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Doodles 2024 and beyond on Coffee with Captain from @dGenNetwork
Recorded: Dec. 20, 2023 Duration: 2:43:03Space Recording
Full Transcription
I don't even get a professional.
Blast by Bungie, blah blah blah.
Started off with a bit, now I got coin, I see where y'all goin'.
Been poppin' since web one, hella hoax on web two
I was livin' a dream, now I'm on web three
And it is what it seems, top in the pyramid schemes
I'm tellin' ya, I'll sell you a percentage on Nebula
Shout out to Vince, yo, set it up
Surfin' on the web and I'm shootin' at three
I've been goaded when I got my G, I'm an alien boy
From a different planet, yeah, so I got my drink
I'm ridin' in the 1920s, Model T Ford.
Car, era, Lord.
Call me Levi playing on the keys, boy.
Can I pop up with my gloves on?
If I said it, then I meant that.
Yeah, I like that one.
I'm about to get that.
Crash that whip for the drumsticks, whiplash.
I'm about to get them all.
Are you with that?
In a white boat, surrounded by blue.
I want one, but I got a cocktail.
I want to fly high in the sky.
Arms out wide, trying to soar. You want birds I view?
I'm on fire, Whitney, Bobby. Cracking the pavement, Whitney, Bobby.
I'm a sake bomb, Hiroshima, Nagasaki.
GM, GM, welcome to coffee. Drop us a GM in the chat down below.
That purple box in the bottom right, the space is also linked up above,
all the way to the right.
Up top of the Jumbotron.
Appreciate any likes, retweets, and bookmarks on that.
Tweet up above.
We'll be back here in a minute or two to get rolling. Nebula. Shout out to this. Yo, set it up. NFT, Twitter, blockchain. See him with the coast and we bought him like the bronze angel.
Crypto, crypto.
We can make a trade, get the memo.
Reviews not falling for the FOMO.
Listening to coffee with Captain.
You know we were a wide day loco.
I ain't never gonna stop rapping.
Orlando, yeah, we working magic.
We rocking Ethereum entities.
I just went and got me a half bass, man, I gotta shout out the 40
Now I got coin, I see where y'all goin'
Been poppin' since web 1, hella hoax on web 2
I was livin' a dream, now I'm on web 3
And it is what it seems, toppin' the pyramid schemes, I'm tellin' ya
I'll sell you a percentage on Nebula, shout out to Vince, yo, set it up
Freakin' the mood to choose one.
Blended guy knowledge to move, son.
I'm shocking in shades with my brother in shoes.
Yeah, them blues is coming.
Even though it's hard to pick.
Eenie, miney, moe.
Soda on the mix.
No biting lips.
It's time to go.
Index number one.
No thumbs up.
You got to scroll.
Looking at the ghost in studio.
It's time to go.
Had a helmet on by myself until I met a mask.
Dad wouldn't have a face off.
Had to bring my chainsaw. Full ticket gas gas and a bribe with my brakes off.
I'm A1 with a different kind of six-song.
This episode is brought to you by DGEN Network, the only community-based Web3 media network
bringing you the very best content in the NFT and cryptocurrency space.
Please visit DGEN.network and check out our other great shows.
That's DGEN, D-G-E-N.network.
Welcome to the future.
Welcome to Coffee with Captain GM, GM, everyone.
Thanks for joining us.
Happy Wednesday.
I had to think for a second, Steve.
It's a mid-mike crisis day.
I can't wait for mid-mike crisis this afternoon, Steve,
because I think we've got Chamber on a vintage 48-hour bender in the D-Gen streets.
And I can't wait to check up on that one.
It's hilarious because yesterday I felt I invoked my best inner Chamber talking about flipping for gains and just rolling all of our activity into majors like ETH and BTC,
maybe even a little Solana.
And then what did I do yesterday afternoon?
Impromptu.
Wasn't planning to do it, but Crocs was talking about a doodle,
actually looking for, he had some funds tied up on Coinbase and was looking for a short-term bridge loan to pick up a doodle yesterday
during the AMA, felt the thing was going to run.
As you know, Steve, I've talked about,
probably it's the one NFT I've talked about buying
longer than any other that I've not made a move.
I've not even traded in and out of doodles.
I've just waited.
I nearly pulled the trigger at the Pico bottom.
There was, I don't know if you remember back,
there was like, I think it was like some Bindal liquidations
or Bindal auctions at like 1.25 or something like this.
It's a no-brainer.
Didn't pull the trigger and have just been waiting. I think it was like some Bendow liquidations or Bendow auctions at like 1.25 or something like this is a no brainer.
Didn't pull the trigger and have just been waiting.
Long story short, instead of just lending Crocs the little bit of liquidity he needed to secure his doodle yesterday, I said, hey, you want to go halves?
And a few minutes later, we had secured, I think, the pretty handsome, fine looking fellow, clean doodle linked up above as well as in
the chat. And it was exciting to pick it up yesterday, Steve, or exciting to pick it up.
It's one that, as I mentioned, even if this one ends up like Crocs and iron together, so there
could be, maybe he buys me out someday, maybe I buy him out, maybe we flip the thing. But if I
were to flip it, I would re-enter upon the sale. So excited to finally get in before
I do think they're one of the brands that is just primed for a major run-up. Whether they
get back to all-time highs or not, to be determined. But I do think they're positioned
very well heading into the bull and have a very big year ahead of them. So excited to get in the
community, Steve. But even what hit me this morning, as I've connected, I kid you not,
I've probably followed over three dozen people. It'll probably be 50 here by the end of the show
that are longtime Web3 people, community people deep in that Doodles ecosystem. It's so wild
where I think I've,
between this show and all the group chats, all the communities, all the live events,
I feel like I've met every single person that's active in this space. And the reality is I'm really still so far from it and very evident this morning by having already connected with,
no joke, over three dozen seem to be, like, really high-caliber quality people
that are active in this space, and for whatever reason,
just our paths have never crossed yet.
It's kind of wild to even think about.
It's crazy to think about.
By the way, now that you have the doodle, I'm realizing,
I'm going to add you to, there's a dude chat that Happy had started,
which is really good.
It's a... I a i think bon already front
ran you on it i think that's why oh did he that's actually like i'm a really bad group is that the
one you're referring to yeah i'm a really bad group chatter that i kid you not though the the
most the most value i take out of group chats is i feel it's like it's a curated group of quality
community members of just quality people. Like usually like the,
the people like that.
I don't like,
if I'm ever getting added to one,
it's usually by someone I'm pretty close with.
And I,
I'm close enough to these people to know that they're not going to bring me
into a group of a bunch of like negative Nancy's and just like people that
just like our shit posters that I just,
nothing wrong with shit posters.
Like I enjoyed on the timeline.
It's just,
I'm very bad at group chats,
but it's like a curated group of quality people
for me. So it's like where I find most of my new follows. And that's where not all, but that's
where most of those, uh, new follows I just referenced came from actually. Yeah. I'll,
I'll double tap that. It looks like Von Fronten did add you. It was a crazy, uh,
kind of a crazy day yesterday. I actually got a, a good call from, from Scott last night,
my coauthor, by the way, if you haven't purchased the book up top, one over.
Do me a favor, give it a purchase or a like and a retweet on that tweet about the pre-orders.
It's super helpful.
We're obviously doing the real big push come January.
And I got a call from Scott that the cavalry is coming from Harvard, A16Z.
It is going to be extremely busy come beginning of January because we, you know, he had been working on that.
Because actually, it's funny.
So Chris Dixon, who is the, you know, co-founder of A16Z, you know, so he's obviously kind of a little bit of a big deal.
Actually, Chris Dixon way back when came in and spoke to Nestle, I believe, when I was there, I want to say.
They brought him in to speak about something.
They brought him in to speak about something.
But he, so co-founder of A16Z,
he has a book coming out right like the week after ours
called Rewrite Own, which is an awesome book,
which is actually a good, I would say,
compliment to our book where Chris has the ability
to convince people that Web3 is very real.
And then our book has the ability to explain it to people
and what it is to people in a way that's understandable and provide a framework for success in fact so much so that you know because
because it was funny because i had some people who sent me dms they're like you know chris
dixon's coming out with a book around the same time as you were like not only do we know but
on the back of our book jacket chris dixon wrote a quote for us about why our book is good so
we're totally on board there. Feeling good about that.
So I got that good call last night.
I was excited about that.
So I did miss you getting added to the group chat for the Doodles.
But I will say, that Doodles group chat, the Notable Dudes one,
that Von Fronten added you to.
Because, yeah, I went to go add you.
I think Von Fronten front ran you.
And I saw I couldn't add you because you're already in.
That is what I actually have said in that chat.
If you search for my messages,
or I should find my message in the chat.
I've said in that chat before,
this is one of the rare group chats
that I actually enjoy the discourse and conversation
because one of the nice parts about it is
it's not just a bunch of doodles maxis.
It's not just people, and they love the dudes.
They'll share like, you know, their threads
and things like that, and they do a phenomenal job with them.
But it's a group of people that I'll see having like nuanced and
interesting conversation both ways in a, uh, very respectful way about multiple topics,
but even the doodles ecosystem, like if they don't like something or they're curious about
something and there are some team members in there and the team members don't jump in and say,
whoa, whoa, whoa, knock it off. Right. It's like, so anyway, I'm glad you're in there. I think you'll enjoy it as we kind of check in from time to time. And it's like,
it's like any other group chat. You're not necessarily going to check in every single day,
you might miss some stuff. But I feel like when that's, that's one of those ones that
it's always in sort of the top of my feed. And when I pop in and scroll back, I'm never disappointed.
You know, on how those go. So I agree with you. I get added to a lot of those group chats.
But congrats on the buy.
Very cool.
As always, do us a favor.
Give us a like, a retweet, a comment down below, a bookmark.
Nobody checks their bookmarks.
You just bookmark the space.
It helps us get some run.
It's awesome.
So give us that bookmark.
Hasn't happened in a while.
But we've got doodles.
So I want to talk about a few things.
Before we get in, I was going to say, I do want to talk a little more about doodles. I'm to talk about a few things um before we get in yeah i was gonna
say like i do want to talk a little more about doodles i'm sure you have a few things on your
list i did invoke sammy i invited him uh he was just sharing on on modern market right before our
show uh sammy's one of the advisors for frame which kind of took over the timeline yesterday
loaded with it's a it's basically it's a who's who of of web three people on their advisor list so congrats
on joining that group sammy and yeah i didn't know if he was on a time crunch i just see impromptu
invite here he jumped up uh bright and early and um i just wanted to make sure you were aware of
that i thought he could we could get the uh a true subject matter expert on all things frame i knew
we'd be talking about it this morning so i wanted to uh loop him up while we can again i just didn't
know if he had any heart out here and also also Steve, I just made an executive decision. We made an
executive decision live on the show here. Um, after the invite to bring Sammy up legendary
asked when legendary on coffee, I've responded open invite. We should just do a full blown
crossover show at some point to which the modern market, uh, main, main account handle replied
holiday crossover. And I said, it's done book at Steve.
So I've just, I've, uh, accepted it. We're going to do a holiday crossover show with, um,
with modern market. Hope you don't mind. Yeah. So first of all, two things. One,
I just got goosebumps when you said that, because I love the idea of me. Well, one,
it's hilarious. I'll be, I'll be not on vacation, but like in a nice warm location with my family,
but my family sleeps in. So I'm going to be up at maybe 7am because what I've been meaning to do,
one of the things I want to do as we enter this next cycle,
and we'll get to frame here in a second because I definitely want to respect
Sammy's time. Plus, yeah, I was like excited when I saw Sammy come to stage.
I was like, it's funny. I was going that direction.
I started talking to dudes and we have Austin up here as well.
So we can go dudes right after that. But, um,
I was going to say like,
I got all excited because I saw,
you know,
Sammy come stage.
I'm like,
we need to talk frame. Well,
we have Sammy because again,
he was breaking it down this morning,
but I've been telling myself one of the things I want to do,
is I want to get myself in a position where I wake up,
a little bit earlier,
get to bed a little bit earlier
after like, after the book stuff is all done.
And I just have like two jobs at that point with, you know, Starbucks and, and, and, and
coffee with captain at that point or D gen and slash consulting stuff, sort of like two
and a half jobs, not like five jobs at that point.
I want to get up and like do modern market and be on that more because even there have been times when, you know, they've been in the crowd to be like, Hey, like, I want to get up and do Modern Market and be on that more. Because even though there have been times when I've been in the crowd, they'll be like,
hey, I know you could comment on this, but I'm at best in line waiting for Starbucks
and at worst, kind of just groggy sitting in my bed.
So I would love to do that.
And I would love to do something, not to bring it all forward, but there's this great combination
of the fact that you have Modern Market, which is Jack, Jack has said this. They're like the perfect TLDR and everything you
need to know. I still don't know how B check does it. I still don't know how legendary has so much
knowledge in that brain of his being as young as he is. Um, and then they have great contributors
on stage. It's like, that's the best TLDR. Then you come on here and we're the opposite of TLDR
where all the way, you know,
two hours going long on stuff. It's actually a really good compliment because anything on
modern market that somebody maybe doesn't get a chance to get in because they're a tight hour,
they handle that very well, which is what makes it such a quality show. They're welcome to come
over here and then talk as long as they want about it. Cause we like having those like longer
in-depth conversations. Um, but it's like modern market speaking of the add though steve i don't know if you caught it i did the uh
the uh uh election coverage show with the ape coin dial last night and i went off a side bending
completely unrelated rant and somehow managed to get it back back on topic it would have made you
proud like it was one of my finer add moments oh i was listening you had a couple of those you
ended up somehow talking about like what customs we think are out of touch and i'm like what does
this have to do with ape coin you're like yeah you're like i think it's in range that alcohol
will be like smoking cigarettes in you know several years and i'm like how is he gonna get
this one back so did it a couple times that was great but um but anyway long story short i love
the idea of like some some sort of thing with modern market, because it is quite literally, I've tweeted several times about it long before we were even knew them was
like, that is my way. I start the day. Like we hear from people so often, like I start the day
with you really enjoy it. I start the day with modern market. So want to go to Sammy here because
you know, one of the voices I hear every single morning without fail meeting him in Miami was
awesome. Uh, I was surrounded by Brits, actually.
In fact, Mrs. Jack pointed out to me.
She's like, you, sir, are surrounded.
The Americans are surrounded.
Because I looked around, and it was like,
Sammy, Jack, B-Check, Mrs. Jack.
And I looked around, and I'm like, oh, my God.
So, Sammy, for those who missed everything,
yesterday, Frame comes out.
I realize I'm not nearly as active as I thought I was.
I thought top 2 percent was a lot but everybody i know was more than top two percent
was was was crushing it what is frame for anybody who missed it outside of suddenly seeing these
things showing up on their timeline yesterday thanks for having me on i think uh yeah just a
shout out to the modern market i think bcheck absolutely grinds every morning to pollute that
news so uh kudos to that and i rely on that so much for for some of the work that i do um but yeah frame so tlbr it's a it's a layer two network
on e that is uh kind of it's pro pro creator royalties so it enforces royalties at the
contract level so you've probably seen saigar um so i guess he's some of his previous work he did
the erc 721A contract for Azuki.
Fantastic dev, writes so much stuff about what's going on on the timeline in terms of hacks, things like that.
Breaks it down into really simple terms for people to understand.
So him and two other devs, so you've got Pablo and Bean, so both equally as good developers,
and Bean, so both equally as good developers, building this layer two solution that's backed
by some of the biggest Web3 participants in the space.
You've got Electric Capital, which is a VC fund that backs it as well.
You've got the token distribution.
So it's been distributed to anyone that has traded ETH NFTs over the past two years.
And it's based on the allocation or distribution is based on volume, amount of royalties paid
and sort of transactions as well.
So various weightings, depending on that.
So it's kind of giving back to those people
that have paid those royalties
to those various projects on ETH.
It's got layer zero interoperability as well.
So I'd really encourage anyone that wants to try that out
to go to the
testnet to have a look about bridging NFTs using layer zero testnet. And what that does is it means
that any project that's built on any chain can effectively bridge their assets to two-frame
to capitalise on those low-cost layer two fees, but also sort of distribution of royalties
from community members that want to pay those royalties
on that particular blockchain.
So the main net goes live at the end of January,
so 31st of January.
So it's currently in Tesla.
Those tokens are, you can't trade them yet.
So you'll be able to claim those on mainnet
when it goes live at the end of January.
Those will be locked until phase two, which is TBD.
And yeah, I mean, I've personally been speaking
to a couple of projects that are actually going
to be announcing over the next couple of months
that they're going to be launching on frame.
So there's activity going to be happening
and that's confirmed. So yeah, I think that's pretty much the TLDR. they're going to be launching on frame so there's there's activity going to be happening um and
that's confirmed so yeah i think that's pretty much the tldr i don't know how much more detail
you guys want me to go into but that that is um yeah that's that's kind of what what frame is and
it's got good good solid backing good team uh and good prospects so more than just another airdrop
is what it sounds like because i think a lot of people saw it yesterday and they're like, oh, I'm claiming my latest airdrop.
YOLO, like they think it's like, you know, no different than, you know, trading some of these shit coins on Solana.
It's like, no, no, no, no. Like this is a legit layer two.
And you said that there are some projects that are getting launched, set to launch on there.
anybody going to potentially bridge over there to like potentially deal with less uh less of the
sort of like uh problems that come along gas etc that come along with uh being on an l1 or is it
just have you heard and you don't have to disclose any information if you can't it's an advisor but
any other anybody kind of heading over that way that's already existing on eth uh yes i mean i
can talk theoretically about it but i can't talk talk specific. So I think I'll use the example that Legendary gave this morning around ETH gas fees that he was incurring on flooring protocol.
