I was raised by the wolves
I was raised by the wolves
I was raised by the wolves
Eight to the four run through the night playing with your life
One kiss attack that's risk in your life
Better play it right, yeah you better play it right
I got loyalty and blood I do anything for love
Doing everything like everything ain't been too much
You know my favorite time to come through four years
The clutch, last second, what a rush
I'm the type to talk to the stars
These ain't tattoos, these are scars
My young thoughts are telling you when the witness is a part
They care about starving more than they do by the charge
Me, I can't break a commitment
I just seen people fuck up the whole team cause they couldn't play their position
You know the road to hell is paying for good intentions
I see myself in my nemesis
I contemplate and forgive in this
I think I lost all my innocence
Hold my life, depend on this
This ain't no simple sucking shit
Try and steal and you get bit
That's what you motherfucking get
I feel safer taking risks and I can't eat this on my own
Like put my back against the wall
Just to see how much I grow, dog
I was raised by the wolves
Running through the night, playing wit your life
Going against the pack that's wrist in your life
You better play it right, better play right
I was raised by the wolves
Running through the night, playing wit your life
Going against the pack that's wrist in your life
Better play it right, yeah, you better play it right
I was raised by the rovers, played on my door
Honest in the game and never played by the rovers
Tried to make me leave, fell under my knees
Picked myself up and took my back to the breeze
Feel the feeling, y'all know feeling proper, look at me
Without these diamond chokers, man, it's getting out of reach
Don't let you or family come some branches of my dream
But if you and myself run low, I'll always be around
Don't let me down, you said you'd die for me
Where there's the ground, ice on my wrist, ice in my veins
But it's your cold, cold world, man, you could be pregnant or you could be brave
I was raised by the rovers, played on my door
Run through the night, playin' with your life
Go and get your back, that's risk in your life
Better play it right, better play it right
I was raised by the rovers, played on my door
Run through the night, playin' with your life
Go and get your back, that's risk in your life
Better play it right, yeah, you better play it right
I was raised by the rovers, played on my door
What is up, everyone? Tonight, Alpha Wolves number 10.
How's the panel doing? Johnny, how you doing, brother?
I'm doing great, I can't complain. I got a steak on the pans here right now,
ready for some alpha today on the Alpha Wolves spaces.
Let's go. Oh, we love that meat, big dog.
Four minutes on each side, man. That's how it's going.
Whoa, whoa, whoa, whoa, whoa.
What's up, Kix? How are you?
Doing great, man. You guys are cracking me up. That's awesome.
Yeah, you gotta go for the pans here in the winter, man.
It's a little too cold out there today.
I tried to heat up my grill last week just to see if I could do it outside,
and it took 30 minutes for it to get to 400 degrees,
and then it just stopped moving. I'm like, okay, yeah, this is dumb.
Dude, you gotta tell us about Midnight Heist a little bit later today, man.
I'm gonna let you show a little bit today, all right?
Jerry, what's up? First time guests?
Hey, what's up? Yeah, man. Super pumped to be here for the first time.
Don't know why it took you guys 10 episodes to figure out that I should be here,
but really excited to be here with Johnny, one of my favorite people,
Kix, who is gonna be fatter than me soon,
and Spark, who I'm a little cross with right now,
and you, Peyton. Love it.
Yeah, man. First time up on the panel, last time on the panel too,
so I'm excited for it, dude. Spark C, how are you?
I'm good, man. I'm good. I'm a little sad.
Let's let Fresco down, and myself down, really, by sleeping through the Meiji Mint.
So, you know, my time zone, man. It's just tough times.
Nah, so I fucked myself over there, unfortunately, but there you go.
It happens, man. Down bad, down bad. It's all good.
Well, guys, we do not have Sam today. He is traveling around the world.
I think he's Orlando, you know, doing stuff with NFL players, with his brother,
whatever. We're not jealous at all, but we're here to deliver the alpha
for episode number 10. Big episode, honestly, and so we're gonna be just going right into it.
We're not gonna do intros because, well, you kind of know everybody up on the panel,
and if you don't, start following them. If you also, I'm feeling generous today,
halfway through. All right, good to go. All right, first and foremost, guys, though,
we are gonna be just going over some mints that happened, and actually,
Jerry, because you're a first-time guest here, we'd love to just throw it over to you.
Meiji Blackheart, reactions to the four prize and what you guys expected from
unique 88 Collection. Why did you guys go with 88 Collection? Like, it's a, you know,
very low supply, comparatively. What were you guys trying to achieve for Meiji Blackheart?
I have no idea what the floor price is right now, actually, so I didn't do my homework,
so I didn't, yeah, my bad. I don't know what it is, but, you know, yeah, so, like, yeah,
I was talking about this earlier, and I think we could have done a bigger collection if we wanted
to, right? We could have minted out, I think, you know, any number. I think Sinja and I have
worked really for a long time to build up who we are and what the brand of Meiji is.
