I'll give it a minute. All right. GMG and thank you for joining us here this morning. We're going to start the show here in just a few minutes. We'll give it a few for folks to filter in. Get our speakers up on stage while we wait. Here are some terms.
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Good morning and welcome to the Lucky Lead. Today is Thursday, May 4th.
I'm not going to say it. I'm not going to say may the fourth be with you because I'm not a nerd. So I'm not going to say don't try to make me. But on a serious note, it is a beautiful day here in Chicago. We are warming up Pepe and the meme coins are warming up on what as well. Pepe
Absolutely on fire sing new all-time highs the NFT market feels as boring as ever But we don't care. We're still showing up every day We're gonna talk about him here on the show. I see some friendly faces out there Liz and T shark hunter. Thanks for joining us as a reminder for any new listeners out there. We run the show every
Every weekday Monday to Friday at 10 a.m. Eastern. It's a 30 minute show covering all the major news in crypto, web 3 and NFTs. The show was meant for those interested in discovering the space, those actively buying and selling in the crypto and NFT markets and those here just doing research. I'm your host today. I am your host Tyler D.
I'm joined today by two amazing co-hosts. We've got Emily loves crypto a web-through security expert and co-founder of the foolproof app. We've got ghost content star over at Lucky Trader quietly. A whale NFT trader in his own rights still rocking that knock amigo. And I know he's holding the bag of pet that ghost. Good morning. How you doing today?
>> I'm in Chicago as well with Tyler is warming up. The meme coin markets are warming up so everything is feeling pretty good right now. >> Just an unbelievable overnight action.
actually traded out of a little bit of Pepe yesterday and just fully regretting it. We'll cover all the price action later on today's show. So on the docket for today, Amazon NFT marketplace finally coming. We're going to talk about Blair's blend.
and quieting down. Nate Chastain found guilty. Jack butcher successful Opep and launch a new photo in a T record plus all the meme coin news and other headlines. But before we jump in ghost, any housekeeping items for today?
I was. As always, Tyler does a great recap of the NFT market every morning in the morning minute newsletter. So we'll pin that to the top. Make sure you give that a subscribe as well. He did an interesting one this morning on Jeremy Coward, which I was following a little bit yesterday. That was a really cool story. And then we had a fun roundtable episode yesterday, live show on the air. So we talked a little bit about a little#
on new NFT kicks, some of the blur blending stuff that we've seen going on and a bunch of other topics. So we'll pin that to the top as well, but give that a listen or a watch if you're interested in that. - Go Sam, thank you. The Roundtable Show was fun yesterday. So definitely check that out and appreciate your comments on the German coward.
Newsletters from this morning, he's actually going to be joining our spaces on Monday to talk live about his process. But we'll cover it here later in the show. But I want to start with our top story here today, Amazon NFTs. So on yesterday's show, we talked a little bit about truth labs and their new God
and town season two meant and that pretty funny down bad application process that they rolled out. So here was the surprise tweet that we got yesterday from Truth Labs at Big Inc. We believe innovation starts with commerce and who better to own the supply chain than Amazon. We're excited
to announce every big ink NFT holder will be able to claim a connected big ink employee as a new day one Amazon blockchain NFT. Wow. So I think this is officially the first NFT project that we know about that will be launching on the Amazon NFT
market place, Amazon blockchain, everything tied into this. I'm scrambling a little bit because there's really not much official information out there. At Lucky Trader, I've been working with Logan in the staff. We actually haven't published anything on the Amazon and market place because there is
There's no official information out there. It's a lot of guesswork, but I'm going to read a post from Moritz. He did a nice thread. Let me pull this up here. With his thoughts on how the Amazon marketplace might go down.
