Transcript of NFT Morning Show
August 24th, 2022

Speakers & Hosts
- host   num - times spoken; click to jump to speaker
  •  
  • piovincenzo_06:00:34 AM

    It's so good.

    piovincenzo_
  • piovincenzo_06:00:41 AM

    Love is somebody Somebody Loves You back.

    piovincenzo_
  • piovincenzo_06:00:44 AM

    Too big?

    piovincenzo_
  • piovincenzo_06:00:49 AM

    And be loved in return.

    piovincenzo_
  • piovincenzo_06:00:52 AM

    That my heart desire.

    piovincenzo_
  • piovincenzo_06:00:55 AM

    Appreciate.

    piovincenzo_
  • piovincenzo_06:01:03 AM

    Little things I do for you. You're the one who's got me inspired. People listen live to me.

    piovincenzo_
  • piovincenzo_06:01:09 AM

    And Somebody Loves You back.

    piovincenzo_
  • piovincenzo_06:01:13 AM

    It's so.

    piovincenzo_
  • piovincenzo_06:01:20 AM

    Somebody and somebody.

    piovincenzo_
  • piovincenzo_06:01:28 AM

    We can build world of love, a life of joy.

    piovincenzo_
  • piovincenzo_06:01:30 AM

    That golden charge? Happy ending.

    piovincenzo_
  • piovincenzo_06:01:34 AM

    Almost 2 for you.

    piovincenzo_
  • piovincenzo_06:01:37 AM

    Everything that I can.

    piovincenzo_
  • piovincenzo_06:01:40 AM

    Today I wanna do a little more.

    piovincenzo_
  • piovincenzo_06:01:45 AM

    Oh God.

    piovincenzo_
  • piovincenzo_06:01:51 AM

    Love is somebody and Somebody Loves You back, and that's a fact.

    piovincenzo_
  • piovincenzo_06:01:59 AM

    What if somebody and somebody wants him back?

    piovincenzo_
  • piovincenzo_06:02:28 AM

    It's through all that thing that.

    piovincenzo_
  • piovincenzo_06:02:36 AM

    Little things I do.

    piovincenzo_
  • piovincenzo_06:02:40 AM

    Got me inspired people on lifting.

    piovincenzo_
  • piovincenzo_06:02:43 AM

    So.

    piovincenzo_
  • piovincenzo_06:02:50 AM

    Fucking somebody and Somebody Loves You back. And that's a fact.

    piovincenzo_
  • piovincenzo_06:02:57 AM

    If somebody.

    piovincenzo_
  • piovincenzo_06:03:04 AM

    Let's see.

    piovincenzo_
  • piovincenzo_06:03:07 AM

    Now 64.

    piovincenzo_
  • piovincenzo_06:03:19 AM

    Good.

    piovincenzo_
  • piovincenzo_06:03:24 AM

    Somebody got your back, yeah?

    piovincenzo_
  • piovincenzo_06:03:32 AM

    Not 64.

    piovincenzo_
  • piovincenzo_06:03:38 AM

    It's so.

    piovincenzo_
  • piovincenzo_06:03:44 AM

    Somebody somebody helps you.

    piovincenzo_
  • piovincenzo_06:03:49 AM

    It's so good.

    piovincenzo_
  • piovincenzo_06:04:01 AM

    I'm so glad that that she.

    piovincenzo_
  • piovincenzo_06:04:06 AM

    I've experienced over and over again where?

    piovincenzo_
  • piovincenzo_06:04:12 AM

    80% she's given 20%.

    piovincenzo_
  • piovincenzo_06:04:17 AM

    But she's given 70% not given 30.

    piovincenzo_
  • piovincenzo_06:04:25 AM

    But you just don't know how it feels to have somebody that you can share your whole life.

    piovincenzo_
  • piovincenzo_06:04:34 AM

    Somebody you don't mind talking to somebody that you don't mind going down the middle of the road.

    piovincenzo_
  • piovincenzo_06:04:43 AM

    I know a lot of guys today, they wish they had somebody just like you.

    piovincenzo_
  • piovincenzo_06:04:51 AM

    I don't know when the last topic I told you, but girl, you make me so very happy.

    piovincenzo_
  • piovincenzo_06:04:59 AM

    I think we've got something that a lot of people don't seem to have.

    piovincenzo_
  • piovincenzo_06:05:03 AM

    Talk about a 5050.

    piovincenzo_
  • piovincenzo_06:05:17 AM

    Just wanted you to be proud of me.

    piovincenzo_
  • piovincenzo_06:05:23 AM

    You told me you was down for me.

    piovincenzo_
  • piovincenzo_06:05:27 AM

    I just wanted you to be proud of me.

    piovincenzo_
  • piovincenzo_06:05:30 AM

    Yeah.

    piovincenzo_
  • piovincenzo_06:05:59 AM

    Why these letters always looking for me? The thong song. Why people keep thinking that I own something? Why keep looking for a handout? What name do nothing that helped this shit pan out? I was just like you. I was hurting. Only thing I did differently was put the words in my brand. I don't know why you feeling so excited when I ain't had no money to eat I couldn't find where was you ain't well when they always remind you mad because you asked for a favor and not decline.

    piovincenzo_
  • piovincenzo_06:06:17 AM

    You ain't dial my number in weeks everybody's food I gotta eat, gotta eat when the last time you called to see if good if Nicks 8 that's fake love shit I hate that kind of shit I can't relate. All you do is take I thought you wanted me to be great I thought she was proud of me.

    piovincenzo_
  • piovincenzo_06:06:19 AM

    Watch this.

    piovincenzo_
  • piovincenzo_06:06:22 AM

    I just wanted you to be proud of me.

    piovincenzo_
  • piovincenzo_06:06:28 AM

    You told me you were down for me.

    piovincenzo_
  • piovincenzo_06:06:33 AM

    I just wanted you to be proud of me.

    piovincenzo_
  • piovincenzo_06:06:37 AM

    I just wanted you to be proud.

    piovincenzo_
  • piovincenzo_06:07:09 AM

    And deep down, I know you care for me. I know you. But mentally, I needed you there for me. You ain't got that much love for me. Apparently. You talk down on me in front of my son and embarrass me. Yeah, I still remember what you said. You were over 30. All that rapping shit is dead. You need to go and find you the job and get you some bread and you're tired of being broke and sleeping. That dread that shit stung me. I learned to get to my head, wanted to quit rapping, but I went harder instead.

    piovincenzo_
  • piovincenzo_06:07:23 AM

    Who was wearing bottoms for your piece to make sure you were good friends, left racks on the same back, but all the times I wasn't able ain't throwing it in your face and trying to play you cause. Truth be told, you probably did more for me. I could never repay you, but I thought she was proud of me.

    piovincenzo_
  • piovincenzo_06:07:27 AM

    I just wanted you to be proud of me.

    piovincenzo_
  • piovincenzo_06:07:30 AM

    Forget that.

    piovincenzo_
  • piovincenzo_06:07:33 AM

    Told me you were down for me.

    piovincenzo_
  • piovincenzo_06:07:37 AM

    I just wanted you to be child.

    piovincenzo_
  • piovincenzo_06:07:42 AM

    I just wanted you to be proud to be proud of.

    piovincenzo_
  • piovincenzo_06:07:48 AM

    You know this is for you. This is for y'all.

    piovincenzo_
  • piovincenzo_06:08:22 AM

    Good morning, ladies and gentlemen. It is Wednesday, August 24th and you have tuned into the NFT morning show. We do this show Monday through Friday, 9:00 AM to 10:30 AM Eastern Time each and every week where we talk all things. NFT market, we talk about what projects are making it work, what projects are putting in work and what projects are just going the other way. If you want to talk about the market, if you have thoughts, if you have.

    piovincenzo_
  • piovincenzo_06:08:52 AM

    Discussion that you'd like to contribute request to speak come to the stage. No self promotion, but we definitely want more voices. More market participants discussing what their thoughts are on the market. I'm PO here with my co-host nifty Nick signal who writes one of the most bad ass newsletters in the NFT space. She's one of our weather reporters. You got to follow. Signal King kicks the CEO of Crypto Game Crypto Raiders and the guy that made the most money in the bull market that didn't tra

    piovincenzo_
  • piovincenzo_06:09:22 AM

    That didn't make money off of board apes easy. One of the most technical, if not the most technical traders are rising star in Solana and the NFT space in general. And then of course Depeche node. The host of the Node Mode podcast, the actual sophisticated art speculator and Spencer, who's going to have some juicy stuff to talk about? Some updates in his life that I'll let him talk about when the time is right. But you know, he's going to be around for a while. We got a lot to talk about today.

    piovincenzo_
  • piovincenzo_06:09:53 AM

    And we're gonna dive in to all the stories of the space but before. Oh, and of course, all of our content is sponsored by FTX. Can't forget that you can sign up at the nifty.com/FTX or with the code the nifty on your FTX mobile app. If you spend over $200.00 with our code at FTX on a cryptocurrency of your choice, not only will you be paying some of the cheapest fees in the game, you will also get $20 AirDrop to your account in that cryptocurrency, whichever one you bought. The FTX has also adde

    piovincenzo_
  • piovincenzo_06:10:24 AM

    Stock trading as well without payment for order flow. So basically FTX is on a come up. I believe we talked about it in yesterday's weather report that they're now officially a the number 3, excuse me the number 3A top three global cryptocurrency after the two big names that you guys probably already know. So shout out to FTX on the come up, not going to stop. Appreciate them sponsoring the show. Before I go any further, I'll throw to my wonderful co-host, my partner in crime.

    piovincenzo_
  • piovincenzo_06:10:35 AM

    Cofounder of the Nifty the absolute badass, a guy that owns both the board ape and the crypto punk. What more do you say about this guy? Nifty nick. How are you?

    piovincenzo_
  • speculatorart06:10:42 AM

    Oh my God.

    speculatorart
  • allnick06:10:41 AM

    Well, it's been. I made it through yesterday. It was a sad day.

    allnick
  • allnick06:10:47 AM

    He's he's he's he's.

    allnick
  • piovincenzo_06:10:48 AM

    I feel like when I throw the nick in the morning now, it's like he's grieving.

    piovincenzo_
  • allnick06:11:19 AM

    Well, it was, it was a day of. Yeah, it was a day of grieving. Yeah. I mean, I had to take the day off because of the of the death of my twin orchids. It was, you know, it just really absorbed most of the day. I I showed up to meetings sort of late and not enthusiastic. And yeah, I mean, I feel like it's just it's all over. It's a sign of things to come, Pio, you know, it's just a sign of things to come. I was kidding. I'm going to buy a new orchid.

    allnick
  • piovincenzo_06:11:23 AM

    Is that a good idea though?

    piovincenzo_
  • allnick06:11:24 AM

    And I'm gonna make it through, OK. So we're it's it's it's just a plant.

    allnick
  • piovincenzo_06:11:43 AM

    I right, but I don't like killing plants either. My thing is like I only buy the plants that you gotta. I was talking about this yesterday. You only got to water the plants that I have like literally once every two weeks. Like if you kill one of the plants that I have then you really like you. You don't deserve to have plants but yeah I saw you have some of the same ones and they're looking really good. Don't you just want to double down on the ones?

    piovincenzo_
  • allnick06:11:47 AM

    You got, you gotta learn through practice man, you gotta practice makes perfect.

    allnick
  • piovincenzo_06:11:56 AM

    Alright, so we're doubling down on the orchids. Fair enough. OK, well, regardless, I'm excited.

    piovincenzo_
  • allnick06:11:58 AM

    Because there's nothing else going on. Literally. There's nothing else happening.

    allnick
  • allnick06:12:22 AM

    Ohh, it's pudgy Penguins up. Ohh wow. Lots of people buying pudgy Penguins. Some random dude buy buy one for 408th and suddenly we're all just like that up. Dudes are fucking back up, yeah, yeah, we're back into pump season. Just kidding. Just kidding. The four prices down.

    allnick
  • allnick06:12:40 AM

    Since then, it went from 4 ETH down to or 3.19. It's just gonna keep creeping down after this. Like temporary pump where we got kaleo doing technical analysis saying that this thing's like like, we're now charting NFT. That's how dark things have gotten.

    allnick
  • allnick06:12:59 AM

    But I can tell you what it's going to look like if you just took a ski slope starting at the top and then just draw your way down. That's where it goes. And there's no, there's no ski lift on this mountain. It's just going straight down. So I don't mean that just for pudgy Penguins. I just mean that in general.

    allnick
  • allnick06:13:08 AM

    I'd like to pick, pick up a pudgy again at some point, but, uh, you know, it's what. What's changed fundamentally.

    allnick
  • speculatorart06:13:08 AM

    You have a piggy at one point in time.

    speculatorart
  • allnick06:13:09 AM

    That.

    allnick
  • speculatorart06:13:11 AM

    Used to have a pudgy.

    speculatorart
  • allnick06:13:15 AM

    No, and I I I was looking at them at .85 and I'm a little.

    allnick
  • piovincenzo_06:13:38 AM

    Ohhh.

    piovincenzo_
  • allnick06:13:47 AM

    Frustrated? I didn't get it, but what has changed? We now have little pudgies, so we introduced more NFTS and and we have a pump. I I just don't. I don't get it. I mean, they're they're cute, they're cute Penguins. But it's not like I see a bunch of people walking around just repping the pudgy Penguins. And in fact, what happened to that community that was just trolling everybody all optimistic about pudgy Penguins like last year and then suddenly like the floor?

    allnick
  • allnick06:14:02 AM

    Went down and they were silent so they were gone like they they were just like man. These NFL teams are worthless like they're just not going anywhere like it was the same people that were like pudgy Penguins are. The future are now are now like you know.

