I got loyalty and blood, I do everything for love, and everything for us, doing everything
like everything ain't bit too much, know my favorite sign to come through four years,
the clutch, last second, what a rush, I'm the type to talk to the stars, straight up,
these ain't tattoos, these are scars, my young dogs will tear you in the witness's apart,
they care about starving more than they do by the charge, me I can't break a commitment,
I seen people f**k with the whole team cuz they couldn't play their position, talking
about they the mean b**ch, you know the road to hell was paved with good intentions, I
see myself in my nemesis, I got to play the forgiveness, I think I lost all my innocence,
hope my life depends on this, this ain't no simple subject shit, try and steal it, you
can print this, get your motherf**king kit, I feel safe to take your wrist and I can't
keep this on my own, I put my pack against a wall, just to see how much I grow dog, I was
Play on the door, all my boys
You make them and never play about the rules
Tryna leave me late, fell into my need
And myself up and show my back to the breeze
Oh, I'm still living on a living room
Man, all these talkin', spendin', spendin' out a bridge
Got that true ability, got some branches on my tree
Puttin' beauty on my shoulder, the boys be around
Don't let me down, you said you'd die for me
The weather's the ground, ice on my wrist
Ice in my face, but it's a cold party
Up first, with a whopping 650,000 followers in Web3
He's the Sultan of the Cybersphere, setting the social media scene ablaze with assimilating insights
But hold on to your horses, he's not any creator
He's the Prince of Curation, prudently picking the most pioneering projects
That are lighting up the crypto cosmos
As the architect of this thing of ours, he's masterfully molded a mega-community
Where collaboration, cultivation, and ceaseless enthusiasm coalesce
In the colossal colosseum of Web3 Gaming
Now with his brilliant brainchild, Nexus Labs, he's unfurled in next-level utopia
For Web3 Gaming investors and enthusiasts
He's the boundless benefactor, the Nexus Navigator, it's Hustlepedia
Sam, pleasure to have you back on the space
I love speaking with you guys every week, so I'm looking forward to it
Dude, Johnny, Johnny has been the come-up of, I was gonna say of 2024
But I think you started coming on the show well before that
It's been great to have you, man
Thanks for coming back so many times now
In May of 2021, with the flair of Maestro and the daring of Daredevil
He launched his very own Web3 Gaming studio
But not just any studio, a crucible of creativity, a forge of fun
Where blockchain and gaming blend
And who could overlook Cyber Stadium?
This on-chain PVP staking game is a colosseum of competition
Where 100% of player funds fuel the ferocity and frenzy of the prize pool
And by the way, the public playtest of Midnight Heist just launched today
Which isn't a game, it's a gateway to glory and a passport to a paradigm shift
Welcome to Titan of Tiltyard, the architect of on-chain amusement, it kicks
What's up, Sam? That's fucking awesome
I'm so happy to be here and be a speaker
I've been listening in to the first eight episodes and it's phenomenal
Appreciate you so much, brother
Kix is one of my favorite new additions to the Wolf's Dow of the past like six months
He's been absolutely crushing it in there, man
It's been so great to have you
GDC is going to be amazing
And ladies and gentlemen, get ready to howl with excitement
For the leader of the pack in crypto research
The barky boy who never cries wolf when it comes to unearthing Web3 treasures
He's the lead researcher of our pack, ensuring we hunt down only the most lucrative opportunities
And leave no stone unturned in the vast landscape of cryptocurrency
He's the lichen of the ledger, the uncanny knack
With an uncanny knack of separating diamonds from the doge coins
He's got a howl that echoes through the valleys of volatility
Ensuring we always stay on the trail for the next big catch
So get ready to run with the pack
Welcome to the panel, the wielder of wisdom, the invoker of NFT in sight
Got ahold of these intros
And they've been calling me the wielder of wisdom for the last few weeks
Shout out to them after that
I love whenever the nicknames catch on
Jerry actually insists that I call him the golden god in real life now
Whenever we hang out, we go out to dinner
Which is a bet I guess I have to lay in
But we're going to jump into the first topic
Tons of stuff going on in the market the last few days
I really want to kick this off
Especially with army of fortune
Something with a really good narrative
They had the token narrative behind them
They just raised $3 million from animoca
And it just absolutely tanks today
They lost like 60% of their value
It seems like people are maybe trending a little bit like it underperformed
And then overworld also finishing up their pre-sale
Actually extending their pre-sale
And then also getting dinged
Spark, I'm going to send it to you, man
What are you thinking after seeing all this?
Yeah, I think this has probably been building for a few weeks now
But especially the last 24 hours
I think we're starting to see
Holder impatience really come to the fore
Which always happens when market sentiment goes down
Floor prices trending down
I think people are impatient
They've got diminishing trust in some of the promises from the teams
I think those three projects you mentioned
There's been a lot of tokens that have been promised that have been delayed
The terms of the tokens are changing
And combined with some oversaturation
Some bad market sentiment
I think people are starting to lose patience
You know, AOFS is a good example
They announced $3 million in funding from Anamoka
And a buy a bit listing and a TGE date
Which is like end of this month
All like should be seen as really bullish news
And the floor price went from 0.4 to 0.5
And then they put out news just today
That they talked about the rarity of the NFTs versus allocation
Like I think the common NFTs got way less rarity than they were expecting
And I think even more importantly
They found out that it wasn't 100% airdrop anymore of the tokens
It was 10% of tokens at TGE
The rest of the tokens were over 18 months
So a huge change in what people expected
And the price dropped from last I saw it went from 0.5 down to 0.17
So like, you know, 70% drop or something
So I think that's a bit of a sign of the times
Of maybe not broken promises
But holders perceiving it as broken promises
I think we might be seeing some more of that in some other collections
If the market stays how it is
We're going to dig into some of the specifics as we go
But first I want to send it around the panel
Kicks your high-level overview, your assessment of kind of what's going on and where we're at
Yeah, just in like the overall gaming market
Yeah, especially with some of these bigger projects
I mean, I think when like me as a personal investor
You want to kind of be patient and look for the big opportunities
And a lot of those was like in October and November of last year
And now we're you know, three months after kind of that that big wave up
For me personally, I think that it's it's really easy to sit on your hands
Especially with how wide the market is going
There's just so many options out there
And on top of all of the existing things out there, right?
