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Replace “NFT” with what?! & Power of IRL on Coffee with Captain #1,127
Recorded: March 30, 2026 Duration: 2:20:43Space Recording
Full Transcription
I'm shooting at three
I've been goaded when I got my G
I'm an elegant boy
From a different planet, yeah
So I got my drink, I'm riding in the 1920s
Model T, Ford
Car, era, Lord
Call me Levi, playing on the keys, boy
Can I buy it from the gloves, boy
If I say that, then I'm era, yeah
Call me Levi, I'm playing on the get there
Crash that whip for the drumsticks, whiplash I'm about to get them all.
Are you with that?
In a white boat, surrounded by blue.
I want one, but I got a cop too.
I want to fly high in the sky.
Arms out wide, trying to swore.
I'm on fire.
Mickey, Bobby.
Cracking the pavement, Whitney, Bobby.
I'm a Saki bomb.
Hiroshima, Nagasaki. Bruce Wayne been a dog, Bobby Ima, Saki, Bomb Hiroshima, Nagasaki
Bruce Wayne been a dog
And I keep it 101
Cause I'm feeling kinda spotty
Sipping on some rock and I'm sipping on octane
The only thing around my neck is the block to the beat
Kick Bob, now I got coin
I see where y'all going
Poppa says web one
Hello, hope you're on web two
I was living the dream
Now I'm on web three
And it is with the seams
Topping the pyramid scheme.
I'm telling you.
I'll sell you a percentage on Nebula.
Shout out to Vince.
Yo, I was living the dream.
See him with the ghosts and we balling in the project.
Crypto, crypto.
We can make a trade, get the members.
But feels not falling for the FOMO.
Listening to coffee with Kevin.
You know we were a wide day pyramid scheme. I'm telling you.
I'll sell you a percentage.
I'm telling you.
I'll sell you a percentage.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you.
I'm telling you. I'm telling you. I'm telling I was living the dream, now I'm on web three, and
it is what it seems, copping the pyramid schemes, I'm telling ya, I'll sell you a percentage,
y'all nebula, shout out to Vince, yo set it up.
Breaking them all the tools, why, but it got knowledge to move, son, I'm shacking the
shades with my brother in suits, yeah, them blows, it's coming.
Even though it's hard to pick, eenie, mineie, moe, soda on the mix, no biting lips, it's
time to go, get x number one, no thumbs you gotta scroll looking at the ghost's studio it's
time to go had a helmet on by myself until i met a master i wanted to have a face off had to bring
my chainsaw full ticket gas and i drive my brakes off i'm a one but a different kind of steak sauce
gmgm welcome to coffee with captain happy monday everyone hope you all had a great weekend
chats already popping off.
We got Thomas, Absolute Zero, Machiavelli, Web3 Warhead over there in the abstract chat.
We got Mel back in action in the X chat.
First in this morning, GM to all.
The general, as always, dropping his Dins deal of the day.
The bearish, he keeps pumping his bearish bags.
Yeah, Teacher Katie, I'm opening the abstract tab.
I know she's going to be first over there.
Beats Machiavelli and GreenEdge.
And talking about that UConn buzzer beater.
I haven't, I actually had to Google after I saw the Duke, Duke lost to the buzzer beater.
I had to see who was even in the final four.
And looks like what I see, two ones, Michigan, Arizona, Illinois, and UConn,
two ones and a two and a three.
I don't know why I don't really have any, like, it's fine.
I just haven't college basketball has lost my, lost my interest.
I'm more interested in college football already as, uh, we're getting practice or
images coming out of spring training or spring practice.
And, um, yeah, Buckeyes are going to be a force once again.
The, uh, I know most people are focused on college basketball right now.
I'm focused on six foot six inch Chris Henry, just dominating young men already.
Uh, the 18 year old is going to be a force next to Jeremiah Smith.
Good weekend for music heads.
We had a new Connie album dropped.
We had for those into different genres,
the I'm trying to think of what his hit,
his viral song was Oscar,
Oscar Med K his albums called feel the song you've probably Oscar Medkay. His album's called Feel.
The song you've probably heard, even if you don't realize it.
Let me, let me, I got to Google.
I actually listened to his stuff.
He's in my gym rotation, but I am really not good with songs.
As far as like names of songs, album names, uh, just never, um, never, never hit,
never stuck with me in terms of like any, um, this is, it's bad. Make me feel, make me feel
is the song you've probably, if you've not heard their whole song, you've probably seen, uh, the
little, the little kid dancing, uh, on an Instagram clip or two.
But, and then, and not to forget, my guy, Fred again, dropped the,
well, he did the set a while ago with one half of Daft Punk.
And they just dropped the whole set on YouTube over the weekend.
Was like almost a two hour set uh big fan not quite finish yet i'm like 75 of the way through but that'll be on my
wrestling rest of the day and for the baseball fans out there maybe the new i can't say the
all-time best because no one i think will ever top Inner Sandman from Mariano Rivera.
But closers, elite closers anyways, have entrance songs.
And I'm a big fan of Edwin Diaz who comes out to Timmy Trumpet.
And I think the song's name is Freaks, but he even has the live.
He got traded from the Mets to the Dodgers or maybe it was free agent signing.
I don't know.
Anyways, he's playing in LA now, has a new, they have a live trumpet player playing the entrance song.
But Mason Miller, who is the elite closer in baseball now, a guy comes in, he's like 6'6", 6'5", maybe.
And throws about 105 miles an hour.
Has been literally unhittable for like the last,
I don't know,
70 at bats and, um,
dominated pitch really well in the world baseball classic.
Anyways,
he is the new closer for the Padres and debuted his entrance song,
which is,
blind by corn.
I'm not even a corn fan.
And yet his entrance song has me wanting to book a trip to San Diego to
check out. Just to see Mason
Miller close out a game.
In other cold open news,
I did my part
as a consumer
in America this weekend
and supported a couple big boxes. Went to
Costco for the first time in a bit.
Spent far too many hundreds of dollars.
But I would love to say it's like knocked out groceries for the next month,
but reality is we'll go again this weekend or next weekend.
But did the Costco and Ikea double whammy this weekend.
So big, big, big box weekend.
My girlfriend's first trip to Ikea.
And I think like halfway through the trip was,
was became slightly overwhelmed.
We had to,
we had a break for some,
some Swedish meatballs and some faffula,
faffula,
faffula balls.
I don't know how you say it.
Surprise,
surprise.
And then last but not least,
let me,
I see jet out there.
Jet,
I don't know if you've had to go on the show.
We raved about your,
your meetups and your stakeout a couple of times.
Not sure if you were in the audience. We hit
on that, but I see Jed out there. Salute to you,
sir, and all you're doing to bring
crypto-native participants together
in real life at your fine
stakehouse there in New York.
I also got looped into a
group chat this weekend, some plans
around NFT NYC. I don't know if I'm going to
make NFT NYC, but if
I do, it won't be to go
to the conference rather it'll be go, it'll be go to support, uh, people like Jed and no pressure.
I'm not saying you have to have a side event that weekend, but even if no event, uh, I long overdue
trip to your, your steakhouse there in New York, I would definitely be, uh, it's, it is like my
number one priority, my next trip to New New York whether it's NFT NYC or otherwise
I will be
stopping in and saying hello
we had
I'm just
skiing in my news here I don't know why
what's happening on X is broken
although
not exactly before I move on,
since I was giving Jed a shout out,
I got to give a shout out to Cody.
And I pinned it up top.
Actually, I probably have a couple more links
to pin up top.
But before I do that,
let me go grab this one from Cody.
I posted out yesterday,
today's coffee,
this week actually,
actually probably for the next month
because he was very generous, sent me four bags of Nordic Joe's coffee. This is not a sponsor,
not being paid to say this other than in, in coffee beans, but, um, really good coffee.
I've only so far only tried one. He sent me four different kinds. This was, uh, I had the signature blend is what I'm drinking this morning
and fun, um, images here aren't doing it justice, but I've got the dark you see on the left is just
like a dark black extra caffeinated. So we'd definitely be looking forward to busting that out.
Uh, then there's a, uh, the breakfast blend, I think on the right here.
And the two in the middle, one is their signature blend.
And the other is like a blueberry vanilla.
If you're into flavored coffee, it smells really good.
Yeah, shout out to Cody.
And this is, but not asking.
Please don't take this as a request
or feel the need to send me any goodies.
But I do accept gifts.
And if you ever,
especially things that are related to the show,
like coffee,
if you ever care to...
Actually, I say this.
I'm in the process.
I need to get a new mailing address.
My old mailing address, I've got like a, maybe a week or so left on it.
And then it's also like an hour, 15 minutes away from where I currently live.
So not optimal, but I will. So yeah, hold off on sending any goodies now,
but if anyone, at least I can do is give you a shout out on the show.
If anyone sends me any goodies, a free product placement sponsorship,
courtesy of coffee with Captain.
But shout out to Cody.
I will actually, I'm going to pin in the link below, I tagged Cody,
but I'm going to go give, I'm going to pin that up top as well. If you're not following Cody, go give him a follow.
AI guy, coffee guy, owner of Nordic Joe's Coffee.
And website is linked in his bio. And if you're
looking for some coffee to try, might I suggest checking out Nordic Joe's. That's what I was doing.
I got to pin the other post. The heading up top here in a second is going to be YouTube and
abstract links. If you're looking to join the chat over there,
this is obviously, if you just happen to stumble in one of these days, I will get the proper,
you know, proper opening, proper intro down. I just jumped right into cold open
without any of the sort this morning. I'm, I thought I pinned the abstract link. Maybe not.
Let me go grab it now and I will put it up top.
We are live on abstract. We're live on YouTube. We're live on X video. And as always here on X audio spaces is our preferred. Well, it's our platform of choice. It's our biggest platform.
I'm going to say Tebow's wrong. They're not going to sunset X spaces,
but if they do get ahead,
front run that and be a subscriber over on YouTube would be the ass.
Payton also dropped his new,
some newsletter new,
new tweak the newsletter a bit.
So if you've not yet hit that,
go drop,
go subscribe to the newsletter at coffeewithcaptain.com.
And as always, I'm Cap.
No co-host today, but we are a community-led show.
So if there's anything you want to add to the conversation, if you'd like to join the conversation, if you have any questions, drop those in the chat.
Or feel free to even join us on stage.
Throw a request in.
We'd love to have you up here and chat through whatever's on your mind.
We've got some market stuff today.
I actually wanted to highlight a tweet of Steve's over the weekend, which was a quote tweet of Andrew's.
Talk a little bit about branding and NFTs and our path forward.
Probably at the flyover, the Iran conflict.
It's now become a escalated a little bit again over the weekend now, um, multiple fronts and sounds like troops are getting deployed.
Um, allegedly, I don't know anything, not my, not my area of expertise, but seems like, um,
I don't know anything.
Not my area of expertise,
but seems like things are heating up
before it comes to resolution.
Zonka says,
never consider myself the closer.
I'm more of a career 500 starter
that brings Tim Wakefield vibes.
I think, I could be wrong on this,
but I think Tim Wakefield also closed out some games
as he moved on in his career.
Knuckleball pitcher, if you're not familiar.
We got proof alpha DJ
with a new PFP coming up. I need to
figure out what
this PFP is. First time,
I think first time seeing this thing.
Frog with hat.
Is this a
NFT collection? Is this a meme coin?
What's this PFP you're rocking today?
Proof Alpha DJ.
GM to everybody.
Definitely not a meme coin.
It's a collection.
The Froze collection.
And with the AR VR thing that they got the facial recognition.
So they did filter out uh previously so these are the
same yeah so i just like it i just leaned into it and i saw one of the traits on one of the uh
other or in the collection said dog with hat and i said oh shit lean all the way in there's go frog
with hat so i put that up there that's my little edit so sorry about that
but i definitely wanted to jump up man thanks for allowing me up i definitely want to jump up and
touch on the subject and this is just a comment i could be wrong i hope i'm wrong but um reports
or rumors are swirling that israel is saying that we're not going to sit our ground troops you know
you do a ground invasion your ground troops got to go. And I'm kind of like, well, wait a minute, man, this is not right. You know?
Oh, Israel said they're not going to have ground troops. Yeah, I don't, man, I don't
get it. The whole thing is like, I don't know what to think. Like, I love how dialed in
we are to the news, how we get such like literally real timetime news. I feel on X at the same time. It's also,
I feel as if like propaganda and I don't want to say fake news, but like narratives are also
spun up easier, more easy today than ever before. And I am, I don't know. I'm glad I know some people
are real, like it's important. It's impacting the world, it's impacting markets.
I know some people are really into the war and they're monitoring the situation.
I just wanted to be heading towards lifespans of 120 with AI, not the other direction with killing people over wars.
But yeah, as someone who's like an observer, not monitoring the situation actively.
It seems crazy to think that we're,
we're going to send ground troops in Israel. It's like, Nope, we're,
we're out. So yeah, I don't, I don't know, man. I am really,
that doesn't,
doesn't make a whole lot of sense from like a rationale and a logic perspective, but I, yeah,
I I'm looking forward to it hopefully not dragging on much longer.
But who knows?
I think they said, oh, this is going to be over in weeks,
and this is going to be over in a couple of years.
And it's like, I just, thoughts to everyone impacted,
both living in the region and anyone that is getting deployed
or thinking about getting deployed.
I am, yeah am not a...
I'd like to skiddle myself as someone that I have courage in the sense that I will take shots and I'm out on the risk curve.
But I had zero desire to go fight in a war.
And I don't think I'm eligible anymore to my age, but respect.
Did you see they raised the age limit too?
Yeah, I think I still just miss it.
But great respect to anyone who either actively or has served.
I greatly appreciate it.
And just not in my, you know,
out of a plane.
I have no desire to go fight in any war,
but that's just me.
Yeah, I get it, man.
And it's a sad situation in the world,
you know, and some of the landscapes
that you see on some of the pictures
from those areas is just sheer decimation, man. And
it's, uh, yeah, heart goes out to everybody, man. It's, uh, hopefully we can get some type of
reversal here, you know, and, uh, something we can gain some, some, some foothold in the sand and,
and, um, and take this thing the opposite direction. Cause it's not looking good right
now, but yeah, definitely hats off to
all of those who have
served and are serving
and may go serve.
