Yo-yo, yo, what up, what up? Good morning, Good morning.
GFG Thursday. Oh yeah.
Thursday, March 20th, 2025. Look at that.
Another beautiful day to have a beautiful day.
A big GM to my fellow Persian people.
Happy norus, Happy New Year. This morning, 5 O 1:00 AM
Eastern Standard Time, the spring equinox hit.
The birds were chirping, the sun was, well, not shining, but you
know, surprising or it was shining in other parts of the
world where it was where it was daytime.
So definitely, definitely want to wish all those who celebrate,
even those who don't, you know, Tyler, even to you family, but
he else, you know, so it's a moment of renewal, affluence,
love and all that good stuff. So you'd love to see that Tyler,
Tyler, Tyler, Tyler, how you doing today?
Good morning. I'm good.
I love spring, one of my favorite seasons.
So good. We're not quite there yet.
We had a snow. We had a don't.
Look outside. Chicago yesterday.
It's brutal, there's snow on the ground but ready to turn things
around and markets looking pretty good this morning, so I'm
feeling good. The market's looking to just
bring us around the corner, you know what I mean?
Like the the market is trying to give us a little bit of
something. I think that snowstorm we're
talking about is making this way to me.
We're good today, but I think I'm pretty sure it's on its way.
So it's like we're we're never going to not have snow.
It's crazy classic. It's a classic little it shakes
the IT shakes the paper hands here in Montreal every time.
End of March, you know, and you got all the snowbirds that fly
back to Canada and then they slap him with another fucking
snowstorm. Classic, classic.
Anyways, everybody tag Mando. Where the fuck is Mando?
I, I have no idea. I'm A tag him.
I'm attacking the other show we have.
Are you coming on the show today?
So the other show we got, we got we got so much to talk about.
We got the market at 4 MC yesterday.
All the good stuff. The most powerful man on earth.
That's not a president. It's your own Powell.
Take the stand. That guy is so powerful.
When you think about it, he is. He's like sometimes a tie collar
away from destroying the global economy.
Simply how he chooses to answer the questions that are asked.
That that and if you want to talk to you about that and how
good he is at that at some point today, but also guy shows up in
the red tie, global economy is finished, Guy shows up in the
purple tie. Doesn't mean we're great, but it
doesn't mean we're bad. You know what I mean?
Like. He, he's in on it, right?
He has to know that at this point.
He's he's got to know that there's like a ton of money,
like I think there's millions on the line every time he's going
to tie up for the next F1. So I'll make sure that we have
a, a myriad market up for you guys because someone asked a
whiz yesterday. It was on street on an abstract
and I was like, yo, bro, where you at?
Like we need a myriad market for the color of his fucking tie.
I was like, OK, OK, OK, OK, we'll try and get one up next
time. I think it's always skewed
towards purple. So one day, though, let me tell
you, the day he pulls up in the orange tie, that's when.
That's when ties will shift. We we run the table.
Yeah, we run the day he does that you I mean, I don't know
all the stuff you got in your house.
This is where he's going to go. Even the new Tyler D household's
going to go and you get you get the new you got that new that
that everything on Bitcoin anyways.
So we'll look through all of this stuff and then we have
guests coming on today, special guests.
Luke Annett's is coming on as well as as the founder, right,
founder of Entre Neros. Is that what I what I got?
Yes. Skyler, Right.
Skyler's coming on. What is it?
Scarley. Scarley, sorry, I saw Skyler, my
bad. Scarley, I read that wrong, my
bad. But Scarley's coming on.
Hell yeah, I found around Janeiro, they're cooking over
there. I love that.
Another great Web 3, great Web 3 gaming.
I know Web 3 gaming has been a big topic conversation this past
week. Again, a lot of people don't get
on etcetera as usual, but it looks like there's some people
that are making movies on abstract and Scarley and her
team are definitely some of those people.
So they'll be coming on later. Then we have a robot loot box
playing as usual. So if you want to win a punk,
actually I removed the punk, but I put a 10% chance to win a
Penguin and I'm adding another Penguin because that's still not
enough. So.
So there's literally going to be over 10% chances that someone's
going to win a pudgy Penguin today.
If you ask me, that's not bad. Okay, that's right.
That's better odds than than than hitting on a, on a, on a
pump fund, that's for sure. Anyways, this show is powered by
Galaxies. Galaxies, the Web 3 platform
empowering creators and brands to build on stoppable
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Want to learn more follow wallet connect on X and Telegram to
stay ahead of what's next. Tyler, you tell me what's next?
Food really NFT and crypto analysis.
Tyler T on FOMO our calls the kids.
Can yeah folks, good news crypto majors and and stocks rallying
on the back of yesterday's FOMC meeting and pals commentary,
which I think interpreted dovish.
We'll get into that here in a bit.
Bitcoin 86 K ETH did give back some escapes.
So we had we had a nice rally yesterday.
It's back under 2K. I can't have nice things in the
ETH street so I. Swear to God, man.
Hanging out at 1:31. It's actually flipped right on
the day as well. So this is now a Bitcoin rally.
There is a lot of anticipation. Folks expected in 30 minutes.
President Trump expected to make a major crypto announcement
virtually live at the Digital Asset Summit conference.
So that may break during the show here.
So we're going to have to keep an eye on that.
Same time, Trump media executives are launching a
crypto spec looking to raise 179 million to invest in American
crypto and blockchain companies. That was a big headline from
yesterday. We have the Solana futures ETFs,
they start trading today with ball shares potentially paving
the way for those spot ETFs to come down the line and other
Solana news, Tolley Co founder Solana, he slammed.
Yeah, I saw that. Controversial ad saying it was
punching down and vowed to ensure he'll do his part to make
sure the Solana found good. He's on a mission now, a culture
wars. So we we like that from Tolley.
Yeah, we do. Crack it nearing a $1.5 billion
acquisition of Futures Trading platform Ninja Trader.
