I'm cold up so my split is unsoke Let the story unfold I don't wanna fall down again
I don't wanna hurt you. I can't hear something that you I can't do this all again. You make it look gay. I don't look you can't save me now. I'm my flowy. I'm too high up on my lonely cloud. I'm too far to day. You can find me in all of the sun. Jesus stay away. You need me.
I'm not the only thing I care about Lost it all, I look back at all the memories Since you're with us, you're I still in your city Game control, oh my thoughts fade away by a chain of rocks Lost it all, I look back at all the memories
♪ Just to move without you I have no energy ♪ ♪ Can't control my thoughts ♪ ♪ I need a light ♪ ♪ My hands are jammed ♪ (upbeat music)
I'm a fan of the night, thinking about this joke all night, drunk in the night, I'm on my front last year, I wanna say bye you 'cause you are my life, pushing through the flowers, the sky, when I see you,
♪ Cause I can't let you go ♪ ♪ Always can't believe I fell off that night ♪ ♪ Thinking 'bout it in your car ♪ ♪ Yeah ♪ ♪ Yeah, yeah, yeah ♪ ♪ Yeah, yeah, yeah ♪ ♪ Yeah, yeah, yeah ♪
I ain't fun girl but you know that I wanna be
I'm not my fucking audience here to live I was talking about a bitch that she's lullaby But what if I'm a bitch that she lullaby But what if I'm a bitch that she lullaby But what if I'm a bitch that she lullaby But what if I'm a bitch that she lullaby But what if I'm a bitch that she lullaby But what if I'm a bitch that she lullaby But what if#
Good morning, everyone. Welcome to the modern market. We run the show for 45 minutes on Monday to Friday at 7 a.m. Eastern time 12 p.m. GMT every day of the week. We discuss all things to do with the modern market. That is the crypto market.
the NFT market and how to make money by leveraging the internet and the latest technologies. My name is B-check. I trade NFTs, I collect NFTs and I ride about them too. I'm the author of the snapshot which is pinned up top and it goes out daily on Twitter on one time per week
newsletter form. I'm joined by my legendary co-host Legendary, the OGNFT collector, the Air Drop Extraordinaire and one of my best friends in the space. Legendary has been in the space since 2016 so we love having him around to give all his thoughts and knowledge and experience
Finally, as a reminder, nothing legendary or I say here is financial advice, this modern market is exceptionally risky. No one really knows anything for sure, so please proceed with caution and do exercise your own judgement. With that out of the way, legendary, how you doing?
GMGM I am good. I started a new habit about a week ago. It's something I didn't tell you about But I think you also read the book breath by James Nestor. Didn't you? I haven't read it, but I've read about it
you read about it. I started actually the habit of mouth taping when I'm sleeping. It's something James Nester suggests in his book to improve sleep quality, basically by saying that breathing through your nose is way much better for you than mouth breathing. And I'm quite
I'm curious to track it and see if it actually reflects in tangible data because I also have an aura ring that I wear when I'm sleeping that essentially tracks my sleep metrics and my recovery. And I'm curious to see like over a period of two weeks to a month if there's going to be any change
in my sleep metrics and patterns. Interesting. We love the data collection on every single level. We'll be diving into these metrics as part of the show as well. So you said the breathing, were you not scared that on some level you would not have breathed properly and just stopped breathing in the night if you fell asleep?
I did Google on that if there is any risk or something that it's not like you use Duck tape to tape your mouth shut and if you have an LNG like me you're gonna just die and not wake up. That's exactly what I was imagining. So putting yourself in my instinctive
fear as well, but you also don't have to tape it horizontally, you can tape it vertically, so you could always open your mouth, it's just about helping yourself to form the habit to be a nose breather and not a mouth breather. Why do you think you became a mouth breather let him drink?
I think it's the allergies really because my nose is congested over the last weekend. It's also like when I start snoring typically and I like to believe you never snore but when allergy season is up I feel
a way less rested in the morning. So I don't know, let's see if this is going to be a quick fix or how it's going to play out. Well, we love to air this self-improvement methods as well. Are you considering any other types of tape if this one doesn't work?