    allnick
  • speculatorart06:14:04 AM

    Well hey, they may have been right, but just early. You know what I mean?

    speculatorart
  • allnick06:14:09 AM

    Ohh and I have him even more bearish news someone DM me that said little pudgies aren't even new.

    allnick
  • allnick06:14:16 AM

    Old team that Luca had to work with. OK, so so that's not even new.

    allnick
  • speculatorart06:14:32 AM

    I love how you have been around for a while. The innovate like the reason why it's pumping everything like that is because this Luka guys actually trying to operate pudgy ping wins like a business and not a personal Piggy Bank like the previous owners were using it for.

    speculatorart
  • allnick06:14:33 AM

    Is he?

    allnick
  • piovincenzo_06:14:35 AM

    Yeah, yeah, so like.

    piovincenzo_
  • speculatorart06:14:45 AM

    Yeah, I mean like he just got like, uh, just like created a board that has like the CEO of Nanson who is a major pudgy Penguins maxi. It's his profile pic.

    speculatorart
  • speculatorart06:14:53 AM

    Uh, someone from Saks 5th Ave, someone at partnerships at Meta? We talked about this. It was a pretty big deal.

    speculatorart
  • piovincenzo_06:15:07 AM

    Yeah, and and you'd actually what I'll say Nick is. You'd actually like this this Luca guy the the founder. I actually think he listens to the show, you know, shot and this isn't like sponsored. We're just like talking about this. He dropped out of high school at 16.

    piovincenzo_
  • allnick06:15:08 AM

    And then became an info marketer.

    allnick
  • piovincenzo_06:15:39 AM

    Well, he no. He at 16 he was living in LA and he dropped out of high school because he was interested in business. That this is when he was recounting his his life. So if I get something wrong, you know, forgive me. But he said that he dropped out of high school at 16 because his family didn't come from money and he didn't see like he didn't see it being realistic for him to go into debt to go to Business School. So like a very sober and realistic take on that and he ended up making like a littl

    piovincenzo_
  • piovincenzo_06:15:53 AM

    In Santa Monica, which used to live in California, I know you lived in Norcal. I lived in LA and I worked in the tech scene for a period of time there and Santa Monica. They called it silicon silicon beach, right? That was what they were calling it right? Because all the tech companies were in Santa Monica.

    piovincenzo_
  • allnick06:15:56 AM

    Yeah, everyone had a version of Silicon Valley in their city.

    allnick
  • piovincenzo_06:16:26 AM

    Exactly. There you go. Santa Monica, the West side of LA, that's that was Silicon Beach, but, you know, specifically Santa Monica. And he went basically door to door with the tech companies at 16 years old. And he ended up personally handing his resume to the CEO of one of these tech startups. You know, not like something that became a Unicorn or actually I think it did sell for billions of dollars by the time he was 19. But anyway, he ended up just getting a job there working like packing boxes

    piovincenzo_
  • piovincenzo_06:16:36 AM

    Right now you know. So he's, uh, he's a young gun, but he's been in the game for like 8 years of just like rolling up his sleeves and working hard full time so.

    piovincenzo_
  • speculatorart06:16:36 AM

    How old was he when he dropped out of school?

    speculatorart
  • piovincenzo_06:16:38 AM

    16

    piovincenzo_
  • speculatorart06:16:42 AM

    Yeah, it's a little late. I did it when I was 12, but I mean it's alright and now everyone could be me.

    speculatorart
  • piovincenzo_06:16:44 AM

    You dropped out of 20, right?

    piovincenzo_
  • allnick06:16:55 AM

    You know he he front ran that he was like I didn't drop out of Harvard II front ran. I was way ahead of that. You know I was. I was ahead of that.

    allnick
  • speculatorart06:16:57 AM

    I dropped out of fucking elementary school, dude. I got out early, dude.

    speculatorart
  • allnick06:17:01 AM

    Yeah, I was like I knew that inevitably school wasn't for me. So so, so yeah.

    allnick
  • jesseshalfon06:17:04 AM

    Ohh, that's what that's why. You can't pronounce basic words kicks. Now it all makes sense.

    jesseshalfon
  • speculatorart06:17:10 AM

    It's a it's a different form of dyslexia. It's self-inflicted through various means.

    speculatorart
  • piovincenzo_06:17:12 AM

    Anyway.

    piovincenzo_
  • sgsand106:17:16 AM

    No, you see kicks never really learned to color inside the lines, which is why he's at moonbird's Max.

    sgsand1
  • speculatorart06:17:20 AM

    No, I actually got a C minus in 3rd grade in art class and I tried hard. It was kind of devastating.

    speculatorart
  • piovincenzo_06:17:51 AM

    Clearly you still remember, I know you got grades in 3rd grade art. That's pretty funny, but basically just to bring it back. Nick, I think you ought to pay a little bit of attention a little bit closer attention to the pudgies, although your take of oh, it's an NFT project. Oh, there was just 48 hours of hype on it. Oh, it's actually going to go down now is actually the take where if you talk to like somebody that has a background in probability, like if you talk to like an actuary or somebody,

    piovincenzo_
  • piovincenzo_06:17:58 AM

    Forecast or a mathematician forecaster? I think that most of the time they're just going to point.

    piovincenzo_
  • piovincenzo_06:18:04 AM

    But I'm saying it.

    piovincenzo_
  • piovincenzo_06:18:08 AM

    But.

    piovincenzo_
  • allnick06:18:09 AM

    But I don't think it takes that much math to to look at a chart and say that just going down an actuary would be like I'm too busy to fuck with these dumb NFT's that would basically be winning.

    allnick
  • piovincenzo_06:18:11 AM

    What if you told an actuary? I'm gonna pay you.

    piovincenzo_
  • speculatorart06:18:16 AM

    Ohh, what are you 2 fucking cool for NFT's now? You too busy? You got too many fucking meetings on the calendar.

    speculatorart
  • allnick06:18:21 AM

    I'm. I'm not an actuary, OK. So I want to be clear. I'm not the actuary on the team, alright.

    allnick
  • speculatorart06:18:23 AM

    All right.

    speculatorart
  • piovincenzo_06:18:29 AM

    There you go. I was just gonna say if you paid an actuary 2X what they pay at their insurance company job or wherever they work.

    piovincenzo_
  • allnick06:18:32 AM

    You'd be paying them $1,000,000. That's what you would be paying them, so there's no way that's fucking happening.

    allnick
  • piovincenzo_06:18:51 AM

    Anyway, I think that more often than not they would say that the NFL's are gonna go down. But hey, look, king kicks. I know you're our weather reporter today. What are you seeing out there in the skies? Are we cloudy? Are we? You know, thunderstorms. What's going on with the weather in the NFC space?

    piovincenzo_
  • speculatorart06:19:11 AM

    Yes, would love to dive in. Today is Wednesday the 24th of August. I feel like in the NIT, Nick and I are going to be dming our pudgy Penguins floor. By price I'm thinking, you know, 2.5. We may sneak in or maybe 2, but overnight open sea volume is around 15 million. Not bad, you know, not great, but not bad.

    speculatorart
  • speculatorart06:19:35 AM

    The Board API club with a little bit of a rally down from the mid 60s up to 73.70. So nice little rally up there. We got mutants holding that range around 13 1/2 a zuke's just shy of seven pudgy Penguins. Of course we talked about a little bit above 3.

    speculatorart
  • speculatorart06:19:58 AM

    Clone Axe holding in that Low 6 range doodles retook the 17th floor. Congratulations Doodles moon birds at 12.65. So we're seeing lots of ranging with a little bit of a rally from apes up and punks also staying in that mid 60 range so apes have extended their lead a little bit there.

    speculatorart
  • speculatorart06:20:29 AM

    As I said, open seas leading the ranks, mutants doing all right, but other deeds is seeing some wrapped eat offers being accepted in the 1.3 range. So if you're trying to shop down in the lower range for a little piece of the yugoslav's pie, that may be a move there over to the rumor mill Azuki's website was updated with a page called the Alley. Lots of Easter eggs, rumors and clues about a possible air drop coming to holders.

    speculatorart
  • speculatorart06:20:49 AM

    In September, Fresh wallet swept 8 of them. Zookies floor is now holding 6.7. You got to think zagga bonds, looking over at pudgy Penguins and saying, hey, what if I pretend to sell my company to my best friend and have them take over the business? Could we get a nice rally?

    speculatorart
  • speculatorart06:20:53 AM

    We'll let you know if anything like that happens the money.

    speculatorart
  • speculatorart06:21:24 AM

    He's got that luxury lifestyle brand 9 DCC men opened yesterday. The Mint for iteration Dash 01A luxurious T is unlocked by Minting 9 DCC Genesis NFT. The Mint was .3 supply of 1111 exclusive to admit 1 holders and it's trading on secondary around .55 so we're seeing G money starting to.

    speculatorart
  • speculatorart06:21:31 AM

    Activate that road map for those admit one holders. You know Nick is thinking right now, why the hell didn't I get one of those at vcom?

    speculatorart
  • speculatorart06:22:04 AM

    Umm. And then there's another project that I will butcher. It's called the philar. Seeing a slow and steady rise over the past few days. The collection is made-up of living NFT's that use oracles to respond to changes in the value of cryptocurrencies. They become happy when the currency they are linked to does well in sad or even vomit when it performs poorly. Kind of reminds me of Tamagotchis. That's pretty cool. Project has a number of whale holders and that.

    speculatorart
  • speculatorart06:22:06 AM

    Floor is at 0.35.

    speculatorart
  • speculatorart06:22:10 AM

    Last but not least.

    speculatorart
  • speculatorart06:22:25 AM

    Over in the Web 3 gaming land. We have Digi DACA Gaku genesis. Continuing to rally up to a 3.4 ETH floor that is it in the NFT space. Looking over at crypto, we're just seeing a little bit of ranging.

    speculatorart
  • speculatorart06:22:56 AM

    And ranging can be good for NFT's if we sit in this zone through the weekend, which is asking a lot because we live in a volatile world, it could set up for some nice action and NFT, but right now we've seen about four to five days of ranging Bitcoin staying in that 21,500 range. Etherium sitting around 1650 their ranging, so we're having a little party over in FT Land forecast. Looks a little bit sunny, but there's this ominous cloud.

    speculatorart
  • speculatorart06:23:09 AM

    Head, which is just like crypto, absolutely. Dumping or ripping which would hurt us. So we're hoping that cloud misses us and it stays quiet in crypto land so that we can have some fun in NFT land back to you in the studio.

    speculatorart
  • piovincenzo_06:23:38 AM

    Great weather report. As usual kicks just attack on from the nifty Daily Digest, which is the newsletter that signal writes. Five days a week you can sign up at the nifty.com and you should don't panic we we talked about this briefly on the show yesterday. Don't panic by X copy sold for 805 thousand U.S. dollars a K500 ETH. It was originally sold by X Copy for 137 U.S. dollars in March 2019. Clearly a lot can change in 3 1/2 years.

    piovincenzo_
  • piovincenzo_06:24:09 AM

    In crypto, a coin base is actually shifting its revenue model from trading fees to subscriptions after the exchange has seen a 60% drop in revenue and reported a $1.1 billion net loss. So crypto organizations may be trying to adjust to some of this volatility and figure out ways to stabilize revenues so that things aren't so up and down and then ready player me, which is a platform to build dynamic.

    piovincenzo_
  • piovincenzo_06:24:40 AM

    Cross game avatars for virtual worlds. Very much so. In line with what we've been talking about with the metaverse, I'll say that one more time. It's a platform to build Dynamic cross game avatars for virtual worlds. Raises a whopping 56 million Buckaroos in Series B led by none other than Andreessen Horowitz. The round includes the cofounder of Roblox, the cofounder of Twitch, the cofounders of King Games.

    piovincenzo_
  • piovincenzo_06:24:42 AM

    But I don't know who that what that is.

    piovincenzo_
  • speculatorart06:24:42 AM

    What's the name of this?

    speculatorart
  • piovincenzo_06:24:43 AM

    Sorry.

    piovincenzo_
  • speculatorart06:24:45 AM

    What's the name of the project, Sir?

    speculatorart
  • piovincenzo_06:25:15 AM

    It's called the ready player me. It's not a project, it's a platform to build Dynamic cross game avatars for virtual worlds. Punk 6529 is in there as well as snow fro hey Snow fro invested in the nifty, so he must know what's going on and additional names that you've probably heard from the NFT space that's in line with investment. Continuing in this metaverse NFT realm, even as the bear market goes, you know, Nick, you and I were.

    piovincenzo_
  • speculatorart06:25:19 AM

    It doesn't make any sense to me, man. I'll tell you what doesn't make any sense to me.

    speculatorart
  • piovincenzo_06:25:20 AM

    But the the platform.

    piovincenzo_
  • speculatorart06:25:24 AM

    Maybe I'm dumb, or maybe they are, but one of us is. I can guarantee that.

    speculatorart
  • piovincenzo_06:25:56 AM

    Well, you're gay, alright. Yeah, we can, we can definitely dive into that. What I was going to say is, you know, Nick, you had pointed out that chart the other day, that chart, that and you know, someone tweeted like we are here and it was basically like a rally after the first big dump. But then that rally in the market is followed by a heinous full tilt capitulation dump. And you've been talking about this for months and I'm not trying to spread doom and gloom.

    piovincenzo_
  • piovincenzo_06:25:58 AM

    Just trying to, uh.

    piovincenzo_
  • allnick06:26:01 AM

    Let's get excited. Woo.

    allnick
  • piovincenzo_06:26:05 AM

    So basically, your firm belief is that we are at this like.

    piovincenzo_
  • allnick06:26:06 AM

    Firm belief.

    allnick
  • allnick06:26:14 AM

    Well.

