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JPEGs are back! | Web3 Unchained
Recorded: June 24, 2025 Duration: 1:09:49Space Recording
Short Summary
The latest discussion in the crypto space reveals a resurgence in NFT interest, with significant community engagement and strategic partnerships driving growth. Key insights include the launch of Moon Cards Game's NFT rewards, the emergence of new trends in community culture, and the increasing number of unique wallets participating in the Ton ecosystem.
Full Transcription
Thank you. GM, how are you doing, guys?
Hello.
It's time.
It's actually one minute to go.
And today we're a bit early.
So we're one hour and one minute early.
But I hope people will reach us.
They have seen it on X and they will join us soon.
I see the first speakers popping up.
That's perfect.
Yeah, we have a very strong lineup today.
I'm so excited to hear from you.
Let's go.
Victor, you're at an event, right?
You have like five spaces today in one day.
Yeah, well, it's a a lot i gotta be honest with you
so i had the interview with bloom in the morning um now we're having jpegs are back then we also
have ton demo day with a lot of vc investors and he's gonna be very interesting one too
and then there's also a grateful show later in the evening.
We have grateful Abe here on the stage with us as well.
So yeah, as you see, it's a jam packed day just with the spaces alone and
very happy to be here today.
I think it's phenomenal.
And I love the fact that there is a ton of things to discuss.
That's awesome.
So that's a full day.
I hope all of them are NFTs.
About NFTs.
Almost, right?
So that is a signal.
That is a signal.
Besides, like, well, I'd say 50% of it is.
So let's put it this way.
Okay.
That's pretty good, I think.
So we have GratefulApe.
We have GetGems. We have Victor, we have IcyCocktail.
Requested. Yeah.
What's up, guys? How you doing?
Hi. Awesome day. Grateful to see you.
Same, guys. What a beautiful day here.
Absolutely hyped to be here with Ton.
We will definitely have a ton of things to talk about.
And NFTs are my love.
So I think this is a great space to be today.
Perfect.
Let's go.
So I have some co-hosts helping in the background.
So hopefully we will get everybody on the stage.
And I think it's time to start.
So we have another episode of Web3onChain. I'm Boลพena. I'm your host today. I'm
founder of Gamee. Gamee is actually one of the co-hosts today gaming platform with 100 million
users. And we have another co-host here with us. It's a show sponsor. It's a Moon Cards game. It's
a Telegram. What else? Trading card game. each card is a meme coin, players battle it out.
And today, now listen carefully, today Moon Cards game is rewarding people.
Everybody who retweets, there will be a lucky draw and one person is going to get an NFT.
And not ordinary NFT, it's going to be a ton gift, collectible.
So it's worth retweeting.
Now hit retweet.
You are in the lucky draw.
And of course, engage
with us, comment your take. There will
be lots of other rewards from Moon Cards game
trading card packs.
So less than
engage, comment, retweet. Moon Cards
is watching and will give you rewards.
Now today's topic is simple.
Exciting. JPEGs are back
or are they? We actually asked in our Telegram community, we got 500 votes in real quick and we
asked NFTs are back or it's Elite Flex only. 70% of people said we're back. We're back. So today
we'll unpack the state of the market. What is hot now and what might be coming next?
We have amazing lineup.
Let's meet our speakers today.
I'll maybe quickly say who is on the stage,
and then we'll go into an icebreaker
so you can add some color to my quick introduction.
Okay?
Okay, let's go.
So we have someone you know.
His name is Victor, a long time contributor to Web3 culture, head of community in Ton, I believe. We have Ethan DG, do we have him on stage? Yes.
Yeah, we have him right behind Ton.
GM, if I mispronounce your name, please correct me. But founder, builder, no stranger to nft market dynamics expect some signal we have
zenith ton also right do we have do we have seen it on stage already no he said he's joining in
a couple minutes joining so another sharp take on ton ecosystem leading nfts we have grateful ape
through og in the n trenches, Community Voice,
Host of Grateful Show, Collector, and someone who has seen cycles come and go. So expect some alpha
there as well. We have GetGems, we have a leading marketplace on Tone with us to, you know, supply
us with trends and data and a lot of alpha as well. And we have Cocktail3306, Crater Collector Community Force.
Welcome.
Now, let's get the discussion flow.
Disagreement is welcome,
but I think everybody kind of is on the wave of JPEGs are back.
But if there is any naysayer,
feel free to say it's not yet there.
And we started with an icebreaker.
Okay, so let's warm it up.
What's the last NFT you minted and wanted to mint?
And are we back?
Yes or no?
Who wants to start?
I can start.
Victor, go ahead.
Yeah, like, look, I really tried, like, not a joke, to get some NFT stickers.
But that did not work out.
The last five times, it was impossible. to get some NFT stickers, but that did not work out.
The last five times, it was impossible.
So it doesn't matter how much I try, how prepared I came, I was not able to get them.
And then before that, the one I also really tried to get and I also didn't manage to,
had a supply of 150,000 NFTs, and that was the telegram nft gift unfortunately for me this collection was sold out
in 24 minutes and i did not manage to get one um so i'm a little bit upset over this one because
now i have only two kinds of ice cream for the kids day um instead of three and i kind of feel
like i should have been more you you know, paying more attention.
Yeah. At least we know it's a free launch, right? Not even Victor can get a sticker.
Look, it's not even funny. I got zero of Azuki's. I tried, I tried Chimpers. I've tried bike stickers. I mean, obviously that I was like, I don't know, some people got it like,
guys, you're, you're machines. I don don't know how did you do that like i've
i've tried it froze i even made the video how it froze and nothing was working um you know and and
funny enough like people were able to buy it with ton but with stars it literally froze i've tried
to go and buy it with ton but they also been gone at this point i was late for like eight seconds
maybe uh maybe maybe if you retweet you you know, you'll get a gift from
one cards game and maybe it will be the one you want it. It's not a
sticker though. It's a gift.
That's good. I mean, I've got like 700 of them. Maybe I'm going away a few.
Okay, who's next? Grateful. You want to take it? What's the, what's the last
thing you minted?
