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Reality Check
Recorded: Feb. 10, 2026 Duration: 1:37:10Space Recording
Short Summary
In a dynamic discussion, crypto enthusiasts explored the latest trends and developments in the NFT space, highlighting the launch of new projects, strategic partnerships, and the evolving landscape of user engagement. Key topics included the Death Star project, the BaseApp's shift towards tradable assets, and the implications of recent funding initiatives.
Full Transcription
Some people call me the space cowboy.
Yeah.
Some call me the gangster of love.
Some people call me more trees because i speak of the pompadice of love
people talk about me baby
Say I'm doing you wrong, doing you wrong
say i'm doing you wrong doing you wrong
Well don't you worry baby, don't worry
Cause I'm right here, right here, right here, right here at home
Cause I'm a picker, I'm a grinner
I'm a lover and I'm a sinner
I play my music in the sun.
I'm a joker, I'm a smoker, I'm a midnight toker.
I sure don't want to hurt no one.
I'm a dicker, I'm a grinner, I'm a lover, and I'm a sinner.
I play my music in the sun.
I'm a joker, I'm a smoker, I'm a midnight toker.
I get my love
You're the cutest thing that I ever did see.
I really love your beaches, want to shake your tree.
I love it, love it, love it, love it, love it, lovey dovey, lovey dovey
All the time
Ooh, yeah, baby
I should show you a good time
Cause I'm a picker, I'm a grinner
I'm a lover, and I'm a singer
I play my music in the sun
I'm a joker, I'm a smoker, I'm a midnight joker.
I get my love and I'm on the run.
I'm a vicar, I'm a grinner, I'm a lover and I'm a singer.
I play my music in the sun.
I'm a joker.
I'm a smoker.
I'm a midnight joker.
I sure don't want to hurt no one. I'm out. People keep talking about me, baby.
Say I'm doing you wrong.
Well, don't you worry, don't worry.
No, don't worry, mama.
Because I'm right here at home
you're the cutest thing i ever did see really love your peaches wanna shake your
all right gm gm everyone welcome into the space welcome in uh got a lot of stuff to cover today
um is the music still playing yeah it was still playing it was like fading out okay i thought i
was glitching or something no no no no it's just um that's one of like the best indians because it
just kind of fades away but the music still, and we actually got it to go today.
But anyways, please repost the space live on KickX and Abstract.
I'm not live on Abstract, but Kyle is.
That's right, I am.
That's right, I am because the buttons, they do be working for me.
Yeah, and I don't get it.
But either way, I'll keep trying to click away and see what happens.
Plenty of posts at the top to dive into, a lot of stuff to cover today.
But yeah, GM, Kenny, what's up, bro?
Yo, good bro Yo good morning
Happy Tuesday
Yeah sorry I got something in my throat
And it's not what Kyle's thinking
Just trying to get things cleared
Way to get ahead of it buddy
Way to get ahead of it
Boy we gotta hold back on that one
Alright I'm back
Yeah that was not me
That was nothing that I was...
Yeah, I don't know.
Bro, I'm trying to figure out if I'm the only one that's been down bad on XP on Abstract ever since we staked our bears.
Because I just got 17K now, two weeks in a row.
The week prior to the last two weeks, I had 36,000, but that was the
birthday week of abstract that everybody felt got extra. But before that, I was regularly getting
around 25,000 XP, and now I've gotten 17,000 two weeks in a row. And I'm pretty sure this started
when I staked my bears. I don't want to unstake them as an experiment
because they've now reached the two-week staking threshold to get the i've got i'm getting a 20
bonus on my ticker burr yield so i don't want to unstake them to experiment but yeah i'm down bad
on xp i am gold three now though i made it made it. Yeah, it is gold three. Let's fucking go.
Nice. Good job.
Yeah, I went down drastically.
I had 10,000 XP.
Last week, I had 37,000 XP.
So, yeah, I don't know.
I don't know the
difference there.
So, be what it be
is what it is. Fucking abstract abstract i'm tired of motherfuckers
even in this abstract chat they're like oh try and log out log back in or try and clear
cookies and i'm like bro none of that shit works it's something wrong on the abstract side try
blowing in the cartridge i I did. I did.
I blew quite heavily and it just wasn't working.
Yeah, I don't know what else to do.
But either way,
right after the space, right around 1 o'clock,
Kyle and I are going to be
streaming with Sago
and we are going to be
covering, I have the tweet pinned up at the top.
Make sure you guys tune in for that.
I'm excited because this is,
I was not really aware of this.
It's a, what would you say?
An IP based on the genuine undead IP.
It's like a 15 minute short film.
It was created by some very talented guys
and i've not seen this yet but i have seen the nfts that are like i don't know if they used ai
for these or not but they are fucking cool looking and they are like futuristic genuine undeads dude
yeah i'm pretty stoked to watch this film later i almost watched it uh ahead of time but i feel
like if we're gonna stream the whole thing it'd be more fun to just like watch it live and react
to it live for the first time yeah yeah and that's that's yeah i haven't watched it yet either
uh but definitely gonna be doing that today at one o'clock it's gonna be a stream only
because we are watching something so no point in having a fucking space
um gonna be
streaming that talking to Saigo trying
to uh figure out
how he came up with this but yeah it is
inspired by Genuine Undead
uh but he does have a collection
Undead 2043
and we're gonna be giving some
of those away in the
stream so make sure you're there for that.
Active in the chats.
And I am currently saving this photo of the one.
I'll put it in the comments, and I'll pin it to the top
so you guys can see the art.
Give me just a minute, and it'll be pinned up top.
Nice.
But, yeah, so join us at 1 p.m.m eastern it's probably going to be about a 45
minute stream nothing too crazy long uh and um yeah i mean he's won awards in japan and he made
this this um this graphic and i'm actually seeing something for Prime Video. So you got second place and then something else.
All International Film Festival.
Like, yeah, I'm really curious to see what the fuck this is about.
I'm excited about it.
So, but just, yeah, make sure you join us over there.
And yeah.
But anyways, a lot of stuff to get to.
I'm trying to figure out where to kind of start because we're going to be
like bouncing around from,
from abstract to ETH to mega ETH.
I would say while we have wheels on stage,
let's cover some mega ETH stuff.
A lot of people shitting on mega ETH on the timeline on my timeline,
because they're saying mega east platform reminds them exactly
just like abstract that is the same thing about monad right everybody's launching their l2 with
basically a very similar you know abstract portal website which is look it's not a bad idea but you
got to have something novel too like there's got gotta be something new you can't just do the same thing as the last fucking l2 that launched and it'd still be cool like abstracts
portal was unique and new when they dropped with that portal and everything on there when monad
just did the same thing and now meg is just doing the same like i need something new and fresh
that isn't already on these other ones you know i'm seeing a lot like people saying you know try and run back uh the blast
kind of l2 moment with mega eth in the sense that you know there's a lot of stuff you can farm and
play places you guys saw adam hollander tweet about uh he made like 0.27 on the cool cats game
yesterday just fucking around with that um bro the cool cats game yesterday, just fucking around with that.
bro,
the cool cats game is an exact ripoff of death.fun and other games that are on
abstract.
Like it's,
there's only,
there's only so many times you can reskin something and say,
this is new,
you know,
before people are like,
well,
I mean,
is it really new?
that's the thing.
I mean,
L2 is there, you know, and L1 is like, there's so many variations of the same thing, just re-scanned and named something different that at some point people are going to get keen to it and be like, fuck this.
But I mean, look, I haven't messed around with it yet.
I'm definitely going to check it out.
out the rabbit hole i guess it's called um but yeah i'm curious to see you know over a week over
The rabbit hole, I guess it's called.
a month you know what type of numbers they're doing how many people are actually using it
uh because that'll be indicative of how the launch is gonna go i think yeah uh cool cats tweeted uh
cool cats have hit the streets on mega eth cool topia arenaed by Introverse, game is open. Pick your tiles, build
that multiplier, but don't hit the bad
cat. And like I said,
it is exactly
as death
the death game is on
abstract, except you're
just clicking cats.
The higher up you go, the bigger the multiplier.
The more you win.
Yeah, I mean, that's cool, I guess.
Damn.
I mean, that is nothing but extractive.
I'll say this.
We're at a point in the market right now where you know we're most likely gonna chop
you know majors are gonna chop over the next you know four to six to eight months who knows how
long it's gonna be and things feel like they're a little bit boring so you know you start looking
for other things you can do on web3 you know to potentially make some money defy activities things
that you can do to try and you know have some fun make some money along the way
because uh you know the price action on the charts aren't that great so things like this could get
popular if done right i just don't know how much of that this i mean we've we people have been had
the ability to play this same exact game for over a year right right out of a year on Abstract. So this has zero benefits to Cool Cats holders.
Cool Cats holders aren't getting any of the split of this.
I could have had a Claudebot build this probably in fucking 10 minutes.
That's fine and all.
I get what you're saying.
But people do enjoy familiar feeling things with their preferred IP stretched over them, right? I mean, the Blinko
is not a new game, right? It's Plinko, but with bearish IP, and I had a lot of fun playing that.
And to be honest, I would not have gotten on, I don't do a lot of these gambling websites. I
would not have gotten on a gambling website and played Plinko. But I like Bearish a lot.
And so I actually spent quite a bit of time playing that game.
So I'll play Devil's Advocate on this one.
I will say a familiar fun game with, you know, an IP that I like is attractive to people,
especially right now when it feels like everything's just nuking.
