Yo-yo, what up? What up? Good morning. Good morning GMG Thursday, Woo. Oh. Oh yeah, OK, I'm back. I'm 100%. I'm 100%. All right, maybe 99 December 12th, 2024 four four. Look at that. Another beautiful day to have a beautiful day. I got my Co hosts in the house, Tyler Mando Sobby and the inflatable is back baby. What's up y'all? Good morning. How y'all doing today? Fantastic. How are you? Fantastic, phenomenal. What up Tyler? How you doing? I'm. Fucking fired up today.
Oh God let's go. Bitcoin broke 100K and literally all hell broke loose. The AI market hit ten billion, pudgies broke 100K and now every NFT is soaring. I think today hit me when I was doing the newsletter. I think today is the craziest roundup of headlines that I I've done in like two or three years. Well, OK, this is a big statement. You heard that man, though. Did you feel like that with tremendous this morning? Did you feel that too? Did are you feeling it?
It's freedom. You know what it is? It's a taste and the sound of freedom because that's what it's like. That's what it's like when America's back. Speaking of America, we've got an American super builder in the house here today. It's the bond. What's up, baby? How are you doing? I do live in the Cayman Islands, but I'm doing great. Dude. Saw Donald Trump, you know, open the ringing bell or opening bell. Ringing the opening bell today. Markets are up good. I think it's just crazy.
I was just thinking about this like I remember being anxious about the election just a month ago and it's what, six weeks since since the election and also feels like just four days ago everyone was like, oh, it's over. We got that nice little leverage flush.
But dude, we're so back. And I think the biggest thing too for the regulatory clarity stuff that's upcoming is there's so many cool products that can be used for crypto, like deep end gaming, etcetera, that now that these, you know, now there, there's no regulatory frameworks or hopefully going to be regulatory frameworks, we're going to see a lot more value
unlocked and created in crypto. And I think you'll see real builders like legacy builders that are building stuff in AI or distributed systems just have to use crypto rails. Like everything like even investing outside of crypto, I think is going to eventually have a crypto angle now over the next few years. And I'm I'm stoked about it. Yeah, yeah, definitely. I mean, you know, you had to move to Cayman Islands for a reason, right?
And I was actually just talking to logs about this like 15 minutes ago before coming on the show. I'm sure we'll get there. How a lot of American entrepreneurs were chased out and it feels like for the first time, it feels like you can kind of like it's starting to come back in, right. So we'll talk about that though. We'll talk about that. So anyway, stay on the show today, today. So we're on video, we're on
audio, we're everywhere. We've posted, posted broadcast link, come through, come vibe, come hang. I think this one's going to be interesting. I don't know, it's been a while, so I'd still be on the stream. I don't know if you're still out of pocket, but we'll see. You never know. It can come at any time. It can come at any given moment. But but we got the legend in the house. Amanda, what are you eating today? The burrito again. You're like the burrito King, like.
They just go give it to me just now. I love that. I love. That they have burritos and Portugal, the outlet. You guys make that stuff over there? Are you on the on the view there's a third world country as well? No, I just didn't know they have burritos there. Did I? We have. We have food. Yeah, yeah. That's not How I Met dude. I just didn't know there was no no. No, no, we, we have all the basic necessities, running
water, food. What he what he didn't tell you is that his wife had to go like chop the chicken out in the back and then, you know, and then just get the get the burrito. It's literally farm. That's how Mark Zuckerberg does it, dude. He's living life. Exactly. It's literally called that farm to table. Anyway, so the show today today market report as usual. Let's go to let's talk about market real quick anyways, you know up only that's what's up.
We're back in super cycle bear market's over Tyler's top 1,000,000 today because Tyler said it was the most exciting roundup he's ever in three years. So definitely make sure that he goes through some stuff. We got so big to talk to us. We're going to hang us. I didn't hear so be taking a bunch of the stuff that Tyler Mando going to talk about today. I need to know what you think about this whole AI stuff as well.
So because now we haven't spoken about it a lot, but I definitely need your take on a bunch of stuff. And then last but not least, so B is here to talk to us also about what he's up to with Zai games. You guys are absolutely cooking, man. The videos you've been post putting out this sentry note stuff, everything. I mean, Zai has been like, I mean, leader in in the gaming space, aside from the epic doc coin, of course. You absolutely love to see that.
And then last but not least, robot giveaway. It's 2 box spin day today, baby, So maybe someone will win a punk. And then before we get going, Oh my God, longest intro of my life and this show is powered by Galaxies. With seamless built in monetization tools, Galaxies enable development of sustainable long term communities, fulfilling Bitcoin's vision of decentralized freedom and independence from centralized control, AKA the people who also
powered Trump's NFTS. Speaking of the devil and also Fair Side network, every day we see people's wallets get drained, especially right now. Actually, Fair Side is about to launch the fair alternative to insurance for crypto scams. Check out Fair Side Network on X. If you get drained you won't get raked anyways. Mando up to you baby. Yeah GM everyone so strong day. The highest ever daily close for Bitcoin.
We closed above 100K. I think those two like big levered flush outs that we saw was like the main thing that makes us feel pretty strong here. Funding is very low. Stocks hit all time highs again yesterday as well so macros looking OK. PPI came in slightly above expectations today but nothing nothing absolutely insane. So you've got a Oh my God, this person keeps calling me. I may need to ask actually go deal with this. Maybe delivery, but the. Yeah, this is all time right now.
Just never have. The so so nothing from macros throwing off of course. CPI yesterday was kind of in line, which puts us in a strong position today. It feels as though again, the biggest sector gainers have all been in AI, but Solana has kind of clawed back and seems to be a pretty strong, a strong mover out of the majors back of up to 30. What we did see yesterday was Trump, Trump's World Financial bought a few different alt coins, chain link ETH. And what was the other one?
