1 00:00:00,200 --> 00:00:06,760 Good morning. Good morning The MGM everyone. 2 00:00:06,760 --> 00:00:12,600 Welcome to another episode of Omo Hour today. 3 00:00:13,520 --> 00:00:18,440 Today is Friday, February 14th point hot. 4 00:00:20,120 --> 00:00:22,040 It's Friday. Happy Friday. 5 00:00:22,320 --> 00:00:27,160 Happy Valentine's Day. Big day in the Tyler D house. 6 00:00:27,200 --> 00:00:31,040 Fun fact, Valentine's Day is my son's favorite holiday. 7 00:00:31,080 --> 00:00:34,760 He has a little seersucker suit. He wears it every Valentine's 8 00:00:34,760 --> 00:00:37,080 Day. He absolutely loves it. 9 00:00:37,080 --> 00:00:39,240 So it's a big weekend here. We're going to go out tonight. 10 00:00:39,240 --> 00:00:43,080 It seems like my daughter loves Valentine's Day as well, so much 11 00:00:43,080 --> 00:00:46,000 that she's trying to make a little appearance on air this 12 00:00:46,000 --> 00:00:50,000 morning, although she knows that she's not supposed to be doing 13 00:00:50,000 --> 00:00:51,120 that. So we'll see. 14 00:00:51,720 --> 00:00:55,160 We'll see if she continues to to pop in here, folks. 15 00:00:55,160 --> 00:00:58,320 It's a big weekend in our house. It's a big weekend for crypto. 16 00:00:58,520 --> 00:01:02,440 Things starting to heat up, Some big news coming through. 17 00:01:02,440 --> 00:01:04,879 I'm excited to break it all down with you on today's show. 18 00:01:04,879 --> 00:01:09,160 No baroque, no Mando. They're hungover in Paris after 19 00:01:09,160 --> 00:01:12,120 the recs party last night. I think the boys when went kind 20 00:01:12,120 --> 00:01:16,240 of hard there last night, but I've got Logan on with me. 21 00:01:17,040 --> 00:01:20,160 Ryder Ford Decrypt, previously editor in chief over at Lucky 22 00:01:20,160 --> 00:01:21,760 Trader. We've been grinding this content 23 00:01:21,760 --> 00:01:23,600 for years together. Excited to have him back. 24 00:01:23,840 --> 00:01:28,000 Logan GM, How are you and are you celebrating Valentine's Day? 25 00:01:28,440 --> 00:01:31,560 Hey, good morning Tyler. I'm extremely excited to be back 26 00:01:31,560 --> 00:01:33,440 and in your presence on stream here. 27 00:01:33,440 --> 00:01:36,280 FOMO hour. Not really celebrating 28 00:01:36,280 --> 00:01:39,800 Valentine's Day too heavily. You know, I've got, of course, 29 00:01:39,800 --> 00:01:43,160 my fiance's here maybe at dinner sometime this weekend or 30 00:01:43,160 --> 00:01:45,360 something like that, but nothing super crazy. 31 00:01:45,720 --> 00:01:47,920 Still just glued to the market and everything that's happening. 32 00:01:47,920 --> 00:01:51,120 And I guess this is this is my celebration of sorts for the 33 00:01:51,120 --> 00:01:53,480 day. Well, Logan, if if I could share 34 00:01:53,480 --> 00:01:58,480 a tip with you. And for any of the male suitors 35 00:01:58,480 --> 00:02:03,080 listening to the show, whether or not your partner, fiance, 36 00:02:03,080 --> 00:02:07,080 wife, girlfriend says that they're not into Valentine's 37 00:02:07,080 --> 00:02:09,919 Day, that they still want Valentine's Day gifts, that they 38 00:02:09,919 --> 00:02:12,480 want something doesn't have to be expensive. 39 00:02:13,080 --> 00:02:16,920 Yeah, you need to have spent some amount of time thinking 40 00:02:16,920 --> 00:02:18,480 about them on this day. I've learned that lesson the 41 00:02:18,480 --> 00:02:20,560 hard way. Yeah, of course we, we don't do 42 00:02:20,560 --> 00:02:22,880 gifts. We only do experience stuff. 43 00:02:22,880 --> 00:02:26,720 So there will be something that transpires which schedules 44 00:02:26,720 --> 00:02:29,560 aren't aligning appropriately for the exact day. 45 00:02:30,080 --> 00:02:33,000 We'll figure something out. Well, good to hear. 46 00:02:33,480 --> 00:02:36,000 We've got Logan on bread. Guy is stopping by. 47 00:02:36,000 --> 00:02:39,200 Later on in the show, we're going to pick his brain about 48 00:02:39,200 --> 00:02:41,640 the Mega Eve Mint. Perhaps they'll get his thoughts 49 00:02:41,640 --> 00:02:44,520 on this Kaido news that we're going to get into later on in 50 00:02:44,520 --> 00:02:48,480 the show as well. So stay tuned for that folks. 51 00:02:48,480 --> 00:02:50,800 What are we talking about on today's show? 52 00:02:50,800 --> 00:02:52,320 We're going to do a market report. 53 00:02:52,320 --> 00:02:55,000 We're going to talk about Coinbase earnings, GameStop 54 00:02:55,000 --> 00:02:58,560 buying Bitcoin, open C2 Point O and the C token, the Doodles 55 00:02:58,560 --> 00:03:02,400 token, the Kaido token, Jupiter's doing buybacks, CZ's 56 00:03:02,400 --> 00:03:07,720 dog Broccoli Arc's big day, Myriad with their first USDC 57 00:03:07,800 --> 00:03:10,480 markets or the first real money markets rather. 58 00:03:10,920 --> 00:03:14,560 And they are going off. And then we'll get into our 59 00:03:14,560 --> 00:03:17,000 combo with bread and mega eat at the end. 60 00:03:17,000 --> 00:03:21,280 So it is a stacked show folks. Before we get into it, shout out 61 00:03:21,280 --> 00:03:22,960 to our partners. 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I'll take us through a quick one 74 00:04:02,520 --> 00:04:04,720 and then get into a little chat with Logan here. 75 00:04:04,720 --> 00:04:09,200 I'm gonna get the screen share fired up for those who are in 76 00:04:09,240 --> 00:04:13,600 the stream. Let's go around the horse. 77 00:04:13,600 --> 00:04:18,519 So Bitcoin 97972, it looks like up about 1 1/2 percent. 78 00:04:19,200 --> 00:04:23,720 ETH 2720, it's up 3%, sold up five and a half percent back at 79 00:04:23,720 --> 00:04:27,200 200. So some nice movement on the 80 00:04:27,200 --> 00:04:32,640 board here this morning. A few macro headlines. 81 00:04:32,640 --> 00:04:35,960 So we've got more and more companies continuing to disclose 82 00:04:35,960 --> 00:04:39,360 Bitcoin positions. I saw Avenir, which is an 83 00:04:39,360 --> 00:04:41,400 investment fund, so it's a little bit different. 84 00:04:41,400 --> 00:04:45,680 But then now this Medical Group is set to buy ¥1 billion of 85 00:04:45,680 --> 00:04:48,200 Bitcoin. And it seems like these 86 00:04:48,200 --> 00:04:51,160 headlines are coming in every single day at this point. 87 00:04:51,560 --> 00:04:56,600 And folks, it's not just Japanese medical groups buying 88 00:04:56,600 --> 00:04:58,520 Bitcoin. Looks like GameStop might be 89 00:04:58,520 --> 00:05:01,040 throwing their hats into the ring. 90 00:05:01,040 --> 00:05:03,280 Is this GME 2 point O? Is this 3 point O? 91 00:05:03,480 --> 00:05:08,160 I've lost track of what edition this is, but their stock surged 92 00:05:08,760 --> 00:05:13,240 after reports that they might be buying Bitcoin and some crypto. 93 00:05:13,240 --> 00:05:19,280 Yeah, up 6% at at 28 bucks, it looks like up 9% on the week. 94 00:05:19,280 --> 00:05:21,840 So that is an interesting arc. I think we actually talked about 95 00:05:21,840 --> 00:05:25,400 that on a prior episode of FOMO Hour that they might be doing 96 00:05:25,400 --> 00:05:27,400 this. Nice, huge surprise, but still 97 00:05:27,720 --> 00:05:30,560 this is a big one that's going to be a fun one to watch. 98 00:05:30,960 --> 00:05:35,720 We had Coinbase smashing Q4 earnings, $2.3 billion in 99 00:05:35,720 --> 00:05:39,720 revenue, 23% over expectations. The big one was earnings per 100 00:05:39,720 --> 00:05:42,800 share, folks. Estimates were a dollar O 7. 101 00:05:42,800 --> 00:05:48,840 They came in at 44444 X market expectations. 102 00:05:48,840 --> 00:05:52,880 That is a big, big beat. And then they talked about base 103 00:05:52,880 --> 00:05:55,600 accelerating, their stable coin adoption, accelerating, the 104 00:05:55,600 --> 00:06:01,440 institutional trading and assets under custody accelerating as 105 00:06:01,440 --> 00:06:04,680 well. So a huge quarter for Coinbase 106 00:06:05,600 --> 00:06:07,720 and let's see. Yeah, now those are the main 107 00:06:07,720 --> 00:06:13,520 macro headlines I wanted to to get into here this morning. 108 00:06:13,520 --> 00:06:16,440 Logan, anything jump out to you thoughts on GameStop? 109 00:06:17,360 --> 00:06:18,680 Do you think they're going to go this way? 110 00:06:18,840 --> 00:06:20,200 How much is the market going to care? 111 00:06:21,880 --> 00:06:25,120 You know, As for the the crypto market itself, how much does it 112 00:06:25,120 --> 00:06:28,360 care about GameStop buying? Probably not that much, right? 113 00:06:28,440 --> 00:06:32,080 I, I don't expect any sort of surge in any particular asset as 114 00:06:32,080 --> 00:06:34,840 a result of GameStop buying. What I think this is though, and 115 00:06:34,840 --> 00:06:37,840 you alluded to this is just the underlying trend of any 116 00:06:37,840 --> 00:06:41,760 institution of various sizes, whether that be, you know, 117 00:06:41,760 --> 00:06:45,200 publicly traded companies, whatever sovereign wealth funds, 118 00:06:45,200 --> 00:06:48,240 be it whatever, whatever the case may be, they're all looking 119 00:06:48,240 --> 00:06:49,680 to get exposure in some way or another. 120 00:06:49,720 --> 00:06:52,160 And you know, we've been talking about this, this trend has been 121 00:06:53,120 --> 00:06:55,440 crescendoing for quite some time now. 122 00:06:55,440 --> 00:06:56,760 We've been talking about it for a while. 123 00:06:56,760 --> 00:06:59,880 And it feels like to me, you know, we've had a micro scale 124 00:06:59,880 --> 00:07:02,320 always talked about Tyler in the trenches and things like that. 125 00:07:02,440 --> 00:07:05,880 Once you start to see something so long on your timeline, maybe 126 00:07:05,880 --> 00:07:07,800 you need to investigate a little further, Maybe you need to get 127 00:07:07,800 --> 00:07:09,400 some exposure, some skin of the game to it. 128 00:07:09,600 --> 00:07:13,360 This feels like that type of thing to me, where all of these, 129 00:07:13,440 --> 00:07:16,640 you know, companies, whatever are trying to get exposure to to 130 00:07:16,640 --> 00:07:18,360 Bitcoin in particular in other cryptocurrencies. 131 00:07:18,360 --> 00:07:21,560 And we're going to look back, you know, in six months, a year, 132 00:07:21,560 --> 00:07:23,400 2 years, three years, five years, whatever it is, right, 133 00:07:23,400 --> 00:07:25,600 Whatever time frame you wish to. And we're going to be like, oh 134 00:07:25,600 --> 00:07:28,120 shit, they were beating us over the head with these headlines 135 00:07:28,440 --> 00:07:31,840 and we were too dumb to just, you know, maybe hopefully you're 136 00:07:31,840 --> 00:07:34,360 not right. Of course, not financial advice, 137 00:07:34,360 --> 00:07:38,680 but this is a for future Logan to say like, don't be so dumb as 138 00:07:38,680 --> 00:07:42,760 to see all these headlines every single day and not continue to 139 00:07:42,760 --> 00:07:45,720 pick up some exposure to these assets. 140 00:07:45,920 --> 00:07:47,560 You know, there's that. I, I can't even think of the, 141 00:07:47,560 --> 00:07:50,560 the copy pasta or the tweet, but it's like the you're at risk of 142 00:07:50,560 --> 00:07:53,720 being under exposed to the industry you log into every day. 143 00:07:53,720 --> 00:07:56,160 That, that thing, that's what this feels like to me. 144 00:07:56,160 --> 00:08:00,040 And so I know that's not a maybe an insight into the macro 145 00:08:00,040 --> 00:08:04,000 environment overall, but I the headlines are literally every 146 00:08:04,000 --> 00:08:05,680 single day scan to crypt. Every single day there's a 147 00:08:05,680 --> 00:08:10,480 writer on our team putting out an headline about some new 148 00:08:10,480 --> 00:08:13,120 company or an existing company who has already started 149 00:08:13,120 --> 00:08:16,120 purchasing more. And it's not just strategy, 150 00:08:16,120 --> 00:08:19,040 formerly MicroStrategy, It's not just of course, the largest 151 00:08:19,040 --> 00:08:21,840 holder, but everybody it seems is gaining exposure. 152 00:08:23,400 --> 00:08:26,120 I'm totally with you. It's such a good reminder and we 153 00:08:26,120 --> 00:08:28,400 talked about a lot, but like it's something that I had to 154 00:08:28,480 --> 00:08:31,440 convince myself to just do. And you know me, I, I like to 155 00:08:31,440 --> 00:08:34,720 dabble out on the risk curve a little further out than than 156 00:08:34,720 --> 00:08:37,360 just Bitcoin. But this really feels like one 157 00:08:37,360 --> 00:08:39,600 of those things that like it's going to be so obvious in 158 00:08:39,600 --> 00:08:43,240 hindsight and owning a single Bitcoin is going to be 159 00:08:43,240 --> 00:08:44,760 unobtainable. It's going to be unobtainable 160 00:08:44,760 --> 00:08:50,040 for for most folks likely within the next two to three to five 161 00:08:50,040 --> 00:08:53,200 years. Just a matter of of when and not 162 00:08:53,200 --> 00:08:55,120 if. And like clearly it's just 163 00:08:55,120 --> 00:08:57,120 chopping right now. I've got the one year view up on 164 00:08:57,120 --> 00:08:58,880 the month. I mean it's quite literally this 165 00:08:58,880 --> 00:09:01,280 range. We used to think the range was 166 00:09:01,280 --> 00:09:06,080 92 to one O 7 and this week's the range is 95 to 98. 167 00:09:06,120 --> 00:09:08,800 Like it's incredibly tight. It feels like it's the beach 168 00:09:08,800 --> 00:09:10,960 ball being held underwater to me right now. 169 00:09:11,080 --> 00:09:16,520 That is my feeling. I don't know why exactly Bitcoin 170 00:09:16,520 --> 00:09:18,920 is lagging equities when equities are basically been 171 00:09:18,920 --> 00:09:21,520 green every day. I don't understand why that is. 172 00:09:22,040 --> 00:09:24,600 I, I don't think it's going to be like this for for that much 173 00:09:24,600 --> 00:09:29,240 longer. So that is my view on Bitcoin. 174 00:09:29,240 --> 00:09:31,480 I want to talk quickly on on Coinbase. 175 00:09:32,320 --> 00:09:39,000 A lot of folks are bullish. I think this is widely known as 176 00:09:39,000 --> 00:09:44,320 a way to to bet on crypto without owning any crypto stocks 177 00:09:44,320 --> 00:09:45,880 actually down today. That's a little interesting. 178 00:09:45,960 --> 00:09:48,960 It, it ran hard into earnings yesterday. 179 00:09:50,720 --> 00:09:53,560 The five year it kind of looks like it's a cup and handle on 180 00:09:53,560 --> 00:09:56,280 the five year. One of my favorite patterns to 181 00:09:56,360 --> 00:10:00,280 to recognize. I mean again going back through 182 00:10:00,280 --> 00:10:04,400 their earnings, I think that the big highlights here assets in 183 00:10:04,400 --> 00:10:06,520 their custody are up institutional trading up 184 00:10:06,600 --> 00:10:11,160 stablecoin adoption, up base. It is kind of driving all this 185 00:10:11,160 --> 00:10:13,800 as well. What are your thoughts? 186 00:10:13,800 --> 00:10:15,840 Are you long coin? Short coin? 187 00:10:16,320 --> 00:10:18,840 How are you feeling? Coin here on February 14th, 188 00:10:18,840 --> 00:10:20,520 2020. Yeah, So I don't have any 189 00:10:20,520 --> 00:10:25,240 exposure to the share itself, but I'm generally long Coinbase. 190 00:10:25,480 --> 00:10:29,120 I know CT in particular and you know, our cohort and demographic 191 00:10:29,320 --> 00:10:32,120 has a lot of legitimate gripes with Coinbase, right. 192 00:10:33,120 --> 00:10:37,040 Seen all the stuff about the, the scam, you know, stuff, 193 00:10:37,960 --> 00:10:39,720 whatever. There's lots of reasons you can, 194 00:10:39,760 --> 00:10:43,160 you can point and pick at a centralized exchanges, but I 195 00:10:43,160 --> 00:10:45,800 think Coinbase is super important to the longevity of 196 00:10:45,800 --> 00:10:49,840 this industry as a foundational player and given the influence 197 00:10:49,840 --> 00:10:53,280 that Brian Armstrong and, and all of the folks there have. 198 00:10:53,720 --> 00:10:55,440 So I, I'm long coin for the same reason. 