So the best thing you can do with your time is gamble.
All right.
So I'm going to quote Bread from 15 hours ago all right um he said we're heavily focused on bringing new net
apps and experiences to market but that ethos means we have a really high bar for ourselves
and the teams we work with that means uh they don't want to force crash like everyone going on the site live day one.
He said, we even pulled back a few apps for today
because they simply needed more time
and first impressions matter.
So basically, they didn't want to launch
like all their apps on day one,
but you like, I don't know,
choosing that fucking that cool cats like okay whatever
that's just kind of dumb but i don't want to be a hater but i do gotta say i will i i i'm with you
on that i'm just i haven't been i haven't been super attracted to the meggy thing like nothing
has it hasn't i haven't seen the shiny thing that made me want to come rushing over there.
Yeah, well, part of that, and Kenny was reading,
he was kind of quoting ICO Beast without giving ICO Beast any credit there.
Wait, what are you talking about?
Good job there.
Because ICO Beast put a tweet out that was kind of exactly what you had said.
Great minds think alike.
When you go to his,
when you go to his shit.
So whatever, bro.
But he was pissed off.
He wasn't pissed off.
He was just saying he was surprised.
He didn't see any,
any long articles or threads or anything that gave anyone, uh, an opportunity or ways to make
money like blast. And, um, but there was nothing ever out there. Like, uh, mega ETH never paid
any KOLs to, to post about it. It was just all natural and organic and, you know, bread and
them doing their space in the morning and that was it other than
that they didn't pay anybody so you know everything they're getting now is is all organic well look
there is uh as long as we're still talking about meggy there is this block zero uh meggy
x open c thing you can go mint one of those for free it's free mint open edition might be a good
idea just to have it just in case.
I don't know.
Maybe some airdrop, even if it's a small amount.
Who knows?
But it's a free mint.
Might as well go grab it.
I don't know anything else about the rest of these collections.
It does look like this World Computer Nietzschean's, whatever it is.
Yeah, Wheels is in on that.
Wheels, are you there?
Well, this has been minting pretty successfully, and it's almost minted out,
and it's not even at phase two yet, right?
So it's still in its guaranteed phase.
It does seem like this is doing volume.
The floor price is up pretty nicely.
Yeah.
103 bucks.
And by the way, this is the art that I was talking about the other day,
and probably people won't remember this,
but the other day I saw OpenSea post and then delete a picture this is that art that i saw and then
they posted about it again later but so you know this is this is uh potentially something
yeah wheels did you get your phase two mint or no i did nice yeah that's like fucking yeah two acts all for real i have been just dripping into these nfts i have currently
13. what i see this motherfucker on the leaderboard of holders bro he's top 10 wait yeah i see you
right here look at this guy you're like top 15. so i don't i just feel like these things are going to do well, right?
I mean, they're about to mint out.
I've been trying to hit.
I just missed one of these yellow vests, radioactive vests.
I have one.
But I think it's one of these that, like, certain traits are going to do well.
I have to say which ones.
But I think these things have volume.
I mean, they're almost at 200 ETH in volume, right?
Well, I think that's counting the actual mint though, right?
I don't think so.
Mint money's not ever included in volume.
But if you go look, you see people are minting right now.
And the actual volume is going up as they're minting.
No, because they're trading.
Like they're live trading right now.
I understand that.
But what I'm saying is I've seen that happen before.
I could be wrong.
There's a lot of fucking transactions on these.
Those are all mints on that.
Yeah.
Not all of them.
We're in the phase now where my whole screen's worth of activity is inside of one minute.
So, like, it would be impossible to see the volume not going up
while they're minting
because these are selling
every few seconds.
Yeah.
Bro, they might go...
I think these could go 0.1, 0.2.
I mean, these are literally
elvish m'ladies.
They look like...
Exactly.
These seem like the m'lady
fucking PFP collection
of Mega ETH right here.
So, you know how those
Romilio fuckers are
yeah i gotta say i like this better though and it's not just the same exact art style i mean
it's reminiscent but it's it's unique also so i gotta i i actually kind of like the way these
look i'm not gonna buy any of these but i do think you're gonna probably do pretty well on them. I wonder if you can get a rainbow one and convince juice to buy this at about 150 soulish
eat like comparison.
Let's see here.
What's the collection size?
4,000, just over 4,000.
Yeah.
500.
Yeah.
Relatively small.
Yeah.
These are going to go.
I mean, my thought here is that it's
a lower collection size some of these i was just picking up a few of these for under 0.05 like
we're 0.045 right they're already point mid 0.05s again um i mean we'll see a mega east got to push
something to i mean some of the biggest catalysts for abstract were like tramelio right i mean just
some bigger mints so we'll see how this goes i
think um my entry here overall is pretty safe but were you minting these i'm assuming i know i
minted one i've been buying off the floor from you know this one dude has 317.
it might be the team i think the team had there... There was a full-day team period of minting
where...
I don't remember exactly how many were minted,
but it was probably...
I'm assuming that's a team.
I could be wrong, but yeah.
I mean, 75, 75, 34, 32, 30...
The team phase had a 250 per wallet limit,
so I'm assuming they minted 250 of them.
Okay. But they kind of ripped the band-aid off right with the instant reveal so there's no like you know post-reveal dump it
just is it's gonna be for sure yeah people know what they're buying um sometimes that works in
your advantage sometimes disadvantage but right here it seems to be working well for them um well i mean and it's not minted
out yet guys and in eight minutes this thing mints the public at 0.035 each they'll be gone instantly
which currently right now is a 2x that's the time to buy i think like as soon as it's done public
minting that's when i think you can probably get an injury because it might jeet down i don't know people
want public will just buy the flip you know what i mean yeah but guess what guess i thought the
same thing and i ended up selling a fucking good vibes club that could probably sell for 10 eth
right now you know and i thought the same exact thing so yeah there was also a a cool down period of reveal you know so you want to sell before reveal just
in case there was a post revealed also good good vibes club is on main net ease right not an l2 that
may or may not be relevant in a week so you know it'll be relevant the team's pretty big yeah the
last thing i'll stay on this is like with the new chain you're always gonna
have new coins and some of these collections usually are magnets to new coins so could be
something uh from that aspect as well in terms of well that's what you know to show hold their
calendar isn't that what people said about bad buns though mark yeah yeah for sure yeah and that
and that's uh are you gonna try and get more of these if it gets to public i mean there's not a lot to be gotten here it's a couple hundred but it's five per wallet so
yeah even if he can snap you know two or three more that's pretty good i did notice really
ran out of mega eth earlier though like transactions started to fail um yeah so i mean it's uh they had a
can you just buy it with the eth on uh open c or do you have to actually have
no because they they use relay right so i try to go to actual relay it wasn't even going through
there um so i thought that was uh just something to to note there they they re-upped and it was
working again because i had you know eth over on base i was working but um yeah look i do think these are going to do well it's just i'm going to
play devil's advocate because you guys all sound really excited right now a pretty big devil today
i'm just gonna point out i'm just bullish on jpegs let's hear i love jpegs i'm just gonna point out
that this is a l2 now launching again after monad basically flopped
and vitalik came out and said fucking l2's again watched so just just pointing that out
question kyle here's the question it's not necessarily how sustainable is this it's like
how much can it pump once it's uh minted out that's that's the question well and yeah i heard
vitalik invested in monad or or sorry, Mega ETH.
And also, if you go on DeFi Llama, Monad actually has better metrics than Abstract in almost every category.
Okay.
I mean, I don't, yeah.
And that may be the case.
I don't know.
I thought everybody was laughing at Monad's like 18 transactions a day or something, but I don't know.
I'm up 16 16 on my monad
today let's go um let's go that's why the bottom ellie's screamed uh screamed about it all i know
is my milandax are hold on let's go look maybe i'm wrong maybe i'm. Maybe I'm up egregiously on my Milan decks right now.
And I just don't realize it for, you know, here's a real reality check for the Monad.
Oh, he said the thing again, dude.
You know, I wonder, because listen, Wab is such a great builder.
And I'm talking about Sappy Seals right now is because like, like I saw them do their test.
Nobody showed up for their test for the Omnia test or anything like that.
And like, I'm just wondering if they, if they if they picked a dud like you know what i mean because they have omnia
coming out it's this big like pokemon style game where you get to own the characters and stuff but
like i just don't i i don't see any focus or any anybody talking about it in the eco i don't like
you know the biggest thing that they had really talked about was when they hit the robux game and they got like a million
viewers or users and stuff talking about savvy seals specifically and yeah yeah just happy
specifically because i'm kind of worried about them you know i mean here's my thing about
where the fuck has wop been like he used to be like a main character on my timeline and now i
never see him you've been building that game bro they've been they've been doing a lot of stuff in the background to like help move forward and proliferate the
brand i just i don't know like did did they miss their exit you know like the seals went from being
like hovering around a 0.6 floor like running all the way up to like 1.8 a couple times the past
year and a half to like being worth 0.13 i'm gonna going to say it's when Camel left and Camel.
Did Camel pay you to say that?
Camel was the top and he left.
By the way, I am on my Milondacks from the last time I looked.
So I bought these Milondacks for $100 a piece.
When I looked at them two days ago, they were worth $ dollars and 97 cents they are currently worth seven dollars and 76 cents
so yeah dude monad's cooking dude let's go the last sale on the key indicator of monad
the last sale on these were two days ago oh Oh no, never mind. There was one for five hours ago
Short of that it was two four five five six
Yeah, these are fucking hideous
Hey now, I mean
Don't look at the rest of the collections
Don't you have some Emonads as well?
