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NFT PFP brands & holders = not aligned on Coffee with Captain #1,052
Recorded: Dec. 15, 2025 Duration: 2:18:21Space Recording
Short Summary
In a lively discussion, participants explored the evolving landscape of NFTs and crypto, emphasizing the need for projects to prioritize community engagement, access, and utility. The conversation highlighted the importance of partnerships, innovative token launches, and the necessity for brands to listen to their holders to drive growth and maintain relevance in a competitive market.
Full Transcription
I'm surfing on the web and I'm shooting at three. We'll be right back. 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 turned.
I want to fly high in the sky.
Arms out wide, trying to soar from a bird type view.
I'm on fire, Ricky, Bobby.
Cracking the pavement, Whitney, Bobby.
I'm a sake bomb. Hiroshima Hiroshima Nagasaki Bruce Wayne been a dog
And I keep it 101 cause I'm feeling kinda spotty Sipping on Ciroc and I'm sipping out Octane
The only thing around my neck is the blockchain
Now I got coins I see where y'all going
Been popping since web 1 Hella hooked on web 2
I was living the dream Now I'm on web 3, I was livin' a dream, now I'm
on web three, and it is what it seems, top in the pyramid schemes, I'm tellin' ya, I
sell you a percentage on Nebula, shout out to Viz, yo, set it up.
NFT, Twitter, blockchain, TNM and Yoast, and we ballin' at the wrong end.
Crypto, crypto, we can make a trade, get the memo, butuse not falling for the FOMO. Listening to coffee with Cappy.
You know we were a wide day loco.
I ain't never gon' stop rapping.
Orlando, yeah, we workin' magic.
We rockin' Ethereum in a tease.
I just went and caught me a half bass.
Man, I gotta shut up the 40s.
Now I got coin.
I see where y'all goin'.
Been poppin' since Web 1.
Hella hoax on Web 2.
I was livin' the dream. Now I'm on Web 3, and it is what it seems, top in the pyramid schemes,
I'm tellin' ya, I sell you a percentage on Nebula, shout out to Vince, yo, set it up.
Breakin' the mood, the truth's mine, but it got knowledge to move, son, I'm shockin'
the shades with my brother in shoes, yeah, them blues is comin'.
Even though it's hard to pick, eeny, mighty, on the mix, no biting lips, it's time to go.
Index number one, no thumbs up, you gotta scroll.
Looking at the ghost in studio, it's time to go.
Had a helmet on by myself until I met a man that wanted to have a face off.
Had to bring my chainsaw full, take a gas in the private room, my brakes off.
I'm A1, but a different kind of steak sauce.
Welcome to Coffee with Captain, powered by ApeCoin, where we dive
into all things crypto, NFTs,
web-free, and cutting-edge technology.
Remember, nothing here
is financial advice. Early-stage
tech can be exceptionally volatile and risky.
So grab your coffee and join
Cap and Steve for today's conversation.
Welcome to the future.
Welcome to the future. GMers over there. Good morning, Machiavelli, RDL, Osiris, Beanie. Monday morning champion, December 15th, has unseated
Mel as the first fastest
GMer in the spaces chat.
I'm sure Mel will be coming for you tomorrow,
but enjoy that title while it lasts.
I'm going to, I need like 10 more
set, not even 10. I need like three more seconds.
I need to finish a post here.
My, um,
up way past my bedtime last night, and
I'm only on...
new trick. Behind the scenes. Quick
behind the scenes. I got my tea,
and then new trick. I now, instead
of having to run to go fill multiple
coffees, the
answer is simple. We're just double fisting
on Coffee with Captain now. So, I had to look.
I've got one down. I'm like one and a half coffees in not nearly enough for the lack of sleep.
However, uh, it's, it's Monday at eight. So we ride, uh, but a couple of posts I'm going to pin
up top. Um, like I said, though, I'm still a little slow until this caffeine kicks in.
So I need, uh, I need to think about my multitasking. I'm just finishing this post. Big guest, not tomorrow. This is why I literally am
typing big guest Wednesday. And because I was thinking about my coffee, I put big guest tomorrow.
We have a special co-host tomorrow. That's in the chat. I'm going to pin that up top. You're not
going to want to miss it. And same thing with our Wednesday guests. I'm super stoked. Shout out to
our guy Crocs for the assist on this one. You'll all be
smarter for being here Wednesday. So those posts both dropped in the chat. I'm going to go pick up
top here in a second. Thoughts and prayers to all those in the West. I see GreenEdge Dan in Milwaukee.
It feels like negative eight degrees. No, thank you. My mother sent me pictures of snow and said,
it's beautiful. I responded with the Jon Snow freezing in the cold. Not for me. Same thing with my brother. It's become my favorite
gift for my Midwestern friends. I hope you all stay safe. And I guess if you're enjoying the
weather, enjoy that weather. Not my journey anymore. And so much so that it's cold this
morning. Put me in a mood since it's 55 degrees. So that'll, that'll give
you an idea of where my head's at in terms of cold weather. Uh, not there. Uh, did look,
well, we got a little cold open, uh, warming up the room here this morning. Okay. So first of all,
tomorrow's cohost, it is pinned up top. I don't know. Did I hit send on this next one? Uh, Duke
had some good photo ops this weekend. I had, oh, there we go.
Big guest Wednesday.
So if you could do me a favor here as we warm things up,
go hit the reminders for our guest, our link for Wednesday.
The carousel's broken.
Can't do the carousel anymore, so I'm going to have to do old school style like this.
Yeah, I could fill up a thermos.
I have a Stanley I use.
It's just more fun to fill multiple cups.
That way I know how far I am into my day.
I know it's weird.
I'm not normal.
I embrace my...
Man, there was a line this weekend.
I had my first Venezuelan Christmas dinner or holiday dinner.
dinner incredible the ayakas the pande jamon the um pernil and ensalada de galena i think i'm
Incredible.
saying it probably not correctly but um incredible incredible incredible and then went to a festival
last night and i kid you not not one two booths were selling arepas and um i also had some cachapa joey arnett correct me on that one
that was my favorite of of the uh the festival food last night but i'm telling you i've i was
early to nfts at least the make 21 mania i'm i was early to not really early but i'm early to
well i was early to fret again not not not really early, but I'm earlier than most of my normie friends.
I'll say that.
The real music kids are, like you talked to anyone at this festival last night,
they all know that he's it right now.
He is the Michael Jordan, the LeBron James of the current DJ world,
the current music world he's taking over.
So much so that both closing acts last night
played a Fredigan song. Elderbrook closed with We Lost Dancing, his one of pandemic fame. So
even though I haven't got to a Fredigan show, I did get a little, some live Fredigan music last
night. Guy's taking over the world. I feel like even though I'm not like early, early in his journey, I'm
definitely beat all my normie friends, including Von Fronten and all the other olds out there
who don't listen to good music. But I digress. So early to Fred again, early to NFTs and early to
for gringos, early to the Venezuelan cuisine.'s my it's become my favorite i don't know if there's
everything is good also the takeaway from this is this is shocking this is going to
some people some people might not like this take
yes um how diego in the chat how impressed are you that i actually, I think, I'm pretty sure I pronounced that correctly,
the ayakas. How impressed are you that I, and if you've never had them before, if you don't speak
Spanish or enjoy your Venezuelan cuisine, I'm curious, chat, you tell me how you would spell
ayakas in the chat. I think I'm doing pretty good. My dialect is improving. Diego says,
amazing pronunciation, by the way. Thank you, sir, from my Venezuelan friend out there.
This is a great compliment. So yes, thank you for that. And my bold take that you may not like,
it not even close.
That's probably close to how I would have pronounced it based on pronunciation.
But goat, you're not even close.
So if this is what you're thinking, no, that's incorrect.
So, yeah, I'm curious.
Rest the chat.
Drop your best spelling for Ayakas.
If you're not familiar, if you know how it's spelled, don't even try.
Don't let the other gringos attempt this one.
But my bold take is raisins.
That's it.
I'm going to actually change the title until I get a better one.
Because I came in a little – I'm actually sweating.
I think I might – maybe one and a half or one and a quarter more coffees.
I might get a little spicy this morning.
I'm attempting to kind of filter myself or I'm not filtering myself.
I'm seeing if it's possible for me to filter myself on the show.
Had a conversation last week.
I might do some additional work for other brands in the space.
Obviously, anything I say here, it's not the opinions of anyone else.
They're purely my opinions.
Even if it's definitely not the opinion of Mintify or anyone else I might rock a badge for or sponsor.
They don't sign off on anything I say on this show.
It is pure, unadulterated, unfiltered cap.
That said, I'm even just, I'm trying to determine if I could, if I even want to filter myself or tone it down a little bit at a time.
I mean, if I could, if I even want to filter myself or tone it down a little bit at a time.
So we may or may not get spicy, but the title may surprise some people until I get a better one.
But raisins.
Raisins are underrated.
Underrated as a food not to eat by themselves, but underrated in the sense of cooking with raisins.
I don't want to even know if there's a raisin emoji?
Nope.
Hand raisin, but no raisins.
Anyways, the Venezuelans figured it out.
They, I don't know who originally thought, hey, we should cook with these raisins.
I am going to start.
Actually, what I'll do this holiday, I don't know how to cook that kind of stuff.
The other thing I respect from the Venezuelan cuisine is it's work.
They put hours into making this stuff.
The ayakas, the pernil, the pande jamon.
It's crazy prep work.
Literal hours into making these things and um
i'm gonna i'm gonna play around might might uh take one to the head and and what can i put raisins
in that will improve a dish yes raisins cooked inside of things not raisins just eat raisins
but make like panda jamon has raisins and it has raisins, all of things that you may not think all this sounds good together.
It's incredible.
It's like a cooked raisins.
It's a underrated little sweet.
And because it's raisins,
I can tell myself,
it's healthy.
It's healthy sweetness.
Anyways,
that's my,
that's my raisins rant.
I got a couple other rants.
I may or may not get into this morning,
but before we get too off into all Web 3 happenings,
yeah, Diego says his mom loves the raisins.
He hates the raisins.
They're very present on De Christmas Venezuelan cuisine.
Yes, I mean, the yakas, pen de jamon.
I'm trying to think what else I've had with raisins in them. Those two stand out as
incredible raisin dishes. This is a true story. I had this incredible dinner. I'm going to drop
a picture in the chat so you can get an idea of what I'm looking at if you're not familiar.
Then I had this on Saturday night. True story. Sunday morning, the very first thing I think about in my brain,
I wake up, swear on my daughter's life, wake up, the first thing that pops in my brain is,
because I knew there was some leftover pande jamon. It's like, I want some pande jamon for
breakfast. God's honest truth. Woke up the very first thing after having this Venezuelan dinner,
holiday dinner on Saturday night, Sunday morning, I wake up craving a pan de jamón.
It is incredible. I don't know what makes it. It's just really, really good. And I think maybe
part of it is most of the stuff, at least all the stuff I've had, it is mostly made from scratch.
It's just really good prepared, really well prepared.
Oh, Dobbins, I did not know this.
Says his wife is from Guadalajara.
Love the people's culture and foods.
No raisins added.
Thank God.
Don't knock the raisins until you've tried it.
Vicky says raisins are best with rum, raisin, ice cream.
I'm just trying to spell Ayakas.
It's not from Venezuela, Diego.
So I'm even more proud of myself.
Actually, shout out to Goat for making the attempt.
Osiris as well, also incorrect.
I'll give you a hint.
There is no whys in Ayakas.
I don't know about buttered raisin bread to raisin bran cereal, Serious Alpha.
I don't know what you mean by that, Osiris.
Homemade raisin oatmeal cookies are good.
I would say raisin bread maybe could be good.
But I think as a gringo, it's things like raisin bran that turned me off from raisins.
Probably raisin bread.
I do like a good oatmeal cookie, a good oatmeal cookie with raisins in it.
That's probably if I were to, but it's never hit like pande jamon.
Maybe it's hot.
I don't know if I've ever had, I'm sure I probably have at some point.
I don't vividly remember having like fresh oatmeal raisin cookies out of the oven. I don't know what it is. I know this sounds weird.
I never thought I would like raisins in everything. And now I'm going to get elevated sometime over
the holidays and just start throwing it in random dishes to see if it enhances the flavor. Joey,
GM, sir, always appreciate your Venezuelan cuisine takes. What exactly brought you up this morning?
And I know you know how to spell Iyakas, but is my pronunciation of Venezuelan cuisine getting better?
Your borderline elite gringo pronunciation status.
They might adopt you into the family.
I feel like I'm getting close to getting the honor of Venezuelan. Tag, right? Like I'm, I'm rapidly approaching.
Yeah, you're doing great. I mean, from where you started to where you are now, it's, it's,
you're doing really well with the pronunciation. I love, I love to hear it. And I love,
I love food. I'm a huge food fan. I will say the reason why, in my opinion, so I don't, I'm kind of impartial raisins.
Like when I was growing up,
I was a big fan of ants on a log.
