:08,800 --> 00:01:10,880 the editor in chief over at Lucky Trader. 17 00:01:10,880 --> 00:01:15,800 He has been covering the NFT in Web 3 space in depth for years. 18 00:01:15,840 --> 00:01:19,240 Logie, Jim, how you doing? Good morning, Tyler. 19 00:01:19,440 --> 00:01:22,120 Doing well, Hopefully audio better than yesterday. 20 00:01:22,440 --> 00:01:23,920 Maybe it's been off to a better start. 21 00:01:24,000 --> 00:01:25,720 OK, awesome. Yeah, doing well. 22 00:01:25,720 --> 00:01:29,080 Excited to chat, break things down, feel you know, cautiously 23 00:01:29,080 --> 00:01:31,320 optimistic about everything happening right now. 24 00:01:32,400 --> 00:01:35,320 All right, Logie's feeling good. I'm feeling good too, folks. 25 00:01:35,320 --> 00:01:37,200 No hat today. I actually showered. 26 00:01:37,200 --> 00:01:39,120 I don't shower that often before the show. 27 00:01:39,720 --> 00:01:43,320 I have an event at my son's school later this morning. 28 00:01:43,320 --> 00:01:45,000 So we'll probably keep the show a little tighter today. 29 00:01:45,320 --> 00:01:50,120 Probably a 4045 minute episode. Get you in and out of here. 30 00:01:50,120 --> 00:01:53,840 What are we going to talk about? So on today's show, we're going 31 00:01:53,840 --> 00:01:55,240 to start with the quick market report. 32 00:01:55,240 --> 00:01:57,400 I'll do my best to fill in for Mando. 33 00:01:57,600 --> 00:01:59,320 We're going to talk what's happening with this bet 34 00:01:59,320 --> 00:02:01,960 prediction market and some prediction market bets that we 35 00:02:01,960 --> 00:02:04,760 like. We're going to go deeper into 36 00:02:04,760 --> 00:02:08,639 the open sea wells notice story. We're going to talk punks versus 37 00:02:08,639 --> 00:02:11,200 autoglyphs. And then is Logan buying AD 38 00:02:11,280 --> 00:02:12,880 gots. We we got some breaking news 39 00:02:12,880 --> 00:02:15,120 before the show. Logie is bull posting. 40 00:02:15,760 --> 00:02:17,840 So we're going to dive into that a bit. 41 00:02:17,840 --> 00:02:21,440 We've got telegrams ton ton goes down again, the market doesn't 42 00:02:21,440 --> 00:02:26,160 care at all. Abstracts, new wallet soniums, 43 00:02:26,280 --> 00:02:29,280 L2 launch is out plus a lot more. 44 00:02:29,280 --> 00:02:35,960 So we've got a lot to get into on today's show with that with 45 00:02:35,960 --> 00:02:39,880 that, why don't we just dive right into this here. 46 00:02:39,880 --> 00:02:44,520 Let me get my screen share up and going and we will dive into 47 00:02:45,240 --> 00:02:50,000 the the market report here. But for for starters here, 48 00:02:50,880 --> 00:02:55,520 crypto majors up. Let's see one to 2% on the day. 49 00:02:55,520 --> 00:03:01,320 We've got Bitcoin 60,350 E up 2% at 2560. 50 00:03:01,320 --> 00:03:04,800 Solana actually in red on the day. 51 00:03:05,400 --> 00:03:09,920 Somewhat interestingly, if you take a look at the ETFs, so the 52 00:03:09,920 --> 00:03:14,200 Bitcoin ETFs saw another day of outflows, another 105 million 53 00:03:14,200 --> 00:03:19,240 out the door, but ETH Ethereum 6,000,000 in inflows, first 54 00:03:19,280 --> 00:03:24,040 inflow, first Green Day for Ethereum in a couple weeks. 55 00:03:24,800 --> 00:03:28,920 So you certainly love to see that likely driving some of that 56 00:03:28,920 --> 00:03:32,280 positive price action that we saw on the board. 57 00:03:32,280 --> 00:03:36,360 I think that the big story in macro and markets here in the 58 00:03:36,360 --> 00:03:39,280 last day was NVIDIA. People were having the NVIDIA 59 00:03:39,280 --> 00:03:41,720 earnings watch parties apparently across the United 60 00:03:41,720 --> 00:03:47,920 States, across the globe, not not normal market here, but we 61 00:03:47,920 --> 00:03:50,240 got the details. I thought it was a a hit. 62 00:03:50,240 --> 00:03:53,040 I thought it was a win. So what we've got some of the 63 00:03:53,040 --> 00:03:58,320 Walter Bloomberg tweets here. So they let, let's see, second 64 00:03:58,320 --> 00:04:02,080 quarter adjusted earnings per share at $0.68, revenue at 30. 65 00:04:02,960 --> 00:04:06,080 That was a beat over the estimated 28.9 billion. 66 00:04:06,400 --> 00:04:10,040 Their data center revenue was a beat as well. 67 00:04:10,840 --> 00:04:15,240 They saw their they put third quarter revised revenue at 32 68 00:04:15,240 --> 00:04:18,320 1/2 billion. I don't know, I thought overall 69 00:04:18,320 --> 00:04:20,959 it was a pretty good report. I guess they had some cautious 70 00:04:20,959 --> 00:04:24,960 guidance for the near future that their shares did fall about 71 00:04:24,960 --> 00:04:28,560 7 1/2% after those earnings came out. 72 00:04:28,560 --> 00:04:33,760 But then interestingly enough here this morning we saw the 73 00:04:33,800 --> 00:04:36,080 other financial, several financial institutions actually 74 00:04:36,120 --> 00:04:37,880 raised their their price targets. 75 00:04:38,000 --> 00:04:43,320 So Morgan Stanley up at 150, Wells Fargo at 165, Goldman and 76 00:04:43,360 --> 00:04:47,280 1:35. In general, most institutions 77 00:04:47,280 --> 00:04:50,000 still have bullish price targets for Nvidius. 78 00:04:50,000 --> 00:04:54,520 This might just be a blip on the on the radar. 79 00:04:54,720 --> 00:04:57,400 We got a few other data points out. 80 00:04:57,400 --> 00:05:00,320 So jobless, the jobless numbers came in slightly under. 81 00:05:00,320 --> 00:05:06,560 We saw Q2 GDP come in at 3 percent, 2.8% estimate. 82 00:05:07,360 --> 00:05:10,400 In a in some other news, we did see Pavel. 83 00:05:10,400 --> 00:05:11,800 We talked about this. This was breaking news on 84 00:05:11,800 --> 00:05:15,080 yesterday's show. Pavel did get released. 85 00:05:15,080 --> 00:05:17,880 So that polymarket bet resolved to 100%. 86 00:05:17,880 --> 00:05:22,480 Yes, ton did go down again yesterday for the second time in 87 00:05:22,480 --> 00:05:25,000 two days. Ton was down, market didn't 88 00:05:25,000 --> 00:05:28,600 care. Ton coin up 4% on the day, 89 00:05:29,120 --> 00:05:34,920 briefly spiking over over 580 there it seems in the meme 90 00:05:34,920 --> 00:05:37,520 streets. Just more chop. 91 00:05:37,640 --> 00:05:40,080 I think when the majors chop like this, you can pretty much 92 00:05:40,080 --> 00:05:42,560 expect the same from the mean leaders. 93 00:05:42,560 --> 00:05:45,840 We're up a couple points, up two to 3% for the majors. 94 00:05:45,840 --> 00:05:48,400 Most mid tiers kind of the same boat. 95 00:05:48,400 --> 00:05:53,000 Some green on the board, no red, at least that I saw, but also no 96 00:05:53,000 --> 00:05:56,880 huge runners. Runner this fill token 97 00:05:57,200 --> 00:06:00,360 apparently tied to some E balls, but I'm not really sure if 98 00:06:00,360 --> 00:06:02,880 that's true or not. So haven't had a chance to 99 00:06:02,880 --> 00:06:09,320 really dig in to that one, but that's a quick roundup of the 100 00:06:09,320 --> 00:06:11,320 markets low. Just kind of curious here for 101 00:06:11,320 --> 00:06:13,240 your thoughts. We've heard Mando's thoughts we 102 00:06:13,240 --> 00:06:15,480 talked about like Kaleo and other traders thoughts. 103 00:06:16,200 --> 00:06:21,880 What is your market outlook here like kind of macro Bitcoin 104 00:06:21,880 --> 00:06:24,480 crypto majors? Are you aligned to the thesis 105 00:06:24,480 --> 00:06:26,800 that we chopped till the election chopped through the 106 00:06:26,800 --> 00:06:28,000 summer? Kind of what's your, what's your 107 00:06:28,000 --> 00:06:31,000 base case here? Yeah, I mean, it feels like a a 108 00:06:31,000 --> 00:06:33,880 silly default answer, Tyler, but I think just that level of 109 00:06:33,880 --> 00:06:37,640 uncertainty regarding Kamala Trump, you know, and what could 110 00:06:37,640 --> 00:06:42,640 happen in either direction with a win for either party there 111 00:06:43,240 --> 00:06:46,200 just leads us to a more chop. So, you know, I'm, I'm kind of 112 00:06:46,200 --> 00:06:48,880 hunkered down in the Chop St. Like recessed background. 