Jim, Jim, how are you doing, Samooka? I do my friend. Jim, Jim, I'm great. How about you? Nice, nice. How was real? How was the game? How was the trip? And great as well.
I encountered a lot of old friends and made new ones. It's got some great projects to follow and maybe some partnerships to happen. And I think that's what events are all about. So it was productive.
Oh, that's nice. Thank you for sharing with us a little bit of what how was. And it's always great to meet in real life people.
to know that our ecosystem is really a thing to meet these people in real life, not just in digital form. How are doing my friends? Jam Jam.
Morning bro, morning Samuoka doing great guys Just hanging in the hammock That's nice to get in track, getting in track with Web3D, let's see Let's see how things will play out
Yeah, exactly. And how was your week in general? We are here on Friday, jam Friday. We need to talk a little bit about how was our week and if Tify and other projects. How was yours, Hermes?
Can't complain I mean the NFT space is is kind of as low lately for a couple of weeks since since it's a bump head I don't see many offers being shared anywhere. I'm trying to find some to us, but it's not being that easy to find offers
But I see, I see a momentum growing, you know, it seems like everyone is waiting for something to happen. I think that it's kind of a general consensus that
deep will come before the next boot and I think that pretty much everyone is kind of staring at the sharks and waiting for it to begin you know it feels like we are freeze
We are waiting for something to happen. Most of the people are waiting at bigger deeps so they can go out. That's how I see. As Lalo said, everyone is saying the same everywhere. A deep is probably coming sometime soon.
and this will trigger the next bull. So I think that most of the people out there are like seeing the market like that right now. That's why everyone is like in a whole position.
Let me just ask you how deep we'll create the next book. This isn't this paradox or stuff like that.
I have no idea man, I know nothing about charts and stuff but that's what I'm seeing people saying like Lado said in our, you know, seven and I've seen other people saying the same in other places. A friend of mine who was also the one who
who brought me to to creep or he says the same, you know, he says that there will be a Jeep sometime soon. And after that, this will be the moment to go. I don't know why. Maybe you can explain me why. Is this like a
threat? Is it something that happened like often? I don't know maybe yes I know that when you have a long bull run that's market paralysis when you have a
Long boora you have like a pullback you know correction and this correction maybe can take longer or can be just a day but it's inevitable a pullback it's something that always happens so that that's I know that I know
other stuff, other patterns, I don't know or trust to banist. But yeah, there is a rational between flirt prices of collections going down at the same time that
that's because most people want to be exposed to the earth at this period of time because they want to grow their earth position and then they will go back maybe to the collection that they
they hold or they like. One question here is do you think that is a good strategy if you are not worried about the price to buy some NFTs there are low price because of it?
because of this this dress you know do you think it's something that most people do what do you think about it? I keep asking myself about that man I mean if if eat their pumps to like 4k again will the how the the collections floor
price will handle it. I have no idea if there will be a proportional correction in the floor price. If the floor price was about 1 when the eater was 2K,
it will be .05 with a ether at 4k. I don't know if it will be like that. I mean I like NFG's, I think this is the ecosystem for me. I have found myself
here and I have learned a lot about that. I feel very confident like analyzing collections, communities, and I don't feel the same with other crypto assets. So I think this is more about what you would do that more than
What is more profitable in general? So I would buy, you know, I mean yesterday the Los Muertos for price went all the way down to point 048 and they are already back to point 063. So
I keep tracking these collections that I want to join. And I'm pretty sure that I will find good opportunities, no matter how the floor price behaves.
Yeah, we're talking about this yesterday and it's very interesting how this happens because there's a lot of collections that were well-veiled and the bull markets and they're going down the fur prices because it is covered
it didn't flinch, didn't go down the the floor price when it was dumping but actually now they are because it is pumping and that's that's it's very interesting to see how
they will be priced when it is like stabilized in a price in a higher price. But I want to see the opinion of some Mukha, what's Mukha have to say about it if he wants to.
I'm kind of scared. Listen to guys say these things because I don't think that does help movement. I like more have mistakes on collections. It's the same take I get. I join it because I like the art, the community I want to get involved. Sometimes it don't go as well.
as we paint but I feel this pump and this double the floor prices of collections we see right now is really expected speculative so I don't like this movement and I don't think that's why collection
I'm going to watch out about these movements and I don't know what to expect because I have some collections on their feet and stable as they are and keep building in. I have some collections where they are going on this day.
is bound found we see in everybody going right now they couldn't get back on their feet and the project just ended so I really don't know what to expect right now from any collection or any builder except from some of the
market leaders know? Yeah exactly. I think that's it's it's I do think that is not a healthy movement. I don't think that the best would be like prices be stable because I don't think the NFTs have nothing to do with it price.