I don't know if people know what that is,
but that's when you take a piece of celery
and you put peanut butter
and then you put raisins on top.
We would put chocolate chips, Joey.
We would put chocolate chips.
That's yeah.
I mean, I've never, honestly, I've never had that.
I will have to try that.
I've always, I always put rais i will have to try that i've
always i always put raisins like to me raisins were like a help like it was a way for your
parents to give you a healthy sweet snack were raisins and they were fine they were i was never
like excited or disappointed in them what i will say though is that raisins are typically like very sweet and to me the reason why raisins work
in pande himon is because you have the salty ham you have like the savory cheese you have the
crunchy outside of like the kind of crispy crunchy outside of the bread the soft inside like it's that whole idea of salty sweet and like the
different textures that you get because the raisins are kind of soft but then the bread is the bread
is kind of you know has that crunch on the outside so i think like when you look at raisins just
normally yeah it's some sweet snack whatever but when when you combine the different
flavors it creates this like i don't want to say umami because pandahemon is not like an umami
type of food like in japan but it's that different combination of flavors and textures that just it
works really well and the raisins and ayakas work really well too, is because typically ayakas are like a, like a pulled meat with, it's like a pulled meat with it. So again, you get like that savory sweet as well. And I think that's why they work so well. And that's, and, and you have to remember that raisins are really cheap.
really cheap and most like most venezuelan food is is like peasant food it's very inexpensive
to make so if they want to add something to the food that gives it that salty sweet contrast
adding raisins costs practically nothing i think you're you nailed it i do think it's the contrast
i think it's the combination of flavors think it's the combination of flavors.
And it's flavors that I would never expect to combine before. For instance,
Diablito nailed it. I don't even like pork. I'll eat ham. I'm not a big pork fan.
If I'm out at a restaurant and there's pork, pork steak and chicken, I'm eating steak and chicken.
And then if I go back a third time, I'm eating steak or chicken.
Like I'm just not a, I'm not one that's like, Oh, pork yummy.
I don't, I don't like, I don't like pork chops.
I don't know.
It gives me bad dreams cap like dead ass. Like if I eat pork on an empty stomach and I go to sleep, I have nightmares.
I'm not even kidding.
And I'm the guy that eats pork every morning for breakfast whether it's pork sausages or bacon or it's so funny yeah i um and i mean i would eat bacon but i just i'm not like it's not something
i seek out and all these dishes like like there's the pernil is pork. Uh, the pandemon has ham in it.
And I'm guessing it was,
I'm guessing there's pork in the yak. Cause I don't really know what's in the yak.
A yak is Joey.
It's either usually like a shredded beef or it could be a shredded pork.
It just depends.
I assumed it was shredded pork,
but I don't really know the only thing like,
and I'm not even,
I also don't like mayonnaise.
I don't like,
like,
I just,
I'm not a, I'm not a cream, like a cond't like, like, I just, I'm not a cream or a condiment person, really.
I will, I don't even eat ketchup.
I eat barbecue sauce as really my only condiment.
And even the, even the ensalada day, say this, the holiday salad.
Joey, do you know?
Which one are you talking about?
Is it Ensalada de Navidad?
No, it's Ensalada de... Let me check.
I know...
What's in it?
Hmm.
Well, while you're looking for that, Captain,
happy holidays,
but let's go through the phonetics,
the Latin phonetics.
Ensalada de Galina.
It's a Venezuelan-style potato salad
commonly served along these Christmas.
Ensalada de what?
Galina, G-A-L-L-I-N-A.
Look at that.
That was very well said, Captain.
I know exactly which salad you're talking about.
That's delicious, too.
Hey, Joey.
Hey, Joey.
Happy holidays.
Pednil.
Pednil?
Pednil.
Pednil and yuca like that but i'm just gonna take my
my yaka victory lap i got that one right correct no yuca it's yuca a yuca it's called yuca that's
how you pronounce it yuca like yuca labs no with a k with a c so y-u-c- yuca. Or it's actually Y-U-C-C-A. Look, I'm Puerto Rican. I grew up with
arroz dulce. Arroz dulce is coconut rice with raisins, but we're traumatized with the raisins
with arroz dulce because it makes it sweet on sweet. And what you said about savory sweet,
that balance is what we look for. So raisins
and arroz dulce could actually put too much sweet into the rice with coconut already and condensed
milk. So there is a bunch of recipe or ingredients in there, but yucca is the vegetable. Is that
what you ate? The vegetable captain? No, yucas. I'm near certain. How do you spell it?
How do you spell it?
H-H-A-L-L-A-C-A-S-S.
A-S-S, A-S-S.
Yeah, I'm near certain I got this one right.
At least that's, Venezuelans pronounce it that way.
Just like they, I know there's different dialect,
different pronunciations, but yeah,
the yakas starts with an h and a double l um but all all all excellent i'm a big
big fan and we'll be eating more more venezuelan cuisine pork pork is very interesting because
bednil is uh puerto rican and cuban it's from the caribbean bednil is a very puerto rican dish
we grow up with it since i'm little it's a holiday favorite
and why have you not tried coquito yet you drink do you drink it all drink they had i pretty they
had they had rum venezuelan rum maybe that was what it was they also coquito is coconut with
condensed milk and you could actually take the rum out of it if you don't drink alcohol but it's a very nice festive drink and it can be made without alcohol it's like cinnamon condense
condensed milk sweetened milk coconut milk and it's quite a rich um it's just very tasty for the
holidays and they usually put cinnamon and cloves they've kind of different ways of making it
um diego adds real panda jamón doesn't have cheese.
Only ham, olives, a little bacon
and raisins.
All I know is it's incredible.
Every way, I've had it a few times now.
I'm pretty sure you're right. I might have messed that up by saying
it had cheese in it. I'm sorry.
And Captain, your dish there,
that's a pastel.
That's a pastel.
Which you see in that square shape no it's that's it's not a pest i i know i know who made it so definitely so here's here's the
other thing i found out this weekend what's in it um good question but i'm certain it's an ayaka
um 100 certain the other thing i also learned this weekend is because they kind of look like and i'm not saying this other
people asked is that like a tamale maybe prepared kind of similar like a tamale but the one thing i
learned this weekend is absolutely never ever ever installed a venezuelan by saying they're a yaka
is similar to a tamale they're very two different things and it is something that is is just that that is like
one-on-one uh way to an installed a venezuelan ayaka is compare it to a tamale well the difference
is one is cooked in banana leaf one is cooked in corn husk they're they're like the preparation
is similar in that they're wrapped in they're wrapped in something and then steamed but like tamales are typically like yellow corn
or white corn where ayakas have that that like more orangey color um but they're cooked in banana
they're steamed in banana leaves and tamales are are steamed in corn husks yes and that's where the
the comparisons end is they're both wrapped in a leaf of some sort and steamed.
Here we go.
Diego jumped up.
Diego, last take on holiday food, Venezuelan cuisine.
Take it wherever you'd like, and then we have to get – we're nine minutes past cold open.
We've got to get into some real Web3 stuff and see if I get spicy or not.
GM, sir, appreciate you supporting my correct pronunciation of the ayakas, and take it wherever you'd like.
What am i missing
any venezuelan holiday dish that i haven't tried yet yeah i think you were talking about our
traditional drink it's called punchy crema it's something like uh babies it's like uh eggnog
something like that exactly they made exactly that's exactly what they made it was a
it was like a venezuelan version of eggnog.
It looked good.
I just don't drink.
So I didn't have any, but it looked better than eggnog.
Yeah, that is a drink that we usually drink on Christmas.
And I saw your picture that you have the Ayaka.
Your pronunciation is good for the Ayaka.
You have the ensalada the gallina it's like a
chicken salad with potatoes uh mayonnaise um i don't know how you say santa or you know in
what what's the thing that the rabbits ate raisin how do you say celery celery celery okay you have there the
pernil that it's uh pork it's amazing the pernil and panda jamon that you that you have a little
piece of panda jamon there it's amazing the venezuelan food outside Venezuela, of course,
maybe it depends where is the people who are making that ayaka
because you have several kinds of ayakas inside Venezuela
because some people use chicken inside the ayaka,
mix it with pork or beef meat.
So it's a very special dish.
And the best thing about this is people take a lot of time to do the preparation.
And you got all around the house with your family and friends,
drinking, listening to music,
and preparing all those kind of food to enjoy for the Christmas dinner.
Yes.
Very festive.
Very much into the holidays
and the great food is
incredible. My last
victory lap on being early, I've been
saying they need to scale arepas.
Venezuelan food
is underrated.
They need to have more restaurants.
And I go to this festival last night, and kid you not, first food truck,
I'm like, oh, there's all these food trucks.
I'm going to walk around.
Then I walk by La Picanha, and I'm like, nope, sold.
This is it.
They've got arepas.
They've got cachapas.
So I ended up getting a mixed grill and my first picanha cachapa and was very good.
And then as I'm eating this, I look over and then there's this masterpiece of a mozzarella
cheese.
I've never had an arepa quite like this, but mazarepas, um, two food, not one, but two
food trucks serving arepas at a festival last night.
The universe and me right now are, I don't know if this is a universe point strings.
I don't know if it's one of these things like, you've never heard of something you never see it and then once you
become aware of something you see it everywhere i'm gonna start dreaming about arepas and venezuelan
cuisine if this keeps up yeah go for it cap you're gonna love it uh it's an amazing dish
you can have it for breakfast for dinner whenever you you want to eat an araba you can do it just most most i've had
them all the above but most frequently it's been breakfast most most often it's it's been a i've
had them if i've had them i don't know 10 times eight of them have been during breakfast
sorry just a reminder here you can fill it with any salty ingredients okay just don't use arepa with something sweet because that's like
a scene for a venezuelan okay okay so if you're on go like what cachapas or something else no no No, no, no. I mean, the arepas, you can fill it with cheese, with chicken, ground meat, whatever you like.
It's salty, okay? But don't use anything like sweet, like jam or Nutella or something like that.
Arepas are meant to be salty, okay?
are meant to be salty okay my uh my favorite way to eat an arepa is actually like nice and hot with
the cold chicken salad on it the that contrast of like the hot arepa with the cold chicken salad
that you have on your plate that's my favorite salad it's called it uh and then also you should request somebody make you asado negro.
That's my, my, my former mother-in-law would make that for me when she would come.
It is my absolute favorite Venezuelan like meat bitch.
Asado negro is like mind blowing.
Yeah.
Now I'm hungry, man.
Oh my God.
You're making everyone hungry, Captain.
And we're all, some of us are Latinos. So we're like, oh my God, we making everyone hungry captain and we're all some of us
are latinos so we're like oh my god we've got to call our mother and our abuelas and make sure
they've got enough food for us because pernil carne asada jamon like aquafujas all of this like
this whole like caribbean like spanish like afro-caribbean it's all that food is super tasty because we're all
about the flavors we're all about the flavor profile and the spices whenever you have one
of these dishes you will never ever be short on an explosion in your mouth agreed because
amazing i'm not sure if evil knievel is dork's alt account he says wait until cap discovers
peruvian food is even better than venezuelan taking shot at the myself and diego on stage here and then dork follows it up with wait until cap
discovers i don't know if he's just copyposting because he's a fan of the peruvian food or if
evil knievel is dork's alt account but um i'm not i'm not i'm not gonna say anything negatively
towards peruvian food but as of now it's if's, if I had to, like my last, my last meal
would 100% have Panda Jamon. And it's like my final meal, if I'm on, hopefully it's never on
death row. But if I ever, I also watched the staircase recently. And I don't know if that's
not to go down that rabbit hole. We're out of cold open. I can't even go there today,
but nor do I have any stairs in my house, so no worries there.
If I ever, my final meal, would you say that?
My final meal, if I get to choose my final meal because I'm whatever, it's over.
It would, right now, it would be a Cuban colada for sure and some pan de jamon.
Probably more Venezuelan cuisine, but it is leapfrogged all other cuisines.
Diego, one more take and then we got to get into some actual crypto talk this morning.
No, no, man.
I'm fine.
I'm really glad that you are enjoying the Venezuelan food.
The people that mentioned to you about the Peruvian food, you also have to try it.
It's very delicious because they have a lot of um how do you say that the japanese
people that migrated to peru and before after the second world war they did a great job there
did a great job there mixing the japanese food with the peruvian one um that's why they are
called some of the best kitchen in the world the peruvian food so you have to try because my friend
i hope you're okay um wish you a very merry christmas in advance thank Diego, where in Venezuela are you?
No, no.
I'm from Venezuela, from Caracas,
but I'm living in Spain, in Barcelona.
Cool. I spent some time in Caracas
years ago. It's such a beautiful
city. Yeah, I need to
go back. Hopefully
in the coming
months, something's going to happen there.
Maybe we come back um i'm just catching up on the war room it's not this morning you lost me you got me all um
i i haven't even caught up yet um von brettan says do you know do you know it's only why it's not even that funny but it made me
like you just saw me lol in real time as i'm trying to catch up with the chat
uh he says cap do you know they're just dry grapes um
i think what I think white people have known about Latin for a while.
