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007 x DEW : Sunday Night Discussion and Learning Experience
Recorded: May 22, 2023 Duration: 0:59:21Space Recording
Full Transcription
All right, guys.
Well, we'll get started.
I know we got people that will be coming in here.
Welcome to the 007 Twitter space.
This is Leland the Hustle.
This space will be recorded, and we are super pumped tonight.
We've got Kang from Dew.
How does it do, my dude?
Oh, let's get you up here, bro.
That's my mistake.
Sorry about that.
No worries, man.
Hey, hey.
Hey.
Can you hear me?
Hey.
Hey, can you hear me now?
Yeah, there he is.
Oh, awesome.
Awesome.
Awesome.
Yeah.
Damn.
Damn.
Okay, awesome.
Yeah.
Thanks for having me, first of all.
Thanks for having me, first of all.
You're welcome, man.
Absolutely.
Awesome.
Yeah.
Let me briefly introduce myself.
I'm the co-founder of Dew.
I believe most of you guys heard about Dew.
And we are, like our mission and vision is trying to onboard as many traders and users from other chains, Polygon, and we are here to grow the Polygon ecosystem together with everyone.
Love it, man.
Today is a big day with Frank sweeping all the Matic projects, and I saw you guys had a bunch of volume, man. How's it feel?
Wow. It feels great, you know? I mean, thanks to Frank, you know, he sweep a lot of collections, you know, like within a few hours, and everyone in this space was, you know, super hyped, right? Everyone, you know, I guess, I think he sweep the Suki bits, right? The floor price jumped from, like, a dollar to eight dollars already. I mean, like, eight Matic's already. You know, it's crazy, man.
Oh, I love it.
Yeah, like, the Matic NFT ecosystem, I'm just so excited about it. Like, I come from Solana, you know, and, like, D-Gods was, like, the first, you know, project I really got into and kind of took me down the rabbit hole of NFTs.
And I got to see, you know, I wasn't there for the very beginning, but I got to see that space grow. And with all the partnerships on Matic, you know, with Polygon, like, I'm so, I'm so bullish about what's to come. Like, I feel like we're just getting started.
I agree. I agree. Well, I get, I kept telling my, my employees, you know, like, we, we think Frankie is one of the most influential person, you know, in the, in NFT space, right?
Especially on Solana and Polygon. He brought a lot of people from, you know, externally to either Solana or Polygon. Yeah. It's, I mean, like, everything is doing great.
Especially for the most recent days, the Polygon ecosystem, again, more specifically, NFT ecosystem is doing very well comparing with, for instance, Ethereum, right?
So the, most of the collections flow price, you know, like, they're flying, you know, like a, like a rocket, you know, it's super cool.
Yeah. And what, what inspired you to build this project on Polygon?
I'm sorry.
I was, I said, what, you know, what inspired you to work, to build this project on Polygon? And, you know, and how long have you guys been working on it?
Right. We started this project lately, last year. So I'm not sure if you guys, if you guys heard about X2Y2. So we have a connection with X2Y2 team.
And back to the time we, our team were, you know, constantly looking for, like, a very good idea to build an NFT marketplace, right? And also we were looking at different chains, right?
For instance, Solana and Ethereum. But after we're speaking with a lot of traders and also, you know, Polygon team, we found out that the Polygon NFT ecosystem is still in a very early stage, right?
I mean, by the meaning of the early stage means, like, a lot of people, I mean, we still need to get, they still need a lot of, like, different infrastructures to support the traders, right? For instance, the aggregator.
So, and we spent a lot of time to speak with the traders and the creators as well. So we thought, like, yeah, I mean, why don't we just build in, like, a different NFT aggregator on Polygon, right?
Because people need that. And this is obvious, like, unmet pinpoint, right? So that's how we started.
And it turns out, like, we are, our, like, our hypothesis is true. Because, you know, after we launched this aggregator, a lot of people, they spend less time and less gas fee by trading on through, right?
So, I mean, this is something, like, we love to see.
Yeah. Yeah. And that's, you know, I was kind of hoping you could give us, you know, kind of a rundown, like, on how the platform works.
You know, like, I understand you guys are an NFT marketplace aggregator. Could you kind of go into what that means and, you know, and what what do does?
Definitely. So, so far, within the, like, four to five weeks, we have aggregated most of the NFT marketplaces, right?
Like, for instance, OpenSea, Magic Eden. So, by the meaning of the aggregator, that means you can list and sweep NFTs across the platforms, right?
So, the benefit is going to be, one, you can see the lowest price across the platforms. And also, the less gas fee, because you can sweep and the list, like, up to 40 NFTs at the same time.
So, but you only have to pay one gas fee. And thirdly, which means, like, you, you can make more money, to be honest, right?
Because, I mean, like, you save a bunch of time, you save a bunch of money by trading on due, then, which means, you know, perhaps we can help you to save a beer, right?
So, this is happening to one of the conversations we're having in our Discord. Like, a guy, he said, like, he saved, like, dollars, you know, on one single transaction.
And he said, like, maybe after a year, he could save a car, right? I mean, I know, it's just a joke, but, so, it's really happening on Polygon ecosystem.
That's awesome, man. And, uh, and Be Chills, did you want to come up, man?
Hey, yo, uh, I'm, like, I'm down bad, because I was watching the Celtics, but I just want to come up and say, you are.
Yeah, Jimmy Butler, Jimmy Butler's cooking out there tonight, man. It's a bad, hard night to be a Celtics, man.
Yeah, I don't, I don't want to talk about it. I'm down bad.
Sorry, bro.
Did you, uh, do you have a question for, uh, for Kang, or just pop it in?
Just pop it in and want to say hi.
