I want to lose them but I was just having myself in a way She's got a friend beautiful to put in and I'm going to come in there
I'm gonna lose again. I'm running in shit. She got some back in the car. I'm gonna keep a week I'm in shit. I'm gonna be shooting at me in a pan. I'm gonna be a new week. I'm gonna keep a week. I'm gonna be shooting at me in a pan. I'm gonna be a new week. I'm gonna be shooting at me in a pan. I'm gonna be a new week. I#
I'm gonna keep it in my mind, I'll be talking to my decide I don't need the best of you, try to tell my life I am not a pity diamond, I make it just dry You can never owe me, they be can't hold my drive no car, see when I pull up, it's the latest no-tardee, just a hell of a button, record for to see hard, be nice, you pull the rubber game,#
I'm trying to find a partner so yeah 'Cause it takes our reset to hold you Can you find it in my mind? I am, that may think you're gonna be fine
I'm reading my side, I can see the sun through close blind I'm clearly pretty with dirty, fuck 'em I'm pretty with dirty Keep myself safe, you're the dirty, but I still don't face 'Cause she love me, she love me now I still count when the pedals drop Put to the pedal, my engine hot I gotta switch my seat and the pedal bruh, pedal back with my hands
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 Bcheck, I'm a UK teacher and lawyer, I trade NFTs, I collect NFTs, I write about NFTs and I'm the author of the snapshot which is pinned up top and goes out daily on Twitter and one time per week and newsletter forms.
I'm joined by my legendary co-host, Legendary, the OG NFT collector, the Edgeop Extra Ordnner, and one of my best friends in this place. Legendary has been navigating crypto since 2016. That has been a damn long time, so we lean on his experience and knowledge very, very often.
Finally, as a reminder friends, 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 exercise your own judgement. With that out of the way, legendary, how are you doing?
GM, GM, I'm quite excited. Very thankful for everyone in the audience. We had our biggest spaces yesterday with almost 150 people tuning in. I remember when we started playing around with spaces last year.
I think we are speaking in front of an audience of four to five people. We took a break, we redesigned the format, you started the snapshot at one point we said we have to turn this into a spaces and apparently we got quite the audience so very very happy about that.
Yeah, super happy with it. It's going really well. Two days in a row where we've had more than 100 people tune in and I think more than 50 or 60, like kind of live listeners. Obviously at the beginning it takes a little bit of time for people to come through but as the course of the space
goes on yeah more than 50 or 60 people so definitely super happy with that. What else is going on in your world today? So there's something on my mind, kind of the elephant in the room. I pinned another tweet on top. You are on holiday in Dubai and you shared your
your working setup, which is out of bad. That's perfectly acceptable. But I see you have two Macbooks and an iPad. Is that your remote working setup when you travel? Do you always travel with that many devices? Great question.
What's the confession here to make? I think no, I would not typically travel with this much stuff, but I do really like having a lot of stuff on screen even when we do this. So obviously as you know, I host the show in a way which means that I need to see loads of things that
same time for the people who are interested in the kind of behind the scenes stuff. Right now I have on one screen a cool sheet open where I go through the intro and have the general structure of the show because we have all that planned out. I don't know if that ever comes across if it looks like we're doing random stuff but it's all kind of planned out. That's on one side. On the other side I've got the snapshot open with
headlines and I've got all of the links to all of the things that we might discuss later in case I need to go to it. So if anything I would actually like to be more screens impossible that I'm doing. Because I feel like a pleb I'm holding my iPhone in my hand speaking into it and I just have one MacBook screen that I'm looking
I have a bigger screen behind it, but it's turned off, but maybe I need to learn from you and improve my screen game. I don't know man, I mean yeah I'm holding the iPhone as well. I also have a book that I make notes on if I need to do something. But yeah maybe this is just good.
the curse of having to direct the conversation and just have everything open. I like it there as a security blanket. I think I'm a bit overly, what's the word? I'm just over cautious. I want all the information. I want as many screens as possible, basically.
