American Internet entrepreneur
We close out the week touching on the art side of the NFT against collectibles and what the long term prop would be and how things will shake. We're also joined by special guest Kevin Rose, founder of Digg, Host of the Proof podcast and founder of Proof Collective/Moonbirds/Oddities. We talk about art, markets, running a web3 business and everything in between. Tune in live every weekday Monday through Friday from 9:00 AM Eastern to 10:30 AM Buy our NFT Join our Discord Check out our Twitter Check out our YouTube Give us your thoughts on the show by leaving a rating. -- DISCLAIMER: You should never treat any opinion expressed by the hosts of this content as a recommendation to make a particular investment, or to follow a particular strategy. The thoughts and commentary on this show are an expression of the hosts' opinions and are for entertainment and informational purposes only. This show is never financial advice
Kevin Rose and Derek Edward Schloss discuss the current state of artist royalty bypassing, and the controversial approach Magic Eden is taking to discourage royalty loss. They cover MOMA's decisions to auction work by Picasso, Bacon, Rousseau, and Renoir to expand the museum's digital presence, including the possible purchase of NFTs. And Kevin describes the moment he saw a $35,000 NFT frame taking a page from Tesla's early playbook.
OpenRarity is a new rarity protocol built by the NFT community for the NFT community. The project is a collaboration with OpenSea, Curio, icy.tools, and PROOF. Today, Kevin Rose chats with Arran Schlosberg, VP of Engineering here at PROOF, who helped develop the mathematical algorithm, and Aadil Mamujee, Product Lead of the OpenSea Marketplace. OpenRarity website - openrarity.dev https://twitter.com/opensea https://twitter.com/curiotools https://twitter.com/icy_tools https://twitter.com/divergencearran
If you don't know Deerhammer Distilling, then today is your lucky day. #BourbonTurntable has Lenny Eckstein, founder and distiller, of Deerhammer as our guest this week. Lenny is making some exception whiskey in Colorado and is on the cutting edge of the American Single Malt movement. We also have some interesting discussions with Lenny about music and its relationship to life and whiskey. Sitting in with Kevin Rose and Drew Crawley this week is everyone's favorite redhead, Jolee Kasprzak. Please subscribe, share, like and comment. #Deerhammer #Bourbon #Whiskey #Music #Cheers #Love #FreeBird
Scottsdale Water is hiring, and no experience is required! This week on Podsdale, Kevin Rose and Valerie Schneider give us the inside scoop on Scottsdale Water's trainee and apprenticeship programs. These full-time, paid positions, provide on-the-job training so you can start your own exciting career in the water industry. "Water" you waiting for? For more information on these programs and how to apply, visit ScottsdaleAZ.gov and search “Water careers.” Podsdale celebrates the City of Scottsdale's employees, highlights their stories and accomplishments, and shares city news they need to know. Find Podsdale on YouTube or in your favorite podcast app: https://podsdale.captivate.fm/listen
In der aktuellen Folge des w3.talks widmen sich Marvin und Vicky der Fortsetzung über die Vorteile und den aktuellen Stand von Hypewear. Aktuell scheint das Thema eine potenziell umweltfreundlichere Alternative zur Fast-Fashion Verschwendung zu sein, auch wenn noch nicht ganz ausgereift. Außerdem hat Vicky es geschafft, Access zur begehrten AI von DALL E 2 zu bekommen! Mit nur wenigen Worten schafft es die künstliche Intelligenz, ganze Kunstwerke in den unterschiedlichsten Stilen zu entwerfen, womit sich die Frage auftut: Können wir alle in naher Zukunft Kunst schaffen, ohne z:B. Malen zu können? Welche Felder wird uns AI außerdem noch vereinfachen? Des Weiteren werden die Themen Privacy&Security innerhalb der Blockchain besprochen. Cameo-Gründer Steven Galanis wurde kürzlich gehackt, wodurch er Cryptos und NFTs im Wert von $231,000 verloren hat. Auch das Thema Moonbirds wird diese Woche nicht außer Acht gelassen. Was Kevin Rose mit der Freigabe aller Rechte hiermit geschaffen hat, stellt viele Fragen auf und lässt Raum für Spekulation. Hat Kevin Rose einfach nur Rechte abgeben wollen, um frei von Verantwortung zu sein oder steckt mehr dahinter? Die Community jedenfalls ist in Aufruhr - zurecht finden Marvin und Vicky. Nicht zuletzt wird darüber gesprochen, was es mit dem Verbot von Tornado Cash in den Vereinigten Staaten auf sich hat. Vicky erklärt, warum es teilweise vorteilhaft ist, mehr Anonymität in der Blockchain zu haben. Das Thema Privacy spielt überall eine wichtige Rolle. Auch innerhalb der Blockchain. Achtung: Aktuell suchen Vicky und auch Marvin Verstärkung im Team! Außerdem findet bald ein Event statt, wofür wir noch Speaker suchen. Agenda: 00:00 - 03:10 Intro 03:10 - 08:30 Updates bei Vicky und Marvin 08:30 - 14:00 Fortsetzung Hypewear 14:00 - 17:00 Privacy, Security und Hacking 17:00 - 27:30 DALL-E 2 - AI Revolutionen 27:30 - 43:30 Moonbirds - Was hat sich Kevin Rose dabei gedacht? 43:30 - 55:00 Tornado Cash 55:00 - Wochenschau Rückblick w3.talk auf youtube: https://www.youtube.com/channel/UC4q-GK_aQOp2L2dYbu6fSmg/featured Link zum Newsletter: https://w3-news.beehiiv.com/ Vicky: https://www.linkedin.com/in/vicktoriaklich/ Marvin: https://www.linkedin.com/in/marvinsangines/ w3.fund: https://www.w3.fund/ notus: https://www.notus.xyz/ w3 auf Discord: https://discord.gg/hDTDF66fCH
For our final episode of Season 2, we return to web3 first principles: community tokens create yet-unrealized opportunities within an immeasurable design space at the intersection of culture, ownership, and value creation. The realization of these opportunities is inevitable — but the timeline and cadence remains unknown. Derek Schloss is a partner at Collab+Currency and a regular guest on Proof with Kevin Rose. Derek and Jess explore possible futures for the community token design space, taking both inspiration and cautions from Nouns, Art Blocks, Chromie Squiggles, and $10 pizza with a friend. While internet native communities have leveled up innovation on the side of pooled capital, we have yet to unlock truly novel ways of allocating that capital using shared decision-making. The builders who both perceive the unrealized opportunities and sit in the discomfort of a novel design space will be the ones to watch through the next cycles of innovation.
