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FOMO HOUR: UP ONLY + FARTCOIN FRIDAY
Recorded: July 11, 2025 Duration: 0:54:19Space Recording
Short Summary
In a dynamic crypto market, significant partnerships and project launches are shaping the landscape. Myriad Protocol's collaboration with Eigenlayer and the upcoming token sales, including Plasma's XPL, highlight the growing innovation and investment in the space. Meanwhile, the NFT market continues to thrive, with CryptoPunks reaching new heights.
Full Transcription
Thank you. Oh
He's At least the quack token my god time. Yeah. Hey
Yeah, dude, release the quack token wall chain or whatever the fuck team is building this or I don't even know what's going on
We want our to this is where open C
TGEs, okay
We're not live yet. Let's keep those for the clips. Uh, alright, so this is kicking baby. Let's go Thank you. Yo, yo, yo, yo, yo.
What up?
What up?
Good morning.
Good morning.
Good morning.
Friday. Ooh. Far GM. Friday.
Ooh, Farcord Friday.
July 11th, 2025.
Look at that.
It's a beautiful day to have a beautiful day.
I got my co-host in the house, Tyler.
Tyler, Tyler, Tyler.
Good morning.
How you doing today?
I am fantastic today.
It is a very green morning.
We had our fake Bitcoin all-time high two days ago yesterday.
We got the real all-time high, 118K. Woo, baby.
And the rest of the market's falling along soon, not just Bitcoin in this rally, so we are feeling good.
It's hot. I got to say, now that's an all-time high.
You know, we were talking about it yesterday morning, right?
It's kind of a bittersweet all-time high.
Like, kind of touched it, kissed back down.
But no, now that, oops, sorry.
Now that is what I call an all-time high and a breakout.
But you know what's the best part of this all, Tyler?
We haven't seen anything yet.
I agree.
Nothing.
Like, what is this, pump for ants?
Like, we're going to celebrate, celebrate like a 4% all time high pump
it's like 4% on bitcoin 3%
anyways we'll get to that in a minute
what is that like $3,000
I mean so like
top of the second of the golden bowl
top of the second you know I like that
top of the second yeah
yeah yeah we're like entering the yeah yeah
actually yeah yeah we're entering round three
you know say a five round fight you know, we're like entering the three. Yeah, yeah, actually, yeah. Yeah, we're entering round three, you know.
Say a five-round fight, you know.
So we're entering round three.
Ding, ding, ding.
You know, it's time to, now it's time for the rest to start kicking.
Anyways, I'm sure we'll talk about this.
God damn it.
You guys liked that $8,000 candle call yesterday, lads, on the show?
Huh?
I told you.
I was, you clipped that.
Drafted in case it happened.
God damn it. It was going to take 24 hours. Drafted in case it happened. Oh, damn.
It was going to take 24 hours.
Not even.
It took six hours to happen.
Anyways, let's talk markets.
Let's talk Tyler's Top 1000.
That will be joined by my co-founder and our CEO, Locksley, and COO, Ilan, so that we can talk to you guys. Also, it was a big day for us about the Myriad Protocol, our partnership with Eigenlayer, partnership with Alinea, everything that we're building.
So we definitely want to talk about Myriad markets and everything that's going on.
That's going to be in about 30 minutes.
From now, then, Farquhar Friday, let's see you win some money.
We've been chatting.
You guys have been cooking.
We've been giving a lot of money away.
This is probably one of the most best weeks or best giveaway weeks uh we've had so let's see uh what how much we can give
to y'all today just make sure you go to eat.com make an account uh using the fomo hour code make
sure you place a bet we're only rewarding active users on the platform so week after week make
sure you bet doesn't have to be much, but just a little something.
And then last but not least,
this show is powered by Wallet Connect.
Wallet Connect is a connectivity network shaping the future of on-chain UX.
If you've connected to Web3 app,
you've seen Wallet Connect.
That blue logo,
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Want to learn more?
Follow Wallet Connect on X and Telegram
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If you trade crypto, check out pro.kraken.com.
Trade without trade-offs.
Which, by the way, Kraken's also taking part in tomorrow's pump fund TGE.
I noticed that.
That's cool.
There's a lot of, like, Asia-based exchanges, like BitGet, Bybit.
Okay, like all of those.
And they just have Kraken in there.
It was funny.
It's a good thing.
In a good way.
So check it out.
Industry of China.
If you are not from the UK or the United States of America,
and you plan on participating in the Pump Fund TGE tomorrow,
Participating the pump on TG tomorrow.
I think Kraken is also our ring.
I think Cracker is also our ring.
So may as well shout out our sponsors.
So may as well shout out our sponsors.
Anyways, Tyler, we got a lot to talk about today.
For daily NFT and crypto analysis.
Tyler D on FOMO.
Our cause to Kit K and Fik.
Ready to bash the bears.
Yeah, folks.
Crypto major is very green this morning with Bitcoin hitting a smashing new all-time high overnight.
$118.5, hanging out right below $118K right now, up 6% on the day.
ETH outperforming still $29.94, up 7.5% on the day.
We also got Solana lagging a bit, up 5.5%, 166.
Top movers on the day, well, there was a laundry list,
but some of the biggest ones, some surprises out there.
Say was up 30%.
Ina up 24%, and IP up 23%, leading top movers.
Mog also up a whopping 36% or something absurd.
Yesterday, second highest day ever for both the Bitcoin and ETH ETF inflows.
1.17 billion for Bitcoin, 383 million for ETH.
