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Myriad Raise & Shape TGE 😳 on Coffee with Captain #1,121
Recorded: March 20, 2026 Duration: 2:05:52Space Recording
Full Transcription
Starting off with a bitch.
Now I got coin.
I see where y'all going.
Man Papa says web one.
Hello, I'm John Web two.
I was living a dream.
Now I'm on web three. And then here's where the scenes pop in the pyramid machine. Hello, I'm John. Web two. I was living a dream on web three.
And it is what it seems.
Talking to the parent machines, I'm telling you. I'll sell you a percentage on Nebula.
Shout out to Vince. Yo, set it up.
Surfing on the web and I'm sleeping at three. I've been golden when I got my G.
I'm an elegant boy from a different planet. Yeah. So I got my drink.
I'm riding in the 1920s, Model T Ford. Call her, Carol, Lord.
Call me Levi, playing on the keys, boy.
And I'm about to put my gloves on.
If I said it, then I meant that.
Yeah, I like that one, I'm about to get that.
Crash that whip with a drumstick, whip blast.
I'm about to get them all.
Are you with that?
In a white boat, surrounded by blue.
I want one, but I got a cop too.
I want to fly high in the sky.
Arms out wide, trying to swim.
I'm a bird's eye view. I'm on fire, Nikki Bobby.
Cracking the pavement, Whitney Bobby.
I'm a Saki bomb, Hiroshima, Nagasaki.
Bruce Wayne been a dog, and I keep a 101,
because I'm feeling kind of spotty.
Sipping on some rock, and I'm slipping out octane.
The only thing around my neck is the rock team.
K-pop, now I got coins.
I see where y'all going.
Man poppa since web one.
Hello, home, home web two.
I was living a dream.
Now I'm on web three.
CFL.
And then here's what it seems.
Topping the pyramid schemes, I'm telling you.
I'll sell you a percentage on Nebula.
Shout out to Vince, you'll set it up.
NFT, Twitter, my 10.
See him with the ghosts and we ballin' up the brontae.
Credo, credo.
We can make a trade, get the members.
Feels not fallin' for the FOMO.
Listenin' to Coffee with Captain.
You know we worldwide, they loco.
I ain't never gon' stop rappin'.
Orlando, yeah, we workin' magic.
We workin' Ethereum entities.
I just went and caught me a habit.
Man, I gotta shut up.
Startin' off with a out. Now I got coin.
I see where y'all going.
And poppa since web one.
Hello, hoax.
On web two.
I was living the dream.
Now I'm on web three.
And it is what it seems.
Popping the pyramid schemes, I'm telling you.
I'll sell you a percentage on nebula.
Shout out to Vince, he'll set it up.
We can't know more to choose one.
But they got knowledge to move, son. I'm shocking the shades with my brother in suits. Yo, set it up. I'm in a mask that wanted to have a face sauce. I had to bring my chainsaw full, take a cast in the pride when my brakes off.
I'm a one, but a different kind of steak sauce.
GMGM, welcome to Coffee with Captain.
Happy Friday, everyone.
Shout out to Thomas and Web3Warhead, Absolute Zero over in the YouTube chat.
We are live on YouTube as well as Abstract.
Our faith in Abstract has been renewed after yesterday.
I appreciate the team coming on and joining us.
Might have been a little harsh. Sorry for the echo. One of these days, I'll get down how to
do this properly without you guys getting that YouTube background in the background,
or YouTube replay in the background. I don't know. I haven't had enough coffee yet this
morning. Bear with me. It's a Friday morning. Happy Friday to all. I just saw,
I'm not going to say who, but one of the comments just reminded me we're going to get a special
treat for everyone. We're going to kick off next Friday. I have to look at the calendar here to get
my dates correct because we are going to continue doing our community member of the month here on
Coffee with Captain to participate in that. You're going to want to make sure that you are subscribed over on YouTube. Uh, just head over. Actually,
I'll go grab, I'll make it easy. I'll grab the link for you all and drop it up. That's actually
what I was doing. It's why you heard the background music. I was grabbing that link. I will drop it in
the chat and pin it up top here in a second. But yes, if you want to participate in the community
member of the Month,
make sure you've headed over to YouTube.
Give this video a like and subscribe
while you're over there.
YouTubers win on Fridays.
I don't know what it means,
but they say it's provocative.
So let me grab that link.
It is up top now.
Head over to YouTube.
Give us that like,
and we greatly appreciate it. GM, it is Friday. Head over to YouTube, give us that like, and we greatly
appreciate it. GM, it is Friday. Teacher Katie over in the abstract chat as always. I'll pin that
up top as well, and we'll get rolling here. Any good cold? I guess I could go March Madness for cold open. Hi, my Buckeyes lost. That was the only, as I did the...
Ooh, I do have an actually important cold open topic.
This is, there was an X update.
I downloaded it on both the phones right before the show.
It's one of the updates too.
Sometimes it, like when you, like if you open up App Store
and you search X
and then it'll leave the,
usually if there's an update,
it says update instead of saying open.
But this is one where it says,
it shows open still.
You got to click X
and then it shows the update.
I don't know why they do that.
It's different from time to time,
but it is,
if you just go to the first,
after you search X,
it looks like there isn't an update available.
You actually have to click through and then you can get the update.
But that is,
there is a new update today.
So maybe as we're warming things up,
as we're in the quote open here,
if you think you might be wanting to jump on,
or if you have any issues,
you probably won't hear this if you're having any issues with X, but if you do want to think you might want to
join the stage at some point here on the X audio space, go get the X update now, make sure you're
on the current version. That is one of the things we've identified when we get some glitches, when
we have some trouble with guest speakers, if they are not on the most, if we're not on the same version of X,
it creates issues, typically. Now, maybe things have changed, but historically,
that has been the issue. I jinxed myself, because as I was saying that I tried to kick the co-host invite to the coffee
with captain account did not work. It booted it from the stage. So that issue remains. They didn't
fix that with the latest update. I don't know what was fixed. Although I will say the new chat or I'm
the new DMs chat icon is new. It is evolved. That's the first thing I noticed with this recent update, at least on
mobile. They changed how that chat icon looks. Happy Friday, George. And we have the dislike
button now. Almost hit the dislike button on the, at least on mobile, we have dislike button.
So you got like and dislike now baked into this new update.
George or Jorge?
I am looking forward to, I'm not going to dox your location,
but looking forward to an in real life coffee or lunch here in the near future.
But yeah, help me.
Is it George or Jorge?
I hope you don't mind me asking.
And it is a sign of endearment and affection here if I mispronounce your name.
Hopium.
So it looks like we got some AI in the chat.
Nice video.
Is that a, I guess that's, I'm guessing that's a Grok video.
Suyin.
And Sean, great to see you back there.
Mumbarak.
I'm not sure what that is.
It is, I think, a...
Some holiday today, maybe?
End of Ramadan, does that sound right?
I'm not well-versed on all the holidays,
but I saw Google told me there was some holidays. So
I do think it's last day of Ramadan or maybe last, maybe that was last night. Um,
trying to get, I thought I had it down with the knocking out the
so weird. I just can't even explain how like, yes, X update, but apparently was not one.
None of the updates fixed X or fixed audio spaces. Wife Jorge says wife says Jorge when
she doesn't need anything. And when she's mad, she says, George, that's, uh, that's funny.
mad. She says, George, that's, uh, that's funny. Um, no one calls me Christopher.
I don't even think anyone here knows my middle name. Maybe that'll be our quote open. That's
our quote open question of the day. I got a hundred bonus points. Can anyone guess my middle name?
I will give a hint and about 30 seconds. If anyone gets it right off the bat,
I would be super impressed. Cause I really don't think I've ever shared it before.
But I will give a hint.
My first name and middle name,
this is probably going to give it away.
If you're a Superman fan,
this next hint will give it away
because I really don't think I've ever shared it out loud.
But my first name and middle name
are the names of two different Supermans.
Can anyone guess what my middle name is?
But where I was going with that is my,
no one ever uses my full name, Christopher,
except for my mother when I got in trouble as a kid, she would yell my first and middle name combined. It's probably a common
theme, at least in a, uh, Michael is not my middle name. Good, good guess. That'd be cool if it was.
If Michael was my middle name, Maria, I might have went by my middle name as a kid during the
Michael Jordan prime. Uh, I might have just went with Michael Jordan.
It is not Stephen.
It is not Charles.
It is not Clark.
You're close.
You're close, but it's not Clark.
Not Clark Kent.
The actors who played Superman.
Now I'm really giving away.
It's not Edward.
Although, I know I've told this story before.
Maybe the weirdest, oddest compliment I've ever gotten in my life.
I was walking on a beach, I think in Destin, Florida.
Not Henry.
I was walking on a beach and this is like peak of the twilight.
Twilight all-time highs.
Like twilight was everywhere.
Yeah, Von Fronten got it.
Twilight was not Clint. Von Fronten got it in the
worm. I'll share it on in the other chats here in a minute. Peak of hot peak of Twilight.
And I'm walking on a beach in Dunedin, Florida, or excuse me, Destin, Florida. And this lady who
looked like leather, like her probably lady in her seventies,
maybe.
And like,
she had been on the,
on the beach out in the sun without sunscreen for the last 40 years,
every,
every day of her life,
like human skin instead of skin.
It was replaced with,
with leather to each their own.
I just like,
and I,
I am a very,
like I,
my natural skin tone is about the shade of this
hoodie. And she comes running up to me and she says, oh my goodness, your skin is beautiful.
What sunscreen do you use? You are so perfectly pasty. And if it wasn't for, and then like at the
time, some of my, and I don't, I've never like, I've gotten, when pre-beard, younger, I would get, occasionally get like the Matthew Broderick from Ferris Bueller's Day Off comparison.
And then as I age, I've gotten Hugh Jackman, which I will take as a compliment.
The only person, and then my daughter's friends would say I look like Edward from
Twilight. Anyways, long story short, this lady was flabbergasted that I was so perfectly pasty.
It's the only time in my life, thanks to Twilight and the vampires, that it was, it was, uh, hip to be,
to be pasty. Yeah. Dean soon, soon you got it. Uh, Christopher Dean. The only time I ever got Christopher Dean was when I was in trouble as a kid. Uh, but yes, Christopher Dean is the
first and middle name. Um, anyways, that's probably, that's about enough cold open. I don't
have anywhere else to go with it. I don't even know how we got on middle names or Superman. Um, anyways, that's probably, that's about enough cold open. I don't have anywhere else to go with that. I don't even know how we got on middle names or Superman. Um,
I did see, I'm seeing now what first I was going to say
congrats to Myriad for the, maybe we go spicy. Maybe that's, as I was crowdsourcing,
getting out of our cold open here,
I was crowdsourcing some titles this morning for the X-Bases.
I did drop in the, you'll see like the YouTube title.
Yeah, it's Dean Mesh Mesh.
The guesses were Charles Clark, Henry Paul,
Brandon, Henry, Bud, Stephen or Stefan.
CDJ is the initials.
Bond front and gets 100 bonus points being first.
And I was searching for, and then Sue also gets 50 bonus points for being first on X.
Payton, I hope you're keeping track of all these bonus points to decide our community member of the month.
Where I was originally going to go when I went to go look for a full ADD brain for the cold open this morning, by the way.
We're 15 minutes in.
We're going to jump right out of it.
But where I was originally going to go is next Friday, we will be picking our, not only picking our March community member of the month,
we're going to be kicking off a, we'll still do community member of the month,
but we're going to have a fun weekly prize on Fridays.
Friday is kind of like our fun catch it all day.
Open mic.
It's always an open mic here on Coffee with Captain Community Show,
and you all certainly help make the show more than you know.
I had a fun day yesterday, probably the most vibrant stage we've had in a bit. It's been a fun week. We had a big show
on Tuesday with Adam from OpenSea. Very, very hopping day yesterday with, you know, the abstract
conversation. I don't really call it drama, but that's, that's my other takeaway is we just need
a leading protocol or blockchain to have somewhat of a, somewhat of a PR crisis to lead to a hop
and show a kid. But we actually have had some news this week. It's not been the greatest of news,
but news nevertheless, and makes me, yeah, not just pasty, perfectly pasty is what she said.
Makes me, makes, made me reminisce a little bit for the, the good old days where there was some
sort of news like that, that just everyone wanted to talk about. Everyone wanted to get on the conversation back in the mania, back in the best of days. But we'll be back. We'll be back.
