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⭐️The Saloon⭐️
Recorded: May 2, 2023 Duration: 1:34:09Space Recording
Full Transcription
Kelly, I think it's the first time doing a Bob Marley for an intro, you know, our first time.
I accept it, except I'm not stoned enough for this event.
I figured I would give it a chance in case someone here was.
I mean, I took my gummies, I took my gummies, I just didn't take them long ago. So I'll hit my vape a few times and get there real quick.
I like it. It's like we should have, we should have timed it more, maybe in 30 minutes from now.
So, absolutely.
So, but how are you doing? How are you doing?
I'm fucking exhausted. I'm fucking exhausted. I didn't know parenting was so hard.
Yeah, and you have a lot of them, six times the trouble.
Yeah, no, my, my better half left me for the week. And I admit, you know, he works a full 40 hour job. I mean, he's a hardworking guy, but he comes home and he, he helps out around here a lot, you know, between the household stuff and the kids and food and just, you know, I'm working different hours. So it's crazy. So he's gone. And I was like, just doing my thing as usual, you know, and I'm like, God, why am I so exhausted? I've got so much to do. My house is trashed. What are we having for dinner?
And I'm like, fuck, I have to do all this by myself this week, everything. And then, and then you were told me, you're like, Hey, you have more web three time when he's out of the house. So totally. Well, I mean, I don't really, but I'll take it. I'll take it. Whatever. Give me some more work, I guess. Keep me, keep me from being bored.
Keep you busy. Keep me. That's awesome. And we have some, we have Ross up here and, you know, Doc Martson, which I almost said Doc Martin. I love Doc Martson. So, so Ross, how are you doing, buddy?
Yeah, doing great. Good to be here. Appreciate what everyone's doing with Mighty Labs. Just love the community. Thanks for having me on the show.
Um, glad, glad, glad you're here with us. Thank you. And, and, uh, listen, Doc Martson, how are you doing?
I'm doing great, man. Thanks. Um, thanks for having me too. It's, uh, what is now 10 PM here. So, um, I'm, I'm, I'm all, uh, awake, so I'm good.
Nice. Two ledges in the house. I love it. So, you know, I was going to tell you guys, uh, you know what I mean? I love, I love, by the way, Doc Martson, I love your PFP, man. That, that rainbow halo is pretty cool.
Thanks, man. Uh, I think I bought it like, I don't know, uh, a couple of months ago now. It was definitely one of my favorite tutes too.
Nice, nice, nice. And so tell me something. So you, you have a lot of things actually going on. That's pretty cool. I, when you say Twitter alumnus, did you actually work for Twitter?
Correct. Yes. Um, I started working at Twitter in 2014. Um, yeah, 2014. So about 10 years ago now. Um, so that's, yeah, it's, it's been, uh, quite a ride.
But I've, I've, I've only been there for like three and a half years, I think, uh, before, uh, starting my own creative agency. So, uh, yeah, uh, I, I was there when, uh, Jack Dorsey was, was, uh, still the CEO.
Whoa. Wow. That's impressive. So any, any good, uh, tips on, on boosting posts or you think they changed the algo a lot or you think it's consistent or.
It's, it's, uh, it's, uh, it's definitely, definitely not consistent, right? It's, it's, uh, it changes the whole time from what I'm seeing and feeling. So, um, it's, yeah, it's, it's, it's so strange because I know that when I was working there, at least, you know, we used to work like with the big brands, bringing them out to Twitter and, and trying to, um,
you know, have, you know, have, have them really understand the KPIs and, and, and all of the metrics. And it was always very consistent. I cannot imagine working today with big brands on Twitter and telling them, you know, one post is generating a hundred K views.
And then the other one, the similar one is just not generating anything just because I think there's a lot of issues. Uh, they, they, they need to solve internally.
No, that makes a lot of sense. But, you know, more importantly is what you're doing now. And that's kind of what I think everyone here is probably most interested in because, you know, you've clearly been a, I call it a, you know, someone who has been a trailblazer into the whole technology world, starting at, at Twitter and then starting, uh, you know, into the web three world.
Maybe you want to tell us a little bit what brought you into that, uh, you know, what you're doing at, uh, you know, the, the, your, whatever, one of us. And then the, uh, now it's down. How, what kind of got you into this whole thing?
Yeah, sure. Um, so let's see. So I sold my agency, my creative agency, which I founded in 2016. I sold it again in, in, in, I sold it rather quickly in 2019, right?
Before COVID hit us. Uh, so that was definitely a lucky shot, right? So, um, uh, that transaction happened in around October, 2019. And I think two months later, everybody was just locked down at home. Um, and that's what happened.
So I, I sold my company, uh, go ahead and just like everybody else, I started spending a lot of time with, uh, a couple of young kids at home, um, being bored, being, uh, a lot on Twitter.
And, um, um, I don't know, man, it's, I think hash max, hash masks was definitely my first NFT ever. Um, I'm sure you guys remember, uh, hash masks, right? Um, and then from there, you know, the, the typical rabbit hole, then I, you know, the typical story is some squiggles.
Um, squiggles I bought at 0.1, 0.2, whatever, and sold it at 0.8 because I thought, okay, I did an X4 and then I saw it, you know, at 28 or something, a couple of weeks or months later.
Um, so, so, so I dived in the whole NFT scene because to me, the most interesting part is really, uh, like my background is like, I, you know, I love, uh, creative things and, and just doing creative stuff in general.
And, and, and this whole NFT scene started as, as a very, at least at the beginning, I think more than today started off like this crazy creative ideas, um, and, and just on the crossroads with, with technology and, and community.
So it was right in my alley from what I've, what I've, what I had been building before that, before this.
So, um, and this was just like an amazing additional layer to, uh, everything I've, I've, I've been building so far.
So, so yeah, fantastic.
That's, that's awesome.
I, I, I do feel a little bit, I'm sorry for your early sales, but that's okay.
