Do you want to kick it up?
I've been drinking that is looking at my sorrow She wanna kick you like messy, she be tryna text me I've been the same since a day that you love me Now I'm on top of it, we've been in a taxi She been playing games, those scrimmings, how to test me, we gon' deal with it
She just want to call my phone I ain't cooking dog love I want answer she said she'll be over she had like a cancer Tell me baby, what are you trying to do? I've been outside with some more Look into my eyes and you're in that situation you want to kick your love on the heart
I've been drinking down this lake and my sorrow She want to kick you like messy, she be trying to text me But I've been insane since the day that you left me I'm on top, I've been whipping in a test She's been playing games, those scurvy sound of tips You want to kick you like Ronaldo
So I ran into the street on my money car, though, Pigsless me on even got a car, though I've been drinking down this lake and my sorrow She wanted kick your leg messy, she'd be trying to text me I could've been the same since a day that you let me out on top of it, I've been in a taxi She'd been playing games, those scum and trying to test me
Feel like what we have was different. It was caught up in each other. As I should have seen it different. It was caught up with another. I know I'm daily away. I know I'm gonna recover. I've got to come and lost the room. I've seen just got myself in.
I was done, and you weren't the one that she was all over before every time I was shit-wanted something and something I like always forever was sure like I got so long and so we made the game so long that I'll need you my friend so long and you'll be in the band
I got voices in my head and in me things Trying to inside the ball and find them I liked it, I tried to find it Now we talk and I think that he's my friend, y'all
I know I always regret what you did to me but it was meant to be. I'm so long there see one other side feel your downward to deal you can never hide. I finally feel how I feel being that inside and all I gotta say to you is forever goodbye.
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.
how to make money by leveraging the internet and the latest technologies. My name is BCHECK, I'm a UK teacher and lawyer. I trade NFTs, I collect NFTs, I write about NFTs and I am the author of the snapshot which is pinned up top and goes out daily on Twitter and one time per week in newsletter form.
I'm joined by my legendary co-host Legendary, the OG NFT collector, the AirDrop Extra Ordner, and one of my best friends in the space. Legendary has been navigating crypto since 2016. That is a long time because he's a pretty old guy these days actually. Finally, as a reminder, friends, nothing legendary or I say here is financial advice. This modern market is exceptional.
well. I was doing pretty well until you stopped with your intro and now I feel old again. Yeah, I think I like to try to put that in there to remind you that although you are younger than me, it's not by much. Significantly younger, I'd argue. It's not by much, so I think there's a bit of a closer gap. There's a closeness in
now age. There's a bit of a gap between us. I put you in my bracket, you see. I put you in my bracket and these younger influencers are types of in a different bracket, whereas I think you might be thinking that you're like, you're closer to them sometimes. What do you think? I am absolutely closer to them because I'm younger than you. This is how the
Matt worked behind that. I don't know if that's how the math worked at all, actually. I think the math is the math. Yeah, how you doing otherwise? I'm pretty good. I finally booked my flight for NFC Lisbon flying out next week, I think, on the 6th of June.
Before that this weekend I'm actually going to go to Prague because Prague has the blockchain week as well and on Saturday there's going to be a huge slash D-gots meetup that I would love to join and it's a pretty short train ride for me to get there and after that I am off to Lisbon. I actually also started this
designing a couple of custom t-shirts featuring my merch and some of my branding design that I want to bring there to be recognizable for my talk. So I'm pretty excited for that. That's pretty cool. What kind of decision-making decisions do you
made with regard to the the the merch. Is it going to be yellow or purple and you could be head to toe and yellow and purple? Are you going to have a yellow bucket hat? Is the question. I'm still I'm still hunting for the yellow bucket head like for real I want to have one. I feel like this is a very distinct element of my branding.
That's the real essential thing man, if you don't have a yellow bucket hat, if you're serious about this personal branding, you're gonna have to get the yellow bucket hat. Absolutely, I'm very happy that you just say to get the yellow bucket hat and you don't want me to show up in a full hazmat suit in Lisbon with 30+ degrees because this will
be an overkill. Yeah, maybe. So what decisions have you actually made so far? I guess you haven't found the bucket hat yet. You haven't got the hazmat suit. So what have you got? I do have custom t-shirts that are designed and I am hunting for yellow bucket hats. This is as far as I've gone so far. That's pretty fun. Just a quick question.
