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NFTs Continue Surge - What’s Next?! on Coffee with Captain #1,133
Recorded: April 7, 2026 Duration: 2:10:31Space Recording
Full Transcription
I'm on web two. I was living a dream. Now I'm on web three. And it is what it seems.
Copping the pyramid schemes, I'm telling you.
I'll sell you a percentage on Nebula.
Shout out to this, yo, set it up.
Surfing on the web and I'm shooting at three.
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, arrow, floor.
Call me Levi, playing 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, Savannah by Blue.
I want one, but I got a cop too.
I want to fly high in the sky.
Arms out wide, trying to swore.
I'm a bird-time few. I'm on with it. I am Ricky high in the sky, arms out wide, tryna swore, do a bird type view.
I'm on fire, Ricky, Bobby, cracking the pavement, Whitney, Bobby, I'm a Saki bomb, Hiroshima,
Nagasaki.
Bruce Wayne been a dog, and I keep it 101, cause I'm feeling kinda spotty.
Sippin' on some rock and I'm sippin' out octane, the only thing around my neck is a block
to the beat.
K-pop, now I got coins. I see where y'all going.
Poppa since web one.
Hella hooked on web two.
I was living the dream.
Now I'm on web three.
And it is with the scenes.
Popping 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.
CM with the social media.
Shout out.
Credo, credo.
We can make a trade. Get the Mim. Hello. I just went and caught me a half bass. Man, I got a shout out to 40.
Starting off with a big kickball.
Now I got coin.
I see where y'all going.
Poppa says web one.
Hello.
I just went and caught me a half bass.
Man, I got a shout out to 40.
Now I got coin.
I see where y'all going.
Poppa says web one.
Hello.
I just went and caught me a half bass.
I got a shout out to 40.
I got coin.
I see where y'all going.
Poppa says web one. Hello. I just went and caught me a half bass, man, I gotta shout out the boys, started off with a big kick-bob, now I got coins, I see where y'all go, it ain't poppin' since web one, hello, I just went and two, I was livin' a dream, now I'm on web three, and it is what it seems, coppin' the pyramid schemes, I'm tellin' ya, I'll sell you a percentage on Nebula, shout out to Vince, yo, set it up. and have a face-off. Had to bring my chains off. Full ticket gas and I'm driving my brakes off. I'm 81, but a different kind of steak sauce.
GMGM, welcome
to Coffee with Captain. Thanks so much for joining us.
Everyone had a great Monday. Tuesday's off to a good
start. I'm Cap, joined by Outer today.
Excited to have Outer on the
audio spaces. We'll get her back on video here
in the near future. We also
are live on YouTube
as well as Abstract. Go smash those like buttons
on both of those respective platforms. It would help if I unmute the mic. There we go. Let's run
it back. GM, GM, welcome to Coffee with Captain. I'm Cap, my co-host Outer Loom of the Day.
We are live on X Audio Spaces as well as X Video. And now we are live on YouTube audio spaces as well as x video and now we are live on youtube as well as abstract
go smash those like buttons over there and hit the subscribe button while you're at it hope everyone
had a great start to their week um monday was a really enjoyable show had a lot of back and forth
a lot of very active a lot of thoughts on the topic. And I think it might continue on today. A lot to get
into a rainy day here in South Florida, probably some needed rain. I'm not a farmer. Well, I'm not
a, not a farmer on the crypto protocols as well as I'm not a in real life farmer. Although I have
been enjoying, I've been enjoying plants. I've been getting back in the, I guess, evolving my green thumb and dabbling in the plant scene.
Alder, are you into horticulture?
Am I using that word correctly?
So, look, GM.
GM, welcome back.
Thanks. so look gm uh welcome back thanks i uh i have plants but they're the kind of plants that survive my random intermittent whenever i remember watering cycle if that makes sense
that means i have like spider plants and pathos plants and like anything and some of those christmas cactuses what's that thing that
mother-in-law's tongue or something that like just things you really like have a hard time killing
and you can water them once in a while no problem but like you know i don't have an
orchid blooming or anything like that orchids like have a heart go ahead sorry
oh no i was done but i did at the end there hear myself playing back to me.
Yeah, no, I was grabbing a YouTube link, and sometimes it does that.
Orchids, I think, might be the most difficult, at least from what I've attempted to do.
I am O for orchid.
I'm O for my life on orchids.
for my life on orchids very very challenging um yes indoors the spider plants the snake plants
Very, very challenging.
that sort of stuff is that's the way to do it like the stress-free doesn't really matter
very hardy plants is probably the best path although i have a moncera i think is what
they're called where it's like the big leaves and then there's like the little holes through them
i got i've been gave me one for my birthday and I did like baby this thing to be like quite huge.
But again, it also is okay with an intermittent watering cycle.
I just can't commit to anything that needs like something in a routine way.
I have a hard time with that.
I mean, somehow I raised a baby, but the baby cried when it needed stuff.
So it was like pretty easy.
Like you're crying.
Okay. I'll feed you. You're crying. Okay. Like there was an alarm system, like a failed safe
alarm system comes with kids, which is great. And I only have the one cause can't imagine doing that
more than once. Kudos to you if you have, but yeah, like it needs to be something that is like
fairly straightforward. However, we are moving. And even though it's snowing um here this
morning which is insane i am looking forward to having a bigger yard where i could maybe garden
but that's like a whole other thing i feel like gardening is like you water in the morning and
make sure like pets and pests are not eating your stuff and then it's kind of okay too so i don't
So I don't know. I'm going to try my hand at gardening. I think that might be fun.
know i'm gonna try i'm gonna see i'm gonna try my hand at gardening i think that might be fun
That's fun. I've shared I've like full circle as growing up in the country and on farms or adjacent farms as a kid and had a huge garden almost every year growing up.
I wanted nothing to do that with that. When I turned 18, I wanted to go to college, go to the big city.
that with that. When I turned 18, I wanted to go to college, go to the big city, and
I had zero interest in farming or, I mean, I don't want to say I had zero interest in spending time
outdoors, but I'm now full circle where I just want to, yeah, just want to retire to a dog farm
and have a garden. I mean, our garden, when I say huge,
I should see if I can find some pictures of it.
Core memories would be like picking bugs
off the potato plants or weeding,
just like spending so much time in the garden as a kid
and did not enjoy it.
It was like work.
And now that stuff is like,
it's like my meditation. I don't meditate properly and stuff like yard work or gardening
or watering plants. It's like, it's just an easy way to turn off my brain and do something,
but yet do something that doesn't require
like thought that is meditating for some people right let's i want to like unpack for a second
because you're like i don't know how to meditate properly well listen like for a long time i always
bought into this like you have to sit still and not move and breathe deeply and all of that and like the truth is at least
my truth anyways I've learned that you can meditate for some people anyways where like
like I need I need to be moving like I need to be doing something for me to actually find that like
peace in in that like meditative state so
I don't know there's there's something to be said like like for me for instance a huge meditative
thing would be like to look for beach glass on a beach like I can just do that or I'll do this
sometimes even though like it's kind of funny I don't really like shopping that much but I um I'll go through to a clothing store like a thrift shop probably
and just like sort through the racks of clothes for like no reason like I'm just like sorting
through the colors or something like so when I do something like that that's physical I uh
I find it super relaxing then I am meditating then I'm like my brain is turned off so I don't
know I just want to like I'm never the person that would go to like some yoga class and then
they're like oh and now we're all gonna lie down on our yoga mats and close our eyes like oh my god
hell no please don't make me close my eyes and I'm thinking about lunch while everyone else is
pretending to meditate let's be real like i just yeah i don't
know like yeah you know where i'm getting at and it is i guess good for like stretching and i see
the value and i see the benefit of it but it's not relaxing for me it's just it's not relaxing at all
like i don't respect people who can and that's that puts them in a good mental state for me it's i'm consciously thinking the whole
time uh in in the case of yoga i'm trying not to fall over but really i just i don't i don't enjoy
it but things like i said like we have someone like that does the yard work now and part of me
wants to like cancel it and just because i like is it worth i't know, an hour of my time every week? No, but it's an hour of
time I can shut my brain off and check out. So instead of doing the mowing and the weed eating,
I did go out and part of my morning on Easter Sunday was just weeding the flower beds. Because
again, I know it may sound
silly, but that's just, that's a way for me to, to check out and literally quite literally touch
grass. Uh, but recently I've gotten, you know, also a new place and just more room. And so I
have, I did move some plants. It was funny. I don't know if I shared this where for several
months I was Airbnb and I was between homes and
I just found an Airbnb in St. Pete I really liked. And so I just kept renewing it and ended up doing
kind of a longer term thing there. And I, I, I had probably, I don't know, somewhere between six
to 12, like pretty large planters that were on the balcony of this place and they were cool with it. But, um, you
know, they were just like, I don't know, anything from like aloe to rubber plant to some snake
plants. And so now I have replanted some of those. I have a papaya tree that actually my old neighbor
gifted to me. And so I replanted that, uh, and split it into two. Hopefully I've got it. I think it's in a large enough,
it's just still in a pot, but it is I think large enough to where I can actually flower and might
bear some fruit here in the next year or so. And I I've added, while I'm not full garden,
I've thought about doing like the raised garden bed. I don't have like like like my backyard is taken up with um you basically a pool and the pool
patio and then it goes right into like a lake or a pond so i don't have room for like a full
full-fledged garden uh but i have considered doing like the raised flower bed have you ever
done this before like a raised garden just like a smaller um well i have like those like wooden framed in raised beds like on like on the
lawn or whatever in the yard but you also have to remember that like for the same very reason that i
love being in canada and that everything like everything poisonous and gross for the most part
dies in the winter and so like our predators are pretty pretty like tame compared to you know things
near the equator so i love that but also like our growing season is so short right like i can't put
anything in the ground until probably like mid-may right yeah it makes sense didn't think about your
weather challenges there but um i think it's also part of like why I want to do more is, you know, I live in a climate where it's easy or easier, I should say.
Like it's, it is, enables me to do that if I want.
Soby Ash says, check out Teva planter, T-E-V-A planter, dig a hole in your soil, put it inside and only pour water inside it.
As long as you pour water in there once in a while
your plants will be fine most plants die because of over watering at home i would agree with that
the challenge that i've run into now is i have i don't know like it's split half the half of them
indoors the other half outside and in florida heat like you gotta water even if it's the same
plant you gotta water them at very different frequency So I had it dialed in pretty good where it's like, oh, just
once a week, I water all my plants and that, that worked just fine. Minus some that I would either
water lightly or skip a week. Now though, it's like some of the ones outside, I got to water
daily. I want it today because it rained, but it's, it is definitely much more to think about
now that what I need to do, I should just work with clod or chat GPT and have it sculpt a,
like a water and plant watering calendar for me.
And then remind me on,
on when I need to do it,
until I get the robot that can do all the watering for me.
I will,
try to think,
I think here I've just got like,
this is,
I think a spider plant.
And then this,
the other over in the corner, a, uh, um, this is, uh, I think a spider plant. And then this, the other over in the corner, a,
um, snake plant, but good for air filtration. And, um, but I, yeah, I've, I've gotten,
I've added some herbs and I don't know if I'm going to do like, if I do the, do the,
the raised bed or like, like you were referring to like maybe some tomatoes, but tomatoes get like,
I feel like tomato plants, as they get mature, they just get kind of gnarly.
And I'd rather have a more of like a, just a cleaner look if I'm going to go.
So probably sticking with herbs, maybe some peppers, just like light stuff.
I mean, you can do like lemons and avocados and all these things that
i cannot do or even like a mimosa tree i don't know if i if i did live in that kind of climate
i would definitely grow the exotic things i guess i can't grow here which are probably not exotic
to you since they're endemic to the region but i don't know my mom oh go ahead not not exotic per
se but i i you're absolutely right like in addition to papayas i
should do some citrus plants and stuff that i think where i'm just i'm impatient and i want to
like like i can like six months a year but i don't want to like something that's going to be a year
years out before it starts bearing fruit is like uh so i i think maybe i buy one that's already got a good start or, um, I, that's what I need to look into
is what, what will, what can I plant like now and by fall or this time next year, it might actually
have fruit on it. And yeah, that would, um, yeah, strawberries is an option. Yeah. I, I am on the,
those spread though. So be careful depending on where you put them. My mom, when she moved here to our city last March, because she found out that she had terminal cancer, so she was going to pass away.
She had a green thumb, by the way.
