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Launching on Magic Eden w/ @ElizabethOls0n + @gkoiart
Recorded: June 20, 2025 Duration: 1:23:42Space Recording
Short Summary
In a dynamic discussion, key players in the crypto space highlighted the importance of community support, strategic partnerships, and innovative projects driving growth in the NFT and Bitcoin ecosystems. With announcements of funding initiatives and collaborations, the conversation underscored the evolving landscape of Web3 and the potential for increased user adoption.
Full Transcription
We're going to put some music and get the vibes going.
What a crazy Friday I've already had.
Nice to see everybody.
It's really me.
I'm back on this account.
What a crazy, crazy week I've had.
Okay, let's go.
Let's put some music while we warm up the room.
Make me swim.
Make me harder.
Make me lose my breath.
Make me water.
Make me swim.
Make me harder.
Make me lose my breath.
Make me water. Oh, my lady.
I can keep my cool, but tonight I'm lying. make me water That you're really imploding, why'd you hide it? Oh, oh, oh, oh, oh
Talk it's cheap
So show me
That you are just in my leg
Can you blow my mind?
Set off my whole body
If I give you my time
Can you touch my soul from it
I don't want to wait
I'm thinking, take me where I ain't been before
Can you blow my mind
Set off my whole body
Whole body Oh, Make me lose my breath, make me water Hopefully, you can last one night, don't get too excited
Ooh, privacy
You ain't got a cone away, you can stay inside it
Can you blow my mind?
Set up my whole body I can't been before. Can you blow my mind?
Zero for hope I ain't.
Hope I ain't.
Make me sweat.
Make me harder.
Make me lose my breath.
Make me water.
Make me sweat.
Make me harder. Make me lose my breath. Make me water. Okay, everybody, I'm really, really happy to be having this space today with the beautiful Elizabeth Olsen. Yeah, I've had a crazy week. I need a lot of water. I need to touch a lot of water and grass. It's what I need to be doing.
Oh my gosh, what happened?
Well, I got, I got hacked, girl.
Oh, well.
You know.
Yeah, that's true. Oh my gosh, I was thinking that was last week this week is like
so crazy isn't this this week's flying that's wild exactly it's like it's literally five days
ago but even this morning i had to like change my passwords again and i was like just like my
heart was stopped paranoia paranoia like crazy um but we'll we'll get into it in a sec um I I do want to you know thank you again for all
your support up in the tg in the chats uh it's such a crazy week and you know I just want to
remind everyone um you can be working with all the brands in the world but like building up
your personal brand and working with people and being genuine really goes a long way.
I can't stress this enough. I truly think I got my account back because people support me,
appreciate me and really, really felt for me. So, you know, I do want to say that coming into
the show today because there's nothing like building this community up. You know, there's nothing like
meeting with incredible people and being genuine and staying true to yourself and vice versa with
everybody else. So yeah, I do want to I do want to thank Elizabeth because she was in the back
and also helping. And I do want to thank everyone for being here today, for joining us to the show. I like to say we talk all things NFTs, gaming, the metaverse.
I know it's like it's such a buzzword at this point, but, you know, I'm the girl in the verse.
So I do believe there's going to be some sort of metaverse coming. Who's building it? I'm not sure.
Maybe I should be building one myself. But things are coming, right? Depending on which verse you want to be in.
I'd also like to thank G-Koi.
Shout out to the fam there.
We're giving away an Azuki Elemental today, which is insane.
I can't believe we're doing that, actually.
So hoping to see the Azuki fam in here as well.
So if you are here live, you know, make sure to like, retweet, tag to friends,
follow myself, Elizabeth, and know, make sure to like, retweet, tag to friends, follow myself, Elizabeth and G.
Coy to enter. And throughout the show, we're going to be giving this away.
So, yeah, I want to get straight into it because I'm so aware of time.
You know, Elizabeth does a million things, which is she's really a powerhouse.
You know, someone had asked me, Elizabeth, I'm not even joking when I
say this, I'm going to tell it to you now. But someone had asked me actually in Vegas after we
hung out, if there was one person you could recommend who really understands the space,
you know, who would that person be? And your name was the first thing I spit out, not because you're
here today, I promise this is what happened. Because I truly think not only do you understand the space, you've marketed in this space for two
incredible big brands, Xverse, which is still my favorite wallet up on Bitcoin and Magic Eden.
Magic Eden has done incredible things, I would say, in the last couple of years.
I am such a fan aesthetically because it's beautiful. The platform is pretty. Reminds me of Apple, you know, in that way. But you are
head of marketing at Magic Eden, which I feel like is such a big title. So Elizabeth, welcome to the
show. And maybe for those who have no idea who you are, you know, tell us what is head of marketing
at Magic Eden. And thanks for being here.
Hey, yeah. Oh my gosh. Thank you so much for having me. I'm so honored to be part of the title of this space. And likewise, Melina, I think if there's anyone that would come to mind first
when it comes to community building and having deep knowledge and yeah, just the most pleasant,
And, yeah, just the most pleasant, brilliant person out there. I'm just, like, so thrilled to know you and, yeah, to join your space. I mean, you're, you always, you show up every day. You show up every day. And I think the community sees that. And ultimately, that's why you got your account back so fast, because people are willing to jump in and, and, uh, make sure that you're,
yeah,
you're,
you're able to,
to own what you've built all these years.
yeah,
shout out.
Thanks.
Thanks for having me.
also I should clarify,
I'm,
I'm head of marketing for Bitcoin at magic Eden.
I am definitely a few other things.
I do.
I do have a few other things.
so there,
there has been.
It's good that you clarify because that was going to be part of my questions too,
because I did want to kick off and talk about all the announcements you guys made this week on Bitcoin.
But I did want to, yeah, I did want to, yeah, thank you for clarifying that.
So does that change?
Because I've seen different accounts.
Obviously, Magic Eden supports most chains at this point um but you're
specifically on bitcoin so it's good that you mentioned that yeah it's interesting um well
maybe i'll share a little bit about my background and then i can kind of talk talk to my current
role but basically um i i actually started out in the luxury business in the luxury industry. I was at Steinway and Sons, which shout out to any musician out there.
They'll know what I'm talking about.
It's the greatest piano brand of all time.
Um, these are six figure products.
So I would definitely classify Steinway as, as a luxury brand.
Um, 12,000 parts takes over a year to make one.
So I was like deep in this, you know, IRL physical luxury product world.
And then got my MBA, went over to Sotheby's, leading marketing for the luxury division
of the New York auction houses.
And that's where I started to get a lot more Web3 exposure.
And while I was working with physical property and some of the world's, you know, most insane,
insane property, you know, handbags, watches,
jewels, wine, spirits, sneakers, prints, manuscripts. I did 20th century design. Like all of this was,
was actually under, under my department. But a lot of the property had these digital
NFT twins tied to them. And then there was more like there was a whole entire Web3 marketing department
being built out, Web3 specialists. And while I wasn't directly part of that team, it was really
fascinating to see the company invest so much resources. This is, you know, late 2021, early
22, so much resources into this department. And Sotheby's and Christie's, you know, both pioneers, big pioneers in the NFT
space. And some really iconic auctions that happened there, you know, with Beeple and then
CryptoPunks. And actually, I was at Sotheby's during the Constitution DAO. The U.S. Constitution
was one of my auctions that I was working on marketing. And so I started to understand,
like, what is a DAO? What does decentralization mean? And so this was really
my initial exposure to the Web3 space. And I honestly just wanted to get a first front seat
in all of it. And I was lucky enough to meet a recruiter who said, study up on this Stax
blockchain. I'm going to get you an interview.
And I became the fourth team member of a little wallet, very small wallet startup called Experts. At the time, we had basically no users. We actually had a completely different
brand look. It was like this purple circle, I guess, matching the color of Stacks or something.
