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NFT Royalties are Back! on Coffee with Captain #1,102 🔋by @UnVault
Recorded: Feb. 23, 2026 Duration: 2:39:22Space Recording
Short Summary
Unvault and Heavy Metal are launching a partnership to enhance royalty distribution for NFT collections, marking a significant shift towards royalty-enforced contracts in the NFT space. This trend is expected to drive growth and provide new yield opportunities for collectors, as evidenced by collections like Good Vibes Club and Quirky's that are thriving under this model.
Full Transcription
I'm on web 3. And it is what it seems. Topping the pyramid schemes, I'm telling you.
I sell you a percentage on n***a.
Shout out to this, yo, set it up.
Surfing on the web and I'm shooting at 3.
I've been goaded when I got my T.
I'm an elegant boy from a different planet.
So I got my drink.
I'm riding in the 1920s Model T Ford.
Car, Harrow, Lord.
Call me Levi playing on the keys, boy.
And I'm about to put my gloves on.
If I said it, then I meant that.
Yeah, I like that one.
I'm about to get that.
Crash that whip for the drumsticks, whiplash.
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 swim.
I'm a bird type view.
I'm a hire, Ricky Bobby., cracking the pavement with me, Bobby
I'm a Saki Bomb, Hiroshima, Nagasaki
Bruce Wayne been a dog, and I keep it 101, cause I'm feeling kinda spotty
Zipping on some rock and I'm sipping on octane
The only thing around my neck is a block team
Now I got coin, I see where y'all going
Poppa since web 1, hella hooked on web 2 I was living the dream, now I'm on web 3. And it is what it seems. Topping the pyramid scheme. I'm telling you. I'll sell you a percentage on Nebula.
Shout out to Viz.
Yo, set it up.
NFT, Twitter, blockchain.
T-ing with the ghosts and we ballin' like the brown jay.
Crypto, crypto.
We can make a trade, get the members.
Reviews not fallin' for the FOMO.
Listenin' to copyright, cap it.
I'm on web 3.
I'm on web 3.
I'm on web 3.
I'm on web 3.
I'm on web 3.
I'm on web 3.
I'm on web 3.
I'm on web 3.
I'm on web 3.
I'm on web 3.
I'm on web 3. I'm on web 3. I'm on web 3. And it is with the seams. Topping the pyramid scheme. I'm telling you. We can make a trade get the members
Listen in the coffee with Kevin, you know, he were a local
I ain't never gonna stop rapping
I just went and got me a half bitch
Now I got coin
I see where y'all going, poppin' since web one Hella hoops on web two I got coin
I see where y'all going
Poppa since web one
Hella hoops on web two
I was living the dream
Now I'm on web three
And it is what it seems
Topping the pyramid schemes
I'm telling you
I'll sell you a percentage on Nebula
Shout out to Vince, yo set it up
Breaking the mood to choose one
But they got knowledge to move, son
I'm shocking in shakes with my brother in
shoes yeah them blues is coming even though it's hard to pick anybody most
i'm gonna mix nobody lips it's time to go get number one no thumbs up you gotta scroll looking
at the ghost's studio it's time to go had a helmet on by myself until i met a master
i wanted to have a face off had to bring my chainsaw full ticket gas in the drive when
my brakes off i'm a one but a different kind of steak sauce.
GMGM, welcome to Coffee with Captain.
Hope everyone had a great weekend.
Thanks so much for joining us.
I'm Cap, co-hostless today, but we have a special guest joining us at right around 9 a.m. Eastern.
Excited to share with all of you, not just a special guest, new partner,
and going to be doing some fun stuff here over the next few months.
Grateful for the partnership. And we often talk about how fortunate we are to have founders and teams join us that are pushing the space forward.
This one is certainly doing that.
Or maybe bringing us backwards to push us forward, if that makes sense.
A little bit of foreshadowing there.
If you're on YouTube, you can get a glimpse of YouTube or Abstract.
You can see who that new partner is tagged in the title, and we'll add it to the X space here soon.
But again, as always, appreciate y'all being here.
Never any financial advice this year.
Crypto is risky.
MT is risky.
It's all exceptionally risky and volatile in a market like this.
So please don't join us for financial advice.
I'm certainly not your financial advisor,
just to answer some fun, some information and a little bit of education along the way.
Now that I got that out of the way, a little bit of cold open, and then we'll get into
the news today and trending topics. Speaking of trending topics, we were talking a little
Pokemon, 30th anniversary. And what created such hype and popularity around that IP?
I don't know.
My guess, I'm not deep in that ecosystem.
My perspective was Pokemon Go.
I know it was bigger or big before Pokemon Go, but I think Pokemon Go played a role in driving the excitement and awareness and demand around those
collectibles today. Maybe I'm wrong. Again, I'm not deep in the ecosystem. I'm not knocking it.
I just don't think the IP itself is anything special. It's marketing, distribution, and
stories, narratives, et cetera. I know's some people are going to obsess people when
i say the ip is not anything special but again it doesn't stand out to me as any any ip that is oh
that's so great art or such cool ip i i just never resonated with me like that but i'm not not knocking
your success i will say uh someone says the intro song was fire
uh intro song for pokemon game i guess on nintendo i just like i missed it i'm i'm dating
myself here a little bit but i was a big gamer as a kid i had was basically full fading games by the time Pokemon dropped. And I don't think I've ever played Pokemon on any game.
Maybe play Pokemon Go for like a brief second,
realize it's just not my thing, but never played any of the video games.
I just, just wasn't, wasn't my thing.
Little, a little late to that party.
Now, one thing I did play was GoldenEye.
Shout out to, shout out to my guy, Pat grip Ewing. If you, if you, if you don't follow Pat grip Ewing,
he, uh, uh, the name came from, he was early to top shot days. He's actually lead socials now
for moon pay. And the guy on his personal account, I mean, moon pay probably as well.
I haven't actually looked, but on his personal account, Ben on an absolute heater on X has, like for the last week or maybe the last four
days at least, had a video post that has went uber viral, at least in our world, in our
corner of the internet, like half a million to a million type views. One of them was a paid homage to GoldenEye and that era of gaming.
The man behind Pokemon.
I can't watch the video right now,
but explain to me why the JFC comment Vaughn Fronten.
I don't.
I'll watch the video or the song later.
But yeah, I don't know what don't, I'll watch the video or the song later, but was it? Yeah, I don't, I don't know what, what I'm missing here. Anyways, a couple, a couple of things I didn't plan on getting into
Pokemon right off the jump. A couple of cold open topics before it hits eight, 10 that I did want to
hit on was I'm, I might be all in on hockey. I didn't even watch any of the Olympics until the gold medal game.
I saw some highlights and then watched, I got up, watched, well, not that got up.
I'm always up at that time.
But normally I'm not watching TV whatsoever at 8 a.m. on a Sunday morning.
It's kind of like a get stuff around the house type day, get some grocery shopping done,
et cetera.
And I instead spent two and a half three hours watching hockey on sunday and was
hooked i um if you missed it usa won in thrilling fashion in overtime uh jack hughes scored the
golden goal the goalie was just absolutely incredible standing on his head quite frankly
can't adopt maybe not dominated but they they played better
uh for most the game in terms like shots on goal and it just they couldn't get they couldn't get
past the goal like he was unbelievable and um yeah really really enjoyed it it got me
i don't know i haven't fired yet i sent out a tweet yesterday i think this might get me into
best ball drafting.
I might fire some best ball drafts,
might play some DFS,
might do some sports betting.
I don't know if it's the most exciting sport in the world,
but I used to,
like I was into it big time as a kid with like when it was,
I'm trying to date,
I'm really dating myself here,
but like NHL,
probably like 94, 95.
Whenever like the dynamic duo of Fedorov
and Iserman played for the Red Wings that was um
that was some fun hockey time and I would watch what is that what's that?
Yeiserman um I would watch I would watch like the Stanley Cup playoffs I wouldn't really pay
too much attention in the regular season and then I got really into it during the playoffs.
Just fun format.
And it was a lot of fun.
And actually my...
It's pinned over here. You can't
see it on the ground.
But when I was in my Verizon
store era, we sponsored the Evansville
Iceman. It was a minor league hockey team,
but they were like...
They were... Iceman. That's what I team, but they were like, they were...
Iserman. That's what I said, right? I know you don't pronounce the Y. I'm confused. Anyways,
I digress. It's not going to be the first name I pronounce wrong on this show. Iserman. Yeah,
that's what I said. I was correct. Not Joey, right? Mayhem. The Canadian can solve this debate. I'm pretty sure Iserman is the correct pronunciation,
but I will stand to be corrected as a mispronouncer of words and names
and not deep into the hockey streets.
Today, yeah, I thought Joey, I thought, yeah, I thought the Y was,
again, no one else cares except for me, Joey, and Mayhem here.
But fun era of hockey back then.
During the – yeah, we sponsored this team.
It was like they had a really good – we had a really good stadium.
It was in Evansville, Indiana.
And the Ford Center was, for minor league hockey, pretty nice.
Like I think probably like seeded 10,000, 15,000 at capacity.
And part of the sponsorship, we got ice seats.
And I'll see if I can find this picture.
But it had a lot of fun. The players fun it was great minor league hockey like you're pretty
much guaranteed to fight every single game and i just i haven't i haven't followed the swords from
you i feel guilty i watched the i watched the gold medal game and i started feeling guilty because i
live in a great hockey town like the lightning are won multiple championships since
i've lived here in the last five years and i had not yet been to a tampa bay lightning game
so i started feeling guilty and added that to my to-do list this year is going to go check out at
least one uh one lightning game and i very well may go hard in hockey best ball and all things
hockey betting just solely off of one, one gold medal match,
gold medal game.
Also kicked off two days.
Yeah.
This week I fired back up the Peloton.
I had not subbed for a while and starting today,
got,
got a good workout this morning in,
and we're going to be getting at least a 20,
30 minute spin in a day moving forward.
If anyone wants to ride some, some fictitional bike with me,
hit up, I'm just the same handle,
at Chris Jordan on Peloton.
I think I'm like 25 spins away from 1,000
after having not ridden for a few years.
And last but not least, I'll let Joey get in here.
I said I was going to watch Alien movies this weekend.
Joey, thank you for the wrong recommendation.
I didn't watch a single Alien movie,
but I did start a new series, 56 Days.
Pretty solid.
It's trending.
It's Amazon Prime original, so I think they probably juice those numbers a little bit.
But it was anytime they do their own show.
But it was trending number one on Amazon Prime.
I started it, and it's like a murder mystery with a couple of psychopaths.
And I don't know how to end yet. I've not finished it, but I'm invested to find out the outcome.
I'll just say that. And I have not watched last night's Night of Seven Kingdoms. Please don't
spoil it. No spoilers today. We'll save all the spoilers for tomorrow when Outer Lumen joins me.
And we'll get deeper into it then.
But way past my bedtime, so I've not seen the season finale last night.
But I'm loving the lore, loving the...
I said in the war room, no other author can spin a story over 300 years and multiple generations quite like George R.R. Martin.
Joey, go ahead, GM. And other than our, our Iserman pronunciation, what,
what else brought you up this morning?
Yeah.
So on the hockey thing is giving the, I guess the,
I don't know if they call it the MVP or most outstanding players,
giving it to Connor McDavid over Hollabuck.
I didn't get that.
Not the biggest highway robbery in awards that we've seen.
And I don't know how long,
like how do you not give it to the USA goalie who had like a nine
nine 60 save percentage.
Like,
yeah,
I don't,
I don't know.
To answer your question. I don't know.
Now, again, I did not watch all the other games,
so my opinion only comes from the gold medal matchup.
He led scoring, but he only scored two goals.
Come on.
He had two goals, 11 assists.
He was great.
I'm not saying Conor McDavid wasn't great,
but the USA goalie literally shut everyone down.
USA does not win.
I'm certain USA does not win the gold medal without the goalie.
And pronounce his name so I get it correct.
Conor Hollabuck.
Hollabuck?
Hollabuck?
Hollabuck.
I think that's how it's pronounced.
It's spelled like H-O-L-L-E-Y-B-O-C-K or something like that.
I think it's Hollabuck is how it's pronounced.
I think I'm just going to call him Holley or Buck, one of the two.
But yeah, McDavid, I think it's named – you didn't win the gold.
You scored two goals.
Yeah, 11 assists is cool.
But you could argue that his teammate, Celebrini, with five goals and five assists,
might have been more worthy
if you're going to give it to the losing team.
It's just really, yeah,
I think probably one of the worst MVPs,
most outstanding players.
You got to go with the goalie who stood on his head.
Like, the one save,
I know it's not the greatest save of all time
as far as like one one save, I know it's not the greatest save of all time as far as like one single save, but as far as the magnitude of the game and, you know, that's like the equivalent of a game seven of the Stanley Cup or the Olympic gold medal match, a team that hasn't won a gold in 46 years.
Also says if it's not a series award it's a game award then
then it's got to go to the goalie i i don't just a bad i don't know who makes that decision but
yeah i i guess it was most right most point it was a new record for most points
in a single winter olympics in nhl era but again two goals like if he had scored like eight goals and had three assists
or something maybe I just come on you're giving a guy that scored two goals over a goalie that
stopped one of his breakaways stopped Celebrini's breakaway I think it was those two anyways had
two incredible saves on a breakaway has had the most insane save like behind the thing and
yeah the onslaught I don't know how many ended up with over 40 saves though in that
in that uh matchup including some that just yeah i know there is some luck involved in a game like
this a matter of inches but yeah he should have um he should have won mpp hands down go ahead joy
back in here yeah the uh and then the the other thing i was going to comment on was the um the last thing
you just said now my what was the last thing you said before you you asked me to chime in
regarding hockey or no but no after that i don't know i i completely forgot now i'm sorry i mean
mostly poker and hockey has been um yeah i can't remember. But anyways, sorry.
Zonko says, I think the success we're seeing with 9-7 Kingdom is almost similar to the success of the Seinfeld pilot season.
Oh, I remember now.
This felt like a pilot season with Seinfeld, obviously, on a whole other level, but can't help hoping we're going to see longer seasons here.
Oh, I agree. oh i agree and and they've already said like they they want to make multiple not just multiple seasons but going to do it in waves where i think we might get like three to five
seasons in the current era like the current ages of of dunk and egg and then fast forward until
like middle-aged or middle-aged egg get another three to five seasons and then fast forward to adult egg and
another three to five seasons and yeah i i'm here for it i am a big fan and we are actually discussing
potentially going back and watching game of thrones again just to like i actually am envious
i'm jealous of those who have never seen it before i've seen some takes on the timeline like i saw
someone i don't want to say anything i don't spoil for anyone hasn't watched it but people are like
losing their minds there were some things that happened in the original game of thrones and i'm
like oh man how great would it be to have not know like be able to watch that full series not knowing
what happens i think considering going back and re-watching it just to connect some dots to
house of dragon to knight of seven kingdoms and for those that aren't familiar
or not watching it's basically you have game of thrones and you have house of dragon which
take place 300 years before game of thrones and we have currently what's going on 97 kingdoms
which takes place about 100 years before game of thrones and while it's different characters
it's the same families and so you you get stories like grandparents and i
don't know it's just how the story is weaved in with these bits of it's not even like yes it is
character building and character development but it's like family tree development i don't know
how to best explain it it's i can't think another. I guess the only other thing I could think of in this vein would be Star Wars.
But even Star Wars didn't span as many generations as does the Game of Thrones world.
Go ahead, Joey.
I remember the blasphemy on J.R. Tolkien and Lord of the Rings and The Hobbit and all of that.
