Episode 12 - Uhhthereum

Jamie: 0:00

The hosts have to board 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. On this week's episode of two board apes we talked about Facebook trying to co op the metaverse Bitcoin hitting an all time high, the mutant ape Yacht Club merch drop, APE fest being around the corner, we do some Artblocks updates, including talking about the incomplete controlled Dutch auction, a recent factory drop, and then we talk about an adjacent project called bato. Then we take some questions on Twitter and answer them as per usual, and we talk about my one F. Nope. Roy's one eth challenge, my abstract of the day project. And then Roy's upcoming NFT drop

Intro: 0:44

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: 1:02

Welcome to Episode 12 of two bored apes. I'm your host Jamie. I'm here with my friend and co host right who's nursing a headache? Right? Aside from the headache, how are you doing?

Roy: 1:12

Yeah, aside from the headache, I'm doing excellently like I'm loving life. It's been a good week and everything but in the very immediate present. I have a terrible headache. And I'm actually recording this podcast with like, I shot and a face mask or an eye mask thing on so be interesting. But yeah, that's,

Jamie: 1:31

that's insane.

Roy: 1:33

Yeah, it's a funny picture. But we'll see how we. Yeah, I mean, we were thinking about delaying it and postponing the recording till tomorrow. But that would mean delaying the release. And I figured let's just try this

Jamie: 1:45

out. We're really pressuring the sound engineer. Yeah. going quick.

Roy: 1:49

Yeah, neither options into appealing. No. How are you doing?

Jamie: 1:53

I'm doing well. I'm recovered for my what it will we would call it our I just wanted to say two big meal. But I'm trying to think of a word that means it's like a tradition or whatever, I guess traditional, our traditional pre podcast two big meal. Yeah, I

Roy: 2:11

was gonna say obscene dessert. Yeah, it

Jamie: 2:13

was the meal itself was fine. But then my darn mother in law gave me too much apple crisp and ice cream for dessert. And I had to take a nap to recover for for you. And also pour that listener who messaged us and said, We need to get right to the NFT content. They don't want to hear about how we just ate chocolate. Yeah, now they're hearing about you know, your eyes are closed. I had Apple, Chris.

Roy: 2:36

Yeah. If you're listening to this podcast for like, straight up alpha and facts and journalism. And yeah, just just that your this is probably the wrong podcast because we get

Jamie: 2:50

I mean, I feel like we do give a ton of that. But there's a lot of stuff in between. Yeah, the time I drank my own pee. There's the time I thought I died. You have a headache? Yes. A lot of there's a lot of other stuff.

Roy: 3:01

This time, we spent like 10 minutes reminiscing about video games.

Jamie: 3:05

Right? Yeah. And I was ashamed that I told that story about the Pee and now here I am bringing shit, let's let's do the thing though, about the NFT thing by and we'll get some more random stuff later. All right.

Roy: 3:23

News of the Week, the week.

Jamie: 3:27

We this was a little bit of a struggle. Yeah, I mean, we we have like several things that are almost worthy enough of being the news of the week. So we're just going to talk about a few things. Yeah, like

Roy: 3:39

the last few weeks, we had a very pretty definite like, hey, that's that big thing happened this week. A little bit. We're talking about it this week. Yeah, there wasn't quite that. But yes, so one of the first thing was

Jamie: 3:49

probably the thing that specifically in NF T's got talked about most Yeah, but in crypto in general. Just the the ripping of the blue chip coins was probably the biggest news. I mean, Bitcoin all time high. Is that is big. Freakin

Roy: 4:05

huge. Yeah. Yeah. eath almost hit an all time high,

Jamie: 4:10

I think very close. Yeah. I mean, just anytime that normal people are talking to me about Bitcoin again, it's like some biggest happening. And that's that's starting to happen again.

Roy: 4:19

Yeah. And that it sort of had a an effect on the NFT market. Like, it's likely that it was correlated, but we can't know for sure for sure that it was but the NFT market has basically been like in a bearish phase for the last week or two as Bitcoin and eath specifically have been soaring in price basically.

Jamie: 4:42

Yeah, I'd say like the last two, two and a half days though. The coins have sort of stalled out and then FTEs or are looking good again.

Roy: 4:50

Yeah, absolutely. For my daily stats updates. Two days ago and yesterday. They were they were mostly green, and then today, I haven't actually checked them. And to be doing that after this, but you asked me to open your eyes and yeah, I'm probably just going to skip it and go to bed.

Jamie: 5:08

That's probably a good idea. I think. So yeah, we we just we touched on the crypto, there's not much more to say other than what we said. But the Facebook thing we could get into slightly deeper basically, it leaked. I believe it was a leak that Facebook is changing its name. We don't know what they're changing it to. But the leak said that it's something Metaverse related. And that's basically all we've heard. And a lot of people are talking about it. And you know, because a lot of the people that are sort of into the concept of the metaverse at this point, because they're so ahead of the curve, and they're so into the decentralized concept of it. Don't love the idea that this giant corporation that a lot of people think acts pretty unethically are possibly trying to cooperate or whatever. And I guess people who have read Ready Player One are saying, Oh, they're like such and such, but I have not read or seen it. So I don't know anything about that. Really.

Roy: 6:04

I've read and seen and I hadn't actually heard that. That

Jamie: 6:10

some company runs it or something. Yeah,

Roy: 6:12

there's like big evil corporation, basically. Side note, but I did not like the book or the movie. I think it might be a case. I like the movie more than the book. But I was so excited for it. I love the concept. I love the love it so much in theory, but I just really hated it. Anyway, I

Jamie: 6:31

heard that there was a sequel that was even worse, too. Although I mean, we I say even more any player to ever, it might be as if everybody agrees, but it seems like the book is largely universally liked.

Roy: 6:43

I know why I had pretty high expectations as well, but I really hated it. And I

Jamie: 6:48

also heard other people say it's just a bunch of like references to stuff that people who grew up in the 80s liked or whatever. And yeah, there's a lot of that very light on anything else.

Roy: 6:59

Yeah, yeah. Anyway, I could I could rant about it for a while. But yeah, the Facebook news is obviously big. It's they've really been getting into like the virtual reality area a lot for the last several years, I think. And so this somewhat seems like a natural progression for them. If they read like the Facebook name has obviously got a lot of bad press over the last few years as well and rebranding make some sense and to be Metaverse minded as this hot topic at the moment in tech make some sense. But yeah, I guess I would agree with the people that are not thrilled with the news in the sense that you know if they just come in and create this giant Metaverse, and then a ton of people like mainstream adoption ends up flowing into the Facebook Metaverse, which is not actually decentralized, and they're controlling a whole bunch of stuff. I can see that being just a net negative. But on the flip side, if it's no, it does bring mainstream attention to NF T's and the metaverse in general. I could see it ending up being a net positive but yeah, skeptical, for sure. Yeah,

Jamie: 8:10

that sounds about like my feelings on it, too. I'm also, you know, because I first came across the concept of the metaverse from that writer Matthew ball who I talked about a decent amount. And he was talking about it like kind of literally before anybody but his concept of the metaverse was always more like even the metaverse comes after the internet in terms of it being sort of an all encompassing technology that involves a lot of different protocols and, and incalculable numbers of individuals and companies all doing stuff on it and in it and all of that rather than the way it's used now where it's like we're talking about these different things that we're calling meta versus whereas, you know, his sort of vision and description of it was more about the interoperable nature of all of them being sort of the metaverse so that the concept of like any one company owning the metaverse is basically, you know, by His definition, that would not be the metaverse that's just some sort of walled garden, which is a different thing.

Roy: 9:18

Oh, like it's part of the metaverse like, yeah, that's sort of the way I see it is. Sandbox. decentraland somnium, space, crypto voxels. All these companies building like, well, the AR world. Yeah, well, yeah. Versus Yeah, a lot of people call them Metro buses. And I would say that they are like, Mini Metro buses. But the metaverse is like all of them combined.

Jamie: 9:44

Yeah. Like, to me, it's sort of Yeah, like the ability to bring your persistent, you know, entered a like Avatar that you kind of pick in this digital realm that we're sort of moving into To have that avatar go with you, from this virtual world to that virtual world to that virtual world, to your Twitter to your whatever. Like, to me that is sort of what I'm thinking of as the metaverse. But also, I'm sort of thinking of it as a thing that is not even here yet. You know, sandbox isn't even here yet, for that matter.

Roy: 10:21

Hopefully soon, I've been thinking lately about. So I used to own crypto voxel land, and then I sold it. And like, lately, I've just been thinking about getting more land because I had so much fun building like an art gallery in there and just playing around, I think that would be really cool to do.

Jamie: 10:38

Yeah, it's, it's when I think about the sort of different sectors so to speak of NF T's it feels like digital land is a big one, that I've literally never had any of I tried to get in on a couple of those sandbox drops. And then those are sort of just like, who can click the fastest and be the luckiest and use the right amount of gas contests. And I just never want them. But it's, it's it's a very interesting thing. And it seems like maybe they will have like the worst returns possible as a category. But also, some of them might have the best returns possible. Because it does seem like you know, in the way that all the different, let's just say whatever apes are unique to each other, the sandbox land feels like, a lot less. So there's no such thing as like rare sandbox land, you know what I mean? So it's sort of all about what you build on it. But I feel like you can sort of also do that with these other NF T's that already have a little bit more of something to build off of like, it's such a blank slate, with the digital land. And it also seems like a thing that's so easy for companies to flood the market with. Whereas these things that start off more like collectibles, it makes more sense to me for the companies to keep that digital scarcity, artificial scarcity, whatever you want to call it intact, in a way that it necessarily doesn't maybe for the digital

Roy: 12:11

land. Yeah, I think I agree with a lot of that. Yeah, I don't really have any more to add, other than I'm pretty excited. By the idea of just getting my hands on some land again, and building I was on was it. It was like a podcast or a show for the defiant a few weeks back with, I think it was the CEO of somnium space was one of the guests as well. And like on the call, he was his background, like his actually, he didn't even have like we were all video like had webcams on and showing faces, he was showing like his avatar in somnium space running around driving cars and stuff. It looked really cool. And that sort of made me want to buy some land and play around in there. And yeah, I

Jamie: 12:59

definitely can sort of envision a time in the not too distant future where like that that NFT group chat of ours that we talked about a lot on this podcast and spent a lot of time chatting in and kind of hanging out and I can see it being reasonable for some of that to be much more virtual. And, like, more digitally tangible in a way where where it, it feels more purely like we're hanging out rather than we're all in our separate spaces and happened to be communicating in this WhatsApp chat. And like, you know, I love the game werewolf. We've talked about this before, probably but I like the idea of having a, you know, one of these pseudo meta verses where it would be fun and feasible and easy to hang out with some friends and play a couple games a werewolf I love that. Sounds fun. It does. I mean, we're still in news a week here. Should we talk about that world coin thing or no? Because we don't need to?

Roy: 13:58

I don't think we need to.

Jamie: 14:00

Okay, well, world coin is also a thing. And the news of it, I think just came out this week. But I think we'll probably wait for it to be more of a thing before we get into it. Or maybe somebody asked about it in Twitter q&a At some point. Yeah. But you know, people can Google it if this is peeking their interest. Yep. Saying that it's not worth talking about.

Roy: 14:23

It. Probably.

Jamie: 14:23

If that makes you curious. Yeah. Go ahead and Google it.

Roy: 14:27

All right. news.

Jamie: 14:29

News of the Week. Right, let's talk about the board APR club.

Roy: 14:35

All right, let's do it.

Jamie: 14:39

Go, Ready? Go.

Roy: 14:42

There's a merch drop a couple of days ago.

Jamie: 14:43

Yes. This is now the third merch shop if I if my math is correct. That's right. And this one was mute and exclusive. So that's kind of cool. They're they're kind of folding the mutants into the get into the club, as they were told they would be your URL officially members of it if you haven't eaten yet, and now they've got their first new merch drop. Did you take part in it?

Roy: 15:05

I did. Yes. i What did I get? I got two hoodies to four shirts. I think that was it.

Jamie: 15:13

I got exactly half that. I got one one each of the two different shirts and one of the hoodies.

Roy: 15:18

Yeah, well, I know that Rachel would want at least a hoodie. And maybe the shirts as well. So

Jamie: 15:23

right just doubled it. I think Kayla wants me to have less of my own NFT things as clothing nevermind some also. Yeah, I suede. So we have our own merch.

