Oh yeah, he's back, babe. What up? What up? Good morning. Good morning, GMG. Wednesday September 11th 2020 look at that another beautiful day to have a beautiful day. I got my Co host in the house whom I missed very very much, Tyler Mando. How you guys doing today? Great man, how are you? Good to have you back. I feel fucking fantastic bro. I woke up in my own bed. I'm eating in my own bowl, made my own coffee. I have my own water bottle. I love my little water bottle.
Worked in my own gym this morning. We are so back, staying at my own desk with my own mic. My, my, my. What's up, Tyler? I'm good also we missed you. So glad to have you back as well. And hey, I won some bets last night so we'll. Oh yeah, I think I want, I think I made money last night. I, I, I think I made good money last night too. Oh, look good.
I mean, I don't bet with much, but I think I made money last night as well because my biggest bet was, oh, yeah, don't look at it like 100 and something percent return. That's not that bad. We'll talk about it, I'm sure. I mean, it was a handshake for me. And I mean, like I went bigger. I I I put half of my, my, the, my, whatever money I had in there on the handshake. It was the easiest bet ever. As much as people hate each other, I feel like the handshake is like you have the handshake,
like it's like a thing. Yeah. I mean like it's, it's important. The coin flip bet of the debates. I just read an article that they had stopped shaking hands after 2016. I did more COVID. It was likely COVID influenced I I bet no. So I was I was in sham. Yeah, you got fucked out of that one. I saw I saw KBM also and deep, deep on on on no handshake. So but yeah, you know, you know, shaking hands is is in again. You know, we're we're 2024 now. We can shake hands after 20/20/20.
I think that's when it started again. So anyways, today under the show today, today, what do we got? What do you got? Bandos market report as usual, Amanda, we're going to need to know if it was it was all a dream the last couple days or if we're we're going back to zero. I'm back looking at the charts all day long. You know, the vibes, letting price action dictate my mood. You'd love to see it. And I mean, that's what it means
to be back at your desk, right? And then we're going to get to Tyler's top 100. I mean, September, it's shit's getting busy. So I'm sure you got a lot to talk about. We have a partner today on the show today, Troy Murray is coming to talk about what, what they're building with slap daps or DAP, slap, DAP, slap right? And then so they'll be coming on later. And then last but not least, we also have robot spins because we, I know we pushed some of last week.
So here's the deal. We're doing 6 for the rest of the week. So 2 today, two on Thursday, 2:00 on Friday. And this is not Bernie doing the spins the, the, the boxes. I'm back in control. Which means it's not a full of red guys. OK, punks. There's apes, there's red guys. We had the board ape. We had the board ape under Bernie's watch. But it was funny, like I, I went on the, I went on the box this morning, guys.
It was just red guys. And I was like, oh, you can tell Bernie was in control of the blue box band, so I'm back in control of it. And we have a lot of different collections alongside some pretty fire red guys too. So we have a little bit of everything, which is good. And last but not least, this show is powered. I'm being told that we have a show Bernie loves to see. That show is partnered with Galaxies. Love Galaxies. And no code Web 3 platform
empowers creators. Oh yeah, right now, right away and communities to become owners. Check out Galaxies XYZ on XA lot of XS Galaxies XYZ on X. But anyways, anyways, anyways, Oh yeah, I can't wait to hit that button. Hold on. Without further ado, let's get right into it. Who is the man? That called Daddy of the land. Can you dig it? GM everyone so.
We were kind of. I would say about two to 3% higher across the board when we're doing the show this time yesterday Bitcoin was at 57 K, it's now at 56 K Salon I think was at like 135. It's now at 1:30 and ETH was at 2350 is now at 2300. So kind of down to 3% across the board. All coins are slightly underperforming. I think that was mainly because the the the polls or at least the prediction markets are now having it back to 5050. Which?
