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CHILLIN’ with Pudgy Penguins, Ep. 1
Recorded: Oct. 24, 2022 Duration: 1:52:21Space Recording
Full Transcription
Get PP up here and co-host.
Give him co-host.
What's up, everybody?
Can we get some hundreds in the audience right now?
Hit me with those emojis.
I want to see some emoji spam.
And while PP gets that music started, there we go.
And I heard your last shit, dog.
You can do better.
You ain't got shit on me, homie, that's facts.
I just bought a new, come on, buy another for the tax.
We ain't in the same league, we ain't in the same brats.
I ain't made a joint yet.
They already know it slaps.
Now I need the dollars.
Got a new girl and she look like Madonna.
Found a new flow and it's hot like the sauna.
Buying these stocks, I don't care about designer.
Trying to play me, they ain't know no better.
Hurt on me, you can call me Chris Webber.
Brand new whip with the brand new leather.
And now I'm a place, they all look jealous.
Trying to play me, they ain't know no better.
Hurt on me, you can call me Chris Webber.
Brand new whip with the brand new leather.
And now I'm a place, they all look jealous.
Staying high with the mace, tipping wine to the face.
Drive city from the door, it's a line of the place.
I'm at home in the middle, I got ties in the lay.
I probably pull a pet, cryin' to fly off a stage.
Lies spread quicker than the truth.
If you always talking about me, they know more about you.
I'm way back, set the rest up on the place.
If they don't pay me to respond, then I gotta walk away.
B&B, elevation high, layin' low.
I'm with the ten who's down to f***ing, cut me s*** I got from Trader Joe's.
Say they makin' moves, but we makin' more.
I stay in the zone, y'all stayin' pro, way to go.
Trying to play me, they ain't know no better.
Hurt on me, you can call me Chris Webber.
Brand new whip with the brand new leather.
And now I'm a place, they all look jealous.
Trying to play me, they ain't know no better.
Hurt on me, you can call me Chris Webber.
Brand new whip with the brand new leather.
Bitchin' now I'm a place, so they all look jealous.
Great Lake State and we make waves here.
Runnin' the point, I make plays like Shakespeare.
Every day I make it a great year.
So every year I feel like the day's near, yeah.
Whole catalog made from a home stew.
Quick scroll through, like shoppin' at Whole Foods.
With the fresh produce, my s*** is a home mood.
A-E-I, I don't owe you.
Then he wrote through scoop.
Yeah, he tell you, me another go-to.
Two video shoots, got a little cute.
Get my brand coupon, it's a lot of stunt doubles.
And they trying to play me, they ain't know no better.
Hurt on me, you can call me Chris Webber.
Brand new whip with the brand new leather.
Bitchin' now I'm a place, they all look jealous.
Trying to play me, they ain't know no better.
Hurt on me, you can call me Chris Webber.
Brand new whip with the brand new leather.
Bitchin' now I'm a place, they all look jealous.
Bitchin' now I'm a place, they all look jealous.
First off, seeing all these heads in here, like I am so ecstatic.
I can't wait to do this right now.
Welcome to our very first community-led spaces, chilling with the Penguins.
We have some awesome people here on stage, and I already have an amazing feeling that
this is going to be the best vibes in here.
So thank you very much for joining.
We have some beautiful people on stage.
I'm just going to say, PeePee, what's up?
Luka, what's up?
Actually, agents, what's up?
The child, Wilson, Chuck.
We have them all.
What's going on, everybody?
Let's all talk.
Moose, what's up, man?
Dude, how was your weekend, PeePee?
Let's get through it.
Moose, my weekend was great, except for the sinus infection.
I feel like crap because I've been looking for this podcast forever.
But I got a stuffy nose, but I'm dealing with it.
Got a new mic.
Hope it sounds good.
We got Luka on stage.
We got agents on stage.
We got the child.
We got our guys from Mint Media.
I see Alex in the audience.
I'm bringing him up.
Really happy for Alex to be joining us.
What's up, agents?
What's up, everybody?
Very happy to be here at the inaugural episode of Chilling with Pudgy Penguins.
We've been planning this for a little while.
I know Moose is excited, although it's hard to find what Moose isn't excited about.
Such a good energy.
We got a good hour planned for you guys.
So we're just going to sit here, shoot the shop a little bit.
And then we got some alpha getting dropped by the Mint Media guys.
And then we're going into our special guest, Alex Fenedet of Nansen.
Hope I didn't butcher that, Alex.
I always just call you Alex.
And you can feel free to chime in whenever, man, even before your segment starts.
But here's what I need from the people in the audience before we get into the child's weekend.
Bottom right hand of your screen, there's a little chat bubble.
All right?
I want you to hit that.
I need you to like.
I need you to retweet and I need you to make a comment because somebody who does all three of those is going to be walking out of this space one little pudgy richer.
All right?
No way.
Are we excluded from this?
We are excluded, but I'm still going to like, retweet, and comment anyway.
My weekend, for those who are wondering, was fantastic.
Filled with anticipation for this.
Child, how about you?
So, same.
I was just sitting on the edge of my seat ready for Monday night.
But it was good.
Went and did some Halloween haunted houses and all that fun stuff and hung out with some family.
So, it was pretty great.
Moose, how was your weekend?
I had an amazing weekend, actually.
I just got this new iPhone, iPhone 14.
It is so quick and the screen is so bright and it's dangerous.
It's dangerous because I already see my screen time is up 40%.
So, yeah, I'm in for a treat.
I can't wait to do this space, though.
Hey, before we get started, Moose, let's give everyone some words of encouragement.
Are we doing this now?
I wasn't even prepared.
Dude, you are ready always for this, brother.
Cap, major cap.
You know what?
I'm just happy to be here.
I'm happy to host.
I'm happy to just have the people that I first surrounded myself with in this space.
It's so funny reflecting and seeing that.
This space is one of my first spaces in such a long time.
I feel like I'm back in it.
And to see that the first time I was ever in a space is the first time I was ever heard.
I was surrounded by the same exact people.
So, I couldn't be happier doing this right now.
I want to thank you all for just lifting me up and just helping me be here.
I love every single one of you.
And let's just do this.
Let's get down to it.
Thank you all very much.
Yeah.
So, before we get to the...
Oh, I'm sorry, PP.
Oh, you're good?
You think it's this whole Reddit NFT narrative that's invigorating this sense of we're back, baby?
Because, you know, not to be that guy, but I called it a month ago.
And you all are just catching on to this Reddit thing.
And I'm not upset about it.
I'm very happy to see.
It feels like the energy is back in the room.
Yeah.
Just seeing everybody all soaked and happy and just, you know, getting involved in something totally new.
Like, you know, it's so cool.
And, like, to onboard more people into the space.
I just read a statistic that there's more wallets that were registered on Reddit marketplace or whatever it is to open season.
Like, it's just so insane.
You know, the fact that just more people are getting involved, it's just, yeah, how can I not be bullish, you know?
It's a really beautiful time.
And, you know, Luca's on the stage here.
Luca, I don't know if you wanted to speak.
We had to bring you up because, you know, someone put a gun to my head.
But what do you think about this Reddit NFT, Luca?
You know, you talk a lot in the spaces and the inner igloos about Trojan Horse Web 3 into the Web 2 world.
And it seems like, you know, Reddit really Trojan Horsed a whole bunch of people.
Yeah.
I mean, first and foremost, I'm just super stoked to be on the space and super happy to empower you guys to, like, you know, take initiative and, you know, do this weekly space.
So thank you guys for, you know, wanting to do this.
I think it's an awesome thing that you guys are doing.
I think on the Reddit NFT side, it's beautiful.
I was talking to Lorenzo and it seems like every day that goes by something that I have in the pipeline, like, somebody goes and does it.
Not to say that, you know, Reddit has done their NFT stuff for a while now.
But it's obviously just coming to kind of fruition into, like, everyone's acknowledgement as of recently.
I think it's I think it's beautiful, dude.
I think, you know, their ethos on how they're approaching NFTs, I think, is a lot different.
I think it comes back to the core of what NFTs or at least PFP NFTs always were, which is, like, digital identity.
And then obviously, Yuga Labs crushed it.
That narrative changed to, you know, PFP NFTs or brands and their companies.
And then, like, this Reddit NFT stuff, I think, is a little bit refreshing because it kind of brings us back to, like, where we were 15, 16 months ago.
Whereas, like, okay, no utility, just rarity, just identity.
Like, do you resonate with this?
Is this something you can identify with?
And, like, customization, I think it's just beautiful, dude.
Like, this is we're going to see such an influx and change.
And I don't know if you guys saw, too.
And I didn't look into this.
But Instagram, now, I signed into a new Instagram account earlier today, just, like, kind of consolidating some of my accounts.
And it asked me to make an avatar.
I didn't know if it was an NFT or not.
But, like, full customization, full type of, you know, same type of layout as Reddit.
So I think we're at the beginning of something really awesome.
And I think this is amazing for the space.
And you can just kind of see some of the Reddit threads going right now, just so many people talking about it, so many people that are excited.
And I think this is just beautiful.
So I'm stoked.
I love it.
I always thought this was the future.
Again, we've been working on something relatively along the lines of this.
You know, some of you may or may not know.
But I think it's beautiful.
So I love it.
Awesome.
So before we get to our guest, Alex, really happy you're joining us.
We're going to have this segment every single week with our guys from Mint Media.
They're going to tell you what's going on in the NFT markets and what you can look forward to in the next week.
So why don't you guys introduce yourself and tell us a little bit about Mint Media and tell us what's going on this week.
Love it, PP.
What's going on, everybody?
Super, super pumped to be here.
If you don't know me, my name is Wilson.
I'm the CEO and co-founder of Mint Media.
We are a media platform in the NFT space delivering highly consumable, fun, and educational content.
To anybody interested in NFTs, whether you're a vet or you're new, so we like to think that we kind of can hit everybody there.
Chuck, you want to give a quick intro?
Yeah, thanks, Wilson.
Also, thanks to the Pudgy team for making this a possibility and also for inviting us to be a part of it.
And as well as everybody else who's joined.
So thanks again.
I'm Chuck Bannister, CFO and head of strategy at Mint Media.
Partner with Wilson and kind of bringing educational content to, like you said, new and existing folks in a way that is crypto native and everybody can relate to and read and love and learn.
Really stoked to be on the night.
And they're penguins.
You missed the most important part.
Yes, yes.
Bro, it was funny.
It was funny planning this because, you know, we were in the early planning stages.
And I was like, you know, no matter what, we just don't want it to be a Pudgy Penguin, like Schillfest.
