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Best & Worst of 2025 | Simplified #97
Recorded: Dec. 15, 2025 Duration: 1:30:42Space Recording
Short Summary
In a dynamic discussion, key topics included the launch of new tokens and projects, significant partnerships, and emerging trends in the crypto space, alongside insights into fundraising efforts and the current market's growth and decline indicators.
Full Transcription
Thank you. You New type shit Kill a nigga wack on the new type shit
Sip and drink and hate the whole screw type shit
Just said I was running through crew type shit
I got a bad bitch at home, boo, new type shit
Take down Megan's Day, yo, I was about to group type shit
That's some deep shit, I just touched with new type shit
I just tricked off, roses used to do such.
Packers right up, all blue touch.
Bunch of rich niggas, hoes get confused, touch.
Atlanta nigga, Lil' IT, Turner, touch.
On camera, Dr. Giles, blue touch.
I cancel a Hitler, ass, blue touch.
A silent nigga, magic, a fool with you.
A silent nigga count down a fool type shit.
Moving through the city with your bull type shit.
Shredding something up like soap type shit.
You going against the guys and you're going to lose type shit.
Pray to God it not your got your shoe type shit.
Swapping, popping right about the blue type shit.
Put the double low rate of serotonin, that's a cool type.
I got this to work alone.
I used to leave the feeling like a zoom type.
Shout it, shout it, strip it, take a show.
I always get out of perks, also food, so shit. I'm shouting, then you work without it, Oh, Oh, So she,
I shot a big,
It worked out.
It's all.
It's all.
It's all.
It's all.
It's all.
It's all.
It's all.
It's all.
It's all.
It's all.
It's all.
It's all.
It's all.
It's all.
It's all.
It's all.
It's all.
It's all. It's all. It's all. It's all. It's all. like
That's all my girl type shit.
Cuck a nigga, rock, like, full type shit.
I'm sure my guys could be doing type shit.
She could know my boss, I got a new type shit.
Those days coming my flowers, I had to be a new type shit.
I'm around here with a bus, I look like a new type shit.
My Jesus, I think I'm all inside shit.
I don't die with the people that you got to my manager type shit. I think she was a man I'm with her, shit. But the whole time I think I should do my major type shit.
Sometimes she doesn't know how to do my boss, bitch.
The place they wrote me down my form naked type shit.
Anyone that I could see, I still have a smile for this bitch.
Because I wish I had a niche here on her, I should not shit.
She was so sweet and you were so mad the fuck in my life with shit.
She was dumb and the bitch she had my body in type shit. I like one of these ass'm gonna have to do with shit. You just gonna be down with the piss of your heart, but I know you don't type shit.
I don't want one of these asses to kill you
and I'm gonna tell you shit.
Some of them drive blue,
and I'm shooting them,
and I'm gonna get me up.
Right here, man, yeah.
Type shit.
I ain't put some niggas my girls,
why are you?
I'm gonna have to make shit.
What the fuck y'all taking my bags for?
Y'all just type shit.
I don't hang with rats, that's a new type shit.
I said, get a nigga whacked on a new type shit. I don't hang with rats, that's a new type shit. You're the nigga whacked on the news type shit.
Sipping, drinking, acting, so streaming type shit.
Just sad ho running through the crew type shit.
Got a bad bitch at home, a woman doing type shit.
Take down Megan's, stay young,
by the crew type shit.
Take five, 11, mate, sure.
I start to hate shit. My name is Madre. I start to take shit. Take 5-11, mate. Sure. I start to take shit.
When I am Madrid,
roster type shit.
I take a hold of Toast.
She'll master type shit.
Thanks.
She don't speak no English, man.
It's out.
Type shit.
She put me around her mouth,
cause I'm a boss.
Type shit.
Wow.
I'd rather lie than to lose you, girl.
I'd rather lie than confuse you, girl.
Truth is we laugh and they want us gone.
Truth is they can't handle me at the top. I'd rather spare you the details mine love.
Oh, I'd rather lose you. I'd rather lie. I'd rather lie. I'd rather lie. I'd rather lie.
Test test. Hello. Anybody hear me? Yeah, yeah, we got you oh
Thank fuck
Only had to leave three times in order to get it to work. Thank you Twitter Matt also wonderful introduction
Matt heard we were gonna be doing best of 2025 worst of 2025 decided to introduce us with two of the worst fucking songs
I've ever heard in my life. I appreciate that work you don't like type i hope i never hear that again type there you go
you might get on a remix with bars like that remix type this is way more where that came from
I'm from just wait. I'm juiced up off the Elon hatred right now, dude
just wait i'm juiced up off the elon hatred right now dude
I got something for you. What you want some I know what you want. You want some SZA your favorite all-time favorite artist
Shout out to SZA
All the Kendrick Lamar
Glabs hit
I can't believe Luther of all the songs of the songs, Luther is the one that's nominated.
What the fuck is that?
For what?
What the fuck?
What did it get nominated for?
It was during the Game Awards, wasn't it, Dub?
I forget.
But it was like...
No, it's going to be...
It's like a Grammy.
It's got a Grammy nomination.
Oh, yeah, yeah.
Yeah, it's nominated for Song of the Year.
That's what it is.
We got to know. It it's okay we're good he had nine separate bangers that were all
like song of the year and they were like no the one was sizza that everybody forgets
i thought they might nominate this is the one just to spite you honestly
is the one just to spite you honestly
did we lose sam already
no they're not allowed to come back
sam's down bad he hated on scissor see that's what it is
he hated on scissors see that's what it is they straight get outed my boy this
this just become my show is this now double-fied double-fied it else we don't
have to take a hiatus anymore no days off dub
no days off dub knock drop to her and shambles for once I'm the one with no
issues that's crazy I shouldn't say that till I get this space pulled up on at
least three more devices but I'm risking it all. what I drink. I think she's a plane. I think she's a playmaker. She could be on my team.
She could give her a ring.
It can't be me, but she could be on my team.
Sam's texting me on the side
going, can anyone hear me? I'm like, no, bro.
I think the fact we haven't responded to you in
30 seconds should tell you that.
He's showing
us a listener for me, not a speaker.
He's
leaving and coming back. Knock two.
Alright, here we go. They have some interesting
Wi-Fi in Utah. I don't know
what they're on, but they got it.
No, I've had zero issues.
It's fine.
You live in Utah?
Jump, quick run!
You want to come out here?
I want to say hi to hontau hontau i have a question you there hontau yeah what's up why don't you ever respond to my tiktoks i send you i send you
like 20 a week uh because it's quite it's quite overwhelming and I've sent you some, like, legit bangers.
No, because every time I watch one, I get closer to going to hell.
Dude, no, like, I'm sending you, like, the greatest hits,
like, Kidz Bop of TikTok, and you're fading me.
Like, if this was a Spotify playlist, I'd be a top follower.
No, no, no, no.
Every time I watch one, dude just like this is coming just watch a
few the ones I sent you this last week come on okay okay okay can anybody hear me I have been
trying to unmute for 10 minutes yeah you and Sam are good oh my god Jonah that's the same thing my
girlfriend does to me see have you seen my yeah yeah that's what my girlfriend does to me so have you seen my yeah well yeah well that's what my
girlfriend does to me too but like but whenever i send things to my girlfriend she's always like
eh here's a picture of a panda but when i do it to hontau he responds with something even more
retarded and so like i just i miss i miss that foreplay that's all you just want to be seen
yeah dude like i don't dude i don't care about being an influencer i just want
people to like my curation of memes that's all i care about you've been going crazy though i saw
the views that's that yes sir yeah you're good sam yeah dude i'm getting spammed with looks like the connection was lost.
Looks like the connection was lost, buddy.
That was really great timing.
I'm pulling it up on my computer, too,
just so we have a backup.
But if Sammy doesn't get it in a second here, I'll start some intros.
I'll do my best while Sam works out the tech.
Let's see.
Yeah, you're good.
Okay, I rejoined on PC, but now it's... He's the pudgy penguin perusing around precariously.
It's Epstein Island.
It's dub.
Do you guys hear this piece of music from my laptop?
Yeah, it's great.
This is crazy.
All right, Matt, go ahead.
Dub being on Epstein Island is crazy. Matt, go ahead. Dub being on Epstein Island is crazy.
He's part of OG Axie Infinity crew that turned pixels into paychecks
and birthed the play-to-earn phenomenon.
It's the algorithmic anarchist.
Bro, I can't hear anything.
It's just elevator music.
Yeah, just a ton of music.
Can't hear anything.
Wait.
