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Yo-yo, yo-yo, yo, what up? 
What up? 

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Good morning. 
Good morning GMG Ham, Thursday 

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September 21st, 2023. 
Look at that. 

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Another beautiful day to have a 
beautiful day. 

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I think it's today, the first 
day of of fall. 

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Or is it tomorrow the summer end
on September 25th or 22nd? 

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Ohh you made it mind up 22nd. 
I think I read 22nd on your on 

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your lips though. 
So what you said? 

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I thought it was today. 
I thought it was today, right? 

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It's 21st, right? 
So that could be the equinox. 

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This is one of the equinox. 
Right. 

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Is it the equinox? 
No, I think it's summer. 

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Yeah, Summer solstice. 
Summer Solstice, Solstice. 

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So as 23rd this year that it 
ends all right. 

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We got two more days of summer I
guess officially. 

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So it's still launching summer 
for two days and then two days 

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it's no longer launching summer.
It's going to be a what do we 

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think is going to be let me ohh 
did everybody just get you guys 

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all got booed off stage just now
rug radio mando and and and 

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everyone sorry I don't know I 
just did that but anyways yeah I

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guess two more days of launching
summer. 

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Two more days of whatever, some 
redacted you know your bank 

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summer until you know something 
fall happens and what what 

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what's coming in the fall. 
Like what are we naming this 

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fall? 
Survival. 

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Just. 
Yeah, just the full. 

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The full. 
Please note my bags. 

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Honestly, please know I was 
going to make a full joke as 

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well And I was like, yeah, maybe
not. 

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You know, I don't wanna. 
I don't wanna call that. 

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But yeah, the fall. 
Ohh, 95% fall. 

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No, no, we're we're long right 
now, OK. 

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No, not yeah, right now we did. 
I did say we have two more days 

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of summer. 
So it's OK make sure we close 

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those before before the 23rd, 
right? 

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There's going to be something 
fall anyways. 

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I got my calls in the house. 
I know Obi is flying again, like

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always. 
Always flying. 

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I feel like I've travelled more 
than him this month, but he's 

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managed to fly more than me. 
This is wild. 

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It is very fine for next day but
but we do have we do have Plan B

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over here can Canary labs has 
like this like long road of 

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plans right. 
You know men does not there is 

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gonna be another one right. 
Isn't it scary? 

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Just like it's just plan 
ABCDEFDI was gonna run down the 

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red guy. 
Well, I feel like I'm just the 

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bench warmer for everyone here, 
like I'm the I am plan BCDE. 

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FGH, it's so funny with the with
the with Debbie. 

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Yeah, I guess like ABC would be 
OV locks and I, you know, I 

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think I think I would say Mika 
still differ now and you would 

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come in in in position, you know
EI think for now Kelly, how's 

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that feel? 
I appreciate you taking that 

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actually and taking it like a 
champ, you know, but today's a 

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heavy macro day which is 
probably why you're here. 

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So anyways then the show today, 
today, today's a top four 

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because we don't have a guest 
unveiled at ART coming at the 

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end with Dave Krugman for quick 
little 10 minute segment. 

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So this should be a good one. 
Remember to get on the phone 

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call with them I think a couple 
of weeks or month ago about what

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they were dropping. 
So it's actually pretty cool. 

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But anyways, top four of the 
market, the Fed, Fed, Spooks, 

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the markets. 
I'll let Mando and Kelly take 

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that on for sure. 
Then 95% of NFC NFT heard zero. 

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I mean there, there we go, here 
we go again 4/4 like all the 

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articles coming in strong got, 
yeah, I think we got ripped by 

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few of them over the last few 
days. 

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So listen, the entire market is 
a zero apparently. 

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I mean 95% does add up, but 
we'll talk about that later. 

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Frantic, frantic competitors on 
the rise. 

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Ohh, that's probably why my, my 
shares are that my keys are down

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like almost by half, right. 
Like that's totally why that's 

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these cues. 
So you know, yeah, exactly. 

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So a friend, tech competitors 
again, competitors, everybody 

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trying to copy something that 
seems to work, but we'll see 

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what what what happens. 
And last but not least, Dolly 3 

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launches with some cool stuff to
talk about today and with 

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Alfredo, Mando, Mando, Mando, 
Mando, once you get started with

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the first topic and what is 
going on in this market. 

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Man, the Fed really did a number
on everyone yesterday. 

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It was feeling a little bit 
heavy going into it and then 

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volatile during the press 
conference. 

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But then the the takeaway seems 
to be that they are going to 

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keep rates higher for longer, 
which is kind of what we thought

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but they didn't, They might even
raise rates one more time. 

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Now the markets like only 50% 
believe in right now. 

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I think it's like a still a 5050
bet that the market is 

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predicting that rates are going 
to increase, but. 

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But yeah, it was more hawkish 
than I think even people 

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predicted and now you're seeing 
like multi decade highs again in

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bond yields. 
We're at the highs from about 

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2000 and seven 2006 in some 
cases. 

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So really, really high bond 
yields stocks have not like that

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overnight and yesterday they 
were already on a downward trend

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and down for a few weeks. 
But they really did cute 

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yesterday and they've opened up 
week again today I think down 

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about 1%. 
I I was a little bit surprised 

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at how badly we reacted given 
how hawkish everyone was already

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going into it like positioning 
was was kind of set up for this.

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You know, strong strong dollar 
yield, selling off stocks being 

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weak. 
I mean everyone was kind of 

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position that way for a few 
weeks. 

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But yeah, it's definitely, 
definitely spooked the markets 

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and crypto was holding up OK up 
until about this morning and 

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then people started throwing in 
the towel a little bit as she 

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started dipping even further 
lower. 

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So Bitcoin still hanging out 
around the support level, which 

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is like 26600 ETH has kind of 
reached. 1600 is now 1585 

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roughly. 
Um, so yeah, weekday probably 

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about down about two or 3% and 
Bitcoin has been outperforming. 

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There were some, there were some
stories there that the Mount 

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Gox. 
Repayments they they are going 

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to actually be at the end of 
this year or they they could 

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potentially start at the end of 
this year. 

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They were the end date was 
delayed until next year but they

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could begin this year. 
And I think the, the rumour was 

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yesterday that the whole thing 
was going to be delayed till 

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next year and now it feels as 
though that may come slightly 

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sooner, which may be caused 
people to to feel a little bit 

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weaker about upcoming supply and
some of these things. 

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But yeah, not not a pretty day 
across all markets. 

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What do you? 
Think. 

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What do you think? 
Yeah, I was just gonna say, 

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like, why sell now? 
I don't really get it. 

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Like, especially in Earth, Like,
I don't understand the big sale 

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pressure there. 
Like, it feels weird. 

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But on the Fed, it's just like. 
I think people think that that 

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they are confused. the Fed is 
confused like if it's if it's 

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they're saying it's a soft 
landing. 

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If it's a soft landing, they 
don't need to drop interest 

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rates again. 
But inflation is still high. 

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They're worried about oil, so 
maybe they need to put up rates 

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again. 
I think that was the takeaways 

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that like. 
I thought just like the Fed has 

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no idea what it's doing. 
And that's like not ideal. 

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Yeah, I would agree it was a 
confusing narrative and even the

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markets like even though they 
said they might raising it raise

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rates again, the market hasn't 
really fully believed them. 

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Because of how confusing it is 
and and inflation have been 

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coming down, right? 
Inflation coming down across the

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board. 
The only real risk here has been

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oil, which is creeping back up 
again, but then raising rates to

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fight oil. 
That seems like a losing battle,

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but. 
Yeah. 

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I think this whole thing has 
been a losing battle though. 

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This whole thing has been supply
side inflation or some of it 

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from COVID, etcetera. 
COVID shipping prices, all of 

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this stuff goes into inflation 
and you don't really temper that

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with interest rates. 
It's a good probably made around

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the bed, the meetings today, 
right? 

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Because this time, usually it's 
Tuesday, Wednesday, but this 

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time around you guys were 
talking about how it was 

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actually Wednesday, Thursday, so
the meeting. 

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No, normally Wednesday, Thursday
to this week it was. 

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That was it. 
That. 

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Was the press conference 
yesterday and he was 

156
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particularly the actual 
statement wasn't that hawkish 

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but the press conference was 
Goldman have come out and said 

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they don't think he's gonna 
raise rates again and obviously 

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going into an election year he's
probably it's it's a more 

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difficult. 
Period, often to raise rates 

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under a lot of pressure to do it
particularly because things like

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shelter inflation have been 
coming down so aggressively. 

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It seems maybe a bit much to do 
that. 

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But yeah, markets did not like 
it particularly tech had been 

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wobbling a little bit for a few 
weeks. 

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Things like Cambodia we spoke 
about yesterday that kind of 

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breach below some of its moving 
averages and and all these 

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technical sellers started coming
in so slightly weaker period. 

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What I would say is that gold 
held up pretty well as and the 

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dollars obviously. 
Rising even in that scenario. 

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And so the idea of that's kind 
of what we're seeing in crypto 

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as well, the digital gold 
version Bitcoin is holding up 

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much better than let's say the 
digital utility token or digital

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stock like token, which is, 
which is. 

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00:09:03,370 --> 00:09:07,800
So it does feel like Bitcoin 
outperformance could be a bit of

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a medium term trend here if if 
the markets are or the stock 

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market remains spooked but 
people still want to have 

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inflation hedges. 
All right, well, I guess we'll 

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see what goes next. 
Fed meeting scheduled for 

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October 31st and November 1st. 
So it's Halloween. 

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That doesn't bode well. 
Stop it, Cali. 

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The full thing. 
And it's in. 

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00:09:31,050 --> 00:09:35,310
It's during the fall, so. 
Pair of Canary labs are you are 

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00:09:35,320 --> 00:09:38,610
that's I mean do you think the 
generations that does need one 

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00:09:38,620 --> 00:09:42,520
bear especially with two GB 
perma giga ultra bulls. 

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00:09:42,530 --> 00:09:45,350
So it's I guess it's not that 
bad a little. 

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00:09:45,360 --> 00:09:48,000
I'm like a pathetic bear. 
I put a bear thesis out there 

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and then these two guys should 
trample all over me. 

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00:09:50,110 --> 00:09:51,920
And then I'm like a reluctant 
bull. 

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00:09:52,370 --> 00:09:53,720
I love that. 
That's so funny. 

191
00:09:53,730 --> 00:09:55,930
So we'll see if I'm not 
mistaken. 

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00:09:58,270 --> 00:10:00,220
I know that's not my fault 
everyone. 

193
00:10:02,820 --> 00:10:08,630
FDX you've gone through lunar, 
you've gone through three AC. 

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00:10:08,910 --> 00:10:12,150
Fucking me, you as in the market
I. 

195
00:10:13,420 --> 00:10:16,020
I know the whole market has gone
through that and now you're 

196
00:10:16,030 --> 00:10:18,350
going to sell a stock market up 
this year. 

197
00:10:18,360 --> 00:10:21,290
Like I said, it just, it 
perplexes me that people think 

198
00:10:21,300 --> 00:10:24,780
we're gonna go close to like the
FTX loads of the year that I I 

199
00:10:24,790 --> 00:10:27,160
think, I mean, maybe I'm going 
to be wrong here, but I think 

200
00:10:27,170 --> 00:10:29,330
the local laws are definitely in
full for Bitcoin. 

201
00:10:31,900 --> 00:10:33,510
I'll take that. 
Here we go. 

