Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
SEI WHAT!?☀️ep. 277 - Will Memecoins Return to Glory?
Recorded: March 21, 2025 Duration: 1:28:51Space Recording
Short Summary
In a recent discussion, crypto enthusiasts explored the decline of LG's NFT marketplace, highlighting the challenges faced by major brands in the space. Despite this setback, the conversation revealed emerging trends in NFT royalties, potential growth areas, and the importance of strategic partnerships and hiring in fostering innovation within the crypto ecosystem.
Full Transcription
Yn ystod y cyfle hwn, mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn. Mae'r cyfle hwn yn ystod y cyfle hwn. Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn. Mae'r cyfle hwn yn ystod y cyfle hwn. Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn.
Mae'r cyfle hwn yn ystod y cyfle hwn. Mae'r cyfle hwn yn ystod y cyfle hwn. the test what up how you doing dude dude I saw the most beautiful post this morning
that I'm sure you're going to oh please I need beautiful posts you're going to
just like I need to know it's, you're going to just like, I don't even know.
It's just going to be the most appreciative you've ever been of you sharing
something. Oh my God. Thank you. I needed, I need a, a beautiful post because
I, I saw a shit post today, dude.
Bum me out. I'm like,
LG is close it down.
It's NFT platform, bro.
Like LG life is good.
Yes.
The TV company, the yeah, the phone company, the big kind of like Sony competitor.
Yeah.
Yeah.
They're they're closing down their NFT company and And I am bereft bro, because you know, as, as an NFT connoisseur and, and, and
third cycler, like it was such a corner store of, of, of NFTs and, and, and just
creativity and, uh, yeah, it just kind of, yeah, another one, you know, another one.
On the eve of a base ETF filing.
They're quitting. Got it.
Made it all the way through the bear.
Now they're quitting.
You said, Bacy.
That just like you just gave me carte blanche
to use Bacy from here on out, like, damn.
Thank you for that.
You're just full of, uh, gifts today.
Mifty Q.
I appreciate that.
You know, I was thinking, cause the other day, like somebody was like, um, you
know, like, oh, um, I guess, uh, a punk's ETF is a foregone conclusion now.
And I was like, hold on motherfucker, punks are part of Yuga.
So it's still base ETF, I guess.
But you know what?
Now that I come to think of it, maybe they can form part of a strategic reserve in the
not too distant future.
You know, seeing this type of stuff, you'd one would wonder and think, hmm, I think they
can take the over on that.
Yeah.
Yeah.
Anything is possible before we like we get to the show.
I need to read this before we get to the post.
Like the full show.
Let's go.
I'll give you a taste and then we can come back to it at the end of it.
Or at the start at the end of the music. Contrary to popular belief, the Pudgy Penguins ETF would not be the first institutional NFT investment fund. Did you know that Biggie?
No. Do you remember that proof co-founder Ryan Carson ran a private NFT investment fund proof. Oh my God. Oh, kill me.
NFT investment fund that ran 40 mil.
Down to five hundred thousand dollars. Oh, my God. Yes.
I saw that. How does that is it sad? Good.
Is it like, bro? I remember, man.
I remember every purchase, every shill,
everything man, but at the time, at the time,
everything was possible dude.
Like this guy, you know.
You were all in on it.
Well, not all in on it.
I was all in on the POAB gathering,
which would supposedly get me all in on this, right?
Like he was like setting it up and like, I think his like the top 1000 holders
were going to, you know, get like the, the, the version of the proof app,
because apparently he was literally going to implement the, the proof kind
of model over to his new thing.
And I remember like, that's even when like, Cairo started like, kind of like,
you know, jabbing him a little bit.
Like, yeah, yeah.
You know, like what the fuck are you doing?
Um, this is not part of proof or what have you.
Right.
But like, man, uh, everybody was flying high, you know, euphoria was in the air.
It was intoxicating.
I'm sure you can recall.
And yeah, the thought of like, dude,
I'm gonna get in the ground floor
of this other amazing thing.
And not only that, but you know,
at the time I was running multiple phones collecting
PO apps on these things.
And you can ask Mrs. Poppins, she was fucking like,
what are you doing? Cause I would uh, you can ask Mrs. Poppins. She was fucking like, what are you doing?
Cause I would sometimes, you know, like they started implementing the passwords and stuff, so you have to be quick on the draw.
So I would like hand over one phone to the wife and I'd be on the other.
And then, you know, maybe there was another one listening.
I was like, dude, just score these fucking PO apps, dude.
And I'm, I'm, I'm still
oddly like proud that, you know, I'm like a top holder, even though it's like shameful at the same time. But I don't know.
I was going to say, reading this post, it said he round tripped our
college from all time highs, right?
And dump them into we've bids a month later for point one and I almost was gonna be like
I look at that idiot, but I think I've done worse like I think I
Find something where I've just done a lot worse. So that's yeah
Dude, I the one that really like stood out to me when I remember even back then when I was like
Oh, this does not fucking sit right with me.
And I think it's the time, like it's one of those moments where I first,
cause I was really, you remember you recall, I was like super gun hole on.
On ordinals, but like, it was like one of the first instances where I was like,
Oh my God, they're going to fucking tarnish that space too.
They're going to fuck it up.
They're going to prostitute it.
And it was like with the crypto punks.
Remember they did the Bitcoin punks.
I was like, dude, there was like no originality, you know, nothing like
base Buddha's beautiful fucking great grail scale on base punk, right?
Where like you can tell somebody put effort and, you know, thoughtfulness
and honoring the punks, but at the same time, making the stick.
Nah, these were just straight up like fucking copy pastas on fucking
Bitcoin. And I remember like him paying crazy amounts when I was like, there's
no fucking way. And I just started turning into the dark side. And yeah, I
never returned. Like, it's really hard. Like, he kind of ruined it for me. Uh, and then I'm just kidding.
Like there's, there's definitely some cool ordinals out there.
But yeah, dude, it definitely like just, it was like a bit of a
canary in the coal mine where it's like, do not.
Do not drink the Kool-Aid with this ordinal shit.
There's going to be copious amounts of copy pasta bullshit, you know, be the
first thing and, uh, I won't deny it.
It saved my ass.
It did.
It's a human condition, right?
Like this crypto just speeds run speed runs it.
It's like that interstellar scene where like seven days here is like eight years,
like somewhere else or 30 years, whatever.
Like it feels like that, like seeing something work and then trying to
reproduce it to mass scale is just a human condition but it feels like it just plays out so
fast here but uh hey biggie before we get started and jess is not here yet um i i agree with you on
the slithering piece like it's very I don't know how and what was happening.
Uh, tell like Johnny saying she's in Hufflepuff.
There's no way there's just no way.
So I'm glad we, I'm glad we were, we were linked up on that.
Yeah, it was clear.
That was an easy one.
That was a soft one.
Um, dude, you know, one other, one thing that I am very stoked
about that I saw today, uh, G were our friend Jiwa, you know, you recall him?
Yeah, yeah.
Generative artist.
He is the first to be artist in residency in Marfa.
And so I believe he's gonna be coming around April
for one month in Marfa to create something really cool.
And then they're gonna showcase it,
Art Blocks Gallery and Mint and everything.
Dude, I'm stoked about this.
Like the fact that we're gonna have like recurring artists
every other quarter come in to Marfa,
create really cool stuff.
And the fact that I can just drive up there in two hours and, you know,
perchance hang out, check out the exhibition.
It's really, really cool.
And I, and I love that it happened with G.
Wa, uh, you know, he's a homie and dude, he's, he's creative as fuck, dude.
He's one of those big brains.
So, um, I can't wait to see what what the you know, what the desert draws out of him
So yeah, there's a there's a heartwarming, you know piece, you know
Yeah, I'll never forget those web three shows where he was hopping on talking the latest in generative art man
Yeah, he's a he's a legend for sure. So I still hold my
You know my winds of yawa. Jiwa. I have my, uh, you know, my winds of Yawa Jiwa.
Uh, I have one that looks very much like, uh, like a winds of Yawa now, but, uh,
yeah, I really think that those pieces are really special.
They're not many of them that can interact, right.
