Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Crime
Recorded: July 21, 2025 Duration: 2:50:34Space Recording
Short Summary
The crypto community is witnessing a resurgence in NFT interest, with significant price movements and project developments indicating a potential alt season. As teams gather for strategic collaborations and new projects launch, the market shows signs of growth and renewed enthusiasm among investors.
Full Transcription
Music Thank you. Music Thank you. I'm going to go to the next episode. Baby Shark Mommy shark Mommy shark Mommy shark
Mommy shark
Daddy shark
Daddy shark
Daddy shark
Daddy shark
Daddy shark
Grandma shark
Grandma shark
Grandma shark
Grandma shark Grandma shark Grandma Shark Oh You know, seeing the Love Sosa song playing while I have the Baby Shark music video up on the screen is just, it's not really a sight that you can be prepared for, but welcome to late night space. Actually, I was going to start one an hour and
a half ago, but I just, I get into this mode where I'm just like laying in bed and I'm thinking to
myself, do I want to start a space or do I want to watch blue lock? And then I just debate it for
about an hour. And then I go into six different group chats and ask them all if I should start a space.
And if one person says I should start one, then I'm like, ah, fuck it, I guess I'll start one, but then I'll look on Twitter, then I'll go to ChatGPT, ask ChatGPT if I should start a space,
and then eventually after an hour and a half, I'll convince myself to do it. Brew a cup of coffee like I just did. And here we are.
Opened the space with Baby Shark and Chief Keef.
One in the same, as some might say.
If you're enjoying the conversation that has not started yet, click the button in the bottom right-hand corner.
Give it a like, comment, retweet.
And we're going to get into it for some intellectualism, some debates, delegations,
mental gymnastics, interoperability and decentralization. If you want to come up on the
stage, click the button in the bottom left hand corner. NFTs are mooning today. And honestly,
for somebody who's been an advocate of NFTs longer than I've been alive, I am not properly
positioned. I own some NFTs. I have a bunch
across the board. But I should own more Moonbirds, Penguins, Bored Apes, Kennel Clubs. There's this
one person who's been telling me to sweep Bored Ape Kennel Club, but I just can't find one that
looks like Hugo, so it's been a bit tough. No great Pyrenees in the collection at all.
It is Sunday night.
So going into a new week tomorrow.
Seoul is currently ripping $186.
And yeah, I mean, I'm feeling pretty good about the markets.
And excited to see kind of where this week takes us.
I will be going to Miami on Tuesday.
We're doing an onsite with the team.
We got a spot.
We're going to be on like a one-week sprint.
So pretty...
Actually, most of the team has not met each other in person.
So this is going to be the...
This is like a really important moment in the company's, I guess, life cycle.
So I will fill you guys in on that.
Razmer, you've been the topic of conversation within the elites.
What's up?
I actually literally just got to my Miami hotel room.
Did you really?
Yeah.
Oh, we should link up.
I didn't even know you were in Miami.
Yeah, dude.
Razmer takes Miami.
It's going to be streaming.
Streaming with some Miami people.
Did you see that thing where it was like the government was canceling streaming?
You didn't see that?
What are you talking about?
Like it's just as a whole canceled.
Fuck.
We need to overthrow that bitch.
Well, okay.
We'll talk about that later.
Who are you streaming with
what are you doing i haven't announced it but i'm i'm uh doing lucanets tomorrow and then i don't
know i don't want to say this is i'm super hyped about another guess but it's a it's a miami person
in crypto i don't know if you you might maybe it's probably the first person you think of
when you think Miami crypto.
Dude, there is a lot of people that come to my mind.
Luca's probably one of the bigger ones.
I can't, there's a couple other people I'm thinking of, but okay, well, I guess we'll have to just wait and see.
I'm excited for the content.
All right, give me some takes.
What do you think?
Market's hot right now, sold at 186.
So let one 86,
Good, bad, bearish, bullish?
good,
bad,
bearish,
bullish.
I think,
it feels like we're in this kind of limbo where we don't know what like the
next game is.
Like,
it feels like we're ripe for like,
an Olympus Dow of like a new,
like whatever,
like new version of,
of like Ponzi bullshit there is.
That's why I have a, a big doge position i opened
up because it just feels like retard mode is about to about to go crazy in a way that uh
it didn't happen i think last year like last year it really was solana um but now i feel like
there's just gonna be like i guess people call it alt season, but like, yeah, like actual fucking alt season.
Like I could see fucking NFTs actually doing well.
So I'm just waiting.
I'm waiting to see what the move is, but it's fucking crazy, man.
You know, we've been, I used to ask Kevin this all the time when meme coins were just, you know, going insane.
And every coin you buy goes
to 100 mil market cap and it's just everybody's making money it's crazy and i used to say in these
spaces when do we when do we buy nfts like when do we start purchasing art and buying art this
sort of thing and he would always say people rotate to nfts at the end of the cycle when meme coins
are dried up and there's nothing else to
buy and everything is at the top people start rotating to nfts and i can't help but think
as bullish as it is that people are moving to nfts that actually it might be bearish for the
overall cycle i don't know i mean just to take no the crazy thing is uh first time i met him
first time i met ke, it was like,
I was like literal baby Rasmur, bro. Like nobody, I'd never met anybody in crypto or whatever. I
meet him and he starts like going off to me. This was, uh, last, like April, last April,
literally like over a year ago. And he's like the top of the market. Uh, basically anyone,
everyone's going to rotate over to NFTs.
And when everyone rotates over to NFTs, you know it's over.
And the top is going to be October 2025.
I swear to God.
Like the first time I met him, he was just like going off.
So I'm like, dude, how crazy is it that like NFTs are kind of catching a bid like three, four months before like K Money's like predicted cycle top.
I don't know.
I mean, there is going to be a top at some point, right?
Like I'm not saying it's now, but I've had people message me and say, hey, I just sold
a bunch of Bitcoin.
I sold a bunch of ETH.
Like maybe it goes up more, but this is up, you know, 150% from where it was a year ago.
That's kind of the move that you sell on.
I've never been good at selling.
I just, I don't know.
Like, it's hard for me to believe that this is where it ends.
I truly have visions of a cycle
in which Bitcoin goes to 100, 200, 300.
I don't know, I just see it.
But maybe that's the delusional bull in me
that kind of saw the same thing happening last time and it didn't.
I just, I don't know.
But everything feels so frothy.
Treasury companies, actually, I read all of Beanie's tweets and he has some interesting takes.
He was tweeting about it today and I saw other people tweeting about it too.
It's like there are treasury companies for NFfts that are being created now i'm not sure how legit that is
but people are saying this sweep on crypto punks it's like 10 million dollars sweep on crypto
punks was a company basically creating a treasury position in collectibles and it's just like i
don't know if i've ever seen a top signal or something that feels very frothy that would be
it look i'm bullish but what the fuck else would they buy?
I don't know.
What could you buy for five, ten years NFT-wise?
If you're talking NFTs, there's not that much.
It's literally CryptoPunks.
Yeah.
Wait, why would you want to buy NFTs on a fucking-
You know what I mean?
I think it's a sign because it's like-
Oh, we have NFTs.
We have exposure to AI
They don't really know what the fuck they're doing
It's not even a liquid
Like you can't even liquidate
The position man
I don't know what the fuck anyone would be thinking
What about Pudgies?
Pudgies are pretty liquid
I mean there's bids and you can kind of dump into those bids
You could liquidate 10 million million of Pudgies.
Like, you just sell those.
Dude, remember OSF with the Bored Apes?
Mm-hmm.
Didn't he, like, liquidate $150 into bids, like, in one clip?
Yep, but that was peak Blur days, right?
That was, like, Machi with, like, $20 million in bid liquidity,
farming points.
I mean, it was...
Dude, what if Blur made a comeback?
NFT season. No? in bid liquidity farming points i mean there's dude what if blur made a comeback nft season
no i i fucking i hope not god that just feels like a a season that i just wouldn't be able to
to perform i don't i don't know how the fuck to i mean i don't know how nfts work but like
what kind of pump are we gonna expect on on these things? Oh, yeah. Wait, now I have followers so I can get whitelists.
Oh, I forgot.
Oh, I'm late.
No, I was getting PTSD flashbacks to when I was like just a normal guy.
No, we don't have to go to Discord now, you know?
Yeah.
Bring it on.
NFTs.
Let's go.
I was joking about Blur.
Guess how much Blur is up today?
32% just today. How much is Apeur is up today? 32% just today.
How much is ApeCoin up today?
Oh, good point. Let's see.
By the way, Blur, now thinking about it in retrospect,
was probably a no-brainer to buy it in the morning today
before people started kind of going crazy with this stuff.
Now I'm not so sure.
ApeCoin, 3%.
That is atrocious. What's the dollar price? How much is an ApeC, 3%. That is atrocious.
What's the dollar price?
How much is an Apecoin now?
Wait, let's all guess.
Let's all guess.
All right, go ahead, guess.
What?
What are you saying?
I'm guessing $0.06.
No fucking way.
$0.06?
That would be like a $2 market cap.
How much is Apecoin?
It's $0.70 right now.
I wasn't that far off, bro.
You were pretty far off.
Holy fuck.
I haven't looked at ApeCoin since it was, like...
No, that's not bad.
Nifty, that's not bad.
That's not bad.
It was at $30.
Okay, that was a miscalculation of the analytics.
It is correct.
It was at $30.
I remember.
It was, like, $15. Like, it wasn't actually $30. No remember. It was like $15.
It wasn't actually $30.
No, it was.
I swear to God, when they were minting that shit, it was at $30.
It was.
It went to exactly.
Oh, but they actually.
Wait, hold on.
It was.
Yeah, about $26 around there.
That's wild.
Close. I mean, look, a point is uh i dude people are very bearish on yuga for what i've still bullish i think the market is in that shit 500 mil it's
still 500 mil look i'm not i'm not saying i'm gonna go bid a bunch of yuga assets i will say
though that if there was a time for you going to make a comeback this
would be it and apes are holding up well the floor price is rising other side coming out
you know metaverse sort of thing who knows so leap i have a lot of hype and i'm super bullish
hyper liquid which is a very quirky kind of aspect of my character i think but do you think i should
get like some hypeios like should i get a
lot of hypeos right now because that's the leading nft project um so you know it's interesting it's
like do you think that because like right now at least in the at least the way i look at it like
hybrid evm and that ecosystem seems a bit separated culturally from like the pervs and this sort of
thing so um i did see i don't know if it was OSF that was tweeting about it
or somebody that, you know, you have to basically bid on the tickers
or however it works in their public auction.
They have some whole mechanism around that,
that apparently they were like going for damn near nothing
and things were being given away for free.
So maybe there is like some sort of arbitrage in the eco
and buying the NFTs would be smart.
I'm not totally sure.
Yeah, I don't know.
I mean, people are, dude, people were sweeping artifact in CloneXs today.
So I think people are just looking for whatever hasn't pumped.
Wait, wait, wait, wait, wait, wait.
There's no fucking way.
No, dude.
Didn't CloneX shut down?
CloneX.
Yeah, they did.
CloneX went up like 3x today or something like that this is like the amc gme situation you know i mean it's not gonna pump like that but
they're just like buying it's like meme nfts but do you see soul i mean soul just hit 186 it was
literally fuck an hour ago it was 179 i mean that's a pretty decent move. And also, it's not like it's moving in cohesion with anything else.
I mean, ETH is pretty stable over the past hour.
Bitcoin's ripping.
Bitcoin is ripping a little bit.
So, I don't know.
Sunday night, typically things are going crazy.
I think we're going to see a pretty green week this next seven days.
And I don't know.
The question is, is like, when do you sell i've been
starting to see the tweets around like guys everything is crazy up start to take profits i
don't know leap i have a question for you do you have more like u.s dollars worth of rasmer
or hyper liquid i'm not gonna answer that question oh my god dude i'm a little too overexposed to razzmar i'm not
gonna lie you need to like you need to do something get this miami content going i
the meme coin dude meme coin dollars it doesn't it doesn't add up well it's okay the creator
capital markets things it's it's because pump went down right but dude like i'm i'm dude i
fucking committed my life to this ship or a multi-decade fucking you know i'm doing this
i'm doing no like yeah well to my to my to my likeness bro like so don't worry about it leap
you are not even multi-decade years old like What do you mean you've committed to multi-decades?
I will be a public figure for the rest of my life.
And so if you're saying, oh, Razmer, you've got to do something,
I'm just telling you, I'm always going to be doing something.
What if you fall off?
No, I'm just being an asshole.
Well, that's your decision to think about leap i am i don't think you're
gonna fall off i mean look the chart i'm looking at the chart right now i mean it's not so bad
i've never looked at it so i i've never looked at it but i listen man i'm horizontally i'm
horizontally scaling okay horizontally scaling onto tiktok right now i see that in the chart
got like a hundred well maybe maybe not i don't know but i'm saying you know maybe the chart
has a life of its own here and there but i mean the chart is horizontally i mean look look at the
daily horizontally scaling my audience okay i'm attempting to to grow on tiktok from scratch
and if i can accomplish that if i can start from zero on another platform and succeed that way
um there's no reason to think i'll ever fall off right look even if razzmur token had gone up like
20x after i bought it i mean you know how i trade i wouldn't have sold it anyway it was
all of these things i buy i try to buy i just need
to sell that or i need to hold for a significant amount of time um why don't you do some sort of
like razzler treasury strategy issue debt against the tokens micro strategy style michael saylor
should i do a spack for for like razzler acquisition maybe wait that actually would be hilarious is that legal
i don't yeah i mean they did they're doing it with doge uh doge has been kind of pumping off
that we just like ico and like raise a fuck ton someone basically just is like using a doing like
a 500 million dollar treasury worth of doge wait hold on that's an idea bro that's like a that's
some banger content
yeah but you just have to you have to go in with the suits you know you got to show them but yeah
it's definitely not easy to do i don't think it would be i mean you do have what
how much of the supply is lost he's gonna ring the bell one day uh for the market can you imagine
like he just issues how i don't even know what the, because the market cap of these things are so infinite that you could issue, I don't know, a trill worth of debt.
Do you like, dude, like U.S. government?
Yeah, yeah.
I think Frank probably has some connects.
He should get on stage.
Okay.
Everyone get some fuck.
Guys, get hype.
Everyone here should have hype just if you're if you care about this industry
and like, why the fuck would you not
own the best coin? I don't get it. Whatever.
Because most of the sentiment
and to everybody else
on stage too, I keep seeing
it in different group chats. I see tweets about it.
Everyone's saying, soul is
underperforming. Soul is cooked.
ETH is back. and you know what i think
i think everybody's fake as fuck i think that everybody just likes whatever's popular and
today everybody likes nfts y'all didn't like them three weeks ago you didn't even like them
two weeks ago let alone i still don't like them hey leap leap did you ever buy that punk
no i didn't you didn't did you yeah i i was busy bidding uh the crater market right
the right is that even real gino is that even a real point i i don't remember that trait well
the mog goggles are an added uh you know bonus when you're when you're a mog they're so tough
it's like the only thing that makes my eyes not fucking bleed when I look at a puck, honestly.
Really?
The moggles?
They're pretty sick.
They're pretty sick, huh?
I just want to say, what a brutal day to be my op.
You know?
What a tough day.
This is your victory lap time.
Yeah, what a tough day to be a guy who was in my comment section talking about how NFTs are dead, how crypto is dead.
Just a brutal day.
And, you know, one thing about me, I'm going to hit those victory laps with an S, plural.
And so I think it's important we all remember, and I'm talking to myself, not to screenshot, not to screenshot the portfolio apps.
Sounds like some screenshots were taken.
No, no, no, no, no, no.
Yeah, you definitely took them, just didn't post them.
Well, I think saying the word screenshot is the equivalent of basically
taking a screenshot it's like hopping on zillow i'm gonna say this i'm not saying how i know but
i know the price of every aston martin with under 40 000 miles within a 20 mile radius right now
oh my god time to short short everything um okay well hold up gino you know you're the crypto punk um yeah aficionado
what's the um what's the the best one what's the best punk besides mine yeah why not uh i mean i
i believe i believe when the floor was like 50 000,000 cheaper, I offered to find you one and help you find one.
Dude, there were multiple people who tried to help.
I was going to buy one, but to be honest, it's hard to put...
All jokes aside, it is hard to make that decision when the market hasn't...
It didn't take off at the time.
We were still depths of...
I know.
I know.
I get it.
I'm looking at OpenSea right now.
I'm expecting like some doubles or like these things are up like 14 10 20 20 7 like it's not it's just not
about that it's not about that yeah it's not about it's okay you can hit a higher you know
you can hit a higher multiple on a Moonbird.
I remember Moonbirds at like fucking 40 ETH.
Right.
I remember that, yeah.
Do you remember that?
I lost 10 ETH.
I lost 10 ETH in three days because of the fucking sock rollout.
Of course I remember that.
I remember when Mutant Apes were like 20 ETH.
Yeah.