Roy: 15:35

Yeah. Oh, yeah, we can we can talk about that later. Maybe? We can. I

Jamie: 15:42

was kind of bummed. I also had that exclusive skateboard.

Roy: 15:45

Yeah, that's what I was. Like, that looked really cool. And like when I was on the site, I was like skateboard. I don't want that ever skateboard at all. I tried it a bit. But oh, my God,

Jamie: 15:56

when when I was I wouldn't let me go back in my brain here to really get the ages. I want to say like 14 to 16. I spent so much time skateboarding and not making any progress. Yeah. And I would I would go inside. And like, watch 35 minutes of my favorite skateboarders on YouTube and get like, really amped up and then go in the garage and just be fucking terrible at it. And I did this over and over and over again for literally years.

Roy: 16:31

They had YouTube back then. That's so crazy. I think so. Yeah. Wow. YouTube's been around a while.

Jamie: 16:39

It has I'm gonna I'm gonna I'm gonna Google YouTube.

Roy: 16:42

Yeah, I think they think they might.

Jamie: 16:46

Because, you know, like, Google didn't even make it. You know, they acquired it. Yeah. Founded in 2005. So I guess it wasn't YouTube, then. I must have been watching them on some other site. It turns out they had videos on the internet before YouTube. Yeah. But now we just call anybody on the internet. YouTube. I was watching you do?

Roy: 17:08

Yeah. I did. Where it was what I rollerbladed a bit. But again,

Jamie: 17:15

I by the way, we used to call you fruit booters. That was the AMA homophobic name that us cool skateboarders had for ya. rollerbladers. So, so cool. God, it's so cool to be a suburban white kid. When you're a teenager, you know, you really understand the world and like, what is cool and what's not cool?

Roy: 17:35

Mm hmm. We were talking about the metro. Yeah, they had escaped.

Jamie: 17:39

Yes. And they had the cool skateboard deck, which I have already seen. Those have been going for a lot of money, because I don't what do they have? 100 of them are 1000 I think it was 100. I thought it was Unlimited. No, no, that was the one item that was

Roy: 17:52

limb. Ah, okay. Well, then I probably couldn't have got one anyway. Yeah. And the definitely couldn't have. Yeah, okay. I feel less bummed that I missed out. Because they do look cool.

Jamie: 18:01

They do. And they said actually, which is cool. They were in the like, yoga labs said they were inspired by and I apologize for not knowing this apes name, but some ape who has just done that already was designing skateboards. They all say like, stay bored. And then have, you know, just various different apes and yeah, whatever backgrounds and stuff. They look nice. I kind of wish I was still cool enough to skateboard. Oh, we're off topic here. But another thing that I would do is like spend endless amounts of time researching what are the absolute best wheels? What are the absolute best decks and bearings and trucks? And And my idea was like, I'm just gonna eliminate any possible reason that I can't be excellent at skateboarding. And then I put together this like perfect skateboard that had all of the stuff that I spent all this research on and it turned out I still suck you know? I had no I had nobody to blame but myself

Roy: 19:01

here I actually speaking too much. I believe that my board ate your club merch from the last menstrual has been sitting at the post office for like a week and a half now and I haven't gotten to pick it up because a me lazy would be I wake up super late.

Jamie: 19:17

Is it the post office supposed to take it to your place?

Roy: 19:19

Yeah, but I guess I wasn't home and they couldn't leave it here. So they just give up after once or whatever. Yeah. And they left a card saying come pick it up. And yeah, it's like not the closest post office. It's the one that's like a 17 minute walk and Oh, my God, I but then that's it suddenly

Jamie: 19:37

love walking though. That's like your whole thing. Back when I was?

Roy: 19:42

Yeah, yeah. Now,

Jamie: 19:45

all the things we used to do before and fts. Yeah. Good. Hold on. There's a bunch of big trippy ape sales this week. Oh, yeah. A bunch between like 102 100 F.

Roy: 19:57

That's pretty cool. Yeah, hey, turned around as well, you know?

Jamie: 20:02

Yeah. Yeah. And it, it got like below 30 The floor price.

Roy: 20:06

I think it was down to like 26 at one point. That's crazy. And now it's back to 35. Yeah. Eight fest is around the corner.

Jamie: 20:15

It is and I'm going to it and I'm friggin excited. So tomorrow my like, main goal for the day actually is to like really schedule

Roy: 20:22

it all out. Yeah. Very excited cuz

Jamie: 20:25

i That's my main thing. Basically, I just I don't want to miss the actual yacht party. That's, that's the most important to me. But the space is limited to like the first, I guess. 750 people? Yeah. So I just like I don't want to fuck this up. Yeah. And I make sure I get my ducks in a row and show up on time to get the ticket or whatever.

Roy: 20:47

Yep. Very exciting. Do you think you think there's gonna be a bunch of people missing out and bummed? Or do you think there just aren't going to be that many apes in New York City?

Jamie: 20:59

I don't know. But, but if it's going to be the former, I'm going to make sure I'm not one of them. That's my plan. This this also, by the way reminds me of ecchi monopolist strat, where I said, I'm going to spend however much gas I need to spend to get one of these things. And then eight minutes later, the drop was over. And I did not. But let's I hope that doesn't happen. But if it does, I guess I'll survive anyway.

Roy: 21:23

Yeah. There'll be future yacht parties. There'll be future yacht

Jamie: 21:27

parties. There's a bunch of other events. And even I've actually heard that when a protest is not going on. There's still a lot of things you can do in New York City. You've heard this Yeah, sorry. I can make something happen. I

Roy: 21:40

was NFC NYC is all happening like right off right at the same time.

Jamie: 21:45

And then after that, I gotta head out to Vegas. lol series.

Roy: 21:49

Yeah. Yeah, poker. Poker. Vaguely.

Jamie: 21:54

I'm gonna go play the main event. That's

Roy: 21:55

when we met again.

Jamie: 21:58

I think the day one A is November 2, I want to say, Okay. And I My plan is to play like d or e probably. Yeah.

Roy: 22:08

I think America will only let me in from the eighth of November onwards. So I probably can't even play the main event if I wanted to make like a YOLO trip. Right?

Jamie: 22:17

What year was the last year you played the main event? That's good. Stop. Quit acting like it's America's fault. You're not playing the main event?

Roy: 22:26

No, but like, now I I have enough money that I can justify.

Jamie: 22:30

You can blowing in and no limit tournament? Yeah. Yeah, no, but I do actually want to know, what did you only play at once? Maybe?

Roy: 22:39

I think twice.

Unknown: 22:41

Three times, lady.

Roy: 22:45

Yeah, I was at the World Series. Maybe like four times. But I think

Jamie: 22:52

one four times while you are eligible, because you Yeah. 2008 When you were too young.

Roy: 22:56

I think once or twice I was under age. I still played cash games. But obviously tournaments require ID and stuff. And then, yeah, so maybe only twice was I at the World Series while I was eligible, and I would have played both times.

Jamie: 23:12

You did not do well, did you?

Roy: 23:13

Oh, no. One of them I went out and day one. Which is like that's tough to do. And I know.

Jamie: 23:20

Yeah. Like John it, but it's rare.

Roy: 23:23

Yeah. I think I think I got kings in against aces. But yeah,

Jamie: 23:28

right has such bullshit. That's just something that your brain tells you. Yeah, happen. So you feel better about how badly you blew your stack? I bet.

Roy: 23:37

Well, I probably blew like a bunch of it. And then yeah, and

Jamie: 23:40

then when you had three blinds and shoved it you happen to have done this so

Roy: 23:44

many chips that it's like, oh my god, it's even if you have King journalistically want to get all in preflop you definitely

Jamie: 23:49

shouldn't. If it's right at the beginning, you have like 600 blinds or something, you know. Anyway, yeah, this is some good NFT talk.

Roy: 24:00

I think that was it for the border. We'll cover it. It's been pretty slow week

Jamie: 24:05

arts for us, as far as we know. I'm sure some other people know something, but I'm sure 10,000 of them you know?

Roy: 24:12

Yep. And that's just the apes. Yeah, a whole bunch of mutants to probably those

Jamie: 24:17

dogs were getting so crazy cheap. They got down to like 1.6

Roy: 24:20

Whoa, I did not know that. That's insane. That is insane. That's Wow, we may never see them. Like we may never see an entry into the body of your club that cheap again.

Jamie: 24:35

Yeah, although they're kind of not officially an entry or whatever.

Roy: 24:39

They're in the ecosystem, not the club there

Jamie: 24:41

they are in the ecosystem. But yeah, they're not they're their companions. Yeah, they're officially companions. Yeah.

Roy: 24:50

I need to though. Nice.

Jamie: 24:54

And I might have three I have a I have an NF T fi loan out to someone that may or may not be able to reach pacing.

Roy: 25:02

You got something through an NFC if I learned a new

Jamie: 25:04

Yeah, I got a beat boxes.

Roy: 25:06

Oh yeah. Nice. Yeah. All right. What APR or APR

Jamie: 25:13

club? Right. I was gonna say let's talk about our parks. We have a couple different ways to get into these. I'll do it now to our blah. Jamie.

Roy: 25:26

Let's talk about our books.

Jamie: 25:27

Let's talk about our blocks, right? Hey, let's try to take hosting. This is all I have.

Roy: 25:34

All right, I'll start we we saw a Dutch auction this week, a playground dropped by Tyler Hubbs, which I think we spoke about on the podcast last week, we for sure did cooled in complete control.

Jamie: 25:49

We tried to do math about what the chances of you getting a mint was.

Roy: 25:54

Yeah, the game didn't go. Well, on Friday, they had the Dutch auction for 50 of the minutes. And the Dutch auction started at 500 eath. And then the ending price would have been five eath. And I think for a lot of people who saw this, myself included, were like, it's just not going to get low enough to anything reasonable. I'm not going to bother following it and went on with their lives. And it turns out it dropped lower than I thought it would have for sure. And effectively sold out at 30 eath. Which is still a ton of money for piece of art that you have very little ideal. Almost no idea what it looks like. None at the time. You had like a description from him, but not like visual. Yeah. Yeah, like a description of the idea behind it.

Unknown: 26:48

Like he's what he was going Oh, that's very little. Yeah.

Roy: 26:51

But you know, it is quite literally the next fidenza. And sort of Yeah. And so yeah, they sold out at 38th. And then just almost immediately, it was going for tons more than secondary. There was

Jamie: 27:08

like, Do you know what the the most expensive one was? Yes.

Roy: 27:11

First person someone bought it at? And someone bought at 70. And then there were like, reasonable man, man import purchases at like 40 and 35. And then like 20, or 30 of them sold at 30.

Jamie: 27:26

It's Yes, insane that we didn't find a way to get one or a piece of one at 30.

Roy: 27:31

Yeah, no, I know. But it is what it is. Another friend of mine did get one at 30. Shout out to mop. And he I believe flipped it for a pretty good profit already. So there were a bunch of sales. Pretty soon after the sell out, I'd like 45 5060 I think the highest sale has been like 70 or 75. And like

Jamie: 28:00

sort of an interesting psychological experiment, because we see this sort of action happen sometimes with like a curated drop, where then we see the art. And as we collectively all see more of it, we can go like, Oh, this project is great, that sort of thing. And kind of justify it that way. But it's kind of interesting and weird for the Dutch auction to get down to 30. But then immediately after to go for this. Yeah, but I guess a lot of it is like people like you and like you were saying just assuming it was gonna go for more and finding out after Oh, God all the way here. Let me try and grab one.

Roy: 28:37

Definitely some element of that. And I think just some element of crazy rich people who just didn't want to bother following the Dutch auction and then the Yeah,

Jamie: 28:46

some people also just have schedules where it's like, I couldn't be part of the Dutch army. Yeah, I kind of forget that. Because for the last What is it 18 years of our lives or some shit. We've been like, Yeah, it's weird. Oh, scumbags. I could do whatever we wanted whenever we wanted pretty much.

