You know, there's too many fucking puppets in here, bro.
It's like the puppets cabal.
I got a coffee to finish.
I'll be back when I'm back.
I'll catch you in 30 seconds.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
It should sound like shit and there's nothing I can do about it.
like a genuine while, like a long time.
We talked about it yesterday, I'm talking about it today
because I can't stop tweeting about it.
It has been a like genuinely long,
substantial gargantuan period of time
since I have like enjoyed a video game.
Seriously bro, like it's been like a long time.
Like gaming is dead or gaming was dead.
There has not been a fucking fun game.
Like there has not been a fun game released
on some like stay up till 3 a.m. with the squad
multiple days in a row over the course of like a year plus
since GTA five straight, straight up.
There is not, you can fight.
She has got, no, fuck you and fuck you too.
Since GTA five released when I was in like elementary school
there has not been a game in my opinion
that I have been like time sunk into.
Bro, this power world game.
If you haven't, I know yesterday
I was like talking it up a little bit.
I just started, I was a couple of hours in.
I'm like 30 hours in now bro.
If you have not played this game
actually what the hell are you doing?
I was feeling so bearish on web three gaming
because I'm like bro, all of these games fucking suck.
Like no one's gonna make anything fun.
Like it's not even possible to make a good game anymore.
Like we gotta just skip web three, go to web four.
Like I was feeling as bearish as ever
until I realized just like, bro
we just need like the right developer to hit a big one.
We need to do the right developer to hit a big one
and we're gonna drink the Kool-Aid for a little bit.
and I got a thread pinned to the top shot to Carl.
If this game bro, like if gold or whatever
we were farming coins for an airdrop in this game, bro
it hardly even wrapped my head around that.
Like actually, it's like, it's genuinely hard to do.
So I pinned this thread to the top.
Seriously bro, I'm telling you
I'm not even a gaming nerd.
I'm not Jonah, like I'm not double eight.
If you like, whether you play games or do not
if you've ever seen a fucking Pikachu in your life
where you've got to download this shit
and just fuck around, even for an hour
you gotta just download it.
Whether you're a boomer, zoomer, I don't care.
You have to, sorry, I pinned the thread to the top
It says power world broke 7 million sales on scene.
It's also the second highest concurrent player game
Like approach CS goes like 15 year second place spot
I don't even know what the fuck is happening.
Will they integrate web three tech?
I found out some interesting details.
This is a six tweet thread.
The CEO, PocketPair is the studio behind PowerWorld.
The CEO of PocketPair has previously co-founded CoinCheck
the number two crypto exchange in Japan.
Holy shit, bro, the CEO is the founder of a crypto exchange.
I mean, come on, every protocol in the world
is talking about points this points that
CEO is the founder of a number two crypto exchange
PocketPair is currently looking for a COO.
The job description indicates that they are working
on blockchain integration for their games.
The FAQs, PowerWorld is still in early access
which means it is unfinished.
And a question in their FAQs on Steam,
they don't deny future blockchain integration.
But as they mentioned, it will also be driven
And the community of gamers is not fond
of web three integration, yada, yada, yada, yada, yada.
Look, I'm down to put the tinfoil hat on,
CEO is the founder of the number two crypto exchange
All I'm gonna say is you wanna talk about
how do we onboard the masses?
How do we onboard gamers?
Bro, bro, bro, bro, bro, bro, bro, bro, bro, bro, bro, bro.
Just think with me for a second.
How do you onboard normal people
if they just flip the switch and turn our gold
or our items or our points or our experience, whatever
into some type of airdrop
and everybody that was already playing
just boom, you have it, custodial wallet
already integrated into the platform.
I mean, bro, it would literally change everything.
And all these other games would come up here
and like larp about how this is gonna be the game.
And this game has like a hundred viewers on Twitch
and this other side first.
Bro, none of that shit would matter
if we just flip the switch
and there was crypto integration.
I mean, look, I got a lot of things I wanna say,
but before I even get into it, I mean, beat check.
Have you played this fucking game?
Seriously, have you played this game?
I have not played the game, mate.
I don't play that many games, man.
See, this is the thing is I-
If I'm gonna play a game, it's gonna be a sports game.
Shooting games, running around, shooting people.
I'm like, I bet I'll play like,
I run C5, I run 2K, I run Madden.
Like I'm a very just like casual like gamer,
but bro, Pokemon is cool,
but Pokemon with guns is a whole different style.
But then Pokemon with guns and a crypto integration
is like a gift from God himself.
So I don't know what's gonna happen with this.
and we'll talk about it a little bit.
TJ, one question before you get into it,
like, is there a specific reason why you think
this has taken off within the web3 community?
Or is this something that's just taken off anyway,
like across the board for all gamers
around the world full stop
and therefore we're interested?
Or is there some actual crypto angle
why people in our space have got interested in it?
From my understanding, the crypto ink,
like this tin foil had speculation
about the founder on some crypto exchange in Japan.
That came after the fact.
Like I was on with, I was playing with Deez last night
and he like, someone like told him that like in a discord
and we were like, yo, no way, like what?
And then like it was getting tweeted about today.
Why is it taking off like globally?
Like, I don't know, I have some thoughts.
I know there's some gaming bozos on stage.
I think the main reason is it's like,
bro, it just fills like every fucking kid's
like childhood dream, like a deep fucking rooted void
to be Ash Ketchum, like chucking Pokeballs at Pikachu
with a shotgun in your other hand.
Pokemon hasn't shipped a good title since like 2010.
I've played basically every Pokemon game ever.
I'm obsessed, I love Pokemon.
There's hella Pokemon shit in my house right now.
Like I love Pokemon, but it's just like, bro,
at the same time, they have not shipped a good game
in like a absurdly long amount of time.
Like we were ripping Pokemon, bro, I love Pokemon.
it's almost like a nostalgia club at this point
because they haven't actually dropped anything that's fun
Like it's just nostalgia.
Like I like the gen one, I like bleep green.
I like thinking back on like the early days,
it's like integrated in my life, culture, whatever.
they just like objectively have not dropped a good title
And they also, I mean, they skipped console ones,
just went to the Swiss, the Swiss,
and the Swiss arc was dope, but it's like, bro,
they have seriously been releasing the same game
the games are the exact same as HeartGold, SoulSilver,
it's Diamond, it's Platinum.
Like nothing is different.
There's some like fake ass, half ass, open world.
It's just like the game did not scale
versus like Zelda's out here dropping like Breath of the Wild
and he's like insane, massive, open world,
like crazy games you can craft and do all this shit.
Pokemon's still like, yo, here's a Pikachu.
You don't have to catch anything else for the whole game
and you can still like wipe the floor
I don't know, they just like,
they haven't dropped like a game forever.
Every person that grew up gaming fucking loves Pokemon.
Like it's their shit, they love,
How could you not love Pokemon?
But it's like what you want out of that title
And then this like random fucking like indie dev
comes out, drops Power World
and it's like exactly what you could ever want
and more and there's fucking guns.
And it like works, it works.
There's no, it's an early access.
You hop in a server, server went down
a couple of times last night, but it fucking works.
The game is smooth, wrong with the friends.
it actually has me bullish and went through gaming
because I'm somebody that seriously,
I have not like smiled while playing a video game
Like I mean, it's kind of sad
because like I used to love gaming.
It's kind of sad actually.
I used to stay up on an Xbox party with the homies.
Like I remember even like COVID time.
Like that's the last time gaming was fun.
But it's just like that's,
those are the fucking days of the fucking memories.
And then he like coming to web three
and they like try to tell you
that this is the future of gaming
and they give you these like bullshit ass blockchain games
that nobody likes and nobody enjoys.
Not because it's blockchain,
but just because the titles fucking suck.
And they like, they tell you,
they tell you no, this is the future.
That is why gamers hate crypto.
It's not because it's crypto.
They don't even know what crypto is.
They hate it because the games, the titles suck.
it's like you play some shit like Power World.