Today, we talk about Bored Ape Yacht Club having a celebratory Twitter space for passing 1 million followers, as well as the new PROOF Collective update from Kevin Rose. Buy our NFT Sign up for FTX Join our Discord Check out our Twitter Give us your thoughts on the show by leaving a rating. -- DISCLAIMER: You should never treat any opinion expressed by the hosts of this content as a recommendation to make a particular investment, or to follow a particular strategy. The thoughts and commentary on this show are an expression of the hosts' opinions and are for entertainment and informational purposes only. This show is never financial advice
Despite the struggling NFT market, brands we know and love continue to launch NFT projects and many have begun moving their Loyalty Rewards programs to the blockchain. Imagine being able to wrack up airline miles and then sell them to someone else, or buying a music festival ticket that lets you vote on the lineup. We speak with Riley De Leon from CNBC to learn about the shifting structure of Loyalty Rewards programs, as well as Matt Smolin from Hang.XYZ to learn how he's helping big brands make the switch. Moonbirds is a "Blue Chip" NFT project that had originally promised it's community that they would have full IP rights to their NFT's, similar to other popular projects like Bored Ape Yacht Club. This week they changed the rights to all their NFT's to CC0's, making the images open to the public and enraging investors. Shira held a Twitter Spaces on the subject and was joined by Kevin Rose, founder of Moonbirds, to try and understand why the sudden change. Lastly, Tornado Cash is the latest Crypto company to come under the attack from regulators. The company allows investors to obscure their transaction data from being traced, but has been used by nefarious groups like The Lazorous Group from North Korea. Now, users are trolling regulators by sending small amounts of Crypto to celebrities. We speak with Matt Leising to learn more about the situation, and how hard it will be for regulators to enforce. 00:01 - Welcome 00:40- Weekly Headlines 4:48 - Riley De Leon Writer at CNBC - Loyalty Rewards programs and the blockchain 9:00 - Matt Smolin Founder of Hang.xyz - How Web3 can foster a more personal relationship with brands 11:50 - Twitter Spaces Live (Kevin Rose Founder of Moonbirds NFT) - The shift to CC0 Intellectual Property Rights 20:27 - Matt Leising of Decential.io - What is Tornado Cash and why was it just banned in the US
Today's episode is an awesome Empathy Hour conversation I had with one of my good friends and Founder of Moonbirds, Kevin Rose! We discussed our history as great friends, the early stages of Kevin's career and the diggs.com days, taking the good from our Dad's, why Kevin Rose is succeeding and so much more! Enjoy! Let me know what you thought. Check out my new NFT project: veefriends.com Join the VeeFriends Discord: https://discord.gg/veefriends Tweet Me! @garyvee Text Me! 212-931-5731 My Newsletter: garyvee.com/newsletter
Today's blockchain and cryptocurrency news Brought to you by watchthiscards.com Bitcoin is down 1% at $23,256 Ethereum is down 1% at $1705 and Binance Coin down 1.5% at $317 Companies begin blocking Tornado Cash following blacklisting. Iran makes first order to be paid in crypto. Reserve Bank of Australia to start new CBDC pilot Kevin Rose's Moonbirds ruffles feathers with copyright change.
This morning, we were joined by Maren Altman, the crypto technical analysis astrologist. We often will make trades based on her predictions that come from astrology, and we had her on the show to dig into. We asked about how she approaches her trading and learn more about her. We also talked about the Adidas NFT, Kevin Rose and Moonbirds, and some of the other stories like Rare Apepe Club. Maren's Twitter Tune in live every weekday Monday through Friday from 9:00 AM Eastern to 10:30 AM Buy our NFT Sign up for FTX Join our Discord Check out our Twitter Give us your thoughts on the show by leaving a rating. -- DISCLAIMER: You should never treat any opinion expressed by the hosts of this content as a recommendation to make a particular investment, or to follow a particular strategy. The thoughts and commentary on this show are an expression of the hosts' opinions and are for entertainment and informational purposes only. This show is never financial advice.
