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THE DAILY ALPHAβ»οΈ
Recorded: April 4, 2025 Duration: 1:28:39Space Recording
Short Summary
In a week marked by significant market fluctuations, retail investors have made a notable comeback, purchasing $4.7 billion in stocks, while the crypto space anticipates the launch of the SteadyTeddy token and the integration of AI into various projects. Ethereum's upcoming Petra upgrade also highlights ongoing innovations in the blockchain ecosystem.
Full Transcription
Thank you. what's up what's up welcome back welcome back welcome back appreciate you guys stopping by
the daily alpha we host the show tuesday through saturday from 10 15 to 12 this week we are only
going till friday so today is the last show.
So if you guys can give a like and repost,
make this last space of the week the best space of the week.
So we do appreciate you guys.
We'll have Allison's thread pinned up top
of everything we discussed yesterday.
And then, yeah, we're on Ethos 2.
So obviously, still guys go over there.
If you guys need to invite, I think I have one left.
If you guys would, go give us a review over there we greatly appreciate it so shout out to
y'all appreciate you guys last show of the week and let's get it going how we doing this morning
chief we doing all right brother doing good yeah man doing well doing well i finally got my little
dmv trip out the way so that was pretty good um got everything officiated and whatnot so you know
paperwork and you know swapping over now passports ids and all that but yeah it's cool nothing to
complain about i mean market's doing what the market does we had a reveal yesterday for the
teddies thing and dude i pinned it up to the top at the very end of the show and I was gonna call it out
But they got my ass, you know how they pinned like a fake
Collection up there with the link it was like hey reveal your teddies and then they posted a fake collection
I thought that they were just trolling us
That like your teddies hadn't actually revealed themselves, you know, so I literally unpinned it from the top
I didn't say nothing on the show. I didn't do anything because i'm like oh okay they're trolling us again like reveal should be soon
they're even you know showing us the scam collection and then sure enough like 20 minutes
later motherfuckers have been trading all the rares are sniped and shit and i was like yo i
didn't even check my actual teddy to see if it revealed i just went to the link that they provided
you know so sorry for anybody that was
here uh we did kind of catch it i mean i was late and most of us in tda work at least a couple
minutes late but i saw the tweet pinned it up top and in the more research part you know i just
thought we were getting trolled on again and dude so many things were obvious all the the good one
of wands were all like the crazy 69 69 420 numbers and shit so we really
fumbled like so much of that but it was fun overall a good little last let's just say 24
hours in the market and we're just dealing with you know distracting us from the trump shit
yeah talk about trump uh you didn't you sold your trump hair i saw tons of people were unsure about the rankings on Magic Eden,
and they were not doing the best at it at first.
And people were like, oh, I got a 94, and then it turned out to be a 2000.
And then some people thought they had not a rare, and then it wasn't rare.
So it's like there's a lot of mistakes.
Well, it's because to me, I thought it would be a rollout of trades
similar to how Eath projects are you know how like slowly the
the number is going up as new ones are being revealed so to say like one out of ten and
you'll be super rare and then by the time the reveal is over it's like one out of 50 or something
like that you know i don't even know how they managed to like they all revealed instantly maybe
that's i mean ultimately not as exclusive to Barra chain, right?
But it's the reveal mechanism was pretty dope in that sense.
So all the traits and the actual quantities populated instantly.
And yeah, that threw me the fuck off, dude.
Because I was like, oh, I mean, this is the most popular guy here.
He's probably got a shit ton of Trump hairs.
And then I just sold my little Trump.
And I saw it, it got resold for an extra 50 Barra.
So, I mean, I got a 50 Barra hit but other than that like it wasn't too much
Luckily, I kept my panda bro. The panda is going up there. So
Yeah, they're all looking nice up. I mean, Jani swept like 100k of them last night and that's where he got his name, bro I mean, I we told I was sharing that in the lore
When we would talk about why Jani so important or with me bear, right? I mean his name, we told, I was sharing that in the lore when we would talk about why Janney's so
important or with me bear, right? I mean, his name literally came from that. They call him the
janitor for sweeping the floor and kind of just, uh, call, call up the janitor. We have another
issue, you know, and back when Barra, before Barra had launched, uh, he was sweeping rebases
like that. Right. And, and really doubling down and kind of supporting the Barrett ecosystem with buying rebases.
When no one gave a fuck, when they're, you know, three years into a fake chain,
he was still out there just mad sweeping.
So, yeah, that's where his name, the janitor, comes from.
But, yeah, he deployed.
He said everyone sold him too cheap.
I think he had like four times.
I think he was trying to spend like half a mil on fucking one-on-ones.
And he managed to get five one-on-ones for only 100k only 100k but yeah you know only 100k quote-unquote so i haven't i mean seeing above floor sales instantly seeing a lot of people
talk about steady teddy seeing a lot of people change their profile pictures to steady teddies
i don't know how to to say this is just like the club's opening
and everybody's going to be excited on the first day.
Or is this a kind of a new collection
that's kind of gaining mindshare across the space?
And I really don't remember a time like this.
And the only pattern match I could think of
is like the beginning of Bitcoin Puppets.
It's kind of where I'm kind of seeing this.
Puppets, yeah.
Yeah.
I'm not saying they're going to $30,000.
I'm just saying to see like instantly people change, be enthusiastic,
see above floor sales of one of ones and people like galvanizing around this
makes me think of like Bitcoin puppets just a little bit.
So I think that's on that note too.
It's like the cool part is that there's so many traits, right?
I mean, there's people that were posting shit on the timeline that I didn't see at all while I was scrolling through the traits and trying to shop, you know?
So I think that that's also the cool part, too, that it's causing people to go through and check it out.
And it's like Bitcoin puppets were awesome in that sense, but they didn't have have let's just say because of bitcoin ultimately uh
different chain different everything they didn't have as many traits right or as expansive i think
that this the fact that there's so many traits it's kind of bringing us back to does the art
matter is it good is it cool is it enticing and then it's one of these collections where yeah like
the art actually like in my opinion right, matches relatively to the price and the hype.
It's not like, oh, well, there was so much hype in the art is dog shit.
Oh, there's only five traits, right?
Like they at least made it to where they balanced itself out.
And I'm seeing that the art is dominating, dude.
People are paying like mad bread for over, you know, the floor rares.
like mad bread for over, you know, the floor rares. So. Yeah. And then you have people like
creating like trait groups, like the Saudi group is now something that people are trying to get the,
the Saudi headwear are just the whole hijab itself and starting like a kind of like a,
a trait group chat on that. So that's bullish. And then just in general, like, I do think all
that is very, very important, but then the one thing that kind of drives speculation is the fact that they've been
teasing at their token.
And there's free shit, not saying it's coming soon, but there's going to be a speculation
event of this Teddy and proof of liquidity and how is this going to work?
You're going to lock your Teddies in and get the SteadyTeddy token.
So I do think there's a staking element to this that's going to take supply off the market.
And I also think there's going to be a coin involved, which is the next step of this.
Like, yes, it has a great community, great art.
You have people galvanized, right, and changing it.
But then you have that speculation of it that gets people from not familiar with this to get in because there's an opportunity for free money.
There's still another opportunity.
Like, it's not done.
That's the thing.
It's like the people that missed this, you didn't miss it it's like well they're still they're still left right it's kind of like when
you got an ape before the ape got all his airdrops right you ride out the airdrop train and potentially
if the jpeg does well then ultimately the token could potentially do well as well and then it
fuels that speculation bro this man uh fucking sam sniped the rarest accessory on a like on secondary sale
I think he has like a 400 bear or something offered because he has the 1984 book
I think there's Alex Jones Alex Jones background to you, bro. Yeah, like he literally has one of the most fucking rarest bears
GG Sam, I mean and you were just blind by too, so
PG, Sam. I mean, and you were just a blind buy, too.
Look, that day they was mentioned, and I knew you had told me.
You was like, you know, you got to set your wallet up.
I mean, I had my gas, but my computer was messing up, so I had to do it on my phone.
So I said, fuck this. I'm going to go on secondary and get it before they meant out.
And that's what I ended up with. So thank you, God.
The response to 1984 is 1776.
So you got like the perfect combination of the 1984
with the Alex Jones background, dude.
I would hold on to that one.
That was going to be rare.
Sell that to Alex Jones himself
whenever he comes into the space.
I think it's time for a P&P change.
Yes, sir.
I mean, macro is the most important thing right now i know it's kind of boring and it's doom and gloom these days but i figured we'd talk about
a little bit stuff that's going we've been talking about this negotiations of these tariffs
of they're really high it's reciprocal and negotiation the deadline's not till the ninth
and you've already kind of seen the negotiations starting to happen.
So what happens is they're like, okay, America's getting fucked over.
Well, we're just going to raise our tariffs to what you do.
Both of these people look at each other and it's like,
well, this isn't doing good for any of us.
So let's go to 0% tariffs.
And that's kind of what's happening here.
You have Cambodia basically reneging and dropping theirs down from 35% to 5%, which is a crazy drop.
And then I have Vietnam wants to cut their tariffs down.
So the negotiations are starting.
Donald Trump was on the plane yesterday and saying all the countries are at the negotiation table.
So I think we've seen the worst.
And now I think it's we're in negotiations.