199 00:10:55,440 --> 00:10:58,760 I'm long Bitcoin and cryptocurrencies in general. 200 00:10:58,760 --> 00:11:00,840 And is that I, you know, I think it's inevitable and I think 201 00:11:00,840 --> 00:11:05,240 Coinbase is a, is a major, major component of that inevitability. 202 00:11:05,520 --> 00:11:10,400 And if, if Coinbase something drastic happens here and you 203 00:11:10,400 --> 00:11:13,240 see, you know, whatever, I don't know what that would be some 204 00:11:13,240 --> 00:11:15,520 sort of black squan tied to Coinbase or anything like that. 205 00:11:16,080 --> 00:11:18,840 You know, those are like the worst potential scenarios in, in 206 00:11:18,840 --> 00:11:20,720 my head. So I'm long Coinbase, Tyler, 207 00:11:21,160 --> 00:11:25,680 not, you know, I've not dug into these macro data points to 208 00:11:25,680 --> 00:11:29,360 suggest that the shot the stock is going to be 350 or $400.00 or 209 00:11:29,360 --> 00:11:31,960 anything like that. Just on a really long time 210 00:11:32,040 --> 00:11:33,840 horizon. I'm I'm on Coinbase. 211 00:11:35,040 --> 00:11:36,760 Makes sense. I think that's broadly 212 00:11:36,760 --> 00:11:38,960 consensus. One thing that you mentioned 213 00:11:38,960 --> 00:11:42,080 that I'm going to pick up on and disagree with, you said you 214 00:11:42,080 --> 00:11:43,520 basically crypto. You feel like crypto was 215 00:11:43,520 --> 00:11:45,640 inevitable, which I agree with, and that Coinbase is also 216 00:11:45,640 --> 00:11:49,760 inevitable. I'm not sure I agree. 217 00:11:49,760 --> 00:11:53,760 So I think the big risk that I see for Coinbase right now is 218 00:11:53,920 --> 00:11:56,120 banks being able to get into a custody game. 219 00:11:58,040 --> 00:12:03,240 And if that happens, why are you going to hold your crypto and 220 00:12:03,240 --> 00:12:05,920 Coinbase if you could just hold it at chase and have everything 221 00:12:05,960 --> 00:12:08,520 in one place I. I totally, I see that argument 222 00:12:08,520 --> 00:12:10,920 and hear that. I, I don't think there's a place 223 00:12:10,920 --> 00:12:14,840 there though where those, all those hurdles are gone and banks 224 00:12:15,160 --> 00:12:18,480 are acting as if they are the current version of Coinbase and 225 00:12:18,480 --> 00:12:22,920 Coinbase doesn't, you know, innovate to make itself just as 226 00:12:23,280 --> 00:12:26,400 whatever they are. You know what I mean, there's 227 00:12:26,400 --> 00:12:28,720 all sorts of semantic arguments you can make here about what is 228 00:12:28,720 --> 00:12:30,000 a bank, what is in a bank, whatever. 229 00:12:30,000 --> 00:12:33,880 But Coinbase would become those things in, in my opinion, if you 230 00:12:33,880 --> 00:12:36,360 know, if it comes to that point, you know, if Chase is acting 231 00:12:36,360 --> 00:12:39,800 like your version of Coinbase in the near future, Coinbase is 232 00:12:39,800 --> 00:12:42,680 going to do whatever necessary to act as if it's Chase. 233 00:12:42,920 --> 00:12:46,280 You know, so if that's improving consumer protections for a wide 234 00:12:46,280 --> 00:12:48,400 variety of things. You know, we were talking 235 00:12:48,400 --> 00:12:50,520 offline earlier this week about Coinbase Prime. 236 00:12:50,520 --> 00:12:53,920 And some of it's like, I think it, it protects like up to 237 00:12:53,920 --> 00:12:57,440 $100,000 worth of crypto should you get hacked or something like 238 00:12:57,440 --> 00:13:01,800 that, Like $100,000 is a lot of money, No ifs, ands or buts 239 00:13:01,800 --> 00:13:03,720 about that. But for a lot of crypto 240 00:13:03,720 --> 00:13:06,520 participants that would not be suitable. 241 00:13:06,800 --> 00:13:08,400 They would not hold, right? It's not going to cut it 242 00:13:08,400 --> 00:13:10,840 exactly. But you know, I, I think you 243 00:13:10,840 --> 00:13:13,400 would see those things shift change. 244 00:13:13,400 --> 00:13:16,280 Coinbase is going to, it has to, it's not going to let it, you 245 00:13:16,360 --> 00:13:18,480 know, it's been at the forefront of crypto innovation and 246 00:13:18,480 --> 00:13:22,400 adoption since its inception. It's I don't think Bryan 247 00:13:22,400 --> 00:13:26,560 Armstrong and and crew are going to just let the banks take over. 248 00:13:26,560 --> 00:13:29,400 Now, that's not to suggest that regulatory things won't 249 00:13:29,440 --> 00:13:32,160 drastically favor the banks right in the very near future. 250 00:13:32,160 --> 00:13:34,240 Who knows? A lot of old money there, a lot 251 00:13:34,240 --> 00:13:37,920 of, a lot of connections. But yeah, I'm not I I'm on 252 00:13:37,920 --> 00:13:39,880 Coinbase. I'm not anti Coinbase and I 253 00:13:39,880 --> 00:13:42,320 applaud everything they did and they were a huge part of the 254 00:13:42,320 --> 00:13:47,360 fight the last few years to, to get all like the regulatory 255 00:13:47,360 --> 00:13:51,480 chains off of the broader space. I think the bank adoption is 256 00:13:51,480 --> 00:13:56,680 just such a big issue for them. And I think your, your point is 257 00:13:56,680 --> 00:13:58,880 maybe they become a bank. I'm not going to bank at 258 00:13:58,880 --> 00:14:01,360 Coinbase. I'm not going to do that. 259 00:14:01,640 --> 00:14:04,840 I, I don't see a world where I would do that or, or many. 260 00:14:04,840 --> 00:14:08,000 Why not though? I already banked with chase. 261 00:14:08,000 --> 00:14:11,120 Why? Why am I going to root up all my 262 00:14:11,120 --> 00:14:15,880 credit cards and my mortgage and all these things to, to move? 263 00:14:15,880 --> 00:14:19,280 And so maybe I'm speaking too soon. 264 00:14:20,000 --> 00:14:22,200 The reality is they have a long way to go, right? 265 00:14:22,240 --> 00:14:26,440 Like people are getting their accounts frozen left and right. 266 00:14:26,560 --> 00:14:29,440 The only way to get your account unfrozen is to to have 100,000 267 00:14:29,440 --> 00:14:32,400 followers on Twitter and and talk about it loudly. 268 00:14:33,040 --> 00:14:37,040 Like issues like that have to be resolved. 100K guarantee has to 269 00:14:37,040 --> 00:14:38,960 be resolved. There's a lot of things Can it 270 00:14:38,960 --> 00:14:41,680 happen? Of course, I don't know. 271 00:14:41,680 --> 00:14:44,920 I'm just pointing out that is perhaps one reason why I'm not 272 00:14:44,920 --> 00:14:47,000 long. Yeah, I'm not sure. 273 00:14:49,000 --> 00:14:52,680 I'm more in wait and see. Yeah, I think, I think that's 274 00:14:52,680 --> 00:14:56,000 the place to be because on the other side of this that we 275 00:14:56,000 --> 00:14:57,760 haven't discussed at all, you talk about banks as a 276 00:14:57,760 --> 00:15:01,160 competitor. Look at hyperliquid, right? 277 00:15:01,160 --> 00:15:06,560 Like it are on chain things like hyperliquid, you know, is that a 278 00:15:06,560 --> 00:15:09,920 real, a real threat to like major, major money? 279 00:15:10,480 --> 00:15:14,680 Of course, you know, if Coinbase can open up per trading to all 280 00:15:14,680 --> 00:15:18,040 of US residents, etcetera, what happens to hype? 281 00:15:18,040 --> 00:15:19,360 Who know? I, I don't know, I mean there, 282 00:15:19,360 --> 00:15:22,840 there's a lot of ifs ands, whatever could happen, but it 283 00:15:22,840 --> 00:15:25,920 presents itself obviously with some opportunity. 284 00:15:26,360 --> 00:15:29,240 If you can work your your your way through these scenarios and 285 00:15:29,240 --> 00:15:30,800 it's sort of the 2nd order effects. 286 00:15:31,120 --> 00:15:35,200 Yeah, if I could bank with Hyperliquid, I'm 100% would so 287 00:15:35,200 --> 00:15:36,960 and and thank you for reminding me to pull up the chart. 288 00:15:36,960 --> 00:15:38,800 It's a beautiful chart. It's one that I wanted to to 289 00:15:38,800 --> 00:15:43,160 pull up anyway, though it looks like it's bouncing off some 290 00:15:43,160 --> 00:15:45,560 local highs. Let's let's get to our next 291 00:15:45,560 --> 00:15:48,960 story because we have a lot on the docket here today. 292 00:15:48,960 --> 00:15:50,840 Folks. You actually wrote this article 293 00:15:51,320 --> 00:15:53,760 forward to Crips. So I might just tee up and and 294 00:15:53,760 --> 00:15:57,960 have you take over. But the big news out of open C 295 00:15:58,360 --> 00:16:02,640 got more details on the C token. We got more details on open C2 296 00:16:02,640 --> 00:16:05,680 point O it's live in beta. It seems like you had a 297 00:16:05,680 --> 00:16:09,800 conversation with Derek Finzer, if I understand correctly. 298 00:16:09,880 --> 00:16:11,440 Devin. Yep, Devin, sorry. 299 00:16:12,320 --> 00:16:16,520 And yeah, I'd love to hear, you know your first hand perspective 300 00:16:16,840 --> 00:16:17,640 AI. Just got to recap the 301 00:16:17,640 --> 00:16:22,160 announcement, plus any vibes you got from Devin on how they've 302 00:16:22,160 --> 00:16:23,160 been building. Yeah. 303 00:16:23,160 --> 00:16:25,400 So to recap the the announcement, the Open C 304 00:16:25,400 --> 00:16:29,920 Foundation clear distinction, the Foundation is launching the 305 00:16:29,920 --> 00:16:33,120 C token SEA. So that's the ticker that 306 00:16:33,120 --> 00:16:40,480 they've chosen 4, not just current users of Open C2 or OS2 307 00:16:40,480 --> 00:16:43,760 platforms or recent users, but also to historical users. 308 00:16:43,760 --> 00:16:46,640 I know that was a big question mark for a lot of folks about 309 00:16:47,080 --> 00:16:50,680 how Open C and the foundation would potentially reward folks 310 00:16:50,680 --> 00:16:53,720 with a token if it were to come. Now of course, we know that that 311 00:16:53,720 --> 00:16:56,440 is coming. So that's the the biggest part 312 00:16:56,440 --> 00:16:58,200 here, right? Is that the the token that has 313 00:16:58,200 --> 00:17:03,200 long been speculated, long been yearned for by NFT traders is is 314 00:17:03,200 --> 00:17:05,640 actually coming? We don't know exactly when, we 315 00:17:05,640 --> 00:17:08,520 don't know the details around tokenomics, but we do know a few 316 00:17:08,520 --> 00:17:11,280 cute things that dispelled rumors that circulated earlier 317 00:17:11,280 --> 00:17:14,319 this week. There will not be a KYCE 318 00:17:14,319 --> 00:17:15,880 requirement. An open Sea Foundation 319 00:17:15,880 --> 00:17:20,280 spokesperson confirmed that to me directly and US users will be 320 00:17:20,280 --> 00:17:22,760 eligible to participate. If you remember earlier this 321 00:17:22,760 --> 00:17:24,599 week there was some boilerplate language. 322 00:17:25,200 --> 00:17:27,280 This is from Devin. So he tweeted this out, I 323 00:17:27,280 --> 00:17:30,680 believe boilerplate language on a test website that was 324 00:17:30,680 --> 00:17:37,400 misconstrued as the facts, right, not unlike crypto to jump 325 00:17:37,400 --> 00:17:40,640 to whatever they see first as fact and, and those things are 326 00:17:40,640 --> 00:17:43,160 are out of the way and have been squashed. 327 00:17:43,200 --> 00:17:47,600 So if you're an open C user from 2021, if you're from the United 328 00:17:47,600 --> 00:17:51,000 States, you will be eligible for C tokens in some way and you 329 00:17:51,000 --> 00:17:53,840 won't need the KYC in order to get them whenever they do come. 330 00:17:53,840 --> 00:17:58,240 So that's the big, big point. Open C2, though, is a you know, 331 00:17:58,240 --> 00:18:02,480 the the complete revitalization of open C and, and Devin was 332 00:18:02,880 --> 00:18:05,480 really forthcoming with with me earlier this week when I got a 333 00:18:05,480 --> 00:18:08,760 chance to talk to him about, you know, how long and painful this 334 00:18:08,760 --> 00:18:12,400 journey has been and how they really look to strip everything 335 00:18:12,400 --> 00:18:15,200 bare, you know, cut it all the way down to its core and rebuild 336 00:18:15,200 --> 00:18:17,040 up. And I know if I'm not going to 337 00:18:17,040 --> 00:18:18,960 be able to remember the names off the top of my head, But if 338 00:18:18,960 --> 00:18:21,520 you ever scanning Twitter in the last few days, you may have seen 339 00:18:21,520 --> 00:18:24,720 some of the open sea engineers talk about the journey as well 340 00:18:25,120 --> 00:18:28,920 to kind of just, you know, all the hard work to get to them 341 00:18:28,920 --> 00:18:31,600 where they are now, which is, you know, a platform where folks 342 00:18:31,600 --> 00:18:34,040 can trade everything. Fungible tokens. 343 00:18:34,640 --> 00:18:37,240 So a lot of support coming soon to trade things like pengu right 344 00:18:37,240 --> 00:18:40,760 on the Penguin page, things like Azuki right on the sorry anime, 345 00:18:40,760 --> 00:18:43,640 right on the Azuki page. And those are things that I 346 00:18:43,640 --> 00:18:45,600 think everybody sort of wants, right. 347 00:18:45,600 --> 00:18:48,600 Well, one stop shop to try to be able to trade everything instead 348 00:18:48,600 --> 00:18:51,880 of hopping between applications and deck Screener and all these 349 00:18:51,880 --> 00:18:54,320 things. So that's what's coming in OS2A 350 00:18:54,720 --> 00:18:58,480 complete revamp. I have not personally really dug 351 00:18:58,480 --> 00:19:01,960 into the product too deep. It's been in closed beta for a 352 00:19:01,960 --> 00:19:04,040 while, right? You saw the closed beta 353 00:19:04,040 --> 00:19:07,200 announcements, the rumors about the XP stuff, which is true. 354 00:19:07,200 --> 00:19:11,120 There is a rewards program, an XP program for folks that are 355 00:19:11,120 --> 00:19:14,680 using the platform actively. Those things are all all out 356 00:19:14,680 --> 00:19:17,440 there. I encourage you to to go ahead 357 00:19:17,440 --> 00:19:20,000 and you know, just dig in to to learn more for yourself there. 358 00:19:20,280 --> 00:19:24,400 To wrap up, I know I've been around here, but I thought Devin 359 00:19:24,400 --> 00:19:29,160 in my conversation with him seemed very genuine and very 360 00:19:29,160 --> 00:19:33,400 measured in the sense that like he he knows he recognizes where 361 00:19:33,400 --> 00:19:38,840 open seas at the community itself NFT participants have 362 00:19:38,840 --> 00:19:41,160 been. I think ruthless is probably a 363 00:19:41,160 --> 00:19:46,840 fairway to assess in their, I don't know, hatred, disdain, 364 00:19:46,840 --> 00:19:51,120 almost like it might be that far for Open C as a brand in the 365 00:19:51,120 --> 00:19:54,320 last year or two. And I think Devin fully 366 00:19:54,320 --> 00:19:57,920 recognizes that. And I think this is a real, you 367 00:19:57,920 --> 00:20:00,640 said it earlier offline, Tyler, like kind of a chip on your 368 00:20:00,640 --> 00:20:03,000 shoulder type moment. You know, they want Open C to 369 00:20:03,000 --> 00:20:04,720 succeed. They want a token to succeed. 370 00:20:04,720 --> 00:20:06,200 They want it to be a long term thing. 371 00:20:07,440 --> 00:20:09,640 And they're going to do it as best as they possibly can. 372 00:20:09,640 --> 00:20:13,520 The foundation in particular you mentioned is learning from other 373 00:20:13,520 --> 00:20:16,200 token drops, learning from the community about how to do this 374 00:20:16,200 --> 00:20:18,960 in the best way possible. So all those rumors you see 375 00:20:18,960 --> 00:20:21,840 circulating and speculation about they're going to screw 376 00:20:21,840 --> 00:20:24,720 over 2021, they're going to do this, that whatever, I, I don't 377 00:20:24,720 --> 00:20:26,400 know, those economics are not out. 378 00:20:26,400 --> 00:20:28,520 They're not available at this point in time. 379 00:20:29,400 --> 00:20:33,120 But I'm keenly aware that I think Devin is seeing all of it. 380 00:20:33,120 --> 00:20:34,440 The foundation is seeing all of it. 381 00:20:35,000 --> 00:20:36,760 They're going to do the best they realistically can. 382 00:20:36,760 --> 00:20:38,760 Will that mean AC token succeeds? 