202
00:10:34,210 --> 00:10:37,050
Here we go. 
Yeah. 95% full. 

203
00:10:37,180 --> 00:10:39,780
Honestly I've got one bullish 
tweet yesterday which was which 

204
00:10:39,790 --> 00:10:41,600
was to do the idea that I 
thought we could decouple from 

205
00:10:41,610 --> 00:10:47,050
macro here just particularly in 
Bitcoin because so many, so many

206
00:10:47,480 --> 00:10:50,910
short term sellers of like 
capitulated over the last few 

207
00:10:50,920 --> 00:10:53,770
weeks. 
And I think 80 or 85% of all 

208
00:10:53,780 --> 00:10:56,150
Bitcoin now is in long term 
holders hands at the highest 

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00:10:56,160 --> 00:10:57,930
ever. 
But one bullish tweet and you 

210
00:10:57,940 --> 00:10:59,770
just get tacked. 
It's like, ohh no, you're an 

211
00:10:59,780 --> 00:11:01,730
idiot. 
We're going like 3040%. 

212
00:11:01,800 --> 00:11:04,920
Ohh, like the world's about to 
end. 

213
00:11:05,130 --> 00:11:07,430
I know it's crazy. 
Yeah, don't bulb. 

214
00:11:07,440 --> 00:11:11,590
I mean if if anything happens. 
Yeah, don't you gotta fly that 

215
00:11:11,600 --> 00:11:14,030
flag. 
I'm gonna like the post right 

216
00:11:14,040 --> 00:11:16,430
now. 
You like the the person on the 

217
00:11:16,440 --> 00:11:20,770
front of the miserable like 
poster with that flag just 

218
00:11:20,780 --> 00:11:25,560
flying the flag for the Bitcoin 
bulls I. 

219
00:11:25,610 --> 00:11:27,180
Somebody's gonna make that. 
He's gonna. 

220
00:11:27,190 --> 00:11:30,180
Make someone yeah, someone's 
gonna make that someone's gonna 

221
00:11:30,190 --> 00:11:31,090
do it right. 
Someone. 

222
00:11:31,100 --> 00:11:32,640
Someone's gonna be that person, 
right. 

223
00:11:32,990 --> 00:11:35,060
We try we try a lot It's it's 
it's tough. 

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00:11:35,070 --> 00:11:37,390
But you know I think the other 
thing to keep in mind is also 

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00:11:37,400 --> 00:11:39,660
October is gonna have the second
deadline for DTS right. 

226
00:11:39,670 --> 00:11:43,440
Which obviously we're swimming 
is gonna be pushed again and so.

227
00:11:43,450 --> 00:11:45,220
This could get much. 
Remember the government? 

228
00:11:45,230 --> 00:11:47,910
the US government shut down in 
the next week. 

229
00:11:48,800 --> 00:11:50,930
There's a lot of talk about it 
that shut down. 

230
00:11:51,550 --> 00:11:55,300
And that would be in the SEC 
shuts down, so there could be a 

231
00:11:55,310 --> 00:12:00,020
technical wait. 
They need to get like funding to

232
00:12:00,030 --> 00:12:03,720
keep the US government open. 
At the moment it's it's a it's 

233
00:12:03,730 --> 00:12:06,800
like another debt ceiling thing.
But and it looks highly, highly 

234
00:12:06,810 --> 00:12:09,580
likely that the US government is
going to shut down as in like 

235
00:12:09,590 --> 00:12:11,470
government functions. 
You mean the government shut 

236
00:12:11,480 --> 00:12:13,090
down like the government shuts 
down. 

237
00:12:13,100 --> 00:12:16,790
There's no more government. 
A lot of different departments 

238
00:12:16,800 --> 00:12:18,070
will shut down. 
Yeah. 

239
00:12:18,660 --> 00:12:21,950
OK and. 
That you need to have 

240
00:12:21,960 --> 00:12:26,000
Republicans. 
The House Republicans and 

241
00:12:26,010 --> 00:12:28,700
Democrats to come to some sort 
of agreement over it, and it 

242
00:12:28,710 --> 00:12:31,280
looks unlikely that they will. 
But this is also a split within 

243
00:12:31,290 --> 00:12:34,850
inside the Republican Party and 
if that happens, the SEC is shut

244
00:12:34,860 --> 00:12:36,100
down. 
So they will. 

245
00:12:36,110 --> 00:12:38,320
They will come up with some 
excuse while they can push back 

246
00:12:38,330 --> 00:12:41,210
the the review. 
If they're shut down, though you

247
00:12:41,220 --> 00:12:45,310
could argue the glass half full 
is that they can't fuck with us 

248
00:12:45,780 --> 00:12:47,800
the same way they're going to. 
We knew they were going to push 

249
00:12:47,810 --> 00:12:50,620
it, yes, but if they're shut 
down they can't really do the 

250
00:12:50,630 --> 00:12:53,680
negative. 
Some people like they might get 

251
00:12:53,690 --> 00:12:55,930
approved next month. 
Some people thought they might 

252
00:12:55,940 --> 00:12:58,980
get approved. 
I yeah, I mean we we saw this 

253
00:12:58,990 --> 00:13:01,030
chart. 
I was like 75% in the year and 

254
00:13:01,040 --> 00:13:04,120
95% of next year and and the 
next and the next and the next 

255
00:13:04,130 --> 00:13:06,660
one is after this wave is going 
to be the third deadline which 

256
00:13:06,670 --> 00:13:10,100
is there's one of them on 1111 
but the rest of them are all 

257
00:13:10,110 --> 00:13:14,050
January 15th, 14/15/17 and then 
we finally lines March. 

258
00:13:14,060 --> 00:13:16,100
So even we zoom out, March is 
not that far. 

259
00:13:16,110 --> 00:13:18,640
Like you're going to blink and 
you'll be March classic. 

260
00:13:18,690 --> 00:13:21,700
Like as soon I feel like as soon
as like like it's always like 

261
00:13:21,710 --> 00:13:24,220
that though. 
Times flies anyways, right? 

262
00:13:24,630 --> 00:13:26,500
It's always like that. 
And then you gonna play again 

263
00:13:26,510 --> 00:13:28,850
and eat this 5K. 
There you go. 

264
00:13:30,250 --> 00:13:32,170
And then again. 
You see this? 

265
00:13:32,750 --> 00:13:35,630
I got 170 K. 
My girl. 

266
00:13:35,820 --> 00:13:38,770
My girl. 
Yeah, that's that's my girl, 

267
00:13:38,780 --> 00:13:40,790
right. 
She That's either big one. 

268
00:13:42,220 --> 00:13:46,360
If you asked my dog right at 
home, calculate my bag if it was

269
00:13:46,370 --> 00:13:49,130
170 K just so I can dream for a 
second. 

270
00:13:49,380 --> 00:13:52,810
OK, so I have two E total in my 
Ledger. 

271
00:13:54,040 --> 00:13:58,200
Like it's going to go to 170 
million, $170 trillion market 

272
00:13:58,210 --> 00:14:02,760
cap? 
No, no Metaverse. 

273
00:14:04,180 --> 00:14:05,900
This is the Metaverse. 
And then they backed it out. 

274
00:14:05,910 --> 00:14:08,770
That's what we think, she says. 
Some wild shit. 

275
00:14:08,780 --> 00:14:09,920
But you know what? 
That's my girl. 

276
00:14:10,010 --> 00:14:11,300
Like I'll. 
I'll support that. 

277
00:14:11,310 --> 00:14:14,560
So yeah. 
I mean, it's in these in 

278
00:14:14,630 --> 00:14:16,880
technological pursuits, you 
gotta have dreamers, in the 

279
00:14:16,890 --> 00:14:19,830
words of Kanye West. 
Aim for the stars, so if you 

280
00:14:19,840 --> 00:14:22,920
fall, you land on a cloud. 
Nice. 

281
00:14:23,620 --> 00:14:25,500
You know, lots of Kanye West 
anymore. 

282
00:14:28,490 --> 00:14:35,130
He's a big guy. 
Yeah, I'll play with you. 

283
00:14:35,140 --> 00:14:38,810
But anyways, second topic of the
day, I mean is that are you guys

284
00:14:38,820 --> 00:14:40,570
good with the market roundup 
whatnot? 

285
00:14:40,580 --> 00:14:44,240
Like I think, I think that's. 
Yeah, everyone feels a bit crazy

286
00:14:44,250 --> 00:14:45,880
today. 
That's basically it, I think. 

287
00:14:45,890 --> 00:14:49,040
I think. 
I think I bought some. 

288
00:14:49,050 --> 00:14:52,230
As you know, we saw that in your
contact chat. 

289
00:14:54,780 --> 00:14:58,010
I I think they went out 
performed these. 

290
00:14:58,020 --> 00:15:02,490
So if you're only, which I'm 
sure everyone does, it could be 

291
00:15:02,500 --> 00:15:04,710
a little bit tougher. 
I think over the next few weeks 

292
00:15:05,380 --> 00:15:07,320
that makes sense, it looks much 
weaker. 

293
00:15:07,330 --> 00:15:13,130
But anyways, topic topic #2. 
It's actually four more NFT 

294
00:15:13,140 --> 00:15:16,230
headlines. 
You know, 95% of NFT's 

295
00:15:16,240 --> 00:15:19,570
apparently are almost at 0. 
So the headline just goes 

296
00:15:19,800 --> 00:15:23,480
straight to the point. 
It says remember what NFT's sold

297
00:15:23,550 --> 00:15:28,930
for millions of dollars. 95% of 
the digital collectibles are now

298
00:15:28,940 --> 00:15:33,470
probably worthless. 
Of course, a few months ago when

299
00:15:33,480 --> 00:15:36,690
I would see this kind of 
headlines, I'd be like, well, 

300
00:15:36,700 --> 00:15:38,210
not really. 
They're not accurate. 

301
00:15:38,340 --> 00:15:43,790
But then I open DJ's finance. 
I realise they're not that wrong

302
00:15:44,240 --> 00:15:47,930
because the 5% that we're gonna 
name ohh but the fence is 100K 

303
00:15:48,080 --> 00:15:54,490
but the points are still 83 four
K, the apes still 40 + K But 

304
00:15:54,500 --> 00:15:58,250
it's true that the rest of the 
market is not is not performing 

305
00:15:58,380 --> 00:16:00,890
that well. 
Just ironic when you compare 

306
00:16:00,900 --> 00:16:03,350
articles from then and now. 
Like remember that someone made 

307
00:16:03,360 --> 00:16:06,490
a tweet about the Rolling Stone 
article from Dan saying the 

308
00:16:06,500 --> 00:16:09,410
party PR club is like some 
massive thing is gonna crush it 

309
00:16:09,420 --> 00:16:11,970
and now like NFT's are 
absolutely dead. 

310
00:16:12,110 --> 00:16:16,040
So I think it's ironic to see to
see the articles, but hey, this 

311
00:16:16,050 --> 00:16:18,580
is how Web 2 media makes their 
money, OK? 