Don't worry. How about now? Yeah yeah now it's gone that's an interesting
all right well let's run that back he's part of the ogx infinity crew that turned pixels
into paychecks and birth to play to earn phenomenon it's the algorithmic anarchist
the lord of liquidity from moku and back in good health. Hopefully it's Hentau.
does the Wolvesdow have a new border?
What is this cabal shit?
Yeah. Apparently none of us were
invited either. Been seeing this for a few weeks
now.
I'm on basic mode. I feel
like I need to upgrade. Looks like we got
sponsored by Subaru. Is what that looks like.
It's the miraculous monkey yodeling on YouTube.
It's Gorilla.
Next, we've got the founder of Real Third Web and the CGO of Game Fund, a CalSheet partner,
and most recently, the founder of Live Frame, which was recently announcing a huge announcement,
which I'm sure, Jonah, you will talk about some today.
Congratulations on that. Brace yourself for the real Jonah Blake.
It is I. I am here to commit horrors beyond human comprehension.
Per usual, we expect nothing less.
But yeah, clipping software looks amazing. Definitely going to check it out a little deeper.
Up next, it's the collector of the culture himself now calling plays as head of BD at OpenSea.
It's the blockchain baller, the one we affectionately call Big Roni.
It's Oliver Maroney.
Thanks for having me, guys.
I'm glad to be here.
The only fans OpenSea aficionado, it's Oliver.
Oh, my God, dude.
This guy, Jonah.
I'm sorry, Sam.
Can we get me back up here, man?
This is brutal.
Tess, are we back?
You're pretty back.
You're fairly back.
Jesus Christ.
Oliver, can I tell you a story about the Pudgy Penguins party where OpenSea was brought up?
I don't know if you heard this story.
So one of your staff members, I was in line.
No, no, listen, listen, listen.
It's a good story.
It has a good ending.
It'd be very good.
So I was in line at the pudgy party in Miami.
It was like the second day or whatever.
And then with my boy, and I'm just chilling.
It's a beautiful night.
And this guy, this some guy, I've never met him before.
He's like, is that Jonah Blake?
I thought he was too good to stay in line.
And I was like, I don't know, man. It's just nice out. Iake i thought he was too good to stay in line and i was like i don't know man it's just nice out i don't really care like i can stand in line and then one
of your staff members goes wait are you jonah are you the guy who hates open c and i was like yeah
and he's like come here he gets me in i cut the line and the other guy just has a mouth gait wide open just got me i was laughing so plus 10 points for open c
yeah i guess that's a w i don't i don't know how to i don't i don't know if i love that story or
not i can't really figure it out but glad you got that hello hello you're good sammy oh my god i
keep being spammed with the fucking connection loss thing dude. It's just gonna keep kicking me every This is crazy dude Elon finding new ways to cock me every single day
Well, I don't even know which intros you did Matt. You got to keep going
I got you. I got you
She's printed from stocks to subnets from sales floors to summoner scores wolves dow
System sorceress. Sheez i should let you
take this one she sinks squads streamlines chaos and finds time for her side quests
she's the slayer of stress the spearhead of structure from the wolves dow and kaizuna it's
slayer what's up gg matt well done um yeah we're flutting on the year and we're ending this year
on a really high note with the dysfunction of this panel right now.
I love it.
Dysfunctional panel and dysfunctional charts, but we push forward regardless.
He helped launch one of America's first crypto exchanges in ShapeShift and built the number one app on iOS in 2017.
Now he's back.
Bigger mission, turning gamers into game creators in minutes instead of years.
He's the raid ready
the co-founder of remix it's charlie blackstock
i cannot hear charlie blackstock hi my name is charlie i think jonah's a great person
thanks charlie interesting take not one we hear very often on this show. Up next, he survived lag, latency, and low-skill lobbies alike.
He's seen every map, mastered every meta from 360.
He's on the slopes of 360.
No scopes.
He's the undisputed king of controllers.
It's Dub.
Dude, Mondays suck, man.
Let's get it going.
Did we just lose Sam's shit?
Jesus.
All right, we're on one.
And he's back.
What else do we got here?
We've got something special for the silverback of speculation,
the vine-swinging virtuoso of volatility from treetops of trading to the depths of DeFi.
There's one beast who rules it all.
He howls through bear season and thunders through bull runs
so beat your chest and brace yourselves for the gorilla of gains it's crypto gorilla
yo yo thanks for having me yes sir one more to the working mic list we're on a roll
sam is almost back knock is nowhere to be found great uh anyway he his social surge his brand
booms it's matt stefanina the better brother of
the stefaninas yeah thanks for having me guys and uh oh wow your merch was really great i wore it
yesterday and i was like huge merch fan dude whatever i put on my sweater i was alone last
night it was like 11 at night i was playing metro Prime 4 on my couch, and I put it on.
I'm like, man, this is like cuddling with Matt.
Wow.
And I was good.
It was nice.
Can I get that on a formal testimonial?
Yeah.
Dead ass.
I will literally.
Someone just tried calling me.
They're trying to stop me from having my love with Matt.
I was going to say that if you actually want that testimonial on your website, I will literally let that happen.
Hell yeah.
You have a deal.
It's going on the TikTok.
It should be in route.
Can you ship these?
Come on.
It's on the same plane as Sam's Wi-Fi connection right now, but it'll be there, I promise.
Dude, I wish this was the result of a Wi-Fi connection.
I've replaced my Wi-Fi connection. It's just God hates me. Let's just go ahead and get into a topic
before I off myself. Doodles Mint recently announced a Doodles IP expansion called the
Doopies. After selling just a few thousand NFTs, less than 15% of the supply in each of the paid
rounds, Doodles then cut the supply from 20,000 to 8,000 of their collector cubes and 5,000 to just 800 hypercubes. Naturally, this makes people question
if Doodles can't sell out their first secondary collection. Can anyone have a successful NFT
sale? I want to give Guerrilla a shout out for having a lot of really great coverage of this.
So the question is, again, does anybody have a chance at NFTs as it stands right now?
Hans, I'll go to you then, Oliver.
Yeah, I think NFTs have been very disappointing this year.
And every mint that you have is basically another risk that you're taking to your main company.
Because essentially, any time that you fail, the your main company because essentially anytime that you fail the community
sentiment is very different because they look at you and they're like oh you didn't mint out oh you
are a shit collection because you didn't mint out so when it comes to like nfts it's like every
mint that you do is another risk that you take
oliver curious to hear your take on this one.
Yeah, I would just say that mints aren't necessarily dead. I think the issue that we
have right now is that, and I'm not putting doodles in this category necessarily, I actually
really like Scott, Burntoast, and some of their team have followed their journey since
they minted their first collection.
Don't have too much to talk about on their collection.
I think there's some obvious things that, you know,
obviously CryptoGorilla pointed out.
But I think where people are looking at this
in like very different spectrums is if you're a team
and you want to mint something, I think in this day and age,
a lot of the playbook has been ran.
And it's been ran so many times that people know to a degree
what will and won't see success.
Now, there's caveats to that.
But I think a lot of the time when you go in and you say,
hey, we're going to do this thing,
it's like all the holders are going to get free ones,
and then you're going to do X, Y, Z price and Y price,
and this is how it works.
You've seen that playbook thousands of times at this point.
It is actually very, very difficult for me, even as someone who works at a place that sells NFTs, to sit there and say, okay, this all makes sense again.
And so even in our process, when we're taking on NFT mints or projects that are talking to us,
I am like doing more due diligence than we have previously because market's a very different
market. People are not used to the same things that they were maybe two or three years ago.
And so my thought is the NFT mints that work are the ones that are pretty creative
or have some sort of like hook to it. And then on top of
that, the price and the supplied like dynamics are very different than they were a few years ago.
I have yet to see too many collections going to 10,000, 15,000, 20,000. And the ones that do
are typically free if they're going that high. And so, you know know with 721c uh there's a lot of promise to
potentially if you think that you're good enough to go out and do a free mint and set yourself foot
out set your foot out there like that and i think there's some other ulterior ways that you can go
about it but again to my point earlier which is just saying all the mints are basically the same and if you what is okay all the mints
are basically all right all right i'll wrap it up damn dude harsh uh all the mints are basically the
same and the ones that are winning are the ones that are differentiating themselves like flog was
very very interesting i think some of these digital to physical ones
where you actually tie value associated
to like a physical, you know, blind box,
whatever it may be.
I have lots of thoughts here,
but my general thought is be creative
when you're doing these things.
Don't go where everyone else goes
and don't do it just for the funds.
Do it for something else. Like
there needs to be a hook here that gives people a reason to believe, reason to feel good about it.