There's a bunch of projects that are doing play to airdrop, right?
Like, you know nifty islands doing great stuff. There's there's multiple things out there
So I think you know saturation is maybe not the the best word
But we're going really wide right now
And so I think like even good projects out there
They may fumble out of the gate
But that can just create an opportunity for people that you know really believe in that
So for me, it's it's a lot of sitting on the hands right now because I think for like
You know the whole gaming sector went on a really crazy run
Over the past three four months
I think for it to make another crazy run on top of it
It it needs a strong catalyst whether that's like a a breakout game that really gets momentum and it takes everything up with it
Or that's like the overall crypto markets making a big move up, right?
And we're not we we're not seeing either of those materializing like at this current moment, right?
It could materialize like into the future. So for like me personally
Um, i'm just waiting for like those opportunities where you feel like like wow like this i'm really excited about this project
They're doing some cool things like they have actual good
tokenomics and integration right they're really leaning into web3 in an interesting way and and getting it into it maybe at a valuation that's not
Uh at the current valuations, which which is you know real at least I don't know I I sell too early
I don't think people should listen to me too much
Sometimes you look at like, you know the fdb on something you're like, you know, that's that's pretty healthy. That's pretty healthy. So yeah
Hey, sometimes it's the the ones who sell too early
The ones that end up taking profit along the way johnny your take on aof first play ember
Overworld dipping etc and the gaming market as a whole right now
Yeah, I think spark hit a lot of the points like there's fatigue in the market as far as people waiting for these things and
Like personally i'm not surprised that something like aof went with vesting for the airdrop
And if you look at the great airdrop
It's kind of baked into the nfts over time and just the cell pressure they had up front from that airdrop on the token
I mean, it was pretty obvious that I think a lot of these projects now are going to do some heavier vesting like with
With a percentage at tge and then potentially 12 18 months unlocks
Like I don't think that that's unrealistic and for the people that do I mean obviously they don't do too much like early stage
Investing to see that those types of terms are, you know, pretty normal
I actually think it's a pretty healthy thing in this space, but a few weeks ago
I don't know two weeks ago
We were talking about how it was meant everything season and gaming like every single mint for the last month
To three months has literally been an absolute printer like no matter what easy profits. They're promising airdrops
They're doing this and you know, I think it's gonna it's getting to the point of
Oversaturation and I don't necessarily think like play ember was a letdown
But you know what we were we were expecting it to do like what aos did and you know
At the end of the day free meant to 0.3 or whatever it is
It's still pretty impressive, but I just think it's starting to wear itself thin now
Whereas, you know people don't like there there's only so many people that get in on these opportunities
But more people are now like projects are now just like oh, let's just mention nfc. This is going really well
We'll just say that they get something and kind of leave them on the string
And just try to make them buy our nft mint and it's just kind of becoming this other mechanism of fundraising kind of like nodes
Are in my opinion. So yeah, I think it's a bit of market fatigue and a little bit too frequent right now
Like so many projects are minting and it's like, okay
The liquidity can't stay everywhere like it's gonna rotate and that's the problem. That's why we're seeing some of these prices drop
Spark i'm really curious about your opinion on on two things here and I want to get everybody's opinion
But one is is by bit a tier one exchange for army of fortune to get listed on is that bullish or or bearish and also
What are our thoughts on airdrops having vesting schedules? This is actually the first time i've
Ever heard of this of him being completely honest. Has anybody done this and and not? Uh gotten completely wrecked
So I think by that is like
The best of the easy to get onto exchanges
You know everyone wants like coinbase or uh buy dance and that's not
Just doable like for most projects is not going to happen
So if they're if they're doing what they can to get the best listing they can within reason by bit is sort of that listing
Um, I guess it's it's sort of become like table stakes now
Like if you're if you're going to be listing on a central exchange
It's got to be like at least as good as by bit. Otherwise, it's a disappointment. So
I don't think it's a letdown because I think the exchanges above by bit are
Not realistic for a lot of projects to get on
But I don't think it really moves the needle a whole lot nowadays
And in terms of like airdrops investing, I think it's
More to do with the terminology
I'm trying to remember because we went through the whole bear with like zero tokens launching
So i'm trying to think back to last bull run it was it's never been super unusual for
You know holders to get an allocation and that allocation is vested over time
I'm, not sure that it was always described as an airdrop
And you know given what we've seen from airdrops outside of gaming in the last, you know, six months to a year
People are getting their airdrop like all at once like maybe there's different seasons of airdrops like on blur
But when they see like airdrop points, they're expecting them to get all their tokens at once. So
I think that that's what has caused the uh, the confusion
Um, I mean I I can guarantee that these teams are aware that their holders believe they're getting all of the tokens all at once
uh, and perhaps uh using that to their advantage
Yeah, I i'm not sure where I sit there, I guess
Yeah, perfect. Um, I think the only comparisons like uh, the captain's collection for uh, you know
the meme token as well as like I said great those
Nft's they just term them as they still have allocation inside of them, right?
