I'm going to start with a little bit of a
Okay, I'll call the music.
Welcome, Seth and Jay Kripsa.
We've already got the request coming in.
We've got the homie, Famous Dill, requesting speaker.
We're going to bring him up on stage as soon as we can.
Yeah, that he's available.
How about the morning, dude?
Come on, buddy. Let's go.
Are we ready to spend all our money on cars and all the luxuries?
Listen, the Fed said it's safe to spend your money, dude.
We all should trust the government.
If they're putting up the money, I don't know where I'm going to get the money.
But if they're putting up the money, the Feds put up the money, I'll buy a Tesla if they want to give me the money.
How much do they love Tesla?
Our government also loves Tesla.
Oh, that's the other thing, too.
You shouldn't buy a Tesla.
Let's go buy a GM or a Ford electric car, which are breaking down like crazy.
And speaking of car, by the way, so some interim numbers, by the way, just to put out there.
So inflation is now 3.1%, right?
Hey, but car insurance inflation is 20%.
Transportation inflation is 9.5%.
Hospitals, services inflation, 6.7%, car repair inflation, 6.5%, homeowner inflation, 6.2%, rent inflation, 6.1%, and food away from home inflation, 5.1%.
Yeah, that really looks like it's a 3.1% inflation, right?
My math is, I mean, I'm pretty good at math, but this is telling me that I'm not good at math.
I mean, is that, I'm kind of confused here.
And by the way, those numbers brought to you by the Kobeshi letter.
So something is wrong with my math, dude.
I don't know what's going on, man.
So I've got the US Bureau of Labor's statistics page open.
The consumer price index or CPI, all the numbers that Jay's talking about, this is publicly available, published information.
In fact, I'm staring dead at an RSS feed of this directly from the US themselves, because then, for a fact, there's nobody else that's twisting the signal.
There's no noise added to the signal.
It's just pure lies from them directly.
You don't have to worry about anybody else adulterating the information at all.
So just saying, man, I've been saying it for, man, I'm getting tired of saying it, because I feel like it's corny, but CPI is a lie.
And we all know this in our gut.
So when you see numbers like that, Jay, when you see that rent has gone up by approximately 5%, I just don't buy that.
I don't see that actually bearing out.
I see the average household paying more than that over the last year.
And in some cases, the delta between what they're saying and the actual situation, it's appalling.
They're telling us, essentially, the Fed is pissing on us and telling us it's rain, with numbers like these.
Yeah, I mean, dude, it's been over since the beginning.
Yeah, it's been over since the beginning.
So I don't anticipate this getting any better, especially this year being election year.
The Feds say they're bipartisan.
They don't care about, yeah, right, whatever, man.
This is all a cluster mess.
So anyways, oh, buddy, this is fun.
Wait, way to start the day with depressing news.
Well, listen, they putting this news in our face.
So what do you want to do?
I mean, I think they're really hoping that this is going to improve buyer intent.
I mean, news segments like this or bits like this, they do occasionally help loosen up liquidity in the markets.
They do occasionally just, you know, people are emotional, right?
So purchase decisions, investment decisions, and clearly most financial decisions, including like, hey, we're going to spend our family's bottom dollar on, yes, on a Tesla and not on rent this year.
Yeah, it's kind of a Hail Mary, right?
This is the weekend for it, kind of a Hail Mary for, yeah, for the Fed to release these numbers, especially right after so much consumer retail spend has been thrown at, say, like the 49ers, some of these NFL organizations or NFL more broadly, right?
So much consumer spending has been taking place over this weekend on merch, ticket sales, pay-per-view, all of the ancillary, right, cottage industries that pop up around the NFL, right?
And the very, very intensely trademarked, right, registered trademark of the shield, right?
Don't you dare touch that intellectual property that could, you know, could get you Disney out there.
But, yeah, plenty of consumer, like, fanatical consumer behavior this weekend.
So, yeah, maybe the Fed is just trying to soften the blow.
Like, it's okay that you blew hundreds or thousands of dollars that you really shouldn't have over the weekend on this massive cultural event because things are improving.
So thank you for bolstering our economy.
We'll just go ahead and we'll scramble the Blue Angels again over at this other stadium, shall we? Because, yay, the economy is great.
So it's a very interesting weekend to get that kind of news.
I think, though, that, yeah, it's been some time that the U.S. Bureau of Labor Statistics has been feeding us a line about all the numbers across the board.
And people ask, like, okay, well, who would that serve?
Like, who's the ultimate beneficiary of giving us numbers?
Well, obviously, that is the $20 trillion question, isn't it?
Who benefits from making us think it's okay to start spending again?
No, maybe we pump Medicare up, right?
Anyways, so speaking of lines, right, back to the topic at hand.
So wonderful blockchain tech kind of news over the, you know, since we were gone, where we have Ethereum coming up with nine EIP upgrades that's supposedly going to make gas cheaper.
Here goes that narrative again, right?
Yeah, this is, oh, I mean, yeah, f sake.
This is going to be fantastic.
Is the theory going to be the next thing?
Since this is a parent, this lovely, you know, wonderful nine EIP upgrades, they're going to make gas pretty much non-existent, right?
Is that the narrative that's going on?
I mean, the Ethereum Foundation has been pretty straightforward.
To their credit, they've been pretty straightforward over the last couple of years about managing expectations in the markets for how long updates will take to roll out in making Ethereum both cheaper and faster, right?
Giving it more throughput.
And a lot of people keep kind of, I guess, projecting some of the ultimate, I guess, roadmap items for Ethereum.
They keep on saying, no, no, no, that's going to happen right now with this upgrade.
And we don't have sharding yet.
There's so many in proto dank sharding, right?
Like, I swear to God, they're making fun of us.
Sir, it's the dank, the dank sharding dank.
Like that guy's name was dank.
He changed his name just so we can control.
And then and then saying it's an early version of it.
Hey, that's hilarious for the culture.
And let's make sure that we put whatever gas money into the treasury is 69 ETH at a time.
Like, so all the memes, right, with some of these early announcements, but we don't actually
have higher performance from Ethereum yet.
We're getting incremental small boosts in performance and incremental tiny decreases
All of those tend to correlate to actual on-chain activity and interest in, you know,
in protocols that that larger groups or that traders might want to use that what I'm saying
is it's no big mystery why the gas fees are lower when they're lower.
It tends to correlate directly to just less chain activity.
So when till there's that scaling, the actual genuine on-chain scaling through sharding
and not proto dank sharding, the actual like, you know, all grown up fully, fully out of
beta version of sharding, we're not going to see a whole lot of speed up on Ethereum.
And even then it's a parallel speed up, which you could say we're already getting right
now with the side chain scaling solutions like even Binance Smart Chain, Avalanche and
then Polygon, let alone, you know, the L2s like Arbitrum and Optimism and then others
There's already some sharding, air quotes, sharding happening if you want to consider
bridging the way that we scale into parallel chains.
So now the fact that there's nine EIPs being proposed right now.
No, I'm not all that bullish on that meaning that we're going to get faster speeds on
Ethereum. I think it's just it's just a narrative that's going to help kick things off in
kind of a neat, tidy dovetail with the Bitcoin halving.
So, you know, all the ethereum's and the and the sort of the more DGN folks in the crypto
scene, they can have, you know, their special news, too, in addition to Bitcoin's having.
It can only be the leapfrog run up of Ethereum in the altcoin season and try to get it to
fully decorate. We'll see.
But they're throwing nine.
Come on. If enough shit hits the wall, can it isn't that what your favorite influencer
What it's going to do it, they're throwing all every garbage they can under the sun,
spitting it with a crap load of technical garbage that the average person won't be able to
You got an influencer narrative of this going on.
Come on, buddy. It's got to be true.
No, it's it's definitely true that they're positioning a lot of people to buy the news
so they can maybe get dumped on.
Like that's so narratives like this.
It's just it's a it's a wall of it's a wall of buy the news events.
And that's rather of a by the rumor events and and hopefully right for the earliest ICO
investors, if they are at a point where they want to divest, then it gives them
opportunities as these roadmap items with the full nine of them gives them opportunity
I said I said that wrong.
But by by the rumor the entire time and gives them nine separate distinct sell the news
events so they can amp up that, you know, ramp up that volume on the Ethereum charts
at the same time that the rest of the markets now, especially the institutions with these ETFs,
start to really ramp up trading volume on Bitcoin.
Right. Whether it's actually on chain or or it's in these these new instruments as
So that's that's my take on it, man.
I actually think that between the lines, that's what we're seeing is that it's something
of a competition between getting getting sell the news events on both Ethereum and Bitcoin.
So if Ethereum is not it is BRC 20, right?
That's Bitcoin, isn't it?
I think we had to talk about this before, right?
I hate to tell you if Ethereum is in it.
I've been meaning to wait for the right moment to break the hard news to you.
But it's obviously it's Solana.
It couldn't be anything else.
Obviously, Ethereum can't do it.
Solana will when it what?
Right. Is that how it is when it works?
Chase, stop, stop, stop shitting on Solana.
Just wait until it works.
It's going to be any second now.
It's going to it's going to surge ahead.
And then XRP will be the standard for international banking settlement.
The next best thing to banks, right, which is which we always known
that it is kind of I mean, what banks use it?
Can you tell me a bank that is using built over XRP?
Yeah, it's kind of funny how much more alignment there is between getting
intellectual property holders to believe in the basis of your NFTs
and the security of your NFTs than it is to get banks interested in your
we're going to change the world money.
Yeah, I'm just going to say there are a couple of people in this industry
who definitely saw the writing on the wall very early or just had like
the most pristine crystal ball tell them that, yeah, things are going to have
to necessarily shift through NFTs.
And we're going to have this kind of messy middle growth phase,
adolescent phase of crypto where NFTs are important.
And it seems like, frankly, Jay, I think that's frankly, the reason that
polygon was able to start securing these relationships is because it
secured IP first in NFTs in a way that was credible to your Adidas and
your Disney's and your other luxury brands of the world.
And so I think that's those were necessary steps.
And as much as we like to talk about influencers versus people of
influence, there's a similar kind of connection graph in big business,
right, in larger industries.
And I think, yeah, showing that you can you can handle intellectual
property very carefully on your chain.
It instills enough confidence to get the financial partners into.
And I think that's what we're seeing with JP Morgan.
Yeah, but that was when did they do their first one?
I can't remember when they did it.
They had they they started toying with polygon,
building a closed ledger type of system before.
So they technically have kind of two systems in place.
So apart from Onyx, they have another one.
I can't remember what the other one's name is if you do.
But yeah, and that's kind of like before the IP, you know what you were
talking about. So and looks like they kind of bagged the winner because
what's, you know, compared to obviously, let's move that out of the way.
BSC, the international stuff, you know, blah, blah, blah.
Take that out of the way.
Let's look at uptime scalability and so forth.
Gas fees, all that good stuff.
I think they kind of I don't want to say settled, but they did settle with
something that, you know, is kind of I want to say safe, right?
I mean, Sundeep and and his and his core team looks like they've been
playing well with others quite a bit.
So that's I'd say that's pretty much the safest bet that they can get.
Yeah, no, I think you're right.
I think that there was enough technical merit then.
I mean, there was always as part of the design scope that the
Tendermint consensus was something the polygon did that was genuinely different
and has created something of an SDK for a lot of other chains, right?
They even call it their their chain development kit now, right?
CDKs for for some of these other these other chains.
But I mean, that was not that wasn't part of the roadmap at that time.
Tendermint was there is something that has been almost magical about the the
projects that have integrated Tendermint as a consensus protocol because both
polygon and Cosmos Hub, they are, you know, in my opinion, they're going to leapfrog
other projects have been kind of there's a slingshot effect, right?
Or a leapfrog effect that they've had from that time through last cycle where
they had a great run up a lot of a lot of a hype, but now so much more functionality
being built and zero breakage in consensus.
And that's been the problem of Solana, right?
Oh, all this throughput, all this, all the bandwidth in the world.
Look at all these bots, you know, running all these running all these transactions and,
you know, and washing all these coins between their their their their different wallets
and the on chain metrics of Solana just proven like, no, you're you're getting ready.
Like, you're going to get DDoSed again, right?
You're going to get attacked again.
Your chains going to go down again.
But Tendermint just keeps chugging along.
No outages, which generally speaking, wait, wait a minute.
Didn't Yavanko said that his name, right?
I forgot his stupid name.
Didn't he say that Solana was upgraded to resist DDoS?
And then wasn't that that was a whole argument for them.
Well, I don't want to go too far down the rabbit hole of whether or not the the actual network
itself is compromised or whether or not the the the smart contracts will just call those
the rail cars running on those rails, whether or not those are compromised because nobody's
using best practices there or whether or not the the mindset of the developers jumping into
Solana may be compromised because they keep on creating projects that just don't they don't
have legs. There's no way they can go the distance based on based on some of those.
Yeah, some of the shortcomings.
But yeah, I'll I'll I'll just agree with you to not disagree.
Yeah. And I just want to talk about Solana anymore.
It is pretty obviously it is pretty obviously coming up with some of those those those
partnerships. Early on, I think I think that there there has been kind of an agreement that
there is enough security and that the bridge that the that is a trusted bridge, at least
the first one was a trusted bridge, but that that's enough perimeter security into the ecosystem
and that the security on chain and the consensus on chain is strong enough that Polygon can be can
be trusted even more than heck. Even Publicis 45 launched a collection on that not Solana,
right? Not Solana and not Ethereum. There were there were decisions made there. So I think
there's clearly strong alignment in some of the largest businesses, the largest domestic
businesses in the United States, and largest domestic IP holders. And then, you know, and
then some of the largest, most recognizable celebrities, right, who were formerly president,
they they all seem to be choosing Polygon. But it doesn't mean there aren't there's not merit
in other ecosystems, right, and merit in other projects. It just means the bar is pretty high
because of all of these partnerships and all of this track record, right, the real traction,
where you can prove like, nope, people, the people have spoken, they've spent their money here,
right, with with these groups on this chain. But it doesn't mean that competition isn't welcome.
And clearly, we all want we all want a real contender, a real challenger to step up and give
us some options. And away as you know, either retail investors or you know, other investors,
to see more alpha through that competition or see, you know, see a real, real opportunity to gain
from that competition. But I'm seeing we may have some spicy hot takes in the audience invitations
are going out. So don't be shy. Join us on the stage. We are we are going to talk about any
blockchain that you want to shill. Unless, of course, you're an actual shill that's going to
struggle to do anything other than just shout over us. But tell us what projects if if if it
Oh, look who just came. Holy hell. Wait a minute. Ladies and gentlemen, I got to I got to do this,
dude. Let's go. Is that is that is that the great cheese toshi? What's up? What's up,
brother? Oh, he's having my trouble. Can you hear me? There you go. You have like an OBS with
twenty five receivers and you can get one mic to work. What are you doing, buddy? Let's go.
Yeah, you're you're you got to you got to check again. Yeah, dude. But but welcome back. Welcome
back to here. He's got he's got some mic shows where we can press on. So yeah, no, talk to us.
Listen, if you have a project built on a block chain, why did you choose that block chain?
Don't you show your project? Why? Why you chose that? Right? BSC? Oh, because it's a
rug. No, because TVL or volume, whatever is there. But I mean, just just still looking at
still looking at at at at least with TVL wise, you know, I mean, you have Ethereum,
Tron. I mean, it was the last time you came across a project built on Tron.
That I mean, is that is that a thing? I mean, I know just lend is there with a bunch of wash
lending, whatever. But outside of that, what what have you seen? I haven't really seen
anything at all. I mean, that's it. Allow TCP. I mean, I'm sorry. Yeah.
Yeah. Here's what I've seen of Tron lately. What I've seen a Tron lately, and this is kind
of true over the last couple couple of years, is that the the amount of tether supply that's
printed on Tron has gone up and the number of services that accept tether on Tron has gone up
because of tethers policy of redemption, right and conversion and bridging. So any exchange,
even even the ones that would, you know, are kind of decidedly anti Tron that don't offer Tron
itself, right, the TRX asset itself. They don't even offer that they do offer inbound transfers
of tether on Tron to decrease fees for users. So that's a very interesting development in that.
It's like, okay, like, like you said, oh, yeah, Tron, all I see is wash trading. Well, it makes
perfect sense that there would be a stable coin on there in massive supply to help facilitate any
of the protocols that are on there. And yeah, there was USDD. I think that was the the native
sort of UST clone that was that was made on Tron that nobody in their right mind should touch,
right. It's a almost a direct fork of the anchor protocol that that buried Terra Luna.
But there's a need for other stables on their chain as well. And everybody there would know
that to match some of the liquidity that's in ecosystems like like USDD, they would need some
other stable coin pairs that have some real backing or at least are acknowledged to be
to have price parity with the dollar. So that's kind of what I've seen in Tron is that it's like,
if you say there might be some wash trading there. Well, I think maybe, maybe with all
those stable coins on there. Yeah, maybe that's exactly what's happening. But, you know, I mean,
we want to make a billion dollars. There's $6 billion in TVL and just lend the loan.
Have you heard of anybody use just land? Just just kind of saying, you know,
certainly, I tend to think that we're that we're out there in the in the, you know, in all sorts of
different levels of exposure of networks. So that I haven't heard one person say that just lend is
bullish. I know. And what I will say is that on the KOL side, you talk about within our networks
on the KOL side, I know a lot of people who are getting who've been offered increasingly larger
checks, right, or increasingly larger bounties to represent Tron or to speak at Tron events or to
host Tron events. So some of your favorite North American influencers, please don't begrudge them
if you see them holding a microphone and MCing an event for Tron. I don't know if it's because of
their, you know, intense personal conviction for that network. I think I think it's really just
that Tron is is ramping up their marketing spend. So do with that what you will, they market a lot
to Western people. But do you know anybody in the West that's actually using it? Because yeah,
I can say I honestly don't either other than other than stablecoin transfers. That's the only use
case I've heard from people in the West West. Yeah, I used to use it. Yeah, she still she came
off mute. And we need to hear that again. Yeah, you're, you're kind of you're serviced out. Yeah,
you might you might just want to come on. Come on cell phone, buddy. Let's go.
Okay, I'm bringing up I'm bringing up BSCN gaming for a brief for a brief meet and greet,
you should have mic access. Go ahead. And let's let's meet a new person BSCN. I don't know who's
behind the network for BSCN gaming. No, this is that this is kind of Yeah. Let me take a wild guess.
Um, you're, you're on what? Arbitrum? Is this arbitrary? I'm kidding. No. No, you can just
talk. We kind of have a kind of kind of easy whatever. Yeah, you don't need to raise your
hand or anything. You're good to go. By the way, what's up, folks? I'm talking to you from a
slightly different face. We met before on one of your shows, Seth, we had a really great discussion
about AI, and some of the deep philosophical issues. And we went on to workers basilisk and
several other things. I saw your show and immediately jumped on. And just back to some
of your points earlier, I think there's some really awesome observations there. I like to round it
down by simply saying that a lot of layer one chains that are super fast, cheap and scalable
have this problem. Because the cost vector for carrying out large spam attacks, dos attacks,
or just watch trading is effectively zero, right? It costs you nothing to do these transactions on
chain. Therefore, a few actors can drum up all sorts of insane numbers and slosh around this
liquidity with zero cost. And whether it's Tron or the attacks against Solana, I think we're
going to see that increasingly become a problem. And that could be sort of competing chains looking
to dominate a competitor and make life difficult for everything on there. Or it could just be a few
pieces of software that have been set up that run just AWOL and break and essentially end up leading
to some of these problems. But I just thought I'd add that. That totally agreed. I mean, it goes
beyond having whatever your crypto kitties moment, your sunflower farm moment. But when it seems like
a more obvious case of industrial sabotage, right, between other projects, which, you know, we've
seen where we've seen it here in crypto a number of times between projects. And many people just
didn't haven't known what they're looking at. They haven't understood what they're looking at.
But I agree wholeheartedly. As price action goes up, as the incentive goes up to smear a competitor,
we'll see exactly that. The financial incentive is chased to smear competitors. And the easiest way
to do that in blockchain is to, you know, if the folks are in it for the tech, make the tech look
bad. So yeah, more DDoSs. That's yeah, the DDoSs will continue until morale improves in the crypto
markets. In it for the tech, who's in it for the tech? Well, I think it raises a bigger problem,
right? I think perhaps over the last four to six years, we may have forgotten some of these bigger
discussions like the blockchain trilemma and why some of the older systems architectures were the
way that they were. They had considered these problems. And I think in a good way, it does
bring the thing back to the center again. Oh, okay. Well, maybe we need to actually focus on
some of these deeper problems. We might have compromised entire network security in exchange
for cheap gas, or we may have compromised decentralization in exchange for scalability
and fast transactions. And as this industry scales, I think we might be in for a bit of a rough ride
where some of these floors are opened up. And like you said, sometimes it could be billions of
dollars at exploitation by malicious actors, competing chains, large financial institutions.
I don't know anybody positioned well enough to extort that really.
Oh, yeah, the remote burning, the scanning behavior will continue as well. It's only
going to amplify. But I guess on the one hand, it's mixed news that the scanning behavior will be,
I think, probably more thickly veiled through careful obfuscation, right? And through carefully
crafted smart contracts that allow for burning and minting functions to be more cleverly hidden.
So yeah, I mean, unfortunately, this is the game. It's the cat and mouse game of security
on that side of the blockchain trilemma is when you get people to willingly opt into smart
contracts. Well, you're no longer talking about base level security, right? Fundamental security.
These are opt-in policies. And people seeking alpha are going to occasionally sign a smart
contract with their private key that gives permissions and allowances. And we're not getting
rid of the scams is what I'm saying. So if we're not getting rid of the DDoS behavior, we're not
getting rid of the anti competitive behavior between networks, we're certainly not getting
rid of the scanning behavior from smart contract issuers on those networks. And in some cases,
I think we're just going to see those grow. Right with the recent, from last cycle to this one,
the recent, like, uptick in multi chain, DEXs and multi chain bridges and everything going
multi chain, it seems like every major DEX has a minimum of a half dozen chains supported.
What could possibly go wrong? Well, when we start bridging a lot more of those chains,
seeing more of those smart contracts that historically only scan this on one chain,
go to the multiple chains, we'll find out really fast, you know, what the multi chain
DEX movement has brought as a, you know, as a, yeah, a second order, negative, you know, side
effect. But yeah, I that's my that's my prognosis that we're gonna see large scale hacks like we
saw last time, the difference is people will sign with one key pair and get scanned on multiple
chains. And the evil word is bridge, sir, bridge. Yeah, yeah, exactly. Yeah. So imagine that some of
these these some of these smart contracts may have bridge access or bridge allowances baked in.
And that's where I think with some of the newer ERC standards, some of the newer EIP standards
for Ethereum, that will trickle down to the other EVM clones, right into your avalanche sea chains
and your polygons, whatever else. I think that we're going to see a lot more of these. And it's
not that the ERC 404 is like inherently evil or bad or whatever, but I think we're going to see
more of those experimental standards ramped up into popularity really fast. That's that I think
is a scammer's like playground, it'll be like taking candy from babies. Well, remember what we
know. I agree. Oh, no, go ahead, buddy. Sorry, sorry. Sorry, that covers privileges, my friend.