And right now the market is not in a place where you can charge hundreds of dollars for an NFT
mint with thousands and thousands of supply. Fair takes across the board. Let's go over to
Dub and then to Crypt the crypto gorilla who kicked this
whole thing off with his uh his coverage over the week dub yeah i was i was going to bring up
flog too as an example of like something that's current and is working out um but it's my comment
on it is nfts are long dead it's weird that the the timeline is describing it as like okay the meme coin boys are the nft boys
of of the past so now like the nft guys are essentially like two graves deep at this point
maybe that means they come back as zombies and in like cycle four or something and then we'll
be gravy but um prediction markets are gonna reign for for at least another cycle until then.
So, yeah, I mean, I definitely don't see people being able –
I'm not surprised by the Doodles one either because as the sale rolled out,
as prices started to change, it just felt like we were live in freaking Black Market
or Black Friday retail going into Cyber Monday,
just seeing a different sale on the same socks every day, a new set.
It's just wild.
So hopefully people clean up their stuff.
And like Oliver pointed out, the creative ones, the fun ones
that just do it simply and are kind of new to the space
are like kind of new to the space are going to see a lot more success than the current incumbent
are going to see a lot more success than the current incumbent.
gorilla excited to hear your take after covering the whole thing and sort of where it stands now
what did doodles do wrong and what does this mean for the broader nft market and did they make amends
with cutting the supply was that enough i mean they did they did i think a lot wrong it it felt
very disconnected like they're they're
living in a different world than everyone else I think this happens with teams I don't know what
goes on behind the scenes so I can't say like oh they don't talk to to regular people but it feels
this happens really often where like a team that has raised tens of millions of dollars whether
it's through mints or whether it's through funding or whatever,
their lives are good.
Like they're chilling.
They probably have houses and everything,
but they're not living the day-to-day struggle
that an NFT trader is.
So they don't understand.
And when they come in, they think,
oh, you know, it's doodles.
Yeah, $100, $130 mint price is fair.
From their point of view,
it could make perfect sense.
But if you step in the shoes of somebody like trading NFTs, like i mean you guys just all said it we're down bad we're really
struggling there's no liquidity um and then when you look at the state of the nft market like
everything has just bled every single chart is down only for 2025 there's little spikes if they
had something like a toke even doodles at the beginning of the year, they had their token, they went to 80th, but now they are literally at the lowest
they have ever been. Even mint, they opened up higher, like at 0.9 or whatever it was when they
minted. So we are at the all time lows ever for doodles. And they decided to come out with a
secondary collection. It felt like they were copying the whole blind box meta, but this is
a digital blind box.
You don't even get a figurine,
especially after the success of FWOG.
FWOG was super cheap, 25 bucks.
You get a physical figurine.
There was speculation around a whitelist for an ETH Mint
that cooked like it was a masterclass compared to this.
And you still get the toy.
Like you still get figurines for the blind box.
Here, it just felt very disconnected. Like, they're gonna come in they i feel they framed it as a gift
to us a gift to the people meanwhile they get to collect like four million two to four million
dollars depending how many doodles claimed um it felt rushed it felt very disconnected from what's
going on in the space and i mean i hope they have a cool game for it i hope they have something planned but when i joined uh loki did a space like the sunday before they minted and one of the doodles
like not core team but team uh came on stage and he was asked by somebody like what do i get for
my money here and he pretty much said oh it's a chance uh for people who can't afford a doodle gen
one to get in and it's just like really that who can't afford a doodle Gen 1 to get in.
And it's just like, really? That's the utility here? There is no demand. We're at all-time
low demands for PFPs. You're telling me there's not 20,000 of those people, Gorilla? There's not
20,000 people just begging to own a doodle? Yeah, there's not even people who want the
doodle Gen 1. So it's just so super disconnected to do a Gen 2. I don't know if it's like their
investors wanted them to do something or they saw like hey everybody's selling these blind boxes and making
a lot of money let's let's get our share um you know or maybe they they genuinely thought it was
a cool idea but either way it just felt really disconnected and I mean I don't think it it
matters for the rest of the nft space but because we're already down bad like they just showed us
what we already knew uh i think
there can still be cool stuff that comes out we can get a mini run but we're gonna need somebody
to do something really different and we're gonna need liquidity like that's all these why did
moonbirds go to freaking 50 eth it's because there was big vc bucks pouring into the space
we don't have that and we haven't had that for a minute every time there's money involved it's
money they want to take from us not like new money that's coming into the cycle or a big player
that's like yeah let's flood the market and uh and do something cool there it takes across the
board not going to you then to jonah yeah if you haven't watched gorilla's coverage on this i
highly recommend it i was watching it earlier just to kind of get refreshed a little bit on the topic um guerrilla fucking kills it on the reporting for
nft stuff um he says something in that video that i think is really important and he kind of just
alluded to it now but the go-to-market plan was basically well we're doodles so obviously you
should be paying attention to what we're doing. And the idea that you can release a secondary collection in December of 2025 after what has effectively been almost 18 straight months of down-only pricing for NFTs feels very disconnected.
The second piece of that that is really important is that they don't really seem to have a plan for what that asset would be. We talk about this a lot, but when you launch a token of any kind, whether that be an ERC
20 token or in this case, a 721 or an 1155, it's now a live service product that you have
in the market and it's associated with the brand that you've created.
So how do you drive value to that token?
How do you drive value to that item that somebody's purchasing?
What is the intrinsic motivation of wanting to own one and
currently the answer is there isn't one and it's why you've seen a supply cut
from 20k to 8k and one of the boxes 5k down to 800 pieces in the other box
correct me if I'm wrong gorilla but that includes a lot of the NFTs that were
minted I think it was like a was like 140 of that 800 number are actually controlled and operated by the
team at Doodle.
So to me, it feels like a thorough misunderstanding of where we are in the market.
You can no longer just announce an NFT collection as a brand and sell out much like Azuki or
Bored Apes have done in the past.
And then on top of that, we're in a situation now where the people who are here are, I use the term smarter loosely because there's a lot of stupid people in crypto,
but they're smarter buyers in general who have seen this play out before to Oliver's point of
view. So I think when you're looking at it holistically, it is a misunderstanding of where
we are in the market. It's a misunderstanding of where the value accrues to the brand Doodles themselves.
And I think frankly, it's a little bit of a miscalculation on how valuable the brand
Doodles has created is to the average participant who is still here in Web3 having held assets
that are down 50 to 100% over the course of the last year.
I think it's just a really tone deafdeaf piece to Gorilla's point of
view, or to his point earlier, it kind
of feels like maybe this was an opportunity
to sort of catch the train that is the
gotcha box, the blind box that we're
seeing in the physical space.
But yeah, myths all around. Matt, I don't
know if you saw, but Gorilla was waving. I don't know if his hand can come
back up.
Yeah, yeah, yeah.
So I guess three things one uh damn it's something you had said and it just
slipped my mind but okay the second thing i guess is uh sam you had asked me does cutting the supply
from down to ak do it like i don't know why everybody's saying that as a as a good thing
the mint timer ran out like the the clock ran out so like that it didn't mint out so they just cut it
like that's a perfectly normal thing um oh that's what you had asked yeah they so a hundred of the
hyper boxes was from the team and and 300 of the smaller collectors boxes also for the team um
i don't know how they they tweeted like oh we're gonna make it right for people who didn't claim
i haven't gone back to check if they did but how are you gonna make it right with 400 boxes when
there's like how many doodles out there duplicators especially a lot of them complaining
they couldn't i hope they're gonna figure it out like i'm not anti-doodles i want all these brands
to succeed i think their their work is amazing um and then i think there's part of the blame
is just on us in general we see this with pudgies we see this with doodles
azuki all these collections anything that and especially upcoming whitelists when you want that
whitelist anything these guys do all the comments are like amazing i can't wait to buy it shut up
and take my money w i mentioned that in my video like you you could say legitimate criticism and
you'll have an army in your comments just shitting on you.
Like, how dare you say anything negative about my bags?
And then I had made a tweet after about them cutting supply or about them.
Yeah, cutting supply and saying like, but they're going to do something for the team.
Maybe the supply is going to increase.
That's my mistake.
That was misinformation.
And burnt toast commented after four years of me covering doodles for free.
The first time they comment is that one.
But he commented like, oh, we're not going to increase the supply.
It's going to come from the team supply.
All the comments were just doodle PFPs and doodle banners and like doodle timelines.
All they do is read to be doodle saying WWW.
That's that's all they're just the letter W.
Like this is not good.
The team thinks they're gods.
That's why they think they can mint out a 25K collection for 100 bucks.
Because the community is constantly hyping them up.
And then the community doesn't show up.
So it's like, we're leading these teams to the slaughter every single time.
And it's like partially on us just because we're faking hype.
So we could either convince everybody there's hype or so we can get our
whitelist and then we can go make a bag and like buy off to the next one
and then shit on them once they go to zero.