And I see like a bit dovishness happened with this kind of what we were talking about
yesterday. You know, it's quote unquote,
technically the worst that can happen was yesterday.
Ultimately in nine days, if no one wants to play ball, that is when,
you know, let's, we can go the leg down. But other than that,
like that was, we already cut ourselves right now.
We're in the process of putting the band-aid on getting neosporin
making sure it heals correctly uh you do have some people that are like yo you got cut well
here's another one right and i mean china this morning uh responding with the exact same amount
at literally reciprocal taxes and tariffs uh for another 34 on top of or matching the US, right? So that's the thing. It's not
everybody's going to take lightly to this. Not everybody's going to want to play ball. Some
people are going to take advantage of this and say, you know what, let's actually just break free
for our own benefit too, right? Because at the end of the day, this is kind of like liberation day for
quote unquote, all those involved. And so this works in a positive and a
negative, I think, in my opinion. Ultimately, this pushes people further away from the dollar
standard, assuming that they don't want to play ball. They're just going to say, well, fuck it,
the dollar is going down anyway. Let's continue to move away from that. We'll endure whatever,
quote unquote, pain that comes with it. And hopefully we're better off on the other side.
Right.
And you see that example being done with Canada.
Ultimately, we don't know if they're going to play ball.
Right.
But everything, at least for now, in terms of just how they presented themselves is we're
not playing ball.
You guys are just we're going to break away from you guys.
And we didn't want to use the dollar anyway.
So fuck it.
Might as well two birds with one stone so for us in crypto land that reinforces the narrative that the actual
dollar itself is weakening but um let's just say global macro normal people land uh the dollar
weakening as a primary currency of the world affects all of us, right? No matter underlying if Bitcoin
becomes stronger or not, the day-to-day will be affected if the underlying asset is no longer
sought after or wanted as much. So it's kind of a double-edged sword. It will take a while to play
out. But I mean, you're starting to see some of that rollout now. Yeah, and it's just a headlines kind of cycle right now.
We're all, nobody's buying spot.
Everybody's leveraging.
So basically people are just putting five to 10x, 20x leverage on Hyperliquid.
And that's where you're seeing the volatility.
You guys need to be aware that Jerome Powell's speaking like right now.
Like we're not going to get another FOMC meeting till May.
So his words and how he talks is going to affect
the market. So if you guys are in leveraged positions, just know that this man's about to
do something. And the market's probably going to go up and down until he leaves. And Donald Trump
isn't taking this appearance lightly. He basically, right before this, he says,
this would be a perfect time for the Fed Chairman Powell to cut interest rates.
He is always late and could now change his image quickly.
Energy prices are down.
Interest rates are down.
Inflation is down.
Even eggs down are 69%.
Nice.
And jobs are up.
All within two months.
A big win for America.
Cut interest rate, Jerome, and stop playing politics.
Well, he can't cut them until the FOMC meeting.
But Jerome Powell, maybe listening to this, maybe can be a bit more dovish
and maybe spark some speculation of these rate cuts. And people are already kind of pricing in
these rate cuts. I think we were up to four to five already. Earlier this month, we were at like
two, maybe two. And now people are saying close to four now. So four cuts priced in the 2025,
to four now so four four cuts uh priced in the 2025 five ntms and 34 chance of a may cut so may
looks to be the best opportunity and uh basically now looking at uh the policies and cuts maybe four
and now it's up to 4.5 so maybe even five cuts so i don't know man i i do think today and what
jerome pal says could affect the market going into the weekend.
But you got to understand, like, don't trust weekend pumps.
A lot of the Wall Street people are taking the weekend off and they stop at five o'clock.
So you're basically just going to be leverage trading with a bunch of degenerates.
So good.
And on that, too, I'm pretty sure.
I mean, I think the VIX is at like 40 percent, which is the volatility index score. You know, like, I mean, these TradFi guys probably look at that and be like, yo, that
threshold is not for me.
You know, I don't know, bro.
To me, when I look at that, it's there's got to be levels to this shit.
And that's like a double diamond on the ski slope.
If you're not out here and you're ready and you're not prepared and have the tools and
skills to, you know, trade in a high
volatility index of that of 10, 20% swings, billion dollar drop downs in the S&P and shit like that,
like, maybe you should just sit for a week and chill, you know, because that's the issue. It's
everyone feels like you have to be trading, you have to be buying. Dude, go, go read a book, go
find a game, just go sit on your your hands maybe even for a week until a little
bit of the dust settles right and then you can start being active again because that's the thing
too it's like to a certain extent you talk about these low liquid weekends when you have a week of
a volatility score of 40 bro i mean i wouldn't dabble on the weekend anyway you know so it's
just stuff like that it's like you're adding i guess factors
against yourself so yeah i do kind of agree i've been taking the weekends off i mean i'll go to the
meme coin trenches but i'll i'll stop on like the like leverage trading on that so and i've been
bringing you guys uh yesterday i talked about this report of just retail investors in the stock
market and they did a survey and they haven't been this bearish in a while. I found it. So retail investors are becoming even more bearish.
The share of individual investor expressed bearish sentiment over the next six months,
and the AAI survey hit 61%, the most since of March of 2009. This is the third highest reading since the survey began in 1987. By comparison,
in 2022, peak bear market was 60%. So the AAII bear sentiment has been above 55% for six
consecutive weeks, the longest stretch since the 1990s. This surpassed the previous five-week
stretches during the 2008 financial crisis and the 2022 bear market. So yeah, I mean,
retail in general, like we even, you know, your wife's coming up to you. People are talking about
it's all over the news. I don't know if this is like back in 08, we did it. We just had Facebook
pop up, you know, Twitter isn't here. I don't know if this is just a culmination of us having
more information than ever and people people their feelings being affected by that
i don't know yeah that's that whole hyper connect that hyper connectivity shit right
the hyper i mean we talk about that with our kids we talk about that with everyone right i mean i
think that that's now also affecting markets and we haven't seen that i mean back in the day you
didn't see that your best friend didn't invite you out to you know the movies or something today
you know that instantly or something today you know
that instantly and you're in those fields right then and there ruins that day right then and there
and that's the same thing with markets news rumors right a lot of this shit is just rumors a lot of
this shit didn't even happening yet or is potential and in the world if we had the same connectivity
back in 08 i guarantee this would be at like 80%, not 60%. Yeah, yeah, yeah. That's what I'm saying.
Like, this is just, I think, a symptom of hyper-connectivity.
And we don't know how that ultimately is going to affect us.
But, I mean, I see that we've seen this in almost every other area of our life.
And so it's only a matter of time that we see it in the financial sector too, right?
This, the new, we saw it with the Coinbase, or Cointelegraph, you know,
and we're starting to see
it more and more how we can't be tied to this news or these people and these markets have to break
free right because if they don't then because of hyper connectivity then we'll never stabilize
yeah and i've hear people like saying the stock market's dumping and bitcoin's holding up
relatively strong so i don't know if this is the beginning of us like decoupling from the stock market or if this is just a short
term of you know someone's bidding it on leverage right before they go to sleep or not so because
like holding at 82 83 while like the s&p is down another 15 20 makes it look like bitcoin is kind
of decoupling again from the stock do you think it could run without the S&P running?
I think that you're right on that end to where they're decoupling
and at least creating some type of, I'd say, floor or safety net for themselves.
But I don't see Bitcoin truly running if the S&P is in a free fall
or just in the red, personally.
It was just this chart that I looked at with the global liquidity
as being like a three-month delay and gold being a delay.
And seeing Bitcoin at like a point of where it could go up
makes me think that maybe it's more correlated to the monetary supply
than actually the stock market.
So I just pinned up a chart kind of showing you,
and we talked about this before,
how the global money supply is like a three it's like a three month delay to bitcoin and we're kind of at that point where if it is correlated
then it should be going up and so i don't know like i i would love to know and so we'll maybe
find out you know with more time but i'm just kind of showing you guys charts and and just
trying to bring you guys some you know hopefully some some hopium and just be level-headed here.
Just try to figure out what's going on.
So I pinned that up.
And then there's also a 200 million of souls unlocking today.
So that's happening.
And then I also saw that FTX repayments are completed too.
So we got the unlock.
We have FTX repayments.
We got Bitcoin kind of surging here.
That's what it said.
So everybody received the shit?
I think it's let's
see marty said something that about it before i remember i talked about this i think at the
beginning of the week when i posted that graph it was supposed to be pushed out by june or something
that i thought maybe like the amount that they're you're going to be paid got finished today
calculated you know it says ftx repayments nearing completion looks like the cash is already sent
and was accumulated by winter mute and this explains the sell pressure since january
and like i have a thread here of winter mute um that we've been talking about winter mute and how
they play this game with the the market and i actually found this guy star platinum did a
thread on what winter mute exactly does so you guys can get kind of uh understanding found this guy, Star Platinum, did a thread on what Wintermute exactly does. So you guys can get kind of understanding.
So this guy isn't here to play fair.
He's exact, extract every opportunity from the market.
Here's the story behind Wintermute and how every Binance launch turns into a nightmare for users.
So Wintermute was started by this guy named Enve Ghebnov.
I don't know how that's, but they're been one of the biggest market makers in crypto since 2001. So what does a market maker do? It gets tokens early at a
discount, sell high and crash a price and then buy back cheap. Later than the token list on the
exchange, they sell again for profit. It's legal, but retail always loses. The CEO of Wintermute,
Binance Market Maker, said it clearly. We are not a charity.