we've all been there we're all good we're all we've we've all been there you know what i mean
the thing is is when you look at how crazy things can go if something does 2x 3x 5x it's the logical
thing to just want to kind of you know at least take some if not all out i mean who thinks something
could go up like a thousand x i mean you look at what pepe did it did in 14 days i think what it
took bitcoin to do in 14 years i don't am i right i think that's about right that statistic right
yeah i'm not even sure but yeah it's very probable yeah yeah when i hear your story i'm like i i get
it i probably would have done you know if if if i were looking to make the money i probably would
have done the same thing but unfortunately for me what i tend to do is i buy it and i just hold it
all the way down to zero and i just keep holding so i'm not even as good as you where at least it
goes up oh no no no i'm not the best trader you know i was lucky enough to buy rather early in in
into board apes as well so uh some lucky shots and then you know you know um all of the rest is
like everyone else just down bad so uh and then and what's interesting to me is when you're down bad
you really start working on okay now we need to work on some really cool shit just to start making
money again you know it's it's it to me it's definitely uh uh just you know some i think a
lot about this but it seems like the best companies definitely are being built in this bear market right
now because you're you're just driven in in this uncomfortable position where you have to think
a lot about features and and how to make something better and and and deliver better
stuff than just in in in the hype of a bull market so so yeah i think it's a blessing in disguise to be
honest to to be in this position and in this you know whole um macroeconomic uh storm going on
right now so so i'm quite happy with it no and that makes a lot of sense i i agree i think it's hard
it's interesting too if you're going for a capital raise because in a hype market even pe vcs angels
whatnot are happy to throw a little bit of easier money especially if the feds rates are all or zero
exactly just an idea that may take off because everything else is rocketing off everything's
becoming a unicorn but then when when the hype dies now you focus on value right now if you want money
from uh you know to raise money you actually have to have something of value and i think you're right
now people care about value and if you can be one of the few that actually can produce value
suddenly now you're you're leagues above the rest who are still probably on the old hype train so
i couldn't agree with more with you you know so yep and and tell us so what my friend is your
most fullest thing that you are building right now um so yeah we're um so it's really really early
stage right so so we're building the mvp right now uh of of this app which is called one of us um
which i think is is one of the best memes actually um in in crypto and and other communities um
the one of us thing so we're really trying to build it i'm um i'm gonna try to be as specific as i can
because it's it's difficult you know in this such an extremely early stage that you pivot like every
day right but the whole idea to me is or we we're trying to build these two things really it's first
of all how can we really uh think of separating signal from the noise because my frustration uh on a
personal level and my co-founders as well it's like i'm in whatever azuki board apes you it's
and it's it's just it's tiring i mean if if you're working if you're building stuff if you're
working in a startup and and you have to keep up with like everything going on in in even in just a
couple of collections it's i feel it's so difficult and and frustrating to just you know try to see okay
what what what was that mean tate again and and okay you have to claim this and what's going on
there and then there's so much happening the whole time and it feels like um a lot of people even i
feel a lot of people are getting tired and burned out of just spending their whole day on discord and
um so that's a really interesting um you know pain that we've detected in at least in my uh in in our
hats to say okay how can we just facilitate communication in a very efficient and frictionless
way to um either people that are holders as well as just try to onboard more people because that's the
other thing right i have like we all do i just have a bunch of friends that would maybe love to
try and and just understand just a little bit better what yug is building what d guts are building and
you know all of these um blue chips or smaller collections doesn't really matter um and even for
them it's it's just basically impossible to start where do they start right if even if if i try to
explain them after an evening uh there's it's it's too much information like there's no real good
uh platform to go to and and say okay now i want to learn about pudgy penguins show me what pudgy
penguins is about so that's i know it's it's a lot what i'm saying but it's it's really those two
things we're trying to to solve actually so you it's cool because you identified a real problem that
i think probably everyone in this whole room can i uh you know kind of really understand and we're
probably all you know respecting not only ourselves but other people around us probably tired of what
they call grinding i guess is what the term is i hate that term but basically you're right people
spending all day and and what are they actually what is the accomplishment what are they doing
i don't know is it just the social club or is there actually some real building of something of value
that's going on i'm not sure but you identified the problem it sounds like you're trying to find a
solution i'm curious exactly how it works so i get your philosophy and the platform but can you walk us
through the steps of of exactly how this would work yeah so so what we what we're trying to build here
is like okay um so the app itself so i've seen a lot of social apps um in this space like trying to be
the next twitter or trying to be the web tree linkedin and i'm i'm just not a believer per se today that
um things need to be decentralized or need to be you know uh where you need a wallet connect before even
understanding an app uh stuff like that so if you really want to build something
straightforward where you can just detect okay these are the different uh collections that i want
to follow and then in a smart way and obviously ai will be a an important um um helper here just just
to try and summarize stuff for the the typical reader and and the whole idea for us would be like
build an app where people can just in five minutes a day follow up on everything that's been happening
in their uh specific collections that they're following and and just forget about all of
you know as we be collapsing and all of that you know twitter is so busy and so loud uh on on like an
average day and and i think if you can narrow it down for people just to to see okay i just want to
see the things that i'm really interested in and that's that's that's that's what we're really
building um right now but it's it's early stage again so i think that's a great that's a great idea
you kind of it almost you know could parse it down to people at their time to get the information that
they want yeah the whole our whole idea is just let's give people bag their time you know it's it's it's
just frustrating i mean at least to me my mind to see so many people spend so many so much time just
on you know again discord and on telegram and and and just chatting around did you understand what
what bdc digots is about and and why is it on norton and so what's going on there and if you if you can
just i i mean i would be such a happy man if in a couple of years from now i could say okay
i help people just save a lot of time so they could spend their time on doing really interesting
stuff then that would be my real goal by building this you know doc i'm i'm really into what you're
doing here you know i've i've been saying for the past two years now that the platform that's going to
make it in this space is one that comes with information but it's accessible with the least
amount of clicks the least amount of noise and a way where people that own nfts cannot just interact
with the commerce side of it in marketplace but the community side of it updates vital information
you know so many people just clamored to discord like it was this crazy you know hive for the nft
space but as this thing has evolved you know discord really just needs to become more of an information
hub and something that gathers all that information for everybody and kind of has it in one central spot
i think would be the ideal platform for nfts period hands down you know if it had community if it had
information that was streamlined and if it had accessible opportunities to other outside ventures
without having to leave the site itself you know it's marketing is proven the more the less times you
have to click the more you're going to spend on that site monetarily and time-wise you know so
what you're what you're talking about here really is something that yes is going to save people so
much time but we all know they're going to just spend that time degenning more
yeah 100 right you know and and it's it's been a an interesting feedback i've been having you know
because we're also raising capital and just like people from the space they one of the most interesting
feedback that i feel like we've got on a regular basis like okay it's interesting that you want
to help people save time and and just separate the signal from the noise but people just love
spending the whole day on twitter and on uh discord and and all of that and my my only answer would be
yeah but that but that's the the loudest part of of the troops you know that's the one percent that
we're hearing and seeing the whole time but there's 99 of the people that are maybe interested in nfts and
and and trying to understand what yug is building what azook is building that have a nine-to-five job
and just don't have the time to spend a lot of uh their time on discord and telegram and all of that so
i i truly honestly believe that if we want to grow this space we need to find like as you say
more straightforward uh means of communication more tools that help them just navigate through
from a to b in a very accessible way without you know trying to understand why what is this channel
about and do i have to follow this and why is somebody dming me that i don't know him stuff like
that it's it's insecure people are getting scammed and it's it's stopping us from from growing the