383 00:20:38,960 --> 00:20:42,440 Who knows. Are they going to, I think like 384 00:20:42,440 --> 00:20:47,240 walk themselves onto the plank by, you know, coming up with 385 00:20:47,240 --> 00:20:50,040 horrible tokenomics that the community is already railing 386 00:20:50,040 --> 00:20:52,440 against. I I don't actually expect that. 387 00:20:52,600 --> 00:20:54,720 I know many people do expect that will be the case. 388 00:20:54,800 --> 00:21:00,720 I I personally I don't, but yeah, anyway, sorry that was a 389 00:21:00,760 --> 00:21:02,800 that was a lot it. Was a lot, it was great time. 390 00:21:02,840 --> 00:21:05,840 You arguably have as much personal insight as anyone 391 00:21:06,200 --> 00:21:08,840 having talked with with Devin first hand. 392 00:21:09,200 --> 00:21:10,840 I sent this on. I did a stream on abstract 393 00:21:10,840 --> 00:21:12,360 yesterday. I'll share some of my thoughts 394 00:21:12,680 --> 00:21:16,080 again here. I think if you are rooting for 395 00:21:16,080 --> 00:21:19,480 open C, if you are an open C investor or you are optimistic 396 00:21:19,480 --> 00:21:21,840 that you may get an AirDrop and you don't want the AirDrop to be 397 00:21:21,840 --> 00:21:24,440 worth 0, you have to love these comms. 398 00:21:24,440 --> 00:21:25,880 I think these comms were perfect. 399 00:21:26,640 --> 00:21:30,360 They addressed the fudge straight on open. 400 00:21:30,520 --> 00:21:33,840 Like they came out and said US users are fine and OG's are 401 00:21:33,840 --> 00:21:36,480 going to be rewarded. Stop telling us that that's not 402 00:21:36,480 --> 00:21:37,840 so. Stop complaining about that. 403 00:21:38,600 --> 00:21:42,200 I love some of these tidbits like we're a smaller team 404 00:21:42,200 --> 00:21:44,520 merging 6X to commits with half the team signs. 405 00:21:44,520 --> 00:21:46,480 We got too big, we got too well too. 406 00:21:47,200 --> 00:21:49,840 Address it, it's over, you're moving past it. 407 00:21:49,840 --> 00:21:53,520 I love that. What I love the most was 408 00:21:53,560 --> 00:21:55,320 addressing as haters to all the haters. 409 00:21:55,320 --> 00:21:59,400 You is better to those who stuck with us, We're building the 410 00:21:59,400 --> 00:22:01,320 open. CU always believed in like that. 411 00:22:01,320 --> 00:22:04,000 This is the the part of his message that made me think, OK, 412 00:22:04,000 --> 00:22:06,560 he's got the chip on the shoulder, which I love. 413 00:22:06,760 --> 00:22:09,520 I love when my founders have chips on their shoulders. 414 00:22:10,000 --> 00:22:13,320 So I think that's kind of what drives people the most. 415 00:22:13,480 --> 00:22:16,800 And he feels driven. Yeah, I, you know, I asked him 416 00:22:16,800 --> 00:22:20,880 about the the leaner team thing. There's a comment directly from 417 00:22:20,880 --> 00:22:24,960 him in in the article about they got to Web 2 right? 418 00:22:24,960 --> 00:22:27,560 And that's a trend that we've seen in this in this market. 419 00:22:27,560 --> 00:22:31,400 Same thing happened at Yuga labs with Garga coming back. 420 00:22:31,400 --> 00:22:33,800 He said the exact same thing, right, just happened with 421 00:22:33,800 --> 00:22:35,760 doodles. Scott Martin taking over said 422 00:22:35,760 --> 00:22:39,200 basically exact same thing. They want to be more web three. 423 00:22:39,200 --> 00:22:42,080 They want to be more scrappy. They want to be crypto native 424 00:22:42,280 --> 00:22:46,320 and that crypto, you know, native feel means a couple 425 00:22:46,320 --> 00:22:48,560 things. It means shipping things fast. 426 00:22:48,560 --> 00:22:52,000 It means there's a token involved, right? 427 00:22:52,200 --> 00:22:54,800 It means a lot of things that a lot of people, I think, again, 428 00:22:54,800 --> 00:22:58,120 yearned for. Nobody should be rooting. 429 00:22:58,160 --> 00:23:03,120 One of the weird things to me, Tyler, is it still seems like at 430 00:23:03,120 --> 00:23:06,000 least there's a pocket on my timeline that is rooting against 431 00:23:06,000 --> 00:23:07,680 Open C. Yes, a huge pocket. 432 00:23:08,160 --> 00:23:10,800 I don't understand that in any way shape or form. 433 00:23:11,600 --> 00:23:13,560 Will your air drop be worth anything? 434 00:23:13,680 --> 00:23:16,000 No comment. I, you know, like whatever, who 435 00:23:16,000 --> 00:23:20,840 knows, but rooting against them just because you disliked they 436 00:23:20,840 --> 00:23:23,400 didn't ship enough and over the course of last few years or 437 00:23:23,400 --> 00:23:26,200 whatever, we're in a completely, in my opinion, we're in a 438 00:23:26,200 --> 00:23:29,400 completely different environment. 2021 doesn't happen 439 00:23:29,400 --> 00:23:33,280 without open C, right? Everything's a little bit 440 00:23:33,280 --> 00:23:35,040 different, you know, the butterfly effect type thing. 441 00:23:35,040 --> 00:23:37,760 Everything's a little bit different without open C, of 442 00:23:37,760 --> 00:23:38,600 course. Yeah. 443 00:23:38,600 --> 00:23:40,760 And this is part of the what I thought Devin did a great job of 444 00:23:40,760 --> 00:23:42,640 was like he, I think he understands. 445 00:23:42,640 --> 00:23:45,200 He said, you know, he talked about the long painful journey 446 00:23:45,200 --> 00:23:48,840 to get to where they are now. They recognize it was not 447 00:23:48,840 --> 00:23:51,800 perfect over the course of the last few years, but rooting 448 00:23:51,800 --> 00:23:54,560 against them moving forward just seems so silly. 449 00:23:54,840 --> 00:23:57,560 Like, not only are you potentially rooting against your 450 00:23:57,560 --> 00:24:00,280 financial interests should you be eligible for an open seat 451 00:24:00,280 --> 00:24:03,360 token, but you're also rooting against one of the bigger brands 452 00:24:03,360 --> 00:24:06,000 in this space and one of the bigger infrastructure components 453 00:24:06,000 --> 00:24:09,440 that would be necessary if you ever want to see an NFT season 454 00:24:09,440 --> 00:24:11,560 ever again. You need open seat probably, 455 00:24:11,640 --> 00:24:13,320 right? Like, I don't know, it just 456 00:24:13,320 --> 00:24:15,480 seems really weird to me to see so many people still like 457 00:24:15,480 --> 00:24:19,280 wanting to dunk on them when they have been very much, in my 458 00:24:19,280 --> 00:24:22,720 opinion, forthright about the fact that like, hey, things 459 00:24:22,720 --> 00:24:23,840 weren't as great as they could have been. 460 00:24:23,840 --> 00:24:26,120 We're going to do as much as we can to figure it out. 461 00:24:26,160 --> 00:24:28,040 And maybe it's just, maybe it's just because they didn't 462 00:24:28,040 --> 00:24:29,680 communicate that earlier. I don't know. 463 00:24:29,680 --> 00:24:32,400 But at least they're trying now. And to me, that's that's worth 464 00:24:32,400 --> 00:24:34,320 something. It's because crypto Twitter is 465 00:24:34,320 --> 00:24:38,040 full of haters. It's because negative posts get 466 00:24:38,720 --> 00:24:42,480 way more engagement and impressions than positive posts 467 00:24:42,480 --> 00:24:45,160 do, so that's why it's amplified on the timeline. 468 00:24:46,720 --> 00:24:49,160 Everyone just can't. They can't wait to say, oh I'm 469 00:24:49,160 --> 00:24:53,120 going to full stack sell my open Sierra, drop it and move on. 470 00:24:53,200 --> 00:24:58,040 Like all right, cool. Rooting for open CI. 471 00:24:58,040 --> 00:25:00,720 Love this. We've already spent like 10 472 00:25:00,720 --> 00:25:04,760 minutes on this, maybe quickly. I think the key question still 473 00:25:04,760 --> 00:25:06,280 is why are people going to use the platform? 474 00:25:07,360 --> 00:25:10,800 We all use it everyday. In 2021 a lot of us, myself 475 00:25:10,800 --> 00:25:12,440 included have stopped using it everyday. 476 00:25:12,440 --> 00:25:16,800 So like what is going to make me or you start using Open C2 point 477 00:25:16,800 --> 00:25:18,480 O on a daily basis? Do you have an answer? 478 00:25:18,600 --> 00:25:24,720 For that, you know, I'm not sure I do at present time it is I'm 479 00:25:24,760 --> 00:25:26,840 not doing much NFT trading at this point in time. 480 00:25:26,840 --> 00:25:31,920 But actually when I have bought and or sold of late, it's been 481 00:25:31,920 --> 00:25:34,000 very minimal. It has been through Open C just 482 00:25:34,000 --> 00:25:38,960 because whatever some of that stickiness from 2021, whatever 483 00:25:39,080 --> 00:25:43,720 it happens to be, I don't know. I, I, I don't know. 484 00:25:43,720 --> 00:25:45,520 I like, I need to fully dig around. 485 00:25:45,520 --> 00:25:48,080 Full transparency, I have not. I have not used OS 2 yet. 486 00:25:48,680 --> 00:25:50,280 Either. It's difficult for me to really 487 00:25:50,280 --> 00:25:53,240 comment too much and, you know, shit on the platform without 488 00:25:53,240 --> 00:25:56,200 having tried it. But if all those things are in 489 00:25:56,200 --> 00:25:59,880 one place, you know, the ability to trade coins, you know, 490 00:25:59,920 --> 00:26:04,320 tokens, fungible tokens, you know, at low fees, gain exposure 491 00:26:04,320 --> 00:26:08,360 to things that I'd wish to gain exposure to in one spot. 492 00:26:08,360 --> 00:26:11,640 And I'm open to it, no pun intended. 493 00:26:12,240 --> 00:26:13,440 I don't know, though. It's going to be really 494 00:26:13,440 --> 00:26:16,760 difficult because it has not been the place for most of the 495 00:26:16,760 --> 00:26:20,560 active participants to go in the last two years. 496 00:26:20,960 --> 00:26:25,120 So I I used 2 two sides primarily for all my journey. 497 00:26:25,640 --> 00:26:31,920 I use Jupiter and Uniswap. If Open C can really unlock this 498 00:26:31,920 --> 00:26:36,840 native cross chain purchasing, if any of my EVM swaps that I'm 499 00:26:36,840 --> 00:26:40,320 thinking about doing, I can do on open C, maybe that's what's 500 00:26:40,320 --> 00:26:43,440 going to get me in the door. So I think leaning into that 501 00:26:43,440 --> 00:26:46,600 makes absolute sense. And it seems like they they get 502 00:26:46,600 --> 00:26:50,200 that. So we will certainly see. 503 00:26:50,200 --> 00:26:53,040 I need to spend some time digging into OS 2 point O as 504 00:26:53,040 --> 00:26:55,200 well. You mentioned you know a part of 505 00:26:55,200 --> 00:26:59,200 this was them admitting they are Web 2 going Web 3. 506 00:26:59,560 --> 00:27:04,200 Fairly good analogy for doodles company that many thought Julian 507 00:27:04,200 --> 00:27:07,280 Hogan was web 2 corporate again. I I like Julian Hogan quite a 508 00:27:07,280 --> 00:27:08,760 bit. I think he did a very good job 509 00:27:09,240 --> 00:27:14,360 running doodles. But he is out and the news they 510 00:27:14,360 --> 00:27:18,400 have introduced. Dude the official token of 511 00:27:18,520 --> 00:27:21,400 doodles. Not a whole lot of of info in 512 00:27:21,400 --> 00:27:24,480 the announcement post. We did get the tokenomics. 513 00:27:24,480 --> 00:27:28,200 It's going to be on Salon and another ETH NFT brand launching 514 00:27:28,200 --> 00:27:33,280 a token on Solana, 68% for the community, 10 billion tokens. 515 00:27:33,280 --> 00:27:36,560 So the unit bias is going to be a decimal behind your typical 516 00:27:36,560 --> 00:27:39,720 pump fund. So at a dollar, it would be a 517 00:27:40,240 --> 00:27:43,800 $100 million market cap. No opposite a dollar would make 518 00:27:43,800 --> 00:27:45,360 it a $10 billion market cap, right? 519 00:27:45,800 --> 00:27:48,760 At $0.10, it would it would be at 1 billion. 520 00:27:48,760 --> 00:27:51,560 So that's your unit bias a little bit better then we 521 00:27:51,560 --> 00:27:53,640 typically see. I think it's slightly worse than 522 00:27:53,640 --> 00:27:57,000 Pingu would be from a unit bias perspective. 523 00:27:57,760 --> 00:28:02,200 Logan, I think you First off have been a long time Doodles 524 00:28:02,200 --> 00:28:03,960 fan. Yes, yeah. 525 00:28:05,840 --> 00:28:08,040 Gone through the evolution, the roller coaster leadership 526 00:28:08,040 --> 00:28:11,920 changes. How you feel about this? 527 00:28:12,240 --> 00:28:16,120 Does it make sense? The article you have pulled up 528 00:28:16,120 --> 00:28:18,880 for anybody watching the stream, I highly highly recommend 529 00:28:18,880 --> 00:28:22,800 anybody who is interested in this token read this article 530 00:28:22,800 --> 00:28:25,880 from Sander over at my colleague at the crypt. 531 00:28:26,480 --> 00:28:28,640 Really eye opening. He got to talk to Scott Martin, 532 00:28:29,120 --> 00:28:32,480 now CEO but the artist Co founder of Doodles. 533 00:28:33,480 --> 00:28:35,520 And again, disclosure, I do have some doodles assets. 534 00:28:35,520 --> 00:28:37,760 They are doodles too related I believe. 535 00:28:37,760 --> 00:28:40,160 Maybe I have a duplicator still, I'm not entirely sure. 536 00:28:41,240 --> 00:28:43,760 So putting all that out there and I am a Doodles fan. 537 00:28:43,760 --> 00:28:46,120 I love the color and I love the the brand itself. 538 00:28:46,600 --> 00:28:52,480 I am highly uncertain about what I'm, you know, about this token 539 00:28:52,480 --> 00:28:54,040 in particular. If you kind of read through this 540 00:28:54,040 --> 00:29:00,360 article, you know, it mentions, of course, that things were 541 00:29:00,360 --> 00:29:02,520 corporate. I think Scott did a great job of 542 00:29:02,520 --> 00:29:04,960 detailing here that there are some things that like didn't 543 00:29:04,960 --> 00:29:07,000 make a lot of sense. The he he gives the example of 544 00:29:07,000 --> 00:29:10,400 the Rubik's Cube drop in which it's kind of cool to put doodles 545 00:29:10,400 --> 00:29:12,760 assets on a Rubik's Cube, but it didn't really make a lot of 546 00:29:12,760 --> 00:29:17,680 sense to extract and put doodles Rubik's cubes collectibles on 547 00:29:17,680 --> 00:29:19,000 chain. Like what? 548 00:29:19,000 --> 00:29:21,520 What is that good for? Like, I think those comments 549 00:29:21,520 --> 00:29:23,520 make a lot of sense and that that part, it's really 550 00:29:23,520 --> 00:29:28,040 refreshing. But as you continue to read, you 551 00:29:28,040 --> 00:29:30,680 know, there's kind of the question about like, So what, 552 00:29:30,680 --> 00:29:33,520 what is this? And that's where it becomes a 553 00:29:33,520 --> 00:29:35,600 little less clear, right. And that's the question that is 554 00:29:35,600 --> 00:29:41,320 surrounded all these NFT token drops like anime, like pengu is 555 00:29:41,320 --> 00:29:45,920 like what, what exactly is this? Like, is it a meme coin? 556 00:29:45,920 --> 00:29:48,920 Is it a culture coin? What does it do in the future? 557 00:29:49,360 --> 00:29:51,520 And those are the questions that are really difficult to answer. 558 00:29:51,520 --> 00:29:54,720 And I'm not like, I don't mean to to pick on Scott for not 559 00:29:54,720 --> 00:29:57,240 having a great answer to that because I, I don't necessarily 560 00:29:57,240 --> 00:30:00,000 think that like any of the people dropping tokens have a 561 00:30:00,000 --> 00:30:03,200 great answer to it right now. It's just kind of the thing you 562 00:30:03,200 --> 00:30:05,440 do right. Some people see that as highly 563 00:30:05,440 --> 00:30:08,160 extractive as a way to cash out. Some people see that as a way to 564 00:30:08,160 --> 00:30:10,640 reward their community. I think you can make arguments 565 00:30:10,840 --> 00:30:14,440 in any way, but reading this, it was, it was eye opening and I 566 00:30:14,440 --> 00:30:16,160 don't want to take too much from the article again. 