Most people would interpret would be a less favorable outcome for for Bitcoin. We also had a some CPI dates today which was kind of mixed. It was the lowest inflation figure for over three years. That being said, some of the real wage inflation was slightly higher. I think this now puts a 25 bit cut as the easily the most likely now, but I do still think they'll be dovish when they do that cut. You also have the ECB next week. So you're going to have probably the two major central banks of
the world cutting rates. There was some continued strength in the yen. The yen is hitting kind of five week highs. It's it's almost hitting where it was at the start of the year again. So there's also been a little bit of worry about the the the carry trade unwind. I, I'm worried about that, but not like crazy worried about it. I think when it initially happened, you had a blow out in, in a bunch of different things.
And because crypto was the only thing open on a weekend, it got smashed up. I don't know if the carry trade is really terrible for, for Bitcoin while markets are open at least. So we'll see. We'll see what happens there. But yeah, some of the macro things are looking a little bit weaker today and that's kind of dragging us a bit lower. We've, we've gone lower. As soon as stocks open, really the Dow I think is opened up, open down around 400 points. So more uncertainty.
I think after that debate, I think the 5050 odds really just mean it's it's very hard to predict what happened next. And some people just decide that they don't want to play that game and they sell and and wait until it's more clear after the election. So I think that's kind of kind of where we're at. Bitcoins, it's important here. Like it looked like it hit, you know, a high low. We may have a retest here to see if it, it really did.
And then it'll be important to see where it kind of goes from there. I I'm all DCA in so I'm happy with this. Oh, right, right. It's true. You don't want it to RIP now. You don't want us to win anymore. For the next 30 days at least. As I said, I think we've got a little bit of a window here. Yeah. Election next month, sorry in two months. But I do think it will probably rally. So I think kind of a well flagged September volatility,
we've dipped. We haven't dipped as badly as stocks have dipped in my opinion. And I think the next big data point here will be the Fed next week or the ECB next week, I think, but not nothing anymore. Again this week on that side, there hasn't been much going on in in in L ones apart from the Ethereum foundation again has been coming out and selling E7. Not a huge amount, but it's like getting people annoyed. Solana hit a all time high for
daily active users yesterday. It's an all time high across any bot chain ever. So Solana users are really picking up at the break point. Merck came out. Yes, it was over with. Sean. What happened to that? Yeah, well, I don't know if it's coming from meme coins. I'm still a little bit unclear where it's coming from, but the that looks like Mert said there's going to be 5 major announcements this month for Solana. So expect to see quite a lot of stuff over the next couple of weeks.
Obviously Token is next week and Solana break point, so expect to see a bunch of different things around that. But he, he said five major announcements this month. So yeah, hopefully that. Leads Jakey also, right. Jakey's working with Solana Foundation clearly on like content and stuff like that, saying that Solana teams are are shipping and stuff like that. I mean, there's always a break point pump like historically, like there's always big point pump. Now what happens after?
We'll see if it's sell the news or not, given that we're September and historically September is probably pretty bad right before October. But you know, we'll we'll see where that comes from. But dude, like, you know, the speculation was what, like Fire dancer and then, you know, a few other things. Any of the other four I have. No idea, I've haven't heard anything. Yeah, So people, people can stay bullish on that. I think Solana has slightly underperformed today, but
nothing crazy. I I do think it's a little bit consensus that it's now going to RIP into break point. So I'm a little bit wary of that. But at the same time, yeah, I think it's, I think it's in a it's, it's still in a decent spot and there's less civil war like it appears to be an ETH at the moment, so. What's this ETH civil war going on because I obviously missed it. I know that they're relentlessly dumping ease. I mean, this morning.
I love this art chick tweet. All right, Vitalik, she goes. I understand it's charity, but this is tone deaf. ETH is under attack right now. Worst fight in yours maybe ever. And you're selling into a down trade undermines the progress of your supporters on this front. ETH holders are not a Piggy Bank for your altruism. What are you? What do we think here? What's going on? I do, I do think from a public relations standpoint, it's not it's not the best thing to be doing.