Cool, man. We'll appreciate you stopping out, brother.
And, yeah, and if anyone has any questions for Kang, um, just raise your hand. I'll get you up here.
Um, yeah, man.
So, so the aggregator, it allows NFT traders, you know, they can essentially sweep, you know, and they could get more volume of NFTs, kind of in, like, you know, in one transaction to save, to save gas.
And then, um, you know, allows them to do that simpler and, and with, you know, less fees. Is that, does that sound right?
Yeah, that's right. And, and one of the, another, um, important features is airdrop, right?
So, uh, for people who traded, uh, NFTs, um, on Polygon, Ethereum, Arbitron, and, uh, uh, BNB during the past 80 days, they will be qualified for our, uh, part of the airdrops, right?
And also for people who are trading on due, um, starting from now, they will get like another part of their jobs, right?
So this is another, uh, big, like a big chunk, like a chunk, a huge chunk of the profit you can earn, right?
Yeah. Yeah. I'm, uh, I'm super pumped about that.
Um, are these airdrops, like, is it set, is it set up in like a similar way as like what Blur is doing or, um, or is it set up, you know, how's your incentive structure set up?
Um, we do have a very clear, um, equation behind it, right? So for, for example, um, for every dollar you trade on due, an equivalent to, uh, one, uh, token airdrop point, right?
So this is something, um, you will receive when the specific, when a particular chapter ends, right?
So of the, and once you receive the airdrop points, then you'll, you'll be, you'll be at this point to, uh, redeem the airdrop boxes.
Okay. So we do have like a, uh, an equation behind it, but also, um, for example, if you traded the, um, collections having, um, like a rocket icon behind it, like besides the collection name, then you will receive like a 10% boost.
Okay. So we had, we have a different, um, programs, you know, to boost the, um, the token airdrops for traders.
That's cool, man. Um, so like, you know, so finding a project with that, with that rocket icon, like, could that be a project that has, um, like more volume going on right now or a project that's like maybe lower on volume than the previous day?
And it's a way to help increase trading volume.
It really depends, you know, um, so how we look at this program, I mean, like go out, the name of this program is called in partnership.
Okay. So, um, it's more like an agreement situation, for instance, like when we partner with some collections, um, both of their traders and the collection themselves, they will receive, uh, token airdrops, right?
So the only requirements is like, they have to, um, introduce our platforms to their holders and encourage them to trade as much, like as much as possible on do, right?
So when we say like, uh, when we, when we do our evaluation, you know, we more focusing on the potential of this project, right?
Uh, for instance, the, the stability of this project and also like what, what are their future plans?
Um, so that's, I mean, basically that's how we make the decision, um, for the partners.
Yeah, that's really cool.
Um, have you guys partnered with, uh, with any collections yet on, uh, on Polygon?
Yeah, yeah.
Well, definitely.
So, um, I'm not sure how much you are, um, trading on Polygon.
So we partnered with a few collection or collections already, for instance, uh, Drills Club, um, and Normies, right?
Um, and RecDogs.
So those are very, um, you know, DJing collections, right?
I mean, they, they have so many, uh, loyal holders.
Um, and, uh, also we have a lot more in our pipeline.
Uh, there are a lot of people, a lot of collections, they reach out to us.
They want to partner with us.
Um, but also, um, we are talking to many influential persons, you know, for instance, Frank.
So we are trying to do something great in this space.
Love it, man.
Frank, what's going on?
Yo, bro.
Hey, guys.
I'm feeling purple.
Welcome, man.
I'm feeling purple today.
Let's go.
Let's go.
Yeah.
Tell us what you're feeling today.
Like, why you are making so much noise.
You want to know the honest answer?
Yeah, definitely.
Why not?
I don't know.
I was just, like, in the mood today.
Just felt like, you know, that day.
Remember the last time you were in the mood, you lost 10, 8 to 40.
No, I was definitely not in the mood that day, looking back on it.
Um, because it was, like, a lot.
I was, like, shaking a little bit.
It was the most I spent on an NFT before.
And so, but today it was, like, so chill.
It was, like, a light breeze.
I'll, like, look at my computer.
Oh, yeah.
I, like, throw a few Matic there.
You know, look away.
And then, like, throw a few more Matic.
It's kind of fun, you know?
Big difference.
Morph.
Yeah, Polygon is fun.
I'm trading on here that I'm having so much fun.
You know.
Dude, guys, please tell me these, like, Bitsuki MFers aren't, like,
I mean, like, are they going to do anything?
I hope.
We sent their ass, bro.
Holy shit.
I was just trying to meme.
I was thinking, okay, like, if I find, like, a really cheap Polygon collection,
I could probably buy, like, 100.
That would just be funny.
And, uh, I mean, now I think they're at, like, 8.5 Matic.
I think I got, like, yeah.
So, looking good.
8.5 X's on Matic.
We're big balling out here.
Sending everyone to the moon tonight, Frank.
Any projects you saw out there today, Frank, that piqued your interest
or anything you're liking on Polygon right now?
Um, all of them, man.
I think, uh, you know, I mean, I got into meme coins today, too.
I was like, there's this fucking dad's coin.
And there's Cone, I think.
Yeah, yeah.
Cone is the red one.
Cone.
Yeah.
I just figured, you know, you two coming up and all of that, like,
might as well get the Matic train going.
And it's just, it is fun how cheap it is.
It's definitely so fucking annoying.
Like, I get what people are saying with the bridging and all of that.
It's not even that the bridge is that bad once you use, like,
Umbria or Rubix or whatever.
But it's just, there's no good documentation on this.
That's the thing I think is annoying.
It's, like, everyone in crypto is used to using some type of weird UI, UX.
