Episode 31 - The One Where Jaime and Roy Almost Lose All Their NFTs

Jaime: 0:00

The hosts of Two Bored Apes are not registered investment advisors. The podcast is for entertainment and informational purposes only. Nothing said on it should be construed as investment advice.

Intro: 0:11

Two Bored Apes, talking NFT's, De-fi, and some random stuff! uh uh uh uh Two Bored Apes, talking NFT's, De-fi, and some random stuff! uh uh uh uh

Jaime: 0:29

Welcome to Episode 31 of Two Bored Apes. I'm your host Jaime and I'm here with my friend and co host, Roy. Roy. What's going on? Some crazy just happened... This this recording has been delayed for an hour. Oh, yeah. How are you? Blah, blah, blah, blah, blah.

Roy: 0:44

I'm yeah, this is crazy. So literally an hour ago, 45 minutes ago, all this stuff about there being an exploit an OpenSea, X2Y2, some phishing attack tons of people having like Azukis, and Bored Apes, and dogs and mutants and high value NFT's drained from their wallets. It just all happened in the last hour. We were about to record and then like we saw this, and yeah, I

Jaime: 1:12

said, Hey, are you seeing the same thing I'm seeing? And then he started describing what we see on our screens. And I said no, these these rumors on Twitter about an exploit. So it seemed like it was the new OpenSea contract at first, but now it's seeming more like it's not that and it was a phishing attack that affected people who clicked the link in a fake OpenSea email about migrating to the new contract. And then they approved something that something something and now they're getting their shitstorm.

Roy: 1:46

Yeah, I think that's one possibility that it was a fake email. But it could have been some other thing that a bunch of people clicked on. Like, yeah, previous mint that, you know, people were into, but

Jaime: 1:56

but those are very sorry, the very earliest thing we were hearing is that this the similarity between the exploits was that they all were saying that they migrated to the to the new contract, which I'm sort of inferring as the most likely attack vector, but yeah, it could have been some other phishing thing. And it doesn't seem to have been super widespread.

Roy: 2:18

Or no. Yeah, like it was.

Jaime: 2:21

Not crazy. I don't I mean, I don't know. Yeah. It's, you know, it's possible. They targeted a lot more people and then just a lot of us, theoretically, were smart enough not to click because,

Roy: 2:34

I mean, who knows? Yeah. email out to 1000s 10s of 1000s of people,

Jaime: 2:38

or Twitter or discord DM or whatever it was, might have been multiple. But yeah, my my inference and guess is that it was a fake OpenSea email about the migration?

Roy: 2:51

Yeah, definitely. Well, not definitely. But it seems very likely that it was some sort of phishing attempt, and not an exploit in the actual contracts of open tea or extra

Jaime: 3:01

seems to be what the smart people that are actually looking at the contract that that is interacting with these people, or these people, maybe I should say, are interacting with a contract. Racing is puffer they call this Australia.

Roy: 3:17

Asthma puffer inhaler?

Jaime: 3:19

Yeah. I was in the middle of a sentence. But now I'm just talking about asthma. That's the news of the week do should we talk about it a little more? It's still kind of breathing. Like, we used to lay in the podcast. Yeah, check Twitter. Again, just to see if there's anything new new.

Roy: 3:36

Yeah, like before we were jumping on we were sort of like talking about Oh, watch the news of the week be Jamie had written down the like a 250k Bug Bounty paid out to someone who found an exploit in Coinbase, which was kind of a huge exploit. They could have basically drained almost an infinite amount of money. And then there was a crypto chicks drama from today, when they found out that the original artist like copied

Jaime: 4:02

that was that was found out in November though, right? And people just didn't pay attention until recently.

Roy: 4:08

It was a tweet from November pointing it out. And that's crazy. It was just from an account that had like 18 followers and sadly, no one...

Jaime: 4:14

ever went viral. I guess maybe crypto chicks were not relevant enough at the time for to kind of spread

Roy: 4:20

Probably that too. Probably that too. And the other thing was mooch is going to talk about x2y2 too in general as like you know new AirDrop new OpenSea competitor, which I guess it still is.

Jaime: 4:34

Yeah, but people are not liking it. Like they keep kind of moving the goalposts on what you have to do.

Roy: 4:40

To get order. Yeah, yeah.

Jaime: 4:44

And their communication has been a little bit poor. Anyway. That's the news of the week though, right? Is that this crazy exploit is happening in real time, basically. And I'm dying. Yeah. Yeah, probably keep checking my two wallets every five or so minutes.

Roy: 4:59

Yeah. Make sure you're not for sure that we're safe. It's just like, pretty confident, though. Yeah.

Jaime: 5:07

For online poker background, we are well versed in not clicking shit, you shouldn't click, which again, it does seem is the way that all this has started. Yeah, um, that's where almost all of it starts right. It's all like social engineering to get you to click something malicious. That's that's what it always basically comes down to

Roy: 5:26

Yeah, I think I said like right at the beginning of like we've been chatting for an hour before recording that. I wouldn't be surprised if it's not an exploit as like user error, some sort of.

Jaime: 5:37

Yeah, yeah. I mean, then they, you know, the hacker combined it with some custom contract they wrote that turns it into a...

Roy: 5:45

And the timing was an extra time is interesting. It's obviously as this migration is happening and X2Y2 is like taking place. So people immediately think it's that, but I heard a lot of smart people say that they wouldn't have been able to execute on this after openly migrated its contracts. So basically had to do it within the next six days. Right.

Jaime: 6:06

Which is interesting with a 40 year old contract or something. There's a 28 day contract that's a new that was deployed by the hacker, and it's interacting with a 40 year old OpenSea contract

Roy: 6:18

is going to be just the first contract of OpenSea right, basically, yeah. Which makes sense.

Jaime: 6:23

but also, well, he said no, now back when it seemed like it was about the actual new contract, it was a lot of rumors swirling that it must have been an inside job of some sort. But now it seems like that's, that's not what was happening.

Roy: 6:37

Yeah, it's, we're gonna know more. I mean, by the time this this podcast is out, I'm sure there's gonna be way more information.