The conversations around the "attention economy" aren't new, and in many cases, people love to attack social media, websites, and our mobile devices to make the attention economy impact skew negative, and marketers have been willing to use every tool at their disposal to leverage and capture that attention in any way they see fit. But in the NFT space, the attention economy is much more connected to the human condition and less to blame in marketers rather because NFTs can be thought of by many as securities in a startup, the value is often connected to speculation of future value and for many, in the cryptoBro times of nfts and crypto, they could skew that speculative value by driving everyone's attention to the FOMO within projects. And let's face it the days of the "cryptobros" needs to come to an end but after seeing the negative energy explode over the last weekend as Moonbirds founder Kevin Rose tweeted out about the shift to cc0 for Moonbird NFT holders. It struck me that we have a long way to go before this manufactured attention and negative energy doesn't drastically impact the value of an NFT project. But just because its going to take a big effort to shift the tide doesn't mean we can't make that our focus moving forward... Link to the Alpha Mondays twitter space on Zealous mentioned in this episode: https://zealous.one/m/mtg_2D6G0TcwUTNCpooXGEBxkS5ZOug Featured NFT from the #mint365 collection: Techie_Club: https://twitter.com/iSocialFanz/status/1556724751556661250?s=20&t=XIkBxRC6z54qWRYKqY3Ysg Discover the latest Web3 strategies to improve your business at the upcoming Crypto Business Conference in San Diego, October 9th-11th 2022 https://www.socialmediaexaminer.com/nft365 ______________________________________________________________ Learn more about the NFT365 Podcast
We welcome back one of our best guests Dalton Weeks for a discussion on his recent life changes, the crypto space, standards, and much more! TIMESTAMPS: (0:00) Intro (1:30) Moving back to New York City (9:30) How the city influences time (10:50) Memory bumps (13:45) The purple Gatorade story (17:25) Dangers of not paying attention (20:35) Dalton on crypto & being hired as an analyst (26:40) Bear markets are for builders (29:30) Society going digital (46:00) The Kevin Rose job interview story (50:35) Having faith in something bigger down the road (52:25) The big 5 everybody should focus on (55:00) FORDES framework for human persuasion (1:03:00) Big crypto plays & going all in (1:09:00) Dealing with suicide of a friend (1:13:00) On money mindset (1:20:30) Figuring out what you want (1:26:00) Leaving the party at the peak & having kids (1:34:50) Expensive vs inexpensive experience (1:49:00) There's a price to pay for being at the top (1:51:45) Dalton's one piece of advice (1:56:30) Outro FOLLOW DALTON WEEKS: INSTAGRAM FOLLOW THE 2AM PODCAST: VISIT OUR WEBSITE FOLLOW US ON INSTAGRAM SUBSCRIBE TO OUR YOUTUBE CHANNEL GRAB SOME MERCH
Kevin Rose, longshoreman and President/Business Agent of International Longshoremen's Association Local 1413. Many see the cargo ships in the Port of New Bedford but few know about those who work to unload the cargo. For generations, longshoremen have been a part of New Bedford's working waterfront. Mr. Rose will provide a glimpse into the life of a longshoreman. Raised in New Bedford, Mr. Rose is a third-generation longshoreman, following in the footsteps of his grandfather and father. For over 25 years, he has worked on New Bedford's waterfront. He will discuss his life as a longshoreman, his hopes for the future of the Port of New Bedford, and his work as union President and Business Agent. --- Send in a voice message: https://anchor.fm/charles-perry/message
CC0 means "no copyright reserved". The NFT collection of Moonbirds had their creative licenses changed and it's been taking center stage. Von lets you know what Kevin Rose said on the matter and provides some quick discussion on Illuvium gameplay. Major League Soccer is the newest entry to the Welcome to Web3 club. Signing a Bored Ape Yacht Club NFT through an agency. This week features two interviews. One project is looking to take it's indie roots to the gamers. Another wants to focus on brand and be seen across the Metaverse.
Tech entrepreneur, investor, NFT collector, and Curated co-founder Todd Goldberg joins Kevin Rose and Derek Edwards Schloss for this edition of 100 Proof. Here, they discuss collector strategies in a crypto bear market, the enduring allure of generative art, the dangers of maximalism, the next big NFT genre, and much more.
This episode opens with macros and Rug Radio's new partnerships happening with the GM NFTs show. There was also a massive breach on the nomad bridge network allowing for insane exploitation. Listen in for the details and hear how big funds combatted the looters.We had a surprise visit from Ryan Carson! After the hosts gave their takes on the topic of DAOS vs Funds, which was spurred on by a Kevin Rose tweet. Ryan heeded the complex legality of DAOs and gave his reasons for launching the legal 121g fund. Finally, we were joined by our featured guest Webaverse! Creating an open metaverse using opensource code with any NFT in your wallet. First NFT drop happening on their mmo Upland. 10 Allowlist spots were given out during the space, exclusive to live listeners. Webaverse: https://twitter.com/webaverseGM See acast.com/privacy for privacy and opt-out information.
On today's episode, Kallaway and Roman break down:(00:00) Intro: Roman kicks off a conversation without asking a real question(01:19) Tiffany & Co. Reveals NFTs For CryptoPunk Holders—at $50K Each!(08:32) Are Ryan Carson and Kevin Rose beefing?(13:48) MetaMask add feature to stop wallet drainer NFT scams(18:12) Ticketmaster scouts productization of enterprise NFTs beyond ticketing(25:28) Hot takes & predictionsWatch on YouTube: https://youtu.be/bWHgFzjguSUsundaydrip is a member-owned lifestyle brand built on web3 rails.Translation: We're using NFTs, blockchains and tokens to enable members, designers and builders of our brand to earn a piece of the upside.Become a sundaydrip member - https://sundaydripsociety.comRock a sundaydrip hat - https://sundaydrip.coJoin sundaydrip Discord - https://discord.gg/Nhm2b5PvpATwitter - https://twitter.com/sundaydripsNewsletter - https://sundaydrips.substack.com/Youtube - https://www.youtube.com/c/sundaydripFollow Kallaway - https://twitter.com/kallawavyFollow Roman - https://twitter.com/romanlecavalierLegal Disclaimer: No information shared in Cryptoland is financial advice. All content is for entertainment and informational purposes
Lou and Tyler talk about this week in NFTs. Moonbirds Oddities revealed, and the floor swiftly went down bad. Kevin Rose and team are hoping that the Moonbirds silver nest can bring people happier results. Minecraft disallows NFTs, stirring the pot for gaming NFTs. What is next for projects such as NFT Worlds? Will the games built on Minecraft be able to recover?
