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Good morning and welcome to the Lucky Lead.
Today is Friday, March 17th. It's casual Friday. It's also Saint Paddy's Day. March madness is in full swing. There's a ton going on. I think a lot of people might be looking for a quick break from NFTs, at least a small one, maybe after this past week of just total
on the quick topic of breaks. I will actually be out next week. This crew is going to continue to run the show while I'm down in Florida with the fam for spring break to make sure you stay informed every day with the news. And you know what that means. I have to leave it all out on the
faces feel today here this morning. Go out with a bang. So we'll see if I can pull that off. I see some familiar faces out there with us. Tag, tag, John, NFT shark. Thank you for joining us. You don't mind. Do us a favor. Retweet the room. Let's get some more folks in here and tag any of your friends.
who need some news in their lives in the comments. As a reminder for any new listeners out there, we run the show every weekday Monday to Friday at 10am Eastern. It's a 30-minute show covering all the major news in crypto, web3, and NFTs. This show is meant for those interested in discovering the space, those actively
buying and selling in the crypto and in a team markets. I'm your host Tyler D. I'm joined today by amazing co-host. We've got Emily loves crypto, a web 3 security expert and co-founder of the foolproof app. We've got ghost. Content star over at Lucky Trader Deep in the So Rare Streets, quietly a
and a T-Trader. Today we've also got CT. She's got deep experience advising and consulting across Web 3 and NFTs. We've got more Bitcoin action for her as our resident Bitcoin NFT whisperer. It's funny how that always works out on days she joins us. CT, good morning, how you doing?
Good morning and doing well. I do want to report though that I chose Arizona. Oh no. As my March men's winner. So March men is now canceled. So March men is over for CT just as it got started. That was a rough one. I think I saw like 99.5% of brackets already busted with that one. That was a
Quite the surprise. So we'll see if CT can shake that off and get some some good takes with us here today on the dock. And this is what we're going to talk about the Arbitrum Air Drop. We're going to talk some details and predictions for some price action. We're going to talk D gods on Bitcoin, Jack Butcher and Opepe.
we're going to hit the mochaverse reveal some links down action as well as a few other topics and all the news before we get into it let's hit our question of the day goes take us take us away yeah so a fun one today our question of the day is would you rather own a pfp on bitcoin east another chain or no NFT app
profile pictures at all. So we've got that pole pin to the top of the chat here. A bit of housekeeping as always. Tyler does a great recap every morning of the NFT market and his morning minute newsletter. So I'm going to pin that to the top as well. If you're not following it, what are you doing? It's great info. So give that a subscribe if you haven't already. And I'm also going to plug, shameless plug here#
here, Tyler for our NFT Roundtable show. Myself, Tyler, Logan, and Jason have been running a debate style weekly column and I'll do a weekly show going forward around the horn on all the latest news in the space. So it's a bit more of a casual Friday vibe, kind of like this. So pinning that as well, give that a watch if you have some time. Ghost, thank you for that.
one more housekeeping reminder. So today is casual Friday. So that means we're going to loosen some of the time restrictions. We encourage our listeners to feel free to request. Come up on stage and join the conversation. We'd love to hear your thoughts on today's topics as well as any of the other big action from this week's news. All right. Well, let's get into it. Our top
story of the day. I'm calling it the air drop ABC's Arbitrumbillions coming also known as a potential Arbitrumb bailout coming. Certainly it's no secret that NFT regions are in desperate need of a stimulus right now. Well, we might not have to wait long. Arbitrumb made the long awaited
I'm going to say it's got over 50% market share on L2. We'll get into some of the data here in the market.
And that air drop is going to be primarily for the community of Arbitrum users as well as a small chunk of Dow so put forth some proposals as the Arbitrum Foundation and Platform takes the next step towards decentralization. So that's kind of what's going on. Here's the quick TLDR. What is it? It's a governance token when March 23rd
where the Arbitrum. Foundation is the site. If you haven't checked already, go to that site to see if you're eligible and see how many tokens you might be getting. The air drop is coming again next week, 1.2 billion tokens. The tokenomics are interesting here with about 50
6% of the supply going to the community that's 43% to the Dow Treasury, 13% to the Air Drop, and then 44% are going to the team and investors. That's what the split overall looks like. Now, I think the question on most folks' mind is, how much money are we talking about? Let's talk some token price.
So I think most that I've seen in the market kind of speculating on price are comparing Arbitrum to optimism, the other leading Ethereum L2. Right now optimism, they're token OP holds a $780 million market cap in a $10.6 billion fully diluted valuation right now.
