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BIG NFT NEWS HEADLINES ☀️☕️ GM W3BTHR33 Morning Alpha Show Ep93
Recorded: Oct. 17, 2022 Duration: 2:02:54Space Recording
Full Transcription
It's been a little while since I've come to a Web3.
This is the source for all vibes and hypes.
I mean, it's been all of a couple of days.
I know, man.
It's rough.
And it felt like an eternity, honestly.
Days turned into weeks.
Wow.
Well, we missed you, too.
We missed all of you.
It is Monday morning.
I have had some pre-workout.
I am caffeinating.
We're going to get it going.
But welcome, everybody.
Happy to see you here, Fun Uncle.
How was your weekend?
Good, dude.
I'm still in Mexico right now.
You're in Mexico?
What?
I'm in Puerto Vallarta right now.
I had a wedding in Cabo.
And it's my birthday this week.
And so we zipped over to Puerto Vallarta.
And today is my sober day.
You know what I'm saying?
Like, I had a lot of days.
Say what?
Do you have any upgrades to the soundboard and any new hits?
Did we change out the intro song while I was gone?
It's just a happy birthday track now, right?
Despite popular demand, we have not.
Despite the majority vote, we're not doing it.
No, no, no.
It's iconic, right?
I like the same song.
Yeah.
Yeah.
Exactly.
It's traditional GM Web 3 music.
Theme music is what that is.
But hey, share out the room.
Let your homies know we're getting the week going, getting it started on the right foot.
Whatever other cliches come with that one.
But very happy to be here.
Happy to be alive.
Hey, Fun Uncle, I was doing LA Fashion Week this weekend.
That was fun.
Have you ever done New York Fashion Week?
Or LA Fashion Week?
Just Miami Fashion Week.
That is on the bucket list, my guy.
How was it?
It was cool.
Was there any NFT or Web 3 integration going on there?
I didn't see any.
No, I think they're lagging behind culture on that front.
There was one or two people from the NFT community that were there.
Not many, but literally, I went two nights.
I went Friday and Saturday.
And both nights I met, I saw like one person from NFTs there.
So, no, NFTs and Web 3 has not yet taken over Fashion Week or the fashion world.
But I know that it's at least, it's making inroads.
But it was cool.
Like, I've never been to fashion shows like that.
I've never done Fashion Week.
And so, it was good to just go check it out, see what it was about.
Obviously, a lot of pretentious people dressing, you know, in their most pretentious, you know, garb.
Outrageous clothes.
Yeah, I mean, and then leather trench coats.
Yeah, and fashion's just, like, fashion is weird.
It's just weird.
Like, most of the stuff is, you know, it's not functional at all.
It's just like form over function.
And the weirdest thing to me about it is that it felt like a parody of itself.
You know what I mean?
Like, it literally felt like a Zoolander fashion show.
Like, it's all just so, like, so much of it is just weird for the sake of being weird.
And it literally felt like some of the, like, even some of the designers that came out, like, they felt like characters, you know, out of Zoolander.
Like, do they actually like it or are they just doing it to be the next craziest thing?
Yeah, exactly.
It's like, it really felt like a parody of what you would do if you were making fun of high fashion.
And so that, to me, was the weirdest thing is that I didn't expect it to feel that much like a fucking joke of itself.
But it kind of did.
Did you see the Balenciaga show recently?
What they did in a mud pit?
It was a big mud pit and with water.
Oh, right.
Yeah.
Yeah.
Yeah.
Very derelict.
It's a trick of itself.
They're keeping the derelict going.
But, hey, Nifty Q's here.
And Jen.
And Quantum Variant.
And Claire.
And animated.
Yeah.
There it is.
There it is.
Yeah.
Yeah.
Yeah.
Yeah.
Yo, you sound like you're starting a pre-workout routine of your own.
What's going on?
I just took a line of pre-workout to the dome.
Oh, there you go.
Dude, you're snorting it?
That's the most hype.
I do not.
Listen, I don't do the pre-workout.
I think it's weird, honestly, but I'm glad we're talking about it now.
Okay.
It's coming.
You got to take it rectally.
You don't do it to the nose anymore.
It's all rectal.
Q just coming in here strong, yucking everybody's yum on a Monday morning.
I don't know.
Is that a sexual reference?
Hey, but actually, on a serious note, Q, you know Crypto Lander, our bud Crypto Lander?
He just launched his latest NFT project today.
And he is a family friend of Lad City.
He's got a big heart, super brilliant guy.
And I wanted to make sure at some point during the show today, we talk about his NFT project,
the OGC collection.
Am I allowed to pin that on the Jumbotron to share it out?
If you think he's good people and he's not a rug, then you could do it.
Oh, Lander's good people for sure.
All right.
Then, yes.
I'm posting it up at the top.
This is his latest NFT project.
Big heart.
He's also super smart.
He's called a lot of things, like months before they happened.
And he's part of the Cyberkong community.
I can't say enough good things about the guy, but his new project is up there at the top.
You just actually reminded me of something.
So, yeah.
Feel free to pin that.
We'll check it out.
Maybe we can talk about it a little bit more in here.
Speaking of calling things months ahead, those of you who are longtime listeners, longtime fans of GM Web 3,
we'll recall just maybe two or three months ago, not even that long, maybe two months ago, when Genuine Undead first minted.
We called that out, and I talked about it, and I told everybody that I got in on it.
And, yeah, over the weekend, it pumped to a one-eighth floor.
It's been absolutely ripping.
So, hopefully, and we've talked about it a couple times since then because I've been flipping some of them successfully.
It's been one of the projects over the last couple months through the bear market that I hit.
And, yeah, so Genuine Undead, we talked about even when it first minted in this very room.
I flagged it, and if you got in on it, congratulations because it has been absolutely ripping.
It's still – I mean, floor is still around 0.85 this morning.
But, yeah, it hit like one-eighth floor over the weekend.
So, I actually flipped another Genuine Undead yesterday for 0.9.
Feels good.
Feels good, bro.
Just slanging JPEGs in this market, man.
Love to see it.
Bro, I'm saying, man, like it's not at the same volume or level it was, but I'm still finding them.
There is still alpha out there.
There is still opportunities.
That's my question for you is what is the next Diamond in the Rough and or you got a Stoics update for us.
Stoics update?
Let's go see what the Stoics are doing.
I think the Stoics have been sitting around like 0.3, 0.4.
I mean, I just put in collection offers on Cool Cats and the bracelets by my BFF.
Those are a couple that I'm just – again, I'm just like watching those floors.
Those aren't new projects, obviously, but, you know, I think they're underrated.
Yeah, floor price on Stoics holding strong at 0.355 right now.
Doing well.
Doing well.
Looking good.
Yeah, I mean – oh, by the way, welcome to the stage.
We have Mo Runda, animated NFT cutie, coming up here.
How's everybody doing, Mo?
I will get you your co-host invite here shortly.
I'm doing really well.
I'm preparing for starting raising funds for my project.
So that's nerve-wracking but also exciting.
And you're not going to tell us anything about it.
Not yet.
I mean, once the project is 100% going to happen, yes, you know that I'm going to tell you.
Such a tease.
All right.
Well, that's cool.
Love to hear it.
Happy to have you here, GM.
Of course, we're all anxious.
We're all anxious to learn more.
Animated, please.
Go ahead.
GM Web 3.
Hello, friends.
I'm having a bit of an un-GM.
I woke up to some roof work at like 7 a.m. this morning.
It sounds like orcs are invading my damn house.
Oh, that's an MG.
Yeah, that's not a GM.
That's an MG right there.
That's an MG right there.
So anyway, you mentioned Genuine Undead.
And I wanted to come up and sadly air some grievances.
If you got in on the project, fantastic.
I was like scoping it out early on as a fellow undead myself.
And I hopped into one of the community rooms and I was like, hey, what's up, undead?
Like looking for a vibe.
And that's sadly not what I found.
It was basically got pushed to the side for a floor talk.
And I was just like, oof, maybe this room's not for me.
But hey, if you got in, love it.
I wish I had one myself.
But yeah, I was sadly disappointed with one of the community rooms I found early on.
But that was just me coming as an undead looking for fellow undead love.
I mean, hey, that's a fair way to go about it.
You know, I did not judge it by the community itself.
So I got in purely based on the volume and the artwork.
I actually thought like I'm not a big pixel art guy.
It's just not my favorite genre.
Not saying there's anything wrong with it.
But I just like I don't generally collect pixel art.
But for some reason, like the colors and like, you know, the way that they're done.
And they've got like the kind of the slight vignette on them.
I just thought that they were cooler than the average pixel art.
And then when I saw the volume coming in and the way that they sold out, I was like, yeah, it feels like a decent bet at this price.
And that was it.
That was it for me.
So you did you did more due diligence than I did actually going in and checking out and see what the community is about.
Sad to sad to hear that the community is shitty.
But, you know, that's no surprise.
It was one room early on.
But hey, I'm also not going to try and judge a book by its cover.
But I definitely would have would have got a couple had that been the case and it would have been a popping room.
So anyway.
Hell yeah.
Oh, it's Monday morning.
We're waking up here, ladies and degenerates.
Happy to see you all back here for another episode of GM Web 3, the greatest morning alpha show ever hecking created for obvious reasons.
But especially because of these amazing co-hosting contributors up here and all of you here in this room.
Very, very happy to see you.
Please share out the room.
Let your homies know that we're going to be in here having a great time talking about all the things.
There is a lot to talk about.
Everything from L.A. Fashion Week to to all the airdrops that went out last night to winners of giveaways last week.
If you won something, you should check your hidden folder.
And if you think that you are missed, please let me know.
Please hit me up and let me know if I happen to miss you.
Sometimes it does happen because we do a ton of giveaways.
But we always, of course, follow through on those.
And I was up late airdropping a bunch of people last night.
So, yeah, if you won something last week, you may have that in your wallet now.
So look for that.
And again, please reach out if you feel like you are missed for any reason.
And we will take care of you.
Andy James is trying to get up on stage.
I'm trying to let you up, Andy.
Let's see.
Let's see if this is working.
In the meantime, NFT cutie, what's what's going on?
Welcome to the stage.
Are you there?
GM, GM.
GM, GM.
GM, GM.
GM, GM.
GM, GM.
GM, GM.
GM, GM.
So I am just scrolling my Twitter looking for free mints and looking for something like Genuine Undead, a new project coming in.
Oh, yeah.
Well, let us know if you find anything really dope.
Nifty Q, how are you doing?
Dude, I'm doing good.
I do have to tell you that I'm going to buy two DBs today because we had a giveaway, a spontaneous giveaway that happened on Thursday.
And I know I pinged you about this situation on Speakeasy on Thursdays.
Yeah, let's talk about Speakeasy real quick.
Let's hit this.
Bro, the one thing I want to know, I think people found Kane Mayfield at this point.
There was actually, like, genuine concern on Thursday night when Kane Mayfield did not show up to a scheduled spaces.
The first episode that ever launched for Speakeasy on the Web3 network, Kane Mayfield did not show up to.
And we had 400 people in the room.
400?
I was juicing that room.
Somebody was juicing.
Wait, stop.
I'm guessing it wasn't you.
Oh, my God.
Dude, that's incredible.
Nice work, guys.
I thought there was, like, 200 or something.
There's 400?
Yeah, there was 400.
And unless Easy went overseas and got a bunch of, like, Asian followers now, it felt like, you know, you go down the list past, you know, 80, and there was some funky stuff going on.
So, Gif, if you juice our room, you just have to let me know beforehand.
I'm getting juicy over here.
But, Kane, so we did Speak Easy Thursday on Web3 for the first time.
And Kane basically hyped it up and then was MIA.
Totally, totally just not there.
Nobody could find him.
And there was hundreds of people in the room just to see him and Easy.
I felt so bad for the guy that was hosting.
He was like, so, uh...
Easy was 100%.
Easy had to tread water that entire time.
It ended up being two hours long.
I have no idea why.
But he was treading water the entire time.
I mean, props to him for keeping that going and anybody else that was participating in that weird situation right there.
But, so, he has been located.