Yeah, I mean I guess it makes sense and spaces is also not the most from like a host's perspective not the most user friendly thing ever. Just the process of pinning tweets is a bit annoying and I found it to be like the most reliable way is basically
I spam your DMs, be checked before every space is with all of the tweets that come to my mind and tweets from the snapshot that I want to pin or they consider pinning and I just go through that list because you can't pin it from your MacBook from a desktop while you're on spaces on mobile.
So that definitely needs a bit of optimizing on Twitter site when it comes to the user experience. Yeah, absolutely. The only other thing I'm glad you put it up though because in the comments I thought it was a bit bold. I think you were spreading a little bit of fake news.
is in there. I just wanted you to address that before we go into today's headlines. Do you know what I'm talking about? You say that you don't like working out of bed, but given that statement, you have posted more than one time a work set up out of bed.
I definitely dispute this. I don't know when I've done that before. Yeah, I entirely dispute this. I call this fake news. I wait to see any evidence of me working out of bed and any other time.
I really, really, really dislike it and yet that is what I'm doing in this very temporary format. So yeah, but as Cardinal said in the audience, it's about that optionality. Being in this space, you do get the opportunity to do these sort of flexible things which I can't
So moving into the real news, away from the fake news, let's get into the headlines and the price action for today. If you'd like to contribute on something we speak about today, do request now. We will be bringing people up on stage throughout this segment.
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. Everything's kind of just a touchdown in terms of crypto today. Bitcoin's 2% down at
just over 26.5K ethos 2% down about 1.8K. 8% fairly flat at about $3.50. NFT volume was slightly up at 35.7 million blur at 20. Open see at 6. There was a bit of a pump in
Penguins as a consequence of being added to Blend and Blur also announced that there would be a new collection added to Blend every single day this week, which is super good. It's kind of expanding their ecosystem. In terms of the top collections, Boredapes, Ferley,
up a couple of percent at 45.2. Everything else was pretty flat. Crypto punks at 49, Mutants at 9.5 and a Zuki at 14.6 all pretty comfortable. The major headlines were Binance Denies, Co-mingling of customer funds when I saw that my heart sunk
again after all of the FTX debacle in the last couple of years, we do want to ideally know where all our funds are and I read that article and it said something like, "Users should not need to have a forensic accountant to figure out where the hell their money is."
but by the way, the violence has obviously denied these accusations made by a reputable source though in Reuters, but it's an anonymous source. So Reuters reported it, but they don't name who these people are who are saying that they did this a couple of years ago. Number two, ledger announces a recovery U-turn and says that
they will be open sourcing their recovery products. That's in response to the news we discussed a couple of days ago where Ledger said that as part of this recovery program, they're going to roll out with wallets. There would be a way for them to get access to your seed phrase if you need to.
kind of gone back on this and said, look, we're going to pause that for now. We're not going to roll it out just yet. We're going to open source it and make sure the community are kind of happier as we go through that. So that's super interesting. And finally, as I already said, blur analysis, Pudgy Penguins on Blend and a new collection every day this week.
Legendary, what's really finding interesting here? I do like the turnaround on ledger and it kind of shows that there is a point to speak up on Twitter and to address their miscommunication, to address all that criticisms
that we had and seeing them also not only open sourcing the ledger recovery protocol, but also stating that they will open sourced their entire ecosystem. So basically in the letter they said, you know, massive parts were already open sourced.
and as of today also all 150 nano applications, ledger lights, part of the operating system is also open source and accessible on GitHub. So I quite like to see the turnaround by them.
I think it's super positive that they responded like that. However, one question I would ask is it took a couple of days for them to really get there, right? Because their first initial response was a little bit like, guys, what are you talking about? We've always known this to be true. Did you think that they're
Do you think that their tone was a little bit dismissive initially? And then what do you think made them make the change then? Because I don't think that this is something they thought they would have needed to slow down on.
