FOMO HOUR #50 - JOINED BY SNOWFRO - podcast episode cover

FOMO HOUR #50 - JOINED BY SNOWFRO

Jan 31, 202450 minSeason 4Ep. 50
--:--
--:--
Download Metacast podcast app
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

FOMO HOUR #50 - JOINED BY SNOWFRO


Jupiter airdrop goes live today. JUP pre-market volume hits $35m, $6bn FDV. NFT sales fall 36% in January. Creepz rise ahead of Portal TGE. 3AC grail art pieces sell at Sothebys.


Bitcoin rallies into monthly close, alts soar. ETF $250m net inflow, Fidelity outweighs GBTC. ETF inflows may accelerate into the next fee waiver. 3% of BTC now owned by ETFs. Valhalla FUD after mechanical keyboard ‘utility’. Quantum Mice derivative on SOL does 10x. Quantum Cats mint gets delayed. Magic edens multichain chain wallet goes live.


FOMO HOUR brings you all the latest news, updates and headlines from around the world, inside and outside of the Crypto, Blockchain and NFT markets. Join hosts Farokh, Mando and OSF as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:30AM EST to 11:30AM EST on YouTube and X!

Transcript

Yo-yo, yo-yo, what up? Good morning, Good morning. GME. Wednesday Jubery, 31st 2024. Four four. Look at that. Another beautiful day to have a beautiful day. Last day of January starting off hot. Love to see that Jupiter AirDrop just went live about 30 minutes ago. You absolutely love to see it. Chaos. Chaos has erupted all over the timeline. We have a big guest comment on the show today. Breaking some news and every and

all that good stuff. Big day for art, big day for Jupiter and the Solana ecosystem. Things are absolutely crazy. Mando, OSF, good morning. How you guys doing this morning? Yeah, good. How you guys doing? Doing great. Yo, this thing is nuts. The timeline is going crazy right now. The timeline is going absolutely insane right now. You'll love to see that. It's just it's just pure chaos and absolute madness.

This morning in the space. And we're just on the last day of Jan. We have 11 more months left to this year. This is starting up, starting up the races pretty well in 2024. Why? You absolutely love to see it? So today on the show today, Today I'm going to speed run through his topics because we have a big show ahead. We have a big day ahead. I see some familiar faces in the audience. I see a lot of friends, I see a lot of homies.

You absolutely love to see that. I see a lot of squiggle PFPS in the audience that wonder why. So today on the show, today, today, what do we got? What do we got? Market report, as usual. Bitcoin, E soul, all that good stuff, yadda yadda yadda. You know we're going to talk about Jupiter Air job that just went live at 10:00 AM Eastern Standard Time, so 30 minutes ago. Pretty much like to talk with town at the moment. Solana has not broken. Boom. Love to see that. So so let's talk.

We'll talk about this stuff quickly and then NFT recap. ETH sold Bitcoin. And last but not least we will be joined by the man, the myth, the legend. If there was a Mount Mount Rushmore of NFTS to be built right now, he would be on there. That would be carving his

wonderful face on there. Eric Calderon AKA Snow Fro is going to come on. I don't know if the news is out yet or not, so I'm not going to front run it, but he's going to come on and chat with us for the last 15 I think 20 minutes bit of the show. So excited. I've obviously seen a bunch of of more the artsy side of of CT on here. So thank you for tuning in. It's going to be a great show and as usual at the very end of the show we will be giving away $1000.

Thanks to our partners at Robit, we've been giving away $1000 a day, pretty much. So it's five. Wait, I I wait. I have the thing. Why am I saying it? It's 5. There you go. So we've been giving away $1000 a day every single show for 15 days. I think we give four or five away. I'm losing count. Today is either 5th or $6000 that we give. And just got the news that since we didn't set up the spins for today because we couldn't Friday Mando we're giving away $20,000 worth of loose boxes.

