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NFTs
Recorded: June 8, 2025 Duration: 1:41:18Space Recording
Short Summary
The crypto community is witnessing a resurgence in NFT interest, with discussions highlighting the growth of art collections, strategic partnerships, and a shift in collector sentiment towards valuing community and artistic integrity. As projects like GVC thrive, the landscape is evolving, indicating a promising future for digital collectibles.
Full Transcription
Thank you.γθ¦θ΄γγγγ¨γγγγγΎγγ I'm going to go to the next video. Thank you. so
Oh Thank you. Thank you. Thank you. Hello. et et jamais ne revient
Sur le grand drama
j'ai rencontrΓ© les cycles et les jours
j'vois les rois dans le noyau Yo, alright, GM, GM. Alpha, help me, five seconds. No, wait wait two minutes. I'm going to take the elevator down and then we start.
No problem, man. Thanks for allowing me to come up here and turn this into the Alpha DJ and Ted Talk.
I'm just kidding. Hey, man, be safe on that elevator, bro. Elevators can be pretty dangerous these days. Just walking to the store can be pretty dangerous.
Y'all, let's pray for Loki that he gets a safe return coming back out of that elevator and it doesn't consume him.
For crying out loud, he's a bird.
You know what I'm saying?
I think the boomerang effect, the boomerang on the headband thing is going to work out for him.
It's kind of like a save-all, end-all, save-all.
I'm certain. 100% certain. So thank everybody for showing up early on this. Well, if it's depending on where you're
at in the world, some people it's like 4 p.m. But thanks for showing up today on this Sunday where
you can be anywhere in the world, but you chose to come hang out and listen to a bunch of babbling idiots,
me, myself, I'm speaking to a first-person point of view, to just talk about NFTs, non-fungible
tokens, fungible tokens, whatever it is that the conversation takes on and the direction that it
ensues into is, hey, that's usually what we do. But chances are at some point in this in this setting, you're going to get some valid information from somebody may not get any from me, but you may get some from somebody.
And hopefully this, you know, gives you some type of value in your day, a smile, if nothing else, you know, and maybe you get some trading information out of it. Maybe not. Maybe you just get some news out of it.
So maybe it's this or maybe.
I'm glad that you guys are here.
You can look on the Jumbotron, look like somebody spamming the Jumbotron.
No, I'm kidding.
Now that I got your attention on the Jumbotron,
Loki is posting up some things that we will probably go over shortly.
But definitely, we do appreciate you guys for coming out today.
It is a beautiful Sunday.
I'm in Atlanta, Georgia.
I know a bunch of us are A9 and you don't want us to know where you are.
I'm not because I don't GIF.
But definitely, it's a beautiful day where I am.
Hopefully, it's as beautiful where you are as it is where I am.
And if so, just smile and uh uh enjoy it
touch touch grass look at your kids you know give them a big hug say dad loves you mom loves you
and uh come in and enjoy the conversation looks like Loki did make it safely in his
elevator journey because I said thanks bro I was all right my, my man. There you go, alright. So I turned it back
over to you, Logan.
Yes sir, go ahead.
Thanks guys, so as you know we are waiting for
more guests. Thanks for everybody
already joined here.
You know, like we always like run
for hours and talk about
so many things.
Before going to the guest, I want
to start by reading a tweet from two days ago from Roald Paul.
Roald Paul is a great collector.
His wallet is full of NFT art, crypto punks, whatever.
So today, of course, we're talking about NFTs.
We're talking about NFT renaissance.
So let me read this.
I pinned it.
You guys can check in the pinned post.
It says, the comeback arc of art on blockchain is still something 99% of people don't understand
and conflate NFT mania in order to write it off.
Meanwhile, much incredible art is being created and prices for legacy grails are exploding,
which will help old and new artists and encourage new collectors.
Expect CryptoPunks copy X-copy people to lead.
Plus, many more will come.
So I've been seeing this, especially in 2025,
that what was considered kind of dead in 2024, 2023,
we're talking about NFT art, artists leaving,
collectors not collecting anymore.
I mean, we've seen like astronomical prices, bags were down.
But looks like the NFT renaissance is really starting to come back,
especially in the NFT art market.
I still think the PFP brands are still struggling.
We'll talk about that later. I think it's a matter of audience.
But my question to the panel, I want to start like this, is do you guys still see the same? Do you think we can ever get to a moment in time where people are going to perceive collecting digital collectibles as Web2 in the same way?
How many years is it going to take?
Because the way I see the space now, we are like 95% flippers, 5% collectors.
That is kind of the opposite of Web 2, where the flippers are hated.
But here is the opposite.
No hate for the flippers, they are part of the culture, part of the game.
I want myself to...
Yeah, we want to go sorry we want to go first are we gonna see a rebalancing are we
gonna see the market coming back for especially for pfp brands oh good question man great question
great question um i don't see anybody rushing to raise their
hands but definitely that's an awesome question um you know all right okay okay
I'm gonna I'm gonna throw it to Ronnie yeah throw it to Ronnie let's go right
yeah I'm gonna throw it to Ronnie because I think uh GVC uh oh yes it's probably, no, it's definitely the most successful 2025 PFP project.
And myself, I did a mistake.
I think I not value them.
I consider them to be a PFP brand when in reality they really cater to art collector.
So that's one of the reasons that i
personally think they have this success they had they're having this success because different
audience than the standard pfp projects so ronnie what do you think uh good morning um So the question is, do I see some rebalancing of people going after NFTs again versus meme coins? Is that kind of the question?
We are having actually this.
This is happening already.
You see all those like me lady derivatives on new chains.
These are basically the same Minkoin user flippers gamblers.
They're now gambling with NFTs.
So now my question is, are we going to see a rebalancing from Web2
where you have 95% of consumers, of collectors, 5% flippers
instead of 95% flippers as we have in our space.
How long is it going to take to get there?
Man, that's a good question.
I mean, being transparent, I don't know that.
With GVC, I'm seeing a lot of people collecting, people buying above floor for traits that they like.
And I think a lot of that conviction comes from a competent team.
And so I think as more teams prove competence, I think more people will get behind that.
prove competence i think more people will get behind that um but yeah like a lot of web 2
they don't necessarily have the best perspective of what nfts are just because the prices are so
much lower so everybody thinks man everybody would just end up for the money it was a scam
why would i invest in that so i think as more teams prove
that they're competent and do things the right way i think we'll see a lot more of that
all right yeah absolutely thanks ronnie Captain, you're welcome.
Hey, thanks for having me. Happy to be here. Appreciate the invite. I enjoyed, I think it was last Sunday's show I sat in when I'd been on a while and just really enjoyed the conversation and was excited to get the invite for today.
for today. So happy to be here. Probably won't be able to hang out the entire time. But this is a,
So happy to be here. Probably won't be able to hang out the entire time.
I think, a great question to just to kick off a conversation because I think, yes,
I think it is happening. A, I think a lot of people that are still around, or let me rephrase
this. I think individuals that are holding assets that they've held for the last two plus years, I think those individuals are
collectors. I think there's been many times, whether it's just to sell into a bid or maybe
there's been short pumps, regardless of the collection, I think there's been times to exit
for flippers. So I think if you look at these collections where the average length of ownership is over a year, I think you see a lot of collectors in those.
So from the existing legacy collections, let's say, I think many of them have a lot of collectors.
Some have really leaned into things like collector score.
I think of Izuki and what they've done there.
I think really, though, the best example is
and I'm not just saying this because Ronnie's on the stage
I do think
Good Vibes Club is full
of collectors and it's
A, they've
first of all, it's incredible art and
it's a team that's talented and has been working
on it for years. Three
years in the making, it's extremely high
effort
but it's not just that.
And it's not just a good group of collectors. They're fanning those flames, if you will,
with their badge program. And I'm not trying to front run Ronnie or step on their toes at all.
So I won't go into all the great details other than we'll just say like I think that they've a created a culture in the
environment that that that is very attractive to collectors and so back to my earlier point if we
have if we do have a lot that remained in nfts that didn't just sell out of their collections
completely and go to the meme coin trenches I I think more than half of those are collectors
and so we see a collection like good vibesibes Club really lean into collectability and reward
with these badges and almost gamify collecting.
