FOMO HOUR EP. 50 ft. @ArtOnBlockchain

Recorded: Jan. 31, 2024 Duration: 1:00:59

Player

Snippets

oh man what a day what a day all right let's get FOMO hour up let's get Rook video co-hosts
what a day what a day what a day
Jupiter come on babe oh wow Solana is running right now which is kind of the guest that we
had on ob we're like Solana is gonna run on the back of that i think so yeah it's bouncing
nicely above 100 here i love that okay hold on let's get Vendo up let me get you guys on stage
let me get you guys on the stage you're trading man though you're trading
oh shit okay i thought you were trading
dude i am max bidding right now what are you max bidding on cuckoo and juke
by max bidding you mean you're 30 below where the market is with a limit order
actually i'm not 30 below i'm like 10 below on my bid
bro do you know jupiter is at 70 cents right it's not a dollar
like why do you always give him grief like this when i'm not recording
i haven't had the show yet but the thing is he's always wrong
because he's wrong too like Jupiter is at 70 cents
so literally not trading up at 30% under i treat for like i would have treated our junior trader on
the day yeah well you're gonna see you're gonna be crying when i hit my bids and you're gonna be
wow my junior trader i see brutal is out trading me by a lot all right take it
Yo, yo, yo, yo, yo, yo!
Good morning, good morning.
Wednesday!
Wednesday!
Jupiter, 31st, 2024, 4-4.
Look at that, another beautiful day to have a beautiful day.
Last day of January, starting off hot.
I love to see that Jupiter airdrop just went live about 30 minutes ago.
We absolutely love to see it, chaos, chaos has erupted all over the timeline.
We have a big guest coming on the show today, breaking some news and all that good stuff.
Big day for art, big day for Jupiter and Solana equals STEM.
Things are absolutely crazy, Mando, OSF, good morning, how are you guys doing this morning?
Yeah, good, how are you guys doing?
Doing great.
Yo, this thing is nuts.
The timeline is going crazy right now.
The timeline is going absolutely insane right now, you love to see that.
It's just pure chaos and absolute madness this morning in the space.
And we're just on the last day of JED.
We have 11 more months left to this year.
This is starting up, starting up the races pretty well in 2024 while you absolutely love
to see us.
Today on the show today, today I'm going to speedrun through these topics because we have
a big show ahead, we have a big day ahead.
I see some familiar faces in the audience, I see a lot of friends, I see a lot of homies,
you absolutely love to see that.
I see a lot of squiggle PFPs in the audience and I wonder why.
So today on the show, today, today, what do we got, what do we got, what do we got, market
report as usual, Bitcoin, ETH, Sol, all that good stuff, yada, yada, yada.
You know, we're going to talk about a Jupiter air job that just went live at 10am Eastern
Standard Time.
So 30 minutes ago, pretty much like the talk of town at the moment.
Solana has not broken, boom, love to see that.
So let's talk, we'll talk about this stuff quickly.
And then NFT recap, ETH, Sol, Bitcoin, and last but not least, we will be joined by the
man, the myth, the legend.
If there was a Mount Rushmore of NFTs to be built right now, he would be on there.
They would be carving his wonderful face on there.
Eric Calderon, AKA Snowfro, is going to come on.
I don't know if the news is out yet or not, so I'm not going to front run it, but he's
going to come on and chat with us for the last 15, I think 20 minutes bit of the show.
So excited.
Being a bunch of more of the artsy side of CT on here.
So thank you for tuning in.
It's going to be a great show.
And as usual, at the very end of the show, we will be giving away a thousand dollars
thanks to our partners at Robit.
We've been giving away a thousand dollars a day, pretty much.
So it's fine.
Wait, I have a thing.
What am I saying?
It's fire.
There you go.
So we've been giving away a thousand dollars a day, every single show for 15 days.
I think we get four or five away.
I'm losing count.
Today is either fifth or six thousand dollars that we give.
And just got the news that since we didn't set up the spins for today, because we couldn't.
Friday, Mando, we're giving away $20,000 worth of loot boxes.
So it's four spins, it's 5k a pop.
So Friday, a lot of winners if you're live on the show.
It's going to be good.
I cannot wait to see that happening.
But all you have to do to enroll to win is retweet the spaces.
And follow FOMOIRR and Robit, which is super simple.
Bottom right, there's a purple box.
Drop a GM.
Because you know me, I love my GMs.
I like it when you guys say GM to me.
And then just retweet the main spaces.
Nothing else.
It was posted from my account.
It's at the top right now.
It's pinned there.
Just bottom right, corner, purple box.
And retweet.
And if you follow us, we'll pick a winner.
And you're going to be in the space though.
Our goal is only to give money to people that are live on Twitter spaces with us.
We've been very open about that.
All we want to do is, you know, reward people participating with our contest.
Anyways, anyways, we have a lot to talk about today.
There's a lot going on in the space right now.
I see Mando firing off tweets as we're on the show.
So you know what?
I'm going to go to you first.
So I was just driving for now.
So I am catching up slightly.
But we had a little bit of a wobble overnight.
Bitcoin headed down to around 42.5K, ETH headed below 2,300 at one stage, and Solana hit,
I think, 98, 97 actually at one stage.
So definitely a bit of weakness.
On a technical level, we obviously just hit like a lower high for Bitcoin there.
So like we kind of went up to whatever it was, 50, and then people were saying, oh, that's
a lower high.
And that was the case for a lot of different altcoins.
So people were expecting this maybe to be a bit range-bound for a while now.
So it's just something to be aware of, like from a consolidation period.
This is looking more likely, like we might be ranging for a little bit here.
That being said, it still feels relatively strong out there in terms of flows.
You saw another $250 million going into ETF.
I'm sure you're going to see a similar figure again today, maybe even higher.
So British on that front, it's a big day for macro, a bunch of different stuff going
Yesterday, you had Microsoft and you had Google earnings.
Both Microsoft earnings seemed decent, but the outlook maybe wasn't incredible.
And same for Google.
So stocks did sell off slightly down about a percent yesterday, and I think they're down
again today.