Yeah, Are they, and all those tokens are up like 30% and Ether's actually up a decent amount too. So people saw that as very, very bullish that they were doing that. I, I didn't really read too much into it, but definitely that caused a massive pump in the in those tokens. So again, some of those altcoins have had a very strong day. Wow. Oh, they have Jesus. Yeah, Yeah.
So those tokens plus the AI tokens are kind of the biggest, biggest I'm at. I need to go deal with this so I will I'll speak to you guys later. He. Breezed through it, but like the the headline like literally like the Trump team is buying our bags. So they bought $5 million of ETH Lincoln Ave. last night and like I just don't know if everyone and like yes, it makes sense like they're building AD 5
product on ETH. I guess it makes sense on paper, but I don't think we're ready for them to be actively buying and broadcasting their bias like this basically. So I don't know, I felt like it was a pretty, pretty big headline there. And then I think the other one I posted about this yesterday is that one of Trump's confidence, like Paul Manafort was at the Abu Dhabi Bitcoin Conference and basically saying that everyone is going to enjoy seeing Bitcoin
prices go much higher very soon. It's just another signal that like these guys are like actively bull posting Bitcoin and also like we can leads to speculation that like, like is the strategic Bitcoin reserve like actually happening? It's like sometime in the in the nearest future. So I don't know. I I got pretty, pretty happy when I saw that. Yeah, that's some some good stuff going on around the news. I mean, yeah, Trump's, Trump's This morning. I'll play the video.
Actually, it's kind of it's pretty bullish. And then Soby, I'll go to you after 'cause I'm curious to hear your thoughts because I know you and I have been talking this for years together behind the scenes, right? And now we finally have like a crypto, a pro crypto president in charge. So I'm actually going to play this clip this morning. You're embracing crypto. Different from the previous administration. Strategic Petroleum Reserve, Like for crypto? Yeah. I think so.
We're going to do something great with crypto because we don't want China or anybody else, not just China, but others are embracing it and we want to be the head. We're going to be ahead of AI. We're going to be way ahead of AI. And we've got to produce tremendous amounts of electricity. You know that it's unbelievable when you think that we need more what we already have. If you think. That's pretty for a specific industry, but we'll be able to do it. We have Lee Zeldin in charge of
the environment. He's going to be giving us very strong approvals, I think, and he's going to make sure everything's good and clean and proper, but he's going to give us very fast approvals. Love that. Also that peak lapel on on Melania looks fire. Anyways, Soby, what do you what do you what do you make of all this? I know you and I talked about
this a lot. You know, behind the scenes, crypto founder, crypto founder are being kind of chased out of the States and now it feels like you can, you know, almost do your thing again. What do you make of all this? Yeah, I think for for so basically this is what I guess kind of happened, right, Is you had Gary Gensler who came in and I think what people forget is when Gary was was nominated, everyone was actually really excited about him and thought he would be a pro crypto. Oh really?
Pick? Yeah, did he? I mean, if you go remember that time period when people from exposing yeah, he's like shilling Algorand. He also went and lied and see he's never used like Bitcoin and stuff. But then he has lectures where he says that he's, you know, holding and all this stuff. So that's I think that's the important context that people might forget in history is like Gary was supposed to be pro crypto. People were really excited about
him. I think what happened is somewhere along the line of somewhere along that whole journey, you know, Elizabeth Warren, who happens to have significant political capital amongst the Democrats, for some reason decided I'm going to go target crypto. Like this is going to be, you know, my next like thing that I do. And I think Gary looked to that and said, hey, I will be like her weapon to dismantle this
industry. And because of that, I'll get her political capital to allow me to be nominated for, I think there was saying the secretary of the of the Treasury, right. So that's kind of what happened. And you can see that like there's no way that Gary and that the SEC like actually believed in half the cases that they did, right? Like, yes, it was a different SEC, but they let an American
company in Coinbase go public. When you go public, you, you submit this thing called like an S1 that has a lot of your business plans on it. On that S1, they did include things like staking as a service, right, Which is what Gary tried to say was like a security offering or whatever. And you're not protecting American consumers or investors or capital allocators if you're going after a publicly cut like a public company that you allowed to go public, right?
These are people that people are buying this equity on the open market, whether they're putting on the Roth RA for long term holding or they're just a part of their portfolio in general. In addition to that, you have so many employees there, right, that have RSU as a part of their comp package, right?
And these lawsuits aren't cheap. Then if you also look at like all the scams that are allowed, like Gary was going around meeting with Sam Binkman all the time from FTX, the biggest fraud ever going right under his nose and and mind you did happen under a lot of our noses, right. But there was there was rumors that that he almost got a no action letter, which has only been like a few or like three or five, three to five no action letters ever submitted in crypto.
So either we're about to get like away with everything, just the regulatory capture. Now what you have is it's like, it's like night and day difference, right? Like now you have this idea that, you know, like if I'm operating in good faith, like they used to be, if you're operating in good faith, it didn't matter. Like the SEC would come after you, whatever. It doesn't care what what it's trying to do.
In fact, they've created a, they've created a phenomena or like a regime where like it was actually better to be a piece of shit than to try to be like, to build a real good business. Like it was better to scam as much as you can versus do everything the right way. Because I mean, I'm, I'm sure you guys went through this with like Mir you had for people that don't know like the way you launch like a token now is like you basically spend almost like 1,000,000 bucks and like legal
fees and all this stuff to get. Everything set up right? Foundation set up was a quarter $1,000,000 back in 2021. Yeah, it's a quarter $1,000,000. It's the foundation set up that's and that's straightforward. Quarter mil and we've spent $1,000,000 for sure since. Yeah, like I, I would be talking to our lawyers asking them, hey, can we do this? Can we do that?
