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GAMING IS BACK? | Simplified #96
Recorded: Dec. 8, 2025 Duration: 1:37:39Space Recording
Short Summary
Recent discussions among crypto enthusiasts reveal a cautious optimism surrounding the Web3 gaming sector, as multiple successful Token Generation Events (TGEs) signal a potential turnaround in market sentiment and growth opportunities.
Full Transcription
Thank you. so
I don't flex, I feel the nuts, please don't stress, I'm the best, ayy
A lot of these niggas are setbacks, I've been verified with my check at
Bitch move out the way like a step back, when bending these words I'm the best at
Like saying you niggas took your best at, I've been on my shit nigga check steps
I started up broke, never went back, I said I won't make it, I meant that.
I hop on the pipe with my chicks now, bitch niggas is all on my dick now, why is he talking
for shit down, this ain't no trap, this is big bounce, ever shit out you should get
down, don't follow the direction and kick plow, you're in the game like a lake cloud,
I take what I want and I sit down, I take what I want and I grab what I need, myself
and an FG be ballin' my seed, burst YZ nigga burst YZ, you been in the game but you still
ain't the lead, the man in the city should give me the key, but don't stress
decades Decades that me, but you don't bang it up to Andy. Try to get Franks, I feel like Andy. Going to the banks, I feel like family. Know this flow will come in handy.
This my show, I feel like Andy.
Try to fuck around it, win the Grammy.
Try to fuck around it, shit.
Try to have time, it's too much shit.
Know you see me blacking out.
Where they go with Kani and this bitch?
Where they go with Kani and this bitch?
You don't know I'm not about the bitch.
I'm seeing my thoughts.
Yeah, where they go to Kali and this bitch?
I don't flex, suffer nice.
Put those strats on the best. Say, I can't really go to Cali in this bitch. I don't flex off a nest, but don't stress.
I'm the best, eh.
I don't flex off a nest, but don't stress.
I'm the best, eh.
I don't flex off a nest, but don't stress.
I'm the best, eh.
I don't flex off a nest, but don't stress.
I'm the best, eh. uh
Welcome to this bitch life.
Yeah, I'm really him.
Welcome to my shit life.
Bitch, I'm really him. Hold up.
Yeah, welcome to this bitch life.
Yeah, I'm really him.
Welcome to my shit life.
Hey.
Bitch, I'm really him.
Don't believe me.
Come and see me. Got some wishes from my Dini. Now I'm really him don't believe me come and see me got some bitches
from my dv now i'm on your local tv all don't just got bitches screaming say she
wanna come and see me when i'm in the local city i'm like pause though please step aside
so they can see me and i walk up in this bitch like yeah i'm really him talking about shit like bitch i'm really him oh god
walking this bitch like yeah i'm really him talking about shit like
bitch i'm really him out of my city that's so money that's on tv that's on mama's
nigga don't believe me come and see me i've been talking niggas i't believe me, come and see me. I've been dodging niggas, dodging all the fake shit.
All these niggas working, bro, when I've been getting paid,
bitch.
All these niggas know me from the street.
Niggas acting for a future, that's like get the other beat.
Niggas talking, how my back I kick my feet up,
having secrets at the end of the day.
All these niggas watching me.
I drive.
Walk up in the ditch like, yeah, I'm really here. Talking about shit like, bitch yeah i'm really talking about like
god welcome like yeah i'm really talking about like
I'll take this DJ said as confirmation that Matt is alive after our Basil,
something I'm never quite sure he's going to make it through.
Congratulations, brother.
Hanging by a thread, bro.
I'm not going to lie.
I combined for definitely less than 12 hours of sleep this weekend for sure,
maybe in four or five days. I don't know about dubbing Icy in the squad, but of sleep this weekend for sure. Maybe in four or five days.
I don't know about Dub and Icy and the squad,
but yeah, the weekend was fun.
Yeah, we're dead.
You sound like the human
incarnation of a vodka Red Bull right now.
I wish. I would love a vodka
Red Bull, actually, if anyone has one.
Just keep it going.
The only way out is through,
brother. The only way out is through, brother. The only way out is through.
Let's go ahead and knock out some intros before we hop into the topics today.
Some really interesting ones.
Shout out to Fableborn, by the way.
It's nice to see gaming win.
Up first, he's the blueprint-breaking founder behind the Eighth Continent,
the sovereign of social scrolling with Reply Corp.
It is none other than Jordan Feinstein.
What's up everyone? Happy to be back here. It's been a little bit.
Good to have you brother. And up next, never one to rest on reputation.
You'll catch this man not name dropping.
His past conquest is a Jagex King miniclip in Rovio.
He puts the Bucks in Buxton and the Warp in Web3.
It's Matthew Buxton.
Hey, man.
Glad to be up here for another fantastic week.
And look, isn't it just Web3 Gaming is back and we can just glory in the days of, you
know, everything's going to go right and every single project that has NFTs in it is
going to be wonderful.
And let's just goes to prove
faces, like app faces
for screaming dudes. It's lit.
Anything like that, lit.
Yeah, no notes from me, brother.
But this guy might shoot you down.
He's the glacial guru of good vibes,
the chill champion of cheer the pack, proud
wolves down wanderer who's logged
hundreds of gaming daily episodes
that keep us up to date on all things Web3 Gaming.
It's icy.
The Glacial Guru of good vibes. I love that, Sam.
Stoked to be up here. Thank you for having me. Thank you for inviting me.
I did survive Art Basel, just barely.
Unfortunately, I missed Matt out there, but I did not miss the mad chill drop.
I bought one of
the hoodies uh as fast as i could it was super dope being there with dub definitely missed uh
you and jordan though jordan jordan rugdust man he was supposed to come in the last minute
wasn't able to make it i missed you guys but happy to be here happy to see hanta
on the panel as well i hope you're feeling well brother
likewise man a big shout out to hantao for making it we'll get to him in just a second I hope you're feeling well, brother.
Likewise, man.
A big shout out to Hans Howe for making it.
We'll get to him in just a second.
Sad that I couldn't be in Miami,
but God, was it nice to not be in Miami,
if I'm being honest.
Next, he survived lag latency and low skill lobbies.
Like he's seen every map, mastered every meta.
From 360s on the slopes to 360 no scopes.
It is my resident neighbor,
the Undisputed King of Controllers.
It's Dub.
Dude, I hate you for not coming out and making it through.
Yeah, dude, great to be here.
Stoked to be home and not travel for at least two months.
Hopefully, who knows?
Can I get a sparkling water?
Okay, thanks.
All right, let's do it.
Wow, Dub comes to Miami once.
Now he only drinks sparkling.
Wow, Perrier for the whole squad.
Where the bull market's back, TG did good.
We're doing it, fam.
Sign me up.
Up next, I don't even know how to introduce Hantau right now. I mean, the guru of the Grand Arena, OG Axie Infinity crew
that did all kinds of crazy stuff, but most importantly,
hopefully out of the hospital.
Hans Howe, how you feeling, man? We're all praying
for you, brother.
Surviving.
Hanging in there. We appreciate you making it back.
We're the newcomer of pneumonia.
Just fighting pneumonia for all of us.
As we know, it took knockout last year,
so it's always a scary thing regardless of how old you might be.
And yeah, we're hoping that you have a quick recovery
and yeah, really rooting for you, brother.
Thanks for making time for us.
If you need to dip out early, no worries at all,
but excited to hear your perspective on some of the topics that we have today
up next she springs it from stocks
to subnets from sales floors
to summoner scores
Wolvesdow's system sorceress
she sinks squads, streamlines chaos
and still finds time for side quests from Wolvesdow
and Kaizuna, it's Slayer
what's up guys
hope all you Miami people had fun
thanks for giving me FOMO
on two events back to back but glad you're
all back and we're all in the same boat again.
We're all in the same
boat which is not a
yacht this year.
The boat was looking better recently
this week than previously right?
We're so back. We're so back.
Up next he's the founder of Real Third Web
the CGO of GameFun
a CalShe partner and most recently the founder of Real Third Web, the CGO of Game Fund, a Calci partner,
and most recently, the founder of Live Frame.
Brace yourselves for real, Jonah Blake.
Yo, glad to hear Hotels doing better.
I don't have any other quip.
Sometimes it's all you need.
Up next, while we were still Googling,
what is gas?
This guy was scaling Shapeshift to curate crypto back in 2017. now while we doom scroll tiktok he's building remix to make make us go from passive to
playful and allowing us to turn our most ridiculous game ideas into mobile gaming magic he is the king
of code it's mr charlie blackstock what's up what's up uh yeah i'll just get an Oreo McFlurry. Okay, that's good. Oh, bro.
Don't do me like that.
You're going to have me on Postmates by the time Sam finishes these in throws.
Man, how many did we order that one night?
I think we got like six or nine because it kept not getting delivered.
Dude, I ordered it three different times, once to a different location, and then it just duplicated.
We got like 15 fucking McFlurries.
And I drank all of them.
Yeah, we ate them all is the worst part.
God bless.
Up next, he's the spark behind Launch Day Legends, the kindling of countless campaigns.
Glitter clap might be in the name, but his smoke inflames when he's in the mix.
It's the chaotic coordinator, the god of glitter is Tony V.
Hello, hello. It's Stoked.
I'm stoked to be here with everyone. Hontau,
I'm glad you're alive. Jonah and Matt,
I'm sad I didn't see you, but
I'm glad that everyone's
traveling back and getting ready to hang out. Matt
Buston, I think you came up in more conversations this weekend
than anyone else. I'm excited to be on the
panel with you.
Yesterday during Amplified,
the new show that me and Nock are doing on Sundays,
Tony, whenever Dub came on,
was taking a nap behind him on the couch the entire time,
which was the epitome of a Sunday in Miami
whenever Tony B's in the mix.
Good to see you, brother.