So it's 4 spins, it's 5K pop. So Friday, a lot of winners. If you're live on the show, it's gonna be good. I cannot, I cannot wait to see that happening. But all you have to do to enroll to win is retweet the spaces and follow Formoire and Robot, which is super simple. Bottom right, there's a purple box drop AGM, right? Because you know me, I love my GMs. I like it when you guys say GM to me and then just retweet the main spaces. Nothing else. It's, it was posted from my

account. It's at the top right now. It's pinned there just bottom right corner purple box and retweet. And if you follow us we'll pick a winner and you got to be in the space though our goal is only to give money to people that are live on Twitter spaces with us. We've been very open about that. That's all we want to do is, you know reward people participating with our contest anyways. Anyways, we have a lot to talk about today. There's a lot going on in the in

the space right now. I see Mando firing off tweets as as we're on the show. So you know what? I'm gonna go to you first. Who is? The main knackle Daddy of the land. Can you dig it? So I I was just driving for now, so I am catching up slightly but this we had a little bit of a wobble overnight. Bitcoin headed down to around 42 1/2 K ETH headed below 2300 at one stage and Solana hit I think 9897 actually at one stage. So definitely a bit of weakness

on a technical level. We obviously just hit like a lower high for Bitcoin there. So like we kind of went up to whatever it was 50 and then people were saying oh that's a lower high and that was the case for a lot of different altcoins. So people are expecting this maybe to be a bit range bound for a while now. So it's just something to be aware of like from a from a like a consolidation period. This is looking more likely like you might be ranging for a

little bit here. That being said, like it still feels relatively strong out there in terms of flows. You saw another 250 million going into the ETF. I'm sure you're going to see some of the figure again today, maybe maybe even higher. So bullish on that front, it's a big day for macro, a bunch of different stuff going on. Yesterday you had, you had Microsoft and you had you had

Google earnings. Both Microsoft earnings seem decent like the outlook maybe wasn't incredible and and same for Google. So, so stocks did sell off slightly down about a percent yesterday and I think they're down again today. So slightly weaker the macro outlook and we have the Fed today. We spoke about that yesterday, but it's.

FOMC of the year. I mean, I personally think that that they've got to stop all this rhetoric of like higher for longer, like inflation is coming down very, very quickly. So I I personally think we're gonna see a bullish, bullish Fed today. A lot of that has been priced in that like stocks been ramming into this for for a while. But I do think we're gonna see a bullish Fed. So there's that China still looking like a complete disaster. I think Chinese stocks hit five

year low again today. They've been announcing huge stimulus but doesn't seem to be working that well. They had another weak manufacturing figure. So like on a global basis, the US continues to kind of out outperform I would say, although you are seeing like higher stocks in in Europe as well at the moment. But the US is definitely the strongest out of the pack right now. And yeah, for crypto, everyone's just focused on this Jupiter AirDrop. So Jupiter came it. It's been bouncing around.

Where is it? Right now it's trading at close to a dollar. No, it's trading $0.70. All right, $0.70, so that's 7 billion mark. I mean that is high. We're already talking about higher than UNISWAP here. I think it hit 1.2 at one stage when I was driving back I thought it was. Crazy. It actually opened at 2 Bucks. Wow. Yeah. So I wasn't really around for all of that.

So like so I I I didn't see all the bouncing around but this thing will this thing will fly and that initial Wick, like we said, no exchanges really got access to it beforehand so they all had to buy. So I think some people would have realised that they were going to get seen off in having to buy it higher. It's going to, you're going to see huge, huge volumes, I think a lot.

The claim is ongoing right now. A lot of the front end daps are down like they're experiencing like quite a heavy load on things like Jupiter. I think the site was down for a little bit. You saw Phantom go down yesterday. Yesterday the the Solana Devnet was actually down for most of yesterday and there was some like Oh my God, like what? What the Hell's going to happen here? There has been some talk about the fact that they were like prepare, they were like using it

internally. They were preparing for this as a load, but Solana's been up the whole time. This is, this has got to be one of the biggest air drops. It's definitely the biggest air drop in terms of market cap ever. It's also got to be one of the biggest in terms of number of people. Suddenly suddenly using the chain I put out a tweet before just like looks fine. Still producing blocks, no issues. I just. Posted that. Who who did so?