I think that has a lot to do with their metrics where you see so many of these sales, as Ronnie
mentioned, are above floor price.
It's like collectors are collecting again.
And I think it's beyond the old collections and new collections. It's different in
like Popkins, for example, which just meant it. I didn't see a whole lot of...
I certainly saw some PFP changes. But more so than PFP changes on my timeline,
I saw people collecting full sets. I think it's nine or
something to get a full set there. And so people are going back to full sets. Part of it is
the collectors, I think, that remain. Part of it's these teams that are encouraging that and
incentivizing that. And the last thing I'll say, and I'll hand it right back to you, but beyond
collecting for badges or rare aesthetics
or you want to collect this set for maybe future XP
or a token allocation or something.
I think beyond that, I think now more so than ever before,
because of the technology and in particular
where these L2s have gotten,
that on-chain gaming is really viable now.
I'm not talking like AAA games,
but I think a good example,
I yesterday had a chance to play
in this Mentator's Coliseum.
It's an Ape Chain collection.
James is actually a VP at Yuga.
This is his kind of like pet project
he's been building out on Ape Chain.
And it was a simple 1v1
battle where
your character had stats
and you had a couple choices to
put it in a stance basically to give it
potentially increasing or decreasing
those stats in certain categories.
And then after that, it was an AI
generated storyline.
Here's how the battle went down, the score, and
there was a winner and a loser.
And the loser lost its horns,
and those horns went in the winner's wallet.
Right?
So that in itself may sound silly.
You're like, why do I care about Minotaur horns in my wallet?
But if you just think about it,
it's pretty awesome.
It's better than a trophy a lot of times.
And just where my brain went is like,
what can be done now? What blockchain tech can unlock as far as gaming? And it's not just owning
these assets. These are when you've got dynamic metadata that can be adjusted. And so now if I
go to my Minotaur, it doesn't have horns on it. You know, it's just like, this is like, I think, showing some of the basic fundamentals,
but where this could go gets really exciting.
Beyond just collecting PFPs,
I think people will be collecting gaming assets
as these games become,
as I think we'll see more of these games now
tap into these abilities, and that's exciting.
I think the approach is wrong with the games.
So like, some of these games, I don't want to play them.
They're not fun.
It was definitely an exciting time, a good engagement.
I think he has some good statistics and analytics for like up to 10,000 users at one time.
I noticed as the game and the coliseum event was was going forward
so yeah so it will be exciting to see where this goes from here um i think same question we'll go
to let's try to go in order i think exceed and machiavelli i saw luke but he's gone now so let's
go exceed and machiavelli same question yeah it's actually interesting right because i feel like
at least i think part of Loki's question was
asking about when Web2 collectors will
recognize NFTs as collectibles, right?
And I think
that comes down to, you know,
that's not really a question
of when the collectors will recognize it. It comes
more down to when
NFTs will have more broader appeal,
right? Because if you look
at like let's say like the most common comparison to nfts is probably like csgo market right it's
like you know you collect like red skins and stuff because you know you can flex it you get
recognition for it right it's the same reason why about my pfp right and like once you like the
amount of collectors will always increase as i feel as like you know sort of recognition often
increases that's why like, you know,
CryptoPunk is probably never going to get irrelevant because everyone in crypto
recognizes that. Right.
And that's like something new collectors will have to try and achieve,
but that's actually like very, very hard because yeah, that's very hard.
Did we lose him loki
hey yeah i cannot hear anymore what happened oh yeah that was it right okay okay okay all right
it is it is difficult i agree um but doable but difficult uh Machiavelli, same question.
What's the question?
It was concerning the relevancy of NFTs.
Will they come back to be respected in the art world?
Never again.
Absolutely not. Why would anybody ever respect nfts no i really think where the evolution of the nft is going because it's like useful for
everything like literally a non-fungible token could be transformed and created for everything
and be utilized for receipts collectiblesibles, everything. I think as far as collectors going,
if we could even just tap 10% of the actual collector's market
and bring them on chain and make a digital collectible
the thing to hold and want to be a part of.
They have an NFT and they don't even realize it's an NFT
because they signed up with their Glyphi email
and now it's in their wallet
which you can do right now if you go to uh cool kicks and a chain.com and uh make sure you go get
your uh cool kicks collectible and patch anyways um yeah i think that uh the future of the the use
case for these things is that they don't know that it's an nft and it's in their wallet or it's
it's in their their little housing whatever application or ux ui or whatever chain they're
using and and they don't even know man in in they they've got their credit card loaded up in there
and they they continue to purchase or participate or it it continues to evolve on chain and you know
i i've always wanted to see kind of like that, you know,
who grew up with Digimon or the little pets that would die. You know what I'm saying? You had to
feed it. Y'all know the Tojiki Mons or what were they called? Tamagotchi. Probably the Chia pets,
probably, right? Chia. Chia. No, Chia was, see, Chia, that's the first thing I ever grew right there
poor chia pits
I had a Bob Ross
did we lose him
or did we lose him to the nostalgia
no no no
seriously I really think that's the evolution
of where the NFT is going.
And I don't think that we have to worry about NFT being respected.
I think that we, you know, as long as the tech continues to evolve and like people don't even realize they have an NFT.
But they know that they're collecting something and they want to continue to collect it.
You see, you know, getting somebody to come on chain and do a use case scenario is great, but we want residual users.
We want residual collectors.
We want people to want to revisit and come back to these chains and participate again and again and again.
And that's not impossible.
You know what I'm saying?
We just got to give them that thing that they want to collect.
Certainly.
So, Cap, I saw your hand fly up. Let's
go back to that.
This is a good take, and
I do agree that
where we've gotten from the
ability to
completely hide the tech,
really the look and
feel is like a Web2 interface.
I think it's
almost shocking how little love Privy has gotten this cycle.
They've won in a big way.
They're powering a lot of this from multiple chains.
And Machiavelli's example is a great one where we saw it on both Abstract with their F1 Red Bull Racing drop.
I think it was like it was well over a million new wallets.
And right now,
the one he mentioned on Ape Chain as well,
another F1 drop there
where it's both of them,
it's collectibles.
You're able to create an account
and it doesn't,
it meant,
but it's not even minting.
It's just,
you can create an account
and collect a digital collectible within minutes, a few clicks in both those scenarios.
And I think more of that is great to help start that experience.
But I don't know the answer to the question, then what?
then what?
How do you take them from collecting a racing poster
on Abstract or Ape Chain
to then exploring,
likely starting point,
those existing ecosystems?
How do you get them into collecting beyond
whatever the thing they were a fan of?
And that I don't know.
I think the on-ramps is getting easier. There's two great activations, but I still think we're lacking many bridges to go from that activation to that person's going to be hanging out on NFTs with Loki next week.
Yeah, definitely retention is certainly an issue.
We can get them to come by and look with the doodles cups and get some exposure.
But then definitely the second phase of that is the engagement and then the retention.
So it makes all the sense in the world, 100%.
And then I'll say this and kick it back to Loki, but sorry, Cap, for mispronouncing Machiavelli as Machiavelli,
as you do on the morning show.
I just wanted to say I really apologize for that.
Loki, back to you, bro.
Yeah, sorry.
I can't, I'm bugged.
I can't see any end.
So I don't know who will be the next.
I will need always help. But yeah, good point,
Cab. Good points actually on... I talked earlier with Cab from Clay and they totally designed their
launches to be like fully collectible experience. So it showed me, I mean, it took like,
so it showed me so many data on how many collectors
are buying above the floor.
They are trying to complete, there is a score system,
there is a pod to complete.
It's a fully collectible experience.
And when you mentioned Avstrad and the Red Bull, and yes, so I would say that's
the first step on approaching future collectors without any friction. And exactly when you say,
oh, I don't know how these people can come here and exploring. So the moment you just say exploring,
here and exploring so the moment you just say exploring yeah it's not gonna happen because it
has to be super fucking easy so the only way i see here is like open c what they're building
like one it's basically if it's becoming a one click button buy and do stuff you don't know on
which chain you are you don't know what you're doing, but just one click you buy stuff.
It's still probably not super extra normie friendly, but it's a step.
Because yeah, I don't see web2normies going to explore chains or whatever.
Even already Discord is complicated. So yeah, for sure we need zero friction and then probably a generational change. I mean, new generation already appreciates digital stuff. My thesis on this is how much time you leave digital, then you want stuff in the digital world.
then you're gone.
