Podcasts about cryptoslam

Welcome back to NFT Alpha, the channel that brings you the wildest NFT sales, upcoming NFT Mints, and mind-blowing NFT News, handpicked by Taco! The video starts off with an opportunity to join for a chance to win from the $1,000,000 prize pool from Owned! Owned mission is to bring the best of traditional and blockchain games together in one epic place so gamers can do what they do best, GAME! Next Taco talks about Jack Butchers' cryptic tweet looking like a collaboration between Chromie Squiggles and Jack Butcher ‘Checks'. This is bound to be very popular so learn more so you are early. Next, Taco looks into the new farming dashboard for Memeland! Enter now to start harvesting your Memecoins. The video ends on CryptoSlam.io looking at the top NFT sales over the last 24 hours across all blockchains.

Welcome back to NFT Alpha! Your #1 source for NFT news. In this video, Taco dives into Donald Trump's Second NFT collection which saw an impressive 350% increase in the floor price in just 24 hours! Next, we look into Dr. Disrespect's new snapshot for Midnight Society's new game Deadrop. Limited supply “Drivers Keys” are available right now! The video ends going over the top NFT sales over all the blockchains in the last 24 hours on CryptoSlam.io  

Welcome back to NFT Alpha! Your #1 source for NFT news. Today, Taco talks about an upcoming docuseries on CryptoPunks, the recent massive Noun holder exit, and top sales on CryptoSlam. Happy Monday, enjoy!

Welcome back to NFT Alpha! Your #1 source for NFT news. In today's episode Taco talks about the top sales on CryptoSlam, upcoming NFT drops that will knock your socks off, and CardanoLand. Hope you enjoy!

The dip in Solana's NFT market coincides with a surge in Ordinals, a type of NFTs on the Bitcoin network. Bitcoin's monthly NFT sales volume skyrocketed by 474% in May, reaching over US$189 million, according to CryptoSlam data. This boost positioned Bitcoin as the second most popular NFT chain, a title often held by Solana. Guest: Paul Sztorc, Founder and CEO · LayerTwo LabsLayerTwo Labs website ➜ https://layer2labs.com/

The most valuable crypto stories for Tuesday, May 23, 2023.This episode is sponsored by Ciphertrace."The Hash" hosts discuss the biggest stories shaping the crypto industry today, including hardware wallet provider Ledger delaying the release of a key recovery feature. Meanwhile, Bitcoin-based non-fungible tokens (NFTs) have risen to second place for NFT sales per blockchain, according to Web3 data platform CryptoSlam. Separately, new items on FTX CEO John Ray III's billing report suggest there is work underway for a reboot of the exchange. And, LabDAO, a decentralized autonomous organization focused on open-source drug discovery, has raised $3.6 million in a funding round.See also:Crypto Wallet Provider Ledger Delays Key-Recovery Service After UproarIn NFT Sales, Bitcoin Jumps to No. 2 Spot in a Matter of MonthsFTX CEO's Legal Billings Continue to Hint at '2.0 Reboot'LabDAO Raises $3.6M to Decentralize Drug Discovery-Ciphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.-This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The most valuable crypto stories for Tuesday, May 23, 2023.This episode is sponsored by Ciphertrace."The Hash" hosts discuss the biggest stories shaping the crypto industry today, including hardware wallet provider Ledger delaying the release of a key recovery feature. Meanwhile, Bitcoin-based non-fungible tokens (NFTs) have risen to second place for NFT sales per blockchain, according to Web3 data platform CryptoSlam. Separately, new items on FTX CEO John Ray III's billing report suggest there is work underway for a reboot of the exchange. And, LabDAO, a decentralized autonomous organization focused on open-source drug discovery, has raised $3.6 million in a funding round.See also:Crypto Wallet Provider Ledger Delays Key-Recovery Service After UproarIn NFT Sales, Bitcoin Jumps to No. 2 Spot in a Matter of MonthsFTX CEO's Legal Billings Continue to Hint at '2.0 Reboot'LabDAO Raises $3.6M to Decentralize Drug Discovery-Ciphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.-This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Rob talks early access, John reveals hidden gems, and they both run through their favourite tools, websites and personalities that keep them ahead of the game in the Web3 industry. Andr3w's Twitter: https://twitter.com/andr3w Anyo's WAX Academy: https://academy.anyo.io/courses/introduction-to-wax/ BeInCrypto: https://beincrypto.com/ Blockchain Game Alliance: https://www.blockchaingamealliance.org/ Blockchain Insider Podcast: https://bi.11fs.com/ Chainalysis: https://www.chainalysis.com/ Coindesk - The Breakdown Podcast: https://www.coindesk.com/podcasts/the-breakdown-with-nlw/ CoinMarketCap: https://coinmarketcap.com/ CryptoSlam: https://cryptoslam.io/ CryptoZombies: https://cryptozombies.io/ DappRadar Pro: https://dappradar.com/token/pro Degentraland's Twitter: https://twitter.com/Degentraland Ethereum Name Service: https://ens.domains/ Hacken: https://hacken.io/ Koinly: https://koinly.io/ Machinations: https://machinations.io/ NFTGo: https://nftgo.io/ NFT Insider Newsletter: https://nftinsider.io/newsletter/ 0xfoobar's Twitter: https://twitter.com/0xfoobar PlayToEarn: https://playtoearn.net/blockchaingames Right Click Save Podcast: https://rightclicksavenft.io/ Sanbase: https://app.santiment.net/ Unchained Podcast: https://unchainedpodcast.com/ Vitalik Buterin's Twitter: https://twitter.com/VitalikButerin WAXMarketCap: https://waxmarketcap.com/ Whiteboard Crypto: https://www.youtube.com/c/WhiteboardCrypto Produced by John Nichols of NFT Insider and Robert Baggs of Token Gamer. Watch Mint One on YouTube: https://www.youtube.com/channel/UC8rZbVByk9AZpvBSwdNsw8w Follow Mint One on Twitter: https://twitter.com/Mint1Pod "Voxel Revolution" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/by/4.0/

Theme: Stop calling everything a Ponzi A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers. Elements:Fraud or illegal activity Using money from new users to pay existing users The promise of outsized returns Lead by a charismatic salesperson named after Charles Ponzi. In the 1920s, Ponzi promised investors a 50% return within a few months for what he claimed was an investment in international mail coupons. Ponzi used funds from new investors to pay fake “returns” to earlier investors. Ponzi Schemes | Investor.gov.   Affordable project:  https://endofsartoshi.xyz/#   - Myth47   NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Justin Aversano Launches Brand New Physical NFT Gallery In LA  Jake Paul-shilled Animoon NFTs Turns Into A $6.3M Rug Pull In New Approach, Big Law Firm Uses NFT to Serve Court Papers on Anonymous Defendants | Daily Business Review  Salesforce takes crypto plunge with new NFT cloud | TechCrunch  PartyBid creator PartyDAO raises $16.4 million led by a16z  mfers next era & end of sartoshi  

Theme: Is GameFi dead? Many predicted a big year for play to earn and GameFi Halfway through year, many projects have followed Axie's path, with lower peaks Trad gaming remains largely against NFTs More time needed? Or time to move on? Affordable project: Connectivity by Tallzy (on Optimism) NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: NFT game Illuvium raises $72 million in digital land sales The Red Village Announces $6.5M Seed Round Led by Animoca Brands and GameFi Ventures Fund | The Paradise News Budweiser's Clydesdales Zoom Into Ethereum NFT Racing Game Zed Run - Decrypt    Epic Games Store will host its first web3 game this year  Tightly Curated NFT Platforms Are Opening Their Doors in the Wake of The Crypto Slump 

Theme: Legislating NFTs New proposal released this week from Senators Gillibrand and Lummis Most crypto products would be treated as commodities, not securities NFTs are a new asset class, with further clarification to come no taxes on crypto transactions under $200 Affordable project: https://www.degenlabz.xyz/ - Block_Bounce https://opensea.io/collection/dgnkdz    NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Crypto Legislation Is Coming Altcoin Buzz  Bitcoin miners urge New York's governor to veto moratorium passed by the Senate  Bored Ape Co-Founder Blames Discord After A 200 ETH Security Breach  Forget the Crypto Slump -- Pace is Furthering its Web3 Ambitions by Partnering with NFT Platform Art Blocks  Ethereum's Ropsten proof-of-stake 'test merge' goes live    Transcript:   [00:00:00] George: Today on all about affordable NFCS we're talking about legislating, non fungible tokens. There may be actual, real semi coherent policy making its way through the bowels of our government, which we can cover the high notes and share with that. But first, Andrew, how's it going? Anything new in the wallet? [00:00:24] Andrew: Oh, new and the wallet. Uh, man, I wasn't actually ready for that. I did pick up, uh, our blocks most recent. Um, it was recent curated piece. Uh, most our curated collection as a collection of 500 a day picked up one of those and luckily was able or picked up two of them was luckily, luckily lucky in my, uh, mince and got one re uh, rare gold one in there. [00:00:47] So I was happy with that. Um, kind of a cool piece that it, uh, They all generate noise from them. And it's a, there's a digital piece to it, but it doesn't actually loop. So it's, it's interesting. They're not, um, on the surface as just individual pieces, they don't look all that interesting. But we, when you dive into it a bit more, it's, uh, there's more going on there. [00:01:08] So how about you, you pick up anything. [00:01:10] George: Well, a couple of our projects, which I'll disclose, uh, a couple of deejaying kids and a admitted, uh, and to start Tosha, which may come up as a future project, but I have disclosed it and we shared it in our discord. I also, for whatever reason, I can't, I can't say no to two breeding horses. I got a couple, I got a couple of mayors that are just fantastic horses and I just keep breeding. [00:01:32] I'm not sure why [00:01:34] Andrew: you got to do [00:01:34] George: not even, I'm not even naming them yet. [00:01:36] Andrew: you gotta click buttons. You gotta put transactions on that chain. It's just, uh, it's, it's addicting. You can't get away from it. So even in a bear market, you gotta find something to do, right. [00:01:47] George: Yeah. I want to be clear there's there's no, there's no window to profitability. Unless one of them ends up being like the next, the next great hype, um, which from a probabilistic standpoint is a low breed, decent horses, but it's been rough and the old pony game anyway, let's uh, what's going on in the news. [00:02:04] Andrew: Yeah, well, you know, it's been, been awfully quiet out there for them in terms of trading overall volume has been low, but we do have big news. As you mentioned, we've got. Uh, some legislation that was proposed this week, a bipartisan bill coming from senators, Gillibrand in littleness. Um, so we will get into some of the details of that later, but it is, um, it is nice to see that there's something going on here. [00:02:29] Um, General. It was one of the big things. So for NFTs is that we're going to seem to need to wait and see how these, uh, how inept use will be, will be treated, what they are looking at, creating a new asset asset class for NFTs. So that is that's interesting, you know, we don't know what that means quite yet, but it does mean that there's not really something out there that seems to be a good fit for what NFTs are. [00:02:54] And I would tend to agree with that. [00:02:56] George: Yeah. Well, we currently have is not working so hope. Hopefully there is some intelligence coming. [00:03:06] Andrew: We'll get more into that later on. Um, so another bit of, uh, sort of legislative news here. Was it New York? The state, just a, um, they passed eight are they let's see, they are going to continue. Putting him with a moratorium on against big claim of minded usage in the state. They will not allow Bitcoin mining in the state. [00:03:30] So I, I do find this interesting. I don't see many other, uh, technologies or use cases of electricity that are generally, uh, forbidden. there being other reasons that they're breaking the law. So, um, this is interesting, you know, we'll see, you know, I'm sure that there are what we've already seen, that there are other states that are quite welcoming to, uh, to minors. [00:03:54] Um, but you know, that's also quite a change at some point to at least for, for the Ethereum mining world. So, um, interesting. That this has happened. I think this may, you know, we'll start to see, we've talked about this, how it just becoming a bigger political issue. I think that crypto will become a bigger issue as we go here. [00:04:14] George: Yeah. In general, when you find yourself limiting the freedoms of what Americans can do with public utilities that they pay for, um, Americans don't tend to. It's not a thing. They, uh, they really rally behind. [00:04:26] Andrew: No. Oh, and it would not be a podcast episode without talking about a scan and of course, board apes. And I don't mean that those always go together, but we do see a lot. We do see a lot in this time was it was a 200. Security breach after someone gained access to their discord, posted a link for minting, some sort of new project. [00:04:49] Of course, people Abe right into that, uh, before verifying if it was a legit link or not was not spent 208th. So, um, one of the board, eight founders after this came out and blamed discord security on this, you know, at seams. Uh, I don't know. It seems like board the board ape or the Yugo labs team seems always seems very quick to point the finger at someone else when something goes wrong. [00:05:18] A lot of other projects have had these issues happen and they take responsibility and deal with it. And you know, it's certainly not the first discord scam that we see not going to be the last and it's not unique to subordinate. [00:05:33] George: So for those of you keeping track, it was a theories fault that they duffed the mint and there were problems there. So they're gonna build their own layer. Uh, it was probably Facebook's fault when their Instagram got hacked and people got stolen. It's now discourse all that. They lost their passwords and password management for it. [00:05:53] So right now, just to keep telly at home on their to-do list is build their own layer. One, build their own massive photo sharing website and mobile app to compete and basically fix what's wrong with Instagram and all. Recreate discord, a, a massive online community for secure, uh, conversations in groups. [00:06:13] I feel like they got a great roadmap here. [00:06:16] Andrew: Yeah. I mean, I think I've seen this playbook before, you know, startups that just decide that they can take on everything in the world because one thing's going well, it's it usually works out quite well. Right. Is that, is that true or do they [00:06:30] George: I never read to the end. [00:06:31] of any story or book. So I'm always on the, like the heroes rise and never get to the conclusion of anything. So I see nothing wrong with this pattern of behavior. [00:06:41] Andrew: good. Yeah. All right. Yep. So Turkey's doing well too, right? Never get to the end. What their, [00:06:50] George: No spoilers. [00:06:52] Andrew: all right. So actually I should mention that the board ape community. The, or the dowel or the members of the Dow. So those are eight token holders just voted against the proposal to move to a new chain or to start their own chain, whatever it was, they want to stay on the Ethereum network. It was a relatively close, uh, vote. [00:07:14] I think it was about. I came on 55, 50 7%, uh, against moving off of a theory them. So there were a couple of large holders. I think there was one that actually had about 17% of the votes. So, um, he realized that ha only takes a few holders to, to really swing things there. And, uh, they are staying on Ethereum, which as we've said, I think is the right move. [00:07:34] That's where they got their start and it has helped them immensely. So I think that's good, but you see a large part of the community still wants to leave the network. [00:07:42] All right. Next one here. We've got, uh, pace, uh, the pace, art, art gallery, or art. Uh, what do you call it? That I know the name pays art. Um, but they're partnering with. Um, just ahead of NFP NYC, sounds like they will have a gallery open during the event. Um, so certainly it lends more credibility to, to generative art, uh, such as those that are, uh, produce bone, the art blocks platform [00:08:13] George: Yeah, you love following the, uh, the art box stuff. And, you know, we talked about not NYC. She getting ready for a ride. You punch your ticket yet. [00:08:22] Andrew: going soon, going soon. [00:08:24] George: Nice. [00:08:26] Andrew: And then one more, uh, we mentioned this here, that we've got the Ethereum proof of stake customer has gone live. So what does that mean? It means that one, the first test that they have several test networks of the Ethereum network, the first one for the, the merged. Ben talked about where proof, where a theory that moved from a proof of work to proof of proof of stake network. [00:08:56] Um, the they'll do, I think it's three or four. I think it's three different networks to test this out. The first one's gone live, it seems like it has gone. Uh, there was one little, uh, issue that. Figured out pretty quickly. So that is good news. They'll continue to do some work tests. Sounds like if everything goes well. [00:09:14] Um, if ever as far as testing here that the merge could be live by August. Uh, one of the core developers of Ethereum has said that it would be no later than December, so they are pretty confident or they're very competent that it will come this year. Um, you know, we can talk more about that. We've alluded to, to this in the past, but it will be a big difference for the network as far as for, for, uh, NFT users for collectors. [00:09:40] It shouldn't really make much of a difference in order to make any difference in what we're experiencing or doing on the network, but it will be big for, um, uh, for some of the arguments against NFTs and also for, uh, the scalability of Ethereum in general. [00:09:56] George: Yeah, I think we've put off having a speculation of what this means, because the mergers like this they've mythically talked about it as early as 2017. So, you know, keep that in the back of your mind, but this is a very, very positive, real code, real push and real example of something going well overall, you know, the highlights is that it won't decrease the cost of gas. [00:10:16] So, you know, transferring your NFTs are still going to be ridiculous at the time and wait for gas. It will, I believe increase, uh, the underlying asset for a number of reasons, which means that your. And FTS will, you know, appreciate it, that at that value. Um, and it's a good sign for, for that network and the base hopefully, but who knows? [00:10:40] I feel like we should do an episode on it and just speculate. It's not ready though. I want to wait until like July when it's like more of like a, an incoming thing, [00:10:49] Andrew: it's coming. July. July is around the corner. I mean, here, this, this episode is what we are getting towards. Yeah. We're mid junior. [00:10:58] George: it? A late? Let's wait for a few more tests. Net runs, and then we'll just speculate on, uh, what we think the merge might do to NFTs [00:11:05] Andrew: absolutely. We should. I love to speculate and then be wrong. [00:11:10] George: and then delete. Do you ever go back into the edit it? No, we're too lazy for that. All right. Do we have yes and affordable project. Okay. [00:11:20] Thank you block bounce for sharing this, uh, pretty ridiculous project D Jen's NFT. And you know, I'm not quite sure where to begin other than first off, you have to go to this website, but also like Warren be warned when you do, because it's, um, it's very noisy. [00:11:43] And so with this kids, it's, uh, I have thousands of collection of 5,000 of these things. And I can't even think with this noise, it's a collection of. Yeah, 5,555. The creators are doxed. The actual leader of it is a very, very young, I think they're like 22, but also there's like a web dev involved. There is a marketer involved. [00:12:13] So, you know, you actually know this team. The actual art is pretty simple. I'd say this, you know, comic base, but they're trying to harken back. There's windows themed website and there's like flappy birds on it It's hilarious. It looks like literally like your windows 95 background is so there I'm missing new drops and other pieces around that current floor sits around 0.03 for, uh, owner to item ratio is about 50%. Which is kinda, which is good, you know, in terms of distribution and they have an active discord though. It's a little weird because I'd say that the number of people in this discord is far more than the number of holders. There's always like, all right, they may have juiced, uh, they may have do some numbers, uh, along the way, uh, to have a total number of discord legions at 34,000, but only have 27 holder 2,700 holders means yes, Yeah, they did some, some hacks to get that number, number, number, go up. [00:13:11] Andrew: Yeah, it definitely looks like they've played around with those numbers a bit. I love the love, the website here, windows 95. I actually had clicked off that, came back to it and was trying to figure out what was going on, on where the page went, because there was just all sorts of lines, moving all over my screen and then realized that they built in a screensaver for this site as well. [00:13:33] So it's a, it's a really cool site. I like it. I hadn't heard about this until we were just talking about it right before the show here. So checking it out. I do like the, uh, like the art here. They're all animated little pieces or if they all have an element of animation, um, That is, I don't love when I see the numbers being way off like that, you know, I, uh, uh, you know, I'm sure that it's, it's, we know that it's not the most common, um, practice out there, but you know, like to see when things do grow organically, um, you know, and I'm sure that it sounds like they are doing that as well, because we've definitely had this bro, you know, thank you for bringing this to us, uh, block balanced by the way, you know, so they're definitely getting organic growth as well. [00:14:15] So that's good to see. [00:14:17] George: Full disclosure. Three of these things around somewhere, uh, they've got this poison drop coming, but they're doing it in a clever way. Well, they'll, you know, drop an extra thing that as they claim will be. Important in their ecosystem, but you have to have an unlisted, so you can see there, they're playing the game. [00:14:36] They're trying to get people to D lists so that they can more quickly like manipulate the floor and manipulate the price and value. Like they're marketers, they're they're savvy and you know, they're, they're going to hustle for a bit. So, um, I wouldn't say this is a long-term hold, but, um, I'm playing the game. [00:14:54] I'm playing the game. Cause it's interesting watching these like Freemans and Lomans like some random ones are just taking off, uh, with a team and energy to just, not as many as before now, the overall market was about 5% down over the past week in terms of like NFT volume. But it's still things that are taking off randomly. [00:15:14] Andrew: Yeah, that's true. There's definitely, there's definitely still movement in some projects here and there. It's, it's sneaky because there's like you said, not a ton of volume out there. So you got to look closely to find it right now. [00:15:25] George: Yeah, exactly. And I did, I did see some volume and that's one of the things that actually initially attracted to me or attracted me to it. Like they quickly mint it out. So there was a hype and interest and, you know, Ms. A team with a plan that stocks. Okay. So, you know, my financial advice and talking about JPEGs on the unit. [00:15:41] Andrew: All right. Yeah. Thanks again. To block bounds for bringing that up. [00:15:44] George: Legislating NFTs. I'm excited. I just, I, you know, I, uh, I thought this day would kind of not come, but there are top line points, you know, to pull out that are in this proposed bill. It was, uh, I can't believe that they did this, but guess how many pages the proposed bill was? [00:16:06] Andrew: 69. Was it 69? [00:16:08] George: It was 69. So 69 paid proposal. Somebody did that on purpose [00:16:15] Andrew: Oh, man. Yeah. Well, [00:16:16] George: that doesn't have an [00:16:17] Andrew: there's N yeah, there's no better way to ingratiate yourself to the crypto community than by following the meme. [00:16:26] George: Ha ha you must obey the means, but there, uh, I mean, so actually, you know, in keeping with that, it was it's actually, I'd say net, net favorable, um, one is they're proposing. It'd be no new taxes on crypto transactions under $200. So that's like a nod on saying like, look, if I'm doing it as a transaction, why do I have to pay capital gains on something? [00:16:47] Also acting like a currency. So that is a, that's a huge, huge, huge thing. If you're talking about that, um, people have the right to self custody of their digital assets. That is awesome. Meaning that, um, if you bought something on a platform that was acting as a custodian and they didn't allow you to also get your own wallet involved or export it, like that's not allowed. [00:17:10] And that's a fantastic standard. Another one, most crypto assets are viewed as commodities rather than securities and, you know, super complicated when you get into it. But right now they're looked at as commodities. I think that's good overall because the sec does not like [00:17:28] Andrew: Yes, less SCC involvement I would say is generally a good thing. [00:17:33] George: Yeah. Yeah. I think that's, that's the good Cliff's notes on It [00:17:36] Andrew: It would make it a lot more complicated for, for NFT or for crypto projects in general, if everything was a security and you had to basically get here to all of the sec regulations when creating any kind of crypto project. [00:17:52] George: Yeah, very, very common. Mining taxes, mined Bitcoin currently taxed as income at the moment it gets mined. I think this is also like a touch on like defy as well. Like the moment it gets my versus realized. So like, there's a question of like, has this been realized yes or no? And you actually can get stuck with a pretty big tax bill from something that fluctuates in price after it gets dropped to you. And this could also be. You know, you know, we talked about, for instance, like flower fam things that are distributing coins to you, does that happen at the point that it was distributed to you or the point that you move it into its next phase? And that's a big, big, big difference sometimes, especially, uh, speaking to somebody who held Elvis at two different points in time. [00:18:38] And when they were worth a thousand X a different. [00:18:41] Andrew: And which way are they? I'm sorry, I didn't actually see that part. Which way are they going to, are they proposing to legislate that? [00:18:47] George: Yeah. So they're saying that, uh, the bill is proposing that miners will not be taxed after they sell. So it's the moment of sale, not the moment of distribution. Right? [00:18:58] Andrew: Great. Okay. That's yeah, I'd say that's much more fair to, to the minor, you know, there's less pressure to sell them too, because when you, if you're texting on the point that you get it, you sort of need to sell some immediately to cover those taxes. And that's not great either. [00:19:16] George: Yeah. There's a lot of problems there, especially with how quickly, again, like these currencies can change. And, uh, another big one is that stable coins have to maintain a hundred percent reserve intent. Luna. [00:19:29] Andrew: Yeah, that's obviously a good one to have in there after the Luna disaster. Um, although I, you know, I'm not sure that it will, I don't know. I'm not sure it would have prevented that, that problem in general. [00:19:43] George: I mean USD T right. Tether, classically as like, uh, a varied bank of assets that back it, but where it's not entirely clear what those assets. They actually had the firepower to withstand what seemingly was a follow on attack to them. But I think a logic, a lot of those things are just logical. It's like I quit. [00:20:03] I couldn't believe how much common sense was in this bill. And I was, I was shocked actually. [00:20:08] Andrew: Yeah. I mean, it seems good overall, you know, we, you know, it would be great to get some more clarity on how NFTs will be treated. Uh, sounds like we are going to have to wait a bit for that. Um, a new asset class makes me think that, you know, there's at least some consideration being given to the accident. [00:20:27] These can't be treated with. With what we currently have in place. And, you know, I'm hopeful that that means that we will find something that I don't know isn't treating every sale with under a year, like a short-term capital gains sale. Um, I, you know, I think that we need to find a better way because the taxes right now in, in on NFTs are, it's a big, it's a big cost when. [00:20:55] When you're trading these and you know, at this point, there's certainly, it's certainly difficult to say that you're going to buy and hold for over a year. Um, and in most cases, [00:21:07] George: But think about the functionality as well, that is ultimately hampered in any sort of forge mechanic. Right? So for a thing where I have to take two entities and merge them together to get a new thing, what did I just do? I just incurred a short-term capital gain tax on. Those those assets. And now I have this new asset, like it simply doesn't work treating it as this type of commodity with these types of, uh, short-term long-term gains, uh, involve it. [00:21:34] It's hampering the tech in the same way that when online stores and e-commerce first came out and they were like, well, how do we do sales tax? Because it's on the online, each individual statement still like a bit confusing, but there are some standards that have rolled out that said like, okay, here's a new technology and a new way that things need to operate. [00:21:52] Andrew: Yeah. I mean, something that did happen, you know, you're right. That, that did take time for taxes to roll out with correctly with e-commerce and, you know, brought to mind. Amazon fought against those for so long. And then once they sort of had their position, you know, we're quick to, to fight for tax laws being put in place. [00:22:14] And I do hope that, you know, we, aren't looking at another situation where it's helping the current, uh, or the established players and, and at a, at a detriment to, uh, to. Players that are coming up in the crypto market possessed. We know we're still very young here and we need a lot more new things coming up. [00:22:35] So I hope that that is, you know, that we are really fostering innovation in this space. When, when this, uh, built is finalized. [00:22:44] George: Yeah, I didn't see any note on like when this might. Come through at all. I feel like they have a slow summer to get here, but I'd imagine sometime this year. [00:22:56] Andrew: Yeah, I would hope so. Um, you know, Uh, well I'm sure. See lots of, uh, political, um, I don't know, arguing about this as we get to midterm elections as well, because I think that, you know, as I say, I think crypto will become a bigger and bigger issue in elections and politics in general. [00:23:17] George: I think you're right. The crypto friendly politician and policy was going to be a very, very quick button to get pressed for money. Little thing I know about politicians, they like money. And so if you're saying that, Hey, we're crypto friendly and I have crypto friendly policies. See right here, you're going to get support from the community. [00:23:38] You know, notably, you know, same Sam Bain and freed said he may be dropping. Seriously, billions of dollars on this election cycle. And it wasn't saying that it wasn't going to be explicitly around crypto, but let's be honest. If a crypto multi-billionaire is becoming a, you know, active political force, it may Dawn on you that you may have the need to have a crypto policy in mind. [00:24:04] And probably be one that is semi favorable as are frankly. Most tax law policies that favor the rich in our country. Anyway. So like you're, even if you have small bags, you're like you're on a big wagon. I think. [00:24:20] Andrew: Yeah. You know, it's a good way of putting it. Um, you know, we do have to hope that these people, we have to hope that the crypto industry fights the right way and you know, and it does make me concerned. There's a lot of really big bag holders that don't necessarily need to, uh, that don't have the, aren't looking for the same outcome as a lot of other people that are in crypto as most of the people that are in crypto. [00:24:48] Um, you know, and they, you know, just be careful, I guess, as we're, as we're getting into this, the pro crypto, um, stance can be a wide range of things. [00:24:59] George: Yeah, that's true. There's a lot that fits under that umbrella. And it's easy to paint right now with one brush because there's, there's only like X number of million wallets involved, but once that starts getting up there, there's going to be a wider array, I think is really good though. A reminder of how early we are in NFTs, like genuinely early, like the asset class and tax laws have not even been established for this technology yet. [00:25:27] And now once it does get there and you'd have the U S government taking seriously, the idea of crypto and non vulnerable tokens and this idea of digital ownership as something that's going to be passed into law. And once it does, it will definitely. everyone is not coming, but it is a strong narrative for why this is not a fad and why this will be here over a longer period of time. [00:25:52] Andrew: Yeah, I'm looking forward to seeing the, uh, the NFT section of the wall street journal at some point. [00:25:58] George: Oh, the fact that they're not selling their own pages, just silly, like sell your own bed, like the times should be doing it every day. It's such a no brainer for money. I just feel like there are just stodgy humans that are just like, we can't do it on principle. Like cool. Is that the same principle that lets you run all those ads? [00:26:17] Andrew: Hi magazine has managed to move ahead. Somehow nobody was paying attention to time magazine for a long time. And. They decided to get active in NFD isn't there. I don't know. They're certainly they're active and they're doing new things. And I think they're bringing in a whole lot more in digital revenue than they were before. [00:26:40] George: Yeah. Well, when your back is against the wall, you tend to try new things. And so there you go, right? Desperation brings out innovation. All right. that's what I got. We'll follow it. If there's a new, a new vote or something moved on it. I love speculating on this kind of thing, but positive. Wow. Positive things. [00:26:59] Andrew: All right. Good talking to George. [00:27:02] George: See ya.    

Theme: Insider Trading JPEGs  Nathan Chastain, formerly of OpenSea, charged with “insider trading” in the form of digital fraud What does this mean for crypto exchange employees, influencers, NFT project creators, private discord members, etc Blockchain & social traces gives public & “definitive” proof not available in other industries   Affordable project: Ancient Courses of Fictional Rivers by Robert Hodgin  NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Former Employee Of NFT Marketplace Charged In First Ever Digital Asset Insider Trading Scheme | USAO-SDNY | Department of Justice  PoolTogether Launches NFT Sale to Fund Ongoing Litigation - The Defiant  Golf equipment brand Callaway forges relationship with NFT club LinksDAO  New NFT Scam: Skills Of Arcade Malicious NFT Is NOT Legit  Transcript [00:00:00] Today on all about affordable NFTs, we are talking about some insider trading JPEGs. We're getting pretty serious here with this, uh, open sea accusation. We'll get to that in a little bit, Andrew, how's it going? What are you seeing? Uh, well, see in this, this news about insider trading here, but, you know, just to be clear, this is, this is available to everyone, everything that we talk about here on this podcast. [00:00:24] So this is publicly available information. As of now, anything that we are saying, these words you hear right now, we have disclosed. Also sometimes we do. I will. So we're making a joke about like, you know, when information is publicly brought or not brought. Yeah. We'll get into a bit, so yeah, what we're talking about here is Nathan chesting formerly of open, see Nate dot E uh, he has been charged with a form of insider trading. [00:00:53] It's basically some digital fraud, uh, by the FTC or the, by via the FTC. And so he has by actually facing. From, uh, the district attorney, right. Of New York district in New York, they don't mess around. Yeah. So yeah, they, they have church and with two different accounts here of insider trading, because he was, uh, buying up, uh, some collections before featuring them on the front page of open seat, then selling them afterwards. [00:01:24] Th this is all through not his main Nate dot Edith account which, you know, certainly doesn't. Him here. You know, what's, what's I don't know. What's kind of funny about this is that it's, we're really talking about, I think about 10 Eve that he profited and, you know, compared to many of the other scams that we see in this space, this is a relatively small amount and I'm sure, uh, you know, certainly not worth whatever. [00:01:48] It certainly wasn't worth risking his job for this. So, you know, obviously a huge mistake here and now, uh, facing much bigger, much bigger potential, uh yeah, losing the word here. Uh, yeah, I've seen criminal, uh, sort of criminal consequences and you have to 40 years because of the per count issue on each of the. [00:02:10] The notes that they've found in this case. So, I mean, 40 years for front running JPEGs is, is real, but let's take a step back though. You know, what may be happening is a larger precedent. Obviously like the Southern district of New York. Do we want to get a lot of work? But right. Great. Now we're maybe we'll get into this more when we want to get into this. [00:02:29] This is worth talking about a whole lot more, but that is the news. That's the big news. That's a, you know, kind of all over NFT world right now. And hard to ignore that. So we will get into that a bit more. Well, a couple other things going on here, uh, we've got pooled together. A, so this is a, let's see a, sort of a. [00:02:47] they like to call it a loss. That's the problem. I guess I shouldn't say that it's a lottery. That is the problem is being called a lottery. And really it's a savings account. You put some in there, you don't lose your eith or whatever you, you put in there, your state get, essentially you say I'm not going to remove it. [00:03:03] Then they earn interest with the. That is in there. Somebody gets all of it by, you know, they pick a winner. Anyway, there is, uh, a lawsuit out against the, the, uh, protocol here. So the founder is, uh, trying to raise money to, to vend himself and, uh, against these charges. I believe the person that has said has brought the charges, traded about $10 worth or some that are deposited about $10 where something very minimal. [00:03:29] And so it's pretty clear that they were looking to. Yeah, looking to make a lawsuit out of this. So whether it ends up being frivolous or not, as the founder has called it you know, he needs to defend himself. So he is trying to raise funds via this, uh, pull together and FTE sale. It looks like, I think it's up to about 1,000,900 thousand or so right now. [00:03:52] So that is out there. We've got a link. I have not I haven't actually purchased one, although I feel maybe, you know, maybe I should support, uh, someone trying to do something. Excited or at least what I think is on the right side of crypto right here. So interesting use case here, you know, we've seen this in a few other places and you know, I like that, that, uh, there is an option to, to raise funds where you and NFT. [00:04:13] Yeah. It's power of entity with a purpose and we've seen it, uh, uh, times before, but rallying against the sort of injustice. Right. And so that all that will drive it. I mean, it's clearly not for a revenue break here. It's more for a statement piece. And you know, if it goes down as a, is a historical wind potentially. [00:04:30] That, you know, that could be an interesting point of point of pride if you're, if you're picking it up, but yeah, you got some dollars go, you know, let's say that pool together goes on, uh, to, to be successful here. I think there's a decent shot that there could be a, something for the supporters down the line. [00:04:47] Yeah. It looks like they've got a 769 east goal because of course, 69. And, uh, there, there are about 530 these on they're on their way there. And they've got the mid now@mintdotpulltogether.com. So we'll toss that in. I mean, he can find that. [00:05:03] All right, moving on to the next one here. We've got okay. Yeah, we've got the links down. This is a Dow, that's one of promises to buy a golf course eventually, but they have actually forged a relationship of some sort with Callaway. They are supporting them and I'm not exactly sure of the details, but I saw that they, uh, you know, had kind of hinted at some big news coming out. [00:05:23] And I would say that is relatively big news. Calloway's is a big known golf brand and they are, uh, And dinner a partnership of some sort with a Dow. So hopefully this keeps going and they can, you know, this can be one of these success stories of a Dow. You know, we've seen a lot that have not been able to achieve, uh, their stated goals quite quickly. [00:05:44] Uh, so, you know, it's nice to see that this is still going and developing into something. You're going to see you. I think, uh Dows and NFT. Extend into membership and SAS relationships quite a bit, right. Anywhere web two has previously been like, Hey, you know, buy a credit card thing and you're in a database. [00:06:02] Like there's just an inherent power to moving that. It's also a collective ownership. And I think we're going to see that more in sports, and you're gonna see that, uh, for sports teams. And it's interesting to see that for, you know, classically a golf course, which traditionally is supported by member fees and. [00:06:17] Question is after the initial one, what happens on year two, right? That's the ongoing, or maybe you get the option to mince your year two and who knows, but that's yeah, we'll see. I mean, you know, I think that's a, it's an interesting analogy to say that it's essentially a member owned, uh, club and a member of members own all of the pieces of a collection and, you know, kind of up to the members to figure out how to, how to fund that and move, keep moving forward each year. [00:06:45] I would just love this, like, sort of like that, like dowel voting on whether or not to make like the steepness on like whole 12 higher or lower. And I do agree it's too fast. It's to put it to a vote. [00:06:57] All right. And lastly, this is a scan that I've seen pop up recently. Uh, I definitely noticed this in my own wallet. Some pieces showing up in my wallet with offers on them of an offers of like 0.7, eight or something. And the, the scan is here that they won't the offers won't actually be valid. They tried to eventually get you to go to another to their site which will immediately pop up where it strikes, uh, a, uh, met a mass sign and trying to get you to sign a transaction immediately. [00:07:27] You know, and that's obviously dangerous, never want to never want to sign anything that you aren't very clear of what it is doing. But that is a new one. So just be on the lookout for that. If you do see something show up in your wallet, that's not that unusual. It's more unusual to actually see a relatively, a decent size offer on those. [00:07:45] Do not try to accept those, you know, we can hide that in your open seat wallet. Uh, just be careful always once you click also, interestingly, buried in this story is that open, see recently made its code a fully public available to the public positive, negative implications, as they say, but hoping that others will help able to provide code improvements. [00:08:06] So we'll see. [00:08:08] All right. Well, that is it for headlines. We'll, we'll move on to our affordable project, which I have one for us this week. Are you going on fire? Actually, you're OSA. NACI I'm gonna pronounce that. Right? B O so Nachi just been creeping on up, creeping on up. I hope folks in discord grabbed on that. It's not a bad pick before, so yeah, that has done, that has done love and happy. [00:08:31] You know, I don't want to pat myself on the back too much because you know what happens in this space. Oh, [00:08:36] all right. So with that being said, I do, I have an art blocks, uh, collection here called ancient courses of fictional rivers. The artist is Robert Hodgkin, a artist out of, I believe he's in Brooklyn has been doing generative art for some time. I'm really impressed with some of the physical prints that he's done. [00:08:54] Although I don't have one, they're almost sold out. He has a monster. Definitely recommend checking those out. What this collection is, is a thousand pieces of generative art, you know, eat. So we've talked about this a bit in the past. It's meanings that the code is run. There's a thousand different variations that come out. [00:09:09] The idea here is it's. These are rivers. Over time, they're not real rivers, but you can see different how they move over time. And then the civilizations that sort of pop up around them. When I first was looking at this full disclosure, I do have a few of these. They were under 0.2 Eve 0.2 was the was the lowest mid price. [00:09:29] They did a, uh, they do a Dutch auction with curated pieces. So it pointed to was the lowest price that they got to, they did get down to there. After starting, I believe at three Eve sort of hit at a. Know, not a great time where there wasn't much wasn't much going on at all in the NFTE space was pretty quiet and I feel like they had snuck through a bit. [00:09:51] So I was able to pick some up under 0.2. There's a couple still under, uh, under 0.2, five. I think the floors are on 0.2 right now. I really liked the look of these and, uh, you know, I should say that, uh, my wife, my wife also helped me, uh, come to this collection. She hasn't seems to have an eye for, for some of these. [00:10:10] And definitely helped, uh, helped me pick some of these out. I think that the collection looks nice. I don't know how fast people may. To this collection, but it does, it seems like a relatively low price. Especially if you can look around, it's not moving real fast. And I was able to even get one offer accepted at 0.15. [00:10:31] So there are a handful under that at 0.2, five and under, and I think it's. Worth checking out for keeping an eye on, if you, uh, if you're looking for an art blocks piece, there's curated collections, they've scaled way back and how far and how often they're offering them in a number of pieces in these. [00:10:50] And I definitely noticed that our blocks in general has been minting out many more projects recently with some of the changes they've made to, uh, the collection sizes. And I think. That's something that I like in, in, in this is that you've got a lot of collectors people that are looking for maybe to put a few of these pieces together and not just hold one. [00:11:09] So I think that the. If you can get in at art at it. Good art books. I mean, on a good art blocks project at a relatively low price, they will hold some value. Well, over time. So I like this one, there are blocks had this big boom, right. And to get into our blocks because there's many people joining us for the first time, our blocks would just popping off last summer. [00:11:31] So an option like this, right. To have gotten into it, it would have been one again. And the floor would have been like for you just because it came from, and this is important, the curated side. Cause there's a lot of. Like there's like the art box other projects, and there's like a curated area. So the hit factory playground curated is, you know, that's, that's the primary stuff. [00:11:51] It's the stuff that I focus on the much, the most. And yet there was a time where this would have been at certainly over one the piece, but I think they would have been up to over three just because it was in our blocks project. Our blocks is definitely cooled down. You'll still see some, you'll still see a lot of floors. [00:12:08] That's. That are people selling off at a pretty steep discount to what they may have paid, but I think it's also come around a bit where people have overlooked. Some of the, the quality collections because of that sort of disappointment of price that a lot of people are experiencing. You know, it's hard to go talk about it when you're, when you're selling a piece for a, uh, for a pig, a loss, even if you're selling it for two and a half feet, you know, that's, now it looks like a good sale, but not so much if you, uh, if you hyped in at 80 or something, Yeah. [00:12:42] And just to coming back to, uh, this particular artist, I will say, just, just to note on the art, I have never seen anything like this. It is just mesmerizing. It's an active piece that actually develops, and there's like, you can press different buttons to reset it. And it is a very beautiful dynamic. The, the artists has got a lot of work behind it and actually looks like about 25% of this goes to a social impact causes, including not limited to the environment and Ukraine. [00:13:11] So a nice narrative there, but, uh, that this guy has got a bulk of work that he has put out there. And this is, this is good looking stuff. You know, I was looking at art blocks too, and I noticed that the, the squid. Which were the first, I believe original drop by snow fro in blocks arena. You know, they peaked it like they were going for like what 28th or something absurd at one point. [00:13:35] And now down to like six Eve, which is very interesting as well that, like, I think there's a very sort of, it's not going anywhere, at least from where we stand in terms of Capitola art and its role in NFTs. But the whole ecosystem there is significant. Yeah, overall. I mean, you know, like I was saying, I think it's way down there. [00:13:56] It is way down from where it was. They are, you know, I should, I also do some work with our blocks, you know, I know. So I should disclose that as well. But they have made some changes to how many, like I said, how many pieces they're offering in collections, how, uh, how often they're offering collections. [00:14:13] So I think they have a max of two collections they'll do per week. And that means. Anything across their curated playground and factory projects. And so the last factory one was a called daisies that sold out relatively quickly, I think about five minutes, but it was, so it was a collection of just 200 pieces. [00:14:32] You know, I think that that is a more appropriate size for a lot of these collections that may otherwise struggle to, to mint out. But then you see. It doesn't take that many collectors to, you know, to show some demand there. And I think that's appropriate 0.5 eith floor now after minting at 0.1. So, you know, in general, I think it's worth checking out our blocks a bit. [00:14:52] If you want to get into degenerative art right now, there's some, the, the new mints are. Are going at a good speed, but not gas wars. So, you know, it's, you gotta be ready, but you know, ready to go, but it's not something where you have to, uh, to really pump up the gas a lot to, uh, to, in order to get your transactions. [00:15:13] Right. So that that's been good. Great. As I'm saying, this for price is a 0.2, looks like a, about 541 owners for those thousand items. As you mentioned, danger, you, you do own. Uh, a number of these and it looks like it kind of came out early, April dropped, uh, no, March 29th and is, you know, kind of been steady, but hasn't, hasn't blown a woman, the doors off. [00:15:38] And so this was one of those that was interesting, fine. So far, you know, I think I may, I may go with on this. I may go with similar to the us and Archie. I think there's a no good are good time. Good value. All right. Yeah. I'm going a little long there. So we will move on to our insider trading JPEGs in trader trading, cartoon animals, whatever you want to call these things, you know, we're, we're flipping JPEGs out, right? [00:16:05] And now it's insider trading and woo. This is big deal. This is a big deal. It was a big time that we made it. Now. Our NFD is legit. Yes actually, because they're not, they know we're joking around, but I think in someone's mind, you're like, oh, you're just playing around as like, you know, I'm joking around in marketplace. [00:16:21] It's an image like who cares? Like that's a commodity and the Southern district of New York is not messing around when it target someone. And as I was sort of like going on that, you know, narrative earlier 40 years, 40 years is on the table for doing this. I mean, this is, as you know, you're dealing with. [00:16:38] You know, the, the world of securities and commodities and in the world of financial transactions, the government doesn't like it when you front run and doesn't like it, when you act on private information, unless of course you're in Congress and then you can do whatever you want and you can sell all your stocks and then put the entire country on you know, on pause, you can do that if you're in Congress, but if you're not in Congress, you can not. [00:17:03] So I know that's a big segment of our audience, so, you know, I'm sorry, you can, you can just tune out for the next, wait a minute, come back. You're in Congress and you, uh, can you do insider trading and JPEGs? Yes. Oh, boy. I mean, I think it's interesting here, you know, I, I liked when, what opens he did when they got rid of him, this was certainly wrong for the company to have somebody doing that. [00:17:29] And I thought that was appropriate. You know, I'm afraid of. This could mean for the NFT industry. We know that there's a lot of cases of people acting on information that is not public. You know, we've seen many cases of pre reveal collections where specific pieces are sold for well above the floor price. [00:17:48] And then turn out to be rare pieces. What happens there, you know, we almost, we've certainly seen influencers and, you know, various levels of influencers from, you know, what we think of as Dick talk influencers to, you know, more, uh, maybe financially connected web web to, you know, type of people that seem to have a lot of information about collections before. [00:18:13] The public does. And I think that we are entering a somewhat dangerous spirit here. If this is, if this is the precedent because there's a lot of people acting on non-public information. I think you could even say that there are private discords where, you know, inside that you have to be a collection holder you're then a owner of the collection. [00:18:35] You're an owner of the company. Something of that collection of, is that what we're saying? Oh, I think that's and also what is a company, right? What is public information? Non-public information. Yeah. I don't want to be in this situation. I mean, it puts, it definitely makes me uncomfortable having certain conversations with, with people than thinking. [00:18:53] And makes me think about this in a new light here. Oh, I hadn't thought about that way. I guess in my mind it was because open C is a much more established company. With, you know, uh, legal standing that it's seen by the government as like, okay, you, you you've promised to do this thing and provide this public good. [00:19:13] And as part of your sort of service, you've, you know, allow people to buy, sell, hold, trade commodities, you've taken fees on those. Like that is your core business to do this. And there's a certain consumer trust involved with that. And that I imagine is what they're protecting, but taken to a logical. [00:19:32] Extreme extreme. You are. I don't know where you draw that line. I also, I heard this on different narrative of saying like, you know, how different is this? Then a Nike employee that hears that the new air force ones are coming out with such and such, and they get a, an early drop and flip the shoes. They get in line early and they're able to, to get that like, okay. [00:19:55] And to get there, I believe there was a, there was an executives, son, I believe who was arrested for, uh, flipping shoes on stock X. Uh, Oh, yeah, because he was, yes, because he was buying them early. So maybe, uh, you know, I don't have the link here, but you know, maybe the that's a good analogy and there you're right. [00:20:16] I think there is a difference because that is the company actually doing the trading. And now I think we're, or I'm sorry, not doing the trading, but acting as the marketplace. The, you know, providing the place to do the trading and suddenly they know that they have influence over where people go on the site. [00:20:35] And he certainly isn't really not helped either by, by using the hidden wallet. And I think that we are entering a new hazier where it's all on the blockchain, you know, between, you know, looking at. Archives of, of Twitter records of social media posts and looking at the blockchain, it's pretty easy to look at how the timing of things goes down. [00:20:57] And there's not that level of, uh, I don't know, sort of intermediation between these where we can no longer directly see someone acting on something, doing something and, and, you know, Or, you know, in where exactly what time they did that, the blockchain certainly does that doesn't help them here. And you know, maybe he made the mistake of connecting it to his old wallet, but, you know, I think I like to see that there's something happening, but I also think that there's much bigger issues in the NFP space, and I'm not sure that this is going to make anybody feel safer that doesn't already, if it isn't already willing to get into NFTs. [00:21:39] I'll take the contrary to that. So what I like to see is the government and regulation taking the NFT marketplace. Seriously, this is serious consideration of what should happen in this case. That is yes, complicated, but I would be more alarmed by simply leaving this to the wild. Being like go have at it, vigilante justice, the community rallied on Twitter and found you. [00:22:06] So judge, jury, and then the execution was open C and they determined that this was the fair punishment for this look. Consumers were defrauded because this person acted in bad faith with insider information because they was buying early unfairly and dumping on the public market. I think, as a consumer and I'm going to be wandering into these platforms. [00:22:29] I liked that these employees realize that they can't just kind of, because they can hide it in a wallet, which is just, let's just park how stupid that is for a moment, because everything is on the blockchain. Remember that, remember the technology that all this is built on is actually gonna make it far safer than these other industries. [00:22:47] Uh, I, I liked that what will come up? This is some clarity actually knowing where the third rail is, is safer than guessing where it might be. And I think that might in the long-term in the short-term. You know, this, I'm not a fan of Nate by any stretch, but I think it's also unfair when somebody serves as a sacrificial goat for a cause. [00:23:08] And I think there's a little bit of column AB here, a and B happening here. Yeah. There's definitely that. And you know, I definitely want, I do want more protections, you know, I guess I would prefer there to be. I, I prefer that they were going after some of the big scammers that we've seen, but I've taken a lot more out of, out of the space. [00:23:28] Uh, you know, we've seen some big ones to the tune of 70 million. Was that for, although that was a I dunno, we've seen some big ones anyway, you know, I guess I do want something happening here. I'm just not sure, you know, this is it's, it's making an example here and that's, that's the point. They know him, they know exactly who it is, you know, there's plenty of, of records. [00:23:50] There's no needing to go through and figure out who an anonymous person is or go try to deal with another country or you know, pretty easy in, in, in that sense. So, you know, the unfortunate. But it will, uh, you know, one thing I wonder does, do you think that open sea is at all at fault here? Do I believe that open C is at fault here? [00:24:11] I would have to have more information about their employee guidelines and legal, uh, legal setup here, you know, for instance, uh, I know, you know, when you go to work for, let's say a hedge fund, you're dealing in equities. Yes. You can only hold a certain generalized bucket. You can no longer deal in individual equities, right? [00:24:31] There are actually like restriction restrictions that can come into play for people that work in this space. And so did they create, here's the question? Did they create a culture of compromise, a culture of, you know, you do you and just show up to work. And in that case of handling, you know, this type of, uh, asset market. [00:24:55] Maybe, I think it's worth looking at me personally. No, I didn't do anything wrong that guy's a trick. [00:25:01] Wait until we uncover what else is going on on the blockchain. Uh, but again, I think a mold grows in the dark I'd like that sunshine is being shown here. Sure. A heck a lot better than it's frivolous silliness happening on attacking that, like, you know, the savings account for crypto and . You know, these are, these are all really, really important steps this some more so, because it's going to legitimize NFTs, uh, as this sort of asset class. [00:25:30] Yeah. You know, who knows what happens at the end here? That's not going to be easy for him to fight, but I think you're right. That it will at least, you know, we'll know where the, uh, where the boundaries of. [00:25:39] Yeah. Even if they're, they're widened scary, but again, in the short term, I think you're absolutely right. If you're asking yourself like, wait a minute, I think it's like be on the safe side, but also like clearly you're, if you're in a discord and you're a piece like that, and you're not getting things that are not, not public be careful if you're getting things that are like in a discord. [00:25:59] I think you're fine. I'm just gonna be honest. Like if you're in, for example, like here's a, here's an exam. Right. Like we have a podcast, obviously the millions of followers that are listening to every episode and removing, removing project. Hey Congress, we just, by the way, you know, I think we can be, uh, we'll start disclosing that in a discourse, if you ever want to see what's coming up, but like, let me play this out. [00:26:21] We know that we're going to talk about a project and that episode is not going to go live for another four or five. And frankly, we can buy into that project because we know that that's coming. Now, if we had obviously joking, maybe if some of you left a review and we'd have more followers to really, really move markets, but like jokes aside, if we bought that and then pump that and then dump that, that is an absolute unquestionable form of insider. [00:26:51] Right. We are privy to information that this is going to get a promotion that only we know and hasn't disclosed. So again, maybe a good note to us. I'll continue to drop that in our discord, which is a public notice open discord for anyone to get there, by the way, none of this is financial advice because we're talking about Jay tags on the internet, which by the way, if you trade down on the insider, you could go to jail for a long time. [00:27:11] Does that clear everything up? There's no real risks here. Right? So you're saying we're all in the clear, easy to buy JPEGs. Yeah. There's no worry about holding them in a wallet. Links are safe or ignore everything. We just said the last 20 seconds here in summary, join our discord. Leave us a report. Leave us a review. [00:27:33] All right, Andrew. Good luck out there.

Let's talk Dune Analytics Dune is a platform for analyzing on-chain data via PostgreSQL Most features free Learn how to use Dune (Andrew/Rantum lead lesson on NFT data) Uniswap Community Analytics contest with payouts for all qualified entries    Affordable project: what's on your shopping list: George: Akutars, MoonCats https://opensea.io/collection/acclimatedmooncats?search[sortAscending]=true&search[sortBy]=PRICE  https://opensea.io/collection/akutars  Andrew: FewoWorld, Regulars https://opensea.io/collection/regulars  https://opensea.io/collection/fewoworld-paint?tab=activity  NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Someone Stole Seth Green's Bored Ape, Which Was Supposed To Star In His New Show  Pharma Bro Martin Shkreli: Ethereum's Vitalik Buterin 'Brilliant' But Also 'Full of Shit' - Decrypt  SuperRare in SoHo: NFTs in the Real World      Transcript rough:   [00:00:00] George: on all about affordable and FTS. We're talking about dune analytics. What is it? What can it do for me? Fortunately, we have an expert in house, Andrew who will be able to explain a bit more of that. But first, Andrew, what are you seeing in the news [00:01:01] Andrew: Sorry, I'm just adjusting this wizard hat that I have on over here, of course, because it's not experts. I'm a dune wizard. Sorry. [00:01:09] George: Gotta use the lexicon minus. [00:01:12] Andrew: Uh, Anyway. All right. What are we seeing out there? So this is, this is an interesting one. We've got another, another board aid theft, you know, we've we talk about another crypto theft or scam all the time, but this one is uh, from Seth green. Um, It was with his board aid. I think there were a couple of mutant apes, maybe as well in the wallet, but this, so someone hacked the wallet, they got these. [00:01:35] So, but what's really interesting about this was that he had been developing a animated series using these apps. So he had been working on this since July uh, It's a considerable amount of time that has been put into this. And we've also seen the price rise a lot since July. So he was smart enough to buy them at a much lower price and has been working to put these into an animated series. [00:01:58] He has produced many of them in the past. So um, you know, I think it had a pretty good chance of. You know, seeing uh, seeing some production and get, actually getting out there, but now these have been taken. And there's a question of whether he has the right uh, the IP rights to continue producing the show. [00:02:17] Uh, At least one of the apes was that was stolen, has been resold to another user or another uh, sorry. It's a Twitter user that he's trying to reach out to, to no avail at this point. Um, It seems unlikely that that buyer would have known that it was uh, stolen, but you know, it does bring up some questions about what happens with the IP here. [00:02:43] George: I mean, there's no question. You don't know. You're not on the IP and suddenly you built an asset and some it, you know, what it equates to like domain squatting. You let your domain run out, but then you built this giant company which relies on that domain name specifically because it's built into everything that you've done. [00:03:01] And you're just sitting out there in the breeds. Honestly, you know, the it's tough too, because this is so far into the public sphere of people being like, that's why NFTs aren't safe. I gotta be honest if you're building up that much asset around it, like you shouldn't have had it in a hot wallet, it could have been like click, click the buy on it. [00:03:20] You know, that's, that's when you transfer to cold storage and you put it in a safe, if you're putting that much equity behind it, you know, it's, it's unfair maybe to expect that from the average user to be like, oh, well, you know, you got hacked, it's your fault. But if you're, if you're investing that amount, like, you know, that that's pretty serious. [00:03:38] Um, That's pretty serious that in terms of you have to take your, your. [00:03:43] Andrew: Yeah, absolutely. You know, the only, the only reason I say there's some question about it is that if it's stolen and that person is possessing them, they wouldn't necessarily. Own the IP, but if they've been resoled and the person doesn't have doesn't even have knowledge, you know, I don't know. That's, there's all sorts of questions about this, but I doubt that those will, that the production will happen with the same NFTs. [00:04:07] So maybe there'll be replaced. I think it would be cool to see, you know, to see an animated series with these, you know, and start seeing how people can use uh, use the IP that are, that you get is trying to give to two holders. [00:04:21] George: Yeah, I, you know, my heart goes out to him. It's like, it's, it's tough. You're, you're, that's a hard, hard place to be. And it's clear that he's like trying to make a lot of noise to try to get some sort of public support back. But there's no support customer helpline. There's a wallet with an address and a secret key. Oh, [00:04:38] Andrew: And for some reason that seems to attract all of, all of the people that just, I don't know, see, see opportunity and we'll run a scam and try to do it without calling it a scam. We've got Martin Shkreli coming back out of get fresh out of prison. He's easy already. He says he learned how to use Metta mask while in prison. [00:05:01] Um, He's, you know, all over Twitter spaces talking about this now has called uh, Vitalik Buterin, S as reading this headline, he's told him brilliant, but also full of shit. So, you know, he's wasting no time and stirring up headlines. Can't imagine that he doesn't see all sorts of opportunity in crypto and NFTs. [00:05:23] I would be very wary of, of what he is touching um, and state far away. If uh, if you can help it, [00:05:32] George: Are you suggesting that cult personalities tend to lead toward disastrous outcomes? [00:05:39] Andrew: we have seen a couple, couple [00:05:42] George: Name one name one in the last, in the last two weeks. Just name one. [00:05:46] Andrew: Okay, well dope. What are we counting at once? Or has another one already happened? He may have already rubbed everybody again. [00:05:54] George: You cannot repeat offenders. You can't triple stamp a double stamp. Cool. Uh, Yeah. again. [00:06:02] I joking aside be. Be very wary of cultural personalities and our recent episode, we were just talking about our suspicions of Adam Newman. I don't know when, you know, you are more selling yourself and selling somebody on an idea rather than your actual execution of work. [00:06:19] There's a there's questions. There's questions that come up and it tends that you're, you're serving the ego rather than the true outcome of a. Uh, With, with potential leaders like this, there'll be interested in the watch from the sidelines though, on the plus side, he's very bullish Heath. [00:06:38] Andrew: There we go. [00:06:39] George: He thinks he is going to flip Bitcoins. So in this I support you. Anything you want to do to help that train, let me know. [00:06:47] Andrew: All right. And one more uh, one more thing of note here. Super rare. The art platform has opened up a gallery in New York in Soho. Uh, I think it is a it's. It's good to see these galleries opening up. I think it's a good way to start bringing, bringing the art aspect of this to life a bit more and letting people see this from not just looking at it on their phones or computers and, you know, do this in a social. [00:07:13] Public setting. [00:07:15] George: It just makes also a ton of sense. Cities like New York where there's not a lot of wall space and you can essentially have like, I mean, I've seen your rig and love it. And you've got your art, like on display, rotating through you have one spot and you want to have pieces move through. And it makes a lot of sense actually. [00:07:38] And I could definitely see it as a trend that picks up. Uh, It would help hopefully a longer tail of artists and collectors get in into that practical IRL case of why the heck did you buy that JPEG? It's common. We just, just gotta wait, wait for youth. Not to be under 2000 and the market nut to be bleeding every single week. [00:07:59] I'm not going anywhere though. I'll say that I'm I'm pot committed. I'm full sunk cost fallacy. Um, Alright, affordable projects, the plus side, right. [00:08:11] The plus side of the market's going down is it is time to keep your eye on a shopping list. You know, it's finally not about FOMO. It's about uh, what you know, and where you see long-term value. We played that game of looking back. A year into crypto slam and saying like, oh, this, these are the projects that survived and did. [00:08:31] And right now there's two projects that I'll, I'll continue. Uh, There's more than two, but I'm choosing to, and Andrew, you can have uh, two or, or more, as many as you want as well. So one of the projects I'm going to keep keeping my eye on is . And this is the one that famously had that really sad sort of, I think it was like $30 million mistake on the mint, but they did launch and it is a, you know, a series and put together that has, I think a lot of upside, a strong, a strong team and founder behind it. [00:09:04] And with uh, with avatars, what I also like is that there's a sort of movie plans in the future, so it's not like, oh, and then there'll be a game I'm like, I'm kinda done. I'm done with the game. You're not going to create a game that's going to change value, but I do believe in the raw truth of the more attention you can get in the future uh, the, the better the outcome will be. [00:09:26] And this is a 15,000 unique 3d art guitars. And it's uh, one of the series that have been put out there, help me with uh, the founder's name. I just blanked on it, but the floor price is 0.6. Yeah, Mike and Johnson. [00:09:38] Thank you. Former baseball dropped from that, moved into artists, and that guy is just plain old motivating when you hear him. [00:09:46] And right now, you know, the price at 0.65, I'll say my um, my reservation price on this I'll make a definite buy if this kinda kicks down to 0.5, but you know, it was as high as you know uh, you know, 2.7 from what I see. Um, But there's a lot of things losing speed. And some of them I think, are going to weather the storm. [00:10:08] And I think this in particular for the depth of work amount of motivation and what I like on the roadmap uh, how has my eye, what do you have on your list of shopping? [00:10:19] Andrew: I like that picked there. I have been watching that one as well, actually in tech, definitely [00:10:23] George: What's your reservation price, where you, where are you falling? I'm going to do 1.01 ahead of you. [00:10:28] Andrew: I was going to say, I was going to go, price is right on you. And, [00:10:34] George: I'm just going to be watching your thread. [00:10:37] Andrew: um, So yeah, let's see, I've got a couple of my lists. One is fuel world, which we've talked about in the past. I, that seems like one. That's not getting much attention, but it's one that I think is still worth looking at and looking. I um, I think I'm pretty close to. To pick it up another one there. Um, I think it's, it's a, it's a good longer term hold and. [00:10:59] People are overlooking some of the uh, the rarity aspects there. And uh, I noticed that uh, he posted a few times a few emotions. uh, posted a few times from the econ recently um, doing some paint uh, paint parties there. And I think it's just going to be something that um, I don't know, people pick up on it and just gains more uh, Just just more fans over time. [00:11:24] So I'm still looking at that one. There's some good prices. Look, you know, I think it come it's around a little under 0.3, five right now. And I think, you know, he might be able to get that a little bit lower. Um, If your patient there. [00:11:36] George: Yeah, quick take on that. I a full disclosure. I have two of them. I did pick up. I did like that. It was on my list. Try to get an wait, wait on it. A pink count of two, not a pink count of one. I was looking at doodles and I have a two doodle, but the pink count actually is a big differentiator. And every now and then someone just makes a mistake and listing it and they kind of go for pretty low. So take a look in there. Yeah. [00:12:02] Andrew: those took two minutes essentially. Um, On nifty, when you first admitted those, you had to, you got, if you committed to it, morphed into a, to paint um, NFT. So there maybe. You know, maybe people, a little tired of waiting or that maybe just didn't understand what they were buying initially and thought they were going to get to. [00:12:24] So that's good too. A good note to look for. [00:12:27] George: Yeah. Also uh, another quick hack on that is check the nifty sites so far. It hasn't proven true. The lower prices I've been continually on open. See, but check nifty cause. Confused buyers, especially if there's a sudden shift and impressive beef begins to go up. Um, That'll actually flip the odds Right. now when you dropping, right? [00:12:47] Because nifty gateway is a Fiat first listing And open C is a first listing, which means when those prices fluctuate, where weird things happen. [00:13:02] Andrew: Right. And what else do you have on your list, George? [00:13:05] George: Oh, I'm just checking to see if any recent two painters went for something low to two painter to paint or went for 0.5. I can't turn it off. Two painter went for 0.59. That's interesting. All [00:13:19] Andrew: I've got this next one on here that we've talked about another few times as well. [00:13:24] George: Yeah. I, I feel like I have to say it cause it comes up. I won't, I won't let a good moon get die. Moon cats. Oh, gee ponder where created them. They've been around for quite some time. And, you know, they continue to iterate ponder where there was a recent pump of this. When I probably, I mean, I floated out there to try to flip it, but it's back down to the 0.3 east. [00:13:50] And here's what I think in terms of this play, this team is going to continue to push on it. And even if they don't, it seems like it's, you know, a project pun intended has nine. Where there's a, I believe a future where a lot of this money coming in and they say, Hey, instead of creating a new project, let's pick up one with history and revive it and Potter where has already put it out into the universe that they're willing to sell it for the Right. price, which could drive a lot of attention and upside again, even just the conversation did. [00:14:19] So uh, no one's paying attention to this right now. It's hovering at 0.3. If it drops below that that's my reservation to, to begin picking up. If it's in the mid twenties, [00:14:31] Andrew: Right. Yeah. That's a moon cats. Um, You know, [00:14:34] George: No, more moon cast for you. [00:14:36] Andrew: No, I don't need more moon cats right now. I've got some older ones. Um, You know, I I'd love to see some uh, some more interest pickup there, but yeah, they, you know, it's one that a lot of people still talk about and a lot of people hold just don't pay much attention to. [00:14:50] George: What's the hot take. What's the hot take on, on what the shop for, in terms of new, since you know, [00:14:54] that thing is. [00:14:57] Andrew: Um, Well, you've got, so the rare ones are considered the ones from 2017 um, especially, but 2018. So most of the foreign ones are going to be, or they're all going to be at the 2020 ones. You may want to look for cures. Um, There's a number of different shades to these, but peers tend to hold more value across all of the colors. [00:15:17] Um, Otherwise I'd [00:15:18] George: So that's the code color. So like red, pure, or [00:15:21] Andrew: Yeah. So orange Tabby, I guess, would be the orange Tabby is generally the most expensive of any of the floor pieces. Um, Things that look like characters, things that look like Garfield or um, other famous cats tend to hold extra value. Um, You can also look for things that have twins. [00:15:42] There are, there are collectors that are looking for the twins. You can get even one half of that, you know, you can sometimes end up finding that those have more value. Um, Yeah. You know, I'd also look at, look at the face of it. Um, There's some that don't have the clearest faces, the, and those don't tend to sort of don't tend to send, sell real fast. [00:16:04] Um, It's just based on how the coloring is, you know, the different spots or stripes within the face, but a clear face is generally a preferred when people are buying those. So that's some of the, some of the traits that I know about these, I know more, more, but you know, you feel free to hop in the discord and ask me if you are a [00:16:21] George: Getting that discord, get them talking about moon cats. [00:16:23] He won't stop. [00:16:27] Andrew: All right, I've got one other. And so this is one, this is a newer project, but it was one that I was going to even mention as an affordable project. And the price has been bouncing around a bit. Um, It's now up to about, up to 20. I'm sorry. Point two, four right now. Uh, What I was first going to mention it, it was at like 0.1, eight or so I have um, I have one of these, sorry. [00:16:53] I have two of these, not it's actually in my alt wallet. So wouldn't have noticed this. Uh, But I, I staked one NFTE ex um, where. They were offering a good uh, sticking percentage for putting it there um, was able to pick it up, but a good price. And like I said, it's moved quickly here, so I'm not recommending necessarily jumping into it right away. [00:17:18] I am going to adding link here so people can, can look at it. Um, Uh, Sorry. And so this is a collection of a thousand pieces. It is, I believe that it is. Hold on, let me, let me check that one. Um, It's by the artist pops. So there it's very realistic looking faces um, that it's just called regulars. It's kind of 3d ish faces. [00:17:50] Yeah. The floor is at point just, just under 0.2, four as we speak. So I think that may come down again. So it's one that I'm kind of waiting to come down. I have noticed that there's a lot of people kind of picking up some of the rare traits. At higher prices also, you know, relatively quickly. So, you know, you may, you know, it's worth watching because people list um, you know, certainly don't realize what they're listing at times. [00:18:14] Um, I don't know. It incredibly well. I've looked at uh, things like the type um, and then just various uh, Characteristics like the glasses or hair color to try to, to understand, you know, some of the rarities here, but you know, there's definitely some visual aspect to this. Um, When you're looking at these, I don't know much about the future plans. [00:18:36] I don't know a ton about it. So, you know, don't have the whole in-depth part, but I, you know, got that the one in starting to look a little bit more at these. Um, And yeah, like I said, that price has run out, but. Does it makes me, it makes me want to jump in and realize that I shouldn't do that because I should wait for that pro that for, to fill back in. [00:18:56] And, you know, I think we will see that a bit here. So it's one that I'm watching and looking for a good entry price for more, you know, as I said, I did do, I did get one. [00:19:06] George: Yeah, this like it launched in 20 21, 11 21. So in November of 2021, and then sort of like, I mean, it drifted at 0.03 for quite some time. so that's like, those are the times to find these projects. That's what we're trying to do with some of the shopping here. I see. It's like beginning to taper off from that, that recent peak where it, and it got the 0.5 as a, as a floor for Ethan. [00:19:32] It seems to be calming a little, but it's hard, hard to tell from the peak trough here. Interesting Sama. And I just added my watch list, but I got a lot of stuff here. I think um, I'm really hopeful that I can pick up a knock guitar. And affordable thing and I have to sell a thing to get that done. Really trying to be judicious about how much more money I'm pumping in cold. All right. Our theme. Um, Yeah, let's talk to an analytics, What are we talking about? [00:20:04] Andrew: Yeah, so an analytics uh, I use this tool every day. It's a lot, like I use this for a lot of work, but I also use it to, you know, just to start analyzing things that I need more information on this. Lets you look at anything on the blockchain, any transactions that are happening on the Ethereum network on polygon on optimism. [00:20:23] Uh, I think that. The electric, maybe a couple others as well, but you can use basic sequel queries to start looking up information on this and then present it to, you know, being able to visualize this in a very uh, you know, very easy um, graphs, charts, tables um, make something of this blockchain data, you know, it sounds, I don't know. [00:20:48] I think in some ways it sounds more complicated than it is. Um, If you. SQL is a relatively um, relatively approachable programming language that a lot of people use for, for maintaining databases it's been around for, I don't know, 30 years or so. Um, So it's, it's a lot of documentation on it and it's relatively. [00:21:10] Approachable to, to get going on this platform with, with not without a ton of knowledge of the coding language. So I think that's, that's really powerful because otherwise you're looking at, you know, trying to read blockchain data in a completely different way. It's, it's much more complicated. This makes it relatively easy to see um, what aspects are making up um, each transaction um, from there. [00:21:38] I mean, you can take it to any number of uh, any number of degrees of how much you want to look into it, what you want to cross the, the data with, you know, look at various wallets specific activity. Um, You know, it's, it's really endless how much you can uh, start working or continue looking into transactions once you. [00:21:58] George: What's really great. Here is also if you have a project and you're kind of wondering about it, it gives you another place to drop it in. You can do a search and see if anybody has built a custom dashboard for it. Uh, Built for various communities that have literally hired you to build out these custom dashboards. [00:22:13] And then those dashboards are public. Most of the stuff on dune seems to be just open in the air because that's how they essentially have built it unless you're paying for like a premium membership to, to make it private. So there's a lot of quality stuff out there. And if you're. Looking to get into it. [00:22:28] You can always, I feel like you can, am I write, copy these things as a template and then modify them and kind of learn from what the queries that are already in place are [00:22:38] Andrew: Yeah, absolutely. I mean, you can fork any of these, you know, that these different term for it, because then that sounds so much better than copying someone's work, you know, or just forking that work a fork in these dashboards. And that is really one of the cool things. If you see that, you know, if you see that there's a great. [00:22:53] Dashboard for neat bits or whatever. And you just want to do that same exact dashboard for um, you know, for act Qatar. Um, You can go, just get the contract address. You swap out the contract address and you're looking at the exact same information just for a different contract. Um, That's one of the things that I've done with my dashboards is try to make it so you can put any contract address rate in there so you can make these. [00:23:18] Um, You can customize them to whatever the project is that you're using, but I can go for it. That goes for anything on the platform. And I mean, there's some really impressive dashboards, both for NFTs and for uh, Nate, just crypto work in general. I mean, any, any crypto project, it seems has a dashboard in there. [00:23:36] Um, I know that there's looked at some, some uh, search query data and they definitely get people looking for. You know, for um, moon, moon cats dune on, you know, there are people searching for that kind of thing on Google. Um, There are people looking for doing specific dashboards when they go into Google, which I think is uh, it's interesting that, you know, it has that sort of name recognition already. [00:24:03] Um, It has been around for awhile. It's a real. Relatively old the team in the crypto space, they launched, I think back in 2018, but I think they are a team of under 10 until this year. So it's been um, been around, but they have been able to do. a platform that um, I don't know that they can deal with all sorts of different parts of crypto. [00:24:28] We've seen, you know, defy be extremely popular. We've seen obviously NFTs rise in popularity and it's been able to be used for, you know, for all of these different use cases, which I think says a lot about both the platform and the nature that we're all working on the same, Ethereum, blockchain, you know, granted, I said other other layers as well, or. [00:24:48] But it's pretty cool that this data it's all there, we're working on the same thing. And no matter what the transaction is, we're using the same chain. [00:24:57] George: I'd say the good parallel here is kind of like Google analytics and data studio in some ways, if you're in the marketing world and to that end, I think there's a huge upside. If you're trying to get a job in crypto, you're really trying to like actually refine a skill, like no offense to our super abilities here to pick out affordable projects and run a podcast. [00:25:17] For a tangible, freaking skill. Like you have this course, we have linked to it directly in this episode, start there, start somewhere. But like, this is sort of raw skill. This doesn't have to do with coding. Cause frankly, Luke, look, we're not all going to suddenly switch our day jobs. You know, chain, chain on chain coders like that, you know, that's a different path, but certainly I think there's a lot more intelligence that could be built into a lot of projects. [00:25:45] A lot of creators that do this, but there's a whole whole world. And like, you're one of the top creators on this platform and you know, not gonna, not going to give too much away, but you, you taught yourself this, like you went from zero to like, let's figure this out. You knew a bit about code in the past, but you've uh, you know, you've been able to March up the way. [00:26:02] Andrew: Yeah. Yeah, I think you're right. That is, it's a very, I mean, it's a relatively easy way to get involved and start working a bit in the space. Um, As I didn't learn this a lot on my own, I knew a lot about SQL already, so that definitely helped. And it worked a lot with platforms like Google analytics. If you've used any of these things, then, you know, it's, there's a way in to learning this platform. [00:26:26] Um, One of the, I mean, like I said, one of the cool things is that you can just build on top of what other people have done. But one of the things that I really liked is that there's a ton of bounty opportunities and these. Paid opportunities to, to do work. Um, In some cases it's, it's just paid to one person. [00:26:43] In other cases, it may pay, be paid out to all the participants um, actually serve on a committee of, with the unit swap grants um, program. And this is part of unit swap and they've gotten a grant to uh, community grants. So we get the name exactly of it. Um, But the idea is that we're helping to uh, Provide a bounty or we're creating bounties to get people involved in the um, the unit swaps community um, by looking at these analytics in different ways. [00:27:16] And usually that's usually we have one that is very low end, relatively easy, meant for beginners to get in. And everybody that enters that gets some kind of boundary, as long as they um, actually complete the task. And then we've got a higher end one. More competitive, but there's a much bigger, I think it's a thousand dollar bounty on that one where I think it's, you know, I think it's maybe a hundred dollars on the entry one, so that's still a relatively nice amount to be able to get to do. [00:27:45] But um, the other part is once you start doing these and can build something. a ton of uh, there's a ton of people. There's a ton of demand out there. If w we're looking for more work in this, and I think that's just going to grow because it, most, most of these web three businesses aren't even paying attention to these analytics quite yet. [00:28:05] It's, you know, there's not enough people working in the industry. And as we've said, there's more and more money being, you know, being invested in the space. [00:28:14] George: The other cool thing that I like about doing is that you can embed. Natively into a website. They're really just sort of unpretentious about like, oh Yeah. sure. Take it, run with it, go do it. And you know, on three AFT you'll find a lot of those dashboards embedded on, you know, random in your site. You're going to find a lot of those dashboards as well, embedded. [00:28:32] So you could spin up a full fledged, you know, analytics tool with uh, information about how to particularly use it pretty darn quickly. So here's, here's some home. During the downtime. When, you know, we are maybe not buying and flipping as fast as we, like, you could still sort of spend some of that cycle time. [00:28:53] I feel like it's that night at night, time away from your day job uh, picking up the skill. I think it's, there's a lot of upside here and this would be the platform that I think is going, you know, we're going to make it like, that's the platform that's going to make it because of the way that they're built in a, in a sustainable way was real smart tech. [00:29:14] Andrew: Yeah. Yeah. They're just being, so they're building a lot more to make it even more extensible. Adding API is just spending. I think it's great that they make it open, make it a bit of, you know, the source for, for web three data. And I think that. [00:29:28] George: Actually question. I know Eve yes. Polygon. Yes. What about other layer ones? Do you have like, are they like washing them? Like what can I, what kind of build on here? Okay. [00:29:40] Andrew: Yeah, I was actually going to look what they actually have right now. So they do have, I know that they are working on cross chain analytics. So right now they've got a theory. Um, Gnosis polygon, optimism, Binance, and then they are working on. Actually having cross chain analytics. So right now you'd have to run it, run these queries separately, but we'll be able to start running. [00:30:06] Together so that you can much, it'll be much easier to see where uh, you know, how, how Ethereum, how it different transactions, health and things are tokens are flowing across um, various uh, various layers, you know, cause right now we've got this thing where you basically parking your Ethereum somewhere and then you're going and transacting on another layer. [00:30:27] And. Sort of, it's sort of like putting a wall in the middle of this uh, of this visual of transaction. So you've got to look on the one side of what's happening on Ethereum. Then you park your Ethereum there, and then you're looking on the other side. So this will allow it to, well, at least two. I don't know, provide a more transparent view of what people are actually doing when they go to, from a theory of polygon or optimism or, you know, any of these other layers. [00:30:52] And I think there probably will be more coming as

