By the way, this song is so fucking stupid, and I'm just trying to set the tone for probably
the zestiness of this, I mean these are the worst lyrics I've ever heard in my entire
This the game of thrones, evening after calls, Eli wear my rocket ship, it's time to go home,
they served us the part, cause the day we was born, anybody pissed off, gotta make a
drink the yard, now I'm here at Kelly Bitch, now I'm Bill Cosby Bitch, now I'm Puff Daddy
Bitch, that's me too me rich, why she say she's not my dick, and she say she ain't
not my dick, she gon' take it up the ass, it's like a banjwilly twist, I'm his sis Taylor
Swift, since I had to roll in on a wrist, I'm a new Jesus Bitch, I turn water to Chris,
this for what they did to Chris, they can't do shit with this, got my kids at a faith
I really can't take their spear, I honestly cannot take it, I've tried to give this
album a chance. These are the worst lyrics I've ever heard in my entire life.
These are literally the worst lyrics I've ever heard in my entire life. I mean, listen,
listen to Playboy Cartier. It sounds like a fucking cartoon. Listen to it.
I mean, this book had so good she honor roll. She'll ride the dick like a carnival. I done
did the impossible. Bro, what are we talking about here? They said when Kim and Kanye broke
up, we'd have the best music of all time. And literally the opposite happened. Dude,
I can't bend her over having flashbacks. She's going to eat me up like a carnivore. Bro,
the worst thing, the worst layer in the whole song is I fucked her in the ass like a ventriloquist.
What are we talking about? It's so stupid. It's so fucking stupid. Anyway, the beats good. That's
kind of my sentiment for the whole album is that the instrumentals are like incredible. Like the
production is next level. Like there are some pieces on this album where I just listen to
production. Like this is real music. And then the words start. And every time it's absolute fucking
ass. The way I pop my shit, the hose not ready. I'm going barnacles. What is this Spongebob? Why
are we talking about barnacles? Then move in. I feel like I'm Jason can't get arrested. I make
him stomp. Oh, who do you make stomp Cardi? She tatted my name on her titties. Yeah, you can bust
it but it's a borrow. What does that even mean? Where's the next one? Whole up sitting back,
counting up dubs. I was raised in the borough. She want to taste it. All right. Anyway, welcome to
Space Guys. Appreciate you all for bobbing out. It's a very professional space. Very professional
and articulate to say the least. It's not even just that song. All the songs on the album had
the most ridiculous lyrics. And Cardi in this album says, I'm the new Jesus. All right. Okay.
Anyway, welcome Space Guys. Appreciate everybody for popping out. Let's bring some people on stage,
click that button in the bottom left hand corner and request up. I'd love to hear your takes. I need
to space you get number one. I don't, I don't know. I really, really wanted to do a space
yesterday, but I just, it's just the time difference. And anyway, but there's been a lot going on,
obviously a ton to unpack a lot to discuss. I'm sure you guys have talked about these things,
ad nauseam and in every space to the moon and back, I've seen numbers popping across the board. So
great to see at least space is getting just like a lot of traction in the past couple days. That's
simply what happens when there's something to talk about. I have a ton of thoughts, but they're
probably not game changing thoughts. I mean, you've probably heard these opinions from, from
everybody else. Um, so for the sake of conversation, I'm going to be taking contrarian opinions on
basically everything and arguing why I believe personally that you guys, the best company in
the space and also why these moves are big brain go to just for the sake of conversation. Um, but
this is the only time I'm going to disclose that. So anybody joining for the next hour or whatever
is just going to, there's going to be my, those are my opinions and that's just more fun for me
that way. Um, anyway, please do me a favor. Click that button in the bottom right hand corner. Give
it a like comment, retweet, show the space is the best way to support and shout out to, to game
and.io for, for sponsoring this space. Um, I have a couple more spaces left in which they powered in.
I'm really appreciative of them for, for supporting. Um, anyway, Jonah, the guy I want to talk to the
one and only, um, the entrepreneur, the espionage, the aficionado of web three gaming. I mean, I know
you have a ton of thoughts here. I don't know. I, I'm running out of words. Anyway, um, Jonah,
okay. Talk to me. What's, um, give me some thoughts here about you. Good. Love life. Um,
life moves fast when you're doing DJ and shit. Okay. If you're going to gamble, gamble all the
way, put it all in the house or don't even fucking show up, put it all in the house or
I can't even rhyme. I try to think of a word that rhymes with house. Make sure you friend
zone her first. So that way she knows where you stand. Bro. Okay. Well, we're getting
canceled early in this space. Um, okay. Was that a Kanye lyric? No, but I should be damn. They
should hire me as a writer. I know. I was about to say, are you ghost writing this last album?
But I'm not a rapper. I thought you were creating it. Um, well, I've walked these streets,
a virtual stage. It seems to be wearing an apple head says she's got big dome.
Okay. All right. Uh, can we just get this back on track? Um, okay. So let's just recap everything
because it's been, it's been a shit show. So obviously you got purchase moonbirds,
which I think is the best move of all time, by the way. Um, just, just really just phenomenal
move. And I think that here's the thing. This is why I think Kevin Rose is actually the smartest
person in web three. You had a tweet, Jonah, that I actually really liked. And it was something
along the lines of like, you know, Kevin Rose got out with a bag and all these different things
and like good for him. And if you really think about it, bro, finesse, like a bandit made like
a hundred M's on moonbirds, whatever it was, you know, has a shit ton of supply, whatever it might
be, got drained, lost everything, started doing ketamine and then exited and saved face. I mean,
there's never been a better move. There's never been a better move made. Um, so I don't know.
I mean, I, people are giving Kevin Rose a lot of shit. I, I think he's been honestly, uh, trying
his best this entire time. And I've seen a lot of tweets too, with the, with the Yuga thing where,
people are just like really mad. And I've seen like, um, Gordon and the other founders tweet
a little bit too. I, um, I don't want to say too much about too much, but, and also I don't want to,
I don't want to harp on the insider trading thing. Cause I almost think it's a waste of time.
I did permit the frog meme. Like that's not my business though. I mean, I, I tweeted about it
and it's like, even I look back at my tweet that I made yesterday or whatever. And I'm like, this,
this was a cringe tweet. Like, why am I getting mad about influencers? You actually have to tweet
something about Kevin Rose, or you get at least once or twice during the fund it's required.
It's actually in the contract. Do you think it's that big of a deal,
Jonah, that there's insider trading here? I mean, I mean, it's illegal.
Is that it's fucking illegal. I mean, I don't know. Well, I don't know. Like,
is it illegal to like, I guess, advanced trade on like a Pikachu card or something?
I don't know. But I mean, it seems illegal. But the question is, is like,
it's not like fucking the founder of Kevin Rose again.
They should do like a, who's that Pokemon? And then get like a picture of Kevin Rose. That'd be
a fire meme. I feel like it was Ryan Carson. I feel like the person who do that. Oh my god,
dude. Like Lex Luthor. He just comes back out of nowhere. Taking on the Justice League.
Made the best trade of all time. I mean, look, I okay, I've said this for a long time. And I'll
stand by it. I've always liked proof in before moonbirds. And then after moonbirds, you know,
things changed, obviously. But I still like, bro, they've brought some of the most important art
collaborations that we've seen. They had fucking proto glyphs, which nobody talked. They've done
really interesting stuff. And I genuinely care about the art, though. I think, I think when
price is going up, people care about the art. Yeah, it's like a bull market, you know, you know,
appetizer. A bull market appetite. Okay. Yeah, you get a little bit of trading, you know,
you do a little bit of flying, you know, what's a squiggle or two, you know?
Well, obviously, okay, so I think why it's bad, if this was just like a one off thing,
then I think people would not have cared. But most of you guys announced announcements to get
front run, like right before a coin, everything ran up before the Meebits acquisition, everything
ran up. Like it, it's happened a lot. But the question is, like, can we really put the blame
on Yuga? Dude, this is a massive company. You don't think at some point somewhere this thing
leaked. I was hit up yesterday, or the day before yesterday, by actually like, dude, there's a lot
of people who knew about this. Let's just say it. Like there's a lot of people who knew this was not
like some, like a lot of people knew. And that's why it's like, and by the way, I did not know
ahead of time. I saw some comments on my tweet. They're like, Oh, are you just mad that you didn't
get the alpha beforehand? Do you think I'm gonna fucking trade on this thing anyway? Like, even if
I had the alpha, I'm not fucking buying moonbirds and locking up my capital right now for potentially
what could have been like a 50 to 100% gain, which obviously is a lot. But like, I just like,
it's not even worth my time, to be honest with you. Because one, it's illegal. And two, it's just I,
I don't give a fuck about it. My money's doing things other places. You know,
I don't give a fuck about it. My money's doing
I've you played hell divers too. No, I know about it though. I know about what the fuck Lee.
I know. I know. It's just put your money in Bitcoin and go do something else. Like play video games.
So I've actually a lot of my money is in Bitcoin. And it's been really nice to see it going up.
I just I just sticking by it. I do believe that I saying in the space, Bitcoin is going to fucking
$250,000 in the next three years. That's my
happy word is gonna look like I mean, she already does look like a genius, but she's gonna do
everyone gave her the biggest shit during the bear market. She always got laughed at a wall street
in the bowl. She's gonna look like a goddess. God bless her.
She's really smart. You got to give her all the props in the world. Like just just super talented.
But okay, I mean, in Garza, okay, I'll just wrap it up here with this insider trading thing.
It's never gonna stop. We've talked about this a million times. There's like insider groups,
there's alpha and at the end of the day, like, I highly doubt Yuga was like trying to front run
this or like the majority of employees were front ready. No, there were like a couple wallets
that were sweeping large amounts of them. And the news spread, obviously, and then people also
follow the traits. Like when you see random fresh wallets sweeping like 70, 80, 90 e fourth of moon
birds, there are other people who know nothing about the alpha that just follow those traits.
It's like those NFT whale alert type accounts and people just buy whatever the whales are buying.
So I don't think the insider trading was as bad as what people say. And also the floor of moonbirds
was not super thick. But it's not like there was like, tens of millions of dollars flowing into it.
Still not great and not a good look for the industry. But I genuinely don't think there's
a way to stop this. And plus, Nancy Pelosi has been doing this for years and she's getting away
with it. So actually, it was probably Pelosi, Pelosi, the one who probably fucking bought these
moonbirds. And also, and there's been tweets about this too. So I don't think this is like
any like information that the public is not privy to. But they basically just wanted to
acquire like a lot. This is what I heard personally from behind the scenes. They just
wanted to acquire basically the treasury of moonbirds without having to do a down round.
And also like have a way for Kevin Rose to save face at the same time. Like there was
there are a lot of moving parts. They care about Kevin Rose saying saving face. I think
it's just it was just a product of what they want. I don't think they could give their shit
what Kevin Rose thinks. Well, I don't think you get does. But they're both like, well,
they're both a 16 z funded. Right. So you go, why would they care? Do you have an investor?
It's not like, it's not like Y Combinator. Where you're like, I mean, yeah, it's like good to have
well, it's it's not you. I mean, look, for in this way, a 16 z saves two portcos,
and they get to save the face of somebody where like, if Kevin Rose wants to go do something else,
they can say, Oh, well, we'll fund that idea. Because Kevin, I don't know about that one.
I think that I think he's in a long vacation. That's what I heard. I think he's gonna need to
take a rest and, you know, go with Ryan Carson to Lake Tahoe or something for like a season.
And I don't think like, I don't think we dunk on Kevin Rose a lot. And look, it's a I get dunked
on every you get dunked on anybody who's in the public eye, we just get dunked on. That's part of
this. And that's totally fine. But I don't think Kevin Rose is like some malicious bad actor who
like tried to rug collect. I don't think it's that at all. I think he's like a little bit out of his
depth and just didn't understand the web 3d gen culture and like what actually moves the collection
he could have quit way earlier. Are you saying that in like a positive way? Like he stuck it out?
I'm saying that if he had quit way earlier, the moonbirds wouldn't need to be acquired.
That's what I'm saying. If he had prepared for someone else to take his place. Right? If you
feel out of your depth for like a full year, I mean, you're kind of overextended your stay now.
I mean, I guess but it's also like not easy to just like quit and find somebody to replace you
because and by the way, you've got that kind of money sitting in your treasury and a really
qualified team, you could probably figure it out within like a six month time span.
But here's the question, though. It's like, okay, so you got houses now, they're CC zero,
what I think is that they potentially just either like burn the original collection so
that they can have an IP foot like they can just like re mint them essentially, which I
it might be more unlikely. But what do you do with the CC zero collection, you could have easily
supported the moonbirds project and NFTs without actually having to own them. And that's like the
weird thing about CC zero. But again, it's more so about acquiring your treasury, their assets,
their team, the branding. And you also get like thousands and thousands of more holders within
your ecosystem. So for some, that's a positive for some, that's a negative. I don't know,
I think it's just the timing thing, the space that I hosted right before all this news came out. So
it was the one we did previous. Basically, the entire thing was about Yuga and we had some
og holders on stage, just like talking about their frustrations. And literally the next
fucking day, like literally on stage talking about they don't get it, they're out of their
depth, their fingers not on the poles, they're not satisfying board apes, whatever. And the next
day they go out and do this. I was legitimately shocked when I saw the announcement, not because
it's out of character for Yuga to acquire things. We've seen them do it in the past. But like the
moonburst thing was so random. They just felt so random. Obviously, both a 16 z affiliated. So it
starts to make more sense when you look at it that way. But I don't know. I don't know. I guess
but here's a part of this that I haven't seen people talking about. This is a great thing for
moonburst holders, right? And it's probably one of the best things that could happen for moonburst
holders. They finally have like a company that will focus on them so on and so forth, or they
don't focus on them. Meaning that me bits and a lot of these other collections within Yuga also
don't, they get to be in the other side. I guess Yeah, they get to be in the other side, but nifty
islands putting every fucking collection in there anyway without having to acquire them. So it's
like they could have been in the other side anyway. So it's like what do you even like if I'm Yuga,
what do I do for moonbursts to change the sentiment? I don't know. Let that shit rock, bro.
You let that shit rock, dog. Like NFT projects need to fucking die, bro. We need to stop giving
people like, dude, why do people get to run away after they made a bag? Because they saw Yuga
and they're like, damn, I want that. Luca literally raised something from the dead,
and everyone's like, bet I can do that. No, you can't. Sorry. This is the easiest,
this is the easiest financial win for Yuga. When you look at you look at collections,
you're looking at previous all time highs. It has tremendous previous all time highs.
And all they need to do is fix the perception of IP, which nobody actually uses anyhow.
