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NO CAP GAMING | EP7: Bring Back Late 2021
Recorded: May 8, 2025 Duration: 1:01:49Space Recording
Short Summary
The crypto community reflects on the explosive growth of Bitcoin surpassing $100k, the rise of innovative projects like Soulbound and Shailo, and the ongoing trends in NFTs and community engagement, while also acknowledging the challenges and declines faced in the market since 2021.
Full Transcription
Gunned up brain death, can't decide.
You can't bring enough, you can't hide.
You can be good or you can cry.
Do it wrong, not at all, but do it right
Do it wrong, not at all, but do it right.
No one owes you, no one's to blame
Sit for bad genes or DNA
Ask your conscience the why and how
Do it then, do it when, but do it now
What's up? I'll do it then do it when but do it now
Easy
You're gonna do, little buckaroo?
Ask your love.
Here you gotta do it.
Happy food is asking a lot.
You know, we all can be super fly, GQ, PhD, FBI, you can pretend that you can try, move ahead, lay down dead, or sleep on by. When the shoot seems so far away,
who loves you and Jesus saves?
You need answers for your dismay.
Ask your mom, ask PMA.
What's up
What you gonna do little buck
Hey, you better ask your mom.
Yeah, you gotta do.
Happy food is ask your mom.
Yeah.
Just ask your mom.
Just ask your mom. Hello, hello, and welcome to another episode of No Cap Gaming.
Always out here bringing you the latest, greatest.
Bitcoin is over 100k.
Oh my god, it is a green day today.
Finally, it has happened.
Have we entered the promised land?
Well, that's the theme of the space.
Taking it back, taking it all the way back to bring back late 2021.
I mean, I wasn't expecting Bitcoin to be up so high, guys.
But, you know, are we back?
Are we back in that kind of sense that we can say, like, it's 2021 level?
level I don't know yet I'd love to hear everyone else on the panel and uh we have a stacked we
I don't know yet.
I'd love to hear everyone else on the panel.
have a stacked um a bunch of people up here just bringing up Shido and we got Soulbound we've got
the pipe um and we of course have GreenLinks and Shaolin and Ophid up on the stream as well
just joining us say hi to all these lovely people and let's get this round of intro
started. So feel free to kick it off. Oh, fit. And then we'll go over the shall in. Nice one,
folks. Let's get this show on the road. It's a great topic. I was hyping it up earlier on a
couple of spaces, particularly the triumph space about how it's a, one of these type of topics
that brings good vibes and a lot of banter. So's give it a go and thanks to everybody for joining us in the audience today so let's uh let's hit the hit the
roll jack exactly hit that like that retweet that share um and get these lovely people followed if
you're not following them already they're giving their time and just to be here with you and take
you back to 2021 so without further ado let's go to the showerline for your intro.
And yeah, do you remember when Twitter were bringing in the Hexcom BFPs?
Yeah, no, 100%.
Man, so this is just one of those topics I think is crazy because, you know, for me,
I got into late 2021 in terms of actual buying the friction of just kyc getting a wallet buying these digital
jpegs for you know tens of tens of thousands of dollars just seemed a little out of touch for me
being outside of the space for the first time and so yeah i know but it brought the vibes man you
can never um doubt anything better than the vibes of 2021 and just getting a whitelist and being able
to mint oh man whitelists back in the day they
meant something man a project could just give out a whitelist just give out a whitelist and
everyone would go crazy on the timeline yeah that was those were the days what do you say soulbound
do you remember do you remember the good old days the good old days when uh oh man when every and
every single NFT,
you had crypto dig butts and the randomest things pumping over one ETH and people just day trading anything.
And oh man, the good old days, whitelists,
you were actually something everybody used to hunt after.
Oh man, bring NFTs back, baby.
Make NFTs great again.
Hell yeah.
But I love that i guess um yeah am i am i supposed to do a quick intro here is this my time yeah do it this your time's your time i've got hiccups so
keep going i'm gonna get a glass of water oh no all good um yeah quick intro this is marcello
you guys already know me i uh do a lot of cool stuff. One of the cool things I do now, I'm head of spaces here at Soulbound.
We are next generation television. We're bringing some live streaming to Web3.
We're doing some cool stuff. We got some AI agents coming very soon.
We've got our deep nodes powering our incredible network.
We're taking care of our creators, not just just our creators even our viewers and our community you get to participate in this ecosystem and get rewarded for your time but yeah
super happy to be here guys excited for the topic i will have to say uh unfortunately i i didn't
realize i have another call at the 30 minute mark so i'll make sure to uh to chime in as much as i
can but i'll have to hop off after that point. But thanks for having me, guys.
Always happy to have you.
Always happy to join your space earlier.
Well, Marcello, that was a good one.
Started off about mobile games,
and then we wandered into the territory
of people sliding a Neuralink into your brain
and what that would mean for dating.
Would you date someone with the opposing chipset?
All good, all good.
Crazy times. I see you shouting. That was opposing chipset um all good all good crazy
times i see you shouting that was a good one that was a good one yeah no i was like oh i guess i
should introduce myself so i'm the shaolin i'm the community manager at d labs we have boxing star x
rumble racing stars as well we've got tge coming soon so you can imagine the the bluster um and
the work behind the scenes that are going on but yeah and i'm also an advisor for andromeda so
you know good times times, man.
Nothing but good times with great builders.
Yeah, no, that's fantastic.
And I wish you 2021 levels of success with your TGE.
It's all good.
Up next, we have Shido.