Cap is a multi-year Tampa resident that just recently discovered St. Pete.
The other thing I'm going to bullpost on today is the St. Pete Pier.
Our pier is better than your pier.
Yes, I'm calling it our pier.
Having lived here for less than six months, I'm staking claim to the greatest
pier in the Southern Hemisphere. I don't even know which hemisphere we're at. That's bad.
Anyways, great time last night. I don't have more cold open. I'm out of cold open minutes.
We're too far out of cold open minutes, but maybe another day we'll talk about festivals. Actually, I do have – I do have – I do have – sorry.
This is why I don't open the war room.
I can keep up with – I can keep up with abstract chat.
I can keep up with YouTube chat.
You guys, I can't – I'm just going to have to respectfully decline
any engagement in the war room chat
for the duration of the show.
But I do have one other
quick, really brief,
really brief, cold open topic.
Only because I've been to
a lot of concerts.
I've been to a lot of festivals,
a lot of fairs.
And last night,
I saw maybe the single greatest festival prop of all time.
I'm just going to put it up top. It needs really no explanation. It was just incredible.
Just posted in the chat one second here. I'll pull it up top or on the screen.
This young lad was rolling around, not solo. It was him and his baby, we'll say.
And it was maybe, not maybe, it was the best.
If you've ever been to a concert, more so like festival, I guess
like, people will, they get really into
it's just a very eclectic
bunch is the best way to describe it
you know, so from what they wear, their
outfits, their costumes, their props
oftentimes she's like, they'll be like spinny
things, or they'll have flags
you know, like the GM post this morning was
I love hot dads
uh was one of the flags which i'm not saying i'm a hot dad but i know there's hot dads in here
since i said if you like hot dads you are totally a dill cap stop it um this though this guy rocking
around with a baby uh newborn no less uh not just walking around doing limbo with a baby and the the best part of
this because it obviously wasn't a real baby it was a not only was it a fake baby this thing
first of all he's at a concert he's dancing around just smiling the whole time happy-go-lucky guy
and the favorite like i'm i'm i enjoy people watching and there's probably
like people watching at a festival is like all time like i don't know if there's a better place
to people watch on the planet the best part about people watching this guy not was he just having
fun and enjoying himself and having a great night about every three or four minutes someone would
walk by not realizing it's a fake baby and give this guy the dirtiest look you could possibly imagine.
Like absolutely disgusted with this guy for having a baby at a concert.
Like. It was it kept happening, like people walk by like really mad, like I think some people were ready to say something to the guy and then they get up close and realize it's just a prop.
But not only was it just a prop,
this baby, and I should have got a better picture of it.
Yeah, I don't have a good picture.
You see, it's wearing a hat similar to his bucket hat.
He would pull off the hat and there was a,
there was like a straw and the whole baby was a flask.
So not only was he having the best prop of all time,
it was his way to sneak booze into the concert.
So yeah,
all time.
Did it look like the hangover baby with the,
with the,
with the hat on?
I mean,
kind of,
I mean,
I thought that might've been what he was going for.
I just,
it was,
this was like,
I've seen people do like the pedro and like
i've seen that before this was this was all time like it looked like a real baby and he was like
swatting it like a baby and like he just said he wasn't he didn't just have like a you know baby
bjorn or something on his chest and you could see it was fake he had the hat on it and it was
basically matched his outfit and people literally were disgusted thinking this guy had a real baby, not realizing it was his it was his booze.
But, yeah, I had a good time last night.
Might lose the voice before we get too far into the show because way up past my bedtime.
And yes, boo cackles are are you appreciate your offer to clip.
Let's see if we can let's see if we can go viral in the YouTube cooking streets.
Maybe that's our – maybe this is it.
So perfect segue, actually.
Thank you for that, Boo, because –
I'm sorry.
I promise we're going to get out of cold open.
You all, this is all your fault.
It's not me.
It's you.
I can't, how am I supposed to move forward when Zane is posting singers like this in the chat?
He says, no one caught Captain after eating one Latin dish.
And it is, if you're not looking at video, it is my profile, my ex profile.
is if you're not looking at video it is my profile my ex profile but instead of
my ape and my coffee with captain banner it is my profile pic has been changed to
the uh the fine holiday dish i just had and same thing with the twitter banner zane you're a legend
um once again lost my train of thought no idea where i'm going but i promise we're going to get
into real some real some real talk here and here. And there was actually a lot happening over the weekend.
Solana breakpoint announcements.
I'm taking a deep breath.
I'm pausing because I am genuinely still at this point 50-50 where I take this conversation.
I will be honest.
I will be authentic.
I'm just debating how hard I go because I know inevitably some of what I say would be taken out of context.
Oftentimes I will use examples, things I'm familiar with, and then people, oh, he's fighting 2D Good Vibes Club.
I'm not
funding anyone.
I think we're
entitled to have a conversation
about the current state of markets, the current state of
NFTs, which are
holy moly.
I don't know another way to put it like it is full-on capitulation
moment for nfts not across the board not all of them but we've had dips we've had sell-offs
maybe that's a good title but it is that time of year though cap right if people are gonna
like sell they're gonna sell now for tax off harvesting. And like, there could be not financial advice,
but there could be an opportunity on some of these collections that have
like falling for prices to maybe get in.
And then in January,
when these people want to get back in,
make a little bit of money.
All right.
Good Time to Buy? That's the title. I don't know.
Good time to buy.
That's,
that's the title.
I don't know.
So the challenge with that, you could be right. I hope you're right.
Let's go not on the, oh, well, actually I should look at the one day because apes are actually, they bounce a little bit.
Up 5.7% on the day to 4.75.
Pudgy Penguins over the weekend announced they're going to be on the sphere in Vegas.
Over from Christmas to New Year's.
Every 30 minutes they'll play a 60 second ad.
That's pretty awesome.
Their floor price responded up big.
No, it's down 6.7%.
Little Pudgy's down 2.5%.
I'm not taking a shot at Pudgy's.
I'm simply sharing data following a major announcement.
Moonbirds announced Burb at Breakpoint Solana.
Naturally, you'd expect their floor price to probably 2 or 3x here,
knowing that that's coming in Q1.
Nope, it did run a little bit, but they're back down 10% on the day,
10, almost 11% on the day.
They fell to a 1.1 cap.
And then after the announcement,
they rose to 0.1.
I really appreciate you joining today,
but I got to ask you to go hands.
I can't,
you throw me off every time.
You just got to stick with hands.
Like Steve can interject as the co-host.
We actually do have a special co-host tomorrow joining us.
Go hit that reminder up top.
You have it,
but I just,
I love you being up on stage,
but I got you.
It's,
I don't,
I know you don't,
I know you mean good, but it's a distraction to me and it's, it's not like Steve
and I could do it because we did a hundred shows, a thousand shows together and it's, it was just,
I don't even know how to explain it. It's just, it was real. I'm not Steve. I get it.
Just, I gotta ask you. You're welcome to be on stage anytime you'd like. I just, I gotta,
I gotta ask you to use your hands because it throws me off and I
lost my train of thought.
I don't have enough caffeine in me yet.
It's me, not you, Machabelli. I'm not that
talented.
It's also
not lost on me that as soon as I start dunking on NFT
floor prices, Oxy flies up on stage.
Oxy, the NFT bull,
he's here to save all our NFT bags. Oxy, I'm sure that's why he came up on stage oxy the nft bull uh he's here to save all our nft bags oxy i'm sure
that's why he came up on stage right all right man you know as soon as i hear nfts you know i
gotta come up and bull post them no yeah i know it's a it's a tough spot man it's a really tough
spot um the value accrual just people aren't aren't seeing value accrual back to NFTs.
They're just not seeing it.
And you said it perfectly, really, when talking on the timeline.
Was that Friday or maybe Saturday?
It's just not, I don't know, they're just not aligned.
It's like NFT floor price, holders, and projects just aren't aligned.
They're not.
That's the problem.
They're just not aligned.
Like, I understand wholeheartedly.
Am I choppy?
My video just locked up on me.
So if I lose audio of someone on stage, let me know.
Here exactly my consummate professional pain in the producer seat. Don't forget the pool segment.
This is the next thing I'm going to share. This is actually exactly where I was going.
Not just because Payne said this, because this is...
First of all, if you haven't subscribed to our newsletter, go do that.
We, Payne spit, I also gave him a shout out.
He deserves the kudos on stage as well.
I sent it out last week or Friday, I believe, maybe Saturday.
I've been very fortunate to work with some incredible leaders in my life.
I've built a couple of businesses and I believe the reason that most of them were successful
is because it wasn't, I mean, maybe I had a little bit to do with it, but if I could take
any credit, it's just, I was a overpaid glorified talent scout. I was always recruiting everywhere
I went. Someone wowed me if I was buying food, if I was out at a restaurant.
Actually, I would often go, when I went to a restaurant and I was in recruiting mode, I would go in and I'd ask the hostess to seat me in their best server section.
They all knew who hustled the most, who was their best server, who made the most tips.
They'd sit me in their best server section. I'd ask, hey, after building some rapport, I'd simply ask them, hey, you haven't been keeping your options open or you see yourself working here for the next 20 years?
Nine times out of 10, they'd always be keeping their options open and usually do a good hire.
If I'm shopping in the mall and someone greets me in a timely manner and they look me in the eye and they make eye contact, they use my name, like, they get it.
So I was a good talent scout, and I was very fortunate to have people around me that were – would just do things.
Without being told, they were just – they'd take initiative.
They were leaders.
Pings at near the top of a short list. People would just do things without being told. They're just, they take initiative. They were leaders. Pings at near the top of the short list. People would just do things. I didn't say,
hey man, we need to revise our newsletter. He just did it. It's better. So give him some love.
Go subscribe to the newsletter. Take the poll that's in there if you haven't yet.
I really truly am curious to hear results because it does support this conversation.
does support this conversation.
Relatively small sample size, maybe.
Here is, now I gotta figure out how to share.
I may have to pin this in the, oh, here we go.
Here's the early results on what will bring
the next 5 million people into digital collectibles.
Cheaper floor price, zero respondents, zero.
So for all you thinking,
oh, you know what we need to do now
in the year 2025, head into 2026?
We should drop a secondary collection
for lower price point ease of access.
We should drop a brand coin or a meme token
so people can get in for 30 cents.
No, dilution and cheaper price points is not going to bring a single person to this space.
They don't care. All you're going to do is dilute your existing holders, your existing supporters,
your current collections. You can spin it however you want. Show me a primary collection that isn't down following their secondary collection launching.
And I'm not talking back in the mania days.
I'm talking recently.
No one wants this.
No one's asking for secondary collections, third collections, fourth collections.
No one's asking for cheaper price points.
The floor is going to zero on a lot of these. We need less NFT,
PFP collections, not more. We need less digital collectibles, not more.
Fund and identity, 13%. You can say all you want that people are coming to buy these
assets for digital identity. I don't see it. In fact, I see people changing,
going away from their digital identity
than I see more people coming towards identity
as far as on the digital front.
I see numerous, numerous, like dozens,
maybe hundreds of OGs that used to be proudly rocked
their NFT, PFP as digital identity
and it went to other stuff,
whether it's the real face or art or...
No one is coming in to buy NFTs.
No one's coming to buy digital collectibles
because they need some new digital identity.
There's not.
So, I mean, maybe some people want that.
I shouldn't say no one 13% better UX and onboarding
20%. Okay. Fair. Overwhelming. Number one response, real perks and access. Okay.
Utility NFTs. Makes sense.
Utility NFTs makes sense.
Now, candidly, really ask yourself,
what of the leading NFT PFP brands are delivering real perks and access?
Real perks and access.
We can talk about apes and mutants.
You get access to ApeFest once a a year it's a real perk it's real
access may or may not for lifetime access to that may or may not support the floor price i don't
know that could be you can have a debate or conversation around that but they do have
there's some real perks and access there there's a clubhouse coming you'll have real access to the
clubhouse or perks i guess it'll be public so anyone can get access,
but you'll have real perks, allegedly.
I'm going to say ApeFest and
the clubhouse, I'm guessing, I don't know, I'm guessing it's probably
maybe 10 to 20% of what Yuga
prioritizes and focuses.
Seemingly from someone in adjacent to the ecosystem,
the focus is on other side and ApeCoin slash ApeChain.
I get it.
I understand why.
Sorry, jumping back and forth here. Payne, I agree with you. I think saying it's tax loss harvesting, that's cool.
It's like this sell-off. Maybe some people, that's not what leads.
I also think that people blaming OpenSea for switching USD pricing during a few days.
I get the feedback. It's fair. They heard it. Shout out to them. Let's give credit where credit's due. They listened and they communicated. I'd love to see some NFT PFP brands listening and communicating like OpenSea is right now. Am I a fan of their reward system? It's not my favorite. I don't think incentivized trading is good for NFT collections. We've seen this before.
I get why they're doing what they're doing.
I'm not saying they shouldn't.
I'm just saying I think it hurts more than it helps if you're talking floor price.