And you're correct. It's probably, I don't think it's a burn mechanic. I think there's a legal
argument to be made in terms of the wrapping scenario. That's going to happen to any,
every Yuga asset and everything that's going into the new magic in Yuga marketplace,
using six, five, two, nine, get really limited break contract. If they do that and they shirk
off, again, it comes down to who's a claimant. And the issue with CCO is that once you make
it public to the world, it's hard to take back. But by definition, IP specifically is about who's
going to make a claim against it. And so CCOs to the world, who's going to say that they built a
business off of CCO. And that was reasonable. Therefore, I believe if Yuga is able to push the
IP narrative, which shouldn't be that hard, they can just make it up and people believe it.
And they can add the IP back into the Yuga ecosystem. I think the upside for Moonbirds is
massive. And it's an easy win. Okay, wait, so that's actually an interesting take I haven't
heard. And I see I want to go to Naveen too. By the way, if you guys downvote anybody, we're going
to re implement this rule. If you downvote people, I'm going straight to you, but the take better be
hot or I'm insta kicking except Naveen. Naveen, I will never remove you. Look, the take is
essentially that they're going to wrap them. And now that the IP will be reinstated. Is that even
how fucking law was that even Naveen you're downvoting? It's optics. Just just to be clear,
is it is it fully legally like sound? No, I don't think so. In fact, to be clear, as far as I'm
aware, there's never been a reversal of CCO case that's been that's been pushed or proffered. So
it's actually blue ocean in terms of how it legally unfolds. But again, I get back to the point of
enforcement, it would take somebody suing, saying I built a business based on the CCO expectation,
which is crazy. And therefore you damaged me by taking it back to not CCO. So it's I think it's
more of a functional rather than a truly legal thing, because they don't have to face legal
requirements. All right, Naveen, lay it on us. I just take issue with the idea that it's easy to
build an IP business. I just think like anyone who says that has never done it. It's incredibly
difficult, like the the market for IP is incredibly crowded. So you know, everybody and their mom
wants to sell IP and turn it into a business and try to make the IP valuable. So I think it's I
think it's remarkable what Luca has done with something that came out of this industry. And
I think it's incredibly hard to repeat that. I think it's not doesn't matter how much money you
have, doesn't matter how much resources you have. It comes down to just like the accessibility of it
out there and to the general public, you know, like, is the general public going to want to buy
honestly crappy pixel art of owls? I don't think so. I don't think that's very marketable.
So Naveen, I actually agree. We're agreeing. I'm not talking about actual IP building.
What I'm talking about is the optical all time high previous reality. And the idea of the fact
that what what Luca has built that IP can work is a speculative tool that will allow moonbirds to
flourish probably probably to 12 to 15 without actually having to do anything substantive is
what I guess what I'm saying. Yeah, so I think what's interesting about that point is I think that
I think people kind of see through the mirage a little better now than perhaps they did in the
past. So you know, what's interesting about the Luca thing is, you know, the point you're generally
making, which I also currently agree with is that, well, hey, Naveen, you know, what really connect,
what connection is there really between owning a pudgy NFT on Ethereum and the fact that there's
a $12 toy available for sale at Walmart. And the story is that, look, if there's more and more and
more people out there, millions of people out there that fall in love with pudgy penguins,
they're buying the products, they're wearing the merchandise, they're buying the toys,
they read the comic books, maybe there's a TV show, whatever the hell happens over the time with
with pudgy penguins as sort of a quote unquote narrative and a story and IP.
You know, there is an opportunity to create super fans, you know, that there is an opportunity to
create super fans, like net new super fans, and those net new super fans one day wake up and go,
hey, where did this originally come from? Oh, wow, pudgy penguins actually is an NFT collection.
That's the origin. And then that helps bolster the value of these like existing NFTs over the long
haul. I'm not suggesting that's like anytime soon. I'm just saying like over the long haul.
And the point I'm trying to make to you is like, Luca has been really articulate about what I just
said, like, that if you talk to Luca, that's he would tell you basically the exact same thing in
his own words in terms of his vision. And he's been pushing that narrative now for well over a
year, you know, like a year and a half, probably, he's been pushing this like specific narrative
and delivering, he's like, yo, I'm going to figure out how to create product A, product B, product C,
product D, and I'm going to have it distributed as widely as possible. I have digital products
available as memes on fucking, you know, Giphy and on Instagram, and you know, all the places
like that, I'm going to have physical products available for sale, like all over the fucking
world. And I am going to work my butt off to nurture a new generation of superfans that
originally that eventually hopefully give a fuck about these like OG NFTs. And I don't think that
that's like as simple as spinning a like bullshit narrative for you got to pull that out of their
ass for a bunch of pixelated owls. So I'll just push back real quick, and then I'll end leap.
And thank you. I think you respectfully kind of undermine and reinforce the same statement at the
same time. Again, I completely agree with everything you're saying, in terms of I don't believe that
no, no, I don't believe that Yuga has the bandwidth to accomplish what Lucas hyper focused approach to
the optics of the same kind of approach to reach success. But you said that but you said that you
see that people are don't like see through it. And I agree. But there's a this is a new,
this is a new metric, this is a new parameter in terms of it working, even if it's still optics.
And so I do think that there's still going to be a trickle down of projects that are
giving the impression that they can do the thing that Luca has proven quote unquote, to be valuable.
And again, it's the tokenomics all time high previous example, that I think doesn't reach the
same. Because I don't think that you can accomplish what Luca did with his hyper focus. But I think
we'll have a tremendous impact on price. Can I can I jump in here to like after Naveen? Go ahead
and respond. But I just have something on this topic. Yeah, I just I just don't I just don't know
that. I think I think it's damaged goods. Honestly, like I just think it's damaged goods. I don't
think that, you know, as you pointed out, in numerous times, like, you go doesn't have the
bandwidth, you go doesn't have the focus. So, you know, can they pull random things out of their ass
to try to like optically create something that's even 20% of what you know, Luca has been able to
do. I mean, look, anything is possible. But I have not seen anything from that organization to
indicate that they know even know how to where to even begin to do that. It's an art, like the IP
licensing game is an art. It's very, very difficult to convince a toy maker, for example, overseas,
to spend their own hard money, by the way, you know, to pay a minimum guarantee to like make
product to go and sell the fucking rep at a Walmart to give you shelf space. Like, it's really hard
to do. Do you know they didn't fund the MOQ? I what do you mean? I Pudgy Penguins did not fund
that MOQ dude. No way. So you know that I'm saying this all masking. If it's true, then it adds a ton
of grit and gumption. My assumption was that his experience with the gel blasters, because I do know,
CBG would give the the trust to allow essentially the back end for for placing them but not the
production doesn't have experience in in plushies. I my understanding is that the way it was structured
is a very classic licensing arrangement. So in a typical licensing arrangement, the manufacturer
takes the risk. That's a very classic. When the when the when the IPS traction and we're agreeing
by definition, they didn't have the track. Well, no, no, no, that's not true. What Luca would say
in response to that is that wait, the IP has enormous traction on Instagram and on Giphy and
all these other places. So you have to look beyond this like Twitter crypto universe. And if you take
a peek at Pudgy outside, he has enormous metrics that would intimate that you know, a point maker
might be willing to take that risk. Naveen chicken and egg, right? That conversation. No, no, no,
just hear me out. That conversation with Walmart started six to eight months, if not longer ago,
when they didn't have that traction. They actually did. Because that's where he started. So if you
if you look at the actual trend of, you know, Pudgy penguins performance on Instagram, and Pudgy
penguins performance on Giphy, that's actually the first thing Luca started working on after he
acquired Pudgy. And that was like one of I think the most intelligent things that he did was like
immediately after he started, he acquired Pudgy, he invested enormous amounts of time and effort
into creating these cute, you know, penguin memes and animated gifs and all this kind of stuff and
proliferating them as much as he possibly could to create those metrics. Then you're right, of course,
we all know that getting something shipped into Walmart takes an enormous amount of time, like
there's no debate about that. That's obviously true. But I highly doubt that, you know, a toy
maker like that is going to even like, you know, like even the cost of designing, you know, the
products and creating these products takes an enormous amount of time and effort for a license,
a licensee to do. And it's four plus months and probably north of half a mile. Yeah.
So so the point I'm trying to make to you is that to say that Yuga is going to be able to do that,
starting from zero, because look, if you if you compare apples to apples here, you know, the moon
birds have zero in terms of any social credibility, I would argue in this industry and far beyond.
Whereas if you go out there in the world and look at Giphy and look at Instagram and look at
other places for Pudgy, Pudgy is fucking huge. It's like fucking huge on these other platforms.
And and that is where and by the way, board ape is nothing on these other platforms,
like you guys not invested an iota into like trying to play to do this similar playbook.
So to go from a standstill to like making any progress in that regard takes a lot of time,
be a lot of focus, see a lot of money and effort. And who knows? Maybe you go wants to try to do
that. But I don't even know they have the right people on their team to do that. No, I was going
to come up here. Go ahead. Hold on. Hold on. Hold on. Hold on. I want to go. We got to go to the
hands. We got to go to the hands in the order of the hands to Emily was first. So we'll go to her.
But I do want to say that I mean, look, moonbirds have as much credibility as crypto punks. Emily,
I'm throwing it over to you. What's going on? Your takes are ridiculous tonight. As ridiculous
as those Kanye lyrics that we heard in the beginning. But yeah, I wanted to ask Naveen,
I mean, see, I mean, I understand what moonbirds look like and this and that the other thing.
But what if I mean, if they acquired this, they could rebrand that. I mean, birds are cute,
right? Like pudgy penguins. They're cute. Like they could make like these moonbirds into cute
birds. And do can't they just do the same thing? But you know, like it's a bird and it can be cute.
I don't I don't know. I don't think it's that big of a stretch.
I mean, look, Emily, you know, I can decide I can decide that I want to go and build a fucking
electric car tomorrow and start from scratch and decide that I want to go do that. I mean,
yeah, anybody can do fucking anything. I'm not going to sit here and say they can't.
I'm just going to sit here and say that I think it's highly unlikely that they're capable of
pulling it off because I've not I mean, unless you tell me otherwise, have you seen Yuga
do something like this? Do they have that natural skill or talent?
They'd have to go hire the people which they can do. Those people exist for sure.
I mean, they have a lot of money. And they know how to build a brand they built for today.
Or so they didn't build for it. They know more than the Ponzi penguins in the vein.
I mean, what I would say is that like, a comment, a common thing is, hey, Naveen,
they have a lot of money so they can do anything. And I'd say, well, yeah, but like,
there are lots of corporations out there with lots of money that can't fucking figure things out.
I mean, like, name the last new product that Google released, you know, that you're like,
oh, my God, Naveen, like, dude, have you used Google X, whatever the fuck X is?
And it's like incredible. I mean, most people can't even name like, they're like Gmail.
Dude, Gmail came out fucking like 1000 years ago, right? Like, Google has unlimited money,
literally unlimited money. It's crazy. Like, money does not equate to an ability to execute.
What that is about is about having vision and focus. And then like an ability to act with urgency.
And sometimes when you have lots of money, you don't have an ability to act with urgency because
you're just sitting on your laurels going, well, man, I'm clipping my paycheck. I'm good. I don't
need to act with urgency. You know, like, if anything, I think Yuga doesn't act with urgency.
And that's the scariest part of the whole equation. No, I get that. I mean, I just, I just,
I look at Yuga and I look at the, you know, everything that's in that sort of ecosystem.
And they don't have something that's kind of like, and I know this sounds really simplistic,
but just bear with me, like something cute, like, I mean, cute things sell. I'm sorry,
but they do like, like, and, and being a cute thing, you can sell to a demographic,
which is a lot younger, you know, like that's pudgy sell to a young demographic with a little
plushies and things like that. Right? Emily, Emily, put a put a pudgy penguin or even a cool cat
up against a moonbird. Are you going to tell me that a moonbird looks cute?
Okay. Right now, like the moonbird, like with the pixelated stuff, not very cute. Okay. Definitely
not very cute. Okay. So then are you talking about an entire, so now they have to design an
entirely new collection. Well, they could design one based off of like that bird sort of situation.
Like, you know, like, I mean, people do variants of comic book characters all the time. Like it's,
you know, there's a lot, it's very lucrative. You know that. So like, for me, I just see,
okay, just do a variant that feeds into the cuteness factor and milk the crap out of that.
And if you, I mean, Emily, you make it sound, you make it sound so easy, you're hired,
but like, I mean, it, I know it's not easy. Like I know building IP is not easy. I totally agree
with what I mean, Emily, you're, you're, you're a world-class musician.
When's the last time someone told you that it's easy to write a hit song
and you're a wannabe taproot wizard, Ponzi penguin. I don't understand how that
what the hell is a Ponzi pain. Okay. We're not doing, okay.
Here's the thing with you guys don't understand about Pudgy, not Pudgy. This was supposed to be
about Yuga and Moonbirds, but I do guys think congrats to Luca because they, I mean, they're
being fucking handed this on the silver platter by Yuga. Yuga is just, I mean, not that they didn't
work for it, but it's their moment to take number one and they did. So congrats to them.
Now in regards to Moonbirds, they do have the mythics. Nobody talks about the mythics collection.
I think the mythics have really good art. I non-facetiously, like I truly believe the mythics
is a good PFP collection and there's a lot of stuff that Yuga could do with that. Maybe they
don't even give a fuck about the regular Moonbirds because they are CC zero and they have the mythics
and the mythics. They can do things with that, whatever it might be. I just don't even understand
why they need to do this. They raised $400 million at a hundred mil from the mutants. They made
hundreds of millions from other side. Why do you, like, let's say that the treasury of Moonbirds
had fucking or proof whatever had 25, 30 million in it. Why do they need to do this? The potential
downside from doing this, in my opinion, the brand risk, they've lost way more in market cap than
probably whatever they took in cash. Why do they need to do it? What is the purpose? It literally
means no proof. What do they want? I love you. Just let me just finish my thought and then please.
I got some shit to say. God damn it. I'm just trying to be respectful. I'll finish with,
I believe that the main pieces were we can, we can wrap it and recreate the IP. That's great.
We can get some capital in without having a down round. Great. And we can save 12 fold and
the art perspective of Yuga by putting that into proof's hands. So I don't think, I agree. I don't
think Moonbirds is the focus. I think it's an easy medium, small to medium win in terms of capturing
and revitalizing IP. I think it's funneling the art portion and kind of creating lore and concept
around the 12 fold stuff. The Yuga is the equivalent of Playboy Cardi. Just the albums
get worse every time. The lyrics get worse. Everything about it becomes worse. It just,
you lose everything and then it becomes highly satanic. That is, that is basically the, they are
the Playboy Cardi of web three and I love Yuga by the way. I will not sell my other deeds and I'm
ready to play it when that game comes out. That being said, this move makes no fucking sense to
me in any way. Okay. We're going to, we're going to levitate it for who excited to play the other
side. Are you on nifty Island right now? Are you visiting each other's islands? I don't think
you're doing that. Are you on the gaming council now? They bought you out. No. All right. One
second. One second. You guys fuck all the gaming consoles. Fuck everything that we know. Fuck
everything that we see. Everything that's going on. Fucking B right now. Cause he's interrupting me.