We can confirm that Kane Mayfield is alive.
Unless someone bought his Twitter account and is posting tweets from that Twitter account, I think he's alive.
Which could be happening.
I mean, in this space, you can't put it past anybody.
There's a lot of...
What a sick deep con that would be.
What's up, man, Jim?
He's in a Twitter space right now.
I see him in a Twitter space actively on...
Alright, he's alive.
That's all we need to know.
Kane Mayfield is alive.
Ladies and D-Gens, do not worry.
He's alive.
I'm going to pin some other cool stuff here up at the top.
But, Andy James, what's going on?
How are you?
GM, GM, fam.
I am doing well.
I am just trying to pack quickly.
I forgot.
I was on a flight today.
So, packing up to head out to there on noon.
But I am here.
It's good to see everyone.
Fall has struck the Pacific Northwest.
Are you shaving or are you in a bathtub?
Oh, neither.
I was just taking clothes out of the laundry.
Oh, God.
Andy, didn't you just get it back?
Are you just a serial traveler?
It's an occupational hazard.
Like an actual occupational hazard.
I own a media agency.
And I also, via that, rep a bunch of very large creators.
And because of that, travel a lot to shoots in different places with them.
He's a world traveler.
He's cooler than us is what he's trying to say.
It's far less clever.
I got that vibe.
Yeah.
He's just flexing hard.
Flexing hard this morning.
I am like the one in question of not in the bathroom shaving or doing laundry.
Yeah, we're pinning some cool things up at the top.
You can see Andy James absolutely just going ham on the DBs pinned up at the top.
Maybe you can even convince him to do some giveaways this week.
I don't know.
That's up to y'all.
Give away a show per show.
All you got to do is be in the room.
Be dope.
Not suck.
One of the prerequisites is, yeah, just being lit.
Also, huge shout out to every single person in the super secret DBs chat that joined the
ride with me to do justice to DBs.
I think that, in all seriousness, I love you guys and made a tweet that was specifically
referring to all of you.
I would take the 30 of us against all of the NFT world happily any day, and y'all fucking
rule.
Hell yeah.
Let's heckin' go.
That's the caffeine that I need on a Monday morning.
Feeling inspired.
Love to hear it.
But yeah, man.
All right, so, hey, there you go.
Giveaways are happening this week for those who don't suck.
Dude, it's a strict criteria.
Like, you basically just can't do that.
It's scientific.
Yeah.
It's scientific.
It's going to be very, very clear-cut who the winners are.
And by that, I mean Andy James will just decide if you're cool enough, apparently.
And that's, you know what?
That's totally fine.
That's his prerogative and one way to do giveaways.
Maybe we should start doing that more often.
Just cool people winning cool shit.
NFT Cutie has their hand raised.
What's up?
Yeah.
So, there is a free mint happening today.
It's called MOTZ.
M-O-T-H-Z.
If you are on LAMP list, you can mint one.
Dope, dope.
All right.
Have you vetted this project at all?
Yeah.
I like the agent contract.
I'm bullied on it.
Okay.
The mods.
All right.
We'll check it out.
Thanks for sharing that one.
Y'all, GM Web 3.
We are here.
We're doing it.
We got a bunch of headlines to dig into.
A lot of stuff happening.
And we talked already about Speakeasy, all the craziness with that.
We hit L.A. Fashion Week briefly this weekend.
Yo, MetaMask is making moves.
Magic Eden is fucking up.
We'll talk about that.
Yeah.
There's a lot going on.
A lot to catch up on from the weekend.
And if you've got any cool headlines or things that y'all want to talk about, of course, you can always hit us up.
You know, send us a message, tag it, whatever you got.
Oh, yo, is the big blue button back?
Hold up.
Y'all, this is a good day.
This makes me happy.
You may or may not have heard me gripe many, many times about them getting rid of the big blue button.
I see a big blue button on my screen this morning.
That makes me very, very happy.
So smash the big, beautiful blue button.
Share out the room.
Let your homies know we are back again for another show.
And we're going to be digging into all the things.
So, without further ado, let's hecking get this party started.
Dude, I can't tell y'all how happy I am that the big blue button is back.
It actually literally makes me very, very happy.
What's with the thumbs down, Animated?
Why are you mad at the big blue button?
Okay, look, let me explain something.
If they could keep the functionality that we had with the speech bubble and the numbers,
because that was helpful, knowing how many comments are in there,
and then also having that thread attached to the main tweet.
Just make that blue.
That's cool.
That's all you got to do.
Agreed.
I feel like Animated is coming up here to play the role of the contrarian here,
which is good.
We need that.
Keep it spicy.
Keeping on your toes this morning.
Yeah, keep us on our toes.
Keep us on our toes.
I mean, I haven't seen Matt in a while, so it's kind of needed.
Yeah.
Good call.
All right.
So, you know what?
All right.
Before we dig, just dig into headlines and all that stuff.
Are there any other pieces of alpha, projects, big projects,
things that y'all are watching, anything you've been buying into or flipping?
Let's just hit it with anything that y'all have been interested in before we dig into the headlines.
If there's anything that y'all are interested in.
I already hit on Genuine Undead.
But, yeah, I don't know.
Are y'all even buying anything?
Y'all even looking at anything?
Dude, PFP, I'm rocking what I got.
And if it's not coming out of this room, I'm not getting it.
Uh, Floron, uh, Alien Friends has been picking up.
That's one that I got into a little while ago that I'm still watching.
Uh, let's see.
Is it really?
We, I think we both bought that around like 0.2.
I haven't looked in a minute, though.
I bought it around like 0.5 and then it dipped.
But now it's, it's, looks like over the last couple of days, it's been, it's been picking back up.
It's looking pretty good right now.
Um, so, I don't know.
I'm, I'm bullish on Alien Friends long term, I think.
Did anybody buy, uh, uh, Vinny Hagar back in the day?
Uh, I feel like, I feel like he's kind of a staple.
His entry right now is still expensive, but it's down quite a bit.
Who the heck is Vinny Hagar?
Ooh, he's a, he's a grapher from, from LA.
Rafity artist kind of person.
Yeah, okay.
Uh, if you aren't in on Deadfellas, the floor price is 0.88, which is pretty low.
Yo, facts.
Also, just like, you know, I'm, I'm obviously, uh, a consistent there, but, shit, and Betty
and Syke just continuously deliver cool shit over and over and over again.
Yeah, so this is the team.
And they don't hype it.
This is the team.
Yeah, they have a, they're doing a collab with Aoki right now, right?
Yeah, they, they're putting that out.
I feel like they're, they're about to do their Halloween, which I've never been to their events,
but it seems pretty clear they're like the unanimous front runner of doing that the best.
And they just keep doing it.
It's not like a one-off.
I don't know.
They just keep doing the thing.
Deadfellas, Steve Aoki, announced Halloween Dim Mock collection.
Uh, so Aoki returns to the NFT scene with a brand new collaboration, this time with Deadfellas,
the fashion-themed drop.
Okay, so Aoki, Deadfellas' fashion-themed drop is, in fact, a capsule collection involving Aoki's apparel brand, Dim Mock.
Uh, oh, it's an apparel brand now.
I thought it was a record label.
I guess it's both.
Uh, accordingly, there will be t-shirts to hoodies, skate decks, and even an ultra-rare jacket.
The physical items will become available at Deadzone LA.
The Deadfellas' long-awaited Halloween.
So it's gonna drop at their Halloween event, of course.
Um, hmm.
Looks pretty lit.
They got some, uh...
Their snowboard ski collection they did with Gilson was my number one favorite.
Uh, they also just did Wrangler jeans, which is pretty lit.
It's on the way.
Nice.
Uh, hey, do you happen to...
Andy James, since you are a Deadfellas guy,
do you happen to know if the tickets for that event are, like, on sale yet, or you can claim them, or what the deal is?
Yes, they are.
So last Thursday, they opened to any fellas, friends, or, like, S1 holders.
Basically, any of their work, original collection work.
Opened for pre-sale for them, and then on Saturday, they opened it up to, you know, nine of the collections that you own.
They opened it up to, like, 75 other collections.
So basically, I already fucking missed it, is what you're telling me.
I think there's still some available.
Fuck.
Alright.
Alright, I'm going to be looking into that, see if I can still get in on Deadzone, because I am in L.A., and that looks fun to me.
Animated, what's up?
I know today's not a Tezos room, but I'm going to flash back to one of the projects I mentioned in one of the Tezos rooms that you had.
It was Sutu Eats Flies.
That was the name of the creator.
And he had created the Neons collection.
I think you'd picked one up that day.
Did you, Gif?
Oh, I picked up a couple.
I think I got two or three.
Let me check my Kukai wallet over here.
Animated, where were you when we had the battle of the blockchains?
We had, like, a whole Tezos corner.
Yeah, where were you, bro?
I don't know.
I was in the audience laughing too hard.
But when, anyway, so what I was mentioning is I finally got into that project myself, which is funny that I repped it, and I said it was, like, one of the projects that actually onboarded me into Web3.
And anyway, so when I finally picked up my Neons, and I didn't just get the cheapest off the floor.
I had to find one that really spoke to me.
Had this kick-ass gas mask on it.
And when I posted about it, and I was, like, hey, you know, finally happy to join the Sutuverse or whatever, the creator himself reached out, and he was, like, hey, you got a good one with a gas mask.
That's going to help you out in the game.
And then he sent me a link to the game.
So he's already got a full Metaverse game built where your avatar is based off of your PFP, and you get attributes and items and stuff based off of that, which I haven't dove into yet.
But I was just, like, holy shit, that's really cool to know that now.
That is awesome.
And it's always cool to see founders who are that active and responsive in the community.
Yeah, I got two.
I got two Neons.
So far, the two that I have, the trait they share in common is the samurai hat, or I don't know what you call it.
It's sort of, like, it's like an Asian bucket hat.
What do you call those?
It's like Raiden.
It's actually a Vietnamese farmer's hat.
So in Vietnam, they use them when they're farming.
I'm not sure what the name is, but it is not actually from a video game.
Well, it is in video games.
It's not from an original.
I understand that.
I think most are trying to be respectful there.
Yeah, I mean, we're all trying to be respectful.
I'm just trying to find out what they're called.
But, yeah, that's the trait that I started collecting with the Neons.
I got two of them.
That's cool.
I did not know that a game.
But, yeah, so if you are getting into Tez, if you've been joining that journey, following along, and looking for Alpha over there,
the Neons are a really, really cool animated PFP collection that you can get on Object.
So, yeah, thanks for sharing that one.
Yeah, I'm going to be really bummed out.
I got the name for you.
Oh, yeah?
Let's go.
It's called Nongla.
What?
Say that again?
Nongla.
How do you spell that?
N-O-N space L-A.
Nongla.
Okay.
All right.
Cool.
Well, now I'd see.
Wearing something new every day.
Thank you, Morunda.
Hey, everybody.
Welcome to the show.
Happy to be here with you on a Monday.
We're getting into the news now.
Any – okay.
So, go ahead, Q.
ApeCoin sticking.
We're following that since the SEC story came out,
which actually turned out to be a larger kind of – I guess, what would you even –
what was the word?
Kind of like a survey of the space almost.
So, the story kind of came out that the SEC was targeting BAYC,
and I think it was just more of a broad, like, again,
survey of, like, different NFT projects, of which BoardApe was one of them.
But we were looking at staking, obviously, being live on October 31st,
potentially getting delayed.
Like, this now is delayed based on – or is potentially going to get delayed
based on a bug bounty program they want to work with, a smart contract.
So, the community is kind of, oh, my Jesus Christ.
Kane.
Kane.
What's up, Hanson?
Did you apologize to EZ?
What's up, dude?
What's going on?
I did apologize to EZ.
I said, hey, all right.
So, listen, I went – so, here's what happened.
First of all, good boy.
GM, son.
GM friends.
GM friends.
All right.
Because I'm putting good manners, you know, right up there with belliness next to godliness.
So, I had to finish my project.
So, you know, Reagan – I'm not a multitasker.
I'm not a multitask Tommy.
I do one thing well at a time.
So, and I do it until I die.