So if we look at some of the metrics Arbitrum has almost 2x the total value locked of optimism at 1.7 billion versus 930 million They're also doing about 4x the number of transactions over on Arbitrum then optimism is doing at least looking at the past month so that's led to some space
speculation that the Arbitram token could come out at about 2x or more the valuation of the optimism token. So if you do some back then, African math, that means a $20 billion FDV or fully diluted valuation for Arbitram and was 1.2 billion tokens that puts the estimate of token price around it.
$1.50. And I would also mean this is going to be about $2 billion stimulus coming to the larger ecosystem significantly larger than the recent Valer Air Drop. And certainly in the discussions I am in, the circles folks I'm talking to, most people seem to be receiving anywhere from like 2 to 3,000 tokens to 10,000 tokens.
So this is gonna be a fairly healthy air drop here. So there's a bit to unpack. I wanna get some of our speakers thoughts on this. First, maybe are you getting any coins if you've gone and checked? And then do you think we're really gonna see a $2 billion stimulus from this air drop? Go, so I'll start with you.
I checked price bad price because I'm getting zero. I saw people talking about Arbitram for a little bit probably two years now and for some reason just never bridged over and never did anything on there. So I am completely out and I'm feeling the heat because I wish I would have just taken a little bit of time to explore.
over there. But I like you in my circles, people are very bullish on Arbitrum and very smart people that I respect their opinions. So I'm pretty excited to watch the price action on this one and I think that it's going to be really interesting. I think it's going to be a really nice liquidity pump for in a time of need for the NFTs.
market really. So we've seen a lot of stats that these air jobs do provide significant relief in the NFT market and I think that this one will be no different. Interesting. I'm very curious. I don't want to get there as well. It's one of those things where you see the farming threads that pop around. Crypto
Twitter and NFT Twitter. It's easy just to kind of go in one ear and out the other and just kind of put them aside and not do it. But now that was the time where you wish you'd really gone through and done it. CT, I'm curious for your thoughts on this. If you think it's really going to be $2 billion or you're getting some coins, what's going on?
And definitely one who I pretty much just stay with Ethan Bitcoin, I don't buy any other coin. But, you know, as far as this air job goes, I did have like an era in my life last year where I was like a defy kingdom. So because of that, I do qualify for the air job.
I turn out so I'm only getting like 2000 tokens but it's better than nothing so yeah I don't know I've seen estimates between a dollar and two dollars right when the drop happens if I get an air drop I'm someone that I don't stick around like I just sell it and get out
So I have to think about it anymore. So that's probably what I'm going to do when this drops. But yeah, I use it for defy kingdoms and that's kind of why I qualify. And I use it for defy kingdoms too for like maybe like three or four days. And I guess I didn't use it for long enough or enough because I didn't get any tokens here. So maybe I need
to check the adders up then. Yeah, that's weird. I barely got it. Yeah, it's a tough break there ghost. A couple of reactions to CT first. That is absolutely a suboptimal strategy to sell your tokens to you. Get them. We basically proven that out with taking a look at all the primary charts for how these air dropped the price are
works work over the first few days. We'll see if we can convince CT to hold for more than four hours on this one. I do think folks are fairly bullish. This is not this is not collab land. Air drop coming this week. This is the biggest L2 on Ethereum.
Dropping and token so I'm pretty I'm pretty bullish on this one if you remember that that salt sheet from Blair I think that the prices on that salt sheet went from 50 cents all the way to $10 of course Blair never got close right I think it peaked around $1.40 $50 at least so far I think we could run that salt sheet
back out for Arbitrum. Arbitrum, though, actually has a shot to get there. If this market can get really irrational, the crypto is heating up behind the scenes right now. Certainly it is a nice environment for a new coin to be coming. CT reactions to that have convinced you.
I mean, I'm just saying, that's why I stay away from all coins because I'm scared of them. So I just take the money and I just get out. So maybe I would make a little bit more if I had waited or if I wait in time to market. But for me, I got to go. That's how I feel about all that's fair.
stick to your rules. They've worked for you well so far. Emily, I want to get your thoughts maybe on what happens to the market post-air drop. So certainly, I think the blur air drop played out as we expected. NFT DeGins took the money and immediately pumped it right back into
the NFT market. That's at least what what it looks like on paper. Do you think we'll see something similar this time around or do you think folks might be a little more frugal with there with the windfall? I think it's safe to assume that
the US people will be excluded. And then beyond that, I'm not really sure it's kind of hard to say, right? Because there's a lot of technical analysis saying that right now we're in a pump leading up to May.
and then it's gonna get really bloody for a while. So I think it's possible that people just, you know, if they're informed, they're going to take it by some crypto, ride it out until May, and then take their bags and leave. But then again,
Then again, people aren't exactly rational. So it's always hard to say, I guess the market tends to do the opposite of what I expect. So maybe NFTs are going to fall at this time. God, we can hope. I'm not so sure myself.