Just to kind of move those assets around, it just becomes exuberant, especially in the bull market.
And particularly when we've got this Web3 gaming narrative playing out, you've got all these actions that are going to be taking place potentially off chain but also on chain i think doing that on eth just not going
to be possible so having these layer twos um will provide that or some sort of solution
i think there's going to be for my personal view that is the future is going to be interoperable
so you're going to have all these different blockchains that are going to be talking to each
other um there'll be various benefits from from on each one, but ultimately you're going to be able to move these assets around from one chain to another,
so through layer zero, and Frame is going to be one of those. And I think that the value
proposition for Frame is you've got this royalty focus, so enforcing those royalties at the contract
level to make it sustainable. But also just from the fees that are paid on frame,
those will actually go back down into a creator fund.
So to support new projects building on there.
So effectively like a grant.
So you've kind of got this real revenue that people are playing.
So the activity on there kind of goes back to the roots
of whoever is actually building on that
and provides that kind of reward to incentivize it in that regard as well.
I totally agree.
I think the future is generally blockchain agnostic.
And that's something I've been hounding on for a while
where I try to explain to people like,
these are software solutions
and each software is going to have different purposes
and different reasons people use it.
But having them connect and talk to each other
in one location is so critical for companies that are building because you don't want companies to be forced to build on Polygon just so they're, you know, for example, and by the way, Polygon, phenomenal blockchain, but it's like, you don't want them to be forced to build on Polygon just so they can talk to other Polygon NFTs.
You want them to be able to talk back and forth.
So I think you're exactly right about that.
That was my big unlock for me, Steve, where it's like not just the team, but this idea of this
interoperable L2, it was kind of an aha moment for me. Yeah, it's really, really smart. And so
I guess like, and again, like I also like the fact, by the way, you talk about creator royalties,
the way this thing is being done is great because I've been saying on this show for at this point, what, like a year and a half, how I am the sucker who pays the creator
royalties. Like generally speaking, outside of a few exceptions, I actually accidentally didn't
pay one on Blur recently, which it's weird. If you go on Blur, you put in the royalties,
you click away, you click back. They take the royalties out. Like they're like, ah,
go ahead, take that money. So, but generally speaking, I almost always pay the royalties.
So seeing that and seeing people rewarded who are kind of here through the bear is really
interesting you know i saw zenica had four wilds with over like four million on them or something
insane like that that was crazy to see as people are putting it out there uh in the wild um sammy
yeah jump back in and then i have a question for you follow up after that but go ahead sammy jump
in yeah i think it's like distributing those tokens back to those people that have uh honored those royalties early on i think is a
smart move because you're effectively rewarding that core community of people that supported
uh projects from the outset um and i think that that that way of doing things is it kind of it
means that those those people will support you going forward. And I think having that core community, I know pudgies do this as well.
They drive value back to their core community.
So those Genesis pudgies, and then from there, you can,
you can have that strong foundation to,
and that support to build on from,
from there and kind of expand into, into new horizons.
I love that. I, I have to ask you a question and Sammy,
you don't have to answer this if you don't want to,
but I'm so curious because I think a lot of people look at you and they say,
okay, here's a guy who, you know, gotten on this frame deal because he's, you know,
obviously on the cutting edge of these things.
Mochaverse, which speaks for itself, right?
They're sponsored by the freaking Amazon Web Services when they were in Hong Kong.
And Courtyard doing RWAs, who's been making splashes lately.
Joey Valls, don't get mad that I talked about a different RWA
company. I know that you're
killing it in a colony. Don't worry.
We're having you on the show tomorrow to talk about that.
We will do that. Maybe you and Sammy
can have some sort of...
Forget Mintify,
Modern Market and
Coffee Crossover.
Win the 1v1
Sammy vs. Joey duel for cart your courtyard
versus uh um uh versus it's funny because colony i almost said another c word they're also start
with c's it's like the alliterations got me this morning steve yeah no i i can see you tripping up
there but it's funny because uh joey is like a crossfitter. Sammy's not a small dude.
He's not like rotund, but he's tall.
We've promised this space a cage match since the early Wrecked Podcast,
Bunchu versus Chamber.
We're supposed to come out with a tag team event at one of these
Real and Real Life events.
We haven't had it yet.
Maybe Sammy versus Joey is it.
Yeah, but Sammy, I got to ask because you're always seeming to be,
first of all, again, if anybody in this space isn't following Sammy,
you are doing yourself a disservice.
Phenomenal content across the board over and over again.
Again, one of my go-tos and has been a while in this space is one of the people I was super excited to meet in Miami.
I remember texting with Jack and him being like,
he's like, I'm hanging out with Sammy and Bichak,
and I'm like, will you tell those two that I'm going to meet them soon?
So I'm pumped that I got to see that.
Apparently Jack texts in a bad British accent.
Yeah, yeah.
He texts in an accent that sounds nothing like him, apparently.
But how do you find out about these things so early?
How do you get involved?
Because I'm sure a lot of people out there are like,
man, this guy's always ahead of the curve.
He knows what's going on.
Like, how do you do it, Sammy?
I mean, I don't know really i spend so historically i mean i i used to work for ui which is like a consulting firm so i did that for about 10 years and the work ethic i got
from that working like 16 hour days just carried over into the web3 space but when you're doing
something you're passionate about and you find genuinely really interesting i think you just kind of work harder than anyone else and i think doing that
consistently for i mean i've been full-time web three for two years but i fell into advisory uh
blockchain consulting with eY down in australia uh since we've back to london but for the past
two years full-time web three and i've been doing 16 hours a day so you kind of accumulate that knowledge and i think there is that um that saying that you see 10 000 hours to become an
expert but i think particularly if you're if you're compounding it and you're kind of eating
sleeping it um and you know it's going to be the future and you're that passionate about it you'll
connect the dots so if you see a piece of news you'll be like okay well i saw something that
happened six months ago well that's related to that so I connect dots identify themes and then research and it kind of channels where you look for information
but I also think the network you have is invaluable and I get a lot of information from my network so
people will come to me like have you heard about this like I saw you wrote something about that
but have you considered this and it's like okay well I'll pay attention to that. I'll look into it. And I think having that network
and that probably the work ethic
definitely helps me personally.
I think everyone has different methods,
but that's just kind of how I've operated
for the past decade or so.
And it seems to play that pretty well.
Yeah.
And that's the best part is like,
as we've kind of approached this new run up,
I'm finding,
and I'm sure we'll get our fair share of people
who are not necessarily here for the right reasons
and all those things, but more and more people like Sammy and others who I feel like are
the right type of people that you want.
Showed up every day during the bear, grinded, put in those long days during the bear, not
in a ripping bowl, but showed up every single day, built numerous relationships.
And I'm sure many of these advisory roles have found him.
Like while he's done the search,
he's made such a good name for himself by grinding.
It's one that is,
we talk about the Modern Market Show
and B-Check and Legendary,
both primed for a massive level up here
in this new cycle.
Sam is definitely one of those.
And I love the fact he just,
he said it's the hard work and the consistency.
And it's like,
yes, it takes a little bit of luck at times in this space. You got to run pure from time to time. But I firmly believe if you're showing up every day and you're putting in the
work and you're building the relationships and you're adding value, like you're going to get
enough at bat sooner or later, one of them is going to hit. And it may come in the form of a
whitelist and a mint. It may come in the form of, you know, a mean coin you pick up, or it could come in the form of these opportunities to advise with these cutting-edge
projects. It's exciting for me to see, and I hope everyone listening, if you're newer to the space,
you can take a little inspiration from individuals like Sammy that have had such a come up by being
consistent and showing up every day and putting in the work.
Yeah. One of my favorite phrases, actually, and sort of a life mantra of mine is when nothing else works, work will work.
And I know it's like not always the case, but it does put you in a position where,
you know, you can like, like when I'm like sitting there and I'm like overwhelmed and I'm like,
I have so much going on. I'm like, all right, let's put the to-do list in an order. Let's
just start knocking stuff off and hitting checks and, you know, just, you know, put the head down.
By the way, I looked at my numbers on a frame yesterday. I paid almost, you know, my out of
my volume, my volume against my royalties paid roughly 6%. Uh, so I think, so I've, I've definitely
paid my fair share of royalties, uh, as time has come over. Cause I was expecting it to be like,
you know, two and a half to 5%, knowing that a lot of people play in that range, but apparently
I've paid some heavy royalties over time as we've gone.
But Sammy, go ahead and get in here, and then we'll let Joey get back to you.
Yeah, I think the royalty payments, I think they're partly cultural as well.
Because, I mean, the American tipping culture is very different to other countries.
So I think that just an observation, I'm just starting to see that
people are paying from the States. They seem to be paying higher percentages than other places,
but yeah, 6% is impressive. Yeah, I'm out there. I think it was like 5.8. So we're running.
Joey Vals, go ahead and get in here. GM, everybody. Yeah, I'm a big fan of Sammy.
I've been following him for a long time
all the content he puts out
all the work he's put in
everything he has well deserved
absolutely incredible what he's done
and for those that don't know
I think sometimes he's actually
revealed some of his web 2 history
he's not just like a
you know an ex
content come up.
The man has like legit credentials.
So he deserves it.
My question to Sammy and to everybody else up here is, right, we've got base came out from Coinbase.
We have blast come out from blur.
We've got frame.
Like we have all of these, you know, E you know eth layer zero you know frames call themselves a
layer zero layer two etc i call me crazy but how many do we need and like and in sammy's point
like what is what do you think is the differentiator with frame and versus blast versus base versus, right?
Because it seems like every, every other week we're getting an announcement of another airdrop of another blockchain, right?
That's building a layer two or somebody who's partnering with someone.
And so, you know, I, I guess.
Can I guess, can I guess before Sammy answers? Based on just what I've seen,
just from the brand image
they portrayed with some of their early messaging,
my read would be
Blast is an L2 that's being built
for traders,
high-volume traders
of both NFTs and coins,
whereas Frame is an L2
that's being built with the
collector and the creator
in mind. I think those are
those to me, that stands out as
far as the differentiating factor, but I'm curious
to Sammy's answer. Before Sammy
answers though,
I hear where you're coming from 100%,
but do we really
need two different chains with
two different coins for that?
Let's see if Sammy answered. Oh, go ahead, Sammy. I was going to jump in one time and be like,
before Sammy answers and see how many times we can have the conversation directly in front of you.
But I'd love you to answer. Go ahead. Yeah, I think, I mean, like I said before,
I think the future is interoperable. You're going to have multiple different blockchains.
I don't think we've, there's so many companies and projects that are yet to build on a blockchain and i think
one of the first decisions they make is okay well which which which blockchain should i build on
ultimately you look at the network that's on that blockchain is that valuable enough to to warrant
coming on because there will be some synergies from going onto a network that has xyz project
that you could potentially do some
business with there is that benefit and i think we've seen that with polygon that they brought
on big big brands and i think that has been the appeal historically but i think with frame you
you have like this this creator focused and the mechanisms that they're integrating at the contract
level will directly reward those that build on frame. And ultimately, you have those network effects that grow.
And that's just going to become like a self-perpetuating cycle
of rewarding creators.
So yeah, the interoperability as well,
like being able to maybe even transfer part of your assets
from a project over to frame to carry out certain actions
and then receiving those royalties directly from those actions,
that could be another possibility. And legendary mentioned gaming as an example like you have
like Ubisoft for instance they launched their the Genesis recent collection on ETH but the gameplay
is going to happen on I think it's the Oasis blockchain so you have all these like projects
that probably are even split between blockchains I don't think it's going to be a case of okay well
this company is going to build on this blockchain therefore it's going to stay on there
forever because it might realize halfway through their journey that actually the value proposition
they had at the beginning is very different to where they want to go next so actually this blockchain
for that particular purpose might make more sense um so yeah i think like i think we have this mindset at the moment that it's very, you're kind of focused on having blockchains that there's a lot of choice.
But actually, I think when companies and brands come into the space, they're going to be using it for various different purposes.
And I think Frame has that value proposition of rewarding those creators and driving royalties back to projects to make it in a sustainable way.
Love it. Austin, are you going to jump in here and tell them why everything should be built on flow?
Jump in.
No, maybe this is a contrarian take or maybe not, but I think we're going to move pretty quickly
when it comes to UX for consumers that they're not going to know what chain they're interrupting.
Interoperability is just going to be the norm like very very quickly you look at like what magic eden is doing with their
wallet and the ability of like soon being able to use bitcoin to buy things on ethereum or ethereum
to buy things on soul like all of the challenges that i think a lot of people have been uh facing
as they've had to bridge over their assets or bridge over their tokens.
All of that is going to go away pretty, pretty quickly.
And so the idea of like, do we need so many chains?
I just don't think that most people are even going to know that they're interacting with multiple chains at once.
Yeah, I mean, I think it's very similar to other softwares that we use where it's like
the IT people are going to care, right?
Like they're going to care what the back end is and all that because they're trying to build against it but it's like
similar it's like i don't know like do i care if something's on amazon web services there's azure
whatever i care it works and that's at the end of the day like those are the things that matter
and i think that that's the direction we're going to ultimately end up going and it's like that's
one of the things i love about luca i talk about luca with uhgy and Luca basically saying like, you know, he's like, you know,
blockchain on the back end, not on the front.
Like when I look at my kids, what are they, you know, when they like were playing around
in Pudgy world or, you know, scanning the, you know, Pudgies to get like different like
traits and things like, and my daughter's telling her friends about them.
They're like, they're not like, and guess what blockchain it's built on?
Like, don't care.
You know, they care about that it works, that it's good.
So, you know, if it doesn't work, then that's a problem with blocking.
Like, one of the things we're talking about, and I think Sammy mentioned it this morning with the flooring protocol example with what Legendary was saying,
is that, you know, like, this morning I was doing a tax loss harvest on something that I bought forever ago for like, I don't even want to say how much.
And I was selling it for much, much less.
And as I sold it, it was like one of those things where there's like an outstanding offer from like a, you know, some bot or random wallet for like 0.02 or 0.025 or something like that.
With the gas, I lost money paying it.
Like I didn't get the 0.025.
So, you know, tax loss harvest something else for 0.05 this morning. And again, I got like 0.01 out of the whole transaction
because of that. That's not sustainable. And that is an example of something that
doesn't work, right? When I see things like fees, when the average person sees fees on like,
they're like, oh, I'm going to swipe. I'm like, wait, there's like a $5 fee for doing this.
Crazy. It's like, well, let me tell you about my gas. And I looked at my gas and it's like,
you know, like seeing people who put their fees WTF and they're like yeah 15 ethan gas in the last year or something it's like it's crazy so the cost of doing business is the cost of doing
business and it will happen but the idea that the consumer consumers aren't going to look for a
better experience they just want it to work and that's not to say eth isn't going to work it has
a lot of great applications for security um you know, and various other reasons you would use this particular network.
But the point of it being, like, on the back end,
you just need to see what's baked in and what's built.
You don't need to know that.
You just need to know it works.
But Joey Vowles, let's go.
Joey Vowles will go Happy.
And then because we have Happy up here, we'll make him stay
because we're going to switch to Doodles shortly after that.
But Joey, get in here.
Yeah, I think you guys mentioned something which I think is really important, day because we're going to switch to doodles shortly after that. But Joey, get in here.
Yeah, I think you guys mentioned something which I think is really important, which is, you know, the consumer experience. And we're not, I don't think we're there yet,
but there are people that are building some incredible tools that when you're interacting
through different, you know, through the transaction process,
you won't, to your point, know which blockchain,
is there a conversion happening?
How am I withdrawing money?
How am I depositing money?
And I think that's the key, is we need to have people that are continuing to build
that backend stuff, the code that nobody sees to make the user experience seamless and
simple, because then you're right. It won't matter which blockchain, who cares if it's base,
who cares if it's, um, who cares if it's frame or whatever. But you know, right now we're not there
cause I know like for frame, not frame, sorry for, when I was like, oh, let me look around on Frontech, like that whole process of bridging over and then bridging back.
And then so I think that's the part where we need to to improve.
And then it really won't matter.
Yeah. And I'll say this, too.
The other thing that like one of the like my themes looking into 2024 is that if I was a software engineer, I would be very, very seriously looking at the
Web3 ecosystem. It's the next iteration of the internet. And when you look at how things are
going, it's like, just like back in the day. Yeah. When I was like 12, 13 year old nerd,
and I was using HTML that I found for like library books, that wasn't a very, that was a
very friction filled model to create websites when I was building those, right? Then within a few years, within the next five to seven years, WordPress.
Then we have things like Wix and we have things like Squarespace.
There's going to be software that make these things easy to build, and they're going to pick the blockchain that is best for that.
But the tools are going to come out, and it's going to be better used for consumers.
It's always so funny to me when people talk about – I always hearken back to that David Letterman interviewing Bill Gates scene where he, you know, Bill Gates is talking about the internet and he's talking about being able to listen to a baseball game whenever.
He's trying to give a very relatable example because David Letterman's a baseball fan.
And David Letterman says, have you heard of the radio?
And then he says, but you can listen to it whenever.
And David Letterman says, well, have you heard of tape recorders? He was literally trying to propose that the idea of this cocktail of technologies of the radio and a tape recorder are like the equivalent of what the internet would be.
But that's where people's mind frames often are.
It's where we are at the current moment, not where we're going.
And so I think it's really interesting to think about that.
And when you think about the interoperability across blockchains, when you think about which blockchain will be used where,
as soon as those things get pushed into the back end
and tools get on the front end to make it easy,
that's where we're going to go.
Happy, I want to let you get in here,
and then we will pivot over to Doodles,
and we're going to make you stay.
So happy, GM.
All right, happy to stay for Doodles.
Just wanted to react on that blockchain topic,
tech topic, and user experience topic.