Yeah, man. Sad situation.
It certainly is. And again,
not to downplay it, certainly
not to disrespect anyone who served.
Even though I
may not be a fan of war, I
greatly appreciate and respect anyone
who would sacrifice potentially their lives for others
as a bigger person than I, I will say that.
Hard pivoting.
We may have to hit on some more war stuff.
I mean, Bitcoin crashed overnight to like 65k. It's recovered this morning. It was lowest lows since February overnight, but we recovered this morning. We'll get into the daily market update in a bit, but when I ran the brief this morning, it was already up to 67.4.
four. I knew the cabin pump was coming, bro. The cap pump. We're already getting it. It's
I knew the cap and pump was coming, bro. The cap pump.
pumping during the show already. It's up to 67, 859. So up even a few hundred dollars since I
ran the brief. ETH up over 2K again, up 3.58% on the day. We'll do the rest of the Daily Market
Update here in a bit. And then we're going to get Jed in here in a second. But before I go to Jed,
I got to give Thomas a shout out. Yes, the Guardians, also known as the Indian or the Tribe, if you're my age.
Chase DeLauder might be him.
I think he hit a home run in the first three games, maybe the first four games.
Young kid is just coming out, guns blazing, absolutely mashing the ball.
blazing, absolutely mashing the ball.
And while I'm not deep enough into baseball to have a really educated guess
on like playoff teams or division shot at winning the division,
I know enough that if you got the ladder hitting like this and Jose Ramirez,
just those two in a lineup is pretty fearsome.
So all I know is, and I know there's probably some Dodger fans.
I just, I'm going to be rooting for anyone but the Dodgers to win this year.
The team is, it's like what I grew up as how most people viewed the Yankees,
like the evil empire.
The Yankees are just buying championships.
And while the Yankees still have a huge payroll, I think it's,
actually I'm curious and I'm going to go look. just the Yankees are just buying championships. And while the Yankees still have a huge payroll, I think it's actually,
I'm curious and I'm going to look.
I think it is dwarfed by the Dodgers team payrolls.
Yeah. Yeah.
2026,
the Dodgers have nearly,
it's almost $420 million in salaries compared to,
that's like almost 80 million more than the Yankees.
So the Yankees notorious for spending more money than anyone else.
They're at 337 million, not chump change.
But the Dodgers just dwarfing everyone at 413.
And they're paying luxury tax on this too.
The tax tracker is the luxury tax.
Anything over $244 million, a luxury tax kicks in. There's only nine teams in the league that are over $244 million, a luxury
tax kicks in. There's only nine teams in the league
that are over $244 million.
The Dodgers are almost double that.
So yeah, interesting
time. I am getting somewhat of a
baseball edge. I'm probably going to go
actually
had an unexpected trip to
CPR, cell phone repair this weekend.
Girlfriend's daughter got her phone water
damaged and took it to my buddy, Tushan. If anyone is ever in the, he's got a store now in Tampa
and opening one in St. Pete soon. He also has some in Pennsylvania. If anyone ever has a cell
phone repair need, hit me up. And not that I can guarantee anything in terms of like discounts or
deals. These are franchisees. They have a business to run, but I would connect you with some good trusted people that are going to do you right.
We had a chance to visit him over the weekend. And we had talked previously about going to a
raise game sometime. And I still, despite being down here for over five years now,
I've yet to,
I've yet to hit up a,
a raise game.
Also,
I'm into a light,
I've been to a couple of bucks games,
but I haven't been to a raise or a lightning game.
And I feel like I'm not being a good supporter of the region.
Diablo leader says Putin was overheard talking to Z about changing organs and living forever.
Responded that some people alive now would probably get to 150 years old.
I agree.
I'm hoping for 120, but I would take 150.
And yeah, I think we're so close.
I mean, there's people now, individuals are curing their own cancer with the help of AI and LLMs.
curing their own cancer with the help of AI and LLMs.
It's just, I know we talk about how much jobs are going to change and AI is going to replace jobs.
It's also going to do some incredible stuff.
I think particularly in, like, we may not get to like universal basic income,
But I'm actually optimistic we get to some sort of universal health, like some sort of minimal free or close to free.
but I'm actually optimistic we get to some sort of universal health,
Yeah, you probably still are going to have the need to go see a physical doctor at some time.
You're going to have the need to go see, hopefully, fewer and far between, but some surgeons and need humans or at some point robots are probably doing that. And I don't expect that to be free, but I think just from a overall education and health and wellbeing standpoint,
I think we are really close to, I mean,
the reality is you can,
you can probably get that today if you're asking the right questions with,
with chat GBT or Claude or Gemini or Grok.
Jenna lost you on stage. I don't know.
Sometimes X gives some, it's a little buggy and boots some people.
Would love to get you in here, though.
If you wanted to join us, just throw in a request.
We'll go to you next.
And then after Jed, we'll go to Joey, and then we'll get Cheesus in here.
Appreciate y'all joining us today.
Jed, appreciate you getting back up here.
GM, we'll brought you up this morning.
Again, appreciate you and just being a leader amongst
the crypto natives i i am one that will be the drum on in real life events and in real life
meetups uh as hard as i can it's just it is i think it has a huge impact on uh on this space
at large and appreciate you taking leadership role on that front gm sir gm well first thanks, first, thanks for the shout out. Second, thanks for pivoting away from politics,
because that's the one thing I hate talking about here. But yeah, IRL is definitely the alpha.
I've seen it happen so many times in the restaurant prior to this. I mean, we've been
doing it for a while, but this was a big one for us. I'm going to be leaning into it, even,
you know, leveraging the steakhouse even heavier
Mid-year, you know, we're building on a special website for web three
secret air quote website
You will need a region to access it, but it will also be an onboarding tool for kind of normies. We're gonna have some
QR codes throughout the restaurant, you know, subtly, like on, say, the coasters, and they'll scan it, and they'll take them to his website, kind of teach them a little bit about Web3 and NFTs.
If they don't want to buy the NFT, they can buy a little membership pass using Stripe or possibly something else now that might.
So do you mind me? I don't need all the details, but I'm sorry to interject, but I'd love you to expand on that a little bit.
How will the, I'm guessing if you're buying a membership pass with Stripe,
will that be lower cost than the NFT and maybe it only lasts for a month or a
year, whereas the NFT is for life? Like, how are you?
And the reason I ask is we're genuinely,
we're in the process of redesigning our Discord.
And I say we, Payne is doing 99% of the work.
The War Room will continue to remain the War Room.
It's going to be gated with the DGN Pass.
But we're looking at ways to bring in,
at first we're thinking just invite only,
but I've talked about maybe there's some other way,
some other things we can do to have like essentially
like two layers of membership one is an nft which that lifetime pass and that'll never change
and the other maybe some more of like a subscription-based model but do you mind sharing
like how are you how are you differentiating the two is it is it i think i'm going to do quarterly
for the first one uh you know probably the floor price of the nft um or or half the floor price of the
nft just to kind of see how it works and then uh from there we'll probably do something more like
a yearly pass okay yeah so i mean the floor price on regen say it's 150 so it's 75 bucks for the
quarter uh and they'll get access to the secret um secret menu secret drink menu there's going to be
special events um some of them's going to be special events.
Some of them are going to be, you know, more than one region or more than, you know, one token.
It depends on how big the event is and how exclusive it is.
You know, if I'm going to be closing down the restaurant for 80 people, you know, it's going to be a big event.
If I do it on a Monday night when we're closed, you know, something like a whatnot stream of Gary V, you know, that's going to be super exclusive. So, you know,
we're kind of figuring all that out right now. But bottom line is like I said,
I'm going to lean into this heavy man.
I really want to become the hub of web three in New York.
I love it. Awesome, man. Well, congrats. And I wouldn't say if you've not yet,
you mentioned Gary, you've not yet, you mentioned Gary.
I've not been, but I've heard rave reviews from the Fly Fish Club.
Well, I know another restaurant might be viewed as a competitor.
I would suggest maybe, you know, find a way to get in there and check it out just for some ideas.
And like I said, I've heard rave reviews.
And that, if you're not familiar, Fly Fish Club was a membership gated social club
restaurant that he sold Fly Fish Club NFTs. He's not, I don't think he's allowed to talk about it
anymore. Like the SEC, when they were doing their war on crypto, they hit him with, I think, a Wells
notice. And so it still exists. The NFT still gets you membership. It's just, I don't think you ever
hear or see Gary talk about it, but I could be mistaken. I think that the only way to get in is, is with the NFT or, you know,
someone with the NFT, but anyways, my, my point was just probably worth,
if you have not yet checked out, fly fish club might be a good, you know,
a good, a good, not just a good dinner,
but also maybe pick up some ideas for what you could do with a, you know,
a web three membership slash restaurant in, uh,
in New York. Yeah. I've spoken to Jeremy a few times about this and we've been on calls and
Gary's aware of what I'm trying to do. So I'm, I'm, I'm, I'm in touch, put it that way.
Good stuff. Okay. Appreciate you and, and leading the way up there. Grateful to be able to talk
with so many leaders on this space and, um, many of which are pushing the, pushing this space forward.
We need to cheese in here. And Jed's actually kind of in a way setting up the,
I alluded to a post from Steve, a good,
good setup here this morning as we talk about NFTs and, and what they,
well, not only what they might become, but what we should be calling them.
But before we do that, Jesus GM uh do you have a weekend sir uh GM yeah no I had a good weekend
just kind of uh yeah I'm trying to even remember what I did through the weekend it was like it was
not very it was not very um exciting but it was relaxing so yeah it was a good it was a good
weekend um but but I wanted to ask jed are you
guys gonna like it's dope that you have you know the steakhouse and you're doing all these uh these
things to you know have irl experiences um are you guys gonna end up trying to encourage your
community do the same and give like say, say somebody owns a tattoo studio,
somebody else might own a restaurant in Texas or other places, you know,
would they be able to, to, you know, get involved with that?
So a big part of the website is going to be across marketing for other NFT
projects or web three founders that have a web two businesses.
Something we're doing currently in Rematch is the first
product we put out. It's all geared towards cross collaboration, cross marketing. I just
think we're too small of a space to worry about ourselves and we want to highlight other
builders. So yeah, there's definitely going to be space on the website to drive traffic towards other Web2 businesses by Web3 people.
Example, Warner and his donut shop.
Stuff like that will drive people that way.
I love this.
Cap, you remember when Frank was doing that with DGods
where he built the world map to show where all show where all D-Gods holders were.
Half the crowd wanted
it, half of it
was like, oh, I don't want to docks for my location.
It's like, so, you know.
I think it's one of those things like, you make it
optional. You can opt in if you want, you don't have to,
but, yeah.
You Frank did that with D-Gods for a bit.
I thought at one point Pudgy's had
some sort of map.
Yuga has had both some community led stuff as well as some corporate stuff.
They're really leaning into the meetups now, supporting those meetups, you know, in advance of, in advance of the club opening in Miami, the clubhouse that is. And I think, I think it is, I think part of this
push now, I'm just speculating. I haven't, I haven't heard this from the team directly,
but I think part of this push now is showing those who may not be local to Miami. Hey,
there's still really, you can still be part of the club. You can still get together with
your friends in person. And even if you're not local to Miami, there's still opportunities throughout the year.
And then NBA is still a thing.
Like as someone who's had a couple of NBA brands,
Coffee with Captain is an NBA brand,
made by Apes that is.
It feels as if it's kind of been like quietly sunset.
And that's not fair because it's still a thing. They still support
it. Like if you go to ApeFest, you'll see a lot of the vendors
there are NBA brands.
I just saw Adam Weitzman shout out several
NBA brands over the past week. Like it's still a thing,
it's not
what it once was
in terms of the support coming from Yuga.
They had started to spun up a website.
And the website may still be live,
but I haven't heard any talk
or really any support behind it for a while.
Bad Teeth was running that,
you know, the NBA division there.
And he moved on
and then they just never backfilled that role.
And it just seems like it's just not a focus anymore.
And I get it.
Like the focus is other side
and fully understand the ability to out.
But maybe more comes back
when the clubhouse goes live.
But this concept of,
it's part of the magic in crypto.
It's part of the magic of these crypto native brands
is you have real network effects.
You have an army of brand ambassadors
that not only would they support the parent brand,
they're going to support the brands
that come out of the brand.
Things like Bored Cuban,
like how many apes have went to Bored Cuban in Miami.
And I think there's so much potential here for clubs,
not just one singular one, but of entrepreneurs.
And it's not a new concept.
It's existed as long as I've been
alive, as long as I've at least been a professional in the business world. You've got, you know,
things like chamber of commerce and BNI, all these networking groups. And like this idea exists.
It's just most of them, I know BNI is a global thing, but business networking something,
I don't even know what it stands for. But while it's a global thing,
it's hyper-localized. You might have your local city, depending on how big your city is,
might have five chapters of B&I. And you meet with, I don't know, it might be a dozen to two,
three dozen members. And you meet once a week at breakfast or lunch. And the idea is you give each
other business and referrals.
They go around the room in your introduction. It's like, tell what you do and, you know,
what you're looking for, who can someone refer to you? And it's not just people in the group they're supposed to refer to. It's like, it's a great concept. It's just hyper-localized. Most
of the stuff is hyper-localized, you know, country clubs, yacht clubs, like all this stuff is
hyper-localized for the most part. And I think what crypto does, it takes this concept
that's held, that's existed for years, for decades. And it's like grassroots way to grow
business, to grow brand. And this is, I think we went from that that was so hyper localized to
social media and all you can now go global and scale rapidly because you can go viral on social media. Well, that's one way.
You can shitpost your way.
You can put out videos every day.
You can just build a big social following.
But I think what's missed is something between where it's not just customers.
It's not just consumers.
But this idea of networking and building with others, not just in your local chamber of commerce or your local BNI, doing it on a global scale.
I don't know.
I've never experienced anything like this prior to crypto.
And I think these NFT communities, these NFT clubs have led the way there.
It's just from the parent brand standpoint, I'll speak to Yuga in particular, it's a cost center to them.
They're helping support the brands of the builders in the club, of the NBA brands.
