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Welcome to the lucky lead today is Wednesday May 10th. We got some nice news this morning folks. We've got that the US CPI print came in below estimates. The coins saw bounce. The mean coins are rallying a bit as well. We actually got some good
NFT news yesterday as well. I didn't know that was still possible in this market. So I'm excited to break that all down with you here on the show. I see some friendly faces out there. Alex, Helu, Tyler, thanks for joining us. As a reminder for any new listeners out there, we do
the 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 3 and in a tease. The show was meant for those interested in discovering the space. Those act of a buying and selling in the crypto and in a team markets and those here just doing research. I'm your host Tyler
D I'm joined by a full house of amazing co-hosts here this morning. We've got Emily loves crypto a web 3 security expert and co-founder of the full proof app. We've got Logan his cock editor and chief over at Lucky Trader. We're going to get him up on stage here shortly. Then we've got ghost content star over
lucky trader quite well. meme coin sum enthusiast still rocking that knock amigo and then today we've also got CT. She's a writer and producer for Web 3 companies also our resident Bitcoin NFT whisperer and it has been a big week for those Bitcoin NFTs CT. Good morning. How are you doing?
good morning doing well. Yeah, I'd love to see the ordinal's back on the news, but we'll see how long it lasts this day. Yeah, well, we'll talk about litter in the show for sure. It's been now that Michael sailor is involved. It feels like the stakes might be a little higher.
We've also got Jason Rowsland on with us today as well. We will be doing our quick weekly draft Kings Rainmakers update later on in the show. So what's on the docket? Today we're going to be talking Pudgy Penguins. They just raised $9 million. The only forced product has a bit
update. We're going to break that down. Again, Michael Sailor, apparently bullish on Bitcoin and FTs. President Biden hates crypto, it seems. And then we'll end the show with Jason Rowson's preview of the Byron Nelson tournament. Before we jump in, ghost, any housekeeping items?
Yeah, as always, if you enjoy these shows, Tyler does a great recap of the NFT market every morning in the morning-minute newsletter. So I'm sure he was thrilled to post about Pudgy's this morning as he's rocking the Pudgy over there. So check that out if you want to stay up today on the space. And that's my only update for this. Thank you for saying that.
try very hard not to overly write about the Pudgy Penguins since I'm rocking the PFP and I've owned some of the assets. So it was very exciting for me today to really dive in and tell the story. So let's get into it. Our top story for today, the Pudgy Penguins, big race. And this NFT
market has been about as bearish as it's ever been right now. Perhaps dating back to spring 21, but that did not stop the powerhouse Pudgy Pigman's team and their fearless leader, Luke and Nex, from completing a pretty astounding fundraiser. Yesterday, the team formally announced a $9 million raise
at an undisclosed and unofficial valuation and they said in the AMA there is there is no official tag to the the value based on how the safe round worked but the rumors are that it was around 50 million to give you a ballpark of of the numbers we're talking here the round was led by 1kx and other
There are really big names like later zero labs, Kucoin and CoinGecko. It seems like those 12 investors included in the round were handpicked by Luca after taking hundreds of calls. So some quick history for those who may not know the Pudgy Pingwin's background. Luca acquired the Pudgy Pingwin's product and its IP.
just over a year ago, I want to say it was last March for about $750,000. At that time, the team had no money in the bank. They had to hustle. Their initial focus was kind of on growing trust within the community first and then expanding into the broader NFT space and then starting to launch a campaign to go
mainstream with their gifts, with their Instagram and now with toys. And that approach has seemingly worked. You know, looking at the Pudgy Pingwan's floor price, it's rallied over 4x from the bottom, holding out a 4.5 East floor this morning. Their secondary collections, the little Pudgies, the Rogs, have also rallied over 10x.
since Luca acquired the project. So now that we've kind of told the history, what's going to happen next after this race? So Luca and the team did a Twitter space yesterday afternoon, where they provided their thoughts and then effectively hosted an AMA. And I do
encourage anyone who's interested in this product to go listen to that space is because it was pretty enlightening. But I also wrote down a few of my key takeaways from listening. So a few areas that I captured. So regarding their future, they want to push the boundaries of IP and Web 3, become a pioneer in digital collectibles, and then make the blockchain more of a
back in item as opposed to a front focus like it is now. On the hiring front creative is going to be a key area of focus for growth with them along with the tech side and Luca is excited to spend money on marketing. In area that he says his team specializes in and going viral is something he mentions specifically.