You want stuff in the digital world.
It's like, personally, I'm a digital maxis.
I don't buy anything physical.
I live on this fucking app.
I live on the Inwell3.
I just buy NFTs.
I don't feel I have any need to buy any physical collectible.
So I think it will take years. But yeah, definitely we need a rebalancing because
the ecosystem as it is right now, especially for PFP brands, it's not healthy. We can now go
move forward. We have 95% of people that are just flippers and 5% collectors. So we need like,
yeah, we need that kind of web to ecosystem where only a minority
are the flippers the scalpers the ones do the line whatever we've seen a lot of those stories
even loki's girl is digital he doesn't have a physical one oh yeah absolutely of course
and now with the eye is amazing bro
And now with the eye, it's amazing, bro.
Yo, TMA.
So because we have here TMA and Ronnie,
we are missing, I think the inner eye glue
with Pudgy is still going on.
So we will have more guests later.
I wanna circle to GVC because I wasn't aware
and many people are not aware.
So what I'm seeing this 2025, maybe not in January when you guys launch,
but it's happening like really this beginning of 2025 is the art market.
I cannot say it's hot again, but there are signs that it's getting hot again.
hot again but there are signs that it's getting hot again and exploring all those discord like
musk of lucy datalan de lucrez whoever artist you like you always see some gvc
pfp so i think that's what happened there that gvc was really
there. The GVC was really, it nailed, it appealed to that audience that it's not the usual PFP lovers,
but these are the art collectors. And that's why the floor prize, I mean, you've seen so many people
changing PFP, the excitement is reflecting that. But on the other other hand we see still struggling the p the the legacy pfp i mean
we're not like doing that bad but nothing crazy uh tma did you see this too yeah 100 i i think
that was one of the main reasons why i got bullish in the first place, right? Like when Ty and Chris were creating that community,
I obviously spotted out a lot of like collector audiences
who came in, didn't care about the floor.
The whole idea was around collecting trade badges,
getting as many Good Wives Club as possible.
Even right now, right?
Like every time the floor goes low,
like people are just sitting down and
waiting for the right opportunity to collect those grills the the right traits that they didn't get
a chance to collect because the floor just went up too fast and and if you really look at the
floor and look at the top 10 to 15 holders like each of them are holding 20 plus 30 plus right
and and none of them are paper handling right like the last time i sold the gvc was
a month and a half ago and and i'm currently holding 66 of them right like so point being like
i've just never felt so comfortable holding a pfp uh for so long and it's been quite quite a long
time since i felt this way about a collection and it's mostly because like just
keeping the team aside as well the community is just so deep into the lore so deep into the art
they genuinely love the collection they genuinely love the art they'll go in they'll spot shed
their sub communities to different trades like it's just growing so fast and so well um you're
gonna go in you can own a yb you cannot own a YB you'll be kind of like
welcome the same way and and that community has just been that positive force within web3 over
the past month like quite literally you can go and timeline will be in shambles there'll be fights
going on whereas you can go into the GVC group and you'd be like, wow, like nothing's happening here.
Like this is the absolute best of Web3 right now, right?
And on the other hand, there's a team, right?
There's a team that's been just constantly delivering.
They completely understand the Web3 ideology.
They understand that it's a fast-paced environment.
They're constantly competing with others for attention.
And they completely get that.
As soon as you launch, they release private banners for the holders.
They did badges.
There's over 60 badges, if I'm not wrong already, that you can collect from.
They've already worked with OpenSea on a trailer.
They're continuously working with them.
They're exploring the IP side of things.
The first animation went out like so there's so much happening on so many fronts that people don't
understand that this ip is so young right now it's so fucking young it's not even like look at it it's
not even three months old and we're sitting at a 0.8 each or i'm sorry i I live in an area where bikers think that they can just fucking go crazy.
But anyways, point being like, it's crazy to see that the team completely understands what to do, right?
Like Ronnie's here.
Ronnie's constantly like onboarding new people onto the ecosystem.
Chris is really talking to other artists, getting them on board, getting uh companies such as like moon pay uh like
metamask all of them to change their pfp so there's so much happening on so many different
fronts each member of the actual team is just doing something and doing their part like proactively
so again like just to sum it up i'm extremely bullish on the team. I've not held an NFT for so long and so comfortably.
I'm literally sitting on over 200k of profit right now
and not taking it just because of how comfortable I am
with the team and with the community right now.
Yeah, amazing.
Let's go to Ronnie.
Yeah, I wanted to chime in when you mentioned all of these great
communities sam sprat um x copy grifters like a lot of these great communities i think they were
drawn to the art um naturally to some extent but a huge part of our go-to-market was getting collectors like if if a gaming company
was launching an nft project they should probably just get as many gamers as they can
because that's their target audience and so as an art project having as many collectors and art lovers as possible could take us, you know,
much farther than just opening it up for everybody and just hoping, hey, let's, let's just see if,
you know, they can hold, let's see if they want to collect. So we're, we were confident going in
with, you know, our six years of experience. experience i say we because i'm on the team but
chris and ty have been running their animation studio for six plus years and during the go to
market it was so funny because i did a lot of the you know setting up the calls with project leads
community members like tma we got him and his community on board early. But they're like, man, this go to market
is so tough. But we're so confident what we're going to build. And so right now they're very,
they're very comfortable. They're very excited. There's a lot in the works.
But the go to market is tough. And so a huge part of our success was taking the extra time
to get our, you know get our ideal market, right?
We just want collectors.
And so we reached out to punks, apes, pangolins, community leads.
Grifters have been excellent.
Like all of the best collectors are who we went after.
So it's been so fun.
And that was definitely the right move uh i mean i think that was key i think that was key
i think that's the real difference maker right like at the point where and and we got to keep
in mind the sentiments a lot better two months down the line mince are doing good people don't
think about 0.069 as much as
they were potentially thinking two months ago right like and all of this got kicked off because
you you had this unexpected cook a mint that no one expert was expecting to do good because
hey it's 3d art 3d art has never done good in the past um like you know people were comparing it to
other brands people are like you know it's a 7000
collection they're cash grabbing because it's a fucking ip like what are they gonna do with it
like largely what i noticed was 99 of the audience didn't do any research about the team didn't know
anything about toast animation studio didn't know that worked with brands like oreo facebook reddit
like you know like they've they've literally
done so much from an animation standpoint and when you've delivered animations for web 2 giants like
those for you to work with web 3 brands becomes super easy because it's it's that easy transition
that comes into play right like so a lot of people didn't take into account those things and and i'm glad it didn't because if it
wasn't uh something that wasn't expected people wouldn't have respected the pump as much as they
did so i'm glad that like you know a lot of people faded a lot of people realized that they were
wrong over time and and a lot of these community members that didn't want to be a part are now
taking interest and still buying it at that point eight point nine mark there's people who've joined at one eight mark but they don't even care about the floor
being down to point eight because they're like we just enjoy the community so much we don't care
about the floor anymore so it's been a very long time since we've had a project that i've kind of
like been able to raise that sentiment to that certain level the last time we had something like this in my opinion was really azuki where people go beyond thinking about floor price and they just want to fucking
collect right like they just want all the right trades so that they can just have as many trades
in their collection as possible yeah so tma the thing, not everybody can do this because obviously the art is another level.
They work on this for two, three years.
So you can't expect the same level.
You can expect so many other projects delivering something like this, which is not actually a bug.
is not actually a bug it's a future we we had some saturation in the past years where people
It's a future.
were just throwing projects left and right just to extract so that's a good thing that's how i see
nft collectible war i think you're right there loki in the sense that like art was key right like you zoom into every single gvc piece there's been
like individual rendering it's it's been touched up the one-on-ones like zoom into them you'll see
the attention to detail there's like marks on the skin marks on their hats on their on like the
texture of the clothes like it's just those minute details just goes above and beyond it's
three works three years of work for like both Moffky and as well as like Chris so like props
to them for delivering an amazing collection on that front but it's that cohesive teamwork
on all fronts right there's the art was working for them the community community curation was
right uh the business dev team is constantly pushing for new wills, new teams, new companies to
partner with.
Like they're constantly looking for the next both Web3 side of things and Web2 side of
things to deliver.
