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Thread vs Leap (friendship OVER)
Recorded: Jan. 19, 2024 Duration: 1:00:27Space Recording
Full Transcription
Well, well, well, look what the fucking blockchain dragged in.
Drag guy, what is this tweet that you just said?
Do I read it out loud?
I will try.
Wake the fuck up, you fucking bozo.
We have a space right now.
You're late.
It's a bull market.
We don't have time for shit every second you need to reevaluate in your thesis.
Eat dinner, reevaluate your thesis.
Just had sex.
Look, we both know I know nothing about that.
Re-evaluate your thesis and calling your mom reevaluate your thesis.
Look, I was on a call with the cabal trying to, you know, organize whatever the next cabal meeting is.
But look, did you see this fucking, you texted me about it earlier, this sweep for CryptoPunks.
What the hell is going on?
It's like a $3 million sweep and then a $4 million bid on the, was it the, it's not the alien, it's the other one.
No, it was the alien.
Um, I didn't want to duck my wallets like this, but I guess here we are.
Um, right here, right now, some anonymous character sweeping these JPEGs.
I'll give it up, Leif.
You caught me fucking red handed, dude.
No, but is this the, seriously though, last time when, when the bull market was going crazy, it was, it was led by the run on, on punks.
Is that what we're seeing?
Is that what we're seeing?
Like we're seeing it in real time.
Punks and pudgy.
I'm trying to get the little, uh, the OpenSea Dune dashboard up.
What is this title, Leif?
What the, what is this title?
What, what is going on here?
You should, you guys should have seen the original title.
I'll just tell you what the original title was.
The original title was thread versus leap and then parentheses gone sexual.
And then I figured that it would probably wasn't best for our potential future sponsorships and business relationships to, to, to have that word in the, in the title.
So I, I switched it to this.
Um, yeah, uh, rug radio HR called me when you made that title, actually.
Okay.
All right.
Shout out to, shout out to HR.
Um, okay.
But seriously though, we are seeing this run in real time.
We saw pudgies go crazy yesterday, 20 ETH.
And then now the fucking punks, we're seeing millions of dollars of sweeps.
And it's not the first one.
There was another sweep earlier this week.
I think it was a little bit smaller.
And now these, these massive offers on the grails dude.
And especially with the pudgies yesterday, somebody bought three pudgies, golden pudgies, 50 ETH a piece.
It's when people start to buy grails and we're moving away from just the blur games, floor games.
To me, that is one of the biggest indicators that we are seeing like a resurgence in this NFT market.
And I'm fucking pissed at the timeline and the community for convincing me that NFTs were dead three weeks ago, including you.
Go, we looked at your title.
Oh, fuck that.
Fuck that.
Go look at your title.
Hold on.
I, what, I'm about to pull some old tweets.
Cause I, here's the thing about me leave.
Here's the thing.
We might be different in this fashion.
When I bring the heat, I bring the fucking receipts.
So I'm about to pull some receipts.
But what are you yapping about right now?
What do you mean the receipts?
I go look, I, everybody go to any of these like spaces, indexers, whatever, and go look at threads titles for the past month.
Like if you have two weeks ago, it's basically NFTs are dead.
ETH is dead.
NFTs are over.
Web three is ruined.
Crypto died.
Like you convinced me and I was about to quit thread.
I, I don't know.
I don't know.
I mean, your title for today is thread verse leap gone sexual in all caps.
Um, you know, my mom listens to these spaces too.
Anyway, hopefully my mic is okay.
Yeah.
So does mine, dude.
Shout out to the moms.
Um, all right, here's my tweet though.
Here's my tweet.
Um, all right.
I don't want to say like, uh, um, I called the ETH.
Everyone knew ETH NFTs were going to be back.
So now I'm like, I'm like some fucking visionary by any stretch of the mean, but on, on December 16th, 2023, I tweeted ETH.
Uh, is this the right tweet?
Yeah.
ETH is a crypto punching bag right now.
Soul community is dancing on its grave.
The ETH community wishes they were soul.
Pepe bag holders in parentheses.
Lee watching bonk knock off zeros.
And if he bag holders sideline watching JPEGs on soul run a few more bottle bottom signals.
It's time for the ETH ecosystem to fucking rip.
Totally rescind my Pepe take.
That's what it is.
Not.
I don't know how I feel about that.
Sold the bag.
I have zero Pepe exposure, but everything else gang, everything else.
Lee, we're starting to look up a little bit.
What the hell happened to the Pepe thing is weird too, because all of a sudden you have a couple of Solana coins running thousand X in a day.
And people just forgot about Pepe.
But, and which makes me think thread also that everyone who's like, Oh, there's a narrative.
There's a narrative.
Dude.
Fuck the narrative because your narrative changes every other week.
This goes back to what you were saying in your, uh, in your space earlier today about the narrative, bro.
A narrative needs to exist for more than two minutes.
I, and like, like you look at Pepe, every single person, bull posting Pepe saying that this is the next one.
This is the culture coin.
This is true from the community.
It's not like ship ship is the old guard.
Doge is the old guard.
Only boomers buy that shit.
Pepe is for the new people.
And then now nobody talks about Pepe.
The same thing.
All right.
To be fair.
Yeah.
You're like how, okay.
Part of what you said is true.
Like the narrative does have to have to last longer than like two minutes for it to be a thing.
But like, to be fair, Pepe was literally programmed if the, quote unquote founders and fuck it up.
Right.
We didn't have this like multi-sig and the funds are moving.
Like if there wasn't like utter panic cause from the top, like that shit was programmed.
Right.
So it was like, I hear what you're saying a hundred percent.
And honestly, some of these shit coin narratives are ridiculous.
We didn't get into a whole conversation about that.
But I do not like culture vulturing some meme that already exists, launching it as a token, like claiming it's the one.
But like, to be fair, in that example, like I sold when fucking multi-sig started moving around.
Founders started acting weird.
Like, I kind of feel like it was programmed if that shit didn't happen.
Do you think the Milady's narrative is ruined?
Because they had a very similar situation.
All right.
I always say this privately.
Maybe it's not the best thing to say publicly.
But all right.
Do you disagree with me?
Audience as well.
Thumbs up, thumbs down.
Do you disagree?
Milady is washed.
Like, compared to 21, 22, Milady's washed in 2024.
Thoughts?
Do you know what it is?
Is all the people that made Milady's what it was, which was this, frankly, like, highly incel-driven, fucking, like, super, super extremist, radicalized, like, self-cancellation network spirituality group, which, by the way, has its own merits.
What do you know about network spirituality leads?
No, I've been sleeping with a floppy disk under my pillow for the past four years.
Anyway, look, the point is, I think the community that made Milady's what it was is just not there anymore because their bags pumped, like, four or five each apiece, and these people sold, which they should.
Should sell.
Sorry, you don't have to raise your hand.
It's literally only two of us.
All right.
This is my take.
I know.
I know.
It's actually so nice.
I don't have to fucking, like, look at people spamming me emojis to get on.
I don't have to look at any of that shit.
It actually, like, brings pure joy to my heart.
Here's my actual take.
I think Milady is definitely one of the most impactful NFTs that's launched.
Like, by far.
Like, it is sort of in the S tier as far as impact goes.