113 00:06:50,800 --> 00:06:54,280 Sorry, am I still here? Yeah, I got you. 114 00:06:54,280 --> 00:06:55,320 I'm not sure where that came from. 115 00:06:55,680 --> 00:07:01,920 OK, Anyway, yeah, I, I, I feel like chop, I think it's a little 116 00:07:01,920 --> 00:07:04,560 silly that, you know, something like NVIDIA, you have the, the 117 00:07:04,560 --> 00:07:08,640 one stock, you know, that might trigger the entire market up or 118 00:07:08,640 --> 00:07:10,640 down. That that stuff's all silly to 119 00:07:10,640 --> 00:07:12,120 me. You know, all the numbers that 120 00:07:12,120 --> 00:07:15,560 come in, you know, from time to time that can send us up or down 121 00:07:15,960 --> 00:07:19,880 for a particular day or two. But until that time of the 122 00:07:19,880 --> 00:07:22,840 election, that is, I'm feeling like we're probably just going 123 00:07:22,840 --> 00:07:25,120 to be having this conversation about up a couple percent, down 124 00:07:25,120 --> 00:07:28,200 a couple percent. Yeah, I mean, that's, that's 125 00:07:28,200 --> 00:07:30,160 probably in line with my base case. 126 00:07:30,160 --> 00:07:33,440 I mean NVIDIA, I mean it it, it's understandable why it's 127 00:07:33,440 --> 00:07:37,240 such a big deal, right. If folks haven't been following 128 00:07:37,280 --> 00:07:42,840 it's market cap is 3 trillion. So it's, it's larger than the 129 00:07:42,840 --> 00:07:46,440 entire crypto industry, it's market cap. 130 00:07:47,240 --> 00:07:50,840 So as a single stock when it moves, it does shake the the 131 00:07:50,840 --> 00:07:55,760 rest of markets. But, you know, I feel like it 132 00:07:55,760 --> 00:07:57,880 was a situation where it had just been sun running and 133 00:07:57,880 --> 00:08:01,560 everything had to be perfect for it to to pop green after 134 00:08:01,560 --> 00:08:03,560 earnings at a $3 trillion market cap. 135 00:08:03,560 --> 00:08:07,560 And it wasn't perfect, but it's still, you know, doing just 136 00:08:07,560 --> 00:08:09,360 fine. It's up 9% on the month. 137 00:08:10,320 --> 00:08:12,560 Wouldn't be too concerned about NVIDIA. 138 00:08:12,920 --> 00:08:19,080 I think a big macro headline that jumped out to me on the day 139 00:08:19,080 --> 00:08:20,680 it was in the prediction market streets. 140 00:08:20,680 --> 00:08:23,880 So folks, we talked about Polymarket quite a bit on this 141 00:08:23,880 --> 00:08:28,840 show, but one of their shiny new competitors bet tied to the 142 00:08:28,840 --> 00:08:35,000 drift protocol over on Solana, a smashing day yesterday, $20 143 00:08:35,320 --> 00:08:40,320 million in daily volume. That's nearly 10X their their 144 00:08:40,320 --> 00:08:45,920 prior all time high of 1.2 million on the day. 145 00:08:45,920 --> 00:08:50,080 It seems like that the money was mostly spent in their primary 146 00:08:50,080 --> 00:08:53,280 election markets. But Logan, curious for your 147 00:08:53,280 --> 00:08:55,400 thoughts. Have you been following that at 148 00:08:55,400 --> 00:08:57,560 all? Any reactions to them flipping 149 00:08:57,560 --> 00:08:59,280 Poly on the day? Yeah. 150 00:08:59,280 --> 00:09:01,760 So I was excited for the launch. Of course, everybody looking 151 00:09:01,760 --> 00:09:04,600 for, you know, another option in terms of prediction markets 152 00:09:04,600 --> 00:09:07,960 given the heat surrounding them, not many markets open, right? 153 00:09:07,960 --> 00:09:12,400 Only four I'm seeing total yesterday's outburst. 154 00:09:12,400 --> 00:09:14,600 Nothing to explain that from my perspective. 155 00:09:14,600 --> 00:09:18,040 I haven't been able to dig too deep into the wallets or 156 00:09:18,040 --> 00:09:20,400 anything like that at this point in time. 157 00:09:20,400 --> 00:09:24,880 But I'm seeing like almost 21 million bet on the popular vote. 158 00:09:25,680 --> 00:09:29,600 I think you know the experience on Solana. 159 00:09:29,760 --> 00:09:32,760 Of course, when you're comparing Solana to Polygon, Solana to 160 00:09:32,960 --> 00:09:36,480 most other block chains, right, Superior, we found that out with 161 00:09:36,480 --> 00:09:38,360 Memecoin. So I think that has a real 162 00:09:38,360 --> 00:09:40,240 opportunity. Of course it's going to have to 163 00:09:40,240 --> 00:09:44,560 open up more markets, going to have to probably go through some 164 00:09:44,560 --> 00:09:47,360 trial and error with like resolutions and things like 165 00:09:47,360 --> 00:09:50,560 that, that Polymarket's already done and kind of gotten out of 166 00:09:50,560 --> 00:09:53,680 the way. But you know, why not have a a 167 00:09:53,680 --> 00:09:56,800 strong competitor alongside with a, a different experience? 168 00:09:56,800 --> 00:09:59,800 I think it makes a lot of sense. I've not participated as I, as I 169 00:09:59,800 --> 00:10:02,520 mentioned, but I'm keeping an eye on it and open to 170 00:10:02,520 --> 00:10:05,760 participating, like I said, just because of the just the ease of 171 00:10:05,760 --> 00:10:08,040 using Solana. Yeah, I did make a Polymarket 172 00:10:08,040 --> 00:10:10,040 bet this morning. Maybe we'll talk about that. 173 00:10:10,600 --> 00:10:14,480 But you know, again, I had to send USDC via Polygon. 174 00:10:14,480 --> 00:10:16,440 It's not that big of a deal. You know it takes a couple 175 00:10:16,440 --> 00:10:17,800 seconds. Longer or whatever. 176 00:10:19,360 --> 00:10:20,680 It's an annoying onboarding process. 177 00:10:20,680 --> 00:10:25,080 Let's let's just be honest about it, like kept a lot of out of 178 00:10:25,080 --> 00:10:28,320 Poly market. It's like it's the five steps to 179 00:10:28,360 --> 00:10:30,520 to get your money over there because once your money's there, 180 00:10:30,640 --> 00:10:33,000 like you're, you're locked in, I feel like. 181 00:10:33,400 --> 00:10:36,080 I mean, it took me, it took me 30 seconds. 182 00:10:36,080 --> 00:10:37,480 I bridged. No, it did not. 183 00:10:38,000 --> 00:10:39,680 You did not set up a polymarket account. 184 00:10:39,880 --> 00:10:40,640 Start to? Well, no. 185 00:10:41,240 --> 00:10:43,760 Sorry, I already I had an outstanding account. 186 00:10:43,800 --> 00:10:47,600 I funded the account in, I don't know, 30 seconds to a minute, 2 187 00:10:47,600 --> 00:10:50,480 minutes. I bridged USDC from base to 188 00:10:50,480 --> 00:10:54,520 Polygon and then sent it in and activated it and then made the 189 00:10:54,520 --> 00:10:56,080 bad. I mean, two minutes, it's not 190 00:10:56,080 --> 00:10:58,080 that bad, especially if you're crypto native. 191 00:10:58,520 --> 00:11:01,600 If you're not, it's not good. Yeah, that's too many steps and 192 00:11:01,600 --> 00:11:04,640 that's where you know, in terms of getting somebody from zero to 193 00:11:04,640 --> 00:11:07,560 100 off the ground. Polymarket of course, huge 194 00:11:07,560 --> 00:11:09,320 advantage in terms of name brand. 195 00:11:09,720 --> 00:11:13,080 The collaborations, it's done with Sub Stack and Perplexity. 196 00:11:13,480 --> 00:11:17,720 Those are great, fantastic in terms of top of funnel brand 197 00:11:17,720 --> 00:11:20,040 awareness. Drift has a huge hill to climb. 198 00:11:20,680 --> 00:11:25,240 Drift has far less to climb in terms of getting funds on site 199 00:11:25,520 --> 00:11:27,480 in my opinion. Interesting. 200 00:11:27,480 --> 00:11:31,840 Yeah, that's a good point. What stands out to me is 201 00:11:31,960 --> 00:11:34,880 Polymarket has brought so much attention to prediction markets 202 00:11:34,880 --> 00:11:39,040 that it does make sense for big players to be monitoring the 203 00:11:39,040 --> 00:11:41,280 competitors because of things like Arps. 204 00:11:41,680 --> 00:11:44,600 Like if there's an interesting arm spot or a middle on some 205 00:11:44,600 --> 00:11:46,960 bets across these different marketplaces, that's going to be 206 00:11:46,960 --> 00:11:50,800 a juicy opportunity, which I think is an advantage to the the 207 00:11:50,800 --> 00:11:54,680 next round of players who come in notably not predict that 208 00:11:54,680 --> 00:11:58,120 Funk, who got 900 thousand blast gold to launch on blast this 209 00:11:58,120 --> 00:12:00,080 month and has not. So that gold is going to be 210 00:12:00,080 --> 00:12:02,400 rolling over to. Next month, I think Pac-Man 211 00:12:02,680 --> 00:12:06,280 Pac-Man just tweeted that he's excited for it, so it must must 212 00:12:06,280 --> 00:12:08,320 be coming. I mean he must be connected. 