Like, we want it to be all different sides.
And then the people we land on who are the best for this alpha segment, which we knew we wanted to do, are the guys at Mint Media's.
And they're both like Penguin Maxies.
So just saying, guys, you don't know how far the tentacles reach.
All right.
It's kind of hard.
Yeah, it's kind of hard now to be a Penguin Maxie at this point.
Yeah, no, definitely.
We've been here for a while.
So all love for the penguins.
And I will, as always, do my best not to show them too hard.
But plenty of things get in the cracks.
But anyways, let's jump right in.
So while you guys were all, you know, having fun over the weekend on a yacht, wherever you were, I'm head down, you know, scrolling on Twitter, refreshing basically every minute.
Gathering as much data as possible, sentiment numbers and all that good stuff.
So, you know, really exciting week with blur and everything.
But if we take a look at the volume, the volume is continuing to slide.
And Sunday was actually the lowest volume that OpenSea had of the entire year in U.S. dollar value, which was around $7.1 million in transaction volume.
If you guys remember the PXN Mint, I think it was late April or early May.
That did more volume than all of OpenSea on Sunday.
So, you know, things are a bit rough.
But lucky for us, EAT's been pretty flat now for practically a month.
So the floor prices of a ton of projects, and I say a ton of projects by going off of the top 200 in OpenSea, aren't down as bad as you would expect with the volume declining.
It seems like there's so much exhaustion and so much undercutting that's just gone at this point.
People have really just given up.
Obviously, the highlight of this week was, you know, the launch of blur and that airdrop that's going to be coming in January.
So in under a week since launch, blur is doing over 10% of the total trading volume on ETH.
And it did more than gem on the second day.
And obviously, this is plenty of us trying to farm that airdrop.
But I think it's pretty left curve and obvious that this will definitely bring back some liquidity to the market come January.
So if you remember that SOS and that Lux airdrop that's coming up, if this is one-fourth the size of that, we're definitely going to get something.
So there's going to be action to come, whether it's good or bad.
So just be prepared for that.
Chuck?
Yeah, just to add to blur a little bit, I think it's actually really refreshing what they've done from a customer acquisition perspective with the airdrop.
And I think in the world of NFTs and crypto Twitter and everything where people are very maxi about whatever corner or project that they're in,
and it's pretty tribalistic, I think, blur in the strategy that they went with was really smart because they said,
OK, it's not just going to be the airdrop's not just going to be exclusive to everybody who had access to the beta.
It's going to be everybody who snuck around for the last six months who's just transacted in ETH and traded whatever it is that they were trading.
And I think that kind of comprehensive blanket approach was really, really smart for them.
But also, I think it's pretty refreshing to see this kind of holistic approach and trying to bring a lot of people together to onboard and using their platform.
So I'm pretty excited to see what the airdrop holds, but I'm also pretty, pretty pleased to see kind of a differentiated approach and how they're trying to include everybody instead of being exclusive.
For sure.
That was a great spiel.
And one of the things that we're going to dive into next is those blue chip projects.
But I know blur has an incentive program, they said, for buying and selling those blue chip projects.
So I'll give a brief overview of some of the niche trends that we're finding in these blue chips.
Now, obviously, the word blue chip is a little biased.
Everybody has their their different takes on what is a blue chip PFP.
I'm going to go by the typical 10K collection and 8000, including the pudgies that, you know, we all know and love.
But we've been seeing some really interesting action in this space that we haven't seen for a couple of months, because for the most part, the blue chips have been showing relative strength in this market.
But for the first time this in a while, some of them are hitting their all time lows.
So if we include the Yuga ecosystem, like the monkey pictures, they're trending down slightly, but nothing too crazy, kind of going with the rest of the market.
But other deeds are at an all time low.
We're seeing one point two ETH week bids, one point two ETH week bids being accepted right now, which we haven't seen yet.
But the ones that look really bad right now, and again, this is all data.
So please don't get mad at me.
I'm not trying to rip on your project.
I love them all.
But Moonbirds and Doodles just really look terrible right now.
Doodles is having a lot of trouble, you know, holding any pump.
They have super, super low volume.
And what we're seeing here with this project is that they're basically floating around their all time lows.
And Moonbirds, on the other hand, actually are the lowest they've been since mint day.
So it's the first time since, you know, around that 24 hour period since mint that we're seeing bids in the eight ETH area get accepted.
On the other hand, if we're looking at the strain here, Clone X looks solid.
It's still up pretty good from its August bottom.
It's up around 30%.
But Azuki is just, these guys can withstand all FUD at this point.
They're actually up 2X from their August bottom.
So most of the blue chip PFPs are actually up around 5% to 10% from August.
Azuki is up 2X.
So we're seeing a ton of stuff there.
Cool Cats is one that's struggling a bit.
I actually think they have the lowest volume.
There was like three sales the other day on OpenSea here.
They just have really low volume.
They're getting undercut.
But they've retraced that entire pump from the new CEO announcement.
And then finally, you know, the ones I love, my favorites, the Penguins.
We're doing okay.
We're doing decent volume wise.
We've been flat in this consolidation area for about four weeks now.
It's a super, super tight zone around 2.8 to 3 ETH.
The most interesting trend that I noticed with Penguins though, and you could say this is bullish or bearish.
I happen to think it's bullish is that whenever we're seeing sweeps, and this is around over the last, you know, two weeks, let's say, we're seeing sweeps of five to seven Penguins.
Almost all of these Penguins are above the floor.
So let's say the floor is 2.9.
You're seeing a few sweeps like 3.1 to 3.3 area.
And, you know, as a Penguin holder for over, well over a year now, I think it's because, you know, people buy their Pudgies that they love.
So they don't really care about the floor is much.
They're willing to bid up a little bit.
So those are some, that's a bit of the phenomenon we're seeing over there right now.
Chuck, I know you got some interesting things to jump in and add here too.
Yeah.
So I'd say, and this is a slight pivot from the blue chips.
I don't really have too much to add.
But actually, before I do that, I think the one other thing, just as it relates to Izuki, I think we all saw their skateboards where Izuki managed to raise $2 million from eight skateboards, which is pretty insane.
But, I mean, their thesis is, you know, they're basically digitizing physical assets onto the blockchain, which I think is a uber bullish case, use case for NFTs in the long term, whether it's digitizing ownership of homes, cars, watches, whatever it is.
And I'll see that, like there's another project, something token, they're trying to do something similar with their Americana marketplace in terms of digitizing ownership of normal goods.
I think it's going to, I think it's a great kind of segue into kind of opening the door for that, for that use case going forward.
For sure.
And one of the other trends that, you know, we've been seeing a bunch now, and we've been talking around for a while is paid mints are coming back.
So this week we saw, we saw two paid mints, Degenheim and Misfits sell out pretty quickly.
But what was interesting is that both of these mints absolutely screwed up.
So I think Degenheim was like, they delayed an hour and they had a really short whitelist mints window and that project still sold out in like seconds, not seconds, it sold out in about, I think, two minutes after the whitelist mints window closed.
And then it did a quick 2x before retracing.
Misfits was one that just got kind of screwed by OpenSea.
You weren't allowed to buy or sell.
This project like didn't really even have a lot of hype either.
And after that, they paused the mint, I think, for around two hours.
And they immediately minted out after the mint opened again.
So it's a really good sign that we're seeing these projects, you know, paid mints coming back, especially because with all the free mints, you have people that are boughting a large amount of these collections and they kind of dump on everyone.
And it's tough for these projects to survive when that happens.
So this is a really interesting trend.
And, you know, ETH being cheap makes this a lot easier.
But one of the things that I did want to point out, and I've been like stressing this to everybody I talk to, is be really, really weary of these projects that have like super, super large followings prior to mint.
So I like to use, you know, 80K as a number.
But I've been tracking a lot of projects, and I'm not going to say any specific names here, but there's so many projects that have minted within the last month with over 100,000 followers on Twitter.
And none of them have minted out.
A lot of them have cut supply to like, you know, 20%.
And statistically, I've been finding that the sweet spot for projects pre-mint, if you are looking to do that, is around 20,000 to 50,000 followers.
After that, you know, it gets a bit.
A lot of these projects are just engagement farming in order to register for the white list.
You have to retweet.
You got to do all that stuff.
You got to share it around.
You got to tag people.
So it's a lot of fake engagement.
For what it's worth, I think the Pudgy Penguins Twitter has around 80,000 followers.
There's no reason that, you know, pre-minted projects should have that much.
I think the most hyped projects now, like Valhalla, APR, Terrapin, Lost Realms, they're all in that sweet spot of around that 30,000 to 50,000 follower range.
Excuse me.
So that's really where you want to be there.
But, you know, keep an eye out because I know a lot of people are still trying to whitelist, farm, to get on some of these really hyped projects.
And, you know, a lot of it's misleading.
And, you know, a lot of newbies to the space come in.
They might see an anime PFP that they think looks really cool.
The Twitter's got 150,000 followers.
And the next thing they know, they lose a free ETH rushing to mint.
So, you know, always do your due diligence and always kind of ask yourself, like, why does this have such a large following?
Yeah, 100%.
Agents, you want to give it a toss to Alex?
Pump up that purple button in the bottom right?
Yeah, yeah, yeah.
We got to do a little housekeeping, ladies and gentlemen.
A little bit of housekeeping.
Before I show the bottom right, I just want to say...
The speakers on stage do not condone or provide any financial advice during this space.
If for any reason at all you believe any of what's being mentioned on this space to be financial advice, please hang up the phone.
Dial 911 immediately.
And now, last thing before we toss to Alex here is bottom right, guys.
We're giving away a little pudgy.
All you got to do is retweet and leave a comment.
Bottom right of your screen, that little chat bubble.
And now, to the one and only, the man who needs no introduction, but I'm still going to introduce him up anyway.
Alex, the CEO of Nansen, one of the premier NFT analytic tools in this space, and a man I might say has wonderful, impeccable taste in pudgy penguin face traits.
And that's not me pumping my own bags.
I really like this face trait.
What's up, Alex?
Thanks for coming on, man.
Thanks for having me.
I love that disclaimer, by the way.
Very good.
Yeah, thanks.
I wrote that last night.
Now, Alex, I've seen you in and out, a ton of different spaces, a ton of different places online.
But for those of you who don't know, can you tell us a little bit about your journey in crypto and what led you into founding Nansen?
Like, how did it all come about, man?
Yeah.
So, the first time I heard about crypto was probably 2013, when I decided that Bitcoin was only ever going to be used by money launderers and criminals, like your average boomer.
So, I ignored it for many years.
And in 2017, I discovered Ethereum.