    allnick
  • piovincenzo_06:26:15 AM

    This local top of a rally after the dump the the initial dump, which was a sizable dump that will be followed by full tilt capitulation. Is that right?

    piovincenzo_
  • allnick06:26:23 AM

    I mean, I don't like to like predict where it's going like where it's all headed, however.

    allnick
  • allnick06:26:29 AM

    Yeah, I mean to me last time that crypto.

    allnick
  • allnick06:26:33 AM

    Dropped and capitulated.

    allnick
  • allnick06:26:39 AM

    That people just like absolutely devastated, and I feel like there's still a lot of hope.

    allnick
  • allnick06:27:10 AM

    In this space, and crypto doesn't allow for that to last indefinitely. You have to get flushed out by a significant amount. And that's where, like, we need to be at a place where people are saying, what the hell were those NFT people thinking that? At least that's my own opinion. Now, I don't want that to materialize, but that to me feels like true, true capitulation. At which point that's when you can sweep up some things.

    allnick
  • allnick06:27:29 AM

    And then just wait for a period of time. Now, are we gonna hit that? I have no idea. But I do think that that's a reasonable thing to expect because the prices that some of these FT's went to were so unreasonable and I think from that standpoint.

    allnick
  • allnick06:27:42 AM

    You have to think like, I mean. OK, but let's even take pudgy Penguins as an example. So 3.19 * 16150, so.

    allnick
  • speculatorart06:27:43 AM

    Do the math. No calculator right now.

    speculatorart
  • allnick06:28:08 AM

    Well, I'll tell you, it's 526350, and I did that in my head. And so you're paying over $5000 for the Senate team. What do you get? You get, you get some advisors, you get some, some hope that they end up making something. What can they give you that you're going to be like, oh, hell yeah, this is insane. Now, you could argue the exact same thing.

    allnick
  • allnick06:28:18 AM

    For board API club, you could argue the exact same thing for literally any NFT that you're holding. That's the problem with it. But when I look at the chart of some of these things.

    allnick
  • allnick06:28:42 AM

    It just feels like we haven't been fully devastated and I don't know. Maybe maybe I'm like just way too bearish, but it feels realistic from that standpoint that you got to have you got to drop? You got to have a rally based on that and then you then you need to hit like full bottoming out and that needs to happen over a longer period of time.

    allnick
  • allnick06:28:44 AM

    All the.

    allnick
  • speculatorart06:28:52 AM

    Yeah, I think it's definitely possible. Nick, that there's another like leg down mass capitulation ahead. I I do think that's that's possible.

    speculatorart
  • allnick06:29:00 AM

    Well, the the things that I've been reading now, obviously it makes for great content the a lot of YouTube channels have figured out.

    allnick
  • allnick06:29:32 AM

    That if you just literally write the bear perspective and do that in, you know at least semi intelligently. Then you can get a lot of viewers and subscribers, so the the content that I've been seeing surrounding this basically are the the macro stories involve the economic collapse of China resulting from their whole real estate situation over there where they were. Basically, you know, citizens were investing in property that didn't exist.

    allnick
  • allnick06:29:45 AM

    Cities that no one was living in the which is crazy. And then you have simultaneously you have the whole energy thing in Europe you have.

    allnick
  • allnick06:29:54 AM

    Well.

    allnick
  • allnick06:29:57 AM

    The.

    allnick
  • allnick06:29:59 AM

    The.

    allnick
  • speculatorart06:30:00 AM

    Maybe you need to be careful with these, these YouTube guys, because most of them make their money trying to sell you to buy gold or silver. They they'll like. They'll sell ya. By the way, I got a guy that gets a good deal on Gold, Man. Everything's going to shit here, come over here and you just.

    speculatorart
  • allnick06:30:02 AM

    So.

    allnick
  • realjonahblake06:30:03 AM

    It takes you don't follow, but you don't follow big boy for advice. I follow big boy.

    realjonahblake
  • speculatorart06:30:04 AM

    Buried in your backyard.

    speculatorart
  • allnick06:30:34 AM

    OK. But the the the one other one that stood out though was basically real estate where people were like, OK, well you need real estate to go down anyways. Do those all have an impact? I have no fucking clue. Like they're like literally like what what is the price of crypto? Like, why is it the like what? Why is it where it is just because people are willing to pay that much? But there's no like everyone talks about like fundamentals and deflationary elements of E2, basically.

    allnick
  • allnick06:31:01 AM

    And despite all that, I'm just like, yeah, it's just a floating currency. It's it's literally just the number going up and down. I love charting the technicals and taking a look at it and saying, hey, I think here's where the price is going. And just based on that I'm like, yeah, I think this should go down. And that's just based on emotion and thinking that legitimately, like, what the hell are we like, what are we trading? So I mean.

    allnick
  • speculatorart06:31:07 AM

    No, it's fine. Like I would be mad too if I didn't get a Digi after I told you to get one because it was a 3X in a week. I understand.

    speculatorart
  • piovincenzo_06:31:17 AM

    Yeah, I was going to say kick, so Speaking of that, that's been your biggest win in the past. What 45 days, maybe? Maybe 60 days, right? You you had had a couple of.

    piovincenzo_
  • speculatorart06:31:20 AM

    I I don't think it's been my best when Pi think it's been my only one.

    speculatorart
  • piovincenzo_06:31:28 AM

    There, there you go. Your only win. And so this one, it's, it's the people with super legit gaming chops that made this one right.

    piovincenzo_
  • allnick06:31:29 AM

    Ohh

    allnick
  • speculatorart06:31:42 AM

    Yeah, yeah, it's the guy named Gabriel. He did Web two free to play games, some popular ones ran a studio for like 12 years, made limit Break, got invested in by a lot of big Web 3 investor names.

    speculatorart
  • speculatorart06:32:14 AM

    It's yeah, they're going to do something cool. Probably trim one here, just get my average cost back. But I totally get what like Nick is saying. But having said that, I've also been thinking about, like, I follow a flip mbot and FT sales bot on Twitter, and just every day you see people, they're taking 80% just dingers like left and right. So I feel like we're potentially closer to the bottom. We may not be all the way bottomed out, but we're getting pretty low there. And I do agree. I mean, li

    speculatorart
  • speculatorart06:32:44 AM

    The nali cars like it, it's the exact same car of the cheaper brand. They just slapped the Denali tag on it and it costs you another 7 grand so people spend a lot of money on stupid shit all the time. I do agree that the macro you know outlook if if if the whole world goes to shit NFT's are definitely going to shit, but I do feel that we could be, you know closer to the bottom. Maybe we need one more leg down, but I do think that there's going to be a lot of opportunity, especially with like new

    speculatorart
  • speculatorart06:32:47 AM

    Like existing blue chips, we could just sit and no man's land for a while.

    speculatorart
  • piovincenzo_06:33:18 AM

    Yeah. And and we have a lot of hands raised. I'm gonna rotate it around. One thing I want to, you know, put out there though is I've noticed that the the perspective that Nick is sharing is actually a perspective that I've seen a lot of market participants in the crypto and NFT space put out there before, which is basically like when things are going poorly, they're kind of like, well, what even is this stuff, right? And obviously you can kind of see where a thought like that comes from. It's de

    piovincenzo_
  • piovincenzo_06:33:49 AM

    But it's for this very reason that I'm getting big like big time OG Bitcoiners to come on our YouTube show for long form interviews with me and Nick to try to. I think it's going to be fantastic conversation because I I really appreciate Nick's perspective. Nick's very thoughtful and analytical and the OG Bitcoiners I think will will get ones that aren't total Maxis. We have Booty Wertheimer coming on next Tuesday and I think that me, Udi and Nick can have a juicy conversation about Bitcoin.

    piovincenzo_
  • piovincenzo_06:34:19 AM

    Etherium and NFTS, because sometimes I think people forget about like what makes some of these assets important, and keep in mind I just want to reiterate and this is not the opinion that's shared by the NFT space. It's not the stance of the NFT space. I'm a Bitcoin guy, right? So everyone in the FT space it's more on the Ethereum side, right? I'm a Bitcoin guy, so whenever I say this stuff it comes from the place of Bitcoin. I'd be on the same page if someone's like. Well, what is the theory an

    piovincenzo_
  • allnick06:34:38 AM

    Well, the only thing I was going to say is that it I haven't been saying this just when it's bearish we've been talking about the ridiculousness of this space. Walt. Walt was bullish like that's the whole point. That was like the foundation of the show is the ludicrousness of trading jpegs like we that that's that's always been the case. There used to be.

    allnick
  • allnick06:34:58 AM

    When when uh, Pepes were first introduced and people were trading them, I didn't even like in rare Pepes. I didn't even understand where to go buy them. But there were tons of like meme videos that were created around rare Pepes and the rare Pepe market imploding and jokes over that sort of situation and.

    allnick
  • allnick06:35:28 AM

    It seems so ludicrous. I was like, who the hell is flipping jpegs like? I don't even get it. And now here we are flipping jpegs and and I I get it. But even still you you have to. Even if you're making money in it, look at it and say what the hell am I doing? Like like they're I don't care if it's a bear market, bull market, whatever the hell it is. If you were flipping art, you'd probably feel the exact same way, unless it's like, yeah, actually no. Even if it's some insanely expensive.

    allnick
  • allnick06:35:46 AM

    Art piece and I don't care the historical relevance of it. You're still going to wonder what the hell am I doing. Flipping this piece of art like it's? It's a pretty absurd activity to begin with so that that's all that I'm saying with it. And and then when you look at that and those sorts of markets.

    allnick
  • allnick06:36:04 AM

    Were you questioned like the value that's produced in that in that ecosystem you it's hard not to look at it objectively and say, well, this is a little crazy, like I'm not selling food to people so, so like it. It's a little bit of a ridiculous market so.

    allnick
  • allnick06:36:06 AM

    Yeah.

    allnick
  • piovincenzo_06:36:36 AM

    I mean, you're right, you're right, and like real real quick. Before I throw around I'm I'm excited to to rotate here, you know I saw a documentary on the photographer Robert Mapplethorpe and Nick. If you remember, I brought him up in the conversation that we had on YouTube with Justin Aversano and Justin immediately got pumped and pointed to a picture that was framed on his wall and he was like, that's Robert Mapplethorpe, right? So, so he's a fan. And anyway, in the 70s or 80s, like whatever e

    piovincenzo_
  • piovincenzo_06:37:07 AM

    To his friends, and he gave several to Fran Leibowitz. And she literally just threw them away when she was moving or something, you know, because she didn't like photos, weren't selling for a lot of money at that time. And they weren't really recognized in the fine art world the same way that paintings and sculptures and other pieces of art were recognized. And so she had original Robert Mapplethorpe that he had signed, that he had like, you know, addressed to her and everything that she just di

    piovincenzo_
  • piovincenzo_06:37:32 AM

    And then you can look up at what you know, what originals by Mapplethorpe sell these days. And sometimes it's hard to see you know where the valuations of these things tend to go. Obviously there's a million stories of early bitcoiners not understanding the value of what they had and losing the hard drive or losing the seed phrase. Blah blah, blah, you know, signal raised their hand during this. I want to throw to signal, then I want to throw to Ben. And then we'll keep it moving signal what's g

    piovincenzo_
  • _thesignal06:37:53 AM

    Yeah morning folks, it's quite funny. You and Nick remind me of the Filas collection right now in on open sea. It's #3 or #4 whereby they're animated NFT's and when they're happy they bounce around and when they're sad they vomit and I feel like Nick is about to vomit. He's just so over bearish. But PO.

    _thesignal
  • allnick06:37:58 AM

    OK, it's not. I'm just being realistic. I'm not like just like a mega bear.

    allnick
  • _thesignal06:37:59 AM

    No, no, no, no, no, no, no. You, you are realistic.

    _thesignal
  • speculatorart06:38:13 AM

    They're always darkest before dawn.

    speculatorart
  • _thesignal06:38:30 AM

    Six weeks ago, you're now over bearish and I'm hearing it more and more that the entire space and sort of everyone's views. It's just becoming too bearish and it's sort of skewing. It's. It's always, it's always, but we will. We will move we, we weren't born in Web two. We were molded by web three. Anyway, my point is, this is the point I want to make like I don't know what's going to happen. No one does. We don't know where the bottom is. And if you come with the view that there's no value here

    _thesignal
  • _thesignal06:38:46 AM

    You can look at the derivatives market selling like structured products and equity derivatives. What like what is that? What where is the value there like? That's what I could say, but the financial markets they would say that that pocket of that industry is worth billions and billions even though.

    _thesignal
  • realjonahblake06:38:49 AM

    Say no, we're in the business of selling subprime mortgages. That's that's the next big thing, so.

    realjonahblake
  • _thesignal06:39:19 AM

    No, but but no. But my point is this, like in this space, the genie is out of the bottle. The technology is a one way St. We're not going back. The infrastructure is being built and layered, and if you if if we just step outside of the open seas, Top 100 ranks and just stop looking at that every single day, hour by hour you and just look at what's happening with Andres and horizon with a 4.5 billion fund just to focus in web. Three businesses and startups, you've got the next Coachella happening

    _thesignal
  • _thesignal06:39:50 AM

    Pretty much I think next year being led by Yuga Labs, you've got character development, which will obviously be you know, the next Marvel someone will be it, but it's like if we just keep looking day-to-day. We just keep having the day-to-day conversation. It's so easy to have an over bearish point of view, but if we just step back and talk about what else is happening, you see that trading will always continue to go up and down in any direction. But what is actually being built right now is the

    _thesignal
  • _thesignal06:40:14 AM

    And where people's attention will eventually go by people, I mean people outside of Web three will eventually be forced to look because that's just simply where the world is going. So I feel like, you know, it's good to be bearish because I do think, you know, you do have to, yeah, you probably are trading subprime mortgages on on a on jpegs here. But there is value here, there is good value, and we need to separate, separate out the good from the bad.

