There we are. Here we are.
Big Monday vibes. Let's go.
the mute button got me again
uh how are you doing hopefully better than that yeah i'm good man i'm chugging some coffee
reading up on some stories here pretty uneventful weekend was it was it uneventful well irl
i don't know about crypto there's always something going on with crypto
well yeah i was looking at a headline here from omkar godbull of coindesk
writing this headline crypto global bid and ask metric plunged 20 percent over the weekend points
to a paper thin liquidity what's up saris group gm so a key metric tracking the crypto market
liquidity tanked sharply over the weekend leaving paper thin order books that could amplify
price swings the sharp decline happened as alternative cryptocurrencies like soul
matic doge and others crashed amid rumors of the fund liquidating its coin holdings
according to crypto hedge fund asymmetric cio joe mccann some market makers likely pulled out from
the market during the altcoin crash causing a sharp decline in the amount of resting bid and ask
orders and uh yeah i mean everything's red everything's bloody right now a lot of bloody headlines
it's uh it's a scary time to be in web 3 to put it lightly but uh hey we're showing up here anyway
good morning good morning good morning gm amica how are you i'm bloody doing well man how are you
doing not doing bloody well but bloody doing well all right i don't know i'm french bonjour bonjour
bonjour you know bonjour nox darkness you know i thought like that was part of the show that there
was silence at the beginning and i was just waiting drinking my green tea you know
so i appreciate your patience well at one point i was like well should i request no it must not be
like how the show starts so i'm here so early i'm so grateful so gm to you baby
you are here early and you know what we're all here early right it's still early somewhere anyway we're
gmr we got some friends popping in here now what's up phil
big phil g down there cromer wine bags nifty q if you want to go ahead and start pinning some cool
stuff up top for us that's always helpful to get the conversation rolling i've got some stuff i'll be
pinning but of course we will be kicking it off here with some tunage like we do
set a vibe we got to get sarah script moving we got to wake up sarah script even though she's a
couple hours ahead of us good morning we got to wake up cromer we got to wake up wine bags and phil
we got we got to turn we got to get some morning music going here so that's what we're going to do
here in just a second this this is gm web 3 the greatest morning show known to man and i'm gifted
your humble web 3 sherpa happy to be here on on a monday that is uh definitely a scary monday but
anyway we're still here we're still talking about it we're still figuring it out together
we're out here pioneering this dangerous dangerous new land called web 3 and uh some of us
some of us hurt you sound hurt on this monday it's it's not it's not let's let's be real it's
not good out there right now i want to know it's fine gifted may i ask you okay like we need to be
strong in web 3 right it's all about like being fit and being healthy and being hydrated let's talk
could we talk about those muscles like are you tired from working out like i i want to know good
morning nobody nobody wants to know that other than you so maybe we offline that conversation but
just know that it's it's all natural no photoshop or ai was involved uh that's just a whole lot of hard
work and trying to focus on other things other than my bags being down 90 right now that's all that
is you know everybody copes in their own way i cope by going to the gym anyway uh yeah we can talk
more about that on another show maybe but i appreciate you asking and i appreciate all y'all
who are popping in here first thing in the gm to gm with us and get gm with three going gm to you uh
you know y'all are still here we're still here it's gonna be a great day we're gonna make it a great day
no matter what so that that's what we're doing here but we are gonna kick it off with some music
here this is last straw by smith and capital steez hope you like it we'll be back in just two minutes
if you haven't shared out the room by the way if you go down there to the bottom right corner where
the little speech bubble is that's the spot you can like it you can retweet it you can throw some
crying emojis or some happy emojis you can throw some uh some topics maybe there's some projects
or headlines or things that you want us to talk about today put all those down in the comments
and share out the room while you're at it we appreciate you all right here we go let's get it freaking going
wannabes son of me's smitty coli on the skis grinding all week same shit on the weekend if life is a pool
then i'm jumping off the deep end beat my backstroke hit it to her back broke she gave me headlock made
that kitty cat choke shorty i'm the man more that wouldn't say my name twice like the random brand that's the
lord of the land got the world in my hands tony montana no coke just rhyming grandma dodging
the slammer they say i'm guilty by my skin tone but i never been to jail yeah i've been home
no no cynic i've been clones no made laser play play kid i've been grown now let me demonstrate i've
never been afraid man you're with a renegade i'm eons beyond whatever you rather be on smoother than
billy d yet i'm cooler than freon i'm major these perpetrators is about to get exposed kind of
playing on what this is he's the rhythms of my soul let them know please somebody let them know you're going
making the brain well that's the wrong way to go i'm too legit to quit we're moving on the same
route for my units in the mix i wait you better stay out uh any issues my riders will come and get
you my click is official they never tickle they breaking bone fristles i hear a lot of talking
when i turn my back but when i turn around they pet they don't say jack you better just lay flat
we don't x we just take that know some killers that will kill you for eight stacks mentality of a
runaway slave we alive we diggin our own grave i said hacks off and let this be the last straw i'm
sick and tired of having to sneak in through the back door scratched at him sick and tired of being
sick and tired how you not gonna give me mine every time i rip a line i haven't seen the limelight
and i write mine rappers that base their whole careers off of white lies a ghost rider been why he's so
nice and the time he spit some of his lies there's no concept you're not sick you're looking for a
day off and i'm losing sight of the game call me ray charles got me thinking i should try to go a
wall and randomly slide in the first so let's play ball i stay ready with a lewisville slugger and a
great amount of courage that you could still muster because i'm nice and i was poist to shine grab your
aviated shade keep your pupils still covered people still love it because i'm showing differences the
difference is when i spit i'm actually making sense stay synonymous to syllabic lyricists looking for
radio playing they're making hits oh baby that was last straw by smith and capital steez
all right that's some that's some energy i needed that
and uh all right y'all we're kicking it off shout out arts abide era art snitch all the friends popping in
here here's uh ralph quintero's update happy monday last week was surreal in the crypto space i think it
left a lot of people shell-shocked the market reflected that all weekend with very little nft
action overall and most crypto prices seeing red unfortunately we also saw a lot of scams and
compromised wallets too one bright spot continued to be art as we saw another big fidenza sale last night
uh i feel that ralph so thanks for that setting a setting a tone recapping the bloody weekend that
we've seen there and yes there was another big fidenza sale last night for 371k fidenza is doing
very well it was also the two-year anniversary of fidenza's uh over the weekend i believe so happy
anniversary to tyler hobbs and the fidenza's if uh you got a fidenza very jealous seems to be one of
the uh one of the few nft assets that is really holding a lot of value right now um i've been posting
some stuff up top nifty q looks like you've been posting some stuff too uh hey i mean i also saw this
tweet just on a more positive note trying to you know we're gonna try and mix in the good with the
bad here i'm gonna try and keep keep things focused on where we're going and not just entirely on where
we're at right now down in the in the gutters of heck uh you know the u.s obviously is having this
very negative like anti-crypto stance in this moment right now where we're we're trying to figure out what
the heck the sec is trying to do uh but the rest of the world is not necessarily in the same boat
and here's a here's an update about uk prime ministers the uk prime minister and policy makers
across both parties see the promise of web 3 and are committed to putting the right regulation and
guardrails in place to protect consumers foster innovation and allow startups to flourish there
we're excited to help them with this effort so this is a tweet from c dixon up top there's a whole
thread here talking about a16z expanding to the uk planning to open the first international office
in london later this year and hosting the next crypto startup school in 2024 in the uk so that's from
a16z and uh c dixon up there so you know there's other like but i guess like for the us again it's
not great because everybody's kind of leaving the us and going going elsewhere but did i hear that um
that the uk is like the capital like the main like country for crypto did i hear that a few years ago
well i think they're they are seeing the opportunity and isn't this called financial arbitrage
nifty q have you heard that term i'm pretty sure that's what this is basically london
became one of the global and i've been learning more about this recently so my understanding is that
london became one of the global financial hubs um because after world war ii it was able to kind of
position itself uh as a place for global trade and and the uh um what's it called the foreign exchange
forex is that what it's called so basically when when the foreign exchange market of currencies
started picking up after world war ii london was able to sort of like financially arbitrage
themselves into being a a match making
service to put it simply to be like the the hub for a bunch of the banks that's why all the big banks
uh had their homes in london and so they're trying to do the same thing right now with crypto
essentially in the future of finance they're seeing the opportunity again to
you know consolidate a lot of power and influence in the future of finance by making themselves a
a hub so it's smart for them but again this is this is the us basically fumbling the bag like losing
losing a position of leadership and and a lot of potential influence in the future on uh where the
future of finance is going and so yeah london is probably going to be a major player if if they
can uh continue this narrative of being you know a friendly place for innovation and for people to go
like a16z like that's a great example um and i think we've seen other you know other companies
starting to head that way france and i think europe in general has already been working hard on you
know kind of establishing themselves this way uh this is really cool seeing food mascu a good friend
of ours friend of the castle friend of the show highlighted here in uh the daily ralpha
so shout out food mascu shout out ralph quinter on the daily ralpha for highlighting an awesome
artist that we love here uh it's actually an article on decrypt so shout out decrypt
for highlighting food mascu so sonder lutz is the author let's uh hit this real quick why not this is
a positive thing to see our friends and seeing art continuing to make it do well get exposure
art on the blockchain so food mascu dishes out edible masks on ethereum this is the headline on decrypt.co
the multimedia artist has embraced the blockchain as a means to safeguard his work and explore the
intersection of technology and humanity and there's actually like a sit down interview with
them so an actual whole video uh i wonder if this i think this might be from lisbon so i'm pretty sure
food mascu is out there performing doing his live face mask in lisbon over the the last few days
