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The Wale Show
Recorded: May 9, 2025 Duration: 1:16:06Space Recording
Short Summary
The conversation centered around the recent token launch of Doodles, highlighting issues with airdrop allocations, market performance, and the importance of effective communication and partnerships. Participants expressed mixed sentiments about the launch's success and its implications for future growth.
Full Transcription
Thank you. Thank you. GM, GM, everyone.
Crazy day.
Crazy day.
I'm waiting for Shiv to co-host.
I guess we'll come on the show in a few seconds.
B, while we're waiting, we have B up on here.
By the way, for the audience, if you want to request, if you want to talk,
we're doing open panel today, so just feel free to request.
We'd love to hear your take on this whole situation.
But B, welcome to the show. How are you doing?
I'm doing good, man. I'm just still waiting for the airdrop. Fuck.
So it's true that people still haven't received the airdrop? Like you, still waiting?
Yeah, man. I mean, there were a few people who got their airdrop twice.
And then there were a few people who didn't got it.
And I'm one of those.
And I pre-registered for it.
I guess it's like even after pre-registering, I didn't got the airdrop.
And when I'm trying to claim it from the website, I'm unable to do that as well.
So it's like a complete shit show right now.
Crazy.
Okay.
So for the people who were not up up to date yet by the way before we
go into the shift welcome to the show how are you doing my friend oh it was taking a second to get
up here but uh happy friday guys happy friday um last week we had a incredible show with sui
it was a lot of fun bringing the show back uh i'm obviously
doing more of an open panel today talking about the stuff that's happening dude tg happened earlier
a lot to get some thoughts around it uh b-rated i saw you tweet as well so we'll get into it a
little bit but it's a good friday how's how you doing well i'm doing good and it's a busy busy
friday we knew we do tg would come but there's like a lot to be a lot to be discussed uh a lot I'm doing good, and it's a busy Friday. We knew Doodlet had the TGE a few hours ago, I think about two hours ago.
Yeah, I think almost two and a half hours ago entered the market.
I think at 80 million FTV right now, it's at 70 million FTV, which I guess is lower than people expected.
Certainly lower than I expected.
It's not terrible, but it's certainly lower than a lot of people expected.
Even like under the poster that I did. Most people had other expectations.
But I think the main thing that people are discussing right now
is that some people, like B-Rate said, didn't get any airdrop yet.
And at the same time, there are people who claim that they received
twice their airdrop.
And before anyone asks, it's not a fake token.
Some people received the actual token twice. asks it's not a fake token like some people receive the
actual token like twice so it's not like a fake some people might have received a fake token
there were parts of that too but there are people who received like the actual token twice
so that brings up a few questions shiver one of those to you first
You guys said like at Pudgy Penguin said Pengu, AirDrop and everything.
uh you guys did like budget penguins pengu um airdrop and everything
When this launched it, do you remember how the communication was from Pudgy team at Pengu.tg?
Because I didn't see any posts from the Doodles team yet, even though a lot of people are discussing the AirDrop, the double AirDrop, some people still waiting, all this stuff.
So when you look back on the Pengu airdrop a few months ago,
what was launch day like?
I mean, holy shit, launch day itself,
I can break it down internally.
I mean, the C team in Miami,
they stayed up the whole night.
And I'm pretty sure Austin and the rest of the guys at Doodles
pretty much did the same thing.
When you're launching a token, it's a feeling that like holy shit like you can't you
can't mess this up and then um you're staying up the whole night and i remember internally
there's a lot of like measures in place uh to prevent you know sniping to prevent
the token going sideways um and i remember when we launched um it was a pretty successful launch there's a few snipers that got in but they they um got wrecked pretty instantly um when they tried to sell and
they got a very bad fill now that being said i think what's interesting right if you're launching
a token and you're you know a legacy project like you know pudgiesodles, Azuki. You're going to get a shit ton of traffic coming to your page.
And that happens to everyone.
Happened to us, happened to Azuki, and I'm pretty sure the same thing happened to Doodles as well.
Hence why certain holders got multiple allocations.
I wasn't aware of that until you said it
I wasn't aware of that until you said it, but that's probably the reason why.
but that's probably the reason why
it's something that I think
a lot of teams should be prepared for
ahead of time, making sure that
you are having your
websites really
fortified to make sure you can handle that much
volume, especially if you're launching
a token, because you can't
simply afford to fuck up, because if you do
it's a tough ride to bring it back up um and to communicate the mistakes happening but
even if stuff goes sideways i think you're you're meant to have your team prepared to communicate
and that's something that we did as well right uh is like communicate the stuff that was happening
uh like okay cool we're you know improving the service or the website or this is happening
or like bear with us.
Just so people don't go into absolute panic
and chaos mode and start posting stuff
on the timeline that might,
I'm not saying it's misinformation,
but might push the narrative differently
because you know how CT works.
So I think it's pretty important to make sure
that if you're
launching a token to this caliber that you have communication across the board just so people are
aware of what's happening what's the current update do I do I wait when do I you know claim
can I sit comfortably and there's a lot of factors that get involved especially when it comes to you
know money naturally so that's something that i would
suggest but something that we did um it's just have communication
interesting so we have loki up here on stage as well who has been covering the
recent new developments on on his x page as well loki i would love to hear your take on what's
going on here.
Of course, as we already discussed,
a lot of developments.
First of all, I would love to hear a take on the general TGE
and then on the rumors.
I don't know if it's rumors anymore.
I think it's confirmed in some instances
on people receiving potentially twice the allocation,
what it would mean.
Yo, hi guys.
Yeah, I've received like 10 times my allocation.
I'm writing, I'm speaking from Bali, my new villa, guys.
What's up?
Life is good, guys. I don't know anything about that.
I just, like, I was there in the Discord waiting for my airdrop.
And it took a while.
The sending waves, I don't know.
Somebody were able to claim before.
I mean, it was a little bit weird because we really didn't know how it was going to work.
So the pre-registration, nobody knew.
What was it?
So yeah, I would say she was right about like communication where a little bit missing and weird.
And then on performance, it's been a long, painful trade.
It's been a long, painful trade.
I think expectation where like,
conservative expectation was like around 150 million FTV, I would say.
So we're averaging half of that.
Yeah, I believe people are disappointed.
I read some comments in the Discord.
Some others are angry.
Some people like DOG others.
It's been three years they bought for 2022 prices.
I don't know.
I mean, overall, I think something is missing for Doodle.
And somehow the team is not fully aware of their situation.
Maybe it's because they are in their Twitter bubble.
But, I mean, they don't have much presence as Azuki or Paji.
So if we've got to compare. Another example, you don't have, like, much presence as the Zuki or Paji. So if we've got to compare.
Another example, like, you don't see them here.
So these are my thoughts.
Thank you, Loki.
I want to go to Masi with the Doodles Pf3.
Maybe he has some insights into, like, Doodles core community.
But I agree.
I think what you said, Loki,
I think people expected more.
I think even the market expected more.
When you look at the floor price,
it's down almost 4K from yesterday.
And airdrop value is about 1.5K.
So a 2.5K difference,
the market overvalued by 2.5K.
The airdropation for Doodles.
So I think, of course, the sentiment on the timeline, I think, was different, at least from holders and people involved.
But even I thought it would go or would enter the market a little bit higher based on what Doodles were priced. And comparing that with the Zuki and anime and Pachypenguins and Pengu.
But Masti, welcome to the show.
We'd love to hear your take on this.
Maybe you have some insights for us.
Yeah, the doodles won't show up because they don't want to hear you guys fud and they don't
really like any of you guys, right?
