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Blackrock files for PREMIUM BTC ETF on Coffee with Captain #1,083
Recorded: Jan. 27, 2026 Duration: 2:04:55Space Recording
Short Summary
BlackRock has filed for its iShares Bitcoin premium income ETF, aiming to track Bitcoin's price while generating income through an innovative strategy involving call options. This move highlights a significant trend of institutional investment in Bitcoin, potentially reshaping the landscape of cryptocurrency finance.
Full Transcription
I Hello, ho, gone, web two. I was living a dream. Now I'm on web three. And it is what it seems.
Topping the pyramid schemes, I'm telling you.
I'll sell you a percentage on Nebula.
Shout out to Vince.
Yo, set it up.
Surfing on the web and I'm shooting at three.
I've been golden when I got my T.
I'm an alien boy from a different planet.
Yeah, so I got my drink.
I'm riding in the 1920s Model T Ford.
Car, era, Lord.
Call me Levi playing on keys, boy. And I'm about to put my gloves on. T Ford. Car, era, Lord. Call me Levi, playing on the keys, what?
And I'm about to put my gloves on.
If I said it, then I meant that.
Yeah, I like that one.
I'm about to get that.
Crash that whip for the drumsticks, whiplash.
I'm about to get them all.
Are you with that?
In a white boat, surrounded by blue.
I want one, but I got a cop turned.
I want to fly high in the sky.
Arms out wide, trying to swim.
I'm a bird's eye view.
I'm on fire, Ricky, Bobby. Whitney Bobby I'm a Saki bomb Hiroshima Nagasaki Bruce Wayne been a dog and I keep it 101 cuz I'm
feeling kind of spotty sipping on some rock and I'm sipping out octane the only thing
around my neck started off with a bitch now I coin. I see where y'all going.
Been popping since Web 1.
Hella hope you're on Web 2.
I was living the dream.
Now I'm on Web 3.
And it ends with the seams.
Topping the pyramid schemes.
I'm telling you.
I'll sell you a percentage on Nebula.
Shout out to Vizio.
Set it up.
NFT, Twitter, blockchain.
Team with the gold send me balling like the Brown J.
Crypto, crypto.
We can make a trade, get the memo. feels not fallin' for the FOMO
Listenin' to coffee with Cap'n
You know we were a wide-day loco
I ain't never gon' stop rappin'
Orlando, yeah, we workin' magic
We rockin' Ethereum entities
I just went and caught me a half bass
Man, I gotta shout out the 40
Now I got coin.
I see where y'all going.
Been popping since web one.
Hella hoax on web two.
I was living the dream.
Now I'm on web three.
And it is what it seems.
Topping the pyramid schemes.
I'm telling you.
I'll sell you a percentage on Nebula.
Shout out to Vince.
Yo, set it up.
Breaking the mood to choose one.
But it got knowledge to move, son.
I'm shocking in shades with my brother in shoes. Yeah, them blues is coming. Even though it's hard to pick. it up. Welcome to Coffee with Cap, powered by ApeCoin, where we dive into all things crypto, NFTs,
web-free, and cutting-edge technology.
Remember, nothing here is financial advice.
Early-stage tech can be exceptionally volatile and risky.
So grab your coffee and join Cap and Steve for today's conversation.
Welcome to the future.
Welcome to Coffee with Captain GMGM. Thanks so much for joining us. I'm Cap,
my co-host, Outer Loom of the Day. Appreciate y'all being here. Einstein, I saw you out there
warming things up with those emojis. The rest of you know what to do. And the only ask this
morning is head over to YouTube and give us a sub over there if you haven't done so greatly appreciate it. And actually, you know what, I'm going to
have another ask. I was going to stop asking for help on warming up X, but something's broken today.
I mean, another day on X, another day, something's broken, but the search is, I had a couple people
say search is down. So we might need some, some, some quote tweets and reposts to help with discoverability.
Mel wasn't able to find Steve earlier, was attempting to tag him, couldn't find him at
all in the search. And then I saw Katie, I think it was Katie as well said that X search is broken.
There you go. I was trying to post the YouTube link in the chat and that wasn't even working.
Outer, we lost you from the stage again.
Yeah, it won't let me.
It's just saying.
It won't let me co-host.
It's saying no to co-host today, huh?
The new hack.
I jinxed it saying that your hack solved it, but that is also not working.
So we'll power through.
I don't know what's, you know,
I think there was another X update,
but very well could have been.
This morning, and I didn't see one,
but I'll check again.
I'll go check right now too.
Maybe I'm the problem.
Maybe I'm on an old version of X.
See here.
One of these days we will have a flawless open.
It might take us 2000 shows to get there, but one of these days we will have a flawless open. It might take us 2000 shows to get there,
but one of these days we will get this thing down pat. Oh, it's, it's on me. Um, so I,
I think through this, so my ex is not updated. So that's probably the problem this morning.
Nice. And who knows?
Yeah.
X is a dumpster fire.
Let me do this.
I'm going to fire up from the bat phone,
the space for redundancy.
So then I can shut down X for my main phone.
And hopefully this works here.
I'm going to bear with me.
Like I've got less than 60 seconds to pull this whole thing off.
Actually, if the other one will connect, I should be good.
But just to prevent other issues,
I'm going to try to get my X updated in real time here on the show.
And just bear with me.
Give me like, you know what?
I'll play the
No I can banter. I have something I can say which is funny.
Sweet. Yeah. The mic is yours
and yeah I'll be back as quickly as possible.
This reminds
me of the time when
I guess I remember this. I think they took away the 100.
I think they took away the 100. But exactly what the paper is, if you guys are interested um but they found they did this study
on a bunch of nurses and they found that the nurses were getting a new system that they were
going to like log patients in it was like this new ui and they tested their attitudes to like the new change um oh i saw the invite for a second but
now it disappeared you might have to click it again yeah i i should be back at my ex now is
updated on the main phone i had successfully navigated this might be like one of my i don't
know how to put this on a resume otter this. This might be one of my specialized skills that I possess is the ability to
work around X. It requires two phones and multiple,
just a lack of pretty much useless knowledge, except for this hyper niche,
hyper niche thing here, as far as hosting spaces on X and how to navigate.
I'm up as a speaker. I'm not, I'm not sure if I can get on as a cohost.
I'm waiting for it to hover down below instead of like above as the orange
button,
but it's not doing that anymore.
okay.
Here we go.
I think I'm back to listener.
And your X is updated.
It is.
Yeah.
I was feeling really good.
I thought we solved X.
VR work there, but no, apparently impossible to solve it it's all right i don't know try sending it to me again now like maybe
it'll just work i'm i at this point like i i give up i canceled coho wait wait now i'm back as a speaker. Try again. Oh, this is kind of funny.
It is.
This was just our stall mechanism because Von Vrutten did it.
Now I'm going back to listener.
Definitely.
Okay, well, you know what?
I don't even care.
I'm done with this.
But I do want to finish the thing about the study because this is so interesting.
I love how it says co-host invite cancel too. It's like, yep, that's what it takes.
So now I'm as a speaker, just, just leave me, just leave me alone on the stage.
My lonely little wizard. I'm no longer going to accept the co-host invite because I just get
booted off. Okay. So here's the thing that I think is interesting. These nurses,
their attitudes towards this change in this new UI were tested.
So they were filling up the survey.
And most of them on the survey were like, we do not want this.
We don't like the current system, but we don't want the change.
Like there was this huge aversion to change, okay?
The takeaway from the study, though, isn't that they like hated the change once it was implemented
because they followed them, I believe it was a month, three months, six months, however many months
post the implementation of this new entire UI.
And just like me not remembering which emojis it was that I was missing, even though I remember
feeling some sort of way about it, the nurses, I think it was at the three-month or maybe the six-month mark,
couldn't remember what the old UI was like because that's how fast they adapted to the new one.
They couldn't recall buttons that they used for years.
Yeah, so this neuroplasticity of us adjusting
to whatever the new thing is is pretty quick,
nor do we have strong retention
once something else replaces it.
Anyways, I thought that was like, it's really
interesting when
you think about designing certain things
how people use and how fast we are to
plow
through and adapt to the new thing, yet how
change-reverse we tend to be.
Everything except for the name of this app.
Majority of us still call it Twitter from time to time.
That's about the only thing we haven't
forgotten. That's deep in only thing we haven't forgotten.
That's deep in our inner psyche though.
I'm not sure that's changing.
I know I just asked you, but you have to remind me,
what do the Canadians call the beanie again?
The fire beanie you're wearing?
What's the proper Canadian name?
It's a toque.
A toque.
A toque.
I do love the toque.
And I would like, like I'm tapped out on merch i shared i recently moved and
part of the move was clearing out a storage unit and for a while i'd been running on like two maybe
three hoodies and i unboxed my box of hoodies and realized that i don't know two three dozen
hoodies is maybe a tad too many and that doesn't even count the ones I still have in storage, like the one you're wearing.
I'm pretty sure I have this one.
Oh, yeah, yeah.
I guess we should.
Yeah.
So we, this wasn't like a, we did not plan this, but this is funny.
Yes.
Shout out to hundreds.
And I think, speaking of things we've probably forgotten,
was this not the very first, not only first collaboration,
first collab merch drop from,
from apes,
from Yuga.
Was it also the first gated merch drop?
that's a good point.
I don't remember.
Actually,
I think,
I think the first one with the og black hoodie in a red and black
hats i think that was gated if i remember correct i think so too yeah yeah i don't think this was
the first gated one but it was the first collab and and the funny thing is i prefer the blue one
this was a daily driver for me for a while but i think this was actually open to the public it was
the black one that was you had to be a holder right yeah this this and the hoodie the matching
hoodie which i also have to this were the oh wait is that the t-shirt or the hoodie
you have the t-shirt is it this is a t-shirt okay okay i was i was thinking you were in the hoodie
at first but yeah the the the black one was the gated one the blue one was public and um
i know they turned i never got the blue one no i no i i don't even remember being an option or maybe I was just so focused on the gated stuff.
I'm trying to remember why,
but I don't have a blue one,
but I do like them both.
I think they're awesome.
It was a period of time
where I was buying two of every drop
just because, oh, I'm going to keep one in a box
and collect it.
I don't know.
The only thing that probably...
What's that?
Divide said something to me yesterday.
I thought this was like such a peak thing to say to me,
and I love it.
We're in the process of moving and doing a bit of renos.
And one of the things I have to decide is
if I'm going to take one of the bedrooms
and convert it into a walk-in closet.
And I'm not like a girly girl that needs like a walk-in closet however I
do love merch and I also love clothes I collect clothes I have like vintage clothes I like things
that I could like because I collect everything like that's yeah yeah it's not that it's fashion
it's that I collect things and I could collect fashion anyways but he said to me that you know
if you have like a
collection of old you know like those vintage plates you have a way to display them if you
have like a music studio you have things to display in your music studio like whatever it is
like jewelry case if you're a jeweler or jewelry collector like collectors like to display their
collections and so a walk-in closet where I could like organize and put all of my NFT merch
and my other stuff, like just a way to show off my collection. And so he's like, don't,
don't feel bad about taking up like a bedroom to show off a collection because like this isn't,
this isn't like, Oh, I need like a closet to get dressed. It's more like, no, you want the closet
to organize all the things that you have in like 10 bins around the house.
And I'm like,
that is so,
so true because like,
I would like to organize these things.
It would be nice to see like all the different things over the years that,
that I've amassed and,
and,
and more like,
I still love like merch.
if it's new and interesting and cool,
I like it. Like I, I and interesting and cool, I like it.
Like I got the recent moon birds hoodie for Christmas.
If I got it for me and I wasn't sure I was like,
do I want it?
Do I not want it?
And he ended up getting it for me because he knew better.
And I love it.
Like it's,
it's,
it's a really good hoodie.
yeah.
So I don't know.
It's,
it's fun when there's new merch coming out.
Like I'm,
I'm,
I'm totally on board.
Um, and apparently I need to have a, I'm totally on board. Um,
and apparently I need to have a walk-in closet to put all my,
all my merchant.
Find yourself a partner who supports you creating a guest bedroom into a
walk-in closet to display your collectible merch.
This is,
this is the secret to happiness in life.
I feel.