Regarding your crypto sentiment there, that is seeming to be a popular one right now. This whole sell and may go away folks are starting to speculate we're going to see a run here across the next four to six weeks and then maybe a pullback with NFTs potentially suffering during that next period.
as crypto continues to run, then maybe NFT season comes after crypto starts to dip. Certainly we'll see. I'm hearing a lot more of that sentiment right now. Tag, you've requested to come up and speak. Welcome to the stage. Do you have some thoughts to weigh in here on the Arbiter Mayor's route?
Yeah, well, so guys, yeah, I kind of just think people lumped air drops all into one bucket, but I think that does us a disservice here. I think categorizing this arbitrum air drop as the same as like a X2, Y2 or a blur or something kind of does us a
disservice and would make you tend to want to just sell it and get out. I mean, Arbitrum has been sort of hyped for like over two years now. And if you've been in like the DeFi summer, like it was hyped from DeFi summer in 2020. And I just think selling now like at the precipice of when they're about to roll out their plans
been working on for two or three years is just like shortsighted in my opinion. I think everything's gearing up for like a huge deep five summer again and that's just what that's totally my two cents and just finger in the air but I think it's lumping it all as like a one-term air drop.
is sort of does more harm than good, I think sometimes. No, I'm totally with you. I think that's a great take tag. There's a real ecosystem on Arbitrum from a crypto perspective. Of course, DeFi, as you mentioned, there's an NFT ecosystem with
treasure down and everything that they're doing. I actually wonder if that is going to be an interesting NFT play coming out of this air drop. Well, we see a pump in the treasure down ecosystem, maybe that DeFi, DeFi kingdoms. I'm more familiar with treasure down. I was deep in bridge world when it was kind of hot and popular. That's how I did most of the farming for
my air drop that I'll begin here next week. So I am curious to watch that potential trend play out. Ghost thoughts and then we'll go to CT. Yeah, I just wanted to agree with Tag there and I kind of look at this one even though I'm not getting any of the same as how I felt about Blur which is they were different than the
ones because they had a big loyalty base of people already using it and people that liked using their platform and we have a lot of people that love Arbitrum and love the ecosystem over there. So I don't think this is the same as X2, Y2 or something like that where they were just dropping and then helping you use their platform or product. Good point CT thoughts.
Yeah, I want to clarify, I definitely think this is not the same plan as X2, Y2, I heard her drop, but just as a part of my own personal thesis and for the sake of keeping things simple in what I focus on, I just don't do anything but Ethan Bitcoin and maybe one day that'll change.
like for me, I just can't, I can't keep up with it. So I have to stay liquid for these Bitcoin NFT drops and we've got a big one coming here today that I'm sure CT is foaming at the mouth for. I'm excited to get into it before we go on just my final thoughts on
an Arbitrum. I hope we see a day one dip. I'll probably be looking to potentially scoop some up if we do see that. I do think this could be a decent longer mid to longer term play here. Certainly we'll see. We'll be tracking it closely next week. All right. I want to talk about D-gods.
Bitcoin before we do that. Let's read the news. Today's Top Headlines powered by Lucky Trader. Trading volume came in at just under 36,000 ETH yesterday, the highest since March 9th, though most NFTs continue the recent downtrend. Crypto punks eclipsed to 69%
around $80,000 or the equivalent of three Bitcoin for that one. Fellowship AI minted out its patron passes around a 0.248 and then sold them 4x to 1/8 overnight. Sold them a retrace about 0.7 here this morning and what turned out to be the mint of the day. Those passes are mint passes
for an upcoming post photography, AI set of collections with a drop from Rubei Rinesdo and he will also be curating the collection. In other news, Jack Butcher shared new details on the Opepins, the potential for Opep APFPs, while also launching this Opepifier tool, Leena Crowe generated Opepins
memes popping up all over the NFT twitter timeline yesterday. Digi DaGaku completed one half of its dragon eggs airdrop of the collection. It's lost some considerable steam since the Super Bowl. Now at just 0.069 ETH. In crypto and web 3 news, the crypto market was up big overnight, Bitcoin plus 7% at
26,500 EVE plus 5% around 1750, blur up 3% to 0.64. It seems like the most recent Fed bailout has already started to hit the markets. Equities up big yesterday as well. 8 coin survived the 40 million token unlock last
night, it's up 1% today as well at $4.35. So another bullish unlock, it's looking like an in links down officially buys a golf course winning their bid on the Speybay golf course in Scotland. The purchase price is still unknown, but was likely at least $908,000.
