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Why are you still here? TopeTalk 65
Recorded: Sept. 14, 2023 Duration: 0:53:48Space Recording
Full Transcription
Yo, what's up, dude?
Whoops, hold on a second.
Yo, what's going on, bro?
Thanks for joining early.
People will start to fill in here.
Yo, what's up?
How you doing?
What's going on?
Just hang tight.
People will start showing up.
We usually get moving here shortly, within like five, ten minutes.
No rush, no rush.
Typically, I have music playing, but for some reason, it's, you know, right when you go
to try to do things the right way, it doesn't want to work, so that was fun.
Yeah, let me get Enzo up here.
Maybe what I'll do is I'll just play some, like, music through my speakers or something.
All right.
All right.
So, guys, welcome in.
Can everybody hear me okay?
Welcome to Tope Talk.
We are at episode, oh, my gosh, what are we at right now?
We are at episode 65.
Let me add that up here to talk.
Obviously, I put a little bit more of a clickbait title today because the space in general is,
you know, we're bleeding out very slowly, but it's, yeah, just seeing if we can maybe pull
in some clickbait from the title.
Thanks for joining us, Sanjay.
Appreciate you getting here earlier.
Also on the stage, we have Enzo and our CEO and founder of Metatope.
Jordan is on stage.
What's going on, Jordan?
Hey, hey, how are you doing?
Just wanted to usually listen in between meetings and stuff, but I got a couple of minutes,
so I wanted to drop in and say hi.
I can't believe, what did you say, week 65?
That's crazy.
That's crazy.
So we're still here grinding and excited to hear the show today.
Yeah, for sure.
See when we get Walker in here for the market analysis, but yeah, we are.
So it's, you know, the title is Why Are You Still Here?
I think we all have our reasons, and hopefully it's all in agreeance that we believe in Web3.
But love to hear it from everybody as we go through the list.
But before we do, what's going on, Enzo?
How are you doing today, man?
Hey, man.
How's it going?
I am having a wonderful day here.
It's finally beginning to be, you know, spring weather here in the Southern Hemisphere.
So, yeah, I'm enjoying the nice weather we've had lately.
I went to the beach earlier today, got to see the ducks.
And, yeah, pretty soon I'm going to start going into the water, but it's still a tad bit cold because we're not in full summer yet.
But, yeah, I'm excited that pretty soon I'll be able to get in the water.
Do you say you go to the beach and you see ducks?
Yeah, so, like, I live, like, three or four blocks away from the beach.
And, yeah, there's ducks and swans and cranes that, like, feast on the shoreline of the beach over here.
Well, that's pretty cool.
I've never seen that before in my life.
Typically, like, I didn't think that they liked, like, saltwater activities.
I think they like fish in general.
I think that's what they eat.
So, I'm pretty sure I don't think they care whether it's saltwater fish or freshwater fish.
They just like to eat so they don't starve is what I'm guessing.
For sure, man.
So, since the last show, Enzo, before we get started here, man, any updates?
How was your weekend?
Anything crazy in the life of Enzo?
And then we'll go over to Sanjay and ask him a similar question.
So, Shelly's been gone to the United States for two weeks now.
So, yeah, I've had the past two weeks to myself.
And it's been pretty nice for the most part.
I still do everything I did exactly the same.
Just I don't have, you know, Shelly to, like, do stuff with.
But for the most part, I still do the exact same things.
Today marks two months that I've been in Andrew Tate's university.
So, that's exciting.
I haven't made a single dollar, but I have renewed my subscription.
The only thing I've learned was I should work out every day.
So, that's what I've been doing.
And, yeah, it's been exciting.
In two months, I've gone from barely being able to do 10 push-ups in a row to I maxed out today at 90.
I planked for about six minutes and 300 squats all in a row.
So, I mean, two months of exercise has been paying off.
That's crazy, bro.
Well, I hope you start making some money on that.
But regarding the fitness side, that's pretty sick, man.
And from my sprained ankle from the mutiny party in Miami, I finally, yesterday and the day before, when the sun set, because it's so dang hot outside, I was able to get a couple miles in.
So, like, it feels good to get out and it feels good to do that stuff.
And typically, like, I'll try to mix in, like, those, you know, like, push-ups and stuff with that, too.
But anyway, enough with that.
We're here for Web3, right?
But we do have a guest with us today, Mr. Sanjay himself.
I saw him, he was talking on a Twitter space with what's it called, Victory Point.
And I figured, you know what, I'd love to pick his brain on everything that he's involved with.
Obviously, he's a YouTube creator with over 100K subs.
Congratulations, man.
That's sick.
Love that you enjoyed making content.
So, you know, thanks for joining us today, man.
You mind giving us kind of like a brief overview of what you've been involved in and what got you here?
Yeah, thank you for having me.
And shout out to Enzo for, you know, like, two months of workout and you're, like, literally, like, a different person, you know, like, going from, like, barely, like, six minutes planks.
I can't even think about that, you know.
I work from home and I got to get on that grind for sure.
But, you know, thanks for having me again.
Or, sorry, thanks for having me.
And I'll just give you a little bit of background of what I used to do and what I do now.
I used to be a full-time content creator.
I started from Musical.ly.
I was doing, you know, all those dance musics and stuff when I was a teenager.
I started doing, I started posting my content on YouTube and kind of blew up, got millions of views, 100,000 subscribers, got a YouTube plaque and everything.
