Gm Gm Market Talk

Recorded: May 19, 2023 Duration: 0:54:10

Player

Snippets

♪ Give me another bit for me ♪ ♪ Give me another ♪ ♪ Give me another ♪ ♪ Give me another ♪ ♪ Give me another ♪ ♪ Give me another ♪ ♪ Give me another ♪ ♪ Give me another ♪ ♪ Give me another ♪ ♪ Give me another ♪
I still see your shadows in my room can't take back the love that I gave you It's to the point why love and I hate you and I cannot change you through why my looks like you Easy a second and I thought you were the one listening to my heart is
I still see your shadows in my room can't take back the love that I gave you is to the point why love and I hate you and I cannot change you so I must look like you easy yourself and I
I thought you were the one listening to my heart just out of my head You found another one but I am the better one I won't let you forget me You left me falling and landing inside my grave I know that you want me dead
I take the sugar syrup to make me feel like okay I know it's all in my head I have these loose their dreams where I can move a thing thinking up
you in my bed you were my everything dark so far away right now I'm just better off dead I'll do it over again I didn't want it to end I watch it blowin'
I should have listened to my friends Even if she's in the past but I wanted to last she were made out of plastic fake I was tangled up in your drastic ways Oh new evil girls have the prettiest face You gave me a heart that was full of mistakes I gave you my heart and you made heart break
♪ You made my heart break ♪ ♪ You made my heart break ♪ ♪ You made my heart break ♪ ♪ You made my heart break ♪ ♪ You made my heart break ♪ ♪ You made my heart break ♪ ♪ You made my heart break ♪ ♪ You made my heart break ♪ ♪ You made my heart break ♪ ♪ You made my heart break ♪ ♪ You made my heart break ♪ ♪ You made my heart break ♪ ♪ You made my heart break ♪
Crying on noses I hear that song And I sometimes get lost in my head I'm so in love with that girl I got the truth if this world She don't believe it or people would tell me the power
She said I see her me but she's so good boy You got something single in the watch you speak up try to break me down because they can't defeat us
I'm a bigger now like that girl in need I should have listened to my boy said I can't leave you I can't take that the love that I gave you
And if you said that you rock I'm you go now I become one of the time I turn up they say calm down I pull up in a new race that's just what I'm on now We drop the top to ride around look back to sundown I look around and see who hands count who's with me
I know you been bro, what you know about boy now You smell excellent I breathe, get stretched if I bleed 50k cash when I sneeze I don't win diamond in the street, cut off my dollar kill each, black or white If you reach, killers and bar when I preach, ask one out buddy sleep I give it all to my dogs, motivate law when he call 150 on the paddock
I could have got the car with the stars I be rapping my blocks I'm promoting my skies Ain't nobody to land I told them it's eyes From purchase to boss From guns to cars From coptenon From smart to law Who really went you When they said it done They gon' try to get you So you better run
You don't know who gon' be there when you die, you don't know who gon' be there when you are I let my feelings build up, just call it up my car, right there with me then, so like you put me with me now, baby I know you been broke what you know about pulling down, I don't know who gon' be there when you die, you don't know who gon' be there when you are I let my feelings#
What is going on Web 3 ecosystem? We are back again bright and early for the last episode of the week of GM GM Market talk breaking down while we're buying while we're selling where we're making money
got the sniffles is not feeling too well. So if you could DM him wish him that he's feeling better. I want to say at least 100 DMs. I wanted to text me and have him tell me stop telling people to DM me. That's the ultimate goal. So go DM the bunny official and let him know that you hope he feels better. But back to the subject at hand, we got Pudgy toys kicking
some mixed reviews. People say a bunch of web 3 nerds you don't shower and live in the basement won't be buying toys, but sure enough they did a ton of sales. Number two in the toy set category are number one in the toy set category. Number two in the stuffed animal category behind squish mellows. So certainly something
right is going down there. So a lot of traction on that front. CYOP finally launched and used the V3 pool for liquidity and it's clearly a dumpster fire because I saw multiple people spending a full eat for five tokens. Despite the price being not equivalent to that.