Unlike me, she could grow all the things, and she loved her plants.
She would talk to them.
Anyways, she came in and she left.
She's like, this is my celery plant. And it was this celery plant that she grew from like
buying celery, putting it in soil. And she had it for like three, at least if not four years,
like this thing had like a thick stalk that almost like barked over. It was kind of impressive,
this celery plant. And she's like's like you know when it dies i die
and i'm like wow okay thanks anyways of course yes she's dead the plant is dead there's no way i could
baby that thing is insane but as an homage to her i recently purchased some watermelon radish to eat
and i was like hey what if just maybe i can't do celery, but maybe I could make this watermelon radish like sprout leaves.
And I did.
Like I just put it in like a, I had like a teapot that lost its lid.
So I just, it had some soil in it.
Actually, I took the soil from my mom's celery plant that was dead and I shoved it in this teapot.
And then I put this watermelon radish in it.
And now it's like all blooming and it has leaves.
I don't know what to do beyond that.
But like, you know, I don't know. It just beyond that, but like, you know, I don't know.
It just, it just seems kind of like fun to try to, I don't know if you've ever done that
where you like buy vegetables or fruits at the grocery store, but then you try to grow
stuff from there.
I've heard of people try to like do it from the avocado pit or something, but I can never,
I don't, that seems complicated, but that would be cool to do an avocado tree.
Yeah.
I, um, a couple of thoughts.
One, my dad or stepdad, uhdad who passed a couple of years ago,
he used to grow these gigantic yellow tomatoes. It was so good, like best tomatoes you ever had.
And my brother still has some of those seeds. I'm going to plant. I'm definitely going to do
some yellow tomatoes. If I do tomatoes, I'm going to do the yellow tomato type. Shout out to Jet, who shared this tower garden. Says it's the technology used by NASA. Also, we had Sobiash shared that Teva planter. But a lot of technology to help you to have, even if you don't have the green thumb. I don't want to say like set it and forget it. But yeah, a lot of it's getting close to set it and forget it.
I don't want to say like set it and forget it,
but yeah, a lot of it's getting close to set it and forget it.
Speaking of NASA technology,
have you been following Artemis and this moon journey?
What's your thoughts on this?
Did you watch the Netflix live stream yesterday?
I watched Netflix.
I was busy yesterday, but I watched the launch.
Our entire family sat there and watched the launch,
and we were like surprised it actually went so smoothly.
It was almost like, wait, what?
What do you mean it's taken off into it is he enjoying it oh yeah yeah yeah no we're all we're all into space so yeah that was great um i've yet to watch the the stream from yesterday
but it's on my list of things i want to definitely see did they play pink floyd like during this
because they had to have i did not um i didn't watch the
full i turned it on for a little bit uh i just i was actually i was kind of surprised i went into
netflix and i couldn't find it like i had to search for it uh and eventually it was the like
couldn't i don't know if i could even couldn't even find it like searching artemis had to search
nasa and then i could find the live stream i was. I was surprised it wasn't like as soon as you logged in, like highlighted as like their feature live show.
But it was when I logged in, there was just nothing going on.
And so I was like, oh, maybe I'll log in later when they,
when they round the moon or whatever.
But I ended up not going back.
I saw some clips, saw some new pictures, some new images.
And I heard, I missed it, but people were talking about in the war room about
um some some brands did a good job of getting some free advertising like i guess nutella
i'm getting like where the was that real or was i thought that was an ai movie that like
the nutella social media interns made by putting nutella in there like you couldn't put anything
in there like as a thing that floated by the astronauts. I thought that was AI, but are you saying that's
actually real? I have no idea. I don't know. I didn't fact check it, but I just assumed that
it was fake. Good, good call. I really, um, it's so hard nowadays. It's so like, what's real?
hard nowadays it's so like what's real what's what's ai like the whole and not only what's real
what's what's ai because the quality of ai but also like our weird our world is just so weird
that it's like things that you would think oh that's ai ends up being like trump talking about
bombing iran next to the easter bunny like if you said that a few years, like, oh, it's clearly someone's like just playing with AI.
No, I'm pretty sure that was real, but I just, I really don't know what to believe anymore.
AI is so good and the world is so weird that it's hard to, hard to distinguish the two.
But it looks like, I guess, Nikon, Nutella, and Apple.
Nutella had a flyby on screen.
Mayhem, Hizzy, I don't know.
Was that AI?
Was it real?
Do we know?
Are we guessing?
Yeah, not playing Pink Floyd, though, would have been a miss.
That is, yeah, that was some low-hanging fruit,
speaking of horticulture and our planting.
Zonka has been calling it Fartimus because of the toilet troubles.
That's pretty good.
I saw we had Simple Farmer jump up on stage.
I do want to talk a little bit about Pixel Pups here in a bit.
Outer's like, what are we talking about today?
Mega ETH had a big update coming out yesterday.
We'll at least do a flyover and hit on those bullet points, hit on those highlights. We had a pretty deep conversation yesterday regarding NFTs.
And Dort correct me. I don't want to say NFTs are back because too many people take that as,
they're interpreting that as, oh, the bull mania of 2021 is back
and things are going to rip to 100 E floor
and that's never going to happen.
I'm not saying that.
That was a bubble.
The bubble popped.
But like most bubbles,
there's a 99% of things will go to zero
and then there's a few that survive.
And the technology is not going anywhere.
The blockchain tech isn not going anywhere. Like the blockchain tech isn't going
anywhere. Like, are we ever going to get back to a mania where every day there's hundreds of NFT
projects minning out and then you could flip it for 100x the next day? No, absolutely not. I'm not
saying that. In fact, I don't think anyone's saying that. But there's some very real momentum.
For the first time in a long time, we saw some
announcements that actually created excitement and the timeline is a buzz again and floor prices
are up. And could it be a short-lived pump and go right back to zero? It could be, but it feels
as if there is some positive momentum. And I think the other thing that I saw Feld talking about it,
the very few people reference, and it's unfortunate that it's not a leading KPI.
It should be.
It should be far more important.
Well, maybe not far more important.
It should be looked at more often than its floor price,
and it's just not.
But it's things like unique holder count,
mutants, apes, all-time highs.
Like, that matters.
There was also, I saw a few individuals were saying though that
the ratio is mispriced, that, oh, apes shouldn't be five or six X the price of mutants.
And these are mutants saying this. And it's like, if you factor in available supply,
if you factor in available supply, they're not mispriced.
I mean, one is provenance matters for some.
There is the OG asset versus a secondary collection.
But when I say available supply,
it's not 10,000 to 20,000 or one to two ratio.
Rather, it's of those 10,000,
how many are actually available, potentially available for sale?
And then same thing with the 20,000, how many are potentially available for sale?
And the reality is there's just far more mutants.
And even still, you've got to have to do some searching.
Both the floors of both those particular collections aren't great.
You've got to pay up a little bit.
You've got to pay a premium.
Some people, I mean, we flashed some tweets yesterday, some people looking and it's like, you almost got to
go about two X the floor to find one that is aesthetically pleasing or one that you would,
you know, you'd like to hold long-term or you'd like to make it your digital identity.
I just, I think that there is a larger percentage of the 10,000 that just aren't for sale. There's a lot of OGs or not even OGs like
myself and others that were around near mint time, but people who've picked up over the years that
they have just, they joined the club. They didn't buy an asset to flip. Although I did see someone, I think,
already made a couple of ETH on an APE. They flipped here over the last week.
When floors do run, if you are trading, I'm not suggesting trading. I'm definitely not suggesting
put any money in. You can't afford to lose. I'm not suggesting it's a good time to trade in FTs.
But if there is an access pass, if there's some utility, if there's a club you'd like to join, if there's a community you'd like to be a part of, if there's art you'd like to hold, and you have disposable income to invest in said asset, now might be a time because if it does run, if we ever do get – let's say in the case of Yuga, if the clubhouse is a hit, the supply is really minimal.
Like 10,000 is not a lot, but the reality is there's not 10,000 available to sell.
It's just realistically there was, I don't know, somewhere between 30 to 300 that just continually got farmed around on the floor through blur farming and open seed farming.
got farmed around on the floor through blur farming and open seed farming. And now that
that's ended, you're seeing the assets that are desirable, they're hard to get. Some people just
aren't selling. At least, as I said, 10-year journey. So at least for the next five years,
mine's just not for sale. So that's one that's just off the market. And there's a lot more like myself.
And even if the percentages are the same, meaning let's say 50% of the apes aren't for sale and 50%
of the mutants aren't for sale, when all of a sudden you've got that difference between 5,000
and 10,000, while it is a two to one ratio, the reality is there's going to be a lot more
that are, you know, supply matters and supply crunch happens with the lower supply.
And, you know, floors are thin, momentum is back.
And yeah, for people that are looking for, I also do believe if the clubhouse is hit, as we talked about yesterday, comparing it to social clubs and what memberships and monthly dues or annual dues cost.
what memberships and monthly dues or annual dues cost, I do think if you look at all the
NFTs that are an access pass, you could easily build a case that units are underpriced with
the clubhouse coming, especially for those in the Miami market. But all that being said,
I don't know if you caught the NFT buzz over the weekend or the floor prices running up.
Maybe if you have any thoughts on that, if not, maybe a good time to get in a market update.
We'll get everyone brought up to speed.
What happened the last 24 hours?
And then we can continue the conversation.
Thoughts there?
I mean, yeah, I don't know if there is like any kind of strong driver to say NFTs are full on back I think this is still like
maybe a reactionary to the clubhouse or whatever but two things that I think are interesting one is
I'm still part of the the mutant cartel and I guess they had a draw for their VIP members and
I was sent an inscription I guess they had like these mutant
hound inscriptions i don't know i don't know much about what they were doing on bitcoin but
apparently i i won one of these things and it was just kind of funny to me it reminded me of like
the good times when you entered some kind of discord raffle and and then you know you won
like a spot or you won token and i don't know it is kind of like fun to it it may it gave me that
like nfts are back sentiment and then two in that discord somebody was asking if they like they were
looking at mutants or or dogs and i haven't heard anybody utter anything about board eight dogs in
a minute uh until you said that totally same right but i i i gave them this insight uh
because you know they're like is miic or b akc goodbye right now and i said for whatever it's
worth when they launch token gated things like merch or events or whatever they don't generally
include dogs for access so you know like do that would do without what you will and i don't even
know how much dogs are i don't know i don't even know how much mutants are. So like,
no idea. But, um, I, I just remember that if, if you use an ape, you usually get a little bit more.
If you use the mutant, you get something. And if you have a dog, generally you didn't get much,
uh, in terms of access to like events and that kind of thing. So, you know,
I'm surprised and maybe,
maybe I'm wrong.
Maybe they are.
I'm actually kind of,
you say I'm surprised we haven't seen dogs in the other side yet.
I I've always thought that would be where the dog really comes into play is
potentially a multiplier.
Another side,
a companion in other sides.
If you think about like,
I think of like world of Warcraft type, if you're going in this open. If you think about, I think of World of Warcraft type,
if you're going in this open world and you're exploring,
you have your main character, it's just you.
But yet a dog could be a companion that gives you some extra hit points
or it's got rocket launchers on it that gives you some,
basically a power-up in-game.
Maybe it's just too early for that.
Dogs are still at a ..18 ETH floor.
It's not nothing.
They had kind of slipped my memory until you said that.
We're going to do the market update kind of in reverse order.
I will, you said you're not familiar with the mutant floor.
It's up now to 1.05.
It has been on an absolute ripper.
If we look at analytics here, and it's not on no volume
either, 265 ETH in volume over the last seven days at a time where NFT volume is at essentially
all-time lows since the mania. So we've got overall volume down, but yet we're finally starting to see
some of this consolidation into the leading brands. And I love that it's not
just the OGs, it's not just new collections, but a combination of both. And it's, I guess,
the common theme with most of the new collections is they're really leaning into the tech. We will,
Simple Pharma, I'm not ignoring you, we'll bring you to the conversation in a little bit once we
knock out this market update. But it's, you know, Simple Farmer just launched Pixel Pups.
And that's tied to a whole, you know, a whole array of DeFi products and a token.
And there's a lot baked into unlocking the technology and doing more with these assets
than just being, you know, a collectible digital asset.
You know, you've got, you know, we talked about normies
and having 10 different smart contracts
and really leaning into some of the new technology.
Something that didn't exist in the early days
is how wide this distribution is.