That's a big deal, folks. So we'll see if that does indeed
go through. It looks like it will BlackRock,
folks. They debuted a new crypto pitch
video. No way.
They're good at these tag lines. They describe Bitcoin as a
global emerging monetary alternative and Ethereum.
I haven't heard this exact Ethereum pitch before, but
Ethereum as a technology platform built to enable the
next generation of financial applications and to think of it
like a revenue generating App Store.
So I thought that was interesting there from a
BlackRock spokesman. And then this Turkish crypto
exchange, they saw a major surge in volume after the lira.
The Turkish lira dropped 13% following an arrest of their
president's rival. So that's highlighting a major
use case of crypto right there, kind of a flight to safety and
currency debasement hedge. In token AirDrop and protocol
news, Uniswap token holders voted to approve 2 government
proposals for $165 million, one of which to lay the foundation
for activating their fee switch and another to grow the broader
ecosystem. Blast their App Store went live
for whitelisted wallets. Expected to open up more soon.
New AirDrop alert for this definitive protocol.
It's an on chain trading platform.
I don't know a whole lot about it, but those who have 100K plus
volume on protocols like Hype, Juke, Photon, Bull X and more
should be eligible. So maybe go check that out.
Of course, DYOR and then Privy raised $15 million in funding
led by Rabbit Capital as they aim to simplify security via
crypto rails. That was most of the news kind
of rounding, rounding out AI memes, The NF TS, the AI market
cap did jump about 7% on the day.
FAR Coin LED mindshare with a huge 20% mindshare percentage
there after it hit $400 million in a huge rally on Wednesday.
Nearest Co founder. I thought this was interesting,
Ilya Paulo Sukin, he gave a speech at Nvidia's GTCAI
conference. I think he's the first Web 3
founder to speak at that NVIDIA conference and he talked about
using the cloud based approaches to models and ages to solve
current state issues. Let's see, in memes and issues,
B&B is leading the way in meme corns, folks.
Tut, Broccoli, and Banana were the top meme movers across
chains. Those are all on B&B.
All up 40 to 60%. PBS was a big one.
On Salon, it was up another 50% on the day to 14,000,000.
And then in NFTS, Doodles announced they're going to
release a white paper for their upcoming Doodle token launch.
Taproot Wizards shared their whitelist.
Details confirmed 17150 Wizards are going to be on sale March
25th, 1:00 PM Eastern. 0.2 Bitcoin and then a blockbuster
Mega Mutant deal apparently. Saw that?
Adam Weitzman acquired 4 Mega Mutants on this close price.
What do you think? And two million plus.
You're thinking 2 million? I don't.
Those things are so illiquid and that's such a huge chunk.
It's like the value of those is basically what he's willing to
pay for it. It's kind of my read.
You got four of them, right? Can you believe they were like 2
mil a pop? 3 mil 4 mil a pop?
What was it? I'll have to go.
That would be interesting to go through the history on.
Those, I mean the, the, the serums were going for like 2000
ETH, right thousand plus ETH. Yeah, those were huge.
I'll try to pull it up live. I could probably find it, but
those theorems were going for an absurd amount of money back
then, if you recall. So that's that's pretty wild.
Exposed to myself, I don't know how to navigate this new open C
the same way I used to. We need to we need to get used
to it. I I'm actually starting to I'm
actually starting to learn how to navigate it properly.
I'm like, I'm like getting the hang of it.
They tagged me. Everyone's like fro.
No, you can actually switch to USC and crypto.
I didn't realize it was at the bottom right and small.
Also, you can switch back from pro to collector and I like the
collector over the pro shit. I don't like here like right now
it was in the box, so I'm on it. So like here, like you have pro
that's like I'm not in for like a Bloomberg Terminal type open
C. So I just go to collector and
then depending on my bias and the price of eats, I switched
USD and all and and and E depending on my mood.
So serum. So what it's like mutants.
I mean this shouldn't be a collection anymore because it's
serum are done mega like see last say if I go here and I pick
all of them, we're like boomers man.
I know, I honestly don't know how.
I remember the good old days of sweeping NFTS on the open sea
while hosting tourist bases and everybody was like front running
me and you have to go scroll all the way down because there was
no such thing as Genie. Remember Genie remember fucking
what's the other one? The other one that then was
bought. I'm not forget anyways, I forget
the the history on those, but it was it was some crazy sales back
then man. So last sale here for this one
was 500 ETH, but I don't know what ETH was at.
It was much higher than this for sure.
See 500 ETH from Asherah and it's sold when ETH was Let me
tell you right now more detail here.
Transaction fee duh, duh, duh. Machi 500 ETH, it was a that's
current price I guess yeah. It's my.
Maybe it was 2K. Honestly, it has been 2K for as
long as I remember that. No, it was 1628 ether price
here. Yeah, so I don't know, I forget.
Like the chat. Do you guys know how much is
mega mutants glorified? I feel like I used to post about
them all the time. Like for rogue mega mutant, I
used to post all the mega mutant I used to like dude, I used to
do this before stats before Tyler did it for all these guys
came in. I used to post price action.
I'm kidding. The mega mutants were splashy.
I'm looking for it, man. Like I'm I, I can't figure it
out. I can just remember, oh wow,
that wow, that's one of my best works.
Remember this tweet? Dude, that was crazy.
Then my converse, the Dyson tweet that that was that was
dirty work. I can't find it.
Honestly. I'm looking through some old
tweets. Yeah, I really can't find it.
I just remember it was at least 1420, you know, It was like some
of those meme numbers, you know? They were big.
Yeah. I would have thought I would
have thought at least one of them went for 3,000,000 bucks,
but maybe. But.
Definitely at least a million. I don't think you're
misremembering here, like I genuinely think.
Let me see if people are like tagging me with answers here.
I genuinely think that that's how much they were they were
going for. But anyways, point being your
estimated $2,000,000 sale that could add up.