And then I switched my content from Musical.ly, dancing to, like, gaming, traditional gaming, like Fortnite, Warzone, and all that.
Found a fair share of success there.
But then I just got, like, super burned out because I didn't have a team around me and stuff.
So I kind of gave up on that.
I'm not, like, a full-time creator anymore.
I'm more like I work in the Web3 space.
I work in the blockchain space as a business development manager for Double Protocol.
But then I also do content creation on the side, especially on Twitter and stuff.
You know, YouTube, I'm not that active anymore.
I know, you know, I still have that in my bio, but I'm not as active anymore.
But, yeah, I've been working with a lot of Web3 games.
I think I've worked with over 250 Web3 games from the business side of things and also content creation side of things.
So, yeah, excited to always work more.
And, yeah, that's what I've been up to.
That's sick, bro.
I mean, a quick question for you, considering you were back in Musical.ly days.
Do you know a guy named Aaron Doe?
Aaron Doe?
Yeah, he started in Musical.ly back in the day.
And I think now on TikTok, he's...
Gosh, I haven't looked at his account in a hot minute, but I'll give you an idea of what he's at now.
I got to look at the faces because, you know, there were, like, so many guys.
And, you know, like, most of us, like, maybe not us, but, like, you know, most of them kind of look like the same and stuff.
So I do got to look at their face.
And I'm sure I'll remember, like, you know, like, Cameron Dallas and all of those guys, you know, like, they just kind of, like, blew up at the same time.
So I don't know if you know him, but, you know, the MacCon days, you know, like, that was, like, that was huge back then.
Yeah, so it's funny because, like, a lot of his content is based off of his face and doing, like, weird expressions while he talks.
But, yeah, he's sitting at 7.3 million followers on TikTok and, like, over, you know, 600 or 369 million likes.
He gets those, like, 3 million, 9 million view TikTok videos.
He's doing really well.
But it just kind of caught me when you said musically, you don't usually meet someone from those days.
Like, that's cool that you've seen the full runaround, right?
You've seen multiple platforms and probably it's helped, you know, helped you cultivate and find the next niche, right?
And I think that's probably what got you into this section of the world and this kind of cultish bubble that we're in.
So, when it comes to, like, Web3 games, man, you know, that's something that for us at Metatope, Web3 games is part of, you know, what we're building infrastructure for and that connectivity between digital identities and these, you know, Web3, specifically Web3 right now.
But potentially in the future, we'll see, like, Web2 games start to integrate our technology.
But, you know, what would you say would be, like, one of your favorite, like, one of the top three favorite Web3 games out there?
I've always been, like, you know, like a Battle Royale slash shooter person, you know, like Fortnite and Warzone, like, those are my games.
So, I have been playing Dr. Disrespect's Dead Drop.
It's like a first-person shooter, extraction shooter.
That is pretty cool.
I've never played an extraction shooter before, so that was a really new concept to me.
But the game is still, like, super early, so it's not polished whatsoever.
And then Shrapnel is another extraction shooter, which I'm looking towards, looking forward to.
And they have MythWaz, or he still kind of is, like, maybe not anymore, but he was, like, one of the biggest streamers back in the day.
Like, he used to stream with Ninja, and he was, like, super popular during Fortnite days.
They have him as one of the advisors, and he has been promoting the game here and there.
So, Shrapnel is another one I'm excited about.
So, what else?
And then maybe something which is not shooters, I guess, Star, Illuvium is another one which I'm excited about.
They're still kind of new, so I'm not really sure which category they fit in.
But, yeah, Shrapnel, Dead Drop, and Illuvium are top three, in my opinion, for now.
Yeah, that's sick.
We've actually, Shrapnel is a great company, man.
I'm excited for everything they're doing.
They've been a guest with us here, as well as I met them at 3XP out in L.A.
They had, like, a little group there.
So, that was pretty cool to see that they're, you know, putting in a lot of work towards their game.
I haven't played Dead Drop yet, but I've heard great things.
We do have, like, communication with the Dr. Disrespect team and his management, as well as the gaming studio.
So, really excited to see if, in the future, what we do with them.
So, you did pick out a couple of really cool ones.
I've never played the Illuvium one or actually heard of it, so I'll definitely do some research there.
But, no, that's sick, man.
Let's jump over real quick over to Walker.
We just had Walker join the stage.
What's going on, man?
Yo, yo.
Yeah, man, those were three great games.
I was actually invested very heavily in Illuvium around their launch.
Nick here and Warwitz, his brother started Synthetic, so he's very ingrained in the space.
They kind of had a tough go, but they have a very interesting concept, and they've built
out a lot more than most games in this space, and I would love to see them be successful.
It's like an open-world, like, Pokemon-style battle arena game.
So, it has, you know, like the, I'm terrible with game terminology, you know, but it has,
like, the closed, like, arena play, but then you can, like, go out and you can capture alluvials,
which are, like, all represented as NFTs.
And they were going to launch, like, these mini-games around it where you could, like,
farm your land, you know, and, like, build up resources.
But, yeah, super cool ecosystem.
I really, really appreciate you sharing that, Sanjay.
Dave, and, yeah, real quick, you know, going to give the weekly market update.
What's going on?
What are we doing?
Where are we going?
Yeah, where are we at, Walker?
Thanks for getting that going.
Tell us what's going on in the market, bro, and then we'll jump into some news as well.