Buy lowish sell highish (shoulders and knees) Buy low, sell high is the old adage but is nearly impossible How to be ok selling for a gain before the absolute peak and buy before the absolute bottom   Affordable project: https://www.smartseasociety.com/nft-tiers  drop link: https://magiceden.io/launchpad/smart_sea_society  NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Ethereum Merge Coming in August 'If Everything Goes to Plan': Core Dev - Decrypt  Soulbound Tokens: What An SBT Is And Why You Should Know  eBay launches its first collection of NFTs in partnership with web3 platform OneOf | TechCrunch  Rough transcript:" [00:00:00] GEorge: Today all about affordable about the strategy of lowish and sell. [00:00:45] Highish basically named for the shoulders and the knees when rather than peak and trough, Andrew, how's it going? What's in the news. [00:00:57] Andrew: Going yeah. What are we seeing see, we've got, oh, it was this. to, uh, you know, people following Ethereum closely, uh, there's news, the merge, uh, is coming in August. That may mean nothing to you, but this will. Transition Eve from a proof of stake to proof of which will reduce, eats. [00:01:21] Energy, uh, the energy consumed. What needs is the run for transactions? Um, there's a lot of other upgrades that, uh, are somewhat technical, but it is big news. It's been pushed back a few times. So if it really is coming in August, that is, uh, that's very good for Eve. Um, and is soon. [00:01:42] GEorge: Yeah, I think there's also upside for layer twos. If I'm understanding some of the news that has been coming out about, how that's going to be making it more efficient to push in blocks and for, you know, things like polygon, optimism, layer, twos that live on top of. Live on top of them with Urime. So I'm very optimistic about it, but I'm trying to abide by my original many rules of don't get too excited. [00:02:10] And don't, over-hype things coming in The future. Everyone's not going to come running east, not going to suddenly triple it'd be nice If it did. Lord knows because actually, you know, recently there was also a hiccup. Uh, Blockstack where they had to like roll [00:02:23] back something like seven blocks and reorg some questions about, you know, [00:02:26] as [00:02:26] their instability. So be [00:02:29] a still very long, you know, a or more to that launch, [00:02:34] because guess what they're building in public, they build on the chain, they build in these public calls and [00:02:39] people are going [00:02:40] to be, you know, playing up and playing down all [00:02:42] of the natural things that happen. [00:02:45] When you try to launch this the macro picture makes me very happy that it's moving [00:02:49] into a much more base and environmentally friendly. If just being raw about the amount of to maintain a Yeah, I think it also can help shift a lot of the narratives that are, um, are out there. So. I'm excited about that part as well. let's see some from, uh, one of the Ethereum valid founders, the most well-known the talent. Peter wrote a post on Seoul bound Lots of the idea of a soul bound token is that unlike an NFT, they would not be able to be transferred to another wallet. this would be, uh, the idea is that it could be used for something. And accreditation a degree or, um, that you earned personally, but somebody else would not be able to just take over. Um, so I think this is something that you'll be hearing more about. There's a lot of, uh, a lot of discussion about it. [00:03:40] Andrew: There aren't projects or anything out yet, but I think it is like to, to just be aware of, and start learning about, because I'm sure we will start seeing more, uh, later in the year. [00:03:51] GEorge: Yeah, there's a lot of ups, you know, there's a lot of upside to which you can see there. it's like oh, what if your wallet gets hacked? Well, again, there are, if it can't be transferred, then it's always associated with that address. So, you know, things would have to go very, very sideways for you to, like completely lose And even if You did it, imagine there's a You are a fingerprint is essentially on the NSC [00:04:14] itself, your fingerprint being that Ethan address, or maybe even identifiable information, you know, there's a lot of different applications that are associated with that. and might, you know, make things like accreditation And things that are inherently you as identity, [00:04:28] uh, be married to certain types of logs that you choose to use. it's not, a headline, but then becomes like, holy cow, could you [00:04:37] believe that like this new technology came do these 60 other [00:04:41] things [00:04:42] and you know, it's kind of, to, to understand that the second order of X, but I tend to, listen when, uh, when Vitalic because [00:04:50] smart. Yeah, I little while for it to uh, to get around because he does lot of words to say it and who it's not, it's not the easiest to read the first time through, so it's good to have other people talking to them about it. And I think we'll start to see people start acting on this a bit more. news of note was the eBay launched an NFT uh, in partnership with, uh, waiting with Wayne Gretzky. So I think, yeah, I don't think this is much of an NFT to, to pay attention to. I think it's a bit more of, um, uh, companies trying to gain some relevance, gain some, some news headlines, uh, Making their way into NFTs. [00:05:36] Andrew: I'm definitely not recommending recommending to mint this unless you happen to be an Wayne Gretzky fan, but, um, just, just, uh, be aware of when companies are getting have, uh, many other ties. [00:05:49] GEorge: Whatever you miss a [00:05:50] hundred per shots you don't take. I got to go mint one. I'm going to go [00:05:53] Andrew: Good. One good one. [00:05:56] GEorge: I had to, you know, I had to, looking [00:05:59] Andrew: All right. So we are getting back to, oh, I'm sorry to get someone else. [00:06:02] GEorge: yeah, just really quick. I to like the overall market, because it was pretty aggressively the other week it's going down. [00:06:10] but not as much it's [00:06:12] Andrew: The pace is slowing down. [00:06:14] GEorge: We're bleeding less How about that? The, the rate of death? Uh, no, the overall NFT market, 16% down looking at a trail in. seven days. Uh, Solana less than a lot of other platforms stop platforms, uh, as opposed to overall and, uh, shout out to our last week, watch the segway last week where we do. a Solano base. Cause we're trying to not be all food all the time. Uh, Solano base our first choice of cardboard citizens. Uh, even though we couldn't mint it because of how fast and awesome the Salada network is uh, it meant it at 1.5 And it's currently sitting at five, five, uh, salon, so five soul. So that would have been a good, nice flip for anyone who listened and executed. [00:07:04] Good, good job to you. If you were able to get in. Uh, or even pick up something off of four before this one went up but it is in the top 20 and certainly in the top number of so lot of NFTs going and play. So keeping on with, uh, the hot hand that I feel like I have based on absolutely no data, minimal research, obviously this is not financial advice. [00:07:28] I'm looking at smart C society, smart S E a society. And this is on magic Eden, and this is going to drop because I'm trying to find things that are upcoming on the launchpad, because I think there is a market that is more and more sniping. These types of. Newly minted and launchpad. I think magic bean does a good job curating and building up and just they're there doxing things and checking it. [00:07:55] Uh, and they have an escrow in place. So like there's some validation that they're doing. And with this one, I see some utility, the actual art of these silly card, photo, realistic fish with different hats and whatnot on them. I think they're angler. And this be both a community, but also a tool, driven and Ft platform analysis and predictions built into it. [00:08:21] And it's going to be, I think, a salon of focus thing. So this is, I'm kind of going back on exactly [00:08:26] what I where, oh, be careful when you get all your money up front, how do you make money going down there? That's a question, certainly, but in terms of utility, it's got a heck of a lot more potential utility than let's off of a board aid that I'm watching. [00:08:39] Just sort of go on Solana. And I have no reason [00:08:42] why, other than it's mean, this seems [00:08:44] like a roadmap with things that are [00:08:47] completed, um, including, discord and other analytic tools in place. So, uh, Andrew, what are [00:08:54] you seeing here? at this on magic Eden. You know, I do like, that. They say that the team is doxed. As we mentioned, that is privately doxed. Um, they see funds go to a third party escrow interval list. In one day. I do like, there is some utility here, but it looks like it actually, it's not it's not a pass or a ticket type of, uh, NFT we've seen a lot of other, kind of utility based these are actually. Let's see, is there fish, I guess, of a sort with all sorts of different, characteristics to them. So I do like the visual image to them. I think that helps bring collectors in, um, that don't necessarily look at it Um, it helps people maybe try to trade up for better you know, it depends how it's done, but I think that's generally, uh, generally adds more value in the interest to a project. um, and I, if they can really do all these things that are saying they can do, I think that. Really cool tool to check out and, um, yeah, I'm definitely worth or think it's worth giving it a shot at this, um, 1.9. Uh, so mid price. [00:10:03] And again, I've found that on launchpad, that's going to drop, it, says five 20. So on 5 28, that's when it's gonna drop. And you know, you can, depending on you're listening to it, go onto magic Eden. I'll say that I have liked, I've really liked magic. I think it's a superior platform and many ways in terms of the analytics at open. [00:10:26] See, um, it shows you like really good price, distributions and activities. And I you know, it's, it's a, it's a platform and the more I've [00:10:36] gotten comfortable with it, the better I feel like I can, you know, at least make bad decisions faster and more informed. [00:10:44] Andrew: More informed or at least they're more informed, but no more informed about where, uh, where it's going. [00:10:51] GEorge: Yeah. Gosh only knows. And I will say I'm just, I'm still floored by how you know, You know, whatever five, but you know, the trip in ape tribe, which is, I want to be clear, pure and utter knockoff don't pass go, don't collect $200 of like, Nutanix, you couldn't, you couldn't even try less to do This and somehow, you know, its I want to be very, Those types of things have got very, very short shelf life. So when I'm looking in here, how has involved? Because if a project like this can take off and larger projects are going to be able to take off out of the salon and network. That means if someone is actually doing something artistically unique utility value, there is actually a decent chance that it. [00:11:45] Attract the type of people that are like, oh, wait a minute. This thing is actually a good thing, because I think there's a whole separate ecosystem that are like people that are so lonely and you know, more and more big things I think will come out of Solano, whether or not we can hit them with a dart. I don't know. [00:12:02] Anyway, there's your heartache. Remember not financial advice. I'm talking about fish. They give you access to analytics. [00:12:11] Andrew: wrong with. [00:12:12] GEorge: And with that. Alrighty, bye. Lower sell high-ish. So you've heard this adage of in the market of equities buy low and sell high, my son. And you will, you will do just I can't tell you impossible it is. And, and you can actually look on the blockchain and it's hilarious [00:12:30] to be like, there's exactly like zero people that perfectly [00:12:33] hit a high and a low, and I see something I want, it's like one out of a hundred [00:12:36] thousand. [00:12:36] Get it right. Okay. What that really [00:12:38] means is we have to emotionally [00:12:41] and psychologically be fine with hitting the needs. So the price somewhere toward where it's going to be belling somewhere in that bottom 10 to 20%, and then somewhere toward the peak. I mean, recently both, you know, you and I, Andrew were like, we sold before the peak of a [00:12:58] certain project and we were, you know, oh, well still made something, but. [00:13:08] Andrew: Yeah, I think it's, I think that's important to think about because a lot of the time you'll see, you'll see people wait too long to sell [00:13:14] and you know, the idea is, well, ah, should've sold [00:13:16] when, you know, when it was at two and now it's back at 1.8. Yeah. But I think like the next time it gets to two that's [00:13:23] when I'll sell and you know, and then it gets to [00:13:25] one point. You know, it, it gets to [00:13:27] 1.9 or something, but it doesn't get to that too. And you know, all, I think it's [00:13:31] going to keep the learner, maybe getting it gets to you. You're like, no, no, no, [00:13:33] It's going to keep building this time. you've even realized you you've come to the realization that maybe there's no there's new, new catalyst coming. [00:13:40] That the, the news that already had already broken. And it seems like the market, you know, took it, took it fine, but maybe it wasn't as excited as, as you had hoped. And you keep hoping that it's gonna, that the next thing is going to come and. You know, I don't like to be in that position of just coping. I like to look, be able to look towards something and say, you know, I think that there's a reason that this is going to, to hold value or that, that, that value will be added And, you know, it's something that I try to keep in mind and, you know, certainly not saying that I am always able to sell it the right time, but I think you've got to realize. At times you got to look at, not getting back to You're probably not going to be the one to sell it at the exact tie. [00:14:22] And that if, if there's, you know, if it's volume and sales are waiting and there isn't something coming that maybe, you know, maybe it's worth selling at a, you know, not at the all time high, but still at a price that. It's going to give you a profit and that you can leave knowing that, you know, you did pretty well on it, even if it wasn't the absolute maximum that could have been away. [00:14:48] GEorge: Yeah, I think I've made the mistake of holding [00:14:49] too long [00:14:51] rather than, you know, selling too soon, more often and more damaging, I'd say, uh, over, you know, [00:15:00] Andrew: Yeah, I think that's selling too soon. [00:15:03] I don't know. I mean, there's definitely times where if I [00:15:04] sold too soon and I think [00:15:07] it's because when I think of too soon, it's because I sold too soon, almost in relation to the, the event that, that I thought was going to drive the price up a bit. Um, and I think if you do something, think something in going to add value. [00:15:21] Let that play out before. Before selling, um, let it play out a bit, but also realize that you can sell on the way up and that yes, there could be a higher price, but you've also got the sale when there's attention and volume on the project, because we know that volume can drive really quickly. And that piece there's nothing changed. [00:15:41] Even the perception of the project or the artist, maybe hasn't changed, but people have just they don't want to buy anything. Oh, [00:15:50] GEorge: Again, things sit on the shelf for 2, 3, 4 days. and you're being like, well, what happened? I thought the price was there. a floor price is there, but you also need the. absolutely. [00:16:01] So I'd say, you know how to be okay. Selling for a gain. I've heard the tactic of sort of when you buy a thing being all right, here's my threshold. I am fine with a three X or a five X on something. And if that happens, we're talking about affordable projects, so, you know, to be clear, you know, if you're getting in for like 0.1, like, let's just be honest. [00:16:20] If I think starts to go around 0.5, I'm going to get curious about selling. and you know, that's still booking, booking that uh, booking that when and you know, what comes up, comes back down. So you can always get back in. Usually when it comes on, comes on the backside, you know, what I was mentioning right. [00:16:39] I, um, I think I picked it where the current floor is, but I also got that drop. And so, you know, you're, you're saying like I get, there's a natural life cycle to these things and, and, and paying attention to where you where you are on that. But volume is a good indicator. Uh, what's going on and you, you want to ride that at any point because of the way that whales can kind of move into two different projects. And suddenly, you know, you had this floor price that was like pretty far above your price is pretty far above the floor. And all of a sudden [00:17:09] it's right there. Understanding what that [00:17:14] looks like and where you are [00:17:15] at those four distributions, those different plateaus. So are you between the plateaus or are you at plateau is another thing to consider when you [00:17:23] begin to sort of throw out the rod, cast it out there and wait for it. [00:17:27] Wait for a bite. Emotionally prepared. That's what I'd say. Be emotionally prepared. And one of the things I really do is I [00:17:43] stop looking at the fricking thing afterwards. That's my real trick. Just stop putting in the price. If you sold it, you done just don't do it. [00:17:52] Andrew: Yeah. You know, I think one thing to keep in mind and I said [00:17:54] this, I can't remember now, if I said this in this episode, I've said it in the past, when you're, when you want to watch some of these really closely, um, you know, there's times where I buy and I'm ready to hold that for a long term. You know, if it's, if I'm buying an artist piece that, you know, I, I really am not looking for a quick flip and there's other times where I, think you know, there is some momentum here and. that it can, you know, there's, potential for this to write up, you know, and sometime, You know, and I, I kinda know that this is one that isn't one that I necessarily think, or in confident will be there, you know, in a year that I didn't want to hold for six months. And, you know, in those situations, I, see it move really quickly. [00:18:33] I think that there's it's probably a decent time to look for a sale, have, if you did. You know, by two of them, um, definitely nice to be able to, to sell, um, at that point and realize that there's other people that hold are going to see that that price came up quickly and think, well, you know, maybe that and, and sell their piece. [00:18:55] And then it, you know, it does bring new listeners. You've when the fuller a floor price moves significantly. So if you are watching be potential to, you know, to maybe move in there before, uh, some other people too, and you know, take some profit and knowing  

 How are proceeds from NFT sales used? Most project creators take a large percentage for themselves NounsDAO pools funds together from sales for community directives   Affordable project: Across the Face by Osinachi NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: OpenSea launches Seaport ​​marketplace protocol allowing NFT bartering A Hacker Took Over NFT Artist Beeple's Twitter And Followers May Have Lost Hundreds of Thousands of Dollars  Andreessen Horowitz Announces New $4.5 Billion Crypto Fund - Decrypt Adam Neumann's blockchain-based redemption story now sponsored by a16z | TechCrunch   Rough Transcript: [00:00:00] George: Today on all affordable [00:00:41] NFTs. How [00:00:43] are the proceeds from NFT sales actually used money goes in. [00:00:49] Where does money go? We'll dive into Andrew, seeing some NFL? [00:00:55] Andrew: Yeah, I do have a kind of thing. News from See, I guess a couple of big things. one thing, they just changed the look of the site around quite a bit. So if you haven't been on there recently should go check that out. A few new things. Definitely looks a little bit different, looks a little lot more social on the um, on the, uh, profile page. But other big news was they released their sea port protocol. Um, couple of things. Parts of this one. it's going to allow people to trade NFTs rather for ease. You'll be able to say that maybe you want to trade a uh, Uh, I don't know, gold ape or something, and say that you'll, that you'll take specific, uh, Zuki pieces and that's one to bring up. [00:01:42] Now, try to go some high end. [00:01:43] ones, you know, is what I was trying to say there. without going into the projects where we actually talk about them. But anyway, you'll be able to trade them for specific traits. The other part is that this protocol will allow other people to use kind of the back has already built to run their own third-party marketplaces. Um, so this is, I think it's actually pretty big news here, uh, will allow a lot of people to, um, uh, sort of, you know, give it a shot of making their own allowing that. But I think in the end, that competition will make, you know, as we've talked about having more marketplaces pushes these forward and I think, uh, improves the product in the end. [00:02:21] So I'm excited to see what actually. It happens with the trading of NFPS. I know there have been out there. There's also been involving those are involved, but there's a lot of people that use those sites and, uh, in not great wage, which has made them a little hard for me to want to get into. [00:02:39] But I would be interested in trying out trades on the open seat platform. or on a trusted marketplace was using their Yeah, the open-source part gets me excited because it's additional functionality that. [00:02:54] George: could be brought to bear, I think, and even specific projects. and I've seen this probably [00:02:59] most popularly in me, bits where me bits actually had the ability to [00:03:04] post and trade and [00:03:05] interact, um, the uh, the actual uh, from a back and forth. [00:03:10] But this is across project, but also [00:03:12] Andrew: Yeah. Yeah. We'll see what happens here. I think it's, it's, it's cool to see that that's coming from open. See, because it hasn't always been thought of as the most open platform. Um, but They are definitely, uh, opening up, uh, their backend here. And I'm excited Oh, I'm just excited to get farther and farther [00:03:29] George: away from anything resembling money and more of a horse based anything that brings us towards that is [00:03:35] Andrew: That's right. Trade your [00:03:36] George: horse. Sorry, digital horse based economy. [00:03:39] Andrew: Right. and of course we'll that, that will be the, the peg in the long run, right? Um, boy, my breath though. [00:03:47] Yeah. [00:03:50] All right, we've got some other news here. We've got uh, big Crip, or sorry, big a VC firm. They have launched any new $4.5 billion crypto fund that is billion with a B that is huge money. Um, you know, it's not necessarily a NFTE specific, but I am sure that some of this will flow towards NFTs. [00:04:11] Um, so I think it's, it's, it's, I mean, it's an absolutely huge number and good know. Remind people that there is a lot going into to crypto, even when the prices may be aren't going up. Uh, just keep that in mind. [00:04:26] George: I think things like this speak to total addressable market and be built right. That will get the next a hundred million people onto the platform because you're not getting that amount of money, unless you can answer the fundamental question of who is the total addressable market and how do you get them there. And I think there's going to be a lot of innovation brought to smarter UX and Wallace onboarding Fiat beyond just like send it to Coinbase and then send it around. and I think it's a, you know, a very positive sign. that you know, time spent right now on crypto and collecting NFTs right now is like, I'll just be honest. like, it's tough to watch number, go down every single day. It is a different place to see that, like, Hey, there's a huge increase coming in terms of building an investment, If we were seeing, if we were seeing right now diminishing amounts of money being be spent, guess this was just like that hype cycle that. that was one and done. I think what you're seeing is the builders and [00:05:34] VCs realize that this is just the beginning of [00:05:37] something. This is new tech yet to be applied rather than like, wasn't it weird when we all lost our minds in 2021 around NFTs? Yeah. Back to normal, [00:05:49] the amount of investment just in Q1, you know, dwarfs any other previous. [00:05:53] Uh, I mean, obviously Andreessen Horowitz pulling in Billy's is a weighed into that, but the amount of investment, the amount of dry [00:06:02] powder being put behind a new [00:06:04] projects that are rebuilt, uh, is significant. [00:06:07] Um, it'll be interesting to sort of play off of our, where, then move into the market? [00:06:14] Andrew: Yeah. Well, we do know, where at least some of a 16 Z has moved some of their money. Recently, they led a round or at least participated in around, uh, Adam Newman of rework new. Uh, chain flow, carbon and 70 million going into to see. So those two stories, both coming up this week. [00:06:34] Doesn't always, uh, doesn't make me super confident that, uh, we're one of these. I mean, sounds like, sounds like an, another layer one that's being run by Adam Newman. And, um, I don't know, I have a lot of questions. We've had a lot of Romans with alt layer ones as it is, and it doesn't exactly have a lot of, or give people a lot of confidence. [00:06:59] So we'll see where this goes. And I really hope that most of this 4.5 towards, uh, things that are a little bit more, um, uh, well tested in marketplace then than these new L ones. [00:07:11] George: So you're saying that flow carbons And GNT that token it's on [00:07:15] its way. It's not a, it's not like on an [00:07:18] Ethereum level. So, yikes one, however, just to say, I is looking to create carbon offset accreditation and tracking for it. I mean, you know, clean, the Dow has already done, I think, an amazing amount of work and sort of that sphere. [00:07:40] And, you know, they've had the successes that they've had. I will say to Adam Newman's credit, uh, that gentlemen can sell people on things, uh, quite well. And one thing I know you need to [00:07:52] sell folks. [00:07:54] Andrew: Yeah. Yeah, absolutely. So, this works out well and you know, it is what it uh, benefiting, benefiting our, uh, ecosystem as a whole, I guess. [00:08:08] George: Also, I will say [00:08:10] in terms of like, there are many risks [00:08:11] associated here, I'm actually oddly if the person's fairly wealthy and not likely to like a bunch of money out, you already did that with the last company he's done. Hopefully you won't get money out. Right. Cause history never repeats itself. [00:08:24] He's got enough dollars. So this can be like, you [00:08:30] Andrew: Maybe we should start looking at the new lunette shame. heard new loon is going to be so much better than last. The is for losers. [00:08:39] I think I'll stay away from that one. But I think this is interesting. There's some, you know, they're not the only name. There are some other big names on the list investors here. So it's one to keep an eye on anyway. [00:08:53] George: Yeah. Okay. A hacker tool hacker. [00:08:58] NFT artists, people's Twitter. [00:09:00] And you know, when people lost hundreds of thousands of dollars as to problem of crypto Twitter, and having [00:09:06] all of your wallets, [00:09:08] connected to the ability for attackers to after Twitter, um, they reportedly may have lost these investors, uh, $438,000 worth of cryptocurrencies. I mean, that's [00:09:20] Andrew: I mean, it's a relatively small one compared to all the other scams and hacks that we are at many of the other ones that we've talked about. But, uh, you know, just another one to another way or thinking to are I guess, you know, don't always even trust the links from, from the accounts that you do follow the authenticated accounts because you know, those can get hacked too. [00:09:40] And if it seems too good to be out of the blue or whatever, you know, Give it a second and slow down. Yeah, I think, you know, if you listen to [00:09:51] George: any of our stuff, it's, you know, trust, but [00:09:53] verify all these, [00:09:54] things. and I, I, I genuinely [00:09:57] think it's project owners to do a little bit of what [00:10:02] I said of white hat hacking and [00:10:05] trying to trick your own audience, just to [00:10:06] steal them against potential. And it doesn't make sense, don't do it because anything can we're talking about a lot of money now when certain projects get up there, but again, the onus is on the owner. [00:10:22] Andrew: All right. Well, why don't we move on to our affordable project? I actually have one for us this week that, uh, mentioned in the discord. there, you seen that. I mentioned I was minting this minted, a few of these, and this is a collection called across the face. by. [00:10:38] Uh, Nigerian NACI is an artist that I've been familiar with for a little over a year. Now I hold of his, but I was excited to see this collection come out. It's uh, on the async platform, which we've past. Um, this new async blueprints platform Uh, a bit of it's a degenerative art platform, it's not quite, it's not generative in the sense of gender of code building these pieces. [00:11:03] It's all pieces exist. Then they've run different variations come out. Um, so. They're all of them. It's a bit of a self portrait, I guess, of him in various stages with gait across the face. Um, there's a reference to a object actually on the face of each of the characters in the set. [00:11:24] Uh, it was a thousand pieces. and it did 4.1. Each floor is right? Um, I I really like this set. I like how it looks. It's very much, uh, very much in of these other I've seen. Um, and, I think it is, I think it's a great way to get new collectors involved in some work. [00:11:43] Um, as we've seen with some of these other blueprints, um, from Colby and the X coffee ones are now, certainly in, uh, those went up quite. Immediately, but even the Colby ones now I think are up over one E that piece. Um, and So I think this is a good one. If it's, uh, if, uh, you know, for a long-term hold, um, I think there's a good chance that it was a Nazi is still relatively, um, Uh, not well-known in the space and, and that a lot of people will come to know him. [00:12:14] He's been working, um, with blockchain art for a considerable amount of time now, I mean, over, you know, at least compared to most others over three years. Um, so I think that bodes very well for how he will age in time. people come to appreciate, uh, blockchain art specifically. [00:12:31] George: I like this too. it's a thousand items as you. And 334 owners. I like that sort of small batch art a rather than PFP, like here are like 10,000, because generated as many as you want it, but this is a very focused, smaller batch. And definitely says something I say as a, as a collection and the great time to sort of say, all right, You know, who is an artist is going to continue to build over time. And Uh, you know, as you mentioned, The art, the art is unique. it's not a derivative and it is in his style. I'll also say, cause I've been, you know, I've been in picking up individual artists in this way that I like the collection. It seems like the collection also carries cache because if it's like uh, buried in so rare somewhere in unique, obviously the artists but I'll just be honest. you need that secondary to be able to find it. And if you [00:13:31] can't find it, you're not going as many [00:13:33] competitive bids. The pieces [00:13:35] are just not going to move. So I like that this is a collaboration between the, the, [00:13:40] async blueprints and super rare in this case. [00:13:44] Super rare, so that it's potentially a larger [00:13:47] audience of this will be found in the future rather for esoteric people who know [00:13:52] how to like perfectly search that said, don't you think there's going to [00:13:55] be much smarter art platforms that, like Kool-Aid around artists rather [00:14:00] than just collections. Yeah, I can definitely see, you know, more artists specific. They, you know, maybe that's something even see spin up out of, You know, some sort of, uh, Open seat marketplace for specific artists pieces are collected in there or, you know, in a small number. I mean, I could see that being somewhat of a gallery style where you could select people to be in or select even different collections to be in a specific marketplace. [00:14:27] Andrew: Um, no, I do like that this, this is on super rare and async, and. It's interesting that You know, I don't, I'm not sure what the super rare part is actually adding to it at this point. You know, you have the knitting sink. Um, now the, the trading is primarily on open sea and super rare. Um, you know, you can view them on there. [00:14:50] So I'm curious to see where superhero. Goes with how they're expanding, trying to expand their platform. you know, at this point it. doesn't seem like there's much there other than you can view them on that platform. I, guess you tend to sell them, I believe, buy and sell them there, but it's not, it's certainly not where most of the trading's happening. [00:15:08] I haven't checked if there's there. has been any at this point. Um, I think that there's A potential for these to be used to build. You know, to build new pieces too. You know, we've with the with his blueprints piece, um, or he's doing that where You can put multiple pieces together to build a new one or build special additions. [00:15:27] So, um, it's, it's within the blueprint system. And I would, you know, I would like to see something like that maybe if, you know, come out of this at some point or I'd be interested to see it. I you know, I also love that the pieces as they are, but I could see that potentially being something that is in play down the road. [00:15:43] George: Yeah, full [00:15:44] disclosure. I uh, picked up one as well. As soon as I [00:15:46] saw that you, dropped that in the discard. And I was like, well, that's good enough for me. I'm going in? And [00:15:52] Andrew: Yeah. There's a lot of, lot of good collectors in there. A lot of other artists, uh, they're now Armin, I noticed, uh, um, Brian Brinkman, some other artists that. [00:16:02] have been around the space for a long time. You know, I think that it was the NACI has a lot of respect from, from well-known artists in the space. Ransom bits is in here. I see recently purchased a couple hours ago. [00:16:14] Yeah, I have, I picked up a couple on of drive. I like the idea of putting a few of these together and making a collection and I want to get one in each of the objects on the face. So yeah, I am, I'm a holder and [00:16:26] George: Oh, so you, so there's different objects in the trying to pull that, together. Do you think that's going to be worth something or you just like, from an art standpoint, [00:16:32] it's just school. [00:16:33] Andrew: I think it will look cool together. You know, I think. there is potential that maybe There's something like that having a full set of each of the objects will at least look cool and trying to put some variation in what the objects are and what they're wearing. you know, there's different things that. [00:16:47] Yeah, different hats. There's different, um, clothing. So there's a shirt and tie. There's a basketball Jersey. There's, you know, I dunno there's even more, um, more ways. There's four different backgrounds. I don't know if the yellow is pieces in the past that I've seen. [00:17:03] Um, but I think that, I don't know the backgrounds even add a lot to this there's I think. There's a lot of ways that people could end up putting collections together. And I think it would be, it'd be cool if there were a way to, to, to put these together in a way that, you know, builds a new piece or something, or take something out of this. [00:17:23] But, you know, I have no idea, something like that will ever happen. [00:17:26] George: So you're just planning, playing an app, but you're going and you go? along. I know you've been keeping the powder dry, So thank you for bringing this to us as a really interesting one. Okay. [00:17:37] Andrew: right. Well, why don't we move on to our theme? [00:17:41] George: So I think this is in particular to PFP projects larger 10,000 pieces that are put together [00:17:48] by, you know, a [00:17:50] developer group and agency. What have [00:17:52] you proceeds or a Dow certainly. Now [00:17:56] look, money is made. Where does that freaking money [00:17:59] go? Like hard and fast. It goes to a wallet. So whoever has the keys to those wallet [00:18:05] has that [00:18:05] money. [00:18:06] So technically you could just run away with. [00:18:10] So, how do you start [00:18:12] from there is like where, where does the money go and how can you tell where the [00:18:15] money might go? [00:18:18] Andrew: Yeah, I think. this is a good question because I mean, we've got a lot of projects that talk about building a community and they raise a of funds and it's not always apparent. How much, or, You know, at all, will be spent to build that community. And we've certainly seen a lot of rogue projects where, you know, someone really just takes, it, takes The, ease, shuts it down. [00:18:37] We've also seen a lot where it's completely normal And open that the creators are taking a large percentage of the mint proceeded. Right away for themselves as if that's, you know, the the payment. And, you know, it's a concern that we've talked about here before, when you're getting paid a lot upfront, it really disincentivizes you to continue working and to build towards something bigger, you know? [00:19:03] And I think Uh, you know, we've seen something different in a project that George brought recently in the little nouns. Um, the, now this is? a project put out by nouns Dow, and both announced out with day, but that's all pooled into a joint, uh, joint account where all this ease is pulled up. [00:19:23] And then the doubt owners, any of the NFT owners can decide how to use that. Uh, one of the projects they spun up recently, he is this little announce, the Middleton hounds Dow, little now project that is meeting one every 15 minutes. And now they're raising funds from this. Now this is also going into a pool. [00:19:39] So this is really interesting. I think in that, you know, where this is going, it's more of buying into a collective, um, collective that. [00:19:47] gets to decide then how to use these funds. Do we know where it is? You can see it. And everybody gets a say in how those are you. [00:19:57] George: That's totally true. And that, that problem of taking that lump sum up front, and like, what incentivizes you as that continued percent of sales. Right? So that's the other side of like, where does it youth go So you have these two, you have one big moment of mint And ideally human doubt and all of those proceeds kind of roll into the bank. And then how does the, the transactions daily so you can get, I think it's max, what can you take up to 10% is what is the maximum limit on. What you can designate open, see, to give you as a percentage of a cut of any future transaction, or is it higher than that? Somewhere in there. [00:20:35] Andrew: I'm not sure, actually, it's probably around that. [00:20:38] George: So you have those two moments, uh, money up front, which is like, you know, that's, that's the big nut. And then ongoing, I see it more common saying, and then every future sale, half of it will go to charity or half of it will go to that or we'll do these other things. And that. presupposes that people are that they're going to be transactions, right? [00:20:56] Cause if there's no transactions, There's, there's no money in the door. And I think that has been one of the issues that we have seen with the long-term value of access, tokens, tokens that give access to analytics platforms you have a development team, developing things. and they're, you know, they have an update next week in one month and in two months, but the big amount of that came in was. [00:21:21] When people initially bought that. So there's this problem of you know, follow the, money on how that will sustain into a developer over time. If those are not changing hands, because people are just using the tool. There's, there's a question mark there. I see This comes back to also just frankly trust. [00:21:40] And what you're doing is saying does this person plan to be with the project or even if they do, and maybe they don't. And they're like, look, it's very clear. Uh, it was a Nazi it's like taking this money and like, you get art, I have money. Future utility is on you. it's right there. [00:21:56] It's right there in the in the logic. Um, but I think for a lot. of PFP projects, And the, I get a little suspicious. I get a little nervous when I see large percentages being tagged into future transactions without like, the utility. Like, if you're going to say, all right, you have open seat, 2.5% of the cup. [00:22:17] If you're gonna be taking 10%, the big question is how has that money that you get going to increase the utility marketability secondary value. Of the project or is it just going to line your pockets in perpetuity? That's a trigger to me and be like, this is, this is a cash grab and maybe it's done under the veil of all. [00:22:40] I don't want people to be Transferring around, so I'm setting it high to make sure it doesn't move a lot. And you're like, Hmm. I, uh, I'm, I'm concerned when that, sort of thing happens. Also. Funny thing about that percentage is that even though it's [00:22:53] like, quote unquote written to the contract, it doesn't. It's more of a guideline than a rule, like platforms don't have to follow that [00:23:02] percentage allocation. Actually, even though it's in the [00:23:04] contract open, see is honorable. That's used to do it, but there are [00:23:07] platforms that you can go to that don't honor the creator [00:23:12] fee. I think it's called in contract. they just don't write it into the, the signing of that contract from that piece. Transferring another question for me that comes with. [00:23:22] What happens if I trade that board aid for some, you know, other, other ape or [00:23:28] other things, how does that, how does that happen in my paying it fee? Am I not? [00:23:34] Andrew: Yeah, that's a good question. You know, I think that there's, that's something that's going to come up obviously as this, uh, new trading I think as A trading platform comes to be, you know, we'll have to have that, that do you, I dunno how to creators get paid, you know, but I think in general, maybe we're seeing sort of a shift in how people want to. [00:23:53] Uh, what the east to be or where they want it to go. When it goes into a wallet that is controlled by, you know, people from the community, you know, I assume it's a multisignature wallet. I haven't looked, um, particularly much into the mound stout model, but I think people there's been a lot of tension on announced out for a reason recently. [00:24:14] Um, and I part of it is that that little nouns, uh, project meeting, but people also coming to a realization that, um, you know, maybe that. A, uh, a model that some other projects should be I'll say it's really been fun inside of the little nouns, like part of that they're trying to figure out how to spend the money. and there's like, I dunno, like 30, 40 eats we're talking about and they continue, to to generate because as an ongoing basis, every 10th now, Goes to the Dow And every like 11th goes to the nouns proper now, and there's talks about like, oh, maybe we should buy a noun. [00:24:48] George: So we get like rights. Maybe we should do marketing. Maybe we should do more, uh, donations to charity. Like there are actual considerations of how you guide these funds and it is a you know, it's doing well right now. Um, And you know, might be hopefully not my pick of the year, but it is. was a good pick. [00:25:11] Uh, [00:25:11] Andrew: Yeah. I noticed [00:25:12] George: also have though, related to this like how the proceeds are used and sort of once the proceeds are done, that initial sale is done. It's on the the interest in passion And reputation of the creators to continue, right. That there has to be extra energy. uh, you know, shout out to since you brought us that one, that was, that was a very good one. And they had this amazing Twitter thread where they just talk about how they launched in July of 2021, some fanfare, they just had general PFP And they just, it was collapsing. They just, utility. They're trying to be comics. and they're like, look, we're financial folks Like we know markets like. it And instead of watching yet a new thing, they brought this thing sheer will and reputation, and started churning out actual daily posts that are, very helpful and interesting hot takes on the [00:26:05] market. And also now just delivered, uh, the, the [00:26:09] wreck, uh, the Rex guy [00:26:10] drop. [00:26:11] And so, you know, that's an example of like, they weren't getting paid at And so you have to think about that. I think with, you know, how these [00:26:17] proceeds are you There is extrinsic intrinsic here. [00:26:20] And once the dollars, sorry, sorry. Dirty Fiat. Once the Eve dries up the passion has to kick in And I've been [00:26:30] really impressed with how those folks have Have turned it around over there. [00:26:37] Andrew: Yeah, I think that's a good point. you know, I think we've, we've seen some other projects with Freemans recently, and we've seen these in the past and You know, those are, that's another one where. Yeah, I guess you are really want to continue trading. If you're really looking at only getting paid based on, uh, based on a percent of transactions. [00:26:55] So I think that's a good thing, you know, we've seen, we've seen a lot of inferences. Really get up there. And I think any, any mint that is especially high is, you know, it doesn't mean don't do it, but it does mean, you know, they earned the right to do that? Have they earned the trust and will they, you know, you know, I don't know, will they continue to work at it to, to add value? [00:27:23] You know, it's something that, you know, you've really got to keep in when it's a high, mid price. [00:27:27] George: I'm afraid of making any absolute statements, but right now you can hold me to this one. I'm really going to stay away from Hyman prices. I'll just be honest. [00:27:36] If, if, [00:27:37] X copy can't hold value for a [00:27:40] mint price. The arguably well-known names in the game, then I'm, I'm really, I'm not going to be traveling too far over 0.2 weeks for mint. And especially in that, market right now, like in hotter markets. Sure. but until the next moon, birds comes along And we see it coming and we're like, very clearly you just try to do your best to get in that white list And you know, good luck. [00:28:04] But otherwise it's It's a very sharp [00:28:08] market out there. I'll say. [00:28:10] Andrew: Absolutely. Yeah. I'm definitely watching my trades a lot closer right now because, uh, I've noticed things quickly if, if they don't have much history or even if they do, in some case, this is. [00:28:22] George: Yeah. Quick note, a little alpha here for the DGN, since they did the [00:28:27] a D E G E N Z. Uh, they did do that drop in snapshot [00:28:32] already. The price tends to drop after that, but I don't [00:28:35] think the value of this community is going away. And it might be an interesting [00:28:39] time to just keep your eye on that floor. it's currently hovering And it may drop a little bit more [00:28:45] Andrew: looking at. It was up to almost half anyth by the way. So it's fluctuating, definitely worth keeping an eye on. [00:28:52] George: the problem is I don't want to sell mine. I need This is the whole problem. Like, oh shoot. I should've got two. and it's the same thing with low now. And I'm like, I can't sell it. Oh no. And now I have this like heartbreak of watching this thing right

  Theme: Is Instagram actually really big news mint/transfer/buy on platform via polygon? Step 1 is read NFT only Waaay more than PFP “think even bigger” from the Matic engineers working with facebook on Bankless podcast https://www.youtube.com/watch?v=5TBqnWVgui8  Other chains coming too: solana, Flow Affordable project: NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: OpenSea Finally Brings In Some Features To Detect Fake NFTs 

  https://web.archive.org/web/20210512185121/https://cryptoslam.io/  How can this change how we think about top ten right now? NFT News Non-fungible Token (NFT) Market by Application and Geography - Forecast and Analysis 2022-2026 Linktree is rolling out new features to allow creators to showcase their NFTs | TechCrunch  Voxels Airdrop Coming Amidst Flurry of Platform Activity - NFT Plazas  Spotify starts trialing NFTs on its platform, Music Ally reports  Rantum NFT Market Data,  Cryptoslam.io NFT Collectible Rankings by Sales Volume (24 hours)   Product   Sales Change (24h) Buyers Txns 1 CryptoPunks $3,152,021.29  1.80% 21 33 2 NBA Top Shot $1,710,428.00  37.59% 12,855 42,780 3 Meebits $782,390.65  62.42% 60 80 4 Topps MLB $301,453.05  156.17% 1,522 11,831 5 Alien Worlds $224,566.67  36.75% 6,937 56,854 6 Art Blocks $172,373.11  251.65% 8 9 7 R Planet $144,218.21  21.75% 194 376 8 Sorare $96,201.50  30.42% 406 586 9 Bored Ape Yacht Club $85,670.41  18.11% 37 39 10 CryptoKitties $31,413.11  1,364.78% 4 5 11 Tribal Books $19,069.08  50.37% 22 66 12 HodlGod $16,965.83  0.64% 45 182 13 KOGS $11,680.25  25.47% 391 5,006 14 Dark Country $11,199.05  6.43% 335 2,745 15 Bitcoin Origins $9,812.39  17.04% 37 84 16 The Horrors $8,058.94  191.07% 170 258 17 The Uplift World $4,813.92  45.13% 10 11 18 Avastars $3,437.82  189.71% 2 3 19 Garbage Pail Kids $3,260.45  9.11% 87 456 20 Mutant Warriors $2,265.88  21.82% 60 295  

Theme: Is the shine off ethereum-based NFTs? Solana surpassed OpenSea in daily trading Ok bears?  Okay Bears atop volume charts, inspired knock-off project Fxhash (tezos) surpassed ArtBlocks in sales volume of GenArt   Affordable project: Metroverse Genesis Mini - Collection | OpenSea  Metroverse price, MET chart, and market cap | CoinGecko  NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Magic Eden Tops OpenSea in Daily Trading Volume as Solana NFTs Heat Up  Struggling Artist Makes 4X His Yearly Wage In His 1st 12 Hours Selling NFTs  Okay Bears NFT Clone Comes to Ethereum  https://twitter.com/9x9x9eth/status/1526215809453916160?s=20&t=mzOzoah_7CWZ9pStS9gX3w 

Theme: Can we stop saying blue-chip NFT? In the land of equities https://www.investopedia.com/terms/b/bluechipstock.asp  One criteria: Have you survived 1 year or more and lived through a bear market with the same team maybe you are a blue-chip…    Affordable project: Bankless DAO: https://www.bankless.community/ Discord shout out: https://opensea.io/collection/avius-animae  from JohnnyMac6969. https://medium.com/@johnjannuzzi_89786/avius-animae-is-just-the-beginning-327196677852  NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Blue-Chip NFT Collections Hit Harder Than Bitcoin in Crypto Rout Azuki Founder Rugged 3 previous projects. Instagram is Rolling Out NFT Tools This Week, Letting Digital Collectors Clearly Show That They Own an Image   Transcript: [00:00:00] Today on all about affordable NFTs. Can we stop saying blue chip NFT? We'll get into that at first, Andrew, what he's seen in the news? [00:00:10] Well, I think you know, this is maybe alluding to one of the things that I'm seeing in the news because ah, we saw this as Zuki has been. Maybe claim to be a blue chip and Ft who that has taken a big hit. The the founder came out and exposed himself to have been a pro Ben, the founder of three previous projects that, you know, you can debate the, the, how much of rugs they were, but he definitely took a lot of ease and didn't deliver everything. [00:00:42] Deleted socials, maybe impersonated a female persona in a, in a Twitter does account for one of the projects. So all these things, so. That's a Zuki project clearly fell out of the blue chip status quickly. The floor went from over 20 to under 10 fairly quickly. Although I believe it's still holding around 10, somewhat, surprisingly to me, I haven't looked at the last day or so. [00:01:10] But yeah, that's a, that's one that I think is maybe triggering the the title here is I think we've got to look at this. There's no such thing as a blue-chip in NMT because they are an FTS. Pictures, they're JPEGs. They are digital files. And we've only been doing this for how long there's the oldest ones are like six years old. [00:01:31] I mean, like the oldest, oldest, oldest, come on, you know, there's no such thing. We know that there's no value assigned to these are most of the time. So there's no such thing as blue chip. We got to get over that. Right. But that's what we were seeing out there in I don't know, other craziness that we didn't even get to talk about last episode [00:01:50] It was, it was a bombshell that this went off and like, it was like everywhere. And then suddenly it was just, we didn't even mention it last time. Cause it just like, you know, it would have been the entire focus of a whole episode, but you're like, ah, well, so it goes, you know, like what? [00:02:04] Yeah. Do you know what the floor actually is on a Suki now, did you [00:02:07] Yeah, it's a little over 10. I just peaked it. So it's, you know, the community is holding strong, but there's a lot of A lot of negative, a lot of negative pressure there. And also it's just, I can't get behind the impersonation elements. The, you know, I want to be careful because founders are allowed to fail. However, the way you fail is very important in crypto and rugging is just something that's gotta [00:02:31] mean, you could fail, but better disclose what your failures are, disclose your past projects. Say what you're doing now to learn from that. Not after the fact not this was, you know, and I listened to a Twitter spaces that he went on with. Andrew, Wing's a kind of social NFG, social media personality. [00:02:51] And, you know, it was really disappointing because he gave very run-around answers. Wasn't. As much as far as follow-ups and didn't seem to really understand why people were upset with the whole situation. So little unclear to me why he wrote the article. There were some rumors that others knew about this and were kind of forcing him to come out about it or else they were going to meet the news. [00:03:14] So I don't know about the veracity of that, but there's also the, I don't know maybe doing this when when there's. A lot of other negative news, you know, to hopefully have people sort of move on quickly. And I don't know. We'll see what happens here. You know, I'm looking at the sales right now and they are solid. [00:03:31] There's a lot of sales happening. So he is certainly taking in a lot in royalties as these 10 plus eats sales. Just roll in every, a few minutes here. [00:03:41] Yeah, well, it's like as, as they trade hands, he does well on volume. So, you know, okay. You know, not a project that I kind of ever got into around another title and you're going to be seeing, I think a lot of this is the, this from Bloomberg Bloomberg out of blue-chip NFT collections hit harder than Bitcoin in crypto. [00:04:02] And so it's, you know, it's definitely true where you're not down 30% or, you know, under a hundred EAs on board apes and punks have fallen as well. You know? I don't know. What do you see in this? [00:04:14] I mean, it's an attention grabbing headline. I'm not, it doesn't mean a whole lot. I don't know what blue chip means also. I mean, over what period, you know, if we want to say a year ago, Four dates have done pretty well compared to Bitcoin. If we want to go, you know, a week ago, it's different, you know, I mean, that's a sort of how, how it goes. [00:04:35] It really depends what you're measuring. So I don't know. And they're using the term blue chip, which I wouldn't. I [00:04:42] Yeah. that's, the blue and that's the blue chip use, right? That's why I had to include it. I had to include [00:04:46] as that is funny. And you know, they certainly, I don't know if you're going to look at the non Bluetooth. I would say gets a lot worse. [00:04:54] Yeah. Okay. Instagram rolling out and hefty tools this week. I guess it depends on when you're listening to this, but they're letting digital collectors show that they own a image. So there you go. Following the, you know, falling with Instagram what Facebook always does, which is copy and paste, ironically for NFTs in terms of features that Twitter has already rolled out. [00:05:17] So now that. Maybe I, you know what, there's no like, oh, this'll bring in everybody. It is another little sort of minor move of web two to web three that might interest seven people [00:05:29] Yeah, and it's not a real big move. I did notice that they're working with a few different chains, including polygon. I think that's what they were launching on initially. So I think that is interesting. That polygon is being used there. I think we'll see. [00:05:40] I can bring my horses. I can get my horses into play. [00:05:43] Well, yeah, and I think it's good for that, for that layer to start getting used or getting used by bigger, bigger customers that maybe need to roll up more of these transactions. So I think that's good to start seeing them actually realize that that could be a problem later on, rather than just going on a theory of only, and assuming that it will just work. [00:06:05] And I, you know, I don't think that's gonna work for Instagram users when the fee, when they see these. Are insane on the Ethereum network. So going into polygon sounds like the right move and it makes me a little more optimistic of a polygon as well. Not that I haven't been big on polygon to begin with. [00:06:22] Yep. Nah, I'm in long polygon, but been a little painful to be old in the old MADEC token, as of late [00:06:27] Yeah, absolutely. Right. Hey, you [00:06:29] bit. The interesting nuance here, just speaking from my own perspective and what I've, what I've seen is that, like I have an Instagram account. There's no way in the world. [00:06:39] Then I would change my picture to an NFT because I have a different personality there. My web two socials are very, very, very, very different. It's like, there's this like, you know, [00:06:52] nighttime, I'm mostly stable daddy during the day. I have to be a reputable human being and also a dad and also somebody on social who's posting pictures of the kids. [00:07:01] Like I'm not going to put up. You know, I'm joking. I'm not going to post my, my, my horse as my profile pics. So, okay. On the positive side though, I'm a little [00:07:12] Maybe that says more about your NMT collection then. [00:07:15] I've Hey, maybe I can, I'm still trying to get one of these nouns, like that might do it now. It's just, you know, I just don't like the signal unless it's like designed for that, but you're right. [00:07:25] Maybe I [00:07:26] Yeah. Well, I think that's something that we need, you know, that we'll need to be champ or overcome. That is a challenge. If people don't want it at all, they're into it. You know, what is the right way for Instagram to maybe come into this? And I don't know what it is. I don't know. I'm not sure if they're just trying to force their way in here, but you know, if we need people to come in to make this grow, you know, we're going to have to see some other adoption than, than what we have right now. [00:07:49] but the Domino's are there. Right? Because if you look at Oculus and that whole ecosystem, you know, pulling in NFTs is just one step to the left. Now they're beginning to go in that direction of allowing these these entities. And like that starts to get me interested if suddenly I can like bring in my skins or whatnot into, you know, moveable elements. [00:08:09] So we're seeing the beginning of the beginning. Something to be hopeful for, but again, I'm not holding the breath. All right. Any else? Anything else in the headlines before we move? Move into [00:08:19] No, nothing else from me. [00:08:21] Okay. So I have got an affordable project kind of. That's the funny thing is I've been talking about this prior to, you know, everything melting down and I still like it as a play. [00:08:33] The Bankless Dow. So Bankless is, I would say the number one most listened to crypto podcast or for certainly Ethereum based podcasts. They have, you know, guests like. You know, the metallic and they pretty much can get anybody on this. On this podcast. They have a tremendous listenership, a very active discord in the Bankwest stout essentially is by membership. [00:08:57] If you have a 35,000 of the Bankless token, and that then gets you access to you know, their community, their, their alpha, their conversations, and also just a ton of voting and a very impressive network. And so that. You know, it's a token, mind you and everything is a pretty volatile. I don't know if you've noticed, but their play here is coming back to NFTs in their conversation with Kevin Rose, who you remember is behind moon birds. [00:09:28] And their conversation there, they were kind of picking Kevin Rose's brain about, Hey, how would you do an NFT drop if you were us? And his first statement was just like, you've got to reward the people who were there at the beginning, the people who are your original holders and people that are downloaders would be potentially one of those groups. [00:09:47] So this is, as you can see speculation upon speculation, but at the very least, you know, I think you're, you're part of a community that has attention and has loyalty and has. And when we think about things, that'll survive a fire. I know that they are committed to continuing that podcast. They have survived previous bear markets, one of those indicators, and I think they might be around. [00:10:10] So I don't think an NFE is coming anytime soon, but when prices are low might be interesting. What is your hot take on this, Andrew? [00:10:18] I like it take, huh. Now these guys have been around building. They have been wiped out. They were around in 2018 and I listened to their podcast all the time. I think they produce some of the best content, really insightful. They know. The crypto industry. They like, I mean, as well as anybody that can talk about it. [00:10:38] And I really liked that they've been here when nobody was paying attention when they lost everything. When everybody left, if that did happen again, I'm pretty sure they would continue doing the same thing. So that makes me a very I don't know, I'm very bullish on, you know, being part of anything that they will do. [00:10:57] And I think that is a great way to get in just to any project that they may end up doing, you know, who knows what they, what they have planned. They definitely seemed interested in maybe launching something. They've got the bank west Dow, and I know they, they talk about building even more. They built quite a following. [00:11:15] And I think this is, this is worth getting into, if you, you know, if you're, if you believe in the Ethereum system at all, you know, they're going to be here. So I like it. [00:11:26] Awesome. And then I have a quick one from our community, actually. And this is one from Johnny. And this is I'm going to mess up the name of this one, for sure. AVS anime, AVS anime. And that the artist is basically created these generated images, which are very sort of uplifting pro-social and passionately. [00:11:52] They're supporting the LGBTQ. I am community and with part of this and they're you know, they're looking to, they have not disclosed how much they're giving, but they're getting a part of it away. But really, you know, just cool looking images and full disclosure. I don't own any I will say they mint it out. [00:12:12] I believe it. [00:12:12] was 10,000 and there are about 3,400 owners of is in the affordable range of 0.01, three. And they do have a discourse. [00:12:22] Yeah, I really like the art on these they're cool pieces and it sounds like a cool project to be a part of, if you just want to support this. Cause I don't know a ton more about it, but I'm glad someone was able to bring this to us. Thank you, Johnny. [00:12:35] Yeah, they stated that half of the mint profits will be donated. And I don't know about continued sales, but worth worth checking out a unique art. I will say that this is not like sort of, you know, lift and shift from a, another one. Seemingly hand drawn and then sort of again, generated cool stuff. [00:12:52] Thank you. All right. Can we, can we start over? I mean, can We stop saying blue chip? [00:12:59] We may be doing that right now. We may be in the process of that. Although I have a feeling we're just knocking them off one by one. [00:13:06] Yes until there's none left. Okay. So I thought it'd be fun maybe to start with like, you know, in like Bluechip parlance, right? Like when you're talking about blue chip, it was first described as high price stocks in 1926. remember that date, right? When an employee at Dow Jones observed that certain stocks trading at $200 or more per share were like, kind of like a poker chip that of, you know, blue, white, and red, where blue was simply more and, you know, kind of funny that it was coined in a period of time where the 1920s were pretty volatile with regard to stocks, but you know, it really refers to a blue chip. [00:13:47] That has been operation for this a generally a number of years, but you're thinking like Coca-Cola Disney, right? These are companies that have been in the game for 30 plus years. And so you're, you're sort of really thinking about what a company that has survived and up and down market. Maybe multiple times a history of execution has delivered on promises time and time. [00:14:12] Again, you know, has value in the. No, maybe even throws off a dividend. Like there's just, it has very clear characteristics. They're seen as less volatile investments highly liquid, a lot of these words I'm using and not [00:14:27] They don't describe the NFCS [00:14:29] I've been describing. [00:14:30] I mean, I think it'd be hard to, it's hard to even describe that too many stocks. In today's age because things are so volatile compared to them. And, you know, I know that it was quite volatile then, but that the, the day to day volatility and the way that things shift quickly now is, is quite different. [00:14:48] In much faster trading, we didn't have people that could just trade at at their fingertips at any point. So I think the idea that anything could be Bluechip especially. Such a ridiculously volatile and illiquid market, like NFTs is pretty preposterous. Really. [00:15:08] Y it kind of irks me though, is the false sense of stability. I think it imbues on things that just happen to be very expensive. There's a huge difference between something that is very expensive and something that is very. And I think that's like, let that sit for a second. And I get very uncomfortable when, you know, people start, you know, especially with people who maybe can't afford her, it's on the edge of what they can afford. [00:15:37] Start pining. After something that they had imagined would hold their value. You can even look at something like crypto punks, which is, you know, the, the OJI of OGs of, you know, what we look at for NFTs. Do you remember. The company got bought straight up. So that is just a different company now, Right. UGA labs now controls that asset. [00:16:01] And if they want to destroy, demolish change, whatever that brand, they can sure you own the asset. But I'm looking at these as like small companies that are running to drive the attention and value and utility. Of these assets and I, I, I don't think there's a single project. I could point to that even fits the following very base criteria, having survived a year or more, and also have lived through a bear market and crypto with the same team. There you go. If you, if you can check those boxes for me, go ahead and call it a blue chip. I'll give you a second. [00:16:42] Right. Yeah. We've definitely had an issue of people, conflating price with blue chip and we see over and over that high prices leave a long way to fall. And we're seeing, I mean, we are seeing them kind of be taken down and right now, you know, I guess people are still considering board apes and maybe punks. [00:17:01] Although, you know, you've got to think that punks over. We'll never be able to to challenge board apes as a brand in any way. I mean, they're owned by the same company that clearly wants board apes to be the king there. And, you know, they should, it would be wrong for them to let another brand challenge that, but, you know, what are the, what are the more tried and true brands? [00:17:24] There aren't any you know, larger labs probably had the longest Longest record, but I think they've done a lot to sort of tarnish their reputation and they've let go of the brand anyway. You know, I don't know that I, I'm not sure that, I mean, I certainly would not put board aids in a blue chip or even the team and the blue chip category at this point. [00:17:44] We've got to see, they've got a lot to prove. And at this point, the other side minting is you know, not looking great interns. How the energy market has fared since then. [00:17:56] Yeah. And just a week ago, had we been marching through the blue chips? We would have been a mentioning Zuki. [00:18:04] Exactly. Yeah. Zuki. I think the others that have been up there, I don't know, maybe a Clonex the, what have we had? And we've had a cool cats were up there at one point. I mean, right. Artifact. I mean, maybe because of the, you know, there's all these, all these. Priced are these, you know, these big collections that are priced high that are considered blue-chip. [00:18:26] And, you know, I think if people, especially when the price is, I want them to be blue-chip because you don't want to think that your 20 EPS could all of a sudden be worth for Eve and you know, the truth is that it can happen and we've seen, and we've seen what happens in when people run to get liquidity exchange, certain tokens for what they think it's worth. [00:18:48] And that there's not quite as much liquidity there as it was. As they believe, and it changes the value pretty quickly. And that can happen with your NFTs as well. [00:18:58] And, and in short order, because the market for the other side can, can vanish very, very quickly. All right. So again, I say it here, like if you've survived over a year and you've lived through a bear market, so it's like has to be over a year because bear markets come and go. With the same team, maybe you are a blue chip. [00:19:16] So right now there are no blue chips be very careful. And that's why we always like to make affordable small bets on what's. What's out there.  

