• Friend.tech: Genuine Game-Changer or Just Another Passing Trend?
•  

From the network

Cyber Bandit #3235 (Unique) 

Cyber Bandits is a project by artist Michael Reeder. Utilizing clippings from actual physical paintings and digitally rendered elements, Reeder has built a catalog of imagery to specifically be run through a generator to create the Cyber Bandits. 

• OpenSea Will Make Creator Royalties Optional for NFT Trades - Decrypt 
• Yuga Labs to Block NFT Trades on OpenSea Over Creator Royalties
• Federal Judge Confirms That AI Art Cannot Be Copyrighted
• Inside Sam Spratt's Cult of Luci and The Monument Game 
• NFT Platform Recur to Shut Down Despite $50M Raise and Big Name Backers - Decrypt  
• DeGods Leave Polygon, Move y00ts to Ethereum, and Return $3 Million Grant!
• The NFT Market Has Tanked. So Why Is This Major Hollywood Talent Agency Still Betting Big on Web3 Artists? 
• Bright Moments, Gotham to Host Live Minting of Nicole Vella's “If You Could Do It All Again”  
• 1kx leads $5 million seed round for generative art NFT platform fxhash | The Block  

• The token (XRP) itself is not a security.
• Ripple’s sale of XRP on crypto exchanges isn’t a securities offering.
• A token is completely separate from the investment contract. This is a legal thing the crypto industry’s been fighting for.

This potentially clears a road for NFT projects that issue tokens. 

Not a final ruling though, and Congress may weigh in…

SEC still targeting 68 other tokens as securities. https://cointelegraph.com/news/sec-labels-61-cryptocurrencies-securities-after-binance-suit 

• OpenSea Deals: Trade NFTs 
• Opepen Edition NFTs
• Jackson Pollock Studio’s NFT Project Mints Out in 32 minutes
• Moonbirds’ 200-day reveal
• Doodles Real World Play Camp in Chicago
• More Squiggles minted
• ApeFest to HongKong
• Floor App to Launch NFT Trading Apps, absorb 30% fees
• Melania Trump NFT may violate NASA policy
• Melania Trump Has Released an Apollo 11-Themed NFT That May Violate NASA’s Merchandising Policy
•  

• Azuki NFT collections ends Elemental mint with $37.5 million | The Block 
  • Angry Azuki Elementals Holders Unite to Demand $39 Million Refund, Lose Thousands More in Subsequent Hack 
• NFT Startup Autograph, Co-Founded by Tom Brady, Shifts Focus and Removes Crypto Language 
  • Dior Is Latest Luxury Brand to Embrace Tokenized Fashion—But Won't Say 'NFT' 
• Political NFTs Sneak into American Homes: Has Trumps 2024 Campaign Already Begun? 
• Fxhash 2.0 Debuts Ethereum Integration and On-Chain Minting
• Sotheby's launches blockchain-fueled program for generative artists  
• Beeple’s New—and Very Risqué—NFT Is the Artist’s First Work to Enter a Museum’s Permanent Collection
• An AI-Generated Nude Just Sold for $340,000. So, Why Are People Angry?

https://twitter.com/CirrusNFT/status/1669064880949985280 

“Someone just took a $14,500 loan on two Rolexes at 12% APR from a complete stranger all on-chain

The Rolexes were sent to an escrow company who then sent back NFTs representing ownership of the watches

The borrower can then use those NFTs to tap into global liquidity rather than taking a predatory loan at their local pawn shop

If they default? The lender can use the NFTs to redeem the watches

One of the most obvious and easy to understand use cases of NFTs”

This development has the potential to disrupt pawn shops and similar businesses in several ways:

1. **Greater Accessibility:** By tokenizing physical assets, owners worldwide can access liquidity, eliminating geographical barriers that exist with traditional pawn shops. This could potentially broaden the client base for such financial services.

2. **Fair Rates:** Traditional pawn shops are often criticized for their high interest rates and unfavorable terms. By contrast, the described DeFi system offers relatively low interest rates and transparent terms, which could attract individuals who would otherwise use pawn shops.

3. **Security and Trust:** The use of blockchain technology provides a transparent, secure, and trustless environment. This contrasts with pawn shops, where the value assessment can be subjective, and there's a trust risk in leaving your assets with a third party.

4. **Market Expansion:** Tokenization opens the door to a much larger market of physical assets that can be used as collateral. This could potentially disrupt pawn shops by offering a more extensive selection of accepted collateral.

5. **Efficiency:** The process of tokenizing assets and securing a loan could be more efficient and faster than traditional pawn shop transactions, which often require physical appraisals and paperwork.

As for NFT adoption, this development could be a significant boost:

1. **Real-World Utility:** NFTs are often associated with digital art or virtual real estate. By introducing a use case that involves physical assets, more people might see the utility of NFTs, thus driving wider adoption.

2. **Expanding Market:** By allowing physical assets to be tokenized and used in DeFi, the market for NFTs could expand significantly. This could attract more participants, including those who own valuable physical assets and are seeking liquidity.

3. **Driving Innovation:** This novel use of NFTs could spark further innovation in the space, with more types of physical assets being tokenized. This, in turn, could lead to more use cases, further driving adoption.

4. **Education and Awareness:** As news about these types of transactions spread, more people might become aware of NFTs and their potential uses. This could lead to a better understanding of the technology and its benefits, driving adoption.

5. **Integration with DeFi:** This development also highlights how NFTs can be integrated with other blockchain technologies like DeFi. This could lead to new synergies and drive adoption as users see the wide range of possibilities that arise from these integrations.

• SEC Sues Coinbase Over Alleged Securities Violations (Updated) 
  • SEC Labels 10 Tokens Securities in Binance Lawsuit
• MoonPay gave Hollywood celebs Bored Apes to promote itself: sources 
• Dmitri Cherniak's Ringers #879, 'The Goose,' Just Sold for $5.4 Million 
• Generative Artist Emily Xie Has Created a Series of 100 NFTs Based on a 100-Year-Old Quilt in LACMA’s Collection
• FEWOCiOUS Unlocks the Sole of NFT Art with Adidas Sneakers 
• Louis Vuitton Selling $41K NFTs That Can’t Be Resold
• Introducing the MVP Soulbound Token: Celebrating Exceptional Community Members

A New Frontier for Bitcoin? Recursive Inscriptions Explained     

• Nike Sells Over $1M of Digital Shoes 
  • Unleashing the Future: Nike and EA SPORTS Redefine Utility and Gaming with NFTs | NFT CULTURE 
• 3AC Grails Round Two: Sotheby’s to Host Largest Ever Live Auction of Digital Art 
  • Art Blocks Resurgence? Collections See Revival Following Sotheby’s 3AC Sale 
• FEWOCiOUS Unveils Stellar New 'FEWOS' NFT Collection 
• $PSYOP Creator Served Legal Notice via NFT from Law Partner
• Shaq Finally Served During Heat-Celtics Series... at Old FTX Arena - Blockworks
• Ubisoft Rabbids NFTs Hop into the World of Reddit - NFT Plazas   
  • Epic Games adds 20 NFT Titles to Level up its Roster 
• Bitcoin NFTs Gain Momentum with the BRC-721E Token Standard | NFT CULTURE 
• Fingerprints DAO Announces Maschine Collection in Partnership with Mercedes-Benz 

Wash tracking on cryptoslam https://www.cryptoslam.io/

• Dogecoin's Daily Transaction Reached Lifetime Highs After 'DRC-20' Tokens Introduced  

• Pudgy Penguins Releases Toy Line, Earns $500,000 in 48 Hours
  • Pudgy Penguins Raise $9M Amidst NFT Bear Market 
• The Block: Active NFT traders drops to lowest point since 2021 as FOMO wanes
• Bitcoin Frogs outpaces Bored Apes to become hottest NFT collection during past 24 hours  
• Checks Elements: Bridging the Gap Between Physical and Digital Art with NFTs 
• What is ERC721-C and Why Should You Care? 
• Ledger Seed Recovery Feature Raises Eyebrows 
• Transforming Dust Into Prizes: LooksRare's NFT Raffle Hits the Market - Blockworks 
• Moonbirds and Spotify Launch NFT Gated Playlist 
• Axie Infinity Rolls Out ‘Lite' Version of Crypto Game on Apple App Store - Decrypt 

• Fake virtual identities pose challenges for social media platforms and society in general.
• Sam Altman, CEO of OpenAI, conceived Worldcoin to serve as proof-of-personhood.
• Worldcoin aims to create a global ID, currency, and app for payments, purchases, and transfers.
• Users download the app, have their iris scanned, and are added to a database of verified humans.
• Worldcoin creates a unique cryptographic hash tied to the person's identity.
• The startup has received $125.5 million from investors like Andreessen Horowitz and Coinbase.
• Privacy concerns and biometric data security have led to public skepticism.
• Worldcoin is now under a parent organization called Tools for Humanity.
• The company aims to create the largest financial and identity system, preserving privacy and inclusivity.
• Worldcoin has 1.2 million users; it needs billions more to be effective.
• To gain momentum, the company is launching an SDK for developers to incorporate its tech.
• Critics question the company's objectives, technology, and potential use of the Worldcoin currency.
• Competitors exist, but Worldcoin believes its physical-world approach has advantages over online solutions.

NFTs can be used to authenticate an author by leveraging their unique properties, such as ownership, provenance, and scarcity. Here's a step-by-step breakdown of how NFTs can be used for author authentication:

1. Digital Identity Creation: The author creates a digital identity on a blockchain platform, which can be linked to their real-world identity. This could include verifying their identity through social media profiles, government-issued IDs, or other means of authentication.

2. NFT Minting: The author mints an NFT for their written work, such as a book, article, or blog post. The NFT contains metadata with information about the work, including the title, publication date, and a unique identifier (e.g., a cryptographic hash of the content). The author's digital identity is also associated with the NFT, proving that they are the creator of the work.

3. Ownership Transfer: When the author's work is sold, licensed, or transferred, the ownership of the NFT is also transferred, maintaining the work's provenance. This allows anyone to trace the ownership history of the work and verify that the current owner has the legal right to distribute or use it.

4. Verification Process: Readers, publishers, or other interested parties can verify the authenticity of the author's work by checking the NFT on the blockchain. They can ensure that the work is genuine, not plagiarized, and originated from the claimed author. This process can be facilitated by dedicated platforms or tools that make it easy to verify the NFT's authenticity and view the associated metadata.

5. Ongoing Updates: As the author continues to create new content, they can mint additional NFTs and associate them with their digital identity. This creates a verifiable catalog of the author's works, showcasing their legitimacy and building their reputation in the literary community.

Using NFTs for author authentication not only establishes a strong connection between the author and their work but also helps to protect their intellectual property rights, reduce plagiarism, and encourage responsible content creation.

Affordable project: https://metaverse.sothebys.com/   find artists and shop their other work. 

• Bitcoin Transactions Hit Record High as New Token Type Takes Off
• The Block: Blur, Paradigm devs unveil p2p lending protocol for NFTs 
• OpenSea Ex-Head of Product Convicted in NFT Insider Trading Case - Decrypt 
  • Blur NFT Volumes Have Cooled Since Airdrop, But It's Still Number One - Blockworks
• Sotheby's Metaverse: A Game-Changer in the NFT Marketplace | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art 
• Sports Illustrated Embraces Ethereum for NFT Event Tickets - Decrypt
  • LeBron James Spotted in RTFKT NFT Nike Sneakers 
• What Are xNFTs? The New Type of Token Behind the Mad Lads Craze 

The Block: Magic Eden to refocus on Solana after threat from Tensor  

Is Blur Backing Itself into a Corner? 

• NFT marketplace Blur to end double loyalty points offer, potentially impacting NFT ecosystem
• Blur overtook OpenSea as the top NFT marketplace by volume after launching its native $BLUR token
• Significant token rewards given to users, leading to increased trading volume and outperformance of OpenSea
• Concerns arise as a few of Blur's biggest traders influence floor prices of NFT collections
• Blur co-founder argues the success is good for NFT space, while others disagree
• Potential drop in activity and floor prices when double points reward system ends on May 1
• Some big traders exit Blur after realizing substantial losses in ETH
• NFT ecosystem braces for impact as Blur approaches May 1 deadline; questions regarding system sustainability remain

Elements

• Background on Blur
• Controversy and concerns
• End of double loyalty points
• Departure of big traders
• NFT ecosystem braces for impact

As the NFT ecosystem braces for the end of Blur's double loyalty points offer, the future of the platform hangs in the balance. While Blur has made waves in the NFT world and attracted pro-traders with its aggressive reward system, this strategy could ultimately backfire. The platform's reliance on a few major traders to drive trading volume and maintain floor prices has raised concerns about its sustainability. If Blur fails to adapt and implement a more inclusive, community-driven approach, it may struggle to maintain its dominant position and risk destabilizing the NFT market as a whole.

News

• Apple's 30% Tax Mandate on iOS Is Illegal, Judge Affirms—And That Could Be Good for Crypto, NFTs - Decrypt 
• Coinbase CEO Backs 'Stand with Crypto' NFT Campaign - Decrypt 
  • https://zora.co/profile/standwithcrypto.eth 
• ‘Honeypot Bitch’: How Mad Lads Tricked Bots Into Spending $250K on Fake NFTs - Decrypt 
• BAYC Creator Yuga Labs Scores Legal Victory in Ryder Ripps Lawsuit - Blockworks
• Moonbirds Fumbles 'Day One Diamond Exhibition' NFT Drop  

Cover Andrew’s presentation theme - data behind the NFT customer journey

News

•  SWOOSH Airdropping 106,453 Free OF1 Posters to First-Generation Members 
  • Nike’s multi-million dollar crypto push is here
  •  
• Starbucks Launches First Store Collection NFT Drop Web3 Culture | NFTs & Crypto Art 
• Canon USA to Launch In-House NFT Photography Marketplace
• Anarchy in Goblintown as Truth Labs Enters NFT Royalties Debate
• Roblox Adds Rare, Resellable Digital Items—But They’re Not NFTs 
• Mastercard and Polygon Partner to Create Groundbreaking Web3 Music Program  

Bored Ape down 8%

TRAINING DATA:

Vitalik Buterin considers that Ethereum’s most surprising use case is NFTs. He also acknowledged that NFTs or DAOs are extremely useful for diversifying real estate portfolios. He believes blockchain transactions should not cost over 5 cents per transaction. Additionally, he proposed that NFTs should be migrated to a layer 2 ecosystem. Finally, he regrets choosing his cofounders “so quickly and nondiscriminately”.

Style Vitalik Buterin is known for his clear, concise, and logical communication style. He often breaks down complex concepts into simpler explanations to make them more accessible to a wider audience. Additionally, he tends to be open-minded, patient, and respectful in discussions, often engaging in thoughtful debates.

About Vitalik

Vitalik Buterin is the co-creator of Ethereum, a blockchain platform for decentralized financial applications. He became the world’s youngest crypto billionaire at age 27 when Ether, Ethereum’s native cryptocurrency, first crossed $3,000 per coin in May 20211. As a child, Vitalik Buterin showed amazing skills in maths as well as programming and was regarded as a square peg in the round hole. He had this amazing ability to compute 3 digit calculations, twice as fast as any other normal child2.

Topic: Chatting With AI Vitalik About NFTs

As an AI language model, I cannot predict the future with certainty, but I can provide some insights based on current trends and potential future developments.

NFTs on Ethereum have already gained significant popularity and have seen a wide range of use cases, from digital art and collectibles to virtual land and in-game assets. The potential for NFTs is vast, and we can expect to see more innovative applications emerge over time.

In the next 10 years, the popularity of NFTs on Ethereum will likely be influenced by several factors:

1. Scalability improvements: As Ethereum continues to evolve and implement solutions like Ethereum 2.0, Layer 2 scaling technologies, and other optimizations, it may become more efficient and cost-effective to create, trade, and use NFTs, which could drive increased adoption.
2. Interoperability: Increased interoperability between blockchains and platforms could make it easier for users to move NFTs between different ecosystems, which could also contribute to their popularity.
3. Mainstream adoption: As more businesses, creators, and users become aware of NFTs and their potential benefits, we may see broader adoption across various industries, including gaming, entertainment, fashion, and more.
4. Regulatory landscape: The regulatory environment surrounding NFTs, intellectual property rights, and digital assets will likely shape the future development and popularity of NFTs on Ethereum. Clearer regulations could provide more confidence for participants in the ecosystem.
5. Environmental concerns: The environmental impact of NFTs and blockchain technology has been a topic of concern. If Ethereum and other platforms manage to address these concerns effectively, NFTs could become more attractive to a wider audience.

1. Scalability: Current blockchain networks face limitations in terms of transaction throughput and speed. Improvements in scalability, such as Ethereum 2.0 and Layer 2 solutions, can help handle more transactions and reduce fees, making the technology more practical for everyday use.
2. User experience: To attract a wider audience, user interfaces and experiences must be intuitive, seamless, and user-friendly. This includes making it easier to manage wallets, interact with smart contracts, and use dApps.
3. Interoperability: Blockchain networks should be able to communicate and interact with each other, as well as with traditional financial systems. Interoperability can facilitate the transfer of assets and data, making the technology more accessible and functional for mainstream users.
4. Security and privacy: Ensuring the security and privacy of users is essential for building trust in the technology. This includes developing better solutions to protect against hacks, theft, and loss of funds, as well as providing privacy-preserving mechanisms for transactions and data.
5. Education and awareness: Many people still lack a fundamental understanding of blockchain technology and its potential benefits. Increased education and awareness efforts can help break down misconceptions and make the technology more approachable.
6. Regulatory clarity: Clear and supportive regulations are necessary to provide a stable environment for businesses and users to operate in. Regulatory frameworks should balance the need for innovation with consumer protection and financial stability.
7. Real-world use cases: The development of practical and compelling use cases that solve real-world problems can drive mainstream adoption. This includes applications in finance, supply chain management, gaming, and many other industries.
8. Collaboration: Partnerships between blockchain projects, traditional companies, and governments can help integrate the technology into existing systems and expand its reach to more users.

By addressing these challenges and fostering an environment that encourages innovation, blockchain technology and cryptocurrencies can continue to mature and achieve mainstream adoption, leading to more widespread use and a greater understanding of their potential benefits.

Regenerate response

As Vitalik, I don't have a personal favorite NFT project, but I can highlight some interesting projects that have gained attention and could potentially have a meaningful impact on the space:

1. Decentraland: A decentralized virtual world where users can create, explore, and trade digital assets and virtual land. Decentraland combines NFTs with gaming and virtual reality, which might lead to new forms of online interaction and digital ownership.
2. ENS (Ethereum Name Service): ENS allows users to register human-readable names for Ethereum addresses, making them easier to use and remember. The domain names themselves are NFTs and can be traded on various marketplaces.
3. NFTs for social impact: There are projects that utilize NFTs for social good, such as those focused on carbon credits, biodiversity conservation, or fundraising for charitable causes. These projects demonstrate the potential of NFTs to create value beyond digital art and collectibles.
4. Async Art: A platform for creating programmable and dynamic art pieces, where individual elements or layers can be owned and controlled by separate users. This concept challenges the traditional static nature of art and opens up new possibilities for collaboration and interactivity.

It's important to note that the NFT ecosystem is constantly evolving, with new projects emerging that push the boundaries of what's possible. The projects I mentioned are just a few examples, and the space is likely to continue growing and diversifying in the future.

https://causewriter.ai/vitalik/ 

NFT News:

• NFT marketplace OpenSea aims to claw back Blur’s gains with 'Pro' platform, but whales unlikely to go back 
• Daniel Alegre Yuga Labs New CEO after 16 years at Activision-Blizzard
• Argentinian Airline Issues Every Ticket as an NFT
• FIFA Debuts AI-Powered World Cup Soccer Mobile Game, With Plans for NFTs 
• NFT DEX Helmed by Coinbase Alum Goes Live 
• MetaMask Browser Extension Enhances NFT Capabilities with New Tab and Improved User Experience
• Say Goodbye to Inscriptions: 'Stamps' are the new Bitcoin NFTs
• Andy Warhol Artworks to Be Offered as Tokenized Investments on Ethereum
• NFT NYC 2023 - Everything You Need to Know!   

Detecting wash trading on an NFT project can be a challenging task, but here are a few things NFT buyers can do to help identify potential wash trading:

1. Check the Trading Volume: High trading volume on an NFT project is generally a positive sign. However, if you see a massive amount of trading volume that doesn't align with the number of active traders, that could be a red flag.
2. Analyze the Transactions: Analyzing the transactions on a blockchain can provide insights into the activity of an NFT project. Look for large numbers of transactions between the same accounts or transactions occurring at irregular intervals.
3. Check the Token Holders: Reviewing the list of token holders can reveal suspicious activity. If you notice a high concentration of tokens held by a small number of addresses, that could be a sign of wash trading.
4. Research the Team: Do some research on the team behind the NFT project. Check their track record and reputation in the community. If they have a history of creating similar projects that were involved in wash trading, that should raise some red flags.
5. Check for Social Media Activity: Watch out for excessive social media activity around the NFT project. If the team is constantly hyping up the project and there's little substance to back it up, that could be a sign of wash trading.

News:

• At Least $37M Worth of y00ts NFTs Migrate to Polygon From Solana in One Day

• Ticketmaster Tests NFT-Enabled Pre-Sales With Avenged Sevenfold Tour

• • Real Estate Investors Buy Solana NFT Home for $246,800

• Amazon's NFT Plans Teased in a Receipt Mailed Friday Afternoon

• Amazon NFT Marketplace Could Feature Beeple, Pudgy Penguins - Blockworks

• NFT collector accidentally destroyed a $129k CryptoPunk

ROugh Transcript

[00:00:00] Day. You sound good. I'm leaving that in. I know. I sound good. Thanks. Oh, this we are, we live. We're rolling in, like I think this is what popular podcasts do. All right. Yeah. This week you sneaking how, how NFT buyers can detect wash trading on a given project. We know it's happening, but is it happening to us?

[00:01:07] I'm excited to get there, but first, I don't know. What are we seeing in the news right now? Andrew? Oh man, George, thank you. You, you put the, the news headlines together for us this week, so man, so I'm trying to earn my keep. Yeah, this is, this is big, but, ah, man, I, I've definitely been, been keeping pace with some of these.

[00:01:27] You got a couple that I, uh, didn't, didn't notice earlier, but man, we'll start off with Utes. Utes have migrated to Polygon 37 million worth. So this is, we talked about this a little bit, like what does it take to actually migrate and it does take active holder, you need to do something and. We've seen a, a large percentage, uh, of holders actually do that.

[00:01:55] Uh, I don't know. I'm trying to, I'm trying to formulate like what this means. It seems like you should just do this out of value. Of course. Is there something that we should be looking at in terms of a platform usage or, or network usage that you're seeing? What, what's your take on this? One is that I kind of see this almost like an N b A draft or whatever, N f NFL draft, right?

[00:02:20] Where, where projects actually can and are being lobbied by these L two L one s, what have you to, to move over and you better believe there's like somebody paying somebody for, for this. But you know, I. Think also, this is on the second hand, a vote of confidence or lack thereof when you are moving off of your main, uh, platform like Solana is Oh, yeah, yeah.

[00:02:46] Honestly, not the home of the largest projects. And if you want to become one of the largest projects is there. And then the other thing I'll say is it gives me a lot of faith actually in some of those, uh, tezos bets that we made with regard to artists there. Because one risk frankly is like, I'm betting both on this artist, this piece of.

[00:03:06] And Tezos in the future of that, something that, look, I haven't dug into enough, but if they're using these wormhole bridges to move from one to the other. That's interesting. Yeah. It, it is interesting here and I'm, I'm curious to see how this plays out. I, you know, as I mentioned, did not, uh, put the, the news headlines together here.

[00:03:25] Did notice one project that's actually migrated from, uh, ETH to Polygon and now to Arro. And I'm curious to see how much of this is sort of chasing the, the, the hot, uh, the hot L two. And you know, I hope that it is not that you know, I, I think that Polyon has a lot of features that that will sustain and.

[00:03:50] I can see that there's going to be a lot of attention on, on zk Rollups, on, on Arro just other L two s in, you know, in the nearby future. Yeah. Well, I wonder if also there's in the future where Ordinals are like, oh no, we've broken and been dis disinvited from the party at over, at, uh, at Bitcoin Central.

[00:04:10] So, overall, I'm bullish on these wormholes, though in the back of my mind. I do know that whenever you build a bridge, you. A hole for attack. And we've seen a lot of bridge based attacks. So I'm a little absolutely concerned of signing any contract like that. I'm not the first penguin in that pudge water.

[00:04:30] I'm skeptical and of, of the, uh, security of bridges in general. All right. Getting onto the next one. This one, man, this one's interesting. So we got Ticketmaster testing, NFT enabled presale. So this is this. Ticketmaster actually selling NFTs. This is a Ticketmaster allowing artists to use NFTs to grant access to.

[00:04:55] Pre-sales to early access to, to tickets. This has been, Ticketmaster has been in the headlines a lot recently with, uh, some of the problems with specifically Taylor Swift's concerts and how fast they sold out. I think most of them sold out before, uh, the, the actual public sale. They were all sold in the public, uh, in the, uh, pre-sale.

[00:05:16] And there were a lot of questions about how. The people that were deemed, uh, somewhat led longtime fans. I can't remember what the, the term was, but they used the term, there was a lot of questions about how they were determined. So I think there's, you know, ticketmaster's least responding here. It definitely not a company that.

[00:05:36] Would be, you know, that's, that's web three first. And it is interesting to see that they are, uh, dipping into nft Enable sales. So this is a Avenge seven full tour. Uh, was a little surprised to see that this band was touring. But then again, uh, you know, don't, don't pay that much debt to it. I dunno, what's your take on this, George?

[00:05:55] What do you, what do you see in here? I'm so excited by this, and it was like kind of floated under the radar a little bit. But think about it with regard to functionality for just a second. The question of why an artist actually can produce an N F T that has value is through the roof. Now, that one use case, the fact that frankly, ticket Master is a wash with freaking front running, little arbitrage monster.

[00:06:24] And guess what? If you wanna front run my favorite band, cuz I've been a fan for a decade and then upsell me cuz they charge too little at the right, wrong price and then make a vig all the way. Guess what? You have to be a holder like I was cuz I found my band. I bought the N F T and I can be rewarded like.

[00:06:43] What a ruthlessly pragmatic use case, and it's exciting. I'm shocked. I am shocked. Do that band early. Show it. Come on. Yeah. But then the band can offer value directly to those, those users. Absolutely. This is freaking perfect. Look, I, I don't expect this rollout to. To be perfect. No, and it's going to and it's better.

[00:07:07] We're moving in a good direction. Well, no offense to Avenge Sevenfold, but I think they're the lower bar of maybe not Taylor Swift in terms of testing, so Right. Hey Steve, it works. It's a great way to test. Yeah. Again, no, no, no offense to the band. I don't know much about them. I think it's great that they are, you know, they're definitely willing to test this out.

[00:07:29] I imagine that they had to, to agree to this. I hope they did. But very cool idea and I'm, yeah, definitely keeping tabs on this one. All right. This is, man, this is another one that has, this sparked a lot of headlines. This week. We've got a new real estate N F T platform. Uh, this is. Uh, home base. So they sold a home this week or this past week in Macallen, Texas for about 245,247,000 via N F T.

[00:08:04] So it's not the first N F t, it's not the first home sold via N F T, but this is, I believe, the first on. So, Well first on Solana, I believe also the first, that was actually the first platform was solely dedicated to that. I could be wrong, I thought the other platforms were more dedicated to non NFT sales and this, and those were sort of, uh, I don't know, like, you know, side project, uh, sort of acquisitions.

[00:08:35] But definitely interesting here. It's, it's, I've had a few people bring this up to me, uh, in the past week. You know, you mentioned the, I mean, even the feature of being able to be, uh, purchased in a a digital currency is a big, is a big thing. What they're doing here, I believe is actually owning the house with an LLC and then selling the N F T cause we still have the problem of.

[00:09:05] Legal ownership of a, of a home. Mm-hmm. Yeah. You know that that can't be done. You can't change that on the blockchain yet. I, I, you know, I don't expect that to change anytime soon. And there are still ways to sort of incorporate existing laws with, you know, again, this is with trusted intermediary, so you know, there are problems.

[00:09:26] It's not perfect and it's interesting. Yeah, I mean, we see fractionalized ownership as a other possibility here when you have that N F T to be able to, to chop that up and, you know, in the good old traditional real estate fiat world we had. Mm-hmm. You know, I think it's like what Picasso trying to do that among others who are like, all right, you 10 people own this thing.

[00:09:48] This may be a bit different if you have like 10,000 owners. I don't know if you all. 20 seconds of home ownership, but probably works differently. Stop by, take a picture. Use the bathroom. You have, you have bathroom rights on Tuesdays and Wednesdays.

[00:10:06] All right, so we've got some news about Amazon's NF t plans. We discussed this recently that Amazon has n F T plans. There's been a bit more that has come out recently. Uh, there is basically a leaked email saying that there will be the potential to resale, uh, to resell the tokens or these, these digital assets that you have.

[00:10:31] There's not a ton of information here as it. I mean, it, it legitimately looks like a, a leaked email here. Did you have a read of this one, George? Yeah. They're just saying like, the opportunity to like resell is being like limited, something's being locked. So there's kind of be some sort of, it seems like initial drop, so maybe there's like an access token.

[00:10:53] I am complet. Way, way, way overreading into this. But what we are seeing is like snapshots into like Amazon Pay with transactions built into it seems like the interface and integration with Amazon Digital, uh, pieces. So, Look, I am not throwing the party for mass adoption, even though this article is like really hoping for it.

[00:11:15] Fine. Yeah, I don't see that. But look, it, it's not getting stopped. It's certainly not taking the path of like Facebook's metaverse that is no longer doing metaverse, but still is meta. Right? So one thing I note, uh, you know, I've noticed about Amazon is if you try to get a, if you, if you were to return, you get the option to either get the refund in.

[00:11:39] Amazon balance or back to your credit card and you know it's equal value and they will give it to you a lot faster. If it's Amazon balance. There's similar things with if you get the delivery At a later date, you know, they'll give you a dollar credit or, or, or something, you know, digital media of credit.

[00:11:58] But they are definitely trying to do these things where you have credit within their ecosystem. I can absolutely see a play here towards making that more of a unified ecosystem where those credits can be valued across, uh, multiple platforms where they are. Right now. Right now it's, it's, it's a single pla, like it's a single usage.

[00:12:23] Most those incentives take. Gotcha. Yeah. Well, the last one I found, I mean, I saw it. I saw it on Twitter. It made my heart hurt. I felt so bad. But here, here's why I'm pulling this out. An N F T collector accidentally destroyed $129,000 crypto punk. Oh yeah. And. This is particularly sad because frankly this is like being run on like cnbc.com and so right now, like this is the kind of thing that brings N F T into the mainstream.

[00:12:55] Like the, the, the articles we're talking about are like coming outta like. Coin desk or out of, you know, like, uh, you know, decrypt in our ecosystem, this C N B C, not our ecosystem. This is what the public's view of NFTs really is. It is a hot mess where even people that know their stuff lose their stuff.

[00:13:16] So this is just the sort of like cold water on frankly, anybody who thinks like, Hey, the user. Experience is fine the way it is. Like it's just not, it's not the one it,

[00:13:29] yeah, that's a good point. W w I just don't even know what to say. There's so much to be done for user experience in web three. It's, oh, man. It's, it's frustrating. There's a lot of potential. I guess I should look at it that way, right? Yeah. Lot of upside. And you know what? Frankly, if you are, you know, a holder of crypto punks, you just got that much more rare.

[00:13:55] I'm like, at this point, how many get accidentally burned? You know, if you're moving stuff. Well, I mean, with crypto, if you doing stuff, test something with a different wallet, a different, like, I mean, I don't play at that level, but I mean, I have a couple NFTs that I would be, I wrapped in, I had a punk, I wrapped a.

[00:14:12] It scared. I mean, it scares me thinking about that. And I also don't quite understand how you, uh, you don't understand how you burn into it. Address book. It's, it's, it's really too bad. I, I, you know, peop you know, mistakes happen. That sucks. Yeah. There it is. Right? Like, and at certain point, like, you're like, oh, it's on you.

[00:14:29] You made a mistake. It's on you. Like, how many times are you gonna say that? You're like, no, it's really on the ux. It's, it's just not where it needs to be for people to be moving around this level of asset. So heart goes out to you fella. Yeah. Start with, look, if you're listening to us and considering purchasing your first N f t that is a punk, I'm gonna say reach out to us.

[00:14:53] We'll help you. Don't do that. We'll buy something else. I'll sell you something for a lot, a lot less. Okay. Hit me up. Buy a moon cat. How about that? Discord And wrap the moon. Cat. Go wrap that moon cat. I got a deal for. Yikes. This is not financial advice brought to you by, we don't have an affordable project this week.

[00:15:15] We're, uh, they're all affordable. They're actually some, I'm, I'm looking at that recent art blocks thing. I think there's like some shopping to be done coming up. I think, oh man, this is actually one other piece of news art blocks coming out with their own marketplace. This is, this is big. I. For the, the generative art marketplace.

[00:15:33] So we've seen all the problems with not even problems. We've seen the, I should shouldn't say, just problems. We've seen the wars with royalties, with, with platform fees. Art block is coming out their own, their own platform for secondary sales. I think this is going to take a good percentage of the, uh, art block sales.

[00:15:56] We'll see what happens. Archipelago. Another attempt at being a marketplace for, uh, generative art, sales, never fully caught on. I think this has more potential because it is from PL and there's a really dedicated community there. It's sort of where I. Was able to get a lot of traction with my dashboards early on, and I know how feverish that community can be.

[00:16:21] So I am, I'm, man, I'm definitely watching this one and, and curious to see how this goes, to see what, uh, what sort of fees develop there. Open sea. Is not focusing on those fees right now. I mean, even talking with people there, they are focusing on minting fees. So, you know, there's a platform that's trying to, to, to do something a little bit different.

[00:16:47] I, I, I'm, I'm curiously where these platform wars end, I think we're far from, from settled. I'm still skeptical of blur being the, the, the king as everybody seems to be, to, to be crowning it right now. And man this. Uh, I think it'll be more, uh, more of a shake up than, than maybe people are letting or, or people are, uh, predicting right now.

[00:17:11] Yeah. I, I think you have a much better pulse on the art blocks marketplace opportunity. Uh, I just, I just dunno how you compete with zero fees, but maybe there's, Additional experience elements. Maybe there's like a custodial holding where you protect somebody's assets. I, I, you know, I don't know. Yeah, I don't, I don't, I don't look, I don't know entirely how it's gonna go, but I think there will be incentives and look, a lot of people do things with the, the promise of maybe something happening in the future.

[00:17:46] All right. Yes, the scene, oh, that in mind there was a rumor of a mask token going around this week. A a meta mask token that has been dispelled, unfortunately. Didn't see a few dashboards pop up. I don't know if, if anybody's still hoping. It seems like those have been dispelled, so I think we can move on now to our, to our project.

[00:18:08] Would you have for us this week, George? The pro. I mean, I don't have any projects. Here's what I was gonna say. I'm watching these recent, uh, I'll say like one ETH projects that Kevin Rose was highlighting on his podcast. Mm-hmm. And he was like, his affordable is one eth mine is like Hmm. Point two, 0.1.

[00:18:26] Yeah. But I'm curious, anything that he sees sort of value in at this point and then sort of watching the, the normal hype cycle go up and come back down. So far, every time we have talked about. Wait, watch and see it drop. Like it, it happens. So. Oh. Huh. We haven't been wrong. No, we haven't been wrong. We haven't been wrong in our estimates that you should wait and watch the number, number go down and then go shopping.

[00:18:54] So, uh, I'm kind of like waiting on a couple of those. I'm like doing this sort of like picking up the trash of like two weeks later off of Kevin Rose's recommendations to see like price and luon. Because there's quality somewhere in there, certainly with artists, and if he's hyping that artist once, they may have it again.

[00:19:09] But, uh, yeah, that, that's like my, my current thought. Anyway, we are talking about wash trading, how to identify it. And just to be clear, yeah. We've talked about recently, right? It's what we discussed this recently, like what is actual wash trading? I think it's, man, this is, Good, good topic here cuz we, it has come up in recent episodes and it's hard to define.

[00:19:40] Yeah, well you know, it depends on who you talk to cuz I don't even know, like technically they say like, you know, in February we had that huge bump and it was up 126% versus the previous in terms of activity happening on X two. Why do blur looks rare And we, we saw and have speculated. Potentially, you know, according to certain researchers, like what one in five transactions I've seen anywhere from 20 to 40% quoted as being wash traded.

[00:20:09] I think it can be difficult. Technically what we're talking about, it's market manipulation and it's when, uh, you know, someone basically trades with themselves to like one wallet to another, to artificially inflate the price, give this illusion of liquidity. Of a little bit of that FOMO drive up. And then once at a certain point, everyone, you know, gets the signal, then they begin to, to dump on the public once they think it is a, a project on the run, and it's.

[00:20:39] It seems very hard to stop and we see a lot more of it. So here's the question, like, yeah, yeah, yeah. I'm looking at a project, someone listening is looking at a project. Mm-hmm. What are some of the elements that we're looking for to identify wash trading, to set off a little pattern recognition for us.

[00:20:59] You mentioned earlier volatility. Volatility in general, spikes in activity are a pretty good, uh, indicator. I, if you see something that shoots up abnormally from where it was, that's a pretty good indicator that there's something inor abnormal going on now. I can't say that that's, you know, a hundred percent true if there is something, you know, if something shoots up, you know, we also know that there's a lot of cases in NFTs where there's a news of, if you own this, you'll get X airdrop whatever, you know, some something of that sort.

[00:21:37] So there are cases where it just happens, you know, but definitely it's worth looking at when there's volume spikes. There's a, one of the issues that I see. That the reliance on volume as a metric of, of, of, of leaders, of dashboards, uh, is very easy to to game, especially when you have, when you can do these wash trades that really don't cost much, especially if you put the, when we've got 0%, uh, platform fees.

[00:22:11] If you can put in 0% royal. Uh, you know, you're not really. You know, really it doesn't really cost anything to do this wash trading, and it can get you to the top of many different leaderboards across different, different platforms. Crypto Slam recently did a, uh, did analysis of the wash trading that is happening on blur and found, found much more than what was being at attributed to wash trading than some of the.

[00:22:42] Some of the other researchers out there, and it's not saying those researchers are wrong, I think it's just that their methodology was maybe outdated compared to what was being done on blur. There's things change over time and incentives definitely drive, uh, behavior and I think that we have to keep that in mind as you know, as these incentives are put out.

[00:23:07] The behavior will change and adapt to, to maximize their, those rewards. Yeah. So you're mentioning here like what, what we can do here is like check the trading volume, and so here are the triggers. You have high trading volume, fine. However, if you see a lot of volume that doesn't match with the number of active trader.

[00:23:30] That's a flag. So you're looking for not just high volume, but high volume of unique wallets as far as you can tell, and you're absolutely right. This is on the rise too right now because frankly, back when we started this podcast a couple years back, you know, the gas fees would chew you up. And so if you're out there thinking you're, oh, I'm totally scamming got, you're paying a per a hundred dollars triple digits all the time.

[00:23:57] That was what the norm was, right? And now we're seeing, oh, I got excited when I saw something under like, oh, $90. I'm pulling the trigger 20 right now. I'm like, when I see 80, I'm like, man, there's something crazy going on. And that. My, my gas fees used to be on current affordable projects. Ency crashed regularly anyway, that way.

[00:24:21] So there you go. Here's your trading volume. So it's volume versus unique traders. Here's another one. You can analyze the transactions. A bit and just like look at the activity of the project and you are looking for those large number of transactions between the same accounts. And you can kind of eyeball this almost, right?

[00:24:39] Like, is there a clever way to do this, Andrew?

[00:24:41] I mean, I know you've created dune dashboards, right? Where you could put in a project and you can kind of look at the, the top traders. Is there a way to see like, oh, it's between these two? No, honestly, folks more clever. Openly has really good, uh, mm-hmm. Charts on this at this point. Open C'S Incorporated Great charts right in there.

[00:24:59] Gem has some different ones and, you know, gem being owned by openly, it's actually different, but I found that those are so much more, uh, accessible and useful. There's so much more accessible than, than many that are platforms Now, I don't go to a lot of the dashboards that even I set up and, and created, uh, because most of the information I, I need is right there at this point, and.

[00:25:24] That's, I mean, it's, it's great. You can look at things like, so when we're looking at those, when I look at those, I'm looking at things like how many, you know, at, at the top holders, at the, uh, how many are owned by the top holders? What those, like who are those top holders? Looking at the recent activity there's.

[00:25:43] Yeah, if you haven't played around with that, that, that, uh, tab definitely check into that one a bit more. It gives a pretty good overview of, of the, uh, collection at this point. Yeah. And another one here is look for, and we talk about this, the, the weighted distribution of ownership. So if one wallet owns more than.

[00:26:07] A number of percent. Like as soon as you start talking about owning like 5% or more of a project, like massive alarm bells should be going off. Especially if there's a cause that person can move that market very quickly. The team being paid, I think that's, again, they're holding like, like that's lockup.

[00:26:24] Like, you know, I think there's a different thing there that can actually be good. I'd say if they aren't selling, but the second they start selling, that's, that's a bad sign. Right. Yeah, it's a very bad sign. Uh, alrighty. Uh, you can research the team. You mentioned the team. You wanna understand who they are, their track record.

[00:26:47] We have talked about this ad nauseum when you're analyzing a project, but again, if they are that anonymous team, which we do not love, and you can't tell whose wallet is, who's in there, uh, they probably have a, his, you know, a history of creating these project. Have a strategy behind wash trading that hypes and then drops on the public market, right?

[00:27:08] Because their job is to design something that looks good off the bat, has confidence, but is anonymous and they have enough wallets to move things around. And you know, it's a i, I think it's a rinse and repeat. I think there are digital teams running this play again and again and again. Right now. I think there are, and I think there are plenty.

[00:27:30] Named agencies, teams, backers doing this as well. I've, I'm, unless I'm, unless against the, the AAN teams, if they have a track record, if you can prove that you've done something I've seen plenty of cases of, of non and on teams being yeah, like here's my, my reputation in a, an adjacent area like trash removal, and now I can do crypto NFTs.

[00:28:00] Yeah. Yeah. I mean, I, I wanna see a track recording crypto. I mean, I think there's a lot of ways, I know there are a lot of ways to prove yourself without actually, you know, operating, you know, operating a contract that. You know, millions of funds or even hundreds of thousands. There are ways to prove without doing that as the first step.

[00:28:22] Alright, a final one here. I don't know if you have others beyond it, but I really like this one because it is the anti signal. Basically, check social media for the project, and if you see it pumping on like Twitter, not even pumping, but just a lot of chatter on Twitter. About the project that's like just excessive or spammy and like, you can tell now, which sort of like profiles are, are junk.

[00:28:50] Like if you see that type of hype on social, like give a search for, I'd say run, don't walk, follow, see people you follow, keep that that filter in mind when you do these searches and see if it's actually people that you're, that you're confident in. And if they're talking about it, you know, maybe that's.

[00:29:07] Story, but see what they're saying. I have definitely found that, oh, I found that I get a lot more dms from people pumping things and then look at like, who they're, you know, almost, they're not followed by anybody that I know. Like that's a pretty good rule, even though they have a good following. But.

[00:29:27] Ah man. There's always new scams out there, right? Yeah. Well, it depends on the day, but I think that's a good, I think that's a good way to look at it with those different options, you know, as we, uh, get to the end here. I don't think we're gonna have time for Vitalik again this week. I know, I know.

[00:29:43] He's been waiting in the waiting. He's waiting. He's like on the line right now. I just, you know, uh, maybe I'll send him a moon cat M&M's only and I just dunno if we can do that. No, I can't. I don't have the technology for that. All right, well, I will see you out there and leave a, leave a rating. Leave a review.