And then the crypto on that first like in the rafters
screaming at you like, no, no, no, no, no.
This blockchain game is the future.
The blockchain game doesn't even exist.
So I play some shit like this.
It actually gives me confidence in crypto gaming,
especially knowing that this isn't like,
this isn't like game freak that built this.
Like Nintendo didn't build this title.
It's some like indie, like, I don't know,
they have like six employees.
Like there's like spun this game up.
I can't imagine how long it took,
but from my understanding,
it's just from like indie game studio
that like whipped this thing up and dropped his games.
And then it's like, all right,
you got like Pixelmon and like PixelVault
million crypto titles that have raised 20, 30, 40, 50.
Pixelmon made $70 million on the mint.
I know this game didn't cost $70 million.
So it gives me some faith, but I'll say this too.
There's this narrative being pushed on my timeline
that Power World is bullish for Pixelmon.
It's like objectively is not bullish for Pixelmon.
It's like a Pixelmon ships a crazy game
that we've seen like the genre works,
which I mean, we've known the genre works
well before Pixelmon or Power World were even a thing.
But it's just like, that game being successful
does not mean anything to Pixelmon in my opinion,
I want to keep going, but Bongo doesn't have his hand up.
Bongo, you've been playing this shit.
We, we, Originals people, we're making place in money.
I don't know why you stopped.
It's bad hosting, really.
I'm muted and I'm wondering where's my co-hosting by,
Yeah, now you're actually muted.
I actually think you do yourself a disservice
if you create NFTs and you don't at least like trot,
even for an hour, if you don't at least like fuck around
with a good title, because it's like,
something about like this.
It's like, all right, if the gaming meta is real
and it's going to happen, which it will,
it might not be next month,
but it will happen with blockchain gaming.
I think you have to be able to recognize
when something, when there's a good game.
Because it's like, man, I...
But what do you want me to do?
I'm not fucking a gamer either,
but I want you to hop on his game,
go throw some fucking Pokeballs and some Pokemon
and shoot one with a shotgun
and like spend a couple of hours on it
and tell me if you enjoy it.
Like, I don't know where I'm going with this, right?
And I want you to dive in
into all the fascinating projects we have in Originals,
And remember, I'm gonna have RSIC
popped up on my laptop right now, staring at it.
I mean, come on, watching my numbers pop.
Bitcoin puppets for world peace.
I love you check the floor price recently Bongo,
but world peace is world peace.
I just think this, look, I just think this.
I just think that the gaming meta is real,
it's gonna happen at some point.
And it's gonna fucking take over.
And there's a lot of people that don't play games at all.
Like I literally play Madden for fucking franchise mode.
I still play NCA 14 on a 360.
I don't really play games.
However, if some shit like this dropped in crypto,
I would be able to recognize it.
I would be able to recognize it
because I'm recognizing it right now,
I don't wanna talk about it for too long,
but double, I know you're dying
to jump in your thumbs down at me back and forth.
I mean, did Power World beat the other side?
Oh, I mean, not even close.
comes back to my main point way back,
arguing with Jonah all the time.
It's like, you know, if you had a game
that could actually onboard the masses,
that was so good that the masses,
like thread guy would be playing it,
you really wouldn't need Bitcoin or blockchain at all
or whatever block, you know, crypto.
The cool thing about this is like
the founders ran a crypto exchange, right?
Like that's where they funded to make the game,
but when they created the game,
knowing everything they know about crypto,
you know, they didn't integrate it, right?
Cause it wouldn't make sense
cause they were going for the masses.
I think the bullish thing for Web3 Gaming now is,
I think they need to understand
that that's not their market.
Their market is Web3 people
who want to do things like Bongo said, right?
They're just telling you.
They're not going to onboard the masses.
The proof is in the pudding.
And this is why though, cause it's like, all right.
Making a game, like, all right.
If you're making a blockchain game
and it's just for the like 5,000 people
that jerk off and trade NFTs back and forth,
Axie Infinity produced over $4 billion in revenue.
All right, all right, hold on.
This game hasn't even made a billion.
I want your opinion on it.
Axie Infinity was objectively, it was successful.
Like it was objectively successful.
There's no way to like cut that any other way,
but it wasn't like a successful game.
It was just like, there was a good farm.
It was like DeFi games basically.
And it was hardly even a game.
You were playing for like a literal dollar.
No, it made way more money than DeFi games.
You were playing for the literal dollar conversion
there was no like skill-based like reward.
I don't look at that as like a successful game.
Like they integrated a good farm.
I mean, the whole game was running like scholars
like in the circle of farming this game.
It wasn't a successful game in the same way.
It sounds like, whoa, whoa, whoa, whoa, whoa.
Yeah, I get the take, but you were definitely rugged.
But what I will say, hold on.
Hold on, you're right that you're right
that the users that were playing Axe Infinity
were people from like the Philippines
and like other countries where it made sense
for them to grind and play.
Just like people in like China used to grind
for World of Warcraft, right?
So the thing that worked in Axey is that
the NFT holders, the people that got in early
and owned them, they didn't really wanna play.
So what they did is they hired and like trained players
in other countries, basically outsourced them
to play for them to farm the rewards
and points that they get.
So the NFT like holders were just farming the points
and then the players in these other countries
where it made sense for them to earn $10, $15 a day
that's good for them in their country, right?
So it has its own economy, its own ecosystem.
It's not saying, hey, we're gonna go grab everybody
on TikTok and all gamers to play Axe Infinity.
No, they understand who their customer is
and that's why they're still thriving.
That's why they have Ronin chain.
They have another game called Pixel.
No one is gonna play pixels in like a regular game.
But that's the problem, that's the fucking problem.
No, it's not the problem.
Yes, that is like objectively the problem.
That is like the, I mean, that is literally the problem
cause you're stuck in this fuck.
This is our problem with crypto is we think so small.
We're like, okay, but if we like onboard CT, we win.
It's like, yes, Axe we made a lot of fucking money.
The founders are caked up.
I'm sure they got a lot of money.
They're good, but it's like Axe Infinity
is not breaking steam records for most concurrent players.
It is like not, it never will.
It doesn't have to, it doesn't need to.
Well, it doesn't have to for Axe Infinity
to be successful, but for like crypto gaming
to be successful, yes, the fuck it does.
7,000 wallets jerking each other off
and going out Axe-y's to scholars.
But it's the same as crypto.
But that's the same thing as crypto, right?
You're telling me crypto can't expand
because it's the same thousand wallets trading NFTs or DeFi.
As the market expands, the games will expand with it,
but you have to stay in the ecosystem for now.
You can't try to break out and force this down people's,
and you have to wait for it to organically expand.
So yes, Axe Infinity is the model
they should be looking at.
Anyone making web free games,
that's what you want to target.
No, I think it's like, yeah.
And we're going to move on.
Cause there's two early divisions
if we go back and forth with you right now, double.
I think you're objectively wrong.
Cause it's like, if Axe, like did Axe Infinity
like change web free gaming and like break us up?
Oh, just like, no, it didn't, no.
And because the answer is no,
it's like, how would that be the model then?
Wait, wait, wait, wait, let me speak.
You're telling me Axe Infinity didn't change anything.
Do you understand the reason why all the VCs came in
investing in gaming was because of Axe Infinity
That's the reason why the big money came in here
It definitely changed things for sure.
But it, it isn't a game that gamers want to play.
You guys are like arguing.
They don't need to, they don't need to play.
Well, because it's not a good game.
Yeah, but that's not the target.
It's not something fun to play.
Yeah, it doesn't need to be fun to play.
That's not what you're targeting.
That's not what he's talking about.
Sorry, I had to do it, I had to do it.
We're going to keep it moving, keep it grooving.
I got a few more things I want to hit on.
We got to get into it a little bit.
We're going to come back to the power world thing.
Double it, it's nice to know you're fired up,
but even though you're wrong.