I don't know it opened up at like a nine trillion valuation or something absurd we could say where's Bonnie sick he's got the sniffles Ingested pollen it didn't end well, so we still got some so you mean you got so he got definitely got sigh of the his boss called said all hands on deck. We got a lot to do overnight. Lots of work on
So that's currently where he's at. Hopefully he gets back soon because we need the guy. We miss him. We hope he's doing well. But on top of that as well, we got chat GPT just launched the browsing functionality for all users. So I'm messing around with it right now. It's really slow. I'm already upset. It's not working as quickly as I wanted to be.
But hey, to each sorone, I guess it's definitely gonna make thread ores and content creators jobs 10,000 times easier because now you can just use this So could it us to them? I mean, it's getting completely destroyed humanity and ruin everything that we know but I've never been more bullish So let's just get right into it shout out a thud a sponsor of all the content Hello moon that I owe if you're not using hello
You are just slacking. It's free analytics. It's free data. They help aggregate a ton of stuff. Developers and project creators have opportunites to leverage all their functionality, developer calls, RPCs, everything else you could possibly use and want to create a product all for free. So if you're not using it, I don't know what the hell you're doing.
But right now we're up 16% on 24 hour volume sitting at 80k That's up a nice 20,000 salami volume from the lows even a little more like 25k Seems shit going season may finally be behind us. I genuinely think siop was the top is the top locking in
71 UGPODs at 14 and a half, Sharky by Sharky 5 1919, Clay knows at 52, Lillia 8, Flapp famous Fox at 55.5, DGN 8 Academy launched some good stuff. Nikki Sans taking over the CEO roll over there. Those are sitting as stable as ever at 50 sold
I saw it chart from DGN Apes yesterday. Honestly, like if soul's ever volatile, you can basically just park it in DGN Ape Academy and it's just gonna stay at 50. It's really impressive at how well they've held that floor and they still do decent amount of volume over an extended period of time. So I can see no up to 29. Okay, bears at 50, DGN Fat Canada 20 in portals.
the metaverse in detrending charts once again with a 34 sole floor due in 2000 Solana volume as we pivot over to the open seas invisible friends physical collectibles are now over to public mint with 676 minted and I might buy one of these things
Asm Brains of point 11, low five Pepe's officially the PFP of the Pepe community per Twitter, sitting at a point one three, eat floor, malad makers, point, oh four, gemesis, point, oh three, broso from the polygon blockchain and the trending collections at a 56 Maddick floor, mutinate
point six seven kilowbears down from three E to 1.76. Malady maker just a smidge under five. Pudgy Penguins about to break that five E floor after the toy drop. D gods at 8.62. Oony Force up to 1.6 and Bordebiot Club at 48. So let's get into it. Mani Frisk, how are we living?
Did I'm doing alright? I'm just kind of hanging out I got into the office early I'm reading a bunch of Chinese right now because the BRC 20s are all the good out riveting actually because these guys are all Bitcoin frogs dude I think I might get a Bitcoin frog today
that Michael Saylor tweet about them like really exploring ordinals makes me think that if he switches his pfp to this they'll send to like a full Bitcoin as crazy as that sounds so that's kind of where I'm at I'm just kind of looking around trying to find some deals sold out of mostly
my BRC 20s so I'm just in like a fully liquid position but kind of debating whether or not to do that. The sial thing, I don't know what happened dude like I it's I'm just gonna I'll come back in a week when they figure it out but uh it's kind of where I'm at. Did they air drop you any tokens?
I'm sitting on 35,000 of them. I can like I'll do OTC deals to anybody who wants to give me 10 ether on them. They're all yours. How much is 35,000 worth? 0.02 and how much did you send? 0.2 Oh, um, damn you're fucking cut it.
Dude, I know man in inverse gains is absolutely taken W today, dude. So it quite literally went the opposite way of a 10x. Yeah, yes, yes it
did the other way. It was a minus 10x, which is not what we want. - Dude, that's still a 10x. - It's a 10x. Do you know how hard that's to come by immediately? Wow, I am impressed. - Yeah, just put it in the mirror.
that what I didn't think about that hang on hang on let me let me open my metamask and then just show it to itself and then maybe it'll flip let's see if that works yeah I think that's a that's probably your best course of action damn dude what a what a bag fumble by this
You know they're just gonna say it was a sigh up, you know Yeah, and I'm be like everyone's like, oh, your dumb you sent in money. I was like yeah, dude. I know what I was doing like this is We just gotta we gotta let all this fight clear let everybody keep talking better on the timeline about how much of a dumpster
fire this is and then it'll red-wink down and then we gods end up and then I leave it at a 2x. Dude that's that's the hope but like I don't know man. I don't know if you're gonna get that 2x. I got .05 in my pocket for you, mate. If you if you need an exit strat
Dude, that's double. That is 2x from right now. Yeah, exactly, dude. I'm going to buy the blood, bro. You're down 10x. I'll give you a 2x of your negative 10. And so then I will ride the plus 8 up.