    _thesignal
  • piovincenzo_06:40:36 AM

    Couldn't have had a better signal, and I mean look, I couldn't agree more. I think you put it perfectly. The reminder to kind of tack onto that in my opinion is that all of that is true. That doesn't mean that NFT collection XYZ that somebody has sitting in their wallet is going to fetch a higher price and have liquidity in the future. And it's really hard to figure out, yeah?

    piovincenzo_
  • _thesignal06:41:05 AM

    Agree, agree, totally agree. But I think you know as participants in this market our job is to find that JPEG which will go from $137 to 800,000 in three years because that's what an ex copy piece just did. Having minted, he meant he minted that in February 2019. So as traders that's what we need to find and as long term investors because the opportunities are there. But if we just continue with this bearish mindset, we're going to miss it. We're all going to miss it because we're too focused on

    _thesignal
  • _thesignal06:41:08 AM

    That there's no value here. That's my point.

    _thesignal
  • piovincenzo_06:41:09 AM

    1000%.

    piovincenzo_
  • allnick06:41:12 AM

    Just give up signal, just give up, quit and just.

    allnick
  • piovincenzo_06:41:14 AM

    God no.

    piovincenzo_
  • _thesignal06:41:15 AM

    Never mind, never mind you're talking to a marathoner, you're talking to a marathoner. I don't give up.

    _thesignal
  • piovincenzo_06:41:46 AM

    Oh, that's what I'm fucking talking about SIG and yeah, I mean $800,000 sale at the, you know, in a bear market, whether or not it's the bottom of a bear market, it's a bear market nonetheless. Me and kicks were talking about on on YouTube the other day. We were just like do we have? We gotta buy like an an OG art block don't we? Because it's like I just feel like we're going to go back, look back and kick ourselves if we don't buy it. We were talking about splitting a ringer and I was like but

    piovincenzo_
  • piovincenzo_06:41:52 AM

    Called called Ringer, you know so that we got a kick out of that. My guy Ben Jammin what's going on?

    piovincenzo_
  • xbenjamminx06:42:17 AM

    Yo PO I wanted to, I wanted to ask Nick specifically about like levels of capitulation and and I remember at the time a couple months ago, one of the things that was brought up was on the percentage of wealth sales or or accepted wealth offers compared to the like, regular buying sales on Earth and naked.

    xbenjamminx
  • speculatorart06:42:18 AM

    Yes Sir, I had to go to, pulled up.

    speculatorart
  • xbenjamminx06:42:26 AM

    Do you get? I think that would be something awesome to even just track to see levels of market capitulation, catch you have numbers on that right now.

    xbenjamminx
  • speculatorart06:42:29 AM

    Yes, Sir, pulling it up right now.

    speculatorart
  • speculatorart06:42:31 AM

    So.

    speculatorart
  • speculatorart06:42:58 AM

    OK, pulling up the dune and I will post it in the portal as well. If you like to keep the track on yourself, but the highest day for rat Eat offers was the 15th of August, so about 9 days ago 39.9% of all sales were wrapped. Each sales. Since then we've been trending downwards back to about 20 to 22% of all sales being wrapped ETH offers.

    speculatorart
  • allnick06:43:25 AM

    I mean.

    allnick
  • xbenjamminx06:43:25 AM

    That's awesome to know and and I think if if we can, if we can chart that comparative to volume, you know because obviously if you have percentages on low volume days it's a lot different than on high volume days or weeks. But I think the the comparison between those two things would be a good gauge for what the level of capitulation actually is and and I'll pass it over to Nick.

    xbenjamminx
  • allnick06:43:36 AM

    We're still down or we're still up significantly in terms of with offers. What was not mentioned is that it was 5% back in June on June 2nd.

    allnick
  • allnick06:43:41 AM

    So that's how and we got as low as it looks like here.

    allnick
  • allnick06:43:47 AM

    Around 5% uh seems to be where the low is 4.9%.

    allnick
  • allnick06:44:01 AM

    And so we're right now at 21%. So we're already four times that. So yes, we came off of this the August 15th, when we had 40% essentially but.

    allnick
  • allnick06:44:19 AM

    Just this is so incredibly high, but my thought was like true capitulation is when that number is 90% like you need to get to a point where literally people think that like there's just no liquidity or there's barely any liquidity.

    allnick
  • allnick06:44:39 AM

    And and all that's happening is you're getting with offers to me like this. It doesn't look good when it's at 40% relative to historical numbers, but that's still to me just means that there's a market. The fact that the majority of purchases are happening against list price to me is.

    allnick
  • allnick06:44:48 AM

    Pretty bullish still. And so, yeah, that's just my own take. And that's not even based on data that's just based on.

    allnick
  • allnick06:44:50 AM

    Like

    allnick
  • allnick06:44:58 AM

    what does true capitulation look like? And basically that's when there's no buyers in the market. That's like the foundation of full blown capitulation.

    allnick
  • xbenjamminx06:45:02 AM

    Yeah, probably means there's no bids at all, right? Like no one's even bidding to accept.

    xbenjamminx
  • allnick06:45:01 AM

    Yeah.

    allnick
  • allnick06:45:03 AM

    Which?

    allnick
  • allnick06:45:35 AM

    Yeah, I mean I guess you, you raise a good point. If there's no offers and there's no volume then that that that would be the true mark of a bottom is just no activity. But and from that standpoint the volume still does not look phenomenal. But I mean it's it's had a nice little since the 15th where we were at the bottom. We've seen volume like you were saying, Ben in terms of charting.

    allnick
  • allnick06:45:38 AM

    Go up almost, you know, 40%.

    allnick
  • allnick06:45:59 AM

    And so that that like we're seeing increased demand at the moment. But when you go back towards even like May and June, we're still at a fraction of that. So we're 50% down from there. So I mean, I'm actually more impressed with the volume that we have at this point. It is.

    allnick
  • allnick06:46:08 AM

    As bearish as the chart looks, because basically you had this huge surge of of demand and then this sharp falloff.

    allnick
  • allnick06:46:40 AM

    If you drew just like a lion from last year where you had, you know like in May you had 41,000 ETH. Well this month worth 220,000 ETH, so that's that's over a 5X. Basically 500% gain year over year like since last May. So that to me is still just like holy shit. Wow, this is this is a market that people are sticking around in and you know they still have the option to go outside.

    allnick
  • allnick06:47:11 AM

    Technically like versus last year when we were in lockdowns and a lot of this stuff went down, there was no, you know, in person activity, people going outside, people quote touching grass is people like to say. So I mean I, I think like I actually couldn't be more bullish on the overall market in the sense that like, holy shit, wow, this NFT thing really is still a sustained thing. That's impressive to me, the speculative bubble that we had.

    allnick
  • allnick06:47:40 AM

    Or a you know, eight-month period there is, or nine months whatever it is. Yeah, that that seems a little bit overblown, but people seem still invested in this to me, though, true, capitulation is when the and maybe it doesn't happen, but that that would be what I'd be looking for is basically people just being like what the hell was that thinking? Holding on to those apes? What was I thinking? Holding on to even those punks? It needs to be at a point where where you're just saying what the hell

    allnick
  • piovincenzo_06:48:11 AM

    Yeah, and I mean look this is a juicy. This is one of those mornings that I'm jazzed up because I just can't wait to hear from the different people that have their hands raised. I just let Bob in on stage two so we're gonna we're gonna mix it up here. The one thing I want to throw out there is the fact that, like you know, crypto punks are at $125,000 floor right now, you know, and it's 10,000 piece collection when you, when you do, think about that math, I understand there's Diamond hands and s

    piovincenzo_
  • piovincenzo_06:48:23 AM

    To have 10,000 of them and have the cheapest one be 125,000 and floors can drop really quick, so that's my little input. I want to throw to Spencer and then we can get you know, node and Jonah in the mix. But Spencer go ahead.

    piovincenzo_
  • sgsand106:48:54 AM

    Yeah, I mean, I think we've talked a lot about capitulation, right? And my feeling was and and I it's part of why I started buying this weekend. Was that like I thought we saw a mini version of of things looking worse this weekend where there was sort of the bend out thing people were unsure. I know like I I got into both apes and punks at under 100K or like right around 100K which that to me felt low given where the market was at and then this week with some of the higher sales or like clone ac

    sgsand1
  • sgsand106:49:15 AM

    I I have to think like my thesis has always been continues to be that like I think around the merge. It was kind of like either two things that are going to happen, one is ETH can run really hard and I think we'll see something closer capitulation than with people selling an FTP, or it could dump really hard and that might also cause it. So I think like.

    sgsand1
  • sgsand106:49:41 AM

    But it feels to me is is everyone's really starting to feel like we're actually in a bear market, right? Like it's OK, it's actually happening. I don't really feel like there's that clear of a sight line to recovery in the macroeconomic infrastructure for all the reasons you talked about. And I think six months from here, it's very likely we'll still be in a bear market. And and if you think people's patients have waned already, like you haven't seen like where it's been like 3 months.

    sgsand1
  • piovincenzo_06:49:46 AM

    Yeah, it's add 2X that to this, right? Like, how much patience do people have?

    piovincenzo_
  • sgsand106:49:48 AM

    At least and like last time it was like.

    sgsand1
  • xbenjamminx06:49:49 AM

    That's really like a year in our terms though Spencer.

    xbenjamminx
  • sgsand106:50:06 AM

    Yeah, but like last time the bear market was like in crypto was like four or five years, right? Like it like how long are people really gonna last with, you know with these floors and and as you said Pierre like the market cap of of punks is still a billion dollars. Now you might think that's low but.

    sgsand1
  • sgsand106:50:18 AM

    Billion dollars is a pretty high market cap considering how improving this is and the market cap of board apes is like $3 billion, right? If you include all of the Youga assets, right? Except for punks, so I don't know.

    sgsand1
  • piovincenzo_06:50:22 AM

    Yeah, no fair node.

    piovincenzo_
  • allnick06:50:32 AM

    Yo, your notes gonna capitulate.

    allnick
  • depechenode_06:50:53 AM

    Dude, I'm so sick of hearing the word capitulation over and over. If we say that word one more time, Nick, you're you're so lame. Nick, you're so lame. All you do is say that word over and over and you think you're so freaking smart. Dude, it is. It is so gross, so disgusting. You're you're just like, you've turned into those Youtubers that are trying to, you know, be bearish and trying to get us to do stuff. Dude, I'm over it. I'm over it. And by the way, by the way, east two, they deprecated t

    depechenode_
  • depechenode_06:51:00 AM

    Two dude, it's just so before after the merge it's still ETH. You got to get your facts straight my man.

    depechenode_
  • allnick06:51:08 AM

    I'm looking forward to you fully capitulating and selling me. One of those ringers for $500.00. I can't wait for that. That's going to be true capitulation.

    allnick
  • depechenode_06:51:10 AM

    I'll bring it. Bring it.

    depechenode_
  • piovincenzo_06:51:21 AM

    Like I can't wait to to see the transaction just from nodes wallet to Nicks wallet of one of nodes prize ringers for 500 bucks. Put it on your calendars, ladies and gentlemen, it's gonna happen Jonah.

    piovincenzo_
  • realjonahblake06:51:53 AM

    Yeah, I I wanted to respond to kicks and there's there's some there's a lot of really interesting game news and I'll I'll make it quick though the whole thing. So regarding ready player me, it is an interesting bet one that's not too obvious but if you first of all, I've met Teemu he's actually he's actually a genius. I believe he's finished, but they have a repository of data on on facial features so prior to them really.

    realjonahblake
  • realjonahblake06:52:15 AM

    Being web three, they've collected a lot of facial recognition data, and they've they've used that to reinforce their avatar creation tool. So basically the big proprietary asset around ready player me is the fact that they have this technology that helps create more exact facial features. Using, you know, your computer camera is that it actually has nothing to do with Metaverse.

    realjonahblake
  • piovincenzo_06:52:20 AM

    No, yeah well no. Well, it does have to do with Metaverse because, you know that's going to be put into metaverse.

    piovincenzo_
  • speculatorart06:52:23 AM

    Yeah, and I'm not trying to look like me in the metaverse. I'm trying to look.

    speculatorart
  • piovincenzo_06:52:24 AM

    Of.

    piovincenzo_
  • realjonahblake06:52:30 AM

    Well, that, but the the the problem is actually all their customers are from LinkedIn and they actually have a lot of LinkedIn oldies like oldie customers.

    realjonahblake
  • piovincenzo_06:52:34 AM

    Jonah, nobody's trying to look like themselves in the fucking metaverse.

    piovincenzo_
  • realjonahblake06:52:37 AM

    I'm not either, I'm just telling you what the bed is and what they say. What is the bed is?

    realjonahblake
  • piovincenzo_06:52:42 AM

    I'm trying to look like Brad fucking Pitt in Fight Club in the metaverse. OK, Jonah, that's what I'm trying to look like.

    piovincenzo_
  • realjonahblake06:52:43 AM

    You can be that. I'll be right. I'll be Ryan Gosling. I want to be Ryan Gosling.

    realjonahblake
  • speculatorart06:52:44 AM

    I'm gonna be 8-5 with a jawline of the orc.

    speculatorart
  • piovincenzo_06:53:13 AM

    I'm gonna be jacked in the metaverse, OK? People are gonna be like, holy shit, this guy's been doing metaverse pushups for like 8 years, nonstop. Just kidding, Jonah. But not no, no surprise at all that Jonah, you know, is is very well researched on that. I do want to just wrap on what we were talking about on the bearish bullish thing. I mean, Bavin, you requested to speak in the throes of that conversation. You know, you're you're a fun guy. You're you're a full time investor. I'd love to know

    piovincenzo_
  • allnick06:53:22 AM

    Are you gonna capitulate?