Like I think we're partially responsible for everything that's happened.
I'm going to go to Jonah and then we're tagging in Chuck.
Yeah.
I mean, I kind of feel bad for these
NFT companies.
I think people
assume that CT has gotten smarter.
It has not.
People do not get more
intelligent. It's all about emotion
and feeling.
The only difference between
a one-piece
card pack and a doodles pack is the emotion that you put
behind the IP. And this is always putting the cart before the horse where there's two issues. One,
I don't think anyone would give a fuck about doodles dilution if they felt they resonated
with the art. Okay, the art is, you can say two things are true at the same time.
The art can be really amazing,
but also not appeal to your collector senses.
And I think that, I mean, you see this in gaming, right?
You see this with Marathon, now High Guard,
I couldn't even remember the name half the time,
Concord.
Doodles has a very similar art style,
and I'm not talking about politically I'm just
talking about like art-wise like it's got the Froot Loops color everything's very colored
everything's very uppy and happy and I think the aside from One Piece which again has like a legacy
there's a high demand for like gritty darker collections from what i've seen or nostalgic something i grew up with
and i think the problem is not diluting it's just that it's not an ip that has um a customer
right now maybe it does at some point in the future but i like them um i understand why they
do what they do i mean the only way to make money as a card pack company
is to release more cards.
That's just how it is.
This is what you sign up for when you do an NFT.
You're building digital cards that people can wear or use.
And the only way to make money is to make more of them.
So it's just what it is.
I am shocked to hear that you think it's a problem with the art.
I actually thought the art was quite nice.
I don't see a world in which, no matter what the art is,
that that mints out personally, given the lack of marketing that they did.
The art is beautiful, but the art doesn't make me feel an emotion.
All right, fair enough.
Let's go to Chuck.
Yeah, I think it's been interesting an interesting
road for nfts because it felt like one of the best use cases that like started the nft bull run
was nba top shot which like got a ton of people excited about on-chain ownership and nfts and i
was just looking at their volume they still do do decently well. Like I think they're still making like two to 5 million bucks a month in trading cards for NBA Top Shot, which is like a very
good business. That's just making, you know, anywhere from like 10 to $50 million a year,
depending on how they're doing. So, and it's pretty amazing. They're still doing that
four years later. And so, yeah, I think NFTs in the sense of like NFT, PFP communities feel like
they're kind of dead mainly because there isn't really a sustainable business model there. Like
before in 2021, when you could do pictures of Kevin in an empty field and raise $70 million
and then you're making 8% on royalties, that time doesn't really exist anymore.
And so we have an NFT collection called Far World,
which was like AI Pokemon characters
built on top of Farcaster.
We've done 4,500 in ETH in trading volume.
It's probably one of the more traded collections on base.
And we just don't make any money from it still.
I think the entire collection with all the packs, all the trading is still only made you know a couple
hundred thousand dollars which just like isn't enough to build a real business around and so
these like pfp communities were really forced to try to adopt like okay we have we have to make a
sustainable business if there's no royalties then the next result is either to drop a token
but then again if there's no revenue the token just is going to fall through the floor like all
of them do and then or just drop another collection and i think what carrilla said is really right
which is i think ct and especially nft holders you kind of get a false sense of confidence with
your audience and i think it's scary to open the door and realize that like, you know, asking the hard question that like,
do people really like what we're doing? Or am I just going to reinforce the good positive W vibes?
Or am I actually going to open the door that's people maybe don't like doodles as much. And
there's maybe not as many holders as we think there are. And we need to probably take a long,
hard look in the mirror at like, what is a sustainable business here?
So, yeah, I think like the PFP NFT communities is, you know, dead as a doornail.
I don't think that's exciting to anybody.
I think people want to see something more creative and interesting than that.
But I do think NFTs as a technology are still super viable.
And like, I think we're going to see them come back because I do think that's just a really good way to represent some like a sense of ownership on on chain and it doesn't
make sense for them to go away like there's just really good use cases for when you'd want nfts
over tokens and so i think we're just going to see them more as a behind the scenes data layer
versus this in your face pf community. Interesting stuff from Chuck and Klein
to agree with you there.
Let's go to Slayer then we're tagging back in.
Oliver.
Yeah, I think one thing I wanna point out
that I think I mentioned last time too,
is I was pointing out how funny it is
that in a bear market or when people feel like
they're not doing as well and they've already lost money,
people all of a sudden get a lot more discerning
and start caring about details on things.
In bull mode, it's all vibes, right?
It's like, oh, this looks cool.
It's doodles.
Yeah, it should pop off.
Let's go for it.
We are not in that market.
And so that's something to factor in for any project doing NFTs when it's a bull and everything
feels good and people have money to spare.
They tend to in this space be a lot more free flowing with
their money, right? They're like, Oh, yeah, this looks funny, you know, that this has
a chance, like, why not? People are taking bigger bets. And then suddenly, when the money
feels tighter, when people have already sitting on Ls, you hear the questions that we started
hearing last time about anything, a game and NFT, you know, a vibe project, it's how does
this benefit me? Am I going to get my investment back, right?
Is it positive ROI?
Do I think other people will buy?
And so we are in that market now where people are starting to ask these questions.
So not having an answer for what the utility is, besides that it's doodles at home for
people who don't want to afford doodles, doesn't work for this market.
So part of that is like the point, to Oliver's point,
you can't run the same playbook
when the user behavior
and user concerns have shifted.
Oliver Maroney.
Yeah, just two thoughts.
One, I actually think
it's actually kind of funny.
We're talking about this bubble,
Gorilla and Chuck both mentioned
this kind of like interesting thing where everybody has like this alignment with certain projects and they're like kind being too nice and not direct enough to other people in this space.
I don't have that issue.
Well, Jonah, you don't have X, Y and Z needs to be better.
And this this is actually good. And like what I'm saying is like a lot of people don't do that.
Like when I when I have a conversation with somebody, I would hope that they would give me like the honest, real look at things.
Right. Even if it's hard to feel, comprehend, you know, it's not easy. But like,
I think in this space, generally, we have a problem there. And I've just like, the amount
of conferences you go to and the amount of like, oh, your product, like the best thing ever, like,
I love this thing, like, whatever. And like, you don't hear any, there actually isn't enough
constructive feedback, I think. And so that is one thing. The second thing is just more on the creativity piece.
All I'm asking for here, and let's not use the example at play here,
but if a collection was to say, we're doing a secondary collection,
it's $25,000 supply, it's free.
All the holders get at least one, and then the rest is going to public.
And you take, by the way, at this one and then the rest is going to public and you take it by the
way royal at this point creator fees are enforced so you're hoping on the secondary side that you're
you're getting some there and then you say if you burn 10 of them you get a gen one and you start
buying up your like the the all i'm saying and again this is not it's not an idea i've had for
more than 10 10 seconds or 20 seconds
since someone else spoke before me.
But my point being is like, if you put a little thought into this stuff, there's actually
some really interesting ways that I think you could actually drive more demand back
into NFTs, which I think Chuck is referencing and other people.
I think a lot of people want to believe that this is a thing and it's going to be a thing.
But to get there, you actually need people to sit down and think about the strategic approach to these big moments in our space.
And I think to everybody's point, there hasn't been that many of them over the last, call it, 6-12 months.
I don't hate that idea, but I also haven't thought of it for more than 15 seconds appreciate
the the creative thinking let's go back to gorilla then we're probably gonna move on from this one
yeah just a comment on the on the feedback thing I I do think that's probably true I I'd hope a lot
of people are more honest one-on-one but I'd say we also you'll get you get punished if you get on
a call with somebody you probably have a narrative either way like maybe they want to work with you you're trying to work with them um but in my experience with teams especially for
whitelist stuff like not everybody it's hard to read the person you're talking to if they could
accept the feedback because i've been in situations i mean i won't name the project but one of the more
successful nft projects is cycle i had a really early call with them you know i ripped
their project apart but i was like super like i really liked the guys i liked the project but
there was some clear issues that needed to be addressed and they you know on the call they were
my best friends the second we got off like they didn't want to collab they don't want to give
whitelist bots they were just like done with me because i didn't want to make a video about them
they ended up making the changes i suggested and the project ended up doing
well. So it's like, sometimes you get punished for give.
I should have just gotten the call. Like most people do.
And been like, yeah, this is awesome.
Would love a hundred spots for my community.