And it's kind of his too.
Cause I'm like,
listen,
it doesn't have to just be mine.
Like you have a ton of merch too because i'm like listen it doesn't have to just be mine like you have a
ton of merch too and like he had um who did that nine dcc was that um uh g money g money yeah
because he was he bought a bunch of those um little passes and he pulled a pretty rare hoodie
that he got does he have the i have the one that's like a it's basically like a weighted blanket it's
like a weighted hoodie it's the it's the heaviest article of clothing i've ever owned and it's not
even remotely close like this thing actually i need to put it on a scale i want to say it probably
weight it's it truly would suffice as a weighted vest like it is insanely heavy like i don't even
know how they made it that heavy out it just feels like regular cloth but it is it probably weighs 25 pounds
yep that one he has that hoodie and and just like look that that needs to like i i will never
of all the things i'll pilfer from you even though he's like way bigger than me i still borrow some
things and like why not and most of the stuff i get is oversized anyways but and we're lucky
because our kid hates any of this merch that's a bonus he does
not like take any of it but i i will not wear that hoodie like i like i will get a workout like my
aura ring will clock a work imagine imagine climbing by the way we didn't so we we were
we had this was not our cold open topic of the day uh we were not gonna von fronten is is in
shock from the last opening scene of um knight of seven kingdoms so we're not gonna go there today maybe we'll talk about some games
next week but i do have to ask i've got to ask you a question then i have to my this guest room is
a studio slash office i did not turn it into a walk-in closet however the closet that's in this
office is my merch closet so kid you not i going to go grab a couple of pieces of iconic merch,
but I have to ask,
did you watch the skyscraper,
whatever they called Alex Arnold's climb?
Did you watch it?
I watched like a 10 minute summary of it.
I mentioned,
I mentioned at some point for me,
like I'd rather watch him climb rock,
obviously because it's more interesting and different
movement, whereas I knew most of this
would be fairly repetitive movement
in terms of
it's scaling a building.
There's only so many different features of the building.
It's remarkable. It's still
amazing, and I love that he's doing it because I think
that's the kind of stuff that brings more attention to
him and then would bring attention to doing it because I think that's the kind of stuff that brings more attention to him and then we bring attention to
climbing which I think is great
and then on the
Knight of the Seven Realms
I mean they keep naming these things
I'm just like okay Game of Thrones was easy
GOT then they went House of the Dragon
I'm like why is the the in there
now it's like even longer I just can't but
the thing that I'm going to say about the show in there? Now it's like even longer. I just can't. But the thing that I'm going to say about the show
without any spoilers,
because it's not a spoiler,
is we, I think,
Devine and I missed that it was like about 45 minutes
for the first one.
And I think we assumed
that it would be hour long episodes.
And this was, this is not an hour long episode.
Episode two was like a half hour,
like 33 minutes.
Half an hour.
Yeah.
We were were so we
looked at each other and we thought we may have to stop like watching this until it's all out
and just watch it like it's short yeah because it's so short it just feels like like as we were
watching the show the joke was like oh i wonder what they'll do next they only have 10 minutes like
it just because we were aware of the time, we, like our experience was altered
in how we were consuming the content.
I was wondering how they were going to do it.
And I was kind of surprised they made a whole series out of it
because it's, whereas like Game of Thrones
is like six extremely long books.
This was like not even a book.
This was like three novellas that he wrote
and they combined the three into this.
And if you go like look for it now, it is all one combined book on like audible.
And probably there's a full book of the novellas, but so it doesn't break them down into three separate.
Yeah.
The book is a pretty short read itself or in my case, a listen.
And yeah, these are.
So if you don't like the 90 minute long episodes, if you're 80, you can't take that.
long episodes if your ADD can't take that this might be this might be the series for you uh just
This might be the, this might be the series for you.
know that the showrunner goes off script for the opening scene now two for two uh two for two rather
uh going for the I don't get maybe some shock value in the opening scenes that's all I'm going
to say no spoilers but before we move on and get into web three happenings maybe my I don't wear
this often do you remember this one? I like that one. This is
the Cookie Monster Adidas hoodie. It is comfy. It's like it's this is a good if I'm flying
somewhere cool. This is a good plane hoodie because it is like it is like super soft and
you just you look like I look like the Cookie Monster wearing it. So can't wear it often.
That's such a good one. But when I do it is it is it's like a perfect piece of NFT merch. It
doesn't scream NFT merch. It just looks like a cool Adidas hoodie that's different.
But if you know, you know.
This one, I've wore one time for a picture.
I just can't pull it.
It's just too loud even for me.
Maybe an NFT.
I like that one.
I wear that one a lot.
Yeah?
I definitely wear that one a lot.
Yeah.
I do like that one.
Maybe the most rare piece of of
actually it's not this one this is this is the this was the one that was you could get it fuck
it saturday the mutant yeah and i have the other one that's like brown that was a i got it uh i
got hooked up uh i think there was only a few of them made so there this is i have this in two
colors i i've never wore it once i thought i I would, Hey, I might wear a robe someday.
And it's got a green belt too.
We, we, we have that.
And it was kind of sad for one, we got the wrong size, even though we asked for a big
one for a divide.
And so I don't know, like it's like a medium or something, maybe a large, but also the
belt on ours completely came apart.
So I have it like somewhere.
But yeah, it's like, it's actually funny
because I stand corrected on saying,
like, it's the only piece of merch our kid will wear
because like nobody got him a house robe
and we're just like, hey, you know,
you can just have this one because it fits no one
and nobody wants it.
And he's like, bet, I don't mind this
because no one will ever see me wearing an nft piece of
merch it's literally for me to get out of the shower so that is his extent in uh in dabbling in
in nft merch but yeah i i i was not um i i'm sure it's just like you know one of those you know you
get a lemon car you get a lemon outfit or whatever but ours happened to not be of the the the greatest quality i have you
i got a lemon burp box i opened them all yes i opened them all yesterday one of my 11 did not
have the card to redeem my my soulbound token so this was my oh no this is my lemon burp i'll read
i'm sure they'll make i can't i would imagine they'll make it right i know busy week for them
but um wait would you have it on video that you don't even have the card? I mean, I'm pretty sure that's like, I mean, if they try to think I'm angling for a free card
after, you know, I mean, whatever, they don't want to give me a fine, but, um, no, I did not,
I did not video my unboxing. Um, it was lots of rehash the whole conversation. I just talked
about it the other day, but it was like, the good the box is good it was a little clunky of a claim experience i know tech can be tough sometimes
but i had like you know i'd scan the qr code and it tried to get me to download the phantom wallet
which is already on the phone you had it back a couple times and finally got it to work oh geez
uh if anyone's still struggling through that you just you gotta it's kind of like operating x or
x spaces you gotta you gotta play with the workaround.
But yeah, it was... The smell got to me.
And this was just PTSD from unboxing way too many phone repair parts.
I can tell when something comes...
And I'm not saying these even came from Shenzhen,
which is more like the electronics market of China.
But to me, it was very much so like China plastic fumes.
And it gave me...
My eyes started bleeding like gave me my eyes
started bleeding and gave me a headache and so i but the quality is actually it is pretty solid and
i um i appreciate the effort i am really curious yes the smell was very heavy it was it was like
it was and i don't have like a strong sense of scent, not even might've been COVID related.
I really don't know. I've never really had a great sniffer, but, uh,
this was unboxing them. It was like, I,
and when I start getting something like that,
like if I use a cleaner and I feel like I start some like, Oh, did I just,
did I just take years off my life from not probably like wearing a mask while
I was using this cleaner? It was, it's like, it's like my brain,
it triggers some sort of like PTSD that's like, Oh using this cleaner it was it's like it's like my brain it triggers
some sort of like ptsd that's like oh this is probably not good i probably shouldn't be
breathing this in a closed room please don't take this out of context i'm not fighting burbs i just
it was it was really strong for me it was something like oh this is this is this is taking
me back to in unboxing way too many phone repair parts. It's like getting a new mattress and unwrapping it and having to let it off gas if you have
like, you know, one that isn't all organic or whatever, you know, like.
It's like the opposite of a new car smell.
Totally.
Yeah.
It's, which is so funny.
I love the new car smell.
I love the new board game smell.
Ooh, I do.
When you open up, when you open up a really like, like I got a new board game smell. Ooh, I do. When you open up a really like,
like I got a new board game recently that I had to wait to come back in stock called SETI.
Interesting.
It's like a very elaborate,
like, you know, you need a PhD to play the game,
but I like those games when, you know,
so, but it has a new,
because you pop out pieces and it's got like,
it just has this like new board game smell.
I do at some point want to talk about,
speaking of Moonbird tech,
about the unnesting of my Moonbird journey.
Because that is something that is just so funny.
Let's do it in 30 seconds.
I want to ask you one question that you,
when you're talking board games,
why haven't we seen more board games on chain?
It just, it makes so much like
turn-based games. Like I remember doing some of this stuff back in like the email era before we
even had browsers in the internet and we were playing turn-based games by basically emailing.
You had a group and you'd like, your turn was like once every 24 hours and it was truly all done by,
I'm really dating myself here. The kids have no idea about Juno email back in
the dial-up internet days, but that was my internet experience. My first internet experience
wasn't iPad. It wasn't YouTube. It wasn't TikToker. It was Juno email via dial-up and playing
like board games via reply alls. Like hyper nerdism as a young kid. But anyways,
why haven't we seen more board game-esque type
on-chain games? I'm sure some exist,
but...
Why aren't they, like, super popular?
And everybody knows about them? Probably
because board gaming
is niche.
Like,
how many people actually play board games?
Like, enough that they want to learn how to
play to begin with and then dedicate time to keep coming back.
Also, I don't know.
I just feel like I, as a gamer,
there's a big difference for me between sitting and playing like a video game
versus me hanging out with my friends and playing like Cards Against Humanity
or some like really, or like even Settlers when that was a big thing,
Settlers of Catan or like any of them,
like Root or Scythe or any of these other like super nerdy games.
Literally, if you're listening,
you either know what I'm talking about
or you have no idea nor do you care
because you're not going to spend like a day learning
how to play something.
Like, so there's a physicality to it.
Yeah.
Like that I enjoy. And that's not to it that I think that I enjoy
and that's not to say that I don't enjoy playing
I think
yeah I think it's hard
to get people excited
beyond like a very very simplistic
game and even then I don't know like
what kind of agency people are looking for
in digital gaming
versus like
it's funny
in digital gaming versus what they want to do online.
So yeah,
I don't know,
but we're laughing because Zane commented,
sometimes I feel old that I remember at least I'm not a quote email
turn-based games,
unquote.
Pretty funny.
Sorry.
So yeah.
So I, I think like, I know i'm not directly answering your question
but i feel like it's just too niche but there is i mean there's like competitive board games
there's like board game tournaments like this is it's i mean i guess i guess to some degree
you could say like the tcg like vibes is very much a a board game that's on chain, right? Yeah.
Or it's even even... I mean, and also like,
like I'm a big magic, the gathering game.
Like huge, collect all the cards, like love that.
I will never play digitally.
Like I just, I don't care.
I don't want to.
I like the physical cards.
I wonder why.
I'm trying to unpack this.
But I will grind Silksong for 10 hours straight
and not move off the couch.
This is not like, oh, I'm not digital.
That's the part I don't quite even get about myself necessarily.
There's a clear difference between
sitting around the table with snacks and friends
and doing the board game thing, I irl versus sitting around on the couch and grinding like a video game that's got it's
got to be that's got to be part of the experience the actual in real life human interaction is i
think part of the magic because to me like you said you'd never play magic online or people like
don't play pokemon like i think of like all all these TCG games that have physical cards and these
physical cards accrue value and people don't necessarily want to use and beat
up their cards.
Like just makes sense to me.
Like it'd be a better risk,
you know,
mitigate your risk.
You don't have to worry about damaging your cards by,
yeah,
get your cards,
send them off to a BZ vault and then play the game with the digital counterpart
and not have to worry about, you know,
your cards stay in perfect condition.
Didn't World of Women, is it them that had a Monopoly?
That was a World of Women Monopoly?
Yeah, but I think it was just a,
I don't think there was any on-chain components.