um yeah so many friends so right like i've never been to portugal i heard it's beautiful and they're
having a great time yeah i haven't been either it looked amazing i would i would absolutely love to
go but anyway uh yeah if you're not familiar with food mascu um you know his real name is antonius
weird jaja and he's a multimedia performance artist uh who's created and he's depicting himself
wearing masks made entirely of food and uh and then he eats them a lot of times and uh yeah anyway
we've actually had him perform live at some of our live events in the past and yeah he's a good friend
of ours so that's really dope super dope seeing uh seeing food mascu highlighted on decrypt.co
super kind right such a kind spirit like oh my gosh oh yeah oh yeah an amazing amazing soul uh
so there you go there's some positivity just you know we don't want to lead with all the negativity
right nifty q that's not what we would ever do that's that's right a few lives that's what we do
there of course we hit him with the the hard stuff right up front pause pause i just wanted to uh i
just wanted to ape staking platform for the first time i was putting it off since apes like
just absolutely wrecked but you got to do what you got to do so my bad i was doing that for like
the first part of this episode that's okay what did you find in the ape staking platform
oh wait you don't you don't stake you're in the us come on it's very true it's very true yeah we
could talk offline about that stuff i don't know man this this whole like this whole like hubbub about
people leaving the the us feels a lot like when trump got elected for the first time and people
are like i'm leaving it's like are you are you leaving so let's let's let's settle down on this
there's a couple hearings today or not today tomorrow uh on capitol hill about these these
proceedings so uh i i think it's it's a super reactionary environment right now so we'll we'll see
it's cool to see uk uh getting on board with this stuff i know since 1940s the us has been like that
financial hub right because like the rest of europe was essentially destroyed through through uh through
the world the actions in world war ii so the us has been a financial hub and we've seen you know over
and over i think uh peter zahan talks about this idea of like pax americana uh since that time and then
the us has kind of been like the global uh police chief and with the idea that in return the us us
dollar is like the world reserve currency and that's i think we've seen over the last three to
five years is like we're moving very quickly away from that so this seems to be just like a a catalyst
for that though like it doesn't seem like the sec understands that that this could destroy uh like
future technical like technology uh you know uh prowess in the us so uh it's it's it's interesting
i i will say i watched yeah well it's it's all very backwards looking instead of forwards looking and
this is the problem with having so many old people running our government still is that they don't they
don't frankly give a shit about where we're at 20 years from now i mean this is a like a tangent i
don't want to derail you like i want you to finish your points but this is what's so infuriating
is that like we have we have these old people that are not looking forward they're just protecting
their bags and making sure that they're good for the next you know five years and
and then fucking fuck everybody else so anyway yeah i'm gonna try to find a tweet with the brian
armstrong interview with the wall street journal but uh if i have to craft one myself i will just to
like put it up there in the box but uh interestingly like brian brian is like saying that congress actually
like sides mostly with i wouldn't say they side mostly with coinbase but they are not as far
leaning as the sec is with with being heavy-handed in this stuff so i think he was saying that congress
actually sees that that brain drain is happening if these you know rulings pass in the sec's favor
got it so there's some positivity i guess i'm sure there's some i'm sure there's some people that get
it but again it's like our senate the average age of our senate is like 70 plus years old and uh you
know they're beholding the corporations and banks and the status quo so anyway uh yeah man it's it's
an interesting place but i see all these awesome things are pinning we're going to dig into those
in just a second here's a share from biggie poppins good friend biggie poppins that he put into our
discord he said this is not his post but he did not specify whose post it is so i actually don't know
who to credit this to but uh absolutely massive development's going to be happening this week
and specifically tomorrow tuesday june 13th that's what tuesday will be tomorrow apparently tomorrow
is a really big day because here is some of the things that i guess is i guess all of this
is coming to fruition tomorrow so i'm going to read through this real quick
the sec is ordered to respond to coinbase's request for rulemaking by tuesday u.s district
court in dc will hold a hearing at 2 p.m on the sec's request for a temporary restraining order
against binance us in its case against ripple internal sec documents and communications relating to
bill henman's 2018 speech in which he said ethereum was sufficiently decentralized as to
no longer be a security are slated to be unsealed the sec has fought to keep these documents private
market participants believe the documents will show more in-depth reasoning by the sec that ethereum
is not a security the house financial services committee will hold a hearing at 2 p.m titled
the future of digital assets providing clarity for the digital asset ecosystem and last the public
comment period closes for the sec's proposed changes to the definition of exchange under the exchange act
as currently proposed the expanded exchange definition would capture a lot of decentralized
finance applications so all of this happening in real time and i think we're definitely starting to
see just a whole lot of the policy and regulation and the need for clarity and all this stuff starting
to to get a lot more attention uh if nothing else there's that so this could be a very big week and we might
honestly you know depending on how some of these things turn out depending on what we find over the
next couple days who knows maybe by the end of this week we're going to be feeling much different than we
feel maybe we'll get a few w's this week maybe there will be some really positive things to come out of
this um you know exciting times to be alive exciting times to be here with you all and uh if nothing
else you know may you live in exciting times nifty q uh so what what do we got up here i see some polygon
posts we got some genkai follow-ups what what do you got for us nifty q
yeah i think with all this going on you the eath maxis have to be like celebrating in the streets
but polygon was obviously named so the polygon piece is just i think their response to all this
happening right like maddox probably the largest token on their complaint list i need to see the
complaint list again but i guess solana would potentially be a higher market cap i'm not sure
i haven't looked at the they're like sitting at 11 and 12 right now so those are two of the largest
capped coins that are actually uh listed and so polygons are very cardano as well i guess right
those those three are kind of i think the three biggest maybe yeah and so ripple's been having
ripples right above cardano so these are just like top 10 tokens right that have like these large
built-out uh infrastructures that need to figure out a way to respond to this and that's polygon's response
up there so they're they're pretty much taking the fact that like hey we're we're you know working on
our uh i guess progress outside of the us um and like the sec doesn't have jurisdiction essentially over
this this blockchain so interesting all right let's read through this in just a second but you know
looking over coin market cap does look like btc is down below 26
000 sitting around 25 800 right now it doesn't seem like ethereum's been hit that hard at all
ethereum seems to be holding pretty well still above 1700 around 1730. um xrp doesn't seem like
it's been hit too hard either you know that's been pretty beaten down over the last several years
already it's probably got a lot of uh a lot of that already factored in a lot of the fud already
factored into xrp but um yeah cardano solana polygon polygon's been definitely hit hard but i
think solana too polygon i mean if polygon can make it out of this okay i mean it's it's such a steal
right now in my opinion i i i didn't think it would really come back below one dollar much um and it was
actually holding out a dollar for quite a while but then obviously the fud has just gotten more
fuddy and fuddier uh right right now and it's all it's all like not directed at polygon though right
like it's directed at a lot of tokens uh like like ripple was was named a long time ago uh with like
towards the sec saying hey you know we think ripple is a security uh and coinbase doesn't even trade it
uh right now right so like i i don't i don't think polygon is is one that's like if it if it's gonna
make it like it's gonna make it you know and then these are potential like really good buying
opportunities i think like this is not financial advice but the the it could go down to 20 30 you
know cents but um maybe even lower but at the same time when you look at polygon in two years time
we know the fundamentals that are there uh we i i believe in the thesis right that it's like
polygon is probably you know four or five dollars uh in that sense so yeah i mean it's beaten down
but it's not like gonna die right yeah sitting just below 65 cents right now uh all right here's
polygon's response let's let's give them uh let's give them some uh shine here so polygon
this is polygon's tweet they say we are proud of the history of the polygon network developed outside
the u.s deployed outside the u.s and focused to this day on the global community that supports
the network matic was a necessary part of the polygon technology from day one ensuring that the network
could be secure and remain so to this day given our focus on network security we made sure matic was
available to a wide group of persons but only with actions that did not target the u.s at any time
the non-u.s market is the largest in the world and we are grateful for all the thoughtful work being
done on all aspects of this technology around the globe including by regulators and policy makers we
are confident in the actions we took in the past and how focused we are on building in the future
exciting tech announcements this week
so um i'm gonna go and retweet that so yeah this is interesting right it seems like they're they're
very much just trying to make it super clear like y'all do not control us like us sec you're not
you're not uh our boss um kind of distancing from the us the problem is all the the projects that they
worked with in that web 2.5 uh that you've always mentioned are based in the us for the most part
yeah so that's the the nft front i think is hurt a little bit by this when it comes to trying to
continue this move towards whatever the hell mass adoption is so so on that note we kind of got the
like the shiny positive take there from polygon here's here's the other side of it that you know
nifty q just alluded to here's a tweet from dido dido yoshi up here saying what the
fuck are all those companies going to do that built on polygon now that it's been named as an
unregistered security in the sec lawsuit is it business as usual or does everything grind to a halt
um yeah it's like that's that is the question um we've already seen again like puma probably some
others start to pivot or change course or rethink things puma was supposed to do an airdrop and they
basically said we can't do it on polygon or we don't feel comfortable doing our polygon so that
would be an example of pausing changing course or uh yeah definitely not business as usual um
probably to the benefit of ethereum again like it all comes back to ethereum's not named ethereum
seems to be whatever the hell efficiently decentralized is to these people so uh or they
or you know quote unquote efficient efficiently decentralized probably what they're thinking
again is that there's a lot of people with a lot of bags tied to ethereum uh so they have money to