100%. Last NFT I minted was Night Gliders on Ape Chain. So yeah, that was nice mint.
I got guaranteed, so it was easy. And I've been minting probably one NFT at least each day on different chains,
whether it's on Somnia Testnet or Ape Chain or ETH.
Yeah, because I really believe that buying one NFT a day will keep a doctor away, right?
So guys, keep buying NFTs.
That's awesome. I love the recipe.
Gaptail, what do you think? What's your latest NFT wish or mint?
Yeah, my last mint was Abstract Universe, I think, on Abstract,
because it was not the best mint of the year, to be honest.
But I have the same experience as Victor has on Teregrom Seekers recently with the Chimpers one
that had been sold in less than a minute.
So yeah, I was trying also to refresh the page and spam the buy button. So now I have some stars
on Tone that I'm waiting for the next talk to use. And yeah, I think NFTs are back. It depends.
I mean, in terms of vibes, it's definitely back. But if you look at the volumes of NFTs are back. It depends. I mean, in terms of vibes, it's definitely back.
But if you look at the volumes of NFTs, we are still a long way from the hype we've known in 2021 to 2020.
Right. But we're working on it. All of us.
Yeah.
Minting every day.
Awesome. Thank you. Thank you. Get what's your what's your latest mint
hi how are you uh my week on ton has been very crazy because besides stickers and like i had
the same issue as victor being super excited about the drop coming up completely unable to
mint it because everyone's been minting at the same moment.
But beside that, there was like launch pads happening on Gajams.
And we also had a collab with an artist
and did a free NFT drop to everyone who joined the drop, basically.
And that was my last mint of like a new NFT.
But beside that that doing marketing for
get gems i mint gifts every day just to give you just to give gifts to the community and do like
some activations and giveaways so yeah it's been pretty crazy and for me the vibes are so high that i can on my in my opinion nfts are so bad
i love to hear that who's next who's next ethan you want to go um well i i know why everyone on
the stage hasn't been able to get the bayc stickers that's because uh that's because
i'm in all of them that's because i'm in all of them guys we're all mine okay okay yeah i i had i had to get some uh board ape stickers you know um i used to
be on the team back in the day so i had to go and support the boys um i wasn't able to get any
izuki or chimpers ones so i was happy with at least getting some Bored Ape ones so I'm pretty hyped with that
but I'm definitely going to be minning some more NFTs into this NFT season because it's only just
getting started oh wow okay let's go let's go so and we have behind the tone profile
we have the last speaker let's go oh no Jacob no, Jacob. Jacob, sorry. Wrong. Yeah, go on.
Actually, I see two-tone profiles as speakers. Interesting.
OK, it works.
Yeah, let's go.
No, no, we can't hear you.
No, it's all good.
Let's go.
Let's go . bro how many blush pebbles have you got
only four yeah i also got only four bro no worries i feel you i also got only four, bro. No worries, I feel you.
I also have only four.
Okay, thanks for the icebreakers.
So we hear very cool things that you guys managed to mint recently.
I have some Telegram gifts, but I didn't get the stickers that are on the wishlist either.
So too bad, too bad.
But now let's zoom out a little bit
are coming the white list are coming so it will be okay we will be able to get something finally
all right um okay i'm taking a note now let's let's zoom out uh everybody's talking about
uh and it depends you know it depends where you look people are talking about nft pumping or
crashing i was trying to look for some trade volumes or some recent articles,
and depending at which week or which day, you get a different headline.
So I'm now a little bit confused because people say both things.
They say NFTs are up, NFTs are down, and there are a lot of new players, right?
We have Tone, we have Apechain, Immutable,
because beforehand we were only hearing about Ethereum as the gold standard
for NFTs to actually get value. But now we're getting another story as well. So we're also
seeing more and more people actually engaging with NFTs. Thanks to Ton and Telegram, also on OpenSea,
they're reporting that they have the highest amount of users, half million people doing transactions monthly, which is the highest
since 2023. So some numbers are there, some volumes are down. What is your rate of the
situation? What is the market sentiment? Is it like real momentum, microhypes? Where are we?
Where are we right now, people? Yeah, that's a great question um I think that first of all it is phenomenal to see
that people finally see NFTs not just as we call them NFTs even here right now but as collectibles
a little bit more and start to understand the value proposition of some of them so throughout
the time that passed since the bull run in 2021 and 2022 till now, there
is many communities that never died.
They developed their real businesses.
They developed their IP, the new exposure, new communities.
And that's continuing.
And I think, for example, Pudger Penguins is a great example of that, right?
Bored Apes as well.
They expanded a lot with their IP too.
Azuki, et cetera.
There is a lot of brands that have
been consistently working on it and i think that yes it is challenging because this uh the level
of hype and foma is not the same as it used to be in the past what's interesting here is that now we
are organically onboarding people toward this part of the ecosystem toward the collectibles
that actually interested in it and we see a very positive and organic trend this part of the ecosystem, toward the collectibles that are actually
interested in it. And we see a very positive and organic trend line here of the expansion
toward completely new audience. And this happening majorly due to the fact of the Telegram integration
with Ton, of course. But the NFT GIF has been proven itself already as one of the best onboarding mechanisms and in fact there is
more than 220 000 unique wallets that already traded uh nft gifts and more than 50 or 60 percent
of them all being created this year alone which means they've been created to trade nft gifts
they never used blockchain or crypto or tone before it's completely new wallets so
seeing this dynamic and then when we went uh basically onboarding people one-to-one and
then if could share a little more uh they've been surprised how easy it is to use and they
naturally understand this is a cool digital collectible that you could just use in games
displaying your profile and it has some value on the secondary
market i think this tie into a massive utility into an application with over a billion monthly
active users it is one of the major steps for nfts at scale and we are really happy to see
from our side that it is helping the whole NFT industry to actually gain
some momentum to get a brief or fresh air and new people coming in. Because that's been one of the
biggest challenges is that there's been no new people exploring NFTs. And yes, the OGs are here.