I mean, that's a very good question. I think they probably did not expect it to blow up that much. They wanted to wait and see how many people will speak up about it if it just becomes a trending thing or if it's just a couple of people criticizing
it. So I think it just got to a point where they had to react and they were like thinking what, thinking their options through, like probably discussing if they want to back pedal on the ledger recovery, on the ledger
cover tool at all or find alternative solutions. And there's also part of the main criticism was that it's not open source. I think it was the easiest step for them to like keep the feature, half-nade feature, but open source as much as they can and be as transparent as they can about it.
Yeah, I think that's a big win for the community in a sense that the open sourcing of it is seen as particularly important. One of the big things that I thought, which is a very common theme in this space, is that it's not necessarily the case that what people do is that bad, but the way that people go about the
communication of these issues tends to be really poorly done. And there often is a very big discrepancy between the perception of the market and slightly in terms of the companies and the protocols, what they perceive
people will think in their reactions and ultimately what people actually do. And the thing is that that's a twofold problem one on the first hand, it's a problem of okay well you need to close that gap between perception initially but then on the second front even if you
There was a gap in perception, you realise that after, there's a period of time where you've got a window to do some damage control. When I was a lawyer, I did reputation management and we talk about crisis management, for example. It's like, look, say you run a big company in your servers have got hacked.
There's been a data leak, for example. What do you do in this crisis management situation? You need to tell people something like what exactly are you supposed to do? And I think it's one of the most underrated aspects that people just don't bother considering at the moment.
I think it was a little bit of a train wreck for them in the immediate aftermath because they seemed a little bit confused and knocked out by the community feedback. However, ultimately they've obviously grouped together and put their heads together and come up with something by writing this letter that
is far more reasonable to people and maybe if they took that time at the beginning it could have been helpful. But as you say, I think they probably come towards the right conclusion now. So that's my kind of thought, so do you have anything to add there? Yeah, there is, however, I mean, an absolute degree
with what you said and the importance of crisis management and of course the importance of communicating such changes upfront. And this is one thing that really surprised me the other because they are saying we apologize for the way this was communicated, we never meant to surprise you
you in fact, this is exactly what we have been talking about this product publicly for well over a year. And it feels kind of surprising that none of us kind of saw the ledger recover feature talks that happened over the last year and mentioned that. So even
If you have such a big feature change and apparently they did talk about it and it did pre-announce it, you also have to make sure that you reach your audience with those kind of changes because otherwise it's still going to blow up once it goes public and once it has an actual effect on people's hardware wallets in that case.
Yeah, I agree. I think one of the crucial things in that it kind of harks back to one of the big problems people had initially, which was that it's not necessarily the case is terrible. Like is the terrible idea? Well, I think people did think it was a terrible idea, but there were certain communications a long time ago, which appeared to be
entirely just factually inaccurate, where they had said things which were at least on the face of it not true. And I think maybe, you know, I wonder what evidence they would provide to try to say, yes, we have been to
about the products for more than a year. To be fair to them and like my confession would be like I'm definitely not the technical expert here, it's not like I'm always reading about the technological advancements on the security side. So I wouldn't want to say that they haven't been talking about it without 100% knowing.
It's definitely not built to down to me as someone who's in the space all the time But yeah, I kind of share that reservation that do you have anything else to say on it? Yeah, no, no, I wasn't I wasn't trying to intend to say that they weren't talking about it I was like just saying it's one thing to talk about it and one thing to also make sure that it reaches
the audience and maybe you have to do spaces when it comes to that. You have to announce it on Twitter. You have to get the reach and kind of give the community a sense that you kind of co-creator co-develop that feature with them. So I don't know if they just did press releases if they had it on Twitter or whatnot, but it just
goes to the importance of reaching your audience when you have that kind of critical changes. Absolutely, that makes a lot of sense. As we say, communication seems to be super, super important and is often lacking in this space. But let's move on to the next section before we then go into some
the broad and use in the space. Just before we do that, I want to welcome to the stage the people we do have there. We want to get you involved in this section probably. We've got nobody, the stone leader of the stone subcommunities. Great to have you. Zai Miri has just joined us too. Welcome. He is the writing being who can
can help you grow your Twitter account. And we've also got Kermit who's been here from the start, the NFT growth consultant, been having some good conversations with him recently in DMs. We want to get you involved in this next segment guys as well as everyone else in the audience as we go into the overvalued undervalued segment where we evaluate some notable sales from the last 24 hours.