It's crazy because I come from the Web2 world, right?
I don't have a tech background.
And when you start getting interested in crypto, of course, you're interested in the tech.
But then the whole conversation, 99% of the conversation is focused on ETH versus Sol versus Flow.
And of course, every blockchain has their own advantages and disadvantages.
But hardly ever do I hear conversations about, oh, what's the app?
What's the user experience?
And then I hear people, you know, criticizing people,
other projects building on Flow, for example, without having really experienced Flow.
And if you go on flow i dare
you experience the user onboarding process the user experience how easy it is to trade nfts
and then i dare you to tell me that flow doesn't make sense for certain types of products
and i i was researching the other day about roll-ups and all this cutting-edge tech, which is really hard to understand for someone without a tech background.
But I did my research, and we're going to experience an incredible improvement in user experience
in the coming years with that tech in the Ethereum ecosystem.
It's crazy how roll-ups can basically enable zero gas fee chains. Like
it's going to be fully subsidized by, you know, projects building app specific chains and then
subsidizing the gas fees there with account extraction and all this other type of building
blocks that they're going to implement for their products. And then you're going to use something that is living on Ethereum
and that you don't even realize is blockchain tech.
You know, you're going to have data availability on some protocols like Celestia.
And then you're going to have the security provided by Ethereum.
And then you're going to have all the efficiency in terms of costs
and speed of transactions on the rollups.
And it's incredible.
So I expect that in the coming years, the whole conversation is going to shift towards what's the app, what's the experience. When people go on Netflix, they don't care about
the tech stack. They just care about going on Netflix versus going on Amazon Prime, for example.
And that's where the conversation is going to shift in the coming years, in my opinion.
So great.
Sammy, I know you got to run here in a second.
By the way, and on the point there really quickly,
on Happy's point,
you want to know how easy the flow blockchain is to use?
Just look at the fact that I spent like $70
on Disney pins yesterday,
just directly in an app purchasing,
just bought one for $13
because I'm like, ooh, it's a gold Luke Skywalker
all the way in.
So it happened.
So, Sammy, any parting thoughts
before we let you roll off?
And thank you so much for your time this morning.
We appreciate it.
Yeah, I think the, I mean,
there's definitely,
Flo's definitely got that historical provenance
with sort of Top Shot and stuff like that coming through.
So they've got that experience.
I think they've been through it. They know what works Shot and stuff like that coming through. So they've got that experience. I think they, they,
they've been through it and they know what works and all that doesn't.
So I think that's,
that's going to be quite interesting to watch over time.
And just on those Disney pins,
I think some of those are selling for the actual physical pins.
Some of them I saw somewhere selling for like 10, 20 grand.
So there's definitely people that collect them from a collector standpoint.
So definitely keep, keep an eye on those.
Absolutely. Thank you, Sammy. we appreciate having you and yes uh i have gone um i am i'm somebody who loves this is probably unsurprising to everybody with how
corny i am but i love myself to disney so i have been to disney many many times and uh uh well not
many but probably like you know four or five times uh times in the past, I would say, you know, 10 years, 15 years.
And I love it. And there are always people with like sashes of pins and things going around.
It's like, you know, and they stop at each individual booth. They trade them. It's a whole culture.
So, you know, putting it on the blockchain is interesting.
What I would love to see them do, which, you know, withey and sammy on stage well i think they'll agree with with rwas
is i'd love to see them sort of pin a digital that twins with that in some way shape or form
um if there's a way to embed even the tiniest little nfc chip you could actually have it so
whoever has physical like a locus of control over that pin because it's actually in their physical
uh you know possession would be able to kind of tap and say,
they always own that.
So that way it's like,
if somebody,
I think this is the future of collectibles,
Steve,
I've been thinking more and more about it.
I always had a conversation with our buddy,
Michael Keene,
yesterday,
two days ago.
I think what you just described,
the physical that leads to the digital component,
the digital companion.
I think that is the future of collectibles.
I think there is still something that we all, not all,
but a lot of us still treasure about that physical piece.
And, and, and it's so much to me,
it's so much more powerful than just the digital element to have both.
I think that is, I think that's the future of collectibles.
Yeah. I mean, there's those two options of having it like, you know, in,
in like, you know, like what sort of you know uh
courtyard or colony is doing right where it's like it exists and you own that but again i will
say over and over again the idea of being able to like the way that the disney pins are setting up
sort of your flex little pin pad that you can put different things on the pad it's like that's like
a good view but imagine if you're like yeah and i own these physical too it's like flexing both
ways in that sense. But Sammy,
go ahead and jump in. Yeah, just on that digital twin, I don't know if you guys saw,
I think it was three weeks ago, eBay filed a patent for that. So creating that physical
to digital representation. So, and I had someone from eBay actually jump in my DMs and say,
how did you find out about that? There's literally no media publication has posted about that yet,
but I stumbled across it and it's literally no media publication has posted about that yet. But I stumbled across it
and it's literally just a file patent
that they put through.
And he pretty much confirmed
that it's in the pipeline.
It's just a matter of when.
Love that.
Love to hear it.
Joey Viles, go ahead and get in here
and then we'll switch over.
Have a good one, Sammy.
Appreciate it again.
Then we'll switch over to Doodles
and get all of the alpha
from yesterday's Discord call uh, discord call.
But,
Joey Viles,
get in here.
Yeah.
I'll super quick.
I love what capture said.
I use this example like many months ago of like the future of collectible and
NFTs is like,
Hey,
we're releasing a limited edition Disney bomber jacket.
And when you purchase this limited edition Disney bomber jacket, you get this
commemorative digital piece of artwork by some fame, like whatever, somebody who drew Mickey
Mouse, let's say. Right. And to Cap's point, they're then connected because people will say,
okay, I have the real life collectible and I have the digital collectible and you can then trade
them independently or you can trade them at the same time. And if you want, yes, you can include
NFC chips where they're linked together forever. There's so many things you can do. And Kat,
you're right. I don't think physical collectibles are going away anytime soon. The market's massive.
And I love what Disney's doing with the digital pins.
It would have been cooler though, for sure, if there was a physical component with those
digital pins.
To your point, Steve, like we were just at Disney this past weekend.
I literally saw a lady in a motorized wheelchair and it was her own personal one.
And it had a canopy over the top for shade and the canopy
was filled with hundreds of disney pins like decorated not to mention everybody else with
the lanyards so while i think digital collectibles are not going anywhere i still think the physicals
make sense that's sticky on the mute button totally Totally agree there. I'm getting my, uh,
getting my breakfast ready.
We're getting some nice Indian food fired up for eight 45 in the morning.
But that said, look, I want to go over to doodles. Uh,
we'll pivot over into doodles. Um, my weird breakfast habits aside,
I think I've got some non-bread leftover. Maybe we'll see. Um, well, um,
but, uh, want to talk a little bit of doodles because yesterday there was the
dude sesh, uh, you know, Julian Julian, Austin, some of the crew in the discord talking about the future of what next year looks like.
They had a little bit look back at this year.
Austin, if you don't mind giving us sort of the overview of the things that were covered yesterday because there was some news on the founders.
There was some alpha dropped about, you know, people were like, where Pharrell?
You said soon.
So I want to hear a little bit about that, if you don't mind giving us the download on
that, Austin.
Oh, man.
Well, I don't know if I can distill two hours of a sesh into a little recap, but I'll do
what I can.
And I also, unfortunately, had some technical difficulties with Discord getting in.
So it was a very funny, basically, our head of finance calling me in
through his phone, connecting me to his computer
so that I could hear everything, and then screen sharing to watch the chat.
But I jumped in, and we had Julian and Burntoast and Ingi
and Remy really leading the charge across the session and giving an update, one of everything that we've had in focus this year
and where priorities have been from the relaunch of the Doodle Bank
into the incubator and launching events across six different countries this year
to installing our first community console,
to the launch of duplicators and doodles on flow,
to gen boxes, and then moving into obviously camp, something in the water.
There was a whole list of year in review basically,
and I think Julian will probably put that as a post rather than try to get through all of those,
just kind of circling back as we're at the end of the year of what's been done
and how it's helped to lay the foundation.
And a big piece of that was twofold.
One, acquiring Golden Wolf, and I think I saw Inge in the audience, and all of the incredible work that they've been able to do.
A lot of work to bring them on board, to integrate a company that has been crushing it for over
a decade and get to learn how they work and how they operate and really find a great balance.
And Ingy has done a phenomenal job really leading the charge there in that integration.
And it took us a good part of six months from the, uh, the actual integration or the actual, uh,
deal closing around February to like really get our footing there and start to build out the
content pipeline while also, you know, servicing their business that they have on the agency side.
Um, and I think you're starting to see that play out with the content pipeline,
uh, that they've been able to generate on our socials. You know, we've at this point had over 80 clips
that have been released
and we're doing roughly about two a week.
It really found our footing,
I'd say within the last month,
we added just in November alone,
over 50,000 followers on Instagram.
You know, we started the year,
I think roughly at like 80,000.
So showing tremendous growth near the we started the year i think roughly at like 80 000 so showing you know tremendous growth
uh near the end of the year and really setting us up for hopefully a hockey stick going into
into 2024 um but they've been working on a lot of other stuff too and you know we spoke a lot about
the the lore that's being developed a lot of the things that are happening behind the scenes the uh biggest investment that we've made to date in content uh and how that's going to be driven
forward not only by uh ingi and and burnt toast who are going to be uh really leading the charge
there but also as a collaboration with pharrell and being able to integrate the Jules Records developments that we had into our animation
and into effectively like a soundtrack for the longer form content that we'll have coming out next year.
In all of those updates, so I think we started the team when I started.
It was January 15th.
So I've seen like the full year i remember being down in miami uh as we were getting ready to to launch uh duplicators and
doodles on flow and everything and you know it was like five of us around a table it was like me
the co-founders julian and alfie uh and i think mckenzie was there as well just like going through
like in a war
room until like 3am every night, like getting everything ready. And now we're ending the year
at over 50 plus employees. We have offices in New York and London and Miami. We can kind of have a
satellite in Ohio at this point where a lot of our product and engineering and design is.
And so it's been a year of a lot of growth, a lot of a lot that was happening underneath the hood as well that I don't think a lot of people were privy to.
Part of that, you alluded to some of the team updates and the founder updates.
So we also just made it known, as some people were asking around uh where evan and jordan have been uh
poopy is very much an active web3 advisor i think in the developing of uh the last year
it became clear to to all of us as the company continued to mature that like his skill set is in being just solely focused on Web3, like really thinking through like all of the DGEN shit that I think everyone gets really excited about.
Like that, to be honest, like those are the best conversations that I've ever had with Poop as well as like when we just like get on and jam about like the future of the space and what are different like novel ways that we can bring the technology forward that we can bring the space forward and so just letting him focus on that
instead of having to deal with all the operational burden of trying to run a team and a company like
it just felt like a natural progression it's why they brought julian in to begin with to like have
a seasoned ceo that can really think through like the operations of
the company. And then with Ev, you know, he's had to take a step back and want to really respect
his privacy, but has had some health issues to work through. And so we wish him all the best
and love him. You know, that's been a challenge. So yeah, we gave, we gave those updates and, and also just where people can expect to turn.
So Julian, you know, is driving, uh, the ship as the CEO burnt toast is heavily involved.
And I feel like even that is selling it short, like how involved he is the amount of times
I've gotten on a call on a design review and like BT pointing pointing out like one pantone difference i've like never
seen anything like that in terms of attention to detail so like rest assured he is very much
in the driver's seat when it comes to you know the creative vision and direction um i'm actually
driving up to toronto tomorrow to spend the day with him uh I'm back home in Rochester for the holidays. So we're
going to get some good in-person work done. And then, yeah, across the business, starting to just
clarify who does what. So I think people know here, I lead strategy and operations. I partner
across product and engineering with Remy, who I think was probably the highlight of the entire presentation if you
haven't heard it you should just go and listen to him talk about uh everything that we have planned
around the studio and immersive storytelling and why uh really all of that leads to co-creation
and how we're going to be able to build this lore and platform with the community. There's a lot of good stuff in there around loyalty and points
and how we think about bringing co-creation into canon.
I'm not going to do it justice, so go in there.
We could try to post a summary.
And then Noah, who leads our engineering,
we jumped on for a little bit,
talked about some of what we're doing with frictionless onboarding and hybrid custody and a lot of people don't know that we've actually
i don't even know if we talked about it yesterday but like uh have developed like full-on code
libraries for flow that the flow foundation has like adopted um and had basically disseminated
throughout their entire ecosystem.
And Noah and his team are actually going to be speaking about that
at an upcoming Flow Foundation.
I think it's like an award ceremony or something.
So that's the type of giga chats that we have on our engineering team
and really expanding that beyond Flow
and looking cross-chain at all of our solutions.
We've had a cross-chain mindset from the jump and and the the rest of the market is really starting to pick up on the fact that
like i said earlier cross-chain solutions are just going to become the norm and so
we're going to be looking at developing you know not just on flow but on other chains and really
measuring you know what's going on there and then yeah
we gave an update sorry this was like a lives in two hours actually we gave it
update on the incubator I know that a lot of people were really excited about
that coming live you know not only do we fund events but we had some our first
commercial experiments go live one of which I'm personally very excited about
from doodles holder named Dpengster
who created these candles with a lit dude
that are finally in production.
He's been moving really strongly with that.
And so all of that is going to come back in full force.
In January, new community council, better guidelines.
I think we did postmortems after the initial council
and just learned what went well,
what we could have done better as a team to support them,
how we can improve the approval process
and streamline guidelines.
And so we did a lot of work the last couple of months,
really spearheaded by Mushy,
who's on our community team to build that out
so that we can come back next year even
stronger. I'm sure I missed a million other things, but I've been rambling for a minute
at this point. So I'll pause there. I love it. No, just in summary, I think one of the coolest
tweets I saw, and I don't remember who sent it at this point, but it was something to the effect of
it's been so cool watching a NFT project with a few friends develop into a full-blown business with, to Austin's point, a team of 50 across the globe.
And just this maturation from a quote-unquote NFT project amongst a few friends developing into a global brand and us getting to witness it from a front row seat is pretty cool.
It's one of my most favorite things about this space,
this world. And I think a lot of us get hung up in how fast this space moves. And it seems like,
oh, they've been building this thing forever. The reality is relative to a traditional business,
they're still not even in the first inning. They're still in warmups. They're just a couple
of years in this thing just getting started and to think how much they've done already.
It really is impressive.
And I think that's one of the underrated things that doesn't get spoke often
about enough in web three, Steve,
is actually how fast these teams are moving when, when to us,
the quote unquote collectors or the holders, sometimes we want it.
We want it like when, like, you know, we want it now,
but the reality is they really are doing some tremendous, you know,
it's a tremendous amount of work and effort that they pulled off in a very short period of time. And it's are doing some tremendous you know it's a tremendous amount of
work and effort that they've pulled off in a very short period of time and it's exciting to see you
know where where to even think about where they're going to be you know five ten years down the road
i i was going to say awesome i that was actually cap this is why we work well together is i dropped
my um went ahead and dropped my headphones. So we're hitting them back in.
I stood up.
You know, this is what happens when you have the wired headphones.
Sometimes they get snagged.
I get snagged by the door.
Like a doorknob or something grabs me.
Oh, doorknobs are my fucking nemesis.
Those things, I walk by them, boom, headphones gone.
I actually, like, new curse words, like, damn it, Steve.
Every time I, my, my Steve's, which are, which I refer to the, the Apple wired headphones as,
is every time they get clipped, I actually curse Steve's name.
I blame him.
I'm just happy Steve figured out his Wi-Fi at this point.
I was starting to get a little concerned.
We caught up the other day, and I think he cut out like three different times.
So good to see you good on that front again.
I know.
My technical difficulties.
That was wild.
There's people working.
I was on a call with Austin, and there were people on the outside who were working on, I think, the internet.
And it actually happened to me with Austin.
It happened to me with Starbucks.
And it happened to me on my mod call multiple times when I was doing things.
So it was awesome just being like, hey, I'm the guy who works in tech who can't get his internet straight.
But no, it's true.
The wired headphones, for people who don't know, if you go in spaces, that's the alpha because the sound comes through better.
People would tell me that I sounded like I was coming from a shoebox in space when I was using my AirPods.
Then suddenly I'd switch over to the wired headphones and boom, clarity coming through on that.
But Cap, this is why I love working with you because what you just said teed up so well by question for Austin, which is, you know,
and we asked this to like, you know, Illa and Daniel Allegrae, and we had them on the show from Ugo Labs, because they had similar
sentiments of we're working on all this stuff. We just can't talk about it all the time.
So Austin, I guess like my question would be like, what is it like when you're working behind
the scenes, and you know that you have so many things cooking, and you see what it is in this
update, which wasn't even an exhaustive update that you said there's other things still coming
down the line. It's like, what is it like when you're working on that? And you see what it is in this update, which wasn't even an exhaustive update, that you said there's other things still coming down the line.
It's like, what is it like when you're working on that?
And you see people, like, both in the community and out of the community publicly saying, Doodles is doing nothing.
Is this project a rug?
And you're sitting here saying, we are cooking up so much.
It's just we're building a business.
Is it frustrating?
Is it hard?
Do you just want to jump out and say something?
jump out and say something like what's that like working there look i mean anyone who thinks that
Like, what's that like working there?
it's not hard like doesn't have like any emotion i guess of course like you want you want people to
see what you're working on you know that you're putting in the hours like i have been so fortunate
to work with a team that works as hard as they do for the community. And when you're spending your nights and weekends,
like literally this is all I think about.
It's become a joke within the community that like,
I have been dreaming about doodles. Like that's not like,
that's a real thing.