I'm not going to use duct tape because otherwise there's really going to be the risk of one day I'm just not going to turn up to the show anymore because this is the way I exited myself. Yeah, we should talk about emergency strategies. We've never really, there's been a couple of times when I've been like 30 seconds, 45 seconds late.
you've been messaging me like where are you? What is your emergency strategy if I don't turn up? You've got to have one. I was actually thinking about that. You gave me like a good 80 to 90 seconds to think about that because like you had had phone problems or something before you came on. So I was sitting in your playing music and you know waiting for you to
show up. And I was thinking if you don't show up within the five minute frame, am I either going to take your script and introduce only myself and host to show myself where I'm just going to try to make an impromptu entertainment space is out of it. I didn't have enough time to form a final contingency
plan because you then fixed your headphone problems and dialed into a Twitter space. Yeah, I think we both need distinct emergency plans just in case. And I think that would be kind of fun to have an emergency plan because the show's got to go on. You can't stop me.
Yeah, equally we can just make sure that you're just planning the if I'm if I'm not showing up would you just hosted yourself and? Basically carry through the show or yeah, maybe I'm gonna because I like preparing for things I'm gonna write like a whole script of a 30 minute show where I can
I can have all kinds of different options for different segments to jump into. Maybe that's a good one. That's a good one. Probably my first instinct would be to hop to chat GPT. Figure out a solution on the go. Yeah, let's see. Okay. Well, that's enough of
these emergency plans. There's no real emergency. Actually, there is some emergency in the market at the moment. It feels like a lot of complete nonsense going on. So let's report on some of the nonsense, but also sidestep the nonsense a little bit because it's kind of annoying, frankly. So we are going to get into the headlines in the price action now, but just before that
If you'd like to contribute on something we speak about today, do request now. We will bring people up on stage throughout this segment. If you want to follow along the first slide of the snapshot pinned up top has the details. I'm about to share. So please do like and retweet it so we can increase our reach. So let's get into it starting with the price action.
So, Bitcoin and ETH seem to be tracking each other at the moment. They're both down 2%, so Bitcoin at 27k, ETH just under 9k, 8b/3%, which I'm always tracking. I think those staking rewards are reducing very soon, so that's down to 3.1k/3.
NFT volume is in total at 26 million, blurs at 13.5 which is down-attached, open seas fairly flat, about 5.6 million, top collections, board apps and crypto planks are flat, board apps are 45, crypto punks are just over 50, mutants up almost 2% in
9.7 trying to get back to 10 and the Zuki had a bit of a sweep yesterday up over 4% at 15.4. In terms of the headlines, the main thing I think that was revealed yesterday was you've allowed to reveal a constellations teaser where it looked like a bunch of partnerships
may have been revealed for the legends of Mara/Otherside ecosystem. I definitely saw one but I saw a bunch of people writing all kinds of other collections that they saw in the image which I didn't see. So I definitely want to hear what collections people saw in that image. Number two, Miss
Sadie's reveal machine collection, thought was pretty cool, such a huge and important manufacturer like Mercedes stepping into the arena. And number three, Reddit NFTs, which we've forgotten about for a while, there was a bit of a hype about them a while ago, it's been reported they've now searched past 10 million collecting wallets.
which is pretty substantial and the number of unique owners within those 10 million is super high. It's like something like 75 to 80%, which is really wild in terms of the numbers being onboarded over at Reddit. So, legendary, from those headlines, what are you finding most interesting?
Definitely the other side constellations announcement. I was exploring that picture a little bit, also was looking through the comments. It felt like a lot of people got their hopes up because on the top left of the picture, if you zoom in, I pinned the tweet right above. There is a shape that looks
like a moonbird and many people were excited about that but reading through the comments other contributors made the point that's in fact not a moonbird but it is a low-ven which in the lore is an other side pet so that's going to be interesting to see what
And also some very specific artifacts, like the Pickaxe, etc. being shown, which is kind of in line with the
the theory that we heard oftentimes that on the other side land a lot of people seem to be looking at the trade called sediments which a higher tier would mean that the plot is better suitable for resource farming the pickaxe is kindline with that so it's interesting to see all this
speculation around it just by the one constellation picture that others had met us, the issue was that it was supposed to. So just to take a step back for a little bit of clarity, I know you're super close to this way closer than me. So just for clarity, how closely together are tied like the other side and legends of the Marrake is this
This announcement said, while the ancient coders take center stage in legends of the Mara, allies will aid in the battle to fend other side against the shattered. So is this something to do with the other side, which is that virtual environment that everyone jumps in and has some big battle, or is this to do
with Legends of the Morrow, which is supposedly the strategy game, or is it to do with both? I think it has more to do with the other side, especially considering the big picture. As for right now, what we know about Legends of the Morrow is exactly what you
It is a standalone strategy game. It's also a persistent game. So as opposed to Dukidash, it's not going to be playable for like only a week or two, but it's going to be persistent. And what we don't know yet is if they plan to evolve the legends of the Mario game to be like more than the origin story of Mara's and
in this strategy game setting or if it will have additional game elements in the future that features other collections. What we do know about other side on the other hand though is that as a metaverse it was always planned to be more inclusive of other communities and reflect the entire
e-cousystem inside of it. So is that what we mean by? Because I think the thing that got people excited, hey, I think everyone saw it as a moonbird. So that's pretty, well, it's pretty, it's a shame for them that everyone who've got maybe got excited about it if it's the case that
it's not actually a moonbird, but I saw people saying that they thought they saw chimpers in there, they thought they saw a world of women. I don't know if people were just trolling, but I think the thing that made people think other communities might be involved was the second tweet in the thread where it said
It's a section called The Friends and it says you won't be going into battle alone voyages other side will be announcing alliances both with other you could profile picture collections and with a select group of third party P.F.P. collections to a list reinforcements into the legends of the Mahra battle what do you think about that?