213 00:12:09,200 --> 00:12:11,200 He is. I would be excited for it too, 214 00:12:12,680 --> 00:12:15,880 in an ecosystem that that is in desperate need of more apps 215 00:12:16,000 --> 00:12:19,840 right now to bring in users. So let's take a look at the Poly 216 00:12:19,840 --> 00:12:23,760 Market board, a few that jumped out to me just quickly as a, you 217 00:12:24,000 --> 00:12:26,840 know, debrief on the news. So there's been the headlines of 218 00:12:26,960 --> 00:12:32,880 a large attack coming from Iran that's imminent polling market 219 00:12:32,880 --> 00:12:35,400 has that at 5% shot. So I feel like we keep seeing 220 00:12:35,400 --> 00:12:37,760 these headlines on Twitter and they just never come to 221 00:12:37,760 --> 00:12:39,680 fruition. I think that's why the market 222 00:12:39,680 --> 00:12:43,760 isn't really reacting to those headlines anymore. 223 00:12:44,920 --> 00:12:48,520 We've got Trump still ahead in the in the election. 224 00:12:48,520 --> 00:12:51,000 That why I think that's interesting folks. 225 00:12:51,000 --> 00:12:54,880 We called this bet out on the show it just a few days ago. 226 00:12:55,240 --> 00:12:59,240 If RFK drops out, who will gain more in the polls? 227 00:12:59,800 --> 00:13:18,680 That was at 66% comma shoes for us here this morning. 228 00:13:18,680 --> 00:13:23,360 Looks like we are back. Logie, just just recapping here 229 00:13:23,360 --> 00:13:26,640 the the RFK bet for our our listeners. 230 00:13:26,640 --> 00:13:30,480 It looks like this one is going to resolve. 231 00:13:30,680 --> 00:13:35,080 Yes. So fun call earlier this week on 232 00:13:35,080 --> 00:13:37,200 the show. But yeah, you mentioned that you 233 00:13:37,200 --> 00:13:40,440 may have bet. So I'm curious what what jumped 234 00:13:40,440 --> 00:13:43,840 out to you? Yeah, you shared the Trump town 235 00:13:43,840 --> 00:13:48,320 hall market. What words will be said Just a 236 00:13:48,960 --> 00:13:52,320 just a quick scroll through and I'm not paying attention nearly 237 00:13:52,320 --> 00:13:54,920 as closely as you are as to what Trump's saying, what the agenda 238 00:13:54,920 --> 00:13:57,320 is for some of these items. But just a quick scroll through 239 00:13:57,320 --> 00:14:00,360 down near the bottom you'll see the Durav, Pavel, Durav. 240 00:14:00,360 --> 00:14:02,680 He can say either Pavel or Durav. 241 00:14:04,160 --> 00:14:09,360 This just scream no to me. Like I'm skeptical that it's 242 00:14:09,360 --> 00:14:11,000 going to sound hyperbolic. Oh, it is hyperbolic. 243 00:14:11,000 --> 00:14:13,480 I'm skeptical that Trump really knows, you know who this 244 00:14:13,480 --> 00:14:17,800 gentleman is. Too much, of course, huge 245 00:14:17,800 --> 00:14:21,520 ramifications around privacy, freedoms, all that type of 246 00:14:21,520 --> 00:14:23,920 stuff. So it, it's a big deal, but it's 247 00:14:23,920 --> 00:14:26,880 Trump going to say Pavel Durov. Why? 248 00:14:27,040 --> 00:14:32,440 I, I, I bet, I bet no. I bet no low liquidity, but I 249 00:14:32,440 --> 00:14:35,640 bet no. I'll take $13 on like a $80.00 250 00:14:35,640 --> 00:14:38,480 bet or whatever. You can throw 1000 bucks into 251 00:14:38,480 --> 00:14:43,960 this and make 100 bucks. It's probably a pretty safe 252 00:14:44,360 --> 00:14:46,160 $100. I would be pretty shocked if he 253 00:14:46,160 --> 00:14:49,640 says Pavel Durrell. So the bet today folks, what 254 00:14:49,640 --> 00:14:53,000 will Trump mention say during the Wisconsin town hall? 255 00:14:53,000 --> 00:14:56,240 I don't know if this town hall is a different set up from his 256 00:14:56,240 --> 00:15:00,120 prior rallies because these odds are are strikingly different 257 00:15:00,120 --> 00:15:04,600 from where they have been. Tampon down at 62% jumps out 258 00:15:04,600 --> 00:15:07,000 Comrade Kamala at 3 plus times that. 259 00:15:08,000 --> 00:15:11,160 That's a very interesting one. You get paid 150% and will he 260 00:15:11,160 --> 00:15:12,680 say that? That's a pretty frequent 261 00:15:12,680 --> 00:15:16,840 tagline. Or Trump World War three I'd 262 00:15:16,840 --> 00:15:20,720 probably pick the no side on if I had to bet that alien five 263 00:15:20,720 --> 00:15:25,000 times at $0.30 is very juicy. The last Trump speech that I 264 00:15:25,000 --> 00:15:28,280 listened to, he said illegal alien at least a dozen times. 265 00:15:28,880 --> 00:15:31,920 So that would be the context of that word comes up. 266 00:15:32,320 --> 00:15:36,400 I like that quite a bit as an underdog drill, baby drill. 267 00:15:36,400 --> 00:15:38,160 I don't know that I've ever heard him get a speech and not 268 00:15:38,160 --> 00:15:41,080 say that. So at at a coin flip, 100% 269 00:15:41,080 --> 00:15:43,920 return on drill, baby drill. I kind of like that you 270 00:15:43,920 --> 00:15:46,920 mentioned the no on Dirof. I don't usually bet a whole lot 271 00:15:46,920 --> 00:15:50,160 of the big favorites. I think that one is a lock 272 00:15:51,120 --> 00:15:55,800 border 10 plus times at 60-7 cents and then border 25 times 273 00:15:55,840 --> 00:15:59,760 at 18 cents is interesting. Will he say border 25 times? 274 00:15:59,800 --> 00:16:03,200 It likely depends on how long this town hall is. 275 00:16:03,200 --> 00:16:04,640 So I would need to take a look at that. 276 00:16:04,640 --> 00:16:09,760 But honestly, I I'm tempted to to take a flyer on border at 25 277 00:16:09,760 --> 00:16:12,000 times. But this is this is an 278 00:16:12,000 --> 00:16:13,480 interesting one. The other one that's 279 00:16:13,480 --> 00:16:15,480 interesting. The right guy. 280 00:16:15,480 --> 00:16:16,920 We talked about this on yesterday's show. 281 00:16:17,240 --> 00:16:18,760 Let's see. Oh, it looks like not a whole 282 00:16:18,760 --> 00:16:22,040 lot of action has come in. Will thread guy interviewed 283 00:16:22,040 --> 00:16:26,640 Trump before October. The odds briefly spiked to $0.50 284 00:16:26,680 --> 00:16:29,880 yesterday, but I think likely tied to low liquidity in the 285 00:16:29,880 --> 00:16:33,280 market. It's back eighteen cents here. 286 00:16:33,280 --> 00:16:36,400 I, I threw a little bit on my old, my old friend thread guy. 287 00:16:36,400 --> 00:16:37,840 I think he's going to land this one. 288 00:16:38,320 --> 00:16:43,440 I like the I like the terms of the bet, but that's a good, good 289 00:16:43,440 --> 00:16:47,200 roundup of prediction markets. I want to get into the the lead 290 00:16:47,200 --> 00:16:50,320 story from the day we broke the news on yesterday's show, but we 291 00:16:50,320 --> 00:16:52,840 didn't really have a chance to to dive into it. 292 00:16:53,240 --> 00:16:56,160 Folks, Open C is under attack. It seems like Gary's Gary 293 00:16:56,160 --> 00:17:00,440 Ginsler's days at the SEC might be numbered, but he is not going 294 00:17:00,440 --> 00:17:04,359 down without a fight. And now he's going after NFTS. 295 00:17:04,359 --> 00:17:07,760 So what happened yesterday? Open C announced it has received 296 00:17:07,760 --> 00:17:11,440 a Wells Notice from the SEC and is expecting a lawsuit over 297 00:17:11,440 --> 00:17:15,440 their belief that NFTS are securities and that Open C 298 00:17:15,440 --> 00:17:18,480 enabled the selling of said securities on their platform. 299 00:17:19,240 --> 00:17:23,160 This is not the first time we have seen NFTS come under fire, 300 00:17:23,160 --> 00:17:26,440 with the SEC seeing prior success coming after individual 301 00:17:26,440 --> 00:17:29,840 founders like Tom Billiu and his Impact Theory collection along 302 00:17:29,840 --> 00:17:33,880 with Mila Kunis's Stoner Cats. But this is the first time the 303 00:17:33,880 --> 00:17:37,600 SEC has come after an NFT marketplace like Open C with 304 00:17:37,600 --> 00:17:40,920 more broad sweeping charges. They have not provided any 305 00:17:40,920 --> 00:17:44,400 additional detail on which specific NFT products or types 306 00:17:44,560 --> 00:17:47,000 of NFTS might fall under scrutiny. 