Jaime: 6:45

Yes. By the time we're done recording a bunch of smart people. Yeah, well, I've dug deeper.

Roy: 6:50

Yeah, just scary time. So it just goes to show how just precarious this entire space is like, for like, 10 minutes really, genuinely seemed like there was just a massive exploit in the OpenSea migration contract. And like hundreds, if not 1000s of people, which can have all their NFT stolen, and was also a possibility that just everyone's and can be stolen if the original contracts had bugs in

Jaime: 7:14

it. Yeah. So one of the other big things is that the way that you kind of revoke these permissions, there's only a couple sites that people know of and trust, that have the interactions to allow you to revoke these accesses. And then those sites just got flooded with people trying to do it all at the same time. And then so then then they went down, because they basically, were getting DDoS by users.

Roy: 7:38

One of those sites, by the way, is etherscan, which is, it's like this. It's not just an NFT specific thing. It's like everyone is Yeah. But someone spun up a new revoke site. But then people are like, can we trust this new site? Because right,

Jaime: 7:52

right, yeah, it's all just moving parts and... If you don't know how to read solidity contracts, you just have to have been careful enough, early enough that you don't really have to necessarily worry now. But yeah, this is just kind of crazy.

Roy: 8:14

Yeah, I mean, there's, I mean, we think there are things to be learned, of course, and like, I'm sure a lot of people are going to use this as a very real wake up call, even if they didn't have their assets, hacked or stolen, you know, potentially having high value assets in the same wallet that you interact with day to day, and not having a hardware wallet, that's a vault that doesn't interact with anything is something hopefully more people are going to do now.

Jaime: 8:42

Yeah, for sure. And then, you know, one of the newest things that a lot of people were recommending, rather than revoking access was just make a brand new wallet and send your valuable stuff there.

Roy: 8:54

Yeah, but then I suppose some people are like, Well, if we can't trust OpenSea and using open sea and giving them approval to transfer your assets, you know, a lot of people How do you transfer you go to open sea and click the transfer button?

Jaime: 9:06

but you can't actually even transfer NFT's on Metamask non mobile, so it's like sort of legitimate. Right? Yeah. Yeah. I mean, there's still other ways to do it, of course, but that's, you know, as fundamental away as most users whatever do, yeah, you know, without adding the layer of some website that's claiming that this is yeah, like LooksRare. For instance, I actually did it the other day. With them.

Roy: 9:36

Did you did you buy more looks I know, during all this, you will,

Jaime: 9:39

I ran I ran out of ETH to so I didn't have enough gas to do it. I keep all my stuff in wrapped ether. And I was only kind of like, serious about thinking it was a good idea. So I just said fuck it.

Roy: 9:54

Yeah, someone bought 600 eth worth cheering all of it. And the price rocketed. It's sort of like settled a bit now. But yeah. Crazy, crazy, crazy crazy. I'm looking at the hackers wallet now they have 600. And so they've been transferring the NFT's to themselves and then selling some of them. And they've sold 641 eth worth 1.8 million and then presumably still have a ton of NFT's. Yeah, I was gonna mention they reverse so yeah,

Jaime: 10:26

okay, go ahead, cuz he's got a new tweet. I don't know if you've seen this one. He said, I'm too lazy to check my emails, no phishing. He's claiming he did not get fished. But he did in fact lose stuff to the hacker.

Roy: 10:36

Yeah, it's very strange. He Yeah. So maybe again, it was some other website, some mint, some links.

Jaime: 10:43

I mean, lots of people get phished and don't think they got phished. I don't think you can necessarily. Yeah, he that. Sure. You didn't.

Roy: 10:51

Yeah. He's theoretically meant to be one of the smarter,

Jaime: 10:56

right. Which is, which is why he wants to at least convince us maybe that he did get phished.

Roy: 11:03

Yeah.

Jaime: 11:05

Who knows. But as of the time we finally decided to record it seemed like the exploiter had not taken anything in about 26 minutes, so it seemed like it was done. I wonder if we should check again.

Roy: 11:19

Yeah, I'm looking at looking at right now. It's, um, they've been getting random. Like people sending 0.00069 eath and stuff to the hacker,

Jaime: 11:32

right? Like, why are people just looking at their wallet so much right now? It's a fun little way away.

Roy: 11:40

Yeah. But both I mean, open sea has deleted the account basically mean, you can't view it on OpenSea. And ether scan has this big red banner saying there are reports this address was used in the phishing scam. So

Jaime: 11:55

yeah, still nothing new in the last half hour or whatever.

Roy: 11:59

I'm trying to click on ERC721 token transactions, but ether scan is really struggling. But

Jaime: 12:08

this has been the most breaking of any thing that's happened. Ever, like fall in relation to a recording? Yeah, I mean, we were literally talking about the news of the week and you're like, is there anything more NFT specific to these two? And then bam. Yeah, almost. This is very almost too suspicious Roy. All right, let's let's wrap up the news of the week segment though, because now we're just not saying anything new.

Roy: 12:40

I'm going to read one last tweet, which is okay. Someone's saying they just got robbed. They don't know why. They only signed their wallet to four things in the last days premint, baitverse and collab.land. I don't know what baitverse is...

Jaime: 12:54

I don't know what the first... I only know what collab.land is. Yeah. What's the other one?

Roy: 12:59

I mean? premint is like this site that a lot of discord used to run like giveaways for like mint lists. They say you connect your wallet here. And we'll randomly pick some

Jaime: 13:12

So when this person is saying that too, yeah, I always take that with a grain of salt. They're saying I did one that I think was premint. I did one that I think was collabland. And I did one that I... but can't can't really be sure when somebody is just tweeting something.

Roy: 13:28

Yeah, they they they share their eth address and everything. So anyone can look at what they can actually look. Yeah. So hopefully. Yeah. Someone says, Oh, this was not the actual premint something.

Jaime: 13:41

Right, right. We need more smart ethical people, though, for sure. In the space.