fight the sec they have money to not that polygon doesn't ethereum's just like an order of magnitude
bigger in my opinion yep uh hey what's up friends thanks for joining us uh if you haven't shared out
the room go ahead and do so we really appreciate it we're just getting into the news we're just
catching up on some of the latest and greatest from around the space uh let's talk about this
tweet you got up here from chris bernisky
he says yeah he says do you want to read it no you got it yeah i mean tldr like
again looking at the positives inside of all these negatives like when there's such fear
uh what what's fud stand for fear uh uncertainty and uncertainty come on come on if you're failing
you're failing the you're failing the crypto one-on-one quiz up here the degen test yeah the idea is
is like if there's fud that still exists then there's probably alpha that's on the other side
of it right because it when basically his his thought process is when there's a general consensus
amongst you know the world that you know this stuff is awesome and everybody's here then the alpha kind
of dissipates yeah my man yeah so here's what chris bernisky's saying existential doubt about crypto's
future in 2023 is the prerequisite for the types of multiples that people will gawk at in a few
years the specifics of doubt change each bear but the doubt always emerges something that's a consensus
long by society doesn't print 10 to 100 x's so yeah to your point without the fud there probably won't
be the 100 x turn around um so yeah i mean gosh i wish i had a bunch more liquidity right now i could be
could be buying up all these dips right now but uh my bags are already tied up looking looking bloody
right now so anyway but i i love that take and i it makes sense right makes a lot of sense um all
right well what are we what okay it's a it's a big old zoom out in my opinion like i i i think i agree
with mike finch's take who mike comes on the network from time to time but mike's basically saying that this
is kind of the last gas by the the sec in a sense uh in in the same way that like i think eos was a big
crypto token that that had to settle with the sec the idea is maybe that they come out with this
regulation like super hard and then you have companies like polygon saying okay we'll settle
with you guys for you know 15 20 million or or whatever that number is i i just don't
if you survived this week or this past week then you're gonna be okay this week like i think we
got hit with the hardest fud and and you know nonsense that we got hit with so i i just take
a bullish look like i'm i'm obviously like extremely bullish you know i lean that way most of the time so
i don't know i feel like we got hit with a really hard uh news week last week and then you know we're
going to be okay yeah it was the planned one-two punch from gensler and his cronies on finance and
coinbase i mean things still could get worse like i i appreciate you you're trying to put a positive spin
on it and i appreciate that we're we're polishing turds up here is what we're doing right now um it
still could get worse though uh but i hope you're right that maybe last week was was the worst of it
maybe maybe that was the the biggest hits that we're gonna get and now we're just gonna kind of
like figure out our way out of all this over the coming days weeks months but we'll see um i did want
to talk about meme land a little bit i was able to finagle a code to get on the meme the meme coin
allow list um and uh and yeah that's uh one project that has continued to do incredibly well
um like really really well even in the bear market uh the amount of of buyers and uh sellers
on the captain is still very high and uh yeah they they now have their own coin coming so i didn't
want to talk about that but nifty q before we kind of transition into talking about that any other
updates or headlines or hot tags or anything that you wanted to hit on up top here so the biggest
news over the weekend i was hearing like rumblings on friday and then i think it like really caught
steam over the weekend was the ape coin special council uh they're basically having like new
elections to replace the special council that came in for the dow and was like hey you know we're gonna
kind of like try to centralize a little bit of like the the framework around how we're doing business
with ape coin uh because like we think we decentralized it right out the back too fast
so guys like yachts you uh star girl i believe uh i need to get the names of like everybody there's
a guy named jerry who's basically like an og ap runs like the ape coin dow discord uh that i've like
frequented since its inception but the tldr the story here is that each of the special council members
gets twenty thousand dollars a month uh for their role um and basically the community seeing a point
price fall i think was was looking at this saying okay maybe that's getting a bull market when everyone's
doing well but the sentiment seems to be now like what the hell are these people doing to be paid
twenty thousand dollars a month each individually what what are they doing to be paid that kind of
money so yeah it's raging back and forth i can pin some like like uh yacht came i think all the members
of the special council came out and we're like kind of trying to battle this the fun a little bit but
basically their their job at this point is to make sure that eight proposals are continuously you know
kind of uh being passed and looked at and and pushed through and also to i i mean push the developments
of the dow uh which i guess they hop on you know calls and and things like this like the point is it's
very vague what they do right now and that needs to have some clarity like the community was asking hey
can we get like kpis like your you what were your kpis uh when this guy's you know kind of set up so
that's that's what's happening right now but i i will say like it's really fucking cool to see this
out in the open that's what you want to see like dow's are going to get better from this situation how
many people are on the ape coin council four or five it's it's one of the other four or five
five yeah well last night they had um i don't know if you guys saw but and i i saw it late and
then i ended up passing out but last night in leap space um there were a ton of people in like it
was specifically titled like uh is ape coin dow a rug and it went on last night for not even lying
like the recorded space is like seven eight hours long so a lot of people dove into all this stuff
and there was tons of people relate you know affiliated with the ape coin dow tons of apes
and so i think they actually did really get into the weeds and break it down again i listened for
about an hour but you know again i fell asleep and when i look back the recording was eight hours long
and i think um you know i remember maybe an hour two is when it really started picking up so you
probably have a good four or five six hours of this full-on discussion from last night so i'm sure
there's a lot of good um you know uh digging into the weeds and meat there and so i plan on listening
to it throughout the week but just wanted to throw that out there because yeah that was something that
was a big topic over the weekend and you had a lot of uh members of the dow and stewards and and like
bad teeth a lot of people breaking stuff down and i know they had like you know leap asking questions
frank to god that uh asking questions about dow's and stuff so i'm sure it was a pretty good conversation
last night okay yeah if you want to share that up top appreciate it uh josh squash man hopping up
here we also have carrie gm carrie ross i just thought i'd come up i've been kind of watching the um
the dow over the last few months um uh i i wanted to get into staking
um and i was helped considerably by jerry and he helps me whenever i i need to do anything he walks
me through how to do it on etherscan and so he doesn't just say go to this application and do it so
he because i i think i'm special needs in this particular um aspect of um of this whole thing
uh and understanding and remembering it and not losing anything um but there's if you go into
their rooms um monday wednesday friday i believe at 12 noon p p pacific time um
they they do answer um a lot of questions that's um let's see um apecoin dow or no art
apecoin i don't remember coms um i should remember but they do a lot i think that they um oversee a lot
that isn't necessarily um right out there i think it's in the forum that you can go and you can see
everything that happens in there and i i don't i think all it takes is one or two apecoin um that you
need to do any voting so um it's very it's very interesting i find i find the political aspect of it
daunting as well and um and as it i think as it gets further along because this is just the first year
like i think as it gets further along it's it's going to maybe work out a little bit more but um
um i don't know if you've ever been a part of a committee um yeah and one that meets once a month
or whatever and i was on the um art directors club board of directors here in los angeles
and once a month you'd have a meeting and you'd think you know more things would happen but that was
12 times a year um you know it's it's it's um it's an aggravating situation until you get to
understand a lot of things i think they do a lot i think there's a lot of people in there with a lot
of great ideas and i think that um the three or four three or four people that are more higher up
are the ones that are um you know trying to keep it going i think they're doing a pretty decent job
well they are getting paid a bunch of money but anyway i appreciate that uh well they put in the
time yeah that well let's hope uh but i think to q's to q's point it's like you know are there any
kpis associated with with the work being done what's a kpi it's like measurement success uh metrics you
know uh kpi just stands for key performance uh indicators and so it's just like what are you
measuring success against um so well if they don't have anything to start with what do they measure it
against i'm just curious i mean i'm not number of proposals that have been through you know that
could be an example of a kpi like actually how many proposals have you processed um how many are
successful versus unsuccessful things like this uh you know another kpi could be looking at performance of
uh of apecoin but i think that's a that's a tough one to kind of hold people against since you know
they're not really in control of the broader market uh but anyway i think the point is like it seems
like it's it's a little bit nebulous right now um but uh anyway i look forward to continuing that
conversation and learning more about it uh go ahead q yeah the the specific response i got in the
point forum was because i was basically asking like where are these kpis like what are the what
is everybody doing right besides what i've been hearing uh trying to dive deeper and one of the
mods said you can check ap aip uh one it's a one-liner reviewing aip a proposals basically in
a timely manner in one concrete clear kpi the second part of it is to serve the vision of the community
which is vague and that is the part that i think the council is working on hard towards but there is
not yet much visibility to it so that's the specific response i got when i was asking hey
like what does the special council do um and yeah it's interesting because yeah a guy like yacht like
people were coming at this from the perspective like hey you know like the a normal wage for uh a
person that you know for this is like six thousand dollars a month and he was kind of responding back
like hey look like the some of the largest companies in the world like that's not a normal
salary you can't be looking at that uh in in that perspective and saying hey you know the median worker
makes x amount because these are this is a huge dow this is a huge i mean the treasury is worth like
a billion dollars i think at this point um and yeah well they're they're spending like a million plus
on this you know council a year um yeah but how do you quantify what a guy like yacht can do you know
i've been up here like and i've known the out for a long time like how do you you you can't put it into
perspective i think like what he can do i just wish that the kpis were a little bit more clear or
what he's doing uh they could kind of like elaborate on because he's he's probably pushing apecoin in some of
