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Good morning and welcome to the Lucky
lead. Today is March 30th. It's opening day for baseball in the US. Always a fun day. Spring is here. We're feeling good. The bears are getting just so, so tired. I can't wait to break down all the news out there with you all today.
I see some friendly faces out there Alex Bill Drew or Agma Xie. Thanks for joining us as a reminder for any new listeners joining. We run 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 three and
Ghost content star over at Lucky Trader, deep in the So Rare Streets, quietly a whale in a tea trader. And today we've also got Logan Hitchcock, either in chief over at Lucky Trader. He is rocking the LT account with us here today. Logan GM, how you doing?
Hey, good morning. I'm doing well. Trying to fight off a little bit of the sounds like something you're dealing with as well, some of the voice badness. Well, thank you for bringing that to all of our attention. I'll try to work on the voice. We got a big show today on the docket. We're going to start with real estate investing via NFTs. We're going to hit
the Yuga Heavy Metal Reveal. We're going to talk the new Beeple piece, Proofs New Collection, our block's new marketplace, Frank's Buying Spree, Jack Butcher and AI. There's a lot to cover before we dive in. Ghost, if you want to hit us with the listener question. Yeah, we're talking real estate on the blockchain today.
So our question for you, are you more likely to invest in real estate with NFTs? So we will post that in the chat and as always, Tyler does a great recap every morning in his morning minute newsletter. So we'll pin that to the top of the spaces as well. Give that a subscribe if you haven't already. Ghost, thank you for that and I'm curious what some of our listeners were thinking here.
Let's dive right in our top story by an NFT on a fraction of a house real estate investing is coming to defy an at ease home base has sold its first tokenized property on Tuesday a single family home in Macaulan Texas they raised about $250,000 in the process
The kicker they did it via fractional shares with NFTs and it was on the salon on the salon of blockchain and it cost just a hundred dollars each This is not the first time we've seen a home sell on the blockchain, but this is the first time We have seen it via fractional NFTs. So so what happened here?
some of the headlines around this if you read into it a bit were a bit deceiving on exactly how this played out but the story is still very interesting so home base or with the owner of the McCallum homes tokenize the property the owner held back 80% and then 20% of the equity was up for sale via the entities and then they sold out that
20% it was actually 19% as home base kept 1% interest back across a two week period So here are some of the key numbers from the transaction the home price 235k total raised by home base 246,800 dollars the total raised by the NFT sale
was about $45,000, 38 investors, 30 of which were not accredited. So just eight accredited investors bought in here. The average investment was around $1200 or 12 entities. The minimum buy-in was $500. Again, the NFT holder equity was
right at 19%. So a few important takeaways that I saw from this, the entire property was not sold to the NFT holders, just a 20% stake. So that's an important clarification. Home base also captured a spread of 11,800 to account for maintenance and other issues. I think that's a common question about how
how these management companies will deal with that aspect. So it was nice to see that baked in. And then of course, the investor is not being accredited was interesting. You know, if you want to dive in a little bit further about how this actually worked. So home base creates a special purpose vehicle and SPV to acquire the home that
Then sell NFTs that represent ownership in the SPV. They use the funds raised to buy the property and manage it and then distribute rent monthly to holders. KYC is required and only open to US investors at this time. Another interesting aspect of this is they did describe why they picked Solana. Homebase did apparently evaluate a
Ethereum and Polygon, along with Seoul, they ruled out, due to the high gas fees and Polygon, due to the hurdle of bridging and the friction it would cause to newer users, specifically regarding Polygon, the team stated in their decision that bridging money over is hard and expensive. Frank DeGaz must have missed the
them on that one. All right. So that's my overview. I want to get into some of our listener thoughts here, our speaker thoughts. First, how big of a deal is this? And then maybe are you more interested in investing in the real estate with NFTs? Ghost, I'll tell you about. I'm definitely more interested as someone who's who's purchased two homes.
over the last couple of years, it's a terrible process in the physical world and I think that a lot of the friction and pain that we go through as home buyers can be alleviated by the blockchain. And I think that there are a lot of people that like everyone always thinks that investing in real estate is a great play, but I feel like
Very few people actually have the means to be able to do it. But if you fractionalize it and tokenize it and put it in a way where people can get smaller shares of it, I think that there would be a lot more people that have interest in exploring that alternative type investment as opposed to just investing in stocks. So I think it's a huge play and I do think it's the future there.
