Thank you for joining us here this morning.
We are going to start the show here in just a few minutes.
We will give it a few for folks to filter in, get our speakers up on stage.
While we wait, here are some tunes.
We are going to start the show here in just a few minutes.
We are going to start the show here in just a few minutes.
We are going to start the show here in just a few minutes.
We are going to start the show here in just a few minutes.
We are going to start the show here in just a few minutes.
We are going to start the show here in just a few minutes.
Good morning and welcome to the lucky lead.
Good morning and welcome to the lucky lead.
Today is Monday, February 5th.
Today is Monday, February 5th.
It was a beautiful weekend here in Chicago.
Folks, it was a beautiful weekend here in Chicago.
We were up in the mid-40s.
We were up in the mid-40s.
The sun was shining all weekend.
We were outside with the fam just absolutely loving it.
The EFT market loving these new entity token standards popping up across both ETH and Solana.
The market is loving the miners and the puppets over on Bitcoin as well, though nothing is
getting as much love as Farcaster, if you have been on the timeline at all, though Jupiter,
getting as much love as Farcaster if you have been on the timeline at all.
No Jupyter, not as much love there.
We are going to break it all down on today's show.
We are going to break it all down on today's show.
I see some friendly faces out there.
I see some friendly faces out there, DJ, Joe, Nifty, Marco, thank you for joining us.
DJ Joe, Nifty, Marco, thank you for joining us.
As a reminder for any new listeners out there, we do run the show every weekday, Monday to
Friday at 10 a.m. Eastern, covering all the major news in crypto and NFTs.
I'm your host Tyler Dean.
I'm joined today by some amazing co-hosts.
We've got Emily Loves Crypto, a Web3 security expert and co-founder of Fullproof Labs.
Ghost, content star over at LuckyTrader, Quiet Whale, deep in the AI streets, still hanging
Ghost, content star over at LuckyTrader, Quiet Whale, deep in the AI streets, still hanging
And then Logan, his Cocker Editor and Chief over at LuckyTrader, he's repping the LuckyTrader
Thanks for joining us, we'll be back in a little bit, but we'll be back in a little
Logan, GM, how you doing?
Lots of sunshine here this weekend as well.
Lots of sunshine here this weekend as well.
So still suffering through the winter, but having fun in doing so.
But we didn't really get the warm temperatures, unfortunately.
So still suffering through the winter, but having fun in doing so.
Lots of sunshine, lots of topics, a lot of news in the NFT market.
Lots of sunshine, lots of topics, a lot of news in the NFT market.
We've got a ton to talk about today, folks.
We've got a ton to talk about today, folks.
So what is on the docket?
So what is on the docket?
We're going to recap the weekend, hitting some hot new ETH NFTs, some new token standards
taking off, Bitcoin NFTs finding new all-time highs, the flight to FarCaster, G money's
And the number of people who think confidently they can beat 14% in six months, Quantum Cast
And the number of people who think confidently they can beat 14% in six months, Quantumcast
coming later today, and a whole lot more before we dive in, though, Ghost, any housekeeping
coming later today, and a whole lot more before we dive in, though, Ghost, any housekeeping
As always, if you enjoy this show, Tyler does a great rundown of the NFT space every
As always, if you enjoy this show, Tyler does a great rundown of the NFT space every morning
morning in the Morning Minute newsletter.
in the Morning Minute newsletter.
We've got that pinned to the top of those spaces.
We've got that pinned to the top of the spaces.
Make sure you give that a subscribe if you haven't already.
Make sure you give that a subscribe if you haven't already.
As you know, we've been keeping the show more casual.
As you know, we've been keeping the show more casual.
If you've got a hot take on any of the topics that we are covering, feel free to shoot that
If you've got a hot take on any of the topics that we are covering, feel free to shoot that
hand up, come up on stage, and join the conversation.
hand up, come up on stage, and join the conversation.
All right, well, I'm going to start us off here with just a recap from the weekend from
So I want to start us off here with just a recap from the weekend from this morning's
this morning's Morning Minute newsletter.
Morning Minute newsletter.
So the weekend got off to a fast start on Friday after GMoney shocked with a $1 million
So the weekend got off to a fast start on Friday after G money shocked with a $1 million
loan against his ape crypto punk, but that was quickly overshadowed by talks of a new
loan against this APE crypto punk, but that was quickly overshadowed by talks of a new
social app just exploding, new token standards on ETH and Sol ripping, and then the rise
social app just exploding, new token standards on ETH and Sol ripping, and then the rise
of the puppets and miners over on Bitcoin.
of the puppets and miners over on Bitcoin.
So starting with Ethereum, two new NFTs have taken off over this weekend.
So starting with Ethereum, two new NFTs have taken off over this weekend.
So the first, a new mint called Nobody tied to Stephen Chow just dominated market volume
So the first, a new mint called Nobody tied to Stephen Chow just dominated market volume
It ran from a 0.195 ETH mint to 0.9.
It ran from a 0.195 ETH mint to 0.9.
If you don't know Stephen Chow, apparently he is a famous actor in Asia.
If you don't know Stephen Chow, apparently he is a famous actor in Asia.
He's an actor, a director, I think perhaps a comedian as well.
He's an actor, a director, I think perhaps a comedian as well.
He is behind the project.
He is behind the project.
The art is still unrevealed.
The art is still unrevealed.
So we'll find out soon what this is going to look like.
So we'll find out soon what this is going to look like.
And then the other new project, perhaps more quietly dominating, at least until this morning,
And then the other new project, perhaps more quietly dominating, at least until this morning,
Pandora. So Pandora uses the ERC 404 experimental token standard.
So Pandora uses the ERC 404 experimental token standard.
It reached a 1.74 I saw this morning.
It reached a 1.74 I saw this morning.
It's a company token, has reached a $36 million market cap, as I understand it.
It's a company token, has reached a $36 million market cap.
As I understand it, and I want to talk through this more with Logan and others here in a
And I want to talk through this more with Logan and others here in a bit.
NFT holders can burn the NFT in exchange for tokens.
You can burn the NFT in exchange for tokens.
Token holders can then trade in the tokens for NFTs once they've accumulated enough.
Token holders can then trade in the tokens for NFTs once they've accumulated enough.
So it just enables a new version of swap.
So it just enables a new version of swap.
I think the idea here is to, and I'm quoting, enable persistent liquidity for entering and
I think the idea here is to, and I'm quoting, enable persistent liquidity for entering and
exiting the NFTs, effectively making them semi fungible.
exiting the NFTs, effectively making them semi fungible.
So far, the market does like it across blockchains.
So far, the market does like it across blockchain.
So that leads us to our next story.
So that leads us to our next story, SPL 20s have taken over Solana.
SPL 20s have taken over Solana.
The Madlads had to move over Bozo hybrid, so this week into a 280 sole floor, becoming the
The mad lads had to move over bozo hybrid source this week into a 280 sole floor, becoming
the highest floor for any 1000 plus NFT collection on Solana, bringing up kind of a whole series
highest floor for any 1000 plus NFT collection on Solana.
Bringing up kind of a whole series of new NFTs along with it.
of new NFTs along with it.
But these again, they're not normal NFTs, they are SPL 20s, SPL 20s similar to ERC 404,
But these, again, they're not normal NFTs.
They are SPL 20s, SPL 20s, similar to ERC 404, as I understand it.
as I understand it, it's basically an NFT and a meme coin at the same time.
It's basically an NFT and a meme coin at the same time.
Just like the ERC 404, you can mint the NFT and sell it for tokens.
Just like the ERC 404, you can mint the NFT and sell it for tokens, you can exchange tokens
You can exchange tokens for NFTs.
And this does seem to be one of the shining new objects on Sol.
And this does seem to be one of the shining new objects on Sol.
We saw Bozo hybrid, Deez Nuts, and Fox, FOCS, all just kind of steal volume and
We saw bozo hybrid, Ds nuts, and then Fox, FOCS, all just kind of steal volume and attention
attention share over the weekend.
As for the rest of Solana, folks, we may have got this Jupiter airdrop all wrong.
Just for the rest of Solana, folks, we may have got this Jupiter airdrop all wrong.
It feels like the whole ecosystem is a wasteland.
No meme coins are moving.
No meme coins are moving, NFTs are not catching a bid.
NFTs are not catching a bid.
I don't know where all the big ball of money went, perhaps it went to meow and team, but
I don't know where all the big ball money went.
Perhaps it went to Meow and Team.
But it seems like action has moved.
it seems like action has moved.
Where it may have moved could be base and Farcaster.
Where it may have moved could be base and far caster.
So decentralized social is the new social fight.
Decentralized social is the new social fight, and many are saying and believe it has a much
And many are saying and believe it has a much stronger foundation.
Farcaster has been around for a while, but it really caught momentum here in the past
Far caster has been around for a while, but it really caught momentum here in the past
week. Daily active users have gone parabolic.
Daily active users have gone parabolic, more than 10Xing from about 2,000 per day to over
More than 10Xing from about 2,000 per day to over 25,000 this weekend.
And this is my elementary understanding.
And this is my elementary understanding, we'll talk about it more here on the show.
We'll talk about it more here on the show.
It's a decentralized protocol that enables apps to be built on top of it on chain.
It's a decentralized protocol that enables apps to be built on top of it on chain, again
Again, on base, I think it's powered by optimism.
I think it's powered by optimism.
That is the decentralized and blockchain aspect here.
That is the decentralized and blockchain aspect here.
The social part is the first major app that's gained traction.
The social part is the first major app that's gained traction, that's Warpcast.
Warpcast is a Twitter like app built on Farcaster, the most popular app to date.
Warpcast is a Twitter like app built on Far Caster, the most popular app to date.
I think why is it booming?
I think why is it booming?
That's the number one question here.
That's the number one question here.
I think that's where speculation comes in.
So certainly an aspect of the growth can be attributed to some of the thought leaders on the
on the timeline, DC investors and others who have been touting it as of late.
timeline, DC investors, and others who have been touting it as of late.
And then those who want organically to use Warpcast to escape X and connect with
And then those who want organically to use Warpcast to escape X and connect with like-minded
like minded folks and explore new things.
folks and explore new things.
So that certainly is happening.
So that certainly is happening.
But for me, I think the hyper growth recently is due to a few recent ecosystem meme coins
But for me, I think the hyper growth recently is due to a few recent ecosystem meme coins
and NFTs which have skyrocketed its leading meme points.
and entities which have skyrocketed.
Its leading meme coins, Degen and Frame reached $150 million, $9 million market caps over
Degen and Frame reached $150 million, $9 million market caps over the weekend.
They are both down about 30 to 50 percent since.
They are both down about 30 to 50% since, but it seems like new ones are taking off
But it seems like new ones are taking off by the day and waves of new participants want to
by the day and waves of new participants want to cash in on this.
We will see how many stick around.
We will see how many stick around.
And then broadly back to the Ethereum NFT market, it was largely a quiet week.
And then just broadly back to the Ethereum NFT market, it was largely a quiet week.
I'm not going to go through all the floors, but basically it was a red week.
I'm not going to go through all the floors, but basically it was a red week.
Most of the leaders down somewhere between one and four percent.
Most of the leaders down, somewhere between 1% and 4%.
Punks momentum does seem to have gone away, at least temporarily.
Punks momentum does seem to have gone away, at least temporarily.
Pudgies still kind of look like the strongest on the ETH board, at least for PFPs right now.
Pudgies still kind of look like the strongest on the ETH board, at least for PFPs right
Doodles seem to be building some momentum at 2.5.
Doodles seem to be building some momentum at 2.5.