Yeah, you know, for me, you know, I always really like to look at the DXY just as an overall
indicator of, you know, kind of where markets are heading, are people deleveraging out-of-risk assets
or deleveraging out-of-cash positions typically to move into risk-owned assets.
And, man, right now the dollar is showing a lot of strength.
We were kind of in this downward channel that started back in November.
We've respected that range several times.
We just broke out of it.
It was right around $103,285, and we busted through it with some volume.
So, you know, looking probably for a retest here, I'm all the way out on the monthly chart.
If we drop down to the daily, we can see we did get a test and a confirmation all on the
daily all the way back on August 29th.
And it's looking good here.
We kind of made a bull flag above another trend line that goes back years.
So seeing this break back above that was very bullish for the dollar and really expecting
more upside here.
And, you know, traditionally, if you see the DXY move to the upside, you're going to start
to see risk assets sell off.
If we go over and kind of look at the structure that we are getting on the S&P 500, ticker SPX,
you know, we're pushing up here.
But, man, you know, it kind of looks like a danger zone.
Although the RSI, the MACD, everything's looking bullish.
We did make a higher low here on the 12th.
So two days ago, we did make a little bit of a higher low.
We're inching up.
We have a lot of strong resistance overhead.
And it's just like a difficult market, you know, to predict because, you know, we kind of talked about it last week.
I think most analysts, most investors, most institutional investors, right, the majority of the capital that's flowing in the market,
they're probably looking 18 months out.
And so really, I think if you want to get, you know, that predictive measure on the market and try to get ahead of these moves,
you really have to look out 18 months plus.
And then, you know, really kind of have to build a thesis around where are we at in this interest rate hike cycle?
You know, what is the Federal Reserve going to do?
How are they going to kind of taper expectations while they roll out, you know, the pause of rate hikes or even potentially the top?
And once we get there, you know, very, very likely that you're going to see capital become, you know, much more fluid,
I see a lot of liquidity start to flow into traditional and non-traditional markets.
And last but not least, we have the old Bitcoin.
What is she doing today?
Probably not much, man.
Well, I mean, it's been tough, right?
But we do have some, you know, newer developments because we did set a lower low.
You know, so we were really, we've been respecting this range.
We put in a bottom right around $25,585.
And then we lost that this week.
I'm sure a lot of people here are familiar with all the saga around the FTX hearing.
You know, they're trying to get the ability to liquidate some of those funds, if not all of them.
And a lot of people think that that would have downward pressure on Bitcoin, which is possible.
But it's also possible that they liquidate a lot of those altcoins and move them into Bitcoin.
So it also could have the opposite effect.
We did make a lower low.
But we've shown some strength here.
We do have bearish divergence.
You know, our volume is decreasing while price is rising.
Not the best indicator.
But we started this downward trend line back in August 9th.
And we have been respecting that trend line.
We've got rejected from it three times.
And we just broke through it.
And we're retesting it right now.
So if we can hold above 26.5, we're not only going to hold, and this is on the 4-hour, we're not only going to hold that upper trend line and flip that to support, but currently we have also flipped the 200 MA on the 4-hour.
So seeing some bullish signs, RSI is kind of, I mean, it's at the top.
RSI is sitting at, you know, 67, 66.
So we're definitely in overbought territory here.
Not a position that I'm looking to put in a long, and I'm not looking to short either.
Kind of in no-man's land, to be honest.
But if I had to, you know, if I had to bet, I would think we're probably going to get a deeper pullback here before any seeing any more upside.
No, thanks for that, man.
That makes a lot of sense.
I don't think we're going to see too much.
FTX stuff is, I don't think it's as extreme as what we've already endured.
So not too worried about that.
One thing I wanted to kind of discuss, though, when it comes to NFTs in the market is that the SEC stoner cat action that's going on.
I don't know if anyone saw this, but on Wednesday, the SEC told the creators of Stoner Cats that they have to cough up a million-dollar fine and kill the cartoon kitties left in its possession.
Do you know who the founder of Stoner Cats are?
I could probably...
Ashton Kutcher and Mila Kunis.
Yeah, yeah, yeah.
That's what it was.
Yeah, that's what it was.
That was the first NFT I bought.
Bro, as of yesterday, they're worth two and a half X higher and over like a 7,000% volume in trading.
Some people are like buying the FUD.
It's great.
Probably one of the only few NFTs that's got any movement lately, but it would be quite interesting to see how this will work.
Are they going to get back U.S.?
Are these people going to get paid in ETH or U.S. dollars?
How's that going to work is an interesting way to look.
But yeah, that was quite the interesting thing because this could affect a lot of NFT collections if people start suing each other even more.
You know, like if the SEC can win something like that.
Basically, anything else in the news here?
We've got Genesis to wind down the crypto trading.
Looks like they are going to halt spot and derivative trading through their British Virgin Islands unit.
I don't even know what the hell that means, but I guess like they're just not going to be doing spot trading on Genesis anymore.
What do you do?
Coinbase CEO champions DeFi calls for court action to set legal president.
But since I guess looks like Brian Armstrong is fighting against DeFi protocols, he wants more enforcement actions.
And I'm kind of bearish on that because obviously I think a lot of us enjoy the DeFi space.
So having Coinbase come at it is a little bit annoying.
I don't know if anybody sees a benefit out of that, but yeah, I think Coinbase wants more of the market share and is trying to sort of find himself as a top dog in the space for when it comes to like anything to do with shit coins or meme coins or, you know, something outside of these layer ones and twos.
