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⭐️The Saloon⭐️
Recorded: May 9, 2023 Duration: 1:07:18Space Recording
Full Transcription
Yeah, doing well.
Very good, very good.
I guess we should quickly share the space around a little bit.
We're just waiting for a few more people to join us.
We'll get some Mighty Labs jams going while we wait.
Hey.
Hey, what's going on, brother?
Hey, man.
How's everybody?
Can't complain.
Beautiful day here.
Yeah, man.
Same here.
I'm in Atlanta, Georgia, man.
South of Atlanta, right where the airport Hartsfield is.
It's starting to get overcast a little bit, but man, it's been an awesome day so far.
Goodness gracious, it's a lot.
So, yeah, I can't complain either.
Nice.
I was just in Atlanta for the first time, but I was there for like maybe in like three hours or so.
It was just a stopover as I was flying back home from Consensus in Austin.
Oh, yeah.
Oh, yeah.
Yeah, man.
They say they actually they actually say Atlanta Hartsfield is the world's world's busiest airport.
Can you send that again, man?
Sorry about that.
I think I missed it.
Oh, there we go.
Yeah, they say Hartsfield, Atlanta is the world's busiest airport, and I don't think it's the biggest by far, but it's a lot of traffic that's international that goes in and out of Hartsfield on a daily basis, you know?
So, yeah, man.
Cool.
Yeah, no, that's it.
Sorry.
I was just sharing with a few people.
I was on mute.
But, yeah, that's really surprising to me.
But I think it was quite busy when I was there.
But it makes sense, I guess, that everyone going in and out of, I guess, anywhere in the south is probably going through Atlanta before they hit their next destination.
Yeah, man.
Yep.
It's definitely a – one of my kids just tried to call.
of course i think we'll get started um i mean people will slowly roll in over time but how's
everyone doing today doing pretty good thanks man yeah like i do i actually i'd be curious like i i
guess i'm i was just invited to host tonight uh curious like who the other hosts are if you want
to give like a 30 second intro about yourself uh would that be for me i'm sorry is that for me
yeah sure sure okay awesome thanks for um passing me the book i am my name is theron akil um i am a
50 year old dgen at heart i'm a single father of three i actually have four kids my oldest is 19
and he didn't like the regiment so after i got him uh to graduate high school he moved back with
his mom which is fine i have my three adolescent kids two girls and a boy they are the center of
my universe man but i love web three um i love interoperability i love nfts i mean it's just i
love everything about it so i'm very excited especially when we get an opportunity to build
from the ground uh in a bear market or in a bull and because the market is down we're in a bear and
so it gives us even more opportunity to build and actually bring together in real life uh situations
circumstances utilities or what have you together with everybody all over the world so somebody may
be in africa somebody else is in asia uh europe or what have you and we all three all of us can be
on the same page so i'm really excited i'm glad thanks for having me
yeah cool great to be here who's been involved in the whole meme coin bonanza that's been happening
the last week or two i feel like nft world has now become like meme world yeah for real well you got
me you you you know you hit me dead on the target i've been involved i mess around with a few of them
got some early calls nothing like the gentleman who has the um the account that's 27 invested is over
10 million harvested right now nothing like that but you know i've been wow that's crazy he hasn't
sold any of the off yet i don't know man i'm it's whatever it is it's bananas even if he has i i mean
goodness gracious imagine that putting in 27 lunch money and it makes it makes you rich you know in a
week's time so goodness gracious or imagine this this the jared from subway.e guy with this whole thing
the front running the bot man these guys are figuring it out for good and for bad and and
for some odd reason but no man i haven't i haven't had a chance to get rich quick but i've been messing
around with these shit coins but i think for the most part we have to kind of sit back and watch them
because a big majority of those where are we are once the time if you're not in the beginning of it by
the time you get wind of it you are exit liquidity just plain and simple so you got to use your
best judgment you know yeah yeah for sure i've seen so i've heard a lot of people like trying to
get those incredible gains that other people have had and losing like 50 percent of their portfolio
just like keep trying to chase more yeah more coins um yeah i feel like overall it's gonna leave
a lot of people hurt a few big winners from the beginning um but overall yeah it doesn't feel like
it's gonna end up so great for the majority of people definitely gotta be careful um playing
the game but yeah for sure like if you get the right one and you're like 27 into a million or 10
million or whatever it is yeah but and then we gotta we gotta make sure we stay grounded and found it
on the ground and say that one guy is one in like 700 000 you know so you see a few uh success stories
but then you see a bunch of hurt you know people saying man you know i couldn't get out fast enough
the gas was too high gas was 120 and i didn't have it to get out and now my portfolio is liquid i mean
whatever you know it's just it's it's a it's a success story and a horror story at at best but i guess
it's either taking the red pill or the blue pill you know yeah yeah for sure yeah the gas has been
crazy the last few days i've had to make it a few transfers just like regular transfers and each one
is just like yeah it's crazy i guess it's good for the ethereum ecosystem as a whole potentially like
if you're if you're first staking and getting up well i guess if you're just a holder and getting
i guess that ether is getting burnt but yeah uh we definitely need to get mass adoption we gotta
sort out these problems around like like i don't know 20 transfers and like a lot of stuff costing
like 50 plus which is really insane to think just to make some sort of simple transaction that's how
much it costs and then yeah i think we're gonna get mass adoption that way 100 man i've been playing
around with these meme coins a little bit myself and a couple of them i just like you know i put a
little bit here a little bit there wasn't huge amounts um and once they went up a bit i went to
cash out right to make you know what little bag that i had there but yeah the gas fees basically just
like erased whatever whatever profit i had on each play so it's a little ridiculous right now same here
yeah well you're doing your part for the ethereum ecosystem ethereum's going out but what's happening
