Jamie: 0:00

The hosts of Two Bored Apes are not registered investment advisors. The podcast is for entertainment and informational purposes only. Nothing said on it should be construed as investment advice. On this week's episode of Two Bored Apes. We talked about the upcoming NFT marketplace called showyou. Facebook's big Metaverse announcement, some stuff about Ape Fest, which I'm attending right this very second. We answer a lot of Twitter questions. And then we talk about Roy's one eth challenge, my abstract of day project and Roy's upcoming NFT drop.

Intro: 0:32

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

Jamie: 0:50

Welcome to Episode 13 of Two Bored Apes. I'm your host Jamie. And I'm here with my co host and friend Roy. Roy, how are you doing?

Roy: 0:58

Pretty pretty good. It's a nice Saturday night I got my eye mask on. I just decided that I'm just going to record my podcasts or our podcasts with an eye mask on for I don't know, why are you saying it's my new thing? I don't have a headache. I feel great. It just seems more pleasant. And I'm a weirdo. Yeah, how are you doing? You're in New York, right?

Jamie: 1:22

I'm in New York City. This is I believe the fourth city I've recorded this podcast in

Roy: 1:27

that's impressive. So New York, obviously your hometown. Atlanta. Yep. What was the other one?

Jamie: 1:35

And then I did one in Portugal. I think it was Lisbon. Hmm. The one after the Barcelona episode was definitely in Portugal somewhere.

Roy: 1:45

Yeah, I guess I've done in three cities. Munich, Barcelona and then think from

Jamie: 1:55

somewhere in Greece.

Roy: 1:56

Myka. No. Yeah, Mikonos. Yeah. That is correct. And we're right off.

Jamie: 2:05

Yeah. You want to jump into news of the week?

Roy: 2:09

Yeah. News of the Week.

Jamie: 2:11

News of the Week. There's two big ones, right.

Roy: 2:17

Yeah, I will say one very big one and one. Print. Yeah, they're both big. Alright, two big ones.

Jamie: 2:24

I guess you're thinking of the Facebook one being bigger.

Roy: 2:26

Yeah. I mean, that is huge.

Jamie: 2:29

Yeah, so Facebook. The company is renaming themselves Meta. And they did a whole orang 77 minute video, talking about why they did it and how heavily they're leaning into what they're calling the metaverse, which is pretty similar to what we are all calling the metaverse. I watched the video today. On my train ride to New York, you watched some of it. And that's that's the big news. But we can get into the specifics of what they said why they said it, how we think it affects things. But that's yes, the headline.

Roy: 3:11

Yeah, let's break this down a bit more. I watched maybe the first 20-25 minutes and then I skipped ahead to a couple other bits of the video. I mean, let's just talk big picture things like without even look watching the video or talking about that. What do you think about the whole idea of Facebook rebranding to matter and what that means for the space as a whole?

Jamie: 3:34

I think it's going to get a lot more people thinking and talking about it. At the very least, it's probably going to put a negative connotation on it to a lot of people. Because Facebook just I think despite being like, extremely popular in use, I think people dislike the fact that they're using the products don't think they actually have like a good consumer score, or whatever. And as far as like people coming at the idea of the metaverse from like a Ready Player One point of view, the idea that it's just one giant corporation that, you know, again, people have a largely negative point of view on. I think it's going to give people maybe the wrong idea of what the metaverse is or should be or will be. But I think it's definitely going to mainly just bring it to the forefront of people's attention that weren't thinking of it, or were only vaguely thinking of it for a long time. And so I think that dialogue will be will be good.

Roy: 4:49

Yeah, I I think it's a net positive for us and the space in general. Just because it sort of legitimizes it and Just sort of puts it on a lot of people's radar like, tons of people who aren't in the NFT space. Probably haven't even heard the term Metaverse before or know what it is. And now it's like this thing, which is quite directly connected to NFT's, and web3 and everything that we're all about.

Jamie: 5:20

I believe in the video, the 77 minute video, they said NFTS, two times, if I'm not mistaken. That's great. I mean, yeah. Mark said it once early. And then some other guys said it later. Yeah, there might have been a third. But I think there was exactly two times that they said NFT's.

Roy: 5:38

Yeah. So I think overall, it's a good thing. Within like the NFT space, just based on sort of the tweets I've seen. A couple of conversations I've had, I think the reactions are fairly mixed. People aren't thrilled with the idea of

Jamie: 5:55

very skeptical. Yeah, but but also already in the space

Roy: 6:00

where people are skeptical, but just on the outside, people aren't thrilled with the idea of the name. Metaverse now being tied to Facebook and Mark Zuckerberg, because it's, it has for so long been a thing that sort of very connected to what we're doing. And now this massive corporations coming in and saying, Hey, we are now you know, part of it. And to a large part of your audience, the metaverse, although really knows what Facebook or meta is now offering them and that that insight into it.

Jamie: 6:33

Yeah. If you listen, or watch the presentation, and now I'm not going to act like what you know, politicians or corporate overlords say is is what they are actually thinking and believing and stuff. But he was definitely saying, what to me are the right things. He's talking about Interoperability, he's talking about decentralization, and he's talking about these sorts of things that are sort of pillars and cornerstones of what, you know, the early believers and thinkers of the metaverse were talking about, and he's not talking about having just this walled garden, he's, in fact, he's specifically talking about not doing that. And so the, the fear, I think of a lot of people in this space is that they will be building something that's very much a walled garden. And they'll be able to, you know, because they already have a built in user base of, I don't know, 3 billion people, maybe more something like that, that it will just sort of win by default. But it seems to me like there's so much stuff that can be built around them and without them, and not the the metaverse pie, so to speak is so large, that they can just be happy getting their slice of it rather than trying to capture the whole thing and make. So I just lost my connection. And now we're kind of starting up again. But I was basically talking about how in the video presentation that Mark Zuckerberg and met on Facebook, or what have you made to discuss this decision. He was really saying the the kinds of things that should allay the concerns of people who really believe in a decentralized Metaverse that is interoperable and involves lots of people and isn't a walled garden or isn't a bunch of walled gardens that are vaguely connected. So you know, you can take it at face value, or you can be highly skeptical. I'd say I'm I'm a little skeptical. But I mostly believe that Mark is super smart and realizes the way that it sort of has to be. And you know, that just by positioning themselves, way quicker and way more aggressively than all the other big corporations, they'll be able to succeed financially in a huge way without making the dystopian version of a Metaverse that a lot of us fear.

Roy: 9:13

Yeah, I think I pretty much agree with that as well. I, I saw a few people that I really respect on Twitter, sort of saying, Hey, did you guys actually watch the video? Or are you just immediately presuming that it's just all doom and gloom? Evil corporate overlords come? Yeah. And yeah, like for those that have watched the video, obviously, you watched over just the, you know, 25 minutes of it that I watched, I got the same impression that it's sort of like he gets it or they get it. And yeah, if we are to believe what he's saying, it's it's just a great thing for the whole space and he's making a very smart move for the for the company. Absolutely.

Jamie: 9:59

Yeah. Definitely,

Roy: 10:01

was there anything else from the video that particularly stood out to you? Um,

Jamie: 10:06

I would say they were sort of leaning a little bit heavier into the idea that the metaverse just is sort of the virtual reality. Part of what I perceived the metaverse to be. I thought that was slightly noteworthy. But no, I just kind of wanted to talk about how it seemed like it was it was better than a lot of people's fears. But I think people are also right to be sort of skeptical. Do you have thoughts on Facebook in general? And like, how people think it's terrible, and and whether or not you do, because to me, I think they are. I feel like it's largely just a reflection of humanity, and is largely just a tool that doesn't really have much of an opinion or, or straight out negative, like ethical guideposts or whatever it's, it's sort of just reflects humanity back at us is my takeaway, and that the terrible ways that it's used and the terrible ramifications that people feel like have come from it is just, that's just what happens when you allow, like mass communication, and a thing that sort of feeds people the stuff that they're they're most interested in reading more of?

Roy: 11:38

Yeah, I think I would agree with that, from that perspective. I don't really use Facebook. I

Jamie: 11:46

deleted my Facebook accounts over a decade ago, like, wow, I was pretty early on that bit. And that yeah, again, I saw it as a 10.

Roy: 11:56

Yeah, that is crazy. It's like, a few years after launched. Yeah, yeah, I, I still use it, like 99%. Just because I have like the messenger app. And there's some contacts that I have the chapter on Messenger. But aside from that, like I never checked my timeline, I virtually never post for the last few years. But I any, and that's largely because I just don't love the aspect of just the types of things people post and the type of things that I see. And I have no real desire to post. I don't know, whatever updates on Facebook. He says as he posts it, all sorts of problems rid of it. Yeah, they do seem different to me. But I think a lot of the complaints that I hear about people hating Facebook, I'm not necessarily due to the the way that people are using it, but it's like specifically tied to how they're like using our data or data or data.

Jamie: 12:55

Data, I would say data,

Roy: 12:56

yeah, data data, anyway, and, and sort of like the privacy concerns about all that kind of stuff. And that is where, yeah, like

Jamie: 13:06

their ability to track you is insane. From what I understand, like, even if you delete your accounts, and don't have it installed, and all this like weird stuff, they're very capable of tracking you all over the place. So that's

Roy: 13:20

sort of the evil overlord II type stuff that I think of when I think of Facebook negatively, but it's not, I don't personally feel strongly in that way, just because I don't use it. And I haven't really researched enough to know what else is out there.

Jamie: 13:36

Like when you look, think about people talking about this sort of thing with Facebook, it also comes up with Twitter. You know, it's it's so political. And I think if you talk to the people that hate it for those reasons, the people on the far right are certain that these companies are like, very specifically and clearly favoring left wing posts and posters. And the people on the left will say the exact same thing with just as much confidence about how these companies are very clearly favoring right wing posts and right wing posters. Yeah. Which, to me kind of leads back to the idea that it's, it's just showing us our own flaws, and is not actually them being evil.

Roy: 14:27

Yep. I don't really have too much else to add on that from Facebook. Or metal.

Jamie: 14:36

Alright, so let's get into the other piece of the news of the week.

Roy: 14:40

Yeah, so show you the NFT marketplace, by sushi swap, basically just tweeted out that they will be launching. They said next week, and I think that was a few days ago. So I was like, Oh, is

Jamie: 14:54

there something? Yeah, so

Roy: 14:56

this will come out on a Tuesday. So this week If you listen to this relatively,

Jamie: 15:03

I did not think it was gonna be that soon me though I thought like the previous teases and stuff. It just it seemed a lot further away to me.

Roy: 15:11

Yeah. And let the teasing, although they had been teasing things like the galleries and like, but I hadn't really seen anything specific to like how the actual marketplace would work and the interface and so

Jamie: 15:25

did you did you not see the thing about the artists that they were going to feature initially, because that was out kind of a while ago,

Roy: 15:32

um, I probably saw it and forgot about it.

Jamie: 15:36

So I think what they're doing is they have like 20 artists or something like that they've selected and they're going to kind of just do like one drop after another for a few weeks or something like that before sort of opening it up to be a more, you know, open C style marketplace with all NFT's if I'm not mistaken. It's kind of like, Yeah, I think I read that. And they're, they're all be new things like, you know, the coin base one, it sort of seems like they've picked out some projects that they're whitelisting. Whereas the show you thing, I'm pretty sure these are all new drops that they're kind of opening with.

Roy: 16:11

Yeah, no, that's a really smart way, I think, just to get immediate volume and user saying, hey, if this drop is going to be good, and I want in on it, I have to show you, and they get used to using it. And then yeah, it seems really strong.

Jamie: 16:27

Yeah. And I vaguely remember some of them being quite interesting, too. But I feel like this was a while ago that I saw this.

Roy: 16:33

Yeah. Yeah, it's just exciting. The just the fact that there's going to be some real competition to open see, like, hopefully real, we've had other marketplaces out there, and some even pop up recently, but none has really stood out as a legitimate competitor in terms of capturing enough of the market share for anyone to be worried. For example, it feels like they have to change. But yeah, a lot of people are excited for this sushi swap has a pretty huge user base and reach already. And they have a pretty well proven track record of delivering some excellent products. Yeah, I'm excited. And as someone who owns an A staking sushi the token, I believe all the fees from the marketplace go to x sushi holders, which is a nice.

Jamie: 17:26

Yeah, that's my understanding as well. It'll be interesting to see what what size fees they have

Roy: 17:31

to I think it's 2.5%.

Jamie: 17:35

So I'm not trying to undercut them.

Roy: 17:37

Yeah. That's my understanding, very curious for

Jamie: 17:40

Coinbase will do to then. Yeah. It sounds easy enough to undercut I don't know why they wouldn't. But I guess that it just turns into a race to the bottom. And they don't really want to start that necessarily.

Roy: 17:53

Yeah, probably. And, I mean, there's so many ways that can just be better than open see, without undercutting that, it's not necessarily the like, there was a product that came out, I can't remember the name of it. But it was basically a marketplace. And they said, they're just a better version work and see, and the fees were half and it just didn't really take off. But they obviously didn't have the marketing cloud of sushi swap. And the interface when I use it just wasn't as nice as open See, like the search function was in there and all this kind of stuff. So you can undercut but the product itself isn't great, then, right? Not many people are going to use it.