And then you can like literally stress out the algo and make it like, you know,
uh, react in real time with your keyword.
I thought that was really neat.
Um, shall we get going?
Shall we?
Let's do it.
We got enough people.
I think.
Yeah, let's go.
Jim, everybody.
See you on the other side. I'm gonna be a good boy. I wrestled by the sea, loneliness and me. I asked myself a piece
And found it at my feet
Staring at the ceiling And the clear is gold
Don't believe what you've been told
Don't believe what you've been told
People lie, people love, people go
Beauty lies in my every soul
Wristled by the sea I let it go for me.
It washed up at my feet.
Staring at the sea.
I let it go for me. I washed up
staring at
is gone
what you've been told If you hate, if you hate for the money If you hate's you and me for the money
It's you and me, it's you and me for the money
It's you and me, it's you and me for the money
It's you and me, it's you and me for the money I'm feeling, feeling all alone. Oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, Ask myself for peace Ask myself for peace
Ask myself for peace
I asked myself for peace I asked myself for peace
Ask myself for peace
And found a piece of me staring out the sea
Good morning, good evening, good night. Welcome to Say What.
Wrapping up your Friday, hopefully in style.
Good to see some friendly faces in the crowd as we just pressed live a moment
ago. I appreciate you guys showing up early. You want to get in the comment
section, like, repost, tell us what you're up to. We'd appreciate it very much.
Biggie Poppins, let's get some taps
on deck whenever you get the chance, sir. We got some big news today. We got some really big, sad
news that I just, we can't gloss over on this. No, Friday. What happened? Oh my God. Okay. Okay.
happened. Oh my God. Okay. Okay. Here we go.
Today, March 21st,
the year of our Lord 2025 LG shuts down its NFT marketplace.
LG shuts down its NFT marketplace art lab.
All right.
Sad day.
Red day.
We lost a good one.
All right, people went out for LG.
That's my rifle sound.
Yeah, I need the cannon now.
Oh, shit, dude.
Another one bites the dust, dude.
They should have known better.
They should have all known better, Q.
You know, Mercedes, Sony, Starbucks. You know, I, I'll take it back.
Starbucks.
Yeah.
Starbucks did a valiant effort.
Yes.
I'm not saying you're not allowed.
You're absolutely allowed.
It's an open source protocol.
After all, you're allowed to come in and do your thing.
It's just, um, a lot of these, a lot of these were just me too.
Right.
They looked over and they were like hey, look at all that money
You know, we're LG. We're Sony. We're Mercedes Benz
everybody's gonna gobble up whatever bullshit we fucking push them because
that's how it goes in this world and they decided to come over here and
stomp here.
And, uh, I guess, uh, it didn't really work out for them.
I know we're getting in the weeds on this one.
Uh, but I, I do want to like, to, to pose this question, right? Cause we have seen like larger brands, larger enterprises
get an NFTs and crypto.
Uh, what are, let's, let's start with five. Let's see if we can even
name five. Like name five of those like larger companies, larger brands that you think really
tried. Like just put their best foot forward. Just wasn't like a literal grift. Just a, just a major, major grift.
Uh, what we're, I'll start, I'll, I'll lean into one brand.
I thought Puma did.
Okay.
I thought Puma's Puma's venture in NFTs wasn't terrible.
They tried.
It didn't really hit because none of them ever hit, but at least they tried.
So I'm off the top of my head, but what do you got?
I think, um, yeah, Starbucks definitely made a valiant effort and it was, it was
interesting.
Um, I would also say, and I don't know, I know there's a lot of raw feelings
towards it, especially the way they ended it, but I do think they poured a lot of
resources and effort to it.
Uh, Nike, Nike, Nike definitely tried. Ended it, but I I do think they poured a lot of resources and effort to it Nike
Nike Nike definitely tried
I agree with that. Well, who else?
Is saying we're streaming. I don't know where we're streaming from. Hopefully there's not like a fucking camera in my crotch just live right now
There's no fucking camera
But that's weird
Elon I like Nike. Yeah, like Nike's a weird. Elon. I like Nike. Yeah.
I like Nike's a, I'm not saying I like Nike.
I'm not the biggest Nike brand fan, although shout out, uh, shoe dog was one
of the better books I've read in a while.
Um, yeah, Nike was a good one.
Artifact.
They tried.
Mm hmm.
Um, I don't know, man.
I'm trying to say, yeah, I mean, really that's not it.
There's the majority of them were absolute cash grabs.
Like, like, which is the worst for you?
Like I think the game of Thrones one, like, oh my God, Lord, right.
They like matrix the matrix one. Remember? Oh my God, dude. They like they may tricked. The matrix one. Remember?
Oh my God, dude. Oh, man.
That one hurts because it was Jordan.
Because obviously that was with the nifty's.
That was one of like, yeah, big drops.
So, yeah.
Do you do you push that?
Do you think that was bad, though?
I feel like it was a successful, hear me out.
I'm not. It had a moment that that one in particular wasn't successful. What were the
ones that came before it though? It wasn't a flip, but it was, it was quote unquote, like it was
like the biggest NFT mint ever. I'm not saying I'm not calling this a success in terms of like,
you could flip you obviously couldn't, you got rekt on like the $25 it costs, but it was like a successful like commemorative
no, I am reaching.
Yeah, like I think like they really I mean it was like one of those first
platforms that had all the right ingredients right?
Like it had the right partnerships.
It was like pushing the right IP the right? Like it had the right partnerships. It was like pushing the right IP, the right meta at the moment.
The communications were on point, you know, like everything, the anticipation leading up to it.
Like, yeah, it was a Kevin moment, you know? It was very much a Kevin moment where just like,
out of all the possible scenarios, you would have never expected that, uh,
or, or for it to be that terrible.
Right.
But yeah, man, I mean, it just shows dude, like, uh, you know, success in one
realm does not necessarily guarantee success in this one.
Um, dude, Porsche is the one that I remember just being infuriated with
because by then I was jaded by
then I was jaded and I saw them coming and I think there's like a show with you me and gif and I was
just going off on them. I was like you sons of bitches. And yeah, of course, it flopped.
The library act to large IP is getting you. Yo, I wanna get to some of these comments. Heathen is posting about Mike Dudas calling out IP
for being worth 5.5 billion as a protocol,
so that's in the comment section.
Maybe we could take a look.
IP's the story protocol, I believe.
Heathen's also saying,
"'I'm convinced Biggie just wants to have an orgy in Marfa.'
BassBoot is calling out,
"'Your music, Future Islands islands that was a jammer
biggie nice choice dog always says wait you guys are streaming now say the whales
at Budweiser wasn't too bad so which one was Budweiser I forgot I don't even
remember I remember Pepsi fucking remember Pepsi Pantheon. No, my god. Microphone will forever be up there.
No, that was great.
Man, what do you do?
You think there's a there's a world?
I mean, there's got to be right.
I mean, they definitely have the funds and the team and I mean, do you think they come back?
Do you think like like they're like, you know, we were here too early.
Let's wait until everything is a lot more established
and you know, accepted and then we'll be back, you know?
And will they reward the holders
of the previous shit they dropped?
I know a lot of people were giving
the Solada Foundation or whoever the fuck was behind,
I can guess in the marketing team that was behind
putting out that commercial.
And they were like laughing that they passed so many rounds of it had to
have passed like at least by 10 folks, right?
There had to be at least three rounds of vetting.
Hopefully it wasn't just like some random profile that put it out.
I mean, those Pepsi microphones had to pass through a couple of
departments, Biggie, and they were still like, yo, this is it.
This is what we got.
This slaps.
This slaps, dude.
I just, it's the height of like, I don't know,
like large company folly to me.
Like low effort.
Oh, time or what was the one Rowan and worked for for a while?
Time tried.
Time tried, yeah. They Yeah, they did. They
definitely like went into the archives and sought out like really meaningful moments,
you know, they captured like it's unfortunate that one. Guys, we're ranking basically,
I wouldn't, why did this come up by the way? Did some, ohG. Yeah. Just in case you tuned in late, uh, LG is about to close their NFT marketplace.