Um, realistically you guys like honestly, did, did Yuga labs come in here and initially start
with CCO? Did they have a community that came through and took that over themselves in order to
expand it a little bit? They did. They were, they were kind of the first people that actually gave
IP rights to their NFTs. Now Naveen, you kind of corrected my thoughts here for a second
with what you said, because I'm like, okay. Yeah. They came in. Like they, they, um, they, they kind
of, they front ran the IP like scenario within the space in NFTs, but you are so right. Whenever you
bring pudgies into the equation, because the way that pudgies did it is they reached outside of
web three, they reached out of Twitter, what we got, what we're seeing right here. And they started
creating IP through memes, through relatable content, through everyone. So they did very well
there. Um, damn, like all this different stuff kind of threw me off a little bit. I don't, I don't
know what's going on in space. I don't know what's going on with Yuga at the moment, but I feel like
maybe they haven't like their mindset is probably like, okay, there are a ton of dedicated holders
behind the mood birds that are fucking sad that they failed. Right. So them understanding that
they already have a community base that is interested in creating their own IP with those
NFTs that they own, maybe they can capitalize on the fact that there is a, a, um, a foundation to
then, to then grow from there. Right. So, so maybe they're looking at it like this, right? Like we
kind of front ran this whole IP address and they gave out CCOs, yada, yada, yada, whatever the hell
the legal terms are for all of this, right? I'm not going to get into that part at this moment,
but maybe their mindset is like, you know what I mean? Like we kind of front ran this. If we go
ahead and we capitalize on all of these collections that are falling behind, but were, you know, them,
like they were blue checks, they have solid foundations, good communities that don't want
to give up on the fact that the founders had left them because guys, this is a fucking decentralized
space. Fuck the founders at this point, because who owns the NFTs? The people do. So being the
people that own these NFTs, it's up to them, what they do with these things going forward.
So with Yuga understanding what they were able to do with the board apes, with fucking board burgers,
board and so on, board apes didn't do that shit. Their community did that. Y'all the people did
that. The people, these people down here in the bottom of the space, these people listening in,
those people did that because they believed bro. You're like, you guys see that? So maybe that
they're like, okay, we, if we capitalize on moonbirds, we are rescuing all of these people that were
basically like quit on by the founders. So knowing that we already have a foundation of like,
and you guys, I don't, you know, I'm not, you know, like pro board ape or any of that shit,
right? I don't, I don't care what you do, who you are, as long as you do it right. And you do it
for the people salute to you. What I'm saying here is maybe from a business perspective,
what they're seeing is an opportunity to, you know, give this to the people again to run.
And yes, they're going to make monetary value out of it, right? I mean, they're going to make
their gains. It might be a selfish, like, I'm kind of getting off topic here. It might be a selfish,
like, outlook from them from a business standpoint. But, um, but, uh, like, in my mindset, y'all,
I don't even know what the fuck you guys are talking about. I jumped up here because it's
been forever since I've been in space. I, you know, I respect you guys. I didn't mean to jump.
You said you had this crazy take. I do. What is, what is it? Look, this is that you said,
put it in the paper, the tape tape, bro. Fuck what you is doing. It's what we are doing as
people, as collectors, as growers in the fucking space. Like we are all the owners to digital
ownership is about IP rights, right? Digital ownership is about CCO. It's about what you
can do with this physical or digital item that you own. Now, is there like, I mean, there's
obviously like 90% of people aren't going to be able to utilize the CCOs, but there's going to be
that 10% that capitalize on it because there are, you know what I mean? Like there's a foundation
there and like, there's some interest with, within web three, but now what Naveen brought to my
attention, cause I was going to kind of like disrupt the whole ship and Naveen brought this
to my attention. Like Pudgy penguins built this foundation outside of web three before they,
before Luca came in and was like, yo, let's bring this shit mainstream. By the way,
Luca was already fucking drop shipping, like whatever, whatever people called him and shit.
Like, like he knew that game. He knew where he was in. So he knew how to capitalize. He,
he had manufacturers, he had all that shit. So he was like, look, man, these are cute.
There's IP credibility there. There's a community behind it. Let's fucking take this to the moon.
Let's bring it to the fucking people. It's not that hard to get into Walmart. Let's be real.
Anyone can go and apply for fucking Walmart. Anyone, anyone can apply.
I have Walmart distribution center in my dance. Anyone can do it now. I really don't think that's
credibility. I'm literally friends with Charles Walgreens in order to get in order to get floor
space. This is ridiculous. You know what? This is ridiculous. What do you mean? What do you mean?
Walmart is in your DM. They're like sliding into your DMS. Like, Hey, big head. You want to like
get into our distribution? I'm trying to get into a distribution center. I don't know. I'm just,
here's, okay, this is what we're doing. Takes have to be concise and brief and to the point.
And if they're not a hot take, I'm ending the space immediately. If one person does not give
a take, that is a solid take with a real point, not only will I end the space, I'm deleting my
account, putting web three forever. Okay. That's it. Secondly, putting in the hands of the people,
fuck the people. Look at ape coin down. Dude, you cannot rely on the, this is not 2021 where
quote unquote community is the vibes. Bro, price was going up. So people are happy. That is how it
works. Community, like we need to just like start being honest. It's not the people that took fucking
board apes to 150. It's the like, do you think it was retail buying board apes for half a million
dollars a piece? Fuck no. Like it's just not, this is not how it works at all. And it's like,
oh, we're buying moonbirds to give it to the people. Dude, what the fuck are the people going
to do with moonbirds? What are you going to do? They have the kennel dogs, they have the fucking,
all the heavy metal shit, whatever happened with that, the other side, other deeds, we need a whole
community for that. The apes, the mutants, the crypto punks, what are, the angina is starting
early, chest pains. It might be because I'm vaping. We're probably going to see a lot of issues in the
next couple of decades with these vapes. Anyway, look, I agree with some of the takes levitated.
I disagree with some of them, but I think that's how it goes. We're going in the hands and we're
going fast and we're going brief. I do want to go to nb, but we're not going to. So we're going
to Jonah because I know this is going to be, oh, the Ponzi penguins, the Luca and the Ponzi penguin,
that's basically what it's going to be. I already saved you guys 20 minutes. Okay, we're going to
Jonah and he and I will end the fucking space if these takes are not immaculate. Unless it's
Naveen. Look, Jonah. All right. I'm on mute because I never said that we're in my DMS. I will
leave after this because leave out a lot of respect for you before you came mainstream,
bro. This is about the people. I don't give a fuck about none of this, bro. Like at the end of the
day, it really is. You can choke on Walmart isn't in my DMS, but what I'm saying is you can easily
go apply to be listed in Walmart. Now you do need the traction in order to get in there.
And that's where Luca fucking did what he needed to do to get there. So at this point,
I respect you, bro. I had no bad takes, none of that, but y'all have a wonderful day. I'll drop
down to listeners. Yo, and fuck Jonah. Jonah stood me up tonight. He was supposed to. All right.
Thanks Levitated. Thanks for being a good sport. By the way, I'm just, I'm off one today. I haven't
slept in a while. Um, and if they're in your DMS, I want them in my DMS too. Also NB, no one's
getting lunch with you. Jonah. All right. We're going over to you. It wasn't lunch. It was Mr.
Swindle circus. You see why you guys understand? Do you guys not hear that? You get, you do
understand. All right. Anyway. Um, so I figured I thought about it and I figured out the marketing
plan. Here's my hot take. Here's what they need to do. Cause I know, I know they're rebuilding
the other side from scratch. What have you noticed? All right. They got birds, they got dogs,
they got monkeys, they got, I don't know, they got mutant monkeys. What does it look like?
Gutter cats is next. Sorry. Yeah. Gutter cats. They got a zoo. So what I'm proposing is we,
there you go. Do you run crypto zoo? Bring Logan through. I'm actually vibing with this.
This is a big, listen, listen, you're going to bring crypto zoo back and give all the money
back to all the other cryptos. People will lost their money. And it's like, holy shit.
The apes, cause this is what absolutely do. Coffeezilla is doing a video in like three seconds.
Okay. So you're getting 2 million views. Every streamer is doing a fucking push on it and they
go, man, we don't like these apes, but goddamn, you know, they're better than Logan Paul. And
everyone starts going, huh, they're not that bad. Boom. Save the project. All right. I'm ending the
space. I'm not even kidding. That was the worst take I've ever heard in my entire life. He's a
horrible person. He really is. You're no, okay. Who stands up someone at a circus leap? It's
fucked up. Who meets at a circus? Look, I told them meet me at Mr. Swindle's tent and I stood
out there. He would never showed up. I went in Mr. Swindle's. I saw the whole show. I looked
could you just imagine the publicity of derugging crypto zoo and turning that into an actual game?
I'm sorry, but like it's like golden to you guys. Listen, you're overthinking this. Pick the
dumbest possible idea and make it a little funny and it'll do better than anything else
that people are taking seriously. Remember that everyone here is dressed up as a barn animal.
Literally Naveen is a naked penguin with a magic hat. He just looks like a fool.
It's so I'm just saying, you know, the picture doesn't lie.
It's way better than you would have to do a tweet saying Yuga has now acquired my company.
Do you understand how much immediate dollars that's worth? That's worth more than the moonbirds.
Actually, no, the treasury is pretty heavy. But aside from the treasury,
that's worth more generally than anything else. The treasury, Jonah, we talked about this.
Well, that's fucked. That's fucked. Then I don't know what the hell we're doing here.
I thought they did. If they didn't get the treasury, this is just like we're going to go
to NBS point, which is why the fuck are we talking? I'm not going to lie. I just muted
instinctively. Like I don't need you probably were going to give a good take, honestly.
What I think you guys don't understand is that moonbirds have some of the most important art
in the space. What? Shut up, dude. Okay, dude. Okay. Can we all right, we're going to nb and be
like you're talking about. Yeah. So we're going to go to me before you rudely muted me. I understand.
It's okay. We're going to go to North. No, we're not going to do that. What we're going to do is
listen to nb who's about to tell you why the fuck are we talking about it?
Steven captain, God bless their souls, seven hours space. There's no new information. There
is no new information on any of this that people who are conveying new information probably
shouldn't be based on their positions at these, at these companies. So like, I just don't understand
why it's a topic of discussion when like we just need to wait for more clarification and nothing.
We say, even if we all come to a consensus, you guys should do this. This is the right way.
You're not going to fucking do that. You're not investors in you. You're, you're, you're, you're,
you're consumers. You weren't, you weren't the consumer. Like we're acting like we're investors
again. And I don't like that. I don't, we're never not investors. We don't have any say in any of
this. Like we're just along for the ride and we have little to no information at the moment.
So why speculate on what direction it's going to go. They like gaming. They mentioned gaming
late 20 times. So I'm bullish. I like games. They like games. It makes sense. You only like games
because you're on the Ponzi paying when gaming council, you look at a piece of cloth and call it
million dollars for being on the council, bro. And B you are insufferable. The word insufferable
was created for you specifically. Secondly, um, speaking of gaming, look, the biggest announcement
of the year, of the decade, of the millennium and of the fortnight knock amigos, Diablo four
collaboration. And you guys are ignoring the biggest potential winners. They're going to
drop a token. It's going to go ballistic. And gaming is the, uh, I thought I was going somewhere
with this. Look, knock amigos, they, they have the game and no one's talking about it.
All right. New theory, new theory. The knock amigos knock, knock amigos are actually owned by Yuga
and the trailer was so bad. They're like, fuck, we got to do something. Even we got to do something
so dumb that they don't even know that that thing happened. You're welcome. By the way,
Lee, did you see knock amigos? Yeah, I thought that was the drug
version of knock amigos or the people that are arresting Kevin Rose.
Arresting Kevin. He's got enough. He's got this and you don't know. It was a joke. And wait,
because of the raccoon, the rack, that was a good video. He's, he's, he's asked. So Kevin Rose went
viral for beating the shit out of a raccoon on YouTube. But like, with good reason, like he
didn't do it just for fun. Wait, why? It was attacking. The raccoon had it coming to him.
But like he just, yeah, in like the most alpha way pot, he picked that animal up and through it.
Did he? I would never do. I would never touch a raccoon. I would pick it maybe.
Guys, I literally thought I was going to be a thought leader. I, it's just how far I've fallen
from the grace of God, from the grace of Kevin Rose. Look, why don't we talk about ordinals?
I can't do this. I just, okay. Why? Why would I buy an ordinal when Bitcoin goes up?
Okay. I, I just can't. Look, there's other drama if you guys want to talk about there's
the whole early contributors bonk thing going on with with anybody. What about the second
richest man in the world's son selling his punk? No one's talking about that. Come on, bro. He's
dude. He's pouring. He needs money. That's not what he said. He says he wants to buy a new one.
Dude could sneeze and be like, Oh, I didn't mean to accidentally buy you. I'll fix.
Well, no, he launched them. It was like one of the biggest rugs of the year.
Dude, he's so rich. He's like a quarter of the market cap of Ethereum.
Well, yeah, like if he has a punk, he might as well just buy you good at this point.
He's so rich. You could trade him as like a commodity.
All right. Can we stop talking? Everyone's aware. He's the second richest man in the world.
Go back to your carnival. Jeff Bezos moving on. What's going on with me bits.
Dear God, nothing got on me. Bits are like the original punks too. Like that was the,
there's a game on the app store you can download right now called, I think it's road trip. And
that was the larva labs game. And you'll be like, holy shit. This is where punks came from.
Like it's, it's literally me bits. And then you look at what happens. You acquired them.
Well, nothing. So he got them. That's people's biggest complaints here. And in regards to the
moon bursting, from what I can see is like, Hey, if they had faith that after acquisition,
they would do a bunch of stuff for the projects. I don't think anybody would be
fighting it in any way. Maybe it's, they're going to be another side. They have like a city
metropolis. I did see that. And I actually, I think I still stand by, I think maybe it's
have some of the most fun art in the space. And I like how they're 3d. And you can look at them
during the listings as different trades, all these different. I like doodles, man. I think
doodles are on the come up in a serious way. Do we think me bits hit all time high again,
being under you go? I mean, do we think board names hit all time high being under you go?