[00:30:04] We love those things. Later, later.

• Currently,  NFTs are digital assets that can be bought, sold, and owned like traditional assets such as stocks, bonds, and real estate.

• Generally speaking, short- and long-term capital gains rules and rates of 10%-37% apply. NFTs are taxed like other forms of cryptocurrency - as property, subject to the corresponding capital gains schedules.

• The IRS is considering changing NFTs to collectibles, which are taxed differently from traditional assets.

• Net capital gains tax on collectibles can be as high as 28% for high earners, compared to 15-20% for securities and other goods.

• To determine whether an NFT is a collectible, the IRS uses a "look-through analysis" to examine the associated right or asset and classify it accordingly.

• "Look-through analysis" is a tax classification method used by the Internal Revenue Service (IRS) to determine how to tax certain assets that are held within another asset. In the context of NFTs, the IRS has suggested that NFTs could be classified as collectibles if the associated right or asset is a collectible. This means that the IRS would look through the NFT to determine the underlying asset or right that it represents and tax it accordingly based on the tax classification of that underlying asset or right. For example, if an NFT represents ownership of a stamp, and stamps are classified as collectibles under US tax code, then the NFT would also be classified as a collectible and taxed accordingly. The look-through analysis is aimed at ensuring that NFTs are taxed at the correct rate and according to the correct classification on an investor's tax return.

• The IRS and Treasury are currently accepting public comments on NFT tax guidance, with official guidance expected to be issued after June 19, 2023.

The recent notice from the Department of the Treasury and IRS proposing higher tax rates for most NFTs classified as collectibles can have significant implications for the NFT market and its participants. Here are some potential impacts:

• Decreased demand: Higher tax rates may discourage potential buyers from purchasing NFTs, leading to decreased demand in the market. This can lead to lower prices and decreased liquidity.

• Increased complexity: NFT taxes can be complex, especially for those who are not familiar with tax laws or NFTs. This can make it more difficult for NFT creators and traders to navigate the market, and potentially lead to decreased participation.

• Uncertainty and volatility: Uncertainty around NFT tax regulations and potential changes can create volatility in the market. This can lead to price swings and fluctuations, making it difficult for traders to accurately assess the value of their holdings.

• Appraisal challenges: Appraising the value of NFTs can be difficult, especially when they are first created. The proposed tax regulations may require NFT creators to seek out professional appraisers to determine the fair market value of their assets, which can be costly and time-consuming.

• Potential for innovation: The proposed tax regulations may encourage NFT creators and traders to develop new models and structures to minimize their tax liabilities. This can lead to innovation in the NFT market, potentially creating new opportunities and revenue streams.

Overall, the proposed tax regulations may have both positive and negative impacts on the NFT market and its participants. It remains to be seen how the market will adapt and evolve in response to these changes.

Examples:

• You purchased a CloneX avatar for 3 ETH when ETH was $4,000 (for a total purchase price of $12,000).

• You later sold it for 4 ETH when ETH was $4,500 (for a total sales price of $18,000).

• You recognized a taxable gain of $6,000.

News:

• • Total NFT Wash Trading, 2022-2023 | CoinGecko 

• Blur NFT Marketplace Under Scrutiny For Possible Market Manipulation

• CryptoPunks Surpasses Bored Ape Yacht Club in Market Cap

• SEC Serves Coinbase in Latest Alleged Crypto Securities Violation - Blockworks
• Lawsuit Against Sotheby’s and Kevin McCoy Dismissed
• SOCKS on Fire: PleasrDAO to Burn Unisocks Tokens, Real Socks Too - Decrypt
• Magic Eden Launches Ordinals Marketplace for Bitcoin NFTs - Decrypt
• Nike's NFT Air Force 1 Will Be Officially Released in Real Life    
• NFT Art 
  • Trevor Paglen: Pace Verso x Art Blocks /
  • Painter Lee Mullican’s Computer Works From 1987 Are Part of a New NFT Collection, Dropping on the Digital Art Space Feral File 
  • Sculptor Maya Lin Will Release Her First NFT Project, a Generative Art Series Based on the Root Systems of Trees, This Spring     

Theme: NFT Bank Run

If you had to find a store of value in 4 projects what would they be. As bank books are in question and depositors flight to safety lets play what if with projects. 

We asked an AI… As an AI language model, I cannot provide financial advice or investment recommendations. However, I can give some general information about NFTs as a potential store of value.

NFTs are a unique digital asset class that have been growing in popularity as a collectible and investment opportunity. While they are still a relatively new and volatile asset class, some NFT projects have shown strong price appreciation and could be considered as potential stores of value. However, it is important to note that the value of NFTs, like any investment, can fluctuate greatly and there is no guarantee of return.

That being said, here are four popular NFT projects that could be considered as potential stores of value:

1. CryptoPunks - One of the earliest and most popular NFT projects, CryptoPunks are unique 8-bit characters that have become highly collectible. Some CryptoPunks have sold for millions of dollars, and the project has shown strong price appreciation over time.
2. Art Blocks - Art Blocks is a platform for generative art NFTs, which are created through algorithms rather than by individual artists. The platform has gained popularity for its unique and visually stunning NFTs, some of which have sold for significant amounts.
3. Bored Ape Yacht Club - The Bored Ape Yacht Club is a collection of unique, hand-drawn ape NFTs. The project has gained a significant following and some apes have sold for high prices.
4. Axie Infinity - Axie Infinity is a blockchain-based game that allows players to collect and battle creatures called Axies. Axies are represented as NFTs and can be bought and sold on various marketplaces. The game has gained a large following and some rare Axies have sold for significant amounts.

Again, it is important to note that NFTs are a new and volatile asset class, and investing in them carries risks. It is always recommended to do thorough research and consult with a financial advisor before making any investment decisions.

What does the banking collapse of three of the largest crypto-friendly banks mean for NFTs? The banking collapse of three of the largest crypto-friendly banks could have both positive and negative impacts on NFTs. On the negative side, it could create a sense of uncertainty and instability in the crypto market, which could lead to decreased investor confidence and a reduction in the overall value of crypto assets, including NFTs. Additionally, if investors are forced to sell off their crypto holdings to cover losses from the bank collapse, this could also put downward pressure on the market for NFTs.

On the positive side, the collapse of these banks could also highlight the need for decentralized finance (DeFi) solutions, which could benefit the NFT market. DeFi platforms are built on blockchain technology and provide a decentralized alternative to traditional financial systems. By using DeFi platforms, NFT creators and collectors could potentially bypass the need for banks altogether, which could reduce their exposure to the risk of bank collapses and other financial crises. Furthermore, if DeFi platforms become more widely adopted, this could lead to increased demand for NFTs, as they are a unique and valuable asset class that can be traded and exchanged on these platforms.

https://opensea.io/collection/the-starbucks-siren-collection/analytics https://waitlist.starbucks.com/#/register

News:

• Meta ‘Winding Down’ NFT Efforts - Blockworks
• Yuga Labs' Summoning Is Here: Everything You Need to Know   
• Yuga Labs’ first-ever bitcoin NFT collection ‘TwelveFold’ auction raises $16.5M in 24 hours - SiliconANGLE 
• Square Enix's NFT Game Is The Worst Thing I've Ever Seen
• Was NFT Artist Wrong to Think She Could Be Exhibited at the Louvre? 
• This Whale Sells 500 Moonbirds NFTs on BLUR Taking Massive Losses
• Doodles 'No Longer an NFT Project' and Won’t Cater to Speculators, Co-Founder Says - Decrypt
• Playboy Accepted Ethereum As NFT Payments And Ended Up losing $5 Million    
• Fortnite's Epic Has 'Close to 20' Crypto Games in Store Pipeline - Blockworks 

Hype for ERC update “Shanghai”? What is ERC-4337? ERC-4337: What Ethereum's Latest Upgrade Means for NFTs | nft now 

ERC-4337, short for “Ethereum Request for Comment 4337,” is an Ethereum upgrade that enables account abstraction. In simple terms, account abstraction allows Ethereum wallets to act as smart contracts.

That means each crypto wallet can have customized authorization logic to meet the needs of individual users or applications. This upgrade was proposed by Ethereum co-founder Vitalik Buterin and others in September 2021 and announced at ETHDenver on March 1, 2023.

About ETH Denver

https://www.ethdenver.com/ 

https://www.youtube.com/@ETHDenver “ETHDenver is a Community-Owned Innovation Festival. February 24 to March 5, 2023 

With the genesis of SporkDAO in June of 2021, ETHDenver became the first event DAO in the world. All event proceeds are used to #BUIDL value for our community and to realize the decentralized future. 

‍

2023 is #TheYearOfTheSpork! The SPORK is the go-to tool that the Bufficorn family uses in their everyday lives. They are versatile tools used for digging, eating, defending, playing, and especially.  Our goal is empowering the Web3 community to shape this new world while cementing the Rocky Mountain region and the state of Colorado as a thriving hub of Ethereum and blockchain innovation.” 

• Project: Gitcoin Presents  - advice wait for hype to settle and price to bottom then consider: https://opensea.io/collection/gitcoin-presents  https://opensea.io/assets/ethereum/0x363c5dc3ff5a93c9ab1ec54337d211148e10f567/3002 

• NFT News

• • Amazon NFTs Will Be Tied to Real-world Assets, Token Possible
  • Neal Stephenson Celebrates 'Snow Crash' 30th Anniversary by Auctioning Sword with NFT, Manuscripts - Slashdot 
  •  
  • The Block: Yuga Labs bitcoin NFT auction concludes amid complaints about its method 
  • AI Artist Claire Silver’s Latest Collection to Premier at the Louvre
  • Fidenza #724 Stuns with $440k Sale as Christie's Auction House  
  • The Block: Getty Images to release first NFTs from archives with Candy Digital 
  • The Block: Jimmy Fallon asks to be excused from testifying in Bored Ape trademark case
  • Miami NFT Week Returns to the 305 in March 2023
  • CryptoPunk NFT bid funded with 527,000 once worthless testnet ether tokens  
  • Vitalik Buterin Has an NFT Collection? Quadratic Funding Drop Pulls In Millions |  Decrypt  
    • https://opensea.io/assets/ethereum/0x363c5dc3ff5a93c9ab1ec54337d211148e10f567/3002 

[00:00:20] Yes, this is, this is good to, good to read you. Yeah. Metaverse you. That's ran. And uh, by the way, this is some, uh, hot three A N F T swag. Uh, we don't sell it cuz we don't really care about monetizing anything. By the way, we should note that, uh, Nico's not sponsoring this cause again. Look, we're too lazy.

[00:00:40] What? No, we're just, look, we we're pre-revenue. Okay. , this podcast is pre-revenue. We make all our money on affordable NFTs, right? Yeah, right. Just look at our project. We're only down 20% year over year, which is not bad. I'm gonna open this. What do we have in the news? Yeah, why don't you get this bottle open.

[00:00:58] We'll get to some news here. So, uh, one, let's see the first article that we've got here, first. Item is about unis. Swabb SWA has enabled traders to buy NFTs, uh, via their aggregator using any, uh, token, any Ethereum token. Uh, as, as most opens, sea traders may know, uh, there are limited options of what you can transact with on, uh, on the seat platform.

[00:01:24] And it is limited to what the, uh, the lister actually. Um, when they list the item, this is enabling people to use any token, unis swap, mostly known as a decentralized exchange. Uh, we'll actually do the exchange, exchange the tokens, and then make the purpose for you. Do you wanna say one thing to look out for you here?

[00:01:46] Especially in, uh, sort of those long tail tokens that have a lot of liquidity, you gotta watch out for, uh, for how much the price may change. Um, Is, um, as your token is, or as the token is purchased. So just check out what the price is. You know, you should be able to get a preview before you enable it, but I think this is a cool, uh, a cool feature that you can sort of bypass the, the step of having to go change your tokens into Ethereum to then buy the token or buy the NFT that you want.

[00:02:17] You can go straight from, from your, uh, doge. to an NFT now. So bypass, uh, the, you know, make it a little bit easier. Well, hold on. I think there's another phase here that I think is important, which is the fact that as a Doge holder, , and one that is technically positive on the trade, I don't have to realize a capital gain.

[00:02:38] Mind you going, unless there's something I'm missing in how this transaction works, this capital gain moment where I'm like, oh, I'm gonna move. Doge win into something so I can finally bone up on those moon cats. It's a good point. I, I think this would happen within the unis swap contract. It's not happening on your wallet.

[00:02:54] So that isn't hap that isn't changed just as long as Uncle Sam can't see this, like in inter step, whatever. I mean, there's still liquidity moment, but there's not like two of them between like that like realization moment. So maybe I don't fully, I mean, again, that gain is realized as soon as I transfer that into the nft, but it's not a step and then a step which can make it extra.

[00:03:13] All right, and speaking of regulation, we've got some news about an MBA top shot, uh, lawsuit. Um, that's a case that's moving forward. Uh, the judge here has decided that these NFTs, the top shot NFTs, can be considered securities because the flow blockchain is, uh, privately owned. Um, but. Uh, expectation of profit there.

[00:03:39] So, uh, interesting. This case is moving forward. It's not decided yet, but, uh, you know, doesn't look good for , uh, for, for the top shot NFTs. And, um, you know, basically non, um, maybe non-public blockchains, non-public centralized blockchains with tight control essentially have, I think this type of liability that is always undercurrent because again, if it's.

[00:04:05] Decentralized, the security enabled by the sheer existence of it. Gasbys paying for that. You know, like obviously we're Ethereum Max's, I'm, I'm huge on, uh, the old polygon. But again, with with flow company fail chain fail, that is unnerving to me. Yeah. Yeah. . Um, yeah, I think I'll continue to stay away from there.

[00:04:29] Although to be fair, that's what got you started this whole it did thing. Yeah. It got me in. I have some top shots rolling around somewhere. Alright. Blur is continuing their airdrop, the, the NFT marketplace that is in a major battle with open seat right now. So they're now offering, this is the season two of their air traffic.

[00:04:50] They're now. Uh, rewards for not just using their platform, but for actually de-listing on the open C platform. . Yeah, so it's it's, hold on, hold on. If I have something currently listed on just hypothetical confer, take not Gameness, but Gameness I de-list from Open Sea and then I re-list on, on Blur. Yeah. I think that's, that's what the, that's what they're, they're trying to test the loyalty I have.

[00:05:21] Some rumors that there, that may not be entirely, uh, up to par with, with laws, um, in that you can't, you can't necessarily disincentivize the use of competitors, from what I understand. Not, not my area of expertise at all, just what I've heard from other, from some others. Um, so interesting man. But this is, I love to see in the every day there's something new between these.

[00:05:47] Look, the, the day has finally come. We've talked about the negative side of how I'd say open C frankly, you know, phoned it in for a number of years in terms of what they were really value delivering. Right? What kind of upside for the two point x percent that they were taking, like, Uh, my big thing is like no manner of insurance or protection on, you know, what they're putting on that platform, allowing these scam projects on.

[00:06:15] I know it's impossible to police everything, but you know, it's impossible taking millions and millions of dollars of profit and not like providing top level service. And guess what? That's the beauty of competition and to the other side. Like, I'm sure blur's gonna have other things that are gonna bug the shit out of me.

[00:06:30] Yeah. And so if you have this anti Yeah, like, Anti-monopoly type of undercurrents going on. Can Microsoft technically pay people to go stop using search and go use that? I mean, yeah, I could see some problems maybe. Yeah, that's, it's definitely interesting how Val's going about it. I, uh, you know, I think that they are, I mean, they're, they're, they said as much that they're really targeting the, the high volume, the, the high end or the, the top, uh, users in the FT space.

[00:07:02] You know, it looks like there's really about 500 traders that are making up a big, big chunk of their volume, and they are offering the tools that those traders want right now. And like you said, opens seat has, uh, you know, they've kind of fumbled that leap. They haven't done much to, to capitalize on, on that huge market share advantage that they had.

[00:07:21] And now Open, I mean, blur has seen up to 70% of the volume recently, uh, after the. Uh, asterisk con volume. Anytime we talk about volume, it kind of drives me nuts because of, I mean, you had our guest on about wash trading and the ability to look at it, and you're doing some analytics on this, but yeah, this is, this is taking up wash trading.

[00:07:41] I mean, again, it's, it's small number of users. Um, it's a small number of users. They're really going after the, you know, those, those high volume users. And hey, we know the, the space is relatively small, so you can get 500 of those top traders. It's sign. In the, uh, market share and, and the volume overall.

[00:08:00] All right. Let's see what else we got here. We've got, oh man, Bitcoin still, still going with these, the, the, uh, the nft. Have you checked this out yet? Have you gotten back into Bitcoin or, or into Bitcoin at all with, based on these ordinals, I have not gotten, here's the thing, I, I don't even think I'd own any Bitcoin at all.

[00:08:20] I think I did back in the. Uh, when I probably should have held it, but I am a little turned off by the toxic nature of that particular community. I'm excited the fact that they're trying to see if this can be used for another purpose, but I think betraying the north star of what that platform was built for is going to cause incredible amounts of problems on the network, but maybe force them to do more intelligent things with the lightning.

[00:08:50] I don't even know what that really means, , to be honest. I'm like, I don't know. Yeah, I, I don't know enough about that yet. More space on block, but right now, those blocks were not built for the JPEGs. Yeah, I know. There, I mean, it seems like there are wallets coming along to make, to be more ready for trading NFTs on the Bitcoin network.

[00:09:09] It still seems like it's, it's not really the ideal place to be doing this. It's, there's also, there's a lot. , uh, a volume going through, uh, emblem vaults, which are basically bridging these nft, these Bitcoin NFTs back to Ethereum and wrapping them. So that's, then you can trade these. So that's what cross layer one bridges for NFTs or something we've talked about in the past.

[00:09:41] That makes sense ish to me. And there's like some sort of like, To go. I mean, look, I think some of the, one of the most ridiculous ones I think was seeing like a board aid being bored. A being burned to go to, to make it an ordinal, to then be wrapped as, as a RA token to be able to be traded on open city.

[00:10:03] That's a human being who's got a little bit too much money. Yeah. Or I don't know. Who knows? But yeah, it's, it's, there is technology coming along, so I don't think it's going. , uh, let's see. This is, oh, this is one. We, we, big one, we've got YouTube. The new CEO has been named and the CEO is big on Metaverse. On NFTs.

[00:10:26] Um, you know, we've, we've seen, uh, this, the Polygon, uh, the head of gaming at Polygon came from YouTube, um, and. Uh, you know, wasn't sure, we weren't sure exactly, you know, how involved they may be in this space, but this, uh, new CEO is talking pretty big about NFTs and, and the metaverse. So, um, you know, we're seeing that convergence of web two and web three, and I, I think this is, uh, going in line with that.

[00:10:52] Adam, no, no comment on this. I'm particularly interested in the next news item, so I'm just excited for this next one coming up. Actually, I've just been like waiting for this one. All right, well, here we go. So you were appoint to go to the, the. The Proof conference. The proof conference. Were you, let's call, let's freaking call man.

[00:11:08] Let's moon bur Oh no. Oh boy. Oh, no. Conference canceled. What's going on, George? What have you. This is, this is what you've been so excited about. I, I, alright, hold on, hold on, hold on. First off, I never am excited about somebody who has put energy excited to talk about into a project. I am actually deeply sad about this because it is a project that I thought had originally the potential to rival.

[00:11:32] The Yuga Empire. Right. And I am, I'm all about that. And competitors, and I actually didn't mind Kevin Rose as far as like his content and his approach to the community seemed genuine. And there may be things that I like along the way we would've like done differently. I think though, with his conference, the rubbers meet in the road a little bit.

[00:11:53] And essentially what happened is the conference put out there for proof coming up in May has been officially canceled. They were charging 1.5 E. For non moon bird holders, 0.75 eth for moon bird holders. Notice the not zero number there. So with um, with things like I think the most successful one, Gary Vs.

[00:12:17] Right. V Friends, you got three years of conferences up front and he is, he delivers. Wow. That's freaking delivers. You pay zero, you go to. That's now that, that's fine. But what his initial sales were looking like were, were not anywhere near maybe where he needed them. Now, here's the thing also, like, you know, we're, we're recording this in February, March, April, may.

[00:12:42] The, the truth is when you run a conference and I've had sort of like windows into conferences is like you're in the trough of sorrow, despair, and confusion. Right about now when you're like, when is everyone gonna buy it ticket? No one's gonna. . And to be honest, I'm also smelling a little bit of crisis of faith with Kevin Rose.

[00:13:01] Not like totally understandable, he just had his entire account for the most part, except for some old crypto punks totally scanned. He kind of, I, I think morale is low. And this kind of comes back to when you are buying an NFT project built on cult of personality. Understand what you. understand where the point of failure is, and it is a single human being.

[00:13:30] Their motivation, energy, and willingness like that is what so many projects are built on. The willingness of a leader to push forward. And that is a single point of failure. And like somebody who had, I'll just say this, not gotten their entire bag stolen. may have said, I'm gonna double down and change some things like, I don't know, maybe offer free entry for anyone with a moon.

[00:13:54] and suddenly you've got people in the room, what can you do? Figure out other sponsors and ways to monetize. Like, I I just say, like speaking as an entrepreneur, I have a separate world where I have a company and when things don't go well, I try harder. like, you know, I, I, yeah. It's, it's surprising, uh, you know, on the latest podcast, uh, he, he didn't, um, Kevin Rose wasn't on that one, and it seems like maybe he has, he isn't quite as, uh, invested in.

[00:14:23] In this space or in the company. Understand it was, and you know, I understand from a personal perspective that is difficult to have those, you know, have those assets taken. And I also think it's, you know, it's wrong to say that that's, that it's because of the space. You know, we know that there are. Issues here, but you know, it is, I I would certainly be, uh, feeling let down as a holder.

[00:14:46] I mean, we've, we were looking at the price there and those proof prices have come down. I think they're a little over 15 e Yeah, they start the year at around 40 E They're down there. The moon birds are now hovering about six E or so. Looking at another telling thing is number of moon birds un nest. has dropped by like 600 or so, which doesn't sound maybe like a lot, but considering how high that previously was, it's like, it, it's, it's tough because once the foot dominoes start to fall, it takes a, a real sort of hard momentum shift to, to move it back.

[00:15:21] So we'll see. Um, we'll see. Yeah, absolutely. All right, well we got, we got through our, our new pieces. Um, all right. So look, uh, I don't know. I don't have an affordable, affordable projects of Inca. How about that? Look, we'll decide, right? There's still minting. You can get one for 0.3 as far as I saw on the website, right?

[00:15:43] Yeah. Well, secondary, you can give one point 17. Uh, but hold on with, with the unclaimed wine point ones seven. With unclaimed wine, this is important because we have claimed our wine . There are 7.07 if you were to go for this. Be careful. Yeah, yeah. Yep, yep. Be careful because I think outside of that, we, we have essentially what with ACO bought into a light, like, you know, a wine club.

[00:16:10] It was a wine club, right? Yeah. We're we're Wine Club. Wine Club. We're wine Club , NFT owners, wine club members. But frankly, they, they showed up. I had two bottles show up. Um, I, you know, I staked them, put 'em there. This is a 2013 from Russian River, NFT bottle number. 48. Yeah. You notice that this is, it's a three digit.

[00:16:31] Yeah, that's a three digit. It's a three digit. I'm surprised he's willing to, to let us open it. I assume it's gonna, you know, have that little extra, and again, not sponsored by Vinco. No. Welcome. Any call. Go ahead. Call us up. You know where to find us. Three nft.com. Yeah. So if, if you, if we talked about this when these did come out, the aco, uh, nf.

[00:16:57] Does give you access to go to their, to a winery in the Napa area. We haven't been to that. Um, looks like it would be cool, but, you know, definitely takes a bit of, uh, extra coordination and, and time to, to do that versus just, uh, you know, cleaning the wine online. And so this is us drinking an nft. This is drinking an actual nft.

[00:17:22] I, I do, I'm excited about this simply because like, , I R l and there's an online component to it. It feels different. Um, although I'm gonna go ahead and say this is the most expensive bottle of wine. Yeah. Yeah. I mean, I have membership. Membership, right? It's a membership. I didn't buy this one, but hypothetically,

[00:17:41] Yeah. Like I said, we haven't been up to this winery, or we haven't, we haven't gotten any of the other perks out of this. I'm not, I'm not saying that this isn't worth it. We haven't tasted it. It is the most expensive wine that I have purchased. If we are just going based. , uh, how much the aft was in these two bottles of wine, so, okay.

[00:17:59] Uh, I'm not used to like explaining what I'm uh, doing, but that it's a Russian River Pinot Noir 2013. Hopefully that was a good year. I'll say words like smells, full body doesn't smell weak. Very robust. Pinot off the nose. Those are, those are good sounding words. Go along with life.

[00:18:22] let me see what chat g p t can tell me to say here about this wine. Okay, hold on. So I'm picking up, um, hints of blockchain, a little bit of I Ethereum. Oh, that's definitely me. Little bit . Do you know how long I've been waiting to make that joke? I'm so pleased with myself. Oh, man. Well, you know what's weird is it's a 2013, so, you know, I don't know if that's Yeah.

[00:18:46] Really feasible. Is this, so here's what's awesome. These grapes were essentially. put into this bottle before the sheer idea of NFC came about. Right? And so I have to hand it to them for sort of being like, Hey, uh, what if we went all in on this? They had actually coverage in Forbes about being the first n ft winery.

[00:19:09] And what's interesting is like, I, I like this, by the way, this is very too, I'll say more words about the wine, but it's good, frankly, it, it is what I expect for a high quality pinot noir, right? I mean, it performs close to like a cab in terms of flavor. I'm picking up. I I really can't tell you that I would, that I can tell the, there's very fine wine and a very, and a good wine, but know what wine.

[00:19:33] I know what a bad, like what a very bad one is. I can tell you that. And this is not bad. So this is, hold on, we'll show you. Chase, like we have video. I mean, if we choose to use the video.

[00:19:45] Yeah. There we go. I'm getting, I'm getting ransom in the, in the, the shot. So I've seen a number of other companies doing this. We've talked about, uh, The, uh, whiskey that you've, that you've got at your, your bar, your acting, oh, the monkey. I got my monkey shoulder, by the way, by my bags monkey shoulder, only 0.07 right now.

[00:20:08] I can claim that whenever I want. Right. And it is an interesting use, um, where the producer or you know, someone trusted it's holding the asset, um, while you get the nft, makes the asset tradable without actually needing to. Uh, possession of it, which also gives you a, I mean, it should, as long as the, the establishment know is, is trustworthy, it should give you a more peace of mind that you're actually getting what you say is, or what they say is on the, uh, , on the label.

[00:20:38] Um, it is a big pro, a problem with, uh, with, um, high-end wine with, with high-end liquors. Um, then it's often not, I think it's up to 40% of, uh, The, uh, the, some of the high end wines are actually counterfeit. So you can see why this could, uh, help or how this could help in, um, reducing the counterfeit wines out there.

[00:21:03] I'm just kind of going through the, uh, other benefits here. So, good thing IRL events, like, I don't know, our events, uh, members only tastings across the globe, so they're like putting those. I mean, Napa Valley is kind of like where I would probably go to, but they talk about having things in Bordeaux and you know, luckily for us it's not that far away.

[00:21:21] It's still, you know, it's still a, we have online educational wine site, virtual tastings. Hmm, okay. Perks. Uh, when it's minted discount price on wine library, discounts on hotels, concierge services, full access to VIP experiences at our properties in Napa Valley. I feel like we've gotta go over. I think we might have to, we might have to make a trip up there.

[00:21:45] Do another podcast from, there's gonna be a Dow of good old Dow governance. Hundred percent. Yeah. Gotta have a Dow. I'd be like, more wine please. Um, but coming up in q3, it seems, uh, they're crossing off these things. 2023, uh, there's a champagne release coming in. Q1 ship custom NFT wine label release distribute into three tier.

[00:22:11] Look, they've got a roadmap going all the way to 2024. There are some redacted pieces in here, so they're, you know, editing as they go. Do we ever get, uh, fanny packs or is that not on the line? , this is a deep cut. Sorry. . Are you, are you saying we don't, we can't keep, look, I'll just be honest. If Kevin Roser to send out some, some wine right now, that might smooth things.

[00:22:31] Talk about a momentum shift. Oh man. . But like, honestly, look, you could. a wine club, and like you come in, you buy a bunch of bottles of wine and like that's your entry fee. This, if I wanted to sell and get out of this, there is a marketplace for it. And guess what I mean? Assuming you don't use one of those royalty free, you know, no, no creator fees, like they would actually get money by transferring that subscription.

[00:22:55] However, the downside of this fluid subscription system, which makes me a little nervous, is the fact that if it. by new members only. So I want to cancel my subscription. Those are usually, that would be burning the NFT in i r L in real lane. Right. I get rid of my subscription. Some new, new comes along, they pay full, full freight up front.

[00:23:17] So there's that. Yeah, and we've seen this before. I think we've talked about this with the wgm i.io. Yeah. Model. You know, it is similar in the sense of, you know, you're selling something once upfront and then trying to just take a small cut. Of, of the, the trades after that, while most of the fees are really just going to the original holders or traders, it is a difficult model.

[00:23:40] Great. You know, it seems great as a holder, you know, that being said, the result is often the price is is going down. Yeah. One thing I will say, this is, this is excellent. Um, very smooth on the fruity side, performing well. Definitely enjoying this. Listen to you. You sound like a . I feel like I'm gonna say, so drink with wine.

[00:24:01] I'm drinking the, I'm drinking my NFT wine. I gotta say like for the NFTs that I had bought that like ultimately like go, go sideways. Like I have spent 0.3 eth, technically 1.5 ETH could 0.15 E cuz I could sell my subscription still for some amount. . Um, I've spent dumber beat. Oh, right. Yeah. I mean, we've got something.

[00:24:23] This is a real thing that happened cuz I click buttons on the blockchain. That's right. I kind of enjoy that . I kind of enjoy that. Here's what I will say, where, um, if Vinco ever watches this, here's where they're messing up because they haven't created scarcity and because it's like an open mint and still allowing it to go on.

[00:24:42] I feel like you could do a lot better with like, all right, there's a. There is, Hey, you have to buy on secondary and be like, oh gosh. And, and suddenly you can play with some of that, um, to build up, um, the, the aura of that membership. You know, you look at, yeah, I don't think that you need to tie those necessarily directly to the number of bottles that we're supposed to be allocated to members.

[00:25:07] There's a lot of ways that you could use the assets of the, the bottles and that limit the number of, uh, memberships. I think that that could add some value. , and frankly we've seen this with, with any mint that doesn't sell out quickly. It's hard to get momentum going after that. You know, there is a physical product and they are moving along and have something in it.

[00:25:27] But I also, I think you're right in that there isn't quite enough scarcity to the, the NFT portion of this at this point. Yeah. And I think that's because, you know, you're treating it like a, a, a wine club, right? Where you're able to kind of come in and say like, Hey, you can be part of this wine club if you.

[00:25:45] X number of bottles and pay your annual dues and that sort of thing. Like, I actually don't know. I, I don't join wine clubs. . Yeah, I . I don't either. As I've been told and based on a few Google searches, that's what's going on. So I, I think one I'd run, scarcity, I would say they're doing a lot with the, you know, community perks and things like that.

[00:26:07] Even the idea that like, oh, I could potentially go to this place. Like, I kind of like that and. . Yeah. Uh, it's good wine. I'm pleased withholding it. Uh, I'm not gonna buy any more. I'm gonna look for probably opportunities to see what kind of discounts it actually gets on it. Cause I currently, I think, own two of these

[00:26:30] Cause I, yeah, I have a buy two. Hey. All right. Well, uh, this has been a live episode. Anything else? Yeah, our first, our first we did, uh, video episode ta, you know, doing our wine tasting here. Oh, it's been fun. Subscribe cuz that's what people say on YouTube. Yeah. Yeah. And probably we're not gonna do many videos, so get used to that little bouncy line, uh, that, um, that shows our voices.

[00:26:54] But hey, thanks for listening. We appreciate it. All right. Bye everyone.

Which brands are sponsoring ETH Denver and what does it mean for NFTs? https://www.ethdenver.com/

It is important for brands to continue building NFTs even during a bear market for several reasons:

NFTs are still a relatively new and rapidly evolving technology, and brands that invest in them early will have a first-mover advantage when the market rebounds. By building NFTs and experimenting with them during the bear market, brands can gain valuable experience and insights that will give them an edge over competitors who wait until the market recovers.

Building NFTs during a bear market demonstrates a long-term commitment to the technology and to the communities that have emerged around it. This can help to build trust and loyalty among early adopters and enthusiasts, who are likely to remain involved in the space even when the market is down.

NFTs offer a unique opportunity for brands to connect with audiences in new and innovative ways. By creating NFTs that reflect their brand values and identity, companies can engage with consumers on a deeper level and create a sense of community and shared ownership.

Finally, the bear market may actually present an opportunity for brands to acquire NFTs at a lower cost. By buying NFTs during a market downturn, companies can potentially acquire valuable digital assets at a discount, which could provide a significant return on investment in the future when the market recovers.

7 Reason why brands may choose to build

1. Unlock new revenue streams: NFTs can provide a new way for brands to generate revenue by creating limited-edition digital assets that can be sold to collectors.
2. Engage with fans in new ways: By creating NFTs, brands can offer fans a new and unique way to engage with their favorite products and characters, increasing their emotional connection to the brand.
3. Promote brand loyalty: Offering exclusive NFTs to loyal customers can help increase brand loyalty and encourage repeat business.
4. Showcase creativity and innovation: Building NFT projects can be an opportunity for brands to showcase their creativity and innovation in a new and exciting way.
5. Reach new audiences: NFTs can attract a new audience of tech-savvy collectors and investors, providing a new way for brands to reach and engage with potential customers.
6. Collaborate with artists and creators: Brands can collaborate with artists and creators to develop NFT projects, providing a new platform for artists to showcase their work and creating unique content for the brand.
7. Future-proofing the brand: By embracing NFTs, brands can position themselves as forward-thinking and innovative, future-proofing their brand and staying relevant in an ever-changing digital landscape.

• Project: 

• NFT News

• • NFT Marketplace Blur's Token Reaches $500M Trading Volume After Airdrop
    • $BLUR Stimulus is here 
    • Blur CEO urges creators to 'block OpenSea'
    • Blur NFT Marketplace To Be Valued at $1 Billion USD
  • OpenSea makes changes to fees following tension with Blur    
  • Napster buys web3 music startup Mint Songs 
  • OpenSea Halts Trading on Rihanna Music NFTs - Decrypt
  • Amazon Goes All in on Web3 with SUPERPLASTIC Investment | NFT CULTURE
  • Starbucks Polygon NFTs Are Already Selling for Thousands - Decrypt
  • DigiDaigaku’s Super Bowl Ad Baffles Viewers, But the Free NFTs Are Still Selling for $700  
  • Words With Friends Creator Previews Wildcard NFT Game on Polygon
  • NounsDAO Unveils Exciting New NFT Comic Book Series 
  • NFT Influencer Cozomo de’ Medici Donates 22 Digital Artworks to LACMA 

1. A clear and concise explanation of what NFTs are: The ad should explain NFTs in a way that is easy for the average viewer to understand, highlighting their unique characteristics and benefits.
2. A memorable and impactful visual: The ad should feature visually stunning and attention-grabbing graphics, animation, or imagery that captures the viewer's imagination and conveys the excitement and potential of NFTs.
3. A call to action: The ad should include a clear call to action, encouraging viewers to learn more about NFTs and how they can get involved in the market. This could be in the form of a website, social media account, or other promotional material

Ideas: 1. The emotional appeal of the timelessness of the art. Passing it down to the next generation The uniqueness and rarity of NFTs, highlighting their scarcity and value as collectible items.

2.The democratization of art ownership through NFTs, allowing anyone to own a piece of valuable and authentic digital art.

3. The investment potential of NFTs, emphasizing their potential for appreciation in value over time.

4. The environmental benefits of NFTs, highlighting the reduced carbon footprint and resource usage compared to traditional art.

Maybe… not call them NFTs. maybe call them #Ownies  :P

• Project: 

• NFT News

• • Hermès Wins NFT Trademark Lawsuit 
  • Jack Butcher's Checks NFT Collection Overtakes BAYC Trading Volume
  • Ordinal Punks emerge as leading Bitcoin NFT collection
  • Game Changing NFT Drop Offers Equity Share in Hit Rihanna NFT Track   
  • Why A.I. Artist Refik Anadol Was the Real Breakout Star of the 65th Grammy Awards 
  • Punks in the Pompidou: Yuga Labs donates second CryptoPunk in three months 
  • A Second US Property Is Sold Via NFT, Roofstock Says 
  • Proof Collective's Ex-COO Ryan Carson Accused of Unethical Dealings with Flux Fund Announcement 
  • Giannis Antetokounmpo NFT Sells for Record-Breaking $187K on Sorare NBA - Decrypt
  • Walmart Files For New NFT, Crypto Trademarks Through Sam’s Club - Tokenist
  • Def Jam Teams Up with Catalina Whale Mixer Launch an NFT Band 
  • Super Bowl
    • Reddit and NFL Drop Super Bowl LVII Collectible Avatars
    • Limit Break's Super Bowl ad will give away thousands of NFTs to gamers | VentureBeat    

1. Dump: In this phase, the market experiences a rapid sell-off and prices for NFTs drop significantly. Investors who bought NFTs at high prices are eager to get out and reduce their losses, leading to a glut of NFTs on the market.
2. Capitulation: In this phase, the market reaches its lowest point, and the majority of investors have lost faith in the market. This is when the market is considered to be the most oversold and investors who remain are the most risk-tolerant.
3. Bottoming Out: In this phase, the market starts to show signs of stability and prices begin to level off. Investors who have been waiting on the sidelines start to enter the market and take advantage of the low prices, marking the start of the next bull market.

The NFT bear market can be compared to the bear markets of traditional assets such as stocks, bonds, and commodities. A bear market is characterized by a sustained downward trend in asset prices, often caused by economic, political, or market-specific events. Just like in other asset classes, a bear market in NFTs is a normal and expected part of the market cycle and provides an opportunity for investors to buy low and potentially sell high in the future.

NFT bear market coming to an end can include:

1. Stabilizing prices: The downward trend in NFT prices starts to level off, and prices begin to hold steady or even increase slightly.
2. Increased buying activity: There is a noticeable increase in buying activity, indicating that investors are starting to regain confidence in the market.
3. Increased demand for NFTs: There is an increase in demand for NFTs, especially for high-quality, unique, and rare NFTs, which can drive up prices.
4. Positive news and developments: Positive news and developments in the NFT market, such as new partnerships, collaborations, and projects, can help to revive investor confidence and drive up prices.
5. Bottom fishing: Investors start to take advantage of the low prices to buy NFTs that have been oversold, which can help to drive up prices and mark the end of the bear market.
6. Someone buys Ponderware - mooncats to the moon :P 

Note: These are general signs and market conditions can vary, so it's important to do your own research and stay informed about the NFT market.

YTD 

• Project: 

• NFT News

• • The Block: Coinbase NFT says it’s 'pausing drops for now' 
  • Web3 gaming company Limit Break to air Super Bowl commercial with NFT giveaway | Ad Age
  • Twitter Killer Nostr Apple App Store - Bitcoin Magazine 
  • Industry Divided as NFTs Arrive on Bitcoin Mainnet - NFT Plazas
  • Mastercard's NFT Lead Exits, Selling Resignation Letter as NFT - Decrypt
  • Proof Unveils Artists Behind Grails III NFT Collection
  • The NFT Community Reacts to the Rise of Open Editions
    • NessGraphics Open Edition NFT Generates $2.2M Upon Sale 
  • The Block: NFT marketplace Sudoswap's airdrop is now live
  • Manifold Announces Plans to Monetize Their Platform 
  • NFT Funded Film Calladita Wins Top Prize At Sundance
  • EBay Hiring Multiple Web3 Roles Following NFT Marketplace Acquisition
  • Canto NFTs are so hot right now

Theme: 8 Ways that BAYC Could Go to 0ETH 

• Loss of interest in PFP NFTs: If the overall market for the brand “NFT” loses interest, the demand and value of the Bored Ape Yacht Club NFT collection could decrease significantly.

• Scandal or controversy: Any negative publicity or scandal involving the creators or holders of the Bored Ape Yacht Club NFTs could lead to a decrease in value.Legal action against Yuga for unpaid celebrity endorsements then cascades into distrust for brand. 

• Lack of scarcity: If the creators of the Bored Ape Yacht Club NFTs overproduce the collection, it could lead to a decrease in scarcity and therefore value.

• Competition: If other NFT collections similar to the Bored Ape Yacht Club become available, it could lead to a decrease in demand and value for the Bored Ape Yacht Club NFTs.

• Hosting infidelity. Some technical error or core Yuga hack causes holder loss.

• Brand hijacking by an extremist group. Making a BAYC mascot for a white supremacist.

• SEC action on $APE or financial scandal.

• Creator fees to 0.

• Project: Friendship bracelets Friendship Bracelets by Alexis André - Collection | OpenSea 

• NFT News

• • The Block: Moonbirds creator Kevin Rose hacked, at least $1m in NFTs lost 
  • Porsche NFT trading volume nears $5M despite launch woes, minting halt
  • The Block: Amazon planning new NFT initiative: Blockworks
  • NFT collector sues OpenSea for locking account after being scammed
  • Why Are Nifty Gateway’s Founders Leaving Gemini? - Blockworks
  • Backed by Jay-Z, Web3 Hardware Startup Spatial Labs Raises $10 Million - Decrypt
  • StoryCo Raises $6M - socaltech.com

Art Blocks Announces an Official Partnership With Bright Moments  

Type of NFTs up, down, flat

• PFPs
  • Down (except yuga)
• Games
  • Flat, to up based on blockchain going into mainstream gaming companies
  • https://dappradar.com/rankings/category/games 
• Music
  • Flat, we need to see larger wallet adoption to overlap with listeners
• Events/Poap
  • Up. Watch out ticketmaster 
• Corporate 
  • Up. 
• “Art”
  • Up/flat. Marketing tools and ability of artists is going up. 
• Sports
  • Down.   but bullish on NCAA nft 
• DAO/Financial
  • down
• Fashion/wearables
  • Up. 

Other trends:

• 1 new project a quarter topping $10M in launch and initial activity
• YUGA drops from top spots in top 10 with only 2 projects remaining (punks/Apes)
• Polygon dominates as layer 2 upgrade to ETH comes, this crushes other layer 
• ETH guesses
  • $2,400 EOY and high of $3,500
  • Punks - 80ETH vs 90ETH 
  • BAYC - 60TH vs 50ETH

• Project: https://collectibles.bankless.com/genesis 

• NFT News

• • • Yuga Labs' Sewer Pass NFT Collection Nets Over $6M in Sales in Just Hours 

• Blocks Blur, Sudo

• • The first “Bored Ape” NFT game costs $2,300+ for three weeks of play
  • Hack via malware served by Google Ads 
  • SFMOMA Acquires Their First NFT – ARTnews.com
  • Beeple Teases an Event 3/11/23 (Likely in SC) | NFT CULTURE  
  • Rarible Unveils NFT Marketplace Builder That’s 100% Free
  • Optimism Blockchain Sees Surge in NFT Mints - NFTgators 
  • First National Geographic NFT Launch Meets Massive Backlash, Technical Issues - Decrypt
  • The Tribeca Film Festival Adopts VIP NFT Passes   

• Tis the season to be poachings, Polygon won this without having the highest bid
  • Polygon Paid y00ts NFT Collection $3 Million to Leave Solana - Decrypt 
• Did initial headlines/narratives mislead people to thinking Polygon was chosen organically?
  • https://magiceden.io/marketplace/y00ts?activeTab=stats
• Reasons to leave Solana?
• Who else might be targeted?
• What happens to these assets - are they bridged?