Like I've had multiple dreams about like things that I need to get done.
And then thinking they happen and like wake up and I'm like, Oh fuck that,
that didn't actually happen. So yeah, you, you you you like the the fud and everything you see it but you also just have
a firm belief and commitment and resolve in what you're doing and i think what really helps with
that is just zooming out in a timeline like i've never viewed this space as like uh we need to win in like the immediate term it's very much like is this going to be
an ip that can be loved by you know for years to come for not only us but future generations for
kids uh that will be coming down the pipe like that's that's the timelines that like we work
under and also like when you're in the space long enough like we all are you know that like
every project every brand gets like their time in the sun like it's all cyclical and so like
what you see as like what's hot in the immediate moment is likely going to shift over time and
the one thing that i would say that like we know that we'll continue to improve on is
letting the the community really get a front seat to that development that we'll continue to improve on is letting the community really get
a front seat to that development where we're able to. There were certain things that just
didn't make sense to talk about yet because they weren't baked enough. But as we gave some of the
updates end of year and how our content strategy is evolving and making these really strong
investments, we've heard a lot of feedback of we want to be brought into that as much as we can, any behind the scenes, any work in progress.
So we're working through that as well and trying to find the balance, but it's never going to be
enough to satiate what everyone is looking for. And I think that is part of the allure, right?
Because you want a surprise and delight and you have to be able to eat it in the in the short term i appreciate that uh thought process i want to go to happy here in a second
though because happy when you talk about like i talked about i looked to sammy for like all sorts
of knowledge of the beef check for all sorts of knowledge when doodles things come out i swear
sometimes happy is like i'm like are you like like I'm like, Happy's updating Austin on what's going on in Doodle sometimes,
it feels like, because he's so behind this, seemingly like getting the, you know,
not like alpha behind the scenes, but puts out threads that are so articulate
and so good about what's going on in this ecosystem.
So important for me because, and again, the other thing that I think that's about Happy
is in that dude chat, it's like, again, when he, you when he sees something just like everybody else that he likes, he'll say it.
When he sees something he doesn't like, they'll discuss it in a constructive way.
So I want to know, Happy, when you listened yesterday, what was your reaction to the session yesterday?
And what are the things that maybe excited you the most coming out of that?
Perfect question.
That's what I was going to talk about.
Because I think it's important to bring in holder perspective as well.
And of course, I can't speak for all holders because there's so many different opinions and goals and approaches within a community.
Right. But I'll give my own perspective yesterday.
What I appreciated was, well, first.
The fact that it was held on Discord, not everyone appreciates this, but it did feel like just casual.
Well, not casual because the structure was there
and the alpha was there,
but just a nice community chat.
And it's a mood that you cannot achieve
as easily on Twitter.
So I appreciated that.
And then what I appreciated
in terms of concrete inputs were, well, one,
we got an update, we got questions addressed. So we got information about duplicators, which,
you know, it's a product within the Doodles ecosystem. It has utility, it hasn't moved,
like it wasn't activated for a while. And so therefore people were asking questions that was addressed.
And therefore we learned that duplicators are not a dead product and that there's stuff
happening in the background as we, as we, you know, as we can assume.
Then we also got updates on Pharrell because with, you know, shortly after Pharrell announced
his involvement in Doodles, then he got in the loop for Louis Vuitton, right?
And then when you become creative director for Louis Vuitton,
then you can expect that the involvement of Pharrell
is going to be affected in Doodles.
And then you can ask yourself as a holder,
well, is Pharrell going to still be involved?
Because it was such a bullish thing, right?
I mean, when you talk about culture and Pharrell is involved,
well, you can bet that big things are going to happen and that culture is going to be realized there right and so
pharrell was addressed uh and by the way as you take a beat just a quick beat on pharrell thing
that was funny one of the best parts about the timing of that was the fact that like in the dude
chat uh there was people asking about pharrell
and it felt like almost immediately after it got addressed on stage it was a hilarious like timing
wise on how that happened so it was amazing to see that but go ahead keep keep cooking happy i just
thought the timing on it was so funny because i was watching the dude chat uh twitter and uh
discord all at the same time because i like to sort of triangulate like reactions and stuff
and that was like one of those serendipitous moments where that happened.
So go ahead, Gabby.
I thought for sure we were going to get an objection there with his pronunciation of Louis Vuitton.
Oh, no, that's true actually too.
I'm always jealous how American I am that I say Louis Vuitton.
And I can't even say it the way Happy – I won't even try to say it the way Happy says it, but it's amazing.
But yeah, Happy, no, keep cooking on the dude.
Sorry if I threw you off there. Well, you know, I'm French, so I have to say it the way Happy says it, but it's amazing. But yeah, Happy, no, keep cooking on the dude. Sorry if I threw you off there.
Well, you know, I'm French, so I have to say it the French way.
But yeah, yesterday I actually was one of the people commenting on Pharrell
because at the beginning of the presentation,
Julian said something about, you know, celebrities and people
wanting to be involved in NFTs in 21, 2022,
and then not really seeing things through
because they were just, you know, had stars in their eyes because of the hype, but they didn't
really want to commit long term to the space. And so I was like, well, I hope he's not talking
about Pharrell because I don't want to see Pharrell jump out of Doodles so easily. And then, as you said, Pharrell was addressed fast enough,
and it was actually really bullish news.
It's the key alpha for me in that call
because we learned that not only is Pharrell still involved
and there's discussions happening and building in the background,
but there's actually a very concrete thing that is going to happen next year,
which is the biggest audiovisual production Doodles has ever done.
And, you know, as a holder, and I think many people in the space outside of the community as well can agree on the fact that Doodles production, when it comes to content, whether it's, you know, music, videos, still images, it's pretty top notch, right?
music videos still images it's pretty top-notch right and so when you have pharrell with burnt
toast with ingy which is um a legend that joined the community this year and the doodles team um
as as uh i think he's creative or he's content content chief content officer and so when you
have this a plus team working on the biggest production of
doodles for next year, it's, it's going to be a blast. Like it's, I can't even imagine what's
going to come out of these mines. Right. You know, it's, it's, it's really the best team you
could imagine. And don't, don't sell short working with somebody who worked on adventure time,
right. To, to actually do storytelling with it. So it's like, this is like one of those things that, this was one of those, to me,
this is one of those face-melting moments where we talked about like a couple of things about like,
one, like vision is so important to me because a lot of NFT brands, we still don't know what they are.
But with Doodles, I think you have, you know, these questions answered where, one, you know,
not a kid's brand, a brand for everybody.
Two, coming out with an adult cartoon that's going to be in partnership with Pharrell,
a person who did Adventure Time, obviously burnt toast in that art.
So you have that going on.
You have holders being included in the storytelling and the lore.
They talked a little bit about what that was going to be moving forward,
sort of in this, you know, connectivity of the space.
So I think, like, you know, when you start to look forward,
it really actually shows the direction of where they're going as a brand.
And then four, and I want to ask Austin about this one specifically,
you know, you mentioned you actually have revenue streams,
which is like shocker, an NFT project with revenue streams.
So Austin, I don't know if you can talk a little bit about like that,
because I know that was addressed yesterday about like,
we're not just just burning money here.
Part of the Golden Wolf acquisition is that other people are using Golden Wolf, including non-Web3 award-winning shows and movies.
And it's one of a few registering streams with merchandise and other things.
Can you talk a little bit about the actual business model and products that you have that help keep things sustaining while you build the brand? Yeah, for sure. I mean,
so there are basically like two businesses underneath like doodles as a whole hold co,
if you will, the golden wolf business, which is an agency driven business. So they're going out
and doing client work for a variety of companies, typically in like 2D animation
style.
So whether that is they've done work with Google, with Nike, with Disney, they've done
a handful of spots with Fortnite.
That is a business that, you know, continues to scale up.
And, you know, Inge at the forefront, along with Dottie, who does not get nearly enough shine, has been really
like a focus of driving that continued revenue.
And so that operates out of New York and London and is a business that we're heavily focused
on continuing to grow.
That is a multi-million dollar business.
And we have aspirations of continuing to see that grow significantly.
In addition to that work,
Golden Wolf is also creating all the content for Doodles in-house.
And I don't think people really...
I think people do get why that is a big deal.
So I won't say that they don't get it.
But if you compare effectively every spot that you've seen on a web three this year you know we
had a hand in some of those like obviously golden wolf did uh some of the moonbird spots uh but you
see like something from mizuki that was created by the line um to even some of the the spots i just
saw out of uh the other side like that's that stuff is really really really expensive. We should know because we charge for it. So being able to have that as both a revenue stream
and also as an ability to reduce our cost center
is massive in and of itself.
And then obviously for the Doodles business,
it is multifaceted.
You've seen what we've done at camp
and driving ticket sales and revenue. We're at a
place now where we're having thousands of people come every week. That will be rotating to another
city and we expect that to drive up a significant amount of demand when that happens next year.
So that being one business, one vertical merchandise, brand partnerships.
A lot of people probably don't realize or they think of brand partnerships as a licensing model.
So we want to go work with brand X.
We're going to go pay them to use their IP.
It's actually not the model for us in large part
because of the leverage that we're able to create with having
golden Wolf be part of the business.
So typically when you do one of those,
you're paying in part because like you still need to go out and create all of
the marketing materials or they're going to be responsible for it.
But because all of the assets we create are in house,
like that is actually a marketing budget that we can then go and charge for um so
that in of itself is uh is a revenue stream and then yeah across the business different experiences
uh different collaborations kind of like line in there as well um digital collectibles are a big
piece of that and i would think that you'll see that continue to scale in
different ways on on different chains in the future uh so whether that is uh continuing to
develop the avatar ecosystem or looking at at other potential avenues as well that's a strong
heavy focus we are a web3 company um and so that will of course still make up a part of our our
revenue as well.
Yeah, good.
Brought up two points there that I totally missed and blew over, which is number one,
like at the beginning, right at the top of the call, I remember Julian saying,
we're a Web3 company.
You can quote me on that.
You can bookmark it.
We're a Web3 company.
So it's not that the digital aspect and building an experience through Web3 isn't there.
It's just, you know, again, I use this analogy all the time when social media came out, it wasn't like,
you know,
that it wasn't like,
you know,
Google,
Facebook and other companies are like,
fuck it.
We're shutting down our business and only using this web to stuff.
Or if we're using this web to stuff,
we can't do our current business.
It's like,
like there are native web to companies like a Facebook and Instagram,
like those ones that exist,
you know,
early my space was there, all those, right?
TikTok, et cetera.
And then there are brands that use those products and those different iterations of the internet
where, you know, it's the read, write, own.
You were able to read, then you were able to write.
And now in Web3, you're able to own.
All those things can exist together.
And Web3 is one of the first technologies where when I talk to people in the space,
it's like they want to throw out the baby with the bathwater and say,
nope, forget everything that, forget the fact that this is built on web one and we're sitting here talking on web two.
You should only do web three.
It's like, this is how businesses are supposed to operate.
You know, when I worked at Progressive, we had a whole program for triaging customer complaints because people would come out, they'd have a bad claim.
They need to talk to customer service.
They were looking to get a policy change, boom.
There's a whole CRM system set up through that.
That's using Web2 in a company that was Web1 at the time, right?
And you see, you know, whether it was when I worked with Nestle,
DiGiorno is really funny and whimsical and they do things online.
They use it to reach customers in a new and different way.
That's them using Web2.
They didn't say, well, we're a Web1 company, can't get involved here.
So I like the fact that it was like, we are a Web3 company, but it's okay to say you use other solutions because technology is technology, which I like. And the other thing you said there that I really like was,
you know, I remember when camp first launched and we were really excited about on this show,
we talked about it. I want to say Julian like did an interview last year, right at right when it was
announced and we got all excited about it.
I went to the opening, got to meet you in person for the first time there, got to meet a ton of dudes in person for the first time there.
And a lot of people said like, well, we'll see how this goes.
And if there's more announcing a second location.
So I think it went OK. We saw the stats and the data on it.
And people are interacting with your brand. And again, like there's no, like people have this
concept that like, well, and, and, you know, like, Oh, a brand can only start from, you know, a video
game that's successful. It can only start from a cartoon that's successful. And it's like, there
are different ways for people to get interact, interactivity with brands. And it's not crazy to
think that there are people in Chicago who had nothing to do with Web3, don't understand
it, had a great experience with the brand that are now going to see this brand positioned
in different ways to say, oh, I recognize that.
Yeah, my kid had a really good time going around.
I remember that.
And there's also that factor of knowing it before it was cool, right?
So there's groundswells that happen for brands being created in different ways.
Love to hear that.
Joey Vowles, I saw your hand fly up as well. Feel. Love to hear that. Joey Vowles,
I saw your hand fly up as well. Feel free to get in here, Joey Vowles.
Yeah. So I'm a big fan of what Doodles has been building. And I've said for many times,
if I could buy equity in Doodles, I would totally buy equity in Doodles and what they're building.
And so I have two quick questions because I have have a work call in 15 minutes the first one
is is there any fear with the adult cartoon that you could be segregating the brand because like
you know when you look at like adult we're just talking non-kid cartoon correct oh not not like
how do you pronounce is? Not the type of adult
cartoons you watch, Joey. No, I'm just kidding.
Just kidding. When I think of adult cartoons,
I think of like Adult Swim, right?
Like those cartoons that you're not
letting your
six to twelve year olds
watch because they're on at like nine o'clock
at night. See, I think more Simpsons.
When someone says adult cartoon,
I think like Simpsons, not Adult Swim.
But yeah, I would also appreciate the clarification a little bit.
Yeah.
So Austin, what is the vision for that cartoon and would it alienate kids?
Kind of.
Yeah, it's a great question.
I think Julian talks a lot about ensuring that the brand is safe for children so like it is geared towards adults
but it's like i think the language he used yesterday was ensuring that parents wouldn't
be like defcon 7 if they saw that it was on um yeah i think you can read the tea leaves a little
bit of innuendo that only us uh only us olds might understand and get but it's yeah exactly and like if you i think adventure time is very much in this vein like
kids can watch adventure time and have a great time but you're an adult and can watch it as well
um and get probably a lot more of the jokes so there's like the script is done like it's it's got some like it's not crude humor but it's like
edgier humor like if you go and look at some of bt's earlier work before doodles like it's always
had this little bit of an edge but it's still like approachable for kids as well i think you're
gonna see that that come through um but yeah hopefully that gives a little bit more explanation and on that
you know it's like there are a couple ways to do things there's is the symptoms model like you said
there's the adults model but i want to say it was a gladwell book that i was reading where they
talked about the on uh onset of sesame street and i'm gonna butcher this because it's been like years
since i read it and maybe i'm getting gladwell wrong and i'm misattributing this but i remember
there being a idea that it's like, look, like one of the reasons Sesame
Street was successful is because, you know, when they had like, you know, uh, the, they
had like references to current pop culture.
So when parents were watching with their kids, to your point, like, I didn't want to like,
you know, uh, I didn't want to be, I was like, if somebody can just, um, you know, give me
a sleeping pill until this thing's over or whatever.
Right.
When I watch, when I watch some cartoons with my kids, there's two types of cartoons.
And again, even though it's not a kid's cartoon, being able to be approachable for kids but have the adult jokes,
it's like the two types of cartoons where I'm walking by and maybe I'm watching it and my kids look at me and I'm like,
I'm not watching the cartoon.
I'm watching my son.
And then there's the cartoon that's like, you're like, oh, my God, I cannot stand this.
I don't want to see it. So having sort of a crossover there makes sense. And I'm
glad to hear that too, because when I do talk about like a kid's brand, obviously you have camp
and what they're doing there. And, you know, having an appeal to everybody, you know,
there are brands that can do that. You know, Hello Kitty appeals across the board. But like,
when I think about the appeal to kids, I'm glad to hear that just because my my kids i mean when i talk to my kids they're they're all about like doodles cool cats and uh
pudgy pennies those are the three they look like ivan front and i same way i think like his kids
generally like they're they they're in the doodles brand like they they went to camp like i think
they're you know just having even hearing him talk about it before steve it's like it's the doodles brand has has seeped into your kids his
kids consciousness just as much as you know like a mickey mouse has or or the disney princess like
it's i feel as if that crossroads has already happened maybe not for all the kids across
you know the world but for those kids that are parents of holders
or those that are in this space,
or even a kid who's probably experienced camp,
I really do think that they've begun
to cross that chasm into mainstream.
Absolutely.
My kids have, you know, it's true.
Like my kids, like when I go on these sort of,
it's funny, my son will will be like when daddy goes on his
vacations because he doesn't like attribute that trips are different than vacations when you're
going to work the big party um note note all the uh all the people on the timeline that are sick
and dealing with the basil flu and like i came back exhausted like it was it's a grind like yes
there's a good time and i enjoy it it doesn't feel like work but it is a it's a grind. Like, yes, there's a good time and I enjoy it. It doesn't feel like work, but it is a, it is a grind. It's like, it's like.
You're not doing anything to dissuade people of the notion that it was a party by saying everyone came back sick.
It's no, it's funny. Cause cap's like, everybody comes back sick from Miami. It's just what happens.
Look, cap's like, I left exhausted. I all one up you. I was exhausted by like Friday night when we were there.
Remember, we were driving Friday night.
It was 7 p.m. on Friday night.
No way in hell I'm ever going to do five days at Basel again.
Three is probably one day too many.
Yeah, and we'll go back to Joe in a second because I know Joe, he's on a hard stop.
But yeah, it was like we were driving and it was 7 o'clock.
And we were with Jack, me, Mrs. Jack, and Cap in the Jeep.