Slightly weaker macro outlook, and we have the Fed today.
We spoke about that yesterday.
Biggest FOMC of the year.
I personally think that they've got to stop all this rhetoric of higher for longer, like
inflation is coming down very, very quickly.
So I personally think we're going to see a bullish Fed today.
A lot of that has been priced in, stocks been rallying into this for a while, but I do think
we're going to see a bullish Fed.
So there's that.
China is still looking like a complete disaster.
I think Chinese stocks hit five-year low again today.
They've been at some huge stimulus, but it doesn't seem to be working that well.
They have another weak manufacturing figure.
So on a global basis, the U.S. continues to outperform, I would say, although you are
seeing higher stocks in Europe as well at the moment.
But the U.S. is definitely the strongest out of the pack right now.
And yeah, for crypto, everyone's just focused on the Jupiter airdrops.
So Jupiter came, it's been bouncing around.
Where is it right now?
It's trading at close to $1.
No, it's trading at $0.77.
All right, $0.70.
So that's $7 billion.
I mean, that is high.
We're already talking about higher than Uniswap here.
I think it hit 1.2 at one stage when I was driving back.
It was crazy.
It actually opened at $2 on exchanges.
So I wasn't really around for all of that.
So I didn't see all the bouncing around, but this thing will fly.
And that initial week, like we said, no exchange has really got access to it beforehand.
So they all had to buy.
So I think some people would have realized that they were going to get seen off in having
to buy it higher.
You're going to see huge, huge volumes.
I think the claim is ongoing right now.
A lot of the front end dApps are down, like they're experiencing quite a heavy load on
things like Jupiter.
I think the site was down for a little bit.
You saw Phantom go down yesterday.
Yesterday, the Solana DevNet was actually down for most of yesterday.
And there was some like, oh my God, how's it going to happen here?
There has been some talk about the fact that they were using it internally.
They were preparing for this as a load.
But Solana has been up the whole time.
This has got to be one of the biggest airdrops.
It's definitely the biggest airdrop in terms of market cap ever.
It's also got to be one of the biggest in terms of number of people suddenly using the
I put out a tweet before, just like, looks fine.
Let's go check it out.
This is it, right?
No issue.
Austin Fidera just posted that.
Austin Fidera just posted that, this chart saying, well, that was Boren and he posted
TPS and everything.
Let me go to what you shared.
Oh, nice.
There you go.
So, yeah, I mean, there was some fud going into that.
People were pointing to that was why Solana was down, got hurt yesterday is because the
DevNet was down.
It seems to have been past this with kind of flying colors.
I think that, if I'm honest, if you just speak to a lot of people who are still skeptical
on Solana, I think the first thing they would say is you can't trust it.
It goes down all the time.
They've had two pretty big stresses recently, which is the WEN token, which was a huge airdrop
for a lot of people.
And then you've now had this Jupiter airdrop.
Look, I'm not saying this line will never go down again.
We had Easy come on our radio show and said he doesn't think it's ever going to go down
Just the way that it's been set up now means basically a number of different things that
have to go wrong in terms of the validators for it to go wrong.
It's a very, very small possibility, but it could still happen.
But yeah, this is definitely going to make people pay attention, I think, the fact that
nothing happened.
And also the fact that people were flooding it into it, like, oh, Solana is going to
go down tomorrow.
Seems to have done okay.
So Solana bounced since that.
I think it was trading at, like I said, 98, 99 is now, it seems to be rallying as we speak.
It's kind of just for each one on one.
And the market is also rallying.
So Bitcoin's back up above 43K, ETH is hitting 30, 2320.
The coins are rallying, but maybe not as much as majors right now.
They definitely got hurt yesterday.
Meme coins got hurt.
You've got GME.
GME is hitting, where is GME right now?
This morning was at 40 million.
You like that one, huh?
Yeah, it's still at 40 million.
It annoys me because I saw it at six.
And Ovi flooded me out of the trade.
Ovi still, like, got some little bear in him.
You can't listen.
That's the only meme coin that's really higher if I'm honest.
Like, if I go onto TechScreener, literally every other meme coin is lower, apart from
this GME coin.
It has not been a good...
The fabled meme coin pump has yet to materialize.
It may materialize now.
Well, not yet.
Yeah, I think the first move is to play around in Jupiter and the next move is, oh, right,
I've got to play for the next airdrop, right?
So if this stays at seven billion, the next airdrop is going to be huge as well.
So people are going to be spinning up new meme coins every five minutes, I think.
So that's going to be an interesting space.
What else is there from a perspective?
There were some very bullish headlines yesterday about predictions for ETH.
ETH has become a little bit like Doge.
I don't know if you've seen this.
People are picking up on it.
So traditionally, Doge rallies, that's the final rally before the market jumps.
The last two times ETH has rallied and taken the lead in rallying, the market has then
subsequently dumped.
So there's this ETH rally yesterday.
I know, and everything else.
And then most people are like, oh, fuck.
And then, yeah, we did dump.
That was kind of on the back of some headlines that Stancharted, which is a kind of a U.K.-asian
bank, came out with a prediction that ETH was going to hit 4K on the back of an ETF
coming in May.
Some of the other banks have been a bit less skeptical, a bit more skeptical than that.
JP Morgan, in particular, has been very skeptical on it.
Bloomberg analysts still think, I think, 60% on their last one.
So it's still 50-50, but they came out with a very bullish piece.
So I think people got very bullish on ETH on the back of that.
Like I said, the ETF outflows have been good.
And NFTs were broadly lower, I think, yesterday.
There were some rises, like you saw the big Sotheby's Mint, sorry, the big Sotheby's
And that was the big sales there.
And then you had Rup's Smile Mint did like a 5X and a couple of other smaller projects
did well.
I think Creeps is starting to rally again.
Obviously, you've got Portal coming relatively soon.
All right.
Well, that is quite the roundup.
You're on one this morning.
Shout out to Blue...
Sorry, Mando Minutes for...
Mando Minutes.
It slipped out.
It slipped out for a second here.
Let me go to one place for a minute.