So you look at, I got mutants
pulled up here now. There's 12,104 unique owners, 61%, 62% of the collection is distributed.
It's pretty strong metric. In fact, I don't know, maybe they do exist, but I don't know as if
there's another collection at or near or above a one-eath floor that has over 12,000 different holders.
And might some of these sell?
Sure.
But a lot of these people, they picked it up because they wanted to join the club.
They're going to these in-real-life meetups.
They're looking forward to the clubhouse.
They're looking forward to ApeFest.
to ApeFest. They enjoy OtherSide. While OtherSide may not be for you or any particular person,
They enjoy OtherSide.
it's a very vibrant community. There's a lot of people that are having a lot of fun there,
and they're leveling up to level 60 now on OtherSide. By the way, Figgy is going to be
joining us tomorrow. Not 100% confirmed, but I think Figgy is going to pop in, and we can pry
all the alpha we can out of Figgy. But again, floor price up, not only is the floor price up 43% in the past week on some pretty
serious volume, 266 sales, you're seeing a lot of sales well above floor. You're seeing people
collect what they want to collect. And I just don't think because of the current market dynamic, I don't think people are buying to speculate.
I think they're buying because a little bit of FOMO.
They want to be a member of the club.
They want to hold a mutant or an ape, and they don't want to see the floor rip up to a price where they can no longer afford it.
I saw some people were already regretting that they've been targeting it and they just thought things would go lower. And they were bummed out that
they didn't pick up one below an ETH. And it seems to be, oh, it's the last time you're going to see
it below an ETH. I don't know that. I mean, this could be back to 0.95 tomorrow, but there's some
really real momentum. And I don't think it's, it's not nothing. I'll share Diablito take here in a
second. I've got some comments from Dora. I see Poppy joined's not nothing. I'll share Diablito take here in a second.
I've got some comments from Dork.
I see Poppy joined us as well.
We'll get you in the conversation here shortly.
Dork says, I wonder if what's about the new website
that suddenly gave the floor a lift.
It's been on the roadmap for years,
talked about forever, officially announced at ApeFest.
Says, but perhaps the performance of its own domain
being officially on their permanent and new website
really ignited a spark and realization.
The in-real-life chapters push
combined with the push for the clubhouse
reminded people while this brick-and-mortar
in-real-life element is such a big deal.
I think it's a combination of everything.
I think it's a combination of that.
I think it's a combination of...
The memory lane on the website, I think, was really nice.
I agree.
I really, really enjoyed scrolling
through all the things and just being like oh my gosh i can't believe how long it's been i think
that that's really cool um one thing i wanted you were talking about like the tech and this idea of
collecting though there's something that is missing for me that i don't think most people
probably would even care or take advantage of like i, as a product person, I know the space does not need it.
As a collector, I need it.
And it's actually funny because, like, we already had this available on a marketplace,
but then it evolved and it's no longer there.
But I really miss the ability to, to like bundle certain assets to sell because because a
lot of like like for instance like you know what if there's an ape and a matching deed or like a
moonbird and a matching oddity or like if you've been collecting for a long time you have these
like really cool sets with like low provenance maybe it's like literally only been in one wallet
and i know like we're used to like jpeG floor price kind of buying, but I think it would
be nice to maybe go back to, and again, like user sample size, probably a hundred in the
entire space that would actually even care about this kind of thing.
So like, is it worth it to build this?
Absolutely not.
Nobody would use it.
But I love the idea of like, I remember looking
through people's bundles when people could list stuff like that, like, especially like OGs or
even like project founders or like, I don't know. It's just really cool to like see somebody like
be able to put together something on offer that they think is valuable. I don't know. It's a
different way. Like, like we've, we haven't really had a marketplace. Like you have
like a, you know, like a Facebook marketplace or any of these things where you can actually like
even add a description to what you're selling. Like there's a miss with how people buy. And if
we're in a collectibles thing, like you definitely want to say like, this card is mint condition.
Well, what does mint condition mean for a digital asset? Okay. Well, to me, that means that maybe it
was just minted and it's the only wallet it ever sat in instead of something that's just been floored over and over
and over again because to me that represents the use of it i guess in a way i don't know i'm like
spitballing stuff but these are the things that like that are interesting i love it i agree and
i i'm not saying like i also agree with you there's maybe like 100 people that care about
this stuff but i i that it matters that people do care and that what that existed before people were really into full set oh i know i
remember because you know like yeah the the the the great uh the great blue sea had collection
offers trade offers bundles all of the like collectible things and then i remember when
that product pivoted more to like blur type, kind of like
pro trader view. And that's fine. I mean, that's the market did want that. So that makes sense.
But there was a lot of those features that were like adding stuff to your cart, sending stuff to
another wallet, all of the things that made OpenSea a collector's platform, those things were sunset for like a trader platform. And that's
fine. But it's something that I definitely like in my day to day, I remember that because I was
like, Oh, maybe, maybe I do want to list my Moonbird. But if I did that, which is literally
only been in one, like, like it was, it was in two wallets, I think, from a transfer, like,
that's it. Plus, I have a matching oddity and a matching mythic
and all these things that I would want to bundle together
if I was going to offer them to somebody
or even to show them off as a listing, right?
Like, we're missing that, I think, from NFT retail
if NFT pivots into collectibles.
Great assessment.
And I think this thing went in cycles, right? It started out
very much so collectible in a community-based sector, NFTs, you know, being as a, an asset
class. And then it went from, quite frankly, went from collectibles, similar, not, not too
awful different from baseball cards and football cards and cardboard collectibles, albeit on-chain and
much less friction and different. And then we went so far from, I feel, away from collectibles,
and it cycled much more into trading. And a lot of them, they became, Kobe called it early, they became in many cases altcoins with pictures.
And the rarities, the collectability nature, people stopped caring about full sets or their
token ID or aesthetics or mid-rares. Yeah, grails, at least in the primary collection,
still held a premium, but it was like a floor or a grail and anything in between really
didn't matter. Maybe I'm wrong, but I feel as if we're getting back to that level where not everyone,
some people aren't going to care and that's fine. The thing I think there's only 10,000 of these,
there's only 30,000 total in both collections. You don't need millions of people. And I think
what I'm attempting to drive home is what's changed is time. Time
matters. Distribution matters. Collectively now, there's almost 18,000 members in the Bordea Piat
Club, if you factor in over 12,000 mutants and over 5,000 ape holders. And a lot of those collectors,
they don't have a desire to sell. In some cases,
like, I mean, maybe they will, the floor rips up to half a million dollars again. Are you going to
see some of the OG hoarders who round trip the, the up and down? Are they going to exit? Probably,
but I don't, I'm not expecting that as the outcome. I think, could the floor price continue
to grind higher? I think it could. And the reality is that the supply is just not much.
I mean, imagine you log on and you're trying to shop for an ape.
And one of the filter categories is has it been in Pranksy's wallet or not?
It's just funny to me.
Absolutely useless feature.
But I just think it's hilarious to think about how some of that is tied to ape lore.
But look, I don't know i there's a part of me that thinks a lot of this is is is reactionary and i think people are also on on as much as like
i love the the hopium of things and i'm absolutely here for it as somebody who adores all the jpegs
i also realize that people are down bad still.
And there's definitely people that are looking for an opportunity just so that they don't sell the very bottom if something does go up for them to at least, you know, somehow make peace with the fact that they want an exit.
So, like, I don't know.
I feel like it's a bit of both.
Right.
I think certainly some, but I don't think it's all.
I think there's some that are long for the ride and, and don't get me wrong. If these things rip up to a million dollar floor,
am I going to sell? Maybe probably so, you know, or, or, you know, the mutants gone. I'll say that
much at least that said, like I enjoy the club. Uh, I'm really looking forward to the clubhouse
and they are leaning back into, I think part of what,
I think it's a combination of several things.
One, I do think sentiment across the board,
not just NFTs,
but I think crypto sentiment has kind of bottomed.
At least, fear and greed has been in fear for,
let me make sure I get the right.
It's been at or below 34 for 47 consecutive days, the longest sustained fear streak since 2022.
Like at some point, and I know there's macro stuff, there's a lot going on in the world,
there's global uncertainty, all that is far, and we're way out on the risk curve.
But where I'm optimistic isn't that floor prices are going to rip up to 100 ETH.
I am optimistic that at some point, macro changes,
at some point we see some sort of resolution in the Middle East.
We see some sort of stability across just markets as a whole.
And when you have such wide distribution now,
it's not going to take much to...
I mean, most of these collections, not all, but all of
these collections have like 2% of the supply listed. You know, that's not a lot, you know,
and it doesn't take much to start creating some momentum in FOMO because, I mean, you're seeing
it now. You see on the timeline, I mean, just right now, PlatyMama says, reached level 25
yesterday in OtherSideMeta and collected over 100 Easter eggs.
Wish I had gotten a mutant at 0.8.
Would have had to liquidate a bunch of smaller projects.
I've lost count of the amount of people who said, oh, I wish I would have bought under an ETH.
There's people that really do.
It's an aspirational goal to own a punk, to own an ape, to own a pudgy, a quirky.
A lot of people had these as goals, and they've been around. The people who are around still,
I think, are much more likely that they actually enjoy the space. They're active participants.
They do enjoy collecting. They're not here just to grind out a 0.01 E flip.
And when you have such wide distribution,
like things could heat up quickly.
Like the supply is just very limited.
And I do think it's a combination of things.
I have Diablito's post pulled up here.
He says, I'm guessing the current NFT pump
is speculators back at it
because the last round of farming finished up,
wind dump, to which I gave him the market psychology
and tournament's the disbelief stage.
Do I think the fact that blur farming
and open seas farming over,
is that having a positive?
Yeah, absolutely has a positive impact.
But it's not just that the farmers
are less likely to buy in
and then subsequently dump these collections.
It's now that it's over, everyone that was a collector, everyone that's like, oh, I'd like to buy in and then subsequently dump these collections. It's now that it's over,
everyone that was a collector, everyone that's like, oh, I'd like to buy an ape someday,
but I'm not going to because I know there's a bunch of farmers and the floor is likely going
to continue to go down. Now that you have that headwind gone of, oh, this wallet holds 100 of
holds a hundred of these assets that they're going to dump. It's only a matter of time.
these assets that they're going to dump, it's only a matter of time. Now that that's eliminated,
Now that that's eliminated, collectors will really start collecting. They feel like, okay,
the bottom might actually be in. And when I say NFTs were back yesterday or they're surging,
it's not that the mania bubble of 21, 22 is back. It's the next phase of NFTs are back.
We've went through the mania. We went through farming and royalties are gone to where now royalties are back.
You can protect your royalties.
You can have royalty-enforced contracts.
There's no incentivized bidding.
There's no incentivized trading.
Collectors are going to collect what they want to collect.
And as a result, volume is going to be down.
That's not a bad thing.
I do not think-
I don't think it's a bad thing either.
Here's another
like product take i think like why if i have no way to benefit from an irl miami clubhouse because
i live somewhere where i'm just not going to travel there i better have a way to allow other people who don't have the assets or can't afford them or whatever,
be able to almost like, you know, I can delegate it for someone else to play.
I better be able to delegate my spot at the clubhouse through the assets that I own, right?
Like, if that doesn't happen, then like, and a big shift goes to that kind of like IRL thing.
And I already believe, by the way, that that should have been something that should have
been easy for people that like, like if you're, if you, if you have a crew that you want to
bring to an ape fest and I have like, you know, three or four, uh, ape assets and you're
like, Hey, Lumen, you're not using these.
I should be able to easily delegate you the use of those assets. Like there is no
reason why I shouldn't. And, and, and actually maybe collect some kind of points or rewards
or something like that's gotta be like, if we're going to expand on, I'm going to say the, the,
the word we shouldn't speak of utility or whatever, you know, like, but, but, but this is even beyond
that. It's just more like if I am an access pass holder,
which is one way to look at some of these digital collectibles,
especially when there's a clubhouse coming,
I need a way to be able to use that.
Because there is no way I'm holding a Disneyland park pass
or buying one when I don't go to Disneyland, right?
So especially if it becomes about Disneyland, right?
I'm not saying if it heavily leans into that and that's the vibe, then sure.
I think like, you know, obviously if there's like something really, you know, alluring and appealing about other reasons to hold these assets, then that's fine.
then that's fine.
And sometimes it's just for the art and that's okay too.
And sometimes it's just for the art and that's okay too, right?
Right.