Yeah, I love that aspect of it. I mean we commonly see people like people can't afford an entire Bitcoin. That's fine. You know by 0.05 or 0.01 right now we're seeing that with real estate which is pretty interesting. Emily I think we finally got you on stage here. I'm curious for you.
to this, if you find this interesting and then maybe if you have any takes on the choice of Solana for the blockchain here. I am here. That was frustrating. I think it's I think it's super interesting that they're doing this, especially using fractionalized out of t's.
Specifically, what's interesting about it is it is not easy to invest in a fractional share of a home that takes a lot of organization and approval.
Yeah, I think it's, I'm not really sure how they manage to do that through the vessel, but I think what it really illustrates is that, you know, Wall Crypto has its complexities. It is still a lot more frictionless than traditional
investment. And that's the beauty of the blockchain, right? Once you are set up to operate on the blockchain, you can use anything that's available there. It's not, let me go jump through all these hoops every single time I want to try something new. Once it's been surfaced on the blockchain, all of that
is all of that challenge and friction is removed. So I think that use cases like this make that stuff super obvious. And I think that's probably one of the most interesting components of it as far as Solana being easier than something like Polygon
I still don't even know where I buy salon at these days Getting people like to go use crack in or something like coinbase. I think is a little I Don't know Not not as strong. Yeah, not as straightforward as they might have wanted to indicate I think
I think a company like this is going to need to expand to other blockchains. I don't think the blockchain they choose has a whole lot to do with offering that they're providing other than availability of people who are currently set up. But like I said before, once you kind of know how to get on and operate on a blockchain,
Those people know how to get onto other chains. So I don't think it's that big of a deal. If the intention was to make it available to your regular investor, not someone who's exposed to the blockchain, it doesn't really matter that they chose Solana over Polygon. It is equivalent easy to get on Polygon than it is on Solana.
I tend to agree, but that's not exactly what they said here. So you brought up that the frictionless nature, which I totally agree with, but clearly home base did see some friction in the polygon process as of current. I'm very bullish on our future where a lot of this, the blockchain will be ignited.
and behind the scenes as we really look to get this at scale. I think another piece to unpack is this is the crowdsource real estate buying is a large market. So I saw $10.8 billion industry projected to reach $250 billion by 2030 according to custom market.
So this certainly is a big market. I think a strong value prop here. Besides all the UK says for this specific use case is, my understanding if you invest with like fund rise or Craustry, you're buying in for the duration of that project and you don't have ability to
sell your shares. So that is a very specific and nice benefit of the NFT aspect here. Assuming there is a secondary market with some potential liquidity, you might be able to exit the trade ahead of the potential home sale. So that's something I'm watching. Logan, you got your hand up thoughts on this? Yeah, I just wanted to add, like
one important piece here that I think you subtly touched on in the morning minutes, Tyler, is that I think many people like maybe foolishly suspect that because this is a new opportunity to invest in that like almost means that it's a slam dunk investment, right? Like you haven't had the opportunity to do fractional real estate investing in a way like
like this before. So, you know, we must do it. But as you astutely pointed out, like the rent checks per share are like $5 to $7 or something like that. And even if it was, you know, $10, you know, it's going to take years to potentially recoup on the initial investment. So something that is just like not
know, very foolishly or quickly, hastily rush into something like this just because it is available. Like we're still going to need to be able to analyze the investment vehicle prior to kind of hopping into it. Yeah, such an important point. I have no idea if this specific home in the Cal and Texas was a good buy at a $246,000
monthly to holders, they have to be, they're going to figure out how to do that gasslessly or about as cheaply as possible. And I'm not an expert in ways to do that. But certainly on ETH, it feels like it could be prohibitively expensive when we're talking about prices at those levels. And my more thoughts, and then we're going to move on.
Yeah, it's how they nailed it with the ability to do your research on the investment itself. There are components of it that give me kind of subprime mortgage vibes, right? Where the house itself may not be actually
worth what you think it is, but because you have the ability to buy the house, this could drive up real estate markets a little faster than they might otherwise. And that creates an interesting dynamic. Let's see the Nakamego's version of houses in the US and to see some
skyrocketing values based on the images and the folks who buy in. So I'm totally with you there, but this is fun to see in more macro use cases this week with Ticketmaster and now home base. So let's keep our conversation moving forward and let's get to some NFTs before we do that.