What are we going to do with the show? We're going to have to work around all these various commitments. We're still good, we're still a little bit of admin at the start of the show. We're still good to run it all the days, right? I think we're still good to run it. I think my talk is a bit later than that. My talk should be like a
four or five ish so we should be good to run the show on every day I think yeah. Excellent no excuses absolutely no excuses so that sounds good if anyone in the audience does know the contact details of someone who can provide legendary with that yellow bucket hat please get in touch
with him ASAP, his DMs are open for that type of information. A million and millions of Pepe for that. It's a niche market. You can corner the market very easily. Right, this is a new social. So let's get into the headlines and price action. But before we
do that. If you'd like to contribute and something we speak about today, do request now, we will be bringing people up on stage throughout this segment. And if you want to follow along the first slide of the snapshot pinned up top has the details I'm about to share, please do like and retweet it so we can increase our reach. So let's get into
it starting with the price action. Markets are green a little bit at least. Crypto Bitcoin is up about 3% almost at 28k. ETH is up up over 1.9k again about 3%. 8th is fairly steady at 3.27. NFT
volume is a total volume is a 26 million, blur is down about 14.4, opens is down a touch at 5 also and the top collections fairly flat, board apes are at 45 still crypto punks, touch down at 50 mutants when
knocking on ten eighth door and now it's dropped to touch to 9.3 and a Zuki fairly flat at 14.4. In terms of the headlines, I've got this OXBT coin which has done a hundred X from Mint. I understand we're going to touch a little bit on that with Legendary and I think Cardinal has some details on that.
to Canada reveals digital dollar plans claims to respect privacy. I always want to keep on top of what the various countries and continents plans are with respect to the digitization of money. And finally, Nakameed goes surge with Ben.EatBies.
up about 40% in 24 hours. I'm not sure if this is a pump that's going to sustain, but we'll talk about it. I think he's done another pre-sell. I think that might be the case. We'll talk about that in a moment as well as well as getting into all the other news a little bit later. But starting with those headlines, then, really, what is taking your interest?
I mean, first and foremost, OXBT, I did make a commitment to not write about ordinal, also BRC20 tokens in thread form, but I guess I'm still fine to talk about it on spaces. I think it's clear that Bidgot is like a master of gathering attention up to 130K
followers accounts being created, I think in March this year. I did speak to BitGud on spaces before with WalesWooosh and we did talk a bit about the broader adoption of, you know, ordinals and the BRC20 ecosystem in the Bitcoin community itself and how he sees
that going forward. So they absolutely managed to capture the whole timelines attention. They did have the token sale in three phases with the snapshot claim, the white list claim, and the public mint which made a lot of sense, which also made sure that they have the largest distribution
in terms of holders compared to other BRC 20 tokens. So I feel like this set a very, very good foundation for the token. The question now is, you know, what they want to build around the token ecosystem and what the next steps are. That is super interesting. So
My understanding is that yeah, so they've got this really wide distribution then and it seems like there's a lot of influences or people of that nature involved. Is that fair to say or 100% like if you look at NFT inspect, you have
You would have Bitcoin on top of there, but Bitcoin doesn't have an FTP. So he isn't tracked, but you have Shah who is also narrating that OXBT and BRC20 story in the top five in Global Reach. So definitely a very, very strong community of influencers who manage
to capture all of that attention. Okay, interesting. So that's always something to be either cautious of or wary of or just to have a think about as you think about in terms of the distribution. One of the questions I had for you offline was how do we get this thing? And I don't
expect you to give us a detailed technical explanation now, but can you summarize in some way like is it an easy process? Is it a difficult process? What makes it easy or difficult? I mean it's not the most trade-try process if you're just you know used to trade on
one blockchain whether it is Solano or ETH, but if you set up your Xverse wallet and you already have a couple of marketplaces, etc. to trade that, it has a bit of a learning curve to onboard, but nothing you can't handle within a couple of minutes to one hour to be onboarded and know what you do.