567 00:30:16,160 --> 00:30:18,920 I highly recommend you go. You go read it and and you come 568 00:30:18,920 --> 00:30:23,040 to these things on your own. To me, this just feels a little 569 00:30:23,040 --> 00:30:28,480 late to be quite honest. Does that mean it should have 570 00:30:28,480 --> 00:30:29,920 dropped in 2021? I don't know. 571 00:30:29,920 --> 00:30:34,000 There's so much regulatory uncertainty about what to do. 572 00:30:34,560 --> 00:30:36,200 You know that that's part of this as well. 573 00:30:37,320 --> 00:30:41,120 Every company now sees the opportunity to do this, and so 574 00:30:41,920 --> 00:30:45,360 why not, right? I get that to a certain degree, 575 00:30:45,360 --> 00:30:49,440 but tough man, I think it, I think it's just a little bit too 576 00:30:49,440 --> 00:30:53,200 late. I can't foresee this. 577 00:30:53,600 --> 00:30:56,160 I'm rooting for Doodles as a brand. 578 00:30:56,160 --> 00:30:57,640 I think it has a great opportunity. 579 00:30:57,640 --> 00:30:59,200 It's already done a fantastic job. 580 00:30:59,200 --> 00:31:02,320 Those Web 2 partnerships in which Scott does allude that 581 00:31:02,320 --> 00:31:05,640 they will continue the things with Pharrell, the McDonald's 582 00:31:05,640 --> 00:31:08,720 partnerships like those, those are significant wins for our 583 00:31:08,720 --> 00:31:11,080 space, in my opinion. I'm rooting for Doodles for 584 00:31:11,080 --> 00:31:16,120 sure, but I don't I don't foresee a world in which this 585 00:31:16,120 --> 00:31:19,600 token does anything but replicate the charts you're 586 00:31:19,640 --> 00:31:21,600 showing right now. Yeah, for those in the stream, 587 00:31:21,600 --> 00:31:25,680 I'm sharing the anime coin chart, the Pingu chart, and a 588 00:31:25,680 --> 00:31:27,240 pudgy holder. A Pingu holder. 589 00:31:27,880 --> 00:31:31,800 I I can't deny like what's been happening with these NTT tokens, 590 00:31:32,000 --> 00:31:36,880 right? We had a nice pump on Pingu into 591 00:31:36,880 --> 00:31:39,560 Trump Sunday. Since Trump Sunday, it's gotten 592 00:31:39,560 --> 00:31:43,120 decimated like every other coin in the mean market. 593 00:31:43,560 --> 00:31:48,280 Unfortunately for anime, it launched later, so it was more 594 00:31:48,280 --> 00:31:50,080 impacted. It's basically been down only. 595 00:31:50,080 --> 00:31:52,320 So I think the question is, what is doodles going to be able to 596 00:31:52,320 --> 00:31:57,000 do to avoid this chart? I guess if they can somehow open 597 00:31:57,000 --> 00:32:02,560 the token low and not open it a couple 100 million, maybe that's 598 00:32:02,560 --> 00:32:04,560 one way. But I feel like people once you 599 00:32:04,560 --> 00:32:07,600 have this chart, people just get so fixated on it rightfully or 600 00:32:07,600 --> 00:32:12,160 wrongfully and like and Pingu is what, 600 million? 601 00:32:13,400 --> 00:32:18,640 It is a still a tremendously high market cap coin that anyone 602 00:32:18,640 --> 00:32:20,440 would objectively call a success. 603 00:32:21,400 --> 00:32:25,000 Yeah, it's at a billion dollar, 1,950,000,000 FTV. 604 00:32:25,600 --> 00:32:27,600 Yeah. But the chart looks bad and and 605 00:32:27,600 --> 00:32:30,600 people don't like it. I don't know what doodles is 606 00:32:30,600 --> 00:32:31,840 going to be able to do to fix that. 607 00:32:31,920 --> 00:32:34,000 I I will say this is a very interesting article. 608 00:32:34,000 --> 00:32:37,160 I do recommend people read it. This makes me a little nervous. 609 00:32:37,160 --> 00:32:40,120 So first it's going to hit the market as a meme coin. 610 00:32:41,000 --> 00:32:43,440 Then as U.S. Securities laws are navigated, a 611 00:32:43,440 --> 00:32:44,680 utility coin. That's great. 612 00:32:44,680 --> 00:32:49,000 But what I don't love here is team has drawn up plans to 613 00:32:49,000 --> 00:32:51,720 dangle a large, expensive sculpture from the ceiling and 614 00:32:51,720 --> 00:32:55,400 let users spin do tokens to start to slowly lower it, 615 00:32:55,840 --> 00:32:58,440 allowing the audience to finish the story. 616 00:32:58,440 --> 00:33:03,960 I I was feel nervous when things sound like they're being turned 617 00:33:03,960 --> 00:33:06,400 over to the community because the community isn't going to run 618 00:33:06,400 --> 00:33:10,680 this token. It absolutely need the team to 619 00:33:10,720 --> 00:33:14,080 to drive the project forward and any kind of a vision for the 620 00:33:14,080 --> 00:33:17,000 token. If you Scroll down just a little 621 00:33:17,000 --> 00:33:22,680 bit more, Tyler, that next graph, sorry, you go up a little 622 00:33:22,680 --> 00:33:24,760 bit. There's a, you know, does the 623 00:33:24,960 --> 00:33:28,480 just below where your graphs, there's a point where Sander 624 00:33:28,480 --> 00:33:31,000 basically asked, does the company really need to launch 625 00:33:31,000 --> 00:33:34,200 its own speculative token to enable the rare, the destruction 626 00:33:34,200 --> 00:33:38,040 of a rare artwork? And you know, after a minute of 627 00:33:38,040 --> 00:33:40,840 thought, Scott says we have fiduciary duty to bring value to 628 00:33:40,840 --> 00:33:43,000 our holders. Dude could be a very competitive 629 00:33:43,000 --> 00:33:44,680 and valuable asset in this new market. 630 00:33:45,760 --> 00:33:50,840 OK, interesting. Again, I'm not knocking anybody 631 00:33:50,840 --> 00:33:54,680 for launching a token now that it feels like shackles are off 632 00:33:54,680 --> 00:33:56,560 for launching a token. I love tokens. 633 00:33:57,160 --> 00:34:00,240 AirDrop them to me. You know, I'm not I'm not mad 634 00:34:00,240 --> 00:34:04,040 about people launching tokens, but it's just it's really hard. 635 00:34:04,200 --> 00:34:07,000 You know, it's an unenviable position to get to this point 636 00:34:07,920 --> 00:34:10,239 and the utility aspect like I think that's a, you know, 637 00:34:10,239 --> 00:34:13,920 whatever, a gimmicky unique way to to build in some sinks, but 638 00:34:14,080 --> 00:34:19,360 people don't give a shit. Penguin Penguins burned 13.69% 639 00:34:19,360 --> 00:34:21,360 of the supply. Nobody cared. 640 00:34:21,600 --> 00:34:23,719 Penguins on Coinbase spot trading. 641 00:34:24,000 --> 00:34:29,120 Nobody cares like it's, it is remarkably difficult. 642 00:34:29,120 --> 00:34:32,400 And as you spread out those tentacles in, in a way in which 643 00:34:32,400 --> 00:34:36,159 it feels like you're doing a great thing by offering an 644 00:34:36,159 --> 00:34:38,920 opportunity for folks to get into the ecosystem. 645 00:34:39,400 --> 00:34:41,560 You're actually just kind of walking your way back into that 646 00:34:41,560 --> 00:34:45,840 proliferation argument that we had in the NFTS in 2021 and 647 00:34:45,840 --> 00:34:48,960 2022, which is you've just created more assets for people 648 00:34:48,960 --> 00:34:51,520 to buy or not and like, I don't know. 649 00:34:52,000 --> 00:34:57,000 So I'm I don't envy the doodles team in this regard. 650 00:34:57,640 --> 00:35:00,000 At the same time, I totally understand why they would 651 00:35:00,000 --> 00:35:03,360 potentially go this route. And I'm rooting, I'm rooting for 652 00:35:03,360 --> 00:35:05,840 all of these projects because they're important and they're 653 00:35:05,840 --> 00:35:09,200 they're fun. And these things are good for 654 00:35:09,200 --> 00:35:11,840 the space, in my opinion, to have more than just payments, to 655 00:35:11,840 --> 00:35:14,880 have more than just defy, which we all want. 656 00:35:14,880 --> 00:35:18,120 I think we want a robust web 3 crypto ecosystem. 657 00:35:18,600 --> 00:35:21,120 You need some of these things to succeed in order to have that, 658 00:35:21,120 --> 00:35:24,640 in my opinion. I think one of the core theses 659 00:35:24,640 --> 00:35:28,440 behind NFT products launching tokens was an expansion and the 660 00:35:28,440 --> 00:35:30,920 ability to get more holders into an ecosystem. 661 00:35:31,760 --> 00:35:35,320 Have we accomplished that? I'm bearish. 662 00:35:35,680 --> 00:35:36,880 I'm. Bearish that token. 663 00:35:37,560 --> 00:35:40,480 Have any people, have any teams really been able to prove that 664 00:35:40,480 --> 00:35:43,760 yet? So high level, I think the 665 00:35:43,760 --> 00:35:48,280 verdict is still out on and this whole NFT token meta, it's too 666 00:35:48,280 --> 00:35:50,720 soon to call it a failure of success. 667 00:35:50,920 --> 00:35:54,960 I think the pessimists out there are winning right now and 668 00:35:54,960 --> 00:35:57,640 certainly saying that OK, these NFTS punk because the token and 669 00:35:57,640 --> 00:36:02,880 now they're back down to the rightful prices and now they've 670 00:36:02,880 --> 00:36:06,560 got no future levers and they weren't really able to 671 00:36:06,560 --> 00:36:08,040 meaningfully expand the community. 672 00:36:08,320 --> 00:36:10,480 The holder point is really interesting to me, Tyler, 673 00:36:10,480 --> 00:36:13,240 because that was something that was championed as as part of 674 00:36:13,240 --> 00:36:17,680 Pengu, for example, 7 million eligible wallets and then they 675 00:36:17,680 --> 00:36:22,680 burned 14% of the ply because the remaining wallets were to 676 00:36:22,680 --> 00:36:25,680 them bots, right? Like you can't have both things 677 00:36:25,680 --> 00:36:27,920 in my opinion, you, you can't be championing the fact that you 678 00:36:27,920 --> 00:36:30,520 have so many people. Sorry, not necessarily people, 679 00:36:30,520 --> 00:36:33,600 but wallets eligible to, to claim this and then also like 680 00:36:33,600 --> 00:36:36,160 shut off the ability for all those wallets to claim this. 681 00:36:36,720 --> 00:36:38,200 It's just, it's, it's a little funky to me. 682 00:36:38,200 --> 00:36:40,720 I, I don't, I don't think those metrics really are, are 683 00:36:40,720 --> 00:36:42,320 mattering too much at this point in time. 684 00:36:43,240 --> 00:36:47,720 And it's, it's not a, a point of it's not a catalyst. 685 00:36:47,840 --> 00:36:51,480 More wallets in this market at this exact moment in time. 686 00:36:51,880 --> 00:36:55,160 It it's not a catalyst. Trying to pull up how many 687 00:36:55,160 --> 00:36:58,560 holders go ahead, Brad. Yeah, I just said like I had, I 688 00:36:58,560 --> 00:36:59,800 had a little comment on this. Oof. 689 00:36:59,960 --> 00:37:03,400 Look at that chart. 5000 holders, that's where I that's 690 00:37:03,400 --> 00:37:05,600 the number I was looking for. I found the bottom though. 691 00:37:05,600 --> 00:37:07,360 Look at that, it's rounding out a little bit, right? 692 00:37:07,760 --> 00:37:11,760 I think it is. Yeah, like my my commentary is 693 00:37:11,760 --> 00:37:15,280 less on the actual like should they do a token or not and more 694 00:37:15,280 --> 00:37:17,480 about just like the structural way in which they went about it. 695 00:37:17,600 --> 00:37:21,160 Because like I get the I get the desire is those holder numbers 696 00:37:21,160 --> 00:37:22,440 that you're talking about the several million. 697 00:37:22,440 --> 00:37:26,000 But I still just think long term fracturing these, these 698 00:37:26,200 --> 00:37:29,360 communities, even in the name of distribution amongst like 9 699 00:37:29,360 --> 00:37:33,000 different chains and like whatever, like I just, I don't, 700 00:37:33,040 --> 00:37:36,440 I don't think, I don't think it'll be a net benefit long 701 00:37:36,440 --> 00:37:38,720 term. Doodles like Pengu did it, 702 00:37:38,920 --> 00:37:42,640 Doodles is now doing it right. Doodles has has a strong 703 00:37:42,640 --> 00:37:44,560 affiliation with base, right? They move their collection from 704 00:37:44,560 --> 00:37:46,600 flow over to base and then like all of a sudden they eat their 705 00:37:46,600 --> 00:37:50,400 stuff over in the Solana. Pengu has mainnet NFTS. 706 00:37:50,400 --> 00:37:52,840 That's where their holders are. They're now have abstract, which 707 00:37:52,840 --> 00:37:57,040 I assume is where a lot of those are NFTS may migrate or they're 708 00:37:57,040 --> 00:37:58,600 going to do some expansion there at some point. 709 00:37:58,840 --> 00:38:02,680 But eating some stuff over on Solana and like, it's just, even 710 00:38:02,680 --> 00:38:05,000 though for them, they can try to make a cohesive environment, 711 00:38:05,000 --> 00:38:09,280 it's still just it. Your users are in one place. 712 00:38:09,280 --> 00:38:11,560 That means their NF TS receive the benefits of all the 713 00:38:11,560 --> 00:38:13,480 applications that are also in that one place, right? 714 00:38:13,480 --> 00:38:16,320 If you're on base, like just as an example, if you're on base, 715 00:38:16,320 --> 00:38:18,760 you have a doodle and your doodle gives you benefits in 716 00:38:18,760 --> 00:38:20,480 Aerodrome. Aerodrome is a base native 717 00:38:20,480 --> 00:38:21,800 application. Like this is your home. 718 00:38:21,800 --> 00:38:23,000 These are the apps you're getting familiar with. 719 00:38:23,280 --> 00:38:26,080 Aerodrome is probably not going to like integrate Solana or at 720 00:38:26,080 --> 00:38:27,280 least not specifically for your thing. 721 00:38:27,280 --> 00:38:30,720 So now the applications that your users are used to have, 722 00:38:30,720 --> 00:38:33,320 like I have to try to support everything or they're going to 723 00:38:33,320 --> 00:38:35,360 be fractured, right? Like, oh, I want to lend, but I 724 00:38:35,360 --> 00:38:36,560 got this thing. I can't use aerodrome. 725 00:38:36,560 --> 00:38:38,600 I got to use marinade and I got I got to use this other thing. 726 00:38:38,600 --> 00:38:41,880 And it's just like it creates this user education journey that 727 00:38:42,000 --> 00:38:44,640 it's just like, I don't know that you can recover from long 728 00:38:44,640 --> 00:38:45,840 term. Pups did the same thing, right? 729 00:38:45,840 --> 00:38:47,760 They had to eventually burn their bridge on their stuff on 730 00:38:47,760 --> 00:38:51,000 Solana and like that creates a situation where you have to go, 731 00:38:51,200 --> 00:38:52,680 Oh, sorry, guys, you missed a cut off. 732 00:38:52,680 --> 00:38:54,960 I just evaporated 20 grand out of your out of your wallet, 733 00:38:55,160 --> 00:38:56,280 right? You like we're done doing this 734 00:38:56,280 --> 00:39:00,160 service and like long term, just I'm just, I'm not bullish on it. 735 00:39:02,400 --> 00:39:07,920 Very fairpoint and we will certainly see how this pans out. 736 00:39:08,760 --> 00:39:10,360 It seems like it's probably going to be Q1. 737 00:39:10,360 --> 00:39:12,320 We don't really have date on the Doodles token. 738 00:39:12,320 --> 00:39:14,320 We don't really have date on the open C token either. 739 00:39:14,320 --> 00:39:18,160 I would guess Doodles is before open CI can see open C being. 740 00:39:18,160 --> 00:39:21,680 We're talking Kaido now, Tyler. Let's get into it. 741 00:39:22,360 --> 00:39:25,240 Let's talk about Kaido token. It's on my list. 742 00:39:26,040 --> 00:39:33,160 Here we are, so set the stage. This week has been a huge week 743 00:39:33,440 --> 00:39:36,680 of social air drops for Kaido power users. 744 00:39:37,160 --> 00:39:42,800 We had Bear Chain, Anime coin, story protocol and their IP 745 00:39:42,800 --> 00:39:47,160 token, and then also this Kwai I I I can't vouch for quiet as 746 00:39:47,160 --> 00:39:48,320 much. I haven't had a chance to dig 747 00:39:48,320 --> 00:39:50,240 into that one, I know. The team, I'll vouch for them. 748 00:39:50,240 --> 00:39:51,240 They're good guys. Yep. 749 00:39:51,320 --> 00:39:52,600 American made? Yep. 750 00:39:53,440 --> 00:39:54,720 But we love American made crypto. 751 00:39:55,040 --> 00:39:59,400 American made on the show. Fantastic. 752 00:40:00,920 --> 00:40:02,240 Well, that's good to hear because I, I was going to the 753 00:40:02,240 --> 00:40:05,120 website and I was a little bit nervous because I hadn't had a 754 00:40:05,120 --> 00:40:08,360 chance to dig in. We'll put that aside. 4 social 755 00:40:08,360 --> 00:40:10,120 air drops for, for Kaido power users. 