We are here to extract as much as possible from the market.
Exchanges use market makers to move prices and trap traders.
Binance, Coinbase work with them to dump tokens, trigger liquidations, and control the charts.
It's on-chain, public.
Everything is happening every day.
The chart made by Death Detective says it all.
Only three of the 27 Binance listings in 2025 made gains.
An average loss of 44%.
If you bought, you were exit liquidity.
This is how crypto works now.
Binance and Wintermute run the game.
They use market makers to dump on you, clear longs, then pump to wipe shorts.
It's a $20 billion a day casino, and we're just the players.
The only way out is self-custody get your assets off exchanges yesterday winter mute moved fast
fd usde dropped to 0.876 after fake news and took out another 31 million out of binance right after
if they bought cheap and sold later they made likely three million dollars the game is not
fair they want you to lose your money to protect yourself don't buy tokens just because they're listed on big exchanges
watch for big wallets like winter merit do keep your crypto and your own wallet be
be smart and stay safe so i know we've been talking about winter me for a while and this
guy basically created a nice look at that guy saying what they do bro look at that guy that's
the kind of guy you're getting bullied does he kind of look like uh what's his name he looked
like someone who would expeditiously uh rug you because he can't do anything else in life expeditiously.
That Hayden guy that ran the Argentina thing?
Why are they all white, blonde hair, overweight, glasses?
They all look the same.
You don't want me to answer that, bro, but yeah.
Go ahead, bro.
Let's kind of transition out and into some new things so first
and foremost um we already talked about it though uh for anyone that did get a steady teddy go check
it out uh they revealed yesterday as x mentioned speculation for the next step on that is the
potential token airdrop we talked a little bit about it on the show when they teased it.
I've explained to you guys how proof of liquidity works, right?
Ideally, it doesn't need a JPEG.
They haven't had any JPEGs included in this proof of liquidity, right?
But when P.O.L. went live, one of the, I guess, animations or just clues, Easter eggs that were in the video was staking of NFTs, right?
So ultimately, I don't know anyone to champion or flagship this new product or protocol for the chain itself than the quote unquote most hype NFT on that chain so if anybody's going to roll out some type of staking for something uh it probably will be a different form of proof of liquidity right we're already starting to see
pol start to be tweaked and changed um since the last two weeks since it went live last week
this week they already didn't approve any of the quote-unquote shitters, right? So if you're not paired against or to Bera
slash benefiting the ecosystem in some type of way
besides just buying and selling,
you're not being approved for BGT emissions.
So I do think that the NFT staking
will be a little bit different
when they go down into proof of liquidity
and stuff like that.
But so much the actual assets themselves right that's more or less
probably going to be the same shit stake get x amount of tokens and just how exactly the game
theory is and use uh that'll be custom right so just something to keep in mind um and you can see
this probably done with me bear too right like when me bear comes out probably staked for him
oh yeah that 100 that has uh those kind of quote-unquote
features built in natively like through on a smart contract level that will be a feature of
me barra like to take a loan against it to have these auto staking for henlo and all that this
teddies would be utilizing barra chains proof of liquidity and tapping into like the first collection to use Barra chain's
staking proof of liquidity kind of POL, right? So that's the biggest difference here is one,
one guy wanted to guarantee that this was done, whether it was rolled out on POL or not.
He wanted to have these mechanics, right? And that's Jani and all that stuff with the
Mibera. And then you go into this is they have the option to turn that on for their collection.
And hopefully they are the first collection.
I mean, that's what I'm thinking, that they'll be the first collection to turn that on and kind of pilot the Barra chain, Barra Foundation NFT staking.
Right. So we'll see that since we're on the subject of just barra in general there is a
airdrop for you guys for anyone that used ooga booga uh or had been using ooga booga the exchange
uh they've been slowly climbing the ranks right there are a a dex um and they probably have the
best routes right because they tap into uh in a sense, anything and everything on the chain, right?
Emulating the data availability kind of thing from Tia, you tweak that and you can do that the
same as for DEXs. So they've been saving people money and they just went live with their token.
Pinned up top is the link to the airdrop. If you did any exchanges or swaps there,
there's a potential for you to get some free money. Androp if you did any exchanges or swaps there there's a potential
for you to get some free money and then if you'd like to just play and participate on the token
itself contract address is there it launched at 10 mil fdv and was sitting at 15 mil when i checked
it a little bit earlier today so up to you guys on whether or not you'd like to participate granted
there are still a couple other heavy hitter protocols that are out there kodiak uh infrared right and then a couple other decks is
bear drum etc so it's really about picking your horse in this race and just seeing how far you
want to kind of ride with them uh one thing i will say though is smoky did caution uh everyone from
this continual of dropping of of tokens and kind of expanding,
right? He said, we've only been out for two weeks with proof of liquidity. Baruchain as a whole is
now approaching two months. He's like, there's no rush, right? Slow it down, quit fighting for each
other for liquidity, right? And in that sense, it's like, especially if you guys are protocol level, you don't have to cut FDV in order to basically vamp yourselves.
Right. So full blown post about that, posting it up to the top.
Tread lightly as this is kind of token chain DeFi.
That's the primary carrot is some type of token.
Ultimately, if there's a lot of them.
Right. The chances of someone buying yours because it's yours is slim.
So full article up top.
I suggest you guys just read it.
It makes you a better investor as you're navigating this.
Let's just defy section, right, or more of a token native ecosystem.
So grain of salt, learn something and uh invest wisely right i think google book was okay but
a lot a lot of tokens dropped within the last week that are from protocols or supposed uh going to be
some things they need to fix these articles so they don't fuck our space up kind of pushes the
whole space down it's fine i just ain't like it's obviously an issue. Magic Eden is doing cross-chain swaps now,
so you can instantly swap between all major chains
like Solana, Bitcoin, Ethereum, and Base
with more EVM chains coming next week.
I would imagine you get Barra, Abstract, and others on there.
There's another launch that's happening
that I haven't seen on Magic Eden before,
and it's called Think.
It's an AI agent that's going to be launching
on Magic Eden next week,
so we're pleased to announce our strategic partnership with Magic Eden to launch the first on-chain agents.
So minting on April 22nd. Supply is going to be open for 24 hours. The mint price is kind of steep.
It's 0.27 ETH. The ART is by BASIC. Well, I guess it's maybe some ASIC ART assumption,
but tokens clued up 15,000 think via dynamic allocation trailer below sound
on. So it looks like they're going to be launching an AI agent that you could purchase for 0.27 ETH
by this new protocol called Think Agents. The new internet will be built on agents. The tokens
think bigger. So I haven't seen this before. I haven't seen, they typically only launch PFPs
and now they're getting into launching AI agents, which is something new. I don't seen this before. I haven't seen they typically only launch PFPs.
And now they're getting into launching AI agents, which is something new.
I don't know if this will do well.
0.278 is kind of expensive in this market.
So I don't know.
It might do well just because it's new and unique.
But just wanted to bring that to your attention as I saw that this morning.
I was like, holy shit, that's new.
Did you see Wales post about, I mean, since you brought up OpenSea,
I think this is definitely a topic for discussion.
And I never thought about this. But, you know, OpenSea is the only marketplace that still charges the fee?
Oh, shit.
Damn, I just realized I'm talking to myself like a motherfucker, bro.
What is this?
Sheesh.
Well, yeah, OpenSea is the only marketplace
that charges the fee still so
or OpenSea Magic Eden
OpenSea doesn't
Mintify dropped their fee
and yeah so I'm gonna post
it up to the top y'all can check it out
I mean I thought it was pretty
interesting right the debate itself
I think you misread the post
what do you mean I think I think you misread the post. What do you mean?
I think it said Magic Eden was the only yeah, I was I misspoke. Sorry
Open C doesn't charge it Magic Eden is the only one that does the fee
Yeah, but open C's fee is much lower. It's like 0.5% Magic Eden's is over 2%
Yeah, mintifies is zero was i saying open
see the whole time did i yeah oh damn yeah expresso fuck me up leaving bro i got lost in the
size i meant magic eden for anyone listening all of that was about magic eden still charging the
fee and open see and mintify not charging a fee slash very very very minimal. Right. And that's one of the things that ultimately they
have a quote unquote monopoly on specific stuff. Like no one else does Bitcoin, right? Or they do
Bitcoin, but no other major marketplace does Bitcoin, but you can go to Mintify. It might not
be what we consider as major for all the foot traffic. But at the end of the day, if you're
interacting on a, on, let's just say an asset, if you're not going to do a peer to peer, you want to use a marketplace
and you're going to trade something that's worth 10, 20, 30 G, right? You don't want to give 2%
away just for 2%. Like you can go and say, Hey, meet me on the mintify website or meet me on
whatever. Right. And you get magic sat and you can interact that way. So I don't know I just thought that that was an interesting post
I'll put it up to the top but he was just bringing up that that magic eating is the only one with a 2% fee
granted they have a monopoly on specific things right like Solana and
Bitcoin and then magic eating got Barra. So they're good on that magic eating got Ronin
So they're good on that. So it's like that back and forth.
But do you think that they need to drop the fees until other people add on Bitcoin and
sold?
Or is that just, hey, it'll always be more expensive and you get more things with us
though?
