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Alpha Wolves #5 | Age of Dinos, Bloodloop | Lessons from 2023
Recorded: Dec. 29, 2023 Duration: 1:01:40Space Recording
Full Transcription
wielder of wisdom the invoker of nft insight is my man spark see hey hey how's it going boys it's
uh feeling good had a couple days off over the holidays ready to jump back into it and uh yeah
talk some trading talk some gaming let's do it bro it's so great to be back from the holidays
and get ready to embark on this epic odyssey with the wolfish wizard of the gaming realm this wolf's
keen senses helps him definitely navigate the gaming market's turbulent terrain with the grace
of a seasoned pack leader as the director of marketing for champions ascension and the
luminary behind the wolves now he's no stranger to conquering challenges as colossal as mountains
with the determination of a wolf on the hunt he fearlessly spearheads these endeavors always
hungry for the next opportunity yet when the work day ends he's exchanging his professional pursuits
for the heartwarming hustle of fatherhood his love and commitment to his family a mirror of the
protective instincts of a devoted wolf safeguarding and nurturing his young ones please welcome to
the stage the curator of canines the patron of pooches you know who it is the founder of the wolves now
peyton okalani couple vinewikaleva here yeah what's up boys yeah i'm excited to be back especially
talking to you two of my best friends in web3 man it's always a good time also wine in my hand it's
always a great time it is always a great time man and this one is all barky boys just me peyton and
spark c but i gotta give a huge shout out to our sponsor mix mob yet again prepare yourselves valiant
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valued at 250 dollars on today's episode which i'm really excited about thank you so much uh for those
giveaways mix mob if you guys want to comment retweet the space etc we're going to give it to
some people that are supporting what we're doing here we're jumping into the very first topic age of
dinos also on the exterior uh launch pad uh run by jeremy horn which obviously was behind overworld
super super hyped they have a very unique mint strategy age of dino is going to be doing something
where essentially it's a bidding system uh right now there are bids between 0.2 ethereum and like 0.6 ethereum
the highest 4 000 or so bids will be what get nfts and then if your bid isn't high enough
you don't get an nft i'm going to send this one to spark c first i would love to get your sense of
what is uh your your opinion on this kind of mint approach
yeah so it's an essentially a fair auction um which we saw some of those in the last bull run
um if i remember correctly we began with dutch auctions and then people started to get uh over
those and felt like they're extracting too much and the fair auction was implemented as like a step
down from that but it's still um it's still you know the team trying to get as much mint revenue as
you can like that's that's what it is and that's like doesn't have to be a good or a bad thing or
whatever um so it's interesting because we're obviously pretty early into the the bull run or
whatever this this is at the moment and this is the first team that um you know we're still seeing
some teams do free mints um and now we're seeing the first team really try and come out and use mint
mechanics to make as much mint revenue as they possibly can i think if they had have gone for
something like a dutch auction it would have drawn too much fud um so i think this is this was their
best choice if their goal was just to make as much money as they can from the mint itself i think
you know i think they've seen how overworld did and they saw that it was you know 0.15 and there was
you know probably a hundred thousand people willing to buy at that price and the supply was 6k
so they said like look there's obviously an appetite out there for more we should be charging more
um i do think there are enough people out there that would be willing to buy it at 0.2
from what i hear like it the game seems to have a decent amount of hype in the in the west um but
the game is run by an asian team i believe it certainly appears like that and i've been told that
out in the east is where they're mainly targeting and where the game is a lot more hyped so it might be
uh a deceptively a deceptively hyped mint i think it's gonna not have any trouble selling out it's
4k at 0.2 um it's probably going to go for higher than 0.2 as well i think the mint is on the 10th of
jan so we'll see what's happening around then that's probably the etf date as well so that's um
perhaps a volatile date to pick for the mint but yeah i think my biggest takeaway from seeing a
a mint with this sort of auction mechanic is that this tends to be what you see at the end of hype
cycles where a lot of projects have done well teams try to maximally extract doesn't have to be in a good
or a bad way and when you get some of the really hyped mints go for this approach and everyone was
everyone with whitelist was thinking that they were going to make a bunch of money people were waiting
to buy on secondary and then all of a sudden the mint price is way higher than they thought uh the
returns on the secondary are way lower than they thought a lot more liquidity goes out the market
no one's expected these tend to be the signs you look for for the end of a hype cycle now i don't
think um age of dinos is a big enough mint that it could have that impact and i think it will probably
do okay regardless but i think you should watch out for more teams employing strategies like this
because the more of this you see the more you tend to be towards the end of a hype cycle
mr payton i would love to hear from you and the audience is this something that you think
is is more fair than a dutch auction and obviously as somebody who's also on the product side with
champions ascension you also worked with azura games and took them to mint i understand what
spark is saying about potentially feeling like maybe overworld left some money on the table from the
product standpoint because clearly there was enough hype that plenty of people wanted to buy it
how do you approach that in in is this a strategy that you would advise somebody to do
um i would not advise to do that mostly because of what spark is saying you're trying to get
as much money as you can from the uh consumers and that's completely fine it's not good or bad
right and some people might argue from a business perspective that's they're doing exactly what
they should um but when it comes to like web3 and i've seen the end of a cycle uh as well as
beginning of one whenever you start with a low mint price uh it actually ends up giving like more
goodwill and upside for a cohort of people within your community to really be that ambassadors for
you um really like money talks right in terms of what that opportunity was uh i've seen um collections
that have stayed at the same price as mint price and their community being super bitter um i've seen