Cheers. I have you all forgotten 2021, the Polygon bridge hack, almost a billion dollars,
850 million. But that that wasn't so much polygon. Yeah, that wasn't polygon. That's right. That's
correct. Yeah, I think it was a bridge to do with polygon or something along those lines,
it was bridging polygon to ETH, but not directly involved with polygon or their team. And that was
in 2021 and narrowly avoided because I think somebody turned that hack in. But had they taken
advantage of it, I probably would have decimated the entire system. But just imagine two to three
years from now when this industry scale to a much, much larger degree, and we've become a lot more
comfortable with this stuff. And then bam, a two billion dollar exploit, Jesus, that's going to hurt.
Yeah, I don't think Poly Network has anything to do with polygon. It's just had to have poly in it.
But yeah, that's I think it was like 600 million that and I it was a whole kind of drama thing
that happened with with the actual person. They ended up I don't remember if they docked him or
they found him or something like that. He ended up returning some of it or didn't return some of it.
I can't remember what it was. It was pretty, pretty awesome. Yeah, but he did. I mean,
he did return some of it. And yeah, sorry, he returned some of it. No, no. And it was one of
the moments where it was like, you know what, I'm almost not even mad at this guy. But there's
something about that, that particular one where it was like, you know, you got away with it free and
clear. And it's not that code is law. It's just that the way that you the way that they executed
the exploit, it was like, man, it really is kind of up to them whether or not they want to, you know,
air quotes, be nice about this and get them give the funds back. They really don't need to.
The best way to get your crypto right. No, so. But what so if we don't if we don't bridge,
then what do we do? Right. And here's and here's the other thing. Just remember when I was looking
to say this earlier, the other day where we were with one of our clients and we're asking them to
implement these newer blockchains. Right. And what were the default? Do you remember? Because they
didn't have messaging. Yeah. Do you remember what they were defaulting to was wasn't a wormhole.
So they were they were all using wormhole. So again, ever even these newer ones, they're all
defaulting to. Yeah, that's great. And yes, it's the messaging, not so much the bridging,
but still this one entity is controlling pretty much a lot of crypto. And what happened with
wormhole a few months back or a year back? Anybody knows? Oh, it got destructively hacked. Oh,
that's fantastic. Yeah, but looks like we brought up a case. What's up, man?
We just released crazy on Ethereum.
I don't know. I don't know what that is. But yeah, but no, we this is this is more.
Yeah, can you hear us? Tase, can you hear us? No, you there? I think he might be in a position
where he's not where he's not hearing part of the hosting group. They taste their boss can hear in
five days. Fucking building it and I'm shattered. There you go. That that that's all that. Yeah,
I don't know. Maybe he OK. He he he put he put his headset down. He said, I'm not going to hear
anything anybody says because I want to show my stuff. So here's what I'm going to do.
There we go. That's fantastic. Listen, guys, just be respectful.
You know, that's it. You can sell your project. But you know, just you know, the the the sentiment
of today's of today's podcast or pretty spaces, it shows your blockchain or just let us know why
did you choose like that guy? If you were to came in. Hey, you know, I built this project,
but it's on Ethereum. Why? Why are you going to rug your people? OK, never mind. Yeah. Anyways,
on to the next one bit BSCN. You don't have to raise your hand, buddy.
I will always, you know, you've got me Googling. I had to go back and revisit this wormhole.
Again, I had forgotten about it, but dude, three hundred twenty five million dollars,
the third largest hack. There was an exploit after a supposed security fix.
Um, yeah, geez, that's not cool, man. Yeah, a lot of bridges are money.
Yeah, it's it's a weird thing. I think I want to even question the whole metaphor. I mean,
bridge, it's a very misleading match of metaphor. You're not actually carrying your assets across
anything. You're you're locking them up in a small contract and you're minting fresh tokens
on the other chain. Right. Too many touch points for something to go wrong.
Right. But like you said, the some of the primitives of other of the previous blockchain
cycles, we stopped talking about a primitive, rather a low level swap feature that atomic swaps.
It's fundamentally different from bridging. But we stopped talking about it. That's something
that UTXO systems or networks like Bitcoin touted as a feature and that they successfully implemented
rather on the Manero research lab side between Manero and Bitcoin. That's why, for example,
Manero was was so resilient to being delisted by Binance. That would have been the kiss of death
three years ago. They would have been. I mean, not for Manero, even still, because these. No,
come on, dude. You're crazy. You're crazy. No, dude. How many times have been delisted
and relisted back and forth between exchanges, all that garbage, right?
A.T. Toshi, you're you're you're I don't know. You're like in a really bad area,
but it's still it's still a little. Yeah, yeah, it's still a little like like choppy back and
forth, buddy. Good. Good old Texas. Whoo hoo. But he but you think this.
The listing of Manero now, I have a feeling it pretty much wasn't strategic as opposed to
Binance going through all these legal proceedings with, you know, the U.S.
So in the U.S., not liking privacy coins. Right. So that's that's where my speculation goes.
Right. We will never know until we know. But, you know, putting two and two together, that's
kind of kind of the you know, my my ideology on this is that, you know, Binance delisted Manero
because they were asked to or they just kind of preemptively did it to show good faith to the U.S.
Right. Since they had to settle how many billions of dollars give up CZ, you know, all this other
stuff. So I don't know. I think it's it's it's a lot smaller of an issue than, you know, a lot of
your favorite influencers make it seem to be. Yeah. So here's the thing I could give you my
opinion on it, but I'm dying to hear what Dill has to say about Manero being delisted by Binance.
Dude, give us a straight doe. Why did they do that? First off, are you still with us? And why did they
do that? Yeah, I'm here. I'm here. I don't know. I have no idea about Binance delisting Manero,
but probably because it's great for money laundering and other nefarious use cases.
But that's also what makes it so amazing as a cryptocurrency. Right. But, yeah, on the topic
of bridging and stuff, I mean, I agree that there's risk with it. But in a situation where
it works correctly, I think it's great. I mean, I think interoperability with different chains
is good. There's always going to be some security risk somewhere. I don't quite know the difference
between atomic swaps and cross chain bridging. I know all about what cross chain bridging is,
but I guess I don't know what an atomic swap really is. So that's that's a bit interesting to me.
Awesome. OK, well, let's let's here's a high level overview of bridging versus atomic swaps just in
a nutshell. So and I apologize, brother, because I've forgotten your name, but the account behind
BSCN network had brought it up that bridging right now is a system of smart contracts that locks up
the native asset and then engages in minting. It can engage in other holding the native asset from
the supply on one chain and then minting a corresponding token on the other the other chain.
Or it can just essentially be a centralized liquidity pool, a semi centralized liquidity pool
by any other name. That's why when you go to bridges, it'll show you the approximate
available liquidity there, because there are others who are locking up their liquidity in
some type of a smart contract or just marking it as available in the smart contract and then
executing it similar to how liquidity might work in an automated market maker,
which is it's not I don't want to make want to make it sound simple. It's not it's a complex
process. That's why Uniswap was so bloody useful right when it launched with the DEX AMM features
are being able to line up liquidity pools. But it's the bridges probably have a little bit more
in common with an AMM than they do with this. This other method of getting assets from one
chain to another, atomic swaps, and atomic swaps, they're different in that the both sides of trade
are lined up and then directly done between two people peer to peer. So you can show it's
how to even describe it any better than that. There's no there's no lock up. There's no minting
and burning. I guess it's the major absence of that feature on atomic swaps is that there's
there's no smart contract lock ups, minting or burning. It's really just a transfer of the
native assets from one holder to another. And then, and that can be done. That can be done
through messaging that can be done through some other, you know, somewhat simple underlying
components, air quotes simple. But it's it's actually also pretty complex lining up the trades
from one chain to another. But there are some projects that have done it successfully over the
years. And they've done it successfully between multiple chains. So that when you engage in an
atomic swap with another user, you can be you can know that it has finality like, you know, baked in
that you will definitely execute trade with that that other either on the maker or taker side. And
unlike bridging where you might have to wait, you know, sometimes they even manage your expectations
for hours, right? They'll tell you it's gonna take you two hours to get your funds across this
network to the other. With atomic swaps, you're moving at the speed of each chain. So if you're
interacting with Bitcoin, 10 minutes, 60 minutes to get air quotes, full confirmation, right on
on Bitcoin, we, we consider six confirmations to be totally final on Bitcoin, even though it's kind
of a formality, but 10 minutes to get a zero confirmation transaction, push through and just
see, okay, well, I didn't bridge, I did an atomic swap into Bitcoin. So you'll, you'll see that
reflected at the highest speed that Bitcoin can move, right? So 10 minutes, but other chains like
Ethereum, right? If you're if you were executing an atomic swap, 15 seconds, if you're executing
atomic swap on on BSC or other similar networks with a slightly lower block time, then then faster
than than 15 seconds, you'll see the atomic swap initially executed. And then confirmation blocks
being printed in on top of them are being organized on top of them to lock that in. So I don't know if
that actually is it being like, is it being proposed on chain? Like when the transaction
first goes in, is it then looking for the swap? Or is it already somehow confirmed as a transfer
by the time it hits the blockchain? Yeah, by the time it by the time it hits the blockchain,
then that's a great question. So I don't I don't architect these things, I can I can describe them,
you know, high level here. But but it is more along the lines of yeah, lining up both sides of the
trade before they hit the chain. So the coordinating side is what's difficult routing is what's
difficult. That's why bridges became a favorable, you know, method path forward, because, you know,
people just they want the convenience of saying, okay, I've got $50,000 of tether on, you know,
whatever on BSC, I need it on polygon, because there's a useful, you know, there's a liquidity
pool I want to go contribute to over there, or I don't have on ramps from, you know, from BSC
onto Coinbase. And so I want whatever my $50,000 worth of USDC. I want that on a network where I
can pull it into my Coinbase account. And I can, you know, I can realize some gains. So people,
you know, they haven't they haven't thought like, what would be the what would be the best way to
execute this, they just want to know what is the for me as the end user, the least painful way to
do it. And bridges have seemed like that solution for a couple of years, even with the hacks, people
have just been willing to take the risk. But atomic swaps would be better for sure, like,
infinitely better. The SCN network, what's on your mind?
You know, that's really interesting. This is going to sound painful to some I've never actually
engaged in an atomic swap. But now that you've spoken about it, I think it's a great time to
go and give that a go. I'm still going to argue, though, I think sending cryptos to an exchange
like Coinbase just still seems more safer and much more user friendly than, you know, than a bridge
till date. It is it is it is safer until the exchange blocks you, right? It's good until it's
not that that's that's that's how I also use bridges. Like a lot of times bridges will be helpful
because what mine your business said, I think is like sometimes the exchange I want to go to doesn't
have the target asset or something like that. Right. So or I want to go to a different chain that
right, like wherever I'm going to, they don't have the right asset. So that's typically why
I'm bridging. And I use bridges a decent amount. And I remember when like wormhole got hacked,
I had been a wormhole user, but it didn't really affect me. And they like, had plenty of money to
fix the situation. So if anything, that kind of just made me say, all right, bridges are fine.
So the hack didn't if any, the hack almost made me more confident. And at least at that time in
Solana and their bridges, because I'm like, all right, well, I guess they just have enough money
that this is going to be safe because if something goes wrong, they're going to back it. So I don't
know. Yeah, but I mean, if you look forward into into the let's let's fast forward a little bit.
And one that did affect a lot of people, because if you were bridging, then you were probably using
some kind of multi chain router and multi chain rugged. A lot of people, as a matter of fact,
more directly are one of our partners, the exact same day that multi chain got historically rugged.
But he was bridging over. And this is I kind of pounded his head that bridging is the most
horrible thing you could do. But he did whatever people like to write themselves. So yeah, using
bridging, I forgot what he was bridging over. It was easy to something else, or maybe something else
to ease. And his transaction got stuck in the nether. Yeah, that's, that's great. And yeah,
so it happened to a lot of folks. It's, you know, listen, you're taking your assets and hoping
that it comes out on the other side. That's all you're doing. You're hoping that it comes out on
the other side. I don't know about you guys. I don't live off of hope. I try to give myself
as minimal risk as possible. So I always manage my portfolio, manage my funds and money. Just
remember, we are in the money transaction world here in crypto. Yes, blockchain fantastic as tech.
Crypto is the money aspect part of it. That's the money go up or down or transferred. Whenever
there's a transfer, somebody always wants it, or they want to delay the fact so they can pay you
later. So but you know, that's that's my personal viewpoint. But yeah, this is this fantastic. Yeah,
kind of memories on a multi chain. Let's not forget that.
Yeah, no, that's definitely there's some folks with PTSD for multi chain. That was that was
traumatic for some. But yeah, so on the exchange side, though, totally agreed that the you have
some of the same counterparty risks, though, or even some of the same risks, right, that you do
with a bridge in that, like you said, they might not have either the asset that you're looking to
to exchange into, or they just might not have enough liquidity to cover the position that you
need, right to cover the size that you need. Or you may find that on that exchange, that the amount
of available liquidity just doesn't, because you have to take smaller tranches that you wind up
affecting the chart. I mean, that's also just a question of shitcoining, right? Like, air quotes,
getting involved in assets where you can move the market by yourself as a solo retail participant,
like that's that's a risky game in and of itself. But but exchanges do introduce more of that risk
in that there just might not be enough liquidity available. And one example is some of the
exchanges that did hold on to Monero, when Binance delisted, and it went on fire sale,
everybody came in and bought up all the available liquidity, it was just gone overnight.
Monero almost couldn't be found anywhere. Because for people who are, you know, true believers in
Monero, they saw it, you know, take a 30% haircut, and it was like, damn, I'm gonna, why
wouldn't I get more of that right now? Like, this is the time to acquire so, or to accumulate. So
there are issues there as well, right, even on centralized exchanges. If they tell you that they
have, you know, perfect liquidity on, you know, on every exchange, or every order book of every
single asset, something's kind of fishy there too, right? When you go to a centralized order book of
an exchange, then you're kind of at the mercy of the people who run the that exchange, not to lie to
you, right? Because now there is no on chain sleuthing that you can do to verify that they will
definitely be able to cover all of your positions. Many of them will say, Oh, yeah, we run multiple
wallets, you can't just you can't just use on chain for us. And then certainly with certain assets,
that's just harder to, harder to track down. So, so yeah, risks everywhere. And like Jay was saying,
also the risks of you take too much profit out of a given exchange, they'll shut you down. I had a
relationship with an international exchange that literally today emailed me and said, Oh, yeah,
you're in the US. Bye. We don't like you anymore. We don't. The US regulation is scary. So as an
international exchange, we just we can't accept your your crypto anymore. So all kinds of risks
on every side, but atomic swaps do eliminate those risks, some of them anyway.
What what do you guys think about like the base blockchain with like a native environment around
bridging ETH over? I'm not sure if it works the same way as other bridges, and it is backed by
Coinbase. So it's a little different. But I think that model is pretty interesting.
Yeah, no agreed. So base, base is actually, it's a fork of an L2 and several of the L2s
when they're when they're architected correctly, a true L2 to Ethereum should use Ethereum as the
native gas token on the on the second layer. So that's why you have that tight integration on on
base, is that it is architected as an L2. It's not just another chain. It's not just a side scaling
solution, but more of an L2. The issue there, though, Dale, is that now you've got you've got
the one native gas token that can that it looks like it's seamless, right? Like, oh, cool, this
chain to that chain. But it's kind of a parlor trick, because it's custom built just for ETH.
So good luck doing that with other assets that you might want to seamlessly bridge into base. It
doesn't quite work the same for other assets. Yeah, right. I agree with that. I mean, I think
it's pretty interesting because Coinbase is one of the only businesses which could sort of create
this L2, maybe without needing the incentive of their own token to kind of pump their own bags,
if you will. So I think it's pretty interesting to see where that will go. I mean, for the most
part, every other chain is at least they're trying to sort of brand themselves away from
using the ETH as the native token or, you know, I think almost every other one. I'm not familiar.
I guess this is the first time I'm using an L2 that really keeps ETH as the native currency. I
mean, is there another one that does that that I'm discounting? Well, if I'm not mistaken. So
base is a fork of optimism, right? It's that became kind of the design choice for. Yeah,
I thought it was. Yeah, that's right. Yeah. Base is actually like based on optimism. Yeah. So I
guess that's the yeah. And I think optimism was that that was part of the design scope for optimism
was being able to use ETH as a as a gas token. But I mean, like you're saying, the thing that
other L2s like Arbitrum are discovering is, well, you know, we maybe we don't have to use our own
native gas token. But man, it sure is lucrative to have our own token when we have our own network.
So why not? Right? I mean, unfortunately, the incentive in terms of game theory,
strong financial incentive tends to win the day. So even when you have those strong ideals.
Like, well, it remains to be seen. Because that might be the better model, like just the marketing
of having a token might bring people in, or we might find that maybe base has its own big
winners. And those tokens accumulate the value that would otherwise be going into the main token,
right, the native currency. And I'm interested to see how that plays out. I think that's possible.
But I really, I really don't know. But I do know that it's amazing marketing to have your
own native currency and token and so many people are going to buy in just for that, right. And so
many people do just buy into that. Like, a lot of people, especially people that are bigger investors,
right, they're going to stick mostly if they're going to go outside of Bitcoin and ETH and stuff,
they're probably going to spit stick to native currencies on chains. So I'm interested to see
how that all kind of plays out. There's just a lot of uncertainty and, you know, different models.
Nobody has, like, the model for bridging or the model for swapping cross chain. I mean,
a lot still remains to be determined, right? Well, actually, yeah, this is what is frustrating spoken.
I was going to know I was going to say real quick. No, no, no, Jay. The market has kind of spoken.
It kind of spoken on base. So base friend tech, you know, the lovely good old cash grab. They've,
I mean, if we're looking at if we're looking at the success of a blockchain, right, forget the
money part of it. It's kind of hard to kind of do that, right? Forget the money part of it, because
that is how we kind of measure, right, as investors. But let's look at a tech. What real tech,
revolutionary, groundbreaking man, you know what, I can run an entire, you know, website on. So what
real tech does base have that makes it so important? Please tell me. And I'm not not
not challenging like that, but I'm just kind of putting it out there, whether it's rhetorical or
not. That's it's kind of an obvious thing, right? It is absolutely nothing revolutionary, right? You
know, look at if you look at the transition of of an exchange chronos by, you know, being a
cosmos for it, the same shit, right? The same thing, right? So chronos did it. So now
Coinbase had to do it too. I mean, that didn't make any any sense to me at all, because it's
nothing special, at least from my viewpoint. And I've looked at it pretty technically. But,
you know, if I'm mistaken, please, if I'm wrong, let me know. And yes, of course, because it's
Coinbase, right? And you would think that Coinbase being, you know, government, you know,
oversight a little bit, regulated a little bit, not so much yet, just, you know, forget the stock
part of it, right? The public IPO part of it that is, that's a complete different sector than
the actual crypto part of it, right? So if you're if you're looking at it from an aspect like that,
you know, all these institutions are going to flock through in there, right? Coinbase is the
gateway for OTC, for the government, for, you know, institutions, banks, custody, all this stuff.
That's fantastic. So by nature, by nature, this DeFi part of it, right, that's supposed to be
disconnected from Coinbase is going to be the next best thing. But yet, the market is kind of a
little bit spoken of it. It's nothing special. Right? I mean, the the transition from all of
these, and this is, again, today's topic is shows your blockchain is why, why all these blockchains,
right? Why, why, why did they choose who they chose to build over and order order order fork,
or to whatever, you know, the transition from all of these chains, whether it be, you know, from
the OG ones to the brand new fresh ones, right? You look at the fresh liquidity going in there.
And then what is what transition happens? The rugs, right? You give it a DeFi aspect of it. Oh,
my God. So base was okay for a second. And then the rug show just came and good Lord, it's siphoned
liquidity like crazy. It from out of there, right? Because they they took it and they went somewhere
else. Now they're waiting for the next great next and not really next and greatest, but just the
next and freshest right next fresh hype, right? Manta, you know, blast, whatever else. Oh, my gosh,
whatever other crazy need to come out with. So they'll I understand where your your logic is
coming from, which I would like to think that as well that this dude this coinbase is the institution
chain, right? So it's cracking. Don't forget cracking washes institution money to whatever,
you know, so they it's there, right? Crypto.com not so much more for Europe and overseas,
but at least for where the meat of liquidity of crypto comes from. It's that's where that's
where it's defaulted. But so so how come that has a transition over? Well, it's again, it's
it's nothing special to me from where I've seen now. Now, if we take that tech out of it and let's
look at the money part of it, right? They they I think they're struggling to keep 300 mil in TVL.
And that's not including some other kind of little DeFi stuff. But what? So where is this?
You know, where is this going to head? Where's it going to go? Right? There's only so much you
can do to a cosmos for right or or OP fork or arbitrary fork or whatever fork of you can do
or whatever. However, you know, flashy you want to make these chains, right? So there's only so
much you can do because guess what? You forked it, right? You did not. You didn't make it better.
You just copied it, right? You script kiddie it, right? That's the old school term, right? Script
kiddie. Yeah. So you you you forked it and you're just waiting for them to upgrade so you can
upgrade yours, right? So look, look at this Ethereum stuff that's about to happen, right?
With its nine EIP upgrades, that's going to allow for some extra scaling of these other L2. Well,
why didn't those L2s do it themselves? Because they're limited to this. So yeah, I mean, it's
one of those things that that if you just follow these breadcrumbs and you really look at and
maybe, I mean, at an ultra technical level, maybe, you know, it's it's, you know, beyond some kind
of understanding. But hey, guess what? That's what, you know, AI is here now for, right? You can ask
chat GPT, you can ask Bart, you know, simplify this for me. Why is this viewed this way? Or why is
this viewed that way? And is it revolutionary, right? It'll start giving you some opinions,
but you got to kind of, you kind of kind of have to peel the onions to it, right? And kind of keep
asking it, you know, digging in deeper, digging in deeper. And as the as you dig in there, you're
going to start noticing, wait a minute, hold on. It's telling me there's nothing special here. So
what's all this hype about? Oh, because it's new and it's fresh. That's it. That's all it's there.
Now once the freshness goes away, start stinking, right? So yeah, but again, I could be wrong. But
listen, hey, we got some new peeps up here. Let's let's let's let's talk to these guys. We have cash
per cash per real cash per oh, instead of Casper. What's up, Casper? You got so honestly,
when I first friend told me about this space. Hey, nice to meet you. Thank you for having me up here.