Austin Austin Federa, I just posted that this chart saying well that was boring and he posted this. Yeah, yeah, exactly. Yeah. Of TPS and everything. Let me go to what you shared. Oh, nice. OK, there you go. So yeah, I mean there was some FUD going into that people were pointing to that was why Solana was down, got hurt yesterday. It's because the Devnet was down, seems to have been past this with kind of flying colours.

I think that if I'm honest, if you to speak to a lot of people are still sceptical on Solana. I think the first thing they would say is you can't trust it. It goes down all the time This this is they've had two pretty big stresses recently which is the when token which is a huge air drop for a lot of people and then you've had now had this Jupiter air drop. Look, I'm not saying this line will never go down again.

We had easy come on our our rec radio show and said he doesn't think it's ever going to go down again just the way that it's been set up now means like they basically basically a number of different things would have to go wrong in terms of the validation for it to go to go wrong. It's a very, very small possibility but it could still happen. But yeah this is this is definitely going to make people pay attention.

I think the fact that nothing happened and also the fact that people were fighting it into it like oh Salon is going to go down tomorrow seems to have done it. OK so bounced since that. I think it it was trading at like I said 9899. It's now it seems to be running as we speak it's it's kind of just breach 101 and the market is also rallying so so bitcoins back up above 43 K it is hitting 30/23/20. All coins are rallying but maybe not as much as as majors right now.

They definitely got hurt yesterday and meme coins got hurt you just got GMEGME is hitting where is GME right now. This morning was at 40 million yeah it's still at 40 million. It annoys me because I saw it at six and over. You pudded me out of the pudded me out of the trade. So the only meme coin that's really higher if I'm honest. Like if I go onto deck Screener, literally every other meme coin is lower. Apart from this GME coin.

It has not been a good the fabled meme coin pump has yet to materialise. It may materialise now like. Well. Not yet. Yeah. I think the first move is that play around in Jupiter and the next move is, all right, I got to play for the next AirDrop, right. So if this stays at 7 billion, this the next Airdrop's going to be used as well. So like people are, people are going to be people are going to be spinning up new meme coins every 5 minutes I think. So that's going to be an

interesting space. What else is there from a from, from a perspective, there were some very bullish headlines yesterday about predictions for ETH. ETH. ETH has become a little bit like doge. I don't know if you've seen this. People are picking up on it like so. Traditionally those rallies that's the final rally before the market dumps ETH. The last two times ETH has rallied and taken the lead in rallying. The market has then subsequently

dumped. So there's this ETH rallied yesterday and then a lot of people were like oh fuck. And then we yeah we did dump. So it's but that was kind of on the back of some headlines that Stan chartered which is a kind of auk such Asian bank came out with a came out with a prediction that ether was going to hit 4K on the back of it ETF coming in in May. Some of the other banks have been a bit less sceptical, a bit more sceptical on that. JP Morgan in particular has been very sceptical on it.

Bloomberg analysts still think I think 60% of their last on their last one. So like it's still 5050 but they came up with a very bullish piece. So I think people got very bullish on on ether on the back of that like I said, the ETF outflows that have been good and

NFTSNFTS were broadly lower. I think yesterday there were some, there was some, there were some rises like you saw, you saw the big Sotheby's Mint, sorry the big Sotheby's sale for Starry Eyed grew and that was the big sales there. And then you had Roop Smile Mint did like a 5X and a couple of other smaller projects did well. I think creeps is starting to rally again. Obviously you got Portal coming relatively soon, so. All right. Well, that is quite the roundup. You're you're on one this

morning. Shout out to sorry Mando minutes. Sorry this it slipped out. It slipped out first here. Let me go to one place for your minutes, you know, let. Me aggregate the aggregation of your aggregation, bro. Anyway, I've never seen anything like it. I'm 90% of the whole thing. Cats. Is crazier cats? I mean, this is. I mean, if anything, this is our stage, right? So, yeah, you can say rockets,

are you on? Let me pull the curtain back a little bit because you went all the way deep to NFTS here. Let's talk about what's happening right now. So on the market side, it seems like things are holding up pretty well. We got a little little bounce from yesterday night that you're talking about. I'm, I'm like curious to know what you guys are thinking now that troop has dropped. Obviously we're talking about it yesterday. We're kind of like guessing like

what happens there. Of course, like seems like a lot of liquidity has been sucked out of Minkorns for the moment and it's probably going to keep happening. A lot of people have not been able to claim yet obviously and, but that's not because Solanzburg is just the front ends like you just mentioned Jupiter and and and. Which was expected. A lot of people like all these front ends will break. Every single one of them will break. Not surprised, right?