I don't know when we'll be back, but we will be back. I just got a follow by Munch, who
with World Markets, I'm not sure if you're on the World Markets team or not, but his prediction is
mega ETH TVL greater than $1 billion by end of the year. It's currently right around 100 million.
Yeah. Anyways, I'm debating Munch Great to Connect, longtime fan. I will say this. I don't know. I
see in your bio contributing for World Markets.
Overdue.
Oh, no, Joe, I do not see your request on stage.
So I will say this again.
You may not be able to hear me.
Make sure you're on the most recent version of X.
X just did an update.
I updated right before the show.
I don't know when it came out.
But this is the update where they incorporated the dislike button. And this is, this is the issue.
I see shallow ones coming up. Yeah. If you're on a different, if it says no update for you,
you have to actually make sure you click, click you first, it'll say open instead of update.
Click through the X, and then it should show update.
But yeah, I'll see if I can find you.
I don't even see you in the, oh, there you are.
So I'll send you the invite, see if that works.
I'll just give you the invite to speak.
But you got Anthony coming up as well.
Finishing my first thought.
I'm going to work on finishing thoughts here today. but you got Anthony coming up as well. Finishing my first thought.
I'm going to work on finishing thoughts here today.
I'll get another chug of coffee in
and get the ADD brain at least ironed out for a bit.
My thought to munch is overdue invite.
I have wanted to get someone from War Marketon.
I am long mega ETH.
I actually need to get active again over there.
I was early at launch and it just,
things have gotten busy. But yeah, whether yourself or someone from the team, I would
love to get someone from WorldMarkets on at some point to do a deep dive, excited about what's
being built there. And yeah, maybe I shift a little bit back into what is happening.
shift a little bit back into what is happening. What's the latest and greatest on mega ETH?
I know they haven't TGE'd yet. I kind of sent out as a joke yesterday.
Remember the people who thought OpenSea, Abstract, and mega ETH TGEs were going to
kickstart our Q1? Yeah, that's me. I'm those people. And while it's not Q1, I still remain probably irresponsibly long
on not just those three, but someone else then brought up, and there was a lot of others that
said, oh yeah, also MetaMask and like the 40, 50, 60 others that were originally supposed to drop
in 2026. I think we still get them. I just don't know if it's going to be a.
I think it's door is on record of saying October is when we get our all time high October is when we start pumping again.
Maybe.
I guess I would say it's I feel now that.
I guess I would say it's, I feel now that probably more likely Q3, Q4 than a Q1, even Q2.
But I really don't know.
I just, I think it's, we're at a point now where it's, we saw this global uncertainty,
even though fear and greed popped into like the 40s this week, for the most part, there's just macro is wild.
And it's more than just, I know it's easy to look at like oil and the Iran conflict.
But I think it's really just more uncertainty that housing prices are wrecked.
I'll digress a little bit and then we'll get Anthony and Shallow in here if you want to join the conversation.
a little bit and then we'll get Anthony and Shallow in here if you want to join the conversation.
I also saw Joey dropped a
interesting take for
from physical card shops.
And then I also want to circle back to Myriad, Their Rays
and some controversy around that. I've seen a few
loud voices,
and I think probably they're fair in their critique.
I don't even call it fud.
I think it's just real critique.
And I think what I'd rather do,
before I go too deep on it,
I want to at least extend an invite, extended invite to Faroque and see if he would like to,
like to come on the show
and just talk through it.
But yeah, I did.
First of all, I wanted to current,
I didn't see an amount,
but I did see that Myriad closed on their seed round.
I thought for some reason
they'd already raised a seed,
but they, seed round included Verta Ventures, Aros, Igloo, Side Door Ventures, Wave, EVG, Moon Pay,
Walrus, old fashioned research as well as several angels. Most notably, Tom Lee.
I should know this punk. I do know this punk, but it's slipping my brain. Udi, Luca, Seed Phrase, Orange Cap Games, Blondish, Bubble Maps,
Wiz of Soho, Zagabond.
I should know all these, but some are not clicking right away. Anyways,
we'll come back to that in a minute. And as well as the other post I mentioned there, but
hope everyone's got their X worked out. The other thing is it like when my X was on the old
version, not this most recent one, but two updates ago, I was like, I couldn't even find spaces. Discoverability was
really nerfed. And while I don't ask every day, because I do know we just got the most recent
update, like I think overnight, I would just ask a little extra love getting things warmed up. Any
likes, repost bookmarks on the space are greatly appreciated. Goes a long way to help with
discoverability, especially when discoverability is just, we get a curveball thrown at us due to these X updates. There we go,
Joey, you made it up. GM, welcome to the stage. What brought you, did you want to talk about this
Sergito post or do you have something else on your mind? What brought you up?
I came up originally to tell you Ramadan ended yesterday, but on the, on the myriad thing, you know,
I saw some people commenting on the timeline and I,
and this was like a few days ago before they announced that. And I,
I kind of, I don't know,
what do they call it when you go on your the opposite arc?
I can't think of the word right now, but I'm just curious, like who's using near end?
Like,
there's not a lot of volume over there.
Like maybe I'm not understanding like where,
like how they're able to raise this much money.
Like,
you know,
Cal,
she raised.
I don't think we know how much they raised.
Did it not say in the...
Hold on.
Let me try to find it.
I did not...
I need to know how I can even...
I'm going to try to log in.
I'm going to there right now because my only...
I want to make sure I can still log in with Abstract
because that was the only way I'd logged in previously.
And they moved off of Abstract to B&B Chain.
And Season 3 is live.
Use your Myriad wallet to trade in new markets.
Click the Abstract button to trade in old markets.
They remain open, but don't yield Season 3 points.
And quests and points markets are depreciated. Trade in new
markets and refer users to earn season three points. First drop next, we'll drop season three
points next week based on your contributions to Myriad. So basically, I was able to log in with my
was able to log in with my abstract wallet,
which is how I originally created my Myriad account.
But you've got to create a new,
I don't know.
I don't know.
It's confusing.
The flow is not great.
So I did log in and it looks like it does, I think, automatically
create a new myriad wallet, I guess. And then if you want to go back to abstract,
you can, um,
I just found an article that says they already raised 7.8 million in September
of 2025. Okay. I thought they did a raise.
So yeah.
And here it says,
however,
in February,
the platform raised 20 million in a pre series,
a round led by hack VC and jump crypto.
I don't like,
like I said,
I'm not,
I'm not here to,
I'm not,
hold on.
That does, that doesn't seem like...
Seems off from what they just said in...
I mean, pack and
jump is not listed on the
most recent updates from yesterday.
Let me share, or maybe...
This says it was posted 19 hours ago.
Maybe this...
I mean, it looks like a legit website um
i'll let me go let me do more research but i mean either way like and i'm not hating on anybody like
build build right like i'm just with the list of people that it like is in that post you have to
imagine they raised multiple seven figures i can't imagine that list of people that
is putting in like 10 grand you know like and it's just i don't know anybody that uses it
so it's like i don't know i i'm just trying to understand like where where the volume comes from
to justify you know 8 million in september and now probably my guess is it's got to be at least 10 at least
10 million if not more that they raised this round and they raised 20 million last time I would I
would expect I didn't know they raised 20 million previously I'm not sure that's wholly accurate
7.8 7.8 to your point though and Diego we'll get right to you next uh I think you might have some
insight shallow one as well if you have any Myriad insight.
I would just say this.
I agree their challenge, I think, is just their markets.
I'm a sports fan.
I use Kaoshi to become my go-to platform.
I would use Myriad, but I'm just – this is their sports tab.
I don't know soccer or football, the rest of the world calls it guess i could bet on the lakers pistons game tonight there's 330
in total volume on that um i mean like what is the volume does anybody have like a game
like what how much does it get used compared like i posted something earlier this week
that showed the other prediction markets like like Kalshi and Polymarket,
and, like, all the volume that's getting done there.
And Myriad's not even in the top 10
of all the different places
where you can do predictions slash sports betting.
Yeah.
Wait.
Oh, so it's...
Myriad is restricted still in the US S I thought they had got some,
I thought they had gotten some, um,
I can't,
I can't remember the name of the license or whatever's required,
or maybe it was still in process to,
to be able to, to operate in the US.
But let's do this.
Let's get Diego in here.
And I don't want to FUD them.
I'm not FUDing them.
I'm just like, it is a real challenge.
Like, I would use them.
I was specifically interested in using them when they were on Abstract
because I could get the double farming.
I also have a Rug NFT,
which at some point I should have
some Myriad token coming at some point.
But there's just not...
Like, this is pretty sure this is a no.
Over two and a half quarterbacks
drafted in the first round.
I would take no on that.
But get only $400 of volume.
It's just...
It's a big... a big hill to climb.
I respect the effort and getting, I will say this, I'll give credit for being early to
prediction markets.
Like I was one of the ones who thought prediction markets would kind of slowly die off after
the 2024 election.
And I was very wrong there.
Like they went parabolic since then And Marriott had pivoted from
Rug Radio and what
they were building out there into
really leaning into prediction markets, and they were
right. It's just tough. It's tough
when you're competing against giants like
Kalshi and Polymarket, who not just
have the funding and the resources,
but also the backing, and they've
kind of caught... I don't
want to say they caught lightning in a bottle,
but it'd be like,
and it's also not impossible.
Because I think of like DraftKings and FanDuel
had,
Fronson's purpose is quote unquote,
won the daily fantasy sports race.
And you had someone like Underdog come out
and launch well after them.
Actually, the founder of Underdog
had sold his first product
to FanDuel. And long story short, FanDuel sunset that product. And after his non-compete ran up,
he started Underdog. And Underdog's become the leader in, unquestioned leader in the best ball
game. And it's not just best ball.
Now they've launched other markets. And so like, there's a world where underdog may already today
be a bigger company than FanDuel. Think about that. Guy starts a company, sells to FanDuel,
who's number two in a very large industry. They sunset the product they bought from him.
Not, you know, they acqui-hired him. They part ways.
He then goes and starts another company that now is bigger than FanDuel and competing directly
against them.
So there is a path.
My thought is they need some differentiating factor.
And while I do see what you can build in crypto and the network effects
and the community, polymarket's already in crypto.
So like, I just, I need something different versus just another prediction market, in
my opinion.
And it's tough to do that if they have the, the volume they have in the few markets, liquidity,
like liquidity matters in prediction markets.
You really need it.
Otherwise, it's just not, it's hard to get out of the starting gates.
That's it.
Diego, get in here and then we'll go.
Don't do we, I mean, also to consider, I mean, like, like you said, they launched
rug radio and launched NFT collections and launched tokens and then launched a
crypto media company and then now launched a prediction markets.
Like what, what confidence do we have in the team that's just been pivoting for the last
three years to something new over and over again?
I'll come back.
It kind of goes back to what was talked about yesterday, right?
Yeah, I'll come back to that.
This is where I did a few other spicy takes.
I will share that in a minute.
I also don't know if Riggs is out there.
If Riggs is out there, he might have a thought or two on this as well but diego gm hola
this morning hello uh yeah talking about myriad i was very early to the first stage of myriad markets
uh they started uh the first time Arbitrum and then when
Abstract launched they
went to Abstract
of course we can imagine
that there is no liquidity on
Abstract to maybe
push harder the
prediction market that they are
trying to do
so my guess here
is that they are bridging or choosing BNB chain to
get the liquidity if they are planning to compete with all those giants like Alshi or
Polymarket. Maybe we can try to DM Ilan Hassan or Farooq.
They had like an umbrella company called Dustin Media.
They managed the Creed Media Market and the former Rook Radio.
So I'm going to try to hug you up with them to see if we can bring them to the show
to get more information.
Or even Jesus Cole help us there
because he's a very huge user of Myriad, you know?
Awesome.
Yeah, no, I appreciate that.
And I'd forgotten they launched on Arbitrum.
But yeah, no, that's... I i don't know i guess i was on
there but i definitely i definitely utilized or used it when they were on abstract but i
yeah i completely forgotten that they had launched yeah um from from the other in other thing that
you mentioned before uh on how to use it at this moment uh I don't know if you remember, but there were some quests where you can get points
and you're linked to an Ethereum wallet.
But if you hold the Rock Radio NFTs or RedGuys, you get like bonus points.
So in this case, if you have the you have to you
link at that wallet that it's your wallet, you just need to
change on your metamask to BNB chain, and you're going to be
able to use it. I'm not sure if for new users, maybe there are
going to create a new wallet. But let's see, we can try to bring
them to the show and all the doubts.