Yes, they are trading, but this is stagnant trends and they're not expanding as much. Today with
Telegram and so on, we really got an
opportunity for the whole NFT market to find a completely new way we see NFTs and interact with
them. And I think that's a very positive trend. And the majority of the OG NFT brands already
launched their stickers and surely there will be more. I mean, follow their official announcement
channels and you'll see who's been saying that, yes, there will be more. I mean, follow their official announcement channels,
and you'll see who's been saying that, yes, there will be some more. For example, Bordeaux
will be releasing a Mutant Ape collection version as well. But they firstly wait for the whitelist,
and maybe a couple other features too, which is totally fine. And I think this is a very good
development of the market. It really reminds of these early days when even whitelist wasn't the thing and then everyone went grinding for them heavily this is yet to happen guys look we're
still so early to nfts at scale in my opinion thing collectibles is really going to have a great
future and is going to be one of the major uses of the blockchain technology and and it will
transition from being really tech savvy oriented
to very user friendly, as it is becoming with gifts and stickers today.
Awesome. I have a follow up question on the Ton ecosystem. Victor or Zeynit, if you want to take
it. I was looking for some data, right, on trade volumes volumes and I was looking to give you some numbers and you actually gave us a 220,000 wallets, which is awesome.
I was looking at the places like Crypto Slam or the block and it does not show any data
around NFTs on Thonchain.
Why is that so?
Well, because this is so early.
You see, this is my point.
And when people are like, oh, is it like already late for NFT gift?
And I'm like, guys, look, it's not even integrated anywhere.
It's like the data aggregators is only getting it in.
But to answer your question, of course, I have a place where you could see all the data.
I will pin that to the top for you.
You could just see this particular piece of this thread.
Overall, for everyone in this space, I wrote an incredible thread that is addressing everything that is happening in nfts on ton it is on my pin post and in this thread uh this particular part that i just been to the top
is all the places where you could extract the data you can see for the nft gifts for stickers and
then you can see for an entire volume of nfts on ton in comparison to other you can take only on
chain metrics you can take on chain off-chain because a lot of gifts
been traded on the off-chain marketplaces.
And so you could have a full outlook right here inside.
You will also find some of the biggest sales in the last 24 hours, etc.
All these accessible via the data that is mentioned in this particular part of this tweet.
So feel free to observe, check,
and have fun exploring. Checking. Love data. Thanks. Thanks. That's really helpful. So,
Cocktail, you have a hand up. What is your read of the market? Yeah, I think it's all
interesting. I must agree with what he said. I don't know if you have seen the Chimper collaboration
with Final Browser, that we're creating a special drops
of cards, creating cards.
And I think this is the kind of initiative as Ton is doing
on the blockchain, that will bring more adoption
in this ecosystem and i i think the industry is just mattering i don't think we
will know another hype as we did back in time but i think there is really a momentum where the NFTs are democratizing over more people.
And so, yeah, I really think we are in a shift right now.
And a lot of tools and a lot of actors in the ecosystem are working towards this vision.
And that's really great to see.
I didn't mention abstract, but they are also doing something great about NFTs.
I mean, at their launch, the Mint went really crazy,
and Final Bossy, for example, are doing really great right now.
And I also think about Pools.
It's a project I'm working with as head of marketing,
and it is a platform where you can have
fractionable NFTs, ownership of NFTs,
and to bring some more liquidity into this ecosystem
and allow people to get into communities, try it out,
check if it's matched with, if it's wild vibes with them,
if it's much with if it's wild vibes with their with with them and just go easy yeah it's it
allow people to have a better entrepreneur into big NFTs like or you know the NFT you cannot
really afford by yourself that are really expensive yeah so love to hear you actually
live and breathe NFTs as a collector but also
working for uh for a project that pushes nfts yeah yeah i'm shooting nfts yeah working for a
blockchain that pushes nfts oh yeah okay uh zinid uh you had your hand up um so i would love to hear
your take and maybe some spice to what what do you think is
behind the success of gifts and stickers well hello everyone uh i don't think i've spoken yet
uh so i guess i'll do just a quick introduction i'm the nft leader at tom foundation uh i think
that's about it really yeah it's fine i've been with tom for the last eight nine months been having
a great time especially with nfts welcome now in terms of where the nft market is right now what with you know and i guess
behind the success of gifts and stickers it's there's a lot of i would say unease within the
nft market in terms of the overall market within different chains and of course on ethereum too
because everybody wants that bull run to come
back but some bull run to come back there needs to be in my opinion something new something that
people will want to you know explore uh that feeling that what we had back in 21 22 when you
first got into nfts and you were like okay interesting you know there's communities building
i what's a white spot i want to go and and you know I want to I want to go and find out a little bit more about that I want to see why people
wearing these PFPs you know um and with with something like current PFP NFTs we can most
likely still have that but it's going to be in my opinion a little bit more difficult to get that
started and this is why people are looking at new narratives, new things. And, you know, if you take a look at how many NFT PFPs have launched this year that, you know, they have successfully, you know, off the top of my head, I would think Good Vibes Club.
You know, that's probably one of the most successful PFP launches, you know, this year.
Right. But in terms of actual narratives, people are also looking for new narratives.
They're looking for a new place for where NFTs can be.
And I think this is why GIFs and stickers kind of have stood out
because it's something that's not been seen before.
It's actually fun.
They have a deeper level integration into Telegram themselves, right?
And also specifically, you know, let's say behind the GIFs,
it's released by, I would say, more of a trusted source, you know,
a multi-billion dollar company that has quite a lot riding on it, which would definitely try not to, you know, mess this up because,
you know, there is a big reputation behind it and their community is the community that's really
on the uptake when it comes to buying, selling, trading gifts, right? And I guess, you know,
to top it off, it's just, it's okay it's new it's exciting believe me for the
past six months that i've been uh diving head deep into gifts uh it's just been i it's that fun you
know that that little that little missing piece that we've that we've lost since 21 and 22 of just
exploring understanding what different collections there are uh what different models are within
those collections and actually creating other mini collections based upon different model looks and just discovering
things.
