GM GM. 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 tunes.
Good morning and welcome to the Lucky Lead. Today is Thursday, March 16th. Today is our 50th
show. It is hard to believe in some ways it feels like we've been doing this for years and others like we're just getting started. We really appreciate everyone who's been along for the ride with us. I definitely see some friendly faces out there. Janice Ray, Hunter, several others, J. Webb. I also
see a few new faces out there. As a reminder for any new listeners, we run this show every weekday Monday to Friday at 10 a.m. Eastern. It's a 30 minute show covering all the major news and crypto, web three and in a tease to show it's meant for those interested in discovering the space, those actively buying and selling in the crypto and in a team
markets in those here just doing research. I'm your host Tyler D. I'm joined by my amazing co host 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 whale and a tea trader and today we've also got
Logan Hitchcock with us, Reppin the Lucky Trader account. He is our editor-in-chief over there. We're looking to get him up on stage here briefly. Ghost, good morning. How are you doing? Are you tracking with all this news over the last few hours? Good morning, man. It's been a busy one. It went from slow to fast real quickly.
Yeah, I feel like I've been scrambling all morning here. I just trying to catch up on all the news that came through. It feels like everyone was waiting for you to launch the summoning and then they're dropping their bombshells and it's been a ton. We're going to try to hit as much of it as we can on the docket. We're going to start with a quick state of the market.
NFTs have been bleeding. We're gonna take a look at a few drivers. We're gonna talk about doodles stunning holders in Discord last night some reactions to the summoning and another mistake Fidelity crypto going public D. God's on Bitcoin and breaking Arbitrum Air Drop news
news. You know, why don't we just get right into it and start with our top story of the day, bleeding NFTs and a state of the market Q1 2023. Certainly the macro backdrop and uncertainty in the banking
system and crypto has seemingly stopped the mini bull run the NFTs experienced in Q1. We saw a slight boom in January. Some new capital was deployed that blur air drop created euphoria on Valentine's Day. It was a $300 million plus liquidity injection and in the blur farming and
past 30 days, punks at 67.5, they're up 6% fedendos at 80.5 up 2%. Those are looking really strong. Next tier, BAYC at 64.5 down 14%, ringers at 42 down 30%, mutants at 14 down 10%, azuki 14.7 down
6% squiggles 11 down 15% moonbirds. All right now we're getting into the mid tier here moonbirds at 4.1 down 37% clone X 3.6 down 26% doodles 3.9 down 27% And then other d's kind of wrapping things up at 1.75 up 10% so
In quick summary, the high-end R and PFP market with punks and fatindas is holding up really strong. The mid-tier R and PFP sectors seem to have gotten hit the hardest down about 15 to 40 percent. The Yuga ecosystem and the EZuki ecosystem seem to be holding up relatively
stronger than the rest. That's my brief summary here. How do we get here? This is my read on some of the drivers that are impacting the current market. I'm following four key factors. One volume is down now as the draw blur farming has
more and more and more traders are moving to the sidelines. We've seen a rotation to safety and punks are emerging once again as the most secure bet in NFTs, Fedinza's in the art sector. Med tier PFPs are seeing the impact of that utility risk that a lot of them have played their cards and there's not that much to look forward to and we've seen some missing
line in synums with holders. Generative art isn't a periodic bear cycle. As there hasn't really been that many interesting drops and now we've also seen AI art take the spotlight as well as the open edition meta and performance art from Jack but you're the other thing I was I was chatting with Sam empty statistics this morning.
He really points to blur and the shit coin is the shit coinization if that's a word shit coinization of NFTs from blur basically turning these into just tokens to trade in and out of and his point is this is eroding the community aspect of PIPs and that's really impacting the
mid-tier sector. So that's a lot. I just spit out a lot. It's a lot to unpack. I want to hear some thoughts from our folks up on stage here. Maybe we'll start with as blurred to blame or any other general thoughts before we dive into each of these. Emily, you've got your hand up. Some thoughts?