312
00:16:18,590 --> 00:16:21,720
It's by taking the, you know, 
following the trend and also 

313
00:16:21,730 --> 00:16:25,560
very often having headlines that
make people get angry so we can 

314
00:16:25,570 --> 00:16:27,250
talk about it. 
This is a cool picture at Times 

315
00:16:27,260 --> 00:16:29,520
Square though. 
So anyways, they're saying most 

316
00:16:29,530 --> 00:16:33,460
NFT may now be worthless Less 
than two years after a bull run 

317
00:16:33,470 --> 00:16:36,520
in the digital collectibles. 
A new study indicated that 95% 

318
00:16:36,530 --> 00:16:42,020
of over 73,000 NFT collection 
had a market cap of 0 out of the

319
00:16:42,030 --> 00:16:44,260
top collections. 
The most common prices for an 

320
00:16:44,270 --> 00:16:48,360
NFT is now 5 to $10. 
My question to both of you 

321
00:16:48,370 --> 00:16:51,540
beyond you know what your 
thoughts are is shouldn't most 

322
00:16:51,550 --> 00:16:55,200
NFT in the 1st place be priced 
just as 5 to $10 based on what 

323
00:16:55,210 --> 00:16:57,540
they actually provide? 
Like do we need more? 

324
00:16:57,550 --> 00:16:59,760
I think something we talked 
about on stage that consensus 

325
00:16:59,770 --> 00:17:04,750
remember OV yourself, myself and
were like look like RFC aren't 

326
00:17:04,760 --> 00:17:07,859
that expensive and they get you 
access to XYZ in new year. 

327
00:17:08,270 --> 00:17:11,160
Should they be even $30,000 
floor right. 

328
00:17:11,170 --> 00:17:13,520
So it's just you know my 
question to you guys is, are 

329
00:17:13,530 --> 00:17:16,960
they is this is the market down 
bad or is the market actually 

330
00:17:16,970 --> 00:17:20,099
starting to finally be priced 
according to what it should be 

331
00:17:20,109 --> 00:17:23,339
priced? 
I think it's a bit of both. 

332
00:17:23,589 --> 00:17:26,859
I think part of it is that, 
yeah, NFT's by nature we've all 

333
00:17:26,869 --> 00:17:29,190
been saying like it's the 
technology will survive. 

334
00:17:29,200 --> 00:17:34,000
We're going to see hundreds like
1,000,000 billions of NFTS which

335
00:17:34,010 --> 00:17:36,640
are just worth nothing because 
they are just. 

336
00:17:38,040 --> 00:17:39,870
To perform a function rather 
than being some sort of 

337
00:17:39,880 --> 00:17:43,520
collective or and I think you'll
see lots and lots of that. 

338
00:17:43,630 --> 00:17:46,160
And I also think yeah obviously 
stuff came down. 

339
00:17:46,170 --> 00:17:49,440
I think it's it's too easy. 
Just like dismiss this is like 

340
00:17:49,610 --> 00:17:52,540
this is just a fight article 
though if you go to the end you 

341
00:17:52,550 --> 00:17:56,900
can see the market cap of NFTS 
since the start of the year. 

342
00:17:58,380 --> 00:18:00,840
I think we started the year 
about 6 1/2 billion. 

343
00:18:02,150 --> 00:18:07,200
By Q1 when Blur was going on, I 
think we peaked around nearly 10

344
00:18:07,210 --> 00:18:09,240
billion. 
So we're actually up in Q1. 

345
00:18:09,250 --> 00:18:12,800
I think most of that was the 
rise in ETH over that period and

346
00:18:12,810 --> 00:18:20,090
now even with ETH up 30% or 35% 
year today and if these are at 4

347
00:18:20,100 --> 00:18:25,940
1/2 billion, so. 
We are down about 50% just in 

348
00:18:25,950 --> 00:18:31,760
NFT's and that's and then ETH 
that's up actually have that 

349
00:18:31,770 --> 00:18:33,860
period. 
So it's it's been a really, 

350
00:18:33,870 --> 00:18:37,560
really horrific year. 
I think for value being created 

351
00:18:37,630 --> 00:18:41,680
in the NFT space you can't just 
like dodge that but I don't 

352
00:18:41,690 --> 00:18:45,040
think it's maybe surprising, 
right Like yeah 95% of staff was

353
00:18:45,050 --> 00:18:48,020
meant to go to zero. 
I think everyone kind of agreed 

354
00:18:48,030 --> 00:18:49,850
on that. 
Even during the bull runs, you 

355
00:18:49,860 --> 00:18:52,450
would just hoping that yours was
the thing that didn't. 

356
00:18:53,090 --> 00:18:56,670
Yeah, I remember Gary Vee saying
that every other day. 

357
00:18:58,100 --> 00:19:00,410
You know I don't want. 
Disagreeing with him. 

358
00:19:03,030 --> 00:19:05,520
He always says that I was so 
right as like no I don't think 

359
00:19:05,530 --> 00:19:08,440
people were actually thought 
everything was gonna be worth 

360
00:19:08,770 --> 00:19:10,820
hundreds and like millions and 
millions and millions. 

361
00:19:10,830 --> 00:19:13,800
But I do think people thought 
was that they hoped their thing 

362
00:19:13,810 --> 00:19:14,980
would be the thing that 
survived. 

363
00:19:15,370 --> 00:19:18,600
You know everyone knew they were
they were taking these bets. 

364
00:19:18,850 --> 00:19:23,640
I think. 
That you know, stuff. 

365
00:19:23,850 --> 00:19:26,100
Collectibles aren't easy just to
create out of thin air. 

366
00:19:26,150 --> 00:19:29,460
You know so. 
Yeah. 

367
00:19:30,610 --> 00:19:32,750
Yeah, go on, Kelly would. 
You. 

368
00:19:32,760 --> 00:19:34,390
Yeah. 
The other thing is I which is 

369
00:19:34,400 --> 00:19:37,710
interesting is that this that 
stat was actually true even in 

370
00:19:37,720 --> 00:19:42,870
the bull market, in that like so
many people created shitty, 

371
00:19:42,880 --> 00:19:48,230
fake, scammy, pointless, 
whatever. 

372
00:19:48,620 --> 00:19:51,250
The collections on Open City, 
which remained unsold and were 

373
00:19:51,260 --> 00:19:54,750
worthless even in the peak of 
the bull market, something like 

374
00:19:54,760 --> 00:19:58,790
80 to 85% of NFT's had never 
sold because people minted. 

375
00:19:59,140 --> 00:20:01,890
People created them and tried to
sell them and they didn't work. 

376
00:20:01,960 --> 00:20:04,650
So it's not. 
It's not that much of A. 

377
00:20:04,850 --> 00:20:08,520
Of a move from the previous 
state, even like the bull 

378
00:20:08,530 --> 00:20:11,540
market, but I think even if you 
isolate the top collections as 

379
00:20:11,550 --> 00:20:14,800
Mando said, you're still been a 
tough year for value creation. 

380
00:20:15,310 --> 00:20:18,170
The headlines obviously like 
click mate, top selections are 

381
00:20:18,270 --> 00:20:23,340
are down a lot but and I agree, 
I agree with you guys in that 

382
00:20:23,350 --> 00:20:26,980
like this is just the evolution 
of the market and people took 

383
00:20:26,990 --> 00:20:31,690
that risk and hope that their 
thing would be the thing that 

384
00:20:31,700 --> 00:20:34,790
would survive it. 
Some did, some didn't and now 

385
00:20:34,800 --> 00:20:37,380
we're kind of entering that 
phase where it's more about like

386
00:20:37,430 --> 00:20:41,140
sustainable value creation 
rather than I buy this at 100 

387
00:20:41,150 --> 00:20:43,820
grand, hopefully it's going to 
200 grand, we'll never know 

388
00:20:44,170 --> 00:20:46,680
because Disney are going to make
a cartoon and or whatever. 

389
00:20:47,730 --> 00:20:51,240
So yeah, it's pretty hard to 
argue with the the sentiment, 

390
00:20:51,250 --> 00:20:54,340
but it's like a bit misleading 
and it's like use of stats I 

391
00:20:54,350 --> 00:20:58,190
think. 
But it's definitely been tough. 

392
00:20:58,900 --> 00:21:01,090
I mean they love using the same 
examples over and over again 

393
00:21:01,100 --> 00:21:03,330
like they love using Steph 
Curry, they love using Snoop 

394
00:21:03,340 --> 00:21:04,540
Dog. 
But this is actually, you know 

395
00:21:04,550 --> 00:21:06,880
what, this Gap Gamble. 
So they basically that article. 

396
00:21:06,920 --> 00:21:09,090
So the articles are always like 
click bait, but when you click 

397
00:21:09,100 --> 00:21:11,630
on the article and what they're 
sourcing, it's actually this, 

398
00:21:11,940 --> 00:21:16,250
this debt Gamble report. 
That's what I've been sharing on

399
00:21:16,260 --> 00:21:17,460
the screen now. 
Yeah, you can. 

400
00:21:17,470 --> 00:21:19,650
Yeah, you can see it. 
And actually it talks about the 

401
00:21:19,660 --> 00:21:22,510
current state of the NFT market 
and so they really went deep 

402
00:21:23,720 --> 00:21:25,170
into that. 
So it's like the statistics 

403
00:21:25,180 --> 00:21:26,930
effect. 
So this is the thing it's like. 

404
00:21:27,860 --> 00:21:31,670
The the statistic effectively 
means that 95% of people holding

405
00:21:31,680 --> 00:21:33,690
NFT collections are currently 
holding on to worthless 

406
00:21:33,700 --> 00:21:35,770
investments. 
Having looked into the those 

407
00:21:35,780 --> 00:21:40,150
figures, we would estimate the 
95% to include over 23 million 

408
00:21:40,160 --> 00:21:43,920
people who invest whose 
investments are now worthless. 

409
00:21:43,930 --> 00:21:46,490
And they talk about ownership, 
percentage of currency of 

410
00:21:46,500 --> 00:21:49,720
current NFT collections, so 
number of partially and fully 

411
00:21:49,730 --> 00:21:52,360
owned NFT's. 
So you have a bunch of those and

412
00:21:52,370 --> 00:21:57,130
then you have another one on 
more than 1600 top NFT's listed 

413
00:21:57,140 --> 00:22:01,410
are dead. 
Number of NFT split floor price.

414
00:22:01,420 --> 00:22:04,750
So it's a look, I think it's a 
step that makes a lot of sense 

415
00:22:04,760 --> 00:22:07,370
and I think we all usually tend 
to agree when you talk about how

416
00:22:07,380 --> 00:22:09,720
we need to, you know, the 
broader market to recover before

417
00:22:09,730 --> 00:22:13,530
we see any sort of a comeback 
like unless you're in a Raging 

418
00:22:13,540 --> 00:22:15,400
Bull like. 
I don't see it. 

419
00:22:15,410 --> 00:22:17,480
All this crazy. 
It is crazy. 

420
00:22:17,490 --> 00:22:20,360
Like every month or every couple
of weeks I'll go through and 

421
00:22:20,370 --> 00:22:23,520
I'll just like clean up the 
decisions that we always add new

422
00:22:23,530 --> 00:22:26,520
projects, but often, like get 
rid, we'll get rid of old 

423
00:22:26,530 --> 00:22:31,430
projects, OK? 
And it's crazy how many projects

424
00:22:31,440 --> 00:22:34,310
I'm just getting rid of all the 
time, just like projects you've 

425
00:22:34,320 --> 00:22:36,020
heard of. 
Just like they're now worth 

426
00:22:36,030 --> 00:22:38,030
nought point nought 1 or nought 
point nought 2. 

427
00:22:38,040 --> 00:22:41,360
And they're just not relevant 
anymore like no ones, no ones 

428
00:22:41,370 --> 00:22:43,440
looking at them. 
And they're amount of money. 