They're like, they're basically their answer was like, we don't know, but probably not like you're probably getting in trouble because they'll just come after you guys. So it's just, it's the night, it's a night and day difference. And for, for us at least like it, it makes sense. Like there's some industries within crypto like defy and stuff where these people are like hardcore believers in the
technology. And you know, they'll people will build perp Dexes and they'll build all this stuff that like, you know, it doesn't take a genius to be like, hey, this might be like a red flag or like red level of risk, right, to build this. The problem that we always had. And this is the problem that actually is going to, I think going to help make gaming great again. And crypto is there's not for a lot of game developers that are just all they care about is building a good game.
It wasn't like worth the regulatory risk for them to implement crypto into their game. You know what I mean? And that I think is the is, is like the really interesting thing is like now you can have people that go like, oh, you know, even NF TS, I feel like a lot of NFT artists or a lot of gaming, like gaming artists are like, hey, I'll actually incorporate this technology into the product I'm building. Same with AI guys.
Now that there isn't a significant regulatory risk, and I still think people haven't figured that out is like the reason why there hasn't been awesome products or awesome games or whatever design is because the people building that stuff honestly don't care enough about crypto to have to go through a huge legal battle to fight for it, right? Like think about how many companies before Coindesk got all these Wells notices and got all these legal cases against
them. And Coinbase was one of the first ones to be like, fuck that, we're going to go fight this. To be fair, they also had a lot more money than other people. But yeah, I think a lot of this is going to change and and honestly couldn't have been a better outcome for the for this industry. Yeah, no, love to. Absolutely love to see that. And I think it's going to help a lot. I was talking to Ilan and logs I was seeing earlier today, you know, Co founders and Dustin Bosso, CEO and CPO.
And we were talking about how like for yours we're like chasing like let's say Asia this and that. And now I feel like there's like this huge like comeback to America for for for crypto companies. And I'll just quote here Maple Leaf cap from foliage venture. You probably know him. I wouldn't be surprised if they're involved with you guys, right? I don't know if they are, but and he wrote this morning over the past few weeks, LP has been asking me what I think about
Trump's election. He goes in short term. It is likely that the favorable policies promised by the US president and his new team will be priced in from December to February. The entire market will be extremely hot and and prices will peak in for the for the short term. But then he goes, I think that was not the statement. The bigger one is the golden age. The entire web through industry is about to be born in the United States.
The next four years will be a cycle in which American Web Two companies will come to the fore, the best entrepreneurs will enter the game, and the world's largest capital market entrepreneur entrepreneurs will embrace the industry. The long bull market starts here and there is no time for the industry to reach its peak. You want to be Max Long and there is literally no top. I love that. And then that's he's speaking my language there. Then he goes for Asia. This era should be both exciting
and frustrating. The former comes from the Global Entry, while the latter comes from the lack of understanding and support from the motherland. For Folius, this is a good opportunity to talk to them about his, his fun, et cetera, et cetera. And how good this is. Like, I don't know, like this had me like going this morning because I mean, this someone I got to speak to in person in Hong Kong. And I know that he's he's pretty, pretty smart when it comes to stuff.
But also like, I don't know, man, like this is super positive for space in general. Like regardless of people's thoughts on on Donald Trump, whether you voted for him or not, like the truth is, since he came in president-elect, we were all like, hey, will he like, you know, follow on his promises? And so far with the people it's put in place, looks like he is. I mean, Tyler, I don't know. What do you, what do you, what do you think of this, you know? Yeah, you, you're spot on.
I think there's, there's two ways I'm looking at one, companies who have been on the sidelines are thinking about moving to other jurisdictions like they're they're coming back or they are excited to now build a launch in the United States. Like that is a fact. A crypto boom is in the early stages in the United States. I, I firmly believe that. And then just from like a price action standpoint, like we, we had this mental model where we were going to pump to the
inauguration and sell off. Like if you're thinking about selling off in January and February at the beginning of a four year boom cycle, like what? What are you doing? You mean the 12 year super bull market? I mean, yeah, maybe it it could go much longer. It's like, why are you trying to time a a sell at the very
beginning? I just this never made any sense to me. It makes even less sense to me now because like we're, we're just the early stages of all of us. So companies are just going to start building now. Yeah. I don't think anyone's bullish enough. 100% no totally agree. So anyways, I think I think on the market side, I mean unless mentally anything to act to add, I think that was that was really it, right. So long as it So what two 30s, you know, E4000 Bitcoin one O 1 quickly.
So beyond that, what what are your predictions for the short term? I know Mando was saying pump into the inauguration, maybe a slight little cool off, but then obviously then then we continue to RIP Tyler just kind of made his what what do you what do you think? What do you think the market goes? Up. That's it. That's all I needed to hear. All right, perfect. Just stop. I like that everyone is like turbo bulled up, you know, to the poor Armando.
I don't know if you know, but Soby also joined the club, bought a match and watch. So you know, the signals are there. The signals. Signals are there no that that this isn't this is like we we've grinded it too hard for that to be a top signal. The next top signal is is probably going to be like when Amanda like unironically thinks about buying like a Township in Portugal or something. That's going to be this like
that's going to be the top port. Township, all these references to to Portugal being third world it feels like. But. Dude, we have townships. That's like what you call a town. Did your delivery come on like a carriage with the horses? So I said to go pick it up and. Look outside and there was two guys like breaking into my garden and I was like, oh, these must be the delivery. Guys, I need to stop. I'm moving there in January. What's up? Tyler? Were you going to add something?
I want to share this anecdote. So I was talking to our financial advisor yesterday and he's actually pretty anti crypto, doesn't know about it, doesn't touch it, doesn't even want to talk about it. And we were talking about maybe he's doing some rebalancing. He basically said with Trump in office, you don't want to sell any crypto. So I can't even like the anti crypto crowd see it like the signals are obvious and they're getting louder everyday.
And on top of that, this morning, you know, BlackRock says that up to 2% Bitcoin allocation is, is reasonable. So you have all the families that are, you know, I mean your family man, Tyler, I'm sure you don't gamble, gamble with the side of the money that's like to your kids and shit. Or maybe you do. You probably put your you probably have all your kids, college, pension funds and fucking fart corn right now, for what it's worth. You know. That you know what I mean?