Yeah, awesome. I appreciate it. I'll DM Farouk as well.
I don't expect him on the short notice today, but maybe we'll get him on next week
and get his side of the story.
Because the other, like, where I'm going to go here in a bit, it's not great.
I mean, it's some pretty aggressive, I don't even think calling it thud is fair.
Like, it's, like, almost threats.
And I don't want to, like,'t want to like go too hard in that conversation
without Farouk being able to at least defend himself. But Shalowen, GM, I think you're
somewhat familiar with this as well. Thoughts on Myriad, this raise and anything else on the
prediction market front? Yeah. So I think it's actually very interesting. Actually,
I'm not a hater on it. I do see a lot of the things on the timeline pushing back on it,
being an NFT company, now progressing to more of a traditional media slash platform. I think the reality
is that you have to pivot, right? If you're a vital business and if you understand someone
like Farouk, he understands attention. And to be fair, I think what it comes down to
is having the budget for the marketing to promote push if they're pivoting to finance
it shows you that they're understanding the importance of liquidity in launching a prediction
markets platform the other thing too is you know if you're really going to build a company that's
going to last it's got to usually be technology based now mind you i thought all of these things
prior to but with the advent of open claw anded Code, which is pretty much taking over as well as Google, it just shows you, you know, you have to be able to adapt to the game to stay relevant.
Prediction Markets, yes, they're early. I think it's also important too. You know, I've been, I'm still currently with projects that are raising and Prediction Markets is, you know, is still a very talked about opportunity, especially given that they do plan on launching a token
versus CalShia Polymarket are not.
They don't want to get into the spec later part of it.
And I assume if they do, at some point,
it'll be more on the stable coin side
than it will be in a traditional altcoin.
Yeah, so just to kind of put this back together,
you know, talking to Loxley
and kind of understanding how things work,
it's like, it's gotta be a tech play, right?
And then again, it's gotta be marketing
and then user acquisition,
and it's gotta do all these things.
And you have to have a good fund
for people to be able to get into.
And to be fair, we're also putting,
people putting their money outside of AI, right?
This is probably the closest thing that you'll get to,
a real opportunity to get a unicorn.
Because you can see the potential, obviously, with Polymark and Kalshi,
and see where you're going to be able to build as an investor and hopefully hit 100, 1,000x.
So to me, it's probably on the tail end of where we're seeing raises for prediction markets, but it's still absolutely a vital space.
You can obviously tell
leading up from the Super Bowl to the election to the Super Bowl and now obviously March Madness.
So there's just a lot of huge opportunity. I just give them a lot of credit too, because
not only because early, but because they were able to continue to raise, it just shows you that
they're showing their relevance. Now, again, I understand the liquidity part of it, but that's
easy to fix. You just got to give the right incentives, right?
If you give the right incentives, if you get enough KOLs and, you know, a web to push into these things,
maybe they have a mass distribution play within media.
Maybe they have a mass distribution play where they plug in their platform into all these different sources,
publishers, portals, areas where they can really grow. And again, you requires a lot of liquidity to do the marketing efforts the same way that CalShe did, right? To be fair, CalShe was late to the game. Polymarket was early,
but because of the way they marketed to the younger generation, to the Gen Z versus to the,
you know, more serious capital, political, geopolitical side of things, they really took
the market by storm. Now, of course, I disagree with some of these things and how they've marketed
towards, you know, teenagers and college kids and college campuses but i just again it just shows you the
opportunity of what they have they must have a proper marketing business plan in terms of
a go-to-market for them deal to raise as well i we don't assume that they just raise these things
with uh you know a closed business plan and just like hey just invest in the tech
um so yeah no that's just my initial take i would love to hear some of your thoughts. And then I'll add a couple
more. Yeah, no, good, good take. In while yes, they are well connected, they got, you know,
from, I'm going to play a clip from Katie here, folks take on VCs.
These, these angels, these funds are not just going to throw money at something they don't
think has an opportunity or some shot. I agree with you, like outside of AI right now, prediction
markets is probably the hottest opportunity. And, you know, the valuations, like Calcio raised
another billion at $22 billion valuation. It's just, it's wild.
Like you could say, is that overpriced?
I don't know.
But liquidity is so important.
Like the funding is so important.
Maybe this raise helps them enable more markets.
Now, prediction markets are, in theory anyway,
supposed to be peer-to-peer.
So unless they're going a different route,
shouldn't be on the other side of these. They wouldn't necessarily be using that raise
to be on the other side of, you know, providing liquidity in these markets.
I'm just not that deep in the back-end operations of prediction markets and understanding what might
be going on there. It's, on the tech front, though, like, I could be wrong. I'm very,
I very well could be wrong. What I heard, and this didn't come directly from Marriott,
but what I heard from a pretty reliable source
was that the tech isn't necessarily even their tech.
They're just white labeling or private labeling
someone else's prediction market tech
and really more of the like marketing arm,
go to market and scale the thing.
But I don't know if they have any moat whatsoever
on the tech front from what I was told.
That could change.
Maybe part of this raise is to build their own proprietary software or proprietary tech.
But at least initially at one point, I was told the tech was someone else's tech and
they were simply white labeling the prediction market tech on the back end.
But Anthony, GM, sorry we didn't get you yesterday.
Appreciate you jumping back up.
Thoughts on Myriad Market or anything else that we already hit on this morning?
GM, GM.
I think on the Myriad topic, you guys are spot on.
At the end of the day, distribution is everything right now, right?
Even you want to talk proprietary tech with the way things are moving with AI.
I feel like that mode is no longer something that people feel a lot of security in.
But distribution is the end-all, be-all.
So you just look at the people behind it.
You understand the opportunity that they have. I that that's the play really and if i'm investing that's that's where i'm going as well right to the built-in distribution channels
yeah no fair um joe we go back to you yeah i mean if we're talking about distribution the move to
bnb chain is a little weird because when you look at like the top countries in the world where prediction markets and sports betting is, and then you look at where
the majority of BNB chain usage is, there's not a lot of overlap there. Like the majority of the
money from BNB chain flows from, you know, Southeast Asia, Vietnam, Philippines, Thailand,
you know, Southeast Asia, Vietnam, Philippines, Thailand, India, Pakistan, parts of Africa,
like Latin America, where the top prediction markets in the world are USA, China, Australia,
United Kingdom. It's like, so maybe BNB offered, like, you know, we always talk about like,
you know, why do people switch change or choose certain chains maybe bmb you know offered some type of grant investment etc etc but i guess
when you're that's my that would be my question is like why the move to a chain that the majority
of the money that flows into that chain isn't from any of the top countries that are prediction bets
and sports bets.
I like Payne's angle, not just because he's the best producer in the game, but I agree with the take and probably something to do there is, yeah, do you want to compete with
Polymarket here in the States and Kalshi, or do you want to go somewhere where there's not a leader
yet? And Payne says, you could argue B&B is untapped liquidity,
specifically in the prediction market.
There's a lot of liquidity there.
And not, as far as I know,
they might be first in the prediction market game on B&B. So could be tapping into,
could be tapping into the liquidity mayhem on the,
the converse of this is B&B offers for a crime.
Not me saying that but uh
also possibly in range i don't know let me let me play this quick clip about 60 seconds and then
we'll get back to hands here uh 70 seconds thanks katie for sharing uh is that audio coming through
it is but like very very very very very quietly but like that's not what i wanted to do
show the world that i can build and we can build a company through nfts let's see what it is and
that's what's so revolutionary about it and i want people that double it down because i really want
people to understand that we just showed everyone that we can raise 2,100,
which was equal to $7 million a day of launch.
Exactly, I thought.
Through NFTs and build something that will be successful,
but also the people.
I'm a true, like, I'm really a pure, like, as well, you know,
as much as Mel is a purist in terms of decentralization,
I'm really a purist in terms of community building.
And so really wanting to reward the people that believed in me personally and that followed
the journey of Baroque in the space from the get go, that then evolved into something bigger
than me.
I want this to outgrow me by 10 million times.
And that's what's already doing.
I'm seeing it.
People are starting to value our homes and the treasury and then there's a doubt and I'm
slowly just going to blend it.
So I, I, I have no insight.
I have no inside knowledge.
Just hoping, guessing maybe it is pure hopium that maybe those NFT holders, those Rug Radio
NFT holders, which there was, if you just to catch everyone up there, there was a snapshot taken, I think, back in October, like, kid you not, like, days before 10-10, and alluding that, you know, token was coming, Myriad token was coming soon, and then 10-10 hit, and it's been kind of, for all intents and purposes, down only since.
And not just Myriad, but most teams in the space have delayed or deferred their TGEs.
And maybe, maybe the NFT holders end up getting gifted some equity in Myriad.
I do think that's some of the complaints in the timeline.
I will flash some posts here in a second.
And I also, if, Farouk, if you happen
to catch a clip here, like open invite, I'll send you a DM after the show. I would prefer to have
this conversation with you or someone on the team to hear both sides of it. And I also fully can
appreciate and understand that if this was in the cards, what I just speculated, you can't talk
about it. You can't talk about, oh yeah, our NFT holders are going to get equity because now you just turn it into a security.
You can't.
It's a tough spot to be in if those are your plans, whether it's token-based or gifting equity to NFT holders.
You can't talk about it until after the fact.
about it until after the fact. Rec guys did this successfully. There's been a few others. Goblin
Rec guys did this successfully.
Town, Frogs, all ended up gifting equity to their NFT holders. Or in some cases, I think with
Goblin Town, you had to burn your NFT in exchange for the equity. But case in point, like there was
no, you don't have to buy into those rounds. You just got a sliver of equity for being a supporter,
being a holder. Kind of what Farouk
alluded to in that video. And now some people are up in arms. And we talked about comms, PR,
frequent updates, communication. I went on kind of a rant on Monday, and I have chatted with
some of the Yuga leadership team. Maybe we'll have them on next week as well to see just to continue that conversation and hear
from them. But just like that, when months go by without any updates, often at least some people,
at least some of the supporters, they're going to start thinking the worst because they just don't
know. And there's some people who are deep in that rug ecosystem, held a lot of NFTs.
And since the snapshot, the NFTs basically went to zero.
And there's not been any updates since.
And they're frustrated.
And then they see a raise yesterday, and it caused more blowback
and reignited the FUD or the anger on the timeline from those individuals
because, oh, we heard that we were going to be taken along for the ride. And I'm going to get cheeses in here next.
I also remind me to come back to OpenSea Waves 1 and 2,
something that they couldn't, maybe couldn't say or didn't say.
But someone brought up yesterday, after the fact,
commented on that video and pretty interesting take. And I want to double tap on
and actually dive into this recent, we talked about the SEC CFTC announcement. I want to actually
zoom in on that because there was some interesting information in there that I had missed. Most people
probably didn't read the whole thing, myself included, like six pages into it was a really
interesting thing that may or may not, we're speculating here, but may actually have to do why OpenSea offered the option refunds for ways three
through six and not waves one and two. Stay tuned for that. Jesus, GM, thoughts on Myriad,
prediction markets as a whole, or anything we've already hit on this morning?
GM. Yeah, I missed the first like 20 minutes, but I caught all the Myriad stuff.
Yeah, so I've been heavily involved in Myriad. I was a beta tester of Myriad early on.
Can I ask real quick? Was that due to your deep in the rug system, ecosystem?
Yeah, well, I was...
Or was it abstract driven?
Well, no, I was... So this was when they had their creator program going on i was actually
a creator for rug radio um so they would amplify my spaces they would you know a lot of does that
exist at all anymore in any form or no no they completely sidelined they shut down the creator
discord it it kind of all came out of nowhere. Like it was like,
boom,
like,
you know,
it just kind of faded away.
We used to have deal flow.
Like it was really,
really good.
So today it's essentially like rug radio is like FOMO hour and anything just
like,
it's just like Farouk and the,
just a handful of creator.
Like what,
what is rug radio today?
I should know this,
but I'm well,
rug radio today is really no longer Rug Radio.
Like...
But they did do the deal with Decrypt.
And so they have, like, Diego shared the parent company.
Yeah.
So...
Yeah.
So Dastan is the main company.