So like the I I think maybe the what was the turn off?
Maybe for aof was the fact that they actually said like these are vested tokens, right?
Here's the timeline. Whereas I think if they kind of just used better like
lack of a better word like d gen terminology and just said oh
Each nft exerts this much allocation and up front you're gonna get this much
But over time that gradually like your nft holds those tokens, right?
So I think that's where they maybe should have held that value because then people deem the nft's valuable because okay
It comes with this batch of tokens inside of it
Even if I was to sell it whereas I don't think that's the case with each nft here
so I think that's probably the a bit of an issue and I do agree with spark on the fact that
By a bit's probably the top of the second tier of exchanges and like the easiest to get on as mentioned
But hey, if you want to get on coinbase, just go build on base. I think that's the easiest route
Well said curious kicks if you would agree
Uh with with johnny on those points. Yeah, I mean, I you know, i'm personally a fan of you know
It's on coin. I'm an american if it's on coinbase or finance, you know that it definitely gets me excited
Um and in terms of like the airdrop, you know, like all at once or or like vested out
I mean, I totally get that I mean we're in a new space people are trying all sorts of different things
So i'm cautious to like, you know say a certain thing is like nah, that's not going to work because
Johnny brought up, uh, you know meme land. They they've they've done it me personally
I mean give me those coins all at once, you know
Send them over, you know in 2021, you know ens I just owned a couple ens domain
So like here you go, like, you know, uh earlier this year optimism was like here here's 500 bucks
Um, so yeah, I like it. I like it all, you know all at once personally
But um, i'm totally open to you know, maybe there's there's different models and it can work but yeah
It's like governor's power we need all that governance power. Yeah, exactly. That's what it is. Yeah
It sounds like uh to to echo johnny's point that I think it's a
A degeneracy problem not not just a terminology problem, but they needed to
Leave speculation on the table and they removed all of the speculation at once and that's what the immense reflection in the floor price was right
It's it's I know exactly what i'm going to get and I assume that what i'm going to get is not going to be worth holding
My liquidity in this thing for two years
But you know, we've seen it before we'll see and again, maybe this is just a different version of it
We move on though. Uh, look at where airdrop gaming token performance is going to go from here. Oh johnny. I saw your hand up
What's up, man? I was gonna make a quick comment when you actually tell people what's gonna happen
They don't like that in this industry. Isn't that so weird?
It truly is and it's important for people to know this is why I always recommend wolves tau advisory and consulting
They could have run this decision by us
Maybe we could have helped them make a better one, but I digress
Uh, look at where the drop gaming tokens are headed from here spark
Do you still think that from here this is going to be the same level of a bullish catalyst that it's been up until this point?
Well, I think people are going to start to price in the possibility that they don't get all of their tokens up front
Um, maybe more importantly the possibility that the tokens don't actually perform
As well as they were hoping for I know grapes is sitting at like three and a half cents at the moment
And the pre-sale price was I think like 2.2 cents. So
Like pre-sale holders are only up 50 at this point
That's going to affect, you know, the expectations that people have for the value of their air drops
Um, it's going to affect how many people participate in presales how much money projects can raise through presale
which I think we've seen a bit with uh overworld so
I think that we really need a project to put out a token that
To reignite people's interest in this again
Um, you know, I still I had my hopes for overworld and I do still think that
Nothing that happens before binance really matters. It doesn't matter what the floor price is before it happens
The token launches on binance is going to like one bill fdv 100 mil market cap, etc, etc
um, and I thought overworld could be the one to
reignite the nft gaming meta, but they've just announced today that there's a
Delay on the pre-sale which obviously is going to mean a delay on the tge
Whenever there's no date given that's usually a bad sign as to how far off it is
So I don't think overworld's going to be there to
reignite things anytime soon
Yeah, and I think it's still going to be
The meta gaming nfts are still going to promise tokens because
What more can you promise to degens to get them excited?
Like there's not much more you can do than that if it's
Not helping as much as it was it's like well, you sort of shoot out of luck
You've got to keep doing the same thing. So I think we'll still
Be seeing a lot of airdrop promises, but I don't think they're going to be priced in like they were
You know as soon as a few weeks ago
Yeah, I've been thinking and saying to a couple of my close friends that it feels like we sort of need
What meta and facebook was in the last bull run where everybody just has this like deep conviction about this one thing
And even if you don't believe it you still kind of understand why everybody else does
And especially whenever the uneducated people all believe the same thing. They're incredibly powerful
This is a great opportunity too for us to say nothing you hear today's financial advice if you need financial advice, please
consult a financial advisor that's smarter than all of us combined and pay them to
Do a good job for you because we will not johnny over to you men. Uh, what are you looking at whenever you see?
Tokens promising airdrops specifically in gaming. Do you think that this is still going to be the meta?
Do you expect them to still perform really well?
Um, so i'm on my youtube last or a couple weeks ago to start the year
I mentioned I think this this meta is gonna wear itself out
Just like everything else does though at the end of the day like I think even play to airdrop is gonna start
We're starting to see it already. It's already getting saturated and it's crazy and they're just trying to you know at the end of the day
Right now a lot of web3 gamers like the players themselves the people that actually play these things
They hop from ecosystem to ecosystem, right? So like there's incentives here
I'm gonna go play them just like a someone on chain does who's farming all these different airdrops
So at the end of the day, it's not a healthy way to retain a player base
And I think it's the same way with these collections like
Are people really gonna mint and hold these things because they're just such a fan of the community or they know?