ones that have executed and their floor is lower than their mint price and they are giving actually
like fundamental use cases for their assets and the community is really pissed off i know of you
know projects out there and actually overworld the perfect example right you're sitting at multiple
x's above the um mint price and a lot of us don't have a lot of issues with overworld and there's no
game and so like that's really what it comes down to i'm like kind of just stating like the obvious
here but i think for me whenever i look at like an age of dino mint or somebody that's trying to
extract like right at the amount that they they could get uh there's not really much upside for the
community there to like be your ambassadors and to really work and be really i don't know rabid fans
i guess that's all i would have to say to that but i would love to also hear from the community
for sure yeah and i'm also curious if you might uh be able to make up what you would make so let's
say overworld instead of being 0.15 was a 0.2 0.25 uh if it was an auction system that let's say 0.25
average is what they ended up making uh i would assume there would be less trading volume so you
might be giving up royalties of course the royalty debate gets really complicated where some platforms
aren't even enforcing them but you might be giving up some of that added trading volume in exchange for
a higher mint price sparks the i sent it over to you yeah i mean it's um this is sort of stating the
obvious as well but i think a lot of teams miss this is there's you can't charge for the mint price
what the nft will become worth on the secondary market so like overworld sitting at 2.2 eth right
now like obviously if they charge 2.2 for them in it would have completely flopped you can't uh you
can't charge anywhere near that in fact if they have charged 1e for them in 0.5 for them in it probably
would have completely flopped so it's a very fine line you can only you can only bump that up a little
bit like i think they would have sold out perfectly fine at like 0.25 um maybe 0.3 but like you're
pushing it but like the like payton said the higher the mint price the less volume there will probably
be the less enthused the community will be with the less money they've made and i think if you had
charged 0.3 for your overworld mint you would be sitting at a lower secondary price right now as well
possibly like quite a bit lower so it's it's a balancing act and i think a lot of teams look at
overworld and go oh people are willing to pay 2 eth obviously i can sell my nfts for like 0.5 eth or
1 eth and it's not as simple as that i want to give a quick shout out to chelsea in the audience
she says power of web 3 is for the community to set the price and rally around building a community they
want and can afford to be in part of uh part of early on tastemakers should be awarded couldn't agree
more there payton i send it over to you i was also just going to say um when it comes to azra
one of our biggest uh whales came in probably like four or five days after um mint because of the
volume uh that we had i think we had 1500 ethan volume um and ended up being that he owned up like
one percent of the supply to two percent of the supply and so it was pretty crazy to see that volume
actually created enough advertisement for us to get interested to then check out marco tarot made you
know star wars galaxy hero shout out to azra team uh what they're building there and so very
competent team so don't also i guess fade volume and people that you know you try so hard in terms
of your marketing and to get the out there at the white list in the right hands but sometimes just
getting that volume out there and being trending on open sea really attracts the right people
well said payton gotta give a shout out to jorge in the audience too he says how do i win the
mix bot pick me uh jorge you gotta chime in on the show we want to make sure we're giving it to
somebody that's helping us get out there into the world jacksy also says it doesn't have as much hype
as overworld and it's all about money i'm looking at ttt which is also on exterior it is pretty exciting
to see a bunch of exterior mints coming to the surface we move on to the next topic grapes volatility
grape coin has been on a wild ride ever since it launched it recently dropped all the way down to six
cents before recovering 60 percent uh in the last 48 hours or so to 10 cents i'm actually not sure
where it's at i haven't checked it uh since this afternoon gentlemen my question for you guys
thoughts on grape coin but also how this might affect the rest of the market because we've talked
a couple times now about how liquidity from grape coin is definitely going to be affecting other things
like uh army of fortune nfts which are also waiting for their uh airdrop and then also of course
overworld which is on the tip of everybody's tongue right now uh peyton i'm going to send this
one to you first what do you think about grapes volatility yeah volatility wise it's actually like
in terms of volatility the first the reason why like it probably spiked up to 0.24 is because of the
supply and the tge at the time there was a lot of volume uh at first but it's kind of been steady
uh it's currently at 0.095 so nine cents um sam and i think when it comes to to grapes and token what
i'm really looking at is like has it held uh for what we're like anticipating for like overworld
uh and for all of these tges like what's the appetite for the tokens still and it seems like
it's the volatility is the volatility doesn't really bother me too much there's very low uh circulating
supply uh only 10 of the whole grape token is in circulation so it means that it can be uh fluctuated
and volatile due to just liquidity coming in off of any major announcement right so grapes said that
they were going to be adding revenue into or using the revenue from their app uh to be able to purchase
back uh the token which then has buy pressure which increases volume which then in a small circulating
supply token increases price and so yeah i'm just really kind of monitoring grapes and what they're
doing in terms of their strategy it's very i'm very fascinated with it so i am definitely going to
keep on monitoring it uh and so there's nothing to monitor anymore so yeah it definitely feels like
something that we have to keep our eyes on i want to give a shout out icb in the comments also says the
auction system for age of dino sounds less annoying than a dutch auction but uh i don't love it and i don't
hate it at the same time spark c going back to grape coin what are your thoughts on all of that
volatility that we're seeing yeah it's um so like you said it dropped down to six cents it's back up
at 10 cents now that's because the team put out an announcement about the utility of the token um it
was pretty much just a pumper mentals thread so they're talking like big staking bonuses up to 100
apr the coins moving to ethereum um or at least it's going to be on ethereum as well as bsc
and you can stake the coin for an airdrop so you know they're pulling out all the stops to support