space it's so true it's so true you know and that's one thing that i have tried to just remind people
constantly when i am in the discord is that for every you know 200 people that are talking at any
given time there's hundreds to thousands reading that aren't saying a word they're literally just there
to either waste some time reading the nonsense or because they're looking for information
and if that information is hard to find hard to understand if you've got to scroll back through
9 000 announcements or you know even i think that a lot of people don't even realize when they're in
the discord and they're chatting or even on twitter and they're chatting about things and people have
a question maybe and then like the question goes unanswered or it gets the wrong answer and then
nobody addresses it it just moves on right well those that are reading that like those are the ones
that are looking for that answer too like those people need that question answered like somebody
needs to get in there and answer that but because it doesn't happen then those reading also missed out
on all that information that one person actually took the time to ask and i think that that is so
overlooked that the amount of people that are spending time i was actually listening to an interview
with elon the other day with bill mayer and i you know he mentioned how many people participate on
twitter but how many people actually tweet you know who's talking compared to who's reading and we often
forget that you know i think a lot of times the content we put out that we often forget it's not
just supposed to be for the people that are going to reply it's for those that are scrolling that are
reading that are taking it in that are soaking it up or that are searching out information to then you
know use in their own you know lives so yeah i mean i think that's so overlooked yeah exactly and and i
know because um you know we started off we uh we were both and i'm still on board i'm super cute you
know uh super good work so and i just one friend of mine who said like okay i'm gonna buy this nft
super cute so where do i start okay go to discord and then after i think a week or two she said like
i i don't get it uh i i just don't get it it's it's like what do i need to be in discord because the
announcements are are there and then a lot of people are like starting to spread a lot of you know
thought and negativity and and it's so confusing to um just new people in the space and uh one of the
also more interesting things is like when you're new in a in a in an nft community it's like there's
no guidance whatsoever like who are the people you should really follow for example who are the people
who are contributing with interesting stuff around not not the loudest people but maybe
you know the smart people who are doing a threat once uh once every three days um and and it's so
fascinating i think there's a lot of work at least that we're trying to solve by by thinking of okay
let's build this feature and just help people just guide them uh guide them towards um understanding
uh any uh any project that that's that's developing right now um and it's it's just hard for people
and and and i feel like everybody's like there's a lot of negative negativity obviously today because
of the the bear markets but it also um like if we don't solve a lot of the current issues even a
bull market it's it's not going to help us grow the nft space it's not because i mean starbucks is
doing nft uh collectibles or whatever they call it digital stamps that are that the masses are going
to come to i believe that the only way we're going to grow this space is just by making it more secure
and and and just more you know um just easy to navigate and that's that's our goal actually
absolutely absolutely i mean uh you know you're not going to onboard your brother sister mother
brother you know grandma if they don't understand first of all what you're talking about second of
all how to find out more information about it and third how to use it when they get there
like none of that's going to make any sense to any of them if we don't find better ways to
you know first of all we've got to just make it less of an echo chamber you know when it comes to
discussing the technology that we have here in our hands you know like so much of this is being spent
on hype about absolutely nothing when there's so much being actually built here that's mind-boggling as
far as the technology that's being brought to market at breaking next speeds because people are just
their minds you can see the smoke is just flying out of their ears because people are you know
they're trying to create right now you know with all this available to them and it's it's creating
opportunities like never before for people to become entrepreneurs and and to use their big brain power
you know for good and for for creating things previously unthought of and that's amazing but we don't
have an access you know route for people that are day-to-day that yeah they hear about this they're
learning about it they're going to learn about it quickly when all this blockchain starts becoming a
part of their daily life and in so many ways they don't even yet realize you know so all of it will
tie back together eventually and um you know there's some major players amazon's getting involved in the
space they're going to have digital collectibles you know their onboarding is going to be simple you
know their their regular customers are going to be able to just you know transfer right over there
so i mean you know little things like that are going to be small ways to kind of bring it together but
that's not going to be the same as what we have here with this echo chamber with twitter and discord
and this giant giant small community we've built out of the nft space you know that's it's like it's
its own conglomerate we're going to have to try to figure out a way to to make more yes streamlined
more available more easy to understand and on top of that if it doesn't keep doing the money go up
thing people are going to lose interest so how can we keep that momentum going as well
i agree i agree and i think it's it's um you know there's a lot of people and obviously you're
one of them uh kelly and it's it's an advantage just um you know when you've lived some experiences
in web2 just before entering web3 um because i i see a lot of like the younger guns right now that
are trying to build like you know even six months ago everybody was talking about okay let's do the
next metaverse and then let's do 3d 3d avatars and all of that and it's you know we just need to
pull back a bit and say okay let's let's think whatever if you want to call it web 2.5 that's that's
fine too i mean but it's i think it's an advantage just at least in my experience i'm in my 40s now to
to say okay let's just build on whatever we know that works in web2 it's also going to work in web3 but
but then and you know obviously with tools adapted to how can we integrate blockchain data how can we
facilitate wallet connects without making it impossible for people just to to figure it out
etc etc so so i feel like it's it's it's amazing uh at least the daily conversations and and brainstorms
we have this is i i feel all pumped about um trying to build new solutions to this you know it's crazy
is it's there's like there's two entire different demographics here you know you've got the young
kids you've got the ones that are coming fresh hot they've got the gaming brain you know they're the
ones that are the hackers the developers like they are figuring this stuff out and yeah they have zero
life experience or skills when it comes to building businesses or understanding really how much things even
cost right and then you've got the old folks you know like us that have all these years under our belt
so we get it we understand what it takes to really build a business and a foundation and do all the
things required you know on the back end side of things to make it all run smoothly and keep
things up and up and how much things cost so you bring those two groups together you know you've got
all this technology and innovation and big ideas you know so many big ideas and yeah that's what a lot of
the talk is is people that are just throwing these big ideas at the wall hoping they can figure out
how to make it stick afterwards so the more we can kind of guide these kids you know and guide this
space to where you know they start to understand like that's one thing if i'm working on a project
and i know these kids are founders and they're not really you know doing things the way they should
or maybe they're not making their payments on time and stuff like that i'm after i'm like look these
are things that are non-negotiable you have to always run it this way otherwise people are not going to
take you serious as a business it's little things like that it matters so much and they don't get it
i agree and it's it's um you know it's enriching i mean my co-founder is this uh he could be my son
absolutely so he's 25 and and and i just love it because we both love webtree and and everything
we discuss like you see now blend and blur and all of this we we love discussing all of these topics but
it's you know completely it's very very compatible in a way it's we just he's like what you said so
so he is a founder of akuma origins by the way so so he knows how to build communities and and
how to uh in the midst of a hype at least absolutely an extremely um hyped community and now it's it's
just wonderful to to see him think about the same problem but from a different perspective than i have
so so yeah it's um amazing times oh yeah this space is leveling the playing field you know and it really
is bringing people together from different skill sets and age groups that can absolutely just feed
off each other and work together in ways that you know were never imaginable on this level before like
you know 10 years ago if you had some young buck walk in the office everybody was like he's wet
behind the ears forget that you know but now now they're like what do you what are you bringing to
the table man what's on your mind you know what do you got because you know they're thinking they're
already cooking they come out the womb that way at this rate i agree it's fantastic there's it's uh it's
could i mean the first time that a flat organization is like a really flat organization um and it's it's
what's you know when talking about twitter inc and the whole corporate you know that's the reason
what's happening right now you know that they went from what is it now i think above 10 000 people to
now maybe 2500 or 3000 people working for them and it's it just shows like um you can build so
so so so many beautiful things with just also smaller groups and and i think i i so much agree with you