I am not sure if there's something that's going to be available from the start if you know the results from the Legends of the Mario game will somehow tie into into the other side metaverse or if
There's going to be a way to participate in the Legends of the Mara game with those partnerships/partner collections. I feel on purpose worded a bit mysteriously so that we cannot make perfect sense of it just yet.
Yeah, I think that's probably fair. The thing that seems to confirm to me though, and whether or not you can see it in this particular image or not, the thing that it confirms to me is that there will be a select group of third party
profile picture collections to enlist reinforcements and to be integrated in some way. So it would be interesting to see, I didn't notice anything in particular, but if there was any price action,
as a consequence of this tweet, because that's the kind of thing that usually someone knows and there's usually some price action as a consequence. So I wonder whether
people might find that out early or maybe people even know that already there have been certain collections that have been pumped quite recently and had been performing pretty strongly. I don't know if that's in connection with this. What do you think about that?
Yeah, that's a very fair point. I personally don't think that we have seen any collection pump specifically around that because like even with and again back to the way that they stated it with the reinforcements, it could also mean that it's just something that
I don't know increases your capability to gather resources or fight balancing ecosystem because the previous stance of you go up was to say if you want to play legends of the mara you're going to need another deed and you're going to either need a code or a mara which
born from the vessels that you got to claim with every other deed. So maybe once we have more clarity and details on that and on how actively involved those partner collections will be that will reflect in some prize movement in the market.
Yeah, I think that's for, it's definitely interesting to see these two things collide and yeah have that other side and the legends of the moral game kind of come together in some way and they do write these tweets as you said
in a way which kind of leaves things open to interpretation as they probably figure it out themselves. But yeah, very interesting development. I think you'll be super important. We were speaking the other day about how it would be a really good implementation to distribute
your currency as widely as possible. And I think it would be really, really important for ape coin, which has actually been on the slide for quite some time now, for people to get integrated into the ecosystem and somehow incentivize with ape so that they need
need some of that in order to participate in the ecosystem. Because I imagine if UGLABS goes DMs a bunch of other projects saying, "We're looking for other people to be part of this. I can't imagine any project would say no and would almost sign up."
almost on not any terms necessarily, but I think they'd be pretty keen to be a part of what they're doing. What do you think about that in the sense of the implications for 8 coin and this idea that I've had of wanting to distribute this as widely as possible?
Yeah, I mean that makes perfect sense like one thing is building token things and a wide wide ecosystem of games and The metaverse we can use ape but also partner up with other collections and it's also something we've seen with
with 10KTF, with even seen with, you know, a fashion retail or a high-end fashion like Gucci, etc. who are already accepting a vasopayment token. So it's definitely in the best interest to have as much as for white
use case in multiple communities for the token itself. Yeah, exactly. Okay, so that's super interesting. We're definitely watching that closely. Was anything else from the headlines that you like the idea of?