Huge inflows.
Due to that, 240 million in Bitcoin shorts liquidated.
Highest total in four years, over 1.14 billion in shorts liquidated across the crypto market.
So one of the worst days for bears.
I think it was $1.14 billion, by the way,
in short liquidations over 24 hours across crypto in general.
Crazy.
HSBAF.
HSBAF.
Continuing through this rumble,
we talked about this yesterday,
breaking news, partnering with Moonpay.
They're going to launch a non-custodial crypto wallet in Q3.
In corporate treasury news, Bitmining looking to raise up to $200 to $300 million to buy
Sol.
I think Upexi came out with some news this morning.
They're going to look to raise another $200 million to buy Sol.
So that Sol corporate treasury trade now is starting to get a little bit more interesting.
And then SBET, shout out to our homies.
And Joe Lube and the stock over $20.
$22!
Oh, wait, what?
Damn!
Open here. And they also announced that they acquired some
directly from the Ethereum foundation.
We're going to have to talk about that.
Interesting.
Continuing through this,
token airdropping protocol news. Pump Fund
announced the acquisition of KohlScan
yesterday, which is a wallet tracker for on-chain traders.
It has a leaderboard.
We also had Coinbase launching Pump Perps.
I saw Pump token trading at $5.5 billion this morning.
Yeah, 5.4 right now on Hyperliquid.
So big interest just 24 hours ahead of that ICO tomorrow.
Myriad, we're going to get into it later in the show,
but several announcements, launching Myriad Protocol,
beginning the multi-chain journey, moving over to Linea,
building on Eigencloud, censorship-resistant oracles,
synthetic tokens, and more.
So excited to dig into that.
Plasma announced its XPL public sale will take place on July 17th.
So we are now in a huge week for token sales with Plasma Cornets hat in the
ring. Then Agora raised 50 million in a Series A from Paradigm to build out their AUSD token. So
I thought that was a notable raise. Rounding this out, AI market cap up 8%, 10.9 billion.
GOAT surprisingly leading the way on the AI board up 40%. So that thing's still hanging around.
And memes, the meme board is washed and green.
Everything's up 10% to 15%.
Again, MOG outperforming.
Launch coins back up 20%, so it's hanging out.
And then NFTs, punks, $130,000 floor folks.
So they are still outpacing Bitcoin.
Ordinals even catching a rally.
The market's so hot that ordinals are catching a bit.
That's how Logan posed that.
Deep, deep rally.
And then a Beeple politics is bullshit edition sold for $140,000 USDC yesterday on Ghana
and then resold for $60,000.
So Beeple, those editions quietly, one of the hotter digital assets out there.
Oh, yeah.
I'm comfy in my GigaChat.
Like that is one of my best performing assets
over the last three years in terms of like value held.
I heard, last I heard was,
I think once for 25 ETH without the physical.
So that's like 75K.
And, but I have a physical. So that's like $75K. But I have a physical.
So I think that's like you're in for like $100
something K. It's not bad.
It's not bad.
I don't have an
X copy and I don't have a Beeple.
Those are the two on my wish list
for digital art.
When you make all this money off your far coin at $10,
you can just treat yourself.
That's what NFTs are for, right?
It's like an end of cycle thing.
We buy them at the end of the cycle.
We treat ourselves with a nice little wifey punk or something like that.
I mean, punk, let's look at the ratio real quick.
I know we have a lot to cover.
We're talking about Bitcoin all the time.
But we're there.
We're talking about NFTs.
$129,000 in United States dollars for a crypto punk. I mean, if you're rocking a PFP. $129,000 in the United States dollars for a CryptoPunk.
I mean, if you're rocking a PFP under $130K, please don't at me or share your opinion on my wall.
I don't care what you have to say.
Reality is you need to work harder, move out of your mom's basement, stack some ETH and SOL, buy a few real PFPs, and share your opinion.
I mean, my punk is back on.
The punk is back on, Tyler.
Well, I'm waiting for you to put yours on.
I do respect the Pengu season PF'm waiting for you to put yours on.
I do respect the pengu season PFP.
So you got to keep that.
But at some point we're going to have to,
you're going to have to take that one for a run.
Let's look at what you just sent me.
Wow.
This looks good.
Here's the thing about NFTs punk specifically.
It's like,
you got to get in position during the lulls because you're not going to catch the up moves.
They're just too violent.
Look at that.
They went from 90K to 130K in like three days, effectively.
So it was a nice move.
The ETH move was a big part of it.
The floor in ETH isn't even up that much.
I think it's up like 10%. No.
It's 43 and a half. Can we put it in ETH isn't even up that much I think it's up like 10% 43.5 can we put it in ETH here Tyler?
you can if you
scroll up
oh crypto
I'm curious about that as well
ok so it's still a nice pump doing crypto
it's not that bad
yeah a little 10% move
I like these a lot
and I like you've got a couple tailwinds so i think
bitcoin pumping pumps punks on the scarcity aspect and then eth pumping of course pumps the price
since they're priced in eth um i like i like the punks i still want another one but the problem
is like yeah if you wait wait until all your coin plays
play out, by then
I think the Punk floor will
have gone up substantially.
I actually think now is the time.
The best time was last week. The second best time is right now.
This is very nice
on the floor.
There's actually a couple decent ones on the floor here.
The one next to it actually isn't bad.
We're here, this one? It decent ones on the floor here. Like the one next to it actually isn't bad. There's so we're here.
This one.
It's fun with the nerd glasses.