It's not really helping grow their brand.
It's just a cost that is a long-term play that maybe you talk about the proliferation of IP and someday it comes back to Yuga can help.
But from a cash flow standpoint, it's negative.
It's a cash burn.
And so I get it's very challenging for a crypto native brand to really push forward.
But I believe that it can be done because it doesn't have to just be Yuga.
It's like, you, and I, I'm not saying it's just a Yuga thing. It's,
it's just, I'm the one I'm having to be closest to.
I certainly NBA or anything equivalent I've built in would be that the Yuga
ecosystem. And I just, it really, to me is,
it can be so much like crowdsource, community source, maybe is a better word,
where it's not all on the parent brand.
It's like I was mentioning,
they're talking about doing something around NFT NYC,
some rooftop event, or who knows?
Maybe it ends up being a Jed's restaurant.
The community's organizing it.
Is leadership going to get involved?
Probably.
They can help fan those flames.
But even from a cost standpoint,
it doesn't always have to be on the parent brand.
I guess I'm saying this as like,
if you're a crypto-native brand and you're
looking to do... I see...
Actually, we lost Jeremy. Jeremy,
friend of the show, often out there.
I think VFriends does a really good job of this.
And I don't think... I could be wrong. I don't think
Gary or VFriends is paying for a lot of these. And I don't think, I could be wrong, I don't think Gary or VFriends is paying
for a lot of these meetups or these events.
Like they do community meetups from card shows
to bridal showers or baby showers.
Like it's just a very close-knit community.
And sometimes like, can it help
if the brand steps up and supports financially?
Yeah, sure.
But at the same time, it can be just supporting,
just promoting it, just sharing it and driving more attendees. Dort says he's so glad there's
a clubhouse coming to Miami. The Miami-based apes literally never have get-togethers. Used to,
used to. And I know even here in Tampa, we used to get together multiple times a year.
It's been a while.
Shout out to ApeWail, who's hosting a paintball meetup next month.
And, you know, appreciate those local leaders.
I think back to my point is like just simply fanning those flames, doing some like – we're all busy. busy like we all have most of us have lives outside
of crypto twitter whether you've got kids or you're married or you just you do other you're
you're you're you got a day job like we're all busy and it's sometimes it's like the get-togethers
the meetups the the fun stuff is more of like a nice to have than necessity.
And I think a little bit of push, a little bit of organization from the top goes a long way
to fanning those flames and encourage and inspire others to do it. With Jed and I saw Craytrain,
we'll give her some credit, who brought this group of apes together in New York.
It really was community led. And it kind of starts of starts like there was, I know a copy pasta that went across crypto
Twitter this weekend. Sometimes it's, it's like these events and stuff,
the momentum, it's like a copy pasta. It's like someone has to start it.
Someone has to take the initiative and then you see others, Oh, I can do this.
You know, whether it's FOMO or just a little bit of inspiration,
Riz says, I think you go push for local apes to get together on their own.
Is the NBA idea about ourselves?
Yeah, I kind of agree.
He's looking for Virginia and DC apes, if anyone is in that area,
hit up Riz for a get together.
We're going to go back to Jed for a response.
We'll get proof of DJ in here. Before I do that, though, I just want to close off the conversation from earlier talking about medicine. I think he's talking about where I
said, you know, I'm shooting for 150, and I think we're about to see some tremendous leaps in
healthcare. He says, I don't think we're close until AI can actually embody physical forms and do the lab work and medical work required for developing, deploying, applying
cures, human oversight for many years still. I agree there's going to be human oversight. I just
think that the researchers can move so much faster now due to AI. And yeah, at some point,
we're going to have robot forms that are going to need no human oversight and just
build ship and, and come up
with new stuff, new medicines, new novel science, et cetera. Today, it's going to be like almost
prompted or, or with human oversight or human interaction. But I think it's just like we have
10X software engineers. I think we'll start seeing some 10X researchers as well and speed running a lot of testing, a lot of, you know, just science.
Again, I'm not a scientist like Dora is,
so who am I to say?
But Thomas said the same thing for manufacturing.
Robot may do his job,
but if I understand or learn how to manage it now,
then his job is secure to an extent.
And that's kind of where I think I net out on a lot of this is
robots are coming, but in most cases,
you're still going to need humans leading the robots,
coming up with ideas and directing the robots
and some sort of human element.
And so it's like those who understand how to interact
and how to talk to, whether it's an LLM or a physical robot, I think stand to gain or benefit tremendously from this evolution.
Hans, thank you very much for the generous tip.
Greatly appreciate you.
Maybe, I think probably at this point, my biggest tip or over an abstract.
Greatly, greatly appreciate you, sir.
Thank you so much.
Teacher Katie's rocking, showing off of VFriends meetup in Boston. And I'm going to quote Mel because I know she's not the biggest Gary fan. Says,
LOL, VFriends ran out of money to do meetups. The community is very few left going. Part of my
point is I don't think the brand, I don't think the parent company has to or should be paying for all these.
I do think it can help, but I don't think it's just on said brand to fund everything.
Can it help? Yes. But I think more so than cutting blank checks all the time,
just driving the focus, driving awareness,
sharing the things, supporting it, showing up in person.
It goes a long way.
Shout out to Cam and Barron and James, who I've seen, I think all of them have attended
or supported one of these local meetups, these local events recently.
And that also matters. You know, yeah, people like meeting with Adam. Adam's not on the team yet, but I mean,
kind of not, not exactly, but like that, that stuff makes these, makes it as much as like
sharing it on socials when leadership can come and attend and be there in person, it also will drive
support for these local meetups, these local events, even if there's no financial contribution or financial support.
Jed, let's go back to you, then we'll get proof of DJ back in here.
It's funny.
I actually have a space tonight on alignment.
And I don't know, man.
I think some of the bigger players or bigger brands like you, they should draw a little bit of money.
I'm not saying write blank checks, you know, and I'm not saying it's a fun, fun every single event.
saying break blank checks you know and i'm not saying to fund these fund every single event but
you know if you have people that have been in a club for years you know and they want to hold an
event to cut them a check for 2,500 or 5 grand i don't think it's going to be that you know big
of a deal for them i think it would kind of encourage people more people to get involved
with apes it also these events also help onboard like web 2 like how do you want to onboard web 2
if irl is the alpha you know everything can't be exclusive to only web two uh web three's point i just want to pause on that
one great point and i do want to say they have they they have i mean for a while they had a
like a formalized program where you could ask for a grant and they'd fund a thousand to five
grand i don't know the exact dollar amounts of the specifics but they've done that many times
throughout the years um my point is though like i don't think the community has to just wait until there's a
formal program or wait until it's going to be funded. Like people get together. Like if you
want to go to a baseball game, I don't expect you going to go buy the tickets. Just like if we're,
if they're going to have a paintball meetup, like I don't expect you to fund that like i could buy my own paintball gun and stuff and go do that but it does take someone like yourself to take an issue to be a leader to
whether it's the facility or just booking the thing organizing it i think that's where we all
we get busy in our day-to-day lives and way down the priority list is organizing a meetup for our
crypto native friends yeah i hear you man i just like i said i think it's important i've seen i've seen the magic
of it happen so many times and like even the people that were in the restaurant that night
that weren't web three all of them are asking about it all of them are intrigued uh my pops
never understood nfts after a couple of meetups with punks and and apes and they had uh crypto
bullies had a mint
and NFT in the restaurant last month.
Now he has his own wallet.
And this is a 75 year old guy that's really hard headed and doesn't even believe in crypto.
But now he understands NFTs.
He understands the community aspect of it.
So I don't know.
I just think it's really important.
We're stewards of this, you know, we're the pioneers of this industry.
And it's on us to kind
of bring it forward in a positive way so I don't know like I said some of the bigger brands I'm
not saying and I know they did because the day I put in for my grandma's the day they closed it
down so but uh yeah so I don't know like I said I'm not I think they probably did a bad job of
kind of curating or let's say going over who they were giving the money to
and what it was given out for uh maybe that that sort of left a bad taste in their mouth but i
i definitely think it could be done in a better way and i wish captain i heard you were looking
to do some bc stuff with uh that would have been great because you you got the boots on the ground
and you know what's going on here and that would have been great to see someone like you in charge of that.
We would have loved to help drive some of that forward.
It wasn't just myself.
It was a great team of us.
Unfortunately, our proposal never made it out of admin review for the DAO. I don't want to go back there and
open up a can of worms. I'm grateful for the DAO. We got a copy with Captain, got supported by the
DAO. I think we had like a 97% yes vote. Grateful for all the support, grateful for the DAO funding.
7% yes vote.
Grateful for all the support, grateful for the
Dow funding.
I also think it was
probably wise to sunset the Dow when they did.
Man,
yeah, a lot of
opportunities there. It is what it is.
As we look forward to
the future, like what...
Sorry for the hat-tick. Sorry for the hat-tick.
No, it's really hard because it's like for every...
Whether it's a DAO
or a parent company's funding stuff
for the community,
especially when you have thousands of stakeholders
and thousands of passionate community members,
I'd love to say,
I know there's probably exceptions, but unfortunately it's like with all these, like for every one person who really is doing something for the greater good and wants to drive value to
the community members and provide extra access and extra utility, unfortunately there's probably
somewhere like three to 10 that are just grifting, that just are looking to extract money.
And I'm not going to name names.
I'm not naming names.
So don't even ask.
I'm also not taking shots to these individuals.
It's just top of mind because I just saw it this weekend.
There's a couple of individuals that went and bought a punk and they bought an ape and they came to like at the clubhouse meetups and they spoke on spaces and they got a lot of flowers.
And I kind of identified them pretty early on as like, these are just, there's engagement farmers.
They're just playing the who's active right now game and they're going to go following. And to be
fair, I don't think they ever took any money. I don't think they ever got any grants or took any money out of the ecosystem.
They just leverage an ape and a punk PFP to grow a big following and build a network in crypto.
It's fine.
Like, that's part of the access is it's a club.
Like, it opens up doors to networking.
I just, it's like for every person who's like, oh, this I'm going to,
like, I think what I'm struggling to define is, do you see this in real life? Like
my experience, while I'm not a fan of like necessarily of like Chamber of Commerce or BNI,
like my experiences and my experiences in both of
those was in like the Midwest. And maybe it's just a different makeup of people too. But often it'd
be like people like genuinely want to like be a part of the community. They genuinely want to be
a part of the local business community. Do they want referrals? They want to help their business
grow? Yes. But it really was a reciprocal social contract with most of these individuals.
reciprocal social contract with most of these individuals.
I, in fact, like the word grifter or extractor never came to mind.
While I say that, I am very accustomed to going to a traditional trade show or conference
and mostly in real life interactions there being very surface level and people only really wanted to
talk to you because they wanted to sell you something. They wanted to gain you as a client.
It's, as I think through this in real time here this morning, it's really weird to me. Like if
you went to a trade show or a conference, like a national event or a global event, those to me
seem very extracted, very surface-over-learn relationships.
And people most of the time only really care to talk to you if they could sell you something, if they could benefit from meeting you or talking to you.
Whereas on the local level, on the club level, the Chamber of Commerce, the BNI, while that was actually like the stated goals of a lot of these groups. Never really felt that way. In fact, I actually probably felt more people wanted to help me in whatever I was building than sell me something. And now,
maybe it's, and actually like a lot of B&Is, a lot of chambers, like you wouldn't get referrals,
you wouldn't get community assistance until you showed up to a few events, until you proved that I'm here to stay.
I'm not just here to go around the horn and do an introduction and get a half dozen referrals and then peace out and never going to talk to you again.
I don't know.
I guess maybe there's something there that I talk about.
Crypto creates this opportunity to go global,
take what has been in existence for decades on the local level with,
and it's not just Chamber of Commerce or B&I.
It's like there's so many like Kiwanas and all these other clubs.
Those are just the two that I had ever really participated in.
And then I think about on the global scale or the national scale,
the conferences were kind of crypto-esque in the sense that most people were there just to extract more grift.
So I guess doubling down where I'm not going out on this is even further driving home the
importance of these local meetups, these local in-life events, because I think, I don't know,
still, again, this is a live thought, but it tells me there might be something with
mitigating or reducing the extractors, the grifters, because I feel as if they're less
likely to, like there's some magic that happens when you meet people in person, not only from
a building relationship standpoint, but I think also people are like maybe less likely to just grift or extract from whatever community you're a part of after they meet you in person.
After they make eye contact, they shake your hand, they break bread.
It's like maybe there's something on a subconscious level where people are more – they become a deeper part of the community, right?
It's like I – I don't know.
Is this making any sense to any of you?
I see it has invoked a lot of hands.
So we're going to go back to Jed for a response.
And then I said, proof out for DGEN.
Joey's had some issues with X all morning.
Welcome back.
And we got Ilan up as well.
But Jed, response?
Yeah, I was just going to say,
like Web3 is transactional by nature, right?
It's just how it is.
I mean, it's like that in a lot of
things in life uh but that doesn't mean it can't be it can't work right it's like a good a good
collaboration is is something that works well for both both parties and both parties walk away happy
um i think some people you know you got to do a really good job vetting in this space and keeping
your circle tight and kind of finding the right people and the good intention people to collab with.
But I do think it's possible in MWeb3 and I think it's a lot easier here than IRL.
But again, it's nice to meet the people in IRL first before you collab with them, but not always possible.
But a couple of phone calls and we get to see how people move i know you're big on those like uh kind of um what are they called uh
to just score to tell you how uh i can't think of a word right now what's that yeah yeah exactly i i'm i don't believe in any of those because uh i just think they're all
formed but i just think we've all been here a pretty long time like jesus ucap joey i mean
proof alpha degen we've all been here five, six years. We see how people move.
So I just think that it's easier here
because we're such a tight-knit community
that it is, you know, an easy way
to find the right people to collaborate,
if that makes sense.
Yeah, no fair.
And I would even add to that,
especially in a bear market,
especially in times like this
where not a lot happening.
I mean, not many companies are going to launch, not many TGEs, those that are not doing well.
Most that have TGEs coming are delaying it or deferring it.
And the people who are still here now, I mean, Steve and I talked about one of the most fun we've ever had in Art Basel.