There were some engineers at the company where I was working who were very passionate about it.
So, I kind of picked their brain during lunch one day.
And I was relatively quickly red-pilled on Ethereum.
And I liked the idea of how Ethereum was more of a platform bet.
I always felt that Bitcoin, maybe this thing, the blockchain thing will take off, but I'm not sure Bitcoin is the right coin.
Like, it's the first coin, fair enough, that has a relatively high degree of adoption.
But I wasn't sure if I was betting on the right horse.
But with Ethereum, I felt like you're betting on the infrastructure layer.
So, if someone's going to make another coin that's going to take off, it makes sense that it might happen on Ethereum.
So, from an investment perspective, I figure that Ethereum might be a better investment.
And also, I like the concept of how you could permissionlessly create applications.
As well as, like, later on, I think I appreciated also that you could get this kind of composability aspect where you can build on top of other people's protocols and projects.
So, anyway, to make a long story short, I fell down the rabbit hole.
I left my job a couple of months later to move from Barcelona to Hong Kong, where I joined a project that was financed through an ICO.
This was literally at the peak of the ICO boom and subsequent bust.
About 10 months later, I was laid off, along with everyone else in the team, because somehow $15 million had disappeared, or at least they couldn't pay our salaries anymore.
And so, I was – basically, you could think of this as joining the ICO when ETH was like $1,400, and then getting laid off when it was at $80.
It was less than a year later.
So, I had to figure out what to do next.
And one of the guys I had hired for my team at that company was Yevgeny, who is now one of my co-founders at Nonsense.
So, we spent nine months working on different things.
He worked a lot with Google, helping them with publishing Ethereum data sets in BigQuery.
That's one thing he was working on.
I was working on – actually, I worked with ZeroX, the decentralized exchange protocol, for almost half a year, helping them get more analytics on slippage and things like that.
And worked a bit with a really exciting Vietnamese mobile gaming company.
And then, we ended up co-founding Nonsense in 2019, late 2019.
And we launched the product around April 2020, one month after COVID was to clear the global pandemic.
And then, we hit the ground running with DeFi Summer a few months later, where we grew a lot.
And then, the year after, we launched NFT features, which made us grow even more.
And now, we've grown the team to about 150 people since then.
So, it's been a fun journey.
But basically, what we do with Nonsense, for those who don't know, is we probably have the best overview of what actually happens on the blockchain.
And in this world, this multi-chain world, it's actually on blockchains, in plural.
We have more than – I think we have 11 blockchains that we support with Nonsense Pro.
We support, I think, almost 45 blockchains with Nonsense Portfolio.
If you're tracking, you know, how your assets are performing in one place, you can do that with portfolio.nonsense.ai.
And so, I think we have the best overview of what happens on the blockchain in real time.
And the unique insight, I think, we had when we started the company was, it's not enough to only have blockchain data.
You need to enrich that blockchain data with labels and entity data and so on.
So, it's not enough to just know that address ABC sends $1 million to address 123.
You want to know that this is like Alameda sending $1 million into their Binance account, which is the kind of granularity you get with Nonsense.
So, that's quickly about me and about Nonsense.
So, you guys are – you have set the bar when it comes to, like, tracking data and analytics on NFTs.
What's been one of your biggest challenges innovating in a space that's constantly changing?
I think – yeah, it's a good one.
I think there's always kind of two opposing forces where you want to think long-term and you want to build an organization that is resilient and that can adapt.
But at the same time, you want to stay very close to what's happening at the frontier of crypto.
And so, this is, I think, going to be a constant struggle for us but also other crypto companies that you don't want to grow so big and slow that you lose touch with what's happening at the frontier.
But at the same time, you do need to have scale in order to do certain things.
Like, if you want to support, like I was saying, you know, 40-plus blockchains, you do need to have a certain amount of scale on the engineering side and so on.
So, the tension between those two things is kind of a constant one.
I think for a while, while we were scaling up the team, like we went from, you know, let's say 25 people to 150 in like one year.
There's, of course, some investment that you have to make in onboarding people and so on.
I felt that we maybe slowed down a little bit during that time.
But in the last few months, I feel like we're starting to ship more frequently.
So, I'd say that's maybe the general challenge that we have.
What was the NFT that red-pilled you?
Was it penguins?
Because I know you're passionate about your penguin.
You wear it on stage.
You do everything with it.
I think it was actually Axie Infinity that red-pilled me.
Gotcha.
Yeah.
So, that was, funnily enough, it was back in 2019 when I was working for this Vietnamese mobile gaming company called Ammonotes, which no one has heard of.
But they're like a top 20 publisher in the Google Play Store across all their apps, which is incredible.
Just two Vietnamese guys who co-founded this company, took no venture funding, just bootstrapped this incredible company.
I think they have 2 billion app downloads across all of their apps.
They didn't do Flabby Bird, did they?
I know that was a Vietnamese company.
Yeah, yeah.
That wasn't them, but that was also a guy in Ho Chi Minh City, I think, or at least in Vietnam.
So, there's a huge, there's a thriving gaming scene in Vietnam, which is really exciting.
And while I was in Ho Chi Minh City, that's when I met up with the Axie team, and I visited their then small kind of scrappy office in Ho Chi Minh City, right next to Bui Vien, one of the big party streets in Ho Chi Minh City.
And I ended up seed investing in Axie, which was a good decision in hindsight.
I think we were only like three individual angels, and then, of course, some VCs as well that invested in that route.
But yeah, so I think Alex, the COO of Axie, sent me some Axie NFTs, and that's probably when I started exploring NFTs.
And I think maybe they also set the stage for me engaging with Pudgy Penguins, because one of my key investment pieces in investing in NFTs is that you should invest in cute NFTs.
So, I think it primed me for investing in Pudgy Penguins.
This guy didn't get red-pilled.
He invested in Morpheus.
He, like, owned a piece of Morpheus, and Morpheus turned around and said, hey, here's this pill.
You own a part of it.
That's crazy, man.
Moose, you got your hand up, bro.
Hey, Alex.
Alex.
I love you.
And let me ask you a quick question.
How do you feel looking at your penguin every single morning, every single time you tweet?
How do you feel?
Oh, man.
I feel good.
That's what penguins do to you.
They just make you feel wholesome.
You scroll past the penguin in your Twitter feed.
You smile.
You know, that's all you need.
Fundamentals.
Yeah.
That's all you need.
I feel like looking in the mirror, and the mirror just has this beautify filter, and it
turns me into a blushing penguin with a blue kimono and a Viking helmet.
That's how I feel.
Oh, my God.
I know exactly how you feel.
It is a good feeling.
Wait, Alex.
You're Scandinavian, though, right?
Yes, I am.
Hence the Viking helmet.
Is that presumptuous of me?
You can probably tell from my somewhat generic European accent that at least I'm not from North
America.
From?
Yeah.
All right.
Yeah.
That was out of pocket.
Sorry.
One thing I love about Nansen is you guys are kind of building your own penguin army over
there.
Talk to us a little bit about that.
It's almost like you show off your penguin.
I know it's not forced, and you're not shilling it on your employees, but it's almost like
I don't know many Nansen employees that don't have a penguin or a little.
Yeah.
I'm not 100% sure how it happened.
I think a few people, probably for the same reason that most people buy budget penguins,
they like the vibe.
They look good.
They like the community.
They end up buying it.
And of course, as you're exposed to people you follow on Twitter, so you're probably going
to follow some of the people you work with, you get somewhat influenced by them having
pudgy penguins.
So there was a bit of a wave.
I think it's interesting.
It was like right before this kind of revival of the pudgy penguins price a few months ago
when everything else was kind of going to shit.
And then pudgy penguins started pumping.
So yeah, I don't think there's any particular...
We don't have like a pudgy penguins inside circle at Nansen, and we don't really talk that
much about penguins.
But for some reason, I guess people who look at on-chain data, they see something, and they
ape in.
What can I say?
I love it.
I love it.
So Alex, I think we talked a little bit about marketplace aggregators like Blur, and Nansen
is really like a data aggregator.
So I'm curious about where you see Nansen's role fitting in with companies like Blur, and
what do you think about Blur?
What do you think about the trend of market aggregators, Genie, Gem, et cetera?
It's really interesting, right?
I guess you can first think about them from the context of just marketplaces.
And if we start with OpenSea, which I consider to be one of the products in the Web3 space
that have the deepest moat, there was kind of an attempt to overtake OpenSea with LooksRare,
which was effectively, let's do the same thing as OpenSea, but then issue a token and make
the community-owned open source, et cetera.
And I think many of us assumed that there's a really high chance it's going to flip OpenSea,
because it's kind of like the same product, the LooksRare team shipping super fast, and
they're giving out incentives in the form of tokens.
But what at least I learned from that is that OpenSea's moat is much deeper than I first
thought, and that makes it, like, LooksRare didn't succeed, at least not yet, at overtaking
OpenSea, even with this approach of incentivizing kind of a vampire attack.
But then later on, you had Gem come along, and we saw that Gem actually started growing
really fast, no token incentives, just genuine product-market fit.
And so I used to think of OpenSea as kind of an eBay of NFTs, and if you have all the inventory,
then you're king in marketplaces, right?
If you, as a consumer or buyer, you would basically go to the place that has the most
inventory.
If you're looking at the Penguin floor, you want to make sure you have the full inventory
available to buy.
It's not very interesting if you only have, like, 10 or 20% of all the inventory listed.
And I think that was the thing that made OpenSea have this deep moat, that it just had
the most inventory.
But with Gem, they are aggregating all the inventory.
And this is where the analogy with eBay breaks down, because there is no way to aggregate
eBay's inventory for a third-party platform, at least no easy way.
But since marketplaces are programmatic, you can basically index it, and you can route trades
down to OpenSea's own smart contract.
And so Gem, I think, was the first product that really started chipping away at that note.
And, of course, as we all know, OpenSea ended up acquiring Gem, I think, very wisely.
And also, it was an incredible kind of exit for the Gem founders who had been building this
for, frankly, not that long.
And so I think, you know, aggregators, it makes perfect sense that they are growing very
fast.
I have to admit, I haven't looked that closely at Blur yet.
I know a lot of people in our team have been looking at it more closely.
I haven't had the chance to play around with it so much yet.
And so going back to your question on kind of analytics or data aggregators and marketplaces,
I think, you know, these two categories will probably converge for at least for a while.
The rationale being that, you know, marketplace aggregators probably want to add more analytics so that
they can make their users kind of have everything in one place.
At the same time, I do think there's also an argument to be made for analytics providers
also adding trading functionality into our interfaces.