People introduced his new work, S.2122, on Wednesday, his latest kinetic sculpture piece focused on climate change that will be featured at Art Basel Hong Kong. Magic Eden is launching its East Marketplace beta on April 6th, marking its fourth supported blockchain. ArtBlox launched its new secondary marketplace yesterday after
the cargo curated drop, along with a new fair price, Dutch auction format, where everyone pays the final price, though it is up to artists to use that format or not. And then proof, also launched proof curated yesterday, along with news of its first project, evolving pixels, featuring five gerrymdeb artists and five AI artists
created by memories of Kylenn artist Emily Z and then arrow postale file trademark applications for some web three initiatives and script on news. Bitcoin up 1.3% at 28,700 even at 1810 that's dot AI secured 40 million to facilitate the commercialization and deployment
of AI generated data on the blockchain influencer Irene Zao's Web 3 social platform so-called just raised 4.5 million in new funding as investors bought so-called SIP tokens. The SIPs are still alive and buying into what Irene Zao is selling. All right, that's the news.
here for today. Let's get to our second topic and you got in the heavy metal reveal. So we got the first glimpse yesterday. One of these HV Mech types are going to look like. I think the primary takeaway is they are going to evolve over the coming months as the game plays out and they are dynamic and FT.
We got a new website. There's some new images exploring what the fuck happened to cause the heavy metals where they fit into the lore picture along with some previews of what their final forms may look like ahead of a cosmic battle coming soon a few aspects that we know each hv is unique dynamic
it evolves based on NFT holder decisions. There are eight different types with countless trade combos, each own skills personality and roles. The heavy metal forge is where holders will build and customize and workshop the prepares the HBs for their evolution. And then better creations by holders will lead to higher ranks on the leaderboard and unlock
So holders and their gamification and involvement with the NFTs will absolutely be a driving force in rarity and value with this one. We know the EVO one reveal stage is coming next in April and expecting more information to come. Let's open it up some of our speakers here. This was a
some pretty big news yesterday, likely the biggest on the NFT front. Maybe some early reactions to these new images. And then maybe the second part of the question, are you able to keep up with everything that you guys are doing now across the other side, across Jimmy and the monkey with heavy metal and everything else goes? Maybe I'll tell you what.
Yeah, I thought the reveal was really interesting and the something that stood out to me is like I feel like a lot of the projects that we see that were big in the bowl. You kind of feel like they're innovating in a way where it feels like they're just doing things as as they come up where we've known about mechs and these things like they were on the roadmap from basically the beginning. So like this is finally the culmination
of like a year's worth of work. So this is clearly something that's been long in the works, which I find interesting. And I also feel like this is going to be very similar to to Wolfgame where I feel like there's going to be a lot of different ways to win or have a little niche of your own little area of how you want to play like in Wolfgame, like one person can dominate a certain reason.
source and play it that way or if you have a certain amount of wolves that you can strictly play just with your wolves in that way and it seems like there's a lot of different angles here that it's not just going to be one certain like meta that you can only win in. There's a lot of different angles that you can play. So I think that's the best thing for the market too because they have a lot of different assets.
a lot of different strategies that different holder bases with different price levels can counterpick the data there. Yeah, I think that's a great take and signal on the nifty show this morning had a similar one. I think she made a really great point that people now have a choice where to play in the Yuga the Yuga ecosystem. So, you know, you're priced out of board
that's fine. Are you more interested in the other side in playing in that space? Are you more interested in the Jimmy the Monkey lore and heavy metal? Now you've got a choice with similar price points. Logan curious for your thoughts on this. Yeah, I'm glad Ghost brought up the kind of the Wolf game analogy there. I think personally like the art doesn't do anything.
I'm sure we'll see lots of people say the arts great lots of people say the arts dumb whatever I have no strong kick on the art. So sorry skip beyond that part of the question. I think the play into the dynamic reveal and you know players having some impact on ultimately rarity and what their NFT can stand for and how it could be utilized is
super awesome. I think that exactly what Ghost just diluted to and you mentioned signals take, giving people some semblance of ownership is a huge part of Web 3, a lining incentive. In terms of reveal and in terms of the assets that most folks have
or been able to participate with up to this point in time, it's largely been chance. How good is your mint luck or something like that? Whatever skill is required here to eventually divulge something really powerful or not, I guess we don't exactly know yet, but I just think it's really awesome that
They're kind of undertaking and giving some power to the holders and the users who are going to play the game. A second, like, a little bit of an unrelated, I also think this is super smart for you guys part to kind of play this meme land role where it's, you know, taking time to ultimately reveal and kind of get to what
maybe if ever a final stage of sorts, it just keeps it present in people's minds. I think that's such a slam dunk for folks is just keep the thing at the top of people's minds, keep iterating in a way that is hopefully simple but at the same time drawn out.