I would have been rewarded with spots. And I mean,
maybe the project would have failed with not that I'm the only one who gave
them that feedback,
but you're not always rewarded for giving harsh feedback and being honest. So it's like the space being so financially driven,
like, yeah, most people just don't have the, that's what we saw in ethos, right? Like people
aren't giving negative reviews and actually using the platform you should, because you're just going
to piss somebody off for no reason. There's often no benefit in being honest. There's a lot more
benefit in just faking it or keeping your mouth shut. i just can i just say like i agree with you that like
the financialization and like the speculative nature of this whole thing and everything else
and i get that side of it but if if people in this space can't take some honesty one-on-one
we have like a real it like you're never gonna grow a business at all period point blank like there's no world
in which like i can't think of fountain jensen wong like anyone you can go down the list of people
like i understand these guys have egos but they definitely when rubber meets the road they're like
oh shit we gotta fix something oh this is right they're going to every vc and every friend every
person they've known that
they can trust and they're getting advice we don't have a lot of that and i guess that was my point
gorilla is like yeah you shouldn't feel that way you shouldn't feel like you give the team feedback
and then they yank your spots like that that seems like counterintuitive i don't know um well i think
we're not mature enough that's it yeah i mean it's I mean, we built an industry on vibes and trading in CT.
So when you're just building for positive responses on CT or filling up a Discord server with a million people spamming GM,
yeah, we didn't build a foundation of a good business or product feedback or iterating on loops.
You're just building it on positive vibes. And so they're the vibes aren't positive you're just like fuck
this guy i don't want i don't want to talk to him i'm gonna go talk to the million farmers that are
saying gmw let's go to the moon wag me oh yeah i've been doing for four years so on the flip side
on the flip side on the internet though it's just in general you have like this very negative vibe
like what you're talking about and then there's like this happy medium where you actually get on
a call with that person and they're actually not that bad like i mean look jonah i'm not going to
out you here but you've said a lot of negative negative things to people but then when i get
on a call with you you're actually i get it, you have some engagement farming and some other things. That's the magic.
Huh?
That's the magic that Disney promised.
Okay.
But I'm just saying, I'm just saying, you get on a call and it's like, I could probably get some good feedback from you. And I wouldn't view it like, oh man, Jonah hates me.
Like, that's not, that doesn't.
I don't really hate anyone, to be honest.
I can only think of
three people in crypto I hate.
One of them is the guy from Alluvium.
That's all I can think of. I don't really hate anyone.
Point being, you and Inhuman
got some beef. Oh, yeah. Well, that guy's
a retard. That's why I don't like him.
I don't hate him. You can't feel bad
for... You can't hate a retard, because
to hate someone, they have to be on your level.
So I just feel bad for him can't hate a retard because to hate someone they have to be on your level so i just feel bad for him my god uh the jonah the jonah disney promise is he's gonna punk you
in public and pamper you in private baby book it that's crazy anyway that was a good topic i
appreciate you guys also to have uh oliver and crypto gorilla too the people still still grinding
nfts you know this late in the game, which I appreciate the perspective of.
Let's move on to best and worst of 2025.
Okay, I know everybody's going to say Trump and Melania, probably more Melania than Trump.
And then Bybit, $1.5 billion hack.
I don't know how much this group of people cares about it, but certainly anytime that
kind of money is being extracted by hackers, a very bad thing.
And then Libra, obviously, we'll throw that out there too.
I'll kick us off because I don't really have much to introduce this topic.
I'm just genuinely curious what people think the best and the worst moments were,
maybe from your individual sectors too, like I'd love to hear from Guerrilla on NFTs.
My personal worst, unfortunately, gaming tokens, no actual product market fit to date.
I think even off the grid,
people are largely confused about what the fuck their nodes do
and how they can be taking whatever the token is down.
All the things that we were hoping would actually lead to something resembling a flywheel
where everybody benefited from the game creators and the players of the game and the
investors that bought nodes has not come to fruition so for that reason uh gaming tokens
probably my worst of the year i don't think that completely excludes them from feasibility in the
future just to be clear uh but i do think they're in a pretty rough state then my best i'm gonna say it because oliver won't
open c's return to dominance absolutely dumpstered blur and magic eden this year i mean for the last
two and a half years all you fuckers could say was that how magic eden and blur were the future
and how fucking pac-man was a genius and whatever and open c just stayed the course and then dropped
like 75 updates for all the shit you guys were asking about uh for the longest time so big shout out to open sea and their return to
dominance that's my best of the year uh knock i'm going to you yeah my best will come with its uh
co-pairing worst uh and then i'll give you my actual worst the best moment of 2025 far and away
was the launch of trump Token in a vacuum.
All right, you've got the incumbent president of the United States announcing very publicly that crime is legal and it will take the form of crypto.
And everybody felt great because the market exploded.
We quite literally created like an $80 billion FDV token out of thin air.
That lasted about six days, which was followed by probably the worst moment of the entire year, which was crime is legal and we're incredibly greedy.
So we're also going to drop a Melania token, which just nuked the crypto market.
And we saw like a couple of splashes over the course of the year.
But to me, that was the moment that this year was already basically wrapped up.
Call it quits. The market is going to be in turmoil all year long.
So Trump and Melania somehow simultaneously both the best thing and the worst thing that's
happened this year. The actual worst thing that happened this year, you said gaming tokens. I'm
going to get real specific and air out a couple of personal grievances. SOMO, 2024 portal launches,
everybody makes dumb amounts of money if you get into the private sale there.
Myself, like many other really stupid people, drop a ridiculous amount of money into the SOMO launch.
It has now been 18 months. It has been the entire calendar year of 2025.
We get an update from the SOMO team once every three months that says a whole lot of absolutely fucking nothing.
They repeat that cycle every two to three months.
They just recently did it in November.
That has now been almost two years by the time that this token launches that people have had capital tied up in the SOMO team.
They are the worst of the worst when it comes to kicking the can down the road.
And I think in an era where gaming teams are shutting down, we know why they haven't,
and it's because they've held $20 million hostage for two years.
I don't know a single human, a single one that actually thinks that game is real. Not one.
I know a lot of people.
I'm going to have to cut you off there because I've had 30K held hostage for two years.
The game is great. It's real.
It is 100% going to be the game of the year in 2026.
And everybody else should continue sharing that message, much like what Gorilla just said,
because I need to recoup my bags.
I appreciate that not-at-all-biased message. Thank you so much.
Charlie, I saw your hand go up and then disappear.
And I know that's Twitter's fault.
So before I forget, I'm going to jump the line and go straight to Chuck.
Yeah.
Well, can you hear me?
Yeah, you're in business.
Okay, cool.
I think the best this year for me was, I know it kind of started last year, but with just the rise of prediction markets.
I think it's one of the better use cases for crypto.
And it was cool to see like Polymarket and CalSheet really like going mainstream and especially just how, yeah, it feels like every podcast and news channels now referencing Polymarket and some of the stuff.
So I think that's awesome for crypto and seeing that use case evolve.
that use case evolve. I think the worst part about this year, which is more of a macro trend,
which seems to just be crypto's main use case is gambling and trading and crime. And so it's been
a little disappointing that we feel like that's the only thing we've really found, get mainstream
adoption. I think it's going to change over the next couple of years when we have more and more
backend infrastructure built on top of crypto instead of everything that's being hype but
i think that's one of the things that's been disappointing this year is it feels like the
only real trend that's sticking right now uh is gambling and hopefully um you know hopefully we
can change that in the next couple years
please god please let us be able to change it agree with you on prediction markets i mean
almost undeniable that they've been probably the single most,
the single brightest spot for Web3 over the past year.
Let's go over to Jonah.
I'll do my personal and then like the macro.
Personal best moment is like this morning.
So I think for me was that was pretty great
um worst was uh the beginning of the year realizing what happened this morning
uh jesse complimented you no well that too that's great i like jesse a lot um
coinbase ventures is backing us so we're happy oh that's good yeah yeah so the worst thing
for me and then i'll just say macro is probably realizing that web3 gaming was dead probably in
december of last year after art basil reading kind of seeing the writing on the wall and then having
to take a leap of faith to try something new in the beginning of the year,
especially when most of your counterparts that you share the space with don't like you saying what you believe to be the truth. I'd say that was the hardest part. In terms of the macro,
best part is actually recently where the SEC is going to have a special experiments clause,
where the SEC is going to have a special experiments clause,
which exents them from getting restricted.
I think that's a huge deal.
It allows for tokenized equity and all sorts of new creative mechanisms.
I think the worst thing was meme coins.
I think meme coins really, like, yeah, I made a ton of money on them.
Like, I'll be honest.
So, like, for me, it wasn't bad.
But I think they delegitimized this space and pushed us back several years, to be honest.
Yeah, hard to disagree there.
Let's go to Dub and then Slayer.
Yeah, I mean, pretty hard to agree with Jonah, except today wasn't my best day compared to him.
But I just wanted to give a shout out to Shrapnel for the year.
That was pretty much it.