back on May 3rd, he said Amazon is launching its NFT marketplace in 12 days and it's huge for Web 3. So he's saying May 15th. It was originally supposed to launch in 2022, now May 15th of this year. He's saying he got information across 15 different articles. Some of the highlights
that he walks through user experience. Amazon wants to simplify NFT purchases. You'll be able to pay with Fiat using your credit card. You won't need to know any technical know how about how blockchains work, any of that. He's calling out vegetables. The word we all hate. The Amazon wants to integrate digital experiences. You can buy NFTs with
credit card and get physical products delivered to your doorstep gaming. It does feel like there's a lot of chatter that gaming will be an important aspect of the blockchain that they're rolling out and some of the partnerships they've had regarding their blockchain. Amateur, he's saying Amazon is going to launch its own private
blockchain. There will also be selected Ethereum projects integrated since the beginning, and they've also partnered with Avax and Chainlink, but details are not known yet. He's saying the name will be Amazon Digital Marketplace. Amazon Digital Marketplace, knowing the public perception of NFTs, he personally likes the choice.
That's what we know or that's what he is claiming to know. Again, that's not official, but it is a bit more information about what could be rolling out here in the near future. So I've got a couple of questions for our speakers. One, do you think the Amazon MT Marketplace is real?
Is this actually coming and do you think it will perform well goes all to you at first? I mean, I think it's definitely real. There's definitely a lot of smoke and where they're smoke is fire. I do think that the it's going to be really interesting. I don't know if it'll be the same type of impact on our pfp type JPEGs as some other market.
like a blur or launch or something like that. But I do think in terms of like massive option and exposing new people to technology like specifically the gaming sector. So I saw some things saying that they were going to integrate with Twitch and have a big rally around new games and pushing that content to Twitch and partnering up with a bunch of big content creators and stuff like that.
that can really move the needle, especially with the sentiment that we've kind of seen from gamers in the past. I think as someone like Amazon, everybody pretty much in the world has some experience with Amazon and loves to use their shipping and their order and process for goods. I mean, having that integrated right in there, I think that really
and the more people that are getting on board with technology the better. I think that makes a lot of sense. And, you know, same question I'd love to get your thoughts on, you know, maybe how you think the Amazon marketplace will perform out of the market.
the gate, maybe who the user base will be. I'm curious for your opinion. It's really hard to say at this point. I feel like there's a good chance it does as well as the coin base and FT Marketplace. I don't think that Amazon
has had the interaction with the active buyers in order to get adoption of the active buyers, I think that they are trying to get an entirely new set of buyers. Sorry, Terry. And I think that that's going to prove tricky.
I don't know. As far as the spirit of decentralization goes, Amazon is not the first company I think of. I think that's fit here. The analogy to Coinbase is the one that's top of mind.
the groups that I've been in, the question is why will Amazon and a team marketplace perform better than Coinbase's dead? That's a tough question to answer right now. If you look at the daily or the monthly active users, certainly Amazon is way ahead. So the numbers I've got here
from more. It's basically 197 million monthly active on Amazon 9 million on Coinbase. Those coinbase users are crypto active or at least at least versus that Amazon userbase. I think you have to
take those numbers with a grain of salt. I think my concern here is just because they turn the marketplace on, it doesn't mean like a switch flips. Now the mainstream, America, the mainstream world wants to buy NFTs.
So again, it's all going to come down to how brands start to launch products. And like this digital aspect is interesting. You know, if brands can find a way to launch digital goods that have a physical component, you know, with a way to interact with the user to keep the engagement steps.