Roy: 29:04

One of the buyers was Cosmo Domenici, aka Snoop Dogg or Snoop Dogg's NFT person or whatever. I think he bought at 60 or 55. And the other floors 100. Now, so just insane profit for the people that got in early. And it's actually very good news for the people who can or will win via like the auction lottery raffle thing? Oh, yeah. No fidenza or crypto citizen then you are if you win that raffle, you're eligible to buy one at half of lowest Dutch auction price. So half of 3015 eath. If the floor is 100 You're laughing all the way to the bank.

Jamie: 29:47

Yeah, what's basically an 85 F unrealized gain.

Roy: 29:51

Yeah. Not bad. Not bad at all.

Jamie: 29:56

rich get richer too because you know, those are all people that have fucking finances.

Roy: 29:59

Yeah. Pretty much although it is kind of cool to think that some of those people are going to be people who have the crypto Venetians and yeah, they got those for free. They were just had to go to LA in person for a lot of them it was their first NFT. So in that case, it is very cool that

Jamie: 30:21

I've talked about this one time before, I think but the the guy who won the auction for the autumn piece for my collection. His name was in scrims wild turkey, but his very, very first NFT ever. He just minted a fidenza It's extremely not a floor fidenza And he still has it. That's so awesome. So awesome.

Roy: 30:45

What? What are the traits that make it not floor?

Jamie: 30:48

I can't remember it might have been one of those overlapping ones or something. But it was like it was desk. Definitely not a garden variety one. Yeah. I can't remember off the top of my head, though.

Roy: 30:58

That's really all season.

Jamie: 30:59

She's just still got it.

Roy: 31:01

Yeah. Wow. I had someone DM me on Twitter a couple of days ago asking if I had multiple lenses. And if I wanted to trade one for a punk plus something. And I was like, No, I just got the one. I will and I don't want to trade it. But I will trade a bunch of other app blocks or something else. And he's like, just want to fidenza and then and then he asked if you had multiple and you know

Jamie: 31:28

what a funny, funny character.

Roy: 31:30

Well, you know.

Jamie: 31:35

I wonder too, like, I I feel like I was legitimately like I might have been honestly, point one five eath away on a couple bids. Like I could have got three if I was slightly less cheap. Because I was God, I was bidding so much on them. So much meaning so many bids. Not so much money.

Roy: 31:54

Yeah. You probably would have sold by Nadler. Let's be real. Oh, I

Jamie: 31:59

definitely would not have raped all of the gains on all of them. If I did, yeah. But you know, I was doing like a whole range of like, between point five and like, 1.4 Yeah. So like, legitimately I could have ended up with two of them. On the lower end ones if I just did like point six five. Yeah, cuz I was I was definitely always bidding enough to be close. But,

Roy: 32:23

you know, anyway,

Jamie: 32:25

market bought one. Yeah. Well, yeah. But I was also trying, I was like, going through and bidding on ones I liked to, there was so many. And they were so cheap. And I was like, bidding. So frequently. I was like, of course, I'm gonna win one of these bids. I might as well get it to be on what I like. And it turned out No.

Roy: 32:46

I will. Oh, well. Oh, well.

Jamie: 32:50

Yeah, no, a cool factory drop. Also an art box. Unless you want to talk more about incomplete control.

Roy: 32:56

We can move on to beauty in the hurting

Jamie: 32:59

by drop our talking about I kind of want to talk more about a complete control down and get it for you. But I just I'm curious about the concept of like these, you know, again, we're talking about this in the group chat a little bit, but so you have ringers, which is also I believe, 1000 mid size, which is like the OG expensive, curated collection before cadenzas. And now they're basically the two. But then Dimitri, the artist for ringers, his playground drop was called the eternal pump. And that was 50. If I'm not mistaken, yes. Um, and we were just sort of talking about how much the art matters when you have a drop size that's so small, as a follow up drop to one that's so successful of art that people love, and value so highly. And like the difference between a floor price piece and a ceiling piece in a project that's only got 50 or 100 minutes, versus one that has 1000. I just I think all those things are interesting to think about and talk about, maybe, maybe we don't have anything specifically to say about it on the podcast, other than what I just said.

Roy: 34:11

Yeah, I agree. They're interesting. I have no profound

Jamie: 34:16

salts to add. Yeah, also said that the eternal pumps from what I've seen are much more similar to each other than the ringers and cadenzas themselves are, so it'll be interesting to see how much variety there is in the incomplete control drop, and how much that affects the discrepancy between like a ceiling piece and a floor piece, because as far as I can tell, with the eternal pumps, rather, they're all sort of just valued a lot and it's not really clear if na are considered, generally speaking way nicer than others. Yeah, I haven't really looked into the trade the product has always been too expensive for me to to research that much. But just from looking at them, they all look

Roy: 34:59

very similar. Yeah, yeah yep.

Jamie: 35:03

Um so beauty in the hurting

Roy: 35:05

yeah this this is a factory drop that I think dropped on Wednesday and it's one that I saw in it like in advance I thought they looked awesome I still think they do look awesome and then I just I got busy sidetracked didn't set a reminder and it crept up and then just sold out before a fray I guess minted any? Which is a bit of a bummer Yeah, I just I would have liked to have mentioned I think it last I checked it was going for more on secondary than what it sold out. And I think it's sold out at point two. So I mean that's just a pretty good like just the fact that it's sold out in the first place at the moment is shows that the community really liked it because we have a bunch of factory drops now that aren't selling out immediately. And some that have sold out in the trading for bloemen excuse me so um, yeah, I just think it's a really cool drop. It looks awesome and I'm definitely gonna buy some at some

Jamie: 36:04

point is is just barely above that right now. Point two to five is the four piece Yeah, but there's like plenty available below point three now you have good variety if you want a sharp one I'm looking at now it is it is an interesting project. I like the look of it I'm I'm liable to shop also that that him in cloud one that we talked about before that I was definitely planning on Yeah. minting one it looked like I guess that was one of the ones where they decided to we're gonna close the minting after X time because I thought it was like a 1024 size. But then I I went to look just I had been checking in intermittently to know Okay, when do I have to finally actually mint this because I want one. And then I saw Oh, it's it's done at 522 or whatever. Yeah. And then of course the the secondary market started bidding them up once they realized they were all gone.

Roy: 36:53

Yeah, I think they announced that they were going to close it on like, a Friday, like at the end of the week. And then

Jamie: 37:01

yeah, it seems like the kind of thing you should have told me about.

Roy: 37:04

I'm pretty sure someone in the group chat mentioned that so

Jamie: 37:07

but you should have called me in our private one on one chat. Roy. They're so pleasant. It's like a nice nice.

Roy: 37:18

I love the edges. Like yeah,

Jamie: 37:20

oh, yeah. Yeah, well, how it looks like very organic and yeah, I do like that. I mean, I'm now I'm just this this is one of our favorite segments where one of us just looks at our, but I like the more actual sky blue ones rather than like the nighttime

Roy: 37:39

saber blues. Yeah. I'm gonna have to even if they're not rare, but what is the floor on them? No.

Jamie: 37:45

Point three, six. I think it was like point four or five last? Yeah,

Roy: 37:48

point three six is not bad. I think mid price was point two five. So

Jamie: 37:51

good. entry point here. Yeah. God, generative art is very cool.

Roy: 37:57

Uh huh. It is very, very cool.

Jamie: 38:00

And nobody knows about it yet. Practically. Practically. I'm gonna buy one of these x. I don't have my wallet on this thing. Do I?

Roy: 38:09

What is this thing your laptop? My laptop? You can probably buy off the podcast.

Jamie: 38:16

I do actually have access to it. Oh,

Roy: 38:18

there we go. Love when we buy things live on the show. Last week, I think I was getting the

Jamie: 38:23

how want to put more time into looking at them though.

Roy: 38:26

Yeah. All right, what? So there's another thing we wanted to talk about. It's not quiet on blocks related, but it's all related. And that is Hold on, hold on. Hold on. Hold on. Hold

Jamie: 38:40

on. Dumbledore had another drop as well. Oh, yeah.

Roy: 38:42

I know. Almost nothing about that though. It meets him

Jamie: 38:45

but I figured you did know because you're sort of an efficient auto of his at least for a while.

Roy: 38:50

You I was definitely following it much more closely. I've just generally been following up blocks weigh less for the last several weeks. Actually, I've been following most projects weigh less for the last several weeks as other things. But yeah, so shambled had a drop 444 was the addition size? I think it's sold out at point four, four, which is crazy low for his drops, because usually they go out go for much more. Yeah, this is the uploads bear market and those kinds of crazy things happen. Yeah, I really don't know much else about it.

Jamie: 39:25

Okay. Okay. Let's talk about Bata van

Roy: 39:28

auto. So bado. I think we mentioned it previously on the on the podcast as well. It's the AI like, project where the community gets to train the AI by voting on different images. And it's the way that who is the community? Yeah. So the way that I gathered that community was they basically airdropped, or made it so that anyone from certain communities could claim bottos claim of or it's not an airdrop Yeah. So even though they call it an airdrop on this site, which is misnomer. But yeah, if you had like a board ape, if you had crypto punks, me bits, art blocks art from superare and a couple other projects. If you'd like minted them or held them in your wallet at a certain snapshot date, you are eligible to claim these free tokens. And you can use those tokens effectively to vote on these on the art that you like. And then at the end of each month, the AI would create an artwork or pick one of the ones that was voted the best I can't remember which way it works, but and then they would auction it off on super rare and use the auction proceeds to buy back and burn the bolo tokens for market effectively increasing the value of them. And last I checked the auction. I think it was like

Jamie: 40:48

80% or something right? They were gonna burn up 80% of the proceeds or something.

Roy: 40:54

Yeah, I think it was 85 because 15 goes to super rare. So it's like all that they get that burning.

Jamie: 40:59

I say okay,

Roy: 41:00

I'm just gonna check to see if the auction is over. Because I know what it is.

Jamie: 41:04

It went for like 79 or something.

Roy: 41:07

Yeah, that's it. That's great.

Jamie: 41:11

It's the guy who bought it said it's this project is the thing. I'm most bullish on since Bitcoin in 2012.

Roy: 41:18

Wow. Yeah. Yeah. Oh, he really swung for the fences Starry Night bid on 69. eath. Yeah, has his tweet

Jamie: 41:27

was like thanks for bidding on the starry night. But I just had to have it because I'm so bullish.

Roy: 41:31

Yeah. 79.4 to one, which

Jamie: 41:36

is a fucking cool project. Yeah, I do. Wish you just you saying the thing a minute ago about if the one that they mean is like the most up voted or whatever. Like I actually wish, and that's probably the information probably is there. I wish I knew a little bit more about what was happening on the back end. Because like, I have done a little bit of voting. I got some of the bottle tokens from claimable ones I didn't buy them. I did not sell them. I staked them. So I could take part. And I've done some of the voting, but I'm not sure if those are being generated in real time, or they have like a batch of 1000 that we're all voting on. i And again, I don't the latter because I've seen real case. Yeah. Okay. And then I don't know, like you said, are they minting the most liked one? Or are they just using all that training data to run the algorithm? Like once? Yeah, whenever they're ready to have a new min and then go boom, here's the piece. Yeah, I'm

Roy: 42:35

also not sure. And I would love to know more I think about you could read the documents and ask it. Yeah, that's what

Jamie: 42:40

I'm, I'm thinking that the information is out there, I just haven't done it. I would like to train the algorithm to be a little bit more abstract looking and a little less surrealism looking. That's, that's sort of what I've been trying to push it in the direction of when I see it, because it's just, it's a little bit there's too much of that look, where an AI is, like, almost showing you a figure like you can see like sort of half of a face, where it's doing something that's sort of it's also interesting, it's all fucking super interesting. Where it is a little bit cubism, a little bit surrealism, a little bit abstract, because, you know, like, it is this computer just trying to figure out what the fuck is human art or whatever. And it just, it doesn't have it doesn't have hard definitions or whatever. It doesn't know who Picasso is, you know, just got a bunch of goddamn data and going okay, this is art. I guess I'll try and make you some more. It's real interesting stuff. Yeah. Yeah. And, and also makes me think more about eponym. And just the concept like, of machine learning, taking over more for the job of doing art, just as generative art is going to take some of the art creation away from more traditional artists. I can see how machine learning is going to be able to take more of the art away from everybody as well.

Roy: 44:07

Yeah, I mean, it's also interesting. I, I mean, I one of my first NF T's was aI art by our house.

