For the next 10 more minutes, I keep me in that I created history. It made me a lot. He tried to diss me and you know Fox we call him chastity they're gonna talk to God the father because I went in like like we got it all.
Good morning ladies and gentlemen. It's Friday's last show of the week. This is the NFT morning show. We do the show Monday through Friday 9:00 AM to 10:30 AM each and every week where we discuss all things NFT market which projects.
To work in which projects are just straight up hurting and all of the stories of the NFT space we've been talking about a lot of juicy topics this week. The fine art world, the current state of the NFT market, the crypto markets, and where we're going with that, as well as some of the macroeconomic conditions that have been informing the market activity at today's show, is sponsored by the Haas Brothers and specifically their NFT projects called Multi Beast.
So make sure that you retweet the tweet that's pinned to the top. That'll give you a chance to win one multi beast. NFT really, really excited to dig into this one later in the show. If you don't know the hospitals are, you might want to Google them. In the meantime, get a little bit familiar before we dive in because it's going to be a good convo. And as always, if you enjoy the content, you can check out the links that we have posted to access other things like our podcast or YouTube and every
50 Nick King kicks signal. Unfortunately, will not be able to make it today. She is traveling and we have some of our badass speakers. Quad Benjamin and Spencer Gordon sand. Here's easy. I'm gonna invite him to co-host too. So before we dive into it I just want to see Nick. How's it going?
It was I, I feel like I was following in my own head or like creating like hype within my own head as I like went in and made a purchase which is kind of something that's happened on a consistent basis for me, so I don't know if that's a good thing, but we'll we'll discuss that. And then yeah, I'm just watching the markets. Well so far it's dumped as a result of this jobs report, which was super hot.
With what was something like four times the numbers of the the expected numbers are some, some crazy or at least double in terms of the amount of jobs added, despite the fact that we're in, quote UN quote, a recession so that.
Alrighty, well, yeah. We're definitely gonna talk about that. That jobs report. I'm sure Spencer will have some opinions on that. Trying to add easy right now, but King kicks. What's going on in your morning? It's Friday man. It's been a good week. How you feeling?
Feeling much better today. Got some good sleep last night. Got my my family got like a cold or something yesterday the day before so I was just going through that. But yeah man, it's Friday feeling great. Got some plans later in the afternoon dude. So I'm feeling good. How about you?
Ohh feeling great man yeah your weather report yesterday was a little bit different in the sense that I could tell that you were just struggling with that. That little bit of a a bug that you had. So I'm glad that you've gotten over that. And of course it'll be back-to-back weather days for you today considering signal is not around today. So obviously I'm excited to hear what you cooked up. Easy, you actually made it to the stage. I hope I don't speak too soon. I'm trying to invite you to co-ho
Yeah, just like shut off yesterday I started it started talking. It was time to kind of perfectly though because an individual on the Solana show changed their picture to an EPFP and we were talking about it and then the space rugged so it was fitting but.
Well, looks like Elon dodged a bullet by not buying it. I added Spencer today. He couldn't mute node, got rugged. It looked like you already got rugged, so we're definitely off to a good start with Twitter spaces, ladies and gentlemen, this is this is the glorious life of being a Twitter spaces host is just dealing with technical issues after an update that nobody asked for. Got rolled out. But anyway, we don't have to harp on Twitter spaces from a technical perspective or Twitters inability to
Moon birds is is getting battered right now. It looks like it's at 15.85, so it's down like 15% over the past 24 hours. Doodles are hovering at 9.4, so just shy of 10 E and clonex, making a little bit of a move up. 10% move up from an 8.3 eighth floor to an 8.9 E floor. Apparently there was a big sweep that is the big cause behind that.
Punks continue to lead the open sea ranks over the past 24 hours, they've had 40% more volume than eighth in. Today is the Tiffany public Mint expectation is the collection will definitely sell out, and there's actually been two secondary sales. Kevin Rose announced that moon birds is going CC, zero. Discord and Twitter have been fueled with the debate over the past 24 hours.
Dislikes the move while Punk 6529, of course fully supports the move towards CC zero. I'm sure we'll talk a lot more about that on the show today. The Ledger NFT is up in volume and price after two big sweeps on the Genesis passes. Umm, they have their marketplace coming next week. Floors on the passes were hovering around that 0.5 ETH range for a while, and now they're trading at or above.
10 KTF announced they are partnered with eight coin holders who were part of the January snapshot. Staking tools are participating in Battletown will receive some eight coin. The claim for ape starts tomorrow.
And then lastly, looking over at the crypto area, Bitcoin is trying to hold 23 K. Looks like it's probably going to Pierce below that, etherium with much more relative strength over the past 24 hours. I'm sitting at 1676, but both are reacting to the jobs report that just came out earlier this morning, but that's it for Fridays, August weather report.
Fantastic weather report. You sound a lot better today kicks just to add to it some points from the nifty Daily Digest which is the newsletter that signal writes for the NIFTY five days a week. If you go to thenifty.com, you can pop your e-mail in and subscribe for it a coin base and BlackRock have partnered together to give institutional clients access to crypto, so even though we're in a bear market, you're continuing to see more and more institutional.
Adopt adoption, in this case institutional partnership concerning the Cryptomarkets meta, also known as Facebook, has started to roll out NFT's across 100 countries after also integrating with Coinbase's wallet and dapper digital artist AKA NFT artist. Our very own Amber Victoria took over Instagram's account to share her learnings at Web three. So you're seeing a very deep integration between Instagrams.
Instagramfacebookandweb3thenft.com domain has been sold for 15 million bucks. That's a lot of money, making it the largest publicly reported domain name sale of this year totally sounds like NFT's are dead though. And last but not least, holiday. The web three startup raised $6 million for buy now pay later Etherium NFT's so we're seeing a lot of news.
In in, just like the NFT and crypto worlds, whether it's adoption from big, you know tech magnates like Facebook or big domain sales, biggest of the year or institutions figuring out ways to partner with crypto native companies to get implementation going. So even though it's a bear market, there's no shortage of positive news events for the space. Diving into the show look, we got easy with his hand raised Spencer with his hand raised. Let's start off with.
And and actually easy before we throw to you just a reminder everybody. Today's show is sponsored by the Haas Brothers. If you want a chance to win one of their multi beast NFT, that we're going to be giving away at the end of the show then retweet the tweet that's pinned to the top and follow the host brothers on Twitter and we will be diving into that project later in the show. Definitely going to be a good one so you don't want to miss that. That's one that you're going to want to win, so mak
Not much, just change my profile picture. Huge fan of the CCO movement. Uh PO you can now have any moon bird that you want. It's a little bit better price action on this as well. You can just right click save it. I'm I'm excited for the change. It's clear that investors are not though offers are getting accepted at 16 right now. I'm curious what people think about the CR argument here.
I did not expect the beginning of this show to be a back and forth between easy and quad over moon birds. I think that this is a buy the dip opportunity for moon birds for sure. Like it's interesting that the market just says, oh, you know your announcement is CCO, we don't. We don't like that at all. I don't know Nick, anybody else? Do you have any thoughts on this on this, you know?
