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 Wednesday, March 29th. We have some positive movement in the NFT market ladies and gentlemen. I am excited.
The bears are becoming exhausted. I can't wait to break it all down with you here today. I see some friendly faces in the room. If you don't mind, retweet the space. Let's get a few more folks in here. Zane, thank you for joining us. Rushy, NFT shark. Love seeing you guys.
reminder for any new listeners out there, 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 in a tease. The show it's meant for those interested in discovering the space, those actively buying and selling in the crypto and in a T markets and those here just doing
I'm your host, Tyler D. I'm joined today by several amazing co-hosts. We've got Emily Loves Crypto, a Web 3 security expert and co-founder of the foolproof app. Ghost, content star over a lucky trader, deep in the solar rear streets, quietly a whale in a tea trader, and he was also very early to knock amigos.
We've got Logan Hitchcock, Reppin' the Lucky Trader account. He's our editor-in-chief over at LT, and today we've also got CT. She's a writer and producer for Web 3 companies. Also our resident Bitcoin wish for her, and we love having her CT. Good morning, how you doing? - Good morning, I'm excited to
I'm excited to hear that story. On the docket for today, we're going to talk about youths their first day on polygon, how to go. Then we're going to talk briefly on ticket master changing the live music industry.
We're going to be talking about the blur extension today. So we want to know how you're feeling about it. They announced that we're going to be able to do that.
subscribe to that. And then a shameless plug for our new show, the NFT roundtable, which is going to be live today at five Eastern. And that'll be myself Tyler Logan and Jason. And we do a little debates down weekly column there. So and we're going to move it over to a live show. So come check that out if you like the casual Friday vibe and it's a lot of fun.
I'm also excited to hear what our listeners think about Boller. I feel like there was a collective grown from NFT Twitter when that announcement went out yesterday. So we'll see what folks are thinking. All right, let's get into our top story. You first day on polygon, March 28th is going to be
to go down in the history books for Frank DeGaz and the youths collection as they make the irreversible move from Solana to Polygon. It seems that the migration went pretty smooth with various issues noted and most holders seemingly praising the smooth experience. General community
of the total supply. We're seeing a 1.72 e-floor on polygon and about 220 e-trading volume, about 360,000 on the day. Those are some key numbers. Polygon itself also saw a surge in trading volume on the day with about 2 million total of about
130% on the day putting it in third place by blockchain behind just Ethereum and Salana. So definitely a lot of positives there right and 85% migration in the first 24 hours is pretty unheard of that feels insanely high and definitely impressive and it goes to
a lot of the incentives that Frank and the team put forward. It's been interesting to see how the floors have kind of played out between polygon and so Lana when I checked this morning, the sonata floor was right in line with the polygon floor around 1.72. So there's not really much of a
a spread there. I think that the piece that's worrying me the most is the volume. So this was a marquee day for youths, yet they only made it to 12th on the overall NFT volume board. And they weren't even the top collection on Polygon as the new collection, Broso, which I don't know what time
about it felt kind of like a dejan mint. Broseau did 60% more volume on polygon than used it with 611,000 sales. So I think the primary concern headed into this move on polygon was the lack of liquidity on that chain. It seems like those concerns are still very valid. I want to get our
speakers thoughts on this CT you got your hand up I want to get your thoughts but first Ghost I know you are a you owner maybe give us a first hand account of how the process was maybe how you're feeling yeah so I bridge them over yesterday I have two youths actually had one tube and one you and then I burned the two B.S. right because I got a
and I like revealing and got a cool little basketball playing guy there. I thought the process was really smooth. They clearly collaborated really well with Magic Eden and Phantom there and it was all just a really smooth, seamless process. It took barely any time and you knew
a little bit of dust in your wall to approve the contract originally and then somatic on the other side. But I believe that they reimburs you for that. And I just felt like it was very smooth and that's like the type of stuff that you need for people to move it over. And you saw the percentages of how many people
already moved their thing over like that's a ridiculous 85% of the supply moving in 24 hour period is pretty wild. So that makes me super bullish but the experience was great and I think the last couple things that we've seen out of delabs have really shown that they have a lot of a technical expertise or at least people that know how to do stuff on the on the chain there.