Yes, sir. We just launched a token and I'm a big believer in community and growth. And I think
there's a whole bunch of chainsism going on in the world. I think too many people like when you say
look, you know, show us your blockchain. People do you know, they get a native chain and they're
just like, you know, this is it. This is where I live. This is my home. And I think that really
inhibits growth for a lot of projects and a lot of communities. So I actually just launched a token
called crazy on ETH a couple hours ago. It's the third token that we've launched from my community
in the last 30 days. Each one is on a different chain. We launched cash on Avax first. And then I
think three days ago, we launched on soul. And so we just launched crazy on ETH and every token that
we launched from here on out at least for the foreseeable future except for one that's going
to partner with our soul token. We're going to try to get on every blockchain because, you know,
you obviously all chains have their benefits and their weaknesses and everything is not for
everybody. But if there is a community on that chain, right, and you can be a legitimate project
in the space, then there's value there. And if you can help other communities on that chain build
their projects, get more visibility, you know, you're talking about marketing and different key
important aspects to marketing different blockchains and having their own native token and how powerful
that is. I exist to help pump other projects. That is what cash for is. That's what we do is we do
something called the pump and pump. It's the era of the pump and pump. We pump projects as long as
we know that they're legitimate and we know that they're real. And then we hold instead of just
dumping on people. So like I said, I was I misread the space when I first got here. I thought it was
basically come show us your project, but I'm such a nerd. I didn't fucking read. It's been a real
crazy day. You're good, dude. You're good, dude. Listen, let me let me ask you this. I don't hear
this. I don't hear the chain enough. Why? Why did you choose Avax as your first point? Oh, my God.
What's up with Avax? Talk to me about Avax. Listen, it's Avax, baby. Low transactional feeds,
pretty much instant, you know, lightning fast transactions. So very similar to Solana in that
way. But I could talk to you all day about benefits of Avax and I can go and research a whole bunch
of things and be like, yo, look, here's here's why Avax. But the 100% truth and transparent reason
why we launched on Avax is because I'm not a developer. I do not have any skills actually,
even though I'm a dev officially, I guess, technically, that's what I'm referred to in
the space. I'm more of a builder. I'm in marketing. But I did have a friend who recommended that I
launch a meme token, who had two developers that were sitting around and weren't doing anything.
And they happened to be very familiar. Oh, geez, in the Avax space. So that's why Avax because
the dev said they said we build on Avax. So that's that's why Avax was our first chain.
At the time, I didn't know anything about Avalanche. The first time that I was like,
yo, send me your Avax wallet. Someone said it. I was like, yo, I said I said Avax, not ERC 20,
because it looked like an ether dress because it is a fucking ether dress. Because that's how
little I know Avax at the time. I'm gonna keep it real. We do a whole bunch of giveaways in my
community. So I was trying to give away some tokens and people were sending me their address
and I was like, no, no, no, I don't want to burn these. I want to make sure that you actually get
them. But fucking my dumb ass just wasn't aware. And that's just some some full transparency. So
so that's why Avax because the dev said but I love it on Avax. I will be honest with you.
We just launched on Ethan. You got to be crazy to launch a fucking token on each with these fees
with these gas fees for anything and everything. You must be fucking crazy. You got to be crazy
to be on the eth chain. I can absolutely say that. And I have a token on ETH, right? It just
launched where it were a couple hours old. It's called crazy. There's a fixed supply of 888 crazy
tokens. They launched at $10. The idea was to launch them at $8.88. We've got I think a little
bit more liquidity in the pool than our full market cap. We're up about 100%. It's the slowest
performing token that I've launched. But it's fucking crazy. Because I've got all these people
in my community that are used to like the first two chains, you know, soul and Avax. It is nothing
to get in and out of a project because you're not paying all this gas, not all these high fees. And
it allows for people to dabble and exit just a lot easier. And they can also come in in smaller
amounts. So where I have people in my community that are from all over the world, like I'm from
the states, but I'm currently in the Philippines right now. And a lot of my Filipino followers,
you know, there's a different cost of living over here. So they might have $20 trying to invest in
the project. But on ETH, that's not even going to cover the gas. It's not even going to cover the
gas. Whereas on Avax or Soul, they could get the token, get the swap, get everything done,
and still have a nice little position that has a chance to, you know, show them a nice return.
But this is how much of a not a dev I am. So the second token I launched,
I launched it because a bot could build it, it could do it really quickly. And it was on Soul.
And we actually, so there's only 500 tokens within a couple hours, it was up 130%. Right now,
we're up about I think, just under 30%. But there was only 500 tokens, we launched in a dollar token,
I put 500 bucks in the LP and then burnt it renounce the contract. And it shot up to 130 bucks
a token and was at about 120 bucks. And I was doing a live space. And my team accidentally
burnt I had Yeah, they burnt 100 and set 103 of the 500 token supply accidentally, we're supposed
to burn seven. They burned all my fucking tokens. So I had to launch another token.
But that's how much of a not dev I am. I had one of my one of my people be walked through
a cigar. And yo, it's okay, but it's okay. He's in here right now. He's the one dropping those
crying emojis. I was in a space I rewatch that you can hear it when he's like, yo, bro, check
telegram. And I'm just like, hold on, what's going on in telegram? And I read it. And I'm just like,
oh, well, that's not gonna be undone. And you can hear it. Like, I'm just like,
am I reading what I thought I was reading? Because we were 120 x two murdered me,
and I was reading it to those motherfuckers were burnt to hell. He set him straight to fucking hell
and there's no going back to retrieve them. But but we do have a way to make sure that token
is still pumped. And I'm still super invested in it. And the community gets everything out of it
that they deserve from a token that has a supply of 397 right now. And if I got to hear anything
about the fucking bird, just keep it to yourself. Amazing. Okay, so you so you're on the roller
coaster. And you've hit you've already hit the loop to loop, you've done the barrel roll, you got
this thing where it's like Superman, you already hit zero G rolling down backwards, still moving
at whatever 500 miles an hour, only with with 100 and 103 fewer tokens. Definitely hear all of
that. But me let me let's invoke. Let's invoke a resident expert who is not representing a project
on stage. So first off, deal sorry, because you're here getting picked on deal. What do you think?
Are you giving us a thumbs up? Are you giving the thumbs down? Are you saying I just don't know
enough? No, I just don't know enough. And I also didn't catch the question. I'm sorry.
That one I missed. That's okay. All right. So let's go. Let's let's let's let's poke deal real
quick. What do you what do you think about a vaccine? Again, one one of the one of the
black things I don't hear enough about. So let's I just know I remember hearing a few moments ago
when a Vax Gatsby was like 40 bucks or something crazy, right? Remember that that was not that long
ago or something like no, not a Vax, not 40, not 40 bucks. Yeah, but it was something something
up there, something not normal because of the influx of non-scale. Four dollars would have
people on a Vax riding. That's that's how that's what it was. But but it was like that. It was like
that. I want to say like a man. There you go. I remember Stars Arena was like the best 48 hours
ever. I loved that app. It was awesome. And then it all just it all came crashing down so fast.
But I did. I did have it in me after I made like 100 bucks or something on the first day. I'm like,
you know what? I'm just going to take this out right now. Just hang out with it. See what happens.
And unfortunately, that thing rubbed hard. Yeah, I mean, that's my only experience with Avax,
I guess. So it kind of got say Gar sent him a hundred dollars in cash. So you're gonna have
to get an Avax wallet and say Gar he likes to burn shit, but he also does all my payouts. He'll send
you a hundred dollars in cash pretty much immediately. Say Gar shoot him a DM, just respond
with your trust wallet or your metamat because cash was literally created to give away. That's
the main utility of it. So I'd love to give you 100 bucks in cash and that'll at least get you
familiar. We'll onboard you on the Avax chain. Of course, you can dump immediately, which would be
fine. Wouldn't be the first time because at the end of the day, we're going to tax the shit out
of you on that dump. And you're selling something that was given to you for free. So if people
understand our chart, you know what they're looking at when they see sales. Most of the time,
it's not investors, it's winners or people I do shit like this with. But he's going to send you
a hundred bucks in cash, either trust wallet or metamask. Just get your avalanche C mainnet
address, send it over to him and he'll get that over in cigar. No regular verification process.
Just make sure it's on the spreadsheet and just make sure he has the tokens immediately.
Let's go. I'm down. Don't worry. I won't sell it.
Oh, buddy. But I will say that I would like to invite you guys to come to we're having a big
megaspace tomorrow. If you do want to come share the project there, you're welcome. I think Avax
is cool. I think it has potential. I'm very open to other blockchains. If something's going well
on another blockchain, I ain't going to knock it. I'm more likely to get in on it because it's too
many times I've seen stuff going well on another blockchain and faded it and ended up being
something big. So now I just try to stay pretty open minded. But I think Avax is cool. I mean,
my experience before Avax or Stars Arena rugged the few days that I was on there. It was awesome.
I thought it was great. I was loving Avax for a couple days. For a couple days.
That's it. And then this and then this is a long time. And then the subnets will disappoint you.
Non scalable volume, sir. Let's go. We got a couple other hands up. Looks like I think
what is this? XFT, right? XFT dot read. Sure. What's up? It's on your mind.
You know, we can just kind of speak. Yeah, it was. Hey, it's been a good lesson.
I was wondering you in the Philippines, how come you didn't go the Binance chain route?
Because Binance can suck my ghost dick. Fuck Binance. Interesting. I wasn't expecting that.
Well, I mean, BSC is still 20 cents, you know, eight to 20 cents in gas fee. And it's still
relatively cheap and kind of relatively quick outside of whatever, you know, stipulation of
the ruggers, obviously, that are there. But there are ruggers in every chain,
right? There's there's always scammers in every, every chain at all. You know, so far,
BSC has kind of been dependable, right? I mean, as far as uptime, unlike Solana. And and yeah.
And Jay, let's also let's let's not forget also what anytime that it comes to low fee chains.
Yeah, the scammers come, they come calling right scammers, ruggers, everybody,
everybody trying to flip tokens really, really cheap. It's hugely attractive to go to chains
like BSC and, and even like Avax like Solana. And that's why we see that like when on the launches,
right, DEX screen or DEX tools. So you see the the number of rugs, it's sometimes a few solid
percentage points ahead, ahead of the blue chip, you know, so called blue chip networks like
Ethereum. And, you know, team, team, the team lead behind the cash per account mentioned earlier,
man, who launches, you have to be crazy to launch on on on either you guys said it said the tagline.
So on yet he's still launched on ETH. That was still launched on ETH without launching on BSC.
Come on. You got to be some kind of fucking crazy. I'm sorry. Yeah, you definitely have to say
the cash tag is crazy. The cash tag is crazy. He got us to say his market. It's okay. Cash
you're welcome. You got us to say the shit. All right. Nice. We said it. But the point is
on ETH, people do launch their even their meme tokens. And if they know it's kind of a short
term play, they launch it on Ethereum, because they know that they're slightly fewer rugs,
not because it's awesome with the fees. But like you said, with the dev taxes intact, there's a
lot of these projects that are just they're right sizing their dev tax, or they're making sure they
get enough volume push through so their dev tax makes up for some of internally, the team fees
that are being incurred. And, and then you see on so many other chains when the fees are too low,
there seems to just be a higher risk of rug because I mean, it costs eight cents to execute
the rug. If it costs, it costs you eight cents to execute a rug and you knew every single time
you're going to get $10. Look to us in the first world, that sounds like nothing. It's literally
not even enough for lunch. So oftentimes it's not enough for a drink, right? But 10 bucks,
if you can rinse and repeat that and automate it 15 times a day, that's starting to look like a lot
of money when you're in certain markets. And then automate that even more. It's infinite
money. It's a money printer on these low fee chains, but it's in a really low order volume or
order depth, right? Really low depth per execute or per exploit. So yeah, there's kind of an issue
with every low fee chain. All of them suffer from this when they launch. And we even discussed
earlier, base fell prey to this too. It's the mothership is Coinbase. It's one of the most
tightly regulated, voluntarily tightly regulated companies in the space is Circle Group plus
Coinbase. And people are out here executing rugs on the base chain just because it's low fees and
it's permissionless. So with those two elements, this can happen. Very much so. And for as much as
buying an exchange gets a bad reputation, it is 10 times worse on Solana. It's a shit show on Solana
as far as the rugs are concerned. Right now, I like what you said about Chainism. And I look
forward to the interoperability part of the blockchain that is coming about. Zeta chain,
Paul chain, that's going to make it so that Chainism doesn't exist. Right. But our marketplace,
our XFT marketplace is built on buying and chain. For the main reason being, it's the blockchain
used by the most populous region in the world. Every other industry wants it on Asian markets.
It just makes sense that you're going to go with a blockchain that has that kind of potential. On
the do-gooder side, they've been putting in way more education work in the continent of Africa,
Latin America than any other blockchain that you can name. So there's a shitty side of it,
but there's also a natural built in blockchain philosophy of let's get the really poor people
in the world involved. Yeah, no, I absolutely love that. And to your point, yes, I think
there are opportunities on these chains that the higher fee chains, so-called blue chip chains,
just don't offer. And I think Cashper mentioned that earlier too. If you're talking about community
and being able to build community, and if you have something of substance that you're launching,
even on these low fee chains in these low fee environments, then you really are trying to look
out for the most underprivileged in your community to get that exposure and take those really solid
positions without blowing most of their available capital on fees alone.
If they're going to blow money on fees, let them be your team's debt fees, hopefully. And
voluntarily, where they're like, yeah, I love this so much. I love giving fees to the team,
but not giving fees to some faceless validator who's probably just one entity on one chain. So
agreed there. We got some other hands up, but XFT, tell us more about what you're building.
Yeah. XFT is the next generation of NFTs. These are NFTs that are attached to a smart contract.
They have a vault, a wallet, they can store assets. It prevents the NFT from ever going to zero.
So you can imagine you lock $500 or $100 in Bitcoin, wrapped Bitcoin, wrapped Ethereum in
the smart contract of your NFT. You lock it in there for three years. How much are you going to
be able to sell that for now? I have to say the hardest thing to do in crypto is to hold.
This is an NFT that helps you, that saves you from you. If I had this eight years ago,
I'd be freaking filthy rich. Just store your assets in the NFT, lock it in there for a period
of years. And if you guarantee that you're not going to go far more in DJing into all the nonsense.
So XFTs are the next generation of NFTs. Amazing. So it sounds like then this vault system,
I hate to use the phrase certificate of deposit, but it's something of a bridge to yourself,
to your future self. That's what I'm really hearing. We were talking about bridge technologies
earlier, where essentially you're locking up assets in smart contracts, but it sounds like
that's what you're doing here. Is there a native transfer involved in the first asset? Or do you
wind up, can you talk a little bit more, a tiny bit about the mechanics of how this works?
Because I'm using poor examples to describe your building. Surely you can help simplify it for me.
Yeah. And man, you just gave me the perfect explanation of this thing. It's a bridge to your
future self. You are absolutely right. That is so beautifully said, right? It's just a smart
contract. You can store anything that you want. The creative palette that you have to work with
now is so much more expensive. You're a musician, you're having a concert in Chicago, you can store
your coupons to local businesses in your music NFT. You can store an NFT within an NFT. Whatever
assets you want to store in the smart contract you can, it's not gated in any way.
Could the cash per account, sorry for the interruption. The cash per account then,
could they use cross-chain assets? Because I think this is, I don't believe the coincidence,
I think with the cash per account offering these three different network offerings,
so launching assets on three different chains, is it possible for them to leverage your tech,
despite it being built on BSC, is it possible for them to leverage it to create a vault for these
assets that are on very different chains? Absolutely. Let's wrap them over to BSC,
and you can store them in that smart contract. Now, on the grand scheme of trading, you look
at the societal benefits, you have an NFT that will store your driver's license, your health
workings, your passport, whatever. You can have a student NFT that will store every single grade
you ever received. You can have a personal profile for your dating that shows you had a conversation
with a dating expert, you took a sex education class, whatever. These compartmentalized
NFTs are really going to be big. And also, it does in the world of ETFs. If you want to transfer
a basket of assets, this is the way that you're going to do it. You're going to transfer 100
tokens one at a time, or you're going to just transfer the NFT that has all those tokens in
a smart contract. Yeah, it definitely seems like that's the lower fee option of the two,
to have the entire basket moved, as opposed to moving the individual assets themselves,
or sweeping the individual assets and paying the gas fees. Even with multi-send type apps,
that definitely seems like a much more efficient way to go, and certainly easier to track.
It reminds me a little bit of Dave Ramsey's cash envelope system. Not to be weird about it,
but a lot of people don't know how to implement some of those best practices, because some,
it's not for everybody, but some best practices in personal finance, translating some of those
skills on chain. It sounds like what you're building with the XFTs could potentially unlock
additional use cases like that even. Maybe they haven't been explored yet, but very,
very promising. That sounds super cool. I'm going to open it up to the panel so far. Unless there's
more of an explanation for the XFT concept, open it up to the panel. What do you think so far?
And start, of course, with my illustrious co-host, Jay. What's on your mind? How does it strike you?
Yeah, I mean, I guess, right? In theory, anything is good in theory, right?
You and I have been pretty much chilled everything under the sun, everything from solutions to this,
solutions to that. I'm not saying anything with UX thread. I'm just broadly speaking here. Is that
called my Lorentz? But yeah, it sounds okay in theory until there's volume, right? Let's see
how this portrays on forward. I mean, look at we have a close contact that is attempting to
liquify NFTs, right? But the idea and execution are different, right? Because the execution could
be much different than the idea, right? The idea comes into place, and then the human part of it
gets into it, and they want to explore everything else, right? It depends on your business acumen.
What I got out of it, okay, give me one second. What I got out of it
was something that can actually work, right? This system, and I'm putting an idea out in the
netherverse, hopefully, hopefully someone connected enough with enough resources can make this work.
But, you know, I'll speak to all you you find folks here and all you folks that will be
replaying us later is look at, let's say you have some notable influence, or, you know,
you're an artist with some notable following. So let's just take it at that, right? And you don't
want to do some kind of mechanism, say, utility style, or maybe use some kind of utility style
based on your NFTs, right? Because I was in the kind of, me and my community, right? My community
and I, whatever, we were kind of, you know, dazzled by, you know, the NFT boom, right? We
got involved in, I believe, when it started in around June or just before June, I'm sorry, May.
So May of 2021, the idea of NFTs came to me, and it was a member that came up and he gave me what
it actually can be, right? With the smart contracts and mutability and so forth. I was like, shoot,
this is great. And then, you know, financial opportunities between derivative collections,
which weren't even popular then, we kind of got involved in it and we made, you know, we did very
well for ourselves. Fantastic. And then we also saw the rug happen, right? The illiquidity of it,
right? Or that's such a word, but the liquidity of it kind of disappeared. So looking at this
system that was kind of brought to our attention, I can see how this can work for the future, right?
Imagine this, imagine someone of notable following, mints out a collection. Now they have a million
bucks. Well, take away half a million dollars of that and spread it to the collection, right?
Whether you do a scaled spreading of it, mind you, I'm kind of going over a business idea here. So
just kind of bear with me here. You're going through and it doesn't matter the blockchain,
right? Hey, it's blockchain and Gnostic, right? It could be like everything except Paul's and Solana.
Anyways, so looking at this, you're spreading out the liquidity and now you're making the assets,
an actual asset. The NFTs is an actual asset now backed by whatever coin is there, right? So
whatever, maybe stable coin or maybe you'd make it a variable asset, whether it be a native
blockchain coin. So that idea is still kind of there where I can see where that can kind of work
because you're backing the NFT now with something and you're making it liquid, right? You're making
it backed by something that's actual value instead of having something that's just
inherently speculative, right? So just kind of throwing that out in another verse, maybe
someone resourceful enough will pick this up and make this work. But anyways, just kind of
putting that out there because I really want something like this to kind of change the narrative
of these cash grabs, right? Unfortunately, that's calling for what they are. They're
literally cash grabs. You're going to put out PFP, okay, now it's going to move to gaming assets,
which there are some wonderful things happening literally before Seth and our very eyes that are
making these assets going to, oh, it's going to be fantastic. But anyways, outside of that,
if you look at the PFP, the PFP can still happen, right? You can still have some kind of liquid
aspect to it, but it's just, I haven't been on my NFT RANTS in a while and kind of wanted to
kind of put this positive notion out into the nether that something like that can work,
but it won't, it won't just, unfortunately, it won't work to someone with no networking or
resources because you have to have some kind of networking resources, right? If you're going to
build something like this because of the network that the artist or the network of the say popular,
not to say KOL, but maybe even mainstream Web2 style kind of influencer can now have something
that won't work as a community. But anyways, BSCN, let's go, talk to us, talk to us about BSC.
I know that, I know you wanted to get up here like that. Let's go, baby. What you got, man?
Yo, what is up? Not so much about BSC. I was just excited to see my friend FT up here. It's been a
couple of days, man. I think there's something really cool and you touched on it just now,
Jay Crypto, but I want to expand on that a little bit. So in the NFT space, we have this conundrum
that's been bouncing around the industry for a while about what are these valuations anyway?
We look at floor prices, floor prices often not the worst metric to look at, how the healthy value
or project of role market clubs don't apply here because one NFT is not the same as one NFT.
And I think with what the offering here from our friend XFT is quite interesting. I'll explain.
So here's a bit of a thought process. You have a God forbid profile picture collection that mints
out for a hundred dollars for each NFT and the founders decide that, hey, if you mint this for
a hundred dollars, 50 of those dollars immediately go into your NFT. So now you have a baseline floor
price because there is some sort of intrinsic asset that's locked in there. It's never really
going to go below the asset that's locked in there, if that makes sense. I think they've actually
solved the really big issue of what are these damn things valued anyway? By answering it simply
by saying, well, it's valued at least this much because this is what's in it. This is what's
contained within it. That I think is very interesting. I've never really seen anybody solve
that problem. Also, dear friend XFT, you forgot. Well, you haven't forgot. I think you will get
into it. There was this really interesting part we spoke about the other day related to licensing
and that side of things. I don't know if our esteemed guests would give you another chance
to explain a little bit more because I found that really interesting. And I just thought maybe if
you could get given a couple of minutes and explain a little bit more about that side of things.
Yes, good to hear your voice again, brother. It's very rare times that I get to have conversations
that give me goosebumps with folks who so get what it is that we've built. And that conversation
we had was awesome. And MYB, you touched on this a little bit in gaming. I think that was actually
Jay Krippler that touched a little bit of this in gaming before I get into the licensing part.
Gaming is going to be a big part of this. I foresee a future where you actually have attributes
as assets rather than having static attributes for your NFT, your gamified NFT of speed, power,
defense that never change. These are going to be represented as token assets in the vault of your
NFT, creating this Pokemon style environment where you can actually have battle level NFTs like my
PFP, the Hyena Pets. Now, the platform, the XFT platform is really, really freaking cool. I spent
three years backpacking around the country and every potential use case of an NFT was considered.
One of the problems I wanted to solve or actually accidentally solve this problem is the problem of
licensing. So rather than having collections on the platform, we have labels. Labels pretty much
function as an ENS that is a little bit more collaborative. It's like having a storefront
built into your ENS, so to speak. If you own the label NFT New York, only you can sell XFTs under
that label. It's not like going to OpenSea where you type in the name of your collection and you'd
see a pile of other collections with the same names pop up. On our platform, only your label is going
to pop up and only you can sell XFTs under that label. But the really cool thing is you can also
create a license, a label license, that you can share with artists from all over the world allowing
them to sell their XFTs under your label. These licenses have an expiration date. So annually,
any artist who wants to sell their content under your label will have to buy or renew that license
from you, which I think is pretty cool and something that BSC Gaming just touched on.
Oh, you know, it's so funny that we just happened to have an IP attorney. Holy crap,
this is Fidgetl. Ladies and gentlemen, Fidgetl. Let's go. Wait a minute. Fidgetl,
what's he talking about, buddy? Talk to me. Talk to me some legal terms.
