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FOMO HOUR: Wizards & Penguins with Udi and Luca!
Recorded: March 21, 2025 Duration: 1:08:09Space Recording
Short Summary
Canary Labs has filed for a groundbreaking Pudgy Penguin ETF, integrating NFTs into traditional finance and marking a significant trend in the crypto space. This partnership is set to enhance liquidity and attract institutional investors, showcasing the growing acceptance of digital assets in mainstream finance.
Full Transcription
Yn ystod y cyfle, mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle. Mae'r cyfle wedi'i ddod yn ystod y cyfle. Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle. Mae'r cyfle wedi'i ddod yn ystod y cyfle, mae'r cyfle yn ystod y cyfle. Mae'r cyfle yn ystod y cyfle.
Mae'r cyfle yn ystod y cyfle.
Mae'r cyfle yn ystod y cyfle.
Mae'r cyfle yn ystod y cyfle.
Mae'r cyfle yn ystod y cyfle.
Mae'r cyfle yn ystod y cyfle.
Mae'r cyfle yn ystod y cyfle. Mae'r cyfle yn ystod y cyfle. All right, all right, big show.
Oh, sorry.
Sorry, sorry guys.
That's on me, that's on me, that's on me, that's on me, that's on me.
Okay, okay, fixed.
Okay, we should be fine now.
Tyler, I see you.
It's so funny these...
Anyways, you don't see anything who's on stage sometimes.
What up, Ugell?
What up, Opportunity?
What up, Having Fun? What up, Goku? What up, Predeep? What up, Sensei? Big one, big one, big one, big one.
We got, we got um Uri coming up. I might tell him to come here even five minutes earlier.
You can even come five minutes earlier if you want. Um, I mean, this show's gonna go over for sure.
I got time. I don't buy you time, but I got time. We got Udi coming up we got we got Luca
coming up today I want to see more wizards I want to see more penguins tell your discourse tell
everybody Udi is going to be here in 20-ish minutes Luca's going to be there in about
40 minutes so we're going to talk about a lot of their stuff today all right Sims kick it baby! I'm Yo yo yo yo yo yo what up? Good morning, good morning GMG,
ah, Friday, oh baby. Friday, Friday, Friday, March 21st, 2025, look at that.
Another beautiful day to have a beautiful day.
I got my co-hosts in the house.
Oh, he's got the shirt on.
Tyler Mando, good morning, good morning, good morning. Oh, he's got the shirt on. Tyler, Mando, good morning. Good morning.
Good morning. Oh, Mando, I'm jealous. Oh, fucker. I swear to God, man. This guy's hosting
outside in the sunshine. I can already tell. Tyler, Mando, good morning. How are you guys
doing today?
I'm doing fantastic. Yeah, I'm back in Portugal. I love that.
I just want this.
I'm so tired of not having any sunshine in the morning.
I woke up this morning, the first thing I told Vanessa, I was like, babe, I can't wait to just wake up to the sun, smashing my face.
I think, Tyler, you'll relate, it was spring here yesterday.
It was actually summer.
It was t-shirt weather, degrees celsius like 70s and tomorrow's tonight's gonna be negative 10
Or it's like negative seven right now
So it's like the market, you know what I mean?
Like bitcoin was 87k and I was like 82k again or some shit same things going on in montreal
I'm getting i'm getting rugged and you know, and and every every everywhere I go tyler
Tyler tyler did it good morning
hey doing today you're doing great can't wait for the show we've got two mega
guests coming on two big ones yeah man yeah man today's gonna be a today's
gonna be a fun show so let's get right into that today on the show today today
I already see a bunch of pudgy penguins and a bunch of taproot wizards in the audience.
Love to see that.
Where my penguins at?
Come on, come on.
We're going to do market report.
Then we're going to go quickly over Tyler's topics.
I'm assuming we're not going to have too much time
to go too deep, but we'll see what the top headlines
are for the day.
Then we'll do taproot wizards, a wizard,
I say wizard, so.
Uri, Wizardheimer, is going to be joining us on the show.
We'll talk, we'll talk all things Taproot Wizard, but also I've got, we've got Tyler and I've got some questions for him.
Okay. We want to know about our roots and our, and our, and our, and our puppets.
Amanda, I see you're rolling your eyes. We're, we're going to talk about this. Okay.
I want to talk with Udi. Yeah, he's-
How dare you.
How dare you, right? Only one man can save ordinals and he's coming on the show today.
So I can't wait. Ruins? There's no saving. But we'll talk about that with Udi and then
followed by Luca again. He was hoping the news would drop yesterday so he could talk
to about it on the show. Yesterday, it didn't happen. The news dropped after the show, so we invited him again. So we'll come in about 35-ish minutes, 40 minutes to talk about it on the show yesterday. It didn't happen. The news dropped after the show, so we invited him again.
So we'll come in about 35-ish minutes, 40 minutes,
to talk about the Pengu and Pudgy Penguin ETF
that Canary Labs, you know, childmando, you know,
put forward.
So I think people are gonna end up
like really believing that one.
I love that.
I love that lore.
So anyways, that's the show scheduled today.
Again, we're going to do a little bit of loot box spins.
For those who are not familiar,
every Tuesday, Wednesday, Thursday, Friday,
we give away literally either Red Guy or CryptoPunk.
We've had three CryptoPunk hits,
one of them as early as two weeks ago.
And today you're going to have over 15% chance
of winning Pudgy Penguin.
So there's a big chance someone's going to win a penguin.
So we're going to give you guys a code a little later.
And last but not least, this show,
this show is powered by Galaxys.
Galaxys is a web 3 platform empowering creators
and brands to build unstoppable communities
with full ownership and independence,
trusted by icons like Donald Trump,
Steve Aoki, Mike Tyson, and the NBA.
Shaping together the future of engagement,
but also Wallet Connect.
Wallet Connect is the connectivity network shaping the future of on chain UX.
If you've connected to a web through app, you, uh, you've seen while I connect that
blue logo, it's everywhere.
An icon of trust in crypto as recognizable as visa as checkout one dollar more.
Follow wallet connect on X and telegram to stay ahead of what's next.
Mando, you tell me what's next.
Who is the man that grew daddy in the land?
Can you dig it?
GM everyone.
We're back.
We are back.
Are we? We're definitely just where we were, which is, I know, which
I've been kind of saying for a little bit now, just don't, just play the long-term game.
Feels as though we could be here for a little bit of time, I think, before Macro
sorts itself out and then people work out if they're ready to buy altcoins again and
all the degen stuff.
Definitely it's zoom out sort of market.
And don't buy into FOMO.
Don't get too bearish, I would say as well.
At least at this level, everything's down so much.
I think it's difficult to paint
like an extremely bearish picture for anything.
And I think Bitcoin still looks like the one
that's gonna hold up the best, if I'm honest.
Bitcoin hasn't really moved, right?
It is.
It's at 83.5.
Yeah, it's barely, you know, it's just been kind of raging here.
Yeah, which is kind of where it's been for a while now.
Very low volatility, in my opinion.
So I think we could be here for the weekend.
It feels like maybe as a little retest to see if that 78k was really the bottom.