We pretty quickly, and it's a very easy decision for us to not do that, and to do something that
a lot of people haven't really tried to do, and that's do something really small and really curated,
and mostly, we wanted to take people that, you know, we love and respect, and who are
builders in Web3, or people who are really trying to advance the space forward,
and people who've been putting a lot of, like, time and energy and love into Meiji and testing
and helping us make the game better, and we want to take those two groups of people and, you know,
give them a piece of ownership in the future of Meiji, right? And to, you know, bring them into
the project if they aren't in already, and, you know, give them, you know, really what is going
to be our most exclusive asset that exists in the ecosystem, and say, hey, you know, come build this
alongside of us, and, you know, super happy with how it went. A couple people that missed out,
unfortunately, and, you know, hopefully, we can get some cards in their hands. But, yeah,
I mean, it went super well, you know, a little stressful, I think. Anytime you do a mint,
you're always, like, a little, there's always a little bit of stress, no matter if it's one
NFT or 10,000, but the people at exterior are great. It was flawless, super smooth. We had,
and, yeah, it went really well overall, and, you know, happy to have everybody in, and congrats
to everybody who got one. Yeah, and congrats to you guys as well. Actually, we have such a unique
panel. I have a question that's a kind of spin-off off of the Meiji, is actually collection size,
like what you guys are looking at, you know, I think Hustlepedia, Spark, Kix, you guys too,
last in 2021 and 2022, there was different sizes of collections. You know, 10K was kind of the
standard, and now we're seeing lower collections now. And also, Kix, you being a builder for so
long now, would love to hear your take on collection size. And for people that don't
know, Jerry comes from Metalcore, and so he's talking about the 10K collection and a lot of
things that he's done. He's actually well-versed on launching NFTs as well, so would love to get
yours too. But Spark, I want to toss it over to you first. In terms of collection size, what are
you looking at when it comes to collection size? Are you looking at a lower supply, higher supply,
and whenever somebody comes out with a supply, what makes you bullish or bearish?
Yeah, it's interesting because when you're in a bull market, and you can get this like virality
from the community, there's definitely a benefit there to having a larger collection size, because
you've got people rapping as the PFP they're talking about on Twitter. The more people
incentivize to talk about it, the better. I mean, that's not quite true. There's a balance there,
obviously. But there's a much clearer advantage, I think, in a bull run to having a large collection
size. But in conditions like this, where there's not quite as much hype going around,
it can just be too much to sustain. There's just too much sell pressure. I think
one thing with these sorts of really low number collections is, obviously, it gets you a higher
floor price, which is sort of, that's what's seen in the space as the indicator of quality. It's
like, how big is your floor price? Okay, that's the quality of the project in a lot of people's
eyes. Or the people that don't have time to look into it, they get shield a link to it in a random
chat, they look at it, they go, oh, it's like three-eighths, it's got to be a good project.
So that's definitely a benefit to it. I think if you're buying NFTs for the token AirDrop,
supply is a massive deal. A lot of people don't really consider that. The difference between a
2000 and a 4000 supply collection is you're going to literally get double or half, depending on
collection, as many tokens. So I think if you're buying for tokens, that's a big part of it.
The ZTX collection sort of was the collection that started the whole gaming NFT token AirDrop
run. They had like 500 NFTs and they AirDrop their holders. I forget how much it was,
but it was at least a few thousand dollars, if not, maybe quite a bit more than that.
It was a pretty big AirDrop and they could do that because it was 500 holders.
Depends on the market environment, depends on what the utility is. There's a few different
things going on there. Yeah, Johnny, I want to toss it over to you to kind of like round out
the trader talk. When it comes to NFTs, what are you looking at when it comes to supply?
Yeah, I definitely like lower supply collections. I mean, both of the collection back launch,
for example, 2K collections, I feel like that's much more controllable. And also like even big
brands and the bigger NFT collections that I've talked to in the past, it's so hard to satisfy
a group of 10,000, you know, and there's going to be people who hold multiple assets, but
satisfying 10,000 people versus 20% of that is much easier to manage expectation wise and delivery
wise to a smaller group. So personally, I'm much more bullish on smaller collections. Obviously,
everyone cares about the floor price, the scarcity effect, etc. But once again,
I just do feel like it's just more sustainable for the project to actually manage what's going on.
Because if it's too flooded, and there's too many opinions, like they say too many chefs in the
kitchen. And if you know, in web three, everyone wants to be the chef, and I think that becomes
the issue a little bit. So definitely bullish on smaller collections. Yeah, also just curious to
people that are in the comments, comment down below, what do you guys think? Are you guys fans
of small collections and or bigger collections? And I'm also very curious to think of you guys
whenever you guys go to these trading platforms, OpenSea, Blur, Magic Eden, wherever you want to
go. Whenever you're looking at a collection, and if you see a low floor price, do you like just
pass on it? I'm very curious to think see that kicks coming from like a builder side, you've
been in the builder's chair for a while now. What are you looking at when it comes to supply? Maybe
you're looking at a little bit different because you want user acquisition costs, you want marketing,
you want to make it spread. What are you thinking about? Yeah, certainly. I mean, I don't have as
much experience with the like NFTs that are like representing like the current meta, right, where
you're like getting like almost like a, you know, pass and then maybe like a token airdrop. I think
what SparkC said there made a lot of sense in terms of if you're a buyer on that side, you know,
lower supply can make a lot of sense. I think from the builder side, it really depends on two
things. Like one is like what is the purpose of the NFT within the overall ecosystem? And then two,
like how big of a game do you think that you can have, right? Because there's crypto games that
can be successful, that can be all shapes and sizes, right? Not everything needs to be, you know,
a mass market to be a success. So, you know, if you have something in your game, like let's say
land, and that allows someone that has land to get more, you know, base materials in the game to be
used, right? Something like that could make a lot more sense to be a limited collection, especially
if you consider what is the size of my player base, right? Like if you want something to have some
level of rarity, and you think you're going to have 10,000 daily active players, and you better
have that collection size, you know, under 500, right? Whereas conversely, if it's something that
you want a lot, like a lot of players you think are going to want to have, maybe it's a horse,
you know, that upgrades the travel in like an RPG game, you may want to have a supply that more
reflects that. Also, another consideration, right, is whether that collection you intend
for it to be static, or whether it can expand over time, right? If you look at like Axie
Infinity Breeding and stuff like that. You know, one of the tricky things, I think, from the builder
perspective is that the whole idea of asset ownership means that the decentralized owners
are setting the prices on these things, right? And that can create some, you know, weird price
dynamics, where you could have something in your ecosystem, and it kind of gets out of whack,
in terms of price, and then maybe like the expectations behind that price. So like, you
know, it's it there's no clear answer out there. But I do think it's something that like you want
to, you know, take some time in and have some consideration towards, you know, it counter
strike go, right? Think about how valuable some of those assets are, right? But not none of those
would be worth anything if there was 10,000 players total, right in the game, relative that to that
supply, they were able to have such a huge supply on some of these things. And for those assets to
still hold value because of their massive player base. So I always really like kind of ground
yourself in, where are your expectations for the game? What kind of player base size do you think
you can have and then and shape those sizes around that in addition to their utility?