Roy: 13:46

There's a lot, thankfully. But yeah,

Jaime: 13:47

there are but we need more. And we need to have more tools that people know how to use to do things like revoke access. Yes. For NFT's. Create new wallets, all just all the stuff,

Roy: 14:02

all of it. Yeah.

Jaime: 14:05

People need to have more educate. Oh, I really wanted to move on. But now I'm thinking of another thing we saw a lot. A lot of people talking about disconnecting from sites on metamask. And this is a this is a common thing, when there's any sort of like exploit that's going around a lot is that people will say to disconnect your site. I'm sorry, disconnect your wallet from sites on metamask and that doesn't do anything. If you've given approvals that's that's over on the blockchain and disconnecting your wallet from the website does not change that and it doesn't save you. Yeah. So just want to put that out there. And you're seeing a lot of people who, you know, ought to know better even entire projects from the official Twitter account, tweeting out to do that as if that is a way to stop this.

Roy: 14:58

There's just so much misinformation out there from everyone. Like, I mean, I think go back four or five months, I thought that that would probably protect me to some extent.

Jaime: 15:08

Right. You know, we're all learning,

Roy: 15:11

or like, you know, the if you have listings on OpenSea sending them to another wallet, we'll cancel them. I thought that was the case for a while... it's not Yeah.

Jaime: 15:23

I don't want any of our stuff to get stolen. But it would be good for the podcast, it would just be like, that'd be great.

Roy: 15:31

It will be... Yeah. I also do not want any of us stuff to get stolen.

Jaime: 15:37

Yeah. Keep it something very low value.

Roy: 15:39

Yeah. I mean, I was panicking for the first 20 minutes when this was happening when there's so much uncertainty. And then I just sort of got to a point where I was like, yeah, if it happens, it happens. Like, I'm...

Jaime: 15:52

You're stoic, buddist...

Roy: 15:53

Exactly. Yeah. I mean, I could click some buttons and potentially save some stuff and transfer some stuff. But you know, at the end of the day, you have maybe a hacker, maybe the hacker really needs it. Maybe they have their child is in hospital with cancer. They can't pay the bills. And

Jaime: 16:13

maybe in Denzel Washington...

Roy: 16:16

I have no idea what you're talking about. Yeah. Oh, Jamie just dropped his hardware wallet. Yeah, I'm pretty sure I, I mean, I know that I dropped one of my old ones several times. And it just stopped working. So

Jaime: 16:39

I dropped this thing all the time. So yeah.

Roy: 16:45

All right. It's good way to bookend this segment. Yeah.

Jaime: 16:50

News of the Week.

Roy: 16:51

Oh we didn't start with that. News of the Week. Bored Ape Yatch Club.

Jaime: 16:58

Roy, talk to me about the Bored Ape Yatch Club. This is the second time we recorded this segment. Because the first time you thought we were taking a break, and I just happened to be talking about it.

Roy: 17:08

Well, alright, um,

Jaime: 17:10

you're really zoned out there. Geez,

Roy: 17:13

I was I thought we were taking... anyway. The Bored Ape Yatch Club is great. It's been exciting, I guess, a couple of weeks despite no, I mean, everyone's waiting for Ape Coin.

Jaime: 17:26

The founders were doxxed. That was the biggest drop at any point. Yes. happened. Between recordings.

Roy: 17:31

The founders had their identities revealed against their desires.

Jaime: 17:37

Yeah. By Buzzfeed. Yes, I almost had Buzzsprout. Our podcast, our podcast, hosting provider.

Roy: 17:46

platform. Yeah. Yeah. And we all got to see what they look like. And I guess know their names and, like, cool, nice,

Jaime: 17:55

and that they didn't have anything suspicious in their background that made the dogs worth it. You know, we're more upset, though. Honestly, on Twitter, like a lot more upset about it than I personally was. I like you they wanted to remain anonymous. Yes. And you could also argue pretty reasonably, I suppose that you're putting them in some amount of danger by exposing them because they're rich or whatever, or theoretically rich now because of this. But it didn't seem like it was as big of a deal to me. As a lot of people on Twitter were acting like, like, we got to burn BuzzFeed to the ground or whatever.

Roy: 18:36

Yeah. Yeah. I mean, I was pretty...

Jaime: 18:39

I was [...] for them. Yeah. But I didn't think it was like, This is the worst thing that any media entity has ever done. Right. Let's, let's keep that. Yeah. in check, perhaps. And it certainly seems like nothing bad has happened to them. Yeah. As a result of it.

Roy: 18:55

So far, so good. There was a I think 20 to 30 minute interview that came out today or yesterday with the CEO of Yuga Labs. Nicole Muniz, I think is her name. And yeah, I mean, that was interesting. I honestly, wasn't

Jaime: 19:15

AKA bestrange. be strange. Yeah. moniker be strange.

Roy: 19:20

I mean, for someone that has owned apes for eight months, I was not aware that she was the CEO. I didn't even know that they really had a CEO. Obviously, it makes sense. But in my mind, it was always just like the team.

Jaime: 19:33

the four guys on the team. Yeah. Yeah, I read about her in the I think Farokh's rug radio interview. They got into the details of who else is around and mentioned her specifically.

Roy: 19:48

Yeah, I thought it was a cool interview.

Jaime: 19:50

It was good. We can link in the show notes.

Roy: 19:53

She spoke really well. Yeah. About YugaLabs and the Bored Ape Yatch Club, obviously. I think an interesting, one of the interesting takeaways was how it seems like. Well, obviously her focus, the CEO of YugaLabs is growing YugaLabs. And it's not necessarily as specific to the Bored Ape Yatch Club. And I think, you know, the interviewer was asking about how they might be looking to make the ecosystem more accessible. Because you know, people can't be most people can't be a thing into the Bored Ape, or even a mutant or a dog now, because they're like, right, 30, $40,000 up to 200 $300,000. So, you know, is it going to be more affordable option? What's that? And she was? Basically, she said, Yes, but without giving out too many details.

Jaime: 20:44

Also even said soon, I think but then she tried to get pin down to saying within a month and wouldn't confirm that, yeah.