Then you have, underneath that umbrella, you have Decrypt, which is their media side.
that umbrella you have decrypt which is their media side so the original platform layout was
that you could go on and you could read articles by reading the articles if you had the extension
that was it would pick up everything and you would earn points and then those points you could then
take in place uh predictions inside of the market
there wasn't enough volume on usdc so it seems like they have now this new season three they've
gotten rid of everything decrypt related you can still go there and see the news and like see the
articles from decrypt you can't earn from them now they may give you some insight into some of the prediction markets they have because a lot of them do have a prediction market pegged to it
so it's it's kind of still leaning both companies together um i do understand that they had to go
away from points they did need to start making money they did need to start bringing more liquidity on chain. Their markets were complete
trash because if I go in there and put $500 on a prediction market, I'm losing. I was losing like
30, $40 because there wasn't enough liquidity. It wasn't deep enough for it to absorb me just
making that small of a bet, which $500 is a lot of money,
but you don't have that price impact
when you go on Polymarket or on Calci.
So that was their biggest problem was liquidity, liquidity.
They were not hiring any creators.
I reached out about, you know,
because I was number one on the Myriad Z board
and, you know, absolutely cooked over there because I, you know, we were running a spaces for about six months called Myriad Minute where we were hosting a morning show about Myriad.
show about Myriad.
Like, bro, I was I was deep into this.
Like, bro, I was deep into this.
Then when they decided
to rug the
NFTs,
pun intended, and
I don't know if you have seen the Myriad
Foundation page. It's Myriad
FND.
That's the handle.
And the last tweet from them regarding all
this was on October 7th.
And they said, a snapshot of all Rug Radio Genesis NFTs
and Rug Token balances claimed, unclaimed, and to be yielded
has been taken for the future conversion into ticker MYR,
community allocations.
I've seen the Bored Ape guy running around.
I can't remember his name.
Yeah, go ahead.
Bro, he's, i don't know what how
farroke hurt him but i've seen his post a lot and the guy is definitely pissed at them
their nfts weren't a very high floor and there was 20 000 plus of these things you know um
they've never said that they were going to do a public raise they never you would
be in his argument that the rug token and the nfts were the only supposed to be the gateway into
ticker mirror is kind of kind of dumb it's like you don't think this company's going to raise
you don't think there's you know i think it's smart they're not doing a public raise then you're just gonna have a whole
community pissed off that you didn't tge yet yeah so it's like you know they're doing what's best for
the brand they're doing and i'm not defending farroke i'm not paid by farroke uh i don't get
any deals through them anymore as a creator but I do think they're trying to build a legitimate,
you know,
web three focused all around web three focused prediction market more than
any of these other prediction markets that are out there because,
you know,
they're,
they're bringing a massive decentralized media system of decrypt in to the
fold. And it allows people to do the research
right on the website uh a lot of these guys i mean bro they have a reporter in the white house
like that has a press badge for decrypt media you know this guy's interviewed the president
of the united states there's supposed to be another interview coming he's interviewed both
trump brothers eric
and donald um you know he has a great relation when i seen the relationship when i seen the
the partnership with b&b that they did a few months ago while still on abstract i was like
oh this is about to get bigger than than abstract that that was my thought because b&b has so much
volume so much liquidity but they don't have a prediction market.
And they tried it with Linea.
That was a massive failure.
Someone mentioned they did have an earlier prediction market.
Linea is the name you're missing there, MeshMash.
Yeah.
Yeah.
And these were just like little partnerships,
little activations to branch out further into Web3.
They did Arbitrum.
They did Linea.
Obviously, they launched on Abstract.
And then the B&B thing is what sent it over.
And then when I seen him interview CZ multiple times already, there's a relationship with the B&B.
I will DM Farrow Brad for the show.
Different time zone,
very, really tough to get him live
right now, I would imagine.
But we'll see if we can get him on
at like nine o'clock hour
or some point next week.
Because my question would be like,
everything you described, I agree.
We'd love to have some of those connections
from a media standpoint.
The Crypt, if you're not familiar,
also, again, a big thing prior to that.
This was, I think, Art Basel 2024, maybe, is when they announced the partnership.
But big, I mean, the merge, the dance stand became the parent company, which, you know, above Decrypt and Rug Radio.
Decrypt and Rug Radio. My question, Jesus, is like,
like, yesterday we were talking about good to great and like, what can you be the best in the
world at? Not saying they can't become eventually, it just, it's a massive Herculean effort,
David versus Goliath, for them to become the best in the world in prediction markets.
When you talk about decentralized media,
I don't know, man, they might have been in the lead.
Like, it seems like, and not that they've hard pivoted out,
but as someone who was a rug creator and deep in that ecosystem
and it was working, you were getting deal flow, et cetera,
what am I missing here?
It just seems like, maybe the answer is you couldn't do both.
They had to pick their lane.
I think so, yeah.
It's just they really do have a lot going on in the media front
and maybe harder to monetize.
I just, interesting, kind of a hard pivot.
This is the last, you mentioned the Myriad Foundation.
This is the post.
Today, this is October 7th.
Again, three days before 1010.
Today, we're officially depreciating.
Am I saying that word?
Yeah, depreciating.
Yeah.
Just looks like I would.
Deprecating.
Yeah.
Deprecating.
Yeah, deprecating.
I would spell deprecating.
Yeah, deprecating.
We're officially deprecating.
There you go.
This is.
Thank you, Joey.
Coffee with Captain and his pronunciations with Cap. You got a hillbilly from tennessee over here trying to
jesus and i we might start a show just called uh the well on-chain hillbillies um my my college
buddies called me the city grit uh this was uh you learned a middle name and a college nickname
there a little bit ago uh anyways have you seen Have you seen the guy that does the English pronunciation videos?
And he's like, no.
And he's trying to show people how we pronounce words fucked up in America.
I don't know what you're talking about.
It reminds me of you all the time.
I'll send it to you.
It reminds me of you all the time.
You'll find it very funny.
Today, we're officially deprecating the rug radiogenesis NFT and the Rug token as part of our evolution towards the Myriad ecosystem and unified network for creator economies and information markets.
A snapshot of all Rug Radio Genesis NFTs and Rug token balances claimed, unclaimed, and to be yielded has been taken for future conversion to mere community allocations.
This ensures that Rug Radio's community early participation and contributions continue to be represented in the broader Myriad vision. Further details on the conversion process and
the claim mechanics will follow at the time of the MIR community allocation event. Thank you for
everyone who helped build Rug Radio into what it is. Your role in shaping the future of media
continues through Myriad. This was six months ago. Now, someone mentioned G Gaza. I'm not going to go down the rant.
If we're going to be extremely critical, we will wait till we get Faroq or someone on the team
here so they can at least respond. The only posts I see from G Gaza anymore are taking like,
and again, I don't know how deep he was. I don't know how many RUG tokens or RUG NFTs, but he went from a big
supporter and a fan of RUG Radio to this type of response or post is all I've seen when he pops in
my time as of late. He's asking Tyler, who's one of the angels in this round, fancy trying to
be objective after spamming RUG for the best part of, I don't know, one to two years as being the best way to get exposure to this, to then take part of a seed for actual real equity.
Fancy telling us the terms of the investment. This was a quote tweet of a comment where it says,
a lot of the seed investors were spamming RUG as the only way to get into Myriad. Now they've
pivoted entirely from mentioning it. Again, I'm not defending. I don't need to defend anyone here. I'm just saying they can't. They can't. Until they're ready to do the
thing, they can't talk about it. Like it's, they can't create a security. No one's going to win in
that world. He, you know, the other one, he says, I know I complain a lot, but for anyone who knows
1K, he's one of the most genuine forgiving guys in the space. He's trying to stay out of it. But
like me, he got absolutely wrecked by Farrokh and Miriam and broken Promises. Same thing, just saying, funny, there's no mention of equity
for people who spend copious amounts of money minting and buying Rug Radio because they were
supposed to be the only way to get equity. I don't know if this was actually said. I've seen
this said a few times. I didn't hear this. Like, I never heard that specifically. All I know is
that the Rug Radio, all that's been said that I've seen is that the Rug Radio NFTs and tokens would lead to myriad token, which is not equity.
And we all know that.
We should know that at this point.
This entire journey has been the most disappointing with broken promises made in one-to-one meetings and public forums.
So, again, I've been trying to make this an engagement-baity, fuddy, another spicy show.
But there is a lot of that on the timeline. And I think more so where my curiosity lies is...
Even that last post I just read from the Myriad Foundation, it talked about
prediction markets and media. As I look read from the Myriad Foundation, it talked about prediction markets and media.
As I look at the new Myriad site, because I actually thought what they were doing with—
Now, was I farming the articles?
But I thought it was unique.
I thought it was engaged to earn, consumed to earn, a unique way to pay content creators.
Jesus, I'm curious.
I know you were participating on Myriad.
Were you ever in, like, the engage to earn?
Like, was there ever a, hey, go tune into Myriad Minute,
and you could earn points on Myriad?
Did you ever participate in that,
or did you just keep it to Myriad Decrypt, Rug, and DGN's Live?
They, at one point sorry i spilled the drink
so now i'm fucking having to clean it up uh they at one point had it set up to where if you went
and watched the show they had it set up to where if you watched like five minutes of one of their
rug radio shows on youtube it would recognize it give you points like they were baking
in a lot of content and it seemed like they pivoted away from that but other than that the
original the original statement was always what they were doing and they've never swayed
they've never went away from that so i don't i just now found g's on apes uh wallet and i i can
see how much he spent you know he he has 52 of the rug radio nfts still um looked like he paid
you know in the range of 0.1 to 0.3 you know um so you know do that times 50 so he might have spent
you know five to seven east and ain't no telling how much token he had because he's shouting out
tyler because tyler was one of the biggest voices saying stack rug stack ticker rug and
biggest voices saying stack rug stack ticker rug and you know so i get his frustration um but
yeah i don't i don't know i don't see the team going away from what they said though i mean i
think you're gonna get rewarded for this snapshot there were plenty of people when that snapshot
was announced there were plenty of people that were cheating that floor down and taking all the weath offers
that were there yeah and man it's just tough spot to be in i i don't i don't have all the
information i have like a single rug nft so i'm like it's not that not that deep for me if i had
52 of them i'd probably feel a certain way as well but when you look at
it when you when you go to the collection collection you tyler didn't cheat a lot of it he still has
792 so he has 500 you know so like so i think we're not to speak for g's but i think like what
i'm interpreting is where was the cutoff? Did you have to have 500
of these? Do you have to have 700 of these? Because I think, I don't know, maybe, I mean,
based on what I've seen on his timeline over the past year, he's probably not getting in this seed
round anyways, even if presented the option, but it's just connecting those dots. Did they go to
their top, I don't know, 10 holders and say, hey, do you want in this seed round and give them an
opportunity to effectively double down on their investment, maybe at a discount. And then someone who had 52 of them
still as material amount of money, presumably, was just left on the outside. And still, I think
more so than not being included in the round, it's probably A, not being included in the round,
and then it's double whammy when it's been since over six months since the, you know,
the snapshot and the announcement of, yeah, this, you know, you're going to get Myriad
token, which hasn't come yet, and the NFTs have went to zero.
Like, that's, I feel the pain, and I don't know the answer.
Tough spot to be in.
I think if, not telling Farouk what to do, if I'm Farouk, I'd probably reach out, and
maybe it's lost cause,
but I'd reach out to G's and at least have a conversation.
Like, he's maybe not going to make happy,
maybe it makes things worse,
but I'd at least attempt to have that conversation,
smooth things over.
Yeah, but then how many other calls do you got to have
with all the other people after G says,
just got off the call with Farouk
and I'm now bullish on Myriad?
You know.
I mean, but that's, I mean, part of it is, I just, I don't know.
I don't know the answer.
Tough spot.
And when you look at that cap table, there's a whole lot of friends on there.
You got Seed Phrase.
You have Wizard of Soho.
You have like a lot of his homeboys that were investors into that token.
a lot of his homeboys that were investors into that token and it's it's kind of the same a lot
of the same faces you see on a lot of other different raises uh within the space so it's like
you know you could also look at it in the way of like okay well the wealthier are only getting
wealthier uh because their friend is launching a
coin in two months.
And then two months later,
that other friend's launching a coin and so on and so forth,
you know?
yes.
Did get some additional information,
not to correct Joey,
but to correct Joey,
that Myriad Raisi mentioned.
Oh, someone fired me.
You can just say things.
It's cool.
That Myriad Raisi mentioned the 7.8 million was not this Myriad.