They're working with companies like OpenSea to generate revenue so that they can continue
like, you know, being operational at the same time.
They're working on their
lore their ip launching their uh trailers just to make sure like they're they're pushing on that
side too they're they're keeping their collectors happy at the same time thinking about what to do
next with their business right like so i don't remember the last time quite literally we've seen
a team do that since pudgy in the sense that they're thinking of all aspects of it.
They're thinking of the collector, art collector aspect of it.
They're thinking of Web3 Degen, like what will I do next to make my brand even more, more like recognizable, more, more like out there, right?
Like so that will automatically translate to floor going up.
And then at the same time, what can we do for business continuity?
What can we do to make our IP more recognizable?
So it's a war on several different fronts and you need to do it well on all different
fronts for you to execute at that level.
It's not easy.
And that's where the success is.
That's why you don't see a lot of brands except Pudgy doing what they're doing is because they can manage all aspects of
those product chain, product parts, I would say. Yeah, man, I mean, it's incredible art being on
each front. Pudgy is like under people working on the team, multiple fronts. So of
course it's hard. So let me answer to you and then we go to Josh Haka. Sorry, I saw your
hand. Okay, I'm going to tell you something personal. So I remember during the mint, we we discussed and we didn't see any hype.
And I was like, that is weird.
But then, so I started to consider a couple of things. Like, if they, I mean, there were like a little bit of thought,
like, oh, it's like a doodle.
Oh, by the way, it's another brand.
I mean, we know the DJs, they appreciate,
they like to see hype because they want to do a pump and dump and they don't give a fuck about
the art. So I was myself also influenced by this. Of course, I didn't know about all these art collectors interested, or maybe in
the future they will be interested, because we've seen the run after the reveal, if you remember.
And also, I was still thinking that art NFT market was dead. Like, I mean, it's been dead for years. So all of this for me was, okay,
I'm not gonna like to go heavy on this, as you did, you made a good move. Because I knew the
DJ wouldn't give a fuck if it's just a brand, the next brand play, because it takes years. We've seen like a Zuki, Paji, Dulos.
It takes years to have like longevity and build a brand. But then catering to our collectors
was totally different thing. So that's where, like the recipe, the juice, the secrets to
juice was that. Jessica, welcome.
Yes, yes. GM, GM. Thank you for letting me speak.
So I'm the founder of G-Coy. I'm a big collector. I love NFTs.
We recently had a fan art contest that stretched across, I think, 20 different collections.
But I got one question, which is like the big deal with PFP isolation.
So like I don't rock a PFP
because I feel it goes against being a collector.
I love the communities.
I get love when I buy and post,
but I get like no love if I just post general stuff.
It's like I don't exist to the people in those communities.
And I do have actually a second question,
which is are there really any successful collections
on anything
outside of eath i've made great money on eath azuki moonbirds good vibe clubs even recently with
bad buns um i thought bosu was gonna wrap abstract but it's fading and i haven't seen anything really
successful on ape even though they're being touted as the future of nfts yet all of yuga's um
collections are on eath so maybe you guys can help me with those two questions if possible
i i think like what i wanted to say was gonna tie in both loki's point and your point really
nicely in the sense is going beyond gvc what i've recently noticed is collections that have
very low expectations
around them and good teams around them have been doing good like like like projects that have been
kind of focusing more towards hype marketing hasn't been performing well the hype is way beyond
what the team can deliver on the secondary on the day off and more often than not when that happens like you
just lose half of your market because they're no longer interested they know your your secondary
isn't performing really well it's these surprise cooks that are the ones that really end up being
the runners right like like for example as you said bad buns gv, for example, Superman, like, you know, no one expected that to run to 3E.
So it's really the ones that are,
like, not as talked about on the timeline
or may not be as hyped from a marketing standpoint.
They just genuinely have a good product,
have good art,
and just have a good ability to deliver.
They don't necessarily need all the voice in the world.
They're just, like, organic movement has been doing a lot better because what it's been doing is it's
allowing real collectors to go in and like sweep 10 20 30 and then diamond hand that to just
like you know wait until uh they deliver right like like some some people who are still into collecting nfts they
don't mind waiting they don't mind waiting a month like for me as well like someone like me
i i'd happily park a couple of eats on the right project if i have to even for two three months
if i feel like it's gonna get to where i think it is gonna get to right i would do that over
investing in a meme coin
and getting returns in a matter of two or three days.
But that's just, it doesn't mean like my way is better.
It just means that that's my preference as a collector.
I've just always been more NFT focused
and that's just the way I trade.
And there are many like me
who just genuinely like doing that.
They don't care about investing
in that next 100, X200, X meme coin. They just want to doing that. They don't care about investing in that next 100x, 200x meme coin.
They just want to find that next NFT that will bring back the old Basie vibe,
like, you know, old Pudgy vibe, right?
Like, they'll go through that community sentiment like we did back in 2021, 2022.
So, like, just my two cents on that.
No, for real, I agree. Like, so like so when i buy now like i'll try to buy
four or eight and park them i did that with bad buns i got in at 150 bucks and then it i sold
that like a grand right and i still kept back too so i mean you can make good money collecting for
sure but um i don't see any big winners outside of eath i mean are there any
big winners outside of eath bosu looked like it was doing great
well it sounds it sounds like there's a bit of an identity crisis right there when you're saying
collecting you're actually talking like trading so the the word success and collecting and then trading and, you know,
they're all, so you got to kind of pick a struggle here. So, you know, collectors are a little bit
different from traders. There's a, you know, there's a different type of identity when you're
talking. Not to say that they're mutually exclusive of one another because you can't do both. But when you ask, is there any success on any other chains,
you have art on Monad, Bear Chain, Abstract, you got art everywhere.
That doesn't mean that either of those collections has done like a thousand ETH in volume,
but that doesn't mean that they're not successful.
So just try to make a distinction right there, just to that point.
And if you had any,
I saw TMA thumbing me down,
but Jashaka,
if you had a pushback on that,
I would welcome you.
I'm going to just like say that collectors are traders.
That's exactly the mindset I've been trying to change with Fankari for months now, right? Like this mentality that just because you're an alpha group, like you're a fucking net negative to the space, They'll just go in, take profit, get out, move on to the next one.
100% agree there are people like those.
On the other side of the spectrum, there are complete collectors who will fucking diamond hand to zero.
They won't sell for shit, right?
But there is that middle ground audience, right?
There is that middle ground audience that understands that something is sitting on the floor it's it's undervalued right now based on what the floor price is
this trade can go for a lot higher because this is what what the floor is right now right like and
we made so much money just flipping trades on gvc as well because they were just undervalued
trades like like i've literally seen community members flip for seven ETH,
eight ETH profit over the last month, two months.
And we've seen that on like, not just that,
like on several other projects as well, right?
Like, so like there is that base of people who are active traders,
but also collect, right?
Knowing that something is valued a lot more
than it is at the current moment.
It will be worth a lot more in a month from now
just because of the art, the community,
whatever the reasoning being.
Yeah, absolutely.
I mean, I think Alpha was just trying to clarify
how we define success in a collection.
So that was sounding more like a floor prize.
I mean, we know it's a part of that.
Than other.
Well, I try to flip everything that doesn't have community into things that have community.
So even like Moonbirds, my Moonbirds went up crazy.
I flipped them and bought another Azuki.
I bought another Mutant Ape because those guys have strong community.
So, I mean, I think I trade on one side and try to get into to ramp up long term in community back projects.
to ramp up long-term in community-backed projects?
Okay, let me tell you that I think if you want to...
Sorry, I've got to mute you.
You have some background noise.
If you want, I think, personally,
if you want to define the success of a collection,
the appeal to collectors,
I mean, of course, you're going to check the quality. If you don't have
quality, you're never going to appeal to collector anyway. But we can easily see how many sales you
get above the floor. And we've seen this, obviously, with Good Vibes Club. We've seen this with Final Bosu. And we are seeing this with Poppins.
I just got some data.
So, and those two that I just mentioned, they are not on ETH.
But I kind of agree with you that usually if you want to build,
if you want to launch something meaningful with longevity,
you're going to do it on it and we
know what's the play so i i bookmark a post from tma i think your post yesterday uh we know what's
the play right now to like launch his millily derivatives on any chain or whatever and usually
you don't have longevity those are like not NFTs. They appeal to collectors.