Like dad, how do we get so rich? I just bought a fart corn and chilled. Anyways, Tyler, up to you. There's a lot of headlines, but I got to get the top story to the Pudgy Penguins breaking $100,000 for the first time ever. Penguin World Order is here, and guess what? It sparked a massive entity rally. We'll get to that here in a minute. Bitcoin also broke 100,000. All hell broke loose across all memes.
NF TS Ray Dalio said he prefers hard money assets like Goldman Bitcoin his major economies face of looming debt crisis. We had Trump's confidant Paul Manafort saying Bitcoin holders will be celebrating much higher than $100,000 very soon. He thinks at the Avenue Conference. BlackRock as you just mentioned saying 2% allocation of Bitcoin is reasonable. Then we had Trump's World Liberty Finance sparking an altcoin rally by buying EF Link and Ave. last night. Huge day for all.
The City of Vancouver passed a motion to become a Bitcoin friendly city and explorers potential use cases, and then Solana announced an 8 city takeover in the US in 2025 to help accelerate crypto innovation here stateside. In token AirDrop and protocol news, Phantom is now servicing Pump Fund meme coins within minutes of launching within the wallet, allowing users to view price history and incur progress and more. Shout out to those rectoring
purchasers folks. Officially reached a 10X on those rectoring class with the pump and Rep coin. Ubisoft announced the launch for its new Captain Laser Hawk game along with the free NFT Mint backpack, rolled out support for SUI on its wallet and then treasure formerly treasured out. They launched their own L2 via ZK Sync and it's Elastic Chain. So they're going to be doing some migration of games and NFTS for that and broader memes and NFTS.
Meme coin majors are green here this morning, most of about two to 5%. Peanut soared after the Coinbase announcement yesterday. The AI leaders are up 10 to 15%. That market cap is knocking on $10 billion right now. Griffane, Fart Coin were big winners on that list, but dozens of winners. And NFTS, folks, NFTS are back. We can finally say it, They are officially back. ETMT volume over $25 million on the day. All the leaders are up 10 to 70%, Doodles up 70% and a
massive rebound. Apes are up, the Penguins are up, Uzuki's are up, everything's up. And then Mochaverse announced a second Mocha AirDrop for Mochaverse stakers. Oh, then breaking news before the show. I guess anyone who attended Ape Fest woke up with $3000 in their wallet. There's an AirDrop? The fuck this monkey token to anyone who went. So if you went, go check your wallets. Check your wallets. You went to Ape Fest and you made three grand there.
Your fucking trip was paid for. Probably because it's so cheap to go out there anyways. I mean, I feel like we have to start with pudgy Penguins and NFTS here. Like I feel like it's only fitting that we start because remember that that didn't Jazz and Luca make a bet guys about the 100K floor, Jazz saying that no NFT will ever reach 100K again. And then Luca took the bet thing was the six figure bet there. So I mean, this guy's waiting on a lot of levels. So 100K floor, huh?
Yeah, hit 100K yesterday. So I think it's on the back of people find sitting down and doing some of the math on the Pingu token drop potential allocations and Pingu token was trading at like a 5 billion FTV on whales. Granted caveat super low volume, take it with a grain of salt, but just that number alone. People sing the magic eating come token come out at 5 to 10 billion FDV.
I think it has people's heads spinning a little bit and speculating about what the Pingu token could actually be. So how much is this for Penguins? I don't. We don't know the exact details, this is all just speculation. OK, OK. But folks are at 1 billion FTV, I I think it's around 23 K. So at 4 to 5 billion, now you're talking 100K per per big. Yeah, that's, I think that's, that's, that makes sense. I mean, there's 40 billion gifts shares from Penguins.
Like it's arguably the most proliferated NFT brand in crypto or one of the biggest crypto brands outside of it. I mean, Sobie, you were pretty early to the pudgy Penguins. I mean you're literally built like 1. I got liquidated on my pudgies. Am I my ladies? No. What? When? I think it happened back in like August or July. I think I didn't have. I borrowed against them to gamble on perps, and then I lost it all on perps at my friend's wedding.
And then I don't have e-mail set up for Blur. So I was like, Oh yeah, let me go get my pudgy out of here. And I'm like, oh, it's gone, it's OK. And then all my boys gone. You'll be fine. I see the Zai pudgy. You get. You see the Zai pudgy. I love it. I mean, you've been a you've been a fan for a minute, right? I know your friend Luca and stuff Like what? What? What's your estimates for the opening of Pangu? Let's let's make some calls here, boys. Like what does everybody think
Pangu opens at? I mean, I think it depends on basically what the I think it depends on what once we get more details on the community air drops, because I think the the the actual air drop to the bigs and littles, I don't think they're going to sell like everyone's so rich right now or like a bullish that I'd be surprised unless people were really hurting for cash or had multiple that they'd really
sell. But if it's like I don't want to just throw a random straight, but like if it's like clone X or doodles are included in that shin, those guys are down bad. They're probably down to sell some of their paying their tokens. So I think it depends on like the. Throws some strays. Like if if it's an NFT collection that's been around for a while that is down bad if I get some pain goo I can see that being like the cell like the cell pressure come in.
But honestly should be around the same price as Magic Eden's token. Interesting. What's that at now? What's that at this morning, Tyler? What are we looking at for it? Went sub five. That's like. Yeah, OK, interesting. Amanda, what do you think you mean, Tom? What? What's your what? What's your prediction here on Pengu? I mean these numbers seem high to me, but I I. I don't know. Like what? Why is this so much better than the ape coin for example? I mean, but but that's the
thing. Ape coin went to 26 bucks guys right but. Where is Ape coin now? Well, like $2.00, call it you give or take once I. Mean maybe it goes to yeah, maybe it goes to 3:00 to I, I, I actually just have no idea. But like maybe it does go multiple, multiple billions. I mean I can tell you the difference is 1. Like pudgies are seen as like Luca is seen as a winner. Yeah, and someone just called me the the Temu version of OSF and the SO.