Jamie: 44:15

Yeah, I remember bidding on a lot of those as well. Yeah. And we got one.

Roy: 44:19

I just loved the concept, and I bought it and it, never commercial success. But it's cool to see AI projects taking off. Now. I know there have been a bunch of other ones that aren't eponyms obado That that have launched over the last several months. And I don't know specifically how successful they've been, but it's just cool to see more of them. And some of them been very successful, at least

Jamie: 44:45

Yeah, it's also it's kind of just fun. For me personally, to see machine learning come back because, like maybe I would say, three and a half ish years ago, machine learning that might be Little too long, but somewhere in that range, machine learning was like the thing that I was spending most of my time and effort, like learning about and trying to do because it seemed like such a powerful thing. Yeah. And then I got kind of sidetracked and just started playing more poker again. And then I got sidetracked from that doing this NFT stuff. And now the NFC stuff is circling back to Poker through the Royal Society of players and circling back to machine learning through these projects. It's all interested all coming

Roy: 45:30

full circle. Yeah, yeah. Yeah, so that's bado. I was trying

Jamie: 45:36

to think of what came before poker in my life. And how does it circle back through and fts? You being a physics major, or working at a second round movie theater in the in the hood? Yeah.

Roy: 45:48

I mean, and then we get back to video games in our childhood. Yep. You know.

Jamie: 45:54

So that's all we had written down for our boxes, those three things? Yeah,

Roy: 45:58

I think that was I just want to mention the bado token is worth roughly $1.50 at the moment. So if you think he had any of those projects,

Jamie: 46:08

definitely you have a while to claim it, too. So

Roy: 46:11

you have to have a sixth of January. Yeah. So you can I think claim $600 It's basically$1,000 Worth, at the very minimum, if you have multiple projects, then you can claim up to several 1000 worth. I think this snapshot was in June or July. And

Jamie: 46:31

yeah, the snapshot was a little weird, though, as far as I can tell, to where like, they had different snapshots over the course of like a week and a half for the different projects. And on the website, they kind of just give you like the two week range of when the snapshots were. And then people are like, Why had my AYP in July or whatever. But it seems like maybe the AYP snapshot was like then in late June, and the website is just not clear about which one happened when and so people are definitely indignantly thinking they are entitled to some but are not because it you know that this snapshots, yes. started before they had their thing, but that was actually a snapshot for one of the projects that they don't have. Yeah, there's some people on Twitter,

Roy: 47:22

there's a ton of people saying that they should have had them. And I think it's, it's, there's just an error from the bado team in the way that they calculated it all. Because there's just so many people that literally just had apes, they mentored them and had in the hallway, and didn't get in, or something to that effect. And they have like, oh, yeah, see,

Jamie: 47:43

because the most of the ones I've had, it seemed like people were there were all edge cases where they're going like, Well, I had one in July, I had one.

Roy: 47:51

Definitely a ton of people. Yeah, a definite cases. And the team has acknowledged that there's an issue with the way that their algorithm matched everyone. And so there's a form you can fill out, and they're effectively saying,

Jamie: 48:04

we're going to handle this fear in our hand kinda. Yeah, I think

Roy: 48:07

they were gonna go through it by hand. But then they said, we have had too many people fill out the form. So they're going to, like, match, like, collect all the results. And then like, compare it to their algorithm or something, do some fancy tech coding thing to figure it out rather than manually doing it? I don't know. It's their problem. But they said they're working. And they're gonna try and get to the bottom of it. So yeah,

Jamie: 48:33

my microphone fell down about 40 seconds ago, and I've been fussing with it a lot. Yeah, a lot of us still

Roy: 48:38

is little wrestling.

Jamie: 48:40

So I apologize for that. Well, we're

Roy: 48:43

about to end the segments. Let's do that. And then you can fix your mic at the same time.

Jamie: 48:46

Okay. Our q&a. Right. Our first question comes from Dr. Hazmat. He said, eventually, we're going to get to the point where a 10k project is way too little supply for the demand. What are some ways that you think existing successful 10 ks can adapt well, to the extra demand, or do you think they should stay at 10k? Well, we've seen a couple of examples of projects already doing stuff to sort of stay out in front of this concept. Apes, for instance, have released the dogs and then the mutants more specifically, and the gutter cats got the rats and then that was it for a while, but then they also did the dogs in the pigeons recently. Cyber cons have the Kong V axes, and then the baby Kong. So those are some examples of other projects already doing stuff to adapt to it. What do you think about whether they should or should not? Is that something worth talking about?

Roy: 49:54

Um,

Jamie: 49:56

yes, it depends on what you're trying to do. Yeah, exactly.

Roy: 49:58

I think both approaches work just fine. Like, I think the apes have said specifically that that's it for the mutants, they're not going to release another, like 50k in a year. And the capping it at this 30k, plus the dog companions, which I think it's a fine approach to say, even if you want to say a 10k. Keep it exclusive, keep it relatively small. I mean, 10,000 is a lot, but it's also not a lot. And I mean, you can still have a strong community, and you can do cool things. And you can perhaps get people invested in other ways. But I think, the bigger picture. Yeah, I do think that expanding, it makes a ton of sense just because in like, even now, but definitely in a few months, 10,000 is just not going to be enough it like the demand for cool new projects is dropping, there's going to be way more than 10,000 people that want in, and I think we're just gonna see projects, say, Hey, we're launching 20,000 30,000 100,000, eventually, potentially, at least. And that just seems like a nice way to scale. And under some projects, basically saying, specifically curious ADDYs, come to mind that dropping in a couple of weeks. And on their website, they say, we're going to launch 10,000. And there'll be like our initial OG set, but we understand that the market is going to grow, and we're going to scale. And so in the future, we'll do a drop of 20,000, and then 40,000, and then maybe 80,000. And you know, the people who made the original one, they'll always have that status as being first. Maybe they get the future jobs for free, things like that. But they they understand that they need to allow other people to enter the ecosystem in order to scale with the market.

Jamie: 51:43

Now for these even bigger drops, do you think that we're going to need? I mean, it seems maybe obvious that the answer is yes. But we're going to need to have more sophisticated drop mechanisms just because the degrees to which bots and sophisticated people can can corner an 80,000 Extra instead of 10,000. It's just it's going to be even more egregious at that point.

Roy: 52:12

Yeah, I think so. I think we're all we're all figuring out. We're trying a whole bunch of new things.

Jamie: 52:18

So like a very active thing that projects are thinking about and trying different stuff with right now.

Roy: 52:24

Yeah, there's options. There's a lot of whitelisting going on at the moment, this depth drops, there's Yeah, a lot of different approaches are being trialed. And I mean, I don't think there's one approach that's a clear winner right now. In terms of like community consensus that this is the best way. But hopefully, that we'll figure it out and have it. Yeah, when we have 80,000 NFT collections dropping that there's a way to avoid bots, just inhaling that or whatever.

Jamie: 53:00

Yeah, I'm also thinking an interesting way to do this might be, you could have it. So like, say, let's let's go back in time to before the mutant drops, the apes could just sort of have a random number generator type thing. So to where every five days or something, a random ape would get a serum, or a random ape would automatically mutate. And then they would just get airdropped the mutant itself. So you have sort of just a trickling increase of supply rather than, Oh, you know, what, there's, there's enough new demand. Now we're going to drop a whole new 10,000 or whatever. You could, you could have it more scheduled out, which I guess like, you know, Kong sort of has with baby Kong's, because there. But but a way that sort of is a little bit more random could could have an element of, like, just sort of fun and anticipation and less be almost like a plate urn grindy situation which breeding can sort of?

Roy: 54:07

Yeah, no, I really like that idea. I think that sort of trickle effect. There are a couple of projects that have sort of scaling strategies that are basically tied to Aetherium blocks or Aetherium price and say that like after this many blocks are mined, we unlock another one or another one, you commit more and stuff like that, which is just it's cool to be thinking in that way. Yeah. Any any more thoughts on this?

Jamie: 54:41

We didn't talk a ton about how much we think they should or should not stay. But ultimately, I think definitely some should and some should not. And, and we should just have tons of variety in the marketplace. And some are trying to do more tight knit and some are trying to be more global brands and just Yeah, I want I want all of the things explored to the maximum.

Roy: 55:06

Yes, I agree. I mean, some should certainly say it. Like, imagine if they came out with another 10k Crypto punks. It's just like,

Jamie: 55:15

Yeah, well, so that's an interesting thing too, because like, I feel like the mute ins and the dogs are so fucking tied to the apes, whereas me bits is ostensibly tied to the punks. But I feel like they're so lesser. Yeah. And so not associated with them. Yeah. That I don't know. It's just it's sort of an interesting different thing, again, like that. The gutter thing, those are all quite related to me. Yeah. And I guess those were maybe in some sort of way, something not applicable to this because this person does say 10k prayers, whereas that was like a 3k. But I guess it's even more true because he's talking about how tanky is too little.

Roy: 56:00

Yep, yep.

Jamie: 56:03

All right. Okay. Next question.

Roy: 56:05

Nf T. Loverboy. Says, people you have notifications on for question, Mark. I have a bunch. I am going to try and pull it up right now. But I'll rattle off the ones that I can remember off the top my head. Punk. 6529 Punk 4156. They both they go by that punk identities are anonymous. And the form five six is an eight punk. Yes. Yeah. Yeah. He's the founder of or one of the founders of the nouns project

Jamie: 56:38

nouns. Yep. And yeah, he's got big glasses on it now.

Roy: 56:42

The punk maybe? Yeah,

Jamie: 56:45

I think it's got oversized glasses that look like the noun glasses.

Roy: 56:48

Ah, okay. That would make sense. But um, yeah, we'll have six five to nine threads. Amazing. Five, six. Yeah, I really? Yeah.

Jamie: 56:57

recommend him.

Roy: 56:58

I have those two I have. Who was it? Um, I MDC investor. He's just a massive collector in the space. Big art books fan, and has some good insights. Cosmo, Domenici, just, I like to know when he tweets. I don't have Vincent van Gogh on that. I should probably should. I have lupa fi? I like to know when he tweets I guess. And I think that's, that's kind of it.

Jamie: 57:32

Did you see the new thing that Vincent van Gogh was talking about?

Roy: 57:36

The the meme the tungsten. Yeah.

Jamie: 57:39

Something about tungsten and meaning. It seems kind of interesting.

Roy: 57:42

Yeah. I haven't really looked into it. But I, I

Jamie: 57:46

haven't committed it to medium term memory. But at the time, it seemed interesting.

Roy: 57:50

Yeah. I also remember seeing it and seeing it was interesting, but I haven't really looked I have notifications on.

Jamie: 57:59

Okay. I only have tweet notifications on for DOM. Oh, yeah. And, of course, this one specific pixel artists who I stumbled upon, and thought their art was great and really wanted to buy a piece but then quickly realized I was priced out

Roy: 58:12

of CLI.

Jamie: 58:15

I don't think so. Okay. Maybe? Yeah. I'm not logged into Twitter on this computer. So I can't even tell you. Yep. But they they do a bunch of just basically Japan. They're all Yeah, scenes from Japan. Yeah. So if that's who you're talking about, then yes,

Roy: 58:32

I think it is. Okay. There's probably a web server stuff that. Yeah.

Jamie: 58:37

But it's just it's too expensive. Yeah. Small proteq says, what will be the NF T's tipping point for mainstream integration?

Roy: 58:53

So I think there

Jamie: 58:54

will be one you don't know, I think, well, I mean, I guess I never read the tipping point by Malcolm Gladwell. It's gonna be I don't really know, an official definition. But I, I kind of think it'll just sort of be just an a kind of consistent, increasing adoption. And I don't know that there'll be one thing. That too, however I'm defining tipping point in my brain will be a tipping point.

Roy: 59:22

Yeah, I definitely agree that this will see a relatively steady adoption. I think that we won't see mainstream adoption integration. until at least these two things are fulfilled, and one of them might be a tipping point. One is that the onboarding process becomes much easier and smoother for the average person. It's just so difficult right now to get from, Hey, what are in the phase I want to be involved to understanding them, recognizing them, being able to deposit US dollars and buying and selling them? And you know, that's going to take time and be gradual. The other To

Jamie: 1:00:00

the coin base, I

Roy: 1:00:01

guess it's going to get us closer. Yeah, definitely seems like the other thing, which I think is probably closest to a tipping point is when eath 2.0 is out, and gas costs come way down, transaction speeds go way up. And like the average user can, you know, buy a $4 profile picture avatar without spending$50 in gas? And that'll just, I think, open up a theorem, NF T's to a massive audience and a ton of people. Yeah, then be basically able to justify slash afford, getting involved with the NFT space, whereas right now, it seems like even if you have $1,000, it's like, that's close to the bare minimum to, you know, start playing around on Yeah, yeah.