with bitcoin is also crazy the whole brc20 and the whole ordinal started is mad i haven't been able
to keep up enough but just like yeah really screwing with the bitcoin maxis right now um potentially
doing a bit of harm to the chain like just like huge congestion uh wondering like anyone
here have like strong opinions about that like either way like either strongly in favor of brc20s and
and and ordinars or strongly against them and think it's ruining the bitcoin chain right now
yeah uh i'd love to take a crack at that um hello hello everyone uh i think that
when we look at right like what is the real need um of like the entirety of web3 it's going to be
mass user adoption right and the more levels of abstraction we can develop and build on top of this
technology to onboard web2 users into web3 or just make web3 a lot more fun interesting easier to engage
with the better and right now bitcoin is still quite a mystery uh it's really difficult to onboard onto
um and you know there are in my opinion better layers to serve our overarching like i guess need or
goal in the space uh eip 4337 is a really interesting upgrade uh for ethereum that enables account
abstraction uh to a degree where you can even enable your users to uh you know create wallets
on the fly and if they were to mint an nft uh you can effectively um pay their transaction costs right
so now users don't need to download a metamask wallet now users don't need to kyc with a centralized
exchange to bring crypto over to do your first transaction right all of that is incredibly uh
expedited through eip 4337 so these are some of the ways in which i look at the space and uh and i look
at different blockchains protocols and i think which ones are going to be the ones that onboard the
masses the next millions of users yeah for sure yeah i agree i i'm also highly bullish on account
abstraction and 4337 um seeing some interesting things happen speaking to a few people recently
and they think it's still a wider way till we sort of really start to see i guess products that are
ready for it like bundlers paymasters everything around that like infrastructure for it to set out
properly but hopefully within the next year or so what i'm wondering as well about like sponsored
transactions that will definitely be interesting i'm just wondering how that plays out in practice
because at the end of the day let's say the situation we have now where let's say the mint is
i i don't know what like mint price is today but like 20ish dollars or so or that binance is like
blocking um people from like sort of moving out of like bitcoin right now because um of out of
binance with their bitcoin because the fees are too high so like if somebody has to go and pay that
like sort of similar to today where binance is paying um if someone has to go and pay those
euth gas costs for like a transfer or um a purchase then like sort of how does that get covered i guess
maybe they would pay with like stripe or credit card or whatever it is but yeah yeah i'm curious like
to sort of see how that really plays out in practice um and then also if someone is like
if you're just paying with a credit card someone else is doing the transaction for you
and then it's like and you happen to have a wallet there but you don't really know about it
so like at that point is like what where's the benefit i guess um of let's say that being
like having the wallet even because you still you know you're just paying with credit card and if we
just wanted to sort of do credit card purchases you could have uh yeah you could have done that for
the last 20 years so i'm i i do think so this stuff is super important and i think it would definitely
like there's a lot of ways account extraction is gonna massively help with adoption but i'm wondering
um like yeah i'm wondering how much it fixes uh especially when it comes to sponsored transactions
and like what what sort of mechanisms we'll see around that because like yeah basically if you don't
own the wallet any more than what what sort of yeah what what's really the point and where are the
benefits there of let's say uh on top of a credit card yeah 100 man it's uh you know the use case
of the transactions and the fees and you know the the practicality of it usability of it the use ease
of use and all of that is definitely something that once we approach that and it gets to where
you know it's it's accepted as widely as the u.s dollar you know all over the world or what have
you then hey man you're talking mass adoption like mitch mentioned you're talking about it's it's over i mean
at that point and if we got brc having the same use case scenarios then it's a crypto world you know
it's we will leave and lose the fractional uh reserve banking system and we'll get over to
decentralization at its finest so yeah man 100 agree with everything you guys just said
yeah that's also i guess that one's a big one in the news right now like i wonder what like is
gonna happen the u.s dollar and just the infinite debt has there does anyone have opinions on that
i'm just like sort of just confused how the u.s keeps racking up such a crazy big debt and like how
that actually plays out like i don't know if anyone knows for sure but like does the u.s just sort of
sort of printing infinite money at some point and then like when we get hyperinflation and then
i don't know i don't even know what happens in that world where sort of the u.s dollar starts to
just go up like yeah it starts to sort of i guess inflate like crazy like which currency even takes
over what what becomes like at like the main coin or the main uh yeah the main sort of uh value
mechanism that we have in the world um or like can this just keep going on forever like that the
the u.s keeps uh building its debt up and up and it just sort of never stops
hey it's a good question there's a lot of experts trying to figure that out right now but
you know it's a little disheartening to watch like all the bricks countries come together and start
pulling away from the u.s dollar and they're like simultaneously buying up gold to have something
to back them right because if you really think about it like what backs the u.s dollar other than
just trust that the u.s is going to like pay their debts in the future um now we're constantly talking
about like this potential default etc like as soon as people around the world lose faith that the u.s
dollar like has the value that we say it does it could quickly decline um so it's a
interesting interesting topic for sure yeah i'm even like i just don't even get i i'm trying
trying to imagine the world where that happens like i don't know let's say you have a million
dollar house today so suddenly like that house becomes worth like five million dollars or ten
million dollars and just like the hundred million dollar house is now worth a billion dollars just