And we're sitting there and I look at Cap. I'm like, I'm not ruling out having you take me back
to my hotel to go to bed right now at seven o'clock on a Friday in Miami when we have literal
parties we can go to on South beach because I am just dead. Um, but no, it's definitely the
party. Like I was the latest one in the party and I barely made it to 10 o'clock and I still had to
bail before, uh, again, our buddy, Michael Keene came keen came to visit it's like he's on his way i'm like dude
i had to call it it's it's been a long day and it's like 10 o'clock p.m yeah absolutely and i
will say this but like to to put the train back on the tracks and we'll go down to joey is you
know when i go to these uh these events uh which again my daughter's like when you go on a work
trip my son says when you went on your vacation um um, my kids say like, did you get me? Like,
I always bring stuff back. Classic dad move going to, going to a little, uh, work trip,
bring stuff back. And the question I get from my daughter is was doodles there. Did you get
anything from doodles? Like she asks that question because she loves the dude. So like,
it definitely has that consciousness. And to your point, Von Fronten's kids, which are,
you know, he has a kid who, you know kid who's three, four years older than my kid.
It has the same experience where it's like, also Von Fronten, I just have to like harken back off the tracks one more time.
Classic dad line from Von Fronten when he was like talking about his son.
He's like, when we're going on a walk with him and he's walking 30 feet in front of us in our neighborhood because God forbid his friends know he has parents.
I'm like, that's the ultimate dad line right there. God forbid his friends know he has parents.
Let's go back to Joey, though. Joey, go ahead and get in here.
Yeah, real quick. So obviously, we know the Doodles IP is just incredible, right?
Like everyone keeps talking about how amazing it is.
As a holder, we've talked about how, you know, you got to go to the camp grand
opening and special events and, you know, there's constantly dropping, you know, the doodles crocs
and all these things that like holders get access to first. What do you, what is the long-term
like reward system outside of like, Hey, if we build a cool company, then price is going to go
up. Right. Like, what do you see as the way for doodles holders to, is it just more events? Like
what is it that would attract somebody into the doodles ecosystem right now to spend,
I don't know what the floor price is, let's say three grand or four grand, right? To come into doodles.
Yeah, it's a good question. And I think ultimately, like I can spin a narrative,
but it'll be a variety. It'll be a collection of actions, right? Like it's not any given one thing and people have different incentives for what they will want to be a part of a community for.
From my perspective, what sets us apart and what we're
really focused on is the co-creation of this IP with the community. And so what does it look like
to have a bi-directional relationship with IP? That's something that's a pretty novel concept.
If you just think through the history of traditional media, IP is usually something
that is consumed. It is one direction.
You receive it on your airwaves.
You receive it on your socials.
You go to the movies.
You take it in as just like someone without an identity
within the ecosystem.
And that's it.
And I think what we're really looking to emphasize
is what does it look like to co-create this world together?
And so OGs having the front row seat to that co-creation,
having the opportunity to develop their own storylines and their own lore
behind these characters and have that be recognized not only by the community,
but have it be recognized by the team and that to actually play out,
you know, whether that be in our first party product in the studio,
in our socials and future content to be released. That to me is like a major selling point of,
you know, this is something that we're going to be able to create together. And for you to have
a like unique experience within the ecosystem, when we did an offsite a few months ago, and
again, like everyone should go
and listen to the the session if you have the time i know everyone's super busy but one of the
things that i came away with from the last offsite we did was uh remy's passion around describing
experience of going to like disney world and really the only way that you were able to be
identified as an individual was
like having like a fast pass basically and there's like some very very minimal um personalization
but what would that look like if like you went to Disney World and they were able to identify
everything about you and your relationship with the IP of you know everything that you had
collected all the actions you had taken,
all the events you had gone to. And so your event could be,
your experience could be highly personalized.
They could greet you by name. You know,
they could give you certain like collectibles for being there.
You could go deeper and like be much more in sync with the brand in a way
that really doesn't exist today. I think
that's how we think about like storytelling overall of what does it look like for your
characters to participate in this world. And then through that, you know, being able to recognize
and reward. So people that participate more within the ecosystem, being able to, you know,
you've talked about access to events we've talked about
partnerships and merchandise but i think also like just being validated for your participation
um and actually seeing ugc elevated to a place where like you can have your own brands behind
uh your your nfts and you can really like start to drive your own, your own net, so to speak, and be
able to have a platform for that.
So a bit of a long winded answer.
I think it's, it's a very different approach than a lot of brands out there.
And it's one that's going to take a lot of time to develop, but you're going to see a
lot of developments next year when it comes to this co-creation.
That's a cap.
When you hear building your own brands around,
around Judas and getting a heart from Joey Val is on that answer,
by the way,
tugging on my heartstrings.
Yeah.
Tugging on my heartstrings.
Yeah.
It sounds like,
cause that's what caps all about building around the IP.
He's big on that.
So you and cropped maxi business partners.
I mean,
we've got a few,
like,
I don't mean to like,
I'm trying not to sound arrogant,
but our doodle slaps, man.
It's got the glasses, it's got the hat, it's got the combo puffer, like, it's got the fancy background.
Like, the thing is, it's loaded with rare traits.
It's also clean and aesthetically pleasing.
And yeah, I will, we would probably consider a deal with Pharrell if he really wants to include us in his next music video yeah we would be open to the conversation
that's something i could be interested in if pharrell brings the right number no it's it's
funny the um my my you know it's like i i that's the thing about the doodles is they have a great
look to i mean people find them ones that associate probably here's the problem i'm not even 12 i'm
not even 24 hours into owning this thing and we bought
it like I can probably share. I think I could
probably just screenshot our DMS and he wouldn't
care. But like both of us were like
we both just want in we've wanted in forever.
We wanted exposure to the ecosystem
he considered picking up, you know, some flooring
capital, but with the recent hacks over there decided
to pass on that and was going to go ahead and
and pick up a full dude. I was
I too. So for me,
it was like a no brainer to get in now at halves.
And we're like,
yeah,
if you want to sell it someday,
you can buy me out.
And like I,
same goes.
if he decides he wants to flip it,
I wasn't good.
But now it's like,
I'm not even 24 hours in and I'm already emotionally attached to this,
this dude.
And I can already,
I can,
I can,
I can,
I can physically see chamber just shaking his head and disgust with me
after I want him over yesterday with my,
flip,
flip all these things for, for gains enrolled on the Ethan and btc if doodles run to a 10 e floor
like i'm gonna have to come up with with five eath liquid to buy crocs out because i i have a
feeling it's it's in the wallet forever i knew i'd get you back cap i knew i'd get you back
cap yesterday's being like i'm buying jpegs i'm flipping them i'm rolling it straight to btc soul
and eth and that's it and we're not getting emotionally attached, then he buys a doodle.
Here, I'm a full-blown community member, yep.
24 hours later, he's like,
I own half a doodle and I need more.
No, the glasses, I mean, look,
I made the rec on the glasses trade.
You know how I feel about the glasses trade.
My doodle that I got,
I got it like right after Mint,
so I was in the OG Discord,
I minted my three,
and then I traded around with my three
until I found what I considered my forever dude. And then I traded around with my three until I found what I
considered my forever dude. And my forever dude is a doodle that is as close that I could find
in the collection to the original burnt toast, uh, bubblegum future art. When you went to his
website with this, with the sweatshirt and the pink hair and this one and glasses. And I'm
always a big fan of the sunglasses trait, which is weird. Cause I don't wear a lot of sunglasses
cause I have very squitty eyes, so I don't need them but like i love sunglasses trait so went ahead and got
that one and it's been like vaulted forever right it's and i think doodles is like one of the few
servers where i don't have my ape as my pfp i have my doodle as my pfp because i like really
love rocking that one so um it's a good one so we're sunglasses brothers cap which i'm a big fan
of uh one in a million sent me the hearts down there. Actually, if you want to see my dude, one in a million in the chat, his wife was doing some art and she actually made my dude, uh, did physical artwork of my dude, which is his PFP now. So, uh, one in a million and I sort of shared the, the, the dude IP in that sense, but copy you've had your hand up for a hot minute here. So go ahead and get back in.
Copy, you've had your hand up for a hot minute here, so go ahead and get back in.
Yeah, thanks.
Awesome, dude.
You got there, Captain.
Really a fan.
And on my end, my favorite thread is the blue check.
So you can see it on my PFP.
I think just reflecting on the blue check, I think it holds much more cultural value than people would think.
Especially in Web3, when you think about the whole, you know,
Twitter premium subscription talk, and then you had, um, um, Jack Butcher doing checks art. And
then like, it's really something that has a lot of cultural value that I think we'll continue to
appreciate with time. And so, you know, I'm, I'm all here for it and it's a cool trait. So I'm,
I'm going to have to jump pretty soon. And I just wanted to reflect on something, bring the conversation back just to just a nod and basically provide perspective in yesterday's session, and you think about Doodles, what's bullish about them, right?
They have the IP, they have the vision and the strategy, and they have the execution done properly.
So the IP, I think everybody can agree here that it has a lot of potential to gain momentum and traction and interest in the mainstream world.
When you think about the vision and the strategy, Doodles as a brand knows where they're going.
They're here to color the world with joy.
They also know where they're going with the different products in the ecosystem, what's the vision for the whole ecosystem. And then they are able to execute on this strategy
time and time again, whether through events, whether through products. And of course,
not everything has been perfect, but I'd say 90% of the time, the execution is really something
that we can look up to. And so when you have all that mixed together, right, then you can expect that this is going to be a huge success. And of course,
when you have a big vision with stuff that has never been done before, and you have to execute
on that stuff, it takes a lot of time, right? And so of course, people in this space are
just impatient in general, you know, it's like, Oh, I have my liquidity locked in this NFT,
and nothing's been happening for two months.
Like, you know, I need to exit, not enough value driving back to me.
But then when you shift the conversation from just pure profit and speculation conversation to then fandom and being involved in an ecosystem where you're rewarded in different ways to perpetuity,
then this is really, really interesting. And so coming from the brand world
and the luxury world, you know, brands take time to build. When you think about LVMH,
Bernard Arnault said, if you want to have luxury margins, it's only possible in the luxury world.
And margins mainly can come from the product, different things, but the brand in
the luxury world drives the margins and doodles is building a brand for the decades to come.
So it might take time, but I'm bullish. And I think my ETH is properly, um, uh, immobilized
in a doodle and I like to rock it. Happy. So I need to ask before I let you go,
cause I need to get out of here.
You said LVMH.
Can you tell me what the LV in LVMH stands for?
Yeah, that's Louis Vuitton.
And then the next part is Moet Tennessee.
So it's like, I lived in China for a while and it's like there's whole classes being held
on how to pronounce luxury brand names.
You know, it's not an easy thing.
And the French have kept it pretty hard for people to pronounce their brand names.
But probably adds to the charm, right?
Yeah, I'm definitely, like I said, I am the gross American who's like trying to pronounce things and just absolutely screwed it up.
But I do my best out here.
It's just very much.
I mean, it's funny.
We're talking to the dude chat on the side.
Like, I'm an Ohio guy.
Just turns out, you know, it's like I live in Ohio and I'm very, you know,
very much, you know, talk in the way that a Midwesterner would.
My non-regional dialect comes out and is always showing.
But love the accent, happy, and appreciate that.
And appreciate Austin giving us an update on Doodles this morning as well.
Like, this is a great, I mean, this is what we're here for.
Like, this is the stuff that we are,
gets us excited about Web3 on this show is, you know,
Cap loves IP building and business building, and we're hearing about that.
I love community, and we're hearing about that.
The idea of storytelling, I love that. And again, like something that can ingratiate my kids, adults alike, it's a very
hard thing to capture. And again, remember when the doodles came out, I think I was doing a
podcast. This is how long ago this was. This is before he went full Darth Vader, but I was doing
a podcast with T-Moss at the time, I think. And I remember us seeing doodles when they dropped and
I was on that allow list and he's like these are really good ip like we were just
like the ip is just absolutely there so um you know uh scott's art uh burnt toast is just out
of control so we appreciate that but yeah makes me giggle every time the uh the the steve plus
tmos gets brought up on the steve character arc and web 3 it's just it's a
uh it'll forever be one of my uh like like you're like it's just like i don't know how to describe
that moment in time for you but it's like one of those things going to look back on 20 years and
see where the two of you are at and that's like try to connect that dot good luck yeah that was
a funny split when um you know he dropped the rug token or the rug token. Wow. I mean, same idea of the FUD token. And we, we sort of, I went on and was like, hey, we have a podcast that like we had thousands
of people streaming because that was back when Shamdu was like, you know, like the talk
of the town.
Like you had the 16 year olds who was, you know, you know, doing things that we hadn't
seen in the space.
We had Shamdu on when nobody could get him on because his.
I'm not, I'm not going to share it.
I'm not going to pick on minors,
but Beanie dunked on him pretty hard yesterday in a thread.
He got a kick out of it.
He got a kick out of it.
He was like there for it.
Yeah, I mean, I'll share it.
It was funny.
And Shamdu won't care.
He's a good dude.
By the way, that dude doesn't even look 16.
I remember when we met him and somebody commented on a picture. I was like, can I post a picture? And Shamdu was like, sure.
When I met him at NFT NYC in 2021. And I had a friend who commented, he was like,
this is MF or is like 35 years old. Cause he's like tall and looks a little older.
But yeah, Shamdu was like, I don't believe this is a real beanie. Tell me something I don't know.
And he's like, you canceled me and jumped and crapped all over me when I, when, when, uh, all the news came out from, you know, NFT ethics, he's like,
and then you got my DMS and apologize immediately after. And then like something to that degree.
And sham dude just put like LMAO, this is really beanie. So I've always actually suspected it was
really beanie. I know people have had that debate there and maybe there's multiple people working
with it, but like, I like i i there's enough indicators i
had from like experiences with him in the past to think that that is him behind that account but
yeah we had sham duo on that on that podcast and you know it was uh look i mean it was it was like
it was like a big big deal to have him on at the time and like we're doing really well and
i ultimately had to make the call to be like hey i'm canceling this thing i would text with him
about it because i didn't know anything about this fud token i didn't know how it was going down and um and
again like i don't think i don't think team us had bad intentions there he's been generally
up front about things he's one of the few people who promotes the crap out of things but also
says he's promoting the crap out of things versus other people but um you know he's got a little
edge to him so um definitely no hard feelings speaking about battles and beating the crap out
i i don't even know how like i i i have to go back and scroll up the chat i don't
know how it got on this point but the fact that this this dude's chat is already talking about
king's island versus cedar point fights are i think i might have found my my second home steve
i'm telling you that dude chat is electric like it is it is again it is one of steve and i steve
and i both probably had a senior trip
or two to either king's island and or cedar point oh yeah cedar point um the true story about cedar
point um and we'll get the train back on the tracks here in a second but i mean true story um uh true
story on uh on cedar point like my senior year i was dating mrs nft bar at the time so we were 16
and we had been dating since then that's one of the reasons why I'll sometimes, you know, talk about my wife and I'll be like,
Hey, I'll introduce her to people as my ex-girlfriend. And people will be like,
that's your wife. I'm like, that's my ex-girlfriend. Um, but we, we started dating.
We were 16. So my senior year go to Cedar point, we had to use the bottom of those travel buses
because I'm really good at random things.
And I went to Cedar point and I came back with a four foot,
one either poo for her, uh, a, I think three,
three and a half foot dragon, which she, um, uh,
which she, uh, ultimately, uh, gave to like one of her cousins or something
like that. So brownie points there like four basketballs.
Cause I was like sick in those shots.
Cause even though I suck at real basketball,
I somehow can like drain those like trick,
those like rims that don't make sense.
So I ended up coming back with like all this stuff.
Like somebody walked by there,
like you stole those basketballs.
I'm like, no, I just made the shots.
They're like, don't believe you.
But yeah, so that, that,
that three foot one of the poo is actually in our garage.
Now we're figuring out what we want to do with it.
Cause we didn't really have a place for it.
And my son's nine now.
He's like, I don't need this in my room.
It creeps me out at this point.
It just stares at me.
So it's large, though.
When I say three-foot, also wide or round, it's like a beanbag chair, basically.
That's not a beanbag chair.
So I won some good prizes at Cedar Point back in the day.
But look.
The human brain is weird.
Core memories are weird.
If anyone can can
uh guess the album that for some reason i can see the cover it's a very iconic album cover it was a
cd i was listening to on my disc man on loop uh the entire bus ride uh to cedar point and back
i grew up in central ohio so i was like halfway between cedar point and king's island we did both
but on the trip specifically to king's island I vividly remember listening to this one album. Okay, good. I was going to say, I want to take a guess. Keep going.
I just, I listened to it, you know, that I think it was, might've been the only album I listened
to the entire drive there and the entire drive back. So it's one of those bangers that you
could listen to, you know, from beginning to end, not like today's music where there might be one
or two bangers on a, on an album, you know, an era built for singles. This was actually an entire
album full of fire. Any guesses? A hundred bonus bonus points in the chat did you say it has an iconic
album cover it does yeah absolutely is it nirvana no that would have been i mean that is the iconic
album cover from that era but you're you're you're close um but but no not nirvana well let's let
people guess in the chat if they want to
and I won't go
because I was trying to think
because at that era
it would have been either
you might have hit over into an Eminem phase
so that came to my mind as well
but the
It was probably pre-M&M
I'll get the year the album came out
to give everyone a little hint
It's probably I'm just trying to think of He's like the Titanic soundtrack This is like, you know, I'll get the year the album came out to give everyone a little hint.
It's probably, I'm just trying to think of it.
He's like the Titanic soundtrack, banger, start to finish.
But yeah, no, I think like, again, like while Cap does that,
I think we can, I know we're hitting about 945.
We got about 15 minutes.
I do want to talk a little bit about the Moonbirds rumors because we haven't yet.
I got MB in the DMs mentioning it.