Within,
within 10% of four.
That's pretty good.
Yeah.
It's tough to get fun floors,
man.
It's been a while.
It's been months that I look at the floor and I don't like anything in the
first.
Now I like first three.
Usually it's like first five rows.
Right.
But it's been a while since you've have anything good.
You know, anything good on that front.
But anyways, the bigger news here,
the biggest news here, lads and lasses,
is not punks, is none of that we're talking about.
It's Bitcoin.
Look at that.
Clockwork.
We said the second we break the 111, 112K range,
Tyler, we said yesterday,
we're going to run to 120K.
We almost got there, but we did call an $8,000 candle.
And I believe we got 7,000.
I mean, Ty, what now?
We kissed.
Okay, the new all-time high here is 118.8.
What a candle.
I think we are officially on the easy road.
Breaking 112 and holding it was the signal.
Kobe's tweeting it.
So I think that's our confirmation.
What's Kobe tweeting?
He tweeted the easy road picture.
Did you not see this, Mike?
He did?
Like the easy road picture?
The iconic easy road picture?
It's his top tweet.
Go to his page.
Top tweet.
Oh. There it is. Oh It says top tweet. Go to his page. Top tweet. Oh!
I got a tweet. Hard road,
80k to 100k, which was
edited to 110k. Easy road,
110 to 250.
It feels that way.
now I'm starting to think, like, how do you position for that?
And I've been in positions,
but it's like,
how do I get longer?
You know how you plan yourself for this?
You do nothing.
You sit on those hands.
You know,
we had so much time to like accumulate or like,
reallocate,
like move bags around by looking at what performs and what doesn't
perform.
I think the best thing is nothing here,
Tyler.
If you're in positions and good tokens,
I think,
yes.
We also got a pep talk from Ovi this morning.
What?
I saw that one.
That was a whole pep talk.
Quite the pep talk from our fearless wrecked leader.
He said,
listen to me.
That's when, you know, he started leader. He said, listen to me. That's when you know.
He started his tweet with, okay, listen to me.
What's his TLDR here?
Basically, this is one of those opportunities that you don't get that often.
And now is the time to apply one.
And he's basically saying, it's not risk-free, right?
There's still a chance that you can hit misses,
that you can hit losses,
but this feels like one of those times
where you can really make some real money.
Yeah.
And he compares it to the NFT boom,
the late 2023 crypto resurgence, 2024.
It feels like that kind of a setup, right?
I mean, it really, we've been kind of,
it feels like everyone's been waiting for 112 to break.
And then like they were going to go risk on,
that's the chats that a lot of people are saying that.
And like, I've been in positions for a while,
but this is the moment.
And we had the macro setup with the big, beautiful bill printing, the debt ceiling being raised.
We have stocks hitting all-time highs, inflows into crypto off the charts, like literally off the charts.
Corporate treasuries piling in by the week.
It is a gorgeous setup.
It seems the sellers might actually be out of tokens.
Yeah, I hear there's only 40 Bitcoins left in the OTC desks.
You know, not much wrecked, let me tell you that.
So look, we're looking good on that front.
I mean, nothing much else to say on the Bitcoin side.
Like, look, you're talking about ETF pressure, buy pressure coming in.
It's the same shit we've been saying for weeks.
Like, okay, you have all these
corporate treasuries you have all these announcements you have the big blue the big
beautiful bill you have got like it if you're asking today why are we bumping well just listen
for the last month we're talking about you know because i get these messages that's where normies
come in right go to because i sometimes on instagram like when we're up a lot i'll just
purposely pull a surprise for bitcoin so people are like oh shit you know and then i can message
like yo what happened specifically they pumped like it's not it's not like hey someone said
something happened today it's like a culmination of like 60 days of news let's look at ethereum
as well taylor we have to go there i mean i I wish Mando was on the show today because he's really been the one he's been,
I would say out of us three,
he was the most vocal about Ethereum going to $3,000 and then it became
somewhat of a consensus, but he was a little before it was consensus.
He was really like, you know, pounding his fist on the desk and there it is.
We are literally at 2999 right now looking good.
Yeah. Mando was early to the ETH call.
Got to give him credit for that.
And it is playing out.
And this
honestly, like,
I'm a Bitcoin bull. I'm wearing the Bitcoin hat.
I kind of like
ETH outpaced Bitcoin. I mean, it's been doing
that for the last few weeks now.
I think it continues.
Yeah. And the inflows
on a market cap basis
are stronger in the ETH right now.
You've got more momentum in the
ETH corporate treasury trade right now.
And just like the whole catch-up trade.
It's just such an obvious narrative
right now. And the
momentum trade will
play well on ETH and I'm,
I'm very bullish.
Bitcoin's going to continue grinding up.
I think ETH.
Look at how much room this thing has to run.
Let's pull up the ETH BTC chart that,
you know,
everyone including us made fun of at some point last year.
If you believe that ETH outperforms Bitcoin here,
and we talked about this on the show last week,
right.
Then there's a lot of catching up to do
yeah i mean i could see it going uh like i could see going here like 0.6 at least
it's a big move 0.6 and i'm not even calling 1.1, right? What's its all-time high?
It was last cycle.
Over 0.08?
Oh, yeah.
It's tough to compare all-time high because that's like 2017, right?
Yeah, I didn't count that.
It was like the 2022 all-time high. Yeah, let's go like 20 here, 21.
0.08.
Do you think it's going to 0.08?