Yeah, I mean this is kind of what I've been saying for a long time the current iteration is not where NFTs are going to go in the future and the amount of the amount of trading that happens in NFTs I don't think is
what it takes to build a community long term, the concept of having a liquid collection and also collecting royalties, what little royalties there are even on blur these days is the antithesis of building a long
standing loyal community and without offering anything else for your NFT, you're really just trading shickwins with pictures on it. It's a game of a potato, it's speculating what comes next
you don't want to get caught holding the bag, you have to get out of it as soon as possible. I think another thing that could be causing the dip in prices is the pop of ETH. NFTs tend to follow in that path to
to kind of regulate their prices after a while and the price of youth was stable for a good amount of time. So I think that could be causing the dip on some of these collections. I think a lot of people are also trying to exit youth after this current pump. I've had a lot of people
Tell me that they want to be out by May. So maybe this is part of that liquidation, especially for projects that are announcing things that they want to be a part of for the next few months. Yeah, and you mentioned folks looking to get out of ETH. I wonder if it's the same thing for a lot of these PFTs. What's the point? That's how you get out of it, right?
of course. And even for those who aren't thinking of exonathe, it's like, what is what's the value in being in some of these PFB collections here in the next few months? A lot of them have shared road map items. There's not a ton to look forward to in the near future. And I think that
that's why a lot of folks are on the sidelines. I'm curious for your thoughts on if maybe blur is to blame here or they're just kind of speeding up, making the market more efficient, and then also maybe some thoughts on your end from the mid-tier PSC to maybe what went wrong. Yeah, I think you
the nail on the head there. I think they're not necessarily completely to blame. I think they are certainly speeding up the process. But I think that a lot of these projects that had super high valuations in the bowl have a lot of users who are down bad and even the people that were huge supporters or might have huge bags and have been supporting for the project for a while.
are down very bad and I think we're starting to see the cracks that some of these projects really didn't have a lot going on to begin with and not everyone could have the same execution level as board apes or have that value drivers coming out every couple weeks to keep the community excited excited and so I feel like we're seeing that with a
with doodles and moonbirds and a couple other projects now where it's just like, "Man, what are we really buying into?" And then you see people kind of fleeing to the safety of things that have less execution risk like a fidenza or the art projects that you really know what you're getting and you don't have to wake up and worry that the founder is going to make a terrible comment or there's just going to be nothing driving
price. I think that there is a huge opportunity right now, at least, for a new project to come in and kind of have, take the place of that because there really is a huge gap right now between the top tier projects and then the lower tier. There's really not a mid tier right now outside of like a Pudgy Penguins, I guess, that is a really holding study.
some might point to meme land captains in that section as well. Jay Webb, you've got your hand about, I want to hear your thoughts on this macro and maybe also kind of how you're feeling about how the Yuga ecosystem has held up maybe compared to the rest of the market.
Yeah, I think we're also, you know, great points by Emily and Ghost. I think we're also just seeing an immaturity of a lot of the holders in this space. And I'm going to sound like the old man yelling at clouds here for a second. But I've been in legacy markets for a long, long time before many people here were alive. And like some of the best investments you can
and the best ROI you will see are things that you have to hold for like five, 10, 15 years. And I think we're just seeing a lot of people in this like generation of like short attention span, expect everything right away, and in setting unrealistic expectations that these teams just cannot deliver on. And I think the teams are to blame them.
It's not a any one person is at fault here like blurs part of the problem lack of execution and poor business plans are part of the problem in patients by holders is another part of the problem So I just think that there's a lot going on that is lead to a ship storm and then in the background you do have awful macro could
conditions and it's a recipe for disaster but at the same time, if you can, you know, you mentioned meme land, that's one I've been keeping an eye on. If you can pinpoint a few of these, you know, teams that have the ability to execute and you're willing to just sit on your hands for the next five years, like things could be really great. Like so you need to
- I think that's a great point. I think that the challenge to that is, I speak just personally as a trader and investor in this market, we've been beat over the head with the fact that 99% of NFTs are going to zero over a long-term time horizon, which has proven accurate.
