Episode 4 - Mutants - They are Insane

Jamie: 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.

Roy: 0:11

On today's episode of Two Board Apes, we talk about mutants, they are insane. We talk about how someone new to NFT's can get involved without breaking the bank and being creative. We talk about blipmaps. We of course talk about ArtBlocks we get very sidetracked many times talking about random stuff. Actually, we even talk about de-fi that's that's a new one. We also do this while sitting in the same room as one another very, very first time. Hope you enjoy

Intro: 0:37

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

Jamie: 0:55

Welcome to episode four of Two Bored Apes. I'm your host, Jamie. And I'm literally here with my friend Roy Roy. How are you?

Roy: 1:02

I'm good. How are you? I'm looking at you.

Jamie: 1:04

I'm looking at you.

Roy: 1:05

Yeah, we're here in Barcelona.

Jamie: 1:06

We're in the same room. Yep. This has never happened before.

Roy: 1:09

We've been in the same room. But we have not recorded a podcast in the same room before.

Jamie: 1:15

And this the acoustics in this room. Very poor. Yeah,

Roy: 1:18

we've been sitting here for literally an hour and a half trying to

Jamie: 1:21

done a lot of testing. It has not come out great.

Roy: 1:24

Probably still not gonna come out. Great. But we'll we will see. That's this is

Jamie: 1:28

a great advertisement. It's gonna be great guys start off off top telling you this is not gonna be a good episode of this podcast. Yeah. But we'll say we have a very talented audio engineer. He's gonna clean it up. And it's gonna sound great. Is that Is that a true statement? Right?

Roy: 1:42

That is true. He can work magic. We believe in him.

Jamie: 1:46

Okay, so do you want to talk about NFTs? Well, I mean, in the intro song, it also says we talk about defi some random stuff. We do talk about random stuff, but defi has not really come up yet. Yeah, I mean, you're talking about staking and farming. Let's talk about NFTs for a little bit

Roy: 2:06

until like NFT's crossed with defi become a thing. Then I'm like, Well, that is a thing.

Jamie: 2:11

We could actually talk about that. There's like NFT-fi and fractional art and stuff like that. Yeah, it's definitely interesting, but they're not super mainstream.

Roy: 2:19

Let's talk about apes.

Jamie: 2:20

Okay. Which which is ape only used to be a big fan of those right?

Roy: 2:24

Bored Ape Yatch Club.

Jamie: 2:26

Oh, hold on. I'm gonna before we even get into the Bored Ape Yatch Club. I was told recently by a loved one of yours. Oh boy that you want tweeted? That if you earned a certain amount of money from NFT's this year, you would get a tattoo of your ape only ape. And now we're at a point where it seems as though you have made that much money from NFT's this year and you do not have a tattoo on yourself. Explain yourself.

Roy: 2:53

I believe all of what you said is accurate. I mean, three or four months ago I was really into this ape only NFT collection. And it feels like more than three at this point. It could have been like five months ago I time is weird. But basically I I think I tweeted it. Maybe I just said it in discord or somewhere but I was like, if I make seven figures in NFT's this year, I'm going to get a tattoo of my favorite Ape only Ape, which is a zoo site. I've since sold at a because someone offered me half an eth for you know a few months ago and that the project seemed dead to me. So it seems a little crazy to get a tattoo of that ape now. But I'm not against the idea of getting a tattoo of an NFT or something in the end.

Jamie: 3:35

fidenza taking her back.

Roy: 3:38

That would be amazing. Yeah, kinda have the

Jamie: 3:41

skin tone of your Fidenza works. Yeah, might only need to get the shape strong. Yeah,

Roy: 3:47

I'll only need like 12 hours of tattoos instead of 40. Okay, so

Jamie: 3:51

we've gotten sidetracked before we even got on a track. But let's, let's actually talk, remind me, what is the name of this podcast? Okay, so what happened? Something happened in the Bored Ape Yatch Club. yesterday. Is that Is that true?

Roy: 4:06

A lot has happened in the Bored Ape Yatch Club, right?

Jamie: 4:08

Do you want to relive what we woke up to yesterday? Or what happened as the day progressed, or the big thing that happened at the end of the day?

Roy: 4:16

Let's start at the top. Yeah, so we woke up yesterday. I think the floor for the board apes was around 40 eth Yes. When we work at 41 and it was like 38 When we went to bed. Yeah. So you know it had gone up. Almost 10% Yeah, pretty good. had been going up.

Jamie: 4:32

Pretty good. Yeah. Just while you sleep. Yeah.

Roy: 4:36

And I guess while we were asleep or shortly after we find out that Steph Curry has a board ape as his Twitter profile picture. He

Jamie: 4:45

bought a Bored Ape Yeah, blue fur one and he changed his profile picture to it on Twitter. He has over 15 million followers. He is a giant figure.

Roy: 4:55

He's so famous and well known in basketball, that I know who he is. I am not a sports fan at all. I did not know who Josh.

Jamie: 5:04

are you tearing me up for your favorite story? Oh God not knowing NBA players.

Roy: 5:09

Are there, sir. I wasn't planning on this.

Jamie: 5:11

This came up yesterday organically but we were talking about how famous Steph Curry is and how Roy bragged he's so famous that even I know who he is referring to himself. But it's maybe 2011 Something like this. Roy and I were in the Bahamas, we're at the Atlantis resort and casino. We're playing a poker tournament Roy's fiddling with his microphone. I'm telling the story. And we got on an elevator or a lift to our United Kingdom listeners.

Roy: 5:46

We do call them lifts I mean in Australia at least.

Jamie: 5:49

Okay, so to my American fans, elevator to the United Kingdom fans lift we got an A lift or an elevator depends on where you're from. Raise those faces, is it okay, so we go up, we get to our floor, the door opens and standing in front of us is Shaquille O'Neal. And that to me, this is a very big deal. I had his his card from LSU his college basketball card was one of my most prized sports cards of all of my giant sports card collection as a kid, but I also am I believe respectful of celebrity so I did not say anything to him. I didn't go hey, Shaquille O'Neal, your Shaquille O'Neal. This is crazy. I'm seeing. So we walked past him. He got on the elevator we got off. We went to our room. When we got in a room I said to Roy, hey, that was crazy, right? Referring to the fact that we just talked fucking Shaquille O'Neal. And Roy goes What?

Roy: 6:47

No, no. Let me finish and then I'll correct you.

Jamie: 6:51

You said like what that guy who was really big? Is that about right

Roy: 6:55

so the way I remember it is we get into the elevator really the elevator Shaquille O'Neal is that he has two friends or bodyguards. That enormous as well. And not as enormous a show not as enormous. I'll give you that. And as soon as we're like alone, Jamie's like, wow, that was crazy. And I was like, yeah, it was a really tall people.

Jamie: 7:17

No, they weren't. That was 16 Oh, yeah, right. And that's just always been a fun story. And then maybe eight years after that I happen to randomly see on the internet, somebody had compiled a list. They had done actual data and research, who is the most recognizable human on our planet. And number one was Shaquille O'Neal, who we get face to face with Android API's. And that's all to circle back that now Roy does know who Steph Curry is. And he has a frickin boy Dave as is that right? And so we woke up with the floor at about 41. And that news, and also that the mutant drop was happening later in the day, and the market was just loving it, loving it. And by the time the noon AirDrop X, the snapshot, followed by the airdrop happened, the floor was up to like 60-64 It was a completely insane day. And then I guess you can start talking about mutants?

Roy: 8:16

Sure. So the mutants, basically,

Jamie: 8:20

let's start with what we knew about mutants beforehand. Yeah, we spoke about

Roy: 8:24

them a bit last week. And essentially nobody really knew much other than when the bored apes were first released. The team said that mutants were coming, it's part of the roadmap, there are going to be mutant apes. That was kind of it.

Jamie: 8:37

Well, they used to like the word breeding. But then also were very specific that you would only need one ape to get a view in via breeding, it wasn't going to be like, you know, standard male female breeding like you have in Zed run or whatever, right?

Roy: 8:51

And so maybe 24 hours before the actual mutant stuff happened. Excuse me. They made an announcement saying, you know, tomorrow night we're going to airdrop, or take a snapshot of everyone who has an ape, and then add drop a serum to every ape holder. And effectively you'll be able to use the serum with your Ape to create a mutant. I think that was what was divulged at the time, but it wasn't again very clear on how it would work. Could you use multiple serums in one ape a lot of unknowns? Yeah, so there was just a lot of hype a lot of build up a lot of people wondering what is going to happen people were saying it's gonna be insane.

Jamie: 9:30

Yeah, we have the mutants are insane meme that was still going around.

Roy: 9:34

And so basically at I think it was 10pm, local time here in Europe, in Barcelona, where we are that they took the snapshot and then an hour after that, they started airdropping, the the serums and it was revealed that there are three types of serums M one m two M three, and they're just different rarities and I guess very different, very different berries and strengths. So there was 7500 of the M one 2492 of the m two so basically all of the rest and then just 8 of the M three

Jamie: 10:06

that is very scarce. Yeah, that is crazy thing that there's 10,000 have to have only that's like as scarce as alien punks. Right. What are there? Seven of those? Maybe

Roy: 10:15

seven? I think nine but maybe? Yeah, maybe it's seven. Anyway, it's very scarce, scarce.

Jamie: 10:23

We were out to dinner at the time together with four other people and we're sitting next to each other, getting so giddy when we saw that there was this special serum that there was only eight of being very hopeful that we got one of them. Yeah, we did not spoiler alert. To get them to

Roy: 10:42

I got an m three. I have three apes. I got two M ones and one m two, right.

Jamie: 10:46

And I've won eight and I got an M one. Which Yeah, what you would expect.

Roy: 10:49

So this this, this happened last night. And as part of the announcement was okay, we're going to drop the serums. And then like half an hour or an hour after that we're going to launch and no one really knew what launch meant. Are they going to tell us how to use the serums? Is there going to be a game is there going to be breeding like just what is launched, no one really knew. And so when they did launch, and it was delayed maybe a couple of hours because of some technical issues. It was

Jamie: 11:16

less than that. But yeah, there was a slight delay in the airdrop. Yes, that shot went fine. Yeah, the airdrop started going fine. It seems as though Roy needs to change the amount of time it takes for his computer to sleep, because the screen keeps going blind. And then he asked a panic Lee move his mouse? No, that's

Roy: 11:33

not what I was doing. I mean, maybe I'm doing it subconsciously. I was just saving the recording in case. I

Jamie: 11:39

see. Okay. Yeah, it seemed like the screen was going blank first, though, because I saw less of a glow on your beautiful face coming off of your laptop screen.

Roy: 11:47

Well, let me try and do that while you talk about the mutants. Okay, well, and

Jamie: 11:50

we're talking about mutants here on over we say,

Roy: 11:54

Boy, we're talking about how they they launched

Jamie: 11:58

a little bit of a hiccup right in the CRM drop. And so they worked that out, and then the serum kept dropping, and then I guess the serums were finished dropping, and then we found out that it was going to be a nine hour Dutch auction, where in addition, basically to the 10,000 capacity of mutants that the existing apes would be able to get there. We're also going to be selling an additional up to I guess, 10,000, because theoretically, the nine hours could have elapsed without them all sewing, but that is sort of ridiculous. And I guess so it started at three s and was going to go down all the way to like point two or something.

Roy: 12:33

Point 1.1 I think and it was basically dropping every second by a fraction of an earth right? And yeah, it was very stealth, like I was so sell that I read the announcement. And I didn't realize that I could connect my wallet and mint on that same page. Right. So I read the announcement, I checked Twitter and discord. I started seeing people talk about how they were minting and I was like, how do you mint? Where's, where's this link? And then I went back to the page. And so if you scrolled right to the bottom, there was a connect Wallet button. And and then you could you could meant these mute names. And so did you talk about how that basically meant there's gonna be 20,000 right up to 20,000 20,000 Mute names. And part of the reasoning for this, they explained this in like a longer form article as well, is that they wanted to basically allow new people to enter the right they wanted to a system, but without sort of taking away from the value of the original ape, so keeping them as exclusive to one board ape, but in a in a way that was different to the dogs, which was sort of a companion to the board apes these these renames like a significant that part of the club that people are already using them as profile pictures, that you're you're part of the ape club, if you have a mutant you just not necessarily as OG I guess, as the originals, you

Jamie: 13:52

know, right. And they've also said specific not just in terms of maybe how people view it, they're not as OG but they've also said specifically in terms of utility, and like benefits later on. The Apes are our premium tier one. The Mutants are below that. And then the dogs are below that. Yeah. So you know that we already had established a bit of a tiered system by having the dogs now they've basically added a third rung that's between the apes and the dogs. So goes apes in stocks. And now do you want to talk about the difference between the M one m two M three, or the way that you can use multiple what

Roy: 14:29

I want to talk a little bit more about the the stealth drop and how that went down?

Jamie: 14:32

Okay, what I want to do, I'm gonna walk over to that table you're at and grab my water that I left. Alright, you

Roy: 14:37

do that? So this stealth drop happened. Dutch auction starting at three and dropping and it was it was crazy. There were just people scrambling to figure out what was happening, deciding whether they wanted to min at 308 Trying to find the eth to mint. And

Jamie: 14:55

there was a lot of good deals in in various NFT projects at the time as people were scrambling to look Good stuff. Yeah, to meet these mutants,

Roy: 15:02

basically, to me, it seemed like literally every other project had their flow drop a bit as people were just undercutting, accepting BOD bot bit bot bids. And that was difficult to spot bids, but

Jamie: 15:16

only bought bids could have been bought to a bot bid bid.

Roy: 15:21

A meta bot. Anyway,

Jamie: 15:25

I was just thought it would be able to do that make believe tongue twister better, but I guess the no point of them is that they twist your tongue up. Yes. And this was not even an established one. I was freestyling.

Roy: 15:36

You're getting very off topic. Let's talk about defi. Where it was

Jamie: 15:42

talking about, people were liquidating other stuff. Yeah, people were just

Roy: 15:45

going crazy to scramble together say three eth to mint one. And I was myself doing the same thing. I was getting eth from my other wallets. And just because, to me, I

Jamie: 15:54

personally, I was hanging out on the balcony with my loved ones. And my loved one was asleep next to you had free raids, yes. Play in the market. Okay. They said,

Roy: 16:05

Yeah, I my logic was many fold. But first off,

Jamie: 16:09

actually, let me just pause you for a second there. The serum itself was an NFT. And those had already had somewhat of a market going on. So we had a rough idea for what a mutant might be worth. Right. And it seemed like the price three was very good, compared to what people were paying for the serums.

