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Blind Boxes & Polymarket’s L2 = end for L2s? Coffee w/ Captain #1,057
Recorded: Dec. 22, 2025 Duration: 2:04:43Space Recording
Short Summary
The crypto community is buzzing with the launch of Nobody Sausage's innovative blind box series, integrating NFC technology for ongoing rewards and partnerships with platforms like Other Side. This trend signals a shift towards more engaging NFT experiences, as projects explore new ways to provide value and foster community involvement.
Full Transcription
I got a name for the professionals.
Started off with a bitch, now I got coin.
See where y'all goin'.
Been poppin' 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, top in 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 goaded when I got my G, 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 the keys, boy.
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, whip blast.
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 soar.
I'm a bird type view.
I'm on fire, Ricky, Bobby.
Cracking the pavement, Whitney, Bobby.
I'm a sake bomb, Hiroshima, Nagasaki.
Bruce Wayne been a dog, and I keep it 101,
cause I'm feeling kind of spotty.
Sipping on some rock, and I'm sipping on octane.
The only thing around my neck is the black twin, bitch. Now I got out. We'll be right back. Orlando, yeah, we workin' magic We rockin' Ethereum in her teeth I just went and copped me a half bass
Man, I gotta shout out the 40
Now I got coin
I see where y'all goin'
Been poppin' since Web 1
Hella hooked on Web 2
I was livin' the dream
Now I'm on Web 3
And it is what it seems
Toppin' the pyramid schemes
I'm tellin' ya
I'll sell you a percentage on Nebula
Shout out to Vince, yo, set it up
Freakin' them all to choose onebula. Shout out to Vince, yo, set it up. Breaking them all the chores, why?
But they got knowledge to move, son.
I'm shocking in shades with my brother in suits.
Yeah, them blues is coming.
Even though it's hard to pick, any mighty mo.
Solder on the mix, no biting lips, it's time to go.
Index number one, no thumbs up, you gotta scroll.
Looking at the ghosts in studio, it's time to go.
Had a helmet on by myself until I met a mask that wanted to have a face off.
Had to bring my chainsaw full ticket gas and i'm driving my brakes off i'm a one but a different
kind of steak sauce welcome to coffee with captain powered by apecoin where we dive into all things
crypto nfts web3 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.
If you haven't already done so, do a favor. Drop some GM in the chat down below.
Then head up top, smash that like, repost a bookmark on the space.
We greatly appreciate it. Warms up the algo here on a sleepy monday morning our european friends taking the day off and many of the u.s
folks are already on holiday week so we'll be here every day this week monday through friday
at eight as always probably a shorter show thursday and friday maybe audio only to be
determined but appreciate y'all being here. Regardless,
hope y'all having a great holiday week. And I hope the semifinals of football treated y'all
better than myself this weekend. Not nearly enough. Hola, hola, Diego, in the, actually,
the X video chat, as well as Absolute Zero over on YouTube. I'll check our abstractors, Teacher Katie.
Yep, never fails.
Early GM over there.
And Mel back at it with the first GM in the spaces chat.
Congrats to the little ones and their big accomplishments here.
As always, I'm Cap, co-hostless today.
But as always, never any.
Ooh, Diego, we might be fading the Ayakas for Christmas to be determined, but I'm sure yours turned out excellent.
Enjoy.
And I'll get a full, that's one thing I will do Thursday and or Friday morning.
We'll share some clips of the fine food.
But yeah, had a great show on Friday.
Enjoyed a chat with
Funky, who's jumping up. And
as always, never any financial advice in the show. Crypto is risky,
and a tease is risky, meme coins is exception risky.
Note that I might hold tokens I'll talk about
from time to time here in this year. Not a financial advisor, certainly not
your financial advisor. I'll join for that. Just join for
some fun, some information, maybe a little bit
of education along the way, especially
as I plan to
live trade here on the show.
Not even trade, but we're going to go 40X short.
I've got it opened up, the finger hovering over the short button.
We're just going to wait until the experts say it is time to place that order.
I thought I might have missed it because we ran up,
almost hit, might have touched 91K,
and then a little bit of a sell-off.
It's climbing back up again.
But the chat is telling me about an hour and a half after open,
probably, then I heard sometime between like 9.30 and 10 Eastern time
is the most likely time that the Jane street and crew start
dumping on our heads following a feel good pump funky.
What say you should I,
I'm going to,
it's not a big amount anyways,
but I'm going to try to play this Monday morning dump trade this morning and
then close it out.
So two questions,
if the dump happens on Monday morning,
if the funds, if Jane street and crew do sell into the Monday morning pump, when is the optimal time to open the short?
Is it between 9.30 and 10 Eastern? And then second question is, when's the best time to close it? GM, sir. Enjoy the chat Friday.
sir. Enjoy the chat Friday. GM cap. Yeah, no, I mean, that is historically correct. And so far as,
you know, 930 to 10. I mean, I used to day trade equities during COVID. And I learned from a
professional trader. And effectively basically a lot of the big
prop shops and stuff like that, as she used to jokingly say, they all go out to lunch and they
really only care about the close of the day and they come back around three o'clock and get active
again. So that would line up with what you're saying. However, we had some major options expiry last Friday. So we already had a bunch of that gamma kind of wipe off the books when it comes to Bitcoin and this big put wall that's kind of kept the price trap between sort of 85 and 90.
those will expire this Friday, which is kind of like the end of the month close on a Friday
anyhow. So I fully believe that we're probably going to see it, albeit a little bit after
Christmas, some kind of better mean reversion rally to try and get back toward 100K. I think
you're asking the wrong person at the end of the day, right? Because I'm not one shorting out here.
I'm Mr. Permable. So yeah, go for it.
I mean, do, you know, like your beginning said,
you know, do a small amount of risk,
keep a tight stop loss.
So like if it's something where it's going to surge,
then you might want to just make sure
that you're actually protecting your upside risk, right?
Like if it is going to continue to pump,
you don't want to get your short
and you don't want to get upside down or underwater.
So beyond that, yes, I was going to also say two things one thank you so much for friday for those
who are listening to you know coffee with cap this morning and did get a chance i do a show a weekly
show funky fridays and cap was very gracious and came on and did a full hour with me talked about
like life and all sorts of fun things and if you've never seen it on HBO, there's a new show that's called It's Florida Man
and we were watching it last night
and it's a great show for anybody who's watching it.
You only hear the stories about Florida Man
and the titles about Florida Man.
If you don't know the meme,
any of you that are listening,
you can go Google the words Florida Man plus your birthday
and you will see some ridiculous headline
about something a Florida man did on your birthday and you will see some ridiculous headline about something a Florida
man did on your birthday and they're they're outrageous but there's a show on HBO called
it's Florida man and it's a pun because it's like a Florida comma man but they tell they tell real
life crazy ass Florida stories that are reenacted with famous actors so it's it's quite comical but last night cap the one that was on that we watched uh
was actually set in sarasota and it was at a place called manna m-a-n-n-a-t and kava bar and i was
like oh my gosh just talking about this with cap on friday the kappa bar so right you are they extend
beyond pinellas and they're even down in Sarasota County.
But check out the show if you've never seen it.
Wait, so what was it about, though?
Like the specific manatee?
They go – these two dudes meet in this manatee slash kava bar.
Manatee and kava bar.
So it's a non-alcoholic establishment like we were talking about, and they serve just tea and kava.
And that's the name of it, serve just tea and kava and that's
the name of it and he was explaining it and that's the sign so i'm sure people have seen manatees but
they're going to they're going to hunt the skunk ape which is supposedly a florida thing where it's
like bigfoot in in the everglades unbelievable unbelievable i've been there even recently i
popped in um to that exact location i'm guessing there's probably only one of these.
So what a wild coincidence.
And I guess the wild question, did they catch the ape skunk?
I don't want to ruin the episode for those who are about to start watching the show.
But the answer is yes, in some sense.
But I'll just say that they were high as hell on mushrooms when they did so.
Fair.
My Florida man birthday Google search.
It returns.
Robbie Stratton was captured on video bringing an alligator into a convenience store and the beer cooler, claiming he had no memory due to drinking.
So, yes, this is a real true story.
You can – and there's multiple on my birthday.
Florida man arrested on a DUI charge after driving scooter while drunk
and crashing into shelves Sunday at the Walmart. Another one, shocking incidents unfolded. A woman
who worked in a Florida hotel. Maybe I should have read this one first. Yeah, that's not a good one.
That's a sad one. Yeah, this is, if you've never done the Florida man Google game, I do recommend it.
It'll be it's that's like a good someone should turn this into maybe a drinking game, maybe a holiday game.
The best.
Let us know what's your Florida man story.
Florida man and your birthday.
Drop that in the chat.
We'll pick a winter day.
I actually do need to come up with some giveaways this week.
We have, as always, our sponsors have come up with just above and beyond contributions for our audience without even having an active campaign in place.
They just few have already reached out.
So we're going to reach out to some other ones and see.
I think we're going to do a fun holiday badge here later this week.
And one thing we have, which is one of the topics of the day, we do have a nobody sausage blind box to give away later this week.
And that's actually I've got four actually topics today.
And Funky, you can help me out if there's anything else on your mind or anything you saw.
It seemed like kind of a light news weekend.
uh and actually most of the news like even the title punks in the moma hit friday so some of
And actually most of the news, like even the title punks in the MoMA hit Friday.
this is catch-up news that dropped after we wrapped uh coffee with captain on friday uh still
obviously very noteworthy uh not just punk squiggles and digital art making its way into
the moment big deal uh you know and i don't think it's a coincidence maybe it is i don't think it's
a coincidence that it followed the breakout moment.
I think it was an inflection point for digital art at Art Basel.
I've said it. I'm going to keep saying it.
Maybe the timing of this was announced or planned this whole time,
and it is just coincidence.
Or they were on the fence, they were debating,
and they saw the breakout moment at Art Basel.
I was like, okay, it's a good time to announce this.
Whether it was they were planning for the right moment
and the market being whatever the market's been doing.
I don't think it just came together following Art Basel.
I think this stuff like this probably takes months,
if not years in the making.
But worth hitting on that.
We'll cover it a little bit if anyone wants to expand on that,
by all means.
The other topics, I saw Fed injecting $6, $7, $8 billion, something like that in the market.
But I think it's probably a nothing burger.
They've been doing this, and I don't think any of that's coming.
I don't think any of that's getting ejected into our JPEGs.
Probably very little of that getting injected into our digital coins as well. There's a, not necessarily a blind box debate, but we're going to turn it
into a blind box debate. Sergio had a post over the weekend that got some discussion going,
and I wanted to carry that into the show this morning. The lead headline there, if you missed it is of the burbs blind boxes, only 6% have been redeemed for the physical.
I didn't expect all of them, but I am shocked and it's not closed yet.
So there's still time and collector crypt in their 17 steps to redeem is maybe the worst UI UX I've experienced in crypto.
And there's been some challenging ones,
but we'll get into that in a little bit.
And then the last nugget or last bullet point I had
for the day is Polymarket teasing.
I don't know if it's official, if it's a done deal
or they're just discussing or throughout there is a potential,
but Polymarket talking about their own layer too.
I'm going to just straight up ask you funky not to get into it.
We'll come back to these other headlines,
but let's say hypothetically that happens.
Polymarket launches their own layer two for Polymarket.
Is that the beginning of the end for L2s and new L1s?
Not all, but ones that launch without their own flagship app.
If they don't have a killer dApp,
what are you doing?
What's your point?
It's, you can't say,
oh, we're going to be the most performant blockchain.
Well, MegaEast already got you there.
And they're launching with some unique novel dApps
and time will tell.
I'm very bullish on that chain
because of how they've been moving and who they're launching with, how they're launching with their partners. It seems like they actually have a strategy as ain't it. It ain't going to cut it.
You can't just launch a decks and forks of things that are already on other
chains and expect people are going to migrate to your chain.
It's just not going to work.
So yeah,
funky.
Do you think if poly market goes away from polygon and they launched their
own,
their own L two,
is that the beginning of the end for L2s,
whether existing or new, and new L1s
that attempt to go to market without a killer dApp?
I think we're already seeing the beginning of both.
The beginning of both the end of unnecessary L2s
as well as unnecessary L1s.