on the raise amount they said they didn't want to raise too much they didn't want to become too comfortable he likes how they've been kind of a scrappy team he likes that underground that underdog story and he doesn't want to inflate the team too big on the holders and protecting holders he said explicitly in several times if the
The NFTs lose, IE the holders and the company will never win. Driving value back to the NFTs will always be top of mind. On what Luca is looking forward to, he's looking forward to getting to the trenches with the community, again, getting back to that week one mode. He also talked about launching a masterclass on viral marketing here coming soon.
And then last, a few key products they mentioned that are dropping in the next 60 days, two tech products, one, spearheading the standard for tying NFTs to physical products, and then two, project overpass, which will aim to solve the problem of monetizing NFTs at scale via licensing. All right.
So that's my quick rundown of this story. Might take aways from that Twitter space. Now I want to open it up to some of our speakers up on stage. Any reactions to this raise? Maybe, Julie, how are you feeling about the budgies right now? CT, what's on your mind?
I think it's really, really amazing that they raised that in this market. That is absolutely no joke. I don't have anything pudgy right now. I always go back to, and everyone went Emily once with a space and was talking about how hard it is to scale a toy company, but it sounds like they're going beyond that.
Ultimately trying to maybe make some great some things that will help other projects succeed as well, which is also good to see. Did you guys see that like V friends bedding in toy thing like Gary V is going to like sell bedding machines to retailers to like put rubber toys
I don't know, there's something just toy thing that I just don't understand, but yeah, I mean, good for look up for sure. No, it seems that Gary V is going a fairly similar route, at least on the toy front launching these, Logan might know the names of these things. It's like the friend machines or something.
which are effectively bending machines with their toys as a method of spreading their IP. So, so, so, so, not alone. And I think you see, you mentioned a good point. I mean, definitely feels like the vision of this team is much bigger, you know, than just growing the, the Pudgey penguin brand. Like they're focused on launching some, some real tech here.
that they're going to pile it with Pudgy Penguins and then the intention is to be able to roll it out to other projects which I think is an awesome vision. Ghosts does. One quick thing, sorry before it goes one quick thing to my bad. I also thought it was interesting that they are kind of stepping away from blockchain a little bit. I don't love to see that because
I think like I know a lot of us are in this for money, but I think a lot of us also think it's really cool what the blockchain can unlock. So I hope they don't fully shun the blockchain, but it goes back to this whole conversation around scaling gaming and web3 is the blockchain necessary for these? It's like a question that we should always ask.
say that, you know, I don't get the sense that I'm necessarily trying to go away from the blockchain entirely. What I heard is that they don't want it to be a hurdle and that they don't want users to know that they're interacting with the blockchain as
much is just interacting with a digital good. So I mean, I understand the point you're making, but I also like if we think about how mainstream is going to adopt digital assets, you know, I think that that case makes sense where they're not going to really know that they are interacting with this tech, but Emily, you know, you're deep in this. I'd love to get your thoughts.
I think like I have a similar question as to CT where it's still like why blockchain? What is the benefit of having it as an NFT at all? And is there any play there that doesn't make it another
or just your security while maintaining the value of the NFT or is it just about building out this brand that's bought which is like good for him, good on himself, but I'm not sure that there is the level of comprehension amongst
holders that they will not directly benefit unless people decide to come in and collect NFTs too. Yeah, I mean, that's always the question. And I think it's going to be hard for us to answer that question here for the next months and years until we get to more of a mainstream adoption.
Because we just don't know. We don't know what having your IP in toy stores within games, free games that are adopted by a lot more people means for these assets. So it's just something we're gonna have to wait and see, I think. Ghost, I'd love to get your thoughts on this as well. I'm sorry for skipping it.
No problem. I just think this is all super impressive and to see that Luca acquired this for 750,000 and took that swing and now to see this raise in the depths of like the bear market and the worst macro conditions you can possibly imagine is just super impressive and I've talked about it with meme land before about how that community
I don't even realize it's an NFT and kind of using that as an IP first type brand is really interesting. And I just thought it was super impressive to see this raise and definitely made me more bullish and Lucas just done a great job with it. Yeah, I'm definitely right there with you. We've got Sam Antise.
statistics with us here this morning love love to have you Sam I'm curious any reactions on your end to the the Pudgy raise or maybe where this puts them in the rankings right now of the PFP collections. I was just I was just stocking corporate trash and then you went by me on stage.