I think it was just-
Okay, which is like a physical-
Yeah, like you can go into your local supermarket
at times of the year and see like-
Oh, okay.
You know, Monopoly of Dunedin or, or you know somewhere out of the depth of my brain i just remembered like world of women
and monopoly like you know i went through my brain my brain folder for like you know like search
put the search on and it was like half working like twitter search and i got back board game web 3 world of women monopoly it's funny uh smart dumb man says if
you like magic the gathering you like parallel parallel it is one of the you know took off i'm
not sure where they're at now but very much on chain and and uh captured some some you know
attention and and market share there i i had some parallel assets. I never played the game, however.
Did you get into parallel at all or no?
No, I know about it.
But again, I'm not drawn to playing card games like that online.
I want to rip packs.
What about, you ever heard of the new card game called Set?
Beepic says, thank you, by the way, for the Retspa tip, Beepic.
I'm not sure what Retspa is, but thank you very much.
He says, I just bought a new card game called Set, S-E-T.
His son and I are enjoying it.
A little challenging.
Familiar with that one?
No, I'll check that one out.
Says it's a card game where you match cards in a set of three.
$10 on Amazon.
Yeah, I mean, I think, like, as somebody who has, built mtg decks and like has like a thing going
on it'll be hard for me to like oh i'm gonna play some other card game versus like that particular
card game which i love so much i am definitely um more into trying new board games though because
i do think i like seeing the mechanics of like how somebody masterminded like potential new
gameplay although at the root of it somebody masterminded potential new gameplay.
Although at the root of it, a lot of them are based on a similar kind of strategy.
There's only one board game that I refuse to play.
And that's mainly because it takes a day to set it up, which is Axies and Allies.
Our kid is a huge war history buff.
It sounds like Risk, but probably more... It is Risk on steroids.
It is risk like on steroids. Like it is crazy.
Like every country has like a ton of artillery and all these different pieces and like a whole guide.
He knows all of them.
But it's like you set up a snapshot in time and it takes like, I mean, it's not a day, but it's like at least half an hour to an hour to like put everything in place.
to an hour to like put everything in place so it's a game where you have to be willing to like
leave it and just play it like like over the course of many days as somebody comes up and
makes a move or something and I'm just like I no so it's kind of funny that um it's just not
like it's not something I'm passionate about but I told them in this school I'm like can't you just
like find some teacher who likes history get a, start that game and just leave it for like the duration of
the school year and see where it expands to feel like that's a better, a better, a better play
there. A lot of, but I'll check out, I'll check out SAT. SAT. SAT. SAT. Okay. Yeah. A lot of
fans in the chat. Uh, shout out to hands hands W over there. Appreciate the Pingu. Greatly appreciate that. I'm still kind of in shock that we have not seen whoever's licensing the Trump stuff. I'm surprised we haven't seen a Trump branded version of RISC, it seemed, especially after the whole Venezuela thing. I thought we'd be seeing that within days, if not weeks, and still have yet to see a trump branded risk game hit the timeline but
i thought that was inevitable anyways on to real web3 happenings but people do enjoy the merch
talk the game talk i i still think i still think there is maybe something there on the board game
i hear you that the physical the in reallife interactions is part of the magic. I also, maybe it's my nostalgia towards loot, the loot game.
Like that got too hyper-financialized, it blew up too quick, and things faded.
But I just, I don't know, I thought that would, I still think there's something there.
Maybe it never takes off, maybe still think there's something there. Maybe it's,
maybe it never takes off.
Maybe it just never happens on chain,
but, uh,
loot was,
think of like the easiest way to describe it.
The TLDR would be like,
like dungeons and dragons on chain and your assets,
your,
your stuff.
It was,
it was all on a card and it was text.
It was,
it was literally a,
an NFT that had words on it,
which were your,
your items in your loot bag.
And these,
this text,
the,
you know,
lines of text ran up to 20,
25 ETH,
maybe at the Pico top was a free mint.
Dom,
who's,
you know,
he might've been one of the creators of Vine.
I don't know.
He was a,
he was a notable dev and it was one of his,
you know,
projects,
true, just a project.
And he sent some vague cryptic tweet out.
You had to mint on contract.
You had to find which tokens had been minted. And it was a fun lunch break one day that ended up leading to a pretty big W.
But yeah, I got really excited because shortly after, I promise we'll move on after this.
I have to connect the dot real quick though, because I to outer about my one of my best childhood friends who not only did we play
sports together and the sports video games but he's the one who got me into magic the gathering
he's the one who got me into age the empire and lord of the realm dungeons of dragons when apes
minted I I have notes that I sent basically I described loot I just wasn't a dev and this was
pre-ai but I try But he's a programmer.
He's done very well coding software for a living
and is C-level at a big,
a large, got acquired, now publicly traded company.
Anyways, I sent him all this.
My idea of basically Loot on-chain,
and I was asking him questions like,
okay, what other traits like dexterity
and all the stuff you would
know from Dungeons and Dragons and he
answered back. Anyways, I never
did anything with it other than take notes and then
Dom launched loot months later
but I digress.
Anyways.
I would
look,
I think if something comes out and the new meta is like oh we're back to
gaming on chain and trying that out great like i'm here for it if that happens you know i i but
i yeah i don't i don't fully know that people have an appetite for this because i don't know
if they have an attention span for it yeah and the dedication to like actually come back you have to
be pretty incentivized to want to play,
but this is very nostalgic though.
I love looking at old projects.
It's still got a 0.099 ETH floor.
So you're talking like almost $300.
I mean,
there was a very diehard community that really leaned into this.
And,
and it was one of the first third party airdrops I got.
They created a GLD,
which is basically gold for this loot game.
And that ended up being a pretty big dub.
But yeah, here's an example.
Mace, Divine Robe of Titans, Ancient Helm, Leaven Sash, Holy Greaves, Hard Leather Gloves, Amulet, and a gold ring.
And then it was like, he created the assets, you could go min them, and then the community created the games around it.
And I mean,
here's a rare one that sold for 0.2 week a couple weeks ago.
So yeah,
there's still some activity.
I mean,
this one sold yesterday,
selling into week bids,
but.
that's interesting.
I wonder if they have like an active discord and it's still going or if
it's like completely dead.
I actually don't know.
For a while it was D Hoff.
I said,
I said,
yeah,
Dom,
Dom Hoffman, I believe for a while, it was D Hoff. I said, yeah, Dom Hoffman, I believe.
For a while, it was in, he did another, prior to this, bit something.
Bit, I don't know.
I'm trying to find it real quick, but my brain's slipping me.
There was a Discord, but it wasn't a loot Discord.
It was basically Dom's Discord for his other projects.
For many years, I only had like three or four people on Noties on.
Dom was one of them because I happened to catch his tweet about that loot contract over lunch break.
And it was the most profitable lunch break I've ever taken.
Last thing before we jump into the Web3 news of the day, a little bit of a look back from, oh, Jesus.
Eddie Crypto says, yeah, the Trump risk game is coming.
It's supposed to launch in February.
Not surprised.
Oh, my God.
But in all seriousness, more important stuff, following up on the AI conversation, Jamber says, yesterday's take on AI, I'm in the medical field, and doctors are now using AI for dictation, and it's actually giving them more time to spend with patients.
Big win, and I'm here for it.
I think this is the stuff, too.
Like, we talk about, oh, like, robotics are going to take over surgery and medicine.
And someday, yeah, eventually, I still think the human doctor is going to be the one controlling the robots for the most part.
But stuff like that, like administrative tasks, like dictating notes.
And yeah, dictation has been around for decades.
But the quality of dictation today is actually something that it's good enough to use in something like medical notes.
Whereas a decade ago, it really wasn't.
It was frustrating to dictate.
Now it gets almost every word for word.
And just thinking about stuff like that, like that's applies to most people. It's something I,
I need to be do more with dictation because it is, it just helps you be more efficient,
helps you be more productive. And I think that kind of the highest level kind of sums up this
AI revolution and you don't need to be going and building your own agents per se you
don't need to be vibe coding new apps to launch in the app store but even just using for simple
things like making your life more efficient by dictating notes is I think an easy easy win for
for a lot of people and um I think for patience it's huge like I don't I didn't catch um yesterday
and what the conversation was around but I think like one of the things that AI is huge for is changing how much research you could do, actual real research. I know there's the whole idea of Dr. Google, which just gives you the worst of the worst of cases., not as helpful. And I know if you don't ask the right questions,
ChatGPT for sure is going to be like, yeah, you know,
it's just going to glaze you into thinking you're fine, even if you're not.
But there is, I think, like, and I've seen maybe a few apps,
I think, already doing this, but like a specialist doctor
isn't necessarily going to be caught up on like every single latest piece of research they're not
going to go to every conference they're not going to be like in tune with everything going on about
like condition x or whatever and if you're a patient with condition x then you can actually
ask gpt to give you the latest articles and summarize them and quote the sources so that it's not just like hallucinations
or whatever.
And you can become a pretty big expert on your specific case.
And then the conversation could be meaningful because it's not just like, oh, I Googled
this.
And it's not like, oh, AI told me.
It's more like, hey, from these seven studies that were just released in the last month,
this is where i see the the
field and the landscape changing or next are you aware of that like and as somebody who is like
literally experiencing this right now it's very fascinating because because now like i find
at first when you kind of question things they almost think that you're like a patient who is
like really woo about certain things and then they almost think that you're like a patient who is like really woo-woo about certain things.
And then they realize that actually you're on the opposite side of that, which is like you're almost too educated because they're not caught up yet.
But both of them are still a little bit like an interesting thing to navigate with the physician because they're just like, wait, what's happening here?
And maybe it's because I do have a background in science research. And so having these meaningful conversations
of being like, okay, but is this...
Are we talking about a treatment
because it's the current standard?
Can we be talking about treatments
that are coming out of trials
that are more successful?
Is there access to those?
So yeah, I don't know.
I think AI is super useful.
I am excited for like an official
like branded super easy to use
you know
like navigator for
any kind of like disease for folks
I think right now it's still complex
even like open AI
health and all of these things that are coming out like you still
need to be I think handheld
in how you navigate that
and the conversation that you have with your doctor
once you do that. Did you play around with Claude
Bot at all?
Or did you catch that whole mania that
lasted for about 48 hours?
Yeah, 100%. I mean
that one is like, to me it reminds
me, if I remember the movie Her.
Oh yeah.
It just seemed like that's what you get
on your computer and like I'm all here, it just seemed like that's what you get on your computer. And, like, I'm all here
for it. But also, like, I don't think I want to spend the time right now to setting one up. But I
could see that. Yeah, I think within, and I know it's not everything, but within like 24 hours,
Claude released another update that did, you know, 80% of what CloudBot was doing just in the native
app. Like, it just, that's part of my, it's a dilemma I go through often.
It's like how deep, you know, we had a conversation last night,
great conversation by the way, but like,
this is something I need to spend more time in the AI trenches,
learning this stuff just because it's going to be transferable skills where I
think I get hung up or struggle or make excuses is like, okay, how do,
how much time do I want to spend in learning this new third-party thing
when Anthropic or OpenAI or Google with Gemini
is probably going to launch something that's easier to use
that does the same thing within a matter of weeks
or months, worst-case scenario.
And it's just moving so fast.
But I do, reiterating a little
bit of yesterday i just i think that even if you're not building something to sell or to monetize
i i think you're you're probably doing it wrong if you're i'm not i'm anti-ai i'm not going to
using that stuff like you're just you're putting yourself, I think, at a significant competitive disadvantage.
I don't know.
I feel like those folks, if this all goes in a way that isn't great,
for sure those folks are going to be like,
ha, told you so.
But you know what?
I'm still going to use AI for the things that make my life better.
For instance, for me, it's recipes.
I love the fact that i can be like here's a picture of the ingredients i'm willing to work with that i happen to have in my fridge right now and i'm like low-key about to order uber
eats but maybe you could save the day and chachi is like of course we can make whatever it is and
i'm like great give me two recipes or three i will pick something i will cook it because i hate
cooking and like i just yeah people are like oh what super superpower would you have if you could And I'm like, great. Give me two recipes or three. I will pick something. I will cook it because I hate cooking.
And like, I just, yeah.
People are like, oh, what superpower would you have if you could have any superpower?