Reddit and FT's past 10 million collecting wallets is big news. Even before they hit that number, reddit unborted already more people to NFTs than OpenC did in its lifetime. And that is pretty amazing to see and it's also pretty interesting to see
If there will be a spell over, a stronger spell over, into "hour" and "ft" community coming from sources like Reddit and also coming from these massive players, I had another thought this morning about Amazon because
beginning of the month, there were like a bunch of threads on it that Amazon's going to launch a marketplace. I think it was supposed to be on 15th of May. They did postpone it a couple of times. I think now rumors have that it's going to be sometime in June. It's also going to be a very interesting constellation.
to see if some of the most used and visited websites in the world like Reddit, Amazon, etc. will have a spill over into the core community of Web 3 and NFTs. Yeah, that will be interesting to see. I've got a slightly controversial take on this stuff.
where people talk about mass adoption and being positive that so many people have been on boarded. My take on this now is that I don't really care about onboarding because onboarding just happens over time if something is good. I kind of equate this to
you know, once upon a time when the internet was just starting out, where people really saying, right guys, we've got to go and get these people online, we've got to get them onto the internet so that we can do something with them. Like, I just think it's not something which is, it's necessary to be concerned about which some people really seem to be in web
They're like, "Oh, we got on board. The next generation, we got on board, these people who will not be on boarded otherwise." And in the end, like, if the tech is good and it's as important as we say that it is, they'll get on boarders. Like, there's no need. There's absolutely no rush for them. Most people aren't
you know, addicted gamblers to things and they don't need to try to buy like an asset especially from you at an inflated price. So, you know, will they get on board into Web 3? Almost certainly right because that's the thesis and we believe that to be true we see this underlying tech as super important and relevant.
But it doesn't matter when people get on board it. Like it's going to be like the internet. It will happen. It will just take them along. Well, my grandparents are on board it now onto the internet. They don't need to get on board it to Web 3. If they ever need an NFT at some point, it'll be integrated in a way that they'll never know about. And they'll just do it like that. What do you think#
I agree that's a very fair take and it's also pretty early for massive option. If you're a web to use a game where you get on point to web 3 right now, there's nothing you can really do from your traditional perspective. If you expect to play fully fledged AAA game or something,
building those inside our community. We're all excited for new relapse building the legends of mara and other side experiences etc. But it's something you know we get hyped and we love to look at a picture and study potential implications of it but from a perspective
of someone who's used to actually play games in their quote unquote regular web tool, it is certainly less interesting to be fully on-boarded right now than as you say it's going to be the case sometime in the future when this process is going to happen naturally and there will be a lot of experiences
a lot of stuff to do in the world of Web 3 for everyone. Yeah, exactly. My main question is probably something like, "Well, I'd love to go back in time to know if the ad bent of the internet were people going around saying, 'We've got to onboard people, we've got to onboard people.'
And if they were, my question would be why? Because if my opinion is just that if the technology is so good, if the product is so good, people will come in time. So what's the rush? And I get the sense sometimes in this space, the reason why people want more people so that they can just sell
more stuff or they can buy more stuff from them at a higher price. And that's not the purpose of onboarding. The purpose of onboarding is for you to get involved and think that, you know, to find your own value in the space in the way that the internet
So I don't know if I've opened up so many new avenues for people and Web 3 will do the same. I just don't know that the people wanting to rush that process to get people involved to buy, I don't know, a piece of art or anything. I'm just not sure that's necessary.
Yeah, you're making a very fair point on that. Like I remember and you certainly do two of the times when before Coinbase launched their NFT marketplace and everyone was ecstatic about that and everyone was tweeting. Finally, we get our exit liquidity. Coinbase is going to bring the masses of centralized cryptocurrency users and we can
thinking I was actually looking around being like what NFTs can I buy purely for the purpose of selling them to other people as they all come in to Coinbase. It was a pretty ludicrous idea at the time but I guess I wasn't experienced enough in the market to have figured that out then that there wasn't going to be this
lot of people coming in. But that was definitely the overarching narrative. So it was very good that you brought that up to remind people that when people are getting over excited about mass adoption or a new inflow of people just to be cautious of the reasons why people are saying those types of things.
Yeah, 100% agree with them. Right. Very interesting discussion, getting a little bit deeper. Let's move on into the overvalued undervalued segment where we evaluate some notable sales from the last 24 hours. There were a bunch of notable sales today.
but I've just picked out two for us. So we're going to throw it straight to legendary and then with you agree with his opinion, like see a thumbs up and if you disagree with his opinion, like see a thumbs down
This is on the second slide of the snapshot pinned up top. So if you want to follow along you can see it there. The first notable sale is the 6529 Gradient at 19 ETH which is $35,000 legendary.