Oh, I can profit off the mint potentially and then also I get a token airdrop later on
Then I can just sell both and definitely come out ahead
Like the mentality just isn't correct in that regard. So I do think it's a meta
That's definitely gonna wear itself out personally
But it's just like everything we've seen in the space so far like people try things and they end up not working as great as maybe
We thought they would long term and then we have to change it up, right?
So I definitely think like the nft's baked in with airdrops is gonna get a little tiresome
And I mean, I think the market's already starting to see that but what we need to see is more token launches
I think spark see said that like we haven't seen enough actually launch yet from this airdrop wave recently over the last six months
To really judge like oh this could really work, you know, and I think overworld has a chance to do well
I genuinely think the aof token could do really well also
Um, but we'll just have to see how that kind of goes
But um, yeah, that's kind of the way I see it
I think it's just another meta in web3 gaming that we might see a little success in but for the most part
I think I think it's not even a team problem
But I think sustaining the conviction for your holders once that airdrops over with is going to be really hard
That's well said i'm going to send it over to kicks and ask are you still holding for the overworld in aof?
Airdrop if you have some of these nfts, I don't know if you do or don't but just based on
Like some of the stuff spark sees said we can tag him in as well
But uh, he mentioned that he expects, you know, one billion dollar market cap, uh for
Mmct the overworld coin if they get that finance listing
Is that something that you would agree with and it's worth the the risk or is this something that's you know, florida?
Why you got it? Yeah, i'm not holding them
But uh, i've kind of missed out on the whole like, you know, get the nft for the token airdrop like I you know
Grapes man, uh, there was people shilling it in a discord. I was in at like 0.10, you know, that was brutal
Why should I go all the way?
But I mean just like more broader with like the whole airdrop thing like, you know me personally right now
I think that with the market definitely feels like really wide and that's why I think you're seeing stuff like, you know
Come out and struggle out of the gate
But I think that that creates like opportunity and in looking in areas where it may not be you know
Consensus can be interesting like just a off-the-cuff example like play cambria, right?
They're doing like a really cool thing with this like runescape style
Like dueling pvp kind of thing. They've done a couple
Like like playtests, but you're like earning like these like rewards during the playtest, right?
I feel like something like that. It's not it's not super consensus right now
You don't have to buy an nft to participate. Yeah, you do have to you know, bring some
Eth into the game and like, you know risk risk to earn sort of thing
But I think when the market's like super wide like this there's definitely you know opportunities where
It's like not everybody's talking about it
right and just like searching around for those things because
if we're thinking of this gaming cycle in waves and we're thinking like
You know gaming is going to be a major part of the overall crypto cycle over the next two years
Then like you really want to be looking for like those when when the gaming is going to go in cycles
It's not just going to go straight up. There's going to be periods of growth and periods of decline
And I think in when it really expands and you're like, hey things may be going the other way
That's when you can start like hunting for those opportunities
That like when it goes into contraction, you know, you're you're non-consensus and you're in something
That's going to be super interesting in the next wave up, right?
Very well said and I do want to send it over to spark for that thesis
Yeah, I think that that's a an interesting way for
Projects to look to differentiate themselves with the fact that you can't just say there's going to be a token airdrop and it's not doing
Quite what it used to I think that play to airdrop could definitely help
Um in that sense, we might see more projects
I mean, I think every project that can do a play to airdrop is sort of doing it
There's just a lot of projects that have like absolutely no games. They can't do it. So we may start to see
Projects of the further along in development and can actually put a play to airdrop
Out there. I think that that's perhaps a better way of trying to drum up hype
A lot of those projects will have nfts that give you bonuses
In the play to airdrop. I know that ai arena has that for example
Their nfts get a huge bonus on token points earned during their upcoming play to airdrop
Um, it's possible that tatsu miko has something like that. Uh, maybe i'm just talking shit. They can
Speak to that later. So I think that that's
We might see more projects go in the play to airdrop route combining gameplay to try and
Boost their their mind share in the space and the nfts from those projects may well benefit from that too
In spark, I remember uh, maybe a month ago
We were on a call like this and you said that you were pretty much fully exposed to the market
Invested with most of your liquid capital
I'm curious if that's still the case or if you're looking to
Maybe loosen up some some liquidity so that you can have a little bit more flexibility as we go
And if it's just accumulate while things are down and nothing else for you
Um, like 90 exposed i'd say I never sold any of my gaming nfts still haven't
All my gang nfts are like long-term bets like infiniguards fableborn tatsu miko
I'm not trying to get cute with those i'm just holding on to them
I haven't bought more of them either because i've bought them at a much lower valuation
Than they are now that they've all held up pretty well during this pullback
things that are relying on upcoming news or
The space to spread the hype around for them. I think in in this sort of market sentiment. It's a lot harder for that to happen
For example, I bought some gmt tokens because they had the gas heroes game coming out with
Honestly, some really impressive like revenues lock up burn numbers big prize pool, etc, etc
But I sold that a few days ago when the market started trending down because
In this environment. I just don't trust
The hype to to eventuate out of that so like catalyst plays i've taken a few of those off the table
But i'm still pretty exposed to the market overall
Johnny i'm curious if you're willing to share
Your own personal portfolio and your exposure
But if not, maybe what you would recommend to other people what their exposure should be in a time where we're sitting at
50 on the fear greed right in the middle
Sam i'm not a financial advisor. No, i'm kidding. I am i'm not a financial advisor. However, um right now
I mean i'm a majority exposed i'm not gonna lie. I will take profits
What kick said earlier isn't a bad thing
So he said he takes he might take profits a little early
But that's okay. And I think a lot of the problem does become like people aren't okay with the 10x
They want the 100x, right?