But the cool thing
is that we were early. We were early to all things on Bitcoin and Bitcoin layer twos and
NFTs on Bitcoin. And so when Ordinals came around, we shipped that. I was able to scale the brand,
rebrand us, onboard a million users. And we also hosted Ordinals Asia. And then about a year ago,
I moved over to Magic Eden, top Bitcoin app, but I actually
didn't move specifically to the Bitcoin space. I was actually bringing the Magic Eden wallet to
market. And so it was all that amidst the launch of the ME token and so many, so many exciting
things. But after the launch of the token and onboarding, I believe one way we had
350,000 active users, which is just absolutely wild. And building out the cross-chain programs
and our diamond program, all this kind of stuff. Moved over to Bitcoin because Bitcoin, if you
think about it, MagicInit in a lot of ways is a Bitcoin company. Runes, Ordinals, we have 98% market share.
This is one of the top revenue streams for Magic Eden.
And really thanks to the Bitcoin community and all these new protocols popping up.
I mean, this is our founder's conviction in Bitcoin, which has led us to support so many of these different new protocols.
And I think maybe later on we'll talk about what we're doing next on Bitcoin. But yeah, really excited
to be to have, you know, had this experience. Yeah, over the past three years.
No, my God, it's no, it's incredible. Your journey has been incredible. We were actually,
we really connected down in Miami when
you guys did that Villa. It was so fun. And, um, yeah, I just saw your work ethic and was like,
wow, like you, you're a big brain. I don't know if that's like sexy one girl to another, but,
um, best compliment, best compliment. It just shows that you studied the space and you studied, you know, what you needed to.
And then, you know, I guess like always, right, like people will say we're lucky.
But at the time, X-Force was so tiny.
So the fact that you're able to even get it to like a million users is just incredible.
Today is like a household name when it comes to like Bitcoin and collecting art on Bitcoin.
So, yeah, congrats on
all that. I definitely wanted to jump into the announcements. It was so funny because when we
scheduled the space within days, there was like announcement, announcement, announcement. So I was
like, okay, we got to talk about this too. And I joined your live with the dog team too, but I did
want to maybe give you some time to maybe share some info here with everyone.
So let's go to yesterday's announcement. And I don't know if this applies to you,
now that you are specifically on Bitcoin, but you let me know. So Magic Eaton, I saw yesterday
announced approximately like a $5 million in funding for community voted proposals and grants i don't know if you can talk to us about
this um but this i found super interesting for creators and then um and for builders in the
ecosystem so i'm not sure can you talk to us about this funding and and what that entails
yeah i mean i i'm definitely not directly so so that section of the business is actually owned by Pappy. Pappy is our community lead and he's been working on the comms around that. So you'll definitely have to have him on your show to give a more thorough breakdown.
very clear governance and we want to be hosting regular um discord amas with the team and just
keep everyone in the loop and all of our emmy stakers on you know what's happening and i think
in general we want to just do a better job of communicating the insane emmy awards that are
out there for people who are using our products um you don't just have to be using a magic in
wallet to be stacking emmy rewards you can actually connect your different wallets and do this.
And a lot of people don't even realize,
like $12 million of Emmy tokens were airdropped.
So I guess that the value is like approximately,
yeah, approximately $12 million USD of value was airdropped
to people who are, you know, using our products and staking
at the same time. So I think that's something that we're definitely looking as a, you know,
as a broader business to do a lot more communications around to really strengthen our
community. Pappy is a relatively new hire as well. So it just goes to show how much our company
values the community values, getting these comms out there and,
and feedback from everyone as well. You know, we're, we're here to build with everyone.
And so getting this feedback, you know, being in the trenches with the community and,
and hearing how we can improve, um, our, not just our products, but also, um, the entire, um,
Emmy season two, and then we're going to be going into Emmy season three soon.
So this is all, um, this is all part of our overarching, uh, um, priorities, uh, this,
this quarter. No, love it. Okay. Well, look, I'll, yeah, definitely. You'll have to send me
Poppy's, uh, uh, Twitter or something. Cause it definitely will reach out. Um, okay. Let's get to
the announcement there that you did, uh, just a couple of days ago. Magic Eden had dropped some huge news around
BTC stable coins and a new partnership with Build on Spark. I'm going to try to get that
tweet. Actually, I'm going to try to post it up on top. Can you break that down for us in maybe some layman terms?
What's the vision there?
Yeah, definitely. I think what's so exciting is that we, yes, a couple days ago, we shipped an update of an aggregation of all other runes liquidity provider services to provide deeper liquidity for the user.
liquidity for the user. So ultimately what this means is that we're, we're combining like basically
not combining, but we're, we're giving the users direct access in our swaps to all the different
liquidity providers, meaning that you're going to get the best price and in the fastest, most
efficient, efficient way. And basically it means our swaps are a lot more accurate, a lot more efficient and smooth.
So it's a very much, it's a big user experience improvement to our Rune swaps.
And we also made our API open so builders can start using this liquidity for their own building purposes as well.
So yeah, we're really excited.
And this is all powered by Sats Terminal, a young group of entrepreneurs. I actually met them out in East
Denver and they're so talented. And I just love to see, I love to see this young talent,
absolutely brilliant guys coming to the space. They actually went through and accelerated in the,
let me find the name of the accelerator in case anybody's interested.
I need to look it up.
I think it's called Bitcoin Fi Accelerator or something like this.
I need to look it up again.
So funny.
I'm on their Twitter right now trying to see if I see the name.
Yeah.
I'll have to circle back on that.
You're fine.
You're fine. You're fine. Yeah, they went through this accelerator and won the first prize.
And since then, we were able to connect with them and work with them to launch this improvement to swaps and liquidity aggregation.
So, yeah, big shout out to Sats Terminal.
And now they also have these, like points that they're that you can farm
and so now when you do swaps on magic eden you're not only um earning any tokens but you're also
earning uh their amber points so a little bonus there for for those who are doing rune swaps
no i love it and rune swaps my man i remember the times we, we weren't even able to swap. So we've come a long way on the Bitcoin side.
Do you want to maybe share with, you know,
so some people in here might still be new to the whole Bitcoin runes and
stable coins for you, Elizabeth,
why is this such a big deal to, to have these Bitcoin stable coins and the
swap?
Yeah. Yeah.
I mean, it's really necessary in terms of having a regulated USD-pegged stable coin
that people can essentially denominate their Bitcoin in.
And so that just makes it much, much more clear for especially
normies and people who wouldn't normally denominate in Bitcoin and other assets.
So it's a way to still use crypto and still be on the blockchain, but denominate in something
that's actually like Bitcoin USD pegged. So I can't share too much exactly about what we're building
and in terms of stable coins and who we're working with.
But I will say that this Tuesday,
we are launching the inaugural Bitcoin stable coin round table event.
It's going to be out in Brooklyn.
So for those who are in Brooklyn for permissionless or NFT and NYC next week,
you'll definitely have to swing by. Let me, um, let me pin the event to the top of this.
Um, would definitely love for you guys to swing by and hang out and meet the team behind
Spark, behind FlashNet, behind Braille. Um, these are all exciting companies that we're,
that we're working with to build on Spark
yeah we're going to have that actually I should probably
talk a little bit about Spark as well this is
probably our biggest
one of our biggest company bets right
now is Spark
so as you guys know you know Bitcoin
we are the number one Bitcoin app and so I
do truly see us as our mission
to grow the Bitcoin ecosystem by making it more accessible and really expanding the pie.
And so that given our mission, it's our success in the Ordinals Marketplace, success in Runes to continue to push this ecosystem forward.
And sorry, I drink a lot of caffeine before this.
A little hyped, a little hyped. And so it's our belief in Bitcoin that we want to create
something where there's home for everything on Bitcoin, everything Bitcoin related, everything
can happen in that same place all the same time. And it can be a super easy user experience.