But yeah, that's that's pretty much it's obviously a quiet week in the space.
It's a quiet week in the market.
So it's not too much to go over this week.
But yeah, I think while we're while we're all together here, man, I'd love to kind of pick the brand of Sanjay.
You know, we do have him as a guest here and I'd love to see, you know, if you guys have any specific questions.
Otherwise, tell us about what you're doing on the side of double protocol.
I saw that your partnerships over there, right before.
And I was yeah, I was looking at this.
So like I was really interested in this rental, the rental part of NFT.
So you don't mind kind of giving us a little bit of scoop on that for Sanjay Hawk.
So I just wanted to add in also on September 11th, PayPal unveiled their own and off rents for Web3 payments, providing users in the United States the seamless method to convert their crypto currencies such as BTC, Ethereum into U.S.
dollars directly within their PayPal wallet.
So, yeah, and that actually brought up a good point, too.
Do you see that MetaMask is also integrating so you can hold your Bitcoin and MetaMask that kind of like defeats the purpose of experts and a lot of these other Bitcoin specific outside of ordinals?
Right.
So now, like, dude, imagine when you have Bitcoin chilling on your MetaMask account.
I think that's bullish.
Yeah, back to you, Sanjay.
Tell us a little bit about double protocol, man.
I mean, I've looked into the rental side.
I don't quite understand it completely.
And maybe you can shed some light on that because I get the idea of it.
But is it I mean, you probably know better than me on this.
Yeah, no, I was just like, you know, listening all the market news and everything.
I do want to say that it might be it might be like slow or quiet in the West, you know, around this time of this week, at least.
But if you look around towards the East, which is like Singapore and Southeast Asia during token 2049 is happening right now.
And it has been crazy.
Like, you know, like we hosted about we hosted a full day event on Sunday and then we hosted three dinners, you know, like private dinners, invite only founders.
And then tomorrow we are hosting a hiking event to end the week.
And there is no bear there.
Like, you know, like people are building.
The power is full force.
You know, everybody's excited.
Everybody's building.
So even though the price action might not reflect, you know, how the builders are doing.
But in general, I think the market sentiment or like the builder sentiment is still is still very bullish.
And I'm not there myself, but all of our team is there.
And they're giving me updates basically every few hours.
And and, you know, like I don't know if you guys heard about Ton Foundation, but Telegram just launched their Ton Foundation, which is like the Ton chain.
And Telegram, as we know, they have about like 800 million users.
And now you can basically just trade crypto, which is the Ton crypto or USDT through Telegram without even needing any wallet or any chain or anything whatsoever, just by using using your bank cards.
So that's another big company, big Web2 company jumping into the space.
So I think like I think the builders are still building regardless of the price action of like Ethereum and Bitcoin and whatnot.
And eventually, once the retail sees this, they will catch up and the price is just going to boom.
And that's what I think.
Right.
But I mean, I'm sure we'll have some pullback and all that.
I don't I'm not a big market charts guy, but, you know, just my opinion.
And on the on on double protocol, basically, we propose two Ethereum standards last year, ERC 4907 and ERC 5006.
These both standards are basically extension of ERC 721 and 1155.
And 721 is basically like, you know, your board API club, your pudgy penguin, cool cats, basically a normal NFT, just a typical NFT.
That's an ERC 721.
So we proposed a 4907, which is finalized by the Ethereum Foundation.
There's only like 37 or 38 standards, which are finalized by the Ethereum Foundation.
And now this standard can be used completely for free as public goods.
We don't make a penny off it.
Anybody can use it to make the NFTs rentable.
How this standard works is, let's say I want to rent your board API club.
Once you rent it out to me, I don't get the ownership of your board API club.
But instead, a new board API club is minted in my wallet, which has an expiry function.
So let's say I rent it for seven days.
A new board API club is minted in my wallet for seven days, which will have the exact utilities like your board API club.
I'll be able to use it.
I'll be able to take advantage of it for seven days.
And after seven days, I will automatically lose access to it.
And that newly minted NFT will automatically burn.
So that is the concept which we brought using our Ethereum standard.
And that's what we are kind of like pushing.
Decentraland has already adopted our standard.
And we are talking to Yuga Labs right now and trying to make a deal come through there as well and looking very bullish, too.
So, yeah, that's something behind the scenes of our rental marketplace.
I know there's like other rental marketplace, which is like, you know, built on top of a project.
But we are basically built in the project.
So that's a little bit of a difference between us and other rental protocols.
Sorry, I just like waffled a little bit.
But yeah, if you have any questions.
Yes, Andrew, so you said that it would have the exact same functionality.
So just as an example, you know, let's say that you've got a board eight.
You know, I do a one week rental from you.
Now, I couldn't take that and go use it to stake inside of like, you know, of eight DAO to get my tokens.
Or could I?
So that's the thing.
As soon as so when we partnered up with Yuga Labs, for example, like Board API Club or whatever, they will decide what utilities they want to provide to the rental people.
Now, if they want to provide the voting utilities to the rental people, you know, they can do that.
And every every time somebody rents it, they will have access to these listed utilities.
You know, like you'll be like, hey, if you rent this Board API Club, these are the utilities which are going to come with it, you know,
and they can take off the voting rights if they want to.
It really depends on BAYC or Yuga Labs, what they think is the right utilities which are allowed to be rented out.