When I do present these sales guys we would love for you to get involved give us a thumbs up if you think the asset is overvalued or a 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 am watching your reactions and comments so we can gauge sentiment and shout you out later in the show for your
outrageously good or bad takes. So in the last 24 hours, legendary do we have pinned up top? Oh there we go. Let's start with the one you've just pinned that I can see there. In the last 24 hours we have this Kingboard ape which is just sold for 98e. That is 177e.
$78,000 United States American dollars. What do we think guys? Let's go with the audience reaction first trying to sway legendary. If do we think this is overvalued with a thumbs up or undervalued with a thumbs down? Is that a mirror you're saying? This is overvalued.
It's over. It's over. It's over. Like I know.
the point. Okay, that's right. Kermit saying it's undervalued. Legendary, have you been swayed? I have been swayed. Yeah, I wanted to say it's undervalued, but I'm going to go with the audience sentiment and say it's overvalued. I think it's the first time that this happened. Okay, but that just means
that you think one thing and you've just been swayed. So you don't really think that. No, I do think that because I was convinced it's undervalued but then seeing all of those votes, I started to look at the price history a bit and it does appear that while there are only two board apes with a crown listed, one at
155, 188, the last sales are more in line with what we've seen with this sale of 90 ADE, the one before that was at 83, then we had one at 125, but the others were like at 90, 83, so definitely happens to wait on that one.
Interesting. Okay, so it's kind of it's maybe fair value them. Would you say?
Nope, it's overvalued. Fair enough. Kenny, what did you think?
So, okay, I didn't like I was thinking that it was more because of the ordnance and the ordinal's reference to be honest. But yeah, if the history is right, like legendary
said then it's probably unrefined. So now thank you for that nobody what is your contribution there? So now I've heard that there is a lot of
So I think it's undervalued because one, this is about trade and about gravity. I don't think that there are a lot of crowns in the discolation. So if we're talking about gravity,
I think it's a lot of things.
I think in general the market seems to be picking back up and you've just been quiet for a little bit and when you go quiet for a little bit things kind of settle and then they tend to kind of explode back onto the scene and I think I'm leaning towards under as well because I think when they do come
back with the next big announcement, with the next big thing, I feel like they can always grab people's attention again quite quickly. So I think that's always relevant, like where you are in the news cycle to some degree. Let's move on to the next one, legendary. We've got the pack sale.
which is the yellow dot. Guys, if you don't know about the yellow dot, you need to know about the yellow dot. We're going to provide you with a little bit of context here. But this time we're going to do it this way around. I'm going to ask legendary first whether he thinks it's overvalued or undervalued. I'll ask for
reasoning and then you need to say thumbs up if you agree with it or thumbs down if you disagree. Legendary, what do you think? This yellow dot sold for $15,000. So I'm going to start with the sentiment first. I think it's overvalued and the reason the context is
This yellow dot is part of Pog's marriage. Marriage was the biggest art sale that ever happened. Pog made 91.8 mil on it. And it was supposed to be a game where basically each, each dot, each marriage
has, each mass has assigned a certain weight to it and you can merge them together, you can absorb other masses and I think Pog also intended for it to be like kind of a scavenger hunt where there's going to be specific challenges to reach certain weights to absorb certain masses and I think everyone had extreme
expectations to this also considering that it was well the biggest art sale ever even exceeding the likes of Damon Hurst and Jeff Coons and I feel very disappointed by the delivery and also the parks been radio silent for quite a while so this is why I'd say it's overvalued.