token price they have certainly shown that as a team they care about the market prices and they care
about supporting price um they've been pretty creative with that i think what you have to look
at at the moment is what catalyst do they have left to support price you know they've launched the nft
they've launched the token they've listed on a bunch of like reasonable exchanges um they've thrown out
news about like fortnight and their games and the buybacks of the token like they've yeah they've done
a good job so far but it's like what do they have left uh and to me i think what they have left to
support price is either like a binance listing which everyone wants very hard to get or the actual
game itself being a success you know and they do have games out at the moment that are playable
they're getting revenue very small amounts but they're just i'm not sure what they've been doing
for user acquisition so far um and you know when uh when game revenue goes up the buybacks come through
there's a direct link between the game success and the token price so i think if you're holding grapes
now you're betting on the game success um which you know it's it's a lot nicer to be betting on the
game success when the game is out and playable rather than waiting like a year or two so um you
know it's not the worst position to be in but i think that's what you're looking at now and you're
going to be fighting against you know token dilution investing in airdrops over the coming years
because payton said there's only 10 of the supply out at the moment i do think it's as we've said
before it is important that the great coin does well at least in the short term it's still the flag
bearer for the gaming nfts with tokens meta i think a strong initial launch is the most important and
they did hit like 15 cents like a 7x for holders um i think if it's down only afterwards that is
an issue um a lot of people think that everyone that gets a token airdrop instantly sells it and
that's not actually true a lot of people hold their token airdrop and if you have an airdrop where
everyone instantly dumps it then the price just like the whole thing's a flop like it's not good
you do actually need some people to hold your airdrop so you don't want to see coins like uh grapes
being down only because then people will look at their nfts for their token airdrop and going
well i'm obviously going to sell this because the token's just going to go down afterwards so
it is important that there is some level of life to the token going forward and i think like back up
at 10 cents now that's you know almost a 5x off um the pre-sale price i think that's healthy i think
that's that's positive i would like to see it maintain that level for a little while um and i think
they'll reflect well on future gaming airdrops if it does
peyton what do you think the likelihood is that we go up from here on grapes and if we do say
see a 2x from here what does that mean for the market versus if it if it dips down let's say it
cuts in half from here what does that say for the market of course nothing we say here is financial
advice this is all opinion based but out of curiosity what do you think yeah i think it's
2x from here i would say it's very tough in my opinion um to sparksy's point there is not much
else that they can do um in terms of pump mentals and pump tactics i would say that if we do see a
2x obviously it's you know the appetite is extremely good when it comes to tokens there is more volume
steadying in but i also don't know if the volume is coming from the team itself with uh the revenue
that is coming from their app you know app store specific revenue uh as well and so uh that could
cause specific buy pressure but that also means that you need a lot of revenue coming in through
those applications uh that they have on the app store um i would say if it goes down i don't know
it's hard for me to really uh understand in terms of the grapes ecosystem like how that will reflect
on like overworld and stuff probably not in a good way but at the same time i think there's a lot of
people holding uh for uh overworld and people are also looking at token airdrops all across the way
and so selling off liquidity from great great coin to see where it is and like you know you guys can
check this in terms of bsc people selling off where they're kind of uh using in terms of breadcrumbs or
any other uh bsc scan or ether scan especially when it's on um ether scan when they come over to
ethereum you can see where those outflows are going or is it camping into us stable coins is it going
into another gaming project that's something that i really like to do as well is to kind of start to
track some of the holders that are smart sellers that that sold the top and really track their
wallets and see where they're putting it are they just parking it and seeing where they're going to
be deploying liquidity or are they going to be moving into another nft right so that's something i
really like to do um when i have some spare time um and yeah that's something that i look at for for
great coin especially whenever they're coming into ethereum i want to see who goes in who comes out
where their inflows are going and where their outflows are going spark c over to you yeah and
i would just add as well in terms of like the games becoming a success and the token doing well off of
that the expectations among holders and among the space in general for what counts as success
are really low so i don't think the game needs to be a massive success for speculators to prop the
token price up a lot i think you can see by mobile gaming standards like very very modest numbers
but they look so good compared to existing web 3 games that people will freak out and go oh my god
this game is amazing and like you know this game's making 30k revenue a week and they will just assume
that that 30k revenue is there forever it's like for the next 50 years there's going to be buybacks
based on this amount of revenue so i think that like while i think the game needs to show some
good numbers it doesn't have to do anything too crazy yeah it's a really good point thanks for
bringing us back down to reality sparks they always appreciate that man uh shout out to yap in the
comments says grapes proved that they are flexible and they know what they're doing he's bullish uh
h ninjaman says the grapes team i think or sorry i think grapes was a success but i also think people
expected it to do much better and then we have one follow-up question that i want to go to really
quickly before we move on to the next topic oscar franklin tan says i'm curious and tags me in spark
c says since the mint price debate goes all the way to ipos if realistically overworld could only push
push the mint price to let's say 0.25 eth why exactly can you not have a higher mint price
in the opening day i know we talked briefly about how we think that they should uh let the community
do that but maybe peyton can you talk about why that is uh unfeasible just briefly i think it's also
just like setting expectation uh maybe you said it's not feasible sorry one more one more time sam