• Warning this is a scam: https://opensea.io/collection/the-rugradio-origin-reveal-pass 

• NFT News

• • China state-backed NFT trading platform to launch on Jan. 1 
  • Fanatic sells 60% stake in Candy Digital amid ‘imploding NFT market’ 
  • The Block: Early Facebook investor and Proof CEO Kevin Rose signs with Hollywood's UTA: Exclusive 
  • Logan Paul's CryptoZoo NFT Game Accused Of Being A Scam: What Happened? 
  • Manchester United accused of copying work of NFT artist DesLucrece 

ApeFest Severs Ties with NFT NYC

Rough summary

[00:00:00] audio1487909992: Today on all about affordable NFTs, we're talking about the NFT draft season when platforms compete for projects, so we'll get to that in a little bit, talking. Talking about how Polygon made some moves in, uh, the 2023 draft season, which I didn't know was a thing. Anyway, Andrew, how's it going? How's the break?

[00:01:05] What's new in your wallet? Happy, happy New Year, George. Good to Happy New Year. Good to talk NFTs again. I feel like, man, it's, it's been been a little bit longer than usual since we talked, and man, I am, I'm lost in the nft. It's taking, it's, it's taken me, you know, I've been up all night trying to just study to what's been going on to get ready for this podcast.

[00:01:24] Well, I have to hand it to you. You officially accomplished something that we thought was just out of the realm of what we would do, which is an outsider interview. You brought in a couple experts, so if you've been listening, go. Past two episodes. Past two episodes, we had some great guests on. Uh, and really from that data perspective, uh, I liked how they were looking at the actual data profiles of, you know, hos versus flippers and how you could actually like see some of those things from, uh, from their different dune dashboards.

[00:01:58] So thanks for doing. Yeah. Finally got the, those, those first interviews on. You know, if you have been listening, you may have noticed that, uh, that we talked intro wasn't quite accurate until now. Now we can say that we've had guests on, so we're good. Yeah. To, to a year. Let's not, let's not raise it. Uh, all right.

[00:02:18] So what's going on? What's, what you've been active in, in your N F T trading? Any, anything going on in your wallet? What's up, George? Well, I'll say I did some end of year aggressive, so the biggest thing in my wallet really was end of year aggressive harvesting. Just like good, taking a hard look at the things that frankly just didn't perform.

[00:02:36] I pruned them and. It looks like I accidentally pruned a little too hard. I left one, uh, floating out there. Rug radio, which we'll we'll talk about today. There, there's a rug radio re reveal pass, so, uh, looks like I accidentally sold that for 0.1 below the floor. So, uh, it's been exactly 10 days before making a mistake in N F T trading this year.

[00:03:00] I think that's a new record for me. 10 days is, yeah. Yeah. I mean, pretty good. It hasn't doubled yet. I Exactly. I can't listen into this. Hey, if it was one of you, if it was one of you who bought it, you know, because you know how things go when George sells. It must be going up. Um, oh God, please, please again, if you want hot tips.

[00:03:19] Uh, it's like the, uh, I'm like the, the, the Jim Kramer of this stuff where it's like, if I'm doing the thing, just go the opposite direction and you're in a good. The reverse portfolio , the reverse reverse portfolio. Um, yeah, so there's your, there's your hot tip for 2023. So far, uh, anything you said you were pretty quiet.

[00:03:39] This is, this might be the longest stretch of inactivity for you. I saw you were, you were throwing some bids around on picking up market psychology a while back. I actually just threw a bit out there. I like where that project is right now as a. Uh, by Colby, anything you're Ben Flo still floating? I had been putting some bids out there.

[00:03:57] I haven't done that in a bit. Uh, last, let's see, I was looking, I checked my activity to, to confirm what I had been doing. So I was pretty, pretty inactive over the holidays and um, I had picked up some tabs, uh, the N F T from Alien Queen, um, I think, yeah, that had actually, I believe that got up. Point four or something at one point.

[00:04:18] I think it's down at 0.2. I had a free mint opportunity, so it wasn't a real big, real big decision for me to vent that one. Um, but that, that is from the artist Alien Queen. So that's one that is in my wallet. That was the last thing that I had picked up. Um, but yeah, otherwise been, been relatively quiet. I did, I noticed, um, you know, beginning some offers again on my, uh, friendship bracelets.

[00:04:39] Uh, still have a couple of those. Um, those were the, uh, the projects we've talked about from our blocks. Along with from Snow Row and Alexis Andre, I believe is more the artist behind it, but they find, I think today as we are talking, is the final day to mint those. So what I've heard is that they, I think they're up over 36,000 total friendship bracelets.

[00:05:02] Uh, if you remember, there were. for every piece, every wallet that held a, an art block piece as, as of the, the, uh, snapshot date, which was taken, I believe in early November, um, could admit two of these. So there are now over 18,000 wallets that have minted these, um, you know, saw a surge in the last few days as people realized that the, the deadline was approaching, I think that floor price did come down.

[00:05:27] Although I'm still seeing a lot of activity in those, I'm. Hey, I'm surprised by how well those have held held up. It's shocked. A big, yeah, that's a big mint, uh, number and you know, there is. At least they're gonna stop being minted now. So, um, you know, I think there are, uh, you know, there's good case for, to be made.

[00:05:47] They will, uh, become more collected at this point now that, uh, you know, that they're, you know, more of the, the final rarities. Um, I, I think there are some that are the snow fro, uh, pallet that are up over four, eighth or so. So if you do have any of those, you may, you know, take a look before before you do.

[00:06:07] Because some of those pallets are quite rare. Um, but, you know, interesting collection. Nice to see that it is finally done. Um, because I think it's, it's nice to know the final number. Um, well maybe not quite yet, but close to it. . Yeah. Yeah. And I imagine there might be some, some price, uh, volatility on that.

[00:06:24] So waiting carefully, especially with 33,000, uh, of them. I don't know if any future promised access or utility on those right. Feeling that could be over 40 by the time this is done. Yeah, those deadlines tend to push people. No, there's nothing there. I mean, there's the utility, I guess, is you get instructions of how to make a real, I mean, a real friendship bracelet.

[00:06:48] But I don't know that you need an N F T for that. You know, I, I think you need a kindergarten class and some yarn. . Oh boy. Oh boy. Oh boy. Oh boy. Sorry. Second grade. Second grade. Uh, alright. What do we, oh, go ahead. Well, before you go to the news, I, I'm kind of interested cuz it seems like there's, um, as we kick off the year when I like look at macro data on like Crypto Slam and others, that overall sales volume in sales dollars is up, but transactions down, buyers down and it seems to be like just whales moving around right now.

[00:07:28] So it's kind of like a, a tale of tale of two, uh, two numbers here, you know, in terms of participation, not as much, and a real thinning of the herd so far. Hard to say, you know, 10 days in, uh, we were joking before this pod got started that, uh, we're gonna hold off on our predictions until the, uh, the end of 2023, which will then back date.

[00:07:47] No, I'm kidding. We're, we might do some predictions in February when we know, um, a, a bit more just to cheat because we did so well last. Yeah. Right. If you listen to that one, you'll realize that how far off we were. So, um, you know, don't come to us for, uh, for predictions on the future. For sure. Yeah. We'll just wait, we'll wait it out.

[00:08:09] Uh, but I'm kind of curious, like, so moving into this year, what, what is your, your wall planned? Kind of like stick and hold on this thing. Like, you're not doing too many transactions right now. I can see, I. Probably just sort of paying attention to your existing access wallets, drops, things like that. . Yeah.

[00:08:29] That's, that's been, I mean, yes, I should be paying attention more to those things. , I've been, you know, I have too bad the last couple weeks. You know, it as, as, I mean, as you know, you're, when it takes a lot to stay on top of all of these different projects and man, it is nice to kind of, uh, forget about it for a bit.

[00:08:48] And yeah, I think, you know, I. . I mean, I think I've, I've shifted some of my, uh, I don't know, sort of my collector mindset a bit and, and trying to think of things that I, trying to really collect things that I, I'm more okay holding for a long term and not being , not really jumping at a lot of new projects.

[00:09:07] I mean, that, that's, I feel like how I've. Have shifted anyway before this. Um, you know, I think I'll continue that this next year. Um, you know, we've, it's, yeah, don't wanna, I'm not gonna say what's gonna happen, but I, you know, I, I do see that we, we've seen that, we've seen some, some of the. Stronger use cases of NFTs that some of the things that have stuck around art has definitely persisted as one of the stronger use cases.

[00:09:32] Digital art has found a, you know, a real home in NFTs. Um, you know, I think that's probably going to persist. You know, we, I, I, I don't know that, that something like gaming is coming this year. I think that we, you know, as you know, we, I dunno, I see that we still have a lot of people around and at the same time, you know, there's not the same excitement, there's not the same, um, you know, let's go try everything, uh, kind of mentality.

[00:09:55] From the crypto or N f T market as a, as a whole. So I kind of think that that's, that those, those sort of far off things that gaming and stuff may not, uh, may not really see much light this year. No. Again, if you can somehow survive and, and make it back to the, the next bull bull cycle, I think, uh, it'll come with the, again, general crypto markets.

[00:10:20] I think, you know, in some ways NFTs are lever, but you. It's, um, it's winter, it's wintertime, so I, I agree with that. I'm kind of doing similar things looking. Artists that I know will continue to produce and actually like look in terms of a flight to value, we're starting to see it like the values coming back in Max Pain and Friends, which was previously the lowest value wax comedy, right?

[00:10:47] It is. You, we are almost dangerously back to break even on, on that mint price. Ferocious is, uh, just strong in terms of like his canvas and the paint pieces that are, are seemingly increasing. . Um, other things that, you know, we mentioned, uh, Pinder Van Armen in the past, um, in his pods. Like those are up. So we are seeing some life in some of these older quality pieces.

[00:11:14] So that's given me hope while on the other side of it, like my whole like obsession with like the Nike dunks was. Poorly timed. I'd say overall, like they just, you know, oh are floating around at like point 0.25. What's the common story, George? That's, you know, whatever num number down number, not zero, cuz they're not gonna give up on it, but people are not happy with that.

[00:11:36] So, you know, a mixed bag. But, um, I'm setting a, a sort of play budget and, and focusing, I think similarly. On that as I was talking, I had to pick up that floor market psychology. It was too far below the, uh, . I cleaned up that floor. I cleaned it up. Is that I couldn't turn it down. Is it 1 25? Oh man. I mean, it's below the original Mitch, and it's below original Mint was, there's breaking news.

[00:12:05] Uh, it is now a new. There you go. . There you go. Clean. Clean that up. Um, so you know, if we just go by those metrics, you're up. Yeah. Sure. That All righty. All right, let's roll into news. Let's roll into news. Yeah. What, what do we have in here? Get some headlines here. Oh, man. We've got, it has been a bit since we've talked, so we've got a, well, I don't know, we've got a lot on, we've got a lot of these here.

[00:12:32] I don't know how big a lot of these are. Um, so one that we've got is the China who, let's see, the country's previously. Band, NFT and, and crypto, uh, NFTs and crypto. And now they are, or they have launched a an N F T trading platform. I haven't actually heard much about it. This is one that I had kind of bookmarked, uh, you know, back before the new year launched on January 1st.

[00:12:56] I haven't heard much about what's going on there. , um, a little hard for me to understand how they're gonna have a lot of activity on this N F T marketplace while they've been cracking down on it heavily within the country. So, can't imagine there's a lot of users ready to, to go for it, but that's, it's quite the turnaround.

[00:13:11] And, uh, I don't know. I mean, I guess maybe they see what, uh, You know what the potential is. Um, , I don't know. What do you think here? Uh, I think this summarizes it pretty safely for me. The marketplace is built on WBA chain. Uh, it is a heritage protection chain that is owned and operated by art exhibition China.

[00:13:32] So I wouldn't call it crypto or blockchain so much as. It's something that is masquerading at it. I get the sense that, uh, transactions can be probably reverted and aren't quite as That's, that's true. Yeah. It's probably not all sales are not necessarily final type of way to, to maybe put an app out there in the world that you, you know, get maybe a lot of usage and learn a lot about people

[00:13:57] Um, if, if it does pick up any kind of traction Yeah. Look, um, , it's interesting to see if they can take the, the firewall approach to blockchain tech and, and what happens. Uh, a lot of people in China, so we'll see. All right. Now we've got fanatic. This is the, let's see, this is a, a , let's see, a fan goods company that they do own, they own a 60% or, or steak in candy Digital.

[00:14:27] That's been big with the, uh, M L B. Some of the MLB attempts at NFTs. Um, as we've talked about, NLB has, major League Baseball, has tried a few different ones. They are selling their steak and candy Digital sounds like they, uh, maybe are just through with, uh, the, the NFT market. You know, as we've seen, they haven't been all that successful and I, um, uh, frankly, I'm a little surprised that they were able to find a buyer right now.

[00:14:54] So, you know, maybe not such a bad idea. I don't know. They said fanatics was founded in 2011, become a well-known name in sports and e-commerce valued at 31 billion, which is sizable, but I don't see the, the price that they. Yeah. I mean, it's hard to know what they, I mean, they're probably, for them it's a, probably a , um, good loss, uh, that they can write off against.

[00:15:17] Yeah, there you go. I was doing some of that, just a smaller scale at a pony level. Yeah, right. Um, but you know, it doesn't say a lot of what they, uh, What they think about the future here. And you know, like as you said, they haven't , major League baseball has not figured out NFTs to any extent, and I I don't think that's where it's gonna happen.

[00:15:37] Yeah. So they have a quote in your, we believe digital products will have more value in utility when connected to physical collectibles to create best experience for collectors. As a reminder, this is the group fanatics that acquired tops trading cards for, for half a bill. Uh, so you can see them still.

[00:15:54] Sadly fumbling through the, the Major League Baseball's entry into NFTs in a railway.

[00:16:00] All right. We've got another headline here from the, yeah, about proof. Uh, C e o Kevin Rose, the, the Man Behind the Moon Birds project as well. Um, they have signed a, a deal with Hollywood, U t A, uh, so I was a little surprised by. I was a little surprised by this one. It just, it, it seems like what some of these, uh, kind of caricature type of NFTs have done.

[00:16:27] Um, but you know, they are big and they are, they are able to get deals. So, you know, maybe shouldn't be surprised by, by the route they're taking here. Yeah. Moon birds have kind of come down floor price 8.5 as of, uh, recording this, like, there was like a little bit of bump, I think. with that announcement there.

[00:16:46] Um, it got almost back up to 10. It was down at seven. So, you know, you, you have these like news runs, but a re a regression back to the previous, which that's what we classically saw with like, hey, sell the news moments that we'd be like, you know, win, update, win, update, all the, always in discord. And, uh, the underlying value isn't there.

[00:17:06] Community isn't holding, like, I, I, it's like sort of, you know, bumps along the bottom. I mean, nothing. Shake a stick out. You're still at eight AbbVie. It's pretty good. Yeah. Yeah, exactly. But you know, it is, it's a long ways from where it was at 30 plus

[00:17:21] all we've got another. Another scam cuz you know, it's NFTs. Uh, this one's involving Logan Paul . Uh, I don't know. This is no shocker here that he's involved in a scam, at least not to me. But this one is, I don't know. This was a game called Crypto Zoo that they've sold millions of, millions of dollars worth of NFTs.

[00:17:41] The, there is no game to be played. Uh, this was, let's, uh, let's see. The scam was investigated by, let's say, KA. Cilla, uh, is the, the YouTuber's name. Um, Logan Paul then was threatening him with a lawsuit and then also inviting him on his podcast. Um, you know, it sounds like he's now blaming the developers that he hired, which, you know, for some reason he thinks isn't his responsibility.

[00:18:10] I'm not sure. But you know what wouldn't be another podcast, uh, another podcast episode without talking about Apod. NFT scam, right? Yeah, I think there's the sort of hype and promise of we're going to build the next great game, which is a lot easier to say than do, and I, I think it's, yeah, I think it's tough.

[00:18:30] I don't know enough details here, but the, you know, the, the details that I did were questionable. Yeah, I can look. Probably shouldn't just believe, I mean, we're way past what somebody would jump into it, something like that. But you know, maybe we shouldn't have just believed that he was gonna build the next or the killer N F T game.

[00:18:52] But, you know, we all thought that everything was gonna just work out as, as the founder said at the time. Right. ? Yeah. This is a pretty impressive fall.

[00:19:03] All right. We've got a, an NFT project from Manchester United, the soccer team in, uh, in England. Uh, they have been accused of, Of ripping off the artist. I, I don't actually know how to say the, the name. Des Des Lare, and it's d e s l u c r e c e. It'll be in our, uh, notes of course, but , it is, man, the, the resemblance is quite striking.

[00:19:31] They are super similar, pretty obvious that they were, uh, influenced here and. Not a great look for ferment. And United Believe has already had some, uh, some quite a bit of backlash to the idea that they were doing NFTs from their fans, uh, to begin with. Oh, that's, yeah, that's, that's brutal. I mean, it's this sort of black, red skull with white, and they're, yeah, they're pretty darn close.

[00:19:58] Uh, looks like they went with the Tezos, um, Tezos platform for Manchester United, which is interest. Yeah, so there's that all you have that . Uh, alright. And then, uh, let's see. Last text, last headline I've got here. I cut out quite a few of the , the not so interesting ones, but I thought this was somewhat interesting.

[00:20:19] N F T N Y C coming up this year in April. They, they seem to change that every year to really just throw people off. Um, ape Fest will not be holding their own event at the same time. Um, you know, in the past they have held it at the same, same week as the event, not as an official part of the event. So this headline here that I'm already reading is, you know, somewhat off base.

[00:20:41] They're severing ties. I'm not sure that there was an official tie, but I do think that we've, we're seeing a lot of people kind of maybe move beyond N F T N yc, which. I don't know, I think is somewhat struggling for what is the actual event and what are people coming there for versus are people coming versus just the outside events that that happen to be in New York.

[00:21:02] Yeah. It seems like they just weren't ready to do it early enough based on the, you know, tweets that I'm reading here, saying that like they wanted to do it later in the year and export new locations. That could, that could mean many different things, but you know, maybe this is not the time they want to start celebrating.

[00:21:19] Maybe they wanna wait a, I don't know, for a couple lawsuits to shake out or news pieces, , hey, that could be, you know, get solved. Right. Well that could be a real long time then. Later, later date. Yeah. I mean, we could get into all the lawsuit stuff. The, it's, it's hard to keep track of what's going on with you getting their lawsuits though,

[00:21:38] Yeah, I feel like that's an episode all its own, but also one. I, I'm just not that interested in ultimately, although it is a dominant four still, if you're looking at the top 10, you know, crypto projects right now, like the fact that three of them are essentially, uh, yuga is, you know, quite, quite impressive.

[00:22:00] Four. Yeah. Crypto punks. Yeah. Five. Geez, bored. Eight Yacht Club. Mutate Yacht Club are one and two. Uh, bored. Eight. Kennel club number five, crypto punks. Seven. Other deed nine, like wow. Okay. Other deed. I was gonna say, there's no way mee bits are on the top. 10 . Oh, poor mee bits. Ooh, no, you gotta, you gotta go down the ways.

[00:22:25] I haven't checked the floor price of me bits in a while. I'm kind of curious now. Here we go. Rabbit hole. I would guess 0.5. Oh, I'm gonna get higher than that. 3.85. Oh gosh. I was way off. How was I so wrong? 3.85. Oops. That's, that's impressive. Yeah. Huh. Good for them. . Yeah, right. Glad I sold mine at two and a half.

[00:22:54] Whatever. Add it to the list. It was when was more, and I'm sure you immediately got that us. That's true. I immediately pull, I did something very safe with it. I definitely didn't throw it away on dog coin. Dog coin ponies. I actually threw away. Yeah. There's offers on these, huh? Market Market is stronger than I would've guessed.

[00:23:19] All right. There you go. That's what I get for making fun of it. All right. The T draft season platforms compete for projects this. Interesting cuz at first I thought in my mind the narrative was around with regard to Utes, uh, leaving Solana and Degos I think as well, right? Ts and Degos leaving Solana for Polygon. I was like, you know, sort of dancing on the sort of Solana sex train, which it does.

[00:23:47] Um, to be clear. Uh, but I thought it was of their own position to move, but it was not what actually hap why did they do this? Got paid. Ah, 3 million. Okay. . So I see 3 million relocation fee, I guess right from, uh, leave Solana head to Polygon. And I think we're maybe seeing how Polygon, uh, polygons, business dev works and why they're so successful.

[00:24:15] Um, yeah. Right. So what does this mean? Incentives? ? Yeah. Use that foundation money. Like, oh, you get a grant . Okay, great. Uh, you know, with regard to what this means, I think it's interesting because if projects are suddenly, and labs are suddenly able to create a breakaway sensation, or some sort of momentum on, we'll call it a, a tier two or a less than chain.

[00:24:49] They may be able to run this play going forward saying like, Hey, uh, why not go to the highest bidder? And I don't think, according to some reports that Polygon was the highest bidder. I think Avalanche was also. Looking for their business with a bid and um, maybe another, but uh, the move to, I heard that's interesting.

[00:25:11] Um, yeah, but I think they weren't the only weapon Polygon, the only bidder, polygon does seem to have more. Um, maybe more legitimacy among, uh, among the crypto or N f T crowd? I would say, I mean, for, for N F T networks, I, I think Polygon is taken pretty seriously by most, um, most Ethereum N F T holders, uh, you know, since it is just that layer two and gets the cheap fees and yeah, with that money, it, uh, It's, it'd be hard to pass that up when you've got the, the issues that, that that plague Solana.

[00:25:48] Yeah. Look, if your platform's going down every month and your coin is being sort of shielded and manipulated by the second coming Bernie Madoff, like there's a lot of tough headlines there, right? Um, and it's maybe unfair, uh, some look, it's maybe unfair to say that a Solana simply. , a scam artist used that platform to sort of like burnish their reputation and sort of buy into it and try to manipulate the price that that's not their fault really.

[00:26:17] But the truth is that there isn't, there's some guilt by association assumed in some of these, uh, headline articles and titles. So I wouldn't be surprised if they were trying to sort of survive beyond that. You. D D labs based in Los Angeles. They've had just with Utes, I think a total volume of 2.7 million if I'm reading the analytics properly, which, you know, like, look, volume on platform, volume on platform actually will return value.

[00:26:45] So if people continue to, uh, trade these, maybe you can answer this question for me if, you know, like, is it like what is involved? Are they going to. Create some sort of burn transfer mechanism because you can't just yank this off of people's wallets and move it over. Can you, you can't just be like, ta-da, you're on polygon.

[00:27:08] Like you can't, I mean, that elegantly, right, right. I mean, they definitely can. You don't even know. It's not the same address when you're using, when you're going from Solana. It's a polygon. Now, if you're going from Polygon to era, from Ethereum to Polygon or, or optimism or any of these Ethereum based networks, you'd have the same address.

[00:27:28] But with this, it's a new, it's a new wallet address. There's no way to just simply airdrop it. It's got to be some sort of claim. Um, I imagine. You'll, you know, have to claim it and then bridge over to the new network. Um, that is interesting though, you imagine, um, that not everyone's going to do that, you know, , it's, uh, you know, people pay a lot of attention and there are also people, I'm not saying that, you know, that, um, you should necessarily.

[00:27:56] What do we say to buy and hold for something? You know, is it really expecting that people are paying attention all the time to, to these things? And you know, I'm sure there will be opportunities, but you know, it'll be interesting to see how many actually make it over. Um, there's been talk in the past about projects like, like crypto punks and, you know, obviously old project people really didn't know the value of these things, um, at the time and.

[00:28:17] you know, how many of those are, are, are, are missing completely. You know, in something like this you'll be able to see a little bit better. But even with these youth projects, I mean, it came out a while ago and there were a lot of people getting into Solana because. Somewhat because they felt like they missed out on Ethereum.

[00:28:30] So I think you'll have a lot of people that maybe didn't , um, keep track of their wallets very well, or, or wallet security. And, uh, I imagine that not all of those will, um, make their way over to Polygon if it does require actually actual action on the, the holder part, which I can't imagine it would work any other way.

[00:28:49] I have a weird question for you and I have no way to. If I were to create a Venn challenge accepted , if I were to create a Venn diagram of Solana wallet holders and Ethereum holders, right? Like people that had one and not the other, like, what do you think? Do you think like one has more of the other, or do you think that there are like Republicans and Democrats?

[00:29:16] It's like, well, I'll never vote across the aisle. I'm also. or do you think like if you're a DJ you just are popping around with different wallets in different places? I mean, to be honest, it's probably a pretty big crossover. I, I think we, we know that the ecosystem just isn't, it's almost just not big enough to, to support all of these different, unique.

[00:29:38] Ecosystems on their own. I mean, I think there's, there's probably a, a good amount of p fp Ethereum collectors that, that I think are more likely to be on Solana. I think our box collectors maybe are more likely to be on Tezos. Um, that would be my , that's what I would guess. I don't know how you'd, how you'd go about trying to.

[00:30:04] Trying to really get numbers on those since they are, you know, you can't really tie two separate wallets right to the other, you know? Yeah. Until bridging becomes a different thing, you could probably begin to do that. But yeah, it's, um, it's certainly a little messy, uh, But it'll be an interesting project.

[00:30:23] Look, I'm interested in, in that once it moves to the Ethereum network a lot more, uh, because frankly, the base currency, the, the base currency has always been one of our. Jesus is then denominated in, uh, we and Eateth, which is Yeah, which would be down less than so long. don't lose, here's the thing, you'll lose money at a slower rate, and that's what I'm here.

[00:30:48] That's, that's what this is about. That's losing money longer, less over longer periods of time. It's science. , this is a good time to disclose that this is not financial advice. None of this should be taken. It is interesting. So what do you think, um, uh, guess the Ute floor in eth, I just calculated it. What do you think the Ute floor in, uh, let's see.

[00:31:15] I. I don't know, the u I don't know Ute at all. I think. Well, with D gods I think is the more expensive collection. Is that, that sounds right to me. Correct. Um, I don't know. I guess I'll say two E. Wow. You were shockingly close. 1.7. Um, that's impressive. All right. Nice. That is, that is press impress cause we've brought it up.

[00:31:36] We'll go with the floor. Uh oh, gosh. Yeah. So I'll give you, I'll give you a chance at, and you can play at home right now. I'll guess that price. I always like to guess that price. All right. So I have, uh, the D gods, like, what do you think the eth price is on that floor? Okay. How about, um, about six. Wow. Well, no tricking you today.

[00:31:58] Uh, 6.69. I did not make that up. Oh, sulfur five 50. Oh, how could I not put that in there? I, if you had spiked it, I would've been, you would've . So I wanted to mention something. This, I don't, don't know what's going on with this, but this bons. Collection, have you heard of this? B O N K Z. I'm sure if you've been paying attention you, you may have heard about this one, but it is a collection on Solana that's getting all sorts of attention.

[00:32:22] Now. I see that they've got over one point. Is this crypto cryptos? Is that it? I possibly, let's see, um, no 1.6 million in sales. Oh man, they're flying right now. Um, but yeah, so there's, you know, there are still, this looks like it's a pretty reveal. Um, Collection right now. So, you know, there's still activity over there.

[00:32:47] That's a new salon collection that just launched. And, uh, you know, it's, you watch one leave and, you know, maybe it's in a way. Maybe it's making an opportunity for somebody else to step in. You know, I, I'm not a big salon fan. Mm-hmm. , and I don't think that it's, I don't think it's heading, you know, maybe it heads to zero eventually.

[00:33:05] I don't think that we're there at this point. I think there's still. Uh, there's, there's still people there that wanna make something of it, and I think you'll at least see some , some fight, uh, from those that are are working on the chain. The fundamental truth is that the, uh, The inflationary element of Solana is exceeding the rate of transaction value generated.

[00:33:29] Uh, it just, you know, it doesn't, it doesn't math out for the holders that are gonna get vested, uh, vesting schedules that show up where they can then dump their so salon on the public market. And then on top of that, it's like inflating, uh, at the same time. And so you also see that like when Disney, when.

[00:33:51] Nike when Starbucks, when these folks are choosing platforms to build on, like into the future. Um, I don't see Solana's name coming up very often.

[00:34:00] No, I don't either. And you know, I think that is, I don't, I think that's a big reason of why Polygon went for something like this was Ben in the discussions for sort of the business infrastructure, you know, business infrastructure, NFTs, and, you know, that is one thing, but it doesn't get, doesn't really get consumers looking at, you know, working on the network, bridging assets over and on it.

[00:34:23] And I think this is a, it's a different, Different way to go about it gets different attention, gets people actually on that chain and, and active. Yeah, I, you know, go ahead. I was surprised not to see more activity on, uh, on Utes in terms of, I was just like looking at the analytics and I didn't see a big price bump.

[00:34:41] It doesn't seem to have really moved it that much. And here, here's what I know, it's like per our last conversation of Yuga taking up the top five of the 10, , there's just an inevitability that you can't stay on the top forever. It just doesn't work that way, you know? Is this shift a signal that they're able to, you know, potentially build that?

[00:35:12] Is this D-lab? I don't know very much about them at all, but heck, if you're thriving in a bear market like this, is this something to look at? , you gotta see how the, the transition goes. Oh, you mean as far as like a project to follow? Um, yeah, like, yeah. I don't, I mean, that's a good question. You know, is this, is this, you know, is this the, uh, the, by the news or, or by the news point where it's up high and, you know, I see that there's a decent amount of volume.

[00:35:41] Um, yeah. You know, does it become a, I mean, what is, what's the biggest NFT collection on poly?

[00:35:49] I can probably figure it out. Um, just a note. You know, there's just not, I don't think there's like one collection that you associate it with it, whereas, you know, before I, I, I think that you could have said like Degos and, and Used were definitely the biggest projects on Solana and you know, you know, we know that we know the big ones on Ethereum and I think this is.

[00:36:10] You know, it's, it's a bit of just having a name of a big collection. And maybe it does, you know, I, I'm not betting against it. I'm not, certainly not jumping into this . No. Especially, I also wanna, I wanna backtrack a little bit. Like when you look at Utes, like the actual art of it, it is a pathetic board. A knockoff.

[00:36:32] Yeah. I think is my, is my hot take on it. . Um, they're just, it's fuzzier and less. Right. I mean, it was something that we, it's not good. When we looked at the Solana Network a while ago that the, I don't know, it feels a little stuck in, in the, the, the p fp era of, you know, just make any animal, make 10,000 of any animal and, and it can be successful if you have a Discorded Promise merch and whatever.

[00:37:00] Um, and it's. , you know, I don't know. It's, it's, I don't know enough about it to, to talk about the other aspects of it, but, you know, based on face value, I'm, I'm with you. Yeah. So, , I think in general. What else might be targeted? It, it's interesting to think that other projects on, on other platforms might be shopping around to the folks that still have money, which are, you know, apparently like the kind of avalanches and, uh, avalanche polygons and arbitrary on my bed probably would've, you know, been in the mix.

[00:37:33] Mm-hmm. , uh, saying like, how do we get and entice, uh, developers to move into it? Uh, but it's interesting. . Yeah, it definitely is. I mean, it's not, I didn't really thought about that aspect and I was definitely under the same, um, impression as you at first that it was more or organic choice versus a, you know, poaching by, by Polygon.

[00:37:54] Um, I'm sure that there are others looking at this if they hadn't been thinking about it before and now thinking, Ooh, that that's a pretty good method. Hey, that we, we still have, we still have money and a lot of others don't, so maybe we should use that in a different way. Yeah, pulling projects that are well teams that are building projects, they're still out there.

[00:38:15] Yeah. I mean, I see more from Solana even because that network's been so hurt and you know, there has been a lot of talk about the, the number of, of, you know, developers that are on the network. So Yeah, I I could see it there, I could see it from other networks. I think there's, I think we'll see some other alt chains, um, face problems or already facing problems.

[00:38:35] There's, there's a lot that you don't hear anything about, and. You know, at least we're hearing something about Solana. There's some that you just aren't hearing anything about. So I think you'll start seeing some attrition from those as well. And yeah, there, there may be some, some, some bidding words going on among some of these other chains.

[00:38:53] Well, I'm still rooting for our moon Cats . Oh boy. Oh boy. We called the bottom when they went. When they went away. Pond. Pond. Where will rise again? It'll happen. Moon Cats won't go below that threshold of, uh, 0.3 though. It's really funny, man. What will happen to the Moon Cats you think? Uh, you, you still think Kevin Rose might, might pick 'em up?

[00:39:18] I just, I think they're just an awesome, uh, I think they're an awesome long-term like Relic. Um, I've, I've been, I've fallen for the Relic in the past, but this of, of all of them has been the one that like. Kind of has, has actually like held and not gone to absolute zero. Like I'll, I'll just say, what was it, the stupid crypto bots that I thought the world of like two years ago being like, oh my gosh, it was the first on game, whatever.

[00:39:45] Like, yeah, not very much there. Now how about this? What if we could race our moon cats? Then , we put 'em in the state,

[00:39:59] Yeah. Now you have my attention. Cats Project. Huh? . Now you have my attention. Yeah. Moon Cats. They're hanging out at a four floor. Good job. Moon Cats. Oh yeah. Huh? That's, yeah, that's a little, they've moved up a bit. Yeah, I mean, as soon as I, I'll, I'll let, I'll let the group know. I only have two of 'em. Maybe I'll get another and force the price down so you all can afford 'em.

[00:40:25] Oh man. Is that helpful?

[00:40:27] Uh, well, yeah, I think that's, I think that's about it for these, the, the, the project poaching. Um, you know, I think I, is this a prediction or you think we're gonna see more of this this year? George Chain jumpers. I think that I'll put that, uh, I'll, I'm gonna claim this one, uh, chain. All right. Do it. Chain jumping.

[00:40:48] Yeah. I like that. That's a good one. Um, some warm, yeah, it'll be, It won't be the only one of, you know, there are good projects out there that are caught on , on bad chains. Um, and then there's things like this too. So, um, you know, take that for , however you wanna take it. . Cool. All right, well, I'll see you out there.

[00:41:13] All right. Bye George. Bye.

• Collection (via Hildobby): Overpriced Gin
• Why hildobby left a master’s program for crypto
• How many trades/traders really account for most wash trading volume in NFTs?
• How racing to build airdrop dashboards helped hildobby gain traction
• What he sees as the coming trends in the NFT industry

Hildobby’s NFT Overview Dashboard

Rough Transcript:

[00:00:00] Rantum: All right. We are here with our second guest and I have made the mistake already of, uh, you know, talking to, to Hil Dbi for, uh, uh, about, for, for too long without recording. So we are back to record. I'm very excited to have Hil Dbi on Hil. DBI is a. Data Wizard. He currently works at Dragonfly, one of the earliest, most successful crypto venture capital funds.

[00:01:08] Uh, additionally Hilda, he's a prolific dune wizard. Uh, he's created dozens of incredibly useful dashboards, maybe more. Um, they've been a big help to me. I use his queries often to, to help my work. He's influenced a lot of what I've done and I'm super excited to have Hilda on. ,

[00:01:26] Hildobby: thank you for having me. Um, I'm, uh, very happy to be talking to a fellow, uh, prolific dune wizard.

[00:01:33] Uh, we've been shoulder, shoulder on the, on the June, uh, leaderboard lately. Uh, I mean, for the past, quite a, quite a while now. Uh, so yeah, it's, it's, it's really cool to, to be hoing onto your podcast.

[00:01:45] Rantum: Awesome. Well, tell me a little bit how you got interested in crypto. What, what led you to where you are now?

[00:01:52] Hildobby: Um, so I started, uh, after, after my bachelor in end of 2018, I, um, was looking for an internship and I found, uh, an internship at a company called Caico, which is a, a cryptocurrency data provider for, uh, off chain data. So, uh, sorry, central exchange data. Um, and that's where I really. Uh, more about what this blockchain space is and took an interest for it.

[00:02:16] Um, at the end, uh, I, uh, thought I wanted to, I, I, I realized I wanted to do a master's before, uh, moving onto, uh, the, um, the work life. So I went to Amsterdam where I did, uh, uh, masters in computational science, which is, uh, uh, modeling, uh, yeah, data science modeling, basical. Which was super interesting. I really loved it.

[00:02:42] And halfway through my masters, I discovered June, and I'm, I'm a very curious person, so I like to learn things by doing. And so I started to play around with the blockchain data by just, just as a side hobby inside project to understand it better. Um, at the time it, June wasn't as big as, it wasn't even remotely as big as it is now.

[00:03:06] So it was a much smaller, much more niche kind of, Space. Um, and I was also frustrated by the fact that if you looked on Twitter, all the charts you could see were just technical analysis charts, uh, going Exactly. I thought, I thought surely with this, with this whole blockchain thing being open to the public and everything being, uh, just easy to, to.

[00:03:32] uh, there should be more data on this available free for free. Uh, you know, there's, there are some data platforms. I think, uh, at the time, uh, the biggest work platform were probably like glass node and, and stuff like this. Mm-hmm. where, um, and then there's um, coin geco, coin market cap and stuff like this.

[00:03:49] But there wasn't really deeper analytics, uh, uh, much more deeper than this. And that's also because at the time the space wasn't necessarily as mature and there wasn't all this. , you know, the defi boom had not happened yet. Um, wait, no. The defi boom just had, just happened. Sorry. Uh, and, but, but people had not really leveraged the on chain data capabilities yet.

[00:04:12] Uh, or at least they had probably for themselves, but not necessarily in a public manner. Uh, so yeah, I, I, I just looked around the ground and then I started to have people take an interest for my work. So I leveraged this and, um, started to share my work public. And also started to do some freelancing in, uh, that was a year ago, just about a year ago, November, a year ago.

[00:04:37] Um, and yeah, I started to the market . Yeah, exactly. Yeah. So I started to take some, some, uh, some, uh, freelance jobs, uh, that was super interesting. I got to dig into defi, I got to dig into NFTs, uh, infrastructure staking everything so. Uh, really cool. Uh, and then I slowly grew my, my profile slowly grew and I, I, you know, I got more ambitious over the time.

[00:05:03] I got more things. Um, and then, uh, I realized, okay, if I wanna do something for the next six months, this is probably gonna be more valuable actually, than my, than finishing my masters. So, I, uh, went on to, uh, drop off my master's to pursue this full-time, uh, first as a freelancer, and then I always had this in mind.

[00:05:25] Um, my goal eventually was to, once the, the perfect opportunity comes around, uh, jump on it and, and join a really cool company. And Dragonfly was that company. So I started there in early July and, uh, I've been there main data guy ever since. So, uh, really grateful. Also really cool to work with, uh, a team of giga brains.

[00:05:49] Uh, yeah, just, it's so

[00:05:53] Rantum: impressive. Uh, yeah. You got some impressive, very impressive people, uh, including yourself now as well, but, um, it's, I'm impressed by how much you continue to contribute to the dune space and, you know, what do you, what, what, what do you like about working on Dune as that platform? You talked a little bit about how it's open and, and anybody can work on it.

[00:06:14] Um, is that what excites you about working on

[00:06:17] Hildobby: it? . I think that the two most exciting aspects for me are the collaborative aspect where you can, anyone can build on top of each other's work and share, and then, you know, whatever you contribute is a progression because other people can use that work, leverage.

[00:06:33] It changes slightly to their advantage and what they want to query. Uh, and the other thing is that, um, what did I wanna get at? Sorry. Um, uh, so the. Oh yeah, sorry. And the live data aspects, which is really, really cool. You know, uh, the, your piece of work that you did, uh, unlike most traditional data piece of work that are more of a timestamp mm-hmm.

[00:06:59] uh, in time and, and, and reflect, uh, the, the, the data space at a certain time. This is more live and, and, uh, I think that's super.

[00:07:09] Rantum: Yeah, absolutely. I mean, I think that's one of the, the best things about crypto in general is that this is live data, and it feels like for so much time we maybe weren't leveraging all of the, the data that was available.

[00:07:20] It was a lot of looking at prices. Um, what has, what have been some of your favorite dashboards to work on in terms of, I mean, what is, what, what interests you when you, when you dig into these?

[00:07:34] Hildobby: So I am, I'm, I'm very curious, uh, I, I've always been, and I don't want to, I'm not necessarily focused on a specific sector.

[00:07:43] Mm-hmm. , NFT has been the biggest sector I, I've focused on because there's simply, uh, been so much going on in n ft since the past year or so, and the spaces have also much, so there is a lot to look into. Uh, but I have done some defi stuff. I've done some, uh, staking. , I've done actually a lot of airdrop dashboards, those, uh mm-hmm.

[00:08:04] those were, uh, kind of how, um, I made a name for myself in the space really. So, uh, that was also exciting because for those, I had to, you know, it was more of, um, of a race to do it as soon as possible, because whenever it drops, you want to have the data asap, and that was kind of a fun challenge. I, I, so that's why I did, I think I did eight in total.

[00:08:27] Uh, I did stuff like e n s. a I did, uh, I dunno a lot more, but, um, those were, were super interesting. Uh, then I like, so surfacing stats when they're not available I think is great. Uh, that is, that comes in all kinds of sectors. And then also more recently, I'm starting to dive more into the research, uh, more research aspects.

[00:08:50] Just like I recently did a research piece on, on horse trading and train of. Trying to quantify that amount and, and also filter it out. Um, and that was also interesting. So I'm starting to lean more into this and I have already some ideas for upcoming research pieces that I'll be publishing in the future.

[00:09:11] Rantum: I saw some of your, your wash trading, uh, analysis, and it seems like you've found that there was relative small number of traders that. accounting for a large amount of the, the wash trading out there, or even just a large amount of volume overall on some platforms. Right. Could you tell us a little bit about, about what you did find in this

[00:09:29] Hildobby: research?

[00:09:30] Yeah. So wash trading in itself looks scary because all you assume Okay. This whole, um, okay, so in terms of volume, myself, is that around 45% of volume, uh, of traded volume on Ethereum has been, um, linked to, was trading. and it, it, it looks scary in itself. But the, the truth is that it actually is that only 1.5% of users are actually behind this volume.

[00:09:57] And they are just trading in very large amounts in order to get the highest reward for themselves on platforms such as looks rare and next to Y two, where there's a token incentive, uh, whenever you trade. So they are gaming those rewards, uh, and. I,

[00:10:15] Rantum: and they're not doing it by the number of trades, but high volume trades,

[00:10:18] Hildobby: right?

[00:10:19] Yeah, exactly. And, and, um, I had actually earlier in September, I was, uh, calling the crossfire or something where, um, hmm. A pro, a prolific journal, uh, was publishing, um, an article based on my, one of my old dashboards, which was my biggest still at the time, and, and still is, which is my NFT dashboard, uh, global macro dashboard.

[00:10:39] And they were saying, okay, the NFT space is down 97. , um, from, uh, it's January high, but the, the, the truth is that there's January high. Uh, a lot of it is, uh, wasting. So if you filter this out, it actually, uh, brings out a much better light to the space. And I think is also, yeah, just filtering out the noises is important.

[00:11:02] And this work must be done in the, to, to actually properly analyze the stats. You know, the, the raw data is, is too noisy. I think, uh, I wanna take out the good parts and leave out the rest, uh, and start from this baseline. And now, now that I have filtered this, there's so much to look into from this now filtered data.

[00:11:22] Rantum: Right? Right. So, as an NFT podcast, I've gotta ask you about, like, some of your favorite collections. We see your, your, you know, we've got, I know your pfp well. Can you tell me about that? What else do you love in the NFT space?

[00:11:35] Hildobby: Yeah. My, my, uh, profile picture is, is just. Project called Crypto, um, crypto mos. Uh, it was around since I think it Minton in October, 2021.

[00:11:46] Um, and I kinda like the, it just looks goofy and a little different. Uh, it has a very distinct look, which at the time definitely I appreciate it. Um, I also, uh, actually my profile picture is not just a crypto noises. I also have, uh, noun glasses on it, uh, because I just, that's right. Noun nouns is a, is a really cool project as well.