Okay, I'm going to give a little bit more context there, but just for you guys in the audience, let's hear your reactions to that. Do you agree with Legendary's commentary thumbs up or do you disagree and think that it is undervalued for whatever reason? Are you in the camp that thinks that these yellow dots should be worth more than
15. What do you think they're overvalued? Everyone's pretty much an agreement. Xiamere with the overvalued or with the agreement, Cermet with the agreement, Kenny with the agreement. Everyone's an agreement here. Xiamere would like to make a contribution. Let's hear from Xiamere. Welcome. Well, so what's up? Thank you for having me.
I'm going to be Frank, I have no idea what I'm looking at. So I always use a yellow dot and I see 27k. So I'm definitely going to go with overvalued. I mean, Legendary's contacts did provide a little bit more insight, but I'm still
going to say overvalued. I feel like this is a very prime example of why people outside of NFTs think that NFTs are a scam. I mean, maybe you can convince me to check with a little bit more background or contacts. I would love to be convinced actually. But yeah, for now, this is going to be my stand.
Sure, I will be able to provide you with some context because this the pack story really starts before the merge which raised as I said, I think one of the important parts is that yeah, he raised millions of dollars, 91 million or something absolutely outrageous. It's seen as an individual. The reason why
people are able to say it's the first or the highest grossing individual art collection is because they merge. So of course other artists might have sold things for a lot of money but and these are all individual NFTs but because they merge together it's seen as as one piece.
So before this, PAK was one of the most foremost digital artists in this space. His work, his or their work, they are anonymous, went for huge, huge sums of money, and there was a different collection which he released in a similar way called
cubes and these cubes I think were sold for like $200-300 or $400 or something and what you do you'd combine the cubes, the single cube in order to make different cubes, like the more cubes you had the bigger the cube you were able to create.
And these things went on during the bull run of 2021 to something crazy like 20 to 30,000 dollars from what I remember. And that was the context for why then this collection with the merge, people were doing outrageous things, people were buying low
loads of them, there was actually a dowel that was created in order to get the highest number of merged. So this yellow dot, the reason why it's a yellow dot is because if you go to the OpenSea collection, they always say 'n' and then you open the brackets and it has a number and that's how
how many mass there is in the merge. And so this piece has 1,388 masses merged together. So that could have been literally 1,388 individual pieces merged together, or it could have been someone who bought 100
and a hundred and a hundred and then a thousand and merged those three together. So it's like these building blocks which were all shoved together and the reason why people speculated on it so hard it was because there was this previous collection called the cubes which went completely, completely crazy.
So on one level, on one level, if you do the maths and say this was sold for $27,000 and there are 1,388 maths in that, I don't know, let me do if you've got a calculator, all my screens are taken up, how much maths
How many dollars per mass is that? 27,000 divided by 1,388.
How many is it? 1388. Yeah, that's $194. Yeah, it's $19 per mass and I think the mass was 200 bucks if you had some part colleptules before and so that's a 90% discount on it. It says I it's a bargain.
It's a pocket. I just bought it. Because you mentioned the DAO, I have to make a confession on stage I was part of the DAO who tried to get the biggest mask. Amazing. And what happened?
I'm disappointed. Do you still hold that pace? Does the Dow still hold it? I think this was the earned Dow. And there was a specific NFT that gave you access to it. And I think I still have it in my wallet, but I'm not 100% sure.
So it's too many decades ago that this happened or it feels like that. Completely fair enough. We've got two more contributions to come. Nobody will come to you in a second. I just want to go to Cardinal for... Hey, hey GM guys. Yeah, I just have to agree with what legendary we're seeing really in that.
There's no doubt in that it's a successful project because of what is turned over, but I just think the execution since and also the fact that PAC, as I said, is on and he has gone a bit radio silent on Twitter, just be like, if you buy it in something for this sort of price point,
you want to really be buying it to somebody who is, you know, contribute into the ecosystem regularly. I mean, it's fairly vocal or, you know, present. And I just think that packs of social capital as sort of enduced, you know, since, you know, his last project. So for me, it's a hard path, I think.