the largest uh or some of the most influential rooms that that he's you know in right like he's
obviously incentivized to do so he's getting paid that amount mocha verse is like so the animoka
brands nft project mocha verse is like getting more and more involved if you follow their twitter
profile into using apecoin right so it's partly it's like unquantifiable like yacht is not a a normal
dude if you want to say it like that yep interesting points all around uh hey here's
a positive story our friends in denver including phil down there and uh web3 and some other friends
including pizza dow were handing out pizzas to the homeless over the weekend so if you want to see
an awesome photo of some of our friends doing some great work shout out to all the homies there
um that's a tweet from chef do up there but uh yeah it was like a collaboration of uh phil and a
bunch of other good people in denver doing some good things and yeah bringing the world together
with pizza one pizza at a time love to see that uh that's that's a positive story and i guess you can
always remember outside of this crazy space there is life happening and other things that you can do
to give back so love to see that uh also this was a breaking quote from brian armstrong that we didn't
hit yet but has been relevant to the conversation and everything going on with bmb and coinbase brian
armstrong ceo of coinbase was quoted saying we will not delist tokens deemed securities by the sec and
we have no plans to phase out staking services so pretty confrontational here but i mean that's i guess
what you want to see right it seems like they're feeling pretty confident right now i mean at least
that's portraying confidence you know whether or not they actually uh feel super confident about their
their legal risk or not i don't know but they're they're definitely portraying a lot of confidence
right now which definitely makes me feel a little bit better about everything going on
uh we have a couple upcoming projects things happening uh we reposted the cyber kong's genkai
allow list so if you haven't seen that that is pinned up top cyber kong's tweet you can get on the
allow list for their forthcoming drop the genkai and then also found uh pablo stanley famous artist
creator of the robatos and uh some other projects like humankind which i don't know what's really
happened with humankind i didn't really see much following up with that but apparently he's got a
new thing coming called jelly beings um and there's a wait list for that pinned up top so if you're a fan
of pablo stanley or you want to get into what he's doing uh jelly beings looks like a new project coming
from him i have not joined this one yet but i i'm going to get on that today but it looks like it's
jellybeings.art is the website and that's pinned up top if you want to check that out and uh all right
there's some i guess positive things happening uh all right nifty q you got anything else for us
before we keep it moving and jump into more headlines or is that pretty much everything
the ape coin dow situation that was the big news for the weekend that you saw for sure yeah the
special council elections are coming up so they're dealing with all the things that we've talked about
dow's dealing with which is voter apathy and how do we get people involved and i'll vote for you i'll
vote for you q you say that like facetiously but i think that the potentially in a bear market
finding projects that actually have uh workable treasuries is is a way for people to stay uh in
the industry i think oh my god yeah i could use it for sure uh anyway all right let's let's keep it
moving here let's talk about more coins coming out from projects which might be the next big treasury to
your point q i have i have a pretty positive feeling about this doing well because meme land and the
captains the potatoes nine gag this whole ecosystem has you know we we've started to cover it more and
more over the last couple months because it's clear that there's something big happening with this
project i do not have a captain i do not have a potato i so i haven't really been in the ecosystem
but it's fascinating that uh this project even though it like pretty much launched into the bear market
has defied all odds and is now one of the biggest projects out there it's got like 250 000 people
in their discord i mean it's it's a massive project and i'm starting to understand more and more how big
this project is uh nine gag of course is like sort of a famous social media company it's uh apparently is
situated in east asia i think somewhere in china i should probably look that up get that accurate but
that's part of their success is that they have done very very well with asian markets they have a very
strong community of hodlers not a lot of flippers in there
and they now have a new coin coming meme coin apparently because there's an allow list uh that
they've been dripping out you have to have a code and play a little game it's actually got it's like
a gamified mint i mean it's not really like the game's basic it's just like collect coins you just
like tap the coins but it's kind of fun you know again fun execution cool design brings you more into their
world but you have to get a code right now to get on the allow list and the captains and potato people
are apparently the ones that were given codes so you have to kind of find somebody in the community
and uh i was you know lucky enough to put out a tweet and get somebody in our community who
hooked me up with code so i am on the allowance now shout out to the homie uh you know let me let
me give some credit here tim burr yeah apparently he's in the free ross dow but only in vegas baby
that's a great handle only in vegas baby hook me up so shout out tim burr only in vegas baby uh but
yeah details uh some details of this let's let's just dig into it a little bit more because this
project appears to be one of the few that has the gas to really make it into the next bull market and
uh you know if you're not paying attention probably should be so we've been paying more attention here
we go meme land and an nft project under nine gag announced that the team is building meme coin
the tweet has attracted more than a hundred thousand crypto users interest as meme coin projects
are starting to launch many new features ai doge on arbitrum has sparked community debate
but okay i don't want to talk about that uh it's reported that meme coin twitter account
at meme coin in 2022 was created in april and posted the first tweet one meme to rule them all so anyway
they've been they've been working on this for a while so i guess april 2022 is when they created
twitter and they still haven't rolled this out so yeah this has been something i've been working on
for some time meme is a token that supports creators and will be used in multiple social fi products built by
meme land social fi social finance products it has previously publicly stated that it will launch
the token in 2023 so this could be imminent this could be coming up in the next month or two
meme land has consistently said that its upcoming meme token would be distinct from the typical nft token
that regular people don't care about okay how their team presents that token in the future will have
a big impact on the ecosystem perhaps propelling it to even greater success similarly it's still unknown
treasure island project has the meme land and overall nft communities waiting with three breaths okay
uh any other thing here yeah so this might this might be the next big you know we talk about we've
been talking about apecoin the apecoin dow everything that's going on with that there's not as far as i
know and i mean maybe y'all can correct me if i'm wrong also gmo happy to see you here uh there's not that
many big nft projects right now that also have a successful token i mean i know that there were some that
launched them there's been other projects but like how many actually have like a top 50 or a top 100
token that are associated with an nft like a big nft project i don't think there's a that many yeah
not not a lot i get off the top of my head cool cats uh definitely one that launched like in the bull
market uh they launched the milk token but yeah gutter cats put those on hold and i'm assuming most nft
projects will put that shit on hold until this all gets figured out cool cats milk
yeah i'm trying to see what um yeah look under rugged
the fully diluted market cap of milk right now is four hundred thousand dollars
so so so sup ducks has one i believe uh cyber has banana oh yeah cyber hunks has banana
but yeah so there but i i'm assuming you know again like i can't find those on coin market cap
yet or at least find like the the ranking on coin market cap but i assume those are not you know top
hundred tokens so so what's the point the point is other than like apecoin there's just not really that
many successful erc20 token launches coming out of the nft community that have really created like
a sustainable ecosystem or dow or treasury uh i mean there there are successful dows and treasuries but
like like you know obviously nouns now we talked a lot about them and what they've done is amazing but
you know they they don't that's all nfts like they don't have announced token yet as far as i know right
so the point is meme land and the meme coin might be the next big nft project like ip
focused coin or eco you know nft ecosystem token that could actually do something big it does seem
like there's quite a bit of hype and excitement around the meme coin launch and again you if you
can get a code right now you can get on the allow list um i posted up top my little uh share out that
they have you do after you get on it it's pretty cool they like check it they verify using this like
hashtag code so it's all pretty uh pretty interesting and again they've been working on this for quite a
while so um so yeah any other thoughts on that like we don't have to spend too much more time on i
don't know how many other details there are about it at this point but you know if if we're going to
try and you know kind of speculate based on this saying you know that meme is a token that supports
creators and will be used in multiple social five products built by meme land i mean yeah it kind
of sounds like a dow that's targeted on you know focus around community engagement community building
continuing continuing to develop you know uh meme land initiatives supporting artists that they love
very much like you know like dow dow type stuff is what it sounds like to me but uh i don't know what
do y'all think uh opening it up here for a moment um any thoughts are are you are you interested in
this are you getting on the allow list uh no to to answer that question i'm just it feels like one of
those that i missed um and i'm not uh particularly like interested in i guess what's going on or at
least haven't been made aware of of what's all that interesting about that project to make it run
up to what it is uh jaw is saying milk is a utility token never meant to have value uh talking about the
cool cats token which i think is a fair point you know i think some of these tokens launches like
again they they say they're utility tokens i think maybe nft projects are going to put that
on hold until we see a successful one you know because even even eight point up to this point
although it's had like a few moments where it's been used as a sink essentially like i think the gucci
drop um i think dookie dash had some eight point utility like it's still you know quote unquote not
successful right whatever that means to you so it's sitting at like two dollars um
um i i just think it's a it's a complex situation that no one's figured out uh in the nft space axi
infinity had a token as well that i wouldn't say got rugged but um didn't do well like we haven't seen
one hold consistently uh but maybe that's just the nature of the space yup uh gmo how are you doing
hello there yeah oh hello hello um is that because we're all moving to england
you got it i'm packing my bags right now i actually am um getting my british british
um this morning i'm doing my paperwork because my dad was was born in london so
i'm actually gonna get it done just in case just in case what you're gonna take off you're gonna
leave canada hey maybe yeah was that was that already planned or are you just doing it based
off this news no it was already planned but i've been sort of like here and there about it um not