So run, run over there and take out your assets before they're gone forever.
I know many of you probably, you know, uh, bought assets over there.
And so make sure, make sure you don't lose them cause they're forever.
Oh man. Oh, man.
Okay.
I just had some PTSD from other marketplaces that we had to
run to go to.
All right.
We started the show talking about me and Biggie both doubled
down. Glad to see Jess is here.
We both doubled down early on today's show saying Jess,
in fact, is Slytherin House through and through.
We were doing that on episode 277.
We ended yesterday's show talking about that. Now we're talking about all of these larger brands as we
see LG shut down its very viable and popular marketplace.
Just making sure the crowd heard that one. Like what are the brands that
actually came in and tried? So we've got our what's the list here biggie we got no fart artifacts time Puma you said
Starbucks Starbucks okay that's about it We had a Budweiser in the
comments section. I don't really remember. I'm trying to remember like didn't LV like
do something through Tiffany's or some shit not that it was great. This wasn't this was
like by proxy basically but I think the Gucci pieces the Gucci pieces with like the the
you the pendant drop. Yeah. The pendants. It's like, I guess that's more on you than it is Gucci.
But it's like it was something, you know, they partnered with a pretty legitimate brand.
They didn't just try to do it by themselves.
Yeah, yeah, I didn't like the code.
No, I mean, it was it was weird because obviously they were very limited, right?
Like, like I don't, they weren't like available to the public, right?
Like you already had to have a very coveted asset at the moment, right?
Like it was a flex, right?
Like it was like those punk pendants that you could get from Tiffany's, right?
Like you had to own the punk and shit.
And like, it's not like they went out and promoted it to the masses.
Right.
Like it was still kind of like, man, but, uh, I don't know.
It was an attempt.
I got one.
Uh, this is a more recent one that you might've kind of
fell through the cracks and all this nonsense that we've had to deal
with over the last four months, but McDonald's, Oh, you know how I feel
about that, uh, yeah, that's right. You like you know how I feel about that.
Oh, yeah. Right. You like fudded. I'm not a fan. I'm still not a fan.
Where's that pump? We've been waiting for.
Where's the that it has anybody want to doodle a fucking pair of socks?
Something. Nothing.
It was not a good partnership. And I stand by it it then and I continue to stand by it now.
The eyes are meaningless in that regard.
By the way, I mean, I'm not like I go to Mickey D's anyway, but like, has anybody gone?
Yeah.
Yeah.
They're discontinued now.
They ran like through.
Oh, they ran out.
They ran out of doodle.
Well, no, they didn't run out.
They just, that was the time frame.
It was like a little season. Okay. Okay. Lame.
Uh, I remember Lord of the Rings had one of these too. I'm kind of pissed at it.
They had like an NFT like commemorative. It was terrible. It was like,
I didn't even get it, but I saw,
we like went onto the platform and we were like
Oh you buy the NFT and you get like extra
Not even like I don't even think they were unique deleted scenes. It was just an obvious grift, which is sad
Alright, we got cap up here on stage Biggie the other brands. I'm seeing that are mentioned here Adidas
Cola Gucci.
But let's see what caps got.
Cap GM, sir.
Welcome to the stage.
Have to talk to Friday.
What up?
GM Cat, how you doing, man?
Yeah. What a fuck is it?
Happy Friday, gentlemen.
Yeah.
The adidas one was the only other one that I was gonna mention and bring up because I think maybe they're still doing
Stuff. I don't think they've shut their doors. There was a Pepsi thing that happened on polygon at one point
as well
Yeah, I don't know man, you know these brands they've tried to come in and do some some things
But I just I don't think they've necessarily had the right advisors on board to you know track like what would be you know a good execution but I don't know and oh reddit reddit had their thing.
That's a big yeah flop. Was that more for regulation? Did they just like shut it down over there just like done with the whole thing because I they don't think red avatars. Yeah. Don't know what happened with it.
I mean, I remember like, it was like Redditors waking up one day, freaking
out, being like, what I like, this shit's worth money, I can sell it.
And it was like kind of funny because they were like a big group of people
that were like fighting NFTs during that time, like Redditors, like crypto
NFTs, it's all a scam.
And then all of a sudden they were like, basically given like thousands
of dollars of like these
avatars and people were selling them and it kind of like shifted that narrative a little
bit.
And I thought they did it well, right?
They never mentioned that, Hey, you're buying this avatar.
It's an NFT.
They didn't even mention NFT or crypto, right?
People were buying it with their cards from the Reddit side.
All right, we're doing a pseudo like throwback episode for the OGs, I guess.
We started talking about this
and we're gonna stay in it for a little bit longer.
I've got Warner Bros.
So Biggie, we talked about Jordan Lyles platform, Nifty's.
They definitely did the Space Jam 2.
I remember that.
So that was Warner Bros.
Marvel, I gotta throw Marvel in there.
Big shout out to Wax blockchain for the OG. Oh my god. They were like, dude, I still got some
like William Shatner. That's like, yeah, that's your like birthplace like of degenerate NFT
collecting man. You love to reminisce on that. Me and Ronan just slaying and garbage fail kids, dude. Just like eighties
packs and ripping open packs. Oh my God, dude. Take me back and take me back. All right.
A couple others. And then we got some other folks joining up on stage. Jessica Trotsky
fresh out of the Slytherin dorm house and Wang man. Also, I want to hear from these
folks. Let's see. 10 luxury brands, yeah.
Yeah, I don't have much, man.
I see Budweiser now, McLaren, when did McLaren?
Nickelodeon, Lacoste.
This must have been like peak euphoria
because I don't remember any of this shit.
Okay.
All right, let's see what these guys got.
These guys and gals.
Let's bring in Jessica Atroski.
Welcome GM.
GM Jess.
Jim, how's Slytherin doing?
I listen, I'm going to have to watch this shit now.
Thanks a lot, because I don't even know if I'm being dissed or not.
So you are not. So
you are not, but you'll see. Like I feel like what was that kid's names?
The Slytherin kid. Yeah. But what's his last name? They're like Malfoy.
Yeah. I feel like he's, he's a long lost cousin.
She, Oh God. Okay. Well, all right. I'll take it until I see it and then I'll I will report
back but isn't there like the Hobbit and all that shit like all these long movies afterwards? Very,
very different very two different franchises. Okay. One is about wizards the other is about
well there's also me just with hairy feet. Yeah. Okay, so I'm gonna start with just the
Basics, okay, and I'll report back. Um
but I did want to put my
sock in the ring for to be a
fucker fluencer a your fluencer because I feel like that is the kind of
micro influencing
I'm here to do.
And to tie it in to what you guys have been talking about is I feel like a lot of these
brands miss the mark because they are just hiring big agencies or hiring somebody that
thinks, you know, oh, okay, like we understand web three or
oh, a lot of people follow me and come in my rooms, listen to my spaces. That doesn't
mean they know shit. And that's a problem. And I've always felt like this, even like
in like little micro influencing stuff that I've done on like Instagram is that you gotta go for the micro influencers,
because they're really going to get eyes on your product,
on your NFTs.
They're going to bring the cool factor, because the macro ones,
it's like you're going to blow all of your money on them,
and then they're onto the next brand that they're promoting.
You're just like a paycheck.
So I think that that is a problem.
It doesn't have the cool factor.
And they're just, I mean, we talked about, I think I mentioned this yesterday.
It's like people are just hiring their friends to do stuff and they're not, and those friends
could be at agencies and then they don't do shit for their brand.
So I did want to bring up one last thing and that was because I know you guys were talking about NFTs
But you're talking about also
Fidgetle or digit physical as Q would like the latter one. Yep
Do you remember when Twitter had NFTs and they were like fetching like 20k like oh
the tweet yes
Was that official though? Or did someone like create that platform was that Twitter actually selling?
I thought it was from Twitter because I have a friend who actually still has one it was that he has like the jello one
Or it's like
I'm doing like as if you could see me like bouncing. It's like the jello NFT
that says Twitter or it's like tweet or whatever.
And those were worth so much and they were worth nothing.
And, uh, just like seeing stuff like that happen.