You had Arthur Hayes saying yesterday he's flip bullish, thinks that 78k, 77k level was the bottom. You had Arthur Hayes saying yesterday, he's flip bullish, thinks
that 70, 80, 70, 70K level was the bottom. But I would be unsurprised if we go like,
right, was that really the bottom when we test it, and we probably test it in a bunch
of alts too, and then you have a much stronger test of whether that really was the bottom. So Bitcoin dominance has gone slightly higher again,
it's back up to like 62k again today. Interestingly, like BNB has probably been the strongest
and there continues to be a lot of degen activity going on there. Like whenever I do to many minutes, it's always BNB coins at the moment.
Yeah.
At the top.
And I would say that 99% of them have the same narrative.
CZ or someone related to Binance has in some way promoted or done a or bought one of them
or like there's a wallet.
They literally are just the same pitch for every point cz bot is
that that is that what's going on there i'm not following there's one today which is you know cz's
wife um she was related to a coin i think it was called bob oh i see it's a 40 million um oh man
but there's a lot of like we're gonna run it run it. This is like Bob, they've pitched just like the fog of BNB and somehow like someone related
to Binance has bought them, which is important because Binance has been listing some of these
coins.
So there is like, there's not, there's not just like a reason why that happens.
Like they do this whole Binance alpha thing.
They've really switched towards being BNB coins recently.
So they listed Mubarak, which is like that even Mubarak meme.
And they've listed Tess.
They list tons of just BNB memes.
It feels as though low-key, I don't want to say crime season, but there's definitely
an insider season going on on BNB at the moment.
BNB Meme gets BNB Alpha, gets listed, pumps, and then we do the same next week.
That's kind of what's happening.
But BNB is doing well.
Dex volumes are high.
If you look at BNB, and interestingly Tron as well, these are the two coins which are
– I mean, Tron is basically where it was in December.
It's just gone sideways in a very narrow channel and BNB is similarly kind of where it was last
March. So it's just going sideways. So in a market where a lot of our L1s are going down,
those two are holding up quite well.
So if you're going to DJ, it feels as though Tron and BNBR
where that's happening.
Yesterday, there was some integration
that Tron is obviously going to be involved with.
Pumpfun helping them launch their native deck.
So we're going see I'm from basically
migrate to Tron I think and
But the rest of the market here just feels a little bit sluggish. I would say today
Solana
All the other canal ones are a little bit a little bit heavy
Yeah, it's uh
It's just again. We're back in another episode of The Chop.
Yeah.
And I think there was, again, there was rumors yesterday of this
capital gains thing from Trump.
I think this is going to be the rumor for the next two years.
It's going to continue to be with us.
I would say there's a very low chance of this going through.
Very low.
Um, I don't know if there's a polymarket for it or, I know there's not a distan for it or a myriad, sorry, but um.
We should open one.
But the thing is it's such a hard thing to resolve.
Yeah.
And it could resolve for ages.
It could resolve for ages, then it's got to go to Congress.
It's like, um like the whole resolution.
And the Senate, right?
And they've only got very narrow majorities in both of those.
And I would say that in a time where they are pointing to austerity, the concept that
crypto bros are going to get a tax break, it's not a populist move.
It's not even populist move. Like,
it's not even much volume. That's very good.
That's, this is kind of what I think you should be thinking about here.
It's a low probability.
So when you see headlines about this, be very wary that Trump can't just do this.
It's, it's, it's got to go to Congress and Senate.
And I think some of this is, just would not have the votes to pass
in my opinion. It would take forever. It can't just happen right? But yeah yesterday was just
an intel page right like during the show just Kim comes down and goes intel breaking news we're
gonna bug in and now zero percent tax and we all scrambled to even find where Trump spoke.
You know even like even Tyler now we're looking everywhere man though at the end of the show like
yo where is this thing? It ended up being like a pre
recorded.
Oh, the mountains two minutes, 46, um, two hour and, uh, 46 minute video.
So I thought that was, uh, that was a whole other conversation though.
I think a lot of people reacted to that one, but anyways, all right, man,
though, look, looks like, looks like the market is pretty straightforward.
You said it was a big macro week.
We got through FRMC.
Was there any other things to pay attention to for the rest of the month or are we kind
of close to like what is there to pay attention to?
I mean, this week we had quite a lot.
So we had the Bank of Japan and we had the Bank of England, both held rates exactly the
same and then you had the Fed.
Next week I'd need to check. I actually don't think the last week of the year, I think we'll get
PC inflation, I think normally in the last week of the month.
I can bring it up, but yeah, it probably will be quieter I reckon next week.
But you know Let me bring it up. But yeah, it probably will be quieter, I reckon, next week. But maybe there's something that like derails us.
It seems like a strange one.
So next week we have PC inflation on Friday, and we have GDP growth on Thursday.
So a Friday one will be probably quite big, but I don't think there's anything really
there that's absolutely crazy for sure.
Something that's up for an interesting period here is there's no April FOMC.
So it's early May, May 6th, May 7th, I believe.
So somewhat smooth sailing, but I guess we've got the tariffs on April 2nd.
That's probably the next major event.
We'll see like how's that?
Is it actually going to go through?
Is it going to be fully retaliatory?
Yeah.
So I think that's probably the next big item on the...
Yeah, I agree.
...with this administration.
Yeah.
All right.
Well, we'll see when the next surprise is, you know, but please no more breaking news for the sake of this industry and our mental health.
Not that we believe them all.
Even though I remember Tyler yesterday, I was like, I'm not going to retweet that.
I don't think it's too legit, but please.
I think my tweet did numbers yesterday, but it's just a little bit like, angry.
And then I ended up asking Sandro, and he was like, you know this reel, you'll want
to see like, I don't.
He was like, it's, it's, it's actually wild because people are reporting on
news that even the white houses know about, you know what I mean?
So it's, I think everybody needs to take a step back and stop
making everything about headlines.
I think bats had a good comment back to what I was talking about.
It was like, you know, it's kind of become annoying that we're only
reacting to like what Trump is going to say or will say or will do.
Like since when is the entire market
of crypto dependent on this?
It shouldn't, like we've kind of won that battle already.
Like that's what we were talking about
with the Solana ad earlier this week, right guys?
Like we've only won the battle
that we made inside the White House.
Like, you know, you have bullhines of everything.
You have David Sacks, Trump is talking about Bitcoin
every single chance he has a chance.
Did you guys see like Eric Trump
is now the advisor of meta planet
Yeah, like everywhere like you know, we don't need to keep pushing that
I think it points to the idea that that people are looking for the catalyst though
Yeah, and what you realize in this period you have to accept the next major catalyst is gonna be stable coin regulation
Trump has gone on record and said he wants that by August.
August. It's true. It's true. He did say that. And after that, we would look to get RWA regulation.
broader crypto reserve. Interestingly, yesterday they said that mining, Bitcoin mining is not
Maybe we'll see some more details about different, not the Bitcoin reserve, but maybe broader crypto reserve. Interestingly, yesterday they said that mining, Bitcoin mining,
subject to the SEC. Huge. So maybe they'll get involved in that as I continue to think.
I think you're right. I think that's the best call you've made here. Like that the government
was probably going to start mining Bitcoin. I totally see that.