I'd love to hear the technical solutions.
If you don't mind, that can be.
It's really just compartmentalized NFTs, right? You meant your label.
Talk dirty to me. Are these hashed or are they completely unchanged?
They are. They're hashed aren't they? It's used on IPFS. IPFS stores the image of the name.
They're hashed. You can DM me. I have a more efficient solution that keeps it all on chain,
automates it, and also funnels the revenue directly to whatever wall it is holding the
underlying asset at any given time inherently. When Fidgetl says slide in his DMs,
you got to slide into his DMs, buddy. Yeah, running start. Running start, head first,
go slide, slide to home, make it happen. So without any question, listen without any
question, just run in head first and slam right into the door, baby. Let's
Fuck. Do your own research. Do what they said. Just head first, ape your kids,
sell your house and children. I can help you. I can help you solve this. I can help you solve
this on the protocol level. So it won't actually interfere with your business process. No,
it'll, it'll only enhance it, buddy. All right. Follow me back so I can figure it out, please.
Hey, there it is. There's those kinds of connections that we love seeing
happen here on the Moby media stage every Tuesday with the black community group,
co-hosting J crypto. Mind your biz. We're here to help you. We really are here for you.
Magic is happening. Magic is happening. We've had a luvium. Go to, go to, go to.
That was like nerdy bullying, by the way. Let's go.
Right. It's like, just, just trust me, trust me, bro. Just do it, bro.
Just slide into the TMS, bro. Come on, bro. Me familia. The trans NFTs. Sorry. The trans
fungible tokens. I don't actually know how to say that, right? When it's, when it's said,
spoken, right? I don't know what it actually is because NFT is a non-fungible token. XFT,
in my mind, goes to try by trans media, trans fungible token, but I don't know.
It sounds politically charged. You can't say trans anything. You're canceled.
I know. Damn, Seth. Again, you're getting canceled. Come on, bro. That's twice.
I was trying to be an advocate for XFTs. I'm an advocate and an ally. God.
Oh my God. Listen. Hey, we, we had a sweep up for a while. And then I guess it's my kind of
rugged connection. What's up, sweep. GM, GM, sweep five and happy taco Tuesday.
Oh man. They still have that. They still have that. That was a long time ago.
When your name is taco, every day is Tuesday.
That's all I got to say. Um, but only so is that, is that only west of the Mississippi or east?
I don't know. I won't ask any more questions. We'll ask the relevant questions like two seconds.
What do you got? Or maybe no, no, it's Mason Dixon. Worldwide, worldwide. Everyone loves tacos.
I have not keep pushing west of the Mississippi until you go all the way around them.
That makes sense. Exactly. Yeah. Fucking tacos in Bulgaria, bro. Sorry. There's no tacos.
Well, then I will have to make that a stop and make that make, make that change.
Everybody loves a meat pocket. Yes. Every country has a different meat pocket.
Oh, why didn't you say meat pocket? Yes, we love meat pocket. I love the meat pocket.
Oh my God. I love you. Thank you. Um, I mean, all you, all you have to do is go to the tech.
Nevermind. I'm not going to talk about Texas border.
I'm near the Arizona border. So who knows? Um, but no, uh, I wanted to touch back on a couple
things that XNFT was sort of XFT was sort of talking about and set. This might help you with,
with, with verbiage. Uh, there was, uh, another friend of ours is doing something like that,
but they call them, uh, IV NFTs, uh, intrinsic value. So the, the value you know,
if you're putting in 500 bucks worth of Bitcoin now and you get it at a later date, um, to,
so wait a second. I want to, before we get too much further, I want to make sure I actually
captured the IV NFT stand for in vitro fungible tokens. Sorry. Wait. Yes.
They, they give, they, they give birth. They give birth later. So, okay. This is making more sense.
Thank you. Continue. As long, as long as I make sense to someone, I'm doing my job. Um, I think
though, one of the things that you're narrowing the focus on is, is, is single chains, you know,
um, uh, layer zero launched their OFT, their Omni chain fungible token. That's what we're built on.
So we're across seven chains and why we love AVACs is because who cares about the fees. It's the
finality. That's what we care about. Um, you know, things are done fast, uh, and finalized fast, uh,
transactions happen, you know, a thousand times a second, but are you getting a thousand
finalizations a second? AVACs really pushes the envelope of getting up there. I'm not even going
to talk about all the sub chains and everything like that we're building out. We're looking at
building out a poly, you know, polygon side chain thing, but that's down the road. Um, and then I
don't know who saw it, but I'm just talking blockchain, nerdy things right now. Um, axilar
launched their, uh, IQCT, their inner or their I inter chain quest token. So like I went and minted,
uh, a free taco from Twitter token on 11 chains in one transaction and it cost me 40 Matic.
Now, if I had added ETH to it, it would have then cost 250 Matic because, you know,
ETH be crazy. Um, but there's a lot of cool stuff that's going on on the inner chain side of things
that I, you know, people need to stop. I think people need to stop thinking in the siloed
single chain, but what does that chain connect to? And what can you get to from here to here
without having bridge bridges that become honey pots and targets and vectors of, of attack.
So I think that there's a lot of cool stuff. Uh, cash, I gave you a follow. I'd love to connect
with you later on, uh, see what kind of cool stuff we can build out on, on Avax soul and
eat. So, um, just because I think like multi-chain shit is the future. Excuse my language. Multi-chain
actions are the future bro. I followed you back already. I'm a hundred percent down. Let's build
some shit. Definitely. Um, yo, I'm glad, yo, I'm glad you brought up the Axlar inter chain.
Cause I was actually one of their early adopters with deal coin. And so we bridge the polygon
using inter chain and now we're working on base right now. Um, so I think that's a great protocol
and I mean, it is just, it's a standard bridge. Um, but what's cool is it shares the, it looks
like it shares the same CA, um, once you deploy the bridge, which is interesting. Um, I'm not sure
if every other bridge does that, but yeah, I really liked the Axlar inter chain protocol. And I didn't
even know about the quest token, like you just said, where you can claim on all the different chains.
So once we launch a few more, that might be something interesting to do as well. Yeah. They
have, uh, Dyl, I'll send you the link somewhere. Um, they have like this challenge going on to go
make a token across as many block. I think they have like 15 blockchains you can do it on, you
know, so I launched a free taco from Twitter jail. And what's really cool, the way they set it up is
with, you're doing that token, they automatically make LP pools, um, on all these different chains
for you from the get-go as well. So there's some cool stuff built into it. And like you said,
it's the same contract across all these different chains. We'll get onto some of these, uh,
cheaper chains to deploy on. And, you know, they'll try to vanity out your contract address if they
can, um, if you're not already there. So, um, you guys be careful of that. Yeah. Yeah. I actually
haven't thought about it more. Um, but yeah, it is convenient. I guess then I just, I just need to
put the one interchange CA for all EVMs instead of having a different CA for everything. Yeah. But it
still doesn't account for Solana, for example, like Solana, I'm still thinking I would need to
use wormhole wormhole. Yes. Um, so we're built on layer zero. So I know a little bit of what's
going on there. Layer zero is deploying. They originally were looking at the first month,
but there were some issues. Uh, they're looking at deploying, uh, fully integrating layer zero
into Solana by the end of Q1. I think that they're going to be holding out for a Denver launch for
some stuff. I don't know. Maybe that's sort of what I got a hint at. Um, but also using like neon, uh,
to bridge, uh, the same contract. And then that will get you an SPL 20 token. Obviously it's not
going to be the same contract because Solana doesn't follow the same, uh, hashing format, uh,
that EVM does. Um, so yeah, but you could potentially push forward enough, uh, compute
power to get like a vanity address. That's, I don't know if you could do DYL for the start of
your token. That would be an interesting thing. I'm sure there's someone that, yeah, I didn't
even know about the potential of that. I mean, uh, I just figured, I don't know, at some point I
decided, all right, well, if you're going to go multi chain, you're just going to end up having
different contracts on different chains, but that's what I'm using those types of ecosystems now. So
if I'm using them already, why not have my token also operate in that way? It seems like as far as
the hashing, like some, some of the hashing power to be able to get that to do the vanity, uh, vanity
gen, right? I don't, I don't know if maybe Solana would let you do that, but I don't want EVM, uh,
the character Y, right? The, the Greek Y is, um, it's not supported right in the, in the alpha
numeric base for all addresses on EVM. So unfortunately, Dale, if you did want to try to
prepend zero X, Dale, I'm sure you're gonna do this. You'd have to get creative with the, with the Y.
I definitely didn't know that. No, I didn't know any of that or how to do that.
I still don't know how to do it. I'll share a tool with humanity. There's, um,
there's a vanity address generator for EVM that just runs in the browser. It's also available
on GitHub. Totally, totally audited by the community. Um, but there are ways to just,
and I mean, even if you have like a, whatever lap, any old laptop, you don't need like a high power,
you know, GPU mining rig from the old Ethereum mining days to be able to create these.
It usually takes, um, if you only want to get like four or five special characters in your
EVM address, it takes a few seconds, less than a minute. And then you can just hash away on your
little laptop and, and have a sweet zero X dead address that looks like a burn address,
but it's really not. Actually, you control the private keys.
Just saying, Hey, these are the same tools that scammers use. Be, be smarter than the scammers.
And then that's when you, uh, DOJ's wallet and you send them a transaction. They think that they
got something from a dead wallet or, or maybe just send, uh, some freshly washed Ethan tornado cash
so they can get blacklist themselves. Is that, is that so? Yeah, actually, since the, uh, the state,
the state of California started accepting Ethereum based donations. And so I, I still want some large
donor to do exactly that, to turn it, to watch something through tornado cash and give it
directly to Gavin Newsom. So we can, you know, start saying, but it's for the greater good.
Think of the cause comrade, obviously think of California. Let's save them.
Yeah. Or, or maybe let's, let's, let's ask, um, some of our Russian friends to directly send
from a known IP address Russia. Um, yeah. So a real quick on, on a, on a, on another nerd alert
note, note, um, Nvidia, the largest chip provider for AI, ladies and gentlemen, just announced NFT
chat bot chat with RTX. Let's go run locally on your video card. That's great.
Yeah. Wait a second. Why do I want my RTX? Oh God. There's so many things wrong with everything
that Jensen just announced. I love Jensen is a great man. He's great, phenomenal. Love seeing
him in that role at the head of Nvidia. There's so many problems with, uh, everything that was
just announced and we can dissect all that in the time. I don't want to go too deep into the,
why not? And video to one K's and video to one K and video to one K. And if you don't trade stocks
or you don't have something to trade stocks, go to Bing X. I don't have a link. I don't give a
shit about a link being excellent. You are trading video. Yeah. Pump, pump the chart by all means.
I'm not trying to flood anybody's chart, but I am going to say with that announcement,
there might be some technical speed bumps and problems.
Potatoes, tomatoes. Um, yeah. Right. We got a bunch of hands up. You don't really need to do that.
We got a vector, the runner. We also have DCS crypto dot eth Deville crypto. Let's start with,
uh, with vector. You had your hand up. What's on your mind? You don't have to do that. We got to
go popcorn style. So print opening. It's like every space is different. And I knew, I thought
I knew that. And I was just like, they're just going to ignore our hands forever. And I was like,
wait a minute. That's right. That's right. We don't care. We don't get shy kids. Starve,
get in there. They're just going to go back and forth on this, this, this. Has anyone talked
about scale yet? The sales scale coins, go change. She'll us, she'll us your best. No.
It's not a shield, bro. It's just like a gaseous chain. I'm talking to them for a partnership
right now. So I'm like, I'm all buzzed about that. So like, I'm just like, you know, just to being
as I'm discovering this chain and just like, you know, like people talk about like, you know,
like no fees and also it's like that. This, this chain is literally gasless and has instant
finality, you know? So that's like something I just feel like people should probably know about,
especially if you're kind of building anything on an enterprise level, you know, like you want to
don't you love wrapped assets? Don't you love wrapped assets?
I don't know. I don't, but I mean, I don't, I don't like to pay the rap. I mean,
that's what you mean. I don't know. Yeah. Isn't it weird? So pardon the comparison,
but it's weird how the word, the words wrapped assets, when you say them really fast,
almost sounds like rat bastard. Just wanted to say that. Just
I thought he literally interrupted me to call me a bro.
I was like, I'm gonna let that roll off my back real quick and just keep it going.
We're DJ, we're DJ's though, right? Because we're, because in DJ's face, we're like, bro,
fam, I love you too. Thank you. But like, just, yeah, just saying we're DJ's. It's not even just
that it rolls off your back. It's like, okay, I tried this here, but no, tell us more by all means.
No, yeah. I mean, like, I'm not, it's like, the thing is like, I think it's really cool too,
because like, they're with that whole frictionless and like gas is an into finality thing. Like,
they're able to like provide kind of really awesome, like, just like, like features that
a lot of other chains, like are we, for instance, like data, like on chain data and stuff like that,
that, you know, have gas for just much cheaper. So I just thought it was something to talk about,
you know, and they said, I'm not shilling it, I don't give a fuck if you buy it or not,
I don't even own it. So that's not the point. Just, you know, just talking about the chains.
But, you know, just to say, like, I thought it was pretty awesome, because as a person that's
building a platform, you know, that is going to be utilizing large transactions, that becomes a
bill over time. And when you start talking to larger, you know, businesses, they start looking
at you to like foot that bill, like, because they're not gonna, over time, you know, pay that crazy gas
bill that goes up and down over time. So once I found this chain, and then the fact that they were
like, so like, you know, forthcoming to talk with me, was also the plus two. So if you're building,
and you know, you might want to just go talk to them too, because they have a lot of money,
and they're giving it out. So that's my alpha. Amazing. So you're building on top of this?
Yeah, I'm building on building on top of this. We're right now we're building out the payrolls.
I'm doing a testnet today. But then, you know, like I say, they have their stuff is built for
for like AI and ML, their stuff is built for on chain data storage. And again, so being gasless
means that the transactions and the holding costs and all that stuff is just like, over time, just
light years less of an expense than it would be on other chains that are providing those same
services. That's all. Okay, very, very cool. I'm wondering with that. So if digital is giving me
a thumbs up, digital is excited. digital has already talked to you about this. I'm wondering
if anybody else on stage or on the panel has any feedback or just any thoughts? I mean, is this a
clarify? To clarify. To clarify. I did speak with with vector. I love his product. I like him as a
human. And I suggested that in an environment where there are new chains and ecosystems being
built regularly, no need necessarily to fight the hype, find find an ecosystem that makes sense and
reach out to them and see if they'll support you. So I'm happy you do.
Yeah, no, thank you for sure. Because that's exactly what you know, the case is that a lot
of people, you know, they get caught up in hype ideas and you know, influencers telling them this
and telling them that when they don't realize that like, this is all just awesome new technology.
And you should be kind of like going into like a get in wherever you fit in kind of mentality.
Because as these new chains come up, they're going to be one leading attention and also the stuff
too. So you being a voice for them is also, you know, a nice way for you to start getting, you
know, into the whole mix of things. But yeah, just like, you know, if you're building don't like,
you know, like, yeah, sure, like Polygon and all these ones, Solano, they're all very nice
and exciting. And they're all the buzz and everything like that. But don't forget that
there's other chains out here that have millions of dollars that are looking for people to come
and build on their ecosystems. And the measure of success for those chains could possibly be you
on that system, not just the chain itself. You know, yeah, but the just just to put a
kind of a disclaimer on this new doesn't necessarily mean better. Right. Right. Right.
Right. Right. Because, you know, those chains that you change that can throw money and not
listen, not funny or anything like that. But I'm just throwing it as a, it's kind of like a
business. I mean, you already called me a rap master, but I'm going to tell you, I find it hard.
I didn't. What are you talking about? I said, I said, well, oh my freaking God,
this guy said, look what you did. You're trying to get it. You're the first vector. Come on. Oh,
my God. Thank you for that. I bet he, bro. I owe you that 20 bucks. Thank you. I'm DMing you.
The TX ID was priceless. No, but let's, I'm going to, I'm going to front. I'm going to front
run your response. It adds a whole bunch of new complexities, which are interesting.
And I have found as I'm building on a new chain as well, that I'm finding that it's bolstering
my attention to marketing and it's bolstering my attention to friction. And it's incentivizing me
to think about interesting solutions that actually I think are kind of what we all preach about the
future of web three in terms of seamless integration and not even knowing that you're in an ecosystem.
So what I have found building on a new chain is that it makes you think about
things that you wouldn't think about otherwise. And I think are important for the longevity of
your product. Right. But look at, okay, let's, let's reverse this a little bit. So what is a
chain scalability volume, right? Yeah. Money can be thrown at it left and right. All this lovely
stuff. The minute there's volume, that's the testament of this chain. Now, mind you,
all of these chains are so wonderful and everything, but where's their TPS?
You talked about, wait, wait, wait, give me a second. You talk about our weave. What's our
we CPS? What's file coin CPS? How scalable is that TPS? Right. How scalable is that?
Cause they're, you know, on chain cloud. Great. So, and I talked about this quite a few times.
I think about the last three weeks, I touched it at least once. What is, what is a cloud's
magic formula? Right. What's a cloud's magic formula, right? At least the number one formula
is speed, right? Second is uptime. Right. So if we look at just those two, forget the third one,
we look at those two, great speed checkbox. Fantastic. It's a gasless chain. So it's just
going to be, you know, the best thing ever. That means all the bots are going to love this chain.
Well, apart from that, you look in uptime. Well, uptime is brand new. You have nothing to compare
it to. Right. Then if we look back, who's the greatest uptime of them all that has been built
on, right? We can all, we can all love to hate to say it. It's Ethereum, right? Obviously it's
kind of unfair advantage because that's, that's, you know, one of the oldest, right? Yeah. Yeah.
Yeah. No, of course you can look at, you can look at, you know, gas, all that garbage, but let's,
let's put gas on the side. Let's look at uptime. Right. And you're not really kind of, all you're
doing is incorporating a token. You know, you're not really using its tech to host your website.
Are you? No, you're using his tech to host your files. Are you? Yeah, that's, I'm talking about,
I'm talking about Ethereum. Is this, oh, you do an Ethereum? Yeah. Yeah. That's what I'm talking
about. Yeah. Right. Right. Yale is an EVM native token. So, or chain. So it's all that uptime
you're talking about is just parallel. So I don't really, you know, it doesn't really,
it doesn't really stick there. And then yes, I am using the technology for the files. Well,
it kind of does because, you know, let's, let's, let's look at this. If I'm a, I'm gonna put this
in a, in an enterprise level kind of deal, right? So you're a, you're a massive corporation with,
you know, however much server space you need. Are you, are you going to go to just the newest
cloud service or are you going to stick to Google or AWS? Right? Because again,
it didn't, not, not, no, you're not, no, you're not because they're still, they're still
measured. I'm just a new guy though. I'm just a new guy that's trying to get on. So am I going to
go and try to get on AWS or am I going to go to someplace that, you know, has less, less, less
everything, more of everything that I need and less of the garbage that I don't. So it's just,
you know, it's, everything is by case here. Right. That is by case. No, no, no, but I was
comparing this to the same institution, right? Let's say something with massive server space,
massive need, you know, the latest newest thing is not proven yet, right? It's still new for, for,
for what it is. So, you know, for you to try to scale your business, you're going to be a, yeah,
you could be your first mover, right? You could be your first mover and let's say, I'm going to,
I'm going to attempt this out. Let's go community. This is brand new. Come with me. Either we're
going to make this great or we're going to all fail together, right? Because mind you, it's not
just your money, it's your community's money too. So we're going to either speculate this go up or
we're going to speculate that this is going to wreck us completely. Well, you know, and, and that,
that, that involves test net usage. That involves all that stuff. Hopefully you have all that.
And it's working out great, which if it is fantastic, listen, that could be the next
thing we need, right? And what, what, what the chain that you're talking about,
but it's still unknown at this moment, right? So there's significant volume.
It's actually five years old. It's actually five. It's so scale is five years old. It's been around
for quite a while. It was out. It was around for the last pool. So it's just new to you. So like,
and it's, it's been, okay, it's had full of time. It's never gone down. So it's been around just
now. So, so what's preventing its adoption then if it's as great as chain?
Well, I didn't say it's the greatest chain. You're just putting words in my mouth. Oh,
I said it's been around. Okay. So that's be clear. Okay. Well, well, if, if it's,
if it's been around that long, what's preventing its adoption in your opinion, just, just kind of,
I mean, what's preventing it without preventing all of crypto is a document crypto itself is
preventing it. Yeah, but, but, but, but a chain, when I, I'm not talking about web to adoption,
I'm talking about an internal in our niche, in our niche, a chain is out that has that so far it's,
it's testament of time, five years. That's fantastic. But if it's literally with zero gas,
what, why, why haven't because not all chains are out here to be an entertainment thing. Not all
chains have been picked up by the entertainment people that are here making, you know, eight
JPEGs and shit. So they have other businesses. And so they bear doing those things. Like, you
know, the thing is, it's like crypto is actually super small. And the industry is actually much
larger than crypto Twitter. So you don't know if they adopted or not. You're just assuming that
because they're not here making a state like a presence on crypto Twitter. My guess is the answer
is that they didn't raise the war chest, which is completely fine to necessarily gain the market
share during the bear or beforehand. But it sounds like they have enough money that they've
scrolled away waiting for the bull. So I think the correct answer is they've been, they've been
probably fighting larger behemoths. They do have funds and they've chosen to wait for deploying
those funds at a time when they think that they have the largest opportunity to gain market share.
And I would I would argue, Jay, I'm arguing today. I like this. I'm going to argue that they
probably couldn't have chosen a better time, because the idea of rampant l ones and l twos
and exploring new ecosystems, more frictionless has never been more appealing than now.
Yeah, timing is everything I would I would, you know, lean to agree with you. Obviously,
I'm not it's all speculation. You know, I can't, you know, possibly know their strategy. But that
would be a great strategy, especially if you think about that, just the friction with l twos
for when they first came out, like I was clowning polygons for like years until it started making
its own kind of headway. And so, you know, with that in mind, and so just like, and then obviously,
there's a lot of competition in l two land. So you know, there's like 40 freaking l twos out on
EBM on EBM right now. So it's about like, you know, maybe building something that's really special,
and it has like a really strong use case, before jumping out there and screaming and running for
market share to have its token or something that really doesn't have much of a use, per se. Then
again, like I say, I don't know, I know that it's very useful for me, though, as a business that
it has a lot of transactions on it, that is going to be needing it to run those transactions
frictionlessly for my users. So that's all the worries. That's all it is for me.