And then like, just to Biggie's point about McDonald's, you know, I, what's
going on, like if, if people are out out branding and this is why I want to shout out to fuckers is
Where are the fucking vibes? Where are they actually? I don't see them. I didn't see them at McDonald's. I
Didn't GBC. I didn't see them
They got stuck at flow. Yeah, some remember flow. They're still being jailbroken out of flow
Good flow. Yeah. Remember flow. They're still being jailbroken
out of flow.
This is the thing and then people make fun of us because we
fucking go and do these like khaki golfing on the weekend
branding deals with places and try to call out Tommy like that.
Oh, well, Tommy, I'm not talking about you,
but I'm talking about just this idea that if this is a cool avant-garde place to be,
act like it. Do cool branding collabs. And I know there have been some, none that I can
quite think of off the top of my head. And that's the problem with the space because
it's corny most of the time when they do
these brand ambassadorships.
And they need to get straight about that.
I don't know if they ever will, but that's my piece.
I'm done.
What I this isn't necessarily like one for one
what we're talking about, but because
you obviously like I would love to talk to artists on this topic like Christie's.
About the space like they're not necessarily like a large brand because they're more like
the obviously like auction house but like there when I feel like.
Christie's isn't an art institution. it's what you said it's an auction
house it's commercial it art do you feel like they add to the space depends who you ask depends
who we're talking about so um I think for the layman you hear Christie's and you go oh you know
For the layman, you hear Christie's and you go, ooh, you know, but I think it only makes
sense in the NFT world in terms of like, if you have an NFT and it's going through Christie's,
that's awesome if you have royalties, because if a piece of my art goes through that wasn't
on the blockchain through Christie's, I don't get royalties.
So that's why it's more interesting for blockchain artists,
I guess let's just call it that,
artists that are working in web three or in NFTs,
but it's embarrassing.
They're not the end all be all, like for an actual artist.
But I think for a blockchain artist might be different
because of the royalty piece, but they're not, they're not cool.
Like, I don't know how people are thinking like Christie's and Sotheby's are like, cool. It's not
like, and people are free to disagree with me.
They're definitely like, well, they're definitely like, I would say, yes, like their primary
function is to be auction houses. I would say they do because of the longstanding tradition that they've held, right?
It has become a little bit of a market maker, if you will, right?
Having your pieces auctioned off on those platforms definitely signaled to a lot of
the big time art collectors,
like, you know, millionaires and billionaires who they cater to.
Of course they're late by, by then, by then pretty much like,
I don't want to say that. Yeah, they're late, but at the same time,
it kind of like, um, yeah, it's a bit of a stamp of approval, right?
Like as an artist, you know, no matter how you feel about it,
like having your work displayed and, and, you know, no matter how you feel about it, like having your work displayed
and, and, you know, fought over by these people, uh, you know, definitely solidifies you into
like a different realm.
Uh, you know, I, I, again, I don't necessarily agree with it.
I'm with you, Jess.
I'm, I find it sometimes a little bit distasteful, but you know, unfortunately for good for worse,
they've been around enough to, to carry that kind of a weight, right?
Like it's like, Oh, your stuff hold that Christie's damn.
This is where it helps.
So an artist is going to have their work in an auction house that signals to
people, Oh, we should go buy up their work or look at what they're going to make next.
Like it is a signal in that respect, but it's basically like real estate.
Like it's like century 21.
I don't even know if they exist anymore, but it's giving like brokerage.
It's giving like that energy.
So that's good for an artist that has the ability to gain royalties, of course, and it's also good for an artist,
if like say they're not, you know, they're not doing NFTs,
but they have other bodies of work,
now collectors may be looking to that.
But see, that's not where they're only looking.
And I don't know how to communicate this to people
that Sotheby's and Chrissy's aren't the end all be all.
Most of the stuff in the art world moves in darkness.
It moves behind the scenes where there's curators,
collectors, and tastemakers that are putting together
private collections for folks.
And that trickles in sometimes,
and you'll see that come through the auction house later.
So I don't think that they're a tastemaker in a real way.
I think there's always going to be the behind the scenes tastemakers.
They're almost like, that's why I say it's kind of like corny, you know,
when they get to that point, like when it was like B friends or Sotheby's
or what I was like, Oh Christ.
Like it's like, I agree.
It's more of a flex, right?
But it's also cool, right?
Because we're like, Oh, NFTs are going through auction houses. That's a cool, you know, like, it's more of a flex, right? Cool. But it's also cool, right?
Because we're like, oh, NFTs are going through auction houses.
That's a cool, you know, um, case study, you know, for what this space could do in terms
of royalties in the art world.
So, you know, I see both sides of it, but I ask, I, I care about taste and I don't like
when things are corny.
So like that's where, if you hear any tone,
it's coming from a place of not wanting things
to be cheesy and corny.
So, you know, and also just giving people
like a real education on what it means
to have your work in an auction house
versus like being a participant in the art world
of somebody who's like looking for
a long-term career, looking to build legacy versus you know just having their cartoon character
like on a little thing like you know so you know. All right folks we're sitting on episode 277 we're
talking about kind of like larger brands uh being in the space here who's done it well who hasn't
uh you know LG shutting down its entity marketplace. Huge news. It has to be the largest news we've seen
at least in the calendar year. So we're talking on that here early in the episode.
Biggie, Gargages put out a crazy long thread here. Oh, wow. It looks like almost like an op-ed
almost. I just saw it and like I the first couple paragraphs, but we'll see how we can fit
it in.
I don't even know how to attack that, but let's go to some other folks up here who have
been patiently waiting up on stage.
I believe it was Wang Man, Captain Base, Buddha, so let's go in that order.
Shout out to our 51st state, Kanata, soon to be. I think we're playing you guys, by the way. I don't know how that order. Shout out to our 51st state, Kanada, soon to be. I think we're playing
you guys, by the way. I don't know how that works. Once you guys become the 51st state,
we're playing you guys in the Nations League here, this soccer tournament or football,
however you celebrate. But yeah, we got a little game against them here shortly. Wang GM, sir.
G.M. Wangman. I do.
What?
Good morning, GM.
What's the fuck?
I can't remember my mind going blank.
Bangra Bangra.
Fucking shit.
Bangra with movies. Bangra. I've done some Bollywood movies.
They're fun.
Uh, I like that.
That's, that's my vibe this morning.
Uh, yeah, I've, uh, I've worked directly with one of the biggest, uh, advertising,
uh, brand owners out there.
So not like a direct brand like Adidas, but the company that works above them,
Adidas, but the company that works above them, the company that owns that company.
the company that owns that company.
So I worked with ABG, which was an authentic brand group.
And they own the licensing rights to like Marilyn Monroe, fucking
Elvis Presley, a long myriad of names and a whole bunch of other companies,
of major clothing companies, et cetera, et cetera, et cetera.
So when we did Shaq's projects, we dealt with them directly.
And essentially it was a bunch of old dudes
who have no idea what they're fucking doing,
but they want to capture some money, right?
You can say extract, it's fine.
You don't have to say-
Yeah, extract.
They did not take us seriously at all.
Like when we, like I wasn't dealing directly
in the meetings, like I wasn't going in the boardroom with these billionaires. It was other people that were
on the team that were doing that. I just directly communicate with them. But they did not. They
would look to this like, you know, this new tech, they didn't really believe in 100%.
They're just tipping their toes and then seeing what could be done, seeing which extraction
they could get. And we you know, we did well with the original project and fucking ran up a good amount.
People were paying six K for each one, whatever.
So it looked good for them when they were making money.
But when it came to like listening to direction or advice of things that we needed to do,
to make it continue and be successful and support in this area, that areas,
or which branding we could do with the things they owned.
They did not listen whatsoever.
We were considered a joke.
So they don't really want to get involved.
Like they don't give a shit about the tech.
They don't give a shit about it.
All they give a shit about is that there's a way to fucking find money.
And they'll find people to, like you said, they'll get, they'll
get low effort, somebody just be like, okay, go figure it out a little bit
and see if we can make some money off of it.
Um, you know, that one point they offered us, like I was offered
to do Elvis's collection.