I mean, I think in general, Magic Eden also has that token that was trading above a billion dollars that's since gone to below $200 million if you're not including FDV.
Because they have unlocks and all that other stuff.
And it's not fully out there in terms of token circulation.
I think Magic Eden, though, does have that advantage of having other chains that OpenSea doesn't.
So, like, I don't think, I think that they still have dominance in terms of, like, market share for non-EVM chains.
So, like, Bitcoin, Solana, etc.
But I don't even know who's buying NFTs on Sol right now in general.
So, I think it's more important with regards to, like, Monad and all those other chains where people are farming airdrops.
Yeah, but then you got DeFi Kingdoms or DeFi Dungeons.
They were the number one selling NFT across, I think, almost every chain, at least for 24 hours.
That's 24 hours of fees that they, in a sense, quote unquote, extrapolated, so to speak.
So not to say there's anything wrong or against that but even when that when you do get
those booms right you get booms like you actually get mad volume flowing through on solo and i mean
we saw it on bear chain teddy's top the charts across all of magic eden in all chains right so
that's one of those things too it's like i i wonder what open c did during that teddy boom
were they getting as much volume on that or not i mean
i can probably pull that up and see but you know that's the that's the interesting part too it's
like does that show you or how much they were getting in in 24 hours
yeah i have a question go ahead no no ask your question did you ever uh did you ever
publish something on Manifold?
I don't know many artists.
Yeah, I did.
I got a shape airdrop.
How much was it?
That's what I wanted to ask.
It's so far away.
And the FDV of shape is, sorry, the TVL of shape is like $100,000 or something right now.
So I don't know.
Anyone that's milking that airdrop good luck like i'm all for artists getting airdrops but like i think with this particular one i don't know how big it's going to be also was like 6 900 tokens of something
that like is so far in the future like they're talking about like july or some so i'll believe
it when i see it i'm happy artists are getting something for minting contracts.
And that's very cool.
And I got 6,900 tokens of whatever that means.
But no idea what it's worth.
And my hopes are not up considering the fact that the TVL of the chain,
if you look on DeFi Llama, is like literally $100,000 or something like that i feel that i just figured i'd ask i i was expecting so look obviously like i
no no i even think the wayfinder the wayfinder airdrop's gonna be peanuts too it's just i
don't know there's too many people in it and i i think it's too many people in these airdrops or
there's not enough tvl locked in the chain and they just all become peanuts and in a bad market
just like airdrops are not going to be successful, right?
Dude, timing.
Like, no one gives a fuck that your product is ready to launch.
If it's not time to launch, you literally ruined the first impression coming to market because I got to come to market.
Like, you don't.
Figure something out so you don't because that literal boom is what makes it or breaks you, you know?
How people perceive it, what the environment is.
Are people naturally in the spending mode?
Do they feel good about spending money?
Do they feel bad?
Is it capital preservation?
Like that influences a lot more than the individual art piece or whatever that is, right?
How, shit, can I eat tomorrow?
I give a fuck less what you're selling.
You know, and so stuff like that is it starts to influence that so it makes it tough dudes
I mean, I guarantee you prompt
Would have been at a higher fdv and more people would have got involved two to three weeks ago when they first started got on
Kato and all that versus now you have the kato mindshare leaderboard saturated with
I'm so bullish on prompt.
That's all you get.
That's a million bots of people and wannabe creators saying, I'm bullish on this.
I think the problem, though, is that people are making agents with Wayfinder or whatever it's called and then using it to farm it.
So I think it's like a whole flywheel effect with that so you have a lot more bots replying
on with if you look on kaido than with other airdrops yeah and there's there's really
limited access to it if you weren't in like the beginning stages of like the parallel thing you
don't even have access to like the beta version of prop yet it's still it's still like disabled
for a lot of people so i thought i
thought if you bought 500 worth of that other token that's related to this in this ecosystem
then you could start farming wayfinder yeah i think it was in the beginning that was like
for get people that on the wait list over the top is that you had to hold like five thousand dollars
worth of prime or five hundred thousand dollars or $5,000 of the token,
you were able to get on like the beta list and start farming it. I think they kind of like had
too many users and kind of like cut that off after a certain period. So I'm interested to see how it
is. I do think, like I said, I think it's gonna be underwhelming for the vets, but I think the
stuff that will be cool, it would be see maybe some like DeFi capabilities for people that want
to create liquidity pools that don't understand. i think that would be something that'd be interesting to see so yo so i mean i'm looking
at this now and i don't know if i if i believe this so i'm looking at the stats right now and
just in general right um over the last 24 hours apparently magic eden has done um 190k worth of Bera on SteadyTeddy's, right?
Volume, 190,000.
How much do you think OpenSea supposedly has done in the last 24 hours?
Probably like one-third of that.
Well, OpenSea is showing that they've done 450,000 Bera in the last 24 hours, which doesn't really make sense
because Magic Eden's overall complete total amount of Bera traded since SteadyTeddy's inception
is 4,035. So apparently OpenSea within 24 hours surpassed Magic Eden's lifetime steady-tedy trading volume. I mean,
this is just raw numbers from the front. I'm not pulling APIs. I'm not pulling anything like that.
I'm just going on what it says. Now, I don't know if people are buying on OpenSea or Magic Eden,
right? When we go into these EVM chains and the ability that people have to shop around,
I mean, are you going to pay the 2% fee? If you have the ability to not pay the 2% fee, why not?
Right?
And that's something to consider now
when you start spending more and more money.
It's just an interesting metric as,
I mean, maybe they are.
Because look, on Magic Eden right now,
the last sale was three minutes ago before that,
six minutes ago in the last, before that 11.
If I go to OpenSea right now and check out activity,
4, 4, 7.
So I don't know if it's just showcasing the same thing
and it's not individual activity per marketplace,
but perception-wise, it looks a little skewed
as if people are actually using OpenSea
three, four times more than Magic Eden,
which is...
To get around the marketplace fee
yeah maybe that's what i'm saying that's an interesting thing because i would have never
guessed blur moment it's like the blur moment when openc was taking two to five percent off
plus the royalties i guess it was the royalties thing and then blur came out and then art gobblers
came and you could have sold your art gobbler for 17 eth on openc and they took that five percent
cut or you could have gone on
blur and did zero percent royalties so that's what's happening here it looks like with the
marketplace day it's just like a instead of royalties it's now market yeah i'm just putting
that on your radar because if you're out there trading i wasn't shopping for marketplaces anymore
maybe it's time we start we start shopping for marketplaces again, right? Especially with this huge discrepancy of 0.5% in two.
So just throwing that out there for you guys.
And an airdrop.
And an airdrop of OpenSea too.
And they haven't even rewarded XP to Baruchain NFTs yet.
You know that if you minted my NFTs, my flowers on OpenSea a few weeks ago and you held them till last week,
you also got this 750 XP from OpenSea. you minted my nfts my flowers on open sea a few weeks ago and you held them till last week you
also got this 750 xp from open sea holding any nft in it since the genesis until the snapshot
you got like 750 xp dude so shout out to emla for fucking airdropping those the people and shit dude
definitely uh definitely something um those uh off the grid changed their profile picture to an Ape.
And you remember the Trump and Kamala Harris fucking skins have been some of the most valuable ones.
And now they have Bored Ape content packs now.
So I didn't even notice this.
This launched two days ago.
So they have Ape Roll content packs for Bored Ape Yacht Club is now live via the OTG Pro.
And OTG Pro is the subscription that you have to buy.
It's a monthly subscription to actually get access to the protocol with all the marketplace.
The extra shit.
You can play the regular one, but if you don't have the Pro subscription,
you get four times less rewards and less cosmetics and less everything, you know.
Yep. And then I got that player one gaming YouTube guy that has 800 followers.
That is basically the goat when it comes to on off the grid.
Basically, he gave me an update on these.
So 66 out of the 199 golden ape board eight mass have been one and off the grid.
Only 133 April Fool masks left.
So how do you join to participate in the next challenge?
You join Off the Grid official Discord.
You get a full squad of three teammates.
You go in front of the Board Ape image and take a screenshot with your team.
Submit it to the Off the Grid Discord.
Deadline is April 5th at 9 a.m.
42X Gold Ape masks will be rewarded.
So if you are playing, if you have ape pro,
go get a squad of three people,
take a screenshot next to it,
send it in off the grid to Discord,
and you could possibly win one of these last remaining masks
that there will only be a limit of these.
Obviously, Bored Apes is a massive community.
You could probably make a few thousand dollars,
maybe a few hundred dollars off this.
So I don't know if anybody's playing but i thought it was something interesting
that seemed relatively easy and if people are playing this weekend you have a day left to go
do this with your friends well yeah it looks that actually looks unique as if it has some type of
reference to bored apes you know the other one is just like a monkey skin you can call it a bored
ape all you want i mean it doesn't optically or visually say oh look that's a board ape you know it's like oh cool they had an ape skin so i think
that this is a little bit more identifier as it has the little nfts are dead and all that kind of
shit has details on it so yeah i got i got one then i'll throw it back to you chief our emma if
you guys want to bring in the alpha up um infected which was that game that we played that was on base, kind of very similar to PvP.
They announced that they were going to do a new game.
And then 22 hours ago, we crashed base and now we're moving to Solana.
After building solely on ETH for the past four years, we decided to migrate Infected.fund and all our upcoming project games to Solana.