And to be clear, that's not something Nansen is focused on right now.
I think it's something that we might do in the future, but we are 100% focused on the information play.
Like, we only want to make sure that we are the best in the market at giving people analytics and insights
and things that they can actually use to be better at investing and trading.
So we're 100% focused on the information play.
As soon as you start dabbling with transactions, there's a lot of new kind of attack vectors that show up when it comes to security.
And there are lots of additional challenges you have to take on.
So we're not focused on that today.
I think in the future we might be.
But I would probably rather work with the NFT marketplace aggregators and make sure that there are ways that if you're trading on whether it's Blur or even Magic Eden, OpenSea, Gem and so on,
there are ways that you can use Nansen in context with using these other marketplace aggregators.
The one other maybe sort of parallel you could look at is just general crypto trading.
And you can sort of break down the top websites in crypto into two categories.
One category is exchanges like Coinbase, Binance and so on.
The other category is information providers like CoinMarketCap.
And if you literally just Google crypto, you will find kind of like interleaved, you know, one exchange, one information provider, one exchange, one information provider.
And I think, you know, it makes sense that you have both of those two categories and that they, you know, the information providers focus on information.
The exchanges slash marketplaces focus on trading and investing.
And I think it is kind of hard to cross over and do both things really well.
One thing is just a resource and kind of product focus perspective.
But the other one is that if you're an exchange or a marketplace, it's not that easy to be considered neutral.
Right.
And you could argue like, why, why isn't Binance like the main analytics source or information source for crypto trading?
Why isn't Coinbase the biggest one?
Because they're obviously massive companies.
But I think one key reason is that people just wouldn't trust it as neutral when it comes to looking at all of the exchanges.
And we know from the acquisition of CoinMarketCap that many people were hesitant in, you know, using CoinMarketCap.
Of course, they're still the biggest ranking website.
But many, it opened up the door for many people to switch to CoinGecko, which was perceived as more neutral.
So I think, you know, it'll be interesting to see how this plays out with NFTs, whether people will have similar feelings that, hey, maybe the analytics you're seeing on a marketplace, you know, isn't going to be 100% neutral.
Because they're, of course, incentivized that you trade on their marketplace, whereas the information providers like Nelson, like we can be 100% neutral.
And we just focus on getting our users the best information possible.
So those are some thoughts, but it's obviously a big topic.
Yeah, I love it.
Thanks for going in depth.
It's super interesting to hear your perspective.
And I think analytic objectivity is something that's really lacking in this space.
So it's super good to hear that y'all are trying to spearhead that.
Yeah.
And just expanding on this a little bit, Alex.
So like you guys at Nansen, you're focused way more on the data blockchain.
It's hard-coded.
And, you know, a business like an NFT project is more focused on, I don't know, the general market sentiment and stuff.
I guess the point I'm trying to connect to here is like this Reddit narrative thing that's popping off.
I'm sure you've heard about, you know, now the thing, it's out with NFTs and in with digital collectibles.
I mean, does this kind of, you know, how we're reaching out to people outside of crypto, does it factor into Nansen's everyday business?
Are you guys more focused on the people who are already here and participating in the space?
That's a great question.
In the short term, I think Nansen has the strongest product market fit with what we consider crypto natives.
So people who are already really plugged into crypto.
And that's, I think, the user segment that we can serve the best.
And there are some advantages to being really focused on crypto natives.
The first one is that we don't have to spend a lot of time explaining relatively, you know, simple things to our users because we just assume that people know what an NFT is.
We know they know what DeFi is and so on.
The other thing is that we don't kind of end up oversimplifying or kind of dumbing down our product too much.
Of course, we always want to make it easier to use.
But if we, you know, have meetings, let's say we would have product meetings with banks or, you know, TradFi players who don't know anything about crypto.
And then we went out and took their feedback to change our user interface.
That would probably come at the expense of the crypto natives who, frankly, have a much more sophisticated when it comes to crypto and NFTs.
So our focus has been and in the foreseeable future will be on crypto natives.
We feel like that's where we can really become dominant as an analytics product.
So if we think a bit more longer term, it makes sense for us to expand beyond crypto natives.
And I think it's good for the whole space if we can serve people who are coming in and just learned about NFTs or digital collectibles, digital assets last week.
But we, I think of this as kind of a, again, like another analogy here to me is Tesla.
So Tesla built the Roadster and from the outside, it kind of looked like, well, they're building a product for the rich enthusiasts.
Right. But it was always part of a plan to do bigger things than that and to reach out to a larger customer base.
But it makes sense for them to focus on Roadster first because they're able to develop a lot of useful technology in building the Roadster.
They're able to fund their factory expansions.
They're able to get the brand out there to kind of get a strong core community of happy customers.
And then they can build the Model S, the Model 3 and so on later on.
I think of Nansen as a bit similar and probably Nansen today is at the Roadster stage, whereas, you know, in a few years, I think we will have the, maybe less than a few years, we will have the equivalent of like the Model S and eventually the Model 3, which means that more people can engage with our product.
But it's really important to think about this sequentially.
And so the core focus for us right now is to look at the crypto natives.
I think that's still a really big segment and really interesting to pursue.
And then once those pioneers succeed and they become winners, you know, they will bring in more people and they will recommend Nansen to people who are coming in because that's their kind of information product of choice.
So that's how I think about it from a go-to-market perspective.
What are your thoughts on projects having their own marketplace?
I know Pudgy, we just came out with our own, you know, a couple months back.
I think the whole general idea with that is it's a general place that you can send new people who are interested in your project to and they're not getting scammed.
You know, we even have flags up on the marketplace if the object is flagged on OpenSea.
I saw an argument last week with a bunch of people just arguing that, you know, projects, like, what's the point?
Like, why don't you just send people to OpenSea?
But I really think it's a valuable tool to send people to that particular site if they're a newcomer and not just think, you know, let's take care of the people who are already here.
What are your thoughts on marketplaces that we can just send new people who want a NFT that don't know where to buy it, like a real one?
I actually hadn't thought about it from that perspective, but I do think it makes sense.
It's a more permissioned or more controlled user experience where you can basically be sure that there are no scams being listed.
So I like it.
I like that perspective.
I haven't looked that much at the data on adoption, liquidity, volume, inventory in terms of listings.
But anecdotally, I do think that people still tend to go to Gem or OpenSea because that's kind of what they're used to.
And there is a risk that you would sort of fragment the liquidity if you have all of these different marketplaces.
But I do like the – I think it's always about positioning, right?
And different marketplaces can have different strategies.
So if the strategy of a kind of primary marketplace, if you can call it that, for Pudgy Penguins or other NFT collections, if the strategy of those is to be kind of the first place you go and make that a really friendly, simple user experience where you know there's not going to be any scams, that makes a lot of sense if you think about where you should play as a marketplace.
And then you're kind of – you're not saying we're trying to out-compete OpenSea on Pudgy Penguin inventory and trading volume.
You're just saying, no, we're explicitly focusing on the newcomers that are coming in and trying to make that easier for them and safer.
I think that makes sense, and I hadn't thought about it from that perspective.
But, yeah, I like that angle.
And then you should really focus – go deep into that customer segment, right?
And understand someone who's never bought an NFT before, like, user tests the hell out of that marketplace and get feedback on how you make it easier to use and iron out, like, any issues they come across when they start using it.
I'm not sure, you know, we're there yet when it comes to, for example, the Pudgy Penguins marketplace because crypto user experience is notoriously difficult with having to create wallets and all that stuff.
But I do like the idea of maybe there's, like, direct purchase through fiat or something like that could make it much easier to onboard into the NFT space.
Yeah, I think that conversation becomes all the more relevant.
Again, going back to this Reddit thing, I mean, if you try to go through that rabbit hole as someone who knows nothing about NFTs or Web3 aside from what you see getting memed about online for the past two years, you know, in a quote-unquote normie world,
there's no reference to Web3, decentralization, tokens, nothing, but they're all based on Polygon, right?
Yeah.
So, to your point, like, the user experience and how can you make this as seamless as buying a Fortnite Battle Pass on your Xbox, right?
Exactly.
So, I would say I really like the concept of making the marketplace the first entry point and where it's easy.
When people literally just Google Pudgy Penguins, ideally the Pudgy Penguins website and marketplace would show up first on Google.
I do think just looking at the marketplace right now, it still feels too similar to OpenSea.
Like, from a UX perspective, this isn't too different and it's still, you could argue, maybe relatively complex.
I mean, there's filters and stuff like that, which is useful, but maybe, you know, the user experience should be even simpler.
So, it does feel like, you know, understandably, it is kind of similar to OpenSea.
Maybe slimming it down and just streamlining the user experience towards, like, buying your first Pudgy Penguins would be helpful in terms of a product development strategy.
And I see a couple of people requesting to come up and that's great.
I think we'll reserve some time towards the end of the space to bring people up, if you're okay with that, Alex, to ask a few questions.
But, yeah, being, like, one of the best data analysts, well, the best trend analysts on the market right now,
what has been, like, the biggest WTF moment for you as far as trends go?
Was it the Kevins? Was it, like, the Freeman craze a few months ago?
What's been, like, one of the biggest, like, what the hell's going on moment for you?
Hmm. That's a good question.
I mean, maybe it's a boring answer, but I have to say it was definitely surprising, the whole arc of the Bored Apes ecosystem, like, how small it was.
It was kind of almost like a derivative or, you know, a spin-off or, you know, inspired by Hashmasks, which was, you know, inspired by CryptoPunks.
And when the mint happened for Bored Apes, it really didn't feel like it would become this enormous project.
And so just seeing how they've been able to, of course, take the Bored Apes collection to, you know, an incredible market cap.
And then launching, like, these, the mutants and all that, making those valuable, and then dropping the ApeCoin.
And then somehow, almost, and then, of course, the other side as well.
I think, like, if you just kind of scroll back to when the mint first started, like, that's just an insane, an insane growth of that ecosystem.
And, and, yeah, frankly, I mean, I think a lot of the NFT wave owes a lot to the success of Bored Apes, and it became kind of this, like, you know, you can be the next Bored Ape type narrative.
And, yeah, I mean, I, unfortunately, don't own any Bored Apes NFTs anymore.
I did mint 40 when, when it happened.
I sold, like, all of them way too early.
Because I didn't delist them.
So remember to delist your NFTs, kids.
Hold on.
Oh, my God.
Hold on.
Alex, what?
Let's backtrack one second.
Please.
Did I hear that right?
Did you mint 40 Bored Apes?
Yes, I did, yeah.
Oh, my Lord.
Any rares?
Yeah.
What was the biggest fumble, man?