But, man, I just wish there was better docs or guides that I could send people
for the easiest way to bridge.
Because I got lucky that my destination wallet had 0.1 Matic in it.
If I didn't, you know, it would be so, it would be the worst, bro.
Gotta go on ETH, trade, like, Matic to bridge it over just to use it.
So I can only imagine what some people are going through.
So hopefully solutions, not even hopefully,
I think we're talking to a bunch of people that try to help solve that core stuff.
So it was cool to just learn more about it today.
It's a lot better than where it was at four months ago,
I can tell you that for sure.
But still not there.
I agree.
Frank, let me ask you a question.
So I know you do trade meme coins and in NFTs, right?
Not in a long time, but yeah.
Now I'm getting back into it.
Do you see any difference between these two things?
Not on do.gg.
Really?
Well, I mean, I don't see the difference on do because, yeah, there's no pictures on there.
So I'm feeling like I'm just looking at an order book, which was fun for today, for sure.
No, but I know what you're saying.
I totally get what you're getting at.
I think what's tough right now with NFTs is they're going through a little bit of a rethinking of what people want out of NFTs.
And I do think to a certain degree, like NFTs as art and collectibles is coming back in a big way.
And that sounds all like wishy-gushy.
But what I think that means is, you know, lower market cap NFTs being traded like meme coins.
But just like as art, I think it's probably a trend we're going to start seeing more and more.
Definitely.
But also like we, you know, I mean, one of the differences between meme coin and NFTs is NFTs, they mostly like they have about like 10,000 supplies, right?
So on the other hand, the liquidity is going to be one of the problems.
So do you see this as a problem or you think it's, I mean, is this something like we don't need to worry about at all?
I do think it's a problem, but I think solutions are coming out along the way, right?
So obviously with Blur leading the way for a lot of this NFT5 stuff, I mean, they started with this incentivized bid model,
which I think is better than AMMs for the most part, because I think it encourages people to put liquidity, you know, just for the bid walls.
Because I think with AMMs, it assumes like trading, right?
So you're going to have like both sides, both liquid and the NFT.
But I think with bids and incentivizing bidding, it makes more sense to everyone involved, right?
Like I'm going to bid on these NFTs at a certain price that I want to pay.
I'm going to list them at a price I want to sell.
It's closer to an order book.
And I think that makes more sense for non-fungible tokens.
So lending is, I think, also going to be a big factor in this too, whether it's the Blur blend style, like buy now, pay later,
which to some, I mean, to some degree is like an NFT derivative, right?
Which derivatives help more people get into assets?
Because you could basically swing trade these NFTs using that, like using blend, things like that.
So I think what you're concerned about with liquidity, I think we'll get solved as long as there's enough demand.
But there's definitely like more NFTs than there are demand.
So when I hear like liquidity for NFTs and like worrying about the upper end of it, I'm like, no, I think we should be worried about the bottom end of it and try to get those bids.
Because without the bids, they're all going to zero, basically.
True, true, true, true.
Yeah.
Actually, I mean, for this weekend, I was trying to figure out, so if the bidding pool will provide more liquidity or AMM do, right?
What is your opinion?
I mean, I think we have an answer for the most part, unless someone, we had PseudoSwap and then we had Blur.
And I mean, the depth of liquidity on Blur is ungodly, right?
I mean, I think today there was a few people that sold 200, 300 doodles, like a lot of, you know, like that's a lot.
And Mutant Apes, I think, 100, 200 sold.
That's like a few thousand ETH.
And the floor didn't move that much.
You know, it's not like the floor went down to zero.
So I think bidding and incentivized bidding is probably the play for now.
Unclear if AMMs get better for NFTs.
But I don't think it's the same like use case or user base, to be honest.
Because I think the, with, you know, with AMMs, I think you're more neutral if you're providing on both sides.
I think laddering, like, you know, PseudoSwap had a cool idea where, and you guys have this on your platform too,
like the ability to easily ladder your buys and sells.
It's essentially, again, like an AMM, much closer to it.
But you just control that margin more.
And I think that makes more, it allows for price discovery better for NFTs because it doesn't dampen it too much.
Right?
Because you can set your ladders to 0.1 ETH.
And like, so you're going 2 ETH, 2.1, 2.3, 2.4.
And that lets the DGens get more of what they want and why they buy NFTs versus tokens.
Because the percentage delta is greater than in meme coins or shit coins, which I think is what, you know,
like why a lot of NFTs, especially in the bull run, outperformed most people that were trying to trade most, you know, most tokens.
Because it was a lot harder to get that level of appreciation sustained for a while or at least in size.
But with NFTs, because, you know, the increments are different, I think it makes a big difference.
But I don't know if I'm boring people here.
But yeah, that's my kind of answer.
I think bidding and the limit buys, limit sells are probably going to be, continue to be more popular for NFTs over AMMs.
But I think AMMs are great though.
That's not like, not to say that they're bad in case you guys are working on an AMM.
Yeah, I mean, like we are still discussing internally, you know.
So, I mean, we don't have that many people like OpenSea, right?
So, we have to, we always have to like have a bunch of meetings internally to prioritize some of the features, right?
So, that's why I'm like we're trying to get as much feedback as possible from people like you.
So, what is your take on that question?
Well, again, so, I mean, personally, I do have experience in the marketplaces on other chains, right?
So, one of my thoughts is, you know, like I think still we have to develop the bid pool first, right?
Because that's the most common feature across the chains, right?
But on the other hand, personally, like my personal opinion is, AMM could provide more stable liquidity to most of the collections, right?
And also, this is another point that people can make money from this, right?
So, but still, like there's no right answer.
So, we still need to spend some time to do our own research internally.
But maybe someone has more, I mean, better answers.