Yeah. And then you're really kind of just waiting on... So then your catalyst from Washington,
I think... I don't know if stablecoin regulation really takes it that much higher. Yeah, you
probably have banks who could hold it a little bit more and do different things, but I don't know if
it's absolutely massive. I think the RWA regulation is much bigger. So I think if I were to think
about, let's say,
the top five catalysts that could happen, right, realistic ones. I would say it's a, it's obviously
now you get far, you can get, it's much easier for corporates, particularly in the US to own
crypto. I would say ideally some headline about one of maybe the top 20 corporations in the
S&P or in the NASDAQ, aside from Tesla, buying crypto for their treasury.
That would be very, very bullish because then you have a state where most of the people
buying crypto at the moment are people raising money like Sailor is.
But if you had one of these
big tech companies or a company with a lot of cash decide, hey, we want to buy some Bitcoin,
you can potentially buy billions of Bitcoin quite quickly. So I think it's that.
I would guess it would be more headlines around sovereign wealth funds. The US one, I actually think is a bit of a red herring.
I still don't know how that thing's gonna be financed.
But I think if you heard like Abu Dhabi or Saudi Arabia
or maybe the broader UAE or Qatar,
you know, there was a lot of talk about Qatar in the past, has come in and bought
a few billion, few hundred million, that would be a bullish thing.
As would, and then, then it's stuff around China really.
So like, does China decide to embrace crypto a little bit more?
Maybe that's more like soft, like you see a softening of their policies on mainland
China rather than just Hong Kong.
Maybe that's a bit much, but maybe they do something like that.
There's some talk about that South Korea might now allow Bitcoin ETFs.
Obviously, South Korea is huge probably in the top three for crypto. That
would be a big headline if they allowed crypto ETFs, which is likely, I think at this stage.
Yeah, you're right.
I don't know. I don't know.
That is a big catalyst, right? Like when you think about it, if you told me this a few
years ago or anybody in this industry, but holy shit, what? And it's funny, Tyler, that
you sent us this DeFi llama tweet about stablecoins. And then you have Matt Hogan. I was
just like searching stable coins on the accident. It's the first way it comes out half an hour
ago. I can't stop thinking about this quote from US secretary of treasury, Scott Besson.
We are going to keep the US the dominant reserve currency in the world and we will use stable
coins for that. It was however big you think stable coin AUM will get. You're probably
thinking too small. So the question becomes, what does the rest of the crypto
market look like if stablecoin AUM is multiple trillions? And we've seen that before. That
global liquidity M2, I think 1% of stablecoins and 1% is very small. Remember that Chris
Bernski tweet like 99% to go. Obviously it's probably not going to go there, but like 10%
doesn't seem crazy, right? So you could argue that that supply is going to 10x and what happens to the rest of crypto.
Tyler, it looks like you have some thoughts on this and then we'll get to the topics.
Well, no, I'm still trying to wrap my head around the impact of the stable coin growth.
I think it's clearly going up and to the right. I want to say, I think it has to be net positive for the top crypto majors, but at the same
time, that's like a gradual thing.
I don't think any of these are like the catalyst that's going to make Bitcoin back to 100K.
So like this week, stablecoins are up 2.3 billion, they're up 5 billion on the month.
And we're just chopping, right?
So I don't have my finger on the pulse of exactly what's happening, what's driving all
that, where it's all coming from.
But it is one of the more intriguing storylines to watch, and I totally agree.
It's happening and we're going to see huge orders of magnitude increases over the next
few years. But if the LGBT search search chart is insane that is so crazy
Insane with this thing one 70% or something guys like
It is just non-stop is even remember this dip here people are calling for like BTC dumb top here
And Thorin is just like just skyrocketed again
There is no top.
I love you.
Oh, Mando, you're muted.
I think you're trying to say something, right?
Yeah.
It's interesting that if I know we feel like we've been in a, um,
been having a bad time and it's, it isn't really a conversation for old coins,
but for Bitcoin, Bitcoin is still the best performing asset since Trump was
elected, the best performing major asset since Trump was elected. The best performing major asset since
Trump was elected. It's beating US stocks, bonds. I don't know about China stocks now because I know
they're up like 40 or 50 percent this year, but it's them and China, which is still up the most since Trump was elected.
This whole Trump trade where you bought like Tesla, Trump media, all of that sort of stuff,
maybe like the energy firms, that has really reversed.
Oh my God.
Yeah, it did.
Like the basket of Trump trades, there's been a lot of analysis on it and it's like, it's got decimated since the election.
Yeah.
Right.
Look at that.
That's Tesla.
Yeah, it looks like Ethereum.
Yeah.
But there's a number of firms like that.
So people in TradFi think that Bitcoin is outperforming just to let everyone know.
The conversation in TradFi is Bitcoin is doing better than the rest of the market, that it's
more of a safe haven asset.
They're not saying, oh my god, it's been so perfect.
Because they're not paying attention to old coins.
So just keep that in mind that there's been a lot of pain, a lot of different things.
And yeah, people think Bitcoin is doing well.
Yeah, that's wild.
Well, love to see that.
That's a nice narrative shift.
Tyler, let's run through the topics quickly.
But I see Udi speaking of Bitcoin.
You say Bitcoin, you whisper Bitcoin and then he shows up.
The wizard shows up.
I see him in this too.
So Tyler, let's just run down the topics quickly and then we'll go straight to our interview with Udi
Yeah folks crypto majors a bit red here on the day after a bit of a letdown from Trump's
appearance at DAS yesterday.
That appearance was just a pre-recorded message, reaffirming previous talking points and saying
he wants America to become an undisputed Bitcoin superpower.
So good message, but we'd heard before markets were overhyped as we tend to do in other headlines. Canary Labs filed for a Pingu ETF, including the Pingu meme coin and Pudgy.
I was so excited to say it.
I bought it.
But this is a big one.
We're going to be talking to Luca about it in a few minutes here.
The SEC, as Mando alluded to, they shared that crypto mining, specifically
proof of work does not violate securities laws.
Big win for Bitcoin, Doge, and other blockchains.
We saw biotech firm, Atai,
they're the latest public company
to announce Bitcoin treasury,
$5 million in Bitcoin they picked up.
The Ton Foundation said that a group of VCs,
including Sequoia and a few others
have now invested over $400 million in the Toncoin.
So the money pouring into Ton.
We mentioned stablecoins are up quite a bit
The orca token was a surprise winner jumped 140% after being listed on up
So that was a huge one. We saw uranium digital folks
They raised six point one million dollars to bring uranium futures and spot trading on chain
Nice a lot. So you're gonna be able to trade uranium 24 7 here soon. My people are happy a
trading uranium 24 7 here soon my people are happy a couple pieces of breaking news or not breaking
but med plan hired eric trump as an advisor that came out last night interesting headline there and
then this morning right before the show sailor has reportedly upped his strife sale from 500
million dollars to 720 so even more capital coming into his Bitcoin pouches here.
In token airdrop and protocol news,
Pump Fun, one of the biggest stories of the day,
they introduced pump swap to native decks,
sharing that immediately all pump coins that migrate
will go directly to pump swap with instant migration,
zero fees, more liquidity,
and potentially creator rev sharing.
So huge news there.