Today's episode is from a recent Props & Drops episode where I sit down with Matt Kalish to discuss sports and NFTs! The Web2 kid himself, Kevin Rose joined us on the show this week to talk Moonbirds, Proof.xyz, and drop some history about our time in the Web2 world. We touch heavy on the crypto market and NFT utility as well, I know you'll love this one. Enjoy! Let me know what you thought. Watch the full episode here: https://www.youtube.com/watch?v=-UTjGYA2ILQ&list=PLOLQe-AojK3XtmGl6taJuz9j31zIjG3zt&index=4 Check out my new NFT project: veefriends.com Join the VeeFriends Discord: https://discord.gg/veefriends Tweet Me! @garyvee Text Me! 212-931-5731 My Newsletter: garyvee.com/newsletter
Back in a few weeks with a live recording, but still important to look back on some key topics and conversations from recent Props & Drops episodes including Mila Kunis, Mike Shinoda, Kevin Rose, Steve Aoki, Tom Sachs and Dillon Rosenblatt's approach to the NFT and collectible space and the origin of Kalish's “Mayor of France”. ---- “Draft Kings” by Fresco Trey - Listen to the full song here: https://frescotrey.lnk.to/draftkings ---- Follow Props & Drops on Twitter: https://twitter.com/PropsAndDrops Follow Matt: https://www.instagram.com/kalish/ Follow Gary: https://www.instagram.com/garyvee Check Out Reignmakers: https://marketplace.draftkings.com/
Theme: Loss Aversion NFT Loss aversion in behavioral economics refers to a phenomenon where a real or potential loss is perceived by individuals as psychologically or emotionally more severe than an equivalent gain. For instance, the pain of losing $100 is often 2 to 3x greater than the joy gained in finding the same amount. Are we having fun yet Stop checking prices on long holds Science of FOMO and HODL Do the emotions match the reality Affordable project: Double down - https://www.coingecko.com/en/coins/bankless-dao NFT NewsNFT Headlines: Mark Zuckerberg Unveils NFT Roadmaps For Facebook & Instagram Uniswap Labs Pushes Further Into NFTs With Genie Acquisition Doodles NFTs Announces Pharrell as Chief Brand Officer, Fundraise Led by Alexis Ohanian - Decrypt eBay acquires NFT marketplace KnownOrigin Solana NFT Marketplace Magic Eden Raises $130M, Plans Multi-Chain Expansion - Decrypt Transcript: [00:00:00] Today on all about affordable NFTs, we are talking about loss, aversion and NFTs, the secret science behind FOMO and ho we'll get to that later though. Andrew, what are we seeing in the news? Oh, right. Yeah. What are we seeing out here? We've got, oh, we've got genie X, Y, Z has been acquired. So this is an aggregator. [00:00:22] This has been acquired by UNS swap labs. So. Uh, UNO is their first real push into NFTs, but I think this is pretty significant. We saw gem another aggregator get acquired by open sea a couple months ago. And this was, uh, this was the other big aggregator out there is the other big aggregator out there right now. [00:00:44] And, uh, that's big that UNOP has, has acquired them. Um, I can definitely see, um, how they will, uh, or, or how this could add some different liquidity options with, uh, unit swaps. You know, if the unit swap can build this into their suite of products, Yeah. We mentioned genie a while back when we were talking about multiple bids and bid aggregators, and you actually called the fact, they're like, I'm gonna do some transactions on here because I bet they're going to make a distro at some point now they don't have a coin coming, but they are, as I understand it, going to be rewarding, the people that had transactions, and this has already been snapshotted with U S DC coin or with a stable coin. [00:01:23] I love it. I, you know, what's in your wallet. I think we did some transactions there, way back because of that episode. So late in alpha. Yeah. Yeah. I mean, that's, that's interesting. I haven't seen a, a straight U S D C airdrop like that, but I like it. I don't have to worry about the token price suddenly diving as everybody is everyone. [00:01:44] Yeah. Usually when that happens, it's like, all right, start your engines. Let's liquidate this thing as quick as. All right then next we've got some news on what is coming for Facebook and Instagram regarding NFTs. So, um, I'm not sure if you've had a chance to look much into this, uh, yet George. Yeah. I mean, as I understand it, it's a deeper integration with NFTs and eyeing toward, uh, an actual, I think more of a, a marketplace, as I understand it. [00:02:14] Yeah, and it sounds well, they are putting aside the, the issue of the 47.5%. Um, fee that they'd like to take. They're saying that they're just, just going to be a free for now tiny taste. Don't worry about it. We're gonna give you it free for now. And then, I mean, at least they're telling you this time that they're what they're going to do. [00:02:33] In many cases, it's been, we'll give you something free and then we just change the terms later on and start charging charging brands for, for the same exposure. So, you know, we'll see what happens here. Um, You know, we we've talked about how this has the potential to bring a lot of people in. And I just hope that it is the right experience. [00:02:53] If this is what's going to be the first NFT experience for many people. What I do like is it's making you realize that there's a commoditized race to the bottom game for platform fees, right? Even 2.5, maybe look back and that's the open C. Maybe just you're like for doing what exactly making it riskier, allowing a whole bunch of other fake projects to scam me, letting latent contracts get stolen. [00:03:21] Like what, what was this 2.5? Get me, uh, sorry, sorry for the flood there. But like, I'm just saying it's reflective of a commoditized market where the, the number you're going toward is zero. So you're gonna make your money maybe some other way. Uh, but 2.5 seems high and it's a very, very important. You don't have to look far back in history books to see Facebook with a, a proud history of rugging developers and people that rely on its platform. [00:03:47] Yeah. Yeah. So what's another 45%. I think it's well worth it. Right? [00:03:51] Well, 47.5 45, whatever man. That JPEG's gonna 10, 10 X. Okay. All right. So next here we've got doodles. They have announced, uh, Pharrell as their chief brand officer. Um, they've also raised another round, uh, led by Alexis Hanian, um, the founder of Reddit and has his own, uh, VC fund. Now, um, the, the price on those have of course climbed on that news. [00:04:16] They also had a, I understand they had a impressive party. I assume. PLL probably. Probably performed at the party. Um, but they've had some pretty, uh, good live events I've heard in the past. I think they had a big event at, so by Southwest and, uh, the price after that RA, uh, uh, started going up as well. So, um, interesting. [00:04:35] Definitely. Uh, not going away, like we've seen some other, I don't know, some other big name projects, just kind of Peter out. And we're