Up next, from Soar to Magic Eden,
he scaled every scoreboard. He simplifies the chaos and strategizes in the mix. Good to see you, brother. Up next, from Sword to Magic Eden, he scaled every scoreboard,
he simplifies the chaos and strategizes in the storm.
It's the Sage of Simplified, the Giga Brain guild leader.
It's Knock.
I know most people don't care,
but I finally figured out what to do in TFT this season.
You're going to run Yordles till 8,
then you're running 5-cost soup.
You're going to win every game.
Just do it.
That's so funny.
I care, Knock. I was actually talking about what that was someone I'm telling you dub
yordles till 8 stack those rerolls five cost soup I I was addicted to auto chess
for at least a year and I still don't fucking care about what what you just
said up next his social. His brand booms.
And his portfolio is holding since 2017.
He's the feed phenom, the Mad Chill Maverick,
the beat-based business buff whose empire expands with every upload.
It is the Mad Chill Maverick.
It's Matt Stefanino.
What's up?
What's up?
Alive and somewhat not well.
But it was great to see some of you guys.
Thanks, everyone.
Supported the Mad Chill drop.
And I'm bummed I didn't get to see you guys.
Icy and Dub and Tony.
But we'll run it back.
GDC, baby.
Yeah, this lazy fucker was too busy getting those four hours of sleep.
Couldn't make time.
Couldn't make time for the boys.
Too busy getting that beauty rest.
Got to give a huge shout out to our sponsors.
Welcome to Remix, where your imagination enters the arena walks out with rewards you can open remix right now on ios and dive into 2000
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it's tiktok for the terminally curious when you're done breaking the leaderboard build a game yourself
the studio runs on prompts not pressure it's game creation at the speed of imagination, and it is the official AI studio of Simplified. And the flagship product from Wolves
Dow called Kaizuna is entering early access. It's an early link for your community, mapping every
message, every metric, every meaningful moment. Access is limited. Early adopters apply now to
the official analytics tool of Simplified. Up first, is gaming so back and am I ready to get hurt again? We saw one,
two, no, three gaming TGEs in the last few weeks. Fenoraverse, Fableborn, and Fishing Frenzy
having all gone quite well, actually. All three are up between 30 and 100% since launch. I think
actually Fableborn might be closer to 200%. Now, what's going on here?
Is this the start of turnaround for gaming
or just three exceptions to the rule
who are maybe either, you know,
using the correct combination of illiquid supply
and market makers or, you know,
have diehard communities that they built up
over multiple years, et cetera, et cetera.
Or is there something
magical happening here? I want to go to Slayer and then to Matthew Buxton.
What's up? Definitely feels much better. And if it's any testament to where Web3 Gaming's at,
I went from having nothing to play to I'm currently playing, quote unquote, playing three games at the
same time while on this panel right now across three different devices.
I have Ymir on my side laptop, Cambria on my second screen and Fableborn on my phone. But anyway,
I don't think that we look at them like a category. Like I think it is helpful for sentiment because sentiment has been so down bad that there are not just one but multiple things that are
doing great right now. It definitely helps because when you get below a
certain point of belief, then people just don't believe anymore. So I think Fableborn was really
good for that because of the TGE, right? Because people have been in a place where it's just the
default off the top of your head. Yeah, gaming tokens aren't going to work. They're going to be
down only. We have one that showed that that doesn't have to be true. And you can see that
that counters a lot of people's behavior, right?
A lot of people are like,
yeah, I don't believe in gaming TGE,
so I got some aloe.
I sold it right away,
and now there's some kind of regret about that.
I think that is really important.
Cambria, in a differently,
you know, their token's not live,
but the game's been out.
This is the third day of it being out,
and their prize pool,
I think I last checked,
it's worth like $1.2 million right now.
That's all funded by player spends.
So it shows that people are still willing to go into risk to earn stuff.
People were worried with Cambria about last time there was the abstract
effects of people hunting abstract XP.
That's kind of fallen off a bit.
Is it still going to get that same level of hype?
And I think, what was it?
They said they got, um, like 670 K just from Ronin.
That's also available on abstract and other wallets as well on day one within 24 hours.
Right now at 48 hours, they're over a million.
So I think it's showing the counter, the bear narrative, that there are still things that work.
But I don't think you take it as a sign that any game that launches is going to do well.
You need what these teams have, which is to have an actual solid product that is fun.
I can say as someone who's played Fableborn and Cambria,
those are both games that people have been looking forward to.
They have a community that's been loyal through the way and has been excited to jump into it
and then also knows how to manage
and execute the Web3 part as well.
So this is still a hard game.
You have to master both game dev and the web three parts and there's not a lot of teams that can do it but
you're seeing now that when you have all those elements together you can have something that
is a success matthew buxton going to you next as uh you know the founder of warp i know you guys
are working with a lot of different games how How does this maybe inform some of your decision-making
or the thought process you have around tokens
and asset launches in the space right now?
I would like to say that I've said this probably
till I'm blue in the face,
and you're probably all sick of hearing it,
but money is the best moat.
I mean, in any sort of, in any launch, in any project,
in anything that you're trying to do in the space,
bring enough money to do things like buyback supply and to actually continue development
and to do things that were not assumed to be necessary in the kind of like the heady days of
21, 22, where you would see launches that would go out and they would go absolutely crazy. There
wasn't enough game behind them. I i do think that you know the hard part
for those games starts now like can they maintain that interest are they getting a return on their
ad spend because that's really where it comes down to is like is this game like has it got a
virtuous cycle are they spending more money at the moment than they're earning and that can be the case and that's okay in a new product but
we tend to be very very front loaded whereas in the traditional gaming space you tend to start
very very small secretly and then you build up and you fix and you build and you fix and you build
because failing at that stage is less risk so i mean i'm always pleased to see games not
immediately dying always pleased to see games not immediately dying.
I'm always pleased to see teams actually winning.
Whether I like the games personally or not, people love the games.
That's good.
If they continue to create content, if they continue to sort of have enough depth for these people, and if they can continue to support buying in more people so that these people can give rewards and all the rest of it, it's fantastic.
Do I think this is a renaissance of Web3 Gaming? Yes, I actually do. I think it is,
but not necessarily in the same way that we're going to see hundreds of projects just launch
and VC money flood back in. I think we're actually going to start to see the good projects,
better fundamentals, doing better launches, and getting moderate success.
And that is good enough.
Like, if a game can survive till it gets its sequel out, and then all of that sort of web
three goodness from the first one rolls into the second one, we're in a good spot.
And positive.
Rob, as somebody that's been out of office for the last couple of weeks, your thoughts on these last couple of launches seemingly going well while you're gone?
Yeah, what the hell, dude? I should just stay away forever, I guess, when you frame it that way.
But I don't know, dude. I feel like this is the shit we've been saying was going to happen.
It's like you don't even listen to your own show sometimes, I swear.
We constantly are saying that there's going to be 99 swings and one hit. gonna happen all it's like you don't even listen to your own show sometimes i swear like we
constantly are saying that there's going to be 99 swings and one hit and like yeah we just got a
couple hits and yeah it's a burden but we've also always talked about how gaming is gonna ignore
marketing conditions and keep going but yeah i mean 99 swings to one hit ratio is trend true and
jonah's gonna talk to you about how no one is investing in the space right now and you know we're still fucking
pretty down bad because of that so hopefully we'll see like two months
or the next three months that turnaround specifically and then
you know i can feel better but otherwise yeah it's it's a little
i'm i'm half half on it it's not my bags, so I'm not stoked
is also the core
of the issue here.
But I thought a rising
tide lifted all boats. Jonah,
what say you?
I'm not going to say shit
just because Dub said that. What I'm
going to say is you all know the
truth deep down inside, and you can
say whatever you'd like here, but you know your truth
Wow, very esoteric got to sit we've got to sit with that for a minute all of you go go find a mirror to look in all of you
Icy over to you
A quick anecdote my senior year high school yearbook quote was like a quote from a gangstar this uh
underground hip-hop group that i like and it's from their song that we all must meet our moment
of truth uh so shout out to jonah for that great song uh it's tough man are we back is this uh is
gaming gonna make it i think that these launches are a great sign but it's too early
to tell um you know i'd love i'd love for gaming to be back and for this uh to be working i just
don't know it's tough for me to feel this way as like a really positive like hopeful guy but
this year has been really challenging uh and it's been hard to believe.
It's definitely been testing a lot of our faith. Ultimately, we believe, and these are positive
signs, but we'll have to see how these tokens are holding up 30 days from now, 60 days, 90 days from now.
I'm stoked on Fableborn.
I think they're up like 3x now.
So it's like 300%. But at the same time, and I love that team and I love the game.
I love seeing the success.
We definitely need some wins.
But I was in a group chat where someone posted the screenshot and it's like, what in the crime is happening?
And, you know, tongue in cheek, but I would like to understand how they're finding this success.
Nope, this is why Web3 Gaming is failing.
Let me tell you a lesson.
If you do all DeFi, you do not shame a crime horse.
You never shame a crime horse.
Go look at the metrics on CoinMarketCap, by the way.
You're telling me that $84 million worth of volume was traded in 24 hours between 1,112 holders on this coin?
But the problem with Web3 Gaming is you guys care too much about the metrics.
You're not letting the market vibe, and when you're adding too many metrics, which is what I've learned,
you can't get the retarded people to come in and buy the token with you.
Just be retarded. That's all you need to just be more fun to be retarded and don't pretend
fucking goddamn phone calls but you got the idea we did indeed i want to hear from
jordan and then we're gonna tag in tony v yeah um i'm gonna say say this thing that i keep trying
to say and i keep not saying it well and I might not say it well here.
But like, you know when you're in a good relationship, I'm going to try anyway, and I'm going to keep trying until either I realize I'm making no sense or everyone else gets what I'm trying to say.
You know, like when you're in a relationship, and like it feels great, right?