They just think that you guys are doodle fudders.
But really, a lot of you guys are just timeline farmers and you could really care less of
what actually happens. But yeah, a lot of them won't come here uh this was horrendous this was
yoga pets-esque i guess you could say i'm watching 30k 30k cells while i'm over here just with my
dick in my hand just waiting to get my airdrop like it's pretty embarrassing right um i've been
standing on the fact that i think this is going to be horrendous and it ended up being so of course
we go my little victory lap while everybody was calling me a pussy or whatever else.
Just everybody should stop launching tokens.
Just please for the love of God stop doing this.
98% of teams here are not equipped to launch tokens let alone run an NFT project.
And I don't want to say Doodles run an NFT project well but what they do they do it well which is the brand partnerships and whatever.
So all they have to do is keep doing that.
The Doodles community is a fucking shit show bro it's literally just this split in half i'm a doodles maxi i'm gonna do some of that and then there's people like me who just like
doodles for what it is but a lot of the people bro they're just fucking cringe lords uh like i
said bro please just stop launching tokens this is this is uh horrendous this is just a this was
an execution risk that didn't need to happen.
I think Doodles is one of the only, I guess they're tone deaf because all they have to do is do nothing, right?
Like you said, Loki, they don't have the presence that other communities have, right?
And I always use Min as an example for Izuki because he's kind of like the prime example.
Everybody knows Min and he's the Izuki, right? We don't have that. A lot of communities don't have that.
So when you have that, it makes a huge difference right and there's not just one man he's just like the
only guy like he's like the guy um but doodles doesn't have that bro you're not going to see
anybody from doodles be like day 79 of buying a hundred dollars of dude no bro nobody's going to
do that and also another thing the doodles keep misleading people saying like oh the you know
this is bullish for dream net and all this shit. Bro, first of all, nobody cares about DreamNet.
Number two, people won't tell you that you can't even use DreamNet unless you hold an OG Doodle.
So when it launches, it's not like you, Whale or Shiv, can go make your world in DreamNet after you buy Doodtoken.
You have to buy an OG Doodle, which makes this even fucking worse.
Damn, Master Kevin came in a lot here.
But you made a few good points.
What's your take before we go to B-Resist end up as well?
Do you have any insights on the rumors that some people got double
and all this stuff versus maybe like isolated incident?
Some people did get double.
Some people got get double.
Some people got fake scam tokens that did have small liquidity pools that they were actually able to dump.
But some people did get legit doubles.
I did not.
So, yeah, I don't know.
Okay, so we can, because when I saw it, I thought, okay, maybe, you know,
Doodle Steam didn't like do a lot of collabs with other projects
to add up to tokens.
Maybe they did like a 2x for people who didn't instantly dump their dump the doodle but it seemed like just a few people received and
not everyone so okay thank you musty uh andrew i see you with a hand up please well uh first of all
my comment earlier i'll double down on that one and and on a serious note um to me this feels a little bit rushed um deals was
kind of like last in line ish to kind of launch the thing so in my opinion which means nothing
to anybody else it does feel a little bit rushed obviously the ayc yuga was the first one to do it
fantastic um you have the others in line but this one feels like kind of like hand was forced a
little bit we kind of have to do everyone else has done it type thing.
Not a great outcome.
I mean, you heard Musi.
I don't want to repeat anything Musi said,
but that's kind of my thoughts.
A little bit rushed.
Interesting.
Okay.
B, I want to go to you for a second because I had your head up earlier.
And then we also have a few new people up on stage
who I want to hear their opinion.
But B, go ahead. I mean, it's like I've been in their Discord
and it's like team is not just silent on Egg's part,
they are completely silent on Discord as well.
It's like there are a lot of people
who don't receive their airdrops,
like not only me, but there are a lot of people.
And then they are just open a ticket.
They are not even asking people to open a ticket.
I just found out there is a channel within their Discord where we like just open a ticket like if they are not even asking people to open a ticket i just found out there is a channel uh within their discord where we can
just open a ticket and i just opened the ticket and then there was this guy saying that i'm just
a mod you don't have to take your frustration out on me and i'm like bro like if you're just
more like just get the entire team or the dev guy in because it's like if you if you can't take the
hit then you shouldn't be here in the first place because people are going to be frustrated you know it's like because people
are invested you know and it's like the execution is one of the most important or i would say key
role for any project you know it's like you might be the best guys like you might be the budget team
you might be the eighth team but if you can't the apes team, but if you can't execute it, you are going to get fucked.
And that's the reality.
I just feel like the team needs to be
active again, even on X,
even on the squad. Mistake happens,
that's fine, but come on, at least
address it so that people are not
left high and dry.
I'm just going to chime in here
real quick. First of all,
B-rated. It was lovely seeing you in Dubai,
but I'm kind of glad your airdrop kind of got wrecked. This guy was walking around with too
much swag. I'm not going to lie, guys. The way this guy was walking around with his FWOG chain,
golden FWOG chain, by the way, I was like, God damn, man. Everywhere I come, I can't stand next
to this guy. He's looking too good. Jokes aside jokes aside um execution let's talk about that for a
second right and i think it's a very important thing to understand i think everyone understands
in this space that when it comes to building hype momentum marketing is something that this space
does very well especially when there's a monetary incentive behind it aka a token uh you could be
you know you know top five project whatever it is. You can be a
shitty project, right? But if you announce something like this, you're going to gain momentum,
you're going to gain traction, you're going to gain a lot of people kind of, you know, looking
forward to the TGE. And we've seen a lot of projects on the top of the class, you know,
with the amount of, you know, mindshare they have. But when it comes to the launch of the token,
execution has been very poor. Not to say that this was poor but generally saying it doesn't matter what kind of position you're in i think
when it comes to tge you got to take a lot of things into accountability um and communication
right across the board there are good people who struggle to claim there are good people who
might not get the allocation they were looking for, wherever it is, I think you just could be ready on deck
to address all of that.
And also, I think when it comes to dropping the token, right,
I think there's a lot that gets involved that people overlook.
So I think it's like, I'm not saying this like for doodles,
but I'm saying it like for the future use case, you know,
I'm like, you know, speaking on behalf of Pudgies,
I remember there's a lot that went into making sure that the claim and making sure everything was very simple to
understand. And if anyone is looking to do a TGE down the line, please, please, please make sure
that it's a smooth experience and something that's simple that a lot of people can understand. I think
a lot of people weren't really well communicated and i think like andrew
said i think communication could have been better um but that is as my two cents like when it comes
to execution if your team looking to drop a token just rethink it now and stop asap bro just fucking
don't do it i also see so
we got a lot of
we got a lot of
fun here on this stage
there's a lot of negativity
we have Digital
up in here
and I know Digital
is a
dedicated Doodles
holder
and Doodles
pull on the timeline
Digital
welcome to the show
please bring some
positive
vibes here
what did you think
of the launch
maybe what did they do well?
What's your insight?
Well, I'm going to pause you there for one second.
Guys, it's not digital.
It's digital.
Please pronounce his name properly.
Oh, digital.
In my mind, I always said digital.
Digital is your objectively better name.
Okay, I'm sorry.
Digital, please go ahead.
Oh, Lord. Shiv, thanks for that for that also happy belated um my brother it's been too long uh whale i haven't probably spoken to you
in two years i've been on space with you so i feel like uh this is a you know it's a nice uh
nice moment for us um yeah probably everyone else on stage um and now we've interacted um
i'm not here to you know shed positive light on anything or good perspective,
but I think there's some recency bias here.