Like, not even close.
No questions about it.
I think it's sort of a similar thing played out, though, what we see with, like, Bored Apes or anything in culture.
Like, it's counterculture.
It's niche.
It's punk.
It's, like, rogue.
It's against the grain.
It's small.
And, like, if you know, you know.
Then it gets bigger.
Then it gets bigger.
Then it gets bigger.
Elon Musk is tweeting, there is no meme.
I love you.
And, like, Jimmy Fallon and Steph Curry are rocking a Bored Ape.
And then it's, like, it's no longer me, cool, counterculture.
Because it's, like, all right.
Yes, it was, like, $100, $1,000, $500, whatever.
When it was, like, your thing.
It does a 10X, 20X.
And all of a sudden, I mean, it happened to Milady.
It happened to Bored Apes.
Definitely.
All of a sudden, it's, like, 20, 30, 40 ETH.
And the people, the buyers who are coming in at 20, 30, 40, 50 ETH are not the people that made the culture.
It is not.
And those people just, like, move on.
They move on to the next thing and make the next thing cool.
They move on to the next thing and make the next thing cool.
I sort of feel like the same.
Like, all right.
That's why with someone, I don't want to talk too much about my ladies.
I'm scared of them, like, genuinely.
But that's why when, like, some of the, they try to, like, gatekeep some of the culture.
And I'm like, bro, Elon Musk tweeted, like, the biggest influencer in the history of the world is tweeting about you all.
Like, it's sort of hard to call it counter once it reaches that level.
Like, am I crazy before I get cursed on the stage forever?
Well, look, then.
Basically, what you're saying is the same thing is going to happen to Pudgies then.
That Pudgies, the community that made them what they were, when this thing runs 20, 30, 40 ETH, whatever it is, those MFs sell, the big bags come in, and it's a completely different group of people.
Now, I mean, do you think that, because, like, honestly, it could happen.
It happened to fucking Bored Apes.
It happened to a lot of these other communities.
I mean, it happened in, like, 8K, like, security camera in every corner.
Like, Kai Sanat, 30-day fucking subathon with a camera in the bathroom with Bored Apes.
Like, we watched it in real time.
I mean, it has to happen to Pudgie, too.
It's not necessarily a bad thing.
Like, it isn't, like, inherently bad that that happens, but it's just, like, it's sort of the progression.
Like, the people that are, like, buying Pudgie and saying, I am my Pudgie, my Pudgie is me at 30 ETH are not the people that were doing it at .5 ETH.
Not the people that were buying it when Cole Ethereum was the founder.
I guess he's still technically it.
Is he still technically the founder?
I was thinking about that the other day.
Is Luca, like, I feel like Luca should be considered a founder because the project is completely, I mean, it's fundamentally different than what it was when he took over.
But Cole technically did found it, so.
Okay, how do you feel about this?
Because every time, I saw Beanie and Cole were fighting over the timeline.
And Cole, like, made some comment to Beanie, like, talked some shit, whatever.
And Beanie's like, he's like, shut the fuck up, Cole.
You're so lucky Luca saved your ass.
You're so lucky Luca bailed you.
Like, you have to just, like, get that insult for the rest of your life for entirety.
Like, is it even an insult or is it, like, a backhanded compliment?
I mean, look, I think exits are cool.
I think if you can build something and exit in the right way, that is something to be able.
And it is applauded in Web 2.
Like, you look at some of these Web 2 influencers, whatever, just, like, people who have been in the space for a while and they're on Twitter.
And you look in their bio and it's, like, six-time exits and they, like, list five different, eight different companies, whatever.
It's something that people strive for in that industry.
But in crypto, it's like if you exit, this is what it comes to.
Remember we were talking about the other day, Thread?
When you break up in a relationship, whether it's, like, dating somebody or a friendship or just a business thing, you have to leave it on the right way.
I was talking about in your space earlier tonight about the inception of a project needs to be pure for it to be successful.
And I also feel when it comes to exits, the exit has to be pure.
And I think, unfortunately, with Cole, and this is, like, I mean it respectfully, I just don't think they exited on great terms.
I mean, the community ousted him.
Like, bro, they really paid 500 ETH and were like, go fuck off to Cancun and never talk about our IP again.
But is this what happened to Beanie, though?
Beanie was pushed out at the top.
Like, wasn't it the same thing?
I feel like they both kind of experienced the same thing in their fighting.
I feel like Beanie was pushed out at the top and Cole was pushed out at the bottom.
Like, bro, I don't remember exactly how it went down, but there was, like, a poll in Discord.
It was, like, should Cole Ethereum, like, a team announcement, should Cole, like, give over, try to sell the project?
And it was, like, a resounding yes.
Like, a 98 to 2 kind of yes.
Wait, so why did they, did they push him out just because floor price was down?
I don't even think the floor price, I mean, it was still a couple ETH at the time, I thought.
Do you know why they, I've never even talked to Cole, to be honest, I don't know.
I met him, he was at, um, he's cool, I actually like him, he's cool.
I met him in, uh, hey, actually, speaking of Cole, we actually talked to him on Space one time.
People forget about my fucking pickle.
That has to be, like, one of the first fucking meme NFTs that's ever dropped.
Like, by far, one of the first just, like, straight up left-curve meme, which also shilled by every, every MF that was here in 2021 knows the pickles, bro.
Like, I, all right, I don't want to, I don't want to let the V word on it, Alif.
Are those visionary characteristics?
I was, I was about to say the same, I honestly, okay, I was just saying it here, like, people might not like it, but I think Cole was a massive visionary and an innovator.
Like, clearly the things that he did have a standing, uh, effect on the culture.
Like, whether or not, like, he wasn't able to lead Pudgy Penguins to the future of fucking, you know, the Yellow Brick Road to whatever.
Like, he still created it, and the pickles, so I wasn't there in 2021, but tell me if this is true.
Wasn't there a thing where you had, you could only mint by being in the Discord and spamming the space button?
Wasn't that a thing when people were trying to get, like, a golden pickle?
I don't know, low-key.
I'm getting thumbs up.
I don't know.
I didn't mint any, but I just remember, like, being there, wide-eyed, no idea what was happening while it was going on.
I, BD, 100%, was, was chilling the pickles hard, too.
He, hey, BD wants to, he 100% was chilling the pickles back in the day as well.
I'm about to pull some tweets.
Wait, someone just DM'd me, said they're sweeping pickles.
You guys, you guys need to, you need to chill.
Hey, imagine, though, imagine, like, the Luka thing's funny, too, because it's like, all right, imagine you're Cole, like, you dropped this collection, early days, NFTs.
Remember, they got, like, the Time Magazine piece.
It was hype.
Got all the CT people in.
Like, one of the early PFPs is hype.
All things considered, did a pretty good job.
Like, just, like, comparing to how every other collection played out.
Like, did a fine job.
Did okay.
And then it just, like, fucking, like, in 2024, like, NFT Messiah, like, comes through.
Like, just, like, changes the trajectory, this thing, like, 180.
And now every time you compliment Luka, you have to be like, like, thank God he saved his collection from Cole.
Like, it's like, I don't know.
It's kind of a tough spot to be in, you know?
Do you think there's a skill, though, in choosing who to sell the project to?