Hello, hello, everyone.
Vlad behind the mic here. Some quick intro on Shailo. We are dual VM
layer one proof of stake blockchain that's currently preparing for a major, major, major
upgrade that will bring burning new consensus and much, much, much more cool stuff.
Also we have working decks, NFT marketplace in the making,
AI agents and the full scale AI models coming to the chain pretty soon as well.
So yeah, and about the 2021, if I may touch on this topicTs and they're like flying for
several hundred K dollars I was like what the hell what am I doing like the doctor stuff is
not the right path I chose that is definitely a coming of age and I'm sure in 2022 you're
like I need to go back to being a doctor,
because that was a brutal come down, wasn't it?
Oh, yeah, absolutely.
I was really happy that I had a solid day job back then.
It's all good.
And talking of day jobs and pipe dreams, the pipe. Hey, guys.
Thanks for letting me come and join you.
So this is the pipe GDAO in general,
and in particular, it's Batsi,
aka BatsiRaiMuguzi.wallet.
I'm the founder and lead contributor of the pipe GDAO,
and we are an impact finance ecosystem,
mostly focused on funding university
research and development projects from labs. And our aim is to bring those university pipe dreams
into reality. And what's your 2021 memory?
Oh, where do I start i i got my mom into crypto
she was very reluctant you know she indulged me as moms do and then she made a shitload of money
and she told me about solana and i was like whatever just just just another one of those
coins and it fucking went to the moon and she made a shit load of money.
I was like, fuck.
Your mom outtraded you on Solana meat on the trenches.
Your mom trenched you.
That is the best one so far, man.
Best mom that I've heard.
Absolutely.
Damn.
Yeah, yeah.
I was like, oh, fuck.
Fuck.
What the fuck?
So she made a ton of money on Sol, right?
I bet she actually sold it as well.
I bet she didn't just, like, just round trip that.
Yeah, yeah, yeah, of course, she took some profit.
Although, the extended part of the other side of the coin,
at least for her, for me, it was a double whammy, right?
You know, we bought into all the Hopium, like,
hey, diamond hands, diamond hands, because it's going to 500k.
Little did we know that this is game theory.
You know, they wanted us to remain in the trades so they could sell before us.
You know, so I didn't take enough money off the table, particularly in kind of Aprilil and may 2021 i should have fucking sold i made a lot
of money on engine coin and cardano oh particularly yeah yeah yeah yeah actually i did very well on
that but i should have taken my chips off the table i should have listed that opium bullshit
that's my memory and um yeah it's certainly feeling like a different bull market
these days i mean i don't know about you guys but bitcoin over 100k if that coincided with 2021
i think our heads would have exploded my friends i think we would have we would have ushered in a
new era and we'd all actually um see alluvium being a success as opposed to you know whatever
it is now but anyway um we got some more people up on here.
What's your 2021 memory zero cool?
What's going on, guys?
It's me zero cool.
I'll do a quick little intro.
I do stuff with Project Gajira Group,
but also known as Jirasama, Jirasan, sorry.
I also work with Kabu and Altura, all good projects that are definitely
pushing the needle in the space. But yeah, man, there's so many memories from 2021.
One of the ones was just literally me and all my real-life friends on the end of the COVID and
people being just in, you know,
in their houses all day long. So a couple of my friends, we just came together on discord and we
used to just go and sit in discords and hang out and literally grind whitelists. And it was legit.
Like you could literally be grinding, like if you grinded invisible friends or, you know,
something like hape, you could just literally be like for three months just
hanging out in in channel just making art playing games sitting in vc just like vibing and talking
and chat and then it actually pays off with several thousand dollars because eth was at a
crazy number back then too and uh even into 2022 that 3d art stuff that was out there was was insane i remember people
hiring virtual assistants to come and grind whitelist for you and you'd be you wouldn't
even be hanging out in discord you'd be managing the people that you have hanging out in discourse
and they'd be making art for you and videos and like it was like a whole like production like you
had a team working for you obviously that'd be a waste of money now, but man, there's some insane times.
I mean, even back during that bull run,
Gajira's Genesis was like,
they minted right at the end of 2021.
That went up to 20 ETH.
Absolutely wild, astonishing.
And it was a 0.05 whitelist cost.
And yeah, I mean, I could go on for a very long time,
but very good time.
That's what the space is for, man.
This is the space where we do get to go on
for a very long time, man.
We've got to bring back that energy, man.
Yeah, absolutely.
And one thing that I think that people don't realize
because you look at your little ETH gas tracker
and you see zero and you see a one and stuff like that.
And you think like, wow, that's interesting.
That's like the normal, right?
But back in the day, man,
people used to get like on really hype whitelists
or during a mint phase, people would jack up their gas
where they pay like $500.
Other deeds, man.
And they didn't even care.
They were like fine with it.
Cause they'd still have like the profit margin was still there
and they could still make money.
And like having gas at a hundred was like sexy. That was like, and they could still make money and like having gas at 100 was like sexy that was like dude you know like celebration worthy if it was only 100 you know
i remember i remember there were times when you just couldn't you couldn't go on chain like that
you literally you couldn't get you couldn't exit a bag you couldn't exit a bag because it would
cost you so much to exit the bag and everything was going up anyway and it was almost impossible
to take profits.
Yeah. If you had a whitelist also, it wasn't like, okay, cool.
I have all day to, to mint my whitelist.
It was literally like everything was oversubscribed, like an over, you know,
over allocated and you had to literally be there instantly.
You didn't want to wait to see, oh, how are the numbers? How many are minted?