I don't think you should be self shaming like, but there's maybe just a time and a place, you know, Vitalic, they don't need these headlines. Just just like everyone should just say, hey, let's just let's just calm down for six months. Like every single thing we are doing is getting has got a lot of eyes on it at the moment. Let's just chill. That's the amount, right? Like it's like it's like 200. It's like 200. But it's just, I think it's just continual. That's all it is.
It's that it's endless, right? Hence you know. Hence he's. Got 600 million right of ETH, so $600 million worth roughly. So I think it's just, yeah, it's just a from APR standpoint it's, it's not looking so good. And I think ETH the main, the main debate at the moment is just our L2's killing ETH, you know, just a revenue standpoint. They are posting very few fees for the L ones compared to how much revenue they're generating. So there's a lot of questions
about how to deal with that. Bread Guy actually has been has been posting a lot about it and it's been getting a ton of engagement about it. Yeah, this one right, I think. No, he's been posting about it for the last month. He's, he's really in the weeds of the L2 versus L1 revenue dynamics. This is so free.
Go ahead, Sorry. These are people who want, you know, we really want ETH to succeed, but this is now becoming a bit of a a debate that I think the his main criticism is that the L twos were meant to increase the users on the L1 and that what they've actually done is drawn users away from the L1 pretty much every application and now
they're also taking the revenue. So ETH for example like base, you can say yes an ETH chain but it's using ETH as it's gas fee right now, but it could change that gas fee to being anything. And so ETH is increasingly becoming a form of collateral rather than 100. Percent. Anything else and that that's becoming an issue like for monolithic change like Solana, people use soul to buy things a
lot more. And increasingly the users that are being on boarded from the L2 are not really using ETH apart from potentially as classical in Defy. And when the fees are also not being generated by the L1 anymore, then it's a it's a big problem. Yeah. I mean, I, I think you really agree with you. I mean, Tyler, do you ever, do you ever take on that? Yeah, I mean, I think it's it's kind of hard to argue with what's happening right right
now. And like I, I'm not personally buying 8th to use it to to spend it. Just ways to I mean. You can just do it with USDC, right? Like it's just like you need a little bit of ETH for gas, not even much on, on most of these L twos, right? And then you can just move USDC around. You can move whatever you want.
So it, it's, I understand the argument and also the optics of them selling right now, especially if when there's general consensus that things are going to prices are going to be higher, perhaps in Q4 to the worst month to sell like that. That's certainly not helping things either. Yeah, yeah. And that's not the whole charity thing, but I think, yeah, you're probably right. You should probably take a chill pill here. Like at least with Solana Foundation that we know they're
always selling. It's just, it's OK. You know, it's we know about the inflationary stuff. We know they're selling. We've accepted. I, I, I, I I'm not kidding. I got a text from someone saying that's funny. I'm not joking. I think Ovie made a great point the other day, which is exactly how My Portfolio is set up is like he was saying something along the lines like I want to hold Solana but not Solana memes. I want to hold ETH memes but not ETH. And that's exactly My Portfolio.
Like yeah, a little bit of you know, I still have my little brain let because I love it and then touch it, but like, but you know, like on ETH, like I only want meme. I don't know what you guys but it's the only thing I use it for. I run a Solana meme coin so yeah I have a. Slightly different. I mean, you you. Yeah, that's different. You're you're a Solana meme coin Dad. You are, you are a Solana meme coin dev.
And I mean, also to to your point also, I am literally building on and L2. I mean myriad, myriad, myriad is built on L2, right? So, so it's it's it's different, but again, like. I think there's over saturation in Solana meme coins which which I is like. Impossible talking about this one. Right. You've. Called. Coins a day. It's impossible to deny that. And I I agree with that sentiment in general. I don't know if I want to own any meme coin right? Like do I want to?
It's not like mugs survived that sell off either. Like it's, it's down a lot, right? It feels like meme coins in general are under attack from over saturation. Though I do think that the Solana meme coins are slightly, sorry, the ETH meme coins are slightly older. There's less saturation on the chain, but it's not been great across meme coins for a while now. Right? Like it's it's, it's it's definitely just been like that. Interestingly, like D5 coins have come back pretty strongly.