It's more like a utility play where you get,
you have incentive to be part of it, which can be just a pump and dump
or benefit in the ecosystem until the ecosystem is there.
So that's how I would define a successful collection for collectors.
You know how we had ETHROGS back in 2021?
We have My Lady derivatives now, right?
So the normal playbook now for these derivatives is
be the first one to launch on the chain,
mint it out,
try to get support from the ecosystem,
try to get airdrops,
and hey, yay, we're the best fucking collection in the world, right?
So it's the same old playbook, it's shit, it's garbage.
These things will fade out over time.
They're not meant to be longevity.
Yeah, man, absolutely.
So, okay, let me, because I just launched my community for collectors.
So I've seen some communities like Bad Bands,
which they are having like a huge success,
but still there are derivatives.
I mean, I don't see like longevity in their IP.
Like asking why we're not there in your selection of collection.
I mean, bro, just, I don't know, show me what you're going to do.
But I don't think we are there.
I found their collection like not really a derivative.
I felt like it was a little bit different from an art perspective like i get the idea it's like a my lady type art
but like it is their own twist at it right like it's not literally the same like remilio character
or like at least that's where they went out of their way and like i think their success they
they're actually just very well connected within the ecosystem and they're
doing that really well.
They're going out,
meeting people like,
you know,
actually helping other daps on the ecosystem,
get more exposure as well.
So they're,
they're performing well on that front.
They've kind of like done good on the front of like recruiting the right
people as well to talk about them. So I think they're doing good on the front of like recruiting the right people as well to talk about them so
i think they're doing good on those fronts no i think i mean besides we we never know who's
gonna launch this thing and how long they're gonna 100 we don't know how long it's gonna last
like it's not ip per se they're not like constantly building it like again like these things are highly dependent
on the relevancy of the chain itself right like so you will last until the chain lasts tomorrow if
uh hype goes to like one dollar will hype you'll be as as well known probably not right like so
it's really dependent on the chain your your identity, your performance long term. Yeah, 100%.
And I wanted to say that what before was like incentive,
you are launching a new layer, you're launching a new chain.
The incentive before was just like attracting airdrop farmers
and that's how you get your mindshare, that's how you get your user.
But now we've seen lately, all of this, it's been created through NFT communities,
through NFT launches, which is, I mean, those collections, maybe, yeah, they are not really
for collector, but still, like, they will enter the mind, they will enter the culture, and we
will get in the end, because, I mean, me and you, we started the flippers as well. So look at us now.
So I think in the end, yeah, it's still positive for our space.
Okay, let's change a little bit the topic.
Oh, actually, we have Foxy here.
She just left.
Because we start to talk about Web2 collectors.
When will they ever join us?
In a sense, when we rebalance this space that right now is just about flippers,
when we can have a Pokemon ecosystem where 99% of people are consumers,
1% are sculptors.
When can we get there?
So I want to go to Foxy because we talk about Labubu.
And Labubu, if you don't know, I think their first Genesis collection,
I mean, it's physical collection.
It's like 10K original Labubu dolls, which sounds like an NFT collection.
And yes, Web2 people love to collect the stuff.
So when they will perceive a digital collectible, let's imagine Labubu was launching an NFT collection.
Will people collect the same way they're collecting?
I mean, I'm talking about Web2 people, not us.
Not us, of course, we will.
Will they perceive as valuable as they perceive Labuba right now?
Right.
Do you mean that will Web2 perceive NFT as a collector? Or you're talking more on the will Pangu be bigger than Labubu?
Kind of both.
You can answer both.
But let's say right now, a lot of Web2 collectors,
they don't perceive digital collectibles as valuable as their Labubo dolls.
So let's say Labubo is launching an NFT collection.
Will they change their mind?
Yeah, if you really look into the data a little bit,
so Labuba sales, which is Portmutt, right,
they generated about, like, the last time I looked
was, like, a month ago in Asia.
It was about, like, $600 million USD in 2024. And then this year, they're like almost like a billion. But then
for our PergiPanguin's NFT sales, it has only crossed about like 400, 500 million plus
in our volume. So it's a really huge gap between the Web 2 and Web 3 collectors gap.
So we still have a lot more to go.
So let's say if LaBubu, which I also talked to Podmart and LaBubu before.
So one fun fact was that LaBubu has, Podmart has the exclusive rights for Laubu toys products RL.
However, they do not have the exclusive rights for digital for Labubus.
So when it comes to the stand, the owner of Labubu, which is Mr. Lee,
the owner of Labubu, which is Mr. Lee,
he was thinking like, we did have a talk,
and we were talking about like,
is it worth of him doing a NFT collection of Labubu,
giving like such a big hype.
So he was wondering whether, is it worth coming to Web3?
Does Web3 understand what LaBubu is?
Do they understand the culture?
Will they pick up the culture as well?
So we're still not sure in the sense because we can see that LaBubu is more active in Asia.
Now it came to the US and it seems like it picked up really well.
But then the craze is still because it was Lisa, Blackpink, Takeover and Lisa, Blackpink,
that kind of comedy came over and swept everything and become a craze. But will the Web3 collectors have that crazy thing?
Because maybe most of them are flippers.
They're not collectors.
How many real, real collectors are there in Web3?
So that's a big question.
My conviction for,
I have like a really strong conviction for Penguin,
of course, for Pudgy.
Labu does not have a community as strong as Pudgy penguins.
So in that sense, like all of us are routing for Pudgy penguins to win in Web 2 space and
coming into Web 2.5 and into Web 2.
Our growth is parabolic growth.
And when Labubu actually looked into Pogmat look into our growth,
they have never seen a growth as big as this.
Even though, because Labubu, Pogmat put a lot of money
to grow where they are right now.
But they're not taking over the digital aspects.
So it means like we believe, or Pajipanguin's team also believe,
that whoever who takes over meme will take over the world.
So Labubu has not reached that yet.
And I personally believe, don't quote me on that,
but I really personally believe that Pajipanguin's or Pangu
will achieve that higher than la bubu so i feel in tldr la bubu wins with scarcity but paji pangu wins
with a soul so we are not just building a collector base but we're also cultivating a tribe
that we create and then we collect and contributes back. So just came back from Ina Igu.
Luca win is what he say as when the community wins,
Pachy Penguins win.
But for Labubu, it doesn't work that way.
For Labubu is when Pop-Up wins, Labubu wins.
So yeah, that's my thoughtiness of this.
Thanks, Foxy.
Loki, quote her and go ahead and clip that.
Go ahead and clip it.
She said, don't quote me on this.
Go ahead and clip it, bro.
Well, I mean, the digital metrics for you guys, you can check.
I mean, Paji is insane.
Like, I think nobody ever did something like this.
Not just in Web3, but Web2. Would you say that, I mean, yes, of course, Popmart being
everywhere in Asia, it's a big thing. Would you say Liza is being the most important factor
there for Labubu?
Yeah, but they're not sticky enough.
So our community is what we do in Paji.
We proliferate Paji.
We proliferate Pangu, right?
We build such a strong community.
It's like how far you can reach.
That's what Lab boo boo can do but they have not they have not mastered the stickiness but we have so everywhere that you go especially for asia
if you guys come to asia you will see how crazy the community is or you can see on timeline
um and the time not what you guys see is only 30% of what Asia really is,
because the rest of 70% they don't tweet.
They don't tweet, they don't do social media.
So for that part, I dare to say that Pudgy really gets into the stickiness,
but because our reach is still not the Web2 kind of reach,
but once we break that down, I really think that that would be that would be
the key factor uh i remember uh you guys share there were like some blind boxes coming for podgy
can you share something about that
If you hear something about that.
Yeah, so we have been like in talk a lot.
A little bit TLDR, well,
Popmart is one of the hardest company to work with
because the IP licensing is really unfavorable
to the collectors or to companies like us.
They want to take 80 to 90%, almost 100%.
If you look into the revenue, it doesn't really make sense.
But if you want to tap into Web 2, it kind of makes sense.
So we're like, on this line, should we sell our soul to to pop mart completely um or do we yeah do we do we want
to keep our brand like out there to to web too so and also you have to think about like at pop mart
there's so many competitors right there every single day is like a new IP popping out.