That's like 11-Eth to one Bitcoin. Yeah. Or you think it's going to 0.08. That's like 11 ETH to one Bitcoin.
Yeah.
Or 11 and a half.
I don't think we're going to get anywhere close to that.
It's a lot of bullish momentum, man.
I mean,
I'm even looking at Sol ETH chart.
You know me.
I love my Solana.
I still have a very large bag of Farcoin,
et cetera.
But even this,
this is not the support here.
Everyone's sharing the Sol ETH chart. Usually, tends to go the other way when people do that.
But that's also looking good in ETH's favor.
And then the other news on the Ethereum side is Sharpling Gaming.
So you share that.
That was funny.
They've been accumulating ETH, right?
So they've been doing these at-the-money market sales.
They sell the stock and then they're able to buy ETH, right? So they've been doing these at-the-money market sells with the stock and then they're able to
buy ETH. And instead of market buying
here, they just went and got $10,000 directly from
the Ethereum Foundation. Dude, they're up
so much money already.
They're up like $5 million. Yeah, $25.70.
That's a really nice price. They're up like
$5 million in that buy.
I understand why the Ethereum Foundation
sells it on a serious note.
It's just so funny that they just continue to do it
with every move.
Anytime ETH has momentum,
they're still selling.
I'm sure they're on a schedule or whatnot.
Can you guys just hold
for a little bit and just respect the pump?
I will respect the pump of Vespet as a fact.
I bought more today.
Just continuing my DCA.
I like the stock.
It's at 22.
Now up well over 100% from the local bottom around 950 or so.
It's trading at 1.5 billion.
So it is at a hefty premium
to their assets. They're probably holding somewhere
around
600 million. I haven't seen the exact time.
They're going to be the largest holder of ETH, right?
In the next week or so?
Very soon.
My new favorite website, Strategic ETH Reserve,
it lags.
What is it?
It actually did update a bit what's the website
I'll send you a strategic
.xyz
oh wow
the gap is closing
it looks like they
oh my god dude
okay so they're holding 650 million
I don't know that even
counts for some of the buys they've had this week um so they're trading at 150 percent
of their holdings which is a premium for sure but i think if you're buying here you're just you
just have a longer term outlook right like near, it very well could dip as they continue to sell,
as the premium compresses.
But if you think they're going to accumulate billions
and billions of dollars of ETH over time,
then from that outlook,
it still looks cheap.
ETH still looks cheap for sure.
While the market keeps ripping.
It's like,
we're not giving them a chance, bruv.
Went to like 117,
just back over 118.
Like,
we're not giving them a chance,
bro.
It's not even funny anymore.
If we go back to that just for a second,
I think a couple of things that are interesting in this strategic ethers
chart.
I think one,
it gets very interesting when Sharplink flips the Ethereum foundation.
I think that's going to be,
that will be a big headline of that, right?
There's a notable name not even on this list yet.
And that's Bitminer and Tom Lee.
And they're going to be punch with Sharplink,
and they're battling to just have that number one spot,
and we know they got cleared to do $2 billion at the money,
so they've got some room to come out swing.
So where are they here? That's them, right?
You know what I mean on there.
That's what I'm saying.
They're not even on the list yet.
I don't think their buys have been registered.
Maybe they haven't even done them yet.
So that's coming.
We know it's coming soon.
So that's where this is going to get even more interesting
and it's additional buy pressure for ETH.
Right?
We know those buys are coming.
Wow.
Tom Lee isn't even listed yet.
Yeah, this is going...
It's going higher.
I'm not going to...
I don't want to finish my sentence.
3K looks nice here.
It's funny.
3K is a joke, dude.
You know what?
Look at this, right?
You were there in 21.
I was telling friends to buy it at $4,200.
Are we here?
Maybe we're here.
Or we're here.
Yeah,
we could be here.
If you think Bitcoin's going to 250K.
Actually,
wait,
look at this.
I didn't mean to say that.
July on the money.
Exactly.
Look,
July 15th. Wow. I didn't even mean to say that. July. On the money. Exactly, look. July 15th.
Wow.
I didn't even mean it.
What was that number?
It was 1750.
So basically,
two and a half X'd from there.
Followed by a
182,
182% pump.
So that would put us here in the, yeah, 6K.
Yeah.
I was going to say 6,000 to 7,500 is the new target.
I'll put it on here.
If the big one was 250, then 25 to 1, he'd sit 10.
And it did that in, Mr. T, let me tell you that.
It did that in 110 days, that pump to 110 days, I believe, right?
Is that it?
Let me just get it as accurate as possible so I can make a call
and then we can cloud chase when we're right.
All right, Tyler. East is going to be at 62.50 by...
I like it.
By December.
Book it.
Can you imagine?
I'm not imagining.
It's happening.
62.50 East by December before Christmas.
Book it.
You can already make the clip and
draft it. You can even
preset it to go live on December
19th, 2025.
If I'm wrong, you can delete the draft.
If we're wrong,
we'll just delete this clip.
Quickly, I know we're going to get to Myriad here in a second.
What does this mean for the rest
of the market?
You want a real alt season? You need Ethereum.
Yeah.
What do you think?
100%, and I think we're going to get it.
The whole alt season is happening in stocks.
These corporate treasury stocks are fantastic.
I'm not taking away from that.
We are seeing plenty of signals that on-chain alts and memes are going to have a season.
Go look at the top movers in the last day.
It is alts, say, Ina, story, ADA, radium.
I'm going down the list right now.
And then the memes are all up 10% to 15% too.