For example, Decentraland, when somebody rents a Decentraland, you have every right to go and, you know, build something on that land,
place a banner, place a place of building, build whatever you want to do exactly like you would if you owned a Decentraland.
And as soon as that rented period is done, whatever you built, whatever you had on top of it, it is automatically just going to vanish and the land will be as it was before you rented it.
So same structure, but different NFTs, if that makes sense.
No, no, it does.
It does.
Now, let me ask you, right, from your perspective, is it the right of Yuga Labs to determine the opportunity for that rental agreement?
Or is it the rightful, is it the right of the individual who owns that asset?
It's definitely the right, in my opinion, is the individual should have the access to, you know, be like, hey, I want to only provide this many utilities.
I don't want to give away my voting rights.
Right.
And that's what that's why when we partner with a project, it's a very long term partnership.
Plus, we have to, like, go through a lot of logistics because we want to make sure that in the end of the day, the owner of the NFT gets to choose what they really want to, like, rent out or what they want to hold back, you know,
or or what is comfort, what they are comfortable with.
If Yuga Labs is like, OK, you know what, give rights to everything, the holder in the end of the day will still have the last say because they're like, OK, I'm not comfortable with giving away these rights.
So I'm just not going to rent out my NFT altogether.
So in the end of the day, the holder will have most of the power regardless.
And I mean, I think that's how it should be, right?
Because in that scenario, there's really no difference than me using like a warm wallet connectivity and delegating my voting to someone else.
Yes, yes.
I don't know if you have heard of Delegate Cash.
Delegate Cash is like a protocol which Board of Yard Club used during the Dookie Dash game.
So people were able to delegate their wallets.
And if you didn't own, you know, if you didn't have a sewer pass, if you didn't have a BAYC, you were able to like get that, you know, like somebody was able to like delegate it to you and you were able to play the game.
So it's basically the same concept.
But we we are also looking that, OK, maybe we can just use Delegate Cash's model and make it even simpler for BAYC holders to kind of like delegate their rights.
So this is kind of like something we are like discussing right now that do we want to like stick with our standard and, you know, just write that or or can we use the Delegate Cash model and make it easier for the BAYC holders?
Because Delegate Cash is already accepted by BAYC.
So we don't even need their permission anymore to use that model.
So so within your kind of like ecosystem and the vision for your company, you know, you've created the standard.
You know, you are you're really facilitating this infrastructure around the ability to really like trade these assets and the ownership, the utility of these assets in a new way.
Where where is that going? Like, where where do you see this idea expanding to?
How do you see the end user, you know, really using this product and and and growing the industry?
Great question, right? Like I would I'm going to ask you, like, if you look around your room right now or maybe look around your house right now, you know, there's like so many things which are being rented.
Like my phone, which I'm holding right now is on tap or, you know, like I pay monthly for this phone or whatever, 30, 40 dollars.
My car is financed. My house is being rented, you know, finance or subscription models.
You know, I pay for I pay for Netflix every month. I pay for Twitch Prime every month.
Everything like majority of the things around us are being rented.
And if we believe that the future future is digital, which we kind of have to believe because, you know, we are in this space like virtual reality, augmented reality, you know, apples like the glasses and everything is just turning to digital these days.
NFTs itself is digital only. Right.
So if we believe in this concept that, OK, in the future, a lot of things are going to become digital, then we have to consider the fact that a lot of these things people would want to rent it out.
Maybe they don't want to buy it. Maybe they want to rent it out.
Like imagine imagine you have, you know, you are wearing these like Apple glasses or whatever.
I forgot what they're called. But, you know, the Apple Vision Pros and, you know, you have your you have your virtual house or something and friends come to that virtual house to hang out with you.
Let's say they're living in a different country or something. And now you want to put a cool painting on the wall and that painting could be an NFT or could be a digital asset.
Now, maybe you don't want to own that painting. Maybe you just want to rent it for some time.
You know, that's like the long term vision, in my opinion, like long term vision is definitely that, OK, we are moving to digital assets.
Everything going to be virtual. And when everything becomes virtual, not everybody is going to be able to buy everything like I can't buy BAYC.
I would love to rent it out for sometimes, you know, BAYC have games, other side, Dookie Dash.
I would love to rent it out if there was a simpler process or method. Right.
That's one thing like in the long term. That's what we hope and we are like envisioning.
And and people who are like who own these expensive NFTs or these expensive assets.
I think they should this provides them more liquidity. Right.
Like holding a BAYC is great. But, you know, like a lot of times you go for months without really utilizing it in any way or form.
Imagine you could just rent it out for a month, make make quick buck hundred, three hundred, four hundred dollars for that month and then get your NFT back after the month.
So I think that's what we want to like. We really want to like unfreeze the liquidity of utility NFTs.
That is our slogan as well.
Yeah, that's pretty wild. I mean, I can also see like one of the utilities being these events that they do, man.
I mean, imagine if you're like in Miami, you don't have a board ape and you want to go to the, you know, to the Ape Fest in 2024 or, you know, what they did with the mutant party this year.
Being able to like it when they, you know, obviously as time goes on and there's more strength in the market, it's not going to be as easy to like just delegate an asset to like a friend or they're going to get more strict like that.
But if you're able to like actually put, you know, get a board ape asset to actually signify that you're renting it and give you access to something like that could really provide like that could be another way to another angle to get into these things.