What's the one that keeps you up at night?
I want to know.
All of them.
I mean, so first of all, I discovered Bored Apes on Nansen.
Like, this is, I was literally on Nansen.
I was seeing, like, hot contracts, which is one of our features where you can see people engaging with new smart contracts.
And I was like, okay, this is, I think it was called Bored Apes, the contract itself, but I can't remember.
But I looked into it.
And then, you know, okay, there's a lot of activity going on with this contract.
Found out that it belongs to Bored Apes.
Went, but I minted 20.
And then I saw, okay, people are still, you know, aping this hard.
So I minted another 20.
Like, why not?
And then people started, like, messaging me about it.
Have you guys seen this new project?
And so on.
And I had some really cool ones.
The thing is, I minted on two different wallets.
And I can't remember.
So one of them is my public address.
So you can actually see in my history on my address that is tagged as Alex Vanovic in Nansen.
And which ones I minted there.
The other one was, let's say, a non-public address.
And I can't remember which apes I had in which wallet.
So I'm not going to be too specific on how good they were.
But there were definitely some of them that I still think were extremely cool.
And I listed, I sold them, like, the highest one.
I literally sold it for, like, 11 ETH or something like that.
It's ridiculous in hindsight.
But keep in mind, we minted them at 0.08 ETH.
So, like, selling it for 11 ETH, you're like, that's an incredible return.
Jackpot.
Yeah.
You know what I love about you, Alex?
You minted 40 bored apes, but you've rocked a pudgy penguin for over a year.
That says a lot about your bullishness on the penguins.
I also minted 20 on a non-docs wallet.
But I just want everyone to know, please send me 100 emojis in the audience.
Speaking of you being an active penguin, like, member for, like, you know, ever since close to mint.
Did you mint penguins?
I didn't mint, no.
But you've been around for, like, pretty much as long as we have on these things.
So, what is, like, it's been a hell of a ride.
What were your thoughts through, like, everything that we've gone through?
And then when Luca took over and just, like, what has been your thoughts on this whole situation?
Yeah, I think one of the key reasons that I'm so bullish on penguins, there are many reasons, but it's a very anti-fragile community because it's gone through so much stuff, right?
And you could see firsthand how resilient the community was.
And that makes you think that it has this kind of lindy property where basically, you know, because we've survived for so long, you're also more likely to survive for a long time into the future.
And, of course, the issues with the founding team and then having the wrapped penguins movement with Vincent Bandeau, I think, was super creative and really interesting, if you look at the history of Puddy Penguins.
And then getting Luca in to take over the project, and he's been amazing.
And he's really, I think, truly one of the biggest talents in the space when it comes to being a leader for a project in a very nice balance of being receptive to feedback from the community, listening, hearing people out, but also having a strong vision and taking charge and moving things forward.
So I think, you know, I think, you know, I'm super bullish on him as an individual.
And then generally, I do think that the fundamentals of Puddy Penguins in the aesthetics and the content, if you will, is really important.
That's, you know, basically the fact they're cute.
But also the ways that Luca and the team have been thinking a lot about how to produce good content around the brand.
Like, the gifts are a perfect example to me.
It's like, it's such a good example of how you can be really scrappy and strategic.
And it doesn't have to cost like $100 million that you have to raise from BCs.
You can just be scrappy and do smart things with the resources you have.
And the gifts are amazing.
Like, they're just super cool.
And you see them everywhere.
And so I think those are some of the, I think of it as like the three Cs.
You need to have like, you have the community, you have the content, and then you have the cuteness.
So the three Cs of Web3, they're all present for Puddy Penguins.
Too cute to fail, baby!
I'll tell you one thing that really sealed the deal for me, too, Alex, is in-person community events.
And I know you just experienced one in Singapore.
Yeah.
Tell us about that.
Like, was that your first like pudgy, pudgy event?
Yeah.
So I've been to two pudgy events in Singapore.
There was one small event that was organized at this place called, I think it's called the Parlor.
It's like a small NFT bar, which was really, really cool.
Very low key.
And then the next event we had was during Token 2049, which was actually, it was super cool.
Very, very unique vibe, I think.
So we showed up at the venue, we walked in, we all got like a badge, which was kind of a, think of it as like a template pudgy penguin.
So it didn't have any traits.
And then you could, there were like pens with, or with different colors.
And you could basically draw your own traits onto the penguin as your badge.
So instead of having a name badge, you would have like your own penguin that you had drawn by hand yourself on top of the penguin template.
And you had a really cool, like ice cream, ice cream stall.
You had the, I think it was called Arctic tonic drinks that were being served in the bar.
And then you had a little cinema or kind of a stage where you went in and watched the, this video.
I can't remember the name of it.
Like the storytelling video where you see this pudgy penguins like trekking out on the South Pole somewhere.
Um, so it had a very unique, wholesome vibe, which I think is also one of the characteristics of the pudgy penguin community, both online and offline.
That it's just, you know, really inclusive, positive, uh, friendly, uh, type of atmosphere.
And the people who are organizing it, you know, they're, they're really amazing.
They did another event this, this weekend here in Singapore.
I couldn't go to it, unfortunately.
Um, yeah.
Shout out to DJ and Dan down there.
I see you listening.
He's part of the community team.
Yes.
Uh, he's amazing job.
Yes.
Yeah.
So, so yeah, I mean, I, I, I'm, I'm really bullish on like the IRL aspect of NFT collections.
And I think pudgy penguins has a, has a really, really solid start there and we should keep doing more.
Uh, what I, what I think would be good is if we, we have kind of like a plus one system to these events where you can like bring a friend because that's how you, I think, get more people involved.
It shouldn't only be, that's the right balance of making it exclusive, I think, for the community.
But you also want to make sure that you're bringing in other people who might be interested.
So, and we might've done this, uh, I'm not actually not sure, but it's, we should have like a plus one plus two kind of system where if you hold a pudgy, you can bring a friend.
Are you going to be in Miami?
Unfortunately not.
Miami is like an insane flight from Singapore.
I think last time I went, there was like 30 hours.
Uh, with Maxi Infinity doesn't own a charter jet, man.
Like, they can't, like, hook it up.
Yeah.
You know, the, the Genesis jet.
Yeah.
That would be good.
That would be good.
30 hours.
Yeah.
That's insane, bro.
My back wouldn't be able to take it.
Yeah.
It's pretty rough.
There are no direct flights, basically.
You have to fly directly to New York.
The best you can do is maybe like 20, 27, 28 hours if you have like no delay, um, in New York.
So, pretty rough.
Yeah.
Hey, PP, you got co-hosts here, so I can't see if there's any, uh,
Uh, yeah.
Oh, yeah.
I will.
Does anyone want to come up and ask Alex questions?
Feel free to raise your hand.
We'll bring you up.
Uh, Luca, what's going over on?
Over there for you guys.
You still with us?
Nah, he's, he's just lending us the blue check, which I appreciate.
Those are expensive.
Yeah.
Um, nah, um, well, while we're waiting for those hand raises guys and, and really can ask anything.
I mean, we dove into blockchain and NFT, but you know, I, for one, wanted to know Alex's blood type because you never know when you need a kidney donor.
But while we're waiting for those questions, um, just want to plug bottom right hand corner, purple chat bubble.
Did you like, you know, did you like, you know, did you like, you know, did you like, comment, and retweet?
Oh, you didn't?
I guess you don't like the free opportunity to win a little pudgy.
Like, comment, retweet.
Can I get a hundred emoji in the audience, please?
Can we get some hundreds up in here?
Can we just get some hundreds up in here for all of this?
Everybody put this together right now.
I'm feeling like energy in the air right now.
Can we just get some hundreds up?
Ah, this is beautiful.
Thank you all so much for joining.
This means a lot.
And now we have a lot of people up.
Yes, I'm bringing up a bunch of speakers.
If you raise your hand, if you have a question, we'll get to you one at a time.
Uh, so just keep your mic muted.
If you act out, if you act like a sappy seal, just kidding, love you, sappy seals, we will
boot you from the speakers.
Wait, wait, PP, I forgot a shill.
I forgot a shill.
All right, what are we going to shill?
Make sure you guys follow Alex, all right?
Follow everybody up here.
Yeah, no, damn it, I messed it up.
Yeah, follow everybody on stage, not just Alex.
All right, you got me, PP.
Who do we got up first?
Bog was the first one to come in.
And speaking of Bog, Bog's been doing spaces like almost every single night.
I've talked to him a little bit about it, but every single night after we do a chill
with Pudgy Penguins, he's going to do an after party over on his page.
So if you want more penguin talk, go over to Bog's space.
Yeah, that was the shill alert.
What's up, Bog?
Yo, yo, yo.
Beaks out.
Shout out, PP.
Beaks out, Beaks out.
I have an unrelated question to anything, Pudgy.
I saw Alex Blake shredding some jazz a while back on the timeline.
And I was wondering, as a fellow guitar player, how long have you been playing and who were
some of your favorite guitars?
Ooh, that's a good question.
Technically, I've played guitars since I was six years old.
So that means almost 30 years, which is kind of ridiculous.
I went to, in high school, I went to performing arts high school.
So I studied guitar there.
I even had a final exam in guitar.
And I played, I think, everything from, like, Pat Metheny to Steve Vai.
So it was a bit of a mix.
I would say, and then I stopped playing for maybe 10 years after going to university and
so on.
I always liked playing in bands.
And I lived abroad most of my adult life.
So I didn't really have a band to play with.
But I've started jamming a bit with one of our investors here in Singapore, Dom, who works
at GIC, one of Singapore's pension funds.
And he's really cool.
And he's a really good pianist.
So I sometimes go and jam at his house on weekends.
Some of my heroes probably be maybe Pat Metheny, Joe Pass.
A little Sco, no Sco.
Not huge.
You mean, was it John Scofield?
Yeah.
I haven't listened to him so much.
Yeah, no Sco.
Yeah.
I would say also, damn, now I'm blanking on his name.
What's the guy?
The guy, was it Nelson Rogers?
The guy who played on Daft Punk, who...
Oh, Nile Rogers.
Sorry, Nile, of course, of course.
I always mix up his name and Prince's real name, which I think is Nelson Rogers.
Anyway, he's a really cool funk guitarist.
I also really liked, when I was younger, the Red Hot Chili Peppers, like John Crescente
and so on.
But yeah, I would say my taste in music is not that oriented around guitar music.
And recently I bought an Ableton Push, for those of you who are interested in music production.
And it's a lot of fun.
So I think, let's see, maybe I'll release some music at some point.
Maybe it's NFPs, you know.