307 00:17:47,720 --> 00:17:52,240 Open C is pledging $5,000,000 to cover legal fees for any artists 308 00:17:52,240 --> 00:17:57,440 and or developers which may also receive Wells notices too. 309 00:17:57,440 --> 00:17:59,800 And I'm quoting here. Ensure creators can continue 310 00:17:59,800 --> 00:18:02,840 innovating without fear. I think that that was a very 311 00:18:02,840 --> 00:18:05,520 nice step from Open C, but I think that also might have 312 00:18:05,520 --> 00:18:07,680 spread some fear in the markets. What? 313 00:18:07,680 --> 00:18:09,600 We'll come back to that here in a second. 314 00:18:10,440 --> 00:18:12,600 So what are folks saying about this? 315 00:18:13,440 --> 00:18:16,280 Devin Finzer, CEO of Open Sea, He commented in his long 316 00:18:16,280 --> 00:18:19,120 announcement post. Cryptocurrencies have long been 317 00:18:19,120 --> 00:18:21,600 in the crosshairs of the SEC, but this is a move into 318 00:18:21,600 --> 00:18:24,800 uncharted territory. By targeting NFTS, the SEC would 319 00:18:24,800 --> 00:18:27,240 stifle innovation on even broader scale. 320 00:18:27,240 --> 00:18:29,880 Hundreds of thousands of online artists and Koreans are at risk, 321 00:18:30,280 --> 00:18:33,480 and many do not have the resources to defend themselves. 322 00:18:33,600 --> 00:18:36,720 Then congressmen are weighing in on this as well. 323 00:18:36,720 --> 00:18:38,840 So pro crypto Democrat. Wiley, Nick. 324 00:18:39,480 --> 00:18:43,440 He called the SEC's approach regulation by enforcement and a 325 00:18:43,440 --> 00:18:47,920 blatant abuse of power that erodes trust and transparency in 326 00:18:47,920 --> 00:18:51,600 our regulatory system. He went on further to say that 327 00:18:51,600 --> 00:18:55,360 actions like this could derail the progress driving digital 328 00:18:55,360 --> 00:19:00,000 innovation in the United States. So some strong words there from 329 00:19:00,040 --> 00:19:02,960 Wiley Nickel and I think some interesting comments also from 330 00:19:02,960 --> 00:19:05,880 Jake Tervinsky. He said the idea that a 331 00:19:05,880 --> 00:19:08,800 financial markets regulator established in the 1930s would 332 00:19:08,800 --> 00:19:12,480 have jurisdiction over digital art in the twenty 20s defies not 333 00:19:12,480 --> 00:19:16,840 only common sense, but also the SEC statutory authority. 334 00:19:17,360 --> 00:19:21,360 I do think it's hard to argue with a lot of those statements 335 00:19:21,360 --> 00:19:24,000 here. But Logie, you know, curious for 336 00:19:24,000 --> 00:19:25,400 your thoughts. We didn't have a chance to dive 337 00:19:25,400 --> 00:19:27,960 into this yesterday. What What are some of your 338 00:19:27,960 --> 00:19:30,240 reactions now that we've had a data to digest this? 339 00:19:30,840 --> 00:19:32,960 Yeah, I mean disappointing, of course. 340 00:19:33,440 --> 00:19:35,960 It's tough to, as you mentioned, disagree with a lot of what's 341 00:19:35,960 --> 00:19:38,880 shared there. We know whether it be from the 342 00:19:38,880 --> 00:19:43,200 Congressman or or Jake Javinsky kind of takes the words out of 343 00:19:43,200 --> 00:19:46,000 my mouth, at least from someone who's actively participating in 344 00:19:46,000 --> 00:19:49,560 this market. I definitely see a little bit of 345 00:19:49,560 --> 00:19:53,800 the both sides of the positivity surrounding Open C here and 346 00:19:53,800 --> 00:19:59,120 taking A, he felt sort of like a community rallying yesterday 347 00:19:59,120 --> 00:20:02,400 around open sea in a positive way, which hasn't happened in a 348 00:20:02,400 --> 00:20:04,760 really long time. But then as you mentioned, a 349 00:20:04,760 --> 00:20:07,280 little bit of the fear and doubt creeping in when they're 350 00:20:07,280 --> 00:20:10,600 pledging $5,000,000. That feels like a lot to pledge 351 00:20:10,600 --> 00:20:13,600 almost with expectation that more and more creators are going 352 00:20:13,600 --> 00:20:16,520 to, you know, fall on the sword here. 353 00:20:16,960 --> 00:20:19,880 So I, I see both sides. It is a little scary at the same 354 00:20:19,880 --> 00:20:22,880 time. I mean, why pick this fight? 355 00:20:23,880 --> 00:20:28,080 You know, if you're the SEC, it just seems like I don't know 356 00:20:28,400 --> 00:20:30,800 like I've seen all the clips about the Pokémon cards back and 357 00:20:30,800 --> 00:20:32,680 forth right that there's that testimony. 358 00:20:34,720 --> 00:20:36,640 It was Gensler and I can't remember the representatives 359 00:20:36,640 --> 00:20:38,680 name right the back and forth about the tokenization of the 360 00:20:38,680 --> 00:20:41,920 Pokémon cards that got re pushed on my timeline this morning as 361 00:20:41,920 --> 00:20:44,600 well. It's just like, you know, you're 362 00:20:44,600 --> 00:20:48,640 unifying and helping rally a a group of individuals and 363 00:20:49,040 --> 00:20:54,440 companies that, you know, I don't know at this point in 364 00:20:54,440 --> 00:20:56,880 time, it's not like we've had, we've been, you know, 365 00:20:57,000 --> 00:21:00,320 solidified, unified in, in certain ways, but there's still 366 00:21:00,320 --> 00:21:02,720 plenty of infighting between block chains and things like 367 00:21:02,720 --> 00:21:04,040 that. And now you're asking for 368 00:21:04,040 --> 00:21:08,720 everybody to sort of get along, join the fight alongside Open C 369 00:21:08,720 --> 00:21:11,320 and just I don't know why. I don't know why. 370 00:21:11,320 --> 00:21:14,480 I mean, I, I think it that's a, that's a positive for our 371 00:21:14,480 --> 00:21:17,720 ecosystem to be able to hopefully fight together on 372 00:21:17,720 --> 00:21:21,400 this, gain the clarity that's necessary from a regulation 373 00:21:21,400 --> 00:21:25,760 perspective and move forward. It's a negative unfortunately 374 00:21:25,760 --> 00:21:29,280 for any of those impacted at an individual level, whether it be 375 00:21:29,280 --> 00:21:31,080 a creator, developer, none the less so. 376 00:21:32,160 --> 00:21:36,680 So so rate your concern levels for creators and developers? 377 00:21:36,680 --> 00:21:38,880 Or do you think digital artists should be concerned? 378 00:21:41,040 --> 00:21:44,680 I don't think so. Like, you know, small digital 379 00:21:44,680 --> 00:21:48,200 artists, even notable digital art people, right? 380 00:21:48,200 --> 00:21:50,480 Like, I don't think people should be worried about stuff 381 00:21:50,480 --> 00:21:53,840 like that. If you are an NFT project like 382 00:21:54,360 --> 00:21:59,840 Tom Bill You's impact theory like Stoner Katz, Yeah, if you 383 00:21:59,840 --> 00:22:04,080 made a big splashy wave in 2021, if you raised a ton of money via 384 00:22:04,080 --> 00:22:07,760 a mint, you know, maybe maybe if you haven't already received it, 385 00:22:07,760 --> 00:22:08,960 right. You heard Mando on the show 386 00:22:08,960 --> 00:22:12,920 yesterday say that you know, the kind of the the rumors about 387 00:22:13,000 --> 00:22:16,040 many more being sent out and we would eventually find out about 388 00:22:16,040 --> 00:22:17,360 them. If you haven't already received 389 00:22:17,360 --> 00:22:20,360 it, you know, maybe you are a little worried four or five 390 00:22:21,320 --> 00:22:24,240 otherwise, you know, I don't think you need to be overly 391 00:22:24,240 --> 00:22:26,640 concerned here. Let the big dogs fight this out 392 00:22:26,640 --> 00:22:30,120 and you know, hopefully open C and and the powers that be from 393 00:22:30,120 --> 00:22:34,240 the web three community find a a peaceful and positive resolution 394 00:22:34,240 --> 00:22:36,560 for all US participants. Yeah, I think there's just 395 00:22:36,560 --> 00:22:39,840 clearly so much nuance to this. I think digital art is totally 396 00:22:39,840 --> 00:22:42,400 safe. But like, if you remember, like 397 00:22:42,400 --> 00:22:48,000 Stoner Katz did an NFT sale to raise money to fund a movie that 398 00:22:48,000 --> 00:22:50,400 the holders would have the chance to to benefit from. 399 00:22:50,400 --> 00:22:53,000 So that was a little bit more of a clear cut case. 400 00:22:53,000 --> 00:22:55,640 And then I forget some of the details for Tom Billy's impact 401 00:22:55,640 --> 00:22:57,400 theory. But it was also a huge raise, 402 00:22:57,680 --> 00:23:01,480 $30 million raise from a pretty big name, you know, similar 403 00:23:01,480 --> 00:23:03,680 conditions. We've seen other NMT collections 404 00:23:03,680 --> 00:23:06,880 go as far as, you know, promising dividends. 