I don't remember what year, I should know this, but it was bear market Art Basel. Like every conversation we had was with like a legitimate builder. And it was like those real life relationships where I didn't felt any, not one person was trying to get something from me. Not one person, like, oh, they're just talking because they want to come on the show or they want to, they want a free, you know, segment. Like it was, it was like real builders. And you just, you know, the whole like builders build in a bear saying, It was real builders. And the whole builders build in a bear
saying it's real. The people here now, are there still going to be some
grifters, some charlatans, some extractors? Yeah, sure. But it's
so much less, at least proportionate, than when things
are pumping. It's just like you don't see often a lot of scammers.
They still exist. You'll still get a random dm with a phishing link but at a fraction of the
time you would during a raging a raging bull uh i see we got uh teacher katie joined us as well
excited to have so many legends on stage this morning let's go pre-falfidegen uh then we will
get joey in here and then illan and then teacher katie uh pre-falfidegen and she's a spy when i
get in here anytime just flash up a hand uh we Katie. Pre-Falph Adichia. And she's a spy. I'm going to get in here anytime. Just flash up a hand.
We're happy to get you back into the conversation whenever.
Thanks for giving me the mic back.
I'm going to be super quick.
I got a hard out.
I just wanted to say that even though I'm not under NDA, the ethics of it just warrants
me only to say so much.
But I just want to make sure that that is said, that the NBA initiative is brewing in the back channels with the right officials, wherever that may lay.
Briefly, I mean, vaguely, but the conversation is being had.
And hopefully we'll see some fruits of that labor very soon.
Am I saying charlatan wrong? Is it charlatan?
Like, what is, why is Von Fronten getting a, oh, he says like, okay, sorry, he followed
I can't pronounce 75% English words, but I nail that one every time.
So charlatan, I am pronouncing correctly per Von Fronten.
Thanks for that, Von Fronten.
I appreciate you.
Joey, GM, welcome back to the stage.
hey gm guys uh i came up um because i i you know this is why i struggle with all these years of
Hey, GM, guys.
being like oh joining uh board ape or joining punks or joining pudgy or whatever it's like
oh it's joining a digital country club i mean crime is not i mean okay well let me say it's
it's not always illegal in country
clubs. Cause I'm sure there's some, some stuff that goes on that we don't know about, but
like, my problem is in this space is crime is so legal, right? Like you're like, it's,
we don't want it to be, but it really is right. And I don't agree with what Jed said about how
it's easier in this space than it is in real life.
Because in this space, you have to go into every conversation, whether it's an XDM, a Telegram message, a Discord ticket, with the mentality of this is probably a scammer.
If you don't have that mentality, then you're going to get scammed.
You're going to get hacked.
You're going to lose your seed phrase.
And it's really sad.
So I would say yes.
And I think my over five years in crypto has created a lot better.
Like OPSEC for me personally. Not that I would necessarily
get got by
an email
which some guy in the Nigerian
Prince wants me to send me
a million dollars. They're just going to send him 500 bucks
for us. I wouldn't get got by that. I wouldn't get got
by a phishing link in a random spam
text message.
But man, it's
made me a lot more safe and cautious on all things OPSEC from
my X account to the emails I might open or click a link in. And while it may seem like crime is
more prevalent in crypto than in real life, I don't know, man.
Well, it's not, no, no, I don't think it's more prevalent what i'm saying though is is that in this space like if i walk into a car if i buy a country club
membership for thirty thousand dollars and i gotta pay my dues of a thousand dollars per month or
five hundred dollars a month or whatever it is right and i make and i make the decision that
i'm gonna try to scam or you know like to, to the members of that country
club, I'm probably going to jail. So, right. Like, I'm going to like, they're going to call the
police. Like they're going to find out, like, I'm going to go to jail. I mean, like, look at the guy
we talked about a couple of weeks ago that did that whole crypto pyramid scheme thing, right?
Like it's going to happen, but in this space with all the anonymity
and, and, you know, the, the, the way to wash funds and, and again, I'm not saying this doesn't
happen in real life. It's just, it's easier in this space. So that's why like the whole thing
you said about like, Oh, buying a board ape or buying a pump PFP and then using it to become,
to launch collections and tokens. And like,
that doesn't happen in real life.
Like I wouldn't buy a McDonald's franchise.
Right.
You know,
like it wouldn't,
but I think you're,
you're kind of driving home the point of why I think these in real life
meetups are so important because exactly like once you've met,
like a,
some of these people,
you can just, you get a better read on them in person. They're not anonymous. meetups are so important because exactly like once you've met like a some of these people you
can just you get a better read on them in person they're not anonymous and i think they're much
less likely to do some of this the grifty extractive stuff like i think like part of the
reason you don't see that as much in like a country club or an in real life yacht club is because
they've met the person they know where they they live or they know where they work.
Forget about law. The amount of money that's been stolen in crypto,
I'm old enough. People get killed over this sort of stuff. In real life, you take,
forget millions of dollars. I don't know. Maybe I'm just because I grew up on Sopranos, but I'm sure know, do you feel like there's a, I'm sure there's
people that have been killed over stealing $10,000 or less, right? Like it's like, you just
don't do that stuff. Like be a good human. Don't you treat others as you want to be treated. You
don't steal from people. You don't. And for, you know, in an anonymous online world, I think people
do things that they would never think about doing if they met these people
in person, except for like the extreme evil people of the world, like the Bernie Madoffs,
the people who like, that's what they're going to do, whether it's online or offline.
I think there's this, I don't know, like some like fake veal, it's veil. It's not, but there's,
there's one of your mispronunciations. Also on words, something else,
this one's courtesy of Ape Whale, but something as I, since I'm pronouncing charlatan correctly,
I need to start incorporating sycophants more in conversation. That is a great word that very
relevant to not just today's conversation, but crypto at large. And that's one that I will,
that's my vocabulary word of the day is sycophant. Thank you, Ape Whale, for that. Back to you, Joey. Go ahead. Sorry that's one that I will, that's my vocabulary word of the day as a sycophant.
Thank you, April, for that.
Go back to you, Joey.
Go ahead.
Sorry for stepping on you.
Oh, we lost Joey.
Sorry, Joey had his,
Joey's getting rugged by X this morning.
He's getting really frustrated.
He just threw down his phone after X rugged him again.
Let's go Ilan.
Then we'll go back to Jed for response.
Then we're going to get Honey.
I'm sorry, we get Teacher Katie in here.
And then Honey, Jed, response. And then we'll get Ilan in here.
Yeah, no, I was just going to go back to Joe.
He said he disagrees with me.
And when I said that, I mean like I'm going to deal with people like Crypto Painter.
I'm going to deal with people like UCAP.
I'm going to deal with people I know that have been here five, six years.
I'm not just saying some random person that has a punk or an APFP.
My kind of thing was like we know the good actors here.
At least I feel like I do.
And that's without even shaking everybody's hands.
But like me, I got an IRL business.
I'm not going to put my IRL business on the line because of a crypto scam.
You know what I'm saying?
That's just me.
But maybe I'm wrong.
No, I think you're spot on.
Joey, back to you for a response since you and Jen were going back and forth a little bit.
And then we'll go Ilan, Teacher Katie, and Honeybee.
Yeah, real quick.
And Jen, I agree with you.
Like I've spent, you know, five plus years or whatever it is now in this space.
And I've become a much better judge of character.
But, you know, me, you, Cap, you you know all these other people that have been here
you know we we know who who who we can work with and who to stay away from and all that stuff
but like at large though there are still a lot of people a lot of very influential people
in this space that are still 100 anonymous and that have a large following that could at any point
drop a token, drop an NFT, right?
And people would foam at the mouth for it and they could walk away with millions.
I saw, this is the biggest difference.
This is where I'll give you a point on this one is in real life, if someone's a known
scammer or a criminal, they have zero cloud at a chamber of commerce.
They're excommunicated from those groups.
Whereas on crypto Twitter, if someone has a questionable past, and it's also like, how do you define it?
What exactly did they do?
Did their NFT just go to zero?
Because if so, that doesn't make them a scammer.
It doesn't make him a scammer. It doesn't make him a criminal. It's hard.
It doesn't make them a criminal.
It's hard.
But there are some people who have questionable paths, are known extractors, known grifters, but they have a big following.
And while they've extracted it, they've grifted it, they've been a bad actor, they've made some people money along the way.
And here, it's like they still have a platform.
They don't get canceled.
They continue to get the ability to extract, grift, etc.
Whereas I don't think you see that in real life. So I do think you have a point there.
Again, I think all this is driving home the value and the importance of these in real life meetups and these get togethers.
Elon, thoughts on this? Appreciate you joining us. Always a pleasure.
Elon, thoughts on this? Appreciate you joining us. Always a pleasure.
Yeah, dude, absolutely. I appreciate you bringing me up. I think we're identifying a lot of issues that we have here in this space, they'll have a following because people want to, you know, glean, you know,
money off of those scams because they know how the scams work and they think that they can get out,
you know, quicker than normies can get out. So that will always be an issue because primarily
the financial layer of crypto. But to sort of circle back to the sort of the superpower of Web3,
To sort of circle back to the sort of the superpower of Web3, you know, you have the ability to jump in communities and jump in group chats and you can identify, you know, those people.
The most important thing there is joining, you know, a network of people that are, you know, relaying information around these things. right like you're able to um if you join one of these communities nft communities a reputable
community you're able to uh navigate that community in such a way as to identify those people who are
uh freely and openly relaying information about you know not just the reputation of the people
you know in that community but in in the space as a whole. So again, I mean, there's a real sort of
incentive for a couple of things. Connecting, right, which is, you know, one of the primary
purposes of human beings existing is connecting with other human beings and relaying information
around, you know, the things that exist out there so you can, you know, move appropriately and in a way that
you want to move. And if that is to latch on to, you know, a grifter because you think that you can,
you know, chisel a little off of his grift, then that's always going to exist. But if it is to
actually, you know, connect with other, you know, people to sort of tap into the reputation economy in a network of individuals to put in the time necessary that it takes for that reputation to get built.
You know, these are all sort of sunk costs. And if you do grift, then, you know, you lose that reputation. But if you're here for the right reasons and you build that reputation over time,
you know, you have a real power here that you don't really have sort of IRL
on the global scale, right?
Which is what you're talking about, Captain,
is this is the global network of individuals.
And I, man, I wholeheartedly agree with,
you know, the IRL meetup thing
because it is, it's fantastic.
And it's a way to really connect, again, authentically with other human beings around something that you all have in common,
but also the opportunity to grow around things that people that you respect do or know about or that you want to sort of tap into and grow and learn about.
And again, that's another thing about the club, right, is that you're able to tap into
networks of really smart and people all over the world and really, you know, grow into
a better, you know, a better form factor of yourself by tapping into that network.
And to go back to what we were talking about earlier, it's like, yeah, building in a Bayer
is clutch, but I think the real founders, the people that really understand the power
of this thing during good times, they pour money into infrastructure, right?
The infrastructure that will be a force multiplier for the community,
and that infrastructure is the ability to have made by apes,
or in the garden, it was the garden passport.
So the team, the core, shares those resources in the good times that build out
the ability of the community to leverage those resources for a force multiplier of growth
in a bear, right? And so that's kind of how you hope this works. And, you know, I'm always
trying to keep an eye out for those, you know, for those founders
that are here for the right reasons and that are, you know, during good times or after a minute are
actually pouring time and effort and resources into building that infrastructure so that,
you know, after the fact, whenever, because, you know, a bear always will rear its gnarly head.
And, you know, with that infrastructure in place,
you have sort of a foundation
for the rest of the community to build off of.
Yeah, man, well said.
Agreed.
It really is...
I think part of the magic here in crypto,
part of the magic with these crypto native brands
is also, at the same time,
it creates some of the challenge. in crypto, part of the magic with these crypto native brands also, at the same time, it creates some of the challenge. Like it's very difficult. And the fact that it's,
while yes, we've been here for, you know, many of us five plus years, crypto has been around,
you know, predates us. It's this idea of like a decentralized club, a global club,
this idea of like a decentralized club, a global club, a, like it's,
it's relatively novel concept and how to support it,
how to quote unquote fan the flames from a parent brand,
a parent IP standpoint, it's,
everyone's still trying to figure it out. And so like, I don't,
I don't know all the answers. I just know how much I've enjoyed it.
I know how much I've enjoyed it.
I know how much I think it's some of the special sauce of crypto,
these crypto native brands,
is these network effects,
this dynamic of getting like-minded individuals in a room.
And a room can be a coffee shop, it can be a steakhouse, it can be a group chat.
I just sense, and part of what I see on
the timeline, when I see people crashing out or leaving the space is they're like, oh, my group
chats are dead. Again, doubling down on how important these in real life connections are,
whether it's a conference, whether it's a local meetup, whether it's a clubhouse. I really think this is kind of the glue that, and Hey,
hand up. We've talked about it here. Like, uh, there was one year Steve started really feeling
away around this time of year. Um, you know, March, April, like early in the year where
I think he had vividly remember not to pick on Steve. I'm just upsetting up. We're going to talk
about one of his posts here in a second that ties together. We'll go with Katie and then,
and then, uh, and then Honeybee.
And I'll set up the Steve's post really, really nicely.
But like ape, ape fest is like a,
sort of almost like a shower, like the, to use the Zig Ziglar, you know,
it's like, yeah, people, you know, motivation.
If people talk about, Oh, I don't need motivated.
I don't need inspiration. It's like, be like saying, Oh, I don't, I showered once. I don't need to shower again.
Um, I'm butchering the quote, but I think you probably get the point. It's,
it reminds us of, while these aren't just faceless, ain't on PFPs, there's real people
behind everyone. Well, not every one of these PFPs, most of these PFPs, there's a real person behind, at least in a space like this. I'm sure there might be a bot or
two out there. But the in real life meetups really drive home and remind how great the people are,
the opportunities that exist here, the networking possibilities, and the fun.
Like we're all, believe it or not, if you're here today, we share a lot more in common than not.
We can be on complete opposite sides of the political spectrum.
Well, it would be hard to be on opposite sides.
I try to be about as centrist as possible.
But someone could be a far-right MAGA.
Someone else could be a far-left no-kings protest this weekend.