sort of everything's just going crazy and i don't know i'm just like trying to imagine what
what happens in that world and like yeah is it like you said like gold is the thing that sort of
sort of maintains itself like what yeah what sort of becomes like our our base measurement to base
everything else off of when sort of that current base is just like has gone completely out of whack
of what we expect is it like the like i don't know some other currency is it the euro or
what what they use in china the chinese yen um wait no it's japanese yen what what's the chinese
currency i believe it is the yen right
yeah i think it is okay but yeah either way it's just like what even happens in that world
if that even happens or like i don't know i also just wonder how far away it is like we don't know
if it's like five years away 20 years away but it does feel like a ticking time bomb
yeah by the way uh roadhounds just entered the room as well they're gonna join us um tell us a bit
about their projects um they've got something really cool coming up um it's like um i mean they'll
explain it better but they are like sort of an nft with a lot of utility for rock music fans
but they'll join us in a bit oh nice oh nice maybe they're gonna play some tunes right
yeah maybe i see frank down there he's one of the founders he's joined um by the way mitch i'm curious
um would love to hear what you guys are up to at metaverse hq um how are things been going
so over the last last few months with you guys
yeah thanks for asking um yeah just a little bit of background metaverse hq we started two years ago
as uh one of the first nft alpha communities i mean at the time it wasn't uh there weren't any alpha
communities right it was just a group of uh you know dgens that came from different backgrounds all
walks of life that wanted to learn more about nfts and had recently just gotten rugged by nba top
shots so um you know where we've how we started and where we've uh been and how we've been able to
sort of harness uh the powers and and sort of how we understand the space as well right where a lot of
us came in nft native right today um nfts are simply you know they're not just for digital identity
anymore they are integrated into ecosystems uniswap uses them for v3 i mean uh there's so many different
use cases for nfts and uh you know that's what we're particularly excited about um what brought
me into the space was axie infinity zed run some of these really awesome consumer applications that
leveraged web 3 technology right nfts crypto etc and um you know real apps real products that you
can feel and so our focus is or primarily my focus as ceo is to uh find these products a lot of them
have been building a lot of builders have uh deployed test net or uh on main uh they have
applications mobile apps that are so easy to download uh custodial wallets that uh you know
create account abstraction so that you know uh the next massive wave of users is going to come from
these products and so we're seeing a lot of that today and uh we bring our users to these products
uh and obviously these products all launch tokens so it's advantageous there's a win-win scenario right
there's incentives across the board where you know um a partnership with blur brought us roughly 15
million dollars to you know our early users right we're effectively seeing a similar issue in space
where consumer applications in web 3 need users right there are more builders investors in the space and
there actually are users of these products of these games etc and so um yeah that's the the challenge
for tackling wow that's crazy and i mean that's great to hear how well your community did from
from the blur drop how many holders is that that the 15 million dollars was split split between
uh that's a great question it's split between a thousand or so we were the first um users onboarded so
we were able to you know to track and and and sort of look at the on-chain data and uh uh make a
coupling to how many uh you know tokens we were rewarded but again that's the brilliance of web 3 right
everyone shares uh user builder infrastructure everyone shares in the success of the protocol of the
platform through the native token right arbitram just what airdrop 1.1 billion tokens
to 600 000 addresses uh 125 of them were like really early developers that built platforms on top and so
that's the real magic of web 3 and web 3 is getting a lot easier to interact with in the case of blur
right to participate in you know in being early all you have to do is you know connect your wallet
and trade some nfts but even that's still a really big barrier that assumes that you have
a hot wallet that assumes that you already have some sort of professional intermediate knowledge of
nfts uh to participate and share in the rewards of that network but you know blur is a great use
case there are so many different uh consumer apps that we're seeing now that have native tokens that
are super super easy to engage with and receive those tokens as rewards what are some others that
you're interested in right now that you think are exciting that are coming up or may maybe just
launching the recently yeah great question i'd look at i'd look at two things so karate combat uh is an
interesting one they're a mobile application effectively lets you bet on fighters and earn karate token
and um they just raised an 18 million dollar seed round led by bitcraft who's a pretty og tier one
investor in the space and they are launching their app i believe this friday and their token launches
somewhere around the 18th gate a handful of other tier one tier two crypto exchanges will support it
and uh there's another one uh another awesome company there's a lot of companies that we're seeing
based out of korea i think that they have uh i think asia in particular have a lot of flexibility
to create consumer applications uh backed by tokens uh backed by their native token and uh one in
particular is metatoy city they have uh they had a partnership with magic eden uh for their genesis
nfts and i think you know that sort of discounted the fact that they already have a really cracked
mobile game that's really addicting it plays like maple story if you're familiar with that
and they will be launching their governance token uh sometime soon so again consumer apps they need
users they've got tokens users have no fucking idea that uh all they have to do is download a mobile
app test the product and you know they can effectively uh participate in their job
yeah for sure yeah i saw that karate uh combat that you mentioned and yeah the fundraising it's funny
i didn't realize it was bitcraft that was sort of the main investor i bumped into the guy at
consensus or one of the team members uh really interesting to see how that goes i guess also
for me like a big question about a lot of this stuff is if you look at most token charts like sort of the