yeah exactly why it's why it's unfeasible for projects to to price it at 0.5 eth for instance
yeah i i think it's really just you're you're pouring into like goodwill and like x's so like
how i've seen it and this is something that i'm actually growing and i'm trying to understand
currently so i'm not going to say that i have all the answers um when it comes to the amount of
upside that you give a community member uh it is amazing what it does for morale uh and the more
that you have at like a 0.5 eth right for overworld and then like you say that you have a scam or like
let's say it's really bought it or something let's say maybe jeremy didn't actually come out with
a really um great tweet that you know put people at ease for the token airdrop um or there is
something in terms of compromising you set that for 0.5 e and then you can ride that all the way
back down the lower you set it the higher it can go but also when it comes to setting it so 0.01
or even a free mint really like how much lower can you go not really right but at the same time
too there's there's a balancing to all of this too when if it comes to free there's a lot of people
that come in to try to farm your whitelist do a lot of things and attract a certain level of people
that you probably don't want people part of the project because they'll flip it on the open market
for like 20 30 bucks that's completely fine whatever but um and like jeremy actually kind of
hit the right one i think around the current price of 0.1 to 0.05 to 0.2 e depending on what
your project is probably not even 0.2 e but 0.15 is a really good like sweet spot for you to have
like specific x's to have like a rapid fan base because then those people are like super like
think of it in terms of like tesla stock investors whenever like they talk about tesla or elon or
anything they're super like rabid like they make youtube videos they do all kinds of things they
they make uh they're pretty much your play testers they're qa they're um people that are going to
market for you they're going to be those people that are going to defend you in these back channels
that we have and currently discord so it's not that you're not um you're getting if you put a
high mint price let me just say this they're pretty much saying hey you do all the work now because i
did my part and i give you 0.5 e now go do what you want to do they're acting more as investors and
not more partners i guess per se that but maybe spark and sam have different different thoughts on it but
from a product side um growing communities now for for two years here in the web3 space that's what i've
seen yeah i think you summarized it really nicely at the end you get investors whenever you ask them
to spend a ton of money and whenever you have a more reasonable price you get community members at
least on some level that's that's a little bit too black and white but i do agree with the sentiment
paul has a really great comment about age of dino he says dino's mint strategies are one of the
smartest moves setting a price mint uh the mint price high can be really dangerous right now so to go
to game theory and set the price high uh by virtue of using the community deciding the price
is uh is an intelligent move according to pawn i think that's a cool way to frame it as well
we move on though to me colony pumping to the absolute all-time high one of the reasons that
we're bringing this up is the solana narrative but another reason is mr spark c was one of the very
first i saw calling this he's been in me colony for quite a while but i believe like two or three
weeks ago he wrote a thread about it and ever since then it's been absolutely cruising so my
question is uh spark what did you see that made you bullish on it to begin with and are there any
other value buys that you're seeing out there similar to me colony but first man what what did
you see in that project yeah so i tend to like taking trades that aren't crowded that don't have a
whole lot of people looking at them and trying to get in as well um i think there's just i guess
that's that's where my edge is is finding like something that's undiscovered rather than trying
to buy on the secondary market with a thousand other people that all are trying to get like a 1.5x or
something out of a out of an nft so i mean for me i was bullish on me colony for you know your
fundamental reasons like i like the product they had a they had really great backers animoca and
binance labs and bitcraft and yc combinator they actually have fucking ridiculous backers but
i think the the reason why it wasn't a the reason i liked it was number one very under the radar there
were not a lot of people looking into it especially in the bear like when they first minted they were
pretty under the radar but by the time of the bear there was not many people looking at them at all
and i also think on a similar note of you know taking trades that aren't crowded they had a unique
um a unique narrative a unique angle in that they're a discord game they've got distribution
through discord and that's not a crowded trade because who else is doing that who else is building
discord games so i think they have this narrative all to themselves they don't have a lot of direct
competition there and they were just super overlooked um so you know there's other reasons
like i wrote that big thread about it if people want to know more about why i like uh tatsumiko and
their me colony collection have a look at the thread from a couple weeks ago on my twitter but they're
probably two of the the higher level reasons why i think in terms of other buyers i'm looking at at the
moment um maybe you guys feel differently but for me i think we've we've had so much up only action
for so long and gaming nfts and gaming coins in particular that the number of you know value buyers
out there is getting lower and lower we've got the etf approval probably coming up on around the the
10th of jan somewhere around there and i know there's heaps of people that think it's going to
be seldom used heaps of people that think it's going to be the beginning of a huge pump like we don't
know but i'm probably holding off to just see what the market does until then um i don't feel a rush to
get into more projects when everything is already pumped up so much i've sold like less than five percent
of my gaming nfts so i'm still sitting comfy in a lot of them i have sold all of my gaming tokens
um so i'm waiting to see what happens with the etf for that but yeah i think rather than having a list
of current value buyers i more have a list of projects in mind that if we do get a big correction
after the etf or in the lead up to it there are a list of projects that i want to buy into that i missed
out before um like pirate nation is a great example i was putting bids in at 0.03 on pirate nation i think
it was 0.04 floor at the time and this is the day before they announced their like 30 million dollar
funding round or whatever um i've got like receipts in the wolves discord of of me talking about doing
it and like that that funding was from like the bear market it was from like over a year ago so i just