And think in real life they're exact opposite people. The reality is we're here.
There's probably,
there's a lot more than just holding a digital asset that we share in common,
I believe. And, um, these, these in real life meetups really drive that.
I'm sorry for the, uh, the political reference, Chad, I know that's, uh,
not the, uh, it makes us feel a little dirty. And yeah, that's why I was referring to ape fest is like a shower, uh,
because it gets, it washes the political talk off of us. I'm sorry. That's that's, I blame you. I blame you, Zane. Yeah, that's why I was referring to Ape Fest as like a shower because it washes the political talk off of us.
I'm sorry. I blame
you. I blame you, Zane.
Teacher Katie, GM,
I have an idea what brought you up, but I don't want
to assume. What brought you
up this morning? Excited to have you on stage.
I'm curious to know, what do you think brought me up here?
I think it was UConn.
That's my guess.
Yeah, go UConn. What a game.
She's just coming up to brag yeah
no actually this you kept your speech you're speaking my language i mean i do in real life
meetups here in boston i've been doing them um anyone else catch the boston there but it's sorry
i'm actually i love it no sorry i'm actually from connecticut which is why i say go yukon because
my entire family went there but i got my little accent from living here for so long but anyway this is what i do like this is
my bread and butter this is i throw in real life meetups it started with v friends it started after
to be honest with you after v con and meeting everybody there it just put a spark in me i'm
like i need to see people more often because they weren't. Obviously, VCon was a long time ago, VCon 1. But we all started, there was a whole network of people
here in Boston. And I throw these meetups with two other VFriends, one who owns Blackbird Coffee.
So we have meetups at his coffee shop. And the other one who owns Trist Restaurant in Boston.
So we have meetups there as well. So it lends to having in real life meetups more often.
But the networking here in Boston,
and I'm not going to say like,
I opened these events to anybody.
It doesn't have to just be VFriends.
I've had Pudgies come.
I have people in the Boston Dow that I'm part of
that have come, tech people
who are building things in the background
that you learn things of what they're doing.
Such smart people that are really invested but they're not on x but they're willing to come
to like an uh an event they we come we have food we have um a lot of conversation the networking
is just unbelievable irl it's just i just think there's just nothing like it. I wholeheartedly agree. And for as much as I
want to see more like gated access and more utility and perks for these NFT holders,
at the same time, I think for, and maybe not all, but I think for a lot of these
in real life meetups, these in real life events, like I think the way is
open it up, bring others, like how are we going to grow our ecosystem?
How are we going to help others?
And maybe it's a plus one.
Maybe it's like he'd bring a guest that doesn't have the NFT, that doesn't have the access pass.
But yeah, I think that is part of the...
And it's also probably, I think, why I prefer...
Outside of ApeFest, because ApeFest, I think, really has done a good job of bringing in people throughout crypto, not just apes.
I think, I mean, every ApeFest I can remember, there's been people who haven't held an ape or a mutant.
And then within days or weeks following ApeFest, they go buy their first ape or mutant because of the experience.
I think that's proof positive that bringing in people that aren't in the community works.
I think it's also the why I, outside of ApeFest, why I prefer the art battles of the world, because it's not a crypto conference. It's an art conference that's got some crypto exhibits at, some digital art exhibits at.
And it's most, not all, but most of the meetups, the side events, a good portion of the people there are not crypto natives.
meetups, side events, a good portion of the people there are not crypto natives.
You know, people will meet friends and it's like so-and-so who holds an asset that was
required to get to this gated event, but the people with them doesn't even hold any crypto.
I think this is really how we onboard the next wave is a lot of 1v1. It's a lot of individual
onboarding, not, oh, millions of people are
going to rush in because there's some NFT mania. Great, Katie. Also, while you're here,
I have to share, I just went and looked at my bearish brackets and the one paid tournament
I entered, the one skilled tournament I entered, I have a final four of UConn, Ohio state, Arizona,
and Purdue pretty darn close of, uh, of one Oh two. I've got 73 points right now, but my,
I've got UConn to win the whole thing. And so, yeah, I, I do have a, I don't know if I can win
it, but I feel like I'm not going to look at the leaderboard because I'm going to tell myself I
still have legs to, to take this thing down because I got two of the four in the final four,
including we're going to, we're going to be.
And if I just hadn't,
if I had just had not picked Ohio state to be my, you know, my,
my upset final four, I might've, I might've had three or four here,
but anyways, I digress.
That's awesome.
I'm a, I'm a Yukon fan.
Jed, go ahead and respond.
And then we will go to, I think Honeybee was on deck.
Yeah, I was just going to say to T. Chikadia, I mean, I agree.
Like, I am going to have some, like, exclusive events just for Web3
where we'll be closed to the public.
But I think kind of the best way is having, like, you know,
a quarter of the restaurant, Web3,
and then a bunch of people that are just not Web3 kind of see the magic,
and that's what kind of brings people in and have them asking questions.
So, you know, I'm going to have trait-based dinners.
It doesn't matter which collection you are, but just say it's a zombie trait.
It could be an ape.
It could be a regen.
It could be whatever collections have zombies, whatever.
And it will be 15 slots, you know, available. So, cause I want to kind of infuse the,
the culture into, you know,
web two and get people asking questions, you know, that,
that's kind of my, my, my idea of what I'm looking to do.
Very cool. I also think you think about bringing people in,
if you've got three quarters of crypto natives and 25% not like,
especially if there's people that ever been to a chamber of commerce or a, group, any club, any of that stuff, it's very different. It's so
different. I don't even know how to best describe it. But for people that enjoy that sort of stuff
in the non-crypto world, if they come to a good crypto event, like they're probably hooked.
It's just, it's so much better. The people are just so much, it's like hooked it's just it's so much better the people are just so but
it's like it's like it's like the difference between like a stuffy trade show where people
are just trying to the only reason they're talking to is they want to sell you something they're
trying to land a new account to where most crypto events i'm at people don't even talk business they
don't they're not like sure some of it comes up comes up, but it's, it's really like,
it's probably much more likely you're going to have people talking about the
NCAA basketball tournament or major league baseball or fill in the blank,
whatever. And it's,
and might people go to like geopolitical stuff or things happening on the,
on the global scale, the macro scale, maybe,
but I've never had those conversations that I in-real-life crypto meetup.
It's usually just like fun, cool, and enjoyable stuff.
And in my experience, and I say this, like, I don't know,
like hopefully my gray beard gets me a little bit of clout in terms of experience.
I've been a member of Chamber of Commerce.
I've exhibited at Chamber of Commerce fairs.
I've been to BNI meetings.
I've attended hundreds of trade shows and conferences, and they're just better here.
So much better. It's hard to even properly describe what makes them so much better, but
it really is much more like hanging out with friends and like-minded individuals than an
adversarial client-vendor relationship. They than a adversarial client vendor relationship.
They're not adversarial. I had vendors that were great friends. We had a lot of fun together,
but that's why we hung out because we were at a trade show. It's not like these people were someone who became a close friend. I'm sure that exists, but I'm trying to think. I'm sure I've
had vendors who I would still consider. I do my catalyst if anyone needs a fixture uh retail fixtures like they were awesome and uh tate the
founder ceo there was someone i would i would consider a good friend we we will chat every
maybe once a year we'll just randomly talk um but very very rare that those were the relationships
more it was like oh this person's a quote-unquote friend
because I'm spending a million dollars a year with their business right now.
Or, you know, it's very transactional,
whereas crypto feels much more relationship-based.
Let's go Katie for response, and then Ilan.
And then we've got Honeybee's been patient.
I want to share Honeybee's post here in a second as well.
But yeah, Katie? So just one more thing on the IRL to share Honeybee's post here in a second as well. But yeah, Katie.
So just one more thing on the IRL.
It doesn't have to be a big group of people.
I've gone out for coffee.
I've gone out for dinner.
It's just getting together with like-minded individuals
who talk about what you're interested in
because my in real life friends don't get what I do.
And so it's a breath of fresh air to go out,
talk to people who know what you're talking about.
So it doesn't matter the size.
Yep, great call.
Great call. It doesn't matter the size. Yep. Great call. Great call.
It doesn't matter the size.
The very first ever Coffee with Captain.
NFT NYC 1?
Must have been?
Must have been the very first NFT NYC.
The very first Ape Fest.
Is it the very first one or the very second one?
My years are running together.
It would have been the very first one so very
first ape fest first nft nyc i attended before this show was a thing we had i threw out uh hey
i'm gonna anyone want to be up for coffee before we went to the nft nba or nftba um peter and or NFTBA. Peter and oh man, I can't, this is bad.
I can't remember.
Squiddy. Well, yeah, Squiddy was who I met up with,
but I can't remember who else was organizing
the NFTBA
besides Peter and
anyway, some legends
and got us all Franklin
dunk a basketball. That was
my jaw dropped. I was not expecting that.
Anyways, before I threw out, again, when we meet up for coffee, Squiddy was the only one. Squiddy and I met up
for coffee, had coffee with Captain. And then a month later, this show became a thing. But yeah,
it was a very memorable coffee meetup. It ended up inspiring the show. And it was one person,
it was two of us, two of us met for coffee before an event. That is a great point. You don't have to host ApeFest
if you're an individual wanting to do a community event. You don't have to host a VCon.
You can get together with one person for coffee and it is
a breath of fresh air. It's stuff that you're probably not talking about with a lot of the
quote-unquote normies in your life. And it doesn't
have to be a big deal. Back to like the whole
funding thing, like, can it help? Yeah. But it doesn't, you don't have to sit back and wait for
Pudgy to throw out some grants to get together or you get to, to spin up, oh, here's, you know,
anyone, you know, apply for a 25, like, you can just go grab coffee with someone. You can go
play paintball. You can go bowling, like go go to the driving range. Go to Topgolf.
There's things you can do with a handful of people
that
I think it makes a difference.
Anyways, great take.
Let's get you back in here and then we'll bring...
By the way, Jed, before we lose you,
Dorit says, need to have a science
trait night. Bring us into your test kitchen
and we'll develop a menu. I think you might be onto something there,
Dorit.
I love that trait in gbc love that trait i don't have it so no do it not until i get one uh ellen go ahead get back in here yeah bro i mean i
think you're you're really nailing it and i think again this is one of the you know most important
uh factors of plugging into these communities is you do it voluntarily,
right?
Like you do it from an intrinsic motivation point of view, not transactional, not extrinsic
motivation.
You're not trying to make it a connection, which on its face can seem sort of inauthentic.
I mean, you're really putting yourself out there.
I mean, you're able to connect with people who you wouldn't connect with probably otherwise. And I think that that's, you know,
that's interesting. It spurs within us, you know, this sort of speaking of not just authentic human
connection, but also knowledge about people, right? And I think that that's, um, again, a superpower of being in this space because you are able to, again,
kind of put your heart on your sleeve. You're able to, um, sort of stretch that,
um, that, that empathy sort of heart muscle, right?
Like you're able to learn something about somebody,
somebody else that you wouldn't otherwise. uh that's i mean i think that's
really really powerful and the people that are here and get it and have done it and have connected
you know authentically with somebody who they would never have connected with but for being a
part of this community being part of this uh space like the light sort of just kicks on and you're like, oh yeah, that's,
that's the stuff, right? Like, that's why I'm here.
Yeah. I think you hit on something there too.
Just a double tap on you talk about like the voluntary nature.
I think that is kind of unpack like why these feel so much more impactful and
real relationships versus the transactional nature of a lot of the traditional trade shows
and conferences is often, even if I was going as like, it was my business, I was going as a
self-employed entrepreneur. Most of the people there are going because they're, they have to,
it's their job. They work for a company and the company said, Hey, we're exhibiting at this trade
show this year. You got to go work it. And so instead of going to hang out with friends and
meet with people they actually want to spend time with, they're obligated to do so. It's not voluntary. They're required to do so because
someone's employee is telling them they have to, you know, their employee is someone who's
telling them they have to go. So I think that that is a big part of it. And especially now,
are there people who are employees that are, that have to go to some of these crypto conferences?
Yeah, absolutely. But I think it's, it's few and far between, especially during a bear. It's like the people who are there, like really, truly, most of them
want to be there. They want to hang out. They want to interact with other people there. And
it is just, it's for many, on many levels, a very big, very big difference. Let's do this.
We're going to go to Honeybee and then I'm going to go refill my, I guess if I
can say this right, I'm stealing this line from Diablito, who also went and got his coffee
here a little bit ago. That's not my best Boston accent. But I can't do accents just like I can't
pronounce words very well or mispronounce words more often than not. But I'm going to go refill
my coffee. I want to show Honeybee's post to kind of set up,
not that you have to go hear Honeybee,
but I thought it was a good post.
And you can expand on this,
take whichever direction you'd like.
And then I should be back.
I'm just going to do a quick refill.
I'll be able to hear you.
But while I step away,
if you finish before I get back,
Machiavelli or Cheezus,
if you don't mind taking the mic,
I would appreciate it.
But Honeybee, GM, welcome to the stage.
Yeah, you got to get your coffee.
Much better than I would have got, yes.
I'm from Long Island, so I got my bacon, egg, and cheese and my coffee.
You nailed it.
Come on.
It's essential.
But what everyone's talking about here, the way I see a lot of this,
it's very reminiscent to like
fraternities, at least to me. And maybe it's because I come from that background. I was social
chair for my frat and it's, you know, you're hosting experiences and events for people.
And it's because like experience and events is almost like part of like the ritual to like bring
everyone together and have a moment to create culture and to get everyone really like feeling like, Hey, I'm a part of this, right? You need that constantly. And I'm just saying
that people go to church on Sunday, you know, and you need that constant reminder as like,
okay, these are people that we're aligned with, people that have the same belief. Maybe you don't,
but like, at least I can discuss it. At least we have a common ground and we can discuss.
And I think a lot of it in this space,
I feel like we're seeing the maturity of people
like now being more selective, right?
Being like, okay, we've seen grifters,
we've seen bad actors.
So how do we filter that?
And I think events is like one of those filters, right?
Like you're like, okay, are you truly a brother?
Are you truly, you know, a sister?