All right, but before we get into D. God's actually we just just quick question on this ape coin price action should we just stop talking about these unlocks it seems like they're they're always bullish and Maybe a little over dramatic heading into these ghosts. I think were you surprised at all at the the ape price
section of this play out as you expected
So, so not surprised by the results and happy to see a hold in strong there. Yeah, same. So we'll see how it continues to train. We are just about 12 hours in so far. All right. Let's talk about the latest NFT coming to Bitcoin. It's Frank D. God. He's following it in Yuga's footsteps launching a side project on Bitcoin.
Instead of going the art route, he is using the 535 D-Gas, which were burned last year and effectively resurrecting them on Bitcoin. It's supposed to drop today. We'll see if they end up pushing the mint in typical Frank and D-Gas fashion. It's not going to be cheap. It is priced at 0.44
for Bitcoin, which is around $11,000 or $6.6 a.t. when I ran the numbers last night. Though this is right in line with the current floor of D.Gaud's over on Solana, which were around $560.00. I checked in around $10,800. So those kind of calling it a cash grab, well,
it is at least priced at the floor of DGOT. So there is some logic and rationality there. I think that the question becomes when NFT traders rather own a sole-based DGOT or one on Bitcoin and we're about to find out. And again, that auction yesterday is a promising
in sign with the original Frank selling for three Bitcoin. So I'm curious, I'll tee up our resident Bitcoin NFT whisperer and CT for this one. Do you think this is going to sell out? Do you think it's going to sell out in a gas war? And then maybe thoughts on whether or not this is going to be, if this is a cash grab or not.
Um, yeah, I think it's gonna sell out. I think that we're gonna see mostly I think more, you know, waily people maybe purchase these Maybe whales who have like dipped their toe, you know, in ordinals a little bit more like trope of farmer people like that. I think we'll, you know, probably encourage people to
to buy. And do I think it's a cash grab? I don't think it's a cash grab because I think that Frank from what I've seen, not 100% sure, but he kind of seems like a bit of a Bitcoin Maxi. I don't know if this is like a new development that he's brought on or if he's always been a Bitcoin Maxi.
I think that's the question and something to look out for. And yeah, I mean, I don't know, I think that I'm not going to go for it because I de-gods really aren't my thing. But I think someone would probably rather own a de-god on Ethereum, which they're moving over to eventually.
I think this is a part of DeGods history because they're the ones that were burned as part of the tax and I think especially DeGods and you know fan, I was gonna say fan boys but fan people might be interested in owning a part of that history. I think fan boys is a fair term based on the part of
videos we've seen. Yeah. No, I think that's a pretty solid take there CT. I'm interested in this one. I'm probably not going to fire at it, but if I'm also not a D God's owner, I will say if I was, I would have been thinking hard about selling my D God over on Solana. And for
up some funds for the Bitcoin version. Emily, I want to get your thoughts and we'll go to Ghost. I'll tell you the one part that I find weird is that they're revising reviving the gods that were burned because the expectation is that those are gone forever. And like I just
I know that that seems kind of funny to me.
Forever can be maybe just a matter of months or years forever and we want to sell them again That's a good point. That's a really good point. You think burned and you think it's like gone from the supply right
So yeah, that's interesting. I never thought of that. Yeah, nothing is ever burned. Right. I feel like they should continue to exist in like the right click save capacity, right? And like it's it's almost like a museum exhibit and then they like go turn around and sell them again on Bitcoin.