    allnick
  • piovincenzo_06:53:21 AM

    50 Nick was talking about. If you share his opinion that there's more the trigger word for node capitulation ahead.

    piovincenzo_
  • piovincenzo_06:53:28 AM

    Would just love to know about what's on Babin's mind throughout this conversation, and as a crypto punk owner too.

    piovincenzo_
  • rbhavinvaid06:53:37 AM

    Yeah, so I think on capitulation I told you see, it's going a little further down from here, but I kind of share Spencer's thought that I think.

    rbhavinvaid
  • rbhavinvaid06:53:46 AM

    There is a floor price in people's minds and dollars terms for your blue chip collection and stuff like punk stuff like.

    rbhavinvaid
  • rbhavinvaid06:53:54 AM

    Maybe even squiggles stuff like ringers, things like that. I think people do think about them in pure dollar terms and so.

    rbhavinvaid
  • rbhavinvaid06:54:04 AM

    I don't think people should be looking at it in terms of each floor as much as dollar floor around some of these major blue chip collections and like.

    rbhavinvaid
  • rbhavinvaid06:54:20 AM

    I don't even stuff like apes. You can see today are moving up in terms of ease and I think as Ethan's come down, people are more willing to come in and buy even your apes and stuff out there. And so to me, I don't expect crypto's going to be in a long.

    rbhavinvaid
  • rbhavinvaid06:54:24 AM

    Like I don't think six months we're still going to be in a bear just because.

    rbhavinvaid
  • rbhavinvaid06:54:26 AM

    The amount of.

    rbhavinvaid
  • rbhavinvaid06:54:34 AM

    More attention we got in the space from the last cycle. It's like dramatic, like it really has hit that inflection point. So like, I just don't see.

    rbhavinvaid
  • rbhavinvaid06:54:38 AM

    Long crypto bear.

    rbhavinvaid
  • rbhavinvaid06:54:42 AM

    This time around, but all the people started doing them wrong.

    rbhavinvaid
  • rbhavinvaid06:54:54 AM

    Yep.

    rbhavinvaid
  • piovincenzo_06:55:12 AM

    Bavin crypto bear NFT bear right. So, like, I think that we've probably seen bottom 4 crypto already like what what did we have like? $900 ETH or 850 on a flash crash? You know, hey, maybe it's maybe it goes to 750 honestly, who gives a shit like if you don't have enough conviction to buy between 700 and $900? I don't know what you're doing in the space. Like you know what I mean. But but on the NFT side, that's where I think this conversation really is is leaning.

    piovincenzo_
  • rbhavinvaid06:55:30 AM

    Yeah, I I think NFT's are the killer app for crypto, right? NFT's are really what brought us into the mainstream. Your average person has no fucking clue how to use a DEFI application, but they can buy etherium on an exchange and bridge to a wall and then buy an FT. I think stuff is coming out like.

    rbhavinvaid
  • rbhavinvaid06:55:41 AM

    Monday is going to be launching Hypernet later this year, which really is going to be targeted at getting people on board into crypto, setting up a wallet for them, making it like.

    rbhavinvaid
  • rbhavinvaid06:55:48 AM

    Credit card to NFTE purchase to wallet in a seamless transaction and I think that's just going to.

    rbhavinvaid
  • rbhavinvaid06:56:03 AM

    Further turbocharged growth, like I just hear so many ways the NFT's are targeting the average consumer, and maybe it isn't your crypto punk, your major NFT, but it's going to be something that's going to onboard them with 100 dollars, $200.00 type kind of thing.

    rbhavinvaid
  • piovincenzo_06:56:33 AM

    Yeah, I couldn't agree more. I think that you know what like on that my thing, the thing that I struggle with to wrap my head around is is like whether the individual collections like let let's take pudgy Penguins as an example. Like I'm just so curious what overtime the fair value of pudgy Penguins actually is, right, I'm just using it as an example. But like with crypto punks, with board apes, I look at that a little bit differently. I I think that there's going to be volatility, but.

    piovincenzo_
  • piovincenzo_06:57:04 AM

    Obviously, like, I feel like those two have kind of broken through in some ways so that when I start to think about this stuff, I'm like, what's pudgy Penguins gonna be worth, what's, you know, random NFT project XYZ going to be worth? In most cases it will be 0, right? But there could be some fair value for something like pudgy Penguins, where you got a talented young guy like Luca working really hard on it all the time. I got to ask, easiest take here. Sometimes I feel like I I don't throw to

    piovincenzo_
  • piovincenzo_06:57:34 AM

    Someone in our discord just posted this hilarious gift of eazy's face on Ray Liotta. Ray Liotta's body in Goodfellas when he walks across the street and beats the shit out of the guy in front of his car with a pistol and that guy's face is athyrium. So I can't wait to hear the soul. Maxi here, I forgot that that GIF existed. The funniest shit. Easy. What's on your mind when it comes to this conversation? Then? I'm excited to throw to Marcos, a full time crypto trader and and only recently got on

    piovincenzo_
  • piovincenzo_06:57:35 AM

    It is.

    piovincenzo_
  • piovincenzo_06:57:52 AM

    Yeah, it was NFT God. Yep.

    piovincenzo_
  • piovincenzo_06:58:02 AM

    What's it out now?

    piovincenzo_
  • piovincenzo_06:58:05 AM

    Damn.

    piovincenzo_
  • easyeatsbodega06:58:05 AM

    Uh, yeah life's good, I bought a pudgy Penguin at like 1.41 point 5 so that's nice. Not too mad about it. Sitting on a nice little bag there. Also the dust play I know on Monday. I think it was NFT. God may have called it out. I forget who it was but buying dust for you? Yeah, so I posted a thread last week about it. He actually got a better entry because it did dip last night. It tested $2.00. We are seeing some buying pressure on that so it's up to one $2.00 right back to two right now and it'

    easyeatsbodega
  • easyeatsbodega06:58:20 AM

    Up almost $1,000,000 in trading volume on USD value too. So people are starting to add now that Frank last night talked about potentially like 2 weeks out. So that's kind of the interesting thing here. For Mint I think we see bankers are going into that.

    easyeatsbodega
  • easyeatsbodega06:58:52 AM

    And yeah, I think I'm just gonna dump the majority of it. I bought over 3000 dust just because I thought it was a better risk reward in the current market. But I mean, the sole markets been cooking, I'm not mad at all about it. The ETH market, I've tried to kind of play some of the low Mint Freeman stuff and all the bags I've bought have gone to zero except for this pudgy. So aside from that, I'm basically break even at this point on Earth, which is why I stay away from it. But no, I mean conver

    easyeatsbodega
  • easyeatsbodega06:59:20 AM

    Opportunities and other things, because when everyone's this negative, it's usually a lot closer to a bottom than people realize. I'm not saying like unload the entire stack here, but I'm gonna start nibbling at a couple things and finding a few plays that I feel a little bit more comfortable on. I still have massive PTSD from not buying that punk at 50K after I have like close to 1000 messages with Nick saying, yeah, this looks great, this is probably a good opportunity. I don't know how much l

    easyeatsbodega
  • piovincenzo_06:59:45 AM

    Well, and the the thing I want to point out is you've been participating in markets from a trading perspective for like a decade and in the last crypto cycle like 2016, 2017, 2018, you rode up and and crushed on the way up and then you kind of, you know, gave it all back in a way. You know, given that perspective, I don't know, are you seeing any similarity to where we're at now? Like is this triggering any memories for you?

    piovincenzo_
  • easyeatsbodega07:00:02 AM

    No, because I actually was converting to staples, so unlike last time I learned my lesson, I haven't given all of it back. I've given a decent amount back, but I'm not too mad about it at this point because I have taken profit and have actually moved those to a bank account so that I can spend them. It's a much nicer change.

    easyeatsbodega
  • piovincenzo_07:00:04 AM

    That's a great you're you're you're crazy. You're you're fucking crazy.

    piovincenzo_
  • easyeatsbodega07:00:17 AM

    You know, like recognizing profit and making it usable is just a a crazy thing to do here, but no. I mean the market itself is like I just think we chop like I think we continually chop here until everybody's extremely uncomfortable.

    easyeatsbodega
  • piovincenzo_07:00:18 AM

    Fair.

    piovincenzo_
  • piovincenzo_07:00:23 AM

    Go ahead, Barney.

    piovincenzo_
  • barney961107:00:48 AM

    Yeah can I? Can I chime in I I didn't want I didn't know when to jump in, but I'm being British. I was being British and being polite on the sidelines. Yeah, and I just wanted to say I, I agree with easy and also what signal was saying earlier. As you know I always say I used to I trade an art contemporary art in real life and my main like side hustle is art and what I've noticed of late very much like NFT's the art market, especially contemporary art market has slowed down massively and I think

    barney9611
  • barney961107:01:12 AM

    I know I don't wanna use the word capitulation, but if you look at the macros within the UK now we're suffering a massive energy crisis. Inflation in you name it, everything's happening over here and I think what we need to also remember is it's not necessarily maybe a market or a sector or industry. Such suffering, I think just consumers are becoming a bit more.

    barney9611
  • barney961107:01:43 AM

    Savvy not to just spend money disposable on certain things, whether it's contemporary art, whether whether it's jpegs and I think just what we're seeing now is we're out of, we're out of a bull run where we're making hay while the sun was shining and now we're in a bit of a bear market. But every everything else in our daily lives is costing more. And I think that takes a a huge puts a huge burden on people that if they they haven't come up yet and they still haven't got a decent each bag that.

    barney9611
  • piovincenzo_07:01:51 AM

    Yeah.

    piovincenzo_
  • barney961107:01:56 AM

    They're very conscious of that, so this is where we seeing on. I don't know. I see tools these pumps on these smaller projects because people are trying to build their their ETH up to to get it, yeah.

    barney9611
  • barney961107:02:12 AM

    Yeah.

    barney9611
  • piovincenzo_07:02:24 AM

    I was gonna say, yeah, that's what you just said is exactly why the free mints when you see a pump and then like when we just express our genuine opinion and say like hey I think that free mint that now costs .6 etherium and with an 8000 supply is not gonna like you know sustain and people get so mad you know what I mean and it's because they're like no no this was my shot I paid $0.00 for this. I'm literally looking to make $40,000 off of this thing I paid.

    piovincenzo_
  • piovincenzo_07:02:25 AM

    04 you know.

    piovincenzo_
  • barney961107:02:56 AM

    Exactly. And and what what I would say in this current market is there's so much opportunity. People need to go on open sea and start using that make collection offer like oddities. I picked up five or six of them the other day, .7 flipped it straight for 1.2. Or you got gremlins, got them at .8, they're trading at 1.05. If you go out there and look for good offers on collections, there are people that are trying to get liquidity to go do something else and you can pick up something.

    barney9611
  • barney961107:03:27 AM

    And all you have to do is make that .1 that .5 day on day and you can have so much fun in this space rather than just looking for that next blue chip, which is probably never going to happen again the the the punks, the board apes, they they haven't guards, they they. I don't know what are. They they the DA vincis of our generation. We need to be looking for the causes or the Nina Nina channels or something like that where we can ride on the back of it. Make a bit of money if you rarely invest i

    barney9611
  • barney961107:03:50 AM

    But I think the, the, the, the, the everyday person is suffering a bit. And I think we also need to just stop looking at open sea so often. I know it makes great conversation, but in this space, since cryptos come along, we want everything to happen yesterday, and we we we want everything to happen now or or or. Why isn't it happening? I think we just need to.

    barney9611
  • barney961107:04:05 AM

    Chill, listen to your show more. Look at some cool projects, do some research. Or as you say go touch grass. Or if it's your cup of tea, go smoke grass. It's not mine but who one or the other? You know what I mean?

    barney9611
  • piovincenzo_07:04:05 AM

    The great.

    piovincenzo_
  • emperorjpeg07:04:12 AM

    You know, I think, I think we could all do better to listen to this show more often. These guys are absolutely crushing it. And Barney, I want to ask, is that the Fonz?

    emperorjpeg
  • barney961107:04:31 AM

    And you know what? It was. So I I'm trying to get some credibility in this in this arena, not on my PFP, even though I have some decent stuff. So I had to find a project where I could make a PFP that looks like myself. So it probably does, I look like.

    barney9611
  • piovincenzo_07:04:39 AM

    That that's what you look like. You must be a handsome bastard. You got a motorcycle jacket too you. You seem like a pretty cool guy Barney. Maybe we'll we'll get to meet sometime. If there's like NFT, London.

    piovincenzo_
  • barney961107:04:41 AM

    Yeah, I was gonna ask you just quickly one thing. Are you coming to in FT London, you lot?

    barney9611
  • allnick07:04:46 AM

    No.

    allnick
  • piovincenzo_07:04:49 AM

    I don't know. There's a bunch of stuff of a Vegas thing. Just apparently every everyone's everyone's going to Vegas, I I guess.

    piovincenzo_
  • piovincenzo_07:04:52 AM

    Ohh Brett yeah we're gonna be in Portugal.

    piovincenzo_
  • easyeatsbodega07:04:52 AM

    Break point is that same time the Elizabeth thing it's the exact same days.

    easyeatsbodega
  • barney961107:04:58 AM

    Nick, Nick come to London and buy buy orchid in London. They far nicer. I'll take you for a pint I'll show you all the sites you guys will love it.

    barney9611
  • piovincenzo_07:05:06 AM

    Well I appreciate it Barney. So I wanna throw and well Nick you raise your hand during that. I don't know what it if you wanted to add to it then I wanna throw to Marco and and the Bavin again.