Thanks, cats for the comment here. He says that I don't care about size or price to care about
utility. And that's what my wife says. So yeah, spark. Yeah, I think what kick set about,
you know, the expectations getting out of control, when the market decides that an asset is worth,
you know, a few weeks and the asset is not supposed to be valuable within the game. I think
that's something that a lot of builders don't understand is that in the mind of holders, like
the expectations increase in proportion with the floor price. Like if the marketers irrationally
decide that something is worth to eat, even though it's not supposed to be. And even though there's
like, general communication saying that it's not a Genesis asset, it's, you know, got this sort of
vague utility and it doesn't that doesn't lend itself to speculating on heaps of value. If the
market decides that they want to pay to eat for it, then holders will decide that, you know, their
expectations jump along with that. And, you know, obviously, like, that's fucking stupid. But when
it comes down to these things, it's not really about, you know, is it right or wrong for the
community to feel that way? It's more like, you've got to be aware of that to manage it, because
there's no point being like, Yeah, I'm in the right here. While your community is, you know,
wrongly up in arms about it, you still have to deal with the community. So I think that's something
for holders to be aware of that expectations rise along with floor price, and it's something to be
aware of and manage. For sure. Jerry, then Johnny.
Yeah, I just, you know, want to touch on one kind of question you tagged on at the end there,
Peyton, but like, do people care about floor price? And I think, like, and I felt this way
for a long time, that, you know, I think as, you know, gaming, you know, in blockchain and web
three gaming, whatever we want to call it at this point, like, as it grows, and as people come in,
I think, like, lower floor prices are probably going to be like a better thing, which is, you
know, I hope the web three people here that are currently here don't crucify me for that. But like,
when you look at things that are like access points to a game, or like items in a game, you know,
we have all made a lot of money by being here for the last like three or four years. But you know,
most people I think are still like, not there, right, you play Monopoly, go or something, your
microtransactions are like 299, right, they're not $299 for like an NFT, you know, mobile game,
right. So I think like, low floor prices have never scared me, I see them as like, more accessible.
Maybe that's like the past hood rat in me. You know, I don't know, like, I just don't think that
low floor prices is that bad of a thing. I think it's, I think for the current meta,
yeah, kind of sucks, because you're like, dude, I want to make money on this, right. But you know,
for as we grow, I think it's going to be more and more commonplace. And I think something that
people should start getting a little bit more comfortable with the low price is only bad if
the gas costs on the chain is higher than the price of that. That's the only time. Yeah.
Yeah, great. Yeah, yeah, that's a very good point. You know, yeah, if you have low floor prices on
like L1, horrible, right. But if that's on, you know, Arbitrum or Zai or something, and you're
paying like fractions of a penny, then you know, I don't don't think that's a huge deal.
I'm just saying that I'm an ETH maxi. And I pay gas happily every single time. Johnny.
Yeah, I'll harp on what both Jerry and Spark said. So on Spark's end, I completely feel it as a
founder. Like recently, our Nexus passes ran up to above two ETH. Now they're closer to one ETH.
But you know, our deliverables have been solid the whole time. Of course, the people that bought it
for two ETH that now see it closer to one ETH are like, okay, well, I bought this higher, you know,
you should ship product for me, deliver more. But like, you know, we're doing a lot for the
holders over there. And we know exactly the value we provide. So it definitely is a psychological
game in that regard. And I wouldn't say that founders need to change, you know, their roadmaps
for that type of, you know, I would say like sentiment, but at the same time, you have to be
aware of it, because there's going to be different entry points in your ecosystem. So just always
staying consistent with your deliverables is super important. And then the Jerry's point on the
cheaper assets, I think there's examples out there that just make a lot of sense. And, you know,
would you rather have one high value in FT, or there's great games out there with like a 0.05
floor price, but you know, there's a catalyst coming up, and you can sweep, you know, 10 20 of them
at the same price, you would buy a higher floor price, your appreciation on those things is going
to be much quicker if that game takes off. So I think it's a double edged sword, right? Because
you might only be able to afford one of a really high priced enough tea. Or there's those quality
ones you could stack and have conviction. And so it goes both ways. Yeah, for sure. Like I think
the meta two, and I'll get to spark here shortly. But the meta in like 2021, 20.2 is whenever we
got whitelist, we got three whitelists or two whitelists, right? Like, and that was the rules,
like, you know, keep one, flip one to get your costs, and then third one, let her let it ride.