Not to speak to doodles, but if we look at more recent TGEs,
that 24-hour period of around a lot of them was rocky, guys.
This is not uncommon.
And if we look at the team,
Whale, Austin, Greeny, Squinch,
Julian always here,
they're all in your space, man.
They show up.
They're fucking hilarious guys.
They're brilliant.
They care a lot about the community.
And they deliver, right?
120 million McDonald's cups.
The execution across the products
has been superb. like pudgy much
like azuki much like all the top projects that are out there so i'd say i mean you know you guys
are gonna feel all you're gonna feel i'm gonna give them some grace right like they're not they're
they're gonna communicate right like they're they're probably trying to figure it out you're
not getting a response in discord boo who okay like they're trying to sort it out. You're not getting a response in Discord? Boo fucking hoo, okay? Like, they're trying to sort things out,
and they're going to speak to you when things are ready.
They're not just, like, fucking off in Barbados or something, right?
Like, they're literally heads down and going to figure it out.
Could they be on stage here?
Potentially, right?
Could they be potentially a little bit more active?
Yes, but this team does nothing but deliver.
They've executed really really well they are
trying to figure this out and they care a lot about the community must see we have very differing
opinions about the community um i think there are people who are as talented as i'm in and i'm in
both communities discord is a fucking wasteland if you're going to discord to figure out what's
going on with the community you're going to the wrong fucking place i do not step foot in just doodles discord there's all types
of chaos there and i've said that since day one um we're out here right we're all in our silos i
see what i see in my timeline you guys see what you see in your timeline uh the community is
stronger now than it's ever been i've been in for three years and I have, you know, I've, I see Pudge on my timeline.
I have Azuki's in my timeline.
They are right up there, right?
Like, again, I'm not trying to glaze, not trying to convince anyone,
but it's just what I see from my perspective.
So I think there's some resiliency bias.
My timeline probably says a little bit different, right?
Like I can't be completely unbiased given that I'm a holder,
but I think we, I'd like to think we can give this
a little bit of time give a little bit of grace and allow them kind of sort it out this is not
the end of the story you guys read the dream net paper it's like 15 pages of gigabrain
that i barely understand but seems pretty right? Like if we're not pushing the needle and doing new things, why are we even here?
So anyhow, thanks for the time.
Well, I don't know if I answer your specific questions.
Happy to answer any question you guys might have.
Love you guys.
Shiv, we need to catch up.
Again, happy belated brother.
Whale, it's been too long.
I hope you remember me.
I know you're famous now, but that is Ken, brother.
But I always appreciate your insights and your champion of NFTs,
because that's why we're still here.
Let's go.
Thanks for coming on the show.
A few people know our lore.
I think your spaces back in the day was the first spaces I ever did.
We talked way back in the day
we sent it, if you're other people,
I remember the first time I was on
English speaking spaces back then.
So I appreciate you coming on.
I think you have a point.
And I think one of the reasons why
some people are disappointed,
I think even within the community
is just because like the, you know,
delivery on the McDonald's partnership,
on the other partnerships has been so well.
So I think that's one of the reasons why some people are a little bit underwhelmed.
I think mostly around the communication as well.
Of course, we actually invited them to the space today.
But of course, launch day, that's usually not something teams can do.
It was the same for Zuki Bignit Day.
When they launched a token, we invited them.
But it's like a busy day, obviously, for teams.
So we don't expect them to chill on spaces for hours.
So, obviously, I do think, though,
that there could have been,
especially now around the issues of some people not getting airdrop,
like B-rated said, I think there could have been
better communication around that.
But Masti, I see you with a hand up,
and then I want to go to Andrew, who had his hand up as well.
Yeah, it seems that people here are upset about what I just said before.
Please don't DM me and tell me to sell or do whatever the fuck.
Most token launches are shit.
That's just how they go.
And just because I talk like this doesn't mean I'm not actually bullish on Doodles, right?
I'm bullish on IP overall, which is why I think like Penguins and all these other projects are succeeding and why Doodles gets to work with McDonald's.
I'm talking specifically from a token standpoint.
Just stop fucking doing them.
Doodles is not the type of team that's built to launch a token, clearly, right?
So please just, that's my point.
Don't tell me to sell or whatever the fuck else.
Sorry.
Could I respond?
Busy, I wouldn't tell you to sell.
I know you're very passionate about the community.
I think, yep, your opinion is that they shouldn't launch a token, but maybe it should or should not be wrapped up in DreamNet.
That's fine.
Where I do have an objection to is you characterizing the larger
community in the way that you do, right? Because I feel very differently. We may differ on that as
well. But the community that you see is not the community that I see. So I just want to make that
very, very clear. And if I didn't feel that way, I wouldn't be here because community is everything okay we got would love to hear your take by the way i just
using something i don't know if that's real or shit post uh he said he's currently eating sushi
so i don't know if he had time to do like a whole photoshop of this page but i put it in this i've
in this space so i assume it could be real. So there could be a new collection coming up for Doodles called Doopies.
I don't know if real or not, but that's something just on the timeline.
But Steve, welcome to the show.
Would love to hear your take.
Yeah, no, appreciate it.
Appreciate y'all having me up.
Just to like caveat beforehand, because I love the Doodles team.
I'm in the doodles community. This is my opinion based on sort of not like footing or critiquing, but more saying, okay,
like, you know, you said it yourself. Well, I think on the low end of things, people are expecting
a hundred, 150 million, you know, 200 million as a market cap. And I was modeling out on 250.
Obviously I was very wrong on that, but so the way I'm approaching this just to caveat up front is like, okay, so what could have been done differently that maybe
would have had it open a little bit higher. And so I say that just because some, you know,
people will get really upset when you kind of give these sort of feedback and say, oh,
go launch your own token. I'm not saying I could do that. Right. So upfront, like the point,
the thing that surprised me is kind of what I expected based on how the team had executed so
incredibly well on things like McDonald's and Crocs and Rubik's Cube and everything else was I thought we were going to get like a noon token drop.
And then at 9 a.m. they were going to announce a sink for the token.
Hey, stake this and you can get this.
I think of Pirate Nation's first drop of the token, one of the better executed ones we've seen where price held because they gave a reason to stake immediately and reason for usage.
I mean, even Magic E. pumped initially because they gave a reason to stake immediately and reasons for usage. I mean, even Magic Eden pumped initially because people had a reason to stake together
things. I know people who staked for six months to Magic Eden. So that little bit of incentive,
I thought maybe they'd have something like that at like nine. And then maybe at 10,
they've been teasing out this major partnership. I thought maybe we'd see that. So people get
really hyped going into it. And then maybe at 11, they announced some dream that things to
clarify what's going on there. And then, then comes at 12, and people are really hyped going into it.
And you have people making the case on the timeline, hey, I want to buy this token.
I think what we got was they launched the token.
I thought the airdrop was a really cool mechanism.
I know some people pushed back on that for tax and other reasons.
But I thought it was a smart mechanism to lower load on the site and potentially give holders the opportunity to get that claim in advance.
So I thought they did a good job on that.
And I want to give credit where credit's due because I did think that was nice.
But this part that surprised me is sort of the only thing you could do with the token today is sell it.
And it's not necessarily a meme token.
They're saying there's going to be some different things there.
But that's what kind of threw me off about it.
It's like, again, I'm a believer in this team.
I'm excited to see what they do with DreamNet and kind of what goes there. But on the token launch,
it's just, I think we've seen it play out enough where, and I'll kind of land the plane on this
because I don't want to yammer for too long, but when ApeCoin launched, they had a merch sale
immediately and then they had the other side sale. And at the time, so this isn't sort of in hindsight,
you know, I said, why do they not have monthly sinks?