There is actually a very good thread on that by no surprise bit God which I'm also going to pin in the spaces in a moment. Okay, that's super helpful. So just in case anyone is interested in diving in more in the snapshot or ledenities about to pin it up top as well as it being.
in the snapshot in the comments if you want to figure out what on earth is going on there. The final question for you, legendary, then, Kodna, I wanted to come to you to see if you had any further contributions on this. What is the broad take on these, you said you were in the spaces with Bitcoin and Wells Rouge?
consensus or broad take on this BRC 20 ecosystem? What's your view? My view was that initially the Bitcoin community was like Bitcoin is not East, it doesn't have the smart contracts, it is
a hard currency, it's not there to build an ecosystem on it. And also obviously by the increasing transaction load, Bitcoin had a couple of transaction issues that also led, I think it was two weeks ago, to Binance stopping withdrawal
and processing withdrawals and Bitcoin. But I feel like with more onboarding of users, more tools around that emerging, and also certainly the higher the pressure is going to be because the increased transaction loads, the more willing people will be to
to work on solutions for that and grow the ecosystem. And I think that the initial resistance is something that was to be expected. But it also fosters innovation and fosters in a very same way. Like, you know, we've seen a theorem move to prove of stake. We've seen a theorem still in math
When transaction throughput goes, a number of transactions goes up, and the throughput stays the same, and fees go up that the priorities on working on sharding and other scaling solution increases. And we might see a similar effect in the Bitcoin ecosystem, although it is a
significantly more difficult to develop a bit kind of the same way as ETH because it has a completely different tech stack. Okay, that makes sense. Conno, did you have any gaps to fill anything that you thought was particularly interested about this
I know you were on the right list and managed to get involved. Was it an easy process? How difficult was it to get involved? And then what do you think is interesting about it? Yeah, so yeah, thanks a lot for the introduction as well. And yeah, great intro to the show as well, Beachack. Yeah, I was again pumped out with a start. Yeah, so
I was lucky enough to get on the white list through a friend of mine who not so much knows, but I met him at the ordinal's meeting my army. So these sort of person to person touch points are always handy and if you know somebody who knows somebody as without anywhere in the world really, it does benefit
So yeah, I was on the white list. I didn't really know too much about it. I've sort of dabbled in, uh, ordinals before I minted, not minted, I own some Bitcoin punk, sub 20 case inscriptions, which are pretty low now at the time. They weren't deemed massively low, but now they're incredibly rare or sought after.
I was put on to this by a good friend English. Some of you will know already. He's got used to PFP, sort of bounces around and you know he's getting into the the ordinals, Bitcoin, so ecosystem pretty heavily. So anyway,
me on to this, as legendary said, the rise has been pretty like Meteor. Meteoric from that profile, how many followers he managed to gain and how much influence in the space or definitely that sort of sector of the space has been able to sort of get in such a short time. There may be sort of like
So, you know, mode of software and I, if you want to call it that is to like onboard more people to Bitcoin and through this sort of a exp team, if managed to do like 5,000 people and think of onboard it a bit kind and it also, you know, because of that, obviously the miners who do Bitcoin have been able to get fees as well, so sort of every is happy about the laser eyes.
argument we've seen sort of play out over the last few days. But in terms of minting, like I say, it was on the white list. The white list got 3,000 of these OXBT BRC 20s. I didn't really know too much about I minted my 3,000. The price was up 75 cents. I think what I minted up, so I left on as a
free mint, which is obviously pretty cool. The price then plummeted all the way down to, I think, was 0.03 and then the public mint opened. I didn't so much fade in that I did want to mint, but it was like three in the morning for us to be checking the UK. So I did fade in. I think that it was like another 3000 or 5000 per each
public min. So I left that again, it was a free mint, lots of people minted and then obviously you see the price action rise since then and you get the old, you know, what's it called, eternal regret or infinite regret as a Zeneca would put it, why don't I stay up till four in the morning and mint it, but you can't mint everything. But in terms of, you know,
How do you use it? How does it is pretty junky in a minute? For anybody who wants to play with PRC 20s or other recommend download in an expert wallet, obviously go to the official Twitter page and click through the links there for download the extension. Once you've done that and you want to trade them, you need to get a uni sat wallet or import your expert wallet onto uni sat
marketplace and then you can buy these BRC 20s. But I'd say it's a bit junky and if you want to sell them you need to inscribe them and if you inscribe them and then you need to pay a fee to sell them. So it is getting there slowly but I say slowly it's getting there but it's getting there pretty quickly from where it was you know months ago but I won't ramble on too much but yeah exactly and stuff#
Thanks so much, man. That's really, really helpful. My main takeaway from an explanation like that is when people say things are like slightly janky or the user experience is like slightly annoying, my mind always goes straight to the idea of like, okay, that means there's some opportunity that I'm not saying it's with this particular token.