And you have like a great year or something. And then, you know, it like ends catastrophically. And you look back and you're like, oh and like it feels great right and you have like a great year or something and then you know it like ends catastrophically and you look back and you're
like oh maybe it wasn't healthy for me to like that whole thing I know it felt good at the time
but it wasn't actually long-term sustainable and then you're like you know you're you're in your
30s and you have trust issues and you this is actually not speaking from personal experience
by the way I've been in a very long, very long relationship,
and it's mostly been very happy.
But anyway, what I'm trying to say is,
yes, all the VC money that flooded into our industry a few years ago
when we all got here paid for a lot of how a lot of us are still here right now, right?
Like, and a lot of the people on the panel, a lot of people listening,
it paid for a lot of this party.
But these VCs mostly made really fucking bad bets, right?
Almost every single one of these projects is zero currently and gone.
And all of the retail people, all of the people Jonah is talking about so politely,
came in and bought it and have now lost all their money and aren't going to do it again
until it's like so obviously smacking them in the face that, you know, they FOMO back in with
whatever they have left. We need to find all new people now. What I'm saying is like,
this industry has always needed a model for success, right? Throughout this entire VC inflated
run, we have sat here on these spaces and in our chats debating what is
actually the right model, what is going to work, what isn't going to work, why did this build?
It's an insane amount of money flooded in when no one actually knew what the actual model to
succeed would be at all. And every guess that all the big money made was completely wrong.
And so whatever these three projects,
which I love the diversity between them, whatever each of them has done individually should be
studied and start to actually build a foundation for a real model for success in this industry.
We have others too. Gigiverse has been making money. YGG has been making money with their games,
like actually they have web three games that are returning revenue month over month over month. We need to look at what's really working and focus all our energy.
There is some crime, but I agree with Jonah that we need to embrace the crime. Why do you think
fucking tokens launching on pump do so well? They one-to-one match that shit with their own money.
The secret ingredient, I'll tell you the secret ingredient. You get what I'm saying.
It is upwards of 5% of your token to Binance or Coinbase.
Another 5% of your tokens to Wintermute or a really good market maker.
Another 5% of your tokens to KOLs, who are going to forget about it in three days.
And a bunch of Telegram bots from Belarus, some Filipinos and some Brazilians,
and then hire a gaming guild for five grand,
who will pretend like give a bunch of users.
Congrats.
You've now made a hundred mil token.
We shouldn't be so afraid of the kind of stuff you're saying too,
because this is literally how it's always worked.
This is how it has always worked.
Like this is the crypto iteration,
but every form of companies and stocks and everything,
there's always been this kind of stuff to make them succeed.
At the same time, we do need fun games
that real Web2 gamers want to play.
I feel like we've also seen a lot of people try that
and still somehow fail.
That's because they were French.
It worked for... No, no, no.
They did that, right?
And a lot of these tokens used to be worth a lot, right? It worked for a while. No, no, no. They did that, right? And a lot of these tokens used to be worth a lot, right?
It worked for a while.
The problem was that they didn't actually have a real plan
that was going to turn them into a sustainable business
that was going to work underneath.
And so when the narrative hype ended,
there wasn't, like, you're supposed to use that narrative hype runway
to get to sustainability and none of them actually...
Brother, brother, no, no, no, no, brother.
Open AI is going to launch at nearly a trillion dollar valuation it currently is in third place behind
gemini and grok there's no such thing as a sustainable business it's not a real thing
it's not like if you wouldn't god if you want to build a sustainable business all over the world no no start start start a plumbing
business or a construction business or run an agency but if you want to build a venture scale
billion dollar token you got to think about this as vibes just vibe your way to the top
let's get some more people in here uh tony v going to you then to chuck
uh i'm gonna say it again i think i've said it the last four things i've been up here in a row
i'm only coming to these things when jonah's here from now on also fuck you jonah for not
coming to hang out with me we've had so much fun together sleeping on the couch i invited him yeah
i know we couldn't sleep on the couch while dub was boring on tv it could have been great um i think
that uh there's a there's a lot of truth in what both Jordan and Jonah are saying here.
I also think that we may have to get at least the moral bottom if we're all celebrating Crime Week the way that we are here.
So I'm okay.
And I'm here for it.
You all met me before.
You all met me before.
So, you know, I think it's great.
So, you know, I think it's great.
But all I guess I'll say about Fableborn is that I really hope that my good friend Maria extracts an incredible amount of money from this experience before it flies into the sun.
If you're listening, Maria, I'll say it for you.
Dump your bags.
Get your bag, Maria.
Yeah, please, for the love of God.
But, yeah, no, I mean, of course I hope that they're super successful long-term and that their game gets 200 million users
and makes $100 million a year
and they can spend half of that on their token
and make it truly a five-figure
or seven, eight-figure worth of token,
you know, tens of millions of valuation
just by virtue of the money they're making.
But more than that,
I hope that my friends who work at Fableborn
that have worked really, really hard over the last few years
are able to personally enrich themselves
throughout the course of this experience.
Is Tony checking in live from Disneyland?
That's the only thing I should wait for that.
I'm at the airport with Dub, man.
I'm just on different headphones.
I don't know why my connection to headphones
are always so much worse than Dub's.
Why the fuck are they playing that music that loud?
Oh, you know what?
We're in a Cuban restaurant,
and so I think it's actually like...
Oh, they cheer, man.
Yeah, I think it's like Ricky from the Cabana Club.
Some airports have DJs now.
I was in an airport,
and they had legit like a DJ.
Yo, Matt, there you go.
There's the next phase of your career, man.
There's a bunch of really angry people who had wanted nothing to do with Yo, Matt, there you go. There's the next phase of your career, man. There's like really angry people
who had wanted nothing to do with that
because they just wanted to fly.
Catch Matt at your local Olive Garden.
Come on, baby, let's run it up.
When you hear your family
and you can take substances
with your garlic bread.
Chuck, I'm going to you,
the retirement knock.
He's still got it.
Hasn't slept in seven days
still got it fucking from the rafters uh yeah i don't i don't know man i think
it's funny how jaded i am at this point just the second a gaming coin does well i'm like
it's fucking crime what are they doing behind the scenes you know like like nothing nothing can
be going up into the right without there just being a serious amount of crime happening
it just uh and you know i think like i'm gonna echo exactly what tony said which is
you know echoing jordan and jonah which is like i think there's a lot of truth to what both of them
said there's you know this isn't even just a
crypto thing this has existed in stocks for forever with penny stocks and low-cap stocks they've you
know fucking uh you know private equity firms and jp morgan and goldman sachs like market making and
trading and you know creating valuations around equities, something that's always existed. Crypto is just a tremendous amount, less volume and way less regulatory hurdles and a 24-7,
you know, trading activity.
So, and just way more markets.
I think it's just something that's also very different.
It's just, there's, you know, hundreds of exchanges and hundreds of DEXs.
And so you just get so much more.
You're saying it's impossible, right?
All those things are
why nobody ever does it here because it's impossible right it's it's just wild I don't
know I just think it's like uh I don't know I think I'm just like a little depressed at the
end of this I've been in crypto for so long and I think I was very morally excited about the changes
that were gonna you know come with crypto and i think i had a you know i
think i was snuffing yeah sniffing the crypto glue just thinking all high on this change in the world
and kind of seeing where it's devolved to at this point i think it's like a little
little depressing i think it is just a lot of crime it's a lot of the same stuff i don't think
we're really making anything a lot better at this point but uh are you saying one of the gaming's
dead i just want to hear you say it no because i because i don't i don't know what that means honestly like i don't even
like you know you know charlotte angers web3 gaming you know i just want to hear you say it i
i want i want all these motherfucking web3 gaming kols whatever that means because they don't really
have influence i want to hear them all say jonah was right that's
all i want to hear then i'll stop jonah are you are you looking in the mirror and touching yourself
while you say yeah 100 it's the satisfaction of having than there have ever been it's the
satisfaction of having everyone who's like yp or jesus move out of their five thousand dollar miami
apartment when i said that this shit was going to zero and they told me i was an idiot that's all i want to know i feel like jonah game people to admit web through gaming
is dead is the same thing as like that that guy in science of the lambs saying it puts the lotion
on its skin it's the same vibe um but no i just think uh yeah i i'm excited for the team i just
hope i think it was a really smart pivot by fableborn to go from kind of just a hyper-casual game and actually pursue this as like a protocol and a reward system.
Because it is something that actually does really suck in Web 2.
Like rewarding gamers and building a system for rewarding engagement is something that's awful.
and that's it's hard for me to say like web 3 gaming will ever die mainly for the fact that
if you've ever tried to build reward systems or incentivize or pay out creators on scale
or paying people globally it fucking sucks in web 2 web 2 rails are awful for those things and it's
something that gaming can excel at if it's on chain uh i think there's still a lot of hurdles
because on ramping is still a pain in the ass.
Off-ramping is a pain in the ass, which is insane.
I'm excited to give you a demo of that product next week
when we announce it.
We gave a demo to Ruto this morning for that.
I don't know what that's for.
Coinbase is going to roll out.
Coinbase is building a Privy competitor
and it already has those solutions.
Oh, yeah.
Yeah, we have them on Remix. Yeah, so that's what I'm saying. I competitor, and it already has those solutions. Oh, yeah. Yeah, we have on Remix, I think.
Yeah, so that's what I'm saying.
I don't think it's a big deal.
These aren't issues, really.
Yeah, but I guess I'm excited for what's happening.
I think it's really nice to see coins just not fall through the floor.
I think it's super nice to actually see things go up.
Because I do think, yeah, like Jonah said, a lot of stuff is vibes.