What is your opinion first? Do you know the context about this as you form your opinion? No, this would have been my initial question. Do you have any any context or any additional info for me? Okay. On the grade and collection. I can. So as I'm explaining this, if you have a take in the audience, feel free to put your hand
your thumb up if you think it's overvalued and down if it's undervalued to try to sway legendary while I give the context. And so the 6529 gradient is one of not many pieces in a kind of distinct 6529 collection. It's separate to the mean cards
It's separate to some of the photography that he's done. But the key thing about this became that it got a, it gets a mint pass for free and guaranteed for every single meme card that comes out. So obviously the meme card ecosystem if people are not familiar.
are these cards that the 6, 5, 2, 9 collection partners with the top artists in the space they come out Monday, Wednesday and Friday, every single week, allegedly forever. That's their plan. They plan on doing it forever. And there was a point in time at the start of this year where the ecosystem was completely on fire.
If you had a mint it was basically like paying 0.065 to 9 and then it would be worth like 0.7 immediately after and you could do that three times a week. But the whole point was it was a little bit of a Ponzi in the sense that you have to hold certain cards in order to get the next one. So it was a little bit of a
game like that. The musical chairs kind of stopped a little bit later when the whole ecosystem got so hot and too much speculation took place. The whole system kind of came crashing down where now things are far more, far more prices are far lower
So these gradients were going at 1.430 something ETH, so much higher than this when the value of the meme card jobs was higher. They've adjusted the supply now and things have kind of cooled down. So that's your context, legendary. What do you think?
With that context that you provided in the last couple of sales that we saw, I would say it is slightly overvalued.
I don't know. What's your thinking? I mean, you mentioned your perfectly right. You said there were a couple of higher sales. We've seen even some with the white background selling for as much as 50 or 55 ease. But with the with the mechanisms that you just described and also with the last sale.
some of which were at 1618, 19E, the current best of 12E, I would say it's not the best bargain or not the best deal the person could have made so hence it's likely all of valid. Fair enough I see what you mean they definitely had to
a big adjustment in the meme card ecosystem. In season 2 they started going with some higher supply cards and that's meant that a lot of the season 2 cards are very close to mint price which obviously people always say well okay we're not fussed about that blah blah blah blah but deep down
Everyone is always paying attention to that. No one wants to buy something and see it either go down or be exactly the same. So they significantly reduce the supply for season 3 to the point where now you can take it seems to be the case that you can mint a card and it's typically worth a touch when
more than that, and straight after. So yeah, definitely worth checking out, worth having a look. Interested in the audience to take, if you think that that's a good buy, let's see if thumbs up, if you think it's a bad buy, see if thumbs down,
I don't know how much, obviously that context is helpful, but maybe people are not super familiar with the mean card ecosystem, confusion thinks it's a good buy with thumbs up. Yeah, I've definitely liked a couple of the pieces there, Tempest dropped to piece yesterday or a couple of days ago, which is
really cool and there's a really nice DK motion GM card which I actually really want it's about 0.25 perfectly encapsulates the feeling when you just go around GMing all day in the mornings so definitely some nice pieces in that collection some other notable
cells which will just run through quickly before we move on to some additional news from around the web3 space. If the denser a red for denser sold for 58, which is $108,000 and then just a very recent set of cells we talked about Opepe and
yesterday but there was one wallet which spent 60 E on 8 bats Opeppens and the Opeppin draw price is 0.90 and so there was a whole variety of sales they were going from between 5
5th, there was 1 for 9th, there was 1 for 11th, there was 1 for 14th. So again, this is just reinforcing the Jack Butcher. As we said yesterday, he has made non-fundable tokens, non-fundable again, even within the set of OPPENs.
within the BAT set there are people buying different BAT editions of OPEP and for wildly different prices. The lowest one was about 40, the highest one was at 14. So this is within the OPEP and ecosystem. Did you have any other takeaways legendary on that before we move into the next section?