I don't know if you're gonna get that plus a tree. But it means you have a negative - I'm only gonna be down to it. Dude, what a dumpster fire bro.
What a absolute dumpster. But BRC seemed to be cooling off. Everyone's kind of over them now. I'm kind of glad that I exited most of my positions because I'm trying to catch a bottom. I think already hits eight bucks.
I really think it hits two dollars. So instead of like DCA and getting the music to hit eight dollars or two dollars No, it's going to be right now. Yeah
$8,350 and then $1200 and I'm not selling until $1200 baby. Exactly. So I'm just trying to accumulate more on this dip down because I don't know. I don't you should never try and time the market but I've been on a low
heater until this negative 10x that I'm going to inverse gain all the way back to a full 10x so we'll see what happens. I've been on a heater except for this minus 10x. I'm going to write that one down.
that's a bar and a half yet everything went well until the side of contract was actually deployed who could have possibly seen this one coming friends can live in house my entry in the
because it's not there's not enough maple syrup I miss my polar bears you know I don't have my igloo to like snuggle up in but it is really nice I can I'll say that and my am is really cool so can't complain about it I think today I'm gonna actually hit up some Bitcoin events
So that'd be cool. I get to leave the touristy area of South Beach and go into the actual tour. You are in the epitome of Taurus Hell. Oh, did I am a tourist right now? It's like I'm lucky having fun being a tourist. I don't even care. Like it's I'm having a good time. I was talking to you last night. Like that's that's so much material. Wow. Yeah. You#
Was it a watermelon frisk? I think so. I don't remember from being honest, which is says a lot. Now you just need to get coconut milk out of the coconut and the coconut wow.
your hotel's logo on it.
Little fucking glad little less than a fuck and easy. It's not really over That's the worst part is it's not actually wait a minute There's gonna be some sort of part two part three. We just look at this guy. He needs a tent. He did not get enough oxygen at birth. Hey, oh he he he
you tell me he's gonna stop here after and just somebody asked him last night if he was famous and his response was ah yeah well mmm ah mmm stop dude don't talk about like that okay he went on like a 15
Talk to my family like that many when you change your pfp to his that's that's on the ultimate top. Yo, yo I Need to slay him. I should just slay this dragon now dude hang on right click saving No, fuck please man. He just for 24 hours. Please. I'd be so
at a time. Imagine getting back half an e. He's really not going to put more liquidity. It wasn't really like a 10% here and then it'll drop another like, Joe. This thing opened up at a nine trillion market cap.
So that's really it right yeah
I mean hey, we're talking about BRC 20s. I want to see side up 20s. I think that's the new Wow, they just make it ultra-sized inscribing on semi-bad address BRC 20s. I would probably do better top top actually would
The man he could on it, you know, if the given 21 million supply many kick it to me, bro. So to show you trust all of them. It's a totally trust. Yeah. All right. Well, it looks like we're just giving the rug. Or it's more and more free things here. But let's hit something to his hands. By so what he got for us. There was always
just one shit coin through the mall and that's that's Nana Nana was always gonna rule them all so not a shit coin it's generational wealth it was a shit coin now it's generational wealth that's how it works yeah I feel bad for all the the sour people but also at the same time like what did you expect to happen this this
sick coins baby. What's happening with portals? Why is portals up to 33? Because I literally messaged Joe in April and I was like, you know, if we're gonna see like some weird OG pump, like I can see portals doing pretty well. It's been hanging out at accumulation. He goes, I
I think that's just the dead project. I don't know if that's OG bro. And now I feel like a genius. And I barely get to duck on Joe. And now I get to say it. I know what the fuck is happening. It's up to 13 soul. And Nick must swept it. Good.