seeing that they're still, still going for it here. Yeah. I mean, I consistently hear strong things about their team. Um, I don't own any doodles. They are. They're not on my short list. [00:04:52] Cause their price doesn't come to very much affordable territory. Very often. Point . Yeah. That's good for them. Right. congrats if you are a holder. Cause that's uh, I wouldn't, I wouldn't look to sell that right now. If I, if I were holding no. [00:05:06] We've got some other news of a, I guess, a web two company coming into the NFT space. This is eBay acquiring NFT, marketplaces, known origin. I dunno if I'd say marketplace necessarily. It's more of a, uh, NFT art platform. Um, but that's. It was that's big news. Um, I was very surprised to see that eBay was the one that ended up with known origin. [00:05:31] I thought that there was, I mean, it seemed to me like there was a possib, there was there would've been a good case to be made for them being acquired by a more crypto native company that, uh, I presumably could keep, just give them more stability, um, over time. Well, you need, you need capital to make acquisitions. [00:05:49] And when you're capital and your bank may have been held in crypto, It's hard to make moods potentially. So, you know, it may be a big web, two opportunity buying point. Yeah. I just, I didn't didn't know that I was going to have eBay based NFTs in my wallet. well, I mean, you see it in Shopify. I mean, the eCommerce giants know that there's a lot of transaction volume. [00:06:16] And, you know, they're, they're in that game. And so I think there's a realization that it doesn't matter if it's, you know, tangible and tangible with regard to like, am I, is it a physical object or we're just talking about a transfer of ownership of a object or an idea. Yeah. I mean, they definitely get that part. [00:06:36] And I think, you know, in some ways it's a lot easier when you don't have to deal with the, the physical object. Yeah. Or unless. News story we've got here, Sal NFT marketplace, the, uh, magic Eden, uh, has raised 130 million they're planning to expand to, uh, more chains. So, you know, we may end up seeing them be, uh, more epic competitor with open sea right now. [00:07:01] So does, or Sal is on open sea, but, uh, there's. I think it's something like less than 2% of the overall volume is done on open sea. So there's not much competition between them directly right now, but I think we may see that, uh, magic Eden may, you know, may expand to the Ethereum chain at some point, right? [00:07:21] If someone just dropped 130 million on you, you better have a total addressable market. That includes more than Solana. So I have really liked using magic Eden. I think, uh, it's, uh, it's really turned me on to like the possibility that there's something over there. Um, but it's, it's good overall for the market, 6 billion valua evaluation on that, uh, on that hybrid in a monster bear market. [00:07:49] Okay. Yeah. I mean, that's, you know, that's an impressive, that's an impressive, but also magic Eden has days where it outperforms in terms of total volume transacted, open sea. That's true. That's a good point. Um, and yeah, we will, we'll see what happens here. I think that, you know, we're still seeing the, the marketplace. [00:08:07] Uh, we're still seeing the market, the marketplace has developed, and I don't know that we will, that it will just be open sea. Like it has been, uh, dominating the Mar marketplace PLA or marketplace wars in the future. Yeah. [00:08:21] All right. So our affordable project this week is a bit of a, I'll just be honest, uh, a cop out, double down but I'll, I'll make the case, uh, again, just really quickly about the Bankless and Bankless Dow token. And, you know, we mentioned it before that is coming from Bankless the leading podcast, I'd say leading crypto podcast, frankly. [00:08:45] Um, with an amazing, dedicated, uh, audience, but also just respect in the space. I mean, just to throw it out there, one, the opportunity just to map it out is the Bankless, uh, Dow token. Currently trading at 1 cent. And now, you know, this thing is down quite significantly. Like, I mean, look in 90 days, you know, it hit a high hundred percent in the last 24 hours though. [00:09:13] yeah, no. Uh, depending on what 24 hours we're talking about, but you know, this thing was, uh, at 12 cents, um, back in December of 2021, But I just want to, you know, play out the, the narrative really quickly is that Bankless out holders that have at least 35,000 tokens get access to the community. But what's more are part of this community that has the potential for a future NFT drop. [00:09:37] Nothing's been said, nothing's been promised you can look back at the Kevin Rose conversation that they had. But again, if you're thinking about, you know, and I try to do this levered E plays Bankless is. Really the Vanguard of communications around E they pick up the phone and have Vitalic on the line. [00:09:57] Boom he's on the podcast. They have a reputation in the crypto space, such that they like DMed mark Cuban last week. And with 40 minutes notice the guy is on their podcast for an episode. If we are looking for things that can carry reputation and attention capital a attention, which drives value. Um, I see this as, you know, a, a levered E play, um, at a time when you're saying like, okay, they have the, the means of production. [00:10:28] They have the means of broadcast and they have the reputation and trust that is necessary to, to launch something of significance. And I think they are smart. And they're not gonna launch shit during a bear market, but they're building and thinking. And I think post merge and when the market returns, they're gonna remember who their friends were. [00:10:49] And so, uh, it's a project that I'm, I'm looking to double down on and get a little more friendly with. Yeah, that's a, it's a good one to bring back up. It looks like it's actually at the, you know, right around the lowest price it's ever been. Um, so, you know, I think that's not a bad time to be buying. Um, and like you said, how many is it that you actually have to hold to, uh, to be able to join the 35,000 so full disclosure? [00:11:15] I am, I already have 35,000. I'm, uh, looking at. Maybe pulling the trigger on some more so that I can hold and then sell when, when it, when it rises a little bit, um, you know, the old buy, I'd still be able to hold weird. When you talking about like tokens, you like? Hmm. Yeah. I mean, it is interesting, you know, we're, this is not a, an NFT, but obviously, you know, we think that there may end up being an NFT here as we've talked about in the past. [00:11:40] Um, and, uh, you know, it is funny to think, you know, when you're buying just amount of tokens and there's no pictures, it feels. It feels very different. um, you don't feel, you don't have the much of a, an attachment to those, those tokens when it's just a number. It's