I think the way that tokens continue to go to zero,
like this is interesting because, you know, obviously, you know, I work at a company that's
an interest provider, Global Stake, but the company that bootstrapped us is Silvermine Capital.
So they're a Web3 fund, you know, they've been in tech for 25 years, but they're a fund that
is expressly interested in Web3 at this point. And much of their deal flow now,
the sticking point isn't tokens.
No one gives a shit about tokens anymore.
It's all about actual equity in whatever they're building.
So like a lot of the SAFs now
are looking for equity in the company.
They don't really want a token
because they know where this is all going.
Like a lot of these tokens
are just going to continue to bleed to zero,
especially if you don't capture anything meaningful. If you're not generating revenue
like a Hyperliquid or an Athena, if you're just putting out a token, put out a token to bootstrap
some kind of ecosystem, people are going to come farm it. They're going to dump it. They're just
going to end it. If it's an L1, you're using that to incentivize the validators to secure the chain.
And then you're going to have that constant sell pressure from them for the security budget.
So I just don't see what the purpose would be.
Now, I think it's a genius move on the part of Polymarket, right, because they've exquisitely found PMF, right?
They've got outside of them and Calci, right?
them and Kalshi, right? Like they're the two biggest prediction markets. And it makes a ton
Like they're the two biggest prediction markets.
of strategic sense to be your own L2. Because most L2s, you know, I mean, again, MegaEth is a
different part of this conversation with their rotational sequencer setup. But most L2s, you just
have a single sequencer. So there's somebody, there's a team that's running a sequencer,
and you're effectively printing money. Because if you're using optimistic rollups, for instance,
you're putting these out in these large batches that are going down to the ETH L2 and the little bit of
fees that you're earning through those transactions all go to you. So you keep them. So in the case
of Polymarket, when you look at the volumes that are being driven by the people who are using the
app all the time, why give that away to Polygon, right? Like if you can capture that as well as
whatever you're taking from the fees of just like people placing their predictions, which I'm
assuming, I don't know, I've never really looked into sort of the mechanics of Polymarker or
CalShe, but I'm assuming they earn something when people are placing prediction, right, or bets,
right? Let's just call them what they are. So to go to are. To have your own dedicated L2 and to have a sequencer
to capture all that value makes a ton of sense. I think it's the right move for them.
But to your broader question, yes, I think that this
is just what we're seeing as the market is wising up to that.
To your point, Cap, why would you want to
migrate your liquidity why go through
another bridge you know and i think this is also why vitalik himself in the last few months has
been talking about his deep frustration with the lack of interoperability among the l2s were you
still having to use these clunky bridges and everything else to move from one place to the
you know i think this is why i'm not trying to show Project X,
but I love Project X as someone who's using a lot on Hyper EVM.
I love how they have sort of this bridge aggregator system
where you can swap from one chain to the next,
and you really don't have to use a separate bridge.
You've consolidated everything into a single UI.
So I think anything that continues to make the UX a seamless experience
for all of us is going to win Mindshare. It's going to win activity. It's going to win,
you know, just like general usage. So I think it's going to be increasingly a more difficult
market for L2s and even new L1s if you're not, to your point, offering something that is incredibly novel or a zero to one dApp that is very unique, like MegaEth is doing with the MegaMafia, which you assume is going to be day one launching beyond mainnet beta, like when mainnet mainnet gets here.
people are going to continue to, or I should say, even teams continue to build these L2s
and other L1s when we clearly already have an infrastructure glut and have for a very long time?
Yeah, we've got plenty of infrastructure. Now, I do agree. It'd be great if the infrastructure
was more interoperable, but we don't need more, In my opinion, we've got plenty of chains. We've
got plenty of infra. We need them to work better together. And I, at some point now I understand
why builders would want to launch their own chain. I understand why they've launched infra.
They've been able to print, they've been able to raise hundreds of millions of dollars, if not billions, and do so without really shipping anything noteworthy or finding product market fit.
I mean, I guess you could say, well, blockchains have product market fit, but so many have not even really attempted to differentiate themselves.
so many have not even really attempted to differentiate themselves.
And maybe it's just my hopium.
Maybe it's the optimist in me coming out.
Could 2026 finally be the year that investors start funding apps?
Like they've been funding new blockchains for the last five years like you see these these
raises from these blockchains that get virtually no tvl virtually no users and it's in the hundreds
of millions of dollars meanwhile cool new novel daps like they're excited over raising 10 million
don't get me wrong it's still a large amount of money it's still a large amount of money. It's still a large amount of funds, but it's just seems ass backwards for lack of a better word. Like it's, it'd be like the equivalent of, and I saw, I guess another flyover news nugget that Solana is ending support for the, um, the saga, the Solana attempted a mobile phone is over.
Um, the saga, the Solana attempted a mobile phone is over.
Insanely tough business to get into.
Insanely tough business to get into.
Insanely tough.
As someone who spent 20 years of my life in that world, I saw many of the giants that are
far more valuable, far more funded, far more revenue than Solana has,
be one and done in that space.
From Microsoft to Amazon to Facebook,
they all attempted to launch phones and they all failed miserably.
I think that Microsoft actually made it.
Now they've done collaborations and stuff, but it's more so for Windows.
If they're Windows-based OS, which was also a flop.
But as far as like an actual windows phone they
had the microsoft kin and the kin one and they were both horrible you know losers for for microsoft
um the fire phone if you remember that again a one and done facebook i can't remember what they
called their hardware but also one and done like it's's really, really, really difficult to break into the phone business,
the hardware business. And so I'm not surprised to see the saga be two and done. It's kind of
normal. Like the chance of being the next Samsung or Apple in that, when you're competing against
Samsung and Apple, and you're not like,
and you're not gonna focus on the East, right? I know HTC, Huawei,
like there's other manufacturers throughout the world.
I mean, it's the reason that Android
has a dominant global market share lead
is because there's a lot of these Android phones
that fit into a lower price bucket,
a lower price point,
low, you know, demographic that's looking for a cheaper phone,
not the latest and greatest.
That's not the U S you know,
to capture any sort of market share in the U S like I've seen even some of
these other,
like I remember blue phone was an Android phone that came in a lower price
point and took to compete for a bit in the States. And it's just,
it's so difficult.
Apple has us, Samsung has us.
Like if you're, you know,
good luck calling an iPhone out of an Apple fan boy or girl.
And if you do,
they're probably going to go to Samsung
because they're so,
like the reason to switch would be,
oh, I want the latest and greatest hardware.
I want the latest and greatest tech.
And again, good luck.
Good luck trying to get that from samsung i just live live update here as i consider opening this short we we just
below 90k again i might have might have missed the local top here i'm still going to fire sometime
between 9 30 and 10 um we'll see we'll keep we'll keep eyes on it throughout the show here but
a few other we can continue going on this as always open stage. If anyone has any thoughts,
wants to get in on this conversation regarding L2s and the future L2s or any of these other
news items, feel free to throw in a request to come up or drop your question in the chat.
Speaking of the chat right now, Dort is winning. Dort is winning the Florida man challenge. No,
no surprise coming from a Florida man himself. Uh,'s Florida man killed in possible alligator attack while searching lake for Frisbees.
Here's one thing I know about Florida.
I grew up in the Midwest where we swim in lakes.
We swim in lakes, we swim in ponds, no big deal.
You couldn't pay to actually swim in a Florida lake or a Florida pond.
Now I will kayak. Um, and I, I will, even when I'm kayaking,
I I'm going to bring a knife or something with me of defense. Um, I'm not real.
I'm not like scared of gators,
but I have no desire to swim in a murky pond or lake in Florida where I can't
see, you know, five feet in front of me. And I'm,
and so if you throw a frisbee in a lake in Florida, let it go, let it go. It's, it's time
to move on. That, that frisbee is gone and you're better off to just go buy another $10 frisbee
than risk your life by trying to track down that frisbee. Um, still accepting more right now,
dorks in the lead. Uh, Anyone else wants to fire their Florida Man Challenge,
just go to Google, type in your birthday,
Florida Man and your birthday,
and give us your favorite story.
There's probably multiple like me.
You probably got two or three, maybe four on that exact date.
We're back up over 90K.
So we've not missed the north of 90K pump.
I'm not even joking.
I'm not a perpetrator.
I'm not hanging up those cleats. I just going to, I'm not a perpetrator. I, I, I'm not hanging up those
cleats. I just don't believe I have an edge, especially with how the markets have been trading
lately. I feel like now you need to be dialed into charts, like to have a real edge. I think
you need to have some of the inside info with what these funds are doing. And I just, that's not me.
I don't have those connections.
So I'm going to do what the, what the Twitter timeline is telling me that those funds are
doing, which is, uh, Jane street and, and, uh, and crew are dumping at market open, which it
does make logical sense. I said over the weekend, someone else's tweet, like if you're, if you have
a bag of meme coins that are down bad this year and their long-term holds for you, for whatever reason, sell your meme coins right now and then immediately rebuy.
There's no 30-day wash trading law on crypto yet.
I think it's inevitable.
At some point, that's going to change.
But right now, it's purely legal.
It's above board.
Talk to your accountant first.
First, I'm not a financial advisor.
I'm not a financial advisor.
I'm certainly not an accountant.
But yeah, let's say just hypothetically, if you bought the top of Fartcoin and you bought,
you rolled 10K into Fartcoin at the Pico top.
Before in the next eight days, nine days, sell that bag of Fartcoin.
And if you think it's still got life out, if you don't want to sell and take the L,
sell, rebuy, book the USDL, book the L for tax loss purposes.
And you're still, you have the same amount of Fartcoin.
You're still long.
You still have the same position.
You didn't capitulate.
You didn't sell the bottom.
You just made a savvy financial move.
So, and it's not just meme coins.
If you bought the Bitcoin top, sell your Bitcoin, rebuy.
Do it same day.
Do it in the same block if you want i think maybe someone
checked me on that funky there's no like there's no like same block law that cancels out the the
no wash trading rule of crypto is there no not not that i'm aware of and nor could the irs ever
even try or understand it's in the same block no i think you'll be fine it's it's it's smart we
talk often about like tax loss harvesting, your NFTs, your crypto.
This, as far as I know, and I'm sure that there was some, but at scale, this is really the first year.
I said sell, but then immediately rebuy.
Hot air will eventually rise, they say.
But don't sell bottoms.
You buy dips and you sell the rips, except for loss harvesting season which we're in right now now we've talked about this for years on the individual side far as i know
this is really the first year there's been institutional size from major funds major
institutions sitting on billions of dollars of bitcoin and ETH. And it would just make sense for them to book some tax loss L's
and then rebuy their bag.
I'm not saying that's what's happening for as many Mondays as I can.
It's not just Mondays.
There's been a lot of market opens, but even more so,
it seems that if anyone has the data on this, let me know.
But it seems like for the last couple of
months at least the last month every monday i can remember we've seen this weekend pump and then
around 9 30 10 o'clock we see a massive sell-off i don't know what happened last friday it was
friday i think where we saw the god candle followed by the death candle i can't figure
these markets out other than we seem to be somewhat range bound and there seem to be some predictable times where the market moves.
Could be completely wrong.
Could be just pure coincidence.
I've been paper trading it in my head and it's been right.
So today is the day I actually open up the 40X short.
It's probably also the day that the trend breaks. And we just, it as is the actual
Santa rally, and we just rerun straight to 100K from here and there's no sell-off. So don't do
what I do or what I say. Don't take this or any financial advice. I am, you know, throwing maybe
hundreds of dollars, not anything material, but going to play a little bit today instead of paper trading and a play with some small size and see if I can time up a short to
open. And then I need to close the short before it starts running again. But I see Brian jumped
up here with the hand up a big Bitcoin guy, Brian GM. Don't hate me for shorting Bitcoin today.
It's only a temporary short. I still remain irresponsibly long GM.
GM, no hate hate good luck on
the short i mean we all got to make money out here to stay out here right that's the that's
the whole goal stay as long as you can right i have more i'm running out yeah out of dry powder
so i'm gonna start um i don't know i'm gonna start exploring uh creative ways to no feet
picks or anything of that such but start exploring creative ways to uh feet picks or anything of that such, but start exploring creative ways to
have more trading capital, more DJ money. My best ball season, I was banking on it and
Trade McBride let me down, not nearly enough James Cook, not nearly enough Puka Nakua. So it was very,
very right. Like even my most owned tight end was Harold Fannin, which looked like a smash
and just things did not break. Right. So I'm going to be lucky if I get one team through to best ball finals.