Well, thanks enigma for proving me right and giving me an opportunity to That's their bag to come back It's even on X is a movie too. Bro on X is a movie a hundred soul on this. What the hell is going to do these are sweet there was oh my god this thing went from no sales from six days ago
go to 40 sales in the last 17 hours. Yep. Yep. So it sounds really organic and healthy. Yeah, we're going back to the metaverse baby. Pretty cool. Is there an announcement? Is there anything else? So sorry, I don't know if you guys got your gun. Go ahead. Time.
No, my internet's like now you go ahead Frisk. Oh sorry, but I was gonna say he you have to just read the last night because if you guys know he was the biggest biggest portals maxi that guy can like recite the white paper like forward and back it's pretty fucking insane. But he tweeted last night the best meta version of any chain is days away from
I am looking though it looks like they opened up their downtown the grand opening is happening which like downtown is finally launching in June which I guess caused the price run I Don't know man. I don't know I guess we'll take it
Listen, all right, we don't say the word. All right. Don't say the word. Let it go. Okay. He lives on the block. Yeah, dude. Come on. It's 100,000 years from now on Mars. It's still on the blockchain as we so elegantly heard. Beat, what do you got for us? GMGM happy Friday. Everybody. We got some interesting
Next up a bill has been introduced into the US House of Representatives to actually regulate stable coins again not good It's she's a cosigner on it. So this is just more this is more mud in the water. So it's not good batting in a
aggressive 1.23% from the batter's box on bill sign my favorite Native America. She is not very good at putting pen to paper as far as bill writing so that is in our favor. Next up, Uniswap is considering the implementation of governance fees. If you guys have used Uniswap, it's been free for
forever. I think they want a piece of the pie. It's probably due to all of these shit coins that are going on. Mattel has jumped in with the fast and furious NFT chain and they are going to be releasing a collection on the 22nd of May. This is an interesting fact that I found during the invasion with
Russia and Ukraine, so far Ukraine has received over $70 million in cryptocurrency. That would have never been a possibility at any other time than now. There is a free mint at 11 a.m. on Magic Eden called We Are Planet Mojo and on the
Ethereum side, the cool cat burned to get your shadow wolf ends today at 3 p.m. EST. That's all I got easy.
Extremely helpful and mark. What do you got for us? Yeah, um beat added so much value to the space that I always does God is a miss I feel so bad for raising my end up playing going after him, but you know, it is what it is. Yo, I just wanted to Congratulate many for the street 0.1 x study did on the side of Turkey
Yeah, profit is profit Congratulations, that's that's not how it works. I'm gonna get myself a golden sigh up token like a physical token with all of my profits and then I'm gonna turn it into a necklace and then just wear it there is
And also yeah easy dropping the video can wait to be the first one to comment It doesn't shield himself, but like e-drops bang the videos on his YouTube you guys you check it out and yeah can't wait to start talking about NFTs in the next couple months weeks I don't know when but doggo is easy, but yeah
Soon enough, you know soon enough Yeah, you know, that's kind of what we're at what is what he got for us Okay, well, yeah, the side was a side up Not too happy about that, but there was this actually there was something cool that was
dropped yesterday the course got no eyeballs and it's drop farmers they do the like air drop farming for you and They like spread across like a bunch of different wallets and They're literally called drop farmers and
It's interesting because I can't keep up and there's always something new coming out that you have to do certain things and follow these steps and it's always such a long process and I have the attention span of a Gnat and so it
I just can't do it but now I could do this. They send them a little something something they just do it for me like yes, please they fix that problem. There was something else. Can you see knife? Can you see knife? No, I thought you were going to say can knife.
No, not only say I only pronounce the G and G and G and that. Um, yeah, that's all. What ears are they hiring? I'm down horrendously, so uh, let me know if they need bodies because I'm willing and able to work.
I was spread it out. I was in it. Well, I guess that's alright. I did want to dive into the Pudgy Penguin toys. I'm really curious to see people's thoughts about these. There was a lot of back and forth on the timeline last night. I listened to an extended space with the Pudgy team about this. They've done over $500,000 in sales in the last 48 hours. And I was actually leading into the#
forward in my opinion is crazy as it sounds. I genuinely think that if they can market this well, you'll get a wider audience reach. The price point is right in line with some traditional toys in the space ranging from $12 to $25. With the majority of them sitting at like 19. And on top of it, the game aspect of it, we're by owning one of these, you get a virtual loot box.