And that was like kind of what it was. And with those lower supplies, you can't really do that,
which means that that person turns out of your community really quickly, even though they might
want it to be in it, right? Because you're not good, you're going to take that profit right off
the bat and then try to move on to the next one. I know I'm a hypocrite when it comes to that. But
go ahead, spark. Yeah, I mean, on that point, exactly. It's an interesting one, because the
flip side is if you give people to NFTs, if you every whitelist they can mint to almost everyone
is looking to flip their second one, like they're looking for it to double in from mint price,
flip their second one, and then you know, they've got no cost basis. So you also set up for a lot
of sell pressure. I'm not saying it's like better or worse. There's like too many factors involved
to say that's case by case. But that is the flip side of that. But yeah, like looking at the low
floor price thing in terms of in the present, when I see low floor price, I don't like crowded
trades like I like trades with more upside that are under the radar. I, you know, barely pay
attention to shit like other sides of the last year and a half because I'm never trading something
that has that many eyes on it. That's like there's more edge to be found for me in under the radar
collections. So I love finding a project with low floor price. Volume is more important there
because sometimes those low floor price projects have no volume and you become effectively stuck
in the collection. It's a becomes an all or nothing trade that you can't get out of,
which back sometimes it's, you know, very much worth that risk, risk still, but it's something
to keep in mind in terms of what Jerry's saying about low floor price in the future, when there's
more gamers in the space and you need a lower entry point from a trader's point of view. I
think when that time comes, what you'll be looking for is more factory NFTs, the NFTs that produce
those low cost NFTs, you know, whether or not that makes sense for teams to do like, that's,
it's going to be a case by case thing. But some teams will do that. They'll want the speculative
element. They'll want to raise money, but they'll want cheap resources and access points. So they'll
provide factory NFTs. So that's, you know, maybe where the meta will shift at some point in the
future. Love it. Love it. Great first segment. I will actually have a follow up question. But
before I do want to give a shout out to owned for rating our Twitter space. I see if you don't mind
would love to give another $20 USDC to somebody that's owned that came in and rated if you don't
mind doing that for me, I would love to. But the first $20 USDC is going to and I did not fix it at
all. It's AK 29 crypto. He's also another member of the wolves. Appreciate you, buddy. Retweet in
the space. So just think with me and DMS, I'll get you $20 USDC. Not on ETH, buddy. We're going
to go polygon. Yep. Yeah. In hypocrisy right there. I thought you just said that five minutes ago.
You see on ETH is more like $5. All right. Okay. Look at what they do. Not what they say. Like
example one right there. Hey, spark cut it out. All right. So Johnny brought up projects really
shouldn't change based on like the floor price or anything like that. That like has been an ongoing
discussion and I just want to have it with this crew because I respect a lot of your guys opinions
is that whenever like a project has to like adjust based on floor price, you know, and it's
probably will lead us to our next segment, which is like AOF and all the other things,
sky arc, all that stuff. Right. But before we do that, I really want to touch on that is like should
projects change things due to the fact that new entries are coming in because they're buying at a
higher price. So let's say that somebody is coming in and they found Nexus yesterday instead of
whenever you guys started to mint and couldn't get in at that price. You know, do you guys take
that into account? I know Johnny kind of said it, but would love for you to expand on it.
Yeah, I think in a post royalty world, it's really hard to change your roadmap, right? I mean,
not a lot of NFT projects go out there and get VC funds, etc. I mean, some do we will mean,
obviously, if you're building a game or whatever the case is, but, you know, in a post royalty
world, sure, if you're if you're getting those 7.5% in the early NFT days, you you all of a sudden
have this big stack of cash to build with, you could potentially add some deliverables. But I
think at the core of your project, like if you're just trying to audible every three months and
you know, adding new things for like a group or like alpha group or a software product or
launchpad offering, that's always fantastic. But at the same time, like, you know, the appreciation
and floor price, I think should be obviously depending on what you already have existing,
and then you just build upon that rather than completely like changing your offering.
Yeah, I think to to tackle it from a slightly different angle of if you are a trader looking
to buy into a project, should you be, you know, you need to be aware of that fact that there may
be little upside left given the mint price of it and what was promised. Or conversely,
is it a team that is willing to keep tacking on more utility to extend the value of the NFT?
I think for let's say a game that does have VC funding, right, that has the capacity to do that,
it comes down to the question of do they value the NFTs as a form of raising money more than
the benefit of the community of the marketing that comes from having a high floor price. Like,
I'm not making any judgment calls here about which way teams should decide. But there are some teams
that will give the bare minimum for the mint price and they want to raise as much as possible.
There's other teams that fully dive headfirst into the web three idea of like just value,
value, value, and it's going to pay off through a evangelical community and the marketing and
everyone's talking about on Twitter. Being able to determine which team that is can give you an
idea of, okay, is the upside capped here? Or is there going to be more announcements coming in
the future? And of course, those like those announcements that weren't promised and sort
of comes out of nowhere and there's like bonus utility, that's the shit that like drives people
crazy. Like they love that shit, floor price goes bananas. So it's something to keep in mind.
Gosh, geez, I want Spark to say bananas a lot. That's awesome. Jerry.
Yeah, that was bananas. And for some reason, it doesn't have the same ring to it when I say it.
I'm so conflicted when it comes to this, because there's part of me, and I think I might get
crucified for this, but there's, you know, a part of me that thinks that a project shouldn't
really be beholden to what their secondary price is, right? When they sold something,
they asked people to buy that at a certain price, right? And people bought that at a certain price.
And when if that spikes or craters or whatever, I don't know that it's fair for us to look at
that project and say like, well, you minted for point one, but now you're trading at one
ETH and people are buying at one ETH. So you have to give, you have to increase the utility
that, you know, you give to those assets. I just don't know that that's fair to have
as an expectation. You know, I think it is fair to look at the, as a trader to look at like,
I always look at those things. I'm like, well, is, am I going to get one ETH of utility from this
at this point, you know, and, and if I'm not, then I'm not going to buy it. And I don't really
buy a lot of stuff on secondary. So, you know, I get so conflicted. I don't really know how I feel
about it. You know, I'm, I'm, I'm still, I'm able to be convinced that, you know,
but I will say for me, as somebody who has influence in projects and shipping NFTs,
you always have to leave something like in, like you have to hold on to something you,
I think that a mistake that AOF first made, I don't know, like the PC way to say this,
maybe St. John's rubbing off on me a little bit too much. So I apologize. But like,
they kind of like blew their load too early. And I like they did too much. And I don't think they
had anything left to be like, Hey guys, we still got this, you know, they kind of announced
everything, saw this huge spike, and then fell flat on their face. And I think that's just
really novice to do, like, you need to give yourself as a founder or somebody as a project,
you know, something that you can continue to drip feed to people. And that way, you're,
you always have something that can kind of maintain and justify what that price, you know,
grows into. And I think they didn't really do that. And, and, you know, they're paying a price for it.