Roy: 16:25

Correct? Yes. So I mean, there's so many layers of complexity, right? Flexity to this, but so the serums were going for, let's say six to 10 eth for the basic M one serum. And the m two serum was going for 15 to 30 eth at the time, and I don't think an M three had sold, but they were getting offers of over 100 There was

Jamie: 16:42

a quick offer of I think 100 by proxy, and then I think D pharma tweeted that he would pay 170 And then I saw response to him that said, you've already been outbid by 100 eth so that meant somebody had bid 200 Yeah. Which is insane. But I mean, if you look at the you know, the floor prices of apes and how scarce these em threes work yeah, it is not insane. But the fact that someone just kind of randomly was getting it for free, is frickin insane. It

Roy: 17:07

this is all insane. We didn't say they were right.

Jamie: 17:12

Some of us listened. Yeah, right.

Roy: 17:15

So there was some idea of what the market value for these would be. But also, if you consider how the the team themselves said that they would be sort of a tier above the the dogs and the market was pricing the dog is between four and five eth you could buy these mutants for three eth I mean, you could potentially Bink a very rare mutant by minting it. It just seemed to me like one of the best myths in a long time and so I scrambled together as much as I thought I could. And I got enough to mean seven. And it only dawned on me like an hour after admitted out or the next day that hey, I could have used uni swap. This happens frequently. I often forget that ERC 20 traditional crypto coins are just a thing. I don't believe they always

Jamie: 17:56

you always just go well how do I turn my NFT's into non NFT so I can buy more NFT? Yes, it's all NFT's.

Roy: 18:04

Anyway, that's all I think in so I potentially could have mentioned more but

Jamie: 18:08

actually this is almost a defi thing you did recently buy three coins I did the shortest sci fi but you bought three different coins.

Roy: 18:17

Yes, I did. So a couple of days ago I well to go back a little step further. Maybe over the last month and a half I have bought I have bought my screen just dimmed again. So clearly I Yeah, right now listening today. I tried to anyway, I have bought sushi a bunch and I think that's the main one. And basically I have had ether I was like I'm gonna invest in sushi. I like it I think I want to hold it long term. And then some NFT opportunity comes along a few

Jamie: 18:45

times now it's like when you go back to university Yeah.

Roy: 18:49

But this time, so a few days ago, I was like alright, now I've accumulated quite a significant pile of eighth I've been fortunate I want to pack some of it in some other coins you know convert some to USDC but also some other coins and I'm just going to keep them there. So I got a nice bag of sushi a nice bag of link and a nice bag of soul Solana. And yeah, I mean, I still have loads but I had completely forgotten that I couldn't turn those back into some of these mutants. But we could go into why I pick those three but there's not as interesting it's not it's not that's defined as we talk about NSPS it's not even really define but anyway,

Jamie: 19:27

it's definitely defy right, and any sort of cryptocurrency is a decentralized finance, the way we sort of use it more these days is putting those Kryptos into other smart contracts, do other stuff. But any any financial instrument like a coin that is not centrally controlled is decentralized finance, I think. Yeah, that's not the way the term is used. Right. It's like you have to do something extra with it. Yeah.

Roy: 19:55

Anyway, all right. Mutants I'm in seven. I What I meant to seven and then I mean, the reveal was pretty quick. I think within an hour or two. Yeah, they they revealed them. And I looked at mine and I basically got nothing rare, even moderately rare. I was disappointed for about eight seconds. And then I just realized how fortunate NFT's have been to me good. I can't speak how good entities have been to be and how fortunate I am. And you know, I have seven, I was just again, very happy and ecstatic. So

Jamie: 20:31

seven of these non rare ones that you bought for basically three, and they're all worth more than them.

Roy: 20:35

Yeah. Oh, just kept going up. And I sold one this morning for 8.65. I think the floor now is around seven, but obviously, so a lot more than three. Correct. It's been amazing. And I should

Jamie: 20:45

have stopped hanging out with my loved ones having a conversation on the deck and bought some of these. Yeah, what was wrong? I don't know. I was I was trying to live more outside of the balcony right now. And I'm not even getting an immediate for F profit for recording this podcast like I could have getting a Munich now. Now let's talk a little bit about the differences between this m one m two and M three? Because we've said the numbers of them. But what is the difference?

Roy: 21:10

I don't really know, sir. I know that. I mean, I'm not kidding. I know that the obviously m two and M three are rarer than

Jamie: 21:18

M three is significantly different in that so what basically is happening with the M one and m twos is you pick pick any trait of these bordick bordick Yacht Club apes. And if you make a mutant ape with that ape and the M one or m two, that trait will basically be carried over, but look more mutant like and I guess you can look at the mutants to get an idea for what that means. But basically, they're like more disgusting and mutated, and less kind of clean and ape looking. They look like they've fallen into radioactive waste in a cartoon or something. And they've come out and now they have like growths on them and weird things from the swamp leeches coming out of their mouths and stuff like that. They're they're interesting art for sure. More busy in general. But yeah, so that each individual trait would basically have two different ways it could look one if it you was used with an M one serum and one with an M two serum. And then the M three serum was quite different where they basically it seems like made maybe a dozen or something completely unique special apes that bear basically no relation trait wise back to the existing board API club. They're basically just completely unique. One of the ones they look fucking awesome. I've seen like five of them. And they all look awesome. They do look great. And so basically, if you use that M three on any ape, which is you know, different. You will get one of these one on ones because again, so if you were to use the M one or m two on a gold for eight, you would end up getting a gold for for Yeah, whereas the M three serum, you could use that on the rarest ape or the least rare rape and you would get one of these different.

Roy: 23:04

So you don't want to use it on the floor, right basically.

Jamie: 23:07

No, it just doesn't matter. Right.

Roy: 23:09

But like if you use it on a gold ape, then I'll because you don't lose the gold ape. It's

Jamie: 23:12

right. Yeah, it literally doesn't matter. Yeah. You know, people might argue that because of provenance, or whatever, it's cooler if Yeah, if the M three Munich came from a really rare, right, but regardless, so those look spectacular, a couple of them have sold for like 300 Africa thing, which is pretty insane for basically just a thing that got AirDrop and a couple people were able to successfully mint them. So that was the eight serums of M three that got air dropped. But also some of the people that bought mutants in this Dutch auction, were able to get them as well.

Roy: 23:46

Yeah, really, really, just crazy stuff. And like crazy. Complex, like, definitely confusing. I mean, a lot of people are still figuring out, including me how the serums work and they're also so you can use multiple serums on the same eight.

Jamie: 24:01

So if you have one eight, you can get three mutants out of that one with the M to one with a M one. I don't know why I started with M to the M one one with the m two and one with mp3. Obviously there's not enough mp3 around at all, yeah. Apes to do that. And also not M twos but a lot closer. You can have a lot of apes that do M one and m two but the tiniest little number that can do the M three Yeah. I am curious how many of those one on ones that are worth total. And like what the mechanisms were in the smart contract for the Dutch auction because it's possible they drew like a couple more of these that just didn't randomly get yet. You know, obviously they had to have at very least eight because they knew those were going to happen from the serum. But let's do you want to also talk about the supply dynamics and and holding on because the CRM itself is an NFT so that's a tradable thing. And so a lot of people are not even using those I personally have not used mind yet, because my thought process is basically that as time goes on, there will be more mutants and less serum. So just from a basic scarcity situation study scarcity.

Roy: 25:14

God is mighty him down as

Jamie: 25:17

the, it seems like this serum is something that would go up in value more than the mutant that I would get from my age. But I also want to look specifically at other mutants that have the same traits as my age to see how cool it would look, because there's, you know, artists objective, all this good stuff. And some of the mutants, I think, look cooler than other ones. And if the one that I would get looks sufficiently awesome, I can forego the theoretical extra value that I might get from holding on to the serum and just do it because right now I have no mutants, which is very boring. Immune is much more fun than the serum, I would think. Yes, I agree, or at least interesting to look at. There's something fun about being able to use this here, my guess. But then also, I guess you do get to the point where, you know, they talk about this utility that they're going to add and stuff. There's no utility for the serum other than to create these mutants. Yes. So the next time they're going to provide value to owners of the mutants, I want to have a mutant serum. So maybe I should just do it sooner rather than later.

Roy: 26:17

Yeah, I mean, we have, I'm guessing that the utility added won't be for a while,

Jamie: 26:23

probably, but we don't know. There's also the arcade game. Do you want to talk about that? Or Sure. Quick thing, I guess, yes.

Roy: 26:29

So part of their announcement, they basically said that. I mean, there's a whole story behind it. But effectively, they released a game that anyone can connect their wallet to and play, I think you need to own it needed. You need its own app to play it, you know, I don't think so anyone can play it,

Jamie: 26:43

you basically you can play it. And then if you beat it, they ask you for a wallet address to send the POA P to

Roy: 26:49

Yes. So you get a token price. It's called a POA P which is stands for proof of attendance protocol, I believe. And it's essentially a free NFT that doesn't need it basically never has value. It's just says, Hey, I was here. Maybe they can AirDrop stuff to people who want the game in the future and have that in their wallet. But

Jamie: 27:10

it's just sort of a thing to say I was at this place for this occasion, or I was doing this

Roy: 27:15

or did this thing. Yeah. So that they that's part of the game. And maybe in the future, they'll do more gamification stuff.

Jamie: 27:23

They also said there's like maybe three days or something to beat it. And yes,

Roy: 27:27

that's it. I quickly tried to play on my laptop in bed last night. And it's just not the type of game to do that. My fiancee, Rachel is just about to walk into the room, you're gonna hear a squeaking sound, and a sliding glass door is not super quiet. Alicia has done a pretty good job of opening it quietly.

Jamie: 27:44

It's going very slowly, though. It's gonna take a while before Yeah,

Roy: 27:47

she's in. Okay. So what we're talking about mutants serums, a scarcity scarcity of keeping certain versus getting, right, I think as more people use serums. Because we're going to talk about what's gonna happen with the prices of each if the price of apes mutant apes goes up, then the price of serums will also obviously correspondingly go up at least that amount. But if the price of serums goes higher than the price of a mutant ape, which is what what kind of thinking is going to happen by holding on to a serum and not right invading into a mutant ape, then maybe it might be worth selling our serum and just buying a mutant ape, right.

Jamie: 28:31

But yeah, it also I wonder if it's kind of more fun to have a mutated version of your ape or more fun to kind of get a better variety of traits and looks by just getting a mutant that is kind of nothing like yeah, or originally,

Roy: 28:46

so of the seven I minted. One of them has the dagger and mouth trait. Rare it's slightly rare. Yeah. I love that trait. You know, my three apes, my regulate. They're all floor apes. I like them. I especially like the one I have is my avatar. Partially because I have it as my avatar and I formed an identity with it. But I really love the knife and mouth trait and I really love some other traits as well. It

Jamie: 29:11

was actually very rare. Maybe I like pizza and bubblegum or super. Yeah, maybe maybe dagger is not quite as where I live. Today was like

Roy: 29:20

point 8%. So pretty rad, but it's not crazy. Yeah.

Jamie: 29:24

Pretty darn rare.

Roy: 29:25

Yeah. So that's really cool. And I just love having that eight so I'm not looking to flip that a pacella Eight. Yeah,

Jamie: 29:31

I did some look at more of the mutants because I've definitely seen like, some of the interesting ones to me was like the the rainbow grill which has a regular trait is you know, rare and valued, but I don't think that aesthetically cool. But in these it's like they're more like gemstones and they're like crystals. Yeah, and they're like poking through their lips and stuff. It looks kind of fun and crazy. Rachel's walking through she's refreshed her drink yet looks

Roy: 29:55

like a big glass.

Jamie: 29:56

I just dachser Usually you say fiance.

Roy: 29:59

I think I've said right before Rachel, Rachel, Rachel, Rachel, Rachel, Rachel,

Jamie: 30:04

she's looking at us.

Roy: 30:05

Yeah. All right. So we've spoken about mutants

Jamie: 30:10

we can keep talking about we can definitely. I want to talk a little bit just about the one of ones and how awesome they look. Okay, you don't mind. So the first big sale of one was one that looked to me a lot like Swamp Thing who's very cool. This happens a lot where I just bring up comic book, Derek because you are a comic. I am a very big comic book fan. Alan Moore Swamp Thing is great. Everybody should read it. His series is actually called saga of the Swamp Thing. Anyway, that's off topic. But also on topic. So anyway, this one sold for what 270 or something,

Roy: 30:43

I think that was a fresh one to 2003 to 28th. And

Jamie: 30:47

again, this is one of these one of ones that was either done with the M three serum or somebody just got lucky. minting from the Dutch auction at at three F that are just a little bit below three, I think got this. And somebody bought it for t 20. But it looks awesome. We don't actually have the number of it in front of us unless we're I wanted to look it up. But people could just search mutant ape Yacht Club and look at the highest last sales and you'll be able to see these one on ones. They look very cool. There's another one that's got like a very electric theme going on. It's got like lightning bolts arcing all onto it. It looks

Roy: 31:16

we will post a link in the show notes that to all of the Midnight them three organized

Jamie: 31:21

by Oh yeah, we could just go to the other one. Yeah. And they just, I just want to give a special shout out to them. Because the art on them is awesome. Yeah. And the art on the other ones is something that I have not looked at enough to really talk as much about as I have these awesome one on one of ones.

Roy: 31:38

I really like it like the art on all of them. Yeah, I

Jamie: 31:40

like it in general. From what I've seen. There's a lot of cool stuff. But I wanted to also talk about it reminded me vaguely of that de gens project. I don't know if you remember that one. But I remember thinking that if these projects are ostensibly avatar projects, I'm not sure how much people are going to want for avatars, something that basically reflects poorly on you, and is like self deprecating, I guess that would still sort of to be determined how true that is. But in that sense, some of these mutants are like, for lack of a better word. Gross, right? They have like maggots for shirts. Yeah, stuff like that. But I actually did read someone made a sort of an interesting point on Twitter today, sort of just talking about as we keep pushing forward. This idea of the metaverse and these digital identities, it will be the norm to have them be further and further removed from what you are in reality. And so in that sense, it's it's not as much of a negative to have this like weird, crazy looking thing. Because it's it's sort of this whole different digital. I mean, it's not you don't really have magnets on right. It's just it is just a picture at the end of the day. And if the picture looks cool, if that's sort of fine, but that the de gens project just to go back to that is a little funny, because it's like meta, it's about NFT investors. Yes. Like noodle hands and stuff like that. I don't know it's just and and downward sloping graphs as backgrounds on some of them. They're funny.

Roy: 33:16

Um, yeah, I mean, I think that the the art looks really cool. And I've already seen a ton of people change their Twitter profile pictures to them.

Jamie: 33:24

Do you have any? So how many means to you only sold one? Yes. You have six left plus three? serums. Yeah. Do you know if any of them have laurel wreath, or togas cuz I might actually be interested in arranging some

Roy: 33:38

I do. I'm pretty sure none of them have any of those. Yeah,

Jamie: 33:41

I've seen one toga one. I don't actually know if I was looking at an M one toga and m two. Yeah, I need to definitely do more research and figure out if I want to use this serum and what I want to use it on. Yeah, because it also seems possible if you have somebody that you can trust, that hasn't used their serum on them, but they have traits that you would like to inherent in your muon. You could sort of send the serum to them, have them make the mute and then send you the mute and make some sort of deal like that. Or have them send you the ape and then you make the mutant Yeah, then send back the ape. Just because there's there's certain traits and themes that I'm much more interested in thematically as well as the statically that maybe it would be fun to do that with.