Like it's all possible,
but if the narrative changes and becomes about the clubhouse,
then,
then the utility becomes about the clubhouse or at least in that moment,
you know what I'm saying?
Like that.
So I feel like I want to be able to delegate these things so that other
people can use them.
Otherwise like,
you know,
it just seemed because on my timeline,
by the way,
is meetings across the world that apes are hosting, which makes me realize how many of them are not in the US, which is my point.
Yep. Nope. I 100% agree. And no pressure, Simple Farmer. I know it may not be your job per se. But yeah, let's make sure when that clubhouse goes live, we have a way to delegate or rent out our assets or rent out access.
think for those that aren't in Florida, now where I'd say, where I'd push back and say, well, I think
you will benefit when it goes live is if, if the floor price is important to you, if you're looking
for an exit, well, you may not be able to use it, but if the clubhouse is a hit, I know this may be
a big if, but I happen to think I'm very, I've been bullish for a very long time on in real life,
I've been bullish for a very long time on in real life, social, community-based environments,
experiential retail, and something unique that's not just a restaurant or bar.
This is going to have that.
It's going to check those boxes.
And Miami is a market of five, six million people.
There's 200 apes for sale right now.
There's a lot of money in Miami. If it's a
hit and people enjoy that access and they want access to the private rooms, they want access to
the VIP section, there's not that many available. There's not like there's a billion of these tokens
floating around. There's a couple hundred of them at any given time on the market. And therefore,
I do think you could see some real supply shock
at some point. To your point of where all these meetups are happening across the globe, this is
just right now over the next 11 days. Now, this is all, actually, it's not all the states. There's
one in London. But these are real-life meetups just for the Bordepioc Club. And this is just
one of several very vibrant communities in the space you've got los angeles was yesterday upstate new york's the ninth san diego's the 10th las
vegas the 11th london the 17th tampa the 18th shout out to ape whale for organizing our paintball
meetup and then also san francisco on the 18th i i think that while the clubhouse might be in Miami, I think part of where they haven't come out and said this,
I do believe that in real life becomes one of the leading pillars
of the board API club.
I know this is specific.
Yeah, like I literally had this conversation last night
because I have a friend who lives in San Francisco
and he's in the space, but he does not have any board assets.
And I was like, hey, do you want to go to the meetup?
I don't even know if it's token gated or not.
I haven't beyond that looked into it, but literally my thought was like,
I can delegate some assets to an ETH wallet you own
in hopes you could use them or whatever.
That is the narrative because it's just like, well,
it's happening in the city that you are in.
I'm certainly not right now pulling up to San Francisco in a week or whatever. Like that is the narrative. Cause it's just like, well, it's happening in the city that you are in. I'm sure certainly not right now pulling up to San
Francisco in like a week or two. So can you use this? Cause otherwise it's just a JPEG sitting
in my wallet when other people can be using this. It just makes like, I don't know, just makes me
happy when it's utilized for something. So like, yeah, but I wish, i guess my point is that that like that it would be cool to
lean into um some way of making that not just easy but also like even incentivizing it right like
this this this this idea of irl i like but i also not even but and i also want to be able to like
extend that so that if there is like something awesome happening in Hong Kong and I happen to
have like a bunch of ape assets in Canada, I could easily be like, hey, you know, friend in Hong Kong,
you should go check this out. It's my way of introducing friends that I have around the world
to this ecosystem, right? Yep. Yep. Dort does add, you know, you can delegate shadows already.
It already is built, could easily change delegates. So yes, we know that.
Point I'm making is the front end and the incentive to show up to whatever dApp, whatever website and like and make that fun.
Right.
I agree.
That's what I think would be the great add.
addition to that is whether it's where incentive in the sense like you can rent it out or you can
lease it or you can monetize your access that you can't use at that time. It's like, oh, you have a
concert ticket. You can't go to the concert. You're going to sell it. Here, you don't want to sell
your asset, but you'd like to sell that drop for the concert ticket. Whether it's something like
that where you can, a very easy, simple to use interface where you can lease or sell your access to a specific event, or you mentioned even like
gamifying, incentivizing it. I don't know exactly what that looks like. I had to put a lot more
thought to it, but the idea of, oh, Alder has introduced seven people to the clubhouse over the last six months because she's delegated or she's invited them by way of her access.
And that adds up to some points or that gets you the next time you go, you get $70 off drinks.
I'm making stuff up, throwing it at the wall here, but I really do think there's something there to that way.
throwing it at the wall here, but I really do think there's something there to, that way,
those who aren't in Southeast Florida can also benefit from having access more so than just
supply, demand, and floor going up because it's a hit and more people want to go.
I see a lot of hands. We have Drew pop up. We have Poppy pop up. We also have Bouvet and Simple
Farmer, who I said we'd get to a little while ago. I appreciate everyone being here. We are going to get to all
of you. Let me do this real quickly. I want to do a proper daily market update, and then we will get
through all these hands and continue the conversation. This is our daily market update
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Let's break it down.
Daily Update right now.
Looking at major.
Down a little bit from the big pump yesterday,
which is even more exciting that while crypto is down,
NFTs are up in some cases.
That is another signal, as the trade orders would say.
Bitcoin is down 1.470% to 68,330. Be interesting to see,
can we plow through this resistance at 69,70K and break through, reclaim. My quant says,
if we can break through that 69,70K resistance, pretty open path to 72, somewhere between 72 to 74K to the upside.
ETH down 3% to 2081.
BNB down a percent.
XRP down 2.8%. Solana down 4% to 78.94.
Hyperliquid down 3%.
Cardano down 5%.
Pretty red day across majors.
I was trying to see if we had even any winners.
Zcash, go figure.
The privacy coin up 4.8%
and Canton up 3.43%.
That's majors.
Heading over to NFTs though,
it is a different story.
Let's get back to the main page here.
Mutants up another 6% on the day to 1.05.
Apes are flat after the run-up,
still holding 6.35. Pudgies down a half a day to 1.05. Apes are flat after the run-up, still holding 6.35.
Pudgies down 0.5% to 4.33.
There was a big autoglyph sale, six-figure autoglyph sale.
That floor as a result is up 5% to 56 ETH.
Punks down a percent to 28.47.
Azuki up another 4% to 0.83.
Poppy's Quirkies are up flat on the day to 1.16,
but continue the really strong momentum.
If we have time, we'll have to ask Poppy about this Inks Mint as well. We hit the last couple days as they were popping on the volume chart. Memes by 6529, even up 9% on the day. That floor
is 0.02. Little Pudgy's down 1.7% to 0.48. Milady's down 4% to 1.18. Normies gave back some of their gains. They're
down 12%, but still 0.16. Gimbos, I think up every single day since Mint, now up to 2,095 Ape,
up from about a $320, $360 Ape Mint. Doodles, 0.47. VFriends, 1.39. There's Inks that I was
talking about, 0.13 ETH. It must have been a Beeple sale.
Speaking of Beeples, we got a little bit of yuga love with the Justin Bieber Ape Comeback ARP.
I think it was Betty from Deadfellas said the Justin Bieber Ape is to NFTs as is Will Smith
is to eating spaghetti.
Outer, any quick thoughts on that?
And then we'll get these hands in here.
That's really funny.
I also forgot about the Deadfellas project completely.
So that's nice to know that the founder is still around.
Indeed.
Let's go.
I see.
X has been a little finickyicky if you're having any issues getting
up um check your updates there was an x update and if you're not on the current version of x it
can create some issues uh so right now the only hand i see is poppy we we lost uh drew there drew
if you're still with us i will get you back in here apologies if you had a hard out uh but let's
go poppy and then a simple farmer and then bouvet. Poppy GM, welcome. What brought you up today? What's up guys? Good morning. I, uh,
I loved, I jumped in at the perfect time because we've been building this, uh, called the Quirk Hub.
And essentially I think it's not built to replace OpenSea open sea uh but it's built to take the collecting
experience like way way way deeper so it was pretty dope it's like literally the time that
i jumped on the call outer's talking about um like what open sea and all these marketplaces
are lacking and we've literally been building it for the last two months
we're rolling it out um this month for sure we're just fixing some of the ui stuff and doing some
design work and adding some new features and outer shout out to you i uh i texted the dev and said hey
let's let's put like a little counter on there of how many owners
the asset has had. So how many wallets it's touched. So real time, real time updates here.
So Outer, you get- Oh, you said you did that off of her take today.
Yeah, yeah, yeah. I was like, that's actually a great idea. So I texted the dev. I'm like,
yo, let's do this.
I'll send you my invoice.
Yeah, got you, got you.
I'll send you the inbox for it.
I lost the password.
No, I'm just kidding.
No, it's a great idea, and it's a really important conversation because I remember when OpenSeaSun set that bundle feature.
set that bundle feature. And for many people, it didn't really matter. But specifically in like
And for many people, it didn't really matter.
apes, people used to list the full sets. And then in quirkies, there's alpha sets where the OG
quirky and the quirkling have the same ID number. And that was really the only way that you could
find them, you know, if they were both listed in
like a seamless matter. So when that got sunset, it did devalue the alpha sets to some extent,
because people used to bundle them together, and it was like a thing. So we've been working on this
work hub. It's actually started as like a vibe code um it started as like a very simple vibe
code build out from one of the guys in our community and i said dude i don't even know if
you like understand the full potential of where we can take this and so him and i just got to work
on it it's been at least two months and we've just been building and building and building. And I think people are going to be very impressed.
We are using Seas API.
So people can, you know, if they see assets there,
they want to make a purchase, they can buy it.
It'll still route through OpenSeas listings.
But one of the things we've explored is, you know,
maybe using CrossMint or some other kind of payment gateway as an alternate so that people can purchase with fiat.
Which I think is very important. You know, we're really going more of the collector route.
I've been on Panini a lot and just buying cards and like having fun with their platform and uh
it there's a lot of things that we can learn from panini obviously you know aaron judge shohei
otani you know patrick mahomes joe burrow those ips sell themselves so it's not like we just make this amazing platform and people are
just going to come by you know our IP our characters but we can learn a lot about the
experience of how you know Panini has taken you know sports card collectors brought them on chain, pretty much hiding the wires and making it really
like a pretty clean experience. One of the things that I really like there is they're able to use
PayPal and you can put bids directly on the assets via PayPal, but the money doesn't leave your account until the bid is
accepted. So that's how I've accumulated most of my cards. I'm putting bids and just having fun.
So we're building something like that. And I think that it's very important to get back to
really catering to the collectors because if the technology is catered towards
the farming or the flipping, those behaviors are going to follow, right?
Compensation drives behavior. It's a simple psychology, you know, understanding. So I love
that part of the conversation. It's something that I've been thinking a lot about. If we want
to be different, we have to build different things. And that's really our focus this year.
So yeah, I love that part of the combo.
You know, in terms of the Apes stuff,
I think, you know, obviously traded Apes from, you know,
early 22 all the way up and all the way pretty much back down.
I do think the clubhouse, you know, finally coming, depending on what there is to do, what it really is, um,
which I haven't seen, I'm sure they have some details out. I think that that could be a pretty
big impact, you know, because we have a quirky office. It was something that I set up pretty
much right away when I did the acquisition and I had Roxul come in, he painted the walls,
you know, put like 16 to 20 different quirks on there.
We decked it out. We brought in all of our different stuff made by the community with
the IP, stuff that we've done, apparel, art, and really decked the whole thing out.
We had a couple big holders. One of them has like 80 quirkies. One of them has like 30.
couple big holders. One of them has like 80 quirkies. One of them has like 30 and they were
in town. So they came in with their wives and when their wives entered the office,
the energy changed. Now this is just like a, you know, what, 800 square feet couch desk,
you know, a little table to sit down. It's not this clubhouse, but since they left,
I've received messages from both of them that
both of their wives wanted to get a quirky. They're like, thanks a lot. Now they want one
from my collection. So this is, if I can interject real quick, I think this is very real and it goes
across many collections. I think in real life is very real. In real life, it's easier to see a
vision towards where a brand might be heading. It's easier to see, out of sight earlier, utility.
It's hard to see utility when you're just talking digital assets. And when you're talking digital
assets in an era where there's not going to be any more airdrops, there's not going to, I mean,
I shouldn't say no, never anymore. There might be something with other side one day or there's some newer NFT projects that maybe haven't launched. That could happen, but I don't think people are collecting or spec of NFTs 2.0 or this next phase that I do think we're potentially at the beginning of or heading into.
And I think whether it's an office space or just you meet up at a, you know, like VFriends does a great job of these in real life meetups as well.