had like the worst fucking time in there but like that's that's more what i'm looking at you know
there's a few projects like that that i'm hoping to get into if we do see a big dip that have already
like you know 10x in the last few months and i missed out on bro that is hilarious that you missed
out on it because you you faded it for 0.01 that is uh that is a frugal move my man uh payton i'll send
it over to you next man what do you think about me colony what did you see in it whenever uh sparksy talked
about i'm not sure if you picked any up after that thread but i'm curious from your perspective
did you see what sparksy was seeing um no sometimes when spark just tells me to do something i do it
and that was something in the bear market uh you know me and spark have a we we've built a lot of
trust with each other so you know me and him have just like talked and i just trust his judgment and
so he's like hey just take a look at me colony i said like yeah yeah for sure i'll take a look at it
and then i say i did take a look at it and i really didn't i just looked at solana picked up
some soul bought it and then you know put in my wallet so i've been holding it for like over a
year now i think it's actually whenever at the time it was like really cheap so i picked up like
two really rare ones um and like i have a few offers that are really good on them right now um and so
yeah um that's that's my story and that's i'll stick to it all right shout out to nft cap in the
comments he says if you're not listening to this do us all a favor and floor your gaming nfts
i have a follow-up question for sparksy before we move on spark before you told me you were almost
completely exposed to the market you felt like it was really cruising now i'm hearing you say you've
sold some of your gaming nfts and you've uh been looking at some other gaming or sorry all of your
gaming coins and you're looking at some other gaming nfts any chance you'll tell me how exposed you
are to the market right now out of curiosity um i mean a lot of my portfolio is nfts gaming nfts
specifically so like still pretty exposed to the market um you know still like at least 50 exposed
i would say but i yeah i tend to jump in and out of the market a lot um i want to do that a lot lot
less during a bull market um but i'm being a bit greedy here i guess i think i think one of the
things is a lot of people struggle heavily with buying back in higher um and that's something i've
like trained myself on and like the last few months i didn't catch the bottom of almost anything
i bought in higher almost every time and it paid off massively so i'm comfortable buying back in higher
so if i pick wrong here and we see a big pump it's like oh well like sucks to be me but i'm gonna buy
back in and you know ride the rest of the bull out i think if i was the sort of person that couldn't do
that that saw the market go higher and was like okay i'm gonna have to wait now it's gonna have to
get back to what it was before i can't be buying and higher here if that was me i would not be out of
the market i would just be riding the trend and riding the bull market so yeah i'm taking a bit of a
riskier being a bit greedy but i think i have the mindset to be able to not get punished too hard
by it if i'm wrong i'm gonna give mix mob nft number one to somebody that retweets the space i'll
give it a couple more minutes but if you want to get a chance to win that first one of two make sure
you retweet the space peyton over to you i was just gonna say like you know a strategy that i use
um whenever it like something pumps and i get phomo just buy a little bit you know what i mean
and if it goes up even more then you know you have some exposure to it um and then if it dips
down you're not too you know you didn't ape in all the way um something i learned from one of my
mentors back in 2021 he said you know just take a little bit take a little profit on the way up
um get your cost basis out and you get to ride the ride and so i think when it comes down to the
mentality for trading or being in or out of the market um especially for gaming nfts like we've we
have a very strong conviction i think me sam and spark were a very strong conviction within like
web3 gaming because like we talked to a lot of the builders during the bear right we understand what
they're coming out with um we've met with them that we see their conviction in it and yeah it gets us
bullish and that's why we we purchase things um and yeah it might go higher and also like we don't
really have retail coming in yet right it's really kind of pvp in terms of um the crypto uh people
still still being able to do that um something that i've been monitoring is sensory tower
is a um app downloader tracker so in previous months you can track how much they have downloaded
and something that i've been tracking um and seeing an uptrend in is coinbase um and some of those um
coin gecko and coin market cap uh for for those apps to be downloaded on on retail so that's what i'm
tracking as well um would suggest anybody else doing that that's more interested in terms of retail coming
in yeah it's interesting what you were saying about um like selling a little bit on the way up
um i heard something really interesting for people in the opposite situation right for those that are
bag holding they're massively underwater and they're down 90 and they refuse to sell until it gets back to
their buy price which is really fucking stupid but like a lot of people do it it is what it is but
if you flip that advice around right if you have ten thousand dollars worth of whatever coin that's
that's your way under on and it's on an exchange and it costs you like a dollar to sell that right
you can sell all of that and buy it back right just as dumb as that sounds like the the mental process
of selling your underwater bag if you think it's worth holding then you should be able to sell it and buy
back within like a second like just do it but it's almost like the mental uh exercise the movement of
selling this bag that you're determined not to sell until it's up a lot of people will find that
once they sell it and they can bring themselves to do that they realize it's not actually worth
buying that bag back that's 90 underwater they're better off moving on to something else but they
can't bring themselves to do it so that's a little tip that i heard that i thought was interesting and
sort of piggybacked on uh what you're saying that's a great mental bottle for it yeah oh can i say
something sam yeah of course dude you're the man okay um wine's kicking by the way so when it comes to
the uh lems told me some type of freaking alpha move and sorry sorry lems i'm probably going to expose it
to at least the concurrence that are currently here um is what he does and this blew my freaking
mind he he buys floor list them a little bit higher because there is like some mental uh specific
attachment that nfts have to people that they buy for different reasons because not everyone buys
floor right like even if they are at floor they maybe spend 0.1 or 0.2 more to get a certain item
and he was telling me this and i was like dude that's exactly what happened with parallel colonies