Are they this kind of that a real resurgence in in D5 coins up about 50% in the last month or so and you start to see other coins with like actual revenue. So RLB is up 100% from from it's lows all that. So, so that that remains reminds me of kind of this time last year or if maybe more like 18 months ago, right where people were looking at buy the, the buyback ratios, the revenues of protocols. It's we've returned to bear market stats about like good
risk reward trades. I don't know how to describe that, but like it's very different than parabolic 100X rises is right. This looks like it's cheap on a discounted cash flow burn essentially. And that's that's very bear market. That's what I would say, I think. So many people started to also talk about narrative of like VCs and low float high of DV coins coming back.
I, I mean, but they're probably paid by people because there's like unlocks come in. So usually around unlocks you see a lot of like hashtag grant posts come up. But I, I saw a lot of that when I was in Asia. Did you guys see that? I'm seeing like a little bit. Yeah, I saw some of that chatter on the on the timeline, but not not a whole lot of people like actually buy them. I don't know, I feel like it, it's more of a narrative
floating around. Yeah, I feel like people are like trying to sell a narrative again, and then we're going to see just the resurgence of fucking meme coins again. It's going to piss everyone off. I'm not giving up on on the meme coin bags. I think it's it's harder to pick the winners, but we saw it even this week when Solana pumped 4% immediately on the back of it. A lot of the leading memes are up 20 to 40% and I still think that's going to happen.
I tend to agree with you. I I still think the meme game feels easier though just because there's less options. Yeah. Which is probably good for MOG, but yeah, I mean MOG got got hit pretty hard while you. Yeah, I did. Anyways, I guess we'll we'll see where where that takes us. Tyler, Tyler. Tyler. Our top story this morning, Crypto slides after Kamala Harris wins last night's debate according to most consensus sources, and she pulls ahead
slightly in the election market. CPI did comes in on expectation this morning. Mando mentioned that 50 bits the odds have dropped below 10% now, so it is looking like 25. In other news, PayPal and Venmo and its support for E&S when sending crypto, a major announcement there for ENS.
Trump's crypto product World Liberty Financial was called out in a House Defy hearing on Tuesday as potential for consumer harm, with the politicians noting that some had been harmed due to Tiffany and Laura Trump's X accounts being hacked. Finance partnered with price data provider Coin Market Cap to incorporate token unlocking investing information into its platform.
In protocol news, Magic Heat rolling out new incentives where users can earn that ME token plus a 50% diamond bonus simply for buying NFTS or ordinals with the ME wallet Mobile. So you need the mobile app for that one Bitco selected layer 0 as the official interoperability provider for wrapped Bitcoin, now $9 billion assets also now available on B&B and AVAX and Kadison. The Telegram game Telegram back in the news, they share new AirDrop details for their caddy
token. This is notable because over 35 million people have played this game, though just half of them, less than half, are eligible for the AirDrop. In NFT, there's a couple headlines. X copy is hot. Max Payne up 100% to .82 ETH. Grifters swept to 11 ETH and 280 ETH. One O 1 sale yesterday on BLAD on bad labor and then UDI, our our friend from Taproot Wizards, he introduced Catnip yesterday.
It's a new Bitcoin native token protocol that superchargers coins built on their OPCAT recursive covenants. So a bit of a teaser announcement there from Udi. We need Udi to save ordinals in ruins dude. Yes. We like only one man at this stage can while everybody's beefing about who invented Ordinals protocol, I ended up in the Twitter Spaces the other night. Just curiosity.
They were like beefing, like really heavily like Sonitus and like Rock Toshi or a bunch of people just all fighting about who invented or knows it was. It was actually entertaining, reminding me of 2021 when we used to fight between cats and dogs. Speaking of cats and dogs, you. Have cats and dogs? What a segue, huh? Yes, I'm pretty proud of myself for that one. Speaking of cats and dogs debate last night, so I had I was heavily jet lagged so I did my best.