And you see them all across, you know, in many different markets.
It takes a digital asset and makes it tangible.
It gives you a, you can see, you can see and experience that utility. We see it almost every
single year at ApeFest. People come out of ApeFest and it was their first time experiencing ApeFest,
like, oh, now I get it. And then they go and buy a mutant or they go and buy an ape.
I think just what you described, I think that is the downstream effect of the clubhouse is
someone comes as a guest, they experience, they have a fun effect of the clubhouse is someone comes as a
guest, they experience, they have a fun night at the clubhouse, like, oh, now I get it. And now
it's easy to, now it's, it's much easier to, to start attributing value or is 1.05 ETH worth it?
Well, there's all these other things like, oh, it is a digital asset. It is a collectible.
It is art. You can use the IP, et cetera, et cetera, et cetera.
But whereas before you'd be like, okay, this 1.05 ETH gets me access to one ApeFest a year.
And then now the clubhouse is there.
And if you're in Miami, it's very easy.
Like, oh, I enjoyed this experience.
I can't join any other social clubs or even close to this price.
And in most cases, they're more than one ETH annually. I want to be a part of this. I'm going to go get one. I want to participate. I'm
going to come to this once a month or every other week. For the people who aren't in Miami,
I think what it also does is it's easier to see a vision towards how that could grow,
how the community could grow, how the network could grow. And oh, by the way,
if it is extremely successful, there is a path. You can connect the dots to that scaling. And then
all of a sudden, now there's a clubhouse in Toronto. There's a clubhouse in London. There's
a clubhouse in LA. I'm not saying that's their plans, but it's easier to see and experience
that utility when it's in real life and it's those sorts of experiences
as opposed to just purely digital.
And the digital nature, the tech can't unlock a lot more, not just gated access and tickets
and all that.
But Outer alluded to the activations tab earlier on the website, it takes you a minute to scroll
through all this stuff.
They've done a lot and not now you saw like, Oh, other side net launches Nexus. Yeah. That,
that's, that's digital in nature, but the majority of these, I haven't done a full count,
but I believe, you know, telegram stickers, not a, not a physical in real life experience,
but the majority of these more than more than half are wasn't in real life activation wasn't
ape fest you know um you know multiple ape fests obviously nft paris you know um you know the
collaborations like there's been a lot of a lot of activations and it's easier to forget about these
because time is real and you go and you enjoy something and you're like, oh, like, I forgot they did that.
You know, I forgot they did that collab with McBass.
I forgot they did.
I forgot Snoop Dogg and Eminem did the video at the VMAs.
Like, pretty cool.
I forgot that ApeFest 2 was on a pier and it had four nights of headline artists.
You know, I forgot they were future enrolling like it's it's just i think easier to not only remember but look forward or or
speculate forward on what this could become and i say speculate i'm not saying speculate on
price go up or number go up but if you're talking about a lifetime membership to a club, I do genuinely
believe you'd be really hard pressed to find a club that has this many activations in the last
few years that's only $2,000 give or take to join. Most clubs are significantly more expensive.
And it's an analog that's easy for us to relate to. It's
easy to explain and share with our, whether it's your, your partner or your spouse, or like I've
been talking to my girlfriend, I showed her renderings of the clubhouse. Like I'm excited.
I'm excited. Am I excited? Like she tunes into the space every once in a while and I'm grateful for
her support. She's phenomenal in that regard. Far more than anyone I've ever had a relationship with in the past in terms of like attempting to understand what I do and,
and at least, and, you know, appreciating my passion for something and like, but I'm not,
not look, I'm not like, Hey, you gotta, you gotta join the discord with it. Like I'm,
I'm zero interest, but I'm, I'm really excited to take her to Miami and show her the clubhouse and introduce my friends.
Right. Like that. That's I am really I invite her to paintball.
Unfortunately, she's she had a work event. She can't do paintball on the 18th.
But I was like, no pressure, no obligation. I don't know if you'd be into like the paintball thing at all.
But it's like, oh, absolutely. I'd love to go. I'd love to meet some of your friends.
I just she can't on that particular day. But there's, at least for me, for my journey, it's much good time, but she's not going to be hanging out on coffee with captain every day. She's just, she's not into the tech like I am, but the people matter. Like she had, I think some core memories. Like she got to hang out with, with job rule at a, at an after party. Like it was something that she probably won't forget for any time. And maybe not ever. That's the sort of stuff that it takes like one memorable night. You go to, you go to the clubhouse, you have one
memorable night in Miami. Is everyone going to want to go rush out and buy a mutant because,
oh, I got a, that was incredible. Probably not if they don't live in Miami, but they're going to
remember it. And it's much easier to explain. I don't want to say justify, that's the wrong word,
but it's much easier to explain what,
to explain what when you can have others experience that in real life so i i think this
recent run this this recent sentiment shift it's a combination of a lot of these things it's a
combination of farming being done bringing some of the collectors back collecting and while the
club was known i i think it was, it was another proof point.
Like it was like maybe a week or two ago,
I was pretty critical of Yuga for not having any updates other than other
side since eight fest. This was a real update. This was like, okay,
not only is the clubhouse definitely happening, it's coming soon.
It's going to be in Wynwood. So any, any of the doubters,
anyone that was like,
maybe they decide they changed their mind and they're just going to do the in real life pop-up tours and not do the clubhouse.
Like this is, it's happening. It's happening. Apparently if you believe the matchbook,
it's happening in 2026. And so I think it's, it's just a proof point. It reconfirms
that, okay, this is happening and I can see the path towards where this thing might be heading.
okay, this is happening and I can see the path towards where this thing might be heading.
Yeah. I want to jump back in because you just made some like really incredible points. I think
go back to when I first moved to South Florida, one of my good friends was like,
he was a member of Grand Oaks golf course. That's where they filmed Caddyshack.
And it was like $6,000, $7,000 to join.
And then you had these monthly maintenance fees.
But you could go golf whenever.
They had a really cool clubhouse.
You know, you get to sit in the lounge.
You have your own locker.
My locker was right below Tua's, Tua Tonga Bailoa.
I thought that was the coolest thing.
But that's pretty cheap, really, because there's other golf courses, as you know, Cap, I'm sure,
Of course, as you know, Cap, I'm sure, especially on the West Coast of Florida, that people pay these outrageous HOA fees to live in golf communities.
especially on the west coast of Florida,
Or they join these really exclusive clubs and pay $50,000, $100,000, $200,000, sometimes even more, $100,000 just to get the membership.
And then you have upkeep and fees. So that's one
of the greatest examples of people joining exclusive clubs. I know Michael Jordan has
some crazy golf courses that he owns or he's a part of that cost millions of dollars.
People will pay the money for the exclusivity. The one thing that I think they can do really
well at the clubhouse while you were talking, I was thinking about the exclusivity. The one thing that I think they can do really well at the clubhouse
while you were talking, I was thinking about the locker effect.
Like if people have some ownership inside of it,
it becomes like this special incentive.
It's like this kind of a cool ownership bragging right where you're like,
yeah, like if you buy this, you also have a locker at the clubhouse
and maybe they do like free roll poker tournaments.
You know, maybe there's just some specific things there
that are going to draw people.
If they do it right, it's a grand slam, 100%.
I think it's undeniable because you're then mixing
all the other utility and all,
and, you know, the gaming and all that stuff.
So I just think, I think it's a home run
i don't know if that's moving the needle now but it is a perpetual thing that can move the needle
and definitely excites like people who want that like fellowship networking honor it's wholehearted
it's it's one of the i don't say it's not what got me into nfts but it's what kept me like this
to me as someone who enjoys that sort i, I enjoy meeting people, I enjoy hanging out, I enjoy networking.
This was far better than any networking experience I'd ever experienced before.
It is a great community.
I've met a lot of incredible friends.
And we went away from community and the networking and got into, oh, these are just assets to trade.
And we lost some of that. I mean, people were talking about in the timelines, right? How fun that, you know,
the months following the Apes minting was because people were meeting each other. They were really
enjoying the club element. And can you have that without a clubhouse? Yeah, you can. I mean, we had it before. I just think it makes it so much easier to visualize what that may be and explain it to others.
And we used a country club analogy previously or comparison, and some people weren't, oh, there's no golfing here.
So remove country club and just look at social clubs.
I showed this yesterday.
I'll show it again, and then Alder will get you back in here to get your thoughts on this.
Yeah. To Poppy's point, some are far more expensive, you know, remove Indian Creek,
which is you got to be a billionaire to buy a property on the Island. And, uh, you know,
the home, the floors have got a $20 million property, but removing that, removing that one,
most of the other social clubs in Miami are, fee, like upfront dues of anywhere from $5,000 to $250,000.
And then you're paying on top of that, you're paying annual dues.
The lowest, the Miami Yacht Club is $1,500 a year.
Soho House, which is probably the most affordable or lower cost that's beyond just Miami. It's $4,200 a year, not once, every year.
So call it $500, $600 a month. Is that right? No. Math is hard. Harbor Club, $2,500 a year.
It goes up quickly. The Bath Club, $18,000 a year. The Surf Club, $15,000 a year.
It goes up quickly.
The Bath Club, $18,000 a year.
The Surf Club, $15,000 a year.
Fisher Island Club, $22,000 a year.
These are real clubs.
And I think when you, it's got to be a hit.
But the concept exists.
This isn't something new.
It's just by using NFTs as the membership pass,
it unlocks not only the lifetime value of this membership,
but it unlocks, there's so much more, it's more than just the pass. And we also hit on this
yesterday is like with any of these other clubs, any of these other social clubs,
if you're in it for a year or two and you move or you decide, hey, I've just, it's not for me
anymore. You just move on. It're, it's sunk cost. You're
out what you spent. Whereas with the NFT gated passes, the clubhouse, the access by holding a
mutant or an ape after a year or two, if you decide you want to move on, you can sell your pass.
Like you're, you're not, it's not just zero. Even if, even if the price is a thousand dollars
instead of two grand, yeah, you still get access for a year or two
and then you still get a thousand dollars back you can't you can't get that elsewhere i just
i firmly believe we're we had um we had uh tfar on yesterday talking about an athletic club a
social club in saint pete that it's it's like more athletic more pickleball-based, more sports-based. Same thing.
You pay the dues, and then if you decide to leave,
there's no recouping any of your investment.
You're just paying dues that you never see again.
I still think that this idea of leveraging NFTs as the access pass
is a much better way.
You can unlock so much more.
You can tie in loyalty programs so much easier.
There's just so much more you can do with it,
not to mention the resale aspect for the member.
I'm going to go refill the coffee real quick if you don't mind.
But thoughts on that.
Thoughts on like, are we undervaluing the idea of a resellable access pass?
And is it partially the reason because we got so much out of thinking of these things like club,
or you even said like the dirty word utility, like let's bring back utility.
Like, and I understand these businesses have to make money.
They got to be for-profit entities.
All these other locations, they sell drinks, they sell food,
just like I expect the
clubhouse to sell food. It's not going to be all you can drink open bars all the time. But to get
access to the VIP rooms, you're going to have to have an ape, you're going to have to have a mutant.
And I think that we've just, we went so far into these are financial assets that many people
forgot what they could unlock and what we could
actually do with the tech i think it has a lot to do with how i feel as a holder of an asset going
into an irl experience versus how i feel as a non-holder going into this experience and what
the driver will be for me to become a holder and what the driver will be for me to stay as a holder.
And I think a lot of nuance goes into that in terms of also, of course,
being a revenue-generating establishment.
So it's going to be tricky to navigate that.
Because here's an example.
If you want access to a really popular nightclub,
like Bergen maybe in Germany,
where like maybe it's the color of your boots that gets you in,
you know, like nobody knows.
If you have that much demand for a place
and then you pull up and there's some way for you to always get in,
then that's huge utility.
And people that get turned away at the door are going to be like, well, okay,
how do I do that?
It's kind of the same way that like they started doing all kinds of different
tiering for festivals, you know,
like you can go to Coachella as like the most VIP person next to,
you know, having a brand deal or actually being an artist versus, you know, standing in all
the general lineups and everything like that. So I think like, but the main event has to be
so big that it transcends like you just being there. Like it's not enough that you're just
there. It has to be like a huge motivator of why are you there, right? Because if you're going just because you can't
get in, I don't think that's enough. I think that it's like the Taylor's oldest time idea
behind branding where car tire companies don't sell tires, they sell safety. What is the club
selling to me in the first place that I want to go and experience, but I don't have to wait in line to do it because I,
because I'm special or I get special seating or whatever it is.