Well, it was. It was one thing which was basically the fact that they had said that it wasn't and that you had commercial rights to your NFT and then they just switched it. That was the biggest I think frustration and why some people were selling it because it's like we're the next board ape. Just kidding, we're different. We're CEO, so they went from board ape to nouns. It was essentially what what went on there I I ended up doing a poll.
On my profile to see what people thought about, like whether or not this was a net positive or a net - 56%. And this is a perfect polling as the team our team has a, you know, polling statistician, so that's not biased whatsoever. But 56% of people thought it was a bad thing. 44 thought it was a good thing.
I was like man, I could see a lot of collections actually just leaning into this and going full blown Co and Kevin Rose last night on the was hopped on a stage with Farooq who had a space going at that time.
Verify that you actually own this trademark. That's one that's like an obligation that you suddenly take on, and it's not cheap and you end up then. Also, having to like he was saying he used the AI moon birds as an example of something where he was like I didn't want to call those people and say you have to stop using this, but literally our lawyers are like people can't use your name. One person just said that you can't use the name. I based on what he said there was there. It sounded like I h
Ambiguity about that. At this moment in time. But yeah, you can slightly modify it, but the degree to which that exists like that, that's a whole other question. But outside of that, I think the biggest reason for the sell off is literally just like the mixed perception of I own this asset now, what's not clear, and this is something that why this is such an interesting thing to see. Play out in real time.
That clear outside of people that are like emotionally frustrated about the fact that it felt like they got one thing and and instead got another. It's not clear how many people actually utilize these assets truly and exploit them for their commercial rights. Like if someone right now stole my PFP and made it theirs. They don't own it, but there's people that can do it theoretically like I can't stop them from doing that. Doing that, am I going to hire a lawyer to like defend the fact that like
I mean, yeah, I get that it is. But now it's like an obligation on me. The person that bought that NFT, which is a whole other can of worms that I got to deal with now. So I don't know. It's it's really interesting to see it's not clear where this plays out, and I think it's going to take a longer period of time to actually see it manifest. I'm like I can go both ways on this, so I'm sort of middle of the road on it.
It's not. It's unsurprising to see this dip to a certain degree, primarily just because it it it's a bad leadership image, and I think that it's something that took. There's a lot of people that are saying, yeah, no, it's all good, but that was the same way when like punks would do something last year and the punk owners were like No, no, no, no, no no, that's all cool. They have a bigger plan when they didn't but like so so so so.
Yeah, and and and and so yeah, split between people defending the the the management and despite the fact that they just got basically raked over the coals and then those who are like. Nah I'm pissed off about this and like feel comfortable articulating that and then some subset they're like. Well I'm going to dump this as a result.
Yeah, well I was I was gonna say like the people who this is the worst for isn't anyone who like was really who is like building a brand around their moonbird. So like anyone who might have bought a moon bird to like make their ice cream company but like good thing that moon birds are so ugly and no one was doing that anyway. So like does this really impact anyone like I mean why C0 have heard the project that nobody wanted to use in the 1st place? Oh.
Do you know I I've switched to King kicks is a refresh on a moon bird. Now I've joined easy but the the real. The real question here is if is if did you do easy and I now get the like heralding every time we talk or is that utility only saved for the on chain birds?
There's a fundamental well I'll give you my I'll give you my opinion but there's but there's a lot of just what's going on that regardless of anyone's opinion. Regardless of your beliefs in CCO or whatnot, the fact is that MFT's are essentially property web. Three is about ownership, and when you buy property similar in the real world, the rights should be defined at the time of purchase, and right now it's happening. Those rights are being changed.
After purchase, so imagine buying a house and then the person you know who sold you. The house is like hey, by the way I'm going to. I'm going to change the countertops that we we both agree to like. There's already enough precedent that you actually cannot do this because you're changing the commercial relationship between the community and the creator. So if you're doing that and it materially changes this because you could imagine someone could have a moon, bird could have had a viable busine
Of that specific asset and the value of that asset is being subjectively changed by management. So either it's considered a security or it's not. You can't have it both ways, and what's going on now is very similar to what is going on in the Web 2 space where you know you're you're accessing content, you're accessing Facebook, Netflix via a subscription model, where in order to gain access to that content, you have to agree to the terms of service they farm out your data, blah blah blah. We all
It's based on ownership and ownership. There's a a fundamental paradigm shift, so the fact that people can change the rights of my asset after we have already agreed is a significant issue. Which brings up, I mean, enforceability issues in the space just in general because.
People don't even see the contracts that are associated to the assets when they're buying them on. You know third party marketplaces, so it's just pure chaos because you can't even prove people are agreeing to the contracts. You know I'm on open sea, I'm agreeing to opensees terms of service. I'm not actually agreeing to the you know moon moon birds contract at the time of purchase so that contract is already rendered moot and completely ineffective, and a lot of lawyers are starting to talk abo
Some of the issues we've seen with Seth Green Board, APE and and and some of the IP right but just there are a lot of fundamental issues around enforceability that that don't exist in the space, and I think it's going to be one of the biggest bottlenecks to growth in the FT space because you know utility all of the the the, the ownership rights are defined in these contracts, and if those contracts are not enforceable then you're setting yourself up for for failure.
Man, it's fascinating when you, when you kind of lay it out like that, and I wonder if this is something that could ultimately be because, you know, because of the significance of moon birds. This isn't like, you know, this is a top five NFT project. Objectively, what would you think that there's? Do you think that there's any situation where Kevin Rose could potentially, you know, be brought to court or some sort of could an example be made of this? Anything like that?
1000%, I mean, look at what just happened with board ape, you know, Board APE sold their things. They're they're sort of the the bastions of giving ownership rights to the community. Which which I think is amazing. It's sort of set. The trend. That's I mean that's my own personal opinion. CCO or not, I do think there's value there as well. The issue is, you know, board ape is now a billion dollar industry. You start, you started to see what the land sale. Hey, they added KYC, right? To sort of.
Limit their own liability, but once again, a lot of it is sort of superficial and slight of hand like what is the point of utilizing KYC? If I KYC buy a land and then on open sea, I can just sell my asset to someone who's not KYC. The whole thing is is effectively moot, and now the SEC is going after them so.
This you know this happened in the IC O space where people are like Oh no, there's nothing to worry about. It's you know these aren't securities and stuff starts to get regulated, it it it causes a lot of choppiness in the short term, but.
Yeah, no. I mean that's also a lot. A lot of us to do with the the acoin as well, which you know tokenomics does complicate things and gives gives a more Direct Line of sight because I think the SEC already has regulation around issuing currency that could be traded on exchanges for tangible economic value, but.
It's just I mean fundamentally, like you don't need to be a lawyer. It's like if I buy something, we agree to what I can do with my asset. You know what I can or cannot do, and then if you change what I can or cannot do with my asset.