    piovincenzo_
  • allnick07:05:35 AM

    Yeah. I just wanted to discuss a little more capitulation. So the uh in terms of no. The the only thing was we keep referring to this punk trade like it was like it was this great trade. I don't think the price is going to stay up at the print like it's already come down 30% or something like that from where the the floor went even higher. Was it like 150 for a minute and I'm like, I'm a damn genius. But now it's down at like 110 and it could just go lower. So I, I don't know. I, I don't like.

    allnick
  • allnick07:05:44 AM

    Referring to these trades until it the money has been materialized and I have not exited that trade at this point in time.

    allnick
  • piovincenzo_07:05:58 AM

    OK. Well, right. But I mean, look, at the end of the day, you did do well, right? And I mean you could just press a button and probably have the thing sold within like four or five days for like at least 67, like you could sell it for a.

    piovincenzo_
  • allnick07:06:00 AM

    For half $1,000,000.

    allnick
  • piovincenzo_07:06:14 AM

    Not not that much, but for a profit that's more than a lot of Americans make. Like you'd be making a profit that if you were a public school teacher, it would take like 1 3/4 years to make that working day in and day out. I I just like to point that out sometimes.

    piovincenzo_
  • allnick07:06:22 AM

    Yeah, yeah. Well, gamblers don't like to use that sort of math. So if you're, if you're like, you just want to remember that we don't like to think about those types of things, OK?

    allnick
  • piovincenzo_07:06:38 AM

    Yeah, so, so, uh, Marco, you have your hand raised. Marco, let's keep it not too technical because I know that you're a full time trader and and you're extremely technical, but I'd love to hear. I mean, you've been listening, you know, to this show since the beginning of the episode. What perspective do you have on what we're talking about?

    piovincenzo_
  • piovincenzo_07:06:51 AM

    2020.

    piovincenzo_
  • rocinantecptl07:07:10 AM

    Yes Sir, yeah, thanks for having me on. First of all, I just want to say Pio. You keep on saying I'm a new trader, but my first NFT purchase was October 29th, 2020. I just pulled up the ether scan. It's it's. It's on a different wallet called Mark P and I was just. I remember turning my nose up at crypto punks just looking at him like I am not paying that much for this thing like it. I it looks pretty cool. I want one but no chance. And so yeah, these recent punk trades nick like you were saying

    rocinantecptl
  • rocinantecptl07:07:19 AM

    Because I just remember what it was and you know, I I've always just refused to get into a punk and you know, it is what it is. But.

    rocinantecptl
  • rocinantecptl07:07:28 AM

    Anyways the ETH merge I feel like, yeah, I don't. I'm just not bullish going into it. Guys, I I don't.

    rocinantecptl
  • rocinantecptl07:07:30 AM

    You know until you know.

    rocinantecptl
  • emperorjpeg07:07:31 AM

    Yo, mute his mic. Mute his mic.

    emperorjpeg
  • piovincenzo_07:07:32 AM

    Sorry.

    piovincenzo_
  • emperorjpeg07:07:34 AM

    Sorry.

    emperorjpeg
  • rocinantecptl07:07:35 AM

    Ohh so yeah I mean.

    rocinantecptl
  • piovincenzo_07:07:38 AM

    Ohh, that's a joke. OK got it? Got it, go ahead Marco.

    piovincenzo_
  • rocinantecptl07:08:07 AM

    No, I'm just like the if there's no activity on the blockchain and fees aren't burning etherium in the meantime, we just still have the same issuance rate of tokens and so, you know, there's nothing going on. And during the merge, maybe once the merge happens, then we can talk. But I don't know. Like if I look at the UK 100, like, you know, Barney and signal, it looks like it's about to roll over. It doesn't look good at all. It's like topping out pretty viciously in the same with.

    rocinantecptl
  • rocinantecptl07:08:16 AM

    The rest of our index funds and I just have to think like you know if if there is no new wave of any hype on the Ethereum blockchain.

    rocinantecptl
  • rocinantecptl07:08:44 AM

    Before, let's say the Bitcoin having 2024, you know we really don't have much to go off of in terms of like burning youth and like having like a mat. So like with NFT's I just also caution they like yeah, maybe like you can see some deals, but imagine if we do just like we're sitting in a bear market until 2024 then what are you going to do like and you watch this thing go to 0 so it's it is a, you know. I'm cautiously optimistic. I'm still staking ETH. I can't unlock it.

    rocinantecptl
  • rocinantecptl07:08:54 AM

    No, I'm just sitting in it. But you know, that is just a thought that I have too like. And yeah, all all the index funds do not look too hot right now.

    rocinantecptl
  • piovincenzo_07:09:02 AM

    Yeah, I mean someone's DM and me about a housing crisis, you know, there are macro conditions at play here, for sure. I wanna throw the note and then back to Bavin note what's going on.

    piovincenzo_
  • allnick07:09:08 AM

    I've got support hell and mostly somebody's DM. Me right now about a housing crisis over to you.

    allnick
  • depechenode_07:09:40 AM

    As long as we don't say the word capitulation, I'm fine. So I was just gonna say, you know that when it comes to the the merge, I've been putting together like a presentation for a discord. I mean and and like really my only conclusion when it comes to the merge and NFTS is that I feel like the merge just means volatility for the next two or three months and the price of ETH. So that's typically not overly favorable for the NFT market. So I think, I think I think you know now through the end of

    depechenode_
  • depechenode_07:10:00 AM

    And start offering, you know, thrown out wheat bids on what you like, but I mean long term I'm, I'm super bullish and long term. Super bullish on on the effects of the merge. But it's not like anything's going to happen overnight, and I feel like the narratives are going to get overblown one way or the other, and that's going to lead to some crazy volatility and price action.

    depechenode_
  • piovincenzo_07:10:08 AM

    Fair take I wanna throw back to Bavin then Jesse and then I gotta hear from Wapi, AK negative Nancy Bavin. What's going on?

    piovincenzo_
  • rbhavinvaid07:10:31 AM

    Yeah, I was just thinking in terms of like people wanting to talk about stacking, eat, like there's just so many ways to do it through the FT market. Like yesterday I bought this finnies thing. I honestly, I I know they minted originally in January or something. They minted what, 1000? And they went to the full collection earlier this week. They were cute as hell. They're kind of novel and the fact that they.

    rbhavinvaid
  • rbhavinvaid07:10:51 AM

    Or like linked to chain link oracles on prices of various currencies, and the finneys get sad or happy based on the price action. And you could have made a call at 6070% buying this thing at a pretty solid volume in a day. And so there's just opportunities like that that come up daily.

    rbhavinvaid
  • rbhavinvaid07:11:04 AM

    I I would argue like contrary to Barney that you should be looking at open, see you should be tracking things if you are active in this market and there's always opportunities. So that's kind of.

    rbhavinvaid
  • rocinantecptl07:11:13 AM

    You might as well just NFT like a live Cam of yourself and just like have people like send you commands and like oh OK I can. I need to eat now or else I'll get tired.

    rocinantecptl
  • piovincenzo_07:11:44 AM

    I mean, that's how it goes sometimes when we, we used to refer to it as like diaper season. I mean it should be said there's still opportunities like you know, kicks his win with digit daiku or I don't know how to pronounce it. It's a it's a very specific name to to have for a project anyway that that's like a monster win and people that invest in like traditional markets would kill to have a win like that over like 4 years, forget about in literally less than four weeks. It's kind of crazy to t

    piovincenzo_
  • piovincenzo_07:11:47 AM

    When it's a non joke, what Jesse has to say, what's going on?

    piovincenzo_
  • jesseshalfon07:12:17 AM

    Yeah, this is, I mean kind of ties into what you're saying. I got a couple projects I'll mention. But I mean, yeah, it's a bear market. We're going to have macro bear conditions, but that's less relevant when you have a industry that is poised to potentially like break out. So even in the recession of 2008, 2009, if you were an early and Internet Blogger or like that's where the money was and then of course it like blew up after that. I mean you if you invested obviously like the ubers of the wo

    jesseshalfon
  • jesseshalfon07:12:34 AM

    Is going to grow, yeah. Trading NFT PFP's is speculative, but you know, did you diku if it's really, I mean, the guy from Digi Daiku really believes that play to earn is dead or is basically dying and almost dead and and so he's going hard. Obviously he's pitching, but he really believes that. So that's a project that 3X and who knows?

    jesseshalfon
  • jesseshalfon07:12:37 AM

    Yeah.

    jesseshalfon
  • realjonahblake07:13:03 AM

    Jesse, that guy is extremely legit. He he like he he actually I just want to say this. He actually beats a lot of statistics and gaming. He he founded the company in 07. He ran it until 2018 running a gaming company for 10 years. It's like not normal it there's. There's a lot of churn in gaming and so to hold that founder position for 10 years and then first of all he exited the company to Apple even, which is basically the largest mobile UA and marketing company in the world.

    realjonahblake
  • realjonahblake07:13:06 AM

    Outside of something like unity, so very serious.

    realjonahblake
  • jesseshalfon07:13:08 AM

    Yeah, so I mean I I I listened to his oh sorry, I thought you thought you were done.

    jesseshalfon
  • realjonahblake07:13:10 AM

    No, I just said very serious, that's all I said.

    realjonahblake
  • jesseshalfon07:13:40 AM

    Yeah, yeah. I mean, so I listen to them and I was kind of blown away and started throwing out offers immediately. None were taken. So I'm coping hard because then it 2X from there and I was hoping it would dip and it never did. So I missed out on that. But then I heard on the thesis of, you know, good AMA, good, good Twitter spaces are often or like, you know, proceed a pump. I heard a good AMA with BF in this project, Black Genesis, which is into like Fidgeters. It's like a fashion brand. I bou

    jesseshalfon
  • jesseshalfon07:14:01 AM

    Expert, you know, vouched for the legitimacy of the project. Now it's like .03 point 04. It might have gone to like .05 overnight, so this is like a really low end play if you want to get two or three of these, there's a legit legit brand like I'm not big on the metaverse, but if anyone's going to do it, it's them. It's a legit fat Paris Fashion brand who has, you know, kind of experience in digital.

    jesseshalfon
  • jesseshalfon07:14:31 AM

    Properties and then they were even talking about how in their discord a lot of people their Chinese audience was frustrated because they weren't, you know, all all their all their discord is in English and French, and so they hired an expert who's basically an expert translator who's going to help them. So just the fact that they had an an audience that they identified from China, and we're going to cater to it, seems bullish. Again, I'm not big on the metaverse, but it's this is like a .04 play

    jesseshalfon
  • jesseshalfon07:14:42 AM

    Just heard about this is feature three. It's through Huxley that I don't know what it looks like. They want to be like the Roku of the Metaverse .77 Mint today, so I'm not sure. I'm only I'm on the white list.

    jesseshalfon
  • realjonahblake07:14:43 AM

    Can I publicly call bullshit on Huxley cause cause they.

    realjonahblake
  • jesseshalfon07:14:47 AM

    I'm only buying if. If I if I don't see sales at like .9, I'm not buying but.

    jesseshalfon
  • realjonahblake07:14:52 AM

    So let me let me tell you the Huxley bullshit I will. I will say this publicly because I don't give a fuck and that's how I run.

    realjonahblake
  • realjonahblake07:14:54 AM

    Hopefully.

    realjonahblake
  • piovincenzo_07:14:54 AM

    This is a hot take, Jonah. Let's let's keep it short.

    piovincenzo_
  • allnick07:14:56 AM

    I don't give a fuck.

    allnick
  • realjonahblake07:15:25 AM

    No, I don't get. I don't like, I don't. I don't give a fuck they can come after me said send me the big boys I don't care so with Huxley they first said that they released a game and I'm not a dumb shit. I noticed immediately that they reskinned and Unreal Engine five test kit shooter which is called Project Lira. So they position themselves as building this whole new shooter from scratch and that's that's a lie. They reskinned the character models, but it's exactly from Project Mira and nobody

    realjonahblake
  • realjonahblake07:15:26 AM

    From their audience.

    realjonahblake
  • barney961107:15:29 AM

    Pierre, can I say other thing?

    barney9611
  • allnick07:15:49 AM

    Oh, oh, damn. Can you believe the fighting words that went down there and nobody replied? They said they said, hey, appreciate that information, but we don't care. That was what they said that. How did that feel inside Jonah? Did you feel unheard?

    allnick
  • realjonahblake07:16:06 AM

    I was pissed I was fucking cause because literally I'm like, yo, they're telling. First of all, I wouldn't give a shit if they reskin, if they're like, hey, we love unreal, we love project lira, and we're inspired. And so we're building off of that. No, they were like, check out our new game where you could play the FTC. Like, bro, literally anyone could help with that.

    realjonahblake
  • allnick07:16:13 AM

    Smash them, you use some off the shelf elements to get it out to market quicker like some dumb suckers.

    allnick
  • realjonahblake07:16:18 AM

    Well, the be honest, they're beyond just be just be honest about it. That's all I'm asking. I don't care if you do it, but you know don't don't create bullshit.

    realjonahblake
  • allnick07:16:19 AM

    Uh.

    allnick
  • piovincenzo_07:16:20 AM

    Do you feel unheard?

    piovincenzo_
  • allnick07:16:22 AM

    So.

    allnick
  • allnick07:16:33 AM

    What?

    allnick
  • barney961107:16:33 AM

    I'll just gonna say did you see CEO's and and in game organizations get like 3 lives if they cock up? Is that why that guy had been there for so long? They get to come back.

    barney9611
  • piovincenzo_07:16:33 AM

    Good joke Barney.