because i was literally looking at the parallel avatars and there's some at the floor and i see
the name jacqueline on like maybe 0.1 or 0.2 more which is hundreds of dollars if you think about it
um and i'm looking at it i'm just like dude this is the the key and peel skit jay quellen and i have
to buy it and that's literally the only freaking reason i bought it was because in my mind i was saying
this is jay quellen there's definitely going to be somebody that gets this in the future and is
going to buy this for like two weeks that was my literally reasoning and i probably disqualified me
for any other takes that i have future on this show but i don't care it's what i did and that wine
going through my veins right now and so yeah i think that's that's really like was a huge deal and
then he just floors them sells them for a hire if they get picked up he just buys the floor i thought
that was so brilliant and i just wanted to share that with the group dude that is the most degenerate
shit i've ever heard you say and i've heard you say some degenerate shit that's amazing uh i gotta
give a shout out uh tradesgiving says heck yeah so dope seeing mix mob or get origin on more of the
wolf spaces thank you so much mix mob again for sponsoring this space i'm gonna give the first nft to
h ninjaman he's been dropping a bunch of great comments and he also is uh retweeting the space huge
thank you grim zen also says play cipher is under the radar right now they've been building for a
while now and they're going into alpha launch i've played a closed beta test and the game is extremely
polished and the community has been strong as fuck zss becker seems to resolve seems to have also
taken a liking i probably shouldn't say this but he also apparently likes wag me games after becoming
an advisor so i don't know if we could take his opinions on anything related to games i'm just gonna
take that bullet i'll send it over next lessons learned from the bear market we're also going to
get into a one more upcoming mint that we want to tell you guys about that we're not related to not
sponsored by that'll be at the end of the show so stick around but some of the lessons that we learned
from the bear market in 2023 doing a little bit of reflection i know pretty much every space has been
doing a lot of reflection so we're not going to spend too much time on it but these guys have been
through a lot of ups and a lot of downs so i'm super curious on how exactly they see the market and
make these trades spark see i'm going to send it to you man what do you take from all this time in
the bear market as we potentially approach the bull yeah i think my biggest takeaway was um i was
pretty big on shiny new coins coming into this bull market and i think my reasoning for that was sound
the problem was number one not a lot of projects launch coins in the bear market so there's not
actually that many shiny new coins around at the start of a bull there's plenty of them throughout
the bull like we've got a lot of coins launching in the next month or two but in the last couple
months there's been a very limited amount of shiny new gaming coins to actually pick up so number one i
wish i had have realized that better um you know i still think like i got in shrapnel and took like a
300 percent on shrapnel so the ones that were around like i think i made the right call in
picking them up i think they paid off but there was less than i expected and related to that i think
that if there's a big community or a big influencer that was a fan of a project last bull you know i've
realized that they will buy that again as soon as the bull starts because it still has mind share for
them from last bull they think okay i've got to get back into the market i've got to buy coins
what was i in last time and related to that it's because a lot of them have been slacking throughout
the bear um influencers especially you know a lot of them ended up calling the exact same coins that
they called 18 months ago when they first started remaking content for this bull run so you're going
to get the influencers reshilling the same stuff you're going to get the community thinking back to the
same coins they had from last time you know the fact that there's not many new coins exacerbates
that like there's limited ability for them to go to new coins so yeah we saw a whole bunch of
projects that really have done fuck all over the bear except stay alive and they're down 95 percent and
they 5x or something you know in the last month or two so i think there was some easy money to be made
on those they were not projects that i would want to hold for any period of time really but there was
a lot of free and easy money to be made there there's definitely so many that i look at retrospectively
and it looks so freaking unbelievably cheap i can't believe i wasn't buying uh a million of them with
all the liquidity that i had which isn't that much but everything was so cheap i could add a ton of nfts
baiting over to you no i agree with that echo all of it i think something that i reflected on is like
in the bear market there's so much less noise and there's not even that much noise now and i said
i think i've said this in in previous alpha calls it's like the time to really see who's in this space
and who's going to ramp it up um in it and so it's also betting on like the new influencers of the
next cycle and you know we have a lot of them in the wolves right i think between all of us whenever
we started the wolves what we got like a thousand followers between all of us and so i like i think
it's also like betting on the people as well and pouring into the relationships so much so that like
you come into a cycle and you're like oh yeah i know that person right there's like all those
conversations about cabals and all that kind of stuff it's like dude these guys are my freaking
friends what are you talking about um these are the people that i freaking poured hours in in alpha
calls and talked about you know wild card talked about traffic and talked about champions ascension
literally when nobody else gave a crap so like you know whatever um but like you know radon seeing
him freaking strive and and like even go for 5k during the bear market hunter solis same thing right
not even hitting 10k was that a 1k you know he was and so like all of that stuff it's like you pour
into those people and you see who's here for the space and not here for like extraction and you just
hang on to those people and then you go on and then you you see them thrive in the bull market
and yeah they climb higher rungs than you do but they pull you up because you freaking looked out for
them in the bear market so that's what i would probably learn from one one aspect of things um and
then the other is like exactly what you guys said right like so painfully obvious we talk to these
guys every single day we hear the conviction the passion in their in their hearts and we're like
dude yeah it's so cool man and then we're just don't ever pick up anything right we just talk to