Like they, they wanted us to do an NFT collection for Elvis and access
his entire library and basically develop and launched the same project simultaneously.
But you know, there wasn't like any thought or anything behind this.
And here's our collection, what you guys can make this and sell this to.
And we also got Maryland and Murrow, we got this and blah, blah, blah.
And so anyway, long story short, that ended up in a class action lawsuit where, you know,
a lot of money, $11 million went out the fucking window.
And now the SEC says, oh, by the way, none of that's actually security. So they lost a lawsuit.
They shouldn't have lost because they didn't listen to us. They basically hired a consultant to do,
to learn Web 3, to try to put a, you know, fight this fight in
the in this lawsuit instead of just listening to us directly of any kind of information
about what was actually going on.
Anyway, I distanced myself from it anyway, because I didn't, it was, I didn't want to
get involved.
I was just buying that.
But anyway, long story short, yeah, the big corporations kind of suck.
It's kind of a punk world.
It feels like, you know, we do better as an undergrad or alternative.
You know, I was bullish on things like the McDonald's Cup just for eyes to see where
the market would react.
You want to see if will you get the Marvel quality fucking, you know, branding or
what do you call that a fucking franchise? Is it is it capable?
Like, you know, you'd always have like the underground sector or the punk sector of any kind of industry, the lesser
knowns, the fucking the ones that just do their own cool shit
and people dig like Jessica said, through the back doors or
the back alleys or the fucking after hours that people are more
into that are
more fucking badass and fun. And then you have your mainstream
stuff that kind of recognizes or legitimizes maybe the thing as
whole. But yeah, it feels like, you know, I have more fun with
the underground shit and the less serious shit or whatever
you want to call it the vibing, like Jessica was saying. So I
don't know, maybe we just stick to that and see where it takes us.
I don't know.
It feels like the good vibes club success has like caused the whole space to kind
of retroactively look at everything that we've experienced in NFTs for the last
three years, like we're like, Oh, is this going to happen again?
Well, we should probably look at some of this stuff and try to do it.
At least just let's get a refresher because NFTs were dead for so long.
But I think we say, I think we say fuck, fuck chasing mass adoption.
Like like just fucking, you know, just fucking just give up on that shit.
No more fucking doing that.
Let's just like back in the day, let's say like skate videos or fucking underground fucking
venues of punk bands or rock bands or whatever the fuck you're into, rap
fucking groups, whatever.
Just do that and just do our own thing and then great success there and then naturally
maybe we get a fucking, you know, someone emerges as more of the way we see it instead
of like a mainstream brand coming out and getting success that way.
You know what I mean? More of the rock star mentality of someone who came through with pure talent
and something cool and people like, oh yeah, you know what?
This is actually fucking cool.
Um, that would, that would be awesome.
At some point I want to dive into this Garga piece because, you know,
they were that for the cycle.
I mean, they, they came out of nowhere.
They, they sold something for like not very much and it turned into
What it did?
all for kind of the idea that they wanted to create something fucking fucking dope I
You know that there's a lot of reasons why they created
Board apes like the story behind why that all happened, but really it was just a
team that was trying to
create something cool. It didn't have this like, you know what happened?
Celebrities, celebrities ruined it. Celebrities. Yeah, they turned it into a flex.
We made it here. You made it.
No, I'm saying we made it to the part of the convo.
Celebrities. Yeah.
Well, you know, it's it's just that it is.
It just takes it and turns it into this fucking like flashy fucking,
you know, like a Rolex or something stupid and loses the original narrative.
They're just they're just a feature of a point in the cycle.
You know what I was a bad feature.
It was it's a bad feature.
It definitely is.
It probably signals some type of top, but I don't think they're like front runners
in any of this stuff.
No, it's not for cool reasons.
It's not like they were ahead of the curve and had this cool thing.
And that's why it gained popularity.
It was like, oh, there's this thing worth millions of dollars that selling.
Oh, what is it? Oh, it's a monkey.
That's fucking stupid. But yeah, I should have one.
You know what I mean? Yeah.
And partly that had to do with, I believe, MoonPay, who's supplying those to those people.
MoonPay, did I say that correctly?
I don't know if that was the company.
But Jess, let's go to Jess who had her hand raised
with this combo and then let's go to Kat.
I was gonna say, I don't mean to always come across
as like I'm hating on a bunch of things
because I was delighted when the doodles had the cup.
I went and got one because I was like,
this is the space that I exist in.
This is cool.
This is a mainstream thing.
I want to go partake in it.
I do not own a doodle, but I feel part of the ecosystem, you know?
And I think that all of these brands should make plushies.
Like if they want to do something web too, I love a plushie. I don't know how
the other merch and stuff crosses over for these brands. And something to what Wang Man was saying
is I'm happy that you didn't get involved in that situation because something like that happened
with me and a lost Andy Warhol image that they were gonna try
and sort of parade out on the blockchain
and do something with,
I can't remember if it was Christie's or Sotheby's,
and I wanted no part of that.
And they tried to rope me into this like panel thing
with them and me endorsing it
because of like the photography background.
And it was this
photograph of Warhol that had never been seen and I was so terrified by this because his estate is
scary and the estate had turned it down so I was like I don't think so yeah don't do that yeah
I was like and I was like absolutely not and I'm also like I don't think this is a vibe. And it's very tricky because when you see,
and then there's another artist who I won't name their name,
that I was invited to collaborate with privately
on something and I did, and I sent them the work,
they have it, I still have it,
I retain the rights to the work that I made.
And then they just basically
took this very well-known A-list person and just like made their shit corny. And when I was talking
to like their inner circle about this stuff, you could see who was like controlling the situation.
And there are these people that are around them
that they want to do what they think is best
for that person, but they're corny.
But when you talk one-on-one with the A-list or whatever,
they get it.
Like you guys are vibing because we're artists
and we know how to have a conversation
and we understand the language,
but it's these like corny, like how do you describe it?
Just like business people.
Yeah, and like, this is supposed to be like this guy's BFF.
And I'm like, dude, so-and-so, I'm scared for you.
Like, this is your close bud.
And like, he's got you on the corny tip with this shit.
And like, you know, it just took forever.
And I was like, I'm done.
I'm out of this.
I will publish this work, I think, eventually, because it was really cool.
I wrote poetry specifically for this individual and we were going to publish it together.
But they just kept wanting to go this commercial route that didn't
it didn't need to be like that. It could have been because he's so big that whatever he does,
people pay attention to. So it didn't have to be commercialized, right? Like he doesn't have to go
McDonald's. He is McDonald's, you know? So seeing stuff like that and seeing how when people try
to come in and to your guys's point about mass adoption, we shouldn't be focused on that because if celebrities want to come into the space and do their thing, we'll embrace
them.
If they want to do a mass adoption thing and try to do that, we've seen how that goes.
People get tired of it.
There's a general fatigue around that.
And I think celebrities, they're just collecting assets. That's the way that I look at it. So they'll come and they'll go, but look at us. We're still here. And I think like, we're, I'm enjoying myself. Are you? You know?
Happy I was gonna say happy umami day. I don't know if you're celebrating but I just feel like Friday's the day
We would do that. But anyways cap GM sir. What's going on? Yeah, you know the
Christie's auctions all that shit was it was kind of like interesting to see right and play out
Um, I was fortunate enough to be on a team of people that put a piece up on Christie's for auction, right?
And I just, I did like music production for it, right?
Different different backing tracks for different scenes of the art.
But that whole experience felt so fucking like corporatized and like just stale and
weird. and like just stale and weird and then like after that whole process had concluded, I was like reading some articles and like kind of like come to this understanding that a lot of these crypto auctions that were taking place with Christie's Sotheby's, right? being funded by early OG crypto whales to push a narrative that digital art
Renaissance is here.
This is the thing, right?
Like this is the future.
And it was like all of these auctions that were being done through Christy's
through Sotheby's, they were getting major kickbacks to throw this out.
The fucking Lady Phoenix auctions in the future, digital Renaissance bullshit like bro, like this was this was a funded and strategic
thing in order to get people talking about, oh, crypto art, is it the future?