Well, I'll tell you the good parts about AMMs for sure.
Like it's easier to deposit, right?
So, it's easier to just put liquidity in and like without taking too strong of an opinion on the NFT.
Because you can just do a double-sided, you know, AMM pool.
Or you could just put in liquidity for people selling into it.
Like I, maybe here's the best way to put it.
Like, okay, if you are going down the route of putting liquidity up for an NFT, my guess is you're like on the pro end of the spectrum when it comes to NFTs.
Like you're not, like you're not doing the same.
It's not the same people that are putting liquidity for USDC to USDT pairs, right?
It's like a little bit more degen and it's definitely a lot more pro.
So, my guess is those people probably care more about setting their, like setting their prices on both sides versus, you know.
And maybe you have the option to do it automatically, like the AMM style.
But I feel like if you want that pro user, you'd also want to have it like be having the option to kind of set the ladder on both sides or the increments.
Agree, agree.
Yeah, I think Pac-Man, he's the first person bringing NFT market making to the table, right?
If I remember correctly.
So, basically, AMM is a tool to encourage individuals to become NFT market makers, right?
Have you seen the AMMs on Seoul?
There's like a lot.
Yeah, yeah.
Tensor has, they introduced that already.
Magic Eden did us.
Who else again?
Um, Hadeswap.
Oh, yeah, yeah, yeah.
That's right.
Did you, did you have experience on the AMM?
Yeah, a bunch.
How, how is it?
Tell us.
It's nice, right?
But it just.
I was muted.
Can you hear me?
Yeah, we can hear you, right?
Oh, my bad.
Yeah, I was saying yes.
Had a lot of experience with them.
I think what most DJs get upset about with AMMs and NFTs is it dampens like price discovery a little bit.
So, you know, the old days of NFTs where you have a few fucking listed and they just run and they can just keep running because that kind of tech wasn't there.
But I do feel we're going to a more pro trade market right now for the foreseeable future.
So, I don't know.
I'm definitely just pro all NFT fi.
Like, I don't know if a lot of founders say that out loud.
But for me, running two collections, I find like I'm at the most calm when there are bids and there's liquidity to the collection and I'm the least calm when there isn't.
And I think the community to a certain degree echoes that feeling.
So, on the bad side, I think it's nice having liquidity for like Black Swan, like days where not a lot is happening.
Like, I think youths are going through that right now where, you know, D-Gods will go up and down and ETH and people aren't panicking.
They're just waiting for like season three.
But youths, I think people feel, damn, like there's no bids.
I can't like sell this thing.
And they feel a little bit like that hurts.
So, to me, whatever smart people do on the NFT fi side to bring more liquidity to our collections and give holders more options, I'm super pro.
Because I have a very brutal capitalistic way of looking at NFT markets, which is no matter what the NFT fi instrument that you fucking introduce,
whether it's leverage, buy now, pay later, whether it's fucking loans, whether it's AMMs.
You know, it's our job as a team and as a community to make sure that more people are buying the NFT than selling it.
And if we do that to a large enough degree, then, you know, we're going to be in a good spot no matter what the NFT fi instruments that people in the community are using.
So, I'm just pro all of it.
And I hope that they do good education around, you know, how to use the platform and not get wrecked.
But I'm a big believer that our holders are adults.
They can make their own fucking decisions.
And might as well – they should have all the options on the table for whatever is available.
So, yeah.
Maybe the reason why my answers aren't super even, like, direct here on, like, AMM versus bids versus any of this, again, I come back to –
it's almost like people make the false correlation that blur leads to lower floor prices or loans lead to capitulations or whatever it is.
And I've never bought that.
I never believed that narrative because I think that it just means that – like, think about this.
If there's 1,000 ETH in bids on Doodles, let's just say, right, as an example, and somebody decides to sell, you know, 200 into that bid wall or whatever,
it's like the person decided to sell the NFT, right?
There's a chance that they didn't want to sell the NFT, but they decided to sell it.
And so I just think no matter what way you skin this cat, like, it just comes back to do the holders of the NFT want to hold the NFT and do new people want to buy the NFT.
So I think that the tools are honestly more neutral than people make them out to be.
So I'm just in support of the tools.
And, Frank, you know, while we are, you know, we are looking for more, you know, liquidity on Utes and, you know, having those bids there,
I don't know if you know this or not, but there is liquidity for the orange Bitcoin D-Gods hoodie.
I went out today and met up with one of the 007 members, man, and I kid you not, got an offer right there.
And, yeah, people are pretty much trying to get this hoodie, you know, left and right.
Dude, be careful, man. I'm going to start getting funny.
Like, dude, the Bitcoin D-God hoodies are getting more bids than the Utes.
I'm nervous. Let's talk solutions here, guys.
Let's go.
We can't let these hoodies outperform Utes on God.
But, no, I mean, I would like to ask you as a Polygon community member here, what do you guys see the impact that Dew can have?
Because, look, I'll be honest, I use a lot of different platforms today.
I think Dew is the furthest along.
I think, obviously, there's a lot of features that can be added.
I think I messaged you when I was trying to bulk buy, and I was like, God damn it, it's not working right now.
But beyond that, I guess, what do you feel is next on the roadmap coming out?
And tell me how that's going to help the Utes community as a representative.
I think somehow we should bring up some speakers, right?
Like, what kind of features they are looking for?
Or even, like, asking Leland, right?
Like, what kind of features, like, you are looking for currently?
Yeah, I guess I'm at the place right now where I'm getting excited about Polygon NFTs, but I haven't quite dipped my toes in, you know, aside from a big bag of Utes.
But I'm excited to see Utes season two.
And, you know, I got a feeling it's going to be a lot of cool stuff going on for us to get excited about with, you know, with getting this ecosystem going.