Jamie: 18:34

Yeah, and if the product is better, they'll probably come over, regardless of not undercutting as long as you're not gonna do a bigger fee.

Roy: 18:44

Yeah. And there's just generally so much ill will towards open to the moment between just everyone like not just us people buying and selling annuities, but creative struggle, you are a creator, that products launching and beyond get verified, or like the thing with your royalties not getting paid out, or the search function screwing you over for a while. There's just a lot. Yes, for everyone.

Jamie: 19:10

Yeah, I've hated the search function the entire time I've been there. I've spent like, you know, we've talked about how much I like the elementals project on our blocks, but the amount of times that I've typed in Elementals. And it just, it shows me these projects that it's it's impossible that they think that I want I want to see this project, as opposed to the elementals, which is a big project, you know, under a big art blocks umbrella. Yeah, that has, it's, it's just so bad. And it's like they're showing me something that's called like, element blocks or whatever. And it's like, I'm typing in elementals the exact name of the thing I'm searching for. It's it's a bigger, more established project. Why are you showing me this other thing?

Roy: 19:56

Yeah, it makes me crazy. It will use sir crazy and funny. As an outsider, when I would go to the agency and type in abstract over the day, I wouldn't get your project. I wouldn't even come up with one of like the top results. And,

Jamie: 20:15

and then and but and then now it's showing it again the collection. Yeah, but I think it's still very difficult to find an individual piece maybe. I haven't actually looked too recently, but I'm glad that it's actually having the collection pop up again. Although, who knows? That was like three days ago, it could be not showing it again.

Roy: 20:32

Yeah. Crazy stuff.

Jamie: 20:37

Yeah, um, you know, here's another piece of news of the week maybe that I'm just adding on. Surprising you with but as gas prices are just permanently high now. Right. Is that the world we live in? Yeah,

Roy: 20:50

it's basically been since I can almost tell you exactly when I think they really started pumping, it would have been Tuesday, at around like, Tuesday evening, because a project I'm advising for shoes, they the presale basically overlook the whitelist point when people the wireless come in, as soon as it went live was like gas spiked to like, you know, several 100 and it just hasn't dipped since then. And it's extremely unfortunate timing. And yeah, it's just it's been that way for I want to say five days now. It's, it's, it's really bad in the NFC market.

Jamie: 21:33

Yeah, it's, it's crazy. And it seems like, you know, we don't pay as much attention maybe to, like, defy and all that as we're supposed to. But it seems like the people building the layer two solutions for Aetherium are doing like a great job and have working products of all all types. But I'm not really sure. Like how they would get incorporated into this and fit stuff in a more real way that would help this like, like, how do we get the projects that are on the Etherium main net, to be involved in sort of these like roll ups on another layer where it basically has these transactions on on layer two, and then it kind of bundles them all. And then confirms that in a single transaction on the Ethereum blockchain is that, do we need open C to to add arboretum or RB trim or whatever it's called? Like, how does that work?

Roy: 22:34

I think so. Yeah. I think we need more platforms to just incorporate that into their ecosystem. I mean, I'm far from an expert on any of this. But right.

Jamie: 22:46

Like, I wonder if that would need to also be coded into the the ERC 720 ones contracts themselves? Or if it's something that that like open sea could somehow just bundle even without them being specifically programmed to work on on that? I don't, I think you would have to make the NFT's from the get go to work with them. But I don't actually know.

Roy: 23:11

I'm not so sure about that. And either, right, yeah, I would my inclination would be to say that you could do it with existing NFT's without having to create, like, right into the contract, the ability for them to be used in roll ups, but Okay, so

Jamie: 23:30

let's let's do a hypothetical right now. I have an art blocks piece, I want to sell it to you for two Etherium. Right now, on the Etherium main net, it would cost let's say point o three, and gas. Now what what would it take for me to mean you to do this through our Arboretum?

Roy: 23:53

It's arbitrary, arbitrary. Anyway, I don't think that's something that you and I, as consumers would necessarily be thinking about, it would be sort of like, if open seas said, Hey, we're going to start using roll ups. Then when I went to borrow, like you'd say, it was a preset for two weeks when I went to buy it, gas would just be point or auditor or one or something. And the transaction would sort of be bundled with, you know, 100,010 that I don't know how many other transactions and I think it would mean that it would take a little longer to like confirm and so it wouldn't be as instant as it is now and maybe that's why I can see isn't doing it. I'm sure there are other technical issues. Obviously there's a lot of risk, trying out new technologies, smart contract risk and stuff if there's an issue that it's disastrous, so I guess I don't know you don't know. We don't know. We just did the tech is there like super smart people working on all sorts of excellent solutions. It's just going to take time For them to be incorporated into the ecosystem. And I'm sure, again, tons of smart people are trying to do this because it is such an enormous issue. Gas. Yeah.

Jamie: 25:14

And it's also like, polygon is working fine. Well, it isn't.

Roy: 25:19

It isn't like it's had tons of issues over the last, however many months on projects that have launched, like I said, Ron has not necessarily openly said that polygon has caused tons of issues, but

Jamie: 25:33

they have like, pretty close to openly. Yeah.

Roy: 25:36

So it's not a perfect solution. Obviously, it's

Jamie: 25:43

a boy it is it is faster and cheaper.

Roy: 25:46

Yeah. That is for sure when it when well, she was rushing. So I guess there's immutable x, which is sort of taken, it's been around for a while, but it's sort of picking up steam lately. And I think more projects are launching their probe. I haven't used the marketplace recently. But I just hear good things about it. So perhaps, maybe, hopefully, more projects continue to launch there. And I just think that it's also just the community is not really used to non eth minor NFT's yet. Like, it's sort of like a bit of a niche to be buying on immutable X tastes, maybe a little bit of extra knowledge and technological know how to use those marketplaces.

Jamie: 26:29

And it seems like if people want to get non eth NFTs they're like, they're leaving the chain entirely and going to tezos or Solana.

Roy: 26:38

Kind of Yeah, I mean, there are definitely people who are big on like immutable X and love, love it. And I'm hearing a lot more talking about it lately, but by and large, most people just still use Ethernet and then complained about gas. Yeah. I mean, it's we've had huge I mean high gas for extended periods before I think in May it was maybe as I think more expensive this this or at least as expensive as this for several weeks in the road. And I mean, it just got better eventually. For multiple reasons. Then yeah. market took off in

Jamie: 27:16

this she Bitcoin specifically as part of the reason for it. Right? Because it's been going crazy. And it is an ERC. 20 Rather than its own chain.

Roy: 27:26

Yeah, yeah. So Shiva coin plus just like eth prices in general hitting all time highs. This week is is really what's I think driving a lot of Yeah, yeah. So good. Good fun. Yeah, a bad friend of Chase. This

Jamie: 27:49

has been used the week, news of the week. Or day club,

Roy: 27:57

but club.

Jamie: 27:59

So eight fest is upon us for a

Roy: 28:01

job then you're in New York City.

Jamie: 28:03

You're right in New York City. For a test. I am not we're just talking off the air, about how I'm gonna have to get up early in the morning tomorrow to go get my wristband for the party.

Roy: 28:15

Yeah, so there's what 750 wristbands are 1750 apes, you can pick them up?

Jamie: 28:23

Something like that, but I think it's actually 500 apes, 250 mutants, and then 250 plus ones.

Roy: 28:32

Okay. It's actually not that many. Well, no, it is not. Yeah.

Jamie: 28:39

But there's also like, I don't know how many people are here that own an ape?

Roy: 28:44

Alright, well, there's five and a half 1008. earners, let's say, three and a half. 1000 are in the US. So reasonable.

Jamie: 28:54

Probably not.

Roy: 28:56

3002 and a half 1000? Yeah,

Jamie: 28:58

I would say 3000 3000.

Roy: 29:01

I would say more than 500 would make their way to New York for a fair slash NFT. NYC?

Jamie: 29:10

Well, if it's not more than 500, it's going to be very easy than right. Although I guess there's so many mutants. That's an issue maybe? Maybe, although the people who just don't immune not, in theory, have less money in ability to just travel for some stupid like this. Than the

Roy: 29:30

theoretically. Anyway, it'll be Yeah.

Jamie: 29:36

Hopefully, I'm excited though. I'm fucking excited. I'm also not planning on dressing up. I don't know if that's super lame. It's not explicitly a costume party, but they definitely have mentioned costumes. Yeah.

Roy: 29:51

I'm sure there'll be a good mix of people that do dress up and then a bunch that

Jamie: 29:55

aren't same style as well. Yeah.

Roy: 29:59

You You go to any of the other events or is it

Jamie: 30:02

So my plan is to go to that tomorrow and then the merch pop up store on Monday. And that's basically it. Because I gotta get out of here on Tuesday because I have to go to Las Vegas for the World Series poker. They're kind of saying that the warehouse party is going to be the coolest thing. I think that's Tuesday night, maybe Wednesday, so I'm going to miss it. But if I can successfully get on to the party, I'll be happy and bring home some cool merch as well.

Roy: 30:32

Sounds fun. 1000 person your party like what does it look like?

Jamie: 30:36

Yeah, I don't know. I asked kills uncle who's kind of a boat guy. Like, how big is a yacht that can hold 1000 people and he's like, fucking big. I'm just excited to see what that really means.

Roy: 30:49

Yeah, it's very exciting. Oh, it by

Jamie: 30:54

the way, as I was just kind of traveling here today on the train, and reading the discord and Twitter and people talking about it. It's It is insane that you are you and did not make it to Marfa or this. It's It's insane.

Roy: 31:07

Yeah, I'm gonna go ahead and blame the United States of America. Again, the government's not let me travel without spending 14 days in like away from my home city, basically. Yeah,

Jamie: 31:22

it would has always somebody else's fault, isn't it? Well, in this case, usually it's

Roy: 31:27

your fault. But this time I'll give the blame to the government of your country. Usually, it's

Jamie: 31:34

also somebody else's fault. It just not the US government. Usually it's Jamie's fault. It's never your fault. Is it? No, no, of course. Of course not. So here just so the listeners know our for our show notes that we have for ourselves. Under the board APR club segment you have written here. JD is at eight fest. Roy is sad about not being at eight fest. That's that's what we have written down to talk about for this.

Roy: 32:00

Yeah. And I'm not even really that sad. Like, it's a bit of a bummer that I'm not there. But I mean, I'm not sitting at home, like beating myself up about it. Like, I'll go to the next one. Hopefully, there'll be other events. And there's plenty of cool, exciting stuff happening in my heart.

Jamie: 32:16

But you're missing the first one, huh? I am. But I never get that experience back.

Roy: 32:22

Yeah, you're missing a lot of it, too.

Jamie: 32:26

That's true, sort of, but now you're not I feel like you're reaching a stretch. I added I'm going to use a bed that I most want to go to.

Roy: 32:36

Yeah. I'm excited to hear like how it is and sort of

Jamie: 32:41

I know Yeah, all that. I'm also like, I'm not a great stranger's small talk type person. But I think I've also only thought about and wanted to talk about NFT's for like six months in a row. And now I'm finally going to be with people that I think feels the exact same way, so it'll probably be fine. Yeah,

Roy: 33:03

and yeah, it's not like, you're gonna have to talk about the weather or even bought, so it'll be like, this NFT news. nonstops talk about?

Jamie: 33:15

Yeah, there's a lot. There's a lot of easy small talk for it all. Yeah. Oh, man, I'm excited. But yeah, I am slightly scared that I'm just gonna have planned this whole trip just for this thing, and then just not get a wristband tomorrow because I wildly underestimate how many people are here for it, and how early they show up to get them?

Roy: 33:36

Yeah, well just get up early, get a coffee,

Jamie: 33:40

I refuse to go there at like 7am or something I'm not gonna do

Roy: 33:44

that, say opens up at midday

Jamie: 33:47

at noon is when they start handing out the wristbands. And so the question is what time to show up to be, you know, one of the first 750 in line for the wristbands. My initial thought was 11. But now I'm getting a bit worried that that won't be as much of a guarantee as I initially thought. So now I'm thinking I'll maybe get there at 1030 or something. Before, like, 10 Yeah, which means I'll have to wake up at like, 930

Roy: 34:16

I reckon you should get there at 945. I'm just gonna say breezy here. But this is the only event that you're Hi. Now if you don't just put on a podcast and chill out in line. To be funny, if there's no line, you just get there. And then I know he's waiting for an hour and a half and then a few other people turn off, but I suspect there'll be a line.