Like you literally had to mint immediately or you were literally going to be
left out. And I knew some friends like on some big you know white list just kind of like
sat around you know and then and then they ended up like wait it's sold out what is this you know
it's nuts man i mean dude some of the projects and um just introducing our last speaker up here
if i missed anyone apologies bitching we got any bitchin21 stories
hey man how you guys doing roger here with the fiction account
hey man good to hear your voice good 2021 interesting for me you know i'm one of the
founders of wayfinders as well fiction is a client of mine that you know i do a lot of their
marketing and growth because they're they're one of the only of Wayfinders as well. Fitchin is a client of mine that, you know, I do a lot of their marketing and growth because they're one of the only Web2 platforms in Web3.
They have over 200,000 users in South America playing games like Free Fire, Pokemon and other Web2 games and actively growing that.
So, you know, it's been good to see, you know, Web2 and educating them into the Web3 atmosphere.
good to see you know web 2 and educating them into the web 3 atmosphere um 2021 was when i
opened my base set pokemon box live on stream to over 5 000 viewers was probably my highlight
you know opening a original base set pokemon box was very nostalgia for me and uh one of my
good pulls who was your best ball pull two charizards so yeah it was really good bucks seriously man you are blessed you are definitely blessed and you must have got um yeah pulling two
charizards from a base set box that's pretty crazy and it's actually a massive thing now
like there's a lot of um people on tiktok just opening packs day in day out um and yeah it's
i think if anything pokemon card openings got bigger since then
oh yeah it died it actually was big pre-covid going in after covid it was in the 2022 2023
it died out again um and then just about a year ago uh picked back up with all the announcements
and releases and all that um it is back to where it was it is one of the main topics and
yeah it's definitely an industry right now that's growing again and picking up and live streams is one of the biggest um uh
revenue drivers right now for pokemon cards yeah no that's true and um generally like i think so
much has changed since 2021 it's not just that you know the bull market feels different this time it's
like people in 21 wouldn't think twice
about just jumping into a new project with size just based on the fact that it was a new project
and that goes for like VCs that goes for investors I mean this was before even coal rounds happened
because you remember the coals got rich from being paid bank in 21 so the coal round really
was started in sort of 22 when they actually got that money
and started to deploy themselves now kind of like the last gasp of like the easy money even though
it was the bear market at the time but i just thought i'd like to to go around and um and see
like what do there's some amazing events if you go back to what happened, Coinbase publicly listed like 69 million people, $69
million NFT sale, us all having hexagon PFBs, like that was absolutely crazy. Dogecoin,
remember? That was insane. Tesla did a Bitcoin investment. We had loads of games launching so you know it's um it's really nuts right so I just in the first
um as we're getting towards the middle what do you remember from that like JPEGs like that JPEGs
era when JPEGs were gold um did any of you get into apes
um we're talking about 2021 yeah like 2021 i ended up buying mutant apes at around two
ethereum the reason i did that is because you know i in 2021 obviously i owned the pokemon card shop
a collectible business i was you know memorabilia so when i saw pokemon cards you know taking you
know what the kind of the the growth that they were you know it made
sense for me to look at the nft sector and be like okay you know this is going to be the future
of collectibles is digital right so you know when i saw how different how mutinates were at two
ethereum and the board dates were like i think 20 or 40 at the time i go there there's no way that these both nfts
have such a big difference in price range and it just kind of made sense to me that the mutants
were going to go up so i ended up buying a few meetings at around two ethereum with a business
partner of mine and yeah they shot up all the way to 40 eth right so and then the board apes shot up
to i think 200 um ethereum was i think the top or something of that
nature so you know it was you know it was interesting to see that cycle but you know
from a collectible standpoint it made a lot of sense people received um that that check from
the u.s government uh the the stimulus check so a lot of money was going into collectibles already
nfts so these things added you, extra stimulus to the ecosystem as well
that people had extra spending money too
with what was going on.
So yeah, it was an interesting time.
You know, I think Bored Apes was a good example of,
you know, how, what happened there
and how big it got to where it is today.
It's still healthy.
You know, Bored Apes are still running.
They're still a business.
They may not be as high as people want it to be,
but I think it obviously corrected itself, right?
And that's what we kind of saw.
That's all good.
I see a hand up from the pipe dream.
Tell us about 21 and what it meant to you.
Okay, well, I'll answer the question about apes first.
There was a collection called Party Apes,
which was
out, I think it came out, you know, not long
after Bored Apes, or maybe it was before Bored Apes,
I'm not sure, right? But I think
my one went up to like one
and a half ETH or something,
or actually maybe three ETH,
and I didn't sell.
Oh, shit, man.
Oh, man. I feel your pain, man.
The amount of the, you know, what was it?
Like derivative collections as well.
Like there were hundreds of collections springing up all at once.
Everyone.
I see Creon and Soulbound, you guys have your hand up.
Whoever wants to jump in, feel free.
And also OpenL loop has joined the panel
um so yeah when you have a chance open loop give us your 21 memory um and then but then in general
21 that's where i really discovered that i was really quite good at helping people make money
in crypto so i started a in 2020 uh me and two other guys started a WhatsApp group to help a mutual friend learn about crypto.
He didn't know shit about it.
Now it's got 150 people in it.
There's like crypto hedge fund managers in it and all sorts, right?
So it's blossomed into this community.
I've managed to get investors for my project from it, you know, team members.
So, yeah, it was,
that really was a turning point
in my career.