I mean Adam, Adam loves Yuga Labs and born APR club.
He just bought a he actually just bought he just bought a top
hat punk. He picked one up for for the
low. Actually that was a good deal.
He's the one who picked up my one O 1 Vidalgo OTC not too long
ago for about $10,000 and he just likes to support.
Man, that guy's awesome. He's like this like super rich
guy in LA or Miami and or precious, bicoastal and
successful man, very successful man.
And and he just he just really has a lot of belief in in
utilizing what board APR club is building.
What do you think? Do you think that age is?
Well, let's say it was 2 million.
Let's say it's like 2 to 3 million.
I think that Board API Club will stand the test of time.
I think it's a top 10 digital collectible.
I don't see a path to those specific mega mutant entities
selling for hire. But it only it would take long
like it only takes. A handful of collectors.
I mean, it only takes one, right?
I mean, we're seeing that with the.
Correct. In the art space right now.
Yeah. With with canvas and and others.
It only takes 1, so you're absolutely right.
So I'm looking for the last sales.
Yeah, I can't find them. Yeah.
Four years ago it was 200 E, 335 E, 350 E, 250 E and 500 E
There's the last five sales four years ago when they last sell
last. Some of those last sold.
I just can't find the serum page anymore because I'm pretty sure
since you can't consume the serum anymore, they they might
be delisted or something, you know what I mean?
Yeah. So anyways, I definitely
remember that these serums were going for 1000 E plus, so
curious to see how how that goes.
But good luck to to to to Adam Weitzman and then
congratulations here on that. Did did that move the floor
price for any of the serums or sorry the apes or anything at
all you think? No, it was a chopped day for
Ethan of Tees. Yeah, it's still, it's still
choppy out there, but you know what they're holding good
though. Like I was looking yesterday for
fun. You know, you're still looking
at $25,000 for an ape. It's like 20 K ish for for a
Penguin. Like it's a collection of 10,000
NFTS in a market where Theorem is like not doing great.
Punks are still selling nearly $100,000.
So if you think about the collectibles market, you know
what I remember was talking about the NBA cards or whatever
yesterday, like Pokémon cards, etcetera.
Like it's, I don't know there, I don't know if there's a chart
that like overlays like Ethereum NFTS versus like Pokémon and
other collectibles, but be curious to see that versus NBA
cards watches. I'm actually curious about that.
You know what I mean? Yeah, I'm going to see if I can
pull that out. But I mean, that's more than
like the entry level Rolex, right, 25,000?
Way more. I mean, you entry level Rolex,
you're talking 5 GS secondary, right?
Secondary market you're talking. But even primary market, let's
say you're lucky and your AD gets you like a submariner, no
date or like a date just like you're looking at like 8,
something like that. I'd say 8 or 9.
I don't know, inflation, prices, I don't know anymore.
But like you're like, it's more than half of an 8 for an entry
level Rolex here. So you know, and there's way
more 10,000 of those. So, so I think, I don't know, I
think it's impressive to, to see those things hold up.
And I remember, man, yeah, those series went for LGS.
Do I remember like we used to host Twitter Spaces for people
to like consume those serums and like, remember I had like apres,
like the gold one that that that that once that revealed
everything was to be like these total events.
So anyways, that's some good momentum on the NFT front,
Tyler. But we got some other big news
to talk about today. So what else you got for us?
Yeah. And we can talk a little bit
about FOMC. So Powell came out, it was
pretty interesting presser yesterday.
So I, I did listen to it. I tuned in.
We were rallying into FOMC. They held rates the same.
I think that that was widely expected.
That was 9% chance outcome. But ultimately markets did surge
after and it looks like it's continuing here into this
morning for the most part. I think a couple of the
highlights that stood out to me, he he did talk about tariffs
quite a bit. That's most of the questions
were about tariffs. He said that could introduce
some short term volatility. He expects it to be temporary
transitory. He also said, I think one of the
more important things he said is that the Fed is pricing in full
100% retaliatory tariffs in their projections.
So my interpretation of that is if there are any scenarios here
where tariffs kind of get backed off, if they're not as extreme
as we think that they are going to be right now, that will be
that will give them room to to ease because they're already
projecting effectively the worst.
Because of that, they're lowering the projection of U.S.
economy growth forecast down from 2.1% to 1.7%.
He did a little that the odds of a recession are higher than they
previously were, but he said still very unlikely.
So my interpretation of listening to him live talk
through that is he does not think a recession is coming, but
he did acknowledge that it it does have a higher chance of
happening than it did a few months back, which I think is
really in line what most people think, but was also kind of
reassuring to hear. And then the other piece was
they are slowing the pace of offloading their securities in
April, so slowing. Nice.
The QT, So those were the highlights and it seems like
markets generally liked it, but now kind of seems like we're
all, we're all in a holding pattern here.
I mean, it's kind of rallying now since we started talking.
So just keep going. Just keep talking.
Keep talking. Yeah, Bitcoin's up back to 865,
but now this, This could be people buying anticipation of
whatever the hell this announcement's going to be in
15. Minutes, I would be careful
here, but yes, I wouldn't long like at 86, but if you were long
since 82, you also don't have to like cut it right away.
You know what I mean? If there's like a lot of people.
To go 100 X longer shortness right now.
Well, that's the problem is people long like now when like
literally 24 hours ago was 80, you know what I mean?
So I hear about a bunch of Solana yesterday morning before
the show, like 128, six, whatever.
Obviously I missed the bottom 1:25-ish, but like not selling
it here. But I'm also not like I was
telling you yesterday I was like, I'm also going to sell it
as fast as I bought it if I don't feel like it, you know
what I mean? Like if the vibes are off like
this, Solana is leaving my wallet the second you know what
I mean? The only position I've actually
helped with this downturn is all the Sonic I I added on spot and,
and I'm just holding because there's passive points and
there's a promise of something and they're building a bunch of
stuff. But the rest like I've just been
in and out of coins. But this is looking good.