Yeah, it's easy.
I wouldn't sleep and I wouldn't eat.
Done.
Like, but, or at least make those optional.
Think of how much time I'd have.
And I say this as someone who is like a genetic six hour short sleeper. There are people that are short sleepers in the world and I happen to be one of
them. And already I'm like complaining about more, you know,
or less sleep rather. So I don't know, but I think like to rope this back in,
AI has a lot of uses that are like so simple,
but if someone was to take that away from me and I couldn't use it like for
making recipes anymore, like instantly on the fly, based on things I have,
that is like the biggest time saver ever.
Like it just means that I can ADHD shop,
get groceries,
and then somehow these things will come together into meals.
Like it's perfect.
Yeah.
Or soon I don't have to do that.
Your smart fridge is just going to connect to Claude or Gemini,
and it's going to just do your whole grocery shopping for you.
You're just going to tell it,
Hey,
help me come up with some things to eat this week and then you're like yeah I choose these five and then everything's just going to appear in your house and all you're going to have
to do is unbox it put it in your fridge and then pretty soon you'll have a an optimist robot to
actually do the cooking yeah I was going to say the cooking robots like there's some really cool
ones I've looked at them there's there's like a like a couple I saw on TikTok where you just like put a bunch of
stuff in,
press a button and it prepares us like crazy meal for you.
But yeah,
I'm definitely like the whole robot.
That is,
that is exciting to me.
I would,
I would love one.
Same.
Zane,
Zane adds,
I used to spend six to eight hours a month doing social media reporting
for work.
Now I spend less than 30 minutes a month. AI does all the boring time consuming work so I can
be creative and strategic. And I think that's exactly it for the doomers who say AI is going
to take your job. I would say, yes, if you're not using it, if you're not using it to become
more efficient, to turn eight hours of work into 30 minutes of work, someone that is going to be
better than you. They're just going to, it's going to seem like your coworkers have,
they're working 24 hours a day.
And the reality is they're working probably less than you.
They're just being smarter and more efficient with their time.
And it doesn't take away this like first principles thing,
I think.
And maybe like as somebody who has a kid who is like anti-AI a little bit
only because the school is anti-AI, right?
Like when you're at the grade eight, nine, whatever level,
they don't want you to use AI to like creative writing or whatever.
But like, this is an interesting application of it.
He makes Roblox games.
And if you've ever been in Roblox creative studio,
like it is, you can't, like you have to use scripts within it
unless you have like some other plugins that you can can tie to trying to vibe code in it.
But how I vibe code in it, because the language is Lua.
It starts with a one, like RStudio does, or like Fortran.
It's a weird language.
Anyways, but I use it with Cursor.
So I will get Cursor to write me a script and I'll paste it into Studio and I will test it.
But there are still fundamental things on Roblox
that if I, like as somebody who's more new
to experimenting with that kind of vibe coding,
my son and I sat down for like half an hour to an hour
and he explained to me how Roblox Studio actually works.
Like in a very easy, fast, efficient,
like from first principles ways
because i can have cursor give me this awesome script but if i don't know where to put it it's
not gonna help me right so either i'm asking ai for how to do it which is fine i could learn that
that way or i can ask my kid but the point is that like there is still a first principles thing that
you kind of need to learn before then you can you know do all of the other things like if you don't understand that you need to connect like a database you know for for for
your app or whatever you're making like that fundamental understanding of how something is
set up is like the first thing you learn and i don't think ai like takes away from that i think
it if anything it forces you to learn it either because you don't know it and then you're asking
those like first principle questions and it could guide you through that.
That's fine.
Like when I first started using it for, um, no, when I first started using Python, um, for like scraping stuff, I had no idea how to like set up like an API with whatever I was scraping.
And at the time there was no AI to tell me.
there was no AI to tell me. So I had to like go into Stack Overflow and like figure it out the
So I had to like go into Stack Overflow and like figure it out the old school way.
old school way. But I still had to learn how like fundamentally scraping something on the internet
works, especially if whatever I'm scraping has an API and how to like talk to it and make calls
and set up like a whole system. So, and I think that there's this fear of like how, you know,
if your kid has to write an essay and they put the prompt in and then they copy and
paste the essay the thing that they're missing there is like why don't you just like as a teacher
from i would want them to just mark the use of ai at that point like like instead of saying don't use
it then why don't you say okay everybody use it use it. And then everybody mark your own slop, you know, like, like,
like make them critically evaluate what's happening so that they can get
those skills, which are really the important skills there.
Otherwise tell everybody to handwrite their stuff.
It's great for dexterity, make a whole, you know,
for this hour where you're going to write your essay.
Like I can agree more. I think,
I think those using AI are going to learn a lot more
because it's not just it almost it forces you to become better educated on things you're you're
attempting to get done with ai it like forces you to learn it forces you to do more research because
it's not just at least today it's not just simple prompt get all the answers you want it's it is
back and forth it is going down rabbit holes.
And I do, I think it will actually increase the collective intelligence on the human side,
not just because they're using AI, but they're going down rabbit holes and learning things
that previous, I mean, how many people are now could probably actually code who were
not coders, not programmers before, because they've been vibe coding and talking so much
with ChatGPT or Claude that now all of a sudden they probably could go code a
simple game without the help of AI that previously that they would have had not
even know where to be in. Like, I just,
I think it's very much is a great educator,
especially if you're using it for such and exciting times ahead.
What a time to be alive. Einstein, I saw you try to come up earlier.
If you want, love to have you join the conversation. You might have to leave X. Make sure you have the most recent version and
come back up. It's being a little finicky today, but here's headlines for the day. First up,
we're going to jump into is Outer's a nesting story. We have Bird TGE on deck. It launches
tomorrow. Those assets are down quite a bit today, but we'll get into that here in a second. Other
headlines of the day, hype, come back. We've got a post from Jeff, the founder over there, we'll talk about hype.
Well, while majors chopped or down slightly, hype and pump fun, both up over 20% on the day.
Riddle me that. By far and away, the big winners of the day. BlackRock, the title here, BlackRock
filed for a new Bitcoin premium ETF. You're going to stick around to find out what premium means.
REC drinks another sellout this time in less than 60 seconds.
We hit on Nifty Gateway closing yesterday.
We may have a little follow up there.
Might talk about some of the NFT graveyard protocol
or the NFT protocol graveyard of 21-22.
But Outer, tell us about your BIRB unnesting experience
or lack thereof.
Yeah, this is really funny.
So I think I've talked about this before.
I had a moon bird that was nested from day one.
I now can say had.
It would have been nested for a total of, I think it's like 1,300 or however many days,
like wild, like it's been four years basically.
You deserve the Tesla that was teased at one point.
I'm kidding.
Oh my God, right?
Like I just wanted the diamond nesting pin, you know?
Like I keep, like I literally, they never made one.
But all that to say that I went on an adventure
and I thought, okay, I want to unnest my bird,
but I want to do it in a way where I could like document it.
Because I think like I have a, I have a screen capture of me nesting it.
And I thought it would be fun to like have a screen capture of me unnesting it,
especially because it's like, it's just this meme at this point with some of my friends
that like, I still have a nest in Moonbird.
Like it was just so ridiculous to do that at this point. Right.
To the point that you couldn't unnest it on the old,
on the old like original like proof site,
because like that's a legacy site that's now like defunct.
So it does not work to do it there.
So I popped into the discord in October and I was like hey does anybody like know how to unnest a
moonbird and the response I got was like open a ticket okay fine so I opened up a support ticket
and in the support ticket I was like hey how do you how would do you unnest the moonbird and they're
like okay um well let's check that it's nested first what number is it so I gave them the number
and then they're like oh we can unnest it for you.
And I'm like, no, whatever you do,
please don't unnest it for me.
The whole point is that I would like to unnest this on my own.
Like, this is important to me.
Do you have like, I'm like,
I don't mind doing this off contract.
Can you just tell me like what you want me to do
so I don't mess that up?
So they gave me the information information that I needed like to
where I should like toggle nesting and like write that on ether scan all the things I'm like great
and so but I'm kind of dumb in that I didn't screen capture the instructions because I was
like whatever I'll just come back to it and of course the support ticket's gonna get closed it
was just like me boning out so fast forward to like last week where i'm
like oh yeah i should really un-nest this like i should do it like i'm i haven't done this yet but
it's important to me so i opened up another ticket and me and one of the mods shout out to that mod
we're trying to figure out why i only in like from my user account had toggled nesting like 1300 however many days ago
but i didn't toggle it again to unnest so as far as like my whole status of my my bird from my
account on chain is that the thing is still nested however turns out that from their end
when they checked because at one point i'm just like, okay, I give up.
Just you unnested.
Like, I don't care anymore.
They're like, wait, it's already unnested.
And then I'm like, well, how can this be unnested when I never asked for it to be unnested?
So we go down and try to figure out who wrote the toggle unnesting on it.
Because I didn't.
My account didn't do that
so looking more and more into it we figured out that an admin from some at some point i guess when
i first asked about it on october 3rd took my inquisition as the like yes unnest the thing
so they actually unnested it and we had this like hilarious interaction of like a little
like like like they put like the crying emoji of like no it was like you know definitely a legendary
like long-term nesting that uh somebody on on the admin team uh definitely ended on october 3rd so
that is actually when my moon bird became unnested but it's like such a
funny like anticlimactic like here i am i'm gonna like screen record this like ceremonial unnesting
of this thing that i'd like really should have just accepted a 55 week offer on like four years
ago that i didn't um anyways if anybody wants a a clean moon bird with a matching oddity in mythic
let me know.
At some point, I'll probably get rid of them.
But maybe not.
I don't know.
They owe you at least a diamond pin at this point. They need to build at least one just for yourself in that story.
And maybe the three or four other people that never unnested their moon birds.
So there are people still that are nested.
But I don't know if any of them are like still from day
one on nesters like that i think yeah i think i'm pretty i'm pretty sure i'm the one that like has
that like longest whatever running title but i stand to be corrected like maybe maybe someone
is i can go on contract and check but like the same time i don't know how much i care i am excited
about tomorrow though although i have no idea what the like what the what the play is i have
not been paying attention at all even though i have assets do you know i don't know what the play is and i'm a little
surprised so after they announced it there was a big sell-off and then they said hey there's not
been a snapshot you're gonna have to have the assets at time of claim and they they bounce
back up a little bit but i just saw, down kind of the biggest losers on the day
as far as NFTs go.
Moonbird's down 9% to 1.74.
Mythix are down 16, 17% to 0.21.
I should have let mine fly yesterday.
And then Oddity's also down 11%.
Both of those are 0.21.
The Burbs are 1.74.
Not good to see that kind of sell off pre-TGE because there's almost, I mean, it's possible, there's a range of outcomes, but almost no scenario where the NFTs don't take a big hit once the claim occurs. this isn't a comment on moonbirds this is just fungible tokens tied to nfts they run up
in anticipation of the tge and then there's almost always a sell-off and a dip in floor
price of the of the underlying nft asset i i don't know how to play this i don't have much
i've got the soulbound tokens i've claimed. I've got one Mythic. And I will probably just...
Because it's not that much, I think what I may do, I may hedge, and I'm not someone who hedges.
But I might hold the tokens I claim and simultaneously open a short after.
I anticipate somewhat of an initial pump, and then i think we'll see trend down
i just i'm actually more so than the price action i'm genuinely curious what they're going to do
because so far it's been for as anticipated as this launch has been for the the amount of time
they've built up for this tge i can't remember another token at least tied to an NFT brand.
We had basically no
information leading into it. Now, they did
say yesterday, they said that
tokenomics will come out today, but so far, we've
got no tokenomics. We
know nothing about the token.
Is there going to be any utility? Is there going to be any perks?
Is there going to be any sinks? We know nothing.
I don't know. Something I read gave me the feeling that I wonder if it's not going to be a full claim, but rather it's going to be a slow drip.
And I wonder if that rumor is spreading and that's why there's the sell off in the NFTs, because that's not that's the case.
That's not historically not been well received in terms of the market in the NFT asset.
historically not been well received in terms of the market in the NFT asset.
Like meme landed this with their captains and you only got X amount of tokens
you can claim every day or week.