Yeah, and I just want so I want to get back to you to Jerry, because I do want to actually,
I'll just ask you this now. What about the flip side of that, they're like, you know,
they meant at a certain price, and then it dips below that should the projects be held to that
standard of what they sold that? That's a great question. And I think that what you have to look
at then is like, what is the, what is the team's ability to deliver? And is it is it dipping?
Because that team got in over their heads, and and they asked people to buy something and that
they couldn't deliver, then I think they need to get some heat for that, right. And I think the
space is can deservedly kind of dunk on those people. If it just happens, like organically,
if it just happens by way of secondary markets, and then how they work, I don't know that they
need to be beat up for that. But I do think that they should be I do think as a as a somebody who
sells something at that point, you are beholden to try to make money for everybody. And that's
my ethos, like forever project I've ever worked for, is if we're gonna ask you to to spend money,
you know, even if I could sell something for like an ETH, I would rather sell it for like
point one ETH, and let it run up so that I can make everybody who bought my asset really happy,
right. And I because I think there's no way to win fans in weather three more than like,
letting somebody like spark buy something for point one, and then he sells it for one ETH,
and then he tweets about you, and he loves you for that. Like, you know, I would rather leave
money on the table upfront, and sell something for a lower price and let my community gain the
upside of that. And so yeah, I do think if you're a founder, though, and your, your people are
underwater, you, you, it should be very high on your priority list to like, get them back and make
them whole. Yeah, perfect example of that was literally Jeremy overworld, right, came out about
the over allocation and then just, you know, puts a tweet saying, Hey, I'll just give you guys tokens
and everybody just shuts up. It's like, Oh, we love you so much. Shut right up, dude. Like,
seriously, that's that's what happens. Like, what about that? Like, comment, you said I deleted it,
I think yeah, of course, if you sell NFT, and it goes under the price, the founders are accountable
to deliver at least ample value to the holders. And it's the same thing. I've my $90 vacuum cleaner,
I've gotten $90 out of it, you know what I mean? My, my Mac mini for the content has gotten its
value, my gaming PC, I've gotten my value out of that. And another point that I think I think
Jerry just said there, or it was either you or Peyton, but if you also enrich the people in
your circle, and not talking about, you know, spoon feeding them, giving them money, not even
on the airdrop side, but if you provide them that value, and they're able to take what you give them,
and then also turn it into profits in some other way, whether it's through NFTs, whether it's
through trading, you know, in kind of like teaching them how to fish as well. I think that's like,
been the key for us at TTOO is like, a lot of our members, no matter what they pay for the NFT,
they know they're going to get ample value back in the investments and the opportunities that are
going to come from that group. So like, that's where they'll get that intrinsic value regardless.
And, you know, that's how I kind of see both of those, like you have to be able to give your
holders some way to feel validated that they paid that price, no matter where it's at currently.
And then of course, if you sell it, and it goes under, you owe them at least the value that they
paid for it. Absolutely. And so yeah, it's crazy, right? Like, a lot of things that is happening
right now in the space too, is like the the dGen rounds, like I think SparkC added earlier on in
the space about how a lot of these builders are using these NFTs and tokens as raises in lieu of
like VC rounds, right? I just saw Gui put up from AI Arena, they just got a recent funding round,
but it's probably also because they're double dipping into the AI aspect of VCs, right? And
I've talked to a few VCs, Galaxy Interactive, Griffin Gaming, and there's a lot of people that
are just kind of passing on crypto gaming this cycle, and really focused on AI and UGC. That's
kind of the new thing that's VCs are putting into. And I recently spoke to a venture capital,
and this is just alpha for people in the room, is that, you know, they see the benefit of like
PowerWorld and some of these steam indie devs and how they've made huge games with a lot less than
what current crypto and web3 games are using. And it's just kind of given them a bad taste in their
mouth when it comes to that. Again, that is just from like one VC person, but I do highly respect
that person. So they're kind of looking at crypto gaming and a lot of lights of like just saying,
it's like, well, we gave a lot of money to them, and then they're kind of not doing anything with
it. And so, yeah, just food for thought for us. And right, so that means that, to Spark's point,
they're probably going to be doing a lot more DJN rounds, which means that be careful out there,
be able to say some things to try to get that first initial round of funding and then slow rugs.
So just be careful out there, pick wisely. Good founders like kicks, right kicks? So let's move
on to the next segment. We're going to talk about AOF and Skyark, talking about builders doing a
little bit of shady stuff. AOF, we kind of touched on a little bit, Jerry, already. So actually, I
want to just talk about Skyark real quick. Skyark kind of used their 2021 round to kind of,
I guess, tell people that they got raised by Binance. And Spark, you've talked a lot about
like the power of Binance. Why do you think they used Binance as their leading like figure?
Yeah, I mean, the meta at the moment is all about token drops for NFTs. And they're doing an NFT sale
that has a token drop attached. So if you can say that you've received funding from Binance,
you know, you've got a better chance of getting listed on Binance. And everyone knows that if the
coin does get listed on Binance, then it's going to, you know, it's going to perform far better
than anywhere else. It's a night and day difference really between Binance and anywhere except maybe
Coinbase. So that's why they lied about it. Like they technically didn't like if you read the words
like literally, then they didn't actually say that. But you know, they knew what they were doing.