So, I was up for three and a half days finishing Reaganomics.
And I finished it finally at two in the afternoon on Thursday.
And then I had to do the thing and start chilling it and do all the stuff.
Because, you know, fake rare, you got to do all the Bitcoin work.
So, I'm doing all the Bitcoin work.
It's now 6 o'clock.
6, 6, 20.
And I'm beat.
I'm delirious.
My girl's here.
Take a couple shots of tequila.
I eat a Subway sandwich.
I'm not drunk.
I'm fine.
But I'm tired.
I say, listen to me.
I'm going to take me a little power nap.
I got between now and 9 o'clock.
Get me up at 830.
And I'll be in there.
And I set my two alarms.
And I go, okay, no problem.
So, I go lay down.
So, I wake up at 3 in the morning.
And the first –
How many missed calls?
Remember, 30, 40 something.
So, I'm counting, like, not just –
That's just phone calls.
I'm not counting, like, this score and all that.
I saw all that shit later.
So, the first thing I hear is,
this is how you know I love you.
Because anyone else, I'm just like,
eh, you know.
I said, fuck!
Son of a –
God damn it!
So, I go into the room with my pregnant girlfriend,
my woman's girlfriend,
and I say, hey, wake up.
And she's like, it's 3 in the morning.
What?
I said, why didn't you wake me up?
And she goes, oh, you look so peaceful.
I have a show.
And she's like, your show's not till Friday.
I do two shows.
She goes, oh, yeah, the get canceled one.
Well, are you canceled?
Probably.
So, I hit easy.
I said, hey, listen.
I said, between you and me,
how mad are you?
He's like, well, there's a lot of people in the space.
How many?
A couple hundred.
Fuck!
So, there's a couple hundred people.
Son of a bitch.
All right, so they're really mad.
He's like, well, we made a whole joke out of it.
I was like, yeah, they're professional.
They'll do that.
I'll see them.
I think it'll help if I sell my project out.
So, then I went crazy for the next couple days,
and I sold my project out.
So, because of my guilt-ridden-ness,
it actually turned into a positive for Reaganomis.
So, congratulations.
Let's go.
Yeah, thanks for being here
and recapping that epic situation.
Sounds like one of the greatest naps ever taken.
No, it was awful.
I didn't even feel rested.
You know, I woke up,
and all the pillows was on the floor.
I looked like somebody, like, sexually violated me in my sleep.
Because, no, no, wait.
The blankets were wrapped around my feet like I was a hostage.
But not my legs.
Just my feet.
Well, so, I mean, Q, are they canceled now or not?
We're going to give them one more chance.
We're going to give them one more episode to see what happens.
That's what that – it's not me.
All right.
This Thursday, we'll see if it actually happens.
I mean, hey, it was still a good time either way.
But, yeah, man.
Easy held it down.
Easy held it down in your absence.
I would call it treading water.
That's the term I was using.
It was treading water for an hour and a half.
I saw the milk carton.
I saw the milk cartons with my face on it.
Y'all didn't – yeah, y'all didn't record that space, I noticed.
Was that strategic?
Did you know ahead of time that they definitely would have been canceled?
No, that actually – that was a mistake that actually turned into, I think, a good thing.
I think we're –
A blessing.
Yeah, a blessing in disguise.
Yeah.
Right on.
Well, speakeasy this Thursday may be the last time ever that it happens.
It's going to happen because I'm going out guns blazing.
It's going to be very inappropriate.
Don't want to miss it.
Hey, if you don't know Kane, check him out.
Give him a follow.
So Reaganomics sold out though.
That's, I mean, huge.
Congrats, bro.
Well, let me augment the – so I closed three dispensers, which was all I – I mean, I only planned on doing one or maybe two, and I closed three.
So Bitcoin, there's no residuals, so you never want to sell – there's no, like, royalties.
You never want to sell all of your product because if it shoots up and it's worth $60,000, you don't have none of them.
So I sold my first 10, and I did it without Pepe Pawn Shop, which is kind of a big deal, you know, in that community.
So I sold my first 10, opened another one, sold those for 10 at a higher price, opened another one, sold five, and then I did a couple of OTC transactions for the same.
So all in all, just under 30, and there's only 81 of them.
So now it's moving to ETH.
We're building a website for it.
The physical merch is being made, and that stuff is – the guy who made the handprint shirt and my logo is doing that.
He's incredible, and there's going to be some really great stuff.
So that'll be in ETH sometime this week.
I just want to make sure I do a little bit of the legwork because normally I'm not so under the gun.
This was actually the hardest – and not to – I'm not trying to talk about it.
It's sold out.
You can't buy it right now.
But this is the hard – first of all, it's the best thing.
It's the best thing I've ever made.
No close margin, not maybe, not kind of.
Anyone who's ever collected my work, me, even people who don't collect my work, this is the best thing I've ever made.
And it was also the hardest thing I've ever made.
I've been trying to make this thing for over a year.
There's elements to Reaganomics that the original GAN I ran dates back to October 4, 2021.
And, you know, obviously I made it as good as I could with that, and I spiced it up with some extra paprika on it.
But it's a really good –
Extra paprika?
Yeah, well, you got to put the nutmeg, paprika.
You got to make it tasty.
Yeah.
Got to hit it with the spices.
Well, dude, congrats, man.
I'm happy.
And you mentioned, you know, no royalty fees as like a topic, which is a great segue into another big headline.
Y'all, if this – okay, I feel like the D-Gods situation is a fucking absolute scandal at this point because Magic Eden is going to optional royalties.
And I was like saying, yo, if they're fucking changing up, going to zero royalties.
That's collusion.
That's fucking collusion.
That's inside trading.
Like people should be absolutely –
That's called collusion.
Yeah.
They have laws for that.
Yeah, people should be absolutely fucking pissed off at this point at the whole D-Gods going to zero percent royalties and front running this shit because literally the marketplaces then are picking winners and sharing insider info with collections.
That's really fucked.
So anyway, what's the point?
The headline is NFT platform Magic Eden is going to a quote-unquote optional royalties model.
You know, they're like, oh, well, it's still full royalties by – you know, that's the setting by default.
And then, you know, where did they say this to?
Like the way that they position this in the article is like, oh, well, you know, it doesn't mean –
We feel so bad.
We feel like we had to.
Someone put a gun to our heads.
But they also say like, well, it does mean that, you know, there might be situations where sometimes a creator may not get their royalties.
It's like, no.
What this means is the majority of the time people aren't going to get paid fucking royalties because that's the way that that works is people – if you give them the option, the majority of people are not going to pay artists.
They're not going to pay extra.
They're going to pay as little as possible.
And to your point also, they – in the tweet – all right.
So this is – this is from Magic Eden's Twitter.
This is not a decision we take lightly.
We understand this move has serious implications for the ecosystem.
We also hope it is not a permanent decision.
Today, royalties are not enforceable on chain.
We welcome and hope to see new standards that protect royalties.
It's like, yo, you're the marketplace setting these standards and you can actually help protect them on your marketplace.
Like, so the fact that they're saying we welcome new standards and people protecting royalties while they are undoing those royalty protections on their marketplace to me is just fucking hypocritical as shit.
Not to mention, like, who and how are we conflating the royalty conversation with the market fucking metrics of it being a bear market?
Like, it's not a bear market because we're paying artists.
Like, there isn't this, like, mountain of anti-support for people that are like, fuck the artist.
I don't want to pay that.
It's like –
No, there's just flippers.
There's just flippers.
It's just shocking.
Yeah.
What's up, Kane?
I think that this is a state taxes.
I think that's what this conversation is.
It's a state taxes.
Who's really going to get clipped?
See, because most people are poor.
And I'm not saying most people because, you know, most people are Chinese.
But most people are poor, i.e., most people don't have an estate to tax.
Most of the money that we're talking about, arguing over, doesn't really affect, you know, 85%, 95% of Americans.
These estate taxes don't really matter.
It's just a small percentage of the population that also has a really loud voice because they have tons of money.
Most NFTs don't sell.
That's a fact.
Now, we don't like to say that out loud because, you know, something, something, FOMO, blah, blah, blah, we're all going to make it.
And we're going to pour a bunch of pancake syrup in each other's mouth and rub dickheads together.
For truth to be told.
Whoa.
Most people.
Sounds like you don't believe we're all going to make it, Kane.
I'll be fine because I have a huge personality and I rap better than most people most of you have ever met.
And apparently I'm getting pretty good at making art and I can host and I can do other stuff.
And if it all goes to shit, I'll just sell timeshare.
However, most people, their NFTs don't fucking work.
But what if I like the syrup in my mouth?
Well, I mean, it's fine, but just keep your trousers on.
Most people do not get anything even close to substantive in the way of royalties.
Now, here's the other thing about royalties.
And again, I'll give you a full disclosure.
I was onboarded by Bitcoin people.
Like, that's who onboarded me.
Counterparty OGs.
Namely, Skrilla and his friends.
And that's who I originally learned from.
You know, just another, just a full disclosure moment.
Counterparty don't have royalties.
So, most of the people you see, your Robnesses, your X copies, your, you know, those guys don't really believe in that if you actually ask them directly.
Look what Robness has been saying about it.
He's not a FUD Rucker.
He's giving his honest opinion because he knows.
Because if Gifted has a $100,000 NFT that I bought from him for $2,000, and now it's worth $100,000.
And Nifty Hugh says, hey, man, you know, he got a 10% royalty on there.
That's $10,000.
I'll cop it from you from $95,000 if you just P2P it.
I've essentially cut him out of his royalty.
And that happens all the time.
So, there's that way.
Then there's all the other ways that I can duck a royalty.
Then there's the fact that most people aren't standing to lose.
Now, I'll tell you who's complaining loud about this.
The people who pump these bullshit projects.
Especially those free mint motherfuckers.
Because, see, they have a really different opinion of the populace than I do.
See, I believe that you guys are smart.
I believe the intellectual paywall is still currently too high in the space for stupid people.
I've said it before.
I'll say it again.
There really aren't stupid people here.
Now, some of us are idiots.
I'm one of them.
Huge idiots.
Ridiculous idiots.
We do idiotic shit.
We buy dickle butts.
We're idiots.
We're dum-dums.
But no one's stupid.
But they think we're stupid.
Because they think all they have to do is wave a celebrity in front of you.
Promise you a bunch of fake shit.
Maybe a metaverse.
A video game.
You know, whatever.
Something stupid just to make you stop making noises with your face.
And you'll dump crypto because you're a dum-dum.
But you're not a dum-dum, are you?
But see, when you are a dum-dum, you know, you'll go for other things too.
Like, hey, don't worry about buying.
It's a free mint.
Well, that's a free mint.
There's nothing more than their way of saying, we haven't really figured out how to make you dump crypto fast enough.
So why don't you just take it so we can say we're sold out?
So they can get those trades going.
So the only way they can build crypto from massive amounts of people is through these bullshit royalties.
Now, I don't think royalties are bad.
I like royalties.
I was onboarded with, you know, from Not Them, the other people I met, Eve people and other Kez people.
The promise of royalty sounds great.
I love the thought of it.
It makes me happy.
It feels good.
I got a kid on the way.
So, like, the concept of my kid can have this thing and it's always coming.
That feels real good in my spirit.
But realistically, we don't know where all this stuff is going.
And when you start thinking about some of the ways we want mass adoption, some of the people in this space who are actively inviting the government and big corporations and legislators and regulators in, I don't know if we're acting like we want royalties.
I think it's a nice thought, but what do we do every day to protect things like that?
But when a platform says, hey, we're going to just make it optional.
No, don't you take my fucking royalties.
Well, come on, man.
What royalties?
And it's that American League thing.
Yeah.
And I mean, look, I take your point that, like, right now there are multiple ways to get around it.
And that's that's what Magic Eden is using to justify the move is they're saying, hey, we don't want to compete with all these other options that are cheaper.
We want to basically what's the what's the term when you like everybody's basically fighting to undercut each other to zero.
It's like, you know, speed racing to zero is basically what they're doing.
Yeah.
There's a slogan called cutting grass or something like that.
Yeah.