Absolutely, I think that point is hyper relevant in this space. You know how in the traditional world if you have an artist that isn't necessarily active on social media or even socially. In fact, you have no idea the impact on price, right, on an artist's
on an artist's work. It doesn't matter how social they are necessarily, but in this space being present and active on Twitter and on the internet is super, super important and the fact that they've just gone completely missing.
is not something that is like not just want to you just want to feel like on a journey with someone right you know you would have buy into that vision you know you're going to be taken along on this journey with them so to have that person you know people buy into their vision and then them to sort of drop them it just seems a bit you know it's not where we're after the minute in the space
Yeah, I would be agree with that. And especially if you add like two more pieces of context to it, the first being that Pock said it is a game of extinction. So the goal is to reduce it to, you know, one mass and ultimately and make it the biggest mass ever absorbing all the other NFTs in the collection.
And comparing that to Pixelmon, Pixelmon raised 70 mil, didn't initially deliver on what game they promised to deliver on and get a massive massive hit, shit storm and and fought for that and did turn around, did higher top tier team to
actually build the game, deliver the full lower prices, recover the bit, I think the Dutch auction was three ETH went down to 0.2 ETH when people realized that nothing's real about what was promised and I think now it was back to almost one ETH a week ago or something. So I think it was a fair expectation to have that park with
continue building this game of extinction in whatever way. Absolutely. Nobody we want to move on to the next segment in a second but that's here your final thought on this topic. Yeah so um you first follow it at the up before you you will see your about
about the history of this piece, that are like about A-Pen. This piece was about type on originals and would say like, "Yo, this is yellow orange, so this is about Bitcoin originals, so this way it's so much
Yeah, I'm not sure about that. I was not quite following the thinking there, but let's yeah, I think this is before all of that time. So yeah, I'm not sure. Not sure. I definitely do think as it's
a general comment, we need to be on more on top of what's going on with the ordinal stuff because there is some real activity there and I think it's not a money being made so we actually need to do our own research and figure out what's going on there so we can start reporting on it better too. Let's move on. Moving 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. Number one, Spain, seek to end, end to end encryption. A lot of ends there. This is again Europe
being really, really draconian with the laws around data. We already have the GDPR over here and it's a real pain and it seems like people want to try to get behind the end-to-end encryption so that people can scan, governments can scan people's messages. Number two, Shaq, the
famous possible player faces a class action for the role in an NFT project. People really didn't like when these entities went down and particularly if a famous influence influencer is involved in any way and they love to try to blame the famous person instead of themselves. Number three, Doodles Tweet the exploration
of AR. This is a really cool image. It's on the snapshot on the third slide. I just think it looks really cool. Definitely have a look at that. Number four, Gary V agrees to re-interview with OG who lost previous interview audio. I just thought this was a really nice cool story. It was about a guy who really looks up to Gary V at Beacon and he completes
really randomly came across him in a bar and asked him for an interview. He obviously said yes and then he posted it but he the mic wasn't on any of the times that he literally met his hero and then the mic wasn't on. But he then tweeted it on Twitter and Gary said, "Look guys, let's get these to the admin
and let's sort out a re-interview really quickly. So Gary being a legend. And finally, number five, forgotten ruins announces "Loracle", which is a computer-assisted storytelling. I think they're kind of integrating AI into story writing to help people build out their stories with them.
Number six in the creator corner section, Ronda Santos is to announce presidential run on Twitter Spaces. This format is going big in 2023. Like it's so good that we're all on here practicing getting involved because I think this is this is the future. So that's really cool. Number seven Adobe
8 Discord subscriptions enabled. This is a really cool concept where you're able to instead of having an NFT to grant access to something, this company have allowed people to pay it a monthly subscription via crypto in order to get access to certain channels. I think that would be a cool revenue stream for
people. And finally, Tyler from Lucky Trader announced his partnership with four content to be included within the floor app. Tyler obviously always producing really good content daily, so it's cool to see creators be rewarded via partnerships as we go forward. Legendary, what's your take in this and what are you thinking?