Do you know the person who made moonbirds animation was doodles. So like doodles could
just service more you get animation and make a bunch of money in print.
Okay, so these are choices here before we go in circles, we can continue to talk about moonbirds,
we can talk about you got talking about pudgies, we can talk about this. I'm interested to see
what you guys have you guys been paying attention about this bonk sort of early contributors,
you know, that's like $227,000 being unlocked to 22 people every single day.
From the early control, the bomb.
Can we meet some of these people who have wanted
or is that they wanted to actually you just said you went $200,000 a day. That's what I heard.
That's what I heard too. Okay, so I'll just give us some context. This is ridiculous. So there's
early contributors to bonk. And these are the people who basically launched it. And it's like
the monkeyed out people and like a few other people, whatever. And I think it's
they're besting the schedule right now is there's over $200,000 being unlocked and given every
single day to these 22 people. And they're they have like eight figures are just dumping every
single day, just making a fuck ton of money, which is fine. Look, you built the damn thing.
It became huge. It was like big thing for Solana did a lot of good. You deserve to make money.
That's how this stuff works. You get a percentage company does well, you make money totally fine.
The drama is essentially they were coming out and saying a lot of them that with dog with hat
was like an insider cabal thing and that it's like eating their lunch and it's a grift and all these
different things. So there's been like a ton of drama back and forth between Ansem and and these
other early contributors from bonk. And it's like a big thing in the Solana community right now.
Does anybody on stage have any takes about this? Or should we just move to something else?
I've not floored all my life.
Luke, all the air pressure in a vein into flooring his is wanna be Tapper wizard Ponzi pain.
Bro, you don't even own the punk that you're rocking. Lou.
I just make you co host here. So I don't have to unmute the stage to hear your take. That's
that is how down horrendous we are. Yeah, we're gonna hear a loose take. He's like the what do
you call the Princess Alana over there? Alright, Princess Alana talk to me. So honestly, it's just
a bunch of people that are bummed out that they didn't put their money where their mouth is when
Solana was down so fucking horrendous. The early contributors absolutely deserve to get paid. They
fucking built this shit out. They have a fucking large network of individuals that are literally
helping build out every single thing that has made Bonk do what it does. Like it only goes like
this. It's only had this fucking pattern of trajectory because those people were initially
involved and we're all fucking bullish on it, dude. Like if me leap and bad brothers go start
fucking cronk, no one's gonna fucking buy that shit. I think it's all bullshit. Everyone should
just go make money and be happy. I think it's fucking stupid. There can be two memes. I think
they're all just bitching. I think some people have potentially had a pretty big come up and maybe
are upset that they're not getting paid out like new people. I don't know, dude. People
look for anything to fuck. There's some solid people on that list that are Bonk contributors.
Okay. I mean, they are making a shit ton of money. I think they should just kind of just
I mean, I don't want to make that much money, but like fuck.
They're each what making $10,000 a day every single day. We just got to be better, bro.
It's insane. It was a large percentage, but nobody complains because Bonk obviously made
people a ton of money. It was free and it brought a lot of traction to Solana as well.
And I agree they should get paid. I don't see anything wrong with that.
With is just, I saw this was a post from Kevin and it's such a good,
one of Kevin's best posts in my opinion. No, no, no. Okay. Money. He said Bonk is a tech based
coin dress as a meme coin, which like you could argue one way or another. They basically just
have Bonk bought. That's like really popular, but there's other stuff that they've done.
And then he said with is a meme coin. Bonk created the landscape for meme coins to thrive in Solana,
which I actually agree with in the landscape bread with, which gave a new generation of
Solana traders, their own mascot. Both coins are net positive for Solana. And yeah, I mean like
with is a meme coin. Nothing wrong with that. Dude. I literally got in day one, 250K market
cap and sold for a 0.5 sold up. I literally 250,000 with at a two sole cost basis. That's my,
that's my trade of the year that I fucked up on so hard. How much would that have been worth at
all time high? Probably close to six figures. Well, welcome to that. You got a dinosaur.
No, that's actually not his. It's an honorary. He's not on chain.
He's got this animal coming. I'm sure. Oh, it is on chain. I thought you said it wasn't.
We're working on it. We're getting it added to the hash list. So people can't don't throw me
anymore. That's the alpha. I have an honorary crypto punk too. So I don't know in the trash.
It's not in the trash. Okay. Glass sounds safe storage for an extended period of time.
Okay. What about that eight point Dow, huh? It coined down arbitrary.
Eight point Dow hasn't paid machi yet for AIP three oh four. That's why he's building his own
chain outside of a coin Dow, but using the eight point as well. By the time he gets his
eleven million dollars, it's going to be eleven dollars. It's going to be after the other side
launches. Oh, probably further. They just bought moonbirds. No, the eight coin Dow is not related
to a coin. I mean, the apes you go. Yeah, totally. They started every day. This is so tiring.
Can we, oh, we got to just have a conversation here. Everyone's throwing out random words.
The arbitrary thing is interesting. I don't know. I thought they were supposed to be our polygon
first and then I heard a lot about optimism and they ended up choosing arbitrary. They did a vote.
I'll tell you exactly what happened. They did a vote. Polygon came in second. Arbitrum came in
first. ZK. Nobody really wanted. I don't know why optimism was in third. Machi didn't like that.
Machi said, fuck you. I'm taking my ball and going home. Machi is doing something called the
Ace Chain supposedly, which is going to do a coin. People who do the coin are on Arbitrum,
which is separate from optimism. You guys said, well, guess I'm on Arbitrum. Haha.
Something about fucking you guys separating. I don't know. They still have no games or projects.
It's just like a free verse poem you've been working on. What was it?
Oh, that's literally what happened. I'm just doing it in fast mode.
It was a haiku. Felt like one.
There was something else I wanted to mention before we got completely off topic here.
Oh, it was Leor. So if anybody knows Leor, he's the one who has the Trippie Mega Mutant Ape.
He also did the Mutant Hound collection, which was heavily supported by Yuka. And he came out
and he made a tweet essentially along the lines. Is that one also on Crypto Zoo?
No, his family, his family are billionaires. Oh, another billionaire. We got so many in there.
Yeah, there's many of them in the world, Jonah. Google, Google search.
I just finished this. Anyway, so Leor came out and said something along the lines of like
a coin's been basically a disaster. And he's thinking about launching his, I guess,
launching his own coin to kind of do what a coin should have done. I think like Moonbirds and all
this other stuff in comparison to like what happened with a coin is peanuts. Like Moonbirds
at the end of the day is not really that big of a deal. I think it's just the timing and the way
the news was delivered. They don't eat peanuts. It's not that the Moonbirds thing is not that big
of a deal. Okay, they got a bunch of money for it. Maybe whatever. The Ape coin thing to me is much
more disastrous because I don't even know how you could fix it. At least with Moonbirds, you could
give them some utility or entry into the Yuga like event. I mean, honestly, it's not that bad.
What happens if three chains all take a coin? Is that actually bad? I have no idea.
You know what's ironic about that? If that's the case, then all along they should have
chose polygon because they're the only ones doing aggregated liquidity.
I don't like that laugh. I just don't know what you do with Ape coin at this point.
Moonbirds, there's 10,000 of them. Again, there's things they could do for them.
Like increase rewards within other side. You can have Moonbirds. I mean, you're going to assume a
lot of the utility for your quote unquote utility for a lot of these collections is going to come
from other side. And if other side is a massive success, nobody will be complaining that their
collections or their NFTs have increased rewards or something. That's what I genuinely believe.
I know it sounds kind of wild, but if other side is immaculate, no one's going to complain
that their collections have increased rewards or resources or something. But Ape coin is a
completely different beast. It's so big and there are so many people that hold it and so many
different people have vested interest in it. How do you even begin to push that in a direction that
makes sense? I was thinking, I've been thinking for a while, like, you know, if I wanted to do
something in the space, what would it do? What would I do? And I have some content stuff. And
then you figure it out and then you start hosting Twitter spaces and now we're stuck.
And I just fucking give it, I can't give one take. I can't give one take. I respect it,
though, because I'm clowning people. So I'll take the clown too. But I've been thinking for a long
time. And I've just always thought DAO is really interesting. And they can be one of the killer
applications of crypto. They're just very difficult to do properly. And I don't believe that. Yeah,
I mean, it's just super hard. But it's a very cool concept, right? Like people all around the world
that don't have to trust each other that can just verify things on chain that work together towards
a common goal, whether public goods funding, whatever it might be, it's sick. And then you
have a point DAO, which was attempting to be and these are the words from the people who work at
a point DAO, the coin of the metaverse, right? So this coin will be proliferated between maybe a lot
of metaverse applications, other side, other company stuff, whatever it might be. But at the
end of the day, most companies will just choose to launch their own coin, because why would they not?
That's how they're going to make all their money. But with DAO specifically, like, how do you fix
with the issue that they have? I just I don't know, man, it's so ridiculous. And then I've seen
so many tweets from from people who work at the DAO now that are so fed up. Like, look at what
Jerry's Jerry's been tweeting. I like Jerry. He said, stop bullying me. Yeah, but the only
person's problem is leaf is the DAO. And they've made it very clear that DAO is not part of Yuga,
not part of board apes. They're not going to come in and save it. No, no, wait, you're behind
because you go labs is now officially building on it. So they've technically saved it. No, that's a
different chain. Well, no, no, no, chain and a coin are two different things. No, hold on. Yes,
there's three like there's arbitrary who's the official ape coin DAO blockchain. I don't care.
Don't explain it to me. I'm explaining it anyway. Then there's the optimism one with Machi. And then
apparently Lior, who's got a lot of liquidity from what Fidgetile said is doing his own.
So, yeah, just leave it on ease. Don't worry. Don't do anything. By the way, it's not what
Fidgetile said. Just look who his parents are. It's not like what do you mean? It's not fucking
Batman, bro. We know that his dad's like a jeweler. We all know. Everyone knows. I did not know.
Anyway. Well, now you know. Well, maybe his dad's wealthy, then he's not. Maybe the ape should go
to Solana. I don't know. Okay. If I could mute you, I would. Can you imagine? No, dude, they're
offering a Solana collection of the cows. Wait, no, there's the answer. Bad brother, you just,
you solve the entire moon bird scenario, bring them to Solana, fucking burn them,
bring them to Solana, reinstate the IP rights. And there you go. They go crazy. They pump. They
have, you have now you get exposure on Solana that people can buy into. That is the answer.
Anyway, they double, they do a fucking five X if they go to Solana.
And run it to the post office and maybe they can, you know, integrate it next.
I don't know. Nobody cares. Like they're not going to like it. It's, it's, it's not our business to
dictate what these companies do. Actually, is it to consume it or not consume it? That's it.
We are consuming it right now by talking about it. They want that we're speculating on it.
No, that's yeah. And that's what they want, bro. We're playing the game that they want.
Bro, it's better to have speculation than to like not have anything at all. This is
what they want. We're giving them what they want. We're a part of the product.
What do you mean, bro? I go to, I go to that CVS all the time. And I'm not like it's the same.
Okay. We need to have a conversation. Not just, I didn't even know what Andy's doing right now.
Look, it's CVS. I'm talking about the circus. And here's the thing. The politically correct
thing to say is that like the Dow is separate from Yuga. The politically correct thing to say is
cap table. We don't have equity or traditional shareholder. Right. That is the politically
like legally correct thing to say. But for all intents and purposes, that is not true.
It's just not because these companies, at least the ones that are really good,
are doing things to satisfy their holders. And they're thinking about that as a prime motivator.
Like you don't think like, Lucas waking up and saying, how can I make sure that Pudgy
penguin holders are happy? Or Frank's waking up saying, how can I make sure that d gods are like,
this is the way you should think about it. I don't I hate this narrative of like,
oh, we're like, you are investors, maybe not legally, and maybe not like, whatever, whatever,
but practically, yes, you're buying into these things are like, especially if it's a mint,
right? Like you're minting something, you're giving them money, they are promising stuff,
and then they end up building it and give like, that is how this stuff works.
So we can sit here with this like political mumbo jumbo, this legal shit, whatever,
but it is the job of these projects to satisfy their holders. If not, then why the fuck are they
operating this business model, the entire, the entirety of what makes this industry special
when it comes to NFTs and web three specifically is the alignment of incentives is that the holders
are buying this, they're either paying you through royalties, or they minted something,
and they're supporting the project in a social way. They're repping it as their PFP. They're
going out and spreading the word, they're wearing the merch, they're showing up to the events,
they're buying all the stuff that the product releases, or the project releases, and in return,
the company should do things that generate more revenue so that they could do more stuff for
their holders. And this comes in many different ways. Our projects approaches differently than
like IP based projects, or gaming projects, so on and so forth. But that's, that's the whole
thing. That's how airdrops work is like you go bridge to a chain and use the chain and whatever,
they reward you for it. Like it's all about alignment and incentives, rewarding the holders
and working together. That is what this stuff is about. So it's like, I hate this narrative that
it's like, oh, we're just consumers, we're just buying the stuff like, okay, if that's what it is,
then only work in physical products. Because the whole point of web three is that we're doing this
stuff differently. This isn't supposed to be the same shit that we've been doing in the real world,
or this is the real world. But you know what I mean, this is not supposed to be the same thing
as web to the same thing as every other traditional business that is, if not doing it differently,
then why the fuck are we here? What is the point of putting this stuff on chain that just use a
fucking centralized web to database, it's faster and cheaper and easier to use. If you're going to
use this technology, and you're going to do things in the crypto way, then do them in the crypto way.
That is why I'm here. That's personally why I'm here, because I think it's like way more
interesting that we have an opportunity to do things differently in the way they've been done
before. So it's like, yeah, no, they should fucking satisfy the holders, they should do things to make
the holders happy, they should reward them, whether through social upside or monetary upside,
look what fucking pudgy penguins are doing with the airdrops. You don't think like Lucas going
out there and sourcing airdrops, they probably have a shit ton of airdrops lined up for pudgies.
You don't think other like mad lads, same thing, you don't think other parts, like they're doing
it specifically because they want to reward their holders, give people a reason to hold the project
and a reason to potentially even buy more and be excited about it. So it's just like,
we need just like, it's I just hate the way it's being talked about, especially right now. And I
don't know, I think people have it all fucking backwards, if I'm being honest. And it's actually
why I think like, we have fucking backwards leap. Holy fucking shit. Like, you think luxuries are
investments or collectibles are investments. And that's why, if these, no, but to call them
investments is so, so dangerous. It's not even funny. Whereas if they actually came in and invested
in these entities, they would be much better off now than if they came in as the consumer. Do not
be fooled. You are a consumer buying a product. Will the product pay you to promote it or pay you
to hold it? Yes. That's what we do in this industry. We give out money and bribes to make this
product have a purpose because it has no actual purpose under it. That's the whole issue.