Yeah, and I think that line of reasoning couldn't lend itself to this being a cash grab more than just the price. They're pulling a collection that had been a piece of the collection that had been taken out of the supply. And now effectively reselling them. And if this thing sells out,
If I did the math right 237 Bitcoin or 6.3 million. So that's some serious inflows here for Frank and the team. Go. So I want to hear your thoughts on this. Well, I saw a tweet yesterday saying I was today years old when I learned that the gods have a 6.4 which I totally resonated with and when you saw
that price of the mint on its head. I was like, "Oh my God, that's a lot." I did not realize I was in line with the floor. I think the conversions between Solana and Bitcoin and then also seeing Solana almost die there for a little bit. I think that still lingers in my head of like, "Oh, the prices aren't that high over there." I was personally
really surprised to see that they are at that floor right now, even though I know they've been higher. But so that really changed the opinion of the mid price for me. And I think that it's interesting. I can see the point that Emily is bringing up. And I also see the opposite point, which is that they burned those tokens at a time like when the project was like very early on.
before it had any hype or anyone really wanted them. And so the low supply that they did burn and to bring those back, it's not as big of an issue to me personally. That's interesting. And I think part of the reason people don't know the price of these guys, we don't really do a great job of covering salami entities on this show.
or really over at Lucky Trader, I think we could do a little bit more Solana coverage. But after Solana went down for what seemed like a few days, I just totally stopped tracking the ecosystem. But D-Gas, they've been holding strong over there, you'd say I think around 120 floor now.
see how they hold up during all this. I'm looking at the results of our poll. The listeners are saying about 36% would rather own their PFP on Bitcoin 54% on ETH 9% on other. I think interesting results there. I voted Bitcoin. If if Luca says the
pudgies are going cross chain and I have a chance to to wrap the Bitcoin version of my Pudgy. I think I might take him up on that. Maybe I'm buying into this Bitcoin hype here. I know that's music to CT's ears CT. I'm curious if you could have your same squiggle on Bitcoin. Would you make the switch?
No, no. I would not, I really don't, I mean, I said this before on the show. I really don't fully understand, you know, really established like, Ethan, the tea projects that are like, hey, like by the way, you can have this on Bitcoin. I know a lot of people like Molkateen, people
literally into that I think little pudgy's already have that little you that bridge to other chains but I just I guess I just don't understand why I would want it or needed over there honestly you know I if there's an original collection that comes out on Bitcoin that looks cool then I'll buy it there but I just I guess I just don't
I don't really see it. I don't really see the point. But if someone could educate me, let me know. Our Bitcoin NFT, Whisperer, doesn't see the point of NFTs moving to Bitcoin. Is that bearish for this trend? I'm curious for your thoughts. If you would prefer
What's your answers to the poll question that maybe we'll move on? I mean I'm not too strong like either way. I don't really care what's changed on as long as I really resonate with the project or really like it. So it's not a huge issue to me. And I think that's something that's changed more recently as it ordinarily is a deep popularity. And we've seen kind of even so long, like I would
I like I own a couple of youths and I like them like I wouldn't be I wouldn't be against putting that as a profile picture if the project continues and I really vibed with it So I think it's more about personal preference and and vibes more than what changes onto me. Fair take Emily last thoughts on this Yeah, I'm with CT
I think migrating or replicating PSPs on Bitcoin is a weird move. Why aren't people creating brand new collections and those getting attention? Other than they see it as a really good way to capitalize on
the attention that's happening over there right now, but that seems super inauthentic to me. And also it seems like, you know, the quote unquote discovery of ordinals, this is not the first time that someone's figured out that you can inscribe with a satoshi. This is the third time someone's figured it out. So to say that, oh, you know, the technology's never been available.
for is kind of a cop out. It's mostly about awareness and trends that the people that wanted to do it were unaware of back in the first place and for whatever reason it missed the radar. They didn't believe that they had the ability to create the hype and then you have entire collections.
moving on to Bitcoin and completely abandoning what they were doing on ETH, which I find just a little bit of a, I guess, a red flag from leadership as far as, you know, what's the thinking there? What's the, what's the, you know, how big of a thing
do they think they can really build to justify scrapping 18 months, 24 months of building. And then kind of just like the partial, like, "Oh, we're gonna like kind of have some token Bitcoin entities because we know those slantabros really love Bitcoin." I think it's kind of bizarre to ration
I've got a lot of trouble putting a story behind it that makes sense. That's fair. I do think there's going to be a lot of eyes on this meant today from some of these other PFP collections, other projects to see if Frank can pull this off. And then maybe what, how the secondary market action looks
I can see if they'll maybe follow in his footsteps or not. Maybe a warning sign from 12-fold. 12-fold has turned totally illiquid ever since that meant. I heard rummings that there might have been one offer taken yesterday. I'm not seeing the details of that on the ordinal's market. The floor is sitting at 34-E.