Am I wrong on that? I had some E-Monad there for a minute.
I touched that token.
I don't hold any now.
Oh, that was a token, not a collection?
My bad.
No, yeah, E-Monad was a coin.
You know what?
It did well.
I can't knock it.
They did manage to.
I don't think it, I don't know if it ever broke a million,
but it moved between, you know, a couple hundred thousand and almost a million for a while.
There was volatility.
There was upward action.
There was plenty of opportunity to make money on that.
So, you know, shouts to the guys that ran all of that.
You know, unless you're stuck holding a bag.
Yeah, well, you know, I mean, there's probably people out there holding the LA vape cabal ticker that are probably pretty frustrated also pete so you know nope nope you
can check the holders there's none oh this is a perfect time to come through and buy that token
and hit it up now run it up so yeah uh a lot of eyes on mega ETH. See what happens. No meme coin runners. Nothing happening over there yet.
You know, nothing to draw a big crowd.
So we'll keep an eye on that, Wheels.
I mean, it's about to go to public in less than fucking one minute.
Yeah.
And again, I'm just playing devil's advocate.
I like these.
There's obviously a lot of volume going on on them.
All the indicators are good on these right now.
It's hard for me to get
super excited about another L2 right now.
0.06c. These are definitely
doing well. Objectively, they are
doing well right now.
I would not sell any of these jet wheels.
I would sit on these. I sold my
mint one. I didn't like them. These are 0.035
and I sold them for 0.06.
There's a quick thing to go. 0.035 and i sold him for 0.06 so there's there's a quick
thing yeah nice uh yeah in the floor i'd get to point one soon a m'lady derivative on another
new vc-backed blockchain i don't that's correct sir yeah i don't know if i'd call these m'lady
derivatives chase the volume sir chase volume yeah you're right i wouldn't yeah they definitely
have the
M'Lady vibe to it. I've never seen them.
There it goes. It's minted out within
two seconds.
Yeah, I don't think it's going to
cause the floor price to drop
at all.
No. I think they're good.
Yeah, I think it's going to just keep
doing what it do.
Another big thing yesterday,
BaseApp coming out hot and swinging,
saying we're making the BaseApp the best place to trade on chain.
Starting today, the feed will focus entirely on tradable assets.
This means we're moving the talk feed
in favor of a feed of on-chain activity.
As part of the shift, we're also sunsetting creator rewards.
In the last six months, we paid out $450,000 to 17,000 creators.
The program will wrap up on February 15th with final payouts on the 18th.
So pretty big fucking news there considering that's what jesse and them
were trying that's what the base app was supposed to be was a creator app right kenny yeah and uh
wheels was asking uh about sora like is that because it was on what did you say wheels their pin tweet said it was on um
so it shows there's on solana now i don't know if like the entire at like ecosystem moved to
solana or if it's just one of those you can buy it they're talking on solana as well kind of thing
like um like pudgy's on uh or you know it's on abstract and soul but yeah i don't know if it's like that
or if it's like they moved everything over completely that's what i don't know yeah
um yeah i'm not 100 sure but pretty surprising move there uh for them to do that because
at that point doesn't it just turn into a social, what is it, a social deck screener?
Like,
what are they trying to do?
Does anybody have any
clue? I never fucked with
bass. I don't know why. I just never did.
I've got nothing for this because I
never even got on the
bass app. I never did any of this shit.
I thought Jesse replied to this uh or said
something about this um yeah he did uh but i fuck i forgot to go read it beforehand
uh we're making the base app feed tradable assets only which means turning off the farcaster powered talk feed uh here's why the app needs to have one primary focus
and that thing is trading when you open that base app you should know exactly what you're getting
and we're focused on making it the best place to find and trade every asset um
yeah i don't know it just seems like they're getting rid of the far caster side of things.
Well, I will say this, you know, with that recent AI surge on, um, base in particular,
there over the past week or so have been a couple rugs coins of like creators, very similar
to what happened with, um, what's his name?
Uh, Ralph, remember like the creator, likeclipped his creator fees and sold all his shit?
That happened recently on a couple coins over there.
Yeah.
There was like, you know, people created a token for an AI dude who was building a bot.
People created a token for an AI dude who was building a bot.
And then like the creators came in and basically like just like one clipped out.
The one I'm talking about was Closter.
It was like it ran up to like 16, 17 mil.
It's currently sitting at like $199,000.
But yeah, like the creator creator like one clipped out so i
don't know maybe this is a way to prevent that type of stuff from happening they don't want that
to happen i don't really know what the sole purpose of them doing making this transition is
but i mean that's what they were standing on there you know jesse was saying tokenize everything
any post you make tokenize they earn creator fees so yeah this is a complete 180 shift
from what they were trying to do you know six months ago but maybe for the overall better
effect on chain for base i don't really know yeah it just seems like they uh i don't know
didn't farcaster just get sold? Not sure.
Could have sworn. That old tokenized everything just sounded retarded
from the beginning. Like, even at the time,
like, old tokenized your tweets.
Like, dude, fucking, what?
Yeah. What?
Thanks for letting me relive that claw strategy,
Dom. I really appreciate that, Kenny.
Thanks a lot. Yeah, no,
I was just pointing out the obvious.
Yeah, the ghost and other profiles showing that one.
I thought it was safe.
But, yeah, I mean, that's that one.
It's not fun.
All right.
Let me get back.
We didn't really say what's up to Machiavelli.
Machiavelli, what are you looking at today?
What's good with you?
I'm looking in the mirror at this handsome fucking thing. You know what I'm saying?
Oh, my God.
That's it.
That's it.
No, man.
Honestly, I have a couple of events today on the other side.
We're doing the Nexus Fashion Week.
It corresponds with New York Fashion Week.
So we had a community showcase yesterday.
Today we're also having a community showcase at 3 p.m. EST.
We're featuring like the Stargirl Salon, Pixel Pals.
I don't want to forget any of the other ones.
Mars Cats Voyager, Silly Mutants.
I think you know the Silly Heads crew.
And then we're also doing some designers tomorrow at 3 p.m.
and Thursday at 3 p.m.
where designers came out and they actually designed wearables.
And they'll be showcased on runway as well on Thursday, Friday.
And then I have the Chaos Trials tonight,
which is a lore building and community event on the other side.
I don't know if you guys see the pin posts on my profile,
but whenever the other side released,
I wrote an overarching theme to the
fatui the first time user experience and uh the guy who's writing the canon over at yuga liked it
you know and so like each one of the challenge islands uh we call them chaos trials and there's
a storyline that goes to the chaos trials and then we every week on a tuesday night between 10 p.m
and 12 eastern we go i tell more of the overarching theme story and what's the community is really really like and
Then we go into the event we try to break the records and do all that work as a community
And just have some overall fun, you know
So man, you really get after it on the other side man. You are like omnipresent there
I was like almost surprised but not surprised when I came through the gate that the other side man you are like omnipresent there i i was like almost surprised but not
surprised when i came through the gate that the other day and you were just right there to welcome
me i was like holy shit dude this guy it's like living and breathing other side but it was a lot
of fun man so thanks again for that uh that experience it was it definitely helped well
listen man it's it's always about like first time you know what i mean and like how people experience
things and whether or not you're gonna come back back. And if you had fun or, you know, was it communal?
Did you meet somebody new? Did you make friends? Like all of those things like that you can do
IRL, like you're seeing like this, you know, transcendence of like almost like emotional
intelligence because you're doing it on a different type of a platform, like in a different
type of way. But, you know, it almost feels like the same kind of results.
So I don't know.
You know, listen, people can laugh at me, poke fun, whatever,
but I do what I love and I love what I do.
And I get fucking paid to do it.
It's tough.
That's the dream, right?
That's it.
Yeah, we'll see if Gilbert stops through today or not matt um he was you know he
was replying back and forth i want to be like because listen he sat on the show with me on
sunday he came into coffee with cap yesterday you know he he really talked about it in length
on our show and you go back and read the doc that they first put out about it you'll really know that it's like more to poke
fun at the space and like not really to like hurt a project or anything and if
anything they're providing a certain amount of liquidity to that project
because they're buying those NFTs and even if they sell them down even lower
somebody's gonna win in that deal, right? Yeah. Well, they're certainly providing volume, right?
100%.
I mean, if you look at the way it went down yesterday,
a bunch of people got the advantage of doing this little arbitrage thing,
but it really didn't.
I don't think it hurt the numbers more at all.
It did lower the floor price,
but that community was not going to let that floor price stay lower.
Yeah. You know what I mean? And so you saw a reactive situation. the that community was not gonna let that for price stay lower like it was yeah
like you know what I mean like and so you saw a reactive situation you saw the
rebellion you know being attacked by the Death Star and it's it that's how it
played out but you know looking right now like doodles is next yeah looking at
their site they They've got
Targeting the doodles next Yeah, I mean we'll see how you know
The floor crashes.
I don't wish that on anybody, but I would be just, oh, my gosh, you know?
Because that's, like, really not, the goal is not to hurt anybody in this thing.
I think that people, like, miss that thing because we're so protective over our bags or over the NFT project or collections that we're a part of that, you know, like, oh, how dare you try to lower my floor price 20%?
But, like, the whole objective here was to have fun, and I think that it's gotten a great response.
And, you know, for all terms of means, this experiment has been successful.