It seems like you're gonna get a lot of people who want to continue to participate trying to complete full sets. And it was something I was even thinking about the other day, like, bring back collecting to NFTs. Like, we call them digital collectibles. People want full sets. They want to feel like they're participating and getting something new. It's like buying a packet card, trying to hit the chase card. And that's something that I think a lot#
And even now we're looking at this and a lot of it were upset that it didn't feel like quote, web 3 native because you're going backwards for a physical item. But to me, I'm like, this feels almost like it's a better path forward in general because now you're trying to expand an audience and to look at me to comment about it stating
he doesn't want to keep dropping mince. He'd rather find liquidity from outside the space instead of continuing dropping mince to holders in the ecosystem that's somewhat dwindling and trying to find a net new vertical but I'm very curious to hear people start the video. How do you feel about it? Are you excited for the toys? I bought a few of them. My dog
three kids, my 11 year old son, I had him watch the unboxing video. He's here in the car with me with the penguins and he was bullish. Gigabullish, he wanted one right away and you know just the idea of like oh I get to play a game with it, you know it clicked all the
I was watching it, I had all the typical fud, like, "Ah, it's much sign up and this and that." But I thought the unboxing thing was just perfect for reaching out to kids. I mean, it totally clicked with him to be able to collect all the pieces and parts and then be able to use it. And of course, it's sort of weird that the only game is like,
just like that's not really yeah I think it's but it's like low hanging yeah like you can just plug in a chess game and anybody can play it so it's like pretty easy to just like open that up and be like here's something that we can give back right out the gate just to show what's possible but yeah he wants one and right away so they're so cute he loved the commercial the toy story kind of you know real commercial
And so anyway, there's a sample size of one nailed it That's what I was going through on sample size of one is the exact data we look for even don't need anymore I think we can just chalk this up as a win, you know like think we're we're done, right? Let's go over that B and be what he got I Like it. It's they have the little you've fun everything
little $9 like igloo set toy that I got for myself because I'm like this is just a cool little thing but it's also like it's a great fucking gift like I have a lot of friends with kids and like a $9 little igloo toy is like
pretty fucking lit for a present if you bought kids presents recently they get up there but yeah that and then like the only caveat I have against it is I feel like they're completely overstating this light sensing element of it like I don't
think anyone's making money having their their penguin in this toy. And I think a lot of people like I don't know that the whole space he had the other day, I get it. They want a license every IP in the project, but like I just felt like all the ones that they released they did already license.
all the ones all those toys that they released were licensed right but I feel like the way that it's being hyped up maybe more by the community they're not going to make a million dollars that's what they make it sound like though and I just don't think people realize that like yeah it's Amazon yeah they've made
you know, 500 grand or whatever it was in 24 hours, but like you're making a fraction of a fraction and like it's just, yeah. But I think it's cool. I just don't think there's any reason to hold the NFT.
Yeah, interesting. I do think that it's gonna provide like this is like the premium assets at all, you know, like that's the thing that I think plays into this is like now there's an opportunity for retail to just buy something that's cute outside the space without even knowing what an FTS. Yeah, but you're not I think that really just breaks back out of this.
I'm not getting riffs here, but it's like, you know, a totally accurate statement, but imagine for some reason that Pudgy does book a lot of things.
become an angry bird's level franchise, you know, for whatever reason. That it is a big deal. There is a lot of future, you know, holding those collectibles and become more and more valuable. You don't have to just do like this pure revshare because revshare, of course, you're going to choke their business. And so I don't know. I totally agree on both sides.
like I don't think that the licensing play I don't think that the rich is going to and toys are going to make them direct money but it's like great to be in early on what could be a great brand I like I like that angle I guess to the other side of it so I don't know it's cool I'm in the same boat as you it's cool I just wouldn't buy into it right now
trying to like thinking it's going to make you a stupid amount of money in the future at the very least buy it back, you know? And I think that's just the only like, it's just kind of gets glossed over. And I totally like could see a case where it's like it's on Amazon, you see all these
sales numbers, you see all the talk about kids really connecting with them. Everyone I've showed it to is connected with it off the bat. But you can't beat Ian's comparison with 21 year old kid who instantly lit up to the unboxing video. I think that's like the best testament you can
I don't know, I'm going to buy them, but once your IP is used, it's done too, because they want to use all of them. So it's like even if one of them were to be very popular and profitable, you're playing the lottery again. I don't know, nothing about
Pokemon like original Pokemon cards, but could you maybe make the case and be similar that you know this is you buying the Jin one or the very initial Pokemon cards and they just accrue a value over time because the franchise blows up. I don't really know. I do have like some beanie babies have to have a thing in a bit.