Right? This is the thing, right? And then hopefully kick off a more, I don't know,
bigger market of people wanting to buy and trade these NFTs because
they did see them at a Christie's or a Sotheby's go for X number of figs, right? Like I think
maybe that was the mindset, but like definitely what Jess is saying is that like it's fucking
corny and weird because it's all set up and it's not driven by like always actual demand,
but more or less the illusion of like,
this is this great thing that we're gonna sell to the public
that we're gonna try to get them as a Psyop to love, right?
I don't know.
Kind of my feeling when it comes to the bigger auction houses
like Christie's and Sotheby's,
they've been around for 100 plus years, right?
So they're gonna be fucking, you know,
knowing how to run this shit.
But everything else though,
in terms of the smaller art movements,
the smaller art galleries, you go to these VR bars, these places where they have these
interactions, these digital setups for people to engage with artworks by digital artists
are really cool to see played out in actual places.
So I appreciate you guys joining us here this morning. We're gonna stay in
this convo for a little bit longer. I just saw one of the D-Farmer who I follow
has been an ape for a while. Just posted, been in crypto almost decade, never seen
such a cancerous price action ever. I thought we had a pretty nice little
week here on the price action front.
Nothing like crazy where we're falling off a cliff, but it does, you know, we need to
talk about the fact that Pengu just absolutely did not, no one cared.
No holders decided to diamond hand that pump there.
People's still trying to get out even though it's at some type of historical low.
Since it's all-time high, I think maybe, God, I wouldn't even know where the all-time high is.
Maybe eight? I'll say 7x from here. Yeah, again, I think we did have some nice movement here this week, but it's crazy to see that the market wanted nothing to do
with the Pengu ETF news, one of the first larger NFT collections getting put into potential
ETF filing or getting that accepted.
So we'll see.
I think the NFTs moved a little bit, but not that much.
They're sitting at 9.7 right now.
Let me look back on the week.
Yeah, all that movement was lost.
It just is like the day didn't happen.
Yeah, that's that is weird.
I mean, you know, you would have liked to see that continue
and build some momentum.
It's the state of the market.
It's the state of the post meme coin.
Oh, now that means going up phase, it's slowed down. It's a lot of the market. It's the state of the post meme coin. Oh, now that means going up phase, it's slowed down.
It's a lot quieter out there.
Fuck it.
Yeah, no people aren't giving as much as a fuck for right now.
Yeah, well, one continuation here.
Sorry, big guy, I just want to get this out.
We did see a continuation of positive regulation in the US.
The US Department of the Treasury is now, I guess,
delisting
economic sanctions on tornado cash. So that broke right as we went live. Another win.
Crime season, baby.
Yeah. I mean, another win. Well, crime season for one, but also just, you know, personal
use of tornado cash and not, you know, jailing the guy immediately and putting him into prison
for his entire life because he created a DAP.
Yeah I know that's a vast overgeneralization but that's essentially what they did but go ahead.
No I was gonna say yeah I mean the creator is as long as he's not the guy stealing millions and fucking you know washing it through but you just created the platform. Yeah. That dude should go through through the, uh, the fucking
ringer, just like, uh, what's his tits who, uh, who was recently
freed for, for Silk road.
I mean, talking about our friend, Ross, uh, Hey, go ahead, sir.
I stepped in front of you there and then let's bring in base
Buddha.
No, it's all right, dude.
Um, it was about the Pengu stuff and let's see, play it out.
Hey, I actually have to run.
So I love you guys.
Yeah, let's get the car.
I'm going to buy you a mommy with Klarna now with four easy installations of forty nine ninety five.
I'm a door that's just to my house.
I don't have anything to add on the outside, but yeah, I got to get out of here.
Love you guys. Happy Friday.
Love you, base. Take it easy, man.
All right. We've mentioned that the Pengu NFTs as well, uh, and pudgy
rods, we got to throw the pudgy rods in there cause I don't know why, uh,
everything retraced basically. Uh, so yeah, that is a,
that is a very interesting piece. Uh, Gargo also posted.
I don't mean to make this into board ape show here.
Uh, I, people are always just quick to call me out.
You're still fucking paranoid about it.
Yes, D bro.
Uh, Garga did have a positive post.
He's like, this is more to come.
Right.
He like, quote tweeted the Pangu ETF and was like, hey, he's basically kind of telling
us that you're going to see this from Yuga here shortly.
But Biggie, let's look at this post, man, because it's basically like a op-ed and just
response to this guy who's been in the community and I think calling out, I just bored apes
in general, but I feel like this entire combo has been a look at NFTs over the past years,
as we saw Good Vibes Club kind of return the narrative potentially to royalties being a
business model or at least part of one and seeing an NFT on ETH here that's being heavily traded
and doing well. So I don't know how to unpack this without like reading it. I don't want to read it like a bedtime story. But he's basically saying, thanks for your thoughts. I'm caffeinated and going to give you mine. We created board apes to scratch an itch. We put them up minting at 200 a pop, which was different at the time. Over the summer, we just put everything we had into welcoming and growing the community trying to make BOIC a way for regular people to experience and experiment with crypto. I don't control
prices. But with optimism and growth in the macro, the feeling that there was always some new crazy dopamine waiting to
hit, that some anons who don't sleep or cooking something wild up on the new frontier, the internet resonated with the
market, in my opinion, and royalties made it all work. The result was one of the best performing assets in the history of the
world for a truly insane year. But when you
succeed, you need to put something aside for the devil, a little tax, paid in cash, energy relationships to deal with. There's a large
piece about I think like the market turning sideways. Overall, your take seems to be that we should have just paused at September and
October 21 version of BAYC and Yugo, but the APE coin drop you think fondly of was received on the back of a
lot, lot more and also anticipated us all going out to do more, surprise more,
delight more. Doing that requires scale, but we tried to scale the company and we
couldn't find the talent to depend on. Board APEs in the community were making
millions just shitposting, so why would they come work here and deal with psycho trolls and insatiable needs?
Hiring the best in the Web2 business didn't work.
Literally would have made 10x of progress if I had just put
Figgy in charge day one of the other side and closed my eyes.
The reality here is Yuga hasn't extracted shit.
We've poured every drop of energy into growing the pie, but the infinite free
shit glitch of 2021 kind of depends on royalties.
Absent them, you literally have founders of what were one of the top five NFT
projects, shamelessly posting on the timeline today about how every NFT
projects should just shut down and dip.
I don't know who's top five NFT project.
We got to figure out who's supposed to that today.
This, by the way, this post is from yesterday at 1pm.
The reason why one of the longest standing
crypto institutions is inverse bra
is because our industry suffers
from the opposite of survivorship bias.
People are so quick to forget everybody who cashed out
and dipped that we invented a mythological
freezer frog thing to remember
for us because it's impossible otherwise talk about inverse bra we have people who raised for
their nft project at north of half a billion valuation literally don't have it in their
twitter bios anymore and it's all g instead we bemoan those who show up every day despite
whatever the conditions are to kick in somebody's head and build uh you have a you a screw loose to do this. There's no easy way period. You have to be
willing to bet on a long enough time horizon. You win because basically almost no founder
in crypto actually thinks this way. So I know that was a long thread, Biggie. Did you pull
out anything from it? It feels like it's part of the combo we're having here.
Yeah. The main two things, I think you have to have a screw loose because
it just makes sense, you and I were talking about psychopaths last week.
And damn, I've been feeling like a psychopath lately, but you also, like
he said, you have to have a long enough timeframe, man.
Uh, I think one of the biggest mistakes here, uh, you know, that falls on maybe.
I mean, both the founder, but also the collector or the investors, uh, you know, that falls on maybe, I mean, both the founder, but also the
collector or the investors, uh, responsibility is that right?
Like take a long-term vision.
Like if you're, if you're just speculating and you're over trading
and you're flipping left and right, you're, you're, you're not giving
yourself or the project or the founder a shot at anything, right.
And you're just kind of eating yourself alive in a way.
Um, yeah, interesting take.
Uh, yeah, it wasn't, I did see that post like somebody, uh, was it well,
uh, I think it might've been whale.
two things I'm pulling.