And I've got a pretty – I need Jonathan Taylor to drop like a 30-burger tonight
and the 49ers win.
Not sure how that happens, but, yeah, I need a Christmas miracle here
for my best ball bags and my dynasty league where I'm in the semis.
I'm trailing.
I face Christian McCaffrey, but I have Purdy, Kittle,
and the Colts kicker.
So I've got a shot, but it's going to be a real sweat.
I would never wish an injury on CMC.
I think 49ers are on the table in the Super Bowl,
but I need to thread the needle to advance to the finals today.
So my fully plan to parlay my fantasy,
any fantasy winnings right into the market
and level up my fund money again,
but not looking great.
So maybe we'll hit a Powerball.
I took a shot at the Powerball
with some family members over the weekend.
We did not win a billion dollars,
but I say,
let's run it back. Go ahead, Brian. I'm sure you had more. Yeah. Yeah. Shout out to the Colts
kicker, whatever his name is. But I was going to jump in on the last topic. You guys were talking
about the whole fees thing and apps versus building your own chain and and that sort of thing you may have seen
recently um there's a guy santiago santos who was kind of arguing with raul paul they uh i can't
remember if he was on like his podcast or like vice versa whatever it was uh and then santiago
was on um i think thread guy's show talking about it but it's been
going on for a little while i noticed it when he published his um his kind of his blog about
the topic uh and mainly he was talking about network effects kind of pushing back on crypto
really having the same network effects that we've
been talking about for years with like Metcalfe's law and all this sort of thing. And he threw out
some numbers in the blog, but this is exactly what it reminded me of. According to him, the fee share
for layer, and this is layer ones in particular. So you kind of get into the,
the weeds a little bit talking about L2s also, but the fee share, according to this blog,
he said has collapsed from around 60% down to around 12% for layer ones. And it's the apps
that are, they're really making all of the fees and therefore that are undervalued.
So your question earlier about are we going to see these apps
start getting capital injection like we saw crypto,
I think that's a pretty good educated guess
according to all of these discussions that have been going on.
So I just wanted to throw that in there
and see what you guys thought about that if you've seen it. I saw a thumbs up, I think from, from funky. So it seems like I did. And
I think like, it's about time. Like this seems so obvious to me that there should be more value
accrual to the apps. Like people talk about some of the disdain for Web2 and the Web2 app world is the fact that Apple has a 30% tax on their app store.
Why would we run back the same model?
Like why the apps,
I'm not going to say it's egregious.
Distribution obviously matters,
but let's keep it real. No blockchain, not Ethereum, not Solana,
not Bitcoin, no blockchain, none. All of them combined don't have the distribution as does
the app store. So why wouldn't the apps be the ones that are driving? They're the ones bringing
users, like, especially in a world where I'm not saying blockchains have been commoditized, but L2s have been commoditized.
I'm an ETH bull.
I think the security is real.
I think it matters.
Bitcoin is always going to be granddaddy Bitcoin.
And adding Bitcoin from a store of value, it makes sense.
And from a store of value, it makes sense.
Solana is, they've got the DJ and casino market, but even that's not a lockdown.
And you think about like, look, just play out what's happened or this, if Polymarket does in fact move to their own blockchain, what does Polygon have?
I know that's not it,
but in a very competitive world
where block space is not a great product,
it's got product market fit.
There's becoming virtually no moat.
And by itself,
I think they're going to bleed us slow or in some cases maybe a fast death.
It just makes sense that more value accrual, more funding would flow to the apps.
It's the apps which are going to bring the people.
No one's like, I can't go wait to check this thing out because it's on-chain.
Except for those of us already here, no one else cares.
They just want a fun app. They just already here no one else cares they just want
a fun app they just want an app that works they just want an app well and outside bitcoin just
you know app block space is cheap really cheap outside bitcoin so so when you've got super cheap
and all kinds of it of course the demand is like way way way down so yeah i mean things are
definitely out of whack i think everybody
can recognize whether they are fully on board with this like you know l1s are entirely dead
or l2s are entirely dead um because that that's a little extreme you know i just think that the
ones that don't at least make an effort to this they're going to die
like if you don't have think about it do we think like there's never going to be another blockchain
launch i i don't i mean we know there's some coming online in 2026 there's going to be more
blockchains the the ones there are going to keep getting that already exist are going to get better
presumably what are you doing without a killer dab like why where what are you putting these
hundreds of million dollars into i don't understand it what is monad doing with the
400 million dollars they raised seriously it's a serious question i don't know i i know it's not
free to create a blockchain i know they've got great savvy investors and there's a good chance
that they sustain and they're still relevant a few years because they
have so much money why aren't they spent why aren't they building their own daps i don't get it i
truly don't understand i need someone to educate me why monad doesn't have a division that is their
in-house labs or building novel daps i don't understand it for the life of me i can't
understand why why these blockchains look at just external third parties to build dApps.
And then why would they stay on your chain?
Especially after the reward's in,
you know,
another announcement fly over here,
not fly.
It shouldn't be fly.
We did talk about it with,
with Joey on the stage,
BZ went multi-chain,
you know,
BZ fun,
fun dApp playing in the RWA space,
you know,
generating some real traction.
They launched on blast.
They left
Blast when Blast just fumbled their TGE in subsequent months. They went to Flow, still
on Flow, not leaving Flow, but going multi-chain with base. Users aren't going to go to Flow
because of fill in the metrics.
Talk about whatever features you want to talk about.
It's not going to attract any users.
What we talked about last week is facts tell, story sell.
What's your story?
Well, it's really hard to tell a story about blockchain specs.
Much easier to tell a story about a fun new dApp.
It's better because it's on chain.
Why aren't they
building their own i don't i don't get it husker gm saw you fly up here what uh what brought you
up this morning hey good morning cap and everyone i just hadn't been able to jump up uh with you
since uh steve left so i just really wanted to come up i enjoy the christmas season uh shout
out to another uh little pudgy uh i don't think he's up here, but woke up this morning
and S.T. McFly is like our pudgy AI expert.
And he made like an AI song for me overnight.
So listen to that and, you know,
sorry that does really roll into the Web3, you know,
block space kind of, you know,
going down and stuff like that.
But, you know, it's always good to show some appreciation
out there this morning.
Heck yeah, good shout out.
And yeah, love the, and then it is part of the fun about crypto web 3 is there
are so many you know we talked about the people talked a lot about it on uh funky show but it is
just the the genuine good-natured caring people who often do things without any expectations of,
of something in return. Uh, also pain on fire in the chat says it is hard to build a high level
that board and see more. I agree very hard. Apparently a lot harder than it is to build a
blockchain herein lies the opportunity. Um, also he, he did catch the, uh, so I wasn't able to get
to the gym this morning. So I did not do my early morning pre-workout.
I did go to the coffee first and then quickly realized I needed, I'm probably going to drink
a second one of these or some more coffee.
This has 180 milligrams of caffeine.
It's just not quite, I'm still a little shy of my morning caffeine intake.
So, uh, we'll see how the show goes.
We may, um, we may go back for a second back for a second or maybe a second cup of coffee.
We'll see.
Second pot of coffee, I should say.
You mentioned holidays.
So we're going to weave back and forth here.
We'll get back to the L2 conversation.
I promise we will get to – I don't know if there's more to talk about punks in the moment.
But if anyone wants to dive deeper into that, we can.
Same with the Fed conversation.
The blind box debate is probably, I think that's a good back and forth conversation.
I'm curious to get some other takes on it.
I also pinned up top because Husker mentioned the holidays.
So some homework for you all today.
I pinned a post of Farouk's up top.
He was talking about holiday videos. So we got holiday season, we got some people off or out of work this time of year, and looking to, if you're not trading perps like me, looking for some less volatile holiday fun. I am curious, are there holiday movies not listed here?
Because The Holiday was one I was not familiar with.
Actually, a lot of A-list actors in it.
I don't know how I missed it, but familiar with Home Alone, Harry Potter, Love Actually
and Elf, Die Hard was a big favorite in this chat.
But yeah, any holiday movies that you know might be a under
the radar holiday movie i am soliciting new new watches for the week and uh open to recommendations
there uh as well as your best florida man story go ahead funky gremlins i was so highly disappointed
that most more people do not recognize gremlins as a Christmas movie. It's set during Christmas.
It was like me, Benny, and one other rando
that under Farouk's thing recommended Gremlins.
Can't be Gremlins at Christmas.
It's one of my favorites.
Speaking of the Florida Man story, I will share mine
because I did not get to share it earlier.
My favorite one from my birthday when I first Googled this a long time ago
was some dude tried to, know those big like uh human size
inflatable hamster wheel balls that people can like go in and like run in
he tried to cross from key west to cuba
that thing and then because you live in saint pete my favorite one from st pete and this was probably
when i was in college so i don't know like 20-ish years ago there was a dude who broke into i don't
know if the hamburger joint the chataway is still there but there was a he broke into the chataway
and basically stripped down naked and like ate soup and played bongos and they caught all of it on like the security camera.
So it's like that creeped out, creepy looking inverse,
you know, like where his eyes are glowing.
And they got all sorts of footage of him
inside the restaurant.
Those are two of my favorite Florida man.
Some good ones.
And I'm guessing the guy did not make it to Cuba.
In his...
No, no, no.
They went and like dragged him back like i don't think he
got very far osiris says uh turbo man to legendary memory not familiar with that one i have seen
gremlins but it's been forever and i'm betting there's a lot of people in the chat that have
never watched that was a 1984 movie yes and fun fact gremlins this is a little movie history lore, is the movie that caused the uproar and created the first PG-13 movie.
Because Gremlins, when it was released, was PG.
And if you go back and watch it, it is violent.
It is not like a PG movie.
And there was so much of a stir.
And I think it was released in July of of 84 even though it is had the christmas setting
and um it caused such an uproar in the community and the very first movie that got slapped with
the pg-13 label was red dawn which had a lot of famous 80s stars and i'm sure you're a fan of red
dawn you know because i know you and i are pretty close in age. And Red Dawn is amazing, right?
So, yeah, that was the first one to get the PG-13 rating, but it was Gremlins that caused the, oh, my gosh, we need a rating between PG and R that's going to better, you know, let parents know what they're about to share with their kids.
But, yeah, it was Gremlins was the one that started that.
I remember there being some controversy around it.
I did not remember that um a quick google search the ai overview told me that
um i reading the ai overview i don't remember this as part of the movie um i think it's been
probably three or more decades since i've watched it i they probably wouldn't be released today
reading the overview i'm just going to read it this i'm quoting gemini's ai overview says gremlins 1984 was controversial
for its intense dark violence and mature themes in a christmas movie context leading to the
creation of pg-13 rating but also for the alleged racial stereotypes particularly depicting african
americans through chaotic loud and destructive gremlin behavior like breakdancing, eating fried chicken and wearing sunglasses, contrasting with the cute, obedient, Asian-coded gizmo. I also didn't realize gizmo
was Asian-coded. Gizmo, cute character, all-time cute character. In fact, kind of surprised
we didn't see a gizmo NFT collection back in the mania. Well, maybe we did and I just missed it,
but gizmo should have been a cook during the mania. Well, maybe we did and I just missed it, but Gizmo would have been, should have been a cook during the, during the, the NFT bowl.
But yeah, I did, I was not, I did not remember that movie like that at all.
Wonder if it even gets seized the light of day in today's age, but 80s were a different time
for sure. And yeah, it was, it's wild.
Cause again,
I remember it being like a horror movie.
It's wild to think that got released as PG 13 or PG got wild.
I think it got released as PG deserving of the PG 13 rating for what I
maybe are from what I can remember.
that said we are,
if you're just joining us now in the chat,
we a quick reset here.
We are accepting your favorite Christmas movie. Uh, we're also except we got a few over in the abstract chat, we have a quick reset here. We are accepting your favorite Christmas movie.
We're also, we got a few over in the abstract chat.
Die Hard, Gremlins was amazing.
Jingle All the Way by Schwarzenegger.
I'm not sure if I saw that.
National Limpoon's Christmas Vacation.