That's when my kind of
Web3 career really began
almost accidentally.
Yeah, that is definitely crazy.
I think 21 forged a lot of dreams
and it started a crazy run
on everything.
I mean, I see a lot of hands up.
Yeah, maybe Creon.
So about.
Oh, yeah.
Is it cool if I go first?
I have to hop off and go for it.
Go for it, man.
Love you, Creon.
Yeah, on my end.
Fuck, man.
So what got me into the NFTs was this app app called uh vv v e v e and i was convinced
that this thing was going to be the it was going to be the thing they were basically onboarding
big ips oh yeah they had to look at marvel disney all of them and and it really sucks because at
the peak of the the nft bull market my portfolio was easily well it was almost
six figures and i had only put maybe a couple thousand at this point and obviously obviously
the genius that i was i i didn't sell anything because i'm like yeah this is going to a million
and then that whole bubble crashed and now my portfolio is worth nothing and nobody talks about
bv and it's completely dead so yeah that So yeah, that would have been my moment. But
yeah,
next time you guys see your bags bump,
take profits. It's okay, Marcelo.
I probably have more
stories than anyone like that. And for some
reason, I just won't give up.
Do you know what the point is here? The point is here
is that Marcelo is still here is that Marcello is
Marcello is still here.
He's still here, grinding away,
being a legend, and that's what it's all about.
And taking profits,
and we need to take profits the next time.
Yes.
Like DeFi says, I'm never giving up.
I'm never giving up, but I'm going to get off, guys.
I love you guys. I didn't realize I had a call at this time.
Hey, no worries.
Take it easy.
Yes, sir.
All good. I see hands all around.
Creon, you are so rudely interrupted.
I don't know. That's a little big cap.
That's no cap.
No cap.
All good. All good. Creon, your hand's falling off.
Take it away, man.
2021 is definitely a time when I want to come back.
Because, I don't know, back then I didn't have any problems.
I didn't have debts. I didn't have lots of dramas in life.
I was very focused on trading and aping into some projects. and especially when it comes to like a web three games back then
That was the time when I actually reached my first hundred guy because I went over that
You know, you know how huge that is in the Philippines, right?
and then I
mean, yeah clean hundred K even after I got rug
about 24k for for a project
that rocked um but yeah i i had a guild uh gaming guild and um we were having a good time you know um aping in different projects you know the calls that i'm getting is because projects are pitching it to our guild um for us to get into to a pin or to invest in their games um but now you know it's
different it's the opposite right i'm having meaning because i need to pitch to two projects
you know um and also uh that's when the time i experienced uh you know, maybe that was the first time I experienced having the, later 2022, I realized that it was not because they actually respect
you, but because you were like leading a community or you have a lot of assets.
So, yeah, lots of lessons learned, you know, towards 2022.
But 2021 definitely something that I that I cherish a lot because um i feel like i'm
wise and very um like disciplined back then um and financially i was you know like at the peak
and i'm hope hoping to be you know to have this wisdom that i have right now and then to be at that time um yeah i agree i agree i mean
2021 was a time when basically we had like it was it was easy to get rugged right but people
could get rugged like five figures one day and be back the next you know yeah it was there was
always another whitelist easy to get rich at the same time somehow uh and then it was also easy to like not take profits and get
wrecked like 100 100 and as we're um coming up to the halfway point i'm just going to reset the room
here like i want everyone up to follow these fantastic speakers open loot you're still yet
to speak so after the reset
we'll bring you up to chat a little bit share comment like the space we will read all the
comments we will go through and see your 2021 memories like what whitelists did you get in what
derivatives did you think we're going to pump forever did you buy a lazy lion where you are
there when our gobblers went to shit with like what all the crazy shit that
happened like bring those memories resurrect resurrect the joy of the space i mean bitcoin's
up over 100k it still feels like a bear market so i don't know what's up here but um yeah i see
i see um we have open loot give us some love openly hey warp how are you man yeah always sure i'll give you guys my take um let
me see who's here defy kreon amazing guys quaze there too tomas how you doing buddy hey brother
how are you um but yeah guys i i kind of joined um web3 um as on gaming by itself.
I played Counter-Strike professional or semi-professionally or professionally for the past 11 years of my life before I got into crypto.
And I started actually on Decentraland, which is founded by our founder here in Big Time, Ari.
So he founded Decentraland back in, I think it was end of 2020, start of 2021, something like that.
And I got really curious because some of my friends were trying it out.
You know, it was all that speech about, you know, the future is not going to be reality.
It's all going to be meta AI and metaverse and all that, you know. So the future is not gonna be reality is all gonna be meta AI and
metaverse and all that you know so very curious about it I joined after that I
think I got into XC if I'm not mistaken then Splinterlands and you know I
started getting knowledge on web 3 games I was always always very focused on
web 3 games and then um then yeah then i started
to to research a little bit more about crypto uh bought some nft collections but you know i'm a
gamer always been a gamer my knowledge and everything i know about you know marketing
goes straight up to gaming um so that's kind of my focus.
And yeah, I would say I joined the big time team 2.5 years ago, I think.
And up to that point, you know, I had knowledge about the game.
I had a lot of knowledge about ARRI because of Decentraland.
But it's very nice to see the focus that they're putting right now,
especially, you know, the new games coming, Kokodi, Moonfrost, all that.
And yeah, that's kind of my take on it.
Yeah, no, fair play.
I mean, it's definitely, like, a lot of people have actually in their story.