That spans multiple,
multiple generations. Like, I'm not saying I've never seen, I'm going to be honest, never seen
any of Game of Thrones, never seen any, like, I keep saying, I keep saying I'm going to watch it.
So I'm not talking shit about it. Cause I know it's amazing, but J.R. Tolkien and what J.R.
Tolkien did with, you know, The Hobbit and then Lord of the Rings and then Night of the and then they had the other the series that came out on Prime.
Like there's been so much.
So, again, I'm not saying what the Game of Thrones thing isn't amazing.
I've heard from everybody is.
But I think it's kind of hard to put it above what J.R. Tolkien has done.
I don't know, man. Hard to disagree. I've watched them both
Lord of the Rings is fine,
but it did nothing
for me like the Game of Thrones
world has done. It's just
two different levels.
Lord of the Rings is fine.
It's good.
They're not even
the same tier for me
also like last bit
we do got to get in some web 3 news before I bring our guests up here
in about 40 minutes
yes we could
debate Lord of Rings
Game of Thrones sure
maybe the best thing happening in TV series right now is the war between We could debate Lord of Rings, Game of Thrones, sure.
Maybe the best thing happening in TV series right now is the war between Breaking Bad fans and Game of Thrones fans.
I don't know if you haven't seen this.
It is pretty comical.
Sorry, I didn't mute that the so the last i think was the final episode of breaking bad it had a 10 rating uh 10 review one of the like the highest ever obviously for the longest time and then some
breaking bad fans started giving like one ratings on nine to seven kingdoms people were talking oh
it's just as good it's a better series blah blah and now there's this back and forth of like I guess
they're real but they're fake reviews they're doing it
it's like PvP from Breaking
Bad and Game of Thrones fans
so much so that Game of Thrones
official account just came out with a
like a video
it was pretty good
if they had to spend their ethos points
maybe they wouldn't be doing this to each other.
Right. That's right.
Yeah, I can't find it from Game of Thrones account, but it's quite entertaining.
It's stupid and pointless, but it's like, man, it gives me early Web3 vibes.
It gives me early Web3 vibes.
That's all I'll say.
It gives me early Web3 vibes for sure.
The PvP, I don't think, is the worst thing that ever happened here.
It definitely added some...
They were talking on Pingu, P-I-N-G-U space, earlier this morning about the mutant mint.
And that was inspired by...
Let me go grab it, actually.
Our guy, Jack GK, he published his interview with Luca recently.
And Luca was talking about how mutant apes and mini-naps, mini-mutants, and that was like his big, as far as like financial windfall in crypto, that kind of set him off.
and good interview from Jack.
And good interview from Jack.
I want to give that some love.
I want to give that some love.
James Hall says,
I think the difference between Tolkien and Martin is
Tolkien was actually in war
and saw how terrible and what damage it does
and Martin did not,
and the style of writing shows that.
Interesting.
I'm going to think about that more.
Dobbin says,
Lord of Rings is for kids
and game of thrones is for adults and i'm wondering if that's what james is referring to is that
game of thrones is more more gruesome and tolkien who had experienced war did not want to show that
i i guess i i need to unpack that a little more james if you want to add to that help me am i am i going am i am i catching what you're laying down there or no um
anyways we've went a little too far pain is probably in his uh behind the scenes shaking
his head that it's a guest day and we've got 23 minutes of cold open material but this is uh it's
all it's all current news we're're talking at least Olympics, I guess Game
of Thrones and Lord of Rings, not the most current, but nevertheless. Markets are...
They've recovered a little bit. Bitcoin went down below 65K. It's, as of this morning,
Okay, it's, as of this morning, back up to 66-ish.
66, 159, down 2.5% on the 24-hour.
ETH down 2.28%, it's 19.20.
XRP flat, BNB down a percent and a half.
Solana down 4.49%.
It must have lost 80, I'm guessing, as a local bottom there.
Hyperliquid down 7% of the day to 27%.
It doesn't feel great, but it just feels like more of the same.
We get a little bit of a pump, a little bit of a relief bounce that doesn't feel great.
And all I know is just volatility probably continues.
I'm not expecting anything to just rip or melt faces. Extreme fear still at 14,
or fear and greed in extreme fear still at 14, almost breaking into the fear. But just
nothing really to get excited. I mean, people got liquidated 200 million. I think I saw in liquidations once again,
the probably more, I mean,
NFTs are a little better story right now.
At least some more newer myths we'll talk about in a second,
but I just, we referenced this global uncertainty index.
Let me see if I can find a current chart
because until things kind of settle macro-wise, it's hard to picture markets really taking off.
And we have not just whatever is happening in Iran.
The U.S. now has more forces over there, I think, than since maybe like desert storm, would that make sense?
Um, like I, I'm not, I'm not hoping for war. I just, until either some sort of resolution
takes place or war breaks out. I mean, please don't take this out of context. It's just like,
historically war is
bullish for markets after the first, like it will probably be an initial sell-off if there's
an actual conflict breaks out and then things usually run for a good period of time. I'm not
hoping for that. It has bounced a little bit, like meaning be a little more certain. We talked
about it. We first brought it up. It was over a hundred thousand. That looks like it was back in September. So we didn't talk about that
recently. Now it's back down to 80,000 on this GDP weighted average. So I guess a little more
certain than uncertain, but still just until we figure out what's going on in Iran and now add
Mexico to the drama.
It looks like a war zone in Mexico after one of the cartel leaders was taken
out.
And then,
so you have all this jockeying for who's going to be the next leader.
And apparently it was the Mexican government combined.
I haven't seen this verified,
but I believe it was Mexican government combined with some support from the
U S government.
And they,
they took out one of these cartel leaders.
And now the cartel is like wars broken on the streets.
Buildings are burning.
It's just it's pretty wild scene.
They shelter in place alerts or warnings.
And there was people traveling who were supposed to go back from the northeast, from New York City or in that area.
were heading supposed to go back from the northeast from new york city or in that area
and had basically been stranded down there and are just having to lock themselves in the resorts
because you know there's this big snowstorm in in new york hopefully everyone's okay up there by
the way i don't uh i haven't seen anything too tragic other than it just looks like dumped on
with a bunch of snow last night more coming today and therefore travel is uh come to a halt anyways
between there's a travel ban in the Northeast.
My dad lives up in Jersey and all of them in New York and New Jersey, all the roads are closed.
They're encouraging people not to go to work, not to go out on the roads.
My family sent pictures from Staten Island and New Jersey.
They got hit really hard.
And they weren't even the ones that got hit the hardest.
Well, yeah, my brother,
my brother sent me a picture of the snow this morning. And he says, he says, wash my truck in shorts on Saturday. And then sent me a picture of the snow covered streets this morning. And I
go, how much snow are you expecting? It's such an Ohio answer. How much snow are you expecting? He says anywhere between 0.5 inches and 48 inches.
So very, very Ohio S not having any idea of what they're actually going to get hit
with.
And the wild swings.
I said,
I feel like I'm in,
I feel like I'm in Ohio with this week because we had good weather.
Weather.
It was like,
you know,
beach weather on Saturday and yesterday,
a little windy. And then it's supposed to like a crazy cold front today tomorrow uh not quite as cold down
where i'm at like it's like a low of 39 degrees tomorrow but up in a little further north of
of tampa they're calling for like in the 20s. So parents last Friday at the lacrosse game,
we're talking about we're going to bring some blankets for Tuesday's game.
I'm like blankets.
Like I'm going to break out the snow gear if it's in the 20s.
Like forget that.
That is, yeah, that is, you know, this is,
I get my dad awarded for attending a lacrosse game in 20 degrees.
I know this is also super soft to me, but that's what Florida does to you you move down here your blood thins out you get you get soft
hans w thank you very much for the big pingy tip over there greatly appreciate it uh speaking of
oh katie and her husband are watching game of thrones re-watching game of thrones every night
uh bfx also says best show of all time season eight does get too much hate um i i i would say that if it wasn't
and this is where not only does season eight get too much hate people often attribute that when i
when i give george rr martin credit it's people who ding him for season eight he had nothing to
do with season eight he i mean i guess you could say he hasn't finished the book so therefore it's his fault the first six seasons they just adapted
george r martin's material in the books to the show and it was one of the best series many would
say it was the best series of all time and then the ending let people down was because the show
runners dropped the ball the show runners basically created their own script their their own screenplay
drop the ball the show writers basically created their own script their their own screenplay and
i just no one like very few i don't i actually i don't know a single person that liked the ending
of game of thrones that says a lot for a show that was so acclaimed as game of thrones
usually it's like some people oh this was good this was great this was okay
it's almost unanimously regarded as a bad ending. And not to spoil for anyone, it's just I think they could have done a lot more with it.
I'm certain it won't be this ending that George R.R. Martin finishes with when he ever does finish the book.
But he's also starting into a couple other series lines, a couple other errors.
Before finishing the book, someone said, I heard this bold take take this morning that the book may be finished but
it's not going to be released until he he moves on post-humanist humanously because he doesn't
want to deal with the backlash if people don't like it um all that said markets i mentioned we'll
talk a little bit about nfts might actually i'll wait on them now at a high level and then we may
come back to it we will come back to it we bring our guest on at least to some degree but there was this big article that
dropped on future of ai and maybe one of the first took a yeah ai does everything we're expecting
and that's bearish type type stance satrini i believe I'm pronouncing that right. We'll pull that up here in a sec
and we'll dive into that a little bit.
Also, disclosures seem
seeming inevitable.
Imminent, I should say, rather,
here on X for paid
advertisements. I'm all for it.
I think it's
we went, it wasn't even like the InfoFi.
It was like pre-InfoFi and then maybe post-InfoFi.
A lot of big accounts just decided to stop disclosing their partnerships
and it's a bad look.
I think it doesn't help with the crypto PR reputation.
And Nikita, he took a shot at someone who posted a,
it was a Koushi ad and didn't mention it was it was a sponsored
post and he commented said add a comment that this is a sponsored calci ad or your account's
getting suspended and like they're going to add a disclosure button i think uh if it is a paid ad
and i'm for it i'm sure not everyone in the creates content in this app is for that,
but it's,
I think it's just,
it's proper.
It's the law in most places across the globe.
And I think it'll be good.
I think it'd be good for cleaning up the app,
just like it was good for,
you know,
elimination of the AI slot.
Today's news.
I will,
this is good,
good tie into NFT market update is Today's news, I will, this is good, good tie-in to NFT market update,
is today's news, Bored Ape Yacht Club NFTs attract new buyers in 2026.
Shout out to Welcome Apes.
Welcome Apes, I saw, like added 60-some new members in January,
already like 58 or 59 thus far in February.
And yeah, this is like from the Twitter news button about the new board of
Yacht Club members.
PB man had a post Stephanie,
not sure who this is,
but lifelong.
But if you know,
if you know,
you know,
not even going to,
I'm not even going to give the person credit,
but if you know, you know, I'm not even going to give the person credit, but if you know, you know the ape she purchased here.
It's so funny how our brains work because in my head, this will always be that individual's ape when I see it.
I know it's been owned to someone else who was pretty active with this ape on this app.
But when I see this, I always think of the, I don't know if you minted it or purchased it early, but definitely during the mania, there was a particular controversial personality who rocked this PFP.
And in my head, it's impossible for me to disassociate that in my brain, maybe someday, but not now.
But again, congrats on the ape.
And I'm going to have to search because I don't see.
I should know this when they're hosting
their weekly Welcome Wednesday,
looks like it was last Wednesday, so I missed it.
Anyways, this is what I was referencing.
Already welcomed 100 new apes to the Border Pied Club.
120 new apes. 61 in January.
59 already in February.
Again, if you've recently picked up an ape,
you want to be following Welcome Apes account. Lol and Dort and Marav all do an incredible job,
a great community-led initiative there, and we need more people like them in crypto,
in Web3. I think it's part of what makes this space so special.
Yeah, I'll talk about NFTs a little bit, sorry. i know i'm bouncing back and forth here but i do
want to get into try to figure out how much time i got with this citrini article because it is a
long read and so we'll do our best to summarize it for you thank you very much for the tip green
edge and uh yeah katie knows katie knows if you're curious what i was referring to you can
head over to abstract and katie uh katie drop the alpha uh Abstract is Alpha almost every day gets shared in there.
I appreciate all of our
chat
chatoers. So
real quick, looking at
looking at NFTs
Pudgy's up
2%, Ape's flat, it's
4.62, 6.10 respectively. Punks
down slightly to 29 ETH.
Hyper's flat at 493, although Hype lost 7% on the day.
Normies pulled back after their big pump, 0.05.
There's some mechanics here, some burn mechanics I saw,
like he customized some stuff.
I haven't dove in into this collection yet.
We talked about it a little bit on Friday.
And again, for a new mint that was near free,
even with the 25% pullback, still a good success early on.
Although I will say it's kind of like a game of hot potatoes.
Someone mentioned these new mints.
You never know.
Like Del Mondo's, it is up 9% of the day,
but it's down from where it ran up to,
I want to say like 0.15 a week.
Moonbird's up to 0.14, or 1.4, excuse me,
up 5% of the day.
Although I think it ran up to like 2 ETH on a big sweep.
Someone swept a bunch of Moonbirds that pushed its floor up to 2 ETH. And then you saw a sell-off
to bring it back down to 1.4 or a little lower before the pump. And then someone swept like
106 Bitcoin puppets, creating a little bit of surge over in Ordinal Land. Mr. Sheev is also
another new mint. I think this was a free mint.
If not a free, it was close to free.
It's .02.
yeah, Hizzy, I will
the X video is live, should be live
on the Coffee with Captain account.
I will grab that link here in a second
and pin it up top. But
Mutants, as we talked about, up 3% to 0.9.
And Quirky's also at 0.9 now.
Good Vibes Club at 0.89.
Those three, I think, are the...
If you had one ETH, you buy a Mutant Ape, a Quirky, or a Good Vibes Club.
If you have one ETH and you got to spend it on one NFT, which of those three do you go?
I had to think about it a little bit.
I hold a Mut a mutant so probably
it's gonna go and i also heard a quirky so probably good vibes club is my answer just
because that's the only one i don't have in my uh in my holdings currently i'm a big fan minute a few
and uh yeah i should have one i sold a couple a right play, but then didn't reenter fast enough.
Glitchy Bunnies was one that minted out here recently as well. It's .02. That's down slightly for mint. I think it was a .03 mint, if I'm not mistaken.
4.2. Yeah, activity. A lot of those that are really winning in 2026, whether these new mints or OG ones, the OG ones that are winning in 2026 are the ones that are on and moved to a royalty protected contract.
A little more foreshadowing there. Joey, go ahead and I'm going to go grab the Coffee with Captain live video feed while you do that.
I think it's the
interesting part, I think, about the NFTs is
like, I have the, like, I
drafted, I minted that netizen on MegaEth and
obviously I grabbed some Del Mundo's
and then, um, a couple other ones on mega ETH, but like, I, maybe it's just me, but I feel like
they're like the ones that are doing well are just the ones that are like for vibes, right?
Like Del Mundo's didn't really have a, I don't still don't think they do really have like this, like roadmap utility thing going on. Um, I mean, it helps that, you know,
is it TMA or TMA right? Got behind them. Um, probably a little bit. Um, the same with like
netizens. I don't believe they have like this big utility roadmap. Um, so is it,
is it just that like people are back mint,
like minting or buying for the vibes again?
I would say a little bit with netizens.
My take would be it's on,
you know,
it's a mega ETH collection.
And I think some people might be speculating that that ecosystem,
and when that ecosystem takes off it,
some of them are rewarded with airdrops, would be my guess,
or allow less access, et cetera, et cetera. So Del Mondo's and normies, maybe.
I'm curious what other things.