that will be interesting. Emily some additional thoughts. Yeah, the part that confuses me, I guess, is that like Amazon is effectively the Walmart of the internet and people that shop at Walmart don't necessarily have extra money to be buying
NFTs. So like, who are they selling them to? I don't know. I just can't like figure out this funnel that they're trying to build and how successful it will be. And you know, largely because they've been really quiet about it. So maybe all of this will come to the surface
and all make sense, but every scenario that I imagine, because the first scenario I imagined had a lot more to do with their logistics, and that's not what they're deploying. They're deploying a true marketplace for consumers that I don't know, I've trouble
seeing that path. Yeah, I'm right there with you. So I think there's hints that projects like the Pudgy Ping-Wins might be integrated and launched on day one, but it still begs the question, you know, who's going to buy a Pudgy Ping-Win on Amazon and the Amazon blockchain who hasn't already bought it in the last
last 18 months on Ethereum. So I don't have a good answer to that, but I do have a question regarding the goblins, man. And then we'll kind of round out the discussion here. This does feel like a bigger deal maybe for truth labs and goblins for them to be able to launch this goblins
Do day one Amazon NFT? Do you think that helps? This project specifically may be performed better. Go sell. Okay, your thoughts. I mean, I think it's a nice little short term pump here on that news. It kind of reminds me of like when people were announcing that they were Coinbase launch pump.
partners and people were excited about that. I think that the hype surrounding it is more of a buy the rumor sell the sub news event. I'm reading a block work article about some of the Amazon planned use cases. Some of the planned use cases include exclusive drops of music ebooks, movies or TV shows, physical
good shift after an Amazon customer buys an NFT, access to a private club or behind the scenes meeting greets with musicians or celebrities. So I think like the real world type stuff that is going to be packaged as an NFT is the real use case here for Amazon and how they can reach a broader market. I don't know if there's going to be people like you said that are logging on to Amazon.
Amazon to buy a Pudgy Penguin or a truth NFT? Yeah, I think that's the right thing. I'm looking at goblins on blur right now, the OG and again, we don't know the specifics, but if you hold the truth labs in a T, you get to free mint that season two on Amazon. Goblins
That's all three-eath of volume the last 24 hours in our down 1%. So I tweeted and I thought their market would soar and I was completely wrong. So the market does not seem to care that the truth lab is launching on Amazon, but this will still be a fun story to track here.
over the next couple of weeks. And we will see if this marketplace does indeed launch here on May 15th. All right, well, I want to keep our conversation going. We've got some meme coins to talk about and read all the news. But before we do that, let's talk through the headlines.
Today's Top Edlines powered by Lucky Trader. Train volume is just over 13,000 eith on Wednesday. Doubt 20% from Tuesday as the blur blend pop seems to wear off NFTs mostly even on the day. Doodles open applications for its community oversight positions called Doodle
Watch available through Friday, a rare D-God's sold for 70 ETH yesterday. That's about 129,000 in one of the most notable NFT sales of the very quiet week. NBA Top Shot drops some new exclusive packs only for its mobile app users yesterday with price points of $2.99 and $19.99. Forgotten Roons,
shared a progress update on the development of their forgotten runiverse yesterday, including its architecture, battle scenes, rewards, and economy design. Jeremy Booth and the Western Art Department team announced their first NFT auction to be held May 9th and May 10th, featuring one of ones from multiple artists held on Foundation Worlds. In some negative news,
former OpenC executive Nate Chastain was found guilty yesterday of NFT fraud and money laundering. I think facing a possible 40 years for what amounts to about $50,000 in gains for him. And then on more positive news, artists Jeremy Coward, as we said at the beginning of the show, set a new record on Tuesday by creating
10,000 unique photo NFTs in a live event in Nashville. And these NFTs will be going on sale next Tuesday. And the Web 3 in crypto space crypto did jump on Wednesday as another bank pack west is seemingly set to fail Bitcoin up 2% at 29,000.