So yeah, that's awesome. So if the protocol and the project that you're building right now
has its needs fully met by this chain, and all of the TVL that's currently,
it's currently captive on that chain and all of I mean, if the velocity of money and the,
and the volume and depth of the money on that chain is sufficient for your needs, then
that's okay. I mean, we see that as the entire use case of the Cosmos Hub and all of the IBC
partner chains is that they call they build themselves as app specific chains. Now in this
case, I think that that they might view their their network as as being more than just an
application specific chain for your protocol for your project. So yeah, yeah, but but I mean,
that's what so many people are launching these subnets and on polygon to write the supernets
and the CDKs now. I mean, that use case, like you're saying, that's become a narrative for
this upcoming bull run, where there are more app specific chains being launched
through the shared security models of Avax and polygon, right? And now and now of course,
Cosmos Hub as well. And they're all they're really vying for primacy in that space,
right? Like, you know, bring your app specific chain over to our security. And then and now
pretty much you run the rest of the way you want. You want shared validator networks? No
problem. We got you. You want to run your own validator networks? We've got a full, you know,
a full SDK for that too, if you really want to just roll that into whatever your functionality
is. So I mean, bravo, if you got cash flowing through your protocol, that's kind of what matters,
man, if your business model is fully mapped out, that is kind of what matters. That said,
there are some protocols historically, if you've been in this space long enough to see more than
one cycle, then you've seen that that tokens and protocols, they do switch teams. Absolutely. They
switch teams, they switch networks all the time. And it's not uncommon for NFT projects to blue
chips, especially, right? Like, hey, there's some feature of this other network that we like more.
Maybe it's a low fee environment. Maybe it's a high transactional throughput environment. Maybe
there's some other, you know, air quotes, red leaf that attracts us to this other network. But now,
man, there's, you have to do what makes sense for your business model, of course. So if this is
making sense this season, then great. But I will ask sort of along the lines of what she's been
asking, what would it take for you to just say, nah, we need a full network replacement, we got
to go somewhere else? Well, we don't have to do that, because we're a multi network platform. So
for us, it's like, basically, we're a platform, we're like a discovery platform for networks and
blockchains and projects. So essentially, this, this whole thing with scale is just kind of way
for them for us to have, they're providing the infrastructure for us to do our our ecosystem and
our awards and our fundings, all sorts of things like that. But essentially, the whole, the basis
for the platform itself is to provide discovery for all networks and all chains. So they're just
one part of a bunch of chains that we're going to be implementing. The only reason why I'm even
mentioning them right now in the capacity that I am is one for the specific usefulness that they
have provided. And then two, because they are have a willingness to come and work with projects,
which is kind of difficult, you know, historically, so just the fact that I was able to get into a
phone call with them, and you know, now they're we're moving forward, like within a day, that is
just, I, that's a testament to speed, if anything, you know, and you know, then it's just like,
uh, yeah, there's like, they're just a really good chain, I guess, you know, and it's like,
it's going to be a process, we're going to experience them, but they there's just one chain
of many and every chain has its use cases, every chain has the ecosystem. And this whole,
the whole ecosystem, the whole thing, like blockchain has a discovery problem. So that's
where we come into play, you know. And so that's just like, so for us, there's a benefit. And it's
just benefits, you know, there's no eternal enemies, there's no eternal foes or friends,
there's just eternal benefits. And so as long as we can do that, then that's all that matters, you
know. Got it. So awesome. This is this has been great getting to know what your buildings
a little better. I'm kind of curious, anybody else on stage, maybe who is not Jay or fidgetle,
because they've spoken their piece, anybody else want to weigh in on what vectors building and,
and the choice, right to build on? Hey, give me give me more thumbs down, please, you guys,
you guys don't seem to understand, I've been feeding you thumbs down for months,
because that's actually what I secretly crave. I have a ton of input, but I have a ton of input.
I'm just waiting for my chance to talk, y'all. Let's go Coupe de Ville. Come on.
So, so, so I know scale and I've seen them build out the last couple of years.
You know, I look at them more as like an enterprise solution to where, you know,
it's going to be internal. If you're trying to just make an internal product that isn't going
to be really public facing, unless you're, you're going to be having blockchain be 100%
on the back end, where no one even really knows it's on blockchain. That's sort of how we made
one of our games on scale. I used to work with their BD team all the time, but like you said,
they are amazing, and they are helpful. And so I, I think that that's one of the things that
if you're looking at building on different chains, it's not necessarily, you know, the tech and the
use case of it. It's how helpful is the devs? Like I've been trying to build an integration
into Tron and they have a great BD team. They have an amazing BD team, their dev team,
excuse me, but really sucks. You know, if I want to build a, you know, deploy on Tron,
I have to, you know, figure out the solutions for myself on their TVM side of things because
they're like, Oh, it's an EVM. You can just run it on EVM. We call it TVM. And I get a compiling
issue on first line of code, which is just a solidity version. And so the skills awesome
on that helpful point, you know, so that's some cool stuff. I don't know what you're going to be
doing it on, on a front facing piece, you know, so yeah. I mean, I think that when you're providing
people with decisions, so for instance, like they're going to be part of our like rewards
tokens. Okay. And so for us, it's like that we're, as we're multi-platform and multi-token,
then we're going to have rewards be able to be paid out in all these different tokens. So when
you're talking about your decision to have it paid out in Ethereum or paid out in this or paid out
in that and the Gatsby's and everything like that, then, then we're going to see the value of these
different chains as far as that goes. And again, the competitive nature, you know, so people are
going to probably lean towards where they can get their money out without anyone pinching anything
off of it. And then deal with the, you know, central exchanges to go change it to something else,
you know, without having to worry about gas and stuff like that, and then taking it out on a
payroll. So that's where I, how can you use something like CCIP VRM? Wait, say that again.
I'm sorry, I was still talking. What do you think? Oh, I apologize. I'm on a horrible lag a little
bit. How come you're not using, if that's the goal and you're looking at multi-chain disbursements,
how come you're not using something more mainstream like CCIP's VRM for their off-chain,
cross-chain messaging stuff? Because scale is going to co-market with us and give us tokens
so we can have a cool marketing thing. That's why. See, and this is the stuff that,
right? It makes perfect sense, dude. So let's talk more about that just a little bit.
I'm not going to mince words, but I'm super transparent, man. You know what I mean? It is
what it is. Whoever's going to help me, I'm going to work with them. If I have to go dig tunnels and
all that shit, then no, forget that, you know? No, exactly. And putting the consultant hat on,
I mean, this would be the kind of feedback that we give to teams in a similar situation,
depending on what's available, right? So I mean, if you're not, especially as a younger team
building or whatever, if you're still in early phases of growing the business on whatever
project you've just launched, then yeah, you'd be crazy not to look for available resources,
whether it's grants on certain projects or grants for building your own app-specific chain.
If that's what the greatest incentive is, of course, dude, it just extends your runway,
and you can make the decision to bridge or to switch networks, you know, another day.
What is it? I think it's, I'm going to murder the attribution, but it's from the Andreas
and Horowitz team with the main imperative, right? When you're building, right? The number one thing,
the only thing is just don't die, right? Like have enough runway that you just don't die.
And every little thing you can, every little trick you can pull out to make sure that you
and your team don't die means you can just defer certain decisions for another day.
So that makes so much more sense, dude. 100%, you know, and then, especially in the nature of this,
like, you know, this space, it's like if you, like, it's like dominoes falling, if one chain,
you know, comes in, and then they see people, then people see the use case, and they see the volume,
and they see the value going to that chain, and that's going to sit back and watch now,
you know, so then I can go and take those metrics to other chains and be like, hey,
this is what I can provide for you. And then I can start getting more tokens. This allows me to
avoid BC, and I have a very, you know, competitive price point for what I'm building. And also make
it so more people can kind of get in on it and really provide a real web experience, as opposed
to kind of like what we've been experiencing. How many how many chains are you on? Right now,
we're already implemented on nine chains. And that's, and that's, I'm sorry, I was gonna say
real quick, and that's, and that's the product you have on there, which is the Soli Runner. Is that
the one? Or is it because you have quite a few? Yeah, that's our passion. Soli Runners. And,
okay, Cilinco is our Cilinco is a platform that we built. That's a social media platform. And then
Soli Runners is a platform that we what we did was we've taken all the features from Soli Runners,
I mean, from Cilinco, and then we made that all API and built an SDK, and then took that and built
this other platform, which is Soli Runners, which is going to be like our web three kind of introduction,
which is going to just like, you know, just do a lot of cool things for web three, and also be
kind of like our internal marketing arm. And then we're going to use that to kind of then bring out
our social media platform. So we don't have to like fight with big boys and everything like that,
we can kind of build our own incoming community, and then expand upon that, and then move forward.
That's what I mean, that's the value of communities. Why not take advantage of that?
Is that going to be like a social fight reward structure kind of engagement?
It's more like, no, not social fights, which is gamified social media. So more like more like
co marketing. So just not not social fight at all. Actually, it's more like a co marketing thing. So
it allows, you know, let's say so. Dill, you know, wants to tokenize something and create a community
and then take that community and mobilize them and incentivize them, then they can come on my
platform, and they can, you know, go on campaigns that Gil creates, but then also, they can create,
you know, co co campaigns for things for each other to start building up each other's algorithm.
So that way, it makes his community stronger. And then also allows them so that it's basically,
it's just a way for people to like not be shills and actually grow their own social
media presence while also supporting projects at the same time.
Nice. So hey, guys, we're gonna in interest of time, because we're going to go a couple maybe a
couple hours longer. Let's reset the room really, really fast. Thank you so much for sharing
everything that you're working on. We will come back to you in just a moment. You have to reset
the room. But but this is Yeah, hey, appreciate you spending the time with us to share what you're
working on and share why you're excited about the blockchain that you have been making kind of the
crux of your product right with scale. Hey, not coincidentally, in the last two hours, scale pumped.
I don't know if it was us. It's good that no, it was it was Fidgetl Fidgetl's front running right
now. And that's what he's doing. He's got his massive, massive bags. Let's go. Probably. Yeah,
he copy caught that little falling knife. Let's go said it. So here we are. But you look at the
chart is literally a little falling knife right before his base. Oh, my goodness. Let's go this
pump. So that gives me kind of like an idea. Maybe next week, we integrate a social fi kind of to our
topics. There's there's quite a few platforms that that we're connected to that are, you know,
kind of high profile, we can get in there. And Victor, please, we invite you next week to as well.
Fidgetl, of course. He's got something coming. Anyways, let's let's let's yeah. Please, everyone
follow everyone on the stage. I think I believe Coupe de Ville. You'd wanted to talk my bad man.
We just kind of got a little side rant there. But no, this is awesome. Victor. This is pretty,
pretty nice. What you're building. Thank you. Thank you. Yeah, let's go. What's what's up,
Coupe de Ville. Talk to us. Let's go. First of all, first of all,
huge shout out to deal on stage, bro. Fidgetl, what's up, man? I'm looking around. I'm just
seeing people. I know XFT. We was I did. I did a space the other night. It was just me. We was
nerding out at four or five in the morning talking about our business. I did. So I'm glad to be
amongst people that think like me, that are nerds like me, that are deejans like me, that
gave their life savings to crypto. You know what I mean? Like I'm all the way in this shit.
If y'all don't know me, I'm Coupe de Ville. I'm DCS crypto. I'm both of them
same up because I'm just I have two accounts. I have a professional account where I'm a consultant
and I'm also a hip hop artist and a musician and a rapper and like a big ass hip hop nerd.
So like I have the best of both worlds. This is where I belong. Web three is my shit.
I love this shit. I'm I was going to say, Coop, you're not a chat GPT rapper. Are you by any
chance? I don't know. This is a real ass. No, I play piano and guitar. I'm a real person.
I'm a father, man. I'm a single father. I'm out here nerding it out just like everybody else.
I love video games and guns and weed and candy and roller coasters. And I'm a regular person
and like people be acting like half of like they better than motherfuckers. But at the end of the
day, I love these ideas. We're all bouncing across each other because we are building the next
internet, whether we believe it or not. We are all here. We're the fuck here. Whether we want to be
here or not, we're here and we are the creators of this shit. And we can't let no one come in
here and take our shit. You know what I mean? So let's keep on building. Let's make sure we build
strong relationships. Let's not let corporate America come in here and snatch this bitch from
us, man. This is our shit. You know what I mean? So I just love y'all. I just really wanted to come
here and talk about music and after these and see what anyone has to offer to the music and
F.T. community because I'm a music and F.T. person. Well, speaking of speaking of music and
F.T., so since this is around blockchains, so where where where can we find you, sir?
And what blockchain did you choose? Oh, see, I'm terrible with questions.
I smoke a lot of weed. So I would imagine where am I? I'm in DC. I'm in the DC area.
So I'm here in DC. I'm working with a lot of regulators and regulations, whatever the fuck
you call it, like the people that make the rules and shit, the lawyers and the fucking congressmen
and senators and all that shit. I am involved in that shit. I have a fellowship with the global
DCA, which is, excuse me, trying to turn my professional voice around the global digital
currency monetary association. I got a fellowship with them. I spoke at the Black Blockchain Summit
at Howard University the last eight years. But more specifically, within the last two years,
I got offered the position. So I'm like doing a lot of shit. I'm like talking to congressmen and
senators about how to get these laws passed. And I'm like rubbing shoulders with motherfuckers.
But I'm also hanging out smoking weed with all the NFT buyers and just I'm buying shit coins.
And I'm like in a lot of weird places in real life and virtual meetups. I'm everywhere.
If you don't know me, you know me like motherfuckers know me and we're three. So I'm just
everywhere. Y'all are like, I'm like Jesus in this shit. I hang out with no name motherfuckers.
I hang out with digital crack heads. If there's a term for that shit and I hang out with the
elites, I hang out with millionaires. I know Michael Saylor. I know fucking I know people,
man. You know what I mean? But I'm just a regular motherfuck at the same time. I'm a single father.
Like I said, I like roller coasters. I like candy. I like weed. I like video games and guns. So
So we used to be enjoying coin together, brosky. Oh, shit. Joy coin. You remember that shit?
Yeah, I was going to ask that. I think the question that everybody wants wants to have answered is
on the record for the for the record. What you're saying is you have smoked blunt with Michael
Saylor. I just want to make this clear. I don't say that. I have smoked weed with a lot of famous
people. I smoke weed with like senators and shit. I can't talk about this shit though.
Yeah, you you you're you're blowing our mind away, my guy. Hold on a second.
Literally, I was just asking where can we find your music? But where can we find you?
Yeah, you're in the mix. Listen, I smoke weed with ambassadors and shit. Like I mean,
I can't talk. I'm not going to name drop, but I smoke weed with a lot of people. I can't wait
to be like the Mike Tyson podcast or web three just talking my shit in web three with everybody
because I know people, man. It's cool to be able to be yourself and not none of that half
of the fake shit. You know what I mean? Let me know when we can do shrooms together.
Shrooms is a very hard drug. I can't do shrooms. I actually has me lost. I'll be an Alice in
Wonderland type shit off that shit. That's the beauty of it. The coop. Tell them what platform
they can find your musical and bro. I think you missed the question. Yeah, that's what I was
asking. That's what I was asking. I got I got I got my I got my music on Ethereum. Tazos.
I got my music on Ethereum. Tazos. Shit. Optimism base.
I got in crypto in like 2014. So I'm like a little dusty with my clouded thoughts.
I don't know, man. Y'all can find me. Y'all can find me. I have my
website on my business page and shit. I don't know. I got a whole consultant.
So you're blockchain agnostic. You got your music pretty much everywhere.
Well, before I before I did Web 3, I was a hip hip hop artist. I got a record deal with a
Wu-Tang Clan in the 90s. And then I got a record deal with a LTD, which is a famous R&B band
in the 90s, too. So everybody knows me from that shit. But now I'm like in the Web 3. I got a
whole college degree in computer technology. So I was an internal auditor for 10 years. So I know
how to run a business. I know how businesses run. I know how shit runs from the bottom to the top,
as far as the corporate executive board and all that shit, the board of directors, all that shit.
I know about corporate government contracts, vehicles. I know about nuclear shit, top secret
shit, all that. I know all that shit. You know what I mean?
Let me ask you then, on the music note, today with Web 3, you mentioned that you put your music
in a lot of different places. And it's just, I mean, it's an artifact of being an OG dude.
You've been in the space for 10 years. That's huge. And it means you've seen a bunch of trends.
Like if you were here before the Ethereum ICO even, let alone when it actually launched,
then that means you've seen a lot of options come and go. Why do you keep your music on some of the
networks that they're on? And maybe even what is your favorite of the networks where you have
the different chains where you have your music right now?
I honestly like airdropping my fucking tokens to people that I know in real life.
And I use the Kukai wallet, believe it or not. I learned about this shit. Shout out to Alon going.
He's one third of a Draper going home, the venture capitalist firm. He's a good friend of mine's,
but he taught me about this bitch. It's like a Tazos fucking joint. And you basically,
you automatically have a wallet, y'all, with the Kukai wallet. If you have a Twitter account,
if you have a Facebook account, if you even have a Gmail account, by default, you have
a Kukai wallet address. And a lot of people don't know this. I'm giving some alpha. But yeah, man,
I like airdropping my fucking music to people that don't know shit about web three directly
into their wallet that way. And then I slowly onboard them because people get
fucking turned off by the nerd shit. You know what I mean? So I'm learning this over the years
as a consultant. You can't nerd out and talk all this rah rah crazy shit. If no one wants to learn,
you got to come at them with an easy way of learning that shit. So I just be like, I just
gave you an empty. I show them how to pull it up and they like nice. And then that's how I
run more people into web three. You know what I mean?
So sneak your way into their heart. That's awesome, dude. So Kukai wallet,
connect your Twitter, got a wallet automatically. You might have some music in there already.
Oh, I've been airdropping shit to all my clients for the last three years. They don't know it yet.
So when they finally open their wallet, they're going to be like, oh shit,
Coop Deville gave me five music NFT. So it's cool. I'm working with pools. I'm working with
a lot of dope companies. Shout out to you sick. I see you down there fam. You sick.
Shout out to Kaguya and King and them. Um, yeah, man. I'm working with a lot of dope
people, metal rides, shout out to metal rides. I'm working with them as well. So
yeah, Coop, shout out to you, man. Love what you're doing. You know,
dude, what's up? I was just looking at your profile. Darn, man. You got a lot of shit in
common. I got to hit you on the back channel for her. Yeah, man. Good to see bro. And uh,
you know, I'm multi chain always been experimenting with different blockchains for a long time.
I think that's the way to go. And yeah, man, there's a lot of, a lot of different options
out there and stuff, but that's dope. What you're doing with onboarding and everything like that.
So keep it up, bro. Love to see you building. Hey yo, were you on that whale show by any chance?
The junk junk, the money showed and shit. I just knew he was on that shit. I was like,
why the fuck is Dale not on that shit? Damn, I knew he was on that shit, man.
Maybe one day, maybe one day, but that shit, that was cool. That idea, the whole idea of it. I mean,
hey, hopefully it continues. I think that's interesting.
Yeah, I'm about to go to the park. I'm about to play my guitar and get drunk in the park and work
on my album, but I just want to divide by which I'm at. I'm a total DGN slash web three consultant
slash professional. And I want to be, you know, I'm just a little bit of all of it, but I just,
I'm off work today. I get to finally vibe out and hang out with y'all motherfuckers. So I love y'all.
I love web three. If you don't know me, know me now. I've been in this bitch since 2014
doing all types of weird shit. So I'm here. You know what I mean?
Well, appreciate you spending some time with us and letting us know, man.
So yeah, Coop Deville, guys, if you're not following, there's the called act again reset
in the room, right? So be sure that you're following anybody that was brought up on stage.
We brought them up on stage for a reason. We want you to hear from them. We want to hear about
the favorite blockchain choices that you make. It is a little bit nerdy. And here's the thing,
we hash out some of this stuff in the nerd spaces here, so that when you find those solutions that
are best for you, right, as a builder in the space, you can make it easy for your communities,
right? And your communities can benefit. You know, somebody's got to do that, that heavy lifting at
first. And we figure, why not hear now us? Because if not us, the new, right? So appreciate
you being here. Appreciate you playing along with the space right now. This is not typical for us
either. Normally, we do have kind of a more narrowly themed topic. We did the mega spaces
with alluvium, right, and the game five spaces. So alluvium, medieval empires, and a bunch of other
I have no idea what's going on.
Pidgeot, when do you have an idea? When do you have an idea?
Pidgeot will admit it to me when we were at the convention next door to the weed convention that
he's a lightweight. So he really should not, you know, you shouldn't combine those two things,
right? Space is, I think, I think you're just saying that.
Pidgeot just got a contact high from, from Koop to Bill, right? That's why you don't know
what's going on. Hey, wait, right?
They don't have a weed convention and a porn convention next to each other. We're going to be
Add NFTs into the mix. That's exactly what happened. It was confusing as well.
A weed porno NFT convention would have me lost in La La Land for like 10 years. Yeah.
I would. Y'all wouldn't see me for 10 years out there. Bitch, yo.
There were some more playmates at the convention. I think that's about as close as it got to a porn
convention. There was actually, I, I, I pitched you with the product that I've now built,
which is interesting. That was like, what, four or five months ago?
Yeah, no. And I leaned, I leaned all the way in. I'm like, let's go, dude. Tell me. I need to know.
I need to know about the earliest phase. So, and it's, and it's about to happen. So we're
yo, bitch, bro. I showed you my product and you ain't show me your product, bro.
show me. I totally, I totally had big suit ass and titties and all of that for the men
and women. Like that shit would be crazy.
Yeah. I'm not good at marketing. Yeah. That's what we're here for. Let's go. Let's go.
Come on down. Come on down. Get your haptic suit right now.
Rise, rise. Corner, corner store haptic suits.
Oh, NFT haptic suits, man. This is awesome.
Music. What's up, man? Yeah. So the secondary market secondary market is going to be pretty
funky for that. I know those, I know those mocap companies are definitely going to go
bankrupt, but they say, hi though. Like all those motion cap club companies and motion
captain, they're going to be done with the suits. It's a wrap.
There's going to be some dusty little underbelly little city ass town. It's going to have run
down as haptic suits like no one wants and shit. Like what are you talking about? They
got the Alibaba suits, bro. I mean, it'll literally shock you when you don't do anything.
So that's, that's fantastic.
Like total recall. Like, can I get a haptic suit, please? And the ghetto.
Yeah. It'll be outskirts of Las Vegas next to all the, the third rate brothels be like,
okay, haptic suits next door to the brothel for haptic suit.
Maybe like bloodstain haptic suits and stuff. This is nasty. You got it nasty.
Come stain old used as haptic suit. Yeah. All right. I'm the next. Let's go.
Used NFTs. Let's go. That's going to be the next one. Used NFTs.
Double wrapped and bridged using inside. Just turn him inside out.
Where's this going? Anyways, use it. What's up, man? What you got going on, buddy?
Hey, thank you. Thanks to the host. I wanted to show you shop and coop vector,
digital XST bill. A lot of great people in this space. Let's see. And for style below,
but yeah, a little bit of background by music. Founded in 2016, originally started off as a
technology company. It was creating mobile applications for independent artists while
also having a whole slew of mobile applications for ourselves. We had a mobile application allow
for you to basically access all the podcasts that you can find on Apple music and everywhere else.