Like, I'm sure, there's no way it was just Luka.
Beanie made an offer.
Beanie made a, I don't know how real it was, but Beanie tweeted, 500 ETH, public offer right now to Cole Ethereum for the project.
So, okay, so, I'm just saying.
Hey, is the floor price today higher or lower if Beanie took the project over?
That's a great tweet, actually.
That's a great poll.
I don't think, so I think Beanie is pretty smart.
But I don't know if he would have put the same, like, level of thought and care that Luka.
I mean, Luka is just, like, all in on this thing.
Like, this is his life.
And the team.
You know, all these guys, like, they breathe, bleed pudgy penguins, which is also, like, a really crazy sentence to say to someone who's not in Web3.
We have just, like, a bunch of adults LARPing as chubby penguins on the internet.
And they're all making more money than anybody else.
It's, I don't know.
I mean, do you think he would have saved the project?
Do you think he could have saved the project?
No way.
I think the project would have done well.
It wouldn't be 20 ETH right now.
I think it would have done fine.
And we would still be talking about it.
It would be relevant.
It would probably, you know, be higher than Pixel Vault.
It'd be higher than Meta Heroes.
I could say that, I think, confidently.
But I do.
There's no fucking chance it's at 20 ETH right now.
Because, like, the toy physical manufacturing side, that's, like, Luca's game.
You know what I'm saying?
It's just, like, there's no way that would have been the vertical, in my opinion, that we went down.
And I think we are here because that is the vertical, if that makes any sense.
Do you think the – I think we were talking about this the other day.
So Pudgy's the other, like, 18, 19, 20 ETH.
It's incredible to see.
They absolutely deserve it.
But I actually think that the potential for a project to run to that point is much more accessible than what people think.
And maybe this is a crazy take because I'm not an NFT founder and whatever.
So just take it with a grain of salt.
But I just think the bar is so fucking low in this industry that the first project to really come out and, like, make revenue and make money and do it publicly and support the holders and, like, do all the things that people have just been screaming for for day one.
That is the project that now people are championing in Pudgy Penguins.
And I think if other – like, here's a question for you.
Do you think D-Gods could have been in the position that Pudgy Penguins are right now?
I love – and I love Frank and I love the D-Gods.
I think that goes without saying.
But do you think they could have got to this point if season three was what it was supposed to be?
Well, here's my backhanded question to you.
It's like what was season three supposed to be that would live up to what the expectations were?
That's – yeah, that's a good question.
Like, I don't know.
I mean, here's the thing.
There was – that is a great question.
I think if they had just done the rollout properly or if it wasn't delays and this and that, people wouldn't have had such a, like, repulsive reaction to what it was.
Because I agree with you, settlement will be better.
But let's be – let's just, like, be real on this.
It's, like, the difference between two to three rollouts being on time versus delayed is not the difference in, like, 15 each floor price, 10 each, 8, 7, 5 to 10 each difference in floor price.
Like, there's, like, no way am I – it definitely could play a role and it could be one of these things where it's, like, the tipping point of the, like, avalanche for sure spirals down into other things that go into other things that go into other things.
But there's no possible way.
Like, it's sort of, in my opinion, like, you either, like, like the fundamental product or you don't.
And the difference in, like, yes, the delay shit was annoying.
Do not get me wrong.
It got really old really quick as we probably imagined it would.
But I can't really be convinced that the difference in, like, rescinding two delays saves, like, 6, 7, 8 and floor price.
That seems – that seems like a bold take to me.
Dude, I – I know it seems crazy.
But I think if the rollout was done with the amount of Riz that some of their other rollouts have been, dude, I really think these – they were 10 ETH, bro.
Like, they had so much momentum.
There was a ton of volume being traded every day.
And it was make or break.
Like, if that announcement, if that release was fire, these shits would have been 20, 30 ETH.
Every single person that's – and here's the thing.
A lot of people are shitting on them now.
But people wanted them to win.
Pre-season three, people were really on the timeline.
Like, D-God's about to flip board apes.
D-God's are going to be the number one project.
So on and so forth.
And I don't know, dude.
Either people switched up or they're just disappointed.
But the question is, what could they have released that would have satisfied people?
Hey, I got one for you.
First of all, I pinned the tweet to the top.
Would Pudgy Penguin's floor price be higher or lower today if Beanie Maxey bought the project instead of Luka?
Tag the motherfucker as well.
So if it's a resounding no, make sure to express that in the poll.
Hey, here's one for you, Leap.
Talking about the bar is low.
Think about this.
Because it is low.
Think about this.
Is crypto undeads – I mean, come on.
We have to talk about it a little bit.
Crypto undeads.
Let's, like, peel back the layers and look at what they – like, what do they really do?
What do they really do?
Threw up a placeholder graveyard pixel art, right?
Threw up a placeholder PFP.
Went out, gave out whitelist spots to, like, 20-ish popular projects.
Badago, Rug Radio, Zeneca, whoever.
Pudgy Penguins, whoever.
Gave out whitelist spots to projects.
Gave out whitelist paid mints to, like, 20, 30, 40, 50 influencers.
And made, like, 10 tweets from the account about how it's, like, next Punk to Salon.
A couple, like, cryptic tweets about how it's the next blank.
All – think about it.
Placeholder art.
Give free ones to, like, 10 popular projects.
Give paid ones to, like, 50 influencers.
Make 10 tweets.
And have a $2,500 floor price without revealing a single piece of art.
Think about that, bro.
Does that not make you – I don't know what that makes me want to do, but think about – like, actually, like, think about that.
Those were the steps.
Five things.
How – I mean, what do you think about that?
One, you should outline those five things in a tweet.
I mean, okay, this is – people are not going to like this take.
But I actually think the rollout outside of maybe the art – actually, fuck it.
I think the whole rollout was actually done really well.
And, like, yeah, people are disappointed because they don't like the art or whatever.
But Azuki Elementals, which is, in my opinion, some of the best profile picture art that we've seen in the space.
I don't care.
And I don't give a fuck if it's close to the original or near identical for some people.
It's still some of the best art in the space.
And Azuki's tanked fucking 60%, 70% after the launch of it.
Like, everyone was hating on it.
And then the team had to do some, like, haphazard fucking we're going to switch the background sort of thing, which they ended up not even doing.
It literally does not matter what the art was.
Dude, what were you telling me when I was at your house the other day that it either has to be full left curb or it's not going to work?
That was my – I can read you my fucking tweet about – that's what I said.
I'm like, all right, look.
It's like – and we're talking about this today in the space.
It's like, all right, you have literally max expectations, like balls to the walls, dick on the table.
So both balls on the table, expectations right now.
And no one has seen anything, right?
So it's sort of like – honestly, in the same light of the season three thing, it's like, what could you possibly give somebody to please their 10 out of 10 expectations, which they also don't know what they want?
It's like you have something that – someone that wants the world, but they have no idea what that practically looks like, right?
So it's like, all right, the way I sort of see it – and again, I'm not an artist.
I'm not an art critic.
I don't even know what the fucking art critic is, actually.
How do you even get that job?
Like, what is that?
It's kind of ridiculous.
However, I said this in a space this morning.