That I should have to agree to that change. You know, like that's that's sort of a fundamental right when it comes to property, whether it's for whether it's good for me or bad for me, I should have a say in my own property.
Just a point of clarification though, is that the lawsuit, the class action lawsuit is not from the SEC like those are separate points that potentially the SEC is going after you, but the class action lawsuit is from the law firm Scott and Scott.
We had a 16 Z that published a piece. I think it was flash wrecked in a. I remember their name. It was a Harvard Business School professor talking about CCO and why CEO is going to be the future for NFT.
Spent $7 million on a piece of art that is now CEO. So I mean, I think we're definitely heading into, you know, the unknown and and and exploring like a completely new thing with CCO it could be disastrous. It could be the true future of NAFTA. I mean, I think this is what happens when you get an FTS is that you you know you kind of know that you're on the frontier of innovation.
I think for me as like a holder the you know surprising or maybe concerning thing for me is that is that it seemed like it kind of came out of nowhere and almost could be looked at as a you know, as like a quick knee jerk reaction after like the a 16 article and after what Xcopy did as opposed to it being kind of a strategic play.
In the in the overall like you know game plan for moon birds. But yeah, I I think it. I think it definitely opens up a A, you know, a really big you know interesting discussion. Me personally I never have ever intended to commercialize any of my.
That right click save my NFT. So why would I care if I if I'm not going to sue people why would I care if I have the right to sue people? Because at the end of the day, that's what a copyright is is the right to defend your ability to be the only one that has this? So if I'm not going to go through the hassle of suing people that want to right click save, then why do I really care? Anyways, as a holder I I want to see you know what is the game plan for CCO and how does that like integrate?
You know pro against up, down, left, right? I mean, uh for me, I don't really care. It doesn't impact whether I want to hold moon birds or not like I'm holding moon birds as a play on the whole ecosystem with Ravens and high-rise and all these new things coming out. So I'm still going to happily hold my.
My asset and and personally I just I love moon birds and and how they look. I think that they're just they're just great as a profile pic and that's the utility I'm trying to get out of it in the short term. But yeah, I mean a lot of the people that are hating on it are are people that are are from the.
OK, got it quad, you know go ahead and reminder to everybody. Today's show is sponsored by the host brothers and specifically their multi Beast NFT project. Retweet the tweet that's pinned to the top and follow the Haas brothers for a chance to win. Definitely one that you're going to want to be in the running for and we're going to be diving more into that project later in the show. That tweet is pinned to the top Nick, you unmuted. I was going to throw the quad, but Nick you have something to
I I just think the space needs the makeup. Its damn mind uh, you know punks get IP rights and they're like ohh I didn't want IP rights and then you know Xcopy gives away his CEO and everybody's like Oh my God this is the greatest thing a web three artists you know giving away CCO. This space just needs to make up its mind. People like to have opinions one way or the other, but in my opinion, CCO is something that's going to play out over a long long term period, and none of us know how it's goin
Right? Like you said earlier, this could be like web 3 innovating and completely changing how IP rights are done. Or this could fall flat on its face. So I I think the biggest thing for me is it definitely is a liability for moon birds. That wasn't a liability before it was introduced, but I also didn't buy into moon birds to think that I know what's best necessarily. I trust the team so I'm just going to consider this.
Hopefully a decision that will turn out well in the end, but for me right now I you know, I was thinking of putting my moonbird on a on a coffee bag and I still have no problem putting my moon bird on a coffee bag. And if somebody else wants to expand the brand of my moonbird by putting it on a coffee bag, go for it.
Do you? You're you're such an idiot man because like you own a moonbird CC I could just right click save that I own a board ape with the kick out of it space and it's down $320,000 over the last like 60 days. But I own the rights to it. You idiot you jabroni. Also like my project would. Basically what we do is we get free air drops and then we all collectively pump it and then we dump it on. Poor people that work at McDonald's.
Look, I'm I'm angry on behalf of all the moonbird holders, I'm just letting y'all know. And this is just unacceptable and all legitimacy you switch the terms like that by itself it does. It doesn't matter what you think about Co, not Co doesn't matter. You came to me with the deal and then I basically invested like imagine all the people spending 30,000 plus dollars on one of these things. And then you say wait, hold up.
Yeah, but how many of those 30,000 people are spending $30,000 because they're going to actually use it for rights? And also secondarily, why didn't you have the same opinion when Xcopy did it three days ago?
Regardless, there's 10,000 of these, and however many collectors. I don't know 5-6 point 6000 that just had the terms of of the game changed on them all of a sudden and and that was made internally without like the community having a conversation to debate anything else like that. Instead just Kevin said this is what's best for the community. He has the terms. He feels that he's that that it's OK to make that decision.
And I'm just saying it when Facebook used to make any modification to the terms, there was like an uprising. If something changed suddenly information was displayed. Whatever it was, it was a huge deal, but no one even had skin in the game when it came to like investment. Now people have 30,000 well now now $25,000. But in terms of you know, $30,000 assets that they're holding on to where the terms of that thing just changed. If you're not pissed off about that, then you're smoking.
Damn crack, because I I've never bought anything in my life or the person just was like OK, yeah you know. The agreement of that House that you had that I just sold you. Turns out that we've just taken it over and it's ours now, so.
But hold hold on on the House thing though how that's a terrible like comparison to use you buying a house from somebody which you never intend to use your IP rights of your house to to compare to the moon birds. But I do I, I completely agree with you on on the switching it up thing I, I think you're 100% right on that there should have been a discussion and there should have been. I don't necessarily think a vote, but definitely like some talks. There should have been, you know, one of these p
Where they talk about it. But the thing about the change is you can still do everything you could have done before with your moonbird. You can still do those exact same things. It's not taking away rights from the owners, it's expanding their rights for everybody else. If you look at it that way.
Yeah, but it's also super ironic to be like hey changing the terms of things is super bad and I'm, you know moon birds changing it is a terrible thing. Guess what? Dude, I own meme bits guess who bought me bits Yugo laps. Guess what? Yugo Labs did two weeks ago out of the blue they changed their terms and conditions to start charging a secondary fee. When I bought into me bits I bought in on the understanding that it was zero percent secondary fees just like punks. So the 2nd that they did that.
Yeah, people, people people did. And I agree that that that also is messed up. The house isn't to say that the house is the equivalent of buying an NFT, although some NFT's are associated with real estate like two of them. But the it's not to suggest that it's just simply to say that in this case, if Facebook changes their terms, you're using it for free. You get off the thing you delete your account, it's done. And in the case of moon birds changing it, it's I bought a $30,000.
Asset and and some people spent someone bought the the high end. I looked at one of the rares yesterday, $450,000 on them. Did did Kevin Rose have a conversation with the person that invested $450,000 under?
Alright, hey real quick real quick everyone's getting a hell of passionate real quick. We are gonna wrap up on moon birds. I want to hear from Ben. Ben's been patiently waiting and I definitely wanna just you know kind of tie the knot on this. I understand some people own moon birds and they're getting fired up but that's not on this show. We don't. We don't like, you know, have biases based on stuff that we own. So let's wrap the conversation on moon birds. I'm going to throw to Ben right now.