Yeah, I mean, whether people are pissed off about it or not, say it again.
How many moonbirds did they buy yesterday something like 50 plus 73
says the death star sold 73 nfts for a total of 74.13 if there aren't any nfts in their vault
right now though so they've well i believe it was like a lot of i read some stuff that it was all
bots that like were like bidding it and insta weaving them right after i don't know that's just one post
that i read yeah yeah there's there's several different convoluted stories but if you go up
i think henry's page or actually the page they put out an article about uh what's happened over
the past thing so like you can go straight to the source too um and everything's on chain of course
right yeah yeah obviously yeah yeah so, like, I just think that
I don't know, I like this
I like the fact that they gamified it
A little bit
And, you know, if you ask me, they did a good thing
You know what I mean?
And maybe not so much sense in the overall
Arching theme of how it was presented
And it's maniacal
And it's like, ugh, you know
Like, oh my god, this is but um overall I just I
don't know it made me laugh I like it I hope I think it all depends on your perspective right
like if if if if a project that I already own a lot of is on the chopping block here in the voting
I'm probably not a fan right but like I mean I'm looking at these collections they're the voting, I'm probably not a fan, right? But like, I mean, I'm looking at these collections.
The voting right now is between Bored Apes, Moonbird, Suzuki, Little Pudgies, and Doodles,
right?
I would like to have a Little Pudgie.
I kind of wish people would vote for Little Pudgie and maybe create an opportunity here,
right?
But if I was a Little Pudgie holder, if I was a Doodles holder right now, being as Doodles
as at 56% of the vote already,
I might not like this, right?
So, I mean, it is very perspective-driven as to how you're going to feel about this whole thing.
You know, what's interesting, though,
is as the collection price goes up, right?
You look at Bored Apes, what are they at?
Six ETH, roughly.
It's $12,000, I think.
Let's just say ballpark figure.
That's a $2,400 discount on, you know, an NFT.
Yeah.
If you're able to snipe one of those.
But again, you're going to be, you know, trying to bid against bots, you know.
Well, yeah.
And I think people probably have bots set up to grab the NFTs out of their thing now.
They've changed the way that the NFTs can be bought now.
After yesterday's experiment,
they did change it to where now you have to
hold a certain amount of debt star.
I think it's 5 million debt star.
Roughly about 3 grand.
It was $2,500
when I read that. It was about an ETH when I looked at it earlier.
Yeah, it was about an ETH.
You have to hold about an ETH worth of token, but
you are eligible for
the 20% discount on those NFTs.
So now they're,
they're funneling in towards the holders.
So for those collectors who want to collect and who want to be a part of
that,
like I guarantee you,
they're going to go,
they're going to go play this game.
It's actually at the current market cap,
it's,
you would have to buy 1.26 ETH of this token to be able to participate at this point.
So I don't know how I feel about that.
But you do have to do something
to solve the botting issue.
So I get it, I guess.
But you can just fucking
give your bot wallet
that much token too, right?
If you're going to pillage
a bunch of fucking ETH
out of the arbitrage,
then it's worth it
they burned 20 of the supply yesterday as well yeah that's that's huge you know 207 million
tokens burned already yeah so hey i'm looking at this tweet uh and i and i know they fixed this
uh already but quit put it out where the um where anybody with a moon bird could have effectively
harvested 20 of the contracts fees at any time that's pretty fucking wild i don't think anybody
did it but that's pretty crazy so quit found an exploit is that what you're saying? Yeah, yeah, yeah He found an exploit He told the team what was going on
Let me pin it
I'll pin it up here to the top
Yeah, but they, you know
They obviously fixed it right away
Because, yeah, had somebody, you know
Could you imagine that had happened, Jesus, that if one of the
Moonbird older wouldn't have claimed 20%
of that shit?
And, yo, that would have been
rebellion winning.
Yeah, it would have been pretty wild.
What's interesting is the top 10
wallets on Death Star
or Death Strategy, whatever it is,
own, what is that? Top 10 wallets on Death Star or Death Strategy, whatever it is.
Own, what is that?
63% of the tokens.
I see Henry the Great.
Oh, yeah. There he is right now.
I believe it's 63% of the token in the top 10 wallets.
And that's the top 10? Yeah. Okay.'s the top 10 yeah okay we got henry up here
right now what's up henry how you doing we were actually just talking about the death star amazing
man uh yeah hey uh happy tuesday thanks for thanks for having me hope you guys are doing good
machiavelli good to see you bro um yeah, yeah, yeah. How are how are things we're talking death stars? So happy to happy to talk
Yeah, I mean, um
We were we were at the time we were talking about quits posts and i'm sure you guys patched this or did whatever
I think he said it was fixed by the way like quit quits a legend, right?
He's just like a nice fucking person and he's like uh obviously a
hell of a dev uh he had contacted me yesterday and you know i talked with the devs and like
that was nice of him to do it was just nice of him to to to let us know like that was uh that
was great of him and it allowed us to to be able to patch it yeah he seems to be like the he seems
to be like the hovering angel over all the strategy tokens that have launched, whether it's TokenWorks, now this, and several other things that have been deployed.
It's like he finds it.
It's like he's a walk-in AI contract exploit, ZachXBT legend.
The guy is so fast.
I don't know why, for the the longest time i thought him and that uh
ox hot shot guy were the same person so i didn't like him and then then i realized it's not the
same person sorry dude i'm fucking retarded yeah yeah um yeah henry i mean look if i'm being honest
i thought this whole thing was retarded and gay when i first heard about it and then i kind of
saw how it all played out yesterday and it seems a a lot more interesting now. Like, I don't know. I think, I mean,
you tell me how you felt about it, but it seems like this actually created a pretty interesting
moment. And I mean, I don't know exactly what the intention of all of this was, but so the word
success, like, I don't know what the intention was to say if it was successful or not but it definitely like it seemed to generate a bunch of volume and and be interesting anyway
so like i mean how do you feel about how it went yesterday yeah you know um okay so to to kind of
like take on the it's retarded and and gay kind of comment um yeah dude it's it's uh and bro that's completely fair right it's
completely fair the the idea behind death star is that it's supposed to invoke something uh you know
and and not to sound like a broken record but it's supposed to make you feel a certain way
if it's fomo if it's this shit is the dumbest thing i've ever seen if it's fuck these guys if
it's i love what they're doing whatever that
emotion is it's supposed to make you feel a certain way and um because it made us feel a
certain way and and wasn't even sure how to feel about it right i mean i went through the same
process that everybody else would go through of like like what will this thing do um i think
yesterday what we saw because like you're not not 100% sure when you're making the thing, what are all of the gamifications to it?
Like I'm sure somebody like a guy like Quint could go through and think of every single scenario and probably have it all worked out in five minutes.
But when we launched it, you just didn't know exactly what would happen. And that's why, you know, we, we made some tweaks to the contract, um, last night and into this morning, uh, because there were certain elements of it that just like
didn't work the way we wanted them to work. And I think the cool thing about this, because it's
ongoing, right. It's a, it's a protocol that doesn't stop is that there's, there can always
be gamification to it. It can always be a cat and mouse game. Um, and it can always be gamification to it. It can always be a cat and mouse game.
And it can always be something that we improve on to make it more efficient, to make it better.
You know, at this point, one of the things we did
was to try to eliminate bots
is that you have to be able to commit
a certain amount of tokens to the vote,
which essentially locks up a certain amount of your tokens.
It's 5 million tokens
in order to be able to uh
uh to buy the nft off the marketplace that's one of those elements we can continue to tweak
whether it's the amount staked whether it's who can actually buy these things um and then we also
i was gonna say because that's that's about an eth and a quarter now right yeah and really the
market cap of this coin is i mean you, you know, it's doing well.
The chart. Well, yeah, the website says it's 622. The chart down here.
I don't know if this is accurate or not. It says it's 492K.
I was going to say it's in its infancy, though, you know.
Well, you know, that's that's the thing, Henry, is I what I will say is, yeah, I wasn't sure how this was going to go initially, you know, when I read about it. But what I do like is how quickly you guys have reacted to the feedback and kind of watching it.
Is this an ever-evolving kind of strategy y'all are taking of, like, constantly trying to tweak it to align more with the holders of the token and make it a more fair distribution to those people who are actually holders. I do like the fact that you'll up the amount of token you have to hold to delegate.
It seems like y'all are trying less than 24 hours later to tweak it
to make it as efficient as possible and as aligned with your community as possible.
Yeah, 100%.
Yeah, you're spot on.
And that's like, I've been on calls all morning
where we're just talking about all these things. And you don't want to, you know, some things you may not want to do super quick because we're, you know, we're not even 24 hours into it yet, even though we all know strategy tokens, you get a, you get, you know, a big uptick at the, at the beginning, typically.
the way this thing works and because uh the the collections that it uh that it targets is ever
changing uh this thing has the ability to kind of always be on whenever people not us but people
decide that they want it to be on and they want it to be working and i think some of the things
that we did like you know to your point with the token lockup yeah that's um that's something
that can and will change i think think, depending on how things look.
But yeah, I think the token lockup, we started at 5 million.
We're like, okay, we're going to try to get the bots out of this.
You cannot buy more than three times during a season.
So let's say somebody sets up a bot and they load it with 5 million tokens.
It's only going to be able to ever get three NFTs in that cycle, in that season.
And then the other thing that we did is we updated where the same token ID can't be bought within the same season.
Because I think there was one moon bird that probably got washed.