There could also be merch drops that you want to get a part of to get the merch.
I mean, some of the stuff is going to be very collectible in the future regarding like especially collections that have really good merch and stuff like that.
But I love it. I think that's really cool.
It sounds like it's going to be a great wave to onboard new users.
Kind of like, you know, you guys are the new blockbuster in town from back in the day.
But that's awesome, dude.
And when it comes to these these tokens, man, I find it very unique what you guys are doing, especially since, you know, you've done the you guys have built your own ERC, which is it's pretty sick.
We've you know what we do at Metatope, we're built in, you know, building on 721 and also 1155.
So we're familiar with like the different standards, but it's it's really cool to see that you guys are making some headway here on this almost like in your own niche version of an NFT.
With with those guys, like you said, you're talking about how they your team is actually out there at that conference.
I'm sure they're you know, they're they're probably doing stage like speaking panels and stuff.
Is there been anybody cool that they've met or anybody like notable that they've like reached back to you about?
Yeah, if you don't mind, I can pin this tweet, you know, which I kind of like did like a recap of.
Let me just quickly you can go through that thread and that is the event we hosted and a couple of other people at that event where, you know, Sebastian from Sandbox.
We had Gabby from YGG and, you know, we had Farouk.
I'm sure you guys are familiar with Farouk.
He wasn't speaking, but he was at the private dinner.
Right. And then and we have a bunch of people like, you know, we have sunk it, sunk it from Polygon.
So they basically like, you know, Singapore is crazy.
That's what I mean. Like when I say, you know, like if you go through your Twitter feed, the number of times I've seen token 2049 versus the number of time I've seen permissionless is, you know, it's a huge difference.
And permissionless obviously is in U.S. and then token 2049 is in the West.
And, you know, everybody's there. Vitalik is there. Yad is there.
You know, there's no shortage of like influential people.
And our team has basically met everybody, had conversations with everybody.
They're all going to the same party, you know, right.
All these people are just going to the same parties.
It's like about 300 parties or something.
So it's crazy. Like, I don't even know, like, you know, which person to like pick out.
But I think Casey, the founder of MemeLand slash 9gag, he's pretty influential in Hong Kong and he's pretty influential in the West as well.
So he was pretty cool. I'm really well connected with him as well.
And a really interesting guy, really bullish on the eastern space.
So, yeah, Casey is a cool one to add.
How did you get shafted out of the trip?
I have some visa issues. So I live in Canada. Right.
And but my passport is African because I was born and raised in Libya.
And Libya is like a war zone country.
So every time I have to apply for a visa to a different country, it is always very difficult.
And Singapore is like one of the safest countries in the world.
So they are super strict with the with visas.
So I waited till the last day, but I couldn't get it.
So, I mean, hopefully next time, you know, they really wanted me there.
You know, I connected the team with a lot of people, Collabland founders, you know, Animoca CTO, Amocaverse founders and all that.
But but I just couldn't make it, unfortunately.
It's all good. I was more of a joke.
But no, that's that sucks that you have to deal with those visa issues, man.
I'm sorry to hear that.
I know, like a bunch of my friends that come in from Canada, go back and forth with multiple residents.
It's it's a headache.
So I hope that I hope that they it gets a little easier on you in the future here.
Maybe blockchain will help.
You know, like that would be pretty nice.
But that's cool, dude.
Now, that's that's awesome that they met me, man and stuff.
It's a company that I've been working on getting connections with as myself.
I typically go to like a lot of the shows and stuff.
So I understand the grind and how much you have to like, you know, always be aware of who's around.
And you never know that conversation you might run into that could be a game changer for the company.
Right. So that's cool that they're having a chance to really solidify, you know, the company double protocol into, you know, a position with these people.
And the more touches, obviously, the better they're going to remember and they're going to people are going to find a value in when you keep showing up.
So I'm really excited to see the future.
You know, I guess to kind of give you a little bit of a little bit about Metatope so you can have an idea of what we do.
Did you have a chance to look at any of the videos or anything regarding our company?
I unfortunately did not yet, but we'd love to hear more about it for sure.
Oh, 100 percent, dude.
So basically, we've created an awesome software.
So, you know, we're a tech company first building on blockchain and Web3.
But we're building out marketless motion capture and we're doing it from mobile phones.
So we'll have Android and iOS applications and you'll be able to, without having to wear like a Roku, Roku suit or whatever, with all the markers and stuff, you'll be able to create content as a content creator in any digital avatar that we build out.
So whether it's our collection or a Bored Ape or, you know, a UD God, like whatever the case is, if it's one of our partner collections and you own one of their assets or more or you have and you have one of our NFTs when we do launch our collection, you'll be able to access all the token gated traits for your avatar.
And then on top of that, as we create our brand deals and stuff, let's say we partner with like Adidas or like a Skechers or something, those assets will be interoperable through the 1155 so that you can essentially use a like almost like a closet to build out what you want to look like for the day, just like you do in real life.
Right. And then be able to take that asset, do mobile content creation or even take it into into different use cases.
So, you know, that infrastructure is what we're building to bring that asset to life in a, let's say, a Zoom meeting, take it into a metaverse as well as into into a the Web3 gaming space.
So we love talking to different type of different type of gaming studios as a lot of our conversations come to that, because it'd be really sick to see like board apes, Utes and stuff like that running around an exfil FPS shooter.