Again, it's kind of hard to see with the catalyst from the next leg up, but perhaps a surprise
Again, it's kind of hard to see with the catalyst for the next leg up, but perhaps a surprise
airdrop or to make kickstart some momentum and dimension is expected to come later this
airdrop or to make kickstart some momentum and dimension is expected to come later this
week. So I'm going to pause there.
We can start anywhere that you'd like.
We can start anywhere that you'd like.
Emily, your hand popped up already.
Emily, your hand popped up already.
So what do you want to react to?
So what do you want to react to?
Where do you want to start?
Where do you want to start?
Yeah, I guess with Warpedcast, there truly is only one reason that it's getting this
Yeah, I guess with broadcast or warpcast, there there truly is only one reason that it's
gained this much traction, and that's because they've presented an opportunity to de-gen and
And that's because they've presented an opportunity to degen and inline degenning in the app,
inline de-genning in the app, I think, is one of the more novel ideas we've seen lately.
I think, is one of the more novel ideas we've seen lately.
I don't think it has anything to do with the platform, anything to do with the app itself,
anything to do with Zot Leaders.
Anything to do with Zot Leaders, it's literally just, here's an opportunity to make money.
It's literally just here is an opportunity to make money and that's all it takes currently.
And that's all it takes currently.
The other one is, oh, it's that Pandora thing.
The other one is that Pandora thing, every smart person I know says it would have made more sense
Every smart person I know says it would have made more sense to just rap LP than to play
to just wrap LP than to play with that, but I don't entirely understand that one myself.
I don't entirely understand that one myself.
So yeah, I want to come back to the Pandora and the new token standard.
I want to come back to the Pandora and the new token standard.
So perhaps we just start with Farcaster.
Logan, I'll throw it to you.
Logan, I'll throw it to you.
Curious for your reactions, I think you've been on there for a bit.
Curious for your reactions.
I think you've been on there for a bit.
What's your first hand take from a user perspective?
What's your firsthand take from a user perspective?
Perhaps what are your thoughts on why it's growing?
Perhaps what are your thoughts on why it's growing?
Yeah, I've enjoyed it personally.
Yeah, I've enjoyed it personally.
I joined actually maybe a month or two ago and kind of barely posted in a few different channels like
I joined actually maybe a month or two ago and kind of barely posted in a few different
channels like Tenes and some other things, of course, that I had minor interest in with
Tenes and some other things, of course, that I had minor interest in with a core focus still here on X.
a core focus still here on X.
And then over the course of the last few days as user engagement has gone up and more people
And then over the course of the last few days, as user engagement has gone up and more people have joined,
have joined, I've been posting quite regularly.
I've been posting quite regularly, personally enjoyed the experience in large part because one of the struggles
Personally, I enjoyed the experience in large part because one of the struggles that I have
that I have was something like X.
with something like X, and I mentioned this back in the FriendTech days as well, is my
And I mentioned this back in the friend tech days as well as my interests are so varied that it's really difficult
interests are so varied that it's really difficult to find a proper voice here on X.
to find like a proper voice here on X, right?
Like I want to tweet about Tenes.
I want to tweet about Tenes.
I want to tweet about all these different things.
And it's not really set up well in a way to curate your audience so that they like all of those different things, right?
And it's not really set up well in a way to curate your audience so that they like all
of those different things.
Like you end up shedding followers, shedding engagement because your posts are so different.
You end up shedding followers, shedding engagement because your posts are so different.
This is kind of like Reddit-esque in the sense that you can post those things in a channel specifically for that type of content
This is kind of like Reddit-esque in the sense that you can post those things in a channel
specifically for that type of content where others are not going to see it if they don't
where others are not going to see it if they don't wish to see it.
So that's one of the things that I'm really enjoying about it.
So that's one of the things that I'm really enjoying about it.
I'm not, of course, disagreeing in any way that the current boost in users and engagement is related to people finding an opportunity for money.
I'm not, of course, disagreeing in any way that the current boost in users and engagement
is related to people finding an opportunity for money.
To me, I mean, this was an opportunity to find more ideas.
To me, I mean, this was an opportunity to find more ideas.
I was just starting to pick up action there right before Packey's article on frames, right
I was just starting to pick up action there right before Packey's article on frames, right before frames took place.
before frames took place.
And so that's what it was for me.
And so that's what it was for me.
And now, yeah, just like anybody else, I'm seeking out those opportunities for financial gain as well.
Yeah, I think you cover it well.
I think you cover it well.
I think there's a few different reasons folks are going over there.
I think there's a few different reasons folks are going over there.
One, there is a bit of a better user experience for some use cases, like one, posting links, right?
And there is a bit of a better user experience.
For some use cases, like one, posting links, right?
Links we know on X get diminished.
Links we know on X get diminished.
You don't get as much reach.
You don't get as much reach.
That's not happening over on Warpcast.
That's not happening over on Warpcast.
So there's a UK use case.
So there's a UK use case.
Logan, you kind of mentioned easier to kind of curate a feed over there.
Logan, you kind of mentioned easier to kind of curate a feed over there.
Certainly that makes sense as well.
Certainly that makes sense as well.
I am curious, Logan, have you been in the DGN streets?
Have you been playing in the meme coins or the NFTs?
Have you been playing in the meme coins or the NFTs?
What's that experience been like?
What's that experience been like?
It's it's been super fruitful.
It's been super fruitful.
I was really early to to frames that coin in like the three hundred K market cap range.
I was really early to frames that coin in like the 300k market cap range.
There's one that popped off last night called Dog in Me that I was really, really early to just by happenstance.
There's one that popped off last night called like Dog in Me that I was really, really early
I'm making super tiny bets.
I'm making super tiny bets.
So these aren't like life changing changes in the last few days here.
So these aren't like life changing changes in the last few days here.
But, you know, twenty thirty X's, you can find a couple of different times, you know, more than a couple of different times here in the last week on Farcaster.
But you have 20, 30 Xs you can find a couple different times, more than a couple different
times here in the last week on Farcaster.
So, yeah, I've been fortunate to be playing with them last last night.
So yeah, I've been fortunate to be playing with them.
Last night there was a really silly one that came out.
There was a really silly one that came out a mint.
You could mint tokens by inputting a seed phrase, of course, which just introduces so many wild different things.
You could mint tokens by inputting a seed phrase, of course, which just introduces so
many wild different things.
But I participated in that as well with a brand new seed that I've since thrown away, et cetera.
But I participated in that as well with a brand new seed that has since thrown away,
But it's just weird. There's lots of weird things happening.
There's lots of weird things happening.
And that's like the perfect playground for someone like me who wants to take many small bets and just kind of, you know, be weird.
And that's like the perfect playground for someone like me who wants to take many small
bets and just kind of, you know, be weird.
That's that's what's been really fun about it in the last week.
That's what's been really fun about it in the last week.
Yeah. Hopefully the mint with seed phrase use case is one that doesn't see super wide traction.
Hopefully the mint with seed phrase use case is one that doesn't see super wide traction.
I'm sure there's no way that that could go wrong.
But I think you mentioned another thing, which is on the call sheet here is some of the new use cases that have popped up,
But I think you mentioned another thing, which is on the call sheet here is some of the new
use cases that have popped up, which I think is another area folks are bullish on this
which I think is another area of folks are bullish on this tech because you can do some things or you can claim airdrops,
tech is you can do some things or you can claim airdrops, I want to say like in a frame
I want to say, like in a frame like within the app without a few clicks.
like within the app without a few clicks.
So so that's a nice experience for users.
So that's a nice experience for users.
Go. So I'll throw it to you. Did you join Farcaster yet?
Did you join Farcaster yet?
What's your first hand reactions?
Yeah, I joined it. I've been having fun with it. I really like the discovery and like ability to curate your your feed really easily.
I've been having fun with it.
I really liked the discovery and like ability to curate your feed really easily.
And like the big difference for me, I don't want to compare it to to friend tech directly because I don't think that they're the same type of platform at all.
And like the big difference for me, I don't want to compare it to to friend tech directly
because I don't think that they're the same type of platform at all.
But with friend tech, it felt like you had to like monitor that room and and like be your own your own voice there.
But with friend tech, it felt like you had to like monitor that room and and like be
your own your own voice there.
And like I I'm not someone who posts a ton on Twitter.
And like I I'm not someone who posts a ton on Twitter.
I didn't enjoy posting a ton on friend tech and like it's a very good scrolling experience on Farcaster because there's so many different communities and easy ways to to get your feed curated very quickly and find topics that you like.
I didn't enjoy posting a ton on friend tech and like it's a very good scrolling experience
on Farcaster because there's so many different communities and easy ways to to get your feed
curated very quickly and find topics that you like and I've I've found that very interesting
And I've I've found that very interesting.
and especially with kind of like I feel like everyone pretty much agrees that the cesspool
And especially with kind of like I feel like everyone pretty much agrees that the cesspool that Twitter has become with with the different ads and scams on your feed and like the for you page is often like just terrible.
that Twitter has become with with the different ads and scams on your feed and like the for
you page is often like just terrible.
So I feel like the the nice curated feed has been a great experience.
So I feel like the the nice curated feed has been a great experience.
But I also think it's kind of a balance between the two between like the best builders in crypto right now.
But I also think it's kind of a balance between the two between like the best builders in
crypto right now were prioritized and onboard gods of the platform and they're building
We're prioritized and onboard gods of the platform and they're building cool things that that people can leverage.
cool things that that people can leverage.
And then you also appeal to the the people with these different tokens and people making money.
So I think that's kind of been a nice kind of confluence of things that are appealing to the entire spectrum of crypto people.
So I think that's kind of been a nice kind of confluence of things that are appealing
to the entire spectrum of crypto people.
Yeah, I wonder if the DGN aspect is a net positive or a net negative.
Yeah I wonder if the D gen aspect is a net positive or a net negative.
I won't think it's I'm leaning net negative.
I won't think it's I'm leaning net negative.
You know, I think on the surface, you know, comparing this to friend tech again, there were some use cases for friend tech, which which made sense.
You know I think on the surface you know comparing us to friend tech again there were some use
cases for friend tech which which made sense.
But then, of course, the hyper financialization of it, 33, the prices, you know, going through the roof kind of ruined the experience for a lot of folks.
But then of course the hyper financialization of it 33 brought the prices you know going
through the roof kind of ruined the experience for a lot of folks and of course everything
And of course, everything came crashing down and folks just left.
came crashing down and folks just left.
I feel like with a new wave who is coming over more for financial reasons, are they going to have a bad experience?
I feel like with a new wave who is coming over more for financial reasons are they
going to have a bad experience if the meme coins they start chasing they start losing
If the meme coins they start chasing, they start losing money on like the early ones were winners, just like the early ones typically are.
Like the early ones were winners just like the early ones typically are.
But it's harder and harder and typically you see diminishing returns on these things over time.
But it's harder and harder and typically you see diminishing returns on these things over
So I think that is a concern.
So I think that is a concern.
I think the way they they launched it and starting with builders made a ton of sense.
I think the way they they launched it and starting with builders made a ton of sense.
And I think if the true crypto thought leaders and builders do continue to post and post unique content and build things over there, that is a foundation that can last.
And I think if the true crypto thought leaders and builders do continue to post and post
the foundation that can last.
Logan, I'm curious for your additional thoughts and I do want to get Sam's take as well.
Logan I'm curious for your additional thoughts and I do want to get Sam's take as well.
I think what you just shared, Tyler, regarding the arc is, you know, is likely to take place, just like with friend tech, where you're going to reach a point where no more new stuff can really sustain.