Hey, you want to make us an intro song?
Yeah, what is an intro song?
Oh, yeah, that's a good challenge.
That would actually be sick.
It can be acoustic only.
Something for our transitions to segments.
And then subliminally, on a lower audio level.
Pudgy back, let's pudgy back, let's pudgy back, let's pudgy back.
You know, just do that.
That's a pretty good idea.
But I think, you know, Jonathan Mann's song about the power of pudgy penguins is genuinely
like a really good song.
That's, I'm sure you all have heard it.
Yeah, it's incredible.
All right, thanks, Bog.
I think the next hand I saw go up is, it is Jules.
Jules, you're next.
I see some more speakers up here.
You guys don't have your hands up.
I'm just going by hands.
So Jules, go for it.
I hope I'm not skipping myself, but I see my friend Ned's up here, and I want to say ladies
first, if that's okay.
Thank you, Jules.
I just came up here to ask about the comment section.
There's no comment section on my screen, but I'd love to participate.
Also, I'm next...
Have I been shilling something that doesn't exist?
I'm sorry to cut you off.
Yeah, absolutely.
If it doesn't...
If the chat bubble does not exist, why has nobody sent me a DM?
I was wondering.
I thought it was just because I was host.
All I have is like the blue...
Well, I will...
Yeah, I thought it was because I was host.
I will never...
There's like people in here, and they're like, what the hell is this guy smoking?
And yes, it is harvest season in the Northeast, guys, but I swear, I came to this sober and
ready to perform.
PeePee...
We messed up, Ned.
I'm sorry.
I know.
PeePee, I'm going to need a urgent 911 tweet from you.
I need you to tweet and just say, this is the entry form.
Follow Actually Agents.
Just tweet that, and then we'll pin it to the top, and we'll make that the giveaway.
So, thank you, Neds.
Sorry to cut you off and then go into a tangent.
Somebody stop.
I'm going to mute my mic.
Neds, continue with your question.
No, you're good.
Thanks for clearing it up.
Also, I want to say, I met a couple of you guys at NFCNYC.
I think Pudgy Penguins is my favorite meetup.
It was pretty lit.
We're playing ping pong and eating everything, and it was fucking dope.
So, I appreciate you guys.
Thanks for answering my question.
And yeah, thanks, Jules, for being polite.
Hey, thank you, Neds.
And before we get back to Jules here, the entry form is pinned at the top of the space, guys.
So, let me just, in through the nose, out through the mouth.
Guys, I'm going to need you.
Well, you don't need to like and retweet, because that's going to do nothing for engagement.
So, we screwed the pooch on that one.
All you need to do is comment on that pinned tweet.
This is the entry form.
Follow Actually Agents.
Follow PeePee, McGee.
Follow Moose.
Follow Alex.
Follow all the speakers.
All right?
We're not going to check that, but you should.
And that's the entry form.
You know what I'm going to say is, Farouk started a space a few minutes ago, and we had
more listeners without everyone retweeting the space, which is kind of cool.
So, Alex, you drew a big crowd, man.
I appreciate you coming up here.
I think, let's see, Jules, I'll go back to you, since you were very nice and let ladies
go first.
Awesome.
Yeah, thank you, thank you, thank you, thank you.
I just wanted to ask, kind of, because Pudgy Penguins is something I follow closely.
Obviously, I have a Denifields.
You probably have heard of Charles.
He's one of our-
Love Charles.
Yeah, he's the GOAT.
I love Charles as well.
And so, I would like to see Denifields reach a Pudgy Penguins level.
So, my initial two-part question is, can you give me the three Cs again, acuteness and
content?
And then also, what are some, like, tips that you think would help from a community member's
perspective that could help project a project into where it should be, if I would say that?
Yeah, the third C is the one you just mentioned there, community.
So, community, content, acuteness.
Actually, I'm not sure I'm the best one to answer.
You know, how to succeed as an NFT collection.
I do think the one thing that's truly universal for all NFT collections is community.
So, one thing is to think about getting a large community, which I think is how most people
think about it.
But sometimes the community doesn't- the core of the community doesn't have to be that
big.
Even if you have, like, 10 people, you are really, really active.
And, again, this is something we saw with Axie Infinity as well in the beginning.
I think some people think that Axie Infinity kind of came out of nowhere.
But they were really grinding for a long time, for many years.
And they had some really hardcore community members who were always present in their Discord
and so on.
And I think that's another thing that- it's the same with the- you know, think about token
projects like Synthetix.
In 2018, the whole crypto space was basically dead.
But you had a handful of community members in the Synthetix Discord who were super active
and they were able to kind of make sure that the whole project moved forward with some degree
of enthusiasm and that brought in more people.
So, I think community is just- it's almost a cliche at this point, but I think it is fundamentally
the one common thing that's- it's universal across not just NFT collections, but also any
crypto and web3 project.
But the community doesn't have to be like hundreds of thousands of people.
It can be quite small as long as those people are true believers and they work super hard
and they grind and they're smart.
Yeah, so that's what I would say.
I think that's what I would focus on making sure you have like a really solid, consistent,
hardcore community that shows up every day.
Thank you so much.
That's- that's definitely actually one of my focuses, obviously.
So, that's perfect.
Makes me feel like I'm doing the right thing.
Thanks for popping up, Jules.
I think the next hand I saw was Pick God.
Get Rich, I saw your hand go up next and then we'll go to Husker.
What's up, Pick?
Yeah, what's up, guys?
Thanks for having me on the space.
I think this is my first time ever talking in a pudgy space, so it's pretty dope.
So, just giving you a little bit of background on myself, I'm kind of like a BTC Maxie to
be honest, but I'm not dumb enough to realize, you know, ETH is going to go away.
I was never really involved in NFTs during the bull run up until, you know, Kaleo had a free mint.
I minted, just kind of watching the sidelines.
Kind of accumulated, kind of saw him bull posting about pudgies, thought I'd check it out.
Picked up a couple little pudgies, just kind of watching from the sidelines.
You know, seeing you guys here every day is, you know, the one thing that makes me really bullish on you guys.
Because, you know, I know I've been in crypto for a good bit of time, a little bit before the 2017 bull run.
But, you know, I understand that, you know, when a bear market happens like this, a lot of things just tend to die out.
So, it's really cool seeing some of these NFC projects like you guys in particular, like, thriving.
And my question for Alex really is, like, you know, you guys are, a lot of you guys have obviously been in the space for a long time.
And NFTs a lot longer than I have been.
I just kind of want to see, I'm kind of wondering, you know, what are you thinking this space is going to look like during the next bull run?
I know that's kind of a hard question to answer.
But I'm sure you've seen a lot of evolution in it so far.
So, I'm just kind of thinking, you know, what do you think it's going to be like going forward?
Yeah.
So, first of all, I think what you said resonates a lot with me.
And it's kind of the same thing I've told Jules now, right?
But you want to make sure that the community kind of shows up every day.
And in a bear market, that's what you have to do.
And if you, it's not something that you have to do just because it's a bear market, just because you have to show someone.
It's like people who are genuine believers who think that this is a project that will last and we're here to stay.
So, thanks for making that comment.
I totally agree.
For the next bull run, I think mostly, like on the one hand, I want to say it's impossible to predict.
If we look back to the last bull market, it kind of ties back to what I was saying earlier that you had a project like Synthetix, which actually had a very strong community.
And then the catalyst for the bull run was actually DeFi Summer, which was pretty much a bunch of, it was Synthetix itself, but it was also a bunch of like forks and derivatives of Synthetix.
Of course, it was more than that.
But there was actually a connection between one of the key projects that had strong community and the levers throughout the bear market that basically sparked the next narrative.
And so, maybe there's a chance that something similar will happen here.
I personally think that the Web3 gaming space looks, it feels in some way a bit similar to DeFi because on the one hand, there was a lot of enthusiasm back in 2017 and 2018 on ICOs.
And then there was a lot of dissolution afterwards.
But then you had a few projects that did really well afterwards.
And I think maybe something similar will happen with Web3 gaming where, you know, a lot of projects raise money.
Games are incredibly hard to build and most of them will disappoint.
But some of them will probably explode, like a handful of them.
And so, maybe the next bull run looks something like, you know, a handful of these Web3 games taking off.
But the thing is, it'll probably be harder for, it'll be harder to fork and replicate games than it is with DeFi protocols, which were frankly very easy to fork and just create kind of kimchi swap and sashimi swap and all these different things.
So, we don't know that this will happen, like it's hard to build games, but it seems like just from statistics, you should at the very least have one game that succeeds.
And if you have one game, then that becomes the guiding star, just like Bored Apes in a way has been the guiding star when it comes to NFT collections.
So, yeah, I think Web3 games are also a chance for people to do some scouting and researching and finding projects that are actually delivering.
Of course, a lot of the projects will not deliver.
Many will just run out of money.
Others will not run out of money, but they will create like crappy games that people don't really, you know, vibe with.
So, I would, if it's like one sector that I would be interested in exploring more, it's Web3 gaming.
With, you know, the knowledge that a lot of it is going to go to zero.
And like, if you look at the sector as a whole, it obviously is not performing well now because there was so much speculation and enthusiasm around the projects when, in fact, it takes years to build really good games.
Thanks, Alex. I appreciate that.
And I got one more question, if you guys don't mind, and it doesn't have to necessarily be just for Alex.
It can be for anyone up here.
It kind of relates to the gaming in the sense of utility.
You know, like, I was wondering, like, what are your guys' views on how important utility is in an NFT collection?
Because when I think about, you know, NFT collections, the big thing for me is I think it's networking.
You know, obviously, you guys are all pudgies up here and you guys are all willing to support each other, you know, which I think is awesome.
And honestly, the biggest thing that probably draws me to the NFT space.
But, like, when I think about NFTs, you know, I'm not really expecting real-life utility.
I know you guys, you know, have some in-person meet-up events and stuff like that.
And I know you guys are, you know, working on the toy collection along with the fishing game and all that stuff.
Obviously, that's not something every single project is doing.
But I just want to know, you know, like, you guys view utility as a super important thing when looking at a project.
Is it something you don't really care about and it's more about the community?
That's all I'm kind of wondering.
All right.
As an extreme smooth brand, in regards to, like, the video gaming NFTs and, like, what utility can we see from video game NFTs?
I really hate the play-to-earn model.
I don't think it's really going anywhere.
I think that when you relegate the utility of the game down to earning real-world usable money, it's just going to lead to a min-max-type gameplay that some people love.
I do not.
All right?
I've played play-to-earn video games in a different way.