What other signals do you need to see?
This is not going to be just a Bitcoin rally. It's not just going to be a Bitcoin
and ETH rally. It's going to be everything.
So what are we...
I got to put an asterisk. It's not going to be everything.
But the leading alts,
the leading memes
are going to have a season.
So Dogecoin has had a shitty season so far,
Cycle. How do we feel about that there?
Here, then.
Looking like it wants to move, to me.
This is the type of coin that can put on $20 billion market cap in like three days.
It's done it a million times, by the way.
So I'm not even like just saying it to say it.
Like it did it this year, this cycle right there.
It went from 13 billion to 47 billion.
So sorry, $30 billion.
And it put that in November.
Oh, in the same month, in two weeks, in 2024. And it put that in November. Oh,
in the same month,
in two weeks,
in 2024.
You guys remember that run guys?
Dogecoin put a 250% candle in two weeks back in 2024.
November.
That's like yesterday.
What's going to do that this time around?
That's what I want.
Farcoin.
Boy. $ coin. Boy.
$10.
Imagine the smell.
Yeah.
Harder rises.
Anyways, anything else that we should go over?
I see you live in the studio.
We'll get you guys in like two minutes here.
Pepe looks fantastic.
Oh, yeah.
I get accused of flooding Pepe a lot because I do.
Because you do.
Because I do. Because you do. Because I do.
But I also can look at it and say, wow, this thing looks pretty good.
It's looking sandy here.
And Mog seemed better.
Mog was looking like one of the best trades off the bottom.
Wow, that thing just totally broke out.
It's a total breakout.
Can you believe that you could have bought Mog like a week
ago for, wow, 162%.
And from its bottom,
which was in April, it's up
at 575%. This is good.
Farcoins
at $1.36. Looks like it's
trying to break out of the descending wedge.
The most important descending wedge in crypto.
This is nice.
And then, oh, we haven't talked about the pump sale
pump tomorrow.
Correct, too.
It's just an ICO, so we don't know
when the token's going to come out.
Yeah.
But it's trading at $5.5 billion
right now on Hyperliquid.
It's trading at five and a half.
This is all you need to know
to know that this thing is going to sell out.
And now it's just a matter of how fast is it going to sell out. And now it's just a matter of
how fast is it going to sell out.
I think there's a real chance it sells out in less than 10 minutes.
Marriott has it at what?
Who did that line?
Put an hour.
This is free money.
Wait.
There's still 30?
You guys are out of your minds here.
I mean, there's so much money to be made here. Can I say that a lot? Am I allowed to fucking call are out of your minds here. I mean,
there's so much money to be made here.
Can I say that long?
Am I allowed to fucking call this out?
Like this is insane.
Well,
the pump fund token sales sell out in the first hour.
And there's 30% of people that are saying no.
sorry.
I'm not showing the right screen.
You guys are out of your minds.
I bet it.
I bet right before the show.
I bet.
Yes.
Out of your minds.
No money came in right against me.
Like I moved the line a bit and then it came back.
Out of your mind.
You have to be insane.
This is going to sell out.
I said under 15 minutes.
I'll sit here.
This is going to sell in five minutes.
I'm setting up my gas and my phantom wallet on Solana to like unlimited in order to be able to put in like a 100K ticket.
And I don't even think I'll get that.
But this is absurd.
You're out. I. This this is crazy out of your minds and the other one where i think you guys are out of
your minds you're on myriad who's predicting our myriad like you guys are crazy 38 percent of
people tell us think that there's not going to be the pump token airdrop by the end of july but we
are july 11th i had to deposit. This is freemoney.com.
N-F-A-D-Y-R. I had to deposit
to bet this line.
I thought the guy making our lines was out
of his mind for this. I think you guys predicting
on Marriott are completely crazy. You've lost
it. This is
just free at this stage. How clean is this
website? Anyways, you're right about that.
We'll see what happens tomorrow. Godspeed
and best of luck to everybody participating in this uh in this um in this presale um and it should be good
it was tyler let's get to today's topic because i think we kind of knocked on everything it's
looking good this weekend's gonna be nice let's bring on elon loxley baby what up y'all gm gm gm
how you guys doing oh lox Locke, you're muted.
I'm unmuted now.
Oh, now you are.
What up, guys?
What's up, man?
Look, Locke's got the mustache, too.
We got a little thing now.
Oh, Elon, what's going on, man?
No shade.
Okay, I nearly did it like an hour ago when I was chatting with Perot.
And you know why I didn't?
I realized Locke and I had got the Myriad tattoo and Paruk hadn't.
So I was like,
actually, he needs to get the tattoo first
and then I'll do the mustache.
I am not getting a tattoo.
But if I were getting a tattoo,
that would be one of them.
It doesn't be one of them.
I do think you got to go for the mustache.
Then Tyler, you're going to have to start growing a mustache too.
You know, because I don't mind those guys.
Guys, have you ever had a mustache?
Just like solo mustache?
Tyler?
Dude, it commends respect.
Like I walk around these streets and people like, damn.
Yeah.
It's really awkward sometimes.
I was in the gym and like everyone's looking at me like are we sure this guy's allowed here it was terrible well in europe everybody's got a
mustache it's very euro so here you're like one of a hundred thousand so i gotta say guys i was
just going through these markets with tyler i think people are crazy sorry i'm not over this
like i'm not over this like this is insane to me. Yeah, I agree. Um, we could,
we could be wrong, but I really, I really agree that these feel, it feels like they should be
closer to, uh, to deterministically 90, 95%. Right. Yeah. I think we just moved the market,
Tyler. This is not surprising, but I do think people are crazy to think about.