Like honestly, Tyler said we have a new range here, right?
It's really like the new range is a bit lower than before, but
it's between that 76 ish to that like 9091 K range, right?
And we're just chopping between that.
So let's see if we break out of it.
But I don't know, let's see, you know, I like to be a bull.
You know, I don't like to be a bear.
Arthur Hayes. I know we because sometimes you
give him a little shit for some of the calls, but he has called
the last pico top pretty well. He's actually liking what he's
seeing right now. You know, he was very adamantive
calling 73 K and he got a 75K so he got pretty close.
He says J pal delivered QT basically over April first and a
lot of my friends were like tried 5.
We're talking about this QT and QE, right?
The next thing we need to get pulled up for wheels is either
SLR exemption or restart of QE. Was Bitcoin 77 K the bottom?
Probably, but songs probably have more pain left a pain left
to fully convert Jay to team Trump to stay.
So stay nimble and cashed up. So I like this right, Stay
nimble and cashed up. Feel like that's kind of where
we're at. I'm struggling a little bit
because I still feel like the the rhetoric from Bessent is
that this is going to be a multi month correction, like we're in
for more pay, but. Stopped right?
Europe's haven't even started. But on the flip side, everything
I, I feel like a lot of that might already be priced in like
we sold off so hard so fast and now like there are a, there are
a lot of big bulls out there like Kobe just bought a huge E
position as I understand, as we think again.
I just think confirmed or a girlfriend.
He didn't confirm that either. But he's not the only one,
right? There's a lot of other folks who
have been starting to make more public long calls.
Yeah, and he's also a. Little bold up.
So like Mando's telling us not to check prices till July, I'm
still going to get bold up on all the pumps.
Is that why he's not showing up anymore?
Everybody tag Mando and shame him at Reck Mando.
I want, I want to see tags on the Twitter Spaces at the
bottom. I want everybody to tag Reck
Mando. Just tag pull up, motherfucker.
Anyways, another good sign for BTC that again, that's another
Arthur Hayes post. My custom U.S. bank credit
supply index is trending higher. Doesn't mean we are done
dumping, but the other shifting more bullish.
So I think like not that I understand this.
I'm not going to actually understand what you just said,
but balls tingling, you know, like that that that that
tingling spring feeling. I've been saying spring is nice.
Spring is renewal. So overall, Tyler, you know,
it's like we're seeing somewhat of a better sentiment.
Cautiously optimistic. Cautiously optimistic.
Where's our fear and greed? Where's our favorite index side?
Let's see. Like we're never going to get 10
again. That's what I'm trying to say.
It's a fear and greed. And by never I don't mean like
over 10 years. I mean the next year like in
2025, right? That's a fifty.
Wow. Nice.
But see dude, like that's fine. That's what I'm saying.
Like people are neutral, cautiously optimistic is nearly
49. That's accurate, right?
Feels right. Feels right, feels right.
Feels like what you and I taught, like the way I'm feeling
and the way you're feeling right now.
From what I'm picking up on like 49 feels accurate I don't think.
People are buying. I don't like other than like, I
mean, I guess I just said some people clearly are like like
Kobe, like R3 is starting to get bullish, but.
Apparently at Das Fucking all the institutions are buying,
yeah. Yeah, they are.
Yeah, someone said. Wait, what was 31 last time I
checked? I mean, yeah brother, yesterday
was 32. OK.
So that is a huge job like that. That's kind of hard to justify.
But if you do the average of the week, it's in the 40s though,
because look at that 4547 last month, 45, last week, 42.
So that 32 though, like that ten that one day on the Friday when
we came on the show and was at 10, that was like that was
probably your Pico Shimiko rock hard solid bottom signal.
You know what I mean? Like how much you know, if
everyone's coming for 7073 K and you're at 75 Ki mean, how much
more greedy can you get? You know, like greed goes both
ways, right? Everyone the most bearish at the
bottom. And everybody buys Bitcoin at
the price that deserve it or, or or the other coin.
If you want to talk about that one, Tyler.
But our, our, our praise here is, you know, if you quit really
hard, you can see the praise holders lining up at the Golden
Gate Bridge. Yeah, I don't know if it's still
trading as Bitcoin beta or. Not, I think the meme's just
losing some steam, but it's that famous like $50 million line
again on meme coins, right? It's it never fails.
You either break it and then you go straight to like 1150 or you
just, it's like a mental thing. Anyways, Tyler, what else?
Oh, there's a oh, wait, we have breaking news here.
There's a rumor on the Trump stuff right now.
Is there a rumor? I was looking for rumors. 38
seconds ago Intel now obviously thread lightly here.
The major update is rumored to be that Trump will announce A0
tax on crypto Cataporto gains at the summit today.
So that would that is the that. Would be big.
That's the caliber of announcement I was expecting,
but. I'm going to feel.
Like the market, I feel like Bitcoin should be higher.
Like like, well, hold on. 30 seconds ago this post just came
out. I just caught it.
I mean it saw it until. Yeah, just just put it, put the
one second chart and see if it reacts if you want.
There you go. Oh.
No slowing it. Yeah, I.
Don't know here. Let's leave the one second chart
on on here while Trump speaks if you want, I guess.
The reason maybe it's not moving more is that this a key.
This would still have to pass through Congress.
Of course. So like, it's a headline.
It would be something that would likely be, you know. 369 months
I wouldn't get bulled up without being sure.
That's a big one. If that comes through, I think
it becomes big. It makes Bitcoin a very, very
investable asset. Brother And it makes America be
more interesting for outside investors and then it makes the
rat the race to to like, I don't know, just this race to acquire
more Bitcoin gets pretty gets gets pretty pretty wild Anyways,
Wow, I'm curious, when are you speaking?
And supposed to be in 7 minutes. OK cool.
So we'll, we'll, we'll monitor live as well as we get Luca and
and Skyler on the show. What else do you got for us,
Tyler? The other Trump news from
yesterday, Trump media execs. So this is not exactly I don't
know the the inner workings of the Trump media team.