It was another company by the same name that does automated compliance, to which that is like, what could go wrong?
could go wrong. You just turn over compliance to AI, certainly. Because I saw someone yesterday
You just turn over compliance to AI, certainly.
actually talking about legal documents from Claude and saying, this can replace your attorney. This
can save you tens of thousands of dollars in legal contracts. It's like, hey, I've used Claude
for drafts, but I'm still having my attorney. I think Claude and ChatGPT, most of these AIs,
they could replace your paralegals. They could even probably replace your junior or your associate attorneys.
But if you're any, like, it's not the document itself that's that expensive or that important.
What becomes expensive is, does it hold up?
If nothing goes wrong, cool, just use as legal zoom or, you know,
Claude or ChatGPT it. It's the challenge is if something goes wrong and you're facing litigation,
is it going to hold up in court? And I would just say, whether you're doing regulatory stuff
on autopilot or legal documents, probably still a good idea to have an actual attorney,
a human attorney, review your final
draft, especially if you're talking to millions of dollars of potential risk. I would not recommend
just fully leaning into AI for your legal docs today. But like I said, good starting point. Yes,
sir. That's what happens when you just read headlines and like summary text and don't actually click on an article.
So I was like sitting there just seeing, I saw like Myriad in September and I'm like, oh, this must be it.
And yeah, click on articles, do your research.
Don't be a dumbass like me.
So Dastan, which is Myriad's parent, they raised 20 million in February.
raised $20 million in February.
And then again, as we just mentioned,
they folded RUG and decrypt under,
into that same entity.
So, yeah, just interesting,
going to be interesting how this plays out.
I am more so than the raise or,
you know, am I going to get anything for the one rug NFT I held?
Like, I don't want to say I don't care, but I don't care.
I'm more interested in like, how does this go forward with prediction market?
And like, I really did think they were onto something with the whole engaged earn thing.
Maybe it just never took off.
Maybe no one was doing it.
Maybe I just, I don't't know i thought there was something there
and well i'm looking at their markets and they they definitely do have a lot more liquidity like
this crude crude oils next move pumped to 120 or dumped to 55 uh dollars and i mean there's 473k in volume like they never had
volume like that before um how the volume is oh wow oh wow okay so this this is i was looking at
like the sports ones and those were still light they are i mean maybe this maybe this is the move
then like lean into i'm guessing the i'm guessing you have similar stuff
on polymarket and cow sheep but yeah this is huge volume relative to the other we're looking at like
300 this is 783 000 on the urea price uh crudo's next move as you mentioned 473 000 compared to
like 473 yeah i mean if you scroll further down, I mean, there's markets.
The Ethereum pumped to 3K or dumped to 1,500.
It's got 24,000 in volume.
Like that's, you know, those are pretty,
those are pretty big numbers from where they were.
And I think that's what they needed.
They needed deeper liquidity.
It's critical.
I would even go so far, again, my unsolicited advice for the
Myriad team, kill the sports markets. You're not going to compete in that arena right now.
It's better to, because like me, I went to their site and I'm like, oh, I'm not interested. What
the hell am I going to do with a sport I don't know and there's $140 a volume? Get out of here.
They must be dying. Well, they're not. It's just like as a sports fan, that's where I go first. I think it'd be better off to not have that at all, at least highlight
these markets that where it jumps, you know, you can't miss it that they have these massive
markets on whether it's crude oil or even, even will Trump visit China before May? $269,000 in total volume.
I might put a guess on that.
I think they're going to lean into NBA very heavily
because of, you know, Asia markets love NBA.
It could be.
It's just if they're going to do that,
they need a lot more markets.
Because right now it's like they've got Lakers versus Pistons
is the one game.
And then they got,
who's going to win
the Northwest Division matchup?
There's just not.
It's NBA season right now.
They're leaning in.
They're going to lean in the NBA.
They got to do it now.
Now's the time
with the playoffs coming.
Yeah.
Or shelve it
and come back next year
when you have deeper liquidity.
But this really is like,
I am kind of shocked that they have, and this has to
be part of the B&B move. And you talk about like, hey, where can you carve out a niche? It's like,
you're not going to, I shouldn't say not, it's highly unlikely that they're going to go capture
any sort of material market share from just the just the, the, the prediction market space at large from Cal Shea or Polymarket. Just it's, I don't know how you do that. Where they could win is
some hyper niche, both maybe it's, you know, talk about BNB and the Asia market. And then,
hey, lean into oil, lean into this geopolitical stuff, because while it may be on Cal Shea,
it might be on Polymarket, you clearly found something here. I mean, they're, they're going
to push a million. I don't even know what Urea is.
But here's the thing, Cap.
They don't have to.
Every brand says, oh, we're going to be the best at this.
And Pudgy Penguins, we're going to be the number one IP in the world.
And Disney's going to try and buy us.
And we're never going to sell.
And all this.
Like, everybody wants to be the best of the best.
All you have to do is grab a little bit of the market.
All you have to do is get a little bit of the market. All you have to do is get a little bit of the mindshare. Yeah, but I think you can get a little bit of the market by creating markets
that don't exist. Yeah, 100%. And I'm guessing Urea is one of them. I'm checking right now.
I don't see Urea on Polymarket. Let me check Kalshi. Because this really could be something.
It might be.
So it's not exactly on Kalshi.
How high will the price of fertilizer get this year is a market on Kalshi.
But there's no urea, if you're not familiar, because I wasn't.
There's no urea, if you're not familiar, because I wasn't.
Urea is a colorless, odorless compound that acts as vital nitrogen waste product in mammals,
excreted in urine.
It's produced by the liver, basically turns pee into a safe waste product in skincare.
It's used for...
Wow, today, the more you know...
Yeah, I know.
Is this a market on the urine?
It is.
It's one of their biggest markets.
And so here is the market.
$784,000, their largest market in terms of liquidity.
Will urea price be above 610 on March 25th?
Now, today, if you're like me, you're just learning that urea is turning urine
into skincare and fertilizer. Do I have any interest in betting on the urea market? No,
I don't. Apparently, people do. $785,000 real dollars in this market. And what I'm trying to
drive home here is prediction markets are very much a thing. People want to bet on everything.
Well, you can't bet on Urea, on Polymarket, or Kalshi. You can on Myriad, and it's their top
market. If I'm them, I would lean into non-sport stuff because you're not, I just don't, it's
very, very, very challenging to compete with Kalshi, Polymarket. And it's not just Kalshi
and Polymarket. It's Kalshi, Polymarket, DraftKings, Underdog, FanDuel, and all the casinos in the world.
You may not be able to find another market for Urea.
And again, $780,000 on it, it's relevant.
I also will give them some tech credit.
While the prediction market itself might be a white label or private label,
I don't know this for a fact.
I was just told that by a credible source.
This is pretty cool.
If you're seeing this on the screen now, I've shouted them out on this previously.
But they have this part of the Chrome extension is if you Google, I just Googled, what is Urea?
You see, I get the AI overview from Gemini.
Then I get a Wikipedia link.
And right next to Wikipedia link, top of fold is the Myriad market.
So I'm logged in.
I can bet right from Google.
That was one of the things I was telling you.
If you go to YouTube, if it's still enabled,
if you go to YouTube, you should see that same.
Well, it's probably not because you used to be able to earn by watching it.
So you would see the extension would pop up
and it was like right underneath the YouTube video.
And it was like watch.
It would tell you how long you had to watch to earn whatever points.
Like the extension was really integrated into your browser.
Wasn't Jonah building something in regards to like live streaming?
Where like you can reward people or something or right
jonah's still doing that he's building live frame which is a clip in ai clip in service
and all all kinds of stuff it's really cool tech oh so it's not i thought he was because remember
didn't he talk about how like you know when we were when kaido was so big and etc etc he's like
oh yeah we're gonna build something for streaming where you can reward your your fans or something for watching and or no is that am i remembering
incorrectly i don't i don't know if he was going that route i know his creators are earning and
the clippers are earning money you know from things that they're doing right now, right now. But I'm not sure about that.
Sure.
I, I can't believe the rabbit hole I'm about to go down today.
Like I'm really interested in how in 1828, Frederick Wohler famously synthesized urea
in a lab demonstrating the organic compounds could be treated from inorganic materials, breaking the theory of vitalism and thought, hey, maybe we can take
this cow urine and it'll be a great skin moisturizer. Like I'm still perplexed by who
was the first person that decided to drink cow's milk, let alone, this is the day I learned that
people are probably in my CeraVe, you know, face lotion is some cal urine.
I did not know this until today.
I mean, if you read the ingredients in a lot of these things, you probably wouldn't want
to put them.
Oh, it's been a staple.
Per Women's Health, it's been a staple in skincare for decades.
Meet the multitasking skincare ingredients that instantly hydrates, smooths, and transforms
rough skin. All it takes is a little bit of cow urine. It is. Oh my God. It's absolutely in my
CeraVe. Oh no, it says you know about hyaluronic acid. You probably heard all about ceramides,
but there's another favorite powerhouse ingredient, Quietly, doing serious work in your favorite
moisturizers, urea. Found in everything from drugstore classics to prescription treatments,
the ingredient is a multitasker that hydrates, exfoliates,
and strengthens your skin barriers all at once.
Whether you're battling stubborn patches of dryness, keratosis,
polaris, or rough elbows and heels, chances are urea can help almost instantly.
I don't know.
I'm assuming there's a brand name Urea out there.
It really sounds like an STD, bro. Like, I don't...
I don't know what could be a more fitting sponsor for a crypto show than Cal Urine
Face Moisturizer, but I'm interested in having a discussion. If you're looking for new sponsors
or new partners, I'm interested in having a discussion. And yes, speaking of clipping things,
this isn't even cooled up in material pain. This is actually, we're talking markets here.
This is a $780,000 prediction market. I'm just doing my part talking about trending topics in
the news today. But yeah, good luck with the clips today. They should be interesting, needless to say. I'm going to read
a quote here. We're very nameless for now, but it says, talking to Myriad here, the issue is not
which chain they build on. The issue is they have no moat. They have no proprietary technology that
someone like Polymark or Akashy needs to buy or license in order to maintain their lead.
So this, like many other NFT people get involved with, it's a chase for something that others made
and they hope to milk the revenue and subsequent opportunities that are presented.
Being on BNB is just being able to tap into the Asian market and no one on BNB cares about
things being legal at this point. Again, just quoting a take in a chat.
things being legal at this point. Again, just quoting a take in a chat.
And because someone mentioned R. Kelly, I don't know how, like, that's,
he's probably a more fitting sponsor partner for Urea, but Pond would say there are no moats.
I'm trying to figure out how I can properly land this plane and do it. Actually, I do know how to properly land the plane and pivot.
Also, not lost on me.
Good callback, Diablito.
Talking about my pasty skin and smooth and like, I don't know.
I've been using CeraVe.
I'm going to go check the ingredients soon after the show.
Maybe it wasn't my sunscreen that the lady was complimenting.
Maybe it was the cow urine on my face is what's kept my pasty complexion despite being in the sun.
Very good chance that I have cow urine
to thank for my soft, pasty skin complexion.
Shallowin, please save me here.
I do have a way to tie this all together
into the next topic.
No, I appreciate it.
If you can't inject humor into this conversation,
what are we doing?
No, I think to your point, another thing that I got out of GDC from my CEO is that, you know, when you look at investors, there are a lot of investors there at GDC just to kind of probe and poke their head into the conversations over in gaming.
But it's still about user acquisition and it's about distribution. So the way to look at this is understanding that with the age of AI, products,
SaaS, all of these things are going to grow at beyond scale. The more we can comprehend,
almost similar to what you look at like Netflix or any of these other content-driven platforms,
right? There's more content, there's more all these things. But the real question is,
where is the distribution? And if they have the lock on distribution, whether it starts in Southeast
Asia, fills that moat, because obviously, there's not a lot of competition, which I get, I think
that's actually the smartest way to kind of go about it. I understand what Joey's saying that,
why would they do this? But it's actually the exact reason why you would do that is because
there's a lack of market share there that you can then grab onto and build out from. And to be fair, Southeast Asia is probably one of the most largest growing
sectors in the space. And it has one of the largest adoption levels in terms of crypto
native users. And it's growing by the minute. Again, just look at Korea and the impact and
the explosion that's happened since 324. The other thing to think about is people,
when you want to talk about investments outside of, again, AI
and even prediction markets,
it's really going to be funding user acquisition
and understanding who owns the distribution funnels in this world
to actually get it in front of their eyeballs,
get it in front of their hands in terms of mobile apps.