really getting my butt together to actually get the paperwork done but now as of the news this morning
i'm definitely getting the paperwork done and i'm painting today
breaking news we're all moving to england
and mo's gonna be painting today pack your bags folks all right
okay um so i guess it's been too long since i used an actual canvas to paint because it
i feel like it's i'm like my skills need some brushing up on no pun intended
it would have been a lot cooler if you didn't intend that pun but that's that's fine um you're
you will you're a very talented painter i'm sure it's like riding a bike sure it'll come right back to
you yeah this is taking longer and i'm getting frustrated but so yeah so so because your your
dad was a uk citizen you get to just apply and you get like uh the the benefits of nepotism it's like
what's it called when you're like in a fraternity like you're you're uh what's it what's it called
when your parents were like in the same sort of your legacy legacy yeah you're like a legacy uk
citizen i guess so we'll see okay well good for you let us know how that goes i hope it goes swimmingly
um any any other things before i jump into you know just keep it going with more news headlines
here mo any other updates or things that you've seen anything coming across your desk that you think
is worth noting for the crew here no i've been i've been just painting i have like today and
yesterday and i haven't been looking at anything you know probably smart good on you just avoid
avoid all the news headlines right now just just go paint for a little while that sounds nice
it's probably probably the better way to be all right here's the headline let's keep it going
also if you haven't shared out the room yet go ahead and do that we're chilling with the fam here
we appreciate all y'all hanging out with us we got some great people in the castle with us even
marty mcfly we got chuckle toots we got jawa got some other friends down there sophia zone x boss
sind zell syndic syndexo anyway giovanna great to have y'all here all right we're gonna keep it going
with some more headlines here here's one from avalanche they're still a thing how's avalanche doing
actually how far how far do i have to scroll down coin market cap to get to avalanche now oh number
17 all right avalanche is doing all right i mean they're way down from their highs but they're
still the 17th largest token right now but yeah their highs were around like 130 140 avalanche sitting
at 11 right now i definitely love i fucking lost my ass on avalanche but they're still a thing they're
still uh out here building so here's an update from avalanche and this is an article by kate erwin
on decrypt avalabs launches avalanche arcade spelled with a three of course r-a-r-c-a-d-3 avalanche
arcade to help game studios enter web3 avalanche arcade is connecting traditional game publishers
with crypto firms to help bring legacy ip into the fledgling web3 gaming space
is the web3 gaming space still fledgling i guess it is are we still early fam let us know in the
comments is there a web3 game out yet all right avalabs the crypto firm supporting the avalanche
blockchain announced today that it is launching avalanche arcade a collaborative program for
traditional game developers to explore blockchain game integrations as part of the announcement
exclusively shared with decrypt and gg avalabs also share the japanese metaverse and entertainment
firms gree and gumi have joined arcade as two of its earliest partners exploring blockchain gaming via
the ethereum compatible chain avalanche arcade promises to connect so-called web2 game makers with
existing esports organizations blockchain gaming guilds and web3 game studios building on avalanche
the program will offer strategies on regulatory compliance and how nfts prize pools esports
marketing and in-game tokens can be implemented on chain sounds like a consultancy sort of
web2 partners can also receive guidance and support on how to break into crypto gaming more broadly and
market the change to gamers who are sometimes wary of web3 integrations you don't say here's a quote
this is a quote from avalabs head of gaming ed chang he said some of the early larger web2 studios that
have done stuff in web3 have had some missteps it's obviously not from a bad place but maybe they don't
understand their community and how to talk about blockchain to them or they don't understand the
web3 space they're going into studios and game devs who join avalanche arcade aren't entering into a
formal exclusive commitment said chang instead they're joining a mentorship program and support network of
sorts where they can explore blockchain gaming's potential with more experienced web3 firms
so this is cool um you know avalanche basically this is this seems like their play to get into web3 gaming
because so far i mean when you think of web3 gaming i primarily think of like polygon immutable x
maybe a little bit solana
uh um but you know avalanche hasn't really come to mind as like web3 gaming as a place for that so
this to me seems like they're planting a flag they're saying we are here for web3 gaming and we will
support uh gaming publishers and studios that are interested in web3 so that's cool shout out avalanche uh
shout out vgf video game freak down there curious about your thoughts if you want to come up and share
them uh but yeah do y'all have any thoughts on avalanche or what they're doing with the avalanche
arcade here does it make you more bullish on avalanche do you care does anybody give a
shit i i'm curious in just like what blockchains right now are actually sustainable and uh if you
were building a game and or an ecosystem um which would be the best choice especially now with everything
with polygon i don't i just don't know yeah it's a fair point as far as i know avalanche was not
listed in the complaint about unregulated securities so is that is that a benefit to them right now is
this an odd are they seeing an opportunity maybe with polygon being under tremendous scrutiny maybe
avalanche is saying haha this is our chance to capture more of the web3 gaming market from polygon
um um i don't know but gm vgf welcome to the stage sir what's up yeah i thought the avalanche news was
interesting there's already a fledging gaming community on avalanche so to me this was like
a natural evolution like it makes sense um it to me it sounded more like an incubator and like a
a an announcement of intent you know in in supporting the gaming ecosystem on avalanche
like rather than you know some new it almost sounds like they're they're trying to
double dip on a play on a publisher kind of side um but yeah avalanche is great for
like the the gaming ecosystem i i think that it it's not going to be like one winner
like just like there's a bunch of use cases in and around nfts to where there's no like one chain
that's best similarly to gaming there's no one use case that is a perfect fit for all of them
so like hey we saw in like 2021 2022 where like a lot of the gaming trended towards solana because it
was fast and cheap but then you know you have instances where the chain goes down so uh there are
certainly trade-offs depending on you know the chain that you decide to use polygon uh has been incredibly
supportive of of games uh and in my opinion their biz dev is second to none um but there's a lot of
issues with you know the bridges and things of that nature where it's not the most intuitive or easiest to
transact with um i'd like uh without disclosing you know too much uh in going down a very deep rabbit hole on
on the trade-offs and pros cons of different chains like avalanche is great uh even like things like
layer zero make things a lot easier for like portability and and like evm compatible solutions so
like it really becomes almost more of a biz dev uh like solution or answer than than like what chain
is preferable is preferable because a lot of them are getting pretty competitive now um but yeah so
like when you look at the the optimistic roll-ups and zk roll-ups and things of that sort um it almost
is like what's what's fit for your use case rather than like what's the best one size fits all solution
for all gaming um so yeah love it go ahead q yeah i've always liked the analogy of like the console
game uh or console to the game when it comes to adopting the different blockchains right like i
didn't buy an xbox until there was a really popular game called halo um and i had to get the xbox right
and we always talk about uh like adoption on different chains like you just you just asked
like does anybody care uh about this news it's like not really i mean it's cool for avalanche and
that ecosystem but until they have a game that's that's worth it to adopt that blockchain in the same
way that you know uh people buy consoles to play certain games it's a great analogy there's not going
to be much interest yeah well and that's actually a great segue or set up for you know my next question
was going to be for vgf you know do you actually use avalanche for any gaming or like do you what
do you use avalanche for at all i i had some avalanche i started looking into it i was curious
about some of the things i heard them doing but then i never actually got invested into any of their
projects so i'm just curious um for me it's more been actually dabbling i i haven't found
a web 3 game like i'm i'm an fps shooter type of guy like when you said halo like that was the game
that got me my first xbox and here i am 20 years later still with another xbox um but yeah like i'm i'm
an fps battle royale type of gamer um so most web 3 games have not lent that direction
yet uh there are a few on the horizon that look very promising um but yeah i mean between like
avalanche polygon arbitrum optimism like there are a bunch of really good solutions for like different
use cases so like i i i'm kind of looking at it more like collectively as a whole i i do think that
as nifty q said uh when there is that one breakout game i think that within web 3 we care because we
have bags that we're interested in and and interested in protecting um and one ecosystem
popping off could trend well for our bags uh but the the gamers coming from the outside in aren't going
to care like most of that is going to realistically be abstracted away to where they sign a couple
transactions have some approvals and all of the web 3 blockchain stuff is happening in the background
and they're just interested in playing a good game this is secondarily they might be interested in you
know uh ownership of their digital goods which is great that's an intrinsic benefit to it being
blockchain backed uh but they may not care where it lives right or or uh what blockchain it's on
especially if it's being subsidized away yeah they they won't even probably know uh at that point
great great points all around jaw welcome to the stage oh wait one more question about that unless jaw
was staying on the same subject then then i can ask after i was going to talk about another thing uh but
but on the same topic somebody go ahead some yeah either one i just wanted to share that eat denver i
went to the sui event and uh sui is a new blockchain that akasha is working for i believe and they just
launched their token i think in the last two months but i was really impressed at their event uh there
was quite a few speakers and quite a few different companies talking about integrations specifically
targeting uh you know the gaming space so what they were doing is bringing tools sdks that allowed
going from unity game development tools that game developers were already using for integrating
directly into the blockchain and really removing a ton of that headache for that integration so i was
impressed by that because to me it showed me that they were they were obviously courting that i imagine
that exists in a lot of these different chains that that have a gaming you know spin on them but i just
wanted to shout out about their awareness because mo was kind of asking around that
yeah i've seen a lot of coverage of sui and then getting a lot of hype over the last couple months and
we really haven't dug too deep into it so maybe we can just do a quick primer here in a moment um but
mo go ahead with whatever else you wanted to chime in um i just wanted to know if anyone had any um
thoughts on if if anyone does um on near protocol or does anyone know anything about them uh i don't know
that much about them i do know that they also uh are very very active in the community do a lot of