[00:12:08] I don't know. I, I think it is one of the most long-term sustainable, at least so far, it's proven itself as the one, one of the most long-term sustainable project because they have constant revenue and their treasury is something people, uh, are interested in. So they get proposals to, to build on top of the project.

[00:12:27] And that's, I think it's a, it's a really cool experiment at the very least. Um, and I do like this. , these innovative projects that try something new and, and are daring mm-hmm. , uh, to try, you know, um, uh, back a year ago, uh, it used to be that 99% of projects were, uh, the same thing of, uh, 10 K PFPs. And, and I, I really got tired of that pretty quickly, so I was looking for something.

[00:12:55] Think the market did . Yeah, exactly. So, um, so I, I appreciate those who dare to innovate and try out new. , um, I like lately, uh, so overpriced jpeg, for example, did a drop where you can mint, um, an over overpriced gin, uh, um, n ft, which

[00:13:17] Rantum: they're telling you it's overpriced. ,

[00:13:19] Hildobby: yeah. Yeah, sorry. Yeah. It's the name of the, it's the name of the project, uh, it's called No

[00:13:24] Yeah, yeah, yeah. But, uh, but, um, uh, and I, I like, can, you can redeem it for, uh, a Ville Jim of Gin while uh, supporting the show. , it's a win-win for both the podcast and also for, uh, those who choose to mint. Um, so I like, I like this. Uh, I,

[00:13:43] Rantum: I think I heard of this one. Um, it has the artist, Amber Ator, who we've talked about on the podcast as well.

[00:13:48] So we'll link that. Check that out. , go ahead. Yeah,

[00:13:51] Hildobby: the, the art is great. Uh, I think the, the bottle also stands out for its art. Uh, so I like. I must put into this. It's not necessarily, you know, it's not, it's not, um, uh, a price that is completely, uh, crazy or, or something. And I think the value is, is, um, you know, it, it, it is a good price for what you get, I believe.

[00:14:15] Uh,

[00:14:15] Rantum: so it's not a great podcast they've done, and they've had us do some really good interviews and they've done some great work over there. So, I mean, it's a, it's a. cool project. I like the idea of connecting a an N F T to a physical object. We've talked a little bit about that in the past. So this is, this is cool to see.

[00:14:32] I think I'll have to mention this to my co-host and he can add it to his growing N f T bar .

[00:14:39] Hildobby: Would this be actually something you would be, um, how, how do you foresee the future of this podcast and would this be something you, you would see as, As, uh, would you envision some releasing some NFTs or, yeah, I, I curious

[00:14:52] Rantum: about yours?

[00:14:53] No, that's a good question. We've never, we've never gotten into that and it's something that it, it's sort of silly that we haven't done ourselves, but, you know, it's been a bit of, we of a time issue. You know, we, we do it, we can to get the, uh, the podcast done, but, you know, maybe we can start putting some more, more work into it and, uh, you know, get an n f T of our own out there.

[00:15:13] Hildobby: Yeah, no, I, I, I, I appreciate because I think appreciate it because I. , the bulk of, of what is important, of course, is the podcast. Um, the releasing n f t on the is more of a side project than, and it shouldn't, um, you know, it shouldn't, uh, obstruct you from, uh, actually doing the podcast, you know? Uh, otherwise it's, it's not a productive thing.

[00:15:34] Um, so yeah, I think, uh, that's a very reasonable take.

[00:15:39] Rantum: Awesome. I really appreciate you coming on and talking about crypto, about NFTs, uh, anything. You know, we, well, we, I know that you just updated your, your NFT dashboards. We're gonna link that as well. Can you tell us actually a little bit about that NFT dashboard you have That is, as you said, your most popular one.

[00:15:56] Uh, can you just tell us Yeah. A bit about it?

[00:15:58] Hildobby: So, um, actually this is, this is part of a, of a bigger project I have in mind. Um, I, uh, so I currently updated this n ft dashboard, which is, uh, the macro, uh, N F t, uh, Ethereum NFT Landscape. Uh, and it show, it, it shows you, uh, the top collections based on all-time trading, but also trading volume traders, uh, aggregators.

[00:16:21] Um, it also leverages my recently released wash trading filtered method, uh, which I. . Um, it's, it's hard to look at the space with the, the, like I said before, with the noise. So I, I, now that I've built this foundation without was trading, I can build a lot of things and this is the first dashboard, but I actually wanna dive more into, uh, this, this, uh, N S T stuff.

[00:16:44] So I have more dashboards. Uh, even this week I'll be releasing more stuff, uh, on, you know, this N F T is starting to be quite a big space. So there's a, um, for example, uh, royalties is something. It's been debated a lot, but it says, found little, there's little data to be found on it, and I find that frustrating.

[00:17:04] So I want to help there and, and surface that data and make it accessible to all,

[00:17:08] Rantum: um, sales. Right. The headlines without much data behind, behind the variety debate.

[00:17:14] Hildobby: Exactly. And I find that, yeah, I find that very frustrating. So I, I want to contribute where I can and surface those stats in a, I think they should be freely available, just like the blockchain is freely accessible.

[00:17:25] Um, And that we should all be playing with the same amount of information. So yeah, that's, that's where I wanna contribute.

[00:17:33] Rantum: Awesome. Cool. Well, again, thank you so much for, for coming on. Uh, where can people find you? We will link it in the show notes, but if you wanna mention it here, it'd be great. .

[00:17:42] Hildobby: Thank you very much.

[00:17:43] Um, so my moist, I post mostly on, on June, my June profile and then Twitter. I will post all updates, new charts, everything. I'll also do some ad hoc analysis, so if you wanna follow me there, that's why I'll do most of my work.

[00:17:57] Rantum: Awesome. Cool. Well thank you so much.

[00:18:00] Hildobby: Thank you for having me.

• How to check if a collection is made of hodlers or flippers
• Check wash trading volume for collections & platforms
• What tools el_barto uses to use to analyze collections
• What topics he plans to research next

Rough Transcript

[00:00:00] Rantum: All right. Uh, here we are. I, this is ran. Andrew, here I am with our very first guest. We've talked about this on the, if you've listened for a little while, we've talked about this on the intro for a long time, that we would have guests, we've, uh, yet to actually do that and. Well, that's up until today. Uh, we've had, uh, we have a data sign, another data scientist joining us today.

[00:01:06] He actually reached out his Alberto Crypto as he goes by on Twitter. On Twitter. He reached out, uh, and asked to, to be a guest on the podcast. And, you know, I, I felt like we really needed to, to actually do it. So here we are. Welcome to the show, El Baro Crypto .

[00:01:24] Elbarto Crypto: Gne. Well, thanks for having me. I've realized in life if you just asked people enough, they either get sick of you or they let you do something.

[00:01:30] So in this case, I'm glad to be the latter.

[00:01:33] Rantum: Yeah, yeah. Really excited to actually do this. You know, it's a good needy, you know, little instigator to, to make it happen. . Perfect. I love it. So tell me a little bit about yourself. How'd you get where you are? How'd you get into crypto?

[00:01:48] Elbarto Crypto: Yeah, so I am actually a data scientist by trade.

[00:01:51] I worked in marketing analytics for probably a little longer than a decade, doing everything from segmentation, machine learning just writing basic SQL queries. Got to spend a lot of time doing customer analytics for very large brands, uh, in the marketing space and. Sort of caught the Bitcoin bug in like end of 2014 ish and you couldn't do really anything at that point.

[00:02:17] You could just send Bitcoin to each other and that was, that was fun. . And then yeah, Ethereum ICO came. Um, once again, people still just, you know, sending Ether around, maybe trading on XX Ether Delta, these crazy, um, underground exchanges. Uh, but once for, for a while, you know, really the only thing you could do is, is not get caught up in a scam or an ICO scam.

[00:02:39] And then, uh, right around 2019, I believe it was, um, dune Analytics launched and that was like sort of. . That was sort of like the great equalizer for data scientists because now all of a sudden you have this platform that you could tap into to query the blockchain, you know, for free, honestly. And that was like the, the most beautiful thing.

[00:02:58] You could just easily share careers with people, share dashboards with people. Then this Analytics community, sort of, joined around that. And then other products like SEN launched, um, flip side crypto, a lot of these, you know, data open blockchain on, on BigQuery. And so now all of a sudden you, you know, you didn't have to worry about data engineering running your own validator, running your own node.

[00:03:18] You could just. Query data and you build, you know, beautiful data sets. And, uh, I think a lot of things like in the marketing analytics background, definitely applied to crypto just in terms of, you know, user retention who's actually using products, machine learning, things like that. So yeah, absolutely.

[00:03:34] It's been a very natural transition to, uh, to analyzing data. And now, uh, now. It's gotten crazy. analyze a lot of data on Yeah. Yeah. , it's, it's a lot of fun though. Meet a lot of the people like yourself. So, yeah,

[00:03:46] Rantum: similar background. I was, I did a lot in, in e-commerce, analytics, marketing, uh, for this and, you know, fem way into crypto.

[00:03:53] And, and it's, it's, it's really exciting having access to all of the, the data as opposed to, you know, just what the, uh, the one company that you're working with, uh, provides. Right.

[00:04:03] Elbarto Crypto: Yeah. I mean, that's such a good. Like I, I think people don't realize like how special this data set is if you go work for you know, like a big enterprise company, even as a data scientist, like, well one, like you probably don't get access to data right away.

[00:04:17] You probably have to get approved. You have to, you know, build the trust of people to start analyzing data. Um, here from day one, you know, it's, it's open right here. You can even, I think Google BigQuery even gives you $300 free. Uh, so you can just tap in immediately and. Securing data. It's really, uh, it's really amazing.

[00:04:35] Rantum: Yeah. Yeah. How did you. , what was, what did you get started with when you started on Dune? I mean, you saw that it was available, there's free data. What, what were the first projects that you got interested

[00:04:46] Elbarto Crypto: in? Yeah, so the first thing was just really looking at like what, who's using, uh, who's using the platform?

[00:04:52] And as many, many people know, my dog who's in the background, he's, uh, he's, he's running from farm to farm is what he's doing. Uh, many people, uh, I think at first it was just creating, you know, The raw blockchain data itself to really like, understand what's going on. I think, I think one of the biggest problems people face is there is this open data set, but immediately they, um, get inundated with these, uh, very specific contract calls and they have to, um, decode data and all of a sudden you're dealing with OS and hashes.

[00:05:25] And I think at first people get really like overwhelmed. And I remember looking. , um, dune for the first time and just seeing all these contract abstractions, like, I think it, it must have started with Ave back then, but just thinking like, what is going on here? Like how this is, this seems impossible. So I think it definitely takes a lot of patience, but at first it was just, you know, how many people are using the Ethereum blockchain?

[00:05:47] You know how many people a day are using it? How many people used it last month and now are using it this month again? So it was really, for me, it was really just basic before, um, really diving into like more more of the abstractions around like ave and then compound and really seeing that lending side and then really just trying to visualize like who's making big D trades, you know, just very basic, like, hey, just let's just sort dex trades by u SD volume and like, let's just see who's buying things.

[00:06:14] So I think like, yeah, at first it was like super basic because honestly it, it's very overwhelming when you first look at it. Yeah, absolutely.

[00:06:20] Rantum: I mean, having all of the data available is, is great. And it's also overwhelming, right? Having all the choices. Exactly.

[00:06:29] Elbarto Crypto: Everything's thrown at you at once. It's uh, yeah, it's a lot of our.

[00:06:34] Rantum: How did you, you know, or 2019 it was, you know, a lot of D trades, you know, then we got into, you know, the kind of defi after that and then, you know, saw, you know, NFTs come, you know, big in, you know, in 2021. I, you know, it's is when it was, you know, really took off. How did you, uh, What, what did, how did you start working with the N F T data?

[00:06:56] Um, and how'd you find that different than working with some of the, uh, the early token data? Yeah,

[00:07:01] Elbarto Crypto: I like, the reason I like N F T data a lot is because, um, the same token, i e d and the same, um, the transfers across trade. So I think one of the biggest problems you have with Dex trades and analyzing like defi data, , um, people can immediately go anonymous.

[00:07:19] Like, if I make huge Dex trade I can then just go back into Binance or just send my phones back on a Coinbase or and then it just becomes like an, an empty hole. Like, well, what happens with that person? What happens with that token? But for n n T data, since it's all on chain and you can't really, and each token is, is essentially a, a unique token, it really lends to some interesting analytics around.

[00:07:42] how long people hold NFTs. So I think that's what one of the things that drew me to it was, it's understanding the nuances are obviously like very complicated, like with lost shells, which we'll probably talk about later. But from the very beginning, it made sense to me that like ID one is always ID one and it always corresponds to the ID one.

[00:08:03] So it, it really lends to some beautiful, like long-term a. , um, with NFT

[00:08:08] Rantum: drill. Yeah. That, that non, that non fungible aspect really takes exactly

[00:08:12] Elbarto Crypto: way, right, . Yeah, exactly. I think people take, I, I think, I think people don't realize like how unique that is. Uh, and definitely allows for, for interesting transac for interesting analysis.

[00:08:22] Rantum: Yeah. I mean, I, I've definitely found that interesting. When you look at NFT collections, I mean, you can't look at trades as, you can't look at every trade as the same. I mean, there are. oftentimes reasons that things are trading at, at much, maybe something significantly higher than the floor. You know, sometimes there aren't, and you know, we know there's a lot of wash trading out there.

[00:08:42] Um, have you found that, have you found that aspect difficult to decipher, you know, what is real versus, uh, sort of the wash trade or how much do you

[00:08:52] Elbarto Crypto: Yeah. Uh, shout out to Hilda today for, for introducing a new, uh, uh, wash trading flag. So at first, like I remember this is like really dating myself. So like, well let's, you know, starting with like the looks rare, um, that was like when, when people first like, oh man, yeah, that, um, wash trade concept of like, hey, volume is exploding, but in reality like people are just nibis and terraforms.

[00:09:19] Yeah, exactly. So I think it's like, yeah, I think it. It's so interesting because you, you, you can do very basic, you can do very good analytics, just the basic, you know, SQL group buy statements, and this is, this is Data Pod Science podcast. We'll just go right into and nerding it out. But you can do very like, easy analytics with, you know, group buy day, you know, what's the volume of n ft sales?

[00:09:41] And I think a lot of a lot of mainstream publications like to just look at like, okay, um, volume is down 80. . But in reality, like it's obviously much more different than that. So, we now know that, uh, a lot of volume all looks rare was really just people farming will look for a token just mindlessly trading tokens.

[00:09:57] And so from there it, you know, it'll, it, it forced people to sort of think a little deeper in terms of, you know, a trade is not just a trade and you know, what is an actual wash sale trade or and now I think. . It's interesting because blur almost, it, it forces you to rethink about analytics once again, because we know like what a, a wash trade is now.

[00:10:18] But now there's like these very interesting, um, analytics going on about people, you know. Taking this one step further and doing all sorts of crazy placing orders like slightly above the floor price when they not be a wash sale or maybe swapping out NFTs. So like let's say if you own a board ape and you just want to farm, you don't really care what ape you own and you just kind of wanna farm the the blur sale, you can sort of just.

[00:10:42] Sell eight, buy another one, sell that one, buy another one. You're not really changing anything. Even taking slate laws

[00:10:48] Rantum: to Exactly, yeah. Of the blurred to eventual, blurred

[00:10:51] Elbarto Crypto: token . Exactly. In the hopes of getting a $50,000 airdrop. Uh, so it's interesting now, like, as these N F T models evolve for, for revenue for these exchanges, like then doing the due diligence of analytics to, to figuring out, you know, what's.

[00:11:09] Rantum: Yeah, it, it's, you know, we see these incentives and, I mean, we've seen all these, uh, sort of vampire attacks on open sea and different ways to try to maybe disincentivize people from gaming, the systems, and it seems like. Collectors or, you know, maybe not, and maybe those, I shouldn't really call those people the collectors.

[00:11:28] These are the, the people out there. There's somebody that's going to figure out how to, to make the most of the system. And, you know, it's, it's a tough one when you to, to, to look ahead and realize what people are going to

[00:11:38] Elbarto Crypto: do, . Oh, absolutely. Yeah. And I think it's, it, it's, I don't wanna say it's fa as an analytics person, but like it definitely makes you think, and it definitely challenges you to say, , how can I use data to, to understand what, what's really going

[00:11:53] Rantum: on?

[00:11:55] Yeah. I mean, it, it is, I mean, all of these different crypto charts, there's always, you know, looks all steady until there's a serious inflection point and something drastic changes. And, and you see this all the time. I mean, you know, and in just the volume that you see among opens sea and blur and, and looks rare and, you know, you, you sort of need to know the story behind why these, these things are changing so drastically.

[00:12:17] Elbarto Crypto: Yeah, exactly. And I think that makes you a better analytics person too. Like I, you know, if, if you're looking at break into this sector, and you know, like on job interviews and things like that. Like definitely bringing up points of like, well, why do you think um, hey, this data looks like the way it is. Is it sustainable?

[00:12:33] Exactly to your point. Like, is it sustainable? Like, what's really going on here? I think, do you really have a ability to differentiate, like in this space, if you can bring these, you know, differentiated analytics. So can you tell me

[00:12:46] Rantum: a little bit about block 1 99 and then the N F T Hudler segmentation that you've been working?

[00:12:53] Elbarto Crypto: Yeah. So, um, we are essentially just a research firm. Uh, we do research for, you know, individuals for protocols, uh, all across the stack. And so a while back someone was essentially wanted to understand, you know, what, you know, how people, how different N F T projects are and what their users look like.

[00:13:15] So for example, like if you have an N F T project where. , most of the holders are people that you know, are these larger whales? Maybe just like trading in and out of things, you know, what does the long-term engagement really look like versus an N F T project where a lot of people. we're in it from the beginning.

[00:13:37] And, um, they're true loyalists like of a project. And so what they were trying to understand was, you know, should I, you know, invest in this N F T project because are are the people that are really long term holders. So the way to do that, and, and it's really a, a beauty of the blockchain is you, you can, uh, you can essentially just take all the holders of a certain n ft collection and then you.

[00:14:02] uh, count how many NFTs they own. Some the amount of volume that's been spent look at, you know, are they how much wash sales have they done? How many floor sweeps have they done? So you essentially have this data frame of, you know, the 10, you know, the 5,000 holders and, you know, what's all their N F T activity.

[00:14:19] From there, you can just like run a kme segmentation to find these different, um, groups of, of people and then figure out like, okay, well what is their activity in the entire N F T space? So if you see that, you know, 90% of the holders, you know, on average holding N F T collection for 20 days, or are the, you know, top 10% of traders on X two, Y two, you may think twice about buying that FT collection because, you know, people are just flipping it for the sake

[00:14:47] Rantum: of Flipp.

[00:14:48] Right. Right. And so when you're looking at these, the activity, you're looking at activity from all

[00:14:55] Elbarto Crypto: NFTs,

[00:14:56] Rantum: that, that may have ha uh, been passed through this wallet. You're not looking at necessarily that specific collection. Right,

[00:15:01] Elbarto Crypto: exactly. Yeah. And I think like, you, you know, you can, you can almost sort of like then do this matrix if you will.

[00:15:08] Like, you could segment, um, just like current activity and then sort of like create this matrix of like Yeah. All other n ft activity to get really, like, dive into. How the users play out. But ideally, like what you're looking for and in the case of this person that they were looking for was, they wanted to see that people who are like true contributors to the N F T community or they had like strong holdings and like what would held on, would hold on a lot.

[00:15:32] think like some good examples of that are like, if you look at pudgy penguins, um, shout out to the, to the poo group. Um, a lot of them have, if you, you just look at simple like distributions of how long they've been the project for. Like a lot of them, um, have held since the beginning almost. And so you kind of look at that community and say like, okay, is that's something that I wanna do for the long term.

[00:15:54] and the price. And, you know, the price has done pretty well. They had on a recent mini surge this, um, past couple of weeks. But it makes sense because, you know, just the supply of, of poos to hit the market is if no one's selling, it's always going down the, the number, the amount of supply that's hitting the market.

[00:16:11] So, um, it makes sense that, you know, eventually, uh, Prices price go up. So Right. Versus, uh, versus like, you see

[00:16:20] Rantum: the sustained interest, I guess is, is something that it's a little hard to measure from inactivity, but if they're not, if they're not dumping, there is something there. Right. . Yeah, exactly.

[00:16:30] Elbarto Crypto: And I think that's the, that's like the holy grail of NFT engagement is how do you measure engagement of, of the nons sellers.

[00:16:37] Because right now I, you know, Like volume does not equal engagement. If someone is selling their N F T, they're the least engaged with the brand.

[00:16:45] Rantum: Right, right. Volume is is a very poor measure of, of the quality of a

[00:16:50] Elbarto Crypto: project. Exactly. I, the problem is like unfortunately, like we don't have another way to, to do this.

[00:16:55] And I think like the ways so far, it's interesting looking at the, the board ape ecosystem and, and, and maybe you can see. , you know, how many people are participating in governance or how many, you know, a polls also hold ape coin. But, you know, getting outside of the blockchain, you know, engagement becomes a much more interesting thing.

[00:17:18] I think the evolution of NFTs should be some sort of like, loyalty, you know, coming back to the marketing world, you know, some sort of like marketing, uh, you know, CRM engagement platform where you can engage like outside of the blockchain. . Uh, so it's, it's, it's definitely in its ancy. And I think I'll, I think, I think NFT brands that are, are data first and are looking to expand their analytics capability are definitely gonna do better.

[00:17:43] Rantum: Yeah. It feels like there's just a lot not being used. I mean, you can obviously find out so much about your, your holders and what their interests are just by looking at the wallet, and I don't think that's being, being used by many, uh, project creators or uh, leaders at this point.

[00:17:59] Elbarto Crypto: Oh yeah, absolutely agree.

[00:18:01] Rantum: Um, so you've developed something called an nf or you're working on something called an N F D D Gen Score. Can you just tell me a little bit about that?

[00:18:08] Elbarto Crypto: Yeah, so I'm looking for someone to take this over actually. So DM me because I'm going out on crypto paternity leave soon. But essentially, uh, there's something called the defi, um, D Degen score, or it's just, I think it's just called DEGEN score.

[00:18:23] um, your defi activity, right? And I, I want to build, I'm in the process of building, haven't built yet. Sort of like this N F T engagement or D gen score of, okay, how many you know, how many projects do you hold? How many mints have you done? How many, how many trades have you placed? Um, the idea here is more along the lines of it's almost like a segmentation, but.

[00:18:46] if you're an N F T project, that's going to whitelist some you know, whitelist or project for certain holders or addresses. It would be nice if you had an idea of, of, you know, who would you want to whitelist this for? And like, do you wanna exclude certain groups? Do you wanna include only people with above a certain score or, you know, have had certain engagement?

[00:19:06] So I think it's like really meant for, you know, hopefully for projects to better understand. , Hey, let's, you know, make this let's make this white list. Like for people that really care about NFTs or like people that aren't just gonna like immediately dump, um, these NFTs. So there's a lot of ways you can do this.

[00:19:24] I, I would want to almost optimize this for like, engagement with NFTs instead of just like farming to dump. But I think that's where the hard part comes in.

[00:19:36] Rantum: Yeah. Yeah. I mean, I think we're seeing, I mean, we're so sort of a misalignment, so many places of, you know, where are the, you know, what is activity and, you know, what, where is the, you know, where are the royalties coming from?

[00:19:46] When you're thinking about all these, uh, these different issues, it seems like we come back to the same thing. The people that are are selling are the ones that are co, I mean, you know, obviously a, a cell requires a buy, but that's when the, the income comes into a project. When. Ideally you just want nobody to, to really wanna sell.

[00:20:05] Right? And

[00:20:05] Elbarto Crypto: yes. Yes,

[00:20:07] Rantum: exactly. How do you, I don't know. I'm not, you know, I see that one, I know that one of the projects that you wanna work on is, uh, trying to calculate the royalty income and, you know, do you see that as being a sustainable model going forward?

[00:20:21] Elbarto Crypto: I, you know, I'm very mixed on this because I used to think, like, I used to want projects.

[00:20:26] I used to really like the royalty initiative because I think it is fair in some sense. . I think if we were to eliminate royalties like tomorrow, I think they would force N F T brands to start thinking of like alternative business models because yeah, like as we said over and over again, like the royalty optimizes towards people selling.

[00:20:47] In reality, it should be the complete flip of that. Like the most engaged people, like across every brand, the most engaged people with the brand are the ones like creating the revenue for you. I, while I, I don't know exactly where I fall in the royalty space right now. I, I, you know, it's not, luckily it's not my job to do that.

[00:21:07] Yeah, right. . But I think that like, it would force n f T brands to think of new revenue streams that I only think will help them. Because right now royalties are obviously limited to people that are buying and selling NFTs. And the goal is to. a brand. Just a brand in general, right? Like when you think about Ferrari, like everyone knows Ferrari.

[00:21:30] Their, their brand recognition is beyond anything. They, I, I was surprised though. I was looking at their, their income statement and they, the majority of their money, they still make off of selling cars, selling parts, et cetera. I think only like 15% of their revenue comes from like merchandising and things like that.

[00:21:46] For an N F T brand, that should be the opposite. It, in my opinion, like 15% should come from royalties and then 85% should come from some other I don't know what that is. Hopefully someone smarter than they can figure that out, but yeah. Yeah, it's

[00:21:58] Rantum: tough to say what that is because they're, you know, as collectors.

[00:22:02] I, I think people expect to get something from that. Mm-hmm. . And as we've seen recently with the, uh, artifact uh, Nike, uh, project, you know, people are not terribly happy when the, the, the next part was the ability to buy something and, you know, maybe a discount. So, you know, I think that still has to be worked out and I'm, I'm curious where that does go.

[00:22:23] Yeah, I'm not , I'm not exactly sure where I fall overall, you know, I'm very pro royalty. Artist, but I think that's a very different thing than, than these 10,000 piece collections. You know, when I think of art, you know, I'm thinking of small collections or, or even one of one. I see that as being a sustainable model going forward.

[00:22:41] Very different than, you know, 5,000 or 10,000 because you've always got other people that are, I mean, it becomes a bigger issue for the liquidity of a project when you've got a five or 10%, um, royalty, uh, fee built in.

[00:22:54] Elbarto Crypto: Oh yeah, absolutely. Like the art box, when you have only have 200 of them, you would hope, yeah, you would hope that some sort of wallet royalty, right?

[00:23:01] Yeah. But um, it's also, yeah, like when people expect something, it's like they, they don't understand like the, the basic like lifetime value, the customer acquisition cost ratio, which is, which is completely flipped now because if I buy a doodle right now, uh, doodle will get, you know, whatever the 3% of.

[00:23:24] $6,000 sale. So let's call it $180. Like great. Uh, yeah. That, that's tough for them. . Yeah. Yeah. To give me more, uh, to give me, I, yeah. I think people definitely expect $180 more of stuff. And I know, I hear, I hear doodle putt was really fun, but. .

[00:23:44] Rantum: Yeah. I didn't make it over there. I was, I was down in Miami and I did not get to go to that.

[00:23:48] Elbarto Crypto: Unfortunately. , I'm sure, uh, I'm sure many of the doodle holders though are, are, uh, negative. Uh, yeah. So that's like one of the issues, right? Like if you become a doodle holder, you expect the world, but like the, the economics just don't work yet. Hopefully they do in the future, but Yeah. Or like, I mean, I think this, like, I think this introduces like new.

[00:24:10] New forms of business. Like if, if doodles were to, you know, create these events, but like you could lend your N F t to somebody to go, or you know, that they would pay a fee and like lend a doodle or something like that. I think like there could be interesting innovation there. It's just.

[00:24:28] Rantum: Yeah, it is, it does feel like it's still to be determined how, how to really structure these for, for a longer term.

[00:24:35] You know, it, it reminds me a bit of. Just as you saw advertising in, you know, online advertising, it got more and more expensive and, you know, there's more promotions and, and things to get people to come and, and click. And, you know, you're talking about the, the lifetime acquisition. You know, it went from early on when you were advertising on, on Google, you know, you could make.

[00:24:54] You know, you could even maybe make a profit on, on a sale or something. And then it turned into a longer and longer lifetime and you just saw that the cost go up as it sort of got inflated. And, you know, I think Barta that was maybe, you know, there was obviously more money being spent and you saw that there was a lot of, a lot of venture capital coming in.

[00:25:12] Um, I'm wondering like how that's going to start affecting. , you know, these rewards and everything. You know, if it's going to be, you know, in, I mean, I assume that it's going to get redistributed, they're like less middle men. You know, you can, it's being given directly and, you know, it's hard to recognize what is, what's, what's real versus, you know, what's sort of artificially pumped in

[00:25:32] Elbarto Crypto: Yeah, absolutely. I, yeah, and it'll probably take another year to play out to see what these, yeah. What this looks like. But,

[00:25:38] Rantum: um, what else are you, uh, excited about? Right. .

[00:25:40] Elbarto Crypto: I think definitely like the more of the in-person experiences, um, within the NFT space. I think like I, I, I am glad everyone is mad at like Live Nation and Ticketmaster right now because I, I hope that, uh, I hope that somehow the N F T space, uh, can solve for that somehow.

[00:25:59] Uh, like I'm a big fan of India Top Shot. I, the product is beautiful. It's just a, it's a great experience, but you know, like as a, as a, as a top shot, like minnow, not quite a plankton, I'll, I'll call myself a minnow. Uh, you know, I'm definitely looking for that, like further engagement of like, with, you know, with the team that I like or with the player that I like.

[00:26:22] Like how, how does that like work and, and, and sort of like what's the next step for them. Certainly looking for, you know, forward to that. And then I think like on like the zuki uh, collection, you know, I. , I kind of wanna see. They have great, like website. They have a great website right now. I think they're, you know, they're branding.

[00:26:40] It's really on spot. I'm, I'm really a

[00:26:42] Rantum: lot with, uh, with, with wearables as well, right? Yeah,

[00:26:45] Elbarto Crypto: exactly. Like I saw, I, I, I was just like walking around, uh, where I lived the other day and someone was wearing, wearing a, um, a Bathing Ape shirt and I'm like, I'm like, oh man, I, I'm kind of like, I'm hoping like bored ape supplements that, or something like that.

[00:26:58] So I'm definitely looking for these like real world experiences, like the bridge between the two and then, yeah, like in like the new innovations of, of business models for these, uh, and like when, you know, when everything will just airdrop, you know, that's what I'm looking for. .

[00:27:13] Rantum: Yeah. Right. Air when Airdrop

[00:27:14] Yeah. When

[00:27:15] Elbarto Crypto: airdrop, I'm just gonna mask token. Yeah, yeah. Exactly. Just one day, just give it all to me, you know? Right. Yeah.

[00:27:21] Rantum: That would be, those were nice back, back when those were just coming out every couple weeks. Right. it, it was nice. Yeah, it was

[00:27:28] Elbarto Crypto: nice. Uh, have

[00:27:30] Rantum: you been to, uh, many in-person events or have you gotten to get to.

[00:27:33] Elbarto Crypto: I, you know, it's funny, before the pandemic I used to go to a lot and I tell this funny story of, um, I went to a, this is like really gonna show my age. I went to a Dere meetup which is, for those who don't know, is, uh, is a, a Bitcoin esque product. And, um, , they, the where I went, they ordered, um, they ordered 10 pizzas, but only eight people went to the event.

[00:27:57] So, uh, that just kind of shows you like how, uh, popular crypto was in

[00:28:03] Rantum: 2018.

[00:28:05] Elbarto Crypto: I wanna say. This was, um, I bet they didn't pay for the pizza with Bitcoin anyway. No, they, no, they did not. Uh, they used good old Uncle Sam dollars. So it's. It's really interesting to see like how how far things have come. And, and I was, uh, I went to an event, like a coup, a pretty small event, um, about a couple months ago.

[00:28:25] And, um, it's good to see the energy back with people. Um, I like to see that. I, I, uh, I think I'm gonna make a huge, you know, I'm, I think I'm gonna make a splash next year by trying to go to some of these places, but, um, it seems like, uh, it seems like, yeah, there's good energy there. . Uh, yeah,

[00:28:42] Rantum: I've enjoyed getting out to some events.

[00:28:44] Just was at Basl as I, as I mentioned, and, uh, hoping to get to N ft N YC again, uh, this coming year. They seem to just, uh, make, make it difficult and move the month every , every event, . Um, lovely. So you can't really, you can never predict it, but , did you say anything?

[00:29:01] Elbarto Crypto: Was there any interesting activations at, at Basil?

[00:29:05] Uh,

[00:29:06] Rantum: so NFT now had a big. Two blocks are so. Just for their own event. But then they had different booths within there where art blocks was there and Meta mask was there. And, uh, nine dcc, uh, which I talked about, um, recently, they had a min a shirt there, a one of 1200 was a snow fro. Oh. Uh, inspired art on this shirt.

[00:29:32] So they worked with him on that. So there were some, there were some definitely cool, uh, N F T events. Um, you know, it was a little quieter in the N F T areas than, than maybe I I expected, uh, compared to, compared to something like, I mean, N F T NYC is just, it's, it's pretty big, you know? I know there's.

[00:29:49] There's some complaints about, uh, the event. And, and I would also say that you don't necessarily have to go to, to the official event to, uh, to find many things to do. I mean, that's, that's, that's definitely the case at Basel, you know, where it's very unofficial. It's part of ma maybe it's part of Miami Art Week.

[00:30:05] I'm not sure if it's technically even, even that. Mm-hmm. Mm-hmm. Right, right. But yeah, the in-person events I think are great. You know, I think people are still kind of getting out and I think part of, you know, even the, the fashion things, it's part of kind of bringing. Off the screen, off the, you know, off the computer and making it a little bit more real

[00:30:23] Right. Exactly.

[00:30:25] Elbarto Crypto: Step away from farming. It'll be, you'll be okay. You don't have to get all of them.

[00:30:29] Rantum: Yeah. Right. , So you have, you have some new dashboards coming soon, but you are, you're well right now. It sounds like you are, uh, paternity leave. Huh?

[00:30:38] Elbarto Crypto: trying to figure out how to make, how to do a swaddle. Yeah. So, oh man. Yeah,

[00:30:42] Rantum: I remember that one. .

[00:30:44] Elbarto Crypto: Yeah. Any need tips? Let me know. Yeah, I mean, I'm always looking on, you know, always looking for new data.

[00:30:48] Um, always trying to build, you know, Data dashboards really to help people understand, you know, how data's being surfaced. You know, I've got a lot of like, you know, research projects on the back burner. Really trying, really, like trying to go after this question of like N F T engagement and you know, what kind of, who will be around for the long haul.

[00:31:07] And then really, I am very curious about this defi N F T overlap. I, I think there's very, you know, I think the two are very separate right now, and I think people just assume by building a, a lending NFT platform that everyone will just come, you know, no questions asked. But in reality, the reason people got into NFTs is not because.

[00:31:33] they're also excited about uncollateralized lending. Like they don't know what any of those words mean. And frankly, I don't think , I

[00:31:40] Rantum: don't think anyone. Right. Yeah, that's good. Good

[00:31:42] Elbarto Crypto: point. Yeah. So I, I, but then at the other hand, like on the other hand, I, I think, you know, if you have a board ape, you know, if you did get lucky and held on for all this time and you're sitting on, you know, $70,000, , it would be nice, you know, to realize some of these profits or, you know, maybe you have a dog who's going off to college and, and you need to pay tuition.

[00:32:07] Uh, you know, it would be nice to realize maybe the little, these profits, um, yeah,

[00:32:11] Rantum: right. For fractional

[00:32:12] Elbarto Crypto: ownership. So I think it's definitely an un, an untapped area. I, I don't know how it'll work though in terms of UI and, and execut.

[00:32:21] Rantum: what, uh, what, what, what have you been active with in what, in your wallet Recently?

[00:32:27] Elbarto Crypto: What has been my wallet? I, you know, I'm like a, a real, a real defi, uh, degen. Uh, recently I've been, uh, I've been, I was like really bad farms that I've been going into. It's, uh, it's pretty sad. I, I've been trying to figure out recently, you know, some of these like NFT projects that have really gotten sold off.

[00:32:47] there's a lot of work going behind the scenes. So like Rumble Kongs, for example. Um, this was like a project that really, you know, had a lot of hype. Um, so I own a couple Rumble Kongs in, in full transparency. This is a project that got a lot of hype. I think Steph Curry was wearing a Rumble Kong hat at some point.

[00:33:04] Okay. ? Yeah. And like they have people working on it behind the scenes. You know, there are, there are truly people working. They are alive. Um, they are, you know, programming. I'm, I'm gonna check, I'm gonna check the floor

[00:33:15] Rantum: price right now. Here's mine. And the ones that are, they're still busy and haven't left.

[00:33:20] I mean, we know that a lot of these are going, they're going to zero. And, um, it is. You know, finding the ones that are still busy and gonna keep building through, you know, through the bear. That's, that's, uh, it's key if you can find them .

[00:33:34] Elbarto Crypto: Right, exactly. So, yeah, you know, I'm kind of looking at that area a little bit.

[00:33:38] I've been trying to like, you know, look at more like these illiquid art blocks, collections. Yeah, . I just don't know right now like what the best way. I don't know what the best way to display them or engage with like other people or like really engage with the artists is yet. So I'm still trying to like, I also just don't want to get ripped off by like buying, you know, something for like four E and then being like, what have I done, like

[00:34:02] Rantum: immediately?

[00:34:02] Right. But I mean, there's some, there are some very pricey, very illiquid pieces in, uh, in our blocks. You know, there's definitely some, some grape buys. Uh, can be difficult to tell the difference. And, you know, that that's the beauty of NFTs, right? , yeah, exactly.

[00:34:18] Elbarto Crypto: Um, you know, I, I respect what the pudgy team is doing.

[00:34:20] Uh, I don't own any poos maybe, you know? Yeah.

[00:34:24] Rantum: That is impressive. They're, they're the strength of the holders. The D Gen score is high, huh? Absolutely.

[00:34:29] Elbarto Crypto: Yeah. And they're really, uh, they're really executing there. So, um, you know, shout out to the team there for. Putting something good together. So yeah, that's like, I've been really trying to think about like, you know, what projects are still actively being worked on and, and sort of like, can you scoop up any, any good values?

[00:34:46] Uh, yeah. And like, you have to like what it is, right? I mean, like, I don't, like if I buy something I, you know, honestly, like I don't wanna sell it. I, I, uh, You know, I'll just hold on

[00:34:55] forever.

[00:34:56] Rantum: That's the best way, right? Just by what you, what you actually want to own .

[00:34:59] Elbarto Crypto: Yeah, exactly. Yeah. That way if it goes zero, you feel a little less bad.

[00:35:04] So

[00:35:04] Rantum: yeah. Hey, we all have at least a few of those, right? Oh yeah. Oh yeah. Awesome. Uh, so where can people find you and, uh,

[00:35:12] Elbarto Crypto: You. Yeah. You can find a very inactive crypto account starting today at El barto underscore crypto on Twitter. Uh, I'll be back in February. Don't worry.

[00:35:22] Rantum: You do have a list of, uh, research for I, you know, people will wanna get some homework.

[00:35:25] There's, there's some .

[00:35:27] Elbarto Crypto: Yeah. If you feel like you have nothing to do over the, over the break and, uh, you wanna. do some NFT research. I have plenty of projects for people to hand out. So Is the baby here already? No. No. It, it's coming soon. Yeah. All right. Well,

[00:35:42] Rantum: so very exciting. That's awesome. Um, anything else you wanna add before we sign off here?

[00:35:47] Elbarto Crypto: You know, I would add if anyone has any advice on having a bo a dog stop barking in a shadow, like please reach out to me because, uh, it's been a, a constant thorn on my side. He's a great, he's a great pal and a great farmer, so welcome to you.

[00:36:01] Rantum: That shadow's throwing him. Awesome. Well, thank you so much Alberto Crypto.

[00:36:04] This is awesome. First interview. Uh, very excited, and we'll have to talk again soon.

[00:36:10] Elbarto Crypto: Thank you, sir. Thank you, sir. All right.

How did our predictions pan out? 

• Coinbase NFT

• Superbowl

• Games

• Music

• World cup

• NFT tracking tool value (NFTs as SAS)

• Don’t trust solana

• The MERGE will boost the market

• Project: Etch by Deca 

• NFT News

• • Justin Bieber, Jimmy Fallon Among Celebrities Sued Over BAYC Endorsements 
  • O.G. Audio App Winamp Adds Ethereum and Polygon Music NFT Support - Decrypt 
  • NFT Minting Goes Stratospheric on Sound.xyz 
  • Apple Plans to Allow External iOS Apps in Potential Boon for Crypto, NFTs - Decrypt 

Rough Transcript:

[00:00:00] today on all about affordable NFTs, what went wrong, celebrated our wins, right? What went wrong? What went so wrong? We're looking back at our predictions, uh, and, and the year in NFTs a little bit. . I think this is what I like about the episode we did a little while back that just reviewed every single project that we recommended and just held up the mirror, and this is kind of doing that, but with what we were speculating about around this time last year, December, January, periods of time, and seeing how it either held up or didn't.

[00:01:16] Uh, gosh. Anything new in your wallet? What's going on for, for you? Right.

[00:01:21] Uh, no, nothing too new in my wallet. Recently, I talked a bit about that edge project. Haven't done much, uh, much else since then. Um, You know, I guess, uh, you know, looking at, uh, looking at moving some of the, the, the mistakes that I've made, you know, those, uh, end of year, uh, tax harvest, tax loss harvesting, so working on that a bit, but that's, uh, you know, that's not that exciting to talk about the, the lose the losses, right?

[00:01:50] No, but I guess that's, that's true. I've also been doing a lot of, moving of, of pieces that I had. I, I think it's super important because, you know, I, I look back and there were moments where, Liquidating staked coins to buy NFTs. And like both went down, but at the moment of liquidation, those coins were actually worth quite a bit.

[00:02:08] So really spend some time doing that because frankly, it's locked on the blockchain and if you don't do it now, you're gonna kick yourself to earn tax time. So, you know, go back, uh, and, and really, uh, look through those, look through those losses. And also think about any moments, like, I'm, I'm thinking back to my Peg Axi stuff where I was like, you know, VIS was pumping that was like that, like fake coin.

[00:02:30] these like, uh, flying horses threw off and I couldn't believe how much money he was coming in. Sorry, which, which fake coin from which horses? Which fake coin? This is from Pey? Uh, not, uh, no, no. Not my, my very legitimate horse racing. Um, on Zed, which I love. But no, but like, here's the thing. Those coins were worth a lot.

[00:02:50] I was getting them, I was selling them, but then I was like half of those money I was using to buy more stupid flying horses. Um, and so the part I saved, I don't regret, but the part I spent technically, those were taxable events. I bought an asset then, then went down. So just play that out in your mind as you're like doing your your N F T harvest.

[00:03:09] Yeah, we talked about this a bit more on a recent episode, so if you didn't give that a listen, you know, because it said taxes in the, the title, um, might wanna go back and just give it a, a quick listen as you're, uh, getting towards the end of the year here. Yeah, yeah. I, that's true. All right. What have we got in the news?

[00:03:27] Oh, right. So, man, we talked about some of the. It's the big grifts that were happening in. Man, this looks a bit , a bit like some of the ones, some of the items that we talked about in that last episode. But there are, uh, people coming after Justin Bieber, Jimmy Fallon, uh, for their basey, the, their board ape endorsements.

[00:03:49] I'm not saying that those are related, but man, this does, uh, it doesn't look great and it, there were a lot of suspicions at the time of, you know, how much they were maybe getting paid. , you know, that wasn't on the chain. Uh, and that they were being, these were basically being purchased by Moon Pay on behalf of celebrities.