429
00:22:43,450 --> 00:22:44,700
Those raised it Always. 
Kind of. 

430
00:22:46,080 --> 00:22:48,310
Slightly infuriates me. 
Like if you do it by. 

431
00:22:49,060 --> 00:22:50,860
Yeah, it's it's just it is it is
nuts. 

432
00:22:51,590 --> 00:22:54,000
I get it. 
I I definitely feel. 

433
00:22:54,010 --> 00:22:56,750
The same many of them. 
But like, it's not your name and

434
00:22:56,760 --> 00:22:58,240
shaming thing. 
It's like a market thing. 

435
00:22:58,250 --> 00:23:02,910
Like, it's just crazy crazy. 
How many, how many projects? 

436
00:23:02,920 --> 00:23:06,350
I'm just like clearing out that 
we all remember from the bull 

437
00:23:06,360 --> 00:23:09,800
market. 
Yeah, I mean, it's absolutely 

438
00:23:09,810 --> 00:23:11,540
crazy. 
But look, I I don't think, you 

439
00:23:11,550 --> 00:23:13,800
know, this was the first NFT 
bull, right? 

440
00:23:14,030 --> 00:23:17,000
I think I was about to say the 
exact same thing like this 

441
00:23:17,010 --> 00:23:19,090
happened when railroads were 
invented. 

442
00:23:19,100 --> 00:23:21,310
This happened when any 
technology, new technology is 

443
00:23:21,320 --> 00:23:23,340
invented. 
Like it's a combination of 

444
00:23:23,410 --> 00:23:27,340
available capital and over 
enthusiasm about the future 

445
00:23:27,350 --> 00:23:29,320
impact of the of a certain 
technology. 

446
00:23:29,370 --> 00:23:33,820
Stuff always goes crazy and then
and then it goes through like a 

447
00:23:33,830 --> 00:23:37,880
kind of disillusionment slash 
bottom of the of the valley 

448
00:23:37,890 --> 00:23:40,350
phase and then it comes back to 
be something useful and I think 

449
00:23:40,360 --> 00:23:42,540
we will see that. 
Yeah, but they don't. 

450
00:23:42,550 --> 00:23:45,550
See also when you do these NFT 
stats, is that all the NFM 

451
00:23:45,560 --> 00:23:47,610
efforts now treating friend tax 
so you could argue? 

452
00:23:48,260 --> 00:23:50,850
Out of the NFT people their 
money is being used on frantic. 

453
00:23:50,860 --> 00:23:54,490
How much of them, those millions
of volume is attributed to NFT 

454
00:23:54,500 --> 00:23:58,430
people or shitcoins and stuff. 
So obviously like I haven't seen

455
00:23:58,440 --> 00:24:01,170
my personal behaviour shifted 
towards me and cornered corners 

456
00:24:01,180 --> 00:24:04,010
for a very long time at some 
point and then towards some 

457
00:24:04,020 --> 00:24:06,350
friend tech. 
And obviously I'm not buying NFT

458
00:24:06,500 --> 00:24:08,830
or if I'm buying NFTS I'm 
looking maybe one day to add 

459
00:24:08,840 --> 00:24:10,770
another punk or like to add some
stuff. 

460
00:24:10,780 --> 00:24:13,550
But short term it's like, I'm 
like, what can I do with that 

461
00:24:13,960 --> 00:24:18,310
10/20/30 Fifty 100 E? 
Versus like holding the earth 

462
00:24:18,320 --> 00:24:22,050
versus trying to you know, 
versus trying to you know go 

463
00:24:22,060 --> 00:24:23,350
into other investments and 
whatnot. 

464
00:24:23,360 --> 00:24:25,910
So it's normal. 
I don't think it's, I think it's

465
00:24:25,920 --> 00:24:29,140
pretty much expected and there's
definitely going to be a lot 

466
00:24:29,190 --> 00:24:32,770
more pain or such like crab or 
like you know sort of like that 

467
00:24:32,840 --> 00:24:35,570
impatience feeling in the NFT 
market. 

468
00:24:35,880 --> 00:24:38,750
You know it's going to be 
frustrating when for a lot of 

469
00:24:38,760 --> 00:24:42,390
people in that were deeper NFT's
when Bitcoin and crypto in 

470
00:24:42,400 --> 00:24:45,670
general starts rallying. 
Perhaps Q1 of 2024. 

471
00:24:45,680 --> 00:24:48,410
Maybe I'm wrong or maybe 2. 
Between then you see that not 

472
00:24:48,420 --> 00:24:51,010
all your NFT's are rallying. 
It's gonna we're gonna get to 

473
00:24:51,020 --> 00:24:53,050
that too. 
I don't, I think NFT pain. 

474
00:24:53,850 --> 00:24:55,640
What do you think just NFT 
market we're still in for a 

475
00:24:55,650 --> 00:24:58,860
little bit in terms of like? 
We need crypto reverse. 

476
00:24:59,250 --> 00:25:04,210
We really need to be changed. 
But Speaking of friends, we 

477
00:25:04,220 --> 00:25:06,220
should go to the next topic, 
which is what's been going on in

478
00:25:06,230 --> 00:25:09,380
contact. 
And as you said, everything's 

479
00:25:09,390 --> 00:25:16,300
down like 50% it is. 
It is part of that 33 narrative 

480
00:25:16,310 --> 00:25:18,620
coming out, but then there was 
quite a lot of thought of of 

481
00:25:18,690 --> 00:25:23,980
overnight there was. 
There was one tweet or whatever 

482
00:25:23,990 --> 00:25:28,070
you post by OX not gonna make 
it, pointing out the security 

483
00:25:28,080 --> 00:25:32,170
flaws of French tech. 
There was a recent hack on 

484
00:25:32,180 --> 00:25:37,030
balance on their DNS hack on 
their front end and he's 

485
00:25:37,040 --> 00:25:40,090
basically saying if that was to 
happen to French, it could be 

486
00:25:40,100 --> 00:25:43,220
really bad. 
Basically take control of your 

487
00:25:43,230 --> 00:25:46,770
accounts and remember they you 
set up your they set up their 

488
00:25:46,780 --> 00:25:48,160
own wallet. 
So it's kind of similar to like 

489
00:25:48,170 --> 00:25:54,300
a discord bot or a telegram bot 
where they have the private 

490
00:25:54,310 --> 00:25:58,490
keys. 
So it can be. 

491
00:25:58,540 --> 00:26:00,840
Just be aware of that, like 
maybe you don't have your life 

492
00:26:00,850 --> 00:26:02,960
savings on your friend's 
account, so you know what I 

493
00:26:02,970 --> 00:26:04,970
mean. 
Yeah well should we be taking 

494
00:26:04,980 --> 00:26:08,450
some off like cuz I made a 
considerable my money on the 

495
00:26:08,460 --> 00:26:11,070
fees right? 
Like should you be like out of 

496
00:26:11,080 --> 00:26:13,210
precautions? 
Unless you're gonna do 3/3. 

497
00:26:15,230 --> 00:26:17,490
Well, you do through the 
entirety of your feet. 

498
00:26:18,510 --> 00:26:23,600
You spent 173 three. 
I think I spent the majority of 

499
00:26:23,610 --> 00:26:25,510
it at the time, yeah, obviously 
I didn't. 

500
00:26:25,520 --> 00:26:29,370
I I've, I've got, I've got fees 
now, but the. 

501
00:26:30,350 --> 00:26:33,920
Yeah I think just be aware of it
like it's like a it's like a 

502
00:26:33,930 --> 00:26:38,540
uniball or banana bar or I mean 
we just saw one that the non bot

503
00:26:38,730 --> 00:26:41,880
got hacked right. 
Like these things are their own 

504
00:26:41,890 --> 00:26:44,100
private keys. 
So you have to be careful about 

505
00:26:44,110 --> 00:26:47,850
putting lots and lots of because
people will actively be trying 

506
00:26:47,860 --> 00:26:49,340
to come for it. 
That was one. 

507
00:26:49,530 --> 00:26:51,330
Second thing is there are a 
number of different sectors 

508
00:26:51,340 --> 00:26:53,420
coming out. 
I think Hunter Hunter Solar, he 

509
00:26:53,430 --> 00:26:57,080
put out a good tweet today, 
maybe should bring up him. 

510
00:26:57,470 --> 00:26:58,560
Him. 
OK, let me see. 

511
00:27:01,120 --> 00:27:03,900
I think he did a good one of all
the different competitors which 

512
00:27:03,910 --> 00:27:07,280
are coming out. 
Friend tech, here we go. 

513
00:27:07,430 --> 00:27:10,440
Yeah, there we go. 
There's one on Bitcoin. 

514
00:27:11,730 --> 00:27:14,240
When I was using, there's one 
Solana. 

515
00:27:17,040 --> 00:27:22,640
Yeah. 
Yeah, it's crazy. 

516
00:27:22,650 --> 00:27:25,220
They're all classes and people 
are saying particularly this 

517
00:27:25,230 --> 00:27:28,240
this third one, this post tech 
on Arbitrium which is mixture 

518
00:27:28,250 --> 00:27:30,020
between like Twitter and friend 
tech. 

519
00:27:32,020 --> 00:27:34,630
Point by post on their platform,
tagging them on X, invite some 

520
00:27:34,640 --> 00:27:36,350
friends trading or holding 
shares. 

521
00:27:37,080 --> 00:27:39,670
And then you get paid a 
proportion of like 100K per per 

522
00:27:39,680 --> 00:27:41,790
week. 
But what you're seeing here is, 

523
00:27:41,840 --> 00:27:46,150
is a tax on the model. 
We've seen a couple of these 

524
00:27:46,160 --> 00:27:50,830
already fail before. 
My view is it's a little bit 

525
00:27:50,840 --> 00:27:54,430
early to vampire attack. 
I think people recognise that 

526
00:27:54,440 --> 00:27:57,330
it's beneficial for everyone to 
be kind of on the same platform.

527
00:27:57,520 --> 00:27:59,890
So it's almost like doing a 
threads, you know, like. 

528
00:28:00,600 --> 00:28:03,470
Unless it gets critical mass of 
people going, no one really 

529
00:28:03,480 --> 00:28:07,350
wants to go. 
But what I do think is that this

530
00:28:07,360 --> 00:28:09,990
could force the hand of 
friendship to reduce the fees. 

531
00:28:10,260 --> 00:28:13,240
Like suddenly if it becomes a 
more competitive landscape and 

532
00:28:13,250 --> 00:28:17,930
you produce a pretty similar 
sort of vampire to friend tech, 

533
00:28:18,200 --> 00:28:22,150
I think these this 10% fees are 
now is going to be it's going to

534
00:28:22,160 --> 00:28:24,490
be challenged. 
So it will be interesting to see

535
00:28:24,500 --> 00:28:28,950
if they keep that up in. 
I think the one thing they have 

536
00:28:28,960 --> 00:28:31,940
going for them is that like the 
private chats are good in terms 

537
00:28:31,950 --> 00:28:36,890
of it's way less spammable than 
like a feed like a lot of the 

538
00:28:36,900 --> 00:28:39,810
other ones are more feed based 
which just like. 

539
00:28:40,300 --> 00:28:43,030
You don't want that. 
Yeah, I totally agree. 

540
00:28:44,330 --> 00:28:48,460
But yeah, if it kind of reduces 
fees, then I think that's great 

541
00:28:48,470 --> 00:28:53,910
for users as we presented what. 
Users or traders? 