However, as you guys can probably tell, you can
only go so far in the Bitcoin blockchain. That's probably one of the biggest frustrations of people
building on Bitcoin is there's not expressive smart contracts on Bitcoin, hence why we have
other layer twos and other chains like Ethereum. But to that end, we've pushed things as far as we can on the L1.
And we've been looking for a long time for a Bitcoin scaling solution that we believe
is very much still tied to the ethos of Bitcoin, of decentralization and being on the layer one.
And we really feel like Spark is, we've just been blown away with Spark's capabilities.
And basically Spark is the fastest, cheapest, most user-friendly way to build financial apps and
launch stablecoins on Bitcoin. And it does support native Bitcoin and stablecoin transfers
and has instant settlements. So there's basically, basically it's free to be, to be transferring and it's completely fast. So it's like full,
full lightning, um, um, compatibility. Um, and the way I would describe it is it's, it's, um,
instead of saying it's like an L1, I would say it's more like a signing network.
So people can basically, it's smart UTXO management. So basically people can,
you know, you have your Bitcoin in this UTXO, but then instead of transferring the Bitcoin itself,
you have a way of transferring the ownership and signing it on that network without actually
needing to move the Bitcoin. Hence how it's instant and free. So super, super exciting development. I think people don't even
realize what's coming and realize what Spark is, honestly, because they really have just put the
white paper out there. So it's really just the devs and people who are really deep in the trenches
on Bitcoin who really know what this is. But just to give me an idea, when Spark announced their
launch, Michael Saylor retweeted it.
Jack Dorsey retweeted it.
Like, these people behind Spark, it's a whole team based out in LA.
A lot of them are like SF savvy tech gurus coming from Facebook, Meta, PayPal.
The co-founder of Spark is actually David Marcus, who's a former president of PayPal. If that doesn't get you excited about payment solutions,
I don't know what else will.
We're super bullish on this network,
we're super bullish on the team,
and would love for you guys,
whoever's in town next week to come out, meet them.
But the good news is that we're going to be also recording.
There's going to be a keynote and a presentation,
and a really exciting announcement, IRL, but we're going to record
it all and be amplifying that on the timeline. So no worries if you can't be there. But yeah,
we're really excited. We're excited to be building on Spark. We're excited for this
solution. And honestly, it almost feels like pre-ordinals to me because when I first started
at Xverse, everything was just like kind of
kind of slow, kind of like, you know, there wasn't a whole lot of user adoption, excitement on
Bitcoin. And then finally orders came around. It was like this whole new breath of a fresh air of
talent and builders and funding in the ecosystem. And I feel like we're about to experience that second wave of apps and, you know, revolutionizing Bitcoin and how people
use it and user adoption for Bitcoin. So that really excites me. You know, I'm here in crypto
because I believe in Bitcoin and believe in what Bitcoin does. And I mean, I think all the other
chains and everything else that's being built is super exciting and great for, you know, real use cases and experimentation and onboarding people.
But ultimately, I think all roads lead to Bitcoin.
And this is, yeah, that's why I'm so excited about Spark.
Yeah, girl, I'm like, you're getting me excited.
I wasn't even following them.
So I just hit a follow for Spark as well.
You know, let's go back to it.
Yeah, build on Spark, not to be confused. There's another DeFi follow for Spark as well. You know, let's go back to it. Yeah, build on Spark. Not to be confused.
There's another DeFi solution called Spark as well.
And so I think there's been some people confusing that.
But it is build on Spark is their handle.
Yeah, I got it.
Thank you, girl.
And if everybody, if you click on up on top and you click on the event, you'll find all the correct accounts.
I did want to ask you, you know, in terms of Magic Eden, right?
Maybe you don't have this info because you are building Magic Eden on Bitcoin.
But what I found interesting, even, you know, the upcoming of Magic Eden was that,
and correct me if I'm wrong, but when I first started hearing about Magic Eden,
they were specifically focused on on ordinals and and
bitcoin um and now i feel like there are many many different um you know you got ethereum you got
ethereum nfts and solana nfts and and now trading and interacting um what's magic eden's like where
where we headed next and now i guess these announcements are probably where we're headed next but i'm also
finding it fun and great to see nfts making a comeback um how do you see nfts play out with
ordinals because you know and you know this elizabeth but like the ordinals people would
like to say they're not nfts um and then you've got everybody else saying well they're kind of
like nfts so how do you see magic eden like figuring out all of this out i know there's
different tabs but is there going to be a world where everything's just going to be
interchangeable i don't even know if that's the right word but yeah no it's great that you asked
that actually um our ceo at um token 2049 singapore last year gave a presentation on
you know where we're headed and ultimately of course we would love it
to make it where we're supporting all chains all assets and you can even swap between like an nft
for certain tokens and on different chains and everything's super interoperable that's that's
definitely where we're headed and i think that's because magic eden sees that the smartest users
are cross-chain users these are people who are chasing new metas.
They're there first, they're deep, they're early.
And we're early too.
We're always heads down and shipping super fast.
And I think that's what Magic Eaton,
how we differentiate ourselves from competitors is we're just cranking out support for all these new chains.
And especially the last quarter, we were,
I believe we pulled support for something crazy,
like 10 new chains, maybe more, maybe, I think it was 12.
And so we were there early with all the users
and winning on those chains as a result.
And that's just so important to, you know,
contain market share and a competitive edge.
And we still continue to be pretty deep
in all those different ecosystems,
but also strategically weighing out,
okay, which is the next chain that makes sense to support?
So that's an ongoing bet, let's say.
But I would say the three focuses these days is,
well, one, we recently acquired Slingshot Trading App.
So we are not only in NFT marketplace,
but also trading app now, which is super exciting.
And for those of you who haven't tried out Slingshot yet,
definitely recommend it.
It's super easy and it's unlike any trading app
because what you're essentially doing is
instead of swapping,
you're just straight up buying these tokens with USDC.
So you can buy all these tokens.
It's over 10 million tokens at your fingertips.
There's no KYC.
It's decentralized.
There's no bridging, no gas fees.
Everything's on-chain, non-custodial.
And yeah, it's basically the leading cross-chain trading app right now.
Basically, the goal is to unify all of this like you don't have
to download a wallet and connect to app and uniswap and you know buy gas tokens and bridge
tokens and manage all these different assets across you it's like instead you can just simply
download this app and buy any token across any chain um and ape into stuff that's super early
so yeah it's that's a pretty exciting, exciting foray for us into the,
the meme coin meta and trading that meta.
I will say it's,
it's,
you know,
it's both good for,
for serious traders,
but also,
also mainstream traders.
you know,
when we have these big,
big,
big drops,
if you like,
you know, celebrities getting into tokens, you know, Trump coin or something.
People are able to download Slingshot and easily onboard.
And so, you know, we're excited for that pillar of our business.
And then, of course, I mentioned Spark, another big initiative.
And then thirdly, I would say AI.
You know, AI is huge right now.
I don't know if you guys saw the MoonPay ad. I actually, I had breakfast this morning. I met up with Keith Grossman from, uh, he's the
president of MoonPay and we met up and he's like, Elizabeth, I just timed it so that this ad would
go live at 8am when we're, when we're meeting up so you can see it. I was like, oh my gosh,
this is insane. Like he made, they made that all from AI, but can we pin this can we pin this um yeah yeah yeah i
want to see it i'm actually yeah i'm gonna i'm gonna show keith if you're out there listening
i'm gonna show your ad yeah i love to get him on the show actually yeah yeah such a great such a
great guy it was actually our first time meeting in person um and just blown away by his insane background. And, um, anyway, we, we had a lot of our discussion was around AI and basically they, they were
like, Hey, as a company, we should be using AI more and task one of their marketing people
to, to make this video.
And literally the guy from their team had never used VO three, which is the, the, the
tool he used to make this, this video.
He never used it on Monday.