But when you hear that it makes it harder to be a long-term holder in this market and it kind of forces more of a short-term mindset or I guess you know really trying to figure out those long-term plays you have conviction in which has been tough outside of a few primary teams and then maybe some art but I want to get
Emile and ghost thoughts on this go ahead Jeff real quick to counter that I will say and I'm not the greatest trader in the world But I do think a skill in being a trader is knowing when to stay on the sidelines and if that you know if the liquidity was purely driven in by blur and there's not that many new people coming in then it's okay to stop trading for a while It's okay to like sit on your
gains if you have those and wait for the next opportunity. Otherwise, you're not a trader, you're just a gambling addict. That's an incredible point. And the data backs that up, right? Like we haven't seen new wallets. And now we're seeing daily active walls, the ones that are still here at yearly lows. So I think finally folks are realizing
Jay was point maybe it's better just To be on the sidelines as opposed to just getting chopped up or continue to take hits on some of these collections Emily you have more thoughts on this Yeah, I mean the thing about blur and farming for blur points with the air drop is that
I mean, some people just kind of took their profits and quote unquote reinvested them. But even if you did that, you can't escape fees entirely, right? There's still that .5% that goes down and that's going to dwindle what you're able to flip. And I think that, you know, the fact that the things that we're being
three to the most were apes and mutants just meant that a lot of liquidity got focused there and ultimately, you know, the suppliers win, right? Like the validators are the ones that won this time. Blur Marketplace is the one that won this time.
It's hard to see the real liquidity providers in this type of market coming out ahead. We can look directly at Mochis Wall and it is not a position I'd personally like to be in. Then there hasn't been much activity.
from them. So it's just, you know, again, it's hard to believe that what's happening right now in NFTs has anything to do with the future of it. There's so much more you can do with the technology and there's so much cooler things you can do to really make worthwhile relationships that are worth investing in.
as someone who wants to collect this type of NFT. I think there's lots of cool art out there that's still waiting to be collected, but at the same time figuring out what artist is going to be a good long-term store of wealth and having enough wealth to get into any of those
projects in the first place is going to be hard to achieve right now. I don't see many people flipping their way from like one to twenty. It's a tricky thing to do. Yeah, it's very difficult. And this is marketing. It basically forces you to chase those D Gen, you know, pumping down men. It's the only way to do that. But that's
also like the easiest way to just lose your big girl. So I've got one more question, Emily, you kind of touched on this a little bit. This is not what the future of entities look like. So what does that mean for these current projects? You know, we were talking last night, Clown X, Doodles, Moonbirds, these were once considered blue chips. Now they're
and I'm not sure that they will even continue to be mid tier. I feel like they might be relegated. Tray Boomb and one of the better traders that I fall, I think he's one of the sharpest. He tweeted yesterday, most NFT products we once thought of as blue ships will continue to fade into obscurity, common themes across them. Leadership disconnected to the quickly
involvement space in trends, poor execution, teams prioritizing mass adoption way more than their existing holders. So I thought that was an interesting perspective. And I think my question to this group is do we feel like some of these mentors are real risk going to the low cap sector to be around the
cool cats wanted to eat range ghost I'm curious for you thoughts. Well I wanted to just call out I thought Jay would make a great point about the short attention spans from holders and I think it's like really an awful position for projects to be and because we always talk about how some of these projects that are are down bad from highs have kind of nothing that they can deliver that would meet holder expectations and it feels like everyone kind of wants the
a generational wealth drops of like 8 coin or a high value airdrop, but for those majority of projects, like nobody wants to actually hold the bag or believe in the long term of the project. And I think that the tweet that you just mentioned from Tray is also a really good point. Like we've seen a ton of examples of leadership being disconnected.
from their holder base and what people want and the poor execution. You saw it with the Clonex merch yesterday. You see it with like, I feel like Doodles is a perfect example of leadership being disconnected and kind of like being combative with their holder base. So a lot of missteps here and I just don't know how you recover from that.
That's a good point. We've actually gotten to the point where some teams and founders are so fed up, they're kind of attacking some community members in some ways, right? I think we saw that play out a little bit in the Moonbirds when they shifted their focus to the new art nor store or the art nor star, the kind of told holders. If you're not into that, that's fine. This is your time to exit. Well, we saw#
from doodles do that yesterday. So I'm going to read his discord note verbatim. We're trying to go from a startup to a leading media franchise. We are no longer an NFT project. And the more time money resources we invest in following the latest build in public trends that fuel speculation, unless we had to achieve our long term vision, we are not going to spend any resources
He's in those with financial motivations. We never have and never will. If we are going to focus energy on any group of people, it will absolutely be our most loyal collectors. And then there were some to use J. Web's terms, immature holders, kind of baiting poopy and discord later telling them, telling him to buy their entities and he said, for your
and GTFO. So a bit of some stunning messaging there from doodles. It's just the next kind of indication of teams kind of fed up with public sentiment, but at the same time, are we looking at a rebuilding phase for a lot of these communities
is that going to drive price action even lower? Emily, I'm curious for your thoughts and then maybe we'll move on. So like the big irony about people getting upset about projects taking time away to actually invest and create something is like that's what you've been like you but you know the Royal you that's what you're begging for.