But but I think to me, like it always gets back to values because we're trying to create new paradigms and make this a viable viable place for artists to to build and thrive and create generational wealth.
And so, you know, like I get what you're saying.
You made a lot of good points about the fact that there is a lot of bullshit and there's there's a lot of crap around it.
But also there are legit artists who who are really looking at this as a potential way to, you know, create digital assets that can pay out in the future.
And and that doesn't like again, you are right, Kane, that like the vast majority of people and artists are like the royalties that they're probably going to receive even over an extended period of time may not amount to that much.
But it's more about having the opportunity and the possibility and the hope that you can succeed, because the longer that you're doing it, the the higher chance, you know, you have of actually making those royalties and then they can be super meaningful.
So I don't know. To me, it's it's about creating new paradigms.
And whenever we just say, well, fuck it, capitalism wins.
Like I, I don't tend to feel like that's the the best way to set, you know, like a new value system in Web3.
No, I 100 percent agree with you in that respect.
But what I will say, just as I keep it very brief, the reason why, especially in the South, poor people vote for rich people that have nothing in common with them is because the dream that sold to them since inception and for the last at least 75 years in this country is that, well, yeah, but one day you can be that guy.
And, you know, as a child of the 80s, we're all going to be rock stars and millionaires and we've all wet dreamed about all the stuff we're going to tell women when they don't want to get naked on our yacht, but just didn't work out that way, did it?
And a lot of us are working jobs and we feel like we deserve better.
And Web3 comes along and promises to instantly deliver us to that place that we've always felt we needed to be.
So we don't want to possibly curtail any future revenue streams by doing things that may hinder that.
Now, I'm not saying cutting royalties is a good thing and it helps anybody.
What I will say is that for at least a very brief part of the interim, it would starve the fucking tapeworm.
And the tapeworm is ravenous.
And PFP culture has a lot of negative things that come with it.
I don't think one of one artists are indicative of PFP culture.
I don't think the music NFT side should be indicative of PFP culture.
Glitch artists, people who make digital wearables, people who make land, people who do all the vast multitude of jobs that exist within this umbrella of Web3.
But we're living and dying by things that only affect PFP culture.
And I think that we're bigger than PFP culture.
And personally, I think they can sort it out.
Do I need to fight for that?
And if you really want that type of royalty or whatever, you can build it into your smart contract and you don't need a platform.
Sovereignty means you don't need daddy to do it for you.
You don't need a platform to enforce your thing.
You can truly do it yourself.
And that's a good point, too, Bray.
Because ultimately, a lot of the onus is going to be on artists to figure it out.
Unfortunately, you know, these platforms do wield a lot of influence and especially in terms of setting like expectations and standards within the market.
And that's what concerns me about is that, like, you know, most artists are still trying to learn and figure out the basics, you know, and they don't understand the nitty gritty of it.
And then when you create certain expectations within the market and within buyers that, like, it's totally cool and normal to just optionally remove the royalties and that becomes the expectation.
And again, like, to me, that's not the standard that I got into it for.
But I get it.
And I appreciate you being here to give that perspective.
But I want to get Andy James' response.
And then we got a new friend coming up here.
And then we'll get to Mel.
But Andy, thanks for your patience, man.
Cain, I feel like you brought, like, a ton of huge value and a lot of great perspective there.
And I agree with 99% of it.
I think it actually more so after you said the tapeworm comment because I agree with that.
I think there's the ability to starve the tapeworm that is driving a lot of the fraudulent behavior, right?
But I also think that ignoring the reality that a genuine artist, a person that is going to spend their career being an artist of any medium, right, whether that is photography, poetry, screenwriting, scriptwriting, acting, rapping, I don't care.
But when you make your first job and your royalty check is $17, it doesn't fucking mean anything.
And it's that whole thing where, like, we all were going to be rock stars and millionaires.
And then when you make your 400th job and it's $3,800, which is still not a lot, but you now have 38 different jobs that have all paid you a varying degree of royalty and continue to do so.
And then you have a big job that pays you a lot of fucking money.
All the other things get watched, get listened to, get read, get bought, get seen, get heard.
And you make money over a long period of time.
I totally fucking agree with the tapeworm.
And I agree with the contract.
I'm a fucking maxi of if you're going to use the technology and preach the technology and sell on the technology, use the fucking technology.
Build the marketplace into the contract.
There's a couple groups of people in the space that are already doing this better than fucking anybody.
Right?
Funks being one of them.
H-Wonder being one of them.
Middlemarch being one of them.
There are people that are pioneering this idea.
But the idea that platforms, because they want to fix a problem that they can fix in a multitude of ways, have decided to say that an actor that stars in a movie that sells it on this platform is not going to get their royalty.
Even if it's $1 today, I don't like arguments that say today in the short term, this doesn't make sense and I'm going to kill this other thing by doing this.
That is going to impact a photographer, a writer, a poet, everything, a rapper, from having 500 different things that build a career.
Because I have been building a career for 15 years and still am not rich.
But the royalties that I make and residuals that I make on the last consistent 15 years of work are starting to add up to money.
They weren't before.
They weren't on the first job, the second job, the third job.
Literally not until the 150th job.
But that shit mattered.
That shit fucking pays the bills now.
And means that I can build.
That's what building is.
Everybody in this fucking place is like, I'm building.
It's like, fucking you're not.
Talk to me 10 years from now and then say you're building.
Because that's what building is.
I just think that we need to, as Giff said, at least pause and say that the platform decision to rebuke an ideology,
especially when right before we had this conversation, we're talking about D-Gods and fucking whoever the fuck,
basically in collusion to make decisions about how they're going to front run their project with zero royalties and get out in front.
We're in a place right now where the level of regulation and behavior from the marketplaces is so fucking bad.
I think we're just seeing the pain point come out as royalties because of the multitude of other fucking problems we're seeing in the quote-unquote marketplaces.
My sentiment, build your marketplace into your contract.
Build it into the NFT.
Build it into the token.
It's fucking possible.
Just do that.
But that takes a lot of fucking money.
And didn't Dave Chappelle just get his royalties back, just get his name back after 25 years from fucking goddamn terrible people?
Taylor Swift is doing this right now.
Ariana Grande is doing this right now.
Every person that signed into music is doing this right now where they didn't have the money early to make the best decision.
You want to talk about socioeconomic problems of getting rich in the arts?
You don't have the money to defend your fucking name in the beginning.
And then no matter how big you get, you spend the rest of your career trying to buy it back, earn it back, steal it back.
I just would like to see us not have to do that again with a new technology that doesn't have to have that happen.
Yeah.
And I think the part that I take away at the end there to summarize it all is that what I see the marketplace is doing is, you know,
they are moving in the direction of taking the side of competition, technology, flipping, volume, capitalism over artists, right?
So it's like whatever it is, they're trying to compete.
They're saying, hey, this is what we have to do to compete.
And it seems like the trend right now is everybody going in that direction where it's like basically the artists' best interests are last to be considered.
And, you know, the reason that I got into the whole space was about empowering artists in the first place.
And so obviously it's a complicated scenario, but I wish that more of these platforms would hedge on the side of like what's good for artists first.
And I just don't see that happening, unfortunately.
The exchanges more than anyone are going to be the last to do that, right?
Like this move is one of them reeks of desperation trying to, you know, compete, obviously.
And that's part of it, like competition with these, all of these exchanges, the race to zero you were talking about is going to happen because there will be another exchange that tries to undercut whatever they're doing.
And then the users might block there.
I'm not necessarily saying that's going to happen, but I do think the exchange is like a Coinbase selling your information so that they can have another revenue stream.
These are all things that exchanges more than anyone are going to do.
So I don't think we should expect them to do that.
I don't.
But at this point, clearly it's already, it's, it's just, you know, I don't know.
It just makes me sad.
Well, you've had your hand up for a minute.
Yeah.
Let's go Mo and then we'll go Chris.
I was going to say something else, but I had a good idea and I'm keeping it for myself.
So, um, and then, uh, the other thing I was going to say, I just put it back up.
I was going to say, um, we, as a community, we sit and we talk about the problems, but I think the, the hive mind kind of, uh, mentality.
I feel like we can solve this problem if we actually sit in a room together and brainstorm how we can fix it for sure.
We could put it in smart contracts.
Um, but there are other ways.
And I truly believe that if we work together, I'm not trying to be fluffy.
I'm serious.
I, I really do believe if we work together, we can figure out ways around this.
Love it.
Not, yeah, not being fluffy.
Uh, Chris, welcome to the stage.
What, what's up, man?
Yeah.
I was having a GM until we started talking about this and it just all went downhill.
Um, yes, sorry.
Let's, yeah, well, you know what, let's, let's make this the last comment, uh, on, on royalties.
Cause we, we do talk this to death and it is kind of like a, it's kind of an annoying topic at this point.
Um, but so you'll be the last comment and then we'll, we'll keep it moving to some other headlines so we can keep the GM alive.
I appreciate that.
Um, I don't necessarily think you should be looking at there.
So we should be looking at this, um, specific to the space.
Um, you know, I look at it in terms of like a, an actual supply chain and you can't successfully be part of a supply chain.
If you're directly responsible for making the, the producer, um, of the wares that you're selling, not see as many benefits in production.
And I'm sure there's foresight here from a marketplace standpoint that we're not talking about.
Um, and if this isn't remedied or, or built into a contract, which seems like the,
the best possible solution.
So what will the producer do that they're likely to increase the primary sale price in hopes of capturing some of that lost revenue from lack of residuals.
And what does that do?
That increases the income of any market, um, marketplace, taking a cut of primary sales.
And that's only one potential cause and effect here.
Um, but it's something I'd recommend we collectively keep an eye on.
I love that, man.
And I, I also, I just pinned up, uh, at the top just so that we can close this down, but still have some resources, uh, post from H wonder, one of the dopest devs in the space, a dude that is building innovative shit every day, posting it open source every day and showing people how it's done.
Um, he's always a resource that I'd look to.
So I vouch for the work he does.
Love it.
Uh, all right.
Art Snitch is here.
All right.
Last comment.
If this is a royalties comment, this is the last comment on royalties.
It's not, it's not, I'm moving on.
Okay, cool.
What's, what's up?
Uh, no, I was going to say, and I, and I missed a little bit of the earlier part of the show, even though I was here, I got a phone call, but did we talk about the, uh, Oni Force, uh, news over the weekend?
No, I, which news?
I must've missed it.
Yeah.
So apparently, uh, they, uh, came out that there are four suitors to buy it, uh, four people pitched it and they're evaluating and Saturday morning they were supposed to vote on it.
And then I guess one of the suitors came out big time late Friday night with some more information.
So they pushed it back by two weeks.
But if you noticed, Oni Force pumped a lot over, uh, Friday, Thursday, Friday, Saturday, and it settled down a little bit, but it's still kind of double what it was a week ago.
And supposedly, um, and I have some insight, the, the founders are going to be out.
It's going to be sold in the next, uh, I mean, they're going to at least, you know, come to an agreement and then however long it takes to transfer paperwork.
And deal with lawyers and stuff like that.
But it's going to be, uh, new owners, someone, uh, supposedly pretty big here in the next couple of weeks.
Sheesh.
I mean, you know what?
First of all, thanks for sharing that as a piece of alpha.
But also, this is a great reminder.
Uh, this, this, this makes it a lot.
Yeah, it's about double.
I'm looking at the floor right now.
Floor on Oni is back up to about 0.5, just below 0.5 ETH.
So about doubled in the last couple of days to your point.
So pinned up at the top, ladies and DJs, uh, you may not know this.
We are rolling out this new network, Web3.
This is a big announcement for us that we just dropped last week.
And as part of that, we are doing a massive OniForce giveaway.
So that's like, uh, you know what?
It just doubled its value in the last couple of days.
Uh, we're, we're giving away an OniForce prize package.
Cause we're absolutely out of our minds.
Um, and we love to do crazy cool shit.
So if you haven't checked that out, might be a good time to check it out since that ends
this week.
Uh, I believe the winner is announced Friday, Thursday or Friday, uh, of this week.
Um, so again, check out up at the top, uh, like Artish said, this, this, uh, prize package
may actually be going up in value.