like before this it was like okay you're 25 you can't help me and web3 one for one reason or another
just accelerated this whole thing so much that now people my age are working with 20 year olds and
we are all partying on the same parties but it's it's all so you feel you're on the same you know
great minds think like blah blah blah that's all good but it's it's they need somebody to guide them
and we need like the fresh eyes so so it's um yeah i think it's it's it's just fireworks if you can
combine it you know what it is is these kids teethed on computers and gaming and internet you
know we found it like we had to we're dinosaurs like we discovered the internet but they they grew
up with this stuff already you know in their sites and just even now this the younger generation and
my my youngest set of kids is 10 and under 11 and under and they get it they get it so good like i
taught them already so much about blockchain and web3 and nfts and they have wallets and they just
they get it you know the in-game digital collectibles and skin they get it and they're going to be
absolutely powerhouses with whatever we create here now they're gonna they're gonna have we're
gonna have flying cars with this next generation like they are on top of things okay we that's the
jetsons coming all right i see it now let's hope so let's hope so you know and i i just wanted to
chime in exactly what you guys are talking about i do find it interesting it's like you know when
there's a hype cycle and people are used to the value of whatever token they own just going off
based off of hopium if you will they forget that the good old adage of of you know you sit here and
you buy the room or sell the news it's very hard that that everyone's production will ever match up to
the to the hype you know when i was building my first business i lost money for six years straight
i don't want to tell you what i was eating but i do know those things like spam i do know those things
like ramen noodles six years straight and i took out enough debt that it would crater most humans for
eternity and that's how many in fact i took out credit card loans to pay the interest on that debt
in order just to be able to survive and it took six years to make the business profitable and now
it's highly profitable but it was six years of grinding in in my little tunnel to make it work
the second business i did it was it was a decade but the difference was is this i had started it's
kind of like when people say hey you know what uh you know i got to make money i always tell you know
it's like the first million is the hardest so start with the second start with the second once you have
resources it's easier but the fact is that when you're in a hype cycle and people are literally
used to just things going up they forget that at some point it needs to be backed by value or it's
going to come right back down so i really appreciate what you're doing doc martin i think that's fantastic
i appreciate it
i i see uh uh electric kc down there with a hand up what's up hey guys how you doing gm gm
hey there hey yes uh just weighing in on that topic i think um
a lot of this stuff with the youth it's it reminds me of like i don't know like culture capture
you know we're gonna create this whole idea of this uh youth culture in web 3 and we're gonna hype
all the things that don't make sense about it and not teach the right stuff about the underlying
technology the use cases uh what we what we can actually do with this technology and it's too much
about um showmanship you know we've got these traveling circuses this is the next thing that's
the next thing it's this next token i think we're way ahead of the actual adoption curve
so this is like an experimental phase and now we've seen with blur we've got the vc and the
the trader minds coming and saying how can we how can we capitalize on this weak market how can we
you know create more action and take more fees and essentially predatory actions really against
the market that doesn't need that because it's quite it's a freaking silo so when people say you
know if you ask an average person do you remember kevin from uh
from crypto mother people are gonna be like no they don't know what you're talking about so we've
literally got a disparity of culture as well and it's not been made easy uh with this bear market
so i think like the main thing here is education and people are ignoring it because i think those
people that know enough kind of like hey i know enough now that's that's good enough for me but the
reality is that most people that even on twitter when they're talking all these buzzwords they don't
even understand um what the word nonce means uh how to you know front run your own transaction
and how to even read ethoscan correctly so we've got a huge huge gap in education to be honest
and i think like once that uh bridges people will start to see what we can actually do with this
stuff huge gap you're right that i mean just those words alone for a lot of people it's like what what
did you say huge gap and that's so you know i'm not sure i'm not sure there's like two levels like
of need to know basis i feel like with a lot of the stuff when it comes to this space you know
there's there's the people that are here to maybe just do the art thing you know do some training
things you know just kind of degen and then you've got those that are serious about the space those that
are serious about knowing and understanding what's being built and how it all works you know obviously
those brains are the ones that are going to go much further than just buying and selling jpegs
but education is so boring how can we make it fun how can we make it more entertaining or more
engaging so that the people that should know a lot of these terms and understand how this space works
more how can we really kind of you know bring that to them in a way that it becomes like a fucking
abc app for five-year-olds right yeah i agree and and it's what's really interesting when you
look at like just just take a look at the the twitter accounts the twitter handles from
you know board it has what points uh sorry above one million followers i think uh zuki whatever three
four hundred thousands how much do we really think are the gents understanding what pepe is doing and
and and and you know what whatever buzzwords as we're seeing uh are are they using it it's maybe
10 of the followers maybe 20 at best so that means that 80 of those um board api club followers on twitter
just don't have a clue of what's happening in this space and and they're just following a business they thought
okay there's like okay they've read about it in in traditional news and there's this whole new web
tree brand which is being created and let's follow them but it's it's it's just incredible to think that
okay like you said kelly it's it's this whole it's it's uh it's an echo chamber and and we if we
if we want to help grow this space it's we need to just get out of it and and and try to think okay
how can we convince the 80 percent out there instead of just catering the 10 or 20 percent
which already are you know very hard to cater to be honest so true so true ross go ahead bud
yeah i was just enjoying all of the uh sick alpha from doc there and uh electric i didn't want to
hey ross hey good to be on with you guys it's it's cool to to chat about where we are in this
bear market right now because you know like we're all world building we're all growing our brands
but every one of us are identifying this problem like you're talking about with education we've got
to make this simpler if you look at the younger generation of people right now they're not
interested in crypto go on the street and talk to 20 year olds and most of them are like yeah i've
heard about crypto but they're not into it and so it's like what are we doing wrong how do we
make this easier how do we solve the friction between experiencing these brands like they don't
want to do 8 10 20 hours of research to get into things and so like when i consult when my company
works with different brands it's like hey you have speed bumps here here and here and a lot of times
they don't have the manpower to solve those problems and so you know we're in web 3 it's easy for us
but it's just it's not that's not solved for the general public
ross i mean i'm so glad you said that i mean and so tell us more about i mean you know you have some
great insight here and so and i feel bad because we kind of got on so many tangents which is awesome
but ross you're a legend so give us the scoop man well it's interesting because like you know when i
talk to to younger kids and like if you act like if you have kids or if if you talk to kids who are
like in school or coming out of school or entering the workforce those are the people that we should
really be like looking at like if they're not if they don't find this easy and they're not into this
like i'm not talking about five percent ten percent of them like why aren't why don't we see 40 50
percent of of 20 year olds into crypto and we don't see that why not like these are the brightest
minds and it's because when they're in school they're taught to go to college and get a job
that pays a high salary and pay high taxes and like their mindset is not in the entrepreneurial
mindset right whereas all of us who work in the industry who who function and do well and have
revenue streams we don't think like that right we think we don't we we don't trade our time for
money we trade money for time and so how can people get into into this industry if they're not willing
to think that way they have to completely retrain their brains i talked i talked to 18 year olds and
they're like yeah i'm gonna go to school and do this it's like they don't have they're in school they
don't have time to to research projects and so the general public thinks the same way but it's
ingrained in them they're like a lost cause you're 45 50 years old you're not into crypto never gonna
happen so like if you're developing a brand you're not thinking about this stuff you have to you have
to start thinking about this so true it's so true and you know what it's not that hard it's not that
hard and so we should be putting more focus on that i mean first of all pull your kids out of school
because these schools are doing them no justice whatsoever that's one thing i will harp on all
day long i homeschool my kids and i do so because i want them to understand how to buy groceries how to
balance a budget how to pay their bills how to pay their taxes where taxes come from while we pay them
what they do with the money when they get it what goes in our food how was it grown where is it grown