Anyways, I was going to say we're not here to talk about this.
We're kind of here to talk about this.
Yesterday, we had some pretty bullish news, if you ask me, regarding all things Myriad
Markets, Myriad Protocol, and what we are building over here.
For those of you who don't know, Lox is our co--founder and CEO and Ilan is our co-founder and CEO.
And so together we built what you guys see as Rock Radio,
Decrypt Media and Myriad.
You can see on Locke's t-shirt.
The only person to have gotten one of these t-shirts seemingly.
Ilan and I never got ours,
but one day we went.
He's still mine.
This one's mine.
For sure, he's still yours.
I bet you he has like seven of them.
And so we definitely wanted to come here and talk to you guys about the news that came out yesterday because it was a lot.
I'm not going to lie.
I still don't understand half of it myself.
But that's why I got Elon and Locke because we got a lot of good stuff coming on here.
I'm going to share my screen about some stuff that we're doing.
But first, you know, Locke, I'll go to you and then Elon on the products, et cetera.
But Locke, why don't you just talk a bit about like everything that uh on unfolded
yesterday yeah i mean like we have to go back in time a little bit and one of the things you know
if you just like reverse the clock um three years probably three years exactly uh there was a
conversation that was had about what the future of rug radio was meant to be, um, around the same time decrypt was having conversations about
what the future of decrypt needed to be. And, uh, ultimately like you get a bunch
of people, uh, together, a combination of, of tech entrepreneurs and futurists
and content creators, uh, and journalists, and you're going to end up with
technology that advances content creation and journalism publishing, right?
Like there was no way there was no way around it for us.
When we go back to the beginning of this year and the launch of Myriad, I feel I feel like, you know, we probably could have been a little bit more loud and communicating about what was about to happen because we spent a a year building a really robust product that was this
prediction market. And we wanted to create an environment where the rug radio holders and our
native community could start to play with and develop new patterns of behavior around prediction
markets. Because predictions, if you think about it, everyone is relatively familiar with sports
books and sports betting, right? What Predictions ends up doing is it ends up
looking a lot like sports betting, but with like an academic and a real world element to it. And
one of the key differentiations is really that we are an aggregation point for consumer sentiment
around global topics, whatever it is, right? Not just sports.
And so, you know, building these new patterns of behavior and getting people introduced to Myriad
in a way that they felt comfortable with and native with
was a beautiful opportunity for us on Abstract.
We had crypto native users.
We had degenerative users who like to try
and play with new things.
What we didn't have is we didn't have a way to meet one
of our first and true goals and like our targets, which was to meet users where they are. Part of
that when you're looking at being on the blockchain is being able to serve people omni-channel and in some ways omni-chain, right?
And so the goal behind Myriad was not ever to just create a single small destination,
but it was really to look at prediction contracts much in the way that ERC-20s exist.
And that is as a new class of DeFi products and bringing them to people globally,
wherever it is that you're operating, wherever it is that you have, you know, your, your capital on chain, we want to serve you with an opportunity to participate
in this new class of DeFi products. And so I'll let Alon get into the details of it. But that's
what this announcement was, was that we went from kind of the test environment that we were in,
to now being able to open up to a global global access global environment.
No, I love that.
And that's exactly what I'm sharing on screen, which is, you know, I'm supposed to, Eli,
maybe you want to like go a little more into the details of like, you know, what's going
on yesterday.
I know we announced the protocol that may have been confusing for some people regarding
like other chains that we're building on, et cetera, but also the whole egg and layer
part, which, you know, I love the, part, which I love the keywords, like trustless
revenue share, oracles, synthetic tokens, unified liquidity, but those are big words.
So maybe we can get into more the details of what that all means.
Yeah, absolutely.
So maybe first addressing the multi-chain part, we're not moving from abstract to linear.
We're staying on abstract.
Myriad.Market is an abstract product.
There's additional feature to it.
There's the quest thing.
There's going to be new features that are really exciting
that will be rolled out there.
And that's why we launched another brand,
which is the Myriad Protocol.
And Myriad Protocol is going to power Myriad Market on abstract,
but also on other chain.
Ultimately, we don't look at chain as just chains. We look at
them as ecosystems. So if we need to move to another chain to address another ecosystem,
another community, it makes sense to do it. And then we scale. So what we've been doing in the
background, I mean, that's why it was hard to communicate in the past few months is everything
is in the back end, but it's creating the system so that we could easily manage markets.
So it's just distributing contracts in the end, as Lutra was saying, on multiple chains,
and then manage that whole flow so that it's optimal for various places and focus on the
distribution here.
So we're not moving from abstract, we're just extending.
We're launching linear, we'll launch others in the next few months, and that's how we
also intend to grow in various ecosystems.
And then for the eigenlayer part, I mean, we can get into the detail of each.
But I think what's interesting here is that prediction market seems very simple from the outside because people are used to betting.
So it's just like you click and you bet on something.
But if you want the right infrastructure, there's a few pieces of the puzzle that are really important.
And we've identified a few
that we're working on and that we will
roll out the
rest of this year and beyond.
And those are mainly, one, the revenue
sharing. That's a short-term thing that we need
because we're scaling elsewhere and we need
to share the revenue with other partners.
But then also, obviously,
in Oracle, we can get into that.
There's a lot to unpack there.