542
00:28:54,900 --> 00:28:58,850
That's so paying less if anybody
paying. 

543
00:28:58,860 --> 00:29:01,900
Less over here all over again. 
Blur came in open sea. 

544
00:29:01,910 --> 00:29:05,590
Lord Fees NFT went to 0. 
I think they need to have 

545
00:29:05,600 --> 00:29:07,400
royalties. 
The only reason people are 

546
00:29:07,410 --> 00:29:10,530
royalty platforms? 
Such a perfect example of why 

547
00:29:10,540 --> 00:29:15,630
royalties were the fucking the 
the technological innovation 

548
00:29:15,640 --> 00:29:17,830
here is that people are 
incentive driven. 

549
00:29:17,940 --> 00:29:19,780
Like if you take away the 
incentive structure, use the 

550
00:29:19,790 --> 00:29:23,410
platform, the actual content, 
the value bit of it, and you 

551
00:29:23,420 --> 00:29:27,470
just turn it into another 
altcoin trading house, then 

552
00:29:27,560 --> 00:29:29,450
there's no real value of the 
product. 

553
00:29:29,500 --> 00:29:32,980
So. 
Or at least has no incentive to 

554
00:29:32,990 --> 00:29:36,380
keep that value of the product. 
And that's why I think NFT's run

555
00:29:36,390 --> 00:29:40,100
in a tough spot. 
But yeah, I think, I think we 

556
00:29:40,110 --> 00:29:43,760
need to keep the creativity. 
Or at least you're gonna reduce 

557
00:29:43,770 --> 00:29:46,510
it proportionally, make it less 
on the courtesy. 

558
00:29:47,480 --> 00:29:49,970
Yeah, because if if you remove 
the creator fee, then creators 

559
00:29:49,980 --> 00:29:52,050
obviously have less of an 
incentive to like being on there

560
00:29:52,100 --> 00:29:54,180
on both ways, on the buy on the 
South side. 

561
00:29:54,360 --> 00:29:57,490
And then maybe, let's be honest,
like a lot of it's driven by 

562
00:29:57,720 --> 00:29:59,530
monetary value, right? 
A lot of people spend time on 

563
00:29:59,540 --> 00:30:02,230
there, they're making bank. 
Like I think a lot of people 

564
00:30:02,240 --> 00:30:04,470
wouldn't be on it on this 
because if you want to not make 

565
00:30:04,480 --> 00:30:07,070
money, you might as well be on 
Twitter or X. 

566
00:30:07,120 --> 00:30:08,920
So it's going to be interesting.
I do agree with you though, 

567
00:30:08,930 --> 00:30:10,530
Kelly. 
Like if you're going to, if you 

568
00:30:10,540 --> 00:30:12,770
if, if you're going to be, if 
you're gonna be like copy 

569
00:30:12,780 --> 00:30:15,650
pasting Twitter and just 
creating a feed, then there's 

570
00:30:15,740 --> 00:30:19,610
absolutely no point, no price. 
Whole thing, I don't get it on 

571
00:30:19,620 --> 00:30:22,750
Bitcoin question like strength. 
I mean the Bitcoin one, I also 

572
00:30:22,760 --> 00:30:25,610
agree with you man, looks like, 
I mean aren't like fees even 

573
00:30:25,620 --> 00:30:28,330
more important and expensive on 
on Bitcoin? 

574
00:30:28,340 --> 00:30:31,590
So that's that I could see a 
Solano clone, Arbitrium clone 

575
00:30:31,600 --> 00:30:33,970
sort of like pick up, you know 
because it's thermal tools and 

576
00:30:33,980 --> 00:30:35,580
it's kind of like that's how 
prediction based. 

577
00:30:36,970 --> 00:30:38,530
Yeah, he's allowed. 
They're only they're only 

578
00:30:38,540 --> 00:30:40,020
briefly high during that 
ordinance period. 

579
00:30:40,030 --> 00:30:44,290
But. 
Has has largely decreased so bit

580
00:30:44,300 --> 00:30:47,720
Bitcoin fees are are much lower.
Yeah, I mean we'll see. 

581
00:30:47,730 --> 00:30:51,230
The thing is, like I'm I, I 
would be wary if you're in the 

582
00:30:51,240 --> 00:30:54,960
audience, like putting like if 
they if your competitor comes 

583
00:30:54,970 --> 00:30:56,840
with a coin right away, stay 
away. 

584
00:30:57,800 --> 00:31:00,260
Because that means that they're 
using their token in order to 

585
00:31:00,270 --> 00:31:04,480
drive mass value to it right 
away to lure you into it and 

586
00:31:04,490 --> 00:31:07,490
therefore the whole platforms 
success will depend on that 

587
00:31:07,500 --> 00:31:10,650
token so it's going to go to 0 
eventually. 

588
00:31:11,040 --> 00:31:13,590
I think the dangling the carrot 
thing is what's worked very 

589
00:31:13,600 --> 00:31:16,030
early from France which by the 
way tomorrow's like you know 

590
00:31:16,040 --> 00:31:19,670
points day again and everything 
so there's that So you know I I 

591
00:31:19,680 --> 00:31:22,160
I got remember it was like what 
the shares thing whatever a few 

592
00:31:22,170 --> 00:31:24,530
weeks ago they had a shit coin 
it was time for I was like ohh 

593
00:31:24,540 --> 00:31:27,330
French competitor narrative 
people were fighting frantic let

594
00:31:27,340 --> 00:31:29,460
me just buy something. 
To see if it works. 

595
00:31:29,470 --> 00:31:32,240
No, it wasn't zero within six 
hours or 12 hours. 

596
00:31:32,250 --> 00:31:33,880
I don't even know. 
But I I definitely lost. 

597
00:31:33,890 --> 00:31:36,880
I I definitely was on my money 
within that day and whatever, 

598
00:31:36,890 --> 00:31:39,550
right? 
But it it I would, I would be be

599
00:31:39,560 --> 00:31:41,140
wary of him. 
Obviously be curious. 

600
00:31:41,150 --> 00:31:43,160
But they have to be wary of 
competitors because everybody 

601
00:31:43,170 --> 00:31:45,590
thinks they can come and redo it
and like it doesn't mean they're

602
00:31:45,600 --> 00:31:47,140
going to make it happen. 
You know what's funny? 

603
00:31:47,190 --> 00:31:50,560
Speaking of that, like I was 
thinking so deeply last night 

604
00:31:50,630 --> 00:31:54,440
and we can maybe maybe we can 
riff about it another time. 

605
00:31:54,450 --> 00:31:58,720
But I saw like all these the the
chatter about PFP's and their 

606
00:31:58,730 --> 00:32:00,890
floors and whatnot. 
It made me kind of like chuckle 

607
00:32:00,900 --> 00:32:02,730
because I was like everybody 
thought they could build the 

608
00:32:02,740 --> 00:32:06,600
board of your club and looking 
back at it, absolutely nobody. 

609
00:32:07,340 --> 00:32:10,670
Copied the boarding Yacht Club 
like a lot of people, even in 

610
00:32:10,680 --> 00:32:15,050
chats, were like, yo, Gordon guy
and Gordon like get those guys, 

611
00:32:15,060 --> 00:32:16,910
they I could build a board of 
young club. 

612
00:32:16,920 --> 00:32:19,200
I could build a PFP company at 
the end of the day. 

613
00:32:21,810 --> 00:32:25,860
There's nothing. 
Aside from Luca, that's killing 

614
00:32:25,870 --> 00:32:26,740
it. 
And the ones that we talked 

615
00:32:26,750 --> 00:32:28,490
about often, but there's much 
more substance. 

616
00:32:28,500 --> 00:32:30,840
All the PFP collections that I 
thought they were gonna be the 

617
00:32:30,850 --> 00:32:34,140
next 40 PR club don't have or 
even close and we'll never 

618
00:32:34,150 --> 00:32:36,010
become that. 
So anyways, my take on the 

619
00:32:36,020 --> 00:32:38,010
frantic stuff, I don't know if 
you guys, anything to add before

620
00:32:38,020 --> 00:32:40,070
I go on to Dally because that's 
you. 

621
00:32:40,080 --> 00:32:42,730
You know your Dolly stuff, man. 
What's happening on the I front?

622
00:32:43,980 --> 00:32:49,870
Yes, Dolly 3 now. 
Three years out and this is 

623
00:32:50,260 --> 00:32:53,350
remember everyone was went nuts 
for Darling Two. 

624
00:32:53,530 --> 00:32:56,190
We've also had stable diffusion 
which had another upgrade 

625
00:32:56,200 --> 00:32:57,890
recently. 
But daily 3 is going to be a 

626
00:32:57,900 --> 00:33:01,560
mixture between. 
Basically this is obviously by 

627
00:33:01,570 --> 00:33:03,200
Open AI. 
This is the company that's also 

628
00:33:03,210 --> 00:33:08,820
behind. 
ChatGPT, and it's basically 

629
00:33:08,830 --> 00:33:12,170
going to give you a. 
Allow you to do kind of chat. 

630
00:33:12,220 --> 00:33:16,540
GPT style prompts for image 
creation. 

631
00:33:17,390 --> 00:33:21,900
So I haven't. 
I've yet to use it, but this 

632
00:33:21,970 --> 00:33:24,920
this feels like it could be a 
very big upgrade if they are 

633
00:33:24,930 --> 00:33:30,930
allowing people to. 
I think the the big upgrade for 

634
00:33:30,940 --> 00:33:36,330
for our ChatGPT is its ability 
to understand perhaps the 

635
00:33:36,340 --> 00:33:40,990
concept that you're trying to 
get across far better than other

636
00:33:41,990 --> 00:33:46,730
alms have before like you can 
give it a prompt and it really 

637
00:33:46,740 --> 00:33:49,270
does kind of get to the heart of
what you're trying to say. 

638
00:33:49,360 --> 00:33:52,550
And I think that's the that's 
maybe a big step forward for for

639
00:33:52,560 --> 00:33:55,530
Dolly and for general in 
general. 

640
00:33:55,540 --> 00:33:57,670
So I think it's going to be, 
it's going to be interesting to 

641
00:33:57,680 --> 00:34:00,740
see that this, this obviously. 
By Open AI and stable diffusion 

642
00:34:00,750 --> 00:34:04,000
seemed to be the top two. 
Stable diffusion interestingly 

643
00:34:04,010 --> 00:34:06,520
had been. 
I think most people were using 

644
00:34:06,530 --> 00:34:10,489
that more than Daley recently 
just because the quality had 

645
00:34:10,500 --> 00:34:14,080
been better. 
When you speak to AI articles, I

646
00:34:14,090 --> 00:34:17,360
think a lot of them were using 
stable diffusion that maybe this

647
00:34:17,370 --> 00:34:20,179
now means people shift back 
towards Dalai. 

648
00:34:20,900 --> 00:34:22,179
Yeah, interesting. 
It's true. 

649
00:34:22,190 --> 00:34:24,380
Most people around us at some 
point, it was Daley was the big 

650
00:34:24,389 --> 00:34:25,380
thing. 
I remember everyone was like 

651
00:34:25,389 --> 00:34:27,940
trying to use Dally or trying to
get into the to the. 

652
00:34:27,949 --> 00:34:29,500
It was like gated at first, 
right. 

653
00:34:29,590 --> 00:34:30,909
It'll get accepted and 
everything. 

654
00:34:30,920 --> 00:34:33,120
And then they went to stable 
division, but it says you open 

655
00:34:33,130 --> 00:34:35,120
the eyes. 
Dolly Three is an art generator.