Because whether you like it or not, there are people who are buying and then selling those into wheat bids for points.
I don't think it's nearly as bad.
I know it's on Blur's level or it's as bad or worse than Blur.
I don't think that's the case.
The incentives are better than incentivized bidding.
But I don't love it.
I'm not actively farming it.
But I respect them listening and communicating.
They're working on their UI.
They're working on onboarding.
When it comes to real perks and access,
is it OpenSea's role? Not really but like there's a world where they do
as much if not more than a lot of the nft pfp brands I'm not even joking I just got a bubbles
claim because of my open sea voyages think about that an n NFT marketplace gave me more perks in the form of, in this case, an X-copy NFT than have 90% of the NFT brands in 2025.
So I understand that NFT brands need to build real businesses. I understand they need to drive profitable revenue. I get that.
I understand they need to drive profitable revenue. I get that.
I also, at the same time, can think that most of them are out of touch with what their holder base really wants.
I see a lot of NFT, oh, this is art. Well, that's fine, but that's not what a lot of people signed up for.
That's not what a lot of people bought into your collection and supported you with the IP you're building.
I'm going to,
I'm going to take a beat.
Let's get Oxy and then we'll go back to Joey.
Oxy,
take whichever direction you like.
I just,
this,
this pool was not,
again,
maybe it's a small sample size,
go help us out and go.
If you haven't yet subbed from the newsletter,
go do that.
Go complete the pool.
I'm curious to see where this thing ends up at but i'm i think it'll probably i think we can
100x the amount of respondents my take my guess is it's going to be almost the same percentages
as now go ahead oxy yeah 100 so i i guess i don't really understand why a lot of these nft projects
aren't trying to partner with different d5 protocols as well for on-chain utility.
My question is-
Yeah, it just, it really doesn't make sense to me.
Like, obviously there's like the IRL events and the, you know, Web2 activations where
you can use NFTs and blockchain to verify ownership, all that stuff.
But like, if, okay, so a lot of these protocols will launch TGEs and they will,
you know, distribute a ton of tokens to these NFT protocols, at least I used to,
because they're like, okay, these are real users that are on the blockchain, you know, whatever,
let's, let's reward them. And then there'll be our active users that'll come to the, to the protocol.
Like why not, instead of having to distribute some of your tokens obviously you might lose out
on some revenue but make their transactions cheaper like like if i'm holding a an ape in
my wallet or my warm wallet or my or or not warm my warm wallet and then the adjacent cold wallet
or what have you then maybe my my transaction fees are cheaper on Hyperliquid or whatever protocol decides to partner with an ecosystem that has real users that are
active on the timeline that are going to be talking about this kind of a thing.
Can I interject real quick?
I like where you're going.
Sorry for interjecting.
I want you to keep cooking here.
And then when Oxy's done, Joey, go ahead and get in here.
I'm going to run and I need the fourth coffee this morning.
Because I'm going to go get a fourth coffee.
I'm going to take off my hoodie, and we might get a little spicy this morning.
Not spicy.
It's just I care.
I'm passionate about this.
And I see time and time again, by the way, speaking of brands fumbling,
you know, stubbing their toe against the wall, I'd be remiss.
you know, stubbing their toe against the wall.
I'd be remiss.
Got to get it in here real quick.
Got to get it in here real quick.
What the hell is Jesse doing promoting the 18th,
probably actually 69th soldier boy rug?
It's disgusting.
I'm glad OpenSea is hiring a comms lead.
They need it desperately because Jesse doesn't know
what the hell he's doing on the timeline
or he's insanely out of touch.
Sorry, I had to get that out.
Let's get back to this MNIT conversation. My question for you though, Oxy, is what's in it for Hyperliquid? Why would Hyperliquid
give Ape holders or Pudgy holders? Why would they dilute their revenue and their profits for
holders in an NFT collection? How do we make that happen? I'm going to listen. I'm really curious
to respond. I'm just going to mute my video. I'll be right back. Go ahead and continue your thought. I am curious. How do we solve that? Why would Hyperliquid want to do that for any of these others? And then if I'm not back, Joey, go ahead and take it after that.
probably a bad example it's more so these pre-tge products that need to onboard users either like
yeah they need to onboard users either either from a marketing perspective like instead of
going the info fire route and in distributing to and i know like some some have tried to do this
some info five products have tried to do this and so i've gone the info fire out instead of just distributing to to nft collections after
the fact like without any lead up or you know marketing assist or anything like that like
provide some real utility that there's something to talk about like there were there were so many
nft collections that got airdrops back in was that early 2025 or maybe 2024 and in like no
one had to talk about it the projects like maybe
tweeted about it the day of that the air drop was distributed but like there was no there was no um
like marketing connection or incentive there on the timeline but then there's also no incentive
for the the nft holders to actually go use the product.
Ultimately, at the end of the day for these DeFi products, they want users to be on their platform so they can go to a VC and be like, yo, we need to raise a little bit more capital or we're going have a ton of users that we know there's a ton of good Yuga holders or there's a ton of Pudgy Penguins holders
that are active on chain.
And we gave them a little bit of an incentive, maybe it's just for pre-TGE and then leading
into it, there's the point system or whatever that helps incentivize on top of that.
Like one, it helps the NFT project because there's real utility there. It
helps the DeFi project because there's getting real users. They might lose out on a little bit
of revenue, but in reality, their transaction fees associated with some of these pre-TGE
products is so small anyway. That's not even really the point. The point is to get active users.
Anyway, that's not even really the point.
The point is to get active users.
Like there's a, there's a, I feel like there's a win-win situation there for both the NFT
project that has real people.
And then the DeFi product that is just looking to get more users on their platform and marketing
on the timeline because people are going to be talking about it and what have you.
But I don't know why that, like why there wouldn't be a connection there.
Maybe it's just the DeFi product doesn't see the value in the NFT community because they're not active on chain enough or something.
Maybe there's information there. I don't know.
And data there. I don't know.
But it just feels like a no brainer.
Do you think the NFT PPP brands are even trying?
I don't know.
No, no. I think that's a huge issue, too.
It's like Yuga isn't approaching all the mega ETH DeFi products that are pre-TGE.
They don't even have a product out there yet.
Being like, yo, look, we've got X amount of users in our Discord daily.
We have an X amount of people on the timeline.
We have this many people on Ape Chain that are actually trying to like learn DeFi and do these different, use these different products.
Let us get in and let us, you know, we'll help you out.
We'll talk about it on the timeline.
Like, let's, let's partner on this and we can make your tge event like once mega youth goes live
live we'll hit it hard like our people will hit it hard because of whatever but they're not doing
that i i will defend the ape code team the ape chain team is doing this the ape team is okay
for for for they've the only thing though that nft pfp holders got was perks during
their info fight campaign and this is the disconnect is yes like and it's not this is not a yuga thing
i i'm wearing my yuga shirt i i am a yuga bowl i'm not selling this thing it's funny because
i made a conscious decision when it crossed the first time when the floor
price cost crossed USD valuation of $10,000. I made a decision that I'm not going to sell this
thing. I'm not going to try to time the market. I'm going to hold this for 10 years and then I'll
reevaluate the PFP. Sold a couple, traded one, sold one. And this one,
I was like, I'm not selling this. It went across 10K. I thought about it then. And I was like,
you know what? And it was a very wise decision not to sell a run up from $200 to 10K because
it resulted in several hundred thousand dollars of
perks,
utilities and,
and other financial gain,
not even selling it for higher amounts,
but the airdrops and the perks and utility that came along with it,
the relationships,
et cetera,
et cetera,
et cetera.
so I have seen the DeFi team at Ape do some things,
working with other chains,
doing some stuff,
and they got the perks on the,
the AmpoFi side. I think that's probably more than most.
And again, not even as far as connecting that value accrual back to the
NFT PFPs, kind of fell short. But they did more than most.
I remember Pudgy did something with DYDX, I think,
and they got an airdrop. I'm not in that ecosystem
with an NFT. I don't know if other,
were there other perks in that ecosystem?
I don't know.
But to your point,
I don't think many are even attempting.
I don't think,
I have to name names,
otherwise it's just vague
and it's better content.
If I say names,
it's not an attack on anyone.
I don't think I'm just the one.
I see someone mentioned Chippers.
Chippers is doing some cool stuff.
They had early access to Monad.
Okay, cool.
Did they get any perks on Monad now?
This isn't a shot at Chippers.
Doodles just launched a PFP collection that no one asked for cheaper price points.
13% asked for fun and additional identity.
The real perks and access they did, by the way,
if you missed your claim, you have an OG,
I think you can still go claim one.
But the overarching point is I think
there is a massive disalignment
with most NFT PFP brands
and what their holders and supporters want
from the said PFP brand.
And you can call us whiny or that's not what we're here for.
We're an art collection. This was by accident.
We're not. You can make all the excuses you want.
Or you can do what most successful companies
do and
listen to their customers. That's what we've become. We've their customers.
That's what we've become.
We've become customers.
So you can deliver what they want
or you can be,
also you can be an amigo
and you can take the Steve Jobs approach
and pretend you're Apple
and be like, oh, the customer doesn't,
our customers don't know what they want.
We're going to show them.
Good luck because there's no one here
that's Steve Jobs.
Half of you can't even communicate
you know on it on an entry level let alone the best one of the best orders of our time
you're not Steve Jobs you don't have a reality distortion field around you some of you might
have had that during the mania not anymore so you can say what you like. And unfortunately, I think some of them want that. I think some of them want the.
Thousands of people who came in during the mania.
A lot of them spurred, came in for perks and access utility.
And they're still here.
If you don't want to deliver utility and perks and access anymore, you don't have to. If you want to drive your ardent supporters have been supporting your brand
and bullpacing your brand for the last three, four years,
you don't have to do what they want or you don't have to deliver what they're
asking for.
And I'm not saying this is also, this is not the end all be all pool.
I'm not here for cheaper price points.
I'm not here for fun and identity.
I'm not, the UX and onboarding I'm not here for fun and identity. I'm not.
The UX and onboarding is fine.
We've come a long way.
Community is important.
It matters.
It can't just be a buzzword.
If you want your community to build on your behalf
and help proliferate your IP,
it's got to be a two-way relationship.
Or at some point, they're just going to move on because there's, what's in it for them?
Seriously.
You say, oh, well, over the next decade, this is like our rookie card and the value is going to go up.
okay, how many people here you think are thinking with decade-long timelines right now?
Okay. How many people here you think are thinking with decade-long timelines right now?
We can go to Hyperliquid and open a PERP account and either go to zero or 100 extra bag in minutes.
Not minutes, but you know what I mean.
Sorry, Oxy, I think I cut you off. Go ahead and get back in here.
Also, by the way, I'm not joking.
When I say I was ready to lean into the spice a little bit this morning, I wasn't sure.
I did. It's official. We're not holding back now because
the sriracha honey has made its way into the coffee.
If you want to know how weird I am, not even though I am a Venezuelan cuisine fan,
I will take honey with my black coffee. On days like
today, we go the tapenero sriracha honey in the coffee.
So buckle up. It's going to be a fun one. Oxy, go ahead.
Yeah. And maybe like speaking to that InfoFi side, and this is why InfoFi as it currently
stands is failing. We don't have to get into the whole conversation yet. But like Twitter,
like ICO has been talking about this a lot too, but ultimately Twitter noise doesn't correspond or doesn't translate into active users.
And like getting, obviously getting info by leader, you know, leaderboard priority or multipliers or what have you is a great utility in the current meta because you can get paid for just tweeting about things.
paid for just tweeting about things. But that's not, at the end of the day, that's not what the,
it might be what the, if a short-term product project team might want, because if it's a,
you know, if they're not looking to build long-term or whatever it might be, they might
want that noise early on. But if you're like a real product that's trying to build for the long
term, you need more than just noise on the timeline. You need actual users that will stick with your product
long after TGE because it's a good product. I mean, I still use Meteora after TGE because
it's a good product. Same with Hyperliquid. A lot of these products are good, so it's sticky.
But I mean, I completely agree with you. I just don't understand. I just don't understand it.
Why NFT projects aren't trying to align themselves with these real products that people are actually using or wanting to use and then providing some utility on both sides, both for the DeFi and for the holders.
I guess it feels like we've kind of lost, and maybe it's just NFT projects, it's probably
not, but just being an NFT critic, it feels like we've kind of lost the ethos of crypto
when it comes to what we're trying to give as utility.
Like, obviously I understand all the things that,
you know, in real life events and community,
I understand that side of things.
But when was like the last time outside of maybe other side
that there was like an on-chain activation
or on-chain utility that was really worth anything?
Like, there's just nothing on-chain anymore that's really worth anything. There's just nothing on-chain anymore
that's of value, I feel like.
I'd love someone to give me some examples
because I'm probably just blanking on some of them,
but what are we doing?