Well like, yeah, that's the top part. Like, Pokemon's 150.
and this is 8,000. 551. Plus the blue and blue are each other. Plus the blue and blue are each other. Plus the blue and blue are each other. Plus the blue and blue are each other. Plus the blue and blue are each other. Plus the blue and blue are each other. Plus the blue and blue are each other. Plus the blue and blue are each other. Plus the blue and blue are each other. Plus the blue and blue#
So it'll be really interesting to see how it pans out. I'd still go the more webkins route with it, and that's really what it feels like, and that was a huge brand in itself, and it wasn't so much the "IP" of that, but more just the involvement. And as a kid, dude, getting one of those things is just fucking... - Do you explain where gas, by the way?
You never had weapons. Is it a similar thing where you have to register it online? Like what? Yeah, you scan the tag and then you got your like person in the actual like game and you'd add up ton of like Like a dicting game style mini games that earns you these like tokens that you could use to buy like clothes and other shit in the game for you
your webkins. And then I was just decking this dude out. It was just fun of fun. Like I vividly recall waking up frequently playing that game for longer than I should have. They ended up introducing homes and you could design a house and the fucking thing. It was a lot, but it was sick. I mean, they did hundreds of millions in sales for those toys and had a fully functional online.
World like what happened it feels like this playbook to be honest. I think it's still around I've a kid Maybe they won't thank her. Let's check actually don't know. It sounds cool. Oh, yeah Yeah, so it launched in 1999 It might have just been early that millions of users around the world
Development cost and advertising fees took a toll on the company's finances and 20 years after their launch they filed for bankruptcy protection. So yeah, 2009 So I mean 20 years of runway people still talking about it seems like the job was done for those things You almost have to continue to figure out alternative verticals, but yeah, I think there was something there for sure. Man, what do you got?
I bet on winners I would totally be scooping these toys but live update to my money hit pulse chains. So I'm out nerds. I'm actually up. What is that? $110 now. So I'll see I'll see you pours in the promised land. Good for you considering you're only done
97% on a siop so hopefully you make that back. I wish you luck my friends because you're gonna need it. What is what's going on? Okay, well the Pudgy thing is just not I'm not the demographic but what I'm just grappling with right now okay
Okay, there's some, the penguins that are being used are people's PFPs. What if like you're gonna start an only fans and then somebody's kid is playing with your face? - I know, I want a penguin.
Do you see where I'm going? Or like, oh, if somebody just like joins the alt-right and they're wrapping that as their face. Like the brand itself, like putty-pinguins will be hit by that and you have no control over that.
It's worth humans were weird. I think we have way too many ideas. I mean, it's funny because I've heard Luke talk about this. Actually, there's something in the contract where you need to use it for, I mean, for lack of a better word, family purposes. Like if you
You stray off of this path, I think they can revoke your license. What's crazy is that is exactly how Pepe got notoriety. It got used by some alt-right people and totally changed the meaning. That's why Coinbase had all that hubbub and wanting to not list it on the exchange because of its association with
some bad past and some bad things in history. The other thing that you guys are forgetting about with the pudgies, I look at this as a brilliant longplay. If kids are getting these toys now and they're buying a $26 stuffed animal that has a digital component
Think three or four years from now that child will eventually learn what the parent What what the parent company is and let's say they're 13th 14th 15th birthday Maybe they get an actual Pudgy penguin from the collection and in the next three four years like think about their already on
Amazon. Are they going to be on morning cartoons, cereal boxes? I mean, whatever it is, as the brand builds, what a great position to be in and what's awesome about the way I look at the revenue share that Lucas putting out while it's not going to make anybody rich, to me, it's a statement where he's saying
I want to bring you with me on my adventure. He's super young. He, this is this, remember this is a company. He took money from somewhere else and put it into this. This is a passion project that he is going to stand behind. I think he wants to take people with him. I think he's young. He's got a
long-term play. I think it's brilliant what he's doing. I think it really is. Yeah, I mean, I think we just answered everything comparatively to this man. I just hope the kick grows out of playing with toys after, you know, he's 13, 14, 15. I hope he doesn't do that for the rest of his life. Yeah, like I like the idea that
that you're talking about beat it reminds me of like how camel used to advertise to kids like wanting them to like come back in the future and like buy their thing but like camel was cool and it wasn't for kids like this is like a kids toy so it's like yo it's like I was really in the barney as a kid would I buy a barney pfp now
No, no. Yeah, but and be like also keep in mind like we have the metaverse coming and nobody really knows what that's gonna be like and I don't know We're not bullets on the metaverse pro club pain when it's a very a thing I'm just saying like think always think future forward a couple
I know Luca is and if you think future forward a couple years with the passion that he's got behind it with their current game plan with their current market share with their current view of where you know they're going to implement different verticals to grow it's it's impressive like I'm super
I'm bullish on how do we get the kids wallets make them exil liquidity?