But The thing is, the chain itself is fine. OK. And so which is all that matters. I mean, OV what do you think happens here? Right? Like now the claim has happened, obviously it's kind of soon to guess where it settles. Binance has been pushed to 11:00 AM, so another 11 minutes until it goes out there. What do we, what is this? Are you hitting your expectations here versus what you were looking into yesterday? I knew we've been talking about Jupiter back and forth a lot

over the last couple of weeks. So what do you what do you what are you seeing here? I think it's too early because what I'm seeing on Twitter, people are a lot of people are still unable to claim their dupe and that's a big impact, right, because you know presumably at least 20 or 30% of them are going to sell their dupe. So I think it's too early to judge because the flows seem to be mainly on centralized exchange. Obviously, we just talked about how the front ends are all down as well.

So people, it seems like people aren't really able to effectively trade or claim on chain right now. And there's been a lot of like trading on sexes, which isn't really going to be like the main meter. The volume, I think. I think, yeah. So it's too, it's too early to say given where the price is now. I think you have to imagine that once people are able to claim and sell, the price goes lower.

But at the same time I also think most buyers probably have their money on chain as well and want to want to buy it on chain rather than like bridging it to sexes. So I don't know like I think it's kind of like whereabouts I thought it would be. It's kind of to be honest with you, it's right where the price right now is literally where the where it was trading in the grave for the last two or three

days. And I think once everyone sold their AirDrop, which usually happens over the like you know once most people have sold it usually usually happens in like the first few hours of trading. Then maybe you could potentially see it like rally all the way to to one.

But for me, I feel like it's going to be in that like unless like the market changes, you know that while Seoul stays at one O 1 and while Bitcoin stays at 43 1/2 Ki think the range on on Jeep is going to be somewhere between like you know 70-70 cents to a dollar or something like that. That's that's kind of like my hunch.

I think we have to wait and you know there's there's a lot of like people keep talking about like Oh well we've seen mean coins rally but we'll see the rest of salon ecosystem rally. Well, we just have to wait until people are are actually able to sell their dupe and then spend it before we can assess whether that whether that was correct or not. Like mean Coins won't rally right now because people don't have any juice to have me have to sell their dupe.

But if they don't rally in two days or three days, then, you know, or even by the weekend, then there's an argument to say, you know, people didn't roll it, roll it into mean coins and maybe they put it somewhere else. So too early to to judge the impact right now I think. It it looks like here I just got reposted what Moon Overlord posted. So the Jupe launch pool is almost out of tokens. This just in.

It's pretty wild man. Do you want to kind of explain what this whole launch pool is all about and what I mean? Yeah, I mean, I I kind of know what's going on there. I think. I think Meow tweeted the other day that like the the initial, the initial liquidity pool was being set up with a different range for Jupiter as like the

initial launch pool. I I don't know if they were involved in setting up because sometimes that's an issue with like with tokens, like if the team is actually involved in staying at the locality pool. But there there's definitely one which he was clearly paying attention to. I don't know if he actually set that up and obviously it may be moving out of range, so like it may, it may they may have already reached it. Yeah, I mean look at that, this

is pretty wild. How many achieving transactions are we at? Like is there even a way like we can just go and look like I saw obviously someone messaged us saying it did $100 million of volume in 35 minutes, that's the 1st, 35 minutes and everything stayed in time. So that is impressive that is that is really good to see. I saw easy had like 180,000 tokens to claim.