You're thinking about it in two like near, I hear what you're saying. You're not investing
in the company per se, but you are investing in the product. You're investing in the community.
You're not investing in the, it's just, you're buying the product. It's a sunk cost. Like there's
no world in which that sunk cost should, maybe if you're lucky, it holds its value. But for a
collectible, especially a mass volume collectible to expect it to increase in, it's stupid. And
there's no depreciation because everything is, is, is digital. Nothing's physical. So it's always
there. No, no, hold up. If we're just going to, if this is going to be the same shit as web two
and these are just collectibles, why the fuck are they on chain? Make an investment. If you want to
make an investment, make a fucking investment. If you want to buy a collectible, buy a collectible,
don't mix the two together. Yes. Some of them are strictly collectibles. I understand that,
but these projects that we're talking about are not just collectibles. These are companies that
sought out a purpose and sought out, like we're going to do things for the holders,
that moonbirds, pudgy, de-gods, you like that as they want to do. This is the whole point.
We're not talking about just like some fucking VV Disney NFTs. Those are simply collectibles.
These are collectibles with like a little caveat on top of it. And the caveat is that there's an
alignment of incentives that if you support the project that ideally some rewards, whether
monetary, social, whatever. No, that is not explicitly stated anywhere is it's a loose
assumption that people carry and they're like, Oh yeah, if Luca nets mix $500 million, he's going
to invite us all on his yacht. He'll have more money to take care of us. I don't think that's
how it's going to fucking play out. And I really don't think Luca nets wakes up and goes,
how am I going to make my, my pudgy penguin holders happy? Like, no, he's trying to make
his consumers happy to consider, to continue selling to them. And I don't think there's
anything wrong with that, but why are you glorifying it into thinking like, Oh God,
he really wants to make, you can't make people rich off of, it's just, it's insane to me that
you're even like wrong. It's not even funny. You think that Luca doesn't wake up trying to make
his holders happy. He does that every fucking week. He's been, they're like having meetings
with the holders or trying to understand what the holders want. They're doing things specifically
to make sure that their holders are happy. Like to assume that they're not thinking about it
is ridiculous. It's fucking ridiculous. And you should be thinking about it in that way.
Unless again, it's like a Disney VV NFT, some bullshit collectible like that. That's just
going to sit somewhere. Pudgy penguins makes no sense. The whole, what you're not paying attention
is that your, your, your accusations are actually the core of the truth, which is
he does wake up every morning to make sure that his holders are happy.
So he doesn't have to deal with them. Not understanding. Let me finish. Let me finish.
I think we're getting so distracted. Can you mute him, please? I'll let you finish.
Leap. Can you mute him, please? I'll be on it.
Okay. Just, just let me finish. The point is what, when you're saying that, uh, the holders don't
know if they're holders or if they're investors, if they're consumers, or if they're dealing with
commodities or currencies and founders don't know that you're right. But in the sense you're also
wrong because Luca does wake up every morning understanding that he's built a business off of
that ambiguity. And in order to avoid answering the questions of what those people are, the best
way to do that is give the people what they think they want, make sure price do good. And then you
don't have to deal with answering those questions. So you can continue to build without answering
those questions. This is a new way of doing business. This is, this is the whole point here.
And I know we can just say like, it's simply collectibles that were consumers and all this
stuff. But I just like refuse to believe that that's the answer or that's the destination.
Like I just, it, I just, what exactly do you believe that buying a pudgy penguin is going to
make you immensely rich? If you did buy them at some point, three months ago, you're doing a whole
lot better than you're on now, buddy. I am. All right. No difference of opinion,
difference of opinion. It's digital property rights, dude. You never, you never acknowledge
that side of it. It's digital property. It's all Ponzi. There's no tangible project. It's people
trying to come up with fucking raccoons stealing a punk wearing and trying to pass it off. Listen,
what you can do with the asset is different in every case. Like, like you guys not sending you
a cease and desist for wearing that punk, are they? You can do what you want. I mean,
you don't own it. You can't sell it. Yes, I do own it. Okay. Well, if you want to, like,
yes, I got utilities with this one. I'll give you five dollars for an MB. No, fuck no.
Well, I mean, there's a value. All right. No money. Would you have to do and be
told a moment of brilliance and this is not the nb show. I'm going to give you an example
that in my opinion proves what I'm what I'm saying is true. I really like nifty island. Yeah. I've
worked. I we've done like sponsored deals with stuff. And so it's like, you can say it's biased,
whatever. I genuinely like their product. I think it's really cool. I haven't sponsored me yet. And
I like their product. So there you go. But they should sponsor you. Maybe we can we can set
something up. Secondly, the game is free to play. People go their NFTs are in the game or like their
models or whatever it is. You go, you have your island, you make your island, whatever it might be,
you get rewarded for helping them. And they've said this upfront, there is an airdrop, so on
and so forth. So when you have an island and it's doing really well, and a lot of people are going
to your shit, you're going to probably get rewarded more. That's how that's the alignment
of incentives is that you play the game, you build on the game, you bring people to the game,
and in return, you get rewarded. And that token that you get rewarded with has value because the
company is building and trying to generate value. It goes hand in hand. So not every project is the
same. Some are simply collectibles. And that's totally fine. Or a lot of ordinals projects have
no utility and will never need any utility, because they're built on a different ethos
than a lot of these projects on Ethereum and Solana that we're referencing. But these projects
on Ethereum and Solana that we're talking about these roadmap IP based PFP projects, specifically
set out to deliver on roadmaps and build things that bring value to the holders. That is that has
been the whole thing the entire time. And I actually think that's great. Now, most of them will fail,
like that's totally fine. That's just the way this stuff is. But to just like a suit, like, oh,
you're just a consumer, they don't have to do anything for you. Well, fuck that I don't want
anything to do with a project like that. Because that's not, it's not the part like to me personally,
that's not the purpose. And maybe I'm thinking about this in a much more like radicalized way,
or sensationalized man, that's, that's totally possible too. But like, I don't know, man, I just
hate I just refuse to concede to the fact that like, they shouldn't like these products shouldn't
like wake up every morning thinking about how can we not only build bring value to the business
and put money in our own pockets, but also put money or value socially, whatever it might be
into the pockets of the holders. It's like, I don't know, man, like I just this can't be the
same shit as web two or we're wasting our fucking time. I'm throwing it over to Naveen. Naveen, what's up?
The primary thing that these organizations are supposed to do is they're supposed to,
on a continuous basis, find ways to commandeer attention. And doing what is predictable or
doing what holders expect is often the wrong thing to do. Because if you do what someone expects,
you're unlikely to capture attention. So really, what these organizations need to be doing is they
need to find ways to continuously surprise and delight. Because if you surprise and delight in
the right way, then people aren't expecting it. And then you have a chance of actually capturing
attention. And if you can do that repeatedly, which by the way, Yuga did that very, very well
at the very beginning of apes. Like if, you know, for anyone who was there at the very beginning,
you know, they minted out apes, then they minted the dogs. And then they did the whole like, you
know, serum thing. And it was like, it was all surprise and delight because there was no
roadmap, really. I mean, yeah, there was the bathroom drawing, but it wasn't really clear.
People didn't really know what it meant because it hadn't really happened before.
You know, so everything at that moment in time felt magical and special. Like I remember
being on the space with Froke and Oh Shiny and all those guys during literally when the serums were
being airdropped, you know, you know, I had three apes at the time and I was collecting my serums
and everyone was excited. Oh my God, do I get an M1? Do I get an M2? Who got the M3s? Like it was a
whole, it was the whole thing. It was the first time that that had happened. And it felt magical
at the moment because we were all being surprised and delighted together. And so I think that, yes,
of course, you know, holders want to, you know, have rights to be able to do things with their
PFPs and all of that. Yes, of course. But the real reason why I think DOWs fail in this industry
is because DOWs can't surprise and delight because surprise and delight requires, you know,
a core, some small group of people who are like thinking about something futuristic, something
different, something unique, something alternative, something that other people are not yet thinking
about or doing and then imagining it and executing it and executing it supremely well.
And then you can surprise, then you have a chance, it's not guaranteed, you have a chance to surprise
and delight people, but that's impossible to do in a DOW. Like you can't really do that as a DOW
because a DOW is just a ragtag group of rebels, you know, most of which are not even paying
attention to what the fuck is going on. So I think, you know, when we look at these projects,
you look at these different opportunities, and by the way, this is going to apply to token
projects, can apply to NFT projects, can apply to gaming projects, apply to fucking anything,
it doesn't really matter. The things that are going to be the most successful are the ones where
the people behind the thing have some innate ability to find a path to surprise and delight.
And that is ultimately what everyone is really looking for. They're all, because that is how
you get an outsized return on investment. If you own a token, if you own an NFT, if you own a thing,
and then there is a surprise and delight moment that somehow captures everyone's attention,
everyone rushes in, and then it appreciates wildly quickly. That's what everyone is looking for. That
is literally the holy grail of this entire fucking industry. And it doesn't happen very often. It
doesn't happen very often, but when it happens, it can be magical. And that's really, I think,
the thing that everyone wants to see, and they try to project ways to get it, and the way they
try to project ways to get it is by looking at the past. They go, oh, well, project A did this,
so project B needs to do this too. But that will never work, because project A already did it.
So you have to come up with something different. And something different doesn't, by the way,
mean something like, oh, I'm inventing a new fucking type of propulsion mechanism. Like anything,
it's like derivative. But it's a different spin on the ball, a different spin on the ball that
looks and feels fresh in that moment in time to enough people to create the surprise and delight
moment. And that's kind of the game. That is the fucking game that we're all playing.
Does that make sense? Wouldn't you rather be delighted than surprised?
They go hand in hand. Yeah, they go hand in hand. And Naveen, I think you're so right.
I wasn't there. I know I'm right. Well, I wasn't there for the early days.
I sound like me. I was not there like you.
That was actually the best take I've heard, Naveen, probably since I've met you.
Go go Taproot, Pangolin. Okay.
I mean, dude, leap. I know you weren't there, but okay. So the thing about the eight thing,
see, going back to the origin of YUKA. So there was this project called Hashmasks. And Hashmasks
was like this OG PFP collection. And they had an interesting mechanic. And it sort of took off in
a weird way, but the execution wasn't quite there. Okay, then, you know, a couple months later,
YUKA minted out these apes. And, you know, like, when I first saw the apes, I thought, honestly,
they were dumb as fuck. I was like, this is dumb as fuck. But there was an energy around it,
because they were the first group then to then drop a derivative collection. The dogs were the
first one. The dogs was the first one. It was the first time where it's like, wait, I minted apes,
but now I got dogs. And everyone was like, what? I believe it. I'm gonna I know it sounds bat shit
crazy to be saying this near 2024. But at that moment in time, that was new. That was net new at
that moment in time. That was a surprise and delight. Because you didn't have to do anything
for the dogs. They literally just gave you the dogs. And it was wild. Okay, then, then they were
like, like a month went by, it wasn't even that much time was like, maybe two months went by.
And they executed this m2, you know, the serum drop. And by the way, the serum drop
was really, really, really well executed. Like it was it was it was, from a technical standpoint,
it was pretty darn well executed. And, you know, the reveal and how the whole thing went down.
And the most important thing was that no one expected it. No one had any idea what the fuck
was going to happen. And so there was a whole group of people that were like, holy fuck,
I don't know what to expect. I don't know. Are we going to go left? Are we going to go right?
Are we going to go up? Are we going to go down? Nobody fucking knew. And that was magical at that
moment. That was magical. And now fast forward today. And it feels like for most people that
we've seen everything under the sun. If that's how it feels, everyone's like, fuck man, again,
we're going to do this. Again, we're going to get more Ponzi nomics, more yield, more air drop,
more points, more this more that. And it all feels bland. It all feels like a really fucking
overdone banana is how it feels right now. And and and what happened, the thing that will happen,
though, because it always does happen in this industry invariably is something will emerge
that feels fresh, something will emerge that feels kind of like net new. And hopefully it feels as
net new as you because what happened for Yuga is it felt so net new at that moment. It was such a
powerful surprise and delight that it propelled that organization from being like a mom and pop
show, like whatever, five people or six people or whatever, to literally becoming a like a company
that external people felt was worth a billion dollars. That's how incredible that one moment
was, dude, it was all his done that one fucking moment. I'm serious. It's nuts. But that's what
it was. And you had to be there to experience it. You really had to be there because you ask for
oak. Ask ask. Oh, shiny. Ask anyone who was in that room at that moment in time. And everyone was like,
holy fuck, what is happening right now? And and like, we're all craving that.
Well, look, I will I will stand by. I still believe to this day, like Yuga is probably one
of the most important companies that has ever existed when it comes to this sort of thing.
But they've not delivered it since. See, that's the fucked up part. So they it's it's you know,
it's sort of like, it's sort of like a band that produces a incredible fucking single. And it's
like the best song, the song, it's the song of the fucking summer, man. It's the song of the
fucking summer. It's incredible. And then the next record they put out is like, man, it's called
other deeds. Okay, and then the next record is like, what? Oh, my God, what is that fucking record?
What is that shit? And that's kind of what's happened to Yuga. So it's like, Yuga has not
reclaimed the glory of that moment in time. The best they've done recently is fucking Dookie Dash.
And that is not a hit single, dude. I'm sorry. So I mean, it's like designer designer put out
Panda, which took the world by storm or like Mo Bamba. Like those were like, in my opinion,
new sounds, like new ways of like delivering like hip hop music. And it's like very, it's very
difficult to top that. That being said, for me, when other deeds were long, and I want to go to
begin to but when when other deeds launched to me, that was like a huge moment. Because I was always
pretty obsessed with this idea of like metaverse, I liked land, so on and so forth. The way I think
about lands now, though, is completely different. It's like, it should not you shouldn't have to buy
land should be free. I like the way Nifty Island approached it. I like like CTX did something
similar. It's like the idea that you have a capped amount of accounts on the social media platform,
it'll never grow. Right? Like you should just be unlimited and you can make money different ways.
Also, you guys not the company that people just not the same company. It's like a massively funded
like VC there are all these funds and it's not like we can't expect maybe we can expect them to
surprise and delight in the way that they did before. But it's so there's so much bureaucracy
when it comes to you go. And I've heard some shit like from behind the scenes to that I can't say
but everything is like there. They can't make any spontaneous moves right now. They just can't
because there's like a lot of other shit going on. And everything is what they need to. But they
need to you see, but they want that's the that's the crazy thing is like you can't it that's like
asking IBM to surprise and delight you. Like IBM is not gonna surprise and delight fucking anyone
neither is fucking McKinsey. Like you can have you can have 100 McKinsey consultants in a room
and they don't know how to surprise and delight fucking a goldfish. There's no surprise and
delight in the room. And that's the problem. The problem is this entire space is built on that.