Jamie: 34:41

Yeah, like it's not literally impossible that they won't even have all 1000 people right? Sure. True is not impossible. There's not that many people that are even eligible for this and it's just it's very unclear how many people are actually here. I think I actually asked in the discord. Hey, has Because you go labs, the team behind board, a PR club, put out a like Google form or something. So people could kind of RSVP and they could get an idea of things. And I asked them the discord. Hey, does anybody know? Like, if they've revealed how many people responded or something, and I, I feel like somebody said something about 900. But oh, no. Yeah. That sounds like that also might have been like a day or two ago. Yeah. And but also, like a bunch of people are gonna RSVP and not show up. Whereas I think probably very few, maybe, hopefully, will not RSVP but then also show up. I could see

Roy: 35:40

people showing up and not even really being aware that there was a form of they should have RSVP for.

Jamie: 35:46

Maybe, but I feel like it's like the form is in the exact same place that you would have got the announcement about the event in the first place. Maybe? Definitely, Maybe that's, I guess that's a fact. I get my

Roy: 36:03

announcements for the Body Book Club on Twitter. I don't know if they tweeted out the form of they only put the form ones in the discord.

Jamie: 36:09

I think they did. Right.

Roy: 36:11

Okay. Thank you for it on this one.

Jamie: 36:14

Yeah, I guess people are some people are inconsiderate too, though. So they might? Yeah, just choose not to RSVP and then show up anyway. Yeah, you know what else I've been seeing this is sort of related. A lot of people using NFT trader to trade for a single ape, all sorts of different NFT's for like, a lot of deals where it's like they're giving away three gutter cats, one currency by Damien Hirst, like two dogs to mutants, or whatever, just first single ape or like, one really high end ape for a lesser ape plus these other things. I've been seeing a lot of those on Twitter lately.

Roy: 36:57

Yeah, I mean, there's just so many people whose sort of dream is to get an ape like they're working up to an ape. And it's sort of like the true tears. Now, it's like, Punk is like the ultimate goal. And then eight is like the slightly more affordable and achievable one. And for some people, I think that they're more interested in an eight than a punk anyway. So yeah, yeah.

Jamie: 37:21

I agree. Um, yeah. It seems to like a lot of these are like, really kind of great deals for both parties. Like if you have multiple apes, but not that much other stuff. You can really it's, you're seeing great diversification where people, you know, I saw another one today, where a guy got three cool cats plus a bunch of other stuff. Yeah, you know, you can just get into like, this sort of potential next, blue chips or whatever, in a really broad and diversified way for a single one of these.

Roy: 37:55

Yeah, about. I don't know, I think a month ago, I was telling you how I was considering selling one of my apes. And it was largely due to the fact that it's so difficult to imagine apes sort of taxing from here anytime soon, in a way where it's like, not that unlikely to imagine cool cats indexing from wherever they were, or? Yeah, cheaper. Yeah. And so from that perspective, it just seemed like a better, but obviously, riskier investment. Yeah, as we've sort of seen with this bear market lately. I mean, the the eight floor has, you know, gone up and down, you know, 20%, maybe 30%. Whereas a lot of other projects, the down like 5060 70%, even.

Jamie: 38:39

Yeah, the bigger the project, the less it matters how expensive gases. Yes, seems to be such a big part of the downturn in prices lately.

Roy: 38:52

Anything else? For date related? Um, because we have a lot of questions to get to.

Jamie: 38:59

Yeah, we really do have a ton of Twitter q&a. I can't think of anything else specifically. I kind of want to do almost like, like me do a little voice recording while I'm there or like right afterwards that we can drop in. Oh, that sounds funny episode. Yeah. But yeah, maybe we'll talk about that and think about that more a bit later in here.

Roy: 39:23

Yep. All right. Boat a

Jamie: 39:27

yacht club. With accumulator q&a. Our first question comes from Matthew Newman. Matthew says if you had four F, would you rather invest in blue chips or multiple mints?

Roy: 39:43

Well, I'd be wondering what the hell F is. Hopefully we have for E Thiess.

Jamie: 39:48

E.

Roy: 39:51

Blue Chips. I think it depends like, Is this my entire NFT bankroll or is this for F To invest on taco,

Jamie: 40:01

I think it's to me it sounds like that's all we have. Now also, like, it's a lot of people's definitions of blue chips, there's no such thing as a blue chip that's less than four F to a lot of Yeah,

Roy: 40:14

that's true. It's definitely kind

Jamie: 40:17

of argue that any art blocks curated counts as a blue chip, and a lot of them are four. But different people have different definitions.

Roy: 40:25

I think the crux of it is is what's your risk profile tolerance? Like, if you want a safer investment, go for the more blue chip things? And if you want, and they're probably going to perform very well in the long term, but you may be unlikely to see any sort of immediate

Jamie: 40:45

or you might just go sideways. Yeah, for a while. And there's

Roy: 40:49

definitely an opportunity cost in doing that. But yeah, if you want those crazy gains, then you do have to take a higher risk and mint, a bunch of things.

Jamie: 41:00

I agree with that. But does it doesn't seem like lately, the minting game is less and less valuable.

Roy: 41:08

Yeah, I would definitely it's hard to say how much of that is due to eth going up and gas being high and how much is just maybe oversaturation in general.

Jamie: 41:20

Yeah, I think it has a lot to do with how much supply there is at this point. Yeah. I have a thing though. Is that, like, maybe it barely makes sense for us to do that, because, uh, holding blue chips has also not been as awesome lately, unless you're talking about like punks, which is not a forte for blue chip.

Roy: 41:38

Yeah, I would. Sure. But I think that even like, sort of, as we were saying before, the blue chips, maybe down 20 30%. Whereas a lot of the other stuff down 50 80%.

Jamie: 41:48

Yeah, just the ability to easily flip stuff seems like it's largely not there anymore. Whereas it used to be if there was any project coming up to mint that, like you kind of knew was going to mint out quickly. It was pretty easy to flip in the immediate aftermath.

Roy: 42:07

Yeah, that it's just tough for products to even sell out in the current environment. It really has changed from even like two weeks ago, it was quite a different thing.

Jamie: 42:18

Yeah, I think though, um, there's something to the idea of minting stuff rather than blue chips. Because like, if you're getting blue chips, you're sort of, in my mind, taking other people's analysis, and just using that as your basis to buy things. Whereas if you're gonna spend your four eth, or eth, or ether, on multiple means of new things, you're kind of having to actually use your own formulations of determining what do I mean, and what do I not meant? And how much of it do I meant, which I think is just sort of going to sharpen your, your analytical skills in the space more than just going? Well, this has been around a while and people like it, so I'm gonna, I'm gonna buy it.

Roy: 43:15

Yeah, I definitely agree with that, it sort of comes back down to, again, sort of moving on from the risk thing, but sort of how much time you want to invest in. In this space. If you have a lot of time and you want to sort of sharpen your analytical skills and do the research, then it probably makes sense to look for good things to mint or buy on secondary cheaper. But if you're sort of looking for a more of a passive approach, and you just want like to have some exposure to some good energy projects, that's where I really start suggesting people just buy some blue chips.

Jamie: 43:46

Yeah, I think if I had to guess people that are are actively asking us questions, want to be a bit more actively involved. Whereas if we were talking to like, sort of a regular friend or family member that was asking us a similar question, they'd be more inclined to want to just kind of buy and forget something.

Roy: 44:05

Yeah, I know, Matthew, like, on a personal level, I know that he is definitely more actively declined. So even so I think there's a strong case to be made for blue chips in the current market environment just Yeah, yeah. minting just seems like I'm basically minting almost nothing at the moment, for various reasons, but I have a lot of other people that are sort of saying, Hey, we're just not minting we're waiting for the month to turn or gas to go down and, and all these other factors.

Jamie: 44:41

Yeah, I had no idea who you're talking about when you said Matthew For a second there until I look back at the the you know, Matthew, okay, where's this?

Roy: 44:50

Who's Matthew? All right. And he else? Nope. Proust, he says Is Art blocks diluting itself in so many projects? I know the market is tough right now but I'm learning some art blocks beauties I believed in before might not come back up. I will huddle not much else to do right now anyway, but we'd love to hear your thoughts.

Jamie: 45:15

I think that hold

Roy: 45:18

Pedro DL. Yeah, that's That's horrible. Jamie, this this. This is one that you are. You've been

Jamie: 45:27

brought about like, ghosts. It turns out you just say ghosts. But horrible.

Roy: 45:32

It's a meme. It's horrible. Oh, God

Jamie: 45:36

who says that?

Roy: 45:38

Everyone? Listen is please message Jamie with how wrong he is. For me. I

Jamie: 45:44

know the meme. But I only ever see it. I've never heard somebody say it out loud. It sounds stupid. hodl

Roy: 45:51

is a bit stupid. But

Jamie: 45:55

it's not sounds should we answer the question or just debate how to say this word.

Roy: 46:00

Uh, we've sort of touched on this before. And I feel like we get this a lot. Yeah, I definitely. In my last newsletter on op looks bad how we've seen, you know, over supply. We're not even we've seen a ton of supply on our blocks before where like they weren't minting out. And it was never it hasn't been an issue long term.

Jamie: 46:26

Yeah, what what were the Genesis drops of our box like November or something?

Roy: 46:32

The very first, yeah.

Jamie: 46:35

Three projects Thanksgiving weekend

Roy: 46:38

last year? Well, thank you. Yeah, well,

Jamie: 46:40

the the entirety of all of our blocks is less than one year old. So I think this person is saying they're worried that things might not come back up. It's like, we have barely scratched the surface of the existence of this stuff. So yeah, it's okay to be worried, I guess. But, um, you haven't really put in a lot of time owning these things, or watching the market enough. In in the way that any other market has been tested. This one has literally not even existed for a year.

Roy: 47:16

Yeah. And within the year that it has existed, we've seen cycles and periods, like what we're in right now, where there have been multiple, maybe even like dozens like 20 or 2530 projects open from internal blocks that weren't selling very well, the floor prices for existing projects had dropped Well, below admins, there's wasn't much secondary market activity. And then, you know, enough demand came out can just, you know, real itself or came into the market and prices just, you know, pieces got gobbled up, everything rented out prices shot up. And I do believe that we'll probably see that again. It is less was I guess Sure thing, I mean, not sure thing, but it's less likely that Oh, listen, that say every factory project is going to be trading for the same multiples above meant that it was in the PLA

Jamie: 48:12

June and July, or whatever we just had. Our maybe July, August is better. We just had such a total bull market for all of our blocks. And I'm coming to the opinion now that the art blocks market is going to be less correlated to itself than it used to be. And projects and individual pieces within projects even are going to be judged on their own merits over time, a little bit more than it felt like they were during that time when just all of it was going on so much.

Roy: 48:51

I think that that is pretty accurate. And I think the I think our books curated, it'll probably be fairly correlated with just art books in general. Like if a bunch of I can see sort of old journal moving up together, but I can see that happening and then factory and playground stuff not following

Jamie: 49:15

right, but like the disparity between 27 bit digital and fidenza or whatever it's like, it's enormous, and I don't really see it going away ever. No, I

Roy: 49:28

don't see it going away, but I can I don't see a case where fidenza has reached a floor of 1000 eth and then 27 visuals are still sitting at around like one or two. I think they'll you know, go up sort of in yet correlated. Yeah.

Jamie: 49:45

Yeah. But But you're saying that you know if fidenza goes to 1004 you can see some maybe factory projects at a point one floor yet now staying there yet, whereas you just can't See, the lower end? curates, I can buy that reality as well. Yeah. Especially just because the supply is going to increase so much for factory. I would think in a way that curated won't.

Roy: 50:15

Yeah. And I mean, demand is obviously still gonna go up a ton. But it's harder to say whether demand will outpace supply in a way that just given the fact that we've curated that the basically dropping one a week at March like the latest it's been a while since they've dropped one. So maybe one every two weeks is more of a better average. And demand is going to keep going up. So yeah, it's sort of like it's almost a sure thing, that demand is going to outpace supply for curated unless they somehow start dropping like collections with a 10,000 minutes but that seems very difficult for even long form generative art and obviously they can't increase the supply for existing collections as well. So

Jamie: 51:04

yeah, I was recently talking about snow froze obsession with furniture the church and furniture did we talk about that on air last episode? Yeah, I was. I thought about that again today while I was watching the the Facebook slash meta thing when they were just talking about all these digital goods and all these, like VR Worlds we're going to be inhabiting and all the creators and stuff. I was like, oh shit, like maybe snow froze super right? But also a ton of this stuff is going to be not meat world furniture, but but meta. Sure.

Roy: 51:39

I can definitely see generative metaverse. Like we're already seeing sort of generative, Metaverse, houses and galleries and things like that coming to fruition. frooition. Yeah.

Jamie: 51:52

I think we've answered this one pretty well. Yep. Seaton NFT. Bara or Barrows says, Do you think gas is going to normalize? Or will it keep going up? How does this affect the market?

Roy: 52:05

I think

Jamie: 52:07

I think it will ever have its effects. Yeah, can I think by now? Yeah,

Roy: 52:12

I think it will sort of normalize and then come down, I don't really think it will keep going up. Obviously, if demand keeps rising, then there's just more congestion on the network. And that causes gas to go up. But I believe that there'll be enough solutions in place and utilize to lower gas sort of quickly enough and consistently enough over the next six months or even two months or one month to keep gas at reasonable levels. And then in the not too distant future, it'll come down quite significantly. And then we'll probably see another crazy Bull Run or something like that.