But usually when there's some kind of barrier to entry that 90% of people will be too lazy to overcome, then that makes me think, okay, it's probably worth investing some time at least to try to figure out what's going on just because in some
sense the pool of people playing in that ecosystem is smaller, which means that although there's less demand, more people will come in, the demand increases, but there's kind of, it almost means there's less sellers as well, because you've got people going in who want to buy, to play around.
and there aren't as many people there. That lack of user-friendly experience always makes me think of the opportunities. The public meant sorry, I did go on for quite a bit of time as well and it was an opportunity for everybody in this space with five minutes of work and how to set
up to mint these tokens and from the public meant, you know, which is free, they went up to nearly 30 cents a day. So the opportunity was there. It was the very same with trading ordinals in the beginning when we had only over the counter trading. I was in discord. I remember trading trekked by lines
It wasn't even clear at the beginning what inscription number they are, or which of them are under 2k because some of them were available on eith, but you had to access a Google Doc, you had to find your Ornall and the spreadsheet, then you would know what inscription number it is, and then you had to figure out how to get a deal done for it.
And a lot of people were fading it back then just because of the complexity and it's a very similar pattern we are seeing right now with BRC 20 tokens and everything else really that's happening in the ecosystem. There's of course the equivalent of EMS domains that we've also seen then there's the stamping process with an S/A
So there's a bit of an entry barrier, so it's definitely a time advantage if you own board before others do and before it gets more straightforward. And despite the entry barriers, we still have more than 25k holders I think of OXPT.
Yeah, really good points. I want to move on to the next section, but let's go to Jags first. You've got to check out his videos. They're really awesome. If you're looking for anyone doing video related content, really great short form stuff. Jags, what's up, man?
Thank you brother. Thank you for the shout out man. I loved the intro man. You are a professional with regards to inter. The reason I raised my hands up bro, I wanted to sort of eat those but legendary said I think when we've seen the Bitcoin ordnance first came out we didn't have as much of information as we had about this BRC 20 token and it all
goes down to their marketing the way they market it like they went to all the influencers that you all knew that right but not just that the orange army the the the ban is on Twitter and the threads coming out of the influencers and every other person was making threads so a smart sort of marketing from them but being trusting to see
When it comes to the sustainability of the ecosystem and the coin be interesting to see and coming in the near future where it goes But I'm marketing was smart like they nailed it down like pretty well and when it comes to as allegiandry said 20,000 5000 holders It's a massive success for like brand new sort of long
and amount of information they shared how to maintain everything that was pretty like impressive. Completely agree, man. There's definitely been a disproportionate shift of attention towards these kind of thread writers or short form content producers and they seem to have got the right people on board.
Let's move on. I just wanted to give people an opportunity. I wanted to say one thing on the Canadian digital dollar plans, they seem to be doing some sort of public consultation on whether they should have one, whether they need one or not, and they claim in the thread to respect.
I think that was pretty dubious to be honest. And literally did you want to touch on this Nakamego's surge and the additional Ben E pre-sell? I have to say one thing on the digital Canadian dollar first. Yes, please. I have to pin the thread up top real quick.
the bank of Canada, you would expect them to write like a bank tends to communicate. But if you look at the thread and how it's structured, it is one thought, one line, it has the perfect thread hook, it's like we heard your question, keep reading to find the answers to the most asked questions.
thread number one of eight. The Bank of Canada is actually writing like a thread right in the NFT space which is quite amusing to see. Is this the product of legendary consulting business going global? I did consult banks before on NFTs but not the Bank of Canada, not yet.