Um, if there is some news incoming about, uh, an acquisition, uh, which it sounds like is
imminent.
Uh, so, Hey, that's pretty cool that, that we're doing that.
Um, hope you get in on it.
Hope, uh, hope you win.
Good luck to everybody.
Uh, but yes, we are doing a big OniForce giveaway pin up at the top and, uh, can't wait to see
who wins it.
Kane's crying over here.
Why, why are you sad about that Kane?
Why is that bad news?
No, I know.
I know.
It's like the eat your vegetable hours where Doc may feel.
I hate it, man.
I hate being in this guy.
It's, you know, I'll just preface by saying I expect to lose.
Don't ever think I think I'm going to win.
I'm 100% going to get creamed, but you know, are we talking about the OniForce giveaway or
yeah?
No, no.
I'm talking, I'm talking about, I'm talking about OniForce and shit like it.
Not that that shit, it's just when these things sell out and I get it.
Number go up.
I understand.
I'm not, I was a stockbroker.
I'm greedier than most of you outside of the space, but in the space, I try my best to
keep it clean.
And when known oranges sells themselves to eBay, you know, it's a good payday for them.
Yay.
Now eBay owns a marketplace.
When a project sells out to Pepsi or Arizona iced tea or Visa or whoever, suits now get to
dictate who.
And I get it.
Number go up.
You pump your bag, buy a jet ski, make yourself happy.
However, when that becomes the pinnacle benchmark of success, now selling out becomes the option.
I watch this space get closer to hip hop every day.
And y'all are going to get hip hopped.
And I'm personally going to enjoy watching liberal white people get hip hopped just as the nigga from the 90s.
But I'm just telling you, it's already started.
When you look in people, when you see like Burger King and McDonald's and the Burger King's and GM friends and McDonald's and wag me, you cringe a little, don't you?
You should.
Because ew.
Yuck.
And they're using your culture to sell sandwiches.
Totally cringe.
Should disgust you.
What do you think they're going to do with Oni for us?
I can jump in.
Because again, I work closely with them.
But it's not a Pepsi.
It's not a something like that.
It's a little more connected to the Web3 space.
I can't speak to all the names.
I know a couple.
But there definitely is a plan to remain.
I mean, it could grow it.
But it's not a big company acquisition that's going to, at least as far as I know as of today.
But it's definitely, they're trying to keep it real.
They want to, even though they've screwed their community in a lot of ways, they want to leave it in hands that are going to take it someplace real.
So I don't think it's a Pepsi.
I'm pretty positive it's not a Pepsi, a Burger King, or even half of that.
But I know what you're saying, Cain.
I mean, it's definitely going to happen in a lot of ways.
But this particular case, I don't think the founders, I think the founders are just being forced out.
And they should leave and someone's going to come in and hopefully, you know, do something with it.
I'm not fighting this one particular thing.
It's not about OnlyForce.
It's about what becomes a pinnacle benchmark of success.
And I'm cognizant of it because I'm a down-the-road person.
This is where I live.
And I hope to live here for a long time.
This is where I'm trying to build a little castle for me to live in.
And unfortunately, when I look at the weather and I see it changing, it scares me a little bit.
I fight this fight on the music NFT side.
So that's the only reason I bring it up, which is just like a, be careful what idols we choose to make our sacrifices to.
It's the tech thing.
It's like what happened to the tech industry.
You don't build companies anymore to be a successful, viable product.
If you build it to sell, like the entire purpose is to spend billions of dollars and thousands of people's time to just sell a thing that is not market viable.
It just has the appearance of being market viable.
It's just a toxic cycle of not actually participating and doing something for the right reasons.
I guess if I'm being hopeful about it, since we're all being very down on this Monday morning, I guess most people here had a bad weekend.
But if I'm going to be optimistic about it, I do think that, you know, they created a solid foundation for storytelling and like IP.
And so I'm hoping that, you know, because that was a big part of their promise.
I'm hoping that whoever comes in is actually looking to develop the IP and tell more of the story.
They are.
To this day, one of my favorite art projects, like all the time.
Oh, well, yeah.
I mean, Brian Lee is one of my favorite artists in the entire space.
I still think it's one of the dopest PFPs as far as the art goes that's out there.
I've been trying to cop one of his action figures for a fucking year, and I can't.
Hell yeah.
He sells out faster than NFTs did like a year ago.
Hell yeah.
All right, y'all.
GM Web 3.
Happy again to have you all here.
Hey, Kane Mayfield's here.
That's pretty crazy.
We got a bunch of amazing fans.
It is.
It is crazy.
It is kind of crazy.
He's going to go to his own show.
We'll cover this one.
He can't even go to his own show, but he's here with us.
Absolutely wild.
But, y'all, share out the room if you haven't already.
We're going to be going for a little bit longer.
We got more headlines to cover.
This is, of course, GM Web 3, the greatest morning alpha show ever hecking created for
obvious reasons, but primarily because Kane Mayfield is alive this morning, ladies and
DJs, and that is great news because, you know what, it was really touch and go there
for a minute.
There was a time there when we had no idea what was going on.
If you didn't know, we do this show four days a week, Monday through Thursday, starting
at 8 a.m. Pacific, 11 a.m. Eastern Standard over there on the weird side of the country.
And now, we just started this last week, but now we go straight out of this show on Twitter
Spaces into YouTube to recap it for you.
That's right.
We go on the NFT Live four days a week directly after this show to cover off any of the headlines,
any of the alpha, any of the cool updates, recap it for you, distill it, discuss any
of the awesome findings and conversations that we had in this room.
So, you can also see that pinned up at the top, the link for NFT Live directly after this.
If you want to keep the conversation going and, you know, where we're going to recap all
these headlines for you, that is the spot.
Subscribe to the YouTube.
If you haven't, you will not regret it.
That is where we're doing all the long-form content.
That is where the value is.
Make sure to subscribe to, yeah, to our Web3 YouTube because that is, again, that is at
the center of this new network that we are building.
All right.
We said all the things.
We did all the things.
We got some more headlines to cover off on.
A big one that I want to get in the mix here is about MetaMask now accepting bank to crypto
transfers via something called Sardine.
But what's the point here?
What's so important about this is that you now no longer have to go through multiple
steps to get to onboard into the NFT space.
At least this is what I see as like what's so big about this is that now, you know, like
I whenever I was onboarding people, for me, one of the easiest ways to do it was like,
well, you have to set up a Coinbase and then set up a MetaMask.
And then you, you know, you buy your crypto through the crypto marketplace on Coinbase and
you transfer it to your MetaMask.
And then at that point, you know, you're basically able to start buying NFTs.
It cuts it cuts that whole process basically in half.
It makes it a lot faster, a lot more seamless.
Now people can just use a MetaMask wallet and buy up to 30 different cryptos directly using
their bank account, their fiat, whatever.
And it's an instant transfer, which means that, again, that onboarding process of getting
more people into the space can be much, much smoother, much faster.
So I don't know that that's what I see is like one of the biggest wins about this is
just, again, making it more simple to get people into the NFT space and for creators
and projects.
I think that that's that's pretty bullish and exciting.
But yeah, any other thoughts about about this?
And if not, hey, we'll keep it going to other headlines.
Maybe not.
All right.
Nobody cares.
The MetaMask is making it easier for people to buy NFTs.
I didn't have a positive comment, so I didn't make it.
Do you have negative comments?
I just think that I mean, I blame I blame Kane, but I've never talked to Kane and I dig his
vibe.
So I just I feel like one of the things that's a little dangerous is the prohibitive measures
to get into the space or one of the things that as he started his whole speech was like,
I don't think anybody here is stupid.
Some of us are dumb, dumb sometimes, myself included.
But like, I think it terrifies me getting people in here that are less tech savvy because
like a bunch of us aren't tech savvy.
And like we got we got crazy problems.
Like if we just got 100K people in here, like the SEC and the Fed would shut this shit down
so fast.
But we have to we have to we have to expand the space, you know, somehow right now.
I was positive to say, listen, I told you.
Yeah, well, I mean, that's fair.
It's like there's always you know, there's always going to be risk.
There's massive risk and massive reward in the space.
And yeah, obviously bringing on a bunch of new people, you know, a lot of them are going
to get scammed like straight up.
Like, yeah, it's like you got to walk that plank to be part of the club.
That's part of the learning process.
That's the rite of passage is getting scammed.
Yeah.
No, in this space is going to keep evolving.
We're going to evolve with it.
Oh, shit.
Hello.
Yeah.
Yeah.
So this newly added feature via starting allows MetaMask users to transfer their fiat for
cryptocurrencies with a max limit.
Oh, yeah, I can hear you, bro.
We can hear you, Q.
I guess it's kind of like a massive delay.
You okay, bud?
We'll jump out.
Jump back in.
Yeah.
Jump.
All right.
But yeah, so this allows MetaMask users to trade their fiat for crypto with a maximum limit
of $3,000 per day.
They can also spend up to $5,000 per week or $25,000 per month.
All right.
So anyway, those are some of the details.
This is, I think, a big headline, again, in terms of improving the user experience, making
it more seamless.
It doesn't sound like people are that bullish on it, though, which is interesting.
I don't know.
I thought there would be a more positive sentiment around this, but maybe not.
I have a question.
Can you hit the Are You Not Entertained button?
Yeah, go ahead, Mo.
Can you buy with MetaMask or OpenSea?
Can you buy yet with fiat or like US dollar?
On OpenSea directly?
Yeah.
I think you can.
I think you can buy it.
Like, doesn't it give you an option now when you go to buy to use crypto or?
Isn't it through MoonPay, I think, when you do the fiat?
Maybe.
Yeah.
You're down there.
You're back.
Q's back.
Did I get fully rugged there?
Can you hear me?
Well, you're here.
You're here now.
Anyways.
Yeah, the space keeps moving, man.
That's the only thing I was trying to add to that last piece.
It's like, yeah, there's going to be a continuously larger amount of people that get into where
we're at right now.
But we're either going to evolve with the space as it continues forward and move down
a further rabbit hole.
You know, in my opinion, it's just a further and further rabbit hole that the mass majority
will never keep up to you if you want in this space.
You know, like they won't because the space will move from crypto ICOs to NFTs to whatever
the next thing is, and they'll never catch up unless you stagnate.
And that's, you know, completely fine.
I'm sure the mass majority of people know what most Bitcoin maxis know these days.
But it's not something that I feel like we're ever going to get to if you continue down,
you know, finding the next rabbit hole, which is usually where the most alpha is anyways.
Hell yeah.
Well said.
Any other thoughts on that one?
Oh yeah, go ahead.
Yeah.
Isn't MoonPay the company that was like sending bored apes to famous people so that they could
fucking was?
Yeah.
Hashtag ad, baby.
Gotta love the fucking, what was my buzzword in the morning?
Fucking collusion, baby.
Sorry, I'm on one.
There's that, there's that.
Yeah.
Any of y'all see Gary V's VCon non-announcement?
It like got so much attention and they didn't even actually share any.
The thing where he was talking to himself in a room?
Yeah.
And then there was actually, there was no information provided.
Sounds a little bit like Gary.
Yeah.
Anyway, it's a cool video though.
And it's fun to see again, they're bringing the characters to life in different ways.
It is, again, he's going to do a Nickelodeon show or a Disney show.
100%.
It is.
It is very much.
Like there's no doubt about it.
It is very, like, I don't know.
I do see like very Walt Disney vibes again.
I'll keep saying it.
I think Gary V is the closest thing to a Walt Disney of Web 3.
You know what, my first thought was when you said Gary V was going to do a show, I pictured
like Pee Wee Herman for some reason.
I mean, yeah, I can see that.
That was, you know what, for all the stuff that, you know, happened around Pee Wee Herman,
you know, jerking off in movie theaters, that was a beloved show.
That was like actually a really, really popular beloved show.
Damn, what is that?
You mean the Pee Wee Herman house?
What was it called?
Yeah, playhouse, Pee Wee's Playhouse or whatever it was.
Oh my God, that was like so funny.
I used to watch that, but I have to, I stepped in when you said, well, good morning, people.