Like you said, one one of the ones that we have in mind that looks really solid so far is Eden.
I don't know if you've seen that from the X-Punks guys.
They're building on XRP, but their their game is their game is looking very polished so far.
And it reminds me of like the escape from Tarkov style.
So it'd be really cool to see if like imagine being able to play dead drop and then go play with your friends with the same exact asset over on on that game and then create, you know, let's say you guys win some championships together, some tournaments in the game and you decide you want to sell that PFP.
I mean, that's that's it's almost like you're building a resume for your digital identity.
Right. So that's that's kind of like a kind of a quick rundown.
I mean, we're we're about to I mean, gosh, we're over two years in of technology building.
So far and, you know, coming in, I think this and this Q4 for the industry, hopefully we'll we'll see some some, you know, some people that are bored and want to come back into space.
And hopefully if volume picks up and stuff and we created enough disruption, it'd be interesting to see how the end of this year runs for for our company.
And yeah, that's that's kind of like the gist.
We've done a couple of booths at some of those shows like we did one in NFT Expoverse out in L.A.
where we actually had the mobile capture tech on a, you know, on phones where people could actually go and check out the alpha version of it.
So that was really cool for people, you know, to get to get to see the excitement that lights up in people's faces when you turn them into completely something else like a robot.
It was like, well, that's me. And then like, oh, that's cool.
So like, you know, being able to undock somebody.
So somebody who might be camera shy, they're going to have a way to do, you know, get up, go behind an avatar and, you know, eliminate that shyness as well as people that are undocked.
You know, they're going to instead of using just a face filter, which is, you know, I think face filters was a great step in the right direction.
We're going full body.
So, you know, someone's going to essentially be able to walk around their own living room if they want, or even outside and essentially be streamed into, let's say, a conference or, you know, a next NFT NYC.
And be able to have that security of the blockchain and our technology behind it to provide them an experience that will never be seen before.
So I'm really, I think what is really one of the coolest visions I have is seeing this technology at play, like at one of these major conferences in the future with like, I think that's going to be so cool to see somebody using it with like thousands of people in a room watching, you know, that, that undocks person, whether it's like punk 6529 or whoever the case it might be.
Whoever's influential or whatever.
But yeah, that's, uh, we want to, we want to create those, uh, kind of like pave those roads between all these different use cases because it's, it's fun to, you know, if you have your own metaverse, but it'd be more fun if you could go to another metaverse with the same asset.
Does that all make sense?
Yes.
You know, like the last sentence, like you just said, like it's, uh, it's all about inter probability.
I can never pronounce that word, but you know, like that's what, that's what it's all about, right?
Like having one, one asset, which you can just take it to any metaverse or any game or any.
You know, uh, platform essentially.
Like I know there's like so many projects building so many things, but at the end of the day, we do need an industry favorite and that industry favorite should be allowed anywhere in the industry.
Like, you know, for example, if you look at Fortnite, like you can buy one character, but then you can use that character in any UEF and experiences.
And there are thousands of UEF and experiences, right?
Just like that.
I mean, Fortnite is an industry favorite.
So just like that, once let's say, let's just say sandbox ends up becoming the university, the industry favorite, then we will need like sandbox assets to be kind of like just roam around the space freely and be acceptable in other blue chips slash top tier projects.
And, uh, you know, and, and potentially vice versa, right?
Like we should be able to allow D God's assets in sandbox as well.
And, you know, BAYC, uh, assets in sandbox and whatever D God's assets in, um, uh, in, uh, other side, you know, like that, that, that is the dream eventually.
I think, yeah, a hundred percent.
And I think, uh, I think one of my favorite bullish signals of just the right direction, uh, when it comes to web two gaming was seeing that a Nicki Minaj out of all people, like seeing her running around the screen on, on modern warfare.
I was like, no way that was so cool because it's, it's showing that like, they're getting closer.
They're getting the vision of how, you know, you can start using digital avatars and man, once they click, I think it's going to be a win-win for all of us.
And, uh, and I think that's really what makes the game or the web three gaming side of things.
So, uh, bullish on my point of view, it's not really what, I mean, obviously I'm bullish on some of the games that are being built now, but I think the real, the real movement for web three gaming is when these, you know, obviously when the powerhouse companies come on board, but at least they're starting to see a little bit of the right direction and they're going to move slower than everybody else.
Right.
I mean, we do have, uh, you know, alpha from that, that, that, um, the rockstar team is in, you know, putting cryptocurrency opportunities in their, uh, GTA, the next GTA, which is pretty cool.
But, um, they'll probably, you know, I would, I would assume they'd be a very tough cookie to like get in the door with, but that would be pretty interesting to see like assets from like those games.
Um, you bring a board ape into GTA role-playing servers.
That would be so cool.
You know, like that would be fun, but, uh, I think that those are going to be the next steps.
And then that's when I think that the average gamer doesn't see NFTs as that, uh, barrier or whatever the, you know, this, this, this bad sentiment that they have currently about the, uh, NFT space.
And maybe in the future, they're not even called NFTs.
Maybe that just kind of morphs into the underlying technology.
And, uh, we just call them digital collectibles or avatars.
We just, it's going to be an interesting ride for this next year.
But if you could say, you know, before we start to get this thing shut down, um, what, what would be your prediction of like the next, uh, like, well, I guess I got two, two questions.
When do you, when is your prediction of the next like real bull cycle coming for NFTs?