656
00:34:35,130 --> 00:34:39,320
Power by ChatGPT Open Air has 
launched Dolly Three which uses 

657
00:34:39,330 --> 00:34:42,139
Chachi PT to take the pain out 
of prompting. 

658
00:34:42,150 --> 00:34:46,600
Now you can modify artwork by 
simply talking to the chat bot. 

659
00:34:46,650 --> 00:34:50,400
Have you guys create any art 
using using Dolly at all? 

660
00:34:50,469 --> 00:34:52,020
I have never. 
Actually try it. 

661
00:34:52,719 --> 00:34:56,489
I used Mid Journey which is like
a Discord based similar thing. 

662
00:34:57,080 --> 00:34:59,670
So I think this is better than 
it's like web-based and it's 

663
00:35:00,220 --> 00:35:02,910
functional with TPT it's much 
easier to use, et cetera, et 

664
00:35:02,920 --> 00:35:06,770
cetera. 
It's cool, it's novel, but for 

665
00:35:06,780 --> 00:35:13,510
like I don't a lot of these. 
I struggle to find like very 

666
00:35:13,520 --> 00:35:15,590
clear use cases. 
But maybe that's because I'm not

667
00:35:15,600 --> 00:35:20,850
in kind of art or graphic design
or generating images or 

668
00:35:20,860 --> 00:35:23,700
whatever. 
It's like. 

669
00:35:23,830 --> 00:35:26,480
And I think you saw this with 
Open AI and that the interests 

670
00:35:26,490 --> 00:35:29,030
massively spiked. 
And since that initial spike, 

671
00:35:29,040 --> 00:35:31,800
it's basically tailed off. 
Like everyone used it in that 

672
00:35:31,810 --> 00:35:34,680
first couple of weeks to create 
a poem in the style of like 

673
00:35:34,750 --> 00:35:37,220
Snoop Dogg mixed with Charles 
Dickens. 

674
00:35:37,230 --> 00:35:40,200
And like, it was really fun. 
And then you sent it to your mum

675
00:35:40,210 --> 00:35:42,780
and dad and all this stuff. 
And then since then, I've not 

676
00:35:42,790 --> 00:35:46,040
really like. 
I've not used it as much, but 

677
00:35:46,050 --> 00:35:48,520
also total usage and total 
interest and amount. 

678
00:35:48,530 --> 00:35:51,090
It's been googled and every 
metric you could think of is 

679
00:35:51,100 --> 00:35:54,100
basically been dwindling lower. 
Kind of like a shitcoin chart, 

680
00:35:54,170 --> 00:35:58,380
but something different. 
He's actually right. 

681
00:35:58,630 --> 00:36:03,630
Maybe this might be the same, I 
don't know, but I guess it's 

682
00:36:03,640 --> 00:36:06,370
fun. 
I guess it's fun. 

683
00:36:06,460 --> 00:36:09,180
I like that. 
I I'd never really say I tried 

684
00:36:09,190 --> 00:36:11,390
it 2-3 times. 
I was like, OK, that's cool, but

685
00:36:11,490 --> 00:36:13,390
I don't know, this is like, for 
now, Google. 

686
00:36:13,400 --> 00:36:16,600
Still do a lot recently. 
Increasingly people are using 

687
00:36:16,610 --> 00:36:18,930
the tech, but they're using it 
in their own applications. 

688
00:36:18,990 --> 00:36:21,810
So like you're, you're going to 
start using this sort of these 

689
00:36:21,820 --> 00:36:23,860
sort of models without realising
you're using it, rather than 

690
00:36:23,870 --> 00:36:25,800
just going on to their website. 
It's like, right? 

691
00:36:25,810 --> 00:36:29,230
It's going to be integrated into
this app or this? 

692
00:36:29,670 --> 00:36:31,100
App. 
Like Google did. 

693
00:36:31,110 --> 00:36:32,380
That. 
Yeah. 

694
00:36:33,120 --> 00:36:34,260
So we did that with the 
creative. 

695
00:36:35,710 --> 00:36:39,600
So though usage has gone down by
those metrics, other metrics say

696
00:36:39,610 --> 00:36:43,020
it's gone up massively because 
it's now been put in a bunch of 

697
00:36:43,030 --> 00:36:45,100
different applications. 
That may mean that you just use 

698
00:36:45,110 --> 00:36:46,280
it, but you're using it 
seamlessly. 

699
00:36:48,430 --> 00:36:50,340
Like if you Google that makes 
sense we. 

700
00:36:50,560 --> 00:36:53,820
Often gives you give you. 
Mine has like a chat to PT 

701
00:36:53,830 --> 00:36:57,030
thing, and whenever I'm on when 
I'm using Google Docs now, it 

702
00:36:57,040 --> 00:36:59,180
does stuff like that. 
You're just using this sort of 

703
00:36:59,190 --> 00:37:00,500
stuff now. 
You didn't realise you were 

704
00:37:00,510 --> 00:37:02,680
using it rather than having to 
log on to the chat. 

705
00:37:03,490 --> 00:37:07,010
The JPT website to use it, I 
only use archives. 

706
00:37:08,010 --> 00:37:09,470
It's it's probably gonna be 
like. 

707
00:37:11,590 --> 00:37:14,520
I don't use either, actually not
used. 

708
00:37:14,890 --> 00:37:17,450
I intend that and I had a bad 
experience. 

709
00:37:18,360 --> 00:37:20,480
Ohh, so you don't use Google 
because you had a bad 

710
00:37:20,490 --> 00:37:22,040
experience? 
No, I just. 

711
00:37:22,630 --> 00:37:25,870
And it's an evil company. 
But they should definitely. 

712
00:37:25,880 --> 00:37:27,070
Maybe. 
Well, hold. 

713
00:37:27,080 --> 00:37:31,110
Hold on, hold on, hold on. 
Well, I I know we gotta go to 

714
00:37:31,120 --> 00:37:34,010
unveil art and. 
What do they do to you? 

715
00:37:34,460 --> 00:37:36,480
What? 
What did I don't think people 

716
00:37:36,490 --> 00:37:40,850
understand the like how the 
Google model works in terms of 

717
00:37:40,860 --> 00:37:44,210
monetizing people's like 
attention and eyeballs and 

718
00:37:44,260 --> 00:37:47,270
search results and stuff like 
that fully. 

719
00:37:47,400 --> 00:37:49,250
Hmm. 
But if they want to sponsor the 

720
00:37:49,260 --> 00:37:50,910
show and right their wrongs, 
then that's fine. 

721
00:37:51,580 --> 00:37:55,450
Ohh yeah, let's go. 
I love that. 

722
00:37:55,520 --> 00:37:57,330
I love that. 
That's that was so good. 

723
00:37:57,340 --> 00:38:00,550
Yes, Google or Alphabet if you 
want to sponsor the show. 

724
00:38:00,640 --> 00:38:03,790
Holly would like you again. 
Alright so so so do something 

725
00:38:03,860 --> 00:38:07,350
and and and and figure it out on
that front. 

726
00:38:07,360 --> 00:38:10,530
But yeah, look we'll see these 
vestments of of AI and whatnot. 

727
00:38:10,540 --> 00:38:13,820
I just. 
I just love seeing default cows.

728
00:38:13,830 --> 00:38:16,600
Opinions are his own and not of 
the shows, no. 

729
00:38:20,200 --> 00:38:23,780
We can opinions on. 
A ticket that goes below it 

730
00:38:23,950 --> 00:38:28,060
every single time we speaks. 
Ohh, I'm good now look, my bio 

731
00:38:28,070 --> 00:38:31,960
says opinions are my own. 
Now you see it, opinions are my 

732
00:38:31,970 --> 00:38:33,800
own. 
My my bio says this. 

733
00:38:35,710 --> 00:38:38,210
Yeah, better versus just created
Metaverse. 

734
00:38:38,220 --> 00:38:40,550
Just reply Google, please 
sponsor. 

735
00:38:42,120 --> 00:38:45,430
When we asked GPT or barred how 
to get a sponsorship from Google

736
00:38:45,440 --> 00:38:48,470
for the morning show. 
You know, hey Bart, tell me how 

737
00:38:48,480 --> 00:38:50,990
do I get sponsored by Google for
the morning show. 

738
00:38:51,140 --> 00:38:52,310
And. 
And we'll see. 

739
00:38:52,320 --> 00:38:53,950
We'll see. 
We'll see what happens on that 

740
00:38:53,960 --> 00:38:55,550
front. 
So maybe hey, you know, shoot 

741
00:38:55,560 --> 00:38:57,160
your shot, shoot your shot 
anyways. 

742
00:38:58,240 --> 00:39:00,390
Well, exactly. 
We'll see what happens. 

743
00:39:00,400 --> 00:39:03,620
Anyways, we have some guests 
today for for the end of this 

744
00:39:03,630 --> 00:39:05,950
show. 
Some friends of ours unveil 

745
00:39:06,000 --> 00:39:09,750
their art and of course, I mean,
come on, Dave Krugman. 

746
00:39:09,760 --> 00:39:11,930
Dave, good morning. 
How are you doing today? 

747
00:39:14,580 --> 00:39:16,530
Paperwork. 
Good morning, man. 

748
00:39:16,540 --> 00:39:19,500
How you doing? 
Yo-yo yo-yo, what's up y'all? 

749
00:39:21,080 --> 00:39:22,240
Yeah, not too bad. 
I'm very good. 

750
00:39:22,250 --> 00:39:25,850
Thanks for for this opportunity 
and yeah, let me let me just 

751
00:39:25,940 --> 00:39:28,850
take it from here and explain a 
little bit why we got on your 

752
00:39:28,980 --> 00:39:32,990
show and and things of all thank
you for for organising this and 

753
00:39:33,000 --> 00:39:38,730
and doing what you do. 
So Unveil is really a platform 

754
00:39:38,740 --> 00:39:42,890
that seeks to democratise the 
art photography industry and 

755
00:39:42,900 --> 00:39:48,170
with that I mean fine art. 
So basically what we see in the 

756
00:39:48,180 --> 00:39:50,710
art industry, which is quite an 
established world. 

757
00:39:51,040 --> 00:39:54,120
First of all, most artists 
really can't make a living 

758
00:39:54,130 --> 00:39:56,720
selling their work. 
So this was our first problem. 

759
00:39:56,730 --> 00:40:01,100
How do we solve this and how do 
we get give the the talent that 

760
00:40:01,150 --> 00:40:04,240
does need to have some sort of 
voice and some sort of 

761
00:40:04,420 --> 00:40:07,170
foundation to get seen. 
How do we give them that? 

762
00:40:07,570 --> 00:40:11,240
The second thing is we believe 
there's a new generation of 

763
00:40:11,250 --> 00:40:15,180
collectors that are not going to
galleries on a monthly basis, 

764
00:40:15,190 --> 00:40:16,660
right? 
They like to procure things 

765
00:40:16,670 --> 00:40:18,910
online. 
So the art industry is. 

766
00:40:19,640 --> 00:40:24,020
Ancient It's still in its 
mediaeval times, but we believe 

767
00:40:24,030 --> 00:40:27,960
that through a platform called 
Anvil we can democratise this 

768
00:40:27,970 --> 00:40:30,490
world. 
So we are actually now at in 

769
00:40:30,500 --> 00:40:33,330
Amsterdam in one of the biggest 
fares for photography where 

770
00:40:33,340 --> 00:40:39,170
inaugurating a drop with famous 
art photographers but also help 

771
00:40:39,680 --> 00:40:43,180
talented artist and and sort of 
have them piggyback along for 

772
00:40:43,190 --> 00:40:45,290
the ride. 
I love that. 