The names that I saw in this announcement are not Trump
family members. So this is a little bit
disparate, but still, you know, portfolio of companies, they are
reportedly launching a crypto spec 179 million they're looking
to raise to invest in American crypto and blockchain companies.
I didn't have a chance to go super deep into into this one,
but that's the headline. I think it's already kind of
coming out some mixed reactions or perhaps more negative
reactions. Just getting a little bit.
I shared this on expose. It feels like maybe like the
Trump family getting too deep into personal crypto
investments. It is like kind of muddying the
waters here. I think we're all, I think most
of us. I don't want to speak for
everyone. I think most of crypto Twitter
is objectively pretty happy with the crypto policies put forth by
the American government the last few months.
You know, they're thoughtful, reasonable, reasonable, logical.
But it gets a little messier when like personal investments
are mixed in with all this, right?
Like we applauded David Sachs for divesting all of his crypto
as. The right.
But then the Trump sons are leading World Liberty 5.
Now the Trump media is is launching a crypto spec, so it
just makes the situation a little messier.
Yeah, we'll we'll see what that takes.
So it's different team, right? Trump media, it's a whole other.
It's a Trump media. Is that the arm that owns the
true social? Is that tight?
True social and Trump media. Don't know the answer to that,
so I've got a little bit more details.
So they're calling it Renanis Tactical Acquisition Corp and
talk about what they're buying. It's going to be incorporated in
the Cayman Islands plan to complete acquisition through IPO
and private placement. It's a beautiful day in the
Cayman Islands. Alexander Cano are are the CEO,
Chair and COO. All right.
Yeah, we'll, we'll see. How, what did that, did that
impact their stock? Because I know they've got their
stock too right? On the I wonder.
It was down a little bit today, .97%, not much.
Down a percent, yeah, It's like it spiked up and then.
Yeah, yeah. All right.
Volatile. It is volatile.
I mean, the whole market is even Bitcoin right now is like the
Wicks are crazy. So let's see, I'm really curious
about this this talk. I mean, look at the end of the
day, like you, you do have you do have a present talk on a
crypto conference, right. So we'll it's a big deal.
Now, of course, you can't really, you know, make the call
on this tax stuff without Congress.
But at the end of the day, we'll see what that what what happens
in that front. All right, Tyler.
The rationale behind it, because it's an interesting headline, it
was one that was a little harder for me to to like come up with a
justification. So I'm curious if we'll get that
first. I'm curious if this is the
announcement and how they'll justify it.
So yeah, we we may very well find out here and.
Just I hate when the announcement or like a something
of it leaks before it's like you'll let the guy fucking make
it the announcement, you know? Yeah, because the people run
wild with it without all the details.
Yeah, like it's already happening, right?
But it's just like, you know, just tell us.
Anyway, today's code Raffle bot dot XYZ Raffle bot dot XYZ.
Now let me fuck around. I have a punk.
I have. I have a Penguin for 10% and one
for six. I'm going to remove it.
I'm going to make one Penguin for 15%.
Wow, it worked. Can I make it 16?
Let's get greedy. Oh, there's now a 16% chance to
win a Top Hat Penguin 16 Tyler. I don't.
I've never had. I've never made odds that high.
1/6. One 616% chances that one of you
listeners today is going to win a pudgy Penguin it it.
That's a lot that I've never had.
So I'm excited already for the thing.
So we have a couple of minutes before before I guess join us,
Tyler. So what's Blast stuff?
I'm curious because you know, Blast is still building.
I mean, I know they've caught a lot of slack here and there, but
hey, like that's the team that's building in the mobile scene.
And we know that crypto needs to go mobile more and more because
that's the one thing that we're missing the most.
So what was the news that I'm curious?
Yeah, it looks like they're launching an App Store.
Well. That's what they're calling it.
So like basically, I think they got a little bit of criticism
right when they launched their app, they had like the four
buttons. Now there's more buttons and
like they're leaning into it. They said that more buttons are
coming. So right now only select wallets
are able to engage with this App Store.
But effectively, like you're in the, you've got your blast app
up. You can set your apps that you
want to use kind of on your homepage and launch them from
there, which is a nice UI, right?
And one of the things I've praised Abstract for is their
very clean UI. And I think Blast doing their
own thing in their own way here. I was very surprised that
Fantasy Top was not in their initial screenshot.
Wait, this is true? Yeah.
Maybe it's because they got this one of that thing going on By
the way, I'm I'm so sorry y'all like keep rugging the space like
I didn't say the code. The code is G myriad.
So I I said that we have 16% chance to win a Penguin.
I didn't give you guys the code G myriad GMYRIADGMYRIADG Myriad
is the code to the raffle bought dot XYZ.
There's 16% chance that that you're going to win a ping.
What up Mando? Hello, how are you are?
We bullish. Honestly, I haven't really had
the time to look at stuff. I know you're busy.
Seems. Like. 86 K Wow, yeah.
Yeah, we're not bad. We're not bad.
We're looking.
We're looking OK. What did you think yesterday of
of Powell? Did you have time to listen to
him? I did.
I thought it was quite hawkish. If I'm on this, I was surprised.
Like he said, look, we think inflation's going back up, we
don't need to cut rates quicker. Like he was objectively more
hawkish than I think markets were hoping, right?
But we had a rally, so all good. Yeah, I mean, we'll see.
Trump is set to speak now. So, so he's, he's going to, he's
going to get on stage at Das and.
What do we think that is? Well, there's a rumor that just
came out from Intel Classic, like, yeah, saying that it's
about to for the 0% tax on on Bitcoin.
But again, even that, even if he were to talk about that, it has
to go through Congress. So that's all we know.
That was fresh off the press like 5 minutes ago.
Yeah, that's good to Congress. Maybe they do that, maybe they
do that or maybe they do tax some sort of tax benefits to to
crypto, US crypto companies. Something like that.