Well, someone is consulting me, so it should be... I agree. I very much agree. And yeah, you asked about Nakamegas. I think it was the band of Eastbot, a bunch of them, because
like the number of unique holders like didn't really go up. And I also shared another tweet quite a while ago that looked into the pre-sale of
The site up currency I'm going to pin that up top real quick. It was a flipside crypto dashboard with a breakdown by collections. You know who the chart was labeled by the way the clown chart which I found super amusing. And it basically looked at the collections or
the PFP holders who bought into the pre-sale and by far number one was Nakhameegos, followed by Nyingegg and followed by Rameelianair. So those communities seem to have a very close tie and probably not that surprising to see Van.Eath pumping Nakhameegos
because Nakamega's community pumped his token so yeah it goes full circle. Fair enough some nice exit liquidity for Nakamega's there. Let's move on. Let's move on to the overvalued undervalued segment where we evaluate some notable sales from the last
24 hours. When I do present these sales we would love you to get involved, give us a thumbs up if you think that asset is overvalued or thumbs down if you think the asset is undervalued and press that purple speech bubble in the bottom right hand corner to leave us a comment with your reasoning. I'm watching your reactions and comments.
So we can gauge sentiment today's edition is kind of an OSF special There's all kinds of high sales going through at the moment. There are more notable sales than this These are just the two that I had picked out you can see that start with number one OSF professional D gen number four
This is the image on the second slide of the snapshot. This sold for 62e, 113,600 dollars. This time, let's go to legendary first for his overvalued or undervalued. I'd like to see if people agree or disagree.
with his take. What do you think? I mean, OSF has been on a massive run for quite a long time. So with me being the host of the show, I'm not going to say over or undervalued, I'm going to say with art and especially with it, it's perfectly at value.
It is a fair value sale. Interesting. And so what do you think in the crowd is, do we think this is overvalued with thumbs up or undervalued with thumbs down? And one of the things I would say punk saying undervalued kawa in the audience saying overvalued, one of the things I would say is
that OSF does sell really, really high values and one thing I've noticed which people might not know in particular is that this professional DGen series tends to go for higher prices I think. So what you'll see there is OSF
professional youth for going for 130,000, but the seller of that actually went immediately to buy OSF Rec city at 28.8,000, after, so that's for 55,000. So it's not always the case that just because someone creates a one-of-one, all of their one-of-ones will be
at the same price. And I think that's one of the things that people sometimes struggle with. They think, "Okay, something's done by X-copy, and one of one by X-copy equals this price." And it's just, I think there's enough evidence both in the traditional R-world and in this R-world that that is definitely not the case. It depends on the message and the piece. It depends
depends on the art itself, it depends on the aesthetics. So all of those things are relevant. I think we had an undervalued from BK and D crypto as well. Legendary, what do you think to what I just said? Very much agree with it. And I would say that RecTiddy might be a bit undervalued if we compare it to
the other sales of OSF but nothing else to add on it other than that. Okay friend, we touched on OSF sales which are really awesome, congrats to him, it's really great to see and secondary demand. That's the other thing about those, I think
people might know, those were secondary sales. And I think one of the things that have happened recently is that primary sales have had a lot of demand still, but secondary is just completely dried up. Whereas that shows that for the right artist and at the right time there is still secondary demand for these pieces. So that's interesting.
And to add a bit more context on that, for example, professional DGN4, which was sold on SuperRera, was initially sold almost a year ago, July 23rd for 59.69 ETH, and now obviously the sale for 62 ETH.
So it is very, very, very strong sign to see that it wasn't sold at a discount, but even increased in value. And the same goes for RecCity, which initially was sold for 25e and now it's sold for 28.8e, and I think you don't have to look at it
from obviously OSF established artists, like I don't think that the expectation should be that it does a 10X or a 5X in price, but seeing that in this market conditions, there is a seller who paid more than the primary sale price is a very strong sign in my opinion.