Is it, are we back to just the era of vibes
and that's what's sending NFTs
or is utility, which I'm pro NFT utility and access.
I think it got overvalued and which led to some utility debt.
I think people were buying NFTs in six figures expecting to get monthly or quarterly dividends for life.
And that just wasn't sustainable.
But I think, as we talked about a little bit on Friday, especially those, and I'm not saying royalty should be the only source of revenue,
hard to build a business relying on just that, but it's a great, it is, it can and should be a
great revenue stream, especially for those that are active, especially for those that are reinvesting
into their ecosystem, whether it's in the form of events, in the form of perks for holders,
in the form of events in the form of perks for holders in the form of with good vibes club buying
the vibester token so great question i don't know if it's just purely vibes and art related
del mundo's did some 3d sculpturing and some some unique stuff there uh people seem to really be
jiving with the art and the community obviously good vibes club also it's the only it's the only
merch i have that i'm certain is a royalty protected contract hence the this was actually a thought out uh t-shirt today going with
the vibes and the good vibes club merch shout out to that team not as not a they've never paid me a
dime they did grace me with an honorary good vibes club and gave me some free merch so if that's by
my love and attention, it did.
But it is not.
They've never paid us a dime to speak positively about them.
We have many, many times.
I just, I love how they're moving.
I love what they're doing.
And while, yes, it's primarily vibes, there is utility.
It's not just vibes. They're really leaning into, A, it's high quality art.
They're also really leaning into the you know the collector
mentality with those badges and and the vibes for flywheel and yes if you are holding if you
have those badges you qualify for the raffle which sometimes has been good vibes club i think the next
one dork correct me here i think the next raffle is that is the punk or when are they raffling off
the crypto punk that they purchased uh at the node. And then Hizzy, you should see...
I actually did post it. I'll put it up
right top or up top right now, the link to
the video chat or the X video feed
rather if that's where you
prefer to watch the show. That's
pinned up top now. Let's go back to Joey for a response
and then we'll bring in an idiot.
Yeah, I think
the same could kind of be said
about Good Vibes Club. I mean, I pay pretty close. I held a few of those yeah i think i mean the same could kind of be said about good vibes club i mean i pay
pretty close i held a few of those and i pay pretty close attention to their
to that ecosystem but it's not like they have this like you know the 2021 2022 we put this
big roadmap on our website and it's like q1 we're gonna do this and Q2, we're going to do that. Like, they're just kind of like doing stuff.
Right.
And it's not announcements of announcements and it's not like mystery and intrigue.
They just keep doing stuff.
Right.
To your point, they, they have the raffles for the badge holders.
They're coming up with new badges.
Like they have this open edition that I believe is closed now.
where it's,
you're right.
and I fully,
that's,
that's,
that's a miss.
I fully intended to planned on many,
one of those.
And I,
I didn't do it right when I thought about it,
got busy and yeah,
I think it closed on Saturday,
maybe Friday, Saturday, but like, so now there's
a new badge that if you mint, if you hold, I believe you have to hold a GVC and then
you have to mint the open edition.
And then they've said, there's going to be, they've hinted at kind of hinted, but like
almost said, there's going to be 12 of these things.
So I'm assuming one per month yep and then if you hold all 12 there's going to potentially be so meanwhile
announcement of the announcement i guess i lied they kind of do it but um that if you hold all
12 of these there could be something else so they're like there yes there's not this like utility driven roadmap but they keep finding ways to
to reward to keep you involved to keep you engaged right and then obviously vibester is
a huge part of the that whole thing and the vibe wheel there is there is utility
for holding a good vibes club but i think it's not it's not they're not leading with it. I think alignment
is probably a better word than utility, is they're bringing their holders and supporters along.
This used to be table stakes in NFT, PFP land, is that it wasn't just building in public. It was
if the brand, if the company, if they were doing something, if it was some sort of activation,
At the company, if they were doing something, if it was some sort of activation, you got some
advantage for holding said asset. Now, most of them are scared of that, it seems. And I use the
example of like, oh, if I go buy $100 of merch and I hold the asset, give me a free pair of socks.
Give me a free fanny pack. Give me free shipping. it doesn't need to be free stuff all the time
i'm not expecting magical internet money just show your holders that they matter think about
traditional loyalty rewards programs i got last time i ate at chick-fil-a it was free and i don't
buy that much chick-fil-a it's it's basically like quote-unquote fast food place i'll eat
and i probably didn't even download that app until like a year or two ago.
And I don't know why. I think I actually, I think I was ordering some food for my daughter and she was picking it up. So instead of just sending her money, I just bought it or
created the order and she picked it up when she got there. And then I immediately got one reward.
I'm like, well, I should, I should just use this app every time I order Chick-fil-A. And
I should just use this app every time I order Chick-fil-A.
And last time I went, I got a free sandwich and fries.
last time I went, I got a free sandwich and fries.
I did, dude.
I ordered Chick-fil-A this weekend and opened up the app.
Same thing.
They were like, you have a free sandwich for nothing.
Just for like using the app.
Here's a free sandwich.
No points, no nothing.
Just free sandwich.
Yep.
My, I feel very strong about this, that NFTs unlock more.
You can do more with the technology
than you can off-chain.
Let's lean into that.
It was a big deal when,
if you got a board A,
if you got into a gated merch drop.
Now, I know gated merch drops in itself
aren't the thing,
and I know they need to sell to people
beyond crypto and outside of Web3.
I get that.
But you can get first dibs.
You can get first access.
You can get discounts on things like free shipping or free socks, more of that and
move it forward. We talked about brand coins with RecCoin and how they're evolving the
traditional loyalty rewards programs. There's so much more that can be done with, with NFTs and these assets.
I would like to see more, more experimenting and more of that.
And Idiot GM, thanks so much for joining us.
What brought you up today?
Yeah, G Mizzle.
I'm actually out here scraping snow.
Did snow a little bit here.
I'm in like South Central Pennsylvania.
Not quite as bad as a little further North, but we got a, we got about four inches of
snow.
I just wanted to touch a couple of the NFT things that you guys were talking about.
Netizens, first of all, I only have one.
I sold one at the top, but they, let's see, they had a little pump.
It's a Charlotte Fang kind of embraced artist, right?
Which is kind of a big deal for that ecosystem in a sea of derivatives.
Most of them are not embraced by the actual
m'lady uh guy or gal depending on how touched in you are um i thought no sorry what was that
i thought for sure charlotte is a guy no yeah yeah yeah but a lot of people haven't some people
are paying attention more than others you know um but yeah shiro definitely definitely really
cool art i'm a fan of it. I'm probably
going to scoop another one here soon because I do kind of, I agree with you. Like there's not a lot
of NFTs on Meg ETH right now. They haven't TG'd yet. It seems like a good thing to speculate on,
although obviously nothing promised. But yeah, they did pump a little bit the other day because
there was a burn mechanic announced where you could burn five of these things and get a uh one-on-one commission by the artist it's kind of cool um
the glitchy bunnies i thought i heard you say that was a free mint i don't think it was a free
mint i think it was a paid mint and then i think they actually had to cut supply oh yeah yeah 0.03
i think is where they meant it maybe like 0.03 to 0.035 depending on what phase you're in i did not
realize they cut supply though yeah yeah they they did cut supply. Yeah, that doesn't mean they can't do well. I mean, obviously,
again, there's not a lot over on Meg ETH right now. That's kind of a derivative of bad buns,
which could do, I don't know. I don't have any, but speculate at your own risk there.
And then you mentioned Mr. Sheebs earlier. Mr. Sheebs are up a little bit because
the artist was actually on a space last night, answered a few questions. Granted, anything he
said could not be true, right? But he did touch a couple of the issues that people were concerned
about. One of the things was that the account had apparently been a couple other handles previously.
He says that that was his personal account that he ended
up rebranding and that's why so it used to be his personal account um and then he also said that it
is not ai art some people speculated that it was ai he's saying it's not ai um so you know there's
some people getting behind that i do have a couple of i have two of those uh full disclosure does it
matter if it's ai or not do people like i mean i know
some i think it does i think people want i think people want to touch something that like an artist
actually created i still think ai art although it can be very cool and it's getting cooler every day
i think there's something a little bit cringe about the idea that somebody just prompted
something and it's low effort i think the low effort implies that the person you know at the
levers of power are uh you know potentially not as as invested in the thing as they could be if they had put a lot of effort into the art, right?
That's fair.
Yeah, I guess.
Yeah, like, so yes, AI could be very low effort, like cash grabby art.
Or it can also be extremely high effort and countless hours go into making sure all the traits and everything lines up perfectly.
And I'm definitely not anti AIR, although it's again,
to me, very big difference between low effort AIR.
That's just a quick,
how can we make some money pretty quickly versus high quality?
It's also interesting. I just noticed,
like it says the contract was launched in October, 25. did he mention that like how's that happen uh he probably i think he did to be honest i was like
in and out i i wasn't paying full attention to that space but i was there to catch a little bit
of it uh and then saw the you know the floor move immediately after i mean i you know who knows how
these things will do it seems like people are kind of into this low-cost nft kind of thing
uh right now so I don't know.
I'm not saying they're going to do a Del Mundo's.
I do have a couple.
I got mine.
I'm already like a little bit more than a two X where I got mine.
Was it a free mint, Mr. Sheeb or no?
I think, but I can't promise.
I bought them on secondary.
I didn't mint them.
Yeah, I'd have to ask the guy that put me on to him and he ain't here right now.
The only other thing I was going to say is, I mean, you're – and I love you guys for this because I'm with you on this.
But you guys are always talking about, you know, the NFT tech and everything that you can do with it.
And I think the space needs more people like that in it.
However, I don't think that most people in the space right now are those people.
I don't think that most people in the space right now are those people.
And I think that's why utility of any sort creates kind of a glass ceiling on price action,
because it gives you something to value the NFTs on rather than just pure speculation.
And, you know, I just, unfortunately, we're just not there yet on, you know,
the people that are in the space and trading.
I do think we'll get there.
I 100% think we'll get there.
And that's why, you know, I always strive to stack up more of the blue chips,
the brands that I don't think are going to die.
Because I think just, you know, the utility will be there,
but also the fact that they have a track record and have legacy in the space.
I think they'll just be vanity items in general on a long enough timeline.
And I think, you know, that can skyrocket prices too. I just think like in the
short term, especially in the market conditions right now, people want to, people just want to
buy, you know, low price stuff that could potentially go up. And unfortunately, utility
kind of can limit that depending on what's going on. I mean, there's some exceptions, right? I mean,
like there's some chains like abstract where people like clicking buttons and stuff.
But, you know, and I'm with you guys on that.
Like I said, I'm always on Abstract. I'm always
clicking buttons. I have a lot of these utility
NFTs. I just, you know,
I just don't think the whole space has come around
to that yet, unfortunately. That's a good take. I guess
kind of where I net on it is
if I'm looking for a quick
flip, cool. No utility.
I'll flip it on momentum, on vibes, on volume, and that's fine.
But if I'm looking for a long-term hold, I'm not saying the others aren't good.
I just am not at a point personally where I need more communities or more digital art just to vibe with.
It's just me.
It's where I'm at.
So if I'm looking for something to where I'm investing in something,
I plan on holding it long-term, I'd like there to be an and there,
something beyond just the vibes and art.
But I understand that that utility, as soon as you introduce it,
it adds potentially a ceiling because then people are going to attempt to try to value said utility,
put a value, put a number on it, whether it be annually or lifetime.
And best part about this, collect what you want to collect, whatever you're into.
Personally, me, I'd rather have the utility component.
I'd rather have the potential for something.
And I think where you can have both is when there's activity,
when there's, whether it's new chains, it doesn't have to be just mega ETH,
but when momentum comes back and there's more opportunities,
the things that are, that currently have the motion that are currently getting the volume,
those are often the ones are going to be rewarded when it comes to access,
allow lists, et cetera, et cetera. Let's do this. I would like to go step away for like 90 seconds to refill my coffee. So I'm going to hand it to Joey. Joey, take it as long as you'd like. And then if I'm not back, maybe see if an
idiot wants to get back in here to counter whatever you have to say, but I should be 90 seconds or
less. I'll be right back. Joey, it's all yours. Yeah. On the comment of what what you're uh i can't see my ex it's
wigging out again i think i think your name's an idiot right uh the about like utility and stuff
with nfts i just want to clarify are we talking about pfp collections providing utility or are
we talking about utility in general for nfts because i think there are a lot of NFTs out there.
Well, the idea of programming utility into NFTs is,
is happening.
But I think when we talk about it on like this spaces and in general,
we're talking about the PFP collections programming utility, correct?
Yeah. Right.
Can you give me an example of what you mean exactly?
Cause I mean, look in CTt when most people say nfts and i know that that's not actually encompassing of the entire nft
catalog but you know just it's common jargon we're talking about pfps right that is what i meant
okay i i i figured i just i as somebody who works in, you know, in the space, like I don't like using the, I try not to use the term NFT as like when I talk about PFPs, because like we, so like we at BZ, we, we have NFTs, but our NFTs are tokenized collectibles.
protectables they're not so i think that like part of the part of what we need to do better
in this space in my opinion is start to segment out the different the different nfts that are
available so when we talk about them we're not lumping all nfts into this category of like oh
there's nobody here not that i'm not saying you're not wrong with what you said, but like saying like, oh, there's the people that are here aren't the ones or that aren't going to
be able to program utility or offer utility or whatever. When specifically it's like,
we're talking about people running PFP collections. Does that make sense?
Yeah, no, I agree. And, and, uh, that's a great example. I didn't know you were with BZ,
but that's awesome. I'm a big fan of BZ. Um, shouts out to profits and everybody else over there. Yeah, yeah, yeah. I fully agree. Um, I just, you know, I think, you know, the lingo, unfortunately kind of is what it is. And, you know, I appreciate that you want to make a delineation there. Cause I do think that's important.
I do think that's important.
Yeah.
Oh, yeah.
And I solely agree with you.
I think most people, even non-Web3 people, when they hear NFT, they immediately think of Boredate.
They think of, right, like pudgy penguins.
They think of PFPs.
It's just that the idea that a non-fungible token can be many things.
And again, it's not going to change anytime soon but it's just
something that i try to be conscious of whenever we're having these conversations of like yeah
can i ask you a question do you think it might be better not to like when it comes to something like
bz do you think it might be better for the onboarding of people to a platform like bz to
not use the crypto terminology though at all you don't call them NFTs on BZ right
so like I don't know I mean I mean not to be facetious but like it you know I just think you
know making that delineation I agree it's it's kind of important to be specific with language
but also sometimes for the good of like the ability to onboard people to a platform just
hiding the entire crypto rails like the crypto rails for a platform like bz is not really the point right like so i
don't know maybe it's maybe the phrase nft could be a black mark almost to a lot of people on that
for sure i agree and that's why when we when we describe like the process in our like in our
description of the process it's the asset comes into our vault.
A digital twin is created, right? Like we don't say, you know, uh, an NFT is minted on the
blockchain. Well, like we don't say that stuff because the reality is, is that people don't care,
right? Like, and to your point, if you start using some of that jargon it'll turn
people off so i agree with you 100 it's just in these conversations when we when we make statements
and i'm not saying you're wrong at all i'm just saying i think it would be helpful if we start to
change the way we describe things and say like i don't think PFPs right now, you know, PFP collections or PFP founders or
whatever versus just NFTs in general. And I know, I know what you're saying. Most people,
that's what they think, but I think it would be helpful for us to start to change that,
that moniker. I agree. I think we need a new moniker. I like, so coming out of Art Basel,
it was very clear to me that digital art greater than sign NFTs.
We need to start calling it digital art instead of NFTs.