For literally years and they're sitting here saying you know chasing your chasing your little You know whack-a-mall game of what's cool to do or what the trend is is not Allowing us to execute on what we set out to do so we're
gonna take a step back and do it and people are upset they're not getting like their daily entertainment dose from the project they spent a lot of money on instead of thinking about something for the long term and like if you've been in crypto a minute you know that it's absolutely a long-term game
and how much price has gone up since people started buying in unless of course you bought the last absolute top, but even still, you can look back over time and see that as crypto adoption increases, the price is slowly increasing, and if a project really does have a way that
actual value to their NFTs, why are people so mad about it? It doesn't make any sense to me, like, you know, just this constant like, "Yeah, I'm gonna come up with an identity for you and, you know, I'm gonna tell you everything you need to be." It's like, "Oh, no, buddy, maybe you should get your own personality and just be happy with the picture you
because it's kind of silly, right? I mean, somehow yoga has managed to maintain that even when they do go quiet for a while and it seems in the past couple of months they've really started a release schedule that both appeases people
and helps build the lore. And I think that is a clever thing to have achieved. But it's also not the type of thing that a project can achieve without tens of millions of dollars in the bank. So it's just kind of, I don't know, I think it shows a lot of the immaturity and lack of
business acumen and real expertise and understanding of how these things get delivered in the NFT space and it just kind of speaks to the average collectors mindset a lot. I'm with you I think there's problems with the collector base and some some misaligned expectations.
There's also some problems at these teams. It's a lot of time back. I think we've covered it in good detail. I want to keep us moving and talk about maybe a bailout that might be coming to save some of us before we get there. Let's read the news. Today's Top Headlines, powered by Lucky Trader.
So I came in at just under 29,000/8 on the day with most NFTs down another 5-10%. You guys the summoning open last night releasing a new heavy metal collection that saw over 4,500 volume in a 2.354 despite a mistake with the companion trait that you could did make right. The rarest hollow types hold a 25%
60 Fidelity's retail crypto product went live now open to the public and commission free trades to millions of their users. The feds emergency loan program could inject up to two trillion of funds into the banking system over the next 12 months per JP Morgan. And then maybe the most exciting news up today, the arbitrum air drop has been confirmed
from March 23rd, we might be getting another stimulus that many of us desperately need. All right. Tons of news there from yesterday. I want to touch on the summoning here. We've got J-Web deep in the UGA ecosystem. Love having him on and want to hear
maybe his thoughts. I gave a quick preview in the top news section. So we have a new collection. It's HB-MTL. I'm going to call it heavy metal. I think it's actually a pretty cool name. There's eight different types of these boxes. It kind of reminds you of the Monolith boxes from Artifact. Eight different types
It was tied to the ranking of your sewer pass. It turned out that the tier of your pass did not ultimately matter. The tier mattered to help you get a potential rank in Dukey Dash, but it did not matter for the summoning. That seemed to upset some holders who didn't quite understand that.
The most elite tier there is the hollow behind the legendary, which is what the Mongols key turned into We've got the hollows and then the reavers celestial and then dynamic and glitch at the bottom J. Wem maybe I want to get your thoughts I think we got to start with this mistake that they made with the companionship
We talked about this a little bit on the show yesterday. You know, does yoga have too many balls in the air? They made a mistake with 12 fold. Now we see another mistake here with the something. It was a fairly major mistake and they made it right. But are you concerned about another mistake here and then maybe your general reactions to how the somebody played out?