I know we talked about it yesterday, you know, in the the war room so we'll get to that here in a second but austin before 94 we're released in 94 is the tip uh so so i i would it must not maybe
it wasn't senior year maybe it was like uh just to give you the time frame i i graduated high
school in 99 um so this album would have been out for a few years if it was my if it was our
senior trip for sure oh oh, was it like Green Day?
that's a good one
I definitely listened to Dookie cover to cover many times
but it wasn't this specific album
I'm referencing this trip now
you're really close
you're getting closer, Nirvana to Green Day
is heading in the right direction
so it's an alternative
so it's like
we're talking about the era of...
Oof.
Alright, so that's the era of
REM, Smashing Pumpkins type thing.
Man, this is tough.
I'm so curious now because Nirvana came to mind
and then when you said the 94 time frame,
I actually remember...
I can't even tell you the...
I can't tell you the color of the background of the album cover because it's commonly known as that album, if that gives you the hint.
The color of the album cover is what they commonly refer to the actual album as.
It was an untitled album.
Got it. to the actual album as it was like an untitled untitled uh album got it i'll i'm gonna think on this um and we'll go because that sounds like it's i was gonna uh i i have a guess but we'll
keep it going but before we move on to moonbirds i do want to go over to austin one more time
anything else about yesterday's announcement about doodles in general as we kind of kick this
thing off that you wanted to get across?
Cause we're so grateful you took time this morning.
It's always great when a team member pops up to give us the download on things that are going on with the project.
Obviously happy as a community member, we kind of had the best of both worlds, top community member, top team member coming up and talking about it.
But Austin, any other thoughts before we, before we, we, we switch gears?
No, just that, you know, incredibly grateful for this community and like, excuse me,
I slept for like four fucking hours. I just got back to New York. But if, if you have any questions,
you know, we're active, we're here, feel free to reach out. You know, would love to have you
be part of the Jules community, but big shit coming in 2024. So you heard it here first.
Love it. Awesome awesome thanks for joining us
this morning austin cap i do want to switch uh gears for a second here and do talk a little bit
of the moonbirds rumors yesterday so i'll pin it to the top but the timeline was a buzz yesterday
how much would you have to be how much treasure would they have to get you give you to take over
moonbirds and make it your full-time job?
I mean, I don't want to want an NFT program.
So I'm good on that, period. Like, running a full NFT project from, you know, as a, like, restart.
Like, Luca, God bless him.
He's got it in him.
I don't have that in me right now.
Like, I don't want to do a total like a rebuild
with something and even though they have like but the thing is they have a good treasury right
and so for you who missed it i pinned it to the top uh lacos who used to be he was known as the
glitch bird right he was known as the glitch bird uh for a very long time recently sold off and
traded it um and you know for people who don't know his history with that,
Lacos actually got the Glitch Bird.
He was actually in the middle of a six-figure sort of licensing
slash advisory deal when they went CC0.
So the CC0 decision actually cost him six figures
when they made that decision.
So he was one of the people who was, you know,
affected by that in that way.
And I think a lot of people were surprised because, at the time,
Moonbirds was having these regular parliaments. They're always talking with the community. They
were like very involved and very in the weeds there. And then out of nowhere, with CC0 irreversible
decision released, obviously there were some, then there was people who even brought up the
idea of a class action lawsuit where they're like, well, it says IP rights when you purchased it. So
you promised something upon purchase that you then change. And I'm sure there's fine print and Kevin
Rose is a smart guy and they know what they're doing there.
But that was sort of one of the trials and tribulations.
Ultimately,
Lackos ended up exiting the community recently as far.
And I think he still has like mythics and some other things,
but his glitch bird,
he made a nice clean trade for,
I want to say he got an eight for it,
which is pretty cool.
I think Nix has it right now,
which is,
which is great as well.
Nix always has the sick mythic,
but now has the glitch bird.
So I guess that's kind of what happened with Lackos and his story there.
He's always been a fan of that community.
I even saw him in the Discord last night chatting it up with Amanda and some of the other people.
But on the timeline, he goes,
Hearing rumors that a certain project is reaching out to other projects, asking to get acquired.
I really hope that's true and it happens.
Harsh.
If community
takeover is an option, I have a group of interested people. So sounds like, of course, Lacko said that
and like Farouk responds, you could just say it's the burbs. Lacko says bird is the word. Beanie's
in there talking about how community takeovers never work for various reasons. A lot of people
in there talking about it. So then it sparks this big debate, rumor discussion that Moonbirds are being acquired or they're looking to sell the company at least.
Other people, rumors flying back. Of course, once this comes out, I have DMs, I have texts
with rumors that this, that, and you never know what's true and what's not. But Cap,
you've talked a little bit about a leadership change at Moonbirds being something that you thought would be refreshing.
And by the way, shout out to NB for getting us on track with this because this is something that we had discussed a little bit previously.
But with everything else that happened yesterday, I was debating if we'd go this direction or not, but it's worth discussing.
Any thoughts, Cap, on the initial news that they are potentially looking to sell?
Yeah, I'm here for it.
I'm on record over a while.
I think Cairo is mentally checked out.
I don't think he's willing to put, you know, I don't think he's willing to double down
on Moonbirds at this point.
It's just my read.
I've not spoke to him personally about it, but, you know, it's just like the, you know,
kind of his MO is, you know, he moves on to the next venture.
He's very connected in the venture scene and the tech scene.
And this is hard.
And they've shuttered numerous plans.
And it wasn't just the IP.
It was HiRise.
It was the Google of Web3.
It was the conference.
So many things that they just decided not to do
and really didn't give any other reason other than
it was going to be hard and cost money. And that's business. This is a startup world that's very...
It is a lot of unknown and it takes some experimenting and a willingness to
move forward and ship stuff and be okay if you don't hit product market fit,
but to get up, dust yourself off and do it again.
Whereas my takeaway from the last couple of years
with Moonbirds is they really...
It's not that they've shipped things that haven't worked.
It's just they've not even made the effort
out of fare of failure, I think.
And that's just not, I don't think,
a way you're going to succeed
in this space. I think the team is incredibly
talented. We love Stevie and Justin and Sam
and CT. It's like they've got
an incredible group of people.
Maggie throws some of the best
events in the space. I just think
from a directional standpoint and leadership, it
starts at the top. And I still think
Justin, I'd love to see Justin be a part of the go-forward
plan. I think K-Row is not
my read, is he's not willing
to put in the time or
double down on
Moonbirds to give it
another go. And I can understand that.
It's got to be a drain. If the guy can't even get into
his own Discord and make a comment without being attacked,
it would be very tough. And I could see that
wearing on someone. And that's okay. It doesn't
mean he's a failure. It's just like I think they're at a crossroads where it's either like
one of two things has to happen. He's going to roll up his sleeves, double down and put 80 hours
a week into the business to get it where it needs to be, or step aside and hand over the reins and
let someone else do it. I just in this space that moves so fast, you have others that are in their
range of brands that have raised big funds or they have big treasuries.
They're just
lapping proof.
They've done
so much. They have done a lot of good
for arts and artists
in the space, but I still
don't know as if
what the future
holds there as far as a quote-unquote
art collector PFP,
if that's still the true north or what their vision is.
It just feels kind of lost in going through the motions.
And yeah, I think a change in leadership would be very well received.
I think it'd be a spark back into the community.
I think it'd bring a lot of those OGs back into the community, potentially.
But even still, that doesn't necessarily guarantee success or any sort of value accrual back to the
holders. It's going to be hard. And unfortunately, I hate to say this, but man, I don't even know how
it turns around unless you just flush some of those disgruntled holders out and almost start
with a clean, fresh slate of a community. And then it's like, well, what are you even acquiring at that point?
What are you taking over other than some provenance of a project
that had at one point captured the zeitgeist of this space?
It's not like it had broke out into mainstream at all
or made any waves there.
I don't even know what...
I asked you the question because I don't even know
if I'd have a number myself because I don't know what... I'd have a number myself, because I don't know what,
I don't know the path forward.
I don't even have a suggestion at this point.
So I think they're in a really tough spot.
But I do think that it's going to take,
I do know it's going to take work to,
and maybe revive isn't the right word,
because, I mean, the reality is
they're still trading at a couple of each floor.
Like, there's a lot of projects that have,
you know, not just trending towards zero,
but have went to zero where,
where there still is, you know, you know,
valuable assets throughout this community.
There, there is still a real market cap and, and the treasury is loaded.
It's still one of the largest in the space.
So you would, you would think there's an opportunity, but I just,
I don't know. I, and maybe I'm wrong.
This is a lot of speculation. Like I said, I don't,
we've had K. Rowe on the show. I've never,
I've not really spoke to him personally. I just, my read is he's not willing to take any more risks in the space. I think the CCO move was the first de-risking event they had and then canceling the conference and canceling the plans for high-rise and this other stuff. I still don't fully understand Talons or think that's an answer.
To me, I don't think that's it by any stretch of the imagination.
Yeah, Steve, I don't know if that answers your question,
but I am cautiously optimistic about a transition to takeover.
I'm also going to be realistic.
Just because Luka did it with Pudgy Penguins
does not guarantee someone else can step in
and have similar results with Moonbirds
or any other,
or Guttercats can see that same.
I know we got a lot of excitement
once Noah took back over Guttercats,
but it's still hard.
Just because it's new leadership
does not guarantee success.
But I think it would be a breath of fresh air
for some of those that have
continued to support that community
and just feel a little lost, a little rudderless maybe. a breath of fresh air for some of those that have, um, you continue to support that community and,
um, just, you know, feel, feel a little, a little lost, a little rudderless maybe.
Yeah, I think it's, um, I think that's fair. I think we see a lot of, um, you know, a lot of people who are in that community trying to figure it out. I remember having a conversation with,
and look, I, I've been supportive because your point, like I like the team, I like what they're
building or I like their, I like the team and i like what they do when they execute it right like maggie's events you mentioned very good
the way amanda runs community very good right the way that like when we went to that event in new
york we talked about it nobody does that better than moonbirds nobody does that better than proof
we went to a nice like very gallery felt like a um felt like an Art Basel event.
Went to a nice kind of, like, not gallery, because they, I mean, it was because they had things upstairs,
but, like, a whole art exhibit that was sort of this art-music combo exhibit they put on together.
Actually literally had a dancer walking around kind of in the zone as we were there. They had, like, high-end spirits, like Japanese whiskey and vodka and stuff that were, like, small batch by the guy who invented the highball.
Like all these amazing things, you know, good music,
but not too loud that you can't have a conversation.
And we have had a tremendous time at multiple proof events.
We have had a tremendous time with the team and the direction,
but like, it's hard because like,
it's hard to scale art to 10,000 people,
let alone the amount of people with mythics.
And then you have mythics when you have things like, you know, the golden wolf trailer that
we had talked about earlier, like they had worked with that golden wolf on that trailer.
And like, it's like, so what is the direction and where is the focus?
And, you know, to me, it's always been a great network of builders in an awesome community,
but like, you know, they were building some software products.
They had to scrap those.
They made the decision to scrap the conference, which was again again, tough because we were, like, ready to go.
We were ready to rock.
We were excited about it.
And then, you know, that went away.
And we've seen them go through some trials and tribulations.
Obviously, like, Justin's an awesome human being.
Love his artwork and think he's talented as hell, as well as hardworking as hell.
And, like, you know, Sam, you talked about as well.
And I don't have the same perception a lot of other people have about Cairo.
Like I've had good experience with Cairo personally.
And regardless of what people think about him, he's affected my life materially in so many different ways.
Like my first NFT I bought, like, or minted on ETH, I should say, was, you know, in, because I got an NFTs in early 2021 and a few months in,
I finally bought some stuff. I'd played around in different ecosystems and I finally went
and minted my first NFT. And like, I want to say it was like March or something. And it was an art
blocks and it was an art blocks because I was listening to Kevin Rose on, uh, having snow
fro on his podcast and snow fro was mentioning art blocks and mentioned his Galaxis NFT. And
it's not worth a bazillion dollars or anything like that. It's just a really good, you know,
solid, um, you know, really good, solid, like fun, like you creating this world.
And I remember the concept, I remember telling people at Nestle at the time, I'm like,
this is not non-fungible. It's I'm the only one who has this little planet that exists with these
clouds and this plane and these things. I think it was so cool. And so like, I don't have the same negative perception that a lot of people have about
Cairo.
And I've even had conversations.
He came on this show and was like relatively reasonable and was very kind, actually, and
complimentary about the fact he's like, wow, you guys like asked me tough questions, but
you weren't jerks about it.
And we just had conversation and you let me answer.
And we're like, yeah, that's kind of what we do here.
So I don't have a negative perception there as much, but to your point, it feels like there's been a lot of fits and starts and they haven't gotten
the traction they would want.
Right.
And they've been,
you know,
trying and trying and trying,
God bless them.
Like,
but like,
it doesn't seem like anything's landed the way that they wanted it to.
And so you have this great team.
You have this great IP.
Cause I do think the moonbirds are cool.
I think the mythics are cool.
what do you do with it?
The real question, I guess, Cap, let me ask you this, is who is the—
that was not intended to be that way with an owl—
who is the ultimate acquirer for a Moonbird?
It's like, who do you think—
all I can hear is owls who-ing every time I say who now.
What company do you think is an ideal target to—
like, we've heard, you know, in like we we've heard you know in rumors we've heard
now in dms pudgy penguins which i don't think happens because luke has got his eye on the prize
does he want to do it again all over with a with a project that he's trying to sort of like which
but doesn't need to be resurrected hard it's like a two-week floor but like you know does he want to
do i think it would hurt i i don't i don't think it's luke i think it would actually hurt pudgy
penguins i think what they're building it's like just you talk about it's Luca. I think it would actually hurt Pudgy Penguins. I think what they're building, it's like, just as you talk about, it's hard to make 10,000 art collectors happy.
For what they're doing from a licensing standpoint,
you add another 10,000 holders into that ecosystem,
I think it makes it more challenging for them
to drive any value back to their original holders.
Plus Mythics, plus Mythics.
Yeah, yeah, yeah.
I don't think it's a fit for Luca.
I mean, maybe he disagrees, but yeah, I think it would be disruptive to Pudgies. And I don't see how it helps what they're attempting to accomplish by adding another IP.
minutes ago, he guessed the correct answer.
But I actually incorrectly gave him the
win because S3N4
guessed it a minute before that. And actually
to no surprise, it was actually
Von Fronten who guessed it before that
and actually got beat as I see now.
Our guy Mackie looks to
be first in with the correct answer.
All of them guessed correctly. It was Weezer,
the blue album.
It was what I was rocking out to on
my... I don't know how it must have been
several hours trip to cedar point back in the day steve i will make everyone listen to it
our show our show band but yeah that that uh the blue album from weezer weezer was uh you you could
play it was one of the last ones i remember where you could just play the thing through
and all the songs hit it at that point.
And I think still hold up today.
I just looked on Spotify.
Three of their top five most popular songs
are from that blue album that launched in 1994.
Oh, it's a great album.
That was, well, the thing was the way, you know,
actually I'm going to make a really weird analogy here
before we get back to Moonbirds
as we're off the rails.
First of all, Weezer, Blue Album, banger.
Underrated Weezer song, not on the Blue Album, but I know it from the Mallrats soundtrack.
Suzanne, actually very good Weezer song from back in the day that a lot of people haven't heard and don't know.
But love that.
Total banger.
And Mallrats soundtrack as a whole was a banger because it was like that era.
But the thing about how we consume media is interesting.
It's one of the reasons I'm super bullish.
Again, when I say bullish, I always want to clarify,
not price go up, not anything like that, but bullish on the thesis of them as a company.
One of the reasons I'm bullish as hell on doodles is that they talked yesterday about how we consume media. And Julian talked about broken models, fixing models, new models. Like there's thinking
about how we consume media in a different way,
which I think is like what disruptors do.
Netflix disrupted the way we consume media.
Spotify disrupted the way we consume media.
And when you talk about the brands of,
when you talk about Weezer and the album start to finish,
and we kind of say like, oh, all albums aren't start to finish.
It's all about singles now.
The reason being is that we don't consume music via albums anymore like we used to, right? And so a band would tell a story on an album. I remember
one album I liked that I think is still underrated to this day because they were sort of like a one
band album. But I think about Lit, which is a band that had my own worst enemy and all those
things. It's like they had an album that literally told a story start to finish, right? I'm trying to think of the other one. There was another artist I listened to recently
that I listened to and I was like, damn, they're telling a story. Oh, Old Dominion was the last
one. I remember doing it probably five, six years ago before Spotify was as big. And I remember
them doing an album where start to finish, they had a song at the beginning and they almost follow
this sort of relationship arc throughout the album. You know, Linkin Park, all these different albums,
they would be start to finish. The music was made to compliment each other and they would
deliberately put albums in order to do certain things. Linkin Park is a side note. I was watching
the Rock Hall concert the other day because Mrs. NFT Bark and I actually went to the concert at
the Rock Hall that Linkin did, like small intimate intimate concert for Lincoln Park back in the day. But it's just how you consume media.
And I think the way that Doodles is saying, we think media is going to be consumed differently.
I hear this again, similarly from Cool Cats and Pudgy Penguins. I think they're all having
variations of the same story, which is people and kids and adults and everybody consumes media
differently than they used to.
And they're participatory in the media in different ways than they used to.
How do we make that sing and shine as a brand?
So I think it's really smart.
Back to Moonbirds, though, to your point.
So who do you think then, based on that,
you said it's not Luca and Pudgy Penguins,
which I would intend to agree with.
I've heard people say rumors of Yuga because they can roll it into other side.
I think Yuga is probably a hard no because they've already, Daniel's on record,
hey, we bit off too much.
We acquired too many brands and too many people,
and they right-sized the organization back a few months ago.