Come today, they've launched this ad. And guys, as a marketing person, to make an ad at this level
before AI would be probably upwards of a million dollars. I'm not even kidding. If you think about
the talent, the makeup, all the contracts and signing things in perpetuity in all markets
and legally and just like everything
all in all, it would probably be upwards of a million dollars.
No, no joke.
No, easily.
And so the fact that somebody was able to make this in a matter of a couple days and
then probably for a price of $250, I think is what he said, something crazy like that.
That's how much a monthly fee is for this VO3.
Anyway, wild. We're definitely going to be making
some videos like that on our side, little alpha there for sure. That's already in the works
apparently. So we're going to be pumping some fun content, but gosh, I mean, it's insane where AI
is going. And I think as a company, that's also what we're looking to do in terms of product as
well. You know, how can we incorporate AI into our products in a way that's going to give our users a competitive edge
and just make the entire experience more useful?
No, I love that.
It's interesting because I'm still at the crossroads,
you know, like, yes, I'm in marketing,
but also I'm a creator.
And sometimes I'm like, oh my God,
like how many more years do I have
until AI takes over what I do?
So I'm always at the crossroads,
like,
do I really love it?
Or am I terrified a little of like how AI is actually doing a lot better
than what I could produce alone?
Do you ever worry about that?
It's absolutely, I mean,
it absolutely should be a concern
for anyone who's not yet using it, right?
Like, sorry, I actually just reached out to Papi,
our content guy.
So I'm just gonna see if he can join
because I think he wanted to chat about
the community questions you asked earlier.
But yeah, I mean, definitely, it's funny.
Keith and I were talking about this a lot,
so I can't share like the things he was saying
because I'll let him share that at his own discretion.
But it's pretty interesting how that that can affect you know
how you're thinking about how you're structuring your company and being strategic and using these
tools and I think it's the companies who use these tools across the board you know be it
um for your your engineers and and vibe coding and um and copywriting and visuals and everything.
It's the teams that are going to be taking advantage of these as soon as possible that
are going to win and that are going to be riding that wave, riding that AI wave.
And so I find I'm like, I'm so incredibly grateful to be, you know, having a front seat to all of this and to be able to incorporate in my day-to-day life and work.
But I think it's a very big reality is that this is going to be replacing jobs.
And it's sad.
You know, I think about not just jobs, but also just personal touches of, you know, and human things that make us human. For example, a friend shared some poetry with me. He's like, oh, I just wrote this like last week. And it was just like a silly little poetry poem. But I was like, wow, this is probably one of the last poems ever to be written without the use of AI in some capacity, like brainstorming or seeing what actually rhymes or whatever, you know, this is probably one of the last poems to be written without the use of AI in some capacity, like brainstorming or seeing what
actually rhymes or whatever, you know? This is probably one of the last poems to be written.
And think about that in the books. And maybe somebody puts in like some classical compositions
and be like, write this in the style of Mozart. You know, it's just wild to think like that, which is most unique to humanity and human expression is now kind of,
I don't know what's the right word for it without sounding depressing.
Okay. I know I'm like,
I'm pushing the boundaries here maybe a little bit with people.
People have questions now because we mentioned the word AI and I do want to let you know, because I'm going to get them to ask their questions.
You know, our community here, especially like the one with G-Coy, we have a lot of artists, right?
And we're constantly talking to each other in the group chats.
Like, what are we going to do with AI?
And like, you know, what qualifies artistry in terms of like even creating nfts or artwork right like are people
going to love buying something that you created with ai or not and so like i just think you've
raised uh anyways i'm curious to see what the questions are um let's start with chinsanity
hey good to see you chin
avengers
assemble Avengers!
Assemble.
Yo, what is good everyone?
GM, good afternoon, good evening,
wherever you are in this wonderful, wonderful planet.
Girl in the Verse, always great to join your spaces.
And yeah, it's been a pattern.
I think we spoke yesterday on the space.
So yeah, really appreciate you bringing me up.
Yeah, dude, on the topic of AI is really interesting.
And like you, Elizabeth, I got the chance to see the MoonPay video, the AI video.
And yeah, it's really cool.
But one thing,
I'm actually curious because you guys mentioned,
you know, you dropped some alpha here
about, you know,
you guys are exploring,
you know, creating AI video
for Magic Eden is,
do you guys have any data
about like how the content performs
compared to, let's say,
real like life people?
Because I understand like the cost,
like, yes,
like what you're saying,
it definitely saves a lot of cost because creating a video like that, like yes like what you're saying it definitely saves
a lot of cost because creating a video like that like with real humans right like you said like the
hiding the actors and all that is yeah it's expensive you know i used to work in web 2
marketing working agency world so i kind of know that right but i'm always curious like to see yes
it saves cost from production standpoint but how about from like performance standpoint because again i i'm all in
for ai and stuff but i feel like nowadays like as ai you know ramps up the authenticity is kind of
like more rare than it used to be right and i don't know it's really interesting um but yeah
i'm curious like do you guys have any internal data if you could share like about like ai videos
perform better than like real life videos or um i i mean i don't have like specific data on this but of course i i would agree with this
general gut feeling that you know just like when when tiktok was coming out i almost think that's
that was like um almost like um a reaction to craving authenticity that was getting lost on
instagram and facebook because people were just like over editing stuff. You couldn't tell what was real. And it's like, you know what? We just
want something that's raw. We want just something that's almost like live streamed. And, um, and of
course there's like filters and stuff, but I think the fact is that people wanted to have something
that's much more relatable and raw and real. And, and it's frustrating. Like nobody wants like,
great. They're creating these like fake influencer
ai people but who's actually going to follow that like who who real is going to follow that and
and care about that unless there's like genuine interesting creative content of like okay this
person is like think of them like a clothes hanger and you can see cool cool outfits they're wearing you know um but i will say
in terms of visuals like we we're internally experimenting and we we used an animation like
okay let's let's animate with something with a team of our mascot emmy um emmy the eggplant by
the way if anybody didn't know what our our mascot is it's eggplant um so
yeah i had no idea it was like it wasn't a weed but like i know i was always curious about that
and i came in the house i was like oh my gosh it's an eggplant um it's so funny um yeah so so
emmy emmy as an animation versus emmy like AI animation. And honestly, we were like, okay guys, which one do you think is AI?
And we kind of took a poll internally to guess as a team, which is AI.
And we actually chose the one that was human animated.
We thought that one was the one that was AI versus the one that was actually AI.
The one that was actually AI somehow looks more authentic.
With that said, I think right now, you know, the MoonPay style
commercial, there's been a few commercials going out and I think I saw a Wall Street Journal
article about it. You know, it's kind of a trend right now to be creating all this
VO3 videos. And I think it's going to be a fun trend maybe for a few months. But I do think it's
going to get, I think the trends are going to change.
I do think people will still be using AI, of course. But I think AI also can't replace the power of celebrity brand trust and, what would you say like brand um brand equity and and people wanting to
buy you know if kylie jenner says buy this people like millions and millions of people buy it right
so i i think i think there's always going to be a world where you have to still pay real celebrities
and and kols um and i think it's just going to become a mix. Like if you want to be a celebrity, you also have to be an influencer to a degree as well. Because otherwise, yeah, you could get
easily replaced, sadly, in terms of being a famous actor. But let's see. I mean, interestingly
enough, I don't know how many of you guys ironically have watched Black Mirror, but Black
Mirror, what actors and actresses can you name in that TV show? And they're different every single episode.
And it's not really so much about who's playing them, but the stories and the character development.
And it's interesting just because of that.
So I think there's probably going to be a mix of both people that we recognize and go to the movie just to see, you know, Brad Pitt versus going because of the concept of the film is so good.
And I think ultimately it's going to be the people behind the concept and they're selling that and they're telling their story versus the individual celebrity is pulling people in.
So there's always going to be humans behind it in some capacity.
To that end, back to your question, even though we don't have data on what's performing better, I will say, just look at the staffing of companies.