    piovincenzo_
  • barney961107:17:05 AM

    And also the other thing just to go back to is that bee haven and what what I was saying about don't watch open. See obviously I watch open sea cause I'm trying to do trades day on day but I mean as as a bigger conglomerate don't like be fixated on it because you all you gotta do is just constantly look on the Downers try. I don't know full your time with gonna spaces going to projects going to in real life events. There's so much more in web. Three that you can do to broaden this whole space.

    barney9611
  • allnick07:17:10 AM

    You

    allnick
  • barney961107:17:12 AM

    Rather than maybe flipping PFP's or hoarding blue chips like there, there's so much more you can do, isn't there?

    barney9611
  • piovincenzo_07:17:40 AM

    Don't do it.

    piovincenzo_
  • allnick07:17:42 AM

    You can use stolen elements from off the shelf assets and and then sell those things for multiples of what you paid. That's the type of game that we're playing in NFT's people. So Jonah may be wandering the Street, Street is going to call you out on that game, but nonetheless, some of us are printing cash and other people are calling out the suckers for for selling some off the shelf assets. Remember, like don't don't be like pixelmon.

    allnick
  • allnick07:17:45 AM

    And make $70 million doing it.

    allnick
  • piovincenzo_07:17:56 AM

    Their hands in their pants. Is that an expression?

    piovincenzo_
  • realjonahblake07:18:02 AM

    And actually there there was one that was worse, so the gala games had a in and actually it's a good game. So it's funny that they did this, so gala games was caught with, you know their hands and their pants. They had the they, they they had, they had. Yeah, I don't know. I'm from the S right? Just relax, just relax, let me let me finish this statement.

    realjonahblake
  • piovincenzo_07:18:01 AM

    Well, with their pants down when Jonah gets caught, he's.

    piovincenzo_
  • realjonahblake07:18:04 AM

    So so.

    realjonahblake
  • allnick07:18:07 AM

    No, I I think I it's a legit statement. I think. I mean you wouldn't want to get caught with your hands in your pants. People would be like oh.

    allnick
  • realjonahblake07:18:09 AM

    Exactly, that's that's the whole thing. Just let me let me let me run it.

    realjonahblake
  • allnick07:18:12 AM

    OK, OK.

    allnick
  • piovincenzo_07:18:12 AM

    Not with your hands in your pants. Does that mean you were masturbating in a place you weren't supposed to be? Is that is that what we're talking about here?

    piovincenzo_
  • realjonahblake07:18:26 AM

    Yeah, exactly yes exactly so. Basically they had gullivers, which was like a big convention and they were like now that you arrived at Gulliver's. You all get an exclusive horse, and then a bunch of people from the game space are like yo, that's the same horse from the unreal marketplace, and they were like.

    realjonahblake
  • realjonahblake07:18:29 AM

    Nobody said anything.

    realjonahblake
  • realjonahblake07:18:34 AM

    That you traveled to Europe for a horse that you could get on unreal for like 10 bucks.

    realjonahblake
  • piovincenzo_07:18:41 AM

    Well Joan, obviously you're you're takes are always appreciated. I'm like coming down from laughing so hard at.

    piovincenzo_
  • allnick07:18:45 AM

    But PO's literally never heard getting caught with their hands in your pants. I feel like.

    allnick
  • piovincenzo_07:18:47 AM

    I thought it was caught with your pants down. Caught with you.

    piovincenzo_
  • allnick07:18:49 AM

    These are there's multiple things you can get caught with, OK?

    allnick
  • realjonahblake07:18:50 AM

    Ohh yeah, maybe that's what it is. It's either way. Just don't get caught.

    realjonahblake
  • realjonahblake07:18:55 AM

    You're right, it's it's early morning. Yeah, yeah.

    realjonahblake
  • depechenode_07:18:57 AM

    Just say caught red handed my goodness I can't like walk around my kitchen anymore. My kids are around you know what I mean? We gotta be I gotta be careful.

    depechenode_
  • piovincenzo_07:19:06 AM

    Yeah.

    piovincenzo_
  • allnick07:19:27 AM

    I I was as I as I threw out an F bomb there. I did think about it and I was like no kids are probably nearby and and I've just there. I'm sure there's other people with kids who are around and they're just like man y'all got to stop acting like that. I need to. I have to use headphones I'm a meet someone at a in person event. They're going to be like I've been explaining to my children what this what this language is, even what why I listen to this thing and why I'm even participating.

    allnick
  • piovincenzo_07:19:36 AM

    Well, look.

    piovincenzo_
  • allnick07:19:41 AM

    And I I need to keep making excuses for this. And now now PO's out of here explaining what caught with your hands in your pants means his own version of it. But that's one interpretation, you know, that's one interpretation of it.

    allnick
  • depechenode_07:19:44 AM

    Maybe some guys just have an itch. You know what I mean? Like it could be simple as that dude.

    depechenode_
  • allnick07:19:49 AM

    Exactly. That was what I was thinking. P is like being like, don't get caught. Like a pervert in the theater.

    allnick
  • piovincenzo_07:20:00 AM

    Indecent exposure man. So look I I know that node is like really wholesome, you know, but this show was X-rated man yeah you know so.

    piovincenzo_
  • allnick07:20:06 AM

    But but

    allnick
  • depechenode_07:20:16 AM

    I did. I, I do. I've got Nick, seen it, I've got my crypto shed and I just sit in it. But this morning I I literally did. My daughter walked up to the phone. Anytime they see the show, they hear it. They like, run up to the phone and like every five seconds. I'm like, don't worry, kids, these guys are great. They just say bad words sometimes.

    depechenode_
  • allnick07:20:22 AM

    So literally like we lost 100 people while we were having that conversation, and those people were all parents.

    allnick
  • allnick07:20:26 AM

    I just want you to know that.

    allnick
  • rocinantecptl07:20:36 AM

    Yeah.

    rocinantecptl
  • piovincenzo_07:20:37 AM

    OK, we gotta have fun. Sometimes ladies and gentlemen, I hope you're enjoying the show. Look I'm gonna throw to Marco. And then I got it here from the whop the whop man whoppie Marco what's on your mind?

    piovincenzo_
  • rocinantecptl07:20:51 AM

    So this one's, I think, for for node and for you guys too. I don't. I don't know if I remember us talking about now, it's down here, but a very important question. Tomorrow is they're going to release nouns for noun 420.

    rocinantecptl
  • rocinantecptl07:21:01 AM

    I think today is 419, so they've you guys know the project. They release a noun every single day and they consistently go for like.

    rocinantecptl
  • sgsand107:21:31 AM

    2.

    sgsand1
  • rocinantecptl07:21:33 AM

    I don't know 68th plus every day and I'm I was just also thinking about that when we're having the conversation about RNT is overvalued or not. Like, yeah, there's a tiny collection as it currently stands, with only 419 being released or I guess 418 they look sick. I really want one in it. Earlier I was scrolling through the audience and I saw like this girl had one and I was going to ask her how much she got her for. But what do you guys think this is going to go for? And and like what should w

    rocinantecptl
  • rocinantecptl07:21:41 AM

    Ohh.

    rocinantecptl
  • sgsand107:21:43 AM

    So noun 420 is actually going to the developers. So every 10th noun goes to the developers rather than being auctioned. So noun for 20 will not be auctioned.

    sgsand1
  • rocinantecptl07:21:46 AM

    Oh, good point.

    rocinantecptl
  • piovincenzo_07:21:47 AM

    There there you have it.

    piovincenzo_
  • rocinantecptl07:21:49 AM

    But I guess for the price in general then for this collection?

    rocinantecptl
  • sgsand107:21:50 AM

    The.

    sgsand1
  • depechenode_07:22:20 AM

    Yeah, I mean I, I just have. I know that for the first time in a while, they're actually selling for less than punks, right? So for months they've been selling for well over a punk. A lot of OG's in the space absolutely love the nouns I. I think it's very, very cool, like the the Treasury is now massive, and and I I would like to see them maybe be a little bit more creative with that treasury, but my my big concern is just like it's not overly, you know, because there's only there's only so few.

    depechenode_
  • rocinantecptl07:22:38 AM

    Yeah.

    rocinantecptl
  • depechenode_07:22:42 AM

    It's it's harder to kind of hit that mass market appeal so quickly. So I mean if you're in it for the long haul and you you love you know, you love the space, I think nouns are awesome. But I I won't be buying one anytime soon. I mean there's it's it's still just they're too high for me but I think they're very, very cool. I I'd consider a little noun eventually if price keeps dipping because I think those are also you know a lower price point.

    depechenode_
  • rocinantecptl07:22:50 AM

    I just wonder if like the constant dilution will like eventually kill the price of the whole collection or if the first ones remain valuable.

    rocinantecptl
  • sgsand107:23:02 AM

    So now we don't don't really have dilution because what happens is their treasury grows every day when they sell the noun. And so you got to look at as as known mentioned like the nouns treasury is 27,000 E which is $44 million.

    sgsand1
  • rocinantecptl07:23:03 AM

    Yeah, it's like more like a Dow, right?

    rocinantecptl
  • sgsand107:23:22 AM

    And so, like nouns are essentially synthetic heat exposure. If you have NFTS because they tend to just like go between 60 and 88 very consistently because that's about the like pro rata ownership of each noun to the Dow. If you just like and and they don't really spend or convert their eat that much.

    sgsand1
  • rocinantecptl07:23:25 AM

    So what is like the long term?

    rocinantecptl
  • rocinantecptl07:23:38 AM

    I'm sorry, Nick. I see you have your hand raised, but what is like the long term goal of the Treasury? Like because you, you know, it's ownership in theory, like with the Dow, you have to share, let's say, but what?

    rocinantecptl
  • rocinantecptl07:23:45 AM

    Right.

    rocinantecptl
  • piovincenzo_07:23:47 AM

    Treasury is such a weird term in Web 3 because I'm like, is this a business? Do you mean balance sheet? What exactly is the Treasury?

    piovincenzo_
  • piovincenzo_07:23:51 AM

    A double OK.

    piovincenzo_
  • allnick07:24:15 AM

    But a treasury is more is only the term used for the balance sheet for like Dow. So if it's not, if it's not under the control of an like a corporation, if it's a corporation, then it should be referred to as balance sheet. And the whole idea of a treasury is basically that there's a collective involved with it, I think is the reason that it's been used in that in that form. The thing with the nouns, I'm sort of wondering why. Well, also they they held it in eat, so that was actually a big issue

    allnick
  • allnick07:24:46 AM

    Because and also then there was questions about taxes to be paid like and also whether or not you get into issues of whether or not this is a mutual fund, because there's a limit on the number of people that can participate in a fun. I think it's I don't remember the exact number. It's like 99 or something, some some number in that range which, if you have more than that, it's considered a mutual fund. Now I don't know how they're getting away with that in terms of this Dow, the argument is this

    allnick
  • allnick07:25:17 AM

    So there's nothing you can do about it, but I don't know. I I think nouns are an interesting one from a visual standpoint. It it doesn't hold the same weight as a crypto punk, but that they've tried to brand the glasses. I think the comment about them doing more with the Treasury is definitely interesting that what what actually I would say is rather than what they're doing with the Treasury. There is a massive, massive, massive opportunity right now for people to get access to capital and it's

    allnick
  • rocinantecptl07:25:19 AM

    Right?

    rocinantecptl
  • allnick07:25:37 AM

    Proposals going into most of these doubts now it's included aped out and there was a bunch of others that have hundreds of millions of dollars that are sitting around in these Dows that are not being deployed primarily because people aren't coming up with good ideas to put into it. I think we could see a lot of funding take place through that, and there's. There's a huge opportunity.

    allnick
  • allnick07:26:08 AM

    Uh, just via those and and if you're like in the space and you're trying to figure out what to do. I mean I I think of this as to like back towards grants. But the stuff that people are deploying the capital for like now on staff for example, it's going to like billboards on top of the donut shop in LA. So if you think that you have a better idea than a billboard on top of a doughnut shop, which I can guarantee you do, then I would suggest you know reaching out to someone who's in one of those D

    allnick
  • allnick07:26:15 AM

    The capital, because it it seems crazy to me some of the stuff that that this capital is being utilized for.

    allnick
  • rocinantecptl07:26:16 AM

    Yeah.

    rocinantecptl
  • piovincenzo_07:26:45 AM

    Knowing the NFT space, I'm I'm not surprised at all that they were like a billboard on top of a donut shop like I'm. I'm just. I'm just not surprised Wopi you made a bunch of money during the bull market. I've noticed that you've sold like all your NFT's you've been listening to this show. I think for the whole episode, I'd love to know what you think about you know what we were talking about with where we're at in the market, what the near to medium, future kind of feels like what's on whoppie'

    piovincenzo_
  • wappy_eth07:27:12 AM

    Like before I get into that, I just want the noun point. Like the nouns are using that Dow to expand like their influence in the culture. I mean they're building like an esports team. They're building a few other like brands. So I think the point of that Treasury is going to be expanding the like knowledge of nouns into a bigger, like mainstream audience. And I think like to Nick's point about all this stuff, he's worrying about get fucked, it's Unchained. So like I think that's the kind of like

    wappy_eth
  • wappy_eth07:27:33 AM

    You know, I just, I kind of like the noun project, but I'm hesitant to buy into it because I think like as they keep issuing the nouns, the thing that has to happen there is price compression because like there's only three or 400 now, but what happens in a couple of years when there's 1000 or a few thousand of them? Are we still going to be selling them at like 108th? And that's right.

    wappy_eth
  • _thesignal07:27:51 AM

    So so just on that point that they're there has been a proposal on the. I think it's on the little known side that to cap supply after a certain amount. I'm not, I'm not up to date whether that proposal has gone through, but it's definitely something that the community is talking about, because it will be an event that happens in, say, the next three years.