which is probably around 2.3 bit coin or so. The floor briefly went under mint yesterday. I didn't see that, but the top offer is 14E right now. So well below mint. So I think warning to anyone chasing the D-guides mint today, just realize that it could very well turn fully a liquid.
once that man is completed. So just be aware of that. All right, we've got a few other roundtable topics to get to before we do that goes. Take us through the NFT market headlines. Let's do it. Here are some of the top market headlines from Thursday powered by Lucky Trader. One of the lost robbies otherwise known as AI generated new
Portrait number 7 frame number 110. That's a mouthful sold for 260th yesterday, which is 432,000 on super rare. So a big sale of one of the grails of the space yesterday. Chippers launched their second adventure with the start of the Board 8 Chronicle Series 2. Chippers are not moving very much right now down
5% to a .92-EAT floor. The new Yuga Heavy Metal Collection saw a couple of big sales yesterday of the hollow tier power sources with number 5 going for 50-EAT and number 7 going for 45-EAT in a package deal there. The collections holding an overall floor of 2.2-EAT though significant rarity premiums clearly are still there. V friends are
The option 2.0 for Burn Island started yesterday bringing an exclusive auction for three un-mitted chromi squiggles, interesting to see bats. Lucrisse and Moonbirds, Clown Aberration, DeFi Birds will start their first Burn event today, allowing holders to get a rare glitch bird. DeFi Birds are currently at a .198 floor.
and probably we'll talk a little bit more about this here. The NFT marketplace Magic Eden tweeted a new version of their logo in the Bitcoin orange there and people are speculating that it might be hinting at incorporating ordinals into the marketplace. That is interesting and that would be a real potential bullish use case for Magic Eden.
they can start having some trading unlocked with some of these very illiquid Bitcoin collections. That's going to be one to watch. I think the other headline I'm watching is the Mochaverse collection revealed here. I think we might actually have a Mocha PFP in our listener here with Ashlyn.
What Rocky want appears to be a revealed Mochaverse PFB. I could be wrong there on the floor was holding up pretty well this morning in early post reveal trading. I'm seeing it is now down around right at one each down about 18% on the day. Kind of typical post reveal sell out there. We'll see.
see how that one continues to rebound. I want to get into that before we do. Just quick plug. Ghost does have his so rare primer coming out there today. So make sure to check that one out. All right, maybe I'll get this crew's reactions to the Mochaverse reveal here. Did anyone have you guys seen these yet?
And then I think my question is does the art really matter on PFPs from some of these huge name brands like Anomokha? Are you buying into Mochaverse because of the art or are you buying in as a bet on Anomoka and essentially the art doesn't matter? Emily, I'm curious for your thoughts.
Okay, so the entire concept of like what does it take for someone to change their PFP has always been fascinating to me and I don't think it's about necessarily the art so much as it is like vibes right?
like do you vibe with it? Is it like not, is it great? Is it amazing? Is it the best thing you've ever seen? But like is there something you identify with? And I think a lot of people want to identify with the current it thing and money. And beyond that, I think you know there's a deeper element there where it's more
about like, you know, is the, is the team you work for? Is it a team that you want to represent? Right? It's, I find it very similar to, by including that's covered in logos, right? Where, you know, if you buy a shirt that just has
huge, a deas logo across the front. There is no denying what brand you're into for that day. But I think the Mochaverse PFPs are ugliest in. So I don't think we can say it's about the art. That's where my head is to
People rock clothing brands partially because of the way it makes them feel, right? And a lot of cases because they're proud to rep that brand based on what it means in society, social circles, things like that. It's very similar to PFPs and why people rock PFPs for
for days or make them their longer term ones. And I think that's also a very indicative of some of the problems we've seen in the mid-tier PFPs. A lot of that pride has gone away in what it means to rock certain PFPs. And I think that's also been a factor in some of the price action. We'll see. Go ahead.
I think something that's worth acknowledging is that, and many people don't, is that there's, you know, for a while wearables was the trend, right? Like, oh, what are your meta-verse wearables going to be? And people are like, we're going to make cool stuff for the meta-vers, for people to walk around with their avatar in. And like, you know, these companies that
But we're going to make something you can use in the future. When history looks back on it, they're going to say "PFPs are the first wearables." For anybody that's trying to establish themselves as that kind of a brand, any kind of clothing brand, I find it totally shocking that they aren't diving as deep as possible.