And then restaking.
We believe that users, when they put some money in a prediction market, should also
get a return on that money.
So those are all the components we're working on with Eigenlayer.
And we will get better at communicating.
That's also something I'm saying here now.
We will publish more detailed articles, get on the show,
explain exactly what's going on.
That's something we'll improve in the coming weeks.
Now that there's like, now that there's more advanced feature sets that exist, it's easier
for us to talk about them and be able to show them as they unfold and as they debut to the
public.
When?
Soon.
Every day there's something being built, right?
It's just
a matter of taking
all these Legos, putting them together into a pretty little statue
and making sure that they work.
No, I think it's great. I mean, there's a question from the audience.
If anyone has questions, I know a lot of you
in this show, you guys are power users.
So I'll take a few questions.
You can just message them at
kick.com for a slash djens live uh we have a we have a that's where a video is so someone's asking straightforward i
don't know to what extent we can answer that but i think we can maybe try and dance around it
why linear over base optimism arbitrage or like any other evm chain yeah i think ultimately all
of the um all of the evM chains will receive service from Myriad
protocol at some point, right? You have to start somewhere. The reality for us is that the team at
Consensus, always shout out to Papa Joe Lubin and Mike Criac and Consensus Mesh and those guys,
they have always, we're very intertwined with uh with the consensus
team and they have given us um a lot of support and there's a lot of uh i think there's a lot of
growth coming up between our teams and their teams um if we're going to start anywhere it's
the same reason why we started with abstract right is because luca michael lee um you know
finn mason the entire team at abstract were they were, you know,
we were intertwined with them homies supporters.
They provided us with with support that we needed and we provided them with
support that they needed. It's the same story here.
I wish we could roll out a support for every chain on day one,
but you got to start somewhere.
And it makes sense to start with family,
especially when you're building towards bigger and bigger things together.
So that's why Linea.
Also, I don't know if you guys have seen the ETH charts.
And I'm not going to try to jinx and make that call.
But there's stuff happening on Ethereum, right?
Linea has the consensus held too.
I think that the Linea team is about to really push hard
in creating some more resources for Ethereum users
and make some noise.
And we want to be a part of that.
And one of the things that's great about Linea
is predictions now have a home on Linnea, right?
There wasn't a solution before.
And so we have ability to kind of just make a stake there and grab some real estate in the prediction space.
And it's a good start.
No, 100%.
I'll let you go, Ilan.
But just quickly, a lot of the questions are answered in the article that was posted on X on Ducre.
But here you can see it.
Lenny has the L2 that was developed by consensus.
And we talk about Sharpling Gaming every day on the show now,
especially with Tyler.
Now he's got bags.
He's got his DCA going on.
Well, you know, if you go two plus two,
you can probably read between the lines pretty easily here.
But I don't know, Elin, if you wanted to kind of like double down here.
Yeah, no, no. I mean mean I fully agree with what Log said and we just add that it will also become
clear once the Miraiad Protocol site is live. I think we created some confusion because of the
naming and there's only Miraiad.Markets now but next week we launch the protocol destination
and then you'll be also able to access markets on NINIA which will be aimed at being distributed
elsewhere.
So all that will go live next week and everyone can play with it,
but it won't be on Myriad.Markets.
That's the most important.
Yeah, exactly.
So Myriad.Markets will remain on an abstract.
You'll see more clarity.
I think the most important thing for us
is get the announcement out there
and the news because it's pretty big
and it was ready to go
and we have to align with multiple teams.
So you have the Linnea team on it
and you have the Myriad team and you have the Egan team. So everybody's got to work together and all the ready to go and we have to align with multiple teams so you have the linear team on it then you have the you have the myriad team then you have the egging team so everybody's
got to work kind of together and all the teams and read and proof and this and that so that went out
and now that that's out uh cats out of the bag you're going to be able to see next week uh the
launch of of the actual markets and uh you know there's gonna be a lot of fun stuff that we got
planned with them and then um hopefully with a bunch of uh other ecosystem fun stuff that we've got planned with them and then hopefully with a bunch of other ecosystem partners that we're going to also start unveiling as time goes. So growing as a protocol
is important for us. It's actually always been our vision. So if you've listened to me or Logs or
anything we've been writing for the last, I don't know, six months, eight months, nine months, I
forget. Time goes by so fast that we're trying to build Myriad markets.
Myriad, sorry, as a protocol,
which is a layer that's going to power prediction markets
across the internet. And that means
what? That means building across multiple chains.
That means building across multiple
websites, places, so it's
not just having the Myriad destination. Anyways,
on that note, you know,
maybe you guys want to chat a little bit about Vision.
I know we have a couple more minutes and we probably all respectively have to go to different calls,
and we have some money to give away on here.
But vision-wise, what's next?
It's always tough for us, and we do get criticized a bit on that
because it's hard to communicate what's next because you tend to break things that you don't have to talk about.
The biggest thing, and people wonder why you can't talk about it. The biggest thing, and people wonder like, Oh, why you can't talk about it?
The biggest thing is like a lot of our growth strategy,
and this has always been the case with decrypt rug radio.
And now with myriad is you're not going to grow with just like internal
initiatives. Right. So like anyone who's, you know, been a,
been an entrepreneur over time you know, there's this,
there's this colloquialism,
this phrase that first time founders focus on feature this phrase that first-time founders focus on feature
sets and second-time founders focus on distribution. For us, we're not going to grow by increasing
internal distribution magically, right? It's all about partnerships. And so what becomes
sensitive is if you look at our growth strategy and you look at the announcements, historically,
it's always been who are we partnering with next to increase distribution, but also to adopt their feature sets, right? This announcement was the same.