Let me aggregate the aggregation of your aggregation, bro.
I've never seen anything like it.
90% of the whole thing.
Catch the strays here.
Catch it.
I mean, if anything, this is our stage, right?
So you're going to say, Ruck, let me pull the curtain back a little bit because you
went all the way deep to NFTs here.
Let's talk about what's happening right now.
On the market side, it seems like things are holding up pretty well.
We got a little bounce from yesterday night that you're talking about.
I'm curious to know what you guys are thinking now that Jupiter has dropped.
Obviously, we're talking about it yesterday.
We're guessing what happens there.
Of course, it seems like a lot of liquidity has been sucked out of Minkorns for the moment
and it's probably going to keep happening.
A lot of people have not been able to claim yet, obviously.
But that's not because Stellan is brilliant.
It's just the front ends, like you just mentioned, Jupiter and Phantom.
Which was expected.
A lot of people are like, all these front ends will break.
Every single one of them will break.
I'm not surprised, right?
But the thing is, the chain itself is fine, okay?
And so, which is all that matters.
What do you think happens here, right?
Like now the claim has happened.
Obviously, it's kind of soon to guess where it settles.
Binance has been pushed to 11 a.m.
So another 11 minutes until it goes out there.
Are you hitting your expectations here versus what you were looking into yesterday?
And you've been talking about Jupiter back and forth a lot over the last couple of weeks.
So what are you seeing here?
I think it's too early because what I'm seeing on Twitter,
a lot of people are still unable to claim their dupe.
And that's a big impact, right?
Because presumably, at least 20% or 30% of them are going to sell their dupe.
So I think it's too early to judge because the flows seem to be mainly on centralized exchange.
Obviously, we just talked about how the front ends are all down as well.
So it seems like people aren't really able to effectively trade or claim on chain right now.
And there's been a lot of trading on sexes,
which isn't really going to be the main meat of the volume, I think.
So it's too early to say.
Given where the price is now, I think you have to imagine that once people are able to claim and sell,
the price goes lower.
But at the same time, I also think most buyers probably have their money on chain as well
and want to buy it on chain rather than bridging it to Texas.
So I don't know, I think it's kind of like whereabouts I thought it would be.
To be honest with you, the price right now is literally where I was trading in the grave the last two or three days.
And I think once everyone sold their airdrop, which usually happens over the...
Once most people have sold, it usually happens in the first few hours of trading,
then maybe you could potentially see it rally all the way to one.
But for me, I feel like it's going to be in that...
Unless the market changes, while Sol stays at 101, while Bitcoin stays at 43.5K,
I think the range on Jup is going to be somewhere between 70% to $1 or something like that.
That's kind of like my hunch.
I think we have to wait.
There's a lot of...
People keep talking about, oh, we've obviously mean coins rally, but we'll see the rest of salami because it's rally.
We just have to wait until people are actually able to sell their Jup and then spend it before we can assess whether that was correct or not.
Mean coins won't rally right now because people don't have any Jup to sell their Jup.
But if they don't rally in two days or three days, then, or even by the weekend,
then there's an argument to say people didn't roll it into mean coins and maybe they put it somewhere else.
So it's too early to judge their impact right now.
It looks like here, I just saw Miao reposted what Moon Overlord posted.
The Jup launch pool is almost out of tokens.
This just in.
It's pretty wild.
Man, do you want to kind of explain what this whole launch pool is all about and what that means?
Yeah, I mean, I kind of know what's going on there.
I think Miao tweeted the other day that the initial liquidity pool was being set up with a different range for Jup as the initial launch pool.
I don't know if they were involved in setting up because sometimes that's an issue with tokens,
like if the team is actually involved in setting up the liquidity pool.
But there's definitely one which he was clearly paying attention to.
I don't know if he actually set it up.
And obviously, it may be moving out of range.
So they may have already reached it.
Yeah, I mean, look at that.
This is pretty wild.
How many treatment transactions are we at?
Is there even a way that we can just go and look?
I saw, obviously, someone messaged us saying it did $100 million of volume in 35 minutes.
That's the first 35 minutes and everything stayed intact.
So that is impressive.
That is really good to see.
I saw EZ had like 180,000 tokens to claim.
It's great.
It's great.
Him and a lot of people that have been like, you know, avid Solana, enjoy yours for the past year or so are getting heavily rewarded here.
So you absolutely love to see that.
Good for them.
It makes me happy, personally, to see.
And I guess we'll see tomorrow kind of postmortem of where we're at with Jupiter on the show and whatnot.
Besides that, what do we got here?
Look at Eric.
I love that.
I see him in the studio.
What's up, Eric?
I think, oh, yeah, I can see him.
But on the NFT side quickly, you kind of went over it, Mando.
But it was really like the Sotheby's grails, right?
We covered it when it first opened up.
The 3C grails, it closed yesterday, right?
Yes, it was like the limit.
Is that what it is?
Yesterday, it closed.
Yesterday closed, right?
I think you had some.
Was it ACK?
xCoffee definitely traded.
Yeah, it was a lot.
These were good pieces.
These were all from the Starry Night slash 3AC liquidation.
I think Michael Buhanna put out a tweet, so did Punk 9059.
So you can check every of those.
But you can go through all the different pieces.
But I think it wasn't like incredible.
There wasn't like the one unbelievable sale that set the tone.
It was more like a bunch of different ones, kind of 100K to 100K plus.
Art very much alive.
Oh, it doesn't show.
It says bidding is closed, so I can't really show you guys the prices here.
Of course, of course 9059 posted the stats.
I mean, this is his name.
NFTstats.eath.
He's been posting a lot.
Shout out to Sam.
Love to see that.
I can't really find it.
Hey, stats.
There he goes.
So the xCoffee Citizen sold for 85th.
The Beeple Time sold for 76th.
Oh, I love to see that.
ACK's Tell Death Do is part 70th.
Grant Yoon's Bedtime 30th.
So this is this awesome love that people saw this in dollar terms.
Of course, like, you know, these are the prices here on screen that you can see.
I guess, you know, somewhat of a successful sale here.