But at the same time those 10x's are going to pay your bills, you know more so than holding down, you know back below
Where you bought where a lot of people were last cycle, right?
So i'm still exposed things that I caught low like prime
Um, I I caught shrapnel super cheap still I still have a bunch of my like gaming infrastructure plays
Uh caught avalanche at the lows
You know stuff like that like it just
I'm holding on to that and I have no plans to sell that until we hit head into the next cycle
Like spark said the catalyst stuff like with game launches and big campaigns where I see the frequency and then the players coming through the door
I'm quicker to get rid of those but i'm definitely more allocated than i'm not into the market
But like I said, my my strategy is I just will consistently take profits off the table and rotate plays around
That way i'm always liquid and stable for that next opportunity because nothing is worse than being forced to sell
So you can invest in something else. I I really hate doing that
So, um, I would just consistently take profits and then i'll have that liquidity to get into the next play whenever I need to
That makes total sense and speaking of avalanche a perfect segue to introduce coop who joined us from the audience coop
Your thoughts on maintaining some liquidity during these times how exposed are you to the market not financial advice, of course
Think hey, thanks guys. Uh, can you hear me? Okay. I'm on a laptop. Yeah, you sound great
Yeah, these guys said it really well
I'm a big holder and i'm not as good at you know trading as I think the people on stage to be completely honest
A couple of year timeline and I feel really good about the the things that I picked up
And more of the bigger plays that you might think of
Well said short and sweet kicks your thoughts on exposure to the market right now, yeah for sure. Um
I uh, I I took some good profits on prime
I got in around two and I sold eight to ten
So I got that cash sitting there and then with ronin I got in around 70 cents and I I took my
Between like 170 and two so i'm feeling good about ronin. I got a nice
I got a nice bag there and it's it's it's
Really strong. I I'd say I mean like if you if you look at uh,
I'm a boomer. I look at coin gecko if you look at coin gecko's gamefi thing, uh, you know gamefi category out of like the top
20 it's like the only one
Up right now and I I think they have some good catalysts on the horizon. So i'm happy sitting there
But i'm decently in cash right now
Um, just because I think a lot of things
Got to consolidate even if they're going to make another leg up
Um, you know like i'll probably fomo back into prime. Let's be honest
If that if that makes another run
But uh, yeah, I got a decent amount of cash right now
Where uh, at least on like the gaming side like I i'm holding my bitcoin i'm holding my eath
I got some salon. I got some avax
Kind of like what johnny said those like those majors i'm holding
Um for a long period of time like I want to get all those in long-term capital gains. I want to pay a nice low
Yeah, nice low tax rate on all of those. Uh, but yeah holding ronin happy there
Um, and then yeah, I got some cash on the sideline waiting for some gaming plays, man
I really think that you know over the next two years. It's gonna be a ton of plays and
Uh, you know, there's there's crazy times like 2021, right where you're just you're eating the stack all over the place
Right because like even bad plays are a 2x like you're mad. You're like, man. I got a 2x like that sucked
I I think we're like in a like a long cycle and I think if I hit a good play if I hit
a good play every three months
And don't make very many bad plays i'm winning man i'm winning. So that's what i'm looking for this year
So like i'll have a good play on the on the radar. Give me till march
Even jordan only shot 40 from the field, baby sparksy over to you
Yeah, I think a lot of what i'm looking for
Is upcoming projects as well, especially in terms of tokens a lot of my favorite projects haven't launched tokens yet
I was actually curious to hear from coop because I know he's in close contact with a few teams that
Were planning to launch their token soon
Are teams pushing back their tge's because of what's happening in the market at the moment?
Need to do a check-in the last I heard on I think the most anticipated is that they are still working towards it
in february, and I think that a decision to pull out would be
made a little last minute
But you know, there's a lot that goes into a token launch, right?
And so I think they're just working towards it with the expectation that they do it right now
All right, we're gonna move on to one more topic before we get to our tatsumiku
Play ember and paleo world
These were the the two that everybody's eyes were on ever since we've had some of the other big mints kind of move to the side
Play ember of course minted earlier this morning
We saw it go to I think it was at about point five whenever i'm into it
It dipped all the way down to point three then it bounced up to point four
And I think it's around there unless something crazy has happened since I last checked
My question for the panel is do we think paleo world, which is of course an exterior mint
Which has been cooking lately will outperform what we saw to play ember and just real quick
I already made a tweet about this, but I got to give play ember a shout out. They had a great mint experience
Just absolutely no no friction on my end whatsoever
So I just wanted to say, you know, you love when that happens, but i'll send it to spark your thoughts on paleo versus ember
Yeah, I mean there's definitely some comparisons to be had there they've got similar supplies I think
3333 for paleo and play embers like 2750
Maybe more importantly they're both going the zero information before mint route
It feels like they're going out of the grapes playbook where there's very little known about what the nfts do pre-mint
And all the announcements come after mint
At least that's I hope that's the playbook they're following that they're about to throw a bunch of bullish announcements at us
Um, there's no info at all on the utility of what the the ember nfts do for example
Um, I saw that in their discord. They're announcing tomorrow
Decreasing circulating supply which means staking I guess and rewards
So we'll see how that goes for them. But yeah paleo still has like no information at all. Uh, unlike ember
What they're building like there's the very general sense. It's ai it's a companion
Like there's there's nothing else to be seen on it. I do think that
The market is going to be less forgiving of
Uh projects that have very little information or substance to them. So that concerns me a little bit for paleo
Exterior boost of being a part of exterior is
Becoming less of a factor with the overworld mint price dropping off
Age of dinos is dropped off a bit. Like both of them are still done very well, but
I don't think there's going to be as much of a boost
nowadays being associated with exterior
Like we looked at what embers sitting like 0.42 now
It's hard to predict what their floor price is going to be in a week because if they don't put out any bullish announcements
It's probably trending down more if they do it could it could fly up quite a bit
I think generally speaking i'd be more bullish on
short term price after mint
Um, I know it's like a longer term hold i'm more bullish on ember. Um, there's because there's nothing known about paleo
And what we do know about the play ember ecosystem is is pretty bullish in my opinion
So yeah, i'd be leaning more towards play ember there
Kick same question your thoughts on paleo versus ember
Do we expect paleo to maybe end up with a higher floor price after the mint?