And now Apes are like 11 and a half.
Right.
And Mutants are like...
What are you getting at?
What are you getting at?
We're not back yet.
Like, and how far do you think these things go?
Are we talking about punks or NFTs?
I'm not talking...
Yeah, just NFT.
Like, all the old shit that we used to buy.
Yeah, I agree.
I think... By by the way it's
it's a funny era because i was like really really broke at the time so i was like only
fucking buying these shitty nfts that weren't popping ones yeah so it's like i got to look
on twitter and and see all the people oh moonbirds Moonbirds floor. Oh, Moonbirds. Oh, look at this. Oh, Mutant Apes.
I couldn't afford a fucking Mutant Ape, dude.
So everyone would just talk about these projects that I couldn't buy into.
So it was a shitty time for normal people, bro.
Honestly.
At least meme coins anyone can fucking buy.
I remember in Izuki they were getting handed like 30 ETH or some shit.
Like going to some event for holding in Izuki.
And I was like, what the fuck is going on here?
Did you just step out in the last 20 minutes?
Yep.
Again, brutal day to be my op.
Pudgies.
Wait, is it one person, or is it multiple?
No, no, it looks like one person did like 10 to start,
and then a bunch of people bought after him.
Oh my god.
He didn't know.
The crazy part is like we sat
on these spaces and talked about this but to be honest even me myself was convinced that meme
coins were just going to be the vehicle of the cycle and they weren't really the vehicle of the
cycle they had their own mini cycle right before the actual bolt right driven by from coin and the ai meta and like all these different things
and now everyone's just buying i'm not in an hour not even an hour ago somebody one of my
chats was saying like odd chain is dead nobody's going to be bidding meme coins all this stuff is
cooked now we're buying nfts again i'm just convinced that none of us poverty pictures
we just don't know what the hell we want or what the hell we like and everyone just
we're just rotating assets for the first time ever
And this is because I was so clueless on what to bid or what to buy I'm
Farming
We are being told to change the title
Okay, and if T's are a scam, maybe we'll change it to like NFTs are not a scam
How about that?
FTS are back also wait leap. We're not buying nfts i just want to
clarify we're definitely not buying nfts i bought you're saying we a lot i bought a couple i bought
moonbirds a few days ago and that turned out to be a pretty good buy so you're not buying nfts
i don't know wait is kevin rose coming back why are the i think they're saying there's like a token speculation with it.
I think Spencer is just a Chad, and people fuck with Spencer,
and they saw what Luka did to Penguins,
and I think people are speculating if he can do even a third of what Luka did
or a quarter of what Luka did.
There's a lot of upside.
I think Spencer is a quarter. That's a lot. It's a lot of upside. I think Spencer is... A quarter?
That's a lot.
I know. It is a lot, but
I actually went to the
Pudgy Penguin, or not the Pudgy Penguin
office, like the Moonbird offices and met
with Spencer in New York
during NFT New York, and they're just
really good at what they do, and they just
really believe in what they're doing, and they're hard workers.
Do you think there's enough Colt
to come back? Forbirds or just for nfts in general i mean like
well for moonbirds for for nfts in general is there enough cult people to like shuffle out of
their memes to go into nft like do you see that i mean i think price drives narrative and when
price is going up
people are going to start to feel like hey it's cool to buy and post these nfts nfts were the
ultimate cult memes correct correct memes were like you know memes you know motherfuckers just
don't have their bags and shit like that but nfts were the ultimate cults like i just i don't
i don't know if that's gonna happen i mean i i think
there's also i think something a lot of people are not factoring in there's a lot of people with
just like that are sitting on a shitload of eth that are have just been like waiting for that have
always been in like you know pro digital art or pro nft pro avatar, whatever. And they're just like,
I think people have been looking for signs of, you know,
alt season, you know, teasing of alt season. And there's also just like the greed component of this too.
You can make a shitload of money in NFTs.
You know what I mean?
And so I think we're used to
seeing like we all got a glimpse behind the curtain of the meme coin underbelly and like how
oh my god people are coming back to drop nfts no not yet right i feel like we haven't answered
that part yet yeah they are going to but i don't think we're there yet i think we need to start
seeing like a lot of these you know like we need to start seeing the azuki's and the doodles and those
projects that were like you know and and like and the sappy seals and mladies and like these
projects start to really start to move and then i think you'll start seeing shit is it time to
start fucking you know know, do you know
So people, Kuro knows this
But a month and a half ago
I swept 50 sappy seals
And everyone was clowning me
And now I'm up like two and a half eggs
Yeah, I would never clown you for that
Because the sappy, you know
Wob is a fucking goat
But like
Wob is a fucking G
I just need people to buy our bags
Even if it has to be us that buys our own bags
You just have to get it started, man.
Correct.
You got to buy your own bag sometimes.
Yeah, you need ETH to go really high.
Yeah.
Yeah.
Let me the next experiment to go to 10 ETH.
I've been preaching this to you guys for fucking...
Yo, I'm the most retarded ETH-tard that there is, and I'm always going to be like this.
Yeah, you were preaching it while Soul was was going to 300 i remember yeah yeah look i mean maybe eth goes to 50k 100k whatever it is
that people are predicting um i'm just shocked what like this market is very unpredictable when
i look and i see blur up 30 in the day and people are sweeping the most i mean like basically every
nft collection is up 20%, 30% today.
I don't know.
I mean, the question is, is on-chain cooked?
Like, we're talking meme coins, this sort of thing.
Is it done?
Is it over?
Should I be rotating out of my meme coin bags?
Depends on the meme coin.
40K shitters, yeah.
Rotate out of 40K shitters.
I'm not in 40K shitters.
As often as five seconds, bro seconds bro like it doesn't matter
with those it's just like if you like and you can't inherit conviction right like that's one
of the things that we learned with nfts is that it doesn't matter how much conviction you have
or your next five best friends fucking johnny retard with fucking 60 nfts doesn't have the same conviction and you can't like
like he's just soulless like he's just fucking spiritually you know but in reality impoverished
in reality if we want to like zoom out for a second i know everybody's euphoric today
nfts eat all this stuff it's a real question are meme coins especially on soul debt have the
launchpad wars basically yes and no have basically cannibalized the existing community who remains on Solana and now people are cooked.
Is that what's happening?
Oh my god, bro.
Everyone's getting way ahead of themselves.
Can we fucking...
Are you dead ass, bro?
You think I'm going...
You think I'm going to execute a fucking transaction on Ethereum?
Like every...
Bro, what are you talking about? One sec, guys. Mog coin. One sec, guys. I'm going to execute a fucking transaction on Ethereum? Like every... Bro, what are you talking about?
One sec, guys.
Mog coin.
One sec, guys.
I'm buying an Azuki.
All right, hold on.
Everyone's getting out of control.
I'm just going to say for the first time ever, I bridged to AVAX and I've been yield farming.
That's how clueless I am about what I should be doing with my capital.
But to be fair, i was earning two million
percent apy which i don't know if that was a glitch or what the hell was happening there but
that is everything's just going crazy there's opportunities everywhere razzler's buying little
lemon friends is that what you damn me razzler so i just i don't know um frank i think perps is
more likely to take solana's lunch in the trenches than fucking NFTs, bro.
I think all these people are going to start trading Perps.
Perps is more likely to take everybody's money.
That's not necessarily true, honestly.
I mean, for most people it is.
Yeah, yeah.
Frank, what do you think?
I've been very hesitant to say this for a while.
Cause you know,
I haven't been on chain really for the last few months,
but if you ask me,
honestly,
I think especially if you're trying to make it this cycle,
it is the time to be online 24.
So it feels like the time to be online 24 seven is starting to come back.
I mean, I can't speak on the each side as much, but definitely, I mean, It feels like the time to be online 24-7 is starting to come back.
I mean, I can't speak on the ETH side as much, but definitely, I mean, what, like the last couple weeks, last month, there's been like a lot.
There's been a lot, a lot of really crazy coins.
I miss most of them, as you know, Leap and Raz, but it does feel like the ceilings are starting to get raised again.
So it's kind of exciting.
I'm debating, like, fuck, do I actually go try hard again?
But I don't know.
When you said I'm debating, I thought you were going to migrate back to ETH.
I thought that was the move.
Dude, it's so hard. I have friends that be cooking on base and ETH and stuff, and I honestly miss...
Even ARB right now, dude.
Oh, dude, don't get me started on the arb coin it's killing me the eath plays are on the l2s
and they're not like meme coins they're like utility plays that we don't really understand
but like number go up to be honest i'm like frank like i'm kind of scared to go try hard
on trading again because you're right there are opportunities now
i've missed every single one of them the same i've been smiling so much life's been good now
fuck dude now these now i'm getting the call uh one sec guys i'm just buying a couple of zookies
you hear that noise that's that open sea that took like that took like 15 minutes for you to fucking load up, bro.
Yeah, we're back, baby.
Are we going to see these coins, like anime coins, right?
Are we going to see those pump in this whole NFT boom? Let's see what the price is.
Bro, I see.
Hell fucking no.
I swept mutants.
I swept azukis.
I swept moonbirds.
Oh, so it was you.
No, no, no, no, no.
It was you, bro.
No, listen. After I sold a little bit of pepe the
first run up i was like yeah i'm gonna buy some of this shit i'm not anywhere close to fucking
break even on this stuff so we need to pump these things a little bit harder if you want to talk
about their back because i'll get to work nifty dude these coins from tg are not they are so down bad they are so down bad it's not going up frank actually uh how's d
god's coin going no clue man no clue was crazy bro that was an amazing answer i fucking love it
uh somebody you guys i uh i really just yeah i haven't been on chain like the whole summer and yeah that motherfucker ain't going up my brother uh in many such cases that's fine
you know who the fuck cares right you know the coins are not going up connected to these nfts
maybe colt does if it's a scam pump but like for the most case i don't think many of them
are gonna go up bro said maybe my bags but can't speak for any other bags.
Yeah, those are my bags.
Yeah, they are, actually.
That makes it awkward.
Send my fucking bags.
So, in just the past, what,
like, hour and a half,
so it's up to $186 now.
I was looking at AnimeCoin up 8% today, too.
Even Doodles.
Let me see what Dude's Coin is up to now.
I think it's kind of hard for
some of these and if you said which one doodles didn't they do like a poop coin or some shit
that was that was an experiment they did dude coin uh how many has goblins done at this point i mean
yeah a lot of coins to pump go Goblin's done like three coins now.
Didn't they do like Steamboat Willie?
That's the sweet spot, dude.
Three's right where you want it.
Three's a good number. You know what I'm saying?
Third time's the charm.
Frank, you might have a couple more coins in you, my brother.
All I'm saying, if AI season
comes back,
listen, you have one more
coin, the third one would be the fucking one, right?
No, Frank, run up an alt, and then let's do it.
Bro, AI season does not come back.
I'll keep deploying.
Sorry.
All right, you guys joined the space for the first time ever.
No one knows how to fucking raise their hand or even have a coherent thought at this point.
And I honestly admit there's specific individuals on this stage that tend for every stage that they're on to just completely devolve into just absolute stupidity.
You know who you are.
Secondly, welcome to the space, guys.
Click that button in the bottom right-hand corner.
Give it a like, comment, retweet.
It's the best way to support.
I want to throw it to Kevin.
By the way, it was Mog's birthday yesterday.
Mog is the, truthfully, the first coin that actually changed my life
changed trajectory of like what i was able to do and achieve in the space um like honestly like
not to hard chill it but it's you'll be hard to hard pressed to find a stronger community
deeper liquidity and better vibes so kevin um congratulations to you and all the other
mog holders for two years of, is it two or three?
I can't even, it's been two, right?
Yeah, it's two years now.
Yeah, I'm hard right now after hearing you talk about it.
Dude, honestly, man, what a space, dude.
I'm so happy to see, like, you know, there's nine people on the stage right now.
I really like eight of them.
You can figure out who the other one is.
But, yeah, dude, it's just really good to be here. That's figure out who the other one is. Damn, bro.
Every time, bro.
It's just really good to be here.
That's fuck to say about Rasmur, man.
Did you go with the fucking straight again?
Dude, not that one.
Rasmur always catches straighties, man.
Rasmur has been the golden child of the...
Yeah, it's definitely not Rasmur, bro.
I saw this dude at the base event.
Huge fan.
He wouldn't take a photo with me, though. Don't know what that's about. Okay, well, Kevin, tell saw this dude at the base event. Huge fan. He wouldn't take a photo with me, though.
Don't know what that's about.
Okay, well, Kevin, tell me this.
Two years into Mog, you know, tens of thousands of holders,
hundreds of millions in market cap.
Like, what's next?
What's the move?
You just keep Mogging.
That's really it.
NFTs.
Are people looking to...
We're going to sacrifice Nifty nifty though next shabbat
let's go by the way speaking of like some of these big eth coins i mean we're seeing across
the board just insane liquidity moving into them even today uh mog had good bids um wrecked new
all-time highs every single day um we've talked about imf before like it seems to be that people are
bidding eth coins again for whatever i mean bro dogecoin put like dogecoin pumped in the past 24
hours and it printed pepe's entire market cap in just like one day of pumping so it's like
i don't think people realize how close yeah how like retarded things get uh i think i think pepe is gonna like once pepe makes
like the big move uh you're gonna see some some eth coins fucking make their moves too like what
mogta ath is so fucking free bro i just want to say that i definitely don't own a fuck ton but
mogta ath is the starting point dude i fucking i love rasmur even more okay um what else what else is bullish
on eath are you bullish kevin that's the part where you're supposed to say rasmur to ath right
oh yeah yeah okay sorry sorry yeah yeah rasmur coin is uh dude honestly it is a great coin if
you believe in creator capital markets and also if you you know don't believe in centralized
exchange listings market makers or any kind of like you know d5 partnerships i heard it was listed on airbank though oh dude bro where did you say elbert
elbank or airbank that's okay dude is it on elbank alpha or yeah
okay did you say moon talk not big moves are being made don't't worry about it. Honestly, though, good for him. Fuck that. I'm just being
a random hater. I love it.
Okay, what about
other chains
that we're not talking about? Cardano?
Arbitrum.
Talos, dude. I'm going to kill myself.
Talos on Arbitrum.
Yeah, I
didn't buy Talos because when Nifty was telling me
to buy it, I thought it was a Jewish thing. I was like was like oh dude like shabbat shalom to you too but that's bullet i mean well
actually i know it's actually after pump dude uh yeah congratulations nifty wop i know how hard
you know uh you've been working and you really do need the money man so like congratulations
another birkin for nifty wop wait so is this Birkin collection actually real nifty dude bro oh my god
no his his Birkin collection is bigger than Drake's that's crazy yeah that is
crazy well shout out to Birkin I do have a I have a Birkin plug if anybody
actually needs a Birkin I am the plug
You literally look like a Birkin
Chair plug and the Birkin plug
He looks like a LaBooBoo plug
I am also
It's funny you say that Nifty
I do have a SuperRail LaBooBoo
He is a LaBooBoo plug
But I'm not a LaBooBoo plug
But I am a Birkin plug
I'm proud of Gino man He went from like you know looking like a a shop gold plug to a fucking birkin plug all right
i never looked like all within one cycle dude yeah i did did i ever look like a fucking miami
drop shipping scammer to you yes like a diamond district dude like at one point yeah slightly
you know what i mean like when how like i don't know man 2022 like october 14th
okay we got to get this back on track here for a second look welcome to space um shout out to gino
shout out to you guys in the audience um look we got to get this back on track here uh let's
throw it over to to gino Gino, what's up?
How we doing? Late.
Good. So you were telling me that CryptoPunks are washed.
What's up with that?
That's, I mean, that's so funny that I would, that you would think that, that anybody thinks that I would say that.
I do want to ask.
I do want to ask.
I want to ask the chat.
Nifty, you brought up something about. No, I don't have a Birkin collection.
No, we're not talking about your Birkin.
Digital Birkins on 8-chain?
Fidgitals. I'm launching
a Fidgital Birkin collection.
No. Fidgital?
But, do we...
Nah, fuck that nigga.
Do we actually think...
Here's a better question.
What would it take?
Get it out.
What would it take to see a resurgence of minting NFTs again?
Okay.
I knew, I knew this was coming, dude.
Send that three mint to fucking five each, bitch, and I will be minting NFTs.