I'm like, bro, like, God themselves could come down, hand draw all the fucking crypto undeads art on a Twitch stream, and people would still be disappointed.
Because, like, they don't even know what they want.
So my take on it was the only way to, like, match – not to meet expectations, but to match the energy of the pre-men hype is to drop the most left-curved, low-effort, like, redacted mean.
Because I think, like, the memetic power is the only, like, force that could match the pre-height.
I'm not saying it would match expectations.
I'm not saying people would be satisfied.
But I'm saying the, like, response and the energy, like, the aura around it is the closest thing you could get to, like, balls to the fucking walls, 10 out of 10 hype, pre-men expectations.
And what I said in the tweet was, like, they're probably going to try to do as high fidelity as possible because that's what you think that the people want.
It's going to miss the mark because it always misses the mark, and then it lands somewhere in the mid-curve.
And I think that's what happened.
The art's, like, decent.
The art's pretty good.
I mean, it's, like, not bad.
I don't look at it.
Like, it isn't, like, Pixelmon Kevin, but Pixelmon Kevin turned out to be a dub.
Like, it isn't bad art.
Again, I'm not an art critic.
I don't know what that means.
But it doesn't, like, it doesn't change anything.
It doesn't, like, change the way you, like, think or the way you feel or anything.
Like, we'll talk about it for a couple more days because it's hot.
And then I'm going to be honest.
We probably never talk about crypto undeads again.
Genuinely, we probably never talk about them again in, like, a week because why would we unless they had some, you know, crazy tricks up their sleeve?
However, if they rolled out Bitcoin puppets after all this hype, all these expectations, and they dropped 10K, like, generative MFers, I promise you we are still talking about that collection in a week, in two weeks, in three weeks.
Like, that's kind of how I look at it.
It's, like, the only way to match that energy, fuck the expectations, but the energy is the most full-blown redacted autist, like, left-curve PFP you could roll out.
And they didn't do it.
I mean, what do you think?
Am I crazy?
Do you remember the best sushi you've ever eaten?
Like, the best.
I mean, high-key.
Yeah, like, fuck yeah.
Do you remember the worst sushi?
Like, you ate it.
It was so fucking gross.
You just cannot forget about it.
I mean, that you remember, too.
You never go back, gang.
Well, look.
They're, like, you know what we went to?
I think it was in Miami.
We went to that place and ate sushi.
It was, like, okay.
But I'll never think about that.
It was, like, fine.
It wasn't bad.
It wasn't great.
But I'll never think about it again.
And I think, and I mean this respectfully, because I don't think the art is necessarily
bad.
I don't think that at all.
But it's just not impactful enough to me personally.
And maybe I'm wrong.
And look, art, you're talking about art critics.
Just hit up Envy.
But art changes.
Like, it's subjective.
And over time, you start to feel different ways about it.
So maybe in, like, a week or two, I'll look at crypto undeads and I'll say, hey, these are
kind of cool.
And one of the one-of-ones sold today for, I think, $14,000, $15,000.
And the floor is, like, $600.
So clearly, people want to collect the grails, which is an interesting metric.
But here's my question about the art.
I texted this to you, and Thread can vouch for this, instantly when the art revealed.
And I said, Bunjil did this art.
Did you know who Bunjil was at the time?
Oh, is that Boonjil?
I thought his name was Boonjil.
No, it's Bunjil.
I do.
Yeah, I do know that.
I met her, of course.
Actually, you did text me that fast, too.
I mean, it was, like, a minute after it revealed.
And I think that that caused a little bit of drama, too.
I mean, I said this last night.
Actually, I'll ask you before I get my tape.
Do you think it's weird for an artist of another collection to either do the art or
heavily work on the art of another collection that they have no connection to?
Like, how do you feel about that?
I don't think it's – all right.
And I know it, like, things, like, ended weird with Bro on Solana.
I love it.
I don't know if I love it.
I personally – I like it, though.
Like, I'm not against it in any form or way.
I also feel like – what's the name of his old collection?
So it's Lotus Gang and Lily.
Bet.
Definitely Lily I know.
I'm not sure if I know Lotus Gang.
Lotus Gang is the original collection he did, but it's Pixel.
So the people are comparing it to Lily, but go fucking compare it to Lotus Gang.
Lotus Gang is actually Pixel.
They look very close.
I mean, it's like, look – I think Bro's a talented artist.
I think people have, like, liked his art in the past.
I don't think the art was, like, the bottleneck with any of the prior collections.
So it's like, bro, if you got an opportunity, go take – because here's the thing.
It's like, Undeads, whatever you think about it, like it, whatever, it did have all the
attention for a couple weeks in this space.
Honestly, it's not going to go on much longer, in my opinion.
But it's, like, it's kind of a sick opportunity.
He probably made a bag.
Like, they made a bag.
He probably made a bag.
It's like, why not?
You know what I mean?
I mean, that's how – I said this last night in my space.
Bunjil is a sick artist.
Like, I think his art is – he's so good at art.
Really has interesting character design.
And his – and this is what I think it was, is I think they really underestimated how impactful
and recognizable his style is.
Because even in the space they did with Eddie, when Dala was up with Eddie, he – Dala mentioned
on stage, he's like, yeah, there was, like, some people who helped us with the art, but
for the sake of their privacy, we're not going to tell anybody who they are.
But five minutes prior to him even saying that, Bunjil actually tweeted out that he had
worked on the art.
Because everybody knew, HGE tagged Bunjil and was like, did you fucking – you know,
is this your new collection?
What was HGE doing?
Dude, I saw a screenshot from, like, early – it was, like, when D-Gods were 500 sold,
600 sold, and I saw ABC on the Solana charts at, like, 180.
Dude, ABC was, like, 200 sold at one point.
It was honestly unreal.
But in regards to Bunjil, look, I think he's an artist.
Artists make money by creating art and selling their art.
That's what they do.
And, like, I understand people's frustrations when it comes to, like, Lily or Lotus Gank
or whatever.
But I don't think he did anything wrong by helping with the art on another collection.
He's an artist.
He creates art.
This is what he does.
And he's really good at it.
So that's my opinion there.
But, yeah, with HGE, what did happen to ABC?
They were, like, 200 sold apiece.
It was all the rage.
I completely missed that boat.
I did, too.
I kind of liked it.
But that – okay.
Like, if Undeads revealed ABC art, that shit is, like, 30 sold right now.
Like, it is.
It is.
It fucking is.
Like, that was the thing about the ABCs, I feel like.
I feel like they were one of the first, like, the non-royalties, super left-curved
that.
They didn't have any lore.
Like, I couldn't tell you a single thing about it.
They had no lore.
There's no story.
If they revealed ABCs, that shit is 30 sold right now.
Am I crazy?
I don't know if you're crazy.
The thing with – so ABCs, the same style in terms of, like, this crudely drawn, almost
reminiscent of childhood-like style that the puppets exuberate.
And then also, the art that I did that I sent you over text today that I showed you the
other day, too.
Like, that's the same thing.
People actually genuinely love that stuff.
Wait.
What was that that you said?
The bunnies, dude.
The fucking bunnies.
And what are those?
Bro, they're not being released.
Okay, for the record, over the past couple days, I've been wanting to learn how layers
would – like, we talk about NFTs every day.