What?
What?
Well, they made my year is where I'm at with it.
The segment is best and worst of 2025.
You just named one company and didn't say either.
They were the best and worst for me.
It's,
it's a two for one dude.
It was,
they let,
they let me be free.
but they also broke me down in the process.
you know,
here we're at.
I'm,
I'm still so fucking confused.
We're just going to keep on pedaling this bike.
Didn't you leave in like february how is that the best slayer go ahead slayer i love that i love this this functional panel um i'm with a lot of people on the panel i think the
best thing for me this year was the regulate regulation in the u.s backing off so like my
parents finally stopped asking if I'm a wanted
cyber criminal. They just now ask continually still if I'm poor. But at least one of those
questions went away. But honestly, that just gave the space a lot more breathing room, right?
But they're both true. Plot twist.
As long as they don't have to know the answer, right? But no, that was great. Like, I think in the midst of people not being in the best mood right now,
we kind of forget that, but that unlocked a lot.
The counter of the worst for me is actually, it's tied to the best.
That's why it feels so bad.
It's like in an environment where a lot of the rails are off and it's more open.
And a lot of the, some of the things that were keeping people from trying different things
and innovating out of fear of regulation are loosening now.
We are in response to that, mostly just pushing out, like Chuck said, the gambling stuff like
prediction markets and meme coins.
And while that might be fun for some people, while these might be good revenue generating
businesses, while some people here totally love that that I agree with Jonah on a larger point when I talk to my friends this year who are not in crypto compared to last year
it is much more oh yeah but your space is all just like gambling and like skims right and like
I feel like we were making progress from these people and now they're just like oh no that
never mind I was I was wrong it's just all that so I feel like that does set us back especially when
the rains are off more now it's like I would hope that we can make other things too.
You and me both. Going to Gorilla, then Oliver. Best of 2025, worst of 2025, brother.
Yeah, for me, it was, well, I'll do a non-NFT one, which I guess kind of
encapsulates the year. Trump, for me, and Nakh, you said it was the best moment. For me, it was, well, I'll do a non-NFT one, which I guess kind of encapsulates the year.
Trump, for me, and Noc, you said it was the best moment.
For me, it was probably the worst.
I'll never forget it because it was on my birthday and I was exhausted.
So I went to bed early.
I wrote a thread about Izuki.
I posted it.
I saw something about a Trump, but I just ignored it.
I went to bed.
Then Hustlepedia calls me at 11 at night and he's like, yo, did you hit Trump coin? It was still under a billion too. So I had an entry, but I just look
at this chart. I'm like, oh, I missed it. And then at ADX, a lot of my friends made like seven,
even I know people made eight figures. It was crazy. So I'll never forget it. And I guess
that all year I've been kind of caught up on content versus trading. And I feel I didn't excel at either because I was so focused on trying to do both
and run a community, you know, get whitelists, all this stuff.
So for 2026, my resolution is just going to be like hyper-focused.
But I guess my, I'll do an NFT worst, probably, probably Godjira.
It went from being a really good play to a really bad play i had swept like i forget how i swept a lot and they were listed for like
a month like i set a target price and then i did an interview with with sean and i felt like
before posting i'm like i feel like i'm'm going to use my audience's exit liquidity.
So I delisted and I bought more.
Big mistake.
It went from being like a plus 20K play to I lost 39 grand on Godjira.
So that's probably my worst moment.
Best has got to be OpenSea.
It's been for me a dream working with them since 2021 for my channel.
It's the first NFT video I ever made, actually, how to use OpenSea tutorial.
So just working with them, but also just the stuff they've been doing.
Like it brought life back to NFTs.
I forget, maybe it was you, Oliver, if it was Adam.
Like I literally at one point just DM'd him like, dude, this is the funnest I've had trading nfts in a very long time because this cycle has been rough for nfts and with that plus like the whole
strategy coin meta like it brought life back to like this uh to yeah to nft discords and everybody
was in bcs again and uh so that was a really cool moment and i mean i hope we get another one of those in early 2026.
Oliver, going to you.
Best and worst of 2025, brother.
Yeah, I think my best is going to be RWAs as like a class.
And that goes for everything from like Robinhood tokenizing stocks to like Pokemon cards and the meta that we've seen kind of play out with that. As a card collector myself, it's like one of the most kind of obvious use cases for this stuff.
Like it actually solves an issue.
So I just think it's going to get bigger and bigger and bigger.
And we're seeing some of the numbers come out of these like companies that started even three, six, nine months ago.
And they're pretty
huge. And so I think that's just going to continue. And I actually don't know if it really slows down
anytime soon. I guess my point being is there's this underlying asset or whatever you want to
call it, card, IRL product that has a value. It's like on eBay, it's everywhere. And it's not going to
zero, like some of these other things. And so it is kind of a little bit interesting just to kind
of see it all play out and how people are doing it. Yes, there's pack openings. And you know,
the kind of way that they do it right now, a lot of them is not necessarily the way I would,
I would necessarily say is the
best use case but we'll get there uh the worst just like lack of um i would say competition
in a lot of different areas and the lack of creativity kind of goes back to our first point
but like i i actually think a lot of people have kind of either taken a step back and or
not really innovated um in the way that you'd like to see.
And I understand this is all new. It's hard to do, whatever. But I just think like the lack of
competition paired with like some level of lack of creativity into what you can do in this space
and how. Like I look at football.fun. I feel like that should have been done five years ago. No,
I'm not trying to be rude to football.fun. But to it's like it took that long and there's so many ways that you can do this
stuff differently and i give them a lot of props but come on let's let's like figure some other
stuff out i know it's easier said than done but that that would be my that'd be my worst
yeah it's a great point man i mean i've felt that a ton in gaming in general of just like
this is a cultural problem with one person does one thing that sort of works for a small amount
of time and everybody goes holy shit we have to do that there's no more like we're gonna we're
gonna stick to the plan and do something really hard for like two consecutive years in order to
ship something that's completely different in order to create the next meta.
It's just people being like, well, that just worked.
Fuck, like pivot, pivot.
Let's do it.
Hands out.
Going to you.
Best and worst 2025.
You can't say pneumonia and almost dying.
That one's Knox forever.
Yeah, I win that one, buddy.
Do it right if you're going to do it.
Yeah. Hey, I'm in the running too so the best thing would be i think there's still so much opportunity in the space uh even though
we've kind of been through a lot of challenges in the last year like we've had all-time highs
we've had a lot of different uh like world liberty finance
could have just aped anything you would have got like a free i don't like a free 5x on that um
yeah there's just like so much opportunity that was given to us in the last year that was free
the worst thing is even though we have such good new adoption and government rules
and things are looking really awesome for crypto,
we're still getting fucked tremendously.
And my bags are still down pretty bad.
Well, on that very, very optimistic note,
actually, I want to hear from big bro, Matt,
Stefanina, your best and worst of 2025 before we move on.
Uh, man, this is a tough one.
I, I gotta say, I don't, I guess I'm going to put it in worst cause it's, it's ironic, but you know, Sam and I's mom every year, uh, sends us like a, a few dollars worth of
silver coins, like actual silver, and I have them in a drawer.
And I just think it's ironic and pretty fucking embarrassing that that outperformed my entire crypto portfolio for this entire year.
So shout out to mom and I got to go back and get that drawer together and see how much I'm up because the rest is pretty down bad.
I would say the best for me, at least, was honestly the events, especially like this kind of started back in like late 2024 into early 2025.
I think the last six months obviously has been a little bit tough. But I would say from starting like token last year into GDC with the
Wolves, shout out to the Wolves DAO and everything that you guys did and Sam, like, it was some of
the most genuine fun that I've had at crypto events in my five or six years now of going to
them. And I do think despite things getting a little tough towards the end of the year here,
some community members really stepped up.
And people that were in the space throughout 2025, like, you weren't here for the money anymore.
Like, if you're still showing up on Spaces and on Twitter, like, you're here because you genuinely care about the space.
And I think it's just been really awesome to be able to connect with people that really genuinely are here for the right reasons.