The moment you see, you know, like a little bit of a pump and like, you know, a couple
floors getting swept, you just have like always the NFT people that are just like see you know like a little bit of a pump and like you know a couple floors getting
swept you just have like always the nft people they're just like well i know what would it take
to just you know run it back one more time i've been telling you yeah gino fair take though i
think uh it's a fair question yeah okay so so once everything prints just disgusting amounts of
fucking green candles all over the board you need to have people who like are all
able to you know retire their parents you know retire themselves and then like once they've
achieved so much you know financial freedom where they're like hey like let's just set some money on
fire that's when nfts come in and it happens the same time every cycle with the normies i've noticed
like i can get them like i can get my
friends to buy a fucking meme coin any day but when i was showing them the fucking pictures
they called me a retard and they weren't wrong but i could show them a meme coin they would buy it in
a minute i think it's easier for people to conceptualize buying the pictures they're like
i don't want to buy that it's barrier to
look it's barrier to entry too right
we've always talked about
could you buy fractional nfts like could you
is there like a will there ever be a moonshot
or what is the other one uh yeah
moonshot like where you just apple pay and buy
like a there they tried this
already like you could buy fractional
punks but like who wants
to own like a one one eighty
thousandth of a fucking punk you don't have that bro i got eight percent i got eight percent of a
clonex so when yeah and how's that doing for you well nft goes uh we're cooking bro nft goes from
zero to five eat is when people will start making the the TikToks and then people will start coming in
because they want money. People will just want people want to make fucking money at the end of
the day. They're not here to to buy coins to collect them and to buy NFTs to collect them.
That is a mindset of 5-10% of the audience. Well, hold on. I want to ask actually the dawn
because they probably have some good information from their own ecosystem.
Do you guys see an appetite on Abstract for people minting new NFTs?
Is it more so people just wanting to collect the existing stuff?
What's your take, Vedant?
Good to see you.
Yeah, so I think the way I look at new chains is they're kind of mini cycles that happen really fast.
If you look at what happened with, I forgot what chain it was, but it was the pre-sale one where everyone was doing like you know those
pre-sales like i think every chain has like one mini cycle in them until they like adapt to the
rest of the market so like abstract for example right like a lot of people were minting nfts
there was some meme coins like it's going through the motions right now i think what we've seen with
pudgy is a little different where because we now have the coin, like most people are buying the coin. And then when, you know,
NFTs sort of quote unquote come back, or there's like large pingu whales that want to like flex,
they go and like drop like, you know, a couple hundred ETH on like a Pudgy payment NFT.
That's kind of what we've seen from like the behavior of people is like most people are
probably going to buy the coin and like the NFfts sort of become more of a collector's piece obviously you know
so you know things are shifting in nfts right now and like you know we saw that big crypto
punk buy a lot of people are sweeping penguins moonbirds doodles etc so now like the opportunists
are coming but you know when things were sort of like an quote nft bear people were just coming and like
buying the nfts that they actually like bro i forgot about the nft flexes holy shit when people
would just like buy something over like like 100 eth over the floor back in the day
that was wild we might it's gonna i don't know if we'll ever see that again i think you remember
that shit yeah i think Dude, not even that.
We said NFT three times and Blau appeared.
Music NFTs.
Alright, hold up.
Let me say this.
I was looking, and this is how you know the bull market is back,
is I was looking at Autoglyphs at 88 ETH and thinking to myself,
wow, these are cheap.
That's really what I was thinking to myself trying to find some no i think you're just rich bro yeah that's just no no not
for me it's expensive for me but like cheap compared to the prior bull market dude autoglyphs
were like 400 eth floor when eth was 4500 bucks leap are you the person who swept the 45 punks?
I wish I even had one.
I really wish I had one.
Leap bought, Leap swooped the squiggles.
I, dude, I, all of these.
No, he was the Clownex guy.
All of these things I've been advocates for,
and I just, and I had the liquidity.
I should have moved into them at the lows.
It's like what I said before, you know,
it's just hard to make those decisions when.
You know, it's really not Leap leap you just buy low and so high here's the guy that gets it you know it's easy to say that but
here's the guy that gets it justin you you say that oh you say that like it's easy but it is
hard i mean it is pretty easy though dude he literally like hit us up saying like i'm buying
bitcoin here when like that show was like $77K.
No, we were...
I am a decent...
Actually, Kevin, was that when we were getting lunch
and I'm like, yo, I'm going big?
I think you were with me that day, right?
Yeah.
But to my advantage,
I did tell you to buy Fartcoin and Mog
at those times too.
We're just playing different games.
Listen, you've made me hundreds
of thousands of dollars on Mog
because I bought it at 10 mil market cap
when it was the first
game coin I ever bought.
We actually bullied you to buy it. You did. You did bully me
but you want to know something?
Guess what, Blau? I hope you're ready
to get bullied, buddy.
Are you going to bully me into buying more things?
Yes. Probably. Alright, Nifty.
Oh, goodness. Bully him. I don't know why I'm going to bully me into buying more things yes probably oh goodness bully him
I don't know what I'm going to bully him
into buying right now
buy more of my bags
you can buy some Pepe
we're sweeping Izuki's we control the floor
dude
I'm here but I'm playing Fortnite at the same time
with some other crypto
I'm just going to name some NFT collections
and you guys
I'm going to name some NFT collections
and we're going to do thumbs up
thumbs down
whether or not Justin's going to sweep them
alright the first one
crypto dick butts
what do we think yes or no
unironically pretty good okay to be honest up
22 today 1.6 eth all right what about um sappy seals yes or no absolute luck okay fair
justin is gonna sweep these oh hold on hold on i haven't committed to anything. If anything, like... No, you committed. It could be time for a new NFT collection.
Wait, wait, wait.
Just sweep your shoes.
Hold on.
There is an announcement I have to make, like, just due to the safety of all of us.
Blau has been spending a lot of time with Aoki.
Hold up.
Hold up.
That is not...
Getting my ladder out right now.
That is not true.
That is not true. have you acquired any sage and
burned it recently or any palo santo or anything to kind of clear some chakras they are both
lately yeah actually you know what's a good you know it's probably an interesting play here
and we saw two single checks sell for insane amounts of eath just what earlier last week dude oh yeah oh i look i'm a big jack butcher fan oh pepins are probably
decent at 0.2 it seems like they haven't really moved um another one that could see a pump
a little bit more complicated because they have the coin but mfers are still sitting about a half
eth right now not really sure what's going up there um look i'm just looking at what's trending um what else is here um horny hippos uh that was a
it came on you're a big fan of that one uh what else i'm trying to buy thread guy dot eth i'm
looking for you want to okay you want to talk about some like craziness dude the thread guy
dot eth situation and i even told thread i said, just fucking buy it so they don't pay you.
Bro, just buy it, dude. Stop farming it.
And then, like, dude, I'm not gonna lie, dude, leap.
I saw it at 4E. I was like, you know what, I'll just buy it, and I'll just, like, fucking, I'll send it to him.
And then I just, like, was like, no, I don't think I want to do that.
What's it for sale for right now?
I think 8 or 10. I think it just so free
Someone wants to blow their account up and start a villain arc buy it and burn that shit
Yeah, wait Wow Wow Wow James win mode
No, no Wow you have you have the opportunity to do the funniest thing right now
Wow, you're the richest one up here. You should something really funny no no no no we don't want to we don't want to piss off threat guy but someone
new wants to come in and really just you know be an antichrist here buy that shit and burn it i
think the current owner should just hold on a fair like they bought it so they deserve to make money
out of it sell it at a fair price to threat it's his online digital egg why would someone spend
like fucking where's moon thirty thousand dollars just to be
like like hey thread guy let me hit it from the back like it's just like guys your on-chain
identity on ethereum is valuable okay granted i don't personally own way i shouldn't say this
okay i'll say it someone's gonna probably go snipe it i don't own leap.e i wanted to buy it
like a year and a half ago two years ago and the guy was trying to sell it to me for a
at the time it was like a huge amount and i didn't want to do it um so it's still the guy
i feel like some rehab probably bought it no he's he's owned it since 2019 like it literally
yeah so you're a fraud you just you just stole someone else's
um no i can't relate i should probably buy it um but i guess i'm the only gino on the blockchain
so i can't really relate to this kind of conversation to be honest okay it's okay
leap i'm used to being called a fraud after wearing a gucci mutant for a year and a half
the gucci mutant legendary gucci are you gonna bring this
are you gonna bring it back dude hell's fucking no dude that shit looked like it was made in iraq
all right what okay we're gonna just move on from that uh what about uh let's talk about nfts for a
second what about um okay here's a fan favorite digi daigaku what do we think yes or no no bring
all right let's not summon
the beast. Alright, we're gonna just move on.
We'll go to...
I just have to mute the stage there. Goblin Town.
Goblin Town.
Yes or no? What do we think?
I got some good memories of Goblin Town.
We're off that, unfortunately.
I don't mind Goblin Town.
I mean, I don't know what they're building, but I think
definitely a legendary Ethereum project,
regardless of...
Okay, I'm being
downloaded quite a bit.
Alright, what about... Checks?
You said Pepin.
I'll say Checks. Yeah, Gino, don't worry.
He already said your bags.
Well, I want to just talk about my bags.
He literally has a spreadsheet of his bags.
I'm literally...
Yeah, he's got Zerion pulled up
and he's like, alright, we've talked about
this one, we've talked about this one.
What about Meebits?
Here's a good one. Meebits. What do we think?
Recently Acquired.
Provenants.
Are they the ones that drop that weird-ass
collection?
No, dude. I don't know why everyone hates on Meebits.
They have great
animation they're minecraft characters on they look really i personally really like me don't
know what the fuck pfp are you wearing um i i'm too poor i made my own thing don't worry about it
okay but now that you guys are talking about nfts uh what do you think about crypto gaming? Is it coming back?
Am I back?
That shit's never taking off.
Jonah, we're like two weeks away from being able to talk about crypto gaming and music NFTs.
We got to be a little bit... Yeah, dude.
It's not your narrative back.
Okay?
It's been here for two fucking years.
You'll just pre-register for GTA 6.
See, I'm telling you they the nft people
just want to use this as exit liquidity oh dude it's not true bro it's true all right what about
this i got a good one for you guys so since we're on the topic of nfts you want to talk about uh
gaming nfts he's just excited to talk about the guys are talking about this talking about this one thing. Let's talk about my exit pump.
It's literally Solana PvP all over again.
It's Solana PvP all over again, but it's like, no, no, no, go to my bag.
I have a good one.
Yo, I heard DigiDigoku's coming out with the game.
It's BroccoliC432B.
Yo, Carol, you don't like the game smoke.
Just try.
Okay.
For God's sakes.
Like a zoo.
Rare Pepe's, 2016 through 2018.
What do we think?
Nifty, are you lying on your dick right now?
Okay.
We're just going to mute the stage again on that one.
Let's go to...
Let's move on.
Oh, Milady's.
V1 CryptoPunks.
Okay, we're just going to mute again.
What about Chimpers?
Another legendary ETH. Great money laundering scheme. We're going to mute again. What about Chimpers? Another legendary ETH.
Yeah, great money laundering scheme.
We're going to mute again.
Just going to move on to Clone X.
What do we think here, guys?
Scam! Scam!
I'm just going to...
Every potential collab for DonateGG going out the window.
Let's talk about...
No, we can't say that one um no that one i already know what you
guys are gonna say here we go knock amigos what do we think yes or no this is owned by nintendo
yes yes excellent community for the retarded do you remember no stop make a ps1 game guys do you have one good thing to say about any single nft project
the community the vibes literally every single one i say you guys are scam this that what about um
oh here's one uh meme land what do i still believe the nakamigas will find that missing plane. Yo, Leib, what about Yoga Apes?
That was a good community.
All right, what about...
Mike 3, that was his thing.
Remilio.
Remilio? Remilio.
Campi Panda's in the list here.
What else?
Imagineer.
What happened to that guy?
Wasn't he building, like, an MMA thing?
Wasn't everyone building something?
Alright, let's just talk.
Wait, real question.
Where's the other side?
It's coming.
Don't do this, Nifty.
Is it coming, though?
It's coming.
Let's talk specifically.
You guys are... I don't know what everyone
took tonight. Let's talk specifically OpenSeekers. I no no let's talk let's move away from the nft
collections let's talk specifically openc's been cooking i gotta give him that dude no i really
want to know about other side though like what what's going on there don't worry about like
unironically because i can actually give you an update no anything anything that doesn't lead to that no like it's literally
been three years just three more years nifty please yeah every game i see my guys no no you
can ask three years okay let's go one at a time all right remember when nft worlds came out and
then minecraft booted them so they invent they built an entire blockchain and a new Minecraft?
That did happen, actually.
That is true.
They're still alive.
They're still building, I guess.
Yeah, NFT Worlds was a pretty legendary collection as well, too.
I mean, that was insane.
I mean, it was like 40 ETH for a fucking plot of Minecraft.
Oh my god, Mechaverse.
Okay, before we go down like history lane here when you said 40
eth i just remembered the mechaverse like 80 million sale for great we're gonna be doing this
in like two years we're gonna be doing this about meme coins we're gonna be like
billy and we're gonna be talking about like all the fucking coins that like did us well people
are already doing that on solana because coins just die after fucking 48 hours ass little dog i ever seen in my life do you guys remember the grifters all
right there's a good one this is a flashback the wow that the mute button just happened okay can we
get this on topic open c are they gonna do an airdrop okay let's get some takes let's get
some hands we know how to do this guys welcome space. Click the button in the bottom right hand corner. Give a like,
comment, retweet. If OpenSea was ever going to do an airdrop, this would be the time.
ETH damn near all time highs. NFTs pumping. Dude, give us a couple bill to degen in the market.
Kevin, what do you think? I'm not going to rush them. They've already taken their time. They've been genuinely cooking lately
Pump fun just did a token. I'm gonna let them cook
That's the end of my take please continue with the rest of your space. Thank you
Yes, please please move on to the next person leap leap move on to the next person
I'm trying to. Thank you, Lee. Please. I'm done speaking now.
I'm trying to thank you leave please
I'm done speaking now
Anyone other than Jonah, that's my only request. Please. Thank you. End of my take.
Conclusion. No longer speaking regarding my take.
Alright, I'm never raising my hand again. I'm just going to talk because Jesus Christ.
I'm never raising my hand again.
I'm just going to talk because Jesus Christ.
I mean, yes.
Token.
When I need it in like three weeks, like Kevin said, let things cook a little bit.
Don't rush it.
I did not say three weeks.
I said three weeks.
Okay.
So let's, so let's, but let's, so let's not take too long is kind of where I'm at.
Take all the time you need.
I speak for everyone.
Give it to us next cycle. we don't need it right now okay uh okay um we'll just agree to disagree on that one
i think that is probably a decent time for the airdrop at least in the near future and um i
think it would actually be good for the market and this is their chance we're not going to see
another i mean it could be four years before we see NFTs pump again.
Can I give you my reason why they need to start?
Again, it doesn't need to be dropped in three weeks.
But if they're smart, they would start to tease it.
Because there's going to be so much volume coming.
They've been teasing it for like a year, bro.
No, I know.
I haven't been teasing anymore, dude.
Not teasing, but pressing buttons and rolling
they've been doing us brother bro yeah yeah i never realized that like the room do the open
sea airdrop is literally like the unk airdrop because none of these new kids on like axiom
and fucking photon or anyone is going to touch any of this airdrop. This is what we all want, right?
Wait, K-Money, aren't they only airdropping new users of OpenSea?
I will get an airdrop of nothing.
I will die for it.
That's so dirty if they do that.
I will still support that.
Hold on, here, let me read this right.
OpenSea is a great product
and a staple in the NFT ecosystem.
End of Adread.
Got it. Sounds like Mog's about to get listed on OpenSea.
It's already listed.
I have no more takes, Lee. Please
continue.
So when is, um...
When are we gonna...
Okay, let's go to Vedant.
Vedant...
Amazing question, Leap.
Amazing.
No, I was just throwing it over to you if you had some...
You know, you wanted to throw something in.
Yeah, probably nothing on the OpenSea air.
Okay.
Throw it over to...
Why are you throwing it back so much, Leap?
Guys, I'm just trying to throw it to the
fucking people on the stage. Look,
Justin, what do you think? OpenSea
airdrop?
Yes, no. Blau, we're throwing it back
on you, buddy. Wait, who's Justin?
Blau. Leap's
doing that thing when you know the first name of the DJ,
you call him by his name to act
like you know famous people it's literally it's a rebrand it's literally music nfts
he literally knows yeah well you know aubrey you know whenever i was in toronto and guys it's
literally okay i'll just we'll just go on a fucking 10 minute monologue that's totally fine
um it's by the way he literally rebranded and it his username, but he's clearly AFK.
Look, whether they do the airdrop or not, it's a good time for ETH NFTs.
Clearly, people are moving liquidity into it.
Just looking at the top collections on OpenSea, everything's up.
CryptoPunks up 15% in the last 24 hours.
Pudgies, 11%.
Bored Apes, 12%.
Moonbirds, 25%.
That seems to be the darling of the last 24 48 hours like I said I met with
Spencer in person and got to check out what they were doing dude they're sharp they're excited and
I'm actually yeah getting involved in um I'm not getting involved but I'm buying quite a bit of the
the pudgy penguin nfts so I'm trying to put together the biggest collection in the world
of PSA 10 sketch cards as we speak and uh I don't know, they're just, they're cool. I got to play the game and I thought
it was a lot of fun. Chromie Squiggles up 36%. Again, these are kind of the NFT treasury
strategies that people seem to be kind of talking about. Fidenza's up 20% as well.