756 00:40:10,120 --> 00:40:14,120 And then today, this morning we got the news introducing the 757 00:40:14,120 --> 00:40:19,280 Kaido token and entering the new era of attention and Info Phi. 758 00:40:19,720 --> 00:40:22,760 They go to talk a little bit about what they're building the 759 00:40:22,760 --> 00:40:25,800 developments with Kaido Connects and they talk about the token 3 760 00:40:25,800 --> 00:40:29,880 roles driving market forces, serving as a network currency, 761 00:40:29,880 --> 00:40:33,400 enabling community governance. So Brett, I feel like you're 762 00:40:33,400 --> 00:40:35,240 chomping at the bit to to comment on this one. 763 00:40:35,240 --> 00:40:40,360 So reactions to to Kaido and is this, is this the best iteration 764 00:40:40,360 --> 00:40:45,480 of social fire we we've seen? It is fun like and I obviously 765 00:40:45,480 --> 00:40:48,200 like I, I haven't been like actively farming or doing stuff, 766 00:40:48,200 --> 00:40:50,440 but I do have deep exposure to it because I've been successful 767 00:40:50,440 --> 00:40:52,960 in the protocol just by nature of what I do. 768 00:40:53,040 --> 00:40:56,040 Like I got 22 NFTS right and those were pumping this morning 769 00:40:57,440 --> 00:41:00,040 and then I'm I'm actually in the picture on this thing. 770 00:41:00,040 --> 00:41:02,960 So I'm a top 10 yaps holder. So I love the numbers people are 771 00:41:02,960 --> 00:41:05,560 throwing around. I but I've been burned before. 772 00:41:05,560 --> 00:41:07,520 So like, you know, I'm I'm not getting my hopes up. 773 00:41:07,720 --> 00:41:11,840 I'm if it's a hyper liquid for info fi, hell yeah, I'm I'm 774 00:41:11,840 --> 00:41:13,640 eating. I love it And let's let's see 775 00:41:13,640 --> 00:41:17,320 where this thing can go. I think ultimately, like I I am 776 00:41:17,320 --> 00:41:20,280 excited about Kyo as a platform. Obviously we're using it as a 777 00:41:20,280 --> 00:41:23,520 we're using it as as Maggie, right? 778 00:41:23,520 --> 00:41:26,680 We just, we just got this thing because frankly, if you're not, 779 00:41:27,200 --> 00:41:31,240 if you're not building something like this in house, there's not 780 00:41:31,240 --> 00:41:35,320 a lot of good tools out in the world to sit there and, and 781 00:41:35,320 --> 00:41:39,200 actually analyze social sentiment stuff on TCT, like 782 00:41:39,360 --> 00:41:41,680 monitor the discussion and then isolate and give those things 783 00:41:41,680 --> 00:41:44,000 back to the users, right. So like it is a really good 784 00:41:44,000 --> 00:41:45,880 tool. And you're see, that's why 785 00:41:45,880 --> 00:41:48,120 you're seeing teams leverage this stuff because story 786 00:41:48,120 --> 00:41:50,840 protocol in the old days, like if you're going to try and 787 00:41:50,840 --> 00:41:53,880 figure out who's talking like about you on CT and who you 788 00:41:53,880 --> 00:41:57,880 should distribute stuff back to, it's you have to, you have to 789 00:41:57,880 --> 00:42:01,640 sit there and, and like scrape Twitter, right, Which is what 790 00:42:01,640 --> 00:42:04,080 they're doing. Or you just like sort by like 791 00:42:04,200 --> 00:42:06,840 scanning our name and then sorting by like most 792 00:42:06,840 --> 00:42:08,560 interactions, which can be boded to shit, right? 793 00:42:08,560 --> 00:42:12,040 There's no, there's no like natural, like civil restriction 794 00:42:12,040 --> 00:42:13,320 stuff there. See that? 795 00:42:13,440 --> 00:42:14,960 Look at me and you. We're kissing on that one. 796 00:42:15,720 --> 00:42:17,240 Wow. Hell yeah. 797 00:42:18,960 --> 00:42:20,600 But yeah. So like, I think it is a good 798 00:42:20,600 --> 00:42:22,360 platform. It's not perfect, but it is 799 00:42:22,360 --> 00:42:24,360 good. We need this and obviously 800 00:42:24,360 --> 00:42:26,680 there's, there's clear demand for it because you know, we're 801 00:42:26,680 --> 00:42:29,680 getting 3 projects coming, doing the voting stuff, the Kaido 802 00:42:29,680 --> 00:42:32,040 connect thing week over week. So I'm excited, I'm hopeful. 803 00:42:32,320 --> 00:42:34,200 I'm I'm exposed, deeply exposed to it. 804 00:42:34,200 --> 00:42:35,840 So like, great. I hope it. 805 00:42:35,960 --> 00:42:37,240 I hope it does great for that reason. 806 00:42:37,960 --> 00:42:42,280 Brad, you're 12th and and the and the yap leaderboard over the 807 00:42:42,280 --> 00:42:44,360 basically over the entire time frame of this thing, you're top 808 00:42:44,360 --> 00:42:46,480 12 and on the month it's top ten. 809 00:42:47,160 --> 00:42:50,560 Incredible. You are they they like nerds. 810 00:42:52,120 --> 00:42:55,920 Indeed, real quick, quick tangent. 811 00:42:56,600 --> 00:42:58,640 All right, so so what's the secret to your to your success? 812 00:42:58,640 --> 00:43:01,280 A lot of people want to know, you know, how can they earn? 813 00:43:01,280 --> 00:43:04,320 You have points. I wish I could tell you like I 814 00:43:04,320 --> 00:43:07,320 think like if I just think of like why I've been successful, 815 00:43:07,400 --> 00:43:09,280 not again, I haven't been intentionally farming this 816 00:43:09,280 --> 00:43:10,920 thing. I just know that like I think 817 00:43:10,920 --> 00:43:16,880 you, you who came up with his initial algo, his algo looks for 818 00:43:16,880 --> 00:43:20,040 like 1 authentic content. So like not like something that 819 00:43:20,040 --> 00:43:22,520 could be deemed as like either like repetitive or from someone 820 00:43:22,520 --> 00:43:26,760 else, like OK, original content. And then two, just like if the 821 00:43:26,880 --> 00:43:30,640 AI model that they have sees an exchange back and forth as 822 00:43:30,640 --> 00:43:33,440 something a little more meaningful, like outside of just 823 00:43:33,440 --> 00:43:36,960 like LOLGM, like whatever. And like there's actually an 824 00:43:36,960 --> 00:43:39,520 exchange there. That's what earns a yap. 825 00:43:40,600 --> 00:43:44,200 So you know, like how to actually do it. 826 00:43:44,200 --> 00:43:45,560 I don't I haven't like reverse engineer. 827 00:43:45,560 --> 00:43:48,760 I just thought like one, I try to have like a pretty diverse 828 00:43:48,760 --> 00:43:51,320 topic of stuff and then two, it's pretty Ethereum centric. 829 00:43:51,320 --> 00:43:52,880 I like to think. I think he's like an Ethereum 830 00:43:52,880 --> 00:43:54,880 dude. So like I post about Ethereum L 831 00:43:54,880 --> 00:43:58,560 twos and like because it's kind of it's a deeper level stuff. 832 00:43:58,560 --> 00:44:01,040 It's not just it's like it has to be some technical knowledge. 833 00:44:01,040 --> 00:44:03,640 I think it just like passes the bar pretty easily for the AI is 834 00:44:03,640 --> 00:44:07,040 like, oh, this requires some expertise or something. 835 00:44:07,120 --> 00:44:10,320 And then that gave me credit. So I was just fortunate that he 836 00:44:10,320 --> 00:44:13,760 honed in on my sector early on, my sector being like etherium 837 00:44:13,960 --> 00:44:16,080 nerd content. And then because through that 838 00:44:16,080 --> 00:44:20,440 I've accumulated. You're number one on the pre tge 839 00:44:20,440 --> 00:44:24,080 upper board #1. That's the place you want to be. 840 00:44:24,680 --> 00:44:26,560 Incredible. So yeah, that that is quite 841 00:44:26,560 --> 00:44:30,760 literally where you want to be. Because what we're seeing now, 842 00:44:31,440 --> 00:44:36,760 Polka dot is running a large marketing campaign and they are 843 00:44:36,760 --> 00:44:39,920 going to, instead of paying traditional Kols and doing 844 00:44:39,920 --> 00:44:43,480 backdoor KOL deals, they're going to do it via Kaido and 845 00:44:43,960 --> 00:44:46,960 they're going to pay the the top yappers that marketing money. 846 00:44:47,720 --> 00:44:50,000 And I, I love, I mean, I love that direction. 847 00:44:50,000 --> 00:44:51,800 Like, how could you not like that? 848 00:44:51,800 --> 00:44:54,040 I think the negative side is OK, we're going to have more people 849 00:44:54,040 --> 00:44:56,040 talking about Polka dot who actually don't care about Polka 850 00:44:56,040 --> 00:44:59,880 dot and it's going to be spam on the timeline. 851 00:45:00,720 --> 00:45:04,680 But isn't that still a more merit based model than just 852 00:45:04,680 --> 00:45:09,280 paying handsome? Yes, I think so the the counter 853 00:45:09,280 --> 00:45:12,720 to that is that it's still it is still unfair depending on how 854 00:45:12,720 --> 00:45:15,240 they actually do it. It's still unfair for the small 855 00:45:15,240 --> 00:45:18,640 guy, which like it like as an example of this, right, if you 856 00:45:18,640 --> 00:45:22,640 go to the mega ETH one, like right go to wherever it's yeah, 857 00:45:22,640 --> 00:45:25,160 click that right whale's going to be pretty high on here. 858 00:45:25,800 --> 00:45:30,440 Like whale whale Mocha's you know, 2.2% and that's he like 859 00:45:30,680 --> 00:45:33,920 get it out one or two tweets about like the NFT thing and 860 00:45:33,920 --> 00:45:38,840 just because like he he did that one tweet and that tweet said 861 00:45:38,840 --> 00:45:41,480 Meg Ethan. It like it's a strict text thing 862 00:45:41,920 --> 00:45:44,840 like and because he has natural good distribution because of his 863 00:45:44,840 --> 00:45:49,760 account, like all of that feeds into just like even if he like 864 00:45:49,760 --> 00:45:52,640 no other one, no one else from our social graph like the this 865 00:45:52,640 --> 00:45:55,400 social graph here you see here like that I'm the center of if 866 00:45:55,480 --> 00:45:57,760 no one in this social graph even interacts with that blows it up. 867 00:45:57,760 --> 00:46:01,160 Does whatever just him with his native mindshare distribution 868 00:46:01,560 --> 00:46:05,200 following influence impressions, whatever will cast him pretty 869 00:46:05,200 --> 00:46:06,680 high inside of that impressions thing. 870 00:46:06,920 --> 00:46:10,080 So I would like to see the model refined a little bit to see like 871 00:46:10,680 --> 00:46:14,640 who has mindshare within the social graph of like what makes 872 00:46:14,640 --> 00:46:17,240 up mega ETH here? I think that would be more 873 00:46:17,240 --> 00:46:19,320 justifiable because like I have people in here that are small 874 00:46:19,320 --> 00:46:22,080 that I've elevated, I tried to elevate that are like putting 875 00:46:22,080 --> 00:46:24,880 out great content, but they only got like 700 followers, right? 876 00:46:24,880 --> 00:46:27,560 So like I can only amplify them so much and I try to get them 877 00:46:27,560 --> 00:46:29,160 stuff and like they're all about mega ETH. 878 00:46:29,160 --> 00:46:30,600 They're very intellectual, whatever. 879 00:46:30,600 --> 00:46:33,800 And they, I would say they have big mindshare within the social 880 00:46:33,800 --> 00:46:36,320 graph that is mega ETH, but they're not really detected yet. 881 00:46:37,040 --> 00:46:40,800 Yeah, that's fair criticism. At the same time, if we're being 882 00:46:40,800 --> 00:46:43,920 realistic, like where are you going to direct your marketing 883 00:46:43,920 --> 00:46:45,240 funds? Are you going to direct it to 884 00:46:45,240 --> 00:46:47,000 Wally, who gets a million impressions? 885 00:46:47,000 --> 00:46:49,840 Or are you going to to Joe Schmo down the street who wrote an 886 00:46:49,840 --> 00:46:52,320 incredible thread but only 17 people read it? 887 00:46:53,000 --> 00:46:54,720 Yeah. Yeah, I feel like. 888 00:46:54,720 --> 00:46:55,640 You, yeah, you got that both right. 889 00:46:56,160 --> 00:46:57,840 Yeah, I think that's totally fair. 890 00:46:58,120 --> 00:47:02,200 And I, I, I get that I have a small account, relatively 891 00:47:02,200 --> 00:47:05,320 speaking, especially compared to you 2 on, on stream here. 892 00:47:06,120 --> 00:47:09,360 And so I, I'm, I'm not farming the apps really actively or 893 00:47:09,360 --> 00:47:11,680 anything like that. I don't get many of them. 894 00:47:12,720 --> 00:47:15,240 And so, yeah, I understand the frustrations from a smaller 895 00:47:15,240 --> 00:47:18,600 account that like you're not getting them right because 896 00:47:18,600 --> 00:47:19,600 you're not getting the impressions. 897 00:47:19,600 --> 00:47:21,360 But at the same time, you guys have worked to build the 898 00:47:21,360 --> 00:47:23,280 accounts that you have, you know, so that doesn't, that 899 00:47:23,280 --> 00:47:26,000 doesn't make me mad, but I at the same time do understand 900 00:47:26,320 --> 00:47:28,000 frustrations. One of the things that I have a 901 00:47:28,000 --> 00:47:30,560 frustration about is not related to the polka dot thing, but like 902 00:47:30,840 --> 00:47:33,160 the story protocol one from yesterday, for example. 903 00:47:33,880 --> 00:47:37,680 Why are you just giving tokens to like anybody who's the top 904 00:47:37,680 --> 00:47:42,400 yapper as opposed to people who are yapping about your thing? 905 00:47:43,080 --> 00:47:47,360 That that part does not make a whole lot of sense to me and is 906 00:47:47,360 --> 00:47:50,160 a little bit of A cause for concern for additional spam on 907 00:47:50,160 --> 00:47:52,920 the timeline, which we've already seen plenty of about. 908 00:47:52,960 --> 00:47:55,120 I've earned this many apps, I'm going to do this, blah, blah, 909 00:47:55,120 --> 00:47:59,160 blah, blah, blah, whatever. That just doesn't make a whole 910 00:47:59,160 --> 00:48:01,080 lot of sense. And I'm not mad about that 911 00:48:01,080 --> 00:48:04,480 because I've tweeted about story protocol before and not gotten 912 00:48:04,480 --> 00:48:06,760 the points. But like, me tweeting about 913 00:48:06,760 --> 00:48:10,040 story protocol is more valuable probably than somebody who's 914 00:48:10,040 --> 00:48:13,600 never tweeted about it ever, ever giving them tokens, right? 915 00:48:13,640 --> 00:48:15,160 Like they're just going to dump them. 916 00:48:16,160 --> 00:48:17,760 And I get it. That's the AirDrop thing. 917 00:48:17,760 --> 00:48:19,840 Most people are going to get the tokens and dump them anyway. 918 00:48:19,840 --> 00:48:23,320 But I think you should at least like reward the people who are 919 00:48:23,320 --> 00:48:26,880 tweeting about your topic for, you know, your pre TGE topic. 920 00:48:26,880 --> 00:48:29,760 The bread called the social graph for megaeath, whatever. 921 00:48:30,200 --> 00:48:33,040 That makes way more sense to me. I'm totally fine with that. 922 00:48:33,360 --> 00:48:36,240 It does not make a whole lot of sense to me to just blanket give 923 00:48:36,240 --> 00:48:39,600 the things to just anybody with a top yapper score. 924 00:48:39,920 --> 00:48:42,960 That's when you're just rewarding the the KOLS right? 925 00:48:42,960 --> 00:48:45,400 For no apparent reason that that's silly to me. 926 00:48:45,600 --> 00:48:48,120 I guess the, the incent like thought is like, oh, if we give 927 00:48:48,120 --> 00:48:49,720 this to them, they'll talk about it, right? 928 00:48:49,720 --> 00:48:51,720 And then they'll talk about it. You get the marketing right. 929 00:48:52,920 --> 00:48:55,720 Yeah, that's the thought. I guess, but you already gave 930 00:48:55,720 --> 00:48:59,240 them the tokens, yeah? Yeah, right. 931 00:48:59,280 --> 00:49:02,720 Yeah, the incentive's gone now. Yeah, it's not a perfect model, 932 00:49:02,720 --> 00:49:05,280 but I think that's what's so interesting about Kaido to me. 933 00:49:05,640 --> 00:49:06,920 Yeah, I'm showing the moon boy math. 934 00:49:06,920 --> 00:49:08,720 It's Friday. Moon boy Friday. 935 00:49:08,720 --> 00:49:10,400 That's what it's about. Remember doing this with friend 936 00:49:10,400 --> 00:49:12,240 tech? 100 dollars, $10. 937 00:49:12,240 --> 00:49:14,040 I don't even remember the numbers anymore. 