they start off okay and then sort of there's a continuous downtrend and there's very few
that ever make it like sort of like but sort of make it back up i'm curious like sort of your
your side um in terms of what you're seeing like in terms of let's say utility of the token or
even let's say sinks or burn mechanisms that that would potentially push token prices up are you
seeing anything good on that end right now or is it mostly i don't know more of the same of what
i think that uh there's a meta that's emerging where you know um companies will acquire other
companies that have platforms products apps maybe websites that have users but haven't yet launched
tokens and the sort of recipe is that you acquisition those companies and then you launch
their token effectively you know providing you liquidity and uh on your investment of that company
and um as long as you get this token listed by buy ants uh you're cooking and um that doesn't
really you know as far as like the model and the meta and how you feel about it that's one thing
but if you look at open campus for instance this is a uh project that we just partnered with this
is animoka's new um baby and we've been working with them very closely but i'm seeing a model emerge
where it's sort of you know um if you have the connections and you have uh and you own the
infrastructure the pipelines to distribute these tokens more often than not those tokens will perform
better than perhaps tokens that back platforms that have more users or real users genuine intentional
etc not to say that open campus isn't genuine or intentional in any way i think they're they're
building something incredible um the meta is going to be very interesting when it comes to uh tokens i
imagine we're going to see a lot more token launches uh uh not even just shit coins but you know
legitimate token launches that actually are governance to products platforms apps that we
may or may not be using today okay cool yeah nice i see tiny tap is part of open campus it's being
tagged um they actually that yeah they're an interesting company they're like sort of a web
two company like sort of in the education space that had like a good amount of like decent revenue
like eight ten million dollars or so and animoka brands went and acquired them and now trying to
sort of put a web three spin on it but um but yeah i i don't know too much about open campus i'm
definitely going to take a look
i see here this thread that has just come up yeah there's a lot of stuff in it there's james high
street world hook protocol sandbox smoke of us i guess all of these are part of open campus
uh no those are all animoka companies uh okay okay cool but yeah i'll take a look after but um by the
way frank if you're there do you uh feel free to like sort of uh request to be a speaker um can i
can i put frank up on stage if i'm or do i need him to request oh there he's requested now
hey frank how's it going
looks like he's still connected
i'm curious how many people here are from or in the mighty dao and how many people are sort of just
like i guess just listening in
mitch are you part of mighty dao as well i am i believe i'm a sheriff
no nice okay quite sure what that means yet but i'm excited
yeah i forgot there's four different tiers right i'm forgetting which tier i'm in
i'm i'm in the uh i'm in the dao as well in mighty lamps and and i'm excited to be here i'm just glad
to be a fly on the wall you know um i think dylan uh reached out to me at one point and i came in
and looked around and snooped around and waited and waited and then i decided hey this is this is
nice you know if it if it's not 100x i'm fine with it but i like the um the principles that
everything is founded on i like the lore you know hint hint you know the lore of the uh uh what's to
come and everything so i'm i'm one here and i'm glad to be a fly on the wall i see callie sue is in
the house i think she's a big mighty labs person as well so we got to give her her flowers regardless
if she can talk or now or just listener and you know just filling in but yeah man i'm excited about
it myself yeah nice hey frank how's it going yeah good i'm sorry i've had some major tech issues for
some reason yeah no problem no so it seems fine um but yeah welcome to the uh i guess to the space
and would love to i i guess give you a minute to intro yourself and what you guys are doing at
roadhounds um sure yeah um my background is uh music promoting particularly within the rock
genre i've been doing that for about 12 years i'm owning my own festival in the uk along with one
of my co-founders um pandemic hit and then uh took some time out to uh to sort of reassess where we
were at one of uh my big uh my big things is all this has been about you know emerging talent new
artists and how they get their music out there and during that pandemic i found out about blockchain
and started to do a bit of research about it um and that's how uh i got into the project that we're
doing now um what we're doing is we're creating a community focused social platform um and it's all
about supporting new and emerging talent within the rock genre um so what we've built uh we've built
our own metaverse rock city where people can hang out chat get exclusive content um interviews performances
um and uh it's accessible on mobile and ipad and laptop so you create your own avatar uh join the world
um and basically we're looking for young artists who are not signed up yet to record labels to share
their music um and allow our community to tell us which artists they like and then we shall invest in
those artists so we'll invest in studio time we'll invest in tour costs we'll help them with kit um
and you know we do that by it's a mix really the business model so it's a mix of investment which is
from the founders themselves um now we're going to do an nft drop and bring in our ogs and we want our ogs
to be our main thrust of our community and be our sort of a and r guys and bring in bands and
support the artists we've got in the world and then we're also going to introduce a subscription
model which will help fund um how we're going to uh invest in the artists in the band um and in
return for the subscription we give the guys exclusive content in world so the metaverse is built
um and we're launching that at welcome to rockville which is a festival in daytona florida
next week um and then we're looking to mint in june and get everything up and running by the end of june
nice yeah really excited about that by the alpha you mentioned you're you're nearby i i'm maybe this
is a mistake but i guess both uh east coast u.s is is atlanta near daytona or within a few hours drive
oh yeah man we're right up the street we uh we can make a day trip get down there rock out i'll bang
my head too you know don't let me don't let me carbon date myself when i start talking naming