You make two great points. It's very hard to argue. I also really like as well the ability to drive folks who are interested in spending time with the games to have the best chance to have the highest rarity the most valuable in a tease. Certainly that's bad news for passive NFT holders like me who maybe don't
want to spend hours per day, but it makes sense. And it's the most equitable model. So I've been stoked to see that. And the evolution mechanic clearly is smart in a great way to keep attention. For analytics had a good tweet. He did a lot of analysis overnight, saying on how he thinks these will evolve. He said,
I think there's going to be about six or seven trait slots to roll, kind of based on how you evolve the heavy metals here, the face, the crown, the back, the arms, the body, a companion if you have one, and then maybe a weapon. So it's going to be very interesting to see how these continue to play out. Ghost, you've got your hand up and then maybe we'll move on. Yeah, I had two.
additional quick points. The evolving collections, like we talked about, I think are really interesting. It made me think about how you guys generating money and the secondary turn on these collections is just huge. You've got a 5% enforced royalty on the HV out heavy metals. Now you're going to have evolving traits where these are going to continue to turn every day. We've got so
much volume on them. So it's a really interesting revenue source for them to have all these different collections that are continually evolving and relevant that they just keep churning. And then my second point is that I think that eight coin is still looking really interesting as we see like more and more sinks are about to come for the game and we're about to have this new game. We might have other mini games going on. So see
like there's going to be a lot of different like tentacles of how they're going to integrate a ape coin and all of those will probably have positive price action there. I mean, it's hard to argue that they're not firing on all cylinders right now. And I'm certainly been one who raise concerns. Are they doing too much? But so far, it looks like
they're pulling it off and you made a great point on the royalties. Heavy metal volume spiked 400% yesterday. They did 2500 ETH on blur. So some serious volume, some serious income on that. All right, I want to get to our round table. There's several other topics to get into here today before we do that.
That goes, why don't you take us through the top NFT market headlines?
cybercongs, clonics, moonbirds, doodles, and many others. It was a nice hundred-eaf marketing play, and Frank really started endearing themselves to the major communities. He also popped into many of the discords and looked up the conversation about him, which was absolutely hilarious there. Speaking of Jack Butcher, Jack switched the metadata on Opepins to this artwork, may or may not
Dingoling swept 27 captains yesterday and all of them were above floor. It seems that they were looking for some quality maps there and the meme line community didn't seem to know who Dingoling was. So there must not be a ton of overlap between Nogag and NBA Top Shot there. That was hilarious. How does the meme line community not know who Dingoling is? Maybe that the most notable whale?
and PFP NFTs goes great report. There's so much to react to. One of the piece that caught my attention, Nakamegos are down this morning. They turned on 5% royalties last night. The market basically erased all of yesterday's gains. Kind of a reset, very interesting pivotal moment here. We'll see.
where the knock amigos goes. I want to get our groups quick reactions, excuse my voice, to Frank to God's ETH NFT buying spree. I know you particularly are a youth-seowner. What was your reactions to Frank's big bias in his marketing spree yesterday? I mean I think it's
It's a great content play. I think that if you want to draw attention, we always talk about how Frank and the Degas team were kind of masters of the attention economy. And I think there's no better way to draw attention than making a bunch of splashy purchases and kind of getting yourself ingrained in a lot of the major communities. And I think he did just that and made it very public on Twitter and got the support and got everyone around
up about it. So I think it was a great play, especially ahead of Digod's moving tomorrow. And I think that there'll be a lot of excitement for the move to ETH. And I think it's going to be interesting when people see how high the Digod's floor prices in ETH because like we mentioned a lot with the ETHs, like I just don't think people really see how high these floor prices are when they're on soul because#
Nobody takes the time to do that extra step to convert it over. Do we know what the floor on D gods is right now in the terms I'd love to try to pull that number up. I think it's something like eight if I'll have to do the conversion right now but it's pretty high. So still down from all time highs which were around 11 or 12 each but a solid number there and yeah.
That's going to shock some folks when they see that that ETH price tag for sure. I was a little bearish. I've certainly have given some bearish Frank takes and euthetics this week. But man, he's having fun. People seem to be responding resoundingly well to these moves.