goes, I mean, you said you're super bullish. So are you interested in buying more euths based on how this went down? I don't know. I don't know if I'm more interested in buying more. I'm very comfortable with my bag. I didn't really plan on selling mine. But I do think that Frank has some interesting stuff cooking and I'm not really too concerned about the volume because I think that there are a lot of loyal holders#
And I'm really interested to see how Polygon adds to the mix with how they can leverage some of those partnerships that they have with other web2 type brands to reward holders of like euth because I think that's a big priority for them probably is to get this collection to the top.
nice to see. I would hope that it's nice to see something like polygon being kind of aligned and incentives with the youths to get that up as well. Sure. Very fair take. Polygon clearly a winner here. I think magic. He also a winner. I mistakenly looked at open seas volume metrics yesterday.
day morning when checking in on the the youths move and I missed that most of the action was in fact on Magic Eden. So now there's a new new marketplace to check every morning. Great for those reporting those of us reporting on the market every day. CTI I'd love to hear your thoughts on on you today one.
percent is wild. Like that is shocking to me and so like pops for that like I'm kind of like tripped to my core on that one. I think number two like you know like you said magic Eden and an open sea volume wasn't too high on this I think it's very interesting right because probably on NFTs
are on blur. Blur is, you know, kind of, you know, we'll talk about it later, but blur is driving a lot of the eith and of T volume right now. And so I don't know that the good thing or bad thing, it depends on how you feel about blur and like how like you know artificial or real you think it is. And I know that Frank is obviously really
to building the community and, you know, especially Naggo over to Polygon and, you know, maintaining that sense of community that was on Solana. But like, I remain, you know, like very bearish on polygon energies. I think they're spread in like 15,000 directions. They're like
like partnering with gaming, they're partnering with P.F.P.s, they're partnering with all these things. It's like, what are you trying to be? I don't know, especially for P.F.P.s in polygon, I'm sorry, it's just like, I truly just don't see it. And so we'll see how it goes, but 85% is great. I will say that, that's crazy to me.#
Yeah, you made some really good points. I will disagree with you on polygon. So a few weeks back on the show, I said we might be seeing an NFT ransom or run on polygon. Well, now we're starting to see new men's do well like that brosos meant two X yesterday, so putting you aside. So there are now more alpha groups
actively tracking daily polygon drops. So that is a win for polygon. That's a fact. That's hard to dispute. I'm very curious if that trend will continue. Logan, I want to throw it to you. We were chatting before the show. I feel like you've got an interesting take on you and how they fit in compared to D-guides and
perhaps on polygon so I'd love to hear it. Yeah, thanks. Man, I really just feel like the move overall, I think the term I used with Utahler was, you know, a cementing of youths kind of being like this little brother or companion type project when it really felt when youths initially came out.
there was great opportunity, you know, with the community involvement and just the overall excitement about, you know, the look and feel of the collection, or felt like when it first came out, there was opportunity to kind of make this some premier collection in the NFT space. And what it felt like to me in recent weeks with, you know, much of the attention
coming to D. God's from the Dust Labs team and then them deciding to move D. God's to ETH but ETH to PolyGuard. It just really felt like they're okay with ETH's kind of being the secondary collection. And to me, it felt like very much what CT just described.
You know kind of a cementing of hey, you know, this is like our little brother project We're gonna put it on the little brother side kick chain. That's not ETH You know where everything sort of reign supreme and that's that's generally how I'm feeling about it overall I think the four price you know could certainly prove me wrong in a few months You know, I'm not knocking polygon NFTs in general. I just
think maybe cap to the upside here about what you could have been as a result of this. Very fair. And if I'm interpreting your take, you are kind of calling this a double little brother situation here where you are the little brother collection to D. God's as well as polygon being the little brother to
theory, which does not bode well for the ceiling here unless you think polygons can become a real player in the NFT space and DGOs can continue to level up, which they may very well be able to do given some of the moments that I'm with that Bitcoin drop a few weeks back. But ghost, I want to hear your
thoughts and then we'll move on. Yeah, I mean, I think all this little brother talk is crazy. I mean, it's like 1.70 floor price right now. So that's a pretty good little brother. And I'll take that. And I think a lot of people like we've mentioned this before, like I don't think people realize how high the floor price was because it was denominated in Salona. But I mean, 1.70#
nothing to laugh at looking at some of the other collections on the market right now. I think that Frank can help open the gates for a more chainless type NFT movement where I don't really think it's going to matter as much long-term what chain the thing is on it if the team delivers and people like the product.