And, you know, what, what do you see the next year of the space being like, where, where would you want to see it?
Okay.
That's, that's a loaded question where I want to see it.
I think, I think what I want to see, what I truly want to see.
Sorry if it's too loud.
I just came to my balcony.
It was super hot.
Uh, so, okay.
So where I want to see the space is, you know, like creator league just happened and it was like a whole debacle that, oh, they're using NFTs.
They didn't tell us, et cetera, et cetera, et cetera.
Where I want to see the space is that, that other, you know, like web two industries using the web three technology without getting any backlash.
Like we use internet, like we use Amazon web services, Google cloud, and nobody really talks about AWS or Google cloud, but all of us use it.
So what I would like to, to, to, to happen is that, you know, projects are just utilizing the technology without, without paying too much attention on the technology itself and, you know, making it a headline, right?
Like I just want it to happen behind the scenes and being used, you know, for example, like Starbucks is doing, like Starbucks have the whole NFT collection.
Nobody even talks about the technology.
They just know that there are digital assets on there.
Right.
So something like what Starbucks is doing, that would be my ideal, you know, like the next year or the year after.
What I think will kind of like click, get the bull run going, even though I'm in the gaming space, I don't really think that web three gaming alone can kick off the bull run.
I think it's going to be, you know, the layer twos and layer threes being built on Arbitrum and OP chain.
I think that is what is really going to kick off the bull run.
There's going to be a lot of roll-up chains.
We're going to see ZKE, VMs, et cetera, et cetera.
And right now we are still, we haven't adopted the technology.
So there's a lot of gamblers out here.
There's a lot of people who want to speculate.
And I think we just need a new shining kind of star to, to speculate on, right?
We had DeFi, we had NFTs, we had play to earn.
And in my opinion, the next one would be these roll-up chains.
And then maybe the next bull run will be more like technology basis and actual adoption.
But yeah, that's just a wild guess though.
Oh, that's a, that's a great, great take.
I do agree that there's some, you put some really good, decent points there.
And I think, yeah, that, that next, like, what's the, what is it going to be, man?
What's going to be that next, like, catalyst, right?
Like what's, what's the next to earn?
I, it's, it's going to be, it's going to be cool to see who comes out there and you're
right.
Like these roll-ups and stuff do provide some awesome technology.
Um, I'm really excited to see ZK sync, like whenever they do to launch a coin.
Um, that'll be, I'm hoping by the end of the year from them, um, that would be pretty
sick, uh, to see that start rolling out.
I think that's going to be a top 10 play for the next cycle.
Um, if not top five, man, that could be something special, but there's a, there's definitely
a bunch of, uh, sleepers coming out though.
I know, uh, my buddy Coco was telling me about what is it, uh, man, what is it mantra?
I think that's what it was.
Um, yeah, there's some, there's some, there's some ballers coming out with that.
I have some really good use and, uh, yeah, it's going to be interesting to see how they
position themselves and, and break into the, break into the market.
So yeah.
Awesome, man.
Well, dude, I appreciate your time today coming through, um, Walker Jordan or Jordan step
down Walker.
And so if anybody has any more questions, man, now go ahead, uh, or ask them now.
Otherwise, uh, we'll start running down the space here and it sounds like we're good.
All right.
I do want to, I do want to quickly shout out clouds and I see they came from the group
chats with shout out for appreciate it.
No, thanks for coming in guys.
I know today's a little bit lighter than normal for us.
I mean, it's been like this a couple of weeks now.
I mean, there's, it's, it's the market is what it is.
And we're, we're going to just keep running our spaces and still having fun while we're,
uh, taking an hour away from our, our daily, uh, grind of work.
So it's, it's fun to just get a little bit of, just get, just get a little bit of relaxation
because, uh, back-to-back meetings today was fun.
Um, but yeah, no, thanks everyone for joining here.
Um, if you have any, you know, any, if you haven't taken a look at Metatow, please take
a look at what we're doing.
And obviously if you have any questions, we're here to always answer them.
Um, we're a fully docs team.
Um, and we want to see this space really, really thrive in the future here.
So we're going to continue to grind and build, uh, until, until the world's ready for it.
So yeah.
Uh, thanks again for joining.
I hope, uh, everyone has a fantastic rest of their Thursday.
Uh, Enzo, man, let's, let's, let's, uh, get some of that top G, uh, outro here, bud.
All right.
All right.
So, uh, yesterday we had a lesson, uh, a daily lesson from my trading professor and
he's been in the, in the markets for, I think he said close to four years.
And he said the one thing that's allowed him to, to stay in the market is to constantly
fail and never give up.
And I think that's one of the things that, uh, you know, people tend to do as soon as
they, they mess up and they fail, they just quit.
And the one thing he said that stuck with me was that everybody that's successful right
now that we look up to every single person that's in that successful spot, everyone failed
their way there.
Nobody just woke up one night and it was an instant success.
So keep grinding.
You're going to fail and eventually you'll fail enough that you'll just fail your way to success.
And that is, uh, that is one of the things that I, I, I 100% agree with.
If you, uh, fight hard enough and life knocks you down and you keep getting up someday, uh,
life will just give you what you want because of your persistence.
So no matter what, just never give up.
And I hope, uh, someday you will reach whatever your goals are.
Let's go, bro.
Thanks for that, man.
Everyone have a fantastic night.
We'll see you next week, Thursday, same time.
Bye.