Like, Fortnite, one of the best things about Fortnite Season 2 to 3 is you could play that and earn enough V-Bucks through the Battle Pass to buy the next Battle Pass.
Right?
And I bought skins because I wanted to flex on my friends.
So it was, like, a completely free game that I spent $250 on and had illusions that I was going to go pro but never even made it close.
And utilities for other NFTs, personally, it's just got to be doing something different.
Like, I don't think there's ever going to be a profile picture utility, like an online digital identity that's going to strike me so much that it's going to replace my penguin.
Because me, personally, I have my personal brand outside of the crypto space kind of invested in this penguin.
Not financially, but just from a branding perspective.
You know, I've plastered this penguin all over, actually, agents for over a year now.
So, you know, it's just got to be something different.
And it's like, we have all these different products that dominate all these different spaces.
End rant.
Extreme smooth brain, by the way.
Not financial advice.
No, I'm kind of with you, agents.
I think if the utility is there, is there, great.
But I wouldn't, like, place your entire project's thesis on the utility of the NFT.
If there's not anything else there but the utility, in my opinion, it's not worth getting.
Because, like, you're missing out on those three Cs Alex talked about.
And, you know, without the utility, we still have, like, these cute-ass penguins.
We still have, like, the best community in all of Web3.
And what's the other C?
Alex, help me out here.
Content.
Content.
Yes, we have the content.
So, I think, I like to think of, like, PFPs as almost like a virtual country club.
I don't know if you guys know what a country club is.
But it's like a get-together place for people to come together.
And, like, I'm sorry, but if I'm, like, starting a business and I know that you're a penguin holder,
I'm more likely to hire you.
And just because I know, I pretty much know every single penguin that I've met has been, like, one of the most amazing people I've come across.
There's only been a few bad apples.
Bercow.
Bye, Bercow.
No, but it's true.
Like me, trust me, do business with me.
My grandfather, one of my mentors, drilled that into me.
And the moment I see the penguin, I already like you.
So, it's easier to trust you.
And if it's easy to like you and trust you, I'm more likely to do business with you.
Hopefully, that answers your question, Vic.
Like, utility is great, but it's not something I would, like, set the whole bank on.
Yeah, man, I appreciate you guys giving me the answer.
Thanks for having me up on the space, right?
Pass it over to whoever's next.
Yeah, I think I was get-rich.
Sorry, Husker, love you, but I think he has his hand up first.
Yeah, I was wondering what you guys thought of the new App Store banning of the NFT functions.
I thought it was a reverse banning.
I need a quick rundown.
When it comes to non-fungible tokens, and Apple made it clear, you can sell related content using the App Store in-app purchase system.
However, they can't direct customers to purchase mechanisms other than in-app purchases.
Apps may be used, basically, according to Apple, apps are designed to exclusively let advertisers manage their campaigns no longer in need.
Basically, you're not allowed to give in-game benefits with NFTs and stuff.
Maybe it's Apple clearing the competition field for when they launch their NFT Reddit Trojan Horse integration Dominate Web 2 on Polygon.
Yeah, something.
Something.
Yeah, I mean, I don't really know too many apps that were really...
I'm sorry, I don't know of any...
There's no relevant projects I know of that were wholly subsisting on App Store revenue, so getting shut...
I don't think it sends as big of ripples as people might think.
I think in a bear market, we're just trying to grasp onto narratives.
Yeah, I'm kind of with you, too.
And you've got to think back on Apple's...
I'm old enough to remember Apple's first iPhone.
They didn't have an App Store, and people were jailbreaking their phones to put new apps on it.
And they were like, you don't need apps.
All you need is what comes on the phone.
Trust us.
And then they came out with the App Store.
So I think for them to make this move, it's also...
They acknowledge that these things exist.
And they're just setting themselves up for the future by acknowledging they exist.
So I think you've got to look at it like that.
Just because Apple says this doesn't mean NFTs aren't going to exist.
That's the beautiful thing about decentralization.
So, yeah.
We're still here.
Alex, any thoughts?
Sorry, can you repeat the question?
I was retweeting some Spaces tweets.
As a business owner, entrepreneur, CEO, founder, what do you think of Apple updating their terms and conditions to ban some of these NFTs?
NFT purchasing, I guess.
I'm sorry, Gertrude.
Rich, look, I stole your question.
Now I'm asking.
Why don't you re-ask it, Gertrude?
Okay.
What Apple's doing specifically is apps may not use in-app purchases.
Basically, you're allowed to buy NFTs with in-app purchases, and they're not allowed to unlock features within the game.
That's dumb.
I don't think that will last.
Yeah, I'm with you.
I mean, I think, yeah, I'm with you, Alex.
I'm dead.
Yeah, that's dumb.
Thank you, Gertrude.
Husker, you've had your hand raised for so long.
How are you taking notes with that hand raised up in the air?
What's up, Husker?
Patient, touch your penguin.
Dude, my hand's getting soared, but thanks, guys, for letting me up here.
Alex, I just have two questions for you, man.
Number one, incredibly important question.
What's your favorite gift that doesn't include your own penguin?
And then number two, you don't actually have to answer this.
I'll take an emoji, like a fist bump or something like that.
But is the superstar in the spaces with us right now?
Oh, Dan, I can't answer the second question.
The first question on my favorite gift is probably the one where the penguin is eating popcorns,
like lying on the beach or whatever it's doing.
That's my most frequent gift, I think, that shows up.
It's pretty good.
But, I mean, they're all really, really good.
I agree.
Sweet.
Thanks, man.
I got a question.
While Husker's up here, Alex, since Nansen intern is no longer an intern,
do you need a new Nansen Nansen intern?
Because if you do, Husker is freaking amazing.
He does these cliff notes for every single AMA that we do.
I'm just throwing your name out there, Husker.
Love you, brother.
I love it.
Yeah, we are going to take on more interns going forward.
So, happy to explore.
All right, I just saw Cantor's hand go up.
We have two of the most entertaining people on stage right now, Alex Cantor and Hedgwin.
Hedgwin, I think your hand was up first.
Hedgwin, go ahead.
So glad to be up on stage with such distinguished innovators in the space.
My question for Alex is to fold.
From a CEO's perspective, how do you manage cash flow, growth expectations, and company size in a vertical,
with massive volatility and demand and attention for your top deep analytical tools?
Number two.
What is your secret sauce to stay on edge and avoid burnout?
Thanks for your support and love of the Pudgy community.
Viking hats are gonna make it.
Beaks out.
That's hilarious.
Wow.
Yeah.
It's hard to answer that.
Yeah.
Yeah.
How do we manage cash flow?
I feel like that maybe wasn't the question.
It was more like a performance.
And it was a very good performance.
He does that.
He does that.
We love Hedgwin.
Worth the follow, Alex.
If you don't follow Hedgwin, a little backstory on Hedgwin, he popped into a Twitter space as we were going on our recent run up.
He was like, should I buy a penguin?
We're like, yeah, sure.
Like, we had never seen him before.
And he's like, okay, I have purchased one.
And it was like this, like tough for like nine ETH.
And he's just been like a killer part of the community ever since.
Okay, I'm not following Hedgwin.
Yeah, it's worth the follow, Hedgwin.
I'm going to shill your account to 10K quickly.
Everyone follow Hedgwin.
Hey, and while we're shilling, hold on.
While we're shilling, before we go to Cantor, pinned at the top of the space, ladies and gentlemen, this is the entry form.
You've heard me talk about the little pudgy that we're giving away.
We kind of fudged the engagements or whatever.
That's the entry form.
To enter to win a little pudgy.
And we're not even boosting the space or boosting the radio wave, boosting the frequency, whatever.
We're just trying to give you a little pudgy.
So go comment.
Now, Cantor.
Cantor.
Yeah, Cantor came into a space with me and Moose one time and absolutely blew me away with his impressions.
But yeah, what you got, Cantor?
I really appreciate that.
It's funny that you and Moose were really impressed by that.
Because I feel like that's just like some random fucking autistic quirk that I have.
It's not like, you know, like, oh, crypto hedge fund manager.
Oh, you know, world touring musician.
Nope.
He does a really good shaggy impression.
Does a really good Rick and Morty impression.
Really good Mickey Mouse.
Like, that's why I'm going to follow this guy.
Yeah.
Oh, what's the next holiday?
Not Thanksgiving.
Oh, I'm going to get her for Hanukkah because I'm Jewish.
Whoa, whoa.
Hold up, bro.
That's that's dangerous territory because this is going out on a podcast and I don't need the mouse on my back.
So give me Rodney Dangerfield or something.
Like, you couldn't have picked a little more.
Yeah, give me something a little more free use.
All right.
All right.
Here's it.
Here it is.
Cantor.
Ask Alex your question.
But in a yogi bear.
Give me a yogi bear version of your question.
OK, because when you have to do that, it's like a lower baritone.
This is to Alex, correct?
Alex.
Yes.
Yes.
By the way, I love using Nansen.
Just FYI.
Been using it for a long time with my hedge funds.
So we've been looking at possibly.
I joke about hiring Jay as the NFT fund manager.
But, you know, we'll see.
We need to get a series seven for that one.
But OK.
Love to hear it.
Hey, boo boo.
I mean, Alex.
How are you doing?
My question is, being a CEO of such a used protocol, do you ever have to worry about the
regulations of utilizing marketplace and aggregated data?
Oh, Dan.
Is this another performance or a question?
This is a legit question.
This is a legit question being asked.
I didn't realize it was going to be that funny.
I mean, I don't we're definitely not as exposed to regulatory concerns as like an exchange or anything that does that deals with people's money.
There are, of course, other forms of regulations that other like that any company has to think about things like GDPR, for example, around privacy of data that we have to be very careful with and focused on making sure that we custody, you know, user data and things like that in a safe manner.
We also don't offer financial advice or we try to put the data and the facts out there and then people have to make up their own mind.
So sometimes people get a bit frustrated with that because they actually just want us to say, hey, you know, buy this NFT collection or buy this token.
But that, first of all, we can't do that and we also don't want to do that because that's not, I think, our role.
So I'd say those are maybe the two main things we have to think about as a company.
If we do anything transactional down the road, that's, of course, then something we will have to look into as well.
I do think that people have probably been following this like SPF proposals or unregulation, especially in the U.S.
I do think that if you're an interface and you are providing a way for people to just interact with smart contracts, I think that's very, very different than being like a centralized exchange that has custody of funds and so on.
So I don't see Nelson going down the direction of having like custody of funds.
I do potentially see Nelson going in the direction of being an interface to Web3.
So I think the regulations we have to worry about are, it's basically going to be less things to worry about if we go down that route than if you actually go full stack, like centralized exchange.