There is only one reason for that led us to that decision.
Base can't handle infected
dot funds demand we'll explain this in details but we don't want to make it clear that this is
not solely base's problem it's a function of scaling issue for all evm chains i don't know
if i want to get into it uh it's a pretty long kind of explainer but yeah they're moving from
base all the way to solana and good luck to them well was it even like in so like i
didn't hear anyone really talk about it while it was live like i heard people talking about it
before it was live saying like oh this the people that brought us the country game are bringing
infected whatever i don't i didn't see anyone say that they made money on that game or that
they even played it but i saw like the first day, right? And then it kind of went to fucking...
I don't know what they're saying,
that the scaling issues,
they can't keep up with that on base.
Like, I don't know.
You have people that...
What scaling do you need?
You have no demand for your game.
What do you fucking know?
It sounds like an excuse, right?
And we had this discussion yesterday.
Is it the chain's fault
or is your game fucking whack?
Sounds like your game's whack, my guy.
No one wants to play infected and dust people. It's oh i'm gonna drop a token bro just make me want this
without you having to be here and then whatever you do is just icing on the fucking cake bro you
know what i'm saying like that's literally what it is but have you ever seen a project successfully
transition from one chain to another?
Like, the only one that even comes to mind is D-Gods, and we see how that went.
I guess the...
No, I was about to say Cyberkong's going to Ronin.
I mean, in a sense, it really just depends on what you're looking for.
Did the Cyberkong's floor price go up?
I mean, but they actually got gamers for their game, which in the end of the day, you know, that's kind of what their goal was to a certain extent.
So I don't know.
I think there's specific use cases.
Like if you're OK with not having the highest floor price or being the hottest shit, but, you know, I want to be a gaming company and I need people to play games, then go where the gamers are.
Go where the attention is in that sense. Right. But the product market fit aspect part, we can't keep ignoring or pretending. Right. It's
like, oh, well, I'm not going to find someone to sell this to. I'm going to just hope that they
want it. Well, damn. OK, that's cool. That's a that's a big bet. You're going to build, invest
and do all of this on a hope and a dream
rather than saying yo i know for sure someone wants this let me figure out how to make it better
refine it i'm gonna post something up to the top and we can kind of transition out and into some
new stuff so first and foremost uh if any of you guys are collectors of Patrick's work, Patrick Amidon's,
there will be a, I don't know if it's an open edition or a free art claim, right?
It says, Snapshot's been taken.
101's, doppelgangers, disobedience, veils, origin, bear, impermanence, bear impermanence and impermanence holders can claim the artwork on Tuesday at 9 a.m.
Eastern Time aka LA time for 24 hours so I'd be on the lookout if any of you guys are Patrick
Amidon holders I mean probably a few and far in between but uh Patrick's the homie and uh he's
even shared with us just a little bit of his
journey here with tda so y'all be on the lookout for that i'm pretty sure that piece depending on
how many minted or just in general will have some type of value just because of who patrick is and
his his kind of goal of legacy in the space so yeah did you see yeah go ahead go ahead you know um i'm a patrick holder i actually holds
most of those collections that he listed so i'm excited for that um i have to figure out what to
do with regards to a lot of them being on different cold storage and he said he did a snapshot but
we'll figure that out the other thing is that and they're across all different chains too yeah but all of those
are evm that he listed so yeah disobedience has like a handful on bitcoin i don't know how he's
going to deal with that and it was some other chain too wasn't it like uh four chains that
did disobedience yeah but those were all evm oh okay you okay, you're right, you're right. Arbitrum, Bass, and ETH. Arbitrum, Bass, and ETH are all EVM addresses.
So this edition is limited to probably way under,
I'd say a high estimate is 1,000 pieces.
I'd say it'd be way under that,
considering that a lot of people probably have multiple in the same wallet,
are not on Twitter and will miss it, etc.
So I'd say probably less than 400 pieces will be minted out of this.
But we'll see.
I think it'll be a cool piece, and Patrick always brings the heat,
so I'm excited for it.
He's a goat. I love that dude.
Is IRL Alpha still play on Thursdays, dude?
He used to always be on there fucking giving grief to everybody.
I haven't seen IRL Alpha in a minute, but it's possible that they're still doing it.
Yeah, I think they took a break because Began and Boo started their AI business,
like an actual company and entrepreneurship together.
And so I think that started kind of taking a little bit of a dominance.
It was actually making money, bro, because that's the thing bro vegan's a goat in the sense of if
you guys didn't know that was all for the free and on his dime for years right he barely started
getting sponsorship i think like a couple years ago and even then that lasted maybe a year or so
but it was on his dime for literal years of just curating and creating a space where people
can come hang out and talk web3 in person you were even on that show yeah dude it was that was where
kind of like a lot of the uh i mean if you're in cali right and you wanted a in-person community
that was where you'd want to go right and on top of that like if you were interested in the
the cool guys or anything like that right that's where the vape cabal would swing by,
and the KOLs would make their trips too.
So it did more service as a spot and a hangout for literally everyone in Web3.
And then if you chose to make more of it, you did.
If not, it is what it is.
Yeah.
We've been talking about the Sui play, and i saw frisk even do a video on
it yesterday i found a thread here basically confirming a few airdrops that are going to be
on there so the website you can already see confirm uh rewards from suey communities um
they've already had a few airdrops from pebble aftermath scallop hippo lo-fi fud samurai showdown
and pangster dogs i've heard that these airdrops have been dust.
But in this thread, there have been confirmed rewards from Bluefin app,
which is, I think, one of the biggest order books on Sui.
And Cytus Protocol, which is the top decks, have confirmed rewards.
And then Walrus Protocol and Deep Book are backed from the same team,
so holders might get airdrops of that. And Frisk basically, I think, is working with the Walrus protocol and deep book are backed from the same team. So holders might get airdrops to that.
And first,
basically I think it's working with the Walrus team and kind of hinted at
please Walrus token.
So I think there might be a Walrus airdrop for suey holders.
And I don't know.
The first few airdrops have been dust.
The suey plays like $599.
I think Sidus,
Bluefin, Walrus. I mean, so look real quick before you keep going that's the same or roughly i mean it's barely a little bit more expensive than a
brand new switch to assuming you you were able to get your hands on on the switch to right and
no scalper shit like what would you pick i mean would you bet on nintendo and let's just call it cult classics
nostalgia etc right now let's not go into money of like how much the games cost etc because even
if you bought a game you'd still be at under the price of a of a sweet play right so still cost
isn't the the metric would you do something new and risk it and do you think you could entice children to risk something
new or would that how would that battle be to hey don't get the the nintendo switch look at this
sweet and you know i don't know i can just see a kid like i don't want no fucking sweet play
you know whatever the hell and this and that and it's like how are the salonophones being used right
now they're not they aren't that's what I'm saying
It's probably only people try to farm an airdrop and then throw it in the trash
No, no, and that's literally why I'm bringing up the fact that they're they're close and in price points and just the difference in marketing
Right one is going towards fun and nostalgia and hey children are the ones that play games
They're not really interested in earning a dollar to like, yeah, they want money.
No kid wants to fucking work.
He wants the free money.
So it's just when you put them both against each other, who is your target demographic
for the sweet play?
Oh, well, it's I want gamers and I want this and that.
And it's like, well, in reality, do you want that or do you want someone who worries about
airdrops or can make some money or anything like that?
Right?
Because I think that that's who you're ultimately competing with when you do this kind of stuff.
Is sweet.
I mean, it's Nintendo.
It's PlayStation.
It's Xbox.
So I just thought when you said price point and, you know, roughly at the same time, you know, I don't know if it is coming out at the same time.
But just market at the same time, the dynamic. do you convince a chill a child to choose one over
the other or or how that works you know you know you're not being you're not going to be able to
this is obviously for us and then we get mad and then you get mad and then people bitch it's like
well there's nothing but speculators well motherfucker you advertise with nothing but
shit for speculators.
You know, like, I don't know what else you want.
I think with the phone and different between like a Steam deck is everybody has a phone.
Not everybody has the Steam deck.
So I think maybe you'll have more fun with your first Steam deck than just having a replica of a phone you already have.
I think with this of just a price point of $599 with the four main tokens right there. Obviously, when you pre-order this, no one knows when this
is coming, probably 2026, but you're going to get a soulbound NFT similar to you got with the phone.
And those airdrops are going to be sourced to that soulbound NFT. So I'm thinking that
pre-ordering this, they're going to do their best to reward the people that believe in them to give them the return on their investment before they get their device.
So it's like a no-brainer.
You've already got your return on your investment on airdrops, and now you're just like bullposting this thing when it's launched.
So I do think they're actively going to reward people that pre-order this and get faith with them.
And obviously, these four protocols are all involved.
Missing Labs is behind this.
So they're involved with Walrus Protocol and the top protocols on SUI.
I think they have a vested interest to reward these believers with this
and return the investment for the people that do believe before it's sold out.
So I don't know.
I can see this when it does get live,
that you've already got enough airdrops to actually pay for the device.
And then there's really not much left for airdrops after other
than playing like play to earn games and kind of
gaming the system that way. But the
question then also comes into what
is this price point on? Does it
have $500 worth
of hardware into that motherfucker?
And if so, then
are we talking for like are you
can you compete and go
pound for pound with a Nintendo switch to or a steam deck?