Someone walked into our house in Miami, went to Ovie and went Sobie. And there was was that? Was that you or I? Swear to God on my mom's life some random person came in went to OB and went sobey and they were so excited to meet OB and I started crying. Anyways. I think like pudgy Sense minute is at all time high. I think people want it. They want it on the end. That's not the same as the Yuga brand. Like let's just be honest, right? They're doing well.
They're rebounding off of the bottom, but people aren't kicking and screaming to to break down the door to get into Yuga assets. Right now, no, I agree. I just, I don't know for five to 10 billion, like that's, that's high for a meme coin. Sure, my. Brother, you got to turn that brain off. Like we're talking like Golden Bull Run, like super cycle shit, like we're talking like, you know what I mean? Like. That's what Trump's going to buy, Pingo. Yeah, like.
My my experience of meme coins on ETH versus meme coins on Seoul is it takes a gargantuan effort to get a meme coin above a billion dollars on. This is true. This is very true. On ease, Once a lead is formed, you know that's going to be the leader, like Pop Cat has been at one for. Months. Right, absolute. It takes so much because there's so many new coins. So yeah, I agree with you. We're going to have a lot of blosseness.
But I do think I, I just think that any meme coin above one $1 billion on, on Solana, it is difficult. It's really, really difficult. Let me count on that one one more time. With, with, with. Well that's because they all have terrible terrible unit bias and BONK is the only good unit bias token on Solana. What is that 3? And it's at 3 billion. Yeah, so we think this flips bonk. Yeah. I think it. I mean, I think it. Can flip all three.
It. Can it can flip all the bad unit bias tokens because you can get billions of these. I, I have to say like I, I, I, I'm on team Tyler here for this one. Like I, I think like this is like a billion dollar open based on cult and everything that's doing well and I feel like. I didn't go to a billion dollars, I'm not saying. That what I'm saying it's like. And I'm, you know, I'm not, I'm not mid curve like I do. I'm just telling you that Solana Meatball is above a billion
dollars. Guys, I'm not just. Like, Oh my God, it's going to be there and it's there forever. Like people fucking eat this stuff hard. What do you guys think is a more popular character than the Penguin though? Like in crypto I feel like only Pepe and Doge are more popular than the Penguin. And maybe the milady, but I think the Penguins more popular
than that, right. So it's like I mean we all have these behind us, right, Like it's like I I think yeah, I don't know, man, I I think billion dollar open. I think like Soby said, like all the communities that are probably down bad like Sal, but I think that the collective thinks that's going to five to 10 bills. So I think the collective can take it there, you know what I mean? So there's always the question
of who's the buyer, right. And like for all the air drops in the bear market, like we couldn't answer that question. Everyone I know wants to buy Pingu if it's at a billion dollars or lower, like people are happy to buy at those and interesting. That's why I think it does go higher than that. 1.5 to 2 was my kind of mental model and now some of the pre market action has my maybe getting a little a little little more bullish on that. Do have a good pre market bullishness?
I do. He loves his AVO markets anyways. Just quickly, why is the code beta today? What the fuck seems. Terrible code. What? Yes, we launched, we launched the beta, didn't we? It's live now, so let's go with it. It's linking it up to it, yeah. Then it's time to marry. The article? Come the fuck on. OK, come on. Oh, come on Mike, come on Mike, come on Mike. Look at this. My team teaching me about my own shit.
He's right though. So rafflebot dot XYZ, rafflebots dot XYZ code is beta if you want to win a punk today. And by the way, peep the new Marriott PFP. It's. Gorgeous. Chat to mungo for that and by the way we have the the Penguin market so let's check this out so be you're going to love this like what we launched dude. So if you go to Myriad right, right now, we should we're going to do this with Zai too.
We got to do it with Zai. So we we have a special markets just for Penguins on their own thing. Yeah, it's and it's actually been like going very, very like the activity done is fucking through the roof. And just for having a pudgy Penguin, you get a ton of points on Myriad. And you know, if I were you, including my friends, I, I probably be spending some time on Myriad a little bit every day, you know, catching those points. Where are those points going to turn into? The points.
The points. This straight fed posting dude. Trump's America. What do you mean? So I mean dude, like, you know, I am in the Cayman Islands myself as well, by the way, so we should go surfing, leader anyways. OK, you're going to go swim. OK, I'll go be surfing Tyler, and then we'll get to Soby inside everything in 5 minutes here, Tyler. What else? What are the top top trends
going on right now there's? So many things, like I don't really want to get into the AI report because it was too much. It was the bit, it was the most I've seen in a single day. I think maybe we'll catch up on that tomorrow. I think an important trend and it's pumping my bags. I don't care. Like fartcoin is going viral and tradify and it's becoming too big to ignore. It's like the I'm becoming a fart Lord.
The, the StockTwits account posting the meme of the guy throwing away the intelligent investor and quoting the price of Hardcoin. That's just going to keep happening. Like the, the higher it goes. And it's just so it's just such an easy like engagement farm joke to make. And they're all in on it. And I mean, now it's at $560 million. It was, it was at 203 days ago, 400 like four days ago. It's 3X off the bottom more than that. That's when it started going viral, I felt like.
Yeah. Comfy and goat so I. Think the the big thing happening. So AI16Z is now over 900 million. So like we're seeing, we're seeing like the utility and infra place actually. And then if you're up to, I listen to direct radio with the the bank list AI lead. Team was pretty. Good. And like the liquid funds are, are it's obvious they are focused more on the infra and utility place. And I think it's a little bit easier to write underwrite, right. It's probably a little bit
easier of a pitch. So I think those are all levelling up and it still doesn't make sense to me that virtuals has worked 2 XAI, 16 Z. So I think that's an obvious catch up trade. Virtuals is. I don't get like no one's even using it anymore. Because AUI is impossible to fucking read. Like no, you get to. See it from the June, right? It's like I I don't understand why that coin keeps on hitting all time highs versus what's been going on there.