They could do retail holidays.
They could sell bathing suits and pool floats in the summer.
And, you know, in Christmas, they could be selling BAYC ornaments.
I don't know, stuff like that.
It's like those monthly sinks would give a reason to hold and use, or at least give a
discount there.
And so having sort of no sinks, no announcements when they're talking about this big partnership,
I thought that momentum could have led up into the launch.
And I think that probably would have let it hold closer to that market cap.
And so to me, it was just a matter of that launch plan.
And last thing I'll say on it, and you know, this might be more of a hot take and I don't
know, but I do think there was something to be said that all the launches I mentioned
did have sort of like Julian as the captain of the ship.
And I, I don't know if that affects this or not, but I do think there's probably a discussion to be had there. So anyway, I'll
land the plane on that, but that's sort of my overall thoughts on it, but a good job on the
airdrop and they got it out and there wasn't issues with the liquidity pool. So, I mean,
they didn't execute some things really well. It's just, it didn't all come together. It was just
hard. It's hard to launch a token. Amazing. Thank you, C4, for coming on.
A lot of great takes.
We got TMA up here as well.
I think he posted about Doodles.
Let me check the timeline.
I think he posted about Doodles as well.
Yes, he did, as expected.
So Doodles is pumping, currently sitting at 1.25.
So TMA, would love to hear your take on all this
if you want to comment anything in particular.
If we go ahead.
Yeah, good afternoon, everyone.
Happy Friday.
Honestly, Doodles has been a team I've loved for a very long time.
I've been supporting them since they were one ETH.
I agree with what Steve said.
I think Julian at the
leadership table, it did make a difference. There was a lot of like good partnership. It was well
executed. I think the biggest problem, and again, Steve said that in ways as well, and this has
been a problem with Doodles from day one for me, is they're disconnected with Web3, number one. And number
two, I don't think they're the best of communicators. They're great marketeers. They're
amazing at creating content. They're good at creating assets that would catch attention.
They suck at communicating. Like, honestly speaking, like, i agree with what digital sorry if i butchered your name
was said as well but that's exactly the problem you're in silos and those silos are the problem
those silos are the only ones who are two fanatic doodle fans and outside those silos no one really
understands what's going on right there's so many community initiatives that are going on.
I assure you, outside that bubble of 200, 300 hardcore holders, no one really knows about them, right?
Like, you've done so many amazing partnerships.
Where's all that data?
When are you going to go out and say, hey, like, a million plus cups, this is how many people we onboarded to our
app, right? This is how many people are actively using the Doodle app to kind of like, you know,
buying wearables, dressing up their Doodles, like the Rubik's Cube collab, Eddie Daz,
what were the sales like that over there? Like, you've done so much for the IP. But if you keep delivering on
that front, but you don't communicate that openly to your internal and external audiences,
it doesn't do shit. Because in this market, it's all about capturing the attention.
And you do capture the attention with those amazing news flashes, right? Like getting these partnerships like McDonald's, Eddie Daz,
it's not an easy feat. It's amazing, right?
Like, so the fact that they got those, it's crazy.
And the fact that they maintain those relationships over time,
they were positive overall.
That's also something we should be commending, right?
Like, so the team itself,'re they're they're really good
they they have their heads on straight they understand how to build an ip right the point is
hire someone to do the communications in right if you're delivering so much on the product front
but none of your audience understand what the you're doing quite honestly we're sitting in
a panel of like what 12 13 people how many of you actually understand what the fuck you're doing quite honestly we're sitting in a panel of like what 12 13 people how many of you actually understand what the fuck dream that is right like like i
understand it sounds very fancy on a 14 page white paper but we have the attention span of a fucking
goldfish and i won't be ashamed to come out and say, when I read that white paper for the first time,
it went over my head, right?
And that's also one of the problems.
You don't need to sound that complicated to sound smart.
You can put it in layman's terms,
like something that a general five,
10-year-old would understand and put it out there.
And that would be a better way
to communicate your message, right?
Like, so I think that's where the team is lacking i think over the long run nothing has changed they still
have an amazing ip they still have those brand partnerships that are in good standing from my
understanding right like so they can still deliver on everything that they've promised it's just there
are certain things they need to kind of change and and a second part to
that was web3 connection they keep saying they're going to improve on that front but i don't see
shit happening there right and i was cheesed when i went to tiff because i was going in and i was
thinking hey like you know the least they can do they've done it adidas collab they're gonna give us fucking free t-shirts right like so for me like those physical um collectibles those uh they're almost those
collectibles that you that go really close to your heart right i would value them i would cherish
them i would keep close to them because for me that represents a big milestone and a brand i love
right but the fact that they handed me a digital variable
that I'm not even going to give a shit about,
that doesn't add any value to me, right?
So these are small areas of improvements that they can work on.
And quite honestly, I've communicated that to the team multiple times.
I don't know if the message just doesn't get across
or if they're just not willing to make those changes.
I don't know what's wrong there.
But yeah, I'll shut up now.
Thank you, Timae.
By the way, we got some breaking news.
Doodle's account commenting, we are aware of an issue affecting some Airtrop wallets and are working to resolve it ASAP.
are working to resolve it ASAP.
All eligible wallets will receive the allocation more info to follow.
All eligible wallets will receive the allocation
more info to follow.
So I know Berated is no longer on the stage,
but maybe someone can send him this message
that he will get his airdrop sometime.
So it's not gone.
To your point, TMA, I agree on most of it.
I think Masti also commented on the communications part
and on the breaking out of your own bubble part.
I didn't see a ton of people post about Dude Launch at all.
I posted because I'm generally interested in NFTs.
And as you said, I think the Dude Steam is great with a couple of times on the show.
It was always good to have them on.
But I didn't see a really big-scale covering of the token,
what DreamNet is.
If there was coverage, then mostly about AirDrop and tokenomics.
I know JRP, in the stage earlier,
had a good piece on DreamNet yesterday.
But few people, I don't know how many people could answer
what DreamNet is.
I don't want to test it up here on stage,
but I think that's part of the problem here, I agree.
So we got Loki up with his hand.
Would love to hear his take again.
And we also got Cap and Andrew here on the stage from Clayton Source.
We'll get into their announcements later on as well.
But Duels TGE seems to dominate the timeline today,
so we want
to spend a little bit more time on that. So, Loki, please go ahead. Well, how many people are aware
of DreamNet? I think like 5% of the others and probably none of the others. So, also, I don't
understand the strategy. I mean, they positioned DuOS at the last minute as an AI ecosystem token,
and they had this partnership with some Solana trading communities or some AI communities.
So, I mean, how many of those people receiving the error do you think they went through the white paper?
I guess none, right?
But I agree with TMA.
I agree also with Steve regarding the airdrop registration.
It was actually cool.
It's just like they had some issue, but it's fine.
I think overall, like, Dulas has a problem.
Maybe it's just like we over...
The valuation was overvalued by the market, by us, but I have to say by others as well. So I don't know when digital say my, I see the dual community,
I don't know. I mean, metrics talk, usually like you have town town hall inside Discord with 30, 40 people.
On Twitter, you don't see many doodles, unless you are in the doodles bubble.
But I'm in every community NFT, and they are the weaker ones.
So I think it's a case of overvaluing because this valuation kind of makes sense
and they are great with partnership, but we know the web to partnership never really translate
into buying your NFTs or buying your token. Is the team fault to let all their stream. I think a little bit because, guys,
so my expectation was 150 FDB.
If you were going yesterday to write in the Discord channel
that I was predicting 150, I would get fun.