And I'm like, I don't actually know how these MFers make the art.
Like, I understand they draw it, but, like, how do the layers work?
How does the generative aspect work?
How can I continue to talk about NFTs if I don't know how this works?
So I was like, fuck it.
Let me see if I can do it myself.
So I did, like – not a collection, but I fucking, like, drew some shit and, like,
did the layers.
Just to understand how it works.
This is why you're asking me for help with rollouts and how did you roll out last week?
Oh, my God.
Oh, my God.
I was actually going to post them today just, like, as a joke.
But anyway, look, if the art is too technical, if the art is trying way too – it's like
mute – it's – okay, this is what it is.
You know when, like, a rapper is, like, spiritual, lyrical, individual with the mystical – like,
they're just going absolutely crazy, like, trying to be as technical as possible?
That does not perform as well as, like, Lil Pump just saying –
Skitty, yeet!
Have you seen me?
Are you trying to say what's up?
Skitty, yeet!
But that's – it's the same thing.
It's literally the same thing.
If you try way too hard – dude, what were we saying about the meme coins the other day?
That, like, certain meme coins that did really well did not have to try to do really well.
Like, they just did well.
Like, of course, there's some shit behind the scenes with all these things.
But for the most part, public facing, the ones that are doing really well are just community-driven,
people creating content.
Like, it's just working organically.
And the meme coins that are out here, like, trying to run it like a business, those typically
don't do well.
All right, wait.
Hold up.
Hold up.
I want to touch on that date.
I'm starting to just, like, get the thought here, though, that it's just, like, everything
in 2024 only works if it's left curve music or, like, every – is that bad?
Like, is that –
I said this last night.
When did we start saying left curve, middle curve?
I don't even know what it means.
Like, we just – I think I know what it means.
If you don't know what it means, they're either somewhere far left or in the middle
somewhere.
I'm not sure.
Okay, okay.
It's definitely happening with the music.
Like, every time fucking, like, Cross puts Yeet on it, I'm a Yeet fan.
It's just like, bro.
It's like, bro.
Like, it cranks and I'm down to –
But it is fucking funny.
Also, on the meme coin thing, I think you're still right.
It's like, all right.
Like, was fucking, like, DozeCoin out here, like, selling merch to holders and shit?
And, like, was, like, DozeCoin, like, adding utility to their collection and, like, actively
trying to, like, get listed and all the – like, is merch going to pump your fucking
FDV on a meme coin?
I mean, like, I actually hate that meta.
I hate that meta.
And I think that's the most – like, the most – I don't want to know who the team
is, actually.
I do not want to know who the team is.
I don't want you, like, drop – like, are you buying meme coin merch?
I don't know, Leap.
So, okay.
I'll say this.
You just said you don't want to know who the team is.
It's crazy how we've shifted so many – at least even me personally, like, shifted so many
times the way I think about this.
2021, 2022 was, like, dude, you need to be doxxed because, like, all these fuckers are
scammers.
They're going to take your money and we need to know who they are.
Like, we just need to know who this person is that's running this project so that we can
actually trust them.
But 2023, that started to change.
Now, this might be a hot take, but I'm all for an undoxed, like, developer, project founder,
whatever, because at the end of the day, being doxxed is not going to stop somebody from
rugging you.
Like, do you think that changes anything?
Let's say you get rugged and you spent $5,000 on a fucking NFT.
Are you telling me you're going to go to – even if they're doxxed, you're going to
go to court, get lawyers, do all this stuff to get your $5,000 back?
I don't even – do you think it matters if your doxxed are undoxed?
To an extent.
Like, okay.
I just got, like, levels to it.
Like, I just got a – I just got a notification from CL, the cat.
Like, undoxed, to my knowledge, but super – like, there are many undoxed or pseudonymous
characters on CT that are, like, a thousand times more reputable than, like, doxxed characters.
I mean, I'm not going to, like, call people out, but there are, like – there are, like,
4K scammer characters on CT who I, like, know their face and have, like, seen them
at events.
You know what I'm saying?
So I think it's, like – I think there's, like, levels to it with the pseudonym and the
pseudonymous characters.
It's, like – like, I think someone who's done a great job of it is, like, Bord Elon,
who's, like, all right.
He's a non, like, actually a non.
I think he's met some people higher or whatever.
But he's, like, been on that Bord Elon account for, like, literally 10 years.
Been active on CT, on calls with people, on spaces, giving his thoughts in public, whatever,
for, like, multiple three, four years.
Super involved in, like, the Opepe.
Like, just, like, super involved.
He's there.
He's around.
You hear from him.
You hear your takes.
Like, if Bord Elon were to drop a collection, I would mint it and I would not even hesitate.
I'm, like, oh, I've never seen his face.
You know what I mean?
Like, I think there's, like, levels to it, but I actually think there are many, like, a non –
why is it pseudonym?
Like, why is it that word so hard to pronounce?
Characters that are, like, much more reputable than people who are fully doxxed in public,
9, 8, 10K for you to see with your own eyes, which is kind of interesting.
Well, look at D-God's pre-Frank doxx.
Do you think there was a different vibe there that just –
it's, like, a tangible thing that felt –
it's, like, this mysterious figure, all these different things.
Like, there's something there.
Now, I do think inevitably you have to doxx.
Like, inevitably it's got to come, especially if you want to do, like, a lot of conferences
or speaking engagements and stuff.
Like, it's hard to walk around in a mask all the time.
But there is something – there is something to be said there.
All right.
I got a question for you because we talked about it earlier.
I've been thinking about it actually for three days now.
This little quote, which I read to you, like, nine times in the last fucking three days.
Here it is.
We live in a world of content, not a world of truth and fundamentals, whatever that even means.
I mean, where are we at with this take, Leap?
Is it – because this comes back to, like, what I was saying earlier today with the fucking undeads,
with the puppets, all these collections.
That is really just, like – like, we were saying node monkeys versus, like, undeads.
And I basically was just like, all right, take the blockchain aside, the ordinals aside.
Take everything aside.
And, like, the only difference between one having a really positive narrative and sentiment
versus the other on the complete opposite end is one community is just, like, better at spinning up a narrative than the other.
It's like – there's, like – there's no tech involved.
There's no utility, there's no roadmap.
Also, the node monkey founder was, like, called out, like, 19 times in a day for scamming this and harassing it.
It's like every negative thing could have happened.
It held up just fine.
The fucking take is so interesting.
It's a CL take from the Eagle Capital writings, which we should be gatekeeping low-key.
Those are so – those are so good.
We got to gatekeep those.
I'm not going to lie.
But it, like, really just, like, comes down, at least in my head, how I've been thinking about it.
It, like, comes down to one community is, like, better at selling you a dream than the other.
It's, like, part of the reason I think Frank is – he's just, like, a – he's a storyteller.
Like, what he fucking does is why people get so fired up, like, so behind him are down to, like, support anything he does.
Because he fucking makes you believe in it, right?
He, like, tells – the narrative is just better.
And they've just, like, spun up better narratives than the other.
Therefore, we on CT – or a bunch of sheep, let's be honest.
Like, I'm not sure I've ever had an original thought ever.
So you just, like, latch on to other people's original thoughts and ones that you can get behind.