Well, you know she's here. She needs we need more You know banter with her and I feel like you are the best for that. So we got to hear from you. No, she's the best man. Um, I don't know. I mean my thoughts basically
Yeah, I, first of all, like, I think we've just seen enough companies raise. I feel like my timeline is very kind of bipolar when it comes to venture capital, you know, and like a lot of people, I think, have acknowledged that it hasn't necessarily been this great achievement.
like been this great boon for projects, you know, so but then whenever someone new announces and I think that that's what normally happens like three to six months after the fact and then when someone announces it sometimes you get these rallies. So, you know, I feel like there's like a very mixed kind of opinion with Pudgy Penguins
in particular, I honestly, and I kind of want to get Luke on my podcast because I just don't get it really. And what I don't get is that, you know, they talk, he says, we don't need royalties. This is all about IP and holders getting access to IP royalties, right? And that's like the big perk of being a
a Pudgy Penguin holder, but if holders of the NFTs get their revenue, then what do shareholders get? What's that breakdown in cash flows between what ultimately goes to NFT holders and what goes to the shareholders who now just put $9 million into this project?
That's the conflict I'm always confused about. But with other projects like doodles, they don't pretend that the doodles holders are ever going to get cash flows. They're like, you're long, you're part of this brand. This is the ultimate collectible. That's that. Whereas with Pudgy's, they say, no, the perk of being a Pudgy holder is
is cashflow. So I'm just a little confused. No, I think you're spot on and you raise a great point. Hopefully we get the answers in the next 60 days. I mean, they mentioned that on the spaces yesterday afternoon, project overpass again, the goal of that project is
to solve the problem of monetizing NFTs at scale via licensing. If I was to answer for Luca, I could see it being a bit of this flywheel effect where you're trying to empower holders of the NFTs to play a role in helping
into do marketing and branding for you. Of course, we'll see how effective that goal actually is, but I could see that being perhaps an idea behind this. Logan, you raised your hand. I'd love to get your thoughts on this as someone who's covered the ping-pong for quite some time.
Yeah, I just wanted to share actually a few things. I'm glad Sam just brought up the doodles comparison. I was looking as you're talking about the $50 million dollar raise or sorry $50 million valuation or something in that realm right $9 million raise. I was looking back at the doodles raise for
September of last year, $54 million at a $704 million valuation. And thanks to our analytics chart, so I was able to see that exact spike that came as the announcement for rent from like 7, 2 to 8, 8, 2, 5 in that little range. So sorry, just some anecdotes there. As for the
actual Pudgy stuff. I don't necessarily understand either where and when this money comes into play how it's effectively utilized to continue to build and push the IP. I feel like they've done a really great job organically of doing that. And while GIF impression
and things like that are certainly impressive. I don't think there's still any real evidence that this is being adopted elsewhere. I think that's the biggest struggle for me is what even what could they do to make it a successful adoption beyond just
the small wall of Web 3. And that I still just I don't necessarily see for any project, let alone Pudgey's. If you saw Pudgey Pudgey Penguin toy collectibles on the shelves at your local target, would you consider that a win and being able to reach the masses or like what's the bar?
I don't know. I honestly don't know. Just because I think about all the products that get put there anyway. So I mean like yes, it's probably a win for Web 3. Does it mean it's a win for Pudgy Penguins overall? It actually probably comes down to the literal sales volume stuff that I doubt we would ever get to see anyway. Like VFriends for
example, which was brought up previously as well. I mean, they've had plush toys in Macy's for a while at this point, right? Is that a win for V friends? Because they got there? Maybe, but like, have they actually even purchased? I don't know. And if they have been, has it mattered at all? Probably not.
That's a good point. And certainly a lot of questions, but hopefully the Pudgy Penguin community can feel good. At least the team has some runway to operate with now. And we'll see what they can do with these funds. Certainly the pressure is on and the stakes are higher than they have been.