People, the normies, no pun intended to the collections.
I look at top royalties by collection over the last seven days and they've generated over 40K.
Second, right behind them is Del Mundo's, another new collection.
And then third is Mr. Sheep.
This is insane.
Sorry, we're going to get to this in a minute. Digital art is a much better way to describe a Beeple than calling a Beeple piece of art an NFT. I think what's missing is, and with RWAs, whether it's a digital twin
or a digital counterpart or a digital asset, also makes sense when talking about things like BZ.
What do we call Bored Ape?
What do we call...
Can I play devil's advocate here?
And I agree with you, but just to play devil's advocate,
a phrase like digital art,
when you hear about art,
do you think about an artist and the piece of art
or do you think about a community behind the artist and the collections that i guess what
i'm getting at is when you hear the phrase nft or even if you want to say pfp i don't know when i
when i hear the phrase nft it implies to in my brain still, a PFP with a almost cult-like community of potentially thousands of people that are going to push this thing and be super fans of this brand.
The second you start saying digital art, I lose all that extra connotation and I'm only focused on the thing itself.
Does that make sense it does
that's my exact point is like so i think like it's fine calling a people digital art because that's
it is it's just art that's on chain but i think when it comes to these nft pfp community collections
and and therefore communities we need it's it's more than just digital art. Even something like Good Vibes Club,
which is really good, high quality digital art, whether you're into that style or not,
like the details, it's real good digital art. It's very different, in my opinion,
than... I know Beeple, there's a community of people that love Beeple. Sure. Very different than, to me, the two are not the same.
Just like, I like my PFP, but calling it digital art does not describe it.
And I also think NFT PFPs are the best.
We need a new descriptor for what we here call nft pfp collections i don't
yeah and even with people i would be shocked and maybe there is i could be wrong but i would be
shocked to find that there's a group chat on twitter of a bunch of people sharing their people
posts or like interacting with each other on a regular basis every day. I think that is digital art, right?
But it is different than what we're doing
for the most part on CT.
I agree.
I wholeheartedly agree.
And I think there's an opportunity there.
We need help with the rebrand.
We need help with the...
We need some PR help in NFT, PFP land.
Where's Steve Park when you need him. Yeah. Right. Real quick.
I have to mention, uh, Diablito,
it's not lost on me that a day after the U S knocks, uh, Canada off for gold.
He's picked, he's posting three, uh, picture of three bald Eagles. Uh,
thank you for that. Uh, and then, uh, proof out DJ,
I saw your hand flip. We do have our special guests here.
I want to bring them in here in just a matter of minutes.
So you've got a quick 30, 60 seconds, quick lightning round and we will we will move on.
You know, goodwill. I can't do 30 seconds. I'm just kidding. Digital art.
I think this, man, any movement, any movement of significance in the world, in history has had resistance.
And I think we are moving towards digital art, NFTs, blah, blah, blah.
And I think we are moving towards digital art,
NFTs, blah, blah, blah.
Whatever you don't want to call them,
it's going to move that direction.
And that resistance,
we're going to always have a resistance initially.
I think it's going to get adoption.
I think it is going to go forward.
That's my 30 seconds.
Appreciate you.
DL says, if it's just art, call it art.
No need to have the digital.
Valid.
Dora adds, those communities do exist for XCopy big time.
I know it's not just because of Grifters,
but does, Dorit, do you think that Grifters,
the XCopy PMP collection,
has something to do with those communities,
not just existing,
but being maybe as vibrant as they are today?
Would those X copy communities exist if it was just, you know, the X copy one of ones or the
small additions? I don't know the answer to the question. Here's what we're going to do though.
As we segue, I mentioned this article. I'm not, we're not going to get into it today. It's an
extremely long read. So if you're not into reading 10,000 plus word essays on X, my recommendation,
here's the alpha is go grab
the link. It is pinned up top. You can go grab the article and drop it into Notepad LM from Google
and have it create a podcast for you. And you can read about the 2028 global intelligence crisis.
Kind of a cool format for an article where it basically, you can see here, it actually,
I don't know why it shows it here. When I first looked at, oh, here it is. So it's got February 22nd, 2026, and they strike through that and they
call it June 30th of 2028. So it's written from the perspective of June 30th of 2028.
And the TLDR is the bullish thesis on AI happens. Everything's automated, productivity, efficiency is high, but yet it's very bearish for humans and the economy, et cetera, et cetera. I'll leave it at that. I think the reality is it's probably somewhere in between the doomers and those that think we're all going to be extremely wealthy and never have to work again.
those that think we're all going to be extremely wealthy and never have to work again. So with that,
yeah, he says, Dora says, yeah, the grifter ownership brought people together and they
celebrate the art. Also, Doomedow brought people together to buy together and discuss the art.
I still think we are, you know, maybe like, so our special guests we're going to bring on here
in a second, they're bringing back and then pushing forward the NFT,
not just NFT PFPs,
but this will probably focus on a little bit
in terms of royalties.
They're bringing back royalties for sure.
Then after they get this solved,
the next thing maybe they can work on solving for us all
is DAOs.
Because I think DAOs theoretically, conceptually,
made sense, reality and execution-wise,
other than those that were just purely to collect art,
very inefficient, didn't work.
We saw struggle after struggle,
and I still think there's an opportunity at some point
that we could see a DAO 2.0.
I'm not sure exactly what it looks like,
probably a bigger brain than me,
but someone that I know was actually two individuals I I know we're very involved and deep in Dalles.
Mr. Aaron Habert, Ernest Lee. Welcome to the stage, gentlemen. Honored to have you joining us today.
Super excited to talk about Unvault and Divot and all that you're building.
Truly mean it when I say pushing the space forward. Honored to be partnering with you all.
Yes, this is a sponsored interview but it's
not just because they were willing to support us financially it's something i'm extremely
passionate about i've been beating the royalty drum long before this uh we went into it deep
on friday uh with another guest and i i just said i'm just going to flash this chart and then i'll
do a proper introduction.
I literally went and looked in real time as you're having the conversation,
and my reaction was a genuine reaction.
I'm floored, and in the last week, you see here's top revenue.
So Normies, Pudgy Penguins, Bordy Piat Club.
These go down a little bit and look at top royalties over the last week.
Brand new mint, brand new mint, brand new mint.
OG mint that's moved to a royalty protected contract.
A mint from about a year ago that has royalties protected.
What don't you see on here?
In the top last week, the top royalties, you don't see apes.
You don't see pudgies.
You don't see moonbirds.
Despite them doing the volume sales, like people are buying them.
Volume last week, pudgies are number two. Apes, number three. Then you got a couple of ordinals. But just wild to me that, I'm sorry, that was trading revenue. Looking at volume,
it goes Pudgy Penguins, CryptoPunks, which has always been free,
Eaps, number four,
Little Pudgies, number five.
It's just wild to me that we're seeing this
where you've got brand new collections.
Like that's 40, like, is it sustainable?
Are they getting more because they're new and it would
just minute out and you're seeing some flipper volume and some position yeah sure but go look
at the last month last month you see del mundo's good vibes club then you got pudgy then you got
board api club then quirkies again then normies i don't think it's been out a full month yet
then moonbirds and i'm not knocking board apes I'm not knocking board apes. I'm not knocking
pudgy penguins. I'm not knocking Moonbirds. But I hope some people of the team listen in today to
hear from Aaron and Ernest on what they're building at Unvault. Not just Unvault, but what
they're doing with Divid is also revolutionary. They've got some patent pending protected
technology here that have teams move to road to protected contracts. Sure. Look at Quirky's,
have teams moved to road to protected contracts?
Sure.
Look at quirkies, case in point.
It's difficult, requires dev.
They're making the process simple
for anyone that wants to make the move.
And not just simple,
I think the way they're doing it is very powerful
because you still,
well, I'll let them get into the details.
Without further ado, Aaron, Ernest,
welcome to Coffee with Captain.
Appreciate you being here.
Excited to not just have you on today,
but have you on a couple of times in the future, as well as some of the teams, some of the business builders you're working with.
I'm going to be kicking off an upcoming segment here. If you've been around for a while, you might have, you might, we've done some builder on that ecosystem. Here, we're going to have the opportunity to bring on and highlight builders who happen to be building in a world of royalty protection and what they're doing with those extra funds.
But not further ado, Aaron Ernest, welcome to Coffee with Captain.
Appreciate you being here.
Good morning from Las Vegas and Hurricane, Utah.
Utah.
Today, I learned.
I did not know Ernest was from um i i'm a big fan i need
this like if we're gonna get snow in florida this week i may as well just jump on a plane and go to
utah and enjoy the snow uh versus being mad about it but uh big big fan i actually lived in lived in
north florida for about 13 years up near lake city. Okay. So I moved to Utah about two, three years ago.
Can I ask why?
What took you to the mountains?
So I own a couple different companies.
One of them is a motorcycle company.
And I asked everyone at all the companies to decide where we were going to have a home base.
And everyone kind of threw locations in the hat.
And so I spent a year having fun, traveling to a dozen locations all across the country, trying to figure out where we were going to go.
And I settled on Hurricane Utah because it's close enough to Vegas that I can shoot down to Vegas in two hours, an hour and a half if you're driving really fast.
But it's close enough to California
that I don't have to be there,
but we can distribute motorcycles to California,
which we do about 30% of our bikes.
And so, yeah, it was a good location.
Do you mind, before we get into Unball
and Divot and everything you're doing,
do you mind both of you?
Because I don't want to take for granted
that all of our listeners here
are familiar with both of you
and know your backgrounds,
but you mentioned like the motorcycle company.
And I think you're doing a lot of really cool things on chain and helping a lot of other builders here move their businesses forward.
But do you mind expanding a little bit, filling in some of those dots on your background and also, you know, maybe hit on Decrypted and what you're doing for those.
I mean, we're wearing tax season here, so there might be some listeners that might need a little bit of advice on that front as well.
But we'll go Ernest first.
And then Aaron, do you mind just filling in a little bit?
Whatever you want to share background-wise, not prying.
But yeah, anything you'd like to share in terms of background and kind of what maybe brought you to this point with Unbalt and Divit?
Sure.
I'm Ernest Lee.
I'm an attorney and an accountant.
Don't hold it against me that I'm an attorney, but I have Board Legal,
which is a law firm where I help business formations, trademarks, stuff like that.
I have a motorcycle company. Everyone's talked about that one. I own Combat Motors.
I bought the company. It had another name. And I reworked it.
And Aaron's laughing.
And so I'm a serial entrepreneur, retired military, retired Army infantry, and medically retired.
I had a little accident.
But yeah, I've owned companies since I was 18 years old. And so I've unfortunately taken until I was 50-something to just get really good at it.
But yeah, I've gotten pretty good at building businesses.
So Aaron and I ran against each other for the 8.0 Special Counsel.
And we became friends.
There was a point there where we were both in the running,
and I had a lot of votes that I had bought.
I owned the ape that I voted, and I thought that that wasn't fair,
and so I went ahead and I gave my votes to Aaron.
and I gave my votes to Aaron.
He ended up endorsing Labam for 8.0 Special Counsel that time.
And so we hit it off, became friends,
and we started Board Counsel back in the end of 2023.
2023?
2024.
End of 2024.
Yeah, sorry. Yeah, sorry.
No, sorry.
I think something happened post-COVID
that it's near impossible for me to figure out.
I remember 2021, what happened then.
You could tell me something was three years ago
or seven years ago,
and I'd have to really think about it
to know which was which.
But yeah, it's been somewhat of a time warp.
It's been less fun after 21, 22.
Might have something to do with it as well.
Time dilution is real.
I agree with Otis.
Real quick, you mentioned Combat Motors.
Not just any motorcycle company.
These things are maybe not one of ones,
but some pretty high-end, bespoke, really custom stuff
that is,
if you're into motorcycles, go check out combatmotors.com.
One more question for you, Ernest, and then we'll get Aaron in here as well.
You mentioned serial entrepreneur since 18,
took you to a little older in life to figure it out.
Not to be cheesy, but you see it a lot.
If you could go, this question anyways,
if you could go back to your 18 year old self, what's, sometimes it's not what you would do, but what you would not do.
What's maybe a singular piece of advice you could think of something that you would tell your younger self in the world of entrepreneurship and business that you've learned the hard way maybe,
But what would that piece of advice be if you go back and talk to your 18-year-old self?
but what would that piece of advice be if you go back and talk to your 18 year old self?
I would not mix business with family.
That's my biggest thing is that I did for a while, I ended up firing my brother.
I ended up actually having one of my managers fire my brother because he didn't show up to work one time and we didn't speak for years.
I hate that
I hate that.
but just
my first business was a taxicab business
that I was in with my dad
and we were at each other
all the time
and it didn't work well
and so I feel like
business and family
should be separated
yeah
I would agree
I'm not going to go there, but my wireless venture and then my phone repair franchise, more so in the phone repair franchise, my ex-wife was involved and it was a bootstrap startup we had ups and downs and ultimately
accomplished the vision the goal it's um we had a big took a big swing and ultimately it worked but
um inevitably it added additional stress and pressure in our relationship because
there was there was just like i was always wired I was doing, I couldn't turn the switch off. Like I was always – even though I was there, you know, dinner or kids game or something, I mentally wasn't there often.
That was a me problem, but it was just – it's very difficult to separate the two, right?
It's very difficult to go hang out with family and enjoy a dinner or a night out and not think about or talk about your day.
And sometimes it's not always a good conversation.
Anyways, yeah, I would agree.
That's probably the same advice I would give myself is keep the two separate,
especially relationships on the significant other or husband.
I know there's power couples, husband and wife teams,
but yeah, I would run it back differently if I could.
Look, I just fired my five-year-old.
Coffee is absolute crap.
I was like, get me some coffee.
It's disgusting.
Gone.
Gone.
Go back to your room.
You're punished.
I get it.
Yeah, I would.
Actually, I probably should have put my kids more to work than I did.
But I will save us, Aaron.
Tell us a little about yourself now that we've somehow managed to bring ex-wives into the conversation this morning.
Tell us a little more of your background.
I mentioned DAOs.
I had forgotten the two of you ran against each other.
And as soon as you started saying that, I vividly remembered then the delegation of votes. And yeah, tell us more about your journey
for those who might not be familiar
and ultimately what led, from your perspective,
what led you to Unvault and Divid
and ultimately partnered up with Earnest.
Yeah, during your introduction,
you said maybe they can sell DAOs.
And I'm like, haven't we done enough?
Haven't we done enough with the DAO?
We are solving royalties.
We are solving cross-chain distribution.
You want us to also solve Dow's?
Okay, we'll work on Sunday this week.
Okay, fine.
You got it.
I know we're kind of joking there,
but are you completely done with Dow's?
It was a failed experiment.
Or do you kind of agree with me that there's something there
that I actually am optimistic. i think we might we i think
we will see a dow 2.0 i i think ai agents might play a big role in like the administration the
a lot of the stuff that is gets like the bottlenecks if you will i think it could be a lot
more efficient and maybe you see some more momentum there but are you like 50 50 i don't know are you
still bullish dowOs in the
future or it's over? And whether you're involved with it or not, I'm just curious, like your high
level, do you think DAOs have another shot, I guess? The great thing about Unvault and Divot
is that we literally can work with any collection or entity. And so DAOs, bring it on. And by the way, I want to talk about myself too. I mean,
Ernst's got a chance. I want to talk about myself. But with Unvault and Divot, anybody can come on,
whether you're a DAO looking to pick up more members and more activity, or a collection that can do the same thing across many different chains.
Yeah, so why not?
Thank you, Dort, you as well.
We're not going to...
Look, DAO's...