I think this is one of the things that was really the genesis of web3 gaming that i mean i i speak to people who have started legitimate businesses in funds in guilds in in running like scholarships like the first like i think merit
circle was a guild like there were some really big names that actually basically spawned an
entire industry right ancient eight kind of came from yeah ancient eight uh was
a gaming guild uh what else ygg yeah ygg as well um merit merit circle yeah i mean miracle beam
basically came out of that yeah you know what's funny uh am i button in front of jason did he talk
already no he hasn't no but i'll let you go bro okay so so yeah it's
funny you're like saying oh everybody's story involves axi but mine doesn't i my first crypto
game was back in 2020 it was uh it was actually an open source fork like uh customized game super
crypto card by like real chain games it was like the first project that launched on
the trust swap like ideo platform back in like d5 summer 2020 um but yeah basically that my story
with axi it's funny because i was helping my buddy kevin spenson um with his like discord and like
patreon community and everything and we were getting like scammers
coming in and like spamming scam messages about axie right so my first impression of axie or like
the first i ever heard about it it was just like annoying to me because we were getting like
you know 20 30 however many messages. And I kept
having to like change the bad word filters and things. So like, like I completely just didn't
even like look at Axie because like my first interaction with it was like,
messages. So I like, I didn't even bother. And then by the time every, like all the hype was
there, I like get the opposite of FOMO most of the time. And sometimes it's like a blessing and sometimes
it's a curse because, you know, oftentimes you might think, oh, it's like, it already like had
its hype or like went and then like, you know, it just keeps going or whatever. Right. But then
like, you know, other times you'll be like you'll be right and
you'll say oh look everybody was over hype and uh it was good that i avoided that so you know i mean
everything goes everything that's gone up has now has crashed down at some point and oh yeah cycles
get faster and things go crazy man and jay i guess i have to insert a subtle shill because my profile picture was the first NFT I ever minted in crypto at all.
And it's still utilized.
And it's in our poker game.
And it's going to be in our flagship title, Zoo Racers.
That's in my name.
So what projects minted in 2021 that are still actually putting their shit in games?
I'd love to know which projects other than the blue chips.
But yeah, who are we again?
We're some bootstrap team that's been around for four years with no money.
And somehow we have three games and we're still doing it.
So yeah.
Because you front run everything, Defi.
You front run everything.
And that's exactly the moral of the story in this space
I see some hands popping up. I we also have quiet. Is that how we say quiet boss?
Yes, sir. So work. Hey, good to have you, man
Hey, um, yeah, so my backstory is quite back there. Um,
it incorporates pretty much most of this.
But yeah, I got into the NFT space in 2017 with CryptoKitties.
And then, yeah, it was the Genesis one.
OG and F.
My Ether wallet was like a solid alternative to MetaMask back then, I think. Yeah. Yeah, it was like paper wallets and shit pretty much but no, um, yeah, and then like 2018
There was it was just kind of just like, you know, crypto kitties mostly i think oh yeah the end of 2018 was decentraland they had the huge land
sell for the genesis sale i ended up i admit no i missed the sale because i was getting down when
it was 6 000 mana i fell asleep and everything went in salt literally within an hour so I missed that I did buy land I still have land
from Vegas so I still have a piece of land and the central and but did anyone
buy me sandbox I mean that was I sold two estates for two hundred and fifty
thousand dollars I bought for two hundred and220 a piece for the estates. I sold each piece of land for about $40,000 to $50,000 a piece.
I think it was like $30,000 a piece.
The next two, Roller Coaster Tycoon and Snoop Dogg.
So, yeah, those sold really well.
That's crazy.
No, but the big one, that was a really big one.
I made a lot on that.
But it was um
actually infinity so when they sold the savannah lands and like the
Savannah it was the the other one and then the the rare one and then the
They got the extra one if you accidentally got you have to buy it or whatever and then you get it
every hour the Genesis lands right in the middle
well, I didn't buy the savannah lands for
0.7 ETH when ETH was only I think it was a hundred and twenty dollars at the time I sold it for
$25,000 in 2021
But that was like evil
twin who got in a boating accident right bro
yeah i mean you know i had a really good life bought a couple houses and you know just been
living pretty well but um but now it's like it's back to ground zero it's like all that paper
you know i mean that's the that's the thing i feel like the entire space round trip everything i mean
it used to be possible to make these kind of plays
on a human speed level.
And now you have to be like sniper, like botted up fast.
Like the alpha groups, there's a billion of them.
I think, yeah, the world's got faster.
I've got old.
It's aged us.
Like crypto, like we're more cynical than we used to be.
And I think, I don't't know are we missing out on
shit or are we just like aware that everything was just a ponzi it was just prettier and shinier
back then i'd love to hear some thoughts on that jason i want to finish just um i mean it was like
i felt that in in the mention like the gaming side of thing is yeah i felt like i was super super early
and yeah i mean there was a there was kind of an end to it and i i have a lot of times where i'm
like am i early is it a ponzi or if it's just like you know am i super smart you know i mean
like i've round tripped many of these projects i've gone to axs really early selling at like 50 cents before i
went to 120 or gala before i went to like four dollars or whatever mona before i went to whatever
but i sold super super early you know and it's just like we're all just kind of lucky to be there
you know it's like if anything we just figure out our niche in the space and like just just just be there you know i mean
like just stay there be convicted on what your decisions and like don't let anybody else tell
you otherwise because they don't see it you know exactly i mean that's really important it's like
if you've carved out something for yourself don't be afraid to take your profits don't be afraid to
if you have life-changing money don't be afraid to change your damn life like this is the thing if you if you see that take it off the table make it real
right that's one of the things that is like some of the greatest you don't have to report to anybody
either like it's like the whole point of decentralization it's like if somebody
sends you crypto or somebody pays you i'm probably getting rugged i'm in a barn oh no
we can hear you Jason your hand's been up for a country year uh give us give us your speed it's falling off now matt won't let me up yeah so so much so many i mean jesus like
going back to like the v chain days um like the bmw announcements like all of that insanity that
was going on there was so dude it was it was it was such a hilarious time to be in in the space
Dude, it was such a hilarious time to be in the space.