I think what you just shared Tyler regarding the arc is you know is likely to take place
just like with friend tech where you're going to reach a point where no more new stuff can
The difference I see here personally is just the onboarding cost.
The difference I see here personally is just the onboarding cost.
It's literally zero. Right.
It's literally zero right.
And and so that's one where I'm just wondering if Farcast or Warpcast kind of holds itself up.
And so that's one where I'm just wondering if Farcast or Warpedcast kind of holds itself
It's got a higher floor, I guess I should say. Right.
I guess I should say right.
It would be a bit more stability just because users are not you know forced to offload tens
It would be a bit more stability just because users are not forced to offload tens of ether or whatever to participate in an effective way.
of ether you know whatever to participate in an effective way.
Yeah. No, I'm with you there. Sam, I'm curious for your thoughts.
No I'm with you there Sam I'm curious for your thoughts.
I haven't really seen you post too much about Farcast or so.
I haven't really seen you post too much about Farcast or so I'm guessing that you may not
I'm guessing that you may not be over there yet.
I am curious if you've been reading the timeline and the tea leaves have any early reactions or a perspective on Warpcast, Farcast or decentralized social any of this.
or perspective on Warpedcast, Farcast or decentralized social any of this.
So I've been skiing a bit lately. I haven't been quite as active around here, but I did.
So I've been skiing a bit lately I haven't been quite as active around here but I did
oh I did set up an account yesterday.
Oh, I did set up an account yesterday.
I got the punk. I thought like maybe it's a cool chance to try to get some interesting handles.
I thought like maybe it's a cool chance to try to get some interesting handles so I got
So I got the punk. Oh, wow.
Yeah. But I don't know. I don't really look, I think like social media networks.
I've been people have been talking about the downfall of Facebook, the downfall of Instagram, downfall of Twitter for the past 20 years.
downfall of Twitter for the past 20 years.
Sam, I think we lost you.
Damn, I may have to ask you to cycle off.
I may have to ask you to cycle off.
Not sure what happened there.
Not sure what happened there.
Yeah, and unfortunately, I really wanted to hear where he was going with that.
Unfortunately I really wanted to hear where he was going with that.
I think he perhaps was going to make the point that people have been calling for the downfall of X of other social media apps, and it just hasn't happened.
of X of other social media apps and it just hasn't happened.
I'm kind of in that camp as well.
I'm kind of in that camp as well.
I don't think X itself is not going anywhere.
I don't think X itself is not going anywhere.
I do think personally, it's very hard to grow a platform across two channels.
I do think it's personally it's very hard to grow a platform across two channels so
So folks will have to kind of make a choice. Sam, if you're back, I'd love for you to continue on your thoughts.
folks will have to kind of make a choice.
Sam if you're back I'd love for you to continue on your thoughts.
I'm just saying, like I said, like people talk about the demise of Facebook, the demise of Twitter, the demise of Instagram all the time.
I was just saying like I said like people talk about the demise of Facebook the demise
of Twitter the demise of Instagram all the time and it is the network effects are so
And it is the network effects are so massive.
massive and it's kind of ironic that like in the middle of me talking I just got kicked
And it's kind of ironic that like in the middle of me talking, I just got kicked off the platform because this really is such a shitty technology platform right now.
off the platform because this really is such a shitty technology platform right now but
But I just think like it's one week of a bunch of people making money on a new platform and talking about it doesn't get me excited just the same way threads didn't get me excited.
I just think like it's one week of a bunch of people making money on a new platform and
talking about it doesn't get me excited just the same way threads didn't get me excited
So I don't know. I'm over there.
Maybe I'll tweet something. I don't have a single follower.
It just the moat is how hard it is to build a network and how hard it is to build from scratch.
it just the moat is how hard it is to build a network and how hard it is to build from
scratch and like Twitter has such a huge kind of lead on stuff like not even lead it's just
And like Twitter has such a huge kind of lead on stuff like not even lead.
It's just massive moat. So I don't know. We'll see.
massive moat so I don't know we'll see but like I said like new social networks that
But like I said, like new social networks that aren't like what has dethroned platforms like TikTok.
aren't like what what has dethroned platforms like tiktok tiktok was fundamentally different
TikTok was fundamentally different. You know, so when you have something that I go on, I'm like, wait, this is the exact same.
you know so when you have something that I go on I'm like wait this is the exact same
I'm just like this isn't gonna be a big thing but we'll see yeah I'm kind of I'm kind of
I'm just like, this isn't going to be a big thing. But we'll see.
Yeah, I'm kind of I'm kind of with you there as well from a large big picture view.
with you there as well from a large big picture view you know warpcaster I think it's described
You know, Warpcaster, I think it's described as Twitter like and right there.
as Twitter like and right there you know you're already just talking about effectively a copycat
You know, you're already just talking about effectively a copycat.
Of course, there there are things that can be built.
I think it's plus to go over there to start experimenting and playing around with.
to start experimenting and playing around with but I don't think folks who've spent years building
But I don't think folks who have spent years building platforms and followings on X are going to give that up and start from scratch.
platforms and followings on x are going to give that up and start from scratch and there could be
And there could be money. I'm like, I just haven't been paying close enough attention to know the money making opportunities.
money man I'm like I just haven't been paying close enough attention to know the money making
opportunities I would definitely like take cues from Emily or the other folks who really kind of
I would definitely like take use from Emily or the other folks who really kind of understand kind of the incentive structure that's going on over there.
understand kind of the incentive structure that's going on over there I'm just not that familiar
I'm just not that familiar with it. Yeah, for sure.
yeah for sure I mean Logan we have to give him credit he's deep in the trenches and he's just
I mean, Logan, we have to give him credit. He's deep in the trenches and he's just sitting 30 X's on a daily basis.
hitting 30 x's on a daily basis we just gotta get convinced this guy to bet more uh is the
We just got to get convinced this guy to bet more is the is the reality of the situation.
is the reality of the situation well Sam while you're up here I mean I appreciate you've been
Well, Sam, while you're up here, I appreciate you've been skiing more, partially because I guess the theory of manatee market has been boring as hell recently.
skiing more partially because I guess the aetherium and tea market has been boring as hell
recently I'm curious you know what what might be jumping out to you at a big picture are we just
I'm curious, you know, what what might be jumping out to you at a big picture?
Are we just kind of in like a steady state process waiting for the next big thing?
kind of in like a steady state process waiting for the next big thing uh kind of what what's your
Kind of what's your read? You've been talking a lot about the loan volatility and the blend market not really playing out as intended.
read you've been talking a lot about the loan volatility uh and the blend market not really
playing out as intended yeah I'm always intrigued when like incentive structures create something
Yeah, I'm always intrigued when like incentive structures create something different than what's intended.
different than what's intended and I thought that was really happening on the blend market for a
And I thought that was really happening on the blend market for a while.
while I think it still is like you have the top three wallets are earning 70 percent of the points
I think it still is like you have the top three wallets are earning 70 percent of the points and providing about 35 percent of liquidity.
and providing about 35 percent of the liquidity uh and I started doing it I made 100 I made 100
And I started doing it. I made 100. I made 100 points lending on blend this weekend without providing any liquidity.
points lending on blend this weekend without providing any liquidity so I think the system
So I think the system is fundamentally broken where they are trying to reward people who provide liquidity right now.
is fundamentally broken where they are trying to reward people who provide liquidity right now
they're rewarding people who game the system and uh you know I think I think it's even so I thought
They're rewarding people who game the system.
And, you know, I think I think it's even so I thought that was interesting and actually started to I got into a long kind of Twitter conversation with Dan Robinson,
that was interesting and I actually started to I got into a long kind of twitter conversation with
Dan Robinson the guy who created uh blend just because intellectually I find it interesting
the guy who created Blend just because intellectually I find it interesting when these things just don't do what they're supposed to do.
when these things just don't do what they're supposed to do and the whole when blend was
And the whole when Blend was launched, you know, they talked about how it's going to provide more stable rates,
launched you know they talked about how it's going to provide more stable rates how it's going to
how it's going to provide the best rates for borrowers, how it was also going to and it really, you know, it's it ended up doing none of that
provide the best uh rates for borrowers how it was also going to and it really you know it's it
ended up doing none of that because the volatility where you know pudgy penguin loans would go up to
because the volatility where, you know, pudgy penguin loans would go up to 70 percent and then down to zero percent and then back to 70 percent and then out of zero.
70 and then down to zero percent and then back to 70 and then out of zero now they've kind of leveled
And now they've kind of leveled off at like 20.
off at like 20 but like that volatility is terrible for lenders because you have to like sit at your
But like that volatility is terrible for lenders because you have to like sit at your screen every day getting new loans because they keep getting refinance.
screen every day getting new loans because they keep getting refinance and it's terrible for
And it's terrible for borrowers. So I thought that was kind of a I'm just intrigued by that because I think we are watching a lot of experiments in incentive structures
borrowers so I thought that was kind of uh I'm just intrigued by that because I think we are
watching a lot of experiments in incentive structures and in kind of new formats of markets
and in kind of new formats of markets play out in front of us.
play out in front of us uh and when they don't do what they're intended to do I think it's it's
And when they don't do what they're intended to do, I think it's fascinating.
fascinating so uh that's something I've been following it's kind of normalized a little bit
So that's something I've been following.
It's kind of normalized a little bit, but it's the monopoly over there has has created a big problem.
but it's the monopoly over there has has created a big problem so that I find intellectually
So that I find intellectually interesting, but it's probably not really interesting from a trading perspective.
interesting but it's probably not really interesting from a trading perspective um that's one thing
That's one thing like I think look, I think like blast and what's going to happen with blast is is something that's kind of in the background right now.
like I think look I think like blast and what's going to happen with blast is is something that's
kind of in the background right now um but I think you're right that in this moment like yeah
But I think you're right that in this moment, like, yeah, there's this doodle trader who's out there buying like grail after grail of doodles.
there's this doodle trader who's out there buying like grail after grail of doodles like it feels
Like it feels like there's something interesting going on with doodles in the background and like kind of like the contrast between a nice little positive fundamental flow here versus the fact that there are legacy farmers that own like 300 still.
like there's something interesting going on with doodles in the background and like kind of like
the the contrast between a nice little positive fundamental flow here versus the fact that there
are legacy farmers that own like 300 still like there's kind of like an interesting kind of tension
Like there's kind of like an interesting kind of tension playing out there in that market.
playing out there in that market uh the x copy sale for 100 this weekend you know very like back
The X copy sale for 100 this weekend, you know, very like back when I was doing my show, you know, X copy one of ones were not going for 100.
when I was doing my show you know x copy one of ones were not going for 100 e so that you know
So that, you know, this person bought it for 200 a couple a couple of years ago and there were bids as high as 125 just in November.
this person bought it for 200 a couple a couple years ago and there were bids as high as 125 just
in November so you know I think I think that was kind of interesting so there are a few things I
So, you know, I think I think that was kind of interesting.
So there are a few things. I think you're right, though, that it's not like a moment where something's jumping off the screen.
think you're right though that it's not like a moment where something's jumping off the screen
yeah and certainly there's a lot to unpack there uh one on the lending side I'm right there with
Yeah, it's really that there's a lot to unpack there. One on the lending side, I'm right there with you on the cow.
you on like how these incentives have kind of you know warped the experience for for borrowers
These incentives have kind of warped the experience for borrowers and lenders like I've done.
and lenders like I've done uh I've used one loan on blend and honestly like I hated the experience
I've used one loan on blend and I'll say I hated the experience.