This is Princess Samurai.
Yeah.
I woke up to this again, you know.
Um, so I came up because the Gary V thing, I laughed so hard, like that was hilarious.
And the funny part, I had to comment, guys, I had to, I'm an animal lover.
I had to comment.
I said that bee that was flying around, that sounded like a fly.
So they used the wrong sound, you know, it was a fly flying around, but it was actually
a bee, a Gary, Gary V B. Um, but yeah, that was hilarious.
Um, and I agree.
I pinned it, I pinned it at the top for anybody who hasn't checked it out.
If you want to see it, it's, it is very much a non-announcement.
There's really not any info about the upcoming VCon, but you know, again, it's cool to see
them bringing the characters to life in different ways.
I have a question, Gifted, about Gary V. Does this guy really go around collecting
stuffed animals and stuff like, I thought that was hilarious.
Like I saw him garage sales and yeah, he's, he's well known for that.
Like that's kind of been a big part of his brand over the last couple of years.
This like, like hitting up garage sales and like flipping things, all different kinds
of things.
Um, I think he's always been interested in that, which is part of why NFTs were like a
big, like why he got in NFTs in the first place.
But anyway, we don't need to make this all about Gary V.
Um, here's another headline.
World of women announces the wow awards.
So women focused blue chip NFT collection world of women has announced the launch of
the wow awards.
The latest update comes on the heels of its announcement of the wow gala earlier this
month as wow's biggest event of the year.
The gala aims to celebrate its members.
Uh, the upcoming wow awards is one of the primary aspects of the gala.
Uh, so, all right, it looks like they're giving awards for a mat.
These are the categories, I guess.
This is what it looks like.
Imaginative art, innovative use of IP impact in web three education, web three for good
sustainability, web three for good, social justice, digital fashion and design, creative
storytelling and community building.
Uh, which, you know what, those are all pretty legit categories, I would say for, for NFT and
web three based, uh, awards.
Um, so yeah, I don't know.
I think, I think it's interesting.
I think it's cool.
This is, uh, apparently going to be happening December 1st during art basil in Miami, uh,
the, the world of women gala.
So if anybody's going to, uh, to art basil, I'm curious if you are planning on going to the
world of women gala, uh, Mo, what do you say?
I shit you not.
I have awards in my, my, uh, roadmap.
So now I'm really angry and it's almost exactly the same.
Damn it.
It's almost exactly the same as that really everything I just read.
That's what you've gotten your roadmap.
Not, not to the, not fashion, but a lot of the other stuff.
Yeah.
Um, the awards.
Yeah, I did.
Yeah.
Damn it.
Hell yeah.
Uh, well, Mo, it will be good because it'll be different.
It'll be yours, Morunda.
I mean, you're my gal.
Like I'll, I'll, I'll, I'll support everybody.
But if you do an award, like I'd go with yours, you know, cause I know you.
Yeah.
World of women has on your mysterious project that you haven't yet launched.
That's for sure.
Um, at least as far as we're concerned, but you know, we have been talking about world
of women.
I kind of called them out last week as something to be watching.
Um, the galaxies were really well priced.
That's a four that I've been, uh, trying to snipe on.
Um, so anyway, it seems like world of women continues to grow, continues to build.
Uh, I am pretty bullish on it in general.
It's, it's one of the only, you know, quote unquote, blue chip women led projects that
exist right now in the space.
Um, and actually to the point of, you know, we're talking about Gary Vee, Gary Vee is a
big backer.
Um, so I don't know any other thoughts on that or world of women before we kind of keep
things going.
Who's behind it again?
Who's behind it again?
World of women.
Who's the artist?
Uh, there's a woman artist.
Um, I'll, I'll figure it out, but we have Owen Rogers joining us.
What's up, Owen?
Yeah.
Um, I was just going to say that the awards sound interesting and, uh,
they, they killed it during NFT NYC.
And I know that they had, I attended the, um, the fashion event that they had, like a three
day thing that they had in, uh, Decentraland.
Um, so I definitely see what they're trying to do.
Um, I respect the infrastructure that they have, uh, the platform as how they're using
But I mean, it's like, um, you guys have already touched on.
And I think that they've been very strategic about how they position themselves and what
they are trying to accomplish.
And none of it comes as a surprise, but yeah, I wish them the best.
Heck yeah.
Yeah.
The artist's name is Yam Karkai, uh, pretty well-known artist behind world of women.
Um, and yeah, thanks for sharing that perspective.
Uh, and, uh, yeah, I, I was at LA fashion week this weekend, man.
So maybe we should, uh, we should debrief on that and compare notes, um, on how, and
if, uh, how NYC fashion week was, um, since you're hitting up all those events, but y'all
I got, I got, uh, uh, Oh, go ahead.
What's up on?
No, I said, I'm with it.
I got some dope content.
Hell yeah.
Hell yeah.
Uh, Shirley Lowe's here.
We have like a running joke now.
We're always like curious what Shirley Lowe's up to.
Happy to see you, Shirley.
Natalie Cruz here.
Cake Nygaard.
Yo, so many amazing friends.
Jordy Moore is in the castle.
One of the OG, one of the OG, OG friends in the castle.
Oh, he's, he's down there.
He's here.
He's not rexing.
He's not rocking his hex gang though.
So I don't know.
That might be a fake.
That might be a fake Jordy Moore.
Uh, you can't tell if that's a legit ape because he doesn't have his, his hex, uh,
hexagon on his PFP.
Um, but yeah, shout out to all the homies here hanging out with us on a Monday morning,
starting the week off right with some, uh, headlines and news.
We will of course, again, be keeping this show going over on YouTube at NFT live directly
out of the show.
This is the new format.
Uh, we'd like to recap everything for you over there.
Uh, make it, uh, yeah, make it even more valuable.
Uh, make sure that we get all of these awesome headlines and any insights or alpha, uh, you
know, uh, rehashed into a nice, sexy bundle.
Um, y'all follow all of our amazing co-hosts and contributors up here without them.
This show would not happen.
So, uh, so yeah, if you aren't following Mo Runda, Nifty Q, Kane Mayfield, Andy James,
uh, Owen Rogers, Snapsid, Amiko, NFT cutie, art snitch, all these homies hanging out with
Give them a follow.
They deserve it because again, the show could not happen without our amazing panels of co-hosts
and contributors.
Um, all right, let's, let's, uh, let's keep it going.
Let's see what other, uh, headlines are worth mentioning, uh, mentioning here.
Uh, what else we got?
We talked about dead fellas, Steve Aoki.
Oh, here's an interesting one.
Um, uh, is moved to earn dead step in may have just one active user.
Uh, I don't know.
I don't know.
This is interesting.
We had, um, actually Q, we were talking about the Decentraland data, uh, from who was it that
did that report?
It was an NFT go.
No, it was DAP radar.
DAP radar.
Yeah.
So the DAP radar, y'all may hear this.
I think this is worth rehashing briefly.
Uh, so last week, uh, there was a study that DAP radar put out and in that study, their
data set, basically called out Decentraland as having only about like 35 active daily users,
which is really low.
It's, it's not good, uh, for a platform as established as them that has as much promotion
that's been around as long as them that is, that is valued at over a billion dollars.
To only have, to have under 50 DAUs is, is very bad.
And so we discussed that.
And then, uh, you know, they Decentraland basically responded with some more recent data actually
showing, you know, here's what our, uh, engagement really is on our side.
Here's the amount of users.
Here's all the different things that they're doing.
Um, and essentially DAP radar failed to define what a daily active user is and how strict their,
their definitions are.
So what's the point?
The point is that data can be cherry picked.
Data can be manipulated to look a lot of different ways, but on its face, it's not always what
you think it is.
And Decentraland is not as dead as we may have initially assumed off of that report.
Yeah.
The one thing I will kind of side against Decentraland on is like, they pretty much said,
Oh, you know, like we have people that are in Decentraland that aren't interacting with
a smart contract, right?
They're just like hanging around and, you know, just attending events and things like
that, which is cool.
But there's not real, if you don't have people like interacting with any smart contracts or
whatever interface you have on Decentraland, you don't really have that valuable of a user
base.
Yeah.
One of my favorite, one of my favorite headlines ever to get as an investor in a company is
don't worry, it's not dead.
Yeah.
Well, and so actually it's funny, right?
Because apparently this, this story about Steppen only allegedly having one active user also
is a response to the DapRadar report.
So while DapRadar reported that Steppen has one daily active user, dude, is DapRadar just
like the ultimate hater in the space?
Like they're just like calling out everybody like y'all ain't shit.
You got no users.
I don't know.
I think it's hilarious.
DapRadar is putting people on fucking blast.
So while DapRadar reported that Steppen has one daily active user, others reported slightly
different, but still low results.
Dune Analytics revealed that the daily active users of the Move to Earn app have dropped
from 105,000 on June 26th to 6,000 in September and 11,000 in October.
So, I mean, that's quite a drop, right?
That's, that's 90% plus, 90 to 95% drop, which, you know, also that, that's what most
of the market has looked like during the bear market.
But yeah, from its end, the Move to Earn company claims DapRadar's user data is incorrect.
An official Steppen spokesperson reached out to NFT evening saying,
We deny the rumor that Steppen has been laying off staff due to the bear market.
These are baseless claims that are factually inaccurate.
We pride ourselves in being transparent with our community, and we are choosing to address
these rumors head on to avoid any further speculation on falsehoods.
The reality is that Steppen...
We laid these people off because they weren't good at their job, not because the market was bad.
Yeah, let's, let's keep it a buck.
They sucked.
No, the reality is that Steppen has parted ways with volunteer mods who have not been active
in the last few weeks and months.
Regarding our staff, Steppen is actively hiring for several different roles within the company.
We at Steppen are disappointed that we even have to address baseless rumors,
but we'll continue to do what we do best.
All right, so, yeah, that, that's, that's what's going on.
Steppen is not doing as hot as they were, and apparently, at least some people like DapRider,
some analytics platforms think they have very, very low active users right now.
Anything with to earn after it is going to have like a severely volatile, like, life system.
Yep, facts.
I think Snapsit has his hand first.
Let's go Snapsit and then Kane.
Or Kane, if Snap's not there.
All right, let's go Kane.
Oh, wait.
But you can go first, Kane.
Go ahead.
All right, what's up, Kane?
What a wasted opportunity.
You know, times like this is why I appreciate, what you call, crypto voxels,
for at least allowing whoever runs their Twitter to shitpost and just have fun and be crazy.
Because if you, if you actually have to address that, and you, it's right there on the T.
All you got to do is swing the bat.
We fired people for sexual impropriety and petty theft.
Get your facts right, DapRider.
That would have been classy, and it would have made everyone happy.
But you didn't because you wanted to corporate it up, which in this world makes me think you're fucking lying.
I think you fired people because you're cheap and because they were asking for more money.
And you said, well, you're not even modern right.
And they say, well, what does that even mean?
They go, we don't know.
But we don't want to give you money anymore.
So you fired them.
And Coinbase fired people.
And I really feel bad for the people who came to this space searching for that wonderful Web3 existence and then said, don't worry, mom.
I'm taking a job with Coinbase.
Coinbase and got clipped because they got suited.
There's so many wonderful ways we can spin all this.
But also, just to go back to the Decentraland thing, Decentraland is a pick.
It's a big, crazy platform.
We talked about it on Speakeasy, you know, with the things that BB told us, but that's a great clip.
You got to replay that.
But you can't use it on your phone.
And they lose.
And the only thing I'll say, any of these metaverses, their valuations are because they did land PFP about 12 months ago.
About 12, 13 months ago, it was land crazy.
And everyone promised a metaverse.
But no one's doing that anymore.
Because really, it's a video game with no board.
It's a video game with no levels and no objective.
It's Grand Theft Auto if all you did was drive the car and never shoot anybody or kill a hooker.
So, if you've ever been in Decentraland without going to a party, that is.
Just walking around browsing.
No one's fucking there.
It's ghost town.
And if you're like me, which you probably aren't because I'm crazy, but your attention span is super short.
So, you find yourself just poking around randomly and then you leave with a really unfulfilled feeling.