But like at the end of the day,
the reason why somebody is going to fork out,
you know,
10 grand for a VIP Coachella pass is because they get to skip all of the
things to see some artists they want to see.
Not that I'm going to go because they get to skip all the things.
You know what I'm saying?
So I think there's nuance and how this is created and marketed to
holders and non-holders. But yeah, that's, those are just some like, just like product user thoughts
when I think about like how to set this up. Like how do I feel special as an ape holder? How do I
feel special as a mutant holder? How do I feel special just going there? But what is my motivator to show
up as a non-holder? And then when I'm there, what becomes so obvious to me that I would be willing
to pay a premium to be there as a holder? And if I am a holder, why do I want to stay a holder
for this experience, especially for a community that isn't only
in Miami, if we're talking specifically about that club, right?
Like, why do I care, you know, in, uh, in Mexico or Hong Kong or Australia, you know,
in like Sydney, like if I'm sitting there and I'm, and I have an ape in Australia, I'm
probably not going to go to IRL Miami clubhouse, like, you know,
maybe once in a lifetime, like,
you know,
if I'm going to,
if I'm willing to travel or I travel all the time,
maybe,
but like,
I'm just saying like,
what,
what,
what makes that special to me?
Yep.
Yep.
And even if you're traveling a lot,
if you do like the crypto circuit,
you're maybe there once a year,
twice,
probably max.
If you're,
you know,
across an ocean somewhere,
it's not going to be something you do regularly.
So it's both.
It's like, how do you make it special within the IRL brick and mortar,
like establishment for those who are going to frequent it.
And furthermore, how do you connect this?
Like, because that's the difference between like, you know, your, your,
your fancy country club, whatever down the street is that,
that caters to a local audience.
Like I do not care about your club, whatever, down the street is that that caters to a local audience. Like, I do not
care about your club, you know, 2000 kilometers or miles, whatever away, right? Like, and I wouldn't,
why would I? I'm going to care about the local one here. So like, but this is, this is that,
this is like the thing that makes this difficult is that like, there is a global audience to, to,
to, to target to how does that manifest itself as a brick and mortar establishment
for also servicing those who have access apparently, but probably will never use it?
So I have maybe more like pie in the sky, pipe dream-ish,
unreal, unlikely to happen, but potentially with some of this new regulation.
Clarity Act, by the way, is apparently the really close to getting a deal done.
I'm not going to hold my breath.
But yesterday, Paul Atkins, the SEC chair, said,
we will propose reg crypto for token fundraising under 33 Act.
We'll open for comment,
we'll soon have innovation exemption
for use of DeFi under 34 Act.
I'm really reaching here.
But when I first read this,
I was like, maybe there is a future
where we have another different, but another ICO season.
We have another NFT season that is a method for fundraising.
And where I'm connecting this dot to something like the clubhouse is, yeah, the idea that you could potentially lease or rent your access to others. So it becomes a yield producing asset for you because it's productive and you're able to sell that on the secondary market, not sell the asset, but sell the access to the big events or whatever it may be.
world at some point in the future where it is separated from the securities of the world and
you're actually able to share in the revenue stream share in the you know there's some sort
of profit sharing mechanism for holders i i know that's easier said than done unvault's doing it
with with their divot and royalties because it's a license agreement and you maybe there's an area
where you know i'm to say loophole,
but because you're giving rights to them,
utilize your IP that you own in a slideshow
or it's on napkins or who knows.
Somehow it's incorporated to where they're able,
it justifies, it enables
some sort of revenue sharing component,
some sort of profit sharing component.
Now, I also know before someone gets in the comments, yes, it has to be profitable.
Yes, it has to be a hit.
I understand that is still a big variable.
If this thing is the only people attending this are ape and mutant holders,
and an average Friday night, there's like six people in there,
there's not going to be any profits to share. Like it's got a, it still has to be a hit of a location. I, again, this isn't new though. Like social clubs work. This, I've shared many times in Pinellas County alone, you know, think of like St. Pete, Tampa. There's over 50 non-alcoholic bars. There's over 50 clubs that are community-based. People don't go to drink.
They go because of the community. And this stuff works. People go and they spend, in some cases,
hours there, whether they're doing work in the morning or they're doing open mic night at night.
If it's managed and ran well, they have a benefit of, they already have an existing embedded ambassador base, both locally and globally. And if, I know it's still an if, if it's profitable,
if it's a concept that's sustainable, there could be other ways for holders to benefit
beyond just, you get access to this place if you're in Miami.
Maybe a good time to bring in Simple Farmer. I'm not trying to put you on the spot.
I know you've done some interesting things when it comes to
buybacks and I don't want to say profit sharing or rev sharing, but with what you've built out
with Clutch Markets and then Pixel Pups and now
with K9, and I know this is different than you guys, different than the club, but I'm just curious.
I'm not trying to put you on the spot. I don't want you to say anything that you're not able to
say, whether it's non-disclosures or you guys don't want to get front run on something yet.
And I know there's also a lot of unknown and And, you know, these are just comments from the SEC chair. There's nothing in writing.
There's no regulations per se yet.
But just general thoughts on this idea, this concept, A, of in real life and the community, and then how holders of NFTs might be able to benefit from success to the brand, whether it's they build a successful perp decks
or they've got a thriving in real life clubhouse location.
Anything that you're able or comfortable to speak to?
Yeah.
GM, Cap.
Yeah, I think, you know, in terms of just the in real life meetups,
obviously crazy bullish.
I think the clubhouse is an absolute game changer.
It's for me, the most bullish thing about my experience
with all of the You Get Eco was 8Fest and the in real life events.
Cool people having positive experiences in real life
is an unbeatable onboarding mechanism.
So you're having that as an always on in Florida at the clubhouse
is going to be huge.
How much do I believe so i mean
my quant uh the audience tma just just added to m2 mutants as well so i was like okay it's
definitely time to grab an m2 there was one near the floor so i picked it up while during the
space while you were talking um so coffee with captain pop is alive and well yeah yeah great
show great show but no it's it it's bul It just is. Onboarding is easier in real life.
I owned a bar for three years
and I hosted concerts and stuff.
And if you can make that
a really positive experience
and have it be open to people,
obviously maybe not free,
but some way for people to get in,
create that FOMO around
missing those in real life experiences
and having them happen pretty often
and making the clubhouse just a really cool place to be, especially in like such a cool spot,
like in the, you know, Miami region area.
I just think that's so bullish, man, for crypto stuff, because we have so few things that feel tangible in this space.
I mean, when somebody drops like a plushie or a toy, people are like, wow, that's so cool
because you just get something real, right?
That's not digital.
So when you get in real life experiences,
that's like the next level.
So for me, insanely bullish.
In terms of the SEC stuff,
I think we're still moving in the right direction.
People forget how restrictive it was.
So I was afraid to deploy apps
in the previous atmosphere that the SEC was holding.
Now I'm not in any way afraid to deploy things. Obviously, you have to be careful still.
But I think their main focus is no longer targeting protocols and applications. They're
just targeting bad actors, which is the way to go here.
is the way to go here.
I guess following
back or circling back to
first of all, Fire M2.
It's also for the background
people over there. I'm just calling out
that Simple Farmer went Aquamarine
over Orange. Aquamarine still
holds. That's
the grail. That's the alpha.
Congrats on the Fire M2.
I hit on Paul Atkins' comments, but to expand upon that, what's inside the proposal is a startup
exemption. So time-limited registration exemption up to four years, allowing developers to raise up to $5 million with principle-based disclosures,
essentially a white paper standard. And then there's exemptions, larger rounds up to $75
million a year under stricter disclosure requirements, as well as an investment
contract safe harbor, a clear defined off-ramp from securities treatment as network matures
and original issuers controls decline. So to your point, like before you were kind of afraid or
weren't going to be launching apps or limited in what you could launch,
not only is that hopefully the
fear or concern subsided, but now we're getting, we're close. He says it'll be by
the end of the year, like a real path to doing this in a
compliant way, a fully compliant way
that they've signed off on. Yeah, it's a really big deal. I mean, Cap, what this means is it opens
up so many venues, obviously not just for startups, but also for just DeFi protocols.
And what it also means is that it's time for a major infrastructure upgrade for NFTs and how
they work on chain with the clarity between,
you know, what's a security, what's a commodity, of course, as well coming into play.
Yeah.
Of course, there we could get into the Pixel Pups and Clutch Anvil stuff as well.
Yeah.
Let's, good time to hit on that.
Tell us what's new.
What did we miss?
Appreciate you joining us last week.
We tried to get everyone to mint their free PixelPup.
Some did.
I'm grateful I picked one up.
And one of the success stories of March, April here with just continue a tear.
A free mint a week ago, a week-ish ago, is now up to 0.16 ETH.
And that's another positive day.
You can see the chart here.
It's up another 13% on the day.
What has come out since we had you on for Mint Day?
What do the people need to know?
What are you building with PixelPops and K9 and Anvil?
And how might other builders, other teams,
others that are in crypto,
what might they take from this,
whether it be their own project
or to work in coordination with Anvil
and all that you're building?
Yeah, so with Clutch,
the main goal is to be kind of a laboratory
for decentralized on-chain markets.
So that means we're just going to put out product.
We're going to throw things at the wall,
drop a lot of experiences. And what I think will be some of the most unique experiences in all of crypto and also great infrastructure for nfts as well that helps people scale and grow
so with clutch we dropped the anvil which is an nft amm let's which gives you a full defi suite
for an ft collection it's fully permissionless. Anybody can launch into it. And so for the first collection, we deployed Pixel Pups into that
and gave it out as a free mint to all of the blue chip NFT collections in the space.
Obviously, the floor has reflected very positively, but we're going to continue building.
My thesis is that Solana did an extremely good job
in opening funnels and distribution to Web2 traders into Web3.
And so you get this eco where you have pump fund, drop tokens,
and then tokens would run to a certain point.
And then you'd have things like Moonshot come through and list it
on a centralized exchange very quickly, make it purchasable via Apple Pay.
And then that created this whole economic loop, a lot of volume. And, you know, Alpump Fund is a billion dollar
company. It's a massive entity. But it's, I think, in part because that infrastructure existed.
You also had, you know, Jupiter there. So people could DCA into tokens. You had so many various
token trading tools. It was very much built to accelerate quickly. And so I believe that NFTs can mirror this process in a big way.
Right now, NFTs have 1% of the market cap of meme coins.
I think using the contracts that NFT collections get via the anvil,
we can have NFT collections, especially the super strong ones,
listed for the first time on major centralized exchanges
via their AMM token as their as their
proxy essentially so you know with pixel pups we're going to keep pushing for that that is going to be
the ultimate goal uh and then just keep dropping experiences i have a lot of products we're going
to be putting out um this month we're putting out something called the civilizations protocol which
is like a city builder game where uh the pixel pups holders are all going to get an allocation
of the tokens on the front end it looks like a city builder on the the Pixelpub holders are all going to get an allocation of the tokens. On the front end, it looks like a city builder. On the back end, it's actually token trading,
where you get to select one of five city tokens, call it like New York, Tokyo, Los Angeles,
Mexico City, and, you know, Dubai. When you select your city token, you get those actual tokens on
chain. You get to develop property in your city for those tokens. And
anybody can also buy additional tokens to continue developing. And then every 24 to 72 hours,
there's going to be an earthquake that actually inflicts damage on the LP of the damaged cities
and moves that LP into the surviving city. Buying the surviving city token, so all the property
value is going to jump in the surviving city. And so that's going to happen like every 72 hours dictated by an LLM
and the results decided by BRNG actually on chain.
So this is just like one example of these experiences
that we're going to continue to put out
while at the same time improving the overall infrastructure
for NFTs as a whole.
Because I think we can really take off here
that everything is looking way better
and we have better communities.
With respect to meme coins, meme coins are doing a lot better than NFTs with way less community and way less conviction.
So there's no reason it shouldn't be flipped the opposite way.
I think it's fundamentally just an infrastructure problem.
Well, I don't know how you do it.
I feel like you're shipping something new every week
and appreciate you pushing the space forward,
taking shots, experimenting on chain.
That's the other thing I think we talk about like NFT,
this new phase, this second phase of NFTs.