So I'm kind of at this spot where I'm learning, I'm kind of soaking it in, excited to have you up here and to meet up with other projects that are building and putting infrastructure together.
So kind of like investigation stage right now for me.
All right, let me ask the burning question.
We got, like, 20 bridge aggregators that I've heard of.
You got Umbria, you got Bungie, you got fucking Squids, you got all these different bridge aggregators.
That basically make it faster to, you know, bridge from ETH to Polygon and back and forth.
Like, is there going to be a due integration of something like this?
Or is that even on the scope or roadmap right now?
How are you guys thinking about ETH liquidity coming to Polygon and making that as frictionless as possible, you know, back and forth?
It's a tough question, you know.
So, I mean, for our roadmap, like, we're trying to focus on, like, provide the liquidity, right?
Like, I mean, most of the future is going to be, you know, about liquidity as well.
Because this is something, like, we think the Polygon and NFT ecosystem is looking for at its time being.
But I don't know.
It's a really tough question.
It's, and I don't really have an answer for that.
But to be honest, like, we are speaking with some, like, some bridging companies as well.
But it's layer zero, right?
So they have some cool features as well.
They want to partner with us.
But I don't know.
Just still, like, we haven't made any, like, decisions yet.
But I don't know.
I think for some reason, I think that's the future, you know.
Because a lot, I mean, there are a lot of the collections, they are trying to become multi-chain project.
So they can get all the liquidities from other chains, right?
So, I mean, this is something that you guys are doing already.
Perhaps you have, do you have any thoughts on that?
So I'm at a place where I feel like I've talked to different marketplaces about this.
And it doesn't seem like any of them are necessarily prioritizing it.
So I think what we're going to probably do is talk to one of these and send, like, a proposal to all of them.
And see who wants to just make one for Utes and just make it, like, Utes branded and be like, yo, ETH Liquidity, come to Polygon.
And ideally, my key features would be, okay, like, imagine we could skin Umbria as the one that I've probably used the most.
But there's, like, Rubix and a few others.
And it'd just be, like, the Utes branding.
And then you can take ETH and it'll also kind of auto-swap in the background and get you, like, one Matic as well.
So you have enough for gas.
So you can basically take a fresh wallet, you know, fund it with ETH, get the bridge over in, like, one to two minutes, and also easily bridge back as well.
So, I mean, I would like for Marketplace to do it because then it's closer to, like, the purchase point.
But if nothing happens at this point, I mean, we'll just push this up.
Because, yeah, I don't want Utes to happen without that feature.
And so it feels like it's a prerequisite.
So I do think – I don't know why no marketplaces are prioritizing it because it seems like the biggest no-brainer feature to me.
Just listening to what everyone complains about the most about coming to Polygon is the bridge.
So I'd figure, like, okay, whichever marketplace does that first is probably going to get a lot more traction.
But, yeah, I don't know.
I don't – I mean, I don't think it's a hard integration.
But still, like, it takes time for most of the companies to, one, make a decision, right?
And secondly, they have to prioritize all the features, right?
So – but, again, somehow, like, I do agree with you.
You know, maybe I can bring this to our team to see, like, if this is something we can do together.
Yeah, I feel like – because, yeah, I don't know.
I'm kind of jaded at this point because I feel like I've been telling – I mean, even, like, the Polygon team, right?
I've been saying this for a while.
And I feel like we just got to, like, just make it a priority.
I don't know.
It sucks.
Because even for me, man, I'm, like, pretty crypto deep and crypto native at this point.
And it's definitely a little bit of a frustration.
Like, today, I got really lucky that I have 0.1 fucking Matic in my wallet, which was enough for me to, like, go, you know, to Uniswap or QuickSwap and then go trade my tokens that I bridged over.
But, like, man, if I didn't, that would fucking suck.
Like, I would have to, what, go to Coinbase or make a swap on Uniswap to get Matic just enough to make – just enough to have gas to buy a fucking U.
It's like, God damn, no wonder, you know, there's no bids.
So, yeah, it's just definitely annoying.
And I feel like, yeah, we just need an answer sooner.
I mean, we just need a solution sooner rather than later.
Yeah, well, sounds like an opportunity out there for a team to put that together.
Yeah, Don Fredo, man, wanted to bring you up.
Did you have any questions for Kang?
I did have a question for Frank.
One of his first questions, he asked about Polygon at FT.
If he can rephrase that question again.
I'm trying to remember what the question was.
Polygon at FT.
I don't remember what my first question was.
Um, he asked – I know, I think Leland spoke on it, but pretty much I think the question was about, like, was it trading with Polygon at FT or was it due by chance?
I'm hardcore blanking right now.
Wait, what did he say?
Yeah, what's the question?
I think he's asking what my first question about Polygon at FT was, and I don't think I remember what I asked about Polygon at FT.
Frank, what did you have for lunch yesterday?
Pizza.
No, yeah.
But yeah, I mean, look, I think I'm curious to kind of do what – oh, my question was actually to do.
Yeah, yeah.
It was like, what's next?
What's the next feature coming up?
Well, let me – okay, let me – let me take this question.
All right, so I mean, for the next feature, like, original plan was, you know, like, we are going to release the – well, no, I mean, this is something is under-competential, okay?
So, I mean, the next feature is under-competential, maybe Frank knows why.
But anyway, so the feature after that is going to be the 1155.
So, this is something that we're still thinking, like, if we should – we should, like, develop a 1155 first or we should implement the BitPool first, right?
So – and also maybe AMM, yeah.
But still, like, this is something we haven't decided yet.
So, again, so maybe anyone can tell me.
So, here's my question.