Everything sold.
Love to see that.
And honestly, just personally, I'm happy that these are finally out of the 3AC liquidation
kind of like situation.
And they're probably into better homes now of people that will cherish them forever and
ever after.
The other news actually that came in this morning, boys, which is why we didn't have
it up there.
But maybe we'll talk about it.
The Ripple.
Did you guys see the Ripple founder hack?
This just happened.
What the hell was up with that?
It's got to go hacked, right?
So the Ripple got hacked for $113 million.
Right before the show.
So it's here per decrypts article.
Ripple founder hacked for $130 million.
XRP drops five points.
Ripple's XRP token dropped following word of a $112.5 million hack, which co-founder
Chris Larson said were from his personal accounts.
That's I didn't see this.
I saw that.
Did his Twitter get hacked as well?
I just maybe I just saw the headline.
Let's I mean, this literally just happened.
Like you just posted on X. Yeah.
Look at this.
It's exactly as we picked up on it.
So it's two to two and 13 million XRP tokens that were hacked.
That's crazy.
And they've been laundered through Maxi, gate, finance, crack and OKX, HTX, hit BTC,
So this was like a pretty organized coop like type of thing going on here.
It'd be kind of like one thing people you have to realize is the reason why the SEC
game at autism is is the team owns a ton of fucking tokens.
Like it's only the team owns less than a million tokens.
That's insane.
I mean, Chris Larson co-founder said yesterday there was an unauthorized access to a few
of my personal XRP accounts.
Not Ripple.
We were quickly able to catch the problem and notify exchanges to freeze the affected
addresses.
Law enforcement is already involved.
This is wild.
This is this a big hack.
Yeah, definitely professional.
But it was laundered through multiple different exchanges.
A lot of it.
I mean, look at that.
Look at this chart that Zach posted.
It's shit.
That is insane.
That is absolutely wild.
Anyways, hate to see that whether you like Ripple or not.
You know, XRP or not.
This and that.
Hate to see another hack happening in our space.
But, you know, it is what it is.
And that just happened this morning as well.
So that's that.
And then, you know, you kind of went over and over NFTs and went out again.
But, you know, everything seems like kind of like Stalin on the slaughter side because
we're waiting for what's going on with Jupiter.
So, of course, like some cell pressure on the on some of the solar NFTs, but not crazy
versus the tokens on the ordinal side.
The quantum cats mint is today.
The remint.
So you get to mint again.
Did you guys get your cats?
Did you guys get to see your cats?
Yeah, I did.
I think I don't know if it's a good one or not.
But look cool.
You know, I have to say.
My terrible.
Listen, Woody.
I love Woody.
So I will adopt my cat.
I like mine.
Mine was cool.
Mine looks like it got beat up on the blockchain before being delivered to me.
You know, but it's OK.
You know, we you know, we they're cute.
You know, it's you know, maybe I may have to replace it for a floor one when when when
time comes.
But that's about it.
I like your one.
Your one's good.
And then so that's that on the Bitcoin side.
Aside from RSIC, like that meta protocol, like the that's something these point out
to me yesterday.
That went crazy overnight.
It's up 33 percent.
The airdrop that people have gotten for having puppets and whatnot.
So that's happening, which is up to a point six Bitcoin floor with Bitcoin being up.
So yeah, not bad.
Bitcoin went bounce from 39 to 43 K.
And that thing bounced from like point three to point six.
So double their puppets bounce bitmap.
No monkeys seeing a lot of high sales.
There was a grail sell for about what?
One point a Bitcoin gold sale on that.
So love to see that.
Usually a good signal when when rarers and mid-rares are selling in a collection and
the rest like pits and ninjas and stuff kind of holding that floor or B all that good stuff.
And then last but not least, on the east side, you know, nothing much like kind of
like each online token.
Like, you know, doodles still above holding to ease.
The gods three area.
Fizuki above six.
Mutants above four.
You know, apes are holding that that ground where they were.
Punks still punking around above 60s.
Love to see that.
And and pudgies, you know, kind of stabled, I would say around the 60s mark.
So that's about it.
Anyways, the other big news for NFTs is the news that we're going to be here to cover
here and what most of you guys are here to probably listen to.
I see a lot of I see a lot of y'all in the audience.
But first and foremost, just a reminder that if you retweet the pin tweet, which is a Twitter
space is at the bottom right, if you go to the bottom right, there is a purple box.
Click on that purple box.
Hit the retweet button.
Follow us from our F O M O H O U R.
Not just because we're giving money away just because the show is fire.
It's fire.
Well, I think so.
I'm biased, but I really enjoy our show every morning.
And so and so check it out.
And we're giving away $1,000 once we're going to be done with snow for us interview.
And we're going to be giving away $1,000 per day for 15 business days straight business
days, because the show is only on business days.
And and then on Friday, we're spending like $20,000 worth of loot boxes.
So that's going to be a riot.
I can't wait.
Razor was like, rip it.
Let's go.
Okay, then let's do it.
Let's welcome to the stage.
Our good friend, Eric Calderon, AKA snow fro Eric.
Good morning.
Good morning.
How are you doing today?
What's up, guys?
How are you doing?
Dude, we are vibing.
Oh, I saw that.
Did the art box account get rubbed from the from the Twitter?
No, I see it.
I see it there.
You see the box account?
On our stage?
Well, well, Twitter is definitely lagging then because I don't see it.
So is that so weird?
Look at that.
Look at my screen.
So for those of you who are on audio, you can join us on video or live on the rug video
But we're also live on X.
I posted the broadcast.
It's been at the top.
We've all posted it.
We broadcast every single morning, Monday to Friday on audio and video.
Snow fro.
Why is that a lot of energy this morning?
You like that?
That is a great amount of energy.
Where are you right now in the world?
Go punks, by the way.
I'm so excited.
They keep going.
I'm in Houston.
I'm at home.
I like that.
I like that.
How about you guys?
I'm home.
I'm in Montreal, Canada.
Mando's in sunny Lisboa.
And Ovi is in rainy London.
So that's it.
It's not raining.
It's just gray.