clearly like you'd like they're very pfpable so I think that the chain will start to become less and less important and I think it really actually depends on like like you see magic Eden and mining this now like if these big marketplaces start to show and and display them like on a on a normal basis alongside everything else I think that's like the biggest thing because you just don't see
area, CT, I'll hear you out and then we got to move on. Five seconds. Sorry. I will say, and talk about this more later with Blair, I feel like if you choose on Blair, you know, when D-guides comes on Ethan goes on Blair, it will not hold that floor price for floor price in my opinion, but you know, we'll talk later ghost.
Yeah, and I'm very with you there. I think there's a case to be made that organic volume without blur is maybe healthier for a project right now So we will continue to track this major storyline All right, I want to keep our conversation going and get to take a master before we do let's read the news
Today's top headlines powered by Lucky Trader. Trading volume came in at 22,000 a.m. on Tuesday down about 5% on the day, but we did see some major green on the board and the Yuga ecosystem and from Nakamegos. Blair announced two X points for the month of April along with the delay to the launch of their
something new. Disney laid off its Metaverse team of around 50 employees as part of a broader round of layoffs while Tommy Hilfinger is betting bigger on the Metaverse launching a multi-metaverse fashion hub in partnership with 3D technology and VR platform provider Imperia. MetaMask squashed rumors of its
potential airdrop, calling the rumors false and dangerous, and the Guggenheim Museum has appointed a new art curator and no one's seagull who will have the same focus on digital art and technology. In crypto news, the crypto market fell, or crypto market was up actually yesterday at about 5% Bitcoin at 28 400
ETH up about 5% at 1810 here this morning. Some of the other crypto headlines, SPF, facing new charges from US prosecutors tied to the alleged bribing of Chinese government officials and Dow token holders now face potential liability based on a recent ruling in the BZX Dow case.
tied to a $55 million hack back in November, 21. All right, those are the headlines. Let's get into our second topic here briefly on Ticketmaster and token gated tickets. The biggest news and NFTs this week is not from your favorite PFP project. It's from Ticketmaster on Monday.
One day they've officially launched their NFT gated concert tickets and partnership with Avenged 7fold also known as A7X. This comes after a successful pilot with A7X a few weeks back proving out the concept. Before we dive in, just a quick look at some of the problems in the current state live music industry.
1. Average ticket prices have more than tripled since the mid 90s. These add to each ticket can be as high as 78% of the ticket price. And third, and maybe most important to average consumers, tickets can be nearly impossible to buy on primary as ticket master often holds 90% of the supply back. It seems like that third bullet is arguably
the biggest gribe and that leads to average ticket markup on second area of 158%. We had some of the articles I was looking at when researching this, along with some security issues tied into there. I think so what can solve these issues? NFT gated concert tickets certainly can. And ticket master is leading
the charge here. So, essentially what this is, NFT holders will have first access to purchase concert tickets on ticket master and exclusive pre sales. It will work like this. Holders will connect their wallets, verify ownership, and then enter a special queue to buy tickets without all the typical competition. So for a $70
And specifically we saw holders of the Deathbats Club in FT have early access to buy tickets for upcoming shows in New York City in LA and it was majorly worth it for them. So one holder was able to buy two section two tickets for $275, which just a few days later costs $755. So about 175% in
savings, the deathbats NFT collection also up 130% on the month now at 0.17 E greatly outperforming the market. Certainly it's a lot unpack here. We could probably spend a whole show on this, but we'll try to time box it here to maybe five minutes. I'm
I'm curious for some of our speakers takes on this one, you know, how big of a deal this is and are you, you know, ready to buy into your favorite musicians in a tee if they launch one. And I'd love to get your thoughts on this if you're willing to chime in.
may not have Emily. Oh, they were clear. Sorry. I'm here.