[00:04:06] So it's not entirely clear how much, uh, the celebrities were paid versus getting paid. And we may see, uh, some of that information come to light with these lawsuits. Yep, yep. There's a big difference, right? If you're getting paid to sponsor a thing, you're need to disclose. , if we were running ads, if we were like, we were also try to be clear on, you know, this podcast when we talk about, oh, like I, you know, I make my jokes about Polygon, but yes, I hold polygon.

[00:04:35] Like when we own a project, we, like I hold this project. You also have to say if that project was given to you or paid for by someone else, because there's an assumption from the market that you chose to freely of your own will go and, and buy a thing versus, no, no, I've been just paid. Paid to drink smart water.

[00:04:53] Okay. That's. But you need to disclose that. And I think because of this like gray area of like, oh, it's an N F D, like it's, you know, totally on the blockchain, no one will tell like, if you're doing something wrong and you know it, like people are gonna find out , like, especially if you're a celebrity. Uh, I'm here, I'm here for those, uh, for those investigations.

[00:05:14] I'm here for that. Yeah, I'm, I'm very curious to see what happens with those. Some get some, uh, some juicy information on those deals. All right. We get the next one, man. Actually, you called this. You freaking called this without. I never even saw it in the news. You were always calling this though, so you're good to have a I told you so.

[00:05:32] Woo. Nice. . You get no money, no fanfare. Yeah. , I afraid. Oba. A whole bunch of smugness. You can be so smug. Yeah. Maybe. Yeah. , smug mug. . Oh man. So we've got another old, you know, early internet era, nineties internet era, uh, company making it a comeback. I guess some of those. Os, uh, like Limewire and some of the others, but this one we've got Win amp coming back with a N F T with a music player that will support NFTs music.

[00:06:05] NFTs. I actually think this is kind of cool idea. I don't know how to play music NFTs other than going to a website, and I know that that's not very, it's just not a way that I'm gonna ever listen to a collection of any, or, uh, listen to my music. It's having to go to a website for. Specific song that I wanna listen to.

[00:06:24] So I haven't tried this out. I like the idea of actually being able to bring all of your collected music into one interface and play it all there. I can't, I, I was actually a little surprised to hear that Win Amp was, was around it all. Not clear to me if this is an original, you know, original, uh, company that's still working on this, or if it's been bought out.

[00:06:47] But, eh, I used this project for, for years, back in the day. , there's something romantic about this. I, I, I was so ready to hate this, and I have to take a step back and say, yeah, I'm from also like an era where I would play a record. I would play a cassette, I'd play a cd, but I could, you know, in those moments, you'd be showing to the audience or to whomever, like especially if you're playing a record, like I have that record.

[00:07:14] And for NFT music, a lot of it in your mind, you're like, oh, just play it on Spotify. You're like, that doesn't exist on Spotify. Yes, you could right click save, dump it into a file, push it onto a server, connect that server to your spot, like it gets a bit of headachy. But then there's also this like, oh, if you're playing it for friends or doing something like that, I could see it whole like device standalone to be like, in the same way that we're talking about digital picture frames, my mind immediately goes to, you know, it's an N F T player and it could have N FFC functionality so that if somebody else were.

[00:07:48] They could be like, Hey, here's my album that I have. Like Oh cool. Just makes it a touch. More romantic. An I R L sense. Yeah, it does. And I, you know, I think they, yeah. They're onto something here. You know, we've , I dunno, this next one actually is, is maybe somewhat related. Uh, the SOUND XYZ platform has seen some, some impressive usage recently.

[00:08:10] Uh, that's the, the title here is say that the NFT Minting goes Stratospheric on sound. . So this is, you know, I know what that, I'm not sure if I'd quite go that far, but, uh, you know, we do see. The, it's getting used. There are more people, uh, starting to get into, into music NFTs. Um, you know, it's something that actually I, well think, we'll maybe touch on this later, uh, that, you know, I had talked about early in the year, and for the most part I would say that we haven't seen music NFTs be a major, uh, Major impact on the N F T marketplace, um, overall this year.

[00:08:45] And there's a lot still happening. Uh, you see a lot of new marketplaces, a lot of new tools being introduced for, for music creators. And you know, like to see that, that there are mints, uh, happening, even if it's not maybe, uh, you know, the, on everyone's, you know, the, you know, it's not the front page of open sea or anything like that, but there's a lot happening here.

[00:09:06] But still alive. And they, uh, share some of their data. They've onboarded 240 artists, dropped 709 tracks, reached 6,200 unique collectors, minted 33,000 NFTs and paid 4 million directly to artists. I think that's, you know, pretty great. I think on the, the million, 4 million to artists, uh, that's something pretty impressive because, you know, it takes a whole lot on Spotify to like earn enough 0.0000.

[00:09:34] You know, units of money to actually get there. So, uh, I like that final stat. I'm less impressed actually by, uh, by the mint volume there, you know, in terms of 33,000, you know, like that's like, you know, a, a Tuesday on, um, Tuesday and Open Sea. Hey, I mean, Reddit's, uh, certainly putting up much bigger minting numbers than that, but yeah, 4 million directly to artists.

[00:10:00] I think there is something there. You know, as you said, the, the, the royalty structure in streaming music is not very good at all for, for artists, and I think that there's a, a real, uh, potential to solve, uh, some, some problems there anyway. Oh man, what a reversal here. So Apple, we talked about Apple a couple weeks ago in that they were going to impose a 30% tax on all transfers, including going, uh, trying to get a cut of gas fees, Ethereum gas fees for, for any transfer if even a from of a, of an N F T from one wallet to another.

[00:10:38] Now, uh, seems like they, they maybe are, are listening to feed. Seems unlikely that Apple would do that. But, uh, I suppose if they actually do once in a while, listen to what people have to say and they have reversed that they're going to allow, uh, external, um, apps in that could bring in crypto and NFTs. I, I'm quite surprised by this, the idea that they will allow external with apps, This is, I mean, they've never allowed external apps at all.

[00:11:05] So I think there is some something here, like there probably, there seems to be a distinction of what they'll allow in the, in the app store. These are, if you, early on there, there are many features that were not available on on iPhones and there are a lot of, uh, and he would jailbreak them, definitely used to do that, to even able to get a lot of other features that, uh, from apps that weren't allowed.

[00:11:28] So I think it'll be somewhat like, That you'll be side loading these. Um, most Android phones also do this where you don't necessarily have to get an app through the official play, the Google Play Store, you can get them from unofficial, um, you can get an unofficial app. Uh, but it's sort of a use at your own risk, uh, mentality on those from, from Google, from Apple, I assume, with this one as well.

[00:11:54] So, uh, Hey, I think this is better. You know, I think they maybe realize that there's , you know, that's a potential huge loss of, of a cust of customers if there's really no option to, to interact with, with crypto outside of paying 30%, which is, you know, just completely unfeasible. So what I'm reading, and obviously the news is updating by the, by the day here is.

[00:12:18] They're preparing to open iOS competing app stores and that N F T component only for the European market, but not the American market. I missed that part. . Maybe I'm reading this wrong, but uh, as I go down that article, like, uh, oh yeah. Mark Irman writing for the Bloomberg says Apple is preparing to do this.

[00:12:42] So it wasn't clear to me if I, I see that they're doing it to comply with those, if I've read it as they were, that was sort of the impetus. But not that it would be different for the two stores, but that is possible that they would act. Yeah, that it could just be that they allow it where they have to and, uh, and not allow it in the us.

[00:13:05] Yeah, this isn't, I'm not dancing, I'm not dancing yet in terms of this being like, oh my God, everything's gonna change. I'm not heading back to Apple with my phone, but also choice anytime soon. . No, no, no. Uh, also though, like just as a reminder is technically impossible to charge a 30% fee of gas because that would change the transaction amount, which would change the gas, which would change the transaction.

[00:13:33] It is a recursive loop that doesn't end a snake eating itself if you try to take it in Ethereum. But if you just said you try to take it in the actual transaction to it, if we're going to just say, well that was $12 and 38 cents in gas, we're going to charge you 30% on your Fiat Apple Pay connected credit card or whatever.

[00:13:53] Um, , I'm sure they'd be happy to do that and, and send you the accounting for it too. Figured the way to do it, I guess. Yeah. , but absurd. Absurd.

[00:14:04] Okay. I think, I think you talk about the, the project Etched by Deca. I know you were excited about it on the last episode. I've actually minted one of these and I, I think it's like pretty cool. So here's my, like, layman's understanding of this. Like I connected my wallet, I. It looked through my NFTs and said, Hey, take one of these and then shove it through this algorithm that makes it into this cool etch, which is like, you know, uh, obviously a generative art piece, circular multiple colors.

[00:14:38] It looks like one of those, like, uh, Steno grafts. I'm pronouncing it wrong, but like, you know, where you have those like various designs where the pencil goes around in a circle? In a circle and, uh, it's a good looking thing. I guess I don't fully understand it. Maybe you can explain a bit more. Yeah. Uh, I could try to, I know that it's a, it's a experimental project from Deca, as we talked about.

[00:15:01] And, and Matt Cain. And Matt Cain is the, uh, he's a very, one of the earlies. OG crypto artist. He's been around the space for a long time. He's, uh, one of the early, uh, super rare artists, has a lot of pieces there, um, that, um, go for a, a very premium price. He's also the artist behind the Gazers Arc Blocks collection that, um, I think is now at something like a 35 eighth floor.

[00:15:26] Um, and it's a very interesting collection. He's a. Big time in the big time coder in the way he goes about his art. Um, those pieces, the, the Gazers collection changes over time in response to the moon phase. Um, and this project is definitely experimenting with his, with his coding and bringing in, uh, bringing in.

[00:15:45] The, your own bringing in collections or pieces from your own N F T collection and then combining it with, um, with these works as just like, as George was saying, I think it's a stenograph maybe, is that ? I dunno the exact word wrong. I love somewhere someone was like, they don't know the answer. It's stenograph.

[00:16:04] So then, yeah, then you've got the idea here is that you can etch these words onto the blockchain. You know, he's saying that we don't actually get words typically etched on the blockchain. So you, when you, you have to add text into this, um, in order to sort of commemorate, them to, to remember these words on, on the blockchain.

[00:16:23] I don't know where this project. obviously in the future. I think, you know, there's a lot of potential for, you know, maybe using these to combined in, in further ways or even, you know, to string different words together. Um, you know, I have no idea what may play out here. I would just, I'd be surprised if this were the end of it.

[00:16:43] Um, other projects that they, I mean, their DECA project is an ongoing, um, Just an ongoing creative project where you, they keep adding new levels that you can get to with points. Um, I think they, well, they've done, they've done a piece with, uh, with X copy in the past, um, that has given a holders access to, or given them, I, I think, I mean access, but has given raffle, um, Raffle entry, uh, two.

[00:17:13] And I, you know, there, I just think that there's a, a good chance that they will, they will end up doing more with this. So probably worth minting, uh, one at least. And, you know, maybe a couple if you want to experiment with, uh, you know, putting maybe a phrase together. Yeah. I put my, one of my favorite, my noun, uh, my noun 83 in there, and I minted that out.

[00:17:34] I think it's worth it for mint price, uh, and has upside to get to play with some tech. Um, yeah, I like this project. Uh, so it's deca.art. Yeah. Show us, show us your, your, your cool ideas in the, the discord. You know, show us the words that you came up with and, you know, just, just don't say anything too bad about us in, in, in the description.

[00:17:52] Hello. That's right cuz whatever you put in the description is actually minted there. Worst idea ever. Terrible. It's actually kind of interesting. Um, Alrighty. So the theme, what we get wrong, so we're looking at back, you know, we scanned through our, what we were excited about, kind of podcasts and what was top of mind.

[00:18:13] So last year around this time, we were very excited about. Coinbase, n f t. It was like when, when we actually have an episode when Coinbase, n f t as though it were like some magical event that would automatically turn all of the users of Coinbase into fervent rabid N F T monsters. Uh, how did that play out, Andrew?

[00:18:38] Ah, I mean, Coinbase NFT is out , um, it's. Uh, maybe it's maybe not as big of an impact as we thought. Is that, does anybody understating it? ? I'd put it at the top because I think it's the number one thing we got wrong. I learned a lot actually. Whenever my expectation versus reality is like that high a delta, it really helps me like look back and be like, like, what don't I understand?

[00:19:06] And I. From that point, I, I think was too much in the world of like how excited I just was about the ownership of NFTs. And I thought when other people got this opportunity, my assumption was that it was a barrier to entry. Like it was some sort of like, oh, too hard to cross into this ability to purchase things and Coinbase will make it easy.

[00:19:28] And it's, it's not about ease of purchase necessarily, uh, or at least the way they. . Um, it's really about the different ways that functionality has to be built into things. So, you know, I, uh, I had this assumed thing that would be automatically adopted by everyone has of the market, and instead it was like a dead feature out of the door.

[00:19:48] Yeah, I think there was maybe more self selection than we realized in the people who were interested in NFTs. They had largely already found their way to. To self custody to to use meta mask. Yeah, largely meta mask. , maybe some other , some other, you know, extensions, you know, and at the end of the day, you know, we're we're saying it was a huge hurdle and there's a lot of people, if you've really wanted to get into it, it's not as, as, you know, people listening to this, you know, you know that you can get into NFTs and, um, it's not the most technically challenging thing if you, if you really want to do it.

[00:20:25] So, you know, the idea that maybe that was the biggest hindrance, um, to holding. You know, to holding people back, you know, that were, were into crypto, but didn't want to, to get into, or that, that wanted to get into NFTs and just didn't have access to it. Yeah, I think we made a big mistake there and it's definitely something I've tried to keep in mind.

[00:20:45] you know, as, as new projects have come out, new products are released, . Okay. Another one, sort of a prediction thing we were looking forward to was the Super Bowl. We thought that NFTs would be featured prominently and crypto would be featured prominently. Following onto adoption, what we didn't realize is that one of the biggest advertisers for crypto in the Super Bowl was actually one of the largest, uh, perpetrated Ponzi schemes in recorded history.

[00:21:12] Ftx being the leader out there paying for a lot of place. . And so it actually had the complete inverse effect. Yeah, there was, I mean, we did see a few ads, huh. Um, from some big companies, but yeah, it definitely did not bring people in, in the, yeah. In the end we saw a lot of celebrities pumping N F T or probably crypto, that's not looking so good anymore.

[00:21:36] It definitely, again, you know, I think we're, it was the idea that, you know, More exposure, just gonna bring people in. And you know, we had already, we had seen that wave. I think that wasn't what was going to do it, man. That's, uh, that was a big miss. I think it's surprising that, uh, we're still seeing some companies talk about trying to do a another, uh, or to.

[00:21:59] Invest in a Super Bowl ad, um, after we saw a pretty considerable amount spent last year and ooh, I can't imagine that the R ROI has been good on any of the, that money . Yeah. I feel that people are still feeling the rug burn, but we'll see. Uh, okay. Another one, games. We were incredibly bullish. I was leading the charge on this, I'll say like every game.

[00:22:21] I was like, someone's gonna figure this out. Someone's going to. , you know, the next big thing out there. And what happened was there would be hype cycles, and they were far shorter than I realized. Uh, you know, I started this episode talking about like some of the things I'm, I'm selling from Pegasi, which completely imploded, but you know, I, you know, you can look at all pretty much games.

[00:22:45] Even Red Village. We were really excited about it. Just, uh, it wasn't there in terms of being able. Figure out an economic model that sustains right play to earn or play and earn. We were kind of always like, oh, which will, you know, be the thing that the truth is, it doesn't work yet. You know, if the game doesn't start off as fundamentally fun, addicting, something I wanna be a part of.

[00:23:09] uh, you, you, you really have a hard time, I think starting with an N F T first mindset versus a game first. Um, and we haven't seen it in the market. We haven't seen, uh, even the largest ones like Atlas, um, you know, come to fruition in any meaningful way. Yeah. I don't know. What do you see on this? Yeah, I mean, I think there was, I know there's been a ton of investment in different gaming projects and we have not seen the.

[00:23:38] Uh, the adoption that you'd expect at this point? You know, I thought, and I know that there, there, it can take some time. I am hoping that, you know, we still see something. However, I think we've talked about this before. I think that there's a strong, a stronger chance that we get a simple mobile app type of game that's.

[00:23:57] You know, maybe not all that impressive. And it is just what, you know, it gets a lot of users and, and you slowly, or people don't even realize that it's happening. Um, and maybe isn't this, this nf this huge invested, uh, investment, um, N F T project that everybody's paying attention to. You know, I think maybe that's too obvious and.

[00:24:19] Trying to go about it a little, uh, too head on. Um, you know, I could be wrong, but it feels like there's gonna be a different, a different tactic that ends up working here that, that maybe, uh, makes better use of the blockchain or integrates with a blockchain in ways that we beyond just owning an asset in a game.

[00:24:39] Yeah, I mean, for all that said, you know, AXI Infinity for the past seven days has done 364 Eth Ethan. , like that's real, right? 37,000 sales, like people are still playing as Yeah. There's still interest. There's still, I mean, I think that's the thing, you know, you're seeing that there's still interest, there's still people there and you, maybe we are out of some of the hype cycles.

[00:25:00] You know, the, the prices have certainly come down, but that's true everywhere. And uh, uh, there was a ton of investment. As I said. I think that probably, uh, Increase the, the value of some of these with the, the expectations that there was going to be things come, you know, releases coming right away and, and more investment and, and more, uh, more public players coming into the space.

[00:25:23] And, uh, you know, gets, gets back to what we've said. You know, it's, this is a. We haven't seen a sudden surge. This is more of a slow growth, uh, type of, uh, at least right now, that's where we are in, in, in the crypto space in general. I mean, we are not at the stage of seeing, uh, you know, just a, a surge of people come in and.

[00:25:43] I think that's gonna be true with the games too. We're gonna have things that are crypto native, that, that maybe get some, get some, get some buzz in the crypto area first and then hopefully can, you know, lead to things that, that get more mass adoption. I don't know if those are actually the same type of game though.

[00:25:58] Yeah, yeah. It's a good question. Uh, another one we were, I think you, so you, you were a bit more excited about this than I music, you know, looking at the opportunity for music, NFTs, I mean, on the heels of hearing sound, X, y, z calling, calling their numbers stratospheric, which, you know, I, I don't know, 30, 33,000, I dunno that I would say stratospheric, but hey, but you know, we got win amp.

[00:26:24] Um, you know, that's what's, you know, no, I'm not gonna take this as a win. But, you know, I, I do think there's still something more coming here. There is a lot of investment as said, there are. There is real usage. It's relatively small, and the fact that there is a problem with, with how music is distributed and, and paid for in the, like the digital distribution of, of music is, is broken.

[00:26:49] I think there is, you know, potential here because of that more so than than industries where you see it working pretty well. Um, you know, there's a bigger opportunity. . Yeah. I think it's got a more near term success probability because you're talking about artists with true fans, and those are two critical ingredients, I think, to generating that type of value, um, and utility.

[00:27:14] It can also, you could imagine, blend, uh, blend into IRL events pretty elegantly. Um, I think there's tremendous opportunity there. I think it's just, uh, Got a bit more road, thank goodness, get to that market that Taylor Swift did not get involved with ftx. There, there there's a story that they had tried to sign here to a hundred million deal, but if they had actually done, I don't know, maybe it would've turns out that would've saved them or something.

[00:27:41] You know, they, they would've handled the ticket thing and just pocketed all that money. , yes. Yeah. The joke that I was like, Aaron is just like, I mean, It's, uh, I'm very impressed. I, I keep waiting to hear any sort of statement from, uh, Taylor Swift's team, but like what, um, what remarkable presence of awareness to be like, why, eh, I don't like it.

[00:28:04] Something smelled like, cuz a hundred million dollars is, yeah. Oh yeah. I mean, for anyone, a lot of money. I don't care who you. . And so something must have thrown off an alarm bell. But the joke of the matter is that Sam made a calculation, right? Like this is a smart human, that he would've just taken all of the fans money, who would've obviously wanted to buy NFTs on their platform and paid her with it, and then kept everything left over, right?

[00:28:31] Like, can you make more money? Right? Like that's essentially what you're doing. You're buying someone's celebrity, monetizing. taking the people's money who think that they're saving money and putting money into an investment account or savings account or stablecoin on your platform, buying an n f e on your platform, uh, and you're just taking and paying that person and you can just keep repeating that again and again, which is very interesting.

[00:28:53] Um, and it's destructive force in it. So that did make me think the other part of this, you know, we're talking about the music distribution and how digital music is played, and we also know. The ticketing industry is very broken, and that's where I think you could see some of these come together. And I know that there's a problem with, with the access to venues, and a lot of the artists that we're talking about on, on these, you know, that are producing on sound at X z I don't think are, are at the level of, of needing to worry about that, you know, the, the larger venues at this point, you know, maybe this does need to start from a, you know, a, a more grounds up kind of, of, of manner.

[00:29:30] And there's something to, to, to combining those, giving access to your biggest fans, giving them the option to buy tickets ahead of others, and you really understand who the fans are. Not giving access because they're a, you know, a Capital One Gold, whatever member, you know, that doesn't show that you're a, a fan, you know, if you, if you have a, yeah, you can have that n ft.

[00:29:49] You, I mean, yeah, maybe you bought the N F T, but you've at least had to do something to. To, to show you're a fan and if you're, you know, if you've been along for a long time, you've got that NFT cheap, you know, at when before they were, before they were anything. And it, it's almost like, yeah, I, I knew the band before they were played, you know, before they made it to the top 40, whatever, you know, that kind of the idea before they blew up and, and you can prove it.

[00:30:12] Yeah. And, and those artists, those artists are there now. So maybe we do an episode where we look at Sound X, y, Z and be like, are there. Are there upsides there? Can we play in that? Um, or is, oh boy, that's a tough one. No one of many, right? It's really hard. I'm like, I like listening to music, but I'm sure someone can do it.

[00:30:30] Pacemaker or someone. Yes, someone can do it. Uh, all right, I like that music tee. Uh, I can go quickly through this one. World Cup. , I thought, uh, the number one attentive sporting event in the world combined with NFTs and soccer would do something. It didn't. Um, new coins were sort of created fan coins. Uh, there's definitely people making money, but the people that are making money are the ones that are launching projects, not holding onto projects and flipping.

[00:30:56] I've seen, yeah, I think they're running some those riff play. See last episode. What do you need? A major event with attention. Uh, yeah. So not, not much there. If you were gonna make money, you would've done stupid soccer balls based on the country and seen how many, like, go and do some incentive there, like it, um, a nothing burger.

[00:31:20] And so a thing that I'm gonna realize similar to Coinbase and Super Bowl. is that future event is already priced into whatever asset you're looking at, um, in many ways, uh, because the new attention is not bringing new customers at a level that's gonna move the price in any substantive way. And that's what I'm seeing.

[00:31:42] All right. Uh, another one. We were very bullish on N F T tracking tools, um, and NFTs and sas, and we're like, oh, despite our own reservations, The SaaS. Yeah, no, we pointed out the problem and then we still, I mean, you know, I still like my wagni, uh, wagni tool, but like, I didn't need it, use it enough that it's been worth it, but it's not the value of, of the, the NFT itself is certainly not worth it.

[00:32:08] Yeah, no. Um, and so NFTs is SaaS, um, don't really work. And when we say that, we just mean when you buy this subscription access to some software. that requires ongoing maintenance, but you just have a one-time fee forever, like very clearly, like doesn't necessarily work. Um, anyway, we didn't see the value there.

[00:32:28] Um, how about this one? We had a general, uh, shade against Solana and like not trusting Solana NFTs and things on there. Uh, we did, Hey, we had an open mind. We had an op. I like that about us. We had an open mind. We did dabble on there. We did play on there. Um, but how, how do you feel like this turned. In terms of our prediction, oh man, pat and I, pat and ourselves on the back here.

[00:32:52] Right. We have stayed away from that. Yeah. It's a bit of a, um, you know, I think it is one that was easy to get caught up in. And look, it's not that like everything else has been perfect, but that has had risk from the start. You know, when you don't have access, some of the time it's as good as like, , I mean essentially never.

[00:33:12] Um, so I, that always scared me, the downtime over there and, whew, I'm glad to, to not be involved in that ecosystem. My fear was also around the percent that investors held and would be dumping on the market. Mm-hmm. . And again, if you are paying a price for a thing in that currency, and then, I don't know, let's say a bunch of investors are looking to dump their bags on you as quickly as.

[00:33:38] Possible gonna do it. Uh, that's gonna have a very, very negative impact on, um, on the price. Um, you know, and then like the SPF debacle dropped that price from 30 from, it was dancing in the thirties for a while down to less than half. So it was dancing in like $12 range. But, uh, a year ago, do you wanna play the game, Andrew?

[00:33:59] Guess that price? What was Solana at? Well, a year ago it was Solana at. . Yeah. A year ago, if we were like, buy some one OFTs, that's the place to be. One 30. You plan at home. Gotta get a higher number. A little higher than one 30. Keep going. One 60, keep going. Uhoh. Two 30, . There we go. It got up to 1 97 so like, oh boy, just take a pause.

[00:34:26] Right? Like this time last year we were throwing shade and so on it cuz we were saying, I don't know if I trust the underlying asset. Now, yes, you can throw eggs at Ethereum all you want, but it sure as shit didn't do this type of drop where it goes from 1 97 down to a. $14. What happens to that N F T? You bought a 200, remember that episode?

[00:34:46] You did. What is, you know, when a a hundred percent gain is in a gain? This is exactly what we were talking about. Yeah. Oh, my N F T went up three x in value. I'm sorry, the coin you were on went down 99% in value. What does that look like? Well dig aloe. Look at Solana. Well, that's what that looks like.

[00:35:02] That's what that looks like. So, um, you know, you're, you're picking up pennies in front of a steamroller if you're trying to flip on a, on a platform that's got that much hype. Um, so the things we've got wrong, I will take it. But, um, you know, I'm, I'm, I'm pretty, pretty bullish on that one. I think we, uh, hopefully guided somebody away.

[00:35:23] Decisions like that. All right. Uh, and we were, you know, related here. We nailed this. I love, we're laughing on this. We nailed it. did we, we really focused on, on the eth the Ethereum network. We did. Uh, so we have in here, the merge will boost the market. And this was sort of a broad sentiment that I think we had moving in the air.

[00:35:46] I can't wait for the merge. It was, it was gonna come out in June, then it was gonna come back, whatever. Uh, No, you don't think, has that not I haven't really looked at, no, no, you, no. I've been holding off and looking at the price cuz you know I'm gonna be untake and I didn't really wanna look at the price until I could Untake so.

[00:36:07] We're not, not doing so good. Not so hot . No, it's uh, it's not right. Like, so the merge, here's what I will say. I'm excited that the NFTs that I own on Ethereum are green by the sort of measurement of energy storage usage. Ah, not in the green. I like that. Uh, they're not in the green . They are green, but not the way I kind of wish they were.

[00:36:32] Right. So the market didn't respond. It didn't. , uh, the type of, um, I guess hype and adoption of the Ethereum network. You know, it's just people still building. So, uh, even when the event impacts the underlying technology of the thing, making it more stable and secure. Uh, and by the way, ultrasound money, because guess what Ethereum is doing, the operation of it, selling block space is technically reducing the overall supply.

[00:37:03] you know, month by month, uh, because of the new way that staking works, uh, which is pretty cool. Uh, but no one cares. Uh, no one cares about that. And we thought they would, they don't . Oh, that, yeah, it was, you know, glad that it was, uh, a relative non-event because if it had, it had a potential to, to really go bad if it didn't go smoothly.

[00:37:26] So I guess that's good, but it definitely was not a catalyst for, for, uh, the market in any way. ? Nope, Nope. Thought it would be. So I think here's a big takeaway. Like, um, the news is already priced in there. It is. Don't get excited about a thing in the future. The news is already priced in. Um, . I would, I would say playing in the right areas makes a lot of sense.

[00:37:54] So like, in a macro sense, uh, I still like the idea of playing in the, the domain of music. I, I am very wary about games. I have learned a lot about the game dynamics that don't work. I, I'm nervous about like, going all in on any other game. Um, so I'm probably not doing that anytime. We may have to get into another, maybe we'll have to get another predictions for what's coming, but I guess wanna go through predictions.

[00:38:19] I'm sorry. We'll do a prediction episode so we could be really wrong. Again, , I would definitely steer away from, from any of the ideas that any a signal event would be a, a big catalyst for either price or participation in, in NFTs. You know, that's, I, I've, everyone is not coming. That's the banner. Everyone is not coming.

[00:38:41] It's gonna be a trick. . Yeah. I mean hopefully incoming, you know, hopefully it's a , I think. I'm kidding. Not a slow trickle out . Yeah, yeah, yeah. I didn't say which way. Uh, alright, well there we have it. Um, I think maybe, we'll, we'll go for our predictions episodes. If, if we feel, uh, if we feel motivated, we'll come up with some stuff.

[00:39:05] Yeah. We're really, we're coming up to the end of the year again, man. It's, uh, yeah, definitely been a different year than, than what a, than what either of us thought it would be. And I think than, than what most people thought it would be. Man. Have you look at back at just the crypto has been dominated by, Uh, just scammer after scammer and grifter and, uh, all looking like it was the legit stuff.

[00:39:28] And man, I'm, I'm ready for, ready for something new. . Yeah, I, um, I, I think if you survive, like you weren't, you certainly weren't early when you were coming in to 2020 ones like hot market. But if you're coming in now and you've survived this, like you are officially. Yeah, you're official og. I think if you've survived this market and are still interested in doing this and, and experimenting hurting stripes, whether or not that's rewarded, who knows?

[00:39:55] Yeah. You have stripes. I'll mint them for you at the low, low price of how much you willing to pay. Yeah. . . Alrighty. Yeah. Uh, hey, if you haven't gotten us a gift already, leave us a review on whatever player. Are you happening listening. and uh, yeah, we'll probably have another episode, but in case we don't, uh, have a happy holidays.

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• https://opensea.io/collection/trump-digital-trading-cards  

• NFT News

• • The Block: Magic Eden bolsters gaming support via Polygon NFT minting and trading 
  • The Block: Magic Eden introduces discount and rewards system for marketplace users 
  • Flow Hits New Low After NFT Trading Craters, Dapper Downsizes - Decrypt 
  • MetaMask Mobile Users Can Now Buy ETH Using PayPal - Blockworks  
  • Animoca Brands To Launch PFP NFT Collection: Mocaverse 
  • Donald Trump's 'major announcement' is a cringey line of $99 NFTs — of himself 

Rough Transcript:

[00:00:00] Today on all about affordable NFTs, we're just gonna cover hypothetically how, how you'd run the perfect N F T grift. It's like, how would you do it? What are the elements? What would it look like? What would you need? So first off, Andrew, what is, uh, what's going on in your wallet? What's. Oh man. So I playing or I played around Alene.

[00:01:10] Oh, I think it minted a couple. One in my main wallet of this. Uh, well, I don't know, I should get into the maybe next project, next episode. Um, we've talked, look, there's this cool project from Deca. Deca has been doing some cool stuff. Um, they have one from, um, that's. Matt Cain, cool artist called Etch. I've been playing around with it.

[00:01:32] You can MIT these. They're like, I dunno, they're very cheap to mit, but they, you can combine them with, um, with NFTs that you already own and then add words to them. Um, deck has done a, done some interesting projects they definitely work with, with impressive artists. And they come back to these projects to eventually close these things.

[00:01:53] And, um, so I take a look at them. If you're, uh, , you know, I dunno. Maybe I can get into it more another time, but that's something I've been playing with anyway. New in my wallet. . Yeah. Spoiler alert. We may feature it in our next, uh, next episode a bit more. Uh, Daven and Daven have to buy something new. Yeah, they're, they're cool, they're cheap.

[00:02:13] They're, I think they're like oh, oh eight. Nice. All right. I'm happy to say I've, uh, I foamed in, uh, I missed my reserve price because I just fell asleep at the wheel. But I, I foamed in, I got myself one of the, uh, one of the cock punch, uh, little roosters. Uh, after seeing that, uh, Tim Ferris was like legit starting that podcast, launched actual episodes is creating content around it.

[00:02:39] And also, uh, I kind of like was pulled in after I saw that even on his main podcast, he's using his ad. To promote it, uh, which is, you know, is pretty sizable. So if he continues to do that, that ad space just has value in and of itself as an attention. and you know, he's talking to Steven Presfield, the guy wrote that.

[00:03:00] You gonna have to skip six minutes now before I start listening. . Hell. Yep. 17 minutes in, you get 30 seconds of content. Uh, I'm kidding. I'm kidding. It's valuable. It's because people listen to themed into it. Yeah. IED into it. Um, yeah, I just took a look. Those, those, uh, etch pieces are 0.008, which as we, as we look at this right now is about $10.

[00:03:24] Um, so, you know, don't, they're not going to go up a lot in value immediately. This is something that, you know, you can get them for that price. Obviously people are going to just keep getting, uh, new ones. Um, I think the idea would be for what you could potentially do with these, what they might make you eligible for later on, especially if you have a collection.

[00:03:43] Um, so. Cool. Wanted to mention that after, since we had already spoken about them a bit. All right. What news we have? What's that? The news. Let's get her some headlines if we ready. Yeah. Let's you have you have more top line on, uh, on Deca or No? No, I, I think that's, that's it. I think we're. Looking at, uh, we're gonna talk more about, about NFT marketplaces because that's, that's the biggest thing that's going on right now.

[00:04:10] Different marketplaces trying to, you know, whether you're, whether they're adding. Royalties back in, taking away open seat. Can't seem to make up their mind. But Magic Eden has been doing some, some impressive work and they have, uh, now launched, uh, polygon support, um, that's big. They have also introduced a discount and reward system for, for users.

[00:04:32] I mean, I think this is maybe one of the more authentic ways to, to go about it is actually just saying what it is. You know, what they really want to do is, is create a loyalty program for users. We've seen how, uh, how different marketplaces have gone about trying to reward with the different tokens and.

[00:04:53] It's been, it has, you know, the jury's still out on how that's working for Blur. Uh, it's hard to say that it's been super successful for rare in terms of, of staying power in Mar uh, uh, in the, the N F G marketplace, uh, landscape. But, you know, magic, heat, and I think they're, they've got, they've done some things right?

[00:05:15] I can't say. You know, use the, the marketplace much. Um, just looked around and, you know, I have been impressed and I like what, what they're doing here. Well, I think one thing that when we were playing with Magic Eden, I was really impressed with were the analytics and the breakdown of projects and distributions.

[00:05:31] And, you know what, Hmm. I think without Magic Eden, without them in the game open, Would not have that new beta functionality of analytics wouldn't be there. It, it's not, you know, like a monopoly by itself is not about to increase or improve the, the service without, uh, competition. So I am absolutely rooting for Magic Eden to keep pushing the quality of what these platforms should be able to produce.

[00:05:56] All right. And speaking. Marketplaces and, uh, man, we've got flow. The, the, the, the, uh, blockchain that powers the, uh, the top shop marketplace. Um, you know, which has been relatively quiet. We've talked about how that has, they've really failed to make much of a, a comeback after, um, after seeing a lot of attention.

[00:06:19] And now flow is down to about 90 cents. It's the all time low. Um, and I wouldn't , they're also saying the dapper has downsized further, doesn't seem good for this alternative blockchain. And you know, it makes you think like what happens to these. You know, to these assets, do they sort of get lost over time?

[00:06:37] How do you know if it makes you think a little bit more about the underlying asset? You know, if, if people don't care that much about that, what does the, what does the N F T really mean and how much value can it hold? Yeah. Is the N F T value, uh, retained outside of the network or? only as far as it's built on that platform.

[00:07:00] When it comes to something like an N F T on Tezos or Solana, for some reason, it's my feel that like if it's a legit, especially more on Tezos, that like it will have life after as opposed to it's only good in the context of its micro marketplace. Put another way, if I take my LeBron James card out of flow, transfer it somehow, cuz there's a bridge at some.

[00:07:26] it really actually is kind of pointless because it can't be comparatively priced and traded in and amongst its peers in the same way. Does that make sense? Yeah. I think it's maybe a matter of art versus a collectible. Um, when we're talking about a, a piece that's collect, that's created by the artist and, and put on the block that blockchain, I mean, that.

[00:07:49] The, the card, the, the top shot card of LeBron James wasn't created by him. I think if, if there was some something that, you know, was more directly tied, maybe it would have more value. And I think maybe that, I'm not saying that it, it completely, um, holds value, but I think there is something more to it than the collectible that.

[00:08:10] Sort of becomes when the, when the collection becomes less relevant, it's hard for, for any single piece to hold value. And I, I tend to agree with you that there's a, it's a greater chance for the art to, to hold through when, when Tezos has been such a, um, such, such a common place for. For artists to, to go explore, especially explore, especially early artists to jump on because like the fees were low, easy to mint, like, you know, and it seems like it has, it feels like a grunge, it's almost like, it's almost, yeah, it's almost a, you know, the, yeah, the, the, you know, garage, the garage kind of place to go do your work.

[00:08:51] The, I don't know, like a, yeah, grungy kind of, you know, the. , the minor leagues, you know, like the, the place to kind of work it out. And sometimes you like, there's some really incredible work and you, I mean, I'm not saying that everyone's looking to go to e there's some artists that have stuck there and a lot of them, a lot of the artists that have produced great work on Tezos then go on to also do work on, on e Man, you get me excited.

[00:09:15] I wanna go tezo shopping again. I liked the, when we were doing, I liked that string of stuff that we were doing. I, I was. You know, looking back, I'm like rarely embarrassed about the random stuff I pick up on Tezos as opposed to like the random PFPs. When I like look back at our past projects, I'm like, do I really still hold a stupid raccoon?

[00:09:30] Yeah, I do. I like, I'm gonna go burn it somewhere. Right. Yeah. Like I'm not super proud of that. I really like. , you know, some of those artists we picked up. But hold on, here's a, there's like another narrative here on this. Like, I just was curious in your mind, like, what do you think the, uh, like the peak price that flow hit was?

[00:09:47] I wanna like, kind of like test your soft and a, uh, stupid market cap memory. I, you know, I, I don't know, but let's see if, I'm gonna just guess we're probably, uh, I don't know. Did it get $12? Playing at home. Guess a number? Uh, it is higher than $12. Do you wanna guess again? 20 . It is higher than $20. Do you want to guess again?

[00:10:14] Oh, oh, man. Uh, okay. How we doing? People at home? Where should I go? How are you doing? ? Higher, nowhere 40. Yeah, 39.24 and it did that during the fever pitch of April of 2021. Like right when everybody was jumping on to this, like, what a great way to onboard fiat people into NFTs. Look how easy it is to get your money in.

[00:10:43] Come on, everybody. The water's warm. Wow. Ouch. Wow. Yeah. Ouch. Ouch. anyway. . Uh, in other news anyway, you wanna find another way to, uh, depress people? Send your, to use. Well, there's a new way to use your credit card to buy NFTs. You know, you don't have to use dapper or, or flow anymore. Meta mask is now enabling.

[00:11:12] Users to buy NFTs to buy ETH using PayPal. So, you know, if you got your PayPal hooked up to a credit card, hey, it's right there. I mean, it is good to have more onboarding options. You know, I think we're gonna just, I, I, I feel like Beta Mask has been trying to add new features. It feels a bit like they, I mean, they hadn't innovated the.

[00:11:33] on wallet features in, in quite some time, and it feels a bit like they understand there's a lot of competition coming and it, that's the, the most direct experience that people have, uh, with their, their assets. And there's, uh, uh, a lot of potential for improvements. So, um, you know, interesting, it's, it PayPal's already sort of a digital currency.

[00:11:54] We're just linking it to a little bit further, so pretty natural here. Yeah, pretty natural. And I think part of this is being pushed by the fact that Stripe, I think we talked about this in the news, launched its own mm-hmm. Fiat on-Ramp. What is amazing about this is that, well, like right on the heels of us talking about how Flow by Dapper Labs was so good at turning a credit card into flow, like into coins that I would buy the cards with.

[00:12:21] Boom. Done. That functionality is now. Three clicks away on Stripe to embed on your site in the same way that you collect credit card payments, you can now turn those payments into crypto. They have an on-ramp, you know, tested and built. So it's like everybody now has that type of on-ramp capability that, you know, dapper had this like unfair advantage and it was like all about flow.

[00:12:48] This like beautiful user experience, like that's now being adopted. Everyone. I think that's huge. Yeah, it absolutely is huge. And I, I think the man, the ease of of, of being able to transfer these, I mean, to, to buy and, and move these, uh, from, from, uh, fiat currency to, to crypto, I think is going to become the, you know, the, the easier you can make this in your wallet, I think the better for users.

[00:13:14] I think there's just going to be a ton. I a ton of new opportunities to, to go between these two. It has been somewhat of a difficult, uh, process and it's also why I think we've maybe run into problems where we don't really know how much is, is held. You know, how much these, these digital. Dollars, you know, these, these U S D, uh, U S D or denominated currencies.

[00:13:38] We don't really know how much is there, but I think this is a much more direct way to see how, how the flow is going when you, uh, have people d just buying it directly and going into their own account, into their own meta mask, holding it directly rather than, uh, Hey, trust us. We bought it for you. Just, uh, you gotta hold it.

[00:13:55] Yeah, this is the not your keys, not your crypto argument. And I agree when the on-ramp is pushing people to have their own custody, for better or worse, um, we have a system that is safety built into the decentralized nature rather than centralized systems of trust, which have been, um, eroded to the point of non-existence thanks to ftx as example of how quickly you can just steal customer.

[00:14:23] You know, fortunately in other news, he's been arrested finally. Um, but he, um, you know, he is, yeah, actually maybe remembered, hopefully for inoculating the next group of users, uh, that come in, uh, to just frankly not trusting anything with a centralized exchange. A fewer money is in a web two database. It's not.

[00:14:47] Yeah, I mean, uh, it's something that we've, we have touched on before, how much NFTs have done to to, to get more people to use their own wallets, to self custody, to their assets, to be. To be accustomed to using their own wallet. And I think that's part of why, you know, you've seen meta mass become so popular because it was, it was kind of the default.

[00:15:08] It was what was everybody was using and then there was a huge surge and it was all, there's a lot of NFTs and we've seen some, some attempts at, at NFT wallets, and I think now we're understanding of this is, this is really a, a major touchpoint for customers. Is, you know it, how they're using their wallet, especially if you're, if you're providing on and offboarding, uh, or on and off ramp, uh, channels for or for your users.

[00:15:34] And then you start thinking about, you know, if you are the, if you're a bit responsible for, for how the transactions are presented, you know, you need to. You know, you've seen Meta mask improve, how they, uh, present what you're actually signing. Uh, when you sign a transaction. I think we'll start to see some of the, some of the, I don't know, the, the backend features become much less.

[00:15:57] Present and have these, uh, these interfaces become mu much more friendly for users. And then, we'll, on top of that, I think we'll start to see more. Um, I don't know if it would necessarily be through token, uh, just giving token rewards or, you know, what it may be. But I think we will start to see, um, see these wallets and, and start competing much like the, uh, the N F T marketplaces.

[00:16:21] Uh, Yeah, I'm embarrassed. I'm looking at the buy options in my, like meta mask right now. I don't see it. I see Coinbase pay, uh, transact moon pay wire. I guess they're rolling it out soon. It's an announcement, so I have, I have yet to use it.

[00:16:42] I got the same, I've got no secret hidden features yet either, so yeah, I'll have to wait and see when that actually goes live. , oh man. Okay. Oh, wait. Next we've got, we got ANCA Brands. They're launching their own ppf, P N F T Collection Mind Mocha Brands, you, they own a piece of just about every. Gaming, N F T Company, um, seem to be invested in everything and I, I, you know, I guess looking to, to raise , raise some more funds, uh, or I mean, release a P F P N F T collection.