You're wrong on mute motherfucker.
There's nothing you can do about it.
All right, all right, all right.
We do have a bunch of things going.
We talked about the puppets briefly.
We got to get into the puppets in the RSIC as well.
At some point here, I have a tweet pin to the top,
but they're fucking flying, bro.
and the meta protocols are 0.056.
Free airdrops that are like $2,000 a piece.
You absolutely love to see it.
Bitcoin puppets for world peace.
I got a tweet pin at the top.
We'll read a thread on that,
but it requires us to get technical
and I don't really want to write this moment.
As Bootcase told out, a new collectible, $110.
Let me ask you this, Beatcheck.
Like every, is this how the IPs are going to make money now?
We just have to do collectibles,
like physical lines, physical collectibles,
post-pudgy penguins, like is that the meta?
I think for sure people do physical collectibles.
Like yeah, that should definitely be
one of the business lines.
Like they need to make money in different ways
and I think there's real demand for physical stuff.
Even when I think about for myself,
like when I first got into NFTs in 2021,
I was like really fascinated by the digital aspect,
but I just noticed myself in 2022
starting to think like, do you know what?
Like I kind of would love this stuff
to be paired with a physical thing
or to have a physical thing, aside from the hoodies.
Physical hoodies, physical like clothes all the time,
like we can put those to a side,
but like the things that I've been collecting
from an art perspective has been like NFTs
with a physical with them.
So like Jack Butcher, Czech Elements,
the ones that you do the Sotheby's,
I wanted to get that because I think it's cool
when people are pairing them together
and this William Mapan one that's just out
in the last day or two or something, that as well.
It's like do you get the NFT
and then you also get the physical.
So I know I'm talking about it from the art perspective,
but I just think like I noticed myself wanting
And I think that probably exists for everyone,
even for the other type of IP brands as well.
Do you think it's cringe to be like, oh, bad.
No one was really doing physicals like this
Pudgy Penguin comes on the scene
and got the cheap ones at Walmart.
They got the hype ones dropping a network, things like that.
And then collections are just like pouring in,
Do you think it's cringe or is collectibles
like a widespread thing that Pudgy Penguins do not own?
I think if there's demand,
you need to try to service that demand.
Like the game has always been for all types of IP,
whether that's like the traditional Disney Media IP,
Star Wars, all these like top, top IPs.
Like the main way, the main like business driver
is these sales via collectibles or merchandise
Like that will end up being one
of the biggest drivers of revenue.
So I don't think it's cringe at all.
Like it's just a part of the business
and it will be hopefully a very, very big part
of everyone's business moving forward.
And if that demand isn't there, if anything,
that would be a thing to worry about.
If your fans or if your community didn't want that stuff,
that would be a bigger worry.
And it is a good gauge of demand.
Is there any like part of you worried that to this point,
basically the main reason all of these NFT projects,
these companies, whatever have made money
is by selling things back to their holders.
Like, what do you think about that?
It's like, whether it's a new NFT, a new mint,
like sometimes it'll be a free air job,
but whether it's like a new NFT
or it's like physical collectibles, physical merge,
even like some of these parties,
it's like the only way these collectibles
have figured out how to make money
is to sell stuff back to their holders.
Like, what do you feel about that?
I mean, in the end, that's what all businesses do.
Ideally, you want repeat customers, right?
Like if you like to zoom out just a little bit further,
you want repeat customers because the cost
of trying to acquire new customers over and over
and over again is too high.
So yes, you need to keep expanding
and to find more people and that's why
what Pudgies has done is so good
because instead of only raising
from their own community all the time,
they've like managed to go out into the world
and get other people to buy as well in addition.
But I think there'll always be an element of like,
and that you're like our biggest supporters
and we hope you would want to continue to buy our stuff
because from a business perspective,
we need repeat customers, we can't just keep going out
trying to acquire new customers all the time.
It would just be too costly.
But I guess the different element in web three
is that there's an actual genuine connection there
where it's not just like,
look, we need you as a repeat customer.
It's a little bit more like,
no, we're kind of on board with you.
Hopefully some value, your future success
like trickles down to us as we continue to support you.
So there's that interesting element as well.
How much of Pudgies outreach
and like social media push on like TikTok,
how much of that converts
versus just like wealthier, big Pudgy,
little Pudgy holders going to Walmart,
going on network, sweeping the supply, the collectibles.
Like how much of their like,
quote unquote, normy marketing
do you think actually converts to these toys,
the physicals, the networks, the collectibles, whatever?
That's a very, very good question.
I'm not completely on top of the numbers,
but I've heard that in general,
that type of stuff doesn't convert that well.
Having said that, I do think,
I think that a few things can be true at the same time.
Like, yes, I think they had such tremendous support,
not actually from their own community,
but like even from other people in Web3
who might not have been a holder,
they were just like, well,
we think this would be good for Web3
for this to be successful.
Let's just go and support them anyway,
because that would be really good for everyone.
So I think that is definitely true,
but whether or not it converts or not perfectly,
I think there's so much value in it, right?
Like it's hard to quantify
what the value is of so many X million people
watching your stuff digitally,
routinely, over and over again.
Like, what value can you place
on your random uncle from somewhere
you haven't seen in a while sending you a GIF
and it turning out to be a pudgy penguin
when they don't know that it's a pudgy penguin
but they don't know the underlying thing.
There's real value in being one of these IPs
that is used to express any type of emotion
So there's real value in it.
I don't know how much it converts perfectly,
but they're still doing really good stuff.
if PowerWorld drops some physicals right now,
I would ape like thousands of dollars
into PowerWorld collectibles.
Look, we're talking about pudgy.
Shiv, your hands shot right up.
I mean, answer me there, Shiv.
Are the normies on TikTok and Kai Sinat's chat
out here buying my little pudgy physicals in Walmart?
It's tough to tell on what the conversion rate is.
And it's actually got me thinking as well.
It's got me thinking like,
we have what hundreds of millions of impressions,
numbers, you know, across all social media platforms,
How much of that trickles into the collectibles
It's something that I need to find out.
But even if you take a small portion
of those, you know, hundreds of millions of people
still a massive, massive, massive demand into the NFTs,
which I think is also corresponding to the price action
that we've seen recently as well,
because there's only a limited supply of pudgy pain
and the demand is gonna increase over time.
So that's why perhaps we've seen such a,
you know, massive price action as well recently.
But I've got a question for you, TG.
With all the stuff that's happening in PowerWorld,
are you gonna jump back onto streaming?
Dude, I'm thinking about it.
I'm trying to, also, I just saw this quote
that said the CEO of PowerWorld said they added guns
because Americans love to shoot things.
It's a good quote right there.
I actually, dude, I was gonna stream last night.
I was gonna throw up a server
I was like, oh, about $28 a month.
I'll fill up a fucking server,
but the brother all sold out.
All I could get was a Brazilian server
that had like two, like literally two pink.
It was like not gonna work, which was rough.
But we might be a stream come back save.
I'm kind of just like in awe of low key.
I have not genuinely had like gotten entertainment
from a video game in like a very long time.
Like the only time I even like play Madden or FIFA
is when I'm like miserable and depressed
and I wanna be like sad and like feel worse.
So I hop on Madden to like feel worse.
But I don't usually hop on a game to feel better
is sort of where there's like a fundamental shift here.
I'm gonna throw it to you real quick.
And then I got it back into it.
Are people out here in Kai's format stream
seeing him talk about a little pudgy, pudgy penguins
and then going to Walmart and buying toys
or is it just the crypto boomers?
Well, I remember Lucas said in one of the
they're selling around a hundred thousand units a month.
And I know there's definitely not a hundred thousand
motherfuckers on crypto to it.
I bought like 40 of them.
Why does that math matter?
So they're definitely converting.
And I think it's, I don't know why,
but in web free and it's always confused me,
but it just feels like all these projects
really are neglecting social media
and leveraging social media to build their business
You look at Mr. Beast, you look at Liquid Def,
you look at all these new brands,
even up to fucking Kim Kardashian with Skims.