405 00:23:07,560 --> 00:23:10,640 So there are are more blatant abuses than pure. 406 00:23:10,720 --> 00:23:14,520 OK, I'm an artist dropping digital art as NFTS, so I don't 407 00:23:14,520 --> 00:23:18,800 think that bucket should be too concerned here. 408 00:23:19,200 --> 00:23:22,760 I think the question from a market standpoint, could NFTS 409 00:23:22,760 --> 00:23:27,280 rally off of this? And I think punks, punks have 410 00:23:27,280 --> 00:23:30,400 been leading the way for NFTS. It seems like this last month, 411 00:23:31,080 --> 00:23:34,280 yesterday was quietly a big day. I didn't really see a whole lot 412 00:23:34,280 --> 00:23:38,680 of folks talking about this. But if you go through the last 413 00:23:38,840 --> 00:23:42,760 couple days of punk sales, they're almost all above floor, 414 00:23:42,760 --> 00:23:47,480 like 30 to 50% above floor. So it's folks shopping for 415 00:23:47,480 --> 00:23:53,720 actual nice aesthetic punks with multiple 3938 each sales across 416 00:23:53,800 --> 00:23:57,280 the board. So I'm curious for your 417 00:23:57,280 --> 00:23:59,840 thoughts, Hyla, I want to get into this a little bit more in 418 00:23:59,840 --> 00:24:03,200 depth, but do you think we might see an NFT rally off? 419 00:24:03,200 --> 00:24:07,440 The bat, I do think that, you know, again, pulling together 420 00:24:07,440 --> 00:24:10,400 these communities in this big fight, I do think you could find 421 00:24:10,720 --> 00:24:15,200 a rally on the back of this. Interestingly, the rally I think 422 00:24:15,200 --> 00:24:19,000 could, you know, kind of diverge in in two ways. 423 00:24:19,000 --> 00:24:22,800 One being, you know, everything sort of rallies as the broader 424 00:24:22,800 --> 00:24:26,920 sentiment is positive. The other being assets like 425 00:24:26,920 --> 00:24:30,680 punks that don't have nearly as much concern, right? 426 00:24:30,680 --> 00:24:32,080 They kind of fall into that bucket. 427 00:24:32,200 --> 00:24:35,360 Literally. Yeah, flight to safety, that 428 00:24:35,360 --> 00:24:39,000 that's the other thing here. Like, you know, Yuga of course 429 00:24:40,320 --> 00:24:43,080 would be one of the first, if they haven't already, right? 430 00:24:43,080 --> 00:24:47,320 There's receive something. We'd be one of the first 431 00:24:47,480 --> 00:24:50,280 communities that you would be like, OK, like there's a lot 432 00:24:50,280 --> 00:24:51,840 here. There's a lot happening. 433 00:24:51,840 --> 00:24:54,600 There's a lot of the word utility, those types of things. 434 00:24:56,040 --> 00:24:58,680 If I was somebody that's concerned based on yesterday's 435 00:24:58,680 --> 00:25:01,240 announcement, I would be probably moving away from those 436 00:25:01,240 --> 00:25:03,400 assets into something like punks or art. 437 00:25:03,960 --> 00:25:07,640 So I could see both ways, Tyler. But you know, in both those 438 00:25:07,640 --> 00:25:10,880 scenarios though, there's a positive for NF TS. 439 00:25:10,880 --> 00:25:14,360 I, I definitely see, you know, rally as a, as an option, 440 00:25:14,680 --> 00:25:17,160 especially because I feel like we are building momentum anyway. 441 00:25:17,800 --> 00:25:19,760 Maybe that's foolish. Sounds. 442 00:25:20,840 --> 00:25:25,240 But you know, cuz volumes are still like not very great, those 443 00:25:25,240 --> 00:25:28,160 types of things. But I feel like we are building 444 00:25:28,160 --> 00:25:29,760 momentum. And this is just another one of 445 00:25:29,760 --> 00:25:32,800 those things where it's kind of like, you know, not to liken it 446 00:25:32,800 --> 00:25:35,560 to anything too graphic, but it's like, you know, you, you 447 00:25:35,560 --> 00:25:38,000 beat up the little guy a little bit and now the little guy and 448 00:25:38,000 --> 00:25:40,520 all his friends want to kind of fight, you know, fight back. 449 00:25:40,840 --> 00:25:45,120 Viva la revolution so now NFTS are are are counter their their 450 00:25:45,120 --> 00:25:47,560 cyber cyberpunk. Here I thought what was an 451 00:25:47,560 --> 00:25:53,880 interesting coincidence. Not sure the right term here, 452 00:25:53,880 --> 00:25:59,360 but Rudia sold an Autoglyph 3 hours ago for 99.95 ETH. 453 00:26:00,200 --> 00:26:03,960 That's a notable sale because it is the lowest Autoglyph sale in 454 00:26:04,000 --> 00:26:08,920 E terms since July 2021. So he just marked a three-year 455 00:26:08,920 --> 00:26:12,120 low. And here an easy narrative to 456 00:26:12,120 --> 00:26:15,560 craft would be flight to safety like assets like Autoglyphs 457 00:26:15,760 --> 00:26:18,160 right? Which are like the the most the 458 00:26:18,240 --> 00:26:21,280 the furthest on the spectrum from a security. 459 00:26:21,280 --> 00:26:24,400 And here we had the lowest sale in in three years. 460 00:26:24,400 --> 00:26:26,880 This actually sparked an interesting question for me 461 00:26:26,880 --> 00:26:27,280 here. Logan. 462 00:26:27,280 --> 00:26:30,600 I'm curious for your thoughts. So Autoglyphs, let's say the 463 00:26:30,600 --> 00:26:33,040 floor is, let's say you can get one for 90 ETH. 464 00:26:33,040 --> 00:26:35,720 The punk floor is 30 ETH. Which do you take? 465 00:26:35,840 --> 00:26:41,520 3 punks or one Autoglyph? Yeah, give me 3 punks To me. 466 00:26:41,560 --> 00:26:44,520 To me, it's not much debate. There's a lot of probably 467 00:26:44,520 --> 00:26:48,960 personal nuance in there. I like the the punk's narrative 468 00:26:48,960 --> 00:26:51,680 better. I like the punk's ability to 469 00:26:51,680 --> 00:26:54,120 create and curate community better. 470 00:26:55,920 --> 00:26:59,600 I like the punk's ability to flex status better than 471 00:26:59,600 --> 00:27:01,600 Autoglyphs. And so that that's why for me, 472 00:27:01,600 --> 00:27:04,560 it's it's pretty easy. You know, if you're a pure art 473 00:27:04,560 --> 00:27:07,200 guy and you can't connect to any punks. 474 00:27:07,240 --> 00:27:08,360 Yeah, I could. I could see auto. 475 00:27:08,440 --> 00:27:11,360 I mean, owning an Autoglyph is not not a bad idea. 476 00:27:12,000 --> 00:27:15,640 The flight to safety though that you know, ultimate safety cold 477 00:27:15,640 --> 00:27:19,080 our cash, right. So that's always in play as 478 00:27:19,080 --> 00:27:21,040 well. But I think. 479 00:27:21,520 --> 00:27:23,240 Yeah, interesting. It's not much below floor. 480 00:27:23,240 --> 00:27:26,600 It's not like he like took a like a low weed bid. 481 00:27:26,680 --> 00:27:31,240 The weed bid is standing at 75, so the floor is at one O 7. 482 00:27:31,600 --> 00:27:35,280 I like the punk pitch is an easier pitch, I think for a 483 00:27:35,280 --> 00:27:39,160 broader crowd to understand than the Autoglyph pitch. 484 00:27:41,400 --> 00:27:43,720 I think that that's a longer debate that's I don't really 485 00:27:43,720 --> 00:27:46,600 necessarily want to get into it. But we also saw some big news 486 00:27:46,600 --> 00:27:50,240 out Sam's Pratt on the on the NFT digital art front yesterday. 487 00:27:50,240 --> 00:27:53,920 So yesterday was the one year anniversary of the monument 488 00:27:53,920 --> 00:27:56,360 game. Happy end of those who played 489 00:27:56,360 --> 00:28:02,160 and or still holding those NFTS. And then he did tease 490 00:28:02,480 --> 00:28:04,760 effectively the next chapter. He's saying the next chapter of 491 00:28:04,760 --> 00:28:09,960 Lucy is insight started to share a little bit of details, but he 492 00:28:09,960 --> 00:28:12,880 also closed this out with, I look forward to sharing it with 493 00:28:12,880 --> 00:28:15,400 you soon as it's ready for you to enter. 