Yes, that is a classic.
Diego says Muay.
I don't know if that's a movie or some Spanish word I'm not familiar with yet.
My Florida Man stuff is good.
The other news, thanks for that. We did one other news item we will hit on Diabolito mentioned wreck drinks, not only made an appearance in Columbus, Ohio at giant Eagle,
they are rewards are going live from the physical stores in january
i'm not sure if we have full details on that but i will do some digging and see if we can get some
answers here in a bit and we'll circle back to that one go ahead husker wherever whichever
direction you'd like oh yeah i was just also going to give a shout out this morning to infinex uh
got like one of those crates that i opened a raffle ticket for and actually got a patron
yesterday but actually yeah i know it was actually got a patron yesterday. But actually, yeah, I know. It was actually like, oh, sweet.
I saw the tweet literally by accident because they just put Husker in there,
but they didn't actually tag me.
So I saw it completely by accident.
Logged on.
And actually, I just refreshed Infinix and it just dropped into my wallet.
So that's a nice.
And then, yeah, dude.
The other thing I was going to say, I heard Arnold Schwarzenegger mentioned,
what was the show or the movie he did back in the 90s?
I think it was like with Turbo Man.
What was that called?
Anyone remember?
I mean, so Osiris says Turbo Man is a legend.
Is the movie Turbo Man?
I'm not familiar with it.
No, it's about a movie where he's like a dad.
He's trying to get like this
it's like the gift of the winter for his kids and he's like jingle all the way is is that what you
actually mentioned beforehand i just didn't put two and two together damn it yeah i'm pretty sure
that's i'm not sure if i've seen that one it it is absolutely worth like watching like go go out
and watch it i think i think he's actually estranged from his wife or something like that.
And he's trying to compete with the stepdad or something like that.
So it's definitely a good watch.
So Diego follows up, Mawai was the real name of Gizmo on Gremlins.
I did not know that.
And Diablito adds, I'd call Gremlins a comedy.
Not sure I would call it a comedy, but I guess it was entertaining.
If you have not checked your, I know we're jumping all around this morning,
but I'll like some fun, some humor, some holiday goodness,
as well as actionable alpha here.
If you've not checked Infinix, go do it.
They did a Monad-esque CT Mafia.
If you've got a, I would say even a a and i don't mean this is offense please don't take offense if you're not included if you have a decent size ct account i
don't know the threshold i don't know where they cut it off at i don't know how they calculated it
it's worth going and checking uh i was not aware until i saw that same they actually tagged me in
it and i was like why why is kane from infinex uh tagging me in it, and I was like, why is Kane from Infinex tagging me in a post?
And it was because I had not went and claimed my 50 crates.
So I did that, opened 50 crates, and it is kind of unique.
It's, you know, it's essentially a digital blind box.
You're opening these crates, and you're pulling commons, uncommons, rares, epics, or mythics.
You could pull an Infinex patron, which is, what is it, trading at like 1.5-ish floor, is that right?
Yeah, it's at $4.5,000, whatever that equates to an ETH.
That's my crate.
Yeah, 1.47.
That's amazing, man, congrats.
My crate pulls were valued at slightly less, about $243.
But I did pull a Mythic and a couple of Epics.
And what those do, like the Mythic is I can buy 5,000 INX tokens at three cents.
One of the Epics was it was less amount.
I think it was 500.
I could buy it like 0.00001.
So really cheap, like basically a, for all intents and purpose a guaranteed
profitable flip should i choose to do so and i think that was mostly i did i definitely did
that pull a patron i think mine was was basically i can different amount different token amounts i
could buy at different price points presumably lower than their opening market cap or opening price. Go ahead, Husker.
Yeah, I was just going to say, like, I'm looking at mine right now, and I'm not going to lie.
Like, I think you guys were talking about physical boxes and stuff like that.
I'm not going to lie.
I'm actually a fan of, like, the way that Infinex did their digital box, quite honestly.
Just me.
I mean, also, it probably helps that I won and whatnot.
But also the fact of just,
it is kind of nice being able to buy,
you know, their token at like,
I don't know what you want to call it,
but a cheaper amount.
I got like one where I can buy like five or 50,000 tokens
at like one one millionth or something like that or one one thousandth
of a cent
essentially so I don't know
definitely gonna have to buy for that so
yeah man congrats again on pulling the
patron that is a nice holiday
score there
a lot of gremlins
love in the chat and
also some FUD on base
app Machiavelli adds gremlins love in the chat and also some FUD on base app.
Machiavelli adds gremlins actually has a holiday Jack in the box meal out right now in other side. I kid, I added the, you know, the side part, but
apparently they, they have a holiday Jack in the box meal out right now. Good,
good timing there. If you've not watched gremlins, it's worth a watch.
Also not necessarily holiday related but it
is it is gonna happen over the holidays i guess let me find the exact date on january oh no i'm
sorry it's not even over the holidays it's in january i thought i read it wrong i read december
23rd uh when i first saw it um if you are familiar with and now i'm drawing a blank alex honnold his he already has
one documentary out i think it's called free is anyone if anyone's familiar he's he's a free
climber uh i should save this for tomorrow when outer lemon joins us because uh she would know
all all the um all the rock climbing wall
or the verbiage that I'm not familiar with.
Are you talking about Free Solo?
Yes, thank you, thank you, thank you.
That's exactly it.
So Alex, Free Solo is a...
I don't know how to describe it.
I can't remember last time I watched a movie or documentary
and had anxiety throughout the duration.
I have like a fear of heights.
I'm not like I don't have a fear of heights, but that's something I have no desire to do.
So apparently I do have a fear of heights at some point.
But anyways, this guy free climbs, like meaning climbs with no ropes.
He did El Capitan at in Yosemite.
at um in yosemite he's done several others and on the pin post up top over this weekend he
He's done several others.
announced he's going to be uh he's going to be free soloing taipei 101 in taiwan
live on netflix uh friday january 23rd at 8 p.m eastern it's been a long time goal of mine it'll be the most
ambitious urban climb that i've attempted it's nearly a 1700 foot taller tower what's not to
like and i'll be doing it live on netflix tune in friday so yeah he's climbing this thing with no
ropes no gear i just can't even zero desire to ever even think about attempting something
like that. But, um, it is a, um, yeah, if you're looking for an, uh, you know,
if you have too much, too many Christmas movies in your, uh, uh,
in your Netflix, you're looking for a hard pivot,
go watch free solo this weekend and that'll, uh, that will, uh,
that'll get the blood flowing. Maybe, uh,
psycho kitty ed Scrooged,
funniest Christmas movie ever. I also somewhere heard someone say Groundhog Day as a Christmas
movie. I never viewed Groundhog Day as a Christmas movie. Am I awful? It's set in the winter. Maybe
that's why, but I don't think it's really Christmassy. I love it. It's a great, uh, movie.
Um, the, did you, Cap, do you remember the one, who is the family in Florida?
I think they're from Florida.
That were the high wire walkers.
Do you remember when the dad, the main guy, crossed the Grand Canyon on a wire?
I don't remember this one.
When you talk about heights, because I'm the same.
No, not Evel Knievel.
My wife was saying Evel Knievel.
He jumped it. But no, it's a family of them they're very famous like high wire high wire walkers i think their last name even starts with a w and it was on fox it was live
like i remember back in the day and he crossed the grand canyon funky this has to be somewhat like
new because i or not new but like in my time
zone like i'm 37 so not exactly new but yeah it's the same it's the same um family if you remember
the famous picture of the guy like walking across uh like the skyscrapers in new york
it's that same family yes nick walinda Walenda? Is that it or no?
Walenda, that's it.
I knew it started with a W.
Walenda, yeah.
And I think live on Fox, he crossed the Grand Canyon,
but it was, I don't know, 10 or more years ago.
It was a long time ago.
But that was nerve-wracking.
Skywire Live on Discovery Channel aired,
looks like June of 2013.
So yeah, your timing's pretty close.
Yeah, I did not see that one.
Free Solo's a good movie. It's just like, be prepared to have, if, if stuff like that, like makes you nervous,
there's very few breaks in the show. Like it's just anxiety inducing is the only way I know how
to describe it. So if you're into that sort of thing, uh, definitely go watch free solo and,
uh, also drop other, go back to the Christmas news, let us know what else we should be watching.
A lot of good suggestions in the chat and why we're on the topic of, I mentioned Outer Lumen and her rock climbing skills.
Tuesday's reminder link's up top. Go smash that if you haven't done so yet.
The carousel is no longer a thing, at least not how how we the form we know and love it uh so we're going to be
posting those one one onesie twosies throughout the week appreciate all the love on those in
advance um diego big pull on his uh infinix crates the where i mentioned i got the 0 .0001. Mine was, I could buy 500 at that price.
Diego pulls same price, but instead of 500,
he has the right to buy 50,000 tokens at that price.
And at current, I guess probably they're using pre-market buy, I'm guessing,
puts his crate pull at 10X mine, $2,500.
So Diego found $2,500.
Husker found over $4,500.
It's worth going and checking Infinix to see if you have some crates there.
And if so, go redeem your crates for sure.
And Diego had 20 crates.
And Diego had 20 crates.
So I had 50 crates open.
Husker, how many crates did you get open?
Husker, how many crates did you get to open?
I got 51 crates because I had,
I can't remember what it all was,
but I've been using Infinex for a hot minute.
So I think I got like one of the beta users.
But the same thing that Diego got,
I also got that same 50,000 draw too.
So Infinex has been doing quite nicely for me.
So just on those two alone
you're like probably like seven grandish yeah yeah that'll get uh and trying to think how i can word
this without sounding like pay me but pay me like you want to get ct talking about you do stuff like
this do something different now is awarding airdrops new and unique no but this is
a new method as far as i know it's first i've seen this where it's they took what monad did
and they're making it better it's different it's novel monad just said hey go pick a card and
depending on what tier you fall in that's how many tokens you get here. It's I'm assuming this is assumptions,
something to do with their formula is probably something to do with your,
what they view, how they view your, your CT profile,
as well as how much you've been using their, their wallet, their DAP.
And, and then instead of just giving you,
here's the tokens you can go claim it's different levels like this.
Like, yeah, you, you can go claim, it's different levels like this. Like, yeah, you can go claim 50,000.
You got to buy them at one one hundredth of a penny. If they end up trading at five cents,
that's a big W. And it's going to do a couple of things. One, it's going to get
buy volume instead of just claim and sell volume. Maybe this doesn't work. I appreciate them doing
something different. And I know Kane rubbed some people kind of the wrong way for different reasons,
but this is, I like this. This is different. It doesn't need, like, you don't have to,
this is silly. This is just another way to reskin a Ponzi. You can have whatever opinion you want about it.
You're entitled to that.
My point is it's different, and I appreciate them doing something different.
Clearly, yes, Diego and Husker are going to be big fans because they had big wins.
Mine is a fraction of what I won from Monad, but I still appreciate them taking a different approach to this.
And oh, by the way, we're talking blockchains versus dApps.
This is a, you know, it's not just relying on a chain.
It's, you know, a new kind of wallet designed to defrag your crypto life, passkey first.
The only wallet I know I can log into with my my fingerprint which is pretty cool i
there's other ways to log in obviously but when i first set up my account um i
it should just be infinex i'll tag it in the chat i n f i n e x duane um
I'll go pin it as well.
If you don't see, yeah, I didn't pin mine.
I'll go pin mine now for those looking
for the official Infinex account.
Click through and see if you want anything.
It's worth checking.
Maybe there's nothing there.
Don't get upset with me if you're not eligible
to claim anything, but I think worth checking out.
The, the, the, the, the, the, the, the,
the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, want anything it's worth worth checking maybe there's nothing there don't get upset with me if you if you're not eligible to claim anything but i think worth uh worth checking out the
let's do this that that now is pinned up top and we don't have to stop talking about infinix and
create claims if anyone else wants to take a victory lap by all means feel free to do so
funky duane says flying one. Walendas is that?
I don't know if that's a gremlins reference or something else.
that was ones that crossed the famous.
Oh yeah.
Gotcha.
Gotcha.
Gotcha.
Zombie Rob adds office Christmas party Friday after next in the night
before.
I don't know if that's a movie or it's actually an office Christmas party.
This is where my brain's at this morning.