I don't know what the timeline was,
but I really don't know what the play is.
I am probably,
probably going to open a short.
I do think I saw,
let me pull up Calci here.
Cause I think I saw a Calci pre-market on BIRB token, unless it was just a screenshot.
Nope. Yep. Moonbirds, FDV, one day after launch.
Currently, the forecast is at...
Here we go. BIRB.
Currently, the forecast is at 328 million.
You can buy, yes, 93% chance it's over 75 million.
94% chance it's over 100 million.
49% chance.
So 50-50, it's at 150 million plus.
23% chance it So 50, 50, it's at one 50 million plus 23% chance. It's at 250 million.
This math ain't math. And what am I missing here? Just low volume.
Explain that to me, but yet a 72% chance it opens at 300 million plus that, um,
there's free money here somewhere in Koushi. I don't know how to make money on this. I don't know what...
Yeah, this is...
I don't know.
Is this a broken market?
Like, these are also 99 cents.
So something is...
This is real.
I mean, this is a real market on Kalshi.
Oh, there's only $1,300 of volume.
That's why.
So it's a real market on Kalshi,
but essentially no volume at this point.
So some of these must just have no...
Almost no volume.
But that said, it still feels like, can I bet no?
I don't know.
So it feels like there's probably some sort of arbitrage here because this is, this doesn't make any sense at all logically, other than just not enough volume to register correctly.
So I don't know.
I don't know what to make of it. I think probably south of 328 million,
there might be a pump at TGE Day.
And then if there's, I'm confident in this,
if there's no other announcements,
if there's no incentive to hold,
if it's just, oh, we're going to meme this thing to billions,
I don't think that's going to work.
If there's no, if it's just a meme or this is our brand coin i don't i don't see the token holding
any real material market cap but i could be wrong i'm rooting for them i hope they do well i just
i thought we would see i thought we'd have a lot more information on what they're going to do with
than we have it yet at this point on what they're going to do with BIRB than we have yet at this point. I mean
they might delay it or hopefully
yeah and there's Tully
Spencer did say coming tomorrow
don't trade on FOMO
or hype owning a BIRB
has always represented wanting to be
on this journey with us.
The 28th isn't the end of the journey.
It's just a milestone.
Okay.
I just, who's ready to hold their burb?
I wasn't being smart.
I asked a genuine question.
Apparently, I'm ready to hold my burb.
I've already held it for how long, right?
Whatever.
I don't even i don't the only
reason why i thought about actually this this could be a good segue um the only reason why i
i decided to unnest the burb is because i was thinking of acquiring something from nifty gateway and and and this is this is this is so like
why does this stuff always happen to me like i really should just document my like everyday
web3 like mundane experiences because they just they seem to like somehow synchronous like there's
a synchronicity there so i'm looking at an asset that is on Nifty Gateway that I like.
The person obviously has it on Nifty Gateway.
They do not have a handle that I can look up,
so I don't know who they are on Twitter or anything.
And I want to offer them something for this asset
because out of the collection of said assets,
I'm really interested in one particular one.
And I have the link to that asset.
And I was thinking about messaging a few like fellow art colleagues in the
space to see maybe they know who that collector is.
They listed it for sale in March and like nothing else.
That's it.
And so I thought, well, if if I'm gonna make an offer and
they're not even checking this is gonna suck so maybe somebody knows who they are um because I
wanted like the price they listed for is it was a little bit above like what the current kind of
price is for that so it was like well maybe it'll take a an ether too low or something and the next
day the next effing day that link doesn't work anymore.
And there's that announcement of like everybody off.
And I like didn't even screenshot like the holder's name or anything.
Like I know what I know what I'm looking for, but I can find it on OpenSea.
In fact, I should check to see if maybe like I want to now I'm checking every day if it's off of the Nifty Gateway contract or if it's still there.
But it's going to be the saddest thing for me if this asset like literally just perishes because this person's not active anymore.
Like I'm going to be really sad about that.
And I'm right in thinking if it's in that Nifty Gateway contract, you you can't transact anywhere else.
Right. You can't go buy it on OpenSea. Is that accurate?
Like it's you you could only transact in Nifty Gateway until they take it out of Nifty Gateway, and then
you can buy it wherever, but
if it's all these assets on Nifty Gateway,
they're basically locked on Nifty Gateway. You can't
just go to OpenSea and buy it there,
can you, or am I mistaken?
No, you have
to go on Nifty Gateway.
So the good thing is
that
this person did take this piece off of Nifty Gateway and they actually now listed it for sale for an insane price.
But at least now I know how to find them.
This is great.
So excited about that.
But also imagine if you just completely like, who cares?
Then I actually don't know.
I don't know.
Does anybody have an answer as to what happens to like all of these assets that are like completely unclaimed?
Are they just going to like, you know, be locked in that nifty gateway contract?
Are they released like to back to the artist?
Like, like that's the conversation that I don't understand.
Like, I understand why people are salty about having to like have terrible UI and trying to pull a bunch of stuff off.
Like, or the
fact that they have barely any notice to do it but for the people that are like kind of on vacation
from web 3 expecting their stuff to be there when they return because like people have definitely
left and returned and all their bags are still there if they have self-custody over their bag. But like what's happening to this?
This is wild.
Like I said yesterday, don't delay.
The deadline is less than a month away.
You have assets on there, go pull them off.
That said, I would be shocked if February 23rd hits
and it's just all those millions of dollars of NFTs
are just locked in to get your contract forever.
Because it's not just some like fly-by-night startup this was for those you weren't around nifty gateway was was i mean it like it was ahead of openc at one point it was it was the
launch platform it was where people was doing his raffles it was you know there's people's there
there's x copies there there's sam sprat there there's a lot of OG art on Nifty Gateway. And it was the CoinDesk article I pulled up here. It was
they did over 300 million in sales at its peak. Not only did they do hundreds of millions of
dollars in volume, it's owned by Gemini. Like they have funds to keep the lights on for a little bit
longer. I mean, I can't imagine that the hosting costs are, are too exorbitant.
I just would be shocked if the state hits and people don't get them out.
I don't know.
The, the, the, the negative PR that not only Nifty Gateway,
but I think by, by proxy that Jim and I would get from this,
I don't think
it'd be worth just shutting it down hard like that.
So we'll
see. But
yeah,
the actual takeaways
if you have assets there,
get them off. Don't wait.
Don't wait until February 22nd
like I probably will.
I mean, we talk about the scarcity of digital art and oh it's on chain so it'll live forever not really you know
people lose their seed praises people pass away and don't have any any um you know proper estate
planning platforms like this that are you know centralized smart contracts shut down or they don't pay their
hosting bill and things are just gone and this is not like i said this is not just oh there's a few
random pfp collections that no one cares about this is some iconic art that is i think i last
i saw was over four million dollars worth of like real nfts and will would be a shame if these things
get lost to a platform just just decommissioning i'll be shocked
i don't think they'll just completely pull the plug they're gonna have to be at least maybe it
maybe you got to open a ticket and there's a manual workaround but you know how many of these
people just aren't active they don't they don't look you know how many emails you get a day oh i
didn't i didn't see that email they're not going to nip the gate one a daily basis well they just
might be taking a break like people leave during the bear but they expect their stuff to still be
around right that's kind of the ethos of crypto is that you can leave it
alone and if you remember you know your custodial way through it you have it i mean speaking of that
though also another psa would be if you are or were into reddit avatar collecting all of the
reddit stuff um you definitely want to go i think i they have until February 6th, if I remember correctly,
to set up a password
and get self-custody over your avatar stuff
if you happen to be there.
I actually did.
I didn't get a few of those.
This is hilarious.
When I typed in Reddit,
any guess what auto-populated
is my most common Reddit page I've went to,
you know,
you type in Google and I just typed Reddit,
but it auto populated the whole thing.
Wall Street bets.
Is it,
it's better,
better than that.
Is it,
is it like a subreddit?
Yeah,
it's,
I'll say this,
it's,
it's,
this will give it away.
Probably,
you know,
me and the one thing it is the,
it auto populated. It took me and the one thing. It is the, it auto populated,
it took me to the copy pasta subreddit.
This is what I go to Reddit most often for.
So I can copy pasta the,
in case of an investigation by a federal entity or similar,
I do not have any involvement with this group
or the people that I do not know how I'm here,
probably out of my third party,
I do not send any actions by the members of this group.
That's what I most often use Reddit for is copying this copypasta.
That's hilarious.
That's so funny.
Imlo, welcome to the stage.
Before we move on too far from Nifty Gateway,
our local longtime fan of the show actually reminds me,
we do owe you a follow-up to talk about our our uh
artist of the month project we want to launch outer i don't even talk about this but one of
the things we want to do on a monthly basis is support a do an artist day and support some art
and starting with some up-and-comers and eventually move into some maybe the more acclaimed artists
are notable uh emlo spearheading those efforts and uh yeah what what brought you up are you
got thoughts on Nifty
Gateway or otherwise feel free to take it whatever direction you'd like always a pleasure yeah so I
actually broke this news like four hours before Nifty Gateway even posted about it because I was
on Nifty Gateway looking at a piece of art that I wanted to get and then like while I was on the
site it switched over to say like Nifty Gateway is closing down in a month from now.
And I was like, holy shit.
And then the other thing is that a lot of the stuff is actually stored in their centralized database.
So you have a lot of art that is like, ironically, PAX Merge is one of the only pieces,
one of the only collections that's actually on-chain
with all the metadata and all the everything, like, actually on-chain.
Everything else is a mixture of IPFS,
but also there are, like, broken links that are, like,
going through Nifty Gateway's actual server.
So they need to figure that out.
They didn't really have such a great sunset plan.
So I don't know what they're what they're actually going to
do like sam sprat seems to have a plan for his stuff but like there are a lot of refiq's people
etc that are on there that are worth multi-millions of dollars that even if people get the assets
off of nifty gateway which is already a hurdle in and of itself there's also the hurdle of nifty
gateway not necessarily keeping up the hosting
fees for those and those potentially
having broken links
and needing to be reissued or something else.
So it's a whole mess
and Nifty did not prepare anyone
for this.
So far, what we've seen, I think a pretty poor
sunsetting. I get it. Hey, businesses
they need to make money. I don't expect
all businesses to last forever. They made a billion dollars off off of this they made a lot of money off of this like
and that's my point why the sun setting so poor right they they have capital they made money
things change they they pivot they're germanized focused on their everything app i whatever you
got to make business decisions this is just a really poor sun setting what we've seen so far i didn't even think about the centralized art in in ipfs issues like this brings me back to like i know there's some talk about oh move these
to move these to ordinals so they're on chain like i didn't even think about not only getting
your assets off some of these assets when nifty shuts down if they don't do it properly
you may get like a 404 error when you go to look at your metadata or nft like that is
in the range of outcomes someone's got to pay the bill for that right and yeah if you gave
it was not going to do it then you know yeah pretty pretty wild the the crazy thing though
is that there are people that would be willing to pay the bill for it and if he hasn't even set up a protocol for it to be offloaded to other people, including the artists.
I'm sure each of these artists that have made a lot of money off of these collections would be willing to host them themselves on their own websites or even put them on chain somewhere.
That's not the problem the problem is that nifty hasn't even given that that those ownership
rights on the contract level over to the artist or over to another entity to continue hosting them
or to continue some sort of like protocol for for actually making sure that's crazy i don't i don't
know go ahead i was gonna say it's a bit complex, too, in that, like, there's like a consensus, I think, that could be missing in terms of the people that own the art, air quotes, for those who can't see me.
You know, on like a centralized database that says like, OK, Lumen owns this piece.
owns this piece and then if i'm not around at all and that goes back to artist a then art it's on
artist a to somehow give me custody of that work because i was the owner before this shutdown
happened and then what happens to because i don't know if every single artist is active
too right what what i think is really weird though is that gemini still
has nft custody services what they could have done is say okay nifty gateway shutting down
we have nft custody services we're just going to move everyone who had an account on nifty over to
gemini custody service and then they can take their time to do it the fact that they're like
okay you only have a month to do it and like people can't even
get into their stuff into their accounts now like because there's problems with also like
withdrawing um nfts it charges you a fee per nft withdrawn and if you don't have eth in your wallet
on nifty then they like force you to dox and basically do a whole lot of different forms and whatever, and also pay via credit card.