I'm in snowy Montreal.
Sunny, sunny Lisboa and gray.
Not a cloud in the sky, Ryan.
Not a cloud in the sky.
Beautiful.
That's amazing.
It's sunny today.
I'm excited to have some sun over here.
I love that.
I love that.
You're here to share some big stuff with the Artblocks ecosystem here today.
Give us a TLDR.
Watch the news here.
So Artblocks has been fortunate enough to get to work with the two awesome
gentlemen at the NFT platform, Sansa.
And we've had the pleasure of acquiring them to be able to help expand Artblocks
this kind of ecosystem a little bit beyond where it is today.
So Jack and Matt are two guys that have kind of been awesome community members
in the Artblocks Discord and the Artblocks ecosystem.
And kind of near the end of the year, last year, conversations started getting
And here we are today just getting to announce that one of the most supportive
platforms for the Artblocks ecosystem is kind of part of our umbrella.
And we're incredibly excited and incredibly proud, not just to be able to offer
kind of a broader ecosystem for our collectors, but to welcome Jack and Matt
to the Artblocks team.
I love that.
Congratulations on the acquisition.
We'd love to hear some good M&A in the space.
There's a lot of it going on.
And I'm not even surprised.
The Sansa platform is awesome.
I remember Dee's putting me on that, I think two years ago, or whenever it came
It's been about a year, a little bit over a year, yeah.
And it's super cool.
I mean, Eric, your question would be like, what about Sansa drew you into the
platform to make this move in the first place?
I mean, it's a beautiful generative art browsing experience.
It was built originally just for Artblocks.
And it's like these two dudes basically built this thing that I've been wanting
for a really long time to exist at Artblocks.
And without having to give them any input, they literally built exactly what I
think Artblocks needed.
They were taking in our engine partners as royalty situation kind of got weird
and uncertain.
And we have a secondary marketplace on Artblocks, but that's just for the stuff
that's on Artblocks.io.
These guys basically took in our engine partners and gave them a home and a place
to showcase the work so that it felt cohesive and it was a really nice browsing
experience for generative art.
And they did that on their own.
And they did that as a very agile duo all in the course of a year.
They've created this beautiful thing.
And it's something that we've kind of been, I mean, that's how I've been browsing
generative art outside of what is on Artblocks.io.
And, you know, Artblocks always had pressing priorities.
I mean, this is kind of what happens when you're building in Web3.
It seems like there's always something pressing.
There's always something that's kind of keeping you busy.
And we've never really been able to build something like this out to bring all
of our ecosystem home in one place.
And just with the acquisition of Sansa, we now have the honor of bringing
everything home.
And now everything that's ever been minted on Artblocks technology is available
in your wallet.
I mean, just think like for the last however many years, there was no way to see
everything you've minted on Artblocks tech.
Like you had to go to OpenSea to see it all together, which is fine.
But the browsing experience for generative art is a better browsing experience
when it's catered and tailored to generative art.
And that's what the Sansa team has done.
Okay, that's awesome.
Congratulations with that.
So what does that mean for the other collections on Sansa?
Like are they going to stay on there or is it just going to become like an Artblocks
marketplace slash secondary platform?
Look, we're going to figure it out.
We have a lot of figuring stuff out to do.
Like the last thing I want to do is remove artwork from a platform.
It's also misleading because it is kind of part of the Artblocks ecosystem.
And so we've got some work to do.
We've got a little bit of digging to do to kind of figure out we need to kind of
be in touch with those platforms and see, you know, and navigate that.
But for the time being, you know, the majority of the work that's on Sansa
has been Artblocks work or Artblocks related work, whether it's bright moments
or any of the amazing engine partners that are on there.
And so the vast majority of it belongs there natively.
And then what we do with the other stuff, I mean, I just see that there's
opportunities to kind of explore that and potentially give artists a home
where they can show everything that they've created, whether it's Artblocks
or not within one profile.
So we'll explore that. We'll figure that out.
Hopefully in the next couple of months, we'll have more answers.
That's awesome. I love that. Go on, Mando.
I say I love this. I actually didn't know about this site.
But there's been a few attempts to like do this well.
And this is really nicely done.
You can really look for everything.
It's super clean.
It feels like a gallery experience, right? Like it's nice.
I love the feel of it. It's like the perfect home for Artblocks.
I remember seeing it first when obviously Artbodies is super into Artblocks
and everything you do has been a big supporter.
And when you showed me that, I was like, damn, this is so clean, right?
Because obviously the OpenSea experience in other marketplaces is not the best
when it comes to seeing all the different Artworks
and all the different creators that you have at Artblocks.
Obviously, there's a lot of collections past, present, and future within your ecosystem.
So I think this is a really cool acquisition.
Again, Web3 within Web3 acquisition is so fun, right?
I love that. Same way we teamed up with Decrypt and stuff.
I just think you love to see that.
So what does that change, Eric, for your creators and the collectors?
Well, I mean, it's a bunch of things.
For starters, Artblocks.io will remain Artblocks.io, right?
We have a very special thing going there that's just our more selective releases
and that'll stay on its own bespoke website.
But one of the things that's really interesting to me is that obviously
we're working within a bit of a more fine art category there.
We're really trying to elevate the medium of generative art,
and we're very sensitive to the way that we portray that artwork.
But we're in an ecosystem of...
Gosh, where I came from is being a DJ,
and messing around with coins and punks and all these things.
And so we know that the browsing experience,
like what the Web3 community is actually looking for is things like rankings
and sweeping the floor and that kind of stuff.
I'm not interested in putting a ranking at the front page of Artblocks.io.
Even if we are in Web3, that just doesn't feel like the right message to be sending
when we're really trying to elevate this stuff as art.
But we can't ignore that other side.
So what we get with Sansa is this ability to start
leaning a little bit more into the Web3 side
and being able to maybe do collection offers
and one day maybe do sweeping on the floors
and analytics and rankings,
the things that we have trained ourselves in this ecosystem
to use to determine what to follow and who to follow
or maybe what the next artist is that we're going to dive into.