possible into PFPs. I think that point makes a ton of sense. So I'm right there with you CTF thoughts on this. So this kind of goes like I mean even if we're talking beyond the art beyond like you know the big big brand involved beyond all of the
I don't buy NFTs that end in the word verse or like metaverse. I just like I truly feel like it's a bad vibe like you're trying harder something to like intake whatever you're doing with the metaverse and I'm just like it's just not for me. It's like
I don't know what it is. It's like something in my mind. More let me do it. So I you know, I wish them the best but yeah, no, I'm not for me. What other births and thesis can you think of? So we got mecha births comes to mind. I'm trying to think if we have others. Maybe it's that Emily. Would you do you think of any? Well, no, it's it#
I think what you're intuition is telling you not to do is not to buy a flying car. Right? Like you want to buy a car you can drive now you don't want to buy a flying car. Anyone's telling you a flying car. Probably selling you dreams they can't make. You know, I think that's really what it is.
is, as far as, you know, verse, metaphors, whatever goes, I don't know. I think that team or that term kind of died off. People realized just how far away that technology is and just how much money and how much technical
skill that they don't have or don't know how to collect and manage was going to be. So they went back until someone else is able to do it for them and they can build in that platform. It's such a good point. I'm actually just reflecting on it now. How much the term meta versus even falling out of our vocabulary. I
I'd love to run the transcripts of this show the last 51 episodes and see how many times the term "Metabers" has even come up. At least compared to other major terms or buzzwords like gaming, it does feel like the gaming sector has kind of taken the place of the "Metabers" as the next
big thing, and of course we'll see how close that really is. Ghost, you had your hand up thoughts on this? I mean, I think we've talked about the mid-tier bleed of NFTs over the last couple days here, and I mean, there's clearly right for opportunity for new projects to come in and kind of take over the mantle from where those other
NFTs have fallen. I feel like these look like three landers. That's like the first thing that comes to mind when I see them. And I also find it very interesting like Emily on the psychology of what makes people change their profile pictures. And I also think that it's really tough for these projects to succeed long-term
Because like we talked about yesterday nobody thinks long term anymore So you have to have this long road map basically if like the price goes down like post-reveal like immediately on day one Most people are already writing it off so it doesn't really matter what they have long term They could have the best possible road map But some of these projects just fade out immediately because people didn't like the price action our blur farmers were
We're going a little too hard so it's really hard for projects to really sustain momentum for a long time unless you have a really unique recipe of like success in the market So I'm worried about things that have execution risk right now, and I feel like Mochaverse like has a lot of stuff I'm reading their timeline right now with like a staking and a
crewing XP for stuff. So a lot of that stuff sounds a bit convoluted for me. So I'm really looking for a flight to like quality gen art and things like crypto punks or things that have very stood the test of time there. That's a good point. We've seen how recent high projects like Momaguro, right, fell off a cliff almost immediately. And then they're pretty heavy, you know,
heavy team tied to that. And they can't turn it around and make it a comeback, but it just shows how hard it is to catch any success in this market with a new launch. We're talking about what's going to be around and going to be winners in the next bull cycle. I think certainly some of our OG collection
are lending enough that they'll likely be around but I think most likely there's going to be new projects that are the primary winners. So it does not mean that everything we have now is going to see a full rebound in the bull. I'm doubtful that's how it plays out. Emily, are you more thoughts on this?
I think the concept that for an energy project to be successful they need to spend all their time and effort to pumping the floor is something that is gonna die. And I think it's gonna die soon. I think a lot of people that have been here for a couple of years or even
even over six months have realized that without the entirety of the efforts surrounded to getting people to pump the floor, which involves convincing holders to sell at some point, right? You have to strike that balance of like hope, you know, and also take
your gains in order to get new people in and then you have to be ready to receive those new people through programming in the community does not leave a ton of time to deliver actual product. And I think that as people start to realize that they hold these things that are fairly illiquid.
and they want value for them other than secondary inopportunity, cell-in-one secondary, that value is going to come in the form of actual stuff, right? Games to play, new NFTs dropping, interactive experiences, valuable IP that's actually worth some.