I hated having to check every day if the loan was up in auction or not uh versus other platforms
I hated having to check every day if the loan was up an auction or not versus other platforms like anti fire arcade where you just lock in the set terms.
like anti-fire arcade where you just lock into set terms well the idea is that a lot of people
Well, the idea is that a lot of people are watching and that when any new loan gets undone, like there's kind of a fair rate and players step in because there's a big enough marketplace that different players step in and take it.
are watching and that when any new loan gets undone like there's kind of a fair rate and
players step in because there's a big enough marketplace that different players step in and
take it the problem is that you have a you have three people who get all the points I mean CBB
The problem is that you have a you have three people who get all the points.
I mean, CBB currently has 16 percent of all blur points combined for season three.
currently has 16 percent of all blood blur points combined for season three and these guys are doing
And these guys are doing that by creating bots that basically push other people out.
that by creating bots that basically push other people out so the result is that you can't really
So the result is that you can't really point farm on the lending side if you don't have a bot and don't have a thousand each.
point farm on the lending side if you don't have a bot and don't have a thousand ETH so all those
So all those lenders aren't there anymore. So they're just not paying attention.
lenders aren't there anymore so they're just not paying attention and then the real lenders like
And then the real lenders like Cyrus or the funds like you can get a big loan for 40 percent APY or whatever.
Cyrus or the funds like you can get a big loan for 40 percent APY or whatever but the minute
But the minute that CBB comes back and starts offering zero, the bar is going to refi.
that CBB comes back and starts offering zero the borrower is going to refi uh so as a real lender
So as a real lender, you're like, this isn't for me. I'm going to go elsewhere.
you're like this isn't for me I'm going to go elsewhere so the result is that there's just not
So the result is that there's just not a big marketplace there.
a big marketplace there there's aren't that many people paying attention because the monopoly has
There's aren't that many people paying attention because the monopoly has pushed out so many different people.
pushed out so many different people uh and that's kind of like what I think has happened under the
And that's kind of like what I think has happened under the surface.
surface yeah no it makes a lot of sense and I do want to come back to lending in a second just
Yeah, it makes a lot of sense.
And I do want to come back to lending in a second.
Just quickly on the on your ex copy note, that was a shocking sale to see come across the time.
quickly on the on your x copy note that was a shocking sale to see come across the timeline I
I think for anyone who's been following the one on one in digital art space, one hundred for an ex copy,
think for anyone who's been following the one-on-one digital art space 100 ETH for an x copy uh there
there was a point in time where myself and a partner were actually looking at an ex copy one on one in twenty twenty one.
was a point in time where myself and a partner were actually looking at an x copy one-on-one in
2021 uh you couldn't really get them for less than four or five hundred ETH at the time you can maybe
You couldn't really get them for less than four or five hundred at the time.
You can maybe get an ex copy collab where the primary artist wasn't even ex, but he was on it for like one hundred and eighty.
get an x copy collab where the primary artist wasn't even x but he was on it for like 180 uh
so I mean these are some some bargain basement prices at this point and I think it's also very
So I mean, these are some some bargain basement prices at this point.
And I think it's also very interesting if you've been tracking the recent addition sales, which seems to still have some pretty strong interest.
interesting if you've been tracking the recent addition sales which seems to still have some
pretty strong interest we see additions of x's going for 15 to 20 30 to 40 so seeing a one-on-one
We see additions of access going for fifteen to twenty thirty to forty.
So seeing a one on one hundred was a bit jolting and jarring.
and 100 was uh a bit jolting and jarring uh Emily uh additional thoughts on your side and we got I
Emily, additional thoughts on your side?
And we got I want to get Sam's thoughts on the nine dollar punk loan here in a second, too, but go for it.
want to get Sam's thoughts on the uh the million dollar punk loan here in a second too but but go
for it yeah um what I think is interesting about like the variety of DFI tools that we're seeing
Yeah, what I think is interesting about like the variety of the five tools that we're seeing with these lending protocols is that some of them kind of accelerate the realization of terrible things that can happen in these lending marketplaces
with these uh lending protocols is that um some of them uh kind of accelerate the realization
of terrible things that can happen in these lending marketplaces um where they almost become
where they almost become subprime mortgages and like work in that mechanic.
subprime mortgages right and like work in that mechanic and some of them just dump out bad
And some of them just dump out bad lendies really fast or assets that are not worth the same that they've been collateralized for really fast.
lendies really fast or assets that are not worth um the same that they've been uh
collateralized for really fast and I think that in and of itself is um probably the most compelling
And I think that in and of itself is probably the most compelling thing behind it, where like it may not be great as a borrower or as a lender.
thing behind it where like it may not be great as a borrower or as a lendy but or as a lender but um
But it's I think it's it's helping people learn what's going to work and what the best model is a lot more efficiently than kind of just historical lending practices and traditional banking where ultimately the borrowers are constantly being fucked.
it's I think it's it's helping people learn what's going to work and what the best model is
a lot more efficiently than kind of just historical lending practices in traditional banking
where ultimately um the borrowers are constantly being fucked uh and there are people who have
And there are people who have more money in the ability to manipulate these markets that come out ahead.
more money in the ability to manipulate these markets that come out ahead um so like I don't
So, like, I don't know, I guess a handful of people are getting reward points because they're rich and that's normal because this is capitalism and it's, you know, it's meant to make a narrow funnel up to the top.
know I guess a handful of people are getting reward points because they're rich and that's normal
because this is capitalism um it's you know it's meant to make a narrow funnel up to the top but
But, you know, at the same time, I think it's I think it's significantly more transparent.
you know at the same time I think it's I think it's significantly more transparent.
Yeah, I mean, it's interesting.
Yeah I mean it's interesting I think certainly that the lending market is much more mature than
I think certainly that the lending market is much more mature than it was in twenty twenty one.
it was in 2021 um I think that most lenders are much more conservative in nature uh but you can
I think that most lenders are much more conservative in nature.
But you can still find some borrower friendly terms out there, especially on on blend where folks have been incentivized to bid high.
still find some borrower friendly terms out there especially on on blend uh where folks have been
incentivized to bid high um you know speaking of some some wild NFT loans so the headline
Speaking of some some wild NFT loans.
So the headline Friday was G money's one million dollar punk loan.
Friday was G money's one million dollar punk loan uh same I'm curious for your reaction so one I
Same. I'm curious for your reaction.
So one, I think most of the said, I think you said that effectively it was a fair loan value kind of based on where we think that the eight punks would trade where they would be earmarked right now.
think most have said I think you said that effectively it was a fair loan value kind of
based on where we think that the eight punks would trade where they would be earmarked right now
I think what jumped out to me is the fact that he has to pay 69 000 in six months
I think what jumped out to me is the fact that he has to pay sixty nine thousand dollars in six months for the opportunity to take out this this million.
uh for the opportunity to take out this this million so I'm curious for your reactions to that
So I'm curious for your reactions to that.
yeah I feel like any time like there's like a big bid or there's a big loan on a punk or on like
Yeah, I feel like any time like there's like a big bid or there's a big loan on a punk on like an eight punk or an alien punk, like I feel like it's more Twitter fodder than it is like all that relevant.
an eight punk or an alien punk like I feel like it's more twitter fodder than it is like all that
relevant and I say that in a sense like look eight punks have been trading for well over a million
And I say that in a sense, like, look, eight punks have been trading for well over a million dollars for two years now, like alien punks have been trading, have even been trading.
dollars for two years now like alien punks have been trading haven't even been trading but when
But when they do trade, you know, they're they're well above four million dollars.
they do trade you know they're they're well above four million dollars so you could take out a two
So you could take out a two million dollar loan on an alien punk and people flip out and, you know, because it's a big number.
million dollar loan on an alien punk and people flip out and um you know because it's a big number
but the reality is in the underlying market like this is just the nature of these markets like
But the reality is in the underlying market, like this is just the nature of these markets.
Like these are assets that have gone for these prices where the floor price has been well above these numbers for a long time.
these are assets that have gone for these prices where the floor price has been well above these
numbers uh for a long time like you have currently have bids on basically every eight punk for 2.2
Like you have currently a bids on basically every eight punk for two point two million dollars.
million dollars so like I don't know like when I see this my main question is like why does G
So like, I don't know, like when I see this, my main question is like, why does money want to do this?
money want to do this like what does he want to do with that million dollars like why I don't know
Like, what does he want to do with that million dollars?
like why would you to your point why would you want to you know it gives a little bit of insight
Like, why would you, to your point, why would you want to, you know, it gives a little bit of insight into anyone's financial situation, but it could just be that he thinks he can earn better than 15 percent APY doing something else.
into anyone's financial situation but it could just be that he thinks he can earn better than
15 percent APY doing something else and I think this market does provide opportunities to earn
And I think this market does provide opportunities to earn kind of consistent yield if you're in the right place at the right time.
kind of consistent yield if you're in the right place at the right time but I don't know I think
But I don't know, I think like I just feel like this is more like Twitter fodder than it is like financially interesting.
like I just feel like this is more like twitter fodder than it is like financially interesting
yeah I think that is fair uh but it's something us talking heads are just going to latch on to of
Yeah, that is fair. But it's something that's talking heads are just going to latch on to, of course, because it is good fodder.
course uh because it is good fodder let's do it I mean it will retweet it and like it so that
Let's do it. I mean, it will retweet it and like it so that the community likes it. Let's go.
community likes it let's go yeah so like let's take this one step further so I I did a poll
Yeah. So let's take this one step further. So I did a poll on Friday right after this to my followers.
on Friday right after this uh to to my followers like so if you received this loan and you had to
Like, so if you received this loan and you had to be 14 percent in six months, what do you what do you do it?
beat 14 percent in six months what do you what do you do it like what is your strategy I want
Like, what is your strategy? I want to go around the horn.
to go around the horn but Sam I'd love your thoughts on how you would uh on what you have
But, Sam, I'd love your thoughts on how you would on what you have to be 14 percent.
to beat 14 percent you have to put the one million bucks in play how are you going to do it man I
You have to put the one million bucks in play. How are you going to do it?
Man, I look, I'm one of those people who's kind of a boomer where I'm like, I don't think 15 percent is that easy to achieve.
think look I'm one of those people who's kind of a boomer where I'm like I don't think 15 percent's
that easy to achieve like just because I have some liquidity I have some money and I know how
Like, just because I have some liquidity, I have some money and I know if I could just take my whole wealth and make 15 percent, I'd be very happy.
if I could just take my whole wealth and make 15 percent I'd be very happy so I'm not really
So I'm not really the right person for this. But I think like, look, I think blast is going to return better than 15 percent APY easily.
the right person for this but I think like look I think blast is going to return better than 15
percent APY easily like I've thought at times it could return 50 to 60 percent just by depositing
Like, I thought at times it could return 50 to 60 percent just by depositing money there.
money there I think like I think that's very well positioned to return strong APY um I think uh
I think like I think that's very well positioned to return strong APY.
I think, you know, I've been talking about blend like when blend is going right.
you know I've been talking about blend like when blend is going right you know I would never rely
You know, I would never rely on this, but right now I have a portfolio of blend loans that I think are very low risk.
on this but right now I have a portfolio of blend loans that I think are very uh low risk
and that portfolio's got 31 percent APY on it but again I you know I I took a bunch of friends
And that portfolio has got 31 percent APY on it.
But again, you know, I took a bunch of friends money and I said, hey, guys, I will get you one percent per month.
money and I said hey guys I will get you one percent per month no problem on blend easy
No problem on blend. Easy. And then two weeks later, everything was zero percent.
and then two weeks later everything was zero percent and I basically like just put it in
And I basically like just put it in blast because it's like this is like blend like it's just so unreliable.
blast because it's like this isn't like blend like it's just so unreliable you can't you can't
You can't you can't continually earn this amount of money.
continually earn this amount of money but I in the NFT lending space I think there is
But in the NFT lending space, I think there is a little bit of opportunity there.
a little bit of opportunity there um so those are those are two thoughts that come to mind
So those are those are two thoughts that come to mind.
yeah well I appreciate you sharing those I know it's a tough question I think what jumped out to
Well, I appreciate you sharing those. I know it's a tough question.