And also just seeing what other mini apps are launching around Telegram and giving specific
benefits to gift holders, to other NFT holders.
It's a lot of fun to explore.
And if you're somebody who's thinking about maybe trying to explore gifts and stickers
on the side of Telegram and Tom, go it you know yes you you spend some time you definitely spend some considerable amount of time
and you will have fun but if you don't you know but at least you've tried right and that's what
that's what that's what it's all about if you're still preferring bfb nfts not a problem you know
they will always be around they were the start and i think they will still survive and is that will be here for for a long time but if you want uh you know a more an ecosystem
that i would say is a lot more um designed for nfts in my opinion then telegram ton nfts will
be the one uh to do and that includes pPs as well. You literally have the ability to provide some of the best utility
that you can think of through Telegram mini apps for your NFTs,
whether it's stickers, whether it's PFPs,
whether it's literally token gated communities.
You can do all of that within Telegram through communities themselves
because you can host communities on Telegram
and you can build Telegram mini apps
and provide any utility that your imagination
comes up so this is actually what's really cool and i know about moon cards game that is also
preparing um is for everybody who has any gift in their wallet uh they will provide some advantage
in the game and the launch is pretty soon so that's one of the alphas of of today and we're
obviously super bullish on telegram and Ton, but also
there's a lot of going on outside of
Telegram and Ton, and this is
where maybe Grateful you want to step in
and give some color on
how do you see the market
right now, and do you
see a market tick also outside
of Ton in other communities?
100%. Can I
just quickly clarify with uh Victor.
Victor did you say that mutant seekers are coming to Tom blockchain? Is that breaking news here?
Yes that's accurate. No they they've mentioned that. Oh really? But yes they mentioned yes they did.
They've mentioned that.
Oh, really?
But yes, they did.
But they said that they want to make sure that whitelist function exists by that time.
I just tweeted.
Yeah, it was somewhere in the tweet.
No, it's been communicated by the official team.
Awesome.
I just tweeted it.
Thank you so much.
About the NFTs, I stopped actually watching floors.
I stopped checking volumes.
I just tried to buy what I like, what I enjoy.
I think we never get back into 2021.
I think it was a special moment at a special time.
It was just the different.
I don't think we can replicate it.
But I also believe that we need to make the technology invisible
for the collectors and customers and how you want to call them.
Because my experience from 2021 was that most of my friends that got into NFTs, they got scammed.
They lost their keys because they don't want to learn stuff about how to set up wallet, how to do this and that.
We saw many examples.
I think Hugo did co-op with glyph
right which is easy what that you just sign up i think that's gonna be the future like make it easy
for the collectors to actually collect and i thought about it like in my real life i don't buy
things to actually you know make them more valuable i just buy them because i like them i want to use
them and i think with collectibles and nfts it probably will be very similar like not every collectible that you buy will go like
10 100x right so i think 2025 2026 will be a bit different i see a very good sentiment on chains
that i'm participating in mostly ape chain like people are having fun it's it's mostly from byc community so
a lot of members are launching their projects there we will have other sites also expect
collectibles in that game but i see great vibes in my bubble but it's so hard to be involved in
more than like three communities i would say it's it's almost impossible so i just collect what i like i
collect to support people actually so that's probably the the biggest use case for me if i
see some of my friends launching collection i don't even know what it is i just mint it to
to support them so yeah and i think these stickers i think they are great also for brands because if
if you got made i don't know if it was like 500k or maybe even more,
like that's a great way how to expand out of your collector's bubble, right?
We always talk like we need to expand out of our bubble.
Like this is a great way and I think projects should do it more and more.
Like don't sell to your collectors, sell also outside of your collectors.
That's why I don't mind that we didn't have any of like
a low list or white list or whatever.
I don't care because people bought it.
They sold it out, right?
So absolutely love that.
I love that mint.
Yeah, I didn't buy.
I couldn't buy.
So I just right click save it like back in 2021.
So yeah.
Okay.
That's a 2021 vibe yeah awesome exactly uh yeah did you have a hand up or connection issues i wasn't sure because it appeared for a
bit connection issues yeah uh just to reiterate before when you asked about the macy pack i think
the phrasing was incorrect in one of the posts i think what they meant by is that uh i think the
next pack that they launch is going to be 100% available only to basey slash macy holders instead
of launching basey and macy pack so i don't know if it will be coming but i think that's what they
meant when they made the post in terms of that i just just don't want us to say that, you know,
Macy's will get a pack.
And it was just phrasing.
We found the post just to double, triple check,
by the way.
What if we many people wish it on X
and then it happens?
I mean, look, you know,
if their next sticker drop is successful
and it's just, you know,
the actual Basie and Macy holders
and everyone's happy,
I'm sure they're probably going to go ahead and do a Macy do, you know, of course, like, I'll be honest with you
compared to if you compare AC and Macie, I personally love the Macie art a lot more because
I just like colors. So for me, that that will be something that I'll be very much looking forward to.
Well, the more stickers still coming, but they want to make sure that the whitelist function exists.
Yeah.
By the way, could we, Zanofi, if you have this post, could you pin that to the top so that we could have the official reference?
Ethan was the one I found.
Yeah, I can go and grab it.
It's Gaga that posted it on Cirque.
Yeah, I've been looking for forever yeah okay it's very very
useful let's spin it so i'm now i'm losing a little bit track of the hands because now i
don't see any and before there were some but we're still at the what's your read of the market and
some people have not spoken yet so uh some guys jacob um right even which tongue guy
right?
Ethan
Which tongue guy?
Which tongue guy?
So what is the signal?
What is the signal?
There's a ton of guys on the stage
is all I know.
Looking on chain, looking in the community
what is the signal that convinces
you that JPEGs are back?