Jamie: 1:00:46

I think you're right. Those definitely seem to me like they are prerequisites for any sort of a tipping point. But they are not in and of themselves tipping points, because it's like, the reason that, you know, our grandfathers and old uncles or whatever, are not are not getting NF T's right now is not because Metamask is sort of difficult to use, you know, they're not trying to use MX and going on, this is a pain or going to the gas prices to high arrowhead. That's not happening yet. Yeah. But I do see how that is definitely a barrier to people that are skeptical already and stuff.

Roy: 1:01:25

Yeah. All right.

Jamie: 1:01:29

So our answer is no such thing.

Roy: 1:01:32

Pretty much in no specific tipping point that we can think also

Jamie: 1:01:35

I think, I think Malcolm Gladwell, I'm gonna just say right now, I don't think he's that awesome. I haven't actually read any of his books. But they all seem like the kind of books where the if you read like the back cover and the inside cover, you got the whole thing. I think he's just repeating himself a lot of these books that I haven't ever, ever read. That's my theory about Malcolm Gladwell. I've read them if you're listening. I apologize.

Roy: 1:02:01

Yeah, I've read Outliers. I liked it. I can't remember if I could have just read the front and back, I think, well, you

Jamie: 1:02:09

know what, I think truly, it's probably more a first chapter thing. Yeah. I think a lot of nonfiction books do that. And his seem like ones I would but again, this is based on never really

Roy: 1:02:18

got it. Yeah. Alright, so boardroom is someone we had on our Twitter spaces a few days ago, which Hey, by the way, that's a thing we do now or have done and plan to do more of which is on Twitter. We just have these like, voice calls that cool spaces where anyone can listen in. And then we can call you up and us, you can ask questions, and we can answer chat in real time. Anyway, so boardroom, I believe he asked a question. And then he had his hand up to ask another one. But we were wrapping up and I said, if he asks more, we'll, we'll get to them on the podcast he asked for. So I don't think we're going to answer all of them. But I picked the first two. And so the first one is, what advice would you give to someone who really wanted to dive full time into the space and put community and artists first? Um,

Jamie: 1:03:10

well, I just want to know what they even mean, when they say dive full time into the space. Yeah, does that mean?

Roy: 1:03:16

I don't really know. I love that. They're thinking about putting community artists first, I struggle to think of a specific plan of action or thing or things to do. aside, I

Jamie: 1:03:29

mean, it but I literally don't know what die full time into the space means does that mean just, I want to learn all about it, or I want to be a full time NF T year, or

Roy: 1:03:39

it sounds like they want to spend 40 plus hours a week in the NF T space.

Jamie: 1:03:46

As as a at but like as a thing to do? Oh, God.

Roy: 1:03:52

Oh, Jamie, I just thought Michael something.

Jamie: 1:03:55

Okay, I'm just gonna hold the base of it for now on is, are they doing that as you know, a hobby that they really want to just dive into? Because it sounds so awesome, or something that they're trying to do in some professional capacity? Because those are very different?

Roy: 1:04:13

Yeah. I mean, I guess we don't know. But I guess my advice would be, it's more general. But if you really want to get into the space and be successful, I think the most important thing is probably to network and just make connections, make friends talk to other people in the space. That's that's sort of how a lot of good things happen. Like you'll find out opportunities by talking to people, you will be able to collab with people on projects. And like networking is not really like when you say networking you think of like people in suits, business events and stuff in conferences. In the crypto space. It's an empty space. It's just like, be friendly. Just chat on Twitter, reply to people To join discords just hang out vibe, have a good time, get to know people get into other discords, you'll make friends, you'll just, you know, you'll start seeing the same faces around, you know, in different projects and different discords. And you'll just, you'll just become part of the community that way. And then if you have ideas, if you have, you know, things you want to get involved with, you can reach out to people, you can see wait for other people to say, Hey, I'm looking for this, I'm doing this, and you can offer a pigeon. And, you know, all sorts of opportunities arise by just being in the space and connecting people in the space are so approachable, I was so friendly, we're so happy and willing to help and share knowledge. And yeah, it's awesome.

Jamie: 1:05:44

And it's still a small and tight knit enough community that like it is. It is possible to get in touch with, like all of these people basically still.

Roy: 1:05:54

Yeah, for sure. Like, it's they're not

Jamie: 1:05:57

Gods on Mount Olympus yet. No. Yeah, I think also, you know, you want to put community and artists first one thing I feel like I see people complaining about sort of is like, you know, they'll complain about how low effort profile picture projects, for instance, are doing so well. And why aren't people valuing this real art? And it seems my sort of negative subtextual reading of that is, why aren't people valuing the good one of one art that I already own. And I don't necessarily think that as many people are, are walking the walk. But they are doing a lot of talking to talk about, like supporting artists and stuff like that. Or you'll see a lot of people like, you know, complimenting somebody, these are NF t's on Twitter, but then they're not buying it, which is, is fine. But then maybe also it's just, it's, it's tough when you have a an avatar that's worth 140,000. And you're claiming, why can't I can't pay point three F for your art, that's a little too much for me. And it, it might be totally reasonable for you to have this avatar that cost that much and also not be able to pay point three for this person's art. But it does seem like you start being a little bit hypocritical at some point, if you're talking about how we need to support the artists and all this so I would say like, if you want to put community in artists first you need to you need to fucking put artists first and and support their art, get it to a wider audience by some of it. Encourage them that kind of thing, rather than just just talking the talk is easy. Yeah.

Roy: 1:07:51

I agree with that. I just had like an idea for my NFC project that

Jamie: 1:07:57

maybe I'll write it down so you don't forget.

Roy: 1:08:01

No, I'm not going to forget. It's it's a no. So the second question from boardroom is, I want to apologize to him. He is I called him out as being QE he's Ozzy. I got his accent wrong. On the spaces anyway, the second question is where do you see this space in three to five years? That is a long time and it's so insane. I hasn't been around for three to five years.

Jamie: 1:08:28

I mean, I will maybe sort of has Yeah, not really wasn't it wasn't a space then it was just a tiny thing that a couple of weirdos were doing on the blockchain. It's, it's, it truly is kind of unfathomable. Right, this all started for us seven months ago, something like that. So to extrapolate out, what 36 To 260 months from now. It's, it's it's so difficult to do, I'll say, I think there'll be much more developed ecosystems on a couple of other chains. I think a lot of the projects that are sort of middling now will be quite successful. I think some of the high end stuff that exists now will sell for amounts that are almost unfathomable to people outside of the space. And there will be so much more exploration of what NF T's can be and represent and allow you to do that hasn't that we haven't even thought about thinking about at this point. That that's sort of my general answer.

Roy: 1:09:51

Yeah, I mean, all of that stuff sounds about right. There's just it is really unfathomable.

Jamie: 1:09:59

Yeah, Here's I want to one other thing I'll say is that like for instances where we're using these NF T's as access, like, for instance, on board APR club, merch drops, we're using it to get this password that we then use later, or like at eight fest, I think there will be better and ease Well, I mean, there almost have to be because there'll be so long, but but the ability to prove that you have this NFT that you own, this NFT or that you created or all of that stuff, like the provenance of it will be much more easy on a user interface and interactive level. And you won't need to be as like tech savvy and sleuthing through ether scan and trying to explain that to somebody that doesn't know all of that stuff is going to be sort of abstracted away by just like the the web interfaces and stuff like that.

Roy: 1:11:03

Yeah, yeah, I definitely agree with that. It's like, almost no one knows how a computer really works, or the phone really works, right? They just interface with the user friendly UI. And

Jamie: 1:11:21

yeah, like what the fuck is a motherboard? Who knows? Yes, exactly.

Roy: 1:11:25

Yeah, when I was growing up, it was like, you would, at least with computers and stuff, you just generally have to know a bit more about them to understand how they

Jamie: 1:11:35

like, did you use dos ever?

Roy: 1:11:38

I did. Yeah. It wasn't, I didn't have a computer, which that was the only operating system on but I remember windows 3.1 was like, Well, I had a Commodore 64 as well. Anyway, yeah, it's just come so far for computers and general tech. But blockchain tech is still in those early stages where you need some level of tech savviness and know how that, like, we're at a stage where your grandma can use an iPhone and use it and play games and do stuff. We're not at the stage yet where your grandma can necessarily buy and sell stuff on open, see or interact, NF T's. Maybe we get there in three to five years.

Jamie: 1:12:22

Yeah, you know, what I've also been thinking about a little bit lately, and this is kind of on topic, but a little bit off is how meta masks a messaging, when you are being asked to sign a transaction needs to be better.

Roy: 1:12:41

Yeah, yeah. A lot of people crying about how awful it is.

Jamie: 1:12:45

Because Because people don't know what they're doing. Mm hmm.

Roy: 1:12:50

And Metamask needs competitors. I guess like

Jamie: 1:12:53

Metamask needs competitors. Really. They also they also need more community engagement. Like it's so difficult for people on Twitter, and Metamask itself to interact with each other on Twitter. What do you mean, the SEC, you just

Roy: 1:13:07

mentioned Metamask. And you get 10. People saying, hey, rob you?

Jamie: 1:13:11

Yeah, those are all scammers. It should be no, yeah, that is why I specifically said that. Because if you do type in the word meta mask, on Twitter, you will for sure, get a bunch of scammers responding to you. And that that is hurting the discourse. Because you know, to properly get one of these sort of niche ish tech products, to where it needs to be, you need to have a good free flow of information between the team and the users. And we just we don't have that right now. Mm.

Roy: 1:13:46

Agreed. Any other fields for where the space will be in three to five years?

Jamie: 1:13:50

It's gonna be bigger and more awesome. And

Roy: 1:13:54

I got one, I think all of us are just gonna spend way more time in the metaverse or meta versus they're just going to be way more fleshed out and yeah, just fun and fluid and I envision like a lot of perhaps what's happening in discords currently might a lot of that might happen in like meta versus

Jamie: 1:14:20

Yeah, Twitter too. Could could largely Yeah. Replaced I think, or at least it is it is for sure. Awesome. Discord kind of is too though. Just go to his awesome yeah, it's just but there is there is something. Now, we've probably talked about this, but a little like, how much time did you spend in MMR? PGS Did you ever get into any of them like ruin scape or something?

Roy: 1:14:44

Yeah, I played Runescape for a year like a ton. And then I basically learned if I play mmm RPGs that is my life. And I was like after escape. I like somehow came out a year or two later. I was like not touching that.

Jamie: 1:15:01

Yeah, so the only one I played a ton of was Everquest. But there was like this one zone like I don't even know if rune scape had zones. But there was this one zone where everybody would basically hang out. Mm hmm. And it was also where like all the trading would happen, even though there was nothing really that made it that it just it sort of became that. And, and that sort of thing is something that I could envision being sort of what you're talking about where the discord and Twitter gets replaced, to some extent with a more virtual situation.

Roy: 1:15:36

Yeah, I mean, the the board apes are building a clubhouse in Sandbox and other communities are building in Miami,

Jamie: 1:15:43

Florida.

Roy: 1:15:46

That's crazy.

Jamie: 1:15:48

Yeah, like, but as far as things in three to five years, I think, a big thing. And you know, I've talked about this whenever I basically talk about the Royal Society of players. But I think there's going to be a very large amount of real world and NFT interactivity as time goes on. There's going to be more of that. And I'm excited for it.

Roy: 1:16:12

Yep. Yep. All right.

Jamie: 1:16:15

Hoop feast for 20. Great name, feast for 20 says, Hey, Roy, and Jamie, love the pod. I like Jamie better. What was the turning point of turn? He did not say the part about lucky me better. That's true. What was the turning point? Okay, I'm gonna start all over again. He says, Hey, Roy, and Jamie, love the pod I like what was the turning point of turning to NF T's full time verse poker? Did you wake up one day and decide to quit? Or was it more of a gradual process? I'm assuming Jamie does it full time now to would love to hear his backstory too. So I guess I guess you go first.