them and we try to help them out whenever we can and sometimes yeah you know full transparency they do
give like some stuff on the back end but we help them with youtube content we help them with twitter
content we give them to the guides and all that kind of stuff and so you know i think i don't have
no regrets in 2023 how much we poured into the builders in this space uh and the people in this
space and so i have no regrets man i know ragrats uh if you ever watched that movie freaking hilarious
uh don't go chasing waterfalls and so yeah man i i have no regrets on that 2023 was a great year for
for the wolves for us as friends um and reflecting on 2024 man i can't be more excited
yeah well i have to like so i really uh want us all to like be on the one at the same time for uh
for one space after hearing payden but if we do that one of us is gonna have to be drinking at like
10 in the morning unfortunately for the time zone that would be the issue gdc 2024 yeah that would be
like a saturday or something yeah it'll happen gdc is gonna be off the hook i'm gonna chime in with
this one as well the lesson that i learned from the bear market was uh like i just alluded to i
didn't have a ton of liquidity i was coming out of being sick in uh 2021 during that bull market so i
really didn't have much to invest and then i was pretty much broke for the entire uh bear market in
2022 and because of that i was looking around like i can either take five hundred dollars and try to
like five thousand exit and become a millionaire that way which does not sound very likely because
i'm not a good trader or i can really really cement myself in this industry put down roots
trying my best to do it the right way and i found the wolves doubt thank god i found a bunch of really
cool people uh mostly through the wolves doubt that has now become my network and tried my best to
pivot what i was doing for work which was creating content into web3 helping other web3
organizations i actually worked with some defi companies that people don't know about some pfp
companies on chain monkey one of the now ordinals collections people don't know i i met them at a
conference that i paid my own money to go to etc etc and i think that that was the thing that uh ended up
being the best investment that i ever made it was my time and it was the small amount of money i had in
just making it um making myself a regularly occurring figure in web3 and just really really doubling down
on everything uh but huge shout out to the wolves doubt again wouldn't be possible without them
and now i have all these cool opportunities i'm in some of these cabal chats which by the way if you're
you know seeing all the memes and shit it's really just a bunch of people being like yo i'm aping into
this and then them losing a bunch of money and people being like haha we're a cabal it's really not
not very impressive at least the ones i'm in um not not no synchronized pump and dumps uh from what i've seen
but we're gonna move on guys upcoming mints we've got just a few minutes left in the show
i know we talked about age of dinos i would love to get people's uh perspective on that one more
time just maybe for the audience uh that wasn't here uh maybe a little less on the mint structure
and more on where you see it potentially going it sounds like those nfts after the auction are
going to be around i don't know 0.35 0.4 to get them and then blood loop is another one that we've
been hearing a ton about on avax i know it's a mobile game i personally wasn't super impressed with
the uh the slice of footage that i saw from it but the nfts seem incredibly hyped i saw recently
they announced it was going to be 1088 nfts i believe on a free collection and then also of
course our sponsor um i'm not just saying this because they sponsored the show but genuinely
mix mob has a collection coming up they also have a coin coming up and again they're part of solana
which has a really hype narrative they've also been building for like well over a year they've got a ton
of funding etc etc so there's a lot of reasons to be bullish on mix mob as well of course not
financial advice uh payton i'm going to send it to you first what do you think about some of these
upcoming mints and tges yeah i think um for blood loop it's um the it's a free nft so there's a lot
of like stuff it's a gamification type of game as well too so for anybody that's trying to get into
to that i think there's going to be some active type of um rewards rewarded for you so make sure that
you're not like getting in there and just thinking that you can hold the nft and then like be pretty
passive about it age of dino the only thing that i'm like nervous about is sometimes there's a very
big disconnect between the west and the east and sometimes i fade things just because you know
i freaking think that it's freaking high you're high for setting that price and then i get told that
like no payton you're the one high right how much weed did you actually smoke um that's like one
thing that like i'm like really trying to figure out is that the east sometimes just blows up
way more than like we ever anticipated and age of dino i can see that i can see that like you know
people are bidding pretty dang high 0.4 0.5 even like you know to the max why it's 0.59
on it and then you'll see that appetite so what i'm going to be trying to check is how much that
contract is getting sent for those bids and how much like they're going to get refunded to see how
much people are willing to pay for that bid so they're going to be refunding everything so you can
see the difference after it's done um after they refund all of the funds and you can just minus the 0.6
or 0.59 whatever it is uh minus the 0.2 and you can see how much people actually have spent
and so i'm really trying to see that and the difference between the appetite of the high-end
bidders versus the low-end and if there's like a lot of low-end people that get the bids i'm not
super bullish on it um but that's probably what i would say i'm i'm waiting i'm waiting to see like
more especially shout out to amber amber's amber's a wolf club it's more in the east and uh she's kind
of told us like age of dino is really impressive in terms of the east and like okay shoot didn't even
know that so that's something that i'm like probably sleeping on that i don't know of and
so that's also what i recommend to a lot of people too it's like have some friends that are in the east
that are going to guide you the way that amber bell guides the wolves in terms of us so i will say
that appreciate that i also want to let people know i'm going to give the last mix mob nft that we have
to somebody that comments uh what they think of the show or something that we're talking about on the
show maybe an upcoming mint and tag mix mob as well i'm going to give it to somebody that tags mix
mob i saw a bunch of people doing it a little bit earlier in the show so i'll consider those and
then drop a new comment in the next five minutes or so i'll give out that last nft worth 250 dollars
a mix bot spark see uh upcoming mints age of dinos blood loop mix mob etc what are you looking at