JPEGs aren't back
it's on chain aura that's back um people want to flex
um that they got a lot of money you know like jacob's got what what is that like
60 000 of plus peppers bro he's got a pretty nice tesla on his on his telegram profile you know it's
pretty sick gets him some clout and aura um but yeah that's a
great way to put it but for sure for sure i keep bringing up the the phrase on chain aura and i'm
gonna make it stick and i'm gonna start charging for it um but yeah i think the i was around when
board apes like came about like in 2021 i watched the whole thing happen. I think the reason they sort of became
so popular was because it was like it was cult vibes 100%. When people say oh you guys were a
cult and we say no we're not a cult we're not a cult we totally are. I don't know who we're kidding
we definitely were a cult. Maybe we didn't have a god but it was a cult we still are man we still are
we still are for sure for sure
at least we can admit it now openly
but I think one of the
main reasons that NFTs kicked off in the first
place was just network effects
you know the more people shared them
the more people got interested
the more people wanted to flex that they had money too
on Ethereum or on Twitter
or whatever else or join the club on
discord um and you know these assets are appreciating quite quickly in value as well
so there can be a bit of a speculative um side of these uh purchases but you know um and what one
thing i would say that people should definitely do is um a lot of people didn't take profits in the 22 23 cycle um if you've made
like a ridiculous like life-changing amount of money on these plush parfaits like please please
just sell one like just take some money back home and say look i made a lot of money but at least
i've still got my on-chain already i know you can sell some keep keep some, whatever else, it doesn't matter.
But I think the vibes are definitely back.
I think tons of blockchain to do it.
It has a new way of doing it rather than Solana NFTs with just Ethereum,
NFTs with less gas fees.
A ton of NFTs are NFTs but integrated into an app with 1 billion monthly active users.
So that's probably the biggest thing about it in my opinion um and they're just so easy to use you know you can
ask someone their telegram handle send them an nft immediately they don't even have to make a wallet
and then they can wear it on their profile super easy that's how i got onboarded zenith did that
for me he sent me a swiss watch and i was like, oh shit, this is pretty good. And then I bought 30 more watches
So he's a great salesman, you know, this guy Zenith. He's a great salesman
Guys, don't expect Swiss watches now. When I sent it to him, it was like seven tons. They're like 70 now. Yeah, we're up big
Bro, you start buying at four and gave at four. I could also use a watch.
It's fine.
Yeah, I can show you to the marketplace if you want.
But yeah, just to wrap up a little bit.
I'm basically very bullish.
I'm very degenerate and I'm all in.
There used to be a saying,
kind of working with the gas fees,
that if it's expensive to mint it,
this is how you define value.
And a lot of people are saying
because the minting on Ethereum is expensive.
This is why the most valuable NFTs are on Ethereum.
So is this over?
You're all speaking about ease,
I don't really see a correlation. on Ethereum. So is this over? You're all speaking about Ease, sending, Ease, minting.
I don't really see a correlation.
I don't
see a correlation. I don't know if you guys ever
tried to mint the other side mint.
Yeah, the gas fees for that, I paid
at least $2,000 per gas fee.
Only?
Those are rookie numbers.
Those are rookie numbers.
Sorry, it wasn't 2000 it was too easy exactly
and i meant it like 10.
so like that was a lot in gas so the gas the gas fee was baked into the value no at least
exactly i have 24 right now and i'm still buying guys you need to keep buying so the the average price is lower guys
You know
Sitting in his own banks you had to be there you really had to be there that night. It was the most insane
They'll never be an NFT mint like forever again in history. That was it
That was the most insane mint of history
other side by the way when we talk about yeah the other side i don't know if someone mentioned
about it but the jet gems have already zero percent fee for trade on telegram gigs and it's
very cool like for traders really like what you do guys thank you, I think that's been very helpful to the market as well.
I hope the next month we'll be the same.
So zero trade fee.
Yeah, some builders had such a high fee.
It's a zero trade fee. Yeah, they have zero trade fee.
It's a zero trade fee for Telegram collections.
Telegram collections.
So that will be GIFs, that will be Telegram numbers, that will be Telegram usernames.
And yeah, well, we saw that the volumes are insane and how much of a drive it is into the ecosystem.
And we are trying to push all of those gifts to be on chain.
So we're removing every barrier we can see.
And the fees, the commission, the trading commission was one of those.
And we're like, OK, well, let's just drop it.
Because why not?
Because why not?
So this is an interesting topic and there has been a lot of
talk before about the royalties and trading fees on other marketplaces as well and i understand
there is a difference between royalty to the creator and trading fee what is what is your
what is your take on that what is that like how does the ideal future look like uh we are very pro royalty when it comes to creators 100 and we let the
creator themselves set the royalty for their collections and that's untouchable that's
unchangeable for us uh but when it comes to like such giants like for example telegram so we did like an option exclusively for
telegram collections though for telegram usernames and numbers hundred percent
that the buyer can choose even they want to pay a royalty to the platform
meaning the telegram who created those collections or they don't want to pay the royalty so only for those giants we gave the option for for a buyer to
decide otherwise if it's a if it's a creator if it's a solo creator if it's a
brand they set the royalty and that's untouchable but also my quick take on if we are in the new hype cycle or we're not i don't know uh but 2021
was a wild west it was insane and a lot of cool things have been happening a lot of bad things
been happening as well but i feel like right now the market is definitely maturing.
The ecosystem, the whole NFT thing is maturing.
And it's getting a bit more balanced because we see those brands are growing.
And some of them rather than just creating speculative assets for the community,
they're also building on top of that actual product.
And for example, Pudges releasing their collections on Tone in
stickers as well but also developing a game on Telegram and inside that game
there's like big NFT collections as skins for their characters of the game I
think this is just the start but this is something very it's like a healthy
trend in my opinion and thanks eating
our time we only have 20 minutes left for two blocks so we kind of have to merge uh past and
future in one so but that's okay we can do it uh it's a really great discussion flow so let's not
break it and since many of you mentioned a little bit of 2021, why don't we touch on what's the lesson,
what's the scar you carry from that time?
And like, what are you expecting for future?
So just any learnings, because we are seeing that some projects really made that through
the cycle.
We're still speaking about apes and azukis and others.
So what is their secret sauce?
Why are they transferring from 2021 into the future?
And they still have vibrant community and everything around them.