And obviously, that can lead to various different collector personas,
whether you're literally flipping, speculating,
or become a patron of one of those artists.
You can really get to know their history
by having some of those analytics and stuff.
And so number one thing is you're going to get a little bit more of that pro experience
than what you get on Artblocks.io,
which is just more tailored to being more art forward.
Besides that, as a collector, you now have all of your stuff in one wallet.
And so, of course, eventually we'll combine all our wallets
because a lot of us collectors have kind of gone deep
and have a lot of different wallets for different things.
But you couldn't do that before.
So if I wanted to see my Bright Moments stuff,
I mean, I could see it on the Bright Moments website,
but with the full live view, et cetera,
like I had to go to OpenSea or I had to go to Sansa,
and I couldn't just kind of see everything one place.
So now we have everything in one place.
And we can keep adding our engine partners.
In fact, right now, any engine partner that we've ever worked with
is going to appear on Sansa.
So that's middle term.
Also adding some features for collectors.
For example, the ability to render every single token
that you've ever had at whatever resolution or in animation.
That's something that Matt Deloriais actually built
a really beautiful tool a couple of years back in open source.
It was a website. You type in a token ID
and you could render your token.
Yeah, that's sick.
It's amazing, but now we can do that at the token level
for every single thing that we've ever minted.
And so ultimately what we're trying to do
is create more of a top-down approach
where we provide an infrastructure layer
and then everybody, whether you're a collector,
whether you're an engine partner, or whether you are a creator,
benefits from that infrastructure.
Look, the only place I know to go send a token is OpenSea.
If I need to go transfer an NFT, I'm going to OpenSea.
It's 2024, y'all. I just don't understand.
I just had to do it two days ago.
We don't have a...
There's a couple avenues to do that,
but that's just not a standard practice.
We will implement token sending on the Sansa website
so you can send your token to your vault
instead of having to exit the platform,
looking at what loyalty reward programs look like
when everything is all under one roof,
and then finally adding minting functionality.
Right now we've had 50 engine partners roughly
and every single one of them had to build their own minting functionality
into their website.
That's great because I think a lot of partners
need to have a bespoke website.
They need to have their own experience that's branded,
but a lot of people just want to experiment with the generative medium,
and I want Artbux to be a hub for creativity and innovation and experimentation.
That means investing in the creative side,
maybe investing in some marketing,
but not investing in all the technology that you need
just to offer someone a mint button.
The mint button is something that we've built.
We've in some ways invented it within this ecosystem
and that mint button has become incredibly commoditized.
There's a bunch of competition, there's really great platforms out there,
and we're more leaning into just making that a recognizable unit
within our ecosystem that people will hopefully recognize
as this is Artbux minting and this is Artbux purchase flow.
That's just a few things off the top of my head.
There's a lot of things. It's great.
There's a lot more to it.
That's awesome. You can't touch on that,
but maybe I'll ask more specifically,
how does this acquisition of Sansa contribute to the future of Artbux?
I know you just said, for example, it's a one-stop shop,
one place to view your collection,
finally transfer your assets without having to go through OpenSea.
I had to do that two days ago and it was such a hassle, I'm not going to lie.
It's just absurd how crazy this is.
But how does this exactly contribute to the future?
What comes now? You acquired Sansa.
I just saw the Decrypt article just go live now.
I'm going to pin it.
What does that mean for the future of Artbux in general?
A little bit of it is just getting back to a little bit of a Web 3 ethos.
We have Artbux.io, which was created originally.
It was a platform for hosting generative content in the Ethereum blockchain.
It had this breakout moment as an art platform.
That's one of my proudest achievements.
I say that all the time.
All the work that's on that platform is one of my favorite things,
one of the proudest things I'll ever do in my entire life.
We, in response to the market conditions,
have increasingly reduced the cadence of that and tried to be more and more selective.
In the process, I've just not really given a place to be a platform
for creative content on the Ethereum blockchain.
What this does for the future of Artbux is expand and enable us
to make it easier for people to participate in the creative and the generative medium,
and hopefully bring their own audience.
What we need is we need more people.
We need more people here to come buy your bags.
That's literally what we need more than anything in the world.
We have an incredible group of patron collectors that have been here,
studying the artists, supporting the artists, giving feedback, buying the art.
They've been here from the very beginning.
They've only doubled down and reinforced their love for generative art
and digital art in general.
I think what would make us all feel more excited is to get more people in.
At the level of what Artbux, what we call flagship or curated, does,
that's a high level.
That's expensive, and it's meant to be a little bit more exclusive.
I'm not an exclusive person.
I've always been all about inclusivity and trying to get stuff available
and make it available for people.
This allows us to have a little bit more breadth.
It allows us to facilitate people to not necessarily sell to the same people,
but hopefully to sell to some new people, to attract some new people,
for artists maybe to be able to self-publish one day into their own collector base.
In the end, Artbux is a platform that I built out of pure passion
and a love for the generative medium,
but also curiosity for blockchain technology and how it intersects with that medium.
I'm just trying to get a little bit back to where that started.
The platform is the Web3 way.
Optionality is the Web3 way.
At the beginning, we'd always be like,
let's get rid of the middleman.
The middleman serves a really, really great purpose,
especially in cutting through the noise.
But not everybody needs to cut through the noise.
Giving people optionality to release themselves.
Giving people optionality to release all the different flavors of all of our engine partners.
You want to mint in person?
Go talk to Bright Moments. They're amazing.
You want to apply to Artbux 5.0.
That's an amazing experience as well.
Optionality is what we're here to give,
and that's what we're giving to every one of our creators, collectors, partners.
I really do think it sets the stage for Artbux to remain relevant as generative as a medium.
It becomes a more commonplace term in the household, hopefully.
That's awesome.
Seems like a pretty cool and great moment for generative art, Artbux in general here,
as you guys are going to be able to aggregate all these collections in one place.
Question for you, for the people that were using Artbux Engine, how does that work?
Are they going to be able to be showcasing on there too?
Yeah, so they'll immediately appear on there.
So now everything that's ever been Artbux created appears there.
That's sick.