So what's our winning chance here?
So, yeah, therefore, we are looking into that.
This is our stage.
And they are like other companies that do really good blind box in Asia.
And it might not be PopMart, PopMart per se, but it's like second to PopMart.
It might not be PODMART, PODMART per se,
but it's like second to PODMART.
And we're still evaluating
like what would be the best for PODMART as a company,
but also taking care of the community.
So that's the part that we have to think about
when we do the blind box,
we will do the overpass rate, the project overpass.
How do we give back the committee but if
Palma has to take all of the profit or it's such unfavorable um how do we how
do we make sure that the committee is part of it so yeah that's the latest
news yeah makes sense makes sense thanks Foxy I don't know if Metapanda want to join the conversation,
because I remember last time you say something like,
Pudgy looks cheap compared to Labubu.
We don't have that super...
We don't appeal to luxury collector.
Now, I don't remember fully what you said yeah I didn't say that no but I mean obviously like there's a huge difference right like boo boo's ten plus
years in the making and you know like to say okay well there's community and impressions and stuff
from like a consumer level especially when you're dealing with physicals right there's community and impressions and stuff from like a consumer level, especially when you're dealing with physicals, right?
There's like a certain part of the heart and the mind that you're tapping into,
which you've seen obviously with like Sanrio and Snoopy and such.
You know, I think LaBubu did like an incredible job throughout.
You know, I think like the mind shares there, I think they're killing it.
But like that stuff takes 10, 20 years. And most people in the space want it now. And they equate it to hype and metrics
and doing these massive collaborations that literally just fall flat. You got half a billion
dollars, Cool Cats, Macy's Day Parade, doodles with McDonald's, none of that
stuff actually moved the needle, because it doesn't really speak to, you know, like super fans,
right? It's more so people are buying it, because there's the attention arbitrage around it, and
they're being marketed to, but like on a psychological level, it's just not how people
operate, right? Like, you know, if they believe in something, they're going to participate.
And like, there's a very sacred connection there that I think most of the space completely ignores. operate right like you know if they believe in something they're going to participate um and
like there's a very sacred connection there that i think most of the space completely ignores right
like they're doing marketing they're selling to people instead of like having them uh like come
up you know basically come across it in places that hold meaning to them so i mean yeah for like
libubu i mean you know they're obviously doing well in China.
Not so much like I would say in Japan and Korea, just because like that's, you know, more based around tourism.
So like they'd have to change that.
But yeah, I mean, I think a lot of stuff is like so nascent that you just have to let it play out. But there are certain constants, you know, in terms of like how in terms of how people choose what they want to identify themselves with.
So right now, most of the space just has to be patient.
You can't force people to just come in, but you have to have that emotional connection.
So I think just in terms of digital identity, people are like continuing to learn more
and more that they need a digital identity, whether it's just to represent themselves online,
if they want to create content. You know, I think just right now we're so early and like you guys
mentioned like collectors versus traders, right? And most of the people are just like forced to be
traders because there's not much for them to actually do with the collectible, right?
Like it's a 2D picture.
Maybe they have IP rights and they're capped at like 500K a year before they have to start paying the company for anything that they generated.
So there's a ceiling there.
But yeah, I think once people are actually given stuff to cook with then they can fully decouple
um from the ecosystem if they want to right and like i think being in crypto people um like
obviously you know they they should want to cut out the middleman right like they um they shouldn't
crave centralization and say like oh well what's the company doing what are the founders doing it's like if you're if you're given an asset and you don't want to you just want to be like a passive
holder that's cool but i think people are really missing like the opportunity here because like
the content in the space is like beyond subpar you know like the the bar is literally the the
floor at the moment in the space, like across everything.
And like, you're just seeing content, obviously,
like, and creators be rewarded more for what they bring to the table
because they're ultimately the lifeblood of any ecosystem.
So I think that the more people start to create
and the more collections that come out
with the ideal opportunity for people
to create around those assets,
like, you know, that's ultimately what's going to create around those assets like you know that's ultimately
what's going to create value and interest outside of the space instead of just marketing to people
and hoping that you could dump their bags hey yeah uh thank you uh i wanted to answer on
when you say there's no much things to do but i would would say, I mean, when I want to collect a Pokemon card,
not one that I'm playing with.
It's just going to stay there in my room doing nothing
in the same way I have an NFT doing nothing in my wallet.
I think in the end, it's just about how you are in love with the brand.
So I agree.
There are not many brands in Web3 to fall in love with.
Of course, I'm not dreaming to collect milleted derivatives
or whatever rug that was just launched.
But I don't think it's about a utility.
It's more about...
No, I mean, the word utility is like a dead word. It's more so like functionality and
composability, right? Because like, we're human, you know, humans are only going further
into technology, screen time's up only. And like, they're just not going outside anymore,
right? So you have to ask yourself are you gonna participate in this
fourth industrial revolution with a static 2d pfp from the shoulder up or you know do you want to
live stream i mean like you you guys know right you talk about abstract that's like you know
centered around streaming and and fun and you know how much fun could you actually have with a 2d pfp
versus having actual avatars that basically plug into everything.
So, I mean, I think we're getting to that point, you know, like you guys always mention
Good Vibes Club, right?
And like, that's a 3D collection, even though they don't give files or IP rights.
But, you know, I see we have like, you know, Ryda here as well.
You know, he gets it from like giving the community all the assets, you know, renders, files, scenes, like, you know, especially in the age of AI, you're only as good as like the ingredients, you know, that you can plug into these tools.
And like from a content level, from a community level, I think more needs to be done on that front for the rest of the world to take
the space seriously, you know, because like 2021, cool, you know, it was nascent and 2d PFPs and
pixels were sufficient, right? But you have to ask yourself, like, within this super fast paced
attention economy, or like, if you're making physicalss or, you know, you're making games, like literally
anything requires characters that are fleshed out and composable.
So yeah, I'm like excited to see where the space goes.
And I think people that push more on that can't go wrong because I think the future
is like clearly avatars, you know, across everything.
Thank you, Panda.
Chinsanity, welcome stage. avatars you know across everything thank you panda insanity welcome on stage Loki, we're coming for you.
Loki, thanks for bringing me up.
Yeah, dude, this is actually a really interesting conversation.
Like MetaPanda, something that you said about like kind of the recent collabs with like NFT projects and like this Web2 brand or just being in the Web2 space.
Like there's something I thought of like when you said
about Kukats in the Macy's Day
Parade. Like that's actually
I don't know if you guys have any data about that but
yeah like it made me wonder. It was like yeah
that was I know the hype was real like
seeing like a NFT
character in the Macy's Day Parade which is
like huge right especially here in the US
but like yeah when it comes to like
I can't agree with you like when it comes to like moving the needle like yeah we didn't again this is pretty it was
really cool what cool cats did and i'm sure they did it took a lot of effort to get into a macy
like day per i don't even know how like we even pudgies have not even done that yet right and so
that's that's sick but like yeah it's it's kind of like how do we move the
needle there and i think i don't have the answer okay i don't have the answer but just thinking
out loud i feel like a lot of times like the web 2 audience like they don't really i mean not they
don't really they don't know about web 3 a lot right and i think these initiatives that we've
seen projects to do big collabs, right? It's good,
but like, even like with doodles with McDonald's, right? But I feel like it still needs to be a lot
of more education or something like that versus like, oh, this one-time activation is a huge
activation and people see it. It's great, right? Gets a lot of impressions, awareness, but then
a lot of people don't really even know what it is, right? And this is where it's like maybe,
and I think a lot of brands,
I think even Cool Cats is doing this.
No, they are.
Doodles, Apes, right?
It's really growing that web to audience,
creating reels, creating TikToks,
creating shorts, YouTube videos
to really create that awareness
to make people feel more comfortable with the brand, right?
Because I don't think like doing one huge activation
is really going to move the needle because a lot of people are just like, oh, okay, it's just like an ad for something. I don't think like doing one huge activation is really gonna move the needle
because a lot of people are just like okay it's just like an ad for something i don't really care
right but like if you keep constantly like hit them hard with things uh i feel like it's better
again i don't have the answer i'm just thinking out loud here but uh yeah i mean i can tell you
it's a great point because like i could tell you from all the brands that have studied over the past 400 years,
they were built over time through microtransactions within culture.