Are you truly someone that really fucks with this club and this this movement that we're working together
and i i also think people to some degree feel entitled you know to when they buy their nft and
be like oh i deserve i bought into the thing so i should get access it's like yeah you have access
brother but like you just got in it's like if i were a freshman coming into my frat and being
like i want to be fucking president brother you just got in. It's like, if I were a freshman coming into my frat and being like, I want to be fucking president, brother, you just got here. You didn't even know what the
fuck is going on. Right. Like as much as you think you do, like spend a little time, talk to each
brother or sister one-on-one, get to meet people, get to see what's up. And then, you know, after
you pay your dues of time and like, you see what's going on, how the org works and everything,
then you can start leading your shit and people trust you. People have seen you enough and they start trusting you because at the end of the day,
money is a social currency, right?
We give it to those we believe will deliver on a promise or a service or a product or
whatever.
And I think a lot of what we're seeing now is just maturity.
I think people are not questioning, you know, they're like, okay, let's, let's start setting
up these rituals.
Let's start setting up these events and see like who the fuck truly is here
for, for the culture, for the people.
Yeah, man.
Well said.
And I, as I also was catching up on the chat there, I really, someone,
Machiavelli, you were talking about with Squiddy, and I am going to, like,
now I'm, like, on a mission to find out if I, I don't know if we got a picture of that
first In Real Life Coffee with Captain.
We have, our first big In Real Life Coffee with Captain was in a, was in New York at
a, shout out to Drew the Barman.
One of his buddies had a restaurant, Italian restaurant in New York, and we, it was in a, it was in New York at a shout out to drew the bar man. Uh, one of his buddies had a restaurant, Italian restaurant in New York. And we, it was like one of the ones where it's
like under, not underground, but it was pretty much underground. Like you walk downstairs and
it might've had, like, we were over capacity. Like we probably would have gotten in trouble
with the fire department. It showed up. Like we were overflowing out into the street,
completely blew our expectations out of the water. It was 8 o'clock during a conference.
We thought we'd have maybe a dozen people show up.
And we had, I don't know, 150 maybe in and out.
It was also Steve's birthday.
So I do have pictures of that.
We have a picture of his Seinfeld cake.
Steve's a huge Seinfeld fan, if you're not familiar.
Anytime Steve posts something, just drop a Seinfeld gift.
It'll make his day.
If you know, you know.
But I don't think we got a selfie or a picture of us at coffee that morning.
But now I'm going to miss it.
I'm going to have to go find it to see if we did or did not.
But, Machiavelli, since I invoked you, any thoughts this morning?
GM, welcome.
What brought you up?
Memory was quitting.
It ain't fest this year.
What's that?
It ain't fest this year.
I wanted to do a coffee with Captain.
I don't know if you remember.
And you're like, oh, I don't think we're going to get to make it happen or whatever.
And it didn't get to happen.
And I was sitting there, and Squiddy's about to leave Las Vegas.
And he's like, Machiavelli, I got a consolation prize for you since there was no coffee with Captain.
And I was on the first coffee with Captain.
And he gave me a cabbage grinder and
he said this belonged to cap and he said here i want you to have this and so i feel like i have
a piece of the history now from the whole indians because he's like damn it didn't happen but here
listen i'm not taking this on the airplane with me and neither is cap but i want you to have it
and he i was like i will take this and make it home with it
And yeah, just a fun little memory right there for baby
We're for the wreck for the official record. It was just a grinder. There was no flower in there officially
Actually, it was flower in there. He gave it to me packed full to be honest with you
I Man, I'm gonna get myself in trouble don't stop let's let's just continue
back on there i i love i just honeybee said something that meant something to me in this
whole thing because it's it's what he's helped us achieve with other games and stuff like that it's
like building that culture building that that experience coming coming together. Like when G-Spot put us all together as a team, and I think it was Honeybee's like being in a frat and doing rituals and all of this process that said, yo, like this is how we congregate.
This is how we build culture in the other side.
This is how we become communal.
And I think that it's worked out very, very well for us and stuff like that.
And I love seeing in this space that like, you know,
this all started with the Board of Yacht Club.
Crypto punks didn't make getting together cool.
You know what I'm saying?
The apes did.
The apes made people want to build clubs.
The apes made people want to come together
and create a brand that was larger than life
that's referred in an ecosystem.
And I think that our current, what we have now is a product of that.
You know, and I'm just happy to be a part of it, man.
Like every single day, to be honest with you.
Like I show up here for NFTs, for digital collectibles, for knowledge with like-minded individuals like yourself and Jesus that are delivering it into this ecosystem.
Because somebody needs to do it.
And we have some of the best doing it now. Yeah, i know i sound biased but i agree i think like board apes didn't just kick off like the nft mania from a jpeg standpoint this idea of getting
together these in real life connections like the real best place on the internet to join a club
best place on the internet to make friends like I do truly believe they kicked the... And they're not the only ones.
There's a lot of incredible communities now.
What came out of the NFT era
of 21-22, from my
understanding and what I've seen and experienced,
very, very, very different
than the meme coin
communities that are
for all intents and purposes, very transient.
Now, I guess maybe the
closest thing to it would be like the Bitcoin maximalist, but I think it's just very different
than what you see. I think they were, because again, my impression, like the Bitcoin maximalist,
the Bitcoiners that got together for years prior to Board API Club, my sense is that it was all
Bitcoin driven. The conversations were all around Bitcoin, the my sense is that it was all Bitcoin-driven.
The conversations were all around Bitcoin.
The future of finance,
it was all...
Their shared passions was around Bitcoin,
where I think with not just BoardAPI Club,
a lot of these other Web3 crypto-native,
NFT-native communities,
it's just much more than that.
It's much more diverse.
Quite frankly, as much as I enjoy an in-real-life ape meetup it's much, it's just much more than that. It's much more diverse. And like,
quite frankly, like as, as much as I enjoy these, like an in real life ape meetup or an ape fest,
like very rarely does the talk go back to board API club. It's just, it's just everything else we have in common. And so, yeah, I think you're, you're, you're onto something there. I hadn't
really given it a whole lot of thought prior to that, but, um, definitely, uh, definitely hits
before I go to flex tag. I do, I do have Steve's post pulled up here.
Yeah, the Vegas grinder story and the Apple on the ship. So I have told the cruise ship Apple
story before. I'm not going to go back there today, but the Vegas grinder story is actually
much, it's even better than what Machiavelli just shared.
Like, yes, that was part of it.
I might've had a grinder that I wasn't going to travel home with.
How I came upon that,
speaking of the difference between traditional trade shows and conferences
in crypto slash Web3 slash Bordecai meetups,
this is something I never experienced before at a traditional trade show.
I was at a side event.
It was at the Mike Tyson mansion.
And there was people running around handing out like boxes of chocolate bars.
And the chocolate bars might have been, what did you say, functional chocolate bars.
So good.
I could actually go for one of those right now.
I don't know why.
I just had a crazy.
This week, coffee is powered by Nordic Joe's coffee.
Next week, it's going to be powered by funky chocolate bars.
We'll just say that.
So someone's going around hanging out these chocolate bars.
The kind of chocolate bar you're probably only supposed to eat one square of. I think by the end of the night,
I'd have had about a half of a chocolate bar. And then, um, I'm not, I'm going to remain them
nameless because I'm not sure I'm not trying to get anyone else out on stage, but someone else
brought out like a Mason jar, like a big Mason jar full of, of flour, full of, full of, um,
like a big mason jar full of, of flour, full of, full of, um, of nugs and like take some.
Long story short, I wake up the next day after eating a chocolate bar, a functional chocolate
bar and, uh, enjoying some flour. And in my, I go into my jeans pocket and I pull out and it's
just, I don't know. I don't like, so yeah. Anyways, I'm not doing this story justice. I'm trying to dance around my words here, but I, you know, basically just gifted this giant bag of, of flour in a Mason jar and just take whatever you'd like and ended up with a handful that went into my pocket. And then eventually some of that ended up in the grinder, which ultimately Machiavelli got some of that.
Squiddy, I see you out there now.
I did post our picture from – I believe it was Machiavelli who took this picture, right, Mac?
The Squiddy picture with me, the two of us leaving Ape Fest?
Yes, yeah, that was me.
That was me, yes, sir.
So Machiavelli is the fine photographer here.
I think this was Machiavelli.
He said we're going to pretend this was the very first coffee with Captain where Squiddy and I met.
But Squiddy, my question is, I was going to go to a mission today.
I'm glad you're out here because I can just ask, did we take a picture of that first in real life coffee?
I don't like I'm kind of having to film because I don't think we actually snapped a picture of the two of us while we were there.
sure of the two of us uh while we were there if so if you have one i gotta have it but um um
If so, if you have one, I got to have it.
yeah and speaking like just doubling down on that now it's all coming it's all rushing back to me
as we're having this conversation today dilla says the rogan show at the mothership at consensus
was fun af i agree also not an exaggeration now part of it i do think part think part of what stuck out so much that night was,
if you've never been to Comedy Mothership, which is Rogan's comedy venue, I guess,
venue comedy club in Austin, Texas, is that you go in and there's like a waiting area, basically.
The first room is like a bar where you can grab drinks or whatever.
And then you go back.
And when you go back,
you got to lock your phone in a bag.
So no phones in the entire thing.
It was the most,
like we just laughed the whole time.
And yeah, sure, the comedians were great,
but I don't remember a single like joke or anything like,
oh, that was an awesome set.
It was rather every single person there,
we were all present.
Like we're at a rounded table,
I don't know, eight, 10, 12 of us, there was a few tables. And every person was like present, engaged in the conversation
because there was no smartphones on the table. And while I'm someone who I do my best, like I
consciously want to be present when I'm in a situation like that, I don't want to be on my
phone the whole time. We're all human. You get a notification, you pull out your phone, you check
it. And then you compound that by a dozen other people. And rarely, if ever, do you get a notification, you pull out your phone, you check it, and then you compound that by a dozen other people. And rarely, if ever, do you get 100% of the people who are all there. They're
all present. They're all focused on exactly what's happening, not what notification they just got.
So yeah, the comedy, the Rogan show at Mothership was awesome. It was great people, great friends,
but I think also the lack of a phone. Yeah, Girl in the verse was there, like just an incredible time. And it stuck,
it just has since it stuck in my head that like, man, there's more of this.
We need more live events, sans phones,
I think would be, would be very impactful.
I am going to pull up this, this post of Steve's I did.
Cause it does,
it does kind of tie in to what we're talking about this morning.
We haven't went deep on, quite as deep as I thought we might, but we're not going to interject.
But remind me, I do got to get a market update here in a few minutes before 10 o'clock hits.
This was a quote tweet.
He quote tweeted Andrew, who said, no media is bad media when you are the media.
Andrew said, crypto leaders debate
dropping NFT term for digital collectibles. He had posted the X that Grok ran with.
By the way, one that we didn't talk about today, I thought we'd talk about a little bit was the
whole Japan becoming best friends with American Twitter over the weekend. Pretty incredible. And I truly caught myself multiple times
wondering yesterday if people not on X had any idea this was taking place, that Japan and American,
Japanese and Americans just became best friends over the weekend. Talking about barbecue in Texas
and so made me think of it talking to Austin. Terry Black's got to hit it up,
by the way, if you're there. But before we get to the rest of the hands here, Steve then quote
tweeted Andrew's post and said, in his opinion, it's not about replacing NFTs with digital
collectible. It's about replacing NFT with what the thing is, a ticket, a sports card,
a membership. People didn't replace MP3 with digital music. It's Spotify, Apple Music,
or the song you're listening to. I thought that was wild. Maybe it may seem obvious to some. I
really do think it's... We've been saying a lot of us, this is just Andrew, myself included, said,
oh, we need to replace NFT with digital collectible, with digital asset, digital art,
or just call it art, right?
You know, like it's a membership.
It's a membership to this club.
It's not an NFT JPEG.
Like that's part of it.
Like is a party backup also art?
Yeah, sure.
But like this idea of the technology that I think is not going anywhere,
it's going to underpin everything.
Shout out the, you know,
the everything token there behind my shoulder,
like spot on and hadn't really,
cause I think I'm one who has said like, oh yeah, let's,
let's replace NFT with digital art or digital collectible.
And while that could be the case for a collectible,
it's just, it's just much more than that.
it's just it's just much more than that like if you're if you're talking about like what jed's
Like if you're, if you're talking about like what Jed's building,
building um um you know you might might lead with membership um let's let's do this i saw we had
simple farmer and flex tag both jump jump up on stage and then and the jed came back up um let's
go let's go simple farmer by the way congratulations on Pixel Pups
we've talked about it a few times since we last had you on the show
coming out cooking
let's do this let's go Simple Farmer
and that'll actually be a good segue into our
market update then we'll come back for the rest of the hands
Simple Farmer GM
Hey GM, GM guys
I was listening to the earlier conversation
and thank you for the compliment
with Pixel Pups we're really going to try to bridge the gap
between the highest level DeFi that is in the space and NFTs.
And I think the anvil has been a good first step.
And then this week, we're going to introduce something called volatility farming.
That's also going to allow users to tap into yield using their Pixel Pups
and eager to bring this technology in a permissionless nature
to let all communities use it if they choose to
do so for their uh i just think there was people doing a lot of right things with nft amms but i
think they kind of missed some key features which are really important to actually unlock
the highest level which would be of course with an nft amm getting the nft token the proxy erc 20
listed on a centralized exchange i I think that would be a
game changer for NFTs as a whole. But what was, as someone was mentioned earlier, I think Joey
said, and he actually makes a really good point is that there's, it's unacceptable that we're okay
with having scammers in this space. But also, there is an issue with the fact that crypto has now
become, as the audience becomes smaller, obviously, you get communities and you get community leaders. And sometimes it's KOL, sometimes it's just regular community leaders who dictate what everybody does.
Now, that is not actually so far removed from like organized crime enterprises.
and one of the issues is more than just people getting scammed, obviously, for money,
is that instead of merit-based success, you get attention-based success.
And then you maybe don't see the best products in the space succeeding,
but instead you get the loudest people or maybe, you know,
you could call them great marketers, but what they really are are great organizers of humans.
The issue is that is a major point of centralization.
And all centralization points are the weakest points we have in crypto.