And I think people need to not be afraid to invest and speculate on stuff and i think there's a ton
of fear right now i think like last week was like the most scared i've been in crypto in a long time
because i feel like the macro economy looks pretty scary right now too and i was like i don't know it
felt like something was gonna break and thankfully nothing broke this last week so it's really nice to see teams win I hope it lasts um but I'm still
cautiously optimistic because it's been a rough year cautiously optimistic I think perfectly
encapsulates uh most of us right now knock I'm going to you. What's the good and the bad that you're seeing out of these three TGEs seemingly performing quite well, Fableborn chief among them?
Yeah, I mean, I think the good is it came from three very different teams with very different strategies about how they were going to approach this TGE.
I think on the Fableborn side, going USDC with the combination of the power token was really
interesting. It was an artificial way to alleviate some of the sell pressure on rewards from some of
their farmers over the course of the last couple of years. And I think that that was pretty cool.
I sent a text to Cam and Maria and to TCAF, and their response basically unanimously across the
board was, we appreciate the support, but this is day one and i really like that mentality
this is you know the token is out that's great now we need we have a live service product that
we have to manage and hopefully not completely fucking collapse and they're aware of that that's
something that they're approaching with that intention and i think they're going to do a good
job of it on the side of fishing frenzy i think you saw a team for a couple of years ran a really
interesting farming strategy.
They're one of the very few teams, I think, besides them, it's just Pixels,
who has implemented ERC-20C, which is the more controlled version of an ERC-20 token
that Limit Break has put out earlier this year.
I think it'll be interesting to sort of watch that play out over the next little while.
That token, by design, can have a lot more restrictions on the way that it's used and how it's cashed out and what sell pressure might look like.
So I think it might perform well.
But the good takeaway is three different teams with three very different approaches all having success with the launch.
The bad is exactly like actually exactly what Jonah mentioned earlier today on a tweet where he said, you know, this is great.
It's awesome to see. You want to see teams succeed. But unfortunately, none of it really matters unless investment dollars come back into the space and give other teams an opportunity to do the and do well over an extended timeline, because if they do, to Jonah's point, you might see some of that investment dollar come back in.
And if they don't, and this is another token that eventually just hits a peak and goes
straight into the dirt just on an extended timeline, you're going to have more investor
apprehension.
Fewer people are going to come to deploy capital in the space.
And I think ultimately, you just back exactly where we were prior to these token launches.
I think it's a good thing, something that you should be optimistic about,
something that you should be excited about, but cautiously so.
This is not a turnaround for Web3 Gaming.
I think that this is just three exceptions that happened to hit
in relatively quick succession.
And I don't envision this being something that is replicable
in the same way that it was in 22 or 23, where gaming was hot, so every gaming token is going to do well.
I don't believe that that is the case at all.
All of these teams have been around for at the very least 18 months, and I think you're
going to see more pain from tokens launching from games in the short term.
But you want to see these ones do well to hopefully change the tune from investors bringing
dollars back into the space.
Yeah, the cadence is borderline shocking, right?
Dub said, oh, it's like you don't even listen to your own show.
We always say 99 are going to fail.
Brother, 99 failing and then three home runs back to back to back is fucking wild.
Still, statistically, it's surreal, right?
Well, that's not a home run right like yeah
they had token success but now that needs to sustain and now they need player like all that
shit i mean for me all we've seen all we've seen is stuff go down 60 percent uh a fucking if it if
it stays neutral it's a home run right now i mean where's your standard at? I mean, this is Web3 gaming, not Web3 is the last thing I'll say to that.
Let's go to IC, then we'll tag in Buxton.
Yeah, I love Nox take, and I appreciate him dissecting each of the projects.
It is a win, and it's a win that is needed and is like a silver lining on what's been a challenging, some would say, dark year.
And to Nock's point, these are three really great teams, all taking a different approach, and with great games.
So I do want to highlight that, But I want to reiterate Jordan's point,
because this is what I was going to end with. If they are working, if they prove to work over the
next 30, 60, 180 days, we really need to do more of a deep dive and a case study. I disagree with
Jonah on this. I think we need to study this stuff and understand why they're working and what can be learned and applied to other games and ecosystems.
Because, you know, my good friend Sam posted on the timeline today about wanting to save Web3 Gaming.
And I deeply want to save Web3 Gaming.
And we need to work together to find models.
Because just because these are great games and teams does not mean that
they're going to be great tokens and great token designs. Uh, so, and that's still the, the, the
big issue that we haven't cracked in web three gaming, I would say. So, uh, we're off to a great
start with these three, three, um, shots at bat or shots on goal. And I wish them the best. I'm a
super big fan of all three of these teams and games.
They're absolutely beautiful.
I hope that a month from now,
the token is still going up
and that we can seriously take a look at why
and learn those lessons.
Yeah, I'm a big fan of Fableborn especially.
I will say though,
it is important to note that this is not necessarily just the Fableborn especially. I will say, though, it is important to note that
this is not necessarily just the Fableborn
token, right? It's the whole power protocol
and there's actually a really
grandiose
vision for what that'll be.
So, I see, what is it that you
always say? It's like you either die a game
or live long enough to become an infrastructure
or something like that, which I think is
sort of playing out here again. Matthew Buxton over to you.
Why these things survived. Bitcraft invested 2.5 million into Cambria again, and
Fableborn still had money and fishing frenzy is as deep journey as it gets. It's money.
It's money at the end of the day. need money to protect your launch you need money to get the volume box you need money to sort all of those things out now i mean as much
as i i think and i respect this was the most effort for everyone to do it and no knocks on any of these
people like people born out of those three is the only game that i would play if you weren't paying
me um that's that i would not play fishing frenzy
unless you paid me i wouldn't play cambria unless you paid me to play that game um and even then
still be terrible but i think for me i'm not so much interested in the token side of it
or like even to this point like what they do eventually with the nfts and i looked at the
power stuff and i'm like i've seen before, it's a rerun of what
you got when you get these white papers and these visions.
It's kind of what we're doing as well.
I was naturally like, when you put two cats together, they're like, but it's a noble vision.
It's really, really good.
But they're right in saying it is day one,
like that game needs improvement.
It is a good game.
But games like that in that niche
should be hitting $200,000 a day in income, in revenue,
if they're hitting that niche and hitting it well.
I believe they could get there.
They have a good enough team to it.
The best thing is they have money to do that, right?
If they have the
money and the moat to make that game and more of those games in that style and not spend it on like
eight different games but just improve the living shit out of that game until eventually it crawls
up there to like brawl styles was in was in soft launch for two years man and that game was
when it came out but it was just just good enough
that it was worth putting money into it was just good enough and the community manager actually
saved that game so it's a rare example of like the kind of way that web3 games get built actually
turning out into a multi-billion dollar product over time so i believe that every game it will
go up every peak and it will drop that happens
every single game now if that happens too much to their token and i don't know the unlock schedule
i didn't even look into any of that stuff it could be disastrous but if they have the money
to build a true million dollar a day game or at least 300k a day game and then they continually
support that token and their nft system throughout the
life of that studio it's a fantastic start for that studio if they are committed to it i mean
by all means they they get to cash out now like if you're supercell if you're someone building in
the web 2 thing you have another nine years before you can actually cash out and that's the difference
like when we're building for nine years before they cash out.
When I was at MAG Interactive,
they listed on the Fox Home Exchange,
these motherfuckers,
these 50-year-old men
hanging onto that bell
and ringing that thing.
And they would look like
they were almost coming in their pants
because they had been doing that for 10 years.
Only in crypto can you get that in like two years.
But yeah, so that's my point.
Yeah, fair point to cross the board.
Jonas, I saw you had the hand up too.
Let's go to you and then I'm going to move on from this one.
Yeah.
I'm looking at it from a trader perspective.
Market cap isn't too high.
The FDV is 291, but market cap is't too high the fdv is 291 but market cap is 61 million the problem uh the
double is short is in a bear market it's the best time to launch games because of the other casinos
have already murdered people the the other side that's tough with this trade is do I think that this trade can 3x and be worth like half a billion dollars or 4x?
You know, I never heard anyone say one thing they actually like about the game on the stage.
Did anyone play this game?
Fableborn?
Yeah, who here has played it this current season?
Name one thing you guys like about the game.
I'm like top 300 whenever I have time to spend all my energy and shit.
It just refreshes too fast, so I keep falling out.
The new hero is okay.
Not my favorite of the four, but I think the map design got better.
They have this big kingdom thing that's kind of like Clash of Clans.
I always hate the 4X stuff, but I do think it's going to bode well for them.
Monetization is a little too aggressive,
but it always is in mobile gaming,
so I think they're probably doing well there.
I'm not hearing half a billion here.
What I'm hearing is an overanalyzation.
I don't hear vibes.
All I need to hear is this game fucking rocks.
I got my friend in this game.
My wife and I play this game.
I play this game while I'm shitting on the toilet i don't hear a single thing about that here why would i buy this at this
price yeah i mean i kind of agree with jonah i do agree with jonah tell me tell me good things about
it you didn't say you're playing on the toilet though you're You're fucked. I play Kingdom Match
wherever the fuck while I'm shitting,
and my shit times have increased by like
20 minutes because I forget that I'm taking a shit.
How many... What's your
LTV in that game? Jonah's completely right
that this is the bar
for a game to succeed, and our
entire industry has always pretended
that the bar is how does it stack
up against other games in our
industry and the bar has always been are people spending twice as long in the bathroom or taking
the bus and sitting in traffic instead of taking the subway like i used to with hearthstone going
back from work is that what they're doing to play your game if not it's not going to succeed at the
financial level needed to justify the money i mean not not started the space not started the space which is here's
the new min max for tft i didn't hear anyone that we're this is the fucking gaming show like
that you guys are the fucking i wouldn't say jim kramer that's unfair you are the 60 minutes of
web3 gaming no one started this entire space with look at that fable board that game is hot everyone started
with so yeah uh how was your week our battle was pretty good huh like no one like we gotta stop
bullshitting and if you also i started my intro saying i'm playing three games at the same time
well yeah no you did which is good it's also been a right? This is season four and I think it's a lot
it's a lot more of a redundant point
whenever it's like
hey, that game that
for the last three seasons
we were like, it's pretty good
is still pretty good
and there's some new stuff in it now.