So I don't know if it's specifically kind of, you know, 10K PFP, 8K PFP NFT collections,
or it's more so art, but clearly there's a ton of liquidity moving in.
We're also seeing similar liquidity moving into Solana NFTs as well.
I think it's like Teo Robotics, and that's Tom's thing, up to 60 Sol.
Bodogos were up like 20% over the last day.
So people are bidding um the
question is are people going to be buying solana entities at all or is it just going to be i don't
know what are the e digits at oh speaking of which um they've been up there's been quite a few sales
i personally got burned heavy on ens i remember i had one of the most expensive Arabic ENS and had like a fucking
sick. Bro, I got rinsed on the Arabic ENSs, dude. Dubai princes were not sweeping the floor.
I had like a 60 ETH offer when I had, keep in mind, I had no money. I was so broke.
And I had like a two digit or whatever, three digit Arabic ENS, had a massive offer,
was fully convinced that the Prince of Dubai
was going to come and buy it for $3 million. And nothing ever happened. I turned down all the
offers, round-tripped it, and I think I ended up not renewing the ENS and it just expired.
Wait, did you buy it?
Yeah. Well, I bought it for so cheap. This was last cycle. It was like nothing. I paid for it.
But I owned a ton of ENS.
Didn't really ever make any money on it.
Let everything expire.
And then obviously now things are pumping again because ETH is moving.
But yeah, I don't know.
I mean, I think the ENS thing is interesting.
I don't think there's going to be as much speculation on it this time around as there was last time.
That's just my own personal opinion.
But some people are buying them.
Obviously, this whole threadguy.e thing is going on and ens volume as a whole is up considerably too
it's just not a game i want to play again um it got crazy last time it would be like
151 pokemon named enses there was harry potter enses there was this entire website that would
just create categories on them wasn't like ems vision
yeah that's what it was it was something like that and i remember every time that they would
create a category on a specific type of it was fucking rip dude they would rip so you know
people were just it was the the super corrupt in my opinion um there was like the flag ens there
was like emoji i got fucked on the emojijis. Emoji E&S.
Yeah.
Nifty, you look like a guy that would trade emoji E&S.
You know what? I was up a lot.
And then
I was down
a lot. Even worse.
What emojis did you own?
I think I had the wheelchair guy
on it. Bro, like just
single wheelchair guy emoji yeah like
that's gonna fucking rip someone in a wheelchair like a wheelchair whale is gonna sweep it
stephen hawking is gonna come back you know what dude because like if i was in a wheelchair i'd
want everyone digitally to also know i'm in a wheelchair even if i'm completely anonymous
the equivalent of taking the wheelchair parking space you know i'm in a wheelchair even if i'm completely anonymous wheelchair emoji yeah the
equivalent of taking the wheelchair parking space you know i mean i was gonna be a beer i was gonna
make it my name you know but your name was gonna be wheelchair no i was gonna put it in my name
you know like how everyone was like i think that would have been tough i got this wheelchair
i think it would have been bad luck like like, the equivalent of sitting in a wheelchair
and, like, riding a wheelchair.
Or, like, the equivalent of, like, being in the
handicapped, like...
Like, you were gonna get, like, better
parking? That would be good.
Well, no, like, you know, like, you're in the wheelchair bathroom
and then all of a sudden the wheelchair comes in...
Wait, you're gonna be, like, farming sympathy?
Like, you would have that as your ENS?
Do a transaction with no MevBlock
and then Jared from Subway would be like,
oh man, this guy's in a wheelchair.
Let's not sandwich him.
I should send this guy some money instead, actually.
Some of these dudes,
if you go on OpenSea right now
or whatever your preferred NFT platform is
and you go to ENS
and you sort by highest last sale bro last cycle was disgusting
like the i mean metaverse.eth sold for half a million dollars damn near
the 10k clubs at 0.04 they are not pumping yeah i mean it's it's um here's some arabic
ens that sold for like 60 to 70 e like when when ETH was $4,000 I mean it was
Do you remember buying
Sandbox Land? Yeah of course
that honestly we're gonna know
shit's toppy when we start to see like
Decentraland and Sandbox pumping again
That's not happening
No fuck it I'm gonna open a short and just
sweep them right now dude
No literally the top
of the metaverse is when everyone ties a coin to their GTA 6 server thinking they're the next fucking giant metaverse playing GTA.
We are going to see that the same way that we saw people tying coins to their Minecraft servers.
There were many NFT projects that made millions and millions of dollars based on that.
And honestly, it was kind of a good experiment. Like though nft worlds like oh the reddit ones reddit and it's actually
had potential for a minute and then all the don't worry guys portland oregon is sweeping the floor
what happened to those oh the brokest people we know are not what happened is redditors what happened is all the you need more like shadow
reddit mod whales or like are lurking jonah jonah we need you to fill our bags to your fellow
reddit justin blouse i mean it's like everyone hears other people speaking and they're like if
i keep speaking maybe maybe everybody else will stop look speaking of reddit nfts y'all want to
you know talk not necessarily negative about them
but like almost in jest dude so many normies had reddit nfts i know many people i mean we're
normies too but many people who were outside of the crypto twitter sphere were buying reddit nfts
collecting them and even now i'm looking at them now i don't know i mean but they already did what
they needed to do i don't know if you like saw reddit when they had reddit nfts but they were angry bro like their whole like message
was like let's dump these on like crypto bros because we hate them and they did that successfully
yeah they did and then they went back to like you know bullying people into killing themselves or
whatever they do on reddit uh they usually complain about politics and don't do anything.
That's Twitter.
What about this?
I just got a DM.
This is a real DM from Burden.
And Burden said, I can't...
Is he still 18?
Burden?
Dude, he's still 18.
That's a crazy question.
Guys, I swear on everything.
First of all, that was an insane way to ask that question.
I think he's like 22 now, for the record.
But just completely, I'm just throwing off.
He sent me a team and said, I can't make the space tonight.
But make sure you don't forget to talk about runes and ordinals because they are up.
So let's see.
Let's go on Magic Eden.
Congratulations, holders.
You're now almost break-even.
Guys, hold on.
It's only been six months of holding.
It's not even close.
We have a bongo tweet telling you every day is a new day for them to pump.
Bro said, is he still 18?
Yeah.
I know I sound like fucking Jeff.
Wouldn't you like to...
Guys, I mean, it's like almost...
It's an inside joke.
It's like the great Donald Trump one said,
enigma...
Don't say inside, bro.
Come on.
I mean, it's like I mute the stage and everyone just...
It doesn't even work.
This platform doesn't even work.
Look, Taproot Wizards up 30% in the past 24 hours.
Puppets, 21%. Node Monkeys, 22%. OMBs, 20%. 12-fold, which is the Yuga sort of art ambiance,
you know, aura sort of collection, up as well, up like 100%, up to 0.2 Bitcoin.
People are buying these things for 0.2 Bitcoin.
That is not a small amount of money at all.
That's like if the NFT was 12 ETH or whatever it is.
Quantum cats, up 15%.
Adderalls, which is an interesting name for a collection,
up 14% as well.
So across the board, these things are up.
I don't think it's not worth noting, if I up. I don't think it's not worth noting.
I'm being honest. I think it's, it's definitely worth noting.
Now the volume is not as high as maybe you would think, by the way, I was, if you guys know Oni
pixel, he's a counter-strike streamer. And by the way, burden says I'm 21, you boomers. So
clearly close name. I was watching, OniPixel stream earlier today.
And it was like they were like basically going and looking at cheaters and looking at their VODs and seeing if they were cheating.
They pull up like the rank number three guy in all of like Europe or I can't remember what server it is.
And they're like analyzing it.
And they pull up his PFP.
And this is in front of hundreds of thousands of people watching this
across different reposts or whatever guess what his fucking pfp was it was a taproot wizard
no fucking way no way oh my god dude that's so sick bro i i don't know every
community has made me feel molested by this space. I'm not going to lie. May every day be another
wonderful secret.
Wait, sorry, Leap.
The guy who had the PFP was a cheater?
No, he didn't actually end up being a cheater.
Oh, it was just one of the YouTube accounts?
No, he was a legit player.
But his PFP was a Tapper Wizard.
It was just interesting to see
because it was a super big video.
I'm pretty sure OniPixel was like, what is that retarded PFP?
The art's kind of fire.
No, that's all right.
Look, people like to joke about Ordinals, the Saturn, and the Third.
No, I like Udi.
I think, let's not talk about Udi or not Udi.
I just think the thesis is there.
I think art on Bitcoin is a strong thesis.
Runes, yeah, for some people and it wasn't
the best thing and to be honest i also lost quite a bit of money trading runes i think kraken
listing dog is a great step in the right direction it's just hard the assets are not
did you see leonidas in the audience who just threw it in their what nevermind nevermind
leo was on the stage a couple, like a week and a half ago.
But I think the assets are just, it's tough for the liquidity.
It's tough to get them tradable.
I mean, Magic Eden has made some steps forward using Slingshot and this, that.
Dude, runes fucking suck, Leap.
I mean, I definitely round-tripped.
Can we go back to ETH NFTs?
I'm getting bored.
I'm so bored with this fucking Bitcoin NFT talk, dude.
It takes like five hours to move a single app.
The real people who made money on Ordinals
were the people that knew how to download
that thing that one night.
They had the whole starter pack
set up, and they're like, you guys, it's so easy.
It's so easy. And they minted all the shit
and then dumped it on us.
No, no, no.
Man, I feel like you knew that to everybody.
Listen, listen. Niffy, I feel like you knew that to everybody. Listen, listen.
Niffy, I agree with you though.
It's not that it was intentional.
It wasn't intentional, but
usually people talking about nodes and stuff
might have known a little bit more.
They were like, you guys can do this,
but it only takes two days to download the program
and we're minting them right now.
And they're already minting for us, good luck because because the thing is those those things
didn't even really have a big impact in minting runes i just remember like people were selling
them for like two bitcoin it's on like discord people were selling dude there were runes selling
i mean there was a sotheby's auction oh not the runes they're not ordinals the early ordinals yeah oh yeah yeah yeah yeah yeah the punks that no one could get but like you can
oh early inscriptions yeah yeah yeah yeah that stuff bitcoin shrooms and like shroom toshi and
like a lot of these people those pieces sold for insane amounts of money you remember when people
were selling inscriptions like this is when they sold crack at that store down the road.
Yeah, but the crack was fucking 100 bands, dude.
I don't know.
Dude, I just don't have a ton of different...
ZK used to come into Leap Spaces and just...
Oh, he made the mode.
Yo, go and scribe.
I respect him, dude.
He was hustling.
He pulled out the Excel spreadsheets and was doing, like, OTC market making and disclosures.
I respect that.
Guys, I mean, reality is is that there
was a ton of opportunity in inscriptions and uh personally like i still have you were smart
if you were smart i mean there was had a pc there was friction but with anything that's good it was
lit it was lit whenever there's some sort of like um whenever it's difficult to buy stuff that's
typically when there's a lot of opportunity there.
The moment it becomes accessible to everybody,
that's usually when you want to sell,
when the liquidity comes in.
Like two-digit ENSs, right, Leib?
I mean, I don't know.
I don't know if ENS,
the two digits are going to be as popular as they once were,
but I still think there's a lot of good stuff
in the Bitcoin ecosystem.
I think it's kind of ridiculous just to write it off.
Some things take a long time to cook.
Would I suggest...
Name one good thing.
You said name one good thing?
I still like OMBs.
Dude, Ornals are actually sick, dude.
Ornals are sick.
That's different.
Ornals are sick.
I can name one.
Oh, I can name one.
The Meta Pandas.
Those are good.
I like...
Ornals low-key the best nfts besides
fucking crypto punks bro i said it yeah i i like puppets but the art ones are different no so look
i think there's gonna i don't know if the thesis of ancient bitcoin whales coming and buying your
bags is going to be a thing anymore that being said clearly there's some appetite to buy them
we can see that in the volume let's see what happens over the next couple weeks.
I personally thought there would be a lot more of a surge of liquidity as Bitcoin hit all-time high.
But I also thought Solana would be back to all-time high with Bitcoin at $120.
But why? Bitcoin is like the World Reserve fucking savings account now.
Why would you ever sell your Bitcoin for an ordinal?
I never got that. It's not necessarily about sell your bitcoin for an ordinal i've never got that it's
not necessarily about selling your bitcoin for ordinals it's more so as this major it's you know
rise and tides lift all boats as the major asset the biggest asset continues to rise bring more
liquidity and attention into crypto people look for increasingly more hedge will they look will
they look for increasingly niche markets within
the ecosystem in order to trade i mean dude like i said i'm i'm i bridge to avax because there's a
ton of opportunity with elio's thing i'm making the reason for those things is to get increased
risk exposure on the asset you believe in growing and if you want increased risk risk exposure you
don't have to buy ordinals. You just buy
a Bitcoin treasury company that trades them. Yeah, but it doesn't trade at the same. It's
not going to make the same multiple. Like the reality is, is that if you pick the right,
whatever, whether it's a rune or an ordinal or Solana, whatever it is, you're talking 50,
100, 1000x. You're not going to get that on a treasury company. You might get a 5x if you're
really lucky and really early, but it just
you know, people are looking for a different
level. And they're also looking for creative things to
bid. I already own Bitcoin, Spot
Eat, Solana, Meme Coins, all this different
stuff. Like I'm buying Counter-Strike skins,
I'm buying art on different blockchains, I'm
looking for more. Wait, wait, wait, you're buying Counter-Strike?
Yeah, what are you buying?
What are you buying? Factory new, Gamma
Doppler, Emerald, Butterflyfly Knife Double Zero Float.
It's like shit, bro.
Oh, yeah.
Dude, Souvenir Op Dragon Lore Factory.
Bro's buying $50,000 CS skins.
To be honest, the CS market is down like 30% in the week because of the new.
Yeah, because the Chinese stopped bidding because crypto's up.
It's not about the Chinese stopped bidding.
It's that they changed the trade policy now. So there's like a
seven-day wait period.
Yeah, but they have no choice. They have to do that.
I think they're just trying to bring more money back
to the Steam marketplace.
No, no, no.
All this talk makes you just want
to buy more meme coins.
Yeah, that's fair. I think, look.
I'm not going to lie.
I'll always bet on the fastest horse, dude.
I just want another 5,000oul to 10,000-soul cook.
Is that too much to ask for?
No, it's not.
Can we get back to that tech?
Can we do another boom?
I would love another boom,
but looking at the charts...
I made good money on that. That was a good one.
Looking at the charts, there isn't...
I mean, dude, it speaks for itself.
I think the Launchpad Wars have basically
cannibalized any existing liquidity,
have divided the communities within
the Solana trenches, and
the PvP has gotten totally out of control.
You'll have a coin. Did you guys see this
Baby, Groot, Groot, whatever
bullshit? I didn't bid it, but it was
like, it launched on on pump and then it was
like brother it's called baby groot of course it's not gonna work the vatican milady coin
fucking lucy it was on pump fun it went to great example oh yeah that was a great great coin great
coin i'm launching it on bonk now fuck it so that's can you send the ca so that's that's the
issue here is that like the trenches
have become so, and this is why I think
ETH coins are running because they're not
they're not PVPing themselves
there's one coin, people fucking bid it
it is what it is
that's not what's happening on Solana
like exactly like the Luce coin
there was the original one that by the way has
43,000
what did you just call it?
Luce, I'm pretty sure we don't know, Lucy the way, has 43,000. What did you just call it? Luce.
I'm pretty sure.
Luchador.
We don't know.
Lucy, Lucci, Vatican, m'lady.
Yeah.
It has like 43,000 holders.
It was sitting at 4 mil, 3 mil market cap.
A new one gets launched on Bonk.
That one starts to run.
Basically, both end up losing.
And the real losers are the people who are bidding these things after the deployers and the like original insider circle. So there's not a chance for this massive multi
hundred mil runner to generate, which by the way, is what brings people to buy Solana. That is what
drove Solana to $300 in the first place is Trump, right? When you don't have a single point of
liquidity where people can actually just because most people
are just keeping their shit in stables even on soul right so there's no reason no no a lot of
people are stables are for horses brother that might be you bro i don't know i'm personally
not really that much in stables i'm i'm pretty exposed but a lot of people i know are just
keeping all right ask the stage ask the stage i bet you most people are not in stables. I'm not in stables, but I'm in
I'm fully in trash on solana
I moved to stables and then I moved them to other uh other shit like i'm not you know
deployed into trash shut the fuck up
What do you mean we're all fully deployed into trash
I'm invested in it in great companies.
Creator Capital Markets.
Yeah, I'm in on Seoul.
I will say.
The fact that Labubu didn't go and pass Mudang and Market Cap,
it's just a sign of the times.
No, it's a sign that Anon got involved in it.
Labubu is like the most viral internet IRL
thing, and it ran to
75 mil.
But Nifty, I'll tell you why.
Labubu didn't have a Razmere.
That could be it.
You know what?