Theme: 5 Things to do in a Bear Market Long view and relax Don't trust, triangulate (Milk road was pumping Tera just a month ago and I love them) Get ready to bid, not buy Watch the teams that stick with it. Winners that survive win big,  Pine cones are triggered by fire   Affordable project:  Lil Nouns, https://lilnouns.wtf/  Discord mention: https://www.floornfts.io/   from block_bouncehttps://opensea.io/collection/floor-gen3    NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Luna Foundation Guard seeks more than $1 billion to shore up UST stablecoin: sources Coinbase posts net loss of $430 million for Q1 2022 Fantasy Baseball Crypto Game: Sorare Brings NFT to MLB I bought an ETH address. So did thousands of people going for 3-4 digit numbers. https://cryptobriefing.com/ens-mania-continues-as-three-digit-domains-hit-15-eth-floor/  Transcript: [00:00:00] Today on all about affordable NFTs, I can confidently say there are many affordable NFTs out there, Marceau. And maybe before, because today we're talking about the five things you should do, could do, might do in a bear market in crypto and NFTs. How's it going, Andrew? [00:00:22] Oh, man, it's rough. I mean, this is, this is one of the ugliest spend a few days of that. I think a lot of people, or maybe even anyone has seen in crypto, it's been really ugly out there in NFTs and in the big, bigger crypto world in general we've seen prices of everything takes significant heads, but some people have been wiped out of large amounts of their entire savings in a very short amount of time. [00:00:48] So it's, you know, it's rough to see. Yeah, it's, it's tough to, to be, to see this right now. And how quickly does this come about? [00:00:56] Yeah, so jumping right into it. Obviously you are referring to the Luna foundation and the [00:01:03] Luna and Tara. Yeah, us Tara. It was a stable coin on the Luna, which they've just say alt layer one. And they had a, the, what was supposed to be a stable coin. It was an algorithmic scale, stable coin that was balanced with the Luna token. So it was the, the us Tara token was supposed to be a dollar at all times. [00:01:27] And then they would print more or burn or the more, the. Kara Toca we get, or the Luna token would get bought up. But that's started. That's not, I don't know. It was a question for a long time, how stable that really was, because if the, if it could just print more, at some point you just need people to want that token. [00:01:44] And someone seems like, I mean, there were a lot of people that were warning against this and someone decided to act on this. It seems like, and borrowed about a billion dollars and started selling into this to start triggering this loss. And once it started losing its peg, it's sort of. I started a whole I dunno, spiral here and everybody started doing the same thing and it's been you know, I quickly lost over 40% is value and then there were people fighting back, but it has been just heading down quickly and continues to lose you know, more and more each day. [00:02:17] And as they print more Luna, I think there is over 20 X. The amount of Luna was printed in a single within 24 hours. So the supply of that is just going. Insane. So, and there's not much value there. So they did actually stop the blockchain entirely. I believe they have started it again, although I don't know what the current status is. [00:02:39] It basically seems like there's 50 built up about $50 billion that has been wiped out from the crypto markets. [00:02:46] yeah, that's the TLDR, you know, if you're, if you're in there and I think this is a warning to anyone, if you don't understand the project and you have to rely on in code re trust, there is a reckoning and, you know metallic good run actually. Had that statement of like, I'm not sure if the tail risk has been properly assessed on this, but you know, innovation has to thrive and I think innovation is wonderful, but the problem is when you get it, something that is great on paper, but has never been tested at scale, which then has interdependencies on the entire market because in order to sort of make that margin call, so to say, Know, Luna starts selling off just amazing trenches, billions of dollars worth of Bitcoin. [00:03:35] What's more, that has second order effects, which relates to the NFT market. I also believe second order effects of anybody that was leveraging margining at any level. Anything that was terrible, which was a stable point. People thought it was safe and stable. Anybody leveraging. Just got margin called. [00:03:53] And so just sort of from a liquidity standpoint, a heck of a lot less in a very small pool in a very short amount of time. And you know, it's tough. [00:04:05] I mean, they, you know, unfortunately they were bringing in a lot of new people to the system, to, to crypto. They were, I mean, they've got a, they still have a deal with, I think, the Washington nationals, I believe with maybe the New York Mets, they've done a lot of the stadium advertising. We've seen this in other, from other blockchains. [00:04:21] We've certainly seen a lot of mainstream advertising and I, you know, I would look at a lot of those a little differently in light of this. And I'm not just saying in light of this, there's been a lot of talk about Tara for a long time and how they were just sort of printing this money and it wasn't really there. [00:04:35] So, you know, it's really unfortunate. You know, it's better did that. It you know, unfortunate, better that it happens now as opposed to when it got even bigger. But at the same time, I think this is really going to mark a, you know, Mark A. Day in crypto or a time in crypto before and after, because there's going to be a lot more regulation coming here. [00:04:55] There's been. There's been things like this before, but not nearly to the scale. And, you know, the, the founder of this was, I don't know, maybe, maybe very egotistical and, and really did not take any criticism to this well, and you know, his, I would say that that was even a part of bringing more people into this. [00:05:17] Put in the end, it's going to leave a lot of people that with a lot, I mean, they just, there's a lot of them lost everything. There's going to be a lot more regulation coming in and I think rightfully so. And, you know, hopefully that will help in the long run. But in the short term and maybe learn a medium term, you know, this is, this is a significant hit and is, you know, we're, we're saying bear market, and we've said this before, but you know, I think we can look at this as in a different way than just like NFTs are going to slow down. [00:05:44] You know, crypto in general is going to have to find a way to overcome some big, big challenges here. [00:05:50] I think, is it correct to say that 50 billion being lost and in this sort of way is the largest, it's not a hack. It's just, just a full failure. It's a collapse of, you know, a house of cards, right? If you have. You know, the, the last major institution to do this and did it successfully. It was when the us dollar unpinned from in 1972, the gold standard, right? [00:06:14] No longer is gold backed in U S and you're just backed with the fact that no, no, we're here. You gotta be pretty darn big to get away with, Hey, here's money. Go spend it. It's not backed by anything. Like there's just laws of human nature and trust. And I, you know, regulation is common for sure. I think you're right. [00:06:33] This is a. This is a moment before and after, and it's, it's going to set back adoption quite a bit. So that will hopefully help us with how we kind of change our perspective. But again, that what you can't afford to lose. I mean, it's in our intro and outro and, you know, say it as much as possible. And I hope that people listening, aren't sort of taking this as like haven't been hit too hard. [00:06:58] Yeah. Hopefully not too tied up in this. I mean, unfortunately there's a lot of funds there's. I mean, [00:07:02] you have any Tara? Did you, [00:07:04] no, I [00:07:04] you weren't touching and where are you? [00:07:05] ecosystem. And. [00:07:07] I stayed away from algorithm, stable coins. Cause it was like, but I have a choice of USB-C, which is back. I'm going to go choose the one that's backed. [00:07:15] Yeah. Yeah, I, you know, there's a, there's a few different, there's a few options with stable clients. I would definitely go with ones that are a little more tried and tested. You know, Lindy effect is real. Look at, what's been around, look at what I don't know. [00:07:30] isn't promising 20% returns for just holding the stable coin. [00:07:34] I mean, that's, that's not realistic over a long period of time anyway. You know, and we see these crazy APRs. And I think in anytime that you're seeing just outrageous APRs and don't understand why. Really take a second look. You know, there's that, that part's going to start to change. We know how much those are. [00:07:53] Those types of things with promises of APY and APRs are pro are allowed to be, to be advertised in, you know, in regulated financial markets. So I would expect that the we're going to start seeing big changes there because right now it's really meaningless when you can compare these, when you, when you're trying to look at an APR and there's one that's printed. [00:08:12] You know, a thousand X apply every day or something like that. And, you know, expecting that somebody understands that part of it because they've looked at, you know, page 13 of a white paper is, is a little, is, you know, it's not really fair at this point. So I do expect that that will change, you know, I guess moving on from this, we do want to say, you know, there is the market is, is. [00:08:32] And so what do we do now? Because there are things, I mean, everything's on sale, but you gotta start thinking that not everything's going to come out of this. So we want to start thinking about that a little bit and think about where, where things are going from here and what we need to be looking to do in this type of market. [00:08:50] Yeah. You know, I think we have other pieces of news here just to go through them, just to Sam, because you know, Coinbase posted in it loss of 430 million, we [00:09:00] Here we go. [00:09:00] doing [00:09:01] Couldn't do, [00:09:01] have their NFT launch. Like sure we get it. [00:09:04] there were news. There was also news that they spent 600 million on to develop that marketplace. [00:09:10] no, they did not do [00:09:11] Yes, I identity. I don't have the link here, but I have heard this 600 million. I think it was somebody figured this out yet. I'm sure it wasn't a line item in the in their quarterly report, but I think someone probably looked. [00:09:24] The reports before, you know, it, previous quarters have noticed where [00:09:28] users on it are going to generate enough to make [00:09:30] Matt, they could have just given an airdrop to everybody and, and, you know, I mean, and people would've actually come, you know, spend it in this, I dunno, coin, token, Whatever. Oh, man. So there's that. [00:09:45] Okay. Yeah. There's that? Stocks at all time lows, no idea. [00:09:49] As they lose 430 million and blow another 600 million. I [00:09:54] yeah, they're dropped I think 60% off of where they were, whatever big numbers [00:09:59] from IPO. I [00:10:01] from 87 from IPO. [00:10:03] Yes, [00:10:04] Hmm. Okay. [00:10:05] we need regulation to come save us from things like this. I mean, I don't know what this is going to end up like. [00:10:11] Yeah. Hey, here's a, here's a slightly more positive one. I threw in here. The soul rare offering fantasy baseball NFT game with MLB. We've seen others try. We've seen others fail, but so rare they're players. They are [00:10:27] was excited to see this. And I, I, when I first saw the headline, I confused it as thinking that we had already talked about it, but that was a PGA. So yeah, they they've it was so rare branching out from soccer. I am excited about this. They've definitely been able to get attention and provide and produce a real game. [00:10:43] And I, I still think that that is a big opportunity here and they've shown they can do it. One popular sport and hopefully they can do it with MLB and it'll be as clearly trying to get this right in some way. [00:10:55] And then another, another news I, you heard. I, I bought the mostly stable dot ether. Finally, I bought it during our episode actually, and I, and I switched. But apparently we were calling out that we saw, we have this like way of talking about the right industry just before it like, kind of takes off. [00:11:16] So remember we were talking about how, you know, maybe you should be picking up some ENS domains of things. Well, there was an absolute mania that has taken off with three and four digit ENS domains. What do, I mean, a three digit like number digits domains, because people suddenly realized. So like for example, you know, 7, 7, 7, Four or 5, 5, 5, 5, whatever. [00:11:37] It may be. Some any, and all of those numbers have all just become this entire niche collectible, because what people realize is you can make sub domains recently of that email addresses. So you can have your, you know, your moon bird dot 5, 5, 5, if that's your moon bird, that Eve and create all of these things. [00:11:57] And then there's like the below, you know, 1000 club below 10,000 club that is now forming these separate communities. Entire communities forming around the ENS domains and currently three digit domains. I think they hit around a 15 each floor. So I didn't guess that that's what would happen, but in S [00:12:16] Yeah, here. I am stuck with a bunch of names, and they should just buy an up [00:12:19] should've bought numbers where like we were, we were in the ballpark. [00:12:23] Just not the one the players were going to play in. [00:12:25] right. You know, was looking at domain names and domain names, numbers of rarely cut on. I can't think of many, many number domains that have worked out, but oh, well, Should've gone that way. [00:12:36] It's just, yeah. Where we were just to the left. We were like, there's something here. Anyway, we'll get it right next time. [00:12:43] Well, you've got an affordable project for us this week, and I think that you've talked about this a bit in the discord, actually. So if you were in there, you may have heard about it. [00:12:51] Yeah, the LA Phil Alofa in here. Okay. So what we have is little, little nouns, L I L nouns.wtf, because why not? If you're familiar with announced dial and now in project, they are a very impressive, reputable, you know, glasses wearing a Dow that's been around. They make one per day, technically. And the little nouns. [00:13:14] So they make one per day and you go out and bid on it. And those are, you know, going for many EAs. This is the little nouns which are going to be minted every 15 minutes in an auction style. They are smaller than the other nouns. They are generated on chain and they're, you know, say they're going to make, you know, one 15 minutes for. [00:13:35] So, and, you know, as you can imagine, that's for every hour though, I think there's some delay because of the way the bidding system works. There is an interesting game dynamic here also where the. Which McCall at the the treasury. So the little nouns treasury, and the announced that treasury are technically getting like every 10th and 11th one automatically in there. [00:13:55] And then the rest are just literally on the site for mint and availability. Why do I like this? You know, the art is iconic and you know, it's recognizable. And I think, you know, with this type of dynamic and community behind it, that, you know, builds over to. It stands a chance of surviving the absolute conflagration right now, this burning down of everything. [00:14:17] What do you see in this project? In. [00:14:19] Yeah, I like that. It's connected to nouns. I think that it's, I mean, I think they'll get the idea that maybe it'll just be too many, but when you start thinking about what 10,000 you know, what it takes to get 10,000 sales right away for a collection and actually getting to see these as they come out, I think it actually adds some excitement and interest over time. [00:14:36] And we've seen that with the the announced now I do like that it's tied to that. I haven't looked. I haven't looked at the bidding. I know you've been doing some bidding there. I haven't actually gone and done that yet. And I, I like your idea of trying to get In. [00:14:49] early both to get one of the early ones and, you know, hopefully maybe get in before everybody knows about this. [00:14:55] Cause I have heard some others starting to talk about this. I think maybe Bankless just mentioned this one [00:15:01] Oh, no, they just mentioned it. [00:15:02] I think they may have. Or I, I know it's about somewhere, so but I'm sure you got it beforehand. I'm sure you wrote it on here. I hope we'll get this out. I don't know. I guess we can't get up before them. [00:15:12] We're literally recording it as I just said [00:15:15] you know what, join the discord here. It is. Join the discord because I put every crazy idea in there. You put all this like extra alpha that we [00:15:23] his a lot. Yeah. He put a lot of crazy ideas in there, but you know, some of them are good. No, kidding. He's great ideas. [00:15:30] so here I've been, so I've been after it, since it launched. Cause I won one of the first 100 little nouns and you can't get them on the secondary because everyone who's getting them, understands them and are just, you know, posting it for extreme amounts. So here's the game so far that I understand. [00:15:44] And if you see me, don't bet against me. You jerk. Okay. You're given 15 minutes, don't be the first bidder you really want to wait. Cause you're playing with gas. If gas is high, just don't bother. So actually one of the painful things originally was that gas was going through the roof because of Tara and all of the nonsense going on there. [00:16:00] So the game I've been playing is that you wait until one minute is left and I'm actually doing this right now because someone, I really want this one, hold on. I'm [00:16:09] What are these going for right now, George? [00:16:11] Ranging have seen as low as 0.4 and as high as like 1.4. But right now they're hovering. So it's like affordable ish, but you can catch it. [00:16:22] You know, if, if it's at the right point, you're waiting for a minute left. And as soon as a big comes in, it resets to one minute left. So you kind of playing this game of like in an auction and they're like, oh, all right. The last bidder is here and we're three, two. Oh. And now there's one minute left. Then one minute, it starts again and you put it up there and you can kind of grow by increments of point, point, whatever, but keep in mind, every time you submit a bid or submit, you're running a little gas, so make it like, you know, last minute and at a bid that you can win. [00:16:54] So you don't, for instance, want to just be bidding on each one at a low level and just being outbid each time. Like, that's a great way to just burn a lot of gas points. [00:17:02] I think that's somewhat necessary to make sure that the bidding doesn't go on a needlessly long because people could always just, well, I Don't know. Maybe if they're just bidding, you'd always have to honor that, but that's, that's an interesting aspect there. A cool project. I'm definitely going to check this out now. [00:17:19] I'm on the site and it's, [00:17:20] Don't bet against me. I [00:17:22] it was not me. It wasn't me. [00:17:24] I know, cause I can see your domain. This, this C8 six, three has got to stop it. You already beat me earlier today. All right, I'll stop. Anyway, cool project. I also want to do a quick shout out to block bounce who brought us floor nfts.io. And I'll just do a quick summary. [00:17:43] This is just, you know, Shannon. I was interesting. They have an NFT tracking app. So this is a mobile app for tracking, as you can imagine, the floors of your NFTs and. Basically it's on floor gen three. I would recommend for that gen three, currently sitting at below its mint price of 0.2. So you can, it direct from the site at 0.2, but no, I was taking a look at that 0.18, seven. [00:18:05] So it might be worth talking around and taking a look. If you want to like play with the app, you could probably take flip a gen three, just to look at what that app has to offer and then show it back into the market. Just to see if it's something that could have. And so thanks block bounce. I full disclosure don't know any of these and I don't know, Andrew, you don't, I believe either, [00:18:27] Either. No. [00:18:28] but cooling up. [00:18:29] So thank you. Block bounce already. [00:18:33] All right. Let's get on to Our theme And I think, I think we do have to look at that. Look at this. We've done. Cause we have talked about bear markets before, and I got talked about this a little bit. I think this is a. Change. And we should talk about it a little bit. That way. This isn't just like a little dip here. [00:18:49] I think we, you know, with this a big opportunity, we're going to see a big shuffle here. So I think we need to kind of frame it in that sense and not that eights, just a bit of a dip. I think we're going to see a lot of projects, guy and the survivors here. It's going to be tough to find, but you know, there's a real opportunity to, to, to find some diamonds in the rough in a way here. [00:19:11] Yeah. And that's number one long view, long view and relax. Look, if you have derived some amount of joy and dopamine from collecting, being part of a community, you'll understand that this isn't going to go away. It's going to get smaller. It's going to get less expensive. It's going to be harder to pump, dump and create these overnight successes in the same way in the markets. [00:19:36] Smarter, right? This is an inoculation in some senses, and that can be painful at times, but the long view that I have and hold is that, you know, this is in many ways, trading attention and culture. And one thing I know about the humans, we really do. Enjoy a collection as an activity and community as an activity as well. [00:19:57] So I'd say take the long view on the projects you're looking to do and, and keep. And, but also if you need liquidity, freaking flip it, if it's pumping, you know, take your, take your wins where you want. So that's number one to try to have that long view, especially when you feel you are in a state of panic. [00:20:14] Number two. I don't know anything to add on that. [00:20:16] No, I think that's good. [00:20:18] Yeah. There again. [00:20:18] on a Number two. here yet. [00:20:19] Number two, this is a big one don't trust, triangulate. And what I mean is don't trust anyone don't trust us. When we say a thing don't trust, you know, a Bloomberg, a Forbes, a crypto.com, a newsletter, a discord someone who's collected don't trust anybody, triangle. Check a few sources, gut check it yourself. [00:20:43] And, you know, I will say immediately here, like milk road, which I am a fan of, I read was literally pumping Tara, but a month ago talking about how they had made that massive bed in it. We are so smart. This is an anchor in our portfolio. Look at the brilliance here, like, okay. I love them. I fortunately just don't trust algorithm, driven stable coins because you know, where's the money, but this is just a reminder that you are always going to be handed somebody. [00:21:15] Who's selling you an idea and I'd have T a project coin triangulate. It. [00:21:20] Yeah, I think a good way to another good way to think about things is think of the opposite. Think of the bear case. If you're very excited about getting into a project, if you're, you know, you are really against it, think about the bull case, you know, think of what somebody would say on the other side and think, you know, can you refute the problems there? [00:21:38] Look at, you know, go search in discord, go search in Twitter, you know, find what the, what people are saying that. Detracting from the project and see if there's anything there. You know, there's always going to be somebody saying something negative. Sometimes it's worth listening to sometimes it's not, but it's definitely worth doing the research and seeing what the potential problems are because there were, you know, as we've seen, there's been a lot of talk. [00:22:01] I mean, most of the things that we've talked about in NFTs and crypto, there's been talk about this beforehand. It's a matter of, you know, whether you believe it or not, and and are willing to. I don't know which side you end up on. So I think your go do the, go do the work. Don't just trust the headline. [00:22:19] Don't just trust the influencer. Don't trust us. Don't trust your friend, you know, go check, go check and do the work, you know, go ahead and take it, but there's, there's plenty of places to go do more research. [00:22:29] Number three, get ready to bid, not buy. And what this means is prices are influx and people are in panic, which means when others are fearful, be greedy to coat the buffet. Right. And so by. Moving your stash to web it'll help you actually make bids on things and you can low ball a bit if somebody just needs liquidity because everyone's getting pinched and it's in a project that you like, that can be an excellent way to really, you know, avoid gas, spread out your spread out your money to stretch it a bit farther and get into projects slowly and safely. [00:23:11] Rather than following following hype cycles and, and getting into the types of projects that maybe have been on your, your longterm shopping list. And just flip those reservation prices out there. [00:23:20] Yeah, I would add. You want to be careful, you know, what you're getting into right now, you know, really look for things that you believe that are going to be here in a year that are going to be here in a long time, make those bids on projects, thinking that you can move up in quality. You know, don't look at things that don't try to catch a falling knife yet. [00:23:39] You know, the idea of the prices are falling. Don't don't look. I just pull it a great turnaround. If somebody just discovers this project, it isn't the time for looking at those types of things, make bids on known projects, on things that have a promise that have, you know, that have strong founders that have people that are dedicated to being here that have proven that in some way. [00:24:00] And you know, look for those when you're making bids, not just every. In the way that that, that I don't know, maybe, maybe don't look for the price to rebound everywhere. There's a lot that will not be doing that. [00:24:12] Yeah, the not catching a falling. If you're not familiar with don't catch a falling knife, look it up and really understand that doctrine. We don't have enough time to, to move through it, but that's an important note about minding the momentum. Watch number four, watch the team. Watch the teams that are going to stick with it because when the projects are abandoned, the community goes to, it's just a function of time. [00:24:36] It's not when, but if, what are the teams doing? What is the morale and discord? What is the leader saying? Because you can have these very bombastic, very excitable leaders who are sprinter. Not marathon runners. I'm looking for marathon runners. I'm a runner myself. And that's fine if you beat me for the first mile two miles, 13 miles, because I'm planning for the whole race. [00:25:01] You want leaders that are thinking about the whole race and where it's going. I'm not talking about a roadmap talking about sort of the, the conviction and team, and then the mechanics behind it. You know, I look at projects like the song a day Dao, right? This is silly as that thing is like, I know that Jasmine man is going to be creating a song. [00:25:18] 'cause it's been happening for 13 years. I know that this project I brought you today. They're going to be creating these silly things algorithmically on the blockchain in a decade, because that's just how this works, unless the code breaks and those things happen. Right. And there's obviously like things that happened, but it's, you know, it's in that system, whether or not it's worth anything is another question. [00:25:41] Same thing with song today. Remember triangulate your sources. But Andrew, what are the things that you say are markers of teams that would, that you can tell Steve? [00:25:50] Well, I think there's a lot of ways that you can look for clues about how dedicated the team is, you know, start if it, especially if you have. You know, bigger holdings in a collection, I would really start looking at discord, look at, are they paying as much attention? Are they posting as much? Look at their socials? [00:26:07] Are they as into this? Because there's going to be a lot of people. I mean, there have been a lot of people that have lost a lot of capital here and there's going to be people that just can't. Can't keep doing it for whatever reason. You know, there's a lot of, a lot of issues here and I would really start looking for clues, especially where you've got bigger holdings in your collections because the people aren't, they aren't engaging as much. [00:26:31] If they start showing disinterest, I think. A leading indicator that they're, you know, that they're not quite as engaged in the work, even if they are maybe producing you know, some updates and you see some things. If it's not if you don't see the same enthusiasm, I would say that's a red flag. [00:26:48] I guess so far, it's making sure that, you know, is there a team that is still employed, like go on to LinkedIn, take a look. Are there folks that say like, yeah, I work here. I do these things. Are they shipping actual features that you can see, you know, a new product updates and something like that. We built it. [00:27:02] It's tough, but we're here to build this thing. This is where we're going. And, [00:27:06] I mean, I wouldn't even say maybe even look at, you know, if, depending on what the type of project is, you know, look at how their treasury is. Did they have they manage that well? Were they heavily in ease? Did they, or were they all in ease versus, you know, and they have a team that they need to pay. [00:27:21] I mean, that can get hard if, if they do have a team and, you know, suddenly they have half, as much as they thought they did, And, that really changes their runway. So, you know, I think really start looking at these things. you know, [00:27:33] a lot of things have gone wrong and it's going to be tough for these teams to keep doing it with, with all of these things changed. [00:27:42] Number five winners that survive when big, I want to put this thought in your mind when a pine cone is on the. It's actually a seed. It's got seeds in it. It's got no chance of creating a pine tree though, unless there's a fire, the act of a fire actually activates and triggers this seed to say, Hey, it's time to go. [00:28:02] And that's because these pine trees have been around for quite some time. And when there's a fire, all of the other brushes burned up. All of the competitors are burned up. They go away and suddenly these seeds are like, ah, I've got some room here I can spread and grow. And so with that mindset, I think there's. [00:28:19] Exciting. Cause I have to find something positive here. Exciting opportunity to say, you know, there, there are opportunities now to see who's going to potentially survive. We saw that in two thousands where Atlanta little stocks like Amazon dropped 90% and then like rose like a freaking Phoenix. There are ones in here right now that are going to make it, but many will. [00:28:41] Yeah, it's going to be hard to find them, but they are going to go out there, you know, look at the ones that are working. This it's going to be hard to find these it's. I think you're right though, to just say that they are out there and this is the real test. [00:28:57] I'll end this with actually a post that was in our discord from miss 47 dot E this crash, you know, scares everyone. And it feels more like to me that I have a window, a window of people who were around for the board, a mint had like, I am, am I wrong to think that now is actually the time to buy up more than I have that I have both coins and NFTs. [00:29:22] And that's the exciting thing, right? Like this. Macro FOMO of like, oh my gosh, I joined when everyone was talking about it, like, here's your chance to test if you were a tourist or a native or you're someone who is going to be sticking around on this. And it's the time to test conviction. And then in the next gen, when this comes back around, it'll be a year or so. [00:29:42] Summer who knows it'll come back around a week, but I, I would say is don't make large bets dollar cost over time and don't trust anyone. [00:29:53] Yeah, And I think this really does provide opportunity and I think it's good to even think there's people that have been fairly priced out for a long time. And this it's a great perspective to think, you know, can, now we can get into the coins to be able to kind of play these games. So it's I, you know, it wasn't that long ago that the, the, you know, You know, picker's perspective that Eve was at sub 2000 prices. [00:30:17] If you, I, as you're thinking about, I mean, what was it maybe 16 months ago or so, I don't know. I am not looking at a chart, but if you start the, about how quickly that get at, you know, got to very expensive levels, priced a lot of people out and, you know, hopefully there is an opportunity for people to come in and there, we know there's a ton of building going on. [00:30:37] And, you know, I am still optimistic of what is to come. I know it is a tough time and I think that we've got to look at where the where the opportunities lie out there. [00:30:48] Yeah, absolutely. I mean, it's one of those reasons where, you know, you have to look at the underlying coin behind the platform you're on. And if you're, you know, holding we've been wary of Solano actually, because we were like, well, that corn's pretty expensive. Now, if you have a NFT denominated, You have just risk on top of risk. [00:31:05] I mean, yeah. Ease is down quite a bit. And I will say that. And it's a good thing to remind you that like in a two year rear view. Yeah. Remember Eve Eve hit, like, I think it was like a hundred bucks at one point for, you know, peak pandemic. So, you know, that's also quite volatile. right. This is a longer one than usual, but I feel like we had a lot to say. [00:31:26] Any, any final points for us? [00:31:28] That's it. [00:31:29] All right. Good luck out there. I'm going to go, try to get in now, if you see, stop bidding, don't bid against me. Seriously. Just wait til I get one.  

Theme: If we build it, will they come?  Top collections surge, while most collections move sideways/down Active NFT wallets have fallen, despite new platforms, tools, apps Long-awaited Coinbase NFT Marketplace has not brought new users Building and investment continues in NFT platforms, tools, etc Affordable project: Bankless DAO (35k BANK needed for membership - Bankless DAO price, BANK chart, and market cap | CoinGecko ) NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: OpenSea Acquires Gem to Invest in 'Pro' Experience  Genie NFT Marketplace Aggregator Teases A $GENIE Token or Coin  Coinbase's NFT Marketplace Gains Less Than 150 Users in First Day Open to Public NFT Marketplace Zora Raises $50M In Seed Funding   Meet the Dune wizards: The college students, VCs and crypto rebels wrangling on-chain data to help people make sense of the Web 3.0 world. Here's how they got started — and what it takes to secure paid contracts  Nike's NFT Sneakers for the Metaverse Are Selling for $8K - CNET      Transcript [00:00:00] The day on all about affordable NFTs. If we build it, they will come question mark. And I think you kind of know when you're asking, unless it is a field of dreams that is dropping an NFT in your wallet with ghosts baseball players, you might have to work a little harder to avoid that, that, that dreaded sideways motion of your NFT not taking off, but that's our theme. [00:00:23] What's the news. [00:00:24] Oh, great. Yeah. Talk NFTs again, George. Good to talk here. I am pulling up my notes. As you made able to tell the, where did I see of tabs? I got them here. [00:00:40] I have open C acquires gem to invest in pro experience. So. [00:00:46] Yeah, I thought that this was a good move by open C Jim dot X, Y, Z. We've talked about this one a little bit. It's similar to genie. You can buy multiple NFTs at once. And we'll also accurate from multiple sources. Although I think it's primarily just taking everything from. Right now, maybe some looks where it may also not be taking any from other platforms soon, but I think this is good to a good feature, to be able to. [00:01:14] Offer offer people looking for a bigger traders that aren't less looking to just buy maybe one or two pieces at a time. They're really trying to move significant amount of money around and want to maybe buy 30 of you know, 30 of a collection at one time or more. So I think it's E it gives them it gives them a lot more tools here. [00:01:36] I think the other nice thing for them is sort of stops this aggregator from. Potentially becoming a competitor at some point. We've seen how aggravators can grow quite large and open. See, just just acquire one of the, the biggest one right now. Although we'll see how the market reacts. Genie, as we've got here is going to be releasing a token of their own. [00:02:00] They vowed to stay independent. He has said that he, the founder said that. Ben a pre was approached by open sea as well, and refuted their offer so wants to stay independent and actually be able to work with multiple marketplaces. So we'll see. If that, you know, which model work, it turns out to be more successful here. [00:02:20] I think it's a good move by open. See, I am a little surprised that Jim had decided to sell there. I think it is, it's good that we've got one that will stay independent and be able to actually work as a real accurate. [00:02:32] Yeah, this pro experience and certainly for Wales looking to like, look at a market and buy up like a certain type of rarity of a project and be able to do multiple things. It makes a lot of sense, but I gotta be honest in, in the future where NFTs are lift listed on separate platforms. Be it, you know, referable looks rare, coin Bates, NFT. [00:02:56] Like you're going to need to see a holistic view and bid across platforms to find where the opportunities are. So I, you know, I get it as a, as a feature, but the real feature is being able to look across platforms. And if you're not allowing that, then I'm kind of confused. [00:03:09] Yeah, I think, yeah, I think that the cross-platform functionality will do big benefit to Jeannie in the long run on here. And actually. You mentioned Coinbase marketplace that has opened to the public has not seen a lot of action quite yet. I got the email that it is open. It was I dunno, I guess I was kind of expecting a little bit more of an event with that, or a little bit more of an announcement, something going on. [00:03:35] It not surprisingly has not seen a lot of a lot of transactions because there wasn't, I don't know. There wasn't much to get people there. [00:03:43] The headline here is on its first day. The market floor has opened up and saw less than 150. I'm not missing a thousand. I'm not listening a million. No, no, no. A hundred and one five, zero, no other. [00:03:57] million people on their list. [00:03:59] 150 new users sign up for its platform. According to analytics. [00:04:05] You know, I've been, I've been unimpressed with some of the, the usage of the looks rare platform. It, because it's so incentivized. And that it's mostly washed rating. However, They've at least tried to incentivize people to get there. I'm not sure what, what the impetus is for anybody to go use the claim basin Ft marketplaces right now, besides it being on Coinbase. [00:04:30] I dunno. It's not proven. It's not great. I thought this was actually going to be in beta for a lot longer. Was surprised to see that they announced it that quickly. And without any apparent fair, fair fanfare. [00:04:42] I my heart hurts so much because I like, I mean, you've heard us talk about this. I have looked forward to this kind of like moment where a bunch of people will be like onboarded and brought on. And it's just such a reminder that like, you just can't bet on the. bet on the roadmap. You can't bet on this like high expectation of a thing, but this is gotta be below all manner of expectation. [00:05:03] You know, I've, you know, I've had blog posts do better in a single day than this. This is not a, this is not an acceptable thing. You know, and obviously this stock took a massive tumble as a result of, of, you know, I guess a number of things, the general market, but also on this, and it's down like 30% over the past month. [00:05:22] But coming back to what I think they could have, I thought was going to happen here is that you already had users using the app and they were clicking in a single experience. They've just created a new destination or you have to go through and upload had they tied it into. The actual app and that experience and bringing those things together, like, oh, there you go. [00:05:41] But instead they, you know, similar to like Facebook trying to compete with, you know, Instagram, they, you know, didn't end up being able to achieve that. And then he just bought it. They bought the whole software and brought those users in there. But if you're trying to create a whole new marketplace from scratch, simply because you have a branded name, like it's going to take more to your point than that. So Ouch in [00:06:06] So I don't think there's going to be the catalyst that brings the next wave in which maybe we'll have to discuss a little bit more here. [00:06:13] I think, I think we have spilled enough ink and words over the expectation associated with the Coinbase entity marketplace. And just going back to the episode, we just had valuing the product versus the promise. And I think we overvalued the promise a little bit, just a little. [00:06:30] yeah, yeah. All right next. We've got that. Let's see. Another marketplace raised 50 million in seed funding. I think this just kind of goes along with what we keep saying. There's going to be more marketplaces. They keep raising more money. It's not necessarily a single marketplace world. So there's that one this next bit is a bit of a self promotion. [00:06:52] There's, there's a dune or a, I'm sorry, a, a, an article in business insider, et cetera. Dot com on dune analytics wizards. I was included in that, that article. So I've included that link. I think you should definitely go read it or at least you know, try to, if you weren't a wold from it, but there's a lot, [00:07:12] quote. What did you, what did you quote in here? [00:07:14] Yeah. Oh, it is paywall bone. Sorry. I thought there was a way to, to preview it initially anyway. Yeah. What. So, yeah, they, they were asking me about about how I got into blockchain analytics. What were, you know, what is could be discovered there, you know, and that, you know, I'd let them know a little bit how I got into it initially, which was prime will actually do looking into social tokens initially. [00:07:36] Was doing some, some dashboards for some bounty work and then got really into dune and let them know, you know, how I how much I like looking into it, because it tells you so much more than what you see on these surface level numbers. You know, we know that there is a lot of there are a lot of numbers that aren't quite what they seem in in NFTs. [00:07:54] So I, I, I really like looking into the. Trying to look at who the wallets are and look at the, the, where those, where funds are moving around a bit, trying to looking at those things, but also look at look at where big collectors are, are maybe moving into next, see what's going on there. So A lot of different ways you can use this stuff, but it's I was, I was happy part of that. [00:08:19] And I am bullies looking more into those, those blockchain analytics. So fun to be part of that. [00:08:27] Yeah. it's pretty cool. To be in a, an article in business insider with the title of meet the read the wizards of of dune and certainly your work there, it's like, you just constantly hear it. Like, Hey. The dashboard for this. And it's, you know, part of that, that open stuff. And we'll have the link in the show notes. [00:08:45] And of course your NFT marketplace, data links super helpful for understanding what's going on. Cool. Very cool. I'd be a little worried though, every now and then someone wants to talk to me about like the NFTs and my wallet. I'm like, ah, did you docs yourself in that? [00:08:59] Yeah. [00:09:01] Oh, he's out there. [00:09:03] Yup. Yup, yup. Yeah. Yeah. There's, you know, it's out there. If you look hard, you know, and I'd say even this this, I, you can put it all together. Right? [00:09:12] Yeah. Yeah. That's awesome. Congrats. Super cool. Well, maybe I'll have to get some new kicks, some new Medicare. [00:09:23] Oh, God. Nice segue into the Nike NFT crypto kits. Yeah, for, for A mere $130,000. You too can have digital sneakers. [00:09:35] A wait that's, that's the premium stuff, you know, but the floor, I think, is down much lower than that, but they, they do look cool. So they, there is a, these came out of the artifact company. This has been part of, let's see, it was part of the artifact. I can't remember the name of the original NMT, but then they had Sorry. [00:09:55] They had a box that came out of the monolith box that was given to the holders. So then the monolith box was opened and it had these, these crypto kicks along with a vial, the vial, axes, and skin for the for the sneakers. So there's different rarities of those vials to, you know, different look they've hinted that there'll be able to change. [00:10:15] There'll be more changes to these with, with, with what's coming in the future, on the roadmap, you know but you'll be able to actually make these sort of one-on-one sneakers and be able to print these artifact has done something like that in the past. They did that for punk holders. About a year ago, gave them an option to do a, the one-on-one speaker. [00:10:34] Each one was actually unique to the punk itself. So I think that's probably where this is going in at some stage in the future. I think there's going to be potential for merging different ones for trying different ways to customize and make it unique. Artifact has definitely one of the leading companies here and I think it's cool to see them actually put that Nike the Nike logo and see that in the in the digital version here. [00:11:01] Yeah, and it looks like there's like 10,000 items, but they said there's 20,000 total and the floor price is hovering around 1.5 as of right now. So kind of cooling off [00:11:13] a vial. Of course. So, [00:11:15] oh yeah. Okay. [00:11:16] you gotta get a vile to have any, you know, to make them look like anything. So yeah, they have cooled down a bit, but Nike. There are certainly a lot of Nike collectors out there. So we'll see if maybe some of those sneaker heads move over into NFTs. I've know that plenty of them have already. [00:11:32] I'm not, [00:11:33] Yeah, it takes up less closet space. So, yes. [00:11:35] That's right. You can have a [00:11:37] I dunno. Might be one to watch. Like if, if, if it gets quiet, like I think there's something to be said for the. The first Nike shoe drop and the sneaker head and memorabilia. I, I wouldn't go, I wouldn't attack it at this price. [00:11:49] No, not in this environment at that price either, but I think there is maybe an entry point that that makes sense there. Because I think artifact is a, is going to be pretty, I don't know, a big company. Fashion NFT space and fashion being that the way that Nike is fashion. And so I think, you know, being able to add Nike's anymore, just that swoosh is a huge, a huge benefit, but also the, the the collector base that comes along with Nike. [00:12:17] I think that that could be very beneficial over time. [00:12:20] I just put it on my watch list. So if it gets, gets us somewhere interesting, better believable, bring it to the project. All right. If we build it, they will come top collections, surging, but let's just be honest. Most collections. When you say most like 99% of projects, sideways or down. [00:12:38] Yeah. And I, I said sideways, you know, it's tough to say, you know, day to day exactly what it is, but you know, if they're not moving up anyway and they're, they're, they're, they're moving not much. And that's what we're seeing. I think in, you know, more recently we've seen some downward price movement and maybe that's even across the board for the law for a long time, we saw that the games were primarily in those board apes mute Napes You know, I'd say in a Zuki, we've seen him run in the doodles recently, but really everything else needs sort of mid-market the affordable NFTs or even not so affordable NFTs those next year. [00:13:18] If it had, there's not a lot, not a lot happening there. And, you know, despite this sort of these record volume days, it's not spilling over to, to lower volume projects or lower priced projects. [00:13:31] I feel that's because some of these large mega drops launch projects of moon birds, and the other side, you go lab stuff and they just sucking all the oxygen out. Like, look, there's a handful of users, right. We pegged it at there's like under a million there's 350,000 active wallets, depending on what you're looking. [00:13:52] It's only so much, frankly, ease that people have running around with. And if you're dropping it all into these projects. [00:14:00] and sucking it out, is it like at a certain point you've milked the cow too much, like what's going on. [00:14:05] I think it's some of that. I think it's also that you see some of these, that the best projects, the best collections launching. More collections, printing more, you know, making more NFTs available. And while they, while they initially released with a, you know, a 10 K hard cap or, or maybe even smaller, you know, they've realized that, well, we could just make a second collection and that second collection may have twice as many. [00:14:32] And we're seeing that oftentimes that second collection has a lot more a lot more pieces. So it's getting a lot more people and ability to get in at a lower price that becomes. You know, an alternative to maybe the, instead of getting the second or third or fifth best project of, of that category. [00:14:50] You know, maybe if it's you know, some sort of a race car play to earn thing. I, you know, when you want, you can instead just look at the best one. I'm not a, it's not a real world example, but instead of looking at, you know, looking at the, you know, 17th best PFP project that is basically following the roadmap of. [00:15:08] Of, of merge of eventually we'll have a metaverse we'll do another PFP drop. They're just doing the same thing that the biggest ones are doing. I think you're going to see people just move. Try to move up a little bit by being in, by, by being in a related collection to the best projects. Instead of being with the competing project that probably isn't going to be able to overtake those leading collections. [00:15:33] So, And your active NFE wallets have fallen despite new platforms. And so [00:15:41] yeah, I shouldn't say as a new active wallets is more, I knew. Yeah. Not onboarding as the pace of onboarding has slowed. [00:15:51] Yeah. And we just talk about that with the long awaited Coinbase, NFT, we talked about it so many times there's 4 million people on a wait list. Like that had to mean something, but actually. Maybe you come back around and say like, let's just people clicking buttons on, you know, on the Coinbase app. And you're like, yeah, sure. [00:16:05] I'll join a wait list, click click, fine. But it's not really customer acquisition in the way that we thought it would be because those customers, if they want it NFS probably already want to gone and did it, but it wasn't the that smooth transition that, that we were hoping for. It just, Hey, you know, it just, it really took some wind out of the sales and this is going to be. [00:16:25] This is going to be a very careful time for ed say, throwing money around on an is like, continue to do it, but I'm being very, very judicious on it. There's no sort of like, there's no longer this, and then that's going to happen moment. I think this is just grind, slow and steady over time. [00:16:42] Yeah. And I think this is where we're actually going to see a lot of projects die. A lot of these, these projects are not going to make it. People are going to become less interested. Maybe it's part of that, that, you know, oh, the realization of, oh, this is actually what we're building and people realizing, well, you know, that's what it is. [00:17:01] I'm not, that's not what, I'm what I actually came for. You know, there's going to be some of that. That could be some of the sort of consolidation that we see here getting rid of a lot of the extra. And hopefully we will see some, some big winners that, that do come out. But yeah, I think you're right in being wary of of buying new NFTs right now. [00:17:20] Yeah, that's it. I'm I'm now I have a, an investment thesis that like kind of, you know, continue to evolve and share here, but there are still like, you know, opportunities. That then get presented under priced assets, especially when enough people get bearish and enough people are looking the wrong way, right When everyone's looking at the shiny object over here, that means there's a whole world over on the other side. And then you can evaluate the, you know, going back to our previous episode, the value of the actual product, as it sits as a piece of art or as a game token piece in a stable game, or however you look at that versus promises, cause like most of the promises dry up, you can then maybe assess that and say like, Hey, what will the next phase. [00:18:00] It's not going away. It's going to go through cycles. Those cycles are going to be faster. But the other issue I see is a little bit that I, you know, I used to play poker online and in the early days it was pretty easy to win money because the players weren't good when you're playing against uninformed markets and people you can do disproportionately well, But when you start to play against people that know their stuff, you, the edge gets taken away. [00:18:29] I'm feeling like maybe that might be happening in a, in a tighter market where you don't have that many new people coming in with new ease. Not that like we're competing against each other, but if you're playing the like value and slip game, like as the market gets tighter and smarter, like projects that are full of. [00:18:44] That, you know, if they build it, they assume they will come because there's just general users being ready to throw around things and not do due diligence and not care about the team and not sort of check what's going on. Like you just have to be more and more buttoned up. So if you build it, they won't come. [00:18:57] You're playing in a game with much more sophisticated players. As of right now. [00:19:02] there's not 4 million suddenly new wallets that came from Coinbase. So that means, you know you got to step up your game when you're playing with better. [00:19:09] Yeah. Yeah. I think the market has definitely changed. People are more knowledgeable, there's more tools available. And when the the rate of new people coming in slowly. It's a, it's a bigger problem. [00:19:23] Yeah. So if you build it, they will not come where we're here. So we're, we're trading around our. images with each other. I do think there's value. I am ever optimistic, but I'm just going to figure out what the, what the next play is. All right. Andrew. Thanks for bringing this to us. [00:19:37] All right.

    Theme: Valuing products vs promises NFT projects often have roadmaps full of promises, and often prices rise in anticipation of what's to come Once products are released, such as Cooltopia from CoolCats Beanz from Azuki, prices often drop as holders realize there's not a huge catalyst to come Many public companies have used ‘metaverse' and ‘crypto' in the same way Affordable project: The HUG Pass - Collection | OpenSea   NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: PGA Tour to partner Sorare, Autograph for golf NFTs - Ledger Insights - enterprise blockchain  The Latest Ethereum NFT Craze? Four-Digit Numbers - Crypto Briefing  CoolCats scouting for new CEO  Binance to Help Finance Elon Musk's $44 Billion Twitter Acquisition Bid  https://www.benddao.xyz/ airdrop, Hop Exchange airdrop   Transcript [00:00:00] The day and all about affordable NFTs. We're talking about the idea of valuing the products versus the promises usually promises in the form of roadmaps. Great things will come when, when moon, when game. All right, Andrew, what do we have in the news? [00:00:21] Oh, sorry. I'm still looking through roadmaps here. I am so excited about these, all of these things to come, and this is going to buy everything up. [00:00:30] Well, many road maps. [00:00:31] Oh, right. Yeah. Let's see in the news. What have we got here? Let's see. Oh, that's right. We've got the PGA tour. They're getting into business with so rare in autograph, the Tom Brady platform on social rare, the very popular company behind some soccer cards. So. I think that we had heard a little bit about this before, about PGA tour exploring this sounds like they are making that leap. [00:00:58] So I think we have also talked about in the past, I think sports are up to any great gateway for people to get into this and great exposure. So I think that is what we're seeing here. So good to see. Not real big not a whole lot to discuss there. [00:01:13] I just interesting to see how the different sports gravitate toward a different different platforms. And. You know, autograph trying to carve out that, that sports battle, you know, I see some others in there, you know, where we've mentioned the, the Gary V the, the sports pass. There are, you know, constantly like new layers talking about like, you know, which platform you're gonna go with. [00:01:35] And there's definitely, like, as we talked about in the last one, like layer ones, vying for the, Hey, come over here or platforms, Hey, come over here. And there's still a lot more sports to be had. I know. [00:01:45] Yeah. All right. Oh, this is one. This is interesting. This came about quickly. I think you posted this one shared this one with us. You want to. [00:01:54] So the latest theory craze. So coming those ENS numbers, email addresses, I'm embarrassed. I still don't have one. Looked at it, but we talked about like, would it make sense to go buy some ether dresses, but recently this craze of four digit number Ethereum. So, you know, 8, 6, 7, 9, or a 5, 5, 5, 5 dot eith. [00:02:18] You realize that when you buy a domain, ENS is also going to. [00:02:21] be opening up sub domains, which means if you have, you know, board 8, 8, 6, 7, 5, you could get, you know, eight. That digit number, as well as moon bird dot or whatever, the blue chip I say in quotes and Ft that you have as a domain, right? Cause you can then set those up. [00:02:42] And so it became this whole branding brand brush where people buying up all of those digits, which drove up a hilarious amount of sales, the floor price for four digit again. Hovering around 0.5 Eve, but let's certainly lower before a bunch of people realize that subdomains exist. [00:02:57] Yeah. I think it is, you know, I can see the convenience of if you have one of the, the only 10,004 digit numbers, you know, it is easier to remember, but you know, there are, there often are other names that you can use that are. give me not as easy to remember as four digits, but maybe more meaningful a, you know, like a word. [00:03:16] And I know there's a lot of talk about computers can always recognize the numbers, no matter what language you're in. I'm not sure, you know, based on my experience with writing code, there's not a lot of worry that. Letter a lot, a lot of concern on my part that the letters are going to stop being recognized anytime soon, or that most code is going to shift away from the English language. [00:03:42] That's the way it is done. And I see it kind of trending more and more towards that overtime. So not too worried about letters going away and it plays up numbers overall. So it is interesting. I think it's kind of a trend. There's a nut, there's so many options out there, you know, as you can see with dot coms, we don't see that. [00:04:00] 1 7 3, 2 it.com or it, maybe that is a great one, but I don't think that most number four digit numbers are, are really highly valued.com domains. [00:04:12] I go get, I don't want to even say it cause someone will scoop it and try to sell it to me. I'm not not saying anything about any domains I'm thinking about, but I'm going to buy some units. I'm going to get around to it. Cause it seems like who knows, you know, what, what begins to go next? And yeah, I [00:04:27] Yeah, that is one that we've mentioned in the past. It's when to do, when gas is low, the price for these is I think it's 0.05 or something. It's the price is very low per year. A point a one, I think it is for anything over four digits. The, and you can do a few years at once. The, the gas is often the most expensive part. [00:04:47] So watch that gas, if you are going for any ENS domains, [00:04:51] Yeah, for sure. I gotta say like hats off to the ENS app because I'm on there right? now. And it shows you ease plus gas. Like it's so transparent and by the way, [00:05:03] Not just in your wallet, on, in their app, they actually tell you this. It's it's great. It's great. It means they're actually even telling you what gas to use and it's an accurate amount of, that's often an issue that the gas is you've been estimated correctly by the contract. This is showing it to you ahead of time making it very transparent, how much you're paying and not telling you at the last minute, when you're one click away from, from accidentally hitting. [00:05:30] Yes. Oops. By the way, gas is going to cost you to eat right now. [00:05:33] Yeah, sorry. Yeah. I mean, hilariously a gas right now. [00:05:38] as I'm speaking $6. So like, you know, reasonable. [00:05:44] Yeah. Yeah. Yeah. I'm going to go, try to guess what, what George is about to buy. [00:05:49] I just bought it. I bought mostly stable that. And because gas was so ridiculously low, I was like, I got to go. So I'm going to be mostly stable [00:05:58] He knew I was gonna [00:05:59] I, yeah, I can't trust you because you would do it for the joke and I'd have to respect the heck out of you for doing it. And then I have to pretend like I didn't want it yet. [00:06:06] Secretly be frustrated. So I know, I know the game I'm playing with you. [00:06:09] Oh yeah. You play like, no, no, no. You want to just let that expire. [00:06:13] Well, anyway, what do we get here next on our news list? We've got, oh, cool cats. Yeah. I think this is kind of funny. For full disclosure, I do have a cool cat. I've had it for a long time. But they are now scouting for a new CEO. They're using like eight. It seems like they're using a very, I don't know what, like exact search kind of firm. [00:06:36] It seems very not the way an NFT. Companies should be finding their CEO. I don't know exactly what the right way is. Maybe this will end up working. It just seems so traditional to go that way. And if you can't, there's, [00:06:52] there's a relatively small number of people that could understand NFTs enough to to, to bring this product, to turn this project around. I'm not sure it's about. Not already in the web three space, but maybe that's what they will end up fighting. We'll see where it goes. Yeah, I'm still holding that cat. [00:07:08] You know the prices have come down a bit, the funk bounced around last night. Well, I think there were about five and a half floor, so, so they that's one that they have the prices really come down after they released their project or the product. I'm sorry. So we'll get, we'll get into that a little bit more. [00:07:23] There's a reason I, I left that in or put that in the news here. [00:07:27] Yeah, it's interesting. You realize that, you know, these, you know, NFT projects are actually, in some cases when they have this type of, you know, bankroll behind them, kind of like tech companies, right. As much as we want to pretend that this is like web three, all new, like, and some level, this is a tech company. [00:07:43] And if the company isn't performing based on the stock price or the, I guess, floor price, then maybe, you know, you, you have to think about how a CEO can come in and drive value for, for stakeholders, shareholders. Hold their holders. [00:07:57] Yeah, absolutely. I mean, it's, you know, if they are tech startups in many ways, you know, and it's a different, just a different realm of, you know, how they're trying to make it successful. It's not, it's, it's, it's shifted not completely different. I would say. [00:08:10] This next article is hilarious. I think if I had read this title a year ago, I'd be like, what is going on in the world and Binance to help finance Elon Musk's 44 billion Twitter acquisition. You know, I don't know what to make of it. I I'll be honest. There are a number of things that concern me about Binance as a network. [00:08:30] And I don't know if I would choose it as a backer or a part of trying to turn Twitter into what I think it could be, should be for, you know, connecting the humans. But I don't know. What do you, what are you seeing? This one? [00:08:46] Yeah, it's an interesting group. It looks like this was, I don't know how exactly is now, but it looks like it's Sequoia, capital fidelity, Binance. Some others involved. Let's see bill Andreessen Horowitz has got 400 million Binance with 500 million. Clay was 800 million. So they had to bring a lot of money together here to get this, to get this deal done. [00:09:11] And there was a lot of talk about how that was going to happen and finance you know, finance has come in to other projects or to other other deals with a lot of money sort of out of nowhere. It's not always, I would say it's not often everybody's first choice but they do have deep pockets and it's probably better than some of the alternatives, especially as people are more aware of, of where that money of where some people's money's coming from, there are definitely various Let's see, I dunno, investment firms that, you know, I don't think would be suitable for this in any way. [00:09:46] I'm not sure if finances am I correct in saying that they already own Forbes or they own a significant chunk of. [00:09:53] I think that's right. Yeah. I don't know what, what percent of it but you know, getting back to like why we care about Twitter on a NFT podcast at a high level is the obvious integrations that they're already doing for verifying. Profile pics. It is the use case of profile pics in the web to web three layer bridge. [00:10:13] And so, you know, paying attention to how I guess NFT friendly investors might be is is of note and, you know, things like doge coin pumped as a result for a small period of time and questions of how Twitter is going to make that migration towards it. You know, when, when Elon Musk changes his Twitter profile to a board just to like, make a joke and then come back, you know, prices, skyrocket, speculation goes wild and now even more. [00:10:40] So I think his, his power to like make a joke, manipulate a market and maybe drive you nuts or thrilled, depending on what side of the trade you're on is only going to increase. And so I think we're going to be talking a lot more Twitter when it comes to that. [00:10:54] Yeah. And you know, to be, I think it's still the number one communication platform for, for, for NFT collectors at this point, you know, none of these messaging platforms that I've seen have gained any real traction. So [00:11:09] This court decide, which is a uniquely different type of [00:11:12] Yeah, right? Yeah. The publicly facing one, I would guess. [00:11:15] It's yeah, it's more private discords even if they are publicly available, nobody's just stumbling onto them. You've got to, it's an act. It is, it is active management dealing with this court. [00:11:29] When are we going to get a better NFT, friendly discord? Like there's enough money for it, [00:11:34] That's a good question. Yeah. Are we [00:11:37] Yeah. I mean, that is some of the stuff that I hope that, you know, we start seeing built because it is it's really overwhelming whelming to, to deal with this court. It's not really meant for this. I don't think that anyone should, should be in dozens and dozens of discords and have that be as the only way that you can keep up to date with. [00:11:57] These projects, you know, either that, or I guess hopes that they post it on Twitter and you're able to find it there. I mean, it's, it's really difficult, you know, most of them do not have a, there's not really a open communication protocol for web three. [00:12:11] I'll make a prediction for one year from today, there's going to be a very strong NFT first discord, that competitor that there has to be. Every time I clicked to authenticate my wallet from a third party app and then bounce back in I'm like, if you don't think this is a massive security hole. you don't understand how the internet works. [00:12:33] Holy cow, I always get nervous every time I do it. And I'm like, I double check the URL. I'm like, I'm clicking this button. [00:12:39] from discord to another app. Then verify with your Metta mascot's extension on your browser, but yet [00:12:50] Where's the [00:12:51] holes here. I don't see any flaws, but [00:12:53] Air tight. That's an end to end encryption except the no, no, that's the opposite of end to end encryption. Yeah, there's a couple issues with that. I feel [00:13:03] Yeah, yeah. That there's still some problems there. [00:13:07] again, see your episode about running around the internet with a hot wallet. Just be careful. Leslie want to mention here? A couple of airdrops the Quincy Bendel is an NFT liquidity platform. So it has, they have an airdrop right now for people that have been active on open sea, then I don't know, there were a few different ways that you could qualify there. So. Worth going on and checking that's bend Dow got XYZ. [00:13:34] You will have that in the show notes and also hop exchange. That's a exchange and bridge protocol. They just also announced an airdrop. So if you have used that one at all, it's worth checking there. So these are things that we've mentioned. We've mentioned the past. Things to keep an eye on. See, I think we're going to see a lot more airdrops coming. [00:13:55] So if you haven't taken a look at some of the, the various lists of airdrops potential airdrops come in. I think we've got that in a note somewhere, but worth revisiting and and trying to, to qualify for some upcoming airdrops too. I think it, I don't know. It seems like these, these seem to come in batches and it seems like airdrop season is here. [00:14:17] Yeah, well, it seems like there's a limited amount of projects that they're airdropping for like UGA specific, but you're saying other ones will show up. [00:14:26] So there were, so you've got to go to the, yeah. Well, there's this there's a flash came right. This flash claim right now for you guys. And they have the bend airdrop, which rewards both for what you hold, which is some top tier projects like board apes and then also for open C activity. And I, it, it was [00:14:49] Ooh, I just claimed 675. Ben I'm rich. [00:14:53] all right. All right. I don't know what Ben is going for, but yeah. It's if they promise the [00:14:58] money on the [00:14:59] they, they promised huge amounts in the future, then are a huge of rewards in the future. [00:15:05] I can stake it and they're in 200% on something. I don't know the value of I'm in it. [00:15:10] Hey, he may as well. Right. [00:15:11] I think so. All [00:15:13] All right. Well, that's all our news. I think we've got a project. What do you have for us, George? [00:15:19] We do. I got to shout out this one to the what did the JPEGs no, I, how am I blanking on it? The priceless, overpriced JAG, overpriced JPEGs podcast, where I heard about this one, the hug pass and the founder Randi Zuckerberg. You'll recognize the last name as in sister of mark Zuckerberg. And this project is the hug pass collection, which is a community focused on finding and supporting female led NFT projects. [00:15:55] They have an incubator they've got, you know, sort of active discord and a promise of this community to grow over time, to be a friendly, welcoming place for the sort of the next. The next holders, people getting interested in NFTs. It is a, you know, kind of cartoon style, I'll say, but this is part of that sort of membership utility. [00:16:16] We, we keep coming back to these pieces where we see membership utility being a safer place to bet the current floor of these, I believe is it. Point zero eight. So certainly affordable. I would say they're doing a phased launch. I think there's going to be 15,000 in total. They've launched the first, I believe it's 5,000, right? [00:16:40] 6,000, sorry, 6,000 right now. And then yeah, there's going to be 15,000 total. So there's going to be more phases of this. They're offering sort of the, you know, the common things you'd expect of future perks either. I'll come back to the founder though. Randi Zuckerberg. No. She spent 10 years at Facebook. [00:16:56] She knows her stuff. She's like, certainly on the artistic front, you know, done things as a musician, she's been on Broadway and produce things. She's run groups and teams. She's like kind of been bitten by the NFT bug. It seems and out she tends to do things at, at a high level. Proficiency. So, you know, that's kind of like when a, why this membership versus another one I've already explained in a previous episode about my my investment bias, probably toward a female led projects. [00:17:27] As you look at, you know, who the next million people joined. And FTE communities are going to be and purchasing. So, you know, I think there's going to be good alpha on if you're, if you're in that community the next, most successful female artists leading an empty projects. [00:17:44] Oh, yeah, I haven't, I've not looked into this one too much yet. I know you've mentioned it in discord. So I've been meaning to check it out. I'm going to have to go look into this a little bit more. [00:17:53] Yeah. Some something to look at, but I, I liked this one. I've full disclosure. I don't have one. I am watching the, watching it and pretty soon I'll be able to announce that my, my new beef address works just in case you want to send me a tip at any point, because it won't be alphanumeric. I'm going to get a really NS address. [00:18:10] There you go. All right. [00:18:13] Alrighty. Okay. So that's the project next up our theme. [00:18:18] Yeah, let's get into it. Yeah. Or should we just promise that it's going to come later and keep [00:18:23] we're going to get to it. We're going to, so we have this whole. And so how do we value a product versus a promise? What are the difference between those things and defining them? And just at a high level, roadmaps are paved in promises, things we will do develop come up with in the future. And that is essentially what drives a lot of price speculation. [00:18:48] Now, this is not unique to NFT. Anytime you look at the price to earnings ratio of a stock, you were about to buy. That is what people are doing. They're betting on the multiple of how much they think in the future. This thing is going to be valued at there's something different though. I feel like with NFTs, You know, the there's the actual product. [00:19:09] What I get today, you know, is it the value of the art, the access, the game play the community, right? Because you obviously need a new discord channel, like, you know an extra hole in the head. But that is kind of how I see this. How do you look at the idea of valuing the product versus the promise? [00:19:28] Yeah. Well, I think it's, it's, it's tough to knit desolate value right now. I mean, I think right now we're seeing that promises are, are valued much higher than the actual product. It's, it's, it's almost like being a pre-revenue company in the more of the.com or the web to sort of landscape. You know, if you don't, actually, if you can just say that it, that you've got this huge addressable market and that it will be big once you are trying to actually get revenue, that's a lot easier than actually trying to get the revenue and. [00:20:00] Not being able to get it. It's a lot easier to draw that line. And it seems like that's sort of what we're doing as you know, as collectors right now is that we're saying like, whoa, they're talking about building a metaverse let's, you know, let's buy this up to, to eight E and now it's here. Okay. Let's get sell down to three, Ethan you know, an example of this recently, and it's not as like metaverse, but cool cats mentioned this earlier because they, they had. [00:20:28] They've got a game out. It's not even their full game. It's actually just the sort of reveal for the cool pets, but it took them a while to get out. And they wanted to make sure it was done. Right. And you know, maybe that was, you know, they, that was part of it, but it was somewhat slow in the release. It is there it's usable. [00:20:46] I have checked it out. It's it's got great graphics. It works well. And the country, the price continued as light, especially for those cool pet. I've seen the, I think the price is now under well under one eith. And you know, that was something that was up at over one and a half or for some considerable amount of time ahead of the game release. [00:21:06] Once it's here the price has dropped and you know, there is something right now to. Thinking that these problems that are going to be much bigger than they are. And then when they see what is actually developed with the product, it's a little bit of a letdown, I think. And you know, it also stops people from saying, well, that next thing is going to be what, what really provides the catalyst for the price to move here. [00:21:29] So important to see that, because I think, I mean, both of us, I would say maybe. I will say from the I perspective here, I, when I currently, you know, look back at where I was like last year as a collector, I overvalued future developments. I thought that, you know, that, that new innovation, that new game would just be the thing that completely shifted the value proposition, as opposed to the reality, which, you know, oftentimes they have to build up expectation in marketing. [00:22:01] It's their job. They need to drive this hype. In earnest, like that's actually a really bad way to try to build a game or a tech or product feature. The ideal way is to find a small group of customers, build it slowly, manage expectation and develop over time. You know, the idea that you're building in public works for some things, but in other cases, it creates this, Hey, Of production saying like, all right, this next one is going to be the product that changes everything. [00:22:34] And it's all on this next launch. Trust us, save to this date. And you know, the existing market, I think, is getting a bit wiser. And I think some of the reason maybe that we have some winners winning extremely right now and some long tail there is that. That ability of a smaller project to say, no, no, no, we have this, this next development coming. [00:22:55] And that's what our evaluation is based on. People are beginning to realize that like, even when it shows up, like how good is this game possibly going to be? How will that actually help the value of the product? Right. Cause that's what we're talking. The value of the product and how will that increase? [00:23:10] Because the thing doesn't generate revenue the same way. If I'm going back to the PE ratio of a company of saying like, oh, we're going to add this new feature, which by the way, generates revenue sometimes. Yes. Sometimes no, if you're talking about internal tokens and pieces, but it's becoming to me more important to value the burden, hand the product. [00:23:31] And, you know, we, we keep bringing these up. These projects that have the community value saying, all right, here's like the membership, which ironically your, your value, this is more stuff being dropped to your opportunity in the white list of new projects. But there's, you know, that's, that's something I can, I can count on, you know, that is a bit more. [00:23:52] And then prior to that, you know, we were looking at. The product verse promise the product of access to certain things like w GMI a Wagner, right? W G m.io, which is able to track our portfolios. And we're like, all right, cool. There's a use. I get the product right now while they may promise things like I can use it right now. [00:24:13] So would you say you're beginning to have a bit more of the bias for the product, or are you just trying to get savvier on the roadmap, paved and promise. [00:24:21] I don't know that I have a bias towards the product. I mean, things that are. They're good. And being used, I guess, you know, there is a, maybe I'm looking at those in a different light now and, you know, hoping that there is some BI-LO opportunities because it doesn't seem like the market is currently valuing those. [00:24:40] I mean, it's maybe it's, you know, we're, we're valuing growth more than we're we're valuing the that's where we're, or I guess we're valuing expected growth and There are tools, like you said, that are being used. There are products that are coming out of these. And right now that isn't I dunno, it's not good for the price, but maybe those are worth looking at in a different light and saying, you know, I think that this is going to change at some point and people are going to realize that That those promises are somewhat empty, not leading anywhere. [00:25:11] And that some of these other projects are actually developing things that are in use and, and don't look like they're just going to go away because the price drops in other collections. [00:25:21] Yeah. [00:25:22] maybe another way to say I'm beginning, I'm becoming more skeptical of roadmap promises that are essentially wall-to-wall. We're going to build an insular little world where these things can operate. And finally, you can, you know, go on to this, you know, very basic gameplay and watch your thing tumble around, like, okay. [00:25:42] Like, just be honest, like, look at your current uses of the internet of games. Like what kind of games do you actually play right now? And how does that really map to something that's like, all right. Here's like an adventure game where you can like wander around and like, do I, what I do that. Would others do that with the people holding this and valuing this, do that? [00:26:03] Or are you just creating something? That's, that's sort of out there. So I get nervous with the walled garden and, you know, public companies being like, you know, we're going to build our metaverse and everyone's going to come here as opposed to elsewhere. I'm more attracted to. The way that they're integrating with other projects with it, they're opening up and delivering value you know, in, in ways that can connect to, to other players in other ways. [00:26:28] Yeah, I think that's a good way of putting it. You know, in general, things that are looking to build more and not necessarily say, like, come here and this'll be the end of, I don't know, this will kind of be the destination. That's I dunno, that's expecting a lot of your project and people to, to react in that way. [00:26:48] I think what we're seeing. Most of the most successful things are really bringing together projects that are bringing people in projects together in different ways. And not necessarily this is going to be the end ecosystem. Although I guess the the, the AP ecosystem is, is the, the big example to that. [00:27:08] And it's hard to argue with their success so far. [00:27:11] Well, see, you know, like I think, you know, we're a year into the adventure and it's, it's grown very quickly and a lot of the sort of, you know, success of overall NFT. And some narratives are like, all right, it's hanging on. You go to the largest player to like, get, get this right. But, you know, we have a towering roadmap of promises of things that that will be built, but there is the inherent product, which is almost like this cultural symbol of, you know, access elite. [00:27:45] Tastes type of brand you like you're buying a Gucci bag. Like what did you actually buy? You bought a bag with a Gucci logo on it. And sometimes that it is able to, you know, Polish and promote this brand in such a way that like the sheer fact of holding and owning it is, is the, is the narrative. And I think, and a T's have probably done the best on that idea of product value, the brand, the social proofing. [00:28:11] And showcasing of, Hey, look, you know, I was smart and bought this thing at this time, but there's a, there's a lot more to be developed. And then, you know, inside the game world, I have more and more experience playing and watching and FTE games go through life cycles. And it's brutal, right? The current question in the, the peg Etsy world, it's like that, the price of this, if you want to, if you want a funny joke, like take a look at that, that price it's like, well below 1 cent now, And the hope is that there is in their roadmap, which is, you know, fully, fully mapped that there's there's a killer feature coming that will like turn things around. [00:28:50] I'm rooting for it. You know, I'm, I'm still on the platform, but, you know, it becomes, it becomes hard to say like, all right, if your core fundamentals right now aren't necessarily working, like will a killer feature necessarily fix that, maybe. I actually have a question for you. Have you ever seen a project that was had launched right. Maybe had a good launch then went through that low, right? That, that post-launch low, like the price taper down kind of hovered and then launched a new game feature drop or something. Then brought it to the next level, besides I'll say board aches, right? [00:29:27] Because the Nutanix and everything, the syrup like serum, everything needed to sort of work. Does an extra drop. Have you seen another project where, oh, you know, the, the roadmap delivered and suddenly the price responded and like, oh my gosh, this is the. [00:29:39] So as he started saying that one example that comes to mind is the project recently that we've talked about. Yeah. A couple of times recently and they have a discord and they'd say, I don't know. They, they give a w w I don't know exactly what you call it, but about five different NFT reports each week. [00:29:59] That was one that was down. I understand it like a 0.05 or even under floor at one point. They've been launched with this idea. Of providing value to the members in the way of, you know, making it an alpha group and getting information about different projects. Last, I looked the floors back up over 0.7 and they have plans to launch a, a new 10 K PFP from that. [00:30:25] So that, you know, it's a much different scale obviously than board apes. It's still a big turnaround from 0.05 to 0.7 ish. And that is one where they actually launched with, I don't know how the, I, sorry, I should say, I don't know what the plan was when they launched. I know when they relaunched, they actually had this roadmap of, of trying to make it into an alpha group. [00:30:46] And it seems like it is succeeding there. I can't think of. Yeah of a larger project that has been able to sort of revive itself or turn things around on with the launch of a, of a, of a game or a project like that. You know, most of these, I would say, have we seen a lot of projects that have released more you know, released a new collection or a new game and. [00:31:10] And drop governance token a, you know, like an extra piece [00:31:14] But that's. Yeah, I let's see. I mean, so cool cats, you know, that's, they've at least things that they, you know, they've had this in their roadmap and it really hasn't worked out. So then we've got something like a zookeeper. The zoo you with their beams. That seems like it wasn't, I don't, I know they just had to reveal for those beans today. [00:31:35] I don't know what their reaction is, both in price or what people are saying, but I know people are disappointed with the deans initially. And it seems like this one where, you know, they, people are much more excited about what is to come in the future then than what is actually here. So that's, that has not worked out [00:31:51] a women had a similar launch where they had a new drop and like people were underwhelmed the price of. Maybe art box, like, is that a comparable, but that's more of like these like networks where they're just like, here's our ecosystem. People, artists are going to launch like. [00:32:06] Yeah. I don't know that. I would say that that's a. I don't know. I'm not sure that I I can think of many like that. You know, it is tough and, you know, that's, I think it's something to keep in mind is, you know, how how maybe fickle collectors are, and they will move on to the next thing, if it doesn't work. [00:32:23] And I don't know that they're often coming back because the, to that project to give it much of a chance of success, you know, right now you've got either get it right away, you know, get success right away, or it's going to be a tough, tough battle. [00:32:35] It's an important note that it, you know, we had to struggle so much to look at it and. Section is a exception is not the rule. So if you are sort of waiting or betting on like a project with you know, th the killer feature, the killer roadmap promise, you know, just look back as to like, when in the past, has this worked for a project to, to revive it. [00:32:58] And I think at this point, I've like, I've, I've watched enough roadmaps kind of go through and I've watched the price response. And the price response is always heavier on the expectation than on the executed delivery. I have to say can't happen, but gambler wise. Hmm. Interesting. [00:33:14] I agree. I would say that most most of these, most of the time, it'd be better to sell the, sell the news or even sell the rumor then then hold through it. Unfortunately. [00:33:24] Alright. Interesting discussion. Thanks for sharing that. So you out there.  