That's the fucked up part. Well, I mean, this is one of the nice things about like pudgy penguins
and, you know, some of the other collections too is that they can move very quickly and they can
move fast break things. And again, like you got defined what that means and what it meant in web
three. And they're so goated for that. And it will never not be goated for that.
But like I surprised it all by hiring Gary Gensler, just out of nowhere, just be like,
yo, we've hired Gary Gensler, he's gonna run Dookie Dash. I like Dookie. So I knew Dookie
Dash gets clowned a lot. I genuinely thought Dookie Dash was pretty cool. I genuinely thought
it was pretty there is nothing cool about Dookie Dash. I think the concept of like this, this race
with all this like worldwide race and whoever gets like top is going to win all this stuff. And
it's all like NFT. I liked the concept of it. I like that you could spend a coin in the game. Like
is it the most revolutionary spending money in a game? You're like, dude, you're like the perfect
customer. I'm gonna have so many clients go to you. Okay, the reason I say it's not about like
doing something completely original that's never existed, but it's about delivering it in a way
that's new. And it's like I felt that Dookie Dash was a game that we kind of knew and love like
something like a potential run derivative, but delivered in a new way that I had not seen before.
And if that is an ink, if that is an ink of like what it could become going forward, because it's
like the Apple Vision Pro. The Apple Vision Pro fucking sucks. I know everyone's like sucking its
dick. Listen, I'm not here to shame you at all. But do not compare Dookie Dash. No, no, no. Let me
say it's the best thing ever. The thing is $4,000 has two hours of battery life, and doesn't really
do anything that the quest doesn't do in any substantial manner. But it's just the first
iteration. Like you got to think like five generations spatial spatial spatial system is
like, okay, very, very far ahead. But the point I'm trying to make is that five generations down
10 generations down, the Apple Vision, whatever it's called at that time, the max, the ultra,
whatever it might be, is going to be incredible. And it is going to be world changing. So maybe
Dookie Dash in its inception wasn't like, you know, how like World of Warcraft came on the scene,
where is this like amazing thing and took the world by storm, maybe not. But 10 generations down,
a couple years from now, hopefully you guys still around that they want to do, they might have like
a really cool product on their hands. And maybe that is other side. Like maybe other side is that
big application and people are sleeping on it. And I don't know. But like, I don't know, man,
I look at I look at Dookie Dash as a proof of concept in regards to like, when have we ever
seen a more thorough blockchain experience for hierarchy points, points allocated per winner,
you had the whole like, we've never seen game integrated on the web three platform,
you can correct me if I wrong, I've never seen it. And I did Dookie Dash is just kind of copying
jungle run, you know, something they could get off and for me, it was a test run. Once they already
kind of program the infrastructure on hierarchy, plussing up your Oh, if you had a dog, you got an
amplifier, if you got an eight and a mutant, you got a amplifier, that the tire user experience
was bar none, anything I've never I've never seen anything like that. And in regards to the things
I can do on my wallet and have fun, I play Dookie Dash for like three days straight. And, and you
in again, to pay to play was an option. Like, it wasn't necessary. I didn't I think I might have
spent one transaction on a coin just to see like what it did for me, I was still trash. But that
was an option to do it. And I think just even them serving that and being able to execute it at that
level, I thought that was I gave I thought that and I don't know what we wanting, like, especially
in these timelines, like, I thought it was just a thorough experience from a blockchain maxi nft
head type situation. And if you want to play you got to flip that shoe. Yeah, I mean, I like I like
Dash. So just really quick. So the way the way I look at this is surprise and delight is a spectrum.
And so what you guys are talking about, and I appreciate the fact that you guys thought that
Dookie Dash was really dope, and it made an impact on you. I think that's fucking awesome. And that's
like a much love for that. I think that the way I see it is when when something hits, that is net new
in some way. And again, I've all these things are derivative in some way. I'm not saying net new,
like, oh my god, we invented fucking time travel. It's like net new in the sense that at that moment
in time, that particular execution, that particular little spin on the ball felt fresh in that moment.
And, and really, it comes down to like, the size of the waves that you make with it, right? So,
okay, did did it get the existing board eight people excited? Yes. Okay, Dookie Dash made like
the majority of those people excited. Cool. Did it get like mutant ape holders excited? Yes. It got
the mutant ape excited. People excited on some level? Yes. Okay. Did it did it create a world
where like people outside of the existing board ape, mutant ape, whatever universe, like, you
know, were they interested? Yes, there were some, there were some that were like excited about it.
But did it create like a fervor outside of the existing Yuga board ape holder base? I would
argue, not really. Like, I would argue it wasn't like, it didn't, at least for me, seeing the Dookie
Dash thing versus seeing like the serum drop thing, which at the moment that that happened,
dude, it was the only thing that anyone was talking about on Ethereum. Like, it was literally
the only thing. It would spread so fucking wide, dude. You have no idea. Like, it was like,
it was unbelievable. It was really kind of remarkable how impactful that was in terms of
the overall surprise and delight factor. So I look at it and I look at it as just a spectrum.
It's like, okay, so Dookie Dash was surprise and delight for some people. And that's great.
You know, I don't know, whatever other they've done since then was surprise and delight. The
other deeds meant was a surprise and delight for maybe a smaller group of people. But, but what
you really, what the goal is, when you do, when you want something and you try to achieve surprise
and delight, obviously you want to try to make people covet it, make people like who are on the
outside want to be on the inside. And ideally a huge number of those people. And that's, that's
the fucking lightning in the bottle moment. That's the really, really hard thing. I think, I think
that depends on what the goal is, right? Like, would you consider a win? It's kind of like if
Nike does an event in fucking Toronto and they invite X amount of influencers, they invested
that amount of money for those amount of people to see that particular product. It's experience
set product. Same way pop ups in New York at LA where quote unquote, you got to need a wristband
and get inside that thing because they created for those people to see it. And it was for those
people and let them amplify. And I think once we start to look at how big this billion dollar
company is and the things that they're going to be on the hook for, you can't just keep,
I think taking stabs in the dark and just trying to provide some utility over here, some, some,
some knickknacks over here. And I think one, when you say like, how, how, how much did the
influence people outside of the, the ugalapse ecosystem, I think like one, when we're looking at
evaluating moonbirds and D gods, and we're talking about utility and hyper focusing on the,
the immediate community, like people are like, what about the apes now? Are people who don't,
who have the meat beds aren't going to get love because fucking moonbirds comes in. And I think
like when you focus on your, your old, your main center, which was creating a wall garden, if you
will, for Dookie dash and allowing for us to be the coveters of the tickets to disperse them amongst
the people who are interested to play the game or whatever. Now they're releasing it to a mobile
game. So then everyone can play it. And I think once you focus on those people, because what has
been like a year or two, since they've about two years, since they've talked about the launch of
the other side. And I think if you want to hold on to those people without having them get cold feet,
there was a weird day I got them two tickets. I was, and as a holder, I was able to sell a ticket
because I wanted to play the game myself for like five figures. And now you're focusing on me versus
opening up the floodgates and you're able to scale at your pace and keep the people who are
wanting to hold and not floor your particular project. And you know what I'm saying? I think
it's just, if you're going to create something like other side, that takes a lot of time and,
and, and, and just planning and all of these other compartments with a billion dollar company that
most of these other projects is like apples and oranges or not. They're not even the same sport.
The other things are a sport and other things culinary or whatever the fuck. They're just on
two different planets. Um, in my humble opinion, I don't, I don't think the fact that they have a
billion dollars or a billion dollar company, I don't know that that matters. I think what matters
is can they do things that create enough of a ripple out there that, you know, like people get
surprised and delighted at a level that causes a fervor and to be blunt, I don't know that they can
do that. They've done it. I've not seen it. I've not seen them really truly do it since the drop
that I mentioned. You know, I don't think Dookie dash hit at that level. Um, and we'll see if they
can do it ever again. I don't know that they can to be blunt. But Naveen, like we talked about this
in a room a while ago about the, the like virality of the actual IP itself. And like,
and we were talking about, and I mentioned this again, the birds are cute and the cute
penguins. And so, and like, I say that because cuteness really does trump a lot of stuff in IP
and it's, it's kind of ridiculous, but it like, you have to have an IP that can go viral. Like
maybe the, the ape thing is like a little bit of a walled garden in itself, I would argue. Um,
so I don't think you have the IP that can scale on that mass. Well, now I could be totally wrong
about that. But I think that when we were in those rooms with the, and I was in that room, logic was
in that room. We were in those mutant rooms, like with the serum. I remember that forever. I remember
that electricity, but also it was easier to have a spark of electricity when there just wasn't that
much going on as there is now. And it hasn't been just done over and over and over again.
So I don't know, but I do go back to the whole IP thing and I'm kind of curious what you think about
that. No, no. So look, it's believe me at that moment in time, before they did it, it, there were
many other aspects of crypto that felt like everything had already been done. Emily, like
that was like, you know, we had passed the ICO phase. Everyone had done every kind of offering,
every kind of, like there were, there were, you know, protocols that were focused on banana farms
and I mean, there's all kinds of crazy shit. There was so much shit that had been done and
everyone thought literally there's nothing new under the sun. That's how it felt at that moment.
And that's how I know where you're going to be. I know where you're going with this.
That's how it feels now. You know, and so, and so like on the IP, like the IP thing is a separate
conversation. Like, look, you go can buy owls. They can create owls. They could do, you know,
if they, if they want to create something cute, they can design something fresh from the ground
up. That's cute. And they can, if they want to build a whole IP and merchandising and licensing
arm to do that, like Godspeed, I'm not saying it's impossible. They can fucking do that. They don't
need to acquire fucking moonbirds for that. They can just fucking create something cute out of their
own if they want to, you know? So, but that's not really the point I'm trying to make here.
The point I'm trying to make is that in a world where everything feels the same, like right now,
what is happening in our industry right now? We have unlimited numbers of L2s launching on Ethereum
that are basically the fucking same. I don't give a fuck if you're talking about Monad or Arbitrum
or ZK Sync or Optimism or 12th, the 12th Optimism chain that's using ZK, whatever the fuck. Like,
believe me, like these things are basically the fucking same. Like the difference between these
things is so trivially small from a user experience standpoint. I'm not suggesting there isn't leaps
and bounds from a technology standpoint, but when it comes down to your user experience of like
doing a swap on a DEX and the amount of transaction cost and time that it takes,
the amount of difference between these things is like very, very, very small. And so everything
feels the same, right? The point systems are the same and the airdrop methodologies are the same
and everything just feels tired. It just feels fucking tired. And that is the perfect moment
for something new to happen. And is Yuga the one to deliver that? Honestly, I doubt it. I doubt it.
Honestly, I doubt it. And therefore, it's not worth what everyone thinks it's worth. That's my,
that's the only point I'm trying to make. Okay, I want to throw it over to to Beacon here and then
we have to go to No Futuristic because I can't just realize I'm going to speak.
Yeah, so a couple of things has been going. Sorry, I'm sorry.
Okay, either way. So yeah, a couple things got to correct Naveen because sadly, you're got things
pretty wrong. Boredeep Kennel Club was not the first derivative like project that came out after.
If you guys didn't know me bits was May 3rd, BA Kennel Club, June 25th. I was part of this
whole thing. One of the reasons why I was buying Boredeep was I was like, Jesus fucking Christ,
these motherfucker punks are getting me bits that are worth 2.5 ETH for free. Okay, well,
the original Boredeep roadmap had on it mutinate, the mutinate arcade will be fixed at the end of
the roadmap. It said once they sell out at 100%. So we didn't know it was going to take a little
bit of time, but it said once they reached 100% sell out, the mutinate arcade would be opened up.
I was like, that's a derivative, baby. I'm going to be a me bit holder. So Boredeep was waiting for
that. In the meantime, they dropped the Kennel Club, which was a bonus, but it was, you know,
almost two months after the me bits there. And the Kennel Club was cool, though, for the fact
they didn't take profits on the actual royalties of it. All of that actually went to charity. So
that was a little bit bonus of it. And they did follow up the mutinates. Not that longer. The
mutinates were like August 28th, right? So right, right before September started. So I will say one
of the reasons why I bought a bunch of eggs in the beginning was I was like, Jesus Christ,
I didn't get a fucking me bit. So that's all. Yeah, yeah, I look fine. You can nickel and dime
on the timing. And I sure your thesis was your thesis was based off of being brand new. So you
said the entire thing was amazing. So it's not really nickel and diming. If it's your main
argument, you know what I mean? Fuck you. It wasn't my main argument. The point is it felt brand new.
It felt brand new at the moment. And the thing I was highlighting was the mutant thing. I wasn't
highlighting the dogs. I was saying it was magical. Either way, the succession of it, it was like,
it was like board apes minute out. Then the dogs came very soon thereafter. Whatever the time,
I don't remember the exact time, but it was soon. And then and then it was the mutants and it felt
it felt new. Yes, you're right. The me bits was earlier. You're right. But it felt it felt fresh
and new at that moment in time. And that is the core point I'm trying to make. It's feeling fresh
and new. I'm saying I was buying stuff based off of it not being new. I was like, damn, they're
gonna do the punk play. Fuck yeah, I'm gonna get in. So I feel that it was exciting. I was very
excited. I got a bunch of dogs and humans. It was great. But you know, I mean, some people were
making their buying decisions based off of following the punk plan. That's all. Okay, so
the thing that felt fresh was you didn't know what kind of serum you were going to get. Like
that was there was some randomization dimension. I'm just going off my memory. So if you want to
correct me on the specifics, that's fine. Maybe you probably have a much better memory than I do.
What I remember feeling is I had whatever three eighths of the time. And I didn't know what kind
of serum I was going to get. I had no idea. And we didn't know what the serums were going to do.