Roy: 20:52

Well, I mean, that's exciting. Yeah. But not surprising, either, I think.

Jaime: 20:58

Like I mentioned. Yeah, sorry. Um, the tweet thread that YugaLabs put out, I feel like it was maybe in November, something also definitely alluded to YugaLabs is bigger than the Bored Ape Yatch Club, Bored Ape Yatch Club is a thing under it. They also specifically said that like, so here's YugaLabs up here. Here's the Bored Ape Yatch Club, we want to fully decentralize this, and just have it be a thing that you have started, but now it's not even ours at all. And it seems like that is so ambitious, and so difficult, legally to do right now. But that, you know, they're they're okay with it taking a long time. And that's an aspiration of theirs, which is friggin awesome. And is, legitimately one of the reasons why I haven't just sold now that we're at, like, 100 eth floor, like, the run up has been so crazy, the percentage of my net worth that is in this one NFT is so huge, that it just makes a ton of sense to sell it, but it's just it seems so much like the cream of the crop, and if they can actually successfully somehow, you know, through, you know, patiently waiting for legislation and having all the lawyers look at all the ways to do it, actually transition to a literal form of ownership of the entity that is the Bored Ape Yatch Club, to the NFT holders, that that would be amazing. Yeah. Because, you know, that's, that is like always been sort of my main qualm with the the value that some of these things are. And then like, specifically, the way people justify those values, is that they're just conflating ownership of the NFT with ownership of the project. And that's that, you know, it says, that's just not a thing. But they are literally aspiring to do that. And also aware that you can't just go, it exists, and you all have it without having huge legal ramifications that are negative. So trying to do it in like a slow, methodical way that leads the path to, you know, like, actually, this goes back to the interview, and the quote you did on Twitter, where she was saying, you know, in Back to the Future, there's that quote, where we're going, there's no roads, you think we want to build the roads, and that the road from ownership from the creators and the and the and that like the LLC that actually spun it off, YugaLabs LLC, to the NFT holders, that's a that's a fucking road that a lot of projects are interested in. But the road does not exist yet in any sort of real legal sense.

Roy: 23:42

Yeah, it's, it's ambitious, but it if anyone's gonna pull it off there, and one of the most Yeah, excellent positions to do it, and based on just how they've sort of acted, and just basically their actions over the last almost a year, gives me confidence that they're, you know, they're in with a really good shot at pulling it off. And

Jaime: 24:08

relatively speaking, I mean, like that, a really good shot of pulling it off might mean it's, there's only a 15% chance that they can succeed, or something, but like, it's also a thing that I think will if, if it succeeds, the differential that it puts between them and say something like, you know, on the on the old end LarvaLabs and punks and on the new when something like you know, CloneX and Nike, it's just, it's, you know, really separate them and make them like, very much that web3 ethos that a lot of people, you know, are sort of trying to build towards.

Roy: 24:42

Yeah, yeah, it's wild. And it's. Yeah, it's exciting. I mean, like, if it's still around in 50 years, 100 years, it's honestly it'd be like learning a tiny piece of Disney from 100 years ago. or something crazy? Owning Disney? Yeah. Let me what else do we have on our list?

Jaime: 25:09

Well, there was the Super Bowl. There was tons and tons of rumors about the halftime show. Nothing aside from the fact that Eminem and Snoop Dogg both our owners performed happen in the halftime show related to it. Von Miller, another owner, plays on the Rams had a great game, and they won the Super Bowl. So congrats to him. First ever Bored Ape Yatch Club member to win the Super Bowl. And the other thing was that there was like, a lot of crypto commercials and there was sort of rumors, then there would be something. And the most direct thing was that there was an I believe it's eToro commercial. And they had like a bunch of people flying through the air or whatever, in one of the scenes. And in the background. One of them was an Ape.

Roy: 25:56

Ah, but yeah, I

Jaime: 25:57

But it was very difficult to see,

Roy: 25:59

yeah. I heard about the Coinbase had some big commercial. And then like, I think it was like a QR code on the screen. And people saw it, and then the website went down.

Jaime: 26:09

Yeah. You ever see like those screensavers? where someone's just bouncing around? Yeah, yeah, it was a QR code just like that going around the screen. And it was just silent for like, 30 seconds. Me and Jim, were watching it going. I know, they think that we're going to pull our phones out. But we are absolutely not going to do that. But then I saw I guess a lot of people on Twitter, were definitely doing it. And then it crashed the site. Because so many people were doing it

Roy: 26:30

always memes like $16 million for 30 seconds, but not enough money for your service. Right? Yeah,

Jaime: 26:37

yeah, I don't I literally don't understand how, like server backends work and how, yeah, I don't get it. I literally don't get it. Yeah. How hard it is to just spin up more. Yeah, Amazon Web Services instances or whatever, to have that. But I continuously get negatively impressed when these things just can't support the traffic that comes

Roy: 27:05

right like OpenSea is down all the time. And if it wasn't the case of saying, let's just throw more money at it, it seems like they would have fixed it by now. Yeah.

Jaime: 27:12

And another specific one that I remember. And this is sort of ancient tests at this point. But all of the every time there was a Zed drop, it was just such a disaster. Yeah. I mean, it was it just seemed like did you not know that this was going to happen to happen the last four times? Yeah, what's going on?

Roy: 27:30

I think Zed at least had something to do with the polygon network. Yeah.

Jaime: 27:34

Something like... Like the images were not refreshing and that they're obviously not pulling off of the blockchain, so the website itself was was definitely terrible. But I think those are the things we wanted to talk about. Right?

Roy: 27:51

I think so. And ape coin is, again, Q1.

Jaime: 27:55

Q1 we were told... actually, write on Twitter, somebody was suggesting that if the crypto market in general is just bearish enough, they could see them delaying it just because it wouldn't be the right time to come out. No idea if there's, if that's a good idea or credible, but it was something I read that was interesting enough for me to to make note. And then things are a little bit bearish right now, you know, we kind of would crest it up to 3200 or something in eth. And now we're down to 2750 or so. Yeah, we're just kind of ranging.