You know, I got I got no clue to be honest with you
And at first I thought you said pal world and I was like, oh shit. We're talking we're talking some power
Um, but uh, you know what I I like play ember, you know, um
Great, uh great preview little uh, you know video thing on the nfts, right? Like what's coming out of that box?
Um, so I like that honestly you put both of those on my radar
I think i'll keep an eye on play ember. Maybe get a little you know, buy the dip action
But the thing that you guys are missing is paleo has that beautiful beautiful ai narrative, dude
People are all juiced up ai arena. Absolutely pumped and we didn't get in on that
And then today the game has been blue balling us for like nine months and I I love them for it
But I hate them for it at the same time. So i'm so excited to get in. So how are they using ai? This is an opportunity
Uh, like spark said there's like no no information. I love it. Well, we don't do details here. No, no
Dude it's the imagination is the limit
The the floor is made up by the ai so it must be 15 e's uh johnny your thoughts on these two
Yeah, like we said the less info you give the more bullish we are just just lead us on just lead us on
Um, yeah, so I think it's the first of all. I want to say I think it's hilarious
We're like, oh play ember might have underperformed at
960 dollar value. I paid 35 in gas. That's like a 30x. All right
I'll take a 30x any given day at the same time, right?
Obviously, and I and I agree with spark said uh knowing what I know I would take
Ember all day at the moment in time, but we all know that ai and gaming narrative can can really
uh cook hard and and personally
I can see paleo picking up steam
Obviously when they give us a little detail about what's going to happen in the ecosystem
But once parallel colony comes out the ai game underneath the parallel ecosystem
And ai arena has this big play to airdrop narrative today the game mints
We could get in this little ai gaming meta where paleo could maybe see a little bit of an upsurge
But with lack of information it's hard for me to pick that over play ember
But for contrarian purposes, let me just say paleo ai because I bet there's an ai run eventually
Um, that being said, uh, like I said, if it's about the information I have today
It's going to be play ember if it's based off complete speculation in a future meta
I would go with paleo who knows what comes out of that box. It could be ai out of play ember too, right? So we're not
It could be anything even in artificial intelligence that I saw lamble and johnny while you were talking spamming that 100 emoji
Always good to know lamble land is in agreement
Uh coop, I wanted to give you the opportunity as well
If you have any thoughts on this to chime in before we hit that hit up tatsumiko for that ama
No, all good. Thanks hess
Absolutely and kicks. I know you guys had a play test today for midnight society
I want or midnight heist. Excuse me
I wanted to give you a chance too to plug that real quick in case uh, there's anything people should know
Yeah, I appreciate that man. I wish I was working with dr. Disrespected. Absolutely
The legend but yeah, if you want to check out midnight heist just go to play dot tilt yard dot gg
It's completely free to play in the play test. It's going to last two weeks
Just play 10 matches and you'll get a nice little play test reward
Uh and also hop in the discord give us some feedback
Let you know, uh, you think it's a fully on-chain game and it doesn't feel like it
It's like 30 seconds to sign up play some matches, you know, see what the future of on-chain gaming really looks like
Yeah, it's like an auto chance fan it looks looks pretty sick what you guys have got there i'm definitely uh interested in testing appreciate you man
That might just be at gdc too it remains to be seen but i'm hoping we can uh, get a get a wolf
I'm there wednesday and thursday and i'll be up until midnight. I'll roll over with some laptops. We'll run like a 3k
You know wolf stow gdc tournament, you know live
Hell yeah, dude. Yeah a midnight heist at midnight at the wolf's den at gdc. It's it's
Destined it's absolutely destined and we're happy to invite david to enter the conversation for tasumiku
Thank you so much for joining us. Once again last week was awesome whenever I listened back
I really really enjoyed what you guys had to say spark has been bullish on you guys for so long
And you know that we have to bring, uh, those people to the table because they're few and far between
Uh for the audience that wasn't here last week and maybe didn't listen to the audio on demand
Could you just give us a high level overview of what tasumiku is all about?