And so it's it's great. It's great him and a lot of people that have been like you know avid Solana enjoy yours like for the for the past, you know for the past for for the past year or so are getting, are getting, are getting heavily rewarded here. So you absolutely love to see that good for them. You know it makes me happy personally to see and I guess we'll see tomorrow kind of postmortem of like where we're at with Jupiter on the on this

on on on the show and whatnot. Besides that what do we got here. I know I I see look at look at look at look at Eric, I love that I see him in the studio. What's up, Eric? I can, I think only I can see, hey, but on the NFT side, quickly you you kind of went over it Mando, but it was really like the Sotheby's grails, right? Because that we covered it when it first opened up that the three sea grails, it closed yesterday, right? Yesterday was at the limit.

Is that what it is? Yesterday it closed. Yeah. So you had Grant Newton's trade. I think you had some ace. Was it a CAX copy? Definitely traded. Yeah like these are good pieces. Like these were all these were all from the Starry Night slash 3 AC Liquidation. I think Michael Buhanna put out a tweet so did Punk 9059. So you can you can check your of those but you can go through all different pieces. But I think it was it wasn't like incredible.

There wasn't like on the one Unbelievable sale that set the tone. It was more like a bunch of different ones, kind of 100K to 100K plus. Yeah, aren't very much alive. It doesn't show. It says bidding is close. So I can't really show you guys the price prices here, maybe 9. 59 go to Punk 9059 of. Course of course 9059 posted the stats. I mean this is his name NFT stats dot ETH. And quite a bit, I think. No, I know he's been posting a lot. Shout out to shout out to Sam.

Love to see that. I can't. Can't even find it. I can't you know say stats maybe. OK, there he goes to the ex copies citizen sold for 85 ETH. The beeple time sold for 76 ETH. Oh I'd love to see that AC KS till death do his part. 70 ETH Grand bedtime 30 ETH. So this is this awesome love that people saw this in dollar terms of course.

Like. You know these are the prices here on screen that you can see I guess you know somewhat of successful sale here everything's sold love to see that and and honestly I just personally I'm happy that these are finally out of the three AC like liquidation kind of like situation and they're probably into better homes now of people that will cherish them forever and ever after.

The other news actually that came in this morning boys which is why we didn't have it up there but may as well talk about the Ripple. Did you see the Ripple founder hack? Yeah, what the hell was up with that? It's. Just you got hacked, right? Dude, so so there's the Ripple got hacked for $113,000,000 right before the show, so it's here. Per the Crypts article, Ripple founder hacked for 100 and 3013 Sorry, $1,000,000 XRP drops five

points. Ripple's XRP token dropped following word of $112.5 million hack, which Co founder Chris Larson said were from his personal accounts. I didn't see this. I saw that. Did his Twitter get hacked as well? I just maybe I just saw the headline, but. Let's I mean this literally just happened. I mean, you just posted it on X, yeah? See, look at this. It's Zach's BT picked up on it. So it's 22200 and 13 million XRP tokens that were hacked. Wow. That's crazy.

And they've been laundered through Mexi, gate, finance crack and OK, XHGXHBTC etcetera. So this was like a pretty organized coup like type of thing going on here. Like one thing people you you have to realize with Ripple is the reason why the SEC came out after them is is the team owns a ton of fucking tokens like it's only it's $1,000,000 market cap. 9 tokens Yes, that's insane. I mean, Chris Larson, Co founder, said yesterday there was an unauthorized access to a

few of my personal XRP accounts. Knox, not Ripple. We were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved. This is wild. This is This is a big hack. Yeah, definitely professional, right? But it was laundered through multiple different exchanges which. Is strange. I mean, look at that. Look at this chart that Zach posted, right? It's shit. That is insane. That is absolutely wild.

Anyways, hate to see that whether you like Ripple or not, you know XRP or not, this and that, Absolutely hate to see another hack happening in our space, but you know it is what it is and that just happened this morning as well. So that's that. And then you know you kind of went over and over NFTS and went out again, but you know everything seems like kind of like stalling on the Solana side because we're waiting for what's going on with Jupiter.

So of course like some cell pressure on the on some of the solar NFTS, but not crazy amount versus the tokens. On the ordinal side, the Quantum Cats mint is today the remint. So you get to mint again. Did you guys get your cats? Did you guys get to see your cats? Yeah, I did. I think. I don't know if it's a good one or not, but it looked cool. You know, I have to say. You're one of terrible. It's. An Udi I love Udi so I will adopt my cat I. Will I like mine?