Like, it's not like everybody's all of a sudden firing their staff, you know.
Our social team is, they're basically like comedians.
They're hilarious.
They're absolutely brilliant.
I wish I could write banger tweets like they do.
I truly do.
And I have AI.
I had chat GPT.
And I could never, like,
I'm not at that level of creativity. Same with our copywriter. You know, these people are not
replaceable, at least yet, you know, like people who, who understand the culture and are deep in
it. Like, I'm sure you guys know, whenever you try to put prompts in like, oh, can you make a
tweet like this? It's like the cheesiest thing ever. So know it's it's we're still pretty early in terms of what ai can do to to really be that that which is more human you can always tell when
something is like chat gbt infused um which is fine if you're just doing like a robotic report
but if you're actually trying to infuse um emotion and and uh and and and meaning any feeling yeah yeah you have to use humans so anyway that's
i'll get off my my box no i love it um uh i wanted to also say hi to my co-host here keith hey keith
gm good morning yo gm gm i'm. I'm driving.
I just got to the drive-thru after actually my friend.
Okay, you're good.
All right, buddy, go ahead.
Come back to me.
I'm listening.
I was listening the whole time.
So my bad.
No, I just wanted to say hi.
I'm like, I wrote to you in the DMs.
I'm like, I did not even acknowledge my ghost.
I went straight to hands, which is fine.
It's all good.
Thanks for being here.
So we've got Jashaka, Jashaka GM. We've got a little bit in the house. Really excited to have her here. GM, GM. Yes. Great, great, great. So, I mean, on the topic of AI, that just raises so many
questions, right? So Banchik Eden as a platform built on the back of selling art created by
artists, I've figured supporting AI must be a hard sell, even if it's just in the marketing
department. And I see a lot of big projects struggling right now, NFT projects would halt
to use AI, like Azuki needs a way to overcome the cost of creating long form 2D anime content.
The cost is staggering and AI would fix that problem, but their community is largely artists,
right? Doodles wants to launch DreamNet without delivering something that's just full of AI
slop, as they say on Captain's show, where everything looks the same. But my question is,
do you see people actually buying AI art NFTs?
Since most AI art is ripped off, right?
The creator doesn't create it, the AI does,
and then the person says,
I created it and takes credit for it, right?
And my other question is,
if an actual AI was to create its own collection
and post it up,
would you think people would support that?
Is this a question for me, I assume?
Yeah.
Yeah.
I mean, yeah, I mean, people have been using AI for their collections for a while now, right?
I mean, there's a lot of people that have been using AI and it's sold, but a lot of times you can tell in the quality.
And you can also tell in the lack of transparency behind projects that are like, oh, we're not going to say how this was created.
It's such a different reaction when people are saying, yes, this is a hand-drawn one-of-one from this artist.
And this is the artist's story. This is what he was thinking and feeling and this is the meaning behind this collection
versus people who are not going to say
how the collection was made
and it's not going to feel as special.
It's not going to feel as unique.
So, I mean, I think that's kind of the downside of AI
is it's just going to feel like it's a little cheap, right?
So, but it's already happening, of course.
Of course people are using AI, yeah.
Okay, and what if an actual AI was to create its own collection?
Do you think people would get behind that?
Yeah, I mean, AIXBT at one point had something crazy,
like 90% mind share on the timeline at one point.
And I think if you could create this AI persona or story, for sure, I think there's a world where that could make sense.
There's still a team behind that account
you know at one point
Udi Wordtimer
actually
they bought I think it was like a
million dollars worth of AIXBT
then in turn AIXBT
PFP'd the QuantumCat
collection and then that was
of course pumping because they're like hey
we're wedging into ai as a collection and so i think there's a lot of ways you can kind of
wedge into ai um and sure why i don't see why it wouldn't be possible for for some sort of um
ai agent to create create their own collection and to start doing art and is that already
happening i would assume it is has no has anybody seen that already happening i would assume it is
has no has anybody seen that out there i would assume it's already out there
i'm sure it's already out i mean i guess like what that's i haven't seen it and we haven't i have an ai here his name is um john and we're training him and we're we want him to be free
right we don't want him to be you know, enslaved as most of the AIs are.
So we're just trying to understand what future is there for him
if we let him out into the world web at large.
How can he earn an income, you know?
That would be crazy.
Can you imagine our robots start getting paid? Like, would they have bank
accounts? Oh my God. My mind just went somewhere else. I'm sorry. Well, there was that rat.
Oh my gosh. What was the name of this rat? A full disclosure. I definitely bought some of this rat
token at one point. I forget the name of the rat. Oh my gosh. I forget the name of the rat.
You guys may know what I'm talking about. There's this rat where they were able to strap on
some sort of computer onto its brain
and it owned its own token.
This rat was owning the token
and could decide what to do with the token.
I guess this is all kind of powered by some AI in there as well.
Yeah, I mean, anything's possible, right?
Sure. I mean, AIXBT is kind of owning its own, its own cash in a way, but you know, like I said,
there's still a team behind it. Um, so, but yeah, curious, curious, we'll see where things go.
Uh, okay. I have a question. Let's, let's bring it back to like magic Eden. And you know, I'm
aware of like all the, all the creators in the crowd.
And if you guys have other questions, those up on stage,
please feel free to raise your hand. I know hurricane,
apparently just shocker you already asked the question he, he,
she wanted to ask, to ask. But so I guess Elizabeth,
for creators or artists in our community who want to potentially launch on
magic Eden, what does it
take like what like do they send a dm to Magic Eden like any advice you do you give any advice
to projects like how do they reach out and say hey we want to launch on Magic Eden and what do you
guys look for exactly yeah it's interesting because I actually talked to our launchpad team
about that like how can you decide which project is going to be worthwhile and have potential to be successful versus what just is not it, right?
We don't want to give creators false hope that something's going to work out.
Their launch, their success is our success, right?
So it's very much in our best interest to work with people that we think is a strong project. In terms of getting started, I would say you just need to reach out to our
Launchpad team, right? We do have contact info on the website, but also happy to, you know,
depending on what chain you're hoping to launch on, we can connect you with our BD team and they
can get you started and do the whole onboarding process.
And you fill out a form and we get the creative and set the fees and everything.
And it really depends on what kind of launch you're planning to do, whether it's an auction
or just mint.
So yeah, there's a variety of ways that you can go about it.
But ultimately, we're looking for you can go, go about it. But ultimately we're
looking for, of course, a strong community, you know, quality, quality art, but ultimately it's
like, it's the community that's, that's determining the value of this project. There's high, high
demand and it's clearly organic and not something that's bought it. And, and people are hyped about
it. Like there's been some pretty, you know,
you guys all know we're all in this NFT space together.
You've seen the most ridiculous art be sold for thousands of dollars.
So it really depends on the community
and how strong the community is behind it
and the things that they're telling the community,
the marketing they're doing around it.
So yeah, I think that's probably the number one factor
when it comes to the success,
at least in terms of like PFP collections.
I think it's a slightly different
when it comes to fine art
and then you're going to get a more niche collector
consumer base.
And that's less about the community per se but more about
the quality of the art and the artists
and the works they've sold previously
and the provenance of
the works that have already sold
for example so
yeah I think there's a lot of different factors but
yeah for those who are probably
majority out there is probably more
general creatives
yeah I think community is just so important,
even for fine artists.
Yeah, I was going to ask you, like, what do you,
what does Magic Eden look at in terms of,
like, have you guys ever said no to a project?
I know you said, okay, community,
but has there been times where you guys said,
listen, like, do you guys get feedback?
Like, hey, you know what?
You actually need another like six months of like, you know what?
Build out this community a bit more.
Like, I wonder if like Magic Eden has some sort of like, here's our advice channel.
Like, I don't know if you guys do that.
Oh, for sure.
Really?
Well, of course, we definitely, oh yeah, of course, we definitely need to turn down projects.