Roy: 1:17:00

Sure. So I wouldn't say that there was, well the kind of was a day where I just decided I'm going to dedicate way more of my time to crypto, I think was crypto at the time, not specifically to NF T's. I think even if research, you're in my chat, I could find an instance where I was like, I've decided to just

Jamie: 1:17:24

Yeah, I remember you saying something like this is my job now or Yeah, or I just do this full time or something of that something like it might have been once you're really realizing like how valuable platinum spirit was?

Roy: 1:17:35

No, no, it was way before that. Really? Yeah. Well, the conscious decision to say, hey, I want to learn more about this space. And that's what Oh, yeah. What is

Jamie: 1:17:44

good? I feel like what is Yeah. Yeah, I'm, I'm chomping at the bit to answer but I'm gonna keep talking for a bit.

Roy: 1:17:54

Um, yes. So there was a definite moment when I was like, hey, I want to direct a ton of my attention to crypto. And then it was I think I was still playing a bit of poker at the time, though, because, obviously, I didn't expect to be immediately able to make good money or any money at crypto. And then if T's it was just like, I knew that I wanted to spend time learning about it, and potentially lead to something. So yeah, I would say gradually, I went away from playing poker to spending more time as I started earning in the crypto and energy space. But there was certainly a conscious decision and turning point where I was like, yes, crypto, there's just too much opportunity. I didn't really seize it in 2016 2017 or earlier. This is the time like I should do this. And yeah, now you go. Let me let me ask

Jamie: 1:18:47

you a little bit about like the earlier stuff, because we were both in crypto early enough that if we had like, never sold we will just be crazily Rich, I think. And I know how and why I sold but like what was the story about you not just sitting on piles and piles of eth in Bitcoin at this point. Just kind of the same standard stuff is made where you have a little bit of bad time in poker needed for bills want to pay for a trip and just sell some off over and over again,

Roy: 1:19:15

kind of but like I kept a decent chunk of change through the whole bear market like at the start of 20 sort of this year 2021 I probably had 25 to 35 Aetherium or ether. And then I probably had, I still had a ton of other like alt coins, and most of them were worthless. But as the whole market took off, they became to be worth roughly what they were in 2016 2017 and around that point is when I started selling the old coins, buying other coins and like trying to trade crypto. I did the whole ship coin meme coin thing for a while I bought a bunch of NF T oh

Jamie: 1:19:58

my god you guys he was was buying the dumbest coins on finance for three weeks straight. And I just had to keep hearing about it.

Roy: 1:20:05

Yeah, it was it was fun and awful at the same time. It was but yeah, I mean, yeah, that was part of it was

Jamie: 1:20:17

32 billion fuck your mom coin this?

Roy: 1:20:20

Oh, so many are maroon This cost me $8? Yeah.

Jamie: 1:20:26

Yeah. What What a fun space we're in?

Roy: 1:20:30

Yeah, your story.

Jamie: 1:20:33

Um, mine was definitely more gradual. And I also sort of hesitate to say that it's what I do full time now, although there's really no denying it, but it is so varied. Because like, I'm doing this, I'm doing my abstract to the day project, I'm buying and selling them, I'm not really doing any one thing in it, that's like totally providing me with a living. But I'm doing like a lot of things around them. And for the time being. It's it's working financially well enough. But I had, basically late last year been, you know, basically defi summer happened, I did not take part in it at all, but was talking to my friend who sort of did and was realizing that all the stuff that I had sort of, I don't want to say envision because that makes it seem like I saw ahead, stuff that other people didn't. But all the stuff that kind of everybody that was excited about Aetherium knew was sort of possible was starting to happen. So I got quite excited about Defy. And then I guess quite late last year, but probably more. So really the beginning of this year, decided, okay, I'm just going to spend a lot of time learning about that. And I'm going to keep playing poker. But I'm also going to spend some time learning about this, because it seems it seems interesting and potentially quite lucrative. And I started kind of just dabbling in that. And then sort of accidentally almost fell into NF T's. And they were just immediately more fun and kind of different, because

Unknown: 1:22:22

you know, the difference between

Jamie: 1:22:25

just any one NFT project and another feels so much different than like, Okay, here's this defy farm, here's this defi farm, here's, it's just like, there was not that much different or interesting enough to find the differences between those different things. So that is sort of what got me into the NF Ts. And then I guess, at the point where it didn't even really become a thing that was a realistic replacement for poker until maybe like July or something when art blocks and apes really both started moving at the same time. Because until then, it was just a thing that seemed like I could get some 2x and 3x and 5x games or whatever, and have some fun and kind of learn about this new stuff that you could finally really be doing with Aetherium and stuff. And it was again, I was still at that point for a while trying to learn more about defy and figure out a way to do less of this, like NFT flipping that it seemed like you needed to do to succeed at the time and more just getting in good defi positions. And then, you know, as the art blocks and eight started doing really well, was also about the same time that I was really fully wrapping my brain around how transformative of a technology and FTEs were, and like how potentially big all of it could be. And that's when I sort of consciously pushed poker and defi aside and said, you know, for the time being, I'm just going to be focused on this space, this NFT space

Roy: 1:24:29

and the rest is history. You have your own NFP project now. You co host an NF T podcast.

Jamie: 1:24:37

You with Zeneca 33, oh my goodness.

Roy: 1:24:40

Yeah, that's a wild wild. I'm about to hit 100,000 followers. That's crazy. I had created this account in like, March, April, and right.

Jamie: 1:24:51

And do you remember like you were trying to be like a poker blogger for a while too, and just no traction?

Roy: 1:24:58

Well, no, when I was Putting up I got that was like a huge part of why PokerStars ended up sponsoring me. So I would say though,

Jamie: 1:25:05

yeah, but like, how many Twitter followers? Did you ever have? Yeah, no,

Roy: 1:25:10

like 3000 Maybe 2000. Yeah,

Jamie: 1:25:12

I mean, that's crazy. It is so

Roy: 1:25:14

crazy. And I like I thought that was a pretty good amount.

Jamie: 1:25:17

Yeah, no, I mean, it was I think I had like, 750 or something. That's not bad.

Roy: 1:25:22

Yeah. She's ridiculous.

Jamie: 1:25:27

It really is. Yeah. Very, very lucky of us to have been in the right place at the right time.

Roy: 1:25:35

Yeah, it. Yeah, that is so much luck. Yeah. All right. Um, Jimmy bins says, What do you think of art blocks licensing their tech and new projects being powered by art books, like with the upcoming doodle labs drop? Good idea or bad idea. Now, are you familiar with the doodle labs drop and project?

Jamie: 1:26:05

Only basically, to the extent of what this guy said, and like snow froze tweet thread the other day about how he wants just more generative stuff in the future. He's always talking about like generative furniture. That's one of the specific things that he talks about a lot. And I liked the idea, but it is funny that it's sort of like his go to Yeah.

Roy: 1:26:23

Um, yeah, I think it's a good idea. I think it's a great

Jamie: 1:26:27

idea. Yeah. So what's the other one? Infinera. Um, was the name of the project. But I think the website had a different name, maybe vice versa.

Roy: 1:26:38

infinite sum is the website, the project is called

Jamie: 1:26:41

coalescent. Yes, yeah. Okay. So that was another one that did this. Well, before doodle?

Roy: 1:26:45

Yeah.

Jamie: 1:26:46

Powered by Apple or powered by artbox. Yep.

Roy: 1:26:49

which effectively means they using the smart contract technology, like a portion of them. Yeah, a portion of smart contracts. And so it also means that the the entities themselves are effectively stored on chain.

Jamie: 1:27:03

Your all the data to recreate? It all depends on how you wanted to find stuff. But yeah,

Roy: 1:27:08

right. Yeah. It's just proven tech that has worked very well for up blocks, and then are licensing it to other projects and platforms to use for other means. And I think like in the case of doodle labs, dude, labs wanted to do things that our blocks, either didn't have the like bandwidth to allocate to doing these things, or didn't want to do them under the app blocks brand and Banner. And so do Labs is doing it, and that the first project is like a profile picture avatar drop. And I think it's backed by a graffiti artist from New York City who created these characters in the 90s. And is now using them to create this generative art on chain or, you know, whatever, project and yeah, I think it's great. It's cool to see.

Jamie: 1:27:59

I think it's a great idea I have I don't even have a caveat to that. I think it's a great idea.

Roy: 1:28:04

Yeah, I think so too. I don't really see any downsides.

Jamie: 1:28:10

Alright, be foes from discord says. Jamie is my favorite of the two hosts.

Roy: 1:28:20

Everybody, we go, Hey, guys, and gals,

Jamie: 1:28:23

I found a bit that I like he he actually says, or I shouldn't say he, they actually say how does this NFT bear market differ from previous bear markets? If at all?

Roy: 1:28:38

I mean, it seems kind of similar to the last one, which was like, what a month ago or six weeks like

Jamie: 1:28:46

I don't I'm not even sure what that means is the last one, the one that happened basically right after Barcelona right after the mute and drop? I think so. Cuz I feel like it kind of just has been an in a bear market the whole time. There's been a couple bumps up, but I don't think it ever really got out of a bear market. What we have is like all of the projects, except for maybe punks and Genesis cogs or some things are still lower than they were then.

Roy: 1:29:14

No, I don't think that's accurate. Cool. Cats away.

Jamie: 1:29:17

We're not but that's the thing I'm saying right now. Yeah. Correct me then.

Roy: 1:29:21

Well, cool. Cats, I think are way higher than than they were in August. Yeah. I

Jamie: 1:29:25

mean, not not literally every project. But by and large, I think the ability to immediately flip stuff. And the the just the prices across the board, generally speaking. You know, like, if you look at a lot of the middle projects like animados on one force or on force one or stuff like that, I just feel like I feel like everything was really up then. And it's, it's been much more middling than I get, I guess. If there's something between we're in a bull and bear market, we could say it was that then I guess in the AM, or it's been like a team bear market the whole time. So yeah, we sort of had like we certainly haven't had a full bowl in that time. I

Roy: 1:30:12

don't know. I don't think so either. We've had like, bullish days and weeks. And then that bearish days and weeks, right, in the last couple of weeks, aside from last couple of days has been very bearish. But yeah, it's I don't think we've actually seen a true NFT bear market yet. Like, if you were looking at crypto bear markets that last years, we haven't seen that in NFP, we may not see that. It just seems like everything in NPS is hyperspeed and amped up. But maybe we will maybe in I mean, maybe tomorrow, maybe in December, January, February.

Jamie: 1:30:51

It is it is tough, though. Because like, there, there's just so much more emotion wrapped up in it. Like they're there. There's a true love and interest and like, there's just more going on to where when when a shit coin starts failing or whatever, everybody can run to the exits. But like when a project's floor starts falling. Yeah, a lot of people are gonna undercut and stuff but a lot of people are going like, I legitimately don't care.

Roy: 1:31:26

Yeah. Yeah, it really is unlike any other market. I think we've seen. So

Unknown: 1:31:33

I have

Jamie: 1:31:35

I have some artblock stuff that is so far off of the peak, and it's just like, I'm not, I'm not at all interested in selling it. You know? And they're, they're running out of sellers.

Roy: 1:31:46

Yep. And, yeah, I mean, I

Jamie: 1:31:49

that's just that's a lot different from the 38th coin that goes, well, we're gonna do smart contracts better than Aetherium. Like, okay, yeah, if I guess if everybody else has given up on this one, I'm also giving up on it. Because also literally, like, so much of that stuff is theoretical, to to where, if the money's not there to the devs or not, they're literally not going to do the thing that it's supposed to do. Whereas like an art NFT it's already the art. If you like it, you like it?

Roy: 1:32:17

Yeah. Something that I've been, I think I've made mentioned on the podcast, but I've definitely thought about and spoken about in some places, is the idea that every time there's like, just as time goes on in the NFC market, the existing projects that are blue chips, or like revered, or like highly sought after, Will, more and more of them will get effectively into diamond hands and holders that aren't looking to sell like you without blowing me off blocks, you know, Vincent van Gogh and starry night and they're fun and all they have, and like there's a limited amount of every art books collection has dropped up till now really, as soon as amount of stuff crypto punks. And like, if you get enough people who are just not selling prices, just it sort of sets these floors, at varying levels, but also just prices have to go up. It's ludicrous. But also true. Like, if Yeah, because the market, like exists in a few years and isn't hit by some calamitous regulatory event or something to completely destroy it. It just seems like these are just some of the best investments ever.