50, eth up 2.2% at 19.05. Pepe leaves the headlines though, rallying 100% overnight to a new all time high of 720 million market cap. Just an absurd jump on the day. I'm seeing us ride around 650 million right now and then turn
it caught your eye in the market estimate? Yeah, I mean I think the Jerome policy that the banking system was sound and resilient and then seeing a bank fail like 10 minutes after the thing was pretty interesting. So just a while time in the in the banking streets over there and then of course the memecoin rally has just been insane and it seemed like there was a lot
yesterday with jugs or with the Wall Street bets coin rugging like some of these people are docs and are making bigger moves of scams than even Nathan. So it's crazy to see that he could be facing like 30 or 40 years or whatever they said it was. But just feel bad for that one. But it feels like he's kind of the sacrificial lamb there. Yeah, I'm with you a few.
a few reactions. I mean, for the nature of a situation, I think anyone who has rugged or inside traded in the NFT or crypto space should not be resting comfortably at this point. You may not have been found yet, but this is all on the blockchain and there's a good chance
that a lot of these folks are going to be found and potentially charged. Did you look at the scale of what Nate did? I mean, really wasn't that big of a deal compared to a lot of much worse actions. I think that we've seen. So we'll see how this, how the sentencing actually goes.
I do want to talk about meme coins here in a second. I think I lost my trans spot on the other one. Isn't it funny that all of that stuff was based off of him trading what was on the OpenC front page? That was such a big deal at the time to make it to the OpenC front page. Now nobody really pays attention to what's going on there.
it's crazy to see how much time has changed.
quickly. I mean, Pac-West is not going to be the last bank to fail. It seems pretty clear that it's going to be kind of, I feel like I'm fairly aligned with Balaji's point that there's the eight too big to fail banks and then every, every other one is basically at risk. So it feels like there's more dominoes to fall. But meme coin buyers don't seem to care.
about the banking crisis. So I'm curious for your Pepe story here. I had to shout out my buddy Adam under par. He officially hit a 100x on his Pepe bag. He held it from, I think like the Sunday after the launch sold a little bit but hold a majority stake all the way through Kudos
to his diamond hands. I'm curious if you're still holding it if you have any plans slash price predictions. Yeah, so I thought point two, ETH worth like I think the Sunday or Monday right before launch or right after launch on Friday and then added I think 1.5 on Monday this week. So and my bag is up to
about 9/Earth right now, which is just insane. I've taken out my initial cost basis there, so I'm kind of free rolling, but I still think this has a lot of room to run. It's funny because it's really hard to be excited about different NFTs or watching the NFT market when the gains in the
These meme coins right now are just so hot. And like the casino, the NFT market is largely casino as well. And stepping into the meme coin casino right now feels like the better play with your money than watching the NFTs continue to bleed. So it's kind of the perfect storm for NFTs of this rallying wall. NFTs continue to bleed a little bit.
it. But it's been a wild ride and Turbo has been fun as well watching the chat GPT created coin and I watched the video of the creator which I thought was really insightful. He's kind of documenting the entire process there. So cool little narrative. Yeah, it's interesting to see what
The artists are really driving the narrative for turbo right now. We saw manifold integrate turbo. We've seen some artists launching open editions, which you can buy using turbo. I think the latest announcement is they're going to launch a generative art project using chat GPT to
provide prompts, potentially even the code. I'm not sure that the intricate details that's also going to be priced in turbo. So we'll see where this continues to go. I agree with your thoughts on the PVP nature of some of the discourse yesterday. I was a little disappointing. I feel like, you know, Pepe Holders.
I don't think you need to be worrying about everyone else right now. Just enjoy your 100X and maybe be happy for everyone else. Yeah, and you have to remember that this little NFT and fighting space, like the exposure for people to get into Pepe is so much broader than just like the 5,000 people trading NFTs. Like this is going into the Wall Street, that's the community.
and the broader memecoin communities and now it's getting kind of more public press and there's just a lot larger of a market for memecoins and there is for NFTs because people don't really have to do any work. They just see these headlines that, oh I turned $50 into a million dollars and you can't really do that anywhere else. And it reminds me of the same talks that people had when the mainstream
want to do the right or they want to do the right click save and then other people are just thinking that it's a scam. So it's a lot easier to convince them to get into meme coins, I think. Yeah, and everyone loves that the gamble and the and the thought of some quick gains. And Pepe just cemented that. Of course, we've seen it down. So I like both Wall Street best coins, I think ended up falling.