Listen, I've been trying to talk with snacks.
Yeah, I'm a proud member of the Pizza DAO.
And absolutely,
Pizza DAO snacks should come aboard.
And yeah, long live DAOs, absolutely.
Yeah, quite frankly, just like NFTs, I think they're going to evolve.
There's going to be an iteration that I don't think, I mean, NFTs aren't going anywhere.
And it's very similar.
I think DAOs aren't going anywhere.
There is a lot of good examples.
I think we maybe just got a little over our skis.
We got a little too, not even just like valuations,
but too quickly making them more than what they really were.
And, you know, PizzaDAO is a great example
of one that's a thriving community
that's been around, I think since 21, 22.
And it's hard to go to a
crypto conference or an in-real-life event
that's related to this space
and not have a side event
that's sponsored by PizzaDow.
Shout out to Snacks.
I've done events.
We had comedy shows
at the same
event as PizzaDow
and we had to
stop doing comedy shows at the same events as PizzaDow, and we had to stop doing comedy shows
at the same events as PizzaDow
because they were too insane.
People couldn't pay attention to the comedy shows
because snacks and crew,
and I say this with love,
are too insane.
If you have ever a chance to go to a PizzaDow party,
go to a PizzaDow party.
It's fantastic.
And Cap, even though we are sponsoring these segments,
I did not have to pay to hang out with you in person multiple times. So we go back. It's been
fun. I don't want to say like, oh, I think people know me and know Ernest, but I've been full-time
Web3 since 21. I used to do a daily
show. So kudos
to you, Kat, because I know how difficult it is to do
a daily show. I didn't
enjoy it. I stopped. You were on
episode, was it
1021 or something?
I mean, 1100.
Yeah, 1100. We just toppled over
1100, but it's okay. I won't hold it
against you for sure. Congratulations. No, thank you. I appreciate toppled over 1,100, but it's okay. I won't hold it against you for short.
Congratulations.
No, thank you. I appreciate it.
And by the way, I remember, I brought this up to a founder last week. I remember getting yelled at. I'm not going to say by you. Let's just blame Steve. I remember getting yelled at about saying royalties and migrated contracts should be tied to club utility, events,
all kinds of things like ask people to migrate and those that do, give them the perks.
Yep.
And no, how can you?
Why?
You know, and so, and again,
I'm taking time away from myself to talk about myself,
but I want to say that I think it's very important.
I think royalties are very important. So my point that I'm coming to is that I'll it's very important. I think royalties are very important.
So my point that I'm coming to is that I'll,
sure, I'm born and raised in New York, okay?
Lived there for a very long time, Manhattan, et cetera.
Comedian for 30 years.
Trained in Chicago with the Second City, IO.
If anybody wants to look up Del Close,
I trained with him, ran my own comedy business. I was a serial entrepreneur, just not, uh, in the same vein, you know, comedy wise. Um, I actually met my wife doing comedy. Uh, she was a comedian
too. We got married at the Friars Club in New York. I used to teach comedy at Princeton University. And then we pumped out a bunch of kids and said, Manhattan life is not for us.
And so we loaded up the car, moved out to Beverly. No, well, we did live in LA for a couple of years,
but ended up in Las Vegas, which I actually love living in Las Vegas. I minted my ape
love living in Las Vegas. I minted my ape in Las Vegas. Um, so, uh, been here for since, uh,
17, um, you know, throughout the whole pandemic throughout the whole, you know, big, uh, push
for NFTs. And one of the reasons I got into NFTs, by the way, is because, you know, being a comedian
for almost my entire, well almost my entire adult life,
comedians get treated like shit all the time.
It's very hard.
You know the big comedians, but there are thousands,
probably tens of thousands of comedians who are just struggling.
And when I heard about NFTs, I thought,
here's a way for artists of all kinds to gain royalties on their IP
without giving up true ownership of it.
Now, PFPs, digital art, yes, you can give up ownership of it, and that's fantastic.
But when I first came in, that was the big pull, royalties.
And then you find out after you're in the space for a little bit that royalties are
a little bit, that royalties are just a social contract. They're not built in. But the social
just a social contract.
They're not built in.
contract in 2021, 2022 was sacrosanct. No, that's not the right word. Is that the right word?
That's too big of a word for me. I need Steve to help me out with that one. That's a new one.
They were concrete. If anybody didn't pay a royalty, it was like, hush, hush, OTC. You didn't talk about it because you were ashamed, right?
And then the space started to turn a little bit into code is law, right?
And then you had a couple of collections.
You had one collection in particular, I think it was D-God, say, forget royalties.
And you had one NFT trading platform in particular, I think it was Magic Eden, say, yeah say royalties are going to be optional for this collection.
Then it spread out to other collections.
And OpenSea said, well, we're losing trading volume,
so we're going to do it too.
And then it became sort of a race to the bottom.
And listen, I am like 25% degen on my grandfather's side.
Okay.
I love making money with NFTs and,
you know,
it used to be comedy.
Now it's NFTs and digital stuff.
I get,
I want to make money too.
I love degens.
That's fine.
But once we go full degen and we click the button to turn the pictures off,
right.
And we say,
we need a hundred percent of this as opposed to
97.5% of it. We've done the experiment. We see where the market goes. And it's not just royalty,
but the switch to full degen with the trading platforms chasing after that, with the collections
the trading platforms chasing after that with the collections,
having to figure out monetization without any royalties coming in.
We see how that has worked out. And the answer is not great.
Is it the only thing? No. Is it a big thing? I think yes.
And so after a while,
and I got into NFTs in 2021 when all the comedy clubs closed and I lost all my gigs.
And I decided, let me learn a new career focused on writing, but also really focused on NFTs,
which I looked at in 2017.
I was like, this is really interesting.
And then kind of like forgot about it again until 2020.
Got full-time.
Ended up meeting Ernest
2023-2024.
We actually met in...
Was it Austin?
We did. We met in Austin.
I think it was Austin.
What brought you together in Austin?
Well, I was doing the comedy show
during Consensus
and Ernest just goes to all the
events and we were running and
it was during the time we were running against each other we met up for coffee
and um unfortunately not with captain and we hit it off i shared everything i knew about
dows about about the space earnest is very smart obviously And we hit it off. And it was not too long
after. And Ernest, I wish you would
have let me tell the story about you giving me your
votes, because I think it's better when
I tell it, you know, as
opposed to like, hey, I did this great thing. I could say
Ernest did this great thing. It was really, really
selfless.
But I said, you know, we should work together. And it took
me about six months of
nudging Ernest every once in a while and go, we should work together, we should work together. And it took me about six months of nudging Ernest every once in a while ago. We should work together. We should work together. And then finally, we decided to work together.
could not get a bull on the block during mint.
It was a huge gas war.
And then I ended up, you know,
partially owning the whole collection with earnest.
So that was not on my 2024 bingo card.
But that was really cool because I love the history of NFTs.
And then we kept talking about royalties.
And, you know, how do we monetize?
How do we help the community? And it just came to a point where we said to each other, well, it's not legal to share royalties with your holders. It's a security, you know? And we said, well, okay, fine. So is there a way that
we can have the holders sharing royalties with, you know, in a legal way? And so, you know,
Ernest being a lawyer, me being a creative genius, Ernest is as well, we came up with this idea
called the divot
where collections
take a certain percentage of royalties.
Some collections have done 50%,
some have done 100%,
some have done less.
And they put it aside.
And if you are a holder
of that collection
and you follow their rules,
which generally are pretty simple, like don't list, right?
Then per NFT that you own, usually, you get a certain percentage of those royalties.
Now, it is because you are licensing back your IP, you know, your art, your character to to the collection to use in social media posts.
Good morning from my weirdo character.
They're not going to take you and open a restaurant
or put you on beer, although that would be cool.
It's minor things.
And even if you're not used,
even if your PFP isn't used,
you still get to earn part of that pool.
And so at the end of it,
if the collection is given away 50%, you're getting a piece of that 50% for being in that divot pool. Voila, you can share royalties and not go to the pokey, not have the FBI knock down your door.
And so that is the divot.
And we've been doing it just,
Ernest and I,
LiveFast has been helping us with the numbers.
God bless LiveFast.
But we are now in the finishing phase of having quit audit the contracts
because quit is the best, right?
And we're about to launch
the Divot Unvault system,
which is a basically automated dashboard
where a collection just signs up,
says, okay, here are my rules.
Here's how much I want to distribute.
Here's the frequency.
It can be as long as a year,
which I don't recommend.
It could be a quarter.
It could be a month, a week, a day,
or even instant upon sale
of an NFT. Oh, this NFT just sold for 10,000. It has a 1% royalty. 50% of that is going straight
to the divot holders. Boom. It just happened. My favorite game is going to be just checking my
divots all the time. Oh, how much should I get today?
How much should I get today?
That's the divot in a nutshell.
Okay.
Ernest, did I forget anything about the divot?
No, sir.
Well, yeah, the divot is a secondary royalty.
You covered that.
Oh, but also the divot strategy.
Yes.
Which I've got to give Ernest credit for.
And also our,
you know,
we are,
we are partners as well in a different company with a simple farmer in
clutch labs.
And we were all thinking about this.
We were thinking about it a little bit first,
but you know,
along the same lines,
you know,
a divot strategy,
which is that your collection cap, you know coffees little little cute coffee
cups i'd buy that um they uh you can give let's say 40 back to holders in the form of a divot
which is just i got paid right uh but then 10 maybe or whatever percentage you want can go
towards buying back the floor just like a strategy coin no coin it's just taking that royalty stream buying back the collection and then deciding
what to do with it do you relist for 20 50 over do you vault it and keep it do you
lock it up forever burn it you know what do you do with it? And the sales from those NFTs
go right back into
the strategy.
So it's
a way to pick up the floor.
It's fun
and give back to holders.
But also, those sales create more divots.
So the divot
strategy is creating more divots for the
holders and for the strategy.
You mentioned Simple Farmer.
I think the last time he was on the show, I used the example of hypers on Hyperliquid.
And they do token buybacks.
They buy back the hype token with the revenue.
Very successful perp decks and generate a lot of revenue.
And I'm assuming it still holds true today with 4.6 listed but but we did the math
and the amount if they just took one day out of the month and instead of buying hype token bought
hyper floor there would be no floor basically like one day of revenue would buy every single nft
listed uh on the market this is the back when we did the math then. It could have changed now, but...
Necessity is the mother of invention, okay? And God bless Tokenworks and every other scheme.
And when I say scheme, I mean the British sense, not like the James Bond villain sense. But
every scheme that innovators, founders have had to come up with to try to monetize because nobody will pay royalties
anymore. Right. There've been so many, and some of them are really great, but when push comes to
shove, just, just use the divot, give people back money, let people go divot shopping for the
collections that are enabling the divot and just, just get royalties back. And the thing is that Ernest and I,
we've created this new infrastructure,
not just because we're evil geniuses, which we are,
but also because we truly, principally believe in royalties.
From a principled point of view, we believe in royalties from a principled point of view.
Same.
We believe I've been on royalties for years.
Cap, you had mentioned the top collections in the last seven days on royalties.
And I pulled up a little script that I borrowed and rewrote.
And Pudgy Penguins has missed out on $62,000 in royalties in the last seven days.
Jeez.
In a week.
In a week. Little Pudgy's has missed out on $62,000 in royalties in the last seven days. Jeez. In a week. In a week.
Little Pudgies has missed out on $22,000.
Milady's $18,000.
Moonbirds, $8,000.
Azuki's $8,000.
Doodles, $7,000.
Ford API Club, $7,000.
At a 1% royalty, they would have had $7,000.
It's wild.
It really is wild.
I mean, Dippet, very cool concept. I love it.
You talk about utility, and I was
saying earlier before you guys jumped on, I was like,
why should I hold this asset?
Beyond the
this is a cool collectible,
what other reason
to hold, other than speculating a number
might go up and access and all that
stuff's important, but a legal way
to share in that royalty stream is a major deal and you're you're talking earlier about the marketplaces and
magic eden deciding to go optional and blur farming i think a lot of people will attribute
blur farming in the incentivized bidding is what led to the ultimately the decline in NFT floor prices. While I don't dispute that,
I think maybe as big,
if not a bigger of an impact
in terms of the state of NFTs today
wasn't just incentivized bidding
and that blur farming season,
but it was that's what led to,
quite frankly,
not the elimination,
but the significant reduction in royalties.
And I believe that's at
the the crux of why a lot of these nft pfp collections have went away from alignment with
their community and stopped providing utility because they in their mind if they have other
revenue streams i think previously they're like oh we're generating x amount of royalties we can
re-invest that into the ecosystem and then once those royalties went away, instead of looking
for a solution like this, they just said, hey, it's easier for us not to, we're just not going
to offer any utility. We're just going to be in our collection. And again, to each their own. But
I think it's such a big deal on many levels. I agree with you from a principled standpoint. One
of the first things that got me so excited about NFTs was creator royalties, was secondary royalties,
whether you're talking to bootstrapping a startup business or just an artist who's putting some of their art on chain and be able to win as they grow in their career down the road.
That was a big deal for me.
Am I right?
I remember, Cap, being in a space with Beeple back then, I think it was 21.
Well, it wasn't a space.
It was a clubhouse room or whatever we called it.
It was a clubhouse room or whatever we called it.
And he had sold an early image just before his big, big, big, you know, $69 million everyday sale.
He sold one image for $60,000.
I think it might have been like $66,000 or something.
And then he had a 10% royalty.
And the buyer turned around and sold it for $6 million.
And trustlessly, automatically, right into his wallet, he got $600,000.
And he was just talking about how the promise of royalties was really working out.
You know, his holder got, you know, like $5.4 million, you know, and quite a big, I don't want to call it arbitrage.
It's my DJ brain, but quite a big profit.
And the artist got paid, right?
And now we say, oh, well, people, he's made a hundred million dollars in sales.
He hadn't at that point.
That was a big, that was a life-changing big deal.
But we also know, you know, founders who struggle every day, who grind, who never left, but they can't monetize.
I know founders from pretty well-known collections that they had a pump and they made a million dollars in trading volume.
And they got like maybe 1% of the royalties because somebody actually paid them.
And they said, yeah, I mean, we're happy.
That's great for the people that sold, but we're not able to do anything for our community because of it.
So the divot comes from, I want to make money on things that you and all the listeners, how many dead things you have in your wallet?
Right. Thousands. Thousands. you and all the listeners, how many dead things you have in your wallet, right?
Thousands.
Thousands.
What if all those dead things,
even when there was like a little bit of life,
we're paying you.
And they were like,
Hey,
yeah,
you know,
listen,
we didn't work out how you wanted,
but we're still,
we're still paying you a little bit.
And,
and how many of those dead things might revive a little bit because there's
new interest in them because they aren't getting monetized.
So that's the divot side of it. And we wanted collections to get royalties back, but then we
also wanted everyone to eat. We wanted the holders to also get monetized. And so now when you're
paying a royalty, you are paying, yes, the founders or the owners if they've sold but you're also paying the community
you're also paying yourself potentially
right?
It's a perpetual awesome
machine is what it is.
Am I right in thinking, did
Divit come first and then
so it was like great idea
how do we bring our community along and then
well, there's not a lot of
royalties to share with our community base
if everyone's going to go to these marketplaces and not pay royalties.
So, you know, had a solution.
Instead of pivoting out of it, it's like, how can we make this better?
And Unvault, I really think, is, again, if you're –
we have people asking about other collections right now.
And, you know, for, for instance, uh,
Diego,
longtime friend of the show here asked,
like,
if you can check on your script there,
how's Klaino's looking the last week?
I'm not sure if it includes Solana based collections or not,
but it doesn't,
it's just EVMs.
like,
I guess my Klaino's looking great.