Roy: 28:29

Yeah. There's a lot of I guess, potential FUD going on people talking about some executive order coming out from Biden, I don't know to regulate crypto in some negative way...

Jaime: 28:41

I read a thing like three weeks ago or something. I haven't heard anything newer than that. But that one was basically just, you know, the headline was definitely a lot scarier than the article. Now, are you thinking of something that was very recent that...

Roy: 28:58

I think was something more recent, but again, I don't know.

Jaime: 29:02

I guess I'll reserve judgment then. But the thing that I had read was basically then saying, you know, and I'm wildly paraphrasing, crypto is too prevalent now, for us to not have a legal framework within our system more robust than what we currently have. So we're going to have to look at it and, you know, start making actual positions rather than just going everybody in crypto. You have to guess how we're gonna treat all this because we don't actually have anything in writing it. Yeah. seemed more like that. Which is not bad, necessarily. Obviously, I wouldn't put past put it past the federal government to like fuck it up. But it wasn't like we're cracking down on this. Yeah. Which is sort of a headline was being read.

Roy: 29:52

Yeah, I'm reading an article now from two days ago saying Biden expected to issue executive order on crypto and CBDCs next week.

Jaime: 30:02

Yeah, again, I think that that is basically the same thing where it was getting leaked or whatever two weeks. Yeah, he's gonna get in order to look into it, basically. So it's not that bad...

Roy: 30:15

Governmental efficiency.

Jaime: 30:17

Yeah, I mean, and then we could also if we wanted to get political talk about like how Canada is seeming to be making a very good advertisement for crypto right now. But this is the Bored Ape Yatch Club segment and we're wrapping it up so. Bored Ape Yatch Club.

Roy: 30:38

ArtBlocks! Jaime, what has been happening with ArtBlocks?

Jaime: 30:44

We had a new curated project called entretiempos by Marcello Soria Rodriguez, pretty interesting project, actually, I was quite enjoying some of the test mints and I enjoy some of the mints. I'm kind of actively shopping for one that I like, because the price is not too high. And I definitely like a lot of the art in it. I so far haven't found any close enough to the floor that I like enough to buy, but it's definitely a project that I want to collect at least one piece from.

Roy: 31:21

Yeah, they're very interesting. And again, like quite different to anything else curated.

Jaime: 31:27

Yeah. And, and is one of these ones that very much reminds me of, you know, what I call traditional art basically just, you know, pre NFT abstract art. And the artists actually specifically referenced one artist who did a lot of this sort of, so I guess if you look at it, there's basically a lot of sort of overlapping colored circles that are kind of resulting in sort of a lot of like, you know, diamond shapes where things overlap. Here we go. Roy ponent up on screen viewer. So this is a more sort of complex, layered one, but definitely one that I've looked at before and liked a lot. A lot of the other ones are much more sparse with, with there being a lot less a lot less of these on the canvas. I'm sure Roy will pull

Roy: 32:21

I will pull up after Yeah, this one is this is wild, actually.

Jaime: 32:24

And they mostly don't keep going for this long. This one. Yeah. Rendering.

Roy: 32:30

This is crazy. How's it still going? I was like, you can

Jaime: 32:34

I looked at this specific one a few times. It's crazy. say actually, It's once it starts doing this kind of teal. That's when you know, it's getting at the end.

Roy: 32:42

Even Money that this is earned by punk 6529.

Jaime: 32:46

Oh, my God, I was looking at hyper hashes the other day, and I was like, Yeah, I really liked this one that popped up. Look, let me look at it. And it was of course, 6529Museum.

Roy: 32:54

Yeah. Let's see. No, seven by 999983 or something... Alright, let's go find one that's less happening. Probably anyone that I click on? Let's click on this one. Pretty

Jaime: 33:07

much. Yeah. Like, this one's a lot less. gets over? Yeah, there you go. Most of them are rendering only maybe twice as slow as that one or something and are done very quickly. But they still kind of have a like a hum or Buzz? I don't know. Yeah, um, the, the quality of the video is quite good enough for you to pick that up on the YouTube. But it's it even when it's done rendering, it's not a perfectly static image when you're on the live view.

Roy: 33:35

Oh, I didn't know that.

Jaime: 33:37

Yeah. So like, if you get one with more of a colored background, you can kind of see it's almost got that kind of glitchy thing like XCOPY work is doing where it's kind of flashing, but at a very sort of subtle level. Oh, yeah. And I really was kind of enjoying that when I was reading the artists interview ahead of time.

Roy: 33:56

I clearly have not looked at these enough. Yeah, that is cool.

Jaime: 34:00

I enjoy. It's funny, because when I was starting, and we've talked about this, privately, but also on the podcast, I very, very much was responding to totally static images, because that was my frame of reference for abstract art. But now I'm really growing to appreciate the digital art that is not afraid of the fact that it's digital and is sort of almost proud of it you could say but but just is definitively digital in is doing stuff with that digitation I don't think that's a word that you can't, that you can't do with paint by having it it have some sort of a consistent energy. Yeah. And and you know, so like in something like this or sort of a simple XCOPY thing. It's not a sort of a like big animated thing. It's just It's just a sort of vibrational quality to it a little bit. This one's interesting and nice.

Roy: 35:07

Yeah, I like this one

Jaime: 35:09

seems to have more of a three dimensional depth to me than most of them, though. Yeah. Really feels raised.

Roy: 35:16

Yes. Like it's got like a lot of black and white ones. And then this one has like it begins black and white and then it gets filled in with color. Yeah. You know, do

Jaime: 35:25

you have any of these?

Roy: 35:26

Yes, I'm into the bunch. And I really I like I've read the the oddest did a big write up beforehand, which we're seeing more and more of, and I really enjoyed what I read there was then

Jaime: 35:39

was that the interview that with Jeff Davis, because Jeff, I think Jeff Davis Does an interview with everybody now.

Roy: 35:44

No, wasn't an interview.

Jaime: 35:46

It's, it's what I've been reading lately. But definitely, also artists will sometimes do their own write ups.