But, you know, like we spun out with the first company from VeChain
just because like there's such a disillusioned community that wanted something.
And like one of my, I think the greatest things I've witnessed happen
was a Filipino kid came into the community,
got picked up by uh part of like the
dutch community they taught him how to play our tcg the guy won um i think it was um he won a couple
of um no he won if he won like a look he won he won the tournament like season one of that tcg
sold um some of the nfts bought some raffle tickets into a big event
that we were doing won the one of one nft prize and that was then that was then bought from him
for half a million dollars and he was like that was all that was all within the space of i think
it was like a month and a half two months no so
this guy literally joined the community and he just made jenny well dude he speed ran the community
like he literally just came in and then went out he's like the crypto kid equivalent of the flappy
bird guy who made a game and then just ended up just completely
changing his life that is he's now and he's now the king of the Philippines oh yeah that's totally
I found it awesome and he knows like if you're when you're in the space right if you're backing
you know like back from like the ICO kind of craze which you know it was a really good time for the space
um and you could get somewhere like the the projects that wanted to build something good
we're building something good and they got the funds and if people were making money they were
selling you know it's like if you as an individual backup project you know i hate this whole shamefine
narrative like bro if you're raising funds and people invest and they have no conditions around you know the
the lockups i'm happy if someone is selling because me as a project as a founder i've received what i
need to build right exactly and then you gotta go down build like why would you be why would you be
angry that someone's taking profits like that is just dumb you want people with conviction this is difficult right like this
is exactly what happens like we've we've changed conviction into you gotta round trip everything
like the amount of people who could have made money selling like from a community that gave
them an airdrop or selling something that came in through what they've done and they held on to it
through like maybe a false sense of loyalty and then the project just evaporated
like take take what you can when you can it's not pvp and there's a difference between absolutely
slaying a community when you just dump 70 of whatever it is you've sniped and like your small
bag that you've been grinding for and being told off for selling that on day one like them
sold off for selling that on day one like damn make your money take your chance man celebrate
your damn wins and if if there's projects or you know these so-called and on devs that are literally
just launching a token if if they have something negative to say about you you know selling what
you've made those people aren't in this for the right damn reason you know it's like if you're a
founder and you you're you're a company right you you're
investors in the traditional world like you want them to make money well in this space it's the
same i'd be more happy if people are making money than if they aren't because if they aren't they're
going to be pissed and they're going to love you like when people when people make other people
make money the love for them doesn't die i mean if you like in this sort of last segment as we're
wrapping up i think it would be good to sort of review, like, where are the blue chips of 21?
What's happened to those things?
Do we see like a bright future for them?
I mean, I see a lot of hand up.
I just want to bring up in this sort of time is like, you remember D-Gods?
You remember all of that craze around cult-like NFT founders?
And it took years for the shine to wear off.
A lot of these kids,
a lot of these kids didn't know what to do with the money,
didn't know what to do with the wealth.
And it's a crazy, amazing space.
But I mean, everything's changed since then.
I have no idea the order of the hands.
So if anyone wants to-
Yes, Shailen.
Shailen and then Creon and then Pipe.
All right, go for it.
So the crazy thing was,
is like the ones that have fallen off, right?
You're talking about 10 KTF.
You're talking about obviously Artifact
and they're rising the acquisition from Nike.
We're talking about Carafuru,
which is like, if they had a rare,
you're talking about 100 each sales.
I mean, there was like, right?
Deadfellas.
Yeah, I mean, there's an insane amount of projects that went up and then obviously got rugged.
But what I will say, you know, just to add to a lot of that too, with all of these cultures
and these things, it's like, we're talking about spaces, right?
Like, can you imagine going to a space and then having these mint parties and just seeing
hundreds, if not thousands of people, all chattering, just talking, right?
These chill spaces with like multiple thousands of people.
And all of them wanted to do was get a whitelist.
And you would just grind.
You would just do whatever, right?
You would sing songs.
You would get tattoos.
You would do anything and everything
until like selling your kids, right?
To make it happen.
It was insane.
The amount of people like,
I know a guy who was a musician
and all he did was create basically jingles
for every single project for whitelists. That's the insanity of the days where like, I know a guy who was a musician, and all he did was create basically jingles for every single project for whitelist.
That's the insanity of the days where, like,
and they got it, and they got it every time.
They minted.
Whitelist meant something.
It meant something.
And they minted, and then they floored it, right?
And then they just sold it.
But what else?
No, you're 100% right.
It meant something.
But the crazy part is not necessarily the Jeter's and the people
who sold, but the crazy part is, you know, it's just the amount of people that were onboarding
into the space looking for the quick buck.
You finally had people that you didn't ever hear, but you were like talking about on social
media, right?
On your Facebook, you know, on Clubhouse, like all these other formats and channels that
people are talking about.
Even media agencies, how many, like,
there were at least like 10 to 15 media agencies,
quote unquote, that were doing spaces.