Everybody was expecting 500, minimum 300,
1 billion, 2 billion, like crazy valuations.
I don't know.
But I think also the problem is the team is bold.
It's definitely not humble.
So, I mean, I think it's okay to be bold
as long as you know how to act, how to do things.
So, I don't know if the team was really expecting
just we have a couple of Solana partnership
and don't be loud and don't make noise on the timeline
because there's no actual strategy for that.
And you know, I mean, she will know how many things
they need to do to be where they are.
So yeah, that's what I still don't understand.
If the team is aware of what they lack
or that's okay because they have a vision for DreamNet,
they have a vision, I mean, the brand is amazing
and long-term is gonna cook.
is going to cook. So this valuation kind of makes sense. It's just expectation we're wrong.
So this evaluation kind of makes sense.
It's just expectation we're wrong.
Thank you, Loki. So I want to go Andrew, Danczak, and Loshmi. Andrew, CEO of Glenosource. I know
it's always hard to comment on the performance of other teams, and I know you're close with
the dual team as well. So maybe you can just give us a broad take here
on what you think,
like from the perspective
of running a very successful kind of NFT project.
Yeah, man, thanks for having me up.
Obviously here to talk about Klano,
but Duels is top of mind for everyone today.
And like you said, we're close to that team.
We're very respectful.
And like you said, tough for me to say anything bad,
but no, I'll be good.
I'll be good.
No, lots of respect for the team, like genuinely. Like it's a really great brand. We're close to them. Um,
and we wish them all the best. I do think that tokens generally, I think a few of you guys
touched on some things and we put a lot of thought into token, right? Like it's not,
we're not naive. Like we know tokens are big and there's an opportunity here for launching them.
And, uh, I forget who said it before, but someone's like, you know, not every team needs to launch a token. Not every product is a token. Not every NFT collection transit into
token. And that's very, very true. However, there's a big opportunity. So a lot of people
race towards it, right? Like first thing, I think Shiv, you mentioned like comms execution.
That's always going to be the case. No matter what you're doing in any business, you got to
have like right, clean comms, understanding of what's going on, like nice, easy distribution via claim
or whatever the case may be that everyone understands and everyone's happy with.
That's tough sometimes from a tech perspective, but it is like a very normal baseline for
everyone that like you should at least get that right. I say that, you know, cheek and tongue,
because it is harder than it sounds in many cases, especially when the is wide and you know on chain is actually you know sometimes a little more
complicated than people realize but it is a baseline and then steve hit the nail on the
head i think a lot of people are talking about like the comps and look at this it should be a
billion look at this you know it's so big um it could be hundreds of millions and so on and so
forth and then the fundamental question that ste hit on correctly, I think, is,
what do you do with this token?
Why are you holding this token in the first place?
And so I think what was said there was put it in staking.
Staking is great, but I would also note that that's completely artificial.
You're holding that token with the intent of getting more of that token through
some yield, but that token has to eventually have some place to spend it. And this is where I think
the comps are all wrong because people are looking at tokens and saying, oh, well, what's the market
cap of this? And what's the market cap of that? The token by definition, especially a meme token
has no like rights to cash. So it's not like a stock, right? Like a market cap is not the right
comp. It's a currency of exchange. So what you're really looking at is like money supply,
right? So what are the things with this token that I can buy or invest in or whatever, right?
So, and like all of us live in the regular world, like go check your bank account, go check it.
The money you hold, you hold it for one of two reasons, right?
You hold it because it's part of your cost, right?
Like I spend money in Canadian dollars to buy my groceries.
So I hold Canadian dollars or you have things to invest in, right?
Like that's the only reason you hold those things.
It's usually currency of exchange.
We know the latter is not true here.
Like none of these currencies are being used to make investments unless it is the thing
itself, in which case you're saying there's going to be an economy for which I can purchase things in this token.
And that's where, you know, having an artificial state,
like staking, having this artificial utility is fine
so long as you hit the nail on the head
in a simple understanding.
I think a few of you said that, like white paper,
I mean, I've read that white paper like 10 times.
I get it, but I'm also in like very deep in the weeds
of this particular like slice of the business. The average person I would totally understand would not get that.
And it needs to be simply understood. I think it's like, you know, if you don't understand it,
if you can't explain it simply, you don't understand it well enough. Right. And that's
super true as well. So all of that points to an end point though. This is a currency of exchange
for something, goods, services, whatever the case
may be. And it needs to get there on some timeline and it needs to be well understood what those
things will be. And then your comps are not companies or market cap, your comps are economies.
So I was saying this as an example to an investor yesterday, like the US dollar,
there's all of M2 money supply in the US, like let's just say in plain English,
the money that's printed and in circulation, digital and physical, is about 73% of the total
GDP, and GDP again, to talk in plain English, the number of transactions in a given year in the US,
the annual GDP, that's 73%, right? So think to yourself, like how many transactions,
not investments in like, like not transactions that are happening on centralized exchanges
from one currency to another transactions of exchange, like things I'm buying with this
currency are occurring in that ecosystem in any given year, multiply it by, let's say that
comparable 73%. And that's what the market cap should be of your token, right?
So what's the GDP of the Doodles ecosystem?
I shouldn't, I don't want to like put Doodles on blast.
Like I said, I love those guys.
But what's the, what's the, you know, of any of these ecosystems?
Like what is the actual currency,
like the actual number of transactions occurring in that ecosystem?
And the fact of the matter today is that for almost every token,
that's not like an L1 blockchain
or very, very popular L2 is effectively zero.
Like you just, there's nothing to do there.
And even if you do, like maybe you could buy some of the stuff of that brand, like in our
case, we've got plushies and things like that.
Maybe you could buy some of that stuff.
Like no way in the fucking world we're selling anywhere near hundreds of millions of dollars
of plushies to the tune of, you know, a market cap that's in the realm world will be selling anywhere near hundreds of millions of dollars of plushies
to the tune of a market cap
that's in the realm of reality.
And I was saying this again
to the investor yesterday,
the intrinsic value of this token
in all these cases is zero by definition.
That's not like a debatable point.
And over time,
we'll veer towards that number
unless you start spending on things.
And so another example that's worth using, I know I'm rambling, but I'm going to just give one last point because people might
have this in the back of their mind at this exact moment, is think of like an L1 blockchain. So
let's say Solana, that's the one that we're talking about here today, or I guess the fundamental one.
The utility of Solana is you use it to complete transactions on Solana. That is like the equivalent of the natural resources of a country.
Like we are here to spend money on this natural resource.
And because everyone wants that thing, in the case of Solana transactions, they want
to complete transactions on the Solana blockchain for all of the use cases we know and familiar
with.
Then beneath that, you start to get a layer of goods and services
that start transacting in the same currency because people are holding it for that main
fundamental reason. Like the same is true of all the countries that we live in. So I'm in Canada.
Canada, the Canadian dollar would be worthless if we did not have a natural resource basin that the
people of the world wanted, right? And so I buy my groceries in Canadian dollar, but the fundamental
principle that that
dollar has any value in the first place is because of the natural resources we offer and that people
want right and and obviously over hundreds of years that evolves in such a way that it doesn't
even look that way today but that is actually how it works so going back all the way to these meme
coins utility tokens whatever the case may be and as they pertain to nfts and if i like go clano in
particular because that's the company that i run you need to have an eye to how you build up that ecosystem.