Mine was cool. Yeah, mine looks like it got beat up on the blockchain before being delivered to me, you know, But it's OK, you know, we we, you know, we they're cute. You know it's I, you know maybe I may have to replace it for a floor one when when, when time comes okay. But that's about it's. Good. I like floor one, OV. Your ones good, yeah.

And then so that's that on the Bitcoin side, aside from RSIC like that, the Meta RSC, Meta protocol, like the that's something these point out to me yesterday that went crazy overnight. It's just up 33% the AirDrop that people have gotten for having puppets and whatnot, So that's happening, which is up to .06 Bitcoin floor with Bitcoin being up. So not bad, right?

Bitcoin went bounced from 39 to 43 K and that thing bounced from like .03 to .06 so double there puppets bounce bitmap no monkeys seeing a lot of high sales. It was a grail sale for about what 1.8 Bitcoin gold tail on that so love to see that.

Usually a good signal when when rares and mid rares are selling in a collection and the rest like pits and ninjas and stuff kind of holding that floor or OMB all that good stuff And then last but not least on the east side you know nothing much like kind of like east online token right Like you know doodles still above holding to east D gods 3. Area fizuki above 6 mutants above 4.

You know apes are holding that that ground where they were punks still punking around above 60 so love to see that and and pudgies you know kind of stabled I would say around the 16 E mark so that's about it. So anyways the other big news for NFTS is the news that we're going to be here to cover here and what most of you guys are here to probably listen to. I see a lot of, I see a lot of y'all in the audience.

But first and foremost, just a reminder that if you were tweet the pin tweet, which is a Twitter spaces at the bottom right, if you go to the bottom right, there's a purple box. Click on that purple box, hit the retweet button, follow us FOMO our FOMOHOUR. Not just because we're giving one anyway. Just because the show is fire, OK? It's fire.

Well, I think so. I'm biased, but I really enjoy our show every morning and so and so check it out and we're giving away $1000 once we're going to be done with snow froze interview and we're going to be giving away $1000 per day for 15 business days straight business days because the show is only on business days and and then on Friday we're spending like $20,000 worth of loot boxes. So that's going to be a riot.

I can't wait. Razor was like, rip it, let's go. I was like, OK, OK then let's do it. But anyways, let's welcome to the stage our good friend Eric Calderon, AKA Snow Fro. Eric, good morning. Good morning, GM. How you doing today, King? What's? Up guys, how y'all doing? Dude, we are vibing. Oh I saw that. Did the Artbox account get rugged? From the From the Twitter. No, I see it. I see it there. Would you you see the Artbox account? Yeah. On our stage.

Yeah. Oh well, Twitter's definitely lagging then, because I don't see it so. Yeah, they're on. They'll see it. They're on. Isn't that so weird? Look at that. Look at my screen. Yeah. Anyways, so for those of you who who are on audio, you can join us on video. We're live on the Rock Video YouTube, but we're also live on XI posted the broadcast. It's pinned at the top. We've all posted it. We broadcast every single morning Monday to Friday on audio and video Snow fro.

Why is that? A lot of energy this morning. You. Like that, A great amount of energy. Where are you right now? In the world Pumps, by the way, I'm so excited to hear that they keep going. I'm in Houston. I'm at home in Houston. I like that. How about you guys? I'm home, Montreal, Canada. Mando's in sunny Lisboa and movie is in rainy London. So that's it's. Not raining.

It's just Gray. I'm in snowy Montreal, sunny, sunny, Lisboa and Gray. Not a. Cloud in the sky where I am not a cloud in the sky. Beautiful. That's. Amazing. Always sunny today. I'm excited to have some sun over here. I love that. I love that. Listen, snow fro, I don't know if the the news dropped or didn't drop. I've been like heads down, focused on what's happening on the show and salon and all that stuff. You're here to share some big stuff with the R Blocks ecosystem here today.