There's two pieces of news that I want to touch on. The first is Spain. The end of end encryption managed to say that one without fucking up. It seems to be like the generalist stands in the EU that most countries want a way to access
or be able to scan encrypted messages, but even among those countries, Spain's position seems to be a bit extreme or very extreme where they say they just want to ban it. And I don't think, you know, that this is a very healthy way that the EU is moving with that suggestion or with that stance because
the right to privacy is a very important one. As you said, the GDPR is already super restrictive led to the fact that circling back to the topic of AI that we touched a couple of times in here that Google's AI Bard is not even accessible in the EU without using a VPN.
So this is not something I like at all. Transitioning into the second news is one which I like a lot. It is the generative field by Adobe. I used to do a lot of landscape and cityscape photography. And I also used to do a lot of blender stuff. And I always try to kind of mix
those two together and have like artworks that are a landscape photography of mine where I just you know create 3D objects and kind of merge them into that which is a super time consuming process, super challenging to do that and make it look actually really nice. And I kind of love the generative fill feature that
But it allows me to try it out and not have to spend hours and hours to get a concept working with Blender and definitely going to play around with that more. Yeah, it's really amazing, man. I haven't played around with it yet, but I saw a preview video on that official account where there was a cyclist
on a road and they wanted to add in the yellow lines down the middle of a road or the white lines down the middle of the road. So they just circled the gap of this plain road and just said add in yellow dotted lines or something.
and then it just put it in there. It was unbelievable. It was really really cool and I suspect people who, as you say, are more familiar with the process, that would have been a really time consuming process before and now it just knows how to do things. My question to you is to what extent have you
have you actually played around with this before? And also a separate question, which is, how does mid-journey do like, so I know you've been playing around with mid-journey more. Do you think that this Adobe feature will be like a separate thing that you'll need to have, or can you just do this in mid-journey already?
Now you can't do this in mid-journey. Mid-journey allows you to have a text as a prompt and mid-journey will create an image that follows your description and style guide. However, what mid-journey cannot do for you or you can't do it right now is to have like a consistent character that you carry over multiple.
that doesn't work and it's also super difficult with mid-June to take like an existing picture so I often try to take my youth and be like you know display this guy in I don't know a mountain landscape exploring a forgotten temple or whatever
And that does kind of work, but also changes the utilot. And it's not very, very satisfying to use that for that purpose. And the generative field by Adobe, again, when you have like an image and want to change something about it, is a
feature that mid journey does not offer in that way. So I think both would complement each other pretty well if you pre-design a landscape that you like. For example, in mid journey and then you want to add a specific character or something to it to take that over to Adobe. It could be a very interesting workflow.
interesting that's super super helpful I'm not super proficient in on the image side of things those things those are things I want to play around with a little bit more the final thing I really want to discuss which I think is really really relevant and I haven't dived into the details of the product yet but this idea of
Discord subscriptions being enabled. I think it's really, really important because one of the key conversations we had, what more than a year ago now, when we were talking to some prominent founders in the space, when we launched our own product, the AirJupsy's and Product was one of the really important questions they asked us and we talked
well-tongued and I think it's a question that every single founder of any project needs to ask themselves is like, does this, is the access to my product? Does it need to be a token or could it just be a subscription? Because I think everyone at least at one point in time wanted to dive in and just
launched now to you because NFC is the fashionable thing, it was the enjoyable thing to do. When actually if you've just got a product which people are getting for access, subscriptions work really really well in real world because you can just pay X amount, typically a lower price, and then you can back out whenever you like rather than
trying to bake in a forever lifetime membership into a cost when realistically we know everyone knows it's not forever. These things are not forever despite the fact that people are trying to charge you a price which on the face of it says that it is forever. So I wanted to ask
what extent do you think this is something that people should be looking into and who do you think this would best suit? I mean it's a topic we kind of touched before when we discussed Twitter subscriptions and how content creators could use them to have a specific product offering around
them. But then again, that's only just one thing because as of right now, there's no way if you have Twitter subscriptions going to filter these in like different channels or topics or whatever. And obviously with Discord, you can because you have a completely different file structure, a completely different organization of Discord.