Yeah, it's pretty interesting to see especially after the context you provided yesterday on how the drops work to have someone basically buying a significant number of them and Also like what I still find fascinating especially after I understood, you know the column
context that you've given on it to see the unrevealed floor being multiple times lower than the revealed floor, which makes for a very unique mechanic. Yeah, definitely. And it will be multiple. It could be multiple's lower of some of the revealed floor, but not all of the revealed floor, right? Because some of the revealed
field floor will be bats editions, some of the revealed floor might be another artist editions, some of the revealed floor will be a different collaborations editions. So it really has completely changed the dynamic of how people will collect and yeah look if there's one wallet for example absolutely loves
that's going to come in and buy all of them, then that creates huge scarcity for that one particular segment of her patterns which might not filter across to everyone else because they're just a fan of that one particular artist. So really, really significant implications for the dynamic. The question is, just can it sustain
And can, yeah, will this demand for things continue by the future collaborations and will the people who are collecting these ones so passionately now have the patience to just hang out for the next hundreds of reveals?
Absolutely agree with that. Okay, let's move into the discussion part of the show. I'm just going to start us off by giving everyone 10 more quick hits from the snapshot pinned up top so we can have a chat about any of these topics. I remind you, if you'd like to contribute on something we talk about, do requests now, legendary wall,
bring you up on stage if you would like to discuss anything. Number one, Hong Kong and UAE to collab on crypto regulation, we've been speaking a lot about Hong Kong over the last few days and how they will be opening up to crypto. UAE is also known as being super friendly
Number three, Nansen cuts 30% of jobs. Lots of people in the industry are having to tighten their belts at the moment. So, interesting to see Nansen do that. Number four, Luxrae announces token buyback and board ape raffle. I think that raffle might be live, so you want to go and check if that's available. There's a king board ape up for raffle.
probably worth participating if it's free which I think it might be potentially so you've got to have a double check that and find the I don't want to spend too much time on this stuff because people are getting scammed left for in center the moment it's kind of boring but there was a cancer claim which was proved false and an influencer who recommended some
person, then it turned out that art was a scam and stolen and then Zack XBT announced it. Basically people are scamming people more. Don't send it to some random person on the internet please and it won't be there for it's your fault for sending a number six more positive news. Create a corner Jack but you're
releases a short film with Zora. I've booked my list because I want to watch it because I'm a big fan of Jack, but also just for your information, there's a little collectible link underneath this link in the snapshot so that he did say it's only for collectible purposes, don't expect it to do no weapon, but there is a
little collectible of the film underneath the link you can find it up top in the snapshot. Number seven, third guy releases behind the scenes spaces content. I love seeing this kind of stuff because all of us who are involved in the media or creation and I just love seeing how people go about their business. I want to chat with legendary about that
Number eight, Chimper's approach 250,000 in-staff followers. I think that's pretty nuts. I know Puggy Penguins get a lot of love all the time as well as beans maybe for what they do outside of Twitter and our echo chamber. Chimper's pretty much crushing it across the board as well. OSF announced as the next rare pass drop. That's the super rare
pass which gets you a free piece of art every single month and finally Sapis Hills founder web web web sorry I don't have to pronounce it and as the next member of N.F.E. inspect council we've spoken about that a little bit yesterday so that's cool to see them building out their their council in that way. Legendally what's your what's interesting you out of these
For me, the most important news is the coordination between Hong Kong and the UAE on crypto regulations. As you said, we've spoken about Hong Kong before as a special administrative region of China. And also, in a way, China's call it regulatory playground.
where they loosen up the crypto regulation where they will allow for trading cryptocurrencies assets and ift's but seeing those two countries align and actually working on quite a lot of stuff including
a product that they already started working quite a while ago called EMBridge, which is a blockchain that supports multiple CVDCs and aims to, and I'm quoting from the other call, "Tactual limitation of today's cross-border payment systems is a very, very good
move and also additionally I am thinking if you have Hong Kong and you have the UAE who align on regulatory things and have a similar regulation that is transparent to users and to citizens. It also fosters like inner
international companies, Web 3 projects, etc. because they can be headquartered in multiple places then they can trust a similar regulation and it just makes sense in the light of wanting to foster easy transparent cross-border payments
wanting to use CBDCs where both the UAE and Hong Kong China have plans on it, even though China is way more advanced in the development of those than the UAE are right now. Building this common regulatory framework or at least coordinating on it is a very
very powerful site to see my opinion. Yeah, I agree with you mate. I think it's a real punch in the gut to other people who were formerly leaders and forward thinkers and the people who made the big decisions in the more traditional western places to see
that there's this real coalition forming outside of our areas to try to bring some clarity for people involved in crypto. So I think it's really positive for them because they're going to attract a lot of people
people. I just came back from Dubai and had a few conversations there with people and it seems to be a really positive place to do this type of business and if you contrast that with the general experience of anyone certainly operating in the States, maybe in the UK it's slightly better, it doesn't always feel that
way but it's probably better comparative to the states, definitely not great in Europe as we discuss the other day on the show with the AI Act even for example and some other crypto stuff going on. But yeah it's a bit disappointing, well it's positive for these places, it's disappointing again there for
like we're lagging behind. So it's definitely worth watching to see how these these these two nations coordinate. Do you think, legendary, that the Europe, the UK and America, even if they do do things, it will have to be
something bilateral and there'll have to be agreements between nations or do you think the states would just keep doing so and thing? Because it seems to be the case that Hong Kong, you know, these obviously two very distinct jurisdictions, if everyone else starts to band together, you know, is that something that other people will want to follow?