ozzy osborne and you know kiss and all these guys but yeah man we're right up the street we're not too
far from you guys yeah nice by the way just uh a bit about roadhounds if anyone was at nftnyc so
if you saw the rh caps that were going around um roadhounds had a booth at the event and uh they
were giving out caps and a lot of people in the city were wearing the the roadhounds caps uh during
that week and they also had like a really good uh side event which i i wasn't actually able to go to
but there's some videos of it but it's like a pretty high quality side event as as far as side events go
frank you you had four of your bands there or what was that side event like
yeah it was great we had it um the night before the uh the conference started um so we took over a
venue in manhattan and we brought a couple of bands in emerging bands from la we'd had them
at a gig just before christmas in the whiskey go-go in la um so we flew them into new york and then put
on a show in new york um and a lot of it was you know we wanted proof of concept as well so we didn't
want to to come and market with you know a road map of promises we wanted to have a metaverse
platform built um and we wanted to be doing gigs and supporting bands so that we had the proof of
concept so that was all part of part of the plan as well as um a couple of bands we've already
invested in in studio time and got albums done so all that content is there ready and waiting for
when we launch but it was a great gig and we had a great conference really enjoyed nft nyc
cool but i'm curious was that did anyone see road hands while they were there i mean i i saw them
i'm curious if anyone else uh was that nft nyc and may have seen their booth yeah i was at nft nyc but
i guess i missed the booth and yeah i'm going over your website like looking through everything that's
coming now seems super exciting so definitely bummed that i missed meeting you and uh and uh checking out
the booth at nft nyc but checking it out now
yeah i'm curious how people feel about sort of the the real world utility like i i guess a lot of
projects try and give real world utility but but road hands specifically i i've seen like they they're
giving like like sort of really a good amount of utility for holders what what is sort of your takes
on it as a whole um i'm curious sort of for others in the room when you sort of mix the sort of dj and
the ones to get in and out and flip the nft within a day or two and then sort of you have the other side
of people that actually sort of want to hold the utility and hold it longer term does anyone have like
thoughts around that mitch uh but like yeah what what are your feelings right now about the market i know
you guys or alpha well certainly you you definitely want to have a bit of djns you got to have some
degenerates um for volume you know so you want the best of both worlds but ultimately you want most of
your unique holders to be people who understand your the plight who you know who want to go along
for the long road and who want to be a part of the project for the project itself so yeah man
yeah i think nfts are still an early primitive right we saw we saw uh like the earliest use case of it
being um yeah in-game representation of tokenized assets uh even pfp culture uh when it comes to the
market itself i mean it's definitely gotten sleepier right the volume has come down significantly uh
since the peak uh bull uh but that being said right we're sort of we're sort of seeing like a
stabilization in the market too and that makes me confident that you know as we see more and more
consolidation towards blue chips right people are going to start when the bull starts to hit people
are going to be more promiscuous with their money and perhaps nfts are an interesting asset class
for them and we're going to see a lot of uh it's similar to how we're seeing shit going sort of
rise and pop right it's it's it's giving me like really early game stop 2020 vibes or yeah 2021 vibes
where uh people are just you know getting a little bit more promiscuous with the money and now investing
in more degen risky asset classes
yeah for sure does metaverse hq still do like sort of the number of like sort of nft collabs that they
used to or sort of it's died down a bit on that end we are now focusing on high quality collabs where
the bull right you might have had a higher hit percentage for a collaboration uh and maybe 50%
of the collapse 60% of the collapse that you do are actually profitable whereas today you know we were
looking at some numbers and we were doing the same volume right same number of collapse but maybe only
five percent of them were actually positive ev and so we're just dialing in on that five percent which
means you know we're obviously doing less collapse but that also means you know we're uh being more
efficient with our time internally and then for our members and you know whoever gets these white
lists uh we're not wasting anyone's time yeah okay interesting i'm also curious in terms of how you see
collabs as a whole because let's say a lot of projects will be looking for those collabs in order to grow
themselves so you sort of have this chicken and egg situation where let's say a team like yours
will be looking for a project to already be good before they jump in what would be your like sort
of advice what are the sort of things you look for so before you say okay this is metaverse hq quality
like we're we're gonna go jump in um basically and we're interested in being involved in the project
yeah i feel like my collabs team would probably be a better fit to answer this question
i know personally that we source uh we used to source as many and we tried to meet as many
teams uh through google meet zoom etc to get a vibe check obviously if there is a lot more demand than
there is supply then that's an ideal collab i think that collabs there's still a place for them right
there is still a need for uh the supply of nfts to to see a distribution uh and effectively go to
market right with the launch of their nft and i've been noticing i mean we've we've been seeing this
for quite some time but magic eden openc fair.xyz manifold uh mint.fun you name it right these are um
you know half of them are marketplaces but now most of them are focused on launch padding
and making uh you know a percentage of the primary and that's value add for everyone right you work
with openc you're launching a 10k collection you get exposure to openc's i don't know 10 million
uh viewers a day i don't know how i forgot what the what the dau looks like but uh there's a clear
value exchange there and i think there's just a consolidation of um you know of uh i guess
marketing services or nft services that these marketplaces can provide so um yeah i think it's