Cryptovoxels isn't super duper different that way.
But Cryptovoxels, at least you can do from your phone.
And I think the one thing Decentraland has, like, omitted is that, hey, man, most of these people are on their phone.
Like, most of us right now are holding a phone.
I can't do your thing on my phone, so I'm willing to bet dollars to donuts your active daily users, while it may not be eight or whatever crazy shit Dap Radar said, it really ain't a number you want to say.
You know, it's like, her bra size isn't an A.
My wife's a, her kids are way bigger than that.
But I'm not going to tell you, this is none of your business.
Nah, man, if it's a big number, you're proud of it.
And you're not proud of it, and you don't want to say, because this shit is terrible, because your silly thing is ridiculous, and I heard you have segregated water fountains.
Anyway, I just wanted to say that.
Oh, my God.
All right, can you come in and how?
Some more, some more big points.
Another one.
Snapsed, what's going on?
No, you accused me of being a downer, and you know what?
Shame on you for that.
I was bringing some clarity and trying to be a pillar, an obelisk of the community, and sometimes dick-shaped political statue of the community.
It ain't fun.
But I was telling the truth, goddammit, and it made me feel like I was Freddie Frowns, and I'm not.
You do tell him, Cain.
Yes.
Yeah.
You see what he painted me?
And then his man was like, yeah, I wasn't feeling good, and now I feel bad because of Cain Mayfield.
Hey, man, I sell magical foot powder on Thursdays on this program, and I think that sometimes I'm obligated to stop being funny and tell the truth.
And the truth is, you know, we're kind of fucked.
But, you know, like, we see it.
It's just like a roller coaster that's going to crash.
Until it does, this is all part of the ride.
Fuck yes.
Well said.
Very, very positive.
A positive note there.
I think Snapsed is next.
Y'all, we have Natalie Crew joining us, so I want to get to her.
But Snapsed has a hand raised, so we'll go Snaps, Natalie Crew, and then Nifty Q.
GM, GM, I got some news for you.
I announced last week on your Speakeasy, Web3 Speakeasy, that I'm dropping my first project on November 5th.
And I've been, yeah, it was going to be like a simple project where I was going to just drop some stuff on the community.
And now it's turned into much more than that and has become super exciting for me.
And I'm collaborating with a bunch of different artists, writers, poets, artists, animators.
Yeah.
So I'm excited.
And if you want to, like, check it out, I've got a pinned tweet on my profile.
And still ironing out the details, writing a Medium article that I was going to drop soon.
But it's, again, turned into, yeah, as I keep thinking about this, it keeps developing and turned into more than I ever expected.
So, and also, yeah, if you are an artist and you would like to collab, hit me up.
I am complete.
Heck yeah.
I appreciate you keeping it brief.
Obviously, as a friend of the show, we are interested in anything you're doing.
So thank you for sharing that.
And, yeah, hit me up in the back channel.
Let's learn more.
And if it makes sense to, like, do a special guest or feature or something around the drop, maybe we can do that.
But I'm excited for you.
And thank you for bringing back the I am complete.
Yeah, I am complete.
That was nice.
That was a throwback right there, for sure.
Speaking of throwbacks to the clubhouse, homies, and all the things that was going on then, we got Natalie Crew up here with us.
GM Natalie, what is going on?
I don't do mornings.
I'm just here because I fuck with y'all.
We'll take it.
Take your GM and, yeah.
Shout out to everybody.
I see Carl, what's up, pizza face?
Not fungible on the homies in here.
What I wanted to say, it's a piggyback.
No, I'm just kidding.
Are you about to shill Snapson's project for him?
Nah, but go fuck with that shit.
What I wanted to say, what Kane said, and I told folks in Water and Music today, because they're always talking about the damn metaverse, but not really, because then they post, like, Roblox things and shit.
Is that you can have all the technology and the money in the fucking world, but technology plus money and some of these suits does not equal culture.
And so when you go into somewhere like CryptoVoxels and you go to, like, a BJ Pepe Skrilla 60 anniversary party like they had next week, you can sit up there and look at the chat and interact with other folks in that space.
People are coming to dress up or you go to the WIP meetup on Thursdays, which has been happening for, it's the longest running meetup in the metaverse.
And you go there and you understand, like, what actually is happening there.
That's not something you could replicate.
And so you have to, like, Decentraland, which, by the way, stole our festival name.
That's a, I'll get into that in a second, I'll be brief, is that we, like, almost two years ago, damn, erected the Metaverse Music Festival.
And we invited mad artists and creators and people to, like, host talks and panels and attempted to decentralize the music festival as much as we could.
And it was a hell of a learning kind of curve because the technology wasn't there.
But what we did have, collectively, hundreds of people is culture because we live and exist in the metaverse as much as we do in IRL.
Well, some of y'all, some of y'all sit on your nasty couch all day, but that's, you know, I feel attacked.
So you have people bringing culture and building this kind of ecosystem and infrastructure.
And people keep trying to replicate what they see, but they don't have, they don't understand because they actually don't even hang out with us at all.
And so I just urge people to understand that if you want to build culture, you got to get in to the deep crevices of the space.
And Mark Fuckerberg and Meta and all these weird-ass people are not going to bring that shit.
People call themselves the godmother of the fucking metaverse and all this other shit, but ain't ever been to, like, one of our parties in your life.
It's not happening. So I just say all that to say that we have to hunker down.
I know some of y'all be getting checks from some of these motherfuckers and live your best fucking life.
But at the end of the day, if we want to continue to exist here, we got to hunker down and understand that the stakes is high.
And the shit going down in the metaverse fucking standards form and all this weird shit, there's some really weird shit that people will be talking about.
And it scares me. And some of y'all scare me, too.
Um, so, uh, I just wanted to say those things.
And, uh, a light shill, November 17th to 18th, Metaverse Music Festival.
The shit that Decentraland is posting is not us.
Um, they literally stole our name.
The logo looks damn near the fucking same.
We fucking burnt the shit out of them last year.
Brought thousands of motherfuckers into the metaverse.
Onboarded hella fucking people.
Did not have any fucking money.
None of the shit.
And so, just, just an FYI, when you see them tweet about the Metaverse Music Festival, that they burnt our shit.
And we're going to have a nice little conversation, hopefully, this week with them.
Uh, well, I'm not going to be nice, but.
And so, I just want to say those things.
And shout out to everybody, to, uh, the homies, gifted, moe diggity, moe doubt, and the rest of y'all.
Uh, so, thank you.
I love you!
Oh, yeah.
Coming in with some heat.
Uh, yeah, cool to see you here, Natalie.
We, we don't, we don't usually, we don't usually get, uh, we, yeah, we don't usually get to see you here, uh, first thing in the morning.
Cause I don't do mornings.
Kane knows how grumpy I am in the fucking morning.
I am, like, literally evil.
So, I don't want to subject all to that part of Natalie.
I try to, you know, keep my, uh, ridiculous image up.
Oh, hell no!
Nah, we love it.
We love it.
Uh, alright.
Q's been very, very patient with his hand raised.
What's up, Q?
I'll wait for Natalie.
I'll wait for Natalie Crue anytime.
I appreciate y'all putting on the Metaverse Music Fest.
Like, that, she, everything she said there was true.
Like, the culture of the Metaverse is 100% in crypto.
Oh, okay.
Gifted, go ahead.
You've been raising your hand for a little time.
No, cause, cause we're, we're kind of responding a little bit to what Natalie shared.
And so, I did have one thought.
It sounds like what, like, part of what Natalie's saying is that, you know, uh, these, these
analytics, uh, platforms and these reports don't, they don't account for, uh, intangibles
like culture.
And so, it sounds like Natalie thinks that there's a lot of value in Decentraland, uh,
that isn't being accounted for.
No, she, I think she was talking about Voxels.
Which Voxels?
Oh, that was Voxels.
Yeah.
Well, we were across Metaverse.
I'm just saying that there, and I'll, sorry to cut in.
I just wanted to, like, clarify.
Um, there are a lot of people, like, grabbing, like, analytics.
And to be very frank, if it's not MetaCat, who are a bunch of, like, mostly Chinese cats,
um, they did our analytics.
I didn't ask them to do that shit.
They did that shit, um, last year.
And they do them for, like, random events.
Like, they're literally, like, in these spaces.
They understand, like, what to grab and, like, what not to.
You have these weird-ass fucking companies that popped up overnight grabbing analytics.
Like, what are those, what are those actually, those metrics?
And what are they actually measuring?
Like, does that shit actually matter?
Or, I know people like Sugar Club and, um, some other folks, like, Rocky Unicorns that
are in Decentraland doing shows all the damn time.
Like, are they grabbing analytics from there?
Like, where are they actually?
And fuck Decentraland, the company, the DAOs, those are the homies.
But, like, fuck the company.
I'm just gonna keep it funky at all times.
And so, um, so I'm curious as to where the analytics are being grabbed from.
Like, yeah, it's kind of funky, though.
Because some of my folks, like, with Meetup, they literally do much more than that.
Um, I know other folks that are pulling thousands of folks.
Like, you can see those analytics on Vosso's, like, homepage.
And so, like, where are these coming from?
Like, what is it?
Who's actually benefiting from these?
And, like, where are these analytics?
Like, what is actually influencing, um, policy in terms of, like, these analytics?
And, like, what's to come down with these things that are popping up in the conversations I'm seeing with these weird-ass people that don't stay here?
So that's it.
Sorry.
Well, there's not, to that point, there's not a lot of clarity behind these analytics platforms.
And, uh, like, are they truly independent third parties?
Uh, or are they also influenced by some kind of, um, corporate agenda or some kind of, uh, business agenda?
Because, you know, we had some issues with the, the, uh, NFT Go biannual report and the way that that, that that was handled.
But, um, I think it's all just relevant and, uh, good points just in terms of, yeah, like, uh, we, we should all be vetting any of these reports ourselves, too, and, and taking them all with a grain of salt.
Anyway, all right, Q, back to you, man.
No, no, y'all, y'all are providing value to this conversation.
I appreciate it.
But, uh, no, I feel like even the best analytics to the amount of hype that the metaverse got over the last year, the amount of money that was raised, the valuations, to your point, the central line over a billion.
And they've been around for a long time.
And I actually have a lot of bone to pick with them as well.
And the amount of stuff that they have done as a platform in the past five years hasn't necessarily, in my opinion, been up to snuff.
But I, the, it's just wild to me how big the metaverse conversation got in comparison, like Natalie was saying, to the amount of people that actually have been in voxels, that actually have been in the central line.
And even if you took the best stats, that, to me, that ratio is still absolutely wild.
Like, metaverse became the it thing to say.
And you could probably say how many unique individuals have been in voxels in the central end, in the entire world.
I, I, I don't know if that number is over 100k.
And so it's just a wild conversation to me to, to see how big the metaverse has gotten to actual adoption when we think about that stuff.
Maybe it has a lot to do with gaming.
I, you know, people often, like, when we talk metaverse, we talk about the ownable metaverse, whereas most people see, like, what Zuck is doing as the metaverse, where we don't really fuck with that, obviously.
So there's a lot of intangibles, but it's a cool discussion.
And I do think the data is all over the place right now, for sure.
Yeah.
I mean, I like to think of it in terms of, like, small M metaverses or all these virtual worlds that people call metaverses.
And then there's the big M metaverse, which is, like, all of our digital identities and our digital lives coalescing into, you know, this larger space, whatever, this place, this digital world that we're all coexisting in, spending more of our time and energy into.
But anyway, Owen Rogers, I think you had your hand raised first, unless we want to do ladies first.
We can do that, too.
Yeah, I'm all for giving way to Miranda.
Yeah.
Hey, look at that.
What a guy.
Thanks, Owen.
I just have a quick comment on what NiftyQ said.
Do you think that people made the discussion of metaverses more prominent because that's the only application they saw for us to collaborate outside of NFT technology or including NFT technology?
Do you think, I don't know if I'm saying this right, I need more coffee.
But do you think that that's the only way, like, Ready Player One, they see NFT technology being used?