Roy: 34:27

Alright, we've talked about mutants a lot. Is there anything else to say? I mean, I'm sure there is but is there anything else you want?

Jamie: 34:33

There is but I I think that we are not the people to say it because we are only so I mean, I just thought

Roy: 34:39

of something else. I was okay. So I saw a lot of people a lot of apes actually on Twitter basically saying that they didn't like this whole mutant drop are a lot of noname super old people were comparing it to like the me bit drop, where punks essentially a lava labs rather said we're going to drop 20,000 released 20,000 Mbits 11,000 of them are going to be free to be claimed by almost 11,000 by punks owners and those who own order glyphs. And the rest are going to be sold in a public auction, Dutch auction style 2.5 eth. And you know, they sold out basically at that price. A lot of similarities. But I think there are a lot of differences too, obviously, different companies. On a much larger scale, we're in a different state of the market. Like there's so many more people in NFT's right now. The the yoga labs team has like, delivered so much more to the community already.

Jamie: 35:33

Right. Do you remember approximately what the floor of punks was at the time was a very comparable to where apes are now? Or was it even less?

Roy: 35:39

It was definitely less?

Jamie: 35:40

I don't remember exactly. So just as as a fraction of what the main thing is. So in that case, yeah, two and a half of me bits to the punks versus the three of the mutants to the ape, so you can kind of look at that ratio and just sort of see where they're saying this should be as a percentage or that and what sort of strata of new people they're trying to bring into it.

Roy: 36:05

But also one more thing, I think the just the way, and like the the approach is fundamentally different were me bits were designed to be sort of 3d Metaverse, avatars for anyone but I mean punks owners, but everyone. And the mutants are essentially meant to be what the apes are just Twitter profile pictures, part of the club identities and just as a way to expand the club, whereas it just didn't seem to be the same way with amoebas. Right? Well,

Jamie: 36:36

to me, larva Labs is an interesting thing, because a lot of people have talked about, like, have they actually been doing anything since me bits, there's a lot of theoretical talk about what they've been doing behind the scenes, but they're very quiet as far as telling us what they're doing. Whereas the Hugo labs team behind more API club is clearly very actively building stuff. We're excuse me, closing in on the end of what they call roadmap 1.0. And roadmap 2.0 will be starting soon, we can get into that. Actually, I want to talk about what you're talking about a little more here. I think, as far as comparing them to the knee bits, the way the serum works, and allows you to have more control in terms of using it or selling it. And the way that you know, different serums can be used on the same ape, there's just more customizability and control given to the apes over how the mutants are done. To me, it seems like then there was for punk owners to have control over how the mibbit dropped when also there was that huge exploit in the mibbit stralla, which is a big deal. And we can get into that. But I want to keep talking about the people on Twitter who were complaining. The main complaint that I had, not that I had that I saw on Twitter was people basically just saying that, because this drop was a stealth drop. They weren't able to get in on it. And they would have wanted to which sort of defeats the purpose of Estelle strap and I get how they're bummed. But sorry, not not everybody is going to that's the whole point of these NFT's right? They're scarce assets. Yeah, not everybody gets it. Sorry that you only got the one free one from your ape, for instance. Yeah, I

Roy: 38:15

mean, I mean, obviously people who weren't part of the ape club and missed the self drop,

Jamie: 38:18

that's a bummer for them

Roy: 38:20

a lot more to complain about the apes we got a free serum. Yeah, yeah, that's,

Jamie: 38:23

that's worth at least$20,000 According to

Roy: 38:28

any ape complaining about write any of this.

Jamie: 38:30

Now, there's also a difference between complaining about it and going, you know, giving an actual constructive criticism? Yes, I would, I would have thought this would be more interesting, or I feel like you're diluting it. So like, some people have been talking about it, diluting it, I'm thinking that the idea is basically more that the the NFT space is growing and boarded Yacht Club, by adding this is growing with it. And, you know, they're saying that it's making the apes less scarce to me. The Apes are sort of more scarce now. Because the club is bigger, but the number of apes just apes is still only 10,000. So but you know, originally it was 10,000 for the apes. And then when you added the

Roy: 39:16

dog with apes, I mean, the mutant apes is too late. So we got to say, but I think

Jamie: 39:20

context clues 22 minutes. Right, right. Talking about right, but for some reason you need to correct. So you know, originally there was 10,000. And then once you added the dogs, it was basically the apes were 10,000 of 19,500. So the club got bigger, but the apes, to me are getting more scarce. Yep. And the club is getting sort of bigger and more popular. And now with the addition of these 20,000 mutants, they are now what 10 out of 20 39,500 so they're even more scarce. I disagree with the idea that they're diluting the brand. Now you know if you want to get into this specifics of you just you love the ape art. You love the dog art but you dislike the mutant. Okay, but that's it. That's a different argument. Yeah. Yeah, that was the basically the the main complaint I saw was either that I wanted to get in on it and I didn't or I think it's diluting

Roy: 40:17

apes. Yeah. I think that, I mean, there's just power numbers and having a community of 7000, which is roughly where we are at the moment with mood noise and stuff is just so much better than the community of five and a half 1000. Right.

Jamie: 40:32

And, and also, in terms of onboarding new people, like I definitely saw some people on Twitter today. I guess I won't specifically name the project, but they're going, Oh, I'm thinking of selling a blank to to get a mute and, and stuff like that. So I think we're actually going to have probably see more upticks in the club size. Absolutely. And also, one more thing is that, you know, a lot of people that had a single ape, this is a thing that people talk about a lot, but these valuable airdrops is that if they don't want to sell it, it's tough for them to sort of realize that the gains on this huge, you know, unrealized gains and value they've had, but with these airdrops, it gives them a way to sell. Excuse me, these airdropped and FTS, get a ton of value. I mean, let's just, let's take me, for instance, I bought my ape in May, I believe it was for half an ether. And I have not sold it, I have not sold my well I actually, I sold my dog and bought a replacement dog like immediately, but that doesn't really count. And now I have this serum. And if I were to sell the serum at the last price we saw of like seven I've already 14x my investment and still have the original eight, which is like the dog. Yeah, and the dog. And that's an amazing way to allow people who, you know, have smaller NFT portfolios or less F on the sidelines or whatever, yeah, to get that value. And I think that's a great thing. And it allows new people into the club, right and get and can get people at a way lower price point. Yeah, you know, the price for a mutant right now is what, seven or something whereas the price for an ape is like 42 or something. So it's like, a full 6x? Cheaper? Yeah,

Roy: 42:09

it's still not cheap. No, of course not. Yeah.

Jamie: 42:12

I mean, that was another thing we wanted to talk about. But I guess that's sort of a transition. But we were thinking of topics to talk about. And your fiance was talking about how, you know, almost all these NFT's we talked about, even if they're cheap compared to punks, or fidenza, whatever, they're still 1000s of dollars for for these cheaper avatar projects. And she was saying maybe it will be interesting to talk about what are ways that people that want to get into NF T's can get into them without having to spend $1,500 For what we callously might refer to as a inexpensive or cheap NF T.

Roy: 42:46

Yeah, it's a good topic. And I mean, I get asked a lot, what NFT. You know, someone asks me, What should I buy? What is a good entry level NFT? And, you know, obviously, I have lots of questions. And it's like, what are your goals? What is your risk tolerance? What is your budget?

Jamie: 43:05

but what do you like is another thing, it's how do you like, yeah, there's so many different types. Yes, you want something with utility? Do you want pure art? Do you want something that's an avatar? Is this a hybrid? It's not an easy answer at all. And you know, there's been a lot of factory artbox projects, specifically, that you can sort of point people to go well, if you have a budget of you know, under point four ether or whatever, and you want to get one or two pieces, here's a few projects that you can look at, if any of that art speaks to you. And art NFTs are the category of NFT's you're into, check these out. That's been a good thing. And now we've had factory prices go up a lot lately. And so some of those ones that used to be super affordable are now less so I'm thinking specifically sort of of transitions and flour. Yeah. Which were basically down at point one or below point one for quite a while there and now are hovering somewhere around point four, but like even spaghettification, and stuff like that. That's still point one, which is relatively I don't think so point one, I think it is I think it was within today. Anyway, that's that's besides the point. There's other things we could talk about, I want to say. So you can go to non Aetherium chains is a great way to get into NFT's without spending as much. Now obviously, you know, people that are sort of purists will talk about how those chains are less centralized and stuff. And there's probably validity to that. But if if you are just trying to get into NFTs and your budget is sufficiently small, you're definitely going to have a better time getting on one of these other chains. Now if you want to stay on the Etherium chain because you want to be plugged into this bigger market, or you really believe in the tech of Aetherium in a way you don't for these other ones, I would say a important thing to look at is figure out how to monitor gas prices. Because if you can only spend point oh five or point one or something. There's a huge difference between doing this when it's going to cost you point o four eth versus when it's only going costs you point a one five eth or something like that to make your transaction. Now, do you have a good resource you could tell them about for tracking gas?

Roy: 45:07

I have two good resources. Let me one is gas now.org. And that is I mean, that has historically been my go to resource to send people to because I mean, you just tracked everything. But recently, Ethereum changed the way that the network changed the way that they essentially process. Yeah.

Jamie: 45:27

1859, right.

Roy: 45:28

So they had this thing called AIP, which is the Ethereum improvement protocol. 1559 is just the number of it of the recent of the most recent one. And it effectively changed the way that gas is processed in a way to not necessarily make it cheaper, but to make it more reliable and

Jamie: 45:45

consistent. Yes, that was the idea. And it also added that burn mechanism. Oh, yeah. I mean, we were not going to get it. I think we actually talked about it in depth, maybe in a previous episode.

Roy: 45:55

Maybe, Oh, yeah.

Jamie: 45:58

We're four episodes in and we can't remember stuff, all right. But

Roy: 46:02

you get that so much stuff that's outside of the podcast, it's true. The other gas website, I'll recommend, we'll put links to these in the show notes, but block native calm, or native doc native calm, okay. I mean, that's, that's a good resource that that tells you more of how to put in.

Jamie: 46:18

So just specifically with gas now.org, it basically was telling you what gwy to put in, in the old system, and it was a great resource, it still is a good resource. But now this block native one, basically, the way the gas works now, and this is simplifying things is you basically you have a base fee, and then a tip fee. And you can edit both of those in Metamask. If you put your advanced controls on, and this site block native will give you the numbers for both.

Roy: 46:46

Yes, I mean, I think it's, you have the things that you edit, have a tip fee and the max fee, there's a base fee, that's sort of controlled by the theorem network, and you don't touch that. But yeah, there are two fields, you change the tip and the

Jamie: 46:59

and the block made of will give you both of those words. Okay,

Roy: 47:02

gas now won't. But um, yeah, I completely agree with everything Jamie just said about how, if your budget is sufficiently low, you should consider saving up and investing in a theory of NFT later, or looking at alternative blood.

Jamie: 47:16

Right, and what specific alternative blockchains?

Roy: 47:19

I would say Selena is the one that I would that's super new, though, in

Jamie: 47:23

terms of what we've we've actually experimented with and have more of an established market. tezos is sort of, well, I have a salon

Roy: 47:32

NFT I've had on on when you have a lot, right? I have but I I mean, you say it's super new, but I have a salon and have tea. I had one for months before I had a hand.

Jamie: 47:42

Okay, well, if you're gonna make me nail you down like this, right? Compare how many salon FTEs you have, versus how many hen FTEs you have or tasers? And if you have more hand by a lot, yes. Right. And so there's just there's also more options there for buyer, if I'm not mistaken, although that marketplace is confusing to try to navigate,

Unknown: 48:00

it's all very good. But

Jamie: 48:02

either either one is a much cheaper option for your first NFT. Probably then the Ethereum

Roy: 48:08

correct, but there are still I think, good options on the Ethereum blockchain, right 4.1, eth, 4.2 eth. But it is, it is

Jamie: 48:19

tough, a tough pill to swallow. If you're investing point one and the gas fees like a full 10% 15% 20% of that, or you know, you're looking at this, you go, I want to buy it, but now gases is really high right now because of something going on. And you know, I only have an hour before I have to go back to work, or I'm scared that somebody else is gonna buy that. I mean, that's a bummer. If you're trying to get into your first NFT. And you really kind of get your heart set on one to either have to go 30% of my purchase price just for gas, something like that. That does not feel good.

Roy: 48:52

No. And I mean, the other thing to consider is that I mean, if you have, say a budget of point one or point two, on a theorem, you're buying one NFT for that, right? And that's all your eggs in one basket, whereas on another chain, you could split it up into 10. Yeah,

Jamie: 49:05

you could get multiple on on the Etherium chain for point one. But again, because of the gas fees, you're really you're not going to get more than like seven, and the seven would have to be very, very cheaply priced.

Roy: 49:17

Yeah, it's it's unfortunate, but it's just not the Ethereum NFT space is just not very friendly or

Jamie: 49:24

Aetherium ecosystem. It has nothing sort of to do with I mean, it's an offshoot or whatever, but the way that the Ethereum blockchain works, there's just not enough block space per unit of time for you to be able to get an NFT without having to pay a lot of Aetherium relative to the price when you're looking that low on the NFT.

Roy: 49:46

And this is hopefully going to be improved when they release Ethereum three point are they saying in a year or two? Who knows when exactly

Jamie: 49:53

proof of stake in the sharding? Theoretically, the transactions per second, excuse me, again, is going to skyrocket. After Oh,

Roy: 50:00

and layer two solutions polygon

Jamie: 50:04

that's another chain where you can buy trade, sell, etc, NFT's and the gas prices are totally negligible.

Roy: 50:12

And it is essentially also fully backed by the Ethereum blockchain. So

Jamie: 50:17

I'm not sure if that's a correct way to say but it's like a layer two solution. Yeah, to Aetherium. It's a side chain, something like that. We're, we're actually not quite good at this stuff. Yeah.

Roy: 50:27

I don't know. Are you but define the song?

Jamie: 50:30

I guess at the time, we thought we were gonna talk about it more. Yeah. Like, I do think it will increase a bit as we do get more of the, it'll all be sort of the NFT crossover related defi probably, yeah. But I definitely find stuff like NFT, phi and fractional are very interesting. And I'm excited to see those marketplaces get bigger.

Roy: 50:49

Me too. Me too. So I mean, we've sort of said how difficult it is for new people and suggested side chain right,

Jamie: 50:55

I think also a thing that you might want to look at, again, you know, it's, it's a different thing if you're trying to collect versus trying to invest Yeah, we always say to people that if you're thinking of it as an investment, buy something that you're gonna like, even if the investment doesn't work out, because it very well may not that creaking of the sliding glass door probably doesn't sound good or bad. Does listeners raise getting a kick out of

Roy: 51:20

No, I'm just, I'm thinking my wife was doing it is really getting

Jamie: 51:24

a kick out of it. I was I had my back to her. It seems like she was intentionally going slow. I'm getting

Roy: 51:31

the biggest kick out of the juxtaposition of Jamie's wife Kayla, intentionally screeching the door back and forth and loft. And my fiance Rachel was like, very slowly opening the door and tiptoeing past us, and now Kayla's cackling in the next room. It is funny, it's funny.