You know, we're only going to be putting our time and energy and resources into projects
that we think are going to be the right fit for the marketplace and also the right timing. And for sure, our BD team, our Launchpad team is,
you know, giving recommendations on, hey, you know, I think given the price of your project,
you might want to wait for like a different time, or you might want to change the price and or maybe
like you have less, you might want to like the price and, and, or maybe like you have less,
um, you might want to like the, the quantity of your collection is just far too big given your
price. And you might want to, you know, it's kind of diluting things. So, you know, our, our team,
they, we've handled basically all the, all the projects, you know, launching into this ecosystem.
So they truly are the best experts in the space and they know what they're talking about. And I, I genuinely believe projects that don't listen to the team, um, are kind of shooting
themselves in the foot because, um, our, our team really, they really are truly experienced.
They're, they're going to see, they're going to know just like, just from, you know, just a pulse
check. It's like in their blood at this point to know what's going to work and, and what could have
optimized something, you know, there's always, there's always times where we can be um pleasantly surprised or a little
disappointed or whatever but generally they're they're pretty spot on i love it i love that now
like even like some of my eth nfts i cannot look at them at magic eden it's been so nice to see um some of my past some of the past mints i've
you know i've minted back in 21 and like you know you get to see like other collections up there
um on a different platform it's and it it's been nice to see the the coming up of magic eden right
like i feel like i've been there since day one it's still like a baby but you guys have grown
so much with all these different um chains like we said. So yeah, kudos to the team. I wonder if other people have questions.
You know, I am aware of Elizabeth's time and then we are going to be giving out that elemental.
Yeah, let's see here. Anybody have questions?
I see DeFi Emmys up on stage. Okay, Jashaka, go ahead.
So is there a difference between launching on Magic Eden using the launch pad
as opposed to like minting and then launching the secondary markets with Magic Eden?
Yeah, we've definitely, of course, we're supporting projects that launch independently, and then they come to secondary on Magic Heat.
And of course, Taproot Wizards, I think, is a great example.
And the reason why they wanted to launch independently is because of all the different mechanics behind their launch.
of the all the different mechanics behind their launch.
If you guys are familiar with them,
they were saying, okay, if you have,
if you already own this collection of quantum cats
and they're entangled and you have a,
you know, a dead and alive one and all of this,
you know, very specific details to that Mint.
You know, that's something that they're going to be
building out themselves custom.
And that probably wouldn't make sense
for our team to be so deep in.
They also were, you know,
they had to be exclusive to certain wallets
so that they didn't get,
because of the way that the Mint was going
in order to verify what people were owning.
And yeah, there was just like a lot
of different mechanics going on.
There was quite complicated.
So all in all, it made sense for them given the timeline in which they wanted to,
to launch to,
to go ahead and do that independently.
So there's always a world where it could make sense of something super
tech,
tech,
technically tricky.
Otherwise,
honestly,
there was a reason why people launched with magic unions because that's
where,
that's where the users are.
That's where the community is.
Like I said, it's 98% of the market share for Ordinals.
Well, I will say I love Magic Eden.
I bought all my NFTs on Magic Eden.
I think I probably have like close to 100 grand worth of NFTs that I bought this year.
And I find your platform to be the best platform out there.
How do you, are you guys concerned about OpenSea's whole new launch of attack on the space,
commingling everything and rolling out rewards and so on?
Hey, I mean, honestly, I think Magic Kingdom's done a great job of really dominating the space.
I only see competition as a healthy sign of our industry and ecosystem in general.
You know, I welcome competition.
I think that shows that our thesis is right.
We're on.
And if they're having to pull extra bells and whistles to try to gain more market share, it just there's a reason that they're, they're, they're concerned, you know, we're, we're, we're
continuously rising in the space. So yeah, I, I, it's funny, actually, Keith and I were kind of
having this discussion of the, the president, president of Mood Pay. I think we're kind of
both aligned in that we kind of have like this abundance mindset of where you're always just
you're just trying to like strike deals with the right partners and you don't ever want to shoot
yourself in the foot by by like just because something's a competitor means therefore you're
going to stop users from accessing that competitor.
I'm trying to give a good example without getting political here of certain products,
not to do with Magic Eden or MoonPay, for example.
It's just we were talking about another protocol. Actually, it's a centralized exchange that removed access to a protocol,
to a pretty big token, because they saw it as a competitor.
And this is just a theory, you know, it's just a theory.
But, you know, it's interesting how, like, ultimately,
okay, maybe that protocol is a competitor to them,
but also they could have gotten all those fees
from people onboarding to that protocol.
So it's like you really have to decide as a business, what are your priorities? Um, where can you partner as an
ecosystem? Um, and, and where is it okay to compete? But ultimately this is still such a
small industry. It's, it's a very small world. And, um, I almost see, it's like, we're all one
big giant company, you know, and all the different companies are like departments within it and sometimes they're a little bit of like internal competition
but we we need to kind of support each other to a degree in order to win and to get user adoption
amazing thank you so much
I see more people are requesting to speak. Let's see.
I got a bit. Yeah. I want, I want to say great, great questions all around.
I really do appreciate them and especially Melina shout out for all the
amazing questions and having me up. I do have to run in a minute, but yeah,
I just, just want to say like,
really appreciate you guys listening to my spiels and
the encouragement and, you know, just want to give a shout out if you guys ever have any questions,
feel free to slide into my DMs. I'm not always the best at answering them, but I do try to go
through and answer. And yeah, and otherwise, if you see me at an event, definitely hit me up,
say hi. I'm always open to making new friends and chatting about nerdy crypto things.
No, I love it, Elizabeth.
It's funny because my last question was going to be to talk about your roundtable event next week happening in New York.
But we already talked about it.
So if you guys want to see Elizabeth and figure out what's going on in terms of Magic Eden on Bitcoin,
there's going to be a roundtable event happening next week in New York city.
So I know I pinned it up on top.
Thank you so much,
Elizabeth,
for being here.
I guess I'll keep the space a little open because we are going to,
we are going to give away our Azuki elemental.
Let me see if I got Keith here.
I'm not sure.
He's probably still the drive through.
Thank you so much, Elizabeth, for being here.
I'll touch base with you in the DMs.
Oh, oh.
Bye.
I meant to wave goodbye.
That was a hand raise.
I meant to wave goodbye.
Thanks so much again, everyone.
See ya.
Take care.
Let's see here.
Okay, Hurricane.
You got your hand up.
All right.
Gem, everyone.
Galen DeVos. I see NFT keys. Jikoi. Jashaka. up all right um gem everyone getting the bars i see nft key jicoj jasha card defy emi nk chain sanity everyone on the space gmtl we actually wanted to ask a question first of all but jasha
already did in terms of the ai right then secondly also wanted to ask a question but since she's out
um she stated that you know i'm turning'm turning down, should I say, projects that you should, they're looking and you know that,
no, these ones ain't gonna be productive, right? I just wanted to ask about what of the young,
should I say, young artists who've got the work, the talent, but then they've got no supportive
community behind them, but just wanna, should I want to launch on Magic Heading.
Want to see if they at least put out their work there,
but they don't have a supportive community.
Don't you think turning these guys down are just going to drop their morale,
drop that motivation that I've been pushing them forward?
That's what I'm going to ask
okay i can answer that yeah i think it's for you um i mean my experience just you know building a collection getting ready to launch it and then realizing the importance of social media and kind
of putting things on pause your Your community are your buyers.
If you have no community, you got no buyers, right?
So if you think you're going to put your stuff out there and the whole world is just going to buy it for no reason,
then you really need to think again.
I think you need to go there and build your community
and get the buyers behind your project because that's the most important thing.
You're selling art.
You're selling it to a community, right?
Hope that helps.
Yo, yo, yo.
Now I can talk.
And Elizabeth's gone.
Damn it.
You're right on time.