Absolutely completely agree with that take let's move on to the discussion part of the show I'm just going to start us off by giving everyone 10 more quick hits of news from the snapshot pinned up top so we can springboard into a discussion on any of these topics if you are interested in one of them
particular, please do request to speak, we want to hear what you have to say on them. Number one, Pudgy Penguins experience toy fud. This was someone complaining that their Pudgy Penguins came with some kind of dangerous chemicals potentially attached to it and
wrote a thread about it on Twitter and lots of people were quite vocal in their defence of the Pujipengwins ecosystem. I would definitely want to hear people's opinions on that. Number two, blend appears to reward lower rather than higher bidders. This is super important for anyone in that blur ecosystem
NFT statistics seem to do an experiment where he loaded one wallet with less ETH and one wallet with slightly more ETH but was placing the same BIDS on a particular collection and for some reason the lower BIDS, the wallet with making the lower ETH BIDS was getting more blurb
So if you're farming these wallets, you might not need to risk it so much and go higher. So we're definitely seeking answers to those questions for the moment. Number three, puncture received more Chinese media exposure. That's always cool. Number four, chimpers release free arcade game to public with prizes for winners. I want to talk about how companies
are trying to get more attention by doing these types of things as they vie for attention and number five, Asprey announces the IP launch event where BT Bitcoin and Ether artists will be announced that's happening in London. Number six, that's OPEPN drop is most oversubscribed.
is the Jack Butcher profile picture ecosystem where they have this mechanic where you can subscribe or register your interest for one particular collaboration drop and this one just went completely through the roof it's like a thousand percent oversubscribed that's all interesting to see. Number seven only
force lean harder into anime we talked about them last week always having a little announcement every few days it's called that they had an announcement about that. Number eight, well-famous sports team expanding into web 3 this is someone who posted a discord mod job for a world famous
debt ceiling. America, United States just recently raised their debt ceiling after much going back and forth and people made a nice piece on that with I think a top-less Biden with a thug life tattoo on his mid-jift. You know, letting turning on the money printer basically.
Definitely, and I pin the top of the punk-skating mainstream attention in China is a big news. We talked a bit about it last week that Hong Kong will be able to trade cryptocurrencies from the first of June on. Now we had another punk-separation
experience on Chinese media that we had. This appearance that you mentioned, which was shown on Hunan TV being the second largest Chinese TV station and the dress being worn by like a very well-known actress and singer. So it's very, you know, it's a very, very interesting thing to see that
Chinese media which also is very centralized in its way right gives more exposure to NFTs than it has ever really done before and we also have the first change in in legislation to be able to trade cryptocurrencies in Hong Kong and
I want to see how this narrative will play out over the coming months and if it's something trading NFTs by cryptocurrencies that will also be allowed and possible in mainland China in over the next months or one to two years. This could be a very very massive thing because it's
It would be the biggest market entering the space essentially. Do you have any sense, I agree with you in the sense that it's cool news, it's nice to hear, but do you have any sense to what extent these people are not involved? Is it genuinely the case that these people have not been
and all this time. That just makes me think my instinctive reaction is that that's not a realistic position, that these people, because it's been illegal, they just haven't bought or sold it in any way. Like, is that reasonable? Or do you have any sense of whether they've literally not been involved or whether they have been?
I think it's incredibly difficult to find that on that but I would make the point that if you're a younger tech-sevy audience you have had some previous exposure to it you certainly have heard about what's going on especially and I think we also talked about you know the Chinese BLM
and the blockchain network that is China's decentralized, decentralized blockchain that also has NFTs with the difference that they have a different name because they didn't want to name them NFTs. So I would definitely say that the Chinese audience is well versed with the technology.
because they have access to their own blockchain as well. And I think even though a lot of media is not easily accessible in China, they certainly know to some extent what's going on in our part of the world with CryptoPunks, Borde apes and the whole ecosystem
that are being built. Fair enough. The real Batman would you like to contribute on this particular topic? Yeah, hi, Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I'm Hi, I#
Can I continue? Yeah, I think someone either be sure to me hit the mute everyone thought I'm sorry. Sorry, that was made by Mr. No, it was the older guy. No, it's so basically on the China market, right? Like the point
that B. Check made, that there are probably a lot of people who are already involved with crypto, right? But just the fact that this market will be regulated in a state which is fairly authoritarian, right? China is not known for its
free market policies. So I think this will definitely allow a lot of institutions as well as the general sort of general citizens to participate with sort of a higher risk appetite at the very least.