Razmere,
you should, you know.
Wait, but I already sold.
But what did Mudang have?
Fucking FedEx?
But they had Ku Capital.
Mudang was...
Oh, completely.
Mudang is a totally different situation.
Look, I think you know my opinion on the...
I think Mudang is the same situation as
Labubu,
except the market is a little bit different.
No, because Mudang...
Okay, so there were a couple things
that Mudang did really well.
So they had...
And they were basically the first people to really innovate on this,
is how do you approach the Twitter page?
They approached it as, this is the Mudang fan page, right?
Like it's not associated.
That's what the Lububus people did.
But we're talking way after the fact, though.
I think because they were the first people to really do it that way,
and how viral, Lububu is very viral.
Are you analyzing
Mud...
Mudang was, to be honest, like...
Mudang is not
nearly as viral as a Lububu.
So I totally disagree.
See, Mudang was like a flash
in the pan moment where it got super, super,
super... It was a one-hit wonder.
Basically.
Did it come before or after the ai meta uh before before right it was before yeah we
all see we all needed that runner that was mudang it's the same thing that happened to billy
see but yeah but the thing is like mudang makes way more sense than billy in my opinion yeah but
they okay but i think like the
timing was everything labubu makes just as much sense as mudang no hold on hold on no mudang is
a fucking baby hippo and the animal meta and animal coins is a thing in crypto it's like an
identified hey this is something that we get yeah but labubu is like, it's not like a random ass meme.
Like, it's... Dude, but Labubu made Popmart like $5 billion.
But the point is, is what?
What did it run to?
44 was the top?
I mean, Gino's a Labubu plug.
He is, he is.
He can get me all the secrets.
But see, Labubu running the 44 mil in this market was good.
Labubu is a... The IP is... Dude, I never thought that Labubu was to 44 million this market was good. Labubu is a... The IP is a...
I never thought that Labubu was going to do that.
44 million? Bro, okay.
I know you've been in the coins. We've all been
in coins that ran up to
billions.
44 million is not...
Dude, that's your point, dude.
The shit's like fucked, bro.
Unless you're like Pepe Mog.
Pop it, Pepe Mog.
That's it.
Sounds like it's time for a crazy...
No, this is like bear market shit.
Farcoin made it past that chasm, I think, as well.
You need a group of highly motivated, highly liquid individuals that are coordinated and believe in the same thing for a coin to send.
Look at Useless.
This thing's at 300 mil.
It doesn't look like it's stopping anytime soon.
I personally believe the ceilings are there
and can be raised in the moment's notice.
I didn't think...
Yeah, but like, Useless is not an organic runner.
I think Mudang was a fully organic runner.
Mudang was not organic.
Mudang was not organic.
I think it was.
It was pretty organic.
Absolute crime.
No, no.
Absolute crime.
Mudang was not crime. I really do not think it was crime think it was absolute crime no no absolutely mudang was not crime i really do not think it was crime well it depends what okay so we it was so viral so fast and then
it stopped and the chart went down we have over indexed what we consider crime in my opinion like
crime has become i think we've under indexed like dude like Mudang was pretty organic. Peanut was crime. Yeah, Peanut.
Yeah, okay, there we go.
Okay, hold on.
Peanut was the worst shit I've ever seen in my life.
Peanut was literally crime.
It was literally crime, though.
What about that?
Okay, hold up.
Can we define what crime is?
Because this is the...
Crime is when I'm not in the pump, dude.
Okay.
When we're not invited, it's crime.
All right, fair enough.
Fair enough. enough but really though
what is crime is it just a group of people that are liquid and want to bid the same thing is that
crime crime is an exit strategy brother it's a little more leaf i wouldn't know because i'm not
a criminal but maybe you should ask nifty wop here i would say crime is when they bundle 90% of the coin, and there's probably market makers involved.
I'm an American citizen, okay?
A good indicator is the amount of Birkins that somebody has, I would say.
Crime is when people feel like it's too forced as a narrative.
Launch coin was white-collar crime. All right, hold on. Crime is when people feel like it's too forced as a narrative.
LaunchCoin was white-collar crime.
All right, hold on.
I don't even know about that.
What about that altcoin thing the other day? Guys, I mean, I swear to God, we're going to go back to talking about ordinals if you guys don't talk one at a time.
I mean, this is – Kevin's throwing up the crying emoji.
Okay, can we just get a solid answer?
Crime.
You guys think it's bundling?
You think it's people organizing i think i think it's a mixture of bundling false narratives and like just secret
money funneling into it uh probably being laundered yeah i think like the money has to come from like
a bad purpose like a bad thing before for it to be crime. I don't know if that's exactly...
I don't think the intention
behind the money...
You know what I mean? I feel like
it has to be bad money going into the...
Okay, that's true.
Okay, so...
Define bad money.
Lazarus Group is a great example.
Yeah, right. That's fair.
I mean, I just... We can't even get two seconds into the conversation without divulging into barbarianism.
Like if Nifty Wap funds it.
Okay, so Nifty Wap funds it.
That's not crime.
Yeah, but I can't do shit compared to the cartel, you know?
Like, I mean, what?
What can I do?
I'm just a Jew.
Well, let's find out.
I think a lot of it depends on the current state of the market.
So, like, when everyone's miserable and prices are down, the crime is worse.
I'm actually going to fight for Nifty Waps point because you guys remember, like, when Brainlit actually first launched, like, the CTO and everybody went crazy and ran, like, what was it, 50 or 15?
I don't even remember. Okay, but that was nifty it was the best
time i've had besides pepe but that was nifty announcing right but no one called it crime
it wasn't crime that wasn't fucking crime brother do you see exactly no exactly no exactly but if
you saw that in any other chart dmu in the bear market brother you know what i'm
saying right no i yeah it's like okay the whole thing around brain and i'll like i know leap
doesn't even want to fucking hear he's gonna mute me but i just saw everyone getting rugged in group
chats and i was like you guys are so pathetic like you guys can't even get a coin past 80k
and you're just getting rugged left and right and meanwhile like there's this coin that i bought like with a bunch of fucking chads a week ago and it's like just chilling at 400k and there's like
a fully active twitter and the guys are like grinding and so i you know i tweeted it out and
it pumped like really fucking heavy and i was like okay well i think i have to join the cto team
because like there's like some responsibility see but if anybody else did that with any other thing most people you would call that crime they do it all the time they have axiom ref links in
their bio usually shout out to nifty if nifty doesn't i like i okay i i don't like okay maybe
i guess no no okay wait wait let me clarify though what you did is nowhere near crime
but other people...
No, I just tweeted a coin and I haven't done that for like a year.
Hey, welcome back to Leap Space.
Today we're identifying what crime means.
If you're enjoying the space on the bottom right-hand corner, go ahead and smash that fucking like button.
I can tell you that Brainlit was completely organic.
organic um I still hold all my brainlit and I have more um but like I don't think you'll see many
I still hold all my Brainlit and I have more.
organic things like that again and I'm being completely serious when I say like brainlit was
completely organic like I did not expect it to run like that it ran like that and then I was like okay
we'll have some you know you gotta get my big boy pants on now. But, um, yeah, I don't, I, like,
I would just say for the, the other, the newer crime coins that,
you know, good luck.
Could you name some newer crime coins that?
Aura, Aura is a great example.
That went to like 140 mil and it's like at 6 mil now.
I don't have any thoughts or opinions on any specific coins.
I'm going to give a take here just for the sake of the conversation, just to play devil's advocate.
If we're categorizing crime as basically however you look at bundling versus organized bid liquidity, market making, supply control, whatever.
I would say some of the most successful projects have been coins.
I can give you an example of crime.
Wait, that have been what, bro?
You didn't even finish the statement.
Let me finish.
Have been pre-organized.
I don't know if collusion is the right word.
Yeah, i got an
example for you we're getting a bro let it dude you welcome this is my hell by the way this is my
razzamars just left seeing me join that fucker oh my god razzamars let's go razzamars okay shout
out to razzamars um look i think there's something to be said about coins that have had groups of people that have kind of been organized, had a united vision, and didn't want to sell.
And because you now have this culture of, I mean, people almost flex their hold times.
And I see hold times that are like sub 30 seconds.
I've seen some that are sub 20 seconds.
How do you even click the buttons that quickly?
And again, I think that the trenches have cannibalized on themselves.
They've collapsed on themselves under the weight of everyone trying to maximize profits in a short-term period.
My hold time, I'd actually be interested to see what my average hold time is.
It is long.
I don't even remember the last time I bought and sold a coin on the same day,
let alone the same week.
And because of that, I've done well.
But also because of that,
I've round tripped a lot of profits.
It's a really hard game to play.
I don't know what the best way to do it is.
There are people who sell within the same minute
and I've done tremendously well.
There's other people who sell within the same minute
and have never had a good win
because they just can't believe in something long enough. I think Ethereum has historically been better with that,
with some of the big coins. We've only seen a couple coins on Solana that have sustained
long-term insane pumps. Fortcoin being one of them, obviously useless is doing its thing now,
but let's see it grow. Let's see it get to 500 mil to a bill
and let's see if it stays there another one that people shit on all the time and this is one that
i held on day one and sold within the first two weeks and then a year later maraud decides decides
to cto it which was spx i have text messages from whenever the year it came out,
2023 being like,
SPX is kind of cool.
Whatever.
Not knowing anything at that time.
It was nothing.
Right.
And now it's at all time high to bill.
And everyone's saying Maraud was right.
When a month and a half ago,
people were clowning Maraud for calling for all time highs every two weeks.
To be fair,
he did call for all time highs every every two weeks. To be fair, he did call for all-time highs
every single two weeks for about six months straight, but eventually he was right, and here
we are, and his portfolio is $50, $60 million. So I'm still a big believer in buying stuff that has
people behind it that actually believe in the project, that want to take part, that there's a
real culture, and holding it for
an insane amount of time and sometimes it's going to work and sometimes it's not and i get clowned
on it all the time people say i don't take profits whatever i just have a much longer term vision for
everything that i bought sometimes it works out sometimes it doesn't let's go to the hands before
we do you guys click the button in the bottom right hand corner give it a like comment retweet
or the pin tweet at the top it It is the best way to support.
Sol is currently ripping.
ETH is ripping.
Hopefully this week is green.
I want to go to Morph because Morph has not spoken yet.
Morph, what's up?
What do you think?
Wait, I'm muted.
Sorry. wait i'm muted sorry i think we should all uh top last eth and buy mock and just believe in something
yeah shout out to mock shout out to mock uh great strat it's a great strat it is honestly well if
you look at it from more of a bird's eye view, just taking that leveraged bet on ETH is an interesting position.
Even you see Luca talking about, look, you might as well hold your ETH in Pudgies because it's a leveraged bet on Ethereum.
And I think people are getting excited about that idea of projects with deep liquidity that they can move in and out of.
There's not that many coins on Ethereum where you can move in and out of seven figures.
There's only a handful, so you have to take your pick solana even less right far coin being one of them
not much more than that right not much more yeah but the ones on eth you can really move
seven figures in and out of without touching them yep that's true no one cares about solana anyway
whoa more come on you come up here and talk about razumar and
shitting on soul what's going on born too early to buy bitcoin at 11 born just in time to get
rocked by razumar two dollar let's go dollar dollar okay um you don't think you think solana's cooked
more if you you don't you don't think it's good no i don't think sol you think Solana's cooked more if you, you don't, you don't think it's good? No, I don't think Solana's cooked.
It's just like, I don't know.
It's just like so 2014, you know?
You're saying Solana's so 2014.
Okay.
Um, about six years before it was created.
That's fine.
I mean, we're going vintage with it.
Um, yeah, I personally don't think it's cooked if I'm being honest, but let's talk about
kind of the, the elephant in the room pump.
4.3 bill, still a little bit above its ICO.
Still, dude, it's fucking coin, dude.
It's above its TGE.
If you bought it in the ICO, you're still up.
It's really just everyone who bought it after the fact.
But I do understand that it's rough.
Literally no American could buy it. Somehow they figured it out. I would have loved everyone who bought it after the fact, but I do understand that it's rough. Literally no American could buy it.
Well, somehow they figured it out.
I would have loved to have bought it if I live in America.
Literally no American could buy it.
RNS.ID.
You know, become a digital resident of Paloo.
Okay.
And the name of this space is crime, so there's that.
Whatever.
Okay, let's talk about... uh oh we do have some hands um
crow and then we'll jump over to jonah crow what's up yeah i wanted to say um you should
never tell anyone to buy like your favorite picture because i have a lot of people that hate me
on twitter because i told them to buy my favorite poverty picture and like you know when you collect
poverty pictures you just got to
collect them not because you want to be poor or anything just because you like them that's what
i was trying to get out before okay don't tell people to buy your favorite poverty pictures um
let's uh jonah talk to us what uh what's your hot take uh i've been making a lot of money on abstract meme coins.
Who's laughing?
Oh, never mind.
That's just the audience.
I guess they don't like abstract.
I've made some good money on abstract meme coins.
What do you mean?
I can't even use it.
What bot do you use for that?
No bots. It's all manual you know the amish nice dude nice oh you're laughing at me i feel like abstract taking
the gatekeep into the next level to the point where like people don't even bother checking it
anymore dude i'll be honest i'll speak on just i mean people are laughing but i mean i don't even bother checking it anymore dude i'll be honest i'll speak on just i mean
people are laughing but i mean i don't know i'm making good money there and i and luke listen
my bet like could the chain die 100 i just know the lucanets doesn't like losing and that man's
no no no the laughing has nothing to do with luca or abstract it's the meme coins
on abstract laughing at your size he's laughing at your size. He's laughing at your size, quite frankly.
Oh, yeah.
No, yeah.
I mean, like, I don't know.
It's like 30, 40 grand.
It's not much.
What do you mean that's not, bro?
That's 30, 40 grand, bro.
What are you saying?
I thought you guys were like size.
Is that size for you guys?
30, 40 is size to anybody.
Here's what I have.
Is it really?
Yeah, dude.
Do you really mean 30, 40?
Nah, dude.
30 to 40 is not size, dude.
Nah, something light, dude.
I thought you guys were like...
I thought you guys were like...
Big money. I don't know.
Brother, you sound like a serial deployer, bro.
The only person making 30, 40 grand
is the guy launching the token
on fucking abstract.
Facts, that is crime.
30 bandos.
No comment. I'll speak on abstract from
a design perspective i honestly am going to crit crypto tonight this is my last night in crypto
forever so enjoy the space while it's here look i'll speak on abstract from a design but i just
i'm three cups of coffee in and i can't just too much simulation from a design, I just, I'm three cups of coffee in and I can't, there's too much simulation.
From a design perspective, abstract or global wallet, the way they've approached Privy has been a pretty big inspiration to us too.
And like what we're doing and what we're building.
I like this idea of how they present the information to you.
I think it gets overlooked quite a bit, but it is actually very hard to come up with all
it is actually very hard to come up with all that.
that.
It's like actually build that.
It's taken us like weeks and weeks and weeks to get the,
get it the right way and do all these sorts of things.
And I know a lot of applications that abstract in their,
their global wall has been an inspiration too.
So it's a shout out to them.
I think they just crossed a hundred mil TVL,
something like that,
which is it's actually really impressive.
I think the game of buying TBL is kind of over it doesn't work the wet as well as it used
to it always leaves the chain immediately after we have a couple big
examples of that that we don't even need to mention you probably think of them I
think that they have a pretty big battle when it comes to the streaming stuff I
think streaming is
probably the most contested point in crypto from a sort of retail content creation point of view.
We see that across the board. Time.fun investing heavily into their streaming. You see Ansem
being involved streaming more and more every single day. Obviously, Pump has made huge investments, probably millions and millions of dollars into
the streaming infrastructure and building that out. You see even Arena on AVAX, and they're
doing their thing with streaming. Yeah, and then there's obviously Kik, which there's been rumors
of a Kik token and crypto integration with Kik for as long as Kik has been a thing.
They've even, I don't know if the account was hacked or not,
but we've seen tweets come out from the Kik account about it and then delete it.
So who really knows?
But streaming is tough.
So, I mean, I wish them the best there.
But I don't know.
I think Abstract has done a phenomenally good job
in just presenting the information, making the apps available to people.
Ecosystems are not easy to build.
I think we have this idea with L2s that they just, like this isn't 2021.
You don't just spawn an L2 and then all of a sudden it's 15 bill market cap.
Like those days are just gone.
And honestly, they should have never been here in the first place. They totally diluted the way that we think about chains and how these actual ecosystems
were built up.
Ethereum, Solana, Cardano, any of the ecosystems that are considered quote unquote likely mature
and which is I guess the legal term of how the government categorizes them at this point,
which technically is only Bitcoin, Ethereum, and Cardano. But any of these ecosystems, Solana,
and Cardano, but any of these ecosystems, Solana, whatever it is, these are battle-tested ecosystems
that grew over years and years and years. And then we have these L2 spawn, and people expect
within the first month or two months for them to just be phenomenal successes. That's just not the
way that anything works. Even the most successful products in crypto, PumpFund, you know how many
months that pump fun
took and they were on base before i'm pretty sure and then they migrated like these things
are complicated even fantasy top right on blast did wait pump fun was on base i'm pretty sure
pump fun was like on base or they were does it want to fact check that i'm if i'm wrong i'm then
correct me but i'm pretty sure they were building on ETH before and then moved over.