But this is why I said
I can't trade this at
I can't trade this at current market cap.
That's fair.
That's fair.
Because like
a game that should be worth
half a billion
has either one of two things you can
right because right now we're mid-curving it either the analytics prove that this game is hot
as fuck or there is an emotional feeling we get about this game where the metrics do not matter
because the game itself has potential neither of those things are hitting the mark and it's like
oh hopefully this works out huh and then forget. Then we go by our greater.
When did Jonah become a reasonable
fucking person that we have to listen to?
He's always been a reasonable person.
This is incredible. No, no, no, no, no, George.
He's just gotten better.
No, no, no, no, no. I've been here long enough to know.
And I love Jonah. He knows I love him.
And he was not always a reasonable person.
I got investors in my company and
I would be in trouble if I made fun of people.
It's fair. Okay, okay.
I love Jonah. Jonah knows I love him. Sad he didn't come hang out with me because he doesn't
like me as much as i like him but that was incredible i do like you i just don't like
the traffic between the miami dalton stadium and i-95 it's okay it's okay whatever the other thing
that i do i do think is important to reiterate again is this is not called the fable born token
it's called the power token for the Power protocol.
Yeah, that's all just bullshit we tell lawyers.
We all know it's about the game.
Like, we all know this is the...
Like, no one actually gives a fuck about in-game rewards for players.
Like, you want in-game rewards for players?
Go make a Twitch account and go stream.
There's your in-game reward.
Or you want to...
Or go make a TikTok video and join one of the UGC platforms.
Or, you know, there's so many ways to make money.
Or do what Planet X is doing.
Build it inside the fucking game.
At least that's fucking cool.
Okay, that's fucking cool shit.
I can teabag someone and get a PS5?
I can market that.
I can't market what Paypal Born's doing yet.
I see the hand up.
Over to you.
I want to make a waifu sweeper joke because i know jonah's into waifus um and to tie it back to web3 gaming but i mean i like at my core like i i recognize
the value in what jonah is saying because like we've all been ranting and raving or most of us have been ranting and raving about arc raiders for the past month and that is that idea of a game-changing game that takes over the world
is the idea that inspired me to become a gaming creator and dedicate my life to crypto gaming
uh and that's ultimately what i'm here for like i want to be a part of that crypto game that
changes everything and inspires the world and you know we got a glimpse of that with axi infinity
that's like literally kicked off the entire space and play to earn unfortunately it wasn't
sustainable but like we've all been more or less chasing that high ever since.
And that's why Fableborn doing well, at least on the token side right now, is exciting.
Because I agree with Jonah.
It's early.
We're judging it far too... I see.
If 1.2K holders are driving $84 million in daily volume, Supercell would acquire this company faster than we could blink.
No, of course. Of course. But this also isn't a trading show right like we're not saying like oh it's doing well so this is a buy here uh no no but we are crypto gaming is inherently
trading based you have to see it from both angles if you want to take it seriously i think that's
fair for me how i look at it like this initial win is a signal that maybe there's product market fit
maybe there's something that's working here again it's way too early to tell like it's far too early
i'm super excited about what the power protocol is attempting to do but i was also really excited
about what infinigods wanted to do with their infra and their ecosystem.
And unfortunately, as much as I love them, that game, that team,
that didn't work out well.
So I will not be surprised if these tokens are down a month from now.
But we are here to kind of dissect what is working,
what can work, what could work, because want to get to you know that game-changing
game that game-changing uh you know tokenomic model and you know i think there's a ton of value
in having these conversations beyond just like the vibes of the game before i lose my because i
have add i don't hantau you don't have to respond because i don't want you to die but i had this
crazy idea for the mochis what if they fuck what if like because i can't want you to die. But I had this crazy idea for the Mokis.
What if they fuck?
What if, like, because I can't.
What if they fuck?
Yeah, that too.
That would be great.
But my idea is what if the game is being played for me,
and then my Moki texts me on my phone.
It's like, hey, loser, I just got you five bucks.
Here you go.
Here's your Chipotle money.
Like, what if the game is played via text message and then it gives you a link to say, here's a replay of how I beat your friend, you know, Icy. I think that'd be really funny. All right, we're losing the plot
a little bit. Hands out. Go to you then to Slayer, then we're going to move on. Yeah, I'm not really
into furries, so you guys do whatever you need to do big economy by the way yeah they do
have a lot of money though but uh personally just uh not a furry i think the biggest issue here is
like we're celebrating short-term success but But at the end of the day,
if we want this industry to actually succeed,
like there has to be more funding in the space. And from what I'm seeing right now,
it's like, it's not happening.
And even with this success case,
like we might not see future funding coming in.
And at the end of the day, it's just like,
hey, we have a success case,
but for this entire industry to actually succeed,
we need more money.
Yeah, absolutely.
I would say, though, this is the precursor to more money coming in right is a
success or hopefully a few success cases so while it might be premature you need the ai meta to die
first do you need the ai meta to die hard first it's not going to happen yeah because ai is
sucking all the money and attention out of the room. On that note Slayer, go ahead.
Yeah, I think, I mean, like, that's the thing.
It's like, these are good steps because you needed,
it's helpful to have something
that makes people feel a little better
from just a down only sentiment.
So it helps, but it's not enough in itself
to fix all that, right?
You have a big overhang, even if these do well,
does it do well enough to convince people
who are finding other sectors more
sexy to come invest here? The one thing point I wanted to make
also is just like, I agree that for long term success for
sustainable success, we want to see these games compete to a
point where people are talking about it the same way they talk
about their favorite web two games. The one thing that I want
to point out, because I think it's a game that I have played
more than some of the people here is with Cambria in the first season. It's the only Web3 game that's ever made me dream
about it because they built really good dopamine like funnels into everything about the experience.
And even like we're on day three and it's like I felt bad I was traveling on day one. I literally
logged into a lounge from the airport just to like get on for an hour i'm like i like went out of my way in my life do this and i have people in my guild who again are
like 48 hours i slept three hours like don't want to go to bed need to keep grinding so i think
there is you know there are things that are starting to get those kind of signals in this space
hey we love to hear that uh well let's move on to a topic that we might.
Yo, can I ask a quick question, Sam?
Sorry, I have my hand up, but I don't know if it's showing up.
Oh, no, it's not.
Oh, Twitter.
First of all, Hantel, I hope you're doing well, bud.
You sound the way that I feel on the inside, so I relate.
But I was just wondering, like, I feel like obviously a year or two ago, there was a lot of potential in games that were smoke and mirrors and bought it and whatever, because there was just a lot of money in the space.
And everyone that, even like me, that sort of dabbles in everything, gaming was the most fun and most exciting.
Everyone was here.
All my friends were curious about what was going on.
And now that it's not, it's very PvP and it's hard.
The only real game that has a shot
it has to to reach web 2 people right like if it's just in the web 3 space it's gonna have a moment
maybe it could stay up for a week or a month or whatever but it just doesn't seem like there's
the volume and the part two to that question is there's been a few other ones too that we've
talked about and then i feel like by the next week or two later it's like we never even hear of them again like even pudgy party i a month ago or whatever it was like pudgy party
is number one it's breaking records it's doing numbers and i i just haven't followed up and stuff
but like is pudgy party doing well do we think any of these things are sustainable i mean they're
probably the closest to like being able to bridge the web 2 web 3 gap yet but i'm just kind of wondering because
i feel like there's so much hype and then it could be like by next week we're not even talking about
fableborn and it never existed i'm just wondering where people's thoughts are at i think that's
because it's token based though like because pudgy party was cool but like it didn't like the pudgy
token didn't move from it and our space is warped like jonah said it's financial right so even if
people might even be playing it but if it's financial right so even if people might
even be playing it but if it's not moving a token they're not going to post about it because doesn't
their viewers and followers don't care either so there's a little part of that at their echo
chamber as well i think the bigger truth is just that stumble guys and eggy party are better but
if i say that everyone's gonna yell at me i think part of it too is a lot of times these games go through
development cycles. They do a form of release and then they kind of retool, they re-up their
performance marketing, they have to do a bunch of things, get it in place, and then maybe three or
four or six months, whatever, they do another giant push with a ton of spend and try to get
a ton of player liquidity in to see if that new iteration has the right hooks to be able to monetize people and sustain from there.
And so maybe this was their first push.
It went really well, and we're just kind of in limbo.
But I do think it's a combination of what Jonah and Slayer said, too, which is if the game ends up not being good enough in order to move a token or other assets,
being good enough in order to move a token or other assets?
Does our space, do these conversations really change
as a result of them just getting a bunch of users?
Probably not, because if so, then we would have seen
Mythical be the talk of the town with NFL rivals for a long time
because they got, what, 8 million users, I think,
sometime earlier this year.
Knock, I'll go to you then, Jonah againah again yeah i'll add one additional piece to that is is the biggest problem
with web3 gaming is that it's becoming and has been incredibly evident that most people have
absolutely no fucking clue how long a game takes to make and in a space where products like i don't
even remember the name of this thing but there's this new product that's going to be launching on MegaEth, where you can click a grid, a grid square, and if the
chart on the one second of the chart moves into that grid, you're earning a multiple of the money
that you've put down, and the further out you go, the more, the higher that multiple, right?
When we're talking about a game, a gamified experience that is taking into account one
second charts, right? you're talking about an
audience who doesn't have the ability to hold anything they so much to the point where they've
literally made a meme out of the word hold because they don't understand what the word hold actually
means in the space so when you're looking at a time frame that takes multiple years for a game
to get out multiple stages of three to four months to six months of just silence much like
fableborn has had in the past you lose people and it's part of the reason why this space is is so
uh there's so many waves of interest in web3 gaming is because it depends on whether or not
those teams are able to push out things that are exciting and most teams take an extended period
of time to get to a stage where the game is playable, where you're excited about the game, where you want to share it with your friends.