These are the new brands that are taking over
and actually outdoing the traditional businesses.
So it's always confused me from the longest time
why NFT projects aren't leveraging TikTok,
and even just like you mentioned,
Kyson that like people like that.
So I think pudgies are converting.
We were getting loads of people saying
they're seeing their friends using the gifts.
You're seeing everyone from Peggy Goo
to massive pop stars in Asia to now football clubs
and different sports teams using their gifts.
So they're definitely converting.
I think people aren't really realizing,
but I think when we see the royalty checks
finally come out from the holders that have got the toys,
I think that's when people will start realizing
and taking it a bit more seriously as well.
Yeah, I would love to see those royalty checks.
Shout out to Kyson Knott for talking about the pudgies as well.
All right, let me do this.
I'm going to throw it to Shiffle, throw it to Double,
and I got a few topics I got to get into.
Shiffle, what's good, bro?
So something that, of course,
I'm basing on what Sandra said,
the numbers are massive across the board in terms of sales.
So there is people, of course, funneling in,
but one thing that, like, 2024,
something that we focus on is, like,
improving those funnel systems.
Like, main thing, Pudgy World.
You know, you buy a Pudgy toy, you scan the QR code,
but improving that experience is one of the next steps forward.
And it's all about the funnel systems,
from the social media to the product to the game,
trickling down to the collection.
How can you make that as seamless as possible?
Now, I don't know the current numbers,
but I remember when we first came out with Pudgy World
in the summer, in June or July alone,
we had, like, 50,000 people sign up to Pudgy World,
and that number's really going to increase over time,
as we're in more stores and, you know,
more distributed worldwide.
If we can create that funnel system to be more seamless,
to a better gaming experience,
to a better way of getting the collectible,
there's going to be a massive, massive demand
when it comes to the entities.
Yeah, I think that's a good take.
I think that's a fair take.
All right, let's do this.
Double, I thought you were real quick.
Yeah, no, I think they're doing a great job
on Instagram and converting those gifts
and just what they're doing in terms of branding
and messaging on their Instagram and their socials.
I think even Lucas said this himself, right?
There's a difference between converting gifts
and generic memes and stuff
to converting that to a customer.
And I think they're able to do it
to the toys to a certain extent,
but, you know, obviously,
they're not buying into Pudgy World,
like Ship was saying, like they're not going,
they're not taking the toy, going into Pudgy World
and actually like buying NFTs and converting into,
they're not doing that yet, but I think-
Well, if they drop Power World, I'll tell you what,
we would see Pudgy World.
Yeah, that's what I'm saying.
I think the game, the Pudgy World needs a lot of work.
I just hope they don't go about this the wrong way,
trying to create the game.
I hope that they do it the right way
and partner with devs that could make
a really great experience.
But so far, I mean, they're doing a great job.
All right, look, I want to switch gears a little bit
and talk on a similar topic.
This point thing is getting fucking out of hand
and we got to talk about it a little bit.
So, all right, a little backstory.
Yesterday, we were talking about airdrops,
how much do you farm and whatever, whatever, whatever.
I painted a poll to the top of yesterday's space.
It was like, how many airdrops do you farm?
And the answers were like zero, one to five,
like five to 10 plus, and then like 20 plus.
And basically 35% of people said zero
and like 35 to 40% of people said one to five, right?
How can that be possible where 70% of people,
I know it's not everybody, but let's just say 70% of CT
is farming zero to five max, max airdrops.
When there's like 150 active
and like another 200 being teased on my timeline,
like how is that possible?
I think, I mean, the answer is like objectively
is like, it is way too hard to keep up.
It is way too hard to keep up
with how many airdrops there are.
There's no central place.
Everything's on a different chain, different wallet,
different applications required to farm.
There's different actions needed.
All the wallets need money.
You have to use it in some different way.
Like the rules and the requirements
to actually access these airdrops are like very unclear.
There's no central way to like organize it.
There's no like central like deal flow in the middle
where you can just like do one action farm multiple.
And I think the real X factor here
that has made this like so much more difficult
is only half of these airdrops are actually confirmed
and the other half are just points.
And it's like, what the fuck even are points, right?
It was like cool when FriendTech did it.
And now it's gotten to the point where it's like,
all right, it's like the meta.
Like if you don't have an announced points yet,
But there's also no guarantee that points become anything,
Like there's literally no guarantee points become anything.
There's no anything, right?
So it's like, okay, new product announces points.
You want to farm it, whatever.
You go on there and start farming points.
You do volume on the platform.
And it's like, you have no idea
if it will go towards anything.
So I think there's a lot of people.
It's like, it's a dead end, bro.
It's like, you go in, you put your effort in,
you volume your money, whatever.
And then you get some points,
but there's sort of like zero guarantee of a return.
Borneo had a pretty good tweet about it yesterday.
Some thoughts on the current points meta,
why a lot of people are getting it wrong.
Many platforms are trying to acquire users by issuing points,
but there are serious design flaws in many recent examples.
Points are effectively a soft currency.
This is a very business friendly tactic
to prevent securities violations
and or having to deal with token price fluctuations,
but it's not super valuable to customers.
Points need immediate utility too,
besides just getting the token eventually.
This is like exactly what I'm saying,
where it's just like, you get these points
and you have an expectation of value in some sort,
like utility as if you can use it on the platform,
utility as if you can convert it to free money.
Like some expectation of return with no debt.
I mean, even like from the friend tax,
they put like some like soft data on it,
circled it like six months down the line.
And then we just fucking forgot about the platform
and acted like that never happened.
Like a video game, you need a way to collect energy,
coins, mana, whatever, and a way to spend them.
This creates a flywheel that's satisfying to players
because they're able to level up.
Their character, which in turn makes them more competitive
and allows them to accumulate points even faster.
Basically the take is points are fucking stupid
because there's nothing you can do with them
and people want something you can do with them.
And I think it opens an interesting conversation.
the airdrop farming season is overwhelming.
It's overwhelming and let's just be real.
The majority of them are going to get you
like close to zero dollars.
Like there will be some very lucrative ones.
And if you hit the right ones hard enough,
pause and sound right, then you will get rewarded for it.
Like Jupiter is going to be a cook, right?
Jupiter is going to be a cook.
Like I thought friend tech was going to be a cook.
There's just some of them that are going to be cooks.
The vast majority are just completely vapor
and the vast majority of those won't even do anything
So like I've had quite a few like partnership calls
or potential sponsor meetings or like someone calls
for like consulting advice, whatever
with upcoming companies, protocols, tools, whatever.
And every single fucking call, the biggest question
that people ask me is like, all right, I have this game.
I have this aggregator, I have this tool,
I have this product, whatever.
We have no users, we need users.
We're about to drop points.
How do we drop points in a way that people care?
Bro, every single call without fail.
It's like, yo, we're trying, we have no users.
We're about to drop points.
What's your plan to, what are your plans with the points?
Well, there's gonna be a token down the line.
We haven't really thought about the token yet.
And this is like, this is what's happening.
Seriously, bro, I promise you, I promise you.
Like serious companies, like companies that are doing well,
followers that have tracks that are popular,
that you would want an airdrop problem are just like,
yo, we're trying to figure out how to drop points.
They probably will never do anything,
but like we need them to get us users.
And I don't really have an answer.
Like, I don't have, I mean,
there's this one gaming company I talked to
that the game's actually sick
and they're in a pretty good spot.
They've been here for a while.
They could definitely win.
It's just like, we need users.
Okay, what's your plan to get users?
Well, what is your plan with the points?
Well, we're going to do a token maybe next year.
Like there's no date, there's no expectation.
There's no plan to convert them into anything.
And that's like the theme across the board here.
So it leaves me as like a regular crypto participant,
sort of like unsure what to do with these farms.