Yeah, you're right.
So these things take a minute.
And honestly, I think abstract has done a really good job for being out in the time that they've been out.
So I'm excited to see where they go.
I'll tell you how I strategize picking the abstract meme coins, as funny as it is in how small they are.
Just deploy them, bro. It's okay. I i'm not deploying them i don't do that but it is fun that's really
funny though uh no it's literally like pudgy penguins is trying to be like the nintendo crypto
so i just look at one of these fucking animal characters and i go would luka nets possibly
buy this if they put enough work into it like is this the donkey kong of their eco is this the bowser is this the yoshi is this the
gooner i don't i didn't i didn't buy gooner i'm not i do it's not for me well i mean like it's
me personally but like i won't say what i bought so this is when actually a thread guy told me this today,
I was asking him about something similar,
not about abstract, but just coins in general.
And it was something along the lines of,
and I think it's a really good take.
If your thesis around a project or a coin is that the project is that the
marketplace, the ecosystem, the founder, whoever,
like some sort of pillar within that category is going to buy the
coin and that's the thing you're looking for then you don't have a real bull thesis on the
on the product like you are hoping for a hail mary moonshot i'm gonna disagree in this i agree
in most cases but this is particularly different because wait joan are you buying these like at
at launch you're getting them for five at five k or when are you buying these at launch? You're getting them at 5K? When are you buying these?
I buy them at 20K and just don't look back.
And if I see in two months that there's something,
I go, oh, that's cool.
See, that's crime, Jonah.
What?
Dude, no, it's crime if it's on Solana 20K.
Ew, ew, ew, ew, ew.
Yeah, no, but it's not on Abtract because abstract because abstract is so small that when anything launches
there everyone knows about it because there's not enough things there that are launched
so everyone really gets in at very early if they want to it's just it's just like
dozens of people on abstract looking at abstract saying you see that one guy launched that thing
and they're like is it a rug and And they're like, let me check.
And then.
I don't know, dude.
I like abstract.
I like a lot of the, you know, the apps being built on there.
But when it comes to meme coins, personally, I tried it for two weeks.
Made some good money.
You're telling us about you're making money from meme coins.
Money from meme coins.
Dude, the people trading them are interesting.
Dude, the people trading them are interesting.
They like, in two weeks, bro, I went from people loving each other to like going at each other's throats.
This is like 200 people.
Oh, yeah, they went from a dirt poor.
Okay.
Okay.
So, look, I think there's going to be other things that people want to participate in besides meme coins.
Clearly, meme coins have been the vehicle for liquidity and excitement and and you know attention whether it's on Twitter or wherever but
I am really hoping that apps make a comeback and that there's people things
that people want to participate in I know we've joked about gaming I'm hoping
that there's something there that comes I'm joking it will come back it will
come back I think so I think it's possible. Look, another ecosystem that people seem to be super excited about now, especially post, you know, the new base app launch is base.
And the new, the mini apps and their new wallet.
Adam's laughing because he fucking wrote it.
Bro, I'm laughing because I don't know if you saw it, Leap, but the Gary V launched a coin yesterday.
So whatever, one of these creator coins, whatever they call it but fucking gary v launched it like and and jesse tweeted about it and bro it could
barely go over 100k i mean just nothing there no volume was it on um was it on zora uh i don't know
if it was a zora coin i think it might be the way it works um adam do you have the base app no dude i'm not gay
well that just seems unnecessary yeah like bro anybody using the base app i'm sorry bro they're
trying to like hey i've got a hundred invites bro nobody wants your invite dude get out of here
trying to trying to keep it like this is something fucking special.
Bro, that's like Walmart being like, hold your jets, guys.
This is really special.
It's a Walmart special.
Get out of here.
I'm taking the other.
No, no.
So, like, I have access to it, and so do a ton of other people.
So there's no special.
There's actually a lot of people who have it now.
The app actually does have a lot of potential.
That doesn't mean it'll work,
but the way it works is you can post through the base app
and you have it connected to your Farcaster account.
So it's just like you're posting to Farcaster,
but through base app.
So when you post on the base app,
you can opt in if you want the post to be tradable or not. That's how it
works. So it's likely Gary Vee posted on the base app through his connected Farcaster account and
made it tradable so people on Farcaster or connected to Farcaster can trade it. Now, there are some UI, UX issues with the app,
but the concept and some of the early design
is actually really good.
Like, they have encrypted Messenger on there
that works flawlessly, I had no issue.
They have their own app store in the app.
It's actually really cool.
The only problem that they have right now,
which Abstract actually solved,
if you're a developer or you run a business,
this is really important,
is there's no session keys currently.
With Abstract, if you run an app or you use
the portal or an app in the portal,
you can form session keys so you're
automatically logged in for X period of time.
With Base, whenever you click into another app, you have to re-sign
in every time, which kills their conversion. So they're going to have to add session keys,
which they're doing. But in general, it's really good. You can send money to each other.
You can message each other. You can post videos. There'sck style like uh fucking app inside of it it's a it's very
i mean a normal team could not build this it's very expensive yeah i like it i personally like
it and then i'll just say this because this space you know i feel like this has been a continuous
thing not just in this space but in all spaces and just on Twitter and just everybody in general.
There is no community that hates themselves more than the crypto community.
Any team building anything, everybody hates it.
Anybody releases anything, everybody hates it.
It's like the people, you know they have that saying, it's like the people who are not around you are the ones who want you to succeed the most.
And the people closest to you are the ones plotting on your downfall.
That's basically the crypto community.
It's like you have these companies spending tens of millions of dollars, hundreds of millions of dollars, building what they envision as the future of just like the on-chain economy.
And the crypto community just shits on it constantly.
Like no matter what it is, whether it's base or this, that, or this that whatever it's like bro if we don't want ourselves to win then why the fuck
wait a minute though we were we all remember coinbase uh fucking uh nft you know yeah but
not everything yeah but that like shit like that hat like thing dude there's so many failures at
so many companies all the time like you know if you know, if they're not committing crime,
like people get a pass for failing on launching a product.
It happens all the time.
Dude, they're like fucking,
dude, there's like some massive companies.
I'll give you an example, fucking Apple, okay?
The fucking headset that you wear,
which is technologically a breakthrough,
everyone said, fuck that noise that
doesn't mean that nobody's buying the iphone 17 or whatever the fuck it is they're gonna launch
next or watch ted lasso it's still an amazing company dude i'm just i'm still salty from the
coinbase nft marketplace i'm just i'm sorry they took too long and they fucking they lost the
momentum and they fucked us that's i just i'm just, I'm still pissed. I'm still pissed.
So, I mean, show me fish.
You know you could get therapy, right?
The interesting thing about the NFT marketplace
is that it basically had, so, yeah,
like, it wasn't great, but not from a,
like, NFTs were just in a weird spot that time,
and people were looking for incentives
to trade NFTs, right?
People were not, like, we were kind of at the tail end and by the way i remember when it launched you would go on the marketplace
and the whole thing was like okay this is for coinbase normies and people who have bitcoin on
cornbase and they just want to get involved in nfts or whatever it is and then you'd have like
azuki on the front page at 40 eth so there was azuki was at 40 eth at. So... Ozuki was at 40 ETH? At that time, I'm pretty sure...
...was, like, really expensive.
I might be messing up the timeline,
but it was, like, that's the vibe of it.
So...
But you had the inclinations,
like the small touches that kind of led
to what Zora and the base app is as a whole, right?
You had the social features, the username,
the ability to comment.
Unfortunately, the crypto community is a bunch of haters.
And when you have the ability to comment under other people's profiles and PFPs,
it was all just like the worst shit you can imagine, right?
Everyone calling everybody a scammer.
It's just like a call of duty lobby.
I just think people are very jealous of each other.
Like everyone wants to make money.
Like, a lot of people who do pretend they don't.
Everyone wants to have friends in high places.
The ones who were rejected form their, like, villain cabal, you know, where they call out everyone.
But it's not a crypto thing specifically, right?
So it's like, if you play League or Counter-Strike or any...
League is toxic as fuck.
Yeah.
No, it is kind of crypto specifically.
Dude, people on the internet are just toxic as a whole.
Look at Red.
League?
Dude, the difference in League is if you play...
Alright, so crypto...
But it's not about League specifically.
Let's not get into League.
No, just anything else.
No, this is everything because it applies to everything.
Like, if you are the best in your industry, most people aren't hating on you, at least those who are in the industry.
They all kind of like want to get to your level.
And it's not so much trying to tear you down other than outsiders.
In crypto, if you are at the top of your game or you're doing something that not everyone agrees with
and even i do this obviously right that's why i made a joke about runes like they they do tear
you down and i think it's just like it's just the nature of this industry look this is my you know
why you know it's fuckly well because it's the same thing as league and gaming in the internet culture but you have this whole other layer of finances sure and money yep that's true and it's big money
and and you know it's kind of even hard to fathom how much money at some points but i guess the
point i'm trying to make is like think about how much this is so kumbaya cringe cliche bullshit i
totally understand that but just hear me out i mean
just imagine how much fucking further we would be as an industry if instead of just like ripping
each other down 24 7 on every little thing every mistake every everything and of course sometimes
it's deserved of course right there's bad actors scammers whatever that like sure rip them to
shreds but for people who are i I don't know, at least trying with
somewhat good intentions, I think the best
we can do is drop a like on a tweet.
And I'm not even the best at this.
I need to do better at
supporting other things.
Yeah, I mean, I don't know.
Maybe I kicked off
the Coinbase hater club
because the Gary V coin didn't
run.
That's obviously not a Coinbase thing thing i was just kind of more pointing out how there's like
what i thought would have been like a vibrant like community of people interested in like
meme coins or whatever you know just not totally no you have to know your market though like if
yeah obviously i don't that's what i'm saying i i don't i i would have thought there would be no base because i like my company tokens on base
base is and maybe they want it to be that way but it's not base and the ecosystem really likes the
idea of internet capital markets and ai and the eth the eth ethos way more than meme coins.
Meme coins, other than like the mogs of the world
who are kind of in their own bubble,
they don't run on base.
If you are building companies,
base is fucking awesome from my experience
because my holder base,
like they're holding longer
than almost any chain I've ever been on.
And the people who do hold, when they DM you, they're not like, hey, piece of shit, where's my money?
It's usually like, hey, what's going on with your company?
Like any way I can help.
Right.
Like I think each chain does have its own culture.
And I don't think the Solana meme culture works on most chains.
You know, abstract, even though like they have meme coins or whatever you want to call them. They have their own flavor entirely.
And Base has its own flavor.
Ethereum has its own flavor.
I just don't think you can take Solana culture and move it into ETH completely.
It just doesn't work.
I think it's becoming...
I agree.
And I still, to this day, kind of look at chains as their own distribution platforms,
their own social media platforms.
I don't know how much that's going to be the case in, let's say, a couple years. But
also, I'm not making my decisions now based on what I think is going to happen.
I need to make decisions on what I think is happening in the moment,
which I didn't think was going to be the case, but it seems to have been the case.
I don't know. I don't think the Solana community is
that different from the eth community
as much as we want to believe it is i disagree man i think it's i think people it's the same
it's really not man i'm gonna disagree i think we could call them axiom and by the way not
derogatory right like let's let's classify people in the orangey category and i like orangey a lot
so this is not a diss at him but someone like
orangey doesn't really work in ethereum and if i remember clearly i think you'd probably agree
mainly one because speed of transactions but two when orangey was doing what he did on ethereum
before he became a meme coin guy he he was doing game fi uh exploits right as in actually orangey got his
first name in crypto not from meme coins at all but from playing dookie dash or any of these other
ape coin or ape chain games and min maxing them for for his clients so you know orangey always
had the skill to be a great meme trader but but the distribution of ETH as a whole didn't allow that to exist.
And I don't think it ever will.
That's fair. I think that's a fair point.
But I would remind you, you know, peak NFT days, minting days, the culture around farming those, getting a loud list, that sort of thing, wasn't that different than what was happening.
Very different. I don't know. Yes, because... Lee Batella different. allowed list that sort of thing wasn't that different than what was happening and very
different because yes because very different because getting a whitelist was like going to
the movies right it had it followed all the narrative steps of rising action the climax to
like falling action where you get the whitelist it was a big deal you flexed you talked about it on
spaces there'd be like a week of theorizing and then the roadmap would come out and be like, oh my God,
like the new season's coming out. And then it would drop. People would make a ton of money.
And then it would have the falling action. It was a much longer form of a meme coin,
but the belief system was very different in that. I remember in 2021, people actually believed most of these NFTs were
going to become, you know, big companies. And that versus meme coins, people don't buy meme coins
thinking like, this is going to be the next Disney. They just go, oh, maybe this hits a billion and I
can sell it. It's just completely different ways of thinking. And again, like, Abstract is really
good at these consumer, almost like gambler style apps.
Base is really good at business style tokens.
And Base is really good at AI.
Solana is amazing at trading shitters.
My point is not that the products are different, because of course they are, right?
Like, they're completely different in terms of entities and meme coins and that.
But I think a lot of the same tendencies exist between both mediums.
And I think a lot of the same people, whether you believe it or not, were doing the same thing on ETH with allowless farming.
It's just what you mentioned, which is like all that social front facing stuff.
Bro, there's 10,000 NFTs in these collections.
There's like a couple hundred people on Twitter talking about it.
Like, where do you think the rest of the allowless spots go to it's farmers botters like people who are like
gaming the system which is the same group of people that had those skills went over to solana
and just absolutely cooked of course there's the new class right the people who did come from the
i think it's a different level of farmer though there's there's different farmers they're like
the people who were whitelist farmers became kaito yap farmers and the people who are really good nft traders became
meme traders there's a difference between farming which is basically please give me money
and trying to get access to that money i'll give you the best example the best example is eth
is like poker you can take your time.
You can calculate everything and make your move.
You still have to be fast.
Solana is Battle Royale, Call of Duty, Warzone, and Fortnite.
But I just think it depends on the person.
I don't know.
I agree that most people on Solana are just in and out really quickly.
It is what it is.
But the biggest wins have come from people who knew how to hold and that's just the undeniable truth um so i don't
know but that shit only works on eth you can't like look at the average hold time that mostly
solana people have like pepsi like that guy tweets something and then fucking sells as he's tweeting
like that shit's crazy to me there are people who have definitely like i've seen like sub 20 second
hold times before like on average not on one coin that has to be a machine that can't be a human
clicking that some people are right some people just don't believe in anything anymore that's why
but it's not that they don't believe in stuff it's that they've been punished for believing like when you get punished for believing over and over again
eventually like fuck it dude if i can just buy this and sell it for a two-year-old i actually
disagree with you there i agree some of us have been conditioned to like be like that right but
talking to a lot of these gen z kids who went into trading from gaming,
they came in with purely the, like, all they want to do is in and out.
They never learned how to hold from ETH.
So their play style was already different than what we were used to.
Okay, that's fair.
I mean, again, I think it's different for everybody.
There's obviously different types of traders and people, you know, they're going to use their capital and their liquid the way they want.
mature chains i mean it's like not that much that have developed real diehard communities that have
grown to hundreds of millions if not billions of market cap and maybe it's too early like maybe
we're at the beginning of this cycle in a few months rotations come back and you know all these
meme coins start pumping rotations already here we're talking about buying nfts again i i'd say the rotation's begun yeah this is this is
preemptive road to to any sort of fucking nobody's really made that much money except for like the
top like five percent of really good traders no everyone else has not made enough money to really
get this shit going yeah well i with nfts this this whole like our nfts back it's obviously bitwise buying
for their treasury company and other people basically we're running the spack playbook
where you get a bunch of people to form a public entity you buy up a fuck ton amount of it and then
you try and sell it to other institutions to have on their like index that's what's that's what's
driving this which is not a bad thing i mean institutions drive everything that's where all the money is now so i you know i think that we're going to
rotate things faster and faster and faster until about spring of next year and then
actually institutions don't have all the money consumers actually have all the money it's just
none of us can agree on anything so i will um i'll second
the take that i think people have made a lot less money than what the time i would like to believe
basically you have a couple groups of people you have the people who killed it on trump
like there's people like there's a there's a group of people that most of their liquidity
did not come from being really good at trading on solana it's just they fucking crushed on trump
um i would say i fall into part of that category i i'm not the best trader i did well on trump that
gave me liquidity and i had a couple other leave shut the fuck up dude you're a good trader i'm
telling look i'm telling you as a human i'm telling you as a person i did well on a couple
trades that were just like like zerebro i bought zerebro at like
a mil and by the grace of god that shit went to 800 mil for no fucking reason like that guy crashed
out you can you can you can still be the philanthropy guy and be a good trader it's okay
no i'm just saying that it was different like things were the ceilings of coins were so much
bigger so it really wasn't as hard if you were willing to hold
in diamond hand, like there were wins, there were a ton of wins out there. But most people got cooked
because post Libra, like post Trump, post all of these things, dude, everything just was getting
totally wrecked. And I lost a lot of money and just held things way too long um so no i'm not like a great trader i got lucky a
couple times i if i was a great trader i wouldn't have like diamond handed as much as i did so um
yeah i do believe that people have less money than what the timeline would like to believe
and uh maybe that's why people are rotating to eth because it's like a new new bastion of hope
bro do you know how easy it is to send a coin to like 5 10 million on ETH compared to like
to to freaking Solana like it's just like there isn't that sell pressure that just
depresses people and puts them into that state of mind we're like oh I gotta fucking sell
immediately like I can't wait from
two mil to ten mil like that's impossible it could never happen like people just get stressed out
when everything just moves so fast but here's what i measure like a token's value on and it's not
how fast it goes up and goes down it's how much fun are you having on the ride up and i think that's what solana has been
missing lately is when token goes up like when mog goes up or when even azuki went up right i
remember the fucking dude it was so much fun like people value fun in relationships as the price
goes up because when the price eventually comes down what you're left with is either you made some
money or you didn't make much money or you didn't sell anything but you made a lot of friends and
you made experiences like most azuki people are not fucking upset that azuki's down in price
because they can go to fucking youtube and look at like a state-of-the-art anime. They can remember all the crazy parties
that Zagabon threw across the world.