And hopefully, 2026 has some more reasons for us to celebrate together love that we're not here for
the money we're here because we're masochists oliver i see the hand up back to you oh i was
just gonna add the events thing i agree uh they've been very well produced I just got back from Breakpoint by the way I think
that was the most well produced
organized event that I have gone to
in crypto and I don't
really think it's that close
but I also would say
like Avalanche Summit was really cool
obviously the castle and stuff like that
there's just a lot of very memorable
events that I can think of this year
that I can't really think real There's just a lot of very memorable events that I can think of this year that I can't really
Real quick. I saw a lot of posts. I saw a lot of people sharing that sentiment about breakpoint. What was like top three
Moments or events or what was it about it? I I mean it was in an arena in Abu Dhabi
That was very well put together and again
It's just like it took me less than 30 seconds to get my
badge. It, the food, drinks, everything's covered. You don't have to think about like where you need
to go or how you need to go somewhere. The arena was basically packed. Like the, the floor where
people were speaking was packed. Uh, the talks were very good, but also not that long. So you're
not sitting there for an hour listening to one person like that. They just did a very good but also not that long so you're not sitting there for an hour listening to one person like that they just did a very good job and like the
production value of it was insane I felt like I was at like a I don't know I
felt like I was like NBA Summer League or like whatever like these bigger events
and so I just give them a lot of credit it just felt so well constructed the
sponsors the brands the way that they showed up and like how they did
things it's it all like made sense it just like and of course in Abu Dhabi Etihad Arena is like
brand new so state-of-the-art everything you know like uh the the cleanliness of the conference in
and of itself was like a huge plus for me like the amount of
people that are sick and stuff like that you just like i don't know everything was just really well
put together and i just haven't seen that in crypto very often normally there's two or three
or four things you're like ah that could have been better or like why did they schedule four panels
that start at the exact same time like that makes no sense to you know what i mean like that it all
that stuff that you would think would be easy it's not first of all organizing events is really fucking hard
especially all day events for three days straight in a foreign country but also just like the yeah
again i don't need to go too much deeper you get the point really cool sad we missed that one
fuck was it far away after just being in asia just just no
way i was gonna do it but awesome to hear that it was worth the trip glad you had a great time and
hard agreed to the the events have gotten a lot better uh from the perspective of like actually
uh being produced even as they've gotten smaller from the perspective of we're not renting you know 3 000 person yachts
and eminem isn't performing at basey events and stuff but they're actually more enjoyable now
just because the the people that have been filtered out as well eminem only showed up but
never actually performed because it was not in his contract to hold a microphone or say a word was
the most disappointing thing of 2020 whatever the fuck year that was imagine imagine being at that point in your career where you're
just like no i know everybody's here to see it but like it ain't in the contract bro gg we're good
he didn't even like he didn't even like fake it like he was about to he just stood there he was like yeah no chance couldn't even give you a summer not a single nah it would have helped his bags too that's crazy
that's even more crazy he's like i'm gonna need a second free ape for uh for me to say
say words all right we're moving on one thing to be excited about in 2026. I'll kick this one off too. I got two because I can't follow my own
game mode here. Project O and Galaxia. The two best
things happening in Web3 gaming, hands down. I've got some others that I don't
hate, but none that I'm excited about. Outside of Remix, of course, I don't feel
like I should be plugging that myself. But Project O and
the collectible system that they have
and the way that it's additional to the Web 2 product,
but not the entire thing.
It's like for the collectors,
and I do believe there is a large enough TAM,
total addressable market of collectors,
that if the game does well,
the collector ecosystem could also do very well.
It just makes sense.
And I'm excited about Web 3. That makes sense. I will do a little of a remix plug here. We added Web3 payments
because Web3 payments make sense. You don't have to do anything crazy. It's just instant. Instead
of PayPal taking like three weeks and a bunch of fees and stuff, it's just better. And that's the
kind of Web3 implementations we should be doing in Web3. Also, Galaxia, I really like what they're doing,
the way that they're allowing people to get upside,
co-own the blockchain so that they can get
potentially sort of endless amounts of aligned co-marketing
with the biggest creators in the world,
the names that they've been able to get.
I do think that's some hope for Web3 gaming.
And again, it just makes sense.
Like it isn't Dr. Disrespect trying to make a game,
even though he's never made a game before, or Shroud trying to to make a game even though he's never made a game before or shroud trying to make a game even though he's never made a game before
it's a person who made a thing and spent all the money and did all the stuff to make a genuinely
good product being like hey i'll just give you upside if you join me on this mission and you
like the game and you're gonna make content for it and i'm like that makes so much more sense
than telling somebody who's never made a game
that they're going to make a game with fucking $70 million.
Dub, the hand is up.
One thing to be excited about.
Fuck, dude, I want to do two so bad.
I think TCGs as a whole is excited beyond just Project O.
I think Parallel is going to finally have that good UI, UX,
feel streamable, plus it has the depth that it has,
and they're going to be shipping some more expansions in the year. So excited to see where that goes, but like gaming as a whole,
I'm just excited for, I mean, we were at the game awards kind of drooling over
all the different trailers and what's coming in 2026. So it's, if that whole market does better,
I think it's just going to be a better vibe throughout
because the fact that it was like a two for one this year
with gaming as a market being down
plus crypto being what crypto was.
So excited to see gaming have like a better year next year.
You and me both, brother.
Let's go to Jonah and then I'm going to Chuck.
Am I allowed to do more than one?
Like how many can i do
yeah you can yeah go ahead go ahead all right um prediction markets i think are just going to get
bigger i think there'll be some sort of regulation around them we'll see what that means uh but i do
think it's a real pmf for crypto like it's a better version of meme coins. It's what meme coins want to be but cannot be because of the way they're developed.
I do agree with Dub on TCGs, but mainly because of things like Courtyard or whatever OpenSea does.
I think there is a big demand for people who want to buy cards but don't necessarily want to have them in their house.
Just because they can take up a significant amount of space
and most people want to gamble them anyway so I see a real path for that. In terms of games I do
agree, Planet X and Project O. I don't know if anything else is up there other than maybe Super
Trip. I think Super Trip is really under underrepresented because it's an indie. And then, you know, I'm super biased,
but I really believe in content creator economy on chain,
and we're going to try and make that thing more real.
So, you know, I'll do my best to try and make that a big thing for next year.
Did me and Jonah just agree on something to be excited about
in Web3 Gaming in 2026?
My God, I don't even need
a new year's resolution a christmas wish it already came true chuck i'm going to you
yeah like like jonah obviously i'm super biased been beating the ai drum for a while but i'm
i'm extremely bullish on like ai enabled creation and just like what that's going to unlock for the next year I just
think this is the biggest paradigm shift we've seen in technology since really like the internet
or you know smartphones and I think it's going to completely change the landscape of a lot of stuff
and so I think it's if we're still even still feels like we're in like the dial-up internet
phase of AI and like how how much better it's gotten in just one year So I'm really excited to see what's coming for the next year with all these
AI enabled tools.
And I just think when you combine those with on-chain and AI enabled payments,
I think you're going to see stuff that just really wasn't possible and it's
going to really like take this whole space to the next level.
So I'm really excited for that.
Hell yeah.
Great answers from Chuck.
I've been listening to more and more people talk about AI
and the timelines keep getting stretched out,
which I find to be really interesting.
Even from all the people that were like,
we're going to have AGI by the end of 2026.
Obviously that one's not true.
The reason is pretty simple as someone,
and like Chuck is an actual developer,
it's all around this universal approximation theorem.
All of AI is based around this one theorem that was discovered like 30 years ago,
which basically says anything that exists in the world
can be solved by AI mathematically,
proven to be true,
but it doesn't tell you how long it takes and how much energy you'd actually need in reality to make it happen.
So, like, everything that NVIDIA says is true, but is it in 10 years or 100 years or in 1,000 years?
That's, like, the problem. We don't know.
We really don't know how much energy it's actually going to take to make these things happen even though we know it is proven through math to be
correct well there's also there's all this this like weird paradox with our understanding of how
technology grows which is we almost always overestimate the growth of technology in the
short term but then underestimates growth in the long term so it's like a weird paradox with ai where i do think it's a classic all like slowly then all at once like i think
it's gonna feel like not a lot's changing and then all of a sudden the entire world's changed
damn really interesting points from both you guys glad we double clicked on that i'm going to oliver
then hantau oliver what are you excited about in 2026 here with Crypto Brothers?
I think football.fun, and I'm not saying it just because I'm excited for football.fun.
I'm actually saying it because I think there is going to be a wave of products or creation
that is made based on the football.fun model. And that might even bleed into web two to
some degree, uh, because some of these sporting leagues and sports can only go so big before they
need to have another economy. And everyone's been saying that forever, but like, there's a reason
Mark Cuban sold a large majority
of the Mavericks. Like these valuations on these teams are getting astronomically high. And so I
do think there's this element of like openness that I'm kind of feeling or hearing and sensing
in some way to doing more stuff creatively. And I think football.fun will open kind of the doors to more people looking at
these opportunities and then inside of that i would say to jonah's point and i think of other
people on here i do think there's something with the creator economy and the layers there that are
that is just interesting to me and it will always be whether that's pump fun streaming whatever it
there's something there that's going to gravitate a lot of people towards.
there there's something there that's going to gravitate a lot of people towards
And then finally, I think it also has been said,
but the courtyard TCG,
whatever mixture of things in that RWA kind of category,
I think it's just going to explode and get a lot bigger.