Well, I want to move forward and get into a round table on a few different topics, but before we do that, let's read the news. Today's Top Headlines, powered by Lucky Trader. Trading volume is at just over 14,000 ethos on Tuesday, though mostly the NFT's fell and we're read again on the day.
T-Z, a goat related airdrop coming soon for holders of his in a T-Z going further to tell holders that only non custodial wallets will qualify. So pull those off Nifty Gateway if you want the airdrop. The One Force team released One Force Worldwide with three community features including a franchise component, a business development ambassador
component and some clubs. Gabriel Layton from Limit Break introduced a new creator focused token standard called ERC 721-C as a solution for enforceable and programmable royalties with dozens of applications and going to be big for the gaming sector. Blair added mobile bidding on Tuesday while open
Pro is now officially accepting the Pepe meme coin as a payment option for NFTs on its platform. As we alluded to, V friends announced V friends vending as a way to drive IP expansion and be a collectible toys and vending machines. The NFT inspect team shared that polygon NFTs will now be integrated
within their platform of social rankings. And then, Alpha Centauri Kids, Broken Keys, there's about three hours left, maybe a little bit less, on some of these early auctions, the high bed this morning at 15EATH the low bed around two EATH when I last checked. And crypto news, crypto chopped on Tuesday, but
raised a bit this morning after we got the CPI news that came in under estimates Bitcoin around 28,000 ETH at 1880. Pepe fell 3% on the day to 800 million market cap even as Jim and I confirmed the token would go live soon on their platform. And then we saw Binance,
The best ordinals on their marketplace, some ordinals pumped on that news. We had Michael Saylor sharing his thoughts on the ordinals and NFT craze, sharing that Bitcoin crossed this chasm from what was a barric scenario to a bullish scenario in the future. Many applications will exist on Bitcoin. And then we saw President Biden tweet out some wrong
I'll call anti-cryptopropaganda stating that Republicans would rather create tax loopholes for wealthy crypto investors than spend money on food safety inspections as the politicization of crypto deepens. So quite a lot to unpack their ghost, any reactions to any of those headlines that caught your eye.
Yeah, I thought the Gabe Bladen contract was pretty interesting. And I saw some people talking about how like, mentor royalties or kind of splitting the royalties amongst people that have already sold, but kind of incentivizes the community to continue being an advocate even after they sell because they'll continue to
receive royalties forever, which I thought was an interesting concept. So it's cool to see Gabe continue to kind of push things forward and I know he's kind of become a punchline for a lot of people with his Twitter handle and how he's done things but cool to see that. And then I also wanted to hear from
from CT and T her up on the Ordinals mania and she must be exhausted from inscribing every single word in the English language onto the chain in the last couple weeks. - Please CT, give us your thoughts on the Ordinals Bitcoin and T's and Michael Sailor.
I mean, yeah, I tweeted that these men are out here in describing JSON files, instead of going to therapy. So that was plenty of that going around. I barely understand the BRC 20 stuff, but Michael Taylor is there and I think, you know, we saw a few increases in, you know, Bitcoin and it's
but nothing too wild. Just some sales we haven't seen a little while, but I'm still gonna be wearing my Ordnance hat at Vicon, so that'll be me. You see someone with an Ordnance hat, you know, hoping to have my ghost Taylor keep pumping my bags, but you know, we'll see.
I don't have many ordinal bags anymore though. I feel like I have them on wallets. I don't even know what the seed phrase is. Like I got them so early that I like need to like figure out like how to get them off of them. So they might be worth. I might have generational wealth. I just don't know it. I don't know what to do. Yeah, for those who don't know CT's Bitcoin and T story#
before there was like any infrastructure whatsoever back in the spreadsheet days we might still be in the spreadsheet days I don't know that we're totally beyond that yeah the the spreadsheet days were like two months ago what you're talking about like it was like 1995 or something but I think CT needs to photoshop
some laser eyes on her squiggle there. Oh yeah, she definitely needs the laser eyes with her ordinal hat here ahead of the con so we know how to find her. Emily, I'd love to get your reactions. Hopefully on the, you know, say they're wanting to put his his will on on Bitcoin, but any any other reactions from you would be great too.