I think what jumped out to me in some of my replies is how easy folks think it is to beat 14 percent with one million dollar size.
me uh in some of my replies is how easy folks think it is to beat 14 percent uh with one million
size like I'm not talking about you know you you have an eighth to play with or a few hundred
Like I'm not talking about you. You have an eighth to play with or a few hundred bucks where you can take bigger gambles.
bucks where you can take bigger gambles like it's it's a little bit different game when you're
Like it's a little bit different game when you're playing with like like I said, like I was an early Uber employee.
playing with like like I said like I was an early uber employee we had the uber IPO I got liquidity
We had the Uber IPO. I got liquidity and like the amount like the difficulty in making a decent size of money grow is a lot harder than I think people who who retweet guys who who 1,000 next a couple of weeks or you know, I think people in this space have done really well.
and like the amount like the difficulty in in making a decent size of money grow is a lot harder
than I think people who uh who retweet guys who who uh a thousand x a couple ether you know I think
people in the space have done really well it's just can you do that consistently over time not
It's just can you do that consistently over time, not be vulnerable to collapses?
be vulnerable to collapses yeah but it's still fun to think about so so ghost I'm gonna throw the
Yeah, but it's still fun to think about. So so ghost, I'm going to throw the question to you.
question to you you have to beat 14 uh in six months with a million dollar bag what how are you
You have to beat 14 percent in six months with a million dollar bag. How are you doing it?
doing it man I I think it's tough I the 14 percent is very attractive to try to trade uh that that
Man, I think it's tough. I have the 14 percent is very attractive to try to trade that that size because I'd be more worried about just giving it back.
size because I'd be more worried about just giving it back um and like we like Sam mentioned like we
Like we like Sam mentioned, like we see all those crazy stories on timeline, but most of those people are going to either give all that back or the majority of people won't even get to that situation in the first place.
see all those crazy stories on timeline but most of those people are gonna either give all that
back or uh the majority of people won't even get to that situation in the first place um my my
My my knee jerk reaction that's standing out to me is is as like a big winner.
knee-jerk reaction that's standing out to me is is eth as like a big winner and with the potential
And with the potential coming up, I feel like there's a chance that I know we've seen negative price action with with the Bitcoin ETF.
ETFs coming up I feel like there's a chance and I know we've seen negative price action with uh
with the Bitcoin ETF but I think that the ETF has a chance for a little bit of a different story
But I think that the ETF has a chance for a little bit of a different story coming up.
coming up and it seems like uh given what we've seen from Hester Pierce and other people that
And it seems like given what we've seen from Hester Pierce and other people, that those will likely be approved or it seems like those are coming.
those will likely be approved or it seems like those are coming so um that's that's my knee-jerk
So that's that's my knee jerk. Interesting.
reaction interesting so ghost is going eth logie what what's your play here are you throwing it
So ghost is going, if Logie, what's your play here? Are you throwing it all into Farcaster mean coins?
all into farcaster meme coins uh not at this point unfortunately I man this is a really really tough
Not at this point, unfortunately.
Man, this is a really, really tough question, in my opinion, that 14 percent is all is is, of course, not not super easy to achieve.
question in in my opinion that 14 percent is all is is uh of course not not super easy to achieve
um I don't know I mean I think um I think I would probably park it somewhere like what ghost
I don't know. I mean, I think
I think I would probably park it somewhere like what those just shared, like like an ether, even a Bitcoin, if I really had to.
just shared like like an ether even a Bitcoin uh if I really had to um I don't know man I don't have
I don't know, man, I don't have a boring answer from Logan.
a boring answer from Logan we're gonna we're gonna emulate the things you also can't do because
We're going to we're going to do things you also can't do because you can't put it into an efficient market like that.
you know you can't put it into an efficient market like that you gotta think you have some sort of
You got to think you have some sort of edge, I would think.
edge I would think otherwise you're just a tourist yeah and that's the other factor here
Otherwise, you're just a tourist.
Yeah, and that's the other factor here, like so clearly, G money had a play in mind, right?
like so clearly g money had a play in mind right like unless he was purely doing this for clout
Like unless he was purely doing this for clout, which I don't think he was.
which I don't think he was he's got plenty of clout as it is uh it'll be very curious to do
He's got plenty of clout as it is.
It'll be very curious to do a little bit of wall watching if we can to see what he's got up his sleeves.
a little bit of wall watching if we can to see what he's got up his sleeves uh and when I'll
And I'll get your take and then we'll move move on.
I'll get your take and then we'll move move on uh yeah I'm with ghost and goldie all right
Yeah, I'm with Ghost and Goldie.
All right. Another boring answer, though.
another boring answer though I think that is probably one of the the more popular moves out
I think that is probably one of the more popular moves out there.
there I'm going boring as well I would probably just throw it all in blast if I'm being honest
I'm going boring as well.
I would probably just throw it all in blast if I'm being honest.
and I had to make the trade though you are taking on eth risk I wouldn't feel great about it though
And I had to make the trade, though.
You are taking on eath risk.
I wouldn't feel great about it, though.
um I think there is a good chance that you can beat 14 percent you can put US dollars in blast
I think there is a good chance that you can beat 14 percent.
You can put US dollars in blast, which is oh, you can.
which is oh you can okay I didn't I didn't realize that I've like taken some of my US dollars that I
OK, I didn't I didn't realize that I've taken some of my US dollars that I have,
have like in money markets on vanguard or whatever moved them to uh moved it to just usdc and blast
like in money markets on Vanguard or whatever, moved them to move it to just USDC and blast.
I mean you're taking like hack risk you're taking fun you know you're taking pac-man risk you're
I mean, you're taking like hack risk.
You're taking you know, you're taking Pac-Man risk.
You're taking there is risk there.
taking there is risk there but if things go according to plan putting usdc in um in blast
But if things go according to plan, putting USDC in in blast, I feel like is a pretty good APY bet.
I feel like it's a pretty good apy bet yeah that makes a little bit safer go ahead has anything
Yeah, that makes a little bit safer.
Good. Has anything changed on blast or is it still just a multisig with four anonymous
changed on blast or is it still uh just a multi-sig with four anonymous signers on it because like
signers on it because like Jesus Christ, he's not like that.
Jesus Christ he's not like that it's everything that no one in crypto likes which is kind of what
It's everything that no one in crypto likes, which is kind of what I think is great about it.
I think is great about it okay so we're trusting the anons my favorite it's perfect what could go
OK, so we're trusting the anons.
My favorite. It's perfect.
wrong there's only there's already 1.3 billion dollars in the multi-sig so it's not going to
There's already one point three billion dollars in the multisig.
So it's not going to be your extra one million.
be your extra 1 million that's gonna make them decide to to run off with that at least you would
It's going to make them decide to run off with that.
At least you would have some solace.
have some solace that much I understand however I mean I don't know I think I take a bag much
However, I mean, I don't know, I think I take a bag much smaller than one point three billion
smaller than 1.3 billion and like run off into the sunset and no one can stop me like and I think
and like run off into the sunset and no one can stop me.
Like I think that there's a lot of people that would honestly agree to that if they were
that there's a lot of people that would honestly uh agree to that if they were actually presented
actually presented the opportunity like anyone who says they wouldn't is just a fucking liar.
the opportunity like anyone who says they wouldn't is just a fucking liar well I mean he's like he's
I mean, he's like he's doxed.
doxed I mean it's not like you wouldn't go to prison or be findable and you'd have to live an
I mean, it's not like you wouldn't go to prison or be findable and you have to live
an anonymous life from age 22 until eternity.
anonymous life from age 22 until eternity yeah so there's a bit of downside I think when we could
Yeah, so there's a bit of downside.
I think we could probably spend an hour on that conversation alone.
probably spend an hour on that conversation alone um but but ghost I want to get your additional
But I want to get your additional thoughts here.
thoughts here I was just gonna say I was surprised I would have bet my million dollars that you would
I was just going to say I was surprised.
I would have bet my million dollars that you would have parked in the RSIC minds
have uh parked in the RSIC mines uh given your your arc right now yeah so I was going to go there
given your your arc right now.
Yeah, so I was going to go there.
So if I had to make an NFT play, I would be swapping all the USD for Bitcoin and going
so if I had to make an NFT play uh I would be swapping all the USD for Bitcoin and going deep
deep into the Bitcoin NFTs and I probably would do a decent chunk into RSIC.
into the Bitcoin NFTs and I probably would do a decent chunk into RSIC but that is not a safe
But that is not a safe point as a high risk gamble.
point that is a high high risk gamble uh so just take that with a grain of salt um well I do want
So just take that with a grain of salt.
Well, I do want to talk about a few of the other big stories here from the weekend.
to talk about a few of the other big stories here from the weekend uh before we do that let's read
Before we do that, let's read the news.
the news today's top headlines powered by lucky trainer trading volume on ETH soared 24 million
Today's top headlines powered by Lucky Trainer.
Trading volume on ETH soared to $24 million on Sunday after two slow days around $15 million,
dollars on Sunday after two slow days around 15 million primarily driven by new project nobody
primarily driven by new project Nobody.
NFT leaders were mixed as I mentioned nobody dominated action seeing 4200 ETH volume in its
As I mentioned, Nobody dominated action seeing 4,200 ETH volume in its first day,
first day jumping nearly 5x to a 0.87 ETH floor a bottle one-on-one called another sector sold for
jumping nearly 5X to a 0.87 ETH floor.
Abato 101 called another sector sold for 41.45 ETH over the weekend,
41.45 ETH over the weekend substantially higher than recent sales for that early genesis piece
substantially higher than recent sales for that early Genesis piece.
as we talked about G money opened up a one million dollar loan on Gandhi for his ape crypto
As we talked about, G money opened up a $1 million loan on Gandhi
for his Ape Crypto Punk Hill of $69,000 in interest at the end of 180 days.
plonk Hill of $69,000 in interest at the end of 180 days the new ERC 404 product Pandora has reached
The new ERC 404 product Pandora has reached a $36 million market cap for its tokens.
a 36 million dollar market cap for its tokens 1.74 for its NFTs in the first product exploring this
1.74 is NFTs in the first product exploring this new standard.
new standard RSIC the miners did lead action on Bitcoin tallying 200 Bitcoin in volume on the week
RSIC, the miners did lead action on Bitcoin,
tallying 200 Bitcoin in volume on the week.
The floor is right around 0.08 Bitcoin this morning.
the floor was right around 0.08 Bitcoin this morning node monkeys were in second 60 Bitcoin
Node monkeys were in second, 60 Bitcoin volume on the week, 0.17 floor.
volume on the week 0.17 floor and puppets in third 49 Bitcoin volume on the week 0.064 they did touch
And puppets in third, 49 Bitcoin volume on the week, 0.064.
They did touch about 0.075 in a new all-time high over the weekend.
about 0.075 in a new all-time high over the weekend over on Solana uh NFTs mostly chopped
Over on Solana, NFTs mostly chopped.
Transdimensional Fox Federation did lead volume.
transdimensional fox federation did lead volume uh yesterday i've never heard of this project
Yesterday, I've never heard of this project before.
before it's at 4.36 sole floor mad lads held steady at 172 tensor ends even at 80 crypto
MadLads held steady at 172.