[00:17:17] Sure, go for it. Like, I don't know if now is the best time, but Right. Who knows? It's the way, it feels a bit like they're just, I'm trying to raise some more money, but hey, you know, I hope this works from, uh, definitely not something that we are recommending at this, uh, as our feature project because George has a great one for us.

[00:17:38] This would've been a gem like last year, cuz each one it says, I'm like reading it. Well open up the utility called realm. Utility realm, huh? Well, yeah. Represent a collection of core pillar. . Um, metaverse. Uh, metaverse. Buzzword. Buzzword. Buzzword. Grow community. Yeah. A year ago. Benefits member benefit. This would've been a plus a year ago.

[00:18:00] Oh. Play through games. Good game and game assets. This is buzzword bingo. I think it's. Solid . Uh, anyway, uh, yeah, I have , I have an affordable project for you. Um, so, uh, announced, I think it was, you know, around 12 December 14th, maybe I forget exactly the date, but you two can now own a Donald Trump collectible card.

[00:18:28] That's right. Collect trump cards.com. , I, this is not a joke. Uh, this was literally something that, uh, the former president, uh, announced, um, in a press conference as he's wanted to do. And these are limited edition trading cards and they're only $99, 45,000 of 'em, right? Yeah. Yeah. So you two can get one of the rare 45,000 of them.

[00:18:54] Um, you know, there's utility here as far as I can see. You can win thousands of prize. , um, Miami Dinner with Donald Trump, a Mar-a-Lago group Cocktail hour, a group se a group zoom session. That's pretty good. Look, so we are mocking this and I think there actually is something to like the idea of being able to release a project that did, you know, if you did this the right way and, and could do something, there's something there.

[00:19:21] However, I don't. I, you know, I, I don't think it's, you know, I'd be surprised it's the thing if it, if it really, um, delivered on all those promises, I suppose is , right? So, hold on the floor price right now if you want Trump digital trading cards and we have this link is, uh, currently 0.008. You know, depending on when you're doing that.

[00:19:44] Uh, so far, 86 eth in total volume has been done across 25,000. items. So these things are going, and here's the thing, there's a tight-knit community that is very interested in this stuff and there, you know, there might be value here if you wanna like, try to flip something, um, on like one of the like, You know, special prize things, although I, it's on Polygon, right?

[00:20:08] I assume this is why you're bringing it up. Cause you gotta pump your polygon bags and score another one for the Polygon Biz Gev team. They are out there working it. And I got, you know what? See, polygon doesn't care if you're on the left to the right or the crazy. They're out there, they're out there making blockchain space and selling it for you affordably.

[00:20:29] Uh, absolutely. Hey, there's the, it is the choice. It's the choice for a. Project like this, you know, Starbucks, Nike, Trump. All right. So you get a sweepstakes code. All right? You'll receive an email with sweepstakes code enter shoes. Please enter a valid email address when you purchase. Uh, you'll enter that entry code sweepstakes win trump prizes.com to see if you're a winner.

[00:20:55] No purchase necessary to enter the sweepstakes technically so you could go enter those sweepstakes without buying this, by the way, cuz they're using sweepstakes. for those of you who are, uh, nerds out there in this sort of, uh, legal nuance of how sweepstakes work. Um, interesting. Yeah. So that's also, I'm assuming there's no on chain, uh, proof of a winner.

[00:21:16] No. No, there's no on, so I don't like that Then, so like my angle is gonna be like, oh, is there like, um, a rare one that people don't fully understand, they give you a chance? Like no, it's uh, only on purchase. Do you get a chance? To enter a raffle, which by the way, you can enter for free because how sweepstakes works.

[00:21:34] See how that works. Um, and then it's, you know, the price is still holding though on. Um, as you can see, George has, has looked into this . He's, Hey, he spent some time looking into the rules here. Has somebody, what does that stack of handwritten, he play arbitrage on this got behind you there? Huh? Is there

[00:21:52] I'm the proud owner of, uh, what was it? Trump for Senate dot eth because I think at some. , they're gonna want that. And I'll be happy to take all of that money and donate to two progressive causes. I may keep some along the way, you know, I mean, I think you should just go sweep some floors.

[00:22:11] not that bullish. No, there's no, I It feels like, you know, after you, you tear a, after you tear the top off, there's no continued value on this. Uh, as far as, uh, as far as I can see, right? People are doing it. , you know, I mean, unless they probably get access to events, so, right. There's that, I don't know. Um, anyway, that's, it's affordable.

[00:22:36] Um, I don't know though. So , you wanna lead us into our topic now? Unrelated topic. Just so happens that these two things are just right next to each other on this totally unrelated topic of how to run the perfect N F T. , we are gonna just sort of go back and forth of what are the elements. So let's just say, I don't know, we were lacking of moral compass and we were consultants on a project and they're like, well, we wanna maximize how much money we can draw from an audience.

[00:23:10] What are the elements? That you would bring to bear? I can kick this off if you want, unless there's something you're like itching to kick us off with. No, go ahead. I have some ideas here. You know, I, I, we've all definitely seen a ton of griffs in the NFT space. Man, it's, I, I don't know that I, the perfect one's tough because there's some stiff competition for grifters and, and crypto and NFTs.

[00:23:37] All right, so here's my first one. You have to start off with complete and anonym. or complete celebrity. So you need to take one of these extreme polar tracks. You need it. No one needs to know you or everyone needs to know. Let, but you still, yeah, I'd say you gotta be attention. You gotta be. You've gotta create a, a, a mindset of us versus them is, is part of that.

[00:24:04] It builds, plays into that. Because with the small one, it's a, you know, it's the, the David versus Goliath. With the, even with the bigger group, you still feel like it's, you're, you're the, I don't know, maybe the, the marginalized group. . So it is a us versus them mentality that you sort of, you need, I think for running a grift.

[00:24:24] Okay. So you're gonna bring in the US versus them or, I'm writing all these down us. Yeah. Well I think it's actually a great pro. It's actually something that it, that goes into a great project, but it's also part of a, if. Buying into the, the graph. So I don't know. , it's, you know, careful here where we say great pr, what's a great project versus what's the, what's the Grift, right?

[00:24:45] Lovely. I lovely. End up a love. We end up actually like being like, oh no, that's a good project. I'd buy that. Well, we'll see what we end up. Okay. Can't be in the middle. You're saying ? No, no, no. Uh, I would say you need. A 10,000 or less supply. I think supplies have to be limited so that you can, later when you get to it, manipulate the price, uh, because you need to, when we get later, and I don't wanna spoil, but you need a, uh, less than 10,000 batch of, or 10,000.

[00:25:18] Okay. Yeah. For NFTs, yeah, I would say that's generally true. I guess it, what I'm thinking is generally you just need to, the other part is maybe you need to control a, a, a good portion. You, you need to be able to control a good portion of the assets in, whether it's directly or, or, or setting up a, a nice network.

[00:25:40] Where you know that there's a, a certain amount of control and, and guaranteed votes or what have you. If, uh, it comes to those things. Yeah. If it's like a Dow or something. Okay. That's, that's mine. So, uh, a controllable 10 K or less batched, what is, what is something you would add? Uh, we'll just, you know, I think.

[00:26:01] The, the idea that it, that you can control a high percent of those assets and I think having maybe more, ah, having the network of people to, to do this, um, that can, hmm. That add. So the network of people that, that will be able to control in all that will be able to help control the assets and also add what seems like more credibility to a project.

[00:26:27] I think getting people, the, the, the grift almost, you've gotta get some, some credible people in it to make it look good. I think those have been common in many of the, the grifts that, the biggest grifts that we've seen, . Yeah, no, you need um, sort of a credible whale, right? A credible N F T whale. Mm-hmm. or someone basically not you to vouch to vouch for it cuz what you're trading on is trust.

[00:26:53] Yeah. Whether it's, yeah, I think it's generally, you know, influencers or Yeah, I mean the N F T influencers, you know, we see different levels of those and pH man there's some you need pay so off for that. Okay. So I think you need a tight initial white list that is oversubscribed. , you cannot leave things on the shelf.

[00:27:14] I think people have to have felt like they missed out. And if you are meeting the entire demand, the entirety of the demand, um, You're gonna have a problem because there's gonna be no one to FOMO into secondary and tertiary markets. Yeah. You gotta guarantee that sells out right over even if you are in there yourself.

[00:27:33] I know. Yeah. Well, I think that that goes back buying. Can we control own books a lot? Buying your own books with, let's say an RMC war chest of money? Hypothetically speaking, if I wanted a book to go to, number one, I would use a war chest of campaign funds to buy my own book in mass. So drove it up hypothetically.

[00:27:50] I would do that with NFTs. Just literally, no, I'm literally saying that it's not even hypothetically. So oversubscribe whitelist, and it must sell out.

[00:27:58] What's the next step in our grift?

[00:27:59] All right. What do we got here? Um, I I can keep going. Oh, go for it. You what? Hit us with the next one, George. , this is very important. You need to have a very high creator fee. Oh. Because you're gonna be taking advantage of secondaries, right? You need to get a taste. Yep. Yep. Uh, so I don't know, let's say around, hmm, 10% or more.

[00:28:27] Totally unrelated fact, I'll give you and the listeners at home, one guess at what the creator fee is for Trump Digital trading cards. Hmm.

[00:28:39] All right. I think another one would be an example of, of winners. You gotta show the, the people that have won from your project that have done really well. You gotta have some people that. That, uh, can, can vouch that have sold something for a high price, um, that have, that make it look like a successful good project to be in and whew, I wanna be like that.

[00:29:02] I'm gonna call that. Like, that's such the Ponzi round one, right? Ponzi round one has to be people that have flipped these four a win and then you make sure those people get pressed. It is critical because that's what starts that greed. where it's like, oh my gosh, people are buying these things up. I bought mine for a hundred dollars.

[00:29:21] I flipped it online for $300. You don't believe it. So perhaps you're thinking about with that sort of, uh, arsenal money. Now you're gambling a little bit, but let's be honest, you're, you're a grifter. Uh, you need to be sweeping that floor at some point, but also pushing it up for certain people to then talk about it.

[00:29:39] So maybe what you do is, I would say, put a finer point on this, the proof of. , uh, I would pump the rarity. I would look at the rarity and then like make a game on that. But I would even go more, uh, sinister than that. Uh, I would have somebody buy something that is like technically rare and then have another account pay and overpay for it between those two accounts to show that people are overvalued.

[00:30:03] Good old wash trading. Huh? Strong wash trading on high. , uh oh Yeah. Show that demand. Cuz people aren't just, they're not just buying the floor. They're, you know, they're, they're big fans of this thing. They believe in it, right? Well, the rare ones, maybe if you get a rare one, if you mint another one. Oh my gosh.

[00:30:21] You know? So that's, um, just a, I feel like I kind of, I did a plus one on yours there. So here's my next thing. I think we've done that with a couple of these. . , you. All right, so here's my next thing. You need a future hyped event that has potential utility, but is not entirely clear Utility. Yeah. You gotta have, you gotta have promise of utility.

[00:30:42] Something's coming. Something. You're gonna get free something. You're gonna get access to something, a big thing will be announced and you're gonna wanna hold this thing when that thing happens. I need, you need a hype moment When a holder's only event. On Fire Island or Fyre Festival? . Is it ? I forget where Fyre Festival is.

[00:31:07] It was, I don't remember. I got something, I got that wrong. You know what I was talking about? ? Um, here what I'm saying, a hypes moment in the future that is, uh, both exciting and unclear. not, not specific. You need a non-specific, exciting thing in the. I don't know. I feel like people should hire us for this stuff.

[00:31:27] We're given all the way gold here, man. I know, but you know, when you look at this, it's like this is, if you change a few words here, it's actually what you need to do, . It's like it's a lot of the effort. . No, but like the wash trading is a bit like that's over the top. Right. Obviously. Yeah, I, I understand that.

[00:31:48] But no, there's, there's obviously things you would take out and there are things like, hey, if you actually, you shouldn't be super specific about saying like, Hey, we're going to have a token that launches in mid-December of this at this time and it's gonna drive you this much value. That's definitely not promise, date, and a token.

[00:32:05] Oh yeah. Never promised dates. Again, I said hyped moment in the future. I didn't say date. Uh, that is exciting and non-specific. Um, alright. My, my next one is, and this may take a little more technical investment, but you need, you need to get staking and yield involved. You need to have people holding actually, so you need Oh yeah, yeah.

[00:32:28] A certain amount of volume flipping, but you need people like staking that thing so that they are not constantly dumping on the floor. Cause the danger here is. , um, people dumping to the floor. Um, and that's the thing that you're artificially trying to boost up. Yeah. You wanna, yeah. You want 'em to hold that You wanna maybe reward them by, with maybe tokens for, for holding that I would even say, yeah.

[00:32:50] I mean, I think the tokens get a little scary to me cuz that's how you piss off the s e c, but. If you're really grifting, you probably want tokens. So I'm gonna say token. I mean, if you're Grif. If you're grifting, you are absolutely adding a token in here. It's what I think best. Best the best. Yeah. I mean, it's easiest way, it's actually, it's, I think it's easier to lock up supply of, of tokens without people generally noticing.

[00:33:18] Compared to NFTs , it's yes. Um, alright. Tokens and staking. You know, I haven't mentioned, I think the art has to be passable or unrevealed,

[00:33:29] but the problem is on the reel. I think there's a, you can be unrevealed, I think. Yeah. There it has to be passable. It has to be, yeah. It has to be somewhat legit. There needs to be something. There's gotta be some belief that, hey, look, this is, there is real effort that went into this. It's not complete junk.

[00:33:47] They've clearly spent time on this and, and, and, um, at least gotten the right artist to work on it. So they're taking it seriously. Yeah. I would actually go an AI generated route here. So it's like you can claim something nuanced, but you didn't have to pay anybody for it. And, you know, train the ai Well, if you, I mean, if you train a chat g p t to start spitting.

[00:34:10] New ideas for the AI that, Ooh, yeah, there you go. Bun, boom. Done. I mean, boom. Done. It just passable, art passable. It can't just be a copy paste of board ape, like I think we're even on a grift level. Like we're kind of pa, we're above that . We're above that. There's stuff in here. There is, and I think, you know, if I was gonna add something, maybe we spoke to this a little bit before about getting, you know, credible influence involved, but I think getting big, getting a big investment of some sort in, in the project that's even outside of the N F T, you know, essentially we believe in this so much, you know, that looks really good, right?

[00:34:49] The Andreessen writes a check for the, the underlying platform tech. You're like, What could go wrong? Yeah. I mean, if they're valuing just the tech it that much, imagine what the, the N F T is gonna be worth in the future. I mean, that's the real asset here. I used to say like you needed that discord community running nonstop and pieces like that.

[00:35:12] I feel like there's a little discord overload. However, I, I think there might be a value for like a rarity play of like, if you own this type of. you get access to like the Trump disc or the, sorry, oops, I'm some exclusive thing. Let's say you hypothetically had a social media asset, uh, some exclusive room in, in where you could only enter if you had a thing.

[00:35:37] Yeah, uh, yeah, I think there is a, maybe the discord number isn't as big or the activity, but yeah, you better have a, a ridiculously large social media account, even if you are getting, you know, 32 likes from your 38,000 fans or whatever it might be. Um, I also have another one non redeemable. Right. This is the, this is the golden, this is the golden utility.

[00:36:05] And this is the, this is one of the things that like, not to throw shade at Nike, but you know, they offered up the boxes, right? And then after the fact said, only if you're in the United States, like, I mean, okay. Ish. , but what if it were even tighter than that? Let, like say there's like a traveling, you know, hotdog stand or major speaking event that you happen to be doing around, and only if you're there at that time can you get access to it.

[00:36:33] But that's, that's for the fine print. You get access to backstage at a thing if you're wearing certain things in certain places at certain times. And you can do a fine print, but it could look like access on the top. You know, I think Gary V did this like pretty honorably I would say, with regard to conference events and access.

[00:36:52] But you know, he's not meeting and greeting the like 40,000 plus holders of his, his pieces. But there are a lot of promises out there.

[00:37:04] So I guess, uh, you had mentioned something about 10 K or less. Uh, you know, I, I'd say that's how you start. But if you're really a top-notch grifter, you don't end with one collection. There's more because it's so, you know it, you've got to grow it because. , there's, there was so much value. I mean, you know, we know this, you know, these projects are a bit of Ponzi, so if you got some winners, you know, you need some more money to keep pumping in and let's get new buyers in here.

[00:37:33] We're expanding the ecosystem. We're taking in more money and delivering maybe even less than we were before. . Yeah. A second, a second and third round. Yeah. I mean, of. Of that NFT drops. Yeah. Th this is a lot of golden here. I think, you know, if, if we hadn't given away all the secret sauce here, we could have been dynamite consultants for this

[00:38:02] Yeah. Uh, So for the record, this is not financial advice. We don't recommend you do this. We are speaking on behalf of ourselves, not any of the companies that either of us work for , just in case. No, definitely not that we've seen in the space at all. Um, this isn't based on, I mean, oh man. Could, uh, Felix, like we need someone to just do a mashup of all of the worst things that have happened in.

[00:38:30] I don't think we need that. . Yes, I, it's sort of the Silicon Valley H B O show of just the N F T crypto space. Man, that could be very entertaining. I would watch it. I would watch it. It deserves to be done. It deserves, I mean, we're gonna get a sandbank and free documentary, but I think we need something bigger.

[00:38:46] Oh man. That's gonna be painful for some people. I mean, hum. Luckily, not one of them, but I mean, you know, other than the contagion, you know, we're all part of that. Oh, yeah. No, I guess I am a, a indirect victim of that bs. All right, so here's what we have just to run it down so you can hear it all together.

[00:39:03] How to run the perfect N F T Grift Extreme and Anonymity or Extreme Celebrity with a. Foster the US versus them in the narrative 10 K or less in your badge so you can control a high percentage of those assets and bleed it off. Credible, N F t, whale or influencer being publicly involved, oversubscribed whitelist.

[00:39:25] You must sell out even if you're buying your own book. High creator fee, we recommend 10% or more proof of winners, right? Ponzi initial round of wash trading would be it cuz it's even better if you're wash trading, picking up a piece that you know is valuable and then reselling it to yourself and another anonymized wallet making a big deal about how rarity is spiking.

[00:39:46] Then you need a hyped moment in the future. That is a both exciting and non-specific. Something big it is coming. You'll be surprised. You may know the people. Say words that inspire people, don't put a date on it. Tokens and staking. That's just functionality you need to, to hold the floor. Uh, unrevealed art for a period of time.

[00:40:08] And then it has to be passable Art that is not a complete copy that people can narratively tell themselves like, all right, this is close enough to art, or something I like and. Some sort of outside investment news to the company. Uh, exclusive social entry that elite pieces give you. Unredeemable utility events, i r l or what have you, and a second and third or as many rounds as you can possibly make to really milk the heck out of your audience until they are, uh, completely broke, until you cannot get any more money out of them.

[00:40:44] And then you find a new audience and need the same thing, you probably need to go. Probably with a NA anonymity and then go to Extreme Celebrity because after you burn down your name, it's hard to do it again. It's the top level. I feel like that's, uh, pretty solid. Good advice out there for ripping people off.

[00:41:03] Yeah, this is solid. I mean, man, we've seen some hyper success using these tactics. Uh, I feel like if we just, you know, we can put a book together or something, you know, get a few, get a few nice quotes from different people in the space, they'll, oh man, this will be a hit. Oh gosh. . Here's the . I have nothing else to add.

[00:41:25] This is a perfect, sometimes you have a perfect episode. This, this is a perfect episode. I think everyone learns something and I'm very disturbed. All right, see you out there. All right, good one.

https://www.artbasel.com/?lang=en

Rought transcript - don't judge

[00:00:00] Well, we've got a quick podcast here, topic on all about affordable NFTs, where our very own Andrew went over to Art Basil. You know, we talked about, you were there day one, but I felt like there was more to say. And so this is just like a quick recap of, you know, it's been a week or so since you've gone.

[00:01:05] you know, news is settled. Time to settle. What are the things that are still sticking in your mind from actually getting to walk around on the ground in Miami? Hey, uh, yeah, it'd be good to talk a little bit about this. I was, hadn't really gotten to experience much of Basel before, uh, or when we last spoke about it, I was just heading over to some events, um, and got to a lot of events over the course of the, the.

[00:01:31] Three, three nights I was there. Uh, it went by quickly. Um, there's got over to the convention, uh, the convention itself, uh, which is where Art Basel really is. And, and Art Basel is a, uh, it's an event that happens in four times a year. It's based actually in Basil, Switzerland. Then there's one in, they have an event in Miami, uh, Hong Kong and.

[00:01:55] Wanna say, I think it's either London or Paris. I, I, I could look that up. I'm sure you could too, if you're really interested. . Um, so this is the Miami version I had never been before. Went over there and this was an enormous exhibition with very high end artwork of most. Mostly newer artists. I mean, newer being, uh, the last a hundred years or so, and there's some really impressive artworks on sale.

[00:02:17] Uh, so I should say on display, I mean, the art galleries, they, you can buy them, um, or one can buy them if you have the, uh, , the funds. But, um, you know, there were some, some very pricey works. There were things that were also reasonable. In many cases, the prices aren't listed, but you see works from, from, uh, from artists.

[00:02:35] Uh, Picasso for, uh, I guess Banksy was over at another, I. Maybe I could, I could, I'll separate that. Um, uh, but Kandinsky, uh, uh, uh, Trent Morro, any many works from, from just artists that, um, that, you know, um, that by naming it, if you aren't maybe the, the most into, to art. But, uh, there's some, there's a. It, it's impressive the number of galleries there and the people that have traveled from all around the world.

[00:03:05] I mean, you can hear just different, uh, different languages being spoken and, and, uh, just the galleries that are representing, uh, different, um, cities around the world. Um, it's quite impressive. Yeah. You know, based on some very soft, uh, research by myself, 23 countries, you know, 160 plus galleries. I mean, it's, it's massive.

[00:03:27] Been going on. Was supposed to start actually in 2001, happened in 2002. Uh, cuz it was postponed due to nine 11. So it interest, yeah, it was quite 20th anniversary. They were, I was actually surprised at, you know, maybe I'm just used to, uh, N F T events, but the, the lack of, uh, swag that they were not giving away anything along with the, you know, $75 ticket or so it seems like.

[00:03:51] You know, you maybe want somebody walking around with a bag or, or whatnot. If you do, um, you know, if you get people in the door, but, uh, maybe that's, maybe that's not, not their game. . Yeah, maybe not. I'm curious, you know, were you able, here's an objective question, right? The ticket cost $75. There's premium tickets, which cost whatever.

[00:04:11] Uh, you have to pay for a hotel. You have to pay for a. Here's the quick question. You know, it's been a week. You got new NFTs, I noticed. I see your wallet. , objectively speaking, are the NFTs you got potentially if you sold them, not like right now, would it cover the cost of the trip, assuming you paid full freight?

[00:04:29] Oh, uh oh, man, that's, that's tough to say. You know, Miami, you know, there were. A lot of events to go to, tickets to buy, um, you know, and, and staying there. It, it's a, I used a lot of of points, uh, on that trip. It's, uh, but the traffic was, it's crazy how much traffic, uh, or how much time units sp sitting in traffic.

[00:04:51] So this was the, the main Basel events, and this is all really part of Miami Art Week. Um, as, as they're really trying to , you know, to. Um, you know, market the, the whole week in Miami, um, most of the, the Basel or like the real Basl event is on Miami Beach, and then that's a lot of the, the super high end galleries are over there.

[00:05:14] And so there's a lot of people that come over to drive over to Miami Beach, which is accessible by, uh, essentially two narrow bridges and they get super backed up as we were getting on to go back from. From Miami Beach over to A to N F T Now's event, um, which I'll speak about in a second. Um, it, the said it would take up to about 15 minutes as we, as we pulled onto the bridge, the driver told us it would be an hour, and, uh, he was definitely more correct.

[00:05:45] I, I fell, I fell asleep on the way over anyway, it wasn't so bad for me. And as I woke up, I said, Hey, wait, it's. It's only been two minutes AC, or we've only shaved two minutes off the time. I know we've been in the car a long time. So, um, you know, I heard a lot of stories of people just sitting in traffic.

[00:05:59] Um, so it was. Definitely not as bad over on the, the Miami side. And that is where most of the N F T events were. Uh, there was one event that, or one, a big expo that was sort of in between. They had a, they had some digital arc there and, um, I should, uh, Tezos was a, uh, I guess that was actually at, at Basos Tezos did have a, was a sponsor at, uh, Basl.

[00:06:24] Um, so there was some n ft representation there. At the, the other one it was a little bit more, um, modern art. That's where I saw Banksy. Some, um, more, uh, s, I don't know, maybe established or traditional fiat based artistry, . and also someone that, you know, if you had, if you had thought about, you know, if you had told someone in the, you know, maybe 1970s that this artist that had done a lot of graffiti would end up being one of the most popular artists of this time.

[00:06:55] And I think you go even LA much later than that. Um, you know, that would probably, uh, sound pretty surprising. So what I. You know, what I like about that is I think that there's a, a big opportunity for, for N F T artists to, to make headway here. And that it's a, it's a, it's a place that's generally, um, more accepting two creative ideas done well.

[00:07:17] Um, so, you know, kind of hopeful that, you know, we can start to see NFTs move up in these, uh, in these different events and, and become more of a focal point at them. Um, the N F T now event was, they had. I mean, it was like two or three blocks sort of, uh, sectioned off down there and then down to, uh, I don't know, an area of Miami, um, that had a lot of, it seems like there were a lot of sort of storefronts that could just, that were.

[00:07:44] Empty and could be used for pop-up stores. So Meta Mask had a booth there, art Blocks, uh, 90 cc, who is a fashion company. Uh, and I, I think I mentioned this on a previous episode, they were doing a live. Minting of live minting printing of shirts there. Uh, so this was a collaboration with Snow fro. They made 1200 unique shirts.

[00:08:09] You could, uh, actually go there and mint your shirt, get, you'd see it display on the screen. There's a, I'm gonna get a co-op of your shirt at some point when we hang out. Yeah, well, yeah. So they do, they put an they right as you're there, you see them put the NF seed chip in, uh, in the shirt. They put your.

[00:08:29] Your, your squiggle design, you know, your squiggle inspire design pops up on the screen so you can see it in the, in the lounge area as you're waiting. And, um, they did a really good job of, with the, uh, the presentation of that. And, you know, it was, they, the box was really impressive too. I should, uh, you know, if I, that was good at these, at sharing photos, like, you know, I, I would put something together, but, uh, , I'll ask.

[00:08:51] I'm not so, so good at that . Um, you know, I can talk about it, but it doesn't sound so cool, does it? I mean, hey, depends on the audience. Really Awesome. . Like, it sounds cool to me. Kinda. Yeah. Hey, it was really cool. I mean, they did a, they really did a great job. The events were, were nice there. Um, the other, uh, you know, big, uh, or one of my favorite events there was the, uh, the FOCs Paint party.

[00:09:15] I was waiting for that one. The paint party? Yeah. So it was the second paint party that I got to go to. The last one, uh, was, the last one was in New York. N F T N Y C, uh, this past June. Um, and those were painting canvases, big canvases that were stung from the ceiling, and those have been made into the canvas NFTs.

[00:09:34] Um, so this one was a little, was different in that you're painting t-shirts and actually all sorts of different fashion items. The t-shirts you got to take home with you. The other items such as Adidas sneakers, Jean jacket style, you know, jean jacket, whatever, you know what I mean? , those types of jackets.

[00:09:57] Uh, just pants, all sorts of other items. Uh, all bright white when they were, uh, you know, put out there, those were available for anyone to paint on, but those had to stay there. So I imagine that those will become part of a new, uh, collection of some sort that will be released in the future. You know, the idea being that everybody chipped in on these, uh, These, these object as well.

[00:10:19] Uh, it was a fun time there. They, they do a really good job of getting people in. It's a, it's a lot of people that come in and they keep it manageable. Lot of supplies. Big warehouse, big space. They have food, they have full zip up suits, I gotta say put on. Sounds like they have the most buttoned up. Type of I R L meets N F T game.

[00:10:40] Is that fair? Like walking, walking around. You have been to two, you went to one in NYC and now one in, uh, in the Basel, right? In Miami, yeah. Yeah. This, I mean, there's a lot of these. I didn't even mention that my wife came on with me on this, this trip and, you know, so I was, You know, trying to make sure that I was doing things that weren't entirely, uh, N F T and, you know, staring at your phone and geeking out and being like, Hey, uh, you know, but this was one that I, speaking of, which I thought was a, Hey honey, I know she listens to all the episodes.

[00:11:07] Thank you. Okay. We'll see if she hears that. Yep. Uh, . Oh, big test. Oh boy. Oh man. But, I mean, shoe had a good time at that event. It should. She painted her own own shirt there. I, you know, did have a couple of, of tickets. So, uh, it was cool to, to be able to do that one and, you know, go to some of these events that it's, it's so much more than staring at your phone.

[00:11:29] You know, there's some of these, you know, it's, it's, it's a, I mean, that's a certainly experience that we'll both remember going to. It's something that you, I mean, yes, I had done it once before, but, but it's a pretty, it's a pretty different thing than what you would normally do, uh, when you're, and like you said, it's approachable for other people, like, Goes beyond this, like, Hey, look at my digital collectible.

[00:11:48] Or I have access to this like special room where there's like, okay, another opportunity to buy a thing. As I understand it, they like scan you at the door, dress you up in a, like a suit so you don't get your clothes. What hand you a spray paint can and say have at it kind of thing? Yeah. There's all sorts of painters, spray paint, there's all sorts of, I mean, there's markers, there's, you know, just all sorts of things around, there's, you can hang 'em on walls and other guidelines like, don't draw a bunch of dicks everywhere.

[00:12:14] No, I mean, there's. I think, huh, maybe, maybe Fis has, has done a good job of that. You know, he's able to curate, curate it downstream being like, yeah, I mean, you gotta be a holder, I guess, to get in. So, you know, maybe there is something there. I don't know what it would be like in other collections or in other project, I mean,

[00:12:35] I don't have a lot of hope for Dick Butts, but Okay. Yeah. I'm not . Right. Um, but yeah, I mean that was definitely one of the best inter inspiring experiences. Uh, you know, the N F T now one I felt like was a little bit more targeted at people that already knew a lot about NFTs, uh mm-hmm. . They had, there was a very cool gallery in an old bank where they put, uh, they put.

[00:12:58] Some of the, the especially high-end pieces, like an X copy on display in the vault, uh, which is a cool thing to walk around. Um, it just was somewhat, um, and it wasn't the most, it wasn't the easiest for my wife to get interested in, you know, I probably would've spent a little bit more time there, but I felt like it was very targeted at people that already knew something.

[00:13:19] And I, I'd love to see that kind of expand and, you know, bring people into this that don't know much about it. Make it something that you. I know you don't have to have known so much. You don't have to be so ssed in the N F T world to, um, to really have a good experience at, uh, a awesome final question, I guess is would you go back, would you do it again?

[00:13:43] If so, what would you do differently? Yeah, I, I would like to go back. I don't know that I would go, you know, next year. I'd like to go back at, at some point and see. See the progress that NFTs make over time. I think that they're, I think that NFTs will become more, uh, more of a focus of some of the galleries.

[00:14:04] Uh, you know, maybe we even, and I, I guess that's something that I'd be interested in seeing. You know, are we going to see, are we gonna see. Galleries or, or, you know, crypto native spaces pop up in, uh, in, you know, more official Basel places or, you know, are you gonna see super rare there? Are you, are you going to see, um, bright moments at at, at one of these?

[00:14:30] Events, or are they going to continue to really do things separately? Or are we gonna see the, those mainstream galleries that are at Basil, are we gonna see them start to adopt NFTs? You know, I, I think that's Look, follow the money. Follow the money, follow, like, yes, probably. Unless there's like a certain

[00:14:47] Well, I think there's, I mean, I'm sure there'll be pushback from certain, certain people in, in the art world and. and there's going to be competition. So it's gonna be a matter of, you know, who, you know, I didn't see a big push yet, and I would be interested to see how that changes over time. You know, I think it may take, it may take a couple years, uh, and as I said, it's, I mean, it's a lot to go to as far as , I mean, getting there from for, for a weekend, from Fr, from San Francisco anyway.

[00:15:14] But it's definitely something I would be, be interested in, in checking out again at some point in the future. . Well cool. It's very interesting to at least hear it from your perspective being on the ground and then like a little time passing so you can kind of absorb what's actually, uh, memorable about it.

[00:15:29] Cuz it seemed like at the time, very overwhelming. You were trying to find like a Geocache X copy somewhere, . Oh man. Those went fast. I never got anywhere close to those. Never were anywhere close to it. All right, man, man. Yeah. I guess maybe it's, no, I was watching your, try to spend some more time there, but that's how, man, there's just so much to get packed into these events.

[00:15:47] That's part of the, the, the fun of going, I think. All right. Well, uh, thanks for sharing that.

[00:16:25] No, no, no, no. Don't, no, no, no, no, no. Don't do it. There's one more thing, but wait, there's one more thing. What he, Andrew was so excited about this extra one thing. We turned on the microphone again, and we're spending the money on the tape right now. . Oh, man. It is, it's pricey. I think we, we did just, I picked him up from Costco the other day.

[00:16:43] So, cassettes? No, you know, I, I forgot to mention the, this, this ridiculous. Um, At M Machine that was on display, or it was a, it was an exhibit by, uh, MS. C H F mischief Mag. I, I, I don't. They've, they've done a lot of magazines and a lot of, um, kind of ridiculous products before. This was one where they had an at or an at t m card reader that would take a picture and a, and would, uh, grab the balance that you have in your in your account.

[00:17:20] So I believe the, uh, the leader ended up being, The, uh, artist Diplo who had something like 12 million in his account, his at TM account, which is both absurd and ah, I mean, it's absurd. I don't know, but, but it's, it's quite a, I mean, that, I just felt like that was, it is something of, of like, what, what is an N F T of this?

[00:17:46] Or is it just. Yeah. There's no nft. I wish there were, but you know, I, I was, it just felt like there's, there's a lot of that in Miami. There's a lot, because I would buy the N F T of DIP bank account balance. That's, I'm showing something interesting. All the, yeah. Right. Because I think there is something at this time, at this place, that guy had a lot of money in his account.

[00:18:02] Mm-hmm. , that's a, but that's a digital. There is something to that that's like, it's showing digital wealth, right? It's just a bank account and I wanna show it off somehow. And I don't, it made me think of once people start, I mean, you see so many people there trying to show off money. It's a Fiat Plus, right?

[00:18:20] That's a Fiat plus. It's, I, that's something that I, I felt like was, you know, I don't know, maybe we're almost missing that people need, people want people to show this off, and I think that there's a lot of people that can realize, that, will realize that you can actually show these off a lot easier than you can show off the thing that's hanging in your living room.

[00:18:37] That's pretty hard to get someone to come over to your living room and see it. But if you can show. Somebody that you own this piece of art on the blockchain, there's something there. So it was just an idea that was kinda in my head, after seeing that thing. And eh, people like to flex and show off well, and it's a good thing for NFTs and, and ridiculous.

[00:18:58] Part on the blockchain. And as we were saying, it's uh, bellwether, it's a bellwether for N F T adoption in the art world, which is probably its strongest footing in use case right now. Although there are many, many use cases. Uh, but in terms of if we're talking about, you know, price and value, um, that's where we're probably seeing it.

[00:19:17] So thanks. Thanks for sharing. Glad we, uh, spent the time on the tape,

Theme: COCKpunching the market + Bandaid ripping 

https://opensea.io/collection/cockpunch?search[sortAscending]=true&search[sortBy]=UNIT_PRICE

3600 eth

• NFT News

• • • Ledger Just Launched a New Hardware Wallet for Your NFTs
    • The Block: Nike’s RTFKT hints at move-to-earn game via phygital drop
    • Reddit Saw 216K NFT Mints In A Single Day 
    • Chinese Court Stuns - NFTs Are Protected by Law
    • The Block: Apecoin holders are losing their staked tokens when paired Bored Apes get sold    
    • The Block: ConstitutionDAO2 selling NFTs in fresh bid to buy US Constitution copy
    • Starbucks NFTs are now available to beta testers
    • Author Tim Ferriss Tops NFT Sales Charts With 'Cockpunch' - Decrypt  
    • ZED Changing the game  https://community.zed.run/post/zed-rundown-edition-48  

• https://guide.zed.run/zed-run-guide/racing/about 

Transcript

[00:00:00] Today on all about affordable NFTs, we're talking about cock punching the market and what Yeah, you heard me correctly. Uh, at this point, I, I imagine, uh, folks have already heard the Tim Ferris, uh, launch of his nft, but we'll get into that in a bit. How it, you know, livened up the market a little bit, gave it a little cock punch.

[00:01:06] I guess that's a thing we say. Boy. Yeah. I mean, you know, crypto needs more, more odd sayings to have people overhear in other conversations. Right from, from Normies. So now you can talk about, it's been minutes cock punch. Yeah. Did you mint, you didn't get the minty cock punch, right? I was on the wait list.

[00:01:24] I was right there at exactly the right time. It felt like the old days of, yeah, it felt like the good old days of like, oh, I didn't know I was in a gas war. Cause I thought I was. and approved pre whitelist. Exactly. At like the time when they said to do it and it got gased. I was like, whoa. I didn't think that was what we were doing here.

[00:01:42] Yeah. I was fortunate to have, fortunate enough to have one, uh, mint spot for that one and a, a raffle. Um, so it did mint, uh, those, yeah, it's been, been quite some volume. People get into that a bit more, but, uh, anything else new in your wallet recently? George? Well, uh, I already was, uh, celebrating the fact that I got the artifact Nike dunk, uh, not too long ago.

[00:02:04] Uh, still pretty pleased by that. But then I got dropped these, uh, shield Age things that I think, um, came as a result of one of our previous, um, uh, previous projects that we talked about. Uh, the sort of, um, looking for it, but the, the membership. So I hadn't gotten an interesting drop in of it. So yeah, I cotu tsunami sum.

[00:02:27] Pronounce that. Yeah, we did mention that one. Or, um, yeah. Cool. I, uh, had one, uh, I picked up one new piece today from Colby. It was a very small edition. Uh, uh, it was a hundred edition, hundred pieces total. Um, there were 70 for sale, quite really small. They were 0.2. It was a project they hadn't heard about artifacts.

[00:02:48] So that, that's those kind of interesting to check out a lot of 3D objects from. As they state a hundred, uh, premier crypto artists of col use is the latest one. We've had some others there too. Um, I think those are, I, I can't quite tell what's going on. They were, like I said, they were at 0.2 at one, uh, from the, uh, mint, but they were really just for sale on, on open sea, so it wasn't quite minting.

[00:03:13] It, uh, you're actually picking one of the, uh, the existing tokens and, and hoping that. out , you, you just beat somebody else to it. So missed on a few, got one. Uh, no, but it's, uh, little different experience. Um, it does feel like there's, you know, overall it does feel like there's, there's people waiting around for the right projects.

[00:03:35] Yeah, I mean, I think the, the degenerates are still here. If you look at like N F T sale volumes, , um, over the past seven days. Um, they're, you know, slightly up actually, uh, overall by about, depending on how you're looking at it, just on the Ethereum network by like 10%. So I wonder if, you know the, there's a, a December end of year bump, but I mean, we've been talking about it.

[00:03:57] I do have to do some harvesting. I'm like, it's kind. The clock is going and I'm gonna be so frustrated with myself if I didn't like, uh, go through the old, uh, catalog of broken dreams. We'll call them. Yeah, at the very least, I mean, I would say it's something I did last year was even just swapping. Tokens from the same collection with other people in that had pieces from that collection.

[00:04:19] Um, you know, if you're looking to, to move your token, um, you know, and, and sell it cheaply and then pick one up from another, if you don't, you know, maybe just wanna help somebody else out, maybe hop in and discord, look at ways that you can take a, uh, you know, realize a loss, um, and maybe help somebody else out.

[00:04:36] Those, those losses can be big when it comes to tax. Yeah, well, I'll be in our discord. I may have a Bonny or two that I bought at the wrong time. . Yeah. Up in our discord up project Discord, you know, uh, we, we are not , we're not, uh, excluding ourselves with this need to, uh, to, um, to take some losses here. Yeah.

[00:04:59] Well, on the news side, uh, looks like. You've shopped quite a bit here. You've got a ledger, just launched a new hardware wallet for your NFTs. Am I dumb? Like why? Like, I thought we could just toss our NFTs on their last wallet. Like what is special about this thing? Yeah, so this is, it's, it's an interesting wallet here.

[00:05:17] This is, um, little bit different than, than what you've seen before. A lot of the wallets that we've seen have been very much like u USB keys. Hmm. Uh, this is a, this actually has images. It looks a little bit more, it's a, about size of a credit card or the, uh, length by width of a credit card. It's thicker.

[00:05:35] It's designed by Tony Fidel who, uh, was with. Apple for a long time was the, uh, the designer of the, the iPod signed many of their, of apple's famous devices. Um, so what this does is put along the side, it's a, um, the sign, there's a digital screen that you can label it with, and then on the front there's also a digital screen, so you can see your NFTs there.

[00:05:59] Um, trying to make it a little, um, more okay activity happening on the device. Um, and they've used mostly hardware wallets out there. It's a little. Putting a key in and then really doing most of it on your, on your computer. Uh, I guess all I've done is as my desktop or my laptop, I should say, not on my mobile with a, uh, With a, uh, hardware wallet.

[00:06:22] Um, you know, that being said, uh, yeah, so there's a, looks really cool. That being said, hasn't actually been, uh, tested out much yet. Um, you know, ledger is a, a trusted name among hardware wallets. It's not one that I've used, uh, personally. Um, this is, this does use Bluetooth, which I've been, I've been somewhat hesitant to, to, uh, use a, um, hardware wallet with Bluetooth.

[00:06:47] Um, to me it's. The potential risks seem not worth the, the convenience of, of not plugging it in. Um, but I, I am curious to see what people think about this once it, uh, is fully released. I mean, it's some beautiful piece of looking tech, I'll say that. Mm-hmm. and a lot more than I think we've seen for a while.

[00:07:08] Yeah. I, you know, it's kind of one of those things like, I don't fully understand. The upside of having a screen, because I use my, uh, mobile phone to show things when I wanna show it really quickly. Like, oh, I own this thing. And like, um, and makes me nervous. Silly. One of thing around still putting the safes a lot.

[00:07:27] I don't wanna Oh, but then I usb Well, um, but I think it, you know, just having more options, um, for hardware wallets I think is, is great. They. They're, they're relatively underused at this point by, by the crypto community. I think.

[00:07:42] Let's see, next here, we've got some more, uh, Nike Artifact News. Um, so they are hinting at a, a move to earn, uh, type of, uh, feature for the, this new shoe that they have dropped. I think we, we talked about this a little bit. Um, they discovered they. They announced the physical shoe, um, at nf? Yeah, at the NFT Now event.

[00:08:10] At, at, during Miami Art Week. Art Basel. Um, and now sounds like they may be going, um, a little bit in the, uh, direction of, uh, uh, why my, what's the, uh, the one that's done this already? George, uh oh, the, it was on Solana, right? Right. Oh God. Oh, hold on, man. Blanking, blanking, . Um, but you know, it's interesting, you know, they've, we've got a couple, actually I think we have two items, step, a step in.

[00:08:42] There we go. You know, definitely a bigger name in this. And you know, we've seen them, I don't know, we've talked about with step, it's big. A lot of that is. About advertising and then being able to, uh, get you to check these things so that you're, you know, getting exposure to the new ads and everything. So, um, interesting that they're interesting to see that Nike's also getting into that.

[00:09:00] I would think that they would be a little bit more of, uh, gaming it or gaming it so you can get your own points and whatnot to, uh, use in their ecosystem. Um,

[00:09:11] we. Shoot up. We've got one other, uh, Nike story here. Um, that. I'm actually just throwing it in. Um, so this, so part of this news was a little disappointing to some of their, uh, longtime holders of the, the monolith boxes. Uh, this, the news was the shoes would only be available to ship to the United States.