Roy: 35:52

It was this this is [...]. And it's like a large write up, you know, okay, so

Jaime: 35:58

I actually didn't read this. I should read it. Yeah, I did. I did read the Jeff Davis interview.

Roy: 36:04

And yeah, you know, I was like, hey, these look cool. I want to get a couple and then I think they dropped to like point two. And basically anytime he curated drops to .2 I'm clicking to create a floor as much as I can. Yeah. And I mean, they're up to .6 now so the market is appreciating them.

Jaime: 36:27

I think I think we've spore last I looked

Roy: 36:30

at we spoken about Para Bellum either. Oh, wait, no, we did. We did. We did. Yes. For sure. We did. Okay, yeah, we did. I'm gonna look at the floor anyway.

Jaime: 36:42

I like the colors and Para Bellum Allah.

Roy: 36:45

I love this green one like this green palette then the line green with a dark green. I think my only secondary market purchase of one has been this this palette color.

Jaime: 36:57

I've been doing art chopping lately and I'm gonna have to do some more to.

Roy: 37:02

You got an XCOPY.

Jaime: 37:03

I got my first ever XCOPY. I got an afterburn. That is cool. Yeah. So now I got a Hirst and a XCOPY. You know, like, because outside of generative art, and almost entirely specifically under the artblocks umbrella, my art collection has been very sparse, but now I've got I've got that Hirst that I've talked about previously that I got quite recently and I got an XCOPY and I would like to start getting a little more photography. And now also finding some more digital abstract artists like myself that are just you know, it's, it's not generative, and it's not figurative, but a lot of a lot of these ones that I'm finding that I really like are already so expensive floor whites, it's tough to get in and like Grant unes and other artists whose work I quite like and his is more of sort of a like minimalism landscapey situation but I really like his stuff again, already has gotten past the point where it's easy for me to just pull the trigger. Yeah, but I'm happy to just kind of slowly make a collection I wanted that Hirst for a while you've known that oh yeah, listeners have known that but I just I couldn't do it at any price. So I just was very patient and then manage the land one at a price now okay for me after a good sale.

Roy: 38:25

How much did you get your XCOPY for?

Jaime: 38:28

Three

Roy: 38:29

That's... for three NFTfi? or just bidding?

Jaime: 38:34

No. On LooksRare collection offer yeah

Roy: 38:40

nice very nice. Yeah, I mean because the floor and OpenSea is 4.2

Jaime: 38:45

Yeah, it's been it's been basically about 3.9 lately with a couple fluctuations either way.

Roy: 38:52

Very tempted to get one.

Jaime: 38:53

Three days ago I mentioned late I saw somebody tweeted the other day they just actually completed their set of these. Yeah, so that's really nice, but the other two are just so much more expensive. That I'm gonna have to just be happy with my Afterburn and I am so...

Roy: 39:09

very nice very nice. Yeah, the floor is slightly lower um looks rare.

Jaime: 39:19

Um, while we're just kind of looking at art, do you want to just pull up the artists that I was just mentioning maybe and just look at our art to talk about or like I'm still interested in

Roy: 39:31

what was the artist you were mentioning like how do you spell?

Jaime: 39:34

Grantyun. And then I also wanted to show the there's a Brazilian guy whose stuff I've really liked lately.

Roy: 39:44

e r a n t.

Jaime: 39:46

Y un.

Roy: 39:49

Un one word?

Jaime: 39:50

I'm not sure but I think superare is the place to find stuff. Ribbon ribbon is is his sort of handle there. All right, but he does like a few different series. One is called like a day in California one's about like the Midwest. And then there's a Japan series and a space series. The Space series is actually the only one that I'm not particularly interested in. But all the other ones that are just short of sort of showing like Americana, kind of, yeah, you know, sort of throwback to sort of like I think like mid 1900s type stuff. But you know, digital and fully grounded into that. I don't know, I just really like it. It's very evocative to me.

Roy: 40:39

This is really nice.

Jaime: 40:42

But by the time I actually it keeps happening. By the time I find these people, you can't get any of their work for five eth or whatever. Hmm. Which is such a battle...

Roy: 40:52

that was pulled up when for 12 eth.

Jaime: 40:55

Yeah, he's becoming bigger. It seems. A day. I mean, that'd be good for me. I'm from fucking from New England.

Roy: 41:04

There we go. Daniel England. Sold for 4 eth 4 months ago. Yeah. So even then, it wasn't it wasn't special or cheap.

Jaime: 41:15

Yeah, no. And I found out about a while ago, actually, yeah, the newer guy. Let me see. So I'll send you a link to this specific piece that I really wanted to pick up. There you go. I just I love it. The inanimate world of the exaggerated it's called an artist's name. It's

Roy: 41:37

a very Damien Hirst like name. It is. Oh, yeah.

Jaime: 41:46

The Artist name is Sales Machado. Only 20. That's pretty amazing. And I saw Dimitri Cherny, AK has collected one of his pieces, or at least one of the pieces. So I'm in good company in appreciating his work.

Roy: 42:02

Yeah. How did you find this artist and this artwork?

Jaime: 42:08

Um, I think they just kind of came across my Twitter feed at some point, to be honest. I can't I can't actually be sure at this point.

Roy: 42:20

Yeah, I've been getting a little more into like one of one art lately. Buying a few pieces here and there. And then a couple of days ago, I just tweeted out asking people to share their work. And because I just felt like, I don't know, collecting more individual like...

Jaime: 42:35

Oh, you know, what else I wanted to buy recently was a lush temples and the one that I wanted to buy was like, a couple 100 Tez more than I had in my wallet. So I didn't get around to doing it yet. But I'm gonna pick it

Roy: 42:46

up some great stuff on Tez. Yeah.

Jaime: 42:49

And that's a really nice work in particular is really interesting and different.

Roy: 42:53

Yeah. I really like this collection from Sarah Richardson, I think is the name.

Jaime: 43:02

What's the name of the...