Like they heavily implied it. Binance reached out to them and were like, can you remove this
announcement? And they didn't do it. So, you know, fuck them. They raised like huge money in the NFT
sale because of that. They didn't refund any of the people that put in the money into the auction and
won. So these people paid way more than they would have if they had have known that they didn't
receive the Binance funding round in 2024. So, yeah, I mean, that's why they did it. They got
what they wanted. They've come out and given a little apology and, you know, people won't take
them seriously. And I'm sure a bunch of their community hates them, but they raised a whole
bunch of money. So they're probably counting as a win overall. Yeah. And so maybe just a following
question to that. And this is maybe targeted more towards Spark and Johnny's like, how do you pick
the teams that won't screw you and which are worth trusting in and caring about their holders?
Like, how do you like, you know, go through Skyark? I know you said, like, if you read the fine print,
but a lot of people probably don't. But any tips on that regard, Spark, C, and Johnny?
Yeah. So, I mean, I was actually in the middle of writing up a thread on this point. Obviously,
you know, once you see a team come out and lie and backtrack and whatnot, then you've already,
the idea is to try and figure out beforehand if they're a trustworthy team. You know, I think
some of the things to look for involve how they treat the community in terms of,
is the founder spending time with the community? Like, number one, if they're in the Discord,
if they're chatting to them, people don't want to go and befriend people they're going to let down.
They don't want to jump in the Discord every day and chat to people knowing that they're going to
let them down in the future. Like, that's just human nature. If they, you know, have made an
honest fuck up before and they made it right, always a good sign. You know, do they let the
community hold them accountable? Same sort of thing. Do they have a public presence on social
media? Like, similar to the reasons why you don't want to spend time with your community and let
them down. You don't want to build a reputation on Twitter and then fuck everyone over and everyone
on Twitter is calling you out. It's a lot easier to deal with that as a founder if you're not
on Twitter with a public presence yourself. So that's a good sign. They've got a public presence
on Twitter. You know, there's, there's some other little things like, do they understand web3?
Do they badmouth the speculative side of web3? Like, there's, there's a few things like that,
but I think they're the main ones, the ones I mentioned. Yeah. And take, keep on following Spark
right now, guys. Go to his profile. I think you're probably following him already, but put
notifications on for that thread. I'm looking forward to it, Spark. Johnny, what do you look
at when it comes to the teams and whenever you want to put a position in either a token or an NFT?
Yeah, for sure. There's a lot of different things. Spark hit on a lot of them. Obviously,
people really matter to me. Like, I would, I would bet on Kix. I would bet on Peyton. I would bet on
like Sinjin, Gui, Jerry. I would bet on these guys to ship because I know that like, first and
foremost, they have great intentions. They have experience in the space and they know what they're
doing. Second of all, one thing that Spark said, web3 native is going to be the web2 incumbent
every time. And the reason I say that we just saw AOF completely fumble with their NFTs. And I think
it was a lack of web3 knowledge. And like Spark said earlier, they blew their load way too early.
And that's so true. Like there was no speculation left in the NFTs and a lot of projects, you know,
we don't want to be, you know, you don't want to be led on, so to speak. But at the same time,
you want to know that there's more in the pipeline. So people who understand how to play the web3
game, I definitely like backing those types of projects that can, you know, marketing hype,
but it is what it is. That's how the space goes. And then of course, like, not only with the hype,
I like the people that deliver and like, you know, that if you if you mess up, like, let's just say
overworld, they made it right with the token airdrop. So like, if you completely fix that error
immediately, and you didn't just pave your way forward, you're still building, you're still
progressing, you're just shipping product and updates consistently. Like I think the frequency
of your updates, the people behind the project, where they came from, their track record of
mistakes or lack of mistakes definitely matters to me. And then I would have to say, like community
sentiment definitely matters too. Like you look across the space and you see like pudgies all
over your timeline, you see different collections, you see wolves, PFPs all over the timeline, like,
and people vocally saying what they get out of those communities. I think that that also
matters to me. But as far as that, like, and that's how you know that the community believes
they're delivering. So those are a few things, I guess that Spark kind of touched on that I also
agree with, and then a few other things. That's good. It's good. Hearing it from both you guys
is awesome. Jerry? Yeah, I think a big thing for me is like social proofing things. And like a
really good way of doing that, like Spark said is like people that are just that like, I'm lucky
I've been in a space for a long time, I can just talk to Johnny or I can just talk to Peyton and
be like, Hey, what's up with these guys, you know, and I'm you guys are pretty accessible for me.
You know, but also like, there's a ton of founders like in this space listening to us talk right,
like Brian's in here, Kway's in here, WAB is in here, Syngin's in here, right. And like that says
a lot because they're not even here to speak, they're here to listen to people talk so that
they can keep their finger on the pulse of what's happening here, right. A lot of people are very
willing to go to a space if they're going to be given a space to like share their project and share
their thoughts and be like the smartest guy in the room somewhere. Not a lot of people who also are
invited to speak a lot of places want to listen to people to just so they could know the environment
that they're building in. So like, that's a huge thing. Like if you see a founder just in a place
listening to, you know, us talk, I think that's a that's a very important thing for me because
they know what's going on, they're not gonna, you know, make a mistake that some of the other teams
that we're talking about, like would make, you know, the other thing is just like, get yourself
in a group of people who are immersed in the space to like, my trading and my knowledge and all those
things went through the roof the day I joined wolves now. So just find a community of like-minded
people. If you don't know how to get into one, make one. I mean, like Johnny is a very good
testament to that built a huge community out of nothing, right? Peyton did the same thing. So,
you know, don't be afraid to be a little proactive in it either.