I watched the 1st 20 minutes and then I collapsed and then when I woke up I was on my couch and the debate was done. It looks like Donnie T was was was doing had a good start and then wake up this morning and people seem to think the otherwise. So Tyler what what went down last night? Yeah, I think that's the right read. So Trump did start strong. Kamal, I think came out a little bit nervous that you kind of tell, yeah, she's not used to that, that stage.
But I think that kind of flipped as the debate went on. Kamala, I think folks have called her a tactician. I think she has a smart strategy. She came into this trying to goad him into rants and kind of veering off policy comments and bringing up things like low attendance as rallies, people leaving his rallies. That got him to start ranting, you know, about his rallies. And that kind of got him off some of his talking points. In general, I feel like he was a little more unprepared for the
debate than perhaps she was. I think probably because he's just, he's doing so many rallies, so many speaking opportunities right now. He probably just feels like he knows his talking points versus for her. She is is the exact opposite, right? She hasn't really done much other than the DNCA handful of rally appearances. I think she had much more at stake during the debate last night than than he did with respect to outcomes. But ultimately, I do think she
she won the debate. I think some of the rants that the Trump went off went off on did did hurt the the results for him. I think that the market is showing that here this morning. So the Poly market line who won? I mean, it was it was her odds spiked basically as soon as he started going on some of those rants last night, she jumped to like 95% favorite. She's at 99% here this morning to to win. I did not think that she would. In fact, I I bet that so I had skin in the game.
I did not think she. Would. I I thought Trump would still be ahead today in the polls. I didn't think the debate would be strong enough for a four points drop. And he did. He dropped four points. So she's up slightly in the primary election market right now. I think the reality is it is it is absolutely a cornflunt and no one has any idea this is a 5050 election right now. Somewhat notable last night after the debate, I missed this
because I did go to sleep. Taylor Swift came out and endorsed Kamala. I saw that some people said not, not a huge surprise. I think somewhat like some people, well, there's rumors that she was going to perform at DNC and then some were saying no, why would she do that? She has a lot to lose with, you know, such a huge fan base. She pointed to the the Trump campaign using that AI generated image of her endorsing him that was in her post.
That was clearly a mistake. I mean, maybe she doesn't come out and and make the the formal post for comma without that. But she did. And I don't know, as I'm thinking about how close this election is, like in some ways, I feel like nothing matters. People's minds are made-up. But on the other hand, like it's so tight and maybe everything matters. Like if that Taylor Swift endorsement flips 1000 voters in the a swing state, maybe that's enough. So I think it's hard to
underestimate anything here. But from a betting standpoint, it it was a fun one. I I thought I was rinsed so I had the handshake. No bet. It is like loses. And then like Trump right off the bat, he he for the mentions markets, he starts hitting like all the long shots like Springfield hit. I hit Springfield. I saw Springfield going, yeah. I didn't have I didn't have any of those long shots. So mine were looking rough. I did it. I end up pulling out a few wins. No one fake news.
He didn't hit border 15 times. He must have. He must have hit it 12 to 14 times. He was he was damn close. And then see some of these long shots. So Springfield hit, cat hit. Those are Marxist hit and they all hit like super, super quickly. Fraud hit. So yeah, a decent amount of those long shots on the comma mentions. Let me see, yeah, I'm not going to have these pull up. Artificial intelligence hit. Liar did not hit. That was a bad beat because she
said lies. Probably 30. 30 No, Come on. The liar didn't help. Jesus, you know what? What's up with this Elon tweet? Is it? Did Elon? Did Elon propose to have a baby with Taylor Swift? Is that what I'm reading here? Oh God I missed this did. You guys not see that I'm reading this right, right? I will give you a child and guard your cats with my life. I mean, we know Elon is, I mean, he, he means this, right? He is. He is trying to have as many kids as possible to repopulate
the world. He is a a loudspoken proponent against population decline. So I think he he's a man of his word here. I don't know how Travis would would feel about this. But yeah, an interesting choice there for Elon. Fine Taylor, you win. I will give you a child and guard your cats with my life. Yeah. So that was an interesting tweet. Nate Silver, he, he wrote up an e-mail last night. I skimmed it this morning.