I can't hate on this move. It was fun. The market seems to have liked it. Amanda, the D. God's bridge, I think that's happening on Friday, right? That's going to be the major event of the week. Much more notable than the Doodles Genesis Box review, which I cannot care less about. I'm not even sure if we'll cover that on tomorrow's show.
That's a dig at Logan notable doodles fan there. All right, let's a few minutes. Let's I want to hit a few of the headlines maybe get some of our speaker's thoughts Three pieces of news from yesterday that stuck out people drops a pretty sick new piece We saw proof loss
proof curated in our box with its new secondary marketplace. I'm curious for any of our speakers' reactions or what we thought that was the biggest story from yesterday was from that group. For me, it was people. When I saw this piece, S.21, 22, maybe we can get it pinned in the space here. Yeah, thank you for that.
I think he's the goat when it comes to digital art and crypto art. This piece is incredible. I've called X-copy the goat. I think people's ceiling is higher than X-copy's floor might be higher. It's from an art standpoint. I'm not talking price.
see of these pieces this new kinetic sculpture style he's got is pretty incredible. So I'm becoming a pretty people fanboy here. Logan, I'm curious for your thoughts. Yeah, I think it's it's difficult to argue that that people wouldn't be the go.
Yesterday's piece and even if you go so far back to like things before NFTs really blew up like politics are bullshit and All those pieces really really early in Kevin Rose's proof podcast before it was that one is modern finance He sat down with people and they talked about all these things that people's just like very forward looking and
very innovative. And I think that gives him a huge leg up. To me, an artist willing to take on those risks to try to participate in different mediums and really go to the edge of what those mediums allow you to do is really awesome. So I think it's super difficult to really put anybody up above him at present
time in terms of art though. Could I say maybe we should give FIWO world a chance? That's just me joking as a biased FIWO holder and lover of course for those who may not know but we should still give FIWO world a chance. I wouldn't put FIWO above people at this point in time.
Of course, I think FIBO world will perform very well when it comes out clearly a very strong fan base there. Maybe quickly one or two minutes on proof launching proof curated. So we they made this major announcement. Art is their North Star. That's going to be their focus. Should not be a surprise that they're coming out with new art
collections. We see the new proof curated Emily Zye from members of Quillen is the curator. They got five generative artists by AI artists and fairly big names. A few that I didn't recognize. How interested are folks in this ghost. I'll I'll te you up for
this one. Do you think this is going to perform well? What are your thoughts? Are you going to be looking at this? I mean, I think that it's great to see proof getting back to that art focus and they clearly have amazing relationships with some of the top artists in the space. So that's that's bullish there. I don't know if I'm going out and running to get a moonbird or any of the proof
collections for this specific announcement, but I do appreciate that they are getting back to the art thing. And I think that's a great overall move for the company in general. It makes sense. I do think we are at a pivotal period here to see how these early art collections are performing from an investment standpoint. You know, clearly a lot of the buyers
from Moonbirds bought in for investment reasons. That's clear when you look at the user base everything that we've heard firsthand. So if these early art drops that they have access to second in line behind the proof followers, if they don't perform well, I think that will additionally hurt the price of the proof pass.
and then Moonbirds. It will be also interesting to see if they can manage high quality curate art here along with their Grails collection, which is still separate. So that's going to be an important trend to watch. The art blocks news, and I don't know, there's a ton to say there. They've got new secondary marketplace, a new
Dutch auction format yesterday's price action was a little overwhelming. It saw a brief surge. I want to say it's now back to mint price or maybe even below. So it's still crickets over in the R block space. All right, well, we are over time before we drop today, though.
What NFTs are coming out so we've got the mafia animal soldiers coming at 11 a.m. Eastern to free mint friends by Gabe Weiss coming at 11 a.m. Cantara by Jessica Marcus, which it's a mid pass It's a bright moment's Dutch auction coming at 1 p.m. The glimmering at 1 p.m. Over on polygon
Though that's 250 matic so not a cheap buy in and an Escher exclusives are dropping today from Andy D's and the Escher team so watch out for that The mafia animals is likely the mint of the day It's a free mint from the co-founder of the crypto ninja NFT collection that ecosystem has
seen a lot of success in the past three to six months. Free is a great price in this market. I'm expecting some big demand on that. That's the main one I'm watching. All right folks, that is our show for today. The crew will be back tomorrow at 10 a.m. Eastern. Thanks to our listeners for tuning in. Thanks to my co-hosts. Everyone enjoy your Thursday.
today, let's make it a great day. Bye everybody.