938 00:49:14,400 --> 00:49:17,160 Yes, and there are people out there who are writing threads 939 00:49:17,160 --> 00:49:19,680 about how these Kaido apps are going to be worth $100 a piece, 940 00:49:19,680 --> 00:49:21,160 and my God, I hope they're right and. 941 00:49:21,560 --> 00:49:24,960 My God, yes. But I don't think they will be. 942 00:49:25,680 --> 00:49:27,920 But putting that aside, just wrapping the boat on this, I 943 00:49:27,920 --> 00:49:30,280 think we're this model, this where I think Kaido can be 944 00:49:30,280 --> 00:49:33,240 really valuable is unlocking this marketing machine. 945 00:49:34,160 --> 00:49:36,800 And like Sammy was posting about how like there's an agentic 946 00:49:36,800 --> 00:49:38,760 component. Well, like AI agents come 947 00:49:38,760 --> 00:49:42,920 through and pay for social data to know who they should market 948 00:49:42,960 --> 00:49:45,680 to. Like it's valuable data. 949 00:49:45,680 --> 00:49:48,360 I think, I think it's pretty hard to argue against that. 950 00:49:48,760 --> 00:49:51,840 And like I think one of the arguments against Kaido's ago 951 00:49:51,840 --> 00:49:55,200 was just NFT inspect, 2 point O NFT inspect didn't get nearly 952 00:49:55,200 --> 00:49:59,160 this far down the road with like actually being able to monetize 953 00:49:59,800 --> 00:50:04,360 this type of data Kaido has. And, and X is already showing 954 00:50:04,360 --> 00:50:06,800 willingness to like, want to open up their API to like keep 955 00:50:06,800 --> 00:50:09,240 enabling stuff like this, right? Like they did that with the AI 956 00:50:09,240 --> 00:50:11,360 agents where everyone's like, bro, these things died. 957 00:50:11,360 --> 00:50:12,560 It's like, can you shut off the API? 958 00:50:12,560 --> 00:50:15,200 But like X came out whatever month ago and they're like, 959 00:50:15,200 --> 00:50:17,920 look, dedicating A-Team. They even reached out to Sammy, 960 00:50:17,920 --> 00:50:19,680 right? Sammy had Adm with someone from 961 00:50:19,680 --> 00:50:22,320 the XXAPI team. They're like, hey, we would 962 00:50:22,360 --> 00:50:24,640 like, they wanted to make sure we set this stuff up for you. 963 00:50:24,640 --> 00:50:28,720 So like that that's proves to be might prove to be good for long 964 00:50:28,720 --> 00:50:32,360 term outlook for this. So like it can be sustainable, 965 00:50:32,360 --> 00:50:35,400 they can continue to iterate on it and let them be propped up 966 00:50:35,800 --> 00:50:38,000 before getting their legs cut out from underneath them. 967 00:50:39,160 --> 00:50:40,800 Yeah, yeah, I'm totally with you. 968 00:50:42,200 --> 00:50:44,760 We got a few topics I still want to get to. 969 00:50:45,000 --> 00:50:47,200 We spend a good amount of time on open sea doodles and cut out, 970 00:50:47,360 --> 00:50:49,640 which we need to do. Brett, real quick. 971 00:50:49,640 --> 00:50:51,200 Do we have you for more than 7 minutes? 972 00:50:51,200 --> 00:50:52,840 Can we run a little long or do you have a hard cut? 973 00:50:52,920 --> 00:50:56,560 Yeah, yeah, yeah, I'm golden. All right, let's let's quickly 974 00:50:56,560 --> 00:50:58,480 do a couple rapid fire headlines. 975 00:50:59,360 --> 00:51:03,120 So we've got CZ by Nance. He gave us the name of the dog. 976 00:51:03,160 --> 00:51:06,960 The dog's name is broccoli. He told the whole dog's story. 977 00:51:06,960 --> 00:51:09,640 What he did not do was give anyone a contract address. 978 00:51:09,640 --> 00:51:13,800 So it led to total chaos. Dozens of broccoli tokens 979 00:51:14,240 --> 00:51:16,240 launched. Most of them or all of them are 980 00:51:16,240 --> 00:51:18,160 most rugged. It seems like we have one 981 00:51:18,160 --> 00:51:20,680 winner. The winner now. 982 00:51:20,680 --> 00:51:22,160 Oh my gosh. So this thing hit. 983 00:51:23,080 --> 00:51:25,160 Wow. The the winning broccoli token 984 00:51:25,160 --> 00:51:28,240 did hit 220 million. Looks like it wicked close to 985 00:51:28,240 --> 00:51:30,360 three. It's sitting at 150 million 986 00:51:30,360 --> 00:51:31,640 right now. So I was kind of having this 987 00:51:31,640 --> 00:51:33,560 debate. I didn't choose to go into B&B 988 00:51:33,560 --> 00:51:34,880 world. I didn't play any of this. 989 00:51:35,600 --> 00:51:39,400 I thought the ceiling on A on C ZS dog was 200 to 300 million. 990 00:51:39,560 --> 00:51:42,280 It looks like it went there the first day. 991 00:51:42,400 --> 00:51:43,480 So I mean anyone who bought this. 992 00:51:43,560 --> 00:51:45,280 One of one of them went there, right? 993 00:51:45,280 --> 00:51:48,360 There's the like bundle scam that went to like 9 gajillion, 994 00:51:48,360 --> 00:51:52,080 right and then tanked after. Yeah, there's a whole bunch of 995 00:51:52,080 --> 00:51:53,640 these. A lot of losers, but if you 996 00:51:53,640 --> 00:51:57,560 waited for the one to be kind of shown as the winner. 997 00:51:57,560 --> 00:52:01,600 So like last night at 6:30, this one was 100 million. 998 00:52:01,600 --> 00:52:04,440 Like that is pretty clearly the winner at that point. 999 00:52:04,440 --> 00:52:06,480 So if you bought that, you had a chance for 2X God. 1000 00:52:06,920 --> 00:52:11,640 Look at that start though this. This was what was wild 360 and 1001 00:52:11,640 --> 00:52:15,800 then fully rugged like I thought it was over and then somehow 1002 00:52:15,800 --> 00:52:18,680 this one was the winner. Like good luck turning this like 1003 00:52:18,680 --> 00:52:21,200 good luck imagining early to this and then this has. 1004 00:52:21,240 --> 00:52:24,720 Psychological Trauma. Just asked Psychological. 1005 00:52:24,720 --> 00:52:26,600 Warfare. Sorry, Todd, I, I wrote about 1006 00:52:26,600 --> 00:52:30,560 this yesterday for Decrypt. The things that are astounding 1007 00:52:30,560 --> 00:52:33,320 me here, aside from the fact that like literally hundreds of 1008 00:52:33,320 --> 00:52:37,440 broccoli tokens were launched. This is funny is the volume is 1009 00:52:37,440 --> 00:52:41,840 absurd within the first hour. So I, I was writing about this 1010 00:52:41,840 --> 00:52:44,800 yesterday, like basically right after it launched and within 1011 00:52:44,800 --> 00:52:47,520 like the first hour and 1/2, it had already had like $150 1012 00:52:47,520 --> 00:52:49,960 million in volume. Yeah, closer. 1013 00:52:50,680 --> 00:52:52,240 To is it about a million across pools? 1014 00:52:52,240 --> 00:52:55,240 Yeah. That I mean, just absolutely 1015 00:52:55,240 --> 00:53:01,880 wild volume or ACZ dog token. It's just crazy. 1016 00:53:02,080 --> 00:53:04,720 The other crazy part to me is I don't know if you've spent any 1017 00:53:04,720 --> 00:53:06,760 time on his feed about this whole thing because he he 1018 00:53:06,760 --> 00:53:10,000 telegraphed this, he gave people about a three hour heads up. 1019 00:53:10,000 --> 00:53:11,840 I believe that he was going to do this. 1020 00:53:13,040 --> 00:53:15,040 This has been a meta long before, right? 1021 00:53:15,040 --> 00:53:18,040 People guessing it or not guessing right sleuthing 1022 00:53:18,040 --> 00:53:20,240 Instagram posts about people's dogs and whatever. 1023 00:53:21,400 --> 00:53:23,960 The thing that is a little funky to me is him acting like he 1024 00:53:23,960 --> 00:53:25,960 doesn't understand what's happening here. 1025 00:53:25,960 --> 00:53:28,960 That's pretty funny. Well meme coins work. 1026 00:53:29,000 --> 00:53:31,160 I I run the biggest people exchange. 1027 00:53:32,240 --> 00:53:35,680 Yeah, just a little funky. Like literally last week, dude, 1028 00:53:35,800 --> 00:53:39,800 you posted a meme coin link and the token went to 500 million. 1029 00:53:39,920 --> 00:53:42,440 Like, come on, you know what's going? 1030 00:53:42,520 --> 00:53:43,720 You know what's going on here, bro? 1031 00:53:44,120 --> 00:53:45,920 Do you think B&B season's going to last? 1032 00:53:47,600 --> 00:53:50,960 I, I don't, I don't know, like I don't think so. 1033 00:53:50,960 --> 00:53:53,280 I think most of the participants are still actively playing, of 1034 00:53:53,280 --> 00:53:56,800 course, in Solana and it's difficult to make those changes. 1035 00:53:56,800 --> 00:53:58,600 You know, just as we were talking about with Open C and 1036 00:53:58,600 --> 00:54:00,880 beyond, like it's tough to get you to go somewhere else, 1037 00:54:01,320 --> 00:54:03,120 especially when the friction is low. 1038 00:54:03,320 --> 00:54:05,440 It's very low in trading on Solana. 1039 00:54:05,440 --> 00:54:08,640 It's higher trading on BNB in my opinion. 1040 00:54:09,680 --> 00:54:11,720 So I don't. Foresee, is there just an AVAX 1041 00:54:11,720 --> 00:54:13,800 trench? Like a trench season in AVAX 1042 00:54:13,800 --> 00:54:15,400 too? Is that still going on like? 1043 00:54:16,360 --> 00:54:17,800 It is, yeah. Let's go to that. 1044 00:54:18,040 --> 00:54:22,400 So this twink token, the pre sale that just flew right by me 1045 00:54:22,640 --> 00:54:25,560 and I slammed my fist on the table when I learned about. 1046 00:54:25,560 --> 00:54:27,560 It I'm here, I'm hearing some big numbers. 1047 00:54:28,320 --> 00:54:31,840 Anyone who did the Max, I think you could do a 15 sole 15-A 1048 00:54:31,840 --> 00:54:35,080 backs or 35A backs. Anyone who did the Max bid made 1049 00:54:35,080 --> 00:54:38,240 $100,000 if they held for a day. Yep. 1050 00:54:38,560 --> 00:54:40,800 Oh, you get shamed. You get shamed if you sell. 1051 00:54:41,120 --> 00:54:43,480 And yeah. Right. 1052 00:54:43,480 --> 00:54:45,400 That's yeah, that's part of the game at this. 1053 00:54:45,400 --> 00:54:49,480 Point I'm fudding this one. The volumes are are, I mean, 1054 00:54:50,240 --> 00:54:52,120 looking at this AVAX board for the first time, you're seeing my 1055 00:54:52,120 --> 00:54:53,880 initial reactions live because I'm not nothing. 1056 00:54:54,440 --> 00:54:56,440 These are pitiful. Volumes like these are ruins. 1057 00:54:56,440 --> 00:55:00,480 It ruins volumes almost. Does that, but does that speak 1058 00:55:00,480 --> 00:55:04,120 to like the professional V Jen casino that is Solana and B&B? 1059 00:55:04,120 --> 00:55:05,800 Like you were going through that broccoli thing. 1060 00:55:05,800 --> 00:55:09,640 I was like like seeing the 95 in there and each of them has 150 1061 00:55:09,640 --> 00:55:12,080 million plus in volume, some of them for 500 million. 1062 00:55:12,080 --> 00:55:15,000 Like what is the prop shop have to have ready to go day one, 1063 00:55:15,000 --> 00:55:17,080 like all right, token launch boom. 1064 00:55:17,080 --> 00:55:18,480 You have to be able to launch the token. 1065 00:55:18,640 --> 00:55:20,960 You have to be able to pay for the ad right, because all like 1066 00:55:20,960 --> 00:55:23,040 six of the top seven are sponsored broccolis. 1067 00:55:23,280 --> 00:55:26,160 Then you have to be able to deploy a volume bot that can 1068 00:55:26,160 --> 00:55:27,760 actually get make you compete on things. 1069 00:55:27,760 --> 00:55:30,120 So like these are like these are starting to get to be 1070 00:55:30,120 --> 00:55:33,440 sophisticated operations to like make these real. 1071 00:55:34,240 --> 00:55:36,480 It's industrialized now, which also makes me not really want to 1072 00:55:36,480 --> 00:55:38,640 play and that's why I'm kind of out of the trenches right now 1073 00:55:39,160 --> 00:55:40,880 other than playing clear winners. 1074 00:55:40,880 --> 00:55:43,120 But even that like I had the jail stool chart up. 1075 00:55:43,120 --> 00:55:46,600 Let's let's pull it back up. This was the clear winner of 1076 00:55:46,600 --> 00:55:48,440 last weekend. It was it was seemed like it was 1077 00:55:48,440 --> 00:55:50,360 grinding back up got back to 100 million. 1078 00:55:51,160 --> 00:55:53,320 I don't really know if there's any reason for the self. 1079 00:55:53,320 --> 00:55:57,080 So I think the the the the whale who had he made a ton on Trump 1080 00:55:57,080 --> 00:56:00,160 and he put 7 million into jail. Still, he he sold the position 1081 00:56:00,440 --> 00:56:05,040 took a $5,000,000 loss as he actually so that was a rough 1082 00:56:05,040 --> 00:56:08,600 trade, but and we saw an initial rebound, but still kind of 1083 00:56:08,600 --> 00:56:10,680 grinding down. I don't know it's. 1084 00:56:10,880 --> 00:56:14,640 Tension's so fleeting, man. This is purely an attention 1085 00:56:14,640 --> 00:56:17,680 coin. Dave is a is a tremendous KOL, 1086 00:56:17,960 --> 00:56:22,360 but like I feel like it's a momentum, it's a momentum slash 1087 00:56:22,360 --> 00:56:24,600 attention. And when the momentum is bad, 1088 00:56:24,600 --> 00:56:25,880 it's like, how are you going to turn this around? 1089 00:56:25,880 --> 00:56:27,920 So. It just becomes so normalized, 1090 00:56:27,920 --> 00:56:30,160 right? Like it like, and every one of 1091 00:56:30,160 --> 00:56:34,000 these, like, I think, I think all it all it changes is the 1092 00:56:34,000 --> 00:56:36,320 magnitude of the initial move, right? 1093 00:56:37,080 --> 00:56:39,920 Iggy Azalea, boom. Like magnitude of the move. 1094 00:56:39,920 --> 00:56:41,480 She's in the space. Like it garns attention from 1095 00:56:41,480 --> 00:56:44,000 everyone, but then everyone's like, it becomes normal at some 1096 00:56:44,000 --> 00:56:45,080 point. Like, Oh yeah, he just has it. 1097 00:56:45,080 --> 00:56:46,040 So like, I have no interest in it. 1098 00:56:46,040 --> 00:56:47,240 Like he just has it like, I'm not. 1099 00:56:47,360 --> 00:56:48,880 That's just a thing, right? It's becomes normalized. 1100 00:56:48,880 --> 00:56:49,920 There's no longer a shock factor. 1101 00:56:49,920 --> 00:56:52,560 There's no longer like a it's nothing worth talking about. 1102 00:56:52,680 --> 00:56:55,320 And like, if you're not talking about it, it's dying, right? 1103 00:56:55,320 --> 00:56:57,920 So it just bleeds. Yeah. 1104 00:56:57,920 --> 00:57:00,640 I don't know. I don't know how this one really 1105 00:57:00,640 --> 00:57:05,920 turns around from here. So we we will see one token that 1106 00:57:05,920 --> 00:57:09,240 is turning around is Jupiter. So yesterday they announced 1107 00:57:09,920 --> 00:57:13,720 official buybacks start Monday, 50% of protocol fees, locking 1108 00:57:13,720 --> 00:57:18,440 those tokens for three years. Jupe was one of the top movers 1109 00:57:18,480 --> 00:57:21,680 on my on my list here on the day. 1110 00:57:21,680 --> 00:57:24,520 Let's see. So up 16 percent, 96 cents. 1111 00:57:24,520 --> 00:57:29,040 Wow, so so quite the move. People who went long and Jupiter 1112 00:57:29,040 --> 00:57:32,760 are feeling good about that one. We like that trend. 1113 00:57:32,760 --> 00:57:36,040 It seems like something big is coming for hype today as well. 1114 00:57:36,040 --> 00:57:41,320 Another next Gen. defy tokens. It's grinding up folks. 1115 00:57:43,360 --> 00:57:46,280 Higher lows every day on on this one. 1116 00:57:46,280 --> 00:57:49,640 I think Bitcoin spot Bitcoin is the rumor for the the next piece 1117 00:57:49,720 --> 00:57:51,720 of news. Oh, interesting. 1118 00:57:52,400 --> 00:57:56,960 Oh yeah, it's here not not any volume yet, but it's on the list 1119 00:57:57,040 --> 00:58:01,480 now for for spot trading. No one's been able to trade it 1120 00:58:01,480 --> 00:58:03,800 yet. So so look out for that from 1121 00:58:04,120 --> 00:58:08,280 hype Arc had a big news yesterday. 1122 00:58:08,280 --> 00:58:13,080 They launched their first token on the arc launchpad. 1123 00:58:13,440 --> 00:58:17,640 It was the ask J token that is their AI trading platform. 1124 00:58:17,640 --> 00:58:21,320 It was the first to launch on Forge Forge, which is Arc's new 1125 00:58:21,320 --> 00:58:25,720 launchpad. So trading platform is SJ. 1126 00:58:25,720 --> 00:58:31,240 Jimmy Forge is the name of their launchpad for ARC on Solana. 1127 00:58:31,240 --> 00:58:33,240 I think the front end had issues yesterday. 1128 00:58:33,400 --> 00:58:36,080 It went down during the met. I was a FKI wasn't able to mint 1129 00:58:36,080 --> 00:58:40,600 this one. The token went initially surged 1130 00:58:40,600 --> 00:58:43,640 right to 60 million, then down and then kind of has been 1131 00:58:43,640 --> 00:58:46,320 trading in this 20 to $25 million channel. 