IC brings up Ark Raiders. This is a game that started development in 2018. It released just a month ago.
So this is an experience that, yeah, we're all talking about Ark Raiders, but that was a game that started being built almost a decade ago at this point.
The entire industry, from a gaming gaming perspective isn't even that old. So I think part of the problem that you have in Web3 Gaming is it takes a ton of funding.
It takes a ton of interest. You're starting in a much earlier stage. People are misaligned in how
long it takes to actually deliver these games. There's perverse incentives on the side of VCs
because they want a token to go live. So it's part of the reason why you see tokens go live
two years prior to a game being built and games are set up to fail before they even have a chance to release the game.
Most of those games are closing doors before the full game is even completed.
So yeah, it is an absolutely nightmare fuel situation to try and build games in Web3.
If you're going to be successful, it has to come through smaller and tighter development cycles.
It has to look like something like Fableborn, which, by the way, has still taken two years
or three years now at this point
to get to the stage where they're at ready for TGE.
And they're still probably about a year away
from a proper full launch.
I just think the incentives
and what people in the space are looking for
will never properly align
with the realities of building a game in crypto.
And it'll take one or two teams to be successful,
to hopefully bring money back into the space.
And you'll hopefully have enough products
who are in their second or third or fourth year
of development to keep people interested.
But I don't think, to Jonah's point, to Hantel's point,
I don't think that happens anytime in the near future.
You're looking at like a three to five year cycle
before you see the type of funding that we saw in 21 and 22 for games to come back to the space oh wait isn't gta
six going to be all crypto and there's a marketplace and phase banks i'm gonna kill myself
i'm gonna i'm gonna kill myself i'm gonna kill myself that's what they're doing i want to kill
myself yeah we're all gonna get rich then when that drops.
Jonah's investors in shambles.
He's not going to make it to 2026.
Jonah, go ahead.
Yeah.
I think, and I said this a year ago, and people like Jesus were like,
oh, no, it don't make sense.
But you have to understand what does it mean to play a game? And I think
when you can boil down what a game actually is, you can broaden your mindset on what is gaming,
right? Like doing prediction markets is a video game. It's gambling to a degree,
but it's a game. It's two people on opposite sides in a PvP match with an
outcome decided based on their skills
versus knowledge or whatever it is. It is a game.
Okay?
Casinos are games. Now, they're not
games that normal people should play,
but they are games. You have
Sappy Seals making a popular game
on Roblox, okay? Like, they have
a coin, but their game
is not in Web 3 it's in web 2
and they're doing like revenue distribution something related to that there are there are
many ways to define what a game is i think making content is a game okay it's it's literally a
roguelike uh strategy game where every time you post a video you hopefully make it to the next
stage and if you don't you come back with a new item of knowledge and you do it all over again.
There are all sorts of games that you can play because the entire world has become gamified
and you have a bunch of gamified apps that can reach millions of people. And then you have
a game in crypto web three that's like on a screen that's very restrictive and has a token.
I think if gaming comes back to Web3, it's not going to look like the video games that people
here have tried to make, where it's some guy whose last game was made in 2003, and they got
$30 million, and they want to build their passion project, but it has no alignment with anything
regarding crypto or trading or anything of that nature. You want to build their passion project, but it has no alignment with anything regarding crypto
or trading or anything of that nature.
You want to make a passion project,
go make an indie game and get on Steam Next Fest.
Buxton, going to you for the last word,
then we really are going to move on this time.
Quite a different topic,
but you must have all seen it on your timelines,
interspersed that probably the only
legitimate ad is for a game where you have a group of soldiers and you put them between a plus and
minus and you shoot bad guys do you know how much money that that made last month any guesses any
guesses on the revenue of this tiny shitty game it made 110 million fucking dollars. I'm not waiting.
What game is it?
Last War Survival.
Oh, yeah.
That's because, yeah.
But the amount of ads they spend, holy shit,
has to be like 20 million a month.
It's probably more like four million a day.
It's not 20 million a month.
It's far more than that.
I can tell you that because I was spending 300,000 a day
on a nine-year-old game.
Angry Birds, they spend a lot of money on ads.
They make that money back, and they made 110 million in a fucking month
with a game that you could vibe code in about three hours.
This is a skill issue.
This has always been a skill issue.
This has always been funding the wrong people to build the right things slowly
or the wrong things
never um and this is because this space had been basically built like a fucking renaissance fair
laughing at what this industry actually can do you can make a simple casual game go to 110 million
and on there we've got roblox it's above roblox in monthly earnings it's above monopoly go white house survival royal match honor of kings candy crush king shot like king shot is
a new one like that game didn't exist on those charts and it is happily usurping i love those
ads they're such good ads you know and that's like king shot is on at least 64 million candy crush 12 years 15 years god knows
it's 77 million like when you make real money with games like 99 of the shit that goes on here
is laughable because that game could have been made with the same amount of money if not less
if it didn't have a token and and it will probably be wildly successful.
Why are we doing it for this?
There's two reasons.
You can cash out as founders early before you have to spend 10 years
building up a company and getting someone to buy it.
Or you actually believe that this overall would be a multiplier
on that 110 million, right?
And that's the only reason why you've been in this space.
If you believe you can actually make the game more successful, stickier and do that. on that 110 million right and that's the only reason why you've been in this space
if you believe you can actually make the game more successful stickier and do that and that
is exactly what i believe i believe that multiple of these games sharing those users lowering costs
over time could this um but you know until we have a game that's making 110 million a month
we are nowhere close to there and everyone else who said the money needs to come in is right.
People need to really fucking understand
what the actual target is here
to get a casual game that you can make in two weeks with your bros
to $110 million a month.
And that's where I'm going to leave that little rant.
Yeah, it's a good one.
Okay, let's move on to something that we might be able to
universally agree on. ZachXBT earlier today announced a $5,000 bounty to whoever can scrape
all of Kaido, Yaps, WallChain, Galaxy, Layer 3, Cookie, and Zete users. $5,000 bounty for each.
So he's actually putting 30k on the line to figure out
who exactly is on these platforms. He wants the username, user ID, on-chain address,
score slash points, et cetera. The question that I have for this panel is any predictions on what
it is that he's trying to stitch together or what he might be seeing about these InfoFi leaderboards
that has him a little bit skeptical because i find this to be
one of the first sort of like actual outward attempts at maybe discrediting crediting them
besides just being like oh yaps are dumb uh matthew buxton with the hand up i'm just gonna say
probably just gonna block everyone because that's what we're doing in the comments i think that
would just be the simplest thing look i i logged on to kaito before i knew
what is what it was found out what it was insulted them and never have been able to score a yap
and it'd be hilarious to be blocked by zach xbt and so i'm keen to see how this play that
dub the king of arbitrum yaps go ahead yeah i mean i cheated on kaido arbitrum yaps i
go ahead yeah i mean i cheated on kaido arbitrum the apps i just had an equation i was like okay
i'm gonna pay some you know people to bump impressions and if that's more than my returns
on kaido arbitrum then i'm goaded and it worked i stopped doing it but i imagine that that is at a
larger scale and way worse here and everything has a cabal at the end of the day and there's
definitely some cabal here so that's what zack xbt must be uh figuring out
just log on to apcollective.com it's like not hard to figure this out
knock over to you well dub earning so many yaps makes way more fucking sense now uh i appreciate
the insight there uh that was a mystery that i think a lot of us were trying to solve and
dub just kind of gave us the insight peeled back the curtain a little bit he still couldn't beat
me and i didn't pay a dime it's true dude that's why i quit dead gonna leave him alone um but no
i think some combination of what buxton said because that is the funniest outcome
so i choose to believe that that is the outcome here he is literally about to spend 30k to just
mass block everybody who's participated in any sort of social farm i think that that would be
incredible but i think the real look here is exactly what dub just said right he has some
story that he wants to prove out and i think in order to prove that out he's got to put together
the connection between accounts and users and wallets on the back wants to prove out. And I think in order to prove that out, he's got to put together the connection between
accounts and users and wallets
on the back end to prove connections between
social accounts, etc, etc. I think
he's working on a story that
should do a lot of damage.
I'm going on a trip in my
little rocket ship to Nigeria
and the Philippines.
Here's my question.
What would he have to show in order for the marketing budgets that people are just yeeting into Kaido and Zeep?
And to take those and be like, you know what?
I am going to do the work again of reaching out to different creators or getting creative like actually being a marketing
professional instead of just being like here's a million dollars i don't have to think about this
anymore which is the stat the status that we currently are in knock you put the hand back up
i actually think it would take uh something pretty damning on the side of those those particular
products and the institutions themselves for any sort of spend to be affected. I think what you're realistically
looking at is he wants to prove and connect wallets to social accounts. And one of the ways to do that,
especially on something like Kaido or Z, where many people just connect their social accounts
so that they can earn those points and then use a wallet that is a secondary or tertiary wallet.
If I had to make a guess, he is trying to connect those two, three, four layers
of obfuscation via wallets to individual social profiles, in which case nothing really changes
from the side of the platforms and the spend. All that you're really going to get out of that
is proving out that somebody connected to a particular set of wallets is doing something
shady. I actually think that this is probably less about shady business being dealt on those
platforms and more about using those platforms to prove out that certain, you know, crypto
KOLs are doing really shady things.
And the way to do that is to connect them to any wallet of any kind.
Dub, go ahead.
I lost the mute button.
There's two plates in front of me.
And two options in front of me, too.
Basically, I think if we see him point out that a group of 100 to 1,000 people are the
succubus that's ultimately profiteering from this entire thing, then we'll see these companies
wisen up.
