GM NFTFY: What’s happening in web3?

Recorded: Dec. 2, 2022 Duration: 0:29:28

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Hey, my friend! How are you going? If you want to go up here, yes, let me know. I will send you a request of co-host.
How's it my friend good how about you friend Yeah doing great today is a lovely day. Yeah, it's it is it is
Brazil again and now already in the He's already the like passes the the first phase Yes, and now is just guarantee on
Not losing or not being people talking about it after, but it's already in good terms. And for those there watching the World Cup,
Yesterday, Japan won from Spain and was a beautiful, beautiful game. Now, Japan is leading the group and is
with Spain and leaving Germany behind. That's for our Brazilian it's a nice outcome. For a Japanese Brazilian it's not nice or out-calf.
Hermes, do you want to go up here friends? Just let me know.
How are you doing? Good. GM GM brothers. How are you doing my friend? Couldn't be better. Just missing money. But money isn't that that hard to find. We just need another bull hunt. Then everything is going to be alright.
as the father of us, the real rock star Bob Marnies said, "It's gonna be alright." That's the thing that you need to keep in mind. But just to
to tap into what's happening in the markets. How are you guys seeing what's happening in the market today and yesterday? We had a lot of things. What things you want to put into your GM? What's happening in your industry for you guys?
I'm watching some projects that are solved some some pump related to this event the art events that is happening in the US I can't remember the name right now probably you guys yes exactly art basil I've seen like projects
because of that. I'm following a project which I'm sure that Samoka is familiar with is the Space Adjects which is pumping hard is a very ship right now it's all point point all
Aging the last time I checked but it was a free mint so I think that they are doing great I'm cheering for them because the project belongs to two brothers that are super cool space adjits
They don't have the like the blue badge yet. I think 100 is.
And I'm confident, man. It's very funny because I don't know if you guys are a sharp guy, if you follow sharp, but I find it very funny because the sharp analysis are all the same. They come with a very common
complex explanation about or it is getting worse or it is getting better or maybe it can just don't move. So I find it very interesting but people from people that like to watch shots are confident. It seems like we are testing
once more to start to our reverse tendency to start growing up. So I don't know, I'm confident. As I told you many times before, I don't think that we are going any lower than where we are now. So we are in a good spot.
Yeah, Ethereum is up today. So Ethereum in USD is $389. Almost $1,0.3. So it's
It's almost being higher than the last month to gather. I think we are healthy in the healthy markets. I don't worry about our bool runs. I think that when this time will come,
But the thing is, I worry about healthy markets because for those that work in this space, the most important is that the markets are healthy and that things are not crazy or risky or stuff like that or inflated.
I like when things are solid and now it seems that they are healthy and solid. How do you guys see that? Do you guys think that more insolvency, more crisis is coming ahead or the worst or any past?
I don't know, I'm going to get into some subject regarding that crisis and all this thing that's happening in two crypto markets that like just yes, not yesterday, I think it was Wednesday, SPF did an interview with New York Times talking about
about all these crazy things that happened this past month. And I don't know if you guys had the time to watch this interview, but it was basically a horror show. He basically didn't answer anything and didn't have answer for any of the questions.
that danger of your did to him. And like with this author, with regard to specifically your question, I don't know if we are over it and something that scares me a lot is that we aren't hearing from Genesis like from
I don't know, two weeks ago. So I think that we may get to a point that Genesis is going to come back and say that they are broke and they are going to file for chapter 11. But I don't see that as an extremely bad thing for prices right now.
I'm comfortable at the very right now. And I'm just trying to understand what we are doing here, trying to learn more, study a lot, and enjoy the time for the next program.
Yeah, just that we need some other news from today and yeah, 30. Binance pauses withdraws with mid to the 5 million incur infinitement hunt.
So what happened is that some hacker hacked the private key of the developer of Anker and minted like infinite amounts of could emit
could issue some some anchor, some anchor without any restriction and now stop it because of the hack bet was five million dollars worth
of what was the amount that was hacked by this hack. That points me out of something that
was very low in any DAO or any token issuer or networks. It's the power of a private key of a developer.
I think that these kind of stuff are pretty, there is a lot in the markets and I think that it is a point of failure because there's a point of centralization. What do guys think about it?
I actually go ahead friend. I didn't follow along what happened to anchor. I know that it was some ratchet, but I didn't quite understand yet how everything happened. If Harimers want to step in here, please clear. No, I don't have much information about it.