MoonPay landed a new $200 million revolving credit line
from Galaxy, shout out to them
Wayfinder the Kaido effect folks. They've seen a hundred thousand new wallets activated Wow
I know activation that that kind of activation was Monday hundred hundred thousand new wallets in a week. That's that's pretty big success
And then walrus big news over on suey three major announcements their main net launches March 27th. They introduced their wall
Three major announcements. Their main net launch is March 27th. They introduced their wall tokenomics
And they also shared they raised 140 million dollars to scale programmable storage on swi
led by standard crypto and
a 16z
So some some big vcs in there rounding this out an ai crypto news virtual's unveil their new virtual partners network
It's a council to help new founders through their launch journey.
Mentify announced an AI powered AI powered trading within their marketplace. And, uh, yeah, that's pretty much the headlines from today.
Oh, now it's after folks. You gotta get your Bitcoin in those wallets by
Monday. If you want to be eligible to go ahead and mint on Tuesday,
I'm sure we'll hear more from Udi on that here in a few minutes.
Start entangling. You know, the last time I heard the term entanglement was during the whole Jada
Pinkett Smith, Will Smith thing when she said she was having an entanglement with her son's
friend or some shit. Right? Isn't that where the term comes from? I mean, let's bring him up on here.
Udi! Bokeh Tov, how you doing? Bokertov. You guys have like the best GM, you know,
the Israelis, like Bokertov, like it sounds so good, you know. We say Jimyow. Jimyow, yeah,
Jimyow, yeah, yeah, yeah, yeah. I leave that for the fairies of Twitter. That's a little bit,
you know, I like that. Yo, Uri, let me ask you something. What was the... The entanglement stuff, you know, it's...
Look, some people are kind of more in the LA vibes and they're into Jada Smith, I guess.
It's also a term in quantum mechanics though.
Oh, right.
That too.
Sorry, media brain here.
You know, so I'm assuming, you know, half of CT went towards that, where I went and
the other half went towards a quantum computing.
Probably like 70% went to where you went.
Yeah, probably.
Tyler, I love those topics though, but we'll have to go back on Monday on the pump fun
and radium thing, because there's some beef on the timeline.
I saw some of the radium collaborators.
That's rare.
That's right.
They were not, yeah, that's right.
Yeah, right.
Exactly. They were not too happy, that's right. Exactly.
They were not too happy about those announcements back to back, but there's definitely a lot
of movement on that front.
Quickly, the code today.
So the chance.
You know, Uri, I wish, you know, a little bit loot boxes took Bitcoin or Ordinals, but
for now it's only Ethereum NFT is your favorite.
But the code today is wizard though.
So we gave you guys the code.
We named it after you.
Wizard.
So if you go to rafflebot.xyz, rafflebot.xyz,
every Tuesday, Wednesday, Thursday, Friday,
we pick someone from the audience live
and we roll and you can win.
Today you have 15% chances or 13,
13% chances of winning Pudgy Penguin.
So that's not, yeah, it's not bad.
It's a quick little, you know, 10, 10, 15 grand, right?
So you absolutely love to see that one's actually worth,
nevermind, $25,000. So it says pretty good. Anyways, Udi, man, so excited to have you back It's a quick little you know 10 10 15 grand right so you absolutely love to see that was actually worth never mind
$25,000 so it says pretty good anyways Udi man so excited to have you back on the show
I feel like every time there's something big going on always text you I'm like you gotta get you on the show to talk all things top with resorts
My first question to you Udi is what the hell is happening with my pups?
Udi is what the hell is happening with my pups?
What the puppets orinals?
No, the runes. What's happening with our runes Udi? We got scammed.
I told you not to buy runes man. I'm not. I can't help you. I told you not to buy runes.
You wanted to buy the runes. I cannot help there. I'm sorry.
Yeah, it wasn't the name, right? Like we're literally in runes now.
Yeah. No, wasn't the name, right? Like we're literally in runes now. Yeah.
No, it was the name.
Runes were, uh, you know, we tried.
Well, you guys are, you've received it.
So you're investing in Odin fun.
Tell us about Odin fun.
Um, if you want to try rooms, then yeah, the place to do that is an Odin fun.
Because what they did is they basically took all the
bad things about Rooms and threw them away.
They ended up with a platform that's really cool.
It's fast, it's easy to use, and you can use Bitcoin.
You don't have to trade against Sol and watch your overall Sol balance go down.
You can trade it with Bitcoin.
Personally, I love that part.
So yeah, it's pretty, it's pretty cool platform for trading.
And they're all new, like it's a launch pad, so they're all new runes.
You don't have to carry your baggage of, of old bad rune investments in there.
So yeah, I wouldn't find it's pretty cool.
Oh, wow. So we're definitely never seeing our pups listed on there, there. So yeah, I wouldn't find it's pretty cool. Oh wow.
So we're definitely never seeing our pups listed on there,
Tyler.
So there goes that question.
You know, he's never get your name.
I mean, maybe, I don't know.
It's a basket of old runes.
God damn it.
All right, well Udi, listen,
we're not here to talk runes and stuff though.
We did have a few questions on the ecosystem as a whole.
I know Tyler's got some questions for you,
but quickly, like, you know, I think,
I don't think you need any introductions.
You know, Udi, co-founder of Taproot Wizards, we love the Wizards.
Honestly, I think you guys are one of the projects
that are really doing some great stuff
and you're literally trying to change Bitcoin.
So, kind of want to ask you first,
what's the latest here?
Tyler quickly mentioned your mint
or the entanglement happening at the moment to get a Wizard.
So why don't you take us to the latest news
and then maybe we can ask you some more questions
about all that.
Yeah, so after two years of sitting on those
Tappert wizards and people begging us to,
well, I mean, we always joke that nobody wants
a Tappert wizard, but the truth is people have been
asking us for two years to let go of them already.
So we're finally doing that.
And there's been, you know,
there's the thing about this collection,
unlike most kind of popular and TFB collections,
this one is only 2000 pieces as opposed to 10,000.
They're really not that many of them.
So we just can't, we can't fit everyone in. So we had a couple of ways to get into the
whitelist. One way was the so-called cat entanglement. That is actually closed now. So you cannot
do that. If you didn't do it yet, you can't do that anymore. It meant if you hold two
cats, two quantum cats, you could use them
in order to get a spot with a discount into a Top of Wizards. Then on, I believe it was
on Monday, no, on Wednesday, two days ago, we announced the sort of Wizards Cool whitelist,
which is all the awesome guys that have been taking showers over the years, you've seen them on
a timeline.
They've had a bunch of awesome videos last week about how they're going to earn 0.2 bits
going to pay for them in price.
There are literally thousands of those too.
So we picked the best of the best and put them on the whitelist as well.
So at this stage, the whitelist is closed.
People who are on the whitelist,
Tyler mentioned that before, they absolutely have to go and fund their wallets
and connect them to the website by Monday, noon Eastern.
Because if they don't, we have this long waiting list
of other people that want in.
If they don't do that by then,
we're gonna have to remove them from the whitelist and then other people in. So you absolutely have to load your
wallet by Monday. After that's all said and done, the mint for the whitelist is on Tuesday. And
after that's all said and done, we're also going to have a small public portion that will go to a
Dutch auction. That one I'm really excited about because it's the first time in Ornol
that we're doing something really cool.