there it is.
scope. I think it kind of like the argument people were just having about kids coming around and buying penguins in a few years because that was kind of my original skepticism. If a kid buys this penguin, what is the incentive for their parent to turn around and buy it in $9,000 penguin?
And I think it's really like the toys aren't really what everybody's looking at them at. Like the way that Luke had described it a couple days ago just simply in a tweet is like all I mean of course like the toys are you know getting out there kind of effectively doing marketing on their own. But the one aspect like the main aspect of what Luke
coming in that they aren't worried about secondary sales, royalties being taken away, they aren't worried about extracting more value out of the community. He's literally just saying, "Alright, now I have money coming in that isn't directly being tapped from the community." And I thought this was a very interesting
interesting steam that he had because beep was just saying how it's a passion project for Luca and it's not. This is a business for Luca. He literally said on, I think it was GN Web 3 with Ferroke D's and Thread Guy, he literally said, "I'm not a founder. I'm allowed to talk about the floor price in my goal
here is to become the number one project and loosely reference in the metric of floor price. This is not some little cutie. I love Clawn and the cool cats, but this isn't a passion project. He invested $2.5 million in all of his time and all
of his reputation now. Like he's not doing this for fun. He is here to make a fucking killing and make everybody a bag. And he's easy to that point. Like I'm absolutely a green like and maybe passion project is I'm just saying Lucas desire come
comes from passion and he invests like that's what I mean by not like he's an artist and he's he's on a whim. This is a old drive in the space and that I commend. Yeah, no, and I didn't mean to totally dunk on you there. So apologies there, but just like how other people have referenced, you know, passion projects in the past like
Whenever that's I mean passion projects was like such a generic buzzword whenever anybody was minting in like 2021 like like oh like these Puppy bottles are my passion project come by then But like the thing the other aspect kind of just a wrap up my whole tangent is like now that they have this revenue stream
Now that they kind of have a baseline going, he literally said, "Now I can tap into the VC money and start giving value to holders." And he's like, "I haven't even started marketing. I haven't even started providing value to holders." And like I'm still like, like I said, I was bearish on the toys a week ago.
moving on thin ice here. Like, I don't own anything of the Pudge ecosystem, but like definitely I get now, but that whole aspect of him being like, all right, now we have revenue coming in, like looking at it as a business, they have revenue, and now they're providing themselves a platform to actually go out and tap into this VC money and all this additional fund
coming in to actually start having fun, start marketing and really take this to the next level. The toys primarily are this revenue stream but also easing everybody else that said getting into new verticals, expanding their market share. It's not about these kids getting their dad to go or dad or mom to go
buy a $10,000 penguin. They already have the toy. That was the win. That's all they need to do. Anything else from them buying the toy, any marketing, any fun they have with it, any word of mouth marketing they do with it. That's all just like an added bonus. I think people are just looking at it as too much of like, "Oh, what
might be going to do with this penguin toy in 5 years. You're not buying it to resell it. It's a toy. That's all it is. Have fun with it. What they can do is potentially do something like Webkins, Club Penguin, all of them hate to compare. But there are so many different things they can do with it now.
people just need to look at it more from just like an overall business standpoint and they're gonna make a fucking killing off these like they're only on Amazon right now like this is literally what Luca has done. They've already shown that they've had meetings with Walmart and Target too so it's like yeah he said yeah no he already said there like many more retailers like he said they're
primarily, like they're exclusively keeping it on Amazon right now to like play with the algorithm and like get to like the number one spot and then they're going to roll out all the other primary retailers in a few weeks. Yeah, so that makes the most sense, but let's hit these last two hands were well over time, but it's been great dialogue. Frank, what do you got that we're going to wrap up with, Deuce?