And by the way, the entertainment ecosystem is a centibillion dollar ecosystem from which you can
pull value into and on chain. You've just got to know what you're doing and how to do it and present it clearly or launch that
token when the, when the demand for it is already there, when the things to buy are already there,
because again, if you can't explain it simply, but it's already working,
therein lies another superpower. Not many people living in Canada can explain the Canadian dollar
the way I just did, but they don't need to understand it because the economy is already
running. Right? So I, uh, I stopped there and I know i've rambled a little bit but hopefully i've i've helped a little bit i hope
he's talking about maple syrup by the way
the amazing taste editor it's got me thinking like especially like the gdp uh stuff where we
apply this like to i think all tokens 99 of tokens our space are space. It's like a crazy or scary thought to have when you have exposure to a lot of these coins.
But I appreciate you giving your take.
We'll come to your kind of cleaner updates in a second.
Before we do that, though, Jack, I saw your hand up earlier as well,
changed your PFP to a dual today, I think.
So if you have any take you would like to give here, I would love to hear.
Thank you, brother.
And yeah, I have a great timing when it comes to changing PFPs
to be exactly when they get the most food on the timeline
that I then have to feel like I need to defend.
Now, look, I'm actually with most people here.
I'm not like super biased on this. I think the, I'm actually with most people here. I'm not like super biased
on this. I think the communication could have been much, much stronger. The value proposition
of why anybody would actually hold dude could have been a lot, lot stronger. I think, look,
Andrew's take was fantastic around like why these things need to have like an underlying value
proposition or just underlying value more generally i i do see this a little different in the crypto nft space i do think at a certain point
doodles is only a 10k supply collection and everything else the boxes etc that come out of
that the team have been pretty vocal on the fact that they're not like a secondary collection etc
and at a certain point in time when you are going for growth
and mindshare growth you do need to actually open up that project in different ways and i think for
me it does just come down to what do they have planned next and how quickly they can communicate
that as well because if they're just letting the dust settle letting the price sort of find
wherever it's going to find because they have seen previous token collections launch in the opposite
way where they just build attention build everything they can towards the launch but
just categorically no matter how good that is the tokens then drop like 90 and maybe they're just
feeling like look we will let people go the way they're going to go. And then we will start dripping out information around this token after the fact, like not to
protect the team too much, because I don't think it's a hundred percent the case. Like they
definitely could have done better on the communication regardless, but I can see why
they might be like, you know what? We just don't want to hype this token up too much. Like, and
also we do want to give people who have held this collection for so long a time to exit and be comfortable with that exit as well if they're comfortable
with the value they've got i know people who like basically staked their doodle with the space doodle
like they got a ton of extra on top for doing so so yeah i i think for me overall really really not
too bothered in the short term what happens here.
In the short to medium term though, as in like in the next month or so, I would expect like the
partnership announcement to come out. I would expect to understand a little bit more around
the utility of this token and like how it actually is planned to be used in the future.
I feel like then maybe they have watched
other projects launch though,
and maybe are just thinking,
look, not that there is a roadmap,
but that definitely wasn't it.
So maybe we're going to try a different route at this.
That would be my only thought process
as to why they have, you know,
mismanaged the communication bag right now.
Amazing.
Thank you, Jack, for your take.
Andrew, I'm going to skip your hand,
but you will be happy that I skip it
because we'll go to Glenosauce next.
I know you work with them.
So that was our segment on Dood, everyone.
Again, we wanted to make this space
like a really broad,
covering a lot of different topics,
like all the stuff that happened this week.
Kaito had a lot of updates as well.
But Dude kind of had all the mantra today.
So that was our segment on that.
Again, I think Team is great.
Team is not going anywhere.
There probably could have been
a few things done better here
for around the token launch.
But yeah, I'm still positive
like doodles of the OG teams in this space so we wish them well and now I have
to make find a way to make a smooth transition from doodles to to clay no
okay so Xeo posted that doodles might launch a new collection. Who's also
launching a new collection?
It's Glenosauce.
Cap, Andrew,
and the other Andrew, welcome.
Welcome to the show.
Maybe for the people who didn't pay attention, Andrew, I see you with a hand
up doing research at Glenoceau.
I think you're the right person to ask.
Can you give people an intro into what
Gleno announced last week, I think, for the right person to ask. Can you give people an intro into what Clayno announced last week?
I think for the people who are not.
Well, can I ask my question first to Andrew or no?
This pertains to the, can I ask him first or no?
Okay.
I was transitioning here at the end of this.
Andrew, we spoke last week.
I texted you about the ETFs, Pudgy's ETFs specifically.
If a collection was to launch a token, had an ETF at the same time go live,
would that sustain some of the sell pressure
and create some buy pressure?
You're so funny, man.
I was texting Andrew,
like having a cigar and a drink,
like the one hour I get to myself about this,
I really went off on it.
But in brief, like the answer,
the quick answer to that is definitely yes, right?
Like you've got more demand coming in for the token as a consequence of having the ETF,
but it doesn't solve like the problem that I described earlier, right?
I think also there's a huge misconception about like what an ETF is.
And I'm realizing that people might not, everyone might not know.
But like an ETF is just, it has a very strict mandate most of the time that just says like,
you just buy this thing, right?
So if you have like the Pudges ETF, and I've gone through that paperwork as well,
it just says, we invest in Pengu token. And I think there's also an allocation of around 15%.
Don't take my word for it, but if you guys can check it, for the NFTs. And like, that's all it
That's all it does. So there's no like flow through from Pengu token into the rest of the
does. So there's no like flow through from Pengu token into the rest of the ecosystem.
ecosystem. It sits just there. And then you ask yourself like, well, who is in who at the ETF
level wants to pay a fee to invest in this asset? There's no investment strategy, right? It's like
you're just investing in the asset. So you're basically solving for the laziness of like buying
this thing yourself. So setting up a crypto wallet or an account, you can even do these things in a
centralized exchange. So you're just capturing demand predominantly from retail because institutional investors
don't usually invest in ETF if ever.
So it's basically like retail folks that are crypto curious, want to participate, but simply
too lazy to do it through the traditional route that most of us have on, uh, on, uh, you know, doing
the wallet way and all that stuff. So like it adds demand, but it's not this like quality demand
necessarily. And, and it's definitely a positive. So I don't want to like throw shade on it, but,
um, and if we launched a token and then we're able to translate that into an ETF, like that's great,
but it's just another avenue for holding that currency,
right? So I don't know that it's, it's not, it's not a solution. It's, it's again, something of a degree of like, it's another channel of demand. But if you're thinking like end state, like what
you really need to be thinking is I want the average person who's not necessarily web three
native, right?
Like most people in Web3 probably can't even describe the difference between Web1 and Web2,
right?
So we're not trying to solve for educating people on Web3.
We're trying to solve for like creating a token that isn't actually a token, but is
a currency that I hold on my iPhone that I want to actually use to do something on a
day-to-day basis.
And I don't want to think about it as an ETF or an investment or anything of that nature.
I want to use it because it's useful.
That's what you need to solve for.
Good response.
Will, I'll address your question.
TLDR, Popkin's new collection on SWE.
SWE, however you want to call it, some of us call it two different things.
V-A-Y-C, your base kind of same debauchery.
Effectively, the collection, 25,000 packs total.
There's three different packs.
There's obviously gold, there's blue, and there's purple packs.
The rats are probably the rarest popkins in the collection.
And those can only be obtained through being at the NFT NYC last year,
two years ago now, 2023.