Yeah, Major. It was just the rumor to be that
Trump will announce 0 tax on crypto capital gains.
But again, we really have to. I love how all this originally
remember base carbon made a fake tweet that went viral like
millions and millions of views and all the media started
picking up on the 0 tax on crypto.
But that was before Trump was president and then the whole
thing was so funny. So anyway, so let's see that
yeah Speaking of the blasting Tyler, some people seem unhappy
here like shafted them and blast would be a ghost shame without
any. So I don't know I haven't
followed much but but I do see funny stuff.
Technically should have been on there.
I don't know let me get Luca up on the stage.
I see Skyler and scarly. I'm so sorry fuck, I'm so sorry.
I genuinely apologize. Scarly Scarly.
I like that it's fucking chat name.
I love it. Scarly gets scarly.
I see scarly in the studio, but I don't see her camera on.
Is Scarly on or off camera? I just want to make sure.
Is Carly on? Do I see Scarly?
I see Scar. What up, Luca?
Hey, how you doing? You good?
Yeah, I'm doing good. How are you doing?
Good, good. How are you feeling, man?
How you feel about the market and everything right now?
I'm feeling, I'm feeling pretty good.
How are you feeling? I'm feeling great.
I'm always feeling great. I mean, we're building, right?
It's a builders market. So we're always we're always
vibe it and things are popping up on Marriott.
Things seem to be popping off on abstract.
So, you know, I'm liking, I'm liking how everything is running
through that, you know, how is that?
How are the USDC bets going? They're going great right now
we're what we crossed 600,000 plus in volume and that's still
with like really little amount of markets up a little bit less
than I wish we had. But we're gonna we're gonna push
this a little harder in the coming in the coming days and
weeks. And then we are about to hit
10,000 USDC traders. So that's the metric that I like
a lot more than the volume because the volume is whatever
it's good. But we're at 9400 traders and
signups overall, we must have crossed half a million.
So we're definitely, we're definitely seeing some stuff and
we've made about $77 in fees. So very happy about that.
Hey, man, I love that. And I was talking to somebody
about you guys I think a couple days ago.
I think there's like a huge opportunity to like really
control like the crypto Twitter prediction market because like
because I think like a lot of your guys's markets are like
culturally relevant. And I think a lot of these
markets don't have like a finger on the pulse in terms of
culture. So triple down there.
I think that's that's one of your guys's big edge cases
amongst a couple others. But one, I like that when he
said that. 100% I I totally agree with that.
What up, Scarley? I see you on spaces.
You want me to bring you up on the video?
Can you hear me? No, Carly, what up?
Can you hear me? Yeah, I can hear you guys.
Can you hear me? There you are.
What's up Scarly? How you doing?
Oh, good. Thanks.
Thanks for having me on. Dick, thank you for coming.
Listen, I don't know what you up to over there, but I know half
my friends angeled in your shit and the other half for playing
on training heroes. Yeah, you know, I saw Barad and
see phrase and all those folks are in.
And then on the other side, you know, Sam's our producer and VP
media and and Tyler just can't stop talking about you and the
and the formal hour group chat. So you're obviously up to
something really good here with on chain heroes.
So congratulations first and foremost.
Second of ours, Carly, why don't we let you introduce yourself
and tell us what you're building for the people that may not be
familiar with on Chain Heroes. Absolutely.
So I'm standing the founder of on Chain Heroes, which is a
fully on chain RPG on abstract. So the TLDR is that we stripped
away. We're trying to build a fully on
chain RPG, but stripping away everything that is grindy, that
is, you know, time consuming and really optimizing for a niche of
people with that enjoy these high risk, high reward type
games that, you know, often do not have a lot of time to to
enjoy these. And we're also acutely aware
that the average D Gen. doesn't doesn't like too much reading or
too much, you know, whatever, right.
So we're we're really going for like a simple stripping away
everything else, just leaving the essential elements of an
RPG. And yeah, we partnered with
Abstract to launch and, you know, we got really lucky.
We found a lot of success. And yeah, that's the TLDR.
I love that. How's your experience been with
Abstract so far? Because you know, the people
love to hate on the stuff that's working.
My personal experience, our personal experience over Myriad
is that we love it. But you got Luca on stage, so I
want you to tell us what's your experience been so far, Bill and
Abstract. I see, I see there's a lot of
stuff going on there on the gaming side.
Yes, Sir. Our experience has been amazing.
So I joined Abstract's builder and residence program.
And what that means is we get a lot of support, we get Technical
Support and marketing support. One of the big reasons that we
chose Abstract was we were, you know, aware that we like our
weak point was distribution and we knew that Luca and Abstract
they would be, you know, you know, there were the kings at
this rate. So we knew that we could build a
good game. We just needed to get it out
into the hands of people. So overall, like a really great
experience. It's great to hear.
I'm curious, so you had a lot of success mentioned that I I
covered it fairly extensively. What went right?
Like reflecting on the last couple months?
Absolutely. So I think the biggest thing is
that so my background is in Wolfgame.
So I was really dead at Wolfgame for like 2 1/2 years, which was
like a big 2021. Yeah, huge.
Which was big at the time, You know, they're still cooking
stuff. But the TLDR is that I've been
with the community like I'm, I'm literally just building a game
that I would want to play. And it really resonated with our
little niche of crypto Twitter, right?
So in day one, we had massive support from people that have
known me for the last three years.
You know, I'm, I'm not a tourist.
I've been in the trenches. I've been losing money on the
same things as these guys. So that I think played a really
big part of our success. Nice, you love to hear that.
I'm I'm curious. I was chatting with Sims, He
said that you were a Warcraft fan.
I'm curious if you had drew any inspiration from Warcraft or any
other areas. Absolutely.
So, yeah. Yeah.
So, you know, I was a big, well, player.
I unfortunately don't have time to play these days.
Just because of course, just because of work, right?