They don't even have the ETH option anymore.
And I've seen that it's impacting folks that are not in the U.S.
Is that correct? Did I read that right? I don't know if you know more.
I think Post said, I'm in Europe. Why am I doxing myself for some kind of U.S. law? This makes no sense.
said like i'm in europe why am i doxing myself for some kind of u.s law like this makes no sense
yeah i saw it i saw uh uh odg farmer was complaining about that as well it's like this
form doesn't even apply to me like i i'm not i'm not a u.s resident this doesn't yeah it just maybe
i'm gonna hold out hope the optimist in me will come out and say they've created this sense of
urgency they want everyone get their assets off there by February 23rd.
And then instead of just hard shutting the thing down, the step they'll take then is
migrate the stuff to Gemini's hosting, maybe.
Again, I would not count on that.
If you have assets there, get them off.
But hopefully that's the route they go is instead of just, hey, these are going forever.
We're going to move them over here and
you need to reach out if you want them off i don't know lifo fifo is a uh the founder of wizards of
ord outer i'm not sure it's it's not feasible to put this all on bitcoin unfortunately not
you can't put videos and whatever on bitcoin even if the sat fees are really really low right now
it still doesn't make sense for some of them right pointed to somewhere like get based on
bitcoin's restriction it's there was still have to be pointed to somewhere like it's not it's not
all possible so this is a like what are your thoughts being deeper in the art scene and the
ordinal scene i mean is this a valiant effort?
Is this a nothing burger?
Like, I mean, applaud the effort, but it's not really the solution.
Might it be a solution for some, I guess?
This nifty rescue?
Yeah.
Like, on-chain art does fix this, but on-chain art isn't the solution for all of this art.
Exactly.
Yeah.
Well,
I don't know.
And there was some other,
I'll just say drama that hit the timeline yesterday.
I think we're going to skip over that today.
One other thing while I'm still up here is I just got back from San Francisco.
I went to the punks opening at the node foundation.
We actually had some people asking if we could get someone that was at the
node foundation opening and I didn't know where it is. You're out there.
Tell it, tell us about it. Take, take the mic. The floor is yours.
So it was pretty really like, it was,
it was really awesome how people came from all over the world and like people
that you wouldn't normally associate with like docking themselves who wouldn't dox themselves were there under their punks.
And it was cool to actually meet like fellow punks.
And like the way that they set up the foundation is that like everyone
still has ownership of their own punks,
but they own the punk IP now.
So they're able to host events like this
and um there were like over 400 500 people that showed up people was doing um his prints from his
uh diffuse control and you had like performances on on uh two or three nights so i mean it was nice also to meet mickey malka and
like i don't know i think like as as a it was it was interesting to have the nifty gateway happen
like friday and then friday night have have like the opening of the punks event so like there was
they really didn't miss a beat in terms of like moving on from the nifty gateway drama and like
it that wasn't really the focus of the weekend the focus of the weekend was punks and it was
cool to see like even good vibes club um went and bought a punk off the floor and they got a really
nice punk um through their through their vibe strategy um so it was cool to see like that community also
um getting involved and me that's also had some events there so yeah it was it was a nice event
overall love it i saw this is from nate alex i pulled up here on the screen so sooner or later
he took a picture from the event so sooner or later people will realize that the program
programmability of nfts is by far the most interesting feature. As you walk into Node, there are three large screens which show the CryptoPunk smart contract,
the execution of a simple idea that allows collecting and trading of unique digital assets
with no intermediary. This idea has now been copied tens of thousands of times in every type
of objective animal. And collectively, we've become brainwashed to think that that is what
NFTs are. This would
be like the iPhone never moving past the beer pouring app. Ethereum is our app store in nearly
endless possibilities. What makes it so powerful? The punk creators knew this. Node Foundation knows
this. This is the future of art. And I saw a lot of other good know in good takes from out there uh you mentioned the the uh good vibes
club that bought this punk while they were there i think i think they bought it out of the
punk strategy vault if i'm not mistaken uh them obviously leading into the nft strategy token
and uh yeah just a lot of a lot of good feedback, fun experiences.
You mentioned Mickey.
Mickey's the one who purchased the CryptoPunks IP from Yuga back last year, I want to say.
And there's an OpenSea post yesterday talking about, it's actually an interview with Snowfro talking about what Drew Monchain, what CryptoPunks meant to him, and how those ideas inspired the creation of ArtBlocks.
I'll pin that up top if anyone wants to catch the snow for an interview.
But one of those things, like I don't own a punk.
A V1 is on my list someday.
I actually saw there was a V1 zombie that sold for $50,000, $60,000 yesterday on Gandhi,
the Buy It Now feature.
Gandhi is one of the leading NFT-Fi lending
protocols, and V1's
getting some love there. But
yeah, someday I would like to
grab one of those
and not that that'll get me access to
I guess, I mean, reality is, I think
that was just open to anyone. You just had to register. I saw
there was a big, even
a big Nakabito's contingency out there as well.
So two,
two interesting things about that.
Yes,
it was open to anyone you could register,
but I also,
I have a V1 punk and I got access through my V1 punk and they gave me a
card with my V1 punk on it.
And I thought that that was really interesting also.
So I don't know if that's the stance that note is taking or if i was a one-time exception but like that was the cool
thing to experience also and they literally had a thing where you put this card into
a slot and then it populates the screen with your punk on it that's pretty sweet that's pretty sweet
um yeah dort did confirm they brought they bought gvc
bought the bought it out of the punk strategy vault and someone will win that punk via a gvc
badge driven rewards program imagine what these nft pfp collections can do if they
are generating royalties like good vibes club has generated nearly two million dollars since they
went live last march generating more royalties than pudgy and yuga combined uh over the past 12
months even though they haven't been around for 12 months yet uh they just bought a punk and now
they're going to give that punk away alignment it's a magical thing doesn't always mean free
magical internet money but um yeah wow uh imlo appreciate you sharing anything else uh
about node or or nifty gateway you wanted to share why i got you on the stage um just like
showing up for irl events are are worth it especially since like nft paris was just
canceled i i thought that this was like an important experience i think the next one is probably like nft nyc and also
nfc lisbon um both of those like i think are going to be interesting because like there are
not that many irl events that happen um anymore so i think the ones that are happening worth
showing up to i agree this is probably the most selective so far i might change but right now it's probably
the most i don't have any events planned i'll assuming they do eight fest i'll do eight fest
this year i've considered a few others i thought about nft lisbon i'll do consensus it's also in
the miami one because it's a short drive for me yesterday someone mentioned south by southwest
something that's as a tech nerd,
I did make the pilgrimage to CES
over a dozen times in my wireless
and phone repair career.
I never made the journey to South by Southwest.
It's always like, oh, I want to do that this year.
And something always came up.
There was always something else going on during that time.
I might attempt to swing a South by Southwest.
Bitcoin Vegas.
Bitcoin Vegas.
I was going to ask, what are you,
do you have anything that you're doing for sure ask, what are you, do you have anything
that you're doing for sure
or what are you considering
in terms of in real life events, Otter?
Maybe,
maybe Lisbon might be fun.
But I don't know.
I have like,
I have a very specific thing
that I would like to do
that is taking the most precedent
for me for this year for travel,
which is seeing a third
total solar eclipse
in totality in August.
Okay.
Where is that at? Where's the travel taking you?
That one you could see either like very north of Iceland or like amazing, like Southern islands in Spain. I'm going to do the Spain thing, I think, because that is going to be special
because it's actually, the sun's going to be eclipsed by the moon while it's setting.
Cool. It was going to be at sunset. So it's going to be pretty cool. So like, yes, I because it's actually the sun's going to be eclipsed by the moon while it's setting cool yes it's gonna be at sunset so it's gonna be pretty cool so like yes i know it's not related to any web3 things but like as a number file i think i i think i'm gonna like die happy
knowing i've seen three total solar eclipses in totality so like i have to have like this has to
happen for me but lisbon one's appealing. I think that'll be a really,
a really fun event.
Also there's like art.
Go ahead.
I was going to say also there's like art conferences going on that are like
more around tech or science art or those kinds of things that are like
tangential to,
to NFT art,
but not necessarily like focused on NFT art that I think are really
interesting as
well.
So I might check some of those out.
Yeah, same.
I consider doing the, I'll probably do Art Basel as well in Miami, but I also consider
doing the OG Art Basel in Switzerland.
I've got a friend who's actually leading their efforts there.
When is that?
Good question.
I'm going to be in Switzerland in March.
So I'm like, wait.
It is...
It should be this hard to find.
Art Basel in Basel is June 18th through 21st.
So you could almost double dip if you wanted to do a European vacation in June.
NFC Summit in Lisbon is
early June.
Art Basel in Switzerland's mid to late
June. Have they always called it NFC
Summit or was it NFT? I like the branding.
I like NFC much better than NFT
Conference or NFT Lisbon. Has it always been that?
It's rebranded, yeah,
just to make it a little bit less
NFT related, yeah. I think it's smart as well.
Smart. So yeah. Maybe i'll see you there emlo
you might have lost emlo but yeah emlo appreciate you jumping up appreciate you
sharing and yeah let's let's do it let's coffee with captain coffee at uh in switzerland this
year it'd be fun uh let's let's uh let's book it let's get it done a couple of other things real
quick i want to get into this hyper liquid discussion.
I do want to talk about BlackRock's premium ETF.
Before we move too far away from the market,
I just, as we're bounced around though,
I caught a couple of things.
As I mentioned, hyper liquid up 20 plus percent on the day.
Pump fun up plus 20 plus percent on the day.
I also noticed banker coin.
The banker bot coin is up 55% on the day, up 31
million. There is a few others that are up pretty big. And White Whale was the other one I was
looking at. It's up 27% on the day. And more so than the actual tokens, I saw yesterday on Pump
Fun, there was over 300 tokens graduated, which was the most
in a single day in over six months. I'm not saying the trenches are back. I'm not a big meme coiner,
but I'm getting, I'm getting, I can't explain it. And I know Crocs is going to make fun of me.
I think we might be back. I'm getting the spidey senses that we might have bottomed.
There's also a lot of charts now on the timelines that the Bitcoin bottoms in.
Whether you look at the cycles relative to gold and silver, the metals have topped.
You're going to see the rotation into Bitcoin now.
There's a lot of supporting charts and data that says we're back. I do not,
this, you know, never join us for financial advice. I'm certainly not financial advice
because they would never advise you to do what I did last night. I opened up a 50X long and went
to bed and woke up feeling good. And it's still like chopping. I just, I think, I think we might be entering, we might hit like, February could be exciting on all fronts.
I think we might see majors really start to cook.
Hyperliquid, this, I'll just, good segue into Jeff's post.
Jeff, the founder of Hyperliquid here, had this to say.
And I think Binance is losing some market share. Hyperliquid, I think, continues to grow. Someone else said Hyperliquid has become the on-chain TradFi equity decks. And I don't disagree. Jeff says, Hyperliquid has quickly achieved an important milestone of becoming the most liquid venue for crypto price discovery in the world. See below for a side-by-side comparison of BTC perps on Binance and Hyperliquid. With
And I think Binance is losing some market share.
Hyperliquid, I think, continues to grow.
HIP3 teams leading the way, Hyperliquid has also grown to become the most liquid venue for perps
on TradFi assets. Thank you to everyone's hard work as we upgrade the financial system and house
all of finance. I'm not saying this is why Hyperliquid bounced on the day. I'm not saying
that that has anything to do with Pump fun running up 20% on the day.
We haven't had a hundred million dollar runner in,
in the meme coin trenches for a long time.
And then that penguin,
I don't know where penguin is at today.
It probably pulled back,
but it,
that penguin meme really took off over the weekend.
It just seems like I,
I know this anecdotal,
you know, caps, caps vibes. It just seems like, I know this anecdotal, you know, Caps vibes,
it just seems like we might be getting out of this chop
and actually into some exciting time to be trading on chain.
Outer, I know you're probably not the big into the perp dex world.
Thoughts?
Am I crazy to think we might be getting some,
some rotation back to on chain and some exciting moments as far as our,
our numbers are concerned?