494 00:28:15,400 --> 00:28:18,560 So it feels like it's coming, but probably not next week. 495 00:28:18,960 --> 00:28:20,560 That's how I I'm interpreting this. 496 00:28:20,560 --> 00:28:24,440 So I probably put it as AQ4 launch as I'm reading the tea 497 00:28:24,440 --> 00:28:28,240 leaves here, maybe early to mid Q4. 498 00:28:29,080 --> 00:28:30,240 OK. Curious for your thoughts on 499 00:28:30,240 --> 00:28:31,840 this. And maybe like when's the last 500 00:28:31,840 --> 00:28:35,080 time you've been excited for an NFT mint? 501 00:28:35,080 --> 00:28:37,880 And then would this be like the biggest NFT mint of the year? 502 00:28:38,960 --> 00:28:40,480 Oh well. Thoughts. 503 00:28:40,480 --> 00:28:44,320 Congratulations to Sam and the community that he's curated over 504 00:28:44,320 --> 00:28:46,720 the last year. This was a huge spectacle. 505 00:28:47,200 --> 00:28:50,560 One of, if not the top events from from last year that I can 506 00:28:50,560 --> 00:28:55,080 recall, so that's awesome. Last time I was excited for an 507 00:28:55,080 --> 00:28:57,080 NFT mint. I don't even know. 508 00:28:57,160 --> 00:28:59,400 I'm not sure I can come up with a concrete answer in the time 509 00:28:59,400 --> 00:29:02,840 that we have left in the show. Tyler, it's it's it's been a 510 00:29:02,840 --> 00:29:07,880 really long time, but you know, if you were to be excited about 511 00:29:07,880 --> 00:29:10,800 something, I think the next chapter of Skulls of Lucy and 512 00:29:10,960 --> 00:29:13,480 and the monument game would be something to be excited about. 513 00:29:13,640 --> 00:29:17,680 I think the fantastic part here was, you know, the council 514 00:29:17,680 --> 00:29:22,760 itself is very at this point, like 78, maybe more to get in 515 00:29:22,840 --> 00:29:25,400 right to, to claim a skull. Is that right? 516 00:29:25,520 --> 00:29:27,160 I might be, yeah. Let me check that. 517 00:29:28,080 --> 00:29:30,560 So I mean like that that's out of reach for most all people. 518 00:29:30,560 --> 00:29:33,120 But the great thing about the last round was Sam brought in a 519 00:29:33,120 --> 00:29:35,360 lot of people with the lottery tickets and the ability to 520 00:29:35,360 --> 00:29:38,480 participate in the game itself with the observations. 521 00:29:38,760 --> 00:29:42,520 And I would anticipate, although I don't know, of course, that, 522 00:29:42,800 --> 00:29:47,040 you know, this just continues to sort of the the outer rings 523 00:29:47,040 --> 00:29:50,280 start to broaden every single time to potentially allow more 524 00:29:50,280 --> 00:29:52,120 people in. And I did not participate last 525 00:29:52,120 --> 00:29:54,600 time. But as you see that unfold and 526 00:29:54,600 --> 00:29:57,720 the success of it, maybe you want to get in this next time on 527 00:29:57,720 --> 00:30:02,800 something that I think is universally loved, right? 528 00:30:02,800 --> 00:30:06,200 Like this, this whole unfolding. I haven't seen anybody say 529 00:30:06,200 --> 00:30:08,480 anything bad about Skulls of Lucy or the Monument game. 530 00:30:08,480 --> 00:30:12,880 So my expectation is the next one would would allow people to 531 00:30:12,880 --> 00:30:15,680 participate, other people to participate, lower bankrolls to 532 00:30:15,680 --> 00:30:18,120 participate just like last time. And yeah, I do. 533 00:30:18,200 --> 00:30:20,400 I do think that's one to be excited about. 534 00:30:21,240 --> 00:30:22,560 Nothing. It's a longer term hold. 535 00:30:22,640 --> 00:30:25,520 You have to have a, you know, 5 to 10 year time horizon. 536 00:30:25,520 --> 00:30:28,160 It's an elite group. I think the skulls holders 537 00:30:28,160 --> 00:30:30,560 probably, you know, one of the more notable groups of art 538 00:30:30,560 --> 00:30:33,240 collectors in the digital art space. 539 00:30:33,520 --> 00:30:35,280 I will say it does feel like they've lost a little bit of 540 00:30:35,280 --> 00:30:39,040 momentum from where they were a year ago, but I think that's 541 00:30:39,040 --> 00:30:42,520 just kind of natural with ebbs and flows. 542 00:30:42,840 --> 00:30:45,760 A group that has not lost momentum, and that's quite the 543 00:30:45,760 --> 00:30:47,840 opposite is rapidly building momentum. 544 00:30:47,840 --> 00:30:51,160 That's D gods enough. So that threat guy commented 545 00:30:51,160 --> 00:30:54,920 this morning and ironically I think D Gods is the only FTI 546 00:30:54,920 --> 00:30:57,400 could explain to my college homies in less than 30 seconds 547 00:30:57,400 --> 00:31:00,600 and they fully understand Bros being Bros type shit. 548 00:31:01,120 --> 00:31:04,640 Then Logan Logan Hitchcock on the show said retweeted this and 549 00:31:04,640 --> 00:31:07,600 said D God's best path forward was always barstool on web three 550 00:31:08,600 --> 00:31:10,240 and thinks that would be a resounding success. 551 00:31:10,240 --> 00:31:12,760 So Logan, are you eyeing D Gods here? 552 00:31:12,760 --> 00:31:14,920 Any thoughts on their their momentum? 553 00:31:15,560 --> 00:31:18,680 I I. AM and apologize for reiterating 554 00:31:18,680 --> 00:31:21,480 for any lucky lead listeners, but I I've shared this sentiment 555 00:31:21,480 --> 00:31:26,000 on our show before Tyler. This felt like a slam dunk 556 00:31:26,000 --> 00:31:27,960 opportunity for Frank in the community. 557 00:31:28,160 --> 00:31:32,600 Be barstool, be the frat guys, be, you know, like be that. 558 00:31:32,840 --> 00:31:36,000 They were doing that in so many different ways, but it felt like 559 00:31:36,000 --> 00:31:38,960 it wasn't necessarily being embraced, or at least there 560 00:31:38,960 --> 00:31:41,000 wasn't a commitment to embracing that, right? 561 00:31:41,000 --> 00:31:43,360 There was so many more bigger ambitious plans. 562 00:31:43,360 --> 00:31:45,800 And you can't fault them for wanting to go bigger and, and be 563 00:31:45,800 --> 00:31:49,200 more ambitious, but it just distracted from what I felt like 564 00:31:49,320 --> 00:31:52,560 personally, it was a slam dunk. And Despite that not being my 565 00:31:52,560 --> 00:31:55,760 audience, I'm not the frat guy, barstool guy. 566 00:31:56,000 --> 00:31:59,640 It's not, it's not me. I'm very plain in my Gray 567 00:31:59,640 --> 00:32:04,360 T-shirt, right, But I recognize its path for success. 568 00:32:04,360 --> 00:32:07,400 And yes, I have been since the bridge back to Solana. 569 00:32:07,400 --> 00:32:09,520 I know we've been talking about this, that you know, I've been 570 00:32:09,520 --> 00:32:13,240 eyeballing them, got a little lucky with timing and market 571 00:32:13,640 --> 00:32:15,840 forces, right, bringing price down. 572 00:32:16,120 --> 00:32:18,680 I think what 28 I saw this morning. 573 00:32:20,480 --> 00:32:24,320 I'm looking. I don't, I don't know, you know, 574 00:32:24,320 --> 00:32:26,720 like I just do. I just buy floor because I don't 575 00:32:26,720 --> 00:32:30,280 identify with any of them. Anyway, that's what I probably 576 00:32:30,280 --> 00:32:33,720 should do. Do I find something that, you 577 00:32:33,720 --> 00:32:37,360 know, I like a little bit more aesthetically maybe. 578 00:32:37,440 --> 00:32:39,280 I don't know. I don't know. 579 00:32:39,280 --> 00:32:42,280 But I'm looking. And I think in the last couple 580 00:32:42,280 --> 00:32:46,000 weeks, even the last couple days, like there is clear 581 00:32:46,000 --> 00:32:48,880 momentum here, even if price is not indicating it there. 582 00:32:48,880 --> 00:32:50,560 There's very clear momentum here. 583 00:32:51,080 --> 00:32:54,880 And I think, yeah, D Gods is is set up for success should they 584 00:32:54,880 --> 00:32:59,880 continue down this path. For D gods, you need to find one 585 00:32:59,880 --> 00:33:03,200 within 10% of floor 10 to 15% of floor that you like a lot. 586 00:33:03,200 --> 00:33:05,920 I think this one I'm sharing on the screen for those in the 587 00:33:05,920 --> 00:33:08,560 stream kind of screens. Logan to me. 588 00:33:08,960 --> 00:33:11,800 Well, it's got the the appropriate color palette. 