    _thesignal
  • rocinantecptl07:27:53 AM

    That's interesting I.

    rocinantecptl
  • wappy_eth07:27:59 AM

    But does little nouns have any impact on the full nouns? Because I thought the full nouns was the plan of when noun forever. That's like a big part of what they are.

    wappy_eth
  • _thesignal07:28:11 AM

    So on so on big downs, I'm not sure, but on little nouns I know, that's that. That it is a proposal, and little nouns are an unofficial project of nouns, but big nouns support little nouns.

    _thesignal
  • rocinantecptl07:28:21 AM

    It would be interesting to see if you get more secondary sales launching a project if you just launch all 10K at once, or if you just do a slow drip of 1 a day for 10,000 days.

    rocinantecptl
  • piovincenzo_07:28:33 AM

    A lot, yeah, I mean a lot of different factors at play whoppie now that you've addressed the announced thing, what are your thoughts on just kind of where we're at with the FT market and then we're gonna wrap the show.

    piovincenzo_
  • wappy_eth07:29:03 AM

    I mean, I think it's kind of like a similar thing with the NFT market is. I've felt this even during the bull market. It felt like a lot of stuff was moon Shotted and thrown into like a value bracket where it didn't belong and so I'm not sure that a lot of this stuff will ever go back to all time highs that we saw. So I think people holding on to that and saying like well it was here before I can go there again. I think the only thing that you have going on your side for some of that stuff is.

    wappy_eth
  • wappy_eth07:29:18 AM

    The low supply in NFTS? If it wasn't for the low supply and NFTS, I don't think there would be like any hope for like price appreciation on some of this stuff, so I think for me it's price compression on most of the projects. As we keep going and especially as we're in this like.

    wappy_eth
  • wappy_eth07:29:26 AM

    Phase where people are cautious to deploy capital. Because if you haven't made a ton of money in the like crypto space.

    wappy_eth
  • wappy_eth07:29:31 AM

    You're not already in the crypto space or the NFT space and you're looking at it.

    wappy_eth
  • wappy_eth07:29:56 AM

    Macro Market doesn't support coming in and throwing a bunch of money at it unless you're just sitting on a ton of money. So I think that's going to bring like cut price compression and until people are really feeling better about deploying capital, I think that they're gonna kind of be in this like zone that we've been in where you know there you get a pump here every now and then, but people are overall going to be like mostly cautious and kind of at each other's throats a little bit as like li

    wappy_eth
  • piovincenzo_07:29:57 AM

    And So what?

    piovincenzo_
  • depechenode_07:30:10 AM

    I love that word dude, price compression, beautiful word dude. Thank you woppy. The only class you have here because I can use a different term price compression beautiful. I almost bought your moonbird by the way but I decided not to but I was close wappy very close.

    depechenode_
  • allnick07:30:11 AM

    Uh.

    allnick
  • piovincenzo_07:30:12 AM

    That would have been that would have been epic. Go ahead, nick.

    piovincenzo_
  • allnick07:30:37 AM

    I was gonna say this episode brought to you by noun style, literally one of the best projects in the world. Check out nouns down. We'll be submitting a proposal for full blown sponsorship moving forward. Thank you to nouns for your participation and massive contribution to the NFT space. We're not questioning anything about the legality of mutual fund or any of that nonsense. I'm going to shut my mouth about that from now on, thanks to us being paid.

    allnick
  • piovincenzo_07:31:09 AM

    Were paid by now is now, ladies and gentlemen. Uh, Whoopi, so on one thing that you said, you said, you know, you talked about a, a topic that keyboard monkey has weighed in on when sugito, you know, Sergio Silva came on our show, I believe it was either last week or the week before I asked him about this. And that's the topic of saying that crypto punks and board apes specifically, right. You could say the whole NFT market, but let's just take crypto punks and board apes specifically. We'll nev

    piovincenzo_
  • piovincenzo_07:31:40 AM

    Scenario you can kind of be like never again. You know I'm a bear. They're never gonna hit it again and you kind of look like a badass, right? Crypto punks are in $125,000 floor right now and the all time high for floor was sub one sub at half $1,000,000. Nick would know better than me the actual all time high for the floor price, but like in a bear market where only you know we're 25% call it or actually probably 3030% or 33%.

    piovincenzo_
  • piovincenzo_07:31:52 AM

    Off of that, all time high, do you think that crypto punks and board apes specifically can hit those all time? Highs again if you think out 15 years 20 years, do you think so?

    piovincenzo_
  • wappy_eth07:32:23 AM

    I mean, I tried to word it to where I said most of it, not all of it. I think probably like with the way things look right now. This is where it comes back down to the supplies on these things and these supply on these things isn't like shitcoins where you have 1,000,000 or billions of them. There's usually 10,000 or 20,000 or less, and so I think like that's where you know if crypto punks can stay relevant. If board apes don't fumble anything if they you know just nothing bad goes with them and

    wappy_eth
  • wappy_eth07:32:43 AM

    The Miami Clubhouse and Pang you know, amount of money that most people think is a stupid amount of money to do it, but there's going to be a group of wealthy people out there who want to flex on each other and you only need 10,000 of them or less to kind of do that. So I think there's a chance that some of these projects do get back up there, but I think when you look at some of this stuff in like dollar terms like.

    wappy_eth
  • wappy_eth07:33:15 AM

    If he starts to run again, and we're valuing in FT's and he still like, will you see cool cats and like doodles, get back up to like 25 plus Earth without anything really changing here. And when you put that in like a dollar value, it starts to look at like forty $50,000. And if you're looking at like you need new people to come in, you need people like the Penguin buyer to come in and start spending that kind of money. And if you can't convince a normie to come in and see, like, oh, I'm buying

    wappy_eth
  • wappy_eth07:33:26 AM

    Point and macro that we're not really sure like I just I don't see those projects going back up if we're going to take like a 20 year timeline look like maybe they have a chance at doing that, but I think like it's.

    wappy_eth
  • wappy_eth07:33:45 AM

    It's it's almost like you're trying to pick like where the bottom is going to be. If you don't already own these assets and you're trying to like look at buying them, you're trying to catch the knife and you don't know if it's like we might be at bottom now, but we might capitulate lower and you might end up holding something that you could have bought like a couple months down the road cheaper, and if your goal is to hold it for 20 years, then.

    wappy_eth
  • wappy_eth07:33:59 AM

    You know, I don't know. I'm just not a 20 year like investor. For most of this stuff and I think the only way I'd get there is if I was holding some of like the Grail art that like maybe node has or some of the other people. But yeah, that's just not what's in my wallet right now.

    wappy_eth
  • rocinantecptl07:34:23 AM

    Wappy that's that's what drew me to the show. Also just recognizing PO from in life. But yeah the the trader mentality was what got me good because with these things, they're so new. You know, I never, I never planned on investing in anything. The only ones I'm still holding are the ones I got stuck with that I can't sell for double what I got them for and so I'm just pissed off and just sitting with them. But you you want to trade these things, not date them.

    rocinantecptl
  • piovincenzo_07:34:24 AM

    It.

    piovincenzo_
  • rocinantecptl07:34:26 AM

    Right, data. Datum. Don't. Mariam, what is it saying? Yeah.

    rocinantecptl
  • piovincenzo_07:34:27 AM

    Yes.

    piovincenzo_
  • rocinantecptl07:34:47 AM

    Yeah.

    rocinantecptl
  • wappy_eth07:34:55 AM

    But I think, like, where I see NFT's going is like, there's gonna be a wave of legitimate people. And I think, like, what's going on with the Pudgies right now, that's maybe an example of it. And you'll see if that team executes or not. But there'll be more real people who have real business experience, who want to build real value and utility into this stuff. And there will be a point where the price matches, whatever that is. And I think that's when the market will really come back. But I don'

    wappy_eth
  • rocinantecptl07:34:57 AM

    Yeah, what's your favorite Beanie baby currently?

    rocinantecptl
  • wappy_eth07:34:59 AM

    The Princess Diana one of course.

    wappy_eth
  • piovincenzo_07:35:31 AM

    There you go. Well, ladies and gentlemen, that's our show. We appreciate all the speakers, especially woppie making an appearance for the first time in a while. Whoopi, you know you're always welcome buddy. Check out the show Monday through Friday, 9:00 AM to 10:30 AM. You can also check out our YouTube shows. You can check out easy Solana focus show that happens at 5:00 PM Eastern Monday through Thursday. Shout out to our sponsor FTX. You can sign up at the nifty.com/FTX or with the code. The n

    piovincenzo_
  • piovincenzo_07:36:02 AM

    On FTX then, you'll get $20 air dropped into the account. Make sure you follow everybody. Follow signal she writes our newsletter five days a week. Follow kicks. He's the CEO of a crypto gaming company, so you know he ain't going anywhere. Follow Jonah, he is the best single researcher that I know in the NFT space. He mostly researches crypto gaming stuff, but I bet if you sync them on some other stuff you can research that too. Follow whoppie. He's a traders trader. He made a lot of money in th

    piovincenzo_
  • piovincenzo_07:36:32 AM

    Money that didn't make money. Trading board apes follow Spencer. I've been alluding to some updates. You're gonna hear him from Spencer in the next couple of weeks. You're gonna wanna pay attention to that follow node. The original wholesome sophisticated art speculator has some of the best NFT's, probably the best NFT's on stage. Follow BAV and he runs a fun. He's someone you want to follow. You already know. Follow Marco also known as Rosinante Capital full-time trader. That's a good person to

    piovincenzo_
  • piovincenzo_07:36:40 AM

    Follow Jesse, he's the funniest lawyer in the game and follow Emperor JPEG dot E. That's a pretty good ENS domain. I will.

    piovincenzo_
  • emperorjpeg07:36:41 AM

    Thank you, but not too closely guys.

    emperorjpeg
  • piovincenzo_07:36:47 AM

    Not too closely. We will catch you guys tomorrow morning. 9:00 AM Eastern Time.

    piovincenzo_
  • piovincenzo_07:36:56 AM

    From 10:30 we're not going anywhere. Check out our FT that's pinned to the top if you wanna buy something people are actually fucking working on. See you guys tomorrow.

    piovincenzo_
  • piovincenzo_07:36:58 AM

    Baby.

    piovincenzo_
  • piovincenzo_07:37:00 AM

    And not just like enough.

    piovincenzo_
  • piovincenzo_07:37:04 AM

    You

    piovincenzo_
  • piovincenzo_07:37:07 AM

    yeah.

    piovincenzo_
  • piovincenzo_07:37:10 AM

    Cash?

    piovincenzo_
  • piovincenzo_07:37:17 AM

    One in New Orleans, raised in New Orleans. How would forever remain?

    piovincenzo_
  • piovincenzo_07:37:22 AM

    Thank you New Orleans. Thank you. Alex has been.

    piovincenzo_
  • piovincenzo_07:37:28 AM

    I used to come through the wood on the handball.

    piovincenzo_
  • piovincenzo_07:37:32 AM

    And withdrawals money in my pocket.

    piovincenzo_
  • piovincenzo_07:37:35 AM

    You don't dissolve.

    piovincenzo_
  • piovincenzo_07:37:46 AM

    Young and quick to go off like now the young keep his mind on the promise your mother ain't eating like a Roman dog.

    piovincenzo_
  • piovincenzo_07:37:48 AM

    It makes you feel.

    piovincenzo_
  • piovincenzo_07:37:52 AM

    Chromosome got some money? Put my whole damn corner on.

    piovincenzo_
  • piovincenzo_07:37:59 AM

    Three on the cornerstone. Eagle Street keeps going to your home song and now I'm just like, you know.

    piovincenzo_
  • piovincenzo_07:38:18 AM

    Get.

    piovincenzo_
  • piovincenzo_07:38:21 AM

    Cannot.

    piovincenzo_
  • piovincenzo_07:38:25 AM

    Can that kick my story go?

    piovincenzo_
  • piovincenzo_07:38:35 AM

    God of fate them a flow. I pray that I go with no other rapper has it. When you're rapping as vivid as I, you're limited, sky.

    piovincenzo_
  • piovincenzo_07:38:40 AM

    Study to be a bang. Tupac humiliate and soldiers.

    piovincenzo_
  • piovincenzo_07:38:48 AM

    Not to follow greatness and give these MC sale like they all atheists tell them mate and make this one.

    piovincenzo_
  • piovincenzo_07:38:49 AM

    In the matrix.

    piovincenzo_
  • piovincenzo_07:38:53 AM

    Keep the paper running like a pair of aces.

    piovincenzo_
  • piovincenzo_07:39:01 AM

    Snake, no laces, straight polo 5 black durbo.

    piovincenzo_
  • piovincenzo_07:39:09 AM

    I used to have the starter jacket with the logo and had me myself I had in oh this to say Snickers.

    piovincenzo_
  • piovincenzo_07:39:32 AM

    Yeah.

    piovincenzo_
  • piovincenzo_07:39:47 AM

    It's little Wayne I'm shining right now. Nothing is clear without me signing my name. I'm just headlining. The game won't quit until I'm a riding the game day riding.

    piovincenzo_
  • piovincenzo_07:39:53 AM

    Then the game of misplaced. The key to the lock to change my spot remained.

    piovincenzo_
  • piovincenzo_07:40:09 AM

    Thing a cranberry, it's murder, she wrote. Like Angela Lansbury. I remember being small man new toys when my Mama, when the car game got my guest before Christmas, didn't have to wait for him. I had a 10 speed school and skateboard.

    piovincenzo_
  • piovincenzo_07:40:22 AM

    Suburbs me and little tight Johnson was love first. Oh man in the Sweatfield born again. I'm in the building like the audience just lighten up my.

    piovincenzo_