uh a lot of promotion i know that they are on most of the big uh exchanges so it's pretty well
distributed and it's a pretty big token um i yeah i know that they're definitely they've been a big
sponsor like eath denver and some others so i know that they do a lot of biz dev and a lot of marketing
but i i don't know that much about um like the difference they're number 39 right now so top 40 coin
near protocol um yeah i actually as you know i i see i i've heard them in the same conversations as
like polygon and some of these other like ethereum compatible uh well so like i'm not the most
familiar with near but like my high level understanding is it's basically like a protocol to
not be reliant on any one of these evm compatible solutions that it's kind of like a protocol layer
to provide optionality to these other evm compatible chains so like they're they're like
a mesh net helping to connect between all of these optimistic roll-ups and side chains and all these
other like evm compatible solutions so that you have you're not like stuck in a silo or like pinned
down to whatever you know chain you may like pick but that you you can basically build it for any or all
of them um so i look at it almost like uh providing optionality but that's probably like a super distilled
down like super oversimplification um if somebody knows more i would be very curious because i've
i've heard a lot about near like kind of in passing but i definitely haven't dug in as much as i would like
to well mo i'm curious why you're asking what's your curiosity about near um
um well obviously uh we we have a project that has an ecosystem and i'm just without getting into
the details of you know what the project is i'm just trying to weigh you know um what ecosystems are
good and for what reasons people like them so yeah so let me get this straight y'all been developing
this project for over a year and you haven't chosen a chain yet there's a lot of other things involved
very interesting um well uh vgf while you're here uh i i wanted to selfishly get a high level
take from you on just like how you're feeling about everything that's been going on over the last week
are you are you feeling particularly bearish right now do you feel like this is going to be a long
drawn out battle with the sec over the course of years that's gonna keep this winter extended
for a long time do you feel like the sec is more bark than bite and so you're actually you feel like
this is positive movement forward i don't know just how are you feeling uh how i'm feeling is if this is
like max pain then i am thoroughly numb um i i don't particularly care uh about the sec uh
lawsuits i think that uh like you said they're they're very likely to be multi-year uh litigation
attempts uh and the sec attempting to regulate via enforcement is just kind of showing their hand
that they they don't really have uh a lot by means of providing any regulatory clarity as of yet
um i think with the upcoming presidential election it's very unlikely that we get any sort of clarity
or closure until that happens um isn't that isn't that bad though like the longer that this is drawn out
and the longer that we don't have clarity does not necessarily drag us further not necessarily because
like i think that crypto's relative strength in the face of that news like the what did what did we go
from i didn't even pay attention to like we were down like what 200 bucks maybe from like 1900 to 1750
like if that is market nuking news like and we go down what like like 10 percent like then that's not
a big deal at all like that is the the altcoins are are bleeding bad though okay over the weekend
30 40 percent it's leverage on leverage yeah like a altcoins are leverage on whatever the underlying
chain that they're pinned to just like nfts are leverage on whatever you know crypto that they may
be based on uh it's not surprising to me that people would de-risk off of the most risky assets
that's stacked on top of the most volatile asset class that we know of so like to me that's what
are you what are you what are you trying to say the the like none of this is particularly surprising
um and if this is as low as we go i think that that is incredibly bullish uh just on the relative
strength that crypto has had amidst this quote-unquote like you know world shattering news um but that being
said i would not be surprised if we go lower uh i'm particularly you know safe uh in like stables in us
dollars uh at this point and so i'm kind of awaiting if and when that does happen um unless like you said
this this could take years with the sec stuff uh there's plenty of gray swan black swan like
positive black swan type stuff that could happen in the meantime uh that would be incredibly bullish
for crypto and offset any negative sentiment that this may have had so like because it is drawn out
for such a long time there's plenty that could happen in the meantime uh to to get us right back where
we were or better i definitely align with with what bgf is saying uh at this point i think the the one
bearish thing that could potentially kind of hold back whatever the next bull run looks like is
robin hood and a couple of the other these apps have like not been as staunch uh in defending crypto uh
as like coinbase right like coinbase is basically coming out saying hey you know we're still gonna you
know we're open for biz you know like they i think other than ripple they haven't delisted any oh i
think they they attack pepe pretty hard uh in their new in their like email but an app like robin hood
not listing crypto tokens until this is over uh is a very bad uh situation for crypto because that's where
a lot of speculative trading happens with with most of at least people in the us like that's that's where
they're buying selling and trading is cash app and and rob but i especially i do see this as
as a catalyst though because they're so i was having this discussion the other day with someone where
uh they were saying that custodial solutions are the answer and that like having these uh means of
like onboarding and facilitating of these transactions and speculation without
the the hurdles of self-custody is the answer and i think that it is unanswered but it is not
necessarily the answer like i think there's a lot of shades of gray and that the combination of account
abstraction and social recovery to maintain self-custody without uh custodial solutions is a very
broad area of gray that has yet to be thoroughly explored um i know that there's a lot of teams
trying to like crack that nut right now but i could see in the next call it you know six to 24 months
that there's a lot of opportunity for this kind of breakthrough product for onboarding quote unquote normies
uh into so isn't isn't that what the ledger product was that caused so much controversy that was social
recovery yes but within their own ecosystem so like that is a non-custodial product providing a social
recovery like accessibility tool um i i think that that is great like it shouldn't be a surprise to
anyone that ledger a hardware software company that provides uh a crypto wallet is providing their
customers a viable means of social recovery like that should be a surprise to no one i think that
it was i think it was framed spectacularly terribly and that if anything it was just a pr disaster
but the product itself is is viable and that we're going to see a lot of other quote-unquote wallets
like the wallet portals call it metamask rainbow uh insert name of your wallet of choice here start
incorporating some of these social recovery tools um and to me that's like incredibly bullish because
that's where you can bring in things like traditional 2fa uh authenticator apps uh email and you know
credential id verification dids and things of that sort um dead man switches all of that stuff that like
we're kind of talk of the town call it you know like a year or two ago when it was all kind of speculative
big blue sky type stuff it's like coming to a reality very quickly yeah people don't talk about
dexes enough either when i when it comes to like usage of dexes and these attacks on these centralized
exchanges it's probably because the user experience sucks but i think you know i i would be interested to
see like how many people just walking around know that they can trade these tokens without being on these
exchanges obviously the easy use is like the major reason but i'm interested like with with the sec coming
so so hard at these centralized exchanges or centralized you know uh points of on often on ramps you can
trade on dexes you know what does that become a narrative so just to add a little bit more context
and do you know the conversation around robin hood and the implications of um you know platforms like that
not being pro crypto or really standing up much in the face of all the fud coming from sec here's a
headline from helene braun of coindesk robin hood's may crypto trading volume fell 70 68 to 2.1 billion
the trading platform recently delisted three tokens that were classified as securities and sec's lawsuit
against coinbase and binance um so yeah i'm trying to get the detail okay so yeah delisted cardano
polygon and solana the three biggest that were listed um so yeah that's that's a big hit it really is
because to to uh nifty q's point it's like platforms like robin hood are where a lot of speculative trading
goes and and again it's like that is you know if you're looking at the like long-term negative
effects if if platforms like robin hood are basically uh hamstrung or not not really standing
up and uh just uh okay with saying you know we're not going to trade crypto for the foreseeable future
that can really really um i think slow down the market but anyway ladies and degenerate check up top
pinned right now that is the link for nft live because if you don't know what this is fam this
is gmweb3 we do this show four days a week here on twitter monday through thursday and then we hop
straight out of here over to youtube for some nft live where we keep the conversation going with
more headlines more insights more project updates alpha whatever you want to call it just awesome
conversations over there with our friends so that link's pinned up top go put some love on it
give it a like give it a retweet put some dank memes in the comments whatever makes you happy
and tickles your pickle go ahead and do that for us it really makes a big difference you know it does
and uh speaking of tickling pickles we've got one of the sexiest people in all of web 3 here with us
how'd you like that intro
i might have to like get a copy of this and send it to my wife because uh
let her know let her know how we feel about you
um so i i i think uh robin hood is it's a real retail app for like and i and
you know i know i sound negative but it's a retail app for small time traders it's not something
that is moving the market like and they're a middleman app that gets paid on both sides like
to me robin hood has never been a good player in anything they've ever done because they're just i
mean they've they've facilitated retail being able to buy in which is good right buying infractional
shares definitely push the envelope but remember they're acting that they were they're getting paid on both
sides of the you know they're getting paid on the back end from the people that they're pushing all
these trades through probably with crypto as well so they're not like a big web 3 player but what i do
want to say is um i think people overlook companies like paypal right like paypal 40 million users you
can buy and sell uh you know eth on paypal you can buy bitcoin on on paypal and send it to your metamask
wallet right like i can send if you have a paypal and i have a paypal i can buy eat and transfer it to
you without any network transaction the eth to you on your paypal account right like i think paypal is a
bigger fintech company uh that we look at as like an old school type of a solution but you know they're
in what two three hundred countries right they have compliance they have new york licenses um you know we
just don't talk about it but that could be a huge payment scale uh you know payment network that uh
really helps onboard a lot of people into crypto because it's super easy to do um and all you know
if you wanted to cash out of crypto hey yeah you can't do it through coinbase but you could do it through
paypal right you can transfer your eth to your paypal account and then cash it out into your bank account