589 00:33:12,480 --> 00:33:14,080 I just have to do a little bit more. 590 00:33:14,080 --> 00:33:16,960 I've been, I've been probably too price conscious when looking 591 00:33:16,960 --> 00:33:22,720 at these because for me it is more of like a, I don't, I don't 592 00:33:22,720 --> 00:33:26,000 want to say it's like a proxy soul bed, but like in a way this 593 00:33:26,000 --> 00:33:28,520 is kind of me parking some Solana and being OK with it. 594 00:33:28,520 --> 00:33:30,440 It's not like a swing trade type thing for me. 595 00:33:31,960 --> 00:33:36,480 I feel like the mod glasses isn't obvious, right? 596 00:33:36,680 --> 00:33:39,640 It's the the the Gucci goggles. They look like mod glasses. 597 00:33:39,640 --> 00:33:43,080 Come on, it's. My gosh, I'm you know, I'm fully 598 00:33:43,080 --> 00:33:49,160 aware that I'm not cool enough. Should D gods land this right 599 00:33:49,160 --> 00:33:52,760 like land and I think, like I said, they're they're on their 600 00:33:52,760 --> 00:33:55,000 way. I am not cool enough to be in 601 00:33:55,000 --> 00:34:00,400 the club, but I'm happy to join in on the financial success and 602 00:34:00,400 --> 00:34:02,640 upside. You know, should it should it 603 00:34:02,640 --> 00:34:05,040 come to fruition. I've always loved the D gods 604 00:34:05,040 --> 00:34:11,520 since I went to NFT NYC2023 I think it was and I went to AD 605 00:34:11,520 --> 00:34:15,520 gods party and met some just good old boys from Florida who 606 00:34:15,520 --> 00:34:18,639 didn't really have any other NFTS just love their D gods. 607 00:34:19,080 --> 00:34:20,880 They seemed like they were genuinely good guys. 608 00:34:20,880 --> 00:34:22,480 We had a whole lot of fun with them and they seemed like they 609 00:34:22,480 --> 00:34:23,639 were just going to hold them forever. 610 00:34:24,920 --> 00:34:27,639 And this may I don't know if this is a surprise to frequent 611 00:34:27,639 --> 00:34:30,960 listeners or not, but I, I am 39 years old, but back in my 20s I 612 00:34:30,960 --> 00:34:33,639 was a frat guy. I wasn't a frat in college. 613 00:34:33,639 --> 00:34:38,239 So this is a vibe that resounds with me and guys I I can fit in 614 00:34:38,880 --> 00:34:44,840 with the D gods frat or I can do the I can still do the, the 615 00:34:44,840 --> 00:34:47,679 shoeies folks. We got just a handful of minutes 616 00:34:48,560 --> 00:34:55,120 show a couple other headlines. So we got Sony, the Sony L2, we 617 00:34:55,120 --> 00:34:58,840 got new details on their L2 launch yesterday. 618 00:34:59,200 --> 00:35:03,800 Their Minato test net has gone live and also came with their 619 00:35:03,800 --> 00:35:06,480 own incubator. So Spark incubation. 620 00:35:06,480 --> 00:35:10,000 They're offering $100,000 grants, I think probably be the 621 00:35:10,000 --> 00:35:15,760 appropriate word to two teens that apply and and win through 622 00:35:15,760 --> 00:35:19,400 that incubator. The Test Net, again, public, 623 00:35:19,400 --> 00:35:24,400 it's accessible already via the the Test Net blockchain. 624 00:35:24,400 --> 00:35:27,320 Logan is curious. Any high level thoughts on some 625 00:35:27,320 --> 00:35:29,080 animos? We don't still have a whole lot 626 00:35:29,080 --> 00:35:30,920 of information. Do you think they're going to 627 00:35:30,920 --> 00:35:33,040 make it here? Yeah, it's really interesting. 628 00:35:33,040 --> 00:35:35,520 I mean major brand, of course everybody gets excited about 629 00:35:35,520 --> 00:35:36,920 that. I'm excited about that. 630 00:35:37,560 --> 00:35:40,320 Someone looking to an organization, I should say, 631 00:35:40,320 --> 00:35:45,240 looking to participate here alongside us brings validity to 632 00:35:45,240 --> 00:35:48,280 what we're doing, right? When others in a real world 633 00:35:48,280 --> 00:35:51,240 company want to participate, that's really awesome, but just 634 00:35:51,560 --> 00:35:53,880 interesting to see what happens. You know, like they're reaching 635 00:35:53,880 --> 00:35:55,840 out looking for developers to start looking at the 636 00:35:55,840 --> 00:35:58,440 documentation. You know they're building with 637 00:35:59,040 --> 00:36:01,880 what it's on the Super chain, right am I is that right? 638 00:36:01,920 --> 00:36:06,720 Yeah, I believe so. You know, so familiar tools and 639 00:36:06,720 --> 00:36:10,960 everything for developers to, you know, work with if people 640 00:36:10,960 --> 00:36:13,360 want to build there. We're at a really interesting 641 00:36:13,360 --> 00:36:16,360 junction, not the Segway as Tyler, but like there's just a 642 00:36:16,360 --> 00:36:20,480 lot of these L twos and L3 like niche chains that are looking 643 00:36:20,480 --> 00:36:22,920 for activity and looking for developers, looking for users. 644 00:36:23,440 --> 00:36:29,320 And you know, as a user, it's it's fun because hopefully new 645 00:36:29,320 --> 00:36:31,160 cool stuff is built on one of these chains for us to 646 00:36:31,160 --> 00:36:34,200 participate with as a developer, it's probably fun because 647 00:36:34,200 --> 00:36:37,640 there's lots of opportunity grants, as you mentioned, 648 00:36:37,640 --> 00:36:40,160 Vsonium, whether it be abstracts, going to have an 649 00:36:40,160 --> 00:36:42,600 incubator or whatever. Like lot, there's so much 650 00:36:42,680 --> 00:36:46,440 opportunity for creators, builders and participants as 651 00:36:46,440 --> 00:36:49,000 well that that is exciting. But it's also like there's just 652 00:36:49,000 --> 00:36:52,720 so many unknowns, you know, and there's a lot of opportunity 653 00:36:52,720 --> 00:36:56,720 costs, spending time and effort on one chain that may not make 654 00:36:56,720 --> 00:37:00,000 it, who knows? So interesting time, but we're 655 00:37:00,000 --> 00:37:02,040 building foundations, which is is kind of fun. 656 00:37:02,760 --> 00:37:05,800 The L2 race is getting more competitive. 657 00:37:05,800 --> 00:37:11,000 It feels more more entrance by the day here and time is an 658 00:37:11,000 --> 00:37:12,680 opportunity cost as well as capital. 659 00:37:12,680 --> 00:37:15,920 So you you have to to think about that big news out of 660 00:37:15,920 --> 00:37:17,960 abstract. This is the seg you you kind of 661 00:37:17,960 --> 00:37:21,720 started down this path already. Logan Abstract introduced their 662 00:37:21,720 --> 00:37:23,360 global wall. I think this is the biggest 663 00:37:23,360 --> 00:37:26,880 announcement we've seen from them since they just announced 664 00:37:26,880 --> 00:37:30,840 that what their overall vision would be. 665 00:37:31,520 --> 00:37:34,120 They're touting it. You can sign in with socials 666 00:37:34,160 --> 00:37:38,640 from the wallet in seconds. And the idea here is to further 667 00:37:38,640 --> 00:37:43,080 their vision of, you know, solving fragmentation and 668 00:37:43,080 --> 00:37:46,600 creating an easier consumer crypto experience. 669 00:37:47,680 --> 00:37:50,160 I don't know if we got a whole lot, we got some technical 670 00:37:50,160 --> 00:37:53,960 details about how this is going to to work here. 671 00:37:54,760 --> 00:37:56,800 I think it it has two components, right, that the 672 00:37:56,800 --> 00:37:58,880 Privy wallet and a smart contract wallet. 673 00:37:59,360 --> 00:38:06,080 And this enables things like gasless transactions as well as 674 00:38:06,080 --> 00:38:10,400 easy and rapid funding. It feels like a big first step. 675 00:38:10,400 --> 00:38:13,800 Lo, you're just kind of curious for, for any reactions you may 676 00:38:13,800 --> 00:38:15,800 have to this. What, what do we need to see 677 00:38:15,800 --> 00:38:18,640 from abstract? So I think expectations for 678 00:38:18,640 --> 00:38:21,520 abstract are high. I think just because Luca Saigar 679 00:38:21,520 --> 00:38:24,840 and folks are, are behind this one, I think we, we've put them 680 00:38:24,840 --> 00:38:28,720 on a tier above perhaps just like your average L2 competitor. 681 00:38:29,840 --> 00:38:31,760 But it has been a pretty open question mark, right? 