I mean, we're, we're talking about some of this.
I think Wang man was the one that talked about the web two side of things.
And we talked for about 15 minutes on it here today, back and forth.
But he's saying, he's openly saying hiring the best in web two
business didn't work.
All right.
Literally would have made 10 X the progress of I just put
Figgy in charge day one.
I mean, I believe that right.
Like I think like we were just kind of like talking about that with these
bigger brands that were trying to enter the
Web three space right it's like these are all web to marketers or
Promotions or whatever the fuck right that are working for these bigger brands and they come in and they kind of like
Fall flat on their face majority of the time right and like I don't know obviously like
Just from my own experience having rant in a project for an entire year, plus some change now, man, I don't know how I would handle running something like the size of board apes with that much volume and like money flying through trading volumes, plus the royaltiesalties plus all of your holders like
Just screaming at you on the timeline to do something else or what's next or this other thing, right?
And so it's like man you put the hype plus the money plus the urgency
Plus like everybody's locked home every day just waiting to figure out like what the next move is. It's like man
I I don't know if like, you know, having the presence of mind or
mindfulness to be like, have a more measured take or to be like, all right,
let's bootstrap this down in dirty small teams.
We don't need to go web two hires and bringing all these outside people and
opinions like let's just stick to a core vision, right?
Like, man, that's so hard to have that measured calculated thought process
when you're going through something like that during that time.
Yeah.
I mean, I think they, they kind of, I don't want to say bit for the, from the
forbidden apple, maybe that's not the right analogy, but they definitely like
went the route of like, you capped your point, they probably were very surprised with how fast
it grew.
I mean, billion dollars.
Flew too close to the sun, dude.
That's the thing, right?
And then they made a deal with the devil, is probably the best analogy.
They hired Blizzard.
They were like, yo, we need somebody to help run, like take over because it's,
we can't do this.
Yeah.
And yeah, because they've never been there, right?
Like it's the common thing that happens to a lot of founders that raise too much money
too fast, uh, to artists or whatever that, that have never experienced, you know, that
level of success.
That's why it's always good to kind of like they say, grow into your britches as opposed to just instantly like try to fucking, uh, skip a couple
of steps because there's, there's a learning process there, right.
And like, you gotta earn your stripes.
If not, uh, the growth, uh, you know, the, the, the, the roadblocks will be very
apparent and I think, yeah, maybe something like that probably happened, right?
Like they, they, they were so massively successful and there was so
much opportunity and they try to harness as much of it as possible but when it
came down to it they didn't have the experience to do so and yeah
unfortunately neither do web two people does anybody remember when trippin a
tribe launched we got to know the team pretty well. Who?
And um, Trippin 8 Tribe was a Solana project. It blew us like crazy. It's like day of launch
when it's like 75, so when it's near the top and uh, anyway.
Are you like wrestling with your team right now?
right now? Yeah, long, long, long story short, they just come
back.
Wait, wait, look, look, look, Jesus Christ.
They go quick, look, so sure they got under pipe real quick.
And they were just like a vent for it from others. They just
made like, like EDM pushing venues and like parties. And
then they all this crazy expectation came and they had no idea what to do
So it is randomly created like this story anyway
It's called parenting not wrestling cue
This is giving me meta mantra flashbacks, dude. Don't let your children drown or whatever is happening, dude
Please like just like we'll be here. I promise we'll stay for another fit you get you guys don't know you guys don't know
And sounds like I know that they're freaking out
I don't know imagine Wayne man's wife on this show being like he's just like I don't know you're are you stiff arming the kid?
She's she's now laughing hysterically. You don't you don't know how quick the roller coasters are
You know the other Biggie the royalties made it work.
Like again, we're having this royalties discussion with Good Vibes Club coming back and doing
that.
I don't know if the industry is ready to like fully turn on the switch and be like everything
should be royalties.
But I mean, there's the one of the founders of the biggest NFT project saying this, that's what made it all run.
I don't, I just don't know where that leaves us.
I don't.
Well, he ain't wrong.
Yeah.
Like Cap, here's, here's my question.
Like, is there a point where you're like, I know technologically, I don't know if
it's feasible as, as what goodes Club is doing by coding it in,
but is there a way, like a route, that we can just turn on royalties for fuckers and how would that change
the, you know, appetite for people trying to buy it and things like this?
I don't think it would change much.
So I don't think it would change people's appetite or dissuade them from like not wanting to
buy into fuckers or any NFT project really.
For us, it's really just a contract implementation thing, right? There's a standard. It's the ERC721C
and it has an implementation function in there that like specifically enforces royalties
to a marketplace.
And this is one of the things
that the Good Vibes Club did very well
is that they covered their bases
with pretty much every marketplace.
They made sure that they had a royalty enforcement
for Magic Eden, for OpenSea.
They made sure that they took actions against blur.
And that was a two-folded approach not just on the contract level
But on the platform levels and things they were doing too
So I mean it it takes more thought into setting up something like that for a collection before you deploy it
Then I feel like how whatever like fuckers could do to redeploy or migrate or do something else, right?
Okay, just be too much
And so it's like for us and I think maybe for other projects as well that find themselves in a similar situation
This is this is where I'm preaching. You've got to make a real company. Don't hedge your bets on
royalties in trading volume and telling people to just keep clicking
buttons and hope, right?
Because without proof of concepts, without a plan to return on investments, if you're
raising money from outside sources, you're basically burning money, dude, and you're
not going to have a successful company and you're not going to have a way to continue
your project's growth year after year.
Biggie, any last thoughts here, man?
No, man.
That was very well said, Cap.
Um, I, I, I am very interesting to seeing what this new, uh, it feels like,
I don't know, like a new era, but maybe like, uh, like a standard being set.
Right.
And, uh, again, um, I'm going to go into good vibes here, right?
Like, like you said, um, you know, you were talking about, you know, this moment,
right.
And one of the things some, some people are discussing is that, right?
Like it's, it's the approach they took to with royalties, but also.
I just, I just feel like the bar has definitely been raised, you know, for,
for, for upcoming NFT projects that want to mint, right.
Uh, these guys definitely covered all their bases, not to mention just quality.
You know, the quality is, is clearly there.
It's a three year project.
I don't, I don't know how many other projects we're going to see come down
the pipe that
put that love and devotion and time, sweat equity during a bear, uh, to create something
like this, right?
Having said that, like Cap was saying, it's not just that it's covering all of your bases.
And I'm glad that they did it because I do think that it sends a very strong signal to
the market.
And yeah, I'm just very curious to see what we start seeing coming out, uh,
you know, later in the year, hopefully as markets recover and, and, and again,
to see what the, like the market reaction is to, to these types of projects, right?
Like the type of scrutiny that they're going to place, uh, not just on like
their approach to royalties and other markets, whether they're blocking one or
another, but also I think the approach to just
the community in general. And again,
the time and effort that they took to bring out a really high quality project.
I do think I've heard of a couple of other people that do advisory that are kind
of like, man,
I don't have the heart to tell some of these people that I've been advising for a while that, you know, their product or project might not
meet the standards anymore, um, given the success of good vibe clubs in the bar
that they've set.
And I don't think that's a bad thing.
You know, I think as us, as collectors, we should be a lot more demanding and,
and, you know, as, as creators of said projects and products, like we should also be a lot
more demanding, right?
And so we'll, we'll see how, how, how this, this trajectory goes for the rest of the
year, but I'm excited about it, man.
Love it.
I feel like this has been the best discussion we've had on say what here in
quite some time, So it's good.
We've had a nice little week of episodes.
We had some nice stuff to talk about as well, which obviously helps.
But yeah, great discussion here today.
Biggie, I've got a couple, I'm pretty much done.
Bold Leonidas, I always love his work.
He put out my parents in their 30s talking about my work bonus means we can pay off the
house, a nice little like two story house.
And then me in my 30s, your first installment for the sandwich was declined, sir.
So always love boldly and nice his work here.
Doing it well.
Yeah, don't have much more man.
I thought I had one more piece that I wanted to get to but that was about it.
We did have that tornado cash news that came through while we
were live. So good to see that. Just further positive momentum
there on the regulation front. Any last pieces Biggie before we
roll out of here?