You know what? I'm saying like that's the thing to do that when you go into and you talk to quote-unquote gamers
These are just regular questions. I don't care to give you 600 bucks. Is the hardware worth 600 bucks?
Yeah, it is okay. So it beats this hardware right here. That's worth 400 bucks or 200 bucks
If it does then yeah, then it makes sense.
I don't know.
Yeah, but how much were people paying for those dumb vape to earn?
Wasn't it also around like 500 bucks?
Yeah.
And didn't that company fold like two weeks ago or get acquired or something?
No, they just decided to go web two.
They realized that this whole token bullshit didn't make sense.
And if like, I mean, literally their, their prime example is this, they're trying to offer more vapes to people
and us all web 3 motherfuckers are like, no, more vapes is less token for us. And you can't grow as
a company. You need me. I need to grow from you first, you know? So it's like, we are the ones
that kind of hold and pigeonhole them in. And yeah're right this tech isn't worth $600 it's not a $600 vape I mean it's probably
like a $50 $60 vape it's a nice vape you know I mean don't get me wrong but it's
probably a $20 vape no it's inside a little screen you know it's wrong but
to manufacture something it's not yeah yeah it's cheap that's why I'm trying to
give them a little credit in terms of hardware a little screen Ellie Bluetooth all this extra jazz and bullshit, right?
Which you can probably get the nicest vape by your smoke store in China and cash out like $30 and get one with all of that
But anyways, it's a decent vape, but ideally it's that it's like is the token itself gonna be worth it?
Are they gonna raise enough money to be worth the squeeze in the juice but dude this vapes's going to sit here it's just sitting here it's been a paperweight for the last three months
and that's essentially if if money is the only let's just say underlying use then what's the
point of the vape what's the point of the game i just got to sit here and let it just acquire money
you know that's my whole thing it's considering when you go into gaming, nerds all have transitioned to PCs because money spent on hardware is no longer worth it for hardware.
It's not even about the game for us in Web3.
All these products are.
It's like, yes, it has the shiny.
Oh, this is the new hot thing.
All it is is a speculation device for us to see if we get our return on investment.
So, yes yes it's
scheduled as this play to earn fucking video game for a butt off in web 3 we're sitting here
doing the calculation this is 599 with these protocols backing this do you think we're gonna
return an investment for the product yeah that's what i'm saying like it's shit what do you think
and we just got to be honest with that's what it is you know like because i when you say oh it's
for gamers cool well can you compete with other shit in that market no i can't okay well then don't say it's for gamers bro just say you're
dropping a new way to speculate that's fun that's it or whatever the you know we need we should be
no the businesses businesses are gonna do what they're gonna do they're gonna you know sugar
coat everything but us we die we digest it and we basically come to the conclusion
the only way i'm buying this is if i can get an airdrop that's more,
more than this costs. And if it isn't, then I'm not going to buy it.
And so what do you think chief?
Do you think by the time this launches in 2026 with these protocols involved,
do you think you'll get more airdrops by the time it releases $599 than it's
worth?
Probably since it's the first. Yeah.
And so I think anything after this like anything after is
gonna be hard it's it's gonna follow the solano phone bro first phone was good and banger and now
me and you got the solano 2 phone then don't get shit so it's like yeah probably well the first
one since this is the first gaming system i don't think that the bit boy got that that famous, right? I mean it it made its rounds
But I don't think it really broke
Uh, like through or had product market fit like that neither did the little solana gameboy bullshit
So hopefully this one does and actually, you know b is the one that people reference becomes the solana phone of the gaming devices
But we've yet to see that happen
Right. We've literally seen a couple
try and none of it has caught mass mass wind or have had like you said enough airdrops to cover
the supply yeah that's a good point i mean with the facebook team behind it maybe they can build
some cool games on it and get people to play it i doubt it yeah 100 that's the thing it's like
that is only attacking it from one vector though Just add on the shit that the market you're actually marketing to.
Make it fun.
Make it a game.
You know what I'm saying?
And then you start adding other layers of enticement for people.
And it's like, well, yeah, it is for speculators, but it's also a fun game.
Okay.
Oh, it is for speculators, but it's also, you know, XYZ.
And it's like you have to open that market up or else you're going to have the same problem that you're bitching about.
Everybody just plays themselves.
Yeah, I guess you need a combination of both speculation and fun games at the same time.
And that looks a little bit abstracts trying to do.
We told you about the Flash Captains and Company badge that you could do.
The guy was playing the game and he basically dissected how many points you were able to XP
you're supposed to, you accumulated.
So point of view, you just joined Captain and Company,
Gaze, steal, loot, extract, and get 3K MXP per crew member
in less than two minutes.
So it definitely seems like Luke is very aware
of the gaming aspect behind the XP,
and when everybody starts figuring something out, they change it.
And you really need to be paying attention to what they're marketing that week.
And it looked like you're getting a crazy amount of XP by just playing this Captain's and Co game.
Which, man, 2k points.
I think I got 1k points for live streaming all last week.
So getting 2k or 3k in two minutes was kind of a crazy dividend there.
But that's kind of like co-branding, right?
And, I mean, it makes the most sense.
It's ultimately not something that can probably be scalable at, let's just say, a large scale.
But, I mean, they're not at a large scale yet, right?
It's a lot of hand-holding.
It's a lot of coddling.
It's a lot of making you feel. It's a lot of coddling. It's a lot of making you feel special and thank you for choosing us. And so it only makes sense for
abstract to not only highlight, right, but make this seem like it's a strategic partnership,
right? They both have mutual vested interest in this doing well. So why would they not highlight projects, programs, and stuff?
You know, I mean, it's kind of like what we saw,
that carousel of look what there is to do on Blast.
Look at what there's to do on Abstract.
But the fact that they cycle in this week's favorite
or funnel activity towards supporting other projects in the ecosystem,
I mean, it's something that you can do now.
You're not going to be able to do in a year from now, right?
But it's what is needed in order to set up the foundation.
Yeah, I think it's a good...
It's interesting.
I don't know, like I said, all this is...
A lot of people hate that, though,
because it means that you have to be tuned in, right?
You can't passively farm.
If you're, let's just say, a live streamer
who makes money off of X,
if something else is incentivized this week, then that's potentially going to fuck with your cash flow. So it does limit the content creator as well, right?
Because it has to be a content creator that understands that this is an evolving kind of streaming experience and not so much as a passive or stationary one.
They're definitely building community over there.
And community is very flimsy in this space.
Community isn't built on words.
It's built on people.
And there's a lot of people over there
based off this incentive of this XP and this airdrop.
So I think we're really going to understand
where Abstract is, is after the airdrop
and see if those community members are sticky
and their products are sticky.
Right now, we really don't know.
We've seen this over and over again with this incentive farming blast
and all these blast creators.
It's the next best thing.
And then once the gold comes out in the airdrop,
everybody dissipates and you never see gin from blast ever again.
So the real, the real, real, real story
and the real, real story is going to be after the TGE
if they can continue to gain user share and mind share
and create sticky apps that people want to play.
And like these badges are what everybody's trying to get.
The gotcha game, which is fun, the one I play a bunch,
they have like a secret badge that people found out.
If you scratch over 500 of these gotcha cards,
you can now claim the gotcha goat badge
in the reward section of the abstract chain.
If you have not scratched 500 cards, no worries.
It's an ongoing game.
To make things easier,
gotcha game now autoes multiple cards for you,
so no need to bulk scratch your way to 500.
So if you do want to get the Gacha Game badge, you need 500.
I heard Greeny talk about how it's pretty, like, you're not going to lose any money.
While you scratch these, you make ETH and rewards and XP on top of it,
so it's kind of like just scratch 500 of them,
and you pretty much
like break even on it. And then you get the badge, which will probably accumulate to some kind of
airdrop in the future. So that's one that I saw. And then a lot of cliff farming is going on over
there. And this dope D2 guy is basically the main guy that's doing all the cliff farming and making
it. So he's created 75 plus clips. He's gained 500 plus followers and he's earned $2,000.
And just by clipping and using this new WAP bot,
like content creator program that everybody's using.
So I've been talking about it.
They're kind of rewarding clippers on streams over there.
If you guys are someone that clips or, and does that,
there's definitely different opportunity over there.
So just wanted to bring that out.
Doko's kind of the leading person over there.
And then Shiv launched, this is the last thing on it.
So Shiv basically announced some new features on Abstract.
So tipping over $50 requires
ask user before it goes ahead.
So if you're tipping $55 to a streamer,
it's going to ask you as a prompt if you want to do it.
Profiles will show when the streamer goes live.
I think that's huge for discoverability.
Team members are now gold verified for your safety.
Streamers, streams with pin apps will be prioritized.
You can now tip in Pingu, Newt, USDC, and ETH for options.
The trending token section on Abstract Portal is now discoverable on DexScreener.