Roy: 43:04

Story Emporium? Sarahscript is a sort of like, Twitter name, screen name. But actually, I'll go to the website because that probably shows it off better. So it's just like, these fun little, I guess books in his like her style. So she's a Superare artist, I'm pretty sure. Maybe foundation and like I've always liked her work and have bid on a few. But they go up to several eth more than I guess I've been willing to spend. And then she just dropped this collection the other day. And I'm like a sucker for anything. That's art plus, like, word or book related. And my love for Assamica is no secret. Yeah. Para Bellum as well. And now this one is just like it merges all that together. And they're just fun. They're Mimi, The Great Gatsby for Romeo and Juliet. Shower web3.

Jaime: 43:53

Trying to see if there's any from a book that I've actually read and loved.

Roy: 43:58

Um, have you read? Catherine in the defi?

Jaime: 44:03

No. But that Carie used to be obsessed with that book. Yeah. Yeah, I'm working on right now Of Mice and Men. I also have not read 20,000 leagues I haven't read. But there's

Roy: 44:18

so many books.

Jaime: 44:19

But there's so many great books that I have not read. So

Roy: 44:22

have you read A Tale of Two Cities?

Jaime: 44:25

I have not. By the way, I thought for the longest time that that was about the same city and it's just about how I'm not kidding. I thought it was like a class commentary or whatever. But it turns out it's about one in in Paris. I felt very embarrassed when I found that out and was like, definitely telling person. No, no, that's not what it's about.

Roy: 44:43

Yeah, I remember. I think the very first time I heard about it was an episode of Friends where Joey is like doing a play. And he's like, telling someone that he's doing this play and he's really excited for he's like, I'm gonna pick New York and Yeah. And then obviously from The Simpsons, it was the best of times it was the worst of times.

Jaime: 45:09

I have not watched forever. We're pretty. These are artblocks. We're talking about our blocks right now? Yeah.

Roy: 45:15

Yeah.

Jaime: 45:15

All right. We'll wrap this segment up then. ArtBlocks!

Roy: 45:18

ArtBlocks!

Jaime: 45:22

Roy, you were just doing something interesting. Across the world, right? You were jet setting what happened?

Roy: 45:28

I was in Dubai. I was filming a video educational course for NASAcademy. So NASacademy is like this masterclass style website, you know, where people who have knowledge in certain areas can go and create courses that other people can then go and take to learn about this, that or the other. So they have photographers they have, you know, chefs, they have, you know, the most obvious it's basically like masterclass where you get, like Gordon Ramsay, or you know, whoever famous person,

Jaime: 46:02

Daniel Negranu, I believe has one.

Roy: 46:04

Yeah, there you go. Except apparently, it's very difficult to get a masterclass to extremely particular about who they work with. I think they only have like 100 creators. And so this is like the master class for everyone else. And, yeah, so NASAcademy, they've been moving more towards doing crypto related content over the last few months, they did a, like an intro to crypto and NFT's course with Benue, who is one of the founders of curious ADDYs. And then I think that they just released a course with Randi Zuckerberg. And then

Jaime: 46:36

Any relation to mark?

Roy: 46:39

Yes, sister. Okay. She's been getting into the empty space a lot over the last couple of months. And it's cool to see. She was an advisor for MetaAngels, that really awesome project that recently came out and stuff like that. And then yeah, so I did a course with them, basically, on how to launch an NFT project, which is such a huge topic that I did, I think we recorded like 15 hours of content. And they're going to turn that into like a 10 to 12 hour course after cutting out and editing and stuff. And I still feel like I barely scratched the surface. And people gonna have infinity questions at the end of it. But it wasn't meant to be an all encompassing, comprehensive, this is all you ever need to know. But I guess, if you are interested in launching an NFT project, here are some useful things that you should know and think about now probably takes four months of work to actually set up the project,

Jaime: 47:34

Technical stuff, more so or less so would you say?

Roy: 47:39

Less so technical, we covered a little bit about that. But it was like a little bit on where might you go to find devs couple of resources and ways to find them. And then options for actually launching. Like, if you don't want to, then there are a couple of websites you can use to like launch an NFT project from now. As well as just like the basic option of minting on OpenSea, if you're just like a water, like, you know, like you did if you're interested in visual artists creator who wants to just list some things, and that's a decent option.

Jaime: 48:13

It's becoming, it seems like less and less of a good option as the sort of competition for easy to use custom contracts is just it's just better now. And it's getting better every day. It's it's easier and easier for people to use something like manifold at this point, right?

Roy: 48:35

Yeah, there's just yeah, as you said, there's competition heating up. And there's tons of good options. We showed two of them on the course. One is frame and one is easily. And they're basically both just like drag and drop, drop down menus, you know, that kind of stuff you have in your collection, name, your min price, we'll you know, we can help you sell it and everything you get your custom contract. Yeah, so I mean, that was basically all of last week, we shot Monday to Thursday, you know, 8-10 hours a day. It was a lot. But I mean, yeah, it really made me respect actors that much more. Because obviously, it's a lot of work being an actor, but seeing it firsthand. And, you know,

Jaime: 49:22

or at least when you're working it's a lot of work. Right? Right. Yeah, sometimes. But it

Roy: 49:27

was cool. It was really cool experience got to see and do something very new.

Jaime: 49:32

When do you know what it'll be live? Or if you're gonna have a promo code or any of that shit?

Roy: 49:37

Um, yes, I think they're gonna start. We have a meeting on Monday to discuss like details, but we're thinking they'll start selling access to it in about two weeks and the course itself will launch in about a month. It will be free to anyone who holds a ZenAcademy or 333 Club NFT. The price for everyone else hasn't been figured out yet. Yeah, I'll know more on Monday, they'll probably be some sort of promo code as well for listeners and other people in the community who don't have a ZenAcademy NFT. And we're sort of thinking of dill. Anyone who completes the course. You know, there's like modules and tests you have to do by the end. We're thinking of giving anyone like a special NFT that's like a ZenAcademy collaboration.

Jaime: 50:25

Like a POAP?