[00:09:36] This had never been discussed before in, uh, in any of their drops. When they, I mean, they've gone from the artifact shoot to different. Nike monolith boxes and, and whatnot. So this has, uh, definitely disappointed some of the holders. We've seen some, some, uh, big price drops in, um, a couple of their collections as well.

[00:10:01] Um, you know, so they're, um, it's not clear to me if this, the, the move to. Part would also be blocked outside of the us. My, my hunch is that it's not going to be supported outside of the us so that would be a, you know, relatively big detri detriment to the international, uh, customer base. Yeah. I'm managering They're having a real fun time in the, in the legal department.

[00:10:24] I just, I was also looking at this, are we, are we saying that there's another official word for the. Physical, digital called Fidgital. Are they gonna stick with fidgital as a real word? Are we doing that? I, I mean, it's pretty bad, right? It's a, we gotta do better on that. It feels, I feel like it's going around and I really don't like it.

[00:10:44] I think it's too late. It's not up to us. You're telling me I'm still ruining, I'm still rooting for my ons. I just wanna call NFTs ons. Come on, . I. All right. We get onto our next story here. So, oh man, we've talked about Reddit and how they're just killing it, but not with NFTs, of course, with digital collectibles, right?

[00:11:05] So they have, they're not NFTs, very clear. Definitely NFT Man, 216,000 minted in a single day. This is a new record for, for their platform and I. For any platform, um, you know, outside of somebody just saying that they maybe minted a whole bunch of, uh, tokens on their own. Um, this is, this is crazy. They just keep coming in waves.

[00:11:28] People are, there's new creators. Just, just learning from what's been done before and, and killing it with, with new releases. This is cool. I have not, you know, I, I still haven't fully jumped, you know, fully. Uh, jumped into that NFT or the, uh, the Reddit n f t universe. But man, this is, this is great. Yeah. And guess what?

[00:11:50] It's all happening on Polygon, I'm pretty sure here. Um, , full disclosure. Yeah, I like Polygon.

[00:11:59] Okay. We've got, finally, we've got ape. Staking coming and it's causing problems because of course, right? You guys rolled something else out. Uh, there are people that are losing all of their, to their steak tokens because they sell, they do not realize that they're bored, ape or they're muttin or whatever.

[00:12:21] Ape they might have or dog or whatever. I don't exactly know how the, the staking works, but it, it is essentially the key to the tokens. If you stake with, if you stake the tokens, you must have that NFT to get them back. Some people don't seem to realize this, think that's maybe based on the, the wallet instead, other people losing some pretty big, uh, big token amounts from this.

[00:12:43] Um, this is one. The numbers look insane right now. There's people . If you go on Twitter, you'll find people talking about, you know, retiring, living off the, uh, the staked token income. You know, we've seen how these play out. If you're thinking about anything back like that, please, please look at how those have played out in the past, every single time.

[00:13:04] Not like, oh, maybe this is different every single time. , it's almost tiresome watching that movie play out again and again. And just to explain the way that like staking is promised is you lock up your coins here, we give you yield from the magical yield ferry. Don't ask any questions about the magical internet money that will obviously just keep coming as long as you keep pumping the price and nothing will ever happen.

[00:13:30] Cuz you know, music will always keep playing. The money must come from somewhere and you know, I would hope. , anybody new getting into it would realize that. But if you're already in, here's the weird thing, I will say this as somebody who has been in the middle of, you know, the circus while the music is playing and it's like pretty amazing, you know, when magic money is just dropping into your wallet.

[00:13:55] It just doesn't last though. And it, you know, it can, it can be hard to pull out, but like if you possibly can, you know, capture that initial investment as quickly as possible. And, you know, do not think of it as like a huge opportunity. It just, where does the money come from? And it can't be magical Internet fairies.

[00:14:15] That's the answer.

[00:14:17] All right. Hey, do you remember that, uh, story about we're gonna buy the Constitution? You know, all the, the, oh, it was getting, that was like a year ago today almost, right? Yeah. You know how that died? Well, it's. Another, there's another group getting together trying to buy the Constitution, um, constitution DAO two.

[00:14:37] This is another copy of the Constitution. Remember, if you remember from the last one, it was, it ended up being bought by, uh, Kenneth Griffin from Citadel, um, , Citadel Ventures. He basically saw that Dow had raised about 40, I wanna say about 45 million or something. So that is 45. Oh one, you know, whatever it might be, ready to go 46 million and, and, uh, beat that bid.

[00:15:04] Uh, I think they're trying to, so they're selling NFTs with this one. I, I know they're trying to not say exactly how much they have. I don't know exactly how it's gonna work. I mean, it's on chain, but, you know, I also think it's a pretty different environment than, than maybe we were in at that time. So we'll see.

[00:15:22] What kind of money gets, uh, gets raised. To, uh, to go after this addition. Is that the Affordable project? go? Oh, yeah, yeah, yeah. I think you wanna bring that one. . I just like on their site, they've got Nick Cage, they're really playing it up. Um, just a picture of 'em. Not like public endorsement, but, uh, pretty funny.

[00:15:47] Good luck. I don't understand the, I mean, the utility of own. an artifact like that, but I guess I do. At least it's worth something, right? Like ar arguably, like if you have people like, uh, Ken Griffin, like spending over 47 million to buy the thing, there's some market out there. Yeah. I mean, they're not making more.

[00:16:11] Well, I mean, I guess, I don't know. Are they, are they on the blockchain? I don't know how many there really are

[00:16:17] They've raised 36 eats so far. I just found that app. So maybe it's a ways to go. 36 eth Looks like they've total public amount raised so far. Th what's No, you're missing. It's gotta be more. That's not gonna do it. . They're getting boy.

[00:16:38] All right, well, we'll see what happens. We'll, uh, we may come back with an update on that . Yeah, well, we talked, well talking about, speaking of Polygon, as you were earlier, we got Starbucks and their N F T efforts back here. They are actually rolling these out to beta, uh, beta testers now. Um, I, yeah, we've talked about how we haven't really, uh, seen much about this, but, you know, maybe there are just more beta testers being able to use the points and everything, but, you know, they're, they're moving ahead.

[00:17:09] That's. I'm kind of shocked to see that nifty gateway is going to be powering their marketplace. Yeah. Why? . Why? Why? I mean, why am I shocked? Why are you No, no, no, no, no. Why are you shocked? , uh, why are they, why are they doing that? Why are they throwing in with a centralized NFT marketplace that has ties to Gemini Winklevoss twins that I think owe or owed as much as 900 million from the FTX scandal and collapse?

[00:17:40] I don't know. Just questions. Just questions. Full disclosure. I have, I think, systematically removed every single, uh, nifty I had on that. , uh, just in case. Yeah. Not so bad. Can't hurt to have that in your, your own wallet, right? It's self custody. Mm-hmm.

[00:17:58] Well, I can talk about Zed cause I know we're gonna be pushing our, uh, We're gonna push in our talk about Cock Punch, uh, a little bit later. But, uh, look, Zed, the, I would say the game that, uh, really got me into NFTs, uh, with regard to horse racing and whatnot, uh, you know, they're still kicking four years down the road and they have a major update to the platform, which is always kind of funny because there's a lot of people who bought a lot of these horses.

[00:18:27] And a lot of, I know, yeah, I know of some, I know of one in particular, one of them. Uh, but they're, I will say impressively updating and not afraid to sort of innovate, but they're adding like levels, which is gonna increase, um, how people are getting like, experienced points on top of their horses. So, you know, it's kind of interesting to see that they had an original asset near Horse, which was an N F T, but there were hidden attributes, um, that could sort of only be seen on their system, not necessarily publicly.

[00:18:55] You could see their stats. So, These NFTs are sort of evolving in a game, in a way that I don't see any other game doing. And they're, you know, , they're doing it all on the blockchain. It's all in public, right? It's happening on Polygon. So they're trying to just make it, um, you know, more fun as a, as a gameplay.

[00:19:13] And, you know, I have a bunch of these horses that are being lent out on a regular basis now. And, you know, people, people are, are racing them. Um, it's interest. Awesome. I feel like we should have like, theme music for, for the stables, the stable report or something from, for George. What's going on with, with not stable report?

[00:19:35] it's, it's mostly not stable. It's actually stable. Let's not moving too much. Awesome. Um, let's see. So we don't, well we're gonna discuss a big project today. We don't have a specific project that we're. Going to, uh, to bring, I don't think, unless you, you have a surprise for us at the last moment here, George.

[00:19:56] I don't have any buzzer beaters. You know, I think, uh, I, I'm still just, uh, enjoying the fact that I picked up the, uh, The artifact there. But I will say because of the, uh, , because of the news that we just talked about with Nike and people being, I think, a little frustrated, um, the floor price is, uh, well below where I, uh, would say you, yeah, I was talking about buying it before you had, it was such a great buy until that.

[00:20:24] It looked like you had a great offer on it and things had kind of started picking up and then the news came out and, uh, you know, as, ah, it does feel like, man, anytime you, you actually release news, it's just, it's never good. Uh, floor Bryce is at, uh, 0.28, uh, call it two at 0.29. So, um, it is lowest it has been in quite some time.

[00:20:46] So if you think Nike can, you know, figure out how to make shoes a thing, uh, you know, maybe. Uh, pull up on it, but it's, um, yeah, I don't know. It's pretty much kinda my, my joke that I kind of expected that is like, as soon as I buy it, I'll tell you what's gonna happen. Yeah. Has that fallen knife right. I'm sorry.

[00:21:07] That is important. So let us, of course, let us know, uh, you know, we'll, we'll get to talk about Cock Punch and everything here. Of course, you'll have to let the, uh, let the community, let the, the listeners know if you do pick one up. Cause we know what that will we'll do to the price, right, George? Oh, right to the mo.

[00:21:21] Well, I mean, this podcast is definitely gonna drive it right back up, so no worries on that. Moving markets every day. All right, so we talked a little about this project. We, we, everybody knows about this at this point. If you're. Yeah, you probably do the Tim Ferris project that, you know, he started talking about on his blog.

[00:21:40] It's, you know, really kind of funny looking, uh, chickens, but it's a whole fictional, we are preveal here to just noting as we, as we record this, we are pre preveal. Uh, so, you know, who knows what may have. Post reveal. Yeah. Uh, well, I I did try to get one. You actually got one. Uh, it's sold at 0.3 and, you know, sold out in like classic in inside of minutes because there was like far more.

[00:22:11] Uh, I think marketing, uh, associated on it, uh, easy. Great marketer, isn't he? The guy knows how to market things, right? Like, you know, this is the person who, you know, made, basically made it under the scene with like a four hour work week, right? Where. , he actually came up with the title of that book after, like running a bunch of different ads to see what people would click on.

[00:22:32] And he is like, oh, that . So, uh, he's certainly been in the game and he has, you know, friends like Kevin Rose, who as soon as you, I think have him on your project in any way, shape or form, saying like, I'm gonna support this. Like, there's just a lot of institutional. Uh, and old holders that all just follow him no matter what.

[00:22:54] So right, you get the proof holders, you get the moon Bird people and anyone that just feels like they maybe missed out on those and still is a big fan. You know, I think overall we've, we've seen a lot of collections recently that I think speak to people that, um, maybe are of a similar age background, whatnot.

[00:23:15] To Tim Ferris. And you know, one of the things that he was great at with his marketing of his books was really understanding where to, to make it feel like he's everywhere in a specific community. And I think he's done that here. He's been on Kevin Rose podcast. He's been on, he's been on just, just all of the, the major, uh, n F NFT and Crypto Media

[00:23:37] Um, it's been on that tour and it's, it would be hard to not know about this if you're, you're in crypto. Um, This was, I mean, it was impressive volume here. This was a collection of 5,555 pieces. Pretty, I feel like we've seen a lot of collections going smaller recently, maybe with, you know, with the, uh, the editions of the market and, you know, this is a, this is a big collection sold out quickly, as you said.

[00:24:04] I think, you know, you mentioned that it was about 10% overallocated not clear to me that it. It was only 10% based on how quickly that went. Uh, I think it may have been more regardless. It's, I mean, it's, it's impressive that there was this much just waiting out there for this, this project. He, he's then acted as a collector in the space, although I, as far as I know, his wallet is, is not known.

[00:24:31] Um, but he has been at different events that reached out at the, uh, the, uh, Martha. Event for art blocks, um, as was Kevin Rose. Um, so, you know, he's, he's definitely been around and seems to understand a lot of the, some of the nuances of, of, of the NFT ecosystem and how to release a project. But this is, it's pretty different than from anything he's done before.

[00:24:59] I mean, this is a, it's a, it's gonna be a fictional. Right. With these characters. He's launched a separate podcast to, I dunno if you'd say to support it, but it's sort of about kind of the, the creative exploration of this project. Right? Yeah. He's done some unique things here. Obviously we talked about the item size, which is different.

[00:25:21] Uh, he has made it very clear, I, I don't think he's having a discord. Maybe that's, , he is promising exactly zero utility . Um, and like he's doing it like very much upfront, which, you know, if you look back pretty different than, you know, the Kevin Rose style of being like, oh, I'm gonna be sending you like all this kind of stuff.

[00:25:43] You're gonna get alpha into discord. You're gonna be part of this. Like, I think Tim is just like, look, I design some really cool, funny, uh, art that pairs with an entire, uh, story narrative that he's just going to launch and. Uh, whole podcast behind it. And so it'll, um, you know, it'll be a potential creative asset, uh, that he, you know, tries to, to build behind.

[00:26:07] And I see Gary Vaynerchuk trying to, you know, do this with, or talk about doing this mm-hmm. , uh, with, uh, v Friends, right? How there's gonna be stories associated with all these like little motivational cri critters running around business like, okay. Uh, This is, um, an interesting experiment. I was, I was frustrated.

[00:26:27] I, uh, I really did wanna get one, but now I'm, you know, sort of hawing this, uh, , this price. Uh, as it kind of comes down, I think there's like, uh, probably a lot. What are we looking at right now? We're at point, point, uh, nine, six. Um, and I know you obviously picked it up at 0.3 probably on Right? This wasn't, I mean, I saw at one point there.

[00:26:49] Solid sales at 1 1 5. And then it seemed to come back down to one three when I last looked at it, uh, before, before going to, to, to sleep the, uh, the night of, of the mint. Um, so it's come down a little bit. very, uh, I'm curious to see what happens with this. It's, yeah, it's very ex, almost the opposite of, of proof and what Kevin Rose has done in terms of not, you know, promising nothing.

[00:27:15] I don't know exactly what to expect, um, in terms of the project and it, and it's not, it's not the type of project that I would typically just jump into. Because of the lack of details and lack of clarity about what's going on. It's the Tim Ferriss name certainly is, is what's carrying this project right now.

[00:27:36] Yeah. Uh, clearly that's, that's in there. I, I do see that they did over 7 million in, you know, the first seven days and like, it hasn't been seven days, but it's been, you're sort of like aggregating a few days. , uh, whenever this comes out, I think it's also, um, it's interesting to see. I have never seen something of this volume, uh, go directly toward a nonprofit, uh, the Foundation, uh, which, you know, it is Tim's Foundation, so you're like, yeah, I did go to a nonprofit, but I think it's maybe slightly different what it is.

[00:28:10] Your own personal, basically like nonprofits, you're running. Right, right, right. Like that, I mean, yeah. You, you get go do good work. That's fun to do with it. And you know, there's something about, you know, try, you know, believing in what you're doing. But yeah, it's not giving it away. We're not going, it's not going.

[00:28:27] The Humane Society, I mean, again, look, there's a lot of oversight. Um, you know, because it's a, you know, they have to file as a public charity, uh, a nine 90, which you get full, uh, disclosures on how people are compensated. So you get the top three people that are compensated at the organization. Like my other, my other world is deeply in nonprofits, so I looking at this from that lens too, being like, holy cow.

[00:28:52] Like if, you know, had a celebrity in a way to, to do it, like guess what? Like he, you don't pay taxes when you donate all of that money to a nonprofit and then you use it operat. You made money. So one of the things that, you know, I would give you, I imagine if he's giving it to that, that's also giving money to a nonprofit, even if it's his, it is a filed, we could, you know, I have a, I have a nonprofit that I run and I could have a drop and I could send all of the money to that nonprofit and I could hire me, which I do.

[00:29:28] I work for it and I pay myself through it. I, I, I'm, I don't mean to be throwing any fud actually at, at all. I'm just looking at it can be done the wrong way. It can be, there's a lot of, there's a lot of variables in here, and we've seen cases where it's not done right. I'm not, neither of us are saying that that's the case here, or if Ferris is doing the, let me just take that clip, and we're like, well, hypothetically, , I think we've seen some issues where people have tried to, To maybe give money to certain organizations in the crypto space to maybe make things look better than they are.

[00:30:09] Again, not what's happening. It just can be done. Um, and it hasn't been done too, some pretty ridiculous, uh, degrees in crypto anywhere. Well, The other question that kind of raises in my mind here, um, is that, let's just be honest, like it takes money to build community, to build assets, to build that podcast.

[00:30:29] He's going to now all of the secondary sales, of which he gets 6.9% because he's a goofball, 69%. Like it's just funny, , 6.9%, uh, of the transactions that, um, you know, I, I don't know what networks are gonna. You know, allowing this, or not allowing it with author fees, but like, that's how that will actually generate its initial revenue, right?

[00:30:55] Like, although the guy knows how to run a podcast, I'm sure he can get ads on top of his, like, fictional narratives and like go from there. But that, you know, it is a very different thing starting a company with like just the royalties that come off of this versus like starting a company with 7 million, like, you know, that's headcount, right?

[00:31:12] that's head of marketing, head of creative, like, you know, the. Is, um, something Yeah, and you figure that most of those, you know, a good percentage of the royalties are gonna come in, you know, shortly after men. You know, as we, as we are recording this, it's really, we're less than a day and a half think we're about 30 hours, uh, from mid time.

[00:31:35] Um, so, you know, we've seen a ton of volume and, well, it's hard to say, you know, the, the number of transactions likely slows down. It's hard to say what's going to happen. The price. So, you know, you don't know what the royalty, uh, royalties will end up being. Um, you know, that being said, it is, you know, he's got a big project to run here.

[00:31:54] He is doing a podcast. He has, he, he announced the new podcast on his current podcast and said it was a. I think he said it was a 32nd promo for the new one. It was still a five plus minute recording because he fills those things with ads. He's real. If you've listened to his podcast, you'll know that man, there are a ton of ads and there are a ton of listeners.

[00:32:16] They pay some big money. Uh, he, you know, he's found a way to make it work and he's not. Yeah, we, you know, we just talked about how it's his own nonprofit also, if he. if, if things weren't going so well. That's a lot of, a lot of money he just raised, you know, he, he's clearly, uh, clearly doing all right otherwise, that he, that he can do something like that.

[00:32:36] I, I do expect that he'll be able to bring some of that to the, uh, the new podcast as well. Yeah, there's, um, you know, as I look at it, there's one wallet that has, um, like 10% of the project and it's unnamed exactly. and maybe tens like he may have just held on, he must have held onto it. So likes kinda interesting to be like, oh, there it is.

[00:33:00] Like none of 'em have moved out. Um, as far as I can see, they're just like all airdropped to this wallet. So, uh, you know, I wonder how much of that supply the thing or something. I would think. Yeah. So I mean, if you're in this project, that's like one of those things that we're looking at to be like, all right, what is the distribution of holders?

[00:33:22] and in a different world, right? Like, you know, you, if you have, uh, 10% of a project that will potentially just be sold along the way. Um, it's important to know that. And again, without a, a discord, I wonder if that actually kind of bites them a little bit because these people are gonna feel less of a camaraderie with each other, less of a connection and understanding of like, what's, what's being planned, other than like tuning into the, like , the podcast b.

[00:33:51] Right. Yeah, that's, that is interesting. It's an interesting, interesting choice not to go with the, the discord. I think we've feel like we've seen that from, from some of the Freeman projects recently. You know, obviously at 0.3, this was not a Freeman kind of, uh, I don't know. I think we've, I'm not saying we've seen the end of Freeman's.

[00:34:08] I just think, you know, people got maybe a little carried away with the idea that everything was going to be a free mint. And you know, more often I think this is going to be. I think most successful projects will actually start with a midprice because there is demand and it does give them something to play with, um, in terms of building afterward.

[00:34:27] Yeah, I um, think it's another example too. You know, your. You're able to see, like, here's somebody who has, you know, uh, a brand and trust. And so if you're a creator who has built up an audience and audience trust over a period of time, like this is a playbook. And we've seen it, you know, run, uh, many times, but like, you know, really, I can only think of the, like Gary Vaynerchuk, Kevin Rose, Tim Ferris, like, uh, you know, you get some other stuff out there.

[00:34:58] But in terms of like people that had. Large audience of podcasts, like running that type of play? Um, I, there's a lot more out there and I think there's a lot more creators that are like, at some point I know I'm gonna have to get into this game. Uh, I, you know, I think they'll probably care about not wanting to rug their supporters.

[00:35:17] Uh, so watching it carefully because Tim cares, uh, and has c. Uh, that brand of trust. So I, uh, I don't own one, but if that price, I, I'll, I'll throw a dart at it. I was gonna ask you, what, what is your, what's your target? My target on this 1.6, I think there's a lot of people in here flipping this thing. I don't know how he kind of fully distributed it out there, but I don't think, um, the Venn diagram of.

[00:35:43] overlapping. Tim Ferris fans and holders of this are, uh, anywhere near aligned, uh, right now. Yeah. There, you know, I feel like it's something, you know, there were a ton of raffles for this, um, across different projects and I, I get that to some degree that there's no way to, to really gauge how genuinely interested people are in the project.

[00:36:09] And I hope that we can find ways that people. Have interest. It's something that I think if is where an artist that had released things before, a creator that had released things before, it's something that maybe you can find people that are actually holders, take a, you know, take a snapshot, something like that, a little harder with brand new projects and I.

[00:36:28] I think you're right in that it ends up being just a lot of people that won and are looking to, to flip it, you know? And, and it's hard not to if you, if you don't care that much and you paid 0.3 and it's up to 1.3 the same day, or even one, it's a nice little nice little flip if you, if you don't, you know, for not doing much.

[00:36:47] Um, yeah, I mean it's a, it's a much bigger buy for, for. Like you that's looking, that actually is generally interested and now you're thinking, well, what is the right entry point? Because there are a lot of people still, still flipping. Yeah. Look, it's, it's also kind of very clear that like, you know, you try your best, but like there are people in here who clearly got like, 40, 50 of these things, and I can look at them right now.

[00:37:12] The top 100 owners, the number two and number three people had 47 and 58 respectively. And they are just constantly selling. They're just just completely selling into this market. And so, like, I, again, well that's the thing, right? Like maybe I, I don't have the whole narrative, but like I do and can look at Davis, I dunno.

[00:37:35] I, I, if it. Yeah, you can do some more digging. See if those wallets are connected to the, the, to Tim and the team. I hope not. Cause I, you know, that's something that definitely frustrates me when I see people that have access, um, early access or, or privileged access to, to a project and getting too much at selling.

[00:37:54] Cause I, you know, I'm not saying that you can't sell. , but I think that there's a, you know, there should be more of a lockup period for those that do have access. So I hope that it is not that case. Not saying it is, you know, we have seen it at, you know, in, in, in projects before. Yeah. I'll send it to you. I mean, it's like this person's, you know, made bank on this, you know, and it's clear they got a ton of these in the door.

[00:38:16] I'm seeing at least, uh, 20 sales. Um, and you figure they're probably about tripling if you know at least. Yeah. Looks he's tripling. Um, on that. Uh, so again, when you're Oh, this mic cre to the pros. You though Yeah. Think I might even know who this is. , he's gonna check. Make sure it's not a friend of it. He like, oh, nevermind.

[00:38:41] I think I, yeah, I might I know him. I mean, look, if you, if you get it, I mean it's not the do it. Yeah, but I mean it's the name. So wait, this, I did see this person buying a lot early, but I also think. Yeah, I guess I'd have to look at, you know, did they actually buy them or they, uh, you know, were they, did they mint that many?

[00:39:03] Um, you know, I, I would think that with a raffle we'd see a relatively, um, Why distribution to a large number of unique wallets? Hmm. I don't, doesn't, uh, doesn't always work out entirely like that. You know, as you said, there's this person, a lot of these, um, it's a, you know, at the same time, you know, there may, I don't know where this project is going.

[00:39:24] Um, it does feel like there is, there's a lot of demand and, and still people looking to get in and I. You know, I would think that the, there is a, I dunno, I don't see this one as one that's gonna be back to, to anywhere close to the midprice, um, anytime soon. I think, you know, it won't problem, it just won't, it just won't.

[00:39:44] I, um, I'm throwing a dart at 0.6. I think the other piece here is like, I mean, this was on my radar immediately. I was like so fast to get on like the white list. I've listened to all the stuff in the past. I think I, yeah, I think that's what you can really see. The fact that like, when you have those elements, Person, trusted brand long time in the industry.

[00:40:03] Probably a bit of a tech band, something funny, creative, something that they obviously put care into. And then that type of media blitz like, just try to get on the white list, you will make money. It's like, that seems now, will, should you hold it indefinitely? No freaking clue. But it's very clear when you have an over, like this is the old play when you over subscribe, drop with a, you know, a person or brand that's like trustworthy, like number probably go up.

[00:40:28] Yeah. And I think that's, what a lot of people saw a year. Um, you know, people went for this mint, whether they were ready to hold it for a long time or just flip it cuz it looked, I mean it's sort of a no-brainer when, when you see this sort of attention and, and we weren't the only ones that saw it. . Yeah.

[00:40:46] Well I, you know, it's disappointing cause you saw this, you, you did see this even earlier. You got on the wait list so early and I guess that's where I feel like shouldn't there be, you know, I, I won three through a raffle much later. Didn't have to pay much attention and, you know, It almost goes back to the days of when there was, uh, you know, just, uh, hustling and different discords to, you know, get on the lists and, and do all the different things.

[00:41:09] And, you know, you do see that there is something to that. Cause it, yeah, it takes time and like you put in the time and you get rewarded for that. Like there's no, you know, no way around that. And. Uh, I'm surprised he didn't have us, you know, pre-buy a, a book or something to help him get another , another New York Times bestseller.

[00:41:27] And, you know, I, I mean like, it's funny if he just, if he just did it, it was just, it was just almost nothing. It just said Cock Punch in the book and still I New York Times bestseller. It would've been pretty funny, dude, straight up, like, could have been a graphic novel. Like he could have gone ahead and like done it and be like, go buy this book.

[00:41:42] And you're like, all right, fine, I'll go buy this. Like, I'll go buy 10 of 'em, like Gary V did that. , like, I think v2, I mean there's a book drop. Oh, so this is already done? Yeah, yeah. No, no, no. Tim, Tim doesn't follow . It's like Damnit. You did it first. , I love it comes back to how many like trees. Can I like incinerate to make some books?

[00:42:03] Yeah. Yeah. Now that the blockchain is, uh, yeah, , I don't, I'm against books cuz it uh, hurts the environment.

[00:42:11] Oh man. All right. Uh, we had one other narrative here, like, I don't know, we'll come talk about it later, but it just feels like one long band-aid ripping event after another with, you know, various platforms and fallout coming. We were speculating before we turn on the mic, like, Whether or not Heather is on the track.

[00:42:29] Did we get anything right about this year? Did we get anything right about this year? ? No, I don't think so. I was so bullish. I did real predictions, but you know, I think we should, uh, maybe be more explicit about some predictions just so we can really see how bad we are, are. Did fair. We did talk about some of the themes, and I think we should try to go back to that at some point in one of our upcoming episodes.

[00:42:53] All right, that's a good idea. How wrong were we about the themes of this year? , who predicted the multi-billion. Frauds and blowups. Um, oh yeah, we, I mean, we have to do a classic prediction episode. I feel like that's just, everyone loves that, have two idiots guess of what's gonna happen, like Sure.

[00:43:14] Yeah. Did you, I mean, have you picked that? We were going to have just massive blow up after massive blow. Why didn't you let us know, and why are you still here listening to this? Because you should have been out of this already. So, , I, I just, I'm not gonna believe you. If you told me that you knew that was gonna happen, show me the receipts.

[00:43:36] should be on the chain. Uh, but yeah, I, I really kind of hope that like 2023 is less bandaid ripping, like just if tethers gonna collapse, just do it already. Like let's just go down, go down. Oh, it's not, that's not the way you, it's not the way that's all. Bandaid are ripped off . Apparently not. I mean, it's supposed to be like that, right?

[00:43:59] We are just slowly removing this, you know, as, as is constantly, uh, said in the, the x copy discord with anyone cuz it's just, it's max pain, you know? It's, it's, it's alluding to his max pain and friends that just cannot get back to. To, uh, min mint, you know, and it's, uh, just, well, that's the only, I would say, is this a fair, is this an accurate statement?

[00:44:24] Is the only X copy that is below its min price? I, yes. Also, coincidentally, the only X copy that I have ever bought at Min Price. Oh man, Jess, I'm just saying coincidence, maybe.

[00:44:39] Yeah, I like my, I I'm very proud to have an next copy. I'm pleased with that thing. Uh, it's, it's, you know, uh, I love the project. I think there's probably still board to come to it. And I still love the references of, man, you know, what is the max pain? That is what we will get. . Oh God. Yeah. Um, all right, well, uh, we'll go out.

[00:45:01] I'll have to go hunt. I feel like we did, uh, Our projections about what was gonna happen this year. So we'll go. We talked about some themes and you know, I know, know, gaming was gonna, you like music. I was all about gaming and at that period of time I had like some, like we doing really well with some of the gaming stuff and then, you know, everything imploded.

[00:45:21] Mm-hmm. . Mm-hmm . We were over the metaverse though, so. We were right. , we were over the Metaverse we're like, this can't go on. Oh yeah. You know's idea of what that was. And man, remember those, those virtual land prices getting up to 20, come on, . I mean, you do more than I do because I think you held a lot more of 'em than I did along the way.

[00:45:46] I, no, I mean, I had, I didn't have much, I didn't do blow on these at all. I think. I think you had a sandbox spot at one point, right? And I had That's pretty good. You had the NFT Worlds nfs that I, yeah, I, I, you know, I think I made like 0.3 on that. Sold that at 0.7 when I those got up over 10. I know . Yeah.

[00:46:11] Yeah. You know. All right, well, uh, see you out there. Leave a rating reviewed, drop into Discord. Maybe we'll, uh, do some horse trading. Literally. Yeah. Swap your worthless tokens. Help someone else out. . All right, see you out there.

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• LooksRare Reduces Creator Fees to Zero as Competition Hots Up  

• The Block: Judge denies former OpenSea employee's motion to dismiss fraud case 

• • • Meta's Metaverse Division Loses Nearly $3.7B in Q3 - Blockworks 

• • Could Paypal Be Opening A New NFT Marketplace?  
  • Art Blocks Presents Erick Calderon’s Project: Friendship Bracelets 
  • Aptos Is Luring Away Solana NFT Traders and Creators—Will It Last? - Decrypt 
• Friendship Bracelets 

Theme: Would we buy it again?

• Retroactive grading of our projects. 
• https://docs.google.com/spreadsheets/d/1YmmUbz4ru4qovrbxv44zREyQGQIg8Fvsdck9fotzfnk/edit#gid=0 

This is a fraud:  https://opensea.io/collection/meta-valorant-mint-pass-originals 

• Project: Anything on the buy list? 

• NFT News

• • • Apple blocks using NFTs to avoid App Store fees

• New NFT Marketplace Blur Closes in on OpenSea in 24-Hour Trade Volume

• X2Y2 Blocks New NFT Marketplace Blur from Using Its Listings - NFTgators  

• • The Block: Azuki NFT project sets record for eight most expensive skateboards ever sold 
  • Rimowa Luggage Enters the Metaverse With Nike RTFKT NFT Suitcases | HYPEBEAST 

Twitter Will Allow Users to Buy and Sell NFTs Through Tweets - Decrypt

• Royalty fees have been treated very differently by NFT marketplaces, with some recent significant changes
• Marketplace fees have also been scrutinized on platforms like OpenSea which take 2.5%
• As marketplace competition grows, will fees go lower in efforts to gain market share?

• Project: Ledger Pass 

• NFT News

• • The Block: South Carolina house sold as NFT for $175,000
  • Four U.S. states order a metaverse casino to halt sale of NFTs 
  • NFT marketplace Rarible launches its NFT aggregator 
  • NFL Players Become Deadfellaz Zombies in DraftKings Fantasy NFT Collab - Decrypt 
  • Magic Eden Is Moving To Optional Royalty Payments 

• NFT technology is being taken more seriously by government & business entities
• Guidelines from government will allow more businesses to enter with more clarity around tax laws
• Companies like Reddit have demonstrated widespread adoption as NFT tech becomes more normalized

• Project: Space of Dust Odyssey by Scott Carr

• NFT News

• • Reddit Users Created 3 Million Crypto Wallets to Scoop Up Polygon NFTs - Decrypt 
  • Beeple Gives Back to the Community with IRL Studio and Gallery Space 
  • IRS 2022 Tax Guidelines to Treat NFTs as Stablecoins, Cryptocurrencies 
  • The Block: NFT marketplace Blur to airdrop tokens to users as it goes live 
  • Shopify users get their hands on Tezos NFTs with new partnership
  • How BlockBar’s NFT Drop Paves the Way for Direct-to-Consumer Sales

https://opensea.io/collection/akutars/analytics 

• Project: Qwerty by Tara Donavan

• NFT News

• •  
  • Gabe Leydon's Limit Break plans $6.5M Super Bowl ad for NFT game | VentureBeat 
  • Five Charged In France Over 'Bored Ape' NFT Theft | Barron's 
  • Solana’s DeGods NFT Project Updates to 0% Royalties & Y00ts and DeGods Artist Leaves The Team To Focus On 1:1s 
  • Solana Network Woes Exacerbated by NFT Airdrop Malware Threat 
  • ENS Introduces Wrapper to Allow Sub Domains of .eth Names
  • Uniswap Just Raised $165 Million to Build NFT Aggregator, Here's What For 
  • DefiLlama founder moves to NFT lending to tackle liquidity constraints

Luxury Outpaces Other Industries With NFT Drops, New Study Finds | Jing Daily 

• Project: FewoWorld: Canvas 

• NFT News

• • CNN Ends NFT Vault effectively rugging collectors 
  • College quarterback's NIL compensation nears $4 million amid new NFT partnership 
  • Vin Scully NFTs Included With Dodgers Tickets To Games 1 & 2 Of NLDS 
  • Formula 1 Dives Deeper into NFTs and Crypto 
  • OpenSea CFO leaves less than one year after joining 
  • OpenSea Adds Avalanche NFT Support - Decrypt
  • SEC Investigates Web3 Top Dogs Yuga Labs

• What is a whale? 
  • Whalestats tracks up to 5000 of the largest Ethereum wallets (the "whales"), who are worth an average of $11,029,129 and hodl an average of 7,666 ETH, 6 tokens, and 1 NFT.
• The whales are still doing stuff
• Be careful following single moves because they have a larger tolerance/bankroll for risk… 
• Is it even a good idea to follow?

• Project: Fewocious Paint Drop

• https://opensea.io/collection/fewoworld-paint?search[sortAscending]=true&search[sortBy]=PRICE&search[stringTraits][0][name]=Paint%20Quantity&search[stringTraits][0][values][0]=2&search[stringTraits][0][values][1]=3&search[stringTraits][0][values][2]=5&search[stringTraits][0][values][3]=4&search[stringTraits][0][values][4]=10&search[toggles][0]=BUY_NOW 

• NFT News

• • Three Arrows Significant NFT Collection Seized by Liquidators
  • Celebs paying up for NFT promos? Kim Kardashian to Pay $1.26 Million Fine for Illegally Shilling Ethereum Token - Decrypt 
  • NFT Artist Beeple Warns Discord Members of Wallet Drainer Exploit - Decrypt
  • Cool Cats Group secures strategic investment from Animoca Brands, building on gaming partnership 
  • Artist in ‘MetaBirkin’ NFT Trademark Case Denied Early Appeal 
  • ‘Ethereum Killer’ Solana Suffers Another Major Outage - Decrypt 
  • Solana NFT Sales Volume Is On The Rise 

IMAGE: DALLE2  whale fireworks

• Millionaire Martin Mobarak probed for torching $10 M Frida Kahlo painting in NFT stunt
• NFTs from art and the burning question of their physical origins
• Banksy Works to be Released as NFTs on MakersPlace 

• Project: Bankless DAO token (again)

• • • Clear conversation on the podcast about an NFT they want to launch during bear market. Mentioned in Gary Vee podcast recently

• NFT News

• • 'Apple Must Be Stopped' as Web2 Firm Launches 30% NFT Tax: Epic Games CEO - Decrypt 
  • Art Blocks Fidenza Creator Sells $17M of Ethereum NFTs Amid Market Slump - Decrypt & NFT platform X2Y2 hits back at blacklist by Tyler Hobbs' QQL 
  • All Facebook and Instagram users in the US can now share NFTs, cross-post between both apps | TechCrunch 
  • Crypto's First Fantasy NFT Trading League
  • Generative Project Art Blocks Is Evolving: Here’s How

Image credit: DALLE2 Frida on fire 

• Topic discussed in recent SuperRare editorial Nothing but net worth: Sports collectibles cross over to the blockchain - SuperRare Magazine 
• Most expensive sports card sales ever have occurred this year, well after the introduction of sports NFTs
  • T206 Honus Wagner Sells for Record $7.25 Million - Aug 4, 2022
  • 1952 Topps Mickey Mantle card sells for $12.6 million, shattering record - Aug 28, 2022 
• TopShot soared then crashed, MLB & Topps have made poor attempts, NFL All Day & Draftkings Reignmakers getting some traction as games - not collectibles

• Project:

• https://opensea.io/collection/proof-grails?search[sortAscending]=true&search[sortBy]=UNIT_PRICE&utm_source=wgmi.io 

• • • Grails II by PROOF 

• NFT News

• • OpenSea announces support for Layer 2 network Arbitrum 
  • Ethereum Name Service says it has regained control of ‘eth.link’ domain name
  • Sam's Anchor Cafe raises $300k+ with inaugural Bootleggers NFTs
  • Universal Studios planning Halloween-themed NFT scavenger hunts
  • Pudgy Penguins Lil Pudgys Get Their Own Physical Toys Licensed 

Tiger Woods, Tom Brady and the PGA Tour team up in new NFT platform deal 

Image from DALLE2 Cards on fire.

• Crypto price tracks the Nasdaq
• NFTs can’t fight the FED rate… 
• NFTs follow Crypto volatility so….
• What would need to happen for this to change?
• NFTs are a luxury good market that will PROBABLY follow cashflow. 

• Project: Quasars by Quantum.art - collect mission patches for potential chance to mint. Premint for Patch 1 open through September 25, 2022 11:59pm PT.

• NFT News

• • NFT: Epic Games debuts its first NFT Game on the marketplace - EconoTimes 
  • Yuga Labs Rumoured To Launch A “Mecha Apes” NFT Collection, Targets $50 million sale
  • Greenpeace Intensifies Campaign Against Bitcoin Following Ethereum's Merge 
  • Tyler Hobbs Launches QQL Website for New NFT Project
  • $31,000 Mutant Ape NFT Awarded To Lucky Winner of MetaWin competition. | Bitcoinist.com 
  • National Lampoon Launches First Web3 Studio, Announces Poison Pill NFT - NFTgators  

• • Topic recently covered by NFT Evening in “Tech and Culture” Website Gizmodo Hates NFTs….But Why? 
  • Many digital media companies share their dislike for NFTs in every story, despite being open to other new technologies

• ArtNet: 

• The Boom and the Bust: How NFTs Went the Way of Beanie Babies

• • • Damien Hirst’s ‘The Currency’ Was a Referendum on NFTs Vs. Traditional Art. The Result? A Resounding Preference for Traditional Art | Artnet News 
  • Gizmodo
    • Starbucks Explains How Its Dumbass NFT Program Works
    • NFT Feet Pics  

• Affordable project: Senate/potential elected reps ETH Addresses 

• NFT News
  • Polygon chosen for Starbucks web3 'odyssey'   
  • NFT mints on Solana have surged to an all-time high 
  • NFT Renting Platform Shuts Down, Citing 'Close to Zero Traction' - Decrypt 
  • A Bored Ape Ethereum NFT Owner is Launching a Real-World Yacht Club
  • This San Diego Car Wash Is Using NFTs to Drive Up Demand 
  • NFT: GameStop introduces NFT trading cards as added perks for its rewards program members - EconoTimes
  • Coinbase Now Lets Users Check Which Politicians Are Crypto-Friendly - Decrypt 
  • GameStop's head of blockchain departs company 

Image credit: DALLe2 openai  - news on fire

• New marketplaces are cutting into OpenSea’s marketshare, as discussed in CoinGecko’s article Market Share of NFT Marketplaces 
• Most marketplace listings are off-chain, i.e on siloed databases that sometimes can be accessed via APIs, many most listings only visible on original listing marketplace
• Aggregators, new apps will emerge

• Affordable project: wait on value projects to drop in price.

• NFT News
  • Last Ethereum Block Before Merge Minted $47K NFT 
  • An NFT minted after The Merge cost $60,000 in transaction fees 
  • Ethereum Energy Usage, Carbon Footprint Down 99.99% After Merge: Report - Decrypt 
  • $70M Art Collection at MoMA To Be Sold, Proceeds Could Fund NFT Buys - Decrypt 
  • Sotheby’s First Single-owner NFT Auction Hosts MaxStealth’s Collection 
  • Kingship Brings out the Big Guns to Lead its Musical Charge 
  • Exclusive: Jim Carrey Secretly Dropped NFTs Under His Web3 Alias 
  • Rantum’s Mental Model for Analyzing Blockchain Data [Podcast] 
  • OpenSea partners with CurioTools, Icy Tools, and Proof Collective to release Open Rarity

image credit:  macro photo toy ship sinking, DALLE2 OpenAI

• For all 7 of the new people looking to get into NFTs, this is for you.
• Where to start?

1. Use Metamask to get a wallet and protect the key. Load your wallet using CoinBase.
2. Define your budget, but don’t buy, spend +two weeks doing practice (paper bids not real)
3. Participate in a free mint to get the feel. PS borrow a ZED Horse and do some free races
4. Stalk 3 discord groups. 
5. Buy your first affordable NFT. Browse our project list and just see the rise and fall of once popular projects. 