Very handsome.
The,
the ability to not just share
with your holders and communities.
And to your point,
some collections may choose to do that,
some may not.
But having the option to do so,
having the option to generate
this revenue stream,
look at...
Again, I don't think it's a coincidence
that you look at the top performing
collections this year
and it's those that have... are earning royalties, those that have road to protected contracts.
Quirkies is one that they did it the hard way pre-unbolt.
And again, it's right up to a 0.9 floor price.
I think part of it's not just is that bringing in extra revenue and royalties for the collection and the team.
It's also, I believe, royalties mitigate against farmers.
It mitigates against short-term flippers.
And that's the only pushback I've heard from teams.
I'm not going to name names.
But one of the larger projects that was on one of these charts we talked about a little bit ago, they've pushed back.
I said, well, we're fine with no royalties it's not
helping it's not preventing them from catching attention and it's mitigating farmers that are
just going to come in buy and then dump into bids it hurts momentum it hurts the community
so i think there's even some beyond just bringing that added revenue for the team and potentially
leveraging dividend sharing that with the holders but also you talk about alignment and it's
i need to think of a better way to to land the plane here but it's it's it is really truly aligned
with the holder base because the team is like hey we're not looking to attract those that are just
purely out to have a short-term flip they want to buy this asset have no no interest in the brand
no interest in what you're building they're just looking to sell it at a higher price or not even, even worse is they're just looking to farm some points and dump it into bids.
Like that's just...
Sorry, we want those DGens as well.
We welcome the bots.
We welcome the traders because it creates volume, which creates royalties.
Now you can say, well, maybe they'll go to collections
that don't have a royalty on it.
But when every collection starts to have a royalty,
except for a few outliers,
there's not going to be anywhere for them to go.
So what are they going to do?
They'll still make money.
And also think about it like this.
Like if you're somebody that goes,
I don't want to pay royalties.
I don't want to pay royalties.
You have to tend to your garden, okay?
You can only go to your garden and pull up things without replanting things enough times. And then your
garden dies, right? You give back one or two or 3% to the, uh, to the collection. They're able to
pay staff. They're able to do events. They're able to give back to the community. They're able to do many, many things.
And then people want to buy.
And then you can go back and you can sell again.
And yes, you'll make 2% less or whatever it is, but you can keep going back.
And maybe you find that your plants have grown.
They're bigger.
They're more robust, right? And so royalties feed everyone, including your DGEN future self.
If you want to keep going back to the garden, you have to replant.
And that's what royalties are.
And that's also where Unvault comes in.
I mean, we've talked about the divot and divot being the thing we invented before we invented Unvault.
and Divot being the thing we invented before we invented Unvault.
But Unvault allows NFT projects to enable their holders to move from one chain to the next.
And so that's cool.
But it also allows them to enable their holders to move to a royalty-enforced contract,
a 721C, let's say.
And so by having that ability and then incentivizing that activity
with the divot that's where you really cross the t's and dot the i's yep and so yeah wait earnest
i'm sorry i have to you know i hate to do this i do we do this all the time on our tuesday and
thursday show is it okay if I talk about
the Tuesday and Thursday show, Cap? Go for it. Yeah, if you've got a link and you want to pin
it up top, by all means. I can't even do that because my phone is in the other room because
I can't turn the volume off. Before, Ernest popped on pre-show. True story. I used to do
that all the time. Instead of like I'd plug it into headphones, I'd take the phone, I'd throw
it in the other room, throw it in the closet somewhere. And yeah, the future trick though, just get you some of these, we call them Steve's, the Apple wired headphones. Plug them into the phone, turn all the way down and that can work as well. But yeah, anyways, go ahead., listen. Oh, yeah. Our show, Tuesday and Thursdays at 11 a.m. Pacific time.
Sorry, 2 p.m. for your audience, 2 p.m.
on the Unvault X profile.
We talk about not just Unvault and Divot,
but the space in general, NFT, is what's going on.
Everybody's welcome to come up and ask us questions,
grill us, even disagree with us.
That's okay.
We love that.
But, Ernest, I have to correct a little bit because you're saying move from chain to chain i i say move because that's
how people understand it that's how people understand it i understand it it's a vault
and unvault system i know you understand it you're the co-inventor of it. But to tell people, we're not actually migrating your NFTs from chain to chain.
Although we do offer a very easy click a button and migrate your collection from a non-royalty-enforced contract to a royalty-enforced contract.
to a royalty-enforced contract.
And don't even get me started about that.
And don't even get me started about that.
But what we are doing is vaulting,
locking up an NFT on, let's say,
ETH mainnet, okay?
And then unvaulting,
and by the way, this is, when I say we,
the holder.
The holder can choose to do this,
can choose not to do it.
If a collection decides to unvault with us,
to sign up with us,
you don't have to unvault if you don't want to.
I don't know why you wouldn't,
but you don't have to.
So you have an NFT on ETH mainnet, right?
You say, but I want to access liquidity,
either for sales or whatever,
or some kind of utility somewhere else.
Let's say other side on Ape Chain
or something's going on in Solana
or maybe even one of the chains is offering you
some kind of perk.
Hey, if you go to Solana,
you bring your NFTs to Solana for a month,
we'll give you one soul.
Or hey, if you bring your NFTs to Ape Chain
for a month, we'll give you a whole bunch of ape or we'll give you some other kind of thing.
I don't know.
So you lock it up in the vault.
It's escrow.
The only entity that can take it out is you, assuming you still own the NFT, right?
Unvault can't touch it, the collection can't touch it
Unvault can't touch it.
The collection can't touch it.
only you, but now
Only you.
you can Unvault, what we call an echo
on another
blockchain of the same
exact token ID, metadata
image, utility
and everything
you can do it, it's another instance of your NFT
we are starting with
yes, Solana will be included
we are starting with ApeChain
ETH Mainnet, Abstract, Base, Polygon, Binance Smart Chain, and Solana.
And we threw Solana in there because we want people to know it's not just EVMs.
Now, this is our minimal viable product, our MVP, right?
We will be moving to other chains.
We will be moving to whatever your favorite chain is,
we will get there. And it's not going to be like, we're going to announce Tezos and
five years later, still not show up. It's going to be, we will announce and within a matter of
weeks, it will be up. And so what does that do for you? You can move your NFTs. Well, I get it, Ernest.
You can have your NFTs appear on all those chains.
And there's no dilution because only one of the instances could be active at any given time.
And just to confirm, if I decide I want to go back, I can unvalve it back on, if it's an ETH NFT back on mainnet ETH and still have my
original asset, right?
Yes, the only caveat
to that is if a royalty
if it's 0721
or a non-royalty enforced
contract collection says
we want to migrate to a new collection
a new contract
with royalty enforcement, they do have
the option of locking the originals up
and not giving access to them.
Now, obviously, they're going to tell everybody they're doing that.
We'll have a big warning thing.
You know, we wouldn't want to do it.
But that's the only...
Now, by the way, that's reversible, too.
We're not burning your originals.
We're not sending them to the bad wallet.
The collection can say,
you know what?
The space has changed, and it is now normal that all of the marketplaces are enforcing
royalties.
You can have your originals back if you want.
Yeah.
Right.
I think it's a really big deal, at least for me personally.
For some, they may not care.
For some of these, again, the objection, why wouldn't you move to a road to protect the
contracts?
I'm like, well, provenance matters.
I've shared on here, of the thousands of NFTs I have, there's one that I really care about
provenance. It's my PFP. It's only because I minted it. It's part of my personal journey.
And I like the fact that it's never been sold. It's never been moved. There's others that have
moved to new contracts. As far as I know, most, if not all of them, it's when they do that,
the original is burnt and that's just, there's never any going back. Now you can ask why, why would I ever go
back? I don't know. I just, if you're telling me I've got to burn it to get on the new contract,
to get this new access utility, there's an emotional decision I need to make. Call me
silly if you want, I don't care. But if you're telling me i can move i can get access and get the utility the perks and if i ever still want to really desire to get my og nft back that i
mint it and it has that provenance i still can well the decision's made like it's okay it's no
brainer then like why wouldn't i i just i think that's a big differentiator from all the other
any other attempts i've seen at royalty protected contracts or migrating to
it's,
it's,
and I'm not,
I'm not,
I'm not taking a shot at Quirky's or Chimper's or any of the others that have
done this recently.
I think it's great that they made the move.
They're ahead of the space,
but just having that ability that knowing my original assets,
not going forever,
it's just vaulted until I decided to get it back.
That that's a big deal.
Well,
listen,
I'll say this to Chimpers and Quirkies,
and we love those guys, by the way.
Depending on what they did with the originals,
if they come to unvault, they can still offer the originals back.
Ernest is like, we're going to talk to our dad about that.
I'm trying to figure that one out, but we'll figure it out.
I'm fairly certain they can.
Now, you know, talking about provenance, by the way.
So one of the very cool things about Unvault, which, by the way, is the Unvault platform
where you can switch from chain to chain.
It's also the Divot platform where you can see your divots
and see all the history of that,
whether you're the collection or whether you're the collector.
We have a provenance tool, which again, patent pending, first of its kind.
The provenance goes by token ID, not by just the NFT.
So right now you can track the provenance of your ETH mainnet NFT.
Sure, of course you can, right?
But what happens when you unvault it?
What happens when you lock it up and then you take it out on Solana or ApeChain or wherever?
You're going to be able to track the provenance of that token ID from chain to chain.
You're going to see every piece of movement, every activity that's happened on that blockchain for that token ID.
And then you'll see when it switches.
And it'll just be one history.
So the provenance, basically what we're doing is we're making the collection,
the collection, as opposed to being tied to a specific contract or a blockchain.
Your collection is everywhere.
Your personal NFT is everywhere and you can still
track the provenance of it. You're not losing it. In fact, you're enhancing it. So, you know,
we're OGs. Like we care about that kind of stuff. Provenance, royalties, even letting people not do
this, right? You don't have to.
Like Bulls on the Block, for instance,
we are tracking royalties,
which we're currently not on a royalty-enforced contract.
We will be once on vault launches. We're tracking royalties since July.
And once divot launches, coming very soon,
on vault launches,
those who have held and not listed will get a divot, except they have to
unvault to a royalty-enforce contract. And so once they do that, they can share in it.
It helps us reward holders that are not just loyal, but active. How many, like, what is the, to me, what's the point of rewarding
all holders when some of them might, you know, God bless their memory, literally be dead,
right? Or, or even worse, they've left the space, right? And they're not coming back.
Why should they get a piece of the divot, you know,
as opposed to like the OG bull on the block holders that have been here
since the beginning or even are here in the last year,
even pick it up.
Now they're active.
They're taking action as a collection owner.
You can incentivize those who,
help your collection and those who are loyal.
I love it.
Do you mind if we get a question?
Van Glorious has been super patient.
Han's probably getting tired by now. Do you mind if we let him get in here
with a quick question?
Van Glorious, GM, if you're still there, appreciate your patience.
Question for Ernest and Aaron.
Might have lost him.
Nuts.
We'll check back in.
Hey, real quick, can I just say below board?
Just to trigger Aaron below board?
Trigger me in a joyous way.
Below board is...
Can you guys hear me?
Yeah, we got you back.
Aaron, 10 seconds here,
finishes his below board triggering thought
and then we'll get you back in here.
Appreciate your patience.
Blowboard is the name of the Metaverse Comedy Club
that exists below the Bored Ape Yacht Club.
It's a collection I launched in 22.
I think it was 22.
And that's where we did our comedy shows from,
not just this beautiful Metaverse Club,
but also in person around the world at different events,
including Ape Fest and Portugal and Vegas and, you know,
all over the place.
And you better believe that Below Board is going to be unvaulted
and have the Divi.
The problem is that there are basically none for sale.
So good luck picking them up,
but God bless you for being an OG below board holder.
I love you.
And we'll make sure you're taken care of.
I was just going to say.
yes,
sir.
OG mentor,
mentor,
legendary pleasure to meet you in Vegas.
Sorry,
Kevin.
All good.
All good.
I got with you,
man.
Appreciate you jumping in there.
And yeah,
I am,
I will be disappointed if we don't have at least a belowboard experience at the clubhouse when that thing opens in Miami.
I'm hoping they build a basement just for Belowboard personally.
I mean, I've definitely mentioned that on Bordeaux Yacht Club.
Remember the Discord chats?
One of the first chats said, is it true that board ABI club is opening up a comedy club in the
basement called below board that I'm booking.
Amazing.
Now I will say basements in Miami is,
I mean,
it might quite literally be a swamp.
It might be a little musty and smelly,
but,
maybe like first floor,
one of those like faux basements where it's not actually below ground,
but,
I digress
uh thank you comedy club i've ever performed that yeah real apesheet can you guys hear me
okay wow appreciate your patience guys wow um great work uh first time i'm hearing about this
but i i love what you guys are doing that makes perfect sense to me on bringing back royalties
um so i'm a dev guy so i'm just trying to think this out uh my question is um i guess i have two one can't you wrap the vault um wrapper
so you can avoid royalties that was always a problem in the past and then secondly isn't
this all contingent on like marketplaces and like the collections kind of like getting to critical mass
of sales occurring of vault assets over assets that are not vaulted did i mean that correctly
well let's start with your second question ernest you sound like... It is dependent on marketplaces.
Unvault is a marketplace.
We will show the other marketplaces what they can do.
We have patent-pending technology
that we're using on the marketplace, but we're certainly willing to license that.
No charge to the other marketplaces.
But they'll be able to show exactly what we show
on the Unvault marketplace.
And we think that's important to show them what it can be.
Yeah.
And so to further what Ernest is saying,
one of our patent submissions right now
is the actual marketplace to show a collection across all
chains at the same time. Because one of the collections, one of the questions we keep
getting is, well, when I go to OpenSea, how in the hell am I going to search for, because it is
seven different contracts with only one NFT, one chain active at any given time, how in the hell am I going to search on OpenSea?
My answer used to be, I don't give an F,
because I'm a little bit more competitive maybe than Ernest.
And Ernest is like, no, we should license it.
I'm like, no, I don't want to.
But Ernest has convinced me.
Yes, we are happy to license this to OpenSea, to Magic Eden.
And we're happy to license it for free for the good of the
community. Listen, we also have a protocol fee in there, so it's not like we're saints. We'll get
paid too, but we think it's important for the other marketplaces to get on board and be able
to show a collection across all chains at the same time without making users look all over the place.
Now, to the heart of your question, well, what if people just skirt royalties? Yeah, sure. I mean,
but that was the case back in 2021, too. I mean, there were always people that skirted royalties.
We think that the incentive structure for Unvault and Divot is enough to lure the smart DGens and their bots
over to the Unvault way
of thinking. They
will pay a small royalty, so maybe
there'll be some who are just principled in that
no, code is law, we won't pay it.
But you'll start to see that
many, many of the big collections
are on
royalty-enforced contracts again,
and could they spin up their own collection
and trade amongst themselves
and pay themselves back and forth?
I guess so.
But why not get into that divot pool,
hold some and get paid all the time?
And then when you do sell,
sure, you're giving up a percentage or two,
but you're doing it for floors that are higher,
for money that's higher.
And not just that,
but we also have amazing arbitrage opportunities.
So if you're a real seller,
you will take a look and you'll see
that those who are in the know,
everybody in CAP's audience right now,
you know that these collections exist
across seven chains and then 10 and then 15,
whatever it is.
I can talk about the tool now, right, Ernest?
Yeah, go ahead.
We also have a patent pending arbitrage tool,
which is not in our MVP,
but it will be out where click of a button,
you will be able to see the arbitrage opportunities
across all chains and say, I want to buy here.