I don't, God knows how many times, a lot.
It got passed around a lot.
So that's one of those things that you know we're doing dude oh okay give me give me a second
here let me uh no no not you penny penny's mike was that oh sorry sorry so uh that's one of those
things that we'll kind of continue to work on and kind of continue to ideate on um and i think we're
going to be looking to maybe shorten up the
seasons as well uh that's something we're discussing not having like a three-day target
time not having a a three-day voting period so that's something we're looking at as well but
yeah i mean this is just you know uh this is just dude it's an experiment uh yeah so how do you i
gotta admit it i mean i i told you i had a negative opinion at first, but I've come around on it. I definitely think it's interesting. And dare I say, I almost feel a tint of FOMO.
I'm not sure. But yeah, it's cool that you guys are, you know, set up to iterate on it,
to amend things, change things as you go. It certainly worked, right?
I mean, it did things. it did things and stuff yesterday whatever the
intention was it definitely uh created an arbitrage opportunity for people it's uh it's
definitely been interesting and uh yeah man i i would i would say it's you know again i don't
know what the intent was it sounds like you guys just wanted to try something but i would almost
call it a success right i mean it's from a standpoint of somebody who's been eyeballing
a collection and wants to get in and it gets listed right like mean it's from a standpoint of somebody who's been eyeballing a collection
and wants to get in and it gets listed right like the opportunity is there like for if it's a board
ape and you can get a 2400 discount on a bayc that's a fucking deal right so in theory yeah like
it it could work out if if if the intention is to you want to be part of that community and you just got a great deal on nft um but then again you have to combat the the bots who are you know in it for the quick
flip um which could be detrimental to a floor price but so far so good i mean moonbirds are
doing just fine their their floor price is right where it was well i mean even the bots are still
only going to be able to get as many n NFTs to hurt the floor theoretically as the protocol allows, right?
I mean, the volume on the coin is what funds the fees that buy the NFTs.
So there's only going to be so many available based on the performance of the coin to begin with.
Like the floor can only get raped so hard by bots based on how the token does.
lots based on how the token does.
Yep.
Yep.
Yeah.
And, and, and, and to that point, one of those things, like I said, that we, uh, just
initiated is that the, the same wallet can only buy, uh, three NFTs in, in the cycle.
So that, that'll eliminate, like, you know, if we would have had these put in yesterday,
things would have looked a little different because I think it was Moonbird 79, 82 or
something like that got, you know, that got
passed around a lot. But, um, dude, the intention is in a space that sometimes lacks like some fun.
Uh, I saw in our community and I saw from other, like, of course there's like, no matter what you
do, uh, you're always going to have people who dislike it or they would have done it like this,
or they would have done it like that. And you guys suck and send them all to zero. You're going
to get that no matter what. Right. So in the end, it's just like having
a bit of fun out there, experimenting, taking something that we've got respect for in the
token works and the strategy tokens and saying like, OK, this is cool. Let's let's tinker
around with it a bit and let's do something a little bit different and let's see what
the reaction is. And the cool thing is, like, again we're uh we're 23 hours into the experiment we'll have a a new target which i think right now
doodles is in the lead on uh for the next season so we'll have another season which is another
opportunity for people who with the new mechanics like how does this thing work is uh we're going
after doodles it's a lower floor price they've got some of these anti-bot features in there now
like what's that going to look like and and you you know, in a couple days, we'll see.
Yeah, I mean, Doodles is definitely well in the lead at 56.75%
and Bored Ape right behind him at 30.44%.
So, yeah, I would think, I mean, Doodles looks like, you know,
obviously with a day and a half left to go here,
but it looks like Doodles is where the death star is heading next at the moment
yeah um let's go to hans real quick i think he came up had some questions on it hey what's up hans
yeah hi uh i came up to uh compliment henry on his persistence and the kong's team on
what they have done and the they went through the past year and then come up with this i mean you
can find what about the death star what you want i don't care but this team is amazing and these guys uh they went through
hell and back and and then they come up with this and i think that's worth a compliment
thanks hans dude i appreciate that no honestly that means a lot i think um for every hater out
there i i like for every hater there's a bunch of people who love us and still like, you know, have an affinity for the side of Web3 that we kind of that we kind of fuck with, which is sort of the degenerate chaotic side.
And I appreciate that. We have been through a lot of Kongs. We're a small project. We're not funded. We're just hanging around just like, you know, I see a bunch of the GU guys, the PFPs out there.
Like we're like a lot of these other projects that are just trying to, you know, keep the community active, stay in the mindshare and tinker around with stuff.
So thank you for those kind words. Yeah, well, I will say that from a mindshare standpoint.
I mean, it's all over the timeline, right? Everybody's talking about CyberKong's floor price on CyberKong's in particular is up quite a bit as well, too.
So, you know, you guys seem to be, you know, leading in mindshare floor prices up 21.6 percent, back up to one and a half each.
So, I mean, look, it seems to be working.
So kudos to you guys for trying something different.
Yeah. And, dude, you know, when I say it's not even about the floor price,
like that's great.
I'm happy for holders.
Anytime the floor price goes up,
right?
Like I'm always happy when you see anybody win.
And I had a bunch of people yesterday DM me and they're like,
dude,
thank you.
Like there was a bunch of people who yesterday and I'm,
I'm,
I'm genuinely happy for those people because like for so many people in
web three,
that's what you're looking for is just the next
opportunity to get a w so for any of those people i'm i'm happy if the floor price and cons is up
i'm happy uh we all know we all know like so many things are short-lived in this space so you just
try to appreciate and take those moments as you get them the nice thing about death star is like i was thinking about it last night uh i think the uh i think when the uh the market cap dropped to about 150k and i was um i
was at home dude long day right just long exhausting day and i was just like
man like uh 150k market cap and i just posted in our team chat i said you know what's fun about this
is like it's ever
evolving it's a it's almost like a strategic game right like it may they may count you out now but
you can be right back into the game sentiment changes on it and then the the the market cap
like somebody nuked it and i was like oh fuck but then i was like no what i just said like five
minutes beforehand about this being like a strategic thing that we can keep tinkering with still holds true.
So I think that's the fun part of it is like as we see how it works and as we see more ways that we can improve it and make it better and make it more efficient.
It's fun. And I was in some way like it was interesting to see when I how Moonbirds defended it, like they put out a bid wall.
to see when i how moonbirds defended it like they put out a bid wall um you know they were able to
take the you know we didn't come in with a nuclear bomb on moonbirds that's not what happened it was
a barrage and their shields held up they really did you know and you got to give credit to the
community and whoever stepped in on those bids but i think as we continue to tweak our strategy
we'll see if we're able to penetrate a little bit harder into stuff and see how it goes and see how other people do.
I'm going to come.
Look, I want to say something.
You know how much shit I've gotten for supporting the Death Star and being somebody in the NFC community and going around?
And I took back and I told everybody, I was like, you guys don't even know about the team.
You don't even know what really is going on. Y'all
are just seeing this overarching theme
and you're like, oh man,
fuck this shit. And really,
it's worked out pretty good. It's been
brilliant and I'm glad that
we're watching this play out the way
we are. I'm glad it's ever evolving. This keeps
things interesting.
This keeps things different
and I welcome this. You know what I'm saying? I welcome it all day long. It is interesting. This keeps things different. And I welcome this.
You know what I'm saying?
I welcome it all day long.
It is interesting.
Yeah, I appreciate it.
And again, I mean, I've come around on it.
I definitely didn't like it at first.
Now I'm very interested in it.
I'm curious, when it comes to the, for anybody that doesn't know and for myself,
obviously it started just like TokenWorks, 99% tax.
It dripped down to 10 we're at 10
how does what does the fee structure look like now so you what what exactly is that 10 going to
how does that break down yeah 10 so not 10 tax buy and sell 9 goes into the uh into the fund for
buying nfts uh and then 1 goes to dev fees uh so for like
you know development etc so very very similar structure to uh uh to punk's very cool very cool
and dude i was gonna make a point about what machiavelli was saying it's surprising to me
uh you know in machiavelli we talked about it yesterday, right? Like the one post somebody put out there about the pearl clutching is going to be like hilarious.
It's just like, I think a lot of people who don't put any face or voice behind the project just assume we're a bunch of assholes.
Like the, I read a post where someone's like, oh, we're just jealous of everybody.
I said now we just want to burn it all down.
It's like, well, no, that isn't what this is about.
This is literally just about us being in this particular lane, experimenting with stuff.
There's no deep hatred for anybody.
It's pretty neutral.
Like, I don't hate.
There's a lot of projects I don't hate.
Doesn't mean I love them.
But I'm not like, oh, my God, this is the second coming of Christ this project I'm just like this is web 3 and um
everybody is fine with the shit coins and the fuckery over there and all kinds of rugs that
happen on a daily maybe now on a monthly basis since things aren't so hot everybody is okay
with those kind of things and taking part in them but if you take something like this and you twist
it a little bit all of a sudden it's like I can't go there when in reality it's like no dude we're
just taking part in the space just like everybody else is does it seem diabolical to some people
maybe uh but in the end it it's it's it's provocative performative art man that's what
i think it's i think it's partially because this is like, and I don't mean this term negatively, but it is like an aggressive kind of a thing, right? Like
what it's doing is sort of aggressive. It's not about hate. That's not what I'm saying.