Crypto Undead's up 7% at 7.4.
undeads up 7 at 7.4 magic eden did open up its diamond claims for historical Solana users
Magic Eden did open up its diamond claims
for historical Solana users rewarding historical activity
rewarding historical activity and promising similar rewards for traders on other chains so
and promising similar rewards for traders on other chains.
So go check that out if you haven't already.
go check that out if you haven't already rupay renista is encouraging artists to white list his
Rupe Renisto is encouraging artists to whitelist his holders
holders of his smile project on Solana following in pop punk's footsteps with rubber smile was up
of his Smile project on Solana.
Following in pop punk's footsteps with rubber,
Smile was up 60% to one sole on Sunday.
60 percent to one soul on sunday and an NBA top shot catching some bids lately at least on victor
And then NBA Top Shot catching some bids lately,
at least on Victor Wampanyama's Freshman Jim's Moment,
wampaniama's freshman jim's moment which holds a 1900 floor and that serial number one has a
which holds a $1,900 floor.
And that serial number one has a standing $10,500 offer on it.
standing ten thousand five hundred offer on it in broader web3 and crypto news crypto majors
In broader Web3 and crypto news, crypto majors work even this morning.
crypto majors were even this morning bitcoin 43 100 eighth of half a percent 23 20 soul
Bitcoin 43,100, ETH up half a percent, 2320,
sole down in touch at 97.
down at touch at 97 jupiter did fall at 52 cents on sunday though rebounded up about 10 percent to
Jupiter did fall at 52 cents on Sunday though.
Rebounded up about 10% to 57 cents
57 cents and a 760 million dollar market cap this morning leading meme coins on Solana seemed to
in a $760 million market cap this morning.
Leading meme coins on Solana seem to have lost some steam.
have lost some steam post jupiter bonked down 10 with down 30 on the week and then crypto companies
Post Jupiter bonked down 10% with down 30% on the week.
And then crypto companies raised $580 million in January,
raised 580 million dollars in january according to some recent data spending 108 companies
according to some recent data,
spending 108 companies and 394 unique investors.
and 394 unique investors all right well that was a rundown uh of the news we still haven't
All right, well, that was a rundown of the news.
We still haven't really talked about the new token standards.
really talked about the new token standards uh so logan maybe we quickly talk about erc 404 pandora
So Logan, maybe we quickly talk about ERC 404 Pandora.
what do you know about this is it close to the sp spl 20s um what should our listeners know about this
What do you know about this?
Is it close to the SPL 20s?
What should our listeners know about this?
i think your your description in the show opening is pretty close tyler and very close
I think your description in the show opening is pretty close,
Tyler, and very close to what I described last week
to what i described last week uh regarding the spl 20s the token 22 stuff whereas you're
regarding the SPL 20s, the token 22 stuff.
Whereas you're developing some level of interchangeability
developing some level of interchangeability between the tokens that being in this case
between the tokens, that being in this case,
kind of a mix of the erc 20 standard and then the nft which in this case is the erc 721 standard
kind of a mix of the ERC 20 standard and then the NFT,
which in this case is the ERC 721 standard,
to find this should disclaim unaudited kind of new experimental erc 404 so as you noted
to find this, should disclaim,
unaudited kind of new experimental ERC 404.
So as you noted, users can kind of swap in and out of those.
users can kind of swap in and out of those the difference compared to what i shared last week
The difference compared to what I shared last week
with the SPL 20 stuff is unlike, you know,
with the spl 20 stuff um is unlike you know like with ghost or bozo hybrid or some of those others
like with ghost or bozo hybrid or some of those others
that have really taken off on Solana.
that have really taken off on solana um when you swap into the nft with pandora you're actually
When you swap into the NFT with Pandora,
you're actually, they've introduced
they've introduced some non-fungibility with rarities which is different to you know when
some non-fungibility with rarities,
which is different to, you know, when you're swapping
you're when you're swapping in and out of the nft on those on solana they're all the same it's
in and out of the NFT on those on Solana,
It's just essentially a new fungible, a fungible NFT, right,
just essentially a new fungible uh a fungible nft right that you can trade on nft marketplaces so
that you can trade on NFT marketplaces.
So they've added a wrinkle here.
they've they added a wrinkle here of course you know i think toga sanders has been sort of a quiet
Of course, you know, I think Toga Sanders
has been sort of a quiet meta in the last month or so,
meta in the last month or so particularly on solana and this is really the first iteration
And this is really the first iteration
um it during this little meta that's taking place on eth of course when when i first heard about it
during this little meta that's taking place on ETH.
Of course, when I first heard about it,
it was at like 14 million or so yesterday.
it was at like 14 million or so uh yesterday i think you knew about a little bit before that
I think you knew about it a little bit before that
and blossomed to what, $37 million market cap
and blossomed to what 37 million market cap at some point this morning yeah i mean it business
at some point this morning.
Yeah, I mean, business is booming.
is booming uh i did see it on my timeline i did not uh ape into this i am curious logan for your
I did see it on my timeline.
I am curious, Logan, for your thoughts.
for your thoughts so is are people buying this because it's the it's the first or the first set
So are people buying this because it's the first
or the first set of products using these new token standards?
of products using these new token standards do you think they actually want that the nfts is
Do you think they actually want that?
The NFTs, is there substance here?
their substance here kind of what's your read i think in large part um you know it is the it's
Kind of what's your read?
I think in large part, you know, it is the former, Tyler.
the former tyler you know it's a lot of people seeking sort of provenance in you know new and
You know, it's a lot of people seeking sort of provenance
in, you know, new and innovative things
innovative things um that you know new and innovative things it should they ultimately win
that, you know, new and innovative things,
should they ultimately win, which we're so far away from
which we're so far away from for something like pandora um and you're first to them and early and
for something like Pandora and you're first to them
and early and you get a great entry, you know,
you get a great entry you know that can pay off in many many multiples even though it's already
that can pay off in many, many multiples,
even though it's already paid off many multiples thus far.
paid off many multiples thus far so you know my my guess and the way that i'm playing things like
So, you know, my guess and the way that I'm playing things,
like to be totally frank, right, and so on is,
to be totally frank right on salona is uh yeah i'm of course playing for um the speculative nature of
yeah, I'm of course playing for the speculative nature
of the financial potential upside.
the financial potential upside uh i am curious about the implementation of these things moving
I am curious about the implementation
of these things moving forward, but my curiosity
forward but my curiosity at this point in time you know is largely driven by the financial aspect
at this point in time, you know, is largely driven
yeah i see pros and cons i think the cons for me is i i've always disliked rerollable nfts
Yeah, I see pros and cons.
I think the cons for me is I've always disliked
you know for me it kind of hurts the value of any mid tier or rare trade if in perpetuity folks
You know, for me, it kind of hurts the value
of any mid tier or rare trade if in perpetuity,
folks are able to just keep rolling the dice
are able to just keep rolling the dice and bringing new nfts into the collection so i i don't really
and bringing new NFTs into the collection.
So I don't really enjoy that factor of it.
enjoy uh that that factor of it um where i do think this this could make sense and it could be
Where I do think this could make sense and could be cool
cool is like the the status flex side tied to the meme coins so some of the the recent coins that
is like the status flex side tied to the meme coins.
So some of the recent coins that have really seen success,
have really seen success right like bonk with d gen now tied to farcaster if you know you could
right, like Bonk, Wiff, DGen, now tied to Farcaster.
If, you know, you could flex that you've got
flex that you've got a million tokens you know by turning that into an nft i can actually see that
a million tokens, you know, by turning that into an NFT,
i could see that use case and people wanting to to do that uh in some capacity so i see that upside
I can see that use case and people wanting
to do that in some capacity.
i don't know that i'm totally totally sold on this just yet but clearly those folks who kind
I don't know that I'm totally sold on this just yet,
but clearly those folks who kind of dipped their toes
of dipped their toes in saw some huge rewards additional thoughts there logie yeah i like that
and saw some huge rewards.
Additional thoughts there, Logie?
Yeah, I like that point you brought up regarding
point you brought up regarding the the status uh symbol of ownership and you can kind of get
the status symbol of ownership.
And you can kind of get there with Pandora, right?
there with pandora uh right should you earn yourself or roll yourself however you wish to
Should you earn yourself or roll yourself,
however you wish to characterize it, one of those rare NFTs,
characterize it one of those rare nfts there can only be x amount of the rares at any one given
there can only be X amount of the rares at any one given time.
time um so if you know if you choose uh to participate you roll one you can kind of sit
So if, you know, if you choose to participate,
you roll one, you can kind of sit on that.
on that and if pandora does blow up right you're sort of flexing that hey you have the really rare
And if Pandora does blow up, right,
you're sort of flexing that you have the really rare,
you know pandora that's i guess they're called replicants on the nft side but uh right that it
Pandora that's, I guess they're called replicants
on the NFT side, but right in any way,
in any way you're you're sort of flexing there with the rarity do do we know specifically about
you're sort of flexing there with the rarity.
Do we know specifically about Pandora?
pandora like are these things going to reveal at some point because right now they're just
Like, are these things gonna reveal at some point?
Because right now they're just floating boxes
floating boxes with different colors uh i think i think they will reveal at some point um i have
Yeah, I think they will reveal at some point.
I have to go back to my notes and I don't have them up
to go back to my notes and i don't have them up in front of me at this point in time but there
in front of me at this point in time.
But there are, yeah, different rarities associated
there are um yeah different rarities associated with the boxes there's 10 i believe 10 000 max
There's, I believe, 10,000 max
um that you can have at any one time of course most of the time there's there's not uh 10 000
that you can have at any one time.
Of course, most of the time there's not 10,000 NFTs.
nfts i don't think they've they've gotten to a point where that's the case yet um five tiers
I don't think they've gotten to a point
where that's the case yet.
Five tiers of rarity exist.
of rarity exist um yeah i don't necessarily see anything about uh in this one thing that i pulled
I don't necessarily see anything about,
in this one thing that I pulled from their telegram,
from their telegram i don't necessarily see anything about uh the reveal so i'll have to
I don't necessarily see anything about the reveal.
So I'll have to do some more digging on that one.
do some more digging on that one got it well thanks for that we'll report back later on this
Got it. Well, thanks for that.
We'll report back later on this week, I'm sure.
week i'm sure uh go so i'm curious um did you get off the east sidelines chasing uh this this new
did you get off the east sidelines,
chasing this new nobody project?
nobody project uh and perhaps part two of that question did you trade any phantabears uh back
And perhaps part two of that question,
did you trade any Fanta Bears back in the day?
in the day because that's immediately what came to mind for me uh when nobody started taking off
Because that's immediately what came to mind for me
when nobody started taking off.
man that's a throwback and yes i i had a phantabear at one point and it was a terrible trade
And yes, I had a Fanta Bear at one point,
and it was a terrible trade.
um it got destroyed on it um it was not the next the asian board abiac club like i was promised i
It was not the next, the Asian board API club
I was also promised that.
was also promised that um and i did not trade these nobodies i actually was not super familiar
I did not trade these nobodies.
I actually was not super familiar.
I saw them on the timeline a little bit,
i saw them on the timeline a little bit but uh not too much and then i i saw them in the show topic
And then I saw them in the show topic
and i was like oh crap i don't really know much about these so uh i glad to get some more
I don't really know much about these.
So I'm glad to get some more information from you
information from you this this morning but uh did not trade them yeah it's one it popped up i
this morning, but did not trade them.
Yeah, it's one, it popped up,
but I opened up Blur yesterday morning
opened up blur yesterday morning to run through my minutes um i saw they were just dominating
to run through my minutes.