You, anyone can connect to the Mint website for the auction public part,
can connect to the Mint website with Phantom wallet.
So you don't need to have an Ornol's wallet.
Ornoles wallet. You can connect with Phantom wallet. You can bid with Sol. And if you win,
Wow.
You can connect with Phantom wallet.
You can bid with Stole.
you'll get the wizard straight to your Phantom wallet on Bitcoin, on Ornoles. It's not Bridge,
just not anything like that. Phantom has Ornoles support for this. So you can pay with Sol that
you already have with the Phantom wallet you already have and you get the wizard straight
to your wallet. So I'm really happy about that. That's the first time anyone's done it.
Wow. Wait, that's actually really cool.
Yep.
Cause the main hurdle has always been, I mean, I love XFIRST by the way, there's some great
wallets on there. I never really had issues, but I'm just saying like you just make it
a little bit simpler.
Yeah. So, you know, like our core community, the reason we did it like this is our core
community, the ones who've been entangling cats and the ones who've been like doing the
white lists and the quests and the showers and all this stuff, they have,
have X-verse they they're good to go.
But for everyone else who has not been part of the Ornels ecosystem and wants to
kind of get a taste, that's like the perfect way to onboard for the first time.
I think there's a lot of people who are kind of like, yeah,
I really want to type a wizard, but how do I, like, what do I do?
So that's a really easy way to get in for people who want it.
Well, that's, that's huge news.
I actually didn't realize that.
So that's, that's big.
I think you're unlocking a bigger audience for sure.
I guess maybe stepping back for a minute,
tempered wizards have been in the works for quite some time.
Right?
So like maybe tell us a little bit about that.
Like why was the journey so long?
Did you choose it?
Like did it actually just take this long to develop everything and get it in the readiness that you wanted?
Tell us a little bit about the journey.
Yeah. So it's actually been longer than most people are even going to think.
Wait bro, we're in the bear market.
It's like the last bear market. It's so funny to me when Beth Point is Wait, bro, we're in the bear market. It's like the last bear market.
It's so funny to me when Bitcoin is like 80k and people call it a bear market.
But like, yeah, sure, I'll take it.
It just means that people don't hold Bitcoin, you know.
Yeah, nobody owns Bitcoin.
So, we inscribed the collection.
So, put the JPEGs on chain forever on Bitcoin in February 2023,
so just over two years ago.
But we started working on this project even earlier than that.
We started working on this around summer 2022, maybe even a little before that.
Before Orninalz existed, or at least before we knew that Ornans are in development.
And the reason for that was if you think back to the previous bull cycle,
you might remember that like Bitcoin did not have the same kind of brand identity that it has today.
We joke now that a lot of people just don't in crypto don't have Bitcoin in their portfolio, of the same kind of brand identity that it has today.
We joke now that a lot of people just don't encrypt, don't have Bitcoin in their portfolio.
But back then it really was, it was like people would have been ashamed in CT to say that
they own Bitcoin.
It was considered like a pit brock, doesn't do anything, never goes up.
And you cannot do anything with it.
And it's only for boomers and maxis and whatever.
It had like a real branding problem at the time.
And we wanted to start the Type of Wizards collection at the time in order to kind of improve that a little bit
and create a community for people who maybe are some of them Bitcoin OGs
and maybe some of them are people who have been in Bitcoin for a while or maybe newer to it. But what they see on Twitter is just those laser IMAXs and they can't be part of that because it's
terrible. So we wanted to give another way for people to identify with Bitcoin.
That was kind of the point of Tapu Wizards early on. We thought it might be like a collection for Bitcoiners on Ethereum, because there
was no good way to do it on Bitcoin. But that never fully clicked for us. So we had the
artwork ready, we had a lot of the story ready. And then when Arnold sold out, we were like,
okay, this is actually the perfect platform for this. And that's why we kicked this. We got this going like very, very quickly.
I think by inscription 600,
like the 600 image on chain is a tougher wizard already.
So, yeah, it was pretty quick.
And then, you know, the entire collection was already ready
by the end of that month and was already on chain.
But we always hope people have been asking us to finally distribute and mint those.
But we kept telling people that this is going to be something that takes a while.
And one of the reasons for it was I see this as something that has a chance to become a really kind of long term, um, staple of
Bitcoin culture.
And for that, you want to get the right people in the right people are the ones who will
stick with you for a long time and not necessarily the ones who will mint at the peak of the
hype or whatever it is.
So even though, you know, we could have sold them for like, I don't know, fucking one, two VTC at the peak of the one-nose hype and make a bag and fuck off. But I think
that would have been bad for the collection. So waiting has been like something we always knew
and always said we're going to do for a long time. We have this community. I mean, it's obviously
never happened before that someone launched an NFT collection and did not distribute it for two years. That never happened. So I'm really excited to see how
that plays out. I knew a few people that took money and never launched as a whole, but they
didn't try to, but let me ask you something. Why are people, so Bongo here, why is this MF for
all my timeline getting just punched for wearing a wizard?
Like what was the latest round?
Ooh, ah!
That had to hurt.
That Bongo, that had to...
God damn that had to...
So what was the latest challenge?
Because I followed along the wizard showers and everything.
That was great by the way.
Shout out to you for making people on CTI actually take showers.
Fire.
Fire.
But why is Bongo out there just getting punched in the stomach?
Yeah, so our last quest over the previous week was to make videos where people, you
know, wear a wizard costume and come up with ways to earn the mint price of open tube.
So there's been a lot of people with original ideas.
Bongo just had people pay him to punch him, which is a great idea.
That's a great business.
That's a great business, yeah.
He's a strong guy though.
He came up to me in Paris and I was like, god damn, he's strong.
So yeah, wow, look at this. Yeah. He's a strong guy though. He came up to me in Paris. I was like, God damn, he's strong. So yeah.
Wow. Look at this. Shiv is dressed as a wizard.
Oh yeah. Everybody out there dresses as wizards.
Yeah, man.
This is great.
And he's strong. I mean, it's one of my takeaways. NFT NYC 2023.
I had folks coming up to me and talking about temporary wizards and they weren't
really super on my radar yet at that time.
I was a little bit more focused on Ethereum and those people are still here sticking around.
So they stuck with it for two years. So that is it's really sound the most amazing people
I've met in crypto. Honestly, like, you know, they're creative too and they're funny and like,
and they want to, and they want to see Bitcoin, you know, on the, on the page,
you know, so this is great.
Yeah. Yeah. There's a ton of these.
There's so many. I remember once we were reviewing you
thousands of videos of like 24 hours.
Oh God.
20 people like running through those.
I thought nobody wanted a wizard.
Yeah. I thought so too, but they keep surprising.
So what's, so what's the surprise? 2,200 of them. Is that what it is? those. I thought nobody wanted a wizard. Yeah, I thought so too, but they keep surprising.
So what's the surprise? 2,100 of them? Is that what it is? 2,121. A bunch of them are
honoraries. Some of the honoraries have not been inscribed yet, but there's like a few
reserved for future honoraries. The main collection is 2,085. Did I hear honoraries? Yeah. You promised me something two years ago now.