Yeah, I think you have to be a little bit concerned. I thought overall, I was pretty disappointed. You know, me personally, I thought we're going to get a little bit cooler storytelling as opposed to like that little minute 15 thing. They they're kind of hyping up to be like this grand event and it just wasn't that. So I thought we're going to get a little bit
more of the story side, which is, you know, that's subjective. But I think objectively it was, you know, the issues with the companion, yes, they made it right. And that's good that they did that. But at the same time, they're too big of a company to be constantly having to like make these mistakes right and put more money
money back into people's pockets. You can't operate a business like that. I know to them it may be a drop in the bucket and it might not seem like a big deal, but long term that shit matters. And then on the tier side of things, the biggest problem on my end is that we saw messages from Spencer, the Chief Gaming Office
are saying that tears would matter in future activations and that turned out to only matter in toad mode. So one activation and it was kind of an activation. So I think that is why people are upset and rightfully so they've improved their communications as far as their frequency of them.
they still need to clean some of this shit up and people are trying to make excuses for them and you know I think Spencer's done a good job so far but you can't have fumbles like that especially with how much money is on the line here like it was no it shouldn't have been speculation what the tears did and when they married in the future especially after one of a sea level member of the
you could team came out and said that tears would matter in the future. I've seen a few folks comment that we all should have understood that it was clearly written in the FAQs. I'm here to tell you it was not clear. I read those FAQs. I've been writing about this ecosystem.
I would on the show yesterday talking about how I was gonna buy the floor because I thought I had misunderstood how the unranked versus void passes even worked. Hopefully no one followed that advice. I did set the record straight afterwards, but I think it just goes to show how confusing, especially this duchy dash and
Yeah, I mean, I think, you know, trying to say that it's clear is a funny way to put it because I don't know a single person that doesn't, who's a you-golder that doesn't sit in spaces for hours trying to make sure that they understand all of the intricacies
and the ins and outs and it's getting, it's quickly getting more complicated. It's taking a lot of time for people to dissect it and figure out what's going on. And I think that there is, there's a, there's a happy point that you can reach, but I think that there's also a point where the complexity is just too much.
to get the participation required for maximum reward from a collection and that is not the place you want to be in. I think 10KTS absolutely struggles with that tremendously where it's just too complicated for someone who even has like a full-time job or a couple of
commitments is going to have too much difficulty participating and that will ultimately devalue the collection. I'm not sure how they can really master that distillation process, but there's a lot that's been happening lately.
I couldn't even figure out, I finally this morning it hit me that it's heavy metal, but I just, you know, trying to understand what's going on especially if you happen to overlap with other projects drop stuff that's going on and if the branding gets a little out of sync and I think that has happened here, the branding is out of sync.
So how many projects have dropped crates before? They're entering a really sticky situation and it's hard to get out of. I'm not sure if that's going to affect floor prize at all, but I would find it really frustrating if I was a holder. I totally agree. I think that the bull case here is the belief in
UGA, but we talked about this bleeding mid-tier PFP ecosystem. Right now, if you want to exit clone X, Moonbirds or doodles, there's not a whole lot to rotate to. If you're looking to move down, but here are the heavy metal passes that are cheaper than those
I could definitely see some rotation as folks get tired of those other ecosystems. So I think that's something I'm watching Ghost I want to get your thoughts Maybe you're saying we talked about you maybe being a buyer before we do that J web I'm gonna go to you Yeah, one final thing my for a while I haven't been too concerned about
how Duky Dash plays in the other side. Like Duky Dash in this whole storyline was clearly like board ape focused. My concern now comes into can they take the complexity of something like this? Because I've been of the belief for a while that other side is going to onboard a lot of people. But if they make it so complex to understand
stand the basics of other side and everything that's going on there that it's going to flop in my opinion. Like I want them to kind of look, you know, we joke about learning, but I want them to learn from this and make sure that like entry to other side and I'm boring to other side is not nearly as complex as what we're seeing right now. Such a great point and that's the next big test, right?
We've seen a mistake in 12 poll. We've seen a mistake in the summoning now. And in two weeks, less than two weeks, we've got the other side second trip and the stakes are again, going to be super high. I think that's great advice to make it as simple as possible. Go, I want your thoughts. Yesterday, we were talking about you.
buying a sewer pass to get in. Have your thoughts changed? Are you now going to be on the sidelines for a bit? What are you thinking quickly? Well, I'm honestly pretty happy that I didn't get in before reveal because I think there was a lot of confusion over what was going on. And I mean, that goes back to the communication issues we've kind of talked about earlier. And I think that everyone on the panel here kind of had great
points about that. I did appreciate that board apes always seemed to have a quick and good response to mistakes. So like putting money back in people's pockets was the optimal solution there and there was a lot of people that got these crates that made a lot of money. Like we saw a tingling I think post that like he had basically another cute
Before that, I wasn't as concerned that they were juggling too many balls in the air, but there certainly seems to be some cracks in the armor here. These just seem like J-webset. These are kind of unacceptable with how much money is on the line right now. Well, it's going to be an interesting one to watch. Emily, last thoughts on this, and then we're going to go to our headlines.