Yeah, like I guess you could do that. I don't know why you would though if you ever been to probate court they don't even care if the will itself is like legal. I don't know. It's a wild, wild experience in general. I guess what
But I was raising my hand about what was more on Gabe Layden realizing that his first version of protecting NFT royalties was stupid and looped back and came up with another one, which I think is funny and yet continues to be
somewhat misguided, like I feel that there is like that protecting royalties is the best interest of the project and it's not in the best interest of the holders necessarily. I'm curious about the logic or like
the explanation behind it. Like it seems as if to explain that to a holder you have to say, well, this builds up the centralized system and that's good for the holders because that allows us to create more value for you as opposed to
reinforcing the decentralization. I don't know, it just feels like so many NFT projects are not in it for any element of decentralization. They're in it for the cash. And I'd love to hear what
says in regards to that. It's a good point. It's definitely an error that I need to dive in more into to get a full comprehension. I think you're mentioning the enforceable royalties. To me, the update here that's much more interesting is more on the programmable royalties side and some of the use cases where
users who create an entity or forge an entity in a game, so to speak, had the chance to re-proyltes on that in-game asset in the future. So I think there are some use cases for this token standard that are very interesting and can push the space forward. I
certainly needed to spend a little time unpacking them. But I don't disagree with you on the royalties taken. It definitely seems like he is very much so in the camp of pro royalties. He's got to be enforced at any cost. And certainly we've seen a lot of others on the other side of that discussion. Logan, I'd love to get some additional thoughts from you here.
Yeah, man, I don't have too much to add regarding the Bitcoin stuff. Unfortunately, I was raising my hand to chime in about another roundtable topic if that's okay.
Okay, awesome. Well, one of the perks of reporting on all of the NFT news is that I see some of these smaller things that many people aren't really talking about on their timelines. And the on-one force thing, which I brought to your attention yesterday, Tyler, is super intriguing to me. Of course, we know they new ownership right in the beginning.
ambassador and then act kind of on the behalf of the on one force brand to be able to bring in deals you know with IP expansion things like that and then you can actually like earn yourself deal flow as as a part of that and the team will help support you if you're you know and improved in KYC
participants, which is really, really cool. We talk about a lot of these projects that are encouraging this, that are leaning into their communities and are providing resources, just like Pudgy Penguins with their brand guide, "Okay, Bears, did it a long, long time ago, as well on Solana." There's lots of projects doing this. None perhaps is quite
is formally is on one force. It's interesting to me. I don't own a non-one force, but the potential in anime, I just looked up business wire, global anime market size expected to reach 56.39 billion by 2030, which is a double or triple from where it is right
now. It's intriguing enough to potentially buy in on one force. If you really want to the grind, buy in on one force and try to expand the IP. It's already known pretty well via the memes. Thanks to Logan Paul. Here we go. We've got Logan at our editor-in-chief. He's ready to start being a business
business dev ambassador here for only force. I'm with you. I also really liked that they did this. I'm going to say in a Web 3 way. So for this ambassador program, they're going to assign official and unique PFPs called like these Ronan PFPs
four folks who are in these ambassador roles. They're kind of a combination of P.F.E.s and Soulbound tokens so they cannot be bought or sold and the team can recall them at any time. So I thought that was an interesting rink will hear. Emily, I'd like to get your thoughts and then we'll go to CT.
Yeah, the technology is interesting to me for a lot of reasons. But what I find super interesting about what ONLY ONE FORCE is doing, or ONLY ONE FORCE is pretty rare, the fuck you say, I don't know. What they're doing is, I don't know, what is this, an internship?
It looks like they're like marking you as a free worker to like do work on their... I don't know. It's just so weird to me. Like, if you want to give people jobs that special or you want to like give your employees an NFT, then like do that.
But like trying to get your community to be doing the work that should be paid is also like a weird meta to me and I don't really understand how the community is going to buy into that. Like I get being
passionate about, you know, oh, this is like a brand that I hold up part of and like I want them to succeed because like I think it's cool and I like the proliferation of cool stuff but like trying to get people and it's just what it sounds like. Maybe it's just like a misunderstanding but like this work for free or you know like I like the
The number one value that I've seen in NFTs for large brands is that you turn marketing from an expense to a profit channel, but to take it one step further and turn people having to pay you for their employment. Instead of you having to pay them, I feel like is really pushing it.
right? 'Cause like they're offering up these PIPs. So in theory, it could potentially be someone who's not in the, not a holder. I don't know. We'll have to go through the fine print. I definitely understand your point here. It is some interesting tech for sure. CTI'd love to get your additional thoughts and then we're gonna move on.