All About AFFORDABLE NFTs, hosts Andrew aka Rantum and George from Mostly Stable on ZED Run, help navigate new projects, interview expert guests and explore NFT trends. Whether you're on your first or fiftieth NFT, we're going to have something for you. Keep track of all recommended affordable projects with our ‘keep us honest' spreadsheet.  And a quick note that we are not financial advisors and nothing in this podcast should be taken as investment advice.   Theme: Why NFTs need alt-layer networks Ethereum network becomes very expensive - by design NFTs occasionally bring on a huge surge of activity - more people want to transact than the network can handle. People pay more to cut the line, continually driving up prices Layer 2s offer more transactions at lower costs, with enhanced security New layer 1s are not tested and proven Affordable project: The Meta Key - Collection | OpenSea https://themetakey.com/  NFT NewsRantum NFT Market Data, Cryptoslam.io NFT Headlines: Yuga Labs Sees $561 Million in Otherside Ethereum NFT Sales Within 24 Hours - Decrypt  Yuga Labs Has Refunded All Unsuccessful Otherdeed NFT Minters  Seven-Hour Solana Crash Blamed on Bots Swarming Candy Machine - Decrypt  ApeCoin to Migrate from Ethereum After "Turning Lights Off," Causes Controversy  Bad Reporting FUD from WSJ  NFT Sales Are Flatlining - WSJ  Project news: Human Park drop, Crypto Unicorn Game launch     Rough Transcript   [00:00:00] Today on all about affordable NFTs, we are talking about why NFTs need all to layer one networks, I guess, alt layer networks, not even layer one networks as part of the larger ecosystem as Ethereum becomes a bit pricey which may be a nice lead into some of our news items. How's it going, Andrew? [00:00:22] Good. Good. Yeah, I would definitely be hesitant to say that you need all wear ones, but we will get into that a bit later. Yeah. And it is a little timely with some of the new. Then going on. Of course the big news recently has been the other side or the other deeds, a land sale from Hugo labs they released, or they 100,000 plots. [00:00:47] They brought in let's say. 561 million in trading within the first few days that all sorts of records is the one day high for the most sales ever. That has been the, the big talk everywhere. And of course this mint did not go without some pickups. [00:01:05] Yeah. Th the critiques are, are many. And obviously like, look, there's going to be fun, thrown around quite a bit when it comes to this, but the gas prices spike to ridiculous levels. And I think. Peek of around to eat. So that means minting plus to eat which is, which is pretty ridiculous. And, you know, certainly burns a significant amount of Ethereum. [00:01:29] Did they quote how much at your end they've? They tracked that was like burned as a part of this transaction. [00:01:35] I saw it was over a hundred million worth, a hundred million dollars worth anyway. So yeah, so yes, it looked like initially they were going to have this be a Dutch auction. They abandoned that for some reason, the Dutch auction, the idea is that it starts at a higher price than, than most are willing to pay. [00:01:52] It drops over time. And. So you've got you don't have everybody jumping in at exactly the same time. So they abandoned that model ended up going with a flat 305 eight which was, I believe about two and a half eith at the time. That, that has fluctuated greatly since then. And both are I guess, negative, but but it's fluctuated a lot. [00:02:13] But any way that when they did abandon that, they also announced that there'd be multiple ways. Of minting so that you can mint to in the first way, if you were on the wait list you'd had to fill out the KYC form, which neither one of us had done because they had not said what this was for at the time. [00:02:31] So they did have an idea of how many there were there ended up being aren't. There were over a hundred thousand that had done the KYC. Then people were looking at how many had actually approved the contract. And I held enough, eight to mint either one or two and within two hours or so before the mint actually occurred, they or some people figured out that it was going to mint out in that first wave due to the number of wallets that had approved it. [00:02:59] And. So there were people jumping, you know, trying to jump the line, painting incredibly high gas fees because they assumed it would be worth it. That of course is you know, now factored into the cost at least on their side. But yeah, that's, it, it, it, it slowed down the entire network because any women transacting doing anythings had the same gas fees and, you know, it was for at least a few hours. [00:03:22] That it was like this. So yet really slow down the network. You go afterwards announced that it was clear that Ethereum was. Able to handle the 80 for the Hugo labs ecosystem, which you know, I think there's a lot of ways to, to say that there that is maybe faulty, but they also did create this by, they knew how many people had the wallet. [00:03:47] They knew many, many lands were available. So it seems like a supply demand issue in many ways regardless of the gas. But yes, it was over a hundred million. Sorry, burnt. They were going, or they are going to, I think they have refunded all of the unsuccessful mentors. There are many people that did not get their mince through. [00:04:06] So they have refunded that. And I guess the other part of this, they haven't announced that they need to launch their own their own layer for the ape. For all of the ecosystem. So it seems like they've maybe retraced or, you know what is it they're maybe not going to go that far right away, but there was a lot of discussion of whether they manufactured this for the purpose of announcing a new layer. [00:04:32] I don't know, you know, it's, it's hard to say that they, they could have put that all together. But it, it. Yeah, they definitely gave an example of why problems with Ethereum at times when there is huge congestion on the next. [00:04:47] Yeah, it's hard to speculate on the, you know, using it as an excuse. I don't think you needed that as a, as a narrative. Like you just say that as you want to create it in New York, there's, you know, the Ronin network out there, there is you know, flow with NBA top shop. It's like, there's very much a precedent for large networks doing this. [00:05:07] It was you know, by their own Testament, a incredibly poorly done. You know, the limitations of the net where you can't be surprised when you go outside in the rain without an umbrella and you get wet. There are limitations to the network. And if you drive an unprecedented amount of whales and to a short period of time and squeeze them on gas and they all ratchet it up, it's just a function of the, where the network is right now. [00:05:31] It will be better in a year. It'll be even better in two years, but you do that on pretty much any network it's going to have a problem. So, you know, I you know, It went poorly, you know, like that that's, that's how it goes. And you know, they, they did refund some people, but you know, right now, if I sat there and I, you know, you said it's about two, two and a half year, it costs roughly depending on what you did with ape, right. [00:05:55] For fermenting it. And then on top of that, you add the fact that you paid another two weeks in gas, like you're underwater, you're below floor price currently Flora's at 3.59. And also I w I don't know if. If I'm UGA labs, like, and I don't have, like, I don't know, fully developed game ecosystem for how all of this land is going to get used. [00:06:17] I don't know if I'd be jumping into creating an alt layer one right now. I'd be focused on how I deliver value on. [00:06:22] Yeah. And I think that actually kind of leads us to a next story here and we can get into a little more discussion of the layers, but the next story is over the weekend, we also had a Solano crash. It was down for seven hours. It was another layer, one there, where there's. There were bots forming a candy machine and a T type of thing on Solano. [00:06:42] So it crashed the whole network. So that was actually down for seven hours, not high fees, it was just unusable. So you know, that's the other side, you know, when you don't have a very stable network it can completely go down, you know, Ethereum it's, it's made to be expensive at times because. There are a lot of people that want to use it, and you have to be able to deal with that when it does happen. [00:07:02] As opposed to just having the whole network crash, [00:07:06] Yeah, it stops spots by making it prohibitively expensive to, you know, process a whole bunch of transactions in a tight, tight, tight amount of time. Yeah. And there's a difference because the word crash was being thrown around for it hearing You didn't crash. It reads gases to absurd. So Ilana [00:07:22] prices, right? I mean, it's, it's an absurd traffic jam it's and to get through it, you're going to have to pay an absurd amount. Now the difference, I guess, would be the roads. Closed. There was no getting on the roads. There was no access to roads on the Ethereum network. You couldn't do any, I mean, I'm sorry, on the salon network. [00:07:43] Yeah. Sorry, I don't want it want to make that clear on this Alonda network. There was no access to the roads, so different story there. You know, and I think you get into a little bit more of that. Let's see. Yeah, we've got this story about the A print potentially migrating away. I would say that there is, there is precedent for causing or showing people why something could be, you know, another network would be needed. [00:08:05] And that is quite the event to have a ton of eyeballs and probably worth spending a hundred million on to, to show people, look at how bad look at how much bigger we are than the Ethereum network. We completely crashed it and, you know, get people to move over to that other layer did that other and. [00:08:22] Got to look at. I don't know. I don't think that that's necessarily what was, you know, I think the idea was to make it a big event and it was, and, you know, we can see with 561 million being traded. It they've certainly succeeded in making it big now, you know, I think there's a lot more, whether it's, you know, how successful it could be, but the. [00:08:41] It's way too early to say if, if this project can be successful or not. Anyway you know, maybe that brings us to our next headline here. This is, this is quite the, the headline is all over the place here. What do you have for Joe [00:08:53] Wall street journal says NFTs are flat-lining and they do no manner of research. They were so excited to find one way to cut data in a certain odd inaccurate way that they could run this title. You just get this sense that. There are journalists just itching, traditional minded, hates tech, just itching for like, see it was all a fraud. [00:09:17] And now I can go back to the way things were. I can ignore the fact that the property layer of the internet is coming in. That, you know, blockchain is a real thing. They just can't wait for it so much. So that with no manner of diligence whatsoever, the wall street journal put out something that was so factually inaccurate and quickly. [00:09:35] That one of my favorite newsletters just broke this down so quickly, but basically saying in the article that NFTE sales are down 92% since September. And so like, they loved that, but like, frankly, they're, they're not. And if the volume on open seat hit all time high, all time highs, thanks to even what we just saw. [00:09:54] 480 million in sales volume on May 1st alone. And then like they show this chart and it's significantly high. You know, they're claiming that the number of active wallets are down 88%. The truth is that there's probably over 350,000 active wallets in the last week has been that way for 14 weeks of the last 17 weeks. [00:10:13] So it's like not decreasing at, at all. And, you know, it's It's great. When you can just look at blockchain data and say like, no, those are the numbers you say, whatever you want. Like, it's just, you know, when you get into this, like, I hate the, the narrative of fake news, but it's much harder to do that when you can pull data reports directly from from the source, it's all open. [00:10:40] Yeah, and well, it also leaves this all up for interpretation. I think that's one thing that we're struggling with right now is that all of this data can be sort of taken how you want it. Any data can really end that we don't have a lot of standards to look at. It's not like looking at. Looking at the stock market. [00:10:59] And I'm not saying that these are stocks or investments necessarily, but looking at the same everybody agreeing that these are the numbers we are going to use to gauge the health of the market. There's a lot of people that are just taking whatever they choose and, and running with it. And there are a lot of, a lot of peoples that would like to to tell the, the story of the end of the NFC and or the NMT market. [00:11:20] And. You know, and we'll find anything they can and that's, what's been done here. So it's certainly been it's been thrown around a lot. There's, I've seen some other headlines kind of I don't know, maybe playing on this one and saying that you know, trying to be more accurate with what they with what is going on. [00:11:37] So this is, this is certainly not it. And I'm not sure. I'm not sure what the reason for this is besides just trying to, to give that headline to everybody that's looking for. [00:11:49] Larry just such clickbait junk. And the joke of it also is that the largest day an open seat history just happened. Okay. Okay. Now there are points. I would write the article a different way actually. Like if I were to actually write it, I would just say like, you know, the NFT market is becoming a winner, take all extreme, you know, 1% play where it, you know, there's a hyper consolidation right now just around mega projects and an absolute sort of like shift in that direction. [00:12:18] And I could, I would have maybe parsed the data in a different way of saying like, unless you've got. Over six grand or, I mean, frankly, over like 10 grand to play, like NFTs are not for you like blue chips go up, but other things go down like they're, they're intelligent ways to write the article. If you spend more than 30 seconds looking at actual data but I don't want to give these folks any new ideas, so I'll hold back. [00:12:41] All right. Why don't we? Oh, no, you've got some project [00:12:44] Oh, I got some fun project news [00:12:46] right. Yeah. [00:12:47] we, you know, we went through and updated our, keep us. honest. And so, you know, looking around the human park project had a drop this like obelisk looking thing is kind of funny. They dropped it to all holders. We have no clue what the thing is for, but you know, it's out there. [00:13:02] It's a thing and it's showing that they're continuing to develop. And I still like that project quite a bit. It's built on the polygon network and then the crypto unicorn games. So we talked about crypto unicorn, Atlanta. You know, a while back and I will say, Yeah. [00:13:19] that was on March 4th. The gland we recommended was like, 0.17. [00:13:23] And it actually, since this launch is now hovering around 0.4 or or on 0.2 for basic, and it's really it's pretty cool. You know, there's an actual gameplay dynamic there. You know, who knows, you know, it's, it's play, it's a play to earn type of thing, but there's a whole dynamic marketplace and planting and playing around there. [00:13:41] So might be worth worth look if you haven't seen it or if you have got it. But I always, you know, I'm always thrilled when the, Hey here's a game that promised they'd make a game and they finally launched. Cause it's very hard to do that. So applause to that group and you know, it works. I logged in, I planted some random rainbow seeds and I harvest. [00:14:02] Now I've got more of them and I'm not quite sure what to do with that. [00:14:05] All right. Well, we'll move on. I've got an affordable project now. On here for us this week called the medic key. This is actually the fourth edition just came out. So this is about a year old, I believe. Cause I remember you know, now very obviously stupidly passing on minting that first one. And those are our four eighth floor. [00:14:25] This is the fourth. These are, I guess, one of the earlier utility type NFTs. The gives you access and discounts on various Properties or sorry, various places around the web. Really? In web three, they have quite a big, quite a lineup of partners. It's run by. Let's see. He's I don't know what this name is. [00:14:47] Maddie BCL blogger. Is the the Twitter name. He is. Got a big following there and has been around the space for a long time. Definitely has a good understanding, good connections there. So this is the newest the newest key here is that the floor is, I think just under 0.2, as we're looking at this what I like about it is a team been around. [00:15:09] I think you're going to continue working at this. And then it is in that utility area that we have been looking at recently, [00:15:15] Yeah. it's got this funny graphic spinning around. It looks like a souped up. technical card that as that kind of spins around. So it gives you access to just general pieces, right? Like it's like e-commerce stores, it says eligible for airdrops. [00:15:38] That's what I was trying to get at. It's quite a range of, of access and features here. It's not exactly what you would expect, not strictly web three. It's not just a, and it's certainly not just like for people that are doing minting or something like that, that a lot of different use cases here. So I think it's worth taking a look at. [00:15:55] Especially at that floor price you know, watch around. I don't know, I've been watching the floor too closely, but it's one, I'm going to start looking at a little bit more and look for maybe a good price to enter it. [00:16:07] Yeah. And again, I see what you're saying in addition one is like at four eith yeah, it's a wide range. It says, you know, potential conferences, virtual worlds in decentral end and sandbox. Clubs rooms, experiences. So it. [00:16:21] really seems like they're, you know, you're not buying art, you're buying access. And, you know, we have seen that sort of access on the rise. [00:16:27] And I liked the bet on at least something that has got a proven track record of doing this, not just like here's a brand new thing, we've got no connections, but we've got this access token. Good luck. So, you know, proven, proven pieces there. Yeah, flora 0.2 right now and yeah. Worth watching. Certainly if, you know, as each slips and maybe long tail projects kind of get overlooked this is an interesting one. [00:16:51] And you said you owned one or no? [00:16:53] I do not own one yet. I should, should note that as of now I do not own one. Just starting to look at that now. So it may change by the time it comes out. I may buy one. I've been but I have not got one as of this recording. [00:17:07] Take a [00:17:07] All right. Well, [00:17:08] Hold on. I want to see the team [00:17:10] okay, hold on. Yeah, let's [00:17:12] chase that down. the medic, he.com and they have a fully doxed team, which, you know, big check, big check mark. Yeah. [00:17:22] And they have a very large team looking at. Probably 24 employees and they they, again, they have a founder and a co-founder and these folks seem real with real names. So good. That's my other big [00:17:37] would be one improvement I would say is they could put the website on their open, see listing instead of going to [00:17:45] ended up on referable. Yeah. [00:17:46] Right. I think, I don't know if they're [00:17:49] feedback, if you're, if [00:17:50] some sort of comment here, but Well, we'll put those, we'll put that in the show notes. For folks oh, okay. Onto our theme. So as we just noted, the theory of networks have become, will become very expensive. And again, this is by design for the stability of the networks and for, you know, validating number of transactions that go on. [00:18:11] So, you know, Andrew for you, you know, why, you know, why do NFTs need this all layer, these these layer twos to, to get where we need to go versus I'd say maybe the con The counter to that, which is why not just, you know, wait for the merge, wait for the urge and wait for Ethereum to just get better over time. [00:18:30] Right. So I think that for one, we've got to refer to more of the know NFTs that need a lot of transactions, things that are used in games think that you're using transact, moving around a lot, maybe lower priced, NFTs things that are just requiring you to do a lot on chain. When you're talking about high valued NFTs things, Bunks or board apes, you know, I don't think there's a problem with those being on a theory. [00:18:56] And given that the, the fees are relatively. It's a relatively small amount of the asset percentage of asset value. Now, when you're going out to these other, these other places where you've got to where you're transacting more, and those fees are really adding up that's when you've got to find someplace else, someplace else to do these transactions and layer twos specifically Ethereum layer twos, give you give both the stability of the Ethereum now. [00:19:23] The security of the Ethereum network and the ability to transact cheaply and quickly so they can hold, they can handle many more transactions and they do this by do, by handling all the transactions on their network initially, and then rolling them up by combining them all and writing them to the Ethereum network in one batch, as opposed to. [00:19:45] Maybe a thousand transactions going through individually, they can write one transaction. So it's much cheaper by putting them all together. It's much faster and it still relies on that network. So that. That's the, that's a reserve. The way that those layer twos can actually handle it. And the reason is that these NFTs just need more. [00:20:06] They need so many transactions that it's just not feasible to be doing it on layer one, as soon as we explained what the costs getting to where they are now. [00:20:13] So to be clear, can you just name some popular layer twos that live on top of a theory? I'm just to put names on this thing. [00:20:21] Yeah, that's great. And we should Solano. I'm sorry. Solana is not one. We were talking about Solano earlier. That's eight layer one. Sorry. That was on my mind. That's another layer one. And I wanted to make that clear. That's the layer one. So as far as layer twos, now we've got polygon. We've talked about that in. [00:20:39] Slight discrepancy of whether it's a, an official layer two or not, but we'll, we'll just include that for, for intents and purposes here as a layer two on Ethereum. And it's been around for, for, I mean, pay relatively long time for these layer twos. And it it's considered pretty stable. [00:20:56] There have been some, some bugs that have been found, which is a good thing. You know, you want these networks tested and you want to find that there are things so that it is getting better over time. Another one is optimism. They we mentioned them recently. They've recently had a, they haven't had the token drop yet, but they've announced it. [00:21:15] And you can check your balance there that you have a, an NFT marketplace quixotic. It's not very popular yet. But it does make it much more feasible to do these and Ft transactions on that layer. Let's see. Some others would be arbitrary them. Zika sync, these don't ha arbitrary, arbitrary has more of a NFT marketplace. [00:21:38] Though it [00:21:39] All brains lives, right? Or do I forgot? [00:21:42] That's right. Yeah. So it's on the, we've talked about this a little bit. It's a treasure of marketplace. Magic and treasure have both had some issues, both security and team wise. So, you know, there's, aren't, you know, I think that is one thing to keep in mind. These aren't without risk. [00:22:00] They have less risk in my mind than, than layer ones where They really haven't been tested in any way. I shouldn't say in any way, but in any large scale, Way over a long period of time. That makes me nervous. These layer twos. I'm not saying that you don't have to feel a little nervous about these. [00:22:22] We've definitely seen cross some cross chain hacks but they do offer more security and keeps it a lot closer to, to eat. Which personally, I just prefer in general, I think that. That that will hold a lot more value over time. Regardless of, of how so the sort of the multi chain I don't know, future goes here. [00:22:48] You know, we don't know exactly how that'll play out, but I think things that are connected to the Ethereum network will benefit by being on that theory of network. [00:22:56] Yeah, they get to borrow the security of a theorem and depending on obviously how they're coded, but get to borrow the security of Ethereum and then add the, the speed, the transactions per second, that, you know, as you mentioned, games need in general, frankly, for large-scale adoption, you're just going to need more throughput and. [00:23:15] And you don't have to look very far back earlier in February, there was 320 million stolen in that. So on a bridge attack, like, okay, fine. Cause a PE firm, which is predominantly how salon is backed. Just wrote a check and they're like, all right, done. And the other pieces, the underlying token that underwrites, these, these various platforms is a, is another sort of added layer of risk, or I would say. [00:23:44] Saying. All right. Well, how much are you creating of that token? Is it depreciating or appreciating? Because anything that you transact on there is denominated in that took is paid for, for minors or for staking or for the, the market price of that. And if you are dealing with a unstable volatile or deflationary or aggressively deflationary under written token for that platform, then like, all right, what is your net worth? [00:24:11] That's a good question because it's. Based currency could be in Solano, which has dropped quite significantly. And twenty-five percent more if it's going to be printed this year. I remember them people in crypto getting pretty angry when the U S government printed 40% of its currency. Okay. Next year, you know what, they're going to do print another 25%, you know, that they're going to do. [00:24:31] So I think that's another consideration, but yeah, getting back to security, that has to be the table stakes, I think for for any platform that's going to let you hold. I want to know that that property is going to be there and not get. [00:24:44] Yeah, absolutely. So, you know, I think it kind of goes back to the idea of. Of UGA potentially launching that ape chain. And to me, the ultra, there's an alternative where maybe they partner with one of these existing layer twos and bring it over to one of these where they've got these, they've got all the benefits of being right next to Ethereum. [00:25:06] And, you know, I guess the other part of this is it's a lot closer to people's wallets. They don't want, you know, When you don't have to get your, get your funds onto another chain completely. It's a lot easier to go between layer one and layer twos. You know, it's, it's easier to be able to bring those funds over there. [00:25:22] Know, I think that's the way I would hope that they would end up going here so that they can stay closer to those Ethereum routes and still get the benefits of transacting, cheaply, moving things around quickly. And, you know, I would think. Benefit a lot of benefit. One of these layer twos, you know, as we've talked about, I think that there could be a quite a war for users. [00:25:42] So if you can sort of, you can guarantee that you're going to get the, the UGA the, the Yugo holders to come on over and, you know, they do make some noise. They tend to they tend to be, to, to tell people about the things that they're doing. And you know, I could see that being a good marketing play for one of the. [00:26:01] Chains instead of just, you get potentially rolling out their own and hoping for the best you know, as we've seen the minting wasn't the best. And it would, I would be concerned with them watching their own, their own network and not having issues there. I mean, it would be hard for anybody to do, and they certainly haven't shown that they they're without making mistakes in the technical realm. [00:26:27] We just leaving roll back the clock. Whenever you're listening to this. They're not even able to keep their Instagram password protected. They got their Instagram hacked. It costs their folks $3 million in NFTs that were stolen from them. A very basic hack that was then posted from that channel. And you want to create a scalable layer, one that competes with Ethereum, that's been in business with some of the smartest people, developing it for a number of years. [00:26:58] And you know, how many millions, billions of dollars in it. I mean, even want to compete with something like the Ronin network that got hacks for 650 million. [00:27:07] I'm not sure if you've heard about some of the great projects that have launched on the Ethereum network. There's all sorts of them. [00:27:13] board apes. [00:27:14] Yeah, that's right. [00:27:15] have heard It there's one the, a theater of network. [00:27:19] Punks crypto pumps. The, you probably heard of that when you acquire your entire company is built on it. I feel like it was just a throwaway statement and they had to walk it back because at a certain point, you know, you, people will begin to realize you're just making more and more promises. [00:27:34] And it's just like a pile of promises that will eventually be developed. But I think building an alt layer one is a ridiculous statement. [00:27:42] Yeah. Yeah. It seems like that maybe won't be happening. I know immutable has has made some noise about trying to be a partner. Of course [00:27:50] And immutable is a, is an alt layer one. [00:27:52] That's right. So they have, they're also the ones that have partnered with GameStop. It seems like they are good at partnering those in the right place. [00:27:59] So I don't know if that'll happen or not. I haven't heard a whole lot about that marketplace recently, but then again, there are more and more marketplaces all the time and we're seeing little bits of activity. Just, just spurred up everywhere now. [00:28:13] I'm hearing a lot about avalanche and then sort of their, their own scalability. Haven't seen a lot of like big name hacks, which is not necessarily say good or bad. You know, their, their token is incredible. I mean, everything is down but that's, you know, one where I see some smart people starting to load up on, which is interesting as a layer one that I'm like, I'm gonna like take a look at some more and then there's wax, which has been in the game a long time, but just. [00:28:36] You know, I think MLB had the largest type of relationship from a, from a high level with them last summer. And that really didn't go anywhere. And any of them [00:28:46] sort of drop today and I don't think I'm not sure what chain that was on. Are you, do you know what. I don't know. I should say NLB. Sorry. This was tops specifically. [00:28:56] is different. Yeah. [00:28:58] Yeah. Nevermind. I realized I [00:29:00] Is there any other layer, one that's on your radar? [00:29:02] No. I mean, I'm more. [00:29:06] I'm more aware and more into the out layer layer twos than the not layer ones. I would say. I'm not quite as in tune with those. [00:29:15] Yeah. I mean, obviously for us, we've recommended projects on polygon, you know, I've seen it in action. I've used it. I trust that I've been able to bridge things back and forth and. Easier and easier. Because anytime you're, you're moving between Queens or between even layers, you need to use these bridges, which means you need, you know, that's another point of failure that can occur. [00:29:35] So, you know, one, one layer one layer, one layer, two bridge that I like a lot is Umbria. A lot of folks use that one, but yeah, look NFTs are going to need getting back to our theme here. Layer to layers that are, they're going to get there, be it a polygon, arbitrary optimism, others that, that build on top of it. [00:29:54] And organizations that launch on a theorem and don't code their stuff the right way, and then get angry that it didn't work. Cause they have like large files, small pipe and high expectation of a window of which people that act. You know, it's like someone getting angry when their website crashes, what we sent everybody there, but we only had you know, bandwidth for a hundred people and we coded it that way. [00:30:18] We need to create a new internet because our website crashed like Dakota did poorly. You launched it. Ineffectually and yeah, it rained on you [00:30:27] Right. There are technical limitations. [00:30:29] the new inner. [00:30:30] You gotta, you gotta deal with those. This is, this is nothing new. There have always been technical limitations. You can, you know, there are ways to break systems. Believe it or not. [00:30:39] It's. Yeah, I guess that that final metaphor just seals it for me. I mean, a new, I need to create a new internet. My website crashed because I put a shit server and dumpy code and okay. I enough ragging on it. It was a successful drop. It was a historical high day, like an amazing to watch. And in the same, same week, a, a wall street journal say like, and if these are flat-lining and then an all time record broken after an all time record was broken by moon birds. [00:31:05] There's a funny things happening in the end of sector. And we'll definitely keep an eye on layer twos. All right. Andrew. Thank you. [00:31:12] All right. Good talking, George.

Theme: 7 Rules of Jumping into NFTs for new collectors With so many about to jump into the Coinbase NFT platform, we thought it would be good to throw out some helpful tips/rules… Beware scams and rugsDouble-check website, discord official links, and other NFT platforms to confirm a collection ETH in hot wallets is riskyGAS accidents Chips in a casino vs cash in checking/hand Pretend to buy your first three NFTs and see how they would have done Opportunity cost - avoid FOMO by finding another option for something to buy Know your timeline to hodl or ffdl Define your methodology. Judge the team, community, art and utility Slow down, beware hot tips, usually means it has peaked. Most collections will go to 0. There will be another opportunity Affordable project: Past Project run-down - Keep us honest. https://docs.google.com/spreadsheets/d/1YmmUbz4ru4qovrbxv44zREyQGQIg8Fvsdck9fotzfnk/edit#gid=0  NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Optimism Announces the Much-Awaited OP Token and Airdrop Non-Fungible Heroes NFT Project Signs With WME  Aku Ethereum NFT Launch Ends With $34M Locked in Flawed Smart Contract - Decrypt  Rough Transcript [00:00:00] Today on all about affordable NFTs. We're talking about the seven rules of jumping into NFTs for new collectors. We know there's a lot of new Coinbase NFT platform, people jumping off that waiting list and jumping into a very interesting world of, you know, buying, selling, holding, flipping, surviving NFTs. [00:00:20] So excited to share some of our rules that might just help you. And also if you've been collecting for a bit first off, Andrew, what he's in news. [00:00:30] Hey, George Juliet. Let's see. What are we looking at out here? We've got what we talked about. This one, we've got optimism. One of the layer twos that saves you a lot on gas. They have announced. Oop he token airdrop or I'm sorry. I think it's the Opie token. But it's the token airdrop is announced. [00:00:51] They haven't actually released the token yet, but you can go on and check the amount that that maybe you are eligible for other various qualifications in here. I do like some of the things that they've done, they wanted to both check if you've used the optimism network. But also check if you've done things like vote on No snapshots on. [00:01:11] And I'm sorry if they, if you've contributed to get coins of their multipliers, if you've done multiple of these actions and those really add up. So we don't know what the value of this yet, but it is the value of the token yet, but it sounds like this will be a relatively substantial Airdropped for a lot of people and it should bring some liquidity to those options. [00:01:33] Those people that are on optimism. One note that I happened to notice the the the NFT network quixotic it's the optimism. NFT platform saw it's biggest day in volume by a large share after the news that that was coming. So there's not a lot there that interests me quite yet, but it is maybe something to, to just keep an eye on and maybe familiarize yourself with if you know, if you are getting any of that optimism, token, it could be a fun thing to to check out later on. [00:02:05] oh, I moved some money in and out of it, but I don't know if I did enough of the checklist for I'm on. [00:02:10] like the app. I can't find it, but I'm the I'm excited and, you know, we kinda knew it was coming. Well, we'll say, have you checked if you're getting any, [00:02:17] Yeah, I did. And I did qualify. So I'll say I'll get the link for so you can check this here and you can connect your wallet or put the or put another wallet address in and check that. And we'll put that in the notes. So it's exciting. [00:02:30] I drop into our discord. You'll go, well, we'll put it there and I didn't get any, I didn't, I'm not eligible. I didn't do enough. Only two transactions. I didn't go vote on. yeah, optimism, user repeat optimism, user download or multisig centers. Yeah. Donated to get coin and priced priced out of the theorem. [00:02:48] I don't even know what that means. Anyway, [00:02:50] yeah, it was, if you've moved it, if you've moved east to other layer twos, if you've used polygon and stuff. So there were other bonuses in there. Another note here is that they announced this will be the first airdrop. They do have future airdrops plan. So if you did not qualify for this, you know, not worth just It will maybe worth still using the network to qualify for a future one. [00:03:11] I think that's a great model actually, to reward people that have used it and incentivize new users. I think this could be, we're going to see a lot of, of airdrops I think coming up with these layer twos they've had a good discussion on this on bank list on the potential layer to. Wars and how they may use airdrops to incentivize usage. [00:03:34] So you know, I think it's definitely worth taking a look at you know, if it's, you know, I'm willing to to take some of their, their marketing spend as a user and, and give them a shot. [00:03:44] Yeah. And just to be clear when we talk about layer twos, I guess for the most part at the layer two is something built on layer one, but in the context of what we're talking about right now, it's layer two is built on a theorem specifically. [00:03:55] good point. Yeah. Especially on this episode is we're talking about some, some, some new things. Let's a it's a generally a much cheaper network use and Ethereum much faster. They use optimism in particular roles up many of these transactions. So they combined them into one. And then confirm these in one transaction on Ethereum, so that you get the security of having it on the Ethereum network while reducing the fees that have to be paid. [00:04:19] In optimism's case. Case the fees that you still pay a fee, there's still a big savings. So the savings that they take are put into the the public public goods portion of this, they, they use the funds to pub, to The fund public goods may S basically meaning developers, building different tools that could be used by the entire network and that are kind of needed to bring new people in. [00:04:46] So it's, you know, ideally a, a sort of a flywheel where you're using the, the funds that are saved to build new apps, bring new people in, get more people using it and increase the fees to give back to the public good society of that network. So very interesting to see here. I think we'll see more. [00:05:03] Definitely go check out if you are eligible and maybe move some ether over there, if you park and you know, be eligible for the next one. [00:05:10] Yeah, that's a good that's a good tip there. Next you have fungible heroes and if ti project signs with WME and I believe this was a past featured project of ours and non-potable heroes, right. [00:05:22] Yeah, that's right. Yeah. I thought we should mention this one. It's a, it is a past project we've mentioned. They started with, they signed with a big entertainment agency. There had been rumors of this for awhile. So there's definitely good. Seen some, some new action there. I don't know. I know a lot about what may be coming. [00:05:40] You know, I'm sure there's rumors going around the discord and all, but nothing official of, of you know, anything announced yet. But you know, we've seen some other. Collections get involved with entertainment agencies and, you know, it does give an option for for new things to come out of it. [00:05:56] You know, whether it's in film or some sort of you know, I don't know if more of a online entertainment thing, you know, that seems to be the, the play they've been going here. They published a comic book recently, and I think they have plans for another one. So could see it going that route as well. [00:06:12] Yeah worth taking a look at the floor for non-refundable heroes. The gods is at 0.07 and unfundable heroes is 0.09. If I'm reading these numbers. Right. So still in the range of affordable, but we'll be going through a spoiler, our affordable project. Keep us honest, or we're going to meet backtrack on some of those pieces. [00:06:30] So you just got your update on the. We jumped on it early. [00:06:33] Yeah. [00:06:34] This next one, this next one breaks my heart. [00:06:37] Oh, this is a tough one. So we've got a, let's see the acoustic dreams project launched in minted and it was already priced at the bleed out for Eve to get into this. It was the act Utah. Several years actually to our dreams. But anyway, there's 34 million spent on this. They were trying to do a true Dutch auction that would allow everyone to pay the same price. [00:07:02] Everyone would get everybody that paid over the final asking price would be refunded. But unfortunately the, it was not coded well. And. There's 44, 30 $4 million essentially locked away that nobody can access now. So that was the refund or I'm sorry, it's not the refunds. It's the total that was taken in by the, by the project I believe. [00:07:23] Is that right? George? [00:07:24] That's correct. In terms of the smart contract and just the guitars. This was a 3d avatar project based on Akio the original character created by a former major league baseball player, Mike and Johnson. Was inspired and thus then created a character who is a young black boy that dreams of becoming an astronaut inspired by an actual question he got from his nephew. [00:07:47] So it's like a really great story narrative here of someone bringing certainly a different perspective and audience into the land of NFTs and then a poorly coded contract. Some of the details of that, I think I almost understood it was effectively that they. You know, expected to unlock after X number of transactions, right? [00:08:07] So there's going to be 5,400 whatever transactions. And that didn't account for some people that I don't know, minted more than one in one transaction minted, two mints at three. So they never hit that number, but now all the things are gone, so they can't get more transactions. And so in forever lands, like there's 34 million worth of Eve burned and gone. [00:08:26] And, you know, they're, they're left, needing to, to refund and go about, you know, how, how you Yeah. So, I mean, unfortunately he Mike Johnson is a very successful, successful artist in the space and has brought in a lot through a, another, I think it's KU chapters of project. They are saying that they're going to, you know, make this, make this right. But obviously that is that's $34 million. [00:08:52] It could have been going towards the development of this project. And there was a lot of excitement around it. And I, you know, I'm not saying that it's, that it's done, but it's certainly a big challenge. And, you know, it's really just to pad to see because it's, you know, it is a, you know, it was a poorly coded contract, but regardless it's a, it's an unfortunate outcome. [00:09:09] Yeah, it's just, you know, we were talking about, it always seems like there's just so much news going on all the time. And I think that's in large part because we don't talk about. errors that happen in web two, we don't talk about, oh, you know, such and such, you know, site that no one really cares about wind down. [00:09:26] You're like, all right. Yeah. Went down. It was some errors. However, in web three applications, when you make a mistake, it means that your drop can literally burn millions and millions and millions of dollars to a level of which gets to a newsworthy piece. So every week it seems like, you know, if there's a hack, if there's a mistake, The stakes are just much higher in the land of what? [00:09:47] Three. [00:09:48] Yeah, the big stakes here and yeah. Always try new things and there's a danger with that, but why don't we run down some of our past affordable projects? You know, we mentioned one here already, but I think we've got some new things to, to get onto. [00:10:04] We do. So we will try to keep this somewhat quick because I'll just be honest. It took me like, I just buried my head for a month and I didn't have the time and energy to go and update the, like, you know, 60, some odd projects that we've got in here. But overall here's the game, right? We're we're tracking the date of when we actually had it on the podcast. [00:10:21] So then it's the assumed you by the floor or whatever our note is. And then you just held it. We don't even have like, oh, you sold it at its peak. Maybe we can go back and be like, oh, if he had perfect knowledge. But it's just, if you had bought it and held it. And so the total gain would have been 2.5 eith a gain of 144% on your overall piece. [00:10:42] So it's kind of, you know it's interesting and it's fun to look at. And also I think it helps me just look at it and I think everyone should do this themselves. Every time you look at a provider. Oh, I think I might buy this. I think I might buy this and we'll get this into some of our tips, like keep a track of it. [00:10:59] Cause it's very sobering. When we look back, we're not going to cover them, but there's some, you know, there's some misses in here and we, we aim small, Ms. Small, but we also invest small. So we lose small. And I think that's an important framework for, you know, all about affordable thinking. And so that said we'll go into. [00:11:20] Nifty Lee DGN. This is down off of its peak currently at 0.33, when I looked at it I don't know if there's anything new with regard to like comics we talked about that came out or pieces they're working on their. [00:11:33] I haven't heard much newer to them. It's not one that I'm very excited about at this point. I sort of moved on with that one and, you know, I think we've seen a, I don't know, we saw them try out the plater earn model and it definitely had some excitement. I think we've seen I don't know a lot of people move on from this play to earn excitement. [00:11:53] Not saying it's done, but it definitely isn't. As high in article's list. And I think that nifty, we be Gen-Z is sort of one of the other people that have tried this, and it's going to be a challenge. You know, we've talked about the challenges with, with these gaming things anyway. So it doesn't look great in my opinion, but who knows? [00:12:10] It could turn around. [00:12:11] You really don't and I think there's actually a really great lesson here of any game promise in a roadmap because they actually delivered the game. I went and played it. I moved my little character around and I bounced off the walls and it was amusing. And then I was like, do I really want to play? Like, I'll just be honest, a flash version of a game of me running around. [00:12:30] Or do I want to go jump on my Oculus and go do something more dynamic? Yeah. No. I think the brutal truth may be that, you know, layering in a web to game with your avatar running around. [00:12:40] in a, in an interface is like it's fun once, but does that really drive utility with a capital? I don't know. But we're both still holding at that's a quick summary there running down the list I say with Zed, they have a token drop coming. [00:12:56] The snapshot has already been taken, so that may open up a whole lot of new, interesting pieces of the price of courses is hilariously low. The legendary Nakamoto that I would have recommend you getting would have lost you point to eith. So I'm sorry to anyone who took that advice, but I think it's important to note that. [00:13:15] Long Zed, but I think I have to make it much longer. We had the sandbox in here which is up from one where it recommended it. But as down, certainly from its high, which is interesting to watch the sandbox come back down. So it peaked when we were tracking it, you know, about 3.3, I think it got up a little higher than that. [00:13:32] And it's currently trading at 1.6. You know, we talked about the sandbox land and that land issue. You know, as, as number go up when it comes to number of land plots, other things go down and in terms of price what's next, when you want to talk about Andrew [00:13:46] You know, we we've got some that we've just recently mentioned on here, so I don't think it's worth getting into those. Let's see. Red [00:13:54] The stars. I have a stars has been up and down and that's one that I keep looking at because I think it's one that well, I shouldn't say even up and down, it really hasn't moved all that much, you know, because it is such a low price, but I think that is you know, that's a relatively good thing for a, a project that is still. [00:14:11] Ricky reputable. So I dunno, it's still one that I keep coming back to and think maybe, maybe that could get some more attention at some point. [00:14:19] Yeah. [00:14:19] see they're out. But when it, yeah, you're right. When we look at this, there's a lot of things that just aren't. You know, they are great. And I wouldn't recommend them at this point. [00:14:28] In many cases, you know, and, and you know, I think that's something to kind of keep in mind and you know, how many of these projects are just, I don't know, lingering aren't going anywhere. And I think we have to kind of keep. keep that in mind as we go forward and picking projects, you know, are these things. [00:14:45] And I don't think that we're usually saying they're likely to take off, but you know, is it worth it at some of these with some of these small projects? And it has me thinking a little bit more. [00:14:55] Yeah, it's again, it's great to sort of look at it in the rear view mirror and maybe we'll go next time and say like, you know, would you still look at it? I made notes in here for that. I would say one thing that I've seen moving a little bit is the the Wagner w GMI, the, that sort of access to a tracking thing that we frankly love. [00:15:15] And. 0.3, three, last time I checked and you know, that, that was an interesting interesting one because it has utility. And also we're looking at utility in the sense that maybe as more. [00:15:27] people jump in and need to track more projects might be a play, but there's a lot of those coming out. I'll say in terms of, Hey, finally, a way to look at all of your all of your portfolio. [00:15:36] Yeah, I think that's that's good to keep in mind. There are, you know, just because something is doing something now you've got to remember, will they be the ones or will they be the only one doing that? Will they be the leader in that area? And that's something that I'm trying to keep in mind going forward here. [00:15:53] Know, maybe we could get into some of the discussion in another, another episode, but, you know, I think if it is good to look back through this and see, you know, what has you know, what has been a success, what hasn't. And I think it's, you know, we'll also get into some of the, our rules to keep in mind when you're doing this, because, you know, you've got to know your timeline and, and understand what your, you know, what you hold and, and kind of what you're looking for out of the project. [00:16:18] And in many cases, [00:16:20] Yeah, last one. I'll say, cause I could go on for, I mean, I actually keep up on a lot of these, but I'll, I'll leave it with human park actually had their drop, which was a really cool interactive metaverse type of style coming out of the land of. Zed, but it's a different project being run by that, that studio over there. [00:16:37] But the floor is currently pointing to three, five, but frankly was zero. They dropped it for free. All you had to do is design one and they sent it to you. So, you know, the cost basis can't be beat. And I also think there's something to be said for the original batch of these nudes as they call them these avatars that are part of the original batch. [00:16:56] And so it's still affordable if you missed it. I still think there's a window and they have a, a pretty impressive. At a pretty impressive start and roadmap out of them. knew that you would not throw a dart out here. Should we get into it? [00:17:07] I think let's get into our rules, our seven rules of jumping into NFV fees for all those new collectors coming in. Huh? [00:17:16] Okay, let's do it. Number one, be aware of scams and rugs. We talk about this quite a bit, but this means to me that when you are looking at pressing mint or pressing buy on whatever platform you're looking at, you should double check the site. You should. Double-check the discord official links section official links section. [00:17:34] You should go on to other platforms, other NFT platforms, and just confirm that that collection looks like the collection that you're buying in. And always assume the first thing you have found when searching on open seat is a scam because the scams are literally optimizing themselves to show up in that feed. [00:17:52] I think that's a good number one. [00:17:54] Yes, scams are everywhere. Everywhere. Don't click on links ever. I mean, [00:18:01] Don't trust us, Trust us, [00:18:03] trust there. If I don't trust there, if [00:18:06] trust, but verify. [00:18:07] know, really verify, you know, make sure that you, so there's a lot of things you can do. You can look at the contract. If you're trying to admit something, get the contract address, go into ether, scan, put it in there. [00:18:18] If you like, this is, if you don't understand what that means, don't mint. Don't mint. Okay. If you do make sure that you're looking at the current. Address and just check that there's actually activity there. That's a big, big, a very easy way to just see that it is a valid contract. And if you aren't sure in any situation, I mean, there's situations where you're getting the link directly from discord and you see it as official links and it matches up with everything else. [00:18:44] Well, you just do it three times, but assume that there's someone trying to scam you every time you do something and in NFTs, [00:18:52] Correct. Yeah. Check the domain you're going against. And so even after saying this, you're probably not checking enough. Number two, ease in hot wallets is risky. What do I mean? The amount of ease that you're carrying around in your wallet, in your hot wallet, while it just means that the thing that you're using to authenticate on different sites, we know we talked about web three applications, like. [00:19:12] Is if that can be immediately quickly accessed, anytime you click a click, a contract. And so that, you know, one thing could be gas accidents, meaning that like, oh gosh, my gas I had, I was playing with my settings or it's a, it was a weird time to buy something and gas was absurdly high and was like twice the price of the thing I was trying to buy, but I had to buy it so quickly. [00:19:31] I just clicked because we're trained to click quick. And so one of the things that can save you and does it happen to me is like, I don't keep much in my hot wallet and I accidentally pressed the thing that would have been an extra thousand dollars in gas. And like had I had that in there, it would have cost me that much that transaction would have gone through. [00:19:50] So I actually deliberately keep a small amount or a smaller amount of E in my hot. Just for that sort of, you know, to thine own self be true. Cause I clicked quickly. The other mentality piece here is that having Ethan in a hot wallet is kind of like running around with chips at a. You're just a little bit more like likely to quickly put it on black by this quick thing you can FOMO in so fast. [00:20:15] Oh, it's right here. But if you have to force yourself to move from system one to system two, thinking, meaning you take more than 30 seconds to think about it. It can, it can force you. So think about that, that kind of difference. Any other nuance on this tip? [00:20:30] Yeah, I think that, I mean, that's like in part is, is good. Just a mentality that you don't have it right there available. It takes a little bit extra. He even takes maybe some, some gas to actually have to move it, not such a bad thing. And just separating things, you know, even as a, you know, putting it all in one, one. [00:20:48] It means that if that wallet, if something happens to that wallet, you're really at risk having five separate wallets, not such a bad thing. If one does get hacked, not saying that, you know, you want one to get ever get heck, but it is, you know, it's a way to, and to help help keep yourself a little bit safer. [00:21:06] Okay. Number three, pretend to buy your first three NFTs and see how they would have done do your own. Keep your, you know, keep yourself on. Hypothetically do it. You know, when I was when I was a kid actually like I think some of us had this like go, you know, you had this pretend stock, stock picking and stock market where you'd like, pick your thing and track it. [00:21:27] I think you should do the same thing and just realize what would have happened, you know, give yourself a budget and be like, I'm going to hypothetically, you know, start my own investment thing and I'm going to put three down. I'm going to put one eighth into it and then see how you would have done. And I think you'll realize like, oh my gosh, if you just get rubbed once you're like, well, this is interesting. [00:21:44] What did I miss? What did I get? Right. So I would say play it as a game first before you play it with with real, with real stakes, if possible. [00:21:52] Yeah, absolutely. I think that is, you know, it, it helps you to understand where you're buying it. Are you buying it at the right point? Are you just doing it? Because it was pumped by an influencer at the right time, or you being somebody else, you know, are you there exit liquidity as, as, as often said, you know, you don't want to be in that situation and learn if you are following the right people. [00:22:13] And that is, you know, that's not easy to say who the right people are. It takes time. I would say to, to understand, and I, I don't know. On social media, but who are you looking at? Who are the people that you trust in the space and go slowly because you know, the people that are worth trusting, aren't going to make it are generally going to just show up and tell you that it's a FOMO event. [00:22:35] You know, and maybe that's getting into our next one. Here is FOMO certainly plays a part in this game. [00:22:41] I think for FOMO, it is, it is the currency. It's the emotional currency of a lot of these projects. And so one thing to think about anytime you're about to buy is consider the opportunity cost of that money. Let's say you're going to mend something for 0.3. Well, look at least several other projects that are out there. [00:22:59] That what else could you get for points? You know, could you go and get an avatar, look through our affordable list and be like, there's still some stuff there that might be worth shopping. It may not be as hyped in the moment. It may be in a cooler sort of state in terms of launching what's going. But I would say, look at look at that to tie it, try to tamp down your FOMO. [00:23:20] I know for sure this would have helped me so much. If one of my rules is just like, before you buy, what else could you buy with this money to spend five minutes? Well, and then suddenly it was like, oh, because what's going to happen is you get sucked into another rabbit hole and then you get to like compare next [00:23:36] that's a good point. There's always another collection. There's then there's another one coming. They're making more of these things. There may be some rarity to that in that collection in itself, but there's another collection coming and you can keep your teeth ready for that. [00:23:50] No, your timeline, just going into a project. Are you going to hold all this thing or photo of this thing? I mean, fold for dear life, you know, you're just trying to flip for deal life or hold it. So it's just a mentality and just acknowledge that. [00:24:01] upfront. I can, I can say I make the error of getting into a thing and then getting too attached to it and not flipping it when I probably should have. [00:24:09] Yeah, I think that's really. And to put in there, you know, are you trying, are you looking at this as a short-term flip, are you looking at this as something that you're ready to hold for, you know, for a year or longer and try to understand that when you're buying it, because it really, you know, if you do think it's a short-term flip and the price goes wrong, you know, maybe that is time to just go ahead and get. [00:24:28] Quickly because it's not one that you want to be holding for it long-term at that point. And you know, it's too bad, but sometimes you do have to do that, you know, on the other hand, it's I like getting into ones that I'm much more comfortable holding for a year. And oftentimes those. Going to appreciate quite as fast for whatever reason they're there. [00:24:48] They're slower. They aren't the quick ones. It seems, you know, we do see that momentum plays a big a big role in NFTE. So those longer ones don't always get that that same mentality from everyone. [00:25:00] next one. I have. Come up with your own rubric, consider what your rubrics is. The checkbox of that you have, we have a checklist that involves judging the team, judging the community, the art and the utility, some combination of that saying, okay, there's a balance here. And sometimes it's weighted toward one or the other, but come up with your rubric of what you think and then try to apply it and just acknowledge that like, oh, this checks some of these boxes, but maybe I'm compromising on the team, which is not done. [00:25:29] Okay. That's minus one. So, you know, have some fun and develop your own methodology. [00:25:34] Yeah, absolutely. And think about how, what you also have, you know, you don't need to obsess illegally, double or triple down and have different the same, or have collections that are doing the same thing over and over. If you, if you have some that are much more focused on art, you may want. And I've made a better portfolio and have some that are more utility-based, you know, and start thinking about those. [00:25:56] But I would say, always look at the team behind the project, no matter what that is extremely important. Look at that team. We've talked about whether docs or undocks is the right way to go. There are, you know, in most cases we believe docs is way better and certainly having a, a track record of success. [00:26:15] Pretty much a requirement. So look for these things and no matter what you do, make sure that it's a team that's going to stick around and be at this. [00:26:23] Love it. And you got a number seven for us. [00:26:25] Yeah. Well, I mean, maybe it's just putting a lot of these together, but slow down, you gotta slow down, be aware of the hot tips. There's people telling you things that are, they are telling you this to get you to do something in the moment. Feel like you got to go, go buy that right away. Cause there's only so much time. [00:26:44] And it turns out at the same time they're actually selling happens all the time. Be careful and really slow down and think, is it something that you want to hold? You know, as we've mentioned, is there another option out there? Most of these collections are going to go to zero. We're going to see if there's, there's going to be some big winners. [00:27:02] We've seen some huge winners and we've seen some, some mediocre winners and we've seen so many scams and some, so many legit projects that just aren't going to make it and it's too bad, but you've got to know that and be. Just be wary, slow down. Take your time. [00:27:21] Yeah. And I would say even, not even the malfeasance there, cause it Can come from a friend who's intends to hold, but here's, here's the, the social nuance of somebody giving you a hot tip. It means that the project is getting toward a boiling point, a tipping point, a social proof layer that enough people have told a friend to tell a friend. [00:27:40] That, you know, not saying it's a Ponzi scheme, but there's a point at which that falls off the edge and new buyers aren't coming in. And so if somebody is giving you this sort of excited tip, like, oh, go do this thing right now. How many people you have to just realize, have been told the same thing prior to you hearing us, which means where are you on the hype cycle of this project? [00:28:00] And a lot of times I've found that even I'll just shout out to myself when I've gotten really excited about a project, that's like hype, it's like pumping. I'm like, oh my God, everyone's talking. Yeah. I'm not the first to know. I'm not the one who knows at that level. I'm usually when I'm the one, I'm the one who gets it. [00:28:16] Right. Like even with the gray boys, I just got lucky. I threw a dart at that and it would probably be like, we're going back to that. One of the better hits. But I got lucky with that. I didn't know anything. I was like, I guess like, all right. If that thing goes up, that thing will go up. I didn't know, in the moment. [00:28:29] So keep in mind. If somebody is excited saying, you have to do this now, it probably means 1700 other people have already followed suit and you might be at the like price you. [00:28:41] know, price, inflection point, which is a dangerous place to play. [00:28:45] Yeah, that's a good point. No, that you are generally not the first one to hear the news. So there are other people playing on that news and selling on the house, on the news, on the room or whatever it may be. We know that a hype is a big thing in NFTs. And the news when it is delivered is often not, not so not so good for a pro projects, Bryce. [00:29:06] Well, that's what we got for you. We always remind you in the show closing, but you know, don't risk, which you can't afford to lose. Andrew. You said it most, I will say it pretty confidently. 90% of the projects are going to go to zero. And even you can look at our, our list are our scoreboard. You can look at it. [00:29:25] We kind of know a little bit about this stuff, I'd say. And even still with us throwing darts that are somewhat informed as best we can look, we, we missed on some of these, you know, they're, they're down, some are out. But it's fun. So keep in mind, these are JPEGs on the internet that we call web three, Andrew. [00:29:46] Thanks for helping us with this. [00:29:48] All right. Good talking, George. [00:29:51] Good talk. Good luck out there.  