I saw they were just dominating volume
volume and never heard of it you know i think my usually my first reaction in that situation
usually my first reaction in that situation
is like, oh, is this fake volume?
is like oh is this fake volume uh but then started reading across the timeline and no
But then started reading across the timeline.
And no, this is not that case.
this is not that that case uh it does have the the ties into the asian market and we've seen
It does have the ties into the Asian market.
And we've seen that market can pump tea collections.
uh that market can't can pump t collections uh that is in fact phantabear uh specifically
That is a fact, Fanta Bear specifically
from folks who remember that back in 2021.
from folks who remember that back in 2021 i think it went to 70th perhaps 80th at peak um
I think it went to 70th, perhaps 80th at peak.
you can guess the four if you want to see that four price now it's actually was one of the top
if you want to see that four price now,
it's actually was one of the top movers on the day.
movers on the day uh phantabear up 19 percent to 0.12 eth so just down a cool 98 from from local
Fanta Bear up 19% to 0.12 ETH.
So just down a cool 98% from the local top.
top so so be careful buying these um but but certainly maybe that this nobody is different
So be careful buying these,
but certainly maybe that this nobody is different.
um i still don't know a ton about that what's behind the project and what uh stephen chow
I still don't know a ton about that,
what's behind the project
and what Stephen Chow may have planned.
may have planned uh so that's going to be an interesting one uh ghost i guess i'm also curious
So that's going to be an interesting one.
Ghost, I guess I'm also curious,
you are a rubber holder how are you feeling about the artists uh the big name artist kind of coming
How are you feeling about the artists,
the big name artists coming to Solana
to salona and then embracing this whitelist meta do you like that stick do you think it's
and then embracing this whitelist meta?
Do you think it's going to work?
going to work what's your read yeah it's it's tough to to tell the the one thing that i do
Yeah, it's tough to tell.
The one thing that I do like
like is that i feel like people actually like the art with rubber and like it was organically like
is that I feel like people actually like the art with rubber.
And it was organically just art
just uh art that people resonated with and liked and so it wasn't all just driven by people wanting
that people resonated with and liked.
And so it wasn't all just driven by people
wanting whitelists to things.
whitelists to things um that being said i don't necessarily love the idea of introducing like the
That being said, I don't necessarily love
the idea of introducing the whitelist mechanic
the whitelist mechanic and people just coming in to get whitelist but we haven't really seen
and people just coming in to get whitelist.
But we haven't really seen, to my knowledge,
to my knowledge like a ton of demand for the the projects that are are coming in and giving
a ton of demand for the projects
that are coming in and giving the whitelist.
the whitelist so like i don't think that's driving a ton of of the sales right now i think it did in
So I don't think that's driving a ton of the sales right now.
I think it did in the beginning,
the beginning but i think it's kind of tailed off but it does kind of create those like inorganic
but I think it's kind of tailed off.
But it does kind of create those inorganic incentives
incentives um for people to be buying which i don't love um but the good news is that i still
really like the the art anyway so like i'm just holding because i i enjoy the art in the collection
so I'm just holding because I enjoy the art in the collection
and the whitelists are just kind of a bonus for me um but i'm not even sure that i'll be
and the whitelists are just kind of a bonus for me.
But I'm not even sure that I'll be necessarily minting
necessarily minting every single one that i get a whitelist on because i feel like some artists will
every single one that I get a whitelist on
because I feel like some artists will just use it
just use it to kind of get a uh try to get traction for their collection by by kind of
to kind of try to get traction for their collection
by kind of vampire attacking a different collection.
vampire attacking a different collection but i i'm not necessarily sure that all of those will be
But I'm not necessarily sure that all of those will be winners.
winners yeah very fair i mean nice to see rubber had that rebound over the weekend i think it hit
I mean, nice to see rubber had that rebound over the weekend.
I think it hit seven at lowest, back up to 14.
seven at lowest back up to 14 um smile i think i'm seeing at 0.76 i think the reality is when the
Smile, I think I'm seeing at 0.76.
I think the reality is when the collections are this large,
collections are this large um this whitelist carrot just doesn't make that much sense there
this whitelist carrot just doesn't make that much sense.
there's 5 000 entities in the smile collection there's a thousand rubbers uh there's only going
There's 5,000 entities in the Smile collection.
There's only going to be a handful of whitelist spots even available.
to be a handful of of whitelist spots even available um so i don't know the the draw isn't
So I don't know, the draw isn't that much to me.
that much to me i think stick with the stick with the art there but certainly uh a nice perk
I think stick with the art there.
But certainly a nice perk addition, I suppose.
edition i suppose um logie maybe we'll switch gears and talk bitcoin here for for some of the
Logie, maybe we'll switch gears and talk Bitcoin here
for some of the last 10 minutes on the show.
last 10 minutes on the show certainly this is a huge week we have quantum cats coming today
Certainly, this is a huge week.
We have quantum cats coming today.
There's an art drop from Vividos X Machina coming tomorrow.
there's an art drop uh from vivid dos ex machina coming tomorrow jack butchers ordinals checks
Jack Butcher's ordinals checks start minting on Friday.
start minting on friday probably i mean arguably the the biggest week of the year here uh for the
I mean, arguably the biggest week of the year here
for the Bitcoin NFT ecosystem.
bitcoin nft ecosystem i'm curious kind of what's your read on the top trio the miners uh node
I'm curious, what's your read on the top trio, the miners, node monkeys, Bitcoin puppets?
monkeys bitcoin puppets do you think these are going to end the week higher or lower than where
Do you think these are going to end the week higher or lower
than where they're at now based on quantum cats entering the equation?
they're at now based on quantum cats kind of entering the equation i think they're going to
I think they're going to end the week lower than where they're at now.
end the week lower than where they're at now i'm actually i just refreshed the board i see 0.08
Actually, I just refreshed the board.
I see 0.08, 0.171, and 0.062.
0.171 and 0.062 that's for rsic node monkeys and bitcoin puppets respectively um you know we uh
That's for RSIC, node monkeys, and Bitcoin puppets, respectively.
We've been waiting for quantum cats for such a long time now.
we've been waiting right for quantum cats for for such a long time now it's not that long forever
but it it does it feels like such a long time that we've been waiting for and my anticipation leading
It feels like such a long time that we've been waiting for.
And my anticipation leading into the mint
into the mint was that these projects the aforementioned projects would fall as you know
was that these projects, the aforementioned projects,
would fall as all the attention goes to trading of quantum cats.
all the attention goes to trading of quantum cats and then of course the delay yeah i think
And then, of course, the delay.
Yeah, I think people got antsy a little bit,
people got antsy a little bit um you know wanted wanted to chase games or spend their bitcoin in
wanted to chase games or spend their Bitcoin in some way.
some way and so we did see a pretty significant rise particularly with puppets and rsic in the last
And so we did see a pretty significant rise,
particularly with puppets and RSIC in the last week.
week um now that you know quantum cat says truly no more delays i'm anticipating that you know out
Now that quantum cats says truly no more delays,
I'm anticipating that out of the gate,
of the gate it's gonna really just like we initially expected steal all the attention
it's going to really, just like we initially expected,
steal all the attention and all of the volume for the foreseeable future.
uh and and all of the volume for the you know for the foreseeable future maybe that's only
Maybe that's only a couple days given the other major drops.
you know a couple days given the other major drops maybe it's only a week um you know in
Maybe it's only a week in total.
total right like node monk's first big run was like i mean it was wild right from 0.03 to kind
NodeMonk's first big run was wild from 0.03 to 0.3.
of 0.3 but it was really condensed to only like a few days it was like a weekend's worth of activity
But it was really condensed to only a few days.
It was a weekend's worth of activity.
so that's what i expect to happen here um i still think that 0.25 price point was kind of like my
So that's what I expect to happen here.
I still think that 0.25 price point was kind of like my over under for quantum cats.
over under for quantum cats um and i do think it steals a little bit away from this stuff but
And I do think it steals a little bit away from this stuff.
But I got to say, I'm feeling a bit, and disclaimer, I do have exposure to all these,
i gotta say i'm feeling a bit and disclaimer i do have exposure to all these but i'm feeling a bit
but I'm feeling a bit better and overall more stable
better and and um you know overall more stable in what these collections have shown ahead of this
in what these collections have shown ahead of this mint in the last week.
in the last week i was feeling a little wary long ago that some of this stuff would sort of fade
I was feeling a little wary long ago that some of this stuff
would sort of fade into a relevancy ahead of like these notable drops,
into irrelevancy ahead of like these notable drops like peeps and ninjas and quantum cats
like peeps and ninjas and quantum cats.
i don't necessarily feel that way they're short term lindy uh to coin a new phrase they're not
I don't necessarily feel that way.
They're short term Lindy to coin a new phrase.
They're not Lindy in respect to CryptoPunks,
lindy in in respect to crypto punks uh proven across the 70 year time horizon uh but the fact
proven across the 70 year time horizon.
But the fact that some of these are meme related,
that you know some of these are meme related that they didn't just go to zero and fall to
that they didn't just go to zero and fall to a relevancy,
irrelevancy i think does and reinforce a bit more staying power um so i think that was nice to see
I think does reinforce a bit more staying power.
So I think that was nice to see.
I also think the market's more liquid than it was a week,
i also think the market's more liquid than it was a week week and a half ago certainly rsic has
Certainly RSIC has brought some new liquidity into the ecosystem.
brought some new liquidity into the the ecosystem i think that is the wild card is who are the buyers
I think that is the wildcard is who are the buyers of quantum cats?
quantum cats are they bringing in fresh bitcoin or are they selling things off i i'm i'm hoping
Are they bringing in fresh Bitcoin or are they selling things off?
I'm hoping that it's more of a former, but I'm curious for your thoughts.
that it's more of a former uh but a keen i'm curious for your thoughts yeah i mean i think
Yeah, I mean, I think if you look at, I mean, my position is,
if you look at i mean my position is i think you're you're seeing a handful of tokens kind
I think you're seeing a handful of tokens kind of proving some level of staying power.
of proving some level of staying power um i think i mean if you look at the data for the no monkeys
I think, I mean, if you look at the data for the node monkeys,
like holder, the holder basis has been expanding.
like holder the holder basis has been expanding you're seeing a lot of people like going up to
You're seeing a lot of people like going up to pick the ones they want and paying a premium,
pick the ones they want and paying a premium right that tells me okay there's a there's a
That tells me, okay, there's a community baseline.
community baseline and i think the committee continues to to grow and expand then to me that
And I think the committee continues to grow and expand.
Then to me, that I kind of, I would have seen relative price stability,
that i kind of i would have seen relative price stability to be honest in terms of
to be honest, in terms of node monkeys as an example.
node monkeys as an example i think rsics i think are becoming right you're seeing the market begin
I think RSICs, I think are becoming, right?
You're seeing the market begin to learn more about the protocol.
to learn more about the protocol i mean a week ago a lot of folks had even no idea um what the
I mean, a week ago, a lot of folks had even no idea what the rules were.
what the rules were like you had a lot of people in the time on asking like actually what is this
Like you had a lot of people in the time on asking like,
actually, what is this project I ate into it?
project i eaped into it so i think those people are beginning to learn about the mechanism
So I think as people are beginning to learn about the mechanism,
they kind of see kind of how it's nuanced, right?
they kind of see kind of how the how it's nuanced right and how it's pretty unique in this space and
And how it's pretty unique in this space.
And I think we've seen a run because of that.
i think we've seen a run because of that um generally for me i generally think ordinals
Generally, for me, I generally think ordinals,
um the appreciation of ordinals seems to be expanding right and so even with the cats
the appreciation of ordinals seems to be expanding, right?