1132 00:58:47,920 --> 00:58:52,200 Logan, I think you've been following the ARC story. 1133 00:58:52,680 --> 00:58:54,720 I'm not sure if you were active around SJ yesterday. 1134 00:58:54,720 --> 00:58:59,480 Any thoughts or reactions? Yeah, I've been following ARC 1135 00:58:59,480 --> 00:59:02,880 for a long time, of course, as one of the leaders of AI Meta. 1136 00:59:03,400 --> 00:59:07,360 And I think the last few weeks, sorry, not last few weeks feels 1137 00:59:07,360 --> 00:59:10,960 like weeks. The last couple days of its 1138 00:59:11,200 --> 00:59:14,840 resounding strength when compared to, you know, other 1139 00:59:14,840 --> 00:59:18,760 market tokens, pretty clear signal to me. 1140 00:59:19,680 --> 00:59:21,920 It's always been one of those first ones to bounce back. 1141 00:59:21,920 --> 00:59:26,000 So it does really feel like a very clear winner, not financial 1142 00:59:26,000 --> 00:59:28,440 advice of course, and still very much off all time highs. 1143 00:59:28,440 --> 00:59:30,640 They get the 700 million or something like that. 1144 00:59:31,600 --> 00:59:35,840 I mean briefly up to six, but basically 530 is kind of an all 1145 00:59:35,840 --> 00:59:37,080 time. Right. 1146 00:59:37,080 --> 00:59:39,640 And if you're still, you know, if you still want to have 1147 00:59:39,640 --> 00:59:43,560 exposure to AI tokens here, you know, beyond things like Tau or 1148 00:59:43,560 --> 00:59:46,360 whatever, which you know, gets you outside of the trenches, 1149 00:59:46,360 --> 00:59:50,840 perhaps this feels like a really great place to at least, you 1150 00:59:50,840 --> 00:59:53,400 know, focus some attention and get and give some time to 1151 00:59:53,400 --> 00:59:55,000 understanding what's going on here. 1152 00:59:55,320 --> 00:59:57,200 I am. I'm out of the loop specifically 1153 00:59:57,320 --> 00:59:59,800 in regards to forge in the Ask Jimmy stuff. 1154 01:00:00,320 --> 01:00:03,480 I knew they were coming. So seeing the tokens, I don't 1155 01:00:03,480 --> 01:00:05,960 exactly understand. I remember asking you actually 1156 01:00:05,960 --> 01:00:08,800 yesterday, Tyler, like, does it really make sense for me to be 1157 01:00:08,800 --> 01:00:11,840 buying these tokens if I could just buy ARC, right? 1158 01:00:11,840 --> 01:00:14,920 Like they seem in ways to be beta to ARC. 1159 01:00:15,520 --> 01:00:16,280 And. Of course. 1160 01:00:16,600 --> 01:00:19,000 You know, there there's the discussion to be made about 1161 01:00:19,000 --> 01:00:23,400 where those the ratio of the beta play to the alpha should 1162 01:00:23,400 --> 01:00:25,240 be. You know, maybe it shouldn't be 1163 01:00:25,600 --> 01:00:28,000 1112 to one or whatever it is right now. 1164 01:00:29,000 --> 01:00:32,000 But to me, I mean like if you want to not pay attention every 1165 01:00:32,000 --> 01:00:35,440 single day but still have exposure to the AI ecosystem on 1166 01:00:35,440 --> 01:00:39,080 Solana, there's no better place to probably at least give some 1167 01:00:39,080 --> 01:00:44,320 attention to the Arc. I mean, the index play, I think 1168 01:00:44,520 --> 01:00:48,280 ARC has become the AI index play in this new meta because like 1169 01:00:48,600 --> 01:00:53,080 Virtual's was too expensive, AI16Z has got too many risks and 1170 01:00:53,080 --> 01:00:55,800 the chart looks terrible. ARC has the best chart. 1171 01:00:56,280 --> 01:01:01,400 It's new, it's on Solana. Price action has been good even 1172 01:01:01,400 --> 01:01:03,640 yesterday. So they had they kind of fumble 1173 01:01:03,640 --> 01:01:05,680 the launch with the site breaking and then bad price 1174 01:01:05,680 --> 01:01:07,640 action. It's sold off immediately. 1175 01:01:08,200 --> 01:01:11,120 It went all the way to 285 and then now back to 360. 1176 01:01:11,200 --> 01:01:14,520 So there there's clearly buyers waiting for that one. 1177 01:01:14,520 --> 01:01:19,680 So I think the overall view on ARK is still very positive AI 1178 01:01:20,040 --> 01:01:22,440 kind of just a chop week for AI 7 1/2 billion. 1179 01:01:22,440 --> 01:01:27,400 So I'm sure we'll get more into the weeds next week on that. 1180 01:01:27,560 --> 01:01:28,960 That was up to like 15 billion, right? 1181 01:01:29,720 --> 01:01:32,480 Total 22 is top. Wow. 1182 01:01:32,880 --> 01:01:34,920 Yeah. So we're still 70% off all time 1183 01:01:34,920 --> 01:01:37,040 highs. Before we wrap up the show, I 1184 01:01:37,040 --> 01:01:40,080 want to I'm going to put Brad and Logan on the spot for their 1185 01:01:40,080 --> 01:01:42,120 top myriad bets for this poker tournament. 1186 01:01:42,120 --> 01:01:46,520 Before we get into that though, Brad, let's talk mega Eve here. 1187 01:01:47,440 --> 01:01:54,000 It's a huge week for you guys. You did it's a very $13 million 1188 01:01:54,520 --> 01:01:58,000 NFT sale. It seems like team, I think you 1189 01:01:58,080 --> 01:02:00,160 folks have been sharing like lessons learned. 1190 01:02:00,160 --> 01:02:02,720 I guess maybe kind of walk us through the the week, how did it 1191 01:02:02,720 --> 01:02:05,480 go from your perspective and and how's the team feeling on Friday 1192 01:02:05,480 --> 01:02:09,240 it? Went well and that we sold out 1193 01:02:09,240 --> 01:02:12,520 and that we like no one lost funds like everything was safe. 1194 01:02:13,120 --> 01:02:16,440 It didn't go as well as we planned with just handling the 1195 01:02:16,720 --> 01:02:19,320 influx of demand. And then just like the general 1196 01:02:19,840 --> 01:02:22,520 load roll out of the tech, all that stuff, you know, we had a, 1197 01:02:22,520 --> 01:02:26,040 we were working with a third party team to get this stuff 1198 01:02:26,040 --> 01:02:28,040 spun up. And frankly, we just didn't give 1199 01:02:28,040 --> 01:02:31,240 it enough time to like truly vet everything that they had 1200 01:02:31,240 --> 01:02:33,360 produced. So once the ticker was going, we 1201 01:02:33,360 --> 01:02:35,440 announced The thing is coming and they, you know, it was 1202 01:02:35,440 --> 01:02:37,880 committed to us after like working through some of that 1203 01:02:37,880 --> 01:02:40,320 shit after that, like the timer was started, it just, it wasn't 1204 01:02:40,320 --> 01:02:42,520 up to snuff. So lessons learned of like, you 1205 01:02:42,520 --> 01:02:46,320 know, do all those things before you kick off the, the actual 1206 01:02:46,320 --> 01:02:49,120 event. And then, yeah, just like we, 1207 01:02:49,120 --> 01:02:50,960 this is the phase one of two, right? 1208 01:02:50,960 --> 01:02:55,320 So the first, the first one was, yeah, that's funny. 1209 01:02:57,760 --> 01:02:59,320 Incredible, incredible shit post here. 1210 01:02:59,760 --> 01:03:01,760 I did you did that was that one's nomic. 1211 01:03:01,760 --> 01:03:03,080 I'll give him credit. He's he's amazing. 1212 01:03:04,680 --> 01:03:08,800 So yeah, like, yeah, so so I remember sending that to teams 1213 01:03:08,880 --> 01:03:11,880 banger. Yeah, so that was lessons 1214 01:03:11,880 --> 01:03:13,720 learned. But first, first of two waves, 1215 01:03:13,720 --> 01:03:14,760 right. So we this one, which is 1216 01:03:14,760 --> 01:03:17,000 retroactive based on wall instead of like historically 1217 01:03:17,000 --> 01:03:20,440 owned NFTS actions you've taken donations like Tornado cash, all 1218 01:03:20,440 --> 01:03:23,360 this shit, right AML like we'd like to be able to say the 1219 01:03:23,360 --> 01:03:27,000 things that we said right. The team said 5% of the network 1220 01:03:27,000 --> 01:03:29,680 at a minimum, it will be adjusted as dynamic. 1221 01:03:29,920 --> 01:03:31,840 Like to be able to say that you're going to get those things 1222 01:03:31,840 --> 01:03:33,920 like upfront before you buy the actual thing. 1223 01:03:34,240 --> 01:03:35,720 Like we had to follow some rules, right? 1224 01:03:35,720 --> 01:03:37,960 Like AML compliance. Like that was a curveball for us 1225 01:03:37,960 --> 01:03:39,240 having to have that in a live environment. 1226 01:03:39,440 --> 01:03:41,000 A lot of people got merked for it, right? 1227 01:03:41,000 --> 01:03:44,440 If they had like fundings from even like I had friends that 1228 01:03:44,480 --> 01:03:46,520 were reaching out saying like, bro, I'm trying to do this and 1229 01:03:46,960 --> 01:03:49,600 it's saying I can't because like some of my funds are from 1230 01:03:49,720 --> 01:03:51,480 shuffle, right? The dude just gambles a lot. 1231 01:03:51,480 --> 01:03:54,440 It's like now that fails the AML check because it's, you know, 1232 01:03:54,440 --> 01:03:56,800 it's seen as kind of like a wash trading thing potentially. 1233 01:03:57,160 --> 01:03:59,480 So like trying to do lessons learned on that for for 1234 01:03:59,480 --> 01:04:02,440 everyone. And then just, yeah, making sure 1235 01:04:02,440 --> 01:04:04,280 the app's better. So for the next phase, like 1236 01:04:04,280 --> 01:04:07,640 we'll have a little bit better distribution because it'll be 1237 01:04:07,640 --> 01:04:09,640 people that'll actually be able to like play on test net and 1238 01:04:09,640 --> 01:04:12,160 like have social sentiment, some other things that are proactive 1239 01:04:12,160 --> 01:04:15,080 rewards as opposed to just like looking back into back at 1240 01:04:15,080 --> 01:04:17,680 historical stuff. And then, yeah, the app will be 1241 01:04:17,680 --> 01:04:19,680 refined, obviously, because we have much more time to work on 1242 01:04:19,680 --> 01:04:24,280 it. I'm curious for your thoughts on 1243 01:04:24,680 --> 01:04:28,840 folks out there who maybe missed the first met and want to get in 1244 01:04:29,080 --> 01:04:32,640 for the next one. What I've said is, I mean 1245 01:04:32,640 --> 01:04:34,400 there's a lot of different ways you can do it. 1246 01:04:34,400 --> 01:04:38,200 What I the writing on the wall is Mega ETH is starting to to 1247 01:04:38,200 --> 01:04:43,760 roll out synopsis of these new apps that are going to are 1248 01:04:43,760 --> 01:04:45,280 coming. I feel like there's an 1249 01:04:45,280 --> 01:04:51,080 opportunity for folks to become the alpha for the mega E tabs, 1250 01:04:51,080 --> 01:04:54,920 right? TLDRS give us the give us the 1251 01:04:54,920 --> 01:04:56,400 recaps. I'm curious for your thoughts on 1252 01:04:56,400 --> 01:05:01,640 on what you might say would be. We're like, if you read the 1253 01:05:01,640 --> 01:05:04,080 original blog post again, we were explicit and like it's a 1254 01:05:04,080 --> 01:05:05,480 lot of words. Like that's one of the lessons 1255 01:05:05,480 --> 01:05:09,240 learned for US1 like just being an NFT, like pierced a lot of 1256 01:05:09,240 --> 01:05:11,520 social circles that we never would reach otherwise because 1257 01:05:11,760 --> 01:05:13,680 people straight up just refuting us because they thought we were 1258 01:05:13,680 --> 01:05:16,440 PFP collection coming to market. It's like that was hilarious to 1259 01:05:16,440 --> 01:05:19,840 see that progression of like, oh, it's actually AL 2 as I call 1260 01:05:19,840 --> 01:05:23,560 this shit. But then yeah, in the original 1261 01:05:23,560 --> 01:05:25,480 post, it's very verbose. A lot of words to it, but it's 1262 01:05:25,480 --> 01:05:30,480 just like first set, first wave is retroactive based on, again, 1263 01:05:30,480 --> 01:05:31,720 historical stuff. We'd have a test set. 1264 01:05:31,720 --> 01:05:32,880 We don't have apps, we don't have anything. 1265 01:05:33,120 --> 01:05:35,760 But the next 5 KS is, is proactive. 1266 01:05:35,800 --> 01:05:38,520 And in that proactive stuff we, we say right there like 1267 01:05:38,880 --> 01:05:41,160 allocations actually going to be given to the mega mafia program, 1268 01:05:41,160 --> 01:05:42,560 which is our accelerator right there. 1269 01:05:42,560 --> 01:05:45,880 As I said, we have 18 teams now that are building a mega doing 1270 01:05:45,880 --> 01:05:47,920 all the stuff like that. So that that tweet was for me 1271 01:05:49,640 --> 01:05:52,200 and as the phases, but like every week we have a, a new team 1272 01:05:52,200 --> 01:05:56,920 that's being revealed, other two next week, we're giving them the 1273 01:05:56,920 --> 01:06:00,480 allocation like they they get to determine who their users are to 1274 01:06:00,480 --> 01:06:03,760 then like bootstrap, right? So we say that and on top of 1275 01:06:03,760 --> 01:06:06,960 like social sentiment stuff, analysis Kaido, right, Kaido is 1276 01:06:06,960 --> 01:06:09,680 another thing. So like we're using those tools 1277 01:06:09,680 --> 01:06:13,160 to say who's going to be who's going to be the person or people 1278 01:06:13,160 --> 01:06:15,680 that are contributing actively to our ecosystem with it's on 1279 01:06:15,680 --> 01:06:18,440 test net, on X across platforms, whatever. 1280 01:06:18,440 --> 01:06:20,160 And you know, they're the ones that are going to be given the 1281 01:06:20,160 --> 01:06:22,600 opportunity. Love that. 1282 01:06:23,560 --> 01:06:26,160 Are any of these apps jumping out to you out of the gate? 1283 01:06:26,160 --> 01:06:28,720 Are are you not allowed to really give any preference? 1284 01:06:29,640 --> 01:06:31,080 Yeah, I. Routines. 1285 01:06:32,000 --> 01:06:34,840 Yeah, so the I mean, I know I talked last week or whenever I 1286 01:06:34,840 --> 01:06:36,080 came on. I'll tell you guys about 1287 01:06:36,080 --> 01:06:37,560 euphoria. Euphoria. 1288 01:06:38,200 --> 01:06:40,600 But refresh me, a lot's happened since you came. 1289 01:06:40,600 --> 01:06:44,440 Up yeah it's it's the tap trading 1 so it's made by a yeah 1290 01:06:44,440 --> 01:06:46,360 so it's like you're it's perpetrating but it's game of 1291 01:06:46,360 --> 01:06:51,760 five confetti like whatever this one is is like it's the AI one 1292 01:06:51,760 --> 01:06:53,400 of the AI people that are building on it and they're like 1293 01:06:53,640 --> 01:06:56,640 they're really leaning into like the the loneliness sector, which 1294 01:06:56,640 --> 01:06:59,840 is kind of like like unabashedly like if you click on their site 1295 01:06:59,880 --> 01:07:02,920 like bro upfront it's like you can you can gin up a furry like. 1296 01:07:03,080 --> 01:07:06,000 I'm super long on these dude I. Think this is a. 1297 01:07:06,120 --> 01:07:09,480 Slam dunk idea. I I interviewed a Spot founder, 1298 01:07:09,560 --> 01:07:12,800 so I I certainly. It's the same shit and it's like 1299 01:07:12,800 --> 01:07:15,080 these guys are like, dude, loneliness is a problem, right? 1300 01:07:15,080 --> 01:07:17,400 You see like what Only Fans is doing, like all this stuff that 1301 01:07:17,400 --> 01:07:20,040 people are going into and so they've made this and these are 1302 01:07:20,240 --> 01:07:22,320 successful Web Two people. You guys already have a shit ton 1303 01:07:22,320 --> 01:07:25,280 of users for this stuff, right? And they're like, it's 1304 01:07:25,280 --> 01:07:26,880 multimodal. So like you actually build a 1305 01:07:26,880 --> 01:07:29,200 relationship to you is through like voice text. 1306 01:07:29,200 --> 01:07:32,120 Like you have a voice text, you can have an actual phone call, 1307 01:07:32,280 --> 01:07:34,120 you have chats. So it's not like just the slot 1308 01:07:34,120 --> 01:07:36,480 bot, like chat, like on Twitter X bot. 1309 01:07:36,480 --> 01:07:39,440 It's like a curated experience that actually is like 1310 01:07:39,440 --> 01:07:42,520 interactive long term, whatever and and remembers you and you 1311 01:07:42,520 --> 01:07:43,680 can build a meaningful relationship. 1312 01:07:43,680 --> 01:07:45,840 And they're like, yeah, man, we're, we're going to fucking, 1313 01:07:46,240 --> 01:07:49,280 we're really diving into like people need like a companion and 1314 01:07:49,280 --> 01:07:50,640 we're just going to be the companion. 