Honestly, I don't have a ton of thoughts on this one. It's like, I don't know a ton about the ticketing world. The people that I do know about it think that it's a totally misguided approach to
NFTs. I think it's a bit contrived on their part. I don't think that they're doing it to be adding this sincerity back into the relationship. I think they're doing it as cash grab.
Very interesting take there a little contrarian from some of the the views I've seen ghost I'm curious to hear your thoughts and then we'll go to CT Can you imagine the cope from from normies who want to go to a concert and have to choose between paying 75% more for a ticket or buying like a cartoon PFP of their favorite musician. It's just gonna be wild out there
But I think it's big for mass adoption. I think that NFTs, PFPs and everything aside, I think the NFT technology, whether you want whatever you want to call it going forward, is going to be present in almost like every facet of our lives and ticketing is just like a beautiful use case for it. So I love this. I do think that like the talk about how
like it stops like the bots and people from getting it. I think that this is just maybe temporary and I think that those people will just eventually come into the NFTs and exploit it just like we see in any other project like the market gets smart no matter what. So I don't think that's necessarily going to completely stop it but I do love the idea of rewarding loyalty for your favorite holders and like
I think that we saw a lot during the bull of like the artists and random celebrities that came in and dropped stuff and didn't really do anything with it, but like if they would have added a piece of utility kind of like a vengeful did like maybe those would have been more successful. So I think it's an interesting use case and like a great mass adoption tool there. It's a fair point. So the A7X NFT and death
that that's has certainly paid for itself for anyone who used that and wanted to go to those concerts. But the risk is like a Taylor Swift drops in NFT. It's going to be the NFT DJs and traders who are buying that up most likely versus true fans unless Taylor Swift and her team would find a way to to gate that.
in some fashion. What I think the idea here is to get this into true fans hands by all means if you can. CT, I'd love to hear your thoughts. I think it's a cool idea for sure. I think the main challenge I think for me would be around accessibility. So there are a lot of people that aren't interested in owning crypto or
doing anything with crypto or knowing what crypto is. And so I think, you know, if the artist makes it so that this NFT is like a massive unlock for them, then those, you know, quote, unquote true fans, like shouldn't be excluded just because like they don't like crypto. So as long as whatever they can buy is like they can buy it in your
or they don't know what's on a chain, you know, like some point that, like this is something that actually Polygon would be good for, right? Like, we don't need, you know, like, you know, PFP, NFTs, I'm following on, but this could be something that could usher in more people. So as long as it's accessible, that's the main concern that I have about it.
I didn't agree. I don't see this. This doesn't need to be cryptogated. Right. There are going to be ways for this to be done using USDC and still using NFT tech. Emily, you got your hand up more thoughts? Yeah. I think the idea that it would stop bots is
one of the silliest things I've ever heard because if anyone knows how to make bots, it's NFTMFs, like that's, you know, they're pretty good at it. Obviously it's a good use case, it's just
When you see someone come and do it wrong, it's not moving the space forward at all. I don't think they did it the right way. If you're going to do it the right way, it should have been more of the classic.
In the fan club, and that gets me special access and facilitating it around that because that's like a real thing. Access to tickets every time that they come local is a lot less valuable as a fan.
Interesting. I feel like I'll disagree with you. I feel like the people who were buying death bats in a team most likely had to include at least a cohort of true fans. And then I think that this did pay off for them. So I'm viewing it a little bit more positively. And I think another takeaway here is
is this doesn't even scratch the surface of use cases for musicians for bands for events with NFTs. There's things like ticket stubs as NFTs, special fan experiences, token gated song releases. We're just getting started. My takeaway is music NFTs used to be a joke and a meme and now we're
finally starting to see some direction. So I feel like it's positive and it's going to be exciting to see where we go from here. I want to spend a few minutes on blur with CT, fresh off our newsletter post before we do that goes. Take us to the top NFT market headlines. Let's do it here at the top market headlines from Tuesday.
a powered by Lucky Trader. Super rare announced its next rare drop artist's pass, airdrop, as Sarah Zucker with the airdrop happening on 4/4. So let's come up here in the next week. Nakamego is the big winner again overnight, soaring 100% to a .37E floor as notable whales bought in and expressed
sale in captains yesterday with an alien selling for 33.33 ETH there. And the floor is, despite everything else dropping, the floor of captains is holding steady at five ETH there. And finally, Opepins pumped 20% overnight to a .34 ETH floor as Jack Butcher continues to build in public and seems to be getting closer to launching the full mechanics behind that project.