That's what causes hacks that we've seen with centralized exchanges,
hacks with most protocols that we've seen.
And it's the same thing.
This industry we're in is supposed to be based on decentralization.
And so I would just love to see, especially during this bear period,
that we move back towards that merit-based society
where the best builders build the best products,
they get the attention they deserve.
And then I think that way,
we'll get more long-term investors
instead of short-term flippers
as individuals in the space.
I love it.
I love it.
Thank you for sharing.
Appreciate you coming up and congrats on the success
and appreciate you continuing to build and ship
and experiment and do new things on chain.
Speaking of builders, you're helping me out here.
We will get everyone else that just jumped up in some way
and Andrew who we were just talking about,
join us on stage.
We are the media now.
And Shalowen who's also been bringing some fire to the show.
I see we got FlexTag on here as well.
Hizzy just dropped a VCon 2022, I think, VCon, where I was rocking the FlexTag.
And speaking of builders doing big things and big news, before we get to the daily market update,
just want to give our guy Duka, the founder of Awaken Tax, some love. Big personal news.
Got engaged last weekend in Japan. She didn't want her face on X, so he covered it with the
thing he loves second most, that Awaken logo. Big congrats to Duca. It's this big underscore Duca is his handle if you want to go
give him some congrats on the post. Big fan of Duca and all that he's built. Speaking of what
he's built, Awaken Tax, the best tax software in the place. Duca is very much in the trenches.
It's tax software built by crypto people. And it continues to
update, continues to provide new features, new benefits, including the 1099 DA form that you
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Send to awaken.tax and save $50 off using code COFFEE50 or return COFFEE. If you're a returning user, again, awaken.tax code coffee 50 or return
coffee 50. And with that, we're going to play a quick intro here, and then we'll be right back
with our daily market update. This is our daily market update brought to you by Awaken, the smart tax way. From crypto flips to deep buy snacks.
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Grab your coffee.
Let's break it down.
Daily update right now.
All right.
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Save $50 off your tax software over at Awaken.
Looking at our market, like I said, we look up big.
We did kind of crash over the night and then a nice rebound since Bitcoin up 1.5% to 67,639.
ETH up 3.88% to 20,067.
BNB up a percent.
XRP up 1.65.
Solana up 2.75 to 84.21
Tron is flat, Doge up 2.67
The only one down on the day
for the most part is Hyperliquid
Hyperliquid down 2.31% but still holding
strong at 38.27
Not too shabby
Heading over to our NFTs, before I go
to the market update, reminder you've got
about an hour an hour and 11
minutes left on the Botto open edition. No obligations. It is about a $25 man. I'm in
one this morning and I don't know, maybe there's nothing there, but Botto is doing a, uh, exhibiting at Art Basel Hong Kong, which I think is wrapped now, but they are, again,
$25 mint. It is 0.012, floor 0.016, very little volume, but there has been some volume.
And again, 765 have been minted, 324 holders, probably nothing there. Don't meet with any expectation,
but for $25, I'll take a shot.
We will see how that plays out,
but do your own research as always.
I'm not a financial advisor,
so maybe not your financial advisor.
Just join us for the fun, the information,
and a little bit of education along the way.
Looking at the rest of the NFTs,
we had Pudgies down 1.6% to 4.05.
Do they hold four this week?
People are asking.
Hypers, 392.
Hype, down 3%. Azuki, down to 0.68, down 1.7 on the day.
Punks are flat at 28.75.
Apes are flat at 5.2.
Little Pudgies, 0.42, down 1.5% on the day.
VFriends, flat at 1.29.
Moonbirds, the biggest drop on the day, Down 5.6% to 0.84.
Normies down slightly, basically flat, but up to 0.10.
I think Friday we might have been talking about them at 0.05.
So big run up for Normies.
Mutants down 1.1% to 0.74.
Quirkies down flat, basically 1.15.
Nakabigo's 0.1.
Kid Called Beast, 0.17.
I think I saw our guy, Dork, just picked up a first Kid Called Beast.
Congrats on that snag.
Milady's 1.13.
And Chimper's 0.63.
Del Mundo's back up to 0.07 after Joey sold his, up 9.4% on the day.
I enjoyed having Benny on the show last week talking about their physical mint doing it for a good cause.
Doodle's down 1.1% to 0.48. And that is our daily good vibes club, 0.62,
down 8.8% on the day. Might be getting close to my range to look to reenter there.
Squiggles flat at 2.5. And that is our daily market update brought to you by Awaken Tax.
Again, head to awaken.tax, use code COFFEE50 or return COFFEE50 for $50 off your tax prep software. And while you're at it,
go give Duca a big congrats on the engagement over the weekend. With that out of the way,
let's go to, I think, let's go to Andrew. Andrew, we were just talking about you a little bit ago
on We Are the Media, talking about we need to replace NFT with the digital collectible.
Steve came over the top, not disagreeing with you, but adding or his version saying, yeah, taking it one step further.
Let's call it what it is. NFT, call it a ticket. It's not all just digital art. And he used the example, we didn't call MP3s digital
music. We refer to Spotify or Apple Music, et cetera. Thoughts on that, Andrew, or want to
expand on your, we are the media now, or the, I do agree we need to drop the term NFT. Whatever
we replace it with could be a slight small debate, but I think very much so, NFT is not doing, using that term, using that acronym is not doing us
any favor. So I agree with you wholeheartedly on that. GM.
GM, I appreciate the shout out. Yeah, I agree with Steve. Misconception that exists throughout
the world is that we disagree on more than we'd like to believe. We actually agree on more than
we would like to believe.
That's a world thing.
I agree with Steve.
Maybe digital collectible is not the right term.
I think that collectible is the right term.
It's definitely on a case-by-case basis, like Steve said. So I wholeheartedly agree with that.
But everyone agrees that the NFT term has to kind of, I guess, kind of go at this point.
Even if you still scroll
Instagram or TikTok and people are making NFT content, which is not happening a ton in
this current market, in this current, you know, I guess era venue, whatever you want
to call it.
People are still negative around that narrative.
So that has to go.
And I'm really glad that despite all people agree or disagree with the post that or the
couple of posts that went, you know, pretty talkative over the weekend, that people are still willing to have those conversations,
that people are still willing to discuss these things.
And people are still looking kind of with a forward view, forward motion on what is
to come and what can be.
Because if you try to spark any conversation around certain other narratives in crypto,
whether it be InfoFi, whether it be pockets of DeFi, meme coins, all that stuff, people
won't even don't even want
to entertain that conversation. But the fact that people are willing to have these conversations
about, you know, collectibles and all that stuff within the industry is super, super bullish. And
I'm happy we're able to spark that this weekend and let it be that at a weekend, not even a weekday
is even more telling that there's that there's still a thirst for these things to break out.
There's still a thirst for teams to get it right in a big way.
And for me, working with the guys at Cleaners was obviously super,
super exciting for us.
And I appreciate you sharing.
I appreciate you inspiring the conversation of the weekend.
And just double tapping on.
We all have, I think, far more in common.
We agree on far more things than we disagree on most often.
And, yeah, more people like yourself pushing those conversations forward.
More people like Jed bringing the people together in person.
Jed, go ahead and get back in here.
I hate the term collectible or digital collectible.
I don't think any one of us would have bought NFTs if they were just collectibles.
Well, the day that and the
founders started calling them digital collectibles i'm like oh we're we're
we're because that's not what it is right that's not what we all bought in for we bought in for
you know uh different reasons whether it was networking whether it was uh you know some type
of utility i mean look what farmers doing with with anvil like it's more of a financial vehicle
um so i don't know i i think i i have a lot of conversation with other leaders about verbiage Look what Pharma's doing with Anvil. It's more of a financial vehicle.
So I don't know.
I think I have a lot of conversation with other leaders about verbiage and Web3, and I think a lot of verbiage needs to change.
But to lose the key word, I don't know, man.
It's just hard.
Straight Pressure agrees with you.
Straight Pressure says in the chat, people are skeptical about cryptocurrency.
They are skeptical about Bitcoin after all these years, but we're not going to change the name of Bitcoin, are we? Valid pushback. Go ahead and continue.
Sorry for the interjection. Jed, the thing is, all those things can be still true,
despite if the framing was to change. If people start calling them digital collectibles or collectibles, whatever it may be, and that frame is up to, I guess, the collection or up to the
team that's doing it, I think all those things can still be true even though if the framing of those things does change. I think it's a way of kind of how
we're going to package this moving forward. But all those things can be true. I mean collectibles
in a native space are literally still a monetary vehicle. Kevin O'Leary literally purchased some
of them for you know three four hundred thousand each a piece. Jeremy had purchased some of the manga books from Naruto, one piece.
And then I think there's another one literally for about almost 300K, like about a month ago.
So there's still so much, you know, investment vehicles.
You also see funds getting into this, you know, asset sector as well.
So these things can all mean the same thing, package all into one.
So these things can all mean the same thing, package all into one.
But I think that collectible could be a more attractive term,
broad scope, wide scope, wide net,
only because it's something they're very, very familiar with already.
People in crypto may not like it.
I understand why they may not like it.
But generally, the world takes to those things very well,
especially if you watch UGC content.
That's obviously UGC content, same thing especially if you watch ugc content that's
obviously ugc content same thing if you watch it on tiktok or instagram like the word that they're
constantly using is like collectibles and obviously there's like sub niches with that with their tgc
there's animation cells there's other things that obviously come through that but i think as an
overall um thing all those things that people care about here the speculative value the the
path you know the access uh get access all that stuff uh the network capacity all those things that people care about here the speculative value the the path you know the access uh gate access all that stuff uh the network capacity all those things like the event
you put on can all be part of the collectible space um there's people that have been collecting
pokemon cards or even plushies or even whatever it may be for 20 30 years and most of their friends
are met through networking events so collectibles can be a gateway for networking as well it's all
about what we want how we want to position those things, but I think it's all-inclusive.
Digital asset, I would say, is better.
I still don't want to lose the term NFT, but again, you're talking about the top brands in the collectible space like these ips are all brand new like why is somebody going to want to buy
a uh you know some of these random you know projects 99.99 of them just buy their collectibles
like i just don't see that uh that's why i think losing like the the the niche behind the the
collectible aspect of it is is a bad move does that make sense? It's interesting. I hadn't given it
that much thought.
My brain naturally tends to
side with Andrew and then Steve.
We got to drop the NFT, but I see
several others in the chat agreeing with you. We shouldn't
lose NFT. It's part of what
makes them different and
unique.
Yeah, I don't know. I think I still
know that NFT itself is not there's more I don't know. I think I still know that NFT itself is not, there's more,
I don't know. NFTs are inevitable, Cap. I agree. However, I'm not sure it benefits all to be
leaning into NFTs, depending on what they're building.
Maybe for some, but if it is
a ticket, I don't think you need to call it an NFT.
It's probably going to turn more people off
than it's going to get them to use it.
I don't know.
I guess I'm undecided
after I came to this today
thinking I was pretty
decided that NFT should be
removed from a vocabulary. But I am
slowly being convinced otherwise. We're going to get a shadow on next. I dropped the bat signal
earlier inadvertently, but I mentioned Terry Blacks. We were talking Austin and Comedy Mothership.
And if you're not familiar, anytime with Terry Blacks, if you ever want Shallow to join your
to join your stage. Just mention Terry Blacks
stage, just mention Terry Blacks and like the bat signal will pop up. Shallow and GM.
and like the bat signal will pop up.
Shiloh and GM.
OMG.
Why do you always do this to me? I always feel like you're just
gaslighting me every time I enter this page.
Perfect.
I'm also a big fan of Terry Blacks and I wish
I wish I had a receipt like you have
to prove your love and affection for Terry Blacks.
Absolutely.
I think this is a great topic, but I think the reality is
this is the wild west, right? And any like entrance into these spaces, whether it's again, Web 1, 2, 3, 4,ation required to change that dynamic, that inertia. So although I agree with Jen, I also think
how you position yourself as an OG and how you want to look at these things is different
from also making it more consumable by a wider audience, would make you hit on as well, the
same thing that Steve is talking about. The reality is we can't be fixated on the terms.
The reality is we have to be fixated on the ability to be relatable in a way that people and be fair
collectibles is such a huge like audience and market share of like what people do right i mean
you're talking about cars you're talking about things like um you know coins stamps like the
list goes on and this is over hundreds of years old, right?
Of people collecting things.
So I actually liked the term.
However, it's also on the ownership of the founders
to actually pivot and position, not the terminology,
but what their actual product market fit is.
I think that's the larger conversation.
The things that are impactful to like way people perceive
these things is also how people enter.
And so the reality is, yes, you can talk about the NFTs,
but the same thing like with the internet, do we talk about IP this?
Do we talk about, you know, all the lexicon and the terminologies
of how these things are technically given?
Usually not.
At some point, it fades away.
I don't, you know, it's like ISDN, you know, all these other like, again,
acronyms that could mean a lot of things.
But the reality is, is how does that impact you?
What's the importance of what the NFT is and isn't for you, right?
For me, I've done it all from RWAs to memberships to, you know, just pictures, right?
And POAPs.
But I think what we need to really focus on is how do we impact the people that we're interacting with in the space?
we impact the people that we're interacting with in the space and how can we show them they're so
much more larger than the fixation on token price or floor price or all these things that are part
of the incentive of being in a space but it's not the full capture and I think that's the problem is
when we isolate these things to terms then we deal with the baggage that come with and the more
important thing is how do we do this in a way that transforms the way people relate to it in a way
that's tangible and more importantly that's sustainable yep well said man it might find far more important
than what we call it is what is it what does it provide what's the value proposition uh dwe says
he's fine with nfts the general term on the flip side b epic says so many rugs nfts we need
rebranding maybe i i think part of the rebranding is what do you get? Other than number go up in a speculative bubble,
I think that is probably what drives home
the next wave of adoption is the teams,
the founders, et cetera,
driving home what the thing represents,
what it means, what utility,
what access it gets you.
It could just be a collectible.
It could just be art.
I think many of them,
and part of the power of NFTs
is it is programmable technology that can,
whatever it is, it can be better than its off-chain counterpart.
DeFi addict says, terminology is everything.