There's nothing on-chain anymore.
on-chain anymore it's just weird
It's just weird.
i i i'm i'm sorry because i i'm trying to think like and i think you're specifically saying like
on-chain utility for specifically for an nft pfp collection or brand or holder base is that accurate
or yeah no exactly that's exactly what and like i know we're talking about on-chain reputation
we're talking about on-chain activity. We're talking about on-chain activity.
We're talking about all these different metrics that we're,
that we want to use down the line.
And there's just a misalignment to where it feels like these NFT
communities could really capture and projects could really capture some of
this meta swing where it's like, okay, you know what?
They're holding our, they're, you know, they're rocking our PFP or whatever.
Let's, let's go talk to Ethos and be like, yo, look, you know, help.
We'll, we'll bring some users over to start using your platform to try and like,
you know, start actively like measuring people's reputation on chain.
Let's wait, let's wait the base fees for for our pfps or or
something like that like there's so many different projects and products being built right now where
i feel like yuga could could approach them and just be like yo look there's like a there's a
really cool meta swinging here we want to get our people involved what can we do for each other
and like it just feels like they just don't either don't care or like
aren't tapped in enough like that was another thing that i was talking about last week was like
these it feels like a lot of nft projects and founders aren't tapped into anything outside of
nft the nft ecosystem and maybe it's like maybe there's like just a lack of time to be able to
learn all the different things that are being built and stuff, but it just feels like they pigeonholed themselves.
Okay, NFTs, what can we do?
Oh, we can sell more merch or, oh, we can do this IRL activation or we can go to this
event or something like that.
But there's this whole other side where it feels like people are just ignoring it, especially
NFT projects, just because we're talking about it.
But I don't know.
I feel like there's a huge missed opportunity there where it could benefit both sides of the equation.
Yeah, I think that sums it up well.
It's like last cycle during the mania, not only NFTs weren't just the meta, the NFT brands were leading the meta.
They were doing the new things.
They were experimenting on chain. And when something new took off, they leaned into it. They reached out,
they collaborated, they partnered, they found a way to get access and perks and utility for
their holder base. And I don't know, like I saw some people blame the blame the VCs.
I don't, I don't, I think that's COPE as well. Are there some
VCs that are calling the shots now?
Maybe. I really don't think
so. I think most
I think most have probably already
written down their books
or they've already gotten the data that they wanted
and I don't think written down their books or they've already gotten the data that they wanted.
And I don't think there's, I think there's probably very few
VCs that are calling shots for NFT PFP brands.
Open to being wrong there. I just don't think that's the current reason why
these NFT PFP brands
aren't doing
what you just described.
Maybe so.
I just,
I wouldn't know for sure.
I just don't think that's the case.
it's hard.
I'm not saying this is easy.
I'm just saying it seems very obvious to me,
especially after some conversations and back and forth this week and with some NFT founders that the founders are going one way and doing what they think is the best for their business.
And I'm sure some are doing what they think is best for their holder base.
And the holders are looking for something completely different. Not, I'm not speaking absolutely.
I'm sure there's some great alignment.
But think of the metas this cycle.
We've had Hyperliquid, Perpdex taking off.
We've had PumpFun and MemeCoins taking off.
Prediction markets.
What NFT, PFP brands want anything
with the prediction market right now?
This is part of the problem with this cycle
and why a lot of the active participants,
and I'm not blaming NFT PFP brands or teams,
but the reality is
most of the things that have boomed this cycle,
most of the metas this cycle,
we have no stake in.
Kalshi doesn't have a token.
Polymarket doesn't have a token.
Might be at some point, maybe, probably.
But so you're pre-farming something
before it's ever even announced.
They're not public companies.
You can't go buy stock in these companies.
And I don't know of a single, not one NFT PFP brand that has reached out and tried to partner
with Kalshi and Polymarket. Hundreds of KOLs have, hundreds of influencers that went from
rocking a PFP proudly to now they proudly rock a Kalshi or Polymarket badge, yet an NFT PFP brand
doesn't think, hmm, maybe we should find a way to partner with Polymarket or Calcium, find a way to give our users utility.
Please don't take this out of context.
I'm not knocking Myriad.
Not.
It's a question.
I don't know.
I hold a rug NFT.
Does that rug NFT get me any utility or perks or access on Myriad markets?
I may.
I don't think it does.
If it does, I'm not aware of it.
That's a problem. What are we, and again, please, Farouk, I'm going to DM Farouk now because I don't,
and Loxie, I'm not taking shots at them. That's just the easiest dot to possibly connect.
It's the same company. The other thing, because I had a little back and forth over the weekend, this is not about free magical internet money.
I can't be more clear.
I'm not expecting four or five figures just to be magically airdropped me or me to go click a couple buttons and claim 10 grand.
I wouldn't say no if it happened, but that's not what I'm asking for.
I do not have any expectations for free magical internet money coming from any of these NFT PFP brands right now. A lot of people try, oh, that's, that's not,
I know that's not sustainable. I'm not talking about free magical. I'm talking about access,
perks, utility discounts, discounts. We're talking about discounts. Yes. It's almost time for the
playoffs for those who got that one. It's, this is easy low-hanging fruit and fewer even attempting to do this stuff joey go ahead um a couple things so the first thing rolling loud as we never talk about
really i mean rarely talk about is one of the few pfp collections that actually provides an
incredible utility ongoing for their holders but they launched with this utility roadmap i think
the for those that don't remember rolling louds that they think they look kind of like
sock sock puppets or beanbags or something um and you get by owning the nft you get access to any
rolling loud event vip special entry like all this stuff and rolling
loud is one of the largest you know traveling music festivals in the country and world i'm
pretty sure pretty sure it's a global festival um and but when and i think the struggle is a lot of
these projects that you're like we're talking about like these legacy nft projects they struggle
with this alignment of values because when they did launch in 2021 or 2022 it was just vibes
it was rock the pfp and and the vibes and now years later they're having to balance number one relevancy number two revenue
and then number three like this alignment of values with their holders and it is really hard
after the fact to build out some utility for your holders if and i'm not saying they have, but if a lot of these companies or these projects
have gone through whatever war chest they had from 2021 and 2022, and they're not sitting on
the $25,000, $50,000, $100 million that they had back from the bull run, it's really difficult for
them to figure out what to do when their concern is, how do I keep the lights on?
And I'm not saying they're all having this conversation,
but I definitely think that creating a value system after the fact is a lot
harder than having a value system in place.
So when the people mint or buy that said NFT,
they know exactly what they're getting.
And then the last point i think we're
still to pvp in this space like oxy mentioned like why doesn't yuga talk to mega eth well i'm i i'm
not saying that this is the conversation they're having but why would yuga want to send their
holders to mega eth when they have their own blockchain why would pudgy penguins remember pudgy penguins did all those airdrops
and all those partnerships before abstract launched uh azuki's another example that you
know anything they did previously was before anime chain dropped so like we have all these
big legacy pfp collections that were saying do do more partnerships, work with other blockchains and
other companies, but they're not on their blockchain. And I don't know if that's part
of the problem. As a consumer, I think that's part of the problem, which is they don't want
to send people to other blockchains when they have their own, and they're trying to increase transactions,
increase users, increase DAP usage on their own blockchain.
And I'll pause there.
That's fair, and probably has merit.
Also supports the dilution of efforts and focus and resources have shifted.
The brutal reality, I'm not speaking for all,
the brutal reality for most NFT PFP brands
is the NFT PFP and their holders are not the priority.
In most cases, not in the second priority,
the third priority, the fourth priority.
It's way down the list.
And if that's the route they want to take,
that's fine. It is what it is. But know that
you're going to lose a lot
of your supporters. I just don't see another way this thing
shakes out. The NFTs are going to continue
to bleed out if you're focused on doing
your thing.
My advice, my
suggestion, you've got to do
a little bit of both.
Again, I know some people take my advice, my suggestion, you got to do a little bit of both. And again,
I know people tag Simple Pharma.
I'm not sure if he's in a different time.
I'm not sure if he's up or he can even join us today.
But I gave him credit earlier.
They did probably the most
I've seen with the
ApeCoin, ApeChain raid
because they actually did work
with these other
chains, at least on the ApeCoin, ApeChain Raid because they actually did work with these other chains, at least on the ApeCoin side.
Twitch short ads, I mean, Yuga ApeCoin just sent us to Solana and Hyperliquid to use native dApps there for ApeCoin.
Why wouldn't they do that similar with MegaEth?
I think they could and will.
that my suggestion to connect it one step further
is find a way to bring value
back to your earliest supporters. If
in this example, just using an example, if apes are the preeminent
asset of that ecosystem and mutants are apes, you've got
to find a way to drive value to them. Otherwise, it's not the preeminent
asset in the ecosystem. Right now, from my perspective, someone who's been in this ecosystem from launch,
my read is the priority asset of that ecosystem is ApeCoin.
Not the NFTs, it's ApeCoin. Why? Well, Yuga doesn't hold any Ape NFTs.
Maybe a few.
I don't think they hold any.
They hold other deeds.
I don't think they hold any Apes or Mutants.
They're not going to make any money if Apes could go to a million dollars,
does nothing for that company's bottom line or their profits.
ApeCoin 5X from here, that does a lot for their treasury and their company.
I get it.
I'm not saying I don't understand the logic
and the rationale why behind it.
I think what's very hard to quantify
is how much, how much am I worth?
How much is Machiavelli worth
in rocking a PFP that what used to be a mutant
and then a CODA and now is a Bitcoin puppet.
Why?
I don't know.
What was the chart we just loaded?
Yeah, digital identity is cool, but it's not why I'm going to go buy your expensive asset.
It's not if there's no other utility or perks.
How much are those NPS supporters, those 10 out of 10 NPS supporters worth?
What's the lifetime value of a brand ambassador?
Oh, well, someone used an example.
Yeah, there's maybe like 100 or so people
that really deserve to be rewarded
for their brand ambassadorship, not 10,000.
Okay, reward those people.
There's ways to do this.
Actually, let's start using blockchain technology.
Did someone just buy this
because you made an announcement
and they want to come farm
whatever new utility and perk you have?
Or have they been holding your asset since Mint
and they've been supporting
and they like all this stuff can be,
you have all this information.
You can do something with it
or you don't have to.
Who am I to say?
I don't have any equity in these companies.
I'm not a shareholder.
I have no say whatsoever.
I'm simply attempting to solve for what might bring back desire.
Forget outsiders.
There's no one onboarding this space right now.
Why would they?
New people, normies,
the only people that
might be buying these NFTs are people
rotating from another NFT.
Just being real.
Will the pudgy
sphere sell some pudgies?
I doubt it.
It'll help proliferate the brand. I'm not saying it's a bad
spin. I get it. I understand why, but it's
the idea of brand proliferation
and people wanting to come buy
four or five six-figure assets,
unless there's some other catalysts
like perks, utility, and access,
that's decades in the making.
We use the Charizard.
We use the Michael Jordan rookie cards examples.
That's literally decades in the making.
The clubhouse in Miami could deliver some perks and access utility that gets other people wanting to go from a user, a customer to a member.
There's a golf club, a golf simulator club here in St. Pete.
There's a golf club, a golf simulator club here in St. Pete.
I think the dues, the initiation dues, like five grand.
And it's something like six or 700 bucks a month for a freaking golf simulator club.
So you can't tell me that there's not value in clubs, membership-based clubs.
You can look at country clubs.
You can look at traditional yacht clubs. You can look at golf simulator clubs. People pay for access, perks, and utilities. People will pay for membership. What is the membership?
blue chip NFTs. Could they open doors? Could they help you make friends and network?
Yes, they absolutely did. And they could still can.
But most of the people here have made those friends.
We've made those connections.
To make it a perpetual value of membership, you need new members.
How are you going to bring new members?
That goes back to access, perks, utility.
Not magical internet money.
When people come in, if they found they had some dividend in the form of magical internet money, maybe.
That's also hard. It's not scalable.
I'm not saying that's even remotely close to the path they should be taking.
But there are ways to drive value accrual in the form of utility and access back to your supporters, back to your holders.
I would also like to see more of an on-chain.
I would also like to see more of an on-chain.
I'd like to see more on-chain experimentation.
If that's not going to happen,
like, okay, so we have at least,
as it relates to Yuga and the Board of Yacht Club,
they have a clubhouse coming.
They have an annual event.
That's two things you can't look me in the eye
and say it may not be for and say, it's not,
it may not be for you, but it's real perk. And it's a real perk.
The real perks, it's real access.
I don't know if it's enough to drive number go up or people to come in the
space. I think once people start experiencing it, they will,
just like every year at ApeFest. Inevit inevitably people go, they experience their first ApeFest,
like, oh, I get it now.
And they go buy a mutant or an ape.
Just to do that once a year is not going to move the number in terms of new members.
Not in a market like this where you get capitulation and the reality is there's more sellers than buyers.
It's just cold hard facts.
So back to the access and utility.
Outside of events, annual events or Rolling Loud, it's a great example.
Rolling Loud is a great example.
A clubhouse.
It's cool.
There's easily to quantify that perk, that value, that access.
What else?
What other?
I like the idea of partnering with the hyperliquids of the world,
the mega east of the world.