I actually don't have a lot to contribute to the conversation. Everything that everyone's already said has been like everything I think about it. I love the project. I have Pudgy Fomo. I really get it. I really do. This is 100% Webkin vibes. This is exactly what I think a lot of projects will strive for and will never be able to achieve. So I'm very proud of them. I think this is a huge win for
the NFT space 500k in sales without having to drop another NFT is no small feat. It is incredible. It is insane and I think that look at deserves all the credit and all the praise. I think that the people who hold the NFT need to be more patient. That's one thing I'll say. I think that if you see your project doing well in the first thing you say is
Well, how does this help me think you're looking at the wrong way? I get it. I do. But I really think that you need to just give it a minute when you see something going well for your project. No one looks at it. I don't know. They then title it into the space where they get me off. The only thing I want to push back on is the idea
that these original pieces are going to be like Gen 1 charzards and that's what everyone's expecting. I don't think that's the case at all. I think they're just going to be like yeah like buying an original OG like Pokemon booster pack if anything at all but like I don't know when I can if we're really going to compare us to Webkins which I do think is possible.
No one says they bought they got a Gen 1 Yorkie or like a Gen 1 unicorn from webkins and that's fine I don't think rarity has to matter here I think that the point of this isn't I don't think the point of this is rarity but I don't know if you're buying the toys don't don't buy it for the sake of trying to get the next Gen 1 like
like OG legendary Pokemon, because you like the IP and you like toys are for what it's worth, it's a great IP and they're great toys. I will put it back in my perspective. Just my point on that, because I said that mine was actually owning the originals would be like, you know, the actual NFTs, not the toys.
That's like I just bought a few of each man. I'll see you guys in three years I'm killing on these fucking penguins man. Yeah, yeah, that wasn't a w just for the record but no, yeah, like I get what you mean I do think that's that's where the NFTs will shine I mean like you look at pieces of history and and that's kind of where a lot of people like go towards in regards to like
Remember Belia or activations and it's very clear the NFT holders will end up being the ones who benefit eventually But as far as the toys go no like it's a $20 toy Go go enjoy it have fun give it to your dog give it to your kid give it to your your your down on all your sister or whatever. I don't fucking care. It's fun. That's the point
I think that's spot on but do you got for us? Yeah, I'll make it quick. Yes. I've been DCing into the Pudgy ecosystem for a while now low key and I think it was the main thing for me was understanding the revenue share that's their brain on to then be able to wrap back in and create a unique value proposition for little Pudgy's big Pudgies and rods. I think rods are slept
on in that kind of was like the key for me when they said that it basically be a multiplier for license deals on chain drops and claims that will have in the future. So obviously I'm already thinking like what unique physical items are only going to be allowed for certain holders of all three, you know a big-pudgy little-pudgy and a rock. I think there's going to be ways that really build a unit
actually building within the NFT community and like what value proposition will be given back because of what they have on the web too front now. But yeah, I love you easy big up skies. So you guys have a great day. Drink some water. You know, drink some water. Stand up. Stretch your back. All the good stuff back from the white list grinding days, you know, but hey, great conversation today. Absolutely electric episode. Ended up going on.#
very well over time. But awesome dialogue about everything that's been going down in regards to the space. A lot of good takes across the Pudgy situation. It's good to have something NFT related to really dive into and hear a bunch of different thoughts on. I appreciate you all per usual. We're back again Monday, Brighton, early. Have a beautiful weekend. Enjoy it. Go outside. Touch some grass. Have some fun.
and just enjoy life a little bit. We'll catch you later.
I can never lose every day I wake up when they mama took me cut the bad hose off with a scissors make them disappear
Coming to the world, I'm whizzin' man, I'm high on the cottage, so you name it, can I remember? 'Cause it's obvious, overly obvious, I'm livin' fuckin' at my image, yeah One thing it needs to know about me is, all I ever want is love and money, yeah One thing it needs to know about me is, this watch that I like to be so much fun