And you usually, like – if you trust someone's thoughts in the past, you usually trust their thoughts in the future.
And it was, like, objectively better at telling stories.
What are your thoughts on that?
Is that just, like, two left?
Like, what do you think?
Like, so I completely forgot about – like, it was, like, a day or two where the Node Monkey's founder was being ousted for, like, being Don Corleone, Mafia Lord.
And I was the one firing him because they didn't send me the honoree.
I was the one pushing it.
Like, what happened?
Dude, I heard some crazy shit.
Like, he's, like, blackmailing people, like, threatening.
And, like, dude, I heard some crazy – I don't want to say everything I've heard.
I heard some crazy shit.
But nobody cares.
Like, every single thing that you heard.
Is this – is this case recorded?
Like, the point is, is it went away because people's bags went up.
And that's why whenever somebody – whenever somebody says, like, it's about, like – I just think people are, like, bullshitting with a lot of, like – it's, like, all virtue signaling.
People don't give a fuck.
We say this all the time.
People don't give a fuck if their bags are going up.
And that is a perfect example with no – friend, you don't have to raise your hand.
No, because I want to cut you off.
And I'm just letting you know I have a point.
Go ahead.
No, no.
Cut me off.
No, no.
Go ahead.
Trust me.
I trust you.
No, no.
You hang up first.
Like, please hang up first.
I was riffing, and I didn't know where I was going with that.
Okay.
Here's the one thing I'll say.
When I see some shit like that in this – even in this conversation, like, content is king, fundamentals, nobody gives a fuck.
I feel like, objectively, it makes me just feel like, like, yo, I – it gives me the masculine urge to want to launch a PFP collection, okay?
Like, there I said it.
It makes me want to fucking launch a PFP collection.
I said it.
Are you happy?
Whereas, like, I – I mean, we've had a ton.
I mean, we've had literally unlimited ideas for, like, launch this or do this or drop this or whatever it is.
Like, we've – I mean, we've – how many times have we called Blau to, like, pitch some, like, pitch deck idea?
Like, 30-plus.
Seriously, 30-plus.
Unlimited amounts of times.
And there's all these, like – a lot of the times, scope creep and the ideas get extravagant, whatever.
And it always, like, comes down to, like – I hear this so much.
Like, ah, like, you haven't built anything before.
Like, this is, like, too much.
You haven't built – you've never built a business, so, like, you can't do it now.
And I'm just like, yo, all right.
If – what it comes down to across the board here with most of these NFT collections is how fucking well you can tell a story,
how much attention you can get onto a thing or an idea or any, like, chasm or whatever.
And can you inspire people to want to be a part of the thing you want to be a part of?
I'm like, bro.
Like, it's almost like, why have we not done it?
You know what I'm saying?
And it's not – I'm not killing my project.
Like, I don't even know where I'm going with this take.
But it's just like I see some shit like crypto undeads and what they were able to do off literally nothing,
no substance other than hype, attention, and playing the Twitter game.
Because this is what it is, right?
They played CT well.
Salah did a good job.
And we've seen it a hundred times.
We've seen the playbook.
We know the playbook.
But he took a formula that works.
He fucking hit it hard.
Didn't make any mistakes.
Hit the right people.
Hit the right points.
And just, like, it got him this far.
But, like, imagine if you had that energy and just, like, the aura surrounding undeads.
You actually nailed the art.
You dropped Bitcoin puppets.
That's my litmus test now.
You dropped Bitcoin puppets.
It's my fucking example.
And you have someone, like, I don't know, TBD, like, we'll see how he, like, moves as a founder.
But you have someone that has, like, proven over months and years in CT that, like, they can get attention.
There's, like, some people that can just, like, snap their fingers and, like, their main character again.
They're back at the top.
They're relevant.
They have attention.
They're talking about some crazy, spinning some story up.
You're listening.
There's, like, some people that can do that.
And when I see, like, the undeads and these things play out, I'm like, bro.
Like, I don't know.
I don't know where I'm going with the tape leaf.
But I really do feel like the vast majority of this shit is fucking narrative.
It's fucking storytelling.
And how much attention can you get?
We say it so much.
It makes me want to throw up.
Attention economy.
It's, like, worse than bridging the gap or saying KOL.
Attention economy.
But it's actually, like, it's facts.
It's fucking facts.
And I had a whole rant about this this morning.
But it's, like, comical to me to see, like, other founders, other builders.
Whatever.
On the timeline.
Complaining that crypto undeads is doing blank.
And my collection isn't doing blank.
Therefore, Web3 is wrong.
Web3 is bad.
The market is dumb.
And it's, like, no, motherfucker.
You.
You are wrong.
You are dumb.
You are bad.
Because you're, like, fundamentally.
It's, like, it's not the market's fault.
It's your fault.
If that's what we reward is, like, attention and hype and a good narrative, it's, like, you better figure out how to take your fucking product, sprinkle in some attention, sprinkle in some hype, and sprinkle in some narrative.
And if you're unable to do that, if you're unable to do that, then you have to, like, really look at it and be, like, wow.
This person that I was jealous of because I felt like they have no substance was actually better at playing the game than I am.
I am the one that has no substance.
Because if a tree fell in the forest and nobody heard it, did it really fall asleep?
Okay, so in regards to the people that can snap their fingers and start a narrative, you're one of them with the storytelling NFC bullshit.
Frank is one of them, too.
He's able to really, I mean, anytime Frank wants, he can be the main character of the space.
There's a few people like that.
I think it's a really hard thing to do as well.
It takes, exactly like you said, it takes years of dedication to really build up yourself to that level.
In regards to crypto undead, I actually, so I minted one and I sold it pre-reveal.
I did not look to see what my reveal was because I'm afraid it's, like, a one of one or some shit.
I'll look later and I'll send you a picture.
I haven't looked now.
I don't want to ruin my mood.
But, look, maybe they do end up doing something really cool.
I'll say it again and I stay on my point.
I think their rollout for the mint was impeccable, dude.
They fucking minted the thing out, got the entirety of Twitter talking about it.
Like, yeah, people are disappointed in the art and the floor price is down.
But it is not easy to mint out a collection.
I don't care what anybody says.
It is not easy.
It is not.
In regards to, like, what you're talking about in terms of if you can gather attention, whatever, look at Easy.
Look at the Nifty guys, what they're doing with Bodago.
That is a perfect example.
And I say all this shit in retrospect.
And you got to also give credit to, like, Faroque and a lot of these people who, like, really took a big bet on them early on.
But if you can capture attention, you can fucking pop a project.
You can launch something and get people excited about it and build a real community.
So if I look at something that's – what is the biggest thing in common with some of these individuals that we've mentioned?
Frank, Easy and the crew, a few other people as well.
Like, they have a presence on Spaces, dude.
Like, so the question I have for you is, like, how big of a role do you think Spaces play in the ability to garner attention, mint out a project?
And I feel like people are sleeping on how effective that they can be in regards to that, especially for building a community.
I think I slept on – all right.
I don't think Spaces are everything, but I think it's very much, like, you need – like, you need lore.
You need, like, lore as a character on this app, I think.
And, like, the founders and the ones that, like, really get the attention and sustain it, like, they have, like, deep-rooted lore.
And there's some people who are able to do that on text only, like Kobe, right?