that's linked to it um all done through paypal so you know just you know don't overlook some of the
the bigger fintech companies i just think robin hood isn't isn't as big as you think
so yeah paypal is interesting i have started to see them marketing more about their crypto products
like actually just in the last couple days it kind of caught my attention because uh i really hadn't
seen much crypto marketing from paypal until recently so uh so that i do think that that's
going to be interesting to watch um so thanks for bringing that in i kind of disagree about robin hood
though because like accessibility to mainstream audiences is one of our weak spots and like we
need we need that like we need like you like you're like oh they're not that big but they're down 70
percent to two billion dollars so what so what is so what does that mean their normal crypto volume
is six billion dollars a month or something like that of all retail like so it's it's the amount of
users that they're bringing in and the volume that those users bring in i i do think that that
is important um so i kind of disagree on that i'm not saying that robin hood is like the best player i
actually agree on that part of it like yeah there's there's been a lot of questions about
their business model and their business practices but what they have done for um
retail investors and making investing and trading and speculating much more accessible i think has been
profound like so like yeah anyway so i i don't know that i fully agree that robin hood's not a
big deal and that it doesn't hurt the space but i agree with most of the rest of what you're saying
and i agree i agree with you on that like maybe my take was a little hot
like i do think they've done you know good things like my son had a robin hood account
at 18 you know and was able to buy and sell you know stocks and has invested in the smp you know because
he doesn't have to buy full shares right and they definitely pushed the rest of the market to say
hey we should be able to trade stocks without having to pay each trade uh like i remember back in my
day you know i remember when i first started trading um yeah you'd pay 15 to make every trade
which is a tax which is gas fees you don't like to make a trade on on on your stocks and now it's free
across the board like i don't know any place that really charges to trade stocks but i mean in the
grand scheme of stock trading they're the probably one of the smaller fish compared to you know td
ameritrade or or e-trade or some of these bigger firms right they're probably you know like a hiccup in
you know comparatively the the amount of size that's where retail versus like institution is a big
difference yeah and if we ever get institutional you know like e-trade or any of those places
onboarding crypto i think we'll see it that's where you know the next but they need regulation
and robin hood has always been acted out outside of that world
i think in general we have seen institutional adoption like that's that was i think the the
take of of a lot of like just people way smarter than me uh that the last bull run was kind
of fueled by that institutional adoption like whereas 16 17 that run up to 20 to 20k on bitcoin
and whatever the eath price was in in those like ranges in 2017 18 like the last adoption cycle was
heavily fueled by i think institutional players running bitcoin up to 60k so i think we see both
in the next bull run that's awesome right like the infrastructure set up for both hopefully well
interesting on this point too is that more of the bad news headlines we've been hearing um and yeah
i think mo you're the one asking on our like our side combo uh is crypto.com you know being hit by
any of this when will they come into the conversation so this is the only headline i've seen crypto.com
uh shutting down its institutional exchange in the us so whether that's because of the sec or just
because they aren't seeing any volume now because all the institutional money is dried up whatever it is
i guess they're not seeing a positive roi from having a crypto.com institutional exchange in the us right now
um so yeah there's that uh jawa has his hand up thanks for being patient jawa go ahead yeah i just
wanted to add on on the robin hood front uh my my normie friends and family who were buying doge during
the bull market we're doing it on robin hood but they sold over a year ago i think the availability of it
in the app store and and like the accessibility of it as a as a retail product though means that
they'll likely be back if we start seeing you know market come back but um you know i i i really like
the point about uh paypal joseph so i'm i'm glad you mentioned that because it is i you know been a
super super long-term paypal user and didn't even know i had those those abilities so thanks for sharing
not yeah and i think if if we get like when i talk about like institutions like if banks can hold
crypto on their balance sheets right you know the only there's only a few companies that have held
bitcoin or doge as in you know uh elon musk um on their balance sheets right uh and and you know they
some of them unsuccessfully they did it like at the top i think uh you know what was
the big company that that bought a bunch of bitcoin and then like was like oh no we're walking away
from this tesla yeah but they could have like you know if that was a long-term thesis right if banks
put were able to put you know i don't know one percent of their balance of their reserves in bitcoin
or eth right that that's just like these are massive moves you know and but legally they can't and that's
where i see regulation giving us the ability for these banks and institutions to to be able to
have like an etf you know an etf of bitcoin to etf where people can trade those things like there's
a lot of money out there that's just looking to uh you know go up fidelity when offering it that i
know of and i've been tempted to open an account there because of it yeah i think i mean like the the
the whole run right like the institutional run that we saw in 21 like microstrategy was buying like
hundreds of millions of dollars of this stuff like that they have to be able to put it somewhere like
they're they obviously have a custodied service uh yeah that's an interesting point you make on like
bank custody though like yeah hmm maybe that's it to profit off of it not selling it out to their
customers that that was the the institutional action i saw last cycle and microstrategies i don't know if you've
spoke if you've heard like him talk about it is that it fixed his entire balance sheet right like
it it eliminated a lot of the issues that he had you know with having fiat money um and so he was able
to gain upwards and and borrow against and do all these things you know instantly because he had bitcoin
on their balance sheet um and they talk highly about it i don't know like you know it's hard to
waver this massive you know shift from 60 000 to 20 000 you know i don't know how they deal with
stuff like that except they buy as it goes down but um but you know we need those type of people here
yo great thoughts all around here really appreciate this amazing conversation all these amazing people
shout out karen jerzyk down there i see you big fan of your work shout out biggie poppins
he's in the castle with us miss you fam hope you're well we're getting biggie on the show today
let's go big big moves that link up top nft live biggie's back biggie's big comeback the biggie poppins
special it's happening on youtube straight out of here in just a couple minutes so that link's pinned
up top go put some love on that and make sure to come hang out with us over there but also
big big announcement here shout out nft go that is the sponsor of the web 3 network this month that
we could not do these shows without nft go super powering all of our analysis all of our nft uh
insights uh if you don't know what nft go.io is all about it is the best place for free tools free
trading uh data just real-time data and all types of cool tools my favorite part about nft goes probably
their twitter extension for chrome they have a free chrome extension that uh i'll try and find
and pin that back up here too because it's a totally free tool that puts all types of real-time alerts
updates and data directly into your twitter dashboard they do this shit for free that's why we love what
they're empowering the community with free data real-time analysis and also a bunch of awesome
insights and uh you know research that they do if you go to nft go.io on the research tab you can see
some under insights and reports some of the free reports that they're publishing constantly
but yeah you can use nft go to closely monitor the activities of top nft holders and gain valuable
insights into the market and potentially identify new opportunities that's part of what we love they
actually just published in the last couple days a report uh or a fun insights you know sort of
article uh called how to get 10x returns in a bear market so that's what i'm looking at right now but
yeah we use them every day on our shows for live updates on what's going on in the nft space and also
to do the nft go bag check over there on nft live so anyway follow nft go give them some love and uh if
you ever are just you know looking for you know free data free tools for nft trading and want to
see what's happening in the market nft go.io is the spot so shout out to them we appreciate
everything that they do and uh all right we're going to keep it going here for just a couple
more minutes before we hop over to youtube uh i did kind of want to talk a little bit about uh
jack butcher and stuff you know but that's not really like a big headline so i want to open it up
here for a minute before i kind of hop into more things are there any other headlines projects
updates things that y'all seen that you feel like are important that we haven't touched on
before i kind of just like move into other stuff
quantum variant jawa y'all seen anything over the weekend
i was not watching over the weekend i i just got the alert as as the market was going up and down
were you were you touching grass that's so good good for you man hey good for you fam love to hear
that all right well then you know what all right here's here's a quick headline uh and then i'll you
know i'm gonna end this by talking about somebody that i'm fascinated by and that's a jack butcher but
here's a headline not this one's not a fun one but you know what uh always important to educate and
talk about the risks and try and make sure that we all are paying attention and know what's going on
and uh hopefully avoid any scams ourselves but here's the headline and this is by bill
toolis uh on the bleeping computer.com but all right bill toolis writing hackers steal three million
dollars by impersonating crypto news journalists so this is i guess a new social engineering plot that
hackers or they use the word hackers this is this is really just like scammers you know the word
hacking is so fucking bastardized um and misused but anyway this call it says a hacking group
tracked as pink drainer is impersonating journalists and phishing attacks to compromise
discord and twitter accounts for cryptocurrency stealing attacks according to scam sniffer analysts
pink drainer successfully compromised the accounts of one thousand nine hundred and thirty-two
victims holy shit almost two thousand people were successfully compromised by pink drainer and they
stole roughly three million dollars worth of digital assets on the mainnet and arbitrum scam
sniffer's on-chain monitoring bots caught the threat actor when they snatched 327 thousand dollars
worth of nfts from a single person oof that hurts some of the threat actors recent targets are believed to
include the cto of open ai mirai mirai mirai headphones steve aoki even targeted here evmot pica
protocol orbiter finance l wi-fi flare network cherry network stark net just a couple of the victims
so pink drainer hijacks accounts through social engineering where the threat actors spend a
couple of days impersonating journalists from popular media outlets like cointelegraph and
decrypt to conduct phony interviews with the victims after gaining the victims trust the threat
Thread actors tell the targets they must conduct a KYC validation
to prove their identity, guiding them to websites
used to steal Discord authentication tokens.