Thank you for that. A few reactions. First on the other D's those those continue to move up Jason Bales on our team. He's he's listening to today. He just got a new guide out everything you need to know about legends of the Mara. That's over on Lucky Trader. So check that out. If you want more info, certainly I need to check
that out, I'm behind on the finer details. And then quickly have to comment on on knock amigos. I did buy in so I can't, you know, I'm not here to put my bags. I think my experience with, you know, buying and browsing knock amigos yesterday is the buying experience is fun. And everyone
who I've been talking to who is actively buying in is doing so because it's fun to go shop for these various traits. And that's the primary bull case that I'm seeing right now. We're seeing things. Apparently there was a four hour spaces last night with the Ninja trait group where they held live
Ninja training on a Twitter space is for four hours last night. So I mean you can't make this stuff up. This only happens in this wild NFT space, but it's things like that, which do make me feel a little bit more bullish on the legs of this collection might have to stand on here, which is
in about base 180 from how I was feeling earlier in the week. Ghost, I know you were early to knock Amigos, I'll get your thoughts and then we'll move to Blar. Yeah, I just wanted to call on. I've been having a lot of fun with knock Amigos. I bought in around like 0.05 so it wasn't really like the mentors or anything. But it was kind of frustrating to see a lot of the negativity on the#
I don't understand how anyone could drop a project in today's environment without being called out as a pump and dumper or scam, but it's just been a fun collection that I think a lot of people have been vibing with. I think that with the market downturn, everyone's itching for a nice PFP wholehearted type thing that we can just get into. This collection had a lot of
a lot of fun traits like like you mentioned like I had a lot of fun just going through the different parts of the collection and seeing all the new traits and they're very pfpable like I've seen a ton of them all over the timeline the MFRS community has been really active and vocal about it and it's just been some fun in a time where NFTs have been kind of stagnant or
down. So it's been a lot of fun and it's been sad to see a lot of people kind of crap on it despite people just having fun. So I'm enjoying it. I don't know. It probably goes to zero long term like everything else, but I'm enjoying the ride right now and it's been a breath of fresh air and kind of a bad market right now. Yeah, and I've expressed my share
of salt as well. So I'm part of the problem there, but I'm with you. It could take their ghost Logan quick thoughts on this. Yeah, I was just going to say if you guys need a wholesome NFT project, I could point you to a few clay ones. Sorry. Logan with the clay NFT plug. You truly hate to see it.
All right, Logan's muted for the rest of the show. We're gonna talk about Belar here with our remaining time. CT had a brilliant newsletter on this topic today. She turned it around yesterday evening, published this morning. I'm just gonna read a quick pit and then I'll get her thoughts. So the news here, Belar announces 2X point extension.
They announced they're working on something new at season two double bidding and listing points will continue through May 1st instead of April 1st That's another month for farmers to earn money by bidding and listing the comments on the tweet were not good Quick side machi had a hilarious comment in the replies where he just said fuck because
because all his farming in the first month now is going to be half as valuable as the farming done here in the month of April. While Blair gained some market share during season one, season two got savage. If users give 100% listing loyalty to Blair, the air drop promotion much higher, this mood in a T volume.
from OpenC, Blair now have 62% share. We've seen whales like Franklin and Machi who lost thousands of net teeth in their trades while the blur token reached a high of $1.35 now around 50 cents. So it's a lot to unpack. I feel like the general reaction in NFT Twitter yesterday was, oh no.
another month of this. Since you wrote up this newsletter, I'm curious. What are your thoughts on how this all went? Well, I found that the comments were pretty wild in there. People were like, "Oh no." Then I started thinking, "Okay, people are really blaming Blur for these low floors." How true is that? That's what I thought researching yesterday.