But on the other flip, which we know better, is that no one's ever going to wise up and
that ZACXVT is actually just figuring out all of these addresses now because it's actually
very bullish for the market because he knows these are the only people that are left.
The market's about to grow and the ones that are
bound to commit crime in the next bull run are the guys who are around in the bear market today.
You think he's spending 30 grand for that though? I don't know, man. Jonah?
Yeah, I don't know what he's spending 30 grand on, but if he wanted a $10 million a year job,
he could probably get it, to be honest.
He is that valuable in terms of an on-chain sleuth.
And there are companies that make billions a year.
Also, maybe like the CIA and the NSA, where they would really want his help in a number of ways.
But the better question for me was, will people stop using these apps? Absolutely not.
If you understand how this business works, you will understand that they're not paying for
authentic engagement. They're paying to manipulate the algorithm. So the way this works,
like this is just like how every company does this, is you pay a flat fee in a prize pool
to fool the algorithm into a lot of things happening at once related to your entity.
And then you pay an additional fee to someone like an Ansem or like a whatever, one of these bigger guys.
And then it's like you'd call like impression confirmation.
So what you do is you kind of mix.
It's like I call it impression laundering
is the best way to explain it.
Is you take some real engagement,
you mix it with a lot of fake engagement
to try and fool the AI into believing
that this is a genuine breaking news story
so you can get this in front of everyone on Twitter.
Consistently.
This is like pretty much how you do it.
And there's no law against it.
Like I'm not calling anyone a criminal.
Game is game, really, to be honest. These exploits,
you can find them on any app. But that's the current meta.
And until the Grok AI can detect that, you're going to keep having this.
Impression laundering is a great term for it.
Icy, I saw your hand go up briefly, and then Twitter, I think, took it down.
No, I just dropped my hand out because I don't know if this is valuable to say.
I'm not really adding to the conversation, but I will share.
I'm not interested in InfoFi. I never really have been.
And for people who might be listening, if you're not into InfoFi, you don't have to be either.
might be listening, like, if you're not into InfoFi, you don't have to be either. It's perfectly fine
to not care about these stories. And I don't say that disrespectfully to you, Sam. Like, I love
that we're talking about the topic, because I do think ZachXBT is, like, the Batman hero that we
need in crypto. And he does really fantastic work. he has four years and i have massive amounts of
respect for him so like to me info 5 kind of sucks and if he's gonna work to expose it and
clean it up then that's great and good for the space um that's what we're trying to do in gaming
and and focus on building um and that's where i try to like put a lot of my energy and
that's why info fi never felt great to me um and it just never like was that interesting i'd rather
spend my time you know on things that i think are gonna gonna move the needle in the positive way
knock over to you brother guys part of the reason why zach is so good at what he does is because he
thinks differently than everybody else all of these companies have spent the last what year
and millions if not hundreds of millions of dollars trying to acquire and try to get people
to connect their social accounts and a wallet or in some cases multiple wallets to each of these
platforms he's going to pay 30K if these bounties actually
work to have all of that data. He's going to cross-reference that data and he's going to make
maps of wallets connected to certain social profiles. And in the future, when something
happens, he can go back and cross-reference that list and he's going to expedite his ability to
report on any story, on any crime that happens within the space, because he's paid $30,000 for
every single account who willingly connected a social account and a wallet address to SocialFi.
This isn't about exposing SocialFi. This isn't about some crime that's happening under the hood.
It's not about breaking out the cabal. It's about doing something now that proactively will set him
up to do his job, which is reporting on on-chain crime in a
way more efficient manner. Guys, think about it. If you're somebody like me who's connected
different wallets to different, you know, social platforms like this, you're now going to have
three or four or five data points on NOC. And if you look into where I've been transacting and what
those wallets look like and which wallets are interacting to each other, you can probably then extrapolate another two or three or four wallets just on my
profile alone from the social sites that I've connected. Some of these users are trading with
hundreds of wallets. If he can build some sort of map that allows him to cross-reference in the
future, his stories will get out faster. He's going to be able to identify what's going on a lot
quicker. This is somebody who's just smart. And for 30K, the amount of data. He's going to be able to identify what's going on a lot quicker. This is somebody who's just smart.
And for 30K, the amount of data that he's going to be able to extract from this is priceless.
I think it's genius.
And then he can finally be the KOL of KOLs.
Make all that money back.
That's actually a good breakdown, Nock.
Good breakdown, Nock. Let's go to Hands Out.
Let's go to hands out.
So my question was actually for Nock.
So my question was actually for Nock.
What kind of crime is he trying to prevent from people just yapping?
No, no, no. Don't get this wrong.
I'm not saying he's trying to prevent any crime today.
What I'm saying is he is trying to create a social graph.
If I had to make a bet, if I was a betting man, which I absolutely am,
I would bet that he is trying to create his own social graph with the connections of wallets
to specific KOLs on Twitter. It's not about anything that has happened now. It's not about
anything that's happened six months ago. It's something that might happen six months in the
future. And the idea here is, can I connect 20 wallets to Hontau? If the answer to that is yes,
then I might be able to find one or two wallets that are also connected to Jonah, and I can understand what is happening in the next pump and dump crypto
scheme, in some sort of on-chain crime. The idea is about building information today so that you
can solve those problems later. It's exactly, to Jonah's point, I know he was maybe a little
tongue-in-cheek, but the exact sort of thing that the CIA does with points of interest, right?
Gather as much information about as many people who are here in the bear,
because to Dub's point, the people who are likely to commit on-chain crime,
if a market turns, are the people who are here today in the bear.
It's not about solving something that has happened from Yaps.
I went to make this comment, and then I realized I was on the stage,
and I could just say it.
I love what Doc was saying.
It reminds me, like, Zach's going to be the Tom Cruise in Minority Report, just, like, predicting future crime.
Let's go.
I'm here for it.
Just want him to make a list with a really embarrassing name and add all of those people to the list.
That would be enough for me.
I think that would be hilarious.
I don't know the sad oh my
god i'm such a negative person but let me tell you the truth no one's gonna give a fuck if you're on
a list no at all funny jones on a bunch of lists that's why not listen if we can't get the epstein
list nobody gives a fuck about any list okay i was talking about the X list where you get a stupid name.
You've been added to stupid...
The best event at Miami was from a guy named Wizard of Soho
who's been on so many lists for crypto-related pump and dump crime.
Nobody gives a fuck.
And you know what?
I don't give a fuck either.
I'd go to his event and I'll enjoy the fuck out of it.
No one cares crime is legal until the people at the very top decide to change it and until then
just enjoy the ride man i miss the jonah from two years ago when he was calling out all the crime
all the bullshits like this is not gonna work guys you don't you don't like stripper jokes
i love stripper jokes i am glad that i've been here for no i see if he doesn't like the stripper jokes. I am glad that I've been here for Joe. No, it's not the Ice-T.
If he doesn't like the stripper joke version of you.
I realized that it's not worth fighting something
that it would take the power of a million people to fight.
And it's better to just fight for your family
and the people who believe in you.
And that's enough.
Wow, very esoteric.
I want to see if we can squeeze in one more topic.
I have a feeling the takes on this one won't be too long,
just because it's not really in the pocket of what we typically talk about.
But I also want to hear from my big bro on this one.
Is decentralized social media dead?
Farkaster, a decentralized social media platform on base,
announced a major pivot,
effectively admitting that Farkaster did not find product market fit.
They plan to introduce a suite of wallet features in an attempt to capture users.
For anybody that doesn't know, Farcaster primarily, I would say, is a competitor to X, trying to be a decentralized social media where you can do things inside of frames. So that was actually where Farcade, or Remix, formerly Farcade, got its start
because it was play games inside of frames and then eventually evolved into the app that we know
today. In essence, they're taking a come for the tool, stay for the network approach, as DeFi
Ignace put it, with news of the death and wind down of Lens as well, a similar protocol on ZK Sync.
Does this kind of end the decentralized social media approach?
Was there something either of these platforms could have done?
They were talking about also how the network effect
of the current pre-existing social media
is just kind of make it impossible.
But then we still see things like, you know,
Pump and Zora trying to break into streaming.
Does this bode poorly for them in the future?
Nak, I'll go to you first, and then Slayer.
Yeah, we talked about this a lot,
but who asked for this, right?
Like, look, we're talking about X,
a place where most KOLs,
if you go into their comments,
they are actively engaging with things
that they literally know are bots.
They do not care about the fact
that X was sold to Elon Musk,
and then it was sold for $44 billion to his own company just so that they could then take it off the market entirely and pretend that it's still worth $44 billion.
Nobody gave a shit.
Nobody cares that it's centralized.
People care about the social interactions on a particular platform.
They want to be where their friends are.
And the problem that any competition to the incumbents have is all of their friends,
all of their prospective users' friends are on some other platform. Unless you find a way
to bring all of their friends or to incentivize most of their friends, you're always going to
run into this problem. And I think in the case of something like Farcaster, you're building a
product for something that really wasn't required. It wasn't needed. People saw it as a crypto native X.
The only real competitor to the X
that has come up over the course of the last decade
was Blue Sky.
And that's not really a competitor.
It's like more of a niche thing, right?
But it's the only thing that is actively used.
And I think the idea here that you can compete
with the incumbent on this scale
was dumb to begin with.
And on the side of of social platforms in general,
people don't care about it being decentralized.
RSS feeds before Twitter were decentralized social platforms.
You can pull in information from a bunch of places
and eventually people stopped using it
because all of the platform was on X anyway.
So I think when you're looking at something like this,
users don't care about decentralization.
When you make concessions in the product and the way that the product can grow because you need to honor decentralization,
you're handicapping yourself in a situation when you already only have one foot to stand on and one arm to use.
You're taking the other foot and arm just because you want to be a decentralized first version of that thing.
It just didn't make sense to me.