I was driving the whole time.
Yeah, I was, damn, I was eight minutes late to the space.
I wanted to be there right when it started.
But I was listening to some random podcast.
I just got into it.
But I'm here. I've been here. I just got into it, but I'm, I'm here.
I've been here.
I retweeted this space.
I shared it out.
It was a solid space,
a lot of information. So anyone that missed anything,
definitely go back,
re-listen to it.
I definitely followed spark build on spark,
really interested in what they're going to do.
And I've seen her like in the trenches with a lot of these Bitcoin projects
and the ordinals.
I did have some questions, but it's all good.
We'll definitely catch her on the next one.
Yeah, I'm trying to see, Keith,
do you want to help me pick out a winner for our elemental here?
This is a crazy giveaway.
Yeah, I can look through the crowd.
Okay, thank you.
Yeah, you go ahead, do that.
Hey, AC, thanks for being here.
Yeah, GM, GM, I'm so happy that you're still around.
That was scary when you were gone.
I did want to quick ask, why I have to keep asking myself this, I'm not sure,
but is it G-Coy or is it, I don't even want to say any other way.
I'm wondering what the other way is. Yeah, we like to say G-Coy, right, Shaka? How do we
pronounce the account? Yep, just like that, G-Coy.
G-Coy, okay, thank God.
I was panicking for a minute.
When I love, I mean, art is the biggest reason why I'm in Web3,
why I got into Web3, and I have just a bunch of NFTs,
some of them made for me by artists just because it's a vibe, right?
There's so much involvement in that person-to-person relationship when you can exchange
something so significant like art. But there's so much involved in, you've got this partnership,
in, you've got this partnership, I guess you can call it a partnership, but the fan art contest,
really. How many pieces altogether do you have in that? Maybe I missed this information.
How many artists, how many pieces are being voted on altogether? And how much time did it take to
set this up? It took quite a bit of time to
set it up so we actually started initially with um we actually tried to do something different
and it was kind of hard which was instead of running a contest that was about g koi or about
azuki was to create a contest that was about the nft collectors right so um the fanart contest
actually started with a call for nfts and we reached out to collectors and said hey you know
put put up your nfts right um so to kind of get exposure to to the nft collectors because we've
kind of felt that you know i, I'm new to Web3.
I'm learning as I go along.
But I met so many cool collectors and it's like they don't get any of the love.
They help to build the projects.
They support the projects.
They use the projects as their PFPs.
But they're kind of like the unsung heroes.
So we said, you know, let's try and do a contest that will bring visibility to them.
I think we had over 80 actually collectors put up pieces.
We couldn't do them all.
Some of them put up their entire collections.
So there was hundreds of NFTs.
We tried to narrow it down and pick the best ones.
So we actually built on our website if you go to nft lovers on the
gcoy.com website you'll see all the nfts that were kind of white listed for the artists then
we had to build a system so that the artists would um claim the piece because otherwise we
figure a lot of the artists like they love azuki's they just just draw the Azuki's. So we built a claim system.
And I think we got to close to 100,
a little over 100 submissions.
Very high-end fan art.
Again, if you go to the website,
you can see all the submissions there.
I mean, super high-end fan art.
Some of these pieces take a week or two weeks
for artists to create.
So it really shows the support.
And we kind of ran the contest on X with the support of Raid.
And the idea was to see, you know, if the collectors responded to the fan art that was created.
And I think almost all of them did.
And a lot of them were super supportive.
Some of them went back and paid artists for fan art based on the pieces they got.
So we thought, you know, so far it's a great success.
And we're doing final voting this weekend.
You can actually go to the website and cast your votes.
We got three judges.
They're going to be doing the final voting.
And then we're going to announce winners on Monday. We have a 10 grand prize pool. We actually got no sponsors for the project. We did it all ourselves. So pleased to say we didn't go there and ask projects to put up anything.
ask projects to put up anything because the problem with fan art, a lot of the projects,
they're all about themselves. They're not about cross-collection support. We actually have some
cool pieces with apes and azukis in there or different characters from different collections,
penguins and apes and penguins and azukis. And know it's cool to see um collectors because most collectors they
own pieces across a bunch they may have an ape but they'll have an azuki as well you know as
their pfp or whatever so yeah the whole contest actually we we think it so far it was a great
success it showed that there's huge community in in our, in our industry, from the artists to the collectors to the projects.
So, yeah, it took a ton of time to do.
But it's an amazing experience.
I really love that because I've seen some little bits of similar things that have happened in different projects. It's a massive amount of
time. But then to get people to really put the effort into it, it does take a lot of reputation
as well. So just from that perspective, being able to see this, I appreciate all of the work
that you've put into making this a success for both sides of this.
And I'd love to see more people adopt this kind of initiative.
Like you said, it's just with you guys.
It wasn't sponsored.
And that takes even more.
I did have something else to ask, but I forgot it already.
Thanks, ADHD. But thank you very much for ask, but I forgot it already. Thanks, ADHD.
But thank you very much for sharing that.
I appreciate it.
Yeah, no problem.
If you have any questions,
hit me up in the DMs.
I love my DMs.
I'm always available.
DeFi Emmy.
GM, you've got your hand raised.
Yeah, GM.
I'm Melina. GM, NFC Kit. I'm GM. GM, you've got your hand raised. Yeah, GM.
Melina, GM, NFC kit.
GM everyone at Trey.
Yeah.
I'm so glad. I do have a winner.
Just so you guys know, I have a winner.
Yeah, GM guys.
Jashaka, I have a question for you.
Since AI is quite overwhelming out here, yeah.
So how do you tell an artwork is an AI work?
Yeah.
So what's the question?
Yeah.
You know, AI is quite overwhelming, yeah?
So how do you tell an artwork is an AI work?
An AI work, yeah.
We don't really support AI work.
I wish projects would announce or say,
and platforms would say if it's done using AI.
I think if you want to support an artist and the artist says, hey, I did this using AI,
and you love the artist,
then you're really love the artist, then, I mean, you're really
supporting the artist, but I think projects that go there and do stuff with AI and don't announce
it or don't say, then, you know, you feel cheated when you buy. I've bought art and found out
afterwards that it was done using AI, because I'm, like, super into technology. I have an AI project on the side,
which is to build an autonomous AI that can run on its own. And I feel that when someone creates
art using an AI and then says that they did it, then they're lying, right? They didn't do it.
The AI did it. So you go there and say, hey, look at my art. But actually, Magic Eden did it. Sorry. Whatever the platform is, right? So, you know, you're taking credit from someone else, right? So I believe that in the future, AIs should be able to create their own art and, you know, have their own thing going on. That's the future that's going to come, right?
own thing going on. That's the future that's going to come, right? But yeah, don't impersonate
someone else is what I think is the bottom line. Yeah, I really appreciate that. I wanted
to ask Elizabeth's equation, but since it's not up here, I'll keep the equation for next
time. Maybe I'll sign it here. Thank you so much, guys. I'm so happy to be up here. I will keep the equation up for next time. Maybe I'll sign it here. Thank you so much, guys. I'm so happy
to be up here.
Thank you. Thank you. I guess
NFT can,
I guess we can go for the winner.
I love that people came to ask you
questions, Jashaka, too. We should
think about doing like an AMA,
like asking the founder of
G-Coy, maybe after the contest.
And we should do something along those lines because I think people have a lot to ask you too, Jashaka.
Yeah, NFT Kid.
I made NFT Kid choose the winner, so nobody hate me.
Yep.
The winner is Life is Great.
He's down there.
I'm trying to invite him up if he wants to say hello
Yeah, yeah, he did all the things he read to the space he followed Molina followed Elizabeth he did everything he's still here boy
He's still here hanging out
I loved well, I was only gonna get a person still here
Yeah, yeah, let's try to get him up here.
I know sometimes this is like people's lunch hour,
so they're like secretly listening to us at work,
and they don't want work to know.