773
00:40:45,300 --> 00:40:47,490
Speaking of talented artists, I 
mean, you have very talented 

774
00:40:47,500 --> 00:40:50,050
artists. 
I was just with Dave in the in 

775
00:40:50,060 --> 00:40:51,940
Seoul. 
Dave Krugman, how are you doing 

776
00:40:53,410 --> 00:40:54,440
first? 
Question then. 

777
00:40:54,450 --> 00:40:56,500
Good. 
I'm actually about to take off 

778
00:40:56,510 --> 00:40:58,440
on my second connecting flight 
from Martha. 

779
00:40:58,810 --> 00:40:59,980
So very excited. 
I just. 

780
00:41:00,370 --> 00:41:01,720
I just walked. 
Past D. 

781
00:41:02,210 --> 00:41:06,350
No way. 
A lot of us are on this plane, 

782
00:41:06,580 --> 00:41:08,610
so sorry for there's ambient 
noise here. 

783
00:41:09,050 --> 00:41:14,960
You. 
But you. 

784
00:41:17,580 --> 00:41:18,950
Can you hear me? 
Yeah, we can. 

785
00:41:18,960 --> 00:41:21,960
We just, we we we we're getting 
the full, you know, rundown of 

786
00:41:21,970 --> 00:41:24,660
how the security measures on the
aeroplane right now. 

787
00:41:24,750 --> 00:41:27,200
Make sure you evacuate. 
So there's two doors on the the.

788
00:41:27,210 --> 00:41:29,400
I don't know what you're flying 
point and grayer, but there's 

789
00:41:29,410 --> 00:41:32,480
two doors on the side. 
Please follow the lights down 

790
00:41:32,490 --> 00:41:34,940
the alleyway. 
And please do not take your 

791
00:41:34,950 --> 00:41:37,620
personal belongings with you. 
I think I know by heart at this 

792
00:41:37,630 --> 00:41:40,660
stage. 
I think in there by heart. 

793
00:41:40,730 --> 00:41:43,740
You know I love that you know 
this probably so many NFT M 

794
00:41:43,750 --> 00:41:45,680
efforts on this man's flight 
right now. 

795
00:41:45,770 --> 00:41:49,200
I mean this is this is like this
is like a it's a it's everyone's

796
00:41:49,210 --> 00:41:52,140
out there it's this this next 
three days so excited to hear 

797
00:41:52,150 --> 00:41:53,760
what happens and comes out of 
Marfa. 

798
00:41:54,170 --> 00:41:56,730
Seems like he bumped into these 
everyone's flying through Paso 

799
00:41:56,740 --> 00:41:58,160
right and they have to drive for
a few hours. 

800
00:41:58,630 --> 00:41:59,590
No locks. 
He's on his way. 

801
00:41:59,600 --> 00:42:02,860
He's probably driving right now 
from Austin, TX, getting more 

802
00:42:02,870 --> 00:42:05,180
form already. 
But let me go back to you unveil

803
00:42:05,270 --> 00:42:08,480
and and maybe talk about like 
you know, you know, obviously 

804
00:42:08,490 --> 00:42:10,820
just presented your platform to 
us and you mostly focus on 

805
00:42:10,830 --> 00:42:12,960
photography and I know for a 
fact that you know you focus on 

806
00:42:12,970 --> 00:42:15,020
also. 
Digital and physical aspect with

807
00:42:15,030 --> 00:42:17,500
the prints and whatnot. 
So I kind of wanted to know like

808
00:42:17,560 --> 00:42:20,190
you know, what's what's like, 
what's it, what's new, right? 

809
00:42:20,200 --> 00:42:22,590
Like what? 
What's new, what's exciting, you

810
00:42:22,600 --> 00:42:25,290
know, with the, you know with 
with the, with the proposition 

811
00:42:25,300 --> 00:42:27,450
that you guys have for like the 
photography industry in general.

812
00:42:28,910 --> 00:42:31,260
Yeah, thanks. 
That's I think so there's, 

813
00:42:31,270 --> 00:42:33,480
there's two things. 
First of all, what we see is 

814
00:42:33,490 --> 00:42:37,760
obviously NFT's and blockchain 
technology that they can deliver

815
00:42:37,770 --> 00:42:42,190
up on a promise for 
democratisation, providing 

816
00:42:42,200 --> 00:42:44,940
provenance for for artists and 
for collectors. 

817
00:42:45,220 --> 00:42:47,990
But we think we shouldn't 
overshoot the whole NFT 

818
00:42:48,260 --> 00:42:50,310
proposition and technology in 
itself. 

819
00:42:50,380 --> 00:42:53,690
We always combine well we 
combine it with a physical 

820
00:42:53,700 --> 00:43:00,770
print, so the physical print 
could send can get sent to your 

821
00:43:00,780 --> 00:43:02,590
doorstep anywhere across the 
world. 

822
00:43:02,640 --> 00:43:06,750
And if you wish and choose to 
you can activate that artwork, 

823
00:43:06,800 --> 00:43:09,310
see it like sort of a Trojan 
horse where people get on 

824
00:43:09,320 --> 00:43:12,110
boarded onto the blockchain 
without them realising that 

825
00:43:12,120 --> 00:43:14,040
they're using it. 
And I think this is sort of the 

826
00:43:14,050 --> 00:43:19,290
key to unlock the masses is have
them use technology, but make 

827
00:43:19,300 --> 00:43:24,390
them incentivized to use it and 
and buy the product and that 

828
00:43:24,400 --> 00:43:27,490
needs to be front and centre. 
OK. 

829
00:43:27,500 --> 00:43:28,950
I love that and I totally agree 
with that. 

830
00:43:28,960 --> 00:43:30,510
It looks like you've got a good 
lineup. 

831
00:43:30,520 --> 00:43:31,750
What who else are you working 
with? 

832
00:43:31,760 --> 00:43:33,570
I mean, you've got Dave, I don't
know if it's public yet or 

833
00:43:33,580 --> 00:43:35,880
whatnot, but I know you got 
Dave, which is obviously loved 

834
00:43:35,890 --> 00:43:36,590
these work. 
Yeah. 

835
00:43:36,640 --> 00:43:38,710
But is there any other 
photographers that you've got 

836
00:43:38,720 --> 00:43:41,280
that managed to to to bring on 
to that? 

837
00:43:42,370 --> 00:43:44,360
Yeah, definitely. 
So we're working with world 

838
00:43:44,370 --> 00:43:47,480
class photographers. 
We are obviously represented by 

839
00:43:47,490 --> 00:43:50,820
Dave and his team. 
We're supporting us. 

840
00:43:51,030 --> 00:43:54,150
We have the director of 
Sotheby's who for photography 

841
00:43:54,160 --> 00:43:58,170
and Emilia who's backing us and 
we work with really the 

842
00:43:58,180 --> 00:43:59,780
established people in the fine 
art world. 

843
00:43:59,790 --> 00:44:03,850
So if you go to 
unveilbaradditions.com, I think 

844
00:44:03,860 --> 00:44:06,240
it's shared. 
You'll see some of the the names

845
00:44:06,250 --> 00:44:10,640
that we work with for this drop.
The idea is to do a drop every 

846
00:44:10,650 --> 00:44:14,460
month and then have a different 
theme for each drop, which is 

847
00:44:14,470 --> 00:44:17,600
limited by time. 
So some of the artists that we 

848
00:44:17,610 --> 00:44:22,050
represent now are one of them. 
A Boy Scout founder Mola, she's,

849
00:44:22,880 --> 00:44:25,980
she actually published the best,
the best photography book in the

850
00:44:25,990 --> 00:44:29,170
world I think in 2016. 
So a very recognised name. 

851
00:44:29,240 --> 00:44:31,250
I heard you guys talk about AI 
before. 

852
00:44:31,360 --> 00:44:34,990
There's another guy who is 
almost Aldorf, he works in 

853
00:44:35,000 --> 00:44:39,150
combines his photography skills 
with interpretations of AI. 

854
00:44:39,220 --> 00:44:44,190
So he has in this edition, he 
has like beautiful flowers that 

855
00:44:44,200 --> 00:44:48,080
are reinterpreted by an eye. 
Two which are then flowers then 

856
00:44:48,090 --> 00:44:50,530
turned into the flower actually 
becomes sort of attire. 

857
00:44:50,600 --> 00:44:53,870
You can see those or actually 
white duct tape. 

858
00:44:54,500 --> 00:44:58,670
But everything is interpreted in
a way which which represents the

859
00:44:58,680 --> 00:45:01,520
theme and we ship across the 
world to Farooq. 

860
00:45:01,530 --> 00:45:04,850
So, yeah, that's that's sort of 
what we do. 

861
00:45:05,220 --> 00:45:06,870
This is really cool. 
I've bought a bunch of 

862
00:45:06,880 --> 00:45:10,070
photography in the past and 
like, you know, like drafting, 

863
00:45:10,080 --> 00:45:11,690
but obviously you have a few 
trout. 

864
00:45:11,700 --> 00:45:12,690
Trout. 
They're the drip. 

865
00:45:12,700 --> 00:45:13,740
Sorry. 
Drips from day. 

866
00:45:13,810 --> 00:45:17,010
Also have the car one you know I
love I love my photography 

867
00:45:17,020 --> 00:45:19,140
collection when it comes to NFT 
so I like this I mean I'm going 

868
00:45:19,150 --> 00:45:22,140
through YouTube screen if you're
if you're on YouTube you know 

869
00:45:22,150 --> 00:45:24,050
I'm going through the website 
right now and you can see like 

870
00:45:24,060 --> 00:45:26,960
all the really cool like the 
branding is great obviously like

871
00:45:26,970 --> 00:45:29,410
you've seen like you have some 
big partners and and I I like 

872
00:45:29,420 --> 00:45:32,350
that you just focus on a niche 
like I I really think printed 

873
00:45:32,360 --> 00:45:34,350
photography is dope. 
I I think more people want to 

874
00:45:34,360 --> 00:45:37,030
buy art that's tied to physical 
here, so I I personally like to 

875
00:45:37,040 --> 00:45:42,200
do that myself at all times. 
But anyways can want to ask you 

876
00:45:42,210 --> 00:45:44,330
like how does the blockchain 
element? 

877
00:45:44,400 --> 00:45:46,420
Work with unveil right? 
Because it's mostly focused on 

878
00:45:46,430 --> 00:45:48,420
physical and like and try to 
art. 

879
00:45:48,430 --> 00:45:50,750
So how how do you guys, you know
implement like what three tech 

880
00:45:50,760 --> 00:45:54,570
into everything you're doing. 
Yeah so there's there's three 

881
00:45:54,580 --> 00:45:57,450
products that we have and it 
shouldn't be like the whole 

882
00:45:57,460 --> 00:46:00,050
proposition centres around the 
story of the artist. 

883
00:46:00,060 --> 00:46:03,970
So how can we sort of capture 
what the artist does, make him 

884
00:46:03,980 --> 00:46:07,520
tell his story through beautiful
visuals and and sort of have a 

885
00:46:07,530 --> 00:46:10,970
sort of museum experience but 
also have RP accessible. 