That's a very interesting question because with the EU we've seen a very clear framework with the MECA regulation, the markets and crypto assets, which regulates exactly what it says, the markets and crypto assets, but is really focused on customer protection, which is very important.
transparency, etc. Whereas it seems with that coordinated planning of the UAE in Hong Kong, it goes beyond that or it has a completely different line of thought in mind, which is not primarily how do we regulate this in our own territory.
But more so how do we regulate and how do we design cross-border transactions cross-border structures and I think this is a very very important you know and very valuable approach to it and at one point that will have to be some kind of alignment between
something like the US and the European Union etc. as we also see in you know traditional finance and accounting with IFRS standards and other things regulating accounting standards you know beyond the territory of the European Union and really having
global companies, global corporations in mind when it comes to that kind of regulation. And it's again very positive to see how fast and how far Hong Kong and UAE are already in this process. Yeah, I agree. Very good. I want to definitely get into now this Nansen news.
It seems to have lagged some of the other tech companies making cuts a while ago. I'm just going to read some parts from the full statement by Alex Spernabic, who is the CEO. He said it's been a tough day for us at Nansen. We announced a reduction of our team by 30%. We'll have to part ways with incredible people who've been contributed to Nansen with hard work, hard work, intelligence and
And they basically said they overgrued in the last few years and this year has been completely brutal for crypto markets. One of the things I wanted to reframe this as someone and as all of us are constantly on the internet trying to figure out being quite entrepreneurial, trying
to be opportunistic about things is that I think one of the things that companies are needing to do who have overhired is cut these costs because internally you have to pay people, you know, reasonable high salaries and got all other costs involved with having people permanently on the books. I would want to flip this and say, as
independent creators or people on the internet. There's a huge opportunity here to look closely, or this is what my thinking was, to look closely at what, at which companies are cutting, what areas they're cutting in and figure out, like, am I a, am I a freelancer who can
still offer them something which they clearly want to do. They clearly want to have access to some vertical in some way. They just can't justify it at the moment at the cost in terms of a permanent revenue stream. Is there something that I could kind of plug the gap for them in a less formal way?
way and maybe in a better cost than hiring someone permanently. So my thinking was, you know, I run various verticals in terms of the media and that I suspect one of the first things that people will cut is content when they need to cut costs and it's like, well, okay, very
enough as a company you might have to be skating back in various ways but is there a way that I or someone in my position or maybe many other people in the audience might be able to fill this gap for you? Maybe you know you don't need to pay me however much you need to pay people for a whole year
And there might be ways for people who have a bit more opportunistic and entrepreneurial to be like, "You know what, we can cut a deal for a couple of months, see how it goes. I can fill these gaps for you in the meantime." What do you think first on the news that they have to cut? And secondly, on this kind of entrepreneurial idea?
have a couple of thoughts on that. So first of all, I very much like the transparent statement, the reasoning, the explanation that Alex from Nonson did on this. This is always good to see. Another aspect is jobs in Web 3, TIPPY
I have a look at Web3.Corea, where there's currently more than 30k blockchains jobs in Web3 listed. They do pay more than industry standard. I think this is factored in the volatility of the job market in Web3 because you certainly don't have the same level of job security.
as you would have in a traditional environment. So there's that. And the second part of your question, the entrepreneurial part, can you repeat it maybe once more again? Yeah, do you think that it's a viable strategy for entrepreneurial people on the internet like myself and then many, maybe many
others in the audience to look at the companies who are cutting and think, "Well, okay, they've had to cut X amount because they can't afford it on a permanent basis, but they clearly want to be in certain verticals. So is there a way for me to plug some of those gaps on a more informal contract?"