Like, Kobe – yes, they had the up-only thing going for a while.
Like, yes, he's been on some Spaces, et cetera.
But he's, like, a writer, right?
And the vast majority of his takes, his thoughts, his comments are, like, in text form.
CL is the same way.
I was listening to a podcast he did the other day.
But, like, he's a writer.
He's a writer.
Most – the vast majority of his thoughts come out in text.
There are some people that are, like, one, better at, like, building this lore through audio, through voice.
But the vast majority of people cannot do it all through text, right?
Like, you can't do it all through text.
There are some people that can.
I'm a fucking thread guy on Twitter.
There was a time I thought I could leave.
There was a time, but that's – hey, I was running threads before it was cool.
Just have it be known.
The blockchain doesn't fucking lie.
Have it be known.
But I think, look, one way or another, like, you need to develop some – you need, like, that deep-rooted lore.
Because, I mean, that's why you, like – we keep saying Frank.
I think he's a great example, though.
It's, like, you buy into the story.
You, like, buy into the story of, like, Frank, and it's, like, stealing the scooters in college.
And, like, launching this project.
And, like, the community gave up.
And, like, all-time high for 20 weeks in a – like, you, like, buy into the story.
And you have to be able to, like, articulate it one way or another.
And it's, like – spaces are interesting because there's, like, a group of people on CT that no matter who is on, how big it is, what they're talking about, what happened, those, like, never listen to a space.
Right?
Like, by default, hosting a space, you get, like, a – your surface area, like, the net you cast is smaller than, like, a text-formed tweet.
I think, like, it's objectively true.
But I also think the time spent in a space, like, listening to a host fucking monologue, such as I'm doing right now, or listening to these shows, the connection that you form is, like, sort of – is deeper.
Like, you're more bought into the lore.
You're, like, more bought into the story versus, like, just strictly the text.
So I don't know, Leap.
I think – obviously, I'm biased.
I think you've got to get the message across one way or a fucking another.
And for a lot of people, it's hard to do it over text.
Like, I actually feel like I'm an okay writer, okay at articulating things with, like, with text.
However, like, I need the spaces because I can't – I can't, like, scream in text.
You know what I'm saying?
I can't, like, scream in text.
And I think that – I don't know.
That's kind of how I think about it.
What do you think?
All right.
What about you, then?
Like, do you think that if – like –
I mean, let's just call a spade a spade.
And what are you going to say?
Because I have thoughts.
I mean, look, you changed your PFP from imbued.
I mean, I'll say this.
You want to talk about – all right.
You've got to be careful with this one, you know.
You've got to be careful with this one for sure.
But let's just, like – let's just call a spade a spade.
We're talking about narrative.
We're talking about the leader at the top.
We're talking about storytelling.
I mean, can you tell me confidently that something did or did not change?
And bless his heart.
Bless his soul.
Health is fucking wealth.
Health over everything.
But did something or did something not change the second – like, the literal moment that Gordon Garner was no longer on Twitter tweeting?
Like, did the narrative change?
Did the story – like, did it change or not?
I mean, I'll ask you a question back.
Do you feel like Yugo was more alive when Gordon came back recently and was firing tweets on the timeline buying NFTs?
Because I personally do.
I mean, bro, look what happened.
There are very few people, especially at this stage in NFTs, where buying a collection and tweeting about it once means four-price pump.
That is – I don't have that.
I'm sorry, gang.
You don't have that.
I definitely don't have that, actually.
People sell when I buy.
That, to me, like – and I think part of it is due to the fact he, like, hasn't been here, so we're, like, a little, like, Gordon-deprived.
And it's, like, a dopamine hit when he does come back and he tweets.
But it doesn't, like, be real.
If that – like, bro bought a fucking frogana and sent that four-price from, like, 12 to, like, 25.
It's four-soul right now, by the way.
Sent it to 25 – UMFs are paying 25-soul for the fucking frogs.
Sent it in one tweet.
In one tweet, gang, which is insane to me.
I don't know.
This is what I feel like I can say in, like – because I genuinely feel it.
That there was a time that Yuga Labs was – they were untouchable.
And the main thing that was untouchable is, like, socially, the narrative and the things – there's, like, certain things you, like, could not say.
Like, about Yuga.
And if you even, like, dared, like, said anything in the negative, you'd just get, like, an army of motherfuckers, like, shooting you down.
And it was, like – the tweet was, like, never fade Yuga.
You could, like, tweet never fade Yuga at any point, any time, any day, any week.
And it was, like – it would bang.
It's getting 100 likes.
It's, like, getting likes.
It's getting engagement.
There are people that just, like, believe that so deeply.
And, like, somewhere along the mix, Gordon was definitely, like, a huge part of it.
Flop launches were a huge part of it.
Every announcement coming with a $20,000 airdrop no longer being a thing.
Huge part of it.
Like, let's just be real.
But somewhere in there as well, the, like, social narrative was lost.
I don't know exactly how it happened, why it happened, when it happened.
But somewhere in the mix there, the – just, like, deep-rooted belief in the story – because
think about it, too.
We're talking about counterculture early, my ladies.
Like, Bored Apes was, like, the homegrown NFT community project.
I remember when I showed up into this space, it was sort of, like, fuck CryptoPunks because
they were, like, elitist.
They were already rich.
They were already wealthy.
They'd already, like, made it.
It was sort of, like, fuck Punks.
And it was, like, Bored Ape was, like, the homegrown, like, community project that you want.
It was, like, a success underdog story that you wanted to win.
And everybody wanted them to win.
And, like, yes, there's fundamental changes when you go from one East and you flip Punks,
right?
Like, the community is different.
The people buying it is different.
The way you think about it is different.
It is.
Objectively, it is.
But also, bro, somewhere along those lines, the, like, the story and the lore got, like,
construed a little bit.
That's a big word.
I've been fucking listening to you.
Construed a little bit.
I don't even know if it's a real word, but it's a big one.
And I don't know when, why, and how it happened, but it's sort of, like, if you were to flashback
two years from now, get a sentiment gauge, a story gauge, investment, like, how invested
people were emotionally gauged, and then flash forward back two years to today, it's different,
Leif.
I mean, what do you think?
Look, NFT projects are, like, roller coasters.
When they're going up, you're anticipated, your anxiety is, like, there's excitement,
everyone's looking around, like, oh my god, what's going to happen?
It gets to the top, it goes down, and you start screaming.
And that's exactly what happens with these projects.
And sometimes I think, were we, I don't want to say this because I don't want to sound like
a pessimist.
Say it!
We did say that in this Threadverse Leap series that we were going to be spicy, so I'm going
to try to be spicy.
Was there ever actually a community?
Like, before you say yes, because, like, I understand there are people on Twitter, there's
IRL events, so on and so forth, whatever.
But was there actually a real community with any project?
Or is the price just going up and people are euphoric?
Because it seemed like there were a community for Pepe.
It seemed like there were a community for, you could point to anything, you could literally
point to anything and say that.
And of course, there's, like, pockets within these projects of, like, people who fuck with
each other and their friends, so on and so forth.
But, like, this real idea of community, is it actually real?
I'll tell you what I think after I, I want to hear your take, though.