Is there a lot of volume on 1155s on Polygon or –
Sometimes it has about 50%, okay?
Because, I mean, one of the reasons is Reddit avatar is a 155, right?
So, if they're doing pretty good, then 40 to 50% of the trading volume will be from 155.
But for – I mean, for the recent days, I think most of the volumes are from 721.
Got it, yeah.
Because my guess would be with the – I mean, with the Reddit NFTs, because I went down that rabbit hole today, too.
The discovery is honestly the hard part with those.
So, I feel like if you were doing it for Reddit NFTs, you'd be undertaking a much more difficult challenge, in my opinion, like a less solved one, which is, like, how do you do good discovery for, like, you know, 100 collections within, like, the concept of Reddit NFTs?
But I do think the bid pools or the AMMs would probably be, like – whichever one, you know, you guys decide to do, I feel like that would definitely be pretty exciting.
Yeah.
Well, the thing is, I know, like, for – I mean, to develop the OM55 will take exactly the same time, you know, to develop the bid pool, right?
So, that's why it's quite a hard question internally as well.
So, yeah, you know, it's just – we spend a lot of time to discuss that, you know.
Yeah.
It's just – it's a really tough question.
Okay, let's try asking the audience.
So, the audience – okay, get ready.
Don't do an emoji until I tell you, but if you want AMM slash bid pool, I want you to do a thumbs up.
And if you want the 1155s, then do a clap emoji.
Okay, let's watch.
I see some thumbs.
I'm looking for some thumbs.
I mean, I see mostly thumbs, some claps.
I mean, I think that's pretty conclusive evidence right there.
I feel like AMM seemed like the answer then.
It doesn't get more quantitative than that.
It's science.
Yeah, just tell the community, you know.
We went off Twitter, space emojis.
That's how all the cool kids are making decisions now.
That's how all the DAOs are voting.
That's really Web3.
Well, yo, let's bring Sir James up.
What's going on, man?
GMGM or GMGM, depending on what part of the world you're in.
Yes, sir.
Thank you for bringing me up.
I appreciate you.
Love to be here.
Love the 007.
Not a Ute holder myself, but I do have all the plans in the future to get one.
But I do have a question for Kang, and it's in regards to synthetic financial products.
And it's something we haven't really seen in the marketplace niche of crypto.
We don't have any kind of options contracts.
We don't have futures contracts.
And all that requires is the underlying collateral.
Do you think we'll see any kind of synthetic products come out from exchanges?
Do you think we'll see any kind of synthetic financial instruments, options, futures, binary options come out from these NFT marketplaces?
Yes, yes.
I mean, it's a clear yes, but also it takes a long time for us to finish, right?
I would say maybe chapter, you know, right now we are at chapter zero airdrop, right?
So maybe it's going to be chapter three or four.
I would say it takes about a month to make everything happen.
Yeah.
Well, I'm actually kind of glad to hear that.
This is in no way a shill, but I am a part of a team, and we already have that product built.
If you'd be interested in having talks about integrating, we're fully, fully scaled.
Yeah.
Love to talk to you about it.
Sure.
Sure.
I mean, just send me a DM, and we can talk about it for sure.
Yeah, for sure.
I just shot you a follow.
Well, appreciate you coming up, sir, James.
Let's bring up High Sea Pirates.
How are we doing tonight?
What's going on, guys?
Hey, I'm doing good.
I just wanted to come up.
My name is Merck with High Sea Pirates, one of the co-founders.
Just wanted to ask a question to Frank about the bridging.
Have you ever used changenow.io?
Because you can send assets, and you don't have to.
It's not like an actual bridge where you're waiting forever, and you send ETH, and you
can receive Matic into the right wallet that you need without having to worry about having
Matic in that wallet already.
What's it called?
Well, changenow.io.
All right, I'll check it out.
See, I feel like I get chilled.
Like yesterday with these hoodie fud, the hoodie fud, you know, when there's a problem on Twitter,
I got like, I think my DMs, I got like 100 people saying they make the best quality hoodies.
So that means like, you know, top 100, all of them are number one of best quality hoodies
on planet.
And so I feel the same way with these bridges.
You know, everyone's got the best one, and I just keep hearing about new ones.
So I'll definitely check it out, change it now.
Sounds good.
Well, yeah, I was going to say, check it out.
They also have a white label service.
That's what Skirpy used on his Mint page.
So it was just an easier, you know, way to get your Matic right away.
You didn't have to have Matic in the wallet.
I mean, it just kind of simplifies stuff.
So definitely give it a look.
And they also have an app for the phone.
So I've used that multiple times.
Appreciate that, brother.
Do you have to like sign up and shit?
No, no signing up at all.
It's super simple.
You just select a wallet that you're going to send the asset from, and then the wallet
you want to receive it in, and you send it.
That's it.
Pretty quick.
Simple.
Cool, man.
I'm going to bring up Sid K.
Sid, what's going on?
Hey, man.
I'm just getting up, and I saw this space, and I was like, might as well jump in, talk
to Kang and Sang.
Good to see these guys.
And I actually really like the topic.
And with you, it's also really interesting, because I don't think nobody's sort of doing
aggregation on Polygon, and they are the first one to do it creatively.
So kudos to you guys.
And your product is still in beta.
But it's actually really interesting.
And I think, Frank, to your point, I think it's like, from an aggregation perspective,
it's really important because, I mean, even for bridging, like you mentioned, it's a struggle.
But I think there is Bungie, which is also a bridge aggregator on Polygon.
So it aggregates liquidity across all the bridges, and then you select the best one.
You want to pay higher fees, lower fees.
You want it done in five minutes.
And plus, I think they have something like gas refuel.
Basically, some of the funds that you're bridging would be converted to gas, and that's
also part of single transaction itself.