Look, where are they now?
They know, I know.
Like the agency meta around that point,
like by the time that 2022 rolled around,
there was hundreds of these motherfuckers
charging 20K a month.
And I think this is what happened is as money came into the space the amount of businesses that were predating
on projects and basically controlling the access to the people because before the people found the
projects and the people grinded the projects we talked about people hanging out in discord and
all of that as soon as like agencies and and their sort of influences
became the gatekeepers of this the entire space basically fell apart like as soon as projects had
to spend so much money in getting noticed because the noise was like the sort of the signal to noise
ratio was too high like i think the wheels came off and i i do think that even even twitter getting
rid of the hexagon pfps and
basically getting rid of cryptocurrencies and nfts as a topic was a massive blow to the industry
and it doesn't even um begin to sort of think like um oh which was it um the was it blur that
removed royalties because they found out you know you could do royalty free royalty free was like
the final nail in that bear market coffin.
So, yeah.
Just to add real quick, Matt, sorry, apologies.
We got to forget, people used to buy PFP for a thing called traits.
And because of blur, it removed and eliminated that entire genre, right?
You'd have to pay rarity sniper at ETH.
Insanity. Insanity. rarity sniper and eith insanity insanity and i mean that was basically people were just grinding
blur and you could see the effect as soon as the project was on blur with someone with size in the
amount of collection rate let's just say someone held like like 50 of a collection they would just
grind that every time it went up they would sell and rebuy and sell and rebuy just to grind
the points and it was like taking any collection that was not fully distributed like say crypto
bunks there's not necessarily people who hold the majority of that but any any collection with any
kind of liquidity was just getting angle grinded to nothing um and it didn't matter what the founder
did or what they released or any road maps and it was just very rare for a collection to be able to actually hold up if there was anything other than a massive blue chip
um and i think that was one of the death nails of the space okay who's up next creon and yeah um
i i wasn't expecting to get a sermon here, but I needed that back in 2020.
So that false sense of loyalty I had at, you know, because especially to this one, well, to my own community and also to this one project or team from in Vietnam
but but but that one I don't know if you guys know but I'm not gonna be dropping the name but
The CMO at a time is Australia Australian and I met these people in an exclusive event
So I was really bullish on that studio in that team and
Also in my community.
Because in 2021, I don't know if you guys know, but there was like a typhoon in the Philippines that hit a lot of people in the, like in the Visayas region of the Philippines. And at that time, the reason why I did not take profit is because for the very first time, I was able
to like help a lot of people, you know, charity there and here and there, you know, and that
felt good.
And also the community, I mean, to the game, to the game community, I felt like I needed
to, I had to be like loyal to these people because I am earning because of them, you
know, and I'm also letting people earn.
And then come 2022, around February, when things start to go south, right, I still, you know, I held on to those NFTs and let the scholars or the players just continue playing, you know,
instead of like selling those NFTs, those assets, which, by the way,
reach up to like 400k plus in dollars.
Those were the times, man.
Yeah, I was like thinking of like maybe two more months
and I was like planning to buy a like a property and a car
and that all crumbled you know after the mid-february when the war started in uh in ukraine
and then come um ftx and then there's luna everything it was just like one blow after
another wasn't it i remember we were doing it was crazy man like it was like
watching the valuations in the market was like it was i used to say to the investors like you know
i'm catching this falling knife and so many times that all i've got is like two bags of fingers
i mean it was absolute insanity um yeah i see dog funk just joined us. Give it some love dog funk. What's your happy 2021 memories?
Oh, baby. Hello. I'm so sorry. It's incredibly loud. I'm in the washroom of
Dubai. They're dancing pirates on the stage.
You're still in Dubai. I'm sorry you get stuck in a camel left in the desert.
Just for me.
I don't want to be inside of the heat.
Sit here, baby. They won't let me go. I like the pocket ARX Expo, which is traditional there.
It's been two days and then there's a two days for me attending.
I've been out here hobnobbing with the traditional community.
And guess what?
They are still interested in us.
They just want us.
There's been a
crazy amount of synergy here.
Ask me a question. I'll answer it.
I mean, you're rugging hard, man.
You're like a robot, bro.
It's like that one of the
Dr. Funk.
I'm in a club.
Of course you are.
Can you hear me?
Can you hear me?
Yeah, can you hear me, Bonty Funk?
What's your 2021 memory?
What did you round trip?
Oh, can I just step here?
I won't go upstairs.
No problem.
Sorry, I'm being directed.
You know how I roll. Listen, my 2021 memory is like a big bang of explosive, creative, fantastic energy that was unfortunately mired by greedy, disgusting, horrible narrative.
And it's like the progenitor of all the stuff that we need to eradicate from everyone's vocabulary in public on Twitter right now.
That's where it became.
We can repeat that.
We can use AI.
We can even do it better.
The ability to use AI to help us build businesses.
That's just what we tried to do, there were so many good projects and so many good people trying to do something real that got swallowed up by this like up only market stuff.
I mean, like the tools that we have now are so much more incredible.
We've got four more years worth of advancements, four more years worth of primitives.
It's so much easier to put this stuff together.
We can do it.
We can do anything.