what are you excited about yeah age of dinos is interesting so i think it's if i could get in
around the 0.2 mark i would definitely do so the higher it gets to 0.59 the less upside there feels
like and it is as payton said it's always a little opaque to us as to exactly how hyped a project is
in the east like hearing that there's it's got a lot of eyes on it there's a lot of traction for it
in the east that's that's definitely useful but there's no granularity there right like there's a
spectrum of hype and where exactly on that spectrum does it sit and it's hard when you can't figure
that out for yourself so look i think i would probably be comfortable putting it up to like
0.3 on age of dino i think it definitely it has a very good chance of going higher than that
but the bull market is not the time for throwing liquidity at plays that have
you know a small amount of upside it's about looking for plays with maximum upside so
we'll see i think it'll end up going for more than 0.3 and i won't actually be able to get in at
that point uh in terms of blood loop their first genesis collection they've got like a gen one
collection coming out um we don't know there's no date but um oh yeah there is january 22nd they've
got a gen one collection coming out i think the um the gen zero is coming out has already come out
and that's sitting at uh 59 avax so like 2300 dollars so look their first collection did pretty
well um it's hard to judge the second collection before we know the price for it but a thousand
supply there's beckers on board as an advisor i imagine the near tokyo crew are on board for that
as well i'm not big on the game like at all seems like another sort of generic web 3 arena shooter
there's there's heaps of them out there i don't see how they ever compete with their web 2 incumbents
but it's it's whatever like in terms of for the nft mint itself if they pick a reasonable mint price
i think it's going to do well ninja min in the comments who already won in mix mob nft says i
think age of dinos is going to surprise people and how well it does simply because jeremy and exterior
are advising i won't be surprised to see future collections also follow this method of minting
keep thy faith also says i'm planning to bid the highest price the structure is actually
incentivized for you to do so and i think there's probably a 2x upside i'm curious about that i
actually wasn't aware that there's uh upside or incentive for bidding a higher price um i also see
is sovereign jawa says great comment from spark see about having an edge in finding unhyped projects
that's what i did more than a month ago with mix mob and feeling good about it now peyton the hand
goes up over to you i was gonna say like uh they we will refund like the lowest bid so let's just say
that's the 40 90th i think it's like 40 whatever the last bid is they'll refund like the difference
between like all of the different ones so like if you bid super high they will refund you the price
of the lowest bid at the final um mint i think it's like 40 i forget it's 40 10 i think 40 10 or 40 90
i forget which one but let's say that 0.39 uh is the last one that comes into that last bid
and you bid 0.59 then you will get a refund of the difference uh to the mint so that's probably
what they're saying there sam is like incentivizing for a higher bid but you're kind of playing a game
of chicken there right so if everybody does that then you're then the mint price is 0.59
um so spark i'll probably send it over to you for commentary
yeah i think that's that's true people can get burned thinking that i'll just put in 0.59 because
no matter what i'm gonna pay the mint price i'm gonna get one and if everyone else wants to pay
0.59 then like that's the price but the market is not as efficient as you might think like that's too
too rational a take on the market i think that you could find let's say 4 000 people all put in 0.59
the top amount that's the price you pay and then there's a whole bunch of people realizing that
there's not a lot of volume on the secondary because there's not a lot of people that want to buy
at 0.7 0.8 0.9 and then volume starts slowing down a lot of these people that paid 0.59
they were happy to pay 0.59 thinking they could quickly flip it but when they see they can't they
might actually end up you know dumping under mid price because they want to get rid of it because
they spent more than they really wanted to even though they were willing to pay 0.59 so i'm not
saying that's what will happen i'm just saying that that's a possibility and it's not perhaps as
as simple as put in max bid because no matter what that you know can't really turn out badly there's
there's a lot of different things that can happen that's a really great point appreciate you guys
elaborating there and just before i give out the last mix mob nft i got to tell you folks we've
reached the end of this wild ride of alpha wolves with mix mob and let me remind you mix mob isn't
your everyday game it's a groundbreaking browser-based card strategy racing game sizzling hot in the
solana blockchain and they've been at this for over two incredible years but there's something you've
got to know mix mob is the brainchild of former fifa and halo developers who are also
trying to take web 3 mobile to the next level so hold on to your seats because here's the deal
mix mob is currently in the incentivized beta phase and that means whether you're a free spirit or a
paid player you've got the chance to score some sweet mxm tokens through airdrops it's a level
playing field where everyone can rise to the top i also see erica in the comments mentioned she's doing
a giveaway with mix mob so if you want to go retweet one of her posts over there you might be able to
get those mxm tokens as well and whether you're a seasoned pro or a fresh face there's no time
like the present to join the race so stay tuned for more mix mob adventures because you know what
they say we're just getting started i'm going to give the last uh nft that i have the mix mob bot
to dante in the comments he says i'm excited to see teams like mix mob that have been building in
the bear and now get more traction in this mini bull to bring more power and reach web 3 gaming is
growing and i simply love to see it dante i couldn't agree more so dante and ninjaman are the two
winners tonight feel free to dm me your solana addresses and i'll make sure they get added to
the list to airdrop those and if you guys have won them in previous weeks they're going to be sent
out in one giant batch so please be patient with us but i promise they're on their way huge thank you
to peyton and spark see fantastic episode alpha wolves and everybody joining us on what i can only
presume is still your holiday break a huge thank you i i appreciate you guys so incredibly much
we'll be back same time same place next week and i can't wait to do it with you again whenever i'm
back in my regular office my uh my stomping grounds it's going to be great once again peyton and spark see
appreciate you guys and all the research that you do to bring us a great show every week
and we'll see you guys in seven days