true. I, you know, it really begs that, like, I want to be identified as a member of this community more so than like, oh, I looked at the assets you're holding, but on the chain and I found like, no, I like com strong communities will look for. [00:12:12] Identifiable membership element it's um, I dunno, you know, clearly not financial advice, like I'm speculating on speculation. That's what that's, what's been in my head recently. I like this one. I, I think I do not have any yet. Um, I think I may need to, uh, go, go take. Take the advice that, you know, we gave out at maybe the wrong time, the first time. [00:12:35] But, uh, so hold on. I, I took my own advice, but here's the joke like E I think at that point may have dropped more than the price of at the, at the point would now the transaction, but it was, it cost, I think at a time I did, it was like about 0.5 E to get 35,000. And now it's down to 0.3 E to get 35,000. [00:12:56] And of course you can, you know, play the game any way you want dollar cost or. Just hate it. Yeah. Nice. Well, thanks for reminding us of this one, George. Yeah. I mean, our ultimate advice is we realize every time we do our project reviews, we should've just bought about two of everything we ever said, regardless of what we thought at the time, the problem is selling it at the right time. [00:13:19] yeah. Yeah. Over a period of time, we would've done fine, but there's points at which you should sell. This is true. Well, maybe we should, uh, maybe we should get into that a bit. oh God, I don't wanna touch it. I'm so fresh. The only thing I can for sure do. And like the people in square laugh, cuz I just keep saying it is like the only firm advice I can give you is just wait until I sell something and that number's gonna go up it sure. [00:13:41] As the sun rises in the morning, you wait for me to sell it. And that, that freaking thing is going up only. All right. So look for, look for George to sell. I'm the ultimate. I'm the ultimate sell signal. Just add 72 hours. okay. Here we go into loss. oh man, here we go into loss, avers, NFT land. And, and here's, here's the narrative that I'm, I've been thinking about, what is really behind FOMO and ho and I'm just trying to get into like why I've made some of the mistakes I've had and, you know, Been frustrated when I've been the idea of loss, aversion is a behavioral economic term referring to the, the idea that the, the real or potential loss is perceived by individuals, uh, you know, emotionally it's, it's more severe than an equivalent gain. [00:14:29] So put another way the, the pain of losing a hundred dollars is like two or three times greater than the joy of. Finding the same amount, which is, which is a weird way to put things, but it is something that has been literally proven in, in various ways where they do experiments of, you know, would you take this gamble if it meant losing this much versus gaining this much. [00:14:55] And we just, we hate losing things which makes it tough to play the NFT game with the swings, being what they are. And it can really, uh, cause you to make stupid buying and selling decisions. Because of this loss, aver versus playing the game as though, like you were a computer who could calculate the proper expected value and there's this like loss, aversion engine, just running the background. [00:15:20] I don't know. Does this make sense to you? Do you see this manifest? Yeah. I mean, I, you know, I've heard of this, uh, phenomenon in the past, you know, the idea that, uh, , you know, you're, I dunno it, it's probably the reason why, why we don't sell our NFTs at the right time and, you know, hold them on the way down. [00:15:37] And then when they go down, man, it feels like, it feels like you lost, even though you never, you know, you were never ready to sell at that high price anyway, you didn't have that, but it still feels like you've lost that. Um, when it does go down and. We've all had a bit of that, at least a bit of that recently. [00:15:55] Um, probably a lot of that and you know, it does hurt and we, I don't think that most of us appreciate, or, you know, the science is telling us that we really don't appreciate things when they're going up. Um, to the same degree that, you know, we, we, uh, we hurt when they go down. So one way to think about it for me, I'm just trying to consider when I'm watching a number go down by, you know, oh, I've lost 0.3 on this thing. [00:16:21] Versus when I sell for like a gain and to really say like, oh, I'm still frustrated by my gain because I'll watch it go up still. And then it's like loss a version on top of my gain. I'm like, I don't even get the emotional upside. And sometimes it could just not be fun. You it's like, even when I win, I feel like I've lost because it goes up by, you know, an amount that I was like, ah, I lost it by this. [00:16:45] It, it, it's a very hard game. Yeah. That's the, I mean, like you were saying before, you know, you wait until, wait until George sales and then the price is gonna go, but you do feel like you lost that because you had the chance. To be, you know, to hold until that higher price came. Of course, you know, would you sell at that price or would you hold until, you know, until it ended up being at an even lower price than what you did sell it for us? [00:17:08] You know, I think it is really hard because you don't, you it's, it almost feels like when the price go goes up, it kind of feels like, well, that's what it's expected to do. That's not, I don't, you know, I, I bought expecting that the price would go up and that's what it's doing. So I'm not necessarily going to sell when I see that happen. [00:17:24] Um, But then all of a sudden, when it starts going the other way, you know, you, you may think a little differently, um, you know, cuz you do feel like you, you lost that opportunity. The reason I also bring it up is I'm trying to steal myself a little bit with an emotional guard, wondering whether or not my emotions about a project or my instinct about a project [00:17:46] match the match, the reality. And so put another way. if I see that my project that I'm invested in starts going down, my emotions are probably going to cause me to hold onto it with the aspiration that I won't lose this money. If I just wait long enough and it slides and slides and continues to slide. [00:18:10] So I could have taken a much smaller loss, which is felt as two or three X, but it's going to make me a little bit slower in thinking about selling on the way down. And conversely, it's also going to mess with how I, uh, calculate expected value for, you know, oh, I have a profit now, but I'm gonna be maybe slower to pull a trigger because it could go up more and I could lose out on that, on that Delta. [00:18:39] So, you know, I'm, I'm trying to think about it both on the upside and downside, but it, it definitely is in play and causes me to make messy decisions. Yeah. I mean, the emotions