I think Joey made a really good point there that if a founder is not listening to this space
specifically, they probably shouldn't be trusted. So that's part of the narrative we should start
pushing is they need to be listening to the alpha wolves. If you want to trust them, just putting it
out there. Yeah. And speaking of that, if they also don't read, I'm just kidding. I want to give
a shout out to Bri as well. Because I think one of the signals that me and Spark C found out whenever
infinite God started up and we saw Bri was that he literally got his hands dirty. And he was
literally giving us alpha GDC about, Hey, so you should buy some sheep like from like Wolf game,
game that's like not even his, right? Like it just makes me like super bullish that people participate
right? Like in it, like whatever people are doing, whenever the bull market really starts ramping up
and a lot of us felt 2021, 2022, the gas wars that happened, right? You paid 300, 200 dollars
worth of gas for a mint because there's so many things that are trying to push into that block.
It's absolutely crazy, but because there's like a quote unquote playbook during the bear market,
when there's not as much transactions pushing through a block, then you have like
no issue with gas, right? So you could have an hour time window for minting.
But I remember back in 2022, we would have 24 hours to mint because obviously would sell out,
but you would have like a whenever I used to do it whenever I was in California, minting out at
night because the gas was only 50 bucks instead of the hundred dollars that it is. And that's going
to get worse as the bull market starts pumping, pumping up. But I also wanted to kind of just
transition here with, you know, web three gaming narrative, it's kind of cooled off. And I think a
lot of us said that it needs to cool off before we actually proceeded. And so I'm just curious to
see to hear what you guys think. Are you guys still bullish on web three gaming? Is web three
gaming dead? What's your guys thoughts before we move on, Jerry? Yeah, I'm gonna ignore that
because I wasn't done talking about the last thing. So if I may, real quick, Peyton, two things. One,
I was there for that conversation. I believe he said, you're a sheep, not buy a sheep. No,
I'm just kidding. But the other thing, just a quick show for my boys. If you think you're
gonna make a mistake, and you're not sure what you're doing, hit up wolves down. They're doing
advisory now. I mean, they're here sharing awesome knowledge for free every day. Imagine what they
would do as a partner. So, you know, if you're not sure, fucking explore, ask a couple questions,
these guys are going to help you. Appreciate you. Jerry, I'll send you that $20 USDC.
Jerry's the one that retweeted the space and he is the one that won it. So,
no, I appreciate you, Jerry. But I also just want to hear your guys sentiment around. I want to go
through all the panels on this one. What's your guys sentiment on web three gaming? How are you
guys positioning yourself in kind of this law? Is it under macro conditions? Would love to hear it.
Johnny, do you want to go first? On the NFT gaming mint side, so web three gaming mints,
I think are just right now currently oversaturated with the airdrop narrative, the just frequency
of mints. It's just a few like, we've said this a few weeks in a row, but it was mint everything
season. And I think we're about to start seeing that very much slow down, just depending on project
quality and exactly like the expectation for it. As some of the recent launches have kind of like
fell under expectations on the on the exception of the Meiji black card. Shout out to Jerry for
that one and sinjin. But yeah, I think web three gaming NFTs are definitely going to slow down.
It's just very played out at the moment in time, thanks to some of the big men's and now a lot of
people are just coat telling it for fundraising. As far as the tokens, of course, there's going
to be seasons where the tokens are much hotter than others. When big time was blowing up was
kind of whenever we saw all the other web three gaming tokens doing really well. Prime was
crushing all all the ecosystem tokens in the gaming space were just absolutely ripping. It's
obviously going to be dictated by broader market conditions currently. But I'm a big believer that
web three gaming will come and go with hit games. So like the crypto tokens specifically not not the
NFTs. Whenever there's a big hit with Axi, it drove the whole market of gaming with big time,
it drove the whole market with parallel, it kind of they were right before the market surge,
and they were one of those market leaders, right? So I think the next ones you look forward to
just naming drop like name dropping a few. When shrapnel fully launched its polished product,
when off the grid comes out, when these big titles start dropping, and we actually see the
virality of those on the timeline. I think that's when we really see the attention on gaming. And
obviously those specific ones will do really well. But it kind of just lightens up the whole gaming
market whenever there's a smash hit that's getting a lot of virality. So I just think it's,
you know, it's narratives. And we're one of we're one of like 50 narratives in crypto.
Things come and go people are focused on airdrop farming, mean coins, all that good stuff. And
it'll come back around. These are the times to be paying attention though, if you want to capitalize.
Yeah, we're doing every single panel. But Jerry, you want to reply to that?
Yeah, no, I just want to echo like, it was meant everything season. I think we've gone past that.