Like we didn't know what was going to happen. Like they teased the, from my memory, they teased the
logo, Mutant Ape Yacht Club. You know, they teased the logo. We didn't know what the fuck the art
looked like. There was no reveal of the art. And you got dropped these different serums. And we
were all speculating at the moment, like what the fuck was going to happen? And it did feel new. Like
at that moment in time, and I'm not saying it was new, because to your point, you might be able to
point out some other project, whether it's a Lava Labs thing or some other thing that had done it
in some other way. But at that moment in time, for whatever reason, for whatever reason, it felt
really, really new. It felt really fresh. And I ain't never been hair dropped five figures before
on a Saturday or Friday. Yeah. And the execution was really good. Like I remember the mutant site
and like, you know, when you were dropped the things and you could buy more serums and how
that all went down and it was executed really fucking well. And that created this vibe that
Yuga was like, you know, transcendent. That's, that's how it felt. Yeah, maybe I can, I'll be
on your side actually, because I was there. I think one of the things that actually really helped that
drop specifically was the whole fuck it mutant Saturday and it dropping really quickly after
there wasn't this giant buildup. And I remember like, yeah, I got an M2 serum and I was freaking
the fuck out. And like the, everything was crazy. And also when they did that drop though, people
couldn't get their eth ready to then go and bought it like nuts. Cause remember we didn't know there
was going to be a second chunk of mutants up for mint at the time. And a lot of people were really
pissed initially, but that, that gave a lot of people, whoever's up and around that time actually
was able to get one versus it being, you know, if it was known a week ahead, oh my God, it would
have been bought. It's so nasty. So I think springing it on people was one of the more important
factors. Cause if you give us time to build up, you know what I mean? I'm vegan, but we're going
to have some bots ready. Yeah. I mean, totally you're, you're spot on. And, and yes, it was the,
the timing, the literal surprise. So it wasn't just like delight because I remember looking at
the art being bond as like these things, like the snot nose mutants, I was like, what the fuck is
this shit? Right. But it was, but it's still, even, even after that, I remember looking at,
but then there was the mega mutants remember and like whoever got the M threes and, and the first
reveal of the mega mutant, like that happened, whatever. I don't really know what the timeframe
was, but not that long after I'm pretty sure the first M three got revealed and P and they're dope
like M threes are like legit dope. And so it was like all of it, all of it was just like, holy
shit. This is like a net new thing because of, because of the execution, the timing to your point,
the actual surprise, like how the community kind of made it their own. And it was like,
it was total fucking lightning in the bottle. It was fucking lightning in a bottle at that moment
time. It was literally like a hit single hitting like right at the beginning of summer. That's
literally how it felt. So I'm going to say this and then we, I also want to go to Ella and everybody
in the fucking room, please follow no futuristic because their hand has been up since the absolute
start of the space. And I don't know whether to be impressed or, or what, but they deserve a follow
for that. Um, now I will stand by this. I've said this before, I think mutant apes, bored apes, like
everyone has their opinions on the art. For me, mutant apes are one of the most important art
collections ever released in web three, maybe in the world, maybe in the universe. And the reason
that I say that maybe in every galaxy that's ever dimensioned, maybe by the way, what is dimension?
That does not seem like a real project. I still don't understand how the market cap is that high.
Secondly, to go one to one with every trait and to release it in the way it did and with the,
the serums and everything. Like I know that's kind of expected at this point. We've seen like a lot of
like secondary and tertiary collections. And I wasn't there at the time, but I spent a lot of
time probably because of thread guy spent a lot of time looking at every single trait within the
mutants collection, the M1 variants, the M2 variants, and how they all correspond with their
original ape. And that shit is impressive, especially because nothing like that existed
at the time. And we're so desensitized to the mutants now and therefore floor price is lower
and whatever, but it is staggering how much work had to go to actually create that collection.
And, um, I don't know what point I'm trying to make, but it's interesting. Look, we'll go over
to Ella and then we're going to no future Ella. I mean, talk to me here. I'm sure people have been
fucking blowing you up over the past, you know, 48 hours. What do you think? I was going to say,
you can go to no future first. I'm not trying to skip line. All right. We're going to go to
go, man. I was, I've been waiting for back to polygon. I had a joke. I was, I bridged that
shit back to polygon. Go for it. I got drunk sitting here waiting to talk. Ella, go for it.
You're, you probably have more value to add. All right. Um, yeah, I agree with, with Naveena
begin, man. That was a, that was the moment I minted my first NFC was that weekend. It was,
it was definitely special and it definitely felt like something new. And I was like fresh,
brand new MetaMask minted like two bullshit NFTs a day before. And I was like, all right,
tomorrow I'm going to go look for an ape. And I woke up the next morning and seen Twitter going
crazy. And I'm like, what the fuck did I miss? And it was the mutants. So that was a special
fucking moment. And I didn't even understand the whole, I bought mine on secondary. I didn't get
to experience mutating an ape and getting a serum. And then those serums going for crazy amounts in
like a year later, it was, it was wild. And that's why I said, you know, I agree with,
with, um, with Naveena was lightning in the bottle. And that's something I talked to Gordon
about a lot. And he's just like, man, I'm pissed that we let so much lightning out the bottle.
He's like, I wish I could have just bottled it up more and just, and like spoon fed motherfuckers
and just sprinkled it. He's like, because at the end of the day, and I agree with, and I'm sure
Naveena feels like this is somebody that we come from the music industry where like, it's really
celebrated when you find someone new, when there's a new artist or a new sound, it's the fucking
best shit ever. And in this space, it's that's why I keep, I get pissed off about this space,
because when I jumped into this space, I thought it was going to be like, it was really art artists
driven. I'm like, Oh my God, it's on the blockchain. I just felt like I was going to constantly find
new artists and just constantly get them the goosebumps. And then I thought there was going
to be like constantly new, um, and like 10k projects and new communities popping up from
because the, this shit is global. I figured there's going to be people in Asia. There's going
to be African projects. There's going to, I had this whole like thesis that this is going to be
like the, the, the Mecca for creativity. And then sadly, it turned out to be a lot of people
just copying and pasting and doing the most low effort shit. And, and because it was rewarded,
like you could do some fiber bullshit. I didn't even know what fiber was. You do some fiber
bullshit and then become a millionaire. So of course that's just going to inspire the most low
effort. Then the 3d art shit came out and just turn this face fucking, and all that shit was
minting out and every fucking derivative was minted out and making people millions.
So everyone just got caught up in that. And this shit turned into the fucking casino.
So I'm glad we went through the bear market. And I keep saying like, I'm super excited for the next
group of people that come into this space with that same creative energy. And they look at this
like a fresh canvas and they don't know about what board apes did. They don't know about fucking
what crypto punks did. They don't care about what's going on in, in, in, in the seals or the
pudgy penguins. They just like, okay, this is a fresh canvas. I can come and do this dope shit
before they get infected by any of the fucking bullshit or politics or cabals or anything.
And maybe they can just come and deliver their version of lightning in a bottle. I'm excited
for that. And I always also said, like, you know, I love this conversation because I really feel like
the apes have been, you know, acting out because at the end of the day, everything,
not everything, but a lot of the shit that most projects are getting excited about today,
the apes got that in 21 or 22. And they're just like, you know, for lack of a better word,
bored. And then they just, Oh, when are we gonna get something? When are we gonna,
and I had to let people know like, yo, like at the end of the day,
it's not easy to build stuff for you guys, you know, point blank period. It's the same thing with
crypto punks. Crypto punks is a special community. You just can't ship anything for the crypto punks
because 99% of the time they just want to be left alone. They don't want to be touched. They just
want to have their provenance and that's that they want to be considered fine art and they get that.
So to build something for crypto punks is not an easy thing. And for apes,
they've won, they've had so many wins and have so many moments that give you the goosebumps
creatively. You can't ship just anything for apes. So that's like the tough thing that happens
internally at Yuga, because it has to go through different creative stages and cycles and then it
still has to go past Gargan and Gordon's desk. And then, you know, if Gordon ain't feeling that
shit, it's basically a wrap because he's sitting there thinking about, okay, what's lightning in
the bottle? What's the next creative thing that's gonna be fucking incredible? And this shit almost
killed him. So he has to be very, he has to take this shit, you know, very like carefully how he
approaches creativity because he won't sleep when he's creating. Me as a producer, I'm gonna
make beats as much as possible. And I try to make them as fast as possible because I need my fucking
sleep. And I don't want the shit to start to feel like work. You know what I'm saying? So I just
wanted to give people that insight like, you know, those are special times. And these are special
times coming out of a bear market going into a bull. And there's gonna be a lot of exciting
new people coming in. I'm excited to see what Pudgy does. I'm excited to see what Azuki does
with their anime. Doodles are starting to cook again. I feel like Cool Cats has some of the
strongest IP in the space. And I know what for us at BAYC is making sure that we do, we capture that
lightning in the bottle, but this time we're not letting all that shit out like in one run. Oh,
we got to do it 2122. No, no, no, no, no, it's got to be like trickled out. Because at the end of
the day, a lot of people are just going to copy and paste and I'd rather see fresh new ideas
that people could build off of versus like, just copy. That's some bullshit. That's a waste of this
this entire space and the creativity that occupies it.
Hila, do you think that you guys become too corporate?
I think that Yuga is a giant company that is focused on many different things,
many different verticals, but I think BAYC is definitely not corporate. It's BAYC proved that
shit the last two days when Yuga did a strategic move that was very strategic and that actually
got a bunch of resources that's going to actually benefit BAYC and other projects. And H like, man,
fuck this shit. Like OGs literally sold, had a fucking meltdown because they're like, yo,
we don't give a fuck about that shit. And at that, and today we had an actual board meeting with 700
apes in there and we announced the clubhouse and the clubhouse is getting built in Miami. And then
right after that space, there was like 70 apes in group chat. You'll begin, there was 70 fucking
people in the group chat for like three hours after that space. Paper D was in there. All we
needed was Jerry in there doing fucking banners. And it was like the fucking craziest vibe. And
when people say, oh, bring it back to that vibe, the OG vibe to me, that's my version of the OG
vibe was going into that group chat and just talking to strangers and people just spitballing
ideas with this fucking, and you could hear the smiles through the fucking phone. I haven't felt
that shit in forever. So it just proved that we needed something to grasp onto something fun,
something cool. Like now the apes are like, okay, we get to build this clubhouse together. We don't
want you to build in the shit for us. We want to build it with Yuga and we want this shit to be
our shit. And now people have something to actually a canvas because at the end of the day,
like that's what people are excited about. If you do the same thing over and over,
it's boring. So to answer the question, Lee, I think that Yuga is a giant company that does
have a CEO, does have a C-suite, does have all those things that people consider corporate,
but it does have IP underneath that umbrella, like crypto punks who are not corporate. And
BAYC is definitely not corporate, man. BAYC is fucking crazy. Apes don't give a fuck. Apes have
the championship team and they still fuck the shit out of it. And people talk about this space
is tribalism, a lot of tribalism. I've never seen the Yankees fans fuck the Yankees,
like why are they still the champs? And I've never seen the Lakers fans fuck the Lakers
or tell LeBron to suck a dick. Like when they're still channeling, LeBron, fuck you, LeBron.
Like the niggas is up by 30 and they're like, I don't give a fuck. The coach, just the general
manager just invested in Pepsi. We fucking hate Pepsi. I'm like, God dang. Apes are special
people, man. And so there's no way in hell. And now the Apes want to be decentralized. Machi's
like, give us BAYC. We don't want to be attached to Yuga. So there's no way, man.
If you've noticed anything for the last two days, it's that Apes are not corporate at all.
So why don't they just like let the Apes be a DOW or like give them to APE coin DOW?
If like, if the whole thing is like, I think the Apes already decentralized in thinking,
you know, you don't need to put a title on shit. You just need to experience it. And this is,
to me, that's what the fucking the vibe is. It's just live it. Just experience it. This shit is
all brand new. This company, we're talking about a brand new company. And when we talk about it,
so it's still super new. And when it gets boring and you've got creative people,
you have fucking mutiny. Look at begin with this fucking pirate fucking outfit.
And this is what that PFP is. I don't even know. He has a dagger APE. So now he took the APE off
and he just got he he fucking just put a dagger in his mouth. Like these are the type of people
we got in our community that, you know, I fuck with our apes to like the people that I met on
day one. And I like that there's shit like the welcoming committee that just got formed last week
from people being pissed off. People like, yo, we don't need you going to do shit for us. Like,
we made the club, like not the other way around. So I, and as somebody who jumped into this space
and comes from the music industry and didn't even, I never signed to a publisher until I got my way.
I understand that fuck you mentality. You know what I mean? I understand not giving up
or not giving up none of my rights because I understand how powerful I am and how special
I am that God blessed me to wake up every day to create music. So that's, I feel like that's
the energy. That's that punk fuck you energy that really like a lot of projects are blessed
to have people in their community like that, you know, and you got to cherish those people
because they're going to be the ones that cut through that, that you could differentiate the,
the, the signal from the noise. The noise is all the people who fud and make their person
notice that, Oh, if I thought I'd get more likes, so let me make them my persona. Like, bro, you're
a cornball. You're fucking 38 years old and you're, you're doing the same shit. The kid's doing
Tik TOK. Now you're a grown man in a call of duty lobby, but the, the real 28, not 38 get your facts
straight. Yeah. Or you could be, you could just be punk as fuck and be like, yo, fuck everybody.
Fuck this shit. Fuck all this corporate bullshit. I don't give a fuck if you guys changed my life
and did this. I want to turn up. I want to feel something like, and you guys are trying to make
me bored and I'm not with that shit. So that's the energy that I love. And I'm glad it was
displayed. And now it's being channeled into some positive, creative shit. Cause I could stand on
that. So I like, I actually like that take. Um, and I mean, you've, you've listened to enough of my
spaces to know that I actually really like you to, um, for, for more reason I've named them,
I talk about it all the time. So it should go without saying, and none of these questions
I'm going to ask you now, or it's like to get you, it's really just one question, but I'm
genuinely curious. Would you, if you, if you didn't have a board eight, would you buy a board eight
for $70,000 right now? If I came into this space in the last week, I wouldn't buy nothing.
Or even in the last year, like in the last whole year, would you buy an eight for $70,000? And,
and the question, and the reason I'm asking is because,
I mean, I personally would not, and not because I can't afford it or anything like that,
but more so because I'd probably buy a crypto punk. If I'm being honest, I'd still get exposure to,
to you get ecosystem that way. So like with all the other things that are in the UK ecosystem,
it's like, why should someone buy a board eight? Because for a little bit more,
you can buy a crypto punk, which I don't know about a little bit more. That's a lot more.
That's a hundred grand more. I think crypto apes are what 60 something thousand and
crypto punks are like 150. So that's another 90 grand. And I'm, that's not, that's a lot more.
So if I'm looking at this space and I'm thinking like, all right, say I've been here long enough
to know like who's, who's gonna, who's a dope racehorse to bet on. And it's in a bear market.
Me as somebody who I hate to always go back to music, the analogy for me is what's your catalog?