They right-sized the organization
back a few months ago.
So I do not think Yuga
is even
remotely in the realm of possibilities.
I could be way wrong, but I think
it would be quite the pivot from
where they were
just a few months ago that they want to focus
on what they already have versus
taking on more.
I don't know. Joe's coming up.
Maybe a Warped Joe would be the
ideal acquirer.
But candidly, I think it is
probably someone like Alaco,
someone, you know, community-led
initiative, someone from the space,
someone that's been a part of the ecosystem,
someone who understands the trials and tribulations,
someone who has the respect of those that are
in the community, albeit maybe some that are
disgruntled, but would give a, you know,
they'd have some level of trust and understanding
with that OG community member.
I think that's probably the most likely outcome
is it's not an existing project.
I just think there's too much baggage
for any existing project to want to take on.
And I don't know what that actually accomplishes
at this point.
And I also, I think,
I could also see this playing out
where it's not even an exit from Web3
for KRO necessarily.
I think proof
continues to be proof and
maybe that
I think that's the pivot is
spin off Moonbirds and the
larger collections and
they get back to
a small art collector community
which I think you could say
we're the art collectors PFP all you want
but I just don't think
it's hit. I don't think they found product market mix. I think you could say where the art collector's PFP all you want, but I just, I don't think,
I don't think it's hit.
I think they, I don't think they found product market mix.
I think this last round of Grails,
you know, it's not all about floor price,
but it's just, it's not having,
it's really, really hard to do,
as you said, with a community this size.
And I think getting back to a smaller base
and revisiting things there,
I think could be,
could remain a going concern with
with not having the the larger community and in the quote-unquote pfp uh base that is moonbirds
oddities and mythics before we go to joe because i'm sure he's gonna jockey to buy moonbirds
because he's a big fan of kevin and big fan of moonbirds in general i will say um i'm kidding
joe's probably seething right now Because sometimes we make those jokes and you forget that you're in front of like 140 people or whatever it is.
I'll say this.
I think that there is this problem that you get, which is you have one of two things that are happening.
Like I talked about, I had this thread a while ago, like, no, nobody's going to acquire your NFT brand.
Because when we were starting to see like, you know, things starting to heat up, people were like, oh, Pudgy Penguins is going to buy every single brand. Because when we were starting to see things starting to heat up,
people were like, oh, Pudgy Penguins is going to buy every single brand.
And I was like, why would Luka buy them if they don't buy it?
I don't think this is a check.
I think this is someone assuming a liability.
I think the acquisition, maybe the acquirer,
similar to the Guttercat deal where they get the deal done
by whoever's acquiring it agrees to
also capitalize the new entity. But I could see it as a similar deal like that where they're not
cutting a check to take on this community or this liability. Rather, it's like, yeah,
we'll take on the responsibility, liability. We'll agree to fund with X to put into the business.
And it may even come with a portion of that treasury.
Like it's, I think it's, yeah,
I don't think this is like going to be a, you know,
any sort of exit or a sale.
Rather it's, it'll almost be a, you know,
a handoff to someone who agrees to certain, you know,
probably capitalization commitments.
Maybe even not that, but yeah, this is,
I do not think this will be a, to some of the comments in the chat, like what are they buying? you know, probably capitalization commitments. Maybe even not that, but yeah, this is,
I do not think this will be a,
to some of the comments in the chat,
like what are they buying?
I think it's, this could go a lot of different ways,
but I don't, the one thing I'm pretty sure of is like no one's paying a premium for,
you know, for whatever assets
would ultimately be transferred or spun off.
Yeah, I think they would just get the treasury
or some degree of that with it
to kind of get the start off. But like I was going to say, you know, one of two ways, there is a relatively
disgruntled community. And this is one of my arguments against acquisition in general was like,
why, like people talk about IP, which I do love moon birds and mythics and everything,
but like in general, like people talk about IP and I always try to tell people, you know, like
we were on this stage at one point, I'm like, how many people on this stage have heard of one piece
and like one person had heard of one piece, right. Versus like, you know, like we were on this stage at one point, I'm like, how many people on this stage have heard of One Piece? And like one person had heard of One Piece, right? Versus like,
you know, like when you look at, you know, and that's major, major multi-billion dollar IP that
like people know from the anime space. And so it's like, no, nobody knows what like, you know,
these various IPs are for, you know, these projects that are like, you know, hoping to,
you know, grow themselves. Like IP is not a reason to acquire.
And then if you have a community that's disgruntled,
like one of the reasons cool cats is always a great acquisition target.
I thought for someone is because the community still vibes.
It doesn't matter what the floor is.
The community vibes.
And like with moon birds, like you have one of two things that can happen.
Either a, you have community members who are pumped about it.
And they're like, okay, like new beginning and it's fresh, but B,
you could just be acquiring a disgruntled community, which is like,
so you'd be taking on a disgruntled community.
You'd be trying to fold it in your existing business. You'd be like,
so there are some questions about whether it would work.
I do have some thoughts on some ones that might just be crazy enough to do
it. Like, you know,
would it be crazy to see like a dust labs or someone buy it?
Like just knowing that they, you know,
they'll yeet into decisions like that and they'll, they'll,
they'll try to make it work.
Who knows, but they already have large communities with Utes and D gods to manage.
Um, I kid, I was going to say they could upgrade the moon birds art if they really wanted to,
that would be a season one, uh, joking, joking love, uh, love Frank and Kevin, but Joe, go
ahead and get in here and explain to me what you are seeing and thinking about this whole
situation.
I imagine you have some hot takes here.
I don't see why they would hand over
any part of the treasury.
They never formed it as a separate company.
That money's proofs.
You can pry it from his cold, dead hands.
Would you take over the liabilities
without any treasury, though?
I think it's going to have to.
I think they'll have to incentivize someone.
I would want to get paid.
Like, there's nothing there.
I mean, no offense to anybody, but, like, that community is, like, toxic.
Like, put it like this, okay?
Boss Beauties buys BFF, right?
And the Boss Beauties Discord gets so toxic that they basically put it in read only and move everybody to the BFF discord.
That's a project you don't even hear people complain about. Okay. So like, Yuka is not
going to take that on. Yuka's got like a whole slew of stuff that they have to figure out,
right? That's going to cost them money. It's not going to make them money. Like,
Pudgies, like everything that Luca wants to do.
Yeah, they're birds.
They're both birds.
He can go buy cockpunch then.
Like, that's a chicken project.
Go buy that bird.
Like, you got a bunch of pissed off people.
He knows what he wants to do over there.
He's got to figure out what little pudgies are.
He's got to figure out what the rods are.
He's got a bunch of stuff he's got to figure out that he inherited.
Then you're going to inherit that mess?
Like, and then what you're going to have to do is you're going to have to change all 10,000 images, right?
You're going to have to add a couple of pixels, change a couple of pixels, and have everybody remint.
Probably on a better chain, like a cheap, low-gas chain.
Because they're already going to piss off because they paid $8,000 to get that thing.
And this is the only way you're going to be able to give them back IP rights.
So that's like the first thing you got to do, right?
And that's going to cost you money.
So like you're already dumping money into it.
And is he going to really want to hand over any of that money
when he hasn't, they didn't even spin it off
and do a separate business with it yet.
So everybody who I talked to was over there.
Like they have no ideas.
That thing's a mess.
And it's been a mess.
And they've been offered some really cool, amazing shit to help get built for very little
money.
Like I've sat with people who have pitched them stuff and we gave them ideas
to say hey go tell them we can do this we can tell them how to build it it'll cost a half a
million to build the whole thing it'll cost 300 grand and it's revenue positive on day one and
they said no they have no interest so like good luck to everybody but i mean i warned you all
laughter like you guys have a story about what he does because he has a podcast.
He's stuck at Silicon Valley.
You can take in $49 million in investor money and sell the thing for $16 million.
That's a failure.
That's not a success.
So I'm done talking.
What was the reason, I guess?
Because again, this is an interesting one
because I've heard not just from you.
And again, these are all, it's all hearsay.
I don't know anything that anybody else knows differently,
but like, you know, this is none of this is confirmed.
So we're talking in non-absolutes.
I always want to say that, um, you're talking obviously
in absolutes because you experienced it, right?
Which I think is totally fair.
But what do you suppose is the reason here that they like what was the reason given for turning that down like
i guess i'm like thrown off by this because like i have had a similar sort of you know i've heard
similar things not just from you but from others about their um about how they've not taken on certain products certain opportunities
what is what is that about like i'm curious your take i i honestly don't know because like
it doesn't make any sense i think like you you want to know my opinion this is an opinion
i think what kevin wants is kevin wants to to be the Christie's or the Sotheby's.
He wants to be the market maker for digital art.
That's what I think he wants to be.
I don't think he understands how the art market works.
That's not how art works.
But I think that's what he wants to be.
And like the amount of money that they've raised.
Okay.
Like they raised 10 after proof.
They raised 10 before they minted.
They raised 10 like the week before they minted Moonbirds, right?
Moonbirds, what, 8,000 of them for $8,000 each, right?
Because 2,000 go to proof.
And then you announce, you know, that summer, what, around August, like a $50 million raise,
right?
So like you are off and running.
You can build whatever you want to build
with that amount of money.
And then all the ideas dry up.
And it's like, you know now
from projects and businesses
that are coming into the ecosystem
that it is possible to bring out a token,
a coin with value behind it.
Like, but they put that off and they say, well, you know, Fenwick West, like legal regulations
can't do it.
I mean, you can't do it.
Like there are legal entities and ways to do that.
You just have to build value into it.
Otherwise, it's going to go straight to zero.
But every single action item is like held up in paralysis. And I think that there is like the same thing
happened at dig. All right. I had a business partner who was much older than I was. He took
a loss of money so he could go work over there and get a big equity. They had a quarter of a
billion dollar offer from Google to sell it. And the whole entire company
was like, do it. Right. Cause this is what we've been working for. And he was like, no. And then,
you know, 18 months later, it's going for $16 million. And it's like paralysis analysis. Like
you just get stuck in your fucking head. You think you're smarter than everybody else.
You think you see the fucking vision all the way down the road. And really, you are myopic and tunnel vision. And that gets really dangerous. And if you won't listen to
people, I don't know what to do, man. And there's a cult of personality that forms around really
strong NFT groups. That's how these things work. And so if you get enough people standing around
you saying, you're the best, go do that. You can see it.
You start to believe your own shit.
And you see that over and over again.
So I can't tell you why they turned down these things.
It wasn't even us pitching it.
Like it was legitimate people from that community who they like listening to them talk.
And they're just saying like, no, no, no.
And I heard it started to affect the normal side of the group,
like the Justin side.
And that's too bad because there was something there.
And like the whole point of having one of those was really all the people in
the group.
And most of those people are pissed off or have left.
And that's too bad.
Yeah.
I mean, that's the part that's tough is like,
I have this conversation
around a lot of different brands, right. Where it's like, you know, there are so many people
in that community, I think that are the type of people you would want in your community,
which I know that that sounds like, you know, not to be judgy, but you know what I mean by that.
It's like, in fact, you've texted me in a nice way when I've, when I've had issues with, you
know, certain communities and we've texted offline and a nice way when I've had issues with certain communities
and we've texted offline and you've said to me,
and I appreciate this because I don't look at myself this way.
I'm very bad at this, where it's like, you're like,
Steve, you're the type of person someone should want
in their community, representing their brand,
like actively participating.
Like you made this comment to me about multiple NFT communities
when I've had issues and like you said,
like you should not, I'm entitled to anything, but you're like, you, people should want you representing. You talk
to people every morning, you work with Starbucks, all these other things. And with Moonbirds,
it was very similar where every time I went to an event, I feel like I would meet such amazing
people who I vibed with. It was like a bunch of tech nerds who were like all in this thing
together. And I was like, this is really cool. I really like this group. And so kind of seeing that, you know,
fall apart with people like Lackos and others and that have kind of like,
you know, left the community.
I mean, you know,
and I'm glad others have found and landed in strong places.
Lackos has always been an ape.
So him going back to his eight makes sense.
He has Josh Ong's twin ape, right?
We've talked about that.
You know,
Riggs as a pudgy with dow is like my favorite story arc
of 2023 and beyond because you know those two ripping it up it's like the most fun you're gonna
have like i you know i i didn't get spending nearly as much time at basil with them as i
wanted to but man like so much fun with the two of them if you hang out with rigs and down you
don't have a good time there's something wrong with you so like it's fine but he was in the
moonberg community he was representing hard and so point, like, it's kind of crazy because you have people like, you know, Justin's
a great dude. And like, I think like his, you know, his vision and kind of what he was trying
to do there was pretty cool. And, you know, then you have this kind of catch that you're getting
caught up in, you mentioned analysis paralysis, and you're not the only person who's told me that.
And so I just, I hear about that. And like, you have experience working with them directly. I
can only go by kind of what people have told me because I've never worked with
them on anything really. I mean, I have had conversations with things that have like,
not ultimately materialized with them, but you know, nothing that's like too far down the line,
but I guess that's the tricky part. So I don't know. I mean, you said like, who would take it
on? Let's assume that treasury funds are coming with it. Cause some of the rumors that have popped around in dms that there will be treasury funds that come with it
um i guess joe let me ask you who do you think forget forget who you think should because it
sounds like you don't think anybody should but like who do you think would take on sort of the
moonbirds and the proof brand should they ultimately go down the road of being acquired or transferred
i mean as a company that currently
exists i don't think any of these nft companies should i think honestly if you could get like
rigs and lacos and a couple of like the community members to take it over like they instantly know
what they want to do and that would be the best bet for everybody even if you don't agree with
their vision or whatever they have vision and they want to do stuff and they've done stuff.
So like they'll go and they'll do it.
And that's the that's the one thing like everybody has an opinion here.
But like, you know, opinions, assholes.
Right. So let somebody who wants to do it, do it.
But I don't I don't think it benefits any current NFT company because it's like six months ago.
Like we're talking about even early summer, like late spring, there was value there because people still hadn't, like you saw a lot more moonbirds on the timeline.
You saw a lot more activity.
People were still like, I think that's when Riggs and Drew, and I think that's when they started like their all birds birds to try to like link all the different you know together like there was still people grinding for it now it's like a
bunch of fucking pissed off people like like like there's there's been like positive activity in the
nft space for the last like three weeks and nobody's going like oh my god look at what's
gonna happen over here everybody's just kind of like you know, it's like the fart in the room.
Nobody wants to say it.
But I don't see any company that would benefit right now from taking on that headache.
And I think it would be really funny if somebody tried to do it because you're instantly like you need to create a customer
service center to deal with that that's how bad i think it is in my opinion and i say that because
look at the people the diehards just in the last month who have left or who have stopped
participating so me lacos yeah there's there's rigs obviously yeah i mean rigs like
rigs is like people don't get that like rigs is like rigs is a realist who rigs has a very deep
real world um rolodex and like rigs can be silly on the timeline and you see him out with dao
dressed like a penguin having fun.
But like my favorite group conversation is where Dow and Rigs that I set up where Dow and Rigs met each other.
And there's like a handful of people in there.
There's like sticks of us who are active talking in there.
And that's like my best conversation because like Rigs will tell you smart things directly with plain words.
Because Riggs will tell you smart things directly with plain words.
And that's the kind of person that takes over a problematic project like Gutter Cat or like Moonbirds.
Because he can stay direct playing things and be available to get yelled at.
And you're going to have to go through a month of whoever takes it over being yelled at.
of whoever takes it over being yelled at.
People are going to just have to vent.
And I don't know who has a strong personality
to put up with a month of just being told
how wrong and terrible everything is.
But yeah, they would have to give money.
There's no way anybody takes that over
and puts money in.
You need to give money.
And I don't know if he's willing to do that.
Like I feel like he's the kind
that would fly the plane
into the side of the mountain.
And I say that because we've seen him do it with another company for a lot.
Think of somebody offering a quarter of a billion dollars and saying no,
and then selling the thing for $16 million 18 months later.
It's amazing.
That just doesn't happen, especially at that point in Silicon Valley.
I'm done talking.
Yeah, I think it's a good point as far as like, you know, when you talk about the work and the time that goes into these things.
That's the biggest thing I look at.
When you talk about someone like Black Ghost, Griggs, and others who would be interested.
God bless them, but like you would need treasury funds just to start paying salaries as you
figure this thing out, and you'd need to be willing to invest the time because these are
full-time jobs.
We just had Austin talking about products and five revenue streams that Doodles has built
built out over the past couple of years as they scale with major brand partnerships.
out over the past couple of years as they scale with major brand partnerships.
And, you know, like when you have like one group where you have a CEO of, you know, a
former president of Billboard at your CEO helm, and you have, you know, a group of people
who are talking about product they're building and what their plan is to reach, you know,
mass groups of people working with Pharrell.
And then you flip to the other side of it.
And I always thought Kevin Rose's network will be a major advantage for Moonbirds like I always thought that
that was the thing that was going to separate them apart at a point in time when people were like
you have access to like when I went to Bell's Beach House a couple years ago when they did the
their what they called the future proof announcement right where they they announced
like what their future looked like they announced Mythics and some other products right
High Rise at the time I I believe, was announced,
what they were going to do there.
When I went to that, I remember having these conversations
and being like, wow, I'm talking to a founder of DoorDash or something.
I don't know, I'm making it up.
Something like that where you'd be having a conversation,
what do you do?
Be like, oh, I created Uber Eats or whatever it is.
You know what I mean?