Maybe Coinbase rumors. I don't know like there's also that like it's a base product, it's a protocol. So maybe it's not really doesn't. I don't know. I I don't know, I don't know. But whoever's out there, if you're making money on four coin, just rotate the goat. Give me a little. Give me a buzz. No just to goat buy goat please I just right so we the only one that buy goat right? Dude it's actually crazy that four coin is goat beta and it's
flipping goat. Is that like one of the first instances where like the beta flips the alpha? But it's not. It's not beta, though It may have started as beta, but it's not beta. Four coin is alpha. I don't think people know. I I think the people buying four coin right now, I'm not aware that it's it's an AI coin. That makes sense. Though but it's. If you see from stop twits, you're not going like, Oh yeah, this is. It's not, Yeah, yeah, meme coin. It's a meme coin, right?
It's a meme coin, hard coin. It's not tied to any LLM Super agent, and it's not tied to any of the grift, which is why I love it so much. So what's your take on the whole AM meta? Dude, so I actually, I have two friends of mine. One of them is like MIT 10X engineer, like literally working at AI startup in SF right now where they're like fixing CAD CAD is like the 3D modeling software for like industrial use cases, etcetera. And I sent them both to Ribro and virtuals and and AI 16.
He's like, this is all fucking redacted was his take on it. He's like none of this is like proprietary at all. It's all just GPT wrappers. So I do think like my my this is my mid curve take two because I did I didn't necessarily fade everything. I just was been been busy with like work and then I could I didn't buy far coin at 1 mill faded virtuals at like 8 cents. Wow, Zeribro. I actually like been listening to the album.
I actually think Zeribro was like pretty cool, but faded that to that like, yeah, but I don't know if like the Asian framework stuff that like from my understanding, and I have to be honest, I haven't looked that much into it, but it's like there's Wise or Pyz or whatever it is like the framework that Zaribro's putting out. There's like the ELISA framework that AI 16 ZS put out and then whatever the virtual one is.
To me, it feels like these the market is pricing these things because they think they're going to be like infrastructure for for tokens, but like none of these people are using custom LLMS or maybe they do let you use custom LLMS and you're paying for data storage or whatever is the cost that they mentioned to me. But I do think AI agents are the future. I just don't know if this first iteration of stuff is what the future looks like.
Eventually I think you're going to see some guys that go like, oh, holy shit, I can go like build an AI framework, building the public, have good token distribution, not be a scumbag and like get a liquid instrument listed and like be worth a lot of money. I think like the AI agents play
except like virtuals. I think what I will say about them is they have an interesting live rule with their token, like where the token is like used to mint a bunch and it burns a bunch and there's like a lot of revenue that they're building like throughout the token. So I do think that's cool. But like Truth Terminal is interesting because it's made, I saw Mando's tweet today, it's made like $34 million in two years. You know, I, I remember like month 2, excuse me, two months. My bad.
Two months feels like two years. 100%. The, I think Sam Altman or someone, one of these AI guys was like, I wouldn't be surprised if you started seeing AI agents become like millionaires. And, and as far as I know, the first AI agent that became a millionaire is Truth Terminal, right? So you're seeing all these like thesis is that the AI think boys have like only really play out in crypto. And I think the the great AI bull run is going to be when you
have all the AI guys. Dude, there there was this fucking thing that came out from when the Elon Musk and like Sam Altman lawsuit thing that's going on right now where open AI, open AI wanted to do an ICO. Yeah, right. So I do think like if open AI and Sam Altman like shift the Overton window on crypto no longer being a scam and crypto AI becomes a thing, you get all these giga brains to come in, you'll see stuff that is going to be way sicker than AI16Z and
virtuals and all that stuff. But I do think the AI stuff is worth paying attention to. I also do think just a caveat, my friend that I was mentioning is like, those guys are like really smart, but they're notorious midwits when it comes to making money, right? So you got to take a little bit of that with the grain of salt. So bullish on it overall. And and we're about to start doing some, some AI agent stuff down the line too, but it's going to take take some time.
I love that. I mean, you know Elon kind of stole your company name with Xai. Pretty sure you had Zai first. I'm just saying don't, don't ban us, you know, but just just saying, you know, you can't spell Zai without AI, you know, it's. True. So he raises a good point and frog that's kind of like I admitted this and we were talking about making 12 month bets. Yes. It's hard to make a 12 month bet in this current AI sector just because the reasons, he said.
Because bigger players could come in and just, you know, shove everyone down. That's actually the bull case for GOAT, right? Is that that goats? That's that's kind of my thesis of it all. Like you saw Google yesterday released their whole Google released their whole AI agent framework yesterday. I don't know if you saw this. Wow, that's. You. The Google stock at all time highs yesterday because they announced like 10 different agents always can do stuff on chain.
If you if we think that the current guys, which are kind of niche off, I know like you're going to see huge people come into this space is basically what I'm trying to say. CZ just made another tweet about AI just now. Which? Have prop tech, not open source tech and they're going to come and get involved in crypto. Like I think this is where I agree with what Sobie's saying is like the the infra argument, like let me just put it this
way. I would be shocked if in a year's time, the things that we consider the infra right now are still the infra then I think Eliza. Because it's been forked and it's unbelievably popular, but I very much doubt that a lot of the other stuff will be used infra for AI agents. That's, that's just kind of my
view. I just think we're going to have like even yesterday we have we even the last week we've had Griffane came out yesterday Ark came out, which is like another one, which was like you're going to have very well funded teams here with more with their own tech come in. I think we're in the two loads and I also think the exchange still getting on the ACT too like.