And you can't just go just, you know,
saying everything that you want to say
because there's a lot of sensitivities on all sides.
Aside from everything always being in flux
when negotiating with partners that aren't internal,
there's the reality that like legal teams
have to process and approve everything, even comms,
especially when you're dealing with large enterprise clients and people don't realize
like the bureaucracy. Half of the things that slow us down are not even internal. It's waiting
on other people. Right. And it's sad, but like, that's the reality. So the team's like cooking,
cooking, cooking, building an entire pipeline of product and, you know, and plans, organizing contracts.
And then it's, you know, it's hurry up and wait game.
There's a lot of there's a lot of things coming on the distribution side.
And again, this like goes back to the same mission.
How do we meet users where they are and how do we introduce globally infrastructure that changes the way that people
consume content and that people create and distribute content, right? You guys like Tyler
and Farouk and Mando and the crew, you guys are three creators amongst millions of content creators
globally. And you guys show up ultimately every single day doing the same thing, but only able
to introduce new tools
to help you with monetization of your content, to help you with increased distribution, you know,
kind of changing the way that people engage with you, you can only do so much and introduce so
much as it becomes available to you. And so, you know, you have content creators around the world
that are waiting for new innovative ways to engage people. I love this idea of tokenizing things, right? But it just doesn't make sense for Oak to come on a
show, talk about a topic and then coin it, you know, and tokenize it and then be stuck to that
forever asset. But when we can create topically relevant subjects and you guys can say, hey,
we want to sponsor markets. We want to be part of the team
that says we see this happening in the world. And there's a way for people to make a stake
and tokenize what they believe is going to happen. And we know there's an expiration date. We know
that there's a resolution. It gives people the ability to own their opinions on chain without
a creator being stuck to it for life. that's a big piece of where we're going
and what's coming next.
Oh, yeah.
I think the eigen part really unblocks a lot of things
that most people don't realize we could do.
Even me, I'm still not there,
but I think we'll get there to the point
where the whole restaking part,
the whole being able to trade futures contracts
across the internet, across any techs.
Whatever you thought about Myriad,
you got to think 10x bigger at this stage.
And I think the term protocol,
it comes in handy here
because people change their view on something.
You're not talking anymore about some website
where you place predictions or bet,
whatever you want to call it.
You don't want a protocol in a layer.
So we're Myriad looking good here.
You are still early.
If you're listening to this,
make sure you go to myriad.markets and participate and pay attention,
pay attention.
There's a lot of stuff, uh,
coming and a lot of stuff going on that end.
But anyways,
I think that's good.
I don't know if you have anything last to say,
and you guys should,
you guys should stay there.
We're about to give some money.
I don't think you guys have ever done this with us.
so anyways,
that's that paid engine to us.
All right, let's go.
Let's give some, Tyler, we definitely moved the market, by the way,
because that fucking pump market is now 83%.
You know, so I mean, I'm always giving you guys a service.
Make sure you say thank you once you win.
83, 817 now and 67, 33.
Anyways, Sims, let's give away some money, baby.
Let's make someone rich today
Alright, here we go. Here we go
Here we go
Admiral DMT
Admiral DMT. Okay. Okay. Okay
Admiral DMT congratulations
I think I know that.
Here he is. Oh, he's here?
He's in the chat.
Oh, he's in the chat, baby. Let's go.
All right.
All right. It is Far Coin Friday,
but what are we playing today?
He's in the chat, too.
The Coin Race.
The Coin Race?
All right, fuck it.
It's Ripper Coin Race right now.
You got $250 on Fart and $250 on Bitcoin.
Perfect.
Or you can choose.
Or you can choose.
My old DMT.
He has to have Fartcoin.
You have to put $250 on Fartcoin.
What's the other coin you want to put your money on?
It's Bitcoin, ETH, Solana, and Doge,
prospectively, in terms of risk.
What do you want to put your money on?
Pick before the next raise, baby.
What do you pick?
All right, cool choice.
Ethereum.
I like that.
I like that.
All right.
Don't tell me.
Okay.
Oh, and Ethereum just won, too like that. All right Don't come down. Okay. I'm the theorem just one two
Damn, all right, let's put some fucking it all read it already. All right
All right, well first and foremost at my old DMT congratulations
You've already made $500 listening to this show today. Look at that. We give you the best calls and we give you some money
Let's go 50x
50x I'm fucking 250 little 12k way today
Those is out those is out those is out
come on come on yeah this is oh oh he's oh your corner oh okay no no no yo boom he won
let's fucking go let's fucking go 786 look at that congratulations whatever that 786 plus 500
dollars is uh there you go 1300 united states dollars Yeah, Elon basically you pick five coins whichever you want and then these just race
That's it
Be careful it's dangerous but congratulations that my old DMT you just made $1,300
We can't wait like six grand this week. I love that anyways
loves Elon I'll see you in the meeting in three minutes.
I'll see you in the
other room. There you go.
Tyler, this weekend,
Monday, higher or lower?
Higher. Higher.
Loxyland, what do you think? Higher or lower on Monday?
Let's go.
I'll pull knee. You'll love to see that with that.
We'll see you on Monday morning,
10 a.m. Eastern Standard Time for the episode of FOMO Hour on Rug Radio.
Let's go. Thank you. Boom.
Perfect.