Or I acquired this company that got acquired by google or and you'd be having these conversations
being like wow these this is a very impressive community and it's partially because you know
kevin and justin and the network that they have and then obviously people like you know rigs and
myself and others who are like newer to this scene were there as well and like you mentioned rigs is
a very real world roll deck that includes more than just jared leto and his big hammer so i think like there's something
to be said about like the people who were like in this community and i always thought that would be
empowering and you know i sit here now looking at it and being like to your point like those are the
people that are leaving and you just wonder like where it goes and i don't know like it's weird
because like i'm not the one to come on and make a punching bag out of any founder or anybody who you know tries and does some stuff and
i appreciate the idea of pivoting and trying different things but yeah this is a crazy one
and it's just a crazy story arc and this is one of those where there's smoke there's fire situations
too where i never want to you know i never want to perpetuate rumors or things that we think aren't
true we always try to get facts and so i always couch it with that on this conversation but like i feel i wouldn't if i i feel this is enough there's
enough uh smoke on this one i otherwise i wouldn't have been talking like we first got started getting
word of this at art basil and it just kept it mum because it was just rumors now that it's being
publicly talked about on the timeline i i do think there's there's likely certainly uh certainly a
fire brewing on this one yeah it's like we started hearing this at art basil and like cap and i like talked about on the timeline i i do think there's there's likely certainly uh certainly a fire
brewing on this one yeah it's like we started hearing this at our brazil and like cap and i
like people like understand this i'm sure because of the nature of our job we hear a lot of things
and it's actually a very difficult job to separate the signal from the noise sometimes and i don't
think people necessarily understand because it's almost a look behind the scenes a look under the
cover here uh for us a little bit a look under the hood is that we'll hear things and we won't talk about
them and we won't care about being first because we want to be correct and so you know there are
situations where you'll hear something announced or break broken on a different show or a different
place and we're like yeah we heard that too two weeks ago or maybe we heard at the same time but
we don't want to like talk about something that's not necessarily true and in this one yeah we started hearing rumblings at our basel and afterwards we started hearing some more rumblings
a couple more texts a couple more dms and i still didn't say anything i still didn't do anything
and then lackos put it on the timeline i'm like all right so this is flying around in enough
places where there's probably at least some credence to the discussions went to the discord
there's sort of no real like denial i mean go look at cabro's
post about his tattoo he got like the the generative tattoo done yesterday and hung out with
tyler hobbs majority of the comments are encouraging him to sell moonbirds or saying i heard your
rumors are you're selling like it's it's all like that's the most of what the comments to his tattoo
post was was you know people in the community or not in the community talking and asking questions about the,
uh, uh, this, this rumored sale. Yeah. And so I, I feel it like, and so it's,
it's hard, but it's like, that's why we always want to caveat, like, who knows if this is true
or not. But even in the discord, you know, I, you know, Amanda's in there doing her best job.
And by the way, as a community lead for Starbucks, i know how hard this is because there's people be asking questions i can't answer
related to starbucks stuff i just dealt with it yesterday and had a less than happy community
member and thankfully the majority of the community supportive just like they are of amanda because
she's in that spot where she's like i'm not here to confirm or deny any rumors i'm just here to
make sure everyone stays civil which is a very tough job in that discord at times and i appreciate
it because i am in a very good vibes discord with starbucks like i'm very here to make sure everyone stays civil, which is a very tough job in that Discord at times. And I appreciate it because I am in a very good vibe Discord with Starbucks.
Like, I'm very lucky to lead that.
It's not always the best, though.
Like, sometimes things go wrong or sometimes people don't like certain announcements.
And it happens.
So I guess, like, net-net, all of that to say, like, we don't know what's true or what's not.
But there is a lot of smoke on this one to make me think it's at least being considered,
even if the conversations happened.
It's a shame that they leaked in various ways, but, you know, that's part of business sometimes, depending on how you do it.
You know, things like NDAs and other stuff like that are probably prudent for these sort of conversations.
And I don't know if anybody broke them or they didn't include them, but I don't know.
It's kind of a crazy situation.
But Joe, go ahead and get back in here.
I mean, that's a really hard thing to enforce.
I'm going to tell you a secret, okay?
You can't enforce a non-complete clause in California, okay?
So last year, all these projects are approaching me to talk to them and look at their stuff.
And they would say, can you sign an NDA?
Sign an NDA to listen to your stupid idea. Okay,
why don't you put an NDA in together with NCC so we can take care of the whole thing in case
we go further with this? Oh, okay, that sounds great. Send me over an NDA with NCC. I sign one
signature. It's not enforceable. So that's my trick. But going back, Steve, they give you three
to five million dollars in the treasury and they let you start on April 1st.
That way you can do the book run.
You going to take it over?
I'm not taking over any NFT project right now, let alone that one.
You could give me Yugo Labs right now, and I'd be like, I don't think I have the capacity or ability, depending on what it is.
And I also think like—
A five I'd consider, a ten I'd do it.
Cap would do it for 10?
With 10 million in treasury, you take it?
Yeah, I think it's enough runway to do.
Like I would view it as a fresh startup
funded with a $10 million check
and we'd tear the whole thing down
and build it up from ground zero
with some loyal community members.
I told you I didn't know what I'm building
to drive revenue.
I didn't get that thing built in four months.
And it's actually uses blockchain.
Shocking.
Yeah.
So I take the 10 and I'd,
I'd bring Joe in,
give him half of it and say,
let's,
let's,
let's do your,
do your thing.
I will,
I will be an official ambassador.
You said my,
you said my PFP is a six figure real estate cap at one point.
So give me, give me a million dollars and I'll rock the PFP of your brand for the next month.
And we'll make that happen.
We can renegotiate when the month is over.
But no, it's definitely a – because after taxes, that's six figures.
I'll give it to you in talons.
It's a thing where it's like – as a side note as we kind of wrap through
i mean i hate it it makes me sad man it makes me sad to think about because
i do love i do love that community and so many people in it and I've had such a good time and I really like that team. And it makes me sad having these conversations
because I enjoy, you know,
I want people to succeed
and I realize in a startup world,
that's not going to be the case.
And I have seen now,
I won't say who it was talking about,
but Mrs. NFT Bark and I had conversations
about like two to three NFT brands
that are basically the examples of,
that we like, that are the examples of 99% of this stuff's going to zero and they are that going to
zero. And it bums me out. Um, but at the same time, I know it's part of the game, but it's,
it's a sad conversation to have when you're like saying, Hey, are these, you know, and again,
these things are sitting at over an eighth and a half at this point. Um, you know, I, I'm sure
the blur bit is still like 1.65 or something for one right now.
So it's not like they're dead.
That's $3,000 or something like that.
That's a lot of money.
But it's also just a bummer to think there's a lot of people who put a lot of time and effort who are into it.
And I'm not going to sit here and rail on the team.
I know others will about mistakes they've made or anything.
It's just a bummer that it wasn't able to come to fruition.
That was always part of the deal here in NFTs.
But yeah, it's hard for me to think who takes this over besides a community member.
Unless there is a significant, like you said, if someone's like, hey, I'll give you $10 million in treasury, start this thing over with the community.
You know, you have a built-in system, a built-in brand.
Um, but I, I don't know, man, I don't think I'd want to take on the next few years of
my life trying to figure out like how I'm going to build a business around this thing.
Like I would rather start my own business and then build out against that.
So I don't know.
Like, like, it's like, it's like, it's almost like I'm starting.
Why start from that point when I can like just start my own and not like i look at like what
you know we're not doing this because because because everyone loves a comeback story i think
that's that's the other value here is is if again the funding is a key key part of it but if you get
the runway you get the funding it does have some history there is is some provenance here. And it's, I think while it may be harder,
I think there is some value in that comeback story
that's hard to really quantify.
But I do think in a space that at times,
not at times, often is very narrative driven
and meme driven.
I think that's the why, at least in my head,
of why it would be worth considering.
And there are some, look, there are some fuckers out there who love them some owls.
You'll be surprised.
There are some people who are big-time owl fans.
So I'm sure there's something to be said there as well.
But I just, I don't know.
That's a good point.
Everyone loves a comeback story, and if you can put something together, it's just, I don't know.
I look what, and we're not going to do this by any means, but I look at what like, you know, easy and the nifty folks did with Bodogos and like, they just made really cute IP that they then push on a daily basis and talk about and, and, you know, do partnerships and things with. And it's like, it feels like we could just as easily, someone could just as easily do that in the right way i guess you don't have a built-in community but you're also absorbing a community you might say you know like i talked to a lot of people in proof who said i got it in
moonbirds for this for the tech and for the networking and whatever it's like i didn't get
into being an art collector and then they pivoted to art which i thought was a logical pivot for
them given their interest in who they are but it's also like i don't know like if there's another
pivot like are you ending up with a disgruntled community?
Like Joe said, you're going to have to like hire call center employees just to like, you know, kick things off.
But Joe, let's get in here and then we'll probably shut down from there.
I just gonna say real quick, go look at your bird this weekend.
Pick like three to five pixels that you would change on it.
That way if it gets taken over, you're off and running and you know what you want to do so you can get your IP back.
over a year off and running and you know what you want to do so you can get your ip back
although then go sit down with a disney attorney and ask them how easy it is to actually protect
pixelated art as an ip play and then be really depressed when you find out it's not that easy
well here here's the action i mean if you just want to know the playbook if uh if you know again
the key the key factor here is it comes with the eight figure check of of uh of treasury but
the the play it's very simple.
Yeah, I'm sure Joe has
a path towards revenue and all that
stuff actually matters long-term,
but I put it
as very simple. It almost
guaranteed
face melder is
you take over the project, you bridge it to Solana,
and good game.
That's it. That's all you got to do. the community will take you from there i think you launch a uh pingu versus owl game um real ghetto
browser based let them beat the crap out of each other do exactly what cap said bridge that thing
over solana become kind of sort of like that project and uh then just go and have a little
bit of fun launch a token or launch a real dgen shit
where it's like you have some sort of pvp game that winner gets to take the nft or losers nft
is burned or something it's deflationary like basically like a hunger games type shit where
it's like winner gets thought about this with women's projects like imagine it into that later but imagine this imagine a world where you do um
you do pv you do have a pvp game of something like of a project that's like not as like like
you announce like hey i'm gonna do this like losers you know uh supply is burned right and
winner gets allocation of a certain token. And you make it worthwhile.
And maybe it's like you have to put a quarter in the machine to play type thing.
So it's like, hey, you play for 0.05 ETH each.
And then you almost make it a gambling mechanic.
Now I'm just describing gambling.
I just invented gambling, ladies and gentlemen. But basically, you each put in 0.05, so there's 0.1 per match.
The house rakes 0.03. And and then that .07 goes to the winner,
or whatever the number is, right?
You need to make it worth the while.
.08 goes to the winner in some sort of a native token.
The other one is burned, so you're kind of putting it up for it.
But if you do it with an NFT project that is, like, you know,
dead or kind of, like, lying there, which obviously Moonbirds is not.
They're one at .7 E floor, E floor or birds is not they're they're one at 0.7
e floor 84 or something so they're doing just fine there but like you know if you have something
that's like uh like 0.01 floor you do a pvp game put the money in the slot you know so it's like a
gambling type mechanic you take a little bit of a rake and uh you give the winner the money or you
give the winner something else and like that's a deflationary mechanic like people would buy those
up and you get a little bit of sales boost
there.
And then you figure out what you want to do with all the royalty
treasuries you built up from those PVP games.
and you could have levels too,
right?
Where it's like,
you know,
you get people who are whales to be like,
Hey,
you guys should go against each other in a game.
That is,
you know,
you know,
one game or something like that.
And then you take,
you know,
out of that,
you take like 0.3 or something.
There's something to be said about like gambling mechanics and burning old nfts that are like dead projects that i could see being kind of a fun little combination thing that would get you
something new and different so i don't know random thought but we can see where that goes but in any
case we're way off the rails so that said i know we're a little bit over sometimes we go till 9 30
sometimes we go till 10 Sometimes we go till 10.
Sometimes we go till 1030.
Today, 1036.
We made it through.
But honestly, really good show this morning.
I always, I was texting Cap about this.
One of the greatest feelings is when there are newsmakers
and then those newsmakers come directly on the show the next day.
So it's like we had Sammy come on as an advisor to Frame.
We had Austin come on from Doodles.
We had Happy come on, who's a Doodles community member, who's a leader in that group. Like, it's always we had sammy come on as an advisor to frame we had austin come on from doodles we had happy come on who's a doodles community member who's a leader in that group
like it's always great when we have these conversations and we're able to get those
newsmakers right on the show to talk about everything they discussed and everything they
talked about so um that was an awesome awesome part of the morning highlight of my day uh i'm
proud of that cap yeah i really enjoyed it. Appreciate all of our guest contributors as always.
And excited, excited
to be officially in this dude's
community. I said
now Mrs. NFT Bar can
finally have back Steve's plus ones at all
these events. I don't have to mooch anymore and
can actually attend
on my, thanks to my own assets.
But Crocs and I will be,
I got a new wingman Crocs.
Now I have to go to a doodles event hand in hand now, since, uh, I don't need,
I don't need to mooch off you, Steve.
You each need to dress in exactly half of the dude outfit, but, um, no, it's,
it's, it's good stuff. And, and, uh, yeah, I'm, I'm excited for it.
Actually, Mrs. NFT Barker has been looking at doodles for a long time.
It's just long purple and pink hair, which are her favorite traits.
They don't go very cheap and they don't fall to the floor.
So we've been keeping an eye out for quite some time. It's, it's something that she's a big fan of and, hair, which are her favorite traits, they don't go very cheap and they don't fall to the floor. So we've been keeping an eye out for quite some time.
It's something that she's a big fan of,
and who knows when she might eventually get a dude.
But good discussion this morning.
Really enjoyed kind of looking at the future
of where this thing is going.
Talk multi-chain, talk doodles, a little bit of Moonbirds.
Had to cover that one as well.
And just overall, appreciate everyone who came by this morning.
With that said...
Mint condition. Mint condition is going to be a banger tonight, I can tell you.
I'm not even exaggerating.
I do believe Chamber's been on a 48-hour meme coin bender.
I think he might have to console Bunch a little bit this afternoon
because Bunch, I think, chased a little bit on whiff
and whiff like a wiffle ball whiff,
not the dog whiff hat kind.
But yeah, definitely,
definitely be a banger this afternoon on, on mint condition. Don't miss that at 4 PM Eastern.
And we'll be back tomorrow at eight. We do have a guest tomorrow. I promise. Uh, I think we may
attempt to slide in the, the, uh, breaking news announcement that we, we foreshadowed earlier
this week, but TBD on that one. Yeah, definitely. We'll see about that tomorrow. So one that's
mid-mike crisis. You keep saying mint condition, going to get you on that one. I, definitely. We'll see about that tomorrow. So one, that's been my crisis. You keep saying main condition going to get you on that one. I still make that mistake myself regularly
mid by crisis this afternoon, a bunch in chamber. It's going to be really good. Like you said,
chamber has been chamber is in his element in his natural element when he's trading shit coins. So
that's happening. So he's trading shit coins across chains now. So chamber is now multi chain
exciting. And you know for us like you know
uh excited to hear about what they have to say there tomorrow morning uh colony is going to be
on we're going to be giving some stuff away looking forward to that cap i'm going to do the
live thing again get back to joey vows and dms about the assets that he's working on there
i'm intentionally not even opening the d i'm not even opening the dm at this point because i know
the request you've told me multiple times i think d joey even tagged me'm not even opening the DM at this point because I know the request. You've told me multiple times. I think
Joey even tagged me in the DGN War Room.
At this point, it's become a bit, and
I've not even opened the DM, even though I
know I have an outstanding request. I need to get him
an asset. So, yeah, I will...
I may or may not send that over today.
Making Joey Val sweat a little bit. But
Colony on tomorrow, maybe
our special guest who has some exciting news.
Also, right back at you.
If you don't mind copy pasting your bio into that.
Google presentation I shared with you,
that would be helpful as well.
Will do.
I will use the one that I sent to NFT Patty.
Look at us.
Look at us.
Steve and I doing a planning and actually doing our,
doing our,
our tasks and duties here live on air.
Great.
This riveting,
riveting content this morning on Spaces.
This is a Coffee with Captain company meeting right here that we're having live on air.
But yeah, so we have that tomorrow.
And then on Friday, I should have pinned to the top.
I felt a little bad with the dunk move, but I do it.
And it wasn't meant to be a dunk.
It was just meant to be an honest thumbs up on it.
Where Friday we'll have a security space.
Wallet Guard.
Mike from Wallet Guard.
Michael from Wallet Guard had tweeted that he was being charged $5,000 to go on a
space to talk about his open source tool and give free advice for free courses.
And I quote tweeted and said,
we are proud to host them on Friday for free with other news,
with other security experts.
So that one's going to be in Friday.
So you're going to want to tune into that.
And then next week we will roll into Christmas.
We'll be maybe on the Christmas show.
We'll see depending on my flights,
but we'll be working on doing it all week.
I just came to the realization that I am blessed with seven hours of
uninterrupted football on Christmas Eve.
And it's just like Christmas is coming a day early for me this year.
See,
but I'm not sure how my family's going to feel about it,
but the fact that I get seven hours of red zone on Christmas Eve,
it just,
it made my day.
Yeah,
that's going to be awesome.
And then next week,
while I will be out of my traditional home base,
going to work on the wifi situation
out of the country in the hotel
to try to make sure I am good to do coffee all week
because we're going to bring on rug radio
next Thursday, locked in now.
Once you have that spaces link,
I will get that from you cap,
more meeting stuff here live on air.
I now will update the invite
that I've sent to them with Loxley and Farouk.
Can't wait to have them on this show as well.
So anyway, that said, good conversation this morning.
We will talk to everybody bright and early tomorrow morning at 8 a.m.
Have a wonderful, wonderful day, everybody.
This episode is brought to you by DGEN Network,
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bringing you the very best content in the NFT and cryptocurrency space.
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Welcome to the future.