I was just looking for a genera key answer to that because we thought like let them face to a more open answer about the developer key man. We don't have yet an alternative to that.
Because one of the biggest problems is that people don't trust each other. When a dev is trying to build a contract and a project, I've been following these very closely.
lately because of my work with Web2 projects and it's very hard to develop together because they never trust each other. Every time you bring a dev in you are putting your project in place because they learn
the paths, the ways to the core of our project. So I think that we certainly need an alternative to that, a way to build, like in the centralized way, you know, like a source pool
that cannot be changed and things like that that can protect the project and the deaths from each other. But it's certainly like one of the toughest challenges that we have.
Sure, that is something that we need to always worry is we don't want to trust one another. We are in an environment that is based on trustless behavior and that's something that we need to incorporate in
and technology as well because we have the tech to avoid being having these kind of point of failures. Depping into other things guys, I talked a little bit yesterday but I want to tap into today.
It is why Pudgy Bingwings and Cryptods are so popular among defy people. I tweeted this in my personal account and I didn't have an answer but a specific answer. How do guys
to think about that is something that I've been noticed for a while was in the Unisop and was a point of being doing. What do you think? This is, I know that could follow more about it. What are the thoughts about this could?
Yeah, so I don't know why everything happened, but I know that a lot of influential web3 people and not influential in the ways that he is an influencer, but influential in the way that he works on something
part of the team of Unisob and a lot of people have their own PuDuPeng, I forgot the name of the ones that I follow, but I see a lot of people using PuDuPeng
I don't know if that was like that that's something that the people understand or know but I see this as Like something that really gets traction to the project because it makes in the end of the day makes people
feel like there's the third part of the community and we know that community it's one of even the most important thing on web trade so I think that's the reason and I know that what you're paying is working a lot right now
some partnership, like I think it was two or three weeks ago some big partnership and they recently also launched another an ethical action that was called I forgot the name but was like something regarding to budget paying wings
and their ability to like I forgot the name in English. How can we say that in English? Yeah, I forgot the name of the collection but it is a little of some concrete collection that's also like not trending on open seabulls.
collection that had a lot of daily volume. So I think it's about community, man. In the end of the day, it's all about community. If they have a lot of people engaged in helping to build a project, that's why we see them everywhere.
Yeah, exactly. It's all about that. It's a network factor, I think, but it's interesting how these Google actions have so success with defy people. But going ahead, we have a news here from an article made in
with Gary Vee from the NFT now. And one thing that I really stood out with me was that he always asked people in the run about how they would create demand if the market's softens. And that was not if
was it was win so he was already into this mindset that the markets when they will soften and the thing is the markets already are like not good for every collection but for some collections
It's a good time or a time that is they are not suffering as others or they are building regardless. So for you guys what makes a project that drives demands or that creates their own markets
despite the whole market, the macro markets being bad or not with liquidity enough. What makes a good product a good product?
There's a lot of things like moving that but I think the most important is like innovation and creativity. We see that a lot of collections try to do the same like the same cake recite and they basically ended up failing. We saw that you got a basic
created an empire that is really huge right now and that's because they created something that we had never seen yet. So I think that's the two most important things. They need to basically keep innovating and keep creating things like cryptography.
trying to make, like, given space to the community to help them because community is everything and keeping of it, we saw that as you did some part kind of partnership with Red Bull, we saw that like part A, we have always like, tried to
create something, it's not every time with yoga, sometimes just like some owner tries to create something because of the rights, but in the end of the day it helps the whole collection to get like recognize it and that's very very important, so my answer is that
keep innovating, keep creating new things, keep doing some cool partnerships because even though we are on a bear market like the Web2 is still here so do some partnerships with like I don't know brands with some crazy crazy brands and create some kind of
co-experience for their holders because like that's everything man. I know that a lot of people just buy NFTs for their if they find like the PFP pretty or not but if you keep creating new things the community will always be there for you.
Yeah, exactly. And I think that the collections that survive this period and then can drive demands in this period are the ones that will last and will have proven that they can do and they can embrace chaos and become
stronger, despite of it. Just stepping to, this is going to be the topic of the week, I would say, it's Uniswap doing what they do best, launching cool things. When we
started to say about UNICEF. Most of people look at into NFTs, look at to have a strength feeling because they are strong in defy and never tapped into NFTs and then they acquired Genie.