yesterday and just like going through different people's perspectives and kind of learned a lot yesterday on that. Long story short, you know, a lot of people are blaming these like, you know, blur for enabling these massive air drop farmers to, you know, churn NFTs day in and day out, which can sometimes drive prices lower of course if you're
underbidding, undercutting the bids and keep on doing that. Other people think that this was that, you know, blur is just accelerating the inevitable and that the NFT market, you know, a lot of mid-tier PIPs and things like that came about a while ago, you know, won't survive. And so they're kind of turning it out like survival of
Yeah, it's an interesting conversation for sure. Well, one thing is for sure about most NFT traders, they like to blame other people for their problems and their bad NFT trade decisions. So that's not going to change anytime soon. And currently, Blur is being blamed the most. You mentioned
Jack's decision to remove beds. He put it to a community boat. I think they're going to be turned off for the week. Do we think that's a good or bad decision? Goes, maybe I'll tee you up for this one as someone who is definitely invested in the ecosystem. And I don't know. I tend to lean that I think that these floors are dropping not
Just because of blur, I just think that there's different conditions at play and that blur isn't easy scapegoat. So I don't know if it's good or bad. I think it's kind of just a factor of the market. And I tend to think that having extra or having liquidity in the market and having people be able to move in and out is a good thing long term. I don't think that the
incentivizing people to do things that aren't really natural is great. But I do think that like some of these floors like doodles or cool cats or things like that would be bleeding regardless of if blur existed or not. So I don't feel that strongly about their new announcement and as someone who's not farming I think it's been hilarious to watch those comments.
But there's always the opportunity that you could just not farm and then like all these people that are freaking out about it, you know, you don't have to do this so That's that's my type. Yeah, I mean you always just you know not participate and sit and choose to buy collections that you like You know, I've seen pretty I've seen takes on both sides one
certainly the liquidity has been nice and we've seen whales take advantage of that famously over seven mandos selling their 71 apes. I think on potential problems here has changed the community dynamic of a lot of these PFPs where they're no longer
about the collectible or the ante they've turned into these shit coins for trading and that certainly has hurt the morale of some of the mid tier PFPs specifically. And it's harder to dispute that but we'll certainly see how this continues to go. I'm very curious for what this next month looks like Logan you better
hand up I'll let you go unmute here. Give us your blur thoughts. Yeah. So I'm the thoughts of blur. I don't really have too much to share unfortunately beyond what was already said here. I think that it was you know, largely the inevitable. And I think blur is an easy scapego. I wanted just to make a note but you're tweeted early this morning actually just before the show that
He doesn't think the marketplace filters are actually stopping blurbids. So yesterday's poll was pure theater. So good intentions, but I think this is part of the inevitability, right? Somebody's going to find some technical loophole somewhere to always kind of allow this to continue to be that race to zero.
or, you know, however else, people have characterized it previously. Well, Jack was already a master of theater, so he's continuing along with that trend. Well, I think we could talk about Blair all day. I'm sure we'll talk about it more this week, but we are over time. Before we end, what's dropping today? We've got "Bore Boys" by Kurt Jerk.
that's coming out 9 a.m. Eastern that's already out. The memes by 6 529 that was actually already air dropped to the entire supply. So there is no mint today. Artblock's curated is back cargo by Kim as indoors coming at 1 p.m. and then Meteora coming at 8 p.m. Eastern
I think the art blocks is clearly the primary mint of the day to watch the supplies high at 1000 NFTs. But if this approaches the mint price around 0.1 ETH, it likely becomes pretty attractive given the lack of interest and volume in art blocks lately that is definitely possible. Kim has other collections like Sabotai
which hold a 1.5-E4 for about 260 supply. So this is definitely easy to see how this could trade in the 0.3-0.5-E3 range. So this is the one to watch today. Other than that, let's keep watching for new hype drops on Polygon, the hot new blockchain. Fresh after yesterday's Broso drop was a quick two-ex fermenters. All right.
folks that is the show for today. We will be back tomorrow at 10 a.m. Eastern. Next to our listeners for tuning in. Next to my co-host everyone enjoy your Wednesday. Let's make it a great day. Bye everybody.