Omnisearch went live on abstract
portal you can now search apps tokens and users another week another set of updates i've said
before imagine abstract six months from now so that's just some updates from shiv on everything
that kind of went forward um feature wise on abstract yesterday so abstract's definitely
getting some tension i like the shitters are apparently cooking yeah it's all that too i
mean i've seen a lot of people talking uh changu um i don't know alabaster or some like that
i don't know what they're called i don't know they got abster or something they got a couple
of shitters if you're into shitters bro go to abstract it's probably less convoluted but
apparently the soul trenches are cooking too not not as
heavy and as hard as before but this is what shitting shit coining was right a group of people
and you buying memes and shit because it was funny not because it was just being
were pumping and dumping that yeah it's like a it's like slow cooks right you have house coin
which is kind of like a spx 6900 kind of thing whether you're trying to get house coin to a
price of a house uh you have tit coin which is just a replica fart coin you have figure yeah
that was that's a slow cook obviously you saw those like three days ago and now it's at the
three million dollars uh there's a bunch of there's been a bunch of little ones bro yeah
no i've been watching them like slow i mean mean, I keep track of this shit. I just, I enjoy like, you know, eating peanuts and throwing it at them.
But yeah, bro, groceries, vibe, Austin, because the dude got stabbed yesterday.
You know, shit like that.
But anyway.
When Trump card went to like 6 million last night after he showed it on the plane, the Trump card,
and then someone ran with the own trump gold card uh token it was like in 30 minutes it got up to like six million dollars or maybe it
was like an hour or two got up to six million dollars which is crazy usually don't see them
pump that hard anymore so definitely some uh some winners in the market i definitely think there's
some just like burning the brush out and you know now believing in something seems to be the trend like hold these tokens for longer
Don't take profit
So we're kind of switching from taking profit to like believe in something again, which is nice, I guess so cooks
You got anything else chief?
Yeah, that happens when people are accumulating
Pinned up to the top. I don't know if anybody saw this
I mean, I'm not saying there's some I'm gonna let you say it's something
It is a lot
harder to find the runes tab now not saying that i've been to that tab in i would say a couple
months uh we've we had a good amical breakup but it's a lot lot harder if you go to magikeen.com
runes is not isolated runes is not easy to find. Shit. Runes will probably vanish in the background,
and you won't even know this protocol came and existed going this route. Apparently,
they're working on it, and they said that they have big plans. But pinned up top, the runes tab
is actually gone. So for those of you guys that were interested, still have bags, ultimately,
you don't need Magic Eden to trade them, right right you can trade and swap inside the wallets themselves with uh newfound liquidity
pools that people set up etc uh there's ultimately other avenues as well odin you know to kind of
remove or offboard your runes but just interesting right that this was one of the bigger
uh things that they showcase was all the ordinal
ecosystem it's kind of what saved them in quote unquote the magic in bear uh and ordinals were
front and center every kind of asset of it right and so now you only have you can find it still in
the trade section right i don't want anybody to be scared you can click trade it It says NFTs, tokens, runes, and rare sats, right?
So anyway, just thought that that was interesting.
But to couple that, they have sunsetted support on BRC20 and let's just say smaller padding
inscriptions, right?
So one of the beauties or something that people sold me back in the day
about ordinals was, hey, man, no matter what, you know, if you draw on a dollar, it's still worth a
dollar. All right, cool. Yeah, you're right. It is still worth a dollar. And ideally, these sats and
all these ordinals are worth Bitcoin, right? They're written on Bitcoin. It's a little bit
more than just one single individual Satoshi.
They pat it, right?
They put extra sats, in a sense, kind of like on both sides to fill the envelope.
And that's how it can be read and officiated because it needs to hit a certain threshold.
So for anyone that has a bunch of junk old BRC inscriptions. Junk old inscriptions in general, right?
Let's just say shit that you don't care about, shit that never got indexed.
You can go and utilize this tool that's pinned up top.
Once again, LIFO doesn't fucking stop, right?
I think he's shipped four tools in the last two weeks, bro.
So, I mean, this is the definition of a real fucking builder.
Anyway, looks like Magic Eden is no longer accepting slash recognizing
BRC20 dust inscriptions
like mints and invalid transfers.
The Wizards of Aord
transaction builder
now makes it easier to consolidate
all these UTXOs
and reclaim those SATs.
He posted the link for it, right?
These inscriptions will appear under their own category
called Unrecognized on Magic Eden, Possible BRC20 Trash, right?
Ultimately, one of the biggest issues with that fungible token protocol
was that you had to inscribe transfer transfer and then you'd end up with these
empty inscriptions and envelopes, et cetera. And those are just quote unquote cents that you're
packing away in each one of these, right? It says just click add all. The transaction builder will
consolidate them into your payment address as the output. And just always double check the inscriptions to avoid spending valid BRC20
inscriptions and other BRC inscriptions, valuable ones. So with this being said, yes, you can do
BRC20s if you have a lot of them. But for any of you, like I said, if y'all have extra,
just non-index or just BS, you can go get some money back, right? You don't, this is, I would suggest this way
rather than sending it to an exchange.
I know some people that just send it to an exchange
and, oh, it'll be worth whatever the sap value is.
To a certain extent, yes, but you can consolidate, split,
and strip down extra padding first
and then go through the exchange route.
So just adding this on as a tool,
kind of in tandem with Magic Eden,
sun setting,
or making it harder to find specific things.
If you're stuck with a lot of those things
and bag holding the trash,
there's a way that you can recycle
a little bit of that.
Feel that.
Jerome Powell just spoke,
and people just basically did the transcript of what happened
there so I figured I'd just break it down since it just happened and probably listened to us so
transcript of Powell's ongoing speech with a Q&A highlight so Powell Trump's tariffs bigger than
expected risk risking higher inflation Powell the impact of tariffs on the economy may be greater
than expected Powell tariffs likely to raise inflation in coming quarters.
More persistent effects than possible.
Powell, tariffs are higher than almost all forecasted predictions, but still don't know where it will come to rest.
Powell, uncertainty is high.
Powell, Fed does not have a probability forecast of recession, but outside forecasts have raised that probability.
Powell, a year from now, uncertainty should be much lower as impact of Trump's policies become
clearer. Powell, a good time to take a step back and let things clarify. Too soon to say what
monetary policy's response will be. Powell, we'll wait for greater clarity. Powell, we should stick
to our knitting. Powell, we have time. Powell, it feels like the Fed does not need to be in a hurry.
it's been hawkish. Not a lot of certainty. Not a lot of clarity.
Taking time.
I mean, is that until May?
He knows he's having his hand
forced. And that's the thing about it.
It's like, he either gives in
and just says, yo,
they're pushing. I'm going to figure it out. Or yo, like, you know, they're pushing.
I'm going to figure it out.
Or you just pretend like you don't feel them pushing.
And you're like, oh, I don't know.
I don't know.
It's all under control over here.
You know, so I don't know.
I think he can feel it.
And he just doesn't want to cave.
He doesn't want to give in.
He doesn't want to feel like he can be bullied.
That's the thing about it, too. Like, if this is, quote unquotequote a bullying tactic if this works once it's a wrap right bully is just gonna keep knocking on your door every and then
we're the ones that are affected so it's ultimately not a good thing to be in this fight with them
and and have that be like a normal dynamic between the two you know and especially on going into the weekend so i think with those words uh us going down
and breaking adk like i say by monday we're in the seven we're like 77s dude based off that
fucking rhetoric to be completely honest so not great that's not that's not what we wanted to
hear and that motherfucker ain't getting back on stage until fucking may so hope that's enough
time for him to start cutting rates they've been pricing in four to five uh rate cuts so hopefully the first one's in may and we can
kind of buy in may say which is crazy because last year we were priced zero like zero were expected
you know yeah we're not great it's not great. Three months it changed so quick. Because that's the thing too.
Dollar goes down.
I mean, I just suggest people learn a little bit more deeper on economics.
But yeah, the dollar goes down.
Yeah, Bitcoin goes up.
Yes, but like Jerome Powell just said, inflation goes up.
Because they're trying to combat the fact that the dollar is buying less.
And then you feel it more.
And the dollar is worth less.
So you feel it twice. So yeah, it less so you feel it twice so yeah it's just
temporary pain i mean it's unfortunate no one wants to be in pain and obviously people feel it
differently uh so survive that's the only thing and that's all this is about now is just surviving
and if you have to pass on and yo i'm not gonna mint this or i'm not gonna do this then you pass i'm trying to be here
tomorrow and you know whatever it may be so i don't know i wouldn't be very weary of doing
something and what everybody's doing and we got into this right before we fucking capitulated
everybody was in meme coins because that's the only place you could make money and the market
realized that and rents us all because we were sitting in the musical chairs. Now, the only way you can really make money is leverage trading. So you see it with
the volatility. So like longing and shorting, like if the market's going down, what do you
think people are going to be doing? They're going to be leverage trading. They're going to be
shorting. You guys are going to get so fucking wrecked by leverage trading if you have never
done it before. So just be wary.
It's very risky. Yes, you're going to see people with the P&Ls on hyperliquid. Oh,
I just shorted this and now I'm making this. But if you have no experience doing it,
do not get in. You're going to lose all your fucking money, dude. So I know it's really hard
to sit on your hands and stable up and you want to go short because the market's dumping. But
just beware. If you're
putting high leverage shorts and you're trying to make it all in one thing with 10 to 15, you're
going to get wrecked. If you are going to short and you're going to do it, if you're a beginner,
don't go over like 3X, guys. Just be safe. Do 2 to 3X and just make it a thing you want to do for
a day or two. Don't sit on these shorts longer than like three days. Like you want to be, if you're in a short position, you see something in a short term and
you want to be in and out maybe six to 12 hours. The longer you hold this, the longer you're going
to lose money and you're going to get whipped out. And all these people know that you're new
and it's on the order book. They can see how much volume you traded and they're going to get you
out of there. They're going to wick your ass out because they don't believe you deserve it. So just know that your positions aren't safe.