682 00:38:31,760 --> 00:38:34,480 Like what are they going to ship now? 683 00:38:34,480 --> 00:38:38,000 We we have our first glimpse. I'm curious, you know, what's it 684 00:38:38,000 --> 00:38:42,840 going to take from your lens to to put abstract on the same here 685 00:38:42,840 --> 00:38:45,920 as like a blast or or perhaps a base even. 686 00:38:46,200 --> 00:38:48,480 Yeah, this is a great first step. 687 00:38:49,160 --> 00:38:52,840 Easy onboarding, small things like sponsoring gas fees. 688 00:38:52,840 --> 00:38:56,960 I love that I you know, I Rabby other wallets are starting to do 689 00:38:56,960 --> 00:38:59,520 that to allow people to make transactions when they might not 690 00:38:59,520 --> 00:39:02,640 have too much left or have anything to get started. 691 00:39:03,600 --> 00:39:06,280 Social sign on. I mean like those are slam dunk 692 00:39:06,280 --> 00:39:08,040 easy. Get people in the door and 693 00:39:08,040 --> 00:39:09,960 started things that I think are necessary. 694 00:39:10,480 --> 00:39:13,360 Getting it up a tier to blast to base. 695 00:39:13,360 --> 00:39:16,880 It's going to require something to do on chain. 696 00:39:17,120 --> 00:39:20,040 We saw plushies, which I don't know too much about, but like 697 00:39:20,600 --> 00:39:23,800 apparently people are excited about upcoming game announced 698 00:39:23,800 --> 00:39:25,160 that it's going to launch on abstracts. 699 00:39:25,160 --> 00:39:27,200 Like that's one thing. I'm sure you'll see a prediction 700 00:39:27,200 --> 00:39:30,240 market on abstract. We know there are going to be 701 00:39:30,240 --> 00:39:32,800 pudgy adjacent. Yeah, there's going to be pudgy 702 00:39:32,800 --> 00:39:35,480 adjacent things on abstract. Like, you know, well aware of 703 00:39:35,480 --> 00:39:38,520 that. What else? 704 00:39:39,040 --> 00:39:40,920 And and maybe when I say what else, you know, it doesn't 705 00:39:40,920 --> 00:39:43,160 necessarily mean that it needs to be a net new thing. 706 00:39:43,160 --> 00:39:46,360 It doesn't need to be a net new like completely new invention of 707 00:39:46,400 --> 00:39:51,440 a consumer application. But what's there and does it get 708 00:39:51,440 --> 00:39:56,680 people there to participate? Blast had all those incentives 709 00:39:56,680 --> 00:39:59,480 and people were there for a time and now those incentives have 710 00:39:59,480 --> 00:40:02,760 been stripped back or did not meet expectations and there are 711 00:40:02,760 --> 00:40:06,560 fewer people there, right abstracts going to have the same 712 00:40:06,560 --> 00:40:09,120 trouble. Trouble's maybe not the right 713 00:40:09,120 --> 00:40:11,240 word to use. I mean, same opportunity, I 714 00:40:11,240 --> 00:40:13,880 should say, to capitalize on that momentum and then hopefully 715 00:40:13,880 --> 00:40:16,400 sustain it. But it's very difficult to do, 716 00:40:16,640 --> 00:40:20,520 you know, People will hop from chain to chain to chain to chain 717 00:40:20,720 --> 00:40:21,680 insert. Mercenaries. 718 00:40:22,320 --> 00:40:24,840 They are mercenaries. The only thing I would like 719 00:40:25,280 --> 00:40:30,240 correct you or or interject here on your commentary on blast is 720 00:40:30,680 --> 00:40:32,840 yes, people came for the incentives and then moved on, 721 00:40:32,840 --> 00:40:35,720 except for the apps that people actually like like fancy top, 722 00:40:35,720 --> 00:40:39,080 which has now proven that they have a pretty consistent user 723 00:40:39,080 --> 00:40:43,200 base for several months, you know, dating back to pre token 724 00:40:43,200 --> 00:40:44,760 launch. So it can work, but you have to 725 00:40:44,760 --> 00:40:47,080 have good apps like that. For me that's still been the big 726 00:40:47,080 --> 00:40:48,800 question for after. So what apps are they going to 727 00:40:48,800 --> 00:40:52,520 have And to to get there to get the apps you do need the 728 00:40:52,520 --> 00:40:53,760 infrastructure. So we're we're getting the 729 00:40:53,760 --> 00:40:56,840 infrastructure built out. We will see very confident in 730 00:40:56,840 --> 00:41:01,360 Luca team that they are going to have some killer daps launch on 731 00:41:01,360 --> 00:41:05,240 this L2. Maybe last on the killer DAP 732 00:41:05,240 --> 00:41:09,440 comment hamster. Let me try to find this hamster 733 00:41:09,440 --> 00:41:13,040 combat Logie, I know you've been intrigued with hamster combat. 734 00:41:13,600 --> 00:41:17,720 This is the ton telegram game. They touted some absurd number 735 00:41:17,720 --> 00:41:21,520 of users like a million active. I I might even be off on that, 736 00:41:21,520 --> 00:41:25,520 but some crazy number. Was it like 30 million or 737 00:41:25,520 --> 00:41:28,720 something stupid? It might be 30 million and they 738 00:41:28,720 --> 00:41:31,600 announced yesterday that their their token launch AirDrop date 739 00:41:31,600 --> 00:41:34,720 September 26th. The question is, will the Tone 740 00:41:34,720 --> 00:41:38,600 blockchain still be producing blocks by September 26th, at 741 00:41:38,600 --> 00:41:41,000 least consistently? It hasn't the last two days but 742 00:41:41,000 --> 00:41:44,440 perhaps with now we're at least still start working again. 743 00:41:44,720 --> 00:41:47,640 Any thoughts on on the hamster tge here before we wrap things 744 00:41:47,640 --> 00:41:49,520 up? You know, not not too many 745 00:41:49,520 --> 00:41:51,480 thoughts. Congratulations to anybody who 746 00:41:51,480 --> 00:41:54,040 may be receiving it. I'm I'm interested to see what 747 00:41:54,040 --> 00:41:57,520 happens, you know, the congestion on TON in the last 748 00:41:57,520 --> 00:41:59,400 few days and I'm not actually participating on TON. 749 00:41:59,400 --> 00:42:03,760 By the way, Full disclosure, but this dog's token right is 750 00:42:03,760 --> 00:42:07,440 keeping it from producing blocks like is a a major token 751 00:42:07,440 --> 00:42:12,000 generation event token trading event like is that going to 752 00:42:12,840 --> 00:42:16,600 provide the same issues? You know, it seems perhaps it it 753 00:42:16,600 --> 00:42:18,120 may. So we'll see what happens. 754 00:42:18,120 --> 00:42:22,960 It could be a total shit show. Hopefully not for hamster combat 755 00:42:23,080 --> 00:42:25,360 token owners, but. Here's what jumps out to me. 756 00:42:25,520 --> 00:42:31,120 I think this is ton going down. Is this like proving that the 757 00:42:31,240 --> 00:42:35,640 the Telegram ecosystem is very different and disconnected from 758 00:42:35,640 --> 00:42:39,640 the crypto Twitter ecosystem, if indeed it does exist? 759 00:42:39,640 --> 00:42:42,360 And the reason I say that is there's no chatter about tongue 760 00:42:42,360 --> 00:42:46,360 being down on the crypto Twitter timeline at all. 761 00:42:46,520 --> 00:42:50,320 When Solano went down like it, it was the entire timeline 762 00:42:50,320 --> 00:42:53,800 talking about it. Like any time that happened, it 763 00:42:53,800 --> 00:42:57,080 was the main story on the timeline. 764 00:42:57,080 --> 00:43:01,600 And now you'll even find out that ton went down by like 765 00:43:01,600 --> 00:43:03,560 reading tweets from like that the blockchain. 766 00:43:04,960 --> 00:43:10,120 Is there a block explorer? Yeah, I think there is. 767 00:43:10,400 --> 00:43:14,920 I, I'm not the tech quiz to to answer all those questions, but 768 00:43:14,920 --> 00:43:17,440 I, I just find that interesting. So if people are complaining 769 00:43:17,440 --> 00:43:19,800 about TON being down, they're not doing it on crypto Twitter, 770 00:43:19,800 --> 00:43:22,480 perhaps they're doing it on Telegram, which would make 771 00:43:22,480 --> 00:43:23,400 sense. Yeah. 772 00:43:24,080 --> 00:43:27,880 But folks, I think that is a good roundup of today's show. 773 00:43:27,880 --> 00:43:30,520 That's going to be it for today. Thanks for tuning in for another 774 00:43:30,520 --> 00:43:33,400 episode of FOMO HOUR. We will be back tomorrow. 775 00:43:33,400 --> 00:43:35,640 It is Friday. We've got a big show. 776 00:43:35,640 --> 00:43:38,080 Be recapping the week Mando likely we'll be back. 777 00:43:38,280 --> 00:43:40,760 We'll have robot spits, robot Fridays. 778 00:43:40,760 --> 00:43:46,000 We love those TuneIn and perhaps win some prizes with that. 779 00:43:46,040 --> 00:43:48,160 Have a great Thursday. Go make it a beautiful day. 780 00:43:48,480 --> 00:43:48,680 Goodbye.