They are priced in E of course, but I think that each collection it is you don't depend on you know it price to To work or build stuff that's so bad that a lot of collections are so free
right now because of that but it's not just if pumping that is happening also people are blaming not blaming but they are pointing the fingers I'll say to blur and to bend out because
does they are creating this selling pressure or this? Yeah, this lower evaluation of collections. What do you guys think? Do you think that they are the blameable to all of this? What do you think?
Sorry, can you repeat the question? People are blaming Blur and Banned out because of the floor prices of some collections
going down because of the hype selling pressure they're putting in the space. What do I think? The thing that's happening because of them is just markets stuff.
I feel that they have the fair share of contribution in this fluctuations but I don't see being that huge like every collection right now is dumb you know so I don't know how much they can influence on that
that because I was talking with some guys in the event right here this week and apparently like 300 watts makes most of the volume that we are seeing right now.
I don't know how much this guy is impacting the whole ecosystem right now. And I think it's more like a market thing than a full-on blur and then that will impact on the collection slurs.
Yeah, I think I feel the same. I think that Blair has a huge share of responsibility on the keeping in the collections for price because it was a trend, you know, it was the beginning of it. It is triggered that or a
associated there or whatever. But it is also a natural thing that's due to the pumping enterprise. And also I think that as we say that people are trying to protect themselves at Peter's pumping, it might be a deep.
or even if it's not a deep, once a trend of collections going down has begun, people that are more traders than collectors, they find the opportunity to, okay, so if I can dump now and I can buy
back later in a lower price. I see people doing that all the time. I don't have the skew or the guts to do that. I know that people do that. So I think most of the dealers out there are doing stuff like that. They are dumping, trusting that you will be able to
to join or they just want to have liquidity in their hands to have better opportunities because there is not much liquidity in the NFT market right now. So people are afraid to lose big opportunities for not being able to sell the stuff.
That's very interesting to analyze because yes people I think this trend began with the liquidation of bar apes in Bandao and was in farming blur. It was a movement
that was done by a couple of whales and then became, I think became kind of a trend, I don't know. But it's very interesting this movement. It is very bold, very, yeah, very bold, I'd say this is the best
where it's described but at the same time it's very bad in the chart run and it is very bad for collections as a whole because people get panicked sometimes and they can sell
in the irrational moment. When we're talking about collections and how they will behave in the future, most people believe that it will go up to the higher prices when all this things fast.
all this bear market passes and a lot of people have this sensation of the cycles and stuff like that. Imagine that we consider this cycle as true. We don't know yet if we will
before ever like that but let's stay like that. It is true that the cycles exist and you are in a bear market and then we will go to a pool market. I don't know something like in the end of this year or in the beginning of 2024.
which role the thing collections will play out meanwhile, you know, meanwhile we don't have this boom market which role the
collections, the good collections, the survivors of the bear market, how they will run things, what do you guys expect or the thing they will do?
Feel free to hear this and do it. I would like to hear from him first because I know he has a right take on this. It was a kind of a long question.
Let's go again. Let's try to split it. It is a $1 million dollar question. How do you expect collections? The good collections will behave in that
bear markets. I see most of collections trying to create new stuff and I think this is the way to go because it doesn't matter if you are in a bear or
in a boom market. You cannot just like cross your arms and wait for the words of fix it. You gotta keep building. And I'm seeing like in, you know, I'm, I'm precipitating in the
I'm very proud of how we are holding our floor price right now. If you look to collections like it, that have reached 0.5 floor price once.
like Los Muertos, who I'm not sure the all time hybrid, I think it was something close to 0.6 or something like that. They are like 10 times down right now.
We are holding and I think most of it is related to the community that we have because we are being attacked by bots, by waves dumping because of the ether or for other reasons and even though we're
still holding. And if you want to know my most honest answer to that is the artma, that's how I see it and that's why I always said that the artist is the
the main stuff in here because the art creates the bonds, the art is what like choose the people that will belong to a certain community, you know, and the
The references, the cultural content that you can like subliminarily see in a certain type of art, in a specific NFT or in a collection is what will...
This is what is all about. It's about to have a community. So I don't think that collections have the power to do anything else than to try to create
a nice environment for the holders. And this is not about the so-called utility or the giving back bullshit. I think this is much more about having the
the greatest people around you and to create through bonds to create a family in a collection. I think this is the only defense that any collection have, because other than
And that is just like speculation and making money and the food you will come, this is inevitable. And I don't think that anything that collection skin do can fix that if a collection don't have a true community.