And to be fair too, most of the world, when we look at it in terms of usability,
is through mobile.
And Southeast Asia, for the most part, that's the only access point
to the rest of the world in terms of the internet.
So I think there's so much more opportunity here that they can cover,
that they can build.
And distribution is absolutely the key when you're flooded with AI products
that are being built every single day,
every single minute.
Yeah, I think I would agree
or double down on other markets
and hyper-niche focus carve-outs. And now, hey, if Uria becomes the next big
prediction market that people want to get action on, to the earlier point, there is no moat.
In a second, Cauchy and Polymarket can spin up the same market. So it's tough, but I think that's
how you can use it as a way to jumpstart distribution. It's a way you
can use it to jumpstart additional liquidity. And then maybe people start expanding into other
markets. Last comment on this. Zonko says, a while back, a listener recommended coconut oil
for a natural moisturizer, and I've been using it ever since. Legit best alpha I've gotten in years.
I'll pass on the cow pee. Thanks.
I would also pass on the cow pee. Please speak to a dermatologist first. I'm not a dermatologist,
not a medical advisor. I'm not a doctor. I'm not a financial advisor. Just join us for some fun,
some information, and maybe a little bit a three 90 K to a 300 K, uh, gross income a year. Um,
mayhem, maybe, maybe what we do for our luxury boutique hotel ranch in Costa Rica
is deers. I don't know if there's deers in Costa Rica, but deers and cows. And, um,
you know, we, we can almost give away give away our sweets by we monetize the ranch
with deer and cow urine. There's a business opportunity in many things, many things today
we're finding out here on Coffee with Captain. So tying this all together, landing the plane, I will say this on the Urea topic, no jokes,
like in all seriousness, what I mean by finding a niche in the non-sports markets is look at
hyperliquid. Look at, if you missed it,
Hyperliquid is now trading more oil, gold, and silver than crypto.
The HIP3 open interest surpassed $1.5 billion all-time high.
Platform is processing more volume in tokenized commodities
than pure crypto-native assets.
24-7 advantage is pulling volume from traditional exchanges.
They also trade XYZ just announced the S&P 500 can now be
longed or shorted up to 50x leverage on hyper liquid. But this is went from basically not I
mean, not on the platform, slow start. And then with the recent volatility in oil, it's become the largest
markets on hyperliquid. So while gold, oil, and silver might be slightly different than urea,
these non-sports markets, these non-crypto markets, the plural of deer is deer. Did I say deers? I think I said deer, right? I mean, I keep,
keep in mind, I'm a, I'm a, I'm a hillbilly where I have my brother from another mother,
Jesus. And I probably shouldn't say I've shot a deer in my life, but I, I, we, we ate all the
meat. The deer jerky is great. And yeah, I grew up in, in deer country. Shallow, go ahead.
Oh, bro. you're killing me.
I love it, though.
How do you not laugh?
I didn't say deers.
Apparently, I said deers.
That was a slip.
That was a slip.
I know deer is a little deer.
I never hold people to pronunciation
because I deal with people from all over the world,
and it's only fair to just give that just a sweep, right?
I just negate it entirely.
Actually, and I apologize. to just give that just a sweep, right? I just negate it entirely.
Actually, and I apologize.
The other market that people are headed towards in the hundreds of millions of dollars,
I was over at Hong Kong Consensus
and RWA was the proliferation of everything else
outside of AI.
And no, you hit the nail on the head.
When you're talking about large investors,
they don't move money, you know,
anything less than I think eight figures.
Now, obviously, there's people who do less.
But when you talk to like the whales,
the people who are moving the needle,
the market makers, RWAs in terms of commodities,
rare earth metals, yeah, and things like urea,
I think it's a huge market.
And obviously, you can see that on Marriott.
I just think it's super interesting to see
the dichotomy of these things in a way that separates like the the people like myself for like small
time and then the people who are like seven eight nine fingers into these things and absolutely rwas
is changing the whole world in terms of the dynamic and why not bet on it yep you're hedging
ultimately right you're hedging i wonder how many of those that have
action on this urea market
are urea producer
or like they're hedging their
almost using it like as not crop
insurance, but almost as a way to hedge
their core business.
I'm curious.
And I also, if we do get Faroq on next week, the very
first question I'm going to ask him is
take me through the urea launch.
Who came up with this?
Who's sitting in the boardroom one day is like, you know what we need?
You know what we're missing?
You know what the prediction markets don't have right now?
Is there's no way to bet on cow urine that you can turn into facial moisturizer.
This is what we need.
And probably three or four people in the room probably laughed at them, said you're crazy. He's like, you know what? I got the code. I is what we need. And probably three or four people in the room probably
laughed at them, said you're crazy. He's like, you know what? I got the code. I'm doing it anyways.
And then it becomes their top market. I'm kind of blown away that we found this today. It is
what it is. It's as large as it is. And I'm really curious how they got there. Speaking of prediction
markets and big raises, though,
probably a little more relevant to the rest of the world anyways, is this Cauchy raise,
I said over earlier, over $1 billion at a $22 billion valuation. Cauchy's raised more than a
billion at a $22 billion valuation, doubling its value since just last November. I suspect,
because I think the last time in November, I can't remember if Cauchy was first or Polymarket was first,
but one of them announced a big raise. And then like within 24 hours, the other one announced
a raise that was just slightly bigger. I would not be surprised if we see a Polymarket raise
in the next week. The funding highlights continued investor demand for prediction markets despite
rising legal challenges and regulatory scrutiny.
Prediction market platform CalShe has raised more than a billion in an ongoing round led by Coat Management, probably pronouncing that wrong, valuing the company at $22 billion.
According to people who are familiar with the matter, Wall Street Journal first reported the deal, citing sources who said the financing would total about $1 billion, double the startup's valuation within months.
Bloomberg later reported the round surpassed a billion, confirming that $ billion valuation, and that Coates led the role in financing. The
new valuation marks a sharp increase from that 11 billion series E that was in November. The New
York-based company operates a federally regulated exchange that allows users to trade contracts
tied to outcomes. We all know this. Annualized revenue has a run rate of about 1.5 billion.
outcomes, we all know this.
Annualized revenue has a run rate of about 1.5 billion.
So they're at 15x-ish, I don't know.
The platform serves retail traders, market makers.
Growth and institutional participation has helped drive investor interest in the latest
round.
That's interesting.
I want to dive into that at some point.
Rapid growth.
Yeah, Polymarket both explored fundraising valuations around $20 billion in recent months.
Trading volumes.
Here is the chart.
If you're looking in, you can see that last round in November.
Kaushy was doing, this is monthly volume, $5.8 billion in November.
Man, this is just wild. Thinking back to like,
they weren't even scratching the surface during that. You know what's going to be
bonkers is the 2020 presidential election. I can't even imagine like what sort of volume
we're going to see because that's kind of what kicked this whole thing off. And you can see it
doesn't go back that far, but it was a drop in the bucket to the volume they're doing now. So it went from, oh, so in November, Polymarket was
doing 4.3 billion. Cauchy was 5.8 billion. In February, Polymarket did 7.94 billion.
Cauchy did 10.44 billion. And with a, you know, 10 days to go in March, Polymarket's at 6.72, Kaushie's at 7.28.
Congratulations. You know what? Well overdue. I do have several contacts at Kaushie.
I gotta think about Polymarket. Does anyone have a contact at Polymarket? If so, let me know in the
DMs. I would like to get one, if not both of them on. I think actually I got solicited for the Polymarket badge a while back and did the pass, but would probably be overdue
to get someone on the show. I actually did cold DM Shane, the founder of Polymarket,
before they're coming, like well before the 2024 election cycle went crazy.
And one of the few people that just ignored me,
never got back to me,
but that would have been a nice get early on.
That said, the industry is certainly booming,
not going anywhere.
I just think for the startups,
Molly Market, Myriad Market,
and anyone else trying to compete with those two giants,
you got to find a niche.
You can't go toe-to-toe with them.
They're just, they're going to out-resource you.
To the earlier point, There is no moat.
If you have a, you know, if something really takes off, they're going,
you got to have some, some differentiating factor and being on chain,
I don't think is enough by itself, but find markets they don't have. Use that to, you know, to acquire customers, use that to, to get,
gain some distribution and then maybe, you know,
find a way to keep those customers sticky. Might I suggest a,
I don't know, a loyalty rewards program, some sort of user incentives. Like once you get those
Urea bettors on your site, how do you keep them? How do you get them then to do, to bet on other
markets that they maybe could also go? Because I'll say like, I used to do Polymarket and Kalshi.
Now I'm almost exclusively Kalshi, probably a miss because if there ever is a Polymarket airdrop, I'm not going to be, my volume's shifted nearly 100% over to Kalshi because they both, for all intents and purposes, they have all the same markets.
And I can use the Kalshi app here in Florida.
It's just, it's easier.
The app's snappy, it's quick, it's easy.
And I don't have a need to, you know, the right answer is probably build a bot
that's always making sure I'm getting the best price
comparing the two of them.
It's just I'm not doing enough volume
or putting enough at risk to really make that worthwhile.
Can Marriott, MeshMesh ask,
can Marriott compete with opinion slabs
who are already on BNB?
So that was the other one.
So we were talking earlier, who was the other prediction market on BNB?
Maybe.
I mean, at least in certain markets, they don't have.
And on a serious note, Uria works well.
Used it to treat, had to use it to treat a fungal infection in the abstract chat.
So the Egyptians used dung to treat wounds.
Didn't work so well for them though.
I also saw someone yesterday was using leeches
to remove microplastics.
Again, please, I'm not a doctor.
Speak to your dermatologist,
speak to your doctor before you do any of this stuff.
I'm just sharing what I see on the internet.
That's gotta be true. Right.
And now we're talking about
eating roadkill and cooking with cooking with cow urine,
all kinds of fun stuff to it is, you know, this is,
I don't know how we land on these types of conversations on Friday,
but it was almost without fail.
This is where our... My spaces go off the rails on Friday.
What is it, man?
I don't know.
It's like without fail, Friday gets...
I mean, we don't talk about cow urine on your face every Friday,
but it's usually...
It's just a free-for-all, man.
It's like whatever.
It's like, I think, just letting go for the week.
If there's no big news happening, you know, you just kind of go with the flow.
I am going to, I'm going to stick with the, I'm going to stick with the prediction market theme.
I do want to talk about shape a little bit.
We may, we may or may not get, but sorry for anyone tuned into YouTube because of the title.
My apologies.
I really wasn't trying to, wasn't trying to clickbait you with Claude Killed Open Claw.
The quick flyer over there, Claude introduced basically all the Open Claw features now.
So you don't need your Mac Mini for everyone that bought one of those.
You can still use it.
I'm sure it's still valuable.
And if you're using it all the time, you might run into rate limits and stuff.
But $20 to $200 plan, you're probably good for most people.
But yeah, Claude continues to level up their game.
is, I just saw Bunchy's tweet per, this is the first time seeing it, per,
Von Fronten tagged me in the chat. But this is where I was going, was this situation room
introduced by Polymarket. Bunchy says, actually, I mean,
it's the first time seeing it. So I'm catching this in real time. He says,
Polymarket doing what Yuga Labs never would. And this is a quote tweet of Polymarket. It says,
we're excited to announce the Situation Room by Polymarket coming to Washington, D.C.,
the world's first bar dedicated to monitoring the situation. I think it's brilliant.
Imagine a sports bar just for situation monitoring, live X feeds, flight radar, Bloomberg terminals,
Polymarket screens.
Grand opening is this Friday.
So today this opens in Washington, D.C.
The Situation Room, we'll see you all there tonight.
11 a.m. to close.
I'm sorry, 8 p.m. to close tonight.
And then over the weekend, 11 a.m. to close.
I'm not joking.
I think it's brilliant.
I think it's going to crush. So much so, I wasn't kidding. I. to close. I'm not joking. I think it's brilliant. I think it's going to crush.
So much so, I wasn't kidding.
I shot my shot.
I quote tweeted this and said,
if they're looking to scale this thing,
I would get back into franchising for this.
I would do it on the come.
I'd help them with the help of Claude.