Oh my God.
I have no idea.
Like I,
I'm could not care less.
I don't know what it would take for me to start.
Like,
like I just,
I'm happy for whoever wins,
but I feel like in what I can give my attention to,
if it's choosing between like art
and what new artists are coming out with
and like being like on the art side of Web3
versus like the meme coin or like trenches of Web3,
I choose art.
And I can't do both. Like there's just not enough time in the world for me to do that also like i just don't know if i have the
like it's very much casino right i don't like just enjoy that kind of gambling like i like a reveal or like like like it's got to be gamified more
than just number go up or down and that's it pure purely for number go up or down i agree i enjoy
the same thing i enjoy the reveals i enjoy more than just looking at charts and drawing lines on
charts and opening up leverage longs or shorts.
By the way, Penguin, that Penguin meme is down to 83 million.
Still, for a meme that was created 10 days ago, not too shabby.
But where I think for me, the excitement pours over.
I do a little dabbling in the perp world, but more so than memes.
But I think it brings attention. I think it brings eyeballs. And I'm not saying we have another 21-22 run in NFT art or digital assets. I don't think we'll ever have anything
like that again. But if we do see Bitcoin and ETH turbo send and we see Hyperliquid cook to
all-time highs, we see hyper liquid cook to all time highs.
We see more memes take off. We see things like Del Mundo was a free mint right up to 0.3.
I think it could bring more excitement and attention back to digital art, back to NFTs.
And I mean, liquidity matters more so than number go up. I think it could bring another wave of active participants, artists, builders, creators doing new things on chain.
Right. And that gets me excited.
Maybe it is pure hopium.
Maybe it never happens.
And you're probably taking it the right approach.
You collect things you like.
You collect things you want to collect.
You do things you enjoy and aren't concerned about who got liquidated today.
I think that if we get another NFT season, digital art season, whatever we're going to call this one, maybe it's different than the last time. Maybe it is more pure in the sense it's not a bunch of, oh, there's 14 mints today that are,
you know, let's go DGN into a bunch of free mints just so we can flip them for more,
but rather more bring back experimenting on chain. Even something as simple, like we opened up the
show talking about merch and gated merch drops. And while that may seem like basic today, like
it didn't exist before this one or the one before, you know what I mean? Like that stuff was in 21, 22. I think what excited me the most,
actually I can say that the numbers going up crazy numbers, that was exciting,
but it felt like every month, if not every week,
there was something novel.
There was something brand new that we just hadn't seen before.
The teams were experimenting. They were doing things on chain.
They were using the technology.
And we kind of shied away from that.
And now we just don't see much new stuff as it relates to the on-chain tech.
And I think as attention and excitement
comes back into the space,
it might lead to more experimenting
and seeing more new stuff.
Maybe we'll get my board games on-chain.
I was going to say, it's almost like the space ran out of scratch or something, right? Like there's no... experimenting and seeing more new stuff maybe we'll get my board games on chain it was gonna
say it's almost like the space ran out of scratch or something right like there's no
but i think like i think to your point it's everything was novel and it wasn't accessible
like not every single person in 2021 could just like put out a 10k and like hype it up enough even though already like the hype gods
were with you at the time right like like enough stars had to align that like the right project
got like a little bit of of of levi because of how many things were dropping but even in that like
it wasn't that it got to a point where more and more and more and more people
could do the thing.
So I think there was a big shift in only if you could do this.
And so if you're in on that club,
you might stand to profit from it,
at least in PFP culture,
like,
which is what I'm referring to versus like,
it's pretty easy.
Like,
I think like if,
if you wanted to launch a 10 K by the end of today, you could do that.
And so that novelty wore off.
Like, what would be, what could possibly be exciting?
And then it's the same, like, tailors all this time.
Like, is it a roadmap?
Yeah, then utility.
You know, like, the, don't say the word utility like what what do you get so
yeah i don't know it's kind of why like the whole emfer thing appealed to me a while back too just
as much as like ip-driven stuff because it was also this like just nonchalant like you know you
know nobody cares if you own one or not like it's up to you like there was something that was
interesting about that and And I don't know
what that new meta is that blends
culture a little bit. Because
everybody PFPing their stuff also
added to this. And
PFPing
meme coin isn't the same.
I think my other point would be
in the
last two years, are there that many new people coming into the space or is it just the same
crew of people that are here?
You know what I mean?
That are just like pivoting and moving from opportunity to opportunity to
opportunity.
And so I don't know what that new opportunity looks like.
And I think it will change and evolve.
And hopefully it'll circle back to something that, that I find interesting, at least for me.
But so far, the things that it's landed on, I'm not just as interested in because I have other things that I can do with my time.
I hear you.
And for some people, it's like they're fully in and I love looking at their wins and their takes.
And I think it's great.
And I don't need to be an early adopter of like,
like a sub early adopter,
like already being an early adopter to crypto.
I don't need to like sub early adopt some of these things that people are
experimenting on that.
I just don't find enjoyable.
And I think like that's,
and some people do,
if you find that enjoyable,
then by all means,
and maybe there'll be more uptake like
you know who knows but like i don't know when we're gonna see a moment where like you know
jimmy fallon's gonna have a picture of an ape with parasylton like i i have no idea but like
that stuff was wild like that was just like a whole other level of, of madness that like, you know, I, I, I really don't think like meme coins are going to get in that same way.
Usually it's,
it's,
it's like,
it's,
it's,
it's a negative sentiment if they make it to the,
like,
you know,
there was so many signs that we talked.
There was so many,
so many signals that we were,
we had to go topped and,
some of us got excited.
It just led to euphoria instead of,
Hey,
I should be taking some chips off the table here.
If Jimmy Fallon and Paris Hilton are showing their apes off,
yeah, the signs were there.
I'm going to step away for maybe 60 seconds.
While I do that, I just saw something interesting I was not aware of,
but since we were talking Magic the Gathering earlier,
did you see that Hashbro is being sued by its own shareholders
for printing so many Magic cards, destroying the long-term value of the brand.
This is interesting.
Comment on that if you like.
Feel free to get a review in any other direction
and I'll be back in like 60 seconds.
Yeah, no, that's fine.
Oh, this is wild.
I have not seen this.
I'll just read the post.
Yeah.
Oh yeah, destroying the long-term value of the brand.
That is so interesting.
I mean,
I don't know.
I got really excited about the recent Avatar,
not Avatar,
the movie,
Avatar Aang,
the airbender and that entire series,
just to be clear.
yeah,
they,
Magic the Gathering.
And I mean,
maybe,
maybe this is interesting about this idea of like,
so many magic cards destroying long-term value.
Is it because of all these partnerships?
I don't know.
There's still pretty rare cards that come out.
I'm always excited to have a magic pack.
But there's also a difference between thinking about like,
the idea of collecting these cards versus the idea of ripping packs because you're looking for certain abilities because you play Magic.
And maybe Pokemon has a similarity to it too.
How many people that collect Pokemon cards that are collecting them for value then play Pokemon as a game?
I don't know.
I'm wondering if there's a difference between that.
I collect cards
for Magic the Gathering to play
with more than anything
because I enjoy the game
itself.
I have some old cards
from
Divide had a high school deck
and there's a couple of things that we found in
there that are like you know not the blue lotus super valuable card but definitely some um but
yeah i don't know that's there's definitely an interesting uh like is there such a thing as
as too many cards that's that's kind of funny um do you guys think... I'm curious to know if anybody listening thinks that there will be like a board game Web 3 meta happening.
Because it's also something I believe could be probably like coded in a day or two and released just to see if people care.
But I'm wondering if there's a shift in like pandemic, I think exacerbated the need for like online board gaming
but nowadays that's not
as important. I'm roping this back
into like asking anybody in the
audience if they think there'll be like a
board game Web3 meta
and what that looks like. It's definitely
interesting.
I'm not going to go down the virus
path but someone in a
text group chat today talked about this new virus and I'm not sure to go down the virus path, but someone in a text group chat today talked about this new virus in,
I'm not sure where it's at,
but.
is this the one in India?
Nipah virus,
something like that.
Yeah.
And they,
they were like,
brace yourselves for a pandemic 2.0.
And they go,
is there a Koushi on this?
There's no Koushi,
but there is a poly market says there's a 16% chance that we get another
pandemic in 2026.
So do with that information what you will.
Not from that virus.
It's so funny how this information gets skewed.
This virus has had outbreaks happening
almost annually in regions,
but it's not like an airborne virus.
It's pretty labile, meaning it doesn't survive
as well outside't like, it doesn't survive as,
as well outside of like,
you know,
it's like a droplet virus.
It seems like more than anything.
So yes,
it has a mortality rate that's fairly high,
but also like generally,
like if a virus is going to be that severe,
it's like,
it's not as spreadable because it's,
because you kill the host before it has... Like a perfectly spreadable virus
is one that you're going to slightly feel crappy about
on the plane and give it to the 400 other passengers,
not because you die in three days from it
and you don't make it on the plane
to transmit it everywhere else, right?
Like there's like a biological system at play here.
And the worst ones tend to be not as transmissible,
but there is definitely like a pandemic graph of like transmissibility
versus like,
you know,
how deadly something is.
And this virus,
if you look at the Wikipedia page and its occurrences,
it's been going around for like,
for a while. Like this, this is not like new the Wikipedia page and its occurrences, has been going around for like for a while.
Like this is not like new.
This is not something that like there have been many cases of this over and over and over.
And the survival rate, depending on the various outbreaks, has been pretty different, too.
Like there's been there's been one somewhere I read that was like it's like the death rate was only maybe like 10 percent or 20.
And yet somewhere else, it was like 90% of the people that got it died
in that little outbreak.
So all these micro outbreaks are not even like
giving a true definition of what the mortality rate is,
which is why the range is like so, so high.
I don't know.
Or not so variable.
I'm not surprised that you are well informed on this.
I have to ask,
are you in this in more life group chat?
Because I kid you not,
when someone said that,
then the first response, I'm just going to read it
because it's almost verbatim what you just said.
They're like, it's not a rapid spreader.
One, transmission is inefficient,
does not spread easily through air like COVID or measles,
usually requires very close contact
with bodily fluids, outbreaks burn out
instead of exploding.
Two, symptoms appear quickly,
people get sick very fast,
that makes cases easier to identify, isolate and contain.
Three, geographic is limited. Almost all outbreaks have been in south in southeast asia linked to
specific practices like raw date palm sap contaminated by bats for no silent global
spread covid spread widely before people knew they were sick nepa doesn't do that at all so
yeah is that you i don't have this person's phone number saved but that is not me but that is really funny yes
that is exactly pretty much verbatim the situation on this virus it is not one that like
unless you're traveling somewhere where you might come in contact with it this is really not
like something the worst virus in north america i think is just an influenza strain that has been
pretty rough i think i think it's even worse than than covid was this year but yeah i don't know
it's uh oh i mean another pandemic could create another nft run everybody was bored last time
definitely definitely played a part in it i think the um metaverse part for sure you know like
anybody who was like not a frontline worker and like actually
had real life stuff to do and like was heavily involved in like participating in a scale i can't
even imagine to to the extent of like working at the grocery store working at whatever central
services like that was it was either that or you literally were like okay um where do i hang
out with my friends you know like if you're a kid or whatever like or or how do i remotely work now
since i can't go into the office like it changed so many different things but also was primed for
online gatherings and zoom creative calls and all of these things that just like flourish into like this online existence. And 2021 was exactly a year into the pandemic where I think people were primed for like
a digital renaissance, if you will.
Yep, for sure.
For sure.
One other flyover topic before we'll wrap today's combo with this big Bitcoin news.
I mentioned REC drinks sold out in 60 seconds again yesterday with their most recent drop.
This was in collaboration with X Games.
There is some actionable PSA here.
This current season of REC rewards ends tomorrow.
It ends on Wednesday at 1 p.m. Eastern time.
Please ensure you've redeemed your orders
and connected your ETH wallets.
I'm saying this to myself.
Don't forget this.
Don't leave free money on the table.
Go get your rewards.
And if you live in Ohio, Pennsylvania,
or any of those Midwestern states that have Giant Eagle,
you can still, there's an arbitrage there.