Jamie: 51:53

We did want to talk or I wanted to talk back to this the subject of cheap NFT's, again. There's a lot of creators that have stuff on open sea that is basically undiscovered. And you can get for rock bottom prices compared to basically any of the stuff we talked about. You know, sort of as a selfish example, myself, when I started my abstract of the day project for the first 50 days of it, I was pricing all of them at point 01 ether, which is I think you can agree a bargain basement price. Yeah. Compared to a lot of this other stuff. And there's tons of creators, yeah, photographers, digital artists, animators, all the different types of creatives have NFT's out there that you can find for very cheap prices, even on the Ethereum blockchain. So if you just go search around on Aetherium, or even look on, you know, that the Schilling channels on Discord or on Twitter, you'll find people that have stuff. And if you find something you like, you can definitely get in very cheap. Now, obviously, the stuff that we talked about, in general, that's popular enough for us to be talking about, and have an expectation that the listeners know about are going to be projects that are pricing out people that are newcomers with small budgets, but there's tons of NFT's out there for people that don't.

Roy: 53:14

Yeah, I agree with all of that. And also, if you're willing to put in the time, like if you're young, you have plenty of spare time and you want to just like hustle, you can join tons of discords follow lots of people on Twitter, people out, they love giving away and there's lots of giveaways. There's raffles, there's a I mean, some very popular artists will release their work in multiple ways. So they'll have some auctions where they you know, they'll sell off for high prices. Or they'll they'll have like a raffle in the discord where you have, say two minutes to enter and then whoever wins that gets to buy it for point or one or something. Right. And, and sometimes you get it for free. And I mean, there's just there are so many opportunities. In the end, some some projects will be like the first 500 members in the discord will get a free mint. And you know, to reward early supporters to build community, and there really aren't I mean, the amount of opportunities there are at the moment is astounding. Like yeah, you can literally start from zero. You just need to minimize wallet and internet connection. Yeah, time. Yeah. And like

Jamie: 54:17

a bit of maybe a Twitter account, maybe yes, court account.

Roy: 54:20

For sure. Just just some some ambition.

Jamie: 54:23

Yeah. One other thing I wanted to say is that you can also create NFTS Yes, like for what I was doing with abstracted days. So again, I started at point o one and then on day 51 My wife is not tiptoeing back out. She's being very, very funny. And then I went up to point O two, five and I remember rice about to spit out his Coca Cola and my wife's antics. Butter but I remember when I went up 2.0 to five and this is very yes Want to give an apology tour? audio engineer? Brian? Yes, good luck with this episode, we are recording on a hardwood floor, which you're not supposed to do. We're recording in a room together with my microphone seems to be picking up, right. So he's gonna have to be anyway, our audio engineer has his work cut out for him. So thank you. Thank you, Bryan, for the work you're gonna have to put in to make this less suitable this week. I think he's probably gonna have to leave in some of the screeching though, because it's it's funny. But maybe at a manageable level? I don't know. Well, we'll see. But yeah, so I remember when I went up to point oh, two, five. And then it was at the point where every four days that I sell these things, I basically am getting a free artblocks factory man. And that was super cool to me. And so you know, if you are an artist that wants to get into the NFT space as a collector, maybe start creating, and then you can use the proceeds, hopefully, from your successful selling to start buying stuff. And that's another way where you literally can just be starting from zero, and build up money and a collection. And I would say, my sister, my sister has invested no money in NFTS didn't buy Aetherium and now has like 1.2 or 1.6 Etherium from her photography and FTEs that she sold. And so she decides that she wants to give her her life seems way too chaotic and busy right now for her to start collecting. But should she want to she now has funds to do it.

Roy: 56:27

I mean, yeah, there really are so many opportunities. Even if you aren't wanting to be a creator, you're not an artist, you can't take great photos. You can work in other ways you can write, you can create content, you can join, like just reach out to people and try and be like a community manager a mod in a discord. Right? There's always projects looking for mods and people to help out. And they'll generally give away free NFT's for that kind of

Jamie: 56:51

when I when I made my what is an NFT post on my substack. At the end of it. I talked about my abstract of the day because it was I think I was on day eight or something at the time. And I said hey, in the comments, leave an Aetherium address. And I will send you one of these for free because nobody seems to care about them. Right now. The market is valuing them at essentially zero. So I'll just send you them for free. And I had a couple people respond and send them. And now the flow is 1.3, something like that. And now I still release them at point oh two, five. So you know, when a new one comes out, people can get it for that. But for ones on offer on the secondary market. Yeah, the the floor is much higher. But actually I had somebody comment on it the other day, put their address, and I was like, unfortunately, is no longer valid. I guess I should maybe edit the post. But yeah, the market actually does appreciate that now, which feels great. And and they sell so I actually don't, I literally don't own any of them anymore, that I can give away for free. I guess theoretically, I could you know, make my next one not put up for sale and send it to that guy, which I might actually do and then edit the post? Yes. Because it is sort of unfair to them that I do it. But anyway, yeah, there's lots of ways to get in shape we have, let's just quickly run down the list because we've gone it, you can go to other chains, you can look for just very cheap stuff on the Etherium chain and buy when gas is low. Yep, you can kind of participate in giveaways on Twitter discord, things like that. And you can also the basically the fourth option was be a creator and start building up an Aetherium bankroll to invest that way,

Roy: 58:26

basically, yeah, and I'm gonna add another one right at the end. You can? Oh, yeah. I was gonna say you can like pitch in with some friends. Oh, yeah, for sure. That's a great idea. By you know, if you have some friends who trust you or want to get an NFT's put in however much you can afford, and then you pay the gas cost one gas cost once,

Jamie: 58:45

right? And it's super fun. We just fun we meet you and one of our friends do a little bit of that together. And it's super fun. Yeah. And it also, you know, some know, obviously, these, you need to trust these people a ton. Yeah, and have great conflict resolution capabilities with them. Because otherwise you miss each other. They say don't fix mix friends and money and stuff like that. Now, obviously, we came from poker, it's impossible not to Yes. And so we sort of have interpersonal skills that allow us to do that without getting pissed. But I'm sure lots of people who didn't come from poker can also do that. And that can be a very fun way to get an NFT. That's sort of a little out of your price range. But you know, split it with two friends, three friends, and now you are all in this fun thing together. And then, like literally, some of the growth on these things is so explosive, that literally in two one week, you can sell it. Now, obviously, this is not the norm. It's not always gonna happen. But in a week, you might be able to sell it for 5x and then all of a sudden, you all have more than your total combined bankroll that you had when you started this thing and now can go off and start building a collection or whatever.

Roy: 59:54

Yeah, we're still so early. There's still so many great opportunities and so much

Jamie: 59:59

money continues to start flowing to NFT's that it seems like if you do some research and buy something good, there is a good chance that people will be willing to pay more for it later.

Roy: 1:00:11

Yeah. All right. What else do we have to talk about?

Jamie: 1:00:15

We always have to talk about artblocks.

Roy: 1:00:17

Oh, yeah, we do. I can't believe we made it an hour. Wow, that's a that's a new record. It's it might never get broken again.

Jamie: 1:00:28

Humans are so insane that we just had to go there first saying

Roy: 1:00:31

Yeah. And then we got sidetracked. And then

Jamie: 1:00:34

we told the track story. Yeah,

Roy: 1:00:36

we started with that. Yeah, actually,

Jamie: 1:00:39

here comes another sidetrack. I can't even remember what this is. But you had remembered an embarrassing story about me that you were going to try to rely on the podcasts that I was trying to convince you that but I actually I literally can't even remember. There's so many could be you know, like for instance, it could be the toilet paper socks. It wasn't I know that. It could be wiping my mouth was trash. We'll get into all these stories. That's

Roy: 1:01:06

actually what I just thought was another story of me of not recognizing someone famous. So I'll get sidetracked and say that and then we'll get back to artblocks. It was

Jamie: 1:01:17

get back to our but we've never gotten. We said to name artblocks.

Roy: 1:01:21

This was a case this happened a couple of years ago in Vegas for your buck. Your bachelor party weekend. You don't call it bucks weekend a week? No,

Jamie: 1:01:32

but we did do a but yeah, we Israeli we say it's a bucks weekend, right? We did a thing where me and Kayla shortly after the engagement went to Edinburgh, which is a favorite city. And we were wearing some sort of T shirts or something that said like bucks and stags or whatever. Yeah, remember what it was, but whatever they do you know what the female side of that is called?

Roy: 1:01:54

Woman's box body I should notice

Jamie: 1:01:57

anyway, we did something like that

Roy: 1:01:59

their tag sounds right. Maybe I don't think maybe it's tags for male as well.

Jamie: 1:02:03

Right? Whatever the whatever it is. This is the least interesting story. We

Roy: 1:02:08

were there in Vegas for it. And we were there for like a week.

Jamie: 1:02:11

I I remember. Well, I had substances in me for a lot of this weekend. But I did not know who you're about to mention. Okay, this

Roy: 1:02:20

is go. So we just had dinner at a Nobu Restaurant. And me and another friend were walking back to our hotels. The friend

Jamie: 1:02:33

specifically I believe, that we just mentioned.

Roy: 1:02:37

Yeah, um, and we basically walked past the taxi rank. And they were just tons of like,

Jamie: 1:02:43

rank a taxi rank. You

Roy: 1:02:44

call it? Yeah. taxi rank. What do you call it?

Jamie: 1:02:47

Are you talking about a line of taxes? I would call that a taxi line.

Roy: 1:02:50

Yeah, we call it a rank. Okay. Well,

Jamie: 1:02:51

there's another thing you're wrong about.

Roy: 1:02:54

You call it?

Jamie: 1:02:56

It's literally a line of taxi.

Roy: 1:02:58

It's not always aligned. Sometimes. Like it's a right. shits rang.

Jamie: 1:03:03

I would accept you because you call lines queues, right?

Roy: 1:03:06

So sidetracked from the previous thing, which was sidetrack right from the previous thing. Anyway, so we're walking past that is a bunch of people, you know, milling around, and I think people try to take photos and like just staring at someone. And again, I'm like, wow, that's that's that's something, huh? And then we walk past and the hub leaves. And our friend looks to me and goes, Wow, that was crazy, right? Yeah, he's like, that was Manny Pacquiao. I got my boxes mixed. Oh

Jamie: 1:03:39

my god.

Roy: 1:03:40

That was on paper. And I was like, Oh, shit, it was embarrassing. I'm not a sports person. If you haven't guessed.

Jamie: 1:03:49

Yeah. Shaquille O'Neal. But you do know Steph Curry.

Roy: 1:03:53

I do know Steph Curry. Although I up until yesterday, I may not have been able to recognize you definitely wouldn't have been able to recognize him like I'd seen him before. But like I wouldn't have been able to recognize you. But I know the name. I want

Jamie: 1:04:05

to give a quick shout out to the Warriors this year that they broke the record for a believe I said Manny. How is it saying the year they broke the record for the greatest regular See, this is so they broke the record for the regular season wins. I think they went 72 and 10 that year or something. And then we're up three to one against the broader the playoffs. That playoff performance by O'Brien was the greatest athletic achievement I have ever seen. It was a stunning performance. And if you look at a stat line from it, it's unbelievable. I've no idea why I'm talking about other than the fact that Steph is now on the board APR club, but boy was that amazing. And I know that there. We have people out there listening that watch that and were as impressed by him. That block against Andre Iguodala. That was a pretty nice

Roy: 1:04:54

look. It's been a crazy week, like we're gonna talk about some specific drops. Yeah, that happened. But last time we recorded this a week ago, we were talking about how insane it was that the floor for fidenza was 100 eth. Right. And it's 250 50 Now that is crazy. It is so crazy.

Jamie: 1:05:15

I now had the the tulip sale had not happened during our last recording. Is that accurate?

Roy: 1:05:21

I don't know. I don't think so. I

Jamie: 1:05:23

don't I don't remember us talking about the biggest ever artblock Yeah, I

Roy: 1:05:25

don't think so. Tulips sale. Tulip. I say tulip. Tulip. You say tulip. I say tulip.

Jamie: 1:05:33

Those sound exactly the same debate. This is another first do it again.

Roy: 1:05:37

Tulip.

Jamie: 1:05:38

Is that what you say? Or what I say? So I say tulip. And I say tulip. Okay right into us and tell us if you can hear a difference between those. Those sound identical we keep saying tulip tulip tulip tulip. Now it's tulip and tulip. Okay, two versus two. Yeah,

Roy: 1:05:55

sure. And to true.

Jamie: 1:05:57

Yeah, this is not interesting. Keep going. Well. Okay, well,

Roy: 1:06:00

we'll talk about the tulip, which was the biggest ever op blog sale, that now was the two full finger sale button.

Jamie: 1:06:08

We keep saying tulip, but there's no project called tulip, correct.

Roy: 1:06:12

The tulip is a name given to this fidenza that sold for 1008. Right, I believe the name was given by the person who bought it right.

Jamie: 1:06:22

And I think that person was five to nine, I was thinking six to five, nine. But you can definitely find them on Twitter quite easily.

Roy: 1:06:29

Yeah. And they, they bought a fidenza for 1000 eth.

Jamie: 1:06:33

Right. And this fidenza kind of has the shape. It's sort of a, I don't want to do the thing yet, where I describe art, because it's easier to do that when you're not looking at me in judgment. But it does kind of sort of have the shape of a two up on a diagonal.

Roy: 1:06:48

Yeah. And so I guess that happened since now. Did

Jamie: 1:06:51

you read his tweet thread where he talked about it? I don't think so. Oh, so he kind of was tying it into the way. You know, a lot of people talk about the tulip bubble when they're trying to sort of insult NFT's or sort of any asset that's gone up a lot that other people sort of think is worthless. People definitely did it with all sorts of Kryptos. And he was sort of trying to reclaim that narrative by making the tulip a beautiful thing and all that stuff. It's sort of an interesting thing. But anyway, this is a beautiful fidenza It was the first ever artblock sale to be four figures in eighth it was sold for exactly 1000. Yes, sir.

Roy: 1:07:33

Yep. Which is crazy, right? Because almost a month before that to the date was the highest ever up look sale. And that was 100 eth.

Jamie: 1:07:42

For also for another fidenza. Oh, wait, maybe

Roy: 1:07:44

that's maybe that is right. That seems crazy, because they were eternal pumps. And there were other things that it was that after the 108 fidenza.