Theme: Centralization often cited as crucial differentiator How does KYC fit into distinction? In many cases, “decentralized” orgs have a controlling number of tokens held by a small number of people Wallet as authentication vs login/social as authentication. But discord still the main avenue of comms.  Affordable project: Rug Radio - Genesis NFT - Collection | OpenSea  NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Yuga Labs Shares Important 'Otherside' Metaverse Launch Plans  Bored Ape NFT Instagram Hack Cost Token Owners $3 Million - Bloomberg  Days After $66M NFT Drop, Moonbirds Executive Unveils Fund - Crypto Briefing  Rough Transcript [00:00:00] Today on all about affordable NFTs. We're talking about what the difference is between web three and web two applications. It sounds pretty obvious, but there's some nuance and some important differences. That'll be fun to tease out. Also a quick, thanks to our discord for letting me know that I accidentally uploaded a blank episode, just get air. [00:00:23] So I appreciate that. And [00:00:26] again, if someone is listening, I thought it was maybe a little test and you know, it's good people, somebody did check and get back back to us. So yeah. You passed the test listeners. Thank you. Or congratulate. It's [00:00:43] good to know that we're not just talking to each other, although I probably just did it because it forces me to do research and pay attention and kind of put things out there. [00:00:52] So what's going on in the news. [00:00:55] Yeah. We've had some awesome big news dropping recently. So the rumored other side launch coming from UGA labs, which is yugas land minting. So there's a hundred thousand. Plots they've released some more details about this. Previously, there had been some details leaked from a pitch deck, but some more details confirm now, so this sale will happen on our let's see, by the time we're listening to this, let's see. [00:01:24] I think this may have just happened in my rate, George. [00:01:27] Well, we go, this'll be, there'll be listening to this on for [00:01:30] ride. Okay. I'm sorry. This is, this is coming up on Saturday the 30th. So it depends when you listen to this, but it is on April 30th and it's a hundred thousand. Land's going to be praised in ape. [00:01:42] There's no specific. Announced yet, but it is a Dutch auction. There's rumors that it may start around one eith worth, although I've heard two or three eith worth of Abe token. So we've seen the praise of ape climbing recently. I think it's up near 18 or so last I checked. And I think it will have a big impact on the on the NFT market as a whole. [00:02:05] You know, it's, it's one interesting part to this is that. To be on the wait list for this, you must have filled out eight or completed a KYC know your customer application. And this was something that wasn't clarified when they released that. There were a lot of rumors that may be holding other projects, such as a world of women and crypt codes and some of these other projects that were shown in their other side video that those might give white lists opportunities, but instead it's actually for people. [00:02:37] Are filled out the KYC form successfully seems that they are really trying to limit this to one per person, you know, much harder to to fake a person when they've got to go through a KYC process. [00:02:50] And for KYC, just to be clear, that also means that they are obliged to report on any tax. Information or it's [00:03:00] unclear what it's unclear, how they're doing that. [00:03:03] Because one interesting thing here is that if you're a board, eight member board, a holder or a mutant NAPE holder, you don't have to do the KYC process. So you don't have to go through this thing. So I'm not sure that it's going to be. Necessarily reported, but you know, they will have that information. [00:03:20] And, you know, we've seen countless situations in both, you know, web two and web three, as we're getting to have plenty of hacks and data leaks. So, you know, there is some concern and, you know, some, some pushback from a lot of people in the NFT community that prioritize more of the decentralized maybe anonymous way that a lot of people, our age, or a lot of collections are able to allow people to get involved. [00:03:45] I feel like there's a future episode where we talk about the like pro-con KYC ethos versus like, let's just be honest. This is a $5 billion company operating in large part in the United States with people that should be maybe paying taxes on massive gains given. Board , you know, like, I mean, not saying that they aren't by any means, but I could imagine a legislative body looking at a $5 billion valued company with that type of lens. [00:04:13] Interesting. Are you going to be, you need to line it up for the Lakeland [00:04:17] or what, what are you thinking? No, you know, I don't, I did not go through that KYC process. So I'm not on that white list. I do have some ape token and you know, I think that that's still could climb a little higher there. [00:04:29] There's a lot of excitement and you know, it's hard to hard for people to really bet against you to go at this point. They have, they have yet to miss on any of their mints. And while it seems like a lot of land and I'm not a N I'd be hesitant, even if I were on the wait list. I not ready to bet against them. [00:04:45] Yeah. I will. I'll I'll be sitting this one out, as I said on discord, I, I missed the UGA train and I try not to jump on trains that have left the station. Cause there's one leaving. Every month, it seems. But I agree with that summary speaking [00:05:01] of [00:05:01] this one was a big one. They, they had. Instagram account hacked. And there were, they, someone released an announcement that they had started the other side meant early and looks like how much was taken here, [00:05:17] $3 million. And this is like, this is all, it took a couple of quick posts on Instagram to trick people into a fake site, hook them and rip them. [00:05:28] Uh that's that's it right? Like the, the costs of. Social media security. Speaking of web two has a, has a different level at this point because of the quick access to capital hidden in wallets, locked in wallets, easily accessed. Once you sign a con. [00:05:46] Yeah, it doesn't seem like there's many, many NFTE projects doing much on Instagram. [00:05:51] So I would be at this point, be wary of any links there, especially things that seem a little too good to be true, but you know, it's hard because that is the The culture that we're breeding to, to jump and then ask questions. Right. And it can be difficult at times you have [00:06:07] 10 minutes to sign this thing. [00:06:09] Oh, you missed it. Oh, too bad. Oh, you have, if you see the sweet, you have to act now. Okay. Now look what's to say that, that Twitter account, like something just Instagram what's to say that Twitter account isn't hacked or the discord I'm actually in the land of a peg ACCE. I really respect the team. Cause one of the things that they do. [00:06:27] I think every other month or so they literally post in their announcements channel, something designed to like fake hack or white hat hack their audience. So recently are coming out with this, like download for a for racing the actual Pega on your mobile app. So it's like a mobile app download and they just created a spoof site and then they just announced it. [00:06:47] And then they come back and say like, if you went to this, you were just hacked by us. You weren't hacked. You could have. Never follow links that don't make sense, pay attention. Right? Like they did that, [00:06:57] Amanda with a bag of bones or something. Right. We've seen that way back. [00:07:02] Oh boy. The bones. Yeah. Right. [00:07:05] But I think there, I think that it's something that I think some of these projects should start. Sort of steel Manning should white hat hack themselves should really protect their audience in a, in a deeper way. And I think overall it might even lead to deeper trust and a smarter community because we are still in the beginning of new people, learning what it means to run around with a, with a hot wallet on. [00:07:26] Yeah, absolutely. So we've got another big, big money story here after a big mint. And I don't know you want to walk us through this one, George. So the [00:07:37] title coming out of crypto briefing is days after $66 million NFT drop moon birds, executive unveils, a fund. And I guess that's like a nice way of framing it. [00:07:47] Different way to say it. I mean, it is a factual thing of what has happened here. Not much opinion there. So this is the COO of the proof collective who, and they just had the, the mega successful moon birds drop went up to close to 40. I think it's now a floor of about 28 or something last I looked, but yeah. [00:08:10] And we talked about it a bit, how much money they brought in right away and over 15 million just in secondary royalty fees. And that was after this. As we mentioned here, $66 million drop. Oh, boy, I have to [00:08:23] say we were hanging out and talking unrecorded and believe it or not, we speak to each other on recorded and I have to hand it to you. [00:08:29] Andrew, you literally told me this. You literally said, look at the history of both of these guys while they have incredible, you know, knock it out of the park home runs. They also start and stop and start and stop things. They're serial entrepreneurs doing a lot of things and you kind of like question the long-term conviction of them. [00:08:46] And I was like, yeah, yeah, sure, sure. As like a risk factor when we were talking about. You know, should we jump in at an absurd price when, when it launched? I just can't believe how quickly that sort of premonition came true as Ryan Carson is now moving on to launch his NFT focused fund called 121 gigawatts, not a bad nod to back to the future, not a bad nod, but like immediately leave as like there's a reason they saw two power players working together on a project, part of the perceived value. [00:09:17] That fact that, you know, his name was involved with it. Now it's still, Kevin Rose is still an awesome, it's still very strong project, [00:09:23] but to be fair, I think more people were interested in Kevin Rose. Then more people were aware of Kevin Rose passed and then Ryan Carson's, he's been kind of put into the spotlight by Kevin Rose and by this, the success of the proof project, I would say It's still, you know, it's still just, it's not great to see a team split up that quickly to see someone. [00:09:46] I mean, the fun sounds like it's very going to be doing very similar things to what proof and to what moon birds is already promising. So, you know, it's, it's also a competitor in that sense and, you know, it's, it's I don't know. I think he said that they're already 80 people in interested, but there were also required 25 each for four consecutive quarters. [00:10:08] So that's a hundred eith you know, this is that's huge, even compared to the floor of the moon birds, you know, and you know, not a great look at the very least not great timing. You know, it was also interesting that he had put a quote or a tweet out asking for someone to put together a one-page website for him about seven hours before he announced this fund. [00:10:28] I'm impressed. He was able to get it done that quickly, but generally speaking, not I wouldn't say that's a whole lot of forethought to launching that project, so I'm sure there was a little bit more going on behind the scenes, but I don't know. I it's it's we'll see what happens to move birds here. [00:10:44] It's definitely going to be a challenge for them at the, in the short-term. [00:10:49] Yeah. I feel like I'm as we talk, I just have other themes. I would love to talk about like the, that just spin off of this, the number of people that were already like quasi calling moon birds, a blue chip, anything you're like, we got to redefine that. [00:11:06] So I'm going to parking lot. What blue chip actually means how it's being missed freaking used and how it definitely shouldn't be applied to something that has been live for seven days. [00:11:16] Absolutely. Yeah. Yeah. I think price is often too too much correlated with what makes a blue chip collect, writing it down right now. [00:11:25] That's a good one. George. We'll come back to that. All right. Let's move on to our affordable project while you write that down. I've got one there this week and you know, it's one that I wish. Recommended a couple of days ago. Cause it has, the price has moved a bit on it. But this is rugged. Radio is a Genesis NFT there. [00:11:43] I believe the floor is sitting a little above 0.3. It's been hovering around a bit. It had been down under point. Under 0.2, five a couple of days ago. So it's picked up a bit. Although it's still down a lot from where it once was. So rug radio is a decentralized media company, essentially that is producing very NFTs, but it's mostly. [00:12:08] Focused content. They do a lot of Twitter spaces in various topics at various hosts that do different shows and let the users produce the content. You can get these Genesis NFTs, and then they have a membership NFT, a different collection. Of course the Genesis is is the higher priced one and it yields a rug token each day that you hold it. [00:12:33] There are various levels in there. So you get different amounts. If you, I can't remember the exact amount, but once you get enough of the rug token, you can exchange it for a rug, Dow tokens. You can become a member of that Dow. They do have some big names that are involved with this. Keith Keith Grossman from time magazine is he has a number. [00:12:54] He hold a number of them and is also on. They're thinking what they call it. The council there, a few, other of the big NFT collectors and investors are involved in the project as well. I, I listened to one of the shows, almost every weekday, and I think that they are live shows, [00:13:14] right. You can't listen to it. [00:13:15] Exactly. That's, that's a, that is a not great right now. They do have plans to change that. So they want, they are, you know, they, they are changing that around. I don't know exactly how they are going to do it. If they're going to do a podcast or what they're going to do, but they're going to have more recordings because the Twitter space. [00:13:31] It's not great for listening to a recording. They do record some of them, but it's still a pain. You can't even set a, you have to set like a reminder for each one. It's not great. They still get a lot of people listening to it. They're showing up daily and there's a lot of people showing up daily and doing the work. [00:13:46] And I think that they are going to continue to do that. And I think they'll be able to, to grow the listenership over time by making it a lot easier to act. At least I hope so, because if they can't do that, then Twitter space. Well, who knows, maybe Twitter space has improves. There is that possibility. [00:14:02] There's [00:14:03] great tweet at Elon Musk and he'll handle [00:14:05] it. He's yeah, I'm sure he'll get his features. And if you have anything to get a problem with your Tesla's same thing. Yes. Just tweet them. I'll put Twitter thread. He'll he'll get right on it. So full disclosure. Do you have [00:14:18] any of these? I do. I have one of these and yeah, that's it right now. [00:14:23] I am still looking to maybe pick up another price, definitely moved a little faster than I anticipated, you know, it's, it feels like that's been happening to me and some of these projects recently, but that's a good thing. I'd say if you're yeah, it [00:14:37] looks like there are a standard scare scarce, one rare to rare one. [00:14:42] So there's. Places. I have no clue what these things mean. The art's cool. It looks like a rug with images on it. It's a. I will also say I actually own rug radio pass the membership pass. I picked up one of those for fun. I was like, yeah. Why not press on that is 0.059 as I'm talking about it. Now that [00:15:00] is another affordable option here to look at. [00:15:03] I don't know. Count that as the same project or not, but I think it's worth looking at both these and I wouldn't jump immediately necessarily you know, look for a good one. So the, some of the differences in the scarce and rare attributes there, they will, they will yield different or. The more rare ones will yield more of the rug tokens each day. [00:15:26] So there is that if you think that you will be holding these longer, you know, I, you know, getting more 10, 20% more per day would be worth it. But you know, that's the biggest difference I believe other than the rarity itself. [00:15:40] So it's kind of funny. I picked up the. The membership pass. Cause I was going to potentially fill out a info for submitting our podcasts, like as a feed to syndicate there. [00:15:50] And then I was like, oh no, we're not doing this live. And I was like, oh, I just want to syndicate episodes. We'll do a different intro outro. Would you be up for that? [00:15:56] Yeah, absolutely. Yeah. All right. [00:15:59] Well, if you're listening in the future on rock radio, here's, here's where it happened. All right. So I'll put that on the list, but I I'm not alive person. [00:16:07] I just want to talk about what I wanna talk. [00:16:08] All right. Should we move on to our topic? So the [00:16:12] topic web three verse web two, just to set the stage web two, we're essentially talking about the macro social layer of the internet. Web one was the like, Hey, let's put up a bunch of brochures that can be accessed on line that map over IP addresses and that whole like initial web. [00:16:31] And then we get the social layer of the web is at least how. Kind of looked at web two as a, as a macro idea. And then web three is the property layer applied to all things on the interweb with essentially the blockchain running to oversimplify it in, in the background as opposed to the social layer. [00:16:50] So when we talk about apps, applications, like it is any, and all things that you're interacting with through that kind of web interface. And that's kind of where I'd sort of start the main high-level. If I can climb up to the ceiling. Social layer versus property layer. [00:17:07] Where do you take it? That's a good way of putting it. [00:17:10] You know, I've always thought of web two as basically giving users the option to, to interact in some way, you know, it gave users the option to comment, to, to post, to do all these things. And before that, as you said, it was mostly reading brochures. And I think now we've got that property level, you know, maybe another aspect of it is the potential to earn. [00:17:30] In this, in this, you know, as we've talked about it in kind of the metaverse, as opposed to just earning online in a digital fashion, I think this is a different thing you're earning from in a digital economy. That's that is more natively, digital, digital than just something that has been sort of ported over from maybe shopping in the real world to shopping online. [00:17:52] Now that's a much more. To sort of usage of of the web, I think, or of, of the internet. Although, you know, because the shopping is basically the user interacting with it in some way, but it's never, you know, you're not owning anything digital. You're not you're not really caring about digital property in any way there. [00:18:11] Yeah. You have a note in here, a big difference being central is. Usually cited as a crucial differentiator, which is like, it kind of makes me smile a little bit, because I would say for the majority of web three applications, they aspire toward decentralization. It's certainly in their roadmap, but make no mistake at all. [00:18:36] They aren't there yet. That's not to say that they're not going there and then direction. Whereas web two is inextricably locked into. To a centralized governing board of acts, a CEO that owns this, a founder that owns this many shares of public market. You name it, but you know, you can follow the money. [00:18:55] So to speak back to a deciding body like MRX Zuckerberg, or now, and Elon Musk, who's going to own [00:19:02] Twitter. Yeah. Well I think maybe this is used too much as a differentiator. I think it may be a separate issue because, you know, if you look at something like, I mean, you'd certainly say email is, I don't know, it's maybe it's a protocol, but it's, it's nobody owns this and it's this, you know, this is certainly decentralized and it's not web three at all. [00:19:24] It's a very old. Idea. And I don't think anyone would even would ever call it web three. And it's still certainly more decentralized than almost anything that we have in web three Bisa maybe even more so than, than Ethereum itself. I mean, there's that, there's more ways to, to always set email, to access email then, and I think even run on the run, the Ethereum network. [00:19:47] So, you know, there's most of the companies that he said that. Yeah. Using in this web three world are centralized. They're using their private servers. There's a lot of off-chain transactions that are happening that are private to an app or that network. I mean, you know, the biggest, the biggest marketplace in NFTs is open C by a long shot. [00:20:11] And that is a private company based in New York. You know, that. They abide by us laws. They are a very centralized company. And you know, at the same time they allow you to come and bring your wallet there and bring all your assets. And you don't have to fill out any account registration form to be able to just use the platform itself. [00:20:32] You can come bring all your property there, use all of their services and not have to have purchased anything on. You don't have to purchase them from open sea itself. You can purchase, you could have purchased them from, from known origin, from a websites, from an artist's website. You could, you know, you could have created it yourself somewhere else and still use the same the same marketplace there. [00:20:56] And I think that's a real, that's a real differentiator to me is that you can take your assets and move them somewhere else and have the, have them accessible on that. [00:21:05] It's huge. I mean, there's two pieces there and I'll just start with that first one, which is the, the right to your assets, right? GDPR, the largest, I'd say data, privacy regulations rolled out predominantly through the EU, but having ripple effects does have a clause that lets you legally demand from a company like Facebook to export or right to your data, export your data. [00:21:29] Now. You can go on and do that and fill out the form. And you're going to get the dumbest shittiest, little XML dump of your stuff that is just wildly unusable. Same thing for Google. Where are you taking that in that proprietarily coded, you know, set up just freaking nowhere. Now, juxtapose that with me, jumping from open C over to looks rare. [00:21:54] It's instant. There you go. Here. All your NFTs. That's what we see. There you go. Because it's an associated with my wallet in a unique way. They are forced to render it to the universal standard versus the universal standard or the local, I'd say, standard of data architecture. And what have you being owned by that centralized or more of that authority. [00:22:14] So that is the difference. However, There's a lot of similarities here too, when you're talking about, oh, well, email is open except Gmail has like, you know, X percent of the market search is open except, you know, Google has 80% of the market when you've had these gatekeepers, which look a lot like web two companies, by the way, sometimes it ends up going right back to some of those web two elements. [00:22:36] I think. [00:22:37] Yeah. There's certainly some of those elements that, that come through here. I don't know. And, you know, I think a big part of this is there's not as clear a distinction as everyone's maybe making it out to be. Most of these companies are going to be a blend of web to web three. We certainly aren't anywhere close to having a completely. [00:22:55] Decentralized ability to access the internet. You know, there's ISP or internet service providers are very centralized and, you know, we've got, that's certainly an issue and we've seen that, you know, you can get your access can just be cut off. So, you know, I think we, you know, we're nowhere close to make a fully decentralized internet. [00:23:15] You're always going to have to use centralized technology of some sort to access these things. And until there's more, I don't see how. We have three to go completely decentralized. You know, we've got, I don't know. We've got a very, we've talked about. A few you know, just a few key players can really bring down almost everything. [00:23:36] You know, there was a inferior API outage just recently and saw a gas get down to, I think it was about 12 away at the time. So, you know, it's you see how just nothing happens when, when this inferior API goes down because of. Everything and website, you realize upon that that mask included most, most NFTA APIs have it in some way. [00:23:57] So, you know, we are, I mean, in some ways maybe we're even more centralized at this point because there are, there's so few apps and so few choices of what to use compared to web two, which really has spawned, you know, a number of options and redundancies in the technologies that are used every day. [00:24:15] Yeah. I mean, you can look at the Apache bug that happened not too long ago where, you know, we, we are all built on like layers and layers and layers stacks of, you know, code API APIs that, that run in the background. A big one that I'd say as far as a difference, and this may seem weird, but it's like more of this like point of entry and authentication where I, in my mind, see web three apps using the wallet as the authentication, you signed something to sort of then render. [00:24:46] However, they're going to view your assets in their ecosystem. Either look at your permissions for something. Show you what you have access to, to merge or race. In my case, a lot of your, a lot of your assets versus web two, which is, you know, log in, you know, you sort of standard user password or social authentication, Google authentication type of pieces that like log in and verify via social pieces. [00:25:12] But the funny thing is where it's like, well, wait a minute. Almost every single web three project uses. By the way. Okay. So that's like very much dependent on what to social, but a platform that literally hates its NFT users so much that it reverted the ability for something as basic as a functional check on whether or not you're holding a certain type of NFT. [00:25:34] So not there yet, right? [00:25:37] No, definitely not. There. I don't know, you know, I think it's hard to get there. I'm not sure if that is, if it's just a dream that everything can really be fully decentralized. I think it's great to have options and the option to bring your assets to another app when, when, and if you need to. [00:25:56] And hopefully that it's, it's not they're viable options. It's not just, well, you can take it like you can export your data from Facebook. You can take this in an actual, use it somewhere else. I would say that's the most exciting piece, the idea of the property layer being at the individual at the individual contract layer that I know that I have a wallet address with these assets in it that I can hold and protect and move I'll be at they only are rendered, right? [00:26:23] Like I can only raise my horses that said, there's nobody else being like, and take your ponies out for a trot here. I'm like, oh, don't mind if. [00:26:30] So, you know, that [00:26:33] may and can change. There are many projects looking at what that transportability can look like and how you can partner with these assets and play with them together. [00:26:41] And it's still very new, but it'll, it'll be, it'll be very interesting, you know, it's like, what would it have looked like in the early days of, you know, the video game world, if you could have brought Mario into battle, you are Sonic the head. And we'll get the, we'll get to find that out, [00:27:00] maybe. All right. [00:27:01] We'll see. All right, Andrew. [00:27:03] Good topic. Good theme. I think we did it afforded project, some news, a little banter, and maybe, maybe we'll even include the audio on this episode. Maybe not. People will test you. All right, we'll get dark and.  

Theme: Digital Land Scarcity  YugaLabs Otherside will include 200,000 plots. Too many? Alt model: Open Metaverse (OM) launched with plans to be open-source, let anyone build  The Sandbox gears up to raise $400 million at a $4 billion valuation: report Affordable project:  NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines:   ApeCoin & the death of staking - Cobie   Ponderware May Be Selling Off The IP Rights To MoonCat Rescue NFTs   https://thecontrol.co/the-state-of-nft-data-storage-c471c1af58d5  Rough Transcript   [00:00:00] Today on all Today on all about affordable and FTS, we're talking about digital land scarcity. So in The land of abundance or the land of and [00:00:58] seeming to dictate what price [00:01:00] something should go at, and we'll be teasing out some of the different models out there, open Metta versus versus what you know large and small projects you go labs, sandbox, and the like, or are up to. But first, Andrew, what are you seeing in Yeah. What are we seeing out here? Right. We've got some headlines here. Well, we've got this article that I think was worth pointing out here by Kobe a influencer. He's been around the, space for a long time, but he said that he had recently been someone on the. The Abe council, the, the, Dow responsible for actually issuing the coin to get their opinions on some governance staking of the parking it somewhere and earn a more by parking it there. So he. this opinion that basically the, this isn't What staking was initially staking was meant add more security to a network by having someone both the that in this case would be ape along with maybe Ethereum. [00:02:03] So by parking it there you, you're showing more belief in the coin. And that more value locked up for that which allows them to build with more confidence. So now we've got a lot that's, what's kind of being proposed with this eight point. And it's not. Certainly not looked upon all that. Well, by, by, Kobe in this, article as he's saying, there's, it doesn't add anything to it What they should be doing with this is building building more that can be, maybe build a marketplace for the for the Eagle labs. NFTs, you know, they get you, as you pointed out that he spent, or there were over 60 million spent in fees of the last year on on open sea alone. [00:02:46] So there's a lot of potential to build, that could could bring more people to the ape coin. I don't know, a more natural way than maybe just giving them a more tokens to, to lock up. So it's an interesting, definitely interesting article. I think it's worth reading through gives you some ideas of how the, the history of staking and how it's And you know, I think this, this. Ape coin a coin has potential to, we've seen it has potential to have some big influence on the NFP market. Certainly when it was dropped, it had a lot of inflow or have a lot of influence, bought a lot of liquidity to the market. and I think it's going, you know, they're trying to make this the coin for the big land sale, which we're going to be talking about today. [00:03:28] So I, I, you know, I think it's important to keep, keep tabs on what's going on in with the. [00:03:34] Well, It's incredibly smart because they easily could have just made the land sale and Eve And collected Eve. But instead, what they're doing is forcing people to buy right. Buy the coin, drive up, [00:03:49] pricing it and pricing it and eight well. [00:03:52] Yeah. Pricing at big move. Right. it's not pricing it on the P And L it's like no. an eight, which is going to drive more people to have to again, transfer that much, right. Three eith it [00:04:04] into a coin. And by the way, I driving up the [00:04:09] prices of the damn thing. So you need to get more aid coin, [00:04:12] like, you [00:04:12] know, there's, I'll tell you what, there's a few people over a few brain cells And they're doing some smart things. [00:04:18] If you're [00:04:18] like looking at it from. And economic perspective. And, you know, I think it's important to have that narrative [00:04:23] of like, you know, you're misusing defy and you're going to break things like, okay. I mean, [00:04:29] it's, you know, it's got to function and it's being extended. And so it's kind of [00:04:34] interesting to watch people that are older in the sector would be like, oh, you're, you're doing it wrong. [00:04:39] That's not how you're supposed [00:04:40] to use defy. I kind of see a little bit [00:04:41] of that and ringing, Yeah, I I don't, they didn't see that as much. I, think that there is a, there's a lot to be said too, you know, rather than just admitting that lock up a token, you know, say they're not going to sell the token. And there's, you know, he values that well, I believe he had it at $7 billion or so if that's $7 billion, could it be. Could be deployed in many ways to bring people to the ecosystem rather than just emitting more, which is also diluting anyone that doesn't do that. You know, So there's a lot of a lot of mechanics that go into it. You know, we're, I don't know, we've seen, you could be quite successful the way they've rolled it out, rolled far. [00:05:21] So well, I should say this isn't technically yoga And you know, it is heavily. Influenced by the UGA team. So, I, you know, that's, that's a question that he you know, brings up as well as, you know, the fact that there is there's some lockup on the tokens by the investors team, but [00:05:40] And there's an unknown lockup. is just like discloses, like, and an has got lock [00:05:44] up. And it's very important if you're playing this game to understand when those [00:05:48] cliffs are. [00:05:49] Right. So there's not, not all of this is locked up. There's some already, already available for those investors, early investors and the team to sell. They unlock more at about six months. And that's, that's because at the same time they're incentivizing everybody else to hold. So, you know, just be wary of. [00:06:08] Of what's being said, and what's being done. I'm sure there will be other reports. And I'm not saying that they are definitely going to sell and dump it just that they do have that opportunity. And there's a lot done to to incentivize others to not do this. [00:06:23] Yeah, I'm not [00:06:24] So anyway, [00:06:26] anyway, [00:06:27] moving on, we've got ponder where ponder, where the developers of moon cats. We've talked about them in the past. They have that they may be selling off the IP to cats. Interesting story here. [00:06:42] Well, I was because I feel like it was the last week where I put you on the spot. I was like, would you buy more moon cats? Or would you buy like this other thing? And you're like, oh, I guess I'd buy more moon cats with this. Right. But like these older projects, that frankly have have the, sort of the history behind them and they have a team and there are people that hold them. [00:07:02] Like I think the [00:07:03] project. Really kind of, I'll just be honest underperformed for where I think [00:07:07] it could and should be because you know, maybe these, [00:07:10] these folks are developers and they're not marketers. clearly there's a strong element of marketing community must be developed. But anyway, the the net effect of that is that there's been a I think you know, it's starting to come back down [00:07:23] again from, from what I see in activity, but it was downloading. Point three, two. goes below a 0.3, them. And I feel like they knew it and they just ran up and on the car. [00:07:35] Yeah, they did have a good little run here, so we'll see. We'll see if any buyers emerge. I'm definitely curious to make a little bit more of this project. It seems like one that is talked about by, I don't know, by everyone at some point and definitely has underperformed. it's it's, it'd be exciting to see somebody else get an opportunity to do something more with it. [00:07:56] Definitely not. Marketing is not the strong suit of the team behind this right now. So much like the larva lab think they comfortable developing and not as into the marketing of things. [00:08:10] I feel like moon birds could just like buy this with one day's worth of trading volume. [00:08:17] Moon cats. Aren't good for birds. I can't imagine. [00:08:20] You get your owls? It's very much a similar graphic style. I got to say it wouldn't be that, [00:08:25] true. It's true. They got the moon, [00:08:27] stretch. [00:08:29] the moon verse. else did we have here? Oh yes, I saw this one. George, you've got a good control on NFT data storage. [00:08:37] I know this is kind of a bit more of a wonky one, but this it's important. To understand like how they're sort of mapping out and where things are living. And basically it's sort of showing us where things are being Over time, if your file is stored on a server on an Amazon cloud infrastructure, and somebody stops paying the bill, [00:08:57] your NFT is gone. Image is Sure. You still want. The code that's on the chain, but the image right where it points [00:09:04] to who've gone so that, you in the past is where IPF asks. a protocol file storage, I think is in play of putting the actual assets on chain when you're assets. [00:09:16] And this is just kind of breaking down [00:09:18] kind of where things live and it's, I dunno, it's a good technical an [00:09:22] understanding cause this much money on a JPEG, you mind, my mother makes sure the server bills [00:09:27] are paid. [00:09:28] Yeah, did mention that a lot of Ethereum projects make use of IPFS, but also make use make use of Penn pinning service to share easily, get URL to the IPFS so that Kenyatta is somewhat at a point in that it's single company providing those links. [00:09:51] So if something did happen to their servers or to the company there those links would break. it's best if link and, or a alternative link with projects using that our weave is also mentioned, and I was surprised to see that our we is actually the preferred method for projects on Solana. [00:10:08] That's. Surprising because it is a more secure from my my vantage point. Anyway So it's it's good. And there are some theory projects using it. I think we'll start to see more attention being paid to where these things are, are actually held at least perspective when people are looking at these projects, you know, we haven't fully experienced you know, a long. haven't seen a lot of these projects be around for a long run. Yet many of, most of them are under a year old. So it's still going to be a developing story. What happens as people lose interest in our move on to some of the on some of these projects and the bills go new project who dis the breakdown is interesting. Yeah. Are we've is definitely now kind of on my radar as a result of this, but for NFT, metadata storage for the top 100 Ethereum collections, they have this interesting pie roughly call it 50% are on IPFS. 40% are meaning that sort of, you know, got to pay the server. [00:11:12] And 9% on chain and 3% are weave. And the R wave is like um, basically you pay at one time and they So That's like, all right, that [00:11:22] generations anyway. [00:11:23] yeah. But what happens after [00:11:25] to like relax fella? Not your problem, right. those are dead people problems. Ethereum NFT media. [00:11:32] So media is slightly different. A lot more people, it looks like 60% rely on IPFS and those top hundred collections for media storage 27% centralized, and our we've has 4% on chain, 9%. It's interesting to, you know, where, where are your wallets captain? And then they Do the breakdown by as you mentioned, Solana and polygon. [00:11:52] So this is. I love this article. Actually. I love articles like this. I wish they actually looked at more than the top 100, but interesting data. [00:11:59] Yeah, absolutely. All right. Well, let's move on. Let's say we do, we [00:12:05] don't, have an affordable project for for you this week. Let's see. Do [00:12:08] I, I was checking out one, I'll be honest and I ruled it out because the community had died a bit and it was affordable. it just make sense. I ruled it out also because I felt like it was a Dow that had a target to acquire a noun and they didn't achieve their goal. And it seems like when you don't achieve that goal, like it's like, it's a rallying point and it'd be great. and it's really wonderful. Let's go get the constitution. Let's go buy this like super expensive thing and make it our mascot. But like the is it's a very all or nothing type of vision and mission. And so that's. It's less so like, oh, aim for the moon land on the stars. it's like no, no, no. It's like you aim for the, moon Or you land on earth cratering down because the community says, we can't do So it's, you know, it's kind of just an interesting take away, but yeah, no affordable project. Quick note on past projects though, is peaceful battles have begun, peaceful that X, Y, Z. [00:13:09] He's hilarious, double dragon style, [00:13:11] graphic, a little fighters, you get three battles and it's really a fun game dynamic just to play it out a few, if you haven't been in there, you basically choose your attack style. [00:13:21] You have a couple of days to choose it and you matched up [00:13:24] against. And it's like this game theory the, you know, water to beat fire? Or do you think that they're going to choose something water? So therefore you should go with lumber. So there's a whole funny back and forth game [00:13:36] dynamic going on. [00:13:37] Fireplace on piece falls about [00:13:39] 0.15 right now, I guess. So fun stuff. Interesting game dynamics. I'm all about the games. All right. Digital land and scarcity. You go labs, you go labs, other side, [00:13:51] no scarcity, No scarcity. Well, I, I shouldn't say that. I mean, I shouldn't say that there's no scarcity, 200,000 plots as the plan or at least the rumors. And this is, I believe it was originally from the pitch deck that leaked back before other side video Oh leaked And was officially released thereafter. [00:14:11] But anyway, the upkeep or the recently leaked information was that it would be praised ape. mentioned that staring at six, 600 ape, which is $9,000. So a hundred thousand plots then, and then another a hundred thousand plots coming in the summer is the rumor 200,000 plots is enormous. [00:14:32] That's. That's a lot bigger than, I mean, when I was looking at it a hundred quite realize that there was another a hundred thousand coming, I was already thinking that a hundred thousand was, it was a really aggressive number they have a white list that includes many of The top and Ft collections. And I don't know that that is necessarily enough to get people to to go. thousand worth of these, especially at a three Eve price. You know, we did see moon birds do crazy numbers, you know, but that was a 10,000 piece collection minted at two and a half. And if the price has run up, but the, scarcity part is helpful. [00:15:11] There, I don't it's, I think it's going to be a lot harder to see, to see a hundred thousand sellout and for that price to hold anywhere, right now I could be The my, my hesitation. Is it just that there, that first part is is so once people, once they have that, they know that there's still another hundred percent. [00:15:33] Inventory coming. And I just, I don't know if that's going to take a lot more people coming into the space or especially into the, the UGA universe. And there's, you know, most people have had a good opportunity. I think there's a lot of people that have an attitude, like, like you've had that they've missed that train. [00:15:50] Looking for the next thing, not necessarily looking to just get in at this late stage and try to hope that in the this bull run for UGA. Yeah, the metaverse hype in game certainly kicked off, right. It kicked off in the fall of 2021, Facebook famously renaming itself, Metta, you know, in the sort of peak of all peaks, the things that seem to be keeping the value when you're getting into digital real estate is scarcity. And as soon as you have, you know, just to just absurdly high volumes, especially out of the gate, then, you know, the risk is over saturating the market. [00:16:30] And the problem is like when one part of the market goes at all does because of the way floors work, I believe they'll provide utility, but that is a very, very high starting point. And maybe maybe the bellwether that like Our idea of like owning property in the metaverse is like antiquated and frankly anachronistic simply because like, oh, I understand how property works. I have address for three whatever. and this spot you know, the idea of the metaverse Mr. Rogers neighborhood of places I can own mistaken ultimately. And it may be that, you know, you don't own the land, but you. your character, you own your network. We, we just, I think we have a weird fixed mindset just to go like a little high level I own this little plot and it's like valuable and I'll do whatever you want, but like in an earnest, I don't go on a [00:17:21] different type of parallel. [00:17:22] You know, I don't go on to Instagram to look at my own And my own little plot of digital. I look at other [00:17:27] people's. I go there to see what [00:17:29] other people are doing. I want to walk around digitally speaking. and see other stuff, and I'm less so [00:17:35] about this like own owned piece of land. And I see other [00:17:40] I see [00:17:41] other projects beginning to take [00:17:43] that tack. [00:17:44] So I'm, wondering if this game dynamic is spent or is it still hold water? [00:17:48] It probably still holds water, but I'd be shocked if that 200,000 goes [00:17:54] for three E each Yeah. I mean, we'd be looking at It nearly a $2 billion raise. It'd be about, And so that would be. I mean, it would be unprecedented obviously. just, I don't think that there's enough liquidity in the NFT market or, or that, much sitting there ready to come in that they could do that, you know, and granted that's over, You know, that's, that's over So, you know, the idea, I be that one would go so well that it would, you know, for more interest in the You know, that being said, I don't know. I'm I'm, you know, I've seen how. As a crypto voxels holder, I've seen, you know, what has happened when land and it hasn't been good, you know, that has been largely, and I think that's been a effect to grip the voxels overall. [00:18:38] It had a pretty, pretty good. And I feel like has largely been surpassed by other digital lands. You know and I think we're seeing that you know, maybe there isn't, you know, maybe there isn't as much value to those and maybe that's okay. You know, we've seen another bottle launch recently, this open metaverse project. [00:18:58] Oh, M by punk 6 5, 2 9 pretty influential NFT Twitter person who has launched this, been working on it. It's pretty impressive. you can actually go in there. There's all sorts of buildings. There's a museum in there this expect United museum as a full level. Generative art most are, I think there's a generative art museum in the middle. it's, got another museum as well, but it's, a very different model Anyone at. this point can fill out a form to claim. I don't know if it's necessary to claim, but you basically can say that you want either a building a district different sizes. So depending on the size of your organization, you can go in and just say, you want to do with the land? [00:19:40] They are taking this as very not scarce in giving this land away. So, you know, I think it's, it's that they are not going with, a scarce model and, it doesn't seem that you guys has much scarcity. Either. The net one is one of looking to charge once looking at. At the prices for a tube for $2 billion in sales. one is looking for people that are most interested in building things can, can see and use. interesting to your point of, you know, what do you want out of this? And know, I think when you've got an incentive, when you can build for free, you've got a lot to really, you better make it compelling for me to come in there. [00:20:21] Right? There's not this this perceived value that is just sitting there, like look at my, look at my 60th. Plot that I am probably not doing much with, because I have six east to, to move around and, and put into these plots and probably own a few of them. You know, I think it's a very different So you know, know that that one is necessarily right. And UGA has definitely been aggressive about about pricing things recently. And they built that up by giving things away, but then it looks like they are trying to cash in on that trying to extract the maximum. Possible. They're really trying to extend the maximum value possible And, you know, I don't know that it tells you in your lifecycle. Another one to point out is the sandbox and, you know, the sandbox, we we actually had it as a, as a project. I will say we called it. that, was like a, you know, one that we actually did pretty well by, you know, the price, you know, frankly it ran up it was up there at like five eith. But currently it sits set a floor of one point. And it has steadily dropping month after month after month. You know, you could get but ultimately like it comes back to it's a map made up of 166,464 and growing the end growing part is sort of the inhibitor. [00:21:44] Point here. right. [00:21:46] Here's, you're looking at something that like, literally you have celebrities involved with built assets and dog, I mean, is, is in there. How much more, how [00:21:54] much more do you need to know? truth is if you just [00:21:57] keep printing the money machine, [00:21:59] ironically, the thing that you know, all crypto [00:22:01] is anti. [00:22:02] If you keep the money [00:22:04] machine, the land machine [00:22:05] printing people will figure out the value pretty. Well, inevitably I won't say quickly, inevitably. So I dunno, I I think we we've thrown enough questions at building this way on, I don't know. I think I would feel different if the making It so that like you could. [00:22:25] What's accessible though at 200,000 plots. I mean, if they did a third, if it was one I mean, I don't know. It'd have to be a, I mean, we'd be still talking it's too much. [00:22:36] I don't know. I mean, maybe there is a me, you said, there's almost 200,000. I was surprised to hear what you just said. [00:22:43] There's almost 200,000 [00:22:44] Yeah, a hundred and thirty six, a hundred and sixty six there only I don't understand how 9,000 listed on open. See, I [00:22:50] think it's still in, like, they're talking about where they're going to [00:22:53] end up and where they are releasing. In that cycle. So the cap. [00:22:57] And then conversely NFT worlds have held because it is kept fixed at 10,000. However, I have not seen true utility come from NMT [00:23:08] worlds, or the ability to cross and walk around worlds inside of there. [00:23:12] But that's actually that, those one [00:23:14] that climbed up and it's kind of held a little bit, it's come down off of its hot. [00:23:18] So it might [00:23:20] be that's sort of slow [00:23:24] it will see. I have, I've seen some, some integrations with, on how much people are actually using these. I mean? we're seeing all over the place. The the, the peak of many of these NFTs seems to be the the lead up to these announcements, the, the news And the announcements of the actual product and the seems to not for the price of these projects, it seems like people are much more excited. [00:23:52] Ahead of the release than they are things actually come to fruition. So it's interesting. I think that'll change at some point. Or at least does because I want to be excited. I want to be excited about what is actually here, as opposed to just hoping that the thing is even better. Yeah. could still hope that things are even better, but I think, you know what I mean? I don't think it's sustainable to just look at everything like it's going to be great. And then once it gets here, be everything. I think there are great things then some of these projects are delivering and we can't just look at this as like, well, that's it. [00:24:25] Yeah. I mean, hype, the expectation meeting reality can, can be a tough one. One more I want to just throw park, which I think is a different play. Metaverse interaction, actually their drop wa was live in this, past [00:24:39] week. So people that were [00:24:41] in there know we talked about it got their, you know, free drop no [00:24:45] minty into their wallets the other week. and that's more about curating ecosystem that is open, but it's the asset of the character that is imbued with that type of value, which is which is interesting. And sort of, is it metaverse land or metaverse identity? [00:25:02] That is where you, you store your value. [00:25:04] And so that's just like a and we're going to see a [00:25:07] lot [00:25:07] I think, a lot more [00:25:08] exploration of what's possible. that metaphor has term I think is now evolving somewhat. I think a lot of people are coming to the idea that it's not necessarily this, these digital lands in. Much more of a kind of ecosystem that evolves in between NFTs and these digital lands and crypto. So you know there's a there's a few different ways that it's going to be, you know the people are, are, these companies to do it. I am. Very wary of projects that have huge caps on the project, regardless of projects are launching. I think it's think it's a lot healthier for the launch with a smaller demand and [00:25:48] Hey, don't it look like a giant cash grab. [00:25:51] I mean, honestly, even if they kept it to 48 and you know, ecosystem holders, when it bothered me as a non holder, I think that would do more for the value. [00:26:02] I don't know that people from holders of, of, you know, of cats really is I don't know. I mean, I guess they're universe, but I don't know that it really does They still have other ways to get into it. I don't know. We'll see what happens. You know, there's different, different different tactics and it's certainly evolving. [00:26:22] Take a look at the human park floor though. It's at 0.049. I'm on polygon. Gas lists and they're they're backed by the studios that did a Zed run. So it's kind of interesting, I will say cause this is the gen one that they put out there and so yes, there will be others. But these are officially gen ones that are, that are floating around out there. [00:26:46] All right. Any, anything else to add? [00:26:48] No, I think that's it. George. [00:26:51] Alright, great topics. See out there. Good luck. [00:26:54] tactics and it's certainly evolving. [00:26:59] Take a look at the human park floor though. It's at 0.049. I'm on polygon. Gas lists and they're they're backed by the studios that did a Zed run. So it's kind of interesting, I will say cause this is the gen one that they put out there and so yes, there will be others. But these are officially gen ones that are, that are floating around out there. [00:27:24] All right. Any, anything else to add? [00:27:29] No, I think that's it. George. [00:27:31] Alright, great topics. See out there. Good luck.  

Theme: Have Utility NFTs Peaked? MoonBirds showed value of Utility NFTs as Proof floor >100, Moonbirds > 30 Speed up can be an indicator of speed down. Is this different? New utility NFTs launching (PoolSuite, Quantum, VSP, MyBFF, MetaRelics, etc) Monster projects seem to be coming up each 3 months  Affordable project: Vayner Sports Pass NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Get Paid to List NFTs on LooksRare   Artist Trevor Jones Announces A NFT Holders Party In A Scottish Castle  ApeCoin Experiences Massive Rally Ajax football players trade Sorare NFT cards on insider info allegedly - Ledger Insights - enterprise blockchain  Transcript   [00:00:00] Today on all about affordable NFTs. We're talking about the very unaffordable utility NFTs a little bit more into moon birds and the the larger [00:00:54] ecosystem of again, how utility is really justifying valuations and valuations of, of these projects. [00:01:04] What have [00:01:05] we seen in the news? [00:01:06] Yeah. [00:01:08] Yeah, here we go. Got a few headlines here. rare. They got a new sort of marketing tactic out here where you can know. The looks token by listing your you know, it's, innovative, I guess it's not my favorite favorite marketplace. But they are certainly trying to move some more adoption to. [00:01:32] That to their marketplace one way or another. are rewarding users by adding there. So I think I read That you need to do 10 or so to make it worthwhile, but if you do have and have some that you want to list, it is check out. [00:01:48] Yeah. I mean, looks token are actually about 25% over the past seven days, which kind of nice [00:01:55] Right. I believe around $2 or so [00:01:57] right now. [00:01:57] Yeah, I got up there. I got up there. Cool. All right. So I guess another token news we've got Abe coin, which they believe last I looked was up over $15. It 30% in about one day. And that was after news leaked out. That UGA labs was planning to do their other side land sale or to hold that sale in the. Ape token rumors are, that's going to start at 600 ape, which would be w had $15 would be around 9,000. [00:02:33] So a little bit over three eat at these, at these priorities, sorry, around three, that these prices. So that's sounds like an aggressive price. When you consider that this first land sale will have thousand pieces and they plan a second land sale for hundred [00:02:50] Sorry, you said a hundred 200,000 [00:02:54] 200,000. Okay. [00:02:56] So I don't, you know, that's a lot, [00:02:58] I'm sorry. 200,000 things priced at three east. Yeah. So that would be 600, you know, if that's real, that's about ether, which would be over what over. Yeah. Oh, that's $1.8 billion or so, so I can't imagine they can really take that in. I would think that I, you know, I've heard also that it could be Dutch auction of, I don't understand how the Dutch auction or worth of work with I don't know. It'll it's, it's interesting. You know, I don't know. If it's too aggressive of a swing, certainly sounds like it may be. But they are going for it. Anyway, and so far people are buying the token in anticipation of that. We'll see closer to the launch. These are All rumors So far the actual mechanics you know, haven't been announced for that land sale. [00:03:42] Although so far, a lot of these rumors that have leaked out of UGA have proven to be [00:03:47] accurate. [00:03:49] Yeah, I'm just looking 14 days. Roughly speaking, it's up 35%, but literally as we're talking over the past 24 hours, it's dropped 16%. So this thing is, this thing is getting wild, right? It's going up and I don't own any aid. [00:04:04] I will say prior. I do own looks [00:04:06] and I know that you own [00:04:07] eight and looks right. [00:04:10] I do not [00:04:10] own looks anymore. Now I have a little bit of ape. Yeah. All right. So next [00:04:17] I just like really quick, like on the eighth thing, like I said this in the discord, but like, I'm like, I missed the train. I missed the train and anytime I find myself trying to throw my baggage car, as it pulls out of the station, like I make a mistake. I buy it. So I am firmly of the belief that like I missed it. That's fine. I, I might keep an eye on the but I'm nervous about those numbers. Maybe we'll do about land perhaps. [00:04:43] Alright, perhaps. All right, what else we get for headlines here? we've got a rate Georgia. You've invited to a castle, a Scottish going on. [00:04:56] Andrew, I'm going to have to have a whole new, a whole friends, because artists, Trevor Jones announces that NFT holders get to So Trevor Jones is an you know he's done a number Bitcoin angel and you know, this is an interesting project, one of the like [00:05:13] tying to Integration to the reaches 7, 7, 7, 7, 7 of giveaway. However, this is [00:05:21] really funny. Sterling castle in an invite only, I I don't think I'll be able to make it. It's nice to get. Usually it's just nice to be invited to a castle. [00:05:32] I mean, I, I wouldn't see a few. You can just swing by, you know, [00:05:37] I don't know. Maybe I [00:05:38] can do it. I've got to talk to you a wife and see if she'll no, no, I think I know the answer to this already. Yeah, [00:05:46] I got an extra I have to, I can give you one if you want to come with. right. Well, we'll see what happens there. I think that we'll see you when you make it over to the party. Sounds like anyway, moving on. Let's see what else we've got here. We've got this one and this one's good. so we've got the Ajax football team soccer team. We're caught like or trading on some civil rare and FTEs. had found out. [00:06:13] that they were going to switch the starting keeper. starting keepers NFTs, bought the back. Before the news went public, of course, people have figured this out. They've got public accounts. So you know, fans and others quickly figured out what happened here. So, so far they're saying not, it's technically not. [00:06:33] Regulated by commission. Although I imagine that that one's not going to hold up so well with their, with their league. I don't know about the the financial implications remember what you do on the blockchain can be seen could see the time. So even if it's not known right at the Yeah. I mean, clearly if it were a stock, that is [00:06:58] something that is frowned upon by the And in general a public market in any ways. He's a big no-no, it's just dumb. Like, what are you doing? Don't do that. But it's the beginning of the complexities of when NFT marketplaces that offer liquidity to you know, players, trading cards and pieces that impacted, like, I wonder what would have happened if those were sports cars and instead they dumped them on eBay. [00:07:26] I don't think anybody would look two ways about it. But because it's on the chain, it's with your name doing this and people will find out. [00:07:35] That's true. Yes. You know, her too hard to complete that information when it's on the [00:07:42] speaking of sports smooth transition here, look at me. [00:07:46] Speaking of sports, the Vayner sports pass, you're bringing this to us. I have heard about it. We talked about it. This was AAJ Vaynerchuk, Gary Vaynerchuks brother, this was the notorious [00:08:01] and infamous now uh, Supermint price where the cost of minty. [00:08:07] Far exceeded the actual amount that was paid for the actual project. So do you want to talk us [00:08:14] through the Vayner sports pass and why you see it as an [00:08:16] opportunity? now. , So this is now it's the collection is now sitting at about a point for a floor. I believe gun back and forth a little bit under that. We. you know, has, as we talked about, this caused a quite the waste of gas when launch and has certainly helped to keep the full floor down. [00:08:40] I think, you know, it got a lot of negative attention when it launched. So I think in some ways that is good as a, you someone at the collection now. We talked about at first, it is by AIJ banner who is Gary Vaynerchuk. Brother I don't know, a ton about his, ex his past. [00:09:01] I know he's been some of guarantees projects in the past. believe, you know, I have to think that he's going to use a lot of his connections that he felt with with Gary over the years to to help promote they do have a, they've announced that they have a roadmap coming this But hopefully it is more than some of the roadmaps we've seen where they are quickly maybe a Google doc and published. That's this is my hope that it's done in a much more, professional manner. They have announced some partnerships with athletes in the NMA area. I've not terribly familiar with MMA. [00:09:35] So I don't know, sort of the level of notoriety these athletes at this point. So these keys themselves are. There are various icons on various backgrounds and colors for the part or the basic ones. There's, not much difference among those. [00:09:54] From what I can tell, I don't there's much different in what they give you in terms of access. There are a few levels of these. So when you're looking at see that there are so. Let's see different, there are different colors that do have a more, that are more rare than others. So you see different levels. Once you get, let's see into like the gold, those jump up a bit. Let's see. The green actually. Let's eight aren't much above floor. Again, I if there's something to that color I have to think that there will be certain certain levels of access with different tier cards on here. [00:10:33] But I think it is you know, it's at an affordable price now let's see. Point three, nine, five as we speak. I've been watching it, do not have any yet. And I don't think you have any at this port point either, right? George. [00:10:46] I don't, but like my macro piece on this you know, from podcasts I've been listening to. Including overpriced JPEGs and people that have worked firsthand with ADV Vaynerchuk, the guy is sharp. The way that this was coded on chain was done intentionally. So the, the bad byproduct was the cost of gas and sort of getting this out there. [00:11:08] But it was in favor of a long-term technical decision. So far. What I know of the Vaynerchuk brand is succeed and is tied to the whole. And that they're [00:11:20] very, very deep into these sports [00:11:22] media. and what's more the sort of the [00:11:26] Vayner VaynerMedia And the marketing therapy works with a lot, [00:11:31] As you [00:11:31] mentioned, sports teams and has a lot of access, and they're becoming frankly, the leaders [00:11:38] in crypto consulting and NFT consulting. and I dunno, you combine those things for me. And I think. [00:11:44] It's very clear that [00:11:47] this probably pays back with drops alone. And the other reason of sort of like why now because that was one of the worst drops I have [00:11:54] seen ever, and I think [00:11:58] it's still holding at a price, [00:12:00] It would have killed a lot of projects and I think [00:12:03] in the water. You kidding me? [00:12:04] and I think it's really, I think it's, it's, it's great that it hasn't killed this one. and I also would have been surprised if it actually did because you know, Vayner name, they don't, they don't take it lightly when they put it out there. [00:12:16] As you said, You know, I think it's, it's interesting to think about how they think it's all part of the the whole, and you know, one bad project is going to you know, make it a lot harder for them to continue going. They've been in this space, you know, for a long time. You know, at least as, as long as you can be in it it's not like some of these other names that are coming in getting involved and then launching a project, you know, within AIJ has been in the space, you know, has definitely been around and with both Gary and Vonda own, in the space. [00:12:49] So, you know, that makes me more positive in thinking that they're to continue on this project. I also think that there's a very. A very strong likelihood that a lot more young athletes begin to get into NFTs and Vayner sports has a big leg up on the competition. When it comes to getting involved with getting those, athletes, athletes involved with them, they are already here. [00:13:13] They're web three native, and I look at that and look at this as one of the leading brands. [00:13:20] Yeah. just to make this even more complicated in addition to the card type which has escalating at that peak looking at diamond, in addition to [00:13:29] that it looks like there. are icons on them about each one, has like a couple of icons and [00:13:35] each one is associated with things like e-sports golf, football, So. [00:13:41] do actually have. Value to that. Are there, are there, are there like that's, I didn't believe that there were, there was anything to [00:13:49] those, but I wouldn't [00:13:50] This one has a baseball ache. Just one. So some have one. Okay. [00:13:57] Yeah, I don't know exactly if there is something to, you know, if there's actually a valued, tied to what is shown on the card or not. You know, so it may be worth looking into a little bit more. I haven't found anything about that at this point, if you do find something or we find something we'll of course discuss that in the discord. [00:14:16] So hop in there. If you are looking to get into this one, and hopefully we have discovered a little bit more, we can share [00:14:21] there. [00:14:22] Yeah it's, it's worth looking at. And I, And I like the why now, And also getting back, you know, to what we're gonna be talking of main utilities and new moon birds, watch this smooth transition. I think when you have a project like moon, birds come in and literally move the entire market. and when I say move the market like crypto slam for the past seven, Shows a hundred percent increase. and guess what? 375 million of that came from moon The next highest is, mutiny at 68 9, which all these numbers are absurd. So when I see that, oh, I, you know, I know I'm frustrated about missing the boat few weeks, which is. actually a lot, I'm missing a boat on, on moon birds, but the opportunity is that. [00:15:09] These other projects some of these like high value, you, [00:15:12] know, projects are out there and have an opportunity kind of some value. Right. And that's what we're, we're trying to do here. Find something affordable and all right, Andrew, let's talk about, and FTS. We just talked about members. [00:15:29] They showed the value of utility NFTs. Can you just explain, like we're throwing around utility? What the heck the actually get if you have like a moon bird, what is, how has utility. defined. [00:15:41] I mean, that's a good question for me. What the utility of the moon bird is. It seems to me that the proof pass was more of the utility They created this moon bird collection approved pass gives you, gave you access to mint, one of the moon birds. You know, I guess, how would you ex how do you think, do you consider the moon bird project, a utility still? [00:16:02] Or do you, or, or is that just a PFP project? [00:16:07] it is definitely utility And that you get access to a certain type of discord. Right? I know that you're going to be able to hang out in discord room. Kevin Rose. Cool. you're going to probably be surrounded by a lot of whales and people. Influential or at an absurd amount of money, for these things. [00:16:25] And I believe that there's going to be continued utility. They talk about what is it like towers or elements that they're going to be developing. And the way that I see the utility is like yeah, you get access to this discord. Yeah. future drops as people tripping over themselves. [00:16:40] You know, do the next partnership and drop and you'll get [00:16:44] to two of them. And, you know, you'll probably have like an art blocks effect where, you know, it'll have the sort of shiny gloss of something exciting. And then the other part of it is you're kind that this is going to be the next Hugo labs because of hype and potential of a at this point. Like for that much money, you're like essentially a [00:17:05] seed investor in a company. that's kind of guess what I'm looking at. When I looked at the utility there and I was like at play ball. [00:17:16] Yeah. think we're we're sort of getting started with, with these utility NFTs. You know, we've talked about Vayner sports, you know, that's at a pretty low price, you know, I think there's not, we haven't seen what that is seeing up. [00:17:30] Quantum art the Photography platform by Justin Arsano. They've released a quantum pass recently. I see that six or seven eat now. And access to future drops. We seen some others pool suite is one they've been operating as kind of a, I don't know what you'd call them, but an agency of sorts doing pool sweet they've recently done a NFT project, That again, is going to give access to things. I think we're going to see a lot more of these especially with I don't mention this before, but when people start looking at the, the amount that was raised by moon birds, so quickly 78 million, and have, you know, have. The credibility of people like Kevin that are looking at that and starting to make plans right now. So I don't think that I don't think they we're even close to seeing utility in FTS peak yet. I think we're, we've an immense demand. And I think everyone's trying to maybe spin their project, the mold of a utility and Ft. [00:18:41] Now, you know, it's going to be, I think we need. To start thinking about, you know, how to actually at what a utility, what utility really means to an NFT, because it's going to be a term that every project uses now. [00:18:57] Oh, yeah, for sure. I mean, they were using it before, but this is just to look at this. It blew away. Even my high-end expectation of like price tracking and what I thought would actually happen when a bunch of frankly, random you know, two things that they had bought and it just, it was incredible. [00:19:19] And so I, I also agree, I don't think utility utility is peaked, but I thought it'd make a good subject title. So I toss it in the top. And the reason ties into, I think you're selling in part belonging, tied to financial website, and both of, those things are quite powerful in and of themselves. [00:19:38] But what I mean by belonging is the same. Dynamics that happen on Sunday in a church, in your neighborhood where people show up into the same room in the same way and say the same with the ability to feel like you [00:19:53] belong to a group is in large part. What I think I see the value of a utility when you talk it about [00:20:02] as like, all right, we have access to this discord. [00:20:04] Oh, I'm going to be able to socially identify as this, you know, group of people. Capture some part of my identity and you know, there's very much value in that utility There's a reason why people signal with, [00:20:18] you know, $60,000 Rolex watches, because they want [00:20:21] to show off that they have been club. [00:20:25] I am successful because I have this thing, so that's not going away. So it's not peaked. It's very much endemic to [00:20:30] our [00:20:31] Yeah. So I had argued that that part The value for the sake of having it be high value. Isn't that more of a PFP sort of aspect to a, a, collection than a utility. And if key, I mean I don't know nobody who, people, at least weren't calling board apes and, utility and Ft. [00:20:52] Although they've proven to be that if you've held the I've given away all these things, but, you know, initially it was more like, well, you're around these other people that want to hold this thing that is absurdly you know, I think in that regard, but you can always say that as long as private discord and it's a high for praise there's, you know, It's a there is some. [00:21:14] Utility to it and that It's keeping out people that can't afford that if that is not saying that that is what you're you know, I'd say, I'd say that these, the moon birds is certainly prompt. You know, they're already talking about adding more to this. dates And and have to do this, at the time. [00:21:28] And I don't think that it would have meant much to people to say, to promise all these things, you know, nobody knew that that were going to hold any value. Now people have seen that play. kind of explicitly saying we're going to continue to build they've even they've hinted at tokens. all out there. So I think there's a, it's much more known that these are going to not just be a highly valued collection or not. And I can't say collection. It's not just seeing it's a highly valued collection. It's also that they will. [00:21:58] Give holders more value or at least more assets, you they'll have to prove. But they're going to give them more assets. They're going to continue to build. And they're going to put, put effort into this, that a lot of projects maybe have promised and have yet to deliver on. [00:22:14] So your original interesting and I can take the extreme that a position that all PFP projects and all NFTs have a promise of. I could put them on a utility spectrum. Right. I bought a one-on-one piece of art and the utility I get is it's beautiful. I like looking at it you can say, I get access to a discord. I have, you know, an extra that I can own and I can, I have all of the rights to so I can put it on a t-shirt And a mug. So I think the, question is what is the versus what is the actual utility you get? you know, You're seeing now it's more about execution and trust. I'd say there's no longer a, a new clever, like, and by the way, in our roadmap, we're going to have sparkles. [00:23:05] I think the, the magic of the are kind of fading away. And coming back to what happens here is it is trust in the founders. And you know, he's built up this community of people that listen to his podcast. that like this is, you know, the guy [00:23:19] behind dig knows how to build things. [00:23:21] And then, you know, the, that vision, you know, getting behind that vision and believing it is, is you, you're just acting like a seed investor. More so baked, into there somewhere. five spot. There's a new competitor, right? Like this time you, the labs didn't freaking exist. Like hold that in your mind for a second, And punks were like dominant. [00:23:45] Leave. They were out at this point, but it was right. they were just in their infancy. Believe it was around. [00:23:52] I could be [00:23:53] Let's look it up. I'm kind of saying they hadn't launched yet and you're saying they have, okay. See, 30th is the first [00:24:14] day I saw. [00:24:16] All right. So about a year [00:24:17] ago, [00:24:18] I'm a mirror almost on the universe. Like when this comes out, this will be so, so about that for a second, right? Like time, suddenly this like massive company [00:24:26] starts you know, it didn't take off until a couple [00:24:29] months after the project, then you have something like a Zuki, which launched like massively in, [00:24:35] I think you know, Q3, whatever it was. [00:24:37] Have to get the [00:24:39] memory of a [00:24:39] Right. I mean, I think we've seen a lot. I mean, I think even going back further unit. Two a year ago This is in 2021. It, you could even look at it. If, if you want the market was there was nothing going on And it would, it's amazing to think then you the labs launched their project. And it people into it. [00:25:00] We saw art blocks going it was kind of leading up to that. It wasn't until the summer that it really went crazy, that has certainly died down, but then started really noticing the UGA labs success or bird ape success. And I, you know, I think it spurred a lot of. Copycat projects you know, just some other animal project that you know, we're promising the same things and people have, over time kind of maybe realize that it's not a matter of just a ton of different projects of the same of the same ilk. you know, you need different projects. And I think that's what we're seeing here with, You know, with proofs and with with moon birds, even with the quantum different projects lead of categories and. become the project to to, to sort of dominate that category. [00:25:50] And we don't necessarily, we're not going to see said we're not going to see maybe, you know, a hundred different projects that are successful with that same model. You'll see a few different ones, but they're going to need this. have something different to them. And I don't just mean the animal that they're using. [00:26:03] You know, I think we've, we're seeing, we're seeing board aid to be very successful, what they do. You know, obviously you see move birds right young project. We don't know, you know, I don't want to, you know, I don't want to say. Overstate what they done at this point. You know, I think that come back down to a a level below that 38th floor and still be as quite successful. [00:26:25] But, you know, it's hard to say the long long-term success, but I, I think it is, you know, it's interesting to think, you know, as, you know, getting back to what you were saying, like how we've seen different projects, take the lead and. Yeah, I guess, you know, another one is at a Zuki and seeing more of the sort of into this. [00:26:40] I think that was a big entrance and we do see a few projects, but it's not like it's completely shifts the market. And I think we're starting to see that a bit that the best projects from these different, continuing to [00:26:50] shine through. [00:26:52] Yeah, another one I was going to call out was artifact And when they, when they dropped but it's like it's like every three months. it seems like, there is just this sort of like, [00:27:02] Huge [00:27:03] setting, [00:27:03] launch. What I'm also noticing is different than board apes, which frankly sat at a 0.5 E floor for like a months. is that these newer ones, right? the ones I just went through, like every three months, we're getting these new big. There they're up. into the right almost day one. you have to take really uncomfortable levels of risks to get in on these, on these hype cycles. Right? Like we looked [00:27:33] at artifact and we talked about it as affordable project. [00:27:35] We were like, oh, Nope, sorry, psych your [00:27:37] mind. and like Zuki went from zero to 60 immediately [00:27:40] within a matter of like days and hours, not months. So like, clearly we just talked about what happened with boomers. So these new large [00:27:47] projects. In my mind [00:27:49] prior was this idea that like, oh, there's like very treasure around. [00:27:52] One of [00:27:53] these is going to take off. And that the truth seems to be more like there's going to be something that is absurdly hype that comes up. And the question on something [00:28:04] So massive size bet. I would say we have to start thinking about this a little bit more. They are it's big bets. They are big sized bets. But I think what is interesting to notice, these are some of the most hight and they're succeeding. So you know, in, in the sense of the risks, Reward as risky as risky in the terms of it's going to go to down, you know, at least if you can get in at the very early part, you know, now at 30th, obviously I think that can that can go down 50%. Pretty easily, you know, at, at that 80th floor, when you see the volume that had, it's a you know, in you know, I'm thinking about that And that's not, it it's, it's hard to think that it D volume was Oakland to all of a sudden disappear to the point that the floor would printed 80 is a lot of ease to get into that part is challenging. You know, it it's but I am starting to see that the big projects, it's not exactly these, these diamonds in the rough they are, well-known, everybody's talking about them. And if you can get into them, even, you know, at the, the inflated floor, the initial floor price of them, they've been. [00:29:20] Extremely good investments. And especially compared to kind of trying to find the, the follow on projects that, that launch hopes of, you know getting some of the, you know, getting some of the success of those bigger name projects. [00:29:39] Yeah, I, I, guess, you know, kinda, still, I'm still like frustrated by like the fact that like, even if you see the next one coming, the, the level of risk you have to be in it is like pretty darn high. and you know, I think coming back to like, what we're doing here are the look at things like. [00:29:57] I'm not giving up on that I think there's a lot of fun to looking at, you know, pieces that won't make the top 10 and that's fine, but you, know, things that, by the way, still can like provide value and like give access still very much part of this Coinbase [00:30:14] bringing in the NFT market. And I'm hoping that brings more life to the middle market. Because look, we're, we're dealing in a market and we're like suddenly looking at [00:30:23] Lamborghinis and we're like, we don't drive fricking things. Like I drive a, you know, a cheap, a cheap plugin. I want to that's fuel efficient. it's just, it seems like we're being asked to look at markets that outside of our size range. In general, [00:30:39] you know, if you, if you talk about [00:30:40] what's. Appealing to you know, it's just a disturbing show of money being thrown around at a I'm still doing it. I'll still look for affordable projects. They're out [00:30:54] there. [00:30:55] Yeah. I mean, yeah. I mean, I think there's affordable projects. It's I, I'm, I'm more wary of, of, of thinking that the market will follow a leading project rather than just that leading project becoming the sort of category filler. And then moving to sort of, what's going to be the next innovative project that that does something different to define. [00:31:17] A project rather than just a lead or follow along with the trend. [00:31:24] Yeah. Well, I mean, what's interesting is that every quarter Massive run-up because one, the Capitol is going to look for another place go with it and throw, throw around. [00:31:34] And there are so many talented founders, leaders, developers, companies that have not [00:31:40] even touched this space yet. And you know, they're coming and there's going to be [00:31:45] opportunities in there. And know, that. that, that is exciting. So I'll, I'll get over my I'll get over my phone. [00:31:52] Eventually and look at, look to project, but man, I don't know, Maybe next time [00:31:58] I, when I, have that high conviction, just, you know, it up and just say like, all right, should I do this? and maybe I'll just trick you into splitting it with me. [00:32:09] All right. Yeah, we've got, I mean, it isn't, these are great wins. If you do win [00:32:12] the the raffles and those [00:32:13] course, I did respect that they did the raffle. that was very [00:32:17] they did, gas. And obviously there were some big winners there. So, you know, I'm a happy for the people that were able to spend the two and a half Yves and now are sitting on a 30 each asset. [00:32:25] So that is that you know, that. Didn't have a lot going into that. We're able now, Ooh, that's a big, that's a big win. So hopefully there are a lot of people that really appreciate that and you know, whether they take it or not you know, that's you know, that's a tough choice, but [00:32:42] yeah. [00:32:43] Good one to have, [00:32:44] Yeah, I had one more note just to call out here is that I get I'm always concerned about the speed and time with which something runs up as and time it takes to run down things that burn fast burn out. so there's, of this coin for sure. And those founders know it though. [00:33:02] I know is very, very savvy in terms of building tech tools And user engagement. As you know, as far as dig your window to execute is, is very [00:33:12] narrow, I would say. And [00:33:14] also the risk of saying like, you know, it took, you know, three, it took one week to get like 36 ease. Okay. I'm much more comfortable if that's like it took three years to get to this point. [00:33:25] Like that's a, sturdier base with people that have been sort of like holding in a competency And tested. You know, the board ape apes and moon birds right now is, is really not a fair at all. But those prices, I imagine, like their minds, they're like, oh yeah, this is like going to be a blue chip stock. Oh yeah. Bloomberg's is blue chip now. And you're like, because prince. [00:33:48] Yeah, I'm sure there are already people putting that in there. And I think price is a dangerous indicator of it being or dangerous sole indicator of something being blue chip. You know, there is a, there is definitely a concern that it. could come down relatively quick. We have seen it in the in the past, not saying it's going to happen. [00:34:06] And I think that. Nesting slash staking mechanism will help some with with a sudden flood of, of listings. You know, that being said, you know, things, things can change in in very quickly and, and FTS. [00:34:25] All right. That's what we got. Hopefully that was helpful. In summary, utility NFTs have not peaked. All utilities have NFD. All, all utilities have NFT, you know, NFTs have utility. [00:34:37] One of those is maybe true, possibly true, but one, well, we'll let you think about it.