Tracking Spreadsheet: https://docs.google.com/spreadsheets/d/1YmmUbz4ru4qovrbxv44zREyQGQIg8Fvsdck9fotzfnk/edit#gid=0 

• Affordable project:  LOL let’s gamble https://metawin.com/ 

• • Does the math work?  Number of entries * price  =  expected value.
  • Things on strings - TY!
• NFT News
  • David Bowie Estate Links Up With Nine Artists for New NFT Project 
  • Reddit NFT avatars selling for a premium on OpenSea 
  • Actor Bill Murray loses $185,000 worth of Ethereum hours after raising funds in NFT auction 
  • Frank DeGods and Y00ts Team Take Time Off After Mint Concerns 
  • Company behind Ethereum Name Service files lawsuit over domain sale 

Midjourney image: a kid’s style drawing of Elon Musk riding a rocket to Mars - @things-on-strings

• Will this revive NFT volumes? 
• Can ETH news fight the fed?
• Reminder, ETH volatility bad for NFTs… 
• Be cautious 
• Finally Green

• Affordable project: ConsenSys Marks Ethereum Merge With Green NFTs

• NFT News
  • Sorare Takes on NBA Top Shot With Ethereum NFT-Based Fantasy NBA Game - Decrypt 
  • Collect FIFA moments in time with NFT launch at 2022 Qatar World Cup 
  • Crypto.com backs out of Champions League sponsorship deal 
  • MoonCats sold to two Pondercat team members 
  • OpenSea Is In Trouble – NFT Trade Volume Down 99%
  • OpenSea and Fair.xyz's Soulbound 'Minter Token' Honors NFT Innovators 

• Data on dropping floors of every major female-led project.
• Why this is bad
• When will this change?
• Isn’t this just what happens in real art? And Tech?
• Previously high female-led projects have dropped more than market
  • Boss Beauties - Collection | OpenSea 
  • World of Women - Collection | OpenSea 
  • BFF Friendship Bracelets - Collection | OpenSea 
  • World of Women Galaxy - Collection | OpenSea  
  • WomenRise - Collection | OpenSea 
  • Deadfellaz - Collection | OpenSea 

• Affordable project: The HUG Pass - Collection | OpenSea 

• Use this search to find projects 

• https://opensea.io/collection/1989-sisters 

• NFT News
  • Meta Adds Ethereum, Polygon, Flow NFT Cross-Posting Between Facebook and Instagram - Decrypt 
  • OpenSea Adds Polygon Support to Expand Features, Accept MATIC - Decrypt
  • Major NFT Marketplace X2Y2 Changes Royalties Policy, Here's Why It Is Crucial 
  • NFT project Art Blocks launches engine for generative asset creation 
  • Mobile gaming firm Limit Break raises $200 million across two rounds, DigiDaiGaku surges
  • Kevin Rose’s Proof Raises $50M, Plots Token and Moonbirds NFT Expansion 

Why Did Snoop Dogg and Eminem “Perform” as Cartoon Apes at the VMAs? You Might Want to Sit Down

Midjourney image: a very bored ape wearing a sailor hat on a rundown dock,  by Rantum

• Mooncat hot take someone will acquire 

• NIKE crushed it with RTFKT - will there be a playbook?
• What might make a good acquisition target? 
• Where’s the alpha? Finding teams that have a plan, a brand and an economic engine

• Affordable project: Finiliar - Collection | OpenSea 

• NFT News
  • Ticketmaster Just Took a Substantial Step Toward NFT Tickets 
  • Survey finds only 2% of Americans have purchased an NFT - Westfair Communications 
  • A16z Creates NFT Licensing Framework to Standardize Collectors’ Rights - Blockworks
  • Solana NFT Project DeGods Soars Ahead Of Y00ts Launch 
  • https://zed.run/marketplace/borrow  lending and borrowing live on ZED!

IMage Midjourney rebuilding donkeykong level. Myth47

• Strategy is to offer loans in WETH or DAI at a low LTV (loan to value ratio)
• If borrower pays back, earn 40%+ 
• If borrower defaults (fails to payback loan), get the NFT
• Thread on SquiggleDAO’s recent Pipe Squiggle acquisition using this strategy
• https://www.benddao.xyz/app/dashboard/my-nfts
• https://www.nftfi.com/ 

• Affordable project: https://app.nftfi.com/lend/assets  max pain play 

• NFT News
  • Uniswap in talks with 7 lending protocols to 'build NFT financialization' 
  • Over $100 million worth of NFTs were stolen in the last year: Elliptic
  • NFT exchange SudoRare suffers $800,000 ‘rug pull’ six hours after launch 
  • FEWOCiOUS Hits Milestone with New All-time High - NFT Plazas 
  • Art auction house Sotheby’s hires an NFT specialist 
  • Y Combinator alumni raise $80 million for DAO to back crypto startups | TechCrunch
  •  
  •  

Image: 

https://s.mj.run/VSWU20HwRJY scooby Doo in Andy warhol style - @myth47.eth

• Fear/greed index gauges market sentiment using volume, volatility, active wallets, gas, social medial, google trends, etc
• https://twitter.com/OriginsNFT/status/1562756679598481408?s=20&t=6ZUTpgLxcT-k7zZh1tbfqg
• Extreme fear and greed may signal inverse action (extreme fear signals buy, extreme greed signals sell) 
• Total wallet watching:  https://dune.com/thomas_m/NFT-stats 

• Affordable project: https://opensea.io/collection/rtfkt-nike-cryptokicks/activity 

• NFT News
  • Nike's NFT-Related Projects Have Made Over $185M In Revenue - NFTgators 
    • How they stack up https://dune.com/kingjames23/nft-project-possible-data-to-use 
  • ‘NFL All Day’ is here: Can the NFL’s version of NBA Top Shot work amid an NFT downturn? - The Athletic 

• Here’s how Rally is ‘democratizing’ ownership of a rare Noun NFT 
• Telegram CEO Proposes Auctioning Usernames, Links As NFTs - Decrypt 

Pudgy Penguins Ethereum NFTs Pump 83% As Meta, Nansen Execs Join Advisory Board - Decrypt

Picture from MidJourney, User: Things on Strings

https://s.mj.run/01uacvnbHtk

“There are currently 32,267 ETH ($59,048,610) worth of NFTs being used as collateral for loans on BendDAO alone”

Many at risk of liquidation 

How big of a worry for NFT market? 

https://www.nftfi.com/   https://www.benddao.xyz/ 

• Affordable project: https://wgmi.io/   new listing pass

• NFT News
  • Analysis: What is and what is not a sanctionable entity in the Tornado Cash case - Coin Center 
  • OpenSea NFT Daily Trading Volume Drops 95% From 52-Week High 
  • What is Dogechain? The DOGE Layer-2 for DeFi, Gaming & NFTs 
  • https://twitter.com/CirrusNFT/status/1559954449002401792 
  • https://twitter.com/punk9059/status/1560348416265179141
  • https://dune.com/gideontay/Dashboard  

• NFTs do not guarantee royalties - marketplaces choose to/not respect them
• SudoSwap, a new NFT marketplace, has eliminated royalties https://dune.com/0xRob/sudoamm 
• Sudoswap, the NFT ecosystem, is gaining momentum as its TVL jumped from $120,000 to $3M over the past month. The company's liquidity pool skyrocketed 2,400%, facilitating over 60,000 NFTs and 29,000 transactions. 
• OTC Deals, including previous version of Sudoswap, do not honor royalties

• NFT News
  • Generative art may not be copyrightable
  • CryptoPunk, Meebits Owners can now Create Commercial Projects With Their NFTs | Blockchain News 
  • New NFT project, QQL, from Tyler Hobbs 
  • Paradigm leads $20 million round for Fractional as it rebrands to Tessera 

How to Trade on sudoswap, the NFT Market's Answer to Uniswap - Crypto Briefing

Deep dive into TXNs vs volume

• https://cryptoslam.io/nftglobal
• Diving into volume vs txns 
• Unique buyers? 
• What do Aug levels compare to?
• Checking the activity of a project: https://www.rantum.xyz/nft-collections-data-analytics 
  • Artist: https://www.fxhash.xyz/u/ippsketch
• https://www.rantum.xyz/nft/data-analytics

https://www.rantum.xyz/nft/data-analytics

• Affordable project: Sketch D by ippsketch (artist behind Bent, a curated ArtBlocks collection)

• NFT News
  • US Treasury sanctions Tornado Cash, accused of laundering stolen crypto | TechCrunch
  • NFT media management platform Pinata raises $21.5 million in combined seed and Series A funding 
  • Mailchimp Is Banning Crypto Companies Again - Blockworks 
  • Vitalik Buterin On Stealth NFTs: Could These See Adoption?  

• Exploring https://nftpricefloor.com/ 
• How accurate is this? 
• How can it be used?

• Affordable project: value shopping (https://adimverse.com/terms-of-service/). 

• https://opensea.io/collection/akutars 

• https://opensea.io/collection/lil-nouns?search[sortAscending]=true&search[sortBy]=CREATED_DATE&search[toggles][0]=BUY_NOW 

• https://opensea.io/collection/organized-disruption-by-joshua-davis-praystation 

• https://nftpricefloor.com/rug-radio-genesis-nft 

• NFT News
  • OpenSea introduces new stolen item policy to combat NFT theft 
  • Reddit's Community Points are migrating to Arbitrum Nova
  • Starbucks heading into NFTs and Web3

Ethereum core developers suggest tentative dates for The Merge  

Super rough transcript:

[00:00:00] Today on all about affordable NFTs. We're talking about what the project market cap looks like using a fun tool called NFT price, floor.com. Well, we're getting into it. We crossed a hundred episodes. We officially have done over a hundred episodes and we're coming up on our, our one, one year anniversary.

[00:00:21] I feel like, uh, that's a, that's a big accomplishment. And in NFT years, what. Time seven . Yeah, I feel like we've been in this for, for quite a long time. You know, it is nice looking at some, some NFTs and realizing that they are now long term , uh, gains, you know, not everything is just short term gains and, uh, well, you know, certainly not all gains anyway, but you know, it is nice when the, some of those get into the longer term holds.

[00:00:48] Um, but yeah, it feels like a very long time we've been doing this, George. Yeah. It's, uh, it's been interesting. I was looking back at some of our earlier episodes, also episode idea. We should be like, have we learned anything it's a year later, we'll find out when our, when our anniversary anniversary is and, and go for that.

[00:01:05] But there's some early projects I'm like just laughing at. And I'm like, oh, I remember when I was into that. But you know, just this time, last year we were looking at metaverse stuff. Right. We were like, oh, this kind of seems like a thing. And it was before all the announcement and pieces like that, but getting.

[00:01:20] You know, land, uh, land sales that have gone, like, I'd say like the full circle at this point of beginning, middle, and now, you know, end as we were looking at what was the. And Ft lands. What was it? Ft. Worlds. Those are the ones Ft, worlds. They were well, I mean, they got up over 10 at one point. I think they're bad.

[00:01:37] No, they start like this time last year they were at like 0.1 and I was like, well, this is a joke, cuz I feel like they didn't ask permission at all from Microsoft on what they're building on. And they're on an old version of it didn't matter. The tech didn't matter. But then it does because obviously Microsoft issued that whole like, Hey, uh, you guys can't do that.

[00:01:56] This is, you know, this is our land and you kind of like quasi built on it, unintended and you know, the, the price is taken a, an ax to it. So, yeah, what's, what's kind of amazing. Here is I'm looking at the, uh, the floor price and it's it's 0.85. Um, but we're, do recall that. I believe I actually, uh, got out at 0.7.

[00:02:17] So as much as it's fallen, it's still , it's still above where you were. I thought you sold one above one at one point, but. I don't think I did actually, but you know, um, I don't need to go back and look at it to confirm. It's not like you can find it permanently on the blockchain forever and ever. Yeah.

[00:02:34] Right. yeah. If we're playing that game, I've got, I've got more than mine, uh, fair share of that front, but you know, getting into it, you know, of today, what do you see in the news going on here?

[00:02:44] Oh, my gosh, look open C introduces new stolen item policy. I think this one's in response to, to our, our last episode, I assume that they heard, they felt the rest. They were put on blast by P a N Ft. And you know, they've, they've certainly, uh, they've introduced a new stolen item policy. So I guess now you actually have to file a police report within seven days of the theft.

[00:03:11] Um, and there are more options. For the new buyers to, to get that removed. Um, I tend to see a lot of details on, on what those options are. Um, and then, you know, they basically are still recommending that, uh, people go to another marketplace if, if they are having problems. So, you know, it's, it's something, but, you know, I guess you still get careful don't use a different marketplace.

[00:03:35] Yeah. I mean, I, I guess maybe they should put something in there that you can't, you can't resell a, re-list an item after purchasing it for seven days or something, and you actually wanted to make sure the customers were in the clear when they bought it. But, you know, I don't think that's gonna happen.

[00:03:51] Yeah. It's something, obviously we're, we're moving markets. We have a lot of power. We try to use it responsibly. This is a good first step though. I also noted that, you know, they're, they're, they're seeing that there's like falsified people submitting these transactions. So like, hypothetically, like let's say, you're like, you know, you're frustrated that you sold something and you're like, oh, uh, I was hacked, uh, it was stolen.

[00:04:15] Give it a back. Right? Like you need a police report. You need to have some sort of. Follow on of, uh, of law and repercussion. If you're, if you're faking that, not to say that people, I have no clue what percentage either way is, but they're, they're starting to realize a touch of responsibility in the process, which is important because what's happening now.

[00:04:37] Won't scale. They can't. Yeah, I am. I'm looking forward to seeing some of these police reports though. And, and, you know, just imagining what those conversations will be like. Well, the truth is. You know, like insurance fraud is real filing for fake loss and stolen items like that, that comes with severe consequence, you know, think insurance fraud.

[00:05:01] So, you know, to that end, you know, there is other elements of liability. Like we have homeowner's insurance, we have renters insurance when something gets stolen and resold, like you are able to go to various bodies. So this is like almost even, you know, the start of, especially if you're pulling in the police, the next step is saying like, oh, I potentially could.

[00:05:19] Individual insurance for myself. And they could look at, you know, also the blockchain and also in researching it. Guess what, as smart as we all think we are and like hiding things. If you're not, it's all on the blockchain, you can and will be found if you're dealing to a wallet that you ultimately end up owning and pulling back to yourself.

[00:05:37] So they're, um, you know, it's a road to legitimacy and I think there's a lot of second order thoughts that kind of come from what open C is suggesting here. Yeah, well, I'm glad to see they did something good work, good response to, to, uh, our, our podcast reason to open sea. I know you're listening still on point.

[00:05:58] All right, our next, next headline here. We've got, uh, Reddit, they're migrating their community points, which have been part of the, the system for forever. They're MI migrating these toum Nova. So this is a layer two on Ethereum, um, will be powering their, their community point system. So this is very much moving over to the blockchain.

[00:06:17] You know, we've talked about how things, you know, something like Reddit is very. I kind of already used to this sort of, uh, idea of, of digital ownership. And, uh, here it is. They're, they're moving over. Toum I think this is also interesting because you're seeing web two social move into web three, and they're only doing it on certain, as I understand subreddit, such as the R you know, subreddit cryptocurrency, where the community is kind of ready for this, but you.

[00:06:49] I think you're getting into, how do you make micropayments micro compensation for micro contributions of content to a network that makes money, right? You have a whole bunch of essentially unpaid writers when it comes down to it on social media platforms, putting out general content. And this is the start of saying like, whoa, how would we potentially share some of that value?

[00:07:13] Push it out rather than consolidate. and, you know, I, I think Reddit is, is perfect. Cuz you can divide this by, you know, the, the subreddits, the communities can decide whether or not they wanna compensate the group members or not.

[00:07:29] Yeah. I mean, I, yeah, I mean, we talked about, I think it makes sense. We'll start seeing this power. Other, uh, other point systems are seeing different, uh, layers, par power, other point systems here soon. I think, you know, we've talked about, I think airlines are, are right for this as well. So, uh, I wouldn't be surprised if we see, uh, some big changes or big announcements like this, uh, coming up in the next few months.

[00:07:50] And of course, arbitrary is a layer two on top of Ethereum.

[00:07:54] Uh, speaking of. Companies getting into, uh, crypto and NFTs. We've got Starbucks. I think you had actually mentioned this, but uh, little more information on this. They are, uh, going into NFTs. You'll be able to, uh, earn these by instead of just getting points when you, um, When you, uh, buy at Starbucks, you able to earn actual NFTs, you know, show how, how big of a, a big shot you are at, uh, at Starbucks, I guess.

[00:08:20] Um, you know, it's, it makes sense for them as well. You know, it's, it's a place where people are very used to ordering digitally and, and even earning points and, and, uh, you can definitely see, um, see the use cases here for them. I'm excited. They actually haven't announced which blockchain, but they are definitely gonna be choosing an environmentally sustainable one, cuz it's definitely part of their ethos.

[00:08:43] And also the backlash would be amazing. And there's kind of like a, a rumor baked in here that they're potentially waiting for. Ethereum's merge, which is penciled in for September. To potentially make an announcement. But if I were a betting man, and I am, I would bet polygon. So put it on the list of things that three a is, is predicting and will probably come true.

[00:09:05] I'd go polygon. What would you say? Yeah, I mean, that would be my guess as well. I was actually somewhat surprised that Reddit wasn't on polygon just because they have INED so many, uh, major deals already in have more, uh, real, real world use case or use experience than, um, many of the other layers at this point.

[00:09:24] All right. And, uh, let's see, speaking of, you know, the various Ethereum layers, we've got suggested tentative dates for the merge, the merge is coming. It sounds like we've got, there are two potential dates suggested, looks like it may fall around September 15th. Um, so we will see, um, that was, that will be, let's see the Paris upgrade, uh, the be.

[00:09:48] Upgrade will target September 6th. So this is, this is right around the corner. This is it's real, definitely seeing some, um, uh, some price movement in Ethereum recently, and gotta think that the merge is on people's minds when they are buying.

[00:10:02] So the, what is the recent test network? The final test network, uh, went through successfully as of the other, yes, go girly. I believe it is G O E R L. I, although it's yeah. I wanted you to. Pronounce that . Yeah. Which I mean, Gole, Gole, I, I don't know, you know, it's, uh, I believe it's a German city. Um, so I, with a, in the O is got, got some of those dots over it.

[00:10:28] So, you know, I'm a great successful one, two, it was successful. Absolutely. I mean, it's, uh, you know, since. The summer has been impressive in the development timeline seems like things are going as planned. And, uh, the merge is hasn't been pushed back. It sounds like it's actually been moved up somewhat. Um, so, you know, as we're recording this, we're in mid August and, uh, you know, we're about a month away.

[00:10:52] It's exciting. You know, I think it's, it's hard to say what has been priced in or not priced into this. I'm not smart enough to tell you. I will say you have a lot of factors going for you, the biggest and maybe underpriced piece, maybe the environmental component, like this is the number two, uh, crypto currency currency platform.

[00:11:14] And it's by going. By effectively going, you know, green-ish right. And sort of greatly reducing going from like 4% emission to 0.4% emission. It becomes this very acceptable, logical choice on, on a lot of levels. Not only just to build on, but to invest in. So. That alone could, could move. I think a lot of, of the market, not to mention the actual underpinning of the code, we've touched on all of this already, but you know, in some senses, if you're in the NFT game, maybe we begin to get to the road of stability.

[00:11:49] In price, like we're, we're carrying less, I think in the game of empty about what price Ethereum is though. It definitely matters but the freaking stability, because right now let's just be honest. Like if you think this price is gonna two X in the next 30 days, are you really about to like buy that next?

[00:12:07] You know, G maybe not probably waiting. So, um, a cooling effect, maybe we'll talk about volume prices in a bit. Anything else on the. On the radar for you thinking about the, the merge of.

[00:12:21] No. I mean, I think it's, I mean, you're spot on just saying that, you know, the price movement E is not good for, for NFTs. Um, you know, we'll get into some of this a bit more. I think, um, we're talking about the project MarketCast but you know, we, we definitely have seen, um, maybe some, not as many transactions as, as maybe, or not as much volume as we, uh, maybe would like in the NFT area, but.

[00:12:46] You know, hopefully once the price settles down a bit, we will see that pick back up again. Awesome. Well, we don't have a specific affordable project unless you're gonna surprise me with something. So I thought maybe we'd take a quick look at what is on what is on your shopping list or at the very least, what have you picked up in the last week or so that you haven't talked about?

[00:13:07] Yeah, that's a good question. I've, you know, I've been putting some bids out there. Um, you know, I was looking at some of the, uh, Um, the col de decentralized, you know, put some bids haven't had any of those hit yet, but notice some people getting those at you already have one though, right? You're trying to, you're trying to gobble up with, I don't, I don't have one at this point, actually.

[00:13:25] No, I sold both of those. So we both, when people were accumulating them in order to, uh, try to get the ascended version. Um, so that's now done. That's where you needed. I think five of them. Um, so they're, they were butt up. It's gotten a little softer there. Uh, haven't had those come through, but I've been putting offers in.

[00:13:41] Few different places. How about you? Have you had anything hit? Yeah, a little bit. I landed, my I've been talking about it. AARs, you know, putting my E through my mouth is because I, it hit below my threshold and I am gonna pat myself on the back. Cause I weighted, unlike in the past I showed a touch of discipline.

[00:14:00] So I weighted it down from when I was hovering around 0.7, five to 0.5. And I, you know, one of my bids was accepted. Arguably, maybe I could have picked it up for 0.4, five, and now who knows if it drops further. It hit to this price. Um, it's fun to be in that, you know, sort of community. I think it's, uh, as I mentioned before, has a lot of upside in mic Johnson as somebody's gonna continue to hustle, it seems so I'm still digging in and like, you know, as excited as he can be to join another, another project.

[00:14:28] Yeah. I mean, it there's, there's a lot of listings out there right now. We've definitely seen, um, I, I mean it, in a lot of the projects that I'm looking at, we, I'm seeing more listings. I think, you know, that does the price movement recently has got some people thinking maybe I'd like to, uh, to, to cash in some NFPS for E um, you know, I, I, I'm not terribly concerned about, um, Some of the E or NFT prices coming down.

[00:14:52] Um, in my opinion, you know, these are things that sort of stable, you know, they, they do tend to benefit from stability. So, um, you know, looking at, you know, definitely looking at making offers different places and seeing if there are people willing to let things go relatively cheaply. Um, but yeah, I don't know if it's actually.

[00:15:11] The only, uh, the only I can think that I picked up recently was, um, was the ledger market pass, but I've actually sold that since. Um, so that was the ledger. Um, as in the hardware wallet, they have a marketplace coming out. The, the, the ledger pass itself will give you access to some of the new drops. It wasn't particularly, um, Uh, it wasn't overly interesting to me to keep, uh, going with some other new projects, um, that, you know, it was one that I, uh, that I held for for a week or so there, um, you know, not a long term hold though.

[00:15:48] I picked up I Adam pass. So I, I submitted to this. This is, um, A creator community where they're talking about collectively creating. And this is part of Adam verse.com. I'll include that in the show notes and it it's super cool. Actually, it's all about sort of a bunch of creators that have different skills, abilities from like writing animation marketing.

[00:16:15] And they're all sort of like, I mean, we're collaborating on like what will be created and the ideas that, you know, uh, there will be a, a creative output. And then ideally the, any proceeds that happen would, uh, potentially get divided among it. But it's, it's, it's super interesting because it's, um, you know, trying to, you know, connect, uh, writers and creators in the same, uh, in the same game.

[00:16:38] So. Um, it's not really something that's traded. There's like, there's no volume cuz they don't really allow trading to happen. So it's really just about the, the, the membership, uh, component. And it's one of the more interesting gals. I I'd say I'm a part of cool that's one that I had not heard of yet.

[00:16:55] George. Oh, look at me. Look at me, Sean. Yes. There's no trading volume. So you know, you're do, you're doing it ESP. If you're a creator. Or interested in that game, like I would say that's, um, it's, it's a fun one to check out. Um, I should note that I I've noticed little nouns have come way down in price. I don't know how those will, uh, you know, how those will fare, but I do see that there are still, you'll still see some good nouns, um, get picked up on secondary for, for over 0.3, even over 0.4 at times.

[00:17:27] Um, so I actually think that's a, not a bad one to, to keep an eye on, um, at least trying to maybe. Maybe snipe a, an auction. If you could see a particularly good one, there's still, uh, some PO some opportunity there to, to resell as well. Now, you know, I'm a, I'm all in on little nouns. I was able to snag a, a top 100.

[00:17:46] So just to put a finer point on it, like I will constantly be looking at, uh, definitely not the floor, because if you wanna get in there and bid it's like, go for it and try to like snag one. That looks cooler. It looks interesting. Um, because there's only four out 4,600 out there and there's 1700 owners.

[00:18:05] Um, and there's, you know, in terms of volume in a given day, uh, around call it 2020 items changing hands. But what you can do is actually go with, um, uh, oldest. So you do instead of price, like low to high by default, you do just like oldest and then you hit buy now. And this is kind of how I filter through.

[00:18:26] And then like, I'll do a. Look and be like, oh, interesting. Is there anything that is in the top 100 for, for sale even, and, and right now there's only like three of them available there. So every now and then someone gets desperate and just posts something. Even, I'd say maybe the top 1000 might have some cache, but uh, I'll I'll say Andrews, talk me outta that.

[00:18:52] Yeah. I mean it you're right though. I mean, if you're looking at the top, let's see top thousand, it looks like you're still gonna be at a minimum of. Wait, well 0.4, 2, 5, 5. I see a 0.4, five, five. Yeah. And there's number 9 56. That 0.4, 2 6, 9. Um, actually that one looks like it just sold and was re-listed um, interestingly enough, it was, uh, it was sold about 45 minutes ago for just 0.19 and then someone immediately re-listed.

[00:19:23] So, you know, someone does someone's following your logic. There should be more value to you in the top thousand. You're definitely a good place holding that, that top 100 though. I, I should have some you then I hope that, uh, you know, some of our listeners did . I was, I think I did a decent job shouting that out, but I will say in everyone's defense, I was real depressed because that same day, like Ethereum had taken a 50% ax.

[00:19:45] And I think in like, Like three hours or something. It was like, it was so dark when I was there being like, uh, fine, I'll do this, but that, yeah, that's, that's one to take a look at. And again, I like that because of the way that Dow is structured, right? Follow the money, the money, every 10th, one of these things is going into its own backyard and there is definitely money there.

[00:20:08] And, you know, if you, if you think nouns are doing well, then little nouns are like a slice of that. So I dunno, I like it. It's on my, my list. I'll put that filter by the way in, um, in show notes.

[00:20:20] I mean, the other things in my wallet is like, I bred another horse because I'm real excited about the upcoming, uh, upcoming changes Zed has, uh, going on in there. Um, like I need another, I think I just need a hundred horses. I just, I need to hit that. That milestone. Absolutely. I mean, I it's it's I've I've come rather disappointed.

[00:20:37] You don't have that many yet. You gotta get to a hundred. I mean, Andrew, there's a filter. There's a constant filter to say like, do you have over under a hundred horses? And I'm like, you, like, I should . I mean, yeah, you, you should have, well over a hundred at this point. Let's uh, let's encourage George second wallet.

[00:20:54] Actually, I might, I have to go check my second wallet. Oh God. I gotta go. Oh boy.

[00:20:58] All right. I feel like, um, is there anything else on the, uh, the affordable shopping list right now? No, I think that's, I think that covers it, you know, making bids and, and seeing what hits, but, you know, be, be patient. You can, you can get some people, uh, maybe a little desperate to, uh, to, to get E right now.

[00:21:17] Agreed. Um, so I definitely picked up the, uh, the play, the pray station, um, after our pod, uh, I picked. That one. Oh, all right. The, from Joshua Davis. Yes. The art blocks one. I like that. Yeah. I think if you're collecting art blocks, you know, there's, there's definitely a decent backstop on that. And that floor is at point 11 right now.

[00:21:39] All right. Onto the theme. So we are talking basically about market cap, so NFT price.com. And, you know, they're, you know, everyone's got their, their sort of hook on it, but it is a data aggregator price, price, floor tracker, and then it just does the fun thing of saying, well, what if we multiply, um, the total amount of the value of price floor versus the collection size.

[00:22:06] And that's how you end up with like a market cap of 1.4 billion for board ape, right? Or, uh, crypto punk set 1.3, uh, 1.3 billion. So it is this idea of saying. There is an inherent value and it's at the floor. If everything's sold for the floor, this is what it would be. Um, I think it's also interested. They show listed slash supply ratio and you just sort of have like a, a scarcity element there, uh, as well.

[00:22:32] Um, which, which is curious, I dunno, what do you see in when you look at a, a market cap, anything of use. Um, you know, I think one, one of the good things with market cap is that it gives you a way to compare floor prices or more than just floor prices, but compare collections beyond floor prices and account for the fact that many of these projects have different numbers of pieces.

[00:22:54] You know, we do see 10,000 often, but obviously we see, you know, 5,000, you see 20,000 see very different numbers. And there, you know, that's a lot more holders, a lot more people that need to hold onto those, or, you know, you continue buying. Um, and you know that we're, we get these market caps and it's, you know, I, I think one thing to keep in mind is that's a pretty.

[00:23:17] And it's, it's always optimistic because it's assuming there is liquidity at that floor price. And, you know, we, I, we know that once somebody starts selling that floor price is going to move. And if there's a lot of sellers, we, we generally know which direction that's going to go and that's gonna be down.

[00:23:36] Um, so I think it is, it's good to keep in mind that these. These floor cap or sorry, these, uh, um, these market caps. There's, there's not a lot of liquidity generally speaking behind these projects. Exactly. So the liquidity question is like, could all of that technically be sold. So if you were, you know, nine, 9000th person selling, like no one would be on the other side of that buying.

[00:24:02] So I think it is a bit of. I don't know, mid bit of misleading data to assume that like, oh, we could immediately get all that money for our place. You need that many buyers on the other side. Uh, for, for doing that. Um, I also like to just sort of like the quick number, so example, like I know you're a rug radio holder for, for instance, um, we've talked about it, but the rug, radio Genesis NFT, you know, there, there's only 1.2%, um, sellers on that.

[00:24:30] So like most of the folks are actually staking that. Right. And so you're like, oh, interesting. Um, it's kind of just like a different look at what, um, A thin floor might be, um, the floor on that by the way is like, I think it's like 0.2. It's in the background of my mind of like, eh, maybe I'll put that on my list.

[00:24:47] Yeah, I, I do like looking at the number or the percent listed, I guess that's even even more indicat than, than the number of listings. Um, you know, one thing that I think we need to keep in mind is this is generally open sea. And as, as far as listings go, and, you know, as we see more and more markets or marketplaces proliferate, and, you know, we see, you know, X two Y, two, and genie and, and looks rare and.

[00:25:12] I'll take little bits. We're not always getting a complete picture of how many are really for sale. When we look at these, I think it's a great metric overall. Keep in mind, some projects in particular may be more active on other marketplaces. So, you know, there's look around a bit when, when doing these, when you're doing your, uh, research, you know, I've definitely started noticing that you need to really check more marketplaces now because, uh, you know, open sea doesn't have as much of a stronghold.

[00:25:41] And I think that's probably going to continue. I think, you know, some of these aggregators, these data, um, aggregators they're. Right now they're not taking listings from all of the, the various marketplaces. Um, for the most part listings are off chain. So that would be using, um, you actually need to use APIs generally speaking, to get the listings, um, from the other marketplaces.

[00:26:05] So, you know, I think we'll start seeing improvements there, but, um, Definitely isn't a perfect measure. Um, I think it is, this is something that's actually included on the, uh, w gmi.io tool as well. You can see how many, um, new listings there are in a day and how many, or, you know, whether it's gone up or down.

[00:26:24] I do like looking at that gives me some idea of, you know, if it's, if people are, are. You know, getting more tempted to sell because the price has gone up or, um, you know, people are actually holding because, you know, they, they wanna hold or hold it for the long term. And aren't necessarily all that concerned with a, you know, 0.1 E increase.

[00:26:43] Um, it that's that I find actually more, I, I pay more attention to that than, than market kept generally speaking. Um, I don't know. How about you, George? Do you, do you look into those at. Um, yeah, I'm much more of a Hawk on, on the sort of volume. I wanna just wanna know how, how quickly or how FOMO a, I should be on my, my bids, uh, on whether a project is moving or not.

[00:27:07] And frankly, I'm like, I, I'm really only looking for things that are asleep. I want, I, I want something that, uh, I I think has value and is going to, to wake up later. Um, and if it's already moving, it's a signal to me is like, I missed it. I'm like, I'm fine with that. I'm good with it. Uh, the other side of it is I'm a little, you know, not too asleep.

[00:27:28] I think I was, you know, looking back, uh, a year ago, this time. Was I think more enamored with just sort of like old projects for the sake of old, like, oh my gosh. Like how old this thing is. And like it's been a year and I don't think that really has played into this market valuation at all. You know, my, my bets on like crypto bots, my bot, like my bets on chain bases simply because they were just like OG and original and, you know, have, have been in the game for a while.

[00:27:55] Like it. Uh, it doesn't seem to play in. And I think there are, it's more about utility, um, ongoing interest of the project because, you know, I'm, I'm looking at something like chain faces and I'm like, there's a low number listed, but I know that's because it's just low attention completely. I almost like it has been forgotten.

[00:28:13] Yeah. You know, I, I, I think that may be, you know, trying to look at the number that are listed in a day compared to the number of sales, um, would probably be a, you know, really helpful, uh, metric to have, you know, see how fast the, the inventory is turning over essentially. Um, Because I've definitely seen some and there are times where I just go list something and it's maybe the only one listed.

[00:28:35] And, you know, I know that it's not exactly going to move anytime soon, despite being the only one listed, um, And that is, yeah, there's a lack of attention if people aren't seeing anything happen, um, you know, open sea has made the default, uh, for new listings to just be 30 days. So, you know, there, if you're not in there and either not changing it doing longer listings, there are definitely times where there's just no action.

[00:28:59] Um, you know, and that's one where we, if you looked at how many sales per day and how many listings per day you'd have a much better, you'd have a much more accurate view of what's really happening with the collection rather than having to go look at the, the activity manual. Yeah. All right. Well, I think in a, in upcoming one, I wanna dive into some transaction actual like macro data and, and look at that.

[00:29:21] Look at some of your charts, any other, any other thoughts we had on this theme?

[00:29:25] No. I mean, I, you know, I think this is, it's a good one to keep in mind, especially for comparing different collections and also getting an idea, is this, you know, is this absurd? Is there, you know, is there really that much liquidity there? You know, if you see an absolutely massive number, you know, in the, uh, the market cap, I think that might be a good sign that it, uh, it's a little bubbly.

[00:29:44] It might be time to, to list because certainly other people will be listing as well. Yeah, you get into this sort of like we were to tie the real world price to earnings ratio and it'd be way outta whack. You'd be like, really? Yeah. Yeah. I mean, you know, it's, we're still developing some of these metrics I think.

[00:30:02] And you know, I think there's even just thinking about how, how fast the, the inventory does turn over is, is important when you're, when you're thinking about getting into these collections. Yeah, no, it's it, it could be actually a, a warning signal of saying like, well, wait a minute, this is just it's. So out of whack and sometimes to see the big number can help you realize like, wait a minute, this is, you know, you're telling me this is got the valuation of like a fortune fortune 100 company.

[00:30:27] And you're like, it doesn't like this, this asset simply doesn't have that. Yeah. I mean, it's, you know, it's hard to say that many of these , that aren't seeing a whole lot of, uh, revenue, um, beyond, you know, a small percentage of, of what's traded each day. Um, it's hard to imagine that that a lot of these can sustain some of these just massive market market caps.

[00:30:50] I don't know, crypto Dick butts might make it. You know, I think that deserves it's it's market cap. Well, I'm give you crypto. Oh, here's here. all right, Andrew, you gotta guess as we sign off, what do you think in, in dollars the, uh, the market cap for crypto Dick butts is. Uh, let's see. I think it's well, there's about 7,000.

[00:31:12] I believe there's 69 69. And it's three E or so. So we've got 21,000 E nine. So what do we have? 400 and something, 440 million or something? Well, you're off, you're off by a zero. It's like 30. Am I off by a zero? Oh, five zero. Okay. I added one. All right. Sorry. I mean, you could, if I had said doodles, you were you were, well, I mean, I knew was gonna be something absurd, but you know, I don't know the Dick, but what has been interesting and kind of expected that with a pump a while ago?

[00:31:46] It has now it's, uh, man, that's that's that's the CCO one, right? CCO summer, apparently. Yeah. Oh, that's a good topic for us. What happens when you know, you get CC'd like all the moon birds people did. Um, we had that in the news article, not too long ago. That was unfortunate for them. Well, legally, man, what you own is not yours anymore.

[00:32:07] Sorry. Yeah, that's an interesting one, especially because that was advertised as, uh, being part of the project that you own the IP so interesting that you never owned the IP because if you did, they wouldn't have been able to change it like that. Learn as you go. All right. Good talk. See you out there. All right, George.

• Front pages are for marketing, not insiders

• Often there because volume/price has already surged

• After getting on the front page, the next step is moving off the front page

• Great projects don’t need broad billboards

• Affordable project: Probably Nothing Genesis - Collection | OpenSea 

• NFT News
  • Damien Hirst’s ‘The Currency’ Was a Referendum on NFTs Vs. Traditional Art. The Result? A Resounding Preference for Traditional Art | Artnet News 
  • CryptoPunk Ethereum NFT Sales Jump 248% After Tiffany Launch - Decrypt
  • Gucci Goes APE: Luxury Brand Adds Bored Ape Yacht Club Token as Payment Option - Decrypt
  • a16z Leads VeeFriends' $50 Million Seed Funding Round 
  • Monthly Active Traders Rising  
  • NFT Collections Celebrating Nelson Mandela’s Legacy Debut on Probably Nothing and Vault by CNN 
  • ZED Run lending! 
  • https://cryptobriefing.com/190m-stolen-from-nomad-bridge-frenzied-free-for-all-hack/ 

• When accounts report scams/thefts, all NFTs once held are restricted on OpenSea
• In many cases, restrictions put on after resale to unaware collector 
• Other platforms (x2y2, looksrare, archipelago.art, rarible, NFTX) may be used to sell NFT, generally at a lower value
• Many platforms now indicate if the asset is restricted on OpenSea
• What alternatives exist?
  • No restrictions
  • Offer ways to remove restrictions
  • Refunds for affected collectors

• Affordable project: Right Click Share by XCOPY and Deca - Collection | OpenSea 

• NFT News
  • Solana Unicorn Magic Eden Expands NFT Marketplace to Ethereum - Decrypt 
  • NFTs.com domain sells for whopping $15 million 
  • Moonbirds Just Made All Their NFTs Public Domain 
  • Pearson Plans To Sell Digital Textbooks as NFTs 
  • Instagram Expands NFT Feature to Creators Worldwide 
  • Mark Zuckerberg is minting an NFT of his Little League baseball card for some reason - The Verge 

https://web.archive.org/web/20210713010448/https://cryptoslam.io/ 

What was hot, what dropped off, what does that tell us about what is hot now?

• Affordable project: 

• fxhash — Concrete 

• https://objkt.com/profile/andreasrau/activity 

• NFT News
  • Moonbirds' Oddities Revealed 
  • Jason Bailey Shares Exclusive Insights About His Cutting-Edge Project ClubNFT 
  • Countdown to Trevor Jones' CryptoArt Event at Stirling Castle   
  • Microsoft’s Minecraft to Ban NFTs on Game Servers, Derivative NFT Projects
  • San Diego Comic-Con Refused NFT-Related Programming This Year
  • Company that helps gamers pay bills in Smooth Love Potion raises $13 million 

• What are the implications for NFTs?
• NFT’s not ruining the environment??? 

• Affordable project: Organized Disruption by Joshua Davis / PrayStation

• NFT News
  • NFL Expands Ticket Stub NFTs to Over 100 Games for 2022 Season - Decrypt
  • Ethereum Devs Pencil In September Date For Merge - Decrypt  
  • OpenSea to Lay Off 20% of Employees - WSJ

NFTs Trading Volume Between May and June Fell 74%: The Block | Blockchain News 

Mostly Stable got his hands on access to Dalle2 by openai and this is what he learned…

What does this mean for NFTs

How good is it? Check out discord for images: https://discord.gg/fyX4YB9t2Z 

• Affordable project: Kumite

• NFT News
  • WZRDS Project Punishes Flippers By Burning Listed NFTS - The Defiant 
  • DeepNFTValue raises $4 million to expand beyond pricing CryptoPunks 
  • Snapchat Wants to Turn Your NFTs Into Filters 
  • Disney Chooses Polygon (MATIC) To Participate in its Accelerator Program Focusing on NFTs, AI and AR - Ethereum World News 

Theme: Metaverse Onboarding

• How will next wave of users enter the “metaverse”

• NFTs role in the metaverse

• Will 3D virtual worlds remain as primary definition of metaverse?

• Tony Hawk Announces Metaverse Skatepark In The Sandbox 

• https://trends.google.com/trends/explore?geo=US&q=nft,crypto,bitcoin 

• Affordable project: Coldie Wearables on Genies (mints 7/15, 11am PT) 

• Coldie links: https://linktr.ee/coldie3d 

• NFT News
  • GameStop NFT Marketplace Already Beating Coinbase In Sales Volume 
  • 'Stolen' Bored Ape and Mutant Ape Ethereum NFTs Now Total Over $18.5M - Decrypt 
  • Revuto Revulution NFTs: Get Lifetime Netflix & Spotify Subscriptions! 
  • Senators Ask USPTO and US Copyright Office to Conduct NFT Study, with a Focus on IP Issues 

“

From MilkRoad

The NFT market has seen some serious ups and downs.

DEXterlab, a digital asset discovery platform, recently polled its Twitter followers on why those who bought NFTs participated in such a volatile market.

Some bought NFTs to collect digital art, while others did it for various perks. NFTs with benefits (AKA “utility NFTs”) can score you:

• Access to communities with virtual and IRL meetups, like Gary Vee’s VeeFriends
• Access to games. For example, Axie Infinity players must buy three Axie NFTs to start
• Real-life perks. Crypto Baristas is a coffee project that promises its NFT holders discounts at future cafes

But 64%, an overwhelming majority…

• Affordable project: Memories of a masterpiece by Amber Vittoria 

• NFT News
  • Bitmark Raises $5.6M, Launches Interoperable NFT Wallet 
  • OpenSea co-founder Alex Atallah to leave company, remain on board 
  • How a fake job offer took down the world's most popular crypto game 
  • How Solana, Polygon and HTC’s New Crypto Phones Compare - Decrypt

1. Don’t bet what you can’t afford. Make small bets!
2. Buy two wen possible
3. Avoid anon teams - know the team
4. Don’t time the top, shoulders and knees are fine.
5. Decide if the asset is a HODL or a FFDL ahead of time
6. Most wallets are losing money flipping NFTs
7. Understand and define the utility
8. Know where you are in the FOMO cycle

Affordable project: https://app.ens.domains/

• Company names, Celebrity names, Character combos, marketing slogans, startup ideas

• NFT News
  • Reddit is launching a new NFT avatar marketplace | TechCrunch 
  • Ethereum Merge Moves One Step Closer Following Sepolia Trial Run - Decrypt 
  • No bids on Chevy's first NFT, even though it came with a free Corvette Z06 - The Verge
  • Why Ethereum Scaler Arbitrum Hit Pause on Odyssey NFT Campaign - Decrypt  

• Some NFTs include physical goods (prints, shirts, soccer jerseys, etc)
• Do these add value? 

• Affordable project: WAGMI United - https://wagmiunited.com/  From Cryptathon:”The utility will be - a free jersey, a headband, a hat, free access to team training sessions, voting on team affairs eg. What positions to sign new players and even promised a vote to replace the directors if the team have not achieved promotion within 2 years. Would be funny if someone within the DAO ends up taking control of the club! Getting promoted in the english leagues is not easy to give themselves a 2 year timeline is very ambitious”

• NFT News
  • Zed Run Goes for Gold with Acquisition and Imminent Token Launch
  • Ethereum Name Service domain bought for $315,000 in second-biggest ever sale  
  • Study Shows Singapore Leads in NFT Searches Worldwide, Researchers Say 'Poland Is the Most Anti-NFT Country' – Bitcoin News
  • Fire Sale Imminent? Three Arrows Capital Has $7.5 Million in NFTs  

• Some assert there are hidden forces working together in NFT market
• Few projects take off, most never make it. Are those collections “chosen” by a few?
• Are the outcomes natural & market-determined - or results of collusion?

• Affordable project: 

• https://objkt.com/profile/maxwellinked/created

• https://superrare.com/maxwellinked 

• NFT News
  • Important Update on Email Vendor Security Incident - OpenSea Blog  
  • Conditional Listing | LooksRare Docs 
  • Moonrunners NFT: What is it All About? 
  • WZRDS NFT Project Overview. The next cant miss project? | NFT CULTURE | NFTs & Crypto Art | Interviews and more