The relationships in terms of going to Asia.
Crazier parties than mine?
I've never been to your party.
Yeah, we don't get invites to your party.
We're nerds, bro.
Justin, come on, bro.
Throw out the invites.
This is the
reality okay we can say fun this that and the third this is what actually happened is that
tons of people as many people that made money on trump that money came from somewhere people got
cooked melania people got cooked then there were but that's for everything but but there were no
we're talking like big isolated incidents jailst, people were bidding that shit at 200 mil,
got fucking cooked. Libra got cooked. Central African Republic, massive multi-hundred million dollar runner, absolutely cooked, hundreds of millions extracted from the ecosystem.
We are talking like repeated, huge, huge runners over and over again, where 99% of people lost
everything on them. Like I know individuals that have lost tons of money,
groups and groups lost so much money across the board.
Then, to top it all off,
Solana obviously dropped in price from $2.80 to $95.
People got cooked there.
Perked, people got cooked.
They lost more money there.
And then, dude, I mean, it's just like, yeah, like, we could talk about. And then, dude,
I mean,
it's just like,
yeah,
like we could talk about fun,
utility,
cold.
When I say fun,
like not,
well,
none of the things you mentioned have any factor of fun or community building.
There was never,
when it comes to these high volume,
high liquid.
Right.
That's why I'm saying they're,
they're dying out.
Like it's a,
it's a,
it's a total
like washed game like this is i mean this is why people wish nfts would come back like
people bemoan nfts because of like the rest of the world saying they're worthless blah blah blah
but guess what they're doing all the people who love nfts and still want to collect and make money
they went to CSGO skins.
They went to Pokemon pack ripping on TikTok.
They went like all these things that are literally cousins of NFT trading.
They went back to even if they weren't going to make as much money because the experience, even if you lost money, still left some some reward in the end.
in the end like maybe you didn't get the best pack in a pokemon card deck but you know what
Like maybe you didn't get the best pack in a Pokemon card deck.
But you know what?
like the endorphins of pulling a pack and seeing if you maybe got something and talking about it
with the rest of the community is fun for a lot of people i just i think it's like way more economic
than that like i it's also a fee thing then you have the launch pad war so all of those i hear
what you're saying but just hear me out on the timeline you had all of these big massive hundred million billion dollar runners where 99 of people got
absolutely cooked okay fine the trenches start to build up again there's this ai meta it all turns
out to be just the highest extraction like most malicious fucking meta we'd ever seen and then
on top of everything and these are like people
actually trying to do the right thing build good products but the fee meta you have the launchpad
warts right you have fees being introduced to launchpads look at like believe app eat bonk
pump with okay can i tell you why that's happening though but just just hear me out
the people like money slowly starts to just leave the ecosystem and not re-enter because of the fees across the board on every protocol.
You have people PVPing across different launch paths, fighting within the ecosystem.
Like, the fact that coins are not running on Solana anymore, in my opinion, has nothing to do with, with like a lack of fun or culture this that and
the third it has to do that the money's gone like the money has left the the bidders it has left the
trenchers and it's now in the hands of people who are just honestly made the right choice they took
it out of the ecosystem they're living their lives so picks and shovels man picks and shovels you're
you're right dude i mean at the end of the day you're right it's that those small fees the trading fees that we all pay when we're buying and selling
meme coins at the end of the day uh you can only play in the casino so long you get sucked dry
you're right axiom photon like all like dude those are phenomenal businesses i'm not saying
that they're bad businesses i'm just saying when you have fees across the board everywhere and
there's no new money came coming in because the ceilings on coins is getting smaller and smaller
yeah there's not going to be huge runners anymore it's just not going to be which takes us back to
the original topic of the conversation and how we got here which is crime and now the only way that
coins are really running is when we have quote- crime and people colluding. Yeah. But crime is subjective,
bro.
Like people say like,
you know,
when I used to fucking dev for people during the bear market and then bundle
65% of their coin,
cause they're too retarded to like launch it properly and then send them a
treasury and then keep 10% of the coin.
They'd say that I'm a criminal,
bro,
but I don't think I'm a criminal.
I mean...
Okay, I don't know who's a criminal, who's not a criminal.
I think my point is that
there's just a lot of fees across the board
on all the different protocols, as there should be,
because they need to make money.
I think revenue is important.
Well, yeah, they need to make money, Lee,
but this is the problem. None of these products should probably exist.
What is the – like –
That's not true.
No, they should exist because there's opportunity.
So, of course, they're going to exist.
Yeah, but with some thought behind it, the whole thought is –
Dude, there's a shit ton of thought, bro.
They made a lot of fucking money.
In order to make any money, I have no like product market fit past this that's insane
dude they definitely have product that is product market so here's the reality is like people
wanted a way to be more efficient with their trading so you have the trading bots bonk bot
this that and the third come up like they are servicing a group of people that are asking and
looking for a specific product they deserve to make fees like i'm not
hating on the female i mean like the believe apps like the guys that said that they were making the
docusign of web3 like somebody already made that for free like yeah bro it's called fucking
ethereum dude so so the reason that those fees at least as someone someone who is running a startup, has to do with the market for investment,
not even just the fact of poaching.
There are a lot of actually pretty decent companies on Believe.
People go, Phil, companies go there.
Not really.
The market for VC-backed businesses is really difficult.
This is a really hot take for people who invest in company.
I think the idea of a VC is going to be dead by the end of the decade.
Like VCs.
I actually, I actually completely agree with that.
It's not that the, like, it's going to morph into something new, but it's not going to be the same that it is today.
into something new, but it's not going to be the same that it is today.
Right.
Right.
So what's happening is if you launch a startup and you're raising,
and I know how this process goes, I'm not going to say more.
The thing is, one, you either have to launch a token and do the SAFT,
which is fine, or you're raising for equity.
And nobody, like, talk about meme coin traders.
And then you have to deal with securities laws, which most of these motherfuckers don't really care too much about.
No, or the VC is going to put them in a bad position.
And Jonah, what if I told you, because I basically come back every year after I got something new.
What if I told you that my little brother left Andreessen Horowitz in January to help
me build our new thing?
What if I told you that you could do all the things that you want to do in Web3?
You might not make as much speculative crazy 10x, 100x money, but there is money to be
made that is more reasonable.
What if I told you it's completely unruggable and there's no crazy speculative tokens
and it fulfills all the promises that everybody's been waiting for
without tokenizing everything on a bonding curve,
which I don't think is what is going to get more people into crypto
because they will be afraid.
And the real cultural people from music and film
and all these other places,
they don't want the reputational risk of rugging anybody
because they're reasonable people.
And yet everybody's curious about crypto,
but there's nothing for them to do except maybe launch a fucking token
from a social media post.
I don't think that's the thing.
So I spent a really long time building the thing, and it's done.
And we're going to launch it, and it's going to be invite-only for a long time.
But someone like Leap leap who deserves to make money for creating so much value for the community uh doesn't want to launch his own fucking meme coin doesn't want to launch an nft collection
where there's the potential that people could rug could rug but does deserve to make some amount of
money from people who care about him on the internet and turns out uh there's a really novel mechanism for doing that that we i mean my little brother invented this not me he's the
genius but yeah we're launching it next week and i'll probably come and talk about it but that's
why i haven't been in spaces for a while because we've been auditing and is it just and it's finally
like legal you can do something like that and not go to jail, which is amazing.
Is it the thing with Alex or is it something else?
Who's Alex?
Your brother.
No one knows about this yet.
No, no, no, no.
No one knows about this yet.
There's some pretty cool companies like Raising.
I know of one that has figured out how to do securities on a DEX using app tokens where you can literally...
That already sounds really fucking complicated, but...
Well, they did. Well, it works. They did it.
But there's a lot of cool shit in crypto.
I'm just saying that the capital formation is changing really fast.
And so one method is by having a launchpad that gives you fees instead of raising in an early round because VCs don't want to hold equity anymore.
Well, what if you could stake your money on an idea and have it refunded at literally any time?
It could theoretically convert to an investment in the future.
But let's say you stake your money on something.
So it's like a SAFT for an idea.
No, no, no.
Wait, wait, wait.
What if you could stake your money on anything that you care about
and the person or entity or idea that you care about just earns interest,
which is not nearly as much money as actually investing in it.
But you, as the believer in that idea,
creative entity or thing can actually take your money out at any time risk-free in stablecoins.
I mean, look, I'm down to chat.
I have a startup.
We've been building a proprietary algorithm for nine months.
We built one of the world's first ai clippers without humans so i'm interested
this sounds like good creator capital markets because it's like if you don't have to take like
that serious risk of like buying whatever stupid nft people want to put out right and you just put
your money behind somebody that
you believe in it's a lot easier than like that you could take out at any time but the person you
believe in earns interest and that interest could be significant at scale it's not really that
significant at small scale but if you care it's not it's not like you know anyway i'm not going
to say too much more listen uh like i'll dm you but i i'm someone who tries
new things all the time i might i might send you an invite i don't know we'll see how nice you are
to me i've always been nice to you i'm the reason that you got i'm just teasing you bro i'm fucked
oh one leap and i have played so much not yet i. Not yet. I'm scared to get one.
I have to work.
Donkey Kong Bonanza is insane.
Everybody's been telling me that,
but there are things to build that are meaningful
that won't rug people,
and I've been working so fucking hard
to make this a reality
because I'm so sick of the consistent rugging
because everyone in my world won't touch crypto
because people still oh there's a
and people still think it's a fucking scam unless unless it's bitcoin or ethereum and then maybe
sometimes solana but most people still think solana's uh and i do not agree with them but most
general regular public people are like oh that meme coin thing oh that's a grift right like we
need to build something fucking real that demonstrates the power of the tech.
That, mind you, has only been really possible recently
thanks to all the new wallet infrastructure
for embedded wallets like Privy and like Dynamic,
and thanks to Stablecoin bill actually passing
and it not being illegal to do all these things
that we couldn't previously do without
potential government scrutiny as a startup founder who received an RSI from the SEC at one point.
These things are over. And I've never been more bullish on crypto in the 11 years I've been doing it than now.
Justin, let me ask you this.
What's your take on the meaningful differences
between embedded wallet solutions,
whether Privy Dynamic, Alchemy?
And also, what's your take?
I know we talked about this privately.
I just think it's interesting.
Does Alchemy have a new embedded wallet product?
I think they're doing smart wallets or something.
But is there any like meaningful difference from like a builder's perspective between them?
Between the different products?
Yes.
But also like more specifically like EOAs versus like smart wallets and things like does it really how much does it matter?
how much does it matter?
It matters insofar as
a normie
wanting to onboard
without dealing
with all of the other...
Normie onboarding...
Uniswap's mobile wallet is fantastic.
Phantom's mobile wallet
is fantastic.
Once you're on-chain,
the experience is pretty great.
The dilemma is getting the wallet set up and funding it.
Those are the two highest friction points
that have existed in crypto from the beginning.
I remember Ethereum, when I first wanted to buy Ethereum,
there wasn't any fucking MetaMask.
It was a Mew wallet,
and I wrote down my fucking private key
on a piece of fucking paper,
and I only had $100 in it at the time.
And we have come so far.
That wasn't that long ago.
That was 2016.
That was less than 10 years ago.
We had nothing.
Now, nine years later, we have some legit shit.
But your question is, what's the difference between embedded wallets
and all this stuff?
So Privy uses something that I'm less familiar with.
I'm more familiar with Dynamic, which is like true MPC.
So it's basically key sharding, right?
And this is a deeper, more technical conversation.
But relative to the public culture question,
if your grandma or your mom or, in my case, my girlfriend,
wants to get involved in crypto,
she used to have to jump through so many hoops to do it.
And the main reason was because of credit card chargebacks.
So forget buying Ethereum or Bitcoin with a credit card.
Even buying stable coins with a credit card
has previously been a massive problem.
Because you buy the stable coins, move them somewhere else,
and then charge back your credit card.
And in most cases, Amex will just give you the fucking money back.
And so no one wants to take on that kind of risk.
Stripe is sort of solving this now.
But that's the real problem.
Then the wallet setup problem is the second layer.
The first layer is, how do people get the money in?
The second layer is, okay, how safe is this thing on your phone?
How likely is it that somebody could steal it?
Pass keys as an encryption method for mobile wallets was pretty big and obviously not new,
but it's just getting better and more secure.
And yeah, I mean, look, do I keep a shit ton of money in any hot wallet?
No, no one should probably do that.
It's probably crazy.
Leap, wink, wink, you fucking psycho.
I think that for regular people to onboard, though,
things are getting a lot easier.
And the base app is a pretty big move in the right direction.
move in the right direction especially dude cross-chain swapping on evm was non-existent
18 months ago you'd have to fucking go to a random bridge and like wait like now i mean like even for
me like i don't yell at me i sold a little bit of ethereum because i got some of it and i wanted to
buy some new watches with the Ethereum.
I never used 1inch before.
I stake all my
Ethereum, right?
Moving staked ETH to ETH to USDC,
what's the cheapest path?
Fucking 1inch.
It's fucking insane.
If I had
USDC on base in Aave,
which is what I do, moving it back to mainnet or moving it to Unichain or moving it to fucking Optimism or swapping ETH on mainnet for USDC on base.
You could just do this in two fucking clicks, let alone people are going to be able to do it on their phone.
They're not even going to know that they're switching between L2s.
By extension, though.
We didn't have any of this shit, sorry.
This is where, well, this is kind of where
I think the direction is going,
but I've heard some conflicting takes,
which is some people believe that like,
you know, the way we used to have like,
you know, app-specific roll-ups
or each app was going to have their own chain,
now you're going to have like app-specific wallets
or like wallets as a service,
and that's why some of these, you know,
embedded wallet companies are becoming extremely valuable. do you think that's going to be the
future or is it going to be still people will download phantom or metamask or whatever and
i think it depends on the user it's like it's like do you use robin hood or do you use interactive
brokers like i've never touched robin hood in my life but i don't know how many people on here have
an interactive brokers account but it's
by far the best professional equity structure like a trading product in my opinion um and i've used
many of them and then like some people use you know chase has you know you open up a brokerage
account with chase bank and you throw it into a wealth manager who's going to try to beat the
market you know in some way shape or form that probably won't meet the market.
But like, there's a human being behind it.
Like, like what 50, 60 year old people do is they put their money in a fucking
brokerage account with their bank.
And then like some like young 27 year old kid that just graduated college is
like managing their wealth in like high risk, low risk profile.
Like, like that.
So I guess what my answer is the way it's always been with banks and equities and bonds,
where some people will want the
more technical experience of MetaMask
and Phantom. I think in general
most people are just going to be using embedded wallets
for most things.
But they'll all
coexist is what I'm saying.
I agree with that. There's people who
game on their PCs with
a 50-90 and overclock.
Yeah, that's a great example.
But your own personal opinion, like what do you prefer?
I mean, of course, you prefer to have your own wallet, but for apps that you're building or for the way you think about your user base, would it be easier for you if they just used that?
Me personally?
Your users and the way you think about it. We optimize our product
for mobile regular people
because it's
hard to do it.
Building a great crypto product,
you know,
I guess
my philosophy is I want to get more people
into the ecosystem with products
that actually matter.