Yeah, I actually was gonna pay for the conversation anyway, but I'll say some closing thoughts on on the the conversation. I I do agree with with Nick over quad and and kicks just in the fact that you know when we when we talk about people and this was quads point but when we talk about, you know the industry needing to make up its mind. I think you know we look at these projects and these companies uniquely and the the terms are different. The the uses are different and when you have a profile
As a social identity compared to, you know, art that's created, and then when one has terms and another doesn't, I think it's a little bit. You know, apples to oranges comparison. I looked at the Xcopy website and you know nowhere on there do I see anything about terms and conditions on on how the the IP is being used, so I don't think it's the same comparison to say that Umm, ex copy declaring its CEO is a change from what it previously was just because there.
Yeah, we're just that's fine. I just want to call it real quick. I understand the frustration on the terms it does openly say we reserve the right, at our sole discretion to change or modify portions of these terms at any times. If we do this, we'll post the changes on the page and indicate at the top of the page the date that these terms were last revised. So if you don't read that.
Yeah it is. If you could guess what the Ferrari when you buy a Ferrari, guess what you signed terms and conditions and that's what the Ferrari group says. Ferrari group may modify or terminate these terms and conditions of use at any time and may do so immediately without cause or notice. That's literally a luxury car that they can roll up to your house and take away from you. If you knew not oblige, the terms and conditions of Ferrari. If you try to.
Yeah, but in one of them you're actually signing something in the in the former model, you're not actually signing the terms and condition. Buying an NT is not acquiescence of the actual contract associated to it.
Yeah, it sounds. It sounds like Nick yeah, OK, so we're gonna move on from moon birds. For what it's worth, I think that moon birds this is realistically a buy the dip opportunity every single time in the history of moon birds that they've pulled back. They've come back with a vengeance. So I don't think anybody that owns moon birds needs to be too upset about this. If anything, this would be a great opportunity to double down average down on your bet, because if I know anything about moon birds
Actually, like a little golden opportunity, if I wasn't running this show, I really would be seriously, you know, considering converting 25,000 bucks of ETH into a moon bird and that might happen later today. Legit Nick, I don't know if there was anything you want to add on this before we kind of move on.
My only thing is, I mean I already articulated the position, which is that they changed it and and I have commenters that are saying like, yeah, but you didn't read the terms. I don't give a shit about that. If I wrote an agreement, there's every agreement has stuff that's unenforceable in it. Like that's just the job of like the whoever writes the terms to make it as aggressive in the favor of the person who created the terms. And so that's just the way that it works in this specific scenario y
Or and also settling people that are going to enforce the IP of our own NFT is absolutely ludicrous. It will play out at some point in time and there will be a lawsuit inevitably around this, and it will be very interesting to see what the outcome of that actually is. But there's no doubt like, somebody, someone who's holding has a large amount invested who feels that it's a notable and worthwhile endeavor to actually sue them. And typically in those cases, it doesn't even play out in court.
Alrighty on the morning Moonbird show. Now I'm just kidding. I over to Ben and reminder everybody to retweet the tweet that's pinned at the top and follow the Haas brothers for the Multi Beast NFT project powered by remaster that we are sponsored by today. We'll be diving into that project later in the show. You will have a chance to win a giveaway of one of the NFL's from that collection at the end of the show. If you follow and retweet and you stick around for the show, Ben, you had a subject
Yeah POI, I saw one of the an article about one of the most interesting things I've seen in crypto in a while. Among all the ridiculousness that we've seen happening over the past few years. But this one is specifically surrounding a salana and there there was a a single person who was masquerading as eleven different developers, and he created his own protocol on Solana blockchain and actually accounted for at one point.
Close to 70% of the total value locked within his protocol. That was he was actually counting dollars on top of each other, stacking protocols and so part of the Total Value Act of Solana that he says was super inflated because of this was actually double counted and this person was. He created his his own like organization of anonymous accounts pretending to all be working together with.
Each other, putting in billions of dollars into this protocol, known as Saber and the the name of the person, was Ian Macalino, the chief architect of Saber, a stable coin exchange built on top of Solana and and I'd be happy to to let easy take the mic over. I just wanted to bring up the story, which is pretty wild and looks looks to be part of what you know might have inflated us allana's value last year.
Yeah I did. This came out yesterday. Do you? Same individual was linked to Casio and the hack there. They've also been tied to FTM's inflated valuations of Phantom another cryptocurrency last year and it looks like the same team is currently developing the apps for Aptos, which is supposed to be the Facebook chain. So it seems like this team is doing this frequently. It wouldn't surprise me because we did see like an 80 to 85% run up in November itself on soul, which was insane. The other thing
So when people saw that volume, yes the price was inflated, but it seems like this same team has done this four or five Times Now. I've never been bullish on Saber because there's been some sketchy things behind that for a while now, but I think the big kind of like catalyst there was obviously the fact that got up to $260.00 and is now down like 80% from the peak. I'm more curious what this means for other upcoming chains because Aptos, having 12 and a half million private funding round is a hu
I looked at it for like the whole perspective and obviously it sucks because now that like that TV that was locked caused that inflation. The benefit on the other side and glass half full approach here is that it still led to a variety of new developers to come to the space. But now my thinking is like how did this slip through the cracks for 6-7 months? And what's kind of like the bounce back from it? Because Saber did get a lot of traction following this. But it's also like where did these fun
Yeah, I mean early NFT's early blockchain. Right now there's just so much of this. I mean, we talk about it all the time. I don't know if people really like fully grasp it, but yeah, a lot of people just are obsessed with figuring out, figuring out ways to scam. So I can't say that I'm terribly surprised that that was the thing it doesn't have. Like a long term material impact on the Solana blockchain. Nick, you unmuted. I don't know if there was something you want to add. I know you want to swi
No no. So the big thing that it was just used for was that the fact that they had a lot more volume and it seemed like an increase of volume day over day into the sauna ecosystem in November. So it looked like there was hyper growth from specifically Saber being that that protocol and stable exchange.
Getting funding for it. Releasing it, getting people to buy the token. All these other things it has to be one of the single, greatest, most challenging businesses to operate. Whether or not it's centralized or decentralized. I mean, to a certain degree, the business is centralized. The platform itself is decentralized, but the whole objective is to convince people to use that platform. I'm I don't want to justify making up numbers, but it has to be one. It like building momentum, has to be one
Because there's a ton of blockchains, or there are a lot of blockchains that obviously would love that to happen, and it seems to be something where it's sort of like the. The real question is is is there any way like in what ways can you actually manufacture that sort of activity? And we've seen Binance do it because they have one of the world's largest crypto exchanges. If not, are they the largest crypto exchange? I don't even know they may. They may be just because of their.
You have essentially FTX backing Solana to a certain degree, it's hard to say that FTX is is backing it in the same same way that Binance is. It doesn't feel like it doesn't have the same feeling. Binance, like, heavily pumped their token through their actual interface and I don't know that FTX is doing the exact same thing. And there may be legal implications of doing that. But yeah, I mean those sorts of things the the only problem is when it convinces you like if it hit.