Jamie: 52:57

Yeah, that all sounds pretty much right to me. I think there's there's also like, you know, the, the people that are just getting sick of it like that are just going to drop out for the time being and and that'll just help it come back down as people get fed up.

Roy: 53:16

For sure. Token guilt says love the pod. Want to hear more about your adventures in Japan. Hoo, boy, we could talk all day for probably we could

Jamie: 53:29

in the Royal Society of players, Discord that they'll kind of start each morning by asking a general question that people can just chat and have a way to to talk about something or whatever. The other day they asked like, what is the the unique, most unique or weirdest food you've ever eaten? Oh, me. I had to go. Beef trachea. Yeah. Because Kobe. I had I had beef trachea and that was so unpleasant. We tried so hard to make it good. Yeah. And I am a fan of Oregon meat in general. I love intestines. I like heart. I like liver. I like tendons. But boy that beef trachea was unpleasant. It was like it was kind of like if you took a piece of uncooked macaroni, and then like kind of put it in boiling water but only for 20 seconds. So it got like vary slightly soft on the outside, but was still hard and crunchy. But like more gristly. Yes, so unpleasant iKey.

Roy: 54:40

And it was interesting because we like we're having it sort of alongside this Kobe, you know,

Jamie: 54:46

yeah. Delicious, super tender. Yeah, and

Roy: 54:51

some beef trachea. Yeah, that was a fun adventure.

Jamie: 54:55

That was gnarly. And we also went across the largest suspension bridge in the entire world. And that's one of my favorite pictures from the trip is from the top of that tower. Like showing that to people that don't like heights. Yeah, no fucking way up there.

Roy: 55:09

We were. That was fun.

Jamie: 55:13

I left my wallet at a batting cage. That was fun.

Roy: 55:16

Oh, did you remember that? Did you get a bad whip?

Jamie: 55:19

Yeah, we'll we'll noticed as we were leaving and grabbed it, and just didn't tell me. And then we're like, oh, cool. Hedgy

Roy: 55:30

Oh, Hedgy so we went to a hedgehog cafe, which is basically a place there was there's no drinks or beverages over there. It was effectively just a place on show. I'm pretty sure it is. No one was drinking beverages for sure. There was there was not.

Jamie: 55:47

Oh my god, I disagree. I strongly disagree.

Roy: 55:50

We'll ask William a friend who was there with us and you're probably listening right now who will tell us they will no beverage anyway. You can you can basically hold hedgehogs and they were cute. I think I

Jamie: 56:02

might be able to pull up a picture of one of us with a goddamn drink guarantee you

Roy: 56:05

cannot. Let's make a wait.

Jamie: 56:07

You know what? No, I'm not gonna do that. Because the only picture I can actually specifically remember the one of me holding one of the headshots. But I bet you there's a fucking drink in the background if you look I'm not gonna scroll through my phone anyway.

Roy: 56:23

We went to the Cedric that's a no no,

Jamie: 56:24

hold on a second. But these it's like based on the cat cafe thing. You think they just skip the cafe part of it once they move to hedgehogs? Yeah. No.

Roy: 56:35

This particular hedgehog cafe does not have beverages.

Jamie: 56:38

That's not a cafe then. That's a hedgehog

Roy: 56:44

The name was bad maybe you're the someone's lost in translation but

Jamie: 56:47

they had like grubs. You could cook Did you buy the grubs to feed them?

Roy: 56:51

Do you remember that? Either remember that?

Jamie: 56:55

You don't remember any of it. There was there was drinks and grubs

Roy: 56:58

there were there were no

Jamie: 57:00

there were there were it's a cafe.

Roy: 57:05

I remember specifically thinking on this is weird that there are no tricks here.

Jamie: 57:08

That that has no bearing on reality. You haven't you know what else I liked on that trip that that big park we went to it was sort of like the central park of Oh, yeah, that was really nice. No idea what the name of it was. But that was very pleasant. Yeah.

Roy: 57:23

We didn't really tell the big story. You're, I think, the hedgehog. We just

Jamie: 57:27

argued about whether or not Yeah, thanks

Roy: 57:29

for this stuffed animal of a hedgehog and then just named named Hedgy. And then left Hedgy Airbnb.

Jamie: 57:37

We went from Tokyo to like Osaka, maybe. Something like that. And I left and I didn't realize it until we got to the next location. That was fucking Super disappointing. Yeah, that was a cute stuffed animal that my dog was gonna love.

Roy: 57:52

Um, we ate some excellent sushi on many occasions of it. Yeah. Oh, so good. Ramen.

Jamie: 58:01

Romanek boy did I love going through those markets and just buying random things one after another to eat and yarn into a meal. Really expensive fruit. It was good.

Roy: 58:13

Any I was sea urchin. That was delicious. And everyone loved that. Yeah. The arcades I mean, we've spoken about

Jamie: 58:24

our kids though. I think boy were they fun.

Roy: 58:27

Oh, sure. The restaurant where everything was deep fried.

Jamie: 58:31

Yes, I loved that. That was so good. That was really good. It was literally literally everything was on a skewer and deep fried there was not anything on the menu but that

Roy: 58:43

you know? I mean, you know that was a lot of fun.

Jamie: 58:49

Oh, yeah, it was yeah, it was rainy though.

Roy: 58:52

It was raining all day but I had I bought like three

Jamie: 58:56

pairs of socks over the course of the day just so I could have something somewhat dry on my feet for a little bit. Yeah. Meaning socks I still have

Roy: 59:04

I have them too. Yeah, so good.

Jamie: 59:10

I think the way I remember it the very first ride we got in line four was a a roller coaster and when once we were like two away from the very front of the line, it just shut down for 40 minutes or something.

Roy: 59:23

I did not remember that at all but sounds

Jamie: 59:26

I have no trust or faith in your opinion. On this cafe thing? You don't remember anything?

Roy: 59:34

No, no, no, you are very wrong about the cafe. That's insane.

Jamie: 59:37

Oh my god. How much how great. What are the vending machines?

Roy: 59:43

Oh,

Jamie: 59:44

those things are amazing. I do by the I do not like flavored water but in Japan. I loved their flavored waters. The peach and the Mandarin flavors were so fucking good. You like one you like the weird yogurt one But boy did I love the peach and Mandarin ones. Holy shit. And like once every eight weeks, probably I google Suntour water to see if I can buy it. And the only place I ever see it is like, you know, $98 for a case or something with another $70 shipping and handling and I just can't. I can't justify it. But boy, I'd like to get it at some point.

Roy: 1:00:17

Yeah, I'm still amazed that that you just there's vending machines everywhere and you just get like hot coffee and account the snacks from like the seven elevens that has some great so

Jamie: 1:00:27

yeah, yeah. Oh, man, I want to go back. Let's let's go back. soonish

Roy: 1:00:33

will will is talking about wanting to go and like, I think Eastern next year. And Rachel really wants to go I really want to go but was that?

Jamie: 1:00:44

I think you mentioned something like that. Yeah.

Roy: 1:00:47

Yeah, we should definitely go back at some point for sure.

Jamie: 1:00:51

You know what I didn't like though the coffee. I none of the coffee that I had in Japan was delicious to me.

Roy: 1:00:57

Hmm. I

Jamie: 1:00:59

mostly basing that on the one that I had at the airport while I was waiting for you all, which was not good. Yeah. But then we also went to like a fancy place that one time, like in the middle of the woods or whatever. I don't know if you remember this.

Roy: 1:01:13

She's making stuff up. No, no, it was

Jamie: 1:01:15

like it was a very small building. And like all

Roy: 1:01:20

that was in Kyoto.

Jamie: 1:01:22

Yeah, I don't I remember it not being as delicious as I wanted it to be. But I'm also one of the people that like I like very sweet, like coffee. So yeah, it's a coffee taste so much like coffee. I'm not that into it.

Roy: 1:01:34

What was the thing you were eating when we're walking down the street in Kyoto? And Will was like, videoing you Facebook Live?

Jamie: 1:01:41

It was something I have no idea what you're talking about.

Roy: 1:01:43

Okay. Yeah, I don't know.

Jamie: 1:01:49

I don't I barely remember eating in Kyoto. I just remember riding bikes a lot. And we're very out of shape. That was That was tough. That was tough. Alright, by the way, heavy. You just got to peloton. Have you used it yet? I'm dying to see how bad your numbers are. No, I was meant I need I need somebody who's comparably bad to me. Because my numbers are so low compared to everybody else.

Roy: 1:02:13

Um, I I may use it after this. I I was meant to use it earlier. And then I ended up on the couch watching Seinfeld for about an hour and a half and falling asleep.

Jamie: 1:02:25

Nice. That's it. That's it. That's a good replacement for a workout. Let's let's let's keep moving through the podcast.

Roy: 1:02:32

Not even like a third of the way through the questions. Yeah, milk frog

Jamie: 1:02:35

dot F says would love to hear your thoughts on at NFT fi, if you've used it or how you guys deal with illiquid? JPEGs overwinters?

Roy: 1:02:45

We have a lot to talk about on this because you lend a lot of money and I'm borrowing a lot of money.

Jamie: 1:02:51

Yes, I lent to you by accident. Yeah, that was funny. That was funny. i i We both use it. Yeah, it's a great product for sure.

Roy: 1:03:02

I'll say it's a good

Jamie: 1:03:03

price. Oh, I'm sorry.

Roy: 1:03:06

Well, you're wise All right. i It's it's good for a maybe it's great for like a peer to peer lending thing. But sort of the gas costs involved with accepting and repaying loans is

Jamie: 1:03:22

slow. I'm on the other end of it. So that's not an issue for me, I guess for

Roy: 1:03:25

lending. It's better, but for someone borrowing money, it's not ideal.

Jamie: 1:03:30

Yeah, no. Do you think that that's something that they can improve a lot with a more efficient contract? Or is that just like an asset problem? eth problem.

Roy: 1:03:41

Uh, I mean, I'm not technologically savvy enough to know if they can improve that with an efficient contract. But I know that there are platforms being created that are like automated market makers for borrowing against your NFT's in a way that will basically make NFT fi somewhat irrelevant, because instead of, well, maybe I'll be irrelevant, but at least for someone looking to take some equity against their entities, more preferable to use sort of a marketplace where the interest rates are lower the gas costs involved are they're saying are going to be lower or almost insignificant. And, yeah, it's sort of like instead of having to find a specific person offering you you know, these rates, you can just say, hey, the platform will offer 2% interest or something like that.

Jamie: 1:04:35

They'll just kind of value all NFT's. Yeah. And that's interesting. They will kind of be pleasantly gamed or whatever, though.

Roy: 1:04:47

I mean, the way that I've seen them thinking about going about doing it is like, obviously, they'll loan you maybe 40% of the value. So if the price is tanked, they're protected. And you I'm sure they'll think of

Jamie: 1:05:01

oh, I also wonder about like trade floors and stuff like that, because that kind of thing really does affect the value so much. But it's also not as easy to maybe tease out in a way that doesn't open you up to being screwed by savvy users of the product.

Roy: 1:05:19

Yeah, I mean, they'll probably just use the overall floor for the things if you have a rare one, you'll still be able to borrow against whatever the floor is.

Jamie: 1:05:27

Yeah. Which kind of makes it not a surely better product and FTSI. Sure. Anyway, yes, we both use it. I think I kind of love it. You kind of think you like it? Yeah, it's great.

Roy: 1:05:45

Yeah, yeah. And you don't want to sell your NFT. Yeah.

Jamie: 1:05:49

Or you just want to make some interest and possibly acquire NFT's at a discount, which is the way I'm using it. Yep. I spent a long time making offers on it without getting any accepted a long time ago. And now all of a sudden, I've been getting a ton accepted. So I kind of wonder if I was being too shitty with my offers before? Or if more people are just knowing about it now and looking to actually accept these offers?

Roy: 1:06:17

Probably a bit of both. Yeah. Yeah. All right. Um, North says How important is a doxxed team? How important is the artist to the success of a project. So doxed is just for anybody doesn't know, basically, their identity is revealed. If you're doxxed, you're not anonymous,

Jamie: 1:06:42

not anonymous.

Roy: 1:06:45

And I think it's fairly important in the current landscape. It's just that there's so many projects launching. And if you have an anonymous team, it's hard for someone to evaluate sort of the team and like, what they bring to the table in a way that if the team is doxxed, then you can just know more about them and have potentially more comfort investing into the project.

Jamie: 1:07:11

Yeah, I think as time goes on, it's liable. That being doxxed will be maybe less important. Because if you have just this sort of Metaverse identity that has been with you for three years, or whatever, it's like, you're sort of doxxed even though you're not doxxed, if you know what I mean, like, yeah, your your, your punk six, five to nine, and I don't even really care who you are in real life at this point. Because now I I have this opinion on how trustworthy and knowledgeable or whatever you are, in this sphere, and it doesn't really matter what you did it before that or, or in the real world. Yeah. You know, obviously, if somebody brand new comes along in two years and tries to sell something, you know, then it'll still be important, maybe to me that, that they're doxxed. But I can see people just establishing these. What is the word I'm looking for? It's like a good, something.