perhaps rugged, rugged may not be the appropriate term. But these things can go to zero fast. Emily, I'm curious in your coin circles or is anything, I don't want to say hi. Is anyone talking about the Sui launch? I'm curious if you have any thoughts on on that blockchain. I think there's some NFTs popping up over there as well.
well or just more general thoughts on how this main coin season is going. I haven't heard anything about that. All the focus seems to be on Pepe. There was like a little blip with the Wall Street Betts Wall Street baby, whatever. I think Pepe really is the clear winner here. It's hard to want to buy anything else. Good
point. Yeah, I think that's fair. All right, well, that's enough meme coin talk for today. I want to get us back to NFTs. So I think the other major headline from yesterday and what was the slower day was was out of Jack butcher and Opepins. So he's been kind of slowly rolling out
plans for the evolution of the Opeppin project over the past several weeks, but it feels like things are starting to speed up. He officially launched his first two packs this week and demand has been off the charts. So it's kind of a quick reminder TLDR for anyone who doesn't know how these packs work effectively.
Each pack contains 80 NFTs with one overarching theme of art, but then different specific and unique art on the different pieces. The packs contain additions, additions of 40, of 20, of 10, of 5, of 4, and 1. So there's six different art pieces in each pack, totaling the
There's 200 packs in total for this entire collection going to be rolled out over time. How been it each week? It works. Jack will share a preview of the art and people who hold the Opepon, you know, classic editions can then opt in to enter this raffle. If there's at least 200% interest,
In the pack, meaning at least 160 people subscribe, the packs will go live. Then if you win the raffle, you effectively trade your Opepin edition for one of the NFTs in the pack that you subscribed for. So it looks like Jack's going to roll out two packs at a time.
time, perhaps on a weekly basis, although I don't know if the cadence has been formalized yet. And that just kind of quickly looking at the reactions for his first two packs, pack 001. So his first genesis pack, it's called 8 by 8. So 86 hundred percent soft to the
40 edition and 13,000% sub to the 101. So tremendously over subscribed, his second pack called brought to light saw 1900% sub to that 40 edition and 4,000 to the 101. And then some early market actions been a little tough to parse through. I'll be curious if Ghost has more info on
the pricing and sales that we may have seen. But the Opeppin 4 is 0.21 that brought to light floor for the X of 40 is 0.4 E. If you want to get to an addition of 10, you have to pay up to 1.2. And then the cheapest I saw on that Genesis pack, the 8x8, the
of 40 was holding up for Eve this morning. I haven't seen the sales trail. I haven't had chance to dig in yet. So I don't know how realistic those floors are. I'm guessing they're fairly illiquid. But it seems like the early community reactions have been incredibly positive to this. So I'll tell you what I did. I break
that down in the right way. Did you follow any of the price action, any other general reactions to week one of the pepins here? Yeah, I thought it was awesome. And it's nice to finally see an NFT project that is having some sales that are above floor after reveal and the entire meta of the NFT space seems
be that people like holding things that are unrevealed better because they have a better chance of hitting a rare or something like that. So it's nice to finally see the opposite happen with Opeppins and I think a credit to Jack for the mechanisms in place here. I was really disappointed. I put all I have seven Opeppins and I put them all into the subscribe to the number one drop and
Did not get any of them so they missed that one, but I was honestly tempted to buy one of the edition one releases yesterday when I was seeing them around like one or two yeath and I didn't and I wish I would have pulled the trigger because I think they're around four yeath now obviously kind of a liquid but we have seen some sales I think there was a 2.5 sale a couple three each sale
So very cool to see and I think that both checks and opap and are super long games and it might take a while to see the true floor place price of the entire collection move up significantly, but I think that they will have a place in kind of the lore of the NFT space and I think that Jack has really built something special with these
Yeah, it's hard to argue that this isn't special. I really like what he's doing here. And it's kind of like the opposite of checks where checks can evolve and shrink over time and the opepins are kind of expanding over time. I'm curious. Do you know
the cadence of what she's going to roll these things out because if he's only doing two per week, that means this is going to last 100 weeks. That can't be right. I think it's a long term project. I don't think that he's rolling it out super quickly and then you also have to factor in that probably every drop won't be over subscribed. I think that the first two probably had the most hype in it.