So those are my, those are my three.
Good things, especially the, the sports one is super interesting i was shocked whenever mark cuban sold so much of the
mavericks uh but the valuations are truly truly insane like middling teams going for like six or
seven billion dollars in it's sorry i see you on mute go ahead no i was just gonna say like the tickets can only get
so expensive like the the there is a limit and i think fans and you know supporters and people
of these teams are feeling it and i i think it's only going to get worse like a you know
an english premier league soccer jersey at one point was like $60. They're like $130 or $140 now.
Dude, my fucking Inter-Miami jersey was $200 and I got it in New York.
They are going to have to find alternative revenue sources at some point in time
because there aren't enough fans to pay those prices.
And they're going to need to find it pretty quickly
to keep those valuations up.
That's just my own personal point of view.
And I think you're going to start to see, like I said,
football.fun is one of them, but Top Shot,
there's many different avenues you can go down this path.
Yeah, anyways, it seems very obvious to me that that's going to happen.
Yeah, not to go on too much of a tangent, but yeah, me and Oliver are both big sports fans,
and we talk about this occasionally.
But the other thing that I see is content is becoming so ubiquitous across all platforms.
And every single time the NBA gets bigger and bigger contracts, it's always through TV rights.
And at what point do those
start to get devalued as well? Because you're looking at content everywhere else. And is TikTok
going to pay you so much for NBA clips or however those are going to be structured in the future
that it makes up for it? I find it hard to believe that the 25th best player in the NBA should be
making 50, $60 million a year. It just it doesn't math long term to me
unless inflation does what inflation does, which it probably will. Hans, how over to you?
Yeah, so I've been seeing on my timeline that you'll be able to start trading NASDAQ 23 hours
a day in Q2. So really excited for stocks to be treated as meme coins very soon.
No sleep, gang.
Yeah, they're going to have every session, dude.
It's going to be worse than crypto.
My second one is Grand Arena.
Yeah, you know, been working on that for a while.
It's going to be launching in January.
in January. So $1 million prize pool. My third one is, I think the, like Chuck said, the way that
So $1 million prize pool.
we utilize AI and how we consume content will change significantly within the next year,
because we're only starting to kind of scratch the surface of what AI is doing.
And I think how people consume content,
how people kind of just get that content in the first place
will change significantly just because of how fast AI is evolving.
Great answers from Hans Howe.
Excited for that tournament to kick off for grand arena man best
of luck with that going to knock in the map yeah mine is uh prediction markets but not just
polymark and calci i think what you're going to see to happen and i think to some degree
a product like fdf is actually a good example of this but we're going to see prediction markets
move away from being the main interface for where people make predictions and become essentially a clearinghouse with a bunch of
vertical apps built on top, settling on things like Polymarket and Kalshi.
And I think you're going to see people get really creative about the ways that you can
make your predictions, the sort of information that surfaced to you.
We saw this, actually Jonah, credit, in one of his uh one of many million view instagram
reels uh showcased i think it was like a weather app jonah or something of that nature pentagon
pizza watch yes thank you i saw weather app as well but jonah showed the pentagon pizza watch
and in case you're unfamiliar with this there's this thing this phenomenon that goes on around
the pentagon in the united states where uh when places, it's like strip clubs and gay bars are full.
Essentially what it means is the U.S. is preparing for war and the people inside the Pentagon are looking to blow off steam before that sort of thing happens.
And he found a tool that tracks the information, basically tracks all of this information and allows you to make prediction market predictions on sort of world events that are happening based off of this Intel. I think you're going to see like dozens of these
types of products spin up over the course of the next year, and I think the way that people will
make predictions will come in many different shapes and forms, and I'm excited to see that
sort of play out. But my prediction for 2026 is most of the volume that ultimately settles on
Polymark Market and CalShe is actually coming from third-party
sites built on top of the APIs that they've provided.
Matthew, Stefanina, what are you looking forward to in 2026?
Man, if I hit generational wealth because I'm using Jonah's Pentagon Strip Club Pizza
app agent, I'm really going to fucking throw my bingo card down the drain,
but I'll take it, you know, however it comes, no judgment.
I'm excited for a few things.
I think crypto aside a little bit,
I think that short form content is finally hitting a bit of a saturation point,
not just because of AI,
but just because so many people are posting so many things
and the quality versus quantity battle
has kind of, it's swung too far into the quantity place.
And I feel like we're finally coming back
to a place of quality a little bit.
I've noticed it across socials on the across the
board. Also, I think short form is is still going to be absolutely huge, of course, but people are
coming back to long form. It feels like YouTube long form, even on Twitter. I'm seeing like longer
things doing a little bit better, which is really refreshing because I feel like we were just in a
little bit of a land grab for a while. On the crypto side, I'm really excited, honestly, for
the market to reset with the people that survived. I remember that one of the best times in crypto
was that kind of like 2023 when we just started to get a glimmer of things moving in the right
direction. And it was all of the people that had sort of been around and
weathered the storm. And I feel like sometime in 2026, that is going to happen. I feel like it's
been a really important cleanse. The past year, we're kind of seeing the same thing just in tech,
even in AI and robotics, like things got so overvalued. It's so insane. And there's a bit
of a cool off and all the bad actors leave. And the best time in crypto that I've ever had was 2020 and 2023, right before the next sort of wave with all the good people left around.
So I think we're going to have a really sick time at some point.
And we're going to DJ some fucking ragers.
Are you saying Bitcoin is going to go down more and there's still more to be cleansed?
There is a good possibility that there's one last good cleansing.
Yeah.
But you didn't hear from me.
All my money is in fucking silver at this point.
Thanks, mom.
Matt came back from his ayahuasca trip and now he speaks only in cleanses.
That's the rubric.
Yeah, that was just me shitting my brains out for seven days.
Slayer, I'm going to you.
What are you looking forward to in 2026?
Yeah, I think it's for me, it's similar to my.
It's, you know, when things are not going well
is when people have to get more crafty.
And I think the silver lining in all the shutdowns
and kind of the stuff we've been seeing in Web3Gaming
is that teams that are surviving
are ones that have been
doing something different from just chasing metas
and pivoting. They're the ones that didn't
try to all the time do a telegram
game and then be an AI and then
now add prediction markets to their game
and you're seeing that finally get reported.
So what I'm excited for is seeing
how the space
that we're in forces teams to get more
creative because we're seeing that the playbooks everyone followed before are not working. So now
you have to come up with a different playbook. And I think when you're forced to be more innovative
is when we move the industry forward because we're probably taking new shots at experimentation again.
I love that answer. Definitely the best part of the bear market is the fact that there is no
meta to chase and therefore you must actually be creative and have some form of conviction
which is not the case uh in the bullish times even something
believe in something it's been another great episode of simplified uh like i said we'll most
likely be converting to a video format whenever
we bring it back uh we'll see how the beginning of the year shakes up but super super super
appreciate all the listeners appreciate all these amazing panelists that have been supporting us not
just today but for many many episodes throughout the year one more giant shout out to our sponsors
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Big shout out to both of our sponsors and big shout out to you guys one more time.
We'll see you back here.
Not the same time, not the same place, but we will be on Gamified in about 48 hours
if you want to catch that.
That'll be the last Gamified of the year too,
which is always tough for me to say
because I love doing that show every Wednesday.
But can't wait for a holiday break.
I hope everybody has an amazing,
happy, happy, happy holiday.
Matt, anything else from you?
That's it.
Love you guys.
Don't look at your portfolio for the next two weeks.
Close your coin market cap. Just put that your portfolio for the next two weeks. Close your coin market cap.
Just put that thing away for a couple weeks.
I'm willing to let down my flag for the next two weeks
and say Web3 Gaming is inevitable.
But January, I will be back.
Clip it.
All my Christmas wishes coming true.
Clip it.
Best thing of 2025.
There you go.
It already clicked it. It's already on TikTok.
Don't forget, it's never too late to double down.
If you told Granny she should be buying Bitcoin at Thanksgiving,
tell her it's even cheaper this time.
And then next Thanksgiving, you'll have all sorts of flexing to do on the whole table.
You're going to love it this year.
Hit him with that.
Hit him with that.
It's even more likely to come true if you sit on Jonah's lap when you ask for it.
Wow.
There's a green candle and it's not on the stock market.
2,500 miles away, it's still working, man.
Just give her those Coinbase candles.
Jonah got a honey pack for his first night of Hanukkah oh here we are again all roads lead back to stripper jokes all right love
you guys happy holidays all right matt see you at cheetahs see you boys Bye, dude.