Roy: 1:08:16

Reputation?

Jamie: 1:08:18

Yes, reputation as the exact word. Yeah, people establishing a reputation just from spending a lot of time in the space. That will not miss necessitate necessitate them being doxed to still have that level of trust and comfort.

Roy: 1:08:35

Yeah, I think we even see some of that now. Like there are some anonymous team anonymous, people in the space, who don't have a real identity, but they've been in the crypto space since 2016 2013. And they just have connections and no other people in the space. And if they launch a project, very often, it's very successful just because they have these connections and people know them by their reputation. Yeah. Second part of the question, how important is the artist to the success of a project? What do you think?

Jamie: 1:09:05

We've, I think we've talked about this before, it seems like I think it's more important than you do.

Roy: 1:09:11

Yeah. I mean, that seems accurate. I think that if the artist is very is like well renowned, and, you know, respected and all that it can be a significant contributing factor to a project. But I think that it's not by any means. And this just this density, yeah.

Jamie: 1:09:39

I'm thinking actually more of the art rather than the artist. Because I feel like we've had that question before. Yes, it's the same artist. And that, to me is sort of a little bit less important. Because I feel like there's so many artists that we're just finding now because of the way NFT's are kind of empowering creatives, but there's tons of great artists that like Fucking nobody has heard of. And so it doesn't necessarily matter who they are as far as if their name or if they're established. But to me the art matters a lot.

Roy: 1:10:13

Yeah, to me it. I mean, we've spoken about this a lot. It depends on the project, if it's a collectible project, if it's an art project, and if it's collectible, I look at other things a lot more than art. And it's just sort of a nice thing. If Yeah, it's nice. Yeah.

Jamie: 1:10:28

Like there's, there's projects that people quite like. And that sort of people whose opinions I respect about this kind of thing are into, but just if the art is, is off to me, it's just, I kind of just usually sit on the sidelines. Because there's a million in one projects out there, I just, I don't need to get in one that I don't like the art

Roy: 1:10:49

of fit one

Jamie: 1:10:52

cipher is stickle cipher mystical says, Who are some of your favorite one of one artists that you have? Or would like to collect?

Roy: 1:11:02

Um, I have not delved into one of one art nearly as much as I quote unquote, should have given how much time I spend in the space and I have not either

Jamie: 1:11:13

I've I've started looking at them a lot more lately, though. Yes, I've sort of more of one myself. You know what else I found recently, I had never cared about x copies work before I'd seen it and saw basically nothing of it. But then when I was reading one of six, five to nine thread recently, and looked at his we all going to make it summer work. I just, I all of a sudden loved it. And now I'm a fan of his work. So I would love to get one of his.

Roy: 1:11:49

Yeah, I mean, what are they like a million plus? Now? I think there's one of

Jamie: 1:11:54

one. Yeah, yeah. That's the other thing too is like what is exactly do you mean by one on one artists? Because a lot of these people are doing some one on ones and some additions. Yeah, like, people, I think most of his stuff is not one of ones anymore, but I would still call him a one on one artists. Because I kind of think that's what they mean, when they say one on one artists is just any artist who we just know them by their name, and they just sell art that's not really part of a avatar project or this or that. It's just that they're just an artist creating art that's recognizable.

Roy: 1:12:30

Yeah, there's two artists that come to mind. One, which I think you really, really like, see a light, who creates these sort of Japanese style, somewhat pixelated? Just beautiful. Images are usually animated with really vibrant colors. And yeah, they're just really, really nice. And the other one is DK at DK motion, and he creates, again, somewhat similar animated, I would say Japanese inspired was that bit of a slant in that direction. Just sort of fun whimsical art that really appeals to me, Rachel actually saw. So TK has a series called Let's walk, which I don't think it's strictly one one that they editions of 10. But he also has one one. And it was on the front page of open sea maybe like three or four months ago. And Rachel was like, Hey, these are really cool. They had like a link from Zelda one. And she was like, Can I get it? And it was like, I don't know, one eth at the time. Oh, point five. And I hadn't really heard about the artist. And I was like, this seems to be expensive. And we passed and now I think they're like, under 510 times that now. So that's true one

Jamie: 1:13:52

I just looked up who the pixelated Japanese style art was. Who did you say it was that you're thinking of?

Roy: 1:14:01

CLI? Oh, yes.

Jamie: 1:14:03

That is not the same as mine. Mine is Korean k r e u m. Their Twitter name is gody Korean so g u TT YK. Kr e um, I'm a big fan of their stuff. But I think I talked about on previous episodes. It's just too expensive for me, but I'm a huge fan of it. It really hits me in the nostalgia from the Japan trip. Plus, like the old RPG that I love to play. Plus, like all of Hayao Miyazaki is animated things that like it reminds me of all of those which are all such happy, pleasant memories for me so just looking at his his Wow, yeah, I'm looking at happy yeah, it makes me happy and nostalgic.

Roy: 1:14:51

What are the prices on these things? Do you offer the behead roughly?

Jamie: 1:14:55

Um, yeah, I think they go for like maybe like 50 to 15 ether. So don't like that probably.

Roy: 1:15:01

Okay. Yes, that's not sure. Yeah. But

Jamie: 1:15:05

he also has like gaming asset, like downloadable packs for like 999 or whatever. So it's like they're not NFTs, but if you want the art and to support him in a way, that's not just right click saving. There. He's got like a sort of an in between thing, which is kind of cool. Yeah, very cool. I don't plan on making any RPGs anytime soon, but maybe I'll get some of those anyway.

Roy: 1:15:30

Yep. Do you have any other one? Wow. Um,

Jamie: 1:15:33

you know, I do like, pics in gangs stuff. Yeah. Or I guess, picks and gang is the name of like him and his followers. Rather than him himself. I can't think of actually what his name is. Gang Yang or something. The ghosts are artists of ghosts is what I'm referring to here. Yeah, his stuff is cool. And again, that's another one where it's just the prices have gotten crazy.

Roy: 1:16:01

Yeah, there have

Jamie: 1:16:03

to think there's anybody else that comes to mind quickly, but there isn't. But I'm sure if I kept looking I'd find plenty of them.

Roy: 1:16:15

Yeah, there's tons. You know what?

Jamie: 1:16:17

There is an ape artist whose name I'm definitely not going to be able to pull but he does sort of kind of mixed media work. That is, I guess, bordering on surrealism. That's very interesting. God, I wish I could pull his name. I'll probably look it up and put it in the show notes though. But I I find his art very interesting. And I would like to collect it.

Roy: 1:16:47

The one I was just about to mention is I got very lucky with punks comics and one one of the raffles for a hacky towel. piece of work. God saves the queen of punks. And they're not as that I haven't really seen true much of I guess, recently, I remember hearing about them a lot more. I

Jamie: 1:17:11

just saw something a couple of days ago about one of their pieces going for 199 F. Like very recently, they had a

Roy: 1:17:19

a they were in the the Sotheby's or Christie's you know, one of the two, somewhat recently as well, but yeah, I really do like the piece that I have. It's,

Jamie: 1:17:30

it's just crap. I like bato. Does that count? Is that a possible answer? Kind of is right. There. Those are definitely one of ones.

Roy: 1:17:39

Yeah, and the oddest is, just because an artificial intelligence doesn't mean it's any less than a one on one. Yeah,

Jamie: 1:17:46

I would like to collect one of those at some point. But who knows how long it'll go or how low the price will ever get. Cuz right now they're way out of my price range. The first one went for what was it? 79?

Roy: 1:18:01

Yeah, and then there's good like a bit

Jamie: 1:18:03

of 200 There was a bit of I think, 100 then 150, then 200, then 250. Or maybe the first one was 150. I believe there's still a standing bit of 250 on it right now.

Roy: 1:18:14

What a great buy it 79 or whatever.

Jamie: 1:18:17

I think it took like maybe yeah, so beautiful punks has an offer of 250 eth on it right now. This guy wanted six days ago for 79. And then a day after that beautiful punks offered 150 Waiter today offered 200 waited less than a day offered 250 and the original buyers still not selling and the second piece is up for auction now and the highest bid is let me see. 42 eth and there's 18 hours left.

Roy: 1:18:48

Yeah. Now what do you how do you feel about the art for piece one and piece two.

Jamie: 1:18:53

I wish you said that three seconds ago because I had it open and then I closed it. I like both of them. But it is one of these things where it's a little like I think the second piece looks a little bit more I don't know this this AI art that kind of blends all these genres but kind of leans towards surrealism is so difficult to describe because it's it's so to me, unlike anything you really have ever seen. come from a human and I'm also not like an art history major or whatever, who really has the language to describe this stuff. But it's it's definitely very interesting. And and also looks good. But I have a tough time getting more words out than that about it.

Roy: 1:19:57

Yeah, I Yeah, I find them pleasant to look at. But yeah, it's

Jamie: 1:20:03

so like, I'm looking at the most recent piece. And so if you look at sort of this center, and sort of the more foreground stuff, to me, you're getting more of, of that kind of weird surrealism stuff that I'm talking about. But then if you look at sort of the more delicate background colors, it looks kind of more like classical paintings that were, you know, trying to be quite realistic, even though this is all like sort of blurred and blended to the point where it it's not that it's, it's just it's very peculiar and interesting, the way it's all kind of blended together and figurative, but not figurative.

Roy: 1:20:47

Yeah, we'll definitely link these in the show notes. It will come. Yeah, come out.

Jamie: 1:20:51

Very interesting project, looking at the faces

Roy: 1:20:53

of the characters in the back. And it kind of looks like one of them has a cat face. I don't know if you

Jamie: 1:21:00

can see that. Which one? The one? Yeah, like the biggest one? Yeah, I can see that for sure. Yeah. Which is Ayar. Yeah.

Roy: 1:21:13

We could talk about bolo, and nobody ever happened. Because they released their Gentoo.

Jamie: 1:21:18

That's not one of our wishes.

Roy: 1:21:20

Next week. Yeah. We talked about that next week. All right. Um, anything

Jamie: 1:21:28

else or move on? Let's see.

Roy: 1:21:31

ruder says besides the obvious punks are blocks and bought at your club. What projects would you to consider to be blue chip?

Jamie: 1:21:39

I would cool cats. Go ahead. Cool Cats. I think cats is a good answer. I think it would be crazy not to include xe infinity in there. I think for a long time, it seemed like Zed was a good answer. But it does feel like Yeah. The amount of confidence that people have in it just slowly has dipped over time.

Roy: 1:22:07

Yeah, I was certainly calling my blue chip. Pretty cool. Like with a lot of conviction, even like three months ago, certainly before that, and now I would put them somewhere in borderline.

Jamie: 1:22:19

I think also going back. Let's see one question. I think all these big one of one artist you can kind of consider them blue chip at this point. Yeah, like x copy. Yes. There's many others. Like the twin flames photographer Justin Avar Sano Oh, yeah, you

Roy: 1:22:39

for sure.

Jamie: 1:22:40

That's a good one. This where my vans go guy. I feel like his stuff is just gonna persist. Yeah, as well.

Roy: 1:22:50

And then sort of like auto glyphs, blue chips. Oily Yeah,

Jamie: 1:22:57

it seems like rare pet bays are really becoming like, it's not fringe to think that they're historically relevant anymore, becoming much more popular. And I think Curie I think more of those really old projects, a couple of them are gonna establish themselves. What's the other one Spells of Genesis or something like that? I read a pretty good Twitter thread about them something the other day that sounded kind of convincing.

Roy: 1:23:24

Yeah. Cyber comms? Yeah, really?

Jamie: 1:23:29

Yeah, that's a project that is so big that I barely like have ever followed. So I can't really speak to authoritative Lee about it. Also, I would say like, it seems like stuff like nouns doubt, like all all nouns kind of seem like that's going to be a blue chip project going forward.

Roy: 1:23:50

And I'd say V friends or V

Jamie: 1:23:53

friends, and then like potentially things like I would say, like maps and like maybe even cryptoads Or like creature or something like that. Will kind of I think a lot of stuff in that range world of women are like very borderline, but could kind of take one big floor sweeping or a couple big ceiling buys or something like that, to just kind of make it to where everybody kind of goes. Yeah, you know, that's, that's sticking around. That's legit.

Roy: 1:24:24

Yeah, I would agree with that. Question

Jamie: 1:24:32

dunzo says, Have you guys seen or talked about the at 10k T F sharp project, where owners of blue chip projects can make derivatives of NFTs? Maybe it has already been talked about really cool project that brings people in the space together with possible ties to some big names.

Roy: 1:24:52

I don't think we've spoken about it before.

Jamie: 1:24:54

I don't think we have we both minted these things though. And it seems very clearly like people is involved Alright, excuse

Roy: 1:25:01

me. Yeah, I can't remember specifically the connection. But I remember

Jamie: 1:25:06

just sort of always responding to their tweets in a slightly Coy and slightly obvious way to me. I think that's sort of the extent of it.