So, yeah, good question.
Yeah, definitely.
The only reason I ask is just because I deal with a lot of policies and disclaimers and a lot of the regulation stuff just because of my job.
And, you know, I always found it fascinating in regards to the on-chain analytics on Nelson.
I feel they're really, really powerful.
And I guess the only other follow-up question I was going to ask is in regards to on-chain analytics, do you find yourselves talking with other team members about doing additional on-chain analytics and research on other smaller blockchains separate from Ethereum or Solana?
Like, for example, Aptos, obviously, there's a lot of speculation around Aptos right now, but there has been quite a lot of requests from clients of mine for on-chain analytics on that blockchain, as well as others that may not necessarily be fully allowed in the United States, such as Binance.
Yeah, so it's interesting because Nelson has kind of grown into like a suite of products at this point.
And so I think it's worth thinking about three different products here.
One is the Nansen Pro that most people think of as Nansen.
Another one is Nansen Portfolio.
And Portfolio actually has the broadest support of blockchains because it's technically easier to integrate with other blockchains for portfolio tracking than it is for like analytics.
And so if you go to portfolio.nansen.ai, we actually support Aptos already.
I think we have supported it from literally like the day it launched.
But we don't support it with the analytics product or Nansen Pro.
There's a third product that we have, which is called Nansen Query.
This is a bit under the radar.
It's not on our website, but this is more focused on programmatic access to data.
So if you're running like a fund, if you're running a crypto business or even a crypto protocol or even a blockchain, you might want to, instead of building out all the infrastructure internally to ingest on-chain data, you might want to just get access to kind of like an on-demand data warehouse where you can query lots of different blockchains.
And we do have a bit more support for basically more blockchains than Nansen Query as well.
So you can think of it as Nansen Portfolio has the broadest coverage of blockchains, including Aptos.
It has almost, I think, 45 blockchains that we support.
Nansen Query, I think, has around maybe 15 blockchains that we support.
And then Nansen Pro has, I think, 10 or 11 blockchains.
And then in addition, we have Nansen Alpha, where we have about, I think, almost 15 research analysts.
And they look at blockchains that we don't even support at all, in addition, in different ways.
They might use third-party data sources and so on.
So we write guides to introduce people to new blockchain ecosystems, like what are the top DEXs, DeFi protocols, kind of yield farming strategies for those blockchains.
So I'd say that we do have support for smaller blockchains.
We do look at those, but we might not have access to all of them in the Nansen Pro product itself.
Awesome. Thank you so much for that.
Yeah, thank you, Kantor, for coming up here.
I think we have two more people.
Let's try to make them quick, because we wanted to make this, like, an hour,
so people could listen to it on the car and not have to, like, tune back in to see what the hell we're talking about.
And we're already at an hour and 37 minutes.
So, Alex, thank you for sticking around, answering questions.
I got Nycrypt and Wizard Pingu.
No hands raised, so I don't know what you guys are doing.
First one to raise your hand gets to ask a question.
All right.
Are you guys just farming followers up here?
You're rogging yourselves, guys.
You're rogging yourself.
I respect the follow farming, you know.
Yeah, I like that.
I love a good follow farm, you know.
Alex.
Wizard Pingu.
All right, there you go.
What's up, man?
Yo, I didn't even know I was up here.
I'm in the shower, bro.
Oh, my God.
I just got off an 11-hour shift at work.
I got two chefs left.
One of my chefs cracked his skull open, so I'm, like, really hurting over here.
So is he.
But shout out to Sauce.
He just sent me six boxes of Mochico sweet rice flour.
So we're going to get started on some of that.
My question for Alex is that new chat room you guys got going on.
It's really good.
You got a lot of engagement going on in there.
Hey, Alex, is this the first time anyone's ever asked you a question and they've been
butt naked in the shower?
I want to say yes, but.
Is that another performance?
I thought you were going to do, like, the Bitlord.
Have you guys seen the Bitlord video when he's so bullish?
Oh, my God.
Yeah.
It's, like, one of the most legendary kids on crypto Twitter.
Um, so, yeah.
So, Nonson Connect is the chat product.
Um, it's still pretty early.
The Pudgy Penguins community is actually the biggest community we have in there, I think.
And I'm going to plug another, um, call to action here, if you don't mind.
You can go to connect.nonson.ai and you can join the Pudgy Penguins community if you
have Pudgy Penguins NFT in your wallet.
You basically connect with your wallet and your wallet is now your identity in Nonson Connect.
And so, when you're chatting with people, what they see is basically one of the labels
that you have on your Nonson, uh, on your wallet in Nonson.
So, if you have a specific ENS name, you can choose that to display it as your kind of username.
If you have a specific label like Smart Money or, uh, Epic NFT Collector, you can use that
as your, uh, username.
And then you can basically join channels based on what you have in your wallet.
So, if you have a Pudgy Penguins NFT, you can join the Pudgy Penguins, uh, channel.
If you have, um, I don't know, Lido tokens, you can join the Lido, uh, community.
If you have Wi-Fi tokens, you can join the Wi-Fi community.
And it creates this kind of naturally token-gated, um, these token-gated chat groups.
And so, the thinking is that we wanted to build something that was more Web3 native than what
Discord is.
And you kind of have, like, a batteries-included product for NFP and Web3 communities.
So, you obviously have token-gating, uh, out of the box.
You don't have to add any kind of Discord bots or things like that, which I think some
people feel is a little bit sketchy.
Um, at least I do when I connect with them in, in Discord.
And you, you also get things like Smart Alerts for Nonson.
So, there's a Pudgy Penguin Smart Alerts channel, which, uh, basically flags whenever there's
a smart money address, um, that, uh, transacts in Pudgy Penguins.
Um, and we're going to add more cool stuff.
Like, we're going to, we're going to add Nonson commands.
You can imagine, like, slash price or something like that.
And you can plug an NFT ID and it spits out, like, a machine-learning-powered price estimate
for that NFT.
So, basically, we're trying to build this kind of Web3 native batteries-included, um, uh,
communication platform, which allows people to log in as their wallet.
You don't, never have to give up, like, your email or anything like that.
You can just connect with your wallet.
And then that's your identity.
And you can DM people as well, uh, peer-to-peer.
It's encrypted.
The, the channels where you speak, uh, multiple people are not encrypted, but the, the DMs are
encrypted.
So, even if we wanted to, we wouldn't be able to see any of what you are talking about, uh,
with other people in DMs.
Um, and yeah, so, so that's the thinking around Nonson Connect.
And we want to kind of, uh, we also want to create strong synergies with the rest of
the Nonson product.
So, from, like, you might ask, like, why are we building this?
And what's the connection with the Nonson, the rest of the Nonson products?
But, um, the thinking is that if we're able to build up a strong social network, that will
ultimately also benefit Nonson's growth, where maybe one or two percent of the people who
are using Connect end up becoming users of Nonson Pro as well.
Uh, and the smart alerts, of course, is kind of a way to showcase some of the Nonson features.
You can also look at, um, sort of simplified views of the wallet profiler when you click
on, uh, other addresses that you're chatting with.
Uh, and then it would be really cool if we can later on add, uh, features like OTC trading.
So, imagine you're speaking to another wallet.
Maybe you see that they have some NFTs and you could, in a discrete, private way, negotiate,
like, buying those NFTs and then drop, like, an order link, maybe powered by 0x or something
like that in the chat, then you could actually close a transaction peer-to-peer, uh, with
people, with NFTs, tokens, whatnot.
We don't have that, uh, support yet, but it's something we're exploring for the, the
roadmap of Nonson Connect.
So, uh, yeah, it's still very early though.
I would highly encourage you to, to try it out and give us feedback, you know, if there's
something that you would like to see there.
Um, and yeah, so hopefully we can, we can grow this into one of the, if not the main communication
platform that is used in the Web3 ecosystem.
Love it.
Alex, thank you so much for joining us on our first episode of Chilling with Pudgy Penguins.
Can we get some hundreds in the audiences pumping it up?
I'll accept fists and hearts too, all right?
Fists and hearts and hundreds, all right?
Moose.
Whatever you want.
Close us out with the greatest, I am my penguin and my penguin is me of all time.
Wait, should we pick the winner live?
Oh yeah.
Do it, man.
I'm going to pump some music while you're doing that.
Twitter picker.
All right.
Get, I'm, I'm loading the tweet in, in like T minus 30 seconds.
So pinned at the top of this Twitter guys, we're giving away a little pudgy.
All you got to do, retweet that, comment, we'll make it happen.
Let's get some hundreds up.
Who's going to win it?
Ladies and gentlemen, the tweet is loaded.
It is now closed.
40 entries loaded for a 0.16 ETH, little pudgy, a 1 out of 40 chance.
You can't get these odds in the casino.
Believe me, I know.
All right.
We are drawing.
Raphad.eth.
At S farmhand has won the little pudgy Raphad.
You got to be in the space still.
Are you still in?
One more time.
Say it one more time.
For the guys' time.
Raphad.eth.
At S farmhand.
You have won the little pudgy.
And it's special because it's from the first episode.
I want to thank Alex.
I want to thank my co-host, P.P. McGee, for setting up all the audio.
The guys from Mint Media, Wilson and Chuck, for dropping some good alpha.
We will be back next week.
Moose, I need some motivation to close us out.
P.P., can we fade the music?
Moose, close us out.
We are all gathered here today in this space,
chilling with the pudgy penguins, episode one.
Alex, the ecstatic energy out of you.
First off, you speak so well.
I keep wanting to ask you more and more questions,
but I didn't want to take up too much time.
Thank you for such an awesome space that you were involved in.
Thank you, Wilson.
Thank you for the guys everywhere.
Thank you for the women everywhere.
Thank you, everybody, for listening, tuning in.
And I have one thing to say.
I've said it once, and I'll say it again.
I am my penguin, and my penguin is me.
I feel it every single day when I wake up.
I tweet, I am looking at my penguin because that is me.
My wife sees my penguin.
I am my penguin, and my penguin is me.
I am the happiest person in the entire world.
I love you.
Thank you, everybody who came.
And I hope you can all join the next Chilling with the Pudgy Pants.
Next Monday, 8 p.m. Eastern Standard Time.
We will be back for episode two.
Love y'all.
Enjoy your week.
I'm out here 100, yeah.
I've been on game like EA.
Ship it too soon, that pregame.
It's time to find two, that three-way.
I just went fast like Relay.
I just ain't got like this, eh.
How can I not, yeah, we straight.
See the step in like Relay.
Dance on me like Prepa.
If you ain't here, you out here.
We'll be back for about a minute.
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