So what's their secret sauce?
What's your take on this?
Let's start with this one.
Doctail, you want to go?
Yeah, yeah.
I really think there's a big difference between those
collection and those who didn't work is because
they are trying to bring a culture into their collection. I mean, it's not about just the
flower price and flipping NFTs. They had brands, narrative, and shared cultures between the
community. That is really important. And and today when you see ads uh the
amount of followers they can have for example for poji and shippers on instagram tick tock and so
on there are value around the millions of followers on this platform that are mostly also with two
people you see a lot of people using GIF of those brands
without even knowing about NFTs and so on.
And I think this is the most important part
is to create a real culture.
And same thing with Pudgy doing some animes on YouTube,
you know?
So I really think this is a secret source
to really create a culture and a building feeling
in the community and to gather all the people beyond,
yeah, the same IP and the same culture.
So I think this is really the big differences
that will make NFT works over other collections that just fail.
Thank you. Thank you for sharing.
Ton, people, Ton was not around in 2021.
Where were you?
Do you have any gems from that time, any scars, any takeaways?
We don't have from 2021,
we get them started in 2022
and we've been through, well
actually all of the collections on Ton
been through us and we
worked with them in one way or another or just saw
them being launched and the definite
something
which really stands out for those projects
who stay longer is
their approach to the project itself like they approach it as a business as a
product and they constantly investing in the community and building and getting
feedback from the community and building on top of that rather than just like monetizing on a cool word what was nft back then
victor i can i can go i mean i would say the biggest pain points that i saw happen for a lot
of collections and just projects in general for 21 22 22 is actually a little bit of what Xenia just mentioned right now
is actually treating it like a business, right?
Because it is. It is actually a business.
And of course, one of the main downfalls that we saw for 21 and 22
is that most collections revenue model was secondary fees.
And, you know, when OpenSea,
I think it was either OpenSe or blur or uh or x2
y2 they introduced first zero percent uh trading fees um you know it was blur yeah i can't remember
which one it was that's when it ruined a lot of people's revenue share uh models right i'm not
saying that they probably had them they were just relying on revenue share for, just to keep on going, right?
And this is why collections such as Basie
and larger collections that were able to make
a much larger, let's say, much larger revenue on mints.
And, you know, that started a lot earlier
that were able to generate a lot more
and secondary sales survived.
But right now it's very, very different.
It's a very different culture,
especially on other chains right now, you know,
secondary market fees are quite low. Of course, they are i would say a lot lot higher uh because these are new narratives and when a lot more marketplaces start popping up so
as you can see get gems is doing zero percent but when more marketplaces start popping up and
competition increase increases one of the things that they will start lowering which actually we've
already seen is trading fees so that's going to start coming down as well which means that when people
are going to be launching they're going to have to think of revenue model of other revenue models
and this is where you know creating telegram mini apps to help generate revenue is going to be in my
opinion one of the best ways to do it so you don't ever have to rely on on on creative fees you can
set small creative fees and actually
generate revenue through your app that you launch so that's the problem and that's your solution
i agree in a sense that's very true uh i also wanted to say you know the situation with when
blur all over all came out it's like it's been a beginning of big nft 5 wave as well which is
by the way also developing on ton maybe not we don't talk about this enough and and the good
lesson from that time would be the over leverage I think in basic community uh grateful you may be
more aware than me on this but uh there's been couple apes with a huge
supply that been uh borrowing against their nfts and then using their liquidity and because they've
been over leveraged uh it's been also very harmful for them themselves and today nft5 is taking a much more risky direction and much less people participate in that.
So one of the lessons was for the meme coins or even just crypto itself is don't over leverage yourself.
I think that's the biggest takeaway from this previous bull run.
And then the no fees or lower fees is forcing other
builders to innovate. Here, what's important to highlight is
that, for example, on GetGames is zero percent fees to all the
collections that being from Telegram, technically speaking.
But then it forced also to other new marketplaces to innovate.
And for example, Tonal been taking i think 10 fees
so if you want to sell i don't know for 100 ton you will still uh like the price will be 110
because there is 10 fee as well and that also you see when the portals came out with the lower
commission and it's substantially lower than what Tunnel has, they started attracting a lot of volume.
And now looking at the charts of the volume split between different marketplaces, it is very evident that people don't really want to overpay fees.
And yeah, I think this trend will continue and that will force more competition, more innovation, more reward systems, etc.
And then the strongest ones will always come atop.
And I think GetGames is a great example of a marketplace that's been running for a long
time and is one of the main places where you would go to trade anything released on Tone
by Telegram in a form of NFTs.
But I also think that's really incentivizing the competition from across the board as well as Zenith been saying too.
Ethan, your take.
Yeah, I just wanted to touch on the NFT, sort of NFT file we'll call it.
I was on this company called paraspace
um i was a head of europe for this company i was like doing lots of business development
and bringing on clients um i think we went from in the month of i'm gonna say february 2023 to about
february 2023 to about may 2023 where you onboarded about 300 million dollars worth of nfts and
liquidity onto the platform it was absolutely massive i think i think we i think we were number
one for at least a few months in the whole nft like lending arena um and that was like a massive factor in why the market crashed so fast because um people
were essentially just buying board apes and mutant apes and whatever else on buy now pay later schemes
where you would i don't know put that put a down payment of like 30 40 percent and then the n NFT itself was the collateral and you didn't even own it.
It wasn't even in your wallet, it was on the platform.
And then you had to pay off the loan, which was a perpetual interest loan.
So in theory, the loan could exist forever as long as you paid off enough interest that the collateral was worth so much more than the loan itself that was remaining.
But when the NFT floor started to come down a little bit,
people started getting liquidated.
And when people get liquidated, that lowers the floor even more.
So then more people get liquidated, and then more people get liquidated,
and then the cycle just goes insane.
Then everyone gets liquidated, which is exactly what happened.