Roy: 1:25:18

It's it's a cool project, I believe they've had two sort of drops, quote unquote, two things you can claim they had some, some high tops, sneaker things, and then some backpacks. And I missed the high tops, but I got like, 40 backpacks, because I just started claiming on everything, but

Jamie: 1:25:37

yeah, I got like five or six backpacks. And I think I sold actually

Roy: 1:25:41

sold the backpack. I sold one a few days ago for two eth. And I like a gray background or whatever she's which. Yeah,

Jamie: 1:25:50

mine is a misprint on my ape, which is crazy. Oh,

Roy: 1:25:53

yeah. Like, hear anything from them on the whole situation?

Jamie: 1:25:58

Like, I might have clicked a button about reporting it or something. But I don't I don't remember any sort of follow up or, or if that was even true. I vaguely remember something about that, though. And I also tweeted about it. But certainly I looked at recently, and it still is just another eight. Which is very strange. I'm like, I don't know how that happens.

Roy: 1:26:20

Yeah, it was very strange. Very, very, that they sort of and dropped these what they calling stockroom supplies are some things supplies is really a good word. Yeah. So it's like scissors, measuring tape, leather cloth. Amo?

Jamie: 1:26:39

Yeah, thread. It seems like we're gonna be able to get real life versions of these at some point from them. That's my,

Roy: 1:26:47

yeah, that would be

Jamie: 1:26:48

very cool. Like, because then on the initial drop, they they specifically said, like, in the q&a, one of the questions was, Well, is there any real stuff and they were like, at this time, it's only in a way that seemed very much like they were implying that in the future? And then like, the, again, the second airdrops that you were just talking about, where it's all these like materials, it seems like you're gonna have to, you know, hand them in or whatever to get one is my guess. Yeah.

Roy: 1:27:19

You know, just airdrops of NFT's is so cool. Like, yeah, just by owning the value that collections and just just the space in general finds the ability to create for holders of NFT's even just generally in crypto like, like people who use Unix well, they got an airdrop of uniswap tokens and like the community is really big on rewarding. Yeah, the community. Yeah. Hey,

Jamie: 1:27:46

do you know how those uniswap Socks were initially distributed? I do know I

Roy: 1:27:52

do not carry on nevermind, then. All right. Um, was there anything else about this question? I don't think so. No, all right. I'll hurt says what are your thoughts on the various strategies minting whitelist, dodgy auction raffle, etc. The parallels mint today had me bummed I couldn't get it because I didn't quite understand how to gain the CAPTCHA. But friends got it. No problem. So good to see that. Some parallels meant, let's just start with that. I didn't partake in it. But I think it was sort of like a fastest fingers first, who could click and reserve and you had to solve the CAPTCHA in order to say

Jamie: 1:28:36

there was like three different tiers. And you could get a max Yes, three each, I believe.

Roy: 1:28:41

Yep. And they're probably going for a significant premium over whatever the people that got in, were able to get them for. Generally, I think that there hasn't really been a established clear winner, Best Practice consensus, hey, this is the best drop method amongst community. There's a lot of projects, experimenting and trying new things. And it's good to see that I think we're going to continue to see that the space is going to revolve and then yeah, I don't know what like I think that I like Dutch auctions. Just because it, it finds a pretty reasonable price that the market is willing to pay, but it's sort of often hurts the secondary market action, and that can in effect have a negative effect on the project if there isn't enough of that. What do you think?

Jamie: 1:29:40

I don't have a ton of thoughts on it. Other than that, I like that lots of different things are being explored. I also think it kind of depends a lot on like, what the goal of the project even is, like to me the idea you're saying Dutch auctions can kind of hurt the secondary or what Whatever. But if you're talking about something maybe like an art plox I think you're not necessarily supposed to have all that much of a secondary market. Yeah, it's supposed to be art that people who want art buy, and then own that art. Whereas some of these more communal gaming type projects or like projects, where they kind of have plans for how they're going to use the royalties to keep building as things go forward. Projects like that, it seems to me like the secondary market is much more important. So you don't necessarily want to have all that price discovery right up front, like you get with a Dutch auction.

Roy: 1:30:41

Yeah, I definitely agree with that. When I was saying the things about Dutch auction, I sort of had in mind, the bng project and a couple of other like, you know, 10k plus collections that have dropped and not up looks, I think disruptions are grateful for our blocks. whitelists are a thing that we've seen a lot more of over the last sort of six to eight weeks, and they seem to work kind of well. But it still

Jamie: 1:31:12

seems to be getting set up for some from what I can tell.

Roy: 1:31:14

Yeah, I can definitely see that shift in mentality over the last even just over the last week or two. Yeah, just sort of the difficulty of getting onto a whitelist sort of the just if people miss out, then there's like a sour taste in their mouth. And they may not want to buy on secondary or try the public sale. I'm curious about projects that might be able to sell out exclusively with a whitelist, say, 10,000 minutes, one slot per person, and then just sell out, it seems like the market has that capacity, like there's enough people. And if the project is good enough, there should be that level of demand for it. We just haven't really seen that yet. Yeah, I would like to see that. You know,

Jamie: 1:32:05

I see this, this question is directed just at you. So maybe I'll let you read it as well. Even though

Roy: 1:32:12

I think this was also two questions that I've sort of put it to one. Mr. Jimmy G says, Why 333 places for your top tier, given the price, why not start with a small manageable number of say 50 and build up? And then there's also a question from Flix who said, we're not going any question but rather simple how I you, you've been grinding nonstop and having to do so much can get exhausting? Your good friend. Thank you for asking, I am good. I actually feel very good. Sort of less burnt out then, you know, a couple of weeks ago, just because I have directed more of my time and attention to advising projects working on my own project, building out my content and discard and sort of just a whole new side of the space rather than minting buying, flipping, selling, listing all that kind of stuff, which was is hectic and a lot more time consuming. And I wouldn't say stressful, but just like draining. So yeah, I feel great. And then thank you for asking. As for the first part of the question. So I'm not that serious. I spent like three hours watching Seinfeld before this. So yeah. Why three, and from 33 places of your top tier. I could have started with 50. Yeah, it, I just sort of went with 333. Because I'm going with the theme of 33 and threes. And when I had the idea sort of a few weeks ago, it sort of made sense. And at the time, I wasn't really sure of how much demand there would be. And I genuinely thought it would not sort of sell out. And you know, there might be 3050 people that buy it, and then there'd be this gradual sort of, if it was working, if people liked it, then more people would be willing to buy in. That is not sort of the case, what we're seeing, I got I think 12 or 1300 people now applied to the on the waitlist for this tear. And so there's clearly an excess of demand for this product. And I don't know, I mean, I could drop into 50. But it sort of seems like 333 is a nice sweet spot now where if I just released 50, there would be so many people that were missing out and that want in on the project that I don't know. It just strikes a nice balance of 333. But I definitely see the merit of having a smaller number just because with 333 It is a slightly larger community to quote unquote, manage or to dedicate time towards and that's more people but I don't know I think it's going to work well. I think that community of people I'm sort of curating to be on the way Listen to get in, is going to be really awesome. And sort of a lot of people out there that network and help one another. And, yeah, we'll sort of take it from there. I think there's the possibility to add more weight on the line. If the community of 333 of us decide that's something we want, but I don't know, it seems like a nice healthy number. And that is why it's not. It's not a super conscious decision that I decided on that number for specific reasons. It just, it was the first thing that came to mind. And it seems reasonable enough now to share with that, thank you for asking. Yeah.

Jamie: 1:35:40

Okay. My connection dropped for a second is the recording fine.

Roy: 1:35:46

Yes, we're going to be fine. Okay. Kid lightning

Jamie: 1:35:49

says what are some of your favorite meals? And where?

Roy: 1:35:53

Whoa, we have a lot of emails.

Jamie: 1:35:55

Yeah, I'll say right off the top of, of the bat, is that an expression

Roy: 1:36:01

is an expression.

Jamie: 1:36:04

That right off the bat off the top? Yeah, I really loved Lauder in Santa Rainey. It seemed like you didn't like it as much as me but you did quite like it's still that that was a special one. It was also on my honeymoon, which might have helped as well. But that that was an amazing one that had some very unique, delicious food.

Roy: 1:36:26

Yeah, we we really did like it. But again, maybe not quite as much as you did.

Jamie: 1:36:32

Oh, my God and CO Yoshi in Osaka, that we're kind of talking about earlier with the Japan stuff but that that was the greatest sushi experience of my life. Yeah, I wrote a haiku about the same and it was so good. I don't write haikus

Roy: 1:36:50

that this that that entire experience was fantastic. And then we went back to try and go again and they were closed and another shutdown forever and it's a bit sad but yeah, that is we had will always have Kiyoshi

Jamie: 1:37:03

Picasso at the Bellagio was I distinctly remember that scallop being kind of life changing.

Roy: 1:37:11

I remember the land being really, really good. That's an excellent restaurant. Oh, no, I'm getting Picasa confused with

Jamie: 1:37:18

the suck. Oh, sarcasm, great food to you. No.

Roy: 1:37:22

Good.

Jamie: 1:37:23

I also am always happy after I have a meal at Nobu. I know exactly what to order. I know exactly what I'm getting and it's gonna be great. I'm always very pleased when I go there.

Roy: 1:37:35

Yeah, Rachel and I ate at Nobu in Mykonos, I think. And yeah, it's just like, anywhere in the world. You go to Nobu. You're going to get some excellent food, and it's going to be somewhat familiar. And just if

Jamie: 1:37:52

it's gonna be familiar,

Roy: 1:37:53

yes. Yeah. Um, we ate another really good Japanese restaurant in Barcelona. I can't remember the name of it, but just generally, I think both of us love Japanese food. Yeah. Good. Japanese. You were just you tweeted out tonight. If there was any apes or anyone on Twitter. Oh, yeah. Thank you. Take a sushi. Yeah.

Jamie: 1:38:16

I need to go to bed like stat and that would have extended my night so much.

Roy: 1:38:21

Yeah. Um, it would be remiss of me not to mention eating at the neck. It was number one restaurant in the world in

Jamie: 1:38:33

French. No.

Roy: 1:38:38

moderna. Oh, Ferran

Jamie: 1:38:40

Adria is place.

Roy: 1:38:42

No, no, this is in Spain. Austria Francescana This is really bad. Austereo Francescana company by

Jamie: 1:38:59

Now who's the head chef there

Roy: 1:39:02

is this is

Jamie: 1:39:09

I mean, the name sounds familiar, but

Roy: 1:39:12

you definitely know that. I was definitely talking about it a lot when I was there. Yeah, I'm Massimo bitter. Okay, final off the top my head remember that? But but sure. Yeah. And yeah, it was sort of number one in the world for many, many years. And then I got really lucky to get a reservation there. Because the way they sort of work the reservation system is that like, three months or six months or whatever in advance, they say hey, you can log on to a website, try and click and reserve and there's tons of people trying to do it. And I was at, I think just at a pub or something getting dinner with will and a couple of other friends and then I was on my phone trying to get a reservation and will was on his friend trying to get a reservation for me. And I ended up giving up like Like just not working. And then we'll just persisted and ended up getting one. And that was excellent. So thank you. Well, yeah, it just, it was just probably the best meal of my life. And it's just yeah, very memorable. And a plus, we went for like four hours the meal, but it was not one of those cases where you just walk out stuffed. It was just like well paced. And yeah,

Jamie: 1:40:27

yeah, sometimes I was actually thinking of another place that I quite liked. There's a place in Vegas called bizarre meats. It's a Jose Andreas place. Oh, yeah. And I specifically remember one time Kayla, and I went there. And we just had a fantastic meal. And we kind of like, do you remember when me You and her went to persimmon and ordered like, just everything. It was kind of one of those situations. And we had this braised lamb neck dish. That was like the last thing they brought out. And it was like, one of the most delicious things I have ever tasted in my entire life. And we were both so full. We like literally could it was like such a weird devastating like, you know, make so many starving humans so angry, but it was. It was stunningly good. And I just I could not eat it. I was so full. Yeah, that I don't like doing that. But sometimes I can't help it.

Roy: 1:41:24

Yeah, that's a bummer. We've had a lot of good we've we've had a very fortunate Yes.

Jamie: 1:41:32

Yeah, I quite like that restaurant and Julio in Vegas. Every time I go to them. I pretty much I'm happy with it. Oh,

Roy: 1:41:40

what's that other restaurant that you? The Thai restaurant that you?

Jamie: 1:41:44

Oh, lotus of Siam in? Yeah. Las Vegas also does amazing Thai food.

Roy: 1:41:50

Yeah. That was really good. Yeah, the

Jamie: 1:41:54

the NAM cow. Todd is fucking delicious. And the crispy duck Drunken Noodles. So good. Huh.

Roy: 1:42:01

When Rachel and I were in Boston, we went to a place called the tasting Council. And they had like a sea urchin dish with like, co2 foam broth, and it was just

Jamie: 1:42:14

I need to I need to go to Boston and eat at great restaurants more. First, how close I live to it. I've I've only been, like three really good meals there.