But I think like most of the aggressive traders are on coins now. They're not in NFTs. So most
of the people holding these NFTs are passive passive collectors and the idea of something a little more aggressive moving into the space can maybe make some people uncomfortable uh i don't
think that that's a bad thing but i i could see where you know some people that are just passively
holding nfts and kind of you know just have a more of a collector's mindset uh something like
this might make them a bit uncomfortable but But, you know, there's nothing wrong with making people uncomfortable, I don't think. Agreed. Yeah, I agree. And I think, you
know, to Spencer's post the other day on X where he said this is a gladi, you know, right. And
those who survive like the carnage or however he wrote it will lead the next run. And I think he's
right because in the end, it is an arena. Everybody is fighting
for mindshare. Everybody's fighting for their community. Everybody's just fighting to stay
relevant in a space that's often changing. Um, and so like, that's, that's a fair take that like
that's, it is aggressive, you know, in, in theory it's aggressive. Um, I think the first round so
far, what we've seen as a floor price old, I think the next round of it, we'll see.
But again, the cool thing about it is everybody just gets to decide.
Do they care? Do they not care?
Do they want to hedge their bet and buy some?
Or are they just like, fuck it, send it to zero?
And that's the beauty of everything in Web3 is everybody gets to decide what works and what doesn't.
Yeah, well, I mean, you've made a...
I don't know if I want to say I'm a huge fan, but I'm definitely, I don't know.
It's piqued my interest.
I'm going to be paying attention to it.
It's, see, I'm just, I'm trying to, like, I'm hesitant about saying I think it's like a net positive or use the word good, but it is interesting.
And I think that bringing, making the NFT space more interesting
is definitely a good thing.
Right, Cal.
And that's what I was going to say.
More so than anything else,
it's bringing some attention back to somewhat of a,
you know, the JPEG sector in general
over the past year, couple years,
has been relatively quiet.
A lot of teams have kind of gone into the dark
and not really done anything.
So just to see the attention being driven back,
like everybody's watching,
trying to figure out what's going to happen next,
that's good for JPEGs and NFTs in general.
So, you know, good on you guys
for at least bringing some attention back
to something different, something unique,
and we'll see how it plays out over time. But
hey, at least people are talking about NFTs again. And that's a net positive.
Yeah. And guys, your points are completely fair. I like the takes. I'm happy that people are just
able to say what they want and at least be able to have dialogue about it, whether they love it
or they hate it. It is aggressive. It's at least transparent.
You know, we see the aggressiveness of CEXs October 10th. We see the liquidations and the
fuckery that happens everywhere. And that shit doesn't feel very transparent, at least with
something like this that may feel aggressive. At least you know what it is. And at least we're
being vocal about it. And at least we're putting it out there and we're, you know, we're trying to
make changes that benefit the holders
and ultimately the token.
And then again, everybody just gets
to decide if they get to rejoice seeing this go to zero
or if this thing ends up being something
that remains and is used as a tool if it works, where
people are like, hey, put this project in next
and see what you can do with that.
So I'm here for it.
I'm happy to come back anytime and talk about it. I you guys bringing me up i'm not saying i'm leaving i'm
happy to answer any other questions but i always appreciate just having like a a a dialogue i
appreciate you coming through too i mean you know there's a there's different styles of founders out
there and uh i'm i'm always a fan of the ones that are present and willing to interact with people in
the in the broader community and by the way when by the way, I know you probably realize this, but just for clarity's sake,
I'm using the word aggressive not as a pejorative, right?
I think aggression is healthy and good in the right situations, in the right context.
And I do think that this has made the NFT space a subject of conversation here again this week.
Right.
Which is good.
I think it's a good thing.
So yeah.
Yeah.
I went from a fudder to kind of a fan of this thing, I think here at the current moment.
Well, hey, we, we always appreciate the opportunity to come out and talk about it and be able to share our thoughts and opinions on it.
And, you know, to anybody who knows, or
maybe a lot of people aren't familiar, like we've been through a journey. We're coming on five years
here in Kong's beginning of March. That's not the easiest thing to do in this space. It's not the
easiest thing to stay relevant and keep your community intact and keep people excited. And
that's always going to be our number one objective is always first for our community and then other people who are fans and want to take part in the things that we do.
So honestly, anytime we get any opportunity to show off Kongs, whether it's looked at in a positive or a negative light, we're happy to take it, man.
While we've got you here, I mean, I am curious just what has been going on with cyber Kong since, you know,
last cycle,
banana token,
voxelized Kongs,
all of that.
I mean,
I was paying attention then,
but over the last few years,
is there like a,
like a quick rendition of like what's been going on with Kongs that you
could run us through real quick?
Yeah.
Yeah,
dude,
all that stuff happened,
right?
We did our,
you know,
our Genesis Kong mint,
which were,
you know,
0.01 eth
uh back in the day that was the thousand of them we we let the community mint out our second
collection which is the baby kongs using our token at the time banana we did the vx kongs uh we were
kind of building heavily in the metaverse and obviously that's not gone so well so that was
a direction we went that just didn't hit um sandbox assets right have you guys considered like the
the ape the um other side maybe as an option and in lieu of the fact that that seems to be the more
relevant metaverse now yeah yeah yeah yeah yeah a hundred percent uh we were talking with ape
chamb and uh chatting with some people uh yeah dude would love to'd love to get. I mean, we've got 15,000 VXs.
We've got 20,000 Genkai.
There's avatars for all of them.
All have their own unique avatars.
So, yeah, we'd love to get some models into the other side.
That would be great.
Because, honestly, I think the other side is great.
I think one of the reasons why so many people just don't know about us is we fell off the face of the earth a little bit when we got uh subpoenaed by the sec that was january of 23 um and we had to fight the
sec for uh 27 months and and during that time i mean over two years in web3 is like what is that
like 14 years in real life and um during that time it's, really difficult to do anything meaningful because legal counsel
would be like, don't do that. Don't do that. You can make it worse. Don't do this. Don't do that.
And so we kind of were playing in Web3 blindfolded with like one hand tied behind our back up until
March of this past year. In that time, we were able to do some stuff on ordinals. We etched
rune number two. We did a massive airdrop
of prometheans that was all free to anybody who got one uh you know i think there was 21 000
promethean eventually ran to like 0.09 bitcoin uh that was a cool liquidity event for a lot of people
um but once we got our case dropped uh we were able to kind of get back into the saddle try to get our ecosystem back on track uh where we relaunched our token banana is now called kong there was a conversion of banana
to kong so uh our new token is kong we did a art upgrade for our baby kongs uh they're now called
cyber kong's evolutions if you migrate contract uh we built a cool discord trading bot called trench
bot so like if you're a
shitcoiner and you're in the trenches uh and you're using telegram bots we have a bot that we
made uh for discord and um you know now we've just been on a pursuit for like you know what are the
next kind of products that we can build what are the next things that we can do to deliver for the
community or to the wider web 3 space and And this was sort of like a,
this was just sort of like a side branch where we're like,
let's go down this road for a little bit.
Let's see if we can, you know, get some attention on Kongs.
Let's see if we can bring back some juice
into our community and into the space.
So that's a little bit of the TLDR
of the past handful of years,
but a lot of those past three years were spent,
you know, fighting the SEC. And we're happy to be on the other side of years, but a lot of those past three years were spent, um, you know,
fighting the sec and, uh, we're happy to, to, to, to be on the other side of that.
And, uh, I think that's just something a lot of people just don't know is how much that
really jammed us up there for a while, but, uh, but we're back and we're going to keep
trying to keep trying to, uh, you know, bring cool shit into the space.
Um, and I should say like, dude, we went down the route of trying the IP play.
We partnered with Adidas.
We released a toy with a major Japanese company
called Kawada.
They make nanoblocks.
They're like Legos in Japan.
So we've done all those things,
and we just found, like,
they weren't really meaningful within our community.
It wasn't, like, really our lane.
We love our IP,
but, like, we're not going to be the next Disney.
I think some of this has been just
us trying to find who we are
and get back to our roots a little bit of being
really active Discord
where a lot of alpha is shared
and people are degening into shit on a daily
basis all across the spectrum.
I think that's the lane that we're going
to stay in for a while and
keep trying to see what we can do to put Kongs on top. I like that. To be honest, I think that's the lane that we're going to stay in for a while and keep trying to see what we can do to put Kongs on top.
Well, I like that.
And, you know, to be honest, I think I didn't really know about the whole SEC thing.
I guess I probably did, but it just, like, wasn't top of mind at any point.
Honestly, I think, like, people should have really gone out of their way
to support you guys through all that because, like, you guys, you know,
the people that ended up getting Wells notices is because they were, likeblazing and you know those those fights needed to be fought on behalf
of the entire space not just on behalf of your project right so you know fucking respect on that
i think i think a lot of people uh when we came out that we were wells like i'm not saying people
didn't like our post like okay we like the post i think from the
standpoint of support um we didn't get a lot and i think what people didn't what i say didn't
realize is when we took up that you know we were offered a settlement by the sec which we
you know flatly rejected uh because what they were going after us for ultimately was that we received
royalties for the secondary sales of assets. And I think
people don't understand, like if we wouldn't have gone to battle with them for that issue in
particular, that literally would put everybody in violation of the Securities Act. Like if just
getting royalties from secondary sales is a violation of a section five. That's detrimental to everybody.
So that was a cause.
That was something that we knew we kind of had to fight for,
even though we are way smaller and way less funded.
That was something that we knew we had to do,
not just for us, but for the entire space.