I want to vault it.
I want to unvault it onto a chain that has a 30% arbitrage.
And I want to accept the collection bid offer or even listed to sell right now.
And within the course of one wallet interaction, I mean, of course, it'll be like, you know, a couple of different wallets and approvals, et cetera, all in the same flow,
you've just made a 30% arbitrage. And so we're not not thinking about DGEN. So
I would say the DGENs that are in the know and know about the arbitrage and know about the higher
floor prices, they'll come over. And I guess there'll be, you know, some DGN hermits, you know, yelling
at the sky, uh, over by themselves, not doing it, but losing out on tremendous arbitrage opportunities.
That's, that's the answer to your second question.
I think glorious, go ahead. Uh, response or follow-up question.
You know, I don't want to say that was, that was great. I get it. I like what you're thinking, and it just needs collections to push it in their communities, and I think it can work.
I was part of a bunch of collections that I helped with the smart contract with, like 50 of them, and I recommended some of them for sure. I can see this being wise.
We recommend to some of them for sure.
I can see this being wise.
And we can announce now, by the way,
before we get to your other question,
here's one of the collections that are pushing it to their holders.
Heavy Metal.
It's awesome.
Gabe and Adam signed up officially.
They're one of the first collections to announce publicly.
We have others that are in the wings waiting to announce.
Adam Weitzman and Gabe are no joke. That's a major player in the space. Great guy, both of them.
And we're proud of the way.
By the way, Adam has one of my motorcycles too. Full disclosure. I didn't know that, but when I met him in Vegas last year,
we were in an elevator and we were talking through all the different businesses
and things we do and everything.
And I said, yeah, I own a motorcycle company.
He goes, which one?
I said, Combat Motors.
He goes, really?
He goes, show me his phone.
That's awesome.
I have one.
I'm like, oh, that's cool.
That's cool.
That's very cool. So we think that if Unvault is good enough for Adam and Gabe and Heavy Metal,
it might be good enough for your collection.
We also love that Rida has G's coming aboard as well.
I mean, of course, our collection Bulls on the Block,
our partner collection with Simple Farmer, Clutch Puppies, of course,
and then the OG for Divot, STK and Dolls,
who we love John Winchell and John Dark and their art.
John Winchell and John Dark and their art,
they took a chance on us and we love those guys.
They took a chance on us, and we love those guys.
We, you know, not financial advice,
but they're going to be one of the first collections on Vaulted.
And we, listen, this is not just like a two-week meta kind of thing.
This is the new infrastructure.
Because right now, if you are
a collection on any chain, you are missing out on probably, I don't know, 75%, 90% of the liquidity
and the trading on all the other chains. When you on vault, you're missing out on nothing.
Okay? An ape chain project can start to show up in the top 10 of Solana. A Solana project can show up in the top 10 of Ape Chain. You will get
eyes from all the collectors, all the DGens across every chain. If you were looking to sell,
right, you will get the liquidity available on every chain. You don't just have to say,
who's going to buy this on base? You can say, who's going to buy this that likes NFTs across all chains?
you know,
listen,
if you're a small collection,
a medium sized collection,
that's been grinding,
grinding,
grinding,
we want to talk to you because we've been there and we love grinders and we
want to help you grow by getting the liquidity of every chain and more unique
wallet holders and more community and
more active members, your Discord or your live events, whatever it is, it won't just be, oh,
here's a bunch of guys from base. It'll be like, here are the Solana bros and gals. Here are the
Ape Chain on Toppers. Here are the ETH Maxis. You're not even going to know what chain people
love, but you're giving people the opportunity to buy your collection
and hold your collection
on the chain that they're comfortable with,
in the crypto that they're comfortable with.
I mean, we've gotten a lot of messages, Cap,
that people have said several times.
Like, Ernest and I bought Klanosaurus.
We love Klanosaurus.
And we've heard people say to us
that knew about Unvault,
oh, there's another person that,
they said they'd buy Knose stores, but they never
touched Solana, right?
Well, we'd love Claynose stores to come
aboard, and
everybody could buy a Claynose store
no matter where they are.
So we're expanding
to let everybody in.
And so,
yeah, we're happy about the Heavy Metal partnership
and the Fletch Puppies. And also, the marketplace itself're happy about the heavy metal partnership. It's awesome. Yeah, congrats.
And also the marketplace itself will accept cross-chain payments for NFTs,
and it'll deliver cross-chain.
So you can select which chain you want your NFT delivered on
when you buy it on the Unvault marketplace.
That's cool.
So I could buy Klainos in this scenario, in this hypothetical
example, I could buy a Klaino
with Ape
and have it delivered on ETH mainnet if I wanted.
That's right.
Assuming Klainos came on.
And Cap, not just that,
and we won't get too much into this today,
but we are also
the first true cross-chain
minting platform.
That was the next question.
He asked in chat,
will you have a launch pad,
the ability to mint from Unvault,
or is it just for everything already on-chain
or minted elsewhere?
We built it.
Quid is auditing it.
We're finishing up the front-end touches.
But just to explain,
this is not like when people say,
oh, we're a multi-chain mint, and they put 500 onana and they put 500 on Apechain and you can buy both.
And oh, isn't this interesting?
And again, God bless the innovators.
What we have built, patent pending, is a technology where every chain that we support will have the mint. So we're going to mint blowies,
which the name won't be blowies,
but it's a collection that we have of dolphins.
That's why they're called blowies, of course.
Right.
And, and I can't wait to launch this collection.
The collection is all about just like hanging out with dolphins and,
and being goofy.
The dolphins are trying to sneak into Bored Ape Yacht Club because the,
the apes won't let them in.
And so they dress up like Bored Apes,
but they're horrible at disguises.
But the art is fantastic.
Anyway, so Blowys, for instance.
We say, okay, we're going to launch, I don't know,
6969, just randomly, Blowys.
But we're going to launch it on Bass, Abstract,
ETH Mainnet, Ape Chain, Polygon, Binance Smart Chain, and Solana.
And we're also looking at Robinhood, although that's in Testnet right now, right?
And BTC Ordnals.
Yeah, BTC Ordnals, Cardano, whatever.
I'm talking about the ones we're launching with first, right?
Gotcha.
So everybody from those chains can mint on the chain that they want to,
and whatever currency they want to, and have it delivered to whatever chain they want to,
okay, at the same time. So the technology does not allow duplicates. So whoever gets a transaction
through first will get the mint, just like it is on one chain, except that this is on all chains at the same time.
So what does that do?
That lets people from every chain
Mint on their chain that they're comfortable on.
I'll never buy anything on ETH.
Fine, buy it on Sol.
I'll never buy anything besides Ape Chain.
Great, buy it on Ape Chain.
It lets them buy it in any currency
that they want to, that we support
from all the different chains.
But what does it do for the collectors or the collections? It has everybody on all those
chains able to mint at the same time, fighting each other for the mint. Forget about the secondary
trading afterwards. Okay. You put a 10,000 piece collection on right now somewhere. And yes,
congratulations to all the free mints that have,
you know,
minted out.
That's wonderful,
right?
That's great.
But wouldn't it be nice to also be able to charge something to,
you know,
I don't know,
get,
get some liquidity in your collection.
So you can do something,
establish a company,
whatever you want to do.
Well,
we get you the liquidity of every trader.
I was going to say every fucking trader, but I'm trying not to curse. I'm trying to be professional for on fault, Well, we get you the liquidity of every trader.
I was going to say every fucking trader, but I'm trying not to curse.
I'm trying to be professional for Unvault.
But you get the liquidity of every fucking trader and every fucking chain at the same time.
I mean, I know we're fixing royalties first, then we're going to fix DAOs.
After that, I think let's bring back gas wars.
That would be my request.
Multi-chain gas wars, like tugging on my gas wars. It's going to be speed wars.
It's going to be speed wars because the gas is so... Listen, the three of us here have the scar of the gas wars.
But it's going to be what chain is the fastest?
What chain can I get my block through first?
And maybe you'll have to tip a minor a quarter usdc or
something i guess but it's going to be um i mean maybe somebody will mint on east main net
but it's going to be which is the fastest chain to mint on regarding whether minting or
someone's going multi-chain with with unbolt is Is it, Hans W. asked in the chat,
does Unvault support engraving the art on chain in any way?
And if so, what chain?
Whether it's like ordinals or, you know,
putting the art on ETH mainnet, not just pointing to IPFS,
but is that in the cards either at launch or a future state potentially?
Yeah, yeah, yeah. in the cards either at launch or a future stay potentially yeah uh we'll have to see if this is um mvp on the dashboard or not but we've been talking to the good folks at um uh oh my god
are we okay uh right are we right we haven't talked about them for a while we think that every
nft collection at this point should have their art on
chain.
Artweave makes that incredibly easy.
We've now done it for bulls in the block.
I believe we've done it for,
I think we've done it for SDK.
There's no reason.
I think the only reason why people aren't doing this is because they don't
really know about it yet,
but you can't now for us too.
Cause one of the first problems was, well, where are we going
to put the metadata for every one of these collections? And you can, you can put it on chain.
So, I mean, Bitcoin ordinals and inscriptions, a different thing, right? But everything else you
just meant to our weave is very simple. It's, it's, it's pretty damn cost effective. I mean,
if you're doing something crazy, I guess,
but it's pretty cost-effective.
And it's a one-time cost.
We mentioned Below Board before.
I've been paying first $100, now $20 a month
because I still haven't gotten around to do the thing
that I know how to do for my pinata.
Every month, $20 because I'm too busy working on Unvault
to actually do my own thing.
But you switch it over to Arweave
and you just point your contract to it.
And for Unvault, you'd point every contract
to the same Arweave link.
That's it. You're done.
And the art will not go away.
As long as Arweave is a chain and it's a blockchain,
it will be there and you can stop paying for it.
So the answer is yes.
Not only is it possible, but we recommend it.
And I'm not sure,
maybe somebody can tell me
what the downside of doing that is,
but that's all upside as far as I'm concerned.
I love it.
DLito is going to have to mint the unbolts on MegaEth.
Yeah, I'm a MegaEth fan as well.
So I'd throw that in as a wishlist request
for a future partner chain.
But EVMs are so easy because Ethereum virtual machines, for people that don't know,
EVM is a big system. You can have
multiple layer twos, layer threes, layer sixes,
whatever, but they all basically have the same base of a
contract. And so you build for one, there may be little quirks or something, you know, on the different
blockchains, but generally you're like 99% done.
So we keep surprising our dev by saying, oh, by the way, we're adding Polygon.
Oh, by the way, we're adding Binance Smart Chain.
Oh, by the way, we're adding, what's the latest one we added?
I can't remember, but the EVMs are
super simple.
Mega ETH and Robin
Hood and whatever.
Those... I mean,
Ernest, we have to make sure that we have a big
countdown and like,
oh, this is such a big deal, but honestly,
I'm going to take it as a secret. It's not that big of a deal
to add those things.
I agree. Liquidity is a big deal.
I hadn't even thought about things like Robinhood and these other maybe specific use case chains
that I don't think Robinhood is going to be a big NFT chain.
But something like this, again, you're tapping into a whole different new pool of liquidity.
Like this, again, you're tapping into a whole different new pool of liquidity.
And that doesn't happen without this unbought solution and this multi-chain arbitrage.
I know we've kept you guys longer than initially anticipated.
I appreciate all your time today.
I appreciate all the questions, comments, banglorious.
Thanks for jumping up.
All the questions in the chat.
If anyone does have any additional questions for the guys, we'll do our best to get them all answered.
Just drop those in the chat, or if you want to throw a request to join
us here, we can probably keep them for a few more minutes.
One,
I'm just going to show it again. This is actually, I just
saw a post from Carl
who's looking at the
30-day snapshot
of a 30-day
chart for NFTs.
You know, he has shared some thoughts.
DelMundo has brought back new min hype with some great unique art and vibes.
Deadfellas just released a new game.
God hates NFTs.
Strong community around their founder.
The Plague, Oniforce, and Quirky's very strong IPs.
Teams building stronger than ever.
I'm not familiar.
I'm not sure if Oniforce is on a royalty protected contract or not,
but I know the plague and quirkies have both migrated.
ONI Force, first of all, ONI 1, come on, man.
It's not Star Wars.
It's ONI.
You know that, Cap.
Fair.
And they are not on a royalty protected contract,
and we know that they have lost somewhere around $6.7 million in royalties
over the past few years.
And I'm an original Oni.
Even met with them before they launched.
Love those guys.
Love Star Lordy.
Sorry to interrupt, but we're talking with a lot.
Well, I can't say this.
Let me just say that we're talking with your favorite founders.
And we love a lot of the collections that you just mentioned for many, many different reasons.
Well, I hope more are having this conversation more or less than if you're,
whether you're, if you're on a team, certainly reach out to Aaron or, or if you're part of a community that you're passionate about,
like shout out to dead fellows and Sean in the show often, or I'm sorry,
wrong Betty and, and team over there.
Like a lot of these teams that are like your, not the apes, not the pudgies, not the moonbirds, but ones that have hung around, they continue to build.
I can't imagine what more they'd be able to do if they had these six, seven figures and extra royalties that they've
missed out on over the last few years.
But this chart is just, I don't know how someone can, as a team, hear this conversation, hear
what you're building, look at the charts over the last, again, this is just the last
week in NFTs.
Normies, DelMundo's, Mr. Sheeb, Quirky's Original, Good Vibes Club.
Good Vibes Club meant not even a year ago,
they're going to hit $2 million in royalties in their first year.
At the same time, so many others would tell you,
oh, NFTs are dead.
I'm sorry, royalties are dead.
They're not coming back.
Well, they are back.
They're back from existing teams like Quirky's that have migrated.
They're back for all these new collections.
They're having tremendous success.
They all have royalties baked into them. And I just, there's so much additional opportunity here.
Not that they should rely on royalties by themselves, but if they're still building,
if they're still here, I just, no one yet has been able to give a good reason why not move to,
other than, oh, it's time. It's hard. We've got to go hire a dev with not anymore.
They're simplifying. You've simplified it. You've made it easy and still giving that flexibility
and the ability to customize and do things how they choose to do so. I guess that would be my
last question for you. If someone's listening in, whether they're part of the community and
They're part of the community.
They want the team to reach out to you guys, whether it's a founder or a team member.
they want the team to reach out to you guys, whether it's a founder or a team member,
Is it, I mean, the Unvault account is on stage.
It's just at Unvault, U-N-V-A-U-L-T, or go to unvault.com.
Aaron and Ernest, I'm sure you can reach out to them directly.
But is that it?
Like next steps, if someone wants to get more information, just reach out, DM, go to the site and apply for early access.
And then I guess the follow-up question is like, I know you said quit auditing the contract.
Are we talking days, weeks, months?
When do you expect or best case scenario, likely scenario as far as the marketplace
going live and this next phase?
The case scenario is that we launched two months ago, but we want to do things the correct
way.
And so that's why we hired Quit and the best dev team.
So Quit's in the middle of audits.
He's auditing Unvault and Divot and also our DAMS,
Digital Asset Management System.
And usually in an audit for people that don't know,
they look it over, make sure there are no security flaws, make sure it's doing everything that's supposed to be done.
They give notes back.
Your dev then makes corrections, additions, et cetera.
Our dev is amazing, works fast.
Quit is amazing, works fast.
I don't know, 30 days, 60 days, you know, everything, you know, once, once everything is, is audited and we feel safe,
you know, and comfortable, then, then it's time to go. And I'll say that I understand why
older communities, older teams, et cetera, are, they want to move slowly.
I get it because it's, forget about the psychological warfare that we've all been through.