Roy: 1:42:25

Yeah, you do. Alright, that's enough reminiscing of excellent meals,

Jamie: 1:42:32

zombie bits says, when? And how can NFT simply be art? And they also said, Do collectors demand too much?

Roy: 1:42:47

When and how can NFV simply be OT? I mean, I think if someone

Jamie: 1:42:52

actually right now they can be some of Yeah, right

Roy: 1:42:55

now. Yeah. And I don't really answer that. If an artist if someone creates something and says it's odd, if someone is looking at it and thinks it's odd. It's all?

Jamie: 1:43:09

Well, yeah, I think if we kind of jumped down to the next question, though, we can kind of get the subtext for the first one. And they're asking, do collectors demand too much? And I think that's a great question. Because it seems like so many people these days are, they're very interested in the floor price. They're very interested in roadmaps. They're very interested in all of this stuff, which there is room for that. But I think they're also applying it to projects that that was never really the point of it, and are trying to force all projects to sort of be the same homogenous thing that they're not really meant to be.

Roy: 1:43:52

Yeah, there's a lot of I mean, just with the nature of NFT's, creators, and collectors can interact in a way and it's sort of can be utility baked into projects. And it's sort of gotten to the point where people just expect it now, whereas, you know, sometimes art can and should just be art and, like, the relationship between collector and creator, sometimes just ends that like you buy a piece of art, you have an art and that's something for you to appreciate, rather than to have put out and they don't necessarily need to give you any future utility, but perhaps some collectors in the current climate expect, you know, access to the next drop free air drops, right, all sorts of other utility. Yeah,

Jamie: 1:44:36

and just in general for like the artists to not even necessarily directly interacting and air dropping value to them, but behaving in a way that continues to drive attention and value towards these existing NFT's in a way that they don't really have a responsibility to, you know, know if you don't want the NFT for what it is, don't buy it.

Roy: 1:45:02

Yeah, it's like some people get angry or upset if an artist starts releasing more work and like floods the market with it. And it's like, well, they can do whatever they want. You bought their art. And that's sort of it.

Jamie: 1:45:15

And there was no they didn't say, if you buy this I promise to only release like one thing for the next six months. Yeah, ever. It's like the the scarcity that existed when you bought it is not something that was guaranteed to last.

Roy: 1:45:29

Yep. Agreed. Yeah, I

Jamie: 1:45:31

think there's there's definitely a lot of that entitlement coming along from people that are, you know, quote unquote, collectors, but really, they're like, want to be investors.

Roy: 1:45:44

Yeah, they see what some projects do in the valley that's created by some projects and sort of Hope slash expect it from old projects. Yeah. There's another part of the question, which is, or like to collect as dementia, much older creators underestimate what they're asking for, when they price at, say, a tank, a collection 4.5. So that sort of raising millions, and do creators, should they sort of have to deliver? And I think that's sort of kind of a separate question from the first part. Because

Jamie: 1:46:18

yeah, it's it's unlikely to just be art when you're doing Yeah, 10,000 piece thing? Because these ones are like, yeah, they're, it's never like a are to me, I don't think I've ever seen an example where it's just 10,000 prints of the same one work of art, you know, I've seen like, one of one hundreds or something like that, but never have 10,000. So all those 10k drops always generally seem to be things that are, are not really supposed to just be art.

Roy: 1:46:50

Yeah, they're like, a collectibles be the sort of these projects aiming to be sort of communities where there's value in the community. And then there's often a roadmap where the team is trying to use the money they raised to deliver on whatever they put in their roadmap, whether it's sort of creating a game, whether it's small drops, whether it's collabs, or merch or comics, or whatever, they promised that sort of what collectors ought to demand, because that's what was in the roadmap.

Jamie: 1:47:22

Yeah, yeah, I think people just need to look more at what they're told they're getting when they're making their purchase. And not expect more than that. Because I think that's that's where a lot of the issue arises is when there's just in their brain, it's implied that well, of course, you're going to do these other things to make this thing I bought more valuable. You know, I think I think kind of a lot of what happened is that people that got into NFT's early, were so consistently able to make lots of money, that you've now got a lot of people in trying to make that money. But it's just we're in a different time now that there's so much more supply. And there's so many more people that are putting out low effort projects, just to get some of that cash from these people that are are trying to make money just by because they're buying NFT's. And so you're sort of getting cynical gamesmanship on both sides of the transaction.

Roy: 1:48:33

Yeah, that's a really good point. Like, not only is the supply up considerably, but the the distribution of the demand is just made up so much more people who are here just to try and make money and so they've seen other people make money. Whereas if you go back six months ago, yes, most of us were here with a view to make money, but we were sort of attracted to it for more than the money sort of the tech and the just awesome pneus of it, which I mean,

Jamie: 1:49:06

and now make money on it at the time was so theoretical.

Roy: 1:49:10

Yes. Like, I I'm pretty sure the first couple of months of my NFT journey I did not make money, like most of the things I spent

Jamie: 1:49:18

so much time and money accumulating. artbox says stipple sunsets and elementals and the price just would never go up. You know, and and you know, now they're all 20 exes or whatever.

Roy: 1:49:35

Yeah, I yeah, like it was a different landscape. And that's not to say you can't still make money like we are still incredibly early in the grand scheme of things but it's just not the same. He can't he can't take the same approach as what worked six months ago or even two months ago. And apply that to now and think it's gonna work. Yeah, how to adjust and adapt so

Jamie: 1:49:58

different. Yeah.

Roy: 1:50:02

which is, I mean, it's not meant to be easy to make to make money, especially, especially

Jamie: 1:50:07

not the amounts that were being made. Yeah, that was a special time with special results. All right. That's, that's all our questions we've got, actually.

Roy: 1:50:19

Yeah, it was a while. That's actually in, like 70 minutes, which is a lot and not that long.

Jamie: 1:50:25

Yeah. Yeah. Twitter q&a. Right, let's, let's talk about your one eth challenge.

Roy: 1:50:36

What was that is proud of you for saying eth. Right. You definitely hit pause there. Yeah. It's sort of business as usual, similar updates last week, in the sense that not a lot has happened in the market is still bearish with gas is high. And it's really taking a toll on, especially the lower eth projects, which is largely what this this wallet consists of. So yeah, there's not a whole lot to update on I did buy a breakfast world. One of those breakfast sandwich things at public launch, it was point oh, five or point five, five. Just because, I mean, it seemed to me like the project was gonna be a success, quote, unquote, at least in the short term. It has a little the right ingredients in terms of seemingly a good team

Jamie: 1:51:31

ingredients. I like that sandwich ingredients.

Roy: 1:51:36

But you know, he just didn't sell out it. It's sort of a sign of just how bearish the market is. Open. Yeah, it's it's like 7000 minutes in total. And there's I think, less than 3000 Sold 2600 2700. Wow. Which Yeah, it's just everyone is afraid to miss things at the moment, I think used to be able to

Jamie: 1:52:00

sell like 10,000 Pickles. Shea.

Roy: 1:52:03

Well, yeah, I guess it's so like, the first 1000 free. I think I don't remember how many there were but yeah, I mean, not even that, just like 10 days ago, you could sell out almost any collection. And now it's yeah, the market sentiment has really changed. So that's that's a bit of a downer. Let's see. Yeah. Thank you.

Jamie: 1:52:24

I might see her first on air sneeze

Roy: 1:52:26

might be historic. Anyway, yeah, that's that's kind of it. Like the the wallet balance is in eth terms, like point oh, five. So we're very illiquid. And we're just sitting on a bunch of NFT's. Many of which I think are in good projects. But the market is just so bad right now that they're not worth that much the tone? Yeah. And they're

Jamie: 1:52:51

all relatively cheap. Bass. Yeah. nature of the project, probably. And those seem to be the ones that are easiest or the most with the with the high gas.

Roy: 1:53:00

Yeah. So it's sort of like a just a waiting game right now, where I'm waiting for gas to settle down and prices pick back up, which I think will happen for a lot of them. But you mean, nothing is a short thing. And in this space, and yeah, well, the total portfolio value is still at around to eat. So it's, you know, it's been successful. But we've definitely crashed down a lot since the peak. And maybe there's there that I should have taken more profits and remained more liquid rather than just during what is basically my strategy since getting into NFT's, which is funneling into JPEGs.

Jamie: 1:53:39

Yeah, it's hard to say. I mean, the whole point of it is to be investing in things and to grow it. So yeah, out of a word realize. Yeah. Right to realize the gains without having a plan of what to put them into. I don't know. That's then you're just kind of market timing.

Roy: 1:53:55

Yeah, that's true. Which I'm not about. Um, yeah, that's kind of it. What's going on with your abstraction layer project?

Jamie: 1:54:05

Well, another week has gone by another day worth of art. Yeah. No, not a day.

Unknown: 1:54:13

And I was going by like,

Jamie: 1:54:15

a day has gone by. Okay, we did record. Yeah. This is our first multi day recording as well. Another historic moment. Yeah, I just Well, you know, actually another thing about the project is that we started a thread in the two board apes channel of your Discord server. That's a lot of levels, the server and then there's a channel and then there's a thread. I literally didn't know about threads until you made this. But yeah, now there's a little place for people to talk about it, which is cool. But day 131 Specifically, I wanted to talk about because I just it it has had a really great reaction from people people seem to really like it so I'm very happy about that. I also liked it myself, but it was interesting that I I was working for a long time. I'm that day and I had that exact piece basically done four hours before I actually meant it. And I just like kept trying to do more and make things more complex or try different things. And I ended up with like, you know, seven different things that I was I was kind of thinking about, but all very similar, but that that ended up being my favorite one. And I was really happy with how much other people seem to like it as well.

Roy: 1:55:29

Yeah, I'm a big fan of it, too. I like the name as well climb. And you said before that you're not thrilled with the idea of naming, naming

Jamie: 1:55:38

them is such a pain. It took me a long time to do it. Like, sometimes I'll make the piece pretty quickly. And then I don't mind so much. But sometimes when it's like a struggle like that one was sort of being where I just I spent another four hours after I was already done, not realizing I was already done. And then it's like, the last thing I want to do is now have to think of a name for it at that point.

Roy: 1:55:59

Yeah. Maybe that's why you went with a simple client. Instead of you could really, um, Damien Hirst esque names. Is that fair?

Jamie: 1:56:11

Yeah. Yeah, that that was only literally when I happened to have like, just read that chapter of the book. I was like, I'm gonna name these some crazy stuff. But it's, it seems hardly applicable for a lot of mine in the way that it is for his stuff. Maybe? Yeah, at least for a shark in case in formaldehyde. That's, that's pretty different than what I should.

Roy: 1:56:31

Yeah. Do you know some of those elaborate names of the W head on trying to find one now?

Jamie: 1:56:36

The shark one is called like, no impossibility of your mind? Yeah, I think I only really did the one about us being like Stardust or some shit. It's like a very red picture. If you're scrolling back and be around a

Roy: 1:56:55

while we thought the bloody remains of stars.

Jamie: 1:57:00

Yeah, yeah. Yeah. A seven day. So that was like, right, when I was reading about how he names his stuff, crazy stuff, and adds all this deeper meaning to it.

Roy: 1:57:11

Yeah. I like I like the craziest second to it. Yeah, yeah.

Jamie: 1:57:16

It's, it's sometimes can be tough, because a lot of my stuff is fairly simple. And geometric. So there's like, it's hard to suffuse more meaning into it other than it's just, you know, form and color and you you like it or you don't? Yeah. But that's, that's about the updates for me for that project.

Roy: 1:57:38

Cool. It's been a pretty quiet week for those as well to those two projects. I have my NFT project as well, which I'll talk a bit about, it seems

Jamie: 1:57:47

like you've been very busy getting that getting those ducks in a row. Yeah,

Roy: 1:57:51

it's it's sort of all coming together. Now. I've been talking about it on here for the last few weeks. And I believe it was this week, I sort of sent out a tweet with just details on officially announcing what the sort of the two tiers would be, and what you would receive in return, which is not a lot. But ostensibly, what I'm promising is is effectively like a membership to the discord and even

Jamie: 1:58:17

more, we're not good at marketing. Well, they, you just said what they're getting, which is not a lot. That is not the way to market your project.

Roy: 1:58:28

Under promise over deliver. That's the thing, right? Yeah. I mean, if that is a thing, it's also at a point where I don't need to market it right now. I have so much, I guess.

Jamie: 1:58:38

Yeah, demands for it seems to be showing demand is good.