You saw, and again, I'm not seeking,
I'm not expecting magical internet money,
but that still is a possibility.
There's a lot of TGEs in Q1.
A lot.
Big ones.
Apes and mutants are getting a little perk
in their open sea, their sea allocation.
You know what I'd love to see?
is my suggestion for that team.
Is my suggestion for that team,
I'm actually going to DM Steve this today.
Actually, I'm going to DM Steve this today.
Make it not based on
holding this asset at a time of snapshot.
Have some sort of multiplier.
You've held it for one year.
You get it on one X.
You held it for two years.
You get two X.
You held it for three years.
You get a three X.
There's ways to reward loyalty.
There's ways to drive value accrual to your holders
not drive value to speculators and flippers and farmers
my i think my hands got a little finicky my ex if anyone is doesn't want to get down here
wave your hand or throw a hand back up uh or uh okay joey go ahead
and get back in here yeah i'll go quick because i'm about to get to the gym i do think to your
point about pfps i don't think we are where we were well we're clearly not where we were in 2021
but i don't think people care that much anymore about the the like our identity on X.
Like back in the day,
I remember when I came into this space,
if I, like if you had an 8 PFP or a punk PFP,
like everybody followed them.
Like it immediately meant you were going to 10,000,
20,000, 30,000 followers
because they're an ape, they're a punk,
they were here, whatever.
I just don't feel like that matters
anymore i think what matters more is the actual programmable technology that people understand
nfts are which again yes i'm echoing some of the sentiment in your poll i i just feel like
all of these artists spend so much time and effort creating these PFP collections and rarities and making things collectible.
You know, ultra rares and grails and one of ones and all this stuff.
When at the end of the day, yes, we we like to collect.
But I think what matters more is what you can do with them.
What matters more is what you can do with them.
And I use the example of Disney because if you go on Instagram right now and you find
100 Disney influencers, not a single one of them has a Mickey Mouse, a Minnie Mouse,
a Goofy, or whatever as their PFP on Instagram.
It's them.
They are the brand.
And then they go to Disney and they post their videos and
their content and etc so and the reason why i use that example is because if disney decided to launch
an nft that gave them access to you know discounts on tickets and food and events and whatever
at their parks do you think anybody would care if they got a rare combination of traits no they wouldn't they
would care that they got you know every mickey holiday party is 10 off every not so scary
halloween party is 10 off or they get free disney annual pass holders go apeshit over magnets magnets. Yep.
Little annual pass holder magnets, right?
So what I'm saying is, is worry more about what the technology itself and what you can provide and do with it and less about, oh, but my art, my art, I've been working on this for two years.
You guys don't understand.
It's all about the art. I just don't think people care about PFP art anymore because I don't think people care about their X identity
like they used to during the bull run.
Agreed.
And I shouldn't say it's not all.
Some people definitely do.
I don't think anyone new is entering this space to get,
oh, I'm going to go buy this digital asset because that's the digital identity
I need on X or Instagram or somewhere else.
Like,
I don't think people are going to pay a premium.
Like your point about real quick,
I'm sorry for your point about eight fest and the club.
Like if people want to become members,
clearly they'll,
I'm hoping there'll be tiered benefits between mutants and apes because they cost significantly different right so hopefully the ape tier is a
better better benefits at the club than the mutant tier but i don't see people coming going and
experiencing the club in miami and saying okay i can pick up this floor eight i don't know what
the floor is right i'll say five eat right right? And get all of these benefits. But no, instead, I want to pick up a trippy skin or a robot skin for three times as much because it looks cool.
When the benefits are all the same.
I don't see somebody that's not already in this space doing that.
What would be the benefit?
So I agree off the jump.
I agree as their entry point.
I do think there is still value in the provenance, in the rares, in the flex.
But we're not at that stage of the market.
It's just not real to think that.
Now, you start doing some of these things.
I got MMM Walk's post pulled up here.
It says, great conversation.
Board of Yacht Club is a social club.
So think if it gave everyone a percentage discount
as to Web2 brands.
Mini Ape Fest events with free access.
And American Express-like rewards for holding.
Not for buying, at express like rewards for holding not for buying at a snapshot for holding support other chains not just ape and obviously the best game other side meta let's make it happen i by the way i do think rarity matters i just don't
think it's going to matter to like a web 2 person that i agree wants to join the club i agree i think it can
matter to that web two person after they've joined the club and they've seen all this stuff like oh
i want to upgrade my access i want to upgrade from a mutant to a to an eight because i can
and i have some disposable income and i want this thing i want to just like people collect digital
art but that's more of like a a secondary effect of doing this sort of stuff.
Delivering, like I'm a fan of the collaborations,
Web2 collaborations and partnerships.
I wore my Bape slippers for the first time this weekend at a holiday party,
party, a pajama party. I don't know what else I'm going to wear them to.
a pajama party.
I don't know what else I'm going to wear them to.
Are people going to buy an ape so they can get a collaboration drop? I doubt it.
Would they, if there was ongoing disc, and for that matter, this isn't, again,
not directed at apes and Yuga. I just am closer to it. What, which one of these,
like, let's just go back to Doodles.
They had some great collaborations with massive brands from McDonald's to Universal, all the
above.
And as soon as you say, what's in it with holders, you get met with vitriol on the timeline.
Oh, you idiot.
This is growing and scaling the IP.
Okay.
Maybe they are in the reality distortion field and they think that's what all their holders want
do we all want to see the IPB successful yes it's in an or conversation this is an and why not both
you you really telling me that I'm not picking on them it's just an easy example
you're telling me that
doodles couldn't get their holders a free cup of coffee. And they may say, oh,
that our quarters would be pissed off if we did that because it's not enough.
Maybe we're telling you we'd like to feel special for holding this thing. We'd like some sort of
discount. We'd like some sort of perk for supporting your brand for three, four years
and bullposting and being that brand ambassador and helping you scale, helping you get those collaborations.
Because without your holder base, without your community base, you're not getting them.
You're just not.
There's a lot cooler, a lot more well-known IP in the world today than any of the NFT PFP IP.
Just a cold, hard fact.
You don't have to like it.
It just is.
They're going to go partner with Disney or Marvel
or Labubu before any of these brands.
So it's cool that you can get those collaborations.
What's in it for the holder?
I know it's going to piss off some NFT founders.
Be pissed off. Watch your community continue to erode. Or maybe if 67% of our holders are looking for perks, access, and utility,
maybe we should start thinking a little bit about perks, access, and utility for our holder base.
Maybe. Maybe the thing is over and just everything goes to zero.
Or maybe we can get back to delivering perks, access, and utility that doesn't have to come in the form of free magical internet money.
Because every time you say it's like, oh, that's not sustainable. Bullshit. It is.
American Express does it.
Before you get in, all they charge fees okay it's a percent of their revenue is earmarked for perks access utility and
they leverage their holder base and get free stuff just like most of these NFT, PFP brands have done and can do.
They just stopped.
They tried to spin a narrative that that's not sustainable.
Royalties went away.
We can't provide access and utility and perks anymore.
Bullshit.
You can.
You just stopped attempting to do it.
That's a blanket statement.
Most of them have stopped attempting to deliver utility,
ongoing utility and perks.
And other than the annual events,
I'm excited about the clubhouse.
I'm not, again, I'm not selling my ape.
I'm just saying that most have stopped thinking about it when they're doing their biz death.
They're thinking, what's in it for us?
What can this collaboration do for us?
How much revenue,
how much profits can this collaboration
bring to our bottom line?
I get that.
You need to be doing that.
Maybe carve out five, 10%
and find a way to drive some discounts
or some perks or some access to your utility
to your supporters.
Maybe.
And you know what?
If there's not five or 10% margins
and what you're doing
is probably not a good activation.
Go ahead, Oxy.
Yeah, I just wanted to, I guess, quickly circle back to like, why would we want to go to another
chain, like provide value or like when we're building a chain, I guess I don't know. Like
I'm out of touch with the Yuga ecosystem, I'll be honest but like then then incentivize someone to build a good d5 product on a chain and then incentivize people to use a chain outside of burning like the
token like i mean i understand i understand what you're trying to do but it's just quite honest i
don't think it's going to be enough regardless speaking to i mean mean, all this, all this conversation, it goes back to, we're all financializing NFTs.
Like I, I, I've been, you know, I've been saying it for a long time and like, it's just the reality of the world.
I mean, it's not even the space.
Every, everything needs to be financialized in a certain way, shape or form.
You're, you're always like, okay, if I use, you, if I use Chase Reward points versus Amex points,
what's the dollar redemption per point? How much am I going to get out of it? And can I quantify
it? At the end of the day, that's always going to be what it comes back to. And if you lower fees
on trading on Hyperliquid or whatever protocol, I can be like, okay, you know what? I transact X amount of money
per day. I have this many transactions that I trade a lot. I do a lot of LPing. I can quantify
what that looks like. Okay. You know what? It might be worthwhile to hold a PFP because
if I do X amount of transactions, I'm saving this much in fees. I mean, that's great.
amount of transactions i'm saving this much in fees that's i mean that's great and it it goes
for literally everything that you most things that you do is you you want to be like okay is this
worth it for me and the the more we go financialize like the world is going financialized at a rapid
clip faster than ever and at the end of the day you have to be like okay it's great like
shit even going back to like the the question about is it worth rocking an APFP on the timeline? You're like, oh, well, hell yeah, it is. Look at the engagement I get on this. Look at my impressions. Look at how many replies I get for rocking that APFP. That's, I mean, that's negligible now from what I can tell.
negligible now from what I can tell. And at a certain point that was even financialized and
quantifiable to where like, okay, you know what? There's a community here. I want to feel a part
of something, but on top of it, you know what? I get really good engagement when I'm rocking this
mutant or this ape. I get really good opportunities when I'm rocking this PFP because people engage
with me and because I can get partnerships or ambassadorships or whatever it might be. At the end of the day, it all comes back to people will financialize it.
As much as you don't like it, people are going to do it anyway. And I know there's people that
are outside of this camp and I'm generalizing, but I would say 99% of the people that hold
NFT, PFTs or NFTs in general are going to financialize it.
Like what's it worth to me?
And I just,
I mean,
that's just the reality of this world.
I feel like.
I agree.
Unfortunately.
I mean,
not unfortunately,
it's just the reality.
I agree.
Proof of Alpha DGEN,
always a pleasure.
GM, sir,
appreciate you coming up.
What did bring you up this morning?
GM, good, sir.
Always a pleasure to be here among the greats, man.
I just wanted to double tap on what you were saying about the brand and using the brand.
Because if you are the person that's taking care of a collab or you're securing a deal with McDonald's or whoever,
then at some point you have to have the audacity and the security to say,
you know what, we need something from this as well. This is not just all for us to benefit us.
I mean, to benefit you, this is, we need something. Give us, like you said, give our
holders a cup of coffee or something. Give us something exclusive where we can say, hey, our
holders, you know, you can do this. Give them something to feel proud about, just like a country club.
When you go in a country club, you can go in a country club and get all kind of amenities that you can't get
when you go into a local restaurant or go to a local golf course or what have you.
So that's the example.
But it says true that if your holders don't have a reason to boast or just to feel special,
then there's no stickiness.
And therefore, it's probably not whatever you're doing.
This is not a good fit for your holders or for the community.
And like you said, it will continue to bleed out.
I land the plane there, like Cap says.
Is what we're saying that hard?
Like, this is where I feel like I'm taking crazy pills.
People will like dead eye look me in the face like, oh, that's not doable.
That's not sustainable.
That's not what we're building for.
What?
This isn't even a new concept.
Like,
people, members of clubs get access and perks.
Like, dude,
I get perks all over town
for being a member
of my freaking local gym.
I think I pay 30 bucks a month and I can, I can, if I, I'm not like a discount hunter,
but I'm near certain if I wanted to, I could go get $30 discounts in St. Pete because I'm a,
I'm a member of my local gym and they've collaborated with other local establishments to drive value, access, and perks to their gym members
for $30 a month. And you're telling me I'm going to spend $1,000, $5,000, $15,000 on an
NFT PFP that has utility, but I'm not going to get any discounts anywhere? You can't do that?
Oh, royalties don't exist anymore. Then wrap your tokens and do a
new contract and give your people a chance to come over if they want to slip. They do exist.
Mad Lads and Good Vibes Club are over seven figures in royalties this year.
Good Vibes Club being new, Mad Lads wasn't new. There's ways to drive royalties.
And if it's not royalties, build a real business,
sell some real products. But when you're selling those products,
earmark a percentage of your revenue to align with your community.
REC drinks, a real business. Dude, I don't know, 3 million in annual sales this year. Is that a ton?
No. Is that going to move the needle on much things? No. But you know what they're doing?
10% of their sales going forward,
10% of their revenue is going to align with their community.
They're doing it in the form of token buybacks.
Some of you are going to say,
oh, I don't like token buybacks.
That's not really going to do it either.
That doesn't move the needle for me.
At least they're making an effort.
At least they're doing something to show alignment.