Convince you to invest in a D5 platform on Solana because it misrepresents it. That's where it gets super hairy. But if it gets you to invest or participate in a blockchain itself, that that would make me less concerned. But yeah, investors definitely allocated their money, and that that's never a good thing. I also think it just implies you got to get your data in this space from multiple sources. If you're going to, you know, move any significant sum of capital anywhere.
But I want to get flamed. So what, what, what, what PO's been texting me saying I I'm we're gonna get absolutely attacked for even bringing this up? Because this is going to be viewed as like pumping your bags. But the reason that I decided I want to articulate this is not because of that. I don't know that I'm basically flat on this. It pumped a little bit actually when we had bought this NFT yesterday and so it's not even a surprise because you got the notification of it. If you have like Ninj
More just like having conversations about like the thesis behind buying or not buying something in this space. And that was the thing that I thought was fascinating yesterday when we hopped on the call with node was we were like debating whether or not to buy this NFT and so this was more just holistically. I know a lot of people are saying like, well what should I go by? I'm not saying to buy this.
Interesting to see the logic behind it and so that's why I thought it was useful to discuss and and discuss what I'm saying. Discussing is potatoes in particular, which kicks. What did you get your your potatoes at? Because don't you own some?
Of the rationale that I used at that point, the fact that you already sold is concerning to me, and now it introduces the fear in my position. But yesterday I called PO was like yo. Do you have any potatoes? I'm thinking of just aping in, why shouldn't I? And we called up note as well. And note was like, Nah, I didn't even consider this at all. Basically, and and actually, as node was speaking.
We looked at this thing potatoes. Is this like essentially meme project and it's created by 9 gag and when a lot of people were saying have you seen the advisors? And I'm like yeah, it's their investment, it's their investors who also invested in their competitor Giffy. 9 gag was basically a competitor to giffy. Call it what some people are going to say. No it wasn't, but essentially like they have a Reddit of memes sort of thing and you and you can post your own.
Try to get up voted and the hope is is that you can sort of drive some virality behind it. The business is I don't know if I'd call it a zombie company at this point, but for the investors in it they might as well.
Call it that and the CEO behind this team or behind this company was like has been diving super deep down the Web 3 rabbit hole and my thought when I bought it was like I think this team could actually get this to like 3 ETH or four ETH or something like that. And the only reason that I thought that was not because of the investors who are behind it. Naval Ravikant was one you had Kevin Rose, who's in it, but I think it was also like that could have just come from. They could have been like why?
The team that has resources we don't see we see a lot in the NFT space, a bunch of rugs just left and right teams that have no experience aren't investing in the development like ongoing development of it.
Make a couple $1,000,000 and then just leave and then we see the ones that are building. You have Yugo lives is only example where I don't think they were like deep in the web like they weren't like a web. Two Silicon Valley sort of thing but moon birds clearly is one example of that and I think potatoes is and so was Goblin Town. Frankly a JT's like you know networked in that space. Now do I agree with that like how they've approached it strategically? No because they've inflated.
For tokens, moon birds has done the exact same thing with uh, with proof and flame me. All you want for that I I just don't agree with that. Structurally, it's only worked out for Yugo Labs, and right now technically has mostly worked for moon birds, but time will tell.
I I, I think it's worth making. Basically, I was like I think it's worth making a bet just on the fact that I believe that these people are going to do a core reveal. They're going to have like a road map that they execute on, and I'm willing to like if there's any bet as no to a saying I was like, well, every he was saying, what is it? Every two to three months, you know, an opportunity comes around. This is definitely a flyer. I have no idea whether or not like this is like they're going to be
My my thesis here, but that was just kind of how I thought about it was like hey we have a team with like deep experience that has built existing product has a live product that's operating, has a team that's running that business, is focused on software and has a design team as well. It just feels like they're properly positioned and there's like a few different approaches that you could do. You could like go buy like I I briefly brought it up the other day you could buy.
A like a dead project that has cool art that to me is 1 interesting potential path. But you're not gonna get the talent behind it. Or you could go and raise funding from investors. You already have a team that's building software and and they're going to. They're going to go and you, you know, build this. You're an agency, for example, and you go and build it. The other group that I see is like zombie startups that have incredible, incredibly talented and experienced teams behind it. Operating i
I don't know if they'll do nothing. I don't believe that that's going to happen the case against it is that just the market. There's two things. One, the market says like, hey, that this thing is going like the crypto market implodes. Inflation reads some insanely high ticker. That's why someone in our discord, if you're in the coin traders channel, there's a few people in there. But it's where I actually like to operate the most, because a lot of people post some of their sort of like theses be
The that basically the reason that the market dropped was because, well, this means that the the economy is hotter than expected and so clearly the Fed is going to feel comfortable raising rates even more, which is typically generally a drag on the overall market. It I I don't know if I like what the long term bet is on it, but if crypto crashes NFT's are going to have a hard time and they already have been having a hard time. So I think you have the macro.
Like leaves coming out of a pile of poop. That's literally what I just bought. And so if you're looking at that, you have to be thinking like you're betting on them pulling off a meme. And most people, despite the fact that nine gag has a ton, a ton of visitors and activity. And there there are websites that exist.
They're just gonna feel again at that, so that would be another counter position to this. This seems not gonna pull it off my. The reason that I that I'm bullish though, is that there's so few teams in this space. And in this market at this point in time that are successfully executing that I I do believe that the market will reward it. But that's the that's the bullish side of it. But yeah, I mean, there's a very strong chance. And we're, we've seen it with Goblin Town, right? The price I remem
And and it's it's capitulated heavily since then, right? The price is closer to like a few $1000, maybe 3000 right now is is what they're going for so we've seen in what is that 80% pullback 70% pullback in the floor price of Goblin Town and it's unsurprising and they're adding supply as their floor is dropping which to me is like why? Why like why would you do that? It just doesn't make sense.
And you're new. You have to come up with ways, and this is something that we're discussing internally. You have to come up with a way where you don't inflate the supply, but you continue to build relevance in the market. That's the challenge for people to do so. I don't know. I mean the the other bearish thing for this is that it's so early and the price is relatively speaking in the NFT market, very high right now. We've seen very few projects be able to maintain a one eighth floor, but I'm jus
That's being able to like maintain that sort of traction. Go over the one eighth floor, not even a Ledger. Which is you could be saying, well, maybe Ledger is the one that you buy and you don't buy the potatoes, but they're promising something completely different. So anyways, I just thought it would be useful to sort of like share that logic. Not because I'm saying, hey go buy the potatoes right now, but I just thought it'd be useful to share some of the rationale that we're using, and I I was
Well, things that you pointed out, you brought up the Ledger NFT. There was basically a bottom on Ledger on the 31st and the 1st. So in the past five, six days you saw a day where the low was 82 total sales and then 96 total sales and then 197 total sales. So three days SUB 100 sales. For context if people don't know that's still a ton of sales, especially at a like point the average price was .475. So that's 46 athyrium of volume.