Cause it's like, man, you could,
I mean, you could, I think it was Hunter VTech
who you tagged me to tweet is like the goat farmer.
I was looking at his tweets.
He's farming like a hundred protocols.
They're farming a hundred protocols.
And it leaves me sort of just like, man,
I don't know how I can like mentally keep up with this.
Like how can I spend all this effort
on these farms and gathering these points
and my hunter gatherer shit?
What I know for a fact that the vast majority
of this is literal vapor.
So it's sort of just like close your eyes, take your pick.
Hope you farm the right token that will be worth it
because most of them won't.
And on top of that, hope you farm a farm
Cause most of them at that won't even have a token.
if we're going to call this farming season,
it's going to burn most people.
It's going to burn a lot of people out from the farming.
And I'll say this two more things is
you can't burn people out from free money
because if there is free money
and it's known free money,
people will always fucking go for it.
Like you cannot burn people out of free money.
But I very much think that's like a meta
of come farm our vapor points,
like stop what you're doing,
spend your time, money, volume, effort, energy farming,
or like literal vaporware points
just because their points and points are cool
and they might have some expectation of something.
I think that that is going to get wrapped
It's just like going to mean less
because everything has points
or some wallet that he has.
It's like such a fucking meme.
I can't even say point unironically
because I've said the word so many times
in the last five minutes here.
I just think we see a heavy fucking burnout on it
in the reaction when it's announced moving forward.
It's just like significantly hindered.
BeatTech, I know you're deep.
You spend a lot of time talking about these points,
airdrops, what we're farming, what we're buying.
I mean, what are your thoughts on this conversation,
but especially the like points fatigue
for lack of a better term?
That's exactly the fatigue, the desolation, the tiredness.
That's exactly what I want to hear
from all the other farmers out there
because it means there's more for me.
How many protocols are you farming right now?
I told you, the tweet that I sent you on Telegram
But yeah, Hunter is very good as well.
Eth L2s, you've got scroll, you've got ZK syncs,
darknet, frame, and blast.
You've also got ambient and scroll, which is like a deck.
You've got a kubu on darknet, which is a deck.
Solana, parcel, tensor, Jupiter,
margin fire, Camino, drift, Zeta.
Is it like either protocols where you can just dump
some USDC in or protocols where you might need
to do a little bit of trading on.
In terms of wallets, the scale is,
there's a scale of stuff, right?
Sometimes it's just like use this wallet.
Like Backpack, which is Mad Lad's wallet
and it's going to be an exchange as well.
They're rumored to be likely to do something.
Phantom haven't got anything done yet.
Rainbow and Rabi, both wallets in competition
with MetaMask are saying that they've both got points now.
In terms of bridges, you've got wormhole,
which is that bridge to bridge between East and Solana.
You know, and it goes on this stuff on Cosmos,
Celestia has been a cook for everyone.
Yo, you realize you just named like 19 different forms
Yeah, I'm reading from the street.
I think the experience that you feel
is 100% the experience that I feel too.
It's the experience that like everyone feels,
because the reason why this is so close to me
is because when I came to the space in 2021,
I didn't know what the hell was going on.
I didn't know like what an L2 was.
I didn't know what DEXs were.
I didn't know why these random people around me
were just getting money thrown on top of them from the air.
And I was like, hang on a sec,
what the hell is going on here?
If I'm going to be in this space for longer than,
well, if I'm going to commit to this space,
then there's no way I'm going to let everyone else
have money thrown down from the heavens to them
But there's no way I'm going to be here full time
and not get my portion of this stuff.
So what I set out to do back then,
well, unfortunately, I met Legendary,
who's my co-host for the morning show.
And he was like an expert, even back in 2021,
he'd like done, I don't know, mid five figures,
six figures from airdrops in back in the day.
And I was like, look, mate, we need to,
let's take my English teaching, lawyer skills,
let's couple that with your knowledge
and let's create this product
to try to educate people on how to do this stuff.
So we did that and it was a way for me to learn,
it was also a way to try to get that to other people.
What we realized in the process, we did okay,
we sold like $20,000 worth of passes
to this educational tool where you'd get
like periodical tutorials, right?
Like so like, if you don't know what to do on Solana,
here is a tutorial where it literally explains
what the protocol is, you just click these buttons,
this is what you have to do,
these are the risks you need to be aware of,
So we did that, but one of the things we realized
was yes, it's overwhelming and that is true,
but the second thing we realized
is that people are just lazy, man.
People are just lazy and they're not gonna do it
because the only time we saw like inflows of sales
of our pass was around the times
when an airdrop just hit.
So say for example, Arbitrum drops,
everyone in the group makes a few thousand dollars,
some people make more, some people make a little bit less,
then we see like a few people buy the pass
because we advertised it again,
but then what happens is two weeks later,
everyone's just forgotten about it,
no one can be bothered anymore,
no one wants to do the stuff,
there hasn't been an airdrop in like three,
so it's like no one's gonna put the effort in anymore
and this is like a long game
and what people are gonna realize is
you have to be participating like routinely,
and that's the best way to get exposure to this stuff,
like routine over and over again exposure.
So like making sure you have the favorite decks
that you might wanna do a swap.
Instead of doing it on Uniswap for example,
go over and do it on one of these other protocols
that doesn't have a token yet.
So it takes a hell of a long time to set up
who don't know like what to do at the start
because it's so much effort
to get on top of it at the beginning.
Once you get on top of it though,
just like anything that you do in life,
once you get on top of it,
it just becomes a little bit easier.
Man, you sick, sick bastard.
I'm so, you're farming like 35,
also right as you're speaking,
friend tech just fucking dropped a high two
and I hate it, actually I hate it.
It says a high cool about friend tech V2,
money, clubs, points will have a point,
Bro, if there's no way, there's no.
Okay, that is unacceptable.
There's no, I just quote to you that said
we don't want more fucking points, drop the token.
And no poetry, no poetry when it comes to points.
Yeah, I mean what gives with you people?
I think people get off to this shit.
There's no way we just farm points,
dropped everything we were doing
from friend tech points for six months
just for them to announce points for our points.
I mean, do you see what's happening here?
Be checked, do you see where this is going?
Do you also see that you are part of the problem?
You came in with your CVS receipt
of the 29,000 protocols you are farming.
You are part of the problem, do you understand that?
Yeah, I take my share of the responsibility.
Okay, and what are your thoughts on points V2 for friend tech?
I mean, friend tech appears to me to be like,
I don't know if anyone is even going on that thing, right?
Like, it was a cool idea.
I don't know of anyone still using it.
So it would just be like,
it would be like the tree that falls down in the forest.
Will the like, do the points exist
if no one's counting them?
Friend tech should hire me, bro.
I'm dying to work for a social platform
Friend tech should fucking hire me.
It cannot pay me in points.
I will not accept points in salary
or payment or compensation.
I will accept tokens as payment and compensation.
Friend tech should fucking hire me, dude.
I just can't, I just can't,
like the points thing is just so,
all right, let me ask you this, be checked.
I got to give you some props.
I'm calling you out, but I ain't giving you props as well.
Cause you're going to be able to pay rent
with like free air drops.
How many of the protocols that you're farming,
I think you mentioned like ballpark,
like 20 to 35 on that CVS receipt list.
How many of them do you think will actually have value
as in what percentage will actually drop a token?
And then what percentage of the ones that drop a token
will be worth like more than 50 bucks?
Well, say like, take it one example,
Celestia, which I bought a little bit of
at the start of the year, maybe in December,
I bought some like already the dimension air drop,
which was going to Celestia Stakers
was already worth more than 50 bucks.
Like that was a reasonable amount.
And so that's like already out of the gate.
Eigenlehr is a really good one.
The restaking narrative on ETH is going to be really big.
And there's, and then I think there's one tomorrow.
So yeah, Oltlehr have announced that they're doing
a air drop to Eigenlehr restakers
and actually Celestia Stakers as well.
So I think those are going to be pretty good.