just a streamlined approach as opposed to the the dgen way of creating a twitter account creating a
discord and doing the whole dance
yeah frank how are things with you guys as sort of you as you're you're getting closer and closer
and i guess you've got this big event in daytona um yeah and you you have a vip stand there right
yeah yeah i think they're going pretty good um we've partnered with um uh a big u.s promoter called
danny wimmer presents they've got about six or seven um rock festivals across the u.s um and so
we're in florida for rock welcome to rockville um and what we're doing there is we're sort of
creating as part of the utility um we're creating uh roadhound lounges um so our uh our future nft
holders and community can if they're at the festival they can come and get us a bit of luxury furnishing
some air condition their own bar their own environment um and then we can uh we can
engineer uh meet and greets and stuff like that backstage tools um so the the lounges are all sort
of uh are all um scrimmed up to look like the uh the metaverse world um so it's a really good
environment um and we're at this one we're actually we've invested in our own volumetric capture kit
so partly for me is a user experience if we're asking people to come into this world
we want to give them the best experience we can so when we we put artists on stage um we've got a
volumetric capture kit which will previously scan the artist so we get 360 degree um capture and it's a
holographic standard so when you're in world and you're looking at stage you're actually going to
see the artist not an avatar representation and i think that's important for the user experience so
we're showing all that off at rockville so rockville is going to be quite a party for us
okay interesting it's also like a really cool concept it's sort of is it similar like to the
airport lounge concept where i show up to any of these sort of events around the world and
if i'm holding the roadhounds nft i get to sort of like i get that vip experience and sort of a nice
booth to sit in that's that's yeah that's a good analogy um that's a really good analogy it's similar
to that um and it's you know we've got three tiers of hounds um if you know we've got the band
management we'll get the lead singers and we've got the uh the band members and if you happen to
get a band manager um then uh you know part of the utility is uh we're going to give you uh two flights
six nights hotel accommodation and a couple of vip tickets to one of the festivals that we're at and
that's whether it's u.s or europe um and you're going to get that for five years
um so it's a pretty you know pretty nice piece of utility um and then on top of that we're doing
exclusive gigs for the lead singers there's going to be you know there's a thousand of those so
you know we're going to put gigs on nft nyc and then cuts a couple of other conferences where if
you're a if you're a roadhound then you can come and enjoy the gig for free um so there's lots and
lots of utility um that we're attaching to real life as well as what you get in the metaverse world
yeah nice by the way i i got me i got i get me this sorry how do i say your name
i wonder if he's still here okay it doesn't matter um but yeah alpha i'm like curious like
it's like you mentioned sort of you're into this sort of thing like how would you feel let's say as
a holder of like a sort of a utility pass like this would you take advantage of it and jump to the
the different vip lounges and like i guess take advantage of the different trips they'd offer
he's okay just got the thumbs up there
um nice um and yeah i'm curious like i guess you've got like an overlap between sort of the
rock fan nft world and like are there plans for like trying like while you guys are at rockville
it's like a huge event um are there plans to sort of sort of do an overlap there where people at the
event itself would be able to purchase or um it's going to be more targeted at sort of the web3
crowd uh this nft mint no we are going to do uh the overlap um while we're there we're going to you
know try and uh get people to uh to uh to sign up um to the website and give the details and then
uh get them on the discord um and and give them whitelist um so we are looking at onboarding um one of
the strategies we've got for onboarding the masses is an educational program so we're looking for our
community to you know we're going to bring in a subscription model which is a monthly sort of
uh payment where you get access to the content in the metaverse world but obviously you don't get
the the real world utility that's for nft holders only um but you get access to the to the world and
in that process we're hoping to then convert the masses and educate them about nfts and the blockchain
and show them you know the advantages especially for artists um so our emerging artists can upload
their music um our our community can tell us who they want us to invest in and then we can help those
guys you know establish themselves get them up the ladder um and if the uh the average rock fan is
there then hopefully we can convert him into a web3 aficionado okay cool i'm curious in terms of the
guys you go and invest in or sort of the bands you invest in like is there is there a return expected
at some point or is it just sort of like yeah just sort of sort of i guess like a public good being
able to fund these emerging artists or do you expect it even to one day be profitable for the nft
holders to sort of get value back from them um we don't ask for anything back from the artists um i think
that sort of it goes against where we're at with it um this is purely about you know it's about the
journey you know if you if you if you're part of the journey when you find one of these bands
um and you help them get that first rung in the ladder and you help them get established one of the
problems of the music industry is you've got record labels and publishing houses and they basically tell
you what you can listen to um because they will only pick the minority of artists that they deem
are going to make them money um and there's a lot of artists fall by the wayside and hit brick walls
who are really really talented so this is about us trying to level the playing field really and give
those artists an opportunity so the idea is that you know they get to the next level without having to
get into debt or get into too much problems and and they get themselves established um so from from
that aspect the advantages for the nft holders is all about the utilities being part of the journey
and it's about um myself and my other founders leveraging our um our reputations and and contacts
within the industry to give our nft holders some things that they would probably never get a hold of
you know one of the utilities is to be a roadie for the day roadhounds is a is a colloquialism for