All promises of the Temple Wizards project either have been kept or will be kept.
Promises made, promises kept.
I think we've shown that.
You have.
It might take us two years, but when we say we're going to do something, we're eventually doing it.
You're from Bangor events. You guys are everywhere. I was just with Pharr in Paris a couple months ago. Yeah, it might take us two years, but when we say we're going to do something, we're eventually doing it.
You're from Bangor events.
You guys are everywhere.
I was just with Far in Paris, like a couple of months ago, catching up.
Your events are really awesome.
The event in Paris was wild.
I mean, I personally, honestly, to be perfectly honest, personally, I had
very little to do with it.
I went, we have just an amazing team.
Yeah, you do.
We really do.
And they killed it for the Paris event.
Absolutely killed it.
It was like, it was what you had, like it, and you had like this entrance where I
don't just show up to the next event.
I don't even want to, I don't even want to give people ideas.
Just next time.
Just show up.
I know it was the same night as wrecked and I was like, it was, yeah, it's always
like that, right?
Those events like you have to be like so torn. It's like, yo, right? Those events, you have to be so torn.
It's like, I got to support Ovi, Mendo,
the reg fam, and at the same time,
I got far time, like, yo, we're throwing a banger.
You got to pull up.
God damn it!
But it's awesome.
Uri, look, we don't have to keep you much longer.
Honestly, one question for you is, Upcat, how's that going?
Because on top of, I think, behind the scenes,
that's one thing I've always talked, on top of like, you know, I think behind the scenes,
that's one thing I've always talked about, like when I talk with you guys,
that you guys are actually trying to scale Bitcoin.
Like actually, like it's not like you're trying to break,
you try to break Bitcoin.
It's like an ad functionality too.
Yeah.
But yeah.
So yeah.
So, you know, my co-founder, Eric Wol, published a thread about this a
a thread about this a couple weeks ago. We had a really interesting kind of visit to Hong Kong
couple of weeks ago.
recently where we got to meet a lot of the kind of movers and shakers in the mining industry over
there and a bunch of others. Miners are like a very important component in getting Opcat to work.
It was a very good week because we had a lot of interest from these guys.
It's like Upcat is like this kind of lobbying effort, almost like a political lobbying thing
because we have this stuff that we were developing internally, but in order for all of this to
work, the Upcat upgrade has to happen and that's kind of almost a lobbying effort. So
the visit to Hong Kong has been very promising.
There's going to be, I think it should be announced
very soon, there's going to be like a big event,
a public event in Hong Kong next.
Sick.
About Upcat, we'll have more detail about that very soon.
It's gonna be like imminently.
Fuck I wanna go.
And yeah, that's gonna be like imminently. Fuck I wanna go. And yeah, that's gonna be great.
I think in Vegas, there's gonna be probably
some progress on that too.
And on the developer front,
on the kind of Bitcoin protocol developer front,
one of the amazing things that have happened
in the last 12 months is, you know,
Opcat and really just the idea of soft forking or upgrading Bitcoin has
been seen as a joke for so long. Like when we first came up with this a year ago, we were laughed out
of the room. Basically, people said like these clowns think they can upgrade Bitcoin with the
fuck they think they are. Basically, basically the entire conversation of Bitcoin protocol developers
around the clock 24-7
is around how to make the next upgrade happen.
It is literally in consensus now that Bitcoin needs to upgrade one way or another.
The fact that this changed this much in 12 months is a huge...
It's really an achievement by the community of one of, you know, one cats and type of wizard that has been like on this and show, you know,
shown that they want this for so long that the people can just cannot ignore
this anymore. And this is part of what the quests are so good for.
When you see them flood the timeline, you can't ignore this, you know,
you just can't, there's you, you might not like it,
but you cannot ignore it. And it's been, it's, it's been amazing.
Really?
This community is literally making things happen.
Love that.
Well, congratulations, Uri, you know, love what you guys are doing.
We're all big fans.
Always going to support you guys.
So really excited.
Yeah.
Don't worry.
I am good on the shower side, personally speaking, you know, when you live with a
woman, when the hack is just to live with a woman, right?
You definitely can't not shower, right?
So we make sure that we shower.
Anyways, Udi, dude, best of luck for the future of Tap of Wizards.
Can't wait to see what's next and congrats on everything, man.
Thank you for coming. That was a lot of fun.
Thanks.
Thanks, brother.
All right. All right. Well, that was fun.
Love, Udi. Love having him on.
We're just going to keep it rolling right up to the next guest.
We got Luca Nets in the house.
Pew, pew, pew, pew.
What up, Luca?
Good morning.
What's up, guys? How you doing?
Dude.
Long time no speak.
Yeah, man, though it's been a couple months.
Oh, man.
Oh, man.
Luca, dude, listen.
Some big news came out right after you guys left the stage yesterday.
You know, we got the Canary.
The Canary ETFs were filed yesterday,
but not just for Pengu, for Pengu and Pudgy Penguins.
This is huge.
Just as a reminder, for those of you
that are on the Twitter spaces, we're also live on video.
It is pinned at the top of the spaces.
We go live Monday to Friday on audio and video as well.
But also rafflebot.xyz, the code today is wizard.
You have a chance to win a Pudgy Penguin.
We have 13% chances that the person who comes up on stage
today wins a Pudgy Penguin.
It would be nice to win a Pudgy Penguin on a day like today.
So imagine you listen to the show,
you get all the alpha, you get wizard, you get the Pudgy Penguin chat, and you get to win a Pudgy Penguin on a day like today. So imagine you listen to the show, you get all the alpha, you get wizard,
you get the Pudgy Penguin chat,
and you get to win a Pudgy.
You know, $26,000, you'd love to see that.
So anyways, rapfulbot.xyz, make sure you sign up
as we talk to Luca.
Luca, big news, brother.
First and foremost, congratulations.
I think it's a huge deal for the space.
Tyler's got a bunch of questions for you.
He's our resident penguin expert in the house. But first, Luca, how do you feel after news yesterday? And why don't you break it down for us,
you know, why it's so important for the Pudgy Penguins, but also for the industry?
Well, I tried to time it yesterday for you, so I apologize. I apologize. Better late than never.
I think from our perspective about like two months ago, I kind of told our web three team
that like this is the place where I want us to focus. And why I want us to focus there is because
I think the pudgy penguin story and the assets within our ecosystem are really easily digestible
to the normal traditional finance type of person. And now that these rails are kind of opening up,
it seems like this is a direction
that we really wanna go in.
And so from our perspective,
we're working really hard to not only push this through,
but I think there's a couple other things here
that you'll see in the coming months
in terms of what we're doing on the institutional side
to ultimately open up the rails
for people to participate within the ecosystem.
Again, I think when you look at these types of tokens
specifically, I think right now it's just Doge and Bonk
alongside Pengu in this like mimetic category
that has ETF filings.
I think from our perspective,
we just feel like we have a really competitive base
to kind of make
to people, uh, in regards to, you know, what it looks like to ultimately participate in
the pudgy penguin ecosystem.
But I think it's something that's really easily understandable for them.
So, um, I think, uh, I think it's, it's a cool moment.