The whole company collapsed every nft lender collapsed uh no one could get the money out and uh it was the
end of nfts as we know it for for a long time they've only just sort of come back now um it's
been like pretty much two years nothing's really been happening ape chain's been killing it though um
and then tons come here and said let's shake things up a bit um there is a there is a way
to do nft5 on ton um obviously i'm going to stay neutral on it but you know after what i've said
there just do your own research and be very careful uh don't don't get new yeah it's like
it's a must bro these liquidations i remember how epic it was especially the blur liquidations it's
funny that you mentioned this platform too i remember i think it was franklin and machi they
had like spaces around this topic too at a time when nft prices started to go down dramatically
and and it was such a wild time,
you were right here. Sorry for interrupting.
No, I can't unmute. There we go. No, no, that's like perfect. Blur is the worst thing that's
ever happened to NFTs. I stand by that. If you don't know what Blur is, just imagine
If you don't know what Blur is, just imagine the worst possible way to do NFT marketplaces.
Blur achieved it 100%.
People were just buying and selling mutants at losses purely just to farm these Blur points.
I remember Matchy Big Brother was like, I don't know how much money he did
but it was at least 10-15 million of trading volume
most of it at a loss
on purpose as well
just to farm these blur points
which ended up being completely worthless
obviously
it was the most stupid thing ever
I really hope we don't get another blur.
And if we do, I'm going to foot it.
Yeah, you're referring to the second season farming of Bloom.
It's kind of important to tell the story here.
So Bloom as a marketplace came out starting with the airdrop
to all the og traders on ethereum i believe so everyone that ever traded nfts uh got some volume
to all the OG traders on Ethereum, I believe.
going for their wallets being eligible for the airdrop i've got the airdrop too like alongside
many others and it's been pretty surprising so blur then introduced the second season of airdrop
farming and that led to people to be trading at the loss to farm those
blur points for the second season airdrop which never really paid off up to the losses that the
people had cycles repeat people never learn that's why we're telling these stories right so everybody
who has joined the space recently and does not have these scars,
they can listen and like, oh, okay.
Hopefully taking notes.
Yeah, like all this happened, guys.
That's a real story.
That's not a fairy tale.
We've been here.
We've been reporting on this, hosting those spaces at the worst times possible as well.
Joking around and we're still here years later.
Grateful. Do you want to share any stories from your OG times?
Were the new coming people to like as a warning tale or I don't hope you as you want to take it?
It's funny after that other side main joke, it kicked me out of the space
and I couldn't get back in. So i don't know what's happening here i have to check my bag here but i think the hype it was 100 not sustainable right
like whatever you bought at one point it went up in in value it didn't matter what you bought
at least it was a little bit if it made sense just a little bit it went up so it was absolutely crazy time but
99 of that also went down quite quickly guys so you really should think about why are you buying
that nft if you buy that you like it and you want to hold it that you don't care about money if you
buy it that you want to make money so that's absolutely different approach to that. I think if you see apes at like $500,000,
how much you have to be worth to actually afford holding such an ape, right?
Such an NFT, you should think about it, right?
Probably most people should sell it.
But that's the lesson and we all are still super young.
So we still have plenty of time to maybe do it once again
when our NFTs are going like 100,000x again.
Don't sell it, take a screenshot, send it to your friends and then let it go down again.
So that's probably what happened.
Most of the collections are unfortunately gone.
We've been hosting spaces since like February 2022.
And if I look and check the guests we had, so many projects
they're gone. We saw Gmoney closing or shutting down 9dcc, can you imagine
9dcc? It's crazy.
Hello? Somebody's behind your back again
He's been wrong
He's been wrong
He was flooding the market too hard
Someone had to get rid of him
Flying the cable
To answer his question
How rich do you have to be right now?
What's going on?
Now you're back just like stop working again oh my god
whenever i say something about any founder in this space like it kicked me out so
just be careful guys don't talk about i would go with have yeah yeah i'm not talking about no no
no no no never man i'm'm not talking about anything serious right now.
Just have fun in the space, you know, network with other people.
And I don't know if I'm rugging again.
Oh, my God.
What's going on?
No, you're good.
You're good.
You're good.
Only when you, you know, when you start going into the trenches.
Right.
Okay. OK.
Any more 2021, 22 stories as a tale for the new coming
listeners, everybody who's looking at us watching JPEGs are back.
Is there anything you think they should know?
Who didn't speak yet?
Yeah.
Victor, go ahead.
Yeah, I think actually, you know, what's important here is that we've seen that there are collections that always grab this number one spot and they always remain.
And for a lot of people, that becomes not just an escape, but actually the way to stabilize themselves and to rotate towards.
And what's interesting and why I'm saying this, we've seen that happen early with CryptoPunks,
when people start discussing on the timeline that they are the first 10K generative art collection.
They're like a piece of history.
Then the Bored Apes, with the strongest club that formed itself
and then expanded as the ecosystem,
has been one of the major first examples,
first movers in this regard.
And so this history is always important.
And then when you see a collection for some reason
becoming expensive,
there is a reason why it is there.
And then going further,
it's important to overview do the people
actually find it as the number one escape do the people rotate over it and that's why I've also
been reporting on the interesting dynamics of this uh just to give you an example with a plush paper
when they've been I don't know like three to five hundred ton floor it's already became evident that
people flipping other nft gifts and then flipping
them into the plush peppers eventually to get a plush pepper was that a smart move or not once
again at the time will show but to my point those uh dynamics very important to observe doesn't
matter the chain so on tone that happened with this particular collection. On, let's say, Ape Chain, it may be some different collection.
On Abstract, etc.
You really just have to look through what the community find
as a number one escape in this particular niche market
because they will be still rotating toward it.
And then if you find it early enough,
you may have a good opportunity to capture here.
But once again, you should do your own research
and pay attention to the Transcend Water community discussing.
Awesome. Thank you.
We have a couple more minutes, like two more minutes.
So maybe a quick round of one thing that you're excited about,
upcoming thing in NFT space that you want to share with people who are listening.
Get Gems, do you want to start?
Sure. listening. Get Gems, do you want to start? Sure, I'm just excited for more tangible business models being built in the space to strengthen it up and to give more confidence to people joining
it and to continue what Ton does, what Telegram does, really flattening the entry point, making it so easy and fun.