I think a lot of the companies saw it as a slapstick, like, term that they could put onto whatever they were building to raise funds.
And therefore, it kind of, like, had this big flywheel effect, right?
It was like blockchain in 2017, 18.
Like, oh, this thing is blockchain, so we're going to do all these things.
Oh, yeah.
It turns out that there's not a lot of users.
So the thing that we were building is actually bullshit, even though we had this huge promise of being a blockchain, you know, quote unquote, whatever that meant to them at the time.
Hell yeah.
Does that answer your question, Mo?
Yeah.
I mean, yeah, sort of.
I agree with you.
I think that's basically what it is.
I think Owen was next, so.
Yeah, let's go.
Let's go, Owen.
And we'll keep it going.
I just had another thing that I wanted to bring up, so if there's anybody that had something to talk on this topic, then.
No, let's go for it, bro.
I was just wondering what your thoughts were about DevCon and BlueDao.
I think there's a couple of very interesting things as far as financial transparency, toxicity, and then, like, individuals in this space that I think we all have opinions and thoughts on that I'd love to hear.
So I'm not really familiar with this.
I just searched.
So I found BlueDao, ETH Bogota, plus DevCon has a tweet from October 15th that says,
The Blue community and Web3 community as a whole, we wanted to share a personal statement from our founders addressing recent allegations against BlueDao.
So I'm guessing this is what you're referring to?
Yeah.
From what I was able to surmise, I wasn't there.
I know a couple of people that were there.
But basically, this guy was at one of the activations at DevCon, and it was a camera thing, and there were a bunch of women that were taking pictures.
And they both have different opinions on what happened in that, but essentially, the women felt like he was mocking them or kind of berating them.
And he felt like he was, you know, just talking to the photographer.
But then the women called security on the man, and then the man was then escorted to several different places, and he was attacked online.
People kind of targeted him.
He then was taken off the line at a different party.
He was kicked out of a different party, and he says that he suffered a bunch of emotional trauma.
The females or the women had their side of the story, which was more that he was being uncomfortable, and then they went through the appropriate channels to bring it to light.
And both sides have since, I think, gotten a lot of public attention and scrutiny and, you know, been vilified by a variety of different people.
But they, as a result of this, also what's happened is that the females or the women that were part of the initial picture were all part of Blue DAO.
And people have then spoken up against Blue DAO, and they've kind of gone, done more of a deep dive and spoken up more on some of the improprieties that they've seen as far as how that DAO operates and some of the things that have been shady up at the top.
So it's kind of like three or four different things that kind of happened.
Yeah, so I don't know enough about it.
This is obviously a new thing that's coming to my attention, and it's obviously very complicated.
So I am reticent to be making a bunch of claims about it.
It does look like there is a statement on the Blue DAO Twitter that goes to a personal statement.
It does look like, to your point, there's multiple facets to what's going on,
and part of it has to do with the Harmony Protocol committing $1 million to the DAO, which they only fulfilled on $75K.
Obviously, we know Harmony Protocol is probably not going to be fulfilling on the rest of it.
So I'm guessing that the money complications are adding to a lot of the speculation and whatever's happening on Twitter.
But it does seem like there's a harassment claim that's being investigated.
So, yeah, I don't know enough about it to make a comment myself on it right now.
But, yeah, does anybody have any information or thoughts on it?
Again, I don't want us to speculate on an ongoing investigation or something like that.
But, I mean, it's good to know about.
So, yeah, I don't know.
So, Owen, did you have any specific thoughts on it, or you just wanted to bring it up and see if anybody knew about it?
I mean, my thoughts on it were, I think that it's an interesting point now where I don't know the guy specifically,
but I think his name is, like, he has some name, but then his, like, Twitter name after that is, like,
the guy with the brown packback.
And apparently he has, like, some sort of following.
So, I think it's also interesting to see what it is when you have individuals that kind of have created a meaning for themselves in the space,
and then they start to get scrutiny from the space as well.
So, I think as far as, like, the evolution of influencers and personal brands in the space,
how that's evolving, I thought it was interesting.
But beyond that, I just think it's something that is interesting for all the reasons,
both because of how individuals are evolving in the space,
and then also there's a whole transparency of money aspect to it.
Yeah, it definitely brings up a lot of questions about how DAOs are governed in general, right?
Because, you know, the concept of decentralized management or ownership is obviously a very interesting one,
but it can create a lot of different risks, you know, potential risks, mismanagement,
opportunities for people to take advantage or, you know, behave poorly.
And then, you know, should that reflect on a DAO if somebody who's affiliated with a DAO is doing something?
I don't know.
It definitely opens up a lot of interesting questions.
But, yeah, I guess on this one, I don't know enough, so we'll try and look more into it.
If anybody does have any other info, you know, maybe we can talk more about it this week.
So, thanks for bringing that up.
Let's go, Amiko, and then Annie James.
Oh, thank you.
And also for me, too, I woke up not so long ago.
So, Mike, I wanted to bring it back to this Decentraland thing where my understanding is that, you know,
there was not enough people getting into it, right, like not enough people using it.
Because I've seen that in a – attended a fashion thing in Decentraland.
And when I got there, it was beautiful.
It was like you could tell the person – the fashion designer invested.
And he was throwing a party.
And I was looking for people, like five people in there, you know.
So, it was like – but my question is, do you think that in the future – because it doesn't mean, you know,
that now there's nobody there and no adoption.
Like, what about the future?
Is it going to be like – do you guys think that all of a sudden, like, lots of people are going to come as –
I think people are embarking on this NFT thing.
And then it'll be full of people in there.
Could you envision that?
Well, I think that the current market definitely impacts the amount of use going on, like, with metaverses, right?
Like, there's just not as much – there's not as many transactions.
There's not as much money.
There's not as much volume or interest.
You know, everything we know, the total volume in the NFT space is down, like, 97% from the beginning of the year.
So, I do think that that weighs heavily.
Like, the macroeconomics, the bear market definitely impacts users and engagement, I'm sure.
So, I think, you know, with a bull market, a lot of the metaverses will see a lot of activity pick up, a lot more transactions.
I think a lot of it also just comes with adding, you know, utilities, more stickiness, adding the IP, the gamification, and, like, whatever else there is on top of the blockchain.
And, like – and we've talked about this, right?
Most of – when we talk about, you know, quote-unquote metaverses, we're talking about these blockchain real estate, you know, platforms where you can buy plots of land and then build on top of them.
Most of them start with the crypto and, you know, they're kind of blockchain first and then they're trying to add the, like – they're trying to layer the utility and the IP and the games on top of it or even have users generate that stuff.
So, you know, that's one approach that a lot of them have taken versus where a lot of the other game developers are starting, which is they're starting with the IP, with the game, with the – like, what's the experience first?
And then, you know, how does it make sense to include blockchain or NFTs?
So, it'll be interesting.
I'm sure there will be winners on both sides of it.
You know, there will probably be, you know, one or two of these existing metaverses that end up succeeding long-term that are very blockchain, you know, kind of heavier first because, you know, they have a hit or they have a partnership or they have some kind of utility or function that takes off and becomes super, super –
But then I'm sure that there will be quite a few of the game developers or the IPs that kind of, you know, reverse-engineered or start their IP first, their game first, and then, you know, they're able to add in the blockchain elements where it makes sense.
So, I don't know. It'll be interesting.
Dude, the one point that you made there at the end that was, like, most – I think, like, most important is the fact that they're waiting for the users to generate this shit instead of doing it themselves.
That's – they're basically creating a foundation and saying, you build whatever event, whatever thing you want to host on our land, you do that, and therefore, they're not seeing the adoption there.
They're not leading that experience.
I don't know how to explain it more than that.
And we talked about it, like, we use the analogy of, like, a target, right?
It's, like, Target.
You know, like, when you need something, there's an event or something or, like, a club, you know, yeah, you go check it out.
You hang out there.
But other than that, like, there's not a lot of reasons for you to go there or be there the rest of the time yet.
And, you know, that's, again, unfortunately, you know, we talked about why Meta has such a head start and, unfortunately, will probably be more successful than a lot of the other, quote, unquote, metaverses is because they've got all that data that they own.
And they've got more experience than anybody about using technology to, you know, manipulate our physiology to get us addicted to, you know, whatever it is that they're building.
Not to mention the talent.
Yeah, they know how to create the hooks.
They know how to make it sticky.
They know how to keep people engaged and in their environments.
I think people also underestimate how hard this stuff is to build.
Like, I think there's a perception that, like, you can get, like, a group of people, like, in this room.
There's, like, 60 of us and there's probably some great devs in here to, like, let's go build it.
It's, like, that's not how that works, actually.
Like, it's thousands of devs that are the top of the industry making mid-six figures year over year over year over year with the data that's worth an empire's worth of money to, like, create that ecosystem of success.
So, it's, the biggest head start is, like, yeah, the data's great, but, like, wars are won with the army and they own the army.
It's, like, the top eight companies right now control legitimately 95% of the dev engineering power on the planet.
Like, it doesn't matter what we want to be built.
Like, if you can't build it to scale the way they can, including the server space, the rack space, the fucking, you know, 150 acres in Iceland with server towers, like, I think we just, like, gloss through this perspective of this is not just deciding to do something.
Doesn't everybody have 150 acres in Iceland?
Doesn't everybody have that?
I thought that was...
I was hoping to, but no.
That was table stakes, didn't it?
Y'all, hey, we're about to make a hard lift.
Y'all, we're going to segue this real quick because we are about to wrap up this show.
We will be back, of course, tomorrow morning with more GM Web 3, but right now we are jumping over to YouTube to keep the show going, keep the convo rolling to recap all these highlights and hit on any more alpha that Nifty Q is going to make us talk about.
So I pinned that up at the top.
NFT Live, we're about to jump over there and kick that off in just a couple minutes.
Yo, put up some hundreds if you want a DB.
Yeah.
Throw up some hundreds if you want a DB.
Andy James is hooking up the coolest people in the space.
I think the only criteria that we discuss is just don't suck, right?
That's pretty much it.
And I'm tossing out a DB.
Toss up hundreds.
I'm going to pick somebody right now.
Dude, there you go.
We're ending with a fucking DB's giveaway.
Andy James, the one, the only.
He's going to hook somebody up who doesn't suck.
But yes, pinned up at the top.
NFT Live, we're going to head over there.
And also.
Amiko, you won.
Who?
Amiko.
No, fuck you.
Amiko.
Yo, let's go.
I have like less than 20.
Bro, bro, bro, I bust two shots.
Oh my gosh.
Thank you so.
That's how it works.
Amiko didn't suck and she doesn't suck.
And so she wins a DB.
Also, the one last reminder, also pinned up at the top, is the OniForce giveaway.
That floor just doubled in the last couple of days.
There might be an acquisition.
That's the rumors.
Who knows where it's going to go?
But this is a valuable NFT prize package that we are giving away as part of our celebration
of the Web3 Network announcement.
So make sure to get in on that.
Y'all, this has been another awesome room, another awesome episode of GM Web3.
We're getting close to 100 episodes.
We are getting close to episode number 100.
That's going to be a big moment for us.
So we'll have to come up with something extra special to do for the 100 episode.
I heard you're giving away 100 ETH in that 24-hour room.
Yep.
We're giving away 100 ETH on and we're doing a 24-hour hackathon for the 100th GM Web3.
Yeah.
Thanks for reminding me.
I totally forgot about that.
I just want to bring it up.
I got you.
But hey, everybody, follow these amazing co-hosts and contributors up here.
All of them who are participating in this.
We couldn't do it without them.
Be Creative even came through at the last minute here.
Always great seeing Be Creative.
If you don't know him, give him a follow.
But yo, shout out to Kane Mayfield, Natalie Crew coming through, making it extra special,
extra spicy this morning.
Don't always get to see y'all here.
So that made it special for me.
And yeah, again, we'll be back tomorrow morning.
But if you want to keep hanging out with us right now, catch us over on NFT Live on YouTube.
And yeah, follow the co-hosts and contributors.
Have a beautiful hecking day, everybody.
And that's it.
We'll see you on YouTube.
Yeah, let's fucking go.
Bye.