I mean, he kind of went into his thoughts, but I mean, he's kind of confirming that it was a win for Kamala, pointed out some of the mistakes that that Trump had made. And ultimately, he doesn't think it's going to move the needle all that much. But he ended at 6436. Trump, it was down to 6138 yesterday. We'll, we'll see how the polls come in. I feel like it's his, his model will likely be a little bit
tighter. He also is kind of starting to admit that perhaps he was not giving enough credence to her, her DNC bump in the polls. So I think he's starting to walk that back. So we'll see what the models look like here at the end of the week. Yeah, well, we'll see what happens at the end of this week. What else, Tyler? What else? What were the top? Top topic lines Yeah, today. Yeah. I mean, it was a little bit of a quiet day on the Ooty comments on Catnet for our NFT audience
out there. So again, this is using the OPCAT recursive comments allows Bitcoin miners and those to enforce token rules natively. With catnip users are going to be able to enjoy features like partially filled orders, easier token transactions without having to split UTXOS ability to have bids. So it is bringing some new functions. It also enables on chain liquidity pulls and AMS, which should improve token usability
as well. This product is still under development and it will not be possible and available until OPCAT is live on on Bitcoin maintenance. So it's a little bit of a stay tuned thing, but but nice to see you know, UDI and team are continuing to build and improve
the experience. I mean, you mentioned it part of like while you're gone, ordinals were were in the chair all the debates and then I think we talked about this on the show a few days ago, but notably, no one was arguing over who created runes because because like no one wants to claim rooms, which is kind of a state of the of the market right now. We we had I'm hoping it's not our our final exit pump. We RSIC back on the show. I get pumped to 100 million.
It's back down below 60 pups is at like 25. That's. A lot. Next, next pump. We're selling it. Next time, next time we'll, we'll sell for sure. The ENS news, I mean, the the headline is pretty much the summary, but US users of PayPal, then they'll can now send crypto payments to ENS usernames thanks to this new integration. I think it makes the process of of sending crypto a little bit simpler. But I just in general that the take away is that PayPal then they'll keep pushing into the
crypto market. All right, try to make it more accessible. So like we, we always we always like that and we want to root for that. And the next copy is clearly 50s been chopping a little bit last few weeks. I didn't realize it, but I got I was chatting with anonymous last night and he pointed it out and man, Max Payne up 100% this month. Grifters back to 11 folks don't remember grifters had a run to
35 E last year during the bear. That wouldn't surprise me at all if those ran back up. I think the float in that collection is pretty low. I think you got a lot of diamond
hand holders. So if the NFTS start to turn around, if the XRP one O 1's are out of reach for most market participants, like let's just say it, Max Payne is kind of like on the on the low, low end grifters are kind of in that middle where you're like, you could sell a board age, you could sell a pudgy, you could sell a couple of Suzuki's and get a grifter only like 600 in supply. So it's an interesting, it's an interesting set ahead of a potential NFT winter. 100 per cent.
OK, love to see that. Listen, I I'm hearing that for the robot spins, I'm going to go to Troy in a second here in the studio that we have to get a code now. So we have our own, we have our own little thingy going on.
So the code today, the code today for the first batch of the $30,000 giveaways that we're doing is Marriott, as you can, as you could have guessed, honestly, Marriott MYRIAD go to rafflebot dot XYZ, connect your X account and then and then at the end of the show, we'll pick two people that will be able to come up on stage and and potentially win a crypto punk, right? You guys had a huge win last week with a with the board ape. Actually, we watched it was sick. So so so that was great.