We had another mobile application allow for you to stream music. Basically all the music
you can find on YouTube, Spotify, and everything was accessible through. Unfortunately, it was a
loophole in an API that still exists today that we don't support that we were trying to be a
whistleblower about 2017. We also deployed the first one of the first music cryptocurrencies
for the music industry, which was originally using token. It was originally designed to be
a stable coin to allow musicians to pay for features, studio time, that doesn't need locations
and such. And then when we went to go release our cryptocurrency wall at the app store,
Apple basically refused to allow it in the app store simply because it contained our depth for
our musicians. So we started creating dApps for our Ethereum wallet that allowed for musicians
to be able to accept payment in the wallet. You know, you'd be able to invest into the
musician through the wallet. And so we spent a year battling back and forth with Apple
before we just decided to say, you know what, fuck it. Let's just scale back. Let's rebuild
everything the way we need to in a way that's modular. And lo and behold, that shit took like
six years. So six years later, we finally came back out of stealth, built the utility up,
got our ecosystem out, have our launchpad, our multi-chain launchpad. And so beyond deploying
dApps for artists, we're actually able to deploy tokens as well, providing utility with those
tokens within their dApps. And our dApps, when our platform allows for them to pay for eCommerce
goods with their token, you can also token gate certain parts of their platform. You can also
mint an ERC1155 token and then see with their token from the platform and more.
But basically, yeah, we believe that music coins have the potential of meme coins. We believe that,
yes, memes are great. But, you know, rather than showing a meme on your timeline, supportive
musicians, supporting independent artists by showing their song on the timeline with the
contract address, I believe that artists like Dil, Coop, Deville, they're literally innovators,
they're pioneers in this space. They aren't just musicians. These people are adopting
technologies in real time. They're testing out new protocols in real time. They're putting
their IP on the blockchain in real time. And they are docs as well. So in many cases, you think a
lot of these devs, I didn't call them devs. If you can deploy a token, you're not a dev.
Our platform allows for anybody to deploy tokens. I don't want to call somebody who can deploy a
token a dev. That does not mean that there's a dev behind it. But when people are investing
like meme coins, they don't even know the devs. They don't know the motives or the background,
the history of the person's story in most cases. But these musicians are here every day, bull or
bear, pouring into us, showing us who they are, showing us what they're going through.
So for me personally, I'm like, yo, if you can look on Chain, you can see how many,
what the volume of this musicians NFTs have done, or how many mints they've minted out.
If you can look at their marketing, you're like, yo, this person's solid marketing.
Why would you not want to be able to invest into this artist? So with us, we try to do everything
as best we possibly can as far as being self-sufficient, because we believe that if we
can teach people self-sufficiency by being self-sufficient, then we're practicing what
we're preaching. So we are a self-funded company. We've turned out quite a bit over the years.
And it's because we want to make sure that our actions and our intentions are that of our own.
We want to make sure that the way in which we're building out is because we see how the
market is developing and not because our investors want us to go and reach a certain milestone to
raise another series of funds or exit. So with us, we demonstrated our utility about 30 days ago by
launching Kaguya on Polygon, the world's first musical on Polygon. I launched it at one third
of a penny. It is currently sitting at $4.30. Kaguya is a multifaceted artist. She's a well-known
model. If you go in Target, Apple Sephora, Apple, you're going to see her face everywhere.
And then, yeah, she came back to music after 10 years of being away from it.
Some of you all of me have heard her song, Wi-Fi, playing in some of the music spaces.
So shout out to Wi-Fi. I love Kaguya, man. Wi-Fi, anyway.
Appreciate you, Coop. I'll be honest with you. That woman saved my life. So in 2017,
after we deployed our cryptocurrency on East, the rest of my business partners at the time thought
I was making the business look too techy. They said, oh, blockchain is making music look uncool.
And I'm like, nah, music is technology. And unfortunately, with some people that I brought
into the business that I grew up with, they're really good friends of mine. So when they started
moving weirdly and such, I had to part ways with them. And it took me a while to really warm up to
working together with a bunch of new people, which is why I did building stuff for six years.
I didn't really want to entrust my vision in the hands of others. So I felt like, yo,
I need to become self-sufficient myself. I need to teach myself everything from
blender and 3D design to even music production, everything I possibly could,
so that any day no one could tell me no, and then my vision stops there. I had to make sure that
regardless of whatever fucking answer I got, whatever door I knocked on, that I could always
progress forward and at least demonstrate and showcase what the potential could be.
And so over the last 10 years, I've developed over 100 mobile applications. I have a technology
licensing marketplace, which I white label technology to non-technical entrepreneurs,
enabling them to go from idea to app store 90 days or less and for 90% less. And so I've taken that
same model and approach to creating sustainable solutions for independent artists in the music
industry. We have a couple of large artists who are really fucking large, Web2, Web3. And then we
have a lot of small artists that we're working with as well. Artists like Dil have been a great
catalyst for bringing adoption to musicians and tokens. And since I met him, he's been doing a
very diligent job at educating the community. And I've learned a lot as well. I've been a builder
on chain for over eight years now. And so for me to be around people-
I know, you just said Dil is diligent and not to cut you off. Dil is very diligent. I'm just,
I'm going to learn. I'm going to be here being smoking weed and listening. Dil is very diligent.
Continue, continue. Dil is diligent. Facts. 100% of that. It's beautiful to be around people in
which I can learn from. I'm from the Midwest. I'm from Columbus, Ohio originally. So I graduated
from Ohio University. It was the number one party school in the nation at the time. And I was the
only one of the only people building something at that school, which when I got my first investment,
my junior in college, I built a mobile marketplace, like an offer-up style marketplace for college
textbooks. And I named it My Campus. And why? Because that shit was my campus. I went there,
I transferred there, and I basically ran that shit and knew everything that was going on and
wanted to have a hand and such while creating a marketplace. Well, that marketplace ended up being
the catalyst for me in set because I ended up licensing out that marketplace for the next seven
years to 200 entrepreneurs around the world for them to get their start by deploying their own
mobile marketplaces. So it's just cool to be here as a builder. It's cool to be here as a student of
the game. It's cool to see everything take shape, right? There's a lot of protocols and shit that
didn't exist back in 2017, back in those ICO days. And I'll be 100% honest, I'm a minority male in
America. The idea of running an ICO back then scared the shit out of me. So my original token
stayed in my fucking founder's wallet. It still fits my founder's wallet. And we went ahead and
deployed a different contract this time around. We have an anti-well contract. Contracts were
now liquidity locked for two years. Contract doesn't allow for more than one person to hold
1% of the supply. No more than half a person supply can be transacted each transaction.
And thanks to Sabler, we're actually going to be introducing streaming awards, which means our
holders on ETH will begin receiving claimable passive streams of airdrops from various music
coins that we launched from our launchpad. Our launchpad allows us to launch tokens on Ethereum,
Arbitrum, BNB, Phantom Opera, Avax, and Polygon. So far, we've had a great run on Polygon. The
community over there is very mature. They're very open and then adapt to new technologies. And I
think it's just an open playing field right now. A lot of people aren't really building in this
space. And at the time, they should have been. They were waiting for BTC to get back up before
they started building. It was like, no, people at XFT, Coop, Fidgetile, Dell, we've been here
building in the bull. Building in the bear does not fucking matter. We are still going to be here
because we understand that this industry is what's going to save this world. I don't think if anyone
hasn't wakened up and looking the fuck around this country, this world is deteriorating at a rapid
rate. And it will through blockchain, through tokenization, that this world has a chance again,
because the powers that be, the centralized entities that have all of such right now,
they don't give a fuck about the small people. And they consistently keep flexing that every single
day, that they allow for everything that's wrong in the world to continue to go down. So for the
host, thank you for allowing us to nerd out on your stage today. Let's go. Let's go. And again,
this 24 mama mentality, all your love. Let's get it. You know, some say that originally you failed
because you didn't go to UOM to saying some would say that. Oh, wow. Got to pull out the zinger.
Oh, hi. Anyway. Yeah, no, this is this is awesome, man. That's that's an incredible journey you put
us through, dude. This is I mean, this is something that if you're you're in the audience or in the
replay and you're, you know, you're thinking about pulling the trigger on whatever, you know,
niche of field you're at or some idea you have. I mean, come on. The stories that are here just
absolutely incredible. I mean, this is this is amazing. This is something that, you know,
however anyone feels about, you know, feeling, let's take feeling out of it. But whatever you
feel about, you know, Twitter and spaces, toxic, all this garbage, blah, blah, blah, just got to
latch on to green spaces like this one. But we media or or even any of those spaces as well,
or any any of the other panelists here that that are doing positive things with, you know,
wherever they're at. I mean, I was on I had no idea I was on I was telling Seth this before
because he he has been frequently going on the spaces. He never shared it with me. I was so
kind of, hey, aren't you my buddy, my partner, business partner, what's going on here? But
crypto bill, he put the boy he he hosts a spaces where it's not so much crypto focus,
but more or less development, which is, you know, shout out to him and what he's doing,
dude, it's it's it's something that's pretty that's very much needed. And it's not a lot of
people getting together saying, I don't know, listen, it's actually really thoughtful conversations
about, you know, mental development and forward. If you guys haven't been there, please check them
out. It's fantastic. I forgot what days he hosted on usually invites me. Yeah, exactly. It's called
the Billy Go Tales. And that's why and that's why, you know, I didn't I didn't when they invited me
to be to be the featured speaker on that particular episode. It was just one episode. So I was like,
you know what, I'm gonna I'm gonna do this one. And then and then and then you were part of that
one as well. But they're doing an entity collection that they are recording in Twitter spaces, right
they have the hashtag trending givers game, right. So got a lot of domain experts, man, some of the
stuff like you're saying, that we just heard from Yuzik and Kooteville talking about their stories
vector talking about the the struggles of building what he's been building. And then of course,
the victories of building what he's been building in the direction they've been doing, getting that
extended runway by by by ringing every last drop of alpha out of every network that he needed to to
execute that vision. Those are the kinds of user stories that they're they're gathering,
they're recording them in Twitter spaces, and then they're minting them as a limited edition NFT
audio book, right or podcast book course, right. So, so they're doing really interesting stuff
where they're taking these conversations that we have, right, we just, we're just trying to get
inspiration from each other. And with them, they're like, No, hold on, we need to formalize this just
a little bit. So it's a great space what they're doing. And then they're, they're memorializing on
chain, they're, they're making it or immortalizing it on chain, after they record all of that.
But yeah, Jay note that that's why like, having guests like you on the regular spaces and getting
those sound bites. That's why it's been such a powerful project that they're working on.
But you know, that's just spoken word. That's just spoken word. I mean, we've got recording
artists here on stage that inject that same amount of emotion and intelligence and an alpha
into entertainment. That I think is that that's, there's something truly magical about that. We
had some hands up for just a little bit of time except even want to get to your hand,
because you've been waiting a minute, but it's ready to fall off and then coop develop.
My timing is always off. It's like hopscotch. I don't know if I should jump into the conversation
or just let, let folks breathe. In talking about the music web three, I mean, I don't talk about
my music side enough. But don't forget to throw my name in the conversation. Victor blockchain,
now Ibrahim zero X. I do a crypto rap, encrypted rap, Bitcoin is encrypted in the lyrics. If you
decode the lyrics, you get the bitcoins out of the song. I've been hiding bitcoins and music
since 2016. And I think that's the ideal version of an audio NFT. It's really cool to hear that
folks converting Twitter spaces conversations into NFTs. That is fantastic. I'm a firm believer
that Twitter spaces does not replace the need for paying consultants. We can share some valuable
insights in this in these spaces that nobody gets compensated for rewarded for. And that's,
that's not good. And it's really cool to hear that folks are finding a way to get the value out of it.
No, 100%. And beyond that, I mean, like you're saying the consulting, the consulting prowess
that's on stage right now, that I mean, I'm going to venture a guess. Literally, literally,
everybody on stage has built consulting hours outside of Twitter spaces and use Twitter spaces
as a bit of that social proof, right, and lead generation. So, so on the one hand, you're right,
we don't directly monetize these spaces, but on the other hand, man, a long tail,
the funneling effect of these spaces, it can't be overstated. Coop, what's on your mind?
Wow. Well, hey, yo, so I'm smoking weed and shit. What did you just say,
fam? Like we was just talking and shit on our space. What was the thing? You just said
something that made me, it triggered a thought, but I lost it that fast. Bro.
No, XFTP, XFTP just said something and I was thinking about that.
And I was smoking weed and I was like, that's just epic.
Yeah, encrypted rap. Bitcoin is encrypted.
Oh, yeah, yeah, yeah, yeah. So look, so look, now I know what I was going to say. The encrypted,
yo, dawg. So look, I'm going to drop some super alpha. I shouldn't say this, but I'm going to say
this. Y'all remember growing up in the 1980s and shit, the pop-up books and shit.
Anyone remember that shit? Anyone? Thumbs up. Chopping. Anyone?
The pop-up books and shit. The spot. Remember the spot book.
So look, imagine we do like a NFT book spot type shit, but it'd be like infinite zoom,
going in the bitch or zooming out pop-up book type shit. I have this idea. I want to work on it.
I know I shouldn't have said it properly, but now I said it. So it's documented.
I'm going to work on this, which I can't do this by myself. National Geographic.
I'm trying to get them niggas in my corner. I want to do some dope ass shit, man,
like photographers because National Geographic has the best photographers.
I love photography. My things in life, y'all, is crypto, hip hop, and pictures and shit,
and weed, and candy, and roller coasters. I said that already, but yeah, hip hop,
and candy, and weed, and pictures and shit.
I used to have a good friend who was a contact in that geo, but I don't know. Maybe we talk about
that. Dams are open. I don't know if you want to talk about that, but it sounds like that's what
you want, but I don't know.
Oh, and I'm working on my album. I need some help on that. So anyone that wants to help me
with my album, like digital animators, holla at me. I did my first music video with a recursive
identity. Shout out to him. He's a dope ass animator. Shout out to Digital Bowbird and all
them cool ass infinite zoom motherfuckers, but I'm drinking beer and smoke weed, so someone else can talk.
Let's go. Shout out to music. We got some of the music
fam in the building right now. Let's get it. I'm excited for this year. Like, I will say this,
like sitting on the sidelines the last two cycles, just building on stealth and watching
a bunch of dog shit projects and whatnot come out, rug and whatnot. I think that there's a lot of
solid projects that are going to get some attention in this cycle, so I'm excited to see it.
Hey, next year, me and Fidgetl are going to have a commercial in the Super Bowl,
maybe with the help of everyone else in this room. I swear to God.
Fidgetl still doesn't know what's going on. Oh, you know what's going on,
Fidgetl? Your name just got called. Not well. I have no idea.
I'm not going to save you. Waiting for you, buddy. Waiting for you.
The room is silent, Fidgetl. We want to see what's going on. What's up? We want to know if we're
going to have this. What's up? What's a Super Bowl commercial cost nowadays? Isn't it like,
like five mil now, six mil? I mean, it's just a couple of things, you guys.
So come on, we can put some Ethereum together and get that shit popping, man. Come on, y'all.
What if we would have had a commercial?
If we would have had a commercial, y'all, that shit would have been crazy as fuck.
If we'd have all put our money together and got a commercial
for some way of three shit, been like, come on over to our shit.
Yeah, I think you can talk about music.
Now, go ahead. Sorry to cut you off.
No, no, do you think I'd love to talk about music,
NFTs and virility and how, has anybody done basically on-chain masters and
controllable licenses on chain yet for music NFTs?
I don't know this answer to this question, but I bet via letter or Sammy does,
because those, they know that. I have a license built out for all my collectors and holders
and it's a limited license, not full ownership.
No, it's not on-chain right now.
It's just a off-chain document that applies for everyone who holds the token on-chain.
I'd like to put it on-chain if it was in a format where I could easily make changes to it,
because maybe at some point I would have an unalterable version, but I'm not sure that's
in anyone's best interest to make it completely unalterable unless you're maybe giving 100%
rights. But for me, I'm not necessarily giving everyone the rights to own all my music,
but all of it comes with limited rights to use the music, which is, I think,
the direction that a lot of artists are going, and maybe you give them full rights on certain
things. That's how I would look at it, at least.
Hey, Dil, not to cut you off. I have a question. What is this commercial commons license and all
this other fucking license shit? What's the difference between all that shit, yo?
I think creative commons is just when you're just giving it away or something like that.
You're just putting it out there for anyone to own it, I think. But I'm really not sure how it
works or everything. But I know that I'm not necessarily interested in giving up all of my
copyright. I also think that in certain cases, that's not necessarily the best incentive for
anyone, because especially with music, I think you want the artist incentivized to grow their music,
and you want the artist to have ownership. And ultimately, that's probably the best for the NFT
collectors, too. Now, unless you're coming at it from a different angle, where the whole point
is that they're buying the IP and then doing something with it. But I also hesitate with that,
because I think that giving full IP ownership sometimes is an excuse to just be a little bit
lazy on the team. Now, some projects have done it well, right? But other projects we've seen
say, oh, you have full IP ownership, and they kind of use that as an excuse to not build
anything. And so I think there is a balance of the creators, especially with music, the creator
and the artist should keep some of that or a majority of that IP ownership, in my opinion.
Now, if they want to give up some, or if they want to make certain things where you're giving
all ownership to collectors, I think that's cool. But I do think that artists and musicians
to own their brand on some level, because they're going to be so essential to promoting it.
I mean, I just think that it's important. As a musician, I'm interested. Why? Because I'm not
interested in, as a musician, of giving up ownership of my entire brand. Because I think
it's full of uncertainty. I don't know. I think that we want to retain ownership of some of our
masters. And, you know, it sounds like doing the Y lesson like a kid, like, why, why, why, why, why?
I think that people have not thought through the product fully enough. And they haven't thought
through the ripple effect of distribution and taking advantage of core ownership and the
mimetic and provocative capabilities of Web3. So I'm asking a question, not because I'm trying to
shit on you, but because I think that most people are treating music NFTs like their image NFTs, and
they inherently lack the virility of music NFTs, and they face of PFP or art NFTs, and they face
a core issue of competing with existing distribution models. So understanding what
the product or the asset is, I think is not properly being done by most music NFT people.
That's it. Let me frame the question why into two other questions, two other questions that
sometimes help, help to unpack it a little bit. The first one is so what? And the second one is
who cares? So literally, I mean, this is this is this was just a key that really a college professor
asked me as they wrote it in big red letters right on an essay that I wrote once. They're like, so
what, who cares? I was like, well, that's fucking rude. But then they said, no, no, no, those are
like, so what? What's the big impact? Like you're saying, what what is well, how is it going to be
disruptive? And then who cares who has the greatest incentive really? So so when deals talking about
some of these business models, I mean, not to be disrespectful, but I think those are the two
questions, like, what's the big deal? What is being changed? So so what? And then who cares?
Who's got the the financial interests? And how do they how do the financial incentives
realign based on based on what you're proposing?
Yeah, you're cutting, you're cutting through the toxic positivity and going to the direct
route. How the fuck is this shit going to work, motherfucker? Is there a group? Is there is there?
What's your focus group? Where I actually am trying to cut to the toxic positivity,
because there's a lot of the shit where we talk about, you know, all we all we do is vibe in web
three. And then we wonder why we get rugged in web three consistently. And it's like, dude,
if all you did was vibe, you didn't pay attention to how the money flows, you didn't pay attention
to how shit actually works, you can study it from a distance. But if you don't get your hands dirty,
and then figure out how are we really changing it, then you keep getting right and you keep
wondering why you're fucking broke. We need more cutthroat motherfuckers in web three to be like,
that shit's not gonna fucking work. I love you. But this shit's not gonna work. How the fuck do we
fix your idea? We fuck with you. But your shit's not gonna fucking work. That's what we need more
in this web three fucking Camille drop. Exactly. It's tough love. When you're with the homies,
they will tell you, right? Like, will somebody who really cares about you, let you walk outside with
you know, like, like whatever dog shit smeared on your on your fucking shirt. No, no, if they
really care about you, they're gonna make sure that you that you um, yeah, put your poop in a group,
you fix it. Yeah, look, I have been echoing these very same sentiments for at least three, four years.
All right. And explaining to folks that audio NFTs are not image NFTs are not video NFTs,
you have the opportunity to do things so much different than you know, all the ills that you
talk about in, you know, in the current music industry, you have an opportunity to completely
revamp that and do it differently. And we go back to the licensing conversation before the XFT
marketplace issue folks a license, it expires in a year, sell it to them. If you want to sell the
license for 5000 bucks, 10,000 bucks, you can do that. Right? You can eliminate so much of the
fluff and just get directly to here's what I have to offer. Are we going to transact or not? So much
simpler. How does the license expire? It's written in the smart contract that it has an expiration
date. So the NFT disappears self destructs? It doesn't disappear. But you can write conditions
to check the expiration date of that particular license. And if it has expired, then the person
can no longer use your material. What code is law, my friend? Why is any of that better than just
saying if you hold my NFT, you get access to this license and not have it on chain? Because it's not
it's not dynamic. So the core idea is, why music on chain? And it's hard to answer. It's hard to
answer. It's hard to answer. Why have that on chain? What if a solar flare happens? What if a
solar flare happens and the internet gets wiped the fuck down? How do we keep our music NFTs?
It's still off the river. You use wind, you use something else to keep electricity.
Wait, wait, wait a minute.
To answer Dale's question for a second, that licensing option is better because it's a revenue
stream. If it expires annually, then they're going to renew it or not. You're not going to just make
money from the sale of the NFT. And that's it.
Well, that wasn't what I was saying.
Oh, no, no, I was going to say.
No, no, no, go ahead. Because I was going to I was going to
the bill real quick. But no, no, go ahead.
If the dynamic of the asset is not on chain and controlling the asset, then
it's a gimmick, in my opinion.
The unchained problem is easy to solve.
You can write another mint contract that stores it on chain. That's sort of a complex problem to
solve. No, now you're floating existing assets into the ecosystem that arguably don't have
controlling interests, but represent some sort of ownership.
So, again, if the code doesn't control the contract and it's not a smart contract,
I don't see the reason of putting it on chain, besides for the world to disappear.
Also, let me say what XFT said about being able to roll the tech forward.
One huge case study there is just punks, the original reference NFT collection on
ETH. Wrapped punks proved that it's viable. Moving forward, it is viable to roll collections.
As long as the IP has enough value, and as long as the community is genuine enough,
and it's not all fucking bot traffic or whatever, then it can be rolled forward. It can be made
viable moving forward by just improving the tech stack that it's built on, as long as the IP
matters enough. Yeah, I think also another question for me is like, what is your goal
in using the tech? If your goal is to put your ownership on chain, and that's your goal,
that's great. The other question with music is, what is the core theory? Is the core theory that
by giving people all of the ownership or more of the ownership, that's going to make them
listen to the music more or enjoy it more or be a bigger fan? I mean, I think that question is
kind of up in the air because I personally see that most of the NFTs that have been successful
now, the artists are keeping most of the ownership of their music for the most part.
I think those have been the most successful in driving an audience. I haven't seen someone
like really in our community or in the Web3 community that has built a huge audience around
saying, well, I don't own this music, everybody else owns it. Maybe that will be something that's
big in the future, and maybe I'm wrong. Maybe there are some good, better examples about that.
Bill, that's the issue. The issue is trying to bridge a gap between for validity and speculation
and not understanding the latent reality of the asset class that you're trying to compare.