These sites impersonate malicious bots like Carl verification bots.
So anyway, here's the scam.
They impersonate that they are journalists from popular media outlets
and gain your trust and say that they're interviewing, blah, blah, blah.
But then at the end, they say, hey, just to verify at the end,
one last step, we need you to KYC.
And they send you some links.
And then they get you to try to verify through those links.
Another update in what's going on with all the fraud and scamming in the space.
And get a fucking YubiKey already.
I don't know if I'm familiar.
It's a hardware wallet for your social media accounts.
Do you have a link or can you pin something up top?
Just find whatever device you need it compatible with and order one, please, for the love of
You can technically use your hardware wallet, which most people don't know.
But like, just get a YubiKey and use it for all your socials.
So, it's like YubiKey 5 series?
It depends on what devices you need it compatible with.
Because like, there's ones that are compatible with Apple products, some that are compatible
Like, there's a ton of different stuff.
Just find what, like, there's a cool tool that they have on their website that you can
go in and say, I want it compatible with these different devices.
And it tells you which one you need.
But please, if you have any sort of following or like, social media reach, it's worth having.
Like, this is effectively the only, like, the only solution that I have come across that
is more safe than 2FA Authenticator app.
Like, this is a hardware wallet for your social media.
Yeah, I had not seen this.
I'm tweeting it out right now.
I'll share it up top if anybody wants to check this out.
This is the YubiKey by Yubico.
If your social media gets hacked two to three times, you should have like a mark on your
Like, the one thing is like, I'll say for Twitter, since this has been like a big topic of conversation
in the security areas, is that like, Twitter panel access, which is like, supposedly what
some of these scammers have been using to get access to some of these high profile accounts.
This would not prevent that.
But everything else like 2FA, clicking on the wrong thing, stealing of your token, all of
that stuff is mitigated by a YubiKey.
So like, everything short of like, that's full administrative back end access to like Twitter, which is like, so far above and beyond what most people would ever be exposed to as a risk factor.
This will like, solve for that.
So like, please get a YubiKey.
I have no link to send you.
Does it also work for Discord, VGF?
I'm not sure that Discord has a hardware authenticator.
I use a dedicated device, so I'm not sure.
You probably can do it, though.
Again, I shared that on top of anybody who wants to check it out.
And yeah, the more safety that we can have in the space, the better.
And then once you buy it, you actually have to set it up and use it.
Don't be one of those people that leaves your hardware wallet sitting in its box next to your computer for months.
Considering Twitter is like 90% of crypto social media, Twitter especially, in particular, does have the hardware authentication for this product.
So like, this and other products, but YubiKey is the best that I've found.
So my fandom and advocacy for it being a solid product.
Solid reference from VGF right there.
So if it ever breaks or it doesn't work for you, you can come and find him.
This also seems like a great time for us to mention because we haven't yet mentioned it on this episode.
And it's always important for us to do so for your safety and ours.
This is not financial advice.
And the information was found publicly on the Internet.
Opinions shared on this episode are solely of the Web3 team.
All information is public domain.
I want to hit one last sort of update here before we pop on over to YouTube with Biggie Poppins and Nifty Q and the fam over there on NFT Live.
And that's, you know, I want to talk a little bit about Jack Butcher and what he's been doing.
I've been saying personally, I think Jack Butcher has established himself in the last six months since he's launched some of his big VV collections like the checks, like Opep.
And, you know, hopefully like merge to we'll see where that goes.
I've been saying I think Jack Butcher has now established himself in the same conversation of the Tyler Hobbs and the Beeple's and the Snowfro's and some of the biggest artists.
Because what he's accomplished in the first half of this year is essentially having two different collections.
And again, this is backed up by constantly looking at what's trending on NFT Go every single day.
He has had two collections essentially trending in the top 10 by volume for basically the last six months, like the whole first half of this year.
And that's been, of course, his checks and the Opep and open editions.
Like, you know, yes, you might see a big artist collection trending.
Maybe they'll have one that trends for, you know, a couple of months if it's doing really well.
But to have two different artist driven collection, you know, collectibles in the top 10 for basically the better part of six months is absolutely insanity.
So if you're not familiar with Jack Butcher, and I guess he's been creating digital art for a long time.
I wasn't that familiar with him prior to all the open edition stuff.
But, you know, obviously, he's an established, well-known artist.
And he really was ready when the open edition burn meta and all that stuff popped off popped off at the beginning of 2023 and seems to have been one of the biggest winners of that whole meta.
And yeah, his Opepin edition is still going strong right now.
He's continued to update it.
It's like one of these really interesting developing projects.
So I just wanted to hit this real quick.
If you're not familiar with it, here you go.
With trading volume soaring higher than 60,000 ETH and individual sales recorded at more than 30 ETH, many eyes are on the open edition Pepe or the Opepin edition by Jack Butcher.
TLDR, the open edition Pepe by Jack Butcher is gaining attention in Web3 World with its trading volume exceeding 60,000 ETH.
And like we said, individual sales recorded over 30 ETH.
Opepin is a unique NFT collection of 16,000 open edition artworks that change over time.
Inspired by Pepe the Frog and digital artist Bats, it explores concepts of uniqueness, scarcity, and abundance in the Web3 community.
Opepin introduces unique drop mechanics with art revealed gradually and collectors having the opportunity to opt in to artwork previews they like.
Butcher aims to create a sense of community involvement and foster collaboration among Opepin collectors.
So yeah, it's a very sort of interactive story, you know, that's like this evolving over time, sort of like a dynamic NFTs that also combine the open edition and the burn mechanics and all these different things just to make it this really interesting experience.
And yeah, there's a lot of different collaborations, a lot of different versions of these.
If you go scroll through the collection, you can see.
And anyway, I just think it's a fascinating look.
I've been, you know, full transparency.
I did have a bunch of Opepins early on that I flipped.
I probably should have held them.
Could have done a lot better if I did, but don't have any now.
But I have been buying, I've been sweeping some of his cheaper collections, like the Merge.
I'm hoping at some point he pivots and starts to focus on building out that project with some kind of, you know, similarly unique and interesting, you know, development strategy to make that one really interesting.
Right now he hasn't really touched the Merge.
He's been very focused on the Opepins recently and, of course, building out the Chex.
The Chex being his other sort of big, sort of, I don't know, tentpole icon.
I don't know what you want to call it, but the Chex, he's had, you know, quite a lot of success with even doing additional drops on, like, you know, big, famous art dealers.
Like, I think he did, like, a Sotheby's or a Christie's drop recently with the Chex.
So anyway, if you don't know Jack Butcher, definitely a name to know because, again, I think at this point he's established himself as one of the biggest NFT artists in the world.
Any thoughts on that before we play out some music and jump over to YouTube?
And if not, that's cool, too.
Appreciate all y'all hanging out with us today.
I feel like we got some positive news in there.
I feel like it wasn't all bad, despite how bloody things have been.
So thanks for hanging out with us.
This has been GM Web 3, the greatest morning show known to man.
I've been Gifted, your humble Web 3 Sherpa.
And y'all have been absolutely hecking amazing.
Oh, we got a quiz from Yubico.
Thanks for sharing that, VGF.
I'm going to repin the link for NFT Live.
Biggie Poppins is in the castle.
He's back, ladies and degenerates.
You do not want to miss it.
triumphant return over there on NFT Live right now.
That is pinned up top to make it super easy for you.
Come hang out with us over there.
Go put some love on that.
We really, really, really appreciate it.
Y'all know how algorithms work, fam.
We need you to help us with some engagement,
with some likes, some sharing.
Maybe just throw some eggplant emojis in the comments.
And we truly, truly appreciate every single one of y'all
If you haven't followed Web3
and joined in on this awesome community-driven platform
to try and provide free alpha,
the highest quality editorial entertainment
and educational content that we can,
even in the worst of these bare times.
We are here showing up every day for free,
trying to make sense of all this chaos.
Be part of this community.
Help us build the future.
And, you know, hold on to some of these valuable Web3 ethosies.
I don't know what the plural is.
But these values, these Web3 values that we all care about,
we're trying to create something sustaining
and long-lasting that protects those.
Anyway, we want you to be part of it.
And all right, we're going to pop out of here
with some music over to YouTube right now.
NFT Live starts in just a moment.
And we will be back, of course, tomorrow morning
Big love to each and every one of y'all.
Follow the people on stage
because we couldn't do the show without them.
And this is 18 by Khalid.
And, yeah, have a good one.
So I guess I'll hit the highway, the highway
Shake away all the stress off my shoulders
Gonna have a good day, a good day
Because I'm 18, and I still live with my parents
Yeah, they're not like yours
Well, yours I'm understanding, I've never felt enough
I save those feelings for you
So let's do all the stupid shit that young kids do
Let's do all the stupid shit that young kids do
No, I've never really been the smartest
Yeah, I've made my mistakes
You were there when times were at their darkest
Always showing me the way
Your love seems to cut me deep
The sharpest you'll always have a part of me
It's always been the hardest
I wish it were the old days
I wish it were the old days
And I still live with my parents
Yeah, they weren't like yours
Well, yours was more understanding
I save those feelings for you
When we did all the stupid shit that young kids do
Let's do all the stupid shit that young kids do