I'm excited to see more innovative and creative ways to widen this opportunity for projects to join
and for just regular people to have fun with NFT and web-free space, but also in a very safe way.
Let's just pray for that.
Great.
Great.
One more.
One more.
Two more.
Three more.
Let's go.
Utterside.
Utterside.
Utterside is launching.
No, not again.
Let's go, baby.
i'm getting flashbacks oh my god the the ah i fumbled the bag really hard on the other side
I'm getting flashbacks.
Oh, my God.
you know like terribly um there were these things called coders and i i managed to get lucky enough
to get one i think it was like a 10 chance or something but these bad boys were worth like $80,000 from Mint. So I was 19 years old at the time or something.
I was in my bedroom at my mum's house and I was like,
$80,000, wah!
So I sold it immediately, bought another mutant ape,
and I'll put it this way, I never took any profits.
So my lesson to everyone would be if you
make eighty thousand dollars from nothing in your mum's house in your bedroom sell it and take it
take the cash um but one thing i would really look forward forward for in the tongue community on
telegram would be uh gift gated chats and communities i think that
would be a cool next step um it would also help reduce bots getting into a lot of group chats like
i don't know let's say you have to have a swiss watch or a plush pepe to join a chat you know it's
just like i can leave the chat open i don't have to review everyone that joins and then the people
that are in they're at least interested in nfts and have a common thing to talk about that'd be cool by the way that's possible already today um there is a good example
of that is the plush paper holders chat they also have a verification uh set up so they do check if
you have it in your profile or if you have it in your wallet. And then, I mean, I don't know if they already done it, but on the
plush paper telegram channel, which is just community got together, created it.
Um, they being planning, I don't know if it's done or not to integrate this chat
over holders as the main chat under the post, uh, on the page of the telegram
channel, which is also very possible to do, but you're very right here.
This is an interesting one you just gave me an idea as well to maybe do that on my telegram channel
because then i would would not have to like manually see it in the proof and check profiles
which still doesn't give me any clarity to be honest um maybe i'll do a little lower entry
like have a scared cat or I don't know.
Jack in the box.
It doesn't help at all with the requests you write.
I have so many, I look through them and they've got like the weirdest name and the weirdest profile.
If they don't look like they're a normal person, I just reject them.
But if they've got a gift, I'll let them in.
Sounds a lot more scalable.
Yeah, yeah, because it's like there's so many bots and so many idiots.
You know how it is, you know how it is. If you run a channel, you know.
Oh yeah.
I mean, you always gotta have scammers. It like, I have two people helping me to moderate my chat at time when it's been public.
And it is still challenging to build all the scammers in time because they're like looking for the time when no one is awake.
Like they're sitting there and waiting for the minute, for an opportunity.
And then, I mean, yeah, definitely some verification on gifts should be considered by many.
I think that's a good idea.
Or maybe stickers.
That's also possible.
There are sticker-gated communities.
That's done via Hubs project.
It's also pretty sleek.
And then there is chat for holders already for majority of the sticker packs collections.
Nice, nice. Zenit, Cocktail, your thing you're looking forward to? already for majority of the sticker packs collections nice nice um zenith cocktail your
thing you're looking forward to uh i'm looking forward to seeing some new pfp collections launch
with uh you know with the thought of actual mini apps being created around them or even
mini apps created beforehand to just to prove and to show that it's possible it's just you know it's the same as when the nfts first started adding utilities back
in 21 right and sadly they couldn't make it stick because it was difficult uh to add utility to such
collections uh especially when you have when you're trying to add utility through different
types of platforms and and wallets and other stuff but as it's all in-house I'm just looking forward to see
who will be the first to do it and just make any any alpha any alpha
I do but I'm not allowed to say okay I had to try cocktail your thing you're looking forward to
yeah I think it's I'm looking for awesome as master adoption we are living right now,
with everything that Don is doing, with everything that abstract is doing,
with everything the big collections are doing to push this culture and their IP beyond the web3.
So I'm really looking forward for, for example, for what Pudgy is building with their game,
with their animes and with their game, with their
animes and stuff like that, with a lot of things that are coming. And I'm also looking
forward to what PURS is creating right now, because it's if you want to get into Borate or Pingory or whatever
other community and you can't afford it,
definitely have a look at what they are doing.
I think it would be a nice way to onboard new users
and get more people into those communities. Great take. Thank you. Jacob, you want to give us your looking forward to?
I'm looking forward to when games will integrate more like NFTs into their ecosystems.
I would like to really see like, I mean, Counter-Strike vibes. Like, similar when guys will be
flexing their, you know,
rare skins.
Awesome.
Love it.
Grateful you still stick to either side?
That's your thing.
Yeah? Yeah, I said it and it kicked me
again, so I don't know.
And your second best?
Second best you're looking forward to?
Oh, we are killing ApeCoinDowel probably, so that's probably the second best.
Oh, bullish.
Let's go, so huge news guys.
Yeah, that's big news.
Okay, that was a great talk, thank you everybody.
We're six minutes over.
Hope it doesn't matter as much.
We covered so much around NFTs, and I feel like we would need many more hours to go even
deeper.
Big thanks to everybody, our powerhouse lineup.
Everybody who's listening, follow them all.
Someone you know, Ethan, Zenit, Grateful, Cocktail, Get Gems.
They're awesome.
They're sending signal on their tweet.
Tweet profiles.
X profiles. All the time.
Thank you to Moon
Cards Game and Gamey for
co-hosting. Everybody who's listening
do not forget, you still have a chance to
retweet. Moon Cards Game
is giving out ton gift as a
reward to one of you. And many
more rewards in terms of card packs to all people who will be interacting.
Some will be picked up and get a reward in that game.
Now, we'll see, I'll see you in July again, right?
Until then, just stay curious, keep playing games and mint responsibly.
You have all the guidance and advice from our superstar OGs.
Thank you very much. See you soon.
Bye.
Bye.
Bye. Thank you.
See you again.
Bye. Thank you.