Essentially, they're non-fungible, and I use that intentionally. They're non-fungible assets
in terms of what the approach is, and the confusion has been approaching music NFTs like they are
art NFTs. That's where I'm trying to highlight that the delineation of rights or the decision
making process of what you create and how you distribute that is actually a benefit to music
NFTs that most music NFT creators are not digging into. So when I asked why, why, why,
it was to dig into when an asset doesn't have the core, and it will get identity, right? So
metaverses are incredibly beneficial to music because it allows you to create the equivalent
of virility in terms of an audio experience within a digital ecosystem. But unless you're
approaching and understanding that lack of virility and the collectability issue in terms of
access, then yes, it's a poor approach to what could otherwise be a very interesting
dynamic asset class that I'm looking forward to hearing about people approaching properly.
Yeah, I mean, I think that music NFTs are exciting. And for us, personally with Bill,
I've had I think that it makes sense to separate the two ideas of okay, one part is ownership
control of the music and rights to use it. And the other part is more related to the monetization
and incentive structure of the music, right? And so that's why we created Dilcoin. Because I wanted
to sort of parse out the side that was an incentive structure that was more related to
growing the music, the virality, like you're saying, right, having some incentive for the
virality, but then also having the token side, right, and this can be done through Dilcoin or
through the NFTs. But the token side, that's more related to the ownership of the music. And of
course, there's licensing rights built in. And it's kind of built in across the ecosystem. But
I do think that there's creative ways that we can sort of separate out that virality part,
like you're saying, where we can actually reward people, not just for their on chain actions,
but how are we going to reward people who go out and support off chain, which is important for
music, right, especially if we want to break into virality and even break into the traditional music
industry with some web three artists. So yeah, this is a good conversation. There's like,
a lot to be discovered and explored in music and NFTs.
So, Dil, speaking of discovery and exploration. Sorry. Yeah, so yes. Thank you, except for
bringing up that concert. I wanted to briefly ask for this ambiguous. Right. That's my $5 word for
asking. Help me understand the difference. You keep saying the word virility. And Dil keeps,
I think, correcting you and saying virality. And I just want to know, do you mean it's you mean,
it's Chad like, and it's like really fucking strong type a, right? High T virile. Or do you
mean it's gone viral and it has meme qualities? Help me understand. Cause I think you may have
met the former. I met, uh, is that a banana in your pants or are you just happy to meet me?
Fuck yeah. That's what I thought. Okay. Let's go. You're both right.
So that's what I mean by, I think you're having two different conversations.
And I can't stress enough that if you're building in this space, it's very important that you find
and use the most advanced products in the space to make sure that you're building something that
is equal or better to that. A lot of folks are building on outdated technology. That is just
not going to be the same in the next year, two years. So as a music artists, are you trying to
be famous with virality or are you trying to give your fan base, your listeners ownership,
or do you want duplicated ownership of you owning some and they own and some, um,
this has to be simplified a little bit.
I would rather give a Lamborghini away than buy myself a Lamborghini if you think about it.
I think most people want the last option, which is like the artist owns some and the fans own
some. I think that's the way that it's trending. Well, they'll, let me, let me, let me ask you.
Doesn't work like that. I own it and nobody else owns it.
Well, no, you can have shared ownership. You can have shared ownership.
Yeah, there's, there's shared ownership in that and into the, into the, the master contract,
but let me, let me ask you this. So what is the benefit outside of let's say me being a hyper fan.
Oh my God, I own a piece of you. Oh my God. I want to stalk you, you know, outside of that.
What is the benefit of me owning a piece of your right
of your music? What is the benefit of me besides, besides the collector or the, or the hyper fan?
Just a question when it comes to the right. Yeah, great question. When it comes to the
rights for the music, if you own a million deal or one of my NFTs, you can take that music and use
it within your web three app or something that you're building here. You can use it within
promotional videos, stuff like that. You can have the rights to use it. Even a YouTube video,
if you want to monetization rights, stuff like that. Now I'm not saying you can take my song
and go get it placed in the next big Hollywood movie and take home 50 K and give me nothing,
but it's detailed in the license that if you do find that kind of partnership,
you can propose a partnership. So we do have that kind of business dealing detailed in there. So
I mean, it's pretty comprehensive covering a few different use cases for music. And it gives
if I do without your permission, how do you, how do you enforce?
Well, I think it's just like any other time when someone could try to take my music and submit it
for publishing without my permission. I don't think the NFT itself inherently changes the
likelihood of someone trying to use my music without my permission. Shouldn't it? I mean,
it changes, but it does fundamentally change what rights they have to use it. But if they're going
to go outside of the bounds of that I've set, then yes, they're, they're going, you know,
violating my copyright. And so that's an issue that exists currently. And the blockchain can
help it, but it's not going to solve all issues of copyright infringement. So I do think that
owning the NFT inherently changes the rights that I give. But it doesn't give you the right to say,
all right, now that's your song to go put into a movie and make 100 grand and keep all of it.
Because personally, I don't, I don't want to give up all of my catalog rights, right? I do believe
in a model where the artist has ownership. Let me ask it. So we've got hands up and we're
going to get to my desperate one here from crypto wonk who just joined the stage. And of course,
sweet protocols on stage with that with hands up and coop has got the hands up. So we want to get
to all those hands. But let me let me just quickly invoke an acronym. ASMF CAP, you might know it as
the Association or American Society of motherfucking composers, authors and publishers formerly known
as ASCAP. But today, you know, today they put on the mantle. Are they still relevant? Are they
still even relevant? Are they even part of this conversation anymore? Is what will they even touch
web three? Where are they? Where are they for the artists and the composers? Just wanted to throw
that out there wonk. What's on your mind? Thanks. My name is I was gonna stay out of this conversation
and just listen, because it was originally about which chain to stay on. And I actually don't care
which random group of strangers be wearing which random changes a lot of thing to work. But when
we started getting on the music, yes, I work in politics, but my other job is in media. And I
think, I think when I can conservatively say Dear Slim was one of the largest NFT music projects
that has been done out there. And I spent two and a half hours just last night prepping it next album
launch with a couple of the groups we're working with out here and trying to justify a reason to
bring this in to web three and to do NFTs. And I can't come up with one that doesn't straddle the
border with social five. When I listened to fidgetle, who I think just got rubbed, did he just leave us?
When I listened to fidgetle, he was so on point, I don't have a good justification to get back there.
So I'm really interested when somebody's gonna tell me why when we talk about ownership. Sure.
We talk about copyright. Sure. But the rails aren't there. The infrastructure isn't out there
to the degree where it makes sense for somebody like Tom, who's stunningly successful and can
go viral all on his own as you just proved with Ben Shapiro. When I sit down with him and tell him
why I need him to go back to do another web three, he spent a hundred grand to buy beef
from Eminem and he broke the internet with your Slim. But we didn't pump that back out as another
NFT because there's no justification yet. The user base isn't there yet. So somebody on the stage,
please give me a solid reason why I can sit down and tell the band whose album launch I'm shooting
last night, why they need to move this thing and straddle the border with web three.
I have the answer, you know, you need a tax, you need a tax compliant solution, first of all.
And then you need a dope ass team of everyone, whether it's marketing, legal compliance,
uh, like fuck, guerrilla marketing, put the fucking NFTs out in the streets,
put them bitches on all the escalators everywhere and let them bitches roll around
and whoever scans them gets the first 100, like have a whole dope ass marketing team.
I got your back, man. I've been doing this shit for 10 years. Coop Deville dropped the mic.
Let's go. Yeah. I mean, I think that's one option. Like there's still a chance of making big sales.
There's other option also of just saying, well, hey, let's throw a couple songs on sound XYZ
and, you know, see if they sell where you, you don't necessarily go all in and break the internet.
But also I think here's the answer to that. So wait, so I'm gonna, I gotta drop a little
stinger. I gotta drop a little stinger in here as well. So you, you sound XYZ, that's the platform
that, um, somebody, it wasn't an important guy. All right. Fucking Snoop Dogg. Okay. Sorry. That one.
That sound XYZ, right? Yeah. Sound sound is a great place to drop that. That doesn't require
a ton of effort and it's more like having it on another iTunes. So that's one option, but also
who owns that shit? Hold up. Last thing I want to say is this. I think the unhappy or whatever,
not happy truth is like, look, if you wouldn't do crowdfunding or go out and that's not the level
of financial, you know, wealth you're at, like maybe you shouldn't do NFTs. If, if this artist
is far enough in their career where they wouldn't want to do some kind of crowdfunding and they
don't really care to have their stuff on the blockchain, you know, big artists could probably
make six figures, uh, you know, as a goal, even in the bear market, uh, it's possible. But if you
wouldn't do like some sort of crowdfunding, then maybe it's not necessary for you to release as an
NFT, at least not right now in the bull market revisit the idea, right? And maybe in three to
five years it will be more viable, but I do still feel like music NFTs are closer to like a
Kickstarter fund than they are to a sustainable model to consistently sell records. That's for
sure. But there's artists who need that like me, like I'm not at the point where my music is going
to make enough money to sustain me without web three, but with web three, it's helping me a lot.
So it depends where you are in your career as an artist, but I do agree that right now where the
market's at, we need more growth before it's going to look super appealing to celebrity, but others
like Snoop Dogg have made it happen. Just to, uh, just to, uh, put some, uh, perspective on this,
if you ever want to make it without web three, apparently using bot farms is the way just saying
just putting it out. Yeah, that's pretty good. All right. So let me take a stab at the gentleman's
question. Um, it's two parts. One, think about the current NFT space as the assets to a video game
being created before the video game itself was made. All right. The video game layer is slowly,
but surely being added on. Imagine the kind of experience that you're going to have with your
vision pro as compared to now, right? Um, you look at the history of NFTs, the ones that were
on chain years ago, freaking rock is being sold for half a million dollars. So just as an artist,
being able to say that you have a timestamp proof of you have this art on the blockchain,
it may not get a reward for it now, but maybe 10 years down the road it has value.
But I think the most important part here, if you're an artist, you're creative, then you should love
this new terrain that expands your ability to create so much more. The NFTs replace your music
video. One song could have a thousand different pieces of art that go along with it. One song
could have encryption in it. It tells the story so much differently. You encourage global
collaboration from artists all over the world who want to contribute to a song that they were
touched by, right? There's so much more that you can do as an artist if you enjoy being an artist
in this space than just, you know, looking to see where I can fit in. You know, instinctively,
I hope that an artist artist would just love the size of this new canvas. So I don't think it
should be a difficult answer for him to decide if he wants to participate or not. So the argument
in favor of art for art's sake or the exciting tech and the new cool widget and the amazing thing
that we can do is solid for an artist. It's terrible for the music business. On the business
side of it, I don't have a business reason. My man up here who jumped up talking about we need
a new team, we need this, we need that. You're right, but we're doing this thing as an independent.
Tom McDonald is the largest selling independent artist on the planet for a reason. He also has
hardly anybody I know. I've worked with him since we got 5,000 views on a music video we shot in my
basement. And I can't give him a solid business reason that says, hey, let's go out in this other
area here where the user base is a fifth of what it is where you're out there. You get 5 million
views in five days and you end up all splashed across mainstream media right now by doing things
the way you're doing it and integrating in the web to world. I don't have a solid business reason
to push him forward. And now I'm putting my little underground music scene book project that we're
doing out here in Los Angeles. That's going in an NFT because I'm a DJ and I believe in this space
and I'll keep fighting for it. But when I work with artists who are popping now, I don't have a
justification to give it to them. The argument that if you're not popping now but you want to pop later,
that's a solid one. There is a chance to hit an untapped market. But for a guy who's going off
now, either you're going to be Snoop Dogg who's sitting at the top of the world and want to make
a legacy about the future, that's one thing. But from a business standpoint, I need something that's
I think you said the answer yourself there, which is about building for the future, right?
And I think that's another way to play the kind of lower investment game where maybe you say,
okay, we're going to do a free mint to save on sound XYZ, get some more Spotify pre-saves through
that and start building up a few hundred and a few thousand collectors on the blockchain.
Because when the bull market comes, if you have those few thousand collectors built up on chain
and then you come with a drop that's designed to raise five, 10, $20 million and fund a tour,
then you're going to be a lot more capable of doing that. So I think you know the long term play
is where it's at. But I also think that the business question is answered. I mean, how much
are you going to spend making a music video? You would spend a tenth of that to release in a 10,000
set NFC collection. You can still have the songs streaming on all the platforms.
It's just that now you have a different version of a music video than before. That's actually
a revenue stream. My friend, I've been making music videos out here in Hollywood for the last
10 years. And with the exception of Cardi B, I've never never once spent more than 15 grand on a
music video. Just the cold heart reality on it. Yeah, we spent 1.6 when we did Cardi B,
but I've never spent anywhere near any of that of what it's going to cost us for an NFT drop.
Our most expensive video with Tom was 15 grand and we get tens of millions of views on it.
High budget music videos are not the same anymore. How do we merge web two to web three,
mind your business? That's the question I think we're trying to figure out right now.
I think that really is the underlying question. I think you're right.
I apologize. Eight does. Sorry, I apologize. We've been waiting for you to talk.
Oh, on that piece, it's what is it you're trying to merge? Because not everything needs to be
merged to web three. That's one of those hard line stances that we think everything, because we're
here, everyone else needs to be here too. As we've seen, everyone's like, no, the world still
works without you. What we're trying to do is we have to incentivize people to come out here.
Now, I'm talking on the music scene and creating music videos or just films and documentaries and
stuff. There's projects like Hollywoodland, which is decentralizing access to equipment within their
own token ecosystem and making sure writers get paid and stuff like that. Just like Seth was
talking about earlier, there are protocols that are coming on chain that are working to protect
not just the artists, but the writers who write the songs. And yeah, we got people up here who
write their own music. So I'm not saying that, but that's not the case for every other song.
Or they chat GPT the music. Anyways, the question is, and Wonk, since obviously you're
extremely successful in your field. So let me ask you this, the small guy, the one who's getting
overshadowed, massively overshadowed in the web two space, whether it be YouTube, whether it be
SoundCloud, it doesn't matter what it is, what these obviously about farms. How do they get
exposure, right? Now, mind you, let me, let me go back to my mentality of this and put them and
tie this into weather because at your level, right? At your very high powered level with these
amazing names that you've dropped and work with and that kind of deal. Yes, there might not be
something here yet, but let's put this back to maybe a starting artist or maybe somebody that
has been working for, I don't know, maybe a few years or something of that nature that maybe
I've built some kind of following, but for the A and R they don't give a shit about them. You know,
music labels don't really care because obviously they don't, they're not bought it up to, you know,
a million followers, whatever's there. So, so they don't have that, but maybe they come here
and now, you know, they can come on a space like this or come on a space like Bill's or,
or even Mel B or, or, or any, anybody else. And, you know, then they can start getting heard and
someone that it clicks with maybe his music clicks with somebody, right? Maybe he's not that bad of
an artist, right? Maybe he has that factor, but hasn't been discovered. How do they get discovered?
Right? So, so look at, look at it from their level coming into maybe our niche of crypto,
where it's still more of a, of a smaller world where someone can get more noticed by, yes,
it's a fifth of the fan base, but dude, where, where are they going to go? Right? They can't just,
they can't just DM you. Hey, here's my demo. Check this out. Or maybe they can't, but you know,
how objective are you going to really going to look at that and not saying, not saying you
attacking specifically, but even from like an A and R perspective or, or a label perspective,
you know, cause I've, I've seen how they work, dude. They're, they're, they don't give a shit,
you know, they, they have, they have their metrics they have to look at. Right? So,
I mean, where, where does that guy go? You know, where does he fit in? So
two things. Thing one is, please don't give me an earned credit. I am a nobody. I am not the big
fancy guy. I happen to have been blessed to work with some people out there. You're so humble. You're
so humble. I love, um, I was the first of the two separate questions there, the stuff about the A
and R and the labels. I don't do label artists whenever humanly possible. Yes. I've done a few
things with a few just as a video producer. I don't do the music side of things. I don't know
squat all about music. I'm tone deaf. I do the video side of things. And so that has privileged
me to work with some of the higher people and working with the labels is a nightmare. They are
predatory. They are usury. They have gatekeepers out front. They already want you to have a built-in
fan base where you're not worth their time. The independent artists, those who are out here in
the Los Angeles underground, those who are starting off shooting stuff on shoestrings on their iPhones
and building it from there until they can buy their first SM seven B or you know, can buy their
first real microphone. Those folks, this stuff here is gold. That is an easier sell because
they're not popping now. And they're just trying to get it. They can become a decent sized fish in
a tiny pond, if not a big fish in a tiny pond. And you're right, they do get swallowed up in the
YouTubes and the sound clouds and the Spotify. They do get swallowed up out there and no one gets
hurt. And when web three has its killer music app, and I know everyone's going to pitch the next one
out here, I get that that's expected. But when that finally thing happens and it becomes a no
brainer, that's where you go to look. Those people who have done that now are going to benefit
immensely. However, it's a tougher sell to somebody who's already successful in that space, even if
they are independent, you know, they don't have to do Tom doesn't have literally his whole team is
him and his girlfriend. That's it. They don't have a big he still to this day signs every album till
his fingertips. I bought him two auto pens, he won't fucking use them. That's how he builds
loyalty. That's the reason why he sells 150,000 physical copies of an album in a world where no
one buys physical albums. That kind of user based loyalty. When we get that in web three,
then this question becomes moot. My question is, right now, other than this version of social
fi, where it's part ownership, and you get to be kind of part of the cool crowd, or you get access
to or tickets for or some version of a gate, a token gate to social fi. I'm having a hard time
finding a reason to push forward an NFT for music to these people. If we're talking about licensing,
yes, that makes sense. But the rails don't exist like they do in traditional right now, traditional
rails for a movie. When we did Sound of Freedom, who wanted to go get music,
we weren't even looking at web three for that. I want to go ahead and talk real quick.
Jay Jay Z just fucking did the fucking Marcy fucking thing with my friends over at the fucking
black Bitcoin billionaires, John, John, we can hit up Jay Z right now and let his ass fucking
figure this shit out. We can talk about the top tiers that the Snoop Dogg's and the Jay Z's.
Those people, the big outliers, the ones who are 800 pound rows in the space, who aren't trying to
make sure that their small little company keeps moving, that their family, that their tour group,
that their grips, that their small little group of folks can keep moving forward in his career.
Those people at the very tippy top, yeah, they can afford to do that. They can do it as a vanity
project. Those people who are successful, but not breathing that rarefied air, it's a tougher sell.
So I have a Miguel Miguel is doing his AI project. Yo, we got heavy hitters in this industry doing
web three shit. We just got to bring them together and make sure we all in one accord,
not fucking one fucking dumb ass Honda. You know what I mean? We got to come together
better, man. They get like, fuck this shit.
Well, here's the thing. I think Wonky keeps saying about investing a lot into the NFT build,
and I don't think that's the only option. Maybe Tom McDonald, and I think he's a great example,
maybe he's at a level where $10,000 or $20,000 doesn't seem interesting, but he could easily
earn that on like a free mint on sound XYZ. And I think the question is the same as like,
why would you get on SoundCloud when it started? Like when SoundCloud started, I originally blew
up on SoundCloud. And when I was first posting, it was really just a way for new artists to put
their music out. And like music was still transitioning to digital, I would say. So there
were still a lot of artists that were like, why should I even get on streaming? And I think it's
the same answer about why should you get on chain, right? You don't necessarily have to spend
$100,000 building an NFT drop. I think it's like, okay, we're going to upload one of your songs
onto this. I mean, I think of sound XYZ, it's kind of like, it's kind of like SoundCloud where you
just upload a song, you can make it a free mint for $1. And I mean, in a good case scenario,
you could easily make 10 or 20 grand. And with Tom McDonald, I mean, it's simple, just reach out
to sound, just message them saying, hey, Tom McDonald is going to drop a single on sound,
you'll get their support. So for pretty much $0 invested, the upside might be 10 plus 10,000,
20,000 plus. And, you know, maybe Tom would get on one space with sound XYZ. So I mean,
for an artist, that's of the size of Tom McDonald, I think maneuvering in the right way,
you could have a low, low investment, low cost, low risk. And ultimately, if you can build a few
thousand holders on chain, I think we all agree that in the bull market, that could be millions
of dollars in the case to do it becomes a lot better. So that would be my thoughts of how to
actually steal your spot on bro. Let me cook for one second, because like, you had the mic for a
minute, and I have my hand up and wait patiently, I got a point to make. And it's not not misaligned
with what you're saying, walk or deal. But I was speaking last year with a good friend of mine,
he works at the head of the C-suite Interscope, his name's Don Clemens. We were speaking in regards
to the invisible fan, right now, a lot of artists, both physical artists, musicians, they get caught
chasing this, this invisible fan, who owns the invisible fan, Don Jay Z, all these big people,
they own that invisible fan, that band is theirs, right? Now they're willing for a price to share
that fan with the little guy, let's call them, right? A little guy gets this fan, and in getting
this invisible fan, he ignores all of the let's say 200 to 500 to 1000 real fans that he has that
are supporting him financially, emotionally, spiritually, right? Now, once they accept that
check from Don and take on that invisible fan, all of a sudden, Don has the keys to that fan,
and if they don't play ball, then that band disappears, right? And this is across the whole
like traditional music market, this happens. And I think right now, I mean, if you look at the
major labels, their whole game is holding and protecting intellectual property, selling and
licensing that for profit, right? Now, now we have an opportunity here. And I think it's a very,
very large opportunity, Snoop Dogg pointed at it to become the gate to the labels who need the IP
to exist, right? Now, if I can give my fans the IP, right and teach them to protect that IP,
right now, this might start as a small strategy, it's not going to take over the world in the day.
But if you teach the fans to protect valuable IP, from whoever, whatever artists you think is going
to be the next hot thing, the label has to attract to the user, right and the client, and then pay
the client for that IP, the client is going to continue to pay me probably more than the label
ever would, right? So it's like, it's shifting that narrative to like, that the label isn't just
going to give up and stop chasing IP or, or licensing to Disney or to Fox or to Staples Center
or to crypto.com arena, right? They're going to continue that trajectory. Now, who are they going
to pay for that IP is the question. And I'm a big believer that like, I'd much rather have my fans
get the money from my drops and be the gate for the IP than the label, because the fans are always
going to treat the IP with better respect, with more resolve. And maybe they won't make the best
business decisions. But if you teach them and train them how to operate your IP, I think there's a
world where like there would that we might, we don't take the whole industry over, but we could
take 20% of the industry back into the hands of the actual creator and the client and, you know,
and create this world that we see is why we got into web three is to like, really push that
narrative and take away the central, take away central power. I mean, like I said, I'm talking
to the head of, of in our marketing and interscope, and he believes this is the truth too. He said,
clearly, they're like, yeah, it's kind of heading in that direction. And they're trying to figure
out how to formulate ways to stay in the game and not get pushed out by this motive that's
happening in regards to like, being paid for data being paid for creations, and in the creator's
market, right. So I'll leave it at that. But great takes up here, man. I appreciate all you guys.