So Ledger really hasn't slowed down and then you had 175 sale day and then 315 and then on today we're already at 153 sales on it. So this is something to look at. I don't have any exposure to this, but it's at .75 eighth floor now. So when people were saying that Ledger was following a similar trajectory to primen, I would say it is. You know, in this bear market there's still 76% unique ownership. There's a ton of volume already. 34.
108 total volume against .75 floor price right now and I know that we don't wanna, you know, look at the listing count as too deep of an indicator and NFT God shout out to NFT God that did a mastermind in our discord yesterday. You know made a great case why he thinks that listing count is the most overrated metric in the NFT space and in the context that he was discussing it. I agree with him, he was discussing it in the context of if I look at a project that's been out for like a really long t
That has average to below average volume, I think, uh, an example would have been the Look labs project that historically on the game keys specifically, they had really low listing counts, but there wasn't like this crazy volume, right? So I think that was more of a staking mechanic, right? Because they?
Yeah exactly. I was gonna say that's a staking mechanic. You should never factor that in when you're looking at like a staking mechanic or like a nesting mechanic. And I do overall agree it's not the best metric to go off off of. Volume is always more important than listings, but yeah.
Right, but when you have Ledger with crazy vault, well not good volume that I don't want to call it crazy volume, but it's it's good volume. I mean today there's over 108th of volume. There's 153 sales and the day isn't booked yet and you have 76% unique ownership and a .75 each floor price and you go to activity and the last sale. The last three sales were 13 minutes ago, 16 minutes ago 17 minutes ago when there's a low listing, count on that. That floor is.
I think it's apples and oranges. I think you actually have to compare it to premed but Ledger is even more important than preeminent in the space. However, I know that the use case the actual material use case for the project is not as strong, or at least that's the sentiment. A lot of people have. Go ahead, nick.
If if you're going to do the research on this, or you're even considering it so someone in the discord, I didn't know what the guy's Twitter was turned out. I was following him, but nine gag CEO is his Twitter account. Take a look at him because he keeps posting about this stuff, both stuff that hypes it but also it just provides perspective on the person who sort of running it that that, to me, is sort of the indicator of whether or not you know you think it's worth investing in and whether or
We're gonna we're gonna dive into our sponsorship in just a minute. Ladies and gentlemen, make sure that you retweet the tweet that's pinned at the top and follow the Haas brothers. Today's sponsorship is the Haas Brothers NFT Multi Beast that's powered by remaster dot IO. Really excited to dive into it. You're definitely going to want to, you know. Be in the running to win this one which will give away at the end. You know, stick around for the the end of the show. Jesse, you would raise your h
Fighting the good fight power to the people we're sick and tired of being sick and tired. Say it loud, I'm oh wait, that one doesn't work but but yeah, we're I'm going to test their policy. See how they respond and if it works you know then I'll I'll make like redistribute so that we can everybody can file it on their own and and take this policy down by death by 10,000 cuts we'll see.
Well, there you go. Well, I want we're gonna dive into the sponsor right now, so multi piece that FT by the Haas brothers. You know I I would give my perspective but I'd rather hear directly from them because I think everyone should know you know the Haas brothers background how this project came about and then you know we've been discussing this week. You know the traditional art world in NFT's and when you first saw NFT's go mainstream, you saw the $69 million beeple sale at Christies or Sothe
I think a lot of people like CNBC would always report NFT's as digital art. You'd see the headlines of digital art selling for so much money. It's like digital art. Is it a real investment class, right? So we kind of started with the fine art world being an NFT's and these kind of really big valuations on our projects. But then you saw a shift in the collectibles and what we've been talking about over the last week or two is the potential you know long term shift back to the traditional art worl
Umm and and us returning to that kind of perspective in the market so I wanna throw to to Nikki how has and and you know to discuss this project? And we're all obviously gonna hear from Max from remaster as well. But yeah, I'd love to hear you guys introduce yourselves, you know take it away gentlemen.
No, I'll just give it. I'll just give everyone a quick update because they've heard enough from me and we can, you know, jump back into some of the legal implications. But anyway, I'm a Max CEO cofounder of remaster. We're building legal infrastructure for web three trying to decentralize terms and conditions for this new, trustless economy that we're all sort of gearing towards. And we've been fortunate enough to partner with the Haas Brothers to protect their IP but also engage in the web thro
Empowering the community with this new infrastructure. So there's no, you know you don't need to sacrifice if you want to actually empower the community by giving away certain permissions and and IP rights, so I'll kind of. I'll kind of hint it there, and I'll let Nikki jump into to really sort of talk about the project.
No, not at all, and I love today's discussion because really, it's like I. I mean, the way that I sort of see every way everyone's talking today is is that we're exploring web three together, right? Like when I first heard this concept of web three, what it was supposed to be, this alternative economy? How it's supposed to be a two way street, right? That you've got the originators you have the holders? You have money. Fluidly moving both directions. You have IP moving fluidly both directions. I
We love to create alternative economies. So for instance, we've got this group of women in in South Africa that we work with where you know they live in townships outside of Cape Town, and they're they're bead artists and we created this system where they get a you know 20% cut off of the final sale of our artwork, which is, you know, monumentally large amount of money compared to what would usually happen in South Africa. And we were already really interested in using economy as an expression o
When went through sort of came up as a possibility, we were like, oh shit, this is this is this is a a palpably interesting way to start to empower the people that interact with us. So, Umm, you know we started talking to Max about about how we could integrate the the holder into our practice. So we came up with this idea of a personality test. I'm a huge fan of PFP art and also the idea that somebody can adopt take on like assimilate.
A PFP and and make it their own and own it and have it and become such a part of it and have it become such a part of them but we were like hey what if? What if, what if you know our holders are actually helping us create the artwork so we have this personality test it's you know could it's got some Myers Briggs sort of aspects to it but really it's like a visual journey. It's kind of like a video art piece. You move through it.
You get asked some pretty fucking weird questions and we reflect you back as a beast. So basically we're trying to show you what you would look like if you were in another reality in the multiverse. So off the bat there's 130 trillion possibilities. We're minting about a millionth of them 8888 so our our audience is dictating the rarity structure and they're dictating their personal NFT.
So we really wanted to draw our users into what it was that we were doing and we were fucking stoked about that. Like the whole idea about Web three is to have it go both directions. Then after that you know.
You get you know IP rights in fully inactive contracts, and maybe that's where I bring you in Max that you can start to explain it, but the idea is that that you know we're actively going out trying to land projects that will filter down into the community. So maybe you want to talk about that and then like the period.