Yeah, it was a TLDR. What's the news here? Yeah so R Blocks has been fortunate enough to get to work with with the with the two awesome gentlemen at at the the NFT platform Sansa and we've we've had the pleasure of acquiring them to be able to help expand our blocks this kind of ecosystem a little bit beyond where it is today. So Jack and Matt are two guys that have kind of been awesome community members of in the our Blocks Discord and our Blocks

ecosystem. And you know kind of near the end of the year last year conversations started getting started and and here we are today just getting to announce that like one of the most supportive platforms for the R Plus ecosystem is now kind of part of our umbrella. And we're like incredibly excited and incredibly proud, not just to to be able to offer a kind of a broader ecosystem for our collectors, but to welcome Jack and Matt to the to the R Plus team. I love that.

Congratulations on the acquisition. We love to hear some good M&A in the in the space. You know, there's a lot of it going on, you know, and and I'm not even surprised. The Sansa platform is awesome. I remember Dee's putting me on that. I think two years ago or whenever it came out, it's. Been about a year, a little bit over a year, yeah. Yeah. And and it's super cool.

I mean I mean Eric you know question would be like what about Sansa like drew you into the platform right to to to make this move in the first place? I mean, it's a beautiful generative art browsing experience.

It was built originally just for art blocks and you know it's like these these two dudes basically built this thing that I've been wanting for a really long time to exist to art blocks and without having to give them any input, they literally built like exactly what I think art blocks needed. Like they were taking in our engine partners as royalty situation kind of got weird and uncertain.

And you know we we have a secondary marketplace on art blocks, but that's just for the stuff that's on art blocks dot IO these guys basically took in our our engine partners and give them a home and a place to like showcase the work so that it felt cohesive and it was a really nice browsing experience for for generative art and they did that on their own and they did that as a as a very agile duo all in the course of a year. They've created this beautiful thing and it's something that

we've kind of been. I mean, that's how I've been browsing generative art outside of what, you know, is on our box dot IO. And you know, I don't know, R Block's always had pressing priorities. I mean, this is kind of what happens when you're building a Web 3. It's like it seems like there's always something pressing. There's always something that's kind of keeping you busy. And we've never really been able to build something like this out to bring all of our ecosystem

home in one place. And just with the acquisition of Sansa, we now have the, the the honor of bringing everything home and now everything that's ever been minted on R Block's technology is available in your wallet. I mean just think like for the last however many years, there was no way to see everything you've minted on our Plex tech. Like you had to go to open seed to see it all together, which is

fine. But the browsing experience for generative art is a better browsing experience when it's catered and tailored to generative art. That's what the Sansa team has done. OK. That's awesome. Congratulations with that. So what does that mean for the other collections on Sansa, Like are they going to stay on there or is it just going to become like an art blocks marketplace slash secondary platform? Look we're going to figure it

out. We have, we have a lot of figuring stuff out to do like the last thing I want to do is remove artwork from from a platform. It's also misleading because it is kind of part of the art blocks ecosystem. And so we've we've got, we've got some work to do. We've got a little bit of digging to do to kind of figure out we need to kind of be in touch with those platforms and see you know and navigate that.

But for the time being, you know the majority of the work that's on Sansa has been our blocks work or our blocks related work whether it's bright moments or any of the the amazing engine partners that are on there. And so the the vast majority of

it belongs there natively. And then what we do with with the other stuff, I mean I I just see that there's opportunities to kind of explore that and you know, potentially give artists a a, a home where that they can show everything that they've created whether it's art bots or not within one profile. So we'll explore that. We'll figure that out. Hopefully in the next couple of months we'll we'll have more answers. That's awesome. I love that. Go on, Mando.