Nice to say that because most people will not answer like that. Yeah, very interesting because most people will take this bullshit of utility or giving back. I don't know is entirely
It is hard to create a great utility because the utility comes with a cost.
other way to provide liquidity. You need people joining so you can make money and give back to people who are already there. This is the exact description of a Ponzi scheme. So this is absolutely bullshit. There's no other utility than the community and the bonds and the
family that will be there. Because this is a true power, you know? This is something that can make a difference in a lot of aspects, even in the speculations. But giving back men is just upon the scheme.
That's how I see it. If you join this collection early and you are staked, you will win a percentage after having you. Okay, this is a positive. Exactly what positive means.
Do you think you get your take on utility like tickets or stuff like that? Or what bar apes do on a fast stuff like that? Do you consider this a good utility or do you think this is not worth it?
It cut exactly when you ask it. What I consider a utility?
Sorry, I didn't get this one I Rugged and when you when you were asking you ask it if what is a? Oh, alright if we consider like tickets from from a festival or stuff like that like a pass
Do you think this is a good utility or do you think this is thin air as well? Yeah, again, it depends on the community, right? If I ever win a ticket to join
my friends from the UCC, this will mean a lot to me because I love them, we have true bonds. But if it's not the case, I mean, I am in an age and in a place in my life right now that is very hard
to take me out of my home, to take me out of my house. I'm not leaving my house to free food. When I was there, you were asking me to go to your house.
Exactly. Do you see how true is that? Someone was like, man, it's a one hour drive and one hour drive back. And most probably not. The one driver, one hour drive going and the two hour drive back. Sure you will.
Exactly. Exactly. And just an input that tickets think. I would like to say that tickets, it's also for the future, no? I think that festivals and Paris and anything a collection do for their holders. It's like building these ecosist and building the community. I don't think I see.
like a direct utility for the NFT. I see like the collection of the future, getting people together and exactly what I have to do. So I see it as it is. But on one of the apes it's like everything works on a different scale.
Yeah, yeah, of course. One thing that I want to bring here is between utility. I don't know if we can consider that utility, but it is IP building. The actual power properly being built using NFTs.
Like what I think the captain of that it is do those do those is doing that is buying a studio animation studio. It is promoting their IP it is doing the possible and impossible to get their IP
to the mainstream and to not correlate themselves so much as an NFT and more as an IP or character stuff like that. What do you think about that, Erwin? I don't like the idea, man. As I said, I think it
yesterday. I think that collections should be working to build value into our ecosystem. This onboarding stuff and like, ranging out of the ecosystem and stuff, I don't like it. I think that we are not
there. I don't think this is the moment to do that. I think that before we have a next bull run, a next big bump, the ones that put crypto in all the news again, it's not a good time.
to start such initiatives because this is pretty much turning your back to the ecosystem that like gave you the what you needed to be there. Do you remember when we talked about ENS dumping ether?
That's how I see it. That's exactly how I see it. Why would you be transferring money out of the ecosystem in a moment like that when everything is down? When your floor price is down, when the market isn't that great, this is not the time to do so it seems like you were giving up.
The moment to do such initiatives will come. Imagine how these people will regret when they have spent like 50% of all their money in a bear market to try to reach out of the ecosystem when we should be here creating bonds among the collections holding hands to be
either to face this storm that we are facing. I think this is a betrayal to be honest. I don't like these search initiatives. I think this is the time to keep building, to keep connecting, to trying to find the real people in here, the people that are building
that people there are docks or not, but are true people building and people that care about web3, care about the ecosystem, care of what we love and what we are building together in here. I don't like the initiatives of
collections like that because I mean their money is pretty much either or their own tokens right so if they are exchanging it for real money right now they are pretty much giving up they are they are contributing to
is deep to the bad place where we are right now because we should all be holding. This is my perspective on that. I don't like such initiatives. I think that this is the time to building here, not outside of here. We can build here once we
the collection wall to worth like 10 times what it worth right now then it will be great to start initial chips in the real world. I don't know if I agree totally with you
I think we have some things to consider but definitely you got a point there. Definitely. I think... Yeah, I know people think like, "Oh, we need to bring people so the market can go up." But it's not like that. I don't think it's like that. I think that we have
like the people who made the last the last pump, the people who they don't need to be convinced to get back here. You know, they know what they're doing. They're just waiting and no, no do those in the Netflix will make them come back here. You know.