Jamie: 1:33:23

Yeah, because the supply is already tiny when it's like 10,000. But if you look at the true supply, where you're you know, subtracting all of the, like Richards, for instance, which once you subtract all of them, your supply is even less. Yeah. So it only just takes a little bit of Demand.

Roy: 1:33:47

And demand is only going up like supply, reducing demand. Yeah, it is. Right now.

Jamie: 1:33:56

That supply of NF TS goes way, way up. But the supply of of each individual project never really goes up. Yeah. So it's, I wonder, it's just it's very interesting to figure out where all of the new NFT money will flow. I'm still so curious and excited to to just see.

Roy: 1:34:20

It's all very exciting. So exciting. I want to Yeah, I want I want more NF T's. Oh, I guess I'll talk about the thing that I was going to talk about before the idea that I had about supporting artists and stuff. So one of the things I tweeted I think, like a couple of weeks ago, is that?

Jamie: 1:34:44

Yes. Right. Tell us about your tweet. Yes. Okay.

Roy: 1:34:47

I basically said I can't wait to have like, ludicrous amounts of money. So I can just commissioned artists to create cool art, like collabs with projects that I really like and you Just awesome art in style in a style by an artist that I really like. And yeah, like if I launch my NFT project, which I'll get into in the next segment, but I'm effectively going to raise a dumb amount of money. And one of the cool things I can do with it is commissioned artists, and then AirDrop that to everyone who has the NFC on like polygon. So it doesn't cost much. And that's just very exciting. i When you mentioned supporting artists and that kind of thing. I was like, hey, I can be doing that soon. That's really cool. I'm actually doing it now. But it just has this greater purpose if I'm dropping it to others and stuff like that.

Jamie: 1:35:37

Right. Actually getting the art out there. Yes.

Roy: 1:35:40

Yeah. All right. I just wanted to say that. Cool. Cool. We're

Jamie: 1:35:52

right, what's what's been going on with your one F challenge? Run week? What five now

Roy: 1:35:56

when each challenge was that if he if he who actually

Jamie: 1:36:01

you know what I had thought about this whole e thing in the shower. When I say the name of the whole network, I'm saying a cerium. As if it starts with like you ah, ah, so in that sense, when I'm saying the name of the currency, when I shorten it to the three letter version, it will kind of be like us.

Roy: 1:36:18

Nobody says us. Nope, no one says us.

Jamie: 1:36:22

So that was that was my shower talk today. Anyway. That's the one eat the one else challenge.

Roy: 1:36:27

Yeah, the one? It's, yeah, it's just not it's been a bearish week because the market was mostly bearish. True. I sort of, and obviously the lower value things tank and take a larger hit when market is bearish. Gas is high. We've been over this before on the podcast. So portfolio value tanked quite a lot. I think it got down to like two and a bit EES. In total evaluation at one point which sitting I was up close to five at its peak is this big, big day solid drop? For sure. Yeah, I mean, I wasn't really doing much. I wasn't really panicking. I didn't try

Jamie: 1:37:04

and take advantage of the bear market testing for weekends of bids.

Roy: 1:37:09

No. I mean, if I had more time away, I've done that it would have been a perfect strategy here. I just I didn't I minted a couple of really cheap things. These things called on chain hex true chaise, which are effectively like, what was the last thing true Shea true Shea. Yeah. It's like, it's like a generative work thing. It's basically, you know, the trust sets by address. Oh,

Jamie: 1:37:33

yeah, I did see some project that seemed to be maybe copying not too much.

Roy: 1:37:37

Yeah. So basically, they they used a similar approach, but they referenced like a generative art paper from many, many years ago as their inspiration. And they use like a different style of true Shea is the, I guess, the, the style of the design. But the issue was that the color palettes would like I did all kinds of colors. Yeah. And that was like, so when I mentioned them, I didn't really know what the colors were and like, I saw them. And I was like, hey, these look like trust. It's awesome. The discord and the guy or the person was like, Yes, we respect that project. We're not affiliated. He is a paper from 1909 2009, whatever it was, that we draw our inspiration from, and I looked at the paper and it was like, Hey, this is exactly like the style that they're talking about. If they got their inspiration from here, I don't see why they can't use something in the same style. I think. I can't remember which artists on art blocks said this or has now become semi famous for saying it. But when other when people get upset that someone's copying up blocks, project or style, they like, well, we didn't invent circles, we didn't even square so if people do something in that areas, like great good for them. But I think because the style is same, and the color palettes were very, very similar. That's where

Jamie: 1:38:59

you just keep can't do both. That's still image all you have is like the composition and the color. So if you're taking both, what are you doing

Roy: 1:39:09

that is copying? And yeah, they basically they got delisted from open sea for a while, and now they're back and they change the colors. And yeah, that was a cheap and risky play at the time. I knew and said it and then that down a bit. And the other thing I'm into is some unchained quilts, which I found last night that really cool.

Jamie: 1:39:33

Now I know right? You've been telling us for how many years this is episode 12. You've been telling us for 11 weeks now. I need to stop getting more and fts. I need to clean up my portfolio. I have too many I'm going to start making less things. Now. Tell us how many how many quilts did you get yesterday?

Roy: 1:39:53

Well on the one each challenge well it I got three now let's

Jamie: 1:39:55

talk about in general.

Roy: 1:39:57

This is the one each Okay. Yeah, so I got three, three quilts. Yeah. And they were 0.035 each. And they've sold out today, partially because I tweeted about them and people were like, I guess more eyes got on them. But they had like half minted out within the 24 hours after they sold, and I think they would have been out eventually, anyway. Yeah, that they're not much. They're unchained quilts. They look nice. I find them aesthetically appealing. They were cheap. And I think like I chatted with the devil creator a bit in discord. And he seems to be a nice person, a smart person. And this is just a pet project. And he might do something in the future to build off of it, but it seemed like, Okay, enough

Jamie: 1:40:48

risks, somebody who's really good at manufacturing is going to be able to just make so much money, getting every single person who wants all of their NFT things on everything into the physical world, you know what I mean? Like we have, we have things that'll do it on T shirts, and mugs or whatever. But there's got to be like somebody who owns a factory and like knows about supply chains or whatever, that could just fucking make anything. Yeah, that would be awesome. Because I want so many things. Yeah, all of the things with my things, you um, you'd love to have a quilt of one of your quilts,

Roy: 1:41:25

I really would say these specifically remind me of when Rachel and I were in Turkey, several months ago, we went to a rug shop, which is kind of funny, but we wanted to buy we, we didn't really want to buy a rug. But we were just there it was part of a tour and all that kind of stuff and found one that we really liked. And it was like similar to these on chain rugs. I like a lot of on chain quilts rather. But these look like the rug cuz there's like these, these patches, and each patch had a cool design and the color was really nice. And you know, we just didn't want to spend that much money. And

Jamie: 1:42:01

I really, I really want a knit sweater of my favorite stipple sunset for instance. But also when you said this, this quilts thing, I was sort of immediately thinking of divisions by Michael Connelly the playground dropping Yeah, yeah, those would legitimately also make great like blankets or quilts. Oh, yeah.

Roy: 1:42:21

You were gonna get someone to do this whole make any Megan endfeet Anything. thing? Anyway, back to the money challenge are those are the only two things I really

Jamie: 1:42:29

bought challenge.

Roy: 1:42:31

I actually sold something sold this week, one of the Yolo dice that I bought way back early on. I remember hearing about those. Yeah, they sort of released a, like an app or an interface that people can do stuff with. I think you can claim a token and just see what they were basically showing proof that hey, we've been building we've been doing stuff. And that sort of pumped some life back into the market. And something had listed like point two two for ages finally sold. So that was nice. And yeah, it just has maintained it for what, ah, point one or something. Okay. Yeah. But but the floor was down at like point or two for a long time. So yeah, yeah, definitely feels like a good way. From the and yeah, so I haven't really been active during much, but a lot of that was the market being so bearish now that it's turning. So

Jamie: 1:43:27

what's the most valuable thing you have in there right now?

Roy: 1:43:30

A real bottos? Okay, yeah,

Jamie: 1:43:33

those are like point nine or something last I looked, but I haven't looked too recently.

Roy: 1:43:37

Yeah. So I bought it at around point nine. And then they dropped 2.5. During the bear market. They went up to like 1.1 or something. And then now they're pretty close. 2.9 Again, I think so. Yeah. Plus this plus they had a companion drop robot pets. So okay. Yeah. Which early binding two? Point 1.15.

Jamie: 1:43:58

Okay, yeah, cuz I'm seeing point seven, seven here. So if you add in the companion that's Yeah, yeah.

Roy: 1:44:03

Yeah. And, yeah, that's that's basically it. The total value of the wallet now is probably close to 3/8. Which still, I'm happy with it?

Jamie: 1:44:14

I'm pretty excellent. Yeah, turn 123 in that short amount of times in a month.

Roy: 1:44:18

Yeah. I'm really low. If we if

Jamie: 1:44:21

we zoom in, you've more recently turned like 43. Yeah, that's, you know, young run long run longer and long run. I'm poker players. We know all about the long run. Yeah, we

Roy: 1:44:33

do. I'm, I am planning to keep it going. Like I'm doing a bunch of other things in the space now. The long term goal is still to get this wallet to buy punk. And like that's a moving goalpost as well. Because if punk is going to do what I think they're going to do, they're eventually going to just keep going up in price. So I have to sort of Yeah, that

Jamie: 1:44:52

sounds to chase. Yeah. But it's still theoretically 100% doable.

Roy: 1:44:58

Yeah, it's certainly easier 22345 10x One Ethan it is to write do that with 100/8. So, right in a punk? Yeah. So yeah, I've been pushing some updates in my trout channel in my Discord, I'm potentially going to start a YouTube channel, just updating it as well or instead of and potentially doing other things on the YouTube channel, because seems like a good avenue for some of my content. And I have my Xanten Tom now who has some experience with that and can help getting it all set up and all that jazz. And it doesn't seem like too much more work. So that that may be a thing to keep an eye out on in the future as well. But yeah, that's the one challenge. What is going on with your abstract with a project, Jamie?

Jamie: 1:45:50

Well, another day has gone by and I've made a day's worth of art in the interim. And so if

Roy: 1:45:58

for our listeners a week has sort of gone by since you last updated us,

Jamie: 1:46:02

what did I say? 10 days?

Roy: 1:46:03

You said a day.

Jamie: 1:46:05

Oh my God, my praying is done. You're gonna bed a week. Yes. So, goodbye. And I've done a week's worth of day's work so far. But as water as I was trying to get into when you pointed out the brokenness of my brain, two weeks ago, I was on here dancing about how Yeah, everything was coming. So easy. And I was I was also loving what I was making. And then the gods on Mount Olympus laughed at my hubris. And the week after that I was really struggling. And now this week, I've just had a much more normal week, where I made a piece each day, and I quite liked some of them. And I liked some of them a little bit less, but it was never as difficult as it was last week, and it was never as exciting and felt like you know, like next level awesome pieces like it felt like two weeks ago. Although I I do think maybe of this week, I am quite liking day 125. I kind of keep going back to that one as one that I look at and think looks very nice. But yeah, was just a much more standard week. From a creating them perspective, I did also have another secondary market sale about 12 hours ago, which is cool that those only happen maybe once every 10 ish days. So it's always, at least for me know, what do they want another one of those happens day 95. And what are that resold? Point? 125. Nice. So I had been saying I think on the last episode that generally my floors around point one seven. But as we've already touched on a few times over the course of the week, things have been pretty bearish lately. So it was getting more to be like point one, five, and then that one undercut at point 125 And got bought up.

Roy: 1:48:15

And I don't know if we spoke about it last week, or if it happened this week. But you completed the Home Sweet Home thing for wild turkey. Was that?