I definitely need.
Friday after next is hilarious.
That's how, that's how we met Cat Williams. Okay, really?
I did not know that. Today I learned.
Today I learned.
I will check.
Go ahead, Funky. Get in here.
No, I just didn't know that that's where Cat Williams
came from. I love Cat Williams, so I just was shocked
to hear that.
Yes.
Is that where the scene where he comes to the door and he stays behind the,
you know, like they're going to arrest him?
Yeah, yeah, I think so.
Yeah, yeah, absolutely.
It was one of his first major debut in film. He was already doing comedy for a long time,
but Friday After Next was really a Christmas movie as well.
One segue here before we move on to probably dive into the blind box
discussion next.
If you did not see your coffee with captain newsletter over the weekend,
what are you doing? Go ahead there right now.
Coffee with captain.beehive.com.
You can see the full article, the coffee with captain weekly,
as well as subscribe. We don't spam you.
You get one a week on Saturday mornings.
And there'll be links to all the shows, all the recordings for the prior week, as well as some, not a straight recap, but some other nuggets and a pool.
This week's pool, Stablecoins Go Mainstream Win.
And similar to last week, we had an overwhelming winner.
Banks adopt them, is the masses. The banks adopt them is the, the,
the,
the masses.
The majority think that's when stable coins go mainstream.
Merchants accept them directly at 9%.
Compliance becomes simple at 9%.
Pain is effortless at 9%,
but banks adopting them at 72.7% runaway winner there.
Again,
go check out the Florida quote coffee with captain.
You can go to coffee with captain.com and click through or coffee withcaptain.beehive, B-E-E-H-I-I-V.com. That's linked in that post as well.
So I fly over headlines and then we are going to dive into this blind buck discussion.
Strategy just increased its USD reserves by 748 million and now holds 2.19 billion,
along with 671,000 Bitcoin. So over 2 billion in their stable reserves.
Zomko says Eyes Wide Shut is a Christmas movie. I've never viewed it like that,
but I think you're probably did take place around the holiday season.
Different kind of holiday movie there, but a good one.
Some say it's a real life Hollywood documentary. I'm not going to comment on that this morning,
but probably not too far off from the truth now that we know about Diddy and all the Epstein
files and all that good stuff. We're not going to have an Epstein file segment here, but word on the street is redacted was the leading thing that was disclosed
or came to life in the Epstein file release.
The in all seriousness,
no all seriousness,
all seriousness can't speak.
I need more coffee.
The conversation.
I really am curious. i want to have this debate
uh we had the uh clay nose team and nobody's sausage on last week um got a nobody sausage
box gonna give one away as well and um i actually have a few few things i'm gonna pin up i'm gonna
kind of rapid fire pin post i want to come back to loki's tweet as well i think it ties into this
but the conversation that uh struck me well a um as it
relates to nobody sausage didn't just do a blind box they had some other announcements including
they partnered with with uh other side and ape coin to bring you other side in-game sausage skin
who doesn't want a sausage skin each blind box contains an nfc chip that will be redeemable in
nexus portal that was following a post from Nobody Saw Us.
It said each blind box unlocks experiences and rewards that evolve over time in perpetuity.
This is how you do Web3.
This is how you do crypto.
Don't just sell us an overpriced toy vinyl.
I'm not taking shots, but I'm going to take some shots.
Spencer, if you're listening in this, I mean no offense by shots, but I'm going to take some shots. Uh, Spencer, if you're listening
in this, I mean, no offense by this, but you, you make it easy because all we know so far is the
burb blind box was you got your vinyl, your burb vinyl and those ship. I haven't got mine yet,
but I hear high quality. and there is i don't
know if they said for sure you get burb allocation that is the speculation uh if there is no burb
allocation the people might riot um but i think and especially if you see the the corresponding data, apparently many people, 94% at this point,
bought those vinyls either a single or 12 pack solely for burb allocation
because only 6% have been claimed at this point.
That's wild.
I did not expect to see such a low number.
Like 50% was in my head.
Like I'll probably half of these get claimed.
6% is wild.
So I quote tweeted Sergito's post on this.
Stating 6% redeemed is crazier than the secondary price action.
Although 17 steps to claim via collector crypt might be the worst UI UX yet.
I said that earlier. Crypto blind boxes about on their last loop. than the secondary price action, although 17 steps to claim via collector crypt might be the worst UI UX yet.
I said that earlier.
Crypto blind boxes about on their last loop.
If you're planning to drop one in Q4, Q1, pivot.
Or if you're going to, by the way, if we've seen this meme often in crypto, I'm not sure
if everyone realizes that this concept, this euthanasian coaster, it is a steel roller coaster designed to kill its passengers.
You heard that, right? This meme that we always talk about, whether it was L1s or
DApps or MemeCoin launch pads or blind boxes, the first time it's new, it's big and it runs way up.
The second time it runs up about half that it keeps getting smaller and smaller the people who keep buying into these metas of
the day of the week of the of the month usually go go bust unfortunately it's not going to kill
you here but the seven loops or inversions put the body and under such stress it causes the brain to
be start of oxygen as the heart simply cannot push blood against the enormous g-forces even if it
kills you it's designed to still be a fun death an honorable thought so again little little dark uh blame
gremlins and uh horror movies on christmas for my dark uh conversation this morning but here is the
real data behind this this is what sergey maybe this is going to change this was yesterday morning
says do web3 people actually want physical blind boxes absent financial incentives?
The data says not really.
6% of the bird boxes have been redeemed.
Flog boxes at $4.
The mint was $25.
I still think that's probably a financial W for those minters, assuming they flip the Flog NFT they got with it.
Even if they haven't flipped it yet, it's worth more than 25 bucks, I believe.
The FWOG was not $4.
No, but the mint was 25.
The boxes are currently trading at $4 on secondary.
Oh, the box.
Oh, shit.
Yeah.
Nuko boxes are trading at 36.
That was a $99 mint.
The sausage boxes have totaled 25K so far.
Nobody sausage that is. And then this is probably maybe one of the most shocking is the pudgy care bear blind box is still available nine days later and only 2,500 supplies.
That's not sold out. And pudgies are like, I can't remember last time they didn't have not only a sellout, but usually they're dropped sellout instantly.
I can't remember last time they didn't have not only a sellout, but usually they drop sellout instantly.
So if you're looking for a sign that the blind boxes have lost some motion, here's five signs.
Now, I want to go back to nobody's sausage because I do believe they did it right.
Early to tell, nobody wants, I should say, very few people using this data.
94% of the people here do not want a toy vinyl. Most of us
are middle-aged men by the data. There are some middle-aged women here as well.
There's also some Zoomers and some Alphas, Gen Alphas, but a lot of people here are,
I'd say the range is like 25 to 50. And some of us has kids. Yes. So there is a demographic there that might like your toys. I don't care. I'm like, I'm not going to jack in the box to buy a Gremlin toy. I'm not, I'm not. McDonald's could have the coolest IP ever. I'm not going to go buy a Happy Meal. I could care less. If I, like someone joked about me, I go, what am I supposed to do with 12 burb vinyls? I couldn't split them. I had to claim reading all 12. Like in someone's little toys for Duke, you're probably
right. Now he'll, the last about 0.5 seconds before he give you an idea, like Duke's jaws,
he, a tennis ball, a real tennis ball. He tore it to shreds in less than a minute. Like he just,
he's got crazy bite strength and poked a hole in it and then tore it apart.
I had to take it out so he didn't eat the thing.
Yeah, I could give him a vinyl toy that probably lasts him about.
It'd be fun for a few seconds until he tore it to shreds.
Sergio says, not fighting, rather documenting this moment in time.
Web3 participants are exhibiting low real demand for these types of products.
This can be an opportunity as well.
I'm keen to see where things are a year from now
and whether Web3 IP can truly penetrate the broader demand
for physical blind boxes in the world.
I'll see if I can find my comment here.
Because I am not seeing it,
not important enough to show on the comments.
I said no, they're not wanting to buy things. If there's no financial incentive,
especially if there's no utility, it doesn't have to be token allocation, but do something like
what nobody's sausage is doing. The part of the beauty of doing something in crypto here, I said sans financial incentives.
Why would a bunch of middle-aged men want a collectible of brand new IP when they can pay a fraction of the price and buy a collectible from established IP?
Whether your IP of choice is Star Wars or Harry Potter or fill in the blank, Pokemon.
or Harry Potter, or fill in the blank, Pokemon.
I think you'd be hard-pressed to find any of those,
that established IP that's been around for decades,
that has real collectible value
beyond just our niche corner of the internet.
I think you'd be hard-pressed to find any of those
selling blind boxes for a hundred bucks or more.
I'm not saying that these Web3 brands are grifting. They should be trying to find,
sell products. They should be driving profitable revenue. But the reality is most, not all,
most is simply overpriced and they're selling to the same group of customers.
They're hoarder base. Most not giving any rewards, no discounts, no loyalty rewards. They're just saying, Hey,
come buy this thing for 25 to 150 bucks and have a toy that you can set on the shelf.
Like, honestly, like I know some have kids, maybe they play with this stuff. Most it's just one of
the thing that can put on a live stream behind them. Maybe I know there are some people who
really want to collect this stuff. I'm saying most people here don't care.
We're not collecting toys.
And it's fine if you are.
It's just not the demographic that they think it is.
Or they're just prying on their holders buying things because they think there might be something on the come.
What happens if there's nothing on the come?
Then you're alienating your collector base.
Yo, Cap,
sorry to interrupt, but so
for Sergito's information, did that
just come off of Collector Crypt? Because I know
223 handled the Web 2
side of Nobody Sausage,
and they had a major push through their
Instagram and their
TikTok channels.
Yeah, I think that's why Nobody Sausage did it right
is because they did push out to other channels.
I would love to see, maybe we never know.
I would love to know how many of those that sold
were sold via credit card,
came from Instagram or TikTok.
Nobody Sausage has millions of followers
outside of this space.
They promoted the blind box outside of this space with no mention of crypto.
But guess what?
They've already said there's going to be crypto rewards coming.
There's going to be someone that followed Nobody Sausage on IG or TikTok because they like the IP.
They found their memes funny.
They bought a blind box.
And they're going to find themselves in other side a month from now with the sausage skin
because they love the ip
this is this is how you do it this is how you put something on chain make it better than the blind
box that's off chain and partner and collaborate with other builders that are here i'm not saying
everyone has to collaborate with the other side
or put your avatars on the other side.
But oh, by the way, relative to this, in Newsworthy,
Netflix acquired Ready Player Me,
a digital avatar creator that can go across different games.
Sound familiar?
Like Netflix basically making their counter to the Amazon partnership with
other side is how I read that.
And I don't know what's coming of it,
but my point is like,
think about Pudgy and Care Bears.
Maybe there's some abstract allocation there.
I guarantee those 25,
a hundred would be sold out if they shared that. People like, and Pudgy's like, for all intents and purposes, Pudgy's the best of the best
in terms of proliferation of their crypto native IP.
They really have got it out there, whether it's gifts or toys, like they have had real
success.
This Care Bears collaboration shows me that outside of the Web3D gens, no one cares.
It's like they've had real success proliferating the IP from our perspective.
Even though people, my normie friends, will still share the Pudgy Penguin gifts, it's because they have a great gift team that does a good job creating gifts.
But it's not like people aren't saying, oh, my God, I got to go own one of these penguin toys.
It's really hard to build sustainable IP and it takes decades to make.
So again, if you're going to sell blind boxes,
take the approach of sausage box,
the nobody sausage blind box,
sell to your non web three customers.
Your web three customers can have a chance to buy them as well.
They may be the ones that participate.
The best thing I like about the Nobody Sausage announcement is it's not just the other side collaboration.
I'm going to reread their announcement again.
Oh, shoot.
Eight minutes ago.
So you've got one hour left to grab your blind box if you've not yet done that.
We will be giving away at least one here on the show
later this week, but I will, I'll pin this link up top as I flood blind boxes. I'm also going to
pump blind boxes, encourage you all to go get one because not, don't go buy one with expectations
of rewards. Go buy one to support someone who in my, in my opinion is doing it right.