And Janis was aggregator and now they are into Unisop. Scott Gray, that is the Janis founder, now is the Unisop NFT Chief. The thing is, he said in an interview,
that the market place, the Inusop, would be the market place for all digital assets. This is very interesting, especially for us, because as I said, DeFi merging with NFTA ecosystem is something that
It's very interesting to see because we can incorporate, we can create more tools and features to create, to boost the DNFTA ecosystem. But just to tap into this, saying of Scott Gray,
You will see that digital assets is a world as we talked about reddit, changing the name from digital collectables and Ft2 digital collectables. Now we see that
Scott Gray is tapping into digital assets, not tokens or non-vonible tokens. Do you think that these can be the next pathway? How you analyze that?
That's a tough one, friend. I don't like to make predictions on crypto, because crypto always amazes me in the way that render things happen. Not only cool things, but bad things too.
I see that there is a movement in that way right now but I don't know if that movement is going to keep increasing. I know that and I think it's a healthy movement. We all have used it some mainstream marketplace.
and mainstream platforms, but we can't keep up using the same protocols every day. We need like innovation. We talked earlier on GM this week that - had more than 75% of all transactions on centralized actions, and we said that basically
Basically, we need more competition, we need a market that creates new things like basically on a daily basis because that's important to us as a ecosystem for a foreign ecosystem grow. So I think predict the future, but I see that as an
healthy movement and I really hope that Uniswap continues to succeed because I really like it then and I really hope that with this move they start to maybe launch some entities create some other new cool things because I really really cherish for them.
Yeah, that's something that we want to wait and see, but yeah, it's an exciting time to be involved in NFT, Indie file and the same time and tapping to a little bit of each ecosystem. Just tapping to quick news for our
ends of GM. We have some people being judged or arrested because of Luna in South Korea and they are seeking to arrest they didn't arrest yet and
the three arrows founders are being awaited in the Singapore cart to provide financial documents. So people that were involved in the biggest scandals of this year are now being charged.
and to some local gestures is this in-pen mostly Singapore and Korea. Just having to other thing is that Stripe is also making his way to
We'll use it in the North hemisphere for e-commerce mostly.
in Europe use a lot of stripe for e-cours so maybe something really bullish going on here. Could you have any other other quick news? Yeah, yeah. I think we have a lot of news in the week.
I just saw yesterday that Apple is fighting with Coinbase wallet to transfer NFTs. They are charging 30% and Coinbase didn't find that possible. So they are basically fighting as I know, I didn't check if there was
was an end to that but I don't think it has. And I was going to pass on that. We can't talk more about this in the next space but we also didn't talk about the regulation that was kind of approved here in Brazil. He's not like, he is not like a
to the end yet we need the Presidents to sign it, but some crypto related regulation here in Brazil is coming. I recorded a podcast yesterday with some legal friends to talk more about this.
And just to say some things about this law, it's shitty. It wouldn't affect anything that we are building here. It would just affect centralized exchange. And it definitely will not make Bitcoin as a way of payment that was reported by
a lot of journals around the world. It's just somewhat a revelation that we will impact the centralized part of crypto and not define, not stablecoin, it's not anything that we are building here. So we are cool until the next time.
Yeah, I know that a lot of people have misunderstanding of what's happening in local areas and that's something that's natural, but it's something we don't want to do that new getting wrong mostly because
because it's not bearish and not bullish, it's just normal regulation being passed, it's not something out of reality. But that's it guys, thank you for following our jam for being here today.
And have a nice day, have a nice game. Today Brazil have a game for those that we were watching. Have a nice game, my friends. Have a nice weekend as well. Thank you, see you next game. Yeah, it's time to say so, my buddy. Yeah, my friend, my buddy.

FAQ on GM NFTFY: What’s happening in web3? | Twitter Space Recording

What event is currently happening in the US which is prompting new projects?
Art Basel
Which project is the speaker following closely?
Space Adjuncts
What is the current price of Ethereum in USD?
$389
What is the speaker's opinion on the state of the cryptocurrency market?
Healthy and solid
What event prompted Binance to pause withdraws of Anchor?
A hack which allowed for infinite issuance of Anchor
What is the speaker's opinion on the power of a developer's private key?
It is a point of failure and we need an alternative solution
What is the speaker's question about Pudgy Bingwings and Cryptods?
Why are they popular among DeFi people?
What is the speaker's opinion on the importance of community in web3?
It is one of the most important things
What recent partnership did Pudgy Bingwings announce?
Unknown
What is the speaker's opinion on the current state of the markets?
Confident that they will not go lower than their current position