It feels like not only is the community element coming back
and in real life and the utility of what this access pass might
get you but it were i feel like we're seeing more experimentation on chain uh sage h in the in the
chats ask about nft normies what do you think about it i think we need to have cirque on the
show to do a full deep dive and do a proper uh discussion on on normies but i do know the one
thing that that um um is really really one thing that is really leaning into the tech, really leaning
into the experimenting on-chain. And I think that is where you get
the best of both worlds, where you can do the on-chain experimentation, do new things, whether it's
just purely on-chain and digital, or it's a combination of that with
the in-real-life element and tying in things like loyalty programs
and incentivized experiences
and just a lot that can be done.
And the tech has come a long way.
Outer, I saw you post Udi's post
just regarding the native marketplace,
which is in closed beta,
but you can buy Taproot Wizard or QuantumCat
without an Orddinals wallet.
You can pay with any wallet, any chain, even with Apple Pay.
Like the idea of buying
an NFT, forget about
Ordinals, any NFT with Apple Pay and 21
was probably almost laughable.
It was hard to get
any money on chain. I still have nightmares
over trying to bridge funds to Polygon for
a Zed Run drop that was like
two weeks in the making.
Sorry, I forgot. Oh my God, Zed Run drop that was like two weeks in the making. Sorry, I forgot.
Oh my God, Zed Run, my first 15th L.
The bridge was like,
I'm not exaggerating.
There was once I bridged and it took me,
it was well over a week.
And I got on a Google Meet,
which don't ever do this.
I didn't know at the time.
I got it on a Google Meet, which I think they were employees of Polygon.
Is it Matic?
I don't know.
The Polygon's Matic, right?
Yeah.
Okay.
My brain had to dust some cow webs off there to remember that.
Yeah.
Bridges and just like you don't even need a bridge.
I mean, I shared it yesterday.
This, I got the wrecked energy and on the back of this card, which says,
you know, claim your wreck coins. There's a QR code. I scanned the QR code and within seconds,
like I saw someone say it took seven seconds. I'll take the under, mine was definitely less
than seven seconds. I scanned the QR code, no other buttons. All I did was scan the QR code.
And the next thing I know, there's $19.21 of RekCoin.
It was 140 million RekCoin, boom, like that in my base wallet, in the base app.
Now, I did have the base app on my phone.
So I ordered another container of Rekt Energy yesterday just because I, I mean, not just
because I wanted to try the different flavor, but primarily I want to experience the user journey on a phone where I don't have base app installed and see what that's like.
Because for someone that has the base app, it was by far the quickest, most seamless claim of anything I've ever experienced in crypto.
Didn't have to sign anything.
I literally scanned the QR code and money appeared in my wallet.
I mean, couldn't get any.
It was easier than any web tool loyalty program I'd ever signed up for. Like really, really come a long way with the tech
from marketplaces to claims. And when I say this next phase of NFTs, this is partially what I'm
talking about. Like I'm old enough to remember the very first ApeFest, how much of a nightmare
it was to get your wristband and get access. And long story short, that experience,
that pain point led to the formation of TokenProof, which eventually you acquired and has become a
staple in terms of utilizing these NFTs as access passes. In 21, it was a digital asset.
And the tech was programmable software on chain now you actually can program against it now there's
actually a lot you can do with the tech especially on some of these newer contracts but even outside
of that just like it's much easier for the quote-unquote normie to participate to use this
stuff without having to know how to download a metamask wallet and loads funds and bridge those
funds to polygon like it was just it was not ready for prime time. And yet somehow we still brought in millions of
people into this space. And into this second time, it's just going to be so much easier,
so much so that most won't know. Like most are going to interact with blockchain technology
and they're just, they're not even really going to realize it. By the way,
speaking of interacting with blockchain tech without realizing it, if you have Cash App,
you know, today through the 10th,
you can go to any retailer,
you can search in the Cash App
for people that, retailers that accept Bitcoin as payment.
And if you go and spend even a dollar in Bitcoin,
you get $25 in Bitcoin back.
So I'm going to, today, tomorrow, someday,
I'm going to get a steak and shake,
partially so I can experience the UI. I'm going to go buy some fries or a burger with Bitcoin
for my cash app and then get the $25 rebate. My point of sharing that is,
it's on the cash app. The user experience should be very similar, if not the same,
as buying something with Apple Pay and getting in this world now where tap-to-pay is a reality, you don't need seed phrases,
you don't need private keys. Can you go deep in the rabbit hole and still have access? Yeah,
sure. But for most people, they just want things to work. They don't want to think about the
technology. They don't care about the technology. They just want it to work. And my bigger point being is that it enables so much more than you can do off-chain in many cases.
Searski said, I hear you talking about the reality of profits.
And while there are a lot of successful bars and socials in the U.S., food and beverage and entertainment has a very high turnover and small percentage of success.
I feel more conversation should be about how this community is going to run a profitable club, not benefit from it.
I understand that's still a variable.
There's no guarantee they're going to be profitable.
But I think you answered the question in your question is that part of the benefit is the community.
The community is not running it.
Yuga is going to be running it.
But the fact that most bars and clubs don't launch with around 20,000 passionate brand ambassadors and promoters.
Now, I know all those aren't local to Miami, but there's hundreds, if not thousands of members.
Or maybe they're not even in the club, but they're passionate about crypto and NFTs.
And they'll be in Art Basel.
And if the clubhouse becomes a destination location, word I think will spread
pretty quickly. And that's not a guarantee for success, but I think it's somewhat of a cheat
code and it mitigates the chance of failure or not working because they have an embedded base.
I mean, Bored Cuban is a community-based restaurant that leveraged the IP.
It's not Yuga, but they launched with an embedded base of brand ambassadors.
You know, whether people live in that market and they've gone and they've supported it because it's a member of the club, whether it's people visiting Miami for Art Basel or something else, and they go check it out to to again, support a fellow club member, like that concept of a real network. It's like, basically it's the, it's the equivalent of a restaurant or
bar opening up and they've not only been a member, but they're a member of a very passionate chamber
of commerce that, you know, it's not just going to be a ribbon cutting, but they're going to have
thousands, hundreds or thousands of customers come and support them both in person as well as online
and socials. Like we've seen network effects really do exist in crypto. Rekt Energy just
dropped and it's already, I think a top 50 SKU on Amazon just launched. And it's already flying
up the charts because it launched with a embedded base of passionate brand ambassadors
and supporters. That's very real. And I think we've not forgotten about that, but I don't
think we value enough the network effects that are very real and exist in this space.
And the great brands, they lean into it.
brands are, they lean into it.
Elder, I know I wanted to hit on the MegaEth post.
We'll fly over that, at least read the bullet points.
And I kind of flew over the Tapper Wizards marketplace that's in beta anything to add to that or is there anything
else uh that you're hoping to talk about today that we haven't hit on yet no i think this is
this has been a good show it's weird like sometimes we go full on into like the humanness of it all
and i'm kind of here for like i don't know like a-y kind of discussion, which is really interesting.
If I zoom out, I'm just kind of thinking about what the NFT shopping experience is going to be.
And there's just so many different ways that that manifests from something like Magic Eden,
getting rid of a bunch of projects, to OpenSea still being around and trying to manage what they're going to look like as a marketplace to all of the various individual projects, ourselves
included, creating like kind of our own experiences for purchasing.
Like, yeah, it's kind of, yeah, I don't know.
And also like in this whole vibe coding era, like you pretty much make anything at this
at this point and test the market and see if people like what you make yep yep um
point and test the market and see if people like what you make.
Yep.
that's the bigger sentiment shift i feel is we're back in experimentation mode we're back in you
know they say builders build in a bear and many of these individuals many of these leading brands
they continue to build they maybe aren't sharing updates every week or every month, but they've been working on a lot of things throughout the bear. And maybe this is it. Maybe if there's 20,000
active participants in the crypto native, in the NFT, PFP world today, maybe that's all there ever
is. Maybe there's never any new wallets or new users onboarding. Maybe. I do think there's still
opportunity for those that are here to be
success, even if there's never any net new users, because I do think there'll be consolidation. I
do think you'll see those that continue to ship and continue to execute, the proverbial cream
will rise to the top. And I say that also thinking that I do think there'll be ill and sorry I saw you were
coming up I was getting I was trying to add you there could have been an x issue if so give us
another request we'll get you up here if you're having issues if you keep failing the ad do a
quick lap maybe double check make sure on the most recent version of x and we will get you added but
yeah it's it's been it's been a little finicky.
Usually it's around update time.
We'll see if we get ill enough here.
And then while I do that, I said I wanted to share.
This was the MegaEath investor memo that came out yesterday.
They said, happy Easter Monday as the rabbit chain.
Today feels like the right time to share updates
and lessons learned since our launch.
Mega is ranked seventh in terms of hoarder revenue generation.
The change has experienced zero downtime.
They did launch the one-to-one USDM bridge.
USDM is now X402v2 compliant.
That's the AI agent realm.
Mega ETH is currently defining a universal EVM spec for MPP.
Mafia, the world market is live and open to the public.
Euphoria has completed its audit and is moving into full launch.
That's the tapped trade game.
Hit One now has access to liquidity from GMX,
which is now live with USDM as its sole vault asset.
Showdown, that's that poker game,
has completed its spring tournament and paid out winners.
And Dream has officially joined the mafia.
This team is building an options protocol.
And then in the KPI-based TGE,
if you remember, while Mainnet is live,
they did not TGE yet.
It's going to be KPI-based instead of time-bound.
They underestimated the effort required
to get the basics right.
Taking three weeks to launch the USDM one-to-one bridge, was not acceptable. Speed is path dependent. They have a tendency to design programs that depend on multiple milestones being achieved in sequence. This happy path approach works when everything goes right, but it breaks down when even one milestone slips and is really tough when the market is in peak FUD.
when the market is in peak FUD.
Building an ecosystem is a matter of clever coordination.
To move faster, we must make clear
and at times uncomfortable decisions
to reduce dependencies and align teams.
And they fail to credibly explain their current phase
to the public to tell the truth.
It's an awkward phase.
On one hand, we've been deliberate
in holding a high bar for TGE.
Conversely, we need to make our progress visible
as teams work towards that goal.
Without clear framing, our silence has been interpreted as stagnation. That is now changing.
A meaningful number of applications are moving into public release, and our DeFi flywheel is
beginning to take full shape. April will be a defining and exciting month. We will ship new
products, introduce new mafia projects, and launch novel
primitives that actually solve problems, all carrying the usual mega energy. That was the
mega ETH investor memo that was sent out yesterday. I did pin that up top if anyone
wanted to do any further reading. And we will keep it real here before we get y'all out of here.
But before we go to that,
Elon, GM, welcome to the stage.
We'll brought you up this morning.
Yeah, what's up, man?
I just wanted to say, yeah, this has been a great show.
I wanted to also sort of double tap on the collaborative aspect
of what we're all doing here.
Like what, you know, the discussion has really been siloed
thus far as in the context of what each particular all doing here, like what, you know, the discussion has really been siloed thus far as in the context
of what each particular project
has been doing.
But I think that, you know,
I think you're absolutely right
in the context of, you know,
this experimentation is coming back.
And I think that that is,
that's a powerful place to be
from a sort of an innovative space
because people are trying things um and and trying things
on and seeing seeing what works and people have you know again a lot more powerful tools um now
than they did you know a handful of years ago uh to really go out there and you know vibe code shit
and use uh you know use agents on shit and create you know nft and create NFTs into characters that are agents,
these kind of things.
So I really mean I'm looking forward to this next phase.
I think that largely we have distilled down holder bases to that essence, right?
Like to those people that are here, again, for the right reasons, um whether that is and they can you know they get in where they fit in right like
you can find a project that um you know sort of fulfills your intent and mission and getting into
uh the the space and uh that you know there's there's power in that whenever you really do
distill something to its essence and allow it to and it free with a set of really democratizing sort of tech tools and rise to the top is, you know, cross-community
collaborative tools.
One that popped up on the radar today because of the Pudgy partnership was Records Network.
And I think that, you know, a lot of sort of the promise of NFTs and at the jump was this powerful IP and this sort of art slash community slash co-creation aspect of these projects.
But I see somebody like Records Network popping up with partnerships with, it looks like, you know, a handful of NFT projects, that platformer network and and really push uh you
know the boundaries of uh you know crowdsourcing co-creation which was you know something that we
talked about a lot you know in the beginning of of all of this that again you know sort of got
drowned out in the hyper-financialization of nfts and then you know that into uh the horrific bear
market but once you sort of you know again distill the
distill the space down to the people that are here for the right reasons and and want to want
to do shit right like want to connect and want to create and want to you know push this space
forward in a way that makes you know makes the most sense for for those that are involved
i think it's going to be really, really powerful.