I'm not saying it's 100% of the revenue.
That's not sustainable.
Do they have to make money?
Yes.
Well, we're not profitable yet.
How can we give up revenue?
Do you want to drive more revenue or less?
The potential for them to drive more volume, more revenue long term, if they align with their holders, I feel is greater.
And if you're already in cash burn, if you're already negative, the next activation you do, just build it in there.
We were talking about credit card perks earlier.
credit card perks earlier, it's not like
you don't get a
$10,000 STEMI for using an
American Express card or
a Chase card
or any of these credit cards. We're talking
like 1 to maybe
5% cash back in some
form or another.
1 to 5%.
You got to start somewhere.
Are people going to rush in and start buying NFT PFPs if they get a few discount points on a merch shop?
No, not by itself.
The overarching point is you want to talk about community and culture and alignment.
These are easy wins.
Maybe they don't drive the needle.
Can we attempt at least to see if it does?
I'm afraid, be brief on this one if you're going to take it
to the 2D Doodle conversation, but welcome to the stage, Mr. C.
What brought you up?
Captain, I just wanted to say, I don't even want to talk much.
I just want to say thank you for talking and saying it as it is.
I think people have forgotten about all of that,
and they don't really care about holders.
They must think that everybody loves to talk about.
Have you really forgotten
that holders still want some sort of perks,
some sort of law?
Your audio is breaking up.
Can you hear me now?
Is that better?
Yeah, I can't hear you.
Try one more time. You can't hear me. You Is that better? Mr. C, you're... Is that better? Yeah, I can't hear you. Try one more time.
You can't hear me.
You're good now. Go ahead.
I think, first of all, like I said,
thank you for saying what you said
because I think people have forgotten
about loyalty and what it means
to just have some sort of perks
to make holders feel special.
We get so caught up in,
oh yeah, we got this great art we got this we
know we like that that's why we got into this right but we also got into this because we did
feel special we did feel like you know you know a couple of months every couple of months would
get something something was there for us and i think holders have kind of got into themselves, not holders, sorry, the NFT creators,
they've got into themselves in such a way that I don't think sometimes they appear to care about what we think as holders.
And they're more interested about the brands and stuff like that.
Just like you said, those brands wouldn't be there if you didn't have the holders.
And I think this has totally been lost.
And sometimes it takes somebody like yourself
to just say it as it is.
You know, cloak under the covers,
trying to, you know, be up somebody's arse.
No, say it as it is.
And I just hope, right, that people start listening.
I think the founders should actually listen yeah because for me personally and i'm not taking a shot at doodles
but it's the closest nft project to my heart i would say they somehow lost their way along the
way and one of the biggest things things that they kept on trying to do
is waiting too long to release something.
By the time you release it, nobody cares.
Everybody's trying to be secret.
It's not about being secret.
Fail in public and then, you know, continue and continue and continue.
I paused there, but that's all I wanted to really say.
I appreciate it, Sharon.
I think it also brings up another point.
Like this, again, we're not fighting.
We're not attacking NFT, PFP brands.
I'm trying to talk generality
so that no one takes something out of context.
I know I'm going to get nasty DMs again
and people are going to be pissed off and stop fighting.
And I'm probably going to get excommunicated
from some of these communities. They'll never come on the show again. And I'm
probably costing myself sponsorship dollars. I don't care. I care more about the space
and seeing this actually remain a going concern than all these NFT PFP brands going to zero.
And it's not about the floor price. Is that an important metric? It matters.
If you're saying it doesn't, you're coping.
But it's about momentum.
It's about growing.
Captain, it does matter.
It does matter because let's face it.
It's one of the only metrics that we've got, right?
When holders are not happy they sell it goes down
let's not try and sugarcoat it for any of them let's not let's please let's not another metric
might be new users new holders i'm telling you they're they're not coming in for your art
they're not they're not coming in for your digital identity. They're not.
Let's say Amazon Gaming crushes it and takes off.
Brings in thousands of new users to other side.
They're not going to go spend tens of thousands of dollars to buy an ape.
They're not.
Not today. Maybe years from now when
when other sides a smashing hit they might sell for some of the premiums like you see
some of the gaming assets but not today that's just years if not decades in the making so in the
interim we want to build some momentum and some excitement. If you want to separate yourself from all the other NFT, PFP brands and maybe drive some of this consolidation,
and it's not to make it PVP, but so few are attempting to do anything.
If one brand started actually prioritizing their holder base again, I think you'd see their floor price moon.
I think you'd see some rotation.
Equity play is one that you can't pronounce that, you can't advertise that
you can't sell that, it has to be a surprise after the fact
otherwise you're going to get a Wells notice
but one thing you said there is
it's not just access, perks, and utilities
part of it is
back to the building and public thing back to the feeling involved, feeling a part of something.
I had a tweet I shared over the weekend that I sent out on May 16th of 2021, so just over two weeks after Ape's meant it out.
And I'll paraphrase here without going and finding the tweet, but I said something to affect the board of Yacht Club.
I feel like I just joined a unicorn startup with 2,500 of my closest
friends I've never met yet. A couple years later, after the Dow,
I quote tweeted that and said a couple years later, I still feel the same way.
I don't really feel that way anymore.
I don't feel like I'm part of a growing startup.
I support one, but I don't feel like I'm a part of it anymore.
Maybe they don't want that. I get it's hard to build in public. I get hosting a monthly board
meeting or a quarterly board meeting, an inner igloo. I get that takes time, effort, and resources
that's not going to drive any revenue or profits in the short term. I understand that.
It's also why I'm here, because I enjoyed that stuff. I felt like I was part of something.
I know I wasn't a shareholder. I know I wasn't a shareholder.
I know I wasn't an equity holder.
I felt like a stakeholder.
Now I feel like a customer.
It's how I feel.
It's my personal opinion.
You can disagree with me if you want.
It's how I feel.
And that doesn't go for just for you.
That's for all these brands.
I don't feel like I'm a part of any of them.
I feel like I'm a customer of theirs or a mouthpiece. I'm an unpaid ambassador for many of them.
I'm not saying pay me. I'm saying make me feel part of something again.
Bring back the behind the scenes. Bring back the board meetings. Do a member survey. Let's do an NPS survey and actually ask your supporters what do they want? On a scale of one to 10,
10 being the highest,
how likely are you to refer a friend or family member
to buy this NFT?
They're not going to do it
because they're going to get
a lot of 0, 1s, and 2s.
I wouldn't refer any of my
in-real-life friends
who aren't encrypted
to buy any NFT PFPs right now.
I love this space.
I'm very passionate about it.
I'm not going to suggest any of them buying anPs because I don't know what they're getting.
None of them are in the
business of collecting digital art that's not that great of
art relative to fine art.
none of them are looking for a digital identity.
None of them are looking for a digital identity.
All of them are into access perks and discounts.
In fact, some of my wealthiest friends,
multi-millionaires,
beautiful million-dollar homes,
and done very well, they're done.
For all instance, purses,
they don't have to work another day in their life.
They still use things like Rakuten,
and they hack their credit card points programs.
Most wealthy people I know care about saving money.
Most ways that they save money is by way of these membership clubs that partner with other leading brands to offer discounts and perks and access utilities to their holders or their members proof of concept exists people want that sort of stuff
so you don't listen to me you don't have to take my suggestions you don't have to ever provide
access utility or perks to your holder base ever again just go build what you want to build good
luck it's you know what you know what it's funny captain yeah you
know like um you see loyalty programs right that big that existed for years and you have a bank of
them like for example you might have adidas discounts 30 you might have boots discounts
you might have um let's say starbucks discounts all of these discounts that all of these nft projects
have worked with their touch base is there not possibility of even having this bank of
loyalty stuff that they can offer members i'm not saying it's easy
right and maybe somebody needs to tell me well we can't do this because of xyz but when you're
seeing all of these deals with the brands even in you know i don't want to say particular ones
but you know you've seen it all we've seen the ones the big brands have come into our space i'll
say our space but it's nft space and you know it's always been for oh get this and you can you can
you'll get a tracksuit or whatever, but you have to buy something.
There's no discount or anything.
If you've worked for a corporate company, most of these corporate companies have some of these loyalty schemes for their employees.
You know, my wife, when I used to work for a law company that had this website and if you worked for that company call it a holder
you'd be entitled to just log in anytime my wife would log on every christmas time
she'd get an adidas discount she'd get a knight discount she'd get argos discounts all of these
things are not difficult right but yet we can't do them you know do you understand what i'm saying here captain i
think so i'm just going to be honest with you mr c i got distracted by something that everyone
needs to stop what you're doing right now we're going to go to oxy next stop what you're doing
open up your chat gpt and ask it what's the stupidest thing i've asked you in 2025
if you're a regular on this show there's a very show, there's a very good chance. There's a very good chance.
If you listen to the show in the last month, even there's a very good chance you might
get the correct answer. What chat GPT just told me the stupidest thing I asked it in 2025 was
it's going to give you the, at least me, it gave me the glazing answer. Short answer,
nothing truly stupid. You asked practical, curious and optimized optimization oriented questions.
F you chat GPT. That's not what questions. F you, ChatGPT.
That's not what I asked.
Stop glazing me.
Just be blunt.
And then he put one on and say, that said, for grading on this felt unnecessary the moment it was asked,
the closest contenders from 2025 would be this lighthearted Hall of Fame.
There's one question there.
There's one thing I asked it that was a direct result of something I said on the show,
and I needed a point of clarification.
So if anyone can guess that I've got 100 bonus points for today, but stop what you're doing.
Seriously, go ask ChatGPT that question.
And before we wrap up, I'll share my I'll screen share my ChatGPT.
Oxy, go ahead.
Yeah, I think one thing that.
I don't know, maybe I'm trying to play devil's advocate and maybe speak to Mr. C's comments a little bit is like, so I used to work at a firm where like you'd get discounts,
you'd be able to sign in and you'd be able to get discounts at different stores or partnerships
that they had, you know, where they had worked with or what have you. But like one thing that's
kind of tough to also quantify is like if, if projects are are gonna go out and just get like a number of different
discounts like if that's a cost to them there needs to be some way that they can re like either
recoup that cost a little bit or there needs to be some like benefit on the other side as well
like i understand this it can't just solely be a cost center so i'm trying to play devil's advocate
a little bit here where it's like okay we can we can go out in partnership with Target and Costco or whatever it is and
try and get you some discounts on different things that you purchase. And then maybe it's
like referral fees or something, but I do want to recognize it can't just be a cost center to them.
Just like point systems are a cost center to a lot of these places. Like it is on
the onset, but it ends up driving more revenue simply because of the perception of your saving
money through points, right? Like that's just the way these things are typically set up. So
I guess I'm just trying to play devil's advocate a little bit where it's like
there needs to be a middle ground but i mean at the end of the
day i do agree with you like mr c is like there it's easy to get partnerships i feel like or
discounts in some way and um i don't know they uh you they just need to try i feel like and that i
don't think anyone's really trying that might not be the only way but the point is because
i feel like sometimes unless you're in
with the in crowd they're not really listening right it's we're doing this and if you don't
like it you don't like it get out sell your nft you're not part of us and that's that's how sometimes
i feel yeah and then again i i respect the comments um. Like digital ads here in the chat.
The cup of coffee was just an example.
I'm not saying that was the bright decision
or what it would have been due.
I'm not going to lie.
If I hear people cry about not getting a cup of coffee
as wild after H got six-figure airdrop,
three other deeds,
and all the social currency came in 2021.
Okay.
If that's it,
and there's never going to be any more utility, then yeah, people will just
leave. What do you think created the mania? What do you think had people flooding? What do you
think led to the craziest astronomical valuations? It was the access perks and utilities that came
along with it. It was a social currency that came along with it in 21. This isn't 2021.
This is this. You're actually, actually this is perfect this is actually exactly
what not exactly this is partially the reason why the market's where it's at because all this stuff
went away so yeah we could just say oh that was a moment in time never going to happen again
we're just going to sell you stuff now you're now our customers
okay good luck keeping your holder base good luck having free brand ambassadorship.
And to be clear, I'm not asking for a six-figure airdrop, free other deeds, or social currency.
Actually, I would like some social currency in the form of new connections, new members,
but that's going to come by driving access perks and utilities for other people.
My question is to all NFT founders, teams, all of them,
why should I buy your NFT?
Why should I encourage my wealthy friends to come buy your NFT?
I've not got a good answer for a while.
And I ask the question anytime I have leadership on the phone with me.
I've not got a great answer.
Nothing that got me to encourage my friends to buy an NFT, PFP.
And more concerning is most don't even have an answer.
Or you ask three people on the leadership team, you get three different answers.
That's a problem.
What's your core pillars?
What's your true north?
And if I say, why should I buy this expensive PFP, NFT?
And the answer is like, oh, it's art and there's provenance on the blockchain.
That's an eye rule.
That's not going to get anyone that's not here buying your NFT.
That's not going to get anyone that's here to buy your NFT.
Just keeping it real.
That's not it.
That's not it.
For reiterate, I'm not expecting.