They are waiting for the moment. They are pretty much in the dark staring at us and waiting the right moment. So I see no reason. We don't need at this moment, I don't think we need new people.
We need just to have back the people who left. And they know their consistent, they know everything. They are just waiting. And we will have them back. It's just a question of when. I don't think that anyone who has ever
Get you know crypto is able to live it forever because I have heard so many stories of people like oh I have lost a lot of money in crypto a long ago But then I'm back and then I make money again. They are lose again, but here I am, you know I don't think that people can come here and see
it all and just turn their backs and never come back. I don't see the happen. So I think that the most important part right now is to have people back. And when we are back, when we are back like three times the market cap where we were before, then we will be able to reach out and to bring
people here because as I said then we will be in all the news again then we will enjoy all this infrastructure that has been built through this bear market and we will be in a much better place when the next book hits so then we will get all the power and all the momentum to to bring people
here it will be much easier, it will take much less money and effort. I think this is difficult times that we are facing right now. How can we convince anyone to join crypto right now? It's a very hard task.
Yeah, I agree with you. It is very hard. Let's see how things will play out. One thing that I want to talk about and we promise yesterday to talk a little bit
about it. It is Nakamegos because it's inevitable we can't invite to talk about stuff that are pumping in the space. What's your take on Nakamegos Hermos?
I think I'm reaching my friend. Yes, sorry, sorry, I just saw it. I mean, I don't really like it to be honest. I saw it when it was lower. I was watching magically.
I saw them pumping there, I saw the volume and stuff. It's just my personal taste. In general, I dislike the pixel art style. It's just my taste. I don't really like it.
I know there's a lot of people there who like it. I think that there is a concept of being sending people back
Back to the beginning of video games and stuff, I understand that the reference, I think it makes sense in some case, like in the crypto punks, because they are vintage and they ended up being like a
the first big stuff, so they are pixelated, so it makes sense when you look back, you know, they did probably, I think when they build the concept, they consider that they might be something like that.
Let's be pixelated because we will be the first and then eventually we will be vintage and we will be also pixelated so you know it makes sense somehow but I don't know man I keep looking at it and I I don't really like it I think that more
Most of our collection success or failure right now is related to speculation to have the right connections, to have the right network, to being the right offer channels.
to count on the right people to invest in your project to make a profit because they will dump eventually. This is inevitable. They are already dumping almost 8% today. I don't know.
I don't know deeply. I think the collection is too big. Like 20,000 NFTs is something that I wouldn't consider joining no matter what because
It's unfeasible to build a true community with such huge number of tokens. I think they will dump me. That's how I feel. I would enjoy now or anytime soon. I think that this string is already gone.
I think for a day, Hermes, I think I kind of feel the same personally speaking. Let's see how things will... I think it is. Most stuff that I think that, that I have this preconceiving feeling, I ended up being wrong, so let's
I had this feeling with nouns, for example. And I got that wrong, so. Yeah, because you've got to know the community to make a true prediction, right? Because this is what matters in the end. And if you look at nouns, it eats 100% community.
Exactly right yeah, yeah, you if you'll just look You you'll tell like if you like art Some I do some death fail it. I do some of the collections that fail it. I really like enjoy the art But sometimes I don't like the art
But in the end, I like the people that are there and then I just understand their aesthetics. Yeah, and I recognize that it is possible to change your opinion considering a contest. You can dislike
the art but once you are familiar with the concept of it, the culture of it, you can start to understand and to like it. I feel like that because as we said, the art is all about references and sometimes you are missing some to understand the whole picture. So it's possible to change my mind and
As I said, I have never was a fan of pixelated art. We can call the norms, the on that, the crypto puns or whatever. I'm not a fan of it. But of course that I can change my mind and of course that I can eventually find the
pixelated collection that I would love like the we have the I forget the name the the O's the the the Natchbird the it's also a pixelated collection I'm not a fan of it but
I can change my mind for sure. As I keep saying, it's all about art. We are here, NFTs are about the art. I can't see it differently. Of course, there are bumpers and dumpers and ponzes and utilities and Netflix.
shows but at the end of the day it's all about here. Yeah I would you just take a time here to share trends this thread it was made for StarFox it is a thread explain a little bit
about super inflate but just to not forget I will pin it here it is okay spin it but that did guys for our GM GM Friday it's awesome to have you here and throughout the week have
a great weekend and yeah I agree with you and that Hermes. I think that's all art is made of references and context at the end of the day so you need to have that to analyze it. But that's it guys thank you guys for being here and see you next week on Monday.
Thank you guys, thank you for being here. Bye bye.