The infrastructure is is there to support whatever the initial intent of the creator is, and you know I I don't know. I'm not going to claim to know what the future of this space is like. Is there a fundamental paradigm shift where everything becomes CEO? Maybe? No idea. All I'm saying is infrastructure needs to be there to actually support what the initial intent of the agreement is. So people are not bifurcating. You know whatever these contracts, legal contracts, not smart contracts are. So w
Effectively is turning these legal contracts into protocols which directly are linked to the actual NFT. So the NFT's are interacted with in a trustless mechanism based on the initial terms and conditions. So why that's exciting for us is because commercial rights, you know, IP rights and the potential to do stuff with your asset are defined in these terms and conditions. And I I forget who was, you know, said it earlier. But yeah, most people don't really.
Have the wherewithal to exercise these commercial rights in a meaningful way. So we were pondering with this idea. Like is there a way to empower the community by allowing large brands to interact and communicate and directly provide royalty streams directly to the community? And the only way to do that is with, yeah.
Well cause basically if you're not, you know if you're not famous, how are you going to execute your IP rights use? You know what I mean? Like how are you supposed to pull your IP into the public eye and then actually create a project that's going to generate money? It's nearly impossible. So it's like, yeah, and it's like fairly, it's like a fairly useless, you know, throw like what's the point really, and so you know, like our studio practice, we've, you know, we've worked with Rihanna.
We've worked with Lady Gaga. We've worked with Harry Styles, Leoda, Caprio. All these different people, Barneys Versace, and we're very good at. You know, achieving IP rights, use for the work that we create. So basically on this open market, what what remaster is doing is like we'll have a marketplace where we could land a, you know, an IP rights use contract for say a toy or a cartoon or a clothing line, then then then the the holder would opt in. And I think that was really important that the
That you're like choosing we're not just throwing something out, you're like oh now it's this way and just like get used to it you have a viewable online interactable contract that you can take to a real world court and that you can that you can you know that that you can stake your your rights inside of that contract. So what's really cool is that once you achieve that contract you have your NFT and you also have your contract and either of them can be for sale up on the open market.
You could sell your left and you could still retain your contract for whatever IP use we've landed that you've opted into, and then you can also retain your your your you know you could sell the contract and retain your NFT. So let's say like you get some you know you opt into a toy making contract with us and you're like OK. I have like 10 fifteen, 20% royalty on the sale of this toy in perpetuity. Like I'm going to throw that contract up and try to just cash out now like I'm just going to put
Let's see if it sells, and then you still get to hold your NFT. So it's like I just think it's fascinating because we really wanted to push into this idea of, you know, to a you know, like like a road that goes both directions with the economy and you know beyond that, the the, the NFT itself like the PFP, the the art, my brother and I have worked in digital for. I mean I don't know 15 years. That's how we make large scale sculpture. We build it in Blender first.
We we make it perfect. We animate it sometimes you know like we work with animation studios and stuff as well and so your your your NAFTA is not just a visual but an actual 3D file as well right? So like that file exists that created your your FT so once you take the personality test you know like.
We, you know, have the data and it takes us about a week to put it through blender. You know, we've got like lights that we have to set in place. There's different materials on the actual beast. So before you get it, we have to build it specifically and render it and deliver it to you. So it's like this very customized project where we really pull the person into it. We've been running beta tests so far. I don't know PO you want to take the beta, are you?
Oh yeah, I was talking to doc about it. Of course I'm gonna take the bait I'm I'm just. I'm genuinely excited about the project. You know once once we knew that you guys were going to sponsor us, I did like a deep dive into your backgrounds and it it just it. It's great timing because of what we've talked about regarding the traditional art world. I know you guys are very prolific in the traditional art world, so the transition and FT is really exciting and and your attitude about it is what als
I mean honestly, I was like when web three sort of entered my you know my my my brain space. I was like off fuck let's go man this is perfect. This is the alternative economy that we've been trying to pull in. And then you know I was just watching all these NFT projects roll out and it's like dude we've been wanting to release this for such a long time because we've been working on it forever but we just wanted to be right you know and I'm going like well shit they gave IP rights use.
We were gonna do that but they don't have like a contract around it. It's not protected. It's not unacceptable. People can't actually use that IP like what are they supposed to do with that. Anyway, I'm sorry Nick, you got your hand raised I've I'm just like talking but.
I was just wondering about this sort of like creation process, so it sounds like it's interactive in terms of the consumer themself. Can you know create the output that they have? I'm not, there's only been a few that have done something similar. One that that we internally were discussing the other day was indifferent. Ducks, which like went on this wild tear before the team just was like, yeah, we. We feel too much pressure to deliver anything and and literally literally just left. It's just.
It's it's not good for our mental health to continue running this business, so we're so we're just going to take the money and run but but but but I'm wondering so they now can afford a lot of therapy, but I'm wondering, from your standpoint like how are you thinking about that aspect? That like is? Is it basically random rarity is is that how it works? And then also you all are known for your sort of physical sculptures. How does that? How does that play into this? These NFT's?
Well, I mean the way that we're making the the the NFT's in the 1st place is is, you know, is at well sorry I'm gonna answer your first question first was like Rarity. Is it random? Well, it's it's up to it's up to the holders you guys choose depending on the way that that you you you answer the questions is going to dictate the rarity of the entire collection and for us it was really important to sort of like I we don't want to engineer this. You know, I think that all of Web three is sort of a
You know we wanted to do. We wanted to do our project in the spirit of that, to pull people in and again just to make it like fully interactive. And then in terms of yeah, 3D sculpture like an actual actual sculptures. IRL, we're, yeah, we're we're we're well known for that. You know, we're collected by the Metropolitan Museum of Art, LACMA. You know, we have a show at the Nasher later this year. I don't know if I'm speaking Greek, but like big museums that we're super stoked on and and we have
You know, produce actual 3D works, and I think for sure in our minds that's something that we want to push into in the future, so I can't talk too much about it because it would be considered a security. But like like absolutely with this collection, we 100% plan on on on making 3D work.
It's it's really like. I mean, that's why remasters here. It's why we have IP use rights contracts in place and it's like you know, that could go from it being say I don't know, like yo, let's do a multi bee show at a museum and then take it to Art Basel afterwards and try it you know and sell? Sell each individual sculpture so if we were to do something like that like let's just say like if we're if we're playing around with the idea we would we would reach out to our community and then they wo
On an IP use uh, like a on a royalty structure, we would sign the contract together that's viewable online on ends up on chain, and then we would produce these these works and then it could go to completely to the other end where it's like. What if we made you know toys? Same thing we would reach out to our community. People would opt in. It's almost like they're it's almost like they're going to an audition. They own this little piece of themselves. It's now out there in the world. We're saying
The concept right now is is the blockchain is immutable and how do you evolve with the times? By setting a lot of this stuff up in stone, you know before the mint you're kind of shooting yourself in the foot of how the industry can sort of or how your ecosystem can grow and evolve over time. So what we've done is, you know, built in composability to not just the smart contracts but the legal contracts that determine the actual use of these digital assets and the composability.
Allows these things to evolve, you know, in a trustless mechanism. Overtime, by adding additional licenses additional subcontracts associated to the main contract, which can cause an entire ecosystem to just branch like a specific tree and have individual you know revenue royalty splits between all of those new parties, and it's, you know, sort of like Lego building blocks like you have individual pieces. You put them together and the thing takes a new shape and a new form.