Coinbase NFT Coinbase announces beta of NFT marketplace with social engagement https://nft.coinbase.com/shop  What does it mean? How are projects listed? KYC mandatory? Social NFT first?  https://nft.coinbase.com/accounts-to-follow  No verified accounts, many impersonating known NFT Twitter accounts Lacks attribute filters  Affordable project: FewoWorld: Paint NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Coinbase announces beta of NFT marketplace with social engagement Moonbirds Shatter OpenSea Records With $240M Traded Within Four Days Of Launch - The Defiant Rough Transcript [00:00:00] Today on all about affordable NFTs. We finally get to talk about Coinbase NFT time. It is time to speculate. I'm so excited. Your mic is not on. All right. Well, we have been talking about it. We already, I feel like, and now we finally get to to talk about it with a little more substance, but we're in based NFD has launched and at least in beta, what does it all mean? [00:00:29] Basil? What does it actually mean? It's launched. That means we can all get access, right? Andrew, like we can log in right now and start using it, right? Not exactly. Yeah. I'm not clear how many people actually have access to this. [00:00:39] Small as a hundred people, which may be ridiculous if it's that, then they really got to clean up the spam. They can literally just point out. Who's stop it. Stop it, John. You're the only John on the platform. Stop it. Well, anyway, I think that it's obviously big news and it came on on April 20th. [00:01:01] You know, on a date that there are many other I dunno, and Ft, shenanigans launching all sorts of projects themed for the day. And I'm not sure why Coinbase did it that day, but they did seem to wait maybe for the you know, I'm sure they were doing some regulatory issues, the official, why they had to use that date, but, well, no I'm saying I'm sure there were some things going on behind the scenes. [00:01:26] And then you do wonder if maybe their crypto experience led them. Launching that post NF, I mean, post a us tax deadline time. I mean, they do know how that tends to affect the crypto markets. Yeah, that's right. I mean, frankly, it didn't obviously moves a lot of money around. It usually causes a lot of sell-offs in equities and that probably extends to NFT markets as well. [00:01:50] So like we're finally through this. Terrifying annoying, wait and see tax time. So maybe this is like kicking off a, a new start, but we'll get to some more of like the speculation on what we can tell. Cause neither one of us have an account. The other big thing that happened in the last week and we were talking about it. [00:02:07] Oh man. This was the inverts moon, birds. We thought it would be big, right? We thought it would be big and somehow it was bigger. So I'm just going to like this is a Kevin Rose project coming out of the proof collective and proof podcast. And, you know, there's you know, it's a utility it's utility token gives you access and they're going to build them. [00:02:31] It's. It's copy paste a roadmap. Like we'll have a metaverse we'll have a thing, except it's being done by somebody who was the founder of big who's used to executing. Who's built up an audience of whales. So it's, it's ridiculous. Can you give us some numbers? Cause I'm just using abstract. Can you put it in context? [00:02:48] In terms of how big this launch was? Right. So I guess we should start by saying this minted. Two and a half Eve. And it was a, I think we mentioned this previously, but it was a raffle, only a white list. So I don't know how many entrance they had, but you know, if you were on that, it was like winning a lottery spot because they immediately were going for 80 or so I think nine Eve by the w. [00:03:12] Lowest for that I saw. And at that point I I thought that maybe that was a little overvalued and thought I would have a chance to get in at a lower price and they just kept on climbing. They've done. Let's see, the first four days they set a new open, see record. 240 million traded. The initial, it should say the initial sale brought in about 78 million directly. [00:03:36] So that's that's certainly going to get the attention of other other people with maybe the following or network that someone like Kevin Rose has and the experience that he needs, someone like that has. I'm sure they will look at that 78 million. In you know, a matter in a very short period of time, you know, as, as we know that there was a lot of buildup to that. [00:03:55] But that is an impressive Mount. And now they've got 240 million traded. They are taking, and I believe, I believe it's a seven and a half percent cut of the of the, of each sale there. So I thought they were. Oh, I believe it's seven and a half. Let's see. So I could be wrong, but let's say that, you know, even at the so I guess we're at about 18 million, they've taken in at seven and a half percent on that 240 million. [00:04:23] Although I believe that I've looked at a number just recently and it's, they've done a good number, a good number more than that. I believe it's up over maybe 400. 15 million now versus five days. So we're talking about crazy numbers. It's, I don't know. It's, it's done much more than I anticipated, as I said, you know, I do feel like that train has left the boat at this PO but the boat left the station at this point for me. [00:04:51] And I missed that one. Unfortunately, you know, but I do think. You know, it's hard, it's hard to, hard to surmise that this won't influence a lot of other people to launch projects like this. I can't imagine that many will come even close to the success of this project, but you know, you can, there's a lot of wiggle room in there to do quite well without getting to a 30th floor. [00:05:12] Yeah, look, we're going to dive into a lot of the implications of this. You know, we were, we were both sort of like we had parked some ease and I think we both have a, I had a reservation price. I'll say my reservation price was five eighth. Had those things gotten to five eith I would have pulled the trigger and it was, I just feel so frustrated that I was like, I knew it was coming. [00:05:34] I knew it was going to be big. I knew it would be a worthwhile investment, but I like looking at it. I can't be angry for no. Blindly pulling the trigger at eight E like, I can't, I can afford it, but like that's, we're talking about a massive investment in a startup company, right. In essence, that is been around for a year. [00:05:55] Like the proof collective has been around for you. We can get into it. But I dunno, I was frustrated because I really wanted to get one. I felt like I had followed the project prior. I knew about doesn't matter. It really doesn't matter. So, yeah, that train left and. I I'll just be S I'll save it for the next episode. [00:06:13] I'll save it for next episode. Well, it's a, yeah, it's impressive. So yeah, we will have to talk about that some more, get into that with what this means, you know, there's a lot going on still. You know, at this point we've just seen that floor climb and of course, we'll keep, keep watching where it goes, because I think it does have a lot of implications for the NMT marketplace. [00:06:32] You know, or they'd have to market as a whole moving forward. Small one here, the sandbox years up to raise 400 million at a 4 billion valuation. It's really strikes me as a lot of money. Yeah. I mean, I I'm gearing up for that too. Does this mean they have someone ready to, to give them that money? [00:06:51] I mean, that, that is a, that's a big valuation. I feel like it's a sandbox has been somewhat overlooked. Recently it seems alphabet with NFP world sort of taking over that. Voxel, like building in the don't know, with sort of a gaming aspect to it, but but clearly their wealth, they're still at least attempting to get 400 million. [00:07:11] That would be a, an impressive raise. Okay. Yeah. All right. I say we jump into an affordable project. You found us something interesting. I'm excited. I know nothing about this thing and I hope you don't pre. Well, we'll see, I hope you don't get me to buy another thing, but right now, just full disclosure, I don't own any of these things. [00:07:30] Do you own any of these fellowships? I do. Yeah. So this is so it's called fuel world. It's fuel paint drops. A few OSHA's is a young NFTE artist. Believe he got started in an FTR last year, 17 years old 18 now does a lot of, I mean, he does a lot of paintings including in real life painting projects where people can even kind of participate in some of the paintings, but very influential artist. [00:07:58] I think he's in. That we'll we'll sort of help. We'll help bring a lot of people into the space. He's got quite a following and as an artist really seems to influence people to want to want to interact with the pieces. So. Does paint drop was actually a nifty gateway, which I'm sure Georgia, you know, won't like but it was a, let's see, it was an open edition originally. [00:08:22] And each paint drop was 1000 was $1,000. There are paint drops that, so there's paint dry. That are multiple drops within them. So if somebody had bought maybe three at the at the nifty gateway auction, they were then minted into a single NFT that then contains three paint drops. So if you look at the collection, you'll see different paint, drop sizes. [00:08:48] Most of them are, are of course, just one single paint drop the total collections about 7,300 pieces. So that includes all of the different Large, a larger size paint drops that were amended in the NFT PR in the original open edition collection. Excuse me. So the, they are going to be part of a fuel world. [00:09:10] There's not a ton of details on what that exactly means at this point. But they, the, the paint and the amount of pink in your drop will sort of be, will this determine how valuable it is within the world can be redeemed for different Different things within the world. He does a lot of clothing has had a lot of like shoes done. [00:09:30] Some drops with artifact, a company we've mentioned the past and it's now owned by Nike. So I would imagine there'll be some opportunities to. Redeem for different pieces maybe to combine these pieces. So I think this is a longer term, hold the floors around 0.4 eith right now, which let's see today's traces. [00:09:54] Let's see how much that is over the over the original mid price. What do we got here? So, yeah, we're just a little bit. It looks like 1300 or so. So it's a little bit over the floor. I've seen some, some people buying them in bigger batches, but, you know, I think he can be patient and be able to pick them up for not much over the mid price. [00:10:13] And I think it is one that would be a longer-term hold good to get exposure to a young artist. And I think it'll be an interesting project. The future world. You know, whatever that is launched, you know, have to stay abreast of the, the infer, their info there, but could be interesting to see what he does with that. [00:10:29] Yeah. It seems like there's also an access element to this as well. If you go to that site, fuel world, that IO. So this is like is their first generative and it's definitely like talking about. You know, giving access to future potential drops unlock things and fewer world, including canvas and fuels. [00:10:51] So like definitely not just a PFP, how it say ER, it looks kind of cool and yeah, I mean betting on young artists and, you know, sort of first community level. Is interesting little pricey for, for affordable. And I always like you, you joked, you're like, oh boy, it's from nifty gateway. Like yes, nifty gateway, ha I have some issues with it. [00:11:15] But it's great for on-ramping. It is great for pulling in new artists. And also recently I realized, I didn't know this before that they actually found. Like they convinced people to do. And I did not, I did not know that actually that's so they've they've certainly brought that that's certainly a win for the NMT industry in general. [00:11:36] I mean, it's hard to imagine that that everything that has happened this past year would have happened without people's. With, I don't know, let me say, I mean, not certain things would have happened. He certainly helped bring a lot of attention to the industry and a lot more money into it. Correct. I think he accelerated the sort of Christie's level game for sure. [00:11:56] Which then sort of imbued the rest of the artists capital a, that we're working for a long time originally in the medium, also that lift. So again I, I will say. Just to come back to the statement though, when I look at a piece that I saw an open edition mint on nifty, it means it's saturated the market of people that value the thing at X price. [00:12:20] And we've even seen that with our own holdings in our X copy pieces, which are like oscillating above and below mid price right now. And that's fine. So that is just stuck firmly in the back of my mind of like, this was an open edition. Probably for 10 minutes and it's saturated the market. Now the floor does seem to be holding in and around this point here. [00:12:42] So like that post, like, it looks like it dropped on on April six and it did have a little peak trough kind of game there. So take a look at it and remember like go back and listen to one of our thin versus thick floors on this. But this is. It's relatively one other note I would look at if I were to get it. [00:13:03] If I were advising someone to get one of these, look at the doodle count, there is some rarity there, and sometimes you can find most of the one page. Drops are single doodle count, and I don't know how much this will matter, but the there, the two doodle counts are much rarer and are often sort of the hidden in there at the floor price despite being much rarer. [00:13:30] So I think there is an opportunity to maybe pick those up When people don't quite realize that there is a difference between them you know, and it may not mean anything in the fuel world, but it could. And I started that and I think it could at least help in a when selling it once people start realizing there is a different level of rarity to those, oh, this is awesome. [00:13:50] Good job bringing us up. I'm definitely gonna look at it. And again, just shut out. Like when I'm going to look at it I'm not sure yet, but I like that. It's not just a PFP. I'm looking for things with utility. I'm looking for artists capital a, that are going to be in the game and build up a style and brand. [00:14:06] And yes, I definitely have heard ferocious come up a bit. I'm also gonna use the wagging tool to like, do exactly what you said. Look for the. It was called a trait gap Delta and looking at the trait gap deltas. So it basically means there's like a whole bunch of mini floors based on all of these silly traits. [00:14:22] Some of them don't mean anything. And some of them actually mean that you can find something that has I high Delta, right? You want that large difference between like where it's listed at the low versus the next highest price which can get a little junked up when you have a ton of. Traits, but it's worth taking a look at. [00:14:41] So just sort of sharing a bit more of like what it means when kind of look at a project because each one is unique and we could spend forever on it. But thank you for bringing that to us. Very interesting. All right, well, let's move on because we finally get to talk about Coinbase NFT marketplace. [00:14:58] I was, it, this was like announced. Nate the chatter around, I believe it was, I think it was no fun a year in crypto township, you know, six months. Exactly. That's the fuck, man. That's a long time ago, you know, we've had, we've had multiple seasons. There was a bear market in December, you know, and then we had the rally in January and then we had another bear market and another rally. [00:15:22] And I don't know what we're at now, but it, it moves fast. So we've got a few cycles here since. Launched. It is the, as we mentioned, it's a beta, so we haven't actually gotten to list or, you know, use it directly, but you can actually use the, you can go onto it. Anyone can go on to the to the site and try out certain aspects of it. [00:15:41] So yeah, what's your, what's your impression, George? A bunch of things. One, anybody can go to NFT dot Coinbase dot. And I'd encourage you to go there and click on the things. There's a lot that I feel like I can Intuit by looking at the UX decisions. And so some of, some of these pieces are, there's a discover section, right? [00:16:02] Where they're trying to use this as an editorial, very clearly an editorial driven kind of thing. But also there's going to be like a for you section so that maybe they're going to curate NFTs based on what's in your wallet, as well as trending collections. And then there's a very interesting. Accounts to follow, and that really speaks to the social second, cause this is a platform for a social second type of utility. [00:16:28] And it's much more of kind of like an Instagram vibe meets open sea, which is very interesting. My mind immediately goes to the way that, you know, if you use Venmo, it made PayPal social, and suddenly you have this like funny feed of like, oh, so-and-so pay them for. Gambling or beers. What have you? This seems very clear that because they have this like little add button and it's like add an ad to follow for, you know, they got the blue check marks, even they even have the blue check marks. [00:17:00] So I think you see a much stronger profile first type of imagery, which means they're associating and bringing in an FTS as the primary medium of sort of the social post. Yeah, I agree. This is it. It seems very social. I wouldn't say social maybe first, but social forward. And much it's something that people have maybe, I don't know. [00:17:26] So he'll ask for an open seat, you know, and then I think a lot of people are also wary of opening it up to. To the opening up these social aspects, because I mean, as we've seen on on Twitter and even in emails, there's certainly a lot of potential for for, for deceitful links that being said, you know, if they're ready to actually monitor and, and, you know, clean up what is posted on their marketplace, you know, I think it could be a very interesting feature to add in here. [00:17:58] And you know, obviously we've seen that Instagram is quite successful by they let people share pictures. Comment on them. So I, you know, adding some of that into the NFT world, which is so visual as it is, could certainly be. I do think it's interesting that despite the the sort of social forward part of this, that it's, there's, from what I've seen, there are complaints about people registering accounts without any sort of verification or account names without any verification. [00:18:26] So you've had in certain instances, some sort of web them, sorry, that's some sort of NFT Twitter. Personalities being faked on the NFL, on the Coinbase platform. And those names inside of one case, it's a name being held for, you know, held for some, you know, read some of that type of price. And, you know, that's a little disappointing that there wouldn't be a little bit more engagement with the current community. [00:18:52] I mean, it's, it's not that hard to go and find who are some of the big influencers in And if T Twitter and, you know, in various other places and at least make sure that those people are verified on the, on the platform, because I think that would go a long way to helping people have more security on the, on the platform in general, the mistakes that are going to be made. [00:19:14] I think it's really smart, albeit frustrating that there's a limited number of people in here because frankly, if, if something is wrong with the contract, something is wrong with. They probably want to figure it out in a small contained environment rather than 3.7 million over 4 million. Now, probably on this week. [00:19:32] It's just, yeah, that's what I've heard. I've heard over 4 million, so yeah, it'll, you know, it's hard to imagine that they can, you know, how they will be able to monitor comments in a, in a way that I don't know it in a way that keeps users safe. So I'm wary of, of how that works out. You know, we've seen that. [00:19:51] How hard it is to kind of monitor what, what things are being posted around on social sites. On many other occasions and, you know, although 4 million is nothing compared to those networks, that's still a lot of people that could be posting and very difficult for one platform to, to fully monitor, I believe. [00:20:09] Yeah. I would say the overall UX is. It's clean. It is a very visual, obviously the point of it is to get out of the way of the beautiful, weird, bizarre art that you have. And so I I'm impressed really with just how clean this is. Maybe that's to a fault, as you may miss some of the features you are used to in terms of being able to dial into a project, but it is really accessible, I'd say, which is what you need. [00:20:39] For that larger adoption, because I'll be honest, even still with all the open sea updates, it's still very wild west and easy to make mistakes. Also. There's comments. Did you see this on individual? So that's part of what I was referring to. Yes. And that comments that are being left there. So I've seen a lot of negative comments being left with other people's real names and that's, you know, that's a little, I don't think that's a great user experience for anyone. [00:21:06] So, you know, that's what I would hope would get cleaned up in some ways. But yeah, like you said, it is it's, it's very visually pleasing. I do like that there is some I don't know, curation to this. It's not complete, not any contract will just automatically be listed here. At least that's what I've understood. [00:21:27] But Han looking through the comments, it's, it's a lot of junk in there. So we'll see if that can, you know, how much that adds to it and it, you know, if it gets to a point that it's not, I don't know. I'm not sure what they'll be used for. I'm not sure if, if there's a lot that it can, that can be positive out of that for these NMT collections that I don't know. [00:21:48] It's not like you're looking at one piece of art that needs to be criticized. Yeah. I know. Obviously, like everyone's trying to pump their own bags and, you know, go about unleashing their discord armies on no, this or that. So it's definitely something that's going to be. Manipulated quite a bit because there's both social and financial incentives in play. [00:22:09] And also remember the internet. I'm trying to think, you know, my first approach here was to kind of browse through this shop section and just get a feel for what's getting posted. And frankly, like what is at the front door, right. Like, so I look at that front door and trying to figure out what are people going to be driven toward potentially as like, oh, what makes sense from like first person? [00:22:32] As in like, what will potentially benefit from a reasonable floor for a good project that is listed here and I'm having a hard time kind of getting that because I get trending collections, which is just not helpful. It's like, yeah, okay. Go buy a moon bird. And like, that's not what people are gonna do go to shop. [00:22:51] And one of the things I did is like, look at price lowest. I could imagine people doing that because there's limited numbers of. Features. So that'll say like, okay. And I'm trying to look for anything of quality in this like lowest list NFTE, because again, this many people wander into a new store, they have access to capital. [00:23:10] Like what they're going to do is shop this. So I'm trying to figure out if there's an angle on analyzing the UX and what's listed and picking up any of these projects. I haven't found any alpha yet. I might have some in the next podcast, but I'm I'm looking around. What do you think. Well, yeah, I guess there is something there, you know, I don't know how much the, you know, how much the collection or, you know, what's offered on the platform will change as they evolve and as they start letting new people in you know, I obviously didn't, haven't heard much about the plans of actually opening up the marketplace to more users. [00:23:42] So we don't know. You know, at this point, I would imagine it's a pretty small amount of volume that's being done on the platform. You know, and that's, that's going to change, you know, as we've mentioned in the past, and there's a Coinbase effect to tokens and we've, we've talked about how that can happen with NFTs as well. [00:24:01] And, you know, the idea is just more exposure to more users is generally very positive for. Dogan for a NFT collection, especially one that is already doing well. So I think that that's, you know, we're going to, I think it is worth watching what happens here. You know, I think it may be somewhat early to start making our, our plans of which projects may may be featured once they open it up to more people. [00:24:28] Because we really don't know that part yet. You know, we really don't. I'm really interested in this sort of discovery though. There's something here and this for you, I don't think should be sort of overlooked. I'm talking about nfte.coinbase.com/discover the discovery element because what is that the top of, for you for the 40 you discovery page right now? [00:24:50] Just curious or what are some cold blooded creepy? Okay. I've just, I mean, I imagine this is a personalized feed here. Is that, how can I, cause I'm not signed in, but it seems to like, it's like changed. It's true. Yeah. That's a, that's a good point. I'm not signed in either, so I don't have a wallet. Then I see a doodles. [00:25:10] Then I see a psychedelic stuff personalized to me at all. No big projects, but, so here's what I'll say. Why that's interesting to me is because. There are more individual NFTs listed on open sea than there are. I've heard this like pages on the internet, right. Websites on the internet because it has proliferated so much. [00:25:33] So that means that discovery is sort of this huge opportunity. And like, I'm wondering, is this going to be algorithmically generated editorially driven based on my price range based on. What interests and, you know, it's similar to the way many, I think artists have found potential success because they are, you know, in an EDM category that gets picked up and they get added to playlists. [00:25:56] And so paying attention to how this sort of curates, not just at an individual level, but macro, it may be like, this is like the, the front page of aol.com when you land on it. It may actually carry some, some influence there. So again, I don't have the. I don't have the next tech action, but this is like what I'm seeing. [00:26:16] When I look at the page and potentially extrapolating about what 3.74 million users do when they wander into this? What the heck should I buy? Like what year is interesting? Right. I th I think one thing that's important to take into consideration is kind of the level of user that will be coming in here. [00:26:35] You know, we're not as much talking about the early adopter, the, the, the person that's as willing to put up with with some of the technical challenges, you know, I think they're trying to overcome that. I don't feel like there's going to be a whole lot of, I think there's. Multiple chains listed on here eventually. [00:26:53] And it's not going to be a whole lot of impetus on the user to figure out the technical challenges. It definitely feels like it's made to make it easy much like Coinbase has made crypto easy for someone to just connect their bank account, put some money into a token. You know, now I don't know how many tokens are on there. [00:27:09] It used to be a very small number to make it simple. You know, but I think that's kind of the approach that they're going to take here. Relatively simple to get started. You can get, make it friendly, make it for the next that next wave of adopters that are curious, but somewhat hesitant right now. [00:27:27] And it's, it is a very different I'd say it's a different user mindset than, than the average open, see user opens the users are, are, you know, have been more willing to take those risks and are on these, you know are willing to put up with maybe the problems. But this will be a new, you know, it will have a lot of influence where, how will they direct attention for people that aren't thinking quite as Quite the same way as other users that maybe are thinking of in the verify, you know, trust, but verify sort of mentality. [00:27:59] That's more accepted on web three and, or sorry in like the I don't know, in the open web three then these sort of dated marketplaces. Yeah. I I'm just, you know, I'm excited. I wonder how quickly they're going to roll this. Yeah. Yeah. That'll, that'll be interesting. I mean, I'm sure that some of that depends on how it's going and the feedback and everything, but yeah, that we've got to watch this now because you figured that it's, we're not going to see those long delays of, you know, something soon and then hearing nothing for, for six weeks at this point. [00:28:33] Yeah. Well, they they're in the game, they're in the game now and it's going to impact them. And it will be bringing in more liquidity, more liquidity to more projects. Yeah. I don't know what it means in terms of the NFD marketplace, but I do know their, their stock has not been doing well since its IPO. [00:28:54] I believe it's quite low, so I could definitely see them trying to use this to instigate a little bit more action in. Stock. I, you know, I can't, I have no idea exactly how that would all come into play, but it seems like NFTs are. Sort of being used as a way to to bring back some of the the forward thinking growth mindedness of investors that has sort of fallen by the wayside recently. [00:29:26] Oh my gosh. You're not kidding. The past year. It's down 53%. That's ouch. Ouch, ouch. Currently Yetta. Yeah. Right. Should have actually, instead of this, stuck on a button. Although, I don't know, a year ago, you may, you may still be down. I don't know what the price, not 53% though. I can tell you that. No, not that much. [00:29:47] All right. I'm just looking through the show notes. Oh, KYC. I had a note. I know your customer stuff may be in play for some of these projects though, if you're coming. So here's the game. If you're authenticating and coming from Coinbase, right. And they're managing your wallet and this is like a management. [00:30:03] It's KYC. They know that they know your information and you know that they know that. Which has tax implications and reporting and just know that going in. However, they also, from a report I heard are allowing for just connection via meta mask in the, I have the Coinbase wallet. Right. That's interesting. [00:30:22] Right. So that's like, okay, that's a, that's the side door. So part partially KYC there. And it seems like any projects, you know, once you're in the door, you can kind of be listing stuff. I thought it was going to be much more. Curated, but from what the list I just looked at, it seems a lot more open than I realized. [00:30:40] And yeah, if you're checking out on an individual project, it's, it's nowhere near sort of where you need it to be for filters and like, understanding like what's going on with the product. It's like really feature lacking when it comes to like, Well, we were just talking about it, right? Hey, look at this, you know, filter on the attribute for number of doodles associated with it. [00:31:00] Like none. No, no, none of that's there yet or who knows if it's there or not, and maybe they're going to rely on other pieces. And in the back of my mind, you know, just to put my own bags here the Wagni tool like comes into, you know, hand quite quickly when you're saying like, look, I need something to analyze what's going on. [00:31:19] I see. There's like interesting things going on. Coinbase, but I like, I want to check out what's going on with these traits and details. So these third-party tools I think we'll have a run-up of interest as well when people realize like, wait a minute, like, what is this project actually doing? What are the traits? [00:31:37] What are the angles? Who are the holders? And it's also going to drive up, I think, speculation based on influencers, on the activity of influencers and being able to track whale, wallets, and like their moves are just going to be much more. Associated with, for example, like Elan tweets about buying Twitter and suddenly shit goes wild. [00:31:55] Like, look, if pump punk, you know, X number, whatever, tweet something, or now a NFT posts, something in their feed. I think it's going to be much more about like alerts and people paying attention to it. So there may be a, a greater consolidation around these NFT influencers. W I have an episode theme for that in the future. [00:32:16] All right. We'll have to get onto that later. I think we have covered everything on this one, George. We did it Coinbase up. I can't believe we did this episode. I was so happy when it came. I didn't, I beat, I beat you to it. I was like, ah, I posted it in our discord. So yeah. Join us in discord. We have conversations about this, you know, tell us where we're right. [00:32:37] Tell us where we're wrong. But if you're going to. A five-star rating, please do it on whatever app you're listening to. If you're going to leave a three-star like just leaving the discord, just let us know. All right. Thanks. All right. Bye George.  

Theme: Trickledown Ape-a-nomics How does historic significance affect value? How are sales from biggest NFT projects finding their way to the next gen of projects. Or is money just flowing out? Newer projects have dominated during NFT booms, with BAYC, Azuki, World of Women, Doodles, etc dominating while CryptoPunks have been surpassed and older projects like Mooncats, Cryptobots have not seen floors rise NFT News Rantum NFT Market Data,  Cryptoslam.io NFT Headlines:  OpenSea rolls out credit card payments for NFTs  How the FBI made its first NFT “rug pull” bust  Liverpool's NFT range flops with 10,000 sold out of 171,000 in first six days cryptocurrency foray | Daily Mail Online  Past project news: Red Village launched their game!       Transcript [00:00:00] Today on all about affordable NFTs, our theme trickle-down economics, essentially. How does historic value actually get impacted? And how does that significance plan to Andrew? It was going, what do you see in the news? [00:00:15] Yeah, I think this is a good topic. We have seen a lot of, a lot of movement in different projects ever since that ape token was dropped. [00:00:22] And it's been interesting to see where it has fallen. So we'll get into that a bit more during the show here. But let's see to start off. We've got another shot or another headline with open. See all we've always got something going on with open seat. And this one is in case you haven't noticed yet they have rolled out credit card payments directly on open sea. [00:00:44] So you no longer have to have already purchased your crypto somewhere else. You can actually purchase crypto, right. Or purchase the NFT via. A credit card similar to have nifty gateway and some other platforms do it to open. See has this. Now it's been out for a little bit. You may have already noticed this if you've been on the platform. [00:01:04] I don't know. I haven't taken a look yet at how if that's actually if you can see this on chain, I assume that there, that this must be visible on chain, but it's done in different ways. So it would be interesting to look at how much it's being adopted by users. [00:01:18] Yeah, I'm curious. I mean the moon pay application doesn't actually serve as a wallet. [00:01:24] You still need your own wallet connected. So there's no custodial element, but what this also does, it's not just a small payment feature, but think about what a credit card is. It's buying on credit. It's not the same as saying, Hey, I have to actually have these assets in the form of ether west in my. [00:01:44] Wallet it's. I am going to borrow money from a financial institution to make a transaction here that I have to pay back in 30 days or pay a, an APY on. It's interesting. [00:01:59] Very interesting. Yes. We've seen a lot of discussion around this, on other platforms other. Robin hood comes to mind. So it'll be interesting to see what happens here. [00:02:10] Yeah. I mean, it makes me a little terrified. I may just never do it because I gotta be honest. I'm one of the ways I stopped my fricking FOMO and clicky clicky of just running around and buying stuff nonstop is actually a throttling. The amount of these that is in my wallet at any given point and, and just, just taking it away from the hot wallet and moving it to staking or moving into other places so that I think. [00:02:33] I feel like, oh my gosh, here's an opportunity. But only for now, now, now, and having my credit card attached really removes friction in a way that I don't think helps the the inner demons. [00:02:43] Yeah. That's, that's a dangerous one. I am likewise going to stick away from a connecting that I do have ways to spend my ego as it is. [00:02:53] And don't need to add to that. [00:02:55] All right. We have how the FBI made its first NFT rug pull bust just in time to save other would be victims. So reminder rug pools, meaning the founders create a thing. And then they just run away with the money after making many, many promises. And in this case, it's a couple of 2020 year olds that they found are not facing. [00:03:19] Criminal charges in Manhattan, federal court for scanning investors under the NFC project. Frosty's w it looks like 1.1 million from NFT buyers, and then they just abandoned the. [00:03:31] Yeah, actually a relatively small rug full we've certainly seen much bigger ones. But you know, they left a lot of evidence around and made it relatively easy for the FBI to catch them. [00:03:43] And it seems like they definitely want to make an example here and hopefully it is a warning to others that are doing the same, not to get into this. I'm sure we will see some other busts similar to this. In general, It's tough to, to cover up all those digital tracks. And I think most of these, most people weren't necessarily thinking that they were going to need to do all of the cover up when they got into it. [00:04:10] So they, they likely have some leaks out there and we'll see similar from other rugged polars in the future. [00:04:17] I here's, I got to say it like I smile when I see this type of regulation kinda come in because if you. Predators like this continue to proliferate and profit from the NFT market and people that are still figuring things out. [00:04:31] It hurts the overall ecosystem. Like the truth is you do need oversight. You do need some form of punishment, not just like, oh, too bad. You should have known, like should have known what that like taking a bet on two unknown founders that created a thing and they were. Young when they did it, didn't have a past record. [00:04:49] A little thing called you know, the board eight gap club came out of a similar start. So you're betting on limited information and promises made by folks. There is punishments for false advertising for falsely representing a product. In addition, And this is just sort of making it a touch, more tangible. [00:05:06] And for the other folks out there that people that are planning on saying like, oh my gosh, what an easy way to rip people off. I feel like it's a little bit like the early days, early, early days. Facebook follow me on this where I was, I was like one of the first colleges in there. You were one of the first colleges in there when we were at our age and Facebook rolled in and we didn't realize taking stupid pictures on spring big, but actually be associated with a professional identity down the road, all tracked, watched, and saved and recorded. [00:05:35] That's what's happening on the blockchain. Now, if you are being a jerk at scale, like in thinking you can just roll into your next project, there's a and they're on the blockchain and it's very clear that there's a long memory here in the same way that like making those mistakes are, are hard to cover up. [00:05:52] I'll be honest. Maybe we should go on Facebook now, take down some old. [00:05:54] Yeah. I mean, I think there's a lot more people looking at these things, a lot more people looking for ways to, to find these people. So it's not even just the FBI, but there's people out there looking at these and, and voting people to next projects that people may be connected to. [00:06:12] So definitely a good to see that Action being taken against people like this, because I think making the industry safer will attract more people to it in the long [00:06:21] run. Yeah. I mean, the truth is when you piss off 2000 people, you've also added financial incentive for them to destroy you, find you and bring you to justice. [00:06:32] I'm looking at the Frosty's NFT and there's 2000 folks that bit into this one. And like, it kinda is. [00:06:38] All right next on the list here of our headlines. We've got, let's see, we've got Liverpool, the soccer, they football club, Liverpool soccer, they sold 10,000 NFTs. Isn't that great, George. [00:06:51] They sold out. They, they there's a, there's a. [00:06:53] Oh, they were trying to sell 171,000 NFTs and they sold 10,000. So not so successful in that light. I have no idea why they would start with 171,000 as their first drop, because as you can see, 10,000 would have sold out, they would have had a success successful drop and stead. [00:07:14] It's looking not so successful. And I can't imagine that they're going to mint out. Rest of the 161,000 of those. Anytime soon I could be wrong could have changed by the time you're hearing this. However, I doubt it. [00:07:27] Yeah. Fans were not happy accusing the club of trying to exploit them. It did seem like a lot of the money or a portion of the sales were definitely going to their LFC foundation. [00:07:38] But again, it's, it's very clear when you, when you push it too soon or you don't. Your base in the right way. They see it as a, as a cash grab instead of a, a stake, a stake in something that connects them with the, the team and the brand there's ways to do it. It's a waste to not do it, but I mean, that's an aggressive start, your first drop. [00:07:59] I think we can push 171,000 in these things, the market size of people that like Liverpool's about a couple. Yeah. I feel like somebody did. Forgot to carry the one in the total addressable market game. [00:08:13] Yeah, it doesn't, it doesn't look good now for moving forward with that project or any other projects when you've got that on on the blockchain. [00:08:22] Yeah. And I'd like to see that it makes me sad too. Cause again, I am long soccer this year. That's right. [00:08:28] Yes. I have [00:08:29] not brought that up at [00:08:30] three episodes. The recurring theme George has moved on from, from these stable games to re reminding us of soccer games, soccer, NFTs, [00:08:40] soccer entities. Past project news. [00:08:43] I was very excited because the red village, the other week, I forgot to mention this, but the red village launched tournaments, you can now play with those figures, the red village being a project that we have had, and we are both a full-disclosure owners of these little champions who then go beat each other up in the ring. [00:09:01] I'm just happy to see a team finally get to launch. And I see this again and again, where there is a game launch date set and it just, you know what? Surprise games are. Hard games on blockchain are also really hard because we're also saying there are financial implications of them, but they have launched. [00:09:20] I have actually fought with some of my some of my champions. We haven't had any big wins yet, but I am not deterred. And it gets me excited gets me excited for that project, but also puts in the back of my mind when you see a date, just add three months and then consider what that does to the assets. [00:09:38] Yeah, I think that's a good point. The game development we're seeing is a much more timely production than, than most of the projects predict. And whether whether it's red village or cool cats or any of these games nifty legions we're seeing that these take a lot longer than anticipated and. [00:09:58] Crypto unicorns. Eluvia like, there's tons of these things I'm watching. I'm on human park. There's like a little bit of a delay. Another one I'm watching is the crypto bots. Obviously we're both folders. There are, I'm a holder there and there's delays like it's it it's it's part it's. [00:10:16] Yeah. And unfortunately I, it doesn't seem like any, like, there's a, like there are many teams taking the, the step or the approach of, let's not say anything and then just deliver the game. [00:10:28] Th th we haven't, I guess the people that have been doing the most of not saying anything and delivering something is The yoga, the yoga team, but we haven't seen a game from them at this point. And I don't think that they would be one to say, it's going to come on made first and then fail to deliver on that. [00:10:45] That's something they have gotten, right? They haven't set dates, set expectations, and then missed on those. And we are seeing a lot of teams do that. And that's, that's tough to keep people interested in. Happens a lot, even if you end up delivering later on, [00:10:59] I don't envy the marketing teams and the marketing planning going into this. [00:11:03] You have X number of marketing dollars say to spend, and you have got a sort of range of time. So the question is, when do we start? All right, we should start now in anticipation of this window or this range of a game being launched. And suddenly you, if you've blown through a lot of your marketing mechanism, pulling people in, you've gotten people really excited and expectation, and then you're dealing with this trough of production. [00:11:26] Where the real data production then just eats into all of that momentum. And so when you don't get those Dominos aligned and it happens a lot, a lot, a lot it's, it's tough, but also I, I view it sometimes as like a, a test, your conviction and buy-in then so even if you sort of miss the mint and a lot of these games there's another project had been watching traverse actually, which is similar. [00:11:49] Like I was I almost like eight, 10 to the initial drop. I realized they didn't plan a game until Q3 launch. And I was like, tell you what I'm going to check in on you this summer, see how you're [00:11:59] doing. And I think that's a important aspect. With these games, if you are interested, there's probably going to be a lull where there's going to be a good opportunity to buy because. [00:12:10] Unless it's a completely bucking the trend. There's going to be a delay in the delivery of the actual game. And we haven't seen any any team not take that route at this point. It's hard to not do the mint when you see the opportunity to go. Get the money to do the development for the game. [00:12:27] And it's, it's tough to deliver a game. So that's the order we're seeing it happen. And for the most part, but it doesn't mean that mid price is often I dunno, not the floor in the at least medium term. [00:12:40] Yeah. All right. Let's talk about our theme, trickle down economics, which is just a sort of joke at the the ape economy. [00:12:49] We all now live in, in the NFT land where 25% of all of the area based, I guess activity, roughly speaking is under the good old UGA labs with a board, a yacht club and punks and me bits and and all of the projects under there. But. Think about it though, when someone is buying in what's what's the floor at, for board apes right now, [00:13:10] like close to a hundred. [00:13:13] Oh, I believe it's over a hundred right now. Thank God, 15 or so it's some, some absurd number over 300,000. Yeah. [00:13:22] So when that amount of money is sort of in volume and floating around, just in that ecosystem, it has a sort of a gravity to it and it pulls money into its own orbit and the hope. This is maybe what we're starting to see is that as people begin to take profits and diversify, so for example, maybe you're holding a few of these assets worth hundreds of years. [00:13:45] Maybe you take a beat and say, you know what? I can't help, but notice a lot of these apps are being targeted for hacking attempts or who knows what's coming, take the profit and roll it back into other long tail projects. The next sort of round of. Of board apes, right? I mean, the truth is if you own a board ape, it'd be one of the best investments in recent history. [00:14:06] Had you found it at the beginning because of the multiple, when you have multiples like that? I think there is some narrative that saying like, all right, let me like take the profit and maybe look for that next round, because clearly I was smart enough to find it once and it had an absurd model. [00:14:23] Yeah. I mean, there definitely are people rotating out of these. We've seen we've seen some other big name projects shoot up in price. Pretty significantly lately. Zuki is one that comes to mind the price, the floor price there got as high as 30 at one point, I think it's down, back down to 20 some odd at that point, but there's a lot of projects now that have really. [00:14:46] The uh, is over 20. And I think that is it's it's some people coming in, but I think it's more often people rotating out of some of these, these really big projects and maybe it's selling out of them, but I think it's, it's often people may be diversifying if they have multiple apes, if they we're, we're fortunate to buy those at the right time it's certainly certainly worth selling it at a certain point or at this point, and maybe looking at some other projects and I think the F the first place to look when, when you're selling those, isn't looking at the tiny projects there it's, it's pretty significant. [00:15:20] It's a significant amount of youth. And I don't think that most people want to go and buy a lot of things under maybe half an and it, after selling a 110 each piece, so there's still a lot of people willing to buy. These other pieces that 5, 10, 20 Eve because they can, that's still diversifying quite a bit from, from holding it all in one single piece. [00:15:43] So know, I think we're seeing a lot of people rotate into those trickle down to these other projects. And you we'll see how much of that continues. Like I said recently we saw the, the highest number of sales in a single day. So I think that is telling that maybe there's more going on than, than just. [00:16:03] Projects we're seeing those four prices rise, but I think we're starting to see volume kind of trickle down to other projects. And it's, it's, it's kind of easy to assume that that the same thing will happen from these, these other projects where a 25 eats sale is all of a sudden split into smaller projects. [00:16:21] And so. [00:16:22] Yeah, you see this sort of the next tier. So you move from the shopping at the top the top 10 to the next 10, and then you get in the land of like you have your MF offers and Adidas, a world of women galaxy. I think you own one of those. [00:16:38] Yeah. Th that was the one that just dropped. [00:16:41] So that was their second part of their drops. So yeah, that's when the worlds of women, I think that's gone, I believe that's well over 10 at this point. And I think seeing people kind of connect to some of these stronger brands that have continued to deliver and I think that's what we're seeing with the world of women with with Zuki. [00:17:00] And I think they, I can't remember the name of the the airdrop that they just did, that, that grows to a. I don't know, over five Ethan value. So in an associates needs associated projects, I think people are looking at someone as the, the mutant ape version of the the board apes looking for projects that are connected to the, the big brands that are delivering and realizing that it's these teams aren't just limited to one single project. [00:17:24] If they are able to deliver they're going through. It's a community. So we'll continue to grow and add value and not actually dilute over time. [00:17:32] Yeah. I mean, You're saying that the trickle down is really just looking at that next tier. And you think that when people are flipping the larger projects, they're still looking for that type of historic significance, but also executing team, cause there are overlooked projects. I happen to own a lot of them. Cause it's my narrative thesis aside from games that involve horses and. Soccer this year, but it's about the, sort of like the moon caps, moon cats in crypto bots that just like, I'm like, they have historic significance to sit in there, but they're [00:18:07] sitting, that's a good question. [00:18:09] Does seem like historic significance if it's not held much value. At least in this rotation of projects it's, it's been going to to newer projects. Like Zuki, like Ms. Firs and a lot of practices have been [00:18:24] like, [00:18:24] yeah. Like 10 that that has continued to have to move up where I think that's up in the high freeze now as a floor and. [00:18:31] But a, I I think, I think part of this is we're seeing teams learn from the other ones we're seeing from ones that have failed in the past, but we're not seeing much value attributed to historic projects. And there could be a couple of reasons for that. One is if they haven't had much success in, in marketing their project for a long time it's hard to imagine that. [00:18:54] It will all of a sudden start clicking. And they obviously would, would have a challenge with a relatively inactive hold their base. It's people that aren't there's not a lot going on in these projects, so it's tough to kind of light a fire. So we're seeing these active teams that come in and there's a lot of excitement and they can ride the momentum and continue to deliver value. [00:19:19] Those are working right now. We've talked about how that, that can you can run out of momentum. But at this point, I think that the teams that are there behind the projects. Where these profits are being rolled into where or trickled down to have largely delivered in their teams. [00:19:38] They aren't individuals, they aren't maybe projects that just were happened to come by and mint on the blockchain. They're pretty well thought out. And they've learned a lot from the projects that came before them. And so it's hard to see that these will that are just rotate on from these two other projects that maybe are overlooked. [00:19:57] Yeah. And I, I think the problem is we're looking at the irrationality of this week in NFTs, as opposed to this decade and what I mean by that there was a an interesting thought from milk road last week, and then. Articles saying that only about 1.4 million users have boughten in a Tiana open sea, which means 99% of the internet has not bought an NFT. [00:20:19] They posit that what percent of internet users, people that are savvy, regular interacting on the good old interwebs will buy some kind of NFT in the next 10, 15 years more that's the answer. And there is a report. The, like we stopped, we stopped with the hypobaric, but the Coinbase NFD platform has 3.7 million users on the waiting list. [00:20:45] I'm going to just put that in context again, real quick. 1.4 million users have bought an NFT on open seat. There are 3.7 million users on the Coinbase waiting list for the NFT market. There. [00:20:57] That's that's a big number. That's a significant number. And I think there, you can make an argument that anything that's already there can hold significant hold historical significance to, to a new user. [00:21:08] And the, the difference between a project that came in 2017 with it hasn't and, and in 2021, or may not be. As big as we think it is in terms of the significance. And there's a big difference, I guess, in, in the approach that the teams have taken. And certainly the momentum that a 2021 project could have versus a 2017 project. [00:21:35] And at this point, the strongest early project is crypto punks. And we've seen that, that. That has struggled. Certainly that the historic value narrative there has, has failed to keep up with, with board apes and it's not even close. So we're seeing that in other projects as well. [00:21:53] And I think that's something that we didn't seem. Crypto currencies when we've got these layer ones that come along and, and maybe steal some of the, the shine from a theorem for a time, for a short time, at least but then it does come back to with your hands. So it's tough to say what is going to play out over time and NFTs. [00:22:11] But I do think that we have, you have to be a little bit wary of assigning value, just due to historic significance. As we're seeing that doesn't with most of the, the, at least the. Profits, it doesn't, it seems to be rotated into newer projects that maybe are more influenced by board apes than by crypto punks. [00:22:30] Yeah. At a certain point too. It's you're sort of testing your, your, your thesis and I, the immediate project that comes back to I come back to like moon cats and they continue to press forward. Right. They're still pushing stuff out there. And. Their, their team is certainly docs and known they were at it. [00:22:49] And since 2017, we talked about it as an affordable project. It had a this sort of perk up and down and it's it's a little bit down right now. I'm like do you double down on your thesis or do you like start shopping for something new? And that's kind of like a tough call. [00:23:05] What do you think? [00:23:05] And there's been some. Some more active discussion in the discord there. There's been some some maybe unhappiness among some of the discord members there, but it's not just in that project. It's eat moon. Cats are sinking. Cool cats. There's people grumbling about the a lot about the, the price, a lack of action. [00:23:24] Both of these have both those projects have talked about games that have yet to be released. Moon cats has been upfront that it's going to be a very long time until the game. Is actually released. Cool cats. On the other hand was supposed to release the game, I believe in January. And it's still not. [00:23:41] I think, I think they have it in testing. [00:23:43] That's the, that's the production trough. It's like you get it. I really think you do a moon cast. I was like, look, we're trying, but it's. [00:23:50] Cool. Yeah. And moon kids has also admitted they're not great at the marketing side of things. And that's been a challenge for them over the years. [00:23:58] And that is a concern at a certain point the marketing is necessary and you can't just expect people to do see the significance of this historic The historic importance. If if people aren't paying attention that historic importance, isn't going to demean a whole lot, especially if another game is doing it much better I'm not saying that it doesn't hold value. [00:24:19] I just, I get wary when I see teams kind of delaying things and people getting wary in Cuba, getting concerned about the lack of delivery. Yeah. What, what is to keep the bill around there? I guess it's is it just their [00:24:34] certificates? Here's a, here's a brutal, what if for you, because you're a bit of a whale out there and you have owned a crypto punk at one point. [00:24:43] And me that's as well. Here's here's the trade off. You can technically buy, let's call it 10 moon casts right now. Or you can buy one MF, right. And MFR is in the teens right now for a top price. Maybe it gets some trickle down love. Maybe it's like the next one to go from like definitely hyping to like absurd hype. [00:25:02] Or do you say like no, no, no place in like a attendant cat bed. [00:25:06] Yeah. That's a, that's an interesting one. So what would you do? Yeah, I'm, I'm thinking, I think. [00:25:12] Yeah. He filled me in a tough position here. I think, you know that, I think at this point it'd be tough to at the end of the day, it's a little tough to buy right now at that phrase. I think it may be a little high up close to four, so, oh man, I guess I would take the boom cats. You're making me say that. [00:25:31] Yeah, no, it's right about, so the floor price from him is 0.38 and the MFS is yeah. 3.3. [00:25:38] Okay. Those have, does it come down again to three, three, those keep bouncing around I couldn't see. Going higher. I don't know that. I see that as being, I dunno, a project that gets to some sort of 10th floor though. [00:25:51] Yeah. I mean that's so you just nailed it, right? Like what's more likely to happen. Moon cats get to call it one ear or like 1.2 eats or an effort to get to 10, [00:26:03] I think it's more likely that moon cats. That. [00:26:06] And so I think it could be, you gotta be patient. But I feel [00:26:10] so much cooler because I already have a Mooncup it's just much cooler with the M effort, but you really, I think it's important to run that thought experiment because you can get blinded by the, like the, the forget around opportunity costs. [00:26:21] Like there's a lot of, there's a lot of NFTs, Andrew. I don't know if you realize that. [00:26:24] Yeah. That's two out there. Huh? Several. Are they making more? [00:26:28] Thanks for humoring, my wife. All right. I think we nailed this. I think we nailed this topic. I'm no smarter than I was before, but I might be, I might be looking if moon cats drop below a certain amount, I may go get some. [00:26:40] All right. Well, good talking. And if you're listening, leave us a review, give us a five stars or, or come let us know in the discord why you want to do so before you leave a rating. [00:26:51] Yeah. If you're not going to leave us a good review, don't stop listening. [00:26:54] You should stop. I think we're going to kick off the show with asking for a rating next time, because 'cause, I think nobody's [00:27:00] listening. All right. I'm going to go rate us. I'm gonna go on by Andrea.

  Solana listed on Opensea opens up a new market in the same way that altcoins getting listed on Coinbase help pump their value. Is there a play? But how to balance this with the fact that 26% inflation occurs on Solana annually and Avalanche is 9% annual inflation.  Affordable project: MPL Official - Collection | OpenSeaThanks to Block_bounce in 3anft discord NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Rantum NFT Market Data,  Cryptoslam.io NFT Headlines: OpenSea Just Said They're Integrating Solana NFTs in April  Gwyneth Paltrow, Mila Kunis are pushing women to invest in NFTs - The Washington Post  ESPN Gets Into the NFT Business With Tom Brady  Major League Soccer Partners With Sorare For NFT-Based Fantasy Game  Transcript [00:00:00] Today on all about affordable NFTs. We're talking about the Coinbase open C and F T effects. We just made that up just now, just for you. Andrew has. [00:00:10] Going well, back in our normal recording scheduled George, it's good to, good to talk NFTs again. I feel like [00:00:17] people would probably really missed us and we had a, I gotta say I didn't appreciate the aggressive schedule of the Monday, Wednesday, Friday until like we were both traveling for a week. [00:00:28] It it makes it very difficult to stay on top of crypto news and also record. So I'm glad we're back. Yeah. [00:00:35] Yeah. I mean, it's tough to stand up a crypto news. Anytime you take a day or two away and [00:00:41] things, it's disturbing. I feel like it's, when you take that break, you realize how much, no, sadly or truthfully time you're putting into like looking at all of these things, because when you don't do it, you come back and you're like, oh my God. [00:00:55] What's what's an internet. What's what's it been to? [00:00:58] Yeah, it's a lot of times Dan, on top of these things. [00:01:02] Yeah. But real quick at the high level, from the, the past seven days, it looks like NFTs up about 27% and there are certain projects that are taking off, but again, it's a lot of the power law, a lot of the common names you see moving and the long tail shrinking, but there's a couple of new, new folks moving up. [00:01:20] Yeah. Yeah. We've definitely seen some big, big volume it seems to, at least as we record this, it seems to maybe topped off a bit. But one thing I've noticed is the number of sales has been climbing. It was the, just the other day was the most sales in a single day that I've ever seen and NFTs. [00:01:41] So are at least on a theory and based NFTs. Not just, was it a big volume day, but it was. Well, so a lower average price and we've seen in the past, but that's, I think that's a good sign. I think the number of sales is [00:01:54] that's a fantastic [00:01:55] sign, probably a sign that more people are getting into it. [00:01:58] I didn't know, to take a look at the the number of wallets that day yet, but but I think in general, if we're seeing more trading it's, it means people are going to see this as a more, see project is more viable to continue to get into and be able to get out of. [00:02:12] Okay, what else do we see? We have open C just said they're integrating Solano, NFTs and ape. [00:02:19] Yeah. All right. So, so wanna MTS, we haven't talked a lot about this, although we have talked a little bit about cross chain raising and we have not talked much about Solana NFTs. It's a big marketplace and they're coming to open sea. And as you've mentioned, that's an exposure to a lot of people with a lot of an FTE capital. [00:02:41] This is a chance for sort of at least merging markets and for better or worse spoken, see is the. The leader, it's the town square and all copycats. It's also important. Well, sorry, copycats, maybe unfair. Other marketplaces will probably see this and realize they have to follow in suit that there is more than one hub and, and pulling them all together will spread that sort of larger larger, long tail of individual purchases. [00:03:08] So they said sometime in April, I don't see an exact date though. [00:03:14] Yeah, I don't see an exact date either. They did say in April. So I think that's, we can, at this point, assume that sooner than when Coinbase, when Coinbase NFT actually a marketplace that actually begins our debuts. Since we haven't heard much on that front in a long [00:03:32] time We're going to be sort of looking at this, I think a bit more in our, in our theme. [00:03:38] So I don't want to run too much of the conversation on that. You want to get into the real stuff with Gwyneth Paltrow, we always have to have a celebrity. [00:03:45] What's going on here. We've got a few of them here. Don't worry. We've got . So there's an article in the Washington post, just discussing how they're pushing women to invest in NFTs. [00:03:53] Kind of looking at, I'd say that it's not all positive here. Kind of looking at how they are pushing women to get into this in the name of feminism and maybe. Maybe it is that, but there's obviously an ask of invest your, your crypto in these products or investor money in crypto and then in these NFT projects. [00:04:17] So I think it is interesting that there that there are are I think it's great that there are people trying to push more women to get into NFTs and crypto. We certainly see some projects that are more women focused do quite well. At the same time, I hope that it's being done in in the right way. [00:04:37] And know, I think this article is at least worth a read if you're interested in in sort of the gender split in NFTs and crypto. [00:04:45] Yeah. It I think you can, you can kind of tell when they're like pulling in the, the question marks and the truth is not all the projects. People go after are gonna go up, but hopefully it's more about the narrative of how to approach investing, but also the truth is there are creators. [00:05:03] And if the market is only white males of a certain age range, and so too, will the projects they focus on. And if it's really going to be. A large inclusive environment. There has to be sub-markets and in this article they're comparing it to like designer high-class handbags saying like, no, I'm trying to, and starting to look at my NFT collection, like just things of status that I want to have and and own. [00:05:26] So, it's it's interesting. You're right. [00:05:28] All right. So we've got another, of course, a celebrity in this headline here, we've got the Tom Brady led autograph bio platform partnering with ESPN. So I'd say that's a pretty significant partnership for this platform, adds a lot of credibility. And I think with both fans and athletes and it seems like. [00:05:47] At this autograph platform is is developing well, getting a lot of attention. And you can't ignore the Tom Brady name there again. You George. [00:05:56] Well, you can, if you're Vitaly booter and. Doesn't know who Tom Brady is a [00:06:03] good bird. I think he does know now that he knows he's a fan, [00:06:06] now that he knows he's a big fan, he's like, you're the, you're the, you're the goat. [00:06:11] But yeah, ESPN getting into it very clearly. It's not fully clear to me how they have a multi-year deal with autograph, but they haven't like bought the company. Right. It's still on their dislike saying, okay, we'll be pulling in these elements, but it's definitely gonna add credibility. [00:06:29] Which is, it's the only word I feel like that now matters when you're talking about sports and professional athlete, likenesses that are being bought and sold and hopefully held over time and retaining value. So that's not a bad partnership. [00:06:44] Yeah. All right. We feel a little more sports headline here. [00:06:48] We've got major league soccer. They've partnered with so rare. Hey the existing an empty marketplace or platform for soccer. So they're doing a fantasy game now with between major league soccer and so rare. So I think sports are a great onboarder for people to get into NFTs and crypto, and here's another opportunity to to do so. [00:07:11] Yeah, I'm all about soccer this year in particular we talked about that. The last one, the wrapped strikers, which was a, a project that we brought up before, and maybe it's a smooth segue, a rare, smooth segway into an affordable project. Am I doing it right in the middle of a sudden segue? Oh, here we go. [00:07:32] Watch this. Well, thanks to first off, one of our members in the three, a and F T discord block bounce for, for bringing this one to us. But this one is the. NPL official. The Martian premier league is a collection of 10,000 at unique human and Martian characters living on the east block chain. And they are part of what's going to evolve into a football manager style game holders, train, trade, and compete, and the league and over time. [00:08:04] There'll be a full evolution of it. It's a fully doxed team. Current floor price sits at 0.09. And so it has seemingly dropped from when the release seemed it was mid-March. It was I guess hovering from what I could see as high as 0.28, but it is at 0.09. There are 3,500 owners, which is actually a pretty decent distribution. [00:08:28] I like that. I get a little nervous sometimes when it's a low percentage of owner, an item or item to owner ratio. But that's that's pretty good. [00:08:37] Yeah, this is one I've heard about. Hadn't had a chance to check into it a whole bunch, but you know, was actually excited when somebody else mentioned it because in our discord when it was like block balance mentioned that because it is one that I had been interested in Yeah, I think the soccer narrative is a, it's a good one as well. [00:08:56] Oh, it's nice art here. I think there's a good possibility that soccer becomes quite popular in an teas this fall with the world cup. And I don't know. Do they have, is there a game planned with these or is it just a collection? Do you know that George? Yeah, [00:09:13] there's a, there's definitely a game planned. [00:09:16] They've got a very robust. Frankly, white paper, pretty darn impressive. And then. Sort of like, this is just the first iteration and there's going to be a sort of trade in of these initial MPL characters have a whole funny narrative of saying like, all right, that'd be acclimated to and socialized to train and develop new players. [00:09:36] And then each player will be able to like complete in these like marching cups find space to build the first stadiums in Mars. So hint, hint, land. But those get into Genesis teams and stadiums and gen one players. So it starts with this first PFP that then moves into these an L two I don't know, the look up, [00:10:00] can't find it, but there is definitely a game. [00:10:04] Oh, yeah. Taking a look a little bit more. Yeah, we've got 3,500 holders, so there's little less than three per holder. This one like price has come down a bit. It had gotten up to about 0.2 for a bit, but has now been. 0.15, and now it's dropped a little bit, the 0.08. [00:10:21] So I don't think it's a bad place to to look, to pick it up. I, I think it's a practice that has been somewhat overlooked as some big projects have. I've taken a lot of volume and, and even some big drops have taken all of the. The, the Eve that was meant for drops, whether it was through the gas or they'd been to prices recently. [00:10:42] So so I think this is, this is one to watch and maybe pick up at a very affordable price here. [00:10:48] Yeah. Getting into it. There are 9,000 humans, 1000 Martians. It's unclear. I mean, so clearly the marshals are more rare. They've already been quote, acclimate. And there's going to be a sort of like discovery. [00:10:59] It seems around figuring out like, who is good at what position as you get your your players in place. There's a footie token planned Mars governance token. So they've got a full economy planned for this and. It's it, it is affordable right now. How it I would say like take a look at the different rarities for that paying attention to specifically that, like, are they a Martian or are they a human? [00:11:26] So parsing through the Marshall premier league, we're trying to figure out the traits and just to like help you, like, we're just like talking out loud they already talk about the we said the human versus Martians, they've got a character type which you can filter by. The human floor is hovering around. [00:11:45] Call it 0.1, say, and then the Martian the Martian based floor 10% of the population. They're hovering at 0.18. The other thing that seems to be more sensitive though, to the rarity price, really, because they're going to be soccer players is the skill level, which ranges from novice up to God. [00:12:07] So novice passable, solid, excellent, outstanding, legendary. And there's definitely some price sensitivity on those. So like the way my mind goes is I'm not just going to buy raw floor because I'm used to playing games and I'm aware of what the base base is. So I'm kinda like scouting out with that like outstanding level. [00:12:26] Maybe human is or maybe floor marsh and I can't tell which way to go. And then it seems like there's a timeline consideration too, right? The timeline consideration. I'm not sure what you mean by that. Is there a date? I'm sorry. Yeah, they do say that the, the training camp starts in may. So the Mars training camp starts in may. [00:12:46] They have mentioned that the, and I think you mentioned earlier that the Martians are already acclimated, so it makes me think that maybe the humans will need to. Acclimate via staking or something like that, to be able to play acclimated to the the climate in that, on Mars where the games are being played. [00:13:04] So the, the marshals may just be eligible earlier to play. And I think you're right to look at some of those skill levels. Especially with a, I know it's a relatively thick floor right now, so there's not a huge difference in price between some of these levels. Definitely worth paying attention to that skill level. [00:13:21] And looking at, I think the what is it? The character type is the the other trait that we're looking at as far as human and, and so only about 10% of these are Martians. Most of them are humans. There's a handful of, of astronauts, which I'm sure are praised at some astronomical level to, to go along. [00:13:42] Yeah. You liked that. It's a powerful dad joke. The astronauts astronauts are at 1.58 is the floor for an astronaut. Although I don't know how you play with all that gear on. I'm not, I'm not bullish on astronauts. I'd rather I'd rather get some, some excellent humans or outstanding, maybe. All right. Cool. [00:14:00] If I were founded that's the initial take I have on. [00:14:04] Yeah, thanks for bringing this to us block balance. Definitely a good project to look at and hopefully we can discuss it a little bit more in the discord as well, [00:14:13] actually. You know what screw you black bounds. I'm so frustrated with the, by another stupid soccer thing. [00:14:18] I thought it was done buying soccer things, but this is interesting. So. [00:14:21] Well, we have different opinions, block [00:14:23] it out on me and discord okay. Onto our theme, the Coinbase NFT effect. And this is just a fun way of saying that if you are familiar, Coinbase and the ecosystem there, then you are also familiar with what happens when an alt coin gets listed on Coinbase and gets frankly access to a lot of potential capital that's floating around on, on that platform and can pump it's a sort of legitimising moment where they're saying like, oh, okay, Coinbase did some bedding, and now this coin is listed. [00:14:59] I'll move into it versus. Even more speculative of the speculative not listed there. And so the open sea and Ft fact is following on sort of that news of Solano getting listed on open sea opens up this new whole market, but also is a nod saying, Hey, you can shop alongside of it now. No open seat already has, as far as I know. [00:15:23] The theory. And then the layer two polygon layer, tuition polygon listed there on, on the open seat platform for you to interact with. And that's it for right now is that. [00:15:34] Yeah. And I know there's been talk of other networks or at least talking to users of, at looking for other networks. I think there's a lot of talk among users of asking for Tezos or and that has not been announced yet. [00:15:49] I haven't heard anything along those lines. So this is the first New platform, but it is a significant one in terms of volumes. So you can definitely see why open C would be interested in introducing salon NFTs. That's a small percentage of, of the, the the trading volume. There would be a lot to add to their bottom line. [00:16:08] Yeah. So, I mean, that gives me some extra thoughts on saying like, okay, so Lorna salon is moving on there. But we have seen initial increases in reports saying that a lot of the floor prices, especially top projects on Solana are beginning to get some, some new life on this expected new. I'm always a little wary of the sort of like, oh, and then we get listed on this market and then everything is sunshine, rainbows, and butter cakes. [00:16:38] I I've seen, I feel like that sort of hype and hope get, get broken a little too often. Like, what I have seen work is like slow, smart, grinding over time with individual products, projects. Bringing bringing that attention and, and utility because just opening up, I would say to the new open seed market won't necessarily drive that, that attention into into those projects in the same way, or maybe such a, such an increase. [00:17:06] Do you agree or disagree with that? [00:17:08] Yeah, I absolutely agree. I mean, I know for one that I'm not going to be rushing into salon NFT projects, even. Even with me. I wouldn't say that I have an assumption that prices might rise, but I guess if I knew that prices might rise, I'd still have to price in some security risks of going to Solano and not just security risk, but the risk of. [00:17:29] Of other people reacting to perceived security risks on real pursuit, but real risks of security on other networks. We've seen this with the recent Ronin hack. We've seen it with other cross chain bridges before we've seen it. We've seen it with Solano actually. And I think there's, there's a risk to, to moving your assets to to a network like that and moving it off of Ethereum. [00:17:55] I mean, There's multiple that the urine provides more security. There's a lot of potential around the the upgrades that are happening to the Ethereum network this year. And I think anytime you move off of that, you risk missing out on the benefits of Ethereum. So that for me is still going to be an issue regardless of the accessibility I have been willing to go to other marketplaces to other networks and give them a. [00:18:24] Anyway I have not tried Solana and that has been one of the big reasons this, the security and the security risks have been a big reason holding me back from doing so. So this won't change that in my perspective. I could certainly seeing the accessibility changing people's mind over time though. [00:18:42] Yeah, I hear on that. The other thing is I think when you're in, you're playing on. So Lana, for instance, you, you have to realize that annually, there's just natural inflation of the actual soul, which your NFT is priced in, and that is appreciating or inflating, I should say. And fleeting at a rate of around 26%. [00:19:05] And that's based on the white paper, that's based on them making more sole over the year to fund right, sell to investors that underwrite the, the, the work that they're doing. And so that is as soon as you move off of Ethereum, you're kind of playing. With this game of wait a minute. If I had bought or even held a hearing, right? [00:19:27] Like I think it's going to become, if I does hell this amount of money and Ethereum, would it be what I'm doing over here? Maybe, and frankly, an FTS are so much more volatile and if you're right, you're really right. And you can have multiples we had, in that previous episode, when a hundred percent is a loss like doubling up, oftentimes it's just not, not even enough. [00:19:47] So the, the thing that mentions in my mind, I have to say like, just holding this. So on an NFT is going to depreciate at a rate of 26% in terms of its value. It's got to crush that just as a starting point. And if we're on avalanche, by the way, if that's coming up, it's 9%, it's less. So knowing that inflation rate for your underlying currency platform, that your NFD is on, I think may start to matter more in how you're holding it. [00:20:12] Yeah, absolutely. I mean, I think there's, I think there's real. Risks with moving to any other network off of Ethereum, when you start thinking about it that way. And I shouldn't say any other network, but you have to think of each one in the case of preventative presents, but you know, for me, the inflationary nature of Seoul versus. [00:20:32] What we're coming up on is actually a deflationary period for Ethereum, most likely. So that's, that's a big difference. And I think there's, there's a potential for a real catalyst in the price of Ethereum. Whereas I'm not necessarily sure that. That Salonica can, you can continue to sell tokens at a higher price with continually with more supply available. [00:20:59] Yeah. And especially if they're their big thing is like, oh, we're lists. And here's the contrarian view saying like, oh my gosh, all these things are. If your gas list and suddenly you're like, oh, here's our big advantage. And you're on open seat and you're sitting next to that polygon, which is also by the way, gaslights. [00:21:14] And then maybe Tezos gets in there. Maybe avalanche gets in there and you're all sitting next to each other. What is this sort of like unique advantage? Because the whole thing is how do you support and find that secondary market that can transact. And then it's more about the underlying quality of. The project and what it is promising and delivering, I'll say promising delivering for, for its audience. [00:21:38] Yeah. Yeah, I think there's, there's a potential that the initial exposure to open sea could lead to some, some price increases. I think there's also a potential that, that, that it may already be built into the price at this point. And even people just looking for Looking we're speculating a bit that it will continue to pump. [00:21:58] And I think that there's a lot of people ready to sell when the open seat integration comes. So I keep an eye on that as well that it's, there's initially going to be a lot. There's going to be a lot of action, I would think right away. And I don't know. We'll see how sustainable that is over time. [00:22:16] This is the first new. Non a non Ethereum based network that open seat is introducing. So it is it's a bit of a change for users. [00:22:25] It is I think it, yeah, it's a good one. I think overall. Yeah. A lot of people will sell the news when it comes to. And yeah, I don't see myself getting into Solano based NFTs. [00:22:37] There are some on other projects that I keep watching. I'm like, I continue to wait in terms of like that moment. I felt like a couple of weeks ago I was like, all right, I'm releasing my, like my big idea projects and the price is low and we're ready to go, but I don't have anything cooking on salon. I have, I have some thoughts on Tezos now. [00:22:55] Yeah, I think [00:22:56] there's yeah. I shouldn't say it. There's no other, no other networks that have quality projects. I haven't looked at Solanas projects enough. I'm sure there are quality projects again, that's that's not the biggest issue for me. And with the number of traces out there on other networks. [00:23:12] For me, it's just easier to focus on, on networks that I trust more than, than Solana with and getting into a new ecosystem that presents a whole new basket of options. [00:23:25] Yeah. Well, cool. I think this is an interesting one to watch for sure. And that, and that Coinbase open, see NFT effect. [00:23:34] We coined it. We coined the Coinbase open sea effect on this very podcast. So enjoy it using good health. Hopefully it helps you actually find some, some good ideas that maybe we missed. You know what we love being proved wrong. Drop us a note. And the discord, if you've got you, like, no, no, no. I'm a DJ and on Solano and that's the way to go. [00:23:54] Like I'll, I'll, I'll hear the case. [00:23:56] Yeah. I'll tell us where I'm going wrong. I'd love to hear it. I mean, I don't know enough to take the other side of this one at this point, but, and I haven't heard a convincing argument, but I would love to hear it. If you are that person hop into the discord and tell us. [00:24:11] But be prepared, bring more than it's gasoline because I'm aware. All right. Thanks man. [00:24:17]