If you're expecting six-figure airdrops and free mints that you could sell for 10k
your expectations are out of line in 2025 that's not happening it's not what I'm asking for what
I'm asking for is similar to what every other membership-based club that's been successful in history, most of them offer their members, their holders, their supporters.
It's some form of access, perks, or utilities.
Most of the – now, oh, we already fulfilled that roadmap item.
Okay, it worked, didn't it?
Your roadmap won.
one, those roadmaps worked. Can you run back the same thing? No. But maybe lean into what worked
Those roadmaps worked.
Can you run back the same thing?
so well, which was access perks and utilities or utility. This isn't like that hard. Is it hard
to execute? Yes. It's not hard to understand what's going to drive excitement and drive new
buyers of your NFT. If that's what you want. Maybe they don't want that.
Maybe they just want to get rid of all this
so they can go build a business.
There's a lot of NFT, PMP brands
that pivoted in the exodus space.
Jenkins, Tally Labs.
They just quit.
Just quit on their hoarder base.
Thanks for playing.
We're out of here.
That's one route you could go.
I guess give them credit for just ripping the bandaid off and making it a
quick one as opposed to leading people on for another year or two.
I think I froze. Yep. Good for you. Good for you screen there.
I don't know what's going on. My internet says it's strong, but
we hit the 10 o'clock hour um if anyone on stage you want to get a final closing thought in throw
me a hand go ahead oxy yeah i mean i think just going back to we i think you're tagged in this
post in my response but like it just goes back to the only thing that anyone has to value NFT projects on these days, especially PFT projects, is speculation.
I understand that's a part of it.
That's a part of crypto.
That's a part of all of this.
Yeah, but here's...
I got to interject, Oxy, because if I'm speculating on NFT brands right now, I'm shorting all of them.
I'm shorting all them.
I'm shorting them.
100%. 100%.
Yeah, exactly.
I'm not doing this, but if I could go speculate, if that's what I wanted to do, I'm not buying anything right now.
I'm shorting all of them because they're not showing me anything that says, oh, this is going to make the number go up in the short term.
Because there's far other, many other spots in crypto or prediction markets where you might make some money in the short term.
They've got to change something.
Otherwise, this is a definition of insanity.
Expecting different results might continue to do the same thing over and over again, which is not providing access and utility and perks to your holder base.
Go ahead. Sorry.
No, completely. where I was going is because the inherent value that's associated with these brands or the IP or
the community that they're building or the events that they're holding is just not even remotely
close to the value that the NFTs are worth. And I'd be willing to bet it goes to every single NFT
collection that's out right now. Is the value that the perceived value that people are putting on what they're getting out of this.
Is not,
it's not even remotely close to the value of the PFP is no matter how low the floor
place price has fallen.
And that's,
that's the,
that's the issue that, you know, that we're talking about at the end of the day is like the perceived
speculation value, clearly the speculation value isn't even there, but the perceived
utility value isn't even remotely close to what the floor price is.
So yeah, I mean, if that's not what you're looking to do with your NFT collection, like drive utility and the value of that utility, if that's not what you're looking to do with your NFT collection,
like drive utility and the value of that utility, if that's not what you're trying to do,
then put it out there and let people make their own decisions
because people are just losing money.
And they're only losing money.
And that's not going to be good for whatever you tend to do down the line.
I'll push back slightly on none are providing value commiserate with their NFT floor price.
I will stand by it.
I think even today, and this is a good way to bring this thing full circle, because as it comes to access, perks, and utility, despite their floor price being down, I truly do believe that a mutant for 0.64 ETH or a little under $2,000, if you want to build in crypto, if you want to build on chain, and you're new here, I think you would be hard-pressed to pick up an asset for $2,000 and immediately get into circles with people like myself.
Adam Weitzman is very much a supporter of Yuga brands.
I'm not saying that gets you his ear, but it might.
I saw I Can't Trade out there.
Got a follow I was proud of from Adam Weitzman.
I think just off of what we said today on the access perks utility
for mutant orders you get an annual aid fest you're going to get access to the clubhouse
perks at the clubhouse what those perks are we don't know yet i believe it's
let's just like i i said i'm there was a 10- year mind frame for me when I decided not to sell my,
this ape when it crossed 10 K USD dollars the first time.
So I truly believe if you want to,
that you can absolutely take a $2,000 asset in the form of a mutant over the
course of the next 10 years,
you will get more than $10,000 of value returned from that mutant. If you enjoy things like ApeFest, if you enjoy
network, if you want to meet people in this space. ApeFest, I went and paid more than $200
for a one night concert I went to last night. I've seen better acts at ApeFest. This past ApeFest
was actually a better subjective, but I think if you look at
their Spotify
listeners and stuff,
bigger following,
more in-demand artists at
ApeFest than the one I paid
250, 270 bucks for
to go last night.
So, I truly
believe, I'm not just saying this, I truly believe
a mutant for less than 2K, if you're looking at it as a lifetime membership, you will get more than $2K worth of value.
I think that's objective.
The challenge is you don't need to buy the mutant now, just wait until next ApeFest and then probably buy it for $1,500 if nothing changes.
just wait until next Ape Fest and then probably buy it for $1,500 if nothing changes. Or maybe
Or maybe you pay $3K.
you pay $3,000. The challenge is, I think my suggestion would be look at brands like Good
Vibes Club who are doing like they're collecting their badge. They're rewarding their collectors
as opposed to the speculators, the flippers. I understand how we got where we are today.
I understand snapshots was like the easiest way. It it just made sense. You hold this at X date, whether it's a surprise snapshot, whether it's the date of this merch drop or this
ticket activation, you get, if you have, you hold X access by Y date, you get Z. I understand how we
got here. My suggestion is, can we rethink that? Is there a way to, I don't know, maybe,
Think that? Is there a way to, I don't know, maybe, and ApeFest is probably a bad example,
but let's just say, hypothetically speaking, if you want a free ticket to ApeFest next year,
you've had to have held your Ape for 12 months, for six months.
Maybe that doesn't change anything. Maybe that's a horrible idea. I don't know. I don't not claim
to have all the answers. I'm just attempting to think creatively, constructively about how can we
change market sentiment because it's as low as I can possibly remember. And I share this again
because I care not just about Yuga and apes and memes. I care about the entire ecosystem.
It was something special. And a lot of it was the access, the perks, the utilities,
and being made feel part of something. I didn't come here to be a customer.
I didn't stay. Certainly didn't stay to be a customer. Maybe I did come here to be a customer,
a Top Shot customer. It's not certainly why I went down the rabbit hole or why I stayed.
So we can continue on the same trajectory we've been on the last year or two,
and just go build your business in silence. come up once a year, once a quarter, give an update,
talk about some big Web2 collaboration you did that because we hold this thing, we now have the
right to go buy with no discount. And it's the same price or more than you would pay
for a similar price good. aren't these aren't luxury items
i guess you could say you're collaborating with a luxury brand that's
or you know that's that's one thing but if you're selling your own merch like
check your ego no one's paying 2x for your hoodie or your t-shirt because it's got your logo on it
no one that's not here anyways.
Sorry if I offended anyone. That wasn't my intent.
I love the space. I care. I think things can change. I also think at the root of this
it comes back to, unfortunately, comms, communication,
talking with your holders, understanding what they're looking for.
And I'm not saying the holder's right.
I'm not saying you can make it.
You can't make everyone happy.
It's nearly impossible when you have several thousand holders.
But I don't think what I'm sharing today is unique.
In fact, I know it's not because I have a lot of people already in my DM saying,
thank you for finally saying something.
Thank you for speaking up.
Thank you for taking the arrows for us.
I'm not doing this for all of you.
I care for these brands taking the arrows for us. I'm not doing this for all of you. I care for these
brands, the space at large. And I think some of this is, I'm not saying there's any one thing
they can do that immediately is going to send floor prices running and we're, bull market's back.
I'm saying we've seen little effort or focus. And I think showing alignment is, is a first step.
And you're captain, just captain, just going back to what you just said just now,
the, obviously the floor price thing is gone, right? Let's forget about floor price,
even though it does matter. I think the alignment between at least having some sort of utility for members, something that is sticky, but more importantly, something that, you know, percentages of the holders feel like they're getting something.
And that's not an easy thing. Like I said, it's not easy, but that's why your holders are there for you to talk to them, for you to get ideas and then implement some of them ideas.
And that's what I think sometimes, that's what what i think is it just seems to be missing unless you are 24 7
in the discords right you won't even know what's happening and not everybody can spend 24 7
you know in the discourse that's why like i said most people used to come to a few key shows to find out what's going
because they knew that um some of the guys would turn up and talk about what their projects were
doing and engage people you know rally the troops as they say and that's not that doesn't seem to be
happening now so where where's where where's where have they all gone? Have they all gone and hidden themselves away?
Do they not think that they need to speak to us anymore to find out what would work?
The hardest thing is we know it's not everything is going to work.
But at least try some things.
And don't be cagey about it.
Say to God, oh, we're going to do this.
Right? And then just do it. Say it to God, oh, we're going to do this.
Right?
And then just do it.
Just add that final piece.
I'm not going to out the individual,
but I got a hot take.
It says,
most mature brands,
most mature NFT brands don't care.
Go ahead and mute your mic,
Mr. C, if you don't mind,
get some feedback.
Most mature NFT brands don't care if people buy their NFTs.
They made money off their mint.
They made whatever money
they could off of royalties.
They're all now pivoting
to other methods of earning money. They view holders
as customers, even if they
become brand advocates, great.
And then that's followed up with someone else's comments.
We are the retail they always
hoped we would be on board.
Unfortunately, I don't
think that's par off from the truth. I think a lot, not at all,
I think several of them have
pivot away from caring.
And this isn't all.
This is not an absolute statement.
I just think most see NFT holders more as a liability.
They see us as utility debt as opposed to brand advocates and individuals they care about rewarding and driving utility access and perks to.
If they all cared about that, we would see some doing a better
job of it. Some are, some care. It's definitely not the meta. And that's my thought. Maybe I'm
wrong. I don't know everything, but I think if we ever have an actual NFT season again,
if we ever have actually a real consolidation where those that are still here are flocking into a certain NFT brand or another, I think it's going to come to those that are
driving access perks and utilities beyond just some speculative token drop because that's
temporary. Proof AlphaDigian, get in here and then I'm going to share my, no one's got my
stupidest question I asked chat GPT yet, but I'm going to share that and wind down the show. Go
ahead. Thanks for letting me back in, Cap.
I think it's twofold as well.
And it's not just showing the alignment, but actually communicating that alignment with your holders.
Because even if you're behind the scenes and you're putting everything together
and you're checking all the boxes and you've got all the bells and whistles,
if your holders don't know about it, then you're still alienating them.
And so the sentiment still is allowed to just drain down.
And the other point I wanted to make is I don't know if, because I'm in here washing dishes, right?
So I don't know if you had a chance to mention out the regulatory
that are getting ready to come out here this next couple of weeks.
So how whenever it's supposed to and the sentiment that that would correlate to where we at now.
Have you have you spoke to that cap?
No, you're saying so like any of the regulatory stuff, is that going to drive up like a boom in NFTs or is that?
Is that what to drive up like a boom in NFTs or is that is that what you're saying?
I lost you there if you came off mute. Yeah. I mean,
sure. It's probably should be good for crypto. I just don't,
there's too many other ways in crypto to like, I just,
people aren't going to come speculate off NFTPFPs.
I feel pretty, not in the current state,
not for what they're delivering,
not for the access and utility.
I don't think so.
All right, real quick, we're out of here.
Appreciate everyone tuning in.
Before you get out of here, go up top,
smash the reminder for Wednesday's show and Tuesday's show.
I really appreciate it.
Special guest tomorrow, excited for that one.
Big, big guest on Wednesday.
Really looking forward to that one.
The stupidest things I asked ChatGPT in 2025.
Are you ready for this?
Reasking the same percentage decline in four different ways.
In my market updates, I want to make sure I'm correct on what the percent decline was.
And I've had to ask ChatGPT.
Yes, please confirm this. Math is hard in the mornings decline was. And I've had to ask ChatGPT. Yes, please confirm this.
Math is hard in the mornings without coffee. The second thing, verifying something you already need the answer. And it should be chilled, right? Referring to about a specific kind of champagne.
This is the one I always thought someone might get. Is it pound sand or pound salt? That was my
dumbest question. I asked ChatG GPT in 2025. I was right
before I asked the question. And lastly, is charging a Tesla, can you charge a Tesla in the
rain? I didn't know I was going to check before I fried myself the first time. Yes, it is pound
sand for those curious. On that note, I hope you all have a wonderful, wonderful day. Appreciate
y'all. We'll be back tomorrow at 8 a.m. Eastern time. Have a great one.
Thanks for tuning into Coffee with Captain, powered by ApeCoin. We hope you enjoyed the
show, and remember, nothing we discussed today is financial advice. Until next time,
keep exploring, stay curious, and we'll see you soon. Have a great day.
Welcome to the future.