Jamie: 1:07:52

That went for over 100 Year s&p Eternal pumps went after? Yeah, I'm not sure it all kind of started happening so fast. Yeah, either. Either way, they're never raised. There had never been a three figure. Yeah. Ether sale. I'm not maybe six weeks or something. Yes. Before this first ever fourth was crazy.

Roy: 1:08:08

Yeah. And you know, so that happened sometime this week. And you

Jamie: 1:08:12

know, not this week, right? Last week? Oh, yeah. If we

Roy: 1:08:16

recorded this week, like,

Jamie: 1:08:18

right, so it is either I'm wrong that we didn't talk about it, or it did happen this week. Or I think there's a third possibility. Something about it did happen. But we didn't talk about on the last episode. That seems crazy. Yeah, it would have happened. And we didn't record it. Oh, you know, what could happen? It would have happened after the recording. But before the episode was released, yes, that seems possible. I think that's still one of the first three possibilities. So

Roy: 1:08:44

this is not interesting. No, again. Anyway, 1008 fidenza. Yeah, that's huge. Yes. And that was the biggest sale in our blogs for about four days. Right. And then

Jamie: 1:08:55

the goose that's funny, we keep having ones that are sort of nice. But the goose was already established for a long time. So for people that don't know, the goose is a ringer, and the ringer is a project by Dimitri. It's been basically, I would say the most expensive project on artblocks until fidenza is really took off. And then you know, obviously, not obviously, Dimitris playground project is the eternal pump, which we just talked about. Also a super highly valued project, very scarce. But anyway, the this particular ringer looks an awful lot like a gooses head in the middle of it. And it's been a very famous ringer because of it. And it was also owned by a particularly diamond handed collector. So it seemed like it was either not moving at all or it was going to take an awful lot to move it. And then we finally found out this week what it would take

Roy: 1:09:45

I remember I mean, I think we everyone knows the collector or everyone in the Xbox community pixel Pete, he is on the curation board. I

Jamie: 1:09:53

believe he think that might be right. Yeah,

Roy: 1:09:55

I believe so. Yeah, he was on often a Mensa a few weeks back end talking

Jamie: 1:09:59

about Yeah, I kind of watched more of those I've literally watched I think half of the one with Dimitri. And that's it. That's and and when I turned it off, I was like, This is awesome. And I'm gonna watch all of these Roy's making a confused look at his No, I'm just looking at

Roy: 1:10:12

the time and the day. It's gonna start in a couple hours. This reeks like, after an immense Oh, okay, Sunday night here anyway. Yeah, I love them. I catch almost all of them live. And,

Jamie: 1:10:23

oh, have we ever mentioned about the squiggle giveaway? That's a no oh my god. Speaking of ways for people with not a lot of money to get their first NFT. Imagine getting a squiggle

Roy: 1:10:33

that's crazy. So on during after an amends after that amends is basically a weekly video podcast, like a video show hosted on YouTube. And it's run by the blokes team Ponyo in the Xbox community hosts, and snow for was usually there and they usually get and we will definitely have a link in the show notes. I'll have a link to it. And basically that they have guests on either artists and or collectors and or just notable people in the community maybe working on tangential projects and, and things like that. It's very interesting. And at the end of or near the end of every episode, they do what they call the squiggle giveaway, which is essentially a raffle. And the winner winner is is minted or snowpro mints a squiggle for that person

Jamie: 1:11:19

a Chromie. squiggle. Yes. Which

Roy: 1:11:21

is the first project on artblocks.

Jamie: 1:11:23

That's right. It's it's one of the first three when it launched. There was three project correct

Roy: 1:11:28

but it's technically project zero so well. Okay, all the projects are numbered and it is project zero. Okay, so

Jamie: 1:11:34

but also do you know fact? Yes, trivia Genesis. Nevermind.

Roy: 1:11:39

Yeah, it wasn't the first. Yes, it is.

Jamie: 1:11:42

It's one of the original project. Yeah. And it's by the founder of our blocks and

Roy: 1:11:46

it's the logo of artblocks is a squiggle. squiggle. Yeah, iconic. Anyway. These are just basically raffled off each and when they first were raffled off a few months ago, you know, they were they were selling for point two ether was like a fun token thing. Yeah. Well,

Jamie: 1:12:02

I mean, that's also legitimate, too. I mean, $400 is not nothing.

Roy: 1:12:06

No, no, no, it's very, I

Jamie: 1:12:07

was still so that was still a very cool, fun, valuable, generous. Yes, absolutely. But now

Roy: 1:12:15

it is life changing money, if you

Jamie: 1:12:16

Yeah, there. It's also we can get into the rarity thing. But if you get a floor squiggle at this point, it's basically worth 12 ether, which is like$38,000, or something like that is ludicrous. And you know, you can literally if you've got a rare one if you got like a hyper a bold, a perfect spectrum, something like that. You're talking about something that is worth hundreds of 1000s of dollars,

Roy: 1:12:41

actually millions. Yeah, yeah. Anyway.

Jamie: 1:12:45

Uh, man, it's interesting to think about, but I guess like there's never been like a bold perfect spectrum because that could just happen.

Roy: 1:12:51

I suppose. So. Oh, my God.

Jamie: 1:12:54

And one of our listeners could get it for free. Yeah, watching after dinner mints, which they might not have heard about

Roy: 1:13:01

that. Oh, my God. Yeah, we love for that to happen. That would be amazing. Yeah, I would also love to,

Jamie: 1:13:06

of course, of course, but you don't need it. No. need it more. Right. I'm officially going on record saying I hope the winner of the next after dinner men squiggle is not ROI. And it is one of our listeners. I'm very

Roy: 1:13:21

I'm very keen on it. If I win, I'll give away a bunch of stuff. I'll give away somebody will know if I win and I'm getting if I get a squiggle minted by snort for I am never selling that.

Jamie: 1:13:34

I thought you were gonna end that sentence by saying I will give it to one of our listeners. We'll never get rid of it.

Roy: 1:13:40

I will. I will give away another squiggle before that. Okay, now the opposite can you

Jamie: 1:13:44

can we get you on the record is saying, if you win a squiggle from after dinner mints, you will give away one of your two existing squiggles to a listener of this podcast through a fun giveaway. Is that something you can confirm to our giveaway right now? Curator pressure here we go. I'll give away a curated Okay. Which is more reasonable, very significant. It's also crazy. I mean, the floor on curators,

Roy: 1:14:06

I mean, that's like $10,000 Right there. Right but yeah, me if I win and I get a squiggle Minh to buy snow for that's that and my fidenza I'm going to the grave with me. Right? Those are the three things but anyway.

Jamie: 1:14:20

Thank you. Bye. You buried with your ledger. I literally were so sidetracked. I don't even remember what we were talking the goose

Roy: 1:14:27

the goose the goose lose you in goose pixel Pete? Yeah. The goose the goose.

Jamie: 1:14:32

The goose is sold to three arrows capital. Yes, it sold

Roy: 1:14:35

for 1800 eth. Crazy. Crazy. Like 5.5 million. Roughly. Yeah, something like that. US dollars. Yeah.

Jamie: 1:14:45

I was talking to our friend today. This is this might be some alpha that I'm about to give away. But there's a couple elementals Michael Connelly's curator project that also look very much like a thing. Not a goose. But there's there's one that looks a lot like a clown face. And there's one that looks a lot like a bowl or theoretically, you could purchase one of those, purchase both of those and try to get the community to care about them the way they did about this goose ringer, they'll never care about it that way. No, of course, of course. But like, one 100,000 or whatever. Yeah. And you still have something that's Hi, Courtney. Courtney, you probably heard the door squeaking when she came in. And now she's waved to us. And now she's leaving by Courtney.

Roy: 1:15:33

Oh, hi. I didn't realize that I

Jamie: 1:15:36

that was like a big buy. Yeah. Because we're you're leaving Barcelona tomorrow. Is that? Yes. I'm

Roy: 1:15:41

going on the record. I'm leaving. I'm leaving the country. For you, Jamie.

Jamie: 1:15:47

Yeah. So we're talking about the goose sale and the theoretical elemental stuff. But let's let's get back to just the general insanity of the glue sale and prices.

Roy: 1:15:56

Yeah. So I mean, the floor of everything just continues to go up. Right.

Jamie: 1:16:00

And pulled back in a somewhat healthy way a little bit lately. But still, probably all of them are up from our last recording.

Roy: 1:16:06

That is almost certainly true. Yes. Yeah. So in the last 24 hours, I think there's been some pullback on some Yeah. 36 hours, but essentially, everything is just going crazy. And not just curated anymore. The factory floors are gone. Absolutely. Yeah. Listing like we were looking at earlier. The light beams floor is 53. What the hell yeah, that's crazy. Dino Pels. 108.

Jamie: 1:16:29

Yes, that is that is also crazy. But you know, to raise literally cackling insanity about how crazy it is.

Roy: 1:16:39

Remembering the day I woke up, I think it was my first day here in Barcelona or the second day. No, it must have been the first day cuz I woke up, I checked our group chat. And like we talked about NFT's and I scroll through a few messages. And then I just checked the full prices. And the floor for Dino Pals. I think it was 140 the floor for sailboats, or sea hams, it was like 14 eth. And the floor for something else was we're gonna

Jamie: 1:17:04

have to get in depth on sailor bots at some point if you haven't already, because that's that's a very interesting thing that's happening.

Roy: 1:17:11

But you know, artblocks was like 70. Yeah.

Jamie: 1:17:14

I also want to talk maybe more about like, the lower end stuff, but like transitions, and flowers, where you have this thing where the supply is huge. And ostensibly, they were sort of the entry level artbox pieces. And they were a little bit below point one. And now they're like over point four. Yeah. So you know, even though you have the sort of more interesting supply dynamic diamond handed type things going on with Donald pals to really make them crazy. In terms of actually markets that affects our listeners, it might be more interesting just to look at and talk about how even something like flowers and transitions have really skyrocketed lately.

Roy: 1:17:58

Yeah, I would love to know, I don't know have this information on hand, but like the distribution of say, flowers or transitions? Has it just been like a handful of whales buying up Tom, someone

Jamie: 1:18:08

posted in our in our NFT chat? The what is it called dune analytics? Yeah, the dune analytics data behind flowers? That might be nice. I actually haven't used that resource as much. It's a great one. Yeah, it seems like a great one. That I should use more.

Roy: 1:18:26

I'm going to look at this right now. I

Jamie: 1:18:27

will I would actually love to, for you to look up stipple sunsets on air too, because I'm curious about that.

Roy: 1:18:33

Apparently, there's been a 20 Flowers sale. Wow. That's kind of crazy. Yeah.

Jamie: 1:18:37

I mean, some of those black and white ones are friggin stunning. I mean, yeah. Which is a collection. Interesting, because in almost every single art box collection, I'm least interested in the black and white ones. Yeah, right has sort of a confused Oh, I'm just shocked.

Roy: 1:18:51

There's almost 3000 current holders of flowers. So that's almost 50% ownership. Yeah, that is pretty big. Tremendous. Yeah, almost. And I

Jamie: 1:19:00

have exactly one. Which by the way, you meant it for me because I was out of scope. In Vermont. Thank you, right? Yes, I

Roy: 1:19:06

have. I think I've mentored four or five myself, but I basically given them away as gifts. Because I mean, the perfect gift and of cheese, flowers and transitions.

Jamie: 1:19:16

You can have giveaways as gifts. Remember, just three minutes ago when I bullied you into giving away one of our listeners if you get the squiggle right, that would be amazing. No, no, I'm kind of back to rooting for you to get this. Yeah. Oh, wow. I have no

Roy: 1:19:31

way to people wins.

Jamie: 1:19:31

Right? Our listeners and you Yeah, that would legitimately be awesome. I agree. We'll have to figure out a fun way to give that away too. Yeah. How many people do we should

Roy: 1:19:41

do a giveaway like, anyway? Yeah, well, well, I have a lot of uploads. You do one away?

Jamie: 1:19:46

Yeah. Are you looking up the stipple sunset thing though? No. I mean, we'll have to think of a really fun interesting way to do a giveaway to

Roy: 1:19:56

Yeah, it's asking me to sign in to do it. gonna do that?

Jamie: 1:20:00

Well, but how are you looking at the flowers data that

Roy: 1:20:03

I just clicked the link that was, but now if I want to look up a different one at once Anyway, anyway. So what we were talking about

Jamie: 1:20:11

in factory prices going up, yeah, they really go crazy. Sometimes people will talk about this theory of, you know, people make money in curated and then they'll kind of diversify and go down and spread that money into playground and then into factory is.

Roy: 1:20:27

That's so what I think happens. I'm sure some people say that as well. But I think that curated is where a lot of the attention is. And that's where the like when artblocks prices go up. It starts occurring.

Jamie: 1:20:41

You think it's new buyers coming into the cheaper other stuff when Yeah, okay.

Roy: 1:20:45

I think your prices go up so much. People are basically priced out and they start looking for what else right looks they can afford? And what I actually think happens with the money is that when people sell their factory pieces, I'm talking from experience, I will then use that either to try and buy more curated interesting.

Jamie: 1:21:03

You're, you're going up up the value chain. Yes. Oh, you know what, I bet you all the directions are happening. Yeah, people are going from factory to another factory factory.

Roy: 1:21:13

Another really crazy thing that we talk about a lot, I mean, you and me talk about is that when someone sells an artblocks piece, that generally just taking a good chunk of that money and putting it back into artblock. Yeah, just withdrawing no one's no one's just withdrawing it to fiat. There is no one's even sitting on eth . Because

Jamie: 1:21:33

once you are fully loving artblocks, there are so many collections that you have none of and desperately want. Some have so many collections that you love and have some of but want more. Yeah, it's really crazy. Just personally, for me, uh, you know, we talked about it recently, and this, this has now gotten out of hand. But when we were first recording this podcast, I think the archetype, archetype, archetype, floor was like nine or something, and maybe got down to seven, and I was really getting close. Yeah, that's one that I would love to have. Now it's up to 55. And it's just something I'll have to accept never getting. Or for the most part, you know, obviously, I could have something sell for a crazy amount, and then buy one. But that was something I really wanted to get in. And now that sort of aerial views are getting a little bit more respect, I've been looking at them more. And it was always a project that I thought they looked good by and large, especially again, the ones that are parallel, rather than kind of have that tilt to them. But maybe, in general, the collection had too much similarity, but I like a lot of them. And I would not mind having a second one of those. And, you know, my elementals collection, which I was so proud of and had 11 and now I only have two, I would love to get a third one of those just to start expanding that again. There's just there's so many different I mean, I would love another singularity. But there's also there's a ton there's a ton of projects I have zero of yeah, that I would love to get some of I have no dreams, I would love a dream. I have no exhume INNOPOLIS there's just a ton on it. Do you want to speak to any of the stuff that you don't have and are interested in?

Roy: 1:23:13

My biggest one for the longest time was archetype.

Jamie: 1:23:16

Right? And then you made your by far biggest purchase? Yes.