And so even with the cats dropping, perhaps there's some sort of slowdown
dropping perhaps there's some sort of slowdown in some of the other runners but i don't necessarily
in some of the other runners,
but I don't necessarily see them basically selling off.
see them like basically like you know selling off um i might see maybe a pause in the upward
I might see maybe a pause in the upward movement,
movement but i do think a week from now i expect them to be at least neutral um if not upward to
but I do think a week from now, I expect them to be at least neutral,
if not upward, to be honest.
be honest um that's just my that's just my take all right so logans bear she's saying that the
All right. So Logan's bear,
he's saying that the leading trio is going to be in the red on the week.
the leading trio is going to be in the red on the week um a keen isn't leaning a little bit more
Akeen is leaning a little bit more neutral to bullish.
neutral to to bullish i i don't know i think my prediction is the fours will be up
I think my prediction is the fours will be up at the end of the week.
uh at the end of the week so i'll balance everyone out there um i think a keen you raise an interesting
So I'll balance everyone out there.
I think, Akeen, you raised an interesting point on the RSIC quick tangent.
point on the rs i see quick quick tangent it's just amazing how few people in the space read
It's just amazing how few people in the space read that they launched the white paper day one.
that they launched the white paper day one this is not a 47 page white paper it's a one page it's
This is not a 47 page white paper.
It's a one page, it's a two minute read.
a two minute read it had all the information there um the people just clearly ignored it and
It had all the information there, but people just clearly ignored it.
And it really takes the team tweeting out snippets from the white paper
it really takes the team tweeting out like snippets from the white paper to really get
to really get on people's attention.
on people's attention uh like folks just didn't understand how they how they mined the runes
Folks just didn't understand how they mined the runes.
Folks didn't understand certainly that this raffle aspect
folks didn't understand uh certainly that this raffle aspect until they really made the raffle
until they really made the raffle more public over the weekend.
more public over the weekend and now we've got new groups spinning up who are turning to like
And now we've got new groups spinning up who are turning into game theorizing
kind of game theorizing how to how to pull tickets to perhaps split uh that raffle if you
how to pool tickets to perhaps split that raffle.
If you haven't followed, the raffle is huge.
haven't followed the raffle is huge uh the top winner will get five percent of the the tokens
The top winner will get 5% of the tokens, which is over a billion tokens.
which is over a billion tokens um then it's five percent four percent two percent one percent so
And then it's 5%, 4%, 3%, 2%, 1%.
So based on where a potential market cap for this rune coin would be,
so based on where a potential market cap for this rune coin would be this would be one of the
this would be one of the largest, if not the single largest crypto raffle of all time.
largest if not the single largest crypto raffle of all time uh and yet very very few folks are
And yet very, very few folks are talking about it.
talking about of course there's some speculation about the relevancy of the rune coin uh which is
Of course, there's some speculation about the relevancy of the rune coin,
which is integrated within this.
integrated within this uh but i thought that was interesting a keen additional thoughts yeah i mean
But I thought that was interesting.
A keen additional thoughts.
Yeah, I think the core thing is,
i think i think the core thing is and i think probably the least understood part of what's
I think probably the least understood part of what's going on in Bitcoin
going on in bitcoin is actually this you know runes protocol that's supposed to be launched
is actually this runes protocol that's supposed to be launched at the halving.
at the halving and you know the easiest way to think about it is the runes protocol is supposed
And the easiest way to think about it is the runes protocol is supposed to be,
to be or is being positioned as basically the the the protocol that allows you to do other fungible
or is being positioned as basically the protocol that allows you to do
other fungible tokens on Bitcoin.
tokens on bitcoin right so to a large extent like bitcoin has evolved in slightly a reverse way
So to a large extent, Bitcoin has evolved in slightly reverse way to Ethereum,
to ethereum in that you had nfts first and attempts at nfts before you actually had a
in that you had NFTs first and attempts at NFTs
before you actually had a runaway fungible token protocol.
runaway fungible token protocol right and i think because the mind share that this runes protocol
And I think because of the mindshare that this runes protocol has,
has if it does deliver then you know you're going to have like a myriad of tokens and a myriad of
if it does deliver, then you're going to have a myriad of tokens
and a myriad of things launched on it.
things launched on it but the current fight is who gets to be the first right and to a large extent
But the current fight is who gets to be the first, right?
And to a large extent, R6 basically stole a front round protocol
r6 basically like stole a front round protocol by creating this interesting game that promises you
by creating this interesting game that promises you tokens,
tokens or ideally they're trying to say well we'll be the first but i don't even think that's
or ideally they're trying to say, well, we'll be the first.
But I don't even think that's relevant anymore.
relevant anymore i think the mere fact that r6 basically has started that meta as to fungible
I think the mere fact that R6 basically has started that meta
as to fungible tokens and what's coming, and the design is just so interesting,
tokens and what's coming and the design is just so interesting they have the provenance of by being
they have the provenance of being the first to do something,
the first to do something even if they're not necessarily the first token to launch and i think
even if they're not necessarily the first token to launch.
And I think that is substantial.
that is substantial and i think if you think that fungible tokens are going to be a thing on bitcoin
And if you think that fungible tokens are going to be a thing on Bitcoin,
which I do believe they will be, then fading potentially
which i do believe they will be then like fading potentially one of the most notable
one of the most notable first tokens on the protocol,
first tokens on the on the protocol i just thought was right a bad idea especially when
I just thought was a bad idea, especially when the majority of people got it for free.
the majority of people got it for free like it just made no sense to fade it yeah so yeah it's
Like it just made no sense to fade it.
So to me, it's a binary call.
like to me it's a binary call like do you think there will be a market for these runes and
Do you think there will be a market for these runes and fungible tokens on Bitcoin?
fungible tokens on bitcoin if so these early projects are probably worth exploring if you're
If so, these early projects are probably worth exploring.
If you're bearish on that market, then certainly avoid.
bearish on that market then certainly avoid and i think that's kind of what we've seen
And I think that's kind of what we've seen and why there's been some division.
in why there's been some division um sam i'm curious i know we've got a couple minutes left
I know we've got a couple of minutes left here.
here you've done some coverage of bitcoin entities i've seen you you know share some
You've done some coverage of Bitcoin NFTs.
I've seen you share some of the node monkey top sales and whatnot.
the node monkey top sales and whatnot i'm curious have you started diving in to this ecosystem
Have you started diving in to this ecosystem?
Are you still kind of keeping it at arm's length and kind of what's your
are you still kind of keeping it at arm's length and kind of what's your read on what's happening
read on what's happening in the ordinals here?
i've been keeping it i'd say a bit at arm's length i'm not but that's that's kind of consistent with
I've been keeping it, I'd say a bit at arm's length.
I'm not, but that's kind of consistent with me on ETH too.
me on eat too like i just haven't been a big buyer of nfts over the past year uh so i haven't
Like I just haven't been a big buyer of NFTs over the past year.
So I haven't kind of gotten too deep into this one.
kind of gotten too deep into this one um so i'd say i'm not quite as uh averse here as i as i'd
I'd say I'm not quite as averse here as I'd like to be.
like to be you know i i've done a little bit with soul and like the price lock feature when
I've done a little bit with Soul and the price lock feature when venturing outside of ETH.
venturing outside of east i think like the correct thing on tensor is pretty interesting but we can
I think the price lock thing on Tensor is pretty interesting,
but we can talk about that another show.
yeah yeah very very i would like to talk about that i do think that is an interesting feature
Yeah, I would like to talk about that.
I do think that is an interesting feature.
Certainly there's tons of innovation happening on Solana.
certainly there's there's tons of innovation happening on salona i've just been kind of
I've just been kind of broadly disappointed in the NFT market action.
broadly disappointed in the nft market action uh it doesn't feel like an from a trader investor
Doesn't feel like an, from a trader investor standpoint,
standpoint it doesn't feel like a super exciting ecosystem it's hard to make the price of jpgs go
it doesn't feel like a super exciting ecosystem.
It's hard to make the price of JPEGs go out for a long time.
out for a long time that is a fact uh but at least on a short term time window it is happening
That is a fact, but at least on a short term time window, it is happening on Bitcoin.
on bitcoin uh so perhaps i'll be able to sit down in orange pill use uh at a later time
So perhaps I'll be able to sit down and orange pill you at a later time here, Sam,
here sam but we will have to save that uh conversation i feel like you're ready to
but we will have to save that conversation.
I feel like you're ready to X pill me on whatever's going up.
ex-pill me on whatever's going on and that's what i love about it it's like if it's going
And that's what I love about you, Tyler.
It's like, if it's going up, Tyler's loving it, we're going to talk about it.
up tyler's loving it we're gonna talk about it so i appreciate that about you uh but yeah i mean
So I appreciate that about you.
But yeah, I mean, I guess the Bitcoin narrative clearly,
like i think the bitcoin narrative clearly it you know the the long-term game here is all about
the long-term game here is all about narrative and building quote unquote provenance,
narrative and building quote-unquote provenance which is another word for narrative and clearly
which is another word for narrative.
And clearly the Bitcoin narrative is very strong.
the bitcoin narrative is very strong yeah very very well set uh and i think that is one thing
Yeah, very, very well set.
And I think that is one thing.
This clearly puts the Bitcoin NFT ecosystem heads and shoulders
this clearly puts the the bitcoin empty ecosystem heads and shoulders above some of the newer other
above some of the newer other ecosystems.
ecosystems like like say um is say we're going to be around and be relevant in three to five years
Like, like say, is say we're going to be around and be relevant.
i don't know i haven't really dug into that ecosystem is bitcoin going to be around and
I haven't really dug into that ecosystem.
Is Bitcoin going to be around and relevant in five years?
irrelevant in five years yes unless like all of crypto crashes um so and perhaps we will save that
Unless like all of crypto crashes.
So and perhaps we will save that for that deeper dive for another show for today.
for that deeper dive for another show for today we are going to end things there uh before we leave
We are going to end things there.
Before we leave, what is minting handful on the list?
what is minting handful on the list we had alien queen euphoria this morning memes by 6529 going
We had alien queen euphoria this morning.
Memes by 6529 going live right now.
live right now taproot wizards those quantum cats start minting in one hour for the whitelist and
Those quantum cats start minting in one hour for the whitelist.
And then ordinals getting also coming this afternoon.
then ordinals gang also coming this afternoon again i said it just a few minutes ago this is
I said it just a few minutes ago.
This is a huge week for Bitcoin entities.
a huge week for bitcoin entities we have the quantum cats finally minting this afternoon
We have the quantum cats finally minting this afternoon after a week long delay.
after a week-long delay it's going to have the the whitelist sale first i believe noon to five
It's going to have the whitelist sale first.
I believe noon to five public will be after that.
public will be after that and then tomorrow a beautiful june of art collection dose x mocking
And then tomorrow, a beautiful June of our collection dose X mocking up from vivid
up from vivid will mint right when those quantum cats should be starting to trade and hit the open
will meant right when those quantum cats should be starting to trade and hit the open markets.
market so that is the other factor to watch is when will the quantum cats actually be
That is the other factor to watch is when will the quantum cats actually be tradable.
tradable so that will dictate some short-term market action as well but folks that's it that's
So that will dictate some short term market action as well.
our show we'll be back tomorrow at today and be sure next to our listeners for tuning in thanks
We'll be back tomorrow at 10 a.m Eastern.
Thanks to our listeners for tuning in.
to my co-host thanks to sam and akeen for coming up to join us everyone enjoy your monday let's
Thanks to Sam and Akim for coming up to join us.
Everyone enjoy your Monday.
Let's make it a great day.