All right, this is my quick take, is, um, first of all, you call that shit spicy?
That was fucking Tabasco on, like, low mode.
I mean, what the hell is the least spicy take I've ever heard?
Now, you didn't even say Yuga, you said NFTs at large.
You brought in Pepe because you didn't want to direct the shot.
It's fine, I'm picking up on your mannerisms here.
Here's my take, though, is I've said a bunch.
I say, I tweet this a lot.
Kevin always gets, he gets so mad at me when I say this, but it's true.
That NFTs are inherently more fun to trade, to own, to be invested in than shit coins.
They are.
I don't care what anybody says.
I feel that so deep.
Also, I just got a hilarious DM.
It cut me off.
I'll read it to you after.
NFTs are inherently more, if it's talking shit about you, inherently more fun to trade
than, than meme coins.
And, because here's the thing.
I don't know what it is, exactly how to articulate it, but, like, I think meme coins in the community
behind them are 100% exclusively dependent on price.
It's going up.
You're having fun.
It's going down.
You're not having fun.
There's kind of no middle ground whatsoever.
There's no, like, having fun in consolidation with a meme coin.
Like, there just isn't.
There's no having fun in consolidation with meme coins.
Even if it's, like, 1% more.
Like, the tiniest little itch over.
The tiniest little notch over.
I think with NFTs, they're just, like, stickier.
So, it's, like, you feel just, like, some, even if it's the tiniest bit, bro, you feel,
like, some attachment to that JPEG.
And there are other people, like, you don't feel attachment to, like, ticker mog.
I'm sorry, but you don't.
You don't.
You don't.
You hope it goes up.
You have big bags.
But you don't, like, see ticker mog.
You're, like, that is my, like, digital identity.
Ticker pepe.
Ticker what?
I love mog, by the way.
Let me not fud my own bags.
But I think with the NFTs, even if it's, like, 1% in that direction, you feel that,
like, one extra percent gravitated towards your JPEG.
And somebody else that also holds a JPEG in that community also feels that, like, 1% is,
like, gravity pull of, like, connection to that PFP.
And I think because of that, like, we saw in the bear market, most of the communities
patched it up and left.
But the, like, actual strong ones were still here.
Oh, my God.
Look how fast he joined.
And I said that.
That is crazy.
That is crazy.
Holy shit.
But even in the bear market, we saw it as, like, there were still some NFT communities
that stayed here and existed.
Not many.
There were some.
In the meme coin, the coin community, they just disappear.
They dissolve into thin air.
And that's my take.
Also, let me read this DM really quick and then give you our take.
I'm not going to say who it was.
Someone just said, it's been a whole hour of Leap just giving the worst takes I've ever
heard in my life.
Please make it stop.
So on that note, I'll throw it back to you.
We'll try to amp it up just a little bit.
Okay.
Meme coins are basically, like, it's like the people who are standing on the side of the,
like, you're walking down the sidewalk and they have a bunch of flyers.
Like, that's what the meme coin people are like.
They have a bunch of flyers.
Take the flyer.
Here's a dollar off your fucking Jamba Juice smoothie.
Which, by the way, Jamba Juice is just ice cream.
It's just sherbet.
They like, I don't know who told me Jamba Juice was healthy.
It's not.
It was the biggest lie I've ever told.
And NFTs is like you walk into a card shop and there's a bunch of nerds in the back playing
Yu-Gi-Oh!
Like, to me, that's entirely more exhilarating than just the, and look, I like meme coins too.
Like, you talked about Mog.
I think Mog is cool as well.
But for the most part, in terms of community, I think it's way less sticky.
There are people that were repping Shiba, repping Doge hard in the last cycle.
Like, we're making a community.
They have NFT projects, this and that.
And you don't see anybody talking about it nowadays, and unfortunately, I think that's
the same thing with, if I can look at Pepe, dude, it was the same.
Hey, let me ask you this.
Do you think you can form a sticky community with you and everybody else that holds a $2
lottery scratch ticket from 7-Eleven?
I think if you have drugs to give everybody, you can.
Look, by the way, this doesn't take, this doesn't take anything away from any of these
communities.
Like, again, the ones we've mentioned, Pepe, Mog, and so forth.
I think Mog actually does have a community.
And what makes them a little bit more sticky is they do have the Pit Vipers, and you can
throw that on the P.
That 100% matters, by the way.
The visual 100,000% matters.
100% matters.
It's the same ethos as basically, it's the same ethos as the thread Pepe, right?
Like, anybody can just have a visual representation of this NFT collection, whether they pay for
it or not, in a way that, the way that is tangible.
And the same thing with them, like, and there's a couple communities.
Do you want to know who's the original who's done this?
The fucking laser eye Maxis.
The Bitcoin MFers were the first people to do this because they put the laser eyes on
any PFP, and all of a sudden you're signaling to the world that I'm a hardcore, like,
hardcore, like, Bitcoin MFer sort of deal.
And I actually never even thought about that.
Hey, final point here.
The results were in on the Beanie poll.
Without looking, I want you to guess.
This is a tweet.
Would Pudgy Penguin's floor price be higher or lower today if Beanie Maxi bought the
project instead of Luka?
The answers are higher, lower, and results.
You have 100%.
What do you think?
How do you think it played out?
I think lower.
And that, like, respectfully.
No, no, obviously it's lower, obviously.
But, like, what percentage?
I would say 89% lower.
Hey, Dan, you got no faith in my boy Beanie?
No, I looked at the –
80% lower.
Oh, I looked at the results.
It said 89%.
Oh, it said 78%.
My vision's not going well.
But, I mean, that should be expected, though.
It's not even, like, disrespecting Beanie.
It's just Luka is just breathing, bleeding.
It kind of sounds to me like you're disrespecting Luka or disrespecting Beanie in a public
state.
All I know is that if we continue this series of, like, this Thrive vs. Sleep thing, we're
going to end up being canceled within three episodes.
So it's – because – maybe we shouldn't record these spaces.
Can you name the next one, like, the sexualized or hentai version?
Yeah, Thread.
Well, I was going to say we could do, like, waifu edition, like Thread vs. Sleep waifu
edition, something like that.
Let me know what you guys think.
So this is our first episode.
By the way, Thread was talking earlier in the space about, you know, we've created 30
pitch decks and we – like, a million ideas over the past eight months.
And the only thing we've ever actually done together is this space that we're doing
right now.
Out of all – dude, hundreds of hours of us just, like, 3 a.m. in the morning, chopping
it up in the living room, like, bro, we've got to take over.
Like, this is the first thing we've ever done.
So let me know what you guys think, if we should continue this series.
I thought it was – I mean, I thought it was fun.
If you had fun, I had fun, King.
That's all that matters.
That all that matters is what I just said out of my mouth.
She did.
All right.
All right.
Well, look, I appreciate you guys.
Shout out to Thread and shout out to the people who came to this room.
I think we're going to do – I mean, we're going to try to do this a couple times a
week, but what we really want to do –
Ah, no expectations.
Shut the fuck up.
Shut the fuck up.
No expectations.
Might be the last time you ever see a space for both of us.
So record it, screen record it, listen to it, dream in it, and I'm rugging this shit.
You know, you can't actually rug it because you're not the – anyway.
I'll see you guys later.