So we'll see that. So myriad is the code rafflebot dot XYZ it's on screen right now. RAFFLEBOTRAFFLABOT dot XYZ to sign up. And then Speaking of myriad, I mean shit, we launched this after the show Monday. I I know it wasn't on on Tuesday, but you know, maybe tomorrow something I'll be able to go more into depth with everything. We get locks on the show next week and we can we can go we can dive deeper into everything going on has been a lot. Anyways, let's we want the. Deep dive.
We want the myriad deep. Dive Yeah, I want to I want to do a deep dive. Sadly, today's too tight, but maybe next week we'll get locks on and we'll do a whole deep dive with everybody on the on on stage because I really want we have a lot to share. But one thing's cool is that today we're going to hit 1000 users already, so that are that are entering so 2 days, two days already 1000 people left through
the platform. And so we're going to keep opening slowly, slowly, slowly until we can open USDC markets in about a month from now. So things are looking pretty good. All right, well, let's get Troy on stage with us. Troy Myers, Troy. Oh well, he's mogging looking. Hey, what? Tiger sign mother T-shirt? I brought it. You got the I brought it all today. This guy, This guy's is dressed like a meme coin.
You absolutely love to see it. That was the that was the go to, you know, everyone, all the teams said probably best move is just to beam it out and get everyone on your side for this. Yeah, that's usually pretty. That's a usually pretty smart thing to do. I mean, you absolutely love to. I mean, you literally do look like your PFP on online. So we're on video for those. Don't know. As usual. I absolutely love to see ya. You are definitely your PFP. That was actually, that was what
I was going for. I was like if I can like mimic the PFP then I've nailed the actual come to real life situation. I, I love that. Well, Troy, let let's, let's get into it. Thank you for coming up today. I mean, why don't you just start by telling us what Dapslap is? Or maybe like a little background? Yeah. So Dapslap is, well, I mean, I can give you guys a quick
background. I mean, so let's see, I started in crypto like 2013, got into Bitcoin, then was deep into Ethereum, launched AD 5 protocol called Barn Bridge. I was Co founder on that. That was recently shut down by the SEC. We went to like 2 year long investigation around everything and during that investigation we switched into building AI agents and AI backends and a lot of it was around the idea of actually having AI build like Web 2
applications. When we finalized everything with the SEC, we decided, well why don't we go back into actually building Web 3 Daps using AI and that's what Dapslap is. So Dapslap essentially allows you to launch a token, a DAO and a DAP on Solana based on a prompt. OK. That's a lot. There's a lot in there to unpack, so if there's anything you want me to go.
Into no, I mean, we definitely want to get into that right, 'cause you get into launch a coin, adapt and adapt and, and for under $2.00 in one click as, as you guys claim when it comes to that. So you know what, what did you mean by that? Like when you, when you, when you build all that? So like what? What's the purpose for you like to build all these things in
one? Well, if you, if you want to get into like a philosophical conversation about it, some of it really kind of comes from my experience of the ICO network or the ICOICO time, right. I thought that was probably the best for retail on return. We saw in the last cycle the best returns were really for the VCs. And this cycle it's kind of returned to retail, but through meme coins, right? So I was like, well, how can we bring those two worlds together, right?
So if you have an ICO that's, that is a meme coin that also has a DAP connected to it that is coded by an AI agent and launched into the Solana blockchain and then owned by that Dow. Then you have like kind of a new setup that we've never really seen before. And it's a fair launch token and anyone can get involved. And it's, it's kind of a return to to retail, right, to allow them to get in on these, on these new, these new setups.
So, you know, it seems like there's AAI component to that. So how does that work 'cause it says tank of liquidity is in depositing metora and controlled by the Dow and then AI prompt is sent to DAP generator. So how does this work? Yeah. So when you make a so if you if you go to the website, it looks a lot like pump dot fun. Yes, it. Does but the the big difference is is there is a field when you go to create a token that allows you to describe a DAP that you would like to see.