Roy: 1:23:19

Basically sold a bunch of stuff. cumulated a bunch of eth. Right. I paid 30.5 eth for this archetype, which, before that, and I mean, I still think even since my second highest say purchase has been six eth over rice.

Jamie: 1:23:38

Yeah, that was sort of how I felt when I bought. And it's, you know, it's a smaller number. But the ratios are similar. When I bought my pigment for like, 4.1 I think, before that I had bought something for like 1.2 Maybe, yeah, you know, and is like, this is a huge jump up

Roy: 1:23:51

is really crazy. But you know, when

Jamie: 1:23:52

you have enough stuff that's done well, yeah. And you, you know, some of these things, you go, I love it, it's super expensive. But if I don't buy now, the amount of supers that I have to put before the word expensive means I'm never going to get a so it's sort of an hour and everything. I kind of felt that way when I got that singularity a long time ago at you ether, which you know, it was one ether because that was one that we had split. Yeah. But yeah, so that it there's just a thing where when you sell an artbox piece for a sizable gain, so much of that money tends to stay in the ecosystem because there's just other stuff you want to collect and or invest in. In the artblock space. There's so many awesome projects.

Roy: 1:24:36

Yeah, I think that's not even exclusive to artblocks is the NFT space in general.

Jamie: 1:24:40

Right and apparitions. I have no apparitions. Oh, I really like I used to not like them much but they have grown on me. Oh, that was a lot of projects. Yeah, that means for sure. We've talked about that specific thing. Yeah, but all go. This can transition us into the two new drops. Because the beatboxes in particular is one I'm quite interested in getting one. And those prices are although very expensive, relative to a lot of other artblocks projects somewhat within reach, so I might be able to get one. I don't have one right now. But that's a cool project. Maybe you can talk about that. And the other drop that happened recently.

Roy: 1:25:18

Yes, I I didn't get any beatboxes I tried. We were out to dinner last night. night before

Jamie: 1:25:23

last it was definitely last night. Yeah, you left the table because then have a good enough sick. Yeah, cell signal.

Roy: 1:25:29

Ah, so they there was old in a Dutch. Oh, we'll talk about what they office they're basically a VR immersive room experience where

Jamie: 1:25:40

and like music and sound plays a big part.

Roy: 1:25:43

Yes. And they're just really, really cool. And now this is the

Jamie: 1:25:46

first virtual reality. Artblocks and ft there's probably been other VR NFCs I can't specifically think of that have been Yeah, but definitely the first artbox one, right.

Roy: 1:25:57

Um, I know that though, I think was lava glow. Oh, yeah. Hello, maybe? Yes.

Jamie: 1:26:04

But but much less immersive. Yes, Bobby.

Roy: 1:26:07

Plus sound? I would say it's the first but I mean, I'm not sure. Anyway. It's very cool. Yeah, it's super easy. It is.

Jamie: 1:26:15

It's by Z blocks, which I guess you created. You don't know who or what that is. But it seems like maybe it's not an individual. I went to their website once anyway, they only have one other project. And it's grids, which is a very old, curated project that I quite like

Roy: 1:26:31

I was just about to say that I was just looking through a list of the projects on artblocks. And that's probably the next one. That would love to get one.

Jamie: 1:26:38

Oh, yeah. Yeah, that's a great one. I actually in our in our NFT chat once I was doing a ranking of which artblocks projects have the best colors? Yeah, I remember unit grids for me was a top five. And it looks like the the color palettes on that are pretty stunning. I love them.

Roy: 1:26:55

Yeah. So these these beat boxes they sold out at effectively 4.2 eth. Right. I think if you sold obviously, if you sold before then but I mean, they're not crazy expensive. Now, I think they are in the 5/8. Right. And

Jamie: 1:27:08

so just as a frame of reference for something that's sells out at 4.2 to only be at five immediately after is, although like a one day gain of you know, what would that be 18% or something like that is in most situations huge. Like for instance, right before that basically was the curator project. Geometry runners, those sold out at five. And that was a gas war at a gas war of five. You know, so then you're you can look at the demand for that and save it that was higher than the demand for maybe the beatbox 4.2. But regardless, the floor was basically instantly 15 on them in the secondary market. Yeah,

Roy: 1:27:46

that was absurd.

Jamie: 1:27:48

So for the beatboxes to sell out at 4.2, and then only be trading for five on a relative basis. That is something that hasn't moved much and is still relatively affordable.

Roy: 1:27:59

Yes. Definitely something I'm gonna be looking at in the next couple of days. Yeah.

Jamie: 1:28:04

Again, I just want to interrupt you because I don't like hearing you talk. But I looked at like the preview video from Z blocks of these boxes. I said, that looks really cool. But I never actually explored any of the options or any of the actual minutes in my browser. So I want to look into that more before I just dive in and buy one. But it seems like a super cool project.

Roy: 1:28:26

Yeah, it does. And I have no VR device. So I can't actually experience right away. But I can imagine this

Jamie: 1:28:33

is going to be like airdropping the global population, the Oculus Rift, so I think, or Oculus quest? Well, I think a lot of people would argue it's not cool. And it was also an exaggeration. But yeah, they're investing huge in VR. And it does seem like they're their device is by far the most popular right now. And the next gen of it might might actually be the first real massively adopted VR device.

Roy: 1:28:58

The tech is cool. It's good that Yeah, yeah.

Jamie: 1:29:01

Facebook has some practices that most people don't like.

Roy: 1:29:05

So let's talk about the other job, which was the geometry runners cheer on is Yeah, so that was the day before curated drop. It was a Dutch auction, which started at five. And you know, a lot of people might have said, that's too low. They should have started higher. But

Jamie: 1:29:21

that's easy to say after the fact at least Yes.

Roy: 1:29:23

No, I think a lot of

Jamie: 1:29:24

people would have said it before. The fact is for sure. But even more surprising now.

Roy: 1:29:27

Yes. Because a few days earlier, there was a playground drop.

Jamie: 1:29:32

Essentrics two? No,

Roy: 1:29:35

it was I can't remember the name of it. I can look it up. It was a playground drop by the same artists who did elevated deconstructions and there were only 400 of them. And it No, it was eccentric. So a few days ago. Yeah. Sorry. Jamie is currently dying. He's about he's trying to. He's trying to get some water. He's left the room. So let me talk The drop I am talking about is eccentrics too. So that dropped a few days before geometry runners. It was a Dutch auction as well. And it's, I think it started at five eth and sold out basically at five eighths. Maybe it dropped slightly before I I was not at my computer. I was not minting it. I basically I say, I don't want to pay five eth for it, because that's a ton of money. And I don't know, I guess it's just hard to justify for me to spend five eth on a drop.

Jamie: 1:30:31

Yeah, we were so accustomed. What by the way, I'm back. We became so accustomed to being able to play I just had the driest.

Roy: 1:30:40

That was really rough. I'm glad you cut me off to do this.

Jamie: 1:30:44

I'm trying to refresh with some water. No. But to your point about minting at five, we sort of became just accustomed to the idea that an artbox min is point one or it's point one five, we spent so long meeting stuff, even curated stuff at that price. Very lucky. That you know, and now I totally approve of the way our Plex is handling it. But it's still sort of a sticker shock for people that had become accustomed to minting at these other prices.

Roy: 1:31:14

Yeah, and we I mean, then got really accustomed to minting at one ether or whatever, that most Dutch auctions were dropping to right for the last few weeks. And now it just yeah, we're in a new era where five eth seems to be the minimum slash norm for curated and playground drops. We'll see how sustainable that is going forward. It's still far too soon to sell to tell right maybe prices drop. And,

Jamie: 1:31:36

you know, this was if I'm not mistaken, the factory project Octo garden was by the same artist. Yes. Real garden was a cool project. I like that one.

Roy: 1:31:47

I agree. It's very cool. And I am sad that I see. That's another one that I would love. Did you ever have one? Yes, I?

Jamie: 1:31:54

Yeah, I never had one. But the just for the listeners who are familiar or want to look, the ones that were basically a single stack in the center and came to a very fine point I really loved. And I did spend quite a while bidding on those. Never successfully, unfortunately.

Roy: 1:32:13

So yeah, that was a factory dropped by him. And that was their full price for a while didn't do much crazy stuff until artblocks went crazy. And it was announced that he was dropping a curated drop.

Jamie: 1:32:25

I think they were though more like in terms of floor price. Definitely.

Roy: 1:32:29

They were on the higher end. Yeah, that is the scarcity factor. I think there's 300 and scarcity, something of them somewhere in the 300 range. But yeah, they're very cool. They are very cool. I would like to get my hands on one at some. Yeah. And

Jamie: 1:32:45

then there's like the i By the way I'm doing with my arms for Roy. Yes. What some of the octo gardens look like, and I still don't know what he's talking about the ones where it's like really does like an octopus arm thing that spirals out?

Roy: 1:32:59

Yes. I mean, that would if you said that I would have known. This

Jamie: 1:33:03

good. described. Yeah.

Roy: 1:33:07

Anyway, so his new drop geometry runners sold out immediately at 5/8. Like a huge gas? Well, I had to I spent close to basically 16th Maybe more than six, as I mentioned one. And unfortunately, haven't mentioned one, obviously, given how

Jamie: 1:33:24

and so do you want to talk about the art of it? Yes, I

Roy: 1:33:27

was gonna, I was formulating in my head how to try to explain it if you want to.

Jamie: 1:33:31

Yeah, so it to me it's you have a bunch of three dimensional Euclidean geometry shapes. You got some cubes, you got some? Is there any pure spheres? Or is it all like edge spheres, so to speak, like, you know, 100 sided die the

Roy: 1:33:48

fids edge spheres, but I have not, basically

Jamie: 1:33:51

you have a bunch of different polygons that are rolling across the screen. And it's called geometric runner. So that sort of makes sense. Geometry run is geometry runners rolling across the screen or flipping across the screen. And this is one of the ones that you can kind of interact with you put your mouse in, you can kind of change the camera angle that you're watching it from. And I actually I haven't looked at enough to go much beyond that. But I guess some of them have like a wireframe look, and some have maybe a giant thing that's singular, whereas others have lots of

Roy: 1:34:25

different speeds. Yeah, yeah. Very cool community. Yeah, I like them a lot. Yeah, they just immediately, you know,

Jamie: 1:34:33

this is another thing that I want to say is, this has been happening a lot. But when we go to talk about these new projects on artblocks on here, I keep coming back to it doesn't remind me of any other artblocks project. This sort of happened with scribbled boundaries. Yeah, it happened with the VR thing that we just talked about where that was totally unique. Yeah, kind of happened with phases definitely phase kind of happened with pigments like there's a lot there's a ton Your board is doing a great job. I know there's a ton of projects at this. Well, I mean, just to touch on that for a second, the VR thing was not curated. But regardless, all those other things were the there's so many projects at this point. And they keep bringing on new ones that are not reminding me at all of like any other project.

Roy: 1:35:20

It's amazing. It's amazing. It is Oh, generative art as well.

Jamie: 1:35:23

And also, let's, let's not give all the credit to the curation board. Yes, of course, these artists, these artists are creating interesting, great stuff. So yeah, that's just amazing. Yeah.

Roy: 1:35:37

So that's, that's basically been the weekend up looks. I mean, obviously, a lot more has happened. But right, we should probably move on and talk about something else, because well, there was there's lots more to talk about,

Jamie: 1:35:49

right? This is a this is a podcast about NFTS defi's, and some random stuff you've done

Roy: 1:35:54

talking about a lot of random stuff, right? We have been more defy than ever, I think.

Jamie: 1:35:58

Yes. And very little still. But what else did we think we wanted to talk about, we could talk about that poker tournament I just played.

Roy: 1:36:06

Alright, let's spend eight seconds, which is about how long you're in that for to talk about this poker tournament.

Jamie: 1:36:11

Also pretty accurate. Um, so we've talked about it before, but the Royal Society of players is an NFT project that I have some of and they you know, it's a sort of a gambling and card game themed one. And they've been doing sort of some test poker tournaments with very small prize pools, on an app called GG poker club, I believe. And they've been sort of, I don't want to say teasing because it was more explicit than that. But basically, today, August 29, they said, We're gonna have a $10,000 tournament. So that's the prize pool. And it's free to enter for anyone that has any of these NFT's. So that's very cool. And I'm ostensibly a poker player. As of February, right. We are both professional poker players, and had been for over a decade,

Roy: 1:36:59

I think. 15 years for me. Yeah, I probably even

Jamie: 1:37:01

for me, yeah. That's another horrifying thing is just how we're agent but let's not. And now and now we've gotten so enveloped in NFT's that we have not played like any poker in the longest time. But this was a crossover is a free thing. First place is going to be $3,000. So I thought it would be fun to play. Now, for anybody that knows about poker, the starting stack was only at blinds and the blind levers were going to be five minutes. So regardless, it was not going to be a long tournament. And there was maybe 250 players. But yeah, so I played that today. That was fun. And it has really alluded to, I did not last very long, I ended up getting a strap versus pocket queens, and I flopped a jack and that was basically the end of the tournament for me. GG, GG, thank you. But that is just a thing that we wanted to touch on. But is there anything else that we had that we have

Roy: 1:37:58

a couple more things? I wanted to speak about blip maps? Right? You have the floor? Oh, I

Jamie: 1:38:03

have to go. Okay. blit maps, we've talked about it before, I don't remember what the last time we talked about them was or what was up, but they have gotten more explicit about the game that they are going to be sort of a part

Roy: 1:38:18

of the airdrop some items to live AirDrop

Jamie: 1:38:21

items. Some of them were maybe was it a one on one the quills thing? Do you remember think there

Roy: 1:38:26

might be eight or 30? Yeah, some small amount that they sort of right? So they air

Jamie: 1:38:30

dropped one item to everybody? Yes. And then they air dropped a number maybe like eight or something to? I'm not gonna remember exactly. But it was basically if you had a bitmap, or a what are the rune wizards clothes? Yes. What is the specific name of that

Roy: 1:38:49

I can find the look that

Jamie: 1:38:50

up. Or two other projects, I believe there's a total of four. But if you owned any of these, and you basically submitted this Google forum with your wallet, you are going to be eligible to get this this item for this upcoming game that the bitmaps are going to be a large part of

Roy: 1:39:05

forgotten rooms, wizards. Cult for guiding runes wizards

Jamie: 1:39:09

called was the name of that other project. And I also think there was two other ones but unfortunately, those are totally out of my brain. Yeah. But if your had any of those projects, who were eligible to get airdropped, this item for the game that I guess basically, it was like a duping item, did you not look and look? Yeah, basically, I think it was big that when this game has developed, you can use this item to copy any other item, and then it will destroy this original item. And you'll have a second copy of that. But anyway, it's just kind of hinting at the game of creation and the utility and the the building process that the team is going through. And it's just gotten me more and more excited on the project as well as the the guild Teton belt guilds. Oh, Not as much but that that teaser video of the slipknot creation is so awesome. I think we actually already did talk about that. Yeah, that that I'm super excited about, but then for them to kind of get us to that next level of the games. And because we've talked about this on the podcast a bit before. And sort of privately in our chats just about how gaming NFT seem like they are already a such a big thing with like Axie and Zed, but in the future will be even bigger. And relative to how much I have sort of invested in the avatar and art NFT space, I have almost nothing in gaming, NFT's. So now we have this blipmap one start being part of this interesting game is sort of makes me feel good about that. I also wanted to say the the creator of bitmaps is this guy done? He created the app Vine. So this is like a guy who's confirmed a builder of successful projects have raised laughing.