When I'm talking blockchain to normies, I lose them.
But when I talk software, they can relate.
When I talk NFTs, I lose people I'm speaking with.
Talking about digital collectibles, I still have their attention.
So yeah, I actually do see both sides of this.
Jed, go ahead and get back in with the response,
and we'll go ill in, and then we'll wrap up with FlexTag.
Yeah, I mean, the biggest problem I've had, you know,
trying to onboard my friends is always kind of, you know,
how do I make money with these?
And, you know, trying to explain to them that there is, you know,
you got a community, they kind of pump,
but that's why I'm saying, like,
things like Simple Farmers Build with Anvil, you know, that's a community, they kind of pump, but that's why I'm saying, like, things like Simple Farmersville with Anvil,
you know, that's the kind of stuff I'm interested in.
I want to see more ways we can tie kind of the success of the enterprise into, you know, direct success for the holders.
So I think, you know, more alignment between the teams
and the holders in a more transparent way is the way to go.
Yeah, fair.
Elon, thoughts?
Yeah, it is crazy, the conversation,
because it is so clutch to the reason and purpose that we're here, right?
And that's like this innovative wave, tip of the spear type thing
where it's hard to define and to call it sort of a digital
collectible doesn't encapsulate it right like but at the same time you got to understand like
you know jobs didn't all he called the iphone the iphone for a reason it wasn't just a phone right
like that didn't encapsulate what the thing was he had to make it skeuomorphic so that the general
population was like oh this is like a phone, but it's an iPhone.
So it's a little, you know, it's a little different than just having a phone in your pocket.
And there's a whole big, long conversation about, you know, innovation and skeuomorphism
as far as the ability to sort of translate what it is that you have to, you know,
the population that you're trying to reach with, you know, the product,
for lack of a better word.
And, you know, I come down on all sides of this, right?
Because I think there was an inherent promise at the very beginning.
Most of these NFTs that, you know, this was an ownership stake, right?
Like this was more than a quote-unquote collectible
you weren't a bystander this isn't this isn't a unidirectional relationship this is a you know
a bi-directional relationship where you're not just uh you know you're not just a consumer right
like you're an active participant there's information flow to and fro the team. Like you're building this thing together.
You're not just consuming it.
So, yeah, I mean, I think, again, this is a problem we've had for a really long time around the vernacular of this space and what we're going to call it and how we, you know, attract not just the minds, but the hearts of people to understand that this is a different thing.
This digital community, this online community is a wholly different thing than a digital
collectible like a Pokemon card that's been digitized. This is a brand that you're a part
of, that you hold ownership in in that you have agency over right like
you have agency over its evolution um and and these are all very very groundbreaking things
uh for for people to really uh wrap their heads around once once they sort of see right like this
this space or these things are like what is this this? It's this NFT thing that thing got,
you know, that term got definitely outside of our control, you know, during, during the,
there's sort of the bubble. Right. And, and so I think like, it is really up to us to either redefine that term of NFT. Now that there is like a very, very core community of people that are
here building, doing the right things and, and, right things and promulgating these brands that are now becoming,
you know, global brands and recognizable brands
to say, yeah, like either, you know,
this is an NFT, right?
Like these are what NFTs are.
And this is a showcase of those NFTs
that are out there doing the right thing.
And this is how you get involved.
And it is a membership and it is ownership and it is agency over the larger organization.
And that's a different way of being than just like a consumer or an owner of a digital collectible
that has an arm's length relationship with the brand itself.
It is actually much more intimately intertwined into the brand.
So, man, this is a great conversation.
Probably deserves its own show.
Mike, drop my left there, bro.
Yeah, we might have to run it back.
Wealth Creator, by the way, says,
digital asset excludes 99% of the use case for NFT technology.
Digital collectibles is even worse.
I did not think, you guys are pulling me back to,
I don't think it's NFT,
but I agree with actually most of the takes
on both sides of this conversation.
What we should replace NFT with, if anything.
And I think where I know is,
while I don't know exactly what the best branding
or what would be best from a PR standpoint or get other people open up to being NFT curious or hearing about what it actually is, I do think at the end of the day, what probably more important than what we call it. And if it's, it adds the value that most of us here believe it can, it's become semantics on,
and not that important of what it's called. But I saw we had Hans jump up my, one of my favorites,
especially over in the abstract chat. Yes, he buys my love with all the big Pingu tips over
there. I kid, but not, not kidding. I was sweating, Katie. I'm sorry. I didn't take off my hoodie
just because Simple Farmer jumped up
on stage. I don't know if it was the coffee.
It could be that Nordic
Joe's coffee. It really got me worked up
this morning. Could be this NTT conversation.
I don't know what it was, but I was pitting out under
the hoodie. I couldn't take it anymore, so I had to
shed it.
Hans, GM,
we'll get Flex again here next to take
us home. hans what part
you up this morning hello uh yeah good day um well this was the conversation about the nfds and and
in my opinion people are mixing up the receipt with the product i mean the nft is just the proof
of ownership and ownership of what is the question yep but you cannot call the receipt the product. And that's what's been going on here.
So, it's just that.
If you explain to people that this is a digital proof of ownership engraved on a blockchain
and it rests in a wallet, and that's what it is.
Most of the people don't really own whatever is the proof of ownership of, but that's a different
story. But it is not that much. And that's why I think you should not try to call it
anything else than the receipt of a digital product.
Yep. Yeah, I think that's, it is, whether it's got good, you know, good connotations or negative connotations to NFT, it's very limiting. It's much more than, it'd be like calling, it'd be like calling everything software. Oh, my, my Discord is the same as Excel, is the same as Claude, is the same as Tetris. Like, yeah, they're all software, but they really don't have much in common they're all very
different and i think similar with nft nft is is is receipt also a smart contract also technology
that underpins the thing but the thing it underpins is is can be anything could be any almost
anything it could be a house exactly it could be a house could be a domain by the way we don't have
an rwa keeping a real segment today,
but I do want to share because it goes live at midnight tonight.
I'm going to have to have some words with my friends over at DOMA.
They're launching rides.com.
Launches in 13 hours and 48 minutes.
Goes live at midnight Eastern time.
So I'm not going to stay up for that,
but I will be,
the first thing I'm going to be doing when I wake up tomorrow morning around four is probably picking up
some rides.com tokens
over there on DOMA.
Go check it out at DOMA.xyz.
And I think they actually have a,
probably is wrap, but at nine o'clock this morning,
they had a Discord chat with Richard,
who owns rides.com and is bringing it over to DOMA.
I also did a interview with Richard on DOMA on air segment last week.
You can find that on the DOMA protocol X handle.
FlexTag, GM, sir.
Appreciate your patience.
Take us home.
Final thoughts this morning.
Hey, Captain.
Beautiful space as always.
Great hosting.
Thanks for doing this.
Yeah, I mean, I had so many thoughts on this whole discussion
because obviously, you know, I've been in the event space for a bit now.
I've been traveling to all of these conferences last year.
And I was actually at the ITB Berlin a few weeks ago, which is like the biggest travel industry conference in the world.
And this crowd is obviously totally different, right? quote-unquote web to or like more traditional events or conferences is that you know they're
organized around you know pipeline partnerships lead capture and really optimized and making like
the event economically durable and that works totally great um but like with nft paris getting
canceled and you know the market is down like web I think, doesn't have an event demand problem.
It's just that the format isn't really
fitting the demands of us, the attendees.
Because as much as these flagship conferences still
matter and the main big event, the real value unlocks,
they usually happen at the side events.
And so I think we kind of have to move away
from the current very
centralized sponsorship heavy model because it's just a bit misaligned like i was talking to someone
from a major nft project recently i can't name it now but um you know they described that 2026
strategy is moving away from like these big blowout events towards more smaller, more frequent activations
like dinners or mixers
because like the value per dollar
on a 50 person dinner,
you know, with the right holders,
with the right people,
like intentionally set,
it's a whole different thing
and much more easier to organize
than like a massive,
you know, event with,
you know, got to organize a DJ,
got to do this, this, this.
It just blows everyone's budgets as well.
So, and at the same time, I feel like there's something, you know, got to organize a DJ, got to do this, this, this. It just blows everyone's budgets as well. So, and at the same time, I feel like there's something, you know,
people still kind of underestimate because obviously, you know,
as we talked about this before, the collectible dimension of this space is,
it doesn't really exist in the traditional conference space, you know?
Like we go to these conferences because we, these conferences because we've met people online. It's much more personal.
And our digital assets, they mean something to us.
We want to wear them proudly.
We do that here on X.
And so this emotional relationship between us as individuals
and our personal digital identity is very unique,
I think. And putting that on to a physical thing, I think that's where the real value unlocks when
we meet in person at these events. And I feel like the Web2 conference space, they will get to a
point where a physical identification layer will
become inevitable because the demand for these in real life meetings events conferences will just
increase right especially with you know ai and automation and like human connection cannot be
replaced by ai automation and whatever we do digitally. Right. So I think it's very simple.
Like people want to be recognized for who they are online.
We solve that. Right.
With Web3, we do that on chain, but like in person,
we kind of still being handed out these like paper badges.
Yep. Nope.
Agreed. Well said.
And I think you mentioned like a lot of these companies
going from the larger conferences where they're going to pay $25,000, $50,000 to speak on stage and be a sponsor at the main conference.
That still will take place at some of the flagpole events.
But I think for most, it probably makes a lot more sense to get behind and support some of the smaller meetups, more impactful meetups where you can have a real impact with a group of 50 as opposed to
50,000 people at a conference, 5,000 people at a conference, but 50 of them may see your
presentation and five of them may care. So you gave me an opportunity to show loose planning
right now, nothing confirmed, but I've been in talks about hosting a dinner, probably a creator dinner, but open to going a different direction for one of these said brands at Consensus Miami, which is about a month and a half, not even a month and a half, like six weeks away.
It's May 5th through 7th in Miami, Consensus this year.
looking at doing some stuff there. In addition to Bitcoin Vegas, if anyone is interested in
some assistance, whether it be emceeing a small event or hosting a dinner,
my time and effort and help can be bought. And it's pretty affordable. Typically, I'm looking for
just cover my travel expenses and I'll work with you. Got to get paid a little bit depending on what we're doing.
But talking about some stuff right now for Consensus Miami, as well as Bitcoin Vegas, and more on both of those soon.
But really enjoyed the conversation today.
Yeah, I'm kind of taken back a little bit because I thought I had my mind made up.
And as I was presented with new information and some new thought and different takes from the speakers today,
I have kind of reconsidered how I'm not necessarily anti-NFT, like the phrase, the acronym, as I might have been coming into the show today.
Some very good points on that front.
I think I'm still thinking on this, but kind of where I netted out,
DeFi addicts said, it's okay to talk NFTs with people that are NFTs, but if you're speaking to
normies or people that are in other collectibles market, changing the terminology is key to keep
their attention. I said, yeah, at least not leading with NFT. It's fine to talk about NFT,
but I think a lot of people are just going to put up a wall. They're just going to shut down
as soon as they hear the phrase NFT come out. So something to keep in mind.
Really enjoyed the conversation today.
We'll be back tomorrow at 8 a.m. Eastern Time.
If you're new here, if you just found us,
we do go live every Monday through Friday at 8 a.m. Eastern Time.
Often the first hour of the show, we'll talk about news of the day,
trending topics.
And then around 9 o'clock, we'll sometimes have a special guest join us,
do a deeper dive on whatever they're building.
Or we just have a very vibrant community conversation like we had today and a lot of good conversation on both sides. And we want to hear, especially want to hear from people
who disagree with myself and other guest speakers. We would just ask that you be, we can disagree
without being disagreeable, which I think everyone did today. Really enjoyed the conversation.
Go check out rides.com if you're interested in DomainFi and learning more about what they have
going on. I will pin, as I play
this out, I'll pin that post from DOMA Protocol up top here in a second from our DOMA on air we did
last week. And as I said, we'll be back tomorrow at 8 a.m. Eastern time. I'm curious. I may actually
have to have, if there's a night owl, someone that's going to be up around, because how DOMA
works is it's a bonding curve. So the earlier you are, you can potentially get in before it graduates.
You get in at a lower price.
I'd love to say I'm going to stay up till midnight, but I won't.
So even if I say I'm going to, I'll fail.
I'll be out before it drops.
Also, some quick alpha before I play this out of here.
I mentioned the trip to Costco over the weekend.
What prompted the trip, I kid you not,
was they had Celsius.
They launched Kirkland Celsius,
which was a fraction of the cost of regular Celsius.
It was not at my local Costco yet,
so it's apparently just launched.
It didn't have it there,
although regular Celsius was like
maybe like 78 cents per can.
So it was way less expensive
than you buy it anywhere else.
Also, the Kirkland brand nut bar is,
nut bars is,
it's like a kind bar,
but it also fractures the cost.
So that's, you get like,
you get like 72 of these for like $10.
A little bit of exaggeration,
but not too far off.
And with that,
go enjoy your Costco.
I'm looking for a new book too.
I need some new recommendations
for a book to read i'm in the process of 75 hard and i normally a non-fiction reader but i've
recently got on a fiction kick i finished uh hail mary project uh and then 2034 and then also 2054
and looking for some book recommendations so if you have any drop those in the chat as we play
us out we'll be back tomorrow at 8 a.m eastern time if you're looking for a book recommendations. So if you have any, drop those in the chat as we play us out.
We'll be back tomorrow at 8 a.m. Eastern time.
If you're looking for a show to join in and continue the conversation,
might I suggest Cheezus' Space coming up here at 11 o'clock at the top of the hour here on X as well as Abstract.
And we'll anxiously await to see what my Abstract XP hits tomorrow.
I'm not – I kid because I'm not expecting – I'm expecting double digits again,
even though I have been doing my upvotes
and a little more activity, trying to play
the game, but I just, I can't
bring myself to be a forced farmer, so I won't.
But with that,
appreciate y'all. Enjoy the show today. Enjoy the
conversations. Thanks so much, everyone who added
the conversation, both in chat as well
as awesome stage of speakers
today. Some old friends, some new friends,
great conversation all around. Appreciate you all.
We'll be back tomorrow at a.m. Eastern time. Hope you have a wonderful, wonderful day. you