I'd help them draft their first version
of their FDD and their ops manual
to which they'd have their high-paid attorneys
sign off on and put the finishing touches on. But I seriously, I would love to help scale this. And I hadn't even put
the thoughts together until Bunchy's tweet here. But my follow-up with, I mentioned I was talking
with some of the leadership in the DMs. I'm going to tell them, like, guys, do this, lean into this.
into this. You don't have to call it the Situation Room. It's going to be the Clubhouse.
Like, you don't have to call it the situation room. It's going to be the clubhouse. But yeah,
But yeah, this concept hits. Look at the volume that Kalshi and Polymer are doing.
Maybe, what I'm going to suggest you could do, don't front me here, reach out to Kalshi.
Form a partnership. Maybe it's, again, you can't call it the Situation Room now, but
monitor the situation powered by Kalshi at the Yuga Clubhouse.
Like this, there's something here.
I think this is going, and also if you're new here, I'm extremely bullish on experiential
retail, real live retail.
If you're in retail, you got to have, there's got to be some community element.
There has to be something that the robots can't replace.
People love community.
You know, I've talked about like the non-alcoholic bars and they're exploding in this area of
Florida.
They're everywhere.
And they're packed most of the time.
People from, you know, it's like coffee shop-esque in the morning to bars in the evening and
very vibrant crowds, very strong communities.
I think the same thing on the sports betting, the prediction market space,
like, yeah, can we all do this from our homes? Sure. But sports bars exist. Like the proof of
concept exists. You're just leveling up the sports bar. You're evolving the sports bar and bringing
in the technology. This is how you
win in retail is you take the brick and mortar, the human connection, and you layer on top of it
or you bake into it the on-chain, the internet stuff we can do at home, but allow us to do that
amongst our friends. It's a lot more fun to sweat a prediction market. It's a lot more fun to sweat a prediction market.
It's a lot more fun
to sweat March Madness outcome
in a sports bar
or with a group of friends
than it is to do so
just sitting in your office at home.
Like, I really think
they're onto something
with the situation room.
And yeah, if you happen to anyone
on either team.
So, Kalshi, if you want to,
if you want to compete and go toe to toe with them, hit me up. I would, I would work on the
cum and I don't need any salary. I would just, I would go, well, let's, let's, let's scale this
thing. It'd be fun. And it's, someone's going to do it. I could, I mean, at this point, likely it's
Polymarket that does it. I just realized I have a yesterday's hoodie still in the background.
My apologies. Good, great, great background. My bad pain. Diego. Hola again. What brought
you up this time? Hey, Cap. Thank you. No, I just was curious. I see Scotty in the audience.
Maybe if he can give us some hints about Scotty from Seat.
about ZEAT.
Scotty from ZEAT.
Oh, Scotty.
Yeah, absolutely.
You're welcome to join us.
No obligations.
But we do have a...
I know we had Pawns on not too long ago,
but we are due an update now that ZEAT is live.
And yeah, Scotty, if you want to jump up,
you're welcome.
If not, let's maybe connect to see if we can get yourself,
you and or Pawns on next week.
Also, not just ZEAT.
I sent out a post yesterday.
I'll share it now on the show.
I know we talked about the bearish bracket,
the abstract madness.
Big fan.
Like, really well done.
The site just worked great.
Looks great.
They did these March Madness, excuse me,
Abstract Madness tournaments, Abstract Madness brackets.
I don't want to get the DMCA from the NCAA.
But I said it yesterday, I'm not in the bearish ecosystem yet,
but I am a big fan of the team in the community.
Again, hat tip to the Perma Bearish Bull General.
The general who's always like usually one of the first in the Coffee with Captain audience, maybe only second to Mel down there,
and every day promoting the bearish buy of the day. Just wanted to give them some flowers.
Not only did they build these fun brackets, this fun competition. A lot of them, these were all,
I think I paid for one of these. The rest were free to get into
and could win real prizes.
But they're driving on-chain activity.
They're driving exactly what Abstract is asking,
what they want to see.
And we talked yesterday, like,
yeah, you can't reward all the NFT collections.
You can't reward people for just going
and sweeping the $1 NFT and holding
100 of them. And they end up getting more XP than, you know, someone who holds a single bearish.
But if I'm abstract, I want to be reporting, rewarding people like the general and other
ecosystems like bearish who are very clearly active. They have a very passionate community.
And then you have a team that is shipping nonstop. And they did it. So while we were critical of Abstract,
and they're still not perfect, they still have some work to do. This is the most recent post
from Sygar. This is what NFT boosts will look like in the portal in the coming weeks. Each week,
holding certain NFTs will make you eligible for a different boost percentage. The screenshot below
is just a mock-up. Projects will be eligible based off on-chain data. So I hope it's on-chain data
combined with some manual stuff. Like they don't want to just reward someone that had a ton of
data because it was a bunch of wash farming. I think they need to be a little bit selective
there. But then the screenshot, if you can see, you know, if you've got an active boost holding
bearish is 20%, you know, other communities, you're not holding, holding Ryu 5%. Like,
again, just a mock-up,
final details in place once the feature is fully in place. So stay tuned just to sneak peek. I
think it's a good move. I think it's a good move that I also saw someone say, oh, the return of
Blast jackpot is back. And while Blast didn't, you know, I guess it's still a thing. But, you know,
I guess it's still a thing.
But, you know, didn't necessarily post TGE kind of fizzled pretty quickly.
BZ and Fantasy Top and others moved off chain.
Now I think about the only thing done on Blast is you can earn some passive yield on stables.
I've already said it, Cap.
I've already seen two brands announce no creator fees anymore on on
abstract on openc and they're going to try and encourage volume and they're going to try and
they're already doing giveaways as well and these are brands i haven't seen posting quite a while
so it's like they're basically going to do that to wash farm basically yeah but we don't know what
the metrics are. I mean,
I'm literally typing a post right now trying to get feedback of what
people,
how they're going to do this,
but you know,
how are they going to keep it fair?
Is the same brand going to be able to repeat week after week,
be in the number one,
are they going to base it on different metrics?
And then if that brand qualifies,
you know,
based on the different things I'm looking at, on the different things, I'm looking at owner distribution.
I'm looking at volume.
I'm looking at floor price.
Like there's a lot of different things that they could weigh in to see who the top one is.
And then say 10 of those brands qualify.
Then is it then randomly just pick one of the 10 that qualify and hit the target that abstract sets.
How is it going to be determined?
Because if not, one community could literally just sit there and create enough volume
with agents that abstracts encourage and to get on chain.
They could create enough volume and provide liquidity and just hit that top spot every time.
So it's going to be interesting to see how they do this.
I agree. Scotty, truly no pressure today.
But we're also, I'd like to get you guys up for like a full actual full interview.
We've got to get about 15 minutes left on this Friday show.
But yeah, I would love to get you all on next week
if we can, if it works for you all.
Or if there's a better date,
if you got something, a new update or new announcement.
And we could go either angle.
We can go Z, we can go bearish.
Really overdue on the bearish front.
So maybe we double dip.
I will defer to all of you.
I also, I've been told I need to ask you
about your start in Web3.
There's a sports angle I'll enjoy.
And here you're notorious for dropping alpha.
So you're getting, I say no pressure, but you're getting pressure from the chat.
Hey, Cap, no pressure on you.
I picked up three more of your cards yesterday, bro.
So you better go hard in the pain here.
I need to pick up some more of my own cards.
I guess, a serious question.
There's no, like, we've not hit the next phase yet, right?
It's still, like, collect and trade and speculate mode?
Yeah.
Scotty's polishing his golf clubs.
Fucking Ponds is, like, reorganizing his cigar case.
Like, these guys, I don't know what they're doing um and ponds teased like some article coming on squads this week i thought uh but like you know
he's he's mia um i don't know i'm just i'm trying to bait scotty to come on stage
um yeah so no active tournaments yet.
Still collect and position yourself for when things do get kicked off.
See, I should go pick up some more of my cards.
Coolchick asked what cards.
The Z cards.
The Z creator cards are live.
We gave several away.
We had 24 gave away.
And then you could mint your packs.
You could exchange your Zed or burn your Zed for packs.
And there will be all kinds of stuff coming down the road in terms of tournaments.
And where both creators as well as holders of those cards will be able to participate.
Just they're holding the details close to chest.
I don't blame them.
But yeah, I'm excited.
I truly am really excited for what they have to come.
I am also a Zed advisor.
But so just an effort of full transparency and disclosure.
I am because I was impressed with how they were differentiating themselves
in the InfoFi space and even more so where I'm not saying the others have just closed up shop.
But to me, my perspective, albeit acknowledging my bias, they are really doing some things differently and not just crying because X nerfed the APIs.
I saw an idiot flew up here. I want to, the other thing I haven't, I put in the title on X is the
shape TGE. They did TGE yesterday. Chart doesn't look great. I don't really have a whole lot else
to add. I know there's some, there's an art piece you can mint, or if you stake.
I got to go way back in the chat here.
Dort was educating me.
You can stake some token and get to mint a piece of art.
I guess where I wanted to, yeah, it's about $400.
So you can stake, lock up 360,000 shape to meet your maximal.
It's about $400 right now.
Cool art, but it is AI and that bothersome people,
quoting Dort here.
I think this isn't fun.
I'm just commenting the token, TG did not go well.
My point is like, I don't blame any of these teams
for delaying their TG.
Tying that together earlier to the whole, you know, I was thinking Q1 would be jump-started by the Mega
E, the Abstract, the OpenSea, the MetaMask TGEs. It's just not the right time. It's tough. And
everyone who's TGE'd right now is feeling the pain of market conditions. But this is the,
I guess, my quick question, I can see if I can find it here live.
But my quick question would be, so there's been 266 of 3,141 as a supply.
266 have been claimed so far.
Is the only way to claim these as you lock the 360,000 shape?
I'm guessing there's no USD mint option. I'm guessing you got to buy the stake and then, or buy the shape, is there, I'm guessing there's no, uh, USD mint option.
I'm guessing you got to buy the stake and then, or buy the shape, excuse me. And then, and then stake it.
Um, art's not, I mean, I, I don't, I don't mind AIR personally.
Maybe we, we wrap with the doodles studio conversation.
I flew over yesterday, but I don't mind AIR.
I just, I want, my questions would be,
before I go by, spend $400 on any piece of art.
Is there anything else there?
Is it just art?
Or are they building something around the art?
It's perfectly fine to collect art you like.
I just, I'm not in the mode
of collecting $400 plus pieces of art
without any other potential utility or upside or just me, just where I'm at personally.
Speaking of the Claude killing OpenClaw, Von Fronten, who is a user, says,
Claude still relies entirely on Anthropoc products. I agree.
The only thing about OpenClaw is that I can API into anything.
I use the combo of Claude and Gemini based on use case.
That's valuable.
Can plug in many services via API instead of browser control.
Still have full access to Claude code as well.
Fair.
And also showed some pretty good images of Doodle's AI that he's having fun with.
Inidia, I see you jumped up.
Before I go to Inidia, I am going to ask the chat,
what if Polymarket does not want to partner up
and doesn't want to help scaling their prediction or sorry, their situation room,
what should we call our competing bar,
which will have some non-alcoholic drinks
and certainly we'll be baking in prediction market stuff.
We've got some suggestions.
Some said just call it the war room.
We also have, trying to get back in the chat here,
monitor, just call it one word.
That's not bad.
Prediction market pub.
I'm a fan of alliterations.
That's a good one. Get a free rect if you get liquidated, liquidated lime. That's definitely
a must. We will be, if we do this competing situation monitoring bar, we will absolutely
have some liquidated lime in there. That's a great call mayhem. Ticker tape tavern. Any other
suggestions for what we should call our competing war room? That said, an idiot. GM, what brought you up this
morning? Oh, it was just, you guys were talking about the NFT bonuses on Abstract. I was just
going to say, you know, there's a lot of potential for this to be really cool. There's some potential
for it to maybe go wrong. In the earliest days,
it was kind of spelled out a little bit. I wish I could remember by who, but the XP basically
was based on a rank order of who did the most volume. The collections that did the most volume
got the biggest piece of the overall XP that was going to go to NFTs, right? I think the problem
that they ran into is they didn't really have a cutoff.
So even though a project that didn't do a lot of volume maybe got less XP,
you could, like we discussed yesterday, you could just stack hundreds and hundreds of them,
and you still got something for each one.
I think if they make it kind of random from one week to another,
I think there's potential for people's floors to get wrecked
as people rotate from one to another,
depending on which one is at the highest percentage bonus each week.
So I don't know.