1315 01:07:51,120 --> 01:07:53,000 They're going to dominate. They're going to dominate. 1316 01:07:53,240 --> 01:07:56,160 I'm long nectar. Types of things, not necessarily 1317 01:07:56,160 --> 01:08:01,200 nectar, but something like this is going to be just absolutely 1318 01:08:01,200 --> 01:08:03,600 absurdly valued in in the future, yeah. 1319 01:08:04,000 --> 01:08:06,120 Looking up the only fan I looked that up before I made that 1320 01:08:06,120 --> 01:08:11,200 tweet, only fans fucking the Rev last year was what was it like 6 1321 01:08:11,200 --> 01:08:16,920 billion like 6 top only up only and it was it was like 700 1322 01:08:16,920 --> 01:08:21,800 million the year before. But one thing that's got into 1323 01:08:21,800 --> 01:08:24,920 Onlyfans revenue is apps like Nectar, right? 1324 01:08:25,279 --> 01:08:28,800 Like like, like that's how you dent Onlyfans. 1325 01:08:28,800 --> 01:08:29,479 Wow. I mean. 1326 01:08:29,760 --> 01:08:31,760 When you think about it, they're they're making money on like 1327 01:08:31,760 --> 01:08:34,359 chats, right? Like they, they're people are 1328 01:08:34,359 --> 01:08:35,439 thinking they're chatting with the girl. 1329 01:08:35,439 --> 01:08:38,240 The girl is hired out like 7 dudes to write for and act like 1330 01:08:38,240 --> 01:08:40,279 her. So like that that's you're still 1331 01:08:40,279 --> 01:08:43,960 limited by human output, right? So like this. 1332 01:08:43,960 --> 01:08:47,160 This scales that. Yeah, it's infinitely scalable. 1333 01:08:47,560 --> 01:08:51,240 Yeah, go. Ahead. 1334 01:08:51,560 --> 01:08:53,880 I'm just going to say I'm sorry. I was going to segue a little. 1335 01:08:53,880 --> 01:08:55,880 I I really like bread. I've been falling a little bit 1336 01:08:56,359 --> 01:08:58,240 noise. The trend. 1337 01:08:58,720 --> 01:09:00,479 That one looks really, really cool. 1338 01:09:00,479 --> 01:09:03,040 I've been sort of following and gathering along for reporting 1339 01:09:03,040 --> 01:09:06,920 purposes, but that one to me is, you know, just looking. 1340 01:09:06,920 --> 01:09:09,720 I love the new like innovative takes on. 1341 01:09:10,120 --> 01:09:17,040 I don't know. Noise XYZ maybe go actually go 1342 01:09:17,040 --> 01:09:24,120 do this go just do mega mafia there you go top one and then do 1343 01:09:24,120 --> 01:09:29,359 the following see the ones there and then it's on here Euphoria's 1344 01:09:29,359 --> 01:09:31,359 one. Let me. 1345 01:09:31,840 --> 01:09:33,200 Yeah, that one all. Right. 1346 01:09:33,200 --> 01:09:34,960 Just tell me about the slogan. Yeah. 1347 01:09:34,960 --> 01:09:37,240 So I don't know a whole lot about it just from what I've 1348 01:09:37,240 --> 01:09:40,200 seen via the tweets, but the the the platform for trading trends 1349 01:09:40,200 --> 01:09:41,600 I. Mean it trends in California. 1350 01:09:43,160 --> 01:09:46,840 To this this would be like, hey, you think AI is going to be 1351 01:09:46,840 --> 01:09:48,880 massive? You bet on AI right? 1352 01:09:48,960 --> 01:09:53,000 Versus picking ark or picking fart coin or picking whatever. 1353 01:09:53,399 --> 01:09:58,320 So you can be early to a trend and not feel bad about missing 1354 01:09:58,360 --> 01:10:00,720 the one stupid coin that you didn't own right? 1355 01:10:00,720 --> 01:10:02,480 That is that the gist. Bread am I? 1356 01:10:02,520 --> 01:10:04,320 Understand. Yeah, Good visual for this. 1357 01:10:04,320 --> 01:10:06,800 Go to the following on this. And then the founders go to 1358 01:10:06,800 --> 01:10:09,720 Luca. He does a lot of visuals on 1359 01:10:09,720 --> 01:10:10,240 this. Yeah. 1360 01:10:10,800 --> 01:10:14,240 And then just do media. If you do media, you'll see 1361 01:10:14,240 --> 01:10:15,680 maybe some visuals that he spun up. 1362 01:10:16,360 --> 01:10:19,600 He's done some good ones like the little further down. 1363 01:10:19,880 --> 01:10:22,800 No, not this stuff. It'll be they're like they're 1364 01:10:22,800 --> 01:10:26,400 clean visuals. It's like that one's one where. 1365 01:10:27,360 --> 01:10:29,760 Like. This one, you could long the 1366 01:10:29,760 --> 01:10:32,240 mindshare like you didn't get it in the NFT, but long the 1367 01:10:32,240 --> 01:10:33,920 mindshare because everyone's going to be talking about it 1368 01:10:33,920 --> 01:10:36,040 kind of thing. And so you can trade MiTo data 1369 01:10:36,040 --> 01:10:38,360 in a way. Basically, it's kind of like 1370 01:10:38,360 --> 01:10:40,120 mindshare. So like they're they're it's not 1371 01:10:40,120 --> 01:10:44,040 even and it's not specific to to Mikaido, but it like Kaido can 1372 01:10:44,040 --> 01:10:46,240 very literally be like one of the things that they pull in for 1373 01:10:46,240 --> 01:10:48,480 their Oracle, right? So like you could do very 1374 01:10:48,480 --> 01:10:51,560 literally Kaido mind share of like a KOL of someone, something 1375 01:10:51,560 --> 01:10:53,880 like that, right. So, like an example would be 1376 01:10:54,080 --> 01:10:56,880 broccoli just launched, right, 75 tickers day one. 1377 01:10:57,080 --> 01:11:00,000 You don't know what's going on. Maybe you don't want to like 1378 01:11:00,000 --> 01:11:02,880 long, like choose one of those because you might get fucked, 1379 01:11:02,960 --> 01:11:04,400 frankly. So he's like, maybe you want a 1380 01:11:04,400 --> 01:11:06,760 long CZ is mind share. Like CZ is going to continue to 1381 01:11:06,760 --> 01:11:08,360 pump this stuff. He's going to grow. 1382 01:11:08,640 --> 01:11:11,440 And so like if you get too specific, you run into liquidity 1383 01:11:11,440 --> 01:11:13,680 problems that like Poly market faces, right? 1384 01:11:13,680 --> 01:11:14,960 Like it's too niche, not a lot of stuff. 1385 01:11:14,960 --> 01:11:17,320 So at a higher level, stuff works out. 1386 01:11:18,200 --> 01:11:20,680 So yeah, like this one's one, another one's like being long 1387 01:11:20,680 --> 01:11:22,880 mind share of ETH. It's like one tweet I did was 1388 01:11:22,880 --> 01:11:29,760 like, if you're in like hashtag ETH, pivot to like quote #eth 1389 01:11:31,040 --> 01:11:34,360 because the mindshare on earth was going up, but it was tanking 1390 01:11:34,360 --> 01:11:37,320 still. It's it's an emotional hitch. 1391 01:11:37,320 --> 01:11:40,200 So you were you were annoyed that you're going to have polka 1392 01:11:40,200 --> 01:11:42,840 dot information all over your feet because this kind of 1393 01:11:42,840 --> 01:11:45,840 marketing campaign, but you know, it's probably going to 1394 01:11:45,840 --> 01:11:50,760 work so you can at least go long polka dot mindshare and make 1395 01:11:50,760 --> 01:11:52,880 some money off of it. Well, that makes sense. 1396 01:11:53,640 --> 01:11:55,160 Yeah, some, some cool apps clearly. 1397 01:11:55,160 --> 01:11:57,520 I guess, Brad, just kind of wrapping up with this. 1398 01:11:57,520 --> 01:12:01,600 What what should our listeners, viewers know about Mega Eve, 1399 01:12:01,600 --> 01:12:04,840 like or, or what should they be paying attention to like for the 1400 01:12:04,840 --> 01:12:07,480 next couple weeks? Is it time to check out? 1401 01:12:07,480 --> 01:12:09,400 Is it time to, to check in? Like what's the? 1402 01:12:09,400 --> 01:12:12,480 What's the message? We're recalibrating now cleaning 1403 01:12:12,480 --> 01:12:15,520 up stuff from the the all the stuff from the NFT test nuts in 1404 01:12:15,520 --> 01:12:18,840 like 20-25 days. So that'll open the floodgates, 1405 01:12:18,960 --> 01:12:21,280 get builders in there like these guys have been on private test 1406 01:12:21,280 --> 01:12:24,040 Nets. So they can, they could do some 1407 01:12:24,040 --> 01:12:26,880 of their own building to be ready for day one, but it'll 1408 01:12:26,880 --> 01:12:28,240 probably only be like one or two apps. 1409 01:12:28,600 --> 01:12:32,600 And then, yeah, Testament opens some of these programs start 1410 01:12:32,600 --> 01:12:34,080 going, we start working through that. 1411 01:12:34,080 --> 01:12:35,520 You can start feeling the chain, right? 1412 01:12:36,080 --> 01:12:38,200 Nice. Well, it's it's exciting 1413 01:12:38,480 --> 01:12:42,440 definitely encourage folks to to to really start locking in on on 1414 01:12:42,440 --> 01:12:45,960 mega lot going on these apps already are some really cool 1415 01:12:46,000 --> 01:12:49,200 apps. Before we wrap up, I am going to 1416 01:12:49,200 --> 01:12:53,080 put Logan and Brett on the spot. So folks, quick shout out to 1417 01:12:53,080 --> 01:12:56,600 myriad. Myriad has launched their first 1418 01:12:56,960 --> 01:13:00,360 real money markets tied to this diamond hands poker event that's 1419 01:13:00,360 --> 01:13:02,520 going to take place in Paris on Saturday. 1420 01:13:02,520 --> 01:13:05,440 That is tomorrow. You can bet with Pingu. 1421 01:13:05,760 --> 01:13:09,120 So they're not USTC. These are Pingu markets and Luca 1422 01:13:09,120 --> 01:13:11,560 kind of said they're going to burn the Pingu. 1423 01:13:11,720 --> 01:13:14,920 So this is a Pingu token sink tied to this, folks. 1424 01:13:14,920 --> 01:13:16,840 Nice, but the bets are pouring in. 1425 01:13:16,920 --> 01:13:19,840 We've got over 2.5 million no more now. 1426 01:13:20,320 --> 01:13:27,440 So 1.82.4 looks like it looks like over 2.5 million Pingu bet 1427 01:13:27,440 --> 01:13:29,840 now across these markets. You've got Farooq versus Luca, 1428 01:13:29,840 --> 01:13:32,040 who wins the largest pot? Will anyone hit a four of a 1429 01:13:32,040 --> 01:13:33,760 kind? Will anyone hit win a hand with 1430 01:13:33,760 --> 01:13:37,520 a 7 two and some versus Ponzi trader? 1431 01:13:37,520 --> 01:13:39,600 And then this new market, I haven't seen monkey versus 1432 01:13:39,600 --> 01:13:42,120 global. So you can bet on hands. 1433 01:13:42,280 --> 01:13:45,800 You can bet on individual performers and Who Will Win 1434 01:13:45,800 --> 01:13:47,840 larger pots or or have the most chips. 1435 01:13:47,840 --> 01:13:51,480 So Logan, I'll go with you since you have more time to prepare. 1436 01:13:52,040 --> 01:13:53,600 What's your top bet? Yeah. 1437 01:13:53,880 --> 01:13:57,000 So this was actually to me this was kind of an easy one looking 1438 01:13:57,000 --> 01:13:59,080 at this board and Full disclosure, I am not eligible to 1439 01:13:59,080 --> 01:14:01,240 participate in these markets, so I've not made this bet. 1440 01:14:02,640 --> 01:14:05,240 But to me just looking at this board, I, I think far Oak wins 1441 01:14:05,240 --> 01:14:06,880 the largest pot when compared to Luca. 1442 01:14:07,040 --> 01:14:10,080 And I have a little bit of rationale there to justify this 1443 01:14:10,080 --> 01:14:13,280 decision. Luca by, you know, all accounts 1444 01:14:13,280 --> 01:14:14,840 is very strategic, very measured. 1445 01:14:14,840 --> 01:14:16,600 He's going to play at the hands that he should play. 1446 01:14:17,440 --> 01:14:20,200 And so of course it's going to lend him to potential to to win 1447 01:14:20,200 --> 01:14:22,480 big pots. Froak to me feels like a wild 1448 01:14:22,480 --> 01:14:26,440 card who is more likely to go all in at just some random 1449 01:14:26,440 --> 01:14:30,000 juncture and win, you know, in some showdown type thing. 1450 01:14:30,000 --> 01:14:33,280 And so that that's why to me, in looking at these, of course, not 1451 01:14:33,280 --> 01:14:37,360 financial advice, but the Froak in in just a coin flip or a 1452 01:14:37,360 --> 01:14:41,560 little bit less, right? I like Froak here at 40. 5%. 1453 01:14:42,360 --> 01:14:46,160 Yeah. So yeah, I, I think he's going 1454 01:14:46,160 --> 01:14:48,920 to, he's going to play, he's going to play some weird hand. 1455 01:14:48,920 --> 01:14:52,120 And it might be so much that he plays like a 27 hand, who knows 1456 01:14:53,920 --> 01:14:56,560 that that lends itself to a a big pot, you know? 1457 01:14:56,960 --> 01:14:59,440 Imagine that scenario. Brad, I'm going to put you on 1458 01:14:59,440 --> 01:15:01,960 the spot here. What's your top bet here? 1459 01:15:02,440 --> 01:15:05,040 That was that's where I was going to go actually the 17 1460 01:15:05,080 --> 01:15:08,120 because like it's not a it's not a professional, like Uber 1461 01:15:08,120 --> 01:15:09,960 professional. I mean, like, you know, I'm sure 1462 01:15:09,960 --> 01:15:12,280 people have played before, but like it's going to be kind of a 1463 01:15:12,280 --> 01:15:16,080 DJ and Yolo, like people that are all levels are participating 1464 01:15:16,080 --> 01:15:18,240 in this, which means like it's going to be hard to read, it's 1465 01:15:18,240 --> 01:15:20,560 going to be hard to do stuff and people are going to play maybe 1466 01:15:20,560 --> 01:15:23,240 less traditional stuff pretty just as like a Lol kind of 1467 01:15:23,240 --> 01:15:25,560 thing. So I'm going to say the seven 1468 01:15:25,560 --> 01:15:28,080 two actually gets played and actually wins in some weird 1469 01:15:28,080 --> 01:15:31,640 situation just because you end you end up in an outcome that 1470 01:15:31,640 --> 01:15:34,400 frankly just like never would have materialized in a 1471 01:15:34,400 --> 01:15:36,480 professional scene. Yep. 1472 01:15:37,480 --> 01:15:40,040 So. You like faroque you also like 1473 01:15:40,080 --> 01:15:43,400 7272 is interesting you're. Going to do the, you're going to 1474 01:15:43,400 --> 01:15:49,080 do the parlay, do Faroque 72. I wish I could parlay the bets, 1475 01:15:49,360 --> 01:15:53,200 so I'm on the disclosure, I'm on Faroque, I'm also on the NO72 1476 01:15:53,200 --> 01:15:56,440 and I'm on the No four of a kind, so I'm betting on. 1477 01:15:56,520 --> 01:15:59,680 I'll do no four of a kind. Yeah, I think that one's, that 1478 01:15:59,680 --> 01:16:02,160 one's sharp. So we'll see. 1479 01:16:02,160 --> 01:16:05,320 It's been fun. It's been myriad has been just 1480 01:16:05,320 --> 01:16:07,680 points bets up until now. So it's been fun to have their 1481 01:16:07,680 --> 01:16:11,040 first real money markets and people respond to it. 1482 01:16:11,040 --> 01:16:12,440 So this is on. Abstract, right? 1483 01:16:12,760 --> 01:16:16,440 This is on abstract, so you know how I usually navigate to the 1484 01:16:16,440 --> 01:16:19,160 site actually is I just I go to the abstracts to the discover 1485 01:16:19,160 --> 01:16:20,960 tab. Myriad is a featured app. 1486 01:16:21,640 --> 01:16:24,120 I just launch right from there. So it's a pretty easy flow. 1487 01:16:25,360 --> 01:16:28,720 Again, you'll need Pingu so if you have USDC or Ethan abstracts 1488 01:16:29,120 --> 01:16:33,480 do a swap for Pingu and then it just works like a, you know, 1489 01:16:33,560 --> 01:16:34,960 your traditional prediction market. 1490 01:16:35,320 --> 01:16:38,120 So if you use Pawnee market, it'll be very similar over on 1491 01:16:38,120 --> 01:16:39,680 myriad. So go check that out folks. 1492 01:16:39,680 --> 01:16:42,000 Those markets will close at 12:00 PM Eastern tomorrow. 1493 01:16:42,000 --> 01:16:46,160 So we've got just a little bit over a day left on that. 1494 01:16:46,160 --> 01:16:49,040 Well, folks, we went long today, 80 minute show, but it was a 1495 01:16:49,080 --> 01:16:50,240 good one. We had a lot to talk about. 1496 01:16:50,240 --> 01:16:52,200 Bread, join us. Loved your insights. 1497 01:16:52,240 --> 01:16:54,480 Bread. We are going to go ahead and 1498 01:16:54,480 --> 01:16:57,240 close out the show. Thanks to our listeners, thanks 1499 01:16:57,240 --> 01:16:59,960 to our partners, thanks to you, Logan and Brad for joining me 1500 01:16:59,960 --> 01:17:03,080 here today. We will be back maybe Monday, 1501 01:17:03,080 --> 01:17:05,000 maybe Tuesday. We'll get a note out to all of 1502 01:17:05,000 --> 01:17:06,560 our listeners. So stay tuned for that. 1503 01:17:06,560 --> 01:17:09,400 But until then, enjoy your Friday, enjoy your weekend, Make 1504 01:17:09,400 --> 01:17:10,440 it a good day. Goodbye.