You want to make sure your community is going to be into it.
You're going to make sure it's going to be healthy for the collection and the company.
And so talk with us.
Let us explain to you why it is.
But we were talking about this in our space on Thursday.
A lot of collections are trying to appease the wrong audience.
And that is the audience of the floor price and the volume
where you look at even the highest traded collections,
95 plus percent are not listed.
And you have all the rest of us going,
but we've been holding since mint and we love you guys.
It is okay to make money.
It is okay for the collections to collect royalties and make money.
It is okay for the holders to hold, get a divot and make money.
It is okay for you to sell anytime you want to and make money and also give back to the community so that if you have more assets, you can hold them and collect a divot.
Or when you come back into the collection, maybe it's a higher floor price, but you're happy about that.
It's okay for everyone to make money.
It's all right for the collections to say, we want royalties.
And so for all the collections that are not on royalty-enforced contracts,
it's time to come back to not just making money,
but also that principled stance of creators, artists,
should be paid for their work and effort.
And that's okay.
We're not just talking to collections, by the way.
We're talking to individual artists as well.
So yes, talk to us, DM us on Unvault.
I mean, if you really want to,
you can DM us personally as well.
That's okay.
And let's get you on boarded.
I love it.
Otis says,
running tally of uncollected royalties of major collections on the site would drive
home the value of unvolting.
Not my place to share yet,
but I will share one
that I got a glimpse of because I just mentioned
Deadfellas and I wondered what they could, I guess, six
figures. And it looks like
per the contract data,
they've missed out on $144,000
and some change in royalties.
I mean, just major...
Betty is a great champion of the space.
You know, Psyche is an amazing artist.
They're both champions of the space.
Betty especially, you know, has been very vocal about royalties in the past.
Like, we want them to win.
I love betting in psych.
And I was looking at the wrong line.
It's actually 321,000.
321,000 they've missed out on in royalties,
on unpaid royalties on those transactions.
And for a small team,
I don't think they've raised funding.
If so, I apologize.
If so, I don't think it was a major round.
But 321 grand is not nothing.
And you're building a game.
You're doing stuff.
They launched another collection on Ape Chain.
I know they probably generated a little bit there as well.
But I'm guessing it pales in comparison
what that $321,000 they could have generated
just by not doing anything extra
other than had they had a solution like Unballed in Place.
Other than being great creators. Last thing for me, you know, other than, you know, had they had a solution like Unballed in Place. Other than being great creators.
Last thing for me, probably not, but last thing for me is, you know, there is a reason to onboard now and not wait.
I really believe that eventually this is just the infrastructure of NFTs and everyone will come aboard.
The reasons to come on board now, one, we are booking these segments with UCAP and we want
to highlight communities in front of Coffee with Captain. So if you want your collection to have
one of these segments, that's one big reason to do it. Also, we do have a setup fee of a thousand
USDC. That is for before we launch. After we launch, it's going to be a bunch more than that.
we launch. After we launch, it's going to be
a bunch more than that.
So we also
have a $500 option as well.
So that's a reason to save a
boatload of money on the
setup fee. And our friend
Ryda,
we are going back and forth about
the animations that we're going to be
launching. And we want to
include the PFP characters
from the collections that onboard
up front and so if you want uh rider to include you in the uh your collection in these unvault
videos uh time is running out awesome i love it well um we'll go to earnest for any any closing
thoughts here in a second as well but yeah yeah, I'm really excited about those.
Yes, this is a sponsored interview.
This is a partnership.
But occasionally we'll do one-off sponsored interviews.
That's the thing.
If you're an unbound partner, you can't do this forever. But for at least the next few weeks, months, there's an opportunity to get out of here.
They're basically subsidizing that for you.
But more so, this is something I'm genuinely excited about.
I'm very passionate about royalties and what they can do for the NFT space at
large. We need leaders. We need, you know,
founders like yourselves that are helping push the space forward.
This is kind of a weird one because it's like taking us back to our roots to
push us forward. And I just, I don't,
I still don't understand why royalties in some case for some teams,
like they view them as a negative or a negative connotation.
They were here for the launch.
During the mania, during the boom of NFTs,
royalties were very much a thing.
Stockholm syndrome.
Yeah.
The thought of not paying royalties was almost like you said.
It wasn't just on-chain.
It was how marketplaces worked, but it was like the social contract like people almost felt there's people i
know that did otc deals and then still sent royalty the the equivalent of the royalty would
have been back to the team because i felt it's just it's how the space worked and i'm i'm very
much so pro royalties i think it's good for the space i think it's good for the teams i think it's
good for the collectors yeah you're going to give up a little bit of margin if you
trade on, but if it's, again, if the team is there and you're, you're really supportive of
the brand, even if you're exiting, like there's, I mentioned good vibes club. I don't, I don't hold
either the actual collection of my honorary yet. I'm still rooting for the team. I still want to
see them win and was glad to pay royalties when I had those transactions.
It was, you know, the only time I hear, oh, what if I'm down bad?
And well, you know, that's, you know, nothing is perfect.
But I think that this is really close to a win-win-win that we've seen in a while.
And, you know, beyond the partnership, beyond the sponsorship, I truly thank you on behalf of myself, all our listeners, the space at large, for not just experimenting on chain, but really doing something for the, like protected royalties, I think can have a very much so a positive impact on the space.
And I do hope it becomes just the norm.
And just like it once was, I hope once again, it becomes the norm.
And the one thing we really haven't talked about, you mentioned it in passing, but this isn't just like your 10,000 PFP collections.
PFP collections, you could argue that it's even more important for the artist who wants to bring
their art on chain and is just going to introduce one of one pieces. They're just going to create a
digital counterpart to their physical art piece. It's a really big deal for them. It's one of the
things that got me excited. This piece over here is my daughter was our first piece. She made it
on Super Rare. And the idea of her being able to if i ever i'm
not going to sell that but if i were to sell it someday for you know ten thousand dollars i i want
her to get her cut right and it's just there's for so many reasons i think this is it's refreshing
and it's it's one of the first things in a while that i've gotten really excited about the technology
to nfts like you know pointing back over here again steve's book and steven scott's book the that I've gotten really excited about the technology to NFTs.
Pointing back over here again, Steve's book and Stephen Scott's book, The Everything Token, it talked about a lot of what the technology could unlock and how it is programmable tech.
And I just feel like we kind of hit this wall and people stopped innovating.
They stopped doing new things.
Again, I think maybe part of the reason why is royalties went away.
And once they're back into the tech, I think more people are going to do more,
do more experimenting,
do more with the technology,
not just have a piece of digital art on chain.
Not that there's anything wrong with that,
but there's so much more.
Ernst and I are the Kool-Aid man
busting through that wall.
Oh yeah.
Oh yeah.
And look, to your point about DGENs and royalties,
about degens and royalties, look, I would rather have 98% of $100,000 than 100% of $1,000.
You build the market back up through royalties and through unvault and divot, and all of a sudden,
the 2% you're giving up might be more than the 100%
that you're keeping at the current market. Yep. Yep. Really appreciate your time this
morning. Really appreciate all that you're doing. Grateful for the partnership. But just even beyond
that, I truly appreciate bringing this back to the space. I think it is really needed. Not everyone agrees with me to this level.
Not everyone's as passionate about royalties as I am.
Some think I'm crazy,
but I really do think that we see more and more of this.
Watch what happens to these collections.
Watch what happens to the communities.
Watch where people migrate to.
I mean, you're starting to see it
with the recent NFT sales, the data.
Now, will some of those teams just take the royalties
and go home?
Sure, but they were doing that anyways. I think you'll see a lot more good, a lot more reinvestment into the space and a lot of value accrual back to the, whether it's with Divit or them just doing more things for the communities and providing utility and perks.
when they can view it as, oh, this is coming from the trading volume. This is coming from our
directly from our collectors. Let's give them some or all that back in one form or another.
But Ernest, any final thoughts, any closing comments, anything that we didn't ask you today
that you're hoping to share? Sure. One of the other businesses I own is Decrypted Tax
and Decrypted.tax. And we U.S. individuals and businesses with digital asset exposure.
And so it's tax season right now. So if you are looking for tax preparer, we are your guy. We use
Note40 on the back end of our website. We can handle more transactions than any of the other
trackers out there, CoinTracker, CoinLedger, any of those, their limits are in the hundreds of thousands and
ours are in the millions we can handle. So get on there, book a call. They're free consultations,
one hour with either myself or Lincoln Allard who works with me. And yeah, it's tax season.
So let us help you out there. And that's both for NFTs, trading staking, or any of that, we can track it on our website.
It's awesome. Very complex and not knocking any of the others. There's some good software out
there, but to have it built from someone who is an accountant that comes from their core business,
also has a legal background and is deep in this space. Like it's just makes sense. Yeah.
I don't know about calculations with cap.
That's pretty heavy on a Monday morning notice,
but we are accepting nominations and suggestions for new segments.
That would be a, we might have to do like Thursday,
Monday morning calculations is that's might be too much math,
but in all seriousness, yeah.
I've done videos for YouTubers and,
and they tell me their numbers drop when I'm on talking about tax.
And I'm like, okay, well, let's just do like segments that are just talking about tax so that it can be segmented.
But yeah, it happens.
It's not that exciting.
It may not be the most exciting content, but it is important. and much better to take some time and be bored over some number talk
than not do things correctly and get a nasty gram from the IRS someday.
Yeah, and that's what we provide that is different than the others
is we do full-service tax prep.
And so either myself or Lincoln review every return that goes out
and we make sure that we're doing planning during the year,
tax loss harvesting, tax loss harvesting,
tax gain harvesting, which isn't talked about so much, but you have a certain amount of gains,
you can realize that a 0% rate every year. And if you're not realizing that maximum amount
for yourself, then you're missing out. Complete hard pivot. But before I go back
before I go back to Aaron for any closing comments or final words,
to Aaron for any closing comments or final words, I did have one more question from the chat.
I did have one more question from the chat.
Someone was, Von Fronten was, maybe,
I don't know if he's questioning your belief in NFTs
and long-term plans here,
but he said to ask you about your tattoos.
For those that might not be familiar.
Ask me about my tattoos.
Yeah, so I believe in my tattoos.
So I believe in my tattoos.
I believe in 40 Piat Club.
I believe in 40 Piat Club.
I have my ape over here and my M1 mutant over here.
I've got a coda on this arm and I've got a dog on this arm.
And I'm in the middle of having my M2 on my back.
It's going to go for my entire back piece.
Did you have tattoos before the NFT tattoos?
I did not.
I did not have a speck of tattoos
until December the 6th of 2024.
Amazing.
Amazing.
And going all in.
They say they're addictive.
Once you get one,
you're going to go back for the other one.
This is proof positive.
I love it.
Also, cars wrapped.
I saw the vehicle at Mike Tyson party in Vegas. And yeah, you're certainly a proponent of NFTs, digital art, all things Yuga and the Board of Yacht Club. But certainly, I think the space at large and we need more people that are not just passionate about collecting and trading, but really helping push the space forward and grateful to have you honor for the partnership and really looking forward to it. And I think the other thing that says a lot about what you're
doing is we're talking about campaigns. And one of the things that was most important to them
wasn't just highlighting Unvault and Divot and what they're building, but Aaron kept coming back
and how can we highlight the builders? What can we do for the builders, those that we're working
with, in addition to giving them the benefits of Unvault and Divot, wanting to highlight these
builders. I think it just says a lot about not just what you're building, but also
how you're doing it.
And so, yeah, Aaron, anything to add to that or any just final closing comments or closing
words?
No, just, you know, thank you.
And we look forward to the weekly segments with the different builders that we're working
with.
And a shout out to some of your loyal listeners who are part of our great
communities, BT Dwayne and Otis. And I wish I could see your audience right now to call them
out, but I'm not in front of the X. But we really appreciate our communities from the Bulls on the
Block and Big Bull and everybody over there to STK and all the great communities there and Clutch Puppies.
And listen, we love NFTs.
We love the space.
We love the art.
We love the tech.
We love the de-generate of it.
And so every time we talk to a new collection and we sign a new collection,
it's a really great thrill. Having Heavy Metal, STK, Clutch Puppies, Bulls on the Block,
and then a bunch that will be announced soon. We're just excited because we know that we're
going to be helping some really, really great builders and founders in this space.
So we can't wait to talk to all the collections.
Love it. We're excited to talk to them as well.
I am, again, genuinely excited for this campaign,
as much or more than I have any we've ran so far.
And we'll find some ways to do some fun stuff for our listeners as well
anytime there's an opportunity to get back, maybe at some of these,
especially when we talk about some of these new,
we haven't even talked about this,
but when the marketplace goes live
and some of these new collections,
we'll have to find a way we can get some of our Coffee
with Captain community involved in that.
Yeah, Osiris says the Apes looks so great
on that BMW in person.
You got some fans, not just the tattoos,
but the car wrap as well.
And again, thanks for your time, Dave.
Really appreciate it. Apologies for keeping you 37 minutes longer than planned, not just the tattoos, but the car wrap as well. And again, thanks for your time, Dave.
Really appreciate it.
Apologies for keeping you 37 minutes longer than planned,
but enjoyed the conversation.
A lot of interest from the chat and excited to continue the conversation.
We'll have the guys back,
not just be highlighting their builders,
we'll certainly have them back at some point as well
in the near future.
But this is, we've been alluding to some new partnerships,
some new sponsors coming on board
and really honored to be working
with you guys and we're rooting for you.
I think this is one that not just
would be good for Unvault and
the communities you're working with, the builders you're working with,
but the space at large.
And like I said, it's refreshing to have
some new things coming live
on chain. So thanks again and appreciate
your time. Have a great rest of your Monday. And for the rest of you, I do have one other news item,
kind of breaking news. I don't think it's directly related to royalties, but I'll,
I'll put my closest spin as I can on it. Maybe if they had protected royalties,
they wouldn't have had to go this route. I'm referring to a recent post from ZachXBT here says,
I had to go this route.
I'm referring to a recent post from ZachXBT here.
It says,
major investigation dropping February 26th
on one of crypto's most profitable businesses
where multiple employees abused internal data
to insider trade over a prolonged period of time.
Drop in the chat if you have any guesses who that might be.
My first thought is either
PumpFun or polymarket.
I'm thinking shots of either of those. I'm just trying to think of profitable businesses,
potentially hyperliquid. Those would be the three that come to mind as far as profitable businesses
as of late to where there could have been some front running or insider trading.
But my guess is probably pump fun would be the
first.
Also unrelated, I guess.
But Eric Trump deleting all his crypto tweets.
Brace yourself.
Can't wait to see what Ashley Decans has to say about that.
Again, but not in all seriousness.
I do hope you all have a wonderful day.
Enjoy the rest of your Monday.
We'll be back tomorrow, 8 a.m. Eastern Time.
Outer Illumina will be joining us.
I'm sure we'll hit on a little bit of night of seven kingdoms in the cold open.
And then, uh, Albert, Outer was vibe coding a project. Curious, no pressure Outer,
but curious. She said she was going to get that thing shipped. She'd mentioned it last. She had
the idea last Tuesday and said she's going to have it done this Tuesday. So, uh, speaking of
shipping things on chain, not, not that it's necessarily on chain, but I have no idea what
she was building, but excited to learn more about it. In closing, if you've not yet, the Unvault account is up on
stage on the audio spaces. Go give that thing a follow and stay tuned for more builders being
featured courtesy of the Unvault team here. And we will certainly keep you updated when the
marketplace goes live, when they hit their next phase here. But great to have you guys today.
I really enjoyed the conversation.
And everyone, as Steve would say,
have a wonderful, wonderful day, everyone.
Thanks, Cam. Music