I think it's just because I woke up on the right side of the bed today or something, but I kind of just, I'm like, you know what? Like I understand where I'm going from, but like, at least they're trying to, I don't know, at least they're trying to do something. I feel like right now it's just such a weird time. And yeah, this may not work out, right?
their holders, but I feel like their community is kind of fierce. Like they're definitely really into holding it on one force or only force, Harvey Prounsett. And so I guess that's what I'm taking today is like honestly just like good for them for setting up this program and trying something new and like
We'll see how the community reacts. If you really wanted to buy into it to hustle, I feel like that might not work out great. But you could. I feel like you could also just maybe create your own thing or buy something, or I don't know. I just feel like buying into it just to do
for the IP thing is new, but if you're already in the community, I think it's cool. Yeah. Well, appreciate your more bullish take after being kind of our community bear there for a few weeks. See, so I'm excited for I was mostly excited. This new only force team is coming in and doing things.
there, at least trying to innovate. So we'll see how this program kind of evolves. Maybe we'll learn a little bit more about some of the fine print. Now, before we close, I want to make sure we get Jason Roslin up here and have enough time for just a quick preview of what's coming this week at the Byron Nelson. So Jason, if you're still with us, take it away.
Yeah, Tyler. Thanks a lot. It's it's cool to see the NFT in the crypto world merge over into the fantasy sports area where I am in this week for draft Kings Rainmakers We've got the PGA kind of taking the helm for a couple of more months until NFL comes back and we've got a kind of a weak tournament. I'll call it
It's out in Texas as a week before what we call a major championship, but still on the Rainmaker site $275,000 in total to the prize pool this week. And the field, if you're playing this week, you've got to play Scotty Shephard. He's a Dallas native where the tournament is this week and just one of the better players in the world and one of the only
one's in this tournament here this week. He's probably the obvious name and then I've got a guy that he lives at the course and has won this tournament back to back years. Pretty cool story. KH Lee is the guy's name. Also sits in a very unique place in terms of the overall standings for the PGA Tour called the FedEx standings.
which if you tune into my show later today at 5 o'clock, the Rainmaker Support, I'll explain why the utility on him is expected to be really high the rest of the season. And lastly, you don't really hear many athletes talk about taking a mental break, but we've got a guy coming back, he took about a month off due to mental things going
on his name is Aaron Wise. This guy has a ton of potential. But again, when your mind is not right, it's hard to do anything. So I'll be interested to see how he comes back. This is his first tournament back. And like I said, about a month, definitely some some players to watch there. Appreciate the tips we've got Scotty in his hometown in KH Lee back to back return.
winners. Jason for those who may have missed it. You're launching a full space is later today, right? What time is that? Yep, it's at five o'clock on every Wednesdays, at least during the PGA season. And when we switch over to NFL, that might go to Thursdays. But nonetheless, five o'clock, you can come tune in. I give you all the news from the
week from all three sports that the Jack Kings Rainmaker covers UFC NFL and PGA and then give you a bit of a more full breakdown than what I just awesome. Folks, if you're into golf, if you're into draft Kings Rainmaker's, make sure to tune in for that. All right. Well, we are out of time here today. But before we go, what's dropping? We've got the memes by 6529 at 11.
We've got a oras by German coward that was rescheduled from yesterday to do some technical difficulties. That's back today at 11 a.m. Eastern. We've got the broken keys by office and Tory kid. Those auctions are going to start ending here at 1 p.m. Eastern. Expect a flurry of bidding in those final minutes and hours. And then
to Camp Pai Pandas, they've got an air drop in the Karate Combat App launch, happening later today as well. Certainly the big events on my radar today is the outcome of these broken keys auctions from ACK. I'm already hearing some chatter that the owners, the collectors from
from this collection are going to form a Sam Spratt schools like group. So that's the rumor that's already out there. So expect the start of a potential cult following and cult group race, okay, coming out of this collection. But all right, folks, that is it. That's our show for today. We'll be back tomorrow at 10 a.m. Eastern. Thanks to our listeners. Thanks to
NFT Sussex Sam for coming on. Thanks for Jason, CT, everyone. Enjoy your Wednesday. Let's make it a great day. Bye everybody.