Yeah, that's certainly one way to tackle it to see if you can form a kind of temporary partnership with them on the one hand and Once you know the market gets better the outlook for the companies starting to look more positive again that you then can align with them in a more formal role
Or also on the other hand, what you can do is always take a look at the companies that aren't actually hiring and see if, you know, not looking for a job and joining with them, but see if, from an entrepreneurial perspective, there's other ways in how you could align and partner with those companies.
So I think both strategies are legit and valuable in their own way.
Yeah, I agree. I think it's something to keep on top of and I know from experience that doing this stuff solo is pretty hard and sometimes the difficult thing in general is not to produce content. It's finding the right
partnerships and getting the money coming in eventually. So that's the definite hard parts but if you reach out to people with a good value prop there's always a chance. Particularly, yeah,
in times when people, you know, there's clearly, they're in the state of flux, I think at Nonsense. So clearly there's a bit of a change. They're probably looking to reorganize and re-shift. I think that's always a good time to just check in and see what the situation is.
Very good. I want to talk a little bit about the Thread Guy behind the scenes space content. I just really enjoyed this video. From a creator perspective, I loved seeing behind the scenes content. Did you watch it, Leadinger?
Unfortunately, they didn't have a chance to watch it yet. So he just goes behind the scenes and is like showing what he does when he's on spaces. And it's quite professionally done. It looks really cool. And I just love this kind of content, which A, as a creator, you can produce super easily because
You're not creating new content, right? So it's like you going about your business and then someone recording you and Producing something off the back of what you're already doing and Be I'm just always fascinated by people's creative process like
Yeah, absolutely. And it's something that you have been doing before when you share how you create the snapshot, mostly comfortably being in your bed with a set up of multiple iPads and laptops and just working on it.
Yeah, I mean that's just complete fake news. So there's not not the way the cookie gets made almost ever. It has on two occasions. I will give you that two out of. I don't know how many snapshots. I'm actually standing up today. I'm on the standing desk. Are you ever standing up during these shows?
I do have a standing desk for the intro part before you get into the first news section and the market overview. I am standing and at some point I'm just sitting down. Are you standing like throughout the entire show or walking around
around or are you switching? No, I can't walk around because I need to keep checking things on the screen. But in the thread guide behind the scenes thing, he's like walking around everywhere, walking around the whole way through the apartment.
Just sitting down checking on the computer, just walking around again. I'm a bit stationary, but I am standing up. So yeah, it's very interesting to see these processes. I don't know what the best one is, but yeah, I guess we're figuring it out as we go.
Yeah, absolutely. I probably will get the Apple mixed reality glasses, the headset, and if I have the mixed reality mode on, so I can see my apartment, I can also see OpenC, Twitter, and all the other data I need. I would definitely be that kind of nerd who has the glass.
Yeah, I mean, they will be probably announced at the, what's it called, the WDC, the Worldwide Developers Conference, starting next Monday. I don't know about the specifics of the prize. I know there's been a couple of rumors and specifications that were leaked, but
I do know on the topic of mixed reality glasses that Oculus with Quest Pro I think is the name of it has a mixed reality headset and it is pretty fascinating. I have a regular Oculus at home but I also tried the mixed reality one and basically imagine if you're like in your living room
room and you can choose a designated wall in your living room area and change that into being a forest or a beach or whatever kind of landscape you have in mind. So you're in your living room but like one part of it extends into a
virtual forest that you can look into. It's pretty weird for us to time you do it, but it's also very fascinating. That's super cool. So when we finally do get around to showing up behind the scenes content, it won't just be behind the scenes, but it'll be like behind the scenes AR version.
Yeah, absolutely. I like all these kind of virtual reality applications and mixed reality if you think about in terms of gaming like once your own apartment or something becomes part of the game will be will create a complete
different level of immersion. Yeah that makes sense. That's super, super interesting. I'm going to keep an eye on that these these goggles glasses thing whenever they do come out pretty soon. But guys this has been a great conversation. We are on
Unfortunately running out of time, this is a show, so we are going to wrap up now. Thank you, legendary for co-hosting and a little bit of fake news as the show went on and this, all the perspectives in general.
this future looking glasses information. Thank you everyone else for joining us. It's been great to have you. I'm excited to spend your precious time with us today. We see and appreciate you and we hope we can do it all again with you tomorrow. Have a great day.
I don't need to say too much
I call it over if I drink some much yeah, if these niggas would over all that