I think it's it's free mint season, you know, which I think is as a, if you're, you know,
a project founder, maybe a little less sexy than it was to mint two months ago, you should have moved
a little bit quicker. But I also think it's it's very much about transparency right now from the
teams, right? I think now that there's been there's, there's this happens in crypto every time,
right? Things are going well, there's a couple teams that fuck it up for everybody else. And I
think, as a space as as like the D gens that we all are, we need to hold teams a little bit more
accountable. So I think it's it's all about transparency right now, right? And if a team
is not able to answer your questions, like fully and succinctly, and you know, with with knowledge,
and you can tell that they've done their homework behind those things, I don't think it's a good
time to be touching things. That's, that's my, you know, personal thesis right now. And, you know,
if somebody can't tell me exactly the benefit that I'm going to get upfront, you know, that they
don't deserve my couple hundred dollars. No, that's good. Good. Good statement there. Jerry,
I'm still getting used to your rebranded. And yeah, there's there's a lot of things coming up
to I think with GDC, some people are just the projects that are shipping, it's a weird cycle
now for us that what we're trying to learn, people being in here, last cycle is now there's this kind
of weird transitionary period for games that it's been two years, three years since they're meant,
since they're raised on VC, and they are in pre alpha alpha beta. And now it's just like, okay,
how does it perform in that type of light? Where like shrapnel? Yeah, like Johnny said, it's not
completely polished, but there's gray boxes in it, right? Like dead drop and everything like that. So
very curious to see I'm keeping my eyes open when it comes to that kicks. What are you looking at
when it comes to the sentiment around web3 gaming? Yeah, definitely. I mean, I feel like it's safe to
say that we're pretty, we're pretty spread wide right now. There's there's a lot of new tokens
out there that have been added recently. And on top of that, like the existing tokens have have
seen some nice run ups, although some have pulled back. I'm heavily weighted Ronin right now, which
definitely feels great. Because that's like the one thing that's as like holding up and still
going up. But in terms of strategy, right now, I have a decent amount of cash on the side. Because
I think it's a it's a good position to be in, where if things start to get hot again, okay,
maybe I missed like a little upside. Like Ronin, I bought it like 80% off the lows, right? Like and
it's a cooked after that, right. So it's not it's not about like, getting it at the best
possible price. So I can use that liquidity if things like turn up really quickly, I start
making some moves. And if things retrace, well, now I have liquidity and I can get some good prices
on things because I'm very long term bullish. But I think that if if we just want like,
everything's going wild season, right? That's that's usually influenced by like, you know,
the majors first, right, and then it trickles down. So we'd want to be we'd want to see
he's making some moves or Bitcoin making some moves saying, Okay, this this whole broader thing
has legs, right? If we're not in that position, then I think it's great to be looking at things
like someone on the panel brought up parallel and how Prime like led the market Prime started moving
in August, whereas most other things started moving October, right. So when we're in like slow,
quiet periods. That's where it's a lot easier to put your ear to the ground, right? And and
identify some opportunities that are, you know, going to be like the market leaders. So, you know,
it's it's not fun to be patient, like, hey, you know, if you're on like a whitelist, you know,
get that money, right? But like, if you're sitting on the market trying to buy things secondary,
I think you got to be, you know, patient right now. And that's boring. And no one likes boring,
we're all on web three for the dopamine hits, right. But this is where you can give back some
chips at the table, depending on how things go, right. So, you know, just keeps it. I like to
keep some cash. Let's see what happens. Hey, do you shout out Ronin? I heard Finn yell from here,
dude. Yeah, I guess the best thing about that. I didn't even I didn't even manifest that idea.
And that's 90, like 90% of my trades. I'm not just like manifesting something out of thin air.
Like one day I was like, you know what, Ronin, I haven't thought about Ronin. That thing is just
amazing. No, actually, I was in I was in the Wollstow discord. And I think Jackal and like
someone else were like talking about like underdog plays in October, and they they brought up Ronin
like laid out the case. And I was like, I was like, you know what, that makes a ton of sense.
Like what they just said, that sounds actually pretty smart. So I'm going to look at buying
these. And then I bridge money over to Ronin. And I'm like, wait, you got to bridge money to buy
this token. Okay, that's even more bullish, because most people aren't gonna want to do that.
They're gonna be like, wait, I got a bridge, not screw that. So anyway, shout out to Wollstow for
originating that play putting putting that on the table, you know, just in a nice PDF format,
just both thesis. Yeah, 100%. And he mentioned Jackal. Jackal is a very underrated content creator,
works for Delphi Digital. Very smart dude has his own podcast, I would follow him. I'll try to
find it as spark. Double tap. Excellent. But yeah, double tap. Thank you, Jerry. But I'll also pin
it up to the top spark. You want to take your turn? Yeah, Jackal was onto Ronin early and also
on to topia early the high topia token. So definitely want to pay some attention to.
Yeah, I mean, for myself, I think like what Johnny was saying in terms of what can
reignite the gaming run, like a big game would be the biggest of things to do that, you know,
like another axi. It doesn't have to be as big as another axi. I am like, you know, I'm thinking
that what is going to be needed at this point is something that draws liquidity in from outside
the gaming bubble that appeals more to people outside than in it, perhaps, because there's
just not enough money flowing around web through gaming at the moment slash everyone's holding a
thousand NFTs from the last few months. They're just minted. So, you know, I think you're looking
at then it's a good opportunity for more heavily financialized like Ponzify games like friend pet
when that took off, like expat, those sorts of ones that just really appeal to the telegram
shitcoin traders. You know, in moments like this, they can make a bit of a resurgence.
I think there's still the opportunity for one of the anticipated airdrops to perform and then
reignite interest. So like overworld is one. You know, speaking of Ronin, there's the pixel airdrop
coming up and there's some high expectations there. I'm not saying that either of those will
be big enough to do anything. But if they did overachieve, then they're ones that can reignite
that interest again. And look, you know, like there's the whole blur blast narrative going on.
Maybe we get a bit of a resurgence of just the NFT meta in general, PFPs and all that,
and that should trickle down to gaming or include gaming. Certainly lots of those people have had
very little to speculate on in NFTs in the last six months other than gaming. So they're more
aware of it now. So they're the things I'm looking at that could reignite some interest.
Myself, I am mostly in the same long term NFTs I was in before this little run. I've sold out of
most of what I bought into except for overworld. Most of the tokens I'm looking for haven't launched
yet. So I'm waiting on token launches to come up. I know Johnny mentioned off the grid. That's
another one to pay attention to their tokens coming soon with the launch of their game.
And they've got like Dr. Disrespect playing the game. They're going to be on consoles.
That's a really polished looking shooter. It's the most polished web three shooter.