One that I think is pretty historic because of the NFT integration and understanding that
like the pudgy penguin ecosystem is both Pengu and the NFT integration and understanding that like the Pudgy Penguin ecosystem
is both Pengu and the NFTs and kind of opening up those
rails for that.
But I've been in DC twice over the last five weeks,
and we've got a lot more things cooking here.
So I am curious, on that note, did you
have input into the split of it's going to be X percent
Pengu token in the ETF is going to be Y percent NFT.
What was that process like to kind of make sure both assets got bundled into the product?
Yeah, I think you got to understand like when it comes down to inflows, you know, inflows
a million dollars of inflows on NFTs are way more impactful than a million dollar in inflows on a liquid token.
And so it's weighted a lot more for the token than it is the NFT. But I think the weight is
probably similar in the sense of the liquidity and ultimately what moves the needle based on the
percentage of inflows. And based on our understanding, I think like a million dollars on the NFT floor probably does the same thing that like five or $6 million does on the token based on just like me staring at it and using it for the last couple of months.
Yeah, that makes sense. I'm curious, like a or two part question, how hard was it to pull this off to get here and then I'm also curious part two
Like what is the approval process look like and like how much is the team involved in that?
And like what the future here looks like
Yes, so I think the beauty of us is like we have these relationships
and so there's a lot of doors that are already kind of opened in this respect and
So I think in terms of how hard it was actually wasn't necessarily that
hard in terms of like the process is rigorous and obviously we're not the ones
filing it. Uh, so that's definitely, you know, canary has a brunt of the weight.
Um, I think the, the hard part would be the relationships and the connections.
And I think that's easy for us.
And it's been something that,
you know, when your boots on the ground in DC, you can kind of make things happen. Yeah. This is a big deal. So you're telling me like, this is so cool. So you think like the guy
behind the desk, Canary is going to go like, damn, this trick was hard. He's just going to be sweeping
the floor and open see, you know, like that to me. It's so wild that like we've come from 2021 NFT media.
You know, we talked about this on the show, like, uh, or some point like NFTs
are arguably a more fun to meme coins, et cetera, but you kind of have best of both
worlds. So now you can, you know, you can just go buy pleasure, pigment, plus
shit Walmart. If you just want to, you know, the toy, or you can end up with the NFT
or, or the token.
If you want to have access to the ecosystem and now you're going to be DTS now you're going to be able to buy these up. This is really cool, man. Fuck. This is so sick. I didn't think it would
be possible this soon, honestly, for the NFTs itself. That's really cool. Anyways, Tyler,
back to you. I just wanted to comment on that because I just think it's such a big advancement.
I know you got ties to VanEck who was like Lydia Penguin, PFP and never changed it.
And then you have bitwise Hunter Horsey who has you guys in the, in the index.
Um, is it possible that we see more filings on, on, on, on NFTs like that?
Yeah, I think, I think we totally will.
Um, and, uh, I think, uh, again, this is, this is probably just one of, I think
many things that we have coming here. Uh, I'm also trying to think like, how is probably just one of, I think, many things that we have coming
here.
I'm also trying to think, how can I just let the entire industry?
I'm actually pretty bullish on this stuff getting approved.
I just functionally, if I'm looking at the landscape and what I think is in the process
of being approved, and then I'm looking at not only the Pengu ETF, but maybe just a holistic
NFT ETF. Maybe there's a culture ETF. You know not only the the pengu etf, but maybe just a holistic nft. Etf
Maybe there's a a culture etf right? There's like there's definitely a lot of
That we're exploring that that not only just benefits, you know us and our ecosystem but others as well
I think we're in a position of leadership and as leaders
It's our job to lead and you know, ultimately
I think there's other things that we can do for the greater community not not just the Pudgey Penguin community, as we kind of make these efforts.
Yeah, I'm with you. I'm in the camp that I think a lot of these are going to get approved. Yeah,
almost maybe almost universally across the board, that might be a little too optimistic.
But then the question becomes, if all these ETFs are approved, there's less differentiation in getting an ETF.
So how do you drive demand?
I think that's the number one question
that I saw on the timeline yesterday.
So I'm curious for your thoughts.
How's the team thinking about that?
I think the part that I'm really focused on,
while the market is the way that the market is,
is how do you just optimize and create the
best foundation possible to basically put you in a position to win?
And so I got like a couple different buckets that I'm kind of like thinking about, which
is like on one side from an exchange listing perspective, yeah, there's going to be tens
of millions of coins pretty soon here.
You'll probably have a hundred million coins, but there's only going to be a hundred or 70 that are listed on all the
meaningful exchanges. Right. And so, you know, when I mean that,
I mean like Robinhood, Coinbase, finance, the whole lot. And so, okay,
that's a degree of separation. And then maybe, you know,
on the institutional side, you can have a couple of different ETF vehicles.
That's another piece of the foundation.
Eventually once you have all of those different pieces,
I think the big thing that I'm trying to do is separate myself from the millions of other
tokens that are coming out and that are constantly being created on the daily basis. Once you have
that foundation, then it's a matter of how do you compete for attention. That is the part that has
never worried us. A lot of people have filed for an ETF, but if you even just look at how we rolled
out the ETF yesterday, we have the ability to get more noise in the next person. And I think if you have the right foundation, and the right story, which I think we're on the precipice of having the right foundation, I think we've been telling an amazing story for the last couple of years. And you kind of pile that on with like huge moments and huge marketing sprees. I think like the ability to create demand is probably the least of our worries.
I think the worry or the thing that we're focusing on now is making sure that we have
the necessary foundation so that when we create that demand, we can capture that demand.
Right.
I think the difference between us and everyone else is everyone I think will have a moment
in which they can kind of garner and facilitate attention.
How much of that attention can you capture? I think is the important part. So we're just
really going steadfast and just understanding like, look, the market's choppy, we won't
really have that much clarity, I think. And I think things won't get that bullish until
maybe towards the later end of the year. How do we put ourselves in a position so that
when risk is on, right, we are in places and avenues, nobody else is in, uh,
and we can capture those inflows, right? And, and,
and I think that's the game that we're playing.
And I think it's going to work out really well for us, uh, you know,
as the market turns around.
I would agree. I think you, you and then the ability to capture attention in
ongoing fashion as good as anyone over the last few years.
So my hats off to you there. We've shared praise on the show for folks that kind of
words. I shared some positive thoughts yesterday. There's been a lot of critics on the timeline
as well. So I wanted to get there's folks in my timeline who said it was the dumbest thing they've
ever seen. I want to take a chance to respond to the critics out there.
Like everything, you know, everything, every time we've done something, there was something, I want a chance to respond to the critics out there.
Like everything, you know, everything, every time we've done something, there was something,
it was the dumbest thing that somebody ever saw.
We put plushies in Walmart, we were a little kid's brand when we did a blockchain, we didn't
know how to build blockchain.
Why are we doing that?
Right?
Like everything we do is met with some skepticism.
And ultimately, if you don't have skepticism, or you don't have haters, you're probably
doing something wrong.
Ultimately, like, look, the plan is the plan.
When I tell you that the intent for us is to capture demand and to capture inflows and
to separate ourselves from the tens of millions of tokens that are out there, how could you
refute that?