So you can basically bridge ETH to width on Polygon, and you can get some Matic gas also.
But yeah, I think probably that's something which we'll need to work on and make it better.
From a UTH holder point of view, I'm just happy that my UTHs are staked.
So I'm not trading much these days.
Can't comment much.
But yeah, I think it would be interesting to probably have build pools before 115.5.
I mean, that's my personal point of view.
But yeah, I mean, you guys, I know it's a small team, you guys are building crazy.
So yeah, probably you would focus on that first.
And then, and Frank, what are you doing, man?
Why are you sweeping smaller projects?
Go for the big ones, man.
Well, I mean, dude, should I buy one NFT or 100 NFCs, you know, for the same price?
But no, I don't know.
I just like the art.
I saw these like fucking, I can't even, the Pixel 1s.
I saw them and I thought, okay, well, fuck.
I can literally buy like 40 right now or something for like, like very little Matic.
So that's why I did it.
And then I think because it was so cheap, other people got in on there too.
I'm already up.
But yeah, I don't know.
Thank you, Frank.
It's fun.
Yeah, it's definitely fun.
Like sometimes to buy the cheaper ones.
I did buy all the big ones though.
I feel, not all obviously, but I think I, I got, I got most of the big ones.
No, I'm just kidding, man.
It's, it's actually really exciting.
Even I wouldn't complain.
I have this like 50 or 100.
So a lot of smaller projects, not derivatives.
Actually don't want to increase derivatives, but, but yeah, like smaller projects with
OG art, they're actually quite interesting and setting one like less than one Matic
but always fun to have a bunch of them.
Yeah.
I wonder how these guys are fucking doing right now.
Let me check my new portfolio real quick.
Actually, why don't you, why don't you just tell us like, what are you going to buy next?
That's the alpha.
I think I'm slowing down.
That's alpha.
Dude.
You're still chilling.
Frank.
I'm just waiting for that.
Okay.
Yeah.
You're still chilling right now.
7.99 Matic, dude.
Entry price one Matic.
Oh my goodness.
No, it's up to nine Matic right now.
So basically you up egg, egg X.
No, not on, not on due.
The floor's on due.
Don't forget that.
Yeah.
The floor on due.
Wait, did we just catch Morph checking OpenSea?
I don't know.
I don't know.
Kang is here.
Be careful, Morph.
Whoa.
I'm on due right now.
No, I mean, literally, you know, bro, tell us what are you going to buy next?
You know, this is going to be a big gift.
Oh, okay.
Yeah.
You want me to give you the real call?
You want me to give you the real call right now?
Yeah.
Real call.
Yeah.
Give it to the listeners, okay?
I'm buying this dumbass fucking collection called Utes or some shit.
I don't know.
Why did they put two zeros in the name?
I don't get it.
Is it Y-0-0-T-S?
But yeah, I'm thinking those guys are next up.
So yeah, if you guys want to tail my trades, you know, because that's that juicy alpha right
there.
Wait, have you got a crack in the wall yet?
You should go get it now before someone get it.
I'm a C-A-7-C-F-0.
Here, let me reserve my due name.
Oh, I don't qualify.
Dude, I was just aping hard.
What do you mean I don't qualify?
Yeah, just send me your wallet, okay?
Privately.
But it's just the frankdguys.eth.
But yeah, I'm down.
Yo, Normies, come on up, man.
Hey, hey, hey, hey.
What's up, everyone?
How's it going?
Doing good.
It's a pleasure to be here.
I was actually getting ready to go to bed, and I saw, like, these amazing people here talking.
I was like, no, I have to drink this one.
Tell the truth, bro.
You saw frank and say, I got to get it up there.
All right.
Okay, okay.
Give me the pitch on Normies, and I got my finger on the fucking trigger right now, man.
Well, like, the biggest pitch is if you actually check out your DM, we actually design your own,
like, when are you on?
Yeah, okay, I bought one.
That was a good pitch.
Let's fucking go.
38 Matic.
That's clean, dude.
We got to get that number up, up, up, baby.
Let's go.
Normies.
I like the art.
I do like the art.
It's clean.
Thanks, man.
Appreciate it.
Yeah, like, our art, like, we actually, like, took a lot of time, like, designing it,
and, like, we tried to, like, make it as relatable as possible.
So, it's fire.
Yeah, I like it.
Thanks, man.
Appreciate it.
Like, it means a lot, like, hearing that from you.
No, yeah.
I mean, I'm pretty particular, but, nah, dude, the shading is really well done.
Line work is clean.
Backgrounds are clean.
I mean, what's not to like?
Some of the traits are pretty fire.
Yeah.
Thank you, man.
Normies, I like the name, too.
So, what's the main idea?
What's coming up next?
Well, basically, we are on a utility-based project, and what we are, like, mainly focusing
on is building utilities based on the needs of, like, Polygon.
We just, like, like, our team started on Luna Doodle Monkeys.
However, we migrated to Polygon about, like, four months ago, and since then, we've been
just, like, trying to build utilities for Polygon.
Awesome.
Nice, man.
Any utilities in particular you wanted to elaborate on?
Well, of course.
We have a bunch of utilities on our roadmap that we are still, like, building, but what
we have already built so far, it's Tykee, which is our Graflink system.
And we have Dyno, which is our, like, casino platform, which we built the whole thing from
scratch in-house.
These two utilities, we had them, like, up and running, like, I would say one month prior
to Mint.
And over, like, the past two months, we just tried to, like, upgrade it and, like, try to
make it smoother.
And, like, we actually automated the whole process, like, whole raffling process on Tykee.
However, we have a bunch of different platforms on our roadmap, which we are focusing on.