You know what I'm saying? I could, I could look at, okay, look, I could go to pudgies. If it was,
if I jumped in three months ago and I seen the narrative of pudgies going to flip apes and I
understood the narrative that when apes flip punks, I would have jumped into a pudgy because
that narrative was so fucking strong and I would have just rolled that up. But then I would have
rolled it up and flipped probably into an eight because I would have got the pudgy for three and
then been able to flip into something that 20 and then been able to be like, okay, when it's a bull
market, I know this team is going to cook. And then I could ride that up to a crypto punk. You know
what I'm saying? Like I would have did all that math, but it's like, it's like Kanye, right? It's
like, I think Kanye is one of the greatest artists just in general that the world has ever seen in
my opinion, but his last album is trash. Vultures is a steaming hot pile of garbage, great instrumentals,
but the lyrics are just such ass and some of the worst vocal play I've ever heard. That's just my
opinion. But the delivery of that shit, the fact that he can have the rollout of that shit was a
work of art. I thought it was a great rollout. That's what we're talking about. The fact that
there's nobody else, right? Everyone, all these labels have all this money. The fact that Kanye
can go get fat and disappear and wild the fuck out and say the most inflammatory wildest shit
that nobody could stand behind, but still somehow get all the rappers to give him features and have
dressed his wife up like naked basically to have her walk around as a work of art. This nigga is
crazy. And then when he does a fucking, he does his rollout, he canceled his show. It was in
Basel and he canceled the shit four times to make it seem like he couldn't find a place and he
couldn't get permits. And then he did it in the most random spot and sold the tickets for 500 bucks.
Then those disappeared and they went to like 1800 bucks. And then he said he was going to drop it
the next day. He canceled that and he rolled it out for two more months. And then every time he
showed up somewhere, it was a bigger venue. Then to the point where this motherfuckers was selling
out almost stadiums leap for listening parties to mix tapes. And then he made the tape, made it
to where it's volume one, volume two, volume three. And then I'm going to be in Paris for NFT Paris.
Guess who's going to be in Paris now with the new volume of this shit in a big ass fucking crazy
Parisian amphitheater Kanye West. When he rolls something out, it is a spectacle and it's a work
of art. So his catalog, of course we're going to talk about the catalog, it's amazing. And then
you're going to talk about the fact that he saved the craziest shit that he's had to apologize
to the Jewish community and all these different communities. And then when he does a rollout,
the world stops. So that's the type, the level of creativity.
His album is ass though. Yeah. Well, hold on, hold on.
People still show up in droves and pay ridiculous amounts of money to just listen.
So it's wild, man. And then you don't even see a nigga, he got a mask on. It could be somebody else.
And then he's just got other rappers popping in and out and there's so much smoke you can't,
but it makes you feel something. So that's why his wife is naked all the time. What's that about?
Is that like a kink? No, it's to get rid of the taboo of nudity.
He's just crazy, but it's creative energy and you could fucking feel that shit. And it doesn't,
as much money as these labels have, they can't recreate that. And this comes from this dude's
mind. And that's what makes that motherfucker special is even though he's polarizing and he
probably is fucking on the, he's definitely on the spectrum and he needs to take his meds.
His creative energy is on another fucking level and people can't even keep, people can't replicate
it with billions of dollars. So that's it. That should say something. And that's the energy that
I hope this space can capture like and replicate a hundred times. So we can actually get rid of
the black eye that was put on this space by all these fucking scammers. Why do you agree with that?
And I still think, I mean, we can probably have a whole space just talking about the album. I
still think the instrumentals are some of the best. The production is incredible on the album.
Incredible, right? It's fucking nuts.
It's nuts. Like even Carnival, like the lyrics are so ridiculous, but the fucking,
it's insane writing on the instrumentals.
The core changes and then the transitions and the beat switches. It's like, what the fuck?
I did listen to the album multiple times. Like it's just like the anti-Semitism thing. I think
he's like propagated that a lot among young people. And that's like a huge issue for me.
That's weird. It's super weird.
But anyway, that's a whole, it's a whole thing. I still, I still like Kanye. I think his music's
great, but it's just, it's hard to stand by some of the stuff at all. I do try to separate the
music from the artist, but it becomes, it is a whole different conversation. Okay. Look,
I want to throw it over to Began. Began, talk to me here. And then we go to No Future.
Yeah. So I, hopefully I'm, I'm kind of stepping backward because we were talking about the whole
looking moonbirds. You could think, I think it relates to everything. And we were saying
there's no new information than what we had. However, there were 700 apes inside of a discord
earlier and listening to the updates from Daniel and Garga and the team. And I actually,
I've finally finished transcribing it. It took forever, but so just wanted to read a couple
things to clarify some like I thought was important because a bunch of apes were super
concerned that, Hey, you guys not been the main focus there. Apes not been the main focus.
If you get this year, you pull on more stuff. What's going on? So this is directly from the
transcript says Kevin Rose, not joining Yuga. He will help with the integration. He knows with
the team and he knows the ins and out of the business. He's only joining as an advisor and
will help work through integration. He is not joining Yuga. Yuga proof has significant financial
assets that will help you to continue to build out our plans for all communities. There's been a lot
of speculation about the magnitude of these assets. I can only tell you that your assets
and your estimates are off. I will iterate. This is an all stock deal. We did not pay
cash for the business. This deal will help all of Yuga period. Everything we have ever played
from IRL clubhouse to yearly global ape festival support the NBA businesses. And of course,
building other side requires a lot of investment. We're committed those growth growth plans. This
proof acquisition helps to achieve this. Last thing, coming back to proof. You want to understand
how they're integrated in communities. It says the integration plans are as follow. They're
going to run proof collective as it is short term. They're going to then use this ideation
phase of how Yuga can start accelerating the evolution of art on blockchain.
Crypto function will continue to run independently. The team is doing well. They're focusing on the
right things. And then moonbirds will move to form part of the overall other side plans.
So that's like from there. So a lot of people people are talking like this IP this or that.
It sounds to me it's like we got a bunch of cash. Fuck yeah. We've got some art place to
maybe work on the art stuff over there. Proof people go join 12 12 fold and figure out some
cool art stuff here. Moonbirds. Sorry, you guys are just folding into other side and we'll figure
that out later. And you know, they're probably not going to be top priority. But that sounds
really bullish for Yuga for me. And I think a lot of apes came out of that meeting like,
yay, we're number one. We got money for free. But however, on the moonbird side,
doesn't sound that good. Right. Maybe for the proof people. But that's all just reading
pretty much directly from the transcript, even though some of it's a little off. That's all.
I would say that the mood for the moonbirds that that people need to should remember that how
important IP is to to Yuga and to be a YC. The first thing that they did when they bought crypto
punks is gave them the IP. And we know that you can't reverse CCO. That doesn't mean you can't
get creative to make sure that that community can can continue to build on stuff they started on.
People were building games. People were fucking doing merge. People because that IP is fucking
strong as fuck. I still got my moonbird. And that's the thing. That was like the thing that
killed that project. And, you know, people it's like us apes wanting the clubhouse. And we're
just like, no, we're not doing that. Like moonbirds wanted the IP to continue to keep building. So
there's definitely like Garga said that there's going to be that's something that's going to be
thought about very carefully. And and and, you know, there's so many some updates about that in
the very near future. So I'm excited to hopefully get my moonbirds IP. I'm not saying that it will
or won't, but I'm excited about it. Bro, this whole thing is exciting. Just like this uncharted
waters, these uncharted worlds of like creative and technological advances for experiences. This
shit as well. Like, and then just having a team like I'm glad you're giving some clarity to like
the yoga hierarchy base, you know, base, he's still, you know, running the gun in the way they
run and done in, you know, the whole company. But it's just I'm excited for the future. Yeah,
this is this is this is dope. And I think it's like, like a lot of people are super upset when
they heard about the moonbirds thing. And I really resonated with what you said in regards to
people saying like, fuck you to Kobe while you're up 30 and only I wait to the ship. And it's like,
I'm like, what did we complain it for? Like, bro, like motherfuckers, eight, like seven months ago,
six months ago, and whatever before that. And it's just, I think one, a lot of people like they
should have gave us an announcement before they did the thing. I was like, that's not even the
business practice, first of all, but I'm just glad I'm excited for the fucking future. This is
beautiful. I got tears my eyes. Yeah, the one that came out that meeting on my bad leave. Last thing
I say is that just to paraphrase begin, it was a lot of apes was like, yeah, we got money to and
we got a fucking clubhouse. Fuck everybody. That was the energy when after that meeting.
So the one thing is, and like a lot of these spaces get kind of ridiculous sometimes. But
when you get to something, the space does kind of like stop and stare. And it does create a lot of
conversations that, in my opinion, are really important. I think the clubhouse is going to be
cool. I've always thought that it's a cool idea. We'll see in actuality if it works. And I don't,
if it doesn't work, by the way, I don't think it's because of you. If it doesn't work, it just means
that people are not as interested in that concept. But I don't think that to be the case. I think
there's like a lot of apes that travel through Miami and would want to go and check it out.
So if I was an ape holder, I think I'd genuinely be excited about that. I've always thought the
Ira component of this stuff is probably the most one of the most important. The moonbirds thing in
all actuality was probably like a pretty strong move strategically internally. I think again,
it just publicly people just react the way they react. And I think that's fine. It's just part of
part of this whole journey. I would like to buy a UGA asset. I mean, I have other deeds and whatever,
but it doesn't make me feel like a UGA holder. I finally done like kind of well successfully
or financially recently. And I'm in a position where I can start to acquire some more NFTs.
So I'm thinking about probably not an ape. But I do want to buy a crypto punk. And I think I'm
going to buy one pretty soon. So I'll get exposure to UGA in that way. And then like maybe I'll grab
a mutant or something like that. I just think that like even with all the FUD and things that
people get mad about, there's only a couple companies in the space in terms of NFTs that
I would actually put my money behind and UGA is one of them. And I think regardless of anything
else, it would just be ignorant to say that it would be ignorant to say that you guys like not
if I still think the strongest company just because they have the biggest bankroll,
the most resources. And that doesn't take anything away from from pudgies or any of these other
collections. I think they're fantastic too. But you go if like if other side is successful,
holy fuck, all of these things that people are mad about will never get mentioned again.
But if other side is not successful, and it's a giant fucking like that's the thing this moonbirds
thing this that APHES all of that pale in comparison to the importance and impact that
other side has. And if it fails, it's going to be a shit show. Like it just is. So that's really the
big thing here. And then eight coins, a whole other debacle, but I don't really think that's
UGA's fault. I think it's just dows are difficult to make work. Just like too political. And really
that's a big thing that they should try to fix too. But I think that comes with other side,
I would assume that eight coins going to be, you know, the primary component of how other side is
ran. So, so we'll see. But look, I am in Japan. So the time difference is like pretty fucking
weird for me right now. So I'm doing a little bit shorter spaces. No future I say you're gonna be
the final speaker quite poetic considering you're the first person here. What's your take?
Goddamn. All right, I'm gonna try to do this. I've been drinking this whole time just trying to like,
I had a joke two and a half hours ago, it doesn't make any damn sense. Now, it was about ketamine
and asked me if I was going to get diamond reward boost for magic Eden. Now that big Nils in there,
he's the polygon ecosystem head, but I'm gonna try to be concise. All right. So I bought an ape in
2021 May I had to sell it because of life events, but I've always like been a big fan of the club,
right? I live streamed the reveal of the kennel club, like I got my airdrop and live stream that
the vibe was always this like immaculate vibe in the fucking discord. It was a beautiful thing.
So I've you know, just watching this whole thing unfold and seeing all the fudge. This has made
me a lot, you know, pretty sad because I the club has always been just this immaculate thing,
this beautiful thing. And people were just you know, like really spicy right now in the timeline.
I we're talking about dows. I'm a multi six signer for the Abagati Dow, which is like the third
largest down the world, something like that. And dows can suck. I'm telling you this as a
Dow multi six signer. It is super political. So the one thing I said earlier on Steve space,
Steven caps, like I'm excited about the idea that you have these new members joining your community.
And that's going to sort of decentralize your community a little bit more you get new members
and they're going to need to buy some ape to be able to vote, but you just have a broader base
of voters, which is dope for decentralization. So you know, I just want to see the you know,
I'm not a member of the club anymore. Like I said, I had to sell because of life events.
But I like seeing this renewed energy. The clubhouse was a thing when I was there back
in 2021. Just being in the bathroom, drawing shit on that board, you could throw up a pixel
every 15 minutes. It was a fucking vibe. So seeing these vibes kind of come back seeing that energy
of people wanting this clubhouse in Miami, I even I can't get in. I don't own an asset. But if I
could, I would want to and I'm just very excited for that. So that's all I want to say. Thank you
for letting me up. I'm going to go drink some more. But fuck you guys got me drunk just waiting,
trying to get up here and talk, but I appreciate it, man.
I appreciate you. And also, I didn't know that you were a multisig for them or six signers.
Also, I'm a Dow director as well. If you're in eat Denver, hit me up, I'm going to be there
for the Dow doing interviews, pizza, Dow party, we're going to be giving away some shit like it's
you know, all that other shit. So I will be in eat Denver. I was going to go to NMT Paris, but
there's been a change of plans and I need to go to New York. So I will be missing Paris,
but I will be in Denver. And final closing thoughts before we foreclose this here is one,
all the speakers, Ella, everybody else, I appreciate you guys so much. You guys definitely
gotten a ton of shit over the past couple days. I actually think that's kind of good.
The conversation got started. I think Ella said it in a way that's much better than how I could
put it. Like you just showed the energies of the apes and that they are not going to just stand by.
And if there is something they dislike, they're going to talk about it and they'll work together
as a community to find the solution. At the end of the day, I'm just a bystander. Someone's
commentating from the side that I don't have a financial stake in the apes. So take my opinion
with a grain of salt for the for the board, a community like you guys rock and you've dealt
with a lot of shit up and down. But at the end of the day, I don't really put too much stock in
whose floor price is higher. I think it's just more so a timeline engagement thing.
And I know like people have been like pitting pudgies and board apes against each other.
I think that's a bit silly. I understand why people do it, but it's a bit silly.
I think it's actually really, really good that there is another project that is approaching
the same floor price if not passing it. It would be great if we had 10 projects,
so we're all 20 30th a piece. It would be incredible if we had 50 projects that were
all in the hundreds of millions of market cap, not billing like that is better for the industry
as a whole. There is no reason that we need one project to be successful while all the others are
not. That is ridiculous. So shout out to pudgies and shout out to Yuga. And I think that's it.
I'm going to go get some food. I'll try to do a space tomorrow, same time, same place,
and if not, we'll figure it out from that. I appreciate all the listeners that come through
every single time. You guys make this possible, and please follow the speakers and the co-hosts
because we can't do without them. At the end of the day, buy what makes you happy. Don't buy what
doesn't and just support the things that you like. I love you guys. We'll chat soon.