Mainly because they are shipping physical good. They're marketing it
to non-web3, non-crypto people, not talking about crypto, not talking about web3, and they're using
it as a Trojan horse to bring people on chain. They're using it as a Trojan horse to bring
people on chain. How are they doing that? Well, each blind box unlocks experiences and rewards that evolve over time in perpetuity, as it should be.
You want me to go get a blind box?
Put those buzzwords in there because it's not buzzwords if you follow through on it.
If you actually program against the technology, if you actually reward those collectors.
Now, will those rewards ever equal
to or exceed what you pay for the blind box maybe not i don't really care i appreciate the effort
i appreciate trying to do something new as opposed to just selling this blind box for
four times the amount because you have a crypto native audience nobody wants that
you could dangle a token if you want and you'll sell through a bunch
and then no one will claim them because they just want the token if you really want your ip out in
the wild put an nfc chip in it like again i don't know if this is nobody's sausage brain child i
don't know if this is the clano slash hebu team and they're the ones behind this this is how it
should be done i'm not just glazing because we had them on the show they're the ones behind this. This is how it should be done. I'm not just glazing them because we had them on the show.
They're doing things the right way.
Why in the world would you sell a $25 to $150 blind box
coming from a crypto-native brand and not include the tech?
Why would you not have a digital counterpart or digital twin,
a code, something that you can track those
customers forever. It just seems so obvious to me. So this is the article that came out. The
experience doesn't stop when the box is open. While most brands focus solely on the product
itself, we think the experience comes after purchase matters just as much. That's where
NFC tech comes in. Each nobody sausage collectible comes in better with an NFC chip. When you tap
the collectible, you unlock a certificate of authenticity tied directly to that item. It's yours. It's unique
and it's soul bound to the holder. Creating a one-to-one relationship that can't be replicated
through email list, QR codes, or traditional loyalty programs. I'm going to read this again.
When you tap the collectible, you unlock a certificate of authenticity tied directly to
that item. It's yours. It's unique, and it's soulbound to the holder,
creating a one-to-one relationship that can't be replicated
through email lists, QR codes, or traditional loyalty programs.
It's just better.
But the real power isn't the first tab,
it's everything that comes after.
The NFC chip is updatable forever.
If nobody's sausage wants to reward early collectors a year from now,
they can.
If there's access to an event, a drop, a perk,
or something completely unexpected,
it can be delivered directly through the collectible you already own if collector crypt or other partners associate with the drop one's activate value the same
touch point works nfcs are direct permanent line between the brandon's collectors we've already
seen how powerful the model can be across two 23 ecosystem drops some examples are chimper series
one nfc holders unlock rewards on apechin and more. Mino games, starter cats give collectors
in-game perks that evolve. Honky and Rip and Dip upcoming drop will be minted on base with additional
perks rolling out over time. Every brand and audience is different. The NFC experience is
designed to reflect that. It also creates one of the most natural bridges we've seen from Web 2
to Web 3. I read it wrong. I'm going to read it again. It also creates one of the most natural
bridges from Web 2 to Web 3 we've seen someone can buy a nobody sausage collectible
from instagram tiktok or retail with zero crypto knowledge they're not entering web three they're
just buying something they love and yet through nfc they're able to interact with on-chain features
rewards and ownership without ever feeling the friction in retail that becomes even more powerful
a collectible might look like a toy from the outside, but inside it holds access, rewards, and surprises, and upside.
That reminds me, that sounds like the NFT dream from 21-22.
And yet for some reason now, a lot of these NFT founders and teams
are saying, oh, this is just a collectible piece of art.
Well, screw you, because that's not what you told us.
I don't care if you checked all your roadmap items.
Don't give up.
Keep using the tech.
There's going to be another meta at some point. Maybe it is blind boxes with actual rewards in perpetuity. For some buyers, the hidden
potential becomes part of the excitement. For others, it's simply a bonus they discover later.
Let's use a Web2 comparison. Labubus started this blind box meta.
There's also a lot of fake Libuboos in the world.
There's also a lot of fake Labubus in the world.
This is not hyperbole.
Blockchain tech fixes that.
Libuboos would not have the issue nearly as wide and rampant as they do with knockoff Libuboos had they followed this Nobody Sausage model.
And because this is Nobody Sausage's first-ever blind box series, they mark a moment in the brand's history.
Early hoarders are recorded as part of that first chapter.
And that's ultimately what we're building at 223, collectibles that stay relevant and evolve alongside the brands behind them and deepening the relationship with people who own them.
The Nobody's Sash Drop is available for 24 more hours.
Be sure to check it out here.
Let's go funky and then back-to-back billing.
Just wanted to say, Cap, thanks for letting me up.
It's been a great conversation and hanging out with you guys.
I do have a meeting coming up at 930 that I've got to get ready for.
So I hope everybody else has a great day i'm gonna step down appreciate you
joining us pleasure as always thanks for uh thanks for tuning in and i pinned our conversation up
friday if anyone wants to hear the longest rant ever to a tell me about your background um how'd
you get here i'm this i not exaggeration i think i probably talked without a breath for like 30
minutes is that what's the overrunner was Was it 30 minutes? Maybe a little less about that. But you answered like
five questions I was going to ask. So I just, I just rolled with it. It was here. I could ask
Steve, do you like water? And he could rant for 10 minutes about whether he likes water or not.
I pulled a Steve when asked to talk about my background. And, and that was basically the
interview because I answered the next six questions Funky was going to ask me.
I've done that once or twice before, but it's been a while.
And so I puked the intro.
But really, truly did enjoy the conversation.
Thanks so much for hosting.
Thanks for having me.
If you haven't checked out Funky Fridays, it's a good listen, bringing on some builders.
It's kind of refreshing where you get to talk about not necessarily markets and crypto in this market opening dump.
By the way,
we're back over 90k Bitcoin. It is now 924. So we're in watch mode. I'm in Germany. I'm checking
in from Germany this morning. And I escaped the kidnappers that had me under lockdown on Friday.
And now we traverse the Atlantic. We're in Germany. And we're going to be doing
some live perpetrating here on the show at some point in the next 36 minutes. McAvely, go ahead.
No, I wanted to say that I helped bring this Nobody's Sausage to the other side,
and the other games team did, and we got to workshop with Andrew and them,
and they're very forward-thinking about when they were going to do this. When Andrew hit me up,
and he's like, yo, we're going to this blind box situation. Like, what do you guys think?
Like, I was like, yo, take that to the team.
You know what I mean?
Like that's a W all the way around.
Like the way that they were thinking about presenting this
and like just to see it manifest in real time
and see them execute is just a beautiful thing.
Like, you know what I mean?
It's like, because this was not native web three IP
and they've kind of like placed it out.
And like what they got going with Hebu
and everything else that they have in the future,
like I just, I'm very bullish on that team
and the way that they're executing.
And some people can quote numbers and say,
oh, this didn't do this well in Web3 or da, da, da, da, da.
But the fact is that they're executing on a high level.
They really are thinking about conceptualizing the entire process and delivering it to the customer and then having them come right back through.
You know what I mean?
Like it just doesn't end with the blind box.
And I just think that that's very, very important that that entire team is really just, you know, progressive thinking.
And they're a pleasure to work with, too.
Well said.
I agree.
Can you explain what is 223?
How do they fit into this?
Because Collector Crypt is the mining site.
It's the redemption site.
What and who is 223?
I know they work with, obviously, the Hebu team and Klaino's team.
Yeah, from my understanding, they're like a Web2 distribution network through socials and stuff like that,
where they're distributing products and stuff.
So, like, that's all.
I'm not really familiar with them that much.
I just knew that they were working the web two side of it and they pushed out
all of the Twitter and Instagram marketing and stuff like that.
Do those channels and then do the crypto side, of course,
collect your crypt.
Appreciate that. That helps catch up on the chat here a bit.
MeshMesh asks, what's the FUD on the base app?
Primarily, it was regarding usernames.
Opportunist claimed his base username a long time ago
and now is not able to claim it in the base app,
is my understanding.
Maybe they fix that in the future.
I had to create a new,
I don't think I actually ever claimed a base username,
but I did have to create a new one when I logged in.
I will go grab a ref link and pin that up top.
If anyone's not,
I would appreciate you hitting my ref link.
If you're not in there yet,
it would be appreciated,
but no obligations.
If someone wants to front run me and drop their ref link in the chat,
you can do that.
I'm just not going to pin yours.
I'm going to pin mine.
I told you I need,
I need some more DGN funds.
So we're going to the ref link route.
Coffee with Capital will be sponsored by whichever online casino is willing to pay the most starting first year.
I kid, but not really.
Odyssey trailer just released.
Which Odyssey?
Mesh mess.
Fill in some gaps on that for me.
I'm not sure which Odyssey trailer was released.
If anyone knows, let me know.
But yeah, the Nobody Sausage, again, I think they're doing it right.
I know with the burbs, there is allegedly token allocation coming.
That's fine.
Um, good.
And maybe that's sufficient, but I doubt they, they probably also I'm guessing after the sale, because it was,
it was a presale, they probably did all the orders.
I'm guessing they went and manufactured all these. And if let's,
let's say if you know, it gets to like 10% redemption,
90% of these don't even ever get shipped out. And they're just like,
not great. Like I, I'm sure they, part of it is they want their IP in the wild.
And I don't know.
I don't know.
Like other than having, well, the best thing I could do now is say the only people where
they're getting an allocation are those that claim their blind box.
That would, that would do it.
That would do it. They get closer to 100%.
They get closer to a hundred percent.
They may do that. As far as I know, they haven't done that yet.
They may do that as far as I know.
They haven't done that yet.
The price points here on, we're back up over 90,021 and we're two minutes away from 930.
So I'm actively watching the clock here.
The blind boxes for Nobody Sausage, you get a single box for $289.
One collectible box, no one knows what's inside.
You could go the six blind box pack.
You get six plush collectibles with no repeats.
They're all unique.
And yes, your set may include an ultra rare, which will replace a common one.
If there's a duplicate, they take it back and send you the missing collectible.
And then if you go to 12 blind boxes, it's two sets of six,
and you're guaranteed to get at least one ultra rare collectible.
Please note duplicates will occur, however, but you're guaranteed to get the ultra rare collectible.
No obligations to purchase.
So if you think about the value that they're driving here, for $29, you get a collectible plushie, a keychain plushie.
Cool.
Some people might rock that.
Again, Nobody Sausage has millions of followers on
IG, on TikTok, people that aren't crypto native that are buying this because they want the key
chain. And then at minimum, you're getting an avatar on the other side for tapping your key
chain when you get it. But that doesn't stop there. They've said those rewards will go on
in perpetuity. It's their first blind box.
There's a chance.
I don't know what they're going to do.
There's a chance the next blind box they do, you get one for free.
You get one at half off.
You get a 20% free shipping.
I don't know what they're going to do, but I really like the execution here.
The only thing I would add is maybe, and this is minor, very, very, very minor maybe flip-flop the buy with credit card buy
with crypto lead with buy with crypto as opposed to credit or lead with buy with credit card as
opposed to crypto probably really doesn't matter but um there might be you might lose i don't know
10 20 of the would-be buyers when they log in and they see the first thing is buy with crypto.
It just still has somewhat of a poor reputation for some people out there.
But again, of all this stuff, I'm being overcritical here.
Dort says his crates expired from the CT Mafia drop.
No idea if that's just me, but it seems like they could have waited on that.
I would not give up there yet, Dort.
I would maybe refresh, maybe DM the team because I don't know.
I understood Diego as he just claimed his this morning.
Husker, when did you claim yours?
Husker, if you're still with us.
I'm still with you.
I'm sorry.
I was answering my work email
what was the question when did you claim your infinex crates oh i've claimed like i think it's
been three separate occasions over the last month ish when did you claim this last batch
uh the last batch i claimed i think 72 hours ago okay i claimed mine on friday as well diego i'm curious if you can let us know in the chat when you claimed yours um i'd be curious uh dork dork saying has expired uh i didn't know
that was a thing um all right moving on from blind boxes i should probably update the title as well but rooting for nobody sausage to uh
sell a few more and i'm excited to see what they uh what those future rewards are i did i just i
think this is the way i use the technology don't use the people here to sell them over overpriced
toys not saying everyone did that i'm saying i don't have any i have zero interest in buying a blind box for
a hundred dollars that comes with nothing but a vinyl like if i think there's going to be more
than a hundred dollars of token allocation i'll buy it but again unless i have to redeem it i'm
probably not redeeming i just want the i just want the it's just a trade that's not sustainable
that's the roller coaster that's what i was alluding to is like the roller coaster. People buying these things on hype and speculation alone. That's not going to last.