So while we don't have, I think it would be very, very difficult to get precise data on it. I think it's fairly easy to see on a qualitative level that this would at the very least be an exponential growth over what we have seen so far.
Yeah, I think that's ultimately the very fair point and I think that's basically the crux of what legendary was also saying is like yes, of course there will be some people dabbling and it's hard to know the precise data but I do agree with you that it's likely that you know just it will just facilitate a greater
I definitely agree with you. Thank you very much for that contribution. I want to talk a little bit about the Pajee penguins experience of the toy fud. Legendary, what was your... Well, I'll summarize it a little bit first so people know. I think
I'm not going to summarize it perfectly, but from a very zoomed up perspective, essentially there was a parent who tweeted a thread, which is in the comments of the snapshot. So if you want to see the details, go up there to check. There was a concerned parent who had bought one of these toys and basically
that there was some kind of some chemical potentially that was on the toys didn't think it was safe for his daughter therefore tweeted that out and you know I think it was basically under investigation I didn't see any official communications back but what I did see
was lots of unofficial communication back from either holders or other people involved in the ecosystem. Some were fairly concerned from a parents perspective. Some people got very concerned that the person writing the threat had used hashtags and that if he was really cared about his
child, he wouldn't have done that. I don't know, tried to resolve it privately, I guess with the argument. Let me do what was your take first and then Jags and he got your hand raised, I'll come to you after. All jokes aside, I think it is a serious topic in this
sense like if you go into that industry and you manufacture goods, toys for kids, you have to be very careful about those kind of things. I know that Pudgy Penguin had a very, very reputable manufacturer for their toys. Of course, things like that can happen. And as with everything,
In this space, what matters most is a very transparent communication around that and seeing a statement that someone's going to investigate this. They will find out is it a larger problem, was it just a very small set or percentage of the total toys?
What will happen to them and just taking this seriously especially when it comes to kids I don't know if there has if there's been any official statement by now I was just looking at Lucas Profile didn't see it tweet by him But I also didn't check for all of his replies, so I don't have an up-to-date info on that
That's pretty fair. I've definitely got some thoughts on this but Jags are we need to go first and I'll come in. Yeah, thanks for I think what I was going to say is like being being on Twitter on a platform where it allows the freedom of speech and I did get the perspective of that person tweeting about it. When it comes to the health and safety of your
yourself for your kids like I would be the same how that person was right. I think it all sort of sparked the tweet and it started blowing up when people started noticing the hashtags and stuff and his original tweet didn't have anything wrong. He just sort of made it as a tweet I'm sharing what he experienced and I think if you go down the
And we've seen Fard is a part of the space like Fard is a part of a project and a space and when you see a little Fard comes up like everything started to coming out People who never said anything they'll be commenting and everything Luca hasn't made any official statement yet And I don't think he replied under that tweet as well like I was being I was being on top of that tweet
today. Again I said it's sad to see the incident happen to the kids but people who are replying it looks like and the way he used the hashtags it's just it looks like two ways like sentiments yeah you were sad but using the hashtags and what you were trying to prove like it's a bit confusing the tweet he made.
Interesting take. Yeah, I can see it from both sides, I guess. My main thought on it is that I'm not certain that hashtags necessarily matter in the sense that I, because frankly, I don't know whether hashtags do increase people's reach now, whether they don't.