Roy: 1:58:41

Yeah. It's exciting. So like, I've I put that announcement out, I have been sort of curating the whitelist. So just to tell people who may not have seen the announcement, I officially have gone with the two price tiers, with the lower tier being point oh, three, three, priced open edition for two weeks. So unlimited mints, and this will act as sort of the genesis slash lifetime membership to my Discord. And it's sort of coming full circle where I'm thinking of just calling it Zen Academy. And the first thing that you get is, ya know, is lifetime access to the discord because, I mean, I was thinking, what am I going to call it just Zenica passes, and the club is like a membership? And it's just like, why not just Zen Academy lifetime membership? Yeah, anyway, so it's probably just going to be that and that's the point oh, three, three, tier. And then there's the more exclusive I guess, hyper exclusive higher price tier, which is 333 editions at 3.3 3/8. And for that one, there will be a whitelist because I don't want to public sale with gas wars and all that kind of stuff, but also. Yeah, it just sort of lets me decide who I want to To accept into the club and I created a, I mean, that can go both ways. Like, I could just end up. Like, if I was of the evil ilk, or whatever, I could just bring in people that, you know, created a bad environmental, we're just not gonna create a good community, I think I can give half them to my friends if I thought was gonna be a good flipping opportunity, all that kind of stuff. But obviously, people are placing some amount of trust in me just investing in this concept to begin with. So I think

Jamie: 2:00:32

just just so people know, I consider myself a very close friend of yours. There have not been offered one. So people do not need to worry about that. Yeah. And they fill out all the buying the at some of the cheap ones. Oh,

Roy: 2:00:44

yeah. Um, I will be giving some away from the high price here. Just for a few various reasons, like the the people that are working with smart contracts, they're doing the work for free effectively. So I'm going to give them memberships just as a thank you. And because they're smart people, great to have them in the group. And I ran sort of a charity auction thing a few months back, I think it was just after or while we were in Barcelona, which I may or may not have spoken about on the podcast, but I think I'd leave you doing and remember it. And I think it'll be auctioned off to NFT's and gave the proceeds to charity. And they went for I think the first one was 2.5 eth. And the second one was point o five. And I'll be giving the owner, actually one person owns both of them airdropping them one of these tokens. And yeah, by and large, though, most of the tokens will be available for sale via this whitelist. And I had to fill out a Google form sort of signaling the interest and writing sort of why they want to be part of this club, why they want in? And yeah, I got like, 1300 responses so far. And I have been sort of enjoying a lot going through and reading and seeing, you know, the types of people that are interested, and just picking people to join and be a part of this club and experience and project and all of that. Yeah, it's been fun. Yeah, I'm enjoying it.

Jamie: 2:02:18

Now. Do you feel like you're learning more about? About what it's like to actually, I mean, I guess you must be to make a project, but I'm thinking of like, the very technical side of it, like, how much in communication? Are you with the devs about what you want and the issues with it? And like, how they're solving them and stuff?

Roy: 2:02:38

Um, yeah, there's, I've got a couple of group chats on Discord. One specifically, literally just set up to discuss smart contracts with several devs. To that actually, like writing smart contracts and doing it. And then I brought another guy in to do the bug testing and right, like other tests, and then I have another friend who's a dev, and I'm just getting him to get another have a set of eyes on it. And yeah, they're finding, like, from when the very first draft was put up, that there's like whole bunch of issues and things that were missing. And so we talked about what we wanted to add, and then yeah, there's things that come up, it's like, do you want to have the ability to release more tokens in the future? You know, if people don't get on the waitlist, is there gonna be a public sale? That you want to be able to add more people to the whitelist? Do you want to be able to have like, do what you want both are the entities part of the same collection? So that when you search for open, see, they come up side by side or separate collections? So yeah, there's tons of questions and things that pop up that I wasn't as sort of aware of, or premature until I started this process of launch marine NFT. Yes, it's just cool and interesting. And not just this one, but like I'm advising other projects as well, at the same time. And there's lots of issues that come up that I'm learning about, for example, had a project asked me yesterday, if I knew what sort of the copyright laws or rules were surrounding, if they wanted to take inspiration from something from popular culture and create like traits based. You saw that tweet? Yeah, so I was like, I don't really know. But let me tweet because you know, if you have 100,000 followers, you just have a superpower basically, and I try and use it effectively when I can. And I got some great responses and ended up chatting. I had a video call with a lawyer from the US last night and we just chopped the hop chatted half an hour and he was telling me all about how it sort of generally goes down and obviously I advise the project to seek their own legal counsel. But yeah, it was cool to just sort of understand the gray area pneus of this whole thing, right um, you know,

Jamie: 2:04:50

so I weirdly feel like I have a pretty good idea of that but it's not really based on much so I'm I'm could very well be wrong about that. But It seems like you can't necessarily use trademarked logos. But other than that, as long as you're kind of saying that it's a parody, you have a lot of leeway is sort of the short answer of my understanding of it.

Roy: 2:05:14

Yeah, that's, that's part of it. There's sort of like the fair use aspect, which I think covers parodies and things like,

Jamie: 2:05:22

parody is like a very well established instance, where it counts is Fair Use. Yeah. Yeah, there's other fair use that isn't parody. But But parody really helps. Yeah, like SNL and South Park and stuff like that. Able to do so much stuff.

Roy: 2:05:37

I think that the the sort of like an issue where it's whether it is considered a parody or not, and especially with these NMT projects, that one of the things the guy was telling me, Josh on a call was, if there's any, you have to consider the likelihood of a consumer confusing your product for Like, legitimately released product, right? That brand. So if it's like, if you just draw Mickey Mouse or whatever, and you start calling it, you know, Disney, Mickey Mouse, etc. Obviously, that's not okay. You know, if you use like, just the E is as a trait on a project with nothing else looks like Mickey Mouse, and there's no branding for Disney and Mickey Mouse. And that's probably okay. Because not many people are going to assume that. You know, Biggie is not necessarily on the Disney.

Jamie: 2:06:29

Yeah, that's another interesting thing, too. We're getting kind of off topic here. But like, all bunch of that old Disney stuff was supposed to go into the public domain, because it's only supposed to last seven years or something. But like, somehow their their lobbyists and lawyers got Congress to change the law or something or make like a weird exemption? Yeah. For their properties. Again, remember the details of it, but it's pretty crazy.

Roy: 2:06:52

Yeah. That? Yeah. Um, yeah, so that's sort of what I've been working on my project. I'm hoping to launch. I mean, the biggest thing that we've been waiting on is the smart contracts, making sure that they're battle tested effectively, and so that there's no exploits. And that just takes time and work. And thankfully, that seems to be getting done. And within maybe a week, we can launch.

Jamie: 2:07:22

Yeah. And so the cheaper tier your plan is to just leave it open for like, one week was two weeks. No plan. Two weeks? Yeah. Especially time for somebody to figure out an exploit, you know? Yeah.

Roy: 2:07:33

Yeah. It's difficult, though. I mean, not difficult. But like, it is a Yeah, I don't want to make that point anymore. But

Jamie: 2:07:46

because like, if you're doing a project that has 1000 minutes, or whatever, and you're expecting it to mint out in an hour, like you can successfully hide the smart contract until then, it's going to be very tough to get exploited. Whereas this is like you really, really do want it to be very secure.

Roy: 2:08:02

Yeah, for sure. On the plus side, it's sort of there, like in the one of the worst case scenarios, if someone figures out how to min you know, a million for free or something like that. Because there are no like rarities or traits involved. And because the effective worth of the thing is just membership. I should be able to sort of just relaunch and like anyone who legitimately minted I'll just AirDrop them a free token and then just eliminate the you know, the access. Yeah. Yeah. So it's not like someone will have mentor extremely rare one. And I'd like taking that away from them and giving them a different rate

Jamie: 2:08:47

yet, it is a project that lends itself to lots of individuals getting exactly one. Yeah. 50.

Roy: 2:08:55

Although, interestingly, because it's in ERC 1155 gas will be low up, but also, I think the gas will cost the same if you meet one, or if you meet, let's say 100 in one transaction. So it? Yeah, it'll sort of incentivize it. Yeah, I think so. But I really do gas drops, because you don't

Jamie: 2:09:16

you don't get anything for having a second one other than the ability to sell it to somebody else. Like, they're, like you're saying they're not different and all that you're getting access with one, and you're not getting more access with two.

Roy: 2:09:28

No, there's no like, special tier if you have 30 that you get into another discord or another rate or nothing like that. It's just, yeah, just straight up. Access. And yeah, but there are definitely going to be other perks. Like I spent a good chunk of today sort of finding artists that appealed to me that I like the work of and I want a commission to create art, essentially for

Jamie: 2:09:53

art appeals, not the artist, right you're you're happily engaged.

Roy: 2:09:58

Yes, yes. Well, no, I mean, The artists as well, like I have been looking a bit into who the artist is and the background and that kind of thing. But so

Jamie: 2:10:07

funny.

Roy: 2:10:09

You, some of you. Anyway, it's been fun to sort of find cool new art. And just just the

Jamie: 2:10:19

possibilities. Yeah, you're linking me to some of it earlier today. I looked, a lot of it looked very interesting. And from artists that I had not heard of before you showed them to me.

Roy: 2:10:27

Yeah, well, once again, I just sort of tweeted out asking people to share their favorite artists, and then just click through a ton of ton. Twitter profiles and foundation. There's a lot of artists out there. Yeah. And yeah, found some cool ones, Rachel found a couple cool ones, and no, contact them. And yeah, I think again, coming back to the whole Zen Academy, branding concept idea. It would be cool, I think, to have several artists create sort of their vision of what this educational Zen Academy looks like, as just a piece of art. And then either AirDrop it to everyone or sort of create some one on ones and add them up just for raffle or something like that.

Jamie: 2:11:08

Yeah, you can do all sorts of things. That's, that's what's so fun about all this stuff.

Roy: 2:11:11

Yeah, exactly. There's so many cool, fun things that are possible. And yeah, I'm excited. Very, very excited. Very

Jamie: 2:11:20

cool. I'm excited for it as well. Excellent. And,

Roy: 2:11:23

yeah, it's possible that this time next week when we're recording, it will be live. But I would say more likely, it would be maybe seven to 10 days from now. Yeah, look for it.

Jamie: 2:11:36

Since it seems like it's it's easy to make an estimate and then just kind of keep finding ways for it to actually be pushed back. 12 hours and stuff. Yeah, just basically Better safe than sorry.

Roy: 2:11:47

Yeah, exactly. Yeah, that's, that's my project, which is finally going to be called Zen academy or some variation.

Jamie: 2:11:59

Yeah. Very cool.

Roy: 2:12:01

Cool. You are off to the board and your club party in a couple hours. Right. I'm

Jamie: 2:12:06

going to the party quite soon. I waited in two very long lines today. And I got my wristband, I'm wearing it right now.

Roy: 2:12:13

We should probably just reiterate that we're recording this current segment. 24 hours after the previous segments, less, less,

Jamie: 2:12:22

right? Yeah, like 18 hours, right? Yeah, the day after, but yes, it is the next day.

Roy: 2:12:26

Yeah. Jamie did get in line very early. Oh, boy. It's

Jamie: 2:12:31

a good thing. I said that too. Because my plan was to mosey on down at like 1030 or something. And then I woke up and checked my phone at like 815. And there was already people in line. I was like, Oh, shit. Yeah, already a lot of people in line. It's kind of crazy. Did you have you seen any of the videos where people walked the whole line? Yeah, crazy. It was insane. But it was also a lot of fun. Like I had. Yeah, I just basically was chatting with three other NFT people about our common interest and other stuff. For two and a half hours waiting in line it was it was actually pretty fun. I got to get coffee and bagels. And it was just it was a good time. Exactly. Somebody's going down the line with giant bags of bananas just hanging up and that's fine. It was also to like a lot of normal people being like, what is this? Yeah, and just like varying levels of us actually trying to explain you're an NFT is or not? Sometimes we just like it's for a fucking it's for a party tonight. Leave us Yeah. And they go NF... what is an NFT? Oh, well, it's internet pictures. It was it was a lot of a lot of that.

Roy: 2:13:39

That's fine. Yeah. Well, I'm looking forward to hearing your trip report after the event.

Jamie: 2:13:46

Yeah, I'm excited for it. I'm also kind of terrified of what it's gonna be like to have to wait for an Uber. When all of these people get off the boat at the exact same time and the exact same location. I think I'm gonna have to figure out how to do the subway without having the help of Courtney.

Roy: 2:14:01

Yeah, good luck. You are not good. Yeah. Life scenes.

Jamie: 2:14:08

That's a pretty broad insult, but fair. Yeah, I think I'll figure it out, though. Yeah,

Roy: 2:14:14

I think so. Yeah. All right. All right. So

Jamie: 2:14:18

do you want to do want to do like a little plug segment before we wrap this up?

Roy: 2:14:23

I don't really have any luck to you.

Jamie: 2:14:27

Um, I've been really listening to a podcast called Sean Conway gets happier. Oh, I think people could check that out. It's good. And it's basically a comedian talks to some scientist and some fellow comedians it one per episode. And they kind of just talk about what what is happiness and what do you do to achieve it? And it's, it's interesting and entertaining. So yeah, recommend that.

Roy: 2:14:54

I'm a fan of that too. So double recommended.

Jamie: 2:14:58

Cool. All right. This has been this has been Episode 13

Roy: 2:15:01

Yeah

Jamie: 2:15:02

Episode 13 of Two Bored Apes! thanks for listening

Intro: 2:15:21

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