which is way more sophisticated. And also being able to pay in use to see obviously cater to our audience. So I think having that funnel leading users from your Twitter account into a discord where you have a group focusing on whatever your niche
is and being able to monetize that directly in there without having to take them from Discord to Substake and have another different thing that you require for them is a very cool thing. And also adding to that, if that's going to be successful and people will use that, Elon will probably
also see that and maybe think about ways how that could be implemented within the Twitter subscriptions. Do you think this is where my head is going with it? I think Discord numbers are down like big compared to last year. I just get that
in general. I don't know if that's 100% true, but like being across discord, speaking to some founders, like I think those numbers are down. Do you think Twitter with their subscriptions could move to a world where it's like a little bit more like telegram, because I know that one of the things they're trying to do is fix the ends.
they've added voice chat functionality which is good. You can now actually hold replies down and reply to people properly. So they're clearly looking at that DM experience which has been frankly horrific for a very very long period of time. So do you think they're going after discord in that respect?
I would say so definitely yeah. I mean, this could use numbers might be down in our segment. I just tried to look it up. It seems that overall the daily active users and overall users are still growing, but they definitely see the activities that, you know, Twitter,
or not activities, the product extensions that the Twitter is building and they very well I wear that you know Twitter is a very important like traffic source for them especially when it comes to web 3 almost everyone funnels people from Twitter into discord and and gathers a community there so I definitely see a
bit of competition between those two. Yeah, this thing where Elon's just killing all engagement of any link that isn't Twitter related is a bit of a power play and I think there will be serious implications for a variety of people on that. I haven't heard a huge number of
complaints as of yet, but like knowing with my substack it's just it's having huge implications and I think the implications were more for other platforms will be similarly, similarly big so it's definitely something to keep an eye on. But guys, we are drawing
the end of the show. There's been an excellent discussion. We are running out of time for today. We're going to wrap up in a moment. First, we always want to leave you with something useful to think about or execute during the day ahead. The thing for me that I'm pointing everyone towards is this Adobe Generative Phil thing. I'm definitely going to be looking at it more if you... I feel like we're
all as creators as participants in Web 3, we're trying to have as many tools in our pocket as possible. And if this can make the process of creating good visuals a little bit easier, I think it's worth having a look at. Legendally, what's your take in your attention today?
What's taking my attention is our initial discussion when we talked about your working setup and you called fake news on me when I said that there's more pictures of your work setup in bed and I tried to use a new segment to search it
Twitter and find one and just pinned it from the 31st of March another snapshot that has been created in bed. Wait, where, where is this? I can't even see this. This is not pinned up top.
It should be pinned now. I can't see it. Yeah. You can't ignore it away. If I just keep saying that I can't see it, then I literally can't see it, mate.
If anyone else can see it, give us a thumbs up. Because otherwise this is just a legendary doubling down on the fake news. Can you see it? Yeah. Yeah, but you need to wait a little bit and then you will see. Okay, okay, okay. What does this say?
Yeah, the snapshot is incoming. PS never worked from bad. In the last month and yesterday we saw your new photo from the bed.
I will. Okay, so there's an explanation behind this as well. I'll give it, we've got to wrap up now. I'll give the proper explanation tomorrow. But no more fake news from legendary. Just what he's got to say, particularly towards the end of the show. It's all very
speculative and it's not backed up by evidence over a long period of time and that's what that's what's most relevant. Amazing guys that brings us to a close it's been a great show thank you legendary for co hosting and providing a great variety of fake news and very real news and insight. Thank you
all the contributors on this stage we appreciate all of your thoughts and contributions and thank you to everyone in the audience you've decided to spend your precious time with us today we see you and appreciate you and hope we could do it all again with you tomorrow where I'll be working not for my debt have a great day