And I say it and people may be like,
this makes no fucking sense,
but we did it for the opportunity to do shit like this honestly um because if if we didn't do that we wouldn't be able to do stuff like this
so we're happy that the tides have turned a bit on on that side yeah well my thing is it's kind
of interesting if you did if you would have accepted that settlement and then now trump's pro crypto in all of a sudden the sec drops every investigation
against everyone like it's like well fuck we just went through hell and you know and now everybody
else is just getting a all right bye sorry for messing with you you know dude it would make the
wildest documentary if people were on the inside
of what was happening behind the scenes at cyber kong's uh just prior and just after trump got
elected because this was literally a game that was coming down to like hours i mean literally hours
like trump gets elected and all of a sudden you're like okay well okay this is in november right
beginning of november and you're like well, we might have a chance here.
Like we might have a chance to just like get through this. But in fact, they came after us
even harder then because they knew that there was a chance that they were all going to be out.
And so they wanted, they wanted our heads on a platter. And I mean, they wanted us
because they would have taken that as a win. We would have had to get rid of our tokens. We would have had to pay fines. We would have had to do all of this shit. And I mean, it was just wild how it all played out in the last three months. And like October until essentially, uh, a week before
Trump got, uh, got in office was just, it was, it was, it was, it was wild.
So yeah, you're totally right.
Like that, that would have looked very different.
Um, it could have looked very different if we would have settled it, then Trump came
in and everything was okay.
Yeah.
Yeah.
And, but that's what I was wondering.
Like if you would have accepted that settlement and then all of this other shit come into light like what would then
happen would it even have had any um any effect it would it would have been a mess in order to
settle which again we weren't going to settle but if if we had the offer on the table was a lot of money
like a lot of money,
but we would have had to burn all of the Kongs
that we had in our treasury.
We would have had to burn all of the tokens
that we had in our treasury.
And we would not have been able to use the tokens
in the game that we had basically like eliminate it
from the ecosystem, no royalties you
can't accept royalty collections i mean it was just a laundry list of shit you couldn't do and
you're like we can't we can't do this but not knowing if trump's getting in either you're like
okay we can't do this but by the way we've been fighting these fuckers already at that point for
almost two years and you know that a court case is going to go on for another year or two and
it's a full-time job it's literally a full-time job dealing with these people so um yeah it would
have been it was just ugly bro it's some of the worst times anybody could ever experience in web
three and uh we couldn't be happier to be out of it yeah that's why um i don't envy being a founder
but everybody's always quick to have an opinion on founders.
You've,
you've changed my opinion on it a little bit.
And,
you know,
I just think everybody would do well to not be so emotional about their
opinions,
right?
Be open-minded,
hold your opinions a little loosely.
It's okay to have an opinion,
but you know,
if you're gonna be emotional
also it's it's you know it's when i say it's easy to have an opinion like we all have opinions on
everything to your point right and um i think what some people don't understand because some
of these things you really only understand like you can watch somebody drive a car.
You could watch somebody pilot an airplane and it may look like, OK, I know what the fuck he's doing.
But then you get in that seat and you're like, OK, I didn't really know what this thing did.
And I didn't realize you actually have to do that. And so when you're actually in the driver's seat, it's there's a whole lot of variables, man.
There's just a lot of things that people who
are in Web3 as participants, it doesn't make them stupid. There's just a whole lot of things you
start to recognize. They just don't know. They just don't know. How would they know? Unless
you're doing this, you don't really know. You could have a really good opinion, and that doesn't mean
community members and participants have no idea what they're talking about. There's just some
things they don't know what they're talking about. So I always say like with anybody, like, you know,
any of the founders out there, I know like, you know, whether it's, you know, Zagabond or if it's
Luca or if it's Garga and Gordon, if it's Spencer, if it's any of those guys out there, I don't have
to love what they're doing.
to love what they're doing. Like, I may not be like, oh my God, you're fucking killing it, bro.
Like I may not be like, oh my God,
you're fucking killing it, bro.
But I can respect that they're out there
and I know what that grind takes.
And you know what?
When I say I know what that grind takes,
I don't even know what their grind takes
because they're doing something even different
than we're doing.
But I can at least respect like,
no dude, that's the lane you carved.
And I'm sure there's all kinds of variables
in that lane that I know nothing about.
But I bet it's hard as fuck. I bet about, but I bet it's hard as fuck.
I bet just like anything else, it's hard as fuck.
So props to anybody who's out there, whether you're a small project, big project, that's trying to just push something forward when you have a community or fans or collectors behind it.
Well said.
Yeah.
I thought we had somebody else on stage, but they must have dipped down.
Oh, and Academy came up for a bit.
Yeah, he must have had to go.
Yeah, he always does.
He always comes up and then bounces within a few seconds.
I like that guy.
Oh, yeah, he's cool.
Yeah, he's definitely got all the analytics and uh dune dashboards down to a fucking t so
do you know when you see somebody um and you just like you you spot somebody uh and you're like man
that person has like a special gift like they're just good at what they're doing i've seen that
in ant i've watched him grow uh i've had him on my timeline for i don't know six eight months or something like that and i'm just like dude he's a dude who's
out there grinding he's a uh he's an agreeable dude like he gets along with everyone and i just
like the the path that he's carving for himself yeah i love to see that um yeah and he's he's
gotten a lot of recognition for it too um you know and it in on my timeline he came out of nowhere i would say probably
i don't know early last year and then all of a sudden i mean you just you know you're getting
enough people's timeline and it's all it takes and uh yeah he's done really well so uh maybe
we'll get him back up here next time but um yeah we'll see how this goes with doodles because it
seems like they're the next target.
Yeah, it's going to be interesting.
Who decides that list?
You guys do, right?
Okay, we do.
Yeah, we do.
So next season when the targets on doodles, we'll have a new list out there.
So so and dude, that's another element.
Like right now we decide I would love to see where there can be like a wild card that whether open holders decide or it's
uh you know originally we thought like okay we could do like a vote on x but you know that can
get bought in so uh that's another element of this that i think we could have fun with to see how we
could uh allow other people to take part in what projects get listed there. But right now we, we, we control the, the projects that get listed.
Well, no, that's good. That's good. Any,
any alpha on who's on the next list?
One of the names.
Do you know what?
Hang on. Let me, let me just see if, let me just see here.
Cause this was a conversation we were having this morning.
I just want to see.
Because we had a few lists out there.
So I just want to see if there is a common one between them.
Well, I'm pretty sure we're going to see Elementals on there.
Yeah, I feel pretty confident to say Elementals.
Hazuki's at zero right now, right?
Surprised as hell, though.
Yeah, so why would you add Elementals on there
if Fizuki's at zero?
Elementals are actually up quite a bit today.
I don't know if this is just coincidence or not,
but yeah, I saw Elementals earlier.
I believe they're up almost double their floor price
of what they were, But yeah, interesting.
By the way, those World Computer Needsians that we were talking about earlier are number one in volume already on OpenSea for the day.
Well, hold on.
It wasn't Elementals.
Maybe it was Beans.
I don't know.
I have to go look.
You know, part of Machiavelli, like part of part of the decision of like what projects go on there is also like what projects make sense volume wise and for like within the collection, but then also anticipation of volume into the token itself.
Because like if you select something where you don't actually anticipate having enough volume to actually have a potential impact on it, then like you could just be shooting blanks.
So I think when we, when we take shots,
you just want to make sure there's a little bit of oomph behind it.
Kenny powers is shooting blanks.
It's the only reason he doesn't have a bunch of South American children.
Kenny, I think it's the elemental beans.
Suzuki elemental beans are up 94% for some reason.
Yeah. I saw that this morning. I was like, what the fuck?
So yeah.
Well, at some point you're going to run out of the big names.
You're going to run out of the Doodles and the Azukis and the Bored Apes.
Well, you can have them on the list again now, right?
But how often can Moonbirds be added back to the list?
Literally, it could be on the list every time if we wanted.
But you're right. There is some gamification to who's on the list every time if we wanted, but you're right.
There is, um, you know, there is some, uh, some gamification to who's on the list.
Maybe there's an upcoming mint, um, that's doing, that's got a lot of hype and maybe
like maybe people want to cause some fuckery right out of the hate form, right?
Like maybe there's something coming up one season where you've got something hyped and
you're like, you know what?
We don't know exactly where this is going to be, but if the community decides they want to vote this in, we'll put this one on.
So it's going to require some constant, you know, supervision until we kind of figure out, like,
again, we're not even a day in. We got to kind of figure out, like, what kind of thing do we have?
What is this thing? Because I still really do believe that it works. In fact, I don't want to say if it works.
I know it works.
The new tweaks are only going to make it more powerful when it's loaded up.
And so it'll just be fun to just see.
I mean, dude, I have had people reach out and ask if we could have this targeted at their collection just for the mind share of it.
I don't imagine people will be doing that for long because like anything else,
you know, people start to lose, you know,
lose track of what's happening, et cetera.
But like, who knows what projects,
but pretty certain other activations going on. Yeah. Hey, come target us.
I'm curious. Like look, look at a collection.
Like is, is it possible to go cross chain hypers, you know,
on hyper liquid.
That would.
It is.
So, like, when I say in the current iteration of it, no, it's not.
But, like, absolutely part of this process was let's see how this rolls out.
Let's see how we can improve it.
Let's get everything kind of fine-tuned a bit, and then we can go cross-chain.
That'll be interesting.