I really don't know to be honest. Maybe they work, maybe they don't. But it's kind of, I don't see how it's relevant. He has a message to, he wants to try to get as many people to see the thing as possible because that seems to be the way you get resolutions that
things like for example I was thinking of the day I can't remember was it the bank or an airline or something I really wanted to complain about something to someone and I was oh it was the bank and I was going round in circles in their online chat which is supposedly supposed to help me going round around circles getting passed along from one department to another blah blah blah blah it's like okay
If I just tweet about this and get maximum exposure, maybe someone will actually do something. And I don't think it's necessarily easy to reach, you know, any name, any of the biggest NFT founders of the project. I don't think if you're kind of a normal holder or someone
connected in some way, like, you know, their DMs and Twitter is probably completely exploded. So it's not necessarily easy to reach the right people to have a look at your situation. So yeah, I don't think the hashtags are much of a big deal. I think it's fair for the person to express
those things honestly, so long as they are honest, that's my kind of precondition for that. And then it's up to them to do some customer service now in a public way. And I think it's probably correct that the guys from the Pudgy Penguins team have taken a bit of time to like, okay, well, maybe
I suspect there's not a response yet because they're investigating which is good. So if they're investigating that's good, we want a resolution to it in a positive way and some professional communication on the back of it rather than just jumping in and attacking a person for coming up with a complaint. Punk, I see your hand raised, what's your
What should I take on this? Yeah, I just wanted to add that I went all over this thread and stuff and I mean the way he communicates it looks like he's real he's like a real parent and I went over his tweets and I see that he is a person of maybe like 35 to 40 years old
So to be honest, when you grow up, you are not really emotional in most cases, right? So when you are younger, you are more emotional, but when you grow up, the only thing that makes you emotional are your family. So I'm pretty sure that this threat might be like real, but
But actually sets me off as well with hashtags. If you go through his account, you can see that he's a big fan of killer bears. And what they have is they also have some sort of toys as far as I know. There's like a limited edition of some toys. I'm not saying that it could be a marketing thing just because he does not like some sort
sort of promoted also like for instance like after the threat he dropped he just said that he bought some more kilobaries but not anything about the toys I'm not really sure about that but it could be post what I think Lucas should have done or maybe someone from the teams
should have responded at least in some way, saying like, okay, we'll go to investigate it just in case, you know, just to somehow put the situation down just because I've seen the Frank also retweeted it, but he later deleted the retweet and it might have also raised some concerns.
That's my take. Yeah, I think that's a very, very mature and responsible kind of sober take. I agree with almost all of that and I agree especially with the idea that like look, it's not ideal to leave people hanging even just like a short professional. Like you don't have to have all the answers in that immediate response, right? But
just something to let people know that it's being looked after. In terms of the kind of the other stuff, yeah, I guess you can never know people's intentions perfectly, but I agree that it seemed like a fairly, a fairly reasonable thing. Legendary, did you want to close this topic off?
Yeah, absolutely. And just saying one more thing on hashtags. Because you mentioned before hashtags and the algorithm and Jax and punk and I kept sending thumbs down, meaning that hashtags don't help you with reach on Twitter. The algorithm
was updated a couple of times and using more than one hashtag or even hashtags per se doesn't do anything for each quite the contrary if you use multiple hashtags it's going to get less exposure so the argument that hashtags have been used to maximize exposure for that doesn't really stand.
That makes a lot of sense. Okay, well guys, we've been a great discussion, but where I'm fortunately running out of time for today's show. So we're going to wrap up in a moment, but first we always want to leave you with something useful to think about during the day ahead. Legendally, what's something you are taking a look at?
It is the tweet that I just pinned. It is the post by NFT stats that you mentioned before running his blend experiment. He detailed exactly what he did with two mutant loans, one at 6.7, one at 6.6, ETH, and there's been a couple of great comments, a good discussion
that what other criteria could be a part of Blur's Blend Program and how it really works, also with the different demand for loans, loans in different pricing sections. So I think if you want to have a further look into the Blend feature, this is a very good starting point.
That brings us to a close team. It's been a great show. Thank you, legendary for co-hosting and genuinely providing all that wisdom that a really old person is able to bring. Thank you, Cardinal, for all that BRC 29.
the Pudgy Penguins Information Punk, but very sober, responsible thoughts. The real Batman for the Chinese knowledge. And thank you everyone else in the audience. You've decided to spend your precious time with us today. We see and appreciate you and hope we can do it all again with you tomorrow. See you later. Have a great day.
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