And the bigger activations is basically people within this space
trying to do the last step first and jump out of the bushes
at the finish line of a race and stand next to all the legacy brands
and be like, hey, look at us,
we did a Super Bowl ad. And it's like, those large scale activations are done, like once the rest of
the world already knows like who you are, and you're able to like, you know, nurture that
relationship further at scale, as opposed to like, you know, if let's say, you're collaborating with
the biggest artists in the world, but no one ever heard of you, you know, that doesn't necessarily mean that it's going to make you. And I think,
you know, people should like focus on like a more personal relationship with the collectors,
which is why I love what Foxy was saying is like, you can't feed community and humans. And I think,
you know, through digital collectibles, like you're now able to have a relationship with other people that collect it, you know, in some cases, the founder, the artist, you know, through digital collectibles, like you're now able to have a relationship with
other people that collect it, you know, in some cases, the founder, the artist, you know,
and I know you guys do like the igloo as well. I think that like, ultimately, doing the work that
doesn't scale early on, is actually what, you know, just like forges a much stronger bond.
And, you know, that's what people want, you know, they want to have like a sense of belonging,
they obviously want to have upside as opposed to just being a consumer and being monetized. And, you know, that's what people want. You know, they want to have like a sense of belonging. They obviously want to have upside as opposed to just being a consumer and being
monetized. And I think it's a radical approach that over time will succeed, you know, because
just, you know, pure energy that you're able to harvest and have it like positioned in a way where
it's based in mutualism, like that is, you know, you can't
fade that. And I just think it's more so within the space, like people not being caught in the
pursuit of attention, right? And being associated with noise and marketing and shilling. And like,
that's ultimately what turns people away. It's not that people don't like pudgy penguins,
and they don't think it's cute. I think it's very cute. But it's more so like the approach and the context in which they discover
the character. Right. And like creating these unique entry points into the ecosystem where
people have like a different journey to like how they discovered the character or crypto as a whole.
And like that to me is like really unique. And I
think if you're just finding out about something on a Twitter spaces or because your favorite
influencer told you, you know, that information is worthless to people, you know, like they want
to feel a connection. They want to like acquire and visualize, you know, what they're being told
and like relate to it more so than someone saying,
hey, buy this. You could tell someone to buy Bitcoin. I told people buy Bitcoin quite a lot
and it meant nothing to them because they just didn't relate. So I think it's being able to get
people into your ecosystem in a meaningful way. And to ultimately understand that the truth
is people don't actually care about like any of this stuff on like a fundamental level. It's more
so what does that do for their lives, right? Is it connection? Is it friends? Is it money?
Is it a mixture of that? And I think that's like the really unique thing where people are able to
live their second childhood, but actually be able
to justify it through the financial upside that could come from contributing to the ecosystem and
being right about a character from its infancy and have that extend 10, 20, 100 years out from now.
I think that that's actually even more powerful than just owning Bitcoin, right? Because like with owning Bitcoin, you know, you're not, it's just a different, it's a different positioning.
But like, I think if you're taking bets on brands and like crypto native brands and you hit, that's something that will just continue to extend.
And like, it's, it's, there's no cap on that.
Cause like, we haven't seen what that ever even looks like.
Whereas like for Bitcoin, we just know Bitcoin will go up.
Whereas like, you don't know what the, the value accrual
and the downstream consequences would be for a holder
that was super early on.
Right now it's just airdrops and alpha.
And, you know, maybe you have your ip that gets you know
forged into a physical and stuff um but like down the line i think the people that are here today
are going to be pretty significant just based on what i've seen in like the traditional world where
like whether it's art whether it's music all those legacy systems are crumbling. And they can actually,
like even pivot to the types of models that we have, you know, within this space. So they're
basically all just gonna, I think, erode out of sheer, you know, sheer greed, and people want
something that they could actually benefit from. So yeah, I think, you know, just keep doing what
you're doing in this space, keep showing up and
like, try to create something meaningful within the ecosystems. Because like, you're just early,
you know, it's not something that you could force but over, I mean, look at any of these brands,
they didn't like pop up in one cycle. And now they're a luxury brand, like, you know,
Louis Vuitton goes back like 400 years um you know so i think people have
to have a long-term you know mindset here and yeah like if you pick the right brands then you're
probably going to be well off foxy 400 years for pudgy to be mainstream let's go
Let's go.
I thought Pudgy was like 420 years old, man.
That's why you guys are so prominent in the space right now, right?
What did I miss right there?
Yeah.
Yeah, we're aiming for that.
Well, Disney took quite some time.
So we're going faster than Disney.
So, yeah. Gotta love Disney. So, yeah.
Gotta love it.
Gotta love it.
Gotta love it.
So let me take the time to reset the room right there just for a second.
Hopefully I'm not speaking over anybody.
I know earlier I was brugging.
So if I spoke over anybody and stepped on your toes, forgive me because I have been a pompous asshole.
I'm just not trying to be that today, right?
So let's reset the room.
If you're in the space, if you're hearing anything you like, if you're getting anything
of value, like and retweet the room.
Go down to that purple pill on the bottom right corner.
You may say it's blue, purple, whatever.
If you're colorblind, the little oblong looking thing in the bottom right corner of the screen,
tap that, like it and retweet it.
Poke the bear on the algorithm so you can get your friends in
here so they can hear firsthand so when you tell them what you heard here you don't lose any uh
information all right and uh i see uh joshaka's hand came up so he's probably got to jump back
in come on back in joshaka hey sorry um no since like foy was here and you guys are pudgy penguins I'm just trying to figure
out what is the right way to join a community when I purchase a nft so like I bought two little pudgies
I posted I tagged the community and I get like no one saying congratulations. Then I see other people who buy the NFT
and they use it as their PFP
and they get like a hundred welcomes.
So do I need to use it as the PFP
or is it because I'm not using it as the PFP?
You guys are like saying
you're not welcoming our community.
I'm just not sure what is the right etiquette.
Yeah, we just came from InoEagle and we talked about this as well.
The thing is, like, we have so many Pudgies in community.
When you don't PFP, it's hard for us to prefer it and root for you.
So try doing that.
Yeah, but I don't want to PFP it because I support multiple communities.
So it's only if I have your PFP, I'm part of your community, basically, right?
No, we love you.
It's just that because we have so much going on in our timeline,
we might have overlooked it. But please, I'll definitely give you a shout out um to welcome
you to the community that's our job and we did not do well so i apologize to you um but um
on the other hand for some reasons um when you pfp i'm not asking you to do that but there are
a lot of case studies that uh when they changed p to Pudgee on BD network community level in all
sort of levels they got a lot of offers or opportunities because they look at you as a
Pudgee and that's a trusting brand to it so if if you really really look look into Pudgy, we are not only just social coin, I see it as a trusting coin as well.
So if you think about it, we have been looking at ETFs.
We are like in Washington.
We are in all the most trusted social channels, TikTok, Instagram, Xiaohongsu, WhatsApp, Telegram, all of that, people actually associate Pudgy Penguins
as their most trusted brand. The Web2 people see us that way. Web3 a lot see us that way as well.
No one sees us as a rug pull thing. So if you ever think about it, and if you want to change
your BFV, that might help you a little bit of opportunity but of course
you can do anything that you like
I will give you a big shout out and welcome you to
community, it's just that we have too many
just, it goes over the timeline
and it just web
so my apologies for you
and also we will
do a lot of community
welcoming on Discord
Bercro do a really good job as well.
Loki always do the AI prompting for community, for Pudgy community.
And please welcome to our RL events.
You get a lot of merch, you get a lot of toys, you get free food, free drinks, everything for free.
And all the good stuff too.
So Pudgy Penguins is not just a social coin.
It's not just a NFT.
But it's more than that.
So, yeah, I have to welcome you at the better way.
So apologies.
Don't get any better than that, right?
You got it firsthand from the lady herself right
and hopefully i'm sorry go ahead looking no i can't see jishaka anymore uh is
he's going offline or maybe i'm bug are you there yeah yeah he's i think he stepped on his listener
too i see him looks like he got maybe he rugged Loki and he's requesting to come back up.
I'll bring him back up.
Yeah, Foxy has been too kind.