Roy: 1:40:58

I mean, Vine was successful. But yeah, we got sold.

Jamie: 1:41:02

Yeah. And then whoever bought it decided to shut it down at some point. Yeah, but it was a legitimate 100%.

Roy: 1:41:08

He is extremely, that's a big reason.

Jamie: 1:41:11

A lot of people still they're like, why did you get rid of it? Yeah, it was great. I guess tick tock has sort of supplant Yeah, it's space.

Roy: 1:41:18

No, but his history and everything is a big reason why I was so bullish on.

Jamie: 1:41:23

I don't know why you weren't able to successfully convey this to me better when they were meant to you. I only meant it to write. I couldn't.

Roy: 1:41:29

It took I must have tried to tell him about maps 12 times. Before he mentioned one.

Jamie: 1:41:35

I do I honestly think it was probably by the fifth time. Yeah, that you got anyway. Yeah, so no,

Roy: 1:41:41

I had a very forcefully say. You should really I urge you to mint one.

Jamie: 1:41:47

Yeah. And then. Anyway, I was gonna toot my own horn about that tweet I made about about blip maps feature. But do you have anything else you wanted to add about? bitmaps

Roy: 1:41:59

I'm searching chat now to find instances, right? I said these blood maps are starting to go kind of quickly. You ignored me and said that into the ever beat be people piece really is sweet. Next time.

Jamie: 1:42:13

Hold on that into the ether piece by people really sweet. Tea, we could talk about it.

Roy: 1:42:20

The next time I say I reckon you should get a blip map. Maybe you said I'm a member of a discord. Patch demons.

Jamie: 1:42:28

Oh, yeah.

Roy: 1:42:31

Well, alright, next time. You just say out of the blue. I don't like these bitmaps. I said. Let's see your new set. I got a paper Armada. So let's see it. And then let's talk about you getting a bitmap.

Jamie: 1:42:46

Huh? You were really pressuring me already. So we're up to three, right? Yes. Okay, here we go. My official guess was five, I

Roy: 1:42:55

think maybe fours is it? I stopped telling you about the blit knots. I link you to one of the tweets. Oh, interesting.

Jamie: 1:43:04

I didn't notice the blit knots until after my first man. But I guess that would make sense. That yeah, and then just saying it again, didn't work. But once I saw the blue

Roy: 1:43:12

and I say the guy behind it was cure plus Founder CEO, it was founder of something called bite which seemed seems successful. And seems to have connections to a bunch of the OG crypto community and a lot of voters are loving these Blitz. And he seems dead set on creating a universe where he gives value to bitmap holders. And then you go and how much is the customer one of these things? And then I said he tends to put a 0% royalty on secondary market sales.

Jamie: 1:43:37

But he's got is actually pretty special, too. We should yeah. I don't even know what the royalty

Roy: 1:43:41

is now. But I said I was saying at the time that the community is so

Jamie: 1:43:45

amazing. They have their own marketplace, which a lot of people have been clamoring for individual big projects to have their own marketplaces. So we're not all so reliant on open see. So they're not just scraping two and a half percent of every darn transaction.

Roy: 1:43:59

Yeah, it is very cool. Yeah, you eventually minted one. Well, and then again, another at some point, but

Jamie: 1:44:07

gratulations to me for minting them. Yes. Oh, felicitations. No one.

Roy: 1:44:16

Well,

Jamie: 1:44:17

maybe that is the most inside joke. Possible. One person

Roy: 1:44:21

listening to this might get that. Do you want to explain it

Jamie: 1:44:23

sure was at dinner last night. My wife's sister was using the word felicitations which I guess is basically a synonym for congratulations. Oh, yeah. And we were all giving her shit about Courtney. We don't know what that word is. We don't care about it. Don't be pretentious. Just use the word. Congratulations, basically, is the gist of it. And then after dinner when we got back, she's talking about it with her sister. My wife Kayla, and Kim was like yeah, of course. I know. Felicity I actually did not know what else but yeah, but so felicitations to me. Yeah, for final inventing bitmaps when I did

Roy: 1:44:59

all right Alright, so blood maps are great. We still love them. They're gonna do great things.

Jamie: 1:45:04

The prices, though, let's just be clear, yeah gotten completely out of hand.

Roy: 1:45:09

They're almost minting at point one four months, and now they're 14 or 15. Yeah, those

Jamie: 1:45:14

they were one of these projects that did not mint out instantly. But then still became a huge success like punks comics actually, which you know more about, but we've already carved these boxes, but boxes have not taken off the

Roy: 1:45:27

way that these two have. They're like 1/8 now, which is I mean, not as not, not at all like these other two. No, but there's a lot more well, no more than punks comics but a lot more than Oh, yeah,

Jamie: 1:45:35

yeah, blood maps are quite scarce. There's only 17 of them anyway. Yes.

Roy: 1:45:40

What else do we want to talk about?

Jamie: 1:45:41

Well, I kind of tried to tee you up to talk about pumps. comica. A little bit there. But I mean, we talked about it pretty in depth a while ago, and there hasn't been too much of an update. And other than that the prices for every part of it just keeps going. Yeah. Yeah.

Roy: 1:45:54

Plus, I don't understand a lot of I need someone else to explain what's going on the downs and the downs and the downs. Yeah. Another project that's been kind of going crazy lately that neither of us know a lot about is the earth n one project. Right.

Jamie: 1:46:07

So this was an avatar project, basically,

Roy: 1:46:09

I think there's a gamification aspect to possibly Yeah.

Jamie: 1:46:14

Again, we don't know much about Yes, which probably makes it not a great segment. But I just specifically I thought the art was drawn in sort of a clean way. Yeah. And clean again, a word I think is so overused in this space, but here I am using it. But I also thought specifically, the color palettes for them were very interesting and mature and bold, and I was I was a big fan of that. But I think I just didn't get in on men and the prices went so parabolic so fast. I sort of felt priced out and never got one. I think they went from mid price to seven E flat faster than any avatar project I've ever seen. Yeah. You know, people were talking about pudgy penguins, that market must have been manipulated, because they went up to like, so fast, which, you know, even even disregarding the huge week or two at the beginning, where they didn't move at all, their their run up from, you know, point 123. Yeah, was slower than these things seem to go from point one min price, or whatever it was, like 7777 to like seven. Yeah, happening so fast. Like it's great days, maybe now they've pulled back to about three. So they're a bit more reasonable, but it's still a huge

Roy: 1:47:29

project range now where I'm tempted to buy. Yeah, because when it has that's insane run up. And it was another one of those cases where I was just getting lots of people messaging me Twitter disclosing, you should get in on this. Yes,

Jamie: 1:47:41

I looked very briefly and couldn't quite find a specific, you know, trait or type of them to latch on to that I liked enough, or enough differentiation between the two to pick out sort of possible ones. Yeah. And so I sort of just moved on, because there's 1000. Yeah, crazy.

Roy: 1:48:03

I could just not justify paying 77.7 yesterday, right. That, oh, another thing I wanted to talk about is the Gary Vee book thing. Oh, yeah.

Jamie: 1:48:15

Cuz that happened. I barely know about it. Other than, you know, a couple tweets on what you've said.

Roy: 1:48:19

Yes. So, basically Gary Vee. He's a big presence in the entertainer, a trucker? Gary Vaynerchuk. Yeah, he has his own NFT project called V friends. Basically, it's a it was one of the first maybe I think we talked about it a bit. Yeah, we didn't talk about a bit. It's like a utility project where if you own one of his V friends, you have access to a discord. I don't even know if it's private. But basically, you get access. The real selling point is he's going to have these conferences three years in a row and you get free entry to it. Right? And you get other benefits. Like you got to airdrop to NAV istyles and stuff like that. Yeah. And so he has this book, I think it's absolutely brilliant marketing scheme, technique tactic, where he essentially created a video saying he's releasing a new book, his sixth business book, I think it is 12 and a half is the title. If I'm remembering it correctly, I should remember correctly. I bought so many of these. But the whole the whole thing was he said, for every dozen books, a person buys, if they send in a receipt, you know, screenshot it, whatever. Email it to this address, fill out a form. For every dozen you will receive a surprise in

Jamie: 1:49:34

your boy, his personal assistants must work really hard. Yes, for real.

Roy: 1:49:38

You will receive a surprise on I think it's November 16. So a couple of two to three months after

Jamie: 1:49:44

that is so far in the few days. Holy cow, but it was gonna be a fun treat, though. When you like remember? Yes. And November 1. Oh yeah. Later this month.

Roy: 1:49:54

It was alluded that it was going to be an NFT or that you would need a Metamask Wallet. So it's probably an NFT but it could be Like an ERC 20 token or something else.

Jamie: 1:50:03

It could be other things too. Like, you know, the some of these merch drops, for instance that, like the board API club did you have to connect your meta mask to prove that you own the API in order to gain access to the merch drop? So in theory, it could be something where it's, there's no, right. Oh, no, because you seem to have the physical thing you were buying was not an NFA. Right? It was. Okay. I'm sorry.

Roy: 1:50:29

Yes. So anyway, if you buy a dozen books, you get this surprise, probably an NFT. And he was going on about how a lot of people feel like they missed on the Wii friends, which you could have bought for, I think it was point five eth a few months ago, and now it's 10 eth. And they meant at point five, it was a Dutch auction. And it started I think, around 2.5. And then they just sat at point five for hours, maybe days. And

Jamie: 1:50:51

that's still very expensive. Yeah, that was the lowest tier point five.

Roy: 1:50:54

I think that's where it dropped. It might have been$500. But I think it was point five eth. And mean, the 10th. Now, so that's, yeah, they're very well, crazy. And yeah, so he was just saying, you know, if you miss out on that don't miss out on this. I am going to give value to you. I am good at creating value. And he has proven to be good at creating value for people that believe in Him. And yeah, I mean, it convinced me I missed out on V friends I have sort of regretted

Jamie: 1:51:22

which is weird because you're a legitimate fan of this guy. But

Roy: 1:51:28

a decade more like I was watching his vine wine videos on YouTube 15 years ago,

Jamie: 1:51:34

what like wine like fermented grape juice?

Roy: 1:51:37

Yes, he would just review wine. Interesting. He used to own a wine. I think his parents are into wine shop. He worked there and got in distributing and we don't have to go in his whole life story. But I've been a big fan of his for a long, long time. And then he was releasing an NFT. But it was very early on in my whole NFT. Korea.

Jamie: 1:51:54

Yeah, they were a while ago that was maybe may or something.

Roy: 1:51:58

Maybe Oh, ish. Yeah, I think April. Yeah, anyway, it was very early 2.58. For me, it was way more than I could ever justify spending on a single NFT. Maybe, I think I just didn't follow closely, maybe at point five I would have bought but I think in my head I thought they were going to sell out at 3.5. And I just dismissed the possibility of me ever getting one. And then they just sort of very quickly went up in price. And then they were just more or less out of my budget until a few days ago where I've had a lot of success in NFT's and was just like, I should get one I love what he's doing. And so I bought one from eight or something now is

Jamie: 1:52:35

like, I know almost nothing about the project. I know basically, maybe there's like 26 different types or something because there's like an alphabetical thing going on. But it's basically like he has like a positive adjective and then an animal is what these are. So it'll be like, you know, friendly feline or whatever and, and sort of encouraging positivity and these traits that we should all strive towards, but I don't actually know anything about the differences in rarities or utilities or anything about the project.

Roy: 1:53:08

I also don't really know Okay, any of that

Jamie: 1:53:11

I but some of them have sold for like a lot more than others. I think there must be something

Roy: 1:53:16

there must be something I don't I honestly don't know. I went I went to buy one I looked at the floor options, picked one that I found cute and appealing. And I ended up with organized

Jamie: 1:53:26

ostrich. Okay, so you want to be organized. I would like to be organized. Yes.

Roy: 1:53:31

Yeah. And I mean, I think he hand drew these. I remember for like weeks, maybe longer. A couple of months. He I mean, obviously that's a week but for a while, he was like releasing YouTube videos and Instagram stuff of him just drawing at his desk. And I mean, Scott is a very wealthy, very busy person, but he's dedicated, I guess, all of his almost all of his time now to NFT's in the NFT space.

Jamie: 1:53:58

He tweets about them a lot. He loves them. He's in a COMSAT projects over here. Yay. Oh, yeah. He This is a little bit of a crossover, but he showed up in artbox discord recently, and I maybe worked with one of those defi players that kind of allows you to sweep floors or whatever, to buy a bunch of scribbled boundaries. I'm not sure if he bought like that, but he's got a lot of scribbled boundaries I can't remember if somebody else or he was the one that used one of these things. I don't know if you want to talk specifically about how that all works. So three

Roy: 1:54:29

era capital when they wanted to buy a bunch of punks. Maybe a month ago I don't know time is weird. They they spoke to a programmer and an interior miner and basically created card and paid the miner a bribe or mint a fee. I think it was a lot. I can't remember exactly how much it was maybe it was just five he

Jamie: 1:54:50

basically what the idea is they wanted to buy a lot of pumps off the floor. But if you bought like six pumps off the floor right in a row, the market would notice and people Do List or put higher prices

Roy: 1:55:01

or other people will just try and buy floor ones as well. Yes,

Jamie: 1:55:05

but you get front run by other buyers and by the sellers. So essentially so they wanted to find a way to be able to get sort of all of these transactions confirmed in one single block of the Ethereum blockchain. So that way people wouldn't catch on before I had already happened, which and the when you use the word bribe, it sounds sort of like an illegitimate thing. No, but to me, it's a pretty legitimate, you know, again, the the ethos of all this crypto is trustless. You know, so if you can use the code to do that, and again, it works the other way, too. You don't have to trust these people to leave their listings up when you're indicating that you're trying to buy a lot, right? But then conversely, you don't have to trust him not to figure out a way to get all included on one block.

Roy: 1:55:46

Yes. So that they did that and basically bought 50 punks, right, instantly.

Jamie: 1:55:52

Yes. And now this has become a somewhat popular tactic. Somebody used it to buy a lot of scribble boundaries. It might have been him, it might have actually been him and then somebody else. I think there was somebody else who I remember talking about how they bought 13. They had like a tweet thread. But again, I'm sorry, I can't remember if they use this tactic, or if they actually just bought them.

Roy: 1:56:12

Well, I don't remember either. But anyway, he bought a ton of them. Yeah, he he's.