And if you are going to leverage shade, don't have your positions open more than 24 hours would be
my suggestion. And keep it under 3X. Get an asset or a group of people that can help you in that.
I mean, I had to learn that a long time ago. I don't really utilize leverage labs the way that
I need to be, right? I'm more of like a fly on the wall and I'm learning that way. But I mean, that's still one extra resource, me, and I chose to use Leverage
Labs, right? That I can empower myself with this. I mean, if you don't have any resources,
I guarantee you, you'll lose more money trying this alone than you will investing in resources and then going that way, right?
So just think about it in that sense. And the resource doesn't go away. You get access to
these groups, these quote unquote signals, these teachers, these pros. And I mean, that doesn't
vanish the same way that your trade can, right? You either make the trade or you lose the trade
and it's over. The asset still remains there and can feed you again tomorrow
and can feed you the day after and the day after and the day after.
So I just chose to skip a trade and then bought into-
You're investing in yourself.
Yeah, you have to.
I did that probably like six months ago.
And like I said, it was probably a lot better.
And I would have lost the same 180 bucks on leverage regardless whether I bought the asset or not. At least I have the asset with me now,
you know? So that's just kind of how I see it. Yeah. These groups are just like investing in
yourself, having people around you. Uh, yes. You know, like they're a hundred, maybe 130 bucks,
maybe 50 to 70 bucks, but those 50 and 60, 70 bucks, you'll probably make in a month by just
hanging around these people.
So it's like an investment in yourself that pays it off the more they use it.
You just won't lose it.
Yeah, invest in yourself.
It's not an NFT you're trying to flip.
It's just an investment in yourself.
Go ahead, Chief.
Yeah, no, I was just going to say, pinned up top, I mean, we'll never get to this level.
But if we do, we're doing it all right.
Lazarus Group came on chain to show you guys that they are more than just hackers.
They trade. So Lazarus Group selling 40 WBTC today for a profit of or for total of 3.5 million.
And they had originally purchased this BTC in 2023. The sale brought in $2.5 million in profit, and they've since split that into
1,857 ETH and distributed it across all of their wallets. So just proving that being around and
that they can do other shit besides just hack you. And then lastly, two things for me.
One, as the blood was here,
and we always ask, is retail there or are they not?
We did have the worst week in the stock market,
I think since 08.
And S&P is the worst single day down ever.
But $4.7 billion in stocks were purchased yesterday from retail investors, marking the most in a decade. So someone thinks that the blood is worth bidding, right? Even if it's not the actual
companies themselves, whatever it is, you know, you can see the little guy trying to change his
life and get involved with some
things so i'm not sure if this is going to play out good for the little guy ultimately there could
be a lot more pain and these companies can uh what what i don't know the saying can can be
bearish longer than the little guy can probably be bullish which is unfortunate but hey they're
still out here they're bidding and they're trying to change it up so i thought that was an interesting metric and then lastly i saw that i think this is um this is the
route that we're all going right we talk about ai we talk about projects i mean whether or not you
are a ai project or not you will have a crossover with ai to a certain extent uh and boom this is
ultimately they're not the first ones, right? I
know that other projects, bear marketers and a couple other ones have models that are dedicated
to their artwork and their characters. So you can kind of prompt anything in that universe and tap
in. But if you don't have one, one will be made for you, and it'll be added. And I think this
will be kind of a quote unquote, like a standard, right? The NPC that teaches you everything about the game.
Well, that's going to be a part of every community, every project, every protocol.
There'll be some AI nerd like the Bobu, the bean farmer, right? For Azuki. They were in a sense
ahead of their time creating that a little help desk NPC. And now you pair that with AI and boom.
So Teddy's are doing the same thing, but it is for more memes. So they have implemented a full
blown kind of AI meme generator inside Telegram. You can go inside and just do whatever you'd like,
create memes, create new ones, et cetera. It's well versed and trained on everything,
quote unquote, Teddy. And then they haveversed and trained on everything quote-unquote Teddy.
And then they have a competition going on for an
asset for the best me.
Interesting. It's dope.
And after we talk about these last
topics, we're just going to end the show. It's a light show.
It's Friday, so we're just going to end it
a little bit early. Just a few things
to round out the week is that Ethereum
developed a little bit early just a few things to round out the week is that ethereum developed go ahead my bad my finger slipped
sorry dude i i forgot i'm not co i'm not co-hosting so you can't mute it i don't think
emla is going to talk over me so i no no no you're good it was my natural flow and then it just stuck my bad that's all good um so ethereum developers
have postponed the petra upgrade to may 7th um which i think it was supposed to come out sometime
this month i think this with this upgrade has a lot to do with like gasless swaps and stuff so
that won't be implemented that was delayed um been talking about petroleum land. They upped the ante and now there's a new level to
the Ponzi. So it's starting to get to the point where this is going to become pretty Ponzi'd out
after this one. If you went to the main land page, you could see there's like a shipment area that's
disabled. There's a city area that's disabled. The bank was enabled where you could deposit.
Your lands was enabled. The refinery is able to have a little plane
landing strip, which probably something with the airdrop. But
the disabled city area was enabled and it's called Central
Business District. You can invest your oil and petroleum CBD
and earn in lifetime shares of our protocol in Wrapsonic. There's
only 1000 lands available, but 5000 players, spots really limited. So the
CBD allows you to take part in the growth of Petroleum City. The share with other owners are
part of the project's rev share. Today we launched phase one and you can acquire one of the thousand
lands. Owners in the land, owner's land and the CBD will let you grow the estate. You have standard
estate, which is a life rev share from the project. You have standard estate, which is a life rev share
from the project. You have prime estate, which is 15 rev share bonus on burned oil. And a grand
estate is a 30% bonus. The bigger estates, the bigger reward rewards, all oil from the island
sales are burned. And you can find all the info at the feature. They had it, they sold out. And
this morning they burnt over $200,000 worth of the token,
or maybe it's 200,000 of the token.
I'm not sure if it's the dollar amount or the amount of the tokens,
but definitely creating a deflationary mechanism with their token
and a game that I'm farming just to get those Petrogems
so I can get the Sonic airdrop.
So they added a new element to this.
Now they're adding more lands.
I don't know what else they're going to enable,
but once you start getting to these phases, it's starting to get to the kind of the top here. So
if you are invested, I would maybe say you maybe have two to three weeks to farm as much as you can
until they maybe need to launch a new Ponzi part to kind of make oil more deflationary, which I'm
pretty sure they have another card up their sleeve. But I'm saying maybe this game maybe has a month
longer to go if you are farming it. Make sure
that you get your investments out and you're just riding on
free money would be my
suggestion. And we've
been talking about Ape's Win, which is backed by
Daniel Sesta, which is kind of like a new way
to vote on tokens. They have different
phases.
The first phase is you get these crates and you
get these bananas. You vote it. If it's a top three,
the top three that you voted on, if they reach the top three, you get a percentage of the airdrop.
Then it migrates to an underlying token, which is their token called coin.
And then the next phase, once it graduates out of the coin, is to be paired with Sonic.
Well, yesterday they had their first coin mean graduate to the s liquidity which is
the third phase and it's called uh maggie bevazon so they had their first token migrate out of their
little you know i guess their little controlled area and now it's paired with s it's called meggy
um 50 000 s will be added to the liquidity pool And this is kind of a new dynamic that they're doing
with Sonic. So saw that was interesting. We talked about it last week, they actually had
their first one graduated yesterday. And it looks like pump.fun is enabling their streaming feature
again. So I don't know if that's good or bad. Maybe revive the trends a little bit more to get
people live streaming, you know, killing themselves again. I don't know. But yeah,
they just announced that yes,
earlier today,
about 35 minutes ago,
Elon basically said this is going to be available for like 5% of 5% users,
industry standard moderating systems in place to transparent guidelines.
So I don't think you'll be able to go and bring guns on there without getting
like your stream taken down.
So that's all I got.
You know,
it's been kind of a rocky week,
not a lot of, you know,
bullish stuff to talk about. So I hope you guys appreciate us coming up here for the past four
days and doing our best to give you guys, at least try to give you an edge on the market or
just keep you guys informed on what's going on. So we appreciate all the support and we'll be back
on Tuesday. The space is not going to be here tomorrow. So we'll see you back on Tuesday. I'll leave it here for Chief to end it. You guys have a great year tomorrow So we'll see you back on Tuesday
I'll leave it here for Chief to end it
You guys have a great sure weekend
And I'll see you back on the spaces on Tuesday
T-Day or Stay Poor
Yeah, I appreciate everybody that came out
Everybody that's riding it out
You guys be safe
You guys preserve your capital
The point is to be here, right?
No one knows the size of your bag
No one knows what you're going through
So ultimately, it's cool to make friends We talk about that all the time friends we made along the
way don't let those people dictate how you make your money or how you stay and move in this space
right so other than that tuesday through saturday tomorrow we don't have a show so we'll catch you
tuesday at 10 15 it's tda or stay. Be on the lookout for the threat at the end
and you guys have a good week and y'all stay safe guys.