Right, well we can't. I mean it's it's trustless. So like we can't go around and change things, you know that that materially affect that relationship, unless those specific token holders actually agree.
Well, I was just gonna say you know The funny thing is is like where we're at in the NFT cycle. If you had mentioned those museums that your your traditional work had been featured in. If if this was like you know a year and a month ago, the whole market would be like you know this is the most bullish thing of all time. You know it's it's just funny how the how the cycles work, just you know and and reminder to everyone, retweet the tweet that's been at the top follow you know the Haas brothers
One of your last shots, really your last shot to retweet and follow at the top and stick around for that drawing. You know, one thing I wanted to ask, Nikki is like with you still having such active involvement and being so deep in the traditional art world. Are you seeing a lot of curiosity? You know when you tell people that you're going into NFT's and like I would just love to know what the response has been like and and how you could see everything kind of playing out from here now that you'
You know honestly? Originally I'd have to say like with our galleries because we were talking about this. You know, probably pre people sale our galleries were not excited about it, you know. And and and it's because traditional art market is pretty conservative and they have a very you know they have a very myopic outlook. They have a very like tunnel vision in the way that they view the world and you know our brother, my brother and I, we, you know we grew up.
Like construction workers and then you know, we ended up doing design and then we ended up doing a high end design and then we went from high end design to art. So we were used to sort of working inside of venues that that people don't consider art with a capital A. You know once we got a couple museum shows under our belt we were like OK like we can officially call ourselves artists so we just never gave a shit about that. And when Web 3 and NFTS became like a possibility it just allowed so muc
To use it to say something socially and to do something that felt important. And I think that's where I think that's where we were. Just like you know, fuck it. We're not going to listen to our galleries. We're going to dive into this. And now you know, luckily, you know, it makes it easier. Yeah, the art world is super interested and and to be totally honest, they're super parallel to each other. I think that that our you know if you if you engage in the art market originally it, it's just it a
Dig it then. They're sort of like collectible pieces, sort of like trading. You know baseball cards or something, just like on a bigger scale and for more money. And then eventually that person that's a collector moves into the zone of being like wait. What is art? It's here to make a difference. It's supposed to change the world and then they start to buy art that that's saying something about the world socially and ultimately, the art that becomes the most important long term is the stuff that
To to to make social commentary. And I think that NFT's aren't going to be any different. It's the same exact thing, and it's already. It's already proved to be that so you know you were touching on the market for a second. And of course, like we've been working on this project for a year and a half like bear market hits and like originally were like fuck like God damn it really like right now and now. And now I'm I'm actually stoked because I go this thing gets to be a lot cheaper. We get to wo
Free space, which I think is you know, is going to be fully ubiquitous at some point and and I go, this is an awesome opportunity because the community that we build around it are people that are going to be actually engaged and interested, and the blood of the project depends on our community to to to kick ass. And we're going to push it, but it's like, I, I'm I'm. I'm really happy about when we're entering because it's going to be, you know, I believe on a on a on a bowl upswing.
Eventually and then, I also believe that it's that it's that it's perfect timing because the entry point is going to be. You know, this NFT is not going to be that expensive and we always wanted it to not be that expensive because it's going to. It's going to draw people in. So yeah, is the art market interested in NFT's? They are now, but it's because of money and I guess that the bear market.
Allows for it to be less about that, which is from an artistic standpoint. A beautiful thing, and then also, like you know we get to ride this wave up again with everybody and I'm really happy that we get to do that if it makes sense. So you know, I, I just say like PO, let's do the beta. I'm even tempted to say like whoever wins this test like let's do the beta with them too. You know, I would love to get somebody testing it. Get people's opinions, draw them in as soon as we can and then like g
Now we're talking. Well so look everybody retweet the tweet that's pinned to the top. Follow the host brothers. This is for the multi Beast NFT project that's powered by remaster dot IO today sponsor. And so I'm going to be doing this draw in just a second. I'm gonna ask Nikki one more question. Just about the logistics of the drop and then we're doing the draw so. So get ready ladies and gentlemen, but Nikki so where when can people get this? You know what's the story with how they can actually
Yeah, you know you know. Follow our Twitter to like you know, keep tabs on the drop. It's it's eminent. It's like very soon I'd say in the next, you know, month and a half ish. But we're you know again, it's like we're trying to be super diligent and that started with the with the test. The art we've been working on forever. We're really trying to make sure all the contracts. Everything are super super in place. We're going through a through third party review of everything to make sure that it'
Once it's perfect so so you know the process is. Watch us on Twitter. You're you know when you meant to sing what you'll end up doing is you'll buy the token. You'll take the test and then we have to individually render each you know each each NFT. So it'll take about a week for you to get your NFT. After you've minted it. Because it's so because it's so custom. So that's really the process. That's how it'll work.
Don't give securities Max, that's we've been telling me not to do. Dude, I'm literally chomping at the bit. I'm so excited about the meetings we've already been having about this project because it's fucking wild. Do you have to keep up with it because it's I'm stoked so you know, I, I don't know. I mean, it goes from even the test. If you go on her Twitter you can see people taking the test. It's funny, it's cool. It's like a nice thing to take. It's a good experience and then all the way to th
I mean, that's exciting, especially if people look into your guys's backgrounds. You know the relationships you have in the art world, the relationships you have and like. You know the music world and things like that, so that that's. I mean, that's juicy stuff. What you just said. All right, ladies and gentlemen, if you don't retweet her right now, I don't know what to tell you. I'm drawing the winner, so let me get a little little drum roll for us here. Alright, here we go. So we're about Nikk
Here we go. I'm about to click the button. The button is about to be clicked. What's happening is my hand is moving toward the mouse. It's getting, inching ever closer toward that mouse, which is about to be clicked. You cannot wait because that button is about to be clicked is that click the button down. What happens is the site actually ends up selecting somebody as it goes through the OK.
If you can come to the stage right now you're in the room right now. Oh my God. Here we go. Soul Train well but I'm not he's gotta come Soul Train you gotta come buddy you gotta come on stage I invited you I'm going to hear from always on stage there we go now we are talking congratulations Soul Train you just won a multi beast NFT by the house. Haas Brothers powered by remaster. How do you feel right now?
Yeah, well thank you for for joining. It says that you're the owner of an organic mushroom company. Maybe this is the start of a relationship between you and the Haas brothers that involve mushroom sculptures.
That's what I'm talking about. Well, ladies and gentlemen, shout out again to our sponsor, the Multi Beast NFT project by the Haas Brothers. Powered by remaster dot IO Nikki. Any closing thoughts for the audience before we wrap?
Awesome, well thanks for joining guys. Thanks for sponsoring the show everybody. Make sure you check out our sponsor and appreciate everybody listening to the show. We do the show Monday through Friday 9:00 AM to 10:30 AM Eastern Time every single week. We hope to see you next time your house brothers. You guys are in LA right?