a roadie and we chose that because the roadies are the backbone of the industry without them
whatever you see on stage doesn't happen um and that's why we chose that name so you know you've
got stuff like uh you know the meet and greets the backstage tools all that sort of stuff that we
can leverage wherever we go with our with our partners um that you know you would you're not just
going to go and stand in front of a stage and see someone perform you're going to actually
be part of it feel more part of the rock industry and the music industry as a whole
yeah for sure that yeah that might must be quite a cool experience like just joining a random band
sort of for the day seeing everything that they do and like sort of prepare and yeah i i can imagine
that that that would be quite an experience and not really an experience you could usually buy i guess
yeah it is something that uh not a lot of people get you know you you pay your money you go to a
festival or a gig um and you you watch the performance you have a really good night but
there's a whole industry behind that that makes that happen and so to peek behind the curtain so to
speak it can be quite interesting and then you can you know there'll be occasions where we get to
hang out with the rock star which is going to be pretty cool um we've got lots of little things
planned we're going to do some restaurant takeovers throughout the year for nft holders um you know
and that's going to be with a rock star so you'll you can come have dinner um get the after dinner
speaking from the rock star maybe a performance hear a bit of gossip so there's all these sort of
little events um that you might not normally get access to that we're going to be able to
take you behind the curtain and show you how it all works
yeah yeah sure go ahead alpha so i got a uh a question what is what's your collection size i'm
sorry if i missed it man i got pulled for a second with another call with insurance appraiser
but i'm back now and uh i just was curious when i jumped off to ask to come back when i got a chance
to ask what's your collection size with the roadhouse the collecting size is 5 000
so we've we've got three tiers we've got um five what we're calling golden hounds which are the band
managers um and they obviously get the top tier utility and then we have a thousand um lead singers
which is our our silver tier um and then we've got 3 960 um uh band members which are the standard hounds
so are you thinking about would you would you consider maybe putting along five or six for
a roadie to just come jump along and come jump in the back you know sit in the granny seat in the back
i'm kidding that's excellent bro i'm glad congratulations on that thank you
yeah by the way if anyone else wants to come up and speak if you have any questions uh for frank for
mitch for for anyone that's up here like feel free to to come up and join the conversation
uh ben her are you listening right now it's like happy to invite you up if you're
i invited him up we'll see if he joins um but yeah me and ben her like it's funny we're both in
web 3 but met in sort of like the web 2 community oh he's joining yeah uh for sure um i guess my
question for you frank i'm curious this is my first time jumping in here and learning a little
bit more about mighty labs and what you're doing but with respect to the artist that you guys choose
um how is that governance process ran and um yeah kind of what goes into someone deciding to be one
of those i guess um like roadies um in terms of of the emerging artists um we've got a marketing
campaign um targeting specifically the sort of the bands that are unsigned giving them and we work with
various music colleges as well um so there's a filter process there um but we want our nfts to be
called our og um it's we've come up with the term og and r which is a play on the a and r of the old
days with the record labels where we want to you know if our nft holders have got bands or they know
bands or they know friends and um bring them on bring them into the platform um we have an area
the the metaverse is basically uh our metaverse platform is basically um 13 or so different
types of hub um and each hub is uh can be a different is a different genre of rock music
plus we've got collaboration rooms jam rooms exhibition rooms um so we're going to be encouraging
like rock photographers and all sorts of stuff to come in um but there's one specific area for the
emerging bands um where we have different listening booths so you as an avatar can go
approach the booth click on play and in that booth you'll hear two or three tracks from a band
um and there'll be numerous bands and numerous booths in that room um where you can go and listen
to different artists so over a period of time we'll connect that data um as to what's been listened
to the most and then our community get a voting token and they can also vote for the bands um that
they want us to pay specific attention to so the ones that come out on top of the data and the
voting tokens they'll be the guys that we'll be looking to invest in
awesome setup man it sounds like you got everything thought through um good throughput
have uh have you guys minted yet frank
uh no no we're looking to mint uh on the 8th of june um so we're going to have a 24-hour premium mint
um then we're going to go into a period of 48 hours for the for the uh the whitelist um and then we'll
be open to the public for another 48 hours um so it'll be just a period of five six days to mint
can can you tell us about your mint price what your mint price is and why you chose it so for
example if you say 0.01 this is why we chose 0.01 or if you say hey we're 0.2 or we we one
each mint this is why we chose one each mint how does that go for you well at the moment um we're
still monitoring the market really because it's been so crazy um you know we were very conscious
that you know we don't want to come in too high um but at the same time we've got a lot of utility
um so it has to reflect that um but um at the moment we're sort of between 150 dollars to 200
dollars and we're going on the poly uh polygon uh chain um so you know if you pull if you manage to
get yourself you know a golden hound um then you know for that price you're pulling in something
that's probably got a value if you add up all the flights for tails now over five years or about
twenty thousand dollars um so it's not a bad return um so it's a good value for the guys that
want to um keep hold of the the hound and use the utility and be part of the community but also if
you're a flipper then you know you could make some money um hopefully if the mint goes well and
you've got a utility of that value then it can work in your favor
yeah man good stuff um i will say this when you when you said polygon i kind of exhaled a little bit