Yeah, uh, thank you. Happy to be here on the alpha wolves again
So really enjoyed the spaces last week
Uh, i'm david ceo and creative director, you know
I think i'll start with a quick background about myself and i'll try to keep this short, you know
So, uh my path to building tatsumiko started around 12 years ago when I created a community-run gaming server that grew to
So back then, you know, I realized that okay, I enjoy developing game mods, but also being a community builder
I love interacting with our community, but
Building communities as you can imagine always comes with its own challenges
And so like one such challenge I faced was when we migrated to discord in 2015 like imagine trying to convince
120 000 people to use discord when they've been using team speak for the past half a decade
But of course we did it successfully and I thank our community for trusting me throughout that process
So I actually want to give them a shout out, you know and
So back before we had all of these tier one investors, uh
The first people to back us were actually our community
You know, not many know this but the truth is
In 2019 we were about to shut down. Yeah
so quite the dire situation, you know and
Like what I found really awesome was it
Was our community that gave us the capital we needed to keep going
You know outside of that they are also our strongest talent pool
So some of the volunteers who worked on our tatsu.gg platform seven years ago are still around
The only difference is now they are full-time staff members
So I think honestly speaking if it weren't for our community, I think we wouldn't be here today
I know this might be really embarrassing to say but i've seen some
weird ass fan art of my original character, you know a huge amount of
Community made david emojis and i'm saying this because I actually noticed some of our community members here in this space right now
So thank you, but also screw you. No, I mean, I mean i'm just kidding, you know, I'm very thankful for their support
We've received from the community because honestly speaking we will need their trust again
Right this time we instead of migrating 120 000 players onto discord
We are migrating 120 million users onto web 3
That's absolutely insane, uh, how did you guys acquire 120 million users?
Oh, I mean that is actually a pretty good question
You know, I I know it sounds cliche, but really in the early stages, we just built what we thought was cool
Yeah, we we tried throwing stuff at the wall and seeing what sticks, but I would say that
Half of everything we've built so far in the past seven years doesn't exist as a feature anymore
Yeah, so like when we built parts of goji our first uh, fully discord game we hit about
450 000 monthly active users, but
It wasn't always like that. Uh, we had to go through a lengthy period of experimentation with our users, right?
So now that we have that experience and more, you know, we are applying that same approach to the next evolution of our studio
With you know tatsu maker, which is our cross-platform discord and mobile live sim rpg
I mean, I guess to put it simply we discovered value in building on discord by iterating and developing alongside our community
So by first delivering that value to our community then scaling it with other communities. We basically created
And this ecosystem has grown to encompass
More than 120 million items purchased from our in-game store for like virtual currency
And also we've got around like 7.7 million player to player transactions
And I guess the sidetrack a little here, you know, if you play mmorpgs, you'll be familiar with like
Real money trading and the scams that come with doing otc rmt
I mean we're quite familiar with that since uh
Many of our users despite our rules continued trading tatsu goji items otc
For real money on pretty risky platforms
I mean to me as a developer and you know as a steward of the community
I pretty much understood that we actually have a responsibility
To ensure a safer platform for our users, you know, like so eventually I decided that okay
You know, I wanted to help them realize the value of our items, but still maintain secure digital ownership
That was pretty much our team's first step into web3
You know all the way in late 2021
Like I know that web3 as a technology enables us as a team to fully answer this responsibility
So because our users eventually understood this as well
Almost half of our nft holders are native to our community while the other half are web3 natives who have joined us
That's awesome and i'm super curious what you think with that 120 million people
What do you think is the the secret sauce that makes it special?
Is it just that it's the the best discord games or is there something different that you guys are bringing to the table that people are attracted to?
That is something that quite a few people have asked us before and it's a really good question, you know, I mean
Just like one of our seed investors likes to say
Magic happens at intersections, you know, sorry for stealing its phrase
But I mean we really believe in that ideal as well, you know
Like I feel that the games industry is saturated with
Many similar looking titles, you know
Like but if you look at some of the most successful games in recent times like these games break the mold, right?
They experiment with cross-genre elements. I mean you guys were talking about powell, you know
powell is basically pokemon guns and survival mechanics like
Genshin impact is breath of the wild crossed with gacha characters rpg mechanics and strong character development, right?
Like for me personally, I played death must die
It's like an indie game that combined vampire survivors with the loot and stat systems of diablo
I had a lot of fun. I mean personally, you know, I never expected
A persistent loot and gear system in this genre, right and now I don't think I can play a reverse bullet hell without loot systems, you know
Having experienced these types of cross genres myself, you know
These things have influenced my direction for tatsumiko
Like I want to create something based on the games that I have a passion for but something familiar for players out there
But also something unique enough to stand out in the crowd
Like to be honest, like innovation doesn't come without research and experience
You don't take uncalculated risks, especially when spending millions of dollars, you know
We determined that hybrid genre would be the best fit for cross-platform overlap and like tatsumiko itself
Is a crossover of like two definitive genres. We're basically combining progression relationship and
exploration aspects of the final fantasy series
With the cozy creative and collective aspects of animal crossing
And I kind of like know that while some web tree games
Have a focus on building web tree elements into an existing genre
Uh, that's not what we want to do. We want to develop new experiences that haven't really gone mainstream in the mobile space
You know, that's why as a games developer. I have a lot of respect
For web tree projects that are really developing new experiences that integrate web tree aspects to really change
The gameplay to really value add to the player base
right, like I believe that at the heart of the games industry is
Innovation, you know risk is a part and parcel of that
And for us as a team to succeed we must embrace that innovation that risk
So I really feel that this is what is necessary to create like genre defining moments that everyone can get behind
That's awesome and while you were
Explaining the the genre bending or combining aspects of it and mentioned halls of torment
I immediately had to google it because I love vampire survivors and I love diablo
So I was like shit. I've never heard of that one. We got to get it in. Uh, thanks for the recommendation
I appreciate that. Uh, I know that you already have the me colony passes. They've been out for quite a long time
You have a bunch of stuff going on curious if you can explain at a high level what those passes actually do as part of the ecosystem
Okay. Yeah, well jumping straight to it
So yeah, like two years ago we minted out the mccollany pass nft collection
Today we're still going strong and getting stronger
Of course in no doubt. Thanks to our community and also to wolf style for supporting us
I would say that now we are much better positioned. Why is it more experienced in launching web3 products?