I hope you don't have time to play these days.
Yeah, yeah, exactly. Probably what my folders want to
hear. But yeah, we're we're joining
like to to me, right RPGs and like idle games are large,
largely a solved problem. I don't think that we need to
try and reinvent the wheel too much, but rather like things in
the context of crypto where they make sense, for example, like
we're dealing with the real value.
So everything needs to be on chain and needs to be trustless
and needs to be verifiable, like intraoperability, you know, not
something that we're super focused on, but rather the
entire ownership and really leaning into the speculative
nature of crypto. So basically the TLDR is that we
take a lot of inspiration and concepts from proven successful
models and just apply them in the context of crypto.
And I think that's why we were able to find some success.
Yeah, clearly the the market has responded.
I'm curious, we've talked about your success.
Any lessons learned from the last month from Season 1 that
you're thinking about applying to Season 2 in the future?
Yeah, yeah, absolutely. So I think I think out of
learnings, the, the biggest learning that I, that I had that
was that people really, really want to have like when, when we
think about idle RPGSA lot of people think about just like,
like wolf game, you know, for example, V1 where was just
staking or unstaking. That was the only decisions that
you had. But our, our game is built on
top of that and we have like various trainers that you can
train with that affect your outcome in a meaningful manner.
People really love this. So it's a combination of
decision making, risk and RNG. So we're going to lean heavily
into this and continue giving players a way to like
meaningfully affect their progress in the game.
So not just, you know, staking on staking like typical like
quote UN quote Ponzi games, but have more depth, have more
decision making and have more interesting on chain game
mechanics. Yeah, I think that makes a ton
of sense. And I think one of the things, I
don't know, it should have surprised me, but it did
basically like every group chat I was that I'm in had people
playing on chain heroes. And this is kind of across a lot
of different cohorts of people, builders, folks who are deep in
the meme coin trenches just like a NFT traders, like a huge
variety of people were were playing this one.
I am curious. I'm sure folks are listening
right now. What's coming next?
Is there anything you can share about like what the the future
looks like? It feels like we're kind of in
kind of a holding period right now, kind of waiting for the
some of the next news to come out.
Absolutely, Yeah. So right now we're in an
offseason, but we have some really interesting activations
coming up. Like we know we mentioned World
of Warcraft in the beginning, right?
So the the more of launching heroes right now is that, you
know, our world is going to be under attack by a world Boston
and all of the heroes. We need to come together and
fight this right now. The game like started off very
PDE in the sense that rewards were just distributed from the
game protocol. I'm super aware that this is
not, you know, sustainable forever.
So we're transitioning into a faction based PvP type game
where you know, you guys are going to have to where players
are going to have to fight against each other in like a
bloodthirsty on chain warfare game.
Season 1 was just the introduction of, you know, it
was just just to launch, right? Just to launch, get our tokens
out there and make a big splash, which we've successfully done.
And now we've have the foundation to build out the next
phase of the game, which is coming soon.
Well, I'm sure a lot of folks are excited for that.
I've been very impressed with how the tokens have been holding
up on the secondary markets during this kind of low.
Period. Quickly folks need to to move on
and opportunity cost. So clearly a lot of folks are
are ready and willingly waiting for Season 2.
Well, Congrats on a lot of success for Season 1 We're going
to be excited to see. It.
You know, I'd love to kind of bring it back to you and kind of
a similar line of questions, but I think we just closed abstract
month one. What was it last week?
I'm curious for your thoughts and perspective on on how it
went and how you're you're maybe thinking about month 2.
Yeah. So I think from our side, I
think we're really going to try to lean into a couple really
awesome social elements. And I think we're kind of on the
brink of really doing what I think is probably the most
exciting part for us, which is how do we really bring new
people in. I think right now portal dot ABS
dot XYZI think is the best zero to 1 onboarding crypto.
I think it is the best verticalized experience in
crypto, and I think it has one of the best ecosystems.
And I think one of the reasons why we decided to consolidate it
into like this one singular platform was in part for a lot
of reasons. But I think one of the main
reasons why we built abstract the way that we did was that I
always wanted one central destination to kind of push
marketing to. Meaning it's really easy for me
to get millions of people to go to 1 singular site, but it's
really hard for me to like market 9 different apps at the
same time. And in this situation, you know,
now that I think the platform is kind of at a place where I think
it's almost ready, you know, once we tie in these social
features, which I think will be out in the next two weeks, I
think we'll be at a place where I can sell to the outside world.
You know, this, this new iteration of fun and social on
the Internet and then bringing them into this kind of top of
funnel and then them kind of meandering and maneuvering
around to all the different apps, whether it's on chain
Heroes or Myriad or Gotcha or whatever, whatever the app is.
I think the beauty of our platform is I don't need to
market 10 different things. I need to market 1 central
destination, which ultimately then, you know, left everybody
else up. So I'm excited for that.
And I think we're finally on the verge of actually doing that.
And I'm and I'm really excited for what I think the next couple
of months look like. But you know, first month there
was some bump bumps in the road today.
I really believe that. I think our ecosystem and what
we built, I think it's just completely different than what I
think we've seen from previous block chains and where where
they've been going and what they've been building in terms
of how they've been building it. And I'm really excited to kind
of scale it into, you know, scale it up here in the next
couple of months. And I will also say I was hoping
it would be announced on this space because I thought it was
pretty cool, because Froak and I had done kind of alluded to this
at NFT Paris. I can't, I can't say exactly
what it is. Come on.
Yeah, it should, it should be live in the next 1520 minutes.
There's a there's a really big moment, I think for for pudgy
Penguins in the in our ecosystem here coming in the next 2025
minutes from an institutional perspective.
Wow. Well, are.
You waiting for DAS? Is that where it's being
announced? No, no, no, I that was that was
a good idea in hindsight, but it just turned out that today was
the day that I think some of this stuff got filed.
So you'll, you'll see it and you'll see it, I told your.