So an easy one would be like rock, paper, scissors on Solana that allows you to bet on what's going on, right? And if your token escapes the bonding curve, that prompt will be sent into our AI DAP generator, which is our we have a a loving, a loving God by the name of Lord Keck who will build you a DAP. He will code the entire Solana Russ contract for you, deploy it into the blockchain, and then also build you a front end for that Rust program.
We then have the Dow that collects all the trading fees of the token into a treasury and then the users can actually hire other devs to like build out the like build more features into it. And we also plan on like expanding the marketplace inside of the Dow on a longer term. So you can see it, you can see it right there. It's coding, it's putting a back end together, it's launching it so you can. See all that? Yeah, yeah. Oh yeah, yeah. You can watch it in real time. It's pretty.
It's pretty wild to watch if if you get it going. OK, OK, that's, that's pretty cool. So how's, how's, how's it been so far for you guys? Like when did you launch this? We launched like, oh, like like like a week ago. So this is the first. Yeah, yeah. Like so we had, so we originally had another website up that was built around like making AI build front ends for existing protocols. So if you had like like take Jupiter or Audius, like Audius is actually probably the best example.
If you were to take Audius and have like an artist come in and have them build a front end specifically for certain things according to what they wanted on the protocol, it would create like a player and it would create a front end and it would create like almost like a bespoke profile for for them.
The long term goal was to get to the point where we could actually build the Rust program and then launch it for them and then and then integrate the front end changes of like existing protocols into the program that's already there. So you can kind of think of it as like lowering the hurdle of devs like like technical devs, not like mean coin devs into the space so that anyone can participate inside of Web 3 and
provide value. Even if you have like a great idea, sometimes the hardest thing is to actually get people that will build it for you. And there aren't really a lot of AIS out there that will do that specifically for you. And what we did was we built an AI specifically for that. So, So what are some Daps that you you'd like to see built on there? Like what are some things that you think would work perfect work pretty well on that?
So in the current integration, I think the best stuff is probably a little bit simpler, right? So something like a like almost like meme meme daps. Someone has an idea of like rock, paper, scissors or let's have a drinking game or I don't know, like it's hard. It's you can come up with like a million. There's like everyone has like an idea for Adapt, but what it is out there I don't know. You're not for for epic. Yeah.
Like you're not, you're not going to be able to like build like, like if you come in and you're like, oh, I want to build like a prediction market that has like multiple pages and
everything. That's not going to happen right now, but you can come in and like be like, oh, I wanna do like a like a semi game where we can like bet with my friends and it will create like a a treasury and then the treasury will like like, like if you wanna like bet against your friends and stuff like that, Yeah. All right, got it. And then I guess like what's next for you guys, right?
Like you just launched last week, you're trying to get this thing off and going with some dabs and stuff like what's what are you looking for it next? Yeah. So I think the the next big moves for us is expanding the marketplace for the Dows. So the the fees that are being brought into the the Dow, allowing the users to actually like pay out and buy like services specifically for those Daps. I also would really like to see us take that front end editor integration that we had and
expand that for them. So let's say if you're a user and you hold the token, you'll be able to create your own front end for the DAP and then you'll get paid specifically for like what's going on inside of the DAP. So like you are kind of like, if you want to like put it in like a, a basic way, it's like, you know how like Uniswap Labs takes from the front end fees, like the user who created that front end would be able to make money off of the front end they
created. So it's, it's about like empowering all the people that don't have like a lot of technical abilities, using AI to empower them and then launch all these like new creations. Sounds good well look sounds fun sounds sounds pretty sounds pretty exciting for you. So let us know how things go there and if everyone wants to build some daps on Solana, it won't go using AII mean hit up Troy right? Is that the best way to? Slap some Daps, guys, come and slap some Daps, launch some
tokens. We got Dows ready for you like everything's there to go. So we look forward to seeing what everyone wants to bring to the table. All right, Troy, have a good one, brother. Thank you for coming. Hey, thanks for having. Me. All right, all right. Well, that was a wrap for the partner side of the of the show.