Jamie: 1:56:18

Yeah. I also remember a couple of weeks before that you were saying he, you thought he was not that into art or something. So it wasn't a thing you thought he'd get into

Roy: 1:56:26

a lot of people. He's come out on record and saying he's not into art. He doesn't really get out that much. He's more collectible, which

Jamie: 1:56:33

is an interesting, like scribbled boundaries is an interesting project for somebody who claims to not like art. I

Roy: 1:56:39

think in the discord. He said something along the lines of it just appealed to him or reminded him of being a kid maybe of drone.

Jamie: 1:56:45

Interesting. I remember him saying specifically like that the community was kind of excited that it was in there. Yeah. And he said something about how he, he does a lot more listening than talking. So it seemed like maybe he was kind of working in block talk for a while. Yes. Observing the community and getting, you know, getting good vibes off or whatever, before he decided to jump in as a buyer.

Roy: 1:57:05

Yeah. So he has maybe like 2 million Twitter followers as well. He has a huge audience. And a lot of it is not in NFT's yet. But he has also introduced a lot of people to this. Yeah. What's

Jamie: 1:57:16

the VI friends who's very good at holding people's hands? Yeah. And telling, okay, this is how you get meta mask,

Roy: 1:57:21

which is how you don't exactly he's doing the same thing. Yeah. I would love to see that. Yes, it is amazing. And so he has this book coming out. And he's saying, if you buy a dozen, you'll get a surprise. If you haven't met them, you'll need a meta mask. If you don't have one. He's like, we will help you set it up. Yeah, we'll handhold you. Yeah. So he's going to onboard so many new people to the space with this and guarantee his book is a best seller. Yes, exactly. It's brilliant. From that respect, I'm happy to support him out of and then your selfish profiteering because I think that the NFT is gonna be profitable. But I love books I love

Jamie: 1:57:57

you're gonna give away a bunch of these books, too. Because you're it's basically you bought a zillion copies of this one, same book. It's not like you said, Hey, by Warren Pete, right, great novels or whatever. Yeah, it's buying his book. So you have a bunch of copies of it. And now you're gonna get give them away to other people.

Roy: 1:58:10

Yes, donate them to libraries, you can give them to schools, I basically, I went on Twitter and said, Hey, does anyone want a dozen or two dozen books? You know, if you're willing to give me your address, I will just buy them from the website and have them shipped direct or physical address, physical address. Yeah, that needs to be specified. And so now I have books going to people in Australia, people, books going to people in Spain, America. A couple other countries as well. And a lot of them have said no, what

Jamie: 1:58:39

is the Book about? Is this right? Okay. Right,

Roy: 1:58:43

right. And, yes, now, I mean, I just love everything about this is just, it's just cool. And obviously, it's gonna work out amazingly. For him. He's making tons of money and his books gonna be bestseller. It's onboarding new people to NFT's. It's getting a bunch of books out in the world. I mean, it's not great for the environment, I get tons of papers getting,

Jamie: 1:59:05

I suppose. Yeah, this is also like, a much more boring and less functional version of this happens all the time. I as I understand it, a publisher will put out a book. And if the author is sufficiently rich already, they'll just buy 60,000 copies of it themselves. And they guarantee them and this is a very frequent occurrence. Yeah. And so now he's doing this in a way where he's going to actually give the buyer something he's encouraging the buyers to kind of redistribute them rather than is he's not just buying them all himself. Yeah. So it's it's there's a nakedness to the way he's getting himself on the bestseller list, but that is already happening. And he's doing it in a different more functional way. The no totally useless way of the author themselves buying 80,000 of their own book.

Roy: 1:59:53

Yeah. And specifically in his he wrote like a little article piece on on it and he was talking about why he did it all, like his reasoning behind it and how a lot of his approach to business and marketing is to like, you. You give, give, give, give, and then you ask for something. Yeah. And he's like, this is all I think he says like, Right Hook Oh, you like Jab, Jab, Jab, Right Hook. He has a metaphor that makes anything really stuck in your memory. Yes. Just like the, the garden of, you know, when I wanted to trim down my NFT portfolio right? out the weeds and Right, right, right. Um, anyway, so he was like, this is by far my most creative use of this, which it really is. I mean, he's given a lot. He's done a lot for the space created value. And now he's asking something, but at the same time, creating value and writing and it's really cool. So anyway, long story short, I bought like 200 books. Yes. Twitter copies of the same book. Yeah, that's it's even more crazy. And yeah, that's, that's what I wanted to talk about for Gary Vee. And I think that that's basically all we had an

Jamie: 2:00:58

expenses through our entire list. Yeah. And

Roy: 2:01:01

it's basically the two hour mark, which is

Jamie: 2:01:03

about what we aim for. Yeah. I think initially, we were trying for one, but it's you can't just talk about NFT's for one hour really

Roy: 2:01:10

gone. We've been talking about NFC this whole trip. I know. And earlier today. I mean, last night at dinner, we've separated at meals today, tonight, Rachel sat between the two of us like you can't sit together anymore. You're just talking about NFC. And on the way to here. We're walking the restaurant to this, Airbnb. We're talking about NFT's and Rachel's, like, do you want to just you know, hang out, you're gonna save it for the past. Like we can talk about forever. We're

Jamie: 2:01:39

just getting warmed up.

Roy: 2:01:40

Yeah. I could keep

Jamie: 2:01:42

talking. Yeah. Okay, let's, let's move on to the plug section of the podcast. Yeah, I'm gonna plug.

Roy: 2:01:48

I do actually. So I started my own NFT project, which is something I hadn't even planned to do three days ago. Really? It the idea? You're a foodie. I am a big foodie. I love food. I like I will splurge and spend a lot of money on eating at nice restaurants and buying this has

Jamie: 2:02:07

been true for a long time. This is since I was 18. Yeah, this was one of the things that you and I both when we started making a decent amount of money at poker. Yeah, we weren't buying fancy watches. We were not buying fancy cars. No, we weren't doing any of that kind of thing. Oh, boy. Did we love going to a nice fancy restaurant,

Roy: 2:02:25

basically. Yeah. And, and we still have that trait. Yes, I've had that. I've never lost that. It's just that when I've had more money, I've been able to do it more. I would have had less money. I wouldn't

Jamie: 2:02:35

do the downs of gambling.

Roy: 2:02:37

Yes. Um, and NFC projects, and yes, so somehow turned into an empty project. So a few days ago, I took photos of a meal. I was Rachel and I read a Japanese restaurant. And I generally liked taking photos of my food to remember and I created like a nice collage of all the dishes though. Can you pronounce that word for me? collage, collage, collage, collage.

Jamie: 2:03:04

You there was a weird? Yeah, I

Roy: 2:03:06

said it weirdly. Okay,

Jamie: 2:03:08

so you that was an excellent

Roy: 2:03:10

collage, collage, collage, collage. But it's subtle. Anyway. Anyway, I created this. I tweeted it out and a bunch of people like you should meant that as an NFT. I would buy that. And obviously a lot of people were joking. But it sort of planted the seed in my mind was like, hang on, maybe I could do something here. Because I mean, it just seems cool to have my food adventures etched into the blockchain. So yeah,

Jamie: 2:03:37

so I'm just gonna pause you right here. When I first got convinced of how valid NFT's were, and decided I was thinking about making NFT's of my own. I made basically four different folders of things that maybe I would do. One was these photos of trees that I had taken. One was just like awesome food photos. It's a thing that some people care about. I ended up not doing anything with them, but just as a frame of reference. It's an idea that I think is sufficiently not crazy that I had thought about it.

Roy: 2:04:07

Yeah, and actually it's a brilliant it's really good idea. Well, you had the idea months ago,

Jamie: 2:04:14

right? It was not good enough to go through

Roy: 2:04:18

photography NFT's have been taken out Yeah. So why why is there not a maybe maybe there isn't registered aware of it. But anyway, so I decided I could do this and auction off the NFT the collage of my dishes if people want to buy that and then give the money to charity because I don't you know, I don't want to do this to profit right essentially. And yeah, it's just it seemed like a cool fun quick thing to do, which didn't take a lot more effort on my part to get set up. I already take photos my free just create a collage, rinsing the NFT is very easy. It doesn't take

Jamie: 2:04:52

a lot of time when you're doing it on the open sea shark contract. Yes, obviously if

Roy: 2:04:55

you want to have your own custom contract, it's it's more difficult. Yeah. But you So I did that. Yesterday, I uploaded the NFT. I put it up for auction I trying to think of when this will, I think it'll still be up for auction for maybe 12 hours after this episode goes

Jamie: 2:05:10

live. So you don't have a lot of time. If you're listening to this right now. Yes, but

Roy: 2:05:13

I will. I mean, I'm gonna, my plan is to do this for many meals, right. And I don't expect them to go for a tons of money, right? If someone wants to pay whatever, but I will also, regardless of whatever it sells for, I'm always also going to add my organ donation, which will be which will match whatever I spent on the meal. Right. So it's sort of a way for me to feel less guilty, I guess. Yeah, I have

Jamie: 2:05:38

definitely a level of guilt when I spend a lot of money on something that I completely don't need. Yeah, when there are so many more helpful ways to spend money and this is a great way to absolve yourself of some of that guilt.

Roy: 2:05:54

I guess. So yeah.

Jamie: 2:05:55

So okay, so you're gonna auction it off the total proceeds from the auction, you will donate to a charity as well as the total price you paid for the meal?

Roy: 2:06:05

Yes. So this first meal cost me 147 euros. So I will donate that plus whatever the FT says you have a charity picked out already? No, not yet. So I mean, the idea is very fresh. I am going to do some research and pick I really want to pick a good charity. Ideally, it will be a charity focused on feeding those that are hungry, that

Jamie: 2:06:27

bright, don't have it goes along with the theme very well. Absolutely.

Roy: 2:06:31

Even more ideally, it would be a charity that I can donate to on chain like Aetherium,

Jamie: 2:06:36

right? Because it's much easier for people to have a level of trust when they can literally see the transaction. Right. Yeah. And going. Well, here's a screenshot of it. Yeah, I certainly I trust you fully. But random strangers is not as likely to because they haven't known you for 20 years or whatever. Yes.

Roy: 2:06:54

That's a very big reason, and probably the biggest, but I don't have the benefit of it being.

Jamie: 2:07:00

And by the way, I just want to interrupt you. We have examples where that has happened the very first and FTDI ever admitted was stipple sunsets by Jake Rocklin. Yes, and in the smart contract, he had half of it going to him half of the money going to him and half of it going to I believe the give charity was good. I was gonna say give directly but either way, it was. Maybe it was I think it's good welder. Yeah, probably, because maybe give directly is is a different one anyway, it puts you right there on the chain. And everybody can see it's going to them. Now because this is on the open sea shark contract, you won't be able to have it happen automatically. Right. But you will be able to post the ether scan link to the transaction of seeing Yep, here's the money for exactly as much as the auction was from Zeneca. 33. To this charity.

Roy: 2:07:50

Yeah. Aside from the being able to prove it, it would be just logistically helpful to be able to not have to withdraw it into Oh, FIFA. Yeah, that will pay. Figure out the tax situation. Right. It's just messy. I, to the extent that if I can't find a charity that feeds the aims of feeding the hungry, that is on chain, I might just donate to another charity that right, except,

Jamie: 2:08:17

I mean, I guess maybe if our listeners really do know of a charity, oh, yeah, that was great. Can they can message us? Yes, it's used specifically. I don't I don't need those apps.

Roy: 2:08:28

Yeah, so I mean, that. That's the project that I would like to plug it, I'll leave a link in the description. Yeah, you might have a few hours to check it out. But there will be I mean, rating at a few more nice restaurants, his trip that's planned, I'll take photos, I'll publish them and I want to potentially reward or give something back to those who support me in this project early on. So if you win an auction, maybe in the future, if I do other cool things with NFT's I will reward say those who are in these early minutes, but I'm promising nothing because I have nothing planned. But because of blockchain technology and the way NFT's work, I can always go back and reward. I think, definitely whoever owns it at the time. I'm not sure about the Minta because it's only open seeing shed contract. If whoever wins the auction, you'll always be able to see who that was. I'll be able to Yeah, whoever wins the auction, I can reward right. But anyway, anyway, um, that's it. It's Oh, it's cold. Yeah,

Jamie: 2:09:26

let's let's give them I mean, we'll again, we'll have the link in the show notes. But

Roy: 2:09:30

so the title I just came up with is called Work hard. Play hard because whenever I've been tweeting about these meals, I used hashtag workout play hard, and you're a big hashtag

Jamie: 2:09:40

guy, huh? You're very savvy on social media.

Roy: 2:09:44

I'm, I'm a hashtag guy. Yes. We're not saying a big one. I wouldn't even say my hashtag.

Jamie: 2:09:51

I was a little bit taken aback when you said you used to work hard play hard as a hashtag. Yeah, yeah.

Roy: 2:09:58

But that's it. You're like the plug. Yeah,

Jamie: 2:10:01

like the last episode, I want to plug this podcast. If you like it, please like do stuff to make it important. Tell a friend, tell a colleague, subscribe to it. Maybe tweet about it, I don't know, do something we, we enjoy doing it a lot. And our numbers are good. We'd like for them to be even better. So spread the word. And also, as I always do abstract to the day, there's an auction up for one of my pieces right now. I did a four part series, I guess it's called called seasons. I did one for spring, summer, winter. And the last I'm sorry, spring, summer, fall. And now the last one winter, the oxygen is live right now full. That's autumn. Yes, fallen autumn are the same, right, and I'm not going to get sidetracked. And for these ones, these are unique from the rest of them in that. In addition to purchasing these, the winner is getting also either a custom airdropped NFT that they can contact me on Discord or Twitter to discuss what they would like me to do, they can look at my other works and say I want something like this or whatever, I'll work with them. And the other option is I will get them a print made of any abstract of the day they own. So the winner of the auction gets to choose between those two, you've won one of these three auctions that already happen right and you have picked the print and I have another person who won an auction and did a customer request a custom one I'm still working on it, it's very close to being done. But they said they really liked my desert wind piece that I did and wanted something like that so I have a nice one coming for them soon. And then just the other day the autumn or fall option ended and it was won by somebody named Wild Turkey who has not contacted me yet. So if they're listening contact me and we can discuss what we're going to pick but yeah the winter auction is live I personally thought that the spring and the winter were the two best looking at the bunch so maybe take a look at it and bid if you want

Roy: 2:12:05

excellent I think I have the highest bid at the moment at.025 I just right that

Jamie: 2:12:09

was the starting bid. Yeah, put it there. Excuse me, but don't be worried because Zeneca is so busy he he is not liable to be able to beat you at the last minute if you try this is actually true I want you we're trying to do it on summer

Roy: 2:12:23

I wanted the summer because I really liked it I just straight up forgot with the very first one I set alarms because I really want to

Jamie: 2:12:30

know I thought it was great.

Roy: 2:12:33

My battery is dying.

Jamie: 2:12:36

So bad. And with that okay, this has been episode 4 of Two Bored Apes thanks for listening.

Intro: 2:12:43

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