But in the end, it does depend on the size
that you're going in with as well, right?
So I think blast will be a good one
for people who've entered in with a reasonable amount.
It does matter on the volume that you're doing,
the amount that you're doing
and how routinely you're going to do it.
So ultimately, if you think that there's such thing
as like completely easy money,
it's very, very unlikely like the Jito air drop
which happened in I think December for Solana
where I literally had put in, I don't know,
$50 in this stake Solana staking thing.
And like everyone got like 15 grand.
And like, that's very, very rare.
And I don't think that plays out often.
But the point is sometimes it does.
So you got to play the game.
If you want to be in the game, you got to play the game.
Cause they're not going to stay in front of the tech.
Can I ask you a question slightly off topic?
You're already asking the babies to go ahead.
It better be, if it's off topic, it better be good way.
I'll tell you what, my brother.
I want to ask you a question about something
that hasn't been released yet,
but it seems like it's coming close.
Something that Banks is building.
What's your thoughts on fake money?
Um, no, I'll be holding on.
Well, I fucking gave you the call.
But come up here where you're having a good conversation.
You know, some questions on the left field.
I mean, what do you want from me?
Give us something and give us something for you.
You got to tag him in a tweet or something.
I got absolutely nothing for you.
Uh, how am I supposed to answer questions intended for him?
I don't know what I'm supposed to do with that.
But look, you live with him, don't you?
On that point, I don't, I don't get alpha for you.
What do you want from me?
What do you spend in a tweet?
Um, double, I'm going to throw it to you double
and we'll go to some of these hands.
I mean, double, let me ask you this.
I'm trying to get the full, the full spectrum here.
We got B check somewhere far on the right curve.
He's farming like 30 to 45 protocols.
So someone in the left curve, I kind of want to get some,
I mean, double, are you actually farming things right now
Yeah, I mean, I started doing a few things here and there,
like Celestia and stuff, but I kind of feel like
it's probably better just like most things to focus
on one thing at a time and go big on it.
If you're going to farm it rather than throwing, you know,
specks of dust on each one of these things
maybe grab one that you kind of understand,
learn more about it and then farm that thing.
Um, I was actually playing Nifty Island.
I was skeptical about it, you know,
tying back to the gaming stuff.
because you're basically just farming this island token.
No one knows what that is.
You're collecting some kind of weird points.
I was like, this isn't going to be cool or whatever,
but you know, I gave it a shot, played it.
At the same time, you can farm the token.
So if you're into gaming, why not focus on that,
build your island, you know,
try to get people to come there,
farm as tokens and things like that.
So yeah, I agree, but sometimes I feel overwhelmed
one or two and just grind them out.
Hey, Doug, you think I could say friend tech?
I don't know about the tokenomics there,
but I think in general, the product,
you could do pretty well.
We said I could do it pretty well.
What do you mean by that?
Okay, let me, let me ask you this V-check
and I'll go with some of these hands.
So these companies, these tools, these protocols,
these gaming platforms, wherever,
they come to me and they're like,
all right, I need your advice, yada yada.
Okay, what's your plan to get users?
What's your plan with the points?
Well, we don't really have a plan with the points,
but sort of just dropping points
and then pushing the token off for later.
Like what is the alpha here?
Like, do you think this strategy is going to work
with these vapor points that have no token attached,
that have no plan to have a token attached,
that haven't even considered having a token attached?
You know, like right now,
people still see points their eyes light up a little bit.
You were just talking about it.
Like are vapor points with nothing attached attractive to you?
Like what do I fucking tell these,
these people that come to me and ask for advice
and their plan is to drop points with nothing, with nothing.
I think it completely depends on the protocol.
Like if you're saying that they're ultimately good protocols,
then yes, points will be worth something
Like, but if they're saying their strategy
to get anyone to use their protocol
is by doing a points thing.
Like the points thing is user acquisition to some extent,
but if there are no users or very, very few users at all anyway,
like it's not going to save your product.
Have you had that expression?
I might just completely make it up.
I don't know if this is what people say,
but to do with marketing where it's like,
what the hell is the expression?
It's like, you can spend as much money
on marketing as you want,
but in the end, it will just expose a bad product.
You can't completely paper over the cracks over a product.
Say you do loads and loads of marketing
and you spend loads and loads of money
and so you get all of the attention on your product,
but if the product isn't any good,
then it's not going to come to anything.
All of that money will be spent,
money will be wasted and all that attention will be wasted.
And in the same vein, okay, cool.
You can run as many points, programs as you like,
but once you get that attention
if the underlying product's no good,
it's not really going to make a difference.
So the cool thing people need to keep in mind
is to assess that at the front end
and be like, well, is this a good protocol?
Is this a useful product?
If so, then yeah, I can play the game
and I can try to get some points for it.
I think that's very fair.
Also, you totally made that quote up,
but it was a good one, so shout out to you for that.
Pudgy Pops, although it's you,
we'll go to these other hands.
I mean, what are your thoughts on my first?
What's going on, thread guy?
I am in the same field as B-Check.
I think that the points of,
although of course we are seeing a little oversaturated,
I do believe that if it is a good product,
It's not whose line is anyway, the things aren't made up.
I think that there's no better time
to be broke in crypto than right now.
If you've got $1,000 or less in your portfolio,
this is the best time to focus on,
like you can't be farming 30 different things,
but pick like a bridge, pick a deck,
pick a game, three to five things,
because if those points will,
for most of these products, they will turn into tokens.
And I think that there's no better time
to position yourself than right now
with a 5K or less portfolio
and actually engaging, putting volume,
because it is user acquisition
and that's what they're trying to get.
And if there is something like the Nifty Island
where they raised over 20 mil,
it's Blur Blast where they've got hundreds of million
those are going to turn into points.
And how many of us faded Blur phase one
and then ended up with 50 points and a couple grand?
Those things are going to be-
I don't know what you all were doing.
I was farming for season one.
A lot of people weren't though, right?
And you see Blur in eight open season launch.
I think Blast has already got
the second highest TVL out of any layer two
and it hasn't even launched yet.
All these things, those points are going to matter.
Of course, the DEX number 15
that's trying to do a points program
might not see that same return,
but the creme de la creme, the top five, top 10,
those things are going to turn into points.
And I think fading points is really stupid
if you have a low portfolio value.
B-check, do you think it's unethical
if a protocol launches points?
No way, launches points and teases a token
to when damn well that shit is never dropping.
They have no plans to do a token.
Don't drop the token if you're doing points.
But they're acting like they are.
I mean, B-check, is that unethical?
I think in this space, if you're not going to do a token,
then yes, like you, the whole,
we know what the game is here and we're willing to play it,
but Lord above, if you don't do the thing
you're supposed to do after stringing people along,
that is absolutely not okay.
If they're fully transparent at the start
and say, look, we've got some loyalty system,
but there will be no token,
if they say that in those words, then fine.
But if they leave it open and they're like,
yeah, it's a loyalty thing, we're tracking,
especially if they say there's going to be a DAO
and things like that, then yeah, that's a bad move.
I've gone to the point where when a project teases a DAO,
I just don't even wait for it to fail.
I just sell everything and run.
Let me throw in the swag real quick
and then we'll go to K-sensei.
Don't say that word ironically, please.
Actually didn't, it just came out.
But yeah, points are cool and all, but we want the tokens.
I think it's a really great way
for people to get exposure to things
without having to put more money on chain.
But to Bchek's point, like you want to do it in a way
that makes sense and is going to add value
I see the hawk down there throwing up hearts.
That man is the ultimate far more.
If you're not following him, you need to.
His name is Pack Bag Points.
But I also wanted to share something
because I know a lot of people are new to ordinal space
and may have just became eligible for the rug airdrop.
That's definitely one not to fade.
I shared it's two back on the jumbotron.
No, this is, so you've got the RSIC airdrop.
What kind of airdropper are you shilling right now?
I'm just trying to help y'all.