how did it get there i mean there's just so much basic nonsense that's not even touched on in school
and then what is touched on is just to feed the machine it's all it's all it's for is to feed the
machine so yeah they're not learning about this stuff and they don't understand it they're intimidated
by it which is why they're not exploring it because it sounds intimidating my kid came to me when he was
17 and told me about bitcoin in 2011 and i thought he had three heads i said you're crazy what are you
talking about and you're right i was i was not a young kid but i wasn't old either but i still was
very intimidated by just the idea of it and now you know what's funny is during the uh the covid
shutdown when everybody was going full bore on crypto and getting into nfts and stuff i wasn't i we
we had actually weirdly inconveniently had taken a sabbatical off of work and we were traveling with
our kids in an rv just living on the road and stuff and just doing stuff and so once all that
calmed back down and i got back into trading i was like what in the hell happened out here but so many
people became so independently wealthy and and really started to take the time to learn about this stuff
and learn about how the markets work and how they too can sit home and make money using their brain
and using their skills and their time and it's crazy to think of how many children out there are
leaving the system not getting it they do not understand how to run a business how to do you
know anything in that regard because they have not been taught obviously and it's it's sad because they
have so much natural talent like you don't have to go to school for 10 years to learn a skill
you know if you have the ability to do stuff like i can tell you right now my 11 year old
that girl is a marketing mother lover she is insane with her instagram that the role playing
she does and the scenes she makes up and the products she sells and then she makes and sells
things for real because she's so good at that but that just comes straight out of her i didn't you
know it's nothing she's been taught it's just a skill my 23 year old same thing he works for talent
acquisition for for streamers and he's so good at what he does but there's no way he could step off
that platform and run his own business yet because his brain's not getting it you know when we have
to find ways to get in these kids heads and make them understand that yes what ross is saying is
right they can do it and they have to just kind of understand the concept behind it a little better
so dumbing it down you know whether it's user interface whether it's content whether it's outreach
finding ways to bring this demographic to this side of things is so important because otherwise
they're the ones that are going to embrace the fed coins and the dumb stuff and they're going to
get caught up in that trap because they don't understand it and that's terrifying
yeah you know what is is rough for me when i'm looking at brands that aren't considering this stuff
it's like yes you have to make information available to people it has to be there you have to be able
to educate people because if if you have a percentage of your client base that wants to dig into the
bottom of your brand and evaluate it and see what utility it has or there's no utility it's a
collectible or whatever you're doing at the end of the day if someone like you said callie if if
people can do less clicks if they can use facial recognition on their phone to get an nft and not
have to learn about it let them do that they should be able to do that but we're not there yet
unfortunately like people people want less friction
and that really is the case across the board when it comes to any sort of shopping buying or
selling experience i mean just face it you know like right now i've got some things i'd like to sell
on ebay i know they're valuable but i know the pain of the ass process it is to me to get that shit
listed whereas i can pop on here and listen nft and under three you know three seconds or less
i'm going to try to sell nfts before i'm a bother with that shit i can sell on ebay
but it's so it sits because of the friction it takes to get it there and then to get it out and
to get it to the customer to do all those things i used to have my living room full of packages i
ordered from china and then i resold here in america and i made a lot of money doing it and my house was
crazy busy with shipping and processing and dealing with that i had two kids on my lap and three ipads
on my lap i mean i was going but you know what friction it was a pain in the ass i'm
my kids are like why don't you do that again i'm like because it was a lot of work it was a lot of
just in between nonsense where yeah you remove the friction you remove the the access and make it
easier not because people are lazy but because when you complicate things it just makes them feel
like they're inept and once you feel inept at something you're not even going to bother trying
because you're afraid you're going to goof it up and god knows we know how easy it is to goof up
everything in this space in one fucking click and then you've really goofed up so that right
there alone is just terrifying to people i i even get scared of it i'll be out and about shopping i'm
thinking to myself did i click anything recently is somebody at home hacking my computer while i'm
here getting groceries like it's scary and it's easy to do and it's you know obviously a problem so
we've got to find ways to make the safe the space safer easier to access more streamlined the
information's got to just be less convoluted i i don't think there's um too much interest from any
large organization to onboard the masses at this point i think the game right now is to master the
space to dominate the space we're seeing that again with the vc stuff we're seeing with the blur
right coming in blur's ui has got nothing to do with the end user or onboarding it's really about
dominating the current volume and the traders and to and to start i mean it's it's a money-making
program right you've got this lend thing we don't know how it's going to end up i'm sure people are
going to over leverage as soon as you add leverage into the equation it's always going to be increased
wreckage so we don't know the end point but that's what we're seeing the innovation the innovation is
to capture the traders money right now um and that is going against everything that i'm sure any of
us came into the space for which was hey it's something fresh it's something different it's something
that we can start again we can start building again here right uh it's fresh land but i think
what they're doing now is just trying to dominate and control it make it more difficult now for people
to come in you can't just come in with an nft collection and they're going to blame on the
scams but essentially if we look at the liquidity suck from these uh i guess entities at play um it's been
pretty crazy and that's what's been driving the prices really it's uh the ability to pump
using uh very sophisticated web 2 methods i suppose um coming into into the space hey we've got VC
money hey we're going all the way we're going to give you free money as well and i think people have
been too enticed now so what we've got now is just a trader pool and all the innovation seemingly has
been drying up on the surface of twitter but i think in the background there's still a lot of strong
building going on but people aren't as vocal anymore because as soon as you start expressing about
your building uh there's not the interest level isn't there right now the only interest level is
free money trading and opportunities like that so yeah we're in a strange place i suppose and all it's
going to take is some kind of thing to come forward and say you know this is why web 3 is better than web 2
and it's more efficient and it's better and you can make money without the friction like like you guys
were saying so uh but look right now what ethereum gas prices come on like we've everybody's been
complaining about gas prices since the other side but we're still on layer one because because it's
cooler because it's better because it's got more credit street cred it's ridiculous we should be on
layer twos right now moving around with nfts bridging playing around with stuff um there's not enough
skateboarding happening right now guys it's just purely uh volume grinding for slight skim
pvp super mega game where we're all trying to take each other's small capital that's been crushed
in the bear market so um i think there's a hope but it's going to take some serious uh education
again i'm going to fall back on that because i could we could talk about mighty labs all day here
about dows about um you know democratization of of of finance and capital but you know what's it
going to matter if we can't you know onboard the average joe immediately to start i guess making
money so i think we're going to have to wait for a little bit of an uptick in the market and a little
bit more uh interest in in other stuff other than just speculation making money but i suppose one of
the things we're building our main product is a launchpad which is about speculation and making money
but it's really giving the uh keys to the to the regional investor to to buy a vc level prices which
you don't have by the time you hear about pepe coin i mean that thing has done like some crazy x by
multiple internal bodies and then you get to catch the tail end and gamble did you double or did you lose
your money so you know i think it's the market needs sophistication beyond just trading tools and i think
we'll we'll slowly see that but it's just education really that's an interesting point you make there
electric about gas fees like they go through the roof right now because everyone's jumping into to pepe
coin or whatever they're doing and it's like who's paying 50 gas fees right now the people who are are
exiting right they're they're paying 50 gas fees to make thousands of dollars it doesn't matter and the
people who shouldn't be paying those gas fees right now are getting roasted absolutely annihilated in
the markets and it's it's kind of scary when people don't understand on what side of of the sand
there's a line in the sand they don't understand what side they're they're on and it's it's not good
for our industry right now but it's part of the game
i just feel like it's really you know uh when you see this whole creator economy today and
just youngsters making their money like building their own vertical brands on whatever instagram tiktok
youtube it's it's just the the reason they can do this today is because technology just
they they don't need to know how to code or even understand uh you know anything from