of you're certainly gonna get tested in crypto and in, and in NFTs cuz we see these things move so quickly. Uh, Both up and down price directions. [00:18:59] And that makes it, I mean, that does test your emotions in here. And I think it's important to just think about that, acknowledge that there are emotions at play with these and, you know, try it's, you know, try to take those out at times when you're, when you're making your buying and selling decisions. But you know, it obviously cannot be done fully. [00:19:18] I think it is important to try to try to keep these things in mind. Take some wins when you, when you can and recognize that those are, those are actually wins and you need to do it or else, you know, it's gonna be tough to, to stay, stay around the NFT. Uh, just the FD space for, for long, I would think. And the other piece for me is the idea that this is the science behind FOMO, the fear of missing out I'm going to lose. [00:19:48] I'm going to lose, which is going to have the emotional impact of two or three X, the amount there. And one thing that I'm really trying to hold myself to is, is not letting loss aversion jump in when I miss a mint. And then that sort of following 24, 48 hours where the price sort of pumps and inevitably comes down except in very, very, very rare cases to not be part of grabbing that bag in the. [00:20:18] Following 24, 48 hours after, after a mint, uh, after a mint out, I'm like, if I missed the train, I missed the train. Let's just wait. Yeah, I think, yeah, I think that's smart. You gotta try to do that. You know, you, you know, there are the rare cases where it keeps moving up and I think there's some, you know, when you're interested in the project, you have, you have a tendency to think that, well, I've obviously picked the project. [00:20:46] That's gonna keep moving up. Cuz I've picked out the one, the one from, you know, among all these others, that this is gonna be the smart one, but you gotta re. You're probably not that good. You probably, I, I know that I'm not. Um, and I generally, and you know, that's when I do make the mistakes is when you're thinking that, you know, somehow you've, you've got some sort of , um, insight into why this one's going to be so different than all the others. [00:21:12] Yeah. I think that's a whole, whole other episode of assuming that you're better than the average investor is a very dangerous place to be yet. Here we are throwing dart. That's right. All right. Thank you for humoring me on the, on the loss of Virgin game here. Uh, anything else to add before we sign off? [00:21:31] No, I think that was a good, good discussion. Good discussion. See you out there. I'm gonna go check the, the Bankless price now.
Ian Rogers, the Chief Experience Officer at Ledger, joins Kevin Rose to discuss the current state of security and self custody of blockchain assets and the future of self custody and smoothing over the current problems with NFT and crypto security.
The Web2 kid himself, Kevin Rose joins the guys on the show this week to talk Moonbirds, Proof.xyz, and drop some history about Gary and his time in the Web2 world. The guys then touch on the crypto market in the current, and talk volatility before diving into the world outside of art and simple utility - really pushing the boundaries on what NFTs can be utilized for. ---- “Draft Kings” by Fresco Trey - Listen to the full song here: https://frescotrey.lnk.to/draftkings ---- Follow Matt: https://www.instagram.com/kalish/ Follow Gary: https://www.instagram.com/garyvee Hop on the DraftKings Marketplace Discord: https://discord.com/invite/draftkingsmarketplace
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.
Welcome back, this week Lucas and Anita discuss turmoil and heartbreak in the crypto markets as Bitcoin and Ethereum get hit hard, a number of other popular tokens get crushed, and crypto-aligned public stocks like Coinbase and Robinhood see their share prices tank. What caused this bloodbath? Well, a major catalyst was the disastrous implosion of Terra's Luna token as a result of ongoing stablecoin woes.In their interview this week, Lucas and Anita chat with Kevin Rose. Kevin is a serial entrepreneur who founded Digg in the early 2000s and is now an investor at True Ventures and a co-founder of the Proof Collective. His startup recently raised $10 million from Seven Seven Six and launched its NFT project Moonbirds, which has quickly become one of the most popular NFT efforts out there. Listen along as we discuss the crypto crash and its fallout, and the challenges up ahead for NFTs.Helpful links:https://techcrunch.com/2022/05/10/bitcoins-backers-trying-to-turn-it-into-one-blockchain-to-rule-all-crypto/11:09https://techcrunch.com/2022/05/11/ust-founder-do-kwon-shares-plan-to-save-its-stablecoin-from-mass-destruction/11:09https://techcrunch.com/2022/05/11/terras-ust-crash-will-make-life-harder-for-crypto-as-regulation-looms/Subscribe to the Chain Reaction newsletter to dive deeper: https://techcrunch.com/newsletters
How did this Owl PFP project go from a 2.5ETH dutch auction price to 23ETH floor price in a few weeks? In today's episode, we do a light dive on Moonbirds, Proof Collective, and Kevin Rose. Moonbirds is a 10k pfp project that provides holders access to a private discord with other serious NFT collectors, perks for holding, and early access to the Metaverse they are building codenamed HighRise. **This is an educational podcast, not financial advice. Always do your own research before buying anything.**
In episode #2083, Neil and Eric share their reaction to Kevin Rose's Moonbirds NFT Project earning $400M+ In 7 Days. Tune in to learn more about the project, how it raised its funds, and the type of marketing strategy you should implement for a project like this. TIME-STAMPED SHOW NOTES: [00:20] Today's topic: Reaction To Kevin Rose's Moonbirds NFT Project Doing $400M+ In 7 Days. [00:35] An introduction to well-known entrepreneur, Kevin Rose. [01:32] A breakdown of the finances around the Moonbirds NFT Project. [02:36] The type of marketing strategy you need for a project like this. [02:50] Kevin Rose's marketing strategy and the PROOF Collective. [04:32] How to add value and utility with NFTs. [05:37] That's it for today! Don't forget to rate, review, and subscribe to this podcast! [05:42] Go to https://www.marketingschool.io to learn more! Links Mentioned in Today's Episode: Moonbirds NFT Digg PROOF Collective Leveling Up Heroes Subscribe to our premium podcast (with tons of goodies!): https://www.marketingschool.io/pro Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. The NFT World is getting more competitive every day, and you don't want to get left behind! Learn how to grow your NFT project: www.youtube.com/c/LevelingUpOfficial Connect with Us: Neilpatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu
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: 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.