886
00:46:10,980 --> 00:46:15,290
So we we have art up which is 3 
products, the digital digital 

887
00:46:15,300 --> 00:46:18,550
edition Arts, which is an NFT's 
like everyone in the in the in 

888
00:46:18,560 --> 00:46:21,990
this space and will probably 
know represents digital work. 

889
00:46:22,000 --> 00:46:25,760
We have limited edition 
additional works which is what 

890
00:46:25,770 --> 00:46:29,160
you would see in a gallery, but 
then as opposed to going to a 

891
00:46:29,170 --> 00:46:32,040
gallery and procure it, you can 
go to our marketplace. 

892
00:46:32,170 --> 00:46:36,880
So these are more limited higher
end works which are more scarce 

893
00:46:36,950 --> 00:46:40,240
at a higher price point. 
And then we've got basically our

894
00:46:40,250 --> 00:46:44,900
main proposition which our line 
time limited prints which are an

895
00:46:44,910 --> 00:46:48,720
accessible price point because 
we want to have a new generation

896
00:46:48,730 --> 00:46:52,900
of buyers be able to to buy 
beautiful art they've haven't 

897
00:46:52,910 --> 00:46:55,490
done before. 
Then the blockchain element sits

898
00:46:55,500 --> 00:47:00,030
in the fact that when you buy 
your artwork, you get a QR code 

899
00:47:00,040 --> 00:47:04,920
attached on the work, you get 
your phone, you then scan the 

900
00:47:04,930 --> 00:47:07,350
work and then basically you can 
activate it at work, you get 

901
00:47:07,520 --> 00:47:12,230
collective privileges etcetera. 
But you also make the provenance

902
00:47:12,240 --> 00:47:14,530
immutable. 
So the moment you buy it, you 

903
00:47:14,540 --> 00:47:17,690
get a beautiful box sent to your
doorstep, but that allows you to

904
00:47:17,700 --> 00:47:20,360
also then offer it back on our 
marketplace. 

905
00:47:20,370 --> 00:47:24,030
So you can have a whole 
secondary sales market on our 

906
00:47:24,040 --> 00:47:28,100
marketplace for, for instance, 
if an artist is at the beginning

907
00:47:28,110 --> 00:47:31,820
of their career, you buy for, I 
don't know, $500.00, but then 

908
00:47:31,830 --> 00:47:33,720
they shoot off and become 
famous. 

909
00:47:34,250 --> 00:47:36,900
People can actually buy some of 
the initial works that you 

910
00:47:36,910 --> 00:47:40,080
bought because there's now a 
central repository which we we 

911
00:47:40,090 --> 00:47:43,620
refer to as the blockchain for 
work, which is not. 

912
00:47:43,690 --> 00:47:46,000
You cannot tamper with that. 
So that's how it works. 

913
00:47:47,440 --> 00:47:49,350
Start with unveil. 
You guys have like a whole 

914
00:47:49,360 --> 00:47:51,600
course like how to create 
collections Minton FT get 

915
00:47:51,610 --> 00:47:54,110
started as an artist. 
Then for collectors like what 

916
00:47:54,120 --> 00:47:56,210
happens if I want to sell my 
print in the future who prints 

917
00:47:56,220 --> 00:47:59,330
the print think this is cool. 
Like I I like these sort of 

918
00:47:59,340 --> 00:48:02,250
platforms that sort of you know 
educate the people. 

919
00:48:02,260 --> 00:48:05,140
And so my last question for you 
today, you know it's very just 

920
00:48:05,150 --> 00:48:07,990
like more more direct like you 
know how can our listeners 

921
00:48:08,000 --> 00:48:09,430
participate. 
Like if someone is interested in

922
00:48:09,440 --> 00:48:11,710
this right now. 
I see some photographers, I see 

923
00:48:11,720 --> 00:48:14,150
a lot of artists that listen to 
us in the morning shot to all 

924
00:48:14,160 --> 00:48:15,750
the artists listen. 
She has a bunch of y'all. 

925
00:48:16,060 --> 00:48:18,080
But how do how does you know? 
How can listeners? 

926
00:48:18,160 --> 00:48:21,130
Participate in unveiled dot art.
Yeah. 

927
00:48:21,140 --> 00:48:23,820
Well, First off, shout out to to
everyone listening to this. 

928
00:48:23,830 --> 00:48:27,860
And I'm by the way, this is not 
a way to promote the platform. 

929
00:48:27,870 --> 00:48:31,000
It's really about the artist. 
So we're just a facilitator here

930
00:48:31,010 --> 00:48:34,360
and we want to support every 
artist to make a living selling 

931
00:48:34,370 --> 00:48:36,560
their work. 
That's first and foremost. 

932
00:48:36,690 --> 00:48:39,500
If you want to participate, you 
can support these artists that 

933
00:48:39,510 --> 00:48:42,300
we represent. 
We actually have a very special 

934
00:48:43,110 --> 00:48:45,800
coupon. 
We're for rock radio listeners. 

935
00:48:46,430 --> 00:48:51,690
So if you use Rock Photography 
48 you actually get 48 hours of 

936
00:48:51,700 --> 00:48:55,830
discount for 1010% discount on 
any of the the total order value

937
00:48:55,880 --> 00:48:58,690
of the work that you buy. 
So you go to 

938
00:48:58,700 --> 00:49:02,700
unveilbareditions.com or just go
to unveil dot art and click on 

939
00:49:02,710 --> 00:49:06,390
the 1st chapter, the first 
chapters stillness and then use 

940
00:49:06,400 --> 00:49:09,100
the coupon at the end if you if 
you find something beautiful and

941
00:49:09,110 --> 00:49:12,330
we'll ship it to you. 
Oh, OK. 

942
00:49:12,340 --> 00:49:17,620
So Rug Radio 48 Rug Rug. 
Let me just check this here. 

943
00:49:17,630 --> 00:49:19,450
Photographer Sorry. 
Photography. 

944
00:49:19,460 --> 00:49:21,570
Yeah. 
Photography 48, All capital 

945
00:49:21,580 --> 00:49:24,810
letters. 
Rug Photography, RUG PH0T 0GR 

946
00:49:24,820 --> 00:49:31,290
PHY Ohh 4848 for 10% discount. 
40 hours on so check them out. 

947
00:49:31,520 --> 00:49:34,070
Good luck to Dave Krugman. 
Martha Titus, thank you so much 

948
00:49:34,080 --> 00:49:36,730
for coming in today. 
Thanks for thanks for your time.

949
00:49:36,740 --> 00:49:38,310
Appreciated. 
I appreciate you guys. 

950
00:49:39,380 --> 00:49:40,490
Hell yeah. 
I love. 

951
00:49:40,500 --> 00:49:42,490
I love photography. 
I got a whole bunch of that 

952
00:49:42,580 --> 00:49:44,950
that's you know when you when 
you think of NFT they're gonna 

953
00:49:45,040 --> 00:49:47,290
they're gonna probably do well 
in in the future. 

954
00:49:47,300 --> 00:49:49,250
I'm pretty confident with some 
of my photography collection. 

955
00:49:49,260 --> 00:49:52,370
I'm not gonna lie but I a whole 
lot of people have like all this

956
00:49:52,380 --> 00:49:55,070
fire Jen art collection actually
collected some cool photography 

957
00:49:55,080 --> 00:49:58,170
over the last bull so you know 
like drift like actually Dave 

958
00:49:58,180 --> 00:50:01,250
stuff things like that. 
I don't know you know we'll see 

959
00:50:01,320 --> 00:50:04,030
we'll see how that goes. 
But anyways boys I think that 

960
00:50:04,040 --> 00:50:06,590
wraps it for today's top five. 
One more tomorrow. 

961
00:50:06,660 --> 00:50:09,890
One more tomorrow. 
Big Friday, I hope you know. 

962
00:50:09,990 --> 00:50:13,420
That mando's right when he says 
that he believes we've touched 

963
00:50:13,470 --> 00:50:15,570
our local bottoms. 
You know, I'm definitely 

964
00:50:15,580 --> 00:50:21,060
positioned accordingly. 
And as usual, just a reminder, 

965
00:50:21,130 --> 00:50:24,660
this show is powered by cracking
NFT. 

966
00:50:24,670 --> 00:50:27,200
If you go to cracking dock, no 
rugby, sorry. 

967
00:50:27,210 --> 00:50:33,200
Yeah, this way around 
cracking.com kraken.com/rock 

968
00:50:33,210 --> 00:50:37,460
radio you will be able to check 
out what their platforms are 

969
00:50:37,470 --> 00:50:40,620
about and what they're up to, 
which is actually really, really

970
00:50:40,630 --> 00:50:42,230
close to. 
Shut the Kraken team will be 

971
00:50:42,240 --> 00:50:45,270
with them I think in Austin at 
the end of next month for the 

972
00:50:45,320 --> 00:50:48,480
F1, which when they're debuting 
the, you know the. 

973
00:50:49,260 --> 00:50:52,560
The NFT's on the back of the on 
the rear wing contest so should 

974
00:50:52,570 --> 00:50:53,890
be a lot of fun. 
Alright, boys. 

975
00:50:53,900 --> 00:50:56,670
So were you guys planning for 
the rest of the day Reviving. 

976
00:50:58,750 --> 00:51:01,520
Crushing it. 
That's the only way to be. 

977
00:51:01,910 --> 00:51:09,220
Mine is muted. 
Yeah, the window looking out 

978
00:51:09,230 --> 00:51:11,160
who, sadly. 
Beautiful. 

979
00:51:12,700 --> 00:51:15,510
Have postage for me guys. 
I've been having small Swiss 

980
00:51:15,520 --> 00:51:18,990
jumping to stop yo the chocolate
here is too good. 

981
00:51:19,000 --> 00:51:25,050
I was telling Callie before the 
show was like Oh my But dude, 

982
00:51:25,540 --> 00:51:28,310
even the randomised chocolate 
you get a random corner store is

983
00:51:28,320 --> 00:51:32,030
so bomb. 
Yeah, I know. 

984
00:51:32,040 --> 00:51:33,470
But you know I don't have a gym 
here. 

985
00:51:33,480 --> 00:51:35,780
So it's been it's been tough. 
I don't wanna you know, get get 

986
00:51:35,790 --> 00:51:37,750
too crazy over here especially 
before the wreck show. 

987
00:51:37,760 --> 00:51:40,100
You know, I gotta, I gotta, you 
know, I gotta look good for 

988
00:51:40,110 --> 00:51:42,640
that, right? 
Anyways, but. 

989
00:51:42,970 --> 00:51:44,300
Anyway. 
Pardon. 

990
00:51:45,010 --> 00:51:47,820
That's good for you. 
Yeah, it makes you happy. 

991
00:51:48,150 --> 00:51:50,190
Exactly. 
And if you're happy, you won't 

992
00:51:50,200 --> 00:51:52,800
gain weight. 
Exactly right. 

993
00:51:52,810 --> 00:51:54,360
So that that that's that's how 
it is. 

994
00:51:54,370 --> 00:51:56,000
But anyways it was that was a 
good one. 

995
00:51:56,010 --> 00:51:58,810
So that wraps up another episode
Gemma 3 on rock radio where he 

996
00:51:58,820 --> 00:52:01,480
saw tomorrow morning 10:30 AM 
Eastern Standard Time, 7:30 PM 

997
00:52:01,490 --> 00:52:03,760
Pacific Standard Time for 
another episode of Gemma 3. 

998
00:52:03,870 --> 00:52:06,910
Ohh radio and let's go.