the technology behind what's enabling them to do so so i just feel it's like a temporary thing we need
to go through and just it's it's like you know whatever typical mckenzie graph will show you where
we're at right now but it's i feel like okay we're we'll get there maybe it'll take another six to 12
months but when you know maybe amazon will will help us just help people forget about technology and just
you know do and build stuff without even talking about nfts and and and the whole technology behind
it that's at least how i feel that like the whole social media thing when you know when we all started
i mean i i have no idea i think i joined twitter at whatever 2008 or something or is that possible
even i don't know whatever so like really rather early and and it's it's like people didn't even know
how they could like grow a personal brand on twitter and and same happened then to instagram and now on
tiktok and so on and it's like people will build will start really build interesting stuff once technology
is just obvious like you know today anybody can just open up shop and and and say okay i'll
start selling t-shirts on instagram today um and once we get there i feel with with like
whatever web 3 will be better at than web 2 stuff like more secure and then whatever maybe in some on
some levels more decentralized i i think uh that's when you really will see the interest of of like the
bigger builders and then the 25 year olds all flocking towards um blockchain when uh they don't need to
understand uh a lot of the things that today you need to to to understand to really like comprehend the
whole um ecosystem and and so it's just a matter a matter of time and luckily i feel like with everything
it it's just the whole window we need uh that we need to get there is just shortening right it just it
took like whatever x years it's you know but i i i didn't plan to mention it but you know chat gpt and
and ai it's like whatever it took them a couple of days just to get to plus one million uh users um and
that's just because it's easy it's everybody can use it and it's frictionless and and and we need to
get to that stadium with crypto and nfts and then and then we'll we'll all make it and wag me will be back
i love the wag me statement but the thing i think that is important to go with that is not the blind
faith behind wag me it but it's wag me with data we are only going to make it if we're looking at
to see how effective we are and you know influencers who are like as pumped this stuff out there wag me
it's like yeah but show us what the flow through is because a wet blind wag me statement is going to
make people fail and i apologize i have to jump off onto another event um so yeah thank you very much
for having me on and uh i'm going to jump back into the next spaces that you guys have uh thanks cali dr
diamond and talk it's awesome being on with you guys no ross please don't go so thank you so much
for coming buddy thank you yeah i'm sorry i have to jump out to another event that i rsb before
it's okay you can come back ross i will thanks everybody thanks for chatting
i think this is a great topic and you know i won't lie it's one that i i feel like i've been preaching
for the past year straight it's just we really you know i think that yeah when amazon comes out
with what they've got going on um i think it's going to kind of divert some attention and that may
be good you know yeah it's going to use a lot of less nft words you know i don't think they even plan
to utilize crypto for a while with their platforms so it'd be interesting to see i mean truly interesting to
see how that looks and what that you know kind of does for the space itself and you know i think
their whole concept is digital collectibles with redeemables so each nft is going to have to come
tied to something automatically you know that's like a consumable or physical or you know some sort of
item and that's that's an interesting concept to me like i said i think that once we um
kind of understand that the concept behind all this is going to get brought down to a level of
you know in-game assets and you know trading digital things that way and really it's going to
capture a generation of of kids and young adults that we're not selling to right now you know i don't
think for the long term it's going to be a giant 10 of 10 000 pfp collections you know flying off the
rip like it had that's not going to be a long-term plan for this space i just don't see it um longevity
wise but i do think that in the meantime all the innovation that's being created out of these
processes and these people that are trying at least those that are trying for the right reasons i mean
obviously you've got plenty of folks out here they're just here to make money no no matter how they
do it and obviously not many are going to be doing it in positive ways there's some out here that are
just raking projects out left and right and raking in the money from it as well but it's just kind of
hilarious what casey said because it's true you know we are in like a shit coin season right now
so the attention span is i'm even having to tell projects look if you're trying to launch an nft project
in the next few weeks mention tokens somewhere in your marketing or you're just probably not going
going to launch it it's crazy it's crazy it's crazy right now and you know what what's interesting uh
kind of when i when i'm listening to you it's like i think or i feel like the whole you know we were so
hopeful that coinbase nft marketplace would like onboard millions of new people to the whole uh nft scene
which obviously now didn't happen and it's it's like or when was this like a year ago maybe um
it feels like okay just 12 months later and we're all we all like matured a lot we're all like okay
like um the whole amazon thing would be really interesting because they're doing something different
than just you know digital collectibles uh digital art and nft they're they're they're gonna bring retail
to to web3 um and and that to me shows and i'm i'm like uh cautious about it but i'm i'm really optimistic
about i mean if any um player in this world could like bring masses nowadays towards uh
uh nfts whether we call it nfts or not it doesn't matter but but to to our space uh it it should be
amazon right who else could be able to do something like that oh absolutely and you think about their
numbers if only a tiny percentage of their customers on board and we're still talking millions you know so
it's not like it's that far-fetched of an idea and and i do think that it will i mean i think that i
think coinbase coinbase was only marketing to the same audience is the problem where amazon's marketing
to families children mothers grandmas grandpas kids might see stuff come out of this that they
want a piece of you know and how easy is it for their parents to buy it for them if it's right there
in their amazon shopping cart sort of you know what i mean so it's my kids have the amazon app
on their phone they literally just add shit to my cart i'll go to check out and be like why is my
cart two thousand six hundred and forty seven dollars i have to go delete some crap now because
they get window shopping you know but it's crazy hey toast how are you today i've missed you
gm gm gm everyone how's it going man i missed it's going i so missed you guys as well i'm just
you know listening in here the only the only way i got to join the space was did not sleep the whole
night so it's um 7 a.m here in in melbourne right now um i i had i had like crazy amount of spaces to
attend uh for the racer club launch so i thought you know what it's okay 6 a.m the space started i'll
join in listen in and uh and come and vibe with you guys because it's it's uh man i miss you i
miss i miss the mighty labs fam obviously um you know i i feel so bad not being active in there but
um i'm always here i'm always here lurking and always here supporting and i'm just loving the the
discussion this morning as well i think it's a really uh adult like conversation not not not like your
typical dj kind of you know space that you know everyone's talking about uh meme coins and pepe and
it's not that bad like but you know it's it's i think a better discussion it's because your two
co-hosts are over 40 years old nothing wrong with that nothing wrong with that and yeah i'm almost
there i'm i'm 40 this year as well um so i'm gonna join the club as well with you guys uh but yeah man
it it is it is it is amazing i think um you know this this space the growth of it um what has happened
we've seen so many things uh you know because i'm i'm now involved so much in different aspects
of it from game fight to defy trading to you know dowels and everything i just love the evolution and
i think you know when we get this when not not if right when we get this mass adoption uh we all we
all so long for um and you know and it grows accordingly especially with these big companies that
why you talk you guys are talking about amazon i think google as well be a good one um you know various
others if they all start jumping on board and you know offering those user incentives to to come
into crypto and nfts in a way where it's seamless to them um then i think you know we can expect a
bigger market cap in crypto um and a bigger put through with everything else so yeah i can't wait for
that day i'm just going to concentrate on building what i build in the space and and look at all those
little nuances uh where i can help save like for example gas right now it's really bad we were going
to do a um a launch as well for our toast toastpunk oboji dao uh via open sea but we decided instead
okay let's just you know easy enough let's just get the money sent to the dao and then airdrop those
nfts to those people instead it's much easier um it's it's this gas craziness i i did a pepe giveaway
before i mean i'm bleeding i'm so i felt so bad because i did a i did a pepe giveaway and check
this out okay i'm giving like it was 100 million pepe and then it was like split to 10 winners right
and i'm giving pepe out 10 million uh pepe which is about you know i think 13 or 14 something like
that but i'm paying gas 18 on each of those transactions it is so scary and i tried to even
trick it you know i sent that pepe to like um coin spot one of the exchanges that i use
and and sent it out and then coin spot you know slammed me for more pepe to use a transaction fee
i'm like this is not this is this is difficult this is this is getting crazy right so um but either way
um you know i think the space progresses and hopefully we get through this this craziness right now and and
move on you know i don't like 2021 gas without 2021 profits okay well pepe is giving you kind of that