If you use the tech, use it to show authenticity, use it for ongoing rewards and activations.
That's different. That's a step in the right direction.
So if you are a team planning a blind box drop,
you don't have to pivot, but I'd strongly encourage you to take a different approach
and find a way to drive value, align value back to your order base.
You're going to keep having that conversation. I, I, uh, I feel, um,
checking my notes here, blind box debate, Fed injecting billions.
Not really sure.
I, again, I don't really think it's, I'll actually use the, I haven't checked the war
in my morning.
This is probably going to, I'm probably going to lose it here.
Um, it's funny.
The first thing I see in the war room is a, can't make this up, cannot make this up.
First, I opened the war room.
First thing I see is a, a, uh, a vinyl burb, uh, new coffee station companion. I feel like that's a direct shot at me. Oh, um,
Zane adds Nolan's Christopher Nolan's new film.
The odyssey has been released. It's in theaters, uh, July 17th.
Excited for that one. Um, right first time hearing about it,
but a big Christopher Nolan fan. And, one looks good there was also another one that um
uh man there was another trailer that just released recently that also looked
rather uh oh it was um
the new alien movie disclosure who's um
man it's gonna drive me nuts the new alien movie disclosure. Who's, um,
man,
it's going to drive me nuts.
Movies coming back.
Apparently new movies,
new IP.
I'm,
you know, the,
just search film updates or Christopher Nolan's the,
the Odyssey.
excited for that one.
We got to wait till next summer,
but that'd be a good July,
a good July show.
Thanks. Thanks for, uh, I'm seeing this, the show, I tell you guys,
I learned more from the show than, um, uh, than you learn from me sometimes. And I'm getting
great upcoming movie education here this morning, uh, to which Zane also adds in his opinion,
the care bear pudgy club just got eclipsed by other news right before it was Bear Brick collab sold fast and right after was the Sphere news.
Probably could have timed it better.
Hard to keep up.
It's fair, but also rare for Pudgies to not have an instant sellout of anything they do.
But you're right.
There's a lot of headlines competing against one another during the same time period.
I agree.
Bad cadence.
Coms coming from one of the better comm teams.
Interesting. And we're at 9 35 and the dip has started. I missed maybe, uh, we're down to 89, seven 57. If we
see it back above 90, I'm hitting the, I'm hitting the place order on the shore. So we'll keep an
eye on that. 89, seven 90, 89, 18, um, 89, 49, 89.49.
Give me 90K so I can short this.
Live, live, Steven Spielberg.
Yes, thank you.
Steven Spielberg's, is it called Disclosure, Mason?
So there's two things.
There's a Steven Spielberg Disclosure.
And then I've also been recommended,
someone must think of a conspiracy theorist or something, because there's apparently a new documentary on Amazon called this age of disclosure, which is about, I think it's a $20 rental or $20 buy.
But apparently it's like a lot of actual people with credentials and, and connections and actually work jobs where they would have privy to this information, but it talks about all the, you know,
alien encounters and everything that's now finally being disclosed.
And seemingly no one really cares about it.
Like aliens are upon us and it's not in, it's not in mainstream media.
Yeah.
I don't know, man.
10 crates expired.
It is weird.
I, if anyone else claimed recently as in like over the weekend or today, let us know.
So we can tell Dort to keep, keep, uh, disclosure day is what it's called.
Thank you, Mason.
Look at this chat coming through today.
Uh, now if you just give me 90 K Bitcoin so I can short, I'm not shorting forever. I remain irrationally long or irresponsibly long.
I should say not irrationally irresponsibly long, but I say. Not irrationally, irresponsibly long. But I will probably, I mean, I'm opening the short and be closing it today.
I just don't know when.
If anyone can figure that time out for me as well, that would be great.
Trade for Cap on Coffee with Cap today.
We hit it on Friday in passing.
I do want to go back to, um, something we did fly over.
I just making sure I don't hit any other really newsworthy topics today as I'm looking for this post,
go smash that reminder for Tuesday show up top.
And I'm actually going to go over and out, pivot over.
It says, yeah, it says two days.
Oh, sorry.
It looks like you're out of luck.
Four days ago, they tweeted two days left to claim.
Down bad.
Hopefully, hopefully you can get it on the next one.
I don't think it's a one and done.
I do think they continue to do those.
So some calls for an NFT renaissance in 2026.
It's in the year people can get excited about a new year,
change of the guard, new things coming.
Ethereum is finally tweeting about CryptoPunks.
All it took was getting in the moment to do that.
Looking at a few tweets here, but the one I'm looking for,
I'm not finding. I i want a second i promise he's a he's a volume shooter so bear with me unless i'm just missing it um i know this isn't
great i didn't think it'd be this long to find and we lost machiavelli i'd normally just kick it to him and he would uh
he'd fill in the gap um we talked we had crypt toys on the show they they launched their disney
uh collection on abstract the man where is this i'm gonna go back and start at the top
i it wasn't it was a good take as i'm scrolling there was an azuki spirit that just
sold for 20 eth says lowest ever but it's fair given the azuki floor is 0.7 and crypto punks
are 27th um he also referenced the announcement on uh ready Player Me acquisition by probably a big deal
and anime pumped on some news
over the weekend
I am completely lost this
take I was going to share
oh because it was on 12-12. That's why.
So it must have been retweeted.
But I actually think I agree with most of the take.
It would be hard. I don't want to see all.
I definitely don't want to see apes migrate to a new contract.
Some pudgy penguins probably feel the same way.
But his take essentially is like,
there is, we could have a resurgence
or I think he likes leaning into renaissance.
And the take is here.
If I were running a top 10 NFT brand,
I'd migrate old contract to enforce royalties,
launch the NFTft strategy align
the brand and revenue with that strategy return to web 3 before everyone leaves for good and he
goes into explain more detail this is return to web 3. my interpretation of that is holder alignment
value accrual to the underlying token your IP is not competing with Pokemon it's you're
not going to be the next Disney if you want a army of loyal brand ambassadors of raving fans
you need to reward them
not normal rewards early on you this is a very noisy space. If you want to capture and sustain any
sort of attention and support, you need to give them outside rewards early on, or at least show
the path towards perpetual rewards. That I truly believe is a lot of what led to the momentum and
excitement during the mania. And then whether it was, oh, well,
you could drop ApeCoin,
and then everyone else decided to not do it
because they got a Wells notice,
and then they restarted back
when Pingu dropped theirs a year ago.
There's still more things you can do.
It doesn't need to be another nft drop another secondary
drop a token drop but aligning your strategy whether it's you go the strategy route or
otherwise i'm not knocking that chimpers and goodbye club have both done very well relative
to the rest of the market but this is the bigger point this is what i'm going to drive home is
this means shifting focus back to web three native products, experiments, activations, and genuinely,
genuinely empowering your community right now,
communities feel taken for granted used to supercharge web to expansion and
side ventures without delivering meaningful value back to the holders,
if ever, and certainly not anytime soon.
I think this is the biggest drop.
Maybe it's unrelated to floor price. I'm not talking floor price. I'm not
talking about magical internet money. I'm saying as an active participant here every weekday for
the last five years running, this is what was so, you felt as you were part of something. You felt
as if you were a stakeholder. I know we weren't vested shareholders, but you felt as if you got to participate in the
building and the potential upside. And that didn't always just come in a token drop or a secondary
NFT. It often came from collaborations, partnerships, other things, other value add
throughout the space. Crypto is not stopping. You know, there's in a, if, if this morning's conversation leads to anything,
hopefully it is a focus back on apps over,
over more infrastructure.
There there's ways to participate. Like for instance,
if you are leading, maybe Kane tells you to pound sand.
Now I've got my head. I think that's it. And he's not interested. Or maybe you reach out to him and
he's like, yeah, we actually, in addition to our CT mafia, we'll do a, uh, we'll give every
penguin holder, uh, five crates. We'll give every board of yacht quarter five
crates. There's way, maybe that's a no. Infinex isn't going to be the only activation. There's
ways to reward your community and make them feel aligned. And you do like these brands realize the
network effects, whether it's instant sellouts that allows them to expand
into other verticals or other distribution channels, whether it's five-star rating reviews,
like the community activates unlike any place I've ever seen before, which is a good thing.
If it's one-sided, eventually they move on and they start doing other things because
why would I keep supporting a brand and hold this asset
that's worth 10,000 plus dollars when I get better rewards from my,
my American express card rewards, loyalty programs aren't new.
They're not exclusive to web three.
They can be better here.
Part of it is the fact that you can have third parties tap into this and,
and see and reward those individuals.
Like there's more you can unlock.
There's more you can do.
And I feel like I'm taking crazy pills that so many of the brands have just moved away from this.
I don't know why.
Unless they're just out of ideas and they think the only thing they can do to reward is drop another token or an NFT mint.
That's not it.
Let's go back to Husker and then we'll get Ian in here.
Yeah, I was just going to say, I don't know.
Do any of you guys listen to Uneasy Money?
It's one of the Unchained podcasts, like weekly shows.
It has Luca, Kane.
And I want to think it's like someone from Metamask on there.
But I think this is something that is greater than just NFTs.
But they need to figure out how does all all this stuff equate to the actual company because
i don't know if you guys have been following the ave news but you have the ave dow kind of going
against ave labs right now which i think is somewhat similar because you have in nft land
you have the token and you have the nfts and how do these things all play together
when it comes to like revenue where does the company end up going if it ever IPOs.
And I think this is like one of those things that like, hey, we need to start figuring this out,
guys, because this is now, I think, starting to cost us people and engagement because we don't
want to put in a lot of work and effort. You know, if you're in a DAO where like the labs can just
come in and screw you, honestly yeah and i guess to that
like no no one should be dropping governance tokens in 2026 i feel pretty strongly there that's
oftentimes that neither they Oftentimes, not only are they not real governance, it's just not.
That's, be better.
Have a better use case.
If you're going to drop a token, have a better use case than just governance.
Those days, I think, have come and went.
And I think more, something to do, some use case, something to use the token for other than voting is table
stakes, in my opinion. Ian, go ahead, get in here. GM, welcome to the table.
GM, GM, long time no talk. Thank you for having me back up here. I got a couple things. So on that government's talk, I'll say that the governance token is a 2021 relic that companies will enforce just to take the blame off of themselves in case the SEC were coming for them.
Exactly.
So not needed anymore.
I mean, still get those government tokens.
Yeah.
So I just feel like governance is dead on that front.
And to be honest, there wasn't ever governance.
It was just kind of a mask for the idiot retail.
So right now, and then on your talk about exchanging contracts,
I personally think that's the stupidest thing that they could do in this space right now.
I think the reality is I know a lot of people out there like to point to, oh, look,
holder number is going up. Oh, yeah, my mutant is only worth 2K now, but our holder number is 11K.
Half of that stuff is just forgotten wallets.
The other half is people spreading NFTs to different wallets to be able to maybe get an airdrop from it.
I think the reality is if we switch contracts, we're going to see how little wallet, how little participation has been in this actual ecosystem.
in this actual ecosystem like if anybody has been looking at any event of the analytics over the
past couple days there's probably been less than a thousand people total buying nfts if we do a
contract change right now um yeah maybe there'll be only 2 000 people paying the yuka labs or
whatever doodles whoever royalties it is. And guess what?
How did royalties help us for the past five years?
And when I say us, I mean retail.
Has anybody really been doing that well from the royalties that their company now receives?
So now that their Izuki can now make a watch. Or you can now get a Miami club.
No, royalties hasn't done anything for the individual.
Royalties just want, to me, to me, just let me finish real quick.
Royalties.
You're cutting out.
Of that elite.
It's a further pushing of giving money back to, you can say the artists, and yeah, on some stage, on some small points, maybe there's a smaller artist who went out and made 100 pieces and the royalties paid him well.
But we're sitting at a joke if we think that giving royalties to any of these big top 10 companies is going to actually help us.
It's not.
It's just going to make their pockets fatter, longer.
It's going to make their runway longer.