Jamie: 1:48:24

Yes. Yeah, that's true. I don't I don't think I did talk about that on the podcast. But yeah, I had done those those seasons series where the winner of each auction was going to get either a custom NFT or print of an abstract of the day that they owned. And three people requested customs one person you requested a print. And I had shipped the first custom one a while ago. And then this one was they had requested something that was sort of different than what I traditionally do. So I was kind of taking my time a little bit more and it also for this particular person had some some significant personal significance. I feel like I'm using the same word too much, but that's okay. So I really wanted to not rush it. But then yeah, I did just finish that a few days ago and meant that it incentive them and that was that was exciting because just the the amount that like this, this relates to that comment that we got in our Discord about the podcast earlier today to the level of impact that we're having on people's lives is weird, because yeah, all we did before was online poker for so long. And and now we're having like meaningful emotional impacts on very important parts of multiple people's lives is kind of crazy.

Roy: 1:49:56

Yeah. On that note, I just want to read out the message that we got earlier because I think it's okay. I don't want to share. So I'll say the name or the screen name one or two monkeys in our, in our channel in my Discord said, hey Zeneca and Jamie just wanted to say thanks for doing the podcasts, it has been invaluable, invaluable to me as a noob into this world. It's so easy to get caught up in the Twitter and the Shilling and hype. So having some clarity from people who have an idea about this space, and are genuinely doing doing it to help others is great. I hope I managed to navigate my way in the NFT world and I'm loving it. But no matter what happens, I'll always remember you both as I spent eight hours listening to you guys overnight in the hospital holding my newborn who obviously refused to sleep. You guys helped me stay awake and sane. Thanks a million. Keep doing what you're doing. That is just incredible.

Jamie: 1:50:51

Yeah, it is. It's it's incredible. Because it's us. But as a as an avid podcast listener myself, I totally get it. Yeah. Because I have spent so many of the most, you know, important or darkest or happiest, or whatever moments of my life in the last, gosh, 12 years or something. I'm listening to podcast and I know just what that's like. But but to actually be on the other end of it now is fucking awesome. It's surreal. Yeah. Yeah. And so back to the the abstract of the day. Yeah, this one, the the person who one it said basically, that their fiance was an ICU nurse and because of COVID had like an insane year, very stressful, obviously. And they were moving to their dream home soon. And this abstract of the day custom piece for that, you know, for the winner of the auction was going to be their homecoming present for their fiance as they moved into their new house. So that was like another thing where it's like, This is crazy. Yeah. But that that was just cool. Yeah. And so I did finish that. And now I have let's see, the winter one I have to do the custom one for and then day 100. I also did that same custom NFT offer. And so I've talked to both of those winners, and I'm working on theirs as

Roy: 1:52:27

well. antastic. We will link to this one in the show notes. I don't think we've linked. We've said we'll link to anything else in the show notes so far. So they might be a bit sparse. This Oh,

Jamie: 1:52:36

wow. Yeah. We're always talking about rolling through. We'll figure out some stuff that we go to as well, though, for

Roy: 1:52:42

sure. For sure. The envelopes project? And Bordeaux. Yeah. Well, yeah, we'll get to it. Sure. And then

Jamie: 1:52:52

what about what's the what's the update on your upcoming NFT? Project?

Roy: 1:52:57

Yes. So that's, it's getting exciting. It's, I would say two weeks out now, roughly. And I've sort of finalized on the format. I'm like, 97 99% sure what I want to do now, I think I've been flip flopping and going back and forth. On the podcast, I've certainly been doing it in my mind and elsewhere. But I've settled on a format having two tiers. So the lower tier point oh, three, three, open edition for one or two weeks, you can mint at your leisure. And it'll give you access to my Discord, early access to my newsletter, and there'll be some other benefits and all all his info will be. It'll be on a website. And I'll tweet out about it in advance. So you'll have plenty of notice and stuff.

Jamie: 1:53:42

And so when you say other benefits is that other stuff that you're not revealing yet that you kind of have in mind or just a generalized plan to continue to deliver, or some combination, maybe some

Roy: 1:53:57

combination. It's more of a generalized plan. I haven't a lot of it is just not figured out. Like, I'm basically I was writing the roadmap site, part of the website earlier today. And it basically begins with there is no roadmap. And I'm just going to figure it out as I go along. So yeah, like there'll be some things that you would definitely an immediately getting like access to the discord or the extra, the newsletter, maybe one or two other things, which I haven't figured we

Jamie: 1:54:26

did also talk earlier in this podcast about being able to collaborate with artists. Yeah, I

Roy: 1:54:30

mean, that that's again, something that I am quite likely to do, but I don't necessarily want to promise it upfront. And yeah, like, I think that if you have a roadmap with a bunch of things, you just feel obligated to fulfill them, rightfully so because people have probably bought the thing with the expectation of them.

Jamie: 1:54:47

But one of them is you're gonna like redistribute 2% of the royalties to all the owners like Voxer Deuce did yeah, you rob Paul. I'm Matt. I'm going to get very mad at you. And

Roy: 1:54:57

yeah, it has nothing to do with the royalty Dow's tokens. No, not touching any of that. But yeah, so the airdropping of art thing, that's something that's cool, and I will probably do it, but I'm not gonna promise it, just because there's so much in the empty space moves and changes. And I don't know where things are going to be, you know, maybe I just want to pivot and do something completely different. That's more awesome. But then, you know, and I don't even know what that is right now. But the fact that I had promised to do art, maybe I would have ended up spending a few weeks, you know, trying to get that organized, and not end up doing this awesome thing that comes to my mind in a month or whatever. But anyway, that's a lower tier, and then that I have decided that I will go ahead with the high priced option, it will be 3.33 eath, limited to 333 minutes. Although in theory, I think it'll be a little less for the public mint, or the whitelist. meant, like 320, maybe, because I'm going to give two or three away to two of them are going to be going to the people that won my charity auctions for my work hard. Okay, play hard eat well, thing, because I mean, yeah, that's awesome. They they bid on things I didn't say at the time that I'm going to, probably if I do things in the future that will be rewarded. And I think this is just an excellent way of doing that it is. And then I just have one or two other people that have been super helpful. Like, there's a guy who's been helping me automate my daily stats, spreadsheets, and he's just been basically working a bit on it every single day, for the last two weeks. And I'd love to give him one. And then I'll probably set aside 10 to just randomly distribute to people who meant the cheaper option. And like a gesture. Just Yeah. But yeah, so the majority will still obviously be up for sale. And effectively, the greatest benefit will be like a private Discord server with just the rest of the members. And where I will pledge to spend, you know, more time I'll be there answering questions, giving advice, giving feedback. Because actually, I don't know if I've spoken on a podcast about like consulting and advising stuff I've gotten into lately, but effectively, I

Jamie: 1:57:12

think you touched on Oh, yeah, maybe

Roy: 1:57:14

I did. Maybe I said I was getting into a bit. SEO a week ago or so maybe a little bit longer. ago, or a little bit shorter. Anyway, I said, I created this Google Form for people that may want to bring me on to their project as like an advisor, and just put it out there, see what interest there was, and I had it up for about 36 hours. And then I closed it off, because I had already gotten 80 responses. And these projects that were willing to pay me, effectively 6% of the sale revenue of the projects, which is so much money if they sell out. And then within maybe the three to four days after that I've had I had 50 to 70 other people reach out to like, hey, just miss the foam. Is it still a trash can? Can you take a 20 minute call? Can you look at my project real quick? Have a look at this website? What do you think etc, etc, etc. And I just literally like cannot reply, look at these projects. I just don't have the time. You know, like two or three months ago,

Jamie: 1:58:14

you're gonna start a YouTube channel. What's that? But you are gonna start to shadow?

Roy: 1:58:19

Yeah, I mean, it's, it's, it's different to create a YouTube channel where I'm creating my own content. It's another thing to say, Hey, I'm gonna give every single person that asks me 20 minutes to look at their profile through.

Jamie: 1:58:29

I just I do find it funny how it always seems to me, like, oh, Roy is like, he's at the maximum and then all of a sudden now he's, he was at the maximum, but he's also adding a YouTube channel.

Roy: 1:58:43

Yeah. Well,

Jamie: 1:58:45

how now? How many hours in a day do you have?

Roy: 1:58:49

I got 24 hours? Yeah,

Jamie: 1:58:51

I also only have four. So it seems like

Roy: 1:58:54

So with all this advising and stuff, I have basically stopped researching new upcoming projects I've stopped minting them is a couple of notable exceptions. But um, yeah, I've stopped like saying waiting around all day for like for projects to men, and listing them on sec. It's just freed up so much time and brain space. And it's just been awesome. And like having my NFT project and if that sells out that's going to free up so much more time because I won't feel any real pressure or need to play the flipping game to earn money. It'll be able to, you know, obviously if it sells out, set me up and me and Rachel up with like, a very nice nest egg. Set aside money for the tax invest some into artists and other things. I got to figure out how to responsible artists, artists, artists, artists.

Jamie: 1:59:46

There's just a little bit too much of a pause. Right? Yeah.

Roy: 1:59:50

I got to figure out how to be smart and responsible with the money but it will certainly make me feel almost no pressure or need to be flipping in Have teas. And yeah, that will free up time. And yeah, anyway, back to the the higher tier option. It'll basically what I'm thinking right now is just to promise access to the private discord and more of my time. And on top of that, I will probably try and find other ways to give value back in the future. But again, it's not promising much and I, It's unfathomable to imagine it's selling out and people actually paying that much money, and that many people doing it, but I've spoken to a bunch of people lately and they're all saying it's gonna sell out, it's gonna sell out and I'm like, it's still hard to wrap my head around. But you know, if it sells out great if it doesn't, I'm great as well. Like, if 20 People buy it, then that's better for them and all that. But yeah, a couple of weeks out, and I'm excited.

Jamie: 2:00:54

Yeah, the concept. I mean, I guess I am almost exclusively in open discords that have maybe some non open areas. I was actually just reading today about somebody who got their a, I guess stolen is the most accurate work, because they were looking to trade it or sell it and use one of these sites like an NFT trader or pseudo swap. Mm hmm. But they were told about a scam one. And then they were basically told Yeah, it's legit. You can check in the cool cats discord. And the cool cats discord had like, you know, there was like three more of these people in on the scam hanging out in the discord waiting to hear, hey, is this site legit to jump on? And go? Yeah, yeah, it's legit, I've used it. And then they basically just did this and lost their ape. So, you know, a trusted gated source of information is just it's a very valuable thing to where you you know, you can trust it. Because, you know, we know that the cool cats community is by and large, good and trustworthy. But in a non gated version of it, you are having people coming in and taking advantage of that goodwill. But when you have a a basically a Members list and a bouncer at the door saying you can't because you're not on the list. Yeah, you you can ask questions like hey, is this site legit? And feel more comfortable? That you're not going to just lose your ape? Because you trusted somebody in this in this group? Yep. That's not obviously if you're a scammer, you could spend point oh three three to get into this and try and utilize that. But like they'll get booted afterwards and it's a lot easier to do that in a free discord than women has money and all this and you're just you're increasing the level of trust and and all that.

Roy: 2:03:04

Yeah, definitely. It's gonna like eliminate scams and scammers by 95% Probably there's still going to be some amount of them that will probably try but just way way less Yeah. And especially

Jamie: 2:03:18

more because more coming in every second Yeah. Yeah, you can you can weed them out and then they're just gone replaced by new ones

Roy: 2:03:27

Yep. Yeah, so that's that's exciting. I I closed my Discord as well. I don't think I spoke about that last week. So new members can't join between now and when I launch I think

Jamie: 2:03:41

he did maybe I think I said I talked about how the person maybe because I remember definitely talking on the podcast about the person pretending to be you to me, yeah, do this for now. Funny. That was payment I sort of assumed was in the same conversation, but maybe not. Yeah, I

Roy: 2:03:59

think I was saying I was gonna do it. And now I'm saying that I did do it. And have done

Jamie: 2:04:03

it. Yeah. Past, present, future. Future present, past. All that. That That makes sense. When you said it before it was in the future. And now you're talking about it. It's in the past. And in between these two recordings was when you actually did the thing. So in the present moment, you're closing off discord.

Roy: 2:04:30

This has been two bored apes.

Jamie: 2:04:33

future, present and past. Episode 12 to 1am I need to go to bed. Thanks for listening to Episode 12. Bye.

Intro: 2:04:50

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