like a little bit of those vibes right um you know crazy i got in a 25 market cap uh 25 million market
cap and i called it in my in the in my dow uh with that there and i think a lot of them came on as well
and they're all happy um but yeah it is like nfts is not there right now we all can see that that's
there's just no flavor in there i think every every flavor of every nft is gone to meme coins and
everyone's non-stop just uh outputting these meme coins which uh which is dangerous right um i mean i
had i had i had i had one i had someone just check this out this is how silly it is right i had a
bread coin uh someone someone launched a bread coin and then reached out to me and said oh you guys
deserve airdrop because i see your community is pretty big in bread and i'm like uh no i don't
know who you are i don't know what you're doing and it's like 100 people in the telegram and i don't
know man it's just it's crazy right just watch out i would say you know or as standard i'm going to
focus on what i need to focus on um it's buying instinct crazy crazy financing happening tomorrow as
well uh yeah i would love it if you guys tell us about that tell us about the binance yeah so you're
out here you've been out here busting your ass i know this you've been out here working yeah yeah
it's been it's been non-stop like so we we got this binance partnership in january when we launched
crypto toast uh uh they they came on they saw how many users we were onboarding as in new users
onboarding into web web web3 and they loved it right and um yeah from that there are our you know
relationship bloomed and you know they they found out what project we were doing and they said okay how about
racer club labs and we said okay cool what can we do and now they said okay we'll do the igo for
your nfts i said brilliant no problem you know so yeah we've been planning that for about a month and
a bit and yeah it dropped in yesterday but the way they did it uh which is a bit strange right but
that's why they're having this ama tomorrow um is they did it like a token style they did like
a you know they got to prepare you got a whitelist preparation stage then you've got a
you got to qualify for that there and then you got to subscribe to it and after subscribing then
you got to you know it's like i don't know whether any of you saw the sui sui token launch um it's
similar to that it's like the four-step process where they prepare uh subscribe calculate and then
distribute yeah so they applied that to nfts which i don't think works really well uh because nfp
people are just used to you know whitelist go in there mint that's it come out secondary floors
sweep sweep sweep etc etc so it's it's a little bit different but um yeah we got that we got that
binance um ama with them big one tomorrow um which uh which is funny because i've got a
time myself in a way i've got a binance in real life meetup in melbourne and then i've got a binance
ama space so it's going to be another like i would say uh from now until then another 12 sorry maybe 14
hours straight i got to be on so i might have to have a nap somewhere in between i think because
if not i'm going to die i think it's just it's crazy it's non-stop
i think you should definitely take a nap don't die
i don't want to be one of those founders that go oh sorry
the founder died exactly remember that now i'll take a nap somewhere in between for sure
risk of death syndrome and founders now that's fantastic i i know you've been really excited about
that so i'm glad to see it's coming to fruition and you can kind of get to the finish line no
pun intended there and kind of bring this thing full circle and get it going i know you're super
excited about it yeah absolutely man there's this there's well when you talk about finish line this
is probably pit stop um number one there is going to be um um many more races after this you know
there's that the game servers opening then there's after the game servers opening then there's this
finding of all those shards the racer club license shards and onboarding all those projects and
there's just it's going to be all the way till october november this year because we've got the
i club token launch then and that's one which we have you know that's why we started the relationship
with binance we want to go straight into like a big powerful uh um token token drop uh in october
november so we wanted to maintain those milestones and achieve those milestones accordingly
all the way through so yeah it's not finish line really yeah i wish it was but it's but it's pit
stopping it's just pit stop and then go again pit stop go again a couple of red flags maybe thrown
in here and there but keep going keep going keep going that's it no that's the will of racing toast it
sounds like you're really building something though i love it absolutely man i mean i don't know whether
you guys heard about other side um they just recruited the uh x epic games um uh cto so they replaced
their cto um in in yuga um for other side purposes and and i know other side was building uh in unreal
but i think if i'm not mistaken because this this guy from epic games he he obviously loves his unreal
engine and they they worked on it they actually powered whole unreal engine they built um valorant
league of legends and a few other things there as well so it's going to be interesting to see
what other side comes up with uh when they move to unreal engine which is what we are building on
already um and we already forecasted that that is the way to move forward especially if you want to
go ahead towards esports and then mainstream with games um so yeah it's very interesting to see what
they're going to come up with and the developments there um i just think as i said early on you know
people are people like to plan very short term in this space but you got to think a bit longer you
you got you got to think a few steps ahead before you decide on things because every single thing
that you think of um could uh could impact you know uh not just now but but two three five ten years
down the track uh and that's super important so yeah from from my perspective it's always going to be
let's build as as you know if we fail we we get up we build we fail get up we build and non-stop what we
do is we then reach the the moment in time where we can pass everything off to a dow and then from the
dow perspective that's where it's up to the community how they want to evolve it it's what
i've done with toes fung it's what i'm going to do with racer club as well you know it's it's funny um
i saw they hired the guy over there at yuga and you know he hadn't been with epic very long either
he was only hired there in in 2020 or something like that he i think he came in dropped his his
there his skills there got his bag and moved on to the next bag to come over here and work for
yuga now and create what they've got going on and you know it's just crazy and i feel like i feel
like there needs to be some sort of a an evolution in this space you know for those that truly are
trying to create long-term projects out here you know businesses out of what they're dropping you know
of course that initial mint and all that and royalties if they make it you know can can go far in boosting
these projects forward in the path that they're trying to go down for developing cool shit but
we really need to figure out a way for those people that do you know buy in and they mint and they become
part of it and then they do stick around to see the the finished product you know what does that look
like for for that group people because i mean obviously the only monetary value they have is in
in the nft they hold at that point and the only value coming back to that nft is the drive in the
market to own or hold it so if the project still succeeds in becoming a a financially successful
business at the end of it all you know a lot of people have already left the ecosystem and probably
the floor prices even suffered tremendously for it but that doesn't negate the success on the other side
of things when they're when they're building and they're succeeding in their growth you know so how
can we then bring something full circle back to the ones that did see the vision and really kind of
stuck through and and played a part in that development you know like obviously there's
nothing in it form at that point because the money is on the other side of things you know then the
profits coming into the business side and and the developers and founders so where and how can we drive
a value back to the community in in some way besides like more nfts and stuff like what we've got to get
creative here and kind of find solutions to that you know to where people can become inherently somehow
profitable on the success of a project or business or an nft event coming out of this ecosystem without
of course you know circumventing any legalities and whatnot Kelly if i get your question right and i think
you make a lot of sense today in terms of what um you know the the perception is of people right so if
you look at yuga as a ecosystem yes they are the biggest yes they are the leader right now um issue
with producing something back for that community is the offering in value in returns so for example okay
uh if you were to buy yuga uh or byc or myc which i had um at the all-time high um you know you'll be
spending ridiculous amounts of money right and and most of the times um you know actually you cannot sustain
that all-time high so it drops and then you lose your backs now for those that that maybe hold on
to it and said okay you know what cool i will i will i will hold on to it i'll see what i can do but
you know you're you're down a quarter million dollars maybe maybe even half a million at some cases right
um when you go in for whatever they provide in as a game okay or as some sort of utility that you can
use your nft for how how are you gonna get that value back like it is like you know you've just
it's gone it's spent right so the issue there is that i think the bigger the bigger that that
community or that ecosystem is to begin with with a lot of uh uh put through uh investments in it
the harder it is to actually make that community happy we already know how hard it is from a from a
smaller economy basis but you know being something that big it's super difficult that that's my
opinion for sure and and i think that we probably shouldn't start off with the highest floor price
project when i when i say this i mean i feel like i'm trying to more or less refer to the more
realistically priced projects ones that still raised quite a bit of money you know in their initial
sale and they really are trying to utilize those funds to actually develop or create something out of