✨ SUBSCRIBE TO THE OVERPRICED JPEGS CHANNEL ✨ https://bankless.cc/jpegs Our favorite recurring guest, Zeneca_33 is back for another Moment of Zen(eca) recap episode with Carly! The two analyze the massively successful Moonbirds project led by Kevin Rose. What does it mean for the space? And so much more! They also discuss Carly's exciting Amazonian NFT travel plans with the Nemus project team. Other hot topics and projects include: DeadFellaz, Akutars, World of Women, Yuga Labs Land Drop, Akutars, Alien Frens, VeeFriends Series 2, Cool Cats, MetaMask's PSA, and more! As always, we hope you enjoy this week's Moment of Zen(eca) with Zeneca_33 :) ------ SUBSCRIBE TO OVERPRICED JPEGs YOUTUBE: https://www.youtube.com/channel/UCgwYifaFPX3_FJe7MMWfmAg
Food, alcohol and sugar are all in the firing line for this convo.In Episode #291 of 'Meanderings' Juan and I discuss: our request for some feedback on our podcast, Kevin Rose and his latest NFT project, whether we can actually spot crypto scams, how Good Friday is a form of stoicism, what would happen if we enforced an arbitrary restriction on a whole country, the Mamut cookie in Mexico, the beauty of collaborative online art found on reddit, some cool tech goodies, why you SHOULDN'T listen to our opinion on hot gossip and our V4V pitch.As always, we hope you enjoy. Mere Mortals out!Timeline:(0:00) - Marketing feedback(1:19) - Sir Spencer poster(1:48) - Moonbirds(5:12) - NFT monies(9:12) - Crypto scams(12:12) - Self restriction on Good Friday(17:27) - No food and no alcohol(22:40) - How to cut out sugar(28:53) - r/place(32:40) - Animated QR codes and inchain crypto games(36:24) - Our thoughts on the Chris Rock slap(40:13) - Value for value Connect with Mere Mortals:Website: https://www.meremortalspodcast.com/Discord: https://discord.gg/jjfq9eGReUInstagram: https://www.instagram.com/meremortalspodcast/
Kevin Rose is pioneering the intersection between the NFT ecosystem and content creation. Kevin founded digg, the news aggregator site that innovated community-curated content in the early days of Web2. With a macro perspective on all things digital, Kevin has thrived as a builder and investor on the cutting edge of the internet. The recent launch of Moonbirds is shaping up to be the best NFT drop of 2022, with a flood of volume and lofty valuations. In this episode, we dive into why it worked so well, as well as the lessons learned and actionable takeaways. We also score some advice for Bankless as fellow crypto-native content creators! The premium of Utility NFTs is growing rapidly, and we're witnessing the growth in real time with innovative projects like Moonbirds that build upon previous successful projects. Aligning communities, creators, tokens, and value is how we onboard 1 billion people into crypto, and pioneers like Kevin are helping us pave the way. ------
This week the boys breakdown the move2earn web3 app, STEPN, which pays you to go for a run/walk, share thoughts on Moonbirds, the successful NFT launch by Kevin Rose's PROOF collective. And what happened to Netflix, CNN+ and should Netflix sell ads?Timestamps:0:00:00 – What We'll Cover + Guest vs No Guest?0:04:37 – Earn Money By Walking w/ STEPN (Move2Earn)0:16:09 – Where Does The Money Come From?0:25:15 – Moonbirds NFT, Kevin Rose & Where Jack Is on NFTs0:40:00 – Meme Of The Week0:43:56 – CNN+ Doomed + Netflix Decline & Should Netflix Do Ads?0:58:54 – Netflix vs YouTube1:06:50 – Elon Twitter Update1:12:53 – NIA First AnniversaryWhat Is Not Investment Advice?Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.Watch + Subscribe on YouTube:https://youtu.be/hNpL7p2QbO0Join our group chat on Telegram:https://t.me/notinvestmentadviceLet us know what you think on Twitter:@bzaidi@trungtphan@jackbutcher@niapodcastLinks Mentioned:Nat's thread:https://twitter.com/nateliason/status/1515065142232371216?s=21&t=Jd9BlChsd7kJBGdqpmjr3wRoute 2 FI thread:https://twitter.com/route2fi/status/1515049261498777600?s=21&t=X5Rgu9HTsXysdZHyH4A67g See acast.com/privacy for privacy and opt-out information.
This show was heavily focused on Kevin Rose's project Moonbirds from the PROOF collective. It's captured the attention of the NFT space over the weekend and actually broke records for single-day volume and 48-hour volume. We go in-depth into the project but also talk about what other things to look out for in the coming weeks in the NFT space. We also consider if this is the start of a bull run that is fueled by new liquidity coming into the market from Moonbirds. We even talk to a doctor and ask him some pretty funny questions about what it's like to be a doctor before diving into more NFT chatter. Tune in live every weekday Monday through Friday from 9:00 AM Eastern to 10:30 AM Buy our NFT Sign up for FTX Join our discord Check out our Twitter -- DISCLAIMER: You should never treat any opinion expressed by the hosts of this content as a recommendation to make a particular investment, or to follow a particular strategy. The thoughts and commentary on this show are an expression of the hosts' opinions and are for entertainment and informational purposes only. This show is never financial advice.