And effectively, the mint mechanics of this was the most impressive thing to me at
least in my head the fact that you can mint max mint 20 30 50 whatever it may be and if you don't
open up hopkins by the timeline when it gets revealed you can refund the total amount dollar
wise 200 bucks per pack and and keep the rewards at the same time while actually getting the refund
dollar wise so it is a win-win outcome situation and obviously there is more lore that we can't
touch upon right now but that's pretty much what's happening the mid-time mid-date will be released
um asap obviously cannot say when but it does build off of the the Klanos story Klanotopia as well and we do in
some sense at least I do potentially see more SUI community members
getting involved in the Klanos ecosystem and obviously the whole picture of this
gets involved with the Achievement System which is the one aspect of the
brand of the business that kind of attaches and pulls everything together
so there's a lot coming in the pipeline.
Let's go.
So first of all, Shif, I don't know if you know this, but the way Andrew pronounced sui,
can you tell him how it's actually pronounced?
Because he said sui.
Uh-oh.
Sui.
That's how it's pronounced, guys.
Come on now.
Fix it up, please.
Don't note it on our last show where it's sui,
that it's not sui, it's Sui.
So just to add it there.
But no, thank you, Andrew, for the intro.
Kev, I also...
Oh, yeah, you already pinned it in the show.
So you did a great keynote at Sui Basecamp,
Basecamp, which I recommend everyone to watch because I thought it was like a really good
which I recommend everyone to watch
because I thought it was a really good...
for the people who are in here for the first time and, you know, they're not in the line
of collecting NFTs on screen at the moment.
NFTs on screen at the moment.
What's the process around
doing this on screen versus
dropping another collection on Solana,
Bayes, or Ethereum,
or all the nodes?
I will see a thought process around,
you know, with 3 here.
Oh my god, am I
the only one that was losing whale there? No, no,
I lost him too.
I was like, I'll let him finish.
Well, can you repeat?
Talking about the thought process of going
cross-chain.
Yeah, my
question was, I don't know where I was cut off,
but the question was, why did
go cross-chain? it was even worse this time um shift you know what he's saying you guys have a questionnaire
on the back end maybe i think andrew can already answer this one uh it's like you know why i go to
yeah i think it's like what's the expansion what's the reason for it do you want you want me to take
it or you want to go cab i'll get into sustainable expansion of ip after if you want oh okay i can i can keep shooting i feel like i'm
talking a lot people must be tired of my voice but it's usually you so i'll do it um yeah but
you can make a grizzly purr so i love it okay okay okay um so yeah no the the thought process
actually is i would say deeper than most people probably realize um but it's also very simple
right like one we're not moving right we're all of our existing collections stay on solana like would say deeper than most people probably realize. But it's also very simple, right? Like one,
we're not moving, right? All of our existing collections stay on Solana. Like we totally
understand and not just understand, we are collectors, we are DGens. We want those
collections to stay on Solana for the very reason of what they represent in like the provenance of
that tech layer. We also want to grow Klanosaurs into this sort of massive facing franchise that is retail facing. And much
like I just said on the token stuff, we want those NFTs to also permeate into the real world,
into like people buying them and playing with them and participating in our ecosystem,
not an ecosystem that's distinct from Web3, but is inclusive. It's the same thing, albeit with that tech abstracted way for
the people who don't necessarily want to get into it. Like same thing as I just said. And I think
on a spaces the other day, I said like my father-in-law, like he just wants to click a button
that's like a sideways butterfly. So his phone connects to his car. He doesn't give a flying
F what that thing is or why that works or what tech is involved.
He just wants the Bluetooth to work.
He doesn't even know it's called Bluetooth, right?
Like that's what it needs to be.
So what I'm saying then is like we're expanding into Suite for the tech reasons that we think are super strong, which, and we did a lot of due diligence on this and talked to a lot
of people about it, which are parallel processing in particular means there's no bottlenecks.
There's no latency
when you talk about hundreds of thousands of transactions simultaneously occurring.
People might not know this, but the guys who built Sui or who are building it as well,
they come from Meta, they come from Apple. They were building this blockchain and the programming
language move to solve the very problems that they were expecting to face for a 2 billion user base at Facebook.
So parallel processing is a big thing.
And then security, right?
Like digital collectibles exist today in a retail facing manner that is highly successful.
I think there was a post the other day and I referred to it as well.
It was in the Forbes article that I think we were in.
Like the CS Counter-Strike 2 skin market is $5 billion big. I don't know what
the market cap is of all of NFTs, but that might be bigger or definitely right up there, right?
And that is a digital collectible world where the person buys a skin and does not worry about
security, right? Obviously you've got your passwords and your 2FA. So, and if you get
hacked on that basis, I think everyone in the world now knows like that's on you, like you've got your passwords and your 2FA. So, and if you get hacked on that basis,
I think everyone in the world now knows like that's on you.
Like you've got to protect your passwords, fine.
So the retail facing experience
also is really strong on Sui.
The security is really strong.
Parallel processing means no latency
when you're talking about like really intense
entertainment experiences,
including interactive stuff like gaming.
And then lastly, the very obvious answer of,
you know, it's like probably
the most fast paced growing blockchain in the world right now as an L1. And that's an exciting
thing, right? And I think we want to capture that space and the NFT space in there. We want,
when we talk to people and we're doing our research, a lot of folks who are already sort of suey bullish, like techno forward people who are, you know, leaning suey and putting more of
their assets there, a lot of the feedback we got was like, there's just not that much fun stuff to
do, right? There's like not that many fun things to put our money into or suey into, right? Kind
of like what I was saying on the token before, like if you have that L1 natural resource,
afterwards you're like, oh, well, what else can I buy? Like now that I'm going to hold
this thing, what else can I buy and what can I do with it? There's not a lot over there in Sui at
the moment, relatively speaking, because I don't want to throw shade on the existing projects
there, but which are really great as well, but it's not as saturated as Solana or Ethereum.
And it's definitely growing at a fast pace.
So we're like, well, what a great opportunity for us to expand,
explore new tech at the scale that we're trying to get to
and capture this ever-growing Web3 community
while retaining the provenance and our existing collectibles,
which will all interoperate with everything we build.
So it doesn't affect any of your experiences or anything like that.
So that was the, that was the thinking behind it.
And I think it ticked all the boxes for us.
Well, to add, like when I first got told, like they were going to suey or suey, however
you guys want to call this, we'll eventually get that right.
I almost kind of see blockchain, crypto, kind of like social media in some sense.
I think there's two approaches.
There's like width, and then there's depth. And then there's just kind of initially just kind of like social media in some sense i think there's two approaches there's like a width and then there's there's depth and then there's just kind of initially just kind of depth i think
the clano guys outside looking perspective um have a lot of fucking depth on solana the way that
pudgy does on eth and now obviously on abstract and that you know that down the line eventually
too um i think the best way to go with this is probably with and then go for depth i think
covering surface area and crypto is super super fucking important we obviously know that chain maxis do exist and i think getting as
many as loyalists across chain maxis while being on multi-chain is probably the best angle to go
about this there's been an influx of like people dming nick andrew blake uh micah down there as
well regards to like i'm gonna learn much more to guys you guys are doing uh with the popkins then versus the clano as well it's a lot of like natural drip has occurred but i do
think that crypto blockchain is very similar to social media and like distribution from like
retail chains as well uh surface area with depth uh tackle both approaches in one
well you're muted.
Damn, bro.
Shiv, it's... You and Will back-to-back.
It's that time.
It's that time.
No, no, Will.
We can't hear you, mate.
Jesus.