And optionally, we haven't finished integrating this,
but optionally they'll be able to have minting functionality within that page.
So they won't have to build it out themselves.
Now, you may not want that.
Artbux.io spends way too much effort creating content and articles and interviews
for us to let people mint and ignore all of that.
The whole point is we want to explain what the artist's message was and what the process was.
And so allowing minting on the Sansa website would defeat the purpose.
And so Artbux flagship, or Artbux.io, if you want to pretend it's like an engine partner,
is going to choose to exist within the SQL.
All the NFTs exist within the Sansa marketplace,
but it's going to choose to maintain minting to exist just on the Artbux.io website,
which has been built out into this beautiful thing.
Every engine partner has that choice to make.
They can have it on their own site.
They can have it on Sansa.
They can have it on both.
And ultimately, what we're trying to do is just lower the barriers to entry
to be able to release generative content.
Generative content, in some ways, has become very homogenized.
I don't know.
It's just something that we've kind of seen over time.
You had 100 generative creators three years ago.
You have 10,000 generative creators today.
It's the most beautiful thing to see that many people kind of find a creative side to them
and start getting into the generative medium.
And from those 10,000, we're going to get 200, 500 people that are going to rise
and blow our minds in the next few years.
But in the meantime, we also have this exploration of generative embroidery
and generative goods, this idea that a generative thing means that
everybody can have something that's unique to them.
We've proven that, at least in the very expensive PFP world,
like punks and pudgy penguins, people are very interested
in being identified as an individual with the object that represents it.
I identify as a squiggle.
And so in the physical space, it just feels like maybe when things don't cost
$5,000, $10,000, $100,000, there is an example.
Oh yeah, or a race car.
Not to flex on anyone, you know.
Not to flex on anyone, but Eric gifted me that in Austin.
You got a good one, man.
And so yeah, I think there's an opportunity here to really kind of lean into what the
generative medium looks like.
To me, it feels very well powered by blockchain technology, by the provenance
and all that.
And as we do this, we're going to double down on the Ethereum ecosystem,
the EVM ecosystem.
There's just so much exciting stuff happening, especially as we have the ability
to expand into multiple L2s.
The minting experience, if y'all haven't minted on Arbitrum, on Prohibition,
it is a really, really awesome experience, especially coming from years of
paying a bunch of money on gas and waiting a bunch of minutes, I guess,
for a transaction to clear.
Yeah, I think there's just so much opportunity within those ecosystems,
and we're excited to kind of double down and keep exploring in the EVM space.
I love that.
This is freaking awesome.
You have no idea how our VP of creator is Ben, who founded Audio Galleries.
He's in my DMs right now, ecstatic.
He's screaming to me on WhatsApp.
That's awesome.
He's literally, I wish I could share my screen.
He's like screaming in the form of writing.
There's like maybe seven.
All caps?
Yeah, it's all caps, LFG, seven exclamation points, and wow, 12 exclamation points
and amazing in all caps, four exclamation points,
because he uses Artblox Engine, right, to power what he does for, like,
to support artists.
It's going to be a lot easier.
Also, the lift, right, because he was just telling me this would have cost him
like $10,000 minimum to build on his own.
That's his words, not mine.
And look, the dream is that those platforms get to a point
where they then want to build it out, right?
But it just feels like we're asking people to invest in three things.
We're asking people to invest in the content, the creative content.
We're asking people to invest in the marketing,
because you have to get your word out there,
the entrepreneur, the innovation side.
Like, sometimes you just want to test the waters.
You want to try something out.
The generative distribution mechanism is, I think,
a revolutionary process of giving people things that are unique to them.
Let's at least take one of those barriers down
and not have to invest in all of this tech
if you just want to try something out
and make it a little bit easier for people to kind of tinker.
And again, all it takes is one or two of those ideas
to not be catered or marketed to our community,
but to be catered and marketed to their own audience.
One big brand that gets their brand excited.
My dream is, like, Swatch has a generative thing,
and you meant to Swatch, and Swatch makes you this watch,
and everybody's sharing in Discord their Swatch when they get it in the mail.
It just seems so clear to me that that is something
that would get a bunch of watch nerds excited,
or at least Swatch nerds, because I know some watch nerds
are much, much higher.
There's all sorts of watch nerds on CT.
Yeah, so I feel like, I mean, just like,
all it takes is one or two of those things
to introduce a new audience to all of the stuff
that we're sitting here talking about every day.
And that's a test I've imposed upon myself last year
to get as many new people, to get as many new eyes.
Not necessarily based on scarcity, not necessarily based on FOMO,
although in some cases that is kind of how things operate around here,
but based on, like, proving that there is value
in the digital object beyond that.
And I think that with, you know, eventually,
custody wallets, credit card integration, account abstraction,
all these different things will eventually lead us
to a better place.
And then, you know, maybe my bold prediction of 2026,
Apple adds a crypto wallet to the phone.
But that is the need to know probably,
but that is actually kind of what would just change everything
for everybody in the blink of an eye.
Yeah, we just got a prediction from Snowfro, that's rare.
2026, Apple adding a digital wallet to its devices,
you'll have to see that.
I also think this is something that's going to happen.
It's inevitable, right?
This revolution is just so big.
At least by 2036, but 2026 would be really great.
2036, that's too far.
That's too easy, Snowfro.
That's too easy.
But 2026 is a nice call.
I like it.
I mean, Eric, congratulations on everything.
Excited to see you in Paris, I think.
Oh, yeah.
Well, we're going to see each other in Paris.
Oh, yeah.
Are we going to play in poker?
Let's do it.
Let's do it.
Let's do us four.
We're all in Paris.
Let's add a few of the folks that are listening.
There's a lot of friends listening down there.
I'm sure our poker players.
So we should organize a little something.
I feel like I feel like we're walking into a trap here.
Like, have you been playing poker like this religiously?
I did play a lot of, I did play a lot of poker,
but one day we need to have a squiggle as a prize for a poker tournament.
I think that would be pretty fun.
Let's get 100 people in on that thing.
It'd be pretty fun.
That could be.