How could you say that's silly?
That's obvious.
Ultimately, at the end of the day, nobody's balking at a Doge ETF.
Nobody really balked at a bonk ETF.
But Pudgey Penguins is in Walmart.
Pudgey Penguins one day will be on the big screen.
Pudgey Penguins one day will be in games on your phone and on your desktop.
And we're just not going to stop winning.
And whether it feels like we're winning in this moment in time or not doesn't really
matter.
Ultimately, we've been on this rodeo enough where it's like, look, like we
have a formula, we know how to manufacture success.
And this is the obvious logical conclusion in terms of things
that people should be doing.
And if you're not supporting what I think is crypto's underdog and one
of the most beautiful stories that I think has come out of the industry
in the last five, 10 years, then that's your prerogative, but ultimately
like we're going gonna continue driving success.
And I think laying the foundation and allowing people,
if and when you can really break through
into that peak mania and craze to participate,
that is the best thing that I can do for our holder base.
And that's the best thing that I can do for our community.
And how you can spin that any other way,
I think is just silly.
Because if there's a Doge ETF,
there's no way you can't believe
there's not going to be a Pengu ETF.
Pengu is so much more relatable and credible and understandable.
I think the net new user today outside of maybe the history of Doge and
obviously it's longevity and success.
Uh, then I think anything else out there.
So to me, this is kind of obvious.
And if you think it's silly,
you probably think a lot of other things are silly.
So I'll leave that up to them.
I mean, they did say a podcast network
on Twitter spaces was stupid
and we made it to the White House.
So at the end of the day, you know what I mean?
It's just, you know,
usually when the masses call something stupid,
especially on crypto Twitter,
you kind of want to take the other side of that
and bet on that.
I'm starting to index more like a real, a real like number one folks. I'm going to pull it off.
It's a little bit more, there's a little more magic and I think things that I think people have
yet to figure out, but like I'm going after the XRP army, right? Like I'm almost, I'm almost
graduated from this mindset of like catering to C& CT. I've kind of seen like the back side of the army is crazy bro. We got to be more like them. Like dude, that's a nerve I know I can
tap into. I've seen the best and worst parts of CT and you know ultimately like it's they're
going to continue doing what they're doing. Like there's a whole world out there of people, millions
of people that are in crypto that are championing narratives
that are championing, you know, tokens that are seeing huge success that literally nobody
knows what CT is. And I think Pudgey Penguins is right for that group. So, you know, over
the course of time, I'm very confident that we're going to infiltrate this NetNorme audience
that very few people have.
Yeah, I mean, you already are. Love it. I recently gifted,
you got another care package from you guys. And I recently gifted like all the little toys,
like my neighbor's daughter and all that stuff. And they were just like running around like
screaming. She came up to me, she's like, thank you so much. Give me a huge hug and like little
things like that. And all the way to like these ETS and the blockchain and streamers that you just
appeal to like top down to like all ages in a way at this stage,
especially with the addition of abstract now
and everything that's going on and then institutional
and there's a little older crowd now with the ETFs
given that they get approved.
So that would be really cool.
So anyways, look at it, congratulations.
Love to see that.
Thank you for coming today.
That was great and we'll be rooting for you.
That's for sure.
So can't wait to see what you're doing next.
Appreciate you and I'll see you on Myriad markets. Hell. Yeah, baby much love peace out Luca. Bye guys
Alright, alright. Well, it's the time then you guys have all been waiting for I love that
That was that was some that was a good job. That was good. We had you know, and the week see Amanda
We're in the week with with with hang tight everyone raffleball.xyz
The code is wizard get your last codes in if you want to win a pudgy penguin
That was good tyler. I'm excited man. It gets me pulled up every time we talk. Yeah, I like it
I like talking to luca we talk a lot because obviously we're building on abstracting stuff and you know, it's it's just good
You know you you need people who don't give a fuck, you know, just build, you know one thing
Oh, that's what I want to say
Whoever is in charge. I see PP in there.
Shiv, Burko, whoever's in charge of the gift.
I was trying to send Persian New Year,
NoRu's gifts to everyone.
And usually there's a penguin gift for everything.
And there wasn't a Pudgy penguin gift
for the Persian New Year.
That was a little sad.
I'm not going to lie.
So if we can make a little happy NoRu's gift with like,
you know, the penguins like dancing
around the half scene, like little table and all that, that would be fire.
It's just like a personal request, you know, for the Iranian penguins out there, you know,
it's not just the Iranians, Persian people celebrating Noru's.
You know, I love that.
I'm already getting the hearts and the thumbs up.
I love that.
All right, let's run it baby.
Let's see who wins.
Ooh, Real Uls. A fellow red guy. Get on stage, Real Uls. Ray Yules, congratulations. You win today's spin of the day.
Yeah.
Ba ba ba ba ba.
Ba ba ba ba ba.
Ba na na na na na na na.
All right.
Ray Yules, you are, there you are.
You're on stage.
What does your bio says?
I'm just a red guy.
You and me both, brother brother what's up rayls
how you doing very good very good even better now hell yeah look at that look at that how long
you been listening to the show for you rayls oh even before the pandemic i would say wow
wow love that love that i love right. Well, are you ready?
Because I have a feeling someone's gonna win a Pudge. Today's a Pudgey Penguin or Red Guy.
It's very simple. We have one Pudgey up for grabs and about 10 red guys, but there's a 13%
chance that you get a Pudgey Penguin. Are you ready?
I'm ready, man. Let's do it.
Let's get everybody. All right, Tyler, you're the Penguin. Are you ready? I'm ready, man. Let's do it. Let's get everybody's...
Alright, Tyler, you're the penguin on here.
Well, I am too, but you know, you're really the king penguin.
Blow on that mic.
Give me that Pudgy.
Let's go.
Oh, that was so fucking close.
Congratulations, you win a red guy.
Congrats, red guy.
A little thousand dollars on a Friday. Not bad, huh?
That's sick. thank you man.
All right, you're very welcome.
All right, Tyler, look,
I know you've got some bets on Myriad,
and you got your predictions on,
how you feeling about them?
You know, 83k Bitcoin in the week?
That's the ones to sweat.
It's a good line, huh?
So there's all these options expiring in stocks today.
And they're a lot on
the short side. So if the bull squeeze them maybe we finish a little higher
than people think. Yeah. I'm kind of leaning bull side here. I love that. All right you're in
the bull. So we just added the USDC market on Real Madrid in Arsenal for next
week but we have a few USDC markets coming out about Solana, more Bitcoin, etc.
We have F1.
So make sure you go to mirad.markets and also come participate.
We have mirad markets open for the Paris blockchain week, but also for Wallet Connect and a bunch
of different stuff culture-wise.
So it's not just USDC, it's also points.
It costs absolutely nothing to get started on there.
Come get yourself a little dose of abstract.
Speaking of looking at, right?
So check it out.
Sign up to Mirad Markets and help us reach 10,000
USDC active traders.
We're going to hit that this weekend.
So we're cooking.
And with that, we will see you all on Monday,
10 a.m. Eastern Standard Time for the episode
of FOMO Hour on Rock Radio.
Let's go! I'm going to play it. So
so I'm out.