Let me see what's happening in the back channels
hold up
I can take over I'm the third host up here
nevermind yeah yeah
let's just pretend
whale's not here
if you don't move
exactly right
perfect
shit you know
besides that
I think what's exciting is if you look at the sentiment over the
past couple months it's it's been pretty negative towards a lot of different things it's been
like very critical towards a lot of people who have been building this space for quite some time
to a lot of new initiatives to a lot of new brands and existing brands taking risks going above and beyond. And not up until
recently where we're starting to see that sentiment change for the better. And I'm not even talking
about price action, I'm just talking about how people are, you know, just navigating through
the space. And I think, you know, cleaners doors doing their new min on sui it's exciting stuff
it's exciting stuff and we need more brands to take initiatives and risks and you know
collaborations uh like this to push the needle in our industry forward so i'm pretty excited to see
how the next couple months look for the n space, how people kind of perceive collecting digital collectibles again.
There's a lot of stuff that is pretty exciting to see.
And I think, you know, this is like a few steps towards that.
So I'm looking forward towards it.
In the meantime, Whale, are you back?
No, he's pretty cooked.
He's pretty cooked.
I can't even hear you, mate.
Andrew, I'm going to buzz it back to you um well i guess it's uh my mind shift space now um it is what it is uh it is what it is
nick i believe your mic is off but you're not talking so i'll throw it to you
oh okay well yeah i can talk um yeah a lot of people ask questions on like hey like are we
ready for um an ip expansion for other characters um and what does it mean for clay knows clay knows
will always be that provenant birthright um like master collection it is it is like the flagship
brand it's our toy story and uh the popkins are essentially you know the the companions
within that and we treat them a little bit like arminians characters like we've been really
thoughtful about this we spent over a year building these things it will be by the way like
one of the most complex mints ever done on chain like bar none it's the tech that goes behind this
is absolute bonkers if you thought you know the the original Claynose collection was nuts from a 3D perspective,
this one's off the chain, but on-chain. And basically, we wanted companion-type characters
that we can use in many different mediums that can support their own little sub-brand
activations. Sometimes that can skew a little bit younger but also we wanted to really have like
push that envelope of a pop um like a pop mart type approach or a labubu type approach of really
wanting to collect these things and looking for all the different skews which is something that
we had done so successfully on on clay nose but we really wanted to push the envelope there and
of course this stuff eventually ports all into our achievement system.
I don't know if it's pinned in the spaces, but all that stuff connects for a point system
and for other things like mementos and memory shards that can be rewarded down the line
and that are essentially writing your story on how you exist alongside the brand and your user journey.
From a story perspective, they live with the Klanos.
They populate Klanotopia.
We didn't want that world to just be dinosaurs.
We wanted to bring something fresh, lean a little bit more on fantasy tropes,
and have other opportunities for storytelling rather than just the dinosaurs,
which, again, are the master hero characters,
but there's a lot of fun we can have with it.
I know there's some, like, fun little comics that have been posted around
on Twitter and Discord.
If ever you guys are curious and you're on our Discord,
go inside the Attic channel in the information section,
and that's where I literally just do phone dumps.
Like I will just dump shit we're working on.
It's usually like, you know,
gritty behind the scenes things
that are like unedited and unfiltered.
Sometimes it's concept art, sometimes it's comics,
but a lot of that stuff might kind of show you guys
what's happening behind the scenes
or from a narrative perspective
and all that kind of stuff. And then to answer that question of, are we ready? Well, Claynose is
going at the speed of light. We're announcing that partner end of month, but we have the TV
show that's in full-fledged production right now. We have the Game Loft game that, Knock on Wood,
if everything goes as well as it's going right now, gets released sometime in fall and an alpha coming end of summer.
And we have all the other things that we're working on.
And so Klanos is in a great spot in its early stage IP cycle.
And now was the time to do that, to come out with a new collection. We've never been
an extractive project ever. We've reinvested everything we made into Klaino's. Obviously,
we continue to do that. We mint it at the worst of times for about 10x, sometimes 20x less than
most projects. And we typically run circles around many, many, many projects that are not here today.
Damn, Nick.
Had to throw that out there.
I'm pumped.
It's been a tough year.
Say your shit.
Chest out, Nick. Chest out.
People are too humble in this.
People are too humble.
This is the Luca arc.
He's right too because
Pudgies didn't mint for a crazy amount, or Luca bought the property and then made something with it.
And we feel that way too, where we never had a bubble budget.
We fought how to not just stay, but grow in an ecosystem where that's very difficult to do.
Everything's changing every day.
The metas change every fucking week.
And we're so proud of where we're at right now.
And we're like giga bullish on this expansion to SWE,
this expansion, this expansionary collection
that's trying a new way to mint things
and to bring back the fun to NFTs.
Mint mechanics, Nick.
Pity points.
Did we mention that today?
I don't think we did, right?
The pity points? The pity points. Oh, no,. I don't think we did right the pity points
The pity put oh no, we didn't let's bring it up. Let's bring it up Okay, I'm so bad at explaining this and I ramble and but
Do you want to go for it? Do you want me to go?
Yeah, so the way I understand pity points is if you guys have a whale was talking again folks
Can't hear him
TL jar the pity points for those that are minting on the day that gets set and the next so on, so forth,
whenever that day gets announced, Blake will kill me if we say it.
And you mint, let's say, 20, 30, 40, 50,
and your ratio for minting Popkins, getting them in the pack,
collecting them in the pack is not very good.
You do receive, quote-unquote, pity points.
There's a leaderboard for that.
There will be a leaderboard as well. And effectively the top x percent i think we mentioned it yesterday on the
pity points reward uh we'll get a nick i believe free free clano is that correct nick free clano
bro i feel like andrew i feel like that's so complicated you may what was the math you were
trying to do there for what i okay wait i'll answer the question yeah there'll be a pity leaderboard where there we will distribute og cleaners that we've bought back uh slash have
in the vault for from like actually i think some since mint to be honest so we're going to distribute
those to like the biggest losers on the pity points and to sort of like make what andrew said
i think simpler is when you get a pack you'll either get a popkin or you won't and if you do
if you don't get a popkin you'll still get a Popkin or you won't. And if you do, if you don't get a
Popkin, you'll still get all your money back. So what you spent on your ticket, plus these pity
points and other things inside that pack. So it's our way of making the experience fun, win or lose.
And to Andrew's point, you'll probably, you know, you'll probably buy a whole bunch of them, we hope,
and then some will be winners and some will be losers. So in, you know, the best case scenario,
you get Popkins and, you know,
enough pity points to also maybe get some free stuff
and all the other good things.
Shit, back to you.
I need like 10% of the supply. I'm just saying right now. I need to become a whale
in this collection. It's pretty evident and I'll gladly and humbly accept that allocation.
Don't give it to Loki, I know this guy's hand up. He doesn't deserve it, I do. I do.
But Loki, I'll let you say your shit, what's up?
No, sorry, I just missed the first part when
you guys explain the collection uh what's the supply 25 000.
what this the supply is 25 000 popkins but 650 are rats and then as far as the the booster packs
that we're distributing it's there's no fixed. You just buy for the period of time that they're open. And like we said, you get back, let's say we sell a million packs,
and then we distribute 25,000, just keep the math simple. The vast majority of those packs will get
their money back, plus all those pity points and other fun things. So there's no fixed supply on
the packs. There's a fixed supply of the NFTs, and it's sort of win-win where you can buy as many
packs as you want you know you're going to get your money back if you don't win and if you do win
you get the popcorn
whale
oh no i forgot whale can't talk anyway look i'm gonna wrap this wrap this space up
it's been a good one guys um what a friday what a friday a lot of exciting stuff to come down the
line especially with this month um catch you guys next week appreciate everyone coming by
love good takes a lot of spicy ones too um i'll catch you guys next week take care