So, uh, but I would say our main goal on Polygon is building a platform for lending and borrowing
NFTs.
Got you.
Cool, man.
I've, I've definitely, I've seen your art on, uh, on Twitter, man, and it looks really
good.
And I'll have to do some, uh, some digging in and, um, you know, keep an eye on, on what
you guys are building.
So, pleasure to meet you, brother.
Of course.
It's a great, it's an honor to be here, too.
Thanks for, like, bringing me up.
Yeah, bro, we, I mean, we're going to be doing this every Sunday.
So, this is an opportunity to get everyone together, uh, start putting our heads together,
get the energy going.
That's, that's what this is all about.
Of course.
Like, I would, like, I would be there, like, next Sunday, too, for sure.
Yeah, dude.
Love it, man.
Um, well, nice to meet you.
I'm going to bring up, uh, MoneyGram.
What's going on?
Hey, what's up, everybody?
Thanks for, thanks for having me up, man.
I got rugged, like, fucking eight times trying to get up here.
Yeah, my name's Norman, too.
So, Frank is a fellow Normie.
Listen, I got some Ghetto Granny NFTs in my wallets that I buy.
I paid, like, $300 for, like, one.
They're way down to, like, $2 or some shit like that right now.
But I want to swap one of your fucking sukiyakis, or whatever the fuck they're called,
for one of the, for that $300 Ghetto Granny.
Down for it?
Um, what's the best swap platform?
Uh, we'll just trade wallet addresses I send you, you send me.
Easy, quick and easy.
Dude, it's tough, man, because these suki's are doing well right now.
Um, because I promised the community that, uh, you know, I would, uh, not sell one until
they hit 100 Matic, and they're sitting at, like, 8.85 right now.
You're not selling them.
I'm not selling them.
You're transferring.
I'm not going to sell it either.
It's just a, uh, you know, it's about transferring value.
You know, I don't sell shit anyways.
I don't sell NFTs at all.
I buy them.
Um, I'm not against selling, but I'm a community member.
You know what I mean?
So it's about valuing communities.
What's the, what's the floor?
Dude, let's go.
Let's go.
Wait, let me, let me, let me chill, chill, chill, chill.
Let me see.
Are they on due?
Oh, here we go.
Ghetto Granny Club.
all right let me see this okay okay oh dude that's tough man the floor is a three matic right now
that would be that would be a significant downgrade on my end not gonna lie these
suki's are going kind of crazy dude 8.85 and counting i'm not look i might seem like a nice
guy you know i might seem like a nice guy but when it comes to my polygon nfts there's no playing
around you know i'm out here making uh you know charity deals out here they don't call me you
know frank the charity you know i mean three for one three for one i love it boss with the sauce i
love it thanks frank no problem i respect you for asking though hell yeah
i think i think if you're talking about projects uh sorry to thank you man frank
yeah check out polygon dad's frank it's uh so i don't show project no i bought because some
the reddit guy rbsb rsb he was just tweeted he was like yo dad's we're gonna be the next cone
and i'm like at this point i got my matic wallet loaded my finger on the trigger was
was stopping me dude fucking like get the meme coins too so i think i think i was trying to buy
a polygon dad under a fucking matic on uh on uh do and i think that their contract or some
shit like i tried it four times and it just wouldn't it wouldn't let me so i kind of gave up
there yeah like look there's one you guys should check this out dude like there's one that's on the
floor for 1.1 matic and it's just stuck there or that there's like element i think there is some
issue with the element market yeah yeah that's because of the element contract has some problems so
yeah that's why i mean just like more uh element um element oh yeah yeah damn that's like a little
suspicious yeah i was like damn 1.1 the art so fire i thought it would be more but yeah i guess it's
the five matic instead of 1.1 matic yeah it it was like sitting below one for like a month but then
after the meme coin came out it flew to 10 matic yesterday and i did it crazy and i wanted to write
that down a second that's polygon dads yep yep yeah i just bought like five it's too fun no it's so
fun it's so fun it's like it's too good dude yes poly got dads and um like even on solana it was
like a little bit you know like oh shit dude like 10 soul like holy fuck yo cho cho because
soul used to be like 200 fucking dollars so you still have that memory in your mind but on polygon
i'm like dude okay dude fucking five six matic throw it around like that i'm like it's fun
and on eath forget about it dude i'm broke on eath compared to it's a casino casino mode right
i mean i mean let's be honest like i'm looking at the new platform right now i think there's some
elements which i like you know i'm a dgen at the end of the day i like it but uh it's fun it makes
it i'll tell you this this is the best thing i can say about a marketplace do.gg definitely makes it
easy to buy a lot of nfts i said the same thing about blur i remember when i bought when i did the
big sweep on eath with like all the eath nfts i was like fuck me man blur makes it really really
chill to buy like a hundred thousand dollar jpeg as if it's like a line item on a fucking spreadsheet
so i mean you guys are on that same lane i like it whenever you're on the platform it makes you want
to buy so yeah that's the mood wait do these polygon dads get uh do they get um like tokens too or what
or is that over i think he airdropped airdropped already but there's plan to do more so you're still
lucky all right good to know does one u-point equal one matic can i oh good question man no that's
that's the question of the year i'm just fucking with you man
frank thank you for coming up here man we do this every sunday this space has been fucking fire
um having your energy up here so definitely definitely come back next week man awesome
dude pleasure man anytime peace cool all right we're gonna shut it down guys appreciate everyone
coming out it's fucking awesome come back check us out next week yep thanks everyone appreciate you so
much man and uh i'm gonna definitely hop on do man and um we're gonna get trading on there no problem
we're in the same family bro yes sir let's go cool let's go big week ahead guys yep all right guys bye
good night