I would say without sugarcoating, if you want to farm likes, you just change your fucking PFP.
And then, yeah, so many reasons to buy a pageant NFT.
You can join a community in Discord or group chats or just being part of the journey without need for like,
so whatever.
Also, like, you know, if you're buying an asset, if you're
buying a PFP, most people don't actually create alt accounts,
you know, for that character, but I think you should dive into
it more, right? Like if you're not going to pfp something on
your main account then create an account specifically for that character and you know just
dive into it more right and you'd be surprised it may even grow faster than your main account
because it's it's targeted specifically towards that community um and i think a lot of people
should get past like the switching PFP meta and like understand
that if you own that character, you know, the NFTs in your wallet, you have the IP,
you should dive into it more because like, let's say now you become one of the more
prominent creators or outspoken people within that community.
I mean, I remember when Foxy was grinding and like not even part of the team and she
just loved Pudgy Penguins and now she's on the team you know which is like super cool and i've seen that as well with other nfts where
i i didn't even purchase it i was just like memeing the community and then i drew like a
version of it like of myself and then they included it in the collection and i think that that's when
you know you get the most value out of these things when you participate and you know you you're
not just like a passive holder i'm not saying like you are but i'm saying in in general you know if
someone's just a passive holder they're missing out on most of the space here entirely um and you
know chances are they won't actually even like you know stick like stick through right because
you know what's really keeping them here besides money once the money's gone um you know stick like stick through right because you know what's really keeping them here besides
money once the money's gone um you know they're like all right cool maybe i'll come back next
cycle but the social element itself um is like what sent the the internet parabolic and even in
this past uh bear market you know like those communities kept people online and obviously
there's been like other things to incentivize them. But yeah, more people should basically like create accounts specifically for
whatever PFP they hold. And there's so many AI tools now and like pipelines that you could
leverage, where it won't be as if you're taking on another full time job. And I think like we're
going to just see more of that within the space and in general.
Because just view it as you own this character, and this character can hit specific demographics and aesthetics that maybe a different PFP or community can't.
And I think that is just scratching the surface within the space from what I've seen.
Because most people just switch PFPs and like that's literally you know
like the bare minimum as far as I'm concerned so basically if you really want to be involved get
the PFP if not set up some delegates because our project is really cross community we're trying to
build something cross community and I will say it's not hard it's hard getting the love but I
guess you're right like if I go to the ape show on Friday, everybody got an ape, right?
So I'm probably down there at the bottom looking like the chicken.
But I'm trying to be real as well.
You know what I mean?
I mean, my PFP, I'm an open source developer for 10 years.
This is from my open source project.
So I'm not choosing any side.
And I'm trying to give everybody love.
But I will keep working
respect for the Al Fado on it
at least I understand better
Hey man, just to add with that
you're not down there looking like a chicken
we actually see you and we welcome you
come on in man
the communities are more welcoming
than you probably realize
and I'm saying that across the board.
You hop into discourse, you talk, and people get to know you,
and you come to the spaces.
The more that you talk, the more they know who you are
and recognize who you are, the more welcoming and embracing they are.
So, yeah, don't ever feel alienated regardless of what community you're in
because community means community wherever you're at in the world.
All right?
Back to you, Loki.
No, yeah, man.
I think we can close.
Let's go to Luke first.
Yeah, go for it.
Yeah, yo.
I mean, is it Jock?
Josh?
Jashaka?
If it's Jashaka, I hope you're surfing, bro.
But anyway, I was going was gonna say loki like you
said don't you know what you said don't sugarcoat it i was kind of gonna say something similar like
i don't know i felt like and then what you said later like what you just said in your response
seemed like you were more genuine but at first i thought you were just whining about not getting
likes and like not getting engagement but like i, I feel like getting, you know,
joining a community is one thing. And then what you, I think you mentioned this earlier,
like you post something, I think it was you, it was someone else in here, if not,
but someone mentioned that you post something from a community. And then, you know, of course
they all engage with that post, but then your other posts later on, like they raid your welcome
posts when you say that you just bought in and then your other posts later on, they're nowhere to be found. Cause although you may be a holder now and they want
to welcome you, like it's a two way street, you know, like you can't just buy an NFT and expect
to have a whole group of people supporting you. And like something like pudgy penguins, which is
as Foxy said, like a loving reputable community, like very well established and no doubt about
the vibe of it.
Like when you join them, it's not like anyone's going to try to alienate you or fade you or
make you feel excluded.
But it's like one, they might not even see it because there's so much going on.
And two, like, yeah, welcome.
Yeah, you're a pudgy.
But then I feel like joining a community and getting engagement on your post is easy. And that's like a quick dopamine hit, but like what I really want when
I join a community and what the real value is, is like, how do you integrate yourself into the
community and network with them, connect with them? How do you make new friends and hopefully
some new supporters for what you do? And like, that's, what's actually hard to do. So, um, I
don't know what the best route
is for pudgies i mean you can come to pp's show chilling but they're just kind of fucking around
most of the time and then in the inner igloo you can go and like you can actually go up on stage
and you could just introduce yourself i would imagine if you want i've missed the inner igloo
every fucking morning for like months now and i i don't know I need to set a damn reminder do you know what time it is
eastern foxy 11 11 a.m is the time yeah so come in the shock uh next weekend you and I will be
there hopefully Loki Chin Foxy and I would imagine that captain has some sort of penguin or I I think
you just need to hold like 8,000 pingu even 8,888. I mean,
I'm sure everyone on stage has that. So hopefully we're all there. But anyway, I just, I, I hear
what you're saying, but like, I feel like it's, it's a two way street where, you know, and it
might not even be easy. Cause obviously, I mean, if not that I'm like some crazy, I'm not in every
community, but like, I feel like I'm in a ton of communities and have a lot of experience. And I even feel like integrations hard. And even,
even when you're well integrated, like, like same similar thing. And something that I've been
thinking about recently is like, you know, my welcome posts into a community gets mad engagement.
And anytime you talk about that community and gets engagement, but other things don't. And
similar to GM posts, like I don't give a fuck if people reply to my GM posts.
It's culture, but I would love if people, like, wanted to read and reply to something
that I took a little more time than an AI-edited photo and a GM to post, you know?
Anyway, welcome to the Penguins.
I know it's not my PFP, but we are Penguins.
Thanks, dude.
We actually ran a fan art contest, so our project is G-Coy,
and we got over 100 pieces of art.
A lot of them had different characters, like I got penguins fighting apes,
giving away 10 grand in prizes to the artists.
And then some of the people took the art and like cropped out the other NFT.
They cropped out the other character.
And I'm like, what the fuck?
I mean, you know, the whole idea of that contest was share the love.
But I'm learning.
I'm new to Web3.
I'm like five months on X, really.
really so but thank you so much dude respect and uh and and i guess in talking us out the
But thank you so much, dude.
Respect.
the common denominator of all these communities is the nft right and so um this is the nft space
where you come and talk about nfts mind share communities web2 collectors web3 collectors and
how they correlate and correspond with what we're doing going forward.
Just one little tidbit of information and we'll close.
DeFi strategist Alex Saunders, he did a write-up and it's posted on the Citigroup website.
From 2024 to 2025, the crypto market cap grew from $1.65 trillion to $3.21 trillion, which is almost 95%.
So that means money is going to start funneling back into something. And the more that we can be attractive and attract collectors or even flippers, then the more the market share grows
for NFTs. And that's what we're here for.
Right. So thanks for coming out on this Sunday. You could have been anywhere in the world,
but you chose to be here with us. And we really appreciate that. We want to make sure we
acknowledge all the speakers and all the listeners. And if you see them out on the
timeline, give them a like or follow, engage to their content or whatever it is. And let's be more friendly.
So guys like Jashaka will definitely embrace and see the love on the timeline.
Thanks for having us.
Thanks for coming out.
And that's it for me.
Loki, you got anything?
Yeah, thanks, Alpha.
Thanks to the panel.
Amazing conversation as always.
See you guys next sunday and oh quickly reminder i
just launched new community called nft renaissance if you guys are collector you need a home you want
to vibe with other people they're sharing the same value the same passion you can you can just come take a look if you have a great from GVC final boss
you must come Lucy at that alone so far we will add more you can verify right now
so guys thanks again and see you next Sunday bye Thank you.