Imagine a crypto product that could only exist because of crypto but like it's not about making
money it's actually just a superior product to other things in web 2 because it runs on crypto
and it actually is more frictionless and well give me an example you want to give me an example of
that the only example of that is the that we've been working on for the past year that i hope works but um i i think most people are in it for the wrong reasons like everyone just wants
to fucking make money and the reason why i got into crypto in the first place was quite literally
because no creative owns their data fucking i'm on a recorded space so i'm not going to talk about
my experience with twitter and changing my handle which was a fucking disaster but um which I am at Justin Bloud now not three la you a um oh wow
dude congratulations man I didn't see that nice dude thank you um the so every single business
in the regular world has a CRM. And crypto is theoretically, could be,
and NFTs were the beginning of this,
the CRM for creative, right?
Like if you're a creative,
you are letting all the Web2 companies
take all of your data
and you don't have access to any of it.
You have a shit ton of followers on Twitter.
It doesn't mean you can actually reach those people, right?
When there are wallet addresses on chain,
you at least, if those people opt in with their identities,
you know who they are and you can directly communicate
with them.
And like, this is one of the reasons why base integrated
XMTP, which was fucking insane and super smart, you know,
messaging protocol on chain, because there's no way to direct,
like all the web two companies just control the data.
The biggest benefit of blockchain technology and why i
got excited about it early early on was the potential to have access to all this data that
is otherwise being protected and being leveraged for advertising but i'm creating the data because
i'm making the music or you're creating the data because you're hosting these spaces or whatever
and so the real use case of crypto isn't just like this alternative form of monetization,
which is like what generally attracts people to it. It actually is useful from a data standpoint
and from like a raw engagement standpoint. And so we haven't been able to build these products
before mainly because the on-ramps were hard, because the wallet infrastructure was garbage,
and because the product ideas were mostly centered around speculation because people are incentivized by money. I, on the other hand, really deeply care about making
this tech work regardless of how much more money I make from it. And we're going to do whatever we
can do to show people that it's actually superior in many ways.
You think on the counter side though, like you meant, look, I agree with you,
but for most people joining to make money feels like a kind of, I'll take the other
side of the argument, like almost like a beautiful reason, looking for financial freedom, looking
for-
Hold on, hold on.
There's a way to make money without rugging people.
Sorry, I should be specific.
It's not just about, it's not not making money.
It's just there's a way to do it without like leap think about this like
you and i we share a great story right like you did your fundraiser i donated what like ten thousand
dollars then you made a bunch of money in a meme coin and fucking sent me some money just in in the
form of a ridiculous named meme coin you just fucking sent me a shit ton of money for no reason
right and like that's because we're friends
and we met because of the blockchain and we're using the tech for things like yes there's money
involved but what i'm trying to say is we couldn't do any of those things that we did with regular
dollars because zell has a five thousand dollar daily limit venmo i can't send to a different
country so if you were in canada which you're not but if you were i couldn't even send you the money on venmo like crypto was just superior for value
transfer and for data and like it just doesn't have to be about making 100x overnight for people
to realize that it's still useful and meaningful and like the only reason why that hasn't happened
hasn't happened yet and i'll stop my rant after this is quite literally because it was just too
yet and i'll stop my rant after this is quite literally because it was just too hard
fucking hard for a regular person to figure it out but we're like i would say we're like
75 of the way there now whereas in 2021 we were like 25 of the way there but people acted and
promised like we were over 50 if that makes i do think okay for for what it's worth and we're
gonna see how all this works in the real world.
I mean, there are limits on the amount that you can transfer
through all of these platforms that you mentioned
because, I mean, like, of course it sucks
when you're like a legit person,
you're trying to move money for the right reasons,
whatever it is,
but also crypto does enable like a level and scale.
I mean, to play devil's advocate, it enables crime in a way that –
I know they say, oh, dollars are the best way.
Dude, you can move an insane amount of money with crypto in seconds.
Dude, cars enable crime.
Fucking get drunk, get in a car, potentially kill someone.
Okay, but Justin, you know that we're going to the extreme of the argument in that point, right?
I think those are totally separate. They're both bad, right?
One doesn't invalidate the other.
Guns enable crime.
I fucking love guns, but I don't commit crimes.
Leap, don't be on the side of the man here, man.
Come on. Come on to the good side here.
As a lover of crypto, I am just saying
we are going to see how all of
these things actually affect the real world
when people are able to,
in a split second,
maybe it's good.
You know,
maybe the genius act,
the genius act was so significant.
And I like my girlfriend and I got in a lot of fights about when I,
when I DJed the presidential inauguration this year,
which maybe some of you know,
maybe some of you don't doesn't,
you know,
whatever.
Obviously like I am not the biggest trump fanboy but the motherfucker did promise that he had helped crypto and it's fucking happening like all of the things that we couldn't get done under gensler and
warren are like there's actual regulatory clarity the cftc now has jurisdiction over most not all types of tokens like i don't
actually even know yeah the best way to do it would just be to fucking throw it into chat gpt
and say what is what are the key points of the genius act why is it why is it landmark legislation
for crypto and chat will tell you it doesn't waste the time for me to go through it chat chat's the best idea for that but the reality is that like we we needed this to move the part of crypto forward that is not
i shouldn't say not money making because everyone wants to win and make money there's a way for
things to not be zero sum right like there there are NFT communities that people have made money in.
I would say CryptoPunks are the best example of this,
where people have made a lot of money,
but like, and it's a really cool club.
And the network value of CryptoPunks
is like from a social standpoint,
really incredible.
Like I've met so many people
through owning my CryptoPunk
that have become really great friends and have led to other investment opportunities or whatever the fuck it is.
And that's a beautiful thing.
Did I buy my CryptoPunk to flip it?
No, I fucking haven't sold it and don't intend to.
If I got a fucking $10 million offer, you bet your ass I might do it.
But like not right now, you know, it's all relative.
So another example of this in the real world is fp jorn like fp jorn is a small boutique
watch manufacturer that prides him francois prides himself on chronometric precision and like the
only way you could buy one of these watches is not by having a lot of money or by being famous
it's actually showing them that you give a shit about
the underlying technology that they've revolutionized mechanical watchmaking and they
won't give you one no matter how much money you have unless you go and you prove to them that you
actually give a shit about how the watch works and you know a couple things about the innovation
and the watches and like that yes you can yes like when you buy one you make money but is that
the pure reason why you did it?
There's other reasons for you to engage with the community.
And then the money is a bonus.
People don't join Instagram to make money.
They join Instagram to connect with people.
And then maybe money is made if people care.
And crypto is sort of having this moment now where it's being completely likened to 100xing overnight which by
the way i see no problem with that that's fine like that's great but the real world use cases
for it have been inhibited by regulation um listen if i could just even invest in a human being i
would do that but you still can't do that with tokens today um i mean whatever believe is doing
is very questionable like will they get away with
it maybe because trump launched a fucking meme coin so who knows wait why is it hold on why is
it questionable what do you why do you think when i say questionable i don't i don't know enough of
the details and the disclosures and all that and like like i think being able to launch a token
for fun is fine but once you promise something something to the buyer, that's when things change.
If you just launch something as a joke or for its art or for whatever, if the intention is,
hey, this is a joke, you know what you're getting into, or hey, this is artwork or it's a meme,
that stuff's fine because the buyer knows what they're getting into unless they're
fucking retard or i shouldn't say the word retard idiot if a promise is made aka when you buy this
i'm going to do this that's when shit gets weird i'm making so i i agree i from my understanding
and from what i've seen people are not really making promises though there is an unspoken sort
of like hey this is not necessarily equity but
it's like something you know what i mean like it's something well i'm not nagging on believe i i
haven't i haven't you know listen i i tried it when it was clout and it broke and then it turned
into believe and i haven't really tried it no criticism i don't know enough but what i do know
is when there is a potential to flip or sell without someone really endorsing an idea on a personal level, that will continue to happen.
I just saw a video of Drake posting a video tour of his $180 million airplane, and he's still promoting the gambling company because he has a stake gambling table and stake cards and he's fucking talking about it people love to gamble
there's nothing wrong with that the reality though is that crypto is in a place right now that i in
all my time doing this we've never had the opportunity to like just like wow like now you
can just like move money around here and not worry about it and like stable coins are fully legal
and like you can send them anywhere and like you could do all these other things with stable coins
and you could do nfts nft experiments wrapped with stables and you can make sure people don't like
lose their money because smart contracts are pretty great great but like svb went down and
like a lot of people thought for a minute that all the
money they had in the bank was gone you know what i mean like crypto is just superior to all these
other alternatives and it's still only 16 years old crypto's only like as we know it 16 years old
and like the internet's been around for a minute so the next five or ten years for crypto we'll
probably see the same growth the internet has seen in the past decade.
And that's why you shouldn't sell anything.
And maybe don't buy stupid shit. And I'm excited.
I've never been more excited about crypto than now, for sure.
Sells ETH, buys watches, don't buy stupid shit?
I did sell some ETH to buy some watches.
That is correct. But not a lot of ETH to buy some watches. That is correct.
But not a lot of ETH.
Watches hold their value. Watches been growing
all the time. Wait, what are you getting?
Can you share what you're getting? I just got
an FP Jordan
Rattrapante.
Because it is
art. It's basically a physical NFT
is how I look at it. And I love it.
It makes me happy. Congrats to you.
That's sick.
Thanks, man.
Okay.
I haven't done one of these rants in a long time.
Sorry.
That was a good rant.
Wait, Leap.
How is Donate coming?
It's good.
It's good.
We just finished.
We just finished.
Actually, I sent it to a few people, but it's live right now.
If you go on DonateGG, we just actually launched our new product.
We haven't made a tweet about it because we're ironing out all the bugs and shit like that. with a like natively kick twitch pump fun plugs in directly to your obs multi-chain multi-asset
audited secure embedded wallet or connect your own wallet whatever you want it's super cool
wait so if you're the charity streaming or if you're just a streamer so there's actually
accepting there's actually like a few ways to look at it so um we did our own smart contract that can basically
um it goes multiple places so you as a streamer so we built it as a fundraising tool because
streamers wanted to fundraise for charity on stream and there wasn't like a really good
crypto native solution for it if anything there wasn't any and uh but we realized the tool had a
lot more scope than that so you can as a creator as a
streamer or whatever you want you can set the percentage that you'd like to receive and the
percentage that you want the charity to receive so you could say 10 of all the donations we go
and it goes directly to let's say st jude and then um they get the other percentage um or they
could have a hundred percent of it go to the charity. It's whatever they want.
So we're actually really, really proud of the product. I haven't made a tweet about it,
but I think on Monday. Actually, tomorrow's Monday.
Are we launching at the same time? Wow, that's hot.
Well, I don't know. I mean, we launched it on Thursday. We haven't tweeted about it,
but it's been live since Thursday. On Tuesday, I'm going to Miami because we're doing an
onsite with the team. So it'll probably be sometime within those days that we tweet about it. it but it's been live since thursday on tuesday i'm going to miami because we're doing an on-site
with the team so it'll probably be sometime within those days that we that we tweet about it but you
can go so proud of you i appreciate it um you can go on it and look right now donate.gg and there's
a you can see the ui is a little bit different the nav bar looks a bit different and there's a new
tab of creamers okay i have a question can you donate otherwise vulgar named meme tokens
to the charities no so we also it's like that would be crazy like like what like what like
like i don't know like like or do or yeah yeah yeah yeah like like like i can just imagine myself
like auto swapping tick coin to saint june you know, like that would kind of crazy.
So this is the way it works right now is you have an option.
You have a whole, when you go to the streamer page,
you have a creator dashboard that has a ton of different options
and functionality that you as a streamer can basically program
to however you'd like.
One of those things is actually the ability
to auto swap into stables. So right now we only support EVM, SVM, so Bitcoin, Ethereum, and Bitcoin.
So Bitcoin, Ethereum, stables on Ethereum, but just USDC right now, and then Solana, and then USDC
on Sol. But you can choose to just change your Bitcoin, Solana to stables if you just want to preserve the value of it.
Or if you're fundraising for charity, you want those to just convert to stables immediately because there's a lot of volatility in the spot price of some of these assets.
Eventually, we're going to open it up where you can just basically accept any coins.
up where you can just basically accept any coins. But to be honest, talking to a lot of streamers
and me being a streamer at one point and like having a wallet address in my bio, like,
dude, you don't want to like, I don't want people sending random meme coins to me and the streamers
don't want that either. So just the big assets for now, but we'll slowly open that up. Also,
another feature that's there that we built out too too is you can set a custom amount so that people can include a message.
So you could say like, you know, anything above.
I could say, here's $5,000, take your top off.
Okay, so there is a filter on it.
There is a filter on it, so you cannot say that.
But you can say other sub, you can say whatever.
As long as it's not
offensive guys we took his
top off for me in person once dude
okay I'll say this and then we're fucking ending
the space the tool is really cool you can
go on donate.gg and
you can literally just use it and see it
and it might not be perfect
right now it's a work in progress but we're
very proud of it and the team sprinted really hard to get this thing done.
There wasn't a good solution for streamers to accept crypto directly on their stream.
So we built it.
And we're trying to build things that people actually want.
And that there's like an actual use case for.
So I don't know.
I mean, philanthropy is still like a huge core of the business and a big part
of our ideals and how we want to operate. Um, but you know, I'm pretty creative and there's like a
lot of things that I want to build and donate. It's scope is becoming bigger. There's a lot
more verticals that we can kind of go after and we're pretty excited about that. So
the video is sick, by the the way is there a video uh the one that you posted
did i post it with you you in the piano what what i don't even know what so the one the one pin oh
my pinch oh the documentary yeah yeah oh the one that came. The one that came out a year ago. I guess I didn't even...
Does that make me a bad person for not seeing it until recently?
No, you should check it out.
Dude, it's crypto.
There's a hundred different things.
Yeah, yeah.
Yeah, the attention is limited.
But no, when Leaf started working on this project, just to see how far it's come, I mean, it's pretty amazing.
You guys did it pretty fast. you guys built it pretty quickly this this specific part the whole like creator page and
like the ability to like all the donation stuff and the streaming that part took a few weeks for
sure but the a lot of fun it well it took a while to do all like the i mean you're building vertically
right like you start at the bottom like
how do we actually accept the payments how do we process all this stuff how do we custody like
versus and then you just keep going up and up and building on top of that so um yeah leave that video
we film well it's almost done oh i'm excited i'm really excited sorry it's taking a while bro no
no it's okay there's gonna be real crypto products this cycle that are not just about speculation and to be honest that's oh that's what i'm
fucking hyped for yeah well i mean i just think that like there's a lot of stuff that people are
like people are building things that nobody is asking for and i think we should like start
building things that people are clearly asking for that people that clearly need um so well there's people that
have never used avi they're just people here that just like they don't know anything either bro i'd
lay it like this like justin and leap you guys were talking about wallets and stuff like that
like we're building you know basically a chat gpt for crypto with our ai agent like the whole idea
you know there's a bill there's a billion what
does that even mean dog go use it go use it right now dude talking about go use it right now
chat gpt for crypto go use it right fucking now bro you can literally talk to it no i just don't
know what it means what it means is you can in a chat interface you can have it do whatever you
want buy me this meme coin with 0.1 soul and it'll go and do it for
you oh okay no that i wouldn't pitch that as chat that that was confusing most people don't want to
fucking do a seed phrase in a wallet like that sounds more like a trading bot like no dude it's
not trading bot at all it's it's moving away from wallets wallets yeah yeah no it's a cool it's a
cool idea i i wouldn't pitch it as it's a cool idea i wouldn't pitch
it as chat gpt for crypto i wouldn't either i was just kind of trying to put it at gpt store
store my seed phrase on the internet okay i'll say this before we end the space because it's
two o'clock in the morning um actually when i started mean, this thing was this whole process been like a year and a half in the making.
But when like we really started hiring engineers and like we didn't even have a working product, but like kind of like had a vision of what it looked like and like a basic UI done.
And it was totally different, too, at the time.
The concept was different.
Um, when I was telling you about it, Justin, that one morning when we were on the call,
you gave me some very, like, like real advice. Like, like it was like very stern. And it was,
it was like after that call that, um, the guy I sat back and I like rethought a lot about it,
but what we were doing and, um, it's good to have a friend that'll tell you like,
without like co-signing for no reason.
I think you know what I mean, but yeah, building, building is hard and a shout out to everybody
that's doing it. Cause it's really fucking difficult to get a product from your brain
to like actually audited smart contracts that work that people can like, it is a, yeah,
this industry is really tough. And this goes back to what i was saying earlier in the space i think that there's no industry that hates on itself
more than crypto the community is constantly trying to tear each other down and and go after
every product and it's just it's totally ridiculous and i think that we would be a lot further as a
community if we actually did just drop a like on tweets or support things without yeah just
immediately jumping on stuff so look I love you guys I appreciate you guys this has been a fucking
craziness of a space I don't even know how to describe it but um it's always a pleasure please
give the speakers a follow um yeah please click the button in the bottom right hand corner give
it a like comment retweet I don't know when we'll be back. Maybe tomorrow. Maybe the day after but I will see you soon