So like during the last two years you guys know that the web3 market was pretty much bleeding out
You know in the back. I think this was especially true for the solana ecosystem
Many factors like the entire ftx debacle, you know, uh other severe industry-wide
Incidents like terra luna, you know the block by saga
So I think despite all these happenings
We were happy to learn that our community has always been around to support the mccollany passes and our products even throughout the bed
I think part of the reason why our community were keen on the passes is really due to their current and future utility
And of course that our team has consistently been delivering value over the last seven years
Our direction with the nfts will continue to extend across all of our products in our ecosystem
So at the moment, uh holders of mccollany pass get benefits such as free subscriptions currency boosts, you know
Of course limited edition items for what we have produced already, you know in tatsu gachi and tatsu doggy
All of these available only to mico pass holders
So this approach will be similarly applied to our next title
Tatsu miko again with even more exclusive benefits limited to pass holders
But we also understand that nfts and tokens are live operation products, you know
So we have been working on setting like we have set up a content pipeline
Really just to continuously create value create content for our nfts and future holders as well
We know that in web 3 it pays to be early, you know
Like the mico passes are basically keys that unlock the future potential of our products
They're pretty much the primary
The primary vehicle we're going to use to grant early adopters exclusive access to unique features
Red in-game assets special events and a head start on the exciting journey ahead
And of course like speaking of special events, you know, we have an upcoming web 3 event titled the uncharted dream
Which i'm very excited to share details about
That's awesome. I would love to get those details. I do have to tell you I I
Used your statement of nfts as live ops products as a subject on gamified yesterday afternoon
And I thought it was a great discussion. I think it's a really pragmatic way to look at at nft utility
I would love for you to expand on that
We are getting close to out of time
But I need to know about this game and also if you have any additional thoughts there
And then I also got to know what what the alpha is like here. You might be able to share something with us
Oh, right. Yeah, since you know, we have two minutes left. I'm gonna try to make this
Short, you know, i'm gonna make this quick
So yes, this is like the million damage points question, you know, like earlier we talked about like me colony pass nfts, right?
but before tatsumiko, we also want to give you early access to
What we consider a socially driven web event called the uncharted dream
So in summary users will compete to inflict the most damage points to monsters
And of course a bit of tidbits for you folks on twitter today, right?
This event will be dated by our me colony pass and ethereal parcel nfts
As well as referral codes, so these guarantee day zero whitelist access
And of course nft holders will be able to distribute these codes at
Certain intervals. So please look forward to sharing the live if you're a holder, right?
The event will be relatively quick and simple gameplay loop. We've made it
We've made sure that it's convenient for everybody, you know, whether you're a web 2 user web 3 user nft holder
you know, you'll be able to farm exclusive limited items and
Premium currency for tatsumiko, but again, you know regardless of what you want to do with these special limited items in the future
This event will be the only time you can get them, right?
additionally, we want to give
Our holders of our nfts bonuses and other perks during this event that will help with
Increasing, you know damage points and leaderboard progression
And also this event will serve as a platform for us to partner with like many different types of web tree communities
In time to come we are going to announce these from our main socials
And just at a high level for people that might not know is the discord games that you guys have
Is it possible for them to integrate into other servers?
Like if johnny wanted to put it in his nexus server or if we wanted to put it in the wolves down
Yeah, of course, you know, like it's open it's available for everyone to use
Amazing thank you so much, man
I really appreciate you taking the time to answer all those questions
Was there any other any other alpha any wind token? I might be able to squeeze out of you before you go
Yeah, great great question
We're not ready to talk about tokens, but uh, here's what i'm able to share with you
We've built this infrastructure that we're using to convert millions of users onto tatsumi
Right, so any token that we release would encompass a much broader landscape than the game itself
We know that the potential for tokens goes well beyond just games, right?
And these designs are almost ready for us to share
But you know, I thank you for your patience in the meantime
I really hope everyone will enjoy the event. We've specially built for you, right?
I'm always happy to entertain any questions on our discord server or twitter
You know, so this is all I can share. Yeah
Thank you so much and that's gonna do it for our show tonight
But I gotta give a shout out to of course tatsumiko david absolutely crushed it really appreciate not just this episode
But the previous episode, of course johnny from nexus and this thing of ours, man, you've just been a mainstay
It's so great to have you yet again kicks his first time on the show as well as cool. You guys are both librarians
Maybe he'll be back next week if that's how he's feeling coop
Thanks for coming on the boomer laptop and still making it work
And of course my co-host spark c and unfortunately, I didn't even mention of course
Peyton wasn't able to make it this week because of the hack
He's still working on getting his twitter account back
If you see anything from that account, make sure you just ignore it until we give you the all clear
You'll hear it from like 400 different profiles and the wolfs dao official account and all that good stuff
So don't feel the need to to check until you hear from us, but thank you guys so much
We'll be back same time same place next week. Can't wait to run it back. Thanks again. David. Okay. Thanks for having me