Roy: 50:25

Not a POAP. An actual NFT, not the POAPs are not NFT's. But you know what I mean. Um, and most likely, we're gonna come up with some way to have that NFT give people access to ZenAcademy as well for you know, a few months or till the end of the year or something as another way that people can join without having to now buy the Genesis token, which is .3 eth $900 or something. So I think that's cool. And

Jaime: 50:58

yeah, sadly, Roy. .3 eth is no longer $900 were.

Roy: 51:03

$810 or whatever it is now.

Jaime: 51:06

It starts with a two again,

Roy: 51:08

it does start with a two. But yeah, that was that was my last week. And I mean, ZenAcademy, ZenAcademy in general has continued to be exciting. We have like six, five to eight people working mostly part time on various aspects of it. And I just trying to do more...

Jaime: 51:31

you can't tell if it's 5, 6, 7 or 8?

Roy: 51:35

Um, there are a couple people who, whether or not they're actually working on ZenAcademy or not, it's hard to say like Vitor, he's helping us with the Two Bored Apes in the ZenAcademy Discord, so? Yeah. Anyway, there's a bunch of people now who are in a more efficient...

Jaime: 51:52

I was hoping it wasn't a thing where like, you don't necessarily consider these types of people full humans or anything like that.

Roy: 52:00

No, nothing that's on the list. Okay, good. Yeah. Yeah.

Jaime: 52:04

And get canceled for that kind of thing these days. Yeah, yeah.

Roy: 52:09

I mean, I feel pretty safe that I'm not gonna get canceled for anything. But who knows? Who knows in this day and age? Yeah, so a lot of cool and exciting stuff happening. It's ZenAcademy. I think next couple of months is going to be great. Next couple of years is gonna be great. It's fun. It's cool.

Jaime: 52:28

Cool. Yeah, that's so crazy. Like, yeah, both just We're both just basically at the one year anniversary of caring about NFT's...

Roy: 52:36

or even knowing what they were. I've got my first NFT March 14 2021. So that's the anniversary is coming up soon. might do something cool for that.

Jaime: 52:47

Yeah, I think I'm actually like, literally four days away from the anniversary of when I read packages thing and was like, holy shit.

Roy: 52:54

Yeah.

Jaime: 52:57

Crazy that it's, it's been less than one year.

Roy: 53:00

Absolutely crazy. So much.

Jaime: 53:04

Yeah, it's wild. Yeah, we're hosting a podcast about it. Right, right this second.

Roy: 53:09

And this is episode 31 as well.

Jaime: 53:13

And we recorded probably seven episodes before we actually released any Yeah, we're figuring out what the hell we were actually going to do on the air so to speak. Now speaking of things that we do on the air lately, we've been doing a fun game. It's called What What am I thinking?

Roy: 53:30

And one thing the fans love it,

Jaime: 53:32

we're enjoying it and we're going to play again right now. And do you want to explain to the listeners how it works if

Roy: 53:39

you haven't heard Oh, "what am I thinking" it's a game where Jaime and I will both will go three to

Jaime: 53:48

case it'll be the two of us.

Roy: 53:50

We each think of a word or like a short phrase and we go three to one and then we say it at the same time. And so for example it could be America and chicken and then we will both try and think of a word with any answer exactly in between those two KFC would be a great answer. I would probably come up with a Jamie oh and then you just keep going until you get the same word and we started using it as a way to give out like POAP's and use that as like the password to caim the POAPs but POAPs are like the Bane in our existence and even mostly Vitor's existence. Has really been a saint for handling all that. Yeah.

Jaime: 54:30

And to the listeners to the listener excited to get them and just not Yeah, I'm basically I'm ready. No, I'm ready.

Roy: 54:38

Um, let me think of a word. Okay.

Jaime: 54:45

3, 2, 1, Himalayas.

Roy: 54:48

Stress.

Jaime: 54:50

Stress in the Himalayas. Okay. Okay, I think okay, we can get somewhere here.

Roy: 54:56

I think I think we can Ready?

Jaime: 55:01

Sure. 3, 2, 1, Tibet.

Roy: 55:08

Monk.

Jaime: 55:09

Yeah, Tibet and Monk. Okay. Ready 3, 2, 1... Buddhism

Roy: 55:15

Buddhism

Jaime: 55:16

Yes. Yes, that was the that was our best performance ever by

Roy: 55:21

By far! By so far I was getting pretty close to saying Tibet as well but

Jaime: 55:27

I did salt the other day as I hit one of those Himalayan salt on my desk I don't know if I'm gonna be able to get this over to the NO I'm NOT GONNA the court is not long enough but yeah, that's where I got salt from the other day that's where I got Himalayas from. If you could seeover here on the desk we could get to like what Yeah, I got

Roy: 55:45

this I don't know if you're gonna come up this it's coming in and out. Yeah, it's just mug and it's got a slough on it and says anti stress something Ah, there you go. And so I was like stress Yeah,

Jaime: 55:59

Swiss Army Knife might be coming up next keep that in mind this this has been episode 31 of I almost said the longshot podcast...

Roy: 56:09

oh boy. That's a great podcast.

Jaime: 56:12

of two words it is but not the one that people will find if they search for it because there's no this is this is so off topic. Anyway, this has been episode 31 Do we have anything we want to say directly Oh,

Roy: 56:26

if no yeah, we'd appreciate it if you review and share this with friends yeah, right get man

Jaime: 56:32

leave a review give us a good rating. Spread the word.

Roy: 56:35

This is on YouTube right now. So subscribe to the channel that's greatly appreciated. Yeah, that's it. That's it.

Jaime: 56:43

Yeah, you can you know where to find us and if you don't just look in the show notes for any episode we'll have everything relevant that you might want to find us at there.

Roy: 56:53

Take care now let's go see if we got our stuff hacked. I don't know

Jaime: 56:56

hopefully not. Fingers crossed.

Intro: 56:59

Two Bored Apes, talking NFT's, De-fi, and some random stuff! uh uh uh uh Two Bored Apes, talking NFT's, De-fi, and some random stuff! uh uh uh uh