What are you killing, Swat?
It's for the puppets, Fred Guy.
We've got another one, baby.
We've got another one, baby.
Yes, but there's, so it's a little confused.
Come on, give me some office, Swat.
That guy from the cabal that-
Yo, lock in, lock in, lock in, lock in.
The guy from the cabal that you Bongo's ass.
I mean, it's co-host or something.
With Saturn, when you connect your,
you have to connect the wallet
that contains the eligible inscription.
Once you connect it, there's one additional step.
You need to fund it with 100,000 sats,
which is about 24, I forgot what it is off the top of my head,
So there's two ways to do that.
When you first connect your account,
it's essentially just a listing of all the UTXOs
in your wallet, which is very confusing,
but you can go about it another way
and you just send in the 100,000 sats
instead of selecting one of your UTXOs.
So I highly recommend doing that
so you don't accidentally select the UTXO
that already has an inscription on it,
but definitely do not fade the rug airdrop.
It's going to be the first token
on the Saturn new metaprotocol on Ordinals,
which is essentially like an easier protocol
to do airdrops and to do things in Ordinals
without having to incur a lot of the fees.
So yeah, if you're eligible,
definitely don't skip that step.
Dan, this dropped like weeks ago
and nobody told me about it.
Bro, I've been like commenting on your shit
with this exact link and you just,
I don't know, you just ignore it.
It kind of looks like a scam.
It does look like a scammy, but yeah, D-Y-O-R.
It totally looks like a scam in the rug.
It's important to mention that Saturn and the protocol
is being built by the people that work on Bonk.
It's pretty much the same people.
That's one of the reason it's super bullish.
We actually hook you up with the airdrop
The Kabul Commission, DMU, and you give them your...
Remember when I thought for your wallet.
Oh, that's what it was for.
I still gotta go through the steps,
but I got a couple more days.
So should I keep on going, bro?
Hey, really quickly before we close the loop
All right, I'm obsessed with Socialify.
I was going, Leap was like reading my titles
for the last 100 spaces I've done.
The titles are fucking hilarious,
but there was a stretch where I did 15 titles in a row
that had FriendTech in it.
Bro, I don't know what to say.
I fucking love, I loved FriendTech.
I'm hype about Socialify.
Somebody's gonna do it right.
It was actually the worst thing I ever did.
I went on a tweet storm for like three days.
All I did was tweet about somebody hiring me
for the Socialify platform.
Someone hired me for the Socialify platform.
And then I got on a call with basically
every Socialify platform in fucking crypto.
And 99% of them are just running back FriendTech.
They're just trying to run back FriendTech,
compete with Twitter, social feed.
It's just not gonna work objectively.
But I am so fucking bullish on the concept at heart.
This is what I wanna ask you, BTech.
We can go to a couple of hands and we can move on.
If I give you a blank check right now
with an empty bank account,
could go unlimited dollars in the bank account,
do you think you could say FriendTech
or is that just absolutely cooked
past the point of no return?
I'm talking like OG Bitcoin whale check
10 fucking figures in that bank account.
Are you saving the platform?
Well, I mean, what, you can just pay people to use it?
Literally give people money to use it again?
I can't see a world where people would go back to it.
You'd have to pay an extraordinary amount
to get influencers to just use it again.
But the model was, to be clear,
I know people got excited about it at the time,
but the model was deeply, deeply flawed.
And there were a few people who were saying,
well, where did people think it was going to end
when people were trading their friends?
So, I mean, all it would be is you pay people
to repeat the exact same cycle
and for it to happen again.
You can't extend the three, three forever.
My thing on it though, like, okay,
you said it was doomed to fail
because people were trading each other.
I tend to think the reason Socialify is inevitable
is because that feeling you get when somebody buys you
and or sells you sticks a little too much.
Like, you think about it a little too much.
They're like, oh, word, Kevin sold my key?
Like, I just launched and B-Tech didn't buy my key?
Or it's like, oh, fuck, I thought I had B-foot double eight
but he just bought my key?
We're low key, we're squat.
Like, I tend to have felt like that feeling I got,
like watching like leap sell my key
and actually feeling it for like more than two seconds
is like a fucking, it just sticks with you, bro.
Like, it genuinely just stuck with me.
And I also think CO had some like goaded writings on it
that if there is like one Socialify platform
it sort of acts as your like digital reputation score.
Like, your sort of like price
in the people that are willing to publicly hold you
versus the people that are willing to publicly sell you
versus the people that are willing to publicly support you
is sort of like one of like a few solutions
for like an online reputation score.
It's a little like Black Mirror-esque,
but it's also like, it's kind of necessary
because right now the only way to do like online reputation
is like your followers, your engagement, your mutual follows.
I mean, you could spend like a couple hundred bucks
and run up a hundred thousand followers.
Yeah, the engagement isn't real,
but like it sort of is not exactly
the most buttoned up way to do it.
And so the online reputation angle
where it's like if there is one social fight platform,
we can sensitively agree like is the platform
and your actions on that,
the people that support you,
the people that buy you, it's sort of,
I don't know, like it's sort of like a social signal
of your reputation online.
What do you think, Biche?
I think that, look, I agree with you
that there's some principle there
that's kind of interesting,
like socialize a principle,
there's something interesting there.
The thing that I wasn't so sure about,
and I'm sure there's smart people than me
who'd like justified why it was necessary,
but I don't know why the bonding curve was necessary
and why it had to go up so steeply
so that every new person that wants to buy your key,
they have to do it at like a significantly higher price.
Like I just thought that made it so much more dangerous
and so much more dangerous on the sell side as well.
And then that kind of introduced too much danger
I think there could be something cool.
I mean, in many ways, NFT projects,
especially when they've got like a really strong founder,
are kind of social tokens for that founder,
for that idea that you're kind of coalescing around.
But there's like a fixed supply
people tend to have always bought at the same time.
And then you can kind of create a market after for it.
So I don't know, I think there is something there,
but I don't think it was executed in the right way.
Okay, what if they got rid of,
what was it, was it 10% in and out
I can't remember, but it was five.
It might've been five, but we're gonna lie
Okay, imagine you could set your own fees
and you could set your own bonding curve.
Like you could control how steep
or how linear the bonding curve went up and down.
Do you think that that would have changed
the trajectory of friend tech?
Oh, well, I think sometimes you need to see
these things play out and see them do badly
before you're able to get to like a better conclusion
So does that mean that it would have been better
under those circumstances?
Possibly, but I don't think people
would have done it responsibly.
I think it would have been too much
for people to kind of get their heads around.
I think at the beginning,
you need to start with like a straightforward product
where there's like a certain number available.
Everyone can buy the same thing
and kind of like how we started with NFTs.
It's like, here's the supply,
here's how you buy, do that.
Right, now in 12 months time,
now we've got blur and you've got bidding pools
and you've got loans and you've got blend
and you've got like NFT fire, whatever.
You can do those things after,
but you just need to do it one step at a time.
Okay, I think that's fair.
Look, I'm gonna throw it to Bongo
Yo, I don't think the economics.
No, who the fuck just did that.
Sorry, I just had to get them back.
I don't think the economics matter.
Like asking if the economics were different
was it was gonna make it work?
No, none of that was gonna make it work, right, guy?
Then numbers at first got people in
and they were trying to farm for a token.
But the reality is that nobody
is going to use a platform like that.
Like having social media is hard spot.
Creating a network fed, it's hard.
So I'm not ever going to be bullish
in any web free product that is trying to create
the next social media platform
You're actually fucking bullish
when they're giving you points again.
You're on there farming weed potatoes
like a playing power world though.
I feel like you will be bullish
No, I mean, maybe because of money.
But we're like in terms of the product,
I don't give a fuck about it.
We only go there for the points.
We're just farming that out.
We don't want to use it as a product.
Okay, I strongly disagree.
FriendTech, the product sucks for sure.
There's nothing you can fucking do about it.