Ass. Wait, go ahead.
Sorry. No, you'll see here in a couple
minutes. I don't even want to talk about
it until like it's public. Yeah, yeah.
Yeah. Wowza.
What? So in Paris, there's a viral
clip of me and Luke on stage where I still the question
whatever pudgy like what's going on?
And he was like something like institution something something
pudgy Penguin NFTS. And then we talked about these
guys think I was three. And then we almost opened a
market for it on Marriott. My call remains.
I mean, look at you don't have to unmute.
I don't want to fuck your shit up.
But you know, my call was like, this is going to be a filing for
an NFTETS. So that's just pudgy related.
But you're seeing Penguin. I know you're close with Ben
Atkin Bitwise. I'm just saying.
I'm just saying bro 15 minutes ETFNFTS.
Fuck, we have to wait 1520 minutes.
Brutal. He's going to make us wait.
But I am that was one of my questions.
Luke, I am curious how has it been kind of balancing like the
pudgy eco with the abstract eco and they're like, there's this a
lot. I'm sure you're juggling a lot
of balls. How's how's that aspect been?
Yeah, I think it, it, it hasn't been as hard as I thought it
would be because like they're almost like autonomous trains to
a certain at least pudgy Penguins.
Is is supposed to know at least from from that perspective or,
or sorry, I just got a text message.
But yeah, sorry. No, but but I think it's not
that it's not that difficult. I thought maybe it would be
difficult, but it's not that difficult.
I think from our perspective, like the OR from my perspective,
the the pudgy Penguin stuff is like really autonomous.
I mean, there's like 65 full time people.
They're just marching in One Direction.
I think from the other side there's a, you know, the
abstract stuff I think probably takes a little bit more of my
time just because it's a little bit more in its infancy.
But I also think from an engineering and from a team
perspective, abstract has like, I think one of the best teams
I've ever worked with or gotten to know.
So I think we're on a pretty good free flowing, you know,
kind of cadence right now that I think we're all kind of
comfortable with. Maybe in the beginning, it was a
little bit tough when you were kind of like critically thinking
on everything. But now that you know where
where both products are going, it's really just about hard work
and marching in One Direction. Nice.
Well, that's good to hear. I'm curious, a lot of balls in
the air. What are you most focused on?
Like, what's the number one thing that's on your mind when
you're waking up on Thursday, March 20th?
I. I think right now everything to
me is really straightforward. I think there's one critical
problem that I'm looking to solve on the abstract side that
I think has taken a lot of my time, which is how do you really
get the on chain activity going? And then the problem there is a
little bit harder than I think people think on its face.
So I'm spending a lot of my time, I think really kind of
addressing what I think the biggest problems in our
ecosystem are. And that's probably the first
one. So most of my day, at least in
the short term, has consist of. Most of my day in the short term
consists of solving for that problem and then as kind of
problems arise, I kind of pivot into different ones.
I love that I love that well, good luck with everything Luca.
I can't wait for this announcement.
All right, sorry for the people who can't hear on on stream, but
the spaces could hear so that was the important part.
So basically this was overhyped as if he's speaking first of
all, he was not speaking there. Classic.
First of all, so sorry to every participant and then second of
all, it was a 2 minute and 41 second video, which is great by
the way. I think this is bullish because
the president of America is taking time to make a video
again. Again, every chance he has to
speak of a crypto, he speaks. So this is bullish.
But in this Intel page, I mean what the fuck are you going on
about posting this? Way off.
The price action didn't match that rumor.
Yeah, but you know what? 85 eight dude.
Barely a sell off. This is pretty soul.
I don't we we can't just be rooting for Trump to make huge
announcements. To Trump, I agree.
Yeah, the. Other things.
So I think he he basically just kind of reconfirmed everything
he already. Said correct.
Just kind of just the executive order.
The yeah, he's just, it's a, it's like a press tour for
crypto. I mean, Das is a massive, he
knows his audience, right? Like he knows, like it's in New
York. Every single massive institution
that is either in crypto or looking to be in crypto in the
USA is there. It's arguably the largest
conference of the year on American soil when it comes to
institutions because consensus moves, remember Toronto and Hong
Kong. So, so he addresses it.
So for me, the way I read this, Tyler, I think you feel similar
to me, is bullish. He's speaking there.
By the way, we're back at 86 K. Nice.
So, yeah, only the people who went 100 X long on the on the no
crypto tax rumor are wrecked here.
So everyone else is going to be just fine.
I mean, I think the every time he says that he wants to make
America the undisputed Bitcoin superpower and crypto capital of
the world. I mean, I like to hear that as
as an American. I like that he wants people to
build crypto companies in the US, saying the passion of the
crypto community is the kind of spirit that builds our country.
I like to I'm a guy who likes affirmation, so I do appreciate
that and I think people who get doom and gloom and depressed
from reading crypto Twitter all day do that, you know, they they
need to hear things like this sometimes as well.
So no major news, but continued, you know, positive rhetoric.
It's a good. Outcome.
Yeah, yeah. He denounced the the pudgy ETF
though, So so we're still waiting.
We're waiting for that. It's been 20 minutes, Luca.
I didn't. I didn't say that's what it was
for Rogue. Maybe we can run this.
We can run this tomorrow. Yes, let's run into OK, you know
what, we'll hold you up to that. Let's hold that tomorrow.
I think. I think I think that was very
positive. Yo, Luca, thank you as well as
usual for for showing up and supporting us.
Shout out to Abstract. Fucking love Abstract.
I'm glad we're building on there.
We love it. Scarley, thank you so much for
today. What you're building is awesome.
I know that because my team is hooked up on it and they're like
gaming and they're picky. So that means you build
something good. Scully, congratulations with
your success with On Training Heroes.
Tyler, I will see you tomorrow and the rest of y'all. 10:00 AM
Eastern Standard Time for the episode of FOMO Hour on Rock
Radio. Let's go.