Hey, so I'm gonna just really quickly while we're selling that topic, I attempted to share something
in the nest earlier for whatever reason. Specifically, producer Glenn is really struggling
with the with the controls on on spaces could be a little rugged. Don't know why. But there's
something that I just posted as a comment. That is just as a case study. There was a recording artist,
really more of a music producer, like we might we might call this guy a beat maker really more
than than your typical producer did a lot of more like electronic and club tracks. But guy went by
the handle is dramatic. Grammatic is he's he's he's the shit right. And here's the thing. He was
doing it when it was really hard, right, when all of these other discovery platforms were in the
early phases. And he paid some of those dues at that time. But when lockdown started to happen
globally, internationally, you know, this guy's like, all right, well, whatever. Is he Slovenian
or something? He's from he's from this former Eastern Bloc country where he's like, All right,
I gotta get resourced. Man, my bad. Chromatic is fine. My bad. Yes. It's just a fact. And I can't,
who could blame me for it, right? So Grammatic during the lockdowns, he says, All right, my tour
is effectively cut off anywhere I was gonna I was gonna do a live show. I can't do it. What does he
do? He releases an NFT fully makes back his PNL for that year, even though he didn't go on the
road didn't have to tour or couldn't tour. He was he was forced not to tour. So just as one case
study, somebody who had already paid the dues in web to space and use web specifically web to
all those growth hacks. And then with web three said, you know what, I see exactly why for me at
this phase, and it might not be my forever reason why to stay in web three. But it's going to help
me make, you know, make back what I need to for this year for this quarter, whatever. So just to
go back to that, that initial question. Sometimes you have recording artists that have been fully
integrated into the system, they have a measure of success, they're doing phenomenal, right? Every
year, they're, they're growing their business, right? They're seeing seven figures and eight
figures, and they're excited. But then shit just happens. Web three is a great solution. And I think
that's proof. One, one of the cool things that, you know, that, that everyone sort of was the rights
of stuff, and like the disbursement of royalties. One of the cool things that I've seen recently,
you know, yeah, how to get the royalty, like, you know, delegate known as delegate XYZ instead of
delegate cash, you if you have a specific NFT, you can delegate rights or wallet that has that you can
delegate delegate those rights to someone else to get those royalties. So you could even keep
the NFT, but spell those future royalties. So there's some cool stuff that's once it gets
completely figured out. There's some cool stuff out there that people could even then still be
a holder. But like, let's say that's income they don't want right now, or there's, you know, they
need some extra income for a month. There's, there's, there's something there, you know,
there's some cool stuff coming out. I would love to talk more about ways to be more tax compliant
with all my legal, like crypto shit. So we got to figure this out. I would love to talk to you in
DMS, though, like, especially to my clients, because I have a consulting business. How do we
become more avoiding these capital gains? You know what I mean?
That that's a million dollar question everyone seems to have. I think that is not my that is
not a question from answer for me. Yeah, I'm an off ramp or on ramp or type of person. So I go
everything through my coinbase. And I tax that all the the you know, my wallet is in like gamma
pools doing I have a wallet that's doing like 100 transactions a day repositioning. I'm not
tracking that when I take that money off chain, and I go use my my coinbase card to go buy my
airplane tickets or something like that or pay my Airbnb. That's a taxable event for me.
You know, until they clarify that that's that's sort of how I'm I'm tracking it, whether that's 100%
compliant, I need to do a rap song, you know, taxable event. I'm working on that today on my day
off. I'm gonna have to make a rap song called taxable living. Fuck you. Fuck you cannot wait for
that. And I got to run on that because my phone is about to die at 1%. I love that J crypto Moby.
So that's J crypto Moby guys.
Yeah, buddy. See you man.
I just want to be clear was that saw earlier?
Yeah, that was saw. So I just followed. That was right on point. Yeah.
I just want to give you a shout out. Well, absolutely appreciate it. And it's an ugly,
it's an ugly industry, to be honest. It's scary. Well, for people that are almost making it like
you have that that moment when you're not making it where it's fun. It's invigorating your friends,
you have little shows. But the minute you start to get in serious business conversations, the
industry realize how fucking evil it really is. And how many people are really in control that shit
on like a very dark level. And they don't care. Right. And you find these few people like Don's
one of those people like I found him and he actually cared enough to tell me, don't sign
this deal with Interscope, you're gonna get fucked. You make way more money growing weed,
you just chill out. And like he told me this is Frank as he could as a friend, like, like,
I can give you this deal. You want the deal, but you don't want the deal, bro. It's like,
you don't want none of this dewy. It'll make all your good feelings bad feelings or bad feelings.
You know, I just think like people need to realize that that what you're sold like,
like Jimmy and Drake, I look at Jimmy and Drake, right? Like, you got Jimmy, people think that
that Drake was Drake because he was Jimmy. No, he was the most compliant person for years of his
life in this fucking ugly pool of people. And imagine the things that he had to like succumb to,
to just be who he is. All the the the write offs and integrity, you got to write off to get to that
point. It's kind of scary. You know, and I'm not my big ups to anybody who can actually make it
to the top level of music and keep their soul, you know, because there's a few of them that do
and it's crazy, you know. You are 100% on point. That doesn't mean everybody in the industry is
an evil person doesn't mean they're bad, but it means that the industry is set up to funnel
money in one direction. It's not down to the artist. Hi, I think I need to grow weed. That's
some alpha. Hi, real quick. This is a JB Deaf alternative, the definition of alternative.
Is anyone here well versed in Swiss associations and the benefits of those?
Like the country or I'm sorry for my ignorance. What do you want the Swiss banker, man,
Swiss banker, he wants a Swiss banking. Well, I was given a bit of information about Swiss
associations and the fact that Swiss association is basically a business entity that can be formed
in Switzerland. That when you when it comes to questions about compliance and taxes and so forth,
that Swiss laws, from what I understand, seem to be what the standard will be in the future
for crypto and blockchain. Is anyone here versed in that information?
To jump in, no, on my side. But ideally, crypto should be used as collateral,
not tax advice, not financial advice, but that eliminates the capital gains issued issue.
And that's where the power of XFTs come in. If you have your assets locked away in a smart contract
and you get a you use that to get collateral and you can transact with a with the amount that you
got, you eliminate those capital gains concerns, not tax advice, but that's a very good way to go.
Maybe saw that in a movie once, right?
That's good. So no one's aware of Switzerland being known as the blockchain nation now.
I wouldn't say that. I mean, they're I don't want to leave the land. I actually met the president
and vice president of Lieberland. But if I'm talking about some weird shit, I'll shut the
fuck up. But this whole last sovereign nation that's built on Bitcoin that I met at Bitcoin
conferences through my travels in my intellectual side, none of my nigga signs. I'm just being
professional shit. But yeah, I met a lot of cool motherfuckers, you know what I mean?
I've heard about Puerto Rico doing some cool things, but not Switzerland.
We know there are several nations who are actively buying to be the Davos of Web3.
We know Estonia, the Australian government has had their own private.
No, Lieberland is between Ukraine and like Ukraine and Russia or some shit. Y'all have
not heard of Lieberland. Look up Lieberland. I feel like I think like Singapore already won
this battle and everybody's like they're trying to catch up like Singapore's been everybody on
this for a minute. Like, you know, you look at all the most popular crypto companies where they set
up in Singapore. Okay. And what about ordinals and inscriptions? Do you want to hear first on that?
Like for music or because what are you talking about my guy?
On the Bitcoin blockchain after the EFT and with them now, basically their version of NFTs is
ordinals and inscriptions. Yeah. But we're kind of like on the track of music. But I mean,
is that what you mean? Like inscribing music? I'm kind of confused. Sorry.
I'm just trying to see where the knowledge base is here on that. These are things that have come
across my desk that I'm investigating. And with this panel of prestigious and very well informed
people, I was just trying to see if anyone else had come across these things also and could even
further shed light on them. Yeah. Ordinals are pretty cool. However, the Bitcoin core developers
might kill that. But ordinals or inscriptions and other blockchains are going to go on.
You mean look toothless dash? Luke toothless dash.
Yeah. Luke dash Jr. has got kind of an agenda there. And I think it's much more
involved than him just not liking ordinals. I think it's actually far more sinister than that.
We could talk about that, but it's quite a rabbit hole. So let me just say that, yes, ordinals,
it's an interesting idea because it does help make the reality of printing some of the NFT data
directly on chain over having it be hashed. That was a big criticism that we heard earlier in the
space from Fidgetile talking about how when the actual content itself is just hashed onto IPFS
or some other kind of perma-web solution, it could be our weave or something else that sounds
like it has better data permanence, meaning it just stays for longer without having things
maybe be forgotten, then people are going to continue to use those solutions because they're
less air quotes expensive than trying to print an ordinal and get. Yeah.
I'm so tired of people acting like IPFS isn't like one of the best solutions ever created
for people on the internet. Oh, yeah. No, right. It's phenomenal.
But here's the thing though, I know Bitcoin OGs. Yeah, Bitcoin OGs that would put stuff into the
OP return field and just put a little tiny little message into the block space that way.
I personally know a guy who literally took a dick pic of himself, translated it into ASCII art,
and then uploaded that to the Bitcoin blockchain. Every time you interact with BTC,
you're helping to reinforce and write blocks over my friend's dick.
Yeah, it's interesting. Is it useful? No. I would love to get my dick pic on that,
bitch, man. Come on, let's do this. Graffiti is part of our intrinsic nature though,
right, Seth? I think this is what people don't like about inscriptions. We have been inscribing
into walls and into things and on top of things. We've been painting on stuff that
isn't ours for a long time. And I think it is at the core of human society with frustrations
or expression, people that don't have enough money to necessarily express themselves,
or maybe they have a message they want to get out. But I think touring completeness stuff in
regards to Ethereum and the compute there, we're not used to touring completeness. My friend
Optimizer said this. There's a gap between inscriptions being innate in our core of how
we're made up and then using a computer at the top tier of computing to be able to utilize touring
completeness to the best of our ability. And we don't see the gap because we think, oh, that's
technology. That's technology. But I think the inscriptions are inside of us, our fear of knives
kind of thing. But anyway. But at the same time, if you really want to get the government involved
in blockchain inscriptions is definitely the way to go. Didn't someone encrypt some encrypted file?
They paid, what, $40,000 in Bitcoin to encrypt, to inscribe something that's encrypted?
When you have a case where, you know, government secrets can start being inscribed onto the
blockchain, that's going to get dangerous really, really quickly.
Where does XYZ store? This is the elephant in the room. We're talking about some heavy,
heavy, heavy shit, you know, heavy, heavy shit. Well, here's here's here's a question. What is
sound XYZ store? The music is not really on the chain, is it? I mean, I think it's our
No, it's not on the side. It's not on the chain. Or is it? Yeah, the music itself.
Dill, you're in sound XYZ, sir. Did you you know where it goes?
It may be on our weave. That sounds right.
So what I'm wondering is, so I don't know much about sound XYZ as far as as far as being able
to mint to it. But I know with OpenSea, for example, and the OpenSea SDK, you have the option
of doing some of the self serve kind of, you know, web 2.5 ish workflow of OpenSea, or you can use
their SDK to fully mint in other ways, right and have your collections with far bigger blob storage
on IPFS or our weave or other perma web solutions that are still compliant and let you list on
OpenSea. I'm not sure if sound XYZ has that much tooling on the back end. But Jay, I'm with you.
OpenSea, I could do without it as a platform. But they did build a lot of tooling that made it easy
for people to either go not very technical, write low code, no code, or, or just have it be like
tooling for the more technical guys. What do y'all say?
Oh, there was some noise in there. My, my, my bad. Oh yeah. You got some,
some crazy noise coming out of your mind. This is so polite. BSCN is so polite. He's like one of
the most polite people in the space because somebody calling him. He's had his hand up like
an hour now. Oh yeah. You know the rules BSCN. There's no hands here, buddy. There's no hands.
Yeah. So we, we, we, we, we tried to get them to break those manners an hour ago. You know,
let's go. I need you to interrupt, start cursing at, at, at my asset to be like,
cancel them out. Do it all, brother. Do it all. Try it. Try it. I dare you to cancel.
You see, I can't do it. Even though you're calling on me, I can't talk over you.
You're so damn polite, my guy. Come on.
Chairs. I appreciate it. I want to go back to try and have a stab at the,
the question our friend Crypto Monk asked about an hour ago. And I'll try and have an attempt from
the gaming space. Some of my observations as to why a lot of developers and builders and gaming
studios moved into this space specifically. And I'm being very simplistic, but deterministic at
the same time. And I'll water it down simply to the fact that the audience here has a much lower
barrier to how let's just say much higher tolerance to risk. And the individual spend in this space
is perhaps a hundred multiples greater than your average individual in the normal world.
So they just see that as a business opportunity. Perhaps it's one of the business reasons that you
might consider as to why this space is even worth considering. There's teams here who,
if executed a strategy correctly, would raise 50 million, 60 million, 70 million
on a pitch basically with no product and no product market fit just yet. That's the kind
of market we're looking at. And I think this is what our friend Coop Deville was talking about
when he, when he mentioned you need to have a dope ass team and a kind of great marketing strategy.
Like if you have a sizable presence in the normal world and if the market conditions here
are really hot, you can probably leverage that just insanely to build a pretty strong initial
sale from a business perspective. Outside of that, I still think we're a long way from any,
anything decent to any real product market fit just yet.
May I follow up with you on that question? Because that's a very cogent answer. How did
the gaming community, or has the gaming community solved the NFT reputation narrative that was
around there? We've seen, to my understanding, as a cash. I can answer that real quick.
We love. I got, I got you right here, my guy. I got you right here. Listen,
something revolutionary just happened. It's called off the grid.
Off the grid, search it up off the grid. It's the very first ever, mind you, I have zero bags.
Matter of fact, I had bias and I was so against the cash grab that happened in 2021 with crypto
gaming that I passed on this wonderful opportunity to be in an early, right? I have zero bags in this.
They are the first crypto backed of whatever, if they're battle royale,
but let's just call it for what it is. Game sponsored by Sony and Microsoft on their councils.
Just happened. We knew about this for a little while now, but.
What game is this? What game is this?
Off the grid. Gunzilla is a studio that made it off the grid.
So our Warren Buffett and Bill Gates fighting, is that what happened? How did this happen?
Yeah. So Sony and Sony and Microsoft, they were introduced to them, I believe,
by the Twitch co-founder, who is also a investor and advisor to this project.
So yeah, this is a, I think it's, if it's, if it doesn't happen now, then we're just
set back for another thousand years. So we'll see how this works. And mind you,
the way they have their mechanics and how they had to adapt their mechanics from what their
original structure was, they allow for in-game purchases, right? Gems or their points,
whatever. I forgot what their, their, their little, I call them call duty points, right?
So they're, whatever that, whatever that currency inside the game, inside the console
game can be purchased, right? They can't exit that, right? They wouldn't allow, they don't,
they didn't want any, any kind of volatility to recourse that. So instead, what they did allow
is to have, for example, like call duty, like, like fortnight, all stuff, you have your email,
right? Your email will connect you to your already generated wallet as soon as you buy
the battle pass. And when you do that, your asset, your whatever, your shoulder pad, your armor,
your gun, your gun camo, all of those lovely things that, that can make an, an NFT asset,
right? For the skin, whatever's there, or could be a physical weapon, you can now exit that and sell
that in external marketplace. So console to external marketplace, the only way they would allow
that for this high profile game to get on their cut, their, their consoles
happening right now as we speak. So I'm such a neophyte on the gaming stuff. I want to be clear
on my lack of knowledge here at all. Like, but I did have this conversation with Stash
out here at NFT LA about it. We were talking about narratives and politics and more global
management of how web three spaces seem in more traditional spaces and where we failed in
discussions. And he called it the ready player one problem. He said that we're never going to get
true, true narrative control of this NFT. It's always going to be seen as the cash grab until
such time as you can take your avatars assets or we're again, we're now approaching the edge of my
knowledge on this shit. So I want to be clear, to be clear, the microtread that you pick up in your
Fortnite and take it over to your Blizzard game or take it over to your Pac-Man game or whatever
the hell else it is. I'm so uncool about this shit. And that's what I was asking. How have we
corrected to a space where people are comfortable making another version of microtread action? Now,
this pre-generated wallet thing is fucking genius, right? Now we don't have to have somebody
interacting with some shit. They don't understand. It just comes with this part of the battle pass.
That's that's perfect. Make it seamless. But is that how we've done it? And how can we then apply
that to music? How can we then apply that to other areas where we make this transition more seamless?
Oh my God. I have a quick thing. I'm gonna let someone else talk dog. All you got to do is create
a beat making platform that fucking Beyonce and fucking all Eminem, whoever the fucking greatest
rappers are, be like, choose, like everyone vote for my fucking beat. And imagine that. And then
everything's connected to a fucking wallet. Oh my fucking God, y'all. Creative idea for the
sensory. Here's here's here's here's something that
music in particular at a certain level doesn't need web three for the moment, right? So web three
does need that web two element of music come to us, right? But as far as the reverse, no,
the same thing with, with a lot of other niche sectors where the desperation of us wanting that
here works in our minds, but over there, they're still making their hundreds of millions, if not
billions of dollars with or without a web three, right? You know, with music, the shift happened to
now digital streaming and then it, and then it changed over. Well, not really changed over,
but now you have, obviously the touring has picked up quite a bit. Cause that's, you know,
that's an easy way, easier way to have your fans come out and cash grab them right now with a cash
grab, but you know, Jesus, I mean what Taylor Swift ticket with $8,000. Um, so anyways, so
looking at it from, from that aspect, um, for music, it's not until they do the Reddit effect
or even like this Godzilla effect, which they've incorporated beautifully. And we'll find out here
when the next few months, how well it's received, um, or even draft Kings, right? Look at the,
look at the, the way that, and mind you all, all those are polygon except for Godzilla. That's
a beloved Avax. Um, but look at how they did it. They incorporated normies by doing it for them.
Right? So the same thing is going to happen with music until we do it for them.
Oh, Hey, I'm sorry. Yeah. I muted. I muted my code because it was, there was so much feedback.
I'm sorry about that. I won't, I won't typically do that, but it was a lot of feedback.
Give me, give me, yeah, give me just a moment, buddy. Um, so it's not until one of these
platforms, whatever it is, whether it be something brand new and conceptual right now, or something
that's already here that wants that, that wants that integration. And if you happen to be in the
audience, fantastic. Think about this. They had their immediate success, not only because of their
massive user base, but it was even better received when they didn't know that they were
transacting on the blockchain because you have to have at least an inch of, I don't even want to
call it intellect, but just maybe kind of aptitude, maybe to, to go ahead and come to our world.
Right. When you're so used to that web two side of things and you have that judgment,
that preconceived notion of we're all full of scammers and cash grabbers. Right. So they were
transacting on the blockchain without even knowing they're on a blockchain. So imagine this,
a platform that's sharing music where people don't even know they're into it, but it's,
but it's in there. And then later on the, I think the adoption will be accelerated once they figure
out, wait a minute, hold on. I'm in this world and I'm not drowning. So they believe that they're
going to drown if they do come in this world. Right. Look how, look how hard Reddit footed
crypto in general, not just NFTs, but crypto in general. And then when they were put in the
system and they didn't even know there was there, they were talking about themselves.
So, and then they're like, Oh wait, then they started backtracking a little bit.
So I think that's, that's the step that we're missing, right? Is an ease of transition from
web two to web three, not a shock, not a culture shock. Cause then they would just get spooked,
but you know, have, have, have a platform get large enough. Let's say for example,
SoundCloud let's SoundCloud come in and give everybody a wallet and have NFTs on everything
that I think it would take that to happen. Right. Some, something that big to make that decision,
but what's the benefit for SoundCloud to do that? Right. What is their benefit to do that? I mean,
that's, that's, and that comes to your, to your question before, you know, someone that big,
that large, what is their real benefit, right? Something drastic has not become a blockbuster.
That's their benefit. You know, they, they can dodge being blockbuster to Netflix. So I mean,
like anybody moving in from, from the traditional sector into this sector, right? I think they
realized the writing on the wall on some level. And at minimum it's a hedge on like the worst
case scenario of like the blockbuster case study where they didn't catch up to the tech before the
tech sped past them. Right. So I mean, this is why you see all, you know, every company trying to get
a, get a chat bot and they're in their website and you know, are in their tooling and everybody's
trying to get a blockchain association or, you know, a partnership with a blockchain. It's a,
it's a whole thing in business right now. If you go to like the actual biz dev side, right?
It's almost becoming like a laughable joke as long as it's been happening. And I do think like
SoundCloud, like there's a moment where they're going to have to hedge their bet. Like if we keep
growing and, you know, exponentially, let's say like, you know, the happening happens, it gets
more attention on this sector. Like people are going to have to come up with a strategy, their
best, their investors are going to force them into strategies like they did in 2021. The next time
they get forced, it's going to be a lot more serious. They're gonna have a lot more like
actual data based on the last time they, they, you know, went to review it. Right. So I think like
it's like kind of like a matter of time before people start to spread out into these technologies,
no matter what, because they're not going to miss the boat, like a blockbuster dude, you know,
that's the worst. Yeah. Yeah. So love, love the, love the analogy there, guys. We're coming up on
kind of a hard limit for the space. I apologize. We just, we want to be respectful of Moby Media's
time. They've been so generous, right? And providing the stage for these conversations.
They're some of the best to do it on Twitter, right? So give it up for Moby Media. Obviously,
if you're not following them, what the hell are you doing on Twitter at all? It's where we've
chosen to set up shop every single Tuesday, right? As a black and Noah, all of the team,
donut, all of you guys. Awesome, man. And also just want to real quick. I was going to give
him a shout out earlier. So Mr. The famous Dray, the noise down below and awesome for you to be
here, buddy. And also Empress. Hey, Dray, the noise, right? The noise was some fam G.
We got phenomenal people that come through to these spaces. So thank you.
Every, everyone who was on stage who had the ability to come up on stage, Empress,
I saw you there too. You're turning down those speaker requests or the speaker invitations,
but sometimes people can't make time for the stage. Hey, this is how it is some days. So thank
you for being here and being supportive in every way that you could, especially those who were
able to come up on stage and share your voice, right? Share your view. And today, right, we kind
of meandered a little bit, share your favorite blockchains, talk about some of the tech and get
a little nerdy with us. And then, you know, get a little bit contentious, but in a friendly way,
not all conflict is toxic, right? Not all conflict is bad. Sometimes we have to find some opposing
views and say, all right, let's work through this. So it takes a little longer and appreciate you guys
going through that process with us. So hopefully, somebody somewhere on the stage or in the audience
changed their mind just a little bit today. So appreciate you guys trusting us to bring you on
that journey as well and make that magic moment of, you know, change in the mind and heart happen
with us. Yeah, I guess those are the acknowledgments. My co-host Jay Crypto and I, just last final
show, thank you again for trusting us. We do run the Consultancy Blocks Media Group. And so we are
available offline to chat and answer all kinds of questions and go through that process of maybe
having to shift things and question some things and rebuild some things. We're at your service
offline as well. So thank you for trusting us through these conversations and following up with
us privately about any other problems you might need solving. Glenn, Noah, team, thank you so much.
We probably need to sign off and let you guys get back to your day, but it's been such a pleasure.
As always, guys, next Tuesday, 10am EST, that's 3pm UTC, same bad time, same bad channel, and that
bad channel is moving media. Love you guys. Peace.