and i'm not a hater of polygon i'm not an eth maxi bitcoin maxi but i've noticed that certain
pride or just about all the projects that i've paid attention to and i'm nowhere near the uh foremost
authority on anything here but the projects that i've paid attention to when they've uh gone to
different chains to uh or even to go to layer twos or what have you they just didn't do as good and
this is one of the things that i've come up with and i wish you the best i hope you meant out and
everything goes fine and i hope to see you guys in concert somewhere or you know come in and drink a
beer with you i don't even drink beer but just saying come in and celebrate with you but
um what i've noticed is kind of like with um the trump um mint or the trump nft is it was a little
difficult for us to try to get over to the other chain and then uh if there was a sale then you know
you have to sell and i guess the exchange was another step that i didn't foresee i underwent anyway but
if your constituency is not necessarily um cryptocurrency savvy i'll say then that could
pose a bit of a small challenge you know if they are then hey man they'll switch over polygon boom
bam ethereum buy it with whatever fiat but man for me i guess i'm just a little bit old don't let me
carbon date myself i always say that but i'm 50 years old and for me it was like man this polygon
thing is kicking me in the rectum so um i may even switch over and try to come in and try to support
anyway but i mean just for the general masses of people that was one of the things that i noticed
and you know again i wish you all the best but man that polygon thing was a little bit strong for me
the first go around now you know i'm a i can't say i'm a polygon maxi but yeah man so yeah um that's
just one of the things i noticed when you said we meant on polygon is there a reason why you went
with polygon versus ethereum or or any other uh blockchain well i can tell you one reason why we
you know we didn't really uh that's definitely not because we wanted you to get a kick out the
rectum that's for sure man i hope that never happens to you um but yeah um the reason we went
polygon um is mainly because of the gas fees um um we're not going to you know when we're not going
to pass any of the gas fees um uh to any of the uh the purchasers so we are going to carry that so
that was one reason the other one is it's quite stable and it's quite fast um you know and it sits
on the evm so it's quite reliable um so that's that's main reason why we went with polygon but
we're also um allowing people to mint with fiat as well so um you know they can just come in with a
credit card and uh and and join in so we you know we are looking at the rock fan who wants to be part
of this as well so if you you know if you're even if you're slightly savvy um you can come in with
your fiat we'll have a custodial wallet and then uh and then we can uh educate you in world we've got
a load of educational videos planned in world for you know how to uh how to get your your wallet
open how to secure it how to uh to look after your nfts so so for the masses that's all going to be
there as well awesome awesome answer um i'll say this and i'll exit um definitely i wish you all
the best um you know and and i like your answers man it sounds like you got it figured out i love
projects that have some kind of utility that they're doing something for real rather than just saying hey
you know this is who we are you you should be glad to be with us i really love that i appreciate it
and um you know if whether i'm a part of the ecosystem or not i wish you all the best hope
hope you have an awesome man going forward and thanks alpha thank you very much those very kind
words and i really appreciate it thank you
uh yeah i mean it's been great i'm also gonna head off uh in sort of like a minute or so but
people are welcome to sort of stay around and uh this space can continue i think uh mighty labs account
will will stay active here but uh it's been great having everyone here uh this afternoon this evening
whatever time it is uh whatever time of day is for you uh it's just here to midnight where i am right
now um but yeah people will take a look uh i guess we've spoken a bit about metaverse hq
about roadhounds uh take a look at the different profiles mitch's profile um has the link to
metaverse hq frank's profile uh you'll see the roadhounds nft uh project down there follow follow
our different speakers but yeah overall it's been great having everyone here and um i guess uh till
next tuesday i guess when the next uh mighty dial saloon is happening but yeah great to have everyone
and feel free to say any last parting words if anyone uh wants to share anything right now
uh do for me thank you guys for uh let me come and speak to you all it's been a pleasure
um and i've heard some great stuff i really have so as well as uh being able to
talk about my project i've learned a few things along the way so thank you very much
hey man thanks for coming um i'll exit stage door right as well i'm just uh i got a hard stop at
five but these few minutes are worthless not worthless these few minutes are priceless to
me they're worth everything i think i ran the wrong two that didn't come out right at all did
it these past few minutes are worth everything man at priceless i you know i love it um i love the
dismount as much as i do the fomo of getting in the getting in the space when i was messaging in
the backstage saying hey man i'm ready guys i'm ready so the dismount is just as important to me as
well um so you know i appreciate it um i do want to throw a little thing out there about the lore and
what's to come uh with mighty labs uh and i want to make it as brief as possible and as generic as
possible so i don't lose my head here and you know and have it on a platter but we um we are working
in the background to uh put together we're working on uh some periodicals if you will let me put my air
quotes up and i'm trying to be cautious with these words so i don't get out here and get myself in
trouble but we're going to work on we are working on periodical for the mighty labs dow and uh uh our
characters coming to life bringing stories on periodicals again but hey man it's gonna it's it's
shaping up to be exciting and uh it looks like it will definitely if you watch one series or if you
watch one of the uh episodes i think you will probably want to come back for more so just want
to throw that out there and you know if you if you have any interest or any questions hop into the mighty
labs uh ecosystem uh hop hop into the uh into our discord uh ask questions anybody there who will be
happy to help you and if they can't they'll point you in the right direction come see us and have a good
time and uh yee-haw cool awesome yeah so thanks for that update um and yeah have a good day everyone
bye-bye everybody be safe peace
later later gm