You can still go buy a case of water for six bucks
or something and get almost double
that in uh wrecked rewards but take advantage of the uh the rewards program uh it's part of what
makes me so bullish on wrecked is uh this this next gen loyalty rewards program and how they're
how they're navigating it uh exciting stuff big big news this week coming out of x games not just
with them but also the three-year moon pay partnership with x games and the x game and i said that was the last piece of
flyover i do have one other one i just saw it popped in the trending the trending x are you
familiar with higgs field ai no what's that so it's a it's an ai powered platform it's it's an AI-powered platform. It's not, I don't think they have any on-chain components.
It's just an AI, they have AI creators.
They're the ones behind some of the AI personalities.
They call it the ultimate AI-powered creator for platforms.
Apparently, it started DMing some crypto creators looking to partner with them.
I don't know what they're doing, but
sorry, didn't mean to show the boobs
there on screen. At least they were
somewhat tucked away.
Yeah, this is
maybe more to come from this.
I think it is
I just, it's going to
be really interesting how
It kind of has Sora vibes to me so far.
Yep.
It's going to be really interesting how... It kind of has Sora vibes to me so far. Yep. It's going to be really interesting to me how AI creators and creators using AI and human creators,
like this intersection of content, I think all brands are going to need to be in the content space.
It's just how much of that is human? How much is AI? How much is humans working with AI? And I do think that blockchain tech is at the intersection of all this because while some people may not care, I think some will. And I think proof of human, I think, is going to be a very real thing.
And not saying all humans can't use or leverage AI.
They should be.
But specifically when it comes to content creation, I think it's a really, really interesting time.
And I don't know how it's going to play out.
We've had some conversations about business opportunities in the content creation space.
And there's some content or some talk now about these agencies and, and X is coming for them next after they just went after, you know,
InfoFi is actually, I think it was Emilio had an article.
I'll pin that up top. If anyone wants to read that in, in full detail,
I can find it.
Have you played around with the Substack app?
The video app?
No, I didn't even know Substack had a video app.
Yeah, they did.
They launched, I think, maybe last week or the week before.
I can't remember, but it's kind of...
I don't know.
Just have a look.
It's interesting.
I can't quite tell if it's something people are going to pick up on
and really enjoy, or if it's something that people are just going to fade and
it's just going to be like irrelevant.
but yeah,
I'll check out Higgs field.
I was definitely,
on Sora when it first started.
And I think like what I rather scroll through Tik TOK versus Sora in terms of like video content?
What I find is interesting is it really does come to this like taste is the new skill kind of thing.
And so I really, because it's obviously AI on something like Sora, what I'm interested in is like, is something super clever that like I didn't think of, you know? And I like those kind of pieces of content where someone's idea just kind of nails like a concept.
You're like, oh, that is really funny.
Like whoever was like barbecuing a Pikachu or whatever, like just like it's dumb, but it's funny, right?
Like when you think about like, okay, someone thought of that and created it.
And then it like, you know, took off because the idea of like placing a Pikachu on the barbecue is just so, so silly.
So that's interesting.
Whereas like its uses for things that aren't clever.
I don't know.
I don't know.
It doesn't,
it's not as valuable to me as like watching people live stream on TikTok and,
you know,
doing whatever they're doing.
And some of those rooms are very interesting.
Like if a person's just literally talking about nothing,
it almost feels like a Twitter space,
except it's on TikTok with like the seven people hanging out in there.
I don't know.
One other thing that I've been like keeping up with
as like an artist and a creative
is while I'm deeply in like AI trenches
that I'm personally interested in,
I've also been like scaling up
some of the like physical art abilities that I have
just because I think it's like relevant
to your point of like
proof of human like I recently I used to really like oil pastels but I never like took it like
in a way that's crazy and I recently learned how to like oil pastel stuff like this oh wow
maybe wow and this isn't even great like I don't I haven't even blended this properly but just like
I wanted to learn how to do like space stuff.
And so I watched some tutorials on how to like actually like do proper oil pastel space.
You know, I'm not doing like a ton of it.
I maybe have some interest in why I'm doing this beyond like just having the physical
skills, but I just feel like, yes, I could make this with AI.
I get it.
But in this proof of human,
there's something interesting about having like a physical piece as well
that it's like not a print.
It's like something I've made.
So yeah, I don't know.
But it's not because I'm like not AI forward.
It's actually both.
It's like the more I'm learning how to use
Cursor and Lua
and explore
Roblox game development,
the more I'm also like, what if
I did something by hand and
skinned that and put that into the game?
Now it's like hand-drawn
meets aesthetic.
I do
like that combination, that like merger of like at the like
the intersection of what it means to be human and what it means to use ai i think creatively is where
where i'm at wholeheartedly agree i think a i am genuinely impressed like if you've never painted
with oil or know anyone that's painted with oil it is very challenging requires a lot of patience, and it is a very difficult skill set to not just master, but even to get the basic fundamentals down of it.
And I agree. and art, et cetera, proliferates the world, I think it's going to drive an increasing demand
for real physical goods, real physical art.
Like the human touch, I think,
is going to become increasingly in demand
because the AI stuff is just going to get so diluted.
It's going to be everywhere and anyone can make it.
And I think it could, in a roundabout way,
create almost like a renaissance of real world physical art. And
yeah, some of that I do think could and should be on chain, but I, I, I'm very bullish on both
the physical art with a digital counterpart or, uh, that physical art being authenticated with
an on-chain component. I think using the technology to make the physical art better is,
is where we're heading. And yeah, I think, I think human generated stuff,
in particular art, I think could, could be a boom, not be,
not be killed off because of AI art.
I agree. And I think it's interesting to think about like, you know, like blockchain, like just bear down to like saying like Ethereum has been used as a gallery when it's in a marketplace.
the art but there's something to be said about maybe removing even that part of it and then
having an artist just be like yeah well the way you buy it is actually you buy the physical first
but then like the the digital component is secondary to that to give you custody ownership
of something or some kind of representation of it but like we've always at least in this space
have gone like web three first and that like, you know, we're throwing like blockchain solutions that maybe problems that exist, maybe don't and exploring it. questions like well what use would blockchain tech and its databasing immutable immutability
like what is it that i want to pull from there where it's not being used as a medium to explore
like contract-based interactions or whatever like what what other way like could this ingrain into
my art practice not only where i create image i mint image collector buys image. Like, what value added is there to my art practice
to introduce any blockchain components at all?
So I don't know.
I feel like that's, I think it's similar with AI too, right?
Like, is it a medium for my work?
Is it like my business partner now?
Because you can rock residency applications as an artist
and have a social media. The business of art has now opened up. partner now you know because you can you can rock like residency applications as an artist and
have a social media like you can you the business of art has now opened up you know like with with
ai allowing you to totally rock like the business and marketing side of your art whereas before that
was more difficult like it doesn't it doesn't mean that if you're like if you're an artist you may not
be just like using AI for art creation.
You could be using AI for art management.
So I don't know.
There's a whole tangent to consider there.
But if I'm a painter and I don't know anything about Web3, what would be the value added for me beyond taking a picture and minting it
what else is there yeah i think that's that that's the question i'm not going to claim to know the
answer but i that's where i get excited about if we get another a resurgence of digital art nfts
is like more more creative minds come together and hey what can i how can I unlock more with this combination of the creative physical world,
the on-chain tech piece, and AI is going to be a part of that as well.
Two other, one more headline and then we will wrap with the Bitcoin ETF news. Tether just announced
the launch of USAT, the federally regulated dollar-backed stablecoin made in America.
This is big news from Tether because the Tether versus Circle conversation is, Circle is federally regulated.
It's one-to-one back.
Tether is kind of more of a black box, has been previously not federally regulated. Now they're launching their federally regulated counterpart, which, you know, the whole
Made in America thing, probably more of a trying to curry favor with the administration than
anything, but the fact that they now have a direct competitor to Circle in that regulated world. So
interesting there. I'm not sure what it really does, but stablecoins and payments and using that side of the blockchain tech world is certainly an area where it just makes things better from transacting and unlocking more that you can do with your dollars than you can off-chain.
that you can do with your dollars than you can off-chain.
This is the big news, though.
This is a post from Eric Balkuna.
It says,
BlackRock just dropped the official S1
for its upcoming iShares Bitcoin premium income ETF.
No fee or ticker yet,
but the strategy is to track performance
of the price of Bitcoin
while providing premium income
through an actively managed strategy of writing, selling, call options,
primarily on iBit shares and from time to time on ETP indexes.
Not my area of expertise per se, but what I would say is this is kind of like,
This is kind of like, it's not Bitcoin staking, but it's a Bitcoin ETF that while it will track the performance of the actual Bitcoin price, they're going to be generating yield by not saying it's going into DeFi, but I'm trying to make the analogy here of it's essentially an ETF that is going to use Bitcoin and make it a more productive asset where it's not just the ETF is just Bitcoin and it trades lockstep with the price of Bitcoin, rather actually make money on the volatility of Bitcoin. And therefore, theoretically, if it works, this ETF could outperform the regular IBIT
ETF could outperform just Bitcoin by itself.
Interesting.
And I think probably the bigger news is it's BlackRock, one of the bigger fund managers
in the world, and just doubling down on Bitcoin, which has been their most popular profitable product of all time.
So I think it's exciting for the space.
Kind of my earlier point of attention, liquidity, there's a trickle-down effect through all
things on-chain when more and more dollars get into the ecosystem, whether it's directly
on-chain or in a SACS or by way of an ETF like this. It may not
happen immediately, but I think this is all positive news. It's all more tailwinds for
everything we're doing here on chain from meme coins to art to boomer Bitcoin. It is a very
exciting time to be in the space and i remain extremely optimistic for 2026
it's still q1 we still have time q1 or q5 if you're a fan of the burb uh and spencer regime
uh soonish uh is coming tomorrow so yes go get ready for your Burb launch.
Plan how you want to attack that.
And it'll be interesting.
I don't know if we even have a time yet.
I did just post up top.
Actually, we do have a time at least
for trading on KuCoin.
Per KuCoin, what is 1300 UTC?
Is 8 a.m. Ooh. what is 1300 UTC is 8am
wait what
trading for
verb
goes live
maybe TGE
sorry my daughter just powered through.
I do not disturb.
So we're wrapping up.
So I'll finish this thought here
and I'll give her a call back.
But yeah, Burb is going live tomorrow on KuCoin.
So presumably the actual TGE
might take place before that,
but it goes live at 1300 UTC time, which translates to 8 a.m. Eastern time.
So they're kicking it off, going for that coffee with Captain Pump tomorrow.
There we go.
If you are wanting to trade it, KuCoin is one place you can trade it.
There's also, it looks like rumors, some screenshots, they might be going live on Binance and potentially Coinbase as well.
I mean, I guess now that you can trade Solana coins on Coinbase that will be live,
whether it's an actual listing or not, to be determined.
But it says,
Birb powers the Moonbird's digital collectibles ecosystem.
That's maybe the first time I've seen that language.
Connecting digital assets with real-world products
through commerce-backed utility and gaming integration.
This is actually, this line, this from KuCoin here is more we've gotten out of Moonbirds, I think,
as it relates to this token and what it might be for.
Maybe that was AI created.
Probably. Probably.
Deposits open now for Sol SPL, Paris, Burb, USDT.
And you can see details
in that announcement I have pinned up top.
Outer, any closing words, any final thoughts?
Anything we didn't hit on today you were hoping to talk about?
I don't think so.
No, I think this is good.
I mean,
I really hope that in 2026,
when we have this conversation
on a Tuesday this summer,
that there would have been some
really crazy thing that
we didn't anticipate that
was as
monumental as, I don't know,
Ethereum coming out or
something. I want something big for
2026.
It's going to be the mega ETH launch.
No pressure,
Brad.
Nice.
Nice.
Nice.
With that,
I truly enjoyed the conversation.
We hit on,
I think everything we had on the agenda,
the, the,
the docket,
but also some other fun trips down memory lane,
as always talking some fancy merch and whatnot.
But,
if you,
if you enjoyed conversation with Outers, don't miss us.
We're live every weekday at 8 a.m. Eastern time.
Outer is joining us on Tuesdays.
And with that note, we both hope you all have a wonderful, wonderful day, everyone. Thank you.