I mean, what I'm hoping, and maybe I'm wrong,
maybe there's some flaws in this theory,
but I'm hoping that they just do it kind of similarly. Like,
whatever project has the most volume, you know, gets the biggest percentage. And obviously,
there will be people that try to game that system, right? There'll be, you know, people
that try to wash trade collections that don't, you know, necessarily have any real team or
anything, but they don't have a royalty, so you can wash trade them the whole way up. Like I think it,
it kind of needs to be based off volume,
but also have the option for,
you know,
the teams to,
you know,
at the team at abstract to kind of manually make some decisions too.
If there is,
you know,
some nefarious action afoot.
That was,
that was all I was going to say.
Yeah.
Yeah.
and AI art. I don't, I don't mind AI art, but there has to be. Yeah. Oh, and AI art.
I don't mind AI art.
But there has to be a founder there too, right?
Like I got to have something to believe in here
other than just the art.
I'm not just going to buy the AI art.
There's plenty of good art
where I can support like a real artist.
But AI art doesn't put me off
as long as there's like an ecosystem
or something going on too.
Yeah, I'm the same way.
I actually kind of enjoy some AI art, especially
ones that you can just get AI
slopped. Someone just throws a single
prompt into their favorite
LLM and it's just whatever. You have
others that you can build some really cool
algorithmic AI stuff. There's just
lean into the tech.
Or build some fun mechanics
like
death and taxes. Correct me if I'm wrong, but I'm pretty sure death and taxes was one that is AI art. Or build some fun mechanics like Death and Taxes.
I believe, correct me if I'm wrong,
but I'm pretty sure Death and Taxes was one that is AI art,
but there's a lot more to it.
Normies was another one, I think.
I could be mistaking one of those,
but make it more than just the art.
Build some fun game theories, some burn mechanics,
do something with it,
and that'll catch my interest at least.
Well, even if you're going gonna do like an AI studio,
you know, there's a, I don't wanna say kid,
but I guess I'm getting to be onk mode enough,
but there's a guy probably in his early 20s,
host space, his name Burden,
and he's firing up this thing called Sword AI.
And it's kinda cool, you know,
the whole premise is, you know, it's the, the whole premise is, is,
you know, created like making a creator, like a set of creator tools for people that want to like,
kind of make their own AI anime kind of stuff. Right. So like, I don't know, I think dragging
your feet, um, on AI art for too long is just going to leave a lot of people kind of in the
past.
You know, I mean, there used to be, you know, your favorite animes used to involve hundreds of illustrators, if not thousands of people illustrating these animes.
And then, you know, people came in and started making these things in computers, not using
AI, but using, you know, a digital platform to create these things.
And then, you know, a lot of people, a lot of animators and illustrators that were, you know, hand artists got put out of work.
And I think that's going to happen again with AI here to the people who resisted too much.
But, yeah, I mean, overall, I think AI art's fine as long as there's, like, you know, a lot of creativity being put into it and whoever's doing it as a real vision.
I'm not just going to buy an AI PFP if that's the only point, though, you know?
Yeah, I'm with you, especially if it's, you know, several hundred dollars.
I need something more to capture my interest.
Teach their own. Do what you want.
But yeah, I would be, I'm looking for Burden's post
because Mayhem agrees with you.
He said he shared it.
I missed it yesterday,
but he said he shared it.
It's pretty good.
S-W-R-D-A-I.
Just give that a follow.
I'll flash it up here real quick.
And we follow each other,
but I don't know if we've ever interacted
other than in some group chat.
So I will, if anyone has a
wants to do a
I'll just DM him. We'll see if we can get him on next week
as well. Inviting anyone's
interested in the future of the industry, join our open community.
Please post below for more information.
It's just the beginning. It says, welcome to S.O.R.D.
The future of AI anime. We've created this
open community to gather pioneers of the industry. This is an invitation.
It doesn't matter if this is your first time creating
anime content. What matters is that you're early and you're willing to build. This is an invitation. It doesn't matter if this is your first time creating anime content.
What matters is that you're early and you're willing to build.
This is a team before anything else.
Original work only.
We share our workflows and evolving with you in real time.
Tracking major updates, experimenting with new tools,
and refining our prompt systems and creative workflows as we grow.
Custom tools coming soon.
The Discord is live.
Yeah, and I mean, look, it's not a shill.
I have no idea if there's any monetization to that or not.
I haven't looked super into it. I'm just aware of Bird, and he's a shill. I have no idea if there's any monetization to that or not. I haven't looked super into it.
I'm just aware of Bird, and he's a good dude.
He hosts some interesting spaces.
So, yeah.
Agreed. And what I would say is, if you're interested, if you see what most of us see here about
where AI is heading, the future of AI, and believing you need, it would benefit you to
learn more skills, to improve your skills, to enhance your skills.
You can do it solo and then ask Claude or ChadGBT or Gemini or Grok help in learning.
One of them, I think Claude, actually has a tutor mode that specifically will
act like an educator and help you learn stuff.
That said, a lot of people like it's, it's more fun to do in group and not like say a cheesy group
project, but to learn with others and have other humans that you can bounce ideas off of and,
and share your work with. Like, so especially if you're into anime, like probably a good one to
join and jump in. And even if there's nothing to monetize,
you could be learning new skills
that six months, a year down the road
could come to benefit you well.
Last one, last topic of the day,
and then we'll let everyone get out of here.
I did see this yesterday.
I joked there was a big squiggle sweep
after I mentioned it on the show
and it was looking like a snack
down in like the two fives,
maybe even sub two five. The next day it was up to 20%. Someone had swept, I think,
20 of them. I was joking, wonder if it was, and actually Steve joked, he said he was looking at
him too, talking with Claude. Claude talked him off of buying one, knowing his financial goals
wasn't the right decision. And then we joked, wondered if Claude actually talked him out of
the squiggle sweep and then went and swept him themselves.
Artblocks did introduce the Artblocks MCP server.
Any AI agent can now discover, browse, and collect from 500-plus on-chain generative projects
plus countless other possibilities.
Check out potential use cases for collectors,
artists, and researchers, and developers.
Collectors agent, find every project under 0.1,
meaning on base.
Verify my allowless eligibility for upcoming releases. Compare my holdings to top collectors on a project. Watch.1, meaning on base, verify my allowless
eligibility for upcoming releases, compare my holdings to top collectors on a project, watch a
Dutch auction and mint when it hits my price. The artist's agent, pull up a holder list and find
my super fans, three pieces collected, three or more pieces collected, see how many collectors
are configuring post params on my tokens, check mint velocity on my latest drop versus last three,
start a new project with P5JS and post params ready to go.
The researcher's agent.
Query the entire AB catalog by trait, chain, artist, and mint date.
Find every project using a specific dependency.
See what percentage of mints are happening on base versus Ethereum.
Access GraphQL for deep research traffic in the full suite for developers.
18 tools, full graph, OAuth.
Build a collector agent, a gallery curation bot,
whatever you want, a skill repo,
teaches your agent how to use these skills.
Pretty cool.
I'll pin this up top if you missed it.
I'm just going to say,
not to keep going back to the glory days,
but man, man, how fun would it have been
to have this stuff that we have today with AI
back in the NFT heyday?
That alone has me, like, not just the gains,
but it would be fun to have an actual
real second NFT season. Not saying it would be like the first, but it would be fun to
incorporate these tools from a research standpoint, from, you know, getting, you know,
it was just, it would unlock a whole new realm of opportunity.
I don't know if I'll play around with these Artblocks agents or not.
I agree, Captain.
I would personally release COVID-2 from Wuhan to have another NFP season.
I'm not saying that.
Just kidding.
Just kidding. Just kidding.
Anything outside of a global pandemic.
I did see someone say,
just everyone stay in your homes for the next two weeks.
We don't use any oils.
Let's get the...
This will get the straight reopened.
Yeah, I hope it's no global catastrophe
that ignites NFT season two,
but man, it was fun.
And man, it would be a lot of fun
with the tools and resources we have today at our disposal.
I mean, there was tools out there,
a lot of the tools back in the day,
like we were paying hundreds
if not thousands of dollars a month for collectively.
And yes, I know you're gonna pay for your AI models today,
but yeah, nothing like what we have today existed back then,
both from-
Well, even just with like Brock,
I mean, you can do so much just with Brock without, you know, paying for anything other
than a blue check mark on X that, you know, makes it a lot more fun.
You can do a lot with these, buy these PFPs and, you know, you used to just have them.
Now you can actually create with them, you know?
It would be a lot of fun.
Exactly.
You know, think about, I mean, A, from like the research, the buying, the flipping, all
the stuff I just rattled off.
And then not to mention, like, from a community building and an IP proliferation.
You know, we just were talking Doodles AI Studio.
Like, that tool, like, what does the Doodles journey look like if that existed back in 2022?
Like, maybe it doesn't change anything, but you would certainly, I think, see a lot more of cool, unique stuff on the timeline.
I think of, like, CloneX, and they had a lot of great 3D designers and 3D artists in their
community. And you saw a lot of custom art and cool stuff on the timeline. We had, you know,
Rida with, I'm drawing a blank on his company's name, OG Ape and GZON Ape founder. You know,
he's a brilliant 3D modeler.
And so he's brought Dashbow and a lot of the other cool tools to that ecosystem.
There's just so much more today
when you talk about community.
And, you know, and I know we still can do it today.
It's just the difference between like,
I don't know, 5,000 to 10,000 active participants in this world
to 500,000 active participants in this world
back in the, at the PicoTop.
Yeah, anyways, I will, I'll get off my trip down memory lane
and a little nostalgic stuff.
But in all seriousness, cool tool from Art Blocks.
Thanks for sharing, Izzy.
Appreciate everyone who joined the stage today.
As always, Shailen, appreciate you being up here.
Great to hear your voice here as of late.
Scotty, as we send you out of here,
I'd love to get you, the team, on to talk both Barish and or Zit
at some point next week if it works for you guys' schedule
or if there's a later date that makes more sense
just from a launch standpoint.
Open invite.
Jesus and an idiot, they got their space coming up
in about an hour. If you're looking for some more Web3 content, I'll be reaching out to Farouk and
see if we can get them on next week, as well as I think I'll probably follow back up with the Yuga
team. I'm going to suggest my, hey, let's go compete with Polymarket. Let's find a way to bring
situation monitoring into the clubhouse in Miami, and then let's scale that thing.
into the clubhouse in Miami.
And then let's scale that thing.
With that, it's Friday.
Go have some fun.
If you're a college basketball fan,
enjoy the tournament.
Hopefully you still have a perfect bracket.
Mine is far from perfect.
I think my best one
in those like eight bearish brackets I showed,
I think my best one is like 67% accurate.
Not great.
Probably already drawing dead there. But have
some fun. And we'll be back Monday, 8 a.m. Eastern time. If you happen to just find us this week,
thanks so much for tuning in. We do go live on this app, YouTube and X video and abstract at
8 a.m. Eastern time. We're live from 8 to 10 a.m. Eastern. Go hit our newsletter. I'd love the
YouTube sub. If you're still here,
go smash that like button and subscribe to our YouTube channel. I would also ask that you,
if you've not yet, go subscribe to our newsletter. Just go to coffeewithcaptain.com,
drop your email there. We don't spam you. You only get one email a week. It's kind of a recap
on the week. If you missed any shows, there's links to all the shows. There's our community
pool. And we will be awarding our community member of the month for March on next Friday, and then kicking off a fun new weekly giveaway to a live listener.
We'll kick that off next week as well. So thanks so much for y'all being here this week. I appreciate
it very much. It was an awesome week. It was good, both yesterday and today, a lot of participation
from the community. Those make my days and my funnest shows. While I did enjoy the interview
with Adam on Tuesday,
if you missed that,
I did pin that up top.
He went deep into all,
we asked him every OpenSea question
regarding Sea that we got.
Appreciate him meeting it head on
and taking some,
you know,
taking a few arrows for the team
and answering things
and, you things and respect.
But that's up top. As much as I enjoyed
that interview and that show, I really do
enjoy these
We Started as a Spaces Only
show. The social audio is what
drew me in, and they are some of my favorite
if not my favorite shows we have.
So I truly appreciate you all for participating today.
Whether you came up on stage or you participate in the
chat, it means a lot. It goes a long way, and it makes this very
much enjoyable. With that, hope you have a wonderful Friday and enjoy your weekends,
everyone. We'll see you Monday. Bye. Thank you.