Oh, dude, that's a really good point is like even for us, like I've spent so much time and effort doing all this fucking abstraction shit for, for Zai, for like the games and over time, like imagine if you could go on an exchange. And like, I think like for for Coinbase, for instance, Coinbase right now is trying to get as many users of theirs as they can
on base. Or if they just created a prompt to text transaction framework right where like, hey, buy me whatever, buy me fucking well, I don't know what the hell is on base. Buy me some virtuals or buy me whatever. And you don't have to ever leave
the Coinbase website. Like there's another group that I know really, really smart founder like built was founding CTO of $150 billion company in Web 2 that they're building custom LLMS, partnering with NVIDIA, like custom LLMS from the round up just to build for crypto. And we're, we're trying to work with them, but they, they are, you know, people like you're, I'll introduce you to them too. But like those guys I think are going to absolutely cook.
Like the amount of really hyper intelligent people that are building this stuff is like Mando said, it's only going to increase. The smartest people in the world are building this and we, I feel like we're throwing our money on the first people who did it in crypto and there is novelty to being the 1st. But I don't think they're going to be the best teams over time, particularly as you said, they're just rappers of other people's models at this stage,
right? When the people actually come in with their own model, their own foundational model, is when things can really be like, all right, this person's got them. I mean, read that thing I just put in the chat on TechCrunch, right? Google unveiled Wednesday a first ever AI agent that can take actions on the web, a research, research prototype from the company DeepMind division called Project Mariner. Like they did a whole, they did a whole presentation about it all yesterday.
Like. All the major tech companies funded with billions trillion dollar market caps are now going to come in and create their own agents. I don't know if we're going to be using. I don't want to cheat on any names, but like, yeah, I just think that we're about to see like unbelievable levels of competition to this. Yeah. Like AI random AI agent, reply guy, random AI agent that does podcasts, whether we're like, oh, that's just it's going to be
so hard to stand out. I think we're imagine if you have like a, a Moat of some kind, perhaps like the data. So like AIXPT, as I understand it has been building this crypto data repository and that's what it runs off of, right. So like if it does have a very strong repository for that, like I don't know how difficult it is to to to remake all that and and I'm not. Data store.
From my understanding, like the big one of the the two biggest costs for these models are the actual compute costs for like running like the the LLM and all the tokens for it. But then the data storage is where the other cost gets
really, really big. And so the Mando's point, like the best, the best it's possible at the best AI agent frameworks have such a high cost of capital to I guess to maintain or run that unless you've already invested in a like, dude, Google has fucking more money than God, right? They've invested so much money and to like these data centers and stuff like it might be, it might be a thing where like you need to like really well capitalized people to actually
run this stuff. Because right now we're still in like the first inning, right? Like I think you mentioned earlier, Tyler, it's only worth like 10 billion. Like AI and crypto should be like one of the biggest categories. It should be like a 500 billion plus category in my opinion. Agree. No, I I agree with that. Listen not to cut this conversation short because it's great, but I definitely want to get into what you're up to. So be here.
But first I want to play this video that you guys posted because it's really freaking good and I love it. Houston, are we? Are those affirmative? We are clear systems are stable. Hard to believe how far we've come. Time to enter the new frontier. Godspeed. Friday, December 13th 0.0143 Houston are you? Seeing what I'm. Seeing dude, this is fire. So Sobie, what have you been up to dude, because Zai games is absolutely crushing it.
I mean when it comes to like gaming sector of this industry, you're in total control here. So what's up with the sentry note sentry keys, everything all going on? Tell us more, baby. Yeah. So obviously we kind of we created like a new primitive to boot shop some of these roll up networks with like the nodes and that went really well for us earlier in the year and earlier last year thing around our puzzle actually.
So one thing that we noticed is because our old business thing is we have an interesting framework, right? Like our interesting flywheel. Our flywheel is this is like you buy a node, we take the, the node and we the revenue from the node we buy. We, we sign games. When we sign a game, we get a Rev share and we get like tokens for airdrops for our community, which goes to the node holders.
And then we'll eventually be using the, the Rev shares as well to go and buy back some of the token. Now what the issue became, just to be transparent, is like we do have a solid amount of node holders all over the world. They've spent a lot of money on them, but there's only several thousands of them, right? That's not enough to actually make this why it will happen. And now like nodes are going for like a few 1000 bucks. That actually limits the
distribution cycle a little bit. So what we decided to do is almost like fractionalize the keys. So now you can go buy a key for like 50 or 60 bucks, whatever the I think it's like $56. What the mouth comes down to, which is about how much a gamer spends on a new game. Anyway, what you'll get, I think right now the APY per key is like 80 or 90%. Don't quote me on that, it could be wrong. Just disclaimers on all that. That's just from the Zai rewards.
In addition to that, you're going to get air drops. And then we're also working on a new meta that I think is going to be interesting of like notify with the meta St. guys. So this way you can you can sell future yield like you can Pendle your notes. You can like sell future yields, sell future air drops, borrow against, etcetera. And the way to think about it is like an air drop battle pass, right? Like it's a battle pass that's going to pay you to play games, but it solves 2 problems for
everyone. So one problem that it solves for us is the distribution side of like now more people can participate in this flywheel and we can kind of correct. I'd say a mistake that we made in terms of, you know, right now, like before fractionalization of the keys, like a key cost like 5 grand. Do you like a gamer's not going to pay that right? So we're, we're fixing that aspect of it. And then in addition to that, the biggest problem for games right now is getting tokens in
the right people's hands, right? And if people are running, you know, people are holding keys and they're playing these games and they're high quality users and earning these points. Like it makes it easier for a game to go like, OK, you should get a sizable AirDrop for what you're doing, right? And so now we can start building this distribution gut like weapon basically, where you can just point it at any game and
increase the success. And even without this engine being fully running, like Rift Storm, one of our flagship games is trending number one on Steam when they did their play test, which is like pretty hard to do, you know what I mean? And right now Valeria just went live with their played AirDrop
campaign. They're doing a two and a half million dollar AirDrop. And then we have like Plan X going live and we have a few other games that I'll tell you on from private that we're about to close that are pretty big games that people are are stoked about. And again, we also were the co-authors on like the $250 million GCP arbitrary gaming fund and we're going to start allocating some of that stuff there too. And some other exciting stuff we're working on.