It's unfortunate it didn't
work out because I think things like frames were pretty interesting. It, I believe, you know,
forced Twitter's hand to try and implement something similar. That's now died. But I think
largely competition is a good thing, but in the social space is incredibly difficult to take on
the incumbent. We've literally seen Microsoft fail to do it when you're talking about taking on Twitch
and taking on Google.
They were unable to do it.
They were unable to compete.
It makes no sense that a company
who raised $180 million
was going to be able to compete with a company
who just recently sold for $44 billion.
Great takes.
Let's go to Slayer, then to Matt.
Yeah, so we talk about Web3 gaming being hard,
but social networks are notoriously hard because the main thing a social network needs to be successful is scale.
So like Nox said, anything that affects that or hurts your changes at scale are just going to make it infinitely harder for you in the first place.
And to his point, right.
There was there was a nice story about Fartcaster, right?
You want to centralize a social network for specific cases.
Every time something that's a privacy concern pops up, people are like, this is why you need that.
But the reality is that only affects a small portion of social media users.
And the average person, the average retail person, the high value consumers that people network at and people
advertise to don't give a shit at all right i have twitch viewers that literally beg me to give me
for them to give me the login and password to their genshin account so i can do their gotcha
on their account on my screen and i'm like you're just gonna give me your password people literally
do not care about security or privacy or any of that in exchange for
entertainment and convenience and where all their friends are.
So competing against the major social networks when the whole game is about skill is just
a really hard thing to do.
And the value profit differentiation is not there for the average person.
They don't care.
They don't understand what decentralization means.
You know, even for me as a Web3 user, I went farcaster a few times but i'm like hey all the people i follow still use x as their main so i'm still going to go to x because that's where
they're posting all their stuff you have to fight so much inertia to get people off their existing
platforms that part is definitely true matt over to you yeah i think knockdown and slayer obviously um
are 100 right here it is about where's the attention and where can the money be made at
the end of the day like social media used to be social it's not anymore everyone that's posting
multiple times a day that's taking platforms seriously is doing it as a career bar, you know,
a few, but most of us even in this space, if we're able to be on Twitter multiple hours a day,
it's probably because we work in the space and there's some sort of financial incentive along
with it too. But the real thing is it doesn't necessarily need to be people. It doesn't
necessarily need to be money out the gate, but if it's not going to be those,
it has to have something where the second you log on, you're like, this is different. This is
dope. And the only platform, honestly, that I can name in the last five years that did that
in any way, shape or form is actually the auction app. What not? Was that what it's called? I don't
even remember. I went on it. It's like eBay, you buy items, TikTok shop, live stream, live shopping, all
that idea.
And I was like, why do we need another one?
TikTok's already crushed it.
They figured it out.
eBay's doing their thing.
What is the point of this fucking app?
Why are people talking about it?
And I went on and within the first five minutes, I wanted to buy two pairs of sneakers and
a sweater and a dog treat.
And I was like, holy fuck, this is so good.
And if you don't have that feeling when you log on, or you're not like, I'm going to be able to
make a ton of money from this, there is 0% chance that it will work. And I, especially with Farcaster,
like I love the idea. Obviously I love decentralization. I love this space. I'm really
interested in all of the, uh, inventions and new ways of people doing things and looking at things
that I had a really
big argument with someone early on in Farcaster because they were like, you need to get all your
web two friends. Like you could be a bridge. This is going to be huge. You're going to be an idiot
if you don't stake your claim on Farcaster and go hard right now with us. And like, it was this
whole thing. And I was like, guys, I love you. This will never work. Web two does not give a
fuck. They will never give a fuck.
And it ended up being like a very like, you don't believe in us. And it was a whole thing,
right? But it really comes back to what Slayer and Knock were saying. Like, nobody cares.
Unfortunately, nobody cares. If you don't have that feeling of getting on the app and instantly
being like, wow, this is amazing. Or do what TikTok did. TikTok paid Ellen DeGeneres and Katy Perry
and Kevin Hart. Kevin Hart made like seven TikToks at the height of COVID where he's like,
I'm on TikTok. What the hell is a TikTok? I don't know. I'm making TikToks because TikTok paid me a
lot of money and people thought it was hilarious. They came in with a half a billion dollars in
two months and were just like, we'll just pay everyone a million dollars to make five videos.
And then boom, now we have a platform. And that's after coming already as musically,
already coming in with a half a billion users into the sphere in the first place. So even with
all that, even with all that money, it still was a massive gamble. So it's just when people get
hyped on like these one or two little features of the fact that it's decentralized, it's just not.
It's not going to happen.
It's kind of like AI right now.
It's too good.
It's too competitive.
If you're going to withstand the wave, you're going to have to have something really, really, really special.
And I haven't seen it from any of the Web3 social platforms, honestly.
I think some of the streaming ones are interesting.
You guys know better than I do.
But as far as people actually posting content.
Live frame coded. Live frame coded.
Live frame coded.
Yeah.
Don't worry about the Web3 social.
Don't worry about Web3 streaming.
I got you, buddy.
I know.
I'm waiting.
I'm saving my streaming career for when Jonah drops his secret shit.
Just make a switch.
We got some of Dub.
We have some bugs to clean, but Dub's already got some clips.
It was funny.
You know what I really...
By the way, quick tangent.
Dub, I don't know if you like this idea. know what I, by the way, quick tangent, Dub,
I don't know if you like this idea.
What if I turned your clips into card packs?
You could fucking open.
Send it.
I'll open them myself.
But like,
cause Dub was talking to me like he was like,
I was a slot machine.
He didn't know what was going to come out.
I'm like,
that's not a bad idea.
What if I can't look like a ClipsyCon?
I agree with you, though, Matt.
I remember using Lens for the first time, and to post a video, I had to sign a wallet transaction,
and it was super clunky and painful in order to do so, and I was just bearish.
I mean, that was a great idea, though.
We loved it.
We wanted it to work.
We were rooting for it, but you're just like, this just isn't practical it's not there yet yeah and uh you know further uh on your point a no real celebrity or like massive influencer came over to four farcaster in in four and a half years
plus i can't think of a single viral mechanic that made people on board from there it was just like
a really good builder community and And I'm not sure.
And you also like what Snapchat does.
It's brilliant.
But TikTok really mastered this.
Is even with a zero follower account.
They will give you.
If you just make a halfway decent video.
Somewhere in your first five videos.
They will make you have a video.
That gets a thousand to five thousand.
Ten thousand.
If it's good.
They'll give you a million views.
On your first five videos.
With zero followers. And that's specifically rigged to hook you, to get the dopamine spike,
to be like, look, if you keep posting, you can do this. I posted on Farcaster like 50 times and I
got like one follower and people were like, oh, you just got to stick with it. Month three is when
you really start to find your community. I was like, guys, this is retarded. Like we're not,
like there's only a thousand people on here farcaster should be like we're gonna take your
tweet your first five farks whatever they're called i don't fucking know and like we're gonna
show them to everyone that likes similar interests and like you have to really gamify it for people
because otherwise they'll just go back i don't know cats un, farks. Unironically, the farks allow you to connect your X account.
Yeah, but...
You can do that.
Zora is better at it.
Zora's better at it, to be honest.
Like, they are better at this stuff.
Well, it's going to be interesting to see how this now affects the base app,
because Farcaster is very intertwined with the base app and it seems like
the the social component originally was a really really big piece of it but i don't know if it's
going to continue to be if they're now focused more on wallet integration it's just a really
it's a really really good advertising tool like people it's i still get pitched so many of them
too which is why i get like angry about it because I'm just sick of it.
And I'm sick of people being mad at me when I tell them it's not a great idea and I don't want to be involved.
I feel like Jonah, just keeping it real.
They're like, it's dance, but it's 3D in the metaverse and you get followers.
I'm like, cool.
But it's such a good marketing tool because people that don't know that aren't in the space,
they don't know that it's difficult to build a social platform. Like people still don't realize
that. And so when I'm around my like tech friends or VC friends or whatever, they're like, man,
what do you think I heard about this thing? We're like, you post and you get followers and they can
tip you. And I'm like, that's still impressive to you in 2025, you know, but you guys were all on,
on the inside on Twitter. We know how hard it is to grow a following, you know, but you guys were all on, on the inside on Twitter.
We know how hard it is to grow a following, to move people from one platform for another,
but a lot of people don't. And so the companies are still just really leaning into this
for fundraising, for marketing, for hype of like, it's a social platform and everyone goes crazy.
So a lot of times when you see that it's a little bit just smoke and mirrors.
Well, I appreciate you guys being willing to chime in on that. I know it's a little bit just smoke and mirrors well i appreciate you guys being willing to chime in on that i know it's a little bit out of pocket
for us but i do find uh the the idea of new social media is really interesting that that
incumbent advantage though just comes becomes harder every single year uh with that gotta give
one more shout out to our sponsors and that's gonna do it for today on simplified remix
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another great episode of simplify we'll see you back same time same place next week matt promise
me you're gonna get more than four hours i got you i got you i'm gonna be back next week now
i appreciate you guys and uh shout out to everyone that survived art basil
and is not going to abu
dhabi i think that's our last one for the year holy shit yeah god bless the abu dhabi crew that
one also i'm like maybe in the next life with someone i forget who it was but they did ygg
in manila to art basil and then they left like yesterday, yesterday for Abu Dhabi. And I was like, bro, that's...
It was Jorge, bro.
Yeah, that's right.
I was like, you're on Survivor.
You're on Web3 Survivor at this point.
Jorge wasn't...
No, Jorge wasn't in Manila.
We would have seen him.
Was it...
I can't remember.
It was someone that was at the Pudgy event.
Was like, yeah, leave tomorrow.
I was like, that's... Well, don't worry about it, because they're going to be dead.
So it's irrelevant.
All right.
There's no way.
Love you guys.
Till next week.
Love you, bro.
See you.
Peace.
Thanks, guys.