And the reality of the situation is we're looking at it like a year or two before all
of these things implode.
How long do you think the runway is on the other side?
These things are running out of money quick.
And to give them more royalties, to give them more runway when they've destroyed most
of our income, most of our investments? No, they can't. No, they don't deserve it. Create something
of value and then we will be there. The market is there. With any other thing in this market right
now, you create something of value, the users are there. But without creating that value, I'm not giving you royalties on garbage anymore.
We're not in that anymore.
We're done with that fakeness.
We want to see real products.
And yeah, I'm a little bit passionate about that.
Thank you for my time.
Thank you, Cap.
I appreciate you.
Appreciate you checking in.
Just for the record, I don't think apes should go to a new contract.
I do think there's several that could.
And it's not just to rake in royalties, but for those that have a real plan that are shipping real stuff, it can be a great driver of revenue.
And they can use it to drive alignment and show alignment.
Now, could some founders just pocket the royalties and never give anything back?
Yeah, absolutely.
But I'd also say during the era of royalties,
there was a lot more rewards for those participants,
whether you're in variety of different ways,
whether it was,
you know,
I think about like,
maybe it's a bad example,
but I think about,
I had an awesome time at a gala at Art Basel a few years ago,
thrown by world of women.
There's zero world.
They're throwing that gala without royalties.
Now, you might say, I don't want to buy an NFT to get to a party.
You don't have to, but access and activations was part of the perks.
In some of these, it can help do more of that.
I do agree.
I do agree.
By itself, it's not enough.
That said, we have seen, I mean, from a performance standpoint of the NFT, one that's kind of a golden child of 2025 is Good Vibes Club.
They're getting royalties.
They made seven figures on royalties this year, and they're doing things to show alignment with their hoarder base.
year and they're doing things to show alignment with their hoarder base, they're rewarding their
They're rewarding their collectors.
collectors. It may not be enough for you, but I do think royalties, especially for the artist,
protective royalties were, was part of what attracted me to the space early on. Having a
daughter who just graduated from college and is wanting to build a career in art as an artist like that just makes sense and
maybe that's it it maybe it doesn't work for nft pfp collections or shouldn't but anyone
launching anything on chain now like you you're probably doing it wrong if you're minting without
royalties protected because you can and it still comes down at the end of the day like whether it's
royalties or they're bringing in revenue by selling merch or by selling blind boxes. Yeah,
I agree. Like I would hope that many of them are building into their model, taking some of their
margins and I don't know whether it's 10% or 20% or something and you're marking it for community.
Do we do something to show alignment? Like, I don't think buybacks are the
answer. Some would claim that as well. It's just, it's hard to do any of this stuff if you don't
have sources of revenue and royalties can be a real source of revenue. I don't mind paying royalties,
especially if it's a profitable trade where, where Sting's paying royalties. If they're
forced on you and you're down, you bought something for five ETH and you're selling it for
0.5 ETH and you got to pay royalties on top of that, that sucks. But I just think there's ways that the tech
can evolve, can be better, and you can show alignment even with royalties. I've seen several
people mention, what if you only force royalties if it was a profitable trade? There's ways that
this could be done. There's ways this could evolve. I'm not
saying it's just go back to the way it was and just force royalties on everything. But as an
idea, I'm not saying it's the end all be all. Every company should not be doing this, but there's some
who would probably benefit by launching a new contract. You were in the middle of the last
cycle that's like provenance, what contract doesn't really matter.
And they're probably just bleeding some revenue that they could close up by encouraging people to go to.
And maybe there's some incentive there.
Go to a new contract.
You do this for us.
We'll do this for you.
Go ahead, Ian.
One question on that.
I definitely believe in artists being paid for their work, right?
And do you believe, let's say, let's bring it out of Web3 and NFTs.
If a Picasso sells a painting, right, I believe he should get that commission,
or let's say the commission is the royalty, right?
Do you think Picasso should be paid in full in perpetuity forever for every piece of Picasso ever sold?
Not in full, but it'd be cool if 10% went back to his estate or a museum.
So even then, even 10%, no matter when the Picasso sold, you think every time the Picasso should be sold, maybe 10% goes back?
every time the Picasso should be sold, maybe 10% goes back.
I mean, I would argue that Picasso had a lot more to do with that painting selling than the gallery
or the broker who's making probably 10% to 20% on it.
Yeah, I mean, I think it's a cool feature.
That is a definite different point of view than me, and I'm not going to fault you on that point of view.
I guess that's kind of how I look at it.
I didn't expect Picasso to get paid on every single time this painting is sold, even if the next person who's selling it is making a profit on it.
Picasso sold the painting for a cost.
They got paid for it.
They can now make a new painting.
They can now make new art.
They can now do whatever they would like.
But part of the art and collectible value of the art is it is not over flooding the market
with supply.
How do you protect against every time an artist goes up in stature from just flooding
the market with new art is that they don't have to launch new art because they're getting
paid on the original works they did.
And oftentimes, it's not all, there are exceptions, but oftentimes the earliest work, the grails,
the OGs, the original pieces of artwork, those artists are
often selling them for pennies on the dollar or hundreds of dollars or maybe a thousand bucks.
And then usually sometimes it's post-mortem before they ever pop off, but usually it's later in life.
And can they sell new art for tens of thousands or hundreds of thousands or maybe millions of
dollars? Sure they can, but that's but that's like the 0.01%.
I'm talking about an artist, they have a nice come up.
They're originally selling art for $200 a canvas
and fast forward five, 10 years,
and now they're selling art for 10 grand.
But the only way for them to make money
is to flood the market with new supply.
I just, I think there's a better way.
And I think royalties can
help solve that, that they are, again, I think that the artist is more responsible for that
increased valuation than is the broker or the gallery. The art doesn't exist without the artist.
See, I feel it's the opposite. I think it's the culture that drives the art and that the artist is the beneficiary of that culture.
But I have to run real quick.
I totally appreciate the conversation.
And thank you for having my time.
I appreciate you jumping up.
You're not – different perspectives.
You're not wrong.
I just think there's multiple ways to do this.
I just think there's multiple ways to do this.
And I think royalties was what attracted a lot of artists to crypto and Web3.
And yes, by the way, for those asking, we did go back up over 90 and the short is open.
So do not do what I say.
I'm not a financial advisor.
I'm likely to get liquidated on the short.
I hope I get liquidated on the short for all of our bags, but I'm just having some fun. This is a way for me to feel
something on a Monday morning. Small, small, just little fun DGN bag of throwing something at a
short to see if I can play the game. I just want to book a win. And if I can close the short in
a profitable short, that'll be my win for Mondayay so do so at your own risk and and if
you're going to to trail me on this don't trail me at 40x don't don't this is truly this is this is
dust i'm throwing at something don't don't uh use any sort of size if you're going to lever up that
much um you could get you could go to the bathroom and you'd be liquidated before you get back. So do so responsibly.
Yeah, short for those asking, short is open,
and we'll be closing it at some point today.
Send it to something that's not going to make everyone freak out.
88, I'd be happy with like 88.
I should probably set a take profit number,
but again, I want to feel something.
So the thought of going to the bathroom,
having to run back to check the chart is exciting to me last bit of news before everyone get out of here
unless there's any other comments or thoughts on this is not only did um uh wrecked is seen in the
wild at giant eagle in columbus ohio osf shared on his space uh last week that uh wrecked rewards
will go live in the physical stores in january if that's successful
that's when our playbook expands from just 200 stores to thousands of stores really excited for
this it's challenging i don't know exactly how they're going to do it i'm here for it i've been
saying for the longest time i think brand coins could be the next evolution of loyalty rewards
programs could can it could be a true evolution of loyalty rewards programs. It unlocks more potential of what they could do with it.
It doesn't mean it's easy.
It doesn't mean it's going to work, but I'm here for the experiment.
And again, that's part of what gets me so excited about the crypto natives is they are doing things differently.
They should be doing things differently.
Don't just sell us a toy for $100 that is no better than the $15 toy at Walmart. Fence meant if that's what you're doing, don't do that shit.
It's old. No one wants that. Do something different. Doesn't have to guarantee some
sort of 10 X or any sort of financial reward, but at least use the technology, make it better
than something that wasn't on chain or just sell it to your web two audience. Don't sell it to your, your loyal supporters here. You're,
you're raving fans because they're expecting that alignment.
They're expecting some sort of value accrual back to them or some sort of
activation back to them. Seems obvious to me, but few are doing it.
Hence why I'm such a big fan of the rec team. Opportunist ads.
This is always a fun conversation, but both sides seem to have valid points. i like the idea of future estates of artists being paid for my percent of sales
and the culture side of the bait is valid um duane says thanks for the the info on the nobody
sausage blind box getting the other side avatar i'm not really interested in plushy keychain
but definitely want the os avatar and future opportunities minute box just now there you go
we sold at least one more blind box because there's incremental.
I bought another six pack.
I just have more of the coffee with captain pump because people appreciate
perpetual value accrual back to the underlying asset.
In this case,
a blind box.
Nobody sausage for making us all believe again.
Greatly appreciated.
I think that thing is still alive.
I think it's in its last seconds right now.
It's about 10 o'clock, right?
Yeah, yeah.
It actually just finished.
There you go.
Time has passed.
Hope you got some.
And if you missed, stay tuned.
We will be giving away at least one here later this week.
I just need to hit the wallet first and then we'll get that out to a lucky
winner.
If anyone else has any promos,
giveaways,
I see M low out there.
M low.
I'm going to follow back up with you.
M low has a piece of art from his collection that he offered up the day.
He hit the,
the people at art Basel.
We just haven't found the right time for that.
We're going to do that this week as well well and anyone else that wants to participate in the goodies
let me know uh here comes the coffee with captain pump they say we're under 90 89 934 let's go vamos
give me 88k sorry and then and then send it then you can send it to all-time highs just let me book
a win here on a on a short today uh i would. And Mata says, I bought a nobody blind box because of Coffee with Captain. I hope you really enjoyed that other side avatar and those perpetual rewards pay big dividends. It may not be worth $29.99, but again, I'm here to support the team as much as I am. I mean, I'm here to make money. Don't get me wrong. But it's easier to support a team with a chance of potentially making future money than it is to support a team just so I can buy a $100 toy.
That's just me.
If you like your $100 vinyls or $100 keychains, buy as many of them as you want.
I've never bought a $100 keychain in my entire life.
life. Um, it's going to take a lot more than just the toy key chain to get me to do that. Um,
It's going to take a lot more than just the toy keychain to get me to do that.
that said stay safe, stay warm. Um, death fund giveaway. Thank you for that. I did follow up
with Steve. He hasn't forgotten. I he's on a, he's unavailable this week. Um, some of you,
if you're here regulars, you may know what he's doing,
but I'm not sure if it's all public.
So yes, thank you for the reminder, Katie.
I will get with Steve.
I just don't have access to that,
but we will get that done.
The Def Fund giveaway likely next week,
maybe the new year.
I just need Steve to, uh, uh, to get back.
And, um, yeah, he's, he's enjoying some much deserved, uh, well, he's, he's still working
this week. So I don't know, maybe we get it done this week. Cause he's not, uh, he's not fully
checking out. Like I encouraged him to do so anyways, I digress priority set too much.
Um, closing things out here, the reminder for Tuesday, I'm going to repin up above. Also, if you're looking for another space,
there is a
Rekt Weekly. It's going to be about an
hour earlier today, which is at 10 a.m. Eastern.
So kicking off just now, I pinned that up top.
And I'm going to repin
the link for tomorrow.
Everyone's favorite co-host
that's not Steve rejoining us tomorrow,
Outer Lumen coming back, and
she's already got some great notes that I'm excited to chat about with all of you tomorrow.
And we will, it's going to be a fun week.
Going to be a fun week.
We'll do some giveaways, shorter show, maybe voice only on Thursday, Friday to be determined.
But we'll be here as always, 8 o'clock Eastern time.
And as my buddy Steve would say, hope you all have a wonderful, wonderful day, everyone.
My buddy Steve would say, hope you all have a wonderful, wonderful day, everyone.
Thanks for tuning into Coffee with Captain, powered by 8point.
We hope you enjoyed the show.
And remember, nothing we discussed today is financial advice.
Until next time, keep exploring, stay curious, and we'll see you soon.
Have a great day.
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