Tell me what you think about this. i'm just having this thought right now but it does seem to me like day one there was obviously a lot of volume on the coin there was super high tax at first that
bled off right so there was a lot of fees generated um you know as moving forward there may be less volume on the coin which might
mean there's going to be a lot less activity by the actual protocol right um yeah it's a it's
fair to think that way and and you're you're not wrong on that and that's why I say it works as well as the space wants it to work because it is,
it's literally fueled by exactly that. So now certainly if you have a lower floor priced
collection, then the protocol is buying more of those NFTs and you know, you could have more of
an impact. Some of this is just going to be like, you know, when the next target is there, is there
going to be another flurry of people who want to get into death star to see what it does to a lower floor price uh collection with some of
these new things uh that have been you know put into the protocol with some of the anti-bot features
but yeah you're right uh this only works as well as the fuel right and i think move having the
ability to move the slider of how many tokens you need to token gate the you know actual buys out of the
vault and everything is going to be key to kind of managing the volume on the coin too right because
like right now i'm like i don't have a lot of liquidity i'm not going to spend a fucking eth
and a quarter to get enough tokens to play with this thing but if it was a lot less i might right
and so other people may feel that way too. It's just, it's interesting that
the slider is available. You can't play with these things. To that point though. So say,
you know, a targeted collection, board apes comes up. There's a lot of people that want board apes.
If you get a board ape for 20% discount, you're probably going to take that chance, right? So
like, I do think there'll be moments where the coin is very actively traded
because the particular collection that's going up next might be something you want.
So that could work into its advantage in regards to what collection is being listed next.
So curious to see how that plays out over time.
It's a big- ass machine, right?
Like the real Death Star was not just like sending out a thousand plasma rays in every direction, taking out every planet at the same time.
Like you're exactly right.
Like this thing can turn on and turn up whenever everybody wants it to.
It could be dead tomorrow and it could come back two weeks from now if people decide like, oh, dude, like this collection's up on the vote. Let's go for this.
So it's again, there's no preconceived ideas of what this thing is going to accomplish over the
next handful of weeks. We just don't know. It's in the hands of everybody else. We're just here to
we're here to just kind of tweak this thing and and help it do better
but certainly the effects of it uh is on the token holders and you know what and we've seen
some growth i think yesterday we were around 200 something holders it was slowly climbing i think
this morning when i checked there was a little over 400 so it's getting traction out there and
i always thought that's something that can happen people want to see how it goes first and then maybe they want to wait a little bit before they get in but um i don't
think this thing is over yet by any means no i don't either and i think there's probably a lot
of people like me who just didn't get it yesterday and are gonna get it you know if not now then in
the coming days and weeks so yeah man you've made a fan out of me. That's for sure.
Yeah.
Wheels, what's up, bro?
I was going to ask, have you thought about targeting a Web2 audience?
There's a lot of hate for NFTs out there.
Could take off on that side.
Dude, you're
not the first person to bring that up.
I see Huda is in the crowd and he
said that. He's like, there's a lot of NFT haters
out there. I don'tuda is in the crowd and he's, he said that he's like, there's a lot of NFT haters out there.
I don't know exactly what the,
what the,
what the game plan would be to get them in,
but no,
you're totally right.
I think there's a lot of haters on the odd team death star for, for,
to help with that one.
I guess you'd have to get,
get on Kramer's show.
You know,
just say here, pick five of these.
It'd be pretty wild.
I think more people have voted.
I vaguely remember saying Doodles was at 55-something percent.
It's at 56.75%.
So, yeah, it does seem like more people are voting for Doodles.
Yeah, Doodles is definitely going to be next.
Maybe Izuki after that.
Who knows? But, I mean, 5 million tokens is a lot. doodles is definitely going to be next um maybe azuki after that who knows but i mean five million
tokens is a lot how many how many holders have five million or more tokens kenny do we know or
do we have a number i feel like i feel like this morning i saw something floating around in like
the 15 to 25 range but uh i like that uh the 5 million tokens that's what i was wondering because as the
price goes up you're gonna have people taking profits then you're only gonna have like one
guy out here voting so it's like that guy gets the selective fate of every nft community in the
space so it's not gonna be just one guy but yeah you know what eventually it could get
the one guy if the price is right i mean at the time uh i think at the time where the 5 million
was selected it was like a 300k market cap um give or give or take and it was just like okay
let's get this here let's try to get the bots out of it let's get some of these things going
we don't anticipate that there's going to be a shit ton of moon birds selling right now because, you know, volume was kind of starting to slip a little bit.
So we're like, let's get these mechanics in and then let's kind of get the let's let's kind of, you know, we're in a team chat and we got guys all over the world.
Like, let's figure out on this next season what that's going to look like, because I agree.
And I think a lot of people would agree, like the five million tokens is uh is a is a high so something like i'm thinking so like kyle's like
i'm limited on liquidity i don't have this i don't have that have it set to where the voting
is like a three-tier voting system if you have x amount of tokens this is the power of your vote
if you have this next level of tokens that's the power of your
vote and if you have the max amount like five million or above you get you know like supreme
voting powers like your vote carries so much more weight and then it's also like if those people are
known on the timeline or whatever like you know you know, people are kind of like saying, hey, let's like, I guess trying to leverage people's holdings to like have them go vote for particular brands and like creating more engagement on the timeline.
You see what I mean?
Yeah, it could be.
Yeah, yeah.
It could be interesting. There's like a lot of suggestions like that that have been thrown out, whether it's voting power or, you know, listing for who can actually, you know, buy the NFT off the marketplace.
And those are all things like that we're just taking into consideration.
Because, again, like I'm not claiming that we know every answer to everything we're doing, which is why it's like it's like a live lobotomy, bro.
We're just like we got the brain opened up or we got the tools through the eye socket right now.
We're kind of like fishing around inside to see
what it is that we got to do.
You just don't want to limit the token holding community
because if there's only, you know,
people are like, well, I can't,
I can't afford that many tokens to go vote.
Fuck this.
And they just sell it all.
The whole point is to have everyone involved
in the ecosystem.
So, you know.
Oh, you do only need a minimum of 1,000 tokens to vote.
And so, like, you can vote with 1,000 tokens,
and you don't need to commit all of your tokens to vote.
But, you know, I was talking last night in a voice chat.
I said, you know what's so funny about this is, like, you know there's a strategy to all of it right whether it's a community that's on the
defense whether it's the token holders that are on the offense like however you want to look at it
there's a strategy to all of it but one of those variables on the tech side of things is like this
is not like two meatheads that are deciding to to duke it out in a ring. This is like techie shit. And it's wild when you start really kind of diving into like, okay,
we want to do this, but here's the thing.
The community can do this, but the bots can do this.
The bots are what cause a lot of the fuckery out there, right?
The bots are some of what you're just trying to avoid altogether
because you want people to be able to experience the token
without having to just have somebody do like they did yesterday with the moon bird that was just constantly getting washed.
So when I say it's really complex, it is complex because it's not just like, okay, it's us versus them.
It's more like it's kind of us versus the bots versus them.
And it gets complicated.
So figuring some of this out is just it's an interesting
dynamic
well man I'm excited to see what keeps
happening
and where this progresses to
and like Kyle said
we appreciate you
coming in and like you know
the stage is always open
whenever you want to come in and chat
give any updates,
things like that.
We're going to be keeping an eye on it.
I have it right next to my,
my token works.
We get any more of these strategy sites.
I'm going to have to create a new group on my,
on my Google to fucking add strategy coins.
I mean,
if I'm being honest,
I don't find strategy coins are kind of,
I'm not really
interested in anymore but this is uh this has piqued my interest you know it's a it's a
fucking strategy it is kind of but i'm just saying there's a difference between token works and this
and i'm gonna have a window open for this for a while uh and i'm probably not gonna have the
token works yeah i just for a while yeah i just I'm eager to see the day when the death star goes full rogue and just goes
after crypto punks.
let's,
yeah,
I love it,
bro.
I love it.
Thank you for having me on.
go ahead,
Henry.
Go ahead.
I'm sorry.
I just wanted to thank you for having me on and being a great host and
having like thoughtful questions and just a shout out to any of the Kongs out there.
And I see the genuine undeads really show up to your, uh, to your spaces.
So shout out to them. I always thought they're a, uh,
we got to get you on board and get you some, um, I mean, these are,
these are two of the great pixel art IPs of, uh, you know, the,
the original, you know, big time NFT cycle. So, yeah, big fan of both.
Love it.
Yeah, thank you guys again.
I'm going to drop, but dude, thank you.
Appreciate you having me on.
Hope you guys have an awesome rest of your time.
Thanks so much, Henry.
Hey, boys, I just want to say welcome to the dark side.
No, no.
Fucking Sith or Maka.
I am your daddy.
I am your Maka. Yeah, I am your daddy.
All right, cool.
We're going to end it there.
That was fun, though.
In about 25 minutes,
Kyle and I are going to be live just streaming
only.
You haven't been on video this whole time.
I am over here working on shit, and that's why
I need to get the fuck off this space
so I can try and get all this stuff fixed uh i mean i can come back on video right
there pretty quick so uh just been doing stuff uh either way make sure you join us 20 minutes or so
we're gonna be doing some live getaways uh we're gonna be watching a pretty cool 15 minute short that I'm actually really
excited to experience with some undead IP at play. So join us for that for sure. That'll be here in
what, just a little shy of 30 minutes. Yeah, exactly. All right, cool. Everybody have a good
day and well, we'll see you in 20 minutes. Yes. Bye, everybody.