it you know but there may not be intense holders or there may not be a high floor price it reflects
those that are you know because obviously you can have a collection of 5 000 nfts and 2 000 holders
in 1900 can be holding but then you've got 100 that are just creating a floor price of 0.01
so it's not really showing the value of the long-term build taking place so we just don't we just ignore
that so then there's 1900 others that they get it and maybe of course you're going to lose about 75 of
them because their attention spans just gone anyway and they've moved on doesn't matter you still have
that small percentage that still get it and they still feel like they're contributing to the growth
of of this venture you know so then where does that that that's more i think the demographic i'm looking
to find it as a meeting point you know okay so the answer there is in one word i think it's in
sustainability right how how can you sustain a utility that will keep driving that value back
towards uh um whatever that whatever that basis point is okay so if you got um yeah i use yoga
because i just wanted to show the extreme top end and then obviously you got what you're saying which
is the majority and and everyone else uh middle to low now as long as i think the uh adaptation of that
utility whether it's a game whether it's a metaverse whatever it might be right doesn't really matter
as long as it's built in a sustainable structured form that means it keeps on growing and growing and
growing without the need for a bubble burst okay so it's it's growing based on maybe demand it's growing
based on um you know users it's growing based on revenue these are the key three factors i think that
will allow for sustainability in whatever whatever is being built like you know i i know people out there
building uh things like you know 3d ar stuff and you know chat gpt things or you know games or whatever
like what we are building a game like a racing game right so the design of it as long as as as long as
it's there to increase sustain increase uh value for for people using it and grow it sustainably over
the long term as more people jump on board and you know it keeps on growing up i think that is the key
that people need to uh to consider especially when looking at project builds yeah i i feel like i
feel like it almost makes it where really the only long-term viable things in this space will be
something that is involved with gamification you know assets at some point some some way of rewarding
you know the holders via that route or projects that literally like what we're talking about with amazon you
know with the digital collectibles with redeemables where you buy a digital collectible you immediately
get access to a redeemable whether it be maybe a physical item or you know access to a pass or
video content or there's i mean so many possibilities for that but at the same time that's it you know what
i mean like obviously you have no vested interest in amazon and they're not going to you know promote
the projects that are selling these digital collectibles as being long-term builders on their platform
it's literally a retail so you know there's going to be interesting uh chasm of of between those two
i think at some point in the space where one will be literally be become part of a almost entire venture
capital concept of you know trying to develop things through the sales of nfts and then you've got
the side that will end up being more retail and then of course you've got the the blur traders the stock
part of it and what drives that who knows it may end up just being shit coins who knows if that will
even come back to a cycle of nfts that act like shit coins i don't know it's it's it's interesting
what's going on right now around us yeah it it is like that so um dr diamond maybe you got some input on
the shit coin sign on the meme coin sign listen the only thing i can tell you and i do want to
let you know if you hear any music i uh been on the uh elliptical for five minutes because i just
need to get my workout in for the day so i got my air pods in so i hope you can hear me okay but
there is a special coin so first of all i jumped in this turbo hex thing this morning because uh a fellow
crypto punks just messaged me said hey get in this so i got in there pre-sale thing went up over 300
took out half cashed out just half took my profit plus some and then i'm staking the rest for a week
for a lot of tokens it's t-h-e-x not financial advice but i did no due diligence it just there's like
18 punks said do it i said okay i trust them and it worked and then there's another project that i don't
know if you're in on or not but it's super top secret right now and i think it's going to do
really well if you want i'll dm you get you in the private group the name secret but i think it'll
do well too i think the key with coins it's not what the coin is it's the people in the group right
so it's like who's actually backing it that is everything i don't care what they call it
but who's backing it gets enough interest that generates enough volume that grabs attention
uh to ignite the match so that's my only insight i just bet on who's in the group not not what it is
dr diamond that that is exactly and i'm already in the group so i'm already back to this role so
yeah definitely yeah yeah i remember saying yes you know you know the deal
i know you're in it yes but yes go right the only reason why i would be involved in something like that
it's because i see the others that are there and i see the valued members that are there and that's
the only reason why and i know that you know how things grow is by community i've seen that over and
over again so um definitely i think this meme coin season has brought a lot of insight to i mean
definitely brought a lot of insight to myself um when i started in and i i started after doge and after
after sheba right so um you know i wasn't there when when those things happened and i did not know
how those how that could be such a big movement in terms of what it does right but i've seen it with
pepe and i experienced it with pepe so um yeah i think what what some of the growers will do if they're
smart about the way they make their offerings it could make it could make a difference excuse me
me listen i and i think there's a there's a book i want to recommend for everyone here who wants to
read it it's probably the best book i've ever seen on this topic it's called the extraordinary madness
or it's like extraordinary delusions and madness of crowds and it's an old book and it goes back
through history whether it's tulip mania or dot com boom bust and it talks about the mechanisms of
community driving up an asset value and then poof so i found it very educational and it can kind
of help you time the top a little bit so i think that's important you're making me feel breathless
over here with your exercising i know right the problem was is that yesterday i don't want to get
too much but i had both my daughter and my mother in the hospital for two different reasons
at the same time my brother was in the hospital with his wife to have a baby four days early and i
had to juggle all that with work and i didn't get the workout in so today i'm making up for my workout
yesterday i feel like your mental acrobatics probably made up for it yesterday you you probably could have
gave yourself a break today and your body would have been forgiving of you for that but maybe it also
helps to kind of release some of that stress i can't imagine having everybody in the hospital like
that it was insane my mom broke her knee my my daughter yeah my daughter had had adenovirus you
know just typical virus and yeah it was very needed some fluids he wasn't drinking and my brother had the
baby i was actually in the hospital doing my hospital work so i guess oh wow well congrats on
the new baby oh thank you thank you so much sorry to hear about your mom she doesn't need that right now
no i know right yeah another thing but i don't want to sit here and talk about medical issues on our
saloon there's more but i just wanted to say why i'm working out so hard and i see a few uh really good
friends down there in the in the crowd i see pants one of the og lumens guys which is really one of my
favorite projects it's such a fun project i see kelly's got her uh eve which i think looks perfect
for you by the way your pfp is awesome i love it you know it's funny i keep going back and forth i'm like
trying to find something i want to buy or change my pfp into and i i almost even actually last night
change my pfp to just my own face i was like hmm it was funny i think i probably fell asleep with my
phone in my hand contemplating it last night when i was laying there trying to pass out i've been doing
so terrible the past week about doing that falling asleep with my phone i don't know what it is maybe
just because i'm i'm bored but it's ridiculous i was so afraid i'd wake up and there'd be some kind
of nonsense on the timeline who knows what i might accidentally type while i'm falling asleep it's
ridiculous and it's it's toast punk i just want to tell you my absolute favorite food of all time
is the grilled cheese so every time i see your pfp especially when i'm working out and hungry
i just want to i'm like oh it's such a tease this good looking cheese
oh man definitely you know um the one that i have is a is one out of so it's all there's a hundred of
them in the 990 series but it's actually this is exactly what it is it's toasted brioche on grilled
cheddar it is amazing like soft bottom and uh and and yeah grilled cheddar then this
so i don't know whether i've made you uh earn your workout uh a meal but um after that yeah definitely
i think you deserve one of this i think it's uh you know toasted brioche grilled cheddar and you can see
the face there so i don't know whether you've seen one of those videos i posted this is this is
real stuff this is what my kids and i do on sunday right we make faces on our bread and and this is
one of those special faces that i mean like you know that looks like me got a beard on it you know
bald head kind of thing so that's why i'm using it for myself and i got this one here uh but yeah
definitely my you can check it out that's no problem no i definitely will check it out i love that
ah kelly you're making my belly growl over here now i'm thinking grilled cheese and some tomato soup
ah yes so listen guys i don't know if anyone else has anything to say but if not maybe we'll
close the space down what do you think kelly i'm good i'm good if you're good i'm good you guys
i'm hungry now i know i gotta finish my workout and go have a grilled cheese
oh great all right guys we'll see everybody next week see you later bye