especially number one, but people are going to be able to kind of curate the arc so if they don't like a certain drop date and there's not enough subscription, I think you have to have 200% subscribe for it to go. But just super interesting mechanics, but I think that it's interesting because that will that long time period, I think we'll keep them, keep Opeppin kind of
in the news and in the cycle like it's going to be interesting to watch these drops every week if there's only two a week like it'll become almost like an event see which type of Opep it is dropping. So I think that Jack is doing a good job of kind of grabbing the attention economy there. Yeah, so I see pros and cons. So I do like, I mean, if he's going to run this for a hundred weeks, I mean#
continue to be in the public display and he'll have the attention. So I think that is a plus. I think there has been some confusion about how the dynamics works. But now that I think the now that the first two packs are out there, I think folks are starting to figure out, you know, how this project actually works, how to participate.
I think that the downside is, you know, and we all thought the first few packs would be over subscribed, but why subscribe to the artwork on pack five versus taking the field? And by the field, I mean, all of the future packs. So like, you have no idea what the future art is going to look like.
on pack 10, 20, 30, 40, 50 down the line, there could be collabs with major artists. So like if you're a small pep and holder, I feel like it's kind of hard to fire at these early packs. So I do think we'll start to see some, perhaps not get over subscribed, but given the demand these first two
ahead. It feels like the first five to 10 probably will end up summing out. But Ghost, I'm curious, will you do plan to continue subbing to like the next next week's drops? Are you just going to see the art or kind of what's your plan right now? Yeah, I mean, I'm looking at as
as an art project. So I'm gonna pick the ones that resonate with me. So I didn't love number two as much, so I didn't subscribe any of mine to that. But I did one because I thought that they would be kind of historic and I liked the simplicity there. So I'll be watching to see what the art styles are, and I agree with you that I think that they will have some major artists coming in or have some styles that
that invoke those similar artists in the space as like a tribute or something like that. But there's a lot of a lot of different angles you can go. And honestly, it's amazing just to look at the Opep in shape and structure, like the 8-bit structure, whatever he calls it. But like I see that all over my timeline now of different people creating Opepins out of like Pasta or on a beach or things like
that and like the shape has become almost like a now in glasses to me like where I recognize him. He's done a good job of creating a brand around it. I agree. I do think that this could be one of the bigger winners of this bear market. Now, winners in quotes, it could take months, maybe years for this bet to play
out. Certainly the price action isn't great right now on the floor, but it feels like this could be a movement. So it's definitely one to watch. Shout out to Jack on a very cool project. All right, I think we are out of time here today. Before we go, what's dropping? We've got the Escher exclusives
is circling by jubb is 0.05 e to got flowers, flowers, by 12 30 p.m. But at 4 p.m. That's $125 on the sui
main drop on my radar is FUNNYS. It's from my NFT crypto personality rain rain is a friend of mine. Full disclosure it is dropping on the Sui main that was just opened yesterday. This is going to be one of the first NFT projects dropping on that blockchain. Given the success of the token launch yesterday.
I think we've actually seen some early Sui NFTs. I think one ran from 8 to 450 Sui or something. I think there will be some demand on this project for those who figure out how to get funds over to Sui. But we will see how that one goes. Otherwise, Escher is back for a new edition drop today from WJ at a fairly attractive
So that one will catch some demand as well. All right folks, that is it. That's our show for today. Thanks for tuning in. Thanks to my co-hosts. Everyone enjoy your Thursday. Let's make it a great day. Bye everybody.