But dude, I think crypto gaming is going to be one of the biggest kind of contrarian bets. I think it's going to come back pretty strong because you have so many strong products and
teams that are launching. And what I alluded to earlier in the in, in the, you know, spaces or whatever was the regulatory uncertainty stuff is going to actually allow us to go evangelize some of the best game talent in the world and actually have them come build games in crypto because now they don't have to worry about fucking going to jail for the SEC and stuff. And that I think is, is a major
value in lock. And, you know, just historically, consistently, like Zai, we've always kind of punched above our weight class, right? Like you only ever raised like 7 million or 8,000,000 bucks total in venture funding finance day, $145,000,000 note sale, huge AirDrop to our community, over $290,000,000 in rewards distributed to the community so far. And yeah, we just want to keep, keep doing that, keep
performing. You know, we had, we had, we had an accelerated vesting schedule that front loaded a lot of stuff. I think our last big unlock is this month or next month. So everything's just going really well. And the keys go live tomorrow around 6:00 PM, You know, 60 bucks. I there's, you know, if if someone's interested, reach out to me, I can get you a referral code, stuff like that.
But yeah, I think what we're building is, is one of the best flywheels in crypto and it's going to cook. I love that. So it's going sentry SENTRY, the Zai XAI dot dot games. So this is super exciting. Wow. So if someone wants to get involved with Zai, it's that's like pretty much the easiest way, right? Yeah, there's. A lot of new people in the space. So it's like it's, it's pretty much the easiest place to come and like support what you guys are doing.
What, what else is up for with you? Like what's the the thing you're most excited about for next year? Dude, the stuff I'm most excited about I can't even really talk about, but I what I am really excited about is just getting really awesome games on our chain. Like we've done a really good job so far building a good reputation between our games and and stuff. And I think like for me, the biggest thing is like, if I wanted to make a bunch of money, I honestly wouldn't be doing this.
Like it's just so fun to be able to play games, sign games, help games be successful. And it's like games are just such a thing that were like so near and dear to me for most of my life. And I don't know, I think the opportunity here, the way that I viewed it is like we're going to build a gaming empire over the next few years, right? Like we're very well capitalized.
We're very well positioned to do that and having the opportunity to go and build awesome indie games and sign awesome indie games and, and show people with the magic of crypto like that's, you know, it's a dream come true.
And some of the stuff like, I guess like the thing that I'm going to be most excited about it is like when we really figure out, when we figure out how to like thread the needle, if you will, with some of these AI agents and stuff, because I think AI agents and games are going to be really interesting. One use case that I've seen from the ARC guys, which is is when's the AI arena, like the AIAI agents has player liquidity.
So what that means is, you know, like for for instance, when you were playing like Fortnite during the bear market, like I remember you'd always message our group chat like, hey, does anyone get on? Yeah, Fortnite is like the biggest game in the world. It and it even then sometimes it'll take a little bit to queue. You know what I mean? It's the biggest game in the
world. Now imagine if you're some random game that's just starting or launching and people won't play your game because it's a multiplayer game and it takes five ever forever to get like your Q field. But what if you could play with AI agents that were of equal skill, right? And you could and they could. These AI agents were also trained on the things that you were like, like, what if you were fucking talk? You're playing with the AI agent.
You don't even know it's an AI agent that's talking to you about the Habs game. You know what I mean? And you're like, oh, damn, this guy's like actually pretty cool. I like playing with this guy. And that I think is like a really under discussed aspect of it is AI agents in games. And what that means is like, it's so hard for games to get like escape velocity of having enough players, but what if you could solve for that problem, right?
Where you could solve for that user experience, that player liquidity side. So that's just one use case that I think is pretty interesting. But there's there's tons of other other use cases out there. And that's this whole idea of like, I think what the metaverse was, right? Remember, remember that whole yeah, meme?
I think we're going to see what people thought the metaverse was going to be actualized via AI. Like I think the problem with what the metaverse idea was, it was so dependent on UGC and it wasn't like ubiquitous. There was so much effort and time and stuff that needed to go into this stuff versus and two years from now you were like maybe two years is a little as a little liberal. But we're eventually going to get to a point where you can just type in a fucking prompt.
You can type in like make Super Mario Brothers, but Mario is a epic duck and the whole game will just be fucking generated for you in like 10 seconds and you can just play it and then that's going to be sick. Yeah, no, I agree. I love that. Just reminded me that actually haves off a home game tonight. So I haven't been to a hockey game in a minute. He just reminded me that maybe I should put a cheeky bed on and go check it out. All right, well, dude, this is exciting.
So it's tomorrow century that Zidal games check it out. If there's a gaming team you want to bet on, look, obviously like, you know, we're we're we're advisors. We've all been involved with Sobey for a minute, but there's a reason for that. And I think that he's by far one of the smartest people I know in my life.
So check it out 6:00 PM PST right yeah 6:00 PM PST it's at 2:00 AM in the if you're in the UK Mendo, but you guys will be fine and then and then check it out 11:00 AM in Korea so century the zydog games come and get involved with arguably one of the best founders in gaming anyways it's giveaway time y'all it's giving time, so be going to stay. You are lucky charm today it's giveaway time sames. Let's bring it on the board let's bring on the board.
What you have to retweet today is an article about myriad. So if you're curious about what we're building on the Marriott side, it's a nice article just came out and you definitely want to check it out because fuck, man, we're so busy. Shit, fuck. Anyway, Sims, let's, let's get this giveaway going. We have a go to. We have a GTM call right now.