And that's the thing that I'm trying to tell everybody right now now because i'm being very loud on the timeline about fixing the culture
all we have to do is repair the culture and we have to remember that yes we can make money but
making money is not the entire point of using this technology it's to build amazing shit together
so if we can just all do that and then we can tell everyone who's saying stuff
that is that is against that to please uh uh stfu and gtfo uh we'll have a much better time of
actually achieving our beautiful wonderful dreams using this technology and that's my beast and that
is a fantastic piece and we've had a party funk two spaces in a row and he's literally living up to his name
as dr funk he's like it last time he was entering a rave now he's in an actual club um pipe dream
give us give us your thoughts your hands been up for quite some time and then we will wrap this
wonderful space up with all of these fantastic people get ready to follow get ready to follow
each other follow the speakers and uh yeah, what are you thinking, Pipe?
Yeah, so I think there was a Nike NFT mint, if I'm not mistaken.
There was many.
I tried to get it.
Yeah, yeah, I tried to get in on that.
I mean, fucking it was like 650.
I was there on time.
I had the ETH and 650 bucks gas.
I was like, fuck that.
No way.
You know, I mean, know uh that i was really
annoyed by that one and nike ended up making a billion fucking dollars from there from from
from nfts that year yeah so that was a very lucrative experiment and you know people always
say oh but getting a wallet and getting metamask and all those barriers to entry who's going to get into it if people
want it badly enough they will they will just do it i mean 2021 i think was was the time that you
were punished for being lazy you were punished for not finding you were punished for not being active
like more so than in any other time right exactly? Exactly, exactly. You have to get with the program.
And I think there's this concept called emotional arbitrage
that I learned from this marketer called Rory Sutherland.
If you make people want it on an emotional level badly enough,
they will go through whatever hurdles are necessary to get the thing.
And the NFT craze in 2021,
they had all the Adidas stuff and whatever.
That really, really kind of crystallized that, you know.
And, you know, NFTs are not easy.
You know, they're even harder than fungibles
because you can't really buy them.
Yes, there are centralized NFT markets,
but they're shit, right?
You don't really make any money on that.
Not really, right? I think that's the thing it's like taking the chance of money out of the hands
of people and putting in the hands of the agencies that exploited the projects i mean they made their
money right so the people helping the projects made the money the exchanges made the money all
of the infrastructure plays basically yeah led the
space dry and i think what funk said about like you know create crazy stuff make crazy things
um and forget about the money i think the money was what made these crazy things possible these
these dreams they existed in such a short time like an ephemeral little flame in the first kind of crazy thing.
Has no one mentioned NBA Top Shots?
I was about to mention that.
Oh, there we go.
So NBA Top Shots, that was another example,
because I was on Flow.
I've never used Flow, but that is really what made Flow
kind of put them on the map.
And they are the ones that brought a whole bunch of users into Web3.
I think NFTs in general, but NBA Top Trust in particular,
they brought a whole bunch of new Web3 users.
And NFTs brought in the biggest amount of Web3 users, I think, outside.
And I think that's the key.
We need people from outside of Web3 to get into Web3
to really make things pop.
I'm 100% on that.
I remember there was a thing, like, was it not a thing
like you couldn't actually trade out or something like that?
You couldn't exit pop shots at one point or something?
There was something along those lines where there was a load of,
yeah, people were pretty pissed off. I can remember the amount of different things that turned into honey honey
pots and i remember there was like i don't know if it was 21 or a little bit later but there were
projects that locked their entire treasury behind a broken smart contract there was all sorts of
crazy the amount of money that was being thrown into this
new brand new idea of monetizing these gated communities that's what it was sold as it was
like this bfb brings you a ticket to get into something special and unique and what we forgot
is that we were already in the community of special and unique and we managed to divide
ourselves up and then we couldn't sell could we we couldn't get out of those communities
because we were committed to them yeah i think it was like oh man is it was it substratum where the
founder the founder shorted their treasury um literally as eth bottomed out and got liquidated
oh beautiful i mean like treasury mismanagement could be a space in its own.
Yeah, but this was, if I recall correctly, it was done live.
Like, he was basically, to save the company, he was, like, you know,
leverage trading ETH, and he managed to literally short the bottom of ETH
at the time
and in just one fell swoop basically liquidated himself.
It was brilliant.
I remember at the bottom of the market when we just received our funding
and it was absolute, the pure bottom of the market,
I remember telling one of my investors, like,
I could just put the treasury into Bitcoin.
And he was like, no like no no you're not a
trader don't do that and um yeah we fucked up man we fucked up and uh yeah all your companies are
now dead man no joking joking acquisition off by the way just uh just a disclaimer matthew is not
a cfo um actually previously i was ceo and cFO and I didn't put anything into Bitcoin.
I kept in stables and bled out just like the rest of the projects in 2022 and 2023.
And I used all of my own personal stash of, um, I think it was nine just to keep the thing going back in the day when F was worth basically what it is now.
Cause it was went to shit.
Um, but it's been like i think right 2021
was magic and though we're at bitcoin 100k i don't feel the magic yet what is going to bring
the magic we will tackle that in more spaces this has been absolutely amazing follow these
fantastic people thank you so much for coming to no cap gaming we love you all it's gonna be a fucking beautiful
beautiful ball run we have an ameri pope now it's um it's huge um sadly we couldn't get the
president himself to attend today but we will be there um on another episode of no cap gaming
i've been matt thank you so much. Thanks, guys.
Adios, amigos.
Ciao, ciao.
Thanks, everybody. Beautiful. Do it wrong, not at all, but do it right.
No one owes you, no one's to blame.
Sit for bad genes or DNA.
Ask your conscience the why and how.
Do it then, do it when, but do it now.
What's up?
We got the street page.
Who's here?
Who's here?
Anywhere here?
Girls.
Easy.