Yeah, it's getting late. I think for a company that's really vying to make a hit game and a really great university make this happen. They could continue to gamify it to teach people about what's going on. That would be a
really impressive way to display their skills, right? Like if you can make the learning environments sticky and engaging and rewarding, then it makes a lot of sense. But to create this kind of complexity around what you're building and to have it as
you know, fractioned into like text on a website and announcements and discord and tweets and you know just kind of all over the go and then you have to like make sure you you know the the traits on your assets right just like all the all the different ways that they can put information out there I think it just
make it kind of tricky and if you think about when you start a game right if you pick up the controller for a game you don't have to read an essay and go check the forums and every check on the tweets of the CEO to figure out
How to win the game you just start playing it and it teaches you as you go so what you know That's the type of thing that I would like to see for them to help people really understand what's going on and I think that would make a lot more sense in the end, but you know, I know Yeah, let's make things a little bit easier
on as you go. Hopefully they take this advice and some of these mistakes to heart here ahead of the second trip. We've got a few more headlines we need to hit. So, ghost, take it away. Take us to the top NFT market headlines from yesterday. Let's do it. Here are some of the top market headlines from Wednesday powered by a lucky trader. The size on was a
big winner among a lot of red in the NFT market industry and keeps grinding up 78% to a .24 e-floor. The project describes itself as a 7573 token gated universe and is currently moving into a third stage of a four-part reveal process. Mochaverse rolled out their MochaMap as a visual representation of
completely just an hour later and is now back down to a .47 solar. D-gods will be launching on Bitcoin Friday with a public mint for 500 D-gods that were burned earlier in the project. The mint price is a pretty whopping .444 Bitcoin there. 34 additional D-gods will be
auction today after the mint and the project's native dust token with the proceeds going to the dust Dow and the original Frank which is a Frank DeGods first PFP and the first DeGod ever to be burned is currently being auctioned with a current bid of 33,333 dust which is around $60,000 right now.
Epic Games is executive Steve Allison recently told Axios that the brand has five crypto games in the marketplace and there are currently plans for 20 more although none will be developed or published by Epic itself. So an interesting move into crypto gaming there. Finally yesterday was a bit of a rough day for art with the art blocks curated mint.
Opep and retrace was tough. We got this thread from Jack. I felt like everyone was waiting for it. We saw a surge briefly in the Opep and then immediately came crashing back down. It's hard to see what the catalyst for the Jack Booker Booker ecosystem is here in the near term. And then I think what I'm also watching is that proof
archive of feelings drop. That's a 0.1 each minute. So it is over-met, but if you're looking now at the primary point of proof in Moonbirds being the access to these art drops, if you're in it for the financial gain, well, the financial gain is not looking that strong. This was a big first test. So you
get to meant for 0.1, you get about 0.08 ETH profit right now as it sits. That might not be enough to hold a $4 ETH $6,000 asset in a moonbird right now in this bear market. So I think I'm going to be watching that very closely. But folks, we are way over time. So thanks for sticking
with us. Quickly what's dropping today we've got just a couple on the radar we've got the fellowship patron pass coming at 1 p.m. Eastern and then the MC by B. U. A. coming at 1 p.m. Eastern as well. Very slow date and the fellowship patron pass is likely the most
It's acting as sort of a knit pass for that upcoming fellowship AI series of collection drops. It's going to be a touch auction I think the mint prices around 0.2 E's that's going to be one to watch otherwise expect a lot more volume on heavy metal today, especially if we get any more details
regarding the next phase. What's going on there with that set. That is it. That's our show, but today we'll be back tomorrow at 10 a.m. Eastern. Thanks to our listeners for tuning in. Next to my go-ho, thanks to J. Weft for popping up. Everyone enjoy your Thursday. Let's make it a great day.