One of these protocols is gonna hire me.
CMO and I'm not talking chief meme officer
and we're gonna fucking run this shit back.
Like you've never seen it.
I mean, five months is better you can say
about basically every protocol on CT.
We're gonna be back in black with my Cadillac.
Kevin, I'm skipping the line.
I'm skipping it to go right to you.
What is going on, Kay Money?
Dude, is it a bear market?
I'm just kind of confused.
Like, you know, we're talking about social five
when you know, WIF is sitting at 350 million market cap.
Yo, can I be honest with you?
Can I be honest with you?
Like, why are you so out of touch, dude?
Can I be honest with you?
Because I would love to talk about WIF.
I love talking about your tokens.
I'm not even gonna lie to you.
When I saw a video of you and Anselm just in fast eddies,
like firing with thank you WIF in Vegas,
I like rushed to my phantom wallet.
I sold every single Solana token I had left,
Like, I think there was like a 74 cent WIF transaction
that I actually submitted on Jupiter
That's me being honest with you.
Well, I mean, you know, I wouldn't expect anything less
from the guy that faded Pepe at two mil market cap,
the guy that faded MOG at 300k market cap,
the guy that faded WIF at two mil market cap,
the guy that faded Chonky at 300k market cap.
The guy that did not fade top G at 1.4 though.
Wow, Michael, Michael Jerome, dude, you got into top G.
Wow, dude, I'm so impressed.
Now I understand why, you know,
you're grifting so hard to get a social fight deal.
Friend tech, give this kid money
because he's unable of making it on his own.
So he needs to take all of your money during your TGE.
You can't spell TGE without TGE.
Drug guy doesn't even know what a TGE is.
All right, is Drake gonna tweet about fucking win or not?
Dude, bro, he's selling hats.
What more do you want, dude?
Yeah, but there's no ticker on it.
It says fucking, I need a back to win.
For some weak ass, come back to weed.
Fine, here, I'll work it out, I'll work it out, okay?
How about I will spend the rest of the day
engagement farming the steak in turn?
I mean, maybe, but I didn't buy any, gang.
Well then, gang, why are you over here fucking, you know,
What do you have in the market
other than fucking MOG coin?
I don't even know what I got.
I don't even know what I got.
You worry about making those little goggles go up
and then we'll talk about what I have, all right?
Wait, wait, yeah, do you still have your mutant ape?
Don't worry about what I got.
I'm looking at the audience right now.
But anyways, yeah, so I no longer am an NFT guy.
So if you guys, you know, see me in these spaces
with these crowds or these thread guys and stuff,
But no, yeah, Michael, social fi, yeah.
Fucking great, great convo.
Love it, man, thanks for having me.
Okay, B-Tech, let me ask you that.
Are you, are you, you're farming every protocol
under the fucking sun, L1, L2, L3, probably farming L4s
before they even come out.
Are you buying these Solana shit coins?
Like, when you see Kevin firing in Vegas, thank you, Win.
Does that encourage you to buy the shitters or no?
First, it's funny how the number of protocols
that I'm farming goes up every single time
It was like 21st, then 25.
I'm staring at this Google sheet and you're like typing in it,
adding new protocols as you're talking.
So the Solana stuff, no, like I'm not a great meme coin
trader, so I tried to stay out of it.
Although I do, I did want some exposure at the beginning.
So I bought like one or two and just buy and hold,
which is kind of a dumb strategy,
but it was like an amount that I'm comfortable with
to be like, well, we're not at the top.
So if this goes, then it goes,
and I'm not trading on price, I'm trading on timing.
So yes, a good moment to sell would be
when you see some of the main characters
partying in Vegas, I think,
but I still don't even think that's the top.
So I think we've got a bit more time still.
I don't really know what I'm looking for,
but I just feel like it's not yet.
Okay, I don't even know what I'm looking for.
I just feel like it's not yet.
I've definitely felt that one.
I'm looking for this tweet.
Young dudes who get rich from shit coins
and then make their entire personality
about going to clubs and getting fucked up 24 seven
should not be your role model.
Last time we talked about Anita Max Wien.
All that tweet showed me is that the old guard
is fucking pissed, bro, because they all got lucky.
They were all early in 2021.
And now they're watching a new group of individuals
fucking dominate on chain while they're over here
fucking bridging and fomoing and missing out on doing this.
And they're just doing everything they can
And so like, they're just fucking coping.
So are you a young dude who got rich from shit coins
and made your entire personality about going to the club?
but I'm also the youngest person you've ever met.
That's what I've been told.
No, I didn't know this was about you.
I mean, it's, bro, like it's about me and Anselm.
Like who the fuck else would it be about, bro?
Like, like, like motherfucker posted that after like-
I thought it was about Lee.
Personally, I thought it was about Lee
because we've been drinking a little tea.
We've been doing a little too much partying recently.
Yeah, like maybe just see like, you know,
who posted themselves at the club,
getting fucking bottles with tickers on it.
Like right before that tweet was generated.
I've never had a problem with Ds.
So, damn, I almost told you so, B.
Kevin, do you remember the last time
that we did tickers on the club signs?
It was thank you Pepe, and that was the top as well?
So notice this, notice how like,
here's the difference, bro.
Ah, God damn it, Michael.
Like, I hate having to teach you this stuff.
Okay, so the Pepe bottle was a top signal
because it says, thank you, Pepe.
It's alluding to the fact that I sold, right?
None of these said thank you in Vegas.
Yeah, they said Anita Max win,
fucking dicks out for Harambe,
fucking, you know, gently,
that was like my favorite bottle sign
because, bro, people saw that and they were like,
why the fuck is this like group of fucking bros?
Like, just like having like,
these poor women hold a fucking sign
that says 2001, gently used Honda Civic.
Those are not foreign women's key money.
All right, here's my question, Kevin.
So we talked about this the other day.
What are the chances that Drake,
at some point, mentions ticker win?
I gave it, the day the fake intern was tweeting,
I guess the first and only day,
I gave it a one out of five at best,
like a soft 20 that he did.
Where do you think that is on the scale now?
Like, what percent chance do I think that is to happen?
That it gets mentioned in any capacity.
But like the ticker, like ticker.
Okay, so my contract address-
Here's the way I work, okay?
So here's the way I work.
Like, if something is in like my top five,
like if something's in my roster,
you know, my fucking starting fucking team-
Hey, you don't got no fucking roster, dude.
No, hear me out, I got a roster on every chain, okay?
So if something's like on my fucking, you know,
my starting lineup on a fucking chain,
everything, like every possibility of like
whatever the most delusional thing for it to go up,
it's always a hundred percent, dude.
Like, I'm not gonna do anything
unless I fucking fully believe in it.
So whether Drake on his own, you know,
fucking tweets the ticker,
or whether I have to call my fucking boys at T-Mobile,
fucking SimSwap him, take over his Twitter account,
and then post it on his behalf,
it's gonna get done, dude.
Also, that was a joke for any federal agencies listening.
And you're fucking funny, right?
Yeah, thread guy hasn't paid his taxes, though.
That was even a crazier joke.
Ha, ha, ha, ha, ha, ha, I love a good joke.
Yo, what the fuck is popping, King?
One, on the social vibe thing, bro,
it's just like, you go to friend tech,
you fucking type to the people in your little chat,
what the hell else is there to do, bro?
Like, literally, what else is there to do?
It's like, you need an activity or something.
Like, nobody is doing shit on friend tech
oh, you guys still got my key?
Like, that's how it works.
Yeah, that activity is going and fucking yourself.
No, I mean, like, that's not wrong.
I would not say that's wrong.
third guy, what's your fucking level on how world
and, you know, how many hours of the day
Way too much from level 20.
Hey, OG, I got a question for you, actually.
Curious, what's your favorite web through game right now?
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I'll catch you when I catch you,
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Love you, motherfuckers, have a great rest of your day.
Yay, pay me, pay me, pay me, pay me.