because there's effort behind it that isn't like I'm a silly animal J-Pag. And you know this sentiment around oh I'm gonna buy something because it's pumping versus I'm gonna buy something because I trust this team to deliver something of quality in the future are not the same. And for the teams that have the
chops and the ability to deliver this type of stuff. I think those are what's really going to make it. It's not, as we can clearly see, it's not the projects that were the quote unquote blue chips that then didn't really communicate a direction or have the ability to deliver whatever it is. They just like got a few
and excited people with some friends behind them who like vived with the pictures and then when the pictures stopped having that money component they grow immediately less interested. It's a really strong take and certainly the markets are becoming much more difficult to even turn quick prices
it's on these men's so that short term mindset could likely start to go away. I mean, certainly blur farming and this new, you know, hyper short term focus has caused a lot of these issues. It feels like we kind of need a reset to move on and start to think
differently. But you mentioned about giving teams time to actually build. That's a decent say into Link's style. Link's style has been around now for a well over a year. And they just pulled off a pretty big headline here and buying a golf course over in Scotland. And Emily, I feel like you've got some thoughts on this.
is this one of the more successful dolls that we've seen in the NFT space here so far? I think that is one of the most concrete achievements that the public is able to experience. And I think that's pretty freaking cool.
to create an NFT project, say this is what you're going to do and then deliver on it is spectacularly rare. And I think it's really neat that they manage to get a whole bunch of call-fers that are also
also into NFTs, get them to give them money and then get them to pick a location and complete a real estate transaction that they now have access to. And it's right in line with their vision. And if you travel at all and enjoy golfing, there's a lot of value to having
home court and they're valued to being able to go new places and have a part of your travel. So it's cool that they know they need to do it. >> It's hard to argue with that. It even has Emily's dogs fired up behind
us, Mike Dutus, and the LinkSdow group. It's hard to argue against this being one of the more significant concrete achievements from Dows in this early NFT space. I still have a few questions on the overall finances behind LinkSdow, all the money that was raised and how that's being used.
But putting those aside, this was a big day for what has become one of the more successful sports NFT projects and ecosystems. So definitely rooting them on for continued success. We're well over time. We lost CT. She had to drop it and get to some real work. Before we go one more question, I may be too
this one up for ghost. And it's regarding the Opep and PFPs. Do we think these have a shot to flip checks here? With the Opepifier, we're seeing these all over the timeline. That was my major takeaway yesterday. I found myself on the 4U tab. Of course, always a mistake on Twitter these days.
I was over there and everything I was getting fed was Opepon, P.F.P.'s and memes. So I'm curious for your takes on this. Do you think they've reached mean power? And what do you think is stronger now? Checks or Opepons? Man, it's tough call. I love them both. And I know we have been kind
of condition to look at prices so frequently and we talk about it a lot in the show and honestly like the jack butcher ecosystem between checks and opepins like I don't find myself checking the floor very often and I'm more just interacting and engaging with it and making opepins like I was using the opepifier a lot last night and it was super fun to
just put in random pictures in there. I am constantly on the checks generator figuring out what combinations to combine. I really just enjoy the project and I love Jack's vision and how he is able to really make you think about stuff. I think that's rare in today's market. I have really been
checking the price, I'm not sure where it goes but I'm definitely enjoying engaging with it. Yeah, not checking the price is probably the right reaction. So, you know, I did check yesterday after I saw Peppin's floating my timeline, they're up, they're up about 15, 20% or around 0.55. But when I logged back in this morning, it looked like that
I'm not sure what the catalyst is going to be to drive up this ecosystem or if it's just suffering from the symptoms of the entire NFT market right now where everything is pretty much just stalled.
or falling. So we'll see, but it's been fun to see those pep and pfps popping up and they are cool. And I might even venture into a pfps switch. I like my my pudgy Opepin version quite a bit. So maybe maybe we'll see that. Oh, we tried to get Uncle Eath up here. We couldn't do it.
I think we're going to go ahead and close out the show here today. Really quick before we go. One more reminder, I am going to be out next week. The co-hosts are taking over the ship. I hope they don't mutiny. Expect a whole lot more clay in a T talk with Logan coming on full time.
So make sure to stay with us. There's going to be some awesome shows next week. What's dropping today? We've got that Mochaverse reveal already happened. We've got the memes by 6529 coming at noon. Easter. We've got our blocks presents rippling by E win Lynn in a Dutch auction at 1 p.m. We've got Seek coming tonight at 6 p.m.
7 p.m. The Sotheby's natively digital collection is kicking off today. And then the Sesame Street hyped mint. Coming on Sunday. It's over on V though. The time is still TBD so follow V for more info on that mid drop. I do believe that's going to be $60 for that
I'm sure though be this tough to ment on. Alright folks, that is it.
That's our show crew will be back on Monday at 10 a.m. They start listening for tuning in. They start speakers. Thanks to my calls. Everyone enjoy your Friday and enjoy your weekend. Let's make it a great day. (upbeat music) Bye everybody.