I mean, yeah, we could.
I'll bring the sprinkle.
You bring the 100 people.
We'll do a tournament.
You have a deal.
You have a deal.
I'll bring the 100 people.
I love that.
Thank you so much for coming this morning.
Congratulations to you.
To art blocks and to honestly, everyone like that's in a generative art space.
Like this is really big moment.
So congrats.
It's really fun.
Appreciate it.
Thank you to the community that's been with us all this time.
All the creators.
And then my team at our pucks have made this happen.
It's like, it's unbelievable.
You have an awesome team, by the way.
It's really like, yeah.
Congrats, Eric.
Thank you for coming.
Thanks guys so much.
Take care.
All right.
All right.
Well, that was fun.
Oh, oh, what did I do?
Oh, there it is.
Big day in the words of Barry Silver.
You know, we had that, you know, Jupiter happening, art blocks happening.
That was, that was fun.
I love that.
This is really cool.
You'd love to see this.
I love MNA in the space.
I used to talk about this a lot two years ago, Olivia, actually.
I remember that tweet.
You were like, Oh, there's all these MNA's in the space.
And I have both in two years.
Like it's happening right now.
I don't know.
I kind of, I like that.
It feels good.
All right.
Well, if you were tweeted at the bottom, right at the bottom, you still have time.
You sound like one minute.
I would say at the bottom, right.
There's a purple box.
And if you were to read the Twitter space, that's it.
Nothing else.
We were to a Twitter space, follow FOMO hour, follow rug radio, and you could be the lucky
winner of a thousand dollars right now.
So I really got to get this ad blocker once in for look at this bad for gas.
I'm dying.
They're serving me ads of the hotel.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
They're serving me ads of the hotel.
We stayed at this random ass hotel and the city called bad regas with the boys.
Well, we went to Swiss and I'm serving me all these ads.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
I'm dying.
$1,000 today. It's the fifth winner today. So we have nothing Tim. I don't know. So you guys are the math guys here
FOMO our and then
roll bit co-m boom
No, I messed it up again, I'm get I'm gonna get better at this I promise y'all
I just I'm too excited to do something like this. Okay
Before the shot kind of yeah, I know banner picture description 100 plus tweets one month ago past month boom
Okay, make sure it's not a pot. You have to be listening though. Y'all you have to be
Listening. What I'm gonna do is I'm going to continue here and then I'm gonna pick
I should pick my way. All right big and draw
The winner is souls. Oh nice a Cory van Loo rug radio PFP
S. Oh, oh OZ
001 you won a
$1,000 so if you are listening if you are listening to the show
You got to come on toward a spaces request to speak real quick. S. Oh, oh Z. Oh
001 you love to see that
Let me follow him actually or her
That's a fire PFP got going. There it is. There you are. There you are. There you are
Community curator at the hug XYZ. What's up, so's
How exciting congratulations you want $1,000
Hey, congrats man, so we're gonna reach out to you and we're gonna give you a thousand or so
What are you gonna do with $1,000?
probably buy an NFT
No, you're not supposed to do that. I'm kidding. I'm kidding. I'm kidding. I'm kidding. I'm kidding. I'm kidding. I'm kidding
You're gonna buy an NFT. What an after you're buying with $1,000
It's not decided yet. Okay, but but there's something minting today that if it
That if it's not sold out, perhaps when I get the funds, I'll grab it. It's an art NFT
Look at that. You're gonna buy art with that
I love to say so I gotta I better hurry up and send the payments to the last now five winners
So four winners plus you as the five winners
I'm gonna make sure we do this with Bernie today and get that sort of sues
Congratulations, sweet. Thanks so much guys. See ya
Isn't that fun guys that we really make sure we pick someone like from the audience?
Every time like a proper disc jockey now, you know, like you used to hear that on the radio growing up
But how you've won a hundred pounds in a show like bring someone up
You were born for this, you know, I grew up to that like my mother like going to school every morning in Paris
Was like a big deal so every day in France
You know, I think you're racist against French people
You and so be both I think you guys don't like French people. I just love when you talk about childhood. It's
There's always something
I was born a I was born a poet. I'm Iranian French Canadian all at the same time
Football hockey
play tennis played
Racquetball you you're like over in the number of different stories of lives growing up
Yeah, I have live many
Many women think I was listening at this day. There's no reaction
back in my days
You know when I was born in France
I used to listen to the radio and
You know, we used to go for walks before the phone was out here we go wrecked man high-energy OSF didn't speak at all
Is he high lol?
Did always speak today
Yeah, I spoke at the beginning. Oh, yeah, I did go to you for the Jupiter stuff
Yeah today was one of those because when we have a guest sometimes I kind of leave that the the the charge with the
Interviews and stuff, but I felt bad. I'm like did I not go to Ovi today, but I did. Okay, cool
I did go to Ovi. I mean, I always make sure I go for him. He was not that he was not
I always make sure I go to Ovi. He was like busy making fun of me in the chat
Boys before we take off. What's our guest tomorrow? Jupiter? Was it at just fun that where is it right now?
If that roll bit 67 cents, it'll be hard
Sorry, so one is your call for the show tomorrow Ovi, what's your call tomorrow?
Tough one with FOMC as well a lot of shit going on today
Stocks I I think it will be where is it right now? It's 70 cents
67 cents. Yeah, I think it will be
Just throw a number on the board, bro. Fuck. We gotta go. I gotta meet it. You didn't say a word and now you're hanging on every moment for a like a
B level prediction
Not 90 cent 91 cents, okay 91 cents for you one dollar for Mando. I'm gonna say
We need everybody to be able to claim
Go like $3 for it. It's going to $2. It's not tomorrow, but I'm gonna say
Ninety six point nine cents and a mango drink says one of the comments like that
91 cents for Ovi a dollar for Mando and ninety six point nine cents for me
The winner wins absolutely nothing just clout on the show
Alright with that with that with that we'll see y'all tomorrow morning 10 3 a.m. Eastern Standard Time 7 3 a.m. Pacific Standard Time for the episode
of FOMO hour on the radio
Let me end the show my bed