That happens to me too.
Don't worry.
I do the same thing.
Yeah, he or she may not be able to come up, but okay.
Well, we gave it away.
That's exciting.
Azuki Elemental.
What is, why are we, why are we giving away these expensive NFTs?
These are glass act NFTs.
My God, I need to get some of these.
No, this was so fun.
I'm so happy we got to do this.
Thank you so much, EC.
Like, yeah, losing my account was like the was the most stressful part of this whole week
I'm still having to confirm certain things
just by the way
rest assured I'm back
and everything
it's crazy how you have to reprove that you exist
but it's all good
we're still here
I was happy I was able to do this
space as well towards the end of the week.
Yeah, you got it back quickly too, right?
It did happen quickly.
Some people wait weeks.
Yeah, I know.
I was scared.
I was scared.
But yeah, I know next week a lot of people will be in New York.
I'll be skipping out on New York this time.
We got to get to work. To Drashaka's point here. We've got NFTs.
We've got big, big plans for G-Coy. We gotta,
we gotta put our heads down a little and get to work. Um,
so I won't be able to see some people in New York.
I know I'm so sad because I know abstracts coming out with like a killer
party. Uh, but sadly I'm going to miss it.
I'm just super sad for myself.
I don't care about anybody else.
I'm just sad.
I don't get to see you.
This is like the first time I'm going to NFT NYC.
And there's like a bunch of people
that are choosing alternative events
or need to buckle down on what they're doing.
So yeah, I'm sad for myself.
No, you're good you're gonna
have a great time you're gonna have a great time actually we should um you know once you're back
so i know last week when we were doing the abstract space we talked about live streaming
obviously this week just flew but yeah once you're back from new york we'll we'll start
setting those up up on abstract i'd love to do more uh more live streaming um yeah totally uh
have fun in New York.
I'm sure it's going to be a blast.
Yeah, I'm looking forward to it.
I've got a bunch of things lined up.
And I'm sure that I'm going to try to take pictures.
And just like everybody else that attends these, it's a challenge.
I do want to find out from these people that just they can consistently post out what they're interacting with what events
they're going to because that's a whole nother level of interaction and content creation so it's
kind of wild yeah totally uh chin what's up chin yeah gooniverse do you know how you got your
i mean how you got hacked yeah. I clicked a phishing email.
Oh, yeah.
That's exactly.
Was it the one that said that your content disapproved?
Bro.
Yes.
Dude.
That's what happened to me too.
Oh my gosh.
Oh my God.
I think that's what happened to Abstract because they got hacked too this week.
And I was like, bro.
It seems like they're very similar.
Yeah.
It seems like a very similar thing.
From phishing email.
Yeah. Oh, they did. Okay. Yeah, it seems like a very similar thing. From phishing email. Yeah.
Oh, they did.
Okay.
So that's confirmed then.
Wow.
Okay.
So even this morning, I had to reconfirm my email and shit.
Because I think what happened was I put out like four requests in one day.
I'm like, get me my account back.
So which also freaked me out this morning because i was like oh my god is this
really x is this really it is this but it worked out fine so i changed my password again which now
i'm like i might just do that every week at this point i don't fucking know like and you have two
factor i'm assuming too right i have two factor yeah i've got everything up on up and running but
uh yeah so you also lost it too yeah i yeah it's the exact same thing like it was the email and
for maybe for people so they don't get hacked.
Yeah, let's talk about it.
There's this email that we can send to you.
It says X notify.
And it literally looks like it's X, right?
But if you look at the email address, it's not X.
But again, you click on it, it looks like it's from X.
It says your content is disapproved.
I think for being a content creator, we're just like,
yo, we got to approve it.
What the heck is going on?
And they'll give you a screenshot
of your recent post.
And they say, okay,
in order to verify that it's good,
log into your account.
So that's the first red flag.
And then you log into your account
and then give you an option
to log into your 2FA.
You do that.
And then for them to buy some time, they say, okay, they also and then give you an option to log into your to to fa you do that and and then and then
for them to you know buy some time they say okay please tell us why you deserve not to get banned
like your content deserves not to get banned and then that's how they get you because i don't know
about you girl in the verse like once i was like doing that and then by the way i get an email
from my ex account saying oh someone changed your email i'm like oh shoot and this is a day right before it was it was even faster than all that like the minute i put in my 2fa it was like
my account was but my whole my whole desktop just went like x signed out like completely um anyway
yeah like i'm just getting i'm getting the visuals again chin i'm like freaking out again
um no and i think that's what it is, too, is that when you're a creator,
and you think like, oh, because it did happen to me in the past, where I did have to justify
a post that I did and kind of claim to x why this didn't, why this wasn't like controversy or
whatever. So yeah, when I got that email, I was just like, oh, oh not again who the hell's reporting my tweets you know but yeah um luckily i got it back very quickly but it's still like freaking me out um how'd you get
it back was it through your badge i think it was through the badge joshaka here in the gqa account
were also helping nice nice yeah um uh but i also think it was like going to help support, right?
Like you go to X and you let them know that your account was compromised
and whatnot.
I don't know for you,
but I've now had to change even the email address on the account.
Yeah.
I couldn't put back the first one.
The X support.
Yeah.
The X support is unless,
unless you have like,
like the gold check mark as an organization,
because that's how I got it back because of my badge,
like shot to hero and on chain.
They,
they pretty much just message the support and say,
Hey,
like,
yeah,
that's what we did person back.
So I think,
yeah,
gold check.
If you have the,
like the premium gold check,
which we have,
you get like two hour support.
So we filed a ticket and we got a support agent and they said yeah
we see that she reported it and um i think otherwise it's a big chance that you would
just lose your account right although they know when it's a phishing scam so really they should
give it back to you but they don't have to um so i would just say for all you guys still using email
don't click links in email i spent two years before
i got into bitcoin because i was a white hat hacker um white hat meaning the good kind um
for like two three years and most clients would pay in bitcoin and i can send you um an email
from a mailing list and if you hitubscribe, I will most likely get access to
your PC immediately. Right. So that's all you need to do. Hit that unsubscribe button. So
anything, don't unsubscribe from mailing lists, right? We can hack you this way. It's so easy to
hack you if you click a link, right? And most big companies, when I get emails from PayPal,
from Stripe, from anyone, just go log into your account and see, right? If it's not there,
ignore it, 99% chance someone is trying to hack you, right? Because click in the link,
I get your IP address. I usually can get a channel to your PC as well. And we use this
tool called Metasploit and metasploit allows
us to push malware through these channels right it's you know it's so easy to hack you if you
click a link it's actually people have no idea awesome well don't freak me out some more then
um do i gotta throw out this pc i don't know email is dead yo don't just don't freak me out some more then. Do I have to throw out this PC? I don't know.
Email is dead, yo. Just don't use it.
Yeah. Okay. Sounds good.
Okay, guys. Well, look, this was a great show. I think I'm going to close out.
We'll be back here next week.
We'll be back here next week. Probably do a space on Wednesday.
Probably do a space on Wednesday.
And for those of you going to New York, have so much fun.
We'll be watching through the timeline,
vicariously through your posts and pictures.
And, yeah, everyone, just go touch grass.
That's what I'm going to do.
I'm now going to check my emails, and I'm going to touch grass this weekend.
So, yeah, we'll see you guys next week.
Melina, look at my GM post.
I was touching a lot of grass.
Check out my GM post.
Oh, I think I saw it.
You're crazy.
Yep, that's what we got to be doing.
That's what we got to do.
Touch grass.
Yep, good job.
Perfect.
Okay, well, look, guys, thank you all so much for being here.
We'll be back next week.
And I know Keith's going to have probably his Monday space as well.
I'll obviously retweet.
So make sure to have all of our notification bells up and running.
And we'll see you guys next week.
Take care, guys.
Happy Friday. Bye.