Gh0stlyGh0sts is first omnichain NFT, which means pieces can be moved across Ethereum and Layer 2 networks. Gh0stly Gh0sts - Collection | OpenSea  Multi-Chain: Many projects using multiple chains for their projects to gain credibility then move to less gas-intensive layers, eg. start on Ethereum, then introduce an aspect on Polygon (Red Village) Users must change network in wallet, hold various currencies in order to transact Meebits DAO had to issue small amount of Matic to all members in order to delegate votes - which required a vote Cross-chain will enable users to forget about the backend - ie what network the assets are on. May require projects/platforms to pay for fees for the sake of providing a better user experience   Affordable project:Gh0stly Gh0sts - Collection | OpenSea    NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: VaynerSports Pass Is Sold Out! What We Know About It So Far  VaynerSports Mint: Gas Fees Generate Three Times the Creator's Profit Britain announces plans to mint its own NFT as it looks to 'lead the way' in crypto   Hack steals $625 million from NFT game Axie Infinity's Ronin blockchain - The Verge        Transcript [00:00:00] today on all about affordable and FTEs Unchained, my NFT Omni chains, verse multi chain. We're excited to be talking about this topic. The first Andrew, what are we seeing in. [00:00:12] Yeah. It's it's been a little longer than usual since we are recording here. So we've got some, some news to catch up on George. [00:00:20] Yeah, we both took a little break. We took a break for two seconds and then we're like, well, maybe [00:00:24] well, you know, it was a, you know, an extra day or two and whew. There's a lot that happens. So yes, some big news here. We've got a big time act. [00:00:34] One of the biggest crypto history, 625 million. And this is very NFT related because it was on the Ronin network, the network that backs ACCE infinity. So 625 million. Taken this was from users' accounts essentially where they had parked their Eve using it on them, using it on the road in network. [00:00:56] So they, the Pronin team has come out and said that they will reimburse all users here. So that's good, but it is a, you know, it's worrisome that that this can happen apparently five of the nine I'm sorry, the five, five of the nine. I'm forgetting the name now. The [00:01:15] We're taken over. [00:01:16] So they put some, they put some extra provisions in there for extra security. But yeah, that is big time. They're going to take 150 million or so from Binance to help reimburse people. But I assume they have the rest of it available that is still going to hurt. One part that is sort of funny about this is the hackers. [00:01:38] Shorted the ACCE token R I'm sorry. Yeah, I think it was the ACCE token on before the news of this came out in the news did not actually tank the value as they expected. So they did get stopped out of those positions. So that is kind of funny of flow. They are doing quite well with what they were able to get away with. [00:01:59] Well, I mean, yes and no. What, what they got away with, as I understand, was moved to FTX, which was, and is a control bank for crypto, Right. That's not a decentralized movement wherever. So I'm not quite sure what the plan is because that stuff could get frozen pretty quick. I think it is pretty remarkable that that amount of sort of, you know, theft doesn't really impact the price. [00:02:25] Yes. There was a drop in, in Ronan, but it like spikes back up on April 5th and it's, you know, back down, but it doesn't, it wasn't a collapse. Right. It might as well have been an Elon Musk tweet and things kind of kept rolling. [00:02:38] Yeah. Yeah. I guess it was the Ronin network. You're right on that one. Yeah. And it was surprising. I've spent a year. At least it has been a pretty bullish crypto and NFD market as of late. And I think it's, you know, in that, in this kind of environment people are willing to overlook even a major hack, like. [00:02:55] Yeah. And it's the question of how do you calculate that sort of unpriced risk of a centralized network? Decentralized, right. You're just mentioned there were nine tees that controlled this thing, as opposed to a decentralized network where it would be millions of keys or millions of nodes. And it would be very [00:03:14] There we go. [00:03:15] very difficult to do a sort of whatever 51% takeover, you know, it's scary. [00:03:20] It's a wake up call for, for these other side chains and another sort of plus one to a theory based and layer two. Based pieces built on a theory. I'm not saying that they can't be hacked, but this was a brutal one. [00:03:33] we'll get into one of the problems with Ethereum and FTS and just a second here, because we've got Vayner sports was just minted yesterday. Surprise, mint and gas. These spiked to insane levels. They have a little. What's it called widget on my, on my browser. And all of a sudden I noticed it was up near 3000 at one point yesterday when it's been, you know, in the fifties and two digits for the most part as of late. [00:04:01] And so there was over three times the amount spent on just the gas fees then as the mint fees and this one just failed transactions all over the place. So a pretty terrible drop here. That is, you know, that's the beauty of Ethereum. So. You know this, I don't know why people are willing to put it through. [00:04:19] At that point. It's got to be, you've gotta be thinking it's tough to make a profit when it's a 0.1, five eith drop and you're spending four or five you know, many times that on, on the price of gas. [00:04:32] Yeah. So the total take-home numbers, just to put it in perspective, they made about call it 10 million on the mint of 15,000 NFTs about at that point. Five five Ethan amount. And the total gas. [00:04:46] was estimated to be at around 25 million. [00:04:49] Yeah. Well, I had heard, I had heard some, some significant figures that I'd heard even a little bit higher than that. That is. Wow. No matter what it is. 27, 20 5 million on gas. So there are problems with drops on Ethereum. It's, it's not perfect, you know, layer twos definitely solve that issue for the most part. [00:05:10] You know, and, and it's still not, it's not where most people are. Most projects are willing to launch. What's sort of interesting is the Vayner, some of the teams behind Vayner sports have. They've done drops on. I believe on a mutable in the past, which is a essentially gas lists of layer two. And you know, for this, they, again, chose to go with Ethereum, you know, perhaps they thought that the the surprise aspect of it may reduce gas fees. [00:05:39] But I think in general, those we've seen that those often spike gas fees and, you know, getting into. It's been a bull market and people have been much more willing to jump into projects then maybe a couple of weeks ago. [00:05:52] Yeah. I'm pretty surprised by this too, because I feel like Gary Vaynerchuk and the, you know, the Vayner Vayner media network is trying to position themselves as the expert in all things, brand sport and NFTs. He even launched his own of course, very popular V friends, as well as a number of other things. [00:06:13] And this is, this is a sort of unforced. That hurts and erodes brand trust in a way that I think is like antithetical. You know, I know a lot of his work is antithetical from the way he does business, but you can't just sort of say, oh, we'll make everybody whole. I mean, maybe they can and just eat it, but even still remember, they only made 10 million people spent two to three X more on the transactions and. [00:06:42] You know that's a problem and it's a problem in the architecture. [00:06:45] Yeah. And I know that there's, you know, I know Dutch auctions. Aren't perfect. And there's been, there's been a lot of talk about what the real Dutch auction should mean. You know, I think there's, there's been a push for. For that to mean that everybody ends up paying the same price, being the final price, which would be, make it much more fair than I think most of them are handled right now. [00:07:05] But the one thing that does do is give people a chance to spend more on the price of the mint, rather than just spending it on gas. And if someone is willing to put in. A ridiculously high gas fee to get a mint throw. And I think there was a max of four pieces on this. So, you know, maybe, I mean, I would at least prefer that to be going towards the project that I'm investing in than to just gas fees. [00:07:30] You know, I I'd rather see that that ease is captured and use towards adding value to the project then than just wasted on gas fees to jump in line ahead of somebody else. [00:07:39] Pretty clearly pretty clearly it has to be done in a different way. And you know, I'm sure there going to be more articles out about how they're dealing with it, but. You know, pretty, pretty ridiculous, and also just kind of stinks, right? Like burning that, you know, goes to, where does that money go? It goes to minors and it just goes into the ether ether. [00:07:59] Right. It actually disappears. And I think when it moves to proof of stake, it'll actually be a little more interesting and actually make an aggregate help. I think the larger Ethereum network more than it frankly does now, which feels like it goes into a black hole of say, [00:08:14] Yeah, one note about this it's I believe the project is led by AIJ Vaynerchuk, which is a. Which is Gary's brother. I'm sure Gary is involved in, in many ways as well though. [00:08:26] Yeah, fair fair. I assume with the brand and association, but Yeah. good point. Good. Now. All right. You have Britain [00:08:34] Yeah. One word. [00:08:34] to mint. Oh. [00:08:36] Yeah. Oh, no, just about this or go on yet. So we've got Britain, they've announced plans to Benton NFT by this summer. So they want to become a crypto hub. They announced this all in say at the same time, if they want to become more of a crypto hub and have released an NFT, I'm sure they're getting backlash for this. [00:08:56] You know, anytime a major public entity announces NFP plans. Always a lot of controversy around it. So I can't imagine that this will be accepted without pushback as well. But it is, you know, it's interesting. I think it's a, it's interesting that they're trying to get into crypto and I think there's been a lot, a much wider acceptance by regulatory bodies to look at crypto as not this thing to keep out, but rather, how are we going to work with it? [00:09:25] How are we going to embrace this? You know, I, I certainly am not recommending anyone to go mint this NFC, as soon as it comes out or [00:09:32] the affordable project of the [00:09:34] But but I, I think it is, I think it's great to see that that governments are more welcomed towards being more welcome towards crypto at this point. [00:09:42] Yeah, it's a good sign. I'd say overall for the NFT market and acceptance and more predictable that's I think the big word, like a predictable future for regulation rather than, you know, wait a minute, we're going to take away all the, you know, potential here. We're going to ban it outright. It seems to be much more on the adoption curve along the way. [00:10:04] All right. Well, let's get into, well, I think we can, we've got a bit of a cross between our affordable [00:10:12] We murdered them. Cause sometimes we forget, [00:10:14] This week. So we're talking about Omni chambers, multi chain. And one of the reasons we're talking about that is the new project that has launched those sleep ghost ghosts being spelled with a zero instead of an O in both words there, this has just launched. [00:10:29] It is claiming to be the first Omni chain NFT and by Omni chain, it means that it can be transferred across from Ethereum to layer twos, to optimism, to polygon, to And there's a couple others that it works with a kid, sorry, like an off the top of my head. But so you can actually move this across. [00:10:49] So if you want to, if there's a future where you could maybe play a game with us on polygon, you can put it there. If you want to verify your profile on Twitter, you can put it on Ethereum. So you can, there can be different use cases for it on different networks. As far as I know it is the first Omni chain. [00:11:06] It's the first NFP that can do this. In the past we've seen. Projects, primarily mint PR on different chains to have interoperability between them. So this is a little different in that the NFD itself is moving, is moving between these chains. So essentially you're still parking it. It's a bit of a bridge for the NFT to do this. [00:11:28] So this. It's a bit pricey right now for an affordable project. I believe the floor is around 0.4 as we speak. Let me take a look at that. 0.4 [00:11:39] Point for too. So it's, it's come down a little bit. It had gotten I believe up over 0.5 at one point. But I have seen it talked about a lot and I don't know that this will necessarily be the project that takes, takes hold of this Omni chain or cross chain sort of narrative that, that I think could become prevalent in, in NFTs and crypto for a while here. [00:12:03] But I think that. It's at least worth watching to see how this does and see if, if this does catch on, if you know, before it continues to fall, you know, maybe this, this is a narrative that isn't that important to people. However, I think that with the rise of all these layer twos, we're looking for ways to, to work between them rather than have them as as, as so prominent within the project. [00:12:28] I don't think that it shouldn't necessarily. The change should dictate so much of the project. The project can move between these. So if that does catch on, I could see this project doing quite well. Same time. I, I, I could see ghostly ghost just paving a path for other projects to to do the same thing. [00:12:46] So I be on the lookout for other projects that are following this bottle. They certainly won't be the only one as we've seen when new trends catch on. Spread quickly. And and it's not always the first mover that does succeed, I would say as we've seen in many projects or the past year, [00:13:06] Yeah, this is interesting. So the discord I just popped in, it's got about 3000 members, 1000 active, and the number of men contracts that you can kind of chase it down on, goes from like Binance, avalanche, Arbitron polygon chance and optimism right now is pretty darn impressive. And then there's like, [00:13:26] Okay. That actually, I think I misunderstood that it's not just layer twos, then there are even other layer [00:13:31] Yeah, no, no. It's it's Omni chain. Given the fact that you can get to avalanche, which is a different layer, one yet Binance, [00:13:38] Binance. Okay. That's yeah. That's, that's interesting. And an important note there, I would say that it can go across not just a theory and base change, but to other chains. [00:13:47] Yeah. And they, they talk about it being different than currently. You can use NFT, a tool called wormhole, apparently that will sort of like, hold your NFC and like a lockbox, call it in a contract and then give you a synthetic replica and the destination chain. And you know, this may be a risk of hacking there as we've seen with bridges before. [00:14:09] But this, you know, they're, you know, they're claiming their white paper to be the the first true. Omni chain and Ft and moving it back and forth. So actually, if you were to buy it and you wanted less gas, I would buy it on, let's say polygon, right? Like you can check calling on for, it is going to make it kind of like, I don't even know what the floor is then. [00:14:27] Right. Because I [00:14:28] That's true. [00:14:29] looking at an Ethereum floor, so I don't know. [00:14:32] That's true. Yeah. I'm looking forward to more tools that do work across these networks do, because this is going to become a bigger, bigger issue that, you know, there's going to be braces that are on different, different marketplaces, different platforms. And you're gonna have all over all sorts of places to check, to find a real floor price. [00:14:51] I'm going to, I'm going to full disclosure. I don't own any of these. I think it's gonna take me some research to do it. Also I'll note that like their white paper and the website is technically a post on medium. So I, I want to see a little bit. About, you know, the, the team of what's going on behind the curtain, I think before I pull the trigger, but I think it's I think it's interesting to do your own homework and. [00:15:11] Yeah, I think that's important. We're not 100% recommending this, especially at this price, but I think it is worth keeping an eye on and is not. It could be an indicator of, of, of what is to come for other projects as well. [00:15:25] So when we're talking about multi chain to this like theme of Unchained, my NFT, there is a not too distant future because it's already kind of. Where many projects are going to be able to move across multiple chains. And maybe that's from sort of inception that we just talked about to the, you know, the tools I just mentioned like warm hole, but in effect, we just talked about how that Vayner sports lost an incredible. [00:15:55] Of gas for its customers because they chose a very expensive platform to mentor. Now, hypothetically, let's say you had chosen a polygon, right? When you met there and say, look, you can bridge it here. We built a tool to Bridget, go on. Now it's on Ethereum and you have the cachet of being on Ethereum. [00:16:13] You know, what that looks like is, is going to open up a lot of potential and maybe decrease the prevalence or. Importance of Ethereum as, as a full network. If you can move between chains potentially. [00:16:26] Yeah, I think that's it's definitely possible that maybe we don't care as much about Ethereum. And I think one of the, something that I'm looking forward to is the user not needing to care quite as much about which network it on a project is on and have to switch between it. You know, I think there's a lot of. [00:16:43] A lot of technical aspects that the user's exposed to right now that seem unnecessary. You know, not, I'm not just talking about the fact that you'd need to use a wallet and all this, but then you've got to switch between it and have, have a currency on the right network and make sure that you have enough of the currency to keep transacting, because otherwise you're just going to be stuck without it being able to move anything on. [00:17:04] There's just a lot of issues that come up and you know, I think this is, this should be pushed to the back end. So I'm looking forward to when, when it it's, there's not so many hurdles to just trying to use another network. It's, it's already difficult enough to use it, to get it in FDS as it is. And, and putting it on the user to, to to figure out how each of these different networks is a lot to ask. [00:17:30] Yeah. [00:17:30] it's tough to move to. I mean, Yeah, absolutely. We're we're only at a fraction of total people owning. And FTE something like 1.4 ish million. I mean, it depends on what stats you're looking at, but if you were talking about what gets mass acceptance, it's saying that like, well, wait a minute, you know, I bought this, you know, this non fungible element and why does it matter what, what chain is on? [00:17:53] And I think those, those pieces are going to get better. I think there are security risks with sort of the, you know, when you're bridging with a tool like Warhol, If you are also considering the platform you want and the, like the overall security, we just talked about the Ronin hack. Let's say you'd move it onto a alternate layer one. [00:18:13] And I dunno, say all of the Ethereum bank accounts get, you know, its underlying cash gets taken. What does that mean for your asset? Well, I don't know. You can, you can move that back. What does it mean for did that technically have a pricing event or a repricing event? Does that have a tax implication? [00:18:28] I have probably more questions than answers when it comes to it. But I do think the, the future of NFT ownership is one where moving it across as an asset is made easier. I also believe that it will increase the potential value of based and FTS when they can come into the highest liquidity pool, which is, if you're in minutes, I had a topic we'll get to. [00:18:54] Later. So I think that may open up a door for additional value in terms of overall marketplace purchase power for these alternate layer one projects. [00:19:07] Yeah, that's true. I mean, it is, it is still the biggest liquidity bullets where most people are trading NFTs. You know, I know that there's some other networks. Have growing NFT marketplaces, but at there I am still the biggest. And you know, that's the reason that I think we're seeing projects still launched there, despite the gas fees. [00:19:26] It's, it's where most people are. And if they're willing to, they're willing to spend the gas, you know, it's, it's where you want to go. I think one of the reasons is that it's relative, there's still a lot of hurdles to using layer twos. There's a lot of people that don't quite understand what it means to use layer cues, to use other networks, you know, Once, I dunno, I hope that once those issues are maybe not completely resolved, but they're made easier to overcome. [00:19:52] You know, I think we'll also start seeing people get into these, you know, I think that could be, you know, if it's just using, if you can use the same tools that you're already using and access more of these other networks and not have to go through and kind of figure out the technical side. I think that there's a very easy avenue for new people to start coming into these other projects. [00:20:11] And like you said, that can add value to the products that were at least originally on other genes. [00:20:17] Yeah. Well, there's also another aspect, which is the strategy that red village, the red village took with and dropping their initial sort of token access path. Called the blood portal and then they're, you know, their bones collection and then saying like, all right, now these will give you access to the drop or the mint on polygon. [00:20:38] Right? So they have the sort of high level, a theory I'm based to add that credibility. And then they move to the, the low gas gas lists, a polygon or secondary chain. And, you know, maybe that's stretching. Goes away, maybe it doesn't, but that seems to be the most logical if you're trying to like, have your cake and eat it too in that sense, but you're still changing wallets and networks and it's a bit of a headache. [00:21:02] Yeah. Yeah, absolutely. I mean, it's not, that is the way we've seen it done a lot. I don't know that it's I don't think it's the way it's going to persist over time. I think people are going to want to be able to move the actual asset and not have kind of a key on one chain and the asset on another. [00:21:19] Yeah. that makes sense to me. And then you have a mention here that me Bitstamp also had to issue a small amount of MADEC to all members, to delegate votes, to require a vote. [00:21:28] Yeah. So they've used Maddick for voting, you know, which is interesting, but you know, they did have to actually distribute Maddix. So it didn't cost much. And as I mentioned, when you go on these other networks, you've got to have enough of the token that the you know, that they charge fees in two people to do any transaction. [00:21:45] So while it doesn't cost a whole lot, you still need something. So, you know, you need a little bit of, of MADEC there. So that is one of the things that you have to keep in mind when you are on other networks. So if you're asking your users to go do it, you know, that either means that they, you need them to go. [00:22:00] Moved some funds over to both to this other network and then two with the, the right the right asset you know, being MADEC on polygon anyway that it can be, you know, there's, it's different on different networks, which can be confusing. So, you know, I think that that needs to, you know, that sort of thing is the. [00:22:18] Overcome that, you know, I think that's too much to ask people to always figure out and for projects to to expect users to take on upon themselves. [00:22:27] Awesome. Well, I think there is definitely some element that we're going to be looking for in terms of saying as their alternative layer, one NFTs out there that we can find. And in what it means when we begin to merge these like very disparate systems. Cause like, look, let's be honest, we've given you pretty much, I'd say 95% Ethereum based NFTs. [00:22:47] Cause it's where things that we trust are minted and made, but that may be changing. And I'm, I'm kind of excited for that. Although we have branch to like layer two polygon a bunch, but yeah, for the most part, that's where we play. [00:22:59] Yeah, that's true. Yeah. We've mostly stuck on Ethereum, but you know, maybe we'll branch out a little bit more. As we see things developing.

When LooksRare started operating in January, it came with the promise of challenging OpenSea's dominance in the NFT space. But three months down the line, it seemed to have developed a reputation for wash trading. According to CryptoSlam and cited by Bloomberg, about $18 billion or 95% of trading volume on the platform is wash trading. Wash trading is an act where a trader sells an asset belonging to them to another wallet controlled by them. It is usually an attempt to inflate the price of the asset and also give the impression of demand. But that's not the only reason why LooksRare traders are doing it. LooksRare incentives indirectly promote wash trading The prevalence of wash trading on the marketplace is due to the incentives attached to active trading on the platform. While the concept of wash trading is frowned upon by many, there are no regulations that prevent it. But even if the intention of the wash traders is to earn tokens and not pump prices, there's no doubt that the act masks the true state of things in the NFT scene. This has led many to describe it as market manipulation. According to David Silva, a lawyer with experience in crypto matters, it doesn't matter whether it is stocks, bonds, or NFT, “Wash trading is a form of market manipulation in which an investor simultaneously sells and buys the same instrument to create misleading, artificial activity in the marketplace.” However, it appears that LooksRare's attempt to wrestle some of the NFT market shares from OpenSea is gaining some traction. A senior data analyst at DappRadar, Pedro Herrera, noted that organic trading on LooksRare has increased as its lower fees and rewards are bringing in new users. But OpenSea remains the most prominent platform with about 10 times more daily users than LooksRare. Decline in NFT trades not affecting corporate interest Despite OpenSea still maintaining its dominance, the overall NFT trading volume has declined over the past two months. Since it hit a record of almost $5 billion in monthly trading volume in January, transactions have dropped significantly, and so has the number of new investors entering the space. The trading volume in March was around $2.5 billion. However, the decline in interest hasn't discouraged corporate investors from getting into the metaverse space. Companies like JP Morgan and HSBC now have virtual venues on the blockchain. Other companies such as Meta and Google have also revealed plans to integrate NFTs into their products.

Theme: Value of CC0 and brand buildingOpen creative commons https://creativecommons.org/share-your-work/public-domain/cc0/  Brand pollution? Will it lead to dilution? https://opensea.io/collection/mfers  The perils of PePe -  BAYC-themed restaurants Rumors of CrypToadz sale to NounsDAO (and confusion of how CC0 projects can be bought) Other notable projects: Nouns, mfers, CryptoDickButts  Affordable project: Wrapped Strikers - Collection | OpenSea  NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: Why Big Brands Won't Rule Fashion in the Metaverse - Decrypt Meet Satoshi Island, An NFT x Crypto Paradise In The Pacific Ocean  SoftBank Messaging Giant To Launch NFT Marketplace in Japan Pegaxy Takes a Hard Line on Policy Violation - NFT Plazas   Non-Fungible: NFT LA  - LA Weekly  Crypto.com picked as an official FIFA World Cup sponsor  Transcript   [00:00:00] Today on all about affordable NFTs. We're talking about the value of CC zero creative commons zero. And brand-building excited to get into that one, but first one, Andrew what do we see in this. [00:00:13] Yeah, let's see, let's take a look at what's happening. We've got some, we've got decentral land fashion week. Let's see. I don't know the specific dates of this, but we've got a handful of, you know, traditional clothing brands getting involved with this. I've noticed Tommy Hilfiger Estee Lauder. [00:00:31] So a lot of names from a, you know, traditional. Fashion that are getting involved in, you know, there's a case to be made that maybe that will not be the way that this this kind of works out. That those end up being the most successful brands of the metaverse. It's an article here from decrypt that. [00:00:48] Talks about how Nike has already acquired art in fact, by and sees that they need a different brand, a brand that seed that is metaverse first understands what is popular, how to create things that work in this world versus the physical world. So interesting that they have this fashion week I'm curious to see, you know, what comes out of this and how hu. [00:01:10] But who impresses the most? You know, I'm not typically into a fashion week like that, but I am curious, you know, I think tech is a big part of this and that's going to play a big role here. [00:01:20] Yeah. I mean, I don't quite understand that title of why big Brands won't we will fashion in the metaverse. I just I disagree with actually I think what's going to happen is if anyone gets, I dunno, say really good at doing shoes. let's say the metaverse that I don't know a company like Nike is just going to buy them. [00:01:37] Like we have just seen, right. It's just self fulfilling [00:01:41] Brands Yeah are generally good at being really good at brands, fashion brands, especially it's not that they necessarily have a superior technology in baking clothes at this point. I mean, I guess you could argue that Nike is more Technology driven then maybe some other fashion labels, but you know, I dunno it we'll see how it plays out. [00:02:02] I see that there could definitely be metaverse native brands that have a leg up on traditional brands, but those are still gonna end up being folded into those same the same big money brand, a big brands. [00:02:16] Fair. Yeah. Oh gosh this is half one Satoshi island. So it's official that there is now an NFT slash crypto paradise and the Pacific ocean just off the coast of Australia. I believe the name is creatively being called Toshi island and they finally got approval to do this. How do you feel about. [00:02:39] No, I, I don't know a whole lot about it. It sounds ridiculous. I wasn't. I had to actually see the headline a couple of times to realize that, oh, this is a real island that people are planning to really open, I believe in 20, 23, they have plans to have people live there. You know, we'll see if that actually happens. [00:02:58] That sounds like one of those things that may be pushed back. It definitely. Why is this needed? And I'm not quite clear on that. What is this doing? That isn't being done right now. [00:03:07] I think it's I, if I'm being just sort of. What I see honest is that it's feeding into this Bitcoin maxi ideology of if only we could redraw the lines and redo wealth distribution to the random, very sort of select group of people that happen to believe in Bitcoin early. And believe that's the only true way. [00:03:32] And it is truly more religion, I think, than currency at this point. And sort of building. I'm not going to go maybe echoes of Jonestown on this, but it's a little intense to say, like, we're just going to draw a border and try to create our own like rich paradise. I don't think it does Well, [00:03:49] for an overall crypto brand to have that type of, you know only the wealthy can live here and the, you know, the anointed it rubs me the wrong way and I am a fan of crypto. [00:04:00] Yeah, I assume it means you have to only buy things in very large purchases and it takes a very long time to transact and all of the. [00:04:09] Oh, ironically, they're also saying like NFT. No. I will say they're saying all property in the Allan will also be NFT driven. I assume that means that they're in based, but yeah, maybe they'll do it on the on Bitcoin with what is the. [00:04:22] Platform [00:04:22] These stacks platform. Yeah, that could be it, but yeah, I don't know about it's. Well, we'll see what happens with this. It sounds like one that is getting a lot of headlines. People will like to look at. And I don't know, I may not. I may not actually come to be who knows. [00:04:38] Yeah. it smells a little fire festival to me. [00:04:40] Yeah. All right. We've got, let's see SoftBank. We've got them again. I feel like we've talked about them a handful of times recently they have their hands in everything tech and they are, let's see, launching eight NFT market. Because everybody has to, they're doing this with line it's a social media platform in Japan. [00:04:59] So Japan, we haven't seen a ton of adoption from the Japanese culture in general. It would seem with NFTs, which is somewhat surprising because there are so many Japanese collectibles that have gone very mainstream. So I think it is a, you know, it's a brave opportunity. I don't know much about the line platform other than it is popular. [00:05:20] And so I don't know how much of a of a branch out this is for them to integrate NFTs. [00:05:26] Yeah, interesting that they've they've chosen that market and that approach, but soft, thanks around a lot of money. [00:05:33] You sure do. All right. We've got someone from your neck of the woods, your stable area. What do we got here, George? [00:05:39] That's right. So Pegasi or peg exi, depending on how you read and choose to say it has done a pretty bold move by taking a, as I say, a hard line on violation of policy, they blocked an individual. One of the guilds lone Wolf Guild that had 1600 peg is as well as 2.7 million vis which is allowable. [00:06:04] I mean it's 17,050. Which is a lot in the ecosystem of this game. And it's because that they were promoting a tactic that was not allowed, which is using multiple browsers and wallets to race and rent more Pegas than you're technically allowed with a maximum of three from what they call scholars. [00:06:25] It's a play to earn. And, you know, I've watched them native ban, maybe then people that bought and they take a very close eye to it and they really don't let it. So overall I think, you know, positive for the community. I feel bad for them cause it like it was something that he said wasn't necessarily doing directly, but was promoting this black hat tactic. [00:06:46] And you know, there you go. It sends a shot across the bow and it takes a lot of visit out of the market. [00:06:50] Yeah, I guess that's probably good for visit holders. I heard some, I read some comments about this and people seem to seem to think that. This whole, there was maybe also dumping a lot of his and maybe having an influence on the brace. So I, you know, I think it's good for the, for other holders for them to take action. [00:07:08] It is pretty drastic, you know, hopefully it is a fair way to do this. You know, there is a, you know, there's a danger when they start taking these actions and that, you know, It's fine if if the community or everywhere, if you're on the right side of this if you do feel like there is some gray area there and you're towing the line, you know, that gets a, that's where it gets a little dicey and you don't know, you can't always say that it's going to be this easy to say that they definitely should be banned. [00:07:35] You know, I'm glad that it seems to be the right move in this situation, but I certainly don't think that's always going to be the case. [00:07:42] Just a reminder, are you playing on a centralized or decentralized platform? And if there is a gatekeeper. Basically say you know, your chips are no good here. And just because it's an NFT doesn't mean that it is a decentralized and universally accessible and it doesn't have to play by rules. And that's very true, certainly in games with economies in them Yeah. So I assume this holder can still access a marketplace and sell them. So are pieces, right? Or are they banned from the marketplace as well? [00:08:11] So here's what happens when they do this, like your account and your ability to sort of trade it. Now, I'd be hard pressed to say like, have they blocked? I don't know how they blocked that because they probably block it from plane. So there was probably a standing claim that they can shut off. But if there's standing is in the wallet and also those packages are in that wallet, they can try to flip them on a looks rare or open seat or other. [00:08:33] But when you bring that asset, whoever buys that asset and brings it in there, that Pega is blocked. Like can't enter you click it don't work. You try to submit no go. [00:08:44] That'll be interesting what happens because you figure that somebody will end up with some of these assets and, you know, it won't necessarily be their own fault that it can't be played. So hopefully there is a way for those to be unbanned for new owners. And you know, that it's tough to say that the, those Peggy's should forever be a band just because of the owner, but, you know, it's a tough Tough way to a tough way to regulate the market or tough market to regulate when you have to worry about the health of it. [00:09:10] And the idea that it is should be somewhat decentralized in that if people are going to put that much into it, they want to know that they can get their assets out. [00:09:17] It's a good reminder also to buy from the source, if you're looking at any game and in the past. So, you know, we noted if you're going to jump in APN to pay XC, which now by the way, the floor on Pega is went from an astounding. I think it was like 1700 for an unraised. Too, it's now 60 bucks or it's like a hundred bucks for an unraised pacer. [00:09:36] So the floor has collapsed utterly and completely. Huh? [00:09:41] Zed. I would. [00:09:42] Echoes is, yeah. Right. Like, you know, don't buy what you can breed. Remember that lesson, like that was the lesson. And that was very true. But you know, vis went, which is the native token there, you know, it was at a high of 26 and it's trading at like 0.6 of a penny. [00:09:58] Right. So. It's falling quite considerably, but you know, I wouldn't count this team out over there. They're amazing developers and they just develop at a pace that is breathtaking. So I think they got more. More ACEs up their sleeve and you know, I'm still I'm not buying, I did buy a founding Pega because it was falling down in price. [00:10:17] And I was like, oh, you know, I can't breed a new founding one. So I was like trying to pick up their Genesis pieces, but it's a weird time to be in it. And I'll say that. [00:10:24] All right, one more bit of news here. We've got NFTE LA, there's actually a handful of events going on in LA, but wasn't a big or widely promoted event, like an actually LA R NYC. But there is, there are a handful of things going on. Let's see, by the time you're listening to. I think this may have just happened. [00:10:43] I know some of the some of the events that were going on Colby was going just listen to a Twitter spaces with him talking about a new metaverse that he's releasing with along with Mona and async art and uh, Well, let's see X copies also involved in that one. So they're going to be doing some demos of that down in LA. [00:11:04] There's something at the super chief gallery. It's a big gallery that has both places in both New York and LA, but do a lot with the digital art NFTs. So handful of things going on down there. It's I think it's great for NFTs to get. In real world in real life experience for people to be able to come together and see this, and also start growing it beyond this idea that it's just a bunch of you know, apes on your phone or whatever. [00:11:28] Yeah. super interesting. And you know, I like seeing those IRL. There's just so many conferences. We were so funny. We were trying to track all these conferences and they just exploded. There's like one every week. And just, [00:11:42] Yeah. People [00:11:43] the capacity, I'd say for [00:11:45] Yeah. There's a lot of things coming together right now for that to happen. Right. People just looking for reasons to get together and NFTs are a great reason right now. [00:11:54] Awesome. All right. Let's roll into our affordable projects. Something that I found. And also also in the news, can we pull up the crypto.com? right. crypto.com is fallen in with the FIFA for the 2022. [00:12:11] I get that one [00:12:12] Yeah, 20, 22 Olympic And Paralympic. What am I saying? World cup, not Olympic world cup. That's happening in November, which is, you know, huge partnership international audience, just like viewership through the freaking moon. [00:12:26] I mean, if you're not a soccer fan, fine, but world cup brings a lot of attention to the game and there's gonna be a huge. NFT component as a part of this. And you know that's the sort of like, that's the next Superbowl in my mind of mass collective attention on a topic, which leads me to my affordable project play, which is wrapped strikers. [00:12:51] And it's a collection on open sea and originally it was the 2018. Yeah. 2018 world. Where it was technically the first NFT sports card project on a theory. So it's checking one box, which is, I'm like trying to find old freaking projects that are the first of its kind. And this is, you know reportedly the first card on contract. [00:13:18] And originally they dropped on the ERC ERC 1 65, they dropped on the older ERC. They had to wrap them to get them onto the And now they're on another, on that rat the ERC 7 21. Sorry. And you know, you can wrap it on rabbit, but now these are sitting at let's just take a look at the rough floor you know, about, I think. Point oh, eight three as a floor. There are 3,500 wrapped strikers available, and these are, you know, look, they're very basic graphics, flat imagery, images of players that were in 2018 playing. So here's the play. I wouldn't necessarily. Run around and buying the floor on this one but obviously look, you know, do your own homework. [00:14:08] What I did was look at players that are likely to be on the roster for 2022, because this is essentially like their rookie card in terms of NFT land. And of course, You know players like Messi and Ronaldo that are going for, you know, I'm just going to pull up messy. Like, you know, if you have five east to burn, like, okay. [00:14:30] I don't, because it breaks my rule, not by anything. One eighth, but you know, these these conditions. So the play is again, look for, and Google research on players that are likely to still be able to be on a roster in 2022. And, you know, go take a look at what those floors are. I've, [00:14:49] And if you do know more about soccer than us and want to hop into discord and let us know. We won't stop you, you know, if you have some insight into things that we may not know what these guys, and we're not big, we're not real big soccer fans, either one of us. So, you know we're sort of we're sort of doing our research and guests in a little bit here, but we would also love some help. [00:15:10] Yeah, and full disclosure. I became a huge Irving Lozano fan after I purchased one where I realized he's likely to be a a member of the 2022. For Mexico. So there you go. You know, he's a winger likely to be on the team 26 years old. So he's not about to retire cause there's like a lot of the Flores. [00:15:32] I notice a lot of goalies and a lot of people that are like gonna retire and I'm like, oh, I kind of want to see a play if there's going to be a secondary market for you. So that's why I'm saying like, be careful on the floor and also come on. One of you has to know about soccer coach, join our discord and help. [00:15:44] us like angle. [00:15:45] Yeah. I mean I feel like I'm usually one of the people that doesn't know something about it, and apparently we get two of us here, so that's not good. [00:15:52] I played soccer, but yeah, not particularly well, anyway, hopefully that's some alpha for you. Again, none of this is financial advice because I'm talking about and FDS, right. Remember? All right. Our theme. Are we ready? CC zero creative commons, zero. You know, what does this mean for branding? [00:16:11] What does this mean in general? And just to like start it off. CC zero is under the creative commons concept of no rights, reserved allowing scientists, educators, artists, whoever they want the owners. Basically full licensed to use whatever they want. And it's the, you know, the most free open classification of the system. [00:16:35] So that's the starting point is the question is it a good thing or a bad thing for projects to be adopting this. [00:16:42] Yeah, it's been a big topic lately. I guess IP in general has been a big topic lately since since you guys take over of larva labs and, you know, while it's not necessarily CC zero, they did give the IP over to to the NFT holders immediately after they acquired that. So had. But your issue, you know, I guess that is somewhat different than CC zero. [00:17:04] I believe so the CC zero projects that I'm more familiar with are things like the nouns down that we've talked about, are the nouns put out by the nouns Dow? Let's see the crypto's by super grand plan. [00:17:17] And that firs I [00:17:18] M efforts by star Toshi. That's a newer project. That's certainly been hot lately up over a three floor. [00:17:26] All of a sudden it's one that I looked at for a long time. And. [00:17:29] really, it was on your list for a long time. And every time I check it, it's a little bit more. And it's a lot more than when I first started tracking that home. But you know, there are a lot of these zero projects getting more popular. [00:17:41] Another one is crypto Dick butts, a sort of an odd project, but they, so this was one. What is interesting is that they actually voted to become CC zero. So it wasn't CC zero initially, but the Dow. Then voted to go see Sisero. So when you do this, it gives rights. Then it gives the Merck, gives the holders all rights to do whatever they want with the piece. [00:18:03] So it is interesting. I don't know how we're going to see. We haven't seen a lot of brands use these assets yet. That I know of, you know we've talked about how board apes and some other projects, but primarily board aids are being used a lot in restaurants and more digital type of branding than than traditional branding. [00:18:23] So you, I don't know how these are used, you know, I don't know how they're going to be used by, well, at this point, you know, I think a concern that I would have is that you're always linked to the other brands that are also using that IP in some way. And you know, that's, that can be good and that can be bad. [00:18:44] I think, you know, in terms of brand building a traditional marketing, Mindset would say that it is bad for a brand to pollutant dilute its messaging, its cadence, its consistency, because the elements of brand rely on that type of like, you know what to expect when you pick up a Coke, you don't have a bunch of people running around with different forms. [00:19:07] In different ways, shaking it, opening it cold, hot, like no it's served a certain way. It has to be done like this. You don't see particularly, you know running Disney, running around with their IB being like, all right. And now Mickey mouse is in a shoot him up and now Mickey mouse is over here. They have a very consistent brand strategy now just because I'm cannot the top of my mind. [00:19:32] Pick out and think of like an open source brand that has like done well, I can think of code platforms that have done this. I can't think of a brand which has to tap into tribal and cultural elements, which are fire things. But just because it hasn't happened before, it doesn't mean it won't happen going forward. [00:19:50] So I'm actually a little wary of projects that are like this. I think there's like an initial excitement about like, oh, the maximum potential. I don't know if that's how you build a brand over time. [00:20:00] Yeah, I think it's interesting that to think, you know, that it has to be, trust me some sort of commonality among these brands, you know, why are they related? And, you know that's tough, you know, but I guess the. And the successful brands that do use these will find, I think we'll find a way to, to bring that out. [00:20:19] You know, they, there is some, you know, we've talked a bit about how projects seem to be sort of targeting different groups much more specifically now, and it's not. Here NFT world. Here's what, here's the project and it's getting more specific. So I think, you know, if you can start thinking about the holders as having some sort of common identity of some sort, you know, you can start thinking about how the brand can be used. [00:20:44] If it's, you know, then there's different parts that kind of go along with that. And there's this community that, you know, That needs, you know, different parts to it. You know, whether I, you know, I don't know exactly what that may be, but let's even just say that it's a group that is particularly into, to web development and then you'll have, you know, a brand that is doing hosting and a brand that's doing marketing and, you know, different brands that are all related to this. [00:21:09] I could see that working out and, you know, I think it would take some time for that to really sort out because as you know, as we know at this point, there's a lot of people in brown. Not at all for I dunno for the sort of target or for the reasons that, that they may be, that the project is set out to set out for. [00:21:27] Maybe I'm not saying that right, but. Th there's a lot of people in projects for the money at this point. And if they're not there for other reasons, then you know, it's going to be hard for that identity to come through. So, you know, I don't know I'm wary of how that could be used, but it could also see a way that it could be successful in the right situation. [00:21:44] I look at, and I have this note here, the perils of a cartoon Pepe, which, you know, I don't think it was a CC zero, but essentially was taken. This is the frog created by. That essentially it was taken over, unfortunately by a, you know, white nationalists movement for, you know, just sort of very racist and just sad, inappropriate usages of the image of. And you know that the artist tried to claim it back by rewriting and trying to do it. But the point here is that who's to say that one, just one ape or just one fill in the blank, falls in the hands of somebody. [00:22:26] Who's like, you know what? This is going to be the new face of white nationalism. This, you know, punk with a, you know, a scalped head. Perfect. That's our new mascot. And suddenly it's plastered everywhere becomes synonymous. The ideology of the people that choose to use it. I think there is there's risk there, [00:22:44] Yeah, I think that's a pretty far, it's pretty extreme example to warn them reason not to do something. Yeah. I mean, I think there's a number of things that could happen before then and to distance a project from that. And, you know, I, I don't know. I'm not uh, you know, I think there's going to be brands that do this successfully. [00:23:00] I think, you know, even looking at the branding around the board and hungry restaurant, I think they certainly have the right idea. And I could definitely see people that aren't necessarily into the board. Ape culture is still seeing that and thinking, all right, well, that looks like. The familiar with, I've seen these kinds of images around and it's a burger and that is, you know, that's also the kind of thing that does. [00:23:22] It's a relatively mass appeal items. So it's not necessarily going to a specific target. I could see someone like that working. I don't know, I don't know what other brands start using these well, you know, we haven't seen it yet. There is a lot of talk about the value of it. I think we also maybe have to start rethinking, you know, what it means to be building brands, you know, it's, as we know that, Personalities now have their own brands. [00:23:46] And I think it's a lot of, you know, you can buy a PFP of a specific project and essentially buy a lot of followers by like making that your PFP, engaging with them. And, you know, that can help build a brand of a sort. And it's, you know, maybe it's not the traditional logo, that type of branding that we're thinking of but maybe just being part of the community, connecting with these different. [00:24:07] Communities and finding ways in there that you're maybe integrating it into projects in different ways, you know, we saw how the the board apes, other sites video used some of these these projects and, you know, some of them weren't CCCR, but they weren't using the, they were using assets like the crypto's and nouns in their video. [00:24:26] And you get, definitely see these being used by other projects in a way that broadens the broadens appeal part of the market. Garden's the viewership of these assets and, you know, I think that's a good thing in general. Most people haven't seen me still. [00:24:40] Yeah. And inside of a project, it's kind of interesting. It's like story within a story where you get a certain type of trait, for example, the. Becoming its own little micro brand inside of there. And then like that meaning something different. And so even just categories of traits becoming, I think though, you know, I feel like we're, I'm much more questioning of the longevity of a brand to sustain over time, because I think I'm more a classic marketer maybe in that mindset. [00:25:08] And I think of the difference between if you could have one franchise star Trek or star wars, which one would you choose? You would likely choose star wars because merge alone is ridiculous. The brand is tight. They have a consistent thing though. Don't watch the first three, obviously, as everyone knows. [00:25:24] But they have, you know, really cultivating. You know, all of the myths, the lore, the legend, the merge, the attractions, the rise. And then you look at something like star Trek, which just sort of randomly throws darts at Picard's has obviously its generation from a TV series, but like was licensed to different groups along the way, which just tore the brand in different storylines and arts just fricking, randomly. [00:25:49] Beginning to try to tie together, but you realize when you don't have that consistent drumbeat of a narrative of like, here's where we are, here's where we're going. Here's our sort of belief system as mapped out that it can be it can be hard. [00:26:03] Yeah. Yeah, absolutely. The two sides of that. You know I don't know. I don't know. I don't think there's one clean answer here. Like it, whether it's good or bad, I think there's definitely going to be people that brands that do this well, and there's going to be, there's going to be some issues that's coming up as well. [00:26:18] As you know, as we see all the time, there's I don't know there's something new every day in NFTs and how they affect and how one thing affects other parts of the ecosystem. [00:26:28] I would say one counter to my narrative actually is the net effect of attention. no substitute for the type of attention over time that simply builds recognition and familiarity. And what I see growing with board apes is that it is one of. Opulence exclusivity, a little bit of DGN as the sort of mascot of what the whole movement is. [00:26:53] And every time it shows up on everything from a rapper to a hamburger to a television show, is there like potentially licensing out for movies who knows it all sort of just adds to the attention engine behind the asset. And maybe it's a broader idea that just sort of grows because there's a bunch of. [00:27:12] You know, rising tide of everyone's sort of doing their own marketing thing. And it's just like, all right, everyone's just going to lift up because everyone keeps seeing it and everyone keeps identifying. So maybe that works. Yeah. I mean, I think there's a reason that people attach themselves different PFE images and want to sort of ride these these waves of attention. There are ways to do. And I think promote a brand over time and maybe it does shift, but you know, as we know marketing has, it's always shifting and this, we don't know exactly what it's going to be like in this NFT world. [00:27:42] We've talked a little bit about how things are shifting, but I, you know, I don't think that it's, that anyone knows exactly how it's going to play out. [00:27:50] Yeah I do subscribe to the immutable truth of attention though. And they will have that as long as new money and new marketing initiatives, keeping, just getting pushed behind these things. And that's the upside, probably a brand building open creative commons. [00:28:05] Yeah, absolutely. I think we've We did. [00:28:07] that's everything on this topic. Yeah. [00:28:09] I think we solved it, another problem, taken care of everybody. Don't worry. All right. Good luck, Andrews. Yeah. [00:28:16] All right. Good one, George.

Theme: Are all NFTs in YugaLabs lifeboat?  25% of ETH-based NFT asset  https://www.coingecko.com/en/coins/apecoin  Affordable project: Degenz - Collection | OpenSea  NFT News Rantum NFT Market Data,  Cryptoslam.io NFT Headlines:  Want fries with that Ape? NFT restaurants are officially a trend.  The Bored Ape Creators Are Taking on Mark Zuckerberg's Meta  Vitalik Buterin Covers First-Ever NFT Issue of 'TIME Magazine'  GameStop Ethereum NFT Marketplace Beta Launches With Loopring Integration - Decrypt   Transcript [00:00:00] Today on all about affordable NFTs we're talking about are all NFTs in the UGA labs life boat. I like it. It's gonna be interesting topic talking through it. And Andrew, what do we see in the news today in NFT land? . [00:00:14] Well, we've got some board aid news to start us off. We've got a some stories about NFT restaurants. We've seen a handful of them popping up lately on new. [00:00:23] One was just announced down in the LA area from a restaurant, or that has four or five chains already. But seeing a couple of these pop up also have seen let's see, it was universal music. They've purchased a few Asians. Four apes three or four apes. Now they're putting a music band together, similar to the gorillas put using the board apes. [00:00:47] So starting to see these H be used a lot more in brands and I don't know the way that people have talked about it, but actually seeing it come to fruition of that year. Yeah. When you see this, it's [00:00:58] just really sort of the culture following this and you know, it's a funny picture of like board ape imagery on. [00:01:04] Fries on a burger thing on a soft drink. It's, you know, also being used for really expensive sushi. It says lavish sushi establishment. So it's kind of weird to see a brand being extended in these like extreme directions and like what what's the net result. I'm not quite sure, but you know, try to be parsing out various flavors of that. [00:01:26] I think in the. [00:01:27] Yeah, absolutely. So next we've got that board aid. We get, we talked a little bit about this board. Apes are trying to build a metaverse, you know, somewhat as a antithesis to the Facebook Metta world that may be coming or whatever that may be. This is more of a web three native crypto native, metaverse and that's sort of how people are positioning it right now. [00:01:50] So interesting to see. How, how the NFT or, you know, world crypto NFT world is reacting to this versus the meta play when that was announced. [00:02:03] And they're look, they're there. Just checking every single box on the playlist of launch a project, do the secondary airdrop launch, a coin launch a metaverse with a land sale, right. [00:02:19] Drop in on, you know, restaurants and themes. It's, [00:02:24] you know, go, go to [00:02:25] go to the playbook of the common roadmap, except they execute, right. Like ideas are cheap. Execution is real. And, you know as we mentioned, like that airdrop of the eight token in the last episode, you know, it, it happened it's real in, in sitting in like 2.2 freaking billion dollars. [00:02:42] It seems to be roughly holding somehow value. As of, as of this. [00:02:47] Yeah, I was, I was definitely not so sure that it would hold value as long as it has. You know, and we'll see what happens, you know, who knows by the time you're listening to this, I'm sure it's moved in one direction or another, but I really don't know at this point, I haven't paid all that much attention to the price movement other than just hearing it once in a while to see, you know, what has happened. [00:03:07] Let's see, moving onto the next news item here. We've got a time magazine. Pretty active in the NFT world. They have released their first ever NFT issue and they've got metallic, uterine co-founders and ease of going on Facebook, Ethereum on the cover of this. And interestingly, in this article, in this interview, he talks a bit about how you know, he's not necessarily happy with how. [00:03:30] The, or the, the current state of a theory of, and how NFTs have maybe glorified some of the aspects that he doesn't necessarily like about this, including just wealth and attention that maybe go on with board eight. So he wasn't necessarily. They specifically call them out, but a lot of people read it as a sort of an anti, a board, a kind of stance from metallic. [00:03:55] And, you know, he took it from a point of it's that there's a lot of wealth inequality. There's a lot of eco issues that are definitely are glaringly obvious in this industry right now. And and those are, I don't know, I guess board eight and NFTs are kind of the face of that. [00:04:12] Super powerful to see obviously the first entity issue of time with, you know, metallic and also it just, you know, it's not all sunshine and rainbows. [00:04:22] Like I think it's super interesting that he's just like, look, look, here are the problems. And he talks about the top three over your investors jumping in with more than they can afford to lose. The public flaunting of crypto wealth of like that sort of freaking Lambo culture. Like that's that's shit. [00:04:38] Like, you know, it's, it's really turns off a general population. Even though some are attracted to that. And then the one is the high transaction. So, you know, making it essentially only used for like huge amounts of finance or, or gambling, like he really wants to see the utility of this. And it's also important to note. [00:04:58] Metallica is very different than mark Zuckerberg. He doesn't own right. The controlling voting shares of the theory, certainly massively influential, but you know, this is not necessarily his like sort of command and control and that's really awesome. Right. And he doesn't love everything that's happening in the platform, but he also can't just shut it. [00:05:19] The way that a Zuckerberg, [00:05:21] right. He calls, you know, buying a board ape and then whole ecosystem, just straight gambling. He's like, that's gold camp. [00:05:27] There you go. You built it, but that's how people use it. Yeah. Yeah. You know, a bit of a funny part that came out of this, you know, there are a lot of, a lot of negative comments about the the look of metallic on the cover of this. [00:05:40] And people were comparing him to. To a, you know, got a Tom Brady, they went with addicted. There were a lot of different, a lot of different descriptions, but I actually could see him. One of these, he actually, you know, I could see the Tom Brady look a little bit, but he, he mentioned that he didn't know who Tom Brady was. [00:05:58] And Tom Brady then took some time to introduce himself. And I don't know that Tom Brady gets to do that much, but he said he was a big fan of a tall, like, you know, as we've mentioned, Tom Brady has been he has been used in a lot of ads and has his own autograph. NFT platform. So, you know, I think he genuinely is a fan of metallic. [00:06:19] I think it was pretty cool to see this the all time, the greatest all-time quarterback saying that he's a fan of the tele who doesn't know who he is. So, you know, maybe that means something in our culture at this point. [00:06:30] Maybe it's why I keep coming back to like how disparate the cultures of NFL in crypto are and why I'm always like, so excited about the NFL coming in. [00:06:38] Because if like, if that sort of Venn diagram gets. I think it's a huge on-ramp, but [00:06:43] that's absolutely hilarious and [00:06:45] happened over Twitter. So Twitter, it can't, it's not all bad. And then Twitter, not all bad. [00:06:50] Let's see, we've got one more story. We've got game stuff again. I feel like we're talking about them a lot. GameStop has launched eight marketplace and an empty marketplace, which we have talked about. And because they had raised money from a mutable X, of course, they've launched that on a note they've launched on Lupron. [00:07:08] No real reason, no. Given Lupron announced this man. Now, GameStop is saying that they're going to support both of these. Of course, they've raised all this money from a mutable X. And as we mentioned at the time, they then immediately dumped the coin, which caused the coin to go down pretty [00:07:28] drastically 40% or [00:07:29] so. [00:07:30] Yeah. And in this case, it's the opposite. Now loop ring is a, is I think jumped about 40% once this news hit because nobody saw it coming because there had been no word of it. The bring just announced it. So not much. I don't know what's going on here. You know, GameStop is they're good at putting themselves in the headlines. [00:07:50] I don't know if this NFT marketplace is going to ever be meaningful though. [00:07:55] Yeah, I guess we will see time will tell. I will definitely wait and see and not jump in on this one. Actually [00:08:03] give it a, give it a minute or two. Let it, let it be. So Andrew, [00:08:07] I feel like we've been letting our audience down by not giving them affordable projects and partially because look, if they don't have something good to say, we're not going to say it, but you found something interesting. [00:08:17] Why don't you share with this collections? [00:08:19] Yeah, that's great. D gins and Ft. Let's see. So this is a, let's see how many pieces is, this is a hefty collection of let's see. Oh, no, it's a much smaller collection than what it says. Sorry. I am not stressed. This off is about 4,000 pieces. It gives you access to a NFT alpha groups. [00:08:38] So it's a group that discusses new projects discusses news in the NFT ecosystem posts updates each day. They got my attention when they put out a report on the rare token from super rare when it was especially low they. Saying that it was a good buy at rallied abouts. I think over a hundred percent since then they put out six new reports just this past week. [00:09:04] And it seems like that's just going to be a regular thing. They've announced they've got five more coming next week. So I've found those helpful to look at even. Not projects that I'm necessarily getting into. It's great to get some insight into what people are thinking and seeing around around the NFE ecosystem, they've put out a lot, or they put out a lot of content each day. [00:09:23] Two of the people behind this are hosts of a warning Twitter spaces show and rugged radio, a once a user owned Audio platform. That's currently done Twitter spaces, but they do a morning show there with, let's see it's O S F N F T, who is a, he was an early punks collector and has been in a lot of a lot of big projects and seems to be quite influential in actions. [00:09:49] I seems to be, he is quite influential. You know, when he posts and is quite knowledgeable about the NFT ecosystem. Great. Mondo is another one that is on there and Baroque, who is a artist and a sort of social, an FTE person or social media, NMT influencers. So they all are on that show and do a lot with this project. [00:10:10] They post daily updates starting with more of a marketing. Wide outlook, you know, macro outlook of what's going on in the world from a financial perspective and then how it relates to crypto and then finally into NFTs. So they post a lot of content That just gives you a lot more than you can possibly track on your own. [00:10:32] So I found that helpful. Let's see, we've got a floor of about 0.2 right now. I have one of these right now. I got in at that price as well, or right around there. So there's different types of characters. You know, like I said, it's, it's getting you access. So, you know, you can, you can get. Spend some time looking at the the different rarities. [00:10:52] There are some different types of let's see different there's lobsters, there's some different characteristics, but you know, you're looking to just get in to the discord. You know, you can look at something around that floor price, but try it out has been holding fairly steady around that price recently. [00:11:09] And let's see, moved up. It wasn't. The town in the 0.1, five range for a while there. And let's see for a couple months it looks like or a better part of a month. And then has moved up recently. So, you know, it seems like people are noticing, you know, I don't know if they are planning or I shouldn't say they, they do have one. [00:11:31] Other project that gives you access into it. I don't know if they're planning any others. I think it's just these two projects that give you access to the discord. So it is limited in how many are out there. The account that they have systems that they have on open see is wrong. They mentioned, so it's a little hard to get the exact number. [00:11:48] They say there's about 4,000 pieces, but this, and I think that's weird. I said to the other [00:11:52] open, see, it looks like it's saying it's like, it's an 11,000. But yeah, that floor is definitely moving. You know, what I do like is the community based like access as long as there is a dedicated content generator associated with it, like just access to another freaking discord is like, need that like a hole in the head. [00:12:10] But not a bad call saying like, all right, here are people that are, you know, talking about topics intelligently. So interesting. I will take a look full disclosure. I don't own one. I may FOMO in, although I'm trying to get myself a little breather after a recent, recent. [00:12:24] All right. Good one. Yeah. Sorry. [00:12:25] Went on a little long there. It is a project I liked, so yeah, take a look if you're looking for more news, but we also, we also share a lot of good stuff in our own discourse. So hop in there. If you are looking to to discuss projects and we've got links, we've got we've got some discussion going on and always welcome new people there. [00:12:43] Great. Thanks. Alrighty, let's move into the theme. I'm excited about this. The concept here is, you know, are all NFTs in the UA labs, lifeboat. We all live in a UGA lab submarine and rough back of the napkin with that recent purchase of the SS behind you know, or the BuyBoard natives buying crypto bonds. [00:13:06] Right. And. They roughly have about 25%. I think this is right 25% of east based NFT assets. However, you classify that, which is massive. If you think about how many different projects are out there, that, you know, one company is now controlling this much. And with that, that's, you know, it's a lot of ease. [00:13:28] It's a lot of NFT value and they're now sort of dictating this larger play. We already mapped out is sort of following this Pete by number, but feels like roadmap of things you do after you have done your initial drop. Yeah, I think it's [00:13:45] worth taking a look a little bit more about, you know, how they actually did this. [00:13:49] You know, they all came pretty quickly here. You know, they bought that IP, they announced the the Abe claim right after that. And then they announced the the funding, which had been rumored for a while. You know, like a day or two after that. So it's been a lot of news for you guys. It caused a lot of movement in different projects. [00:14:11] You know, we talked about it, the other side video and how different projects were featured in there. Definitely seen prices of some of those projects rise because of that. They've since fallen back down for the most part. But I wouldn't say that for the overall, because of me, bits of definitely Held pretty strong surprising to me that they have done as well. [00:14:33] You know, but I think beyond that, we've seen that this ape coin has, it will, it's done well, but there have been a lot of people that have sold. You know, I think one. One interesting aspect here is that they released this in March, shortly before the us tax deadline in April where a lot of AP holders may, may owe some, some taxes if they have sold any at this along the way and still hold some, they may not necessarily have the liquidity, but this certainly helps if you are in that situation, because this was a big airdrop for for. [00:15:09] I am holders. And then there's the people that don't necessarily need to to sell to, or, or to sell for taxes, but maybe can use that in other projects. And initially we saw that going into some of these other projects that were mentioned, and, you know, I think there was a thought that it would sort of float more of the NFT marketplace. [00:15:28] And I think a lot of that. Largely stayed within the UGA labs ecosystem, whether that's just into other NFP project from board apes to, to the the kennel club or the mutant Napes or even to some of their other IP, like they need that or punks, you know, I don't think those are as popular, but there's, I think we're seeing a lot of it stay within that ecosystem rather than go out to other parts of the ecosystem, you know? [00:15:51] And it's, so it has helped some of these other projects, but I don't know that it's helped as much. As, as maybe some thought. And the other side of that is, you know, if, if they falter, I think that it could be bad for the NFT space as a whole. [00:16:07] Yeah. I feel like that's what you're hinting at. You're saying they are now the, you know, the banner for NFTs, good, bad indifferent. [00:16:16] And then here is a company which [00:16:18] can do well, it can do poorly, but it is [00:16:20] motivated by. You know, shareholder value is it's taken on investment. It is now on a very distinct course and you know, we've yet to see what happens. I think there was inevitable. There's an inevitability to this right, where you've got the pendulum that will swing from all right. [00:16:39] Here's a highly fragmented, decentralized market with a lot of different brands, a lot of different small players, all playing all at once. Inevitably one of the fish gets bigger than the other ones and figures out how to. And then swallow too, and then sort of capitalize on it and follow along with the way financial markets always do a power law where 10% of the things have 90% of the asset and a distribution. [00:17:04] And so, you know, this is kind of expected. I would maybe say that there's probably more, more to come either by them buying. I don't know if they would buy more, but others realizing like, you know, boarding. I mean you labs, I'm sorry. UGA labs now have five of the 10, five of the top 10 most traded by sales volume and FTEs on the interwebs. [00:17:28] Like that's, that's a lot. So I said 25% of overall value, but like just of the top 10%, they have half of that list. [00:17:36] So one important distinction between the collections that they've created versus acquired is the commission. There is no commission on punks, or maybe it's a, it's one of the reasons me, this have been used so much in wash trading on the looks rare platform because there's no commission there [00:17:56] really quickly, what does commission [00:17:57] actually need? [00:17:58] Right. So the, so commission. Brittany into contracts so that the the creators get a percentage of the sale. So I [00:18:05] believe, let me challenge you on this. I don't know if it's actually written into the contract. I thought it's something that the platform has to honor based on the intent, because you can go to other dark markets and trade around that. [00:18:18] I feel like that. Yeah. [00:18:19] I, I don't, I, yeah, I, I don't know exactly how I, I don't know because I, I don't know exactly how it works. It's certainly something about the, the, the The project itself, the collection itself, because there were collections that were being used. I mean, if there is something set in the contract, I don't know if there's a way for platforms, essentially, not to honor, I guess I know there's a way for a platform to just not honor it. [00:18:41] Like it's not immutable to the contract being [00:18:43] written. Like you can incorporate, it's not fun to transfer that it actually happens the platform and students to pay it out of. Know, I think that should probably be addressed if there is a, you know, a fair way to do so. But I, you know, I think that is important to think about, even if they're getting huge returns from the board apes, there's been massive tradings since all this has happened, I, you know, was looking at it the other day. [00:19:08] And I think I've realized that I think. Within a few days, they had taken in about 63 million in fees from the trading. And there's really no cost to them. I mean, there's, these are digital assets that are being traded at this point and it's on a marketplace that they don't run. You know, they're paying eight fee to open, see, or your character looks rare, but they're also not spending anything beyond that to, to, to do this. [00:19:31] So let's see. It's a very. It's [00:19:33] taken like 2%, 5%. [00:19:36] The question, I don't know. I would say I was going to guess two and a half. It may be as much as five. You know, I, I, we should look at that. Yeah, let's look it up [00:19:43] real quick. Cause I, you know, what's curious, I'm just looking at the past seven days right. [00:19:48] Of, of transactions for just boardings, right. There's been like 216 of those that happened and let's say. They get 5% of that. I mean, they made 3.5 million on just board apes, changing hands and seven days for, you know, the cost of breathing air. And so, you know, similar to the way that, you know, Google has got this money printing machine called, ad-words and certainly apple has its money printing machine called the app store. [00:20:21] Look, [00:20:21] you know, [00:20:22] the, the numbers are there. As long as you're able to keep the marketing brand and value there, it's like awesome. In terms of generating that kind of revenue, but interesting that I didn't realize that NEBA is set up at a zero fee on those, which, which kind of hurts in that kind of volume as it moves back and forth. [00:20:39] They're like, Ooh, you know, what is the, what is the ongoing value of that? And Ft to, to the, to the credit. [00:20:46] It is a two and a half percent commission fee for a UBA labs on each each secondary sale. So let's so divide [00:20:53] my number in half. That's still whatever, you know, like a couple million dollars. It's [00:20:57] incredible. Yeah. I mean, it it's, it certainly adds up. They've been doing huge numbers recently. You know, they keep adding, adding more ways. [00:21:05] It shouldn't say that that ape token is. Was officially launched by the, the board API club Dow. It's not by UGA labs and it does. So it's not any. It's not, it has no stake in UGA labs has nothing connected to the the revenue or to the commission there. It is a Dow, you know, I will see what spins out of that. [00:21:27] You know, as we know, a lot of doubts are created and there's a big challenge to getting something going, you know, that thing said, I could see this token being. In there. Metaverse for sure. We've seen some drops. Recently I know Snoop dog did one that was an album or a song, I believe that was only available in the able token. [00:21:44] So I'm sure we'll see use cases like that. You know, maybe it becomes a dose like meme going, but it's, but it's a power instead of instead of dojo powered. Yeah, [00:21:54] and they're they're going to push it right. That all it all has to succeed. Right. And so if that boat continues to rise, so to do that, [00:22:02] The overall [00:22:03] fate of entities, I think I'd take the contrary to you on if it sinks. [00:22:07] I don't think it sinks the overall market actually. There could be a positive externality of that, which is they stopped sucking all the oxygen ahead of other projects. Right. Because like so much money is going in and it's like, oh, where do I go? I just go into this one corner. And suddenly it sort of starves a long tail of projects out. [00:22:25] I feel like [00:22:25] . I don't think they're going to be. Okay. Anxious to get back into other lesser known projects. That's, that's what I fear. That's interesting, you know, we'll see, you know, I think they also have the potential to grow the market so much at this point. And I think that's, that's really the , that's what I'm hoping that they are just leading many more people into this and that they will become a smaller part of the market because the market grows so much. [00:22:48] And, you know, I don't know. It's great that they have such a large large stake in the say of the market at this point. Yeah. [00:22:56] I don't know. I think the people they onboard are like coming in and buying a $200,000, whatever, and then they, they're not like a real potential user. Right? Like they're not running around with that with a hot Pollock. [00:23:07] They're like, all right, put it in a desert, put it out of sight and then like, hold it, set it and forget it. They're not like necessarily jumping in and active in the community. I think there's like a weird handoff of. Kind of just cold collectors, maybe rolling into those sides. Yeah, certainly [00:23:22] I could see that, you know, I would say the counter is this ape token is actually the easiest. [00:23:28] It's the easiest way for anyone to get involved in the ecosystem. You really, anyone can exchange any amount to be part of this now in some way and have some small part of this. Whereas before I think you had to, I don't know what. I'm sorry, what is it? I always forget the name that the kennel club. I don't know what those are at. [00:23:45] Not my, I don't think it's a super other popular project in general, but I think those are still, if I dunno, 60% of the [00:23:51] time, the teller, the number nine, they did 10 million in last seven days. You know, they're real right. And I'm sure we're it April. [00:23:59] Hmm. Wow. And that's, that's a solid race war for a project that nobody really even talks about. [00:24:05] It just it's just because it's. [00:24:07] and, you know, it's part of it's, it gets you in there. And I think, you know, we're going to see a lot of people just by that token to have part of UGA labs too, even though it's, you know, as I said, it's not part of it, but here's why it's going to be correlated with how with the success of Hugo labs three [00:24:22] years from now, you could have the option of buying well at this price, eight X copies or one. [00:24:29] 48 kennel club. Like it's not even a question in my mind. And maybe that's like, what I feel like, you know, Vitalic is, you know, saying or not saying when he's like, that's called gambling, right? Like, you [00:24:40] know, the, the thing I always keep in my mind is this, the rate of [00:24:45] increase the shorter, the timeframe that. [00:24:47] Right where it goes from zero to absurd. The shorter, that amount of time, the more likely is that same half-life existing off the back end, the faster it goes up, the faster it rips down as opposed to, you know, slow, steady growth over time that sort of grinds improves and grinds and proves is more likely to have that type of staying power. [00:25:08] So we're dancing on the edge of a knife for sure. And you're pointing. That there is a, there is a major spike and bubble in certainly maybe this valuation is hard to say what these things are all valued at, but it has risen in a short timeframe which sends off certain alarms. [00:25:25] Yeah, I think you're right. [00:25:27] You know, it's kind of the opposite of the Lindy effect that we've talked about, you know, really want long steady or, you know, slow, steady is a lot better than the fast like this. You know, there is a, a lot of profit to still. Taken by people for a long time on the way down. So, you know, you've got to keep that in mind, and I'm not saying that that's going to happen. [00:25:47] I'm not saying that it should, or that these are overvalued. I don't know. You know, I'm not saying that I. It's not one that I jumping into at this point. I think that's a good, good way to think about it. Would I rather have eight of those X copies that we were just minting on the last last episode or, or one of the the kennel club and, you know, I, you know, it is, to me, it's easy to say that I'd rather have eight of those Zack X copies. [00:26:13] Oh, you did [00:26:14] accidentally by two less, we forget. [00:26:16] Yes. Still, still a little short of the EPA. It's still funny. It is. Yes. Yes, it is for some of us. [00:26:23] All right. Anything else that you want to tackle on this theme? [00:26:27] No, I think that's good. You know? We'll see how this evolves. [00:26:31] All right. Thanks for bringing it to us.  

NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: https://www.theblockcrypto.com/linked/138828/nfl-loosens-rules-around-crypto-company-sponsorships-report https://nftevening.com/nft-artist-xcopy-comes-under-fire-for-new-1-eth-open-edition-mint/  Bored Ape Yacht Club creator raises $450 million to build NFT metaverse - The Verge  Yuga Labs Drops A Teaser For "Otherside" And We Can't Wait  Theme why XCOPY? Value of holding a glitch art NFT NiftyGateway.com Transcript [00:00:00] Today on all about affordable NFTs, the team buys the next copy. Hopefully we are actually on this episode live because of when we're recording and when this drop is happening going to be talking through our hopeful ability to buy the X copy dropping on March 24th. on the Nifty gateway, Andrew. [00:00:24] Good. Just so you know, watch and watching this drop today, it's been good. There's been a few different parts to it. The edition that we're looking at is still coming up here, but it's the final part. And man, it's been exciting to watch some pretty big bids on some of the auction items early on here. [00:00:40] They were an addition of six and addition of 12, I believe that addition of six was a. I think the minimum was about 70,000. Sorry. I lost track of that one. At the end. Let's see. Have you been watching this as, along the way, George? [00:00:56] I've been looking at it. And then just to take a step back, explain what's going on nifty gateway.com is one of these NFT platforms that is a much, much more curated experience there. I'll just be honest in the past. And a touch critical that some of the drops they're just lack community behind it and community is what drives marketplace values. [00:01:18] It has been pretty thin secondary on a lot of general pieces though. They are able, I will say this very able to bring in amazing artists and I'll just say an ex copy is something that I thought was beyond my general purchasing power. So we have our eye on one in particular, the max Payne open edition it's max Payne and friends. [00:01:40] And it's very much in the style of glitch art X copy. That is really emblematic of one of these art movements. And I'm excited about it, but in. I'm already breaking one of the rules that I claimed I was buying a piece that is one eith I claimed I would only [00:01:59] you said I believe you said, [00:02:01] over 180, so I think you may technically be okay here and I even on, and I'm going to go a little further here on nifty your gas lists. [00:02:10] Oh, [00:02:11] Until you get it out you've gotta, you gotta pay something to get it out of the the wallet there, but it's this is the first time I've heard a lot of people talking about nifty gateway in awhile. [00:02:21] They do get a lot of big artists still. I was looking through some of the recent drops, but it seems like people were really excited about this one. And X copy is an artist that little. Oh, it's everybody seems to know beyond even if they're just into maybe PFP and FTS profile, picture type projects, they still know the name X copy. [00:02:42] They recognize X copy. And a lot of people still don't have it. Don't have a piece from him. So this is one of the this should be one of the biggest mints that he's done. Maybe the biggest there has been some criticism about the one eighth price and. It thinking that it's maybe too high looking at what's out there right now the cheapest four piece is about three and a half E I believe. [00:03:06] And that's that's an addition of 600 from NFT boxes that was done last year. So you know, I, it is an expensive mint. It is also quite a bit lower than what the market is priced at right. [00:03:20] now. I understand why people think it may be too much there are. He did it. [00:03:24] It is it's an artist that has proven he'll come back to pieces and will deliver value. And doesn't forget as collectors. [00:03:30] And so to clear it up a bit more, an open edition means that as many times as humans, click mint, I guess bots too. But as many times as mint. In a window of, in this case, I believe it's gonna be 10 minutes and it's going to happen in seven minutes, by the way, let's keep an eye on that clock. But in that window, as many times as humans, click mint, that is how many will be in the marketplace. [00:03:52] Is that correct? [00:03:53] Yeah. that's how they do that. Open edition. It's not my favorite thing to collect or men just because you don't know how many will be there at the end. And as it's there's been many open additions that have left people without much of a secondary market. I don't really expect that to happen with this one. [00:04:13] I don't think that it's going to be. A piece that will see a sudden rise in value. But I also think that if you're looking for a long-term hold for me and artists, that will be considered one of the artists that really was. Bleeding edge of going into NFTE art. I think it's a good play there. [00:04:33] Because there's still a like I said, it's still a pretty high priced artists to get into otherwise at three and a half feet. [00:04:40] Yeah. And I think it's, I just, I really I'm excited about it, but I also acknowledge that here's what will likely happen and I think it will be interesting cause the listener can go and currently look at what is max pain trending at on open sea or on nifty gateway, because it's weird. [00:04:57] It'll be a dual market as well. And there's going to be a lot of flipping and some FOMO. I wouldn't be surprised to see the price actually get below mint. I would be a little surprised to see people dip below mint because I think the people that are knowledgeable of X copy one, understand that place and are likely wanting to hold it. [00:05:16] Like the, my problem is that like I'm walking up this money for a very long time because I want to hold it. I just I'm excited about holding this particular artist and I respect. That he has proven and conducted himself in the space sort of giving access to previous holders and really just maintaining a style and consistency of work where you can look at a thing and. [00:05:35] That is an X copy style in the same way that you can say oh, that is in the style of Monet. Oh, I get it. This is like an impressionist style. And so it checks a lot of those boxes, but I wouldn't be surprised if later on this maybe drops down and I'm emotionally prepared for it because what we were talking about the other day what would you buy and hold for three years? [00:05:57] Like something like this probably. [00:05:58] Yeah. [00:05:59] absolutely. If we had a chance to do that with one eighth of that five towards this it's something that I would absolutely be willing to hold. So I think one interesting thing that we haven't talked about here with this drop is that it's some of the earlier parts that I alluded to earlier. People that were holders of an earlier nifty gateway meant of his a, it was called afterburn. [00:06:22] There were two pieces, two parts of that after burning guzzler. So you could take an afterburn and enter that into a drawing. So there were about 870 of those, afterburns before the. You could enter any one of those into a drawing. If it was selected, it would be burned. And in return you'd get a green version instead of the red version that was common in the 870. [00:06:47] So it's a more limited edition version. So then it's reducing the supply of that initial piece too. So then the second part of this. Still coming up here is if you can take two of the afterburn additions it made actually going right now, as we are speaking you take two of these afterburn additions and burn them for another open edition. [00:07:08] It's actually three different open additions. You can select one of three and. Get any one of those three, if you do burn those two, of course you lose the two of them, but you get a very exclusive piece by doing so. As we're recording this, the floor price for those afterburns, that's been going around six and a half hours, the high sixes, low sevens. [00:07:28] So it's a pricey piece. So burning two of those is big by. It should be passing some of the value to the new piece, but that's a lot to do. So you're also putting it all into one piece then. It's an interesting drop, but as you're it is an example of how he is coming back to old pieces. [00:07:46] And I wouldn't be surprised to see this open edition used in a similar manner for our drop in the future where you can baby burn pieces or somehow reduce the supply of these so that it's not a huge addition for us. [00:07:59] Yeah, and I think you were speculating. Hold on two minute warning, two minute and 50 seconds more and let's not talk through. [00:08:05] thank you. [00:08:06] The over-under that you said you think 5,000 of these things are going to be minted. [00:08:12] That's, it's a high number. I don't know. It's a number that I heard. It was listening to it, a Twitter spaces. It was a number of, they were floating around there and it didn't seem far off to me when I start thinking about the demand that is out there. I was looking at some numbers today of what I could put together for X copies. [00:08:30] Secondary market. I've found that there's about 25,000 each that's been traded on secondary volume. So a lot of that I shouldn't say a lot of that. That's actually a small number of that is just one-on-one one-on-one work, which is on super air. A good number of that has just been. Purchased originally, and then held by the original mentor or purchaser, I should say it's done super at the artists typically Minson themselves. [00:08:55] But. Sorry, but there has been a lot more there's been a lot of grading that it's a good secondary market, it's it? It doesn't the prices don't dip much just looking at it over time there's, it seems like the interest is growing. So I would not be surprised to see it go that high it's. [00:09:13] I know it is [00:09:14] All right. So you're going to take the over, I'll take the under, but you realize we're talking about $15 million in event. [00:09:20] Yeah, I know that is, and it's 10 minutes. I hope that I'm high on that one. I just, because I want to, I'd like to [00:09:27] sure. You're all set up on nifty. You have to get that prepaid Ethan there it's [00:09:31] I've got that. I've [00:09:32] and they blocked certain cards. They're like, oh, sorry. No capital ones. And oh, it takes five [00:09:37] Oh, you can move. You can send me from a from a wallet as well. [00:09:42] correct. Yeah, they've done. I will say a lot of work. They've done a lot of work to improve the UX at nifty for actually integrating with the rest of. No crypto interfaces and wallets and I hats [00:09:56] are we here? We get to take a look [00:09:57] We got 42 seconds. You're going to refresh the page or not refresh. [00:10:00] You're gonna wait for it to happen. What do you want to do? [00:10:02] I I don't have a lot of I don't have a ton of experience on these nifty gateway sites. [00:10:08] a bit of a nifty X brown, go ahead and refresh. I don't want to get caught in the page cache with, cause I really like the other game is like mint number, right? So oh, when you know what mint number do you get? So if you're not first, then you're like, oh, don't want the hundredth or something or what number you got? [00:10:23] at the top of this at the top of the screen, when you do a refresh [00:10:27] Two, one mint, prepaid Eve, my alarm going off in the background purchase, complete Alexa stop. [00:10:36] also. Wow, that's a good price for each right now. [00:10:39] I was watching it all day. I was like, of course. And the last two days, this thing is like freaking rip. [00:10:44] Not good for purchasing, I should say. Good for [00:10:48] I feel like he does the exact opposite. I always wanted to do. Yeah. Oh, I am so pleased by this. I am very happy. [00:10:55] So now we can watch it. We can actually watch this live. How many are minted? I believe I was just noticing that we did the other mince that I was mentioning where you could burn two of these. They are complete. So you can take a look at the number of the number that were actually it did. [00:11:14] There it'd be. [00:11:15] Max Payne, open additions. I don't see. But I always want to come back to this like really quickly and why we wanted to do that. Like the team buys an X copy live, like this is part of the attraction of. Alive drop. It is part of the excitement that frankly NFTs have we were saying like, oh, you're just trading things like right now I have the dopamine rush. [00:11:38] I'm like actually excited. I was nervous. There is a whole process there. And now like a hilarious story of oh, when I bought that thing, we were doing a live podcast. This is one of the things that. And I'll use the word addictive, but hopefully with the lower case, in the sense that like it's fun and I would probably do it again. [00:11:58] Hopefully not at that price Angeles, the last time I'm going to spend one Heath on something. But I think hopefully we conveyed that and capture that. And then the people listening to podcasts, probably minted things before, but that's one of those thinking about onboarding for new people. [00:12:12] Type of excitement and experiences that I think if nifty actually gets right there, like it's pretty easy to onboard there. It's clean. You heard us click done as opposed to oh, wait a minute. Am I writing to a contract? Oh, this site's a little weird, what do I it's, [00:12:26] Yeah, absolutely. It's it is very easy. It was actually impressed me how quickly that went forgot what it is like when it is nice and smooth, like that it's like minting on polygon or something where you don't need to just wait for the gas to get through. So I was looking also at those other additions that I mentioned just to give some context there. [00:12:46] Let's see, 2134 and 33 of the various pieces. So that was another 88 total additions. So it means that there were another 176 of those after burns burned. So there total of, let's say 276 of those 870 burned. Today's drop of those. Afterburns significantly reduce the supply of those afterburns. [00:13:11] I'm also giving that collector, some new pieces to get into that others don't have so more unique pieces and I think this is a pretty cool drop. In general nifty does the you're right. They do a great job with this part of it. The like a lot of other platforms, these specialty platforms, I would say it's not just nifty. [00:13:29] They don't do much to really encourage the secondary market. It's okay. When you've got an artist. Like X copy. And there's other artists too that have big fan bases and don't run into the same issue, but there's a lot of artists that don't have that. And they may make some incredible art, but there's just no secondary market there. [00:13:47] And it's not necessarily just the artist's fault. I think these platforms can do more to encourage the secondary market and make it better for collectors and artists alike. [00:13:56] Yeah, I'd say where I've been burned most frequently on nifty. Cause I bought probably a lot more than you have on this particular platform is first time artists that have had success in another industry sphere or sector and are coming over for the first time because there's a ready-made audience ready to go. [00:14:16] doing the hard work of saying let's build community, let's build my, my persona in the crypto community. And with, without that I think that's a big lesson. All right. Quick update. There's five minutes left in this mint and Andrew, you're going to be like, shockingly, do you know what it is at [00:14:34] I am not looking at it [00:14:35] five thousand one hundred and forty five thousand one hundred and four. [00:14:39] We're halfway through. I know it will slow it down. We'll see what [00:14:43] It's been slow it's rate of its rate of increases is definitely slowed, but so that's, we just watched 15 million psych role and I'll say the site didn't even hiccup, right? Not so much [00:14:54] So I was, I did run into problems. I ran into problems initially when I went on to just check the auctions, but they. They did a quick refresh. They pause the site for about five minutes and they actually added some time to the initial options I noticed without running into huge delays or needing to send out notifications that just did it and took care of the issues. [00:15:16] And then the site worked perfectly after that. It was. [00:15:18] Yeah congrats to progress. The next cabin is quite a pay day. [00:15:22] So I'm just curious are when they do open additions here, or is it limited to one per wallet or people minting multiple per wallet here? Do You know that this George, it looks [00:15:34] You can keep buying them. [00:15:36] Oh, no, shoot. No. I may have just accidentally purchased another. I think I may have accidentally bought another one. I was, I'm very used to having to be able to click things and then have a lot have the confirmation come up from your [00:15:52] Oh, my God. Did you just buy another one? [00:15:56] So it looks like I bought two of these. Okay. All I am not editing this. [00:16:00] Be careful what you click. this is a live lesson and here we are. I'm all right with that. Like I said, I think it is a good long-term whole, luckily I You have the ease that I'm okay with that purchase accidentally. I am used to a my, my wallet where you can click things on the browser as many times as you want. [00:16:20] And the browser doesn't matter because you'd need to confirm it in your wallet. And that's not the case where you're on nifty. Like I said before, it is a very smooth baby, too smooth of a process for some of us. I love it so much. Good. Probably a good. So if you're listening to this, there may be somebody trying to sell one of extra X copies on the market. Congratulations. You were probably the 5811th person to buy one. [00:16:48] Like I said, I think there is a good chance. There'll be a burn mechanism to this at some point. So. [00:16:54] may not be so bad to have a couple. That's what I'm going to go with. Anyway. Tell him myself, it's a good move for the future. [00:17:00] I feel we've gave we gave a good summary of what a alive mint is. And we'll do this later. Those of you listening at home, Andrew is rubbing his face and a little bit of this belief and he has turned a brighter shade of red than I normally see him. He has a little flush. [00:17:18] As one might be let's talk about some headlines that we were going to share now that the [00:17:23] sure. Let's get [00:17:24] excitement is over. [00:17:26] headlines here, man. It has been, ah, there's been a lot going on and it's hard to keep track of everything. You've got. Let's start off with what you've got here on the top here, George. [00:17:37] Sure. At the start I like following what dapper labs and NFL and the whole ecosystem is doing. And the recent news coming out of the block, crypto.com is NFL Lucy's rules, loosens rules around crypto. Company sponsorships. This is the sort of can they buy a stadium? Can they support a team? [00:17:57] And it's just going to increase the amount of crossover advertising. Obviously the super bowl was very crypto Laden, but this is opening up. I think the team level, if I'm reading this correctly, the team level types of promotion and relations Yeah, I saw this. And I noticed that they said that it can't be used for merchandise or experience or for exchanging for that sort of thing yet. So it is just advertising, so they can't have direct Direct correlation with these assets yet. So I think they're trying to keep them away from things like NFTs for tickets, but I think it is a a start and hopefully we start to see even more there. One more nuance in here actually also is that the NFL allegedly, I don't know how they track this. According to some reports spent 600,000 lobbying the sec and various government either. Agencies on blockchain technology. So it's interesting to see like the lobbying efforts to move and adopt crypto coming from a lot of different sectors. [00:18:53] Yeah, that is interesting. Very, yeah, it's a lot in that NFL tends to do pretty well and getting their way. [00:18:59] All right. You want to drop the big news? [00:19:02] Sure. Yeah, we've got big news from UGA labs. The creator of board apes got all sorts of big news from them. Let's see, they've raised $450 million. In a, I guess it's actually the seed round. So the study record for the largest ever first seed round, it was their first funding. First outside funding they take, they had taken this. [00:19:22] Is that a $4 billion valuation? This is big. They took this. Was Andreessen Horowitz leading the round here. I think they were they were the biggest investor by a pretty good margin. I don't know exactly what all sports in there. I did a hear of a lot of NFT influencers and a D traders that were also involved in this round. [00:19:45] They made a point to make sure that anybody that was investing had to own a board ape in order to even be eligible to participate in this round. There it's, this is big it's huge money. They also own the crypto punks IP as we've discussed. So they have a good chunk of the market now. [00:20:08] Yeah, valued at 4 billion. After that investment, it is pretty massive. And and have having here they're they also have a drop for a teaser the other side. What's that about? [00:20:20] Yeah. So this leaked on Friday night around, I think. PM Pacific time. So not a time that you would think that they would be putting out a video. It seemed like it leaked out. And maybe it was a little bit earlier that than that. And then they put it out officially after that got the official version out there. [00:20:38] So it was this. Video of rendering 3d rendering of the apes, but then they've, they are joined by let's see crypto punk driving this spaceship eager, say crypto cam. I'm sorry. A cool cat in there. A crypto's a let's see, I think there's a doodle in there. [00:20:56] I'd see it nouns in there. I [00:20:57] nouns. Yeah. There's so the, yeah, so they put a handful of projects in there that cause a lot of speculation, they, this was done to net version of the other side by the doors called the day. [00:21:10] They said, see you on the other side and it could be it's coming. April. So not a ton of details, but later on, there was a, another leak. So I don't know what's going on at UGA labs or if these are intentional weeks, you'd think they would find a way, a better way to get these out there or something. [00:21:26] But there was another leak that had some of their slide deck alluding to, or not alluding saying that they want to build a metaverse. So I think. [00:21:33] we are seeing a Hugo lab metaverse on the way, and they are bringing other projects with them. Big. They want to play with other projects, not just their own sounds like they will integrate with with the projects they mentioned in there. [00:21:47] I would think as well as project. So with the bigger projects that maybe don't have IP restrictions. [00:21:55] Yeah, it's interesting. And of course a coin was announced as well. I think we're going to dedicate a whole episode to like understanding the power that you've allowed is now going to be building with eight coin. It initially dropped I think it was like March 18th, 17th, 18th, and it immediately shot from $8 to 16. [00:22:15] And now seems to be hovering at $13, but more shockingly is the market cap. And if I'm reading this number right, is 2.2 billion. And it's like the 60th coin on the overall list. So that's pretty impressive. My thought was that it was just going to pump and drop off a cliff so far that does not seem to be the case. [00:22:37] And our first sort of week of it. But we'll say I have I have not gone near it. [00:22:42] No, I haven't either, but yeah, I think you're right. We need to talk a lot more about this. There's a lot going on here and it's certainly had effects on a lot or just every part of the NFTA ecosystem at this point. [00:22:55] Yeah. You mentioned the X copy coming under fire for the one eighth. We included that link in the show notes, and I think that's an important note and also the final tally, cause it just closed 7,394. That means $22 million [00:23:13] Wow. I did not think that I would be off by that much by being under with my guests of 5,000. [00:23:20] the numbers [00:23:22] I did. Yeah, you could see, I was really just trying to help myself when [00:23:27] should have been 7,393, but now the inside scoop [00:23:32] the momentum was really shifted by my second purchase. There. [00:23:36] the big, extra move by rent. Hilarious. Alrighty. I think we can park it there unless you got anything else for us. [00:23:43] No, I think I'm good. I think we we've got more to talk about soon, but I think that's good for today. [00:23:48] All right. I'm going to go and keep refreshing my profile until my NFT shows up. This is always the, like the part that like, I'm like, oh, when does it show up? When does it show up? Am I sure it's going to show up? Cause I didn't see it on the blockchain because it happens. It's a pre-process, that's how they do. [00:23:59] And so smooth and gasoline, it's preprocessed and it doesn't show up right away. Now you're like, I'm pretty sure I did it. I got a confirmation. Right. Out [00:24:11] All right.  

Theme: Are recessions good for NFTs? NFT NewsRantum NFT Market Data,  Cryptoslam.io NFT Headlines: American Express Files Trademark Applications for Metaverse and NFT Logos - Decrypt  HSBC to become first global financial services provider to enter The Sandbox - NFT Culture | NFT & Crypto Artists Curating Ideas  Report: Premier League selects ConsenSys as first NFT partner and weighs Dapper Labs deal - SportsPro  Potential Metamask Airdrop » How to be eligible?  Transcript: [00:00:00] today on all about affordable and FTS. The question session is actually good for and FTS. Andrew, what do we say in the news? [00:00:08] Yeah, what are we seeing out here? We've got new companies, new, what I'd say traditional finance type of companies coming into the metaverse. We've seen lots of companies keep buying properties and filing different trademark. [00:00:21] Applications for metaverse usage and we've got this terrific last couple of days, you've got American express and HSBC, both announcing plans for the metaverse. I think it's just with trademark applications at this point for Amex. Although I believe that HSBC is actually going the 3d world route and acquiring some land rate in the sandbox. [00:00:44] So actually haven't noticed many financial. Institutions going towards the sandbox. It seems like decentral land has been the platform of choice for whatever reason for financial companies. But certainly I've seen a lot of activity with the sandbox. So interesting that HP SBC has chosen to go there. [00:01:00] Yeah, it's interesting. I was like, which one you're going to go with? I would say to central and far more established and more detailed graphics and user interface there. As far as that goes, in terms of being able to run around an actual metaverse, but people are moving to. [00:01:13] Yeah, and it seems like they are taking it the very literal metaverse way of being greedy world. [00:01:19] We'll see if that ends up being the way that a lot of people play with the metaverse or interact with these companies in the metaverse. But that is the way there they seem to be going at this point. In other news, we've got English, premier league. We've talked about them a little bit and how the bidding was getting crazy. [00:01:34] But the thing eventually went to consensus a big OT company in the NF or in the crypto space. They are the creators of Metta mask in FIRA an IPA or a API that runs a lot of NFT. Services behind the scenes and a number of other things, but it's a big company. So they are partnering with the premier league and it's a big money. [00:01:57] And he goes a three-year deal for ended up being, let's see almost $600 million. So we get a lot of money here and I would expect big things from this partnership. [00:02:07] Yeah. I think big sports, new audience, global market. I really like global market coming into it because. The more, you can also diverse away diversify away from just American buyer's needs. [00:02:19] There's less oh, here's this week happened to be good news from the executive order. Who knows what next week is. So the more you've got a global stability in the market, the better and healthier, I think you end up with as an NFT marketplace. [00:02:32] Yeah. And I see you've got one other item that you've just added to our list. [00:02:35] Your George, what do you guys are tasty? [00:02:38] One. There are whispers of a meta mask airdrop area. Again, being the stuff that gets handed to you because you are using a platform, holding an NFT or doing something that indicates that your wallet is in fact involved. And, mask is the probably number one safest smartest way to be interacting with your NFP is logging in and going between different websites like open seat and others. [00:03:03] They have confirmed that they are going to launch their own token. The rumor and now we'll do our best to keep track of it is that anyone has made a swap on the platform, may get an airdrop when they introduce their own token. So if you have not swapped on metal mask, maybe consider, especially when gas is low throwing some money between USBC and Ethereum. [00:03:25] Again, this is not financial advice because I'm talking about. Airdrops. [00:03:29] Yeah, that's a good point, but yeah, not a bad idea to go use the protocol, a big use meadow mass, and you'll make those transfers. They do take a bit higher percentage. They find you the best price when they're doing a swaps, but they do take a small percentage. [00:03:44] That's how they make money. So of course that's how. That's how you'll be eligible for the airdrop. I've heard some people are placed apparently posting jobs for people to just create wallets for them and use them like this. So there are many people preparing for this in the same way. But it's not a bad idea to go ahead and do that and make yourself eligible with this. [00:04:04] Yeah, for sure. Right there, hand stuff out. You might as well get a little bit, and also quick shout out to the ransom NFC market data. You've been doing some heavy lifting, I'll say on really gait, really great dune analytics dashboards looking at seven day 30 day 90 day looks at average trading volumes and across different platforms, including the theory and polygon and often ism. [00:04:30] There's some really great stuff. So by all means, find that in the show notes and take a look at some of these really cool dashboard. Yeah, we [00:04:37] don't quite actually don't have the polygon optimism quite yet. You sign up [00:04:41] there, [00:04:41] you click and click on it. Yeah. You'll get to sign up for when we've got that coming, but do you have some things in the works there? [00:04:48] So those are also available on dune analytics, which I use to create these dashboards. It's now on a site that will pull in some additional API for added data, still add in some more. Areas there that's a random X, Y, Z is the easy way to get there. And as George mentioned, we do have that in the notes as well. [00:05:06] Oh, that's awesome. So speaking of some of these analytics, I can't help, but note that chart goes down, numbers are going down, I think the question of recession. In the U S sense is in question, looking at fed rate hikes recently saying, how do we stave off inflation, but also avoid stagflation or a full recession by causing, the money tightening in the wrong ways. [00:05:33] And I think in a big picture, the way I look, I don't understand macro economics. I don't think there's anybody who really does. It's really complicated, but. Less money in the system, less discretionary spending probably leads to less investment in things that are probably not critical, such as NFT investing in playing around in general, right? [00:05:54] The looser, the wallets, the more free spending cash that people have, the more likely that something like a luxury good, which I'd qualify it and MTS would go up and then conversely, bad things happen if recession. So that's kinda like where we land, but I think there's actually. Upside to moments like this. [00:06:10] Yeah. Yeah, I think for one, we really don't know how a recession and the NFTs will go together. We haven't seen this and FTEs are young. We haven't seen them go through a recessionary market. You don't know if it's coming or not. We've seen certainly cold cycles in the crypto market. Yeah. [00:06:27] In those cases as we've mentioned, in our last episode, we had a good report from Nansen that discussed how NFTs have actually performed quite well as a hedge against crypto prices, or at least a theory of NFTs have so maybe we'll see that that same scenario play out. [00:06:46] That being said, I could see some prices taking. Quite a dive. If real discretionary spending starts getting I don't know, drawn back a bit. It could be tough to to hold on to all of these this JPEG. [00:06:58] Look, we have seen it, as you said, when, there was the big market pullback in result to the pandemic, Bitcoin dropped to 3000 eith was trading well under a thousand. And those were times where conviction was tested and had you bought in and understood wait a minute, this is something that's not going to go away. [00:07:16] I think. Recessions or times when uncertainty is shaken out of the market and people that are just don't have that type of thesis that wait a minute, this is something cultural. It's something that is going to have long-term staying power there's opportunities and better opportunities not to frame it. [00:07:34] Jump in and buy something that's wildly overpriced for where you are with height. It's actually a safer time to get in and test and to some of these projects, as opposed to, maybe where we were that was like red, hot back in, October with both the price of E and NFTs launching every single second. [00:07:53] It was just, it was really easy. I will say to this lose half a needs just because. Chose something that you're like, oh the rocket shit's going to take off. I need to jump in. And this is where the prices are. You just normalize these much higher numbers, much higher risk. And I would say on the plus side here that recessions or temporary pullbacks we'll be good to settle some of the like ridiculous projects. [00:08:15] I think that we're rising up and shake out the ones in focus, the ones. Have staying power that, that maybe you just. [00:08:22] Yeah, I think that's a good point. I think that's potentially how the market may react is really getting rid of the low quality projects and focusing more on, on the good projects. [00:08:33] And, as we've discussed a little bit in the. There's still a relatively small number of good solid NFT projects with reputable teams that you can really rely on. And, that's where people are going to find their way. I think if you've got to sell everything and, unfortunately some things, it gets tough because they, the liquidity dries up quickly in some of these projects. [00:08:54] But I think that will help to focus on the ones that are building that are doing new things. And it'll give them. I dunno some more time to do that. I think if this does happen versus what's happening right. Or has been happening in this past year, which was, you had to always be the loudest and shiniest object, you had to always be getting attention and that's not, that's not always great for the health of the project. [00:09:14] If that's what the team is busy doing and not necessarily building things that are going to have lasting value, I can go the wrong way. So I think there's some opportunity for the great projects to shine through here. And I think that. Know, I think that's what we need to look for and start looking at, which ones are going to handle this well, and which ones are more likely to maybe not even turn it run but just not be able to navigate the the next, whatever, months or years bring. [00:09:42] I also look at it as a time to kind of dollar cost average in two projects that I have conviction on that I believe in, or I believe in the team. And just so happens at this moment in time. They're just getting dumped on for instance right now Pegasi it's it's in game currency, visit. [00:10:01] Has dropped significant. It went from, hovering around, like it got up to 28, 20 1 cents to now it's at, 0.0, zero six. It's not looking great, but I still believe in like where they're driving and, I was actually looking at their the founding NFTE assets, which have just dropped considerably. [00:10:20] They haven't the last time they were this low, it was like around when they were getting like minted and original. So I think there's opportunities when. Recession overall, downmarkets pull down projects that maybe you have a personal conviction in to say oh, interesting. Now it's being tested, ironically, I think Zed actually was going through a much more downmarket when I was talking about in the fall, when everything else was going up, Zed was just getting crushed because of various reasons. And now it's actually on a, on an upswing, there are ways of looking at individual projects as micro economies because look, it's so small. [00:10:55] I think this is important. It's so small that even. A macro recession environment. The fact that only a handful of people from a percentage basis are holding NFTs and more people will be coming in. It may just simply overrun it anyway, it's, there's a leak [00:11:13] better. [00:11:13] The space and people are building Eden when it's quiet, I'd say maybe even, especially when it's quiet and that's not going away. These people have raised money to go and build these NFT products. There's going to be more products coming and, they may not all be great, but I think there's going to be some real winners here that will. [00:11:31] Bringing more people into the market we'll keep and tasting people to keep their money in NFTs, not go looking necessarily for, I think most people in NFTs or otherwise looking at other crypto assets and that may not also be, may not be most people's expertise or interests, especially if they came in through NFTs. [00:11:49] So I don't know that this market is just going to go away because maybe the prices go down a bit. I think it's going to take a, I think the, it could shift a lot of. And that we're not, you personally, I'm going to see every project be able to just mint out right away. I didn't say prices. And as he said, that could be, it could be a healthy thing for this market. [00:12:07] All right. That's where we got a little silver lining on what we're seeing in the overall potential recession, but positive things to look forward to. And Hey, on the upside, looks like Keith is. It's trending up, but it depends on what hour you're looking at. [00:12:21] That's right. We don't know what day or hour, [00:12:23] we don't know when you're listening to this, but Ethan is probably, hopefully [00:12:26] let's just tell you it eats up. [00:12:27] Okay. From at some point. [00:12:29] Alright, thanks.  

Theme: What if… I had one month to spend 5ETH & couldn't sell any NFTs I bought for 3 years? Affordable project: Avastars -  Avastars - Collection | OpenSea  Select Prime and Series 1: https://opensea.io/collection/avastar?search[sortBy]=PRICE&search[sortAscending]=true&search[numericTraits][0][name]=series&search[numericTraits][0][ranges][0][max]=1&search[numericTraits][0][ranges][0][min]=0&search[stringTraits][0][name]=wave&search[stringTraits][0][values][0]=prime NFT News Rantum NFT Market Data,  Cryptoslam.io NFTs dominate Austin's SXSW Pixar NFT drop sells out on VeVe shortly after launch Ethereum NFT Sales Are Inversely Correlated to Crypto Market: Nansen - Decrypt  NFTs Have Taken Over March Madness  Transcript: [00:00:00] Today on all about affordable and FTS, we're doing a little, what if game? What if you had five Ethereum, one month to buy NFTs and you had to hold them for at least three years. So you had to hold all three years for NFTs that you bought this month. It's just a fun thought experiment to see what we come up with. [00:00:20] But first, Andrew, what are you seeing?  [00:00:22] Yeah. What do we see now here? Let's see. So we've got March madness just started as we're recording this and we've got all sorts of NFT drops around this. I've been surprised by the number of NFT drops here. And if NFTU was the first one that I heard about, and then there was a let's see, another one from draft Kings. [00:00:43] But they've been quite popular. They both sold out the draft Kings one. It was a draft Kings. I believe it was their first direct and NFT collection that they, they had. Created before they had just hosted them on their own marketplace. That was 12,000 pieces. The an NFTU from recur was let's see almost nearly 18,000 and FTS there they've been popular and selling on secondary as well. [00:01:08] So I'm surprised that it has been as popular to is took me by surprise here. Anyway. I expected a lot during the Superbowl. Didn't really think about how much it may come into play with the NCAA tournament here. And I think. It's interesting for a couple of reasons that this will have exposure for a whole month here, essentially as the tournament spans multiple weeks. [00:01:30] And the other part is that we have the, we do have, the players could potentially start using NFTs as a way to. To cash in on their likeness, which has not been possible for the most part in NCAA history. It's interesting that those are coming at the same time. So watching that kind of closely over the next month to see how much, how much their exposure NFTs get during the during media publication of the events and how much the uh, uh, the market responds to to these NFTs. [00:02:01] How much do you think is dapper labs? Again, the folks behind NBA top shot and also now the the new NFL all day behind any.  [00:02:09] No, I haven't heard their name as being directly tied to any of this, I don't know if there's. Who knows the reasons that maybe you would think they would be there, but I don't know if there's maybe an MBA issue with NCAA or I, that's a, that's outside of my knowledge, but I haven't seen their name come up in any of this NCAA NFT talk. [00:02:28] Yeah, it says N F T U largest unified collegiate sports, digital collectible NFD marketplace. Okay. Not going to be on my buyers list, but I think it may help people jump onto it. And if you're able to bring in some of the sports audience, you've seen a lot of success from dapper. Good luck. [00:02:44] Yeah, absolutely. It's not on my list either, but I am I am interested in the news of this or of these collections. [00:02:50] Okay. We have the Pixar drop, so I love Pixar and we've heard Disney getting into the NFT world. So what is this Pixar NFT drop sells out on the.  [00:03:03] I never actually said that out loud. I think it's V the BV platform. So yeah, drop, they had a number of different, our picks picks our characters from their various movies available as NFTs, and it was popular. Not surprising that Disney has found their way to this and is using their IP. I think we've discussed this in the past when we heard some rumors of them getting into this, that they'd have amazing intellectual property rights to all of their characters, all their movies to. [00:03:30] Using NFTs and they have started doing this already. And it it sold out quickly. I had seen news of it and was actually somewhat interested and it sold out before I had a chance to to be able to admit it. And I haven't looked at it closely since then, but it has, I know that they had a decent amount of volume and let's see, it was almost 55,000 pieces. [00:03:51] Yeah, total volumes 3.3 million. It starts type saying.  [00:03:55] It's an impressive amount and I'm sure we'll see a lot more from Disney as they are pretty good at this startup sort of thing. [00:04:02] Yeah, I've heard they're decent at branding as far as yeah. Something to check out. Yeah, a lot. I don't know about that. Big players in there. And especially if they're doing it the right. way, we've seen also big players do it wrong, with I would say last year tops, I was like my biggest like heartbreak. [00:04:17] So the question is it a money grab or is it a brand building established play? So we'll wait And see there, but Hey, maybe it ends up on the affordable list. Probably not at those prices. Okay.  [00:04:29] lastly, we've got a report here and just to report and a lot of people have talked about how NFTs are. Inversely related to crypto prices. We've talked about it a bit. When crypto prices don't do well and FTE prices tend to do better. And the thought is that you're spending less us dollars for the same NFTE. [00:04:49] Doesn't seem to hold as true as the prices also do well during a NFE bull runs for the most part. And there's some news or report from Nansen a an FTE analytics company that has that they put some numbers behind this. So there's a very negative correlation between the two. So it's a interesting report here to jump a chance to dig into this George. [00:05:11] So it was interesting when they're building up this NFT 500 similar to an S and P 500 or the blue chip index. So they're putting this index and pairing it against saying, how does this perform against prices? When Eve goes down, how does this index go up? Because it's hard to say NFTs as a whole. [00:05:28] So they're basketing this top group and showing how it shows strength. When in fact may maybe going down. It is giving me hope that during a, down a down cycle, which is where we are, I think Right. now that actually. Still makes sense to be shopping for or potential NFTs are the keep in mind, the historical window that we get to look at something like this is remarkably short, especially hilariously comparing it with something like the S and P, which is, standard and Poor's history of the stock market, as opposed to history of when we were putting digital images on the internet. [00:06:03] Yeah, but the history, and I think there's a few more regulations involved with going public and trading on the sec regulated market versus minting a new collection and being one of the top 500 at this point. Doesn't exactly sound Bluechip. I think that may need to. They need to be reduced somewhat. [00:06:22] I didn't read that it was 500. I did read they're basketing these in different indexes. I think it is. I think as we see the market mature, we will see different index products, even if they're just for tracking and tracking the health of the market. And we'll see them come together that look at NFPS in more nuanced categories, such as maybe 3d worlds or PFP projects and get a little bit more nuanced than just saying these are the top 500, I think for awhile, we probably should be hesitant to say that there's really 500 quality and FTE projects out there. [00:06:54] Yeah, that's fair. All right. Should we move into our affordable.  [00:06:57] Yeah, here we go. What do you got for us today, George? You get another one?  [00:07:02] I look, I fell bad again. I apologize already last episode. [00:07:07] for last week, I felt like I didn't bring the as awesome as I could have. And here it is, this is the killer one. So this is looking at a project called add a star Ava stars. And it's our creator is someone like Jimmy dot E I believe it is, but at a very well-known collector, throwing back to it was established in February of 2020, and it is all on chain generative characters. [00:07:34] And it was, I would say second to auto glyphs for full on chain art, according to my rough NFT history, and also a sort of collective agreed history of this. Along that same time was also chain faces a project that we called out a little while back, but avatars is all on chain. These images that are, they look like a profile pic and they have various designs and formats and layouts. [00:08:03] And currently I will say the floor of this is that 0.1, one, five, which I think is remarkably low for a project like this. I will say that. The project also now has the ability to mint replicas. So when you go in, make sure that you're looking at and finding originals, and as best I can tell you can find that in the in the filters of course, but the replicas. [00:08:30] the wave attribute I believe is what you're looking for. There. A prime and replicant. [00:08:35] there it is. Yeah. So the primes are 25. Thank you, Andrew. There are 25,000 primes and only 326 replicants. And again, the ability to recreate new ones so that you can merge and mix traits is paired. As long as you buy an art token, art tokens are currently around 50 bucks. So I think there's one. Interesting history here. And it's just, I feel like it's just getting overlooked because of all of the new hotness running around. Andrew, what do you see on this project? You actually, you're old enough to have actually mentored this back in the day. [00:09:10] So I had one yet, so they've got different series of these. And I had one, I believe, or I had a couple from one of the later series. I didn't have one from the earliest series. As I look at these now looking the gen zero series, there's only 200 of those. Those are the hefty floor price of 19.5 E whereas all the others are much more reasonable. [00:09:32] The the gen one or the series ones looks like they start at a 0.1, two, five. So I think it would be interesting to look, know, if we're looking at some of the historic value, I think it'd be just going to look at the release dates of those. I am sure the is that again, zeroes are actually the oldest pulling up. [00:09:50] One now. So the gen ones was still like this pier was actually. To Jimmy, the creator on May 12th, 2020. So that's actually pretty interesting that is sitting at the floor right now of the gen ones. That's a pretty old piece and has some historic value. Also consider when looking at this as just the various rarities of the attributes. [00:10:13] When I, so when I invented one of these, there were how it worked was you could create your character using picking various hair attributes or skin. No, Tats different things like this, but then at different times they would take a selection of the of these different choices away. Throughout the minting, they would reduce the numbers. [00:10:36] So some of these become more rare both by the fact that they aren't available at a certain point and some are chosen by the people that do them. So it's worth looking at those, I think. Cool project still. It's a relatively, somewhat large collection at 25,000, but I certainly wouldn't say that is a reason not to to look at it. [00:10:55] We've seen very large collections go achieve quite high for prices. Not a reason to stay away. Definitely interesting project here. And I think it's a good reminder to look at this one. I, I've realized I actually do hold one of these in my wallet right now, as I look at this I had one yeah, I had sold some, but I do have one in there. [00:11:13] I may look at, they look to pick another up here, George. [00:11:16] So here's how you can tell us a good project. I brought this to the table and I think, I may have convinced you to go buy another one. [00:11:23] Absolutely. I  [00:11:24] good project. Yes,  [00:11:26] really interested when you  [00:11:27] also full disclosure. I may have just bought a man bun, a gen one, man bun.  [00:11:32] did you do it as live on air as we're  [00:11:35] I did it live on air gen one minute. Gas was too low for meeting with. [00:11:38] Ignore it. And also it's man been only 1%, 1% of man bonds. So there you go. Full disclosure.  [00:11:45] I'll let you know listeners, when he matches his avatar. I assume he's going that way soon.  [00:11:51] I don't think I can do it. But this is, so this is exactly. If we're going to tie into the theme here on the smooth transition, what would you buy right now? If you had five E and couldn't sell anything for three years, right? Those two things are unique. One of the guardrails here is five eight. Yes. [00:12:10] This is well beyond our normal affordable project. But the guard rail there is saying like, all right, you're going to put a sizable bet. Would you buy all into one thing or would you spread it out? And then if you have the mindset of holding for three years, what does the market look like? [00:12:24] And in some ways it takes the. This FOMO, panic of oh my gosh, this thing just ripped and dumped. I got to get in on it. Do you really think it's going to last three years from now? And it just puts a different lens on it. So I will kick off our debates saying, I, I brought out a Starz because it is an old stablish collection, at the prices run up way, way back in the day, but know. [00:12:46] It's been mostly drama, but I think when a larger community looks at the historical context of NFTs, this has a place in it.  [00:12:52] Yeah, I agree. I think this holds a place. I think it also has a respected creator. Very likely to stick around the industry and not not be out of the picture in three years. I think that's an important thing. We've talked about this recently and our, just our most recent episode about the role of the creator in establishing value. [00:13:11] And you've really got to start thinking. Who are the creators that will stick with this, with the teams that will grow and continue to work on their projects for three years. And that's not easy to say at this point, because most of these projects are well under a year old avatars. We've got something different here that is, we're actually looking at something that's two years old here. [00:13:31] And, I know that's not a lot, but it's a lot more than what most teams have at this point. [00:13:35] Yeah. So in my basket, I would say I would be looking for projects. That are like this. And I don't have, like this full list, but I want something that was minted in 2020 or 2019. And maybe I would shop, I would put say or two weeks toward just shopping on like a looks rare or something like that to be like, All right. Let me find artists that have a cohesive collection that have been doing the work and trying to pick up. Varieties of art. Obviously you're not buying the next copy, but that's not to say you can't find some glitch art potentially in some early works like that. So I would consider pieces like that, that just have art with the capital, a types of appeal and an age to them because I get nervous. [00:14:23] I would get nervous. If anything, if I'm buying and holding for three years, I get nervous of anything that was like minted with. Hysteria where like the last four or five months I think it's just a different atmosphere. And if I'm going to hold something through three months, I better know that. [00:14:37] Like for instance, that the other episode I talked about calling up human park and I know that the virtual human studios is behind Zed run and they're funded and that that's a studio that's going to be around for awhile. that's interesting. Although I wouldn't throw out there. So what, w where would you throw a bucket of your five five-year magical investment? [00:14:55] All right. Yeah. So I think this is a, it's an initially question, what's going to stick around we've talked about. One project that I, that is historic in the past and we've mentioned it. And I think Boone cats is one that I would still put some in. And I think there are some concerns about how active they'll be. [00:15:11] But I also think that, if assuming things continue to. That the NFD marketplace continues to be active, that the team will be around that they do have plans to be on Coinbase. And I think that is good that the team will be around that long. And that it's a historic project. Going back to 2017 I don't have to look at the floor price of that recently, but I believe that's around half an ear. [00:15:33] Could do that well on, and still have a lot to play with and get some historic value there. I like the avatars play as a another I don't know, maybe one of the earliest PFPs that isn't, isn't punks and certainly had a lot. Customizability than almost any project that we still see now. [00:15:51] So I liked that play a lot there. Again, I think the historic value is I don't know, it's important to look at, and, but we also need to start thinking like, are there teams now that are going to be supplanting these more historic teams, as we've seen with UGA versus larva and I think that's a, that's a tougher question. [00:16:08] To answer right off the bat. What's your thought on that, George? [00:16:12] I think. Looking at a scan. If I just scan what is on the top crypto slam top traded top volume. I take a look at that and I'm like here's a perfect list of exactly what I would not be throwing money at right now, because one it's just not affordable. With, if we're talking about an ape or a immediate, like maybe you could grab a meet at four for that right now, but I absolutely would not do that. [00:16:34] Because again, when I put that guard rail of five feet, I wouldn't want to put it all in one big purchase and then hold it for three years. I'd much rather see it spread across a few bets one or two of which could go to a larger return and spread out. [00:16:50] And then, remember the conversations about reputation and what might happen there. I've seen. Other works, I think I'd want, I want to get into some generative pieces. And I know you're the expert really on, on a lot of those those generated pieces, but, I know we're both collectors of pod Gans. [00:17:08] And I think some of those are interesting and I I would want to dig in to say like, all right, what's the generative plan. I can't afford a squiggle. I know you got squigglies for days. But what is the the affordable play of it's clear that in this moment of time, right? [00:17:21] Three years from now in this moment of time. Oh my gosh. People went absolutely nuts for generative artwork. So how do you fill out part of that in important?  [00:17:31] That's a good question. I was thinking about that and it's, like you said, I do have some squiggles and I look at that as a somewhat being a safe Safe play in generative art. Yes. Expensive. But I I. Tended to go there because it wasn't quite as susceptible to the, how the market is reacting. [00:17:48] It was the first art blocks project that really led the way for a lot of these. And, again, I looked at the historic value there. So I think it's, trying to look at some of that, what has changed things, pod Gans, I don't know if it definitely changed things, but it certainly was the, it helped establish that new. [00:18:02] That new platform for AI generated art, China. So I think trying to look at look at the pieces or look at artists that have been transformative. We've talked about a an affordable project from Dimitri cherniak in the past, I think in general, trying to look at some of those artists. [00:18:20] Like Casey Reyes who's another, just very influential generative artist who maybe is somewhat overlooked in NFTs at this point. That could be an interesting one that I know that he has some pieces out there that are fairly affordable at this point. And. I don't know, certainly seems like he's interested in sticking around, has done a number of projects and is working on a lot of new projects with art blocks and bright moments teams that I've worked with a bit. [00:18:44] Some other artists that I tend to think of Tyler Hobbs. I would just keep an eye out for things that he's connected to. He does a lot with the feral file. I'm sorry. That's I, you know what I have that mixed up that is Casey Rio's that does something with federal file, I believe. I think that's an interesting platform to look at as something that's been somewhat overlooked but does generative art. [00:19:05] And another thing that we've talked about in the past is looking at non theory based NFTs. And I think. The worth putting some into a platform like Tezos we haven't gone into it a lot. There are certainly plenty of different platforms to go and do, but Tezos is one of the earlier ones and there has been a lot of generative art there. [00:19:26] A lot of just art in general, I would say. I think so that's a, it's a tough one to filter through. We've started to look at it a bit and it's a little overwhelming. I have some pieces there from when it was a lot newer and there was a lot less there. It was a lot easier to just navigate that world. [00:19:41] I haven't spent a lot of time that recently, but I think it may be interesting because there's a chance that there's. Some other, some additional historic value added to those pieces. I don't know enough of about other chains at this point. Such as avalanche or over. Phantom any those too, to know what the NFT world is really like there. [00:20:01] I would stay in with Ethereum for the most part, but perhaps put a little bit into other chains to just play that potential that they end up, that those chains just end up being popular in the end. [00:20:11] Yeah. If we're talking on Teslas, the only one that caught my eye, I did a little bit of a dive on object.com. That's O B J. A t.com, which is like the open sea, for for the Tezos and market is Tizzard's, which seems to be. Randomly generated little lizard Tizard things. And it seems to be the G project as far as that can go on that platform. [00:20:34] So that might be my play there. I'll do more digging to decide if it's like affordable makes sense for a project to feature. But I would throw a dart at that maybe and part of that portfolio, because again, if it's been around this long, it holds a place it's ridiculous for its own. It could have value again in three years. Cause what we're doing is walking this in a box and not touching it for three years, which just forces you to think a little bit differently about it. Notably absent. I was thinking about this notably absent from my basket would be game NFTs, simply because with games I'm very bullish this year on that, but they take so much careful monitoring. And management that I wouldn't necessarily trust that it would make sense to hold it for three years, as opposed to have some sort of unique opportunity to do something weird with it. Flip it, breed it, whatever it, and so I, we get nervous putting games in, into this basket that said this is a bit of a cheat, but I have been thinking about how important. How important. I think that dapper labs is going to be in the next three years of onboarding people and specifically their flow token, I think gets overlooked. Now it's not an NFT play, I'm thinking about how. It is a backdoor into saying like, all right, I'm not gonna collect NBA top shot or the, maybe NFL, I'll take a look at it, but it could be a backdoor at the same. [00:21:55] How do I make a bet on that platform as a whole? I'm an NFT way looking at flow token, but That's a little bit of a cheat.  [00:22:03] yeah, that might be a little bit G I wouldn't actually rule out as an MBA top shot. I don't have much, but I do have some, a couple from season one. And again, somewhat of a historic thing helped usher in a lot of people to NFTs and. Debra labs going away anytime soon. I don't think, I don't know what the price is. [00:22:21] There are a lot of like right now, I'm sure there are values to be had with certain players, certainly that you could put some towards that with the five, eight under the five eith allocation. And feel like he's still got a lot to play with otherwise, but I think that might be interesting again. [00:22:36] To get out of necessarily just going with Ethereum based NFTs. And I think that is a question that we'd have, that you really have to look at when you're saying buy and hold for three years. What do you think of the chain that it's on is that network going to continue to hold value or to rise in value and are the pieces that are minted on it, going to hold that value or, are they gonna be valued in. [00:22:56] USD. And, if the Arrium, I shouldn't mention the report that we talked about earlier was talking about a theory based NFTs and they made that very specific. They didn't, they're saying that. The value of the NFTs that are held in a theory, them were held a value better than crypto tokens over that time period that they looked at. [00:23:16] So it's, it is interesting that you've got to take into account the value of the tokens that the the NFT is actually transacted in. And we've talked about that a bit in the past. I think, when you're thinking about this, how much are you taking that into account? Do you think of Ethereum is going to continue to hold that. [00:23:31] I think if I'm putting out all of the horses in the race, absolutely. This year, we're going to see the improvements to proof of stake over proof of work in the merge and Ethereum as a platform, if you look at it with regards to a PE ratio, it's actually being used, burned and utilized a lot more than any other token. [00:23:53] And in our current drop a lot of tokens have taken a haircut. Eve is still, hanging in into the mid, 2,500 to 3000 range. And it's still, half off, a high, as opposed to 90% off of a high, it is a strong platform to, to bet on all ready on a risky asset. [00:24:10] And yeah, I think that is why we've brought up that. [00:24:12] article and I like this basket, I think this basket would potentially do. It's risky. And we're talking about, buying images and find images on the internet. But I think having that lens, especially during right now and during recession shopping, we're where things are down to have that mindset of like, all right, there are, there is value out here and there's not a lot of customers running around, buying up stuff. Where's that value instead of. Trying to contemplate whether or not you should, ape into Abe token, which I have already warned, I believe will go down because of money versus go and find a project it's just straight up overlooked, but has long-term potential value.  [00:24:48] Yeah, I like that play. I think going small, with a lot of these different projects is the way to go here. It's really difficult to pick one that is definitely going to work out in three years, especially at that five eighth level. I think, at any level, I should say I don't think that I could say with a hundred percent, or I can't say with a hundred percent certain that any of these will be around in three years. [00:25:09] So it's better to take a number of risks here and try multiple things. And I think there's a lot of value to be had in the market right now, if you can sift through things and come up with the projects that are being overlooked, it's not necessarily the easiest thing, but I think we've had a few good ideas here. [00:25:24] And I think that they can also, by looking at some of these. It's leads you to others. If you start looking at things that are admitted at a certain time, you can start finding other wallets. It may have been active at that time and what else it may have been doing. It takes some digging, but I think, if you had a month to do it, and this is the way that I would start going about it. [00:25:40] All right. I say we wrap it on there. It was a fun. What if keep it in the back of your mind? What if you had to hold whatever you were buying for three years and it. [00:25:46] may change how you are making that next purchase. Andrew, thanks so much for the advice and thoughts on.  [00:25:53] All right. Good talking, George.     

Theme: Does the creator reputation impact the price? Larva labs reputation - the first move by Yuga was to give license rights Punk Comics how they fell with Beanie - Crypto & NFT Influencers Are Eating Their Own  $MIM dropped with Sifu Affordable project: Human Park  NFT News Rantum NFT Market Data,  Cryptoslam.io NFT Headlines:  Why Larva Labs Sold the CryptoPunks NFT IP to the Bored Ape Creators - Decrypt  Coinbase Wallet adds support for Solana Coinbase NFT Marketplace To Launch “Soon” Links Clues Hint at Spotify NFT as More Players Push Metaverse Plays  NFTs Are Coming to Instagram Says Mark Zuckerberg - Decrypt   Transcript: [00:00:00] Today on all about affordable NFTs. We're talking about whether or not the creator's reputation dictates the value of the NFT. I'm excited to get into that theme, but first, Andrew, what are we seeing in the news? [00:00:13] Hey, George. And NFTs again yet we are seeing what we see volume trending downward over all, but it is starting to pick up a bit. I noticed on a weekly basis. So seeing it pick up a bit, and I think that's been a lot to do with board apes, recently, board apes Mutant apes, the board. [00:00:32] Is it the board kennel? Sorry, board Abe kennel club. The three projects. Taking a lot of volume recently, there was anticipation of a big drop or drop of a new token, the ape token from the board a creator's you, the labs that has now dropped, and we've definitely seen a ton of volume there. So I think that's been part of, what's been picking up the volume, but I think that's also a spurred some activity away from those projects, as well as, some people are selling and help a lot more ease than they had, especially if they've been long-term holders. [00:01:04] That's interesting because you're looking at an overall market past seven days, ish, up 20, 25%. But the interesting thing it's I'm not holding back. Abe anything. And so I see all this activity, I'm like, nice, but so what, it's not helping the long tail, the market, which still feels a little chilly to me. [00:01:20] But what you're saying is when some of that profit taking occurs, it actually can lead to smoothing out in the market and money chasing up. What's the next aid. What's the next piece that people may be jumping in.  [00:01:31] Yeah, I think so. Anyway, I've seen some bigger sales know. Some notable collections some bigger sales and squiggles. Some punks have certainly rallied on news that we haven't gotten to this yet, but the news that UGA labs has actually purchased the IP to them. That's improve the price. [00:01:48] There need bits as well from larva labs and I've seen some big artists like X copy getting some big sales. So I think there is some some sort of distribution going on. As board apes have certainly had the top price. You're not being said after the token dropped the price, the floor price would drop quite a bit. [00:02:06] I think it had reached over a hundred. Before the airdrop and then dropped to, I don't know, maybe in the eighties after that. I also wouldn't say that's really much of a loss if you did get the airdrop I don't know what it was worth, but I I think it was a pretty hefty sum for anyone that was holding an actual board, a. [00:02:23] Yeah. And you're talking about that news of larva labs, literally getting bought by you, the labs our Villa. The famous creators of punks and also me bits. And you go the upstart from last year, the creators of board apes and all of the derivatives inside of that, literally just bought it up. [00:02:41] Yeah.  [00:02:42] I would've never predicted  [00:02:43] Than the price flipping. This is really a passing of the  [00:02:47] it's not a flipping. It's a binding.  [00:02:49] Yeah. And I don't know that it's really passing the torch. I think, as we'll discuss verbal labs had not necessarily handled a lot of different issues the best and you iLabs has certainly Written this wave quite well to a, they've got a great reputation. [00:03:04] They are commanding a hefty price. Their valuation has skyrocketed. And they've used that to go ahead and just buy the IP, but this, and, I think it has, as I said the price of both punks and B bits have gone up quite a bit on the news of this. So that's saying something that just because it came out of the creator's hands, the price improves. [00:03:25] Yeah, we'll definitely be able to dig into that a bit. And we have some other news from the Coinbase NFT marketplace to wait for it launch exactly on Soon.  [00:03:36] Soon. That's what we get. Oh, come on. I thought we had real news here, George. [00:03:41] as bad as the people with as click baity title saying.  [00:03:45] So actually we do have some Coinbase news. They are adding support for Solana Coinbase wallet does adding support for Solano, which I think is actually fairly notable Solano hasn't hasn't always been. Fully embraced by a lot of the crypto community, but I think this will obviously give a lot more people access to it, to use it in on marketplaces. [00:04:07] The FTX NFT marketplace has been very active in this will make it easier for the people that hold Coinbase funds to go use them on FTX and Solano. [00:04:16] Yeah, I, more the merrier and especially on a platform like Coinbase, which makes it easy to move money back and forth and across that's all well and good. And they'll just increase the size of the market. Hopefully we also have in here a little Spotify informations and that they may be getting into a metaverse play. [00:04:37] What is that?  [00:04:37] Yeah, that's a good question. It sounds like it's been a lot, or there's been a lot of NFT talk at south by Southwest. And Zuckerberg took took the stage at one point and mentioned that NFTs are coming soon to Instagram. We don't have a date, but it sounds like they will be able to, or they're going to offer you a minting option. [00:04:55] So it will be a. Real NFT marketplace of sorts. Sounds like they're going to call them digital collectibles. I think that's a good move to get away from the NFT name. It's it doesn't have the best reputation as is, and it isn't the easiest to say necessarily. [00:05:10] Yeah. [00:05:11] I think rebranding, it might as well call it whatever you want. If it's on chain and we can. Transfer it and buy it and sell it. And it gets more people playing with the medium. That's awesome. Now, call it hats on cats for all I care, but I like the Spotify getting into it. Cause that's that music angle that we've been seeing more and more of and helping artists hopefully monetize more effectively their work like this. [00:05:35] And  [00:05:36] I'm sorry, did you actually mention the Spotify news? And I talked about Instagram being there. I think that's what I may have just done. And anyway, they're both getting into it, but I think the Spotify it'll be interesting to see how they actually use NFTs. I noticed recently that somewhat related news move Snoop dog took down a few of the death row records from streaming services like Spotify. [00:06:01] And there was news recently to get Botts death row records and is planning to attorney turn it into a metaverse record label. We'll see how that plays out. But Spotify is also seeing that maybe they need to make some moves before creators want to just take it on themselves to do it and not give it to a platform like Spotify. [00:06:17] That's very interesting. I hadn't thought of that. Yeah, I think he was able to turn out a tiny profit of a hundred Ethan sales based on one of the recent record album drops that he had. People are taking note and that means people have to move very fast. I think that is a definite takeaway here. [00:06:34] One of the reasons we are seeing south by Southwest, a very arguably most popular trend setting technology and innovation, marketing and music film, also conference that happens in Austin, Texas every year, being dominated by an FTS is the fact that with this new tech consider for a moment what if, Microsoft suddenly was appended by a company that just started making computers last year. [00:06:58] Think about the fact that you go labs didn't exist and where you had the incumbent larva labs already operating since 2017 had a, a huge advantage and relatively speaking within short order of 12 months, less than that, boom you're purchased. This is a weird. It's very exciting. It's very interesting. [00:07:16] Should we move into, to the affordable project though? Andrew? [00:07:18] Yeah, it sounds like you've got one here for us today, George. [00:07:21] So I've been feeling a little guilty. I was down last week, just in general, my portfolio. I just felt like I wasn't bringing the heat. So I have done some digging and I think we've got some gems this week, but I'm to, I'm going hit it hard right off the bat with human. Human park.io is something I've been watching for a little bit. [00:07:41] It's coming out of the, our friends that Zed at Zed run. As I'm a avid collector and it basically, they are a docs team. It's virtually human studios that has created it. Human. As by their description in the white paper, where everyone can truly explore their identity, human park, easy next gen web three experience platform combines community construction of the metaverse could become an explore the very next level of human interaction. [00:08:09] Basically they've got these nudes spelled N O D nudes, and it is a sort of full 3d figure that lets you explore. Cool your identity. Each one is like a blank canvas. And so the mint is coming now. There've been doing it in various ways, but there'll be opening up to the public. The mint fee is said to be essentially just the cost of minting. [00:08:32] Based on what I've read online the original news will be originals and I'll carry that title. And it seems as though they're going to be true avatars for exploring a space. Now there is. Tech that you download an actual application and I've gone through this process, download the application, and then you can literally just throw up a whole bunch of decorative tattoos on this very realistic looking and breathing nude. [00:08:57] And it can be either a type a or type B, but it's an, it's a male archetype or female. Image, and it's very impressive tech. I would say I played with the pixel Mon. It is the exact opposite of what pixel minded people in terms of does the thing work. And so it's interesting and there is a lot of work that's gone into it and they've been clearly. [00:09:18] Doing a lot of work on it. It's a little weird when you look at it at first. Cause it's like faceless avatars that move around and you can begin to see what they're starting to do. A, what do you see on this one, Andrew?  [00:09:29] Yeah. So I'm actually trying to download the configure what they call the configurator right now, or I am downloading it and playing with it. I have been following this for a bit. I hadn't had a chance to actually try the the download here. I see it is available for both PCs and apple machines right off the bat. [00:09:48] So I think that is a plus And as you mentioned, we were talking about this a little bit just before we started recording gear. And you mentioned that the graphics are. They're really good. It's a lot of details. So it's a, it's interesting when you're creating these that you'd see a lot of detail here. [00:10:03] I'm opening this up now. So I, the discord seems like they've been very active there. They have, they post updates often. Maybe they get too many of them, but I see that they're very active in, they're definitely working on this. It sounds like the. The mint, there's a good opportunity to actually mint when they become available and, and I think that's one of the good things about the market right now is that it's a little bit quieter. [00:10:24] You don't have to to necessarily pay ridiculous gas fees to look, once in a while, they'll still be things catching on like that. So we don't know. We have an actual date on the the mid yet George. [00:10:34] It's a good question. I think they extended it. Certainly next week, it looks like. And because one of the things is after you've designed your your nude it locks in at a certain point, cause it's connected with your wallet. So careful as you're designing. And I don't want you to get locked in with something you don't like. [00:10:50] Again, it's related, it's the same project inside of the human studios that Zed is associated with. And. It's going, it's very early and this is a team that builds for the longterm. So it gives me a little bit of comfort in that, like it's not one and done. And if they if the probability of a rug bull is very low because of its association with such an established project and the exact vacs team, and it's not entirely clear how these things are going to use, but they have plans and they have some really cool looking texts. [00:11:19] So who knows there's going to be. Blended experience. They talk about like battle Royale and free roaming and like roadblocks and Minecraft esque type of activities. So there's a lot out there. And it's super early and I like bringing things that are early and fordable so take a look and we'll continue to share ideas and what's happening. [00:11:39] But again, not financial advice, I'm talking about new data guitars in the metaverse. Catch it with all due financial information and respect as possible.  [00:11:47] All right. Thank you for bringing that one. George. I think we can move on to our topic today does create a reputation dictate value, and we have. Hinted at the topic a bit, discussed it a little in relation to UGA labs and larva labs and how their reputations have certainly gone different ways this past year. [00:12:08] And it's it's really resulted in a big win for you. The labs. What's your take on this overall George. [00:12:15] It really struck me because I saw it once saw twice or three times where in the news, there was a story of a founder or a team doing something that pissed off the community because it violated. The sense of justice, right? Humans are a justice oriented social creature, and we can see this, find this and track this quite easily on the blockchain, which just means if you screw over somebody in the community, if you screw over a past project, screw a past, partner, if you do something that just violates our social sense of right and wrong, there is this. Immutable inevitable human reactions, social reaction, community response of punishment. It's like in our hard wiring. And I just was in all watching that certainly w how angry I was with larva labs. I don't know no punk. I don't, I used to own a need it, but, obviously I sold way too early on that. [00:13:13] And I was pissed. I was pissed that day over at larva labs sold an O G thing just as a money grab. And, we covered that in the past episode, in it started to you realize potentially undo the brand value and drop the potential equity of people that are holding it. Despite the fact that they were literally the, the original enters the creators of Ponce, like all you had to do is sit there and not, don't be eating. [00:13:40] And somehow I think that really, we have some other stories in here, but yes, the answer to the theme is yes. Does the creator reputation dictate value? Absolutely. that's where my head's at on this.  [00:13:51] I agree. And I think we've talked about. In different ways in the past, we've talked some about how your NFTs and really your enough key, because it can be changed by the creators or the project developers at any point. And that is true for a lot of NFTs and there is something to you've gotta be able to trust that team. [00:14:08] That's leading the project. And if. I trust them to lead the project, those things, aren't going to be worth that much anyway, and so we've seen, I think in relation to that, even we've seen larva labs put their punks on chain and that didn't do much for the price. I don't think that is as important as a lot of people make it out to be it's important, but it's not the be all end all. [00:14:31] I don't think that. I think it would be at a bigger risk if all of the punk images somehow are gone even from IPFS. And are we even everywhere that they are backed up? I think there's probably a bigger issue than whether it's on chain or not. Punks are certainly one of the ones that you would think would have the most security in terms of there being image or records of these images. [00:14:53] So I think we're always at risk of. Of what the project creator, the really dictating the value of the project. [00:15:01] Yeah. And then the other thing you saw the UGA labs team doing immediately. Was giving, I guess it's the licensing rights, the creative rights to the owners of punks for the images, the NFTs that they hold, they had just immediately did it overnight, as soon as they grabbed it, which again is another big signal to the community that like, this is the right way to play.  [00:15:22] Yeah, it seems like that is holding a lot of value, right? I think you can be, it can be debated how much value that has when there are, 10,000 copies of that, but people want it. And the thing is the creators still have rights to plenty of images assuming they hold pieces from this. So I think that's a really smart move. [00:15:39] It seemed to be something. Drawing a lot of controversy, some from some of the big punk holders that, notably sold because of the IP issues and, there's really no reason. Those were some of the biggest supporters, the people that were on social media, talking the most about punks that sometimes, and they certainly helped increase the exposure and the value of punks. [00:15:59] So to not just give them what they were saying is this, the standard in. What should be the standard and NFTs. And they were looking at larva labs to, to lead the NFT community into this space and, or, in this space and say, no, this is the right way. You should give people the creative license to do what they want with their image, because that's what the people want. [00:16:18] And that. This is going to that's what the market's going to value as well. And Ecolab saw that and they did it right away and, then they came out with the the ape token and I'm sure that they've realized that having that. So I should say that. The anybody that's holding a punk or me that did not get any of the AP token. [00:16:35] Those were for just board apes and the derivatives there. But I still think it was a great move to just show that they are still giving value to their community. I don't think that it could be expected that these holders, that they have, the ID that they just acquired in the same week, we would get that airdrop. [00:16:50] But regardless, like I said, it's something that shows how much value they give back to their community. And it wasn't asking them to go buy another. For two and a half eith or, after they gave or giving half of it away, just a very different model, a very different way to, to handle the community from the two creators here. [00:17:06] Yeah, Carefully. I did look at the eight token and I was looking, scouring around for affordable projects. Just be careful if you have the FOMO and feel like, oh, here's the chance I can buy this token. Just historically consider what has happened when tokens have been dropped in mass to a bunch of people for free and whether or not they're all in on holding it indefinitely versus taking some. [00:17:30] Inevitably I can't find a counterexample to what I'm going to say, tokens that are dropped in this way. Initially see a price drop because of the profit taking. So be careful with running, running directly in this direction and just throwing money at this, trying to follow into it. [00:17:47] So I will say that there though it is, I'm super excited. Also on the sort of punk train here, punk comics fell off an absolute cliff December. They literally go. And I looked back, trading average floors of over five E on punk comics to. Currently, well under, like it's like 0.1, right? [00:18:11] They fall off a cliff because of the reputational reveal and sort of identity of beanie coming out that in fact the individual behind. Punk comics was called out by NFT ethics among others to actually have been part of certain pump and dumps and other things where he was taking advantage of investors. [00:18:34] And it just it torched it, it torched the project overnight, simply because of his role as founder. [00:18:40] Yeah, that's a good example there. That was when he was always somewhat of a, it's always been somewhat of a controversial figure on social media. Had certainly. Ben in his share of Twitter arguments and people were, I dunno, maybe looking for something on him anyway, and, turns out that he had a lot more dirt on him and yet you're right. [00:18:57] That completely destroyed the value of that. Pretty quickly too. And we've seen this in other projects, we S some lesser known projects. Also see, we discussed one with some. The magic internet money and some related projects there at one point with Sifu, with a developer who had been part of a previous crypto scam that saw a hundred and some odd million dollars disappear. [00:19:20] And then it was turned out that he was connected to this. I also recall there was one out from the magic marketplace where a developer there was linked to some other scammy and Ft project. Ben had death and proven to take quite a bit of money from there. And the token dropped initially I think 20, 30%. [00:19:39] It did recover. They eventually had another hack that caused other issues there, but that's of course that's another topic that we have. Talked about in a funny times in the past. But yeah, we see this again and again, where there aren't, especially when so much of the project depends on one or two people being part of it that, if they, if there's something wrong or if they leave the project even, it really can hurt the value of the NFT that the token, whatever it may be really quickly. [00:20:02] Yeah, I think there's a unique, there's a unique difference between leaving a project versus the reputation ruined aspect, which is just immediately reflected in price. But also, I don't think I've always fully maybe mapped to the risk of NFTs that you're really betting on this creator in a. Memorials social way that I think just adds a bit of risk to an already risky ASCA asset.  [00:20:30] Absolutely. We've talked a bit, not on the podcast. I don't believe we talked a bit about how artists are, especially at risk when you're holding their pieces, because that is literally one person in most cases. And we've got one person, They think person and, doing things, that, anybody's doing they're, they are capable of ruining a reputation, which could destroy the value. [00:20:51] You don't know what's going to happen regardless of whether the person is doxed or not. You've really don't eat no at any point what their future may hold and what the value of their pieces may do as a result. [00:21:02] Yeah. [00:21:03] the art defines the artists and that interpretation, it's. In a more intimate way. It feels like then maybe in the past where, like artists have been known to be a-holes, but they're like, oh, I respect the work. And you can identify the work separate of the artist and the artists and 10 you're like okay. [00:21:19] Nothing comes to mind. I don't like throwing stones that way, but it's certainly true. But it is maybe a different way because we're such a community. Oriented and the way the value is ascribed and able to be done so quickly that it's just a higher expectation and maybe a new threshold to take a look at. [00:21:37] When you say like, all right, here is the team capital T behind this, do they know what they're doing? Are they good at what they're doing? Are they trustworthy? Would they make the right moral decision? Especially look, people get a little baddy sometimes when they get a bunch of money in their pocket. Okay. How are you going to respond? If this suddenly starts to like, take off, are you going to realize oh, we have $70 million and we drummed, we dropped a bunch of shit on people. Pixel Mon what are we going to do to fix this? Or should we just take this money? Cause that's a lot of freaking.  [00:22:09] Yeah, that's a good point. That's a tough one to come back from as well. That picks them on case when the reputation is destroyed like that, it takes a lot to try to come back and they certainly I don't know, maybe they're trying, but it doesn't seem like they're trying hard if they haven't completely rubbed everybody at this  [00:22:26] haven't seen anything in the news. I haven't seen any updates. And it's a lifetime to repair and a data room. That's the brutal thing about reputation.  [00:22:33] Yeah. That's a great. [00:22:34] All right. I think we covered this one. Interesting topic. Thanks for bringing us news, Andrew and good luck playing with your nude.  [00:22:41] Oh,         

Gary Vaynerchuk is truly an epic interview with so much insight and foresight into the world of business and branding. Eric and Gary go back over a decade, as Eric was one of Gary's first hires for VaynerMedia back in 2010, and would go on to launch VaynerMedia in EMEA in 2016. In today's catch up, Gary and Eric talk about NFTs, and how harnessing their power can turn your marketing function into a profit generator. Gary sheds some fascinating light on what some still see as a subject irrelevant to marketing, and the whole interview is really worth a listen (or two) to make sure you and your business aren't falling behind.GaryVee, chairman of VaynerX, reveals the thinking behind his NFT venture, VeeFriends, and how he used NFTs to market his latest book,  Twelve and a Half, so successfully that he may not be able to fulfil pre-orders. We're so glad this book - which speaks to the emotional skills necessary in life and business - is coming out, because in a world that seems to value profits over people, Gary truly stands out as proof that empathy and human connection are essential to lasting success. To know Gary is to know he truly practices what he preaches and insists upon kindness and empathy in everything he does. To the nicest guy in the business, thanks again for the chat and always inspiring us to be better. As promised, here are the takeaways Eric and Gary want you to know about how to use NFTs to market your business: Search #NFT on Twitter and follow 50 to 100 people.Join 5 to 7 discords of NFT projects: go to cryptoslam.io or OpenSea, look at the top 100 projects on both those platforms. Choose 5 -7 in the top 100 that you like and join their discords.Most importantly, spend time education yourself about NTFs. Gary recommends at least 3 hours, but ideally 5 - 10 hours a week, until you get to about 25 - 50 hours of education about NFTs, and now you're in the game.At the end of this week's episode, we wanted to highlight an organisation we at Rival are proud to sponsor. Eric talks to Jake Dubbins from The Conscious Advertising Network,  a voluntary coalition of over 70 organisations set up to ensure that the ethics of the advertising industry catch up and align with the technology of modern advertising. Read about their six manifestos: diversity, informed consent, anti ad-fraud, hate speech, children's wellbeing and mis/disinformation, and how you can join them to make the world of advertising a better place.Scratch is a production of Rival, a marketing innovation consultancy that develops strategies and capabilities that help businesses grow faster. Today's episode was produced by Leanne Kilroy and hosted by Eric Fulwiler. Find Rival online at www.wearerival.com, LinkedIn, Twitter. Find Eric on LinkedIn and tweet him @efulwiler.Say hi at media@wearerival.com, we'd love to hear from you. 

We break down our tactics and strategies around NFT HOT DROPS. 1. ARTBLOCKS 2. CURIO CARDS 3. MONSTER STACK 4.VEEFRIENDS 5. FAME LADY SQUAD 6. MAYWETHER NFT 7. PENGUIN PROJECTS We are using Opensea.io , Cryptoslam, Discord, Twitter, and Coinbase as our tools this week to understand the activity from the development teams and commmunity, unique ownership, amount traded in 7 days and overall, as well as interactions on their discord i.e. announcements. THESTARSPODCAST.COM NFTCATCHER.IO

 Nifty Show Live with Cryptoslam, Quidd, Imposter Punks Randy with Cryptoslam https://cryptoslam.io/ Quidd.com - Michael Bramlage https://market.onquidd.com/ Imposter Punks Imposterpunks.com Releases Nifty.Deals/Elite See omnystudio.com/listener for privacy information.

Andrew Laird and Andy Black and joined by CryptoSlam! founder and CEO Randy Wasinger to discuss the collectible aspects of NFTs, how Sorare fits into the landscape, and whether card utility actually hurts collectibility. To sign up for Sorare and earn a free rare card after you win five auctions, go to http://sorare.com/r/lairdinho And for a FREE 10-day trial to RotoWire, head over to http://rotowire.com/try Learn more about your ad choices. Visit podcastchoices.com/adchoices