So I look forward to seeing some of those tools that are sort of rising to the top and leveraging the great minds that are here,
that have congregated in this space and really tapping into that collective wisdom.
Appreciate you sharing. I had missed this.
Somehow I didn't see it on the timeline.
It was my first time.
I just gave Records Network a follow.
It was my first time hearing or seeing about it,
becoming aware of it.
As I understand it,
Records Network is being built out by the Persona team,
which actually Spike is in the audience regularly.
He was in here yesterday.
I don't think Spike's out there today,
but we'll have to get Spike from Person to uh to talk about this a little more it says a persona
product built on base uh introducing a new era for brand content it's the first ai infrastructure
for ip growth built on base can you like i still not clicking can you tldr what what it what is
records network like what is the dude when you
read it it's like man that is the word salad of buzzwords but um i think uh the way that i sort
of understand it um and again i don't i don't have you know a clear a real clear vision on what it is
i've only um you know touched on it with um some of the some of the people that did the partnerships
and that want to sort of build on this platform.
But I think it is much more of sort of a platform for other sort of NFT brands to get on
and, you know, sort of co-create the lore of the brand together.
You know, the platform sort of enables those storytellers and creators
to contribute to the canon of, say, like traits or characters or whatever.
And these are sort of upvoted or downvoted by participants
and eventually graduate into canon for a project.
I'm not real sure what the AI aspect of it is.
I'd love to hear straight from the horse's mouth.
I'd love to hear it from Spike and the Persona team
because this does look like something that they created out of Persona, but is its own sort of thing.
I know that Persona is going to be utilizing the platform along with, I think, Final Bosu.
And again, the Pudgy Penguins one was what caught my attention today.
Yeah, I mean, I will say that you're right.
I'm not taking a shot.
Like, it was a lot of buzzwords. I'm sure the deck looks really nice. But I will say just in my quick scanning the timeline is they've got a lot of great partners at launch. So you mentioned FinalBosu and Pudgies and I saw as I was scrolling here, Klaino's and I don't want to leave anyone out, but they've already onboarded a lot of key partners in the NFT space.
And as I can deduce,
it's some sort
of system to help them with content
to grow the IP.
I also am really interested in how
AI infrastructure
comes into play here.
But they've got not only the brands
they've partnered with, they've got a lot of people
with non-paid promotions.
I trust Marianne, and I think if she was a paid promotion, she would disclaim her.
She specifically said this is not a paid promo or sponsored post.
But a lot of people are excited about what they're building.
So as it was the first time here, I will read or we'll go watch the intro video after the show.
And we'll get – well, I can't speak for him, but I'll DM Spike and we'll at least invite him on the show.
Most likely he's joined us before.
I'm sure he'd be happy to come on and talk through what all they're building.
But I also will agree with Ilan that I think the more collaboration,
like I'm hopeful that that is part of this NFT 2.0,
this next phase of NFTs is less PVP and more collaboration.
You can still have the fun elements of PVP,
but not attempting to dunk on people,
not trying to tear people down.
But when someone has a win, celebrate the win.
Whether you're a holder or not,
we're such a small, small, small industry that wins are good for all.
And those that are helping push the space forward, those that are working with others,
those that are collaborating, I think we stand to gain so much more than attempting to pull other
people down in the infighting. That doesn't attract anyone no one wants to join a space where people are just at each other's throat
all the time uh it's just not it's not a not a great environment um yeah i'm interested thanks
for sharing i will learn more about this but some good buzz uh early on in the timeline and
we'll be excited to see what uh what the Persona team are building there with records
and salute to them for at least taking the approach of collaboration
as opposed to locking something down and just competing with others.
All that being said, one more quick read to get in here.
We've talked a lot today about the real world nature, real world
assets. And in particular, in today's, we spent a lot of time talking about real world gatherings
and places to meet up, in this case, a clubhouse. We're going to keep it real with our Doma segment
here. And before we get you out of here, maybe one more news nugget, but this is Keeping It Real brought to you by DOMA.
As I said, today's Keeping It Real, talking about the physical realm, not just real-world assets in the sense of collectibles,
but how real-world assets may incorporate on-chain with access, utility, and clubs, and the access pass.
One very real-world asset specific to DOMA is those domains.
We've got Dominion, their annual conference comes up at the end of this month. Outer, I
see you in the audience on one of my phones, but not on the other. I'm not sure what,
maybe she's on stage and I just can't see her. But we'll get you out of here for some closing words in a second.
I'm just not sure if mine's glitching out or we just lost you.
But all that being said, back to DOMA.
We talked about last week, they launched rides.com, a six, seven, maybe eight-figure domain.
It's fractionalized.
It's on DOMA.
You can go acquire your own shares
of DOMA. It's currently trading at just an FDV of $225,000, which gets up big from Mint and
Bonding. They also software.ai, another big domain of theirs just went live on base. They're now up
to 115,000 domains, 26 million of TBL, and over 60 million of volume.
I am going to plug their conference, which it does.
If you're going to Bitcoin Vegas, I strongly recommend checking out Dominion.
It will take place at, so Bitcoin Vegas is April 26, 27, 28, 29, or 27, 28, 29valanche, D3 is the parent company behind
Doma. Koushi will be out there. And then in addition to the crypto natives, you've got some
of the top domainers on the planet. The guy who actually acquired AI.com and sold it to
Crypto.com will be one of the speakers out there. A good chance to learn more, not just about tokenized domains
and what they're doing,
but domains are a real world asset
that's not going anywhere.
Like there is a real floor.
And if you're interested in,
if you're going to be at Bitcoin Vegas,
we have a limited number of passes.
But if you're going to be out there,
DM myself,
actually DM the Coffee with Captain account.
I'll bring it up on stage as we play us out
and let us know you're going to be at Bitcoin Vegas
and you'd like to attend Dominion. And we'll either get you, we've got a handful of just a small amount of a pass,
a free pass or two, and then we've got some deep discounts for others. So yeah, if you're
interested in going, let us know. And I haven't booked flights yet, but planning on making the trip.
It's a quick turn between that and then Consensus.
Miami is like the following week.
So busy.
It's conference season.
We're a full swing conference season here kicking off.
But looking forward to hopefully seeing some friends in real life at these,
whether it's at the Clubhouse in the near future or at Bitcoin Vegas or
Dominion or ConsenSys, I do believe there's something or paintball in Tampa with fellow
apes in 11 days. I think that this is my favorite part of crypto. My favorite part of the NFT sector
is it's at the intersection of bleeding-edge technology and the digital realm,
meaning real life. And I think often, especially in bears, it's easy to forget about
the magic that can take place at real life, the networking that can occur, the connection you can
make, not just friends, but real networking. You can tell by my great beard, I've been around.
Real networking. You can tell by my great beard, I've been around... I've been actually networking
professionally longer than the thread guys of the world have been alive.
And I don't say that I'm not better than anyone else. I've experienced a lot of networking,
which has helped me build businesses. My Verizon business was... While it was a retail business,
a lot of our success,
our differentiator was we built a lot of great relationships with the local businesses and that
funneled a lot of business to our stores. You know, most Verizon dealers, most Verizon
managers, they weren't joining the Chamber of Commerce, the B&Is. That was part of what led to
so much success in our stores was we built relationships in the community. We
really prided ourselves on those relationships over a transactional interaction. And I share
that because the networking that exists here, not just in the Board of Pied Club, but in crypto
at large for the active participants, it's unlike anything. It's unlike any chamber of commerce.
It's unlike any BNI or any, you fill in the blank networking group,
Soho House. It's global in scale, and it can also be hyper-regionalized or localized as well with the sub-communities. And then when you get these flagpole events where so many people come
from across the globe together, there really is a lot
of magic that takes place that's just really hard to describe until you experience it. So even I
just go going back and forth from the chat, like, have you been to an ApeFest? Because it's like,
people think, oh, it's a nightclub or it's a party. It's not. It's like, I don't even drink
and I love ApeFest. I'm God willing and health willing.
I'll go to what every year looking forward, going to the clubhouse, not because I'm looking forward to party until two or three in the morning, because it's the best networking
I've ever experienced in my entire life.
Having built multiple businesses and done a lot of networking, spent countless hours
at networking events and trade shows and conferences, the quality and the
quantity of connections that I've made at every single In Real Life event, every single conference
is unlike anything I've experienced in my prior professional career. And I think it's easy to
forget about that when we go through a bear market or a year or two goes by and you haven't been to
an In Real Life event. And I think it's some you know, on keeping it real with, again, brought to you
by Doma, head to doma.xyz to learn more. We actually have a tomorrow. We'll do a episode
three for Doma on air. We'll share that link tomorrow during the show. But yeah, if you'd
like to learn more about Doma and all their building, tune into that. I think it's, it'll
be early afternoon tomorrow. And obviously Doma Protocol is their X handle as well. You can check out, learn more there as well.
But more on that, more on Bitcoin Vegas, more on Dominion and in real life meetups in crypto,
whether it's a paintball or a clubhouse opening up, a lot of exciting stuff happening.
a clubhouse opening up, a lot of exciting stuff happening. And that's where I get excited.
I think the floor price moving up and the sentiment shifting a little bit on X,
I do think is a byproduct of what's happening. And whether it's currently happening or coming soon,
I think people are getting excited again for what's on the come.
And I see Spike just jumped out there. Spike, we were just talking about you.
And Ilan turned us on to Records Network.
I pinned your teaser video up top.
I would love – I was just saying I was going to DM you after the show since you're in here.
Would love to have you on potentially later this week.
We have a guest tomorrow, but maybe Thursday or Friday, if not next week, if your schedule works.
We'd love to have you on and do a proper interview and a deeper dive on all that you're building with Records Networks.
If you get a chance, let me know a day, someday like 9 o'clock-ish Eastern time, 9, 930, something like that.
If not Thursday or Friday, let me know the best day for you next
week and we will uh make it work but looking forward to it uh someone asked what's the name
of the bar in calgary i'm not sure what that was in response to if you're talking about
uh board brewing maybe peter's club or peter's bar peter's brewery um i'm guessing but i'm not
sure what uh what the questions in response to.
But, oh yeah, Diablo, I want to go visit the Bore Ape Bar in Calgary.
Yeah, it's Bore Brewing is the name.
With that, Outer, thank you so much for co-hosting today.
Greatly appreciate it.
Greatly appreciate your time and sharing your big brain.
Always enjoyed the conversation.
Today was no different.
I'm just scanning the chat before I let you out of here.
Yeah, if you did get your Rekt energy,
go claim your tokens.
That doesn't stay open forever,
but it's a super simple process.
And I think claim it not just to get your $20 of Rekt
or 140 Rekt tokens.
Go claim it so you can experience it yourself,
the user interface, the user experience,
and I think
you will be impressed. I think it'll also be an eye
opener in terms of how far the tech has come
and how much in a better spot we
are today than we were
even a few years ago.
And with that, we'll be back tomorrow, as
always, 8 a.m. Eastern Time.
As I was alluding to, we are fortunate to be joined by special guests, sometimes impromptu, like we had Simple Farmer and Poppy join us today, just impromptu to talk and add some details on what they're building.
Sometimes it's impromptu, sometimes it's scheduled interviews like we're looking to do with Spike and Team next week.
But usually starts first hour, news of the day, trending topics, et cetera. And then we have a special guest join us. schedule interviews like we're looking to do with Spike and Team next week, but usually
starts first hour, news of the day, trending topics, etc. And then we have a special guest
join us. We usually do that around the nine o'clock hour. We had Bunchy join us yesterday
for AI with Bunch. Timing was appropriate as shortly after the show is when I saw it.
It might have even dropped during the show. Altman talking about like end of the world
type stuff, doom and gloom from the AI leader.
Some of that times,
sometimes I think that is with intent maybe.
I don't know, man.
It's a wild time to be alive.
That's all I know for sure.
But I'm going to remain on the optimistic side
versus the doom and gloom.
Beepic and Hans,
thank you very much for the Pingu tips over there
on Abstract.
Glitterly appreciate it.
And thank you all for tuning in today.
Appreciate you all.
Appreciate the conversation in the chat as well as all of our guest speakers.
And as always, have a wonderful day and we'll see you all tomorrow.
Thanks, everyone. Thank you.