No, man, that that's about it.
Oh, here. Here's my it. Here's my question.
I'll ask the guys up here.
It's tough for me to even formulate how I want to ask this, but it's basically NFTs
versus meme coins.
We've seen some semblance of a path for NFTs to be successful here in 2025.
Meme coins coming off of a fucking gigantic run,
a huge run. People might call it manipulated, but still there was a lot happening obviously.
Do meme coins or NFTs take us back? Like if we have some type of run or is it through
like the proliferation of more NFT wins or meme coin wins?
meme coin ones. Man.
For free.
I'll tell you, my preference is for NFTs and not meme coins.
Um, I think, I don't know, man, I'm hoping, uh, DGNs are tired of the trench
warfare that is waged when meme coins come along.
Um, I'm not saying they can't be successful in there, but I feel like they, they need
to go back to the lab kind of like NFTs have and, and come up with something better than
just, Hey, token, you know, um, I think you're seeing that right now with this Pengu ATF
that you mentioned Q is to me, what, what, I mean, my, my theory there is that it just
shows that, you know, it's institutional investors
that are in the driver's seat right now, and they are a lot more demanding than your average
degen, you know, and they're not just going to like pounce on something because of a little
quick narrative, you know, they're going to want to see what the actual plan and maybe
utility is of that token. Right. And, um, it, to me, it just clearly shows up where, what the state of the normies,
uh, maybe pocketbook is at, or they, or, or, or, or psychologically they're,
they're exhausted, you know, from, from going into these tokens.
Um, and it also shows that yes, it's clearly the institutional investor
that is behind the wheel right now and
And it is not just with Pengu and meme coins. You see it all across with altcoins as well I think you will start seeing a lot more
demand placed on these projects than just you know total value locked or you know daily
Transactions or new wallets created.
They're going to want to see revenue.
They're going to want to see roadmap project, product market fit.
And that's good.
That's part of the growing pains that we need to go through.
Very much the same with NFTs, I think.
And hopefully that just creates better products and like a more stable market
so that when normies do come back around, they don't get absolutely fucking taken and wrecked
yet again and continue proliferating this bogus narrative that crypto is just scam artists and
bullshit and vaporware. So it's rough times, but I think
it's like good medicine, you know, in general for the market. And so I'm here for it, man. I want to
see how this evolves. All right, Wang man, be quick with the answer, sir. What do you got here on this
question? I would prefer NFTs, obviously. Yeah, I've kind of, you know, meme coins, sure, you make that fucking quick buck.
It's stressful as shit.
I had just to have more enjoy.
Like I made money on FT like the let's wish we could go back to the pace where you make
money on FT.
But it was way less crazy pace than it was with the main coin runs like me point, it
was fucking literally like you had to like sit there at your
computer looking like five different windows open.
Not that I ever did because I didn't have the time to fucking do it.
I did as best as I could.
Uh, to be successful, you had to like literally close, you know, you had to
float, lock the fuck in or whatever you want to call it.
And, uh, it felt mentally draining beyond.
I prefer something that's, I just prefer NFTs.
Whether or not the entire market agrees
that that's gonna be a thing, I see on the time
when people think like JPEG thing is done, whatever.
I don't give a fuck, I like NFTs, I prefer it.
I'll probably always trade them.
Yeah, oh, by the way, since we're having a great discussion,
do you wanna monkey rinse thrown in
with drama causing bullshit?
I could throw that in just for entertainment.
If you'd like to throw that in, I do want to quickly comment on this.
I feel like the worst kept secret or the thing that nobody talks about here is my initial reaction is that
NFTs, like Biggie is saying, they feel just more sustainable.
But I think if you look at the actual like, state of what
survived from 21, I don't know if the stats back that up. Like, sometimes I look at it,
I'm like, there's like, there's like nine projects left, you know, and I think there's
more at meme coins that will survive.
But there was way more meme coins there wasn't't, if you, if you look at like,
I can't do the math. Yeah, that's fair. Yeah, that's fair. No, I think you caught me on
that. But I, yeah, go ahead. Go ahead. But either way, um, yeah, there was a lot of,
there was a lot of cool projects at one point that, uh, just didn't have the, I guess the
mind sharing stay. And the reason why you see so little, most of them are just like, oh geez,
like there's nothing that stuck around really
that came out the end of the cycle.
Most of it is just the originals that did well.
Yeah, it's tough.
It's a tough game out here, man.
Yeah, what's the drama real quick?
We gotta run though.
Oh, is Cap still on stage?
Jesus Christ, what is this?
I don't know, would you trust somebody who's a pet store,
who was a pet store worker and a porn store worker?
Got it.
I don't know, do we want someone like that representing us?
I'm gonna toss that one right back at you.
Let's talk about that on Monday.
How about that?
Johnny, welcome to the stage, dude.
It is late in the show.
We're planning on leaving here in like the next, I would say, like two minutes.
But we had a great combo, man.
Wish you were there.
I'm sure you got some busy things cooking up over there, but it's nice to see you,
man, on a Friday.
GM, brother. Hello, my friends. Yeah, no, sorry. Lowkey kind of locked in on March Madness watching
these fucking bets tanking. So that's pretty much it, man. But no, I do like the question
right of meme coins or NFTs. The perfect world is both run and both are extremely liquid.
In a perfect world, both are liquid.
I don't even care about running.
Like candidly, I could care less about floor price action for NFTs.
To me, that's a little easier to manipulate or to achieve just through certain things like supply and demand.
But volume is like the true criteria in my opinion,
when it comes to like NFTs.
So I would just love to see like NFT volumes
fucking soar again.
To me like that would make my heart very happy.
Me too, Johnny. Me too, Johnny.
I love that answer. I love that answer, sir. Appreciate you capping off the show. Biggie Poppins, send us out, man. We got some drama that we're not going
to hit at all. Hopefully your teams are doing well. I think I'm going to bet Biggie on Auburn
not to win because we don't look that great.
You know, there's obviously a poly chain market that's pretty heavy on the volume. It's like the number one, uh, market right now is betting on the March madness piece.
I think I'm going to bet on Auburn not to win because if they don't win, I get paid out.
And if they win, we win, you know, it's just the way I'm just hedging.
I'm hedging my bets a little bit here.
So I'm going to go over to poly market right now and bet on Auburn to lose.
That sounds awesome.
What a terrible name, Auburn.
I don't know, man.
It sounds like some New England fucking village full of.
Anyways, I hope you win.
I hope you win.
Wow. You don't realize how. Anyways, I hope you win. I hope you win.
Love you, fam. Hope you have a great weekend. See you next week. It's always the same, it's just a shame, that's all I could live but I won't go Though my heart might tell me so
I can't feel a thing from my head down to my toes
But why does it always seem to be You looking at you, you looking at me
It's always the same, it's just a me, it's always the same It's just a shame that's all
Turning me on, turning me off Making me feel like I want too much
Making me lose just to putting me through it all the time
Coming around, seeing out all night Taking it all just to take a walk
I ain't bad living with you Just to putting me through it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, I'm taking it all, Why does it always seem to me, me looking at you, you looking at me?
It's always the same, it's just a shame, that's all
The truth is I love you more than I wanted to
There's no point one who said we feel like this
And we'll be together till the end I can't feel a thing with my head down to my toes
So why does it always seem to me?
You're looking at you, you're looking at me
I'm looking at you, you're looking at me
I'm looking at you, you're looking at me
I'm looking at you, you're looking at me
I'm looking at you, you're looking at me I'm looking at you, you're looking at me I can't feel a thing from my head down to my toes
So what does it always seem to be?
Me looking at you, you looking at me
It's always the same, it's just the same
And that's all
But I love you
All that I wanted to
There's no point in trying to pretend
There's been no one who
Makes me feel like it
You say we'll be together
Till the end
But just as I saw it was going alright
I found out I'm wrong and I thought I was right
It's always the same, it's just a shame
That's all
Work is a day and it's a night
Tell me it's bad when I know that it's right
It's always the same, it's just a shame
That's all I'm going to be back. Thank you. Bye.