I say I love this, like, I actually didn't know about this this site, but there's been a few attempts to like, do this well, and this is, this is really nicely done. Like you can really look through everything. It feels like a gallery experience, right? Like, it's it's nice. I I love the feel of it. It's like the perfect home for art blocks. I remember seeing it first when obviously, like our bodies like you know, super into art blocks and everything you do has been a

big supporter. And when you showed me that, I was like, damn, this is so clean, right? Because like obviously the open sea experience in other marketplaces is not the best when it comes to like get seeing all the different artworks and all the different creators that you have at art blocks. Obviously there's a lot of collections past, you know, present and and future within your ecosystem. So I think this is a really cool acquisition. Again, like Web Three within Web

3 acquisition is so fun, right? Like it's just, I love that. Same way we teamed up with like the Crypt and stuff. Like I just think you'd love to see that. So how does that what does that change Eric for, like for your creators and the collectors? Well, I mean, there's a It's a

bunch of things. Like for the for for starters our blocks dot IO will remain art blocks that IO right we have a a very special thing going there that's just you know our our more selective releases and that'll stay on its own bespoke website and but like one of the things that's really interesting to me is that we are obviously we're working within kind of a bit of a more fine art category there.

We're really kind of try to elevate the medium of generative art and we're very sensitive to the way that we portray that artwork. But we're in an ecosystem of, gosh, where I came from is, you know, being AD Gen. and like messing around with like coins and punks and all these things. And so we know that the browsing experience, like what the Web Three community is actually looking for is things like rankings and sweeping the floor and that kind of stuff.

I'm not interested in putting a ranking at the front page of our blocks dot IO that is you know like even even if we are in Web Three that just doesn't feel like the right message to be sending when we're really trying to elevate this stuff is as art. But we can't ignore that other side.

So what we get with Sansa is this ability to start leaning a little bit more into the web three side and being able to maybe do collection offers and you know one day maybe do sweeping of the floors and analytics and rankings. The things that we have trained ourselves in this ecosystem to use to to determine what to follow and who to follow or maybe what the next artist is that that's that we're going to

dive into. And obviously you know that can lead to various different collector personas whether you're literally flipping, speculating or become a patron of one of those artists. Like you can really get to know their history by having some of those analytics and stuff. And so number one thing is you're going to get a little bit more of that pro experience than what you get on artbox dot IO, which is just more tailored to being kind of like more art

forward. Besides that, as a collector, you not have all of your stuff in one wallet. And so of course, eventually we'll combine all our wallets cause a lot of us collectors have kind of gone deep and have a lot of different wallets for different things, but that you couldn't do that before. So if I wanted to see my Bright Moments stuff, I mean I can see it on the Bright Moments website, but with the full live view, etcetera.

Like I had to go to Openc or I had to go to Sansa and I couldn't just kind of see everything in one place. So now we have everything in one place and we can keep adding our engine partners. In fact, right now any engine partner that we've ever worked with is going to appear on Sonset. And so that's middle term.

Also adding some features for collectors, for example, the ability to render every single token that you've ever had at whatever resolution or an animation, that's something that Matt De Laurier actually built a really beautiful tool a couple years back. And open source, you just kind of like it was a website, you type in a token ID and you could render your token. But like it's, it's amazing. But like now we can do that at the token level for every single

thing that we've ever minted. And so ultimately what we're trying to do is create more of a top down approach where we provide an infrastructure layer and then everybody, whether you're a collector, whether you're an engine partner or whether you are a creator benefits from that infrastructure. I mean, look, the only place I know to go send a token is open C Like if I need to go transfer an NFT, I'm going to open C It's 2024. Y'all. I just don't understand in 2024

that we don't have AI mean. Maybe there's a couple avenues to do that, but like that's just not a standard practice. We will implement token sending on the Sansa website so you can send your token to your vault instead of having to like exit the platform. You know, looking at what loyalty kind of reward programs look like when everything is all under one roof, and then finally adding minting functionality.

You know, right now we've had 50 engine partners roughly and every single one of them had to build their own minting functionality into their website. And that's great because I think a lot of partners need to have a bespoke website. They need to kind of have their own experience that's branded. But a lot of people just want to experiment with the generative medium. And I want our box to be a hub for creativity and innovation

and experimentation. And that means investing in the creative side, maybe investing in some marketing, but not investing in all the technology that you need just to offer someone a mint button. So the mint button is something that we've kind of built, we kind of for in, in some ways kind of invented it within this ecosystem. And that mint button has become incredibly commoditized.

There's a bunch of competition. There's really great platforms out there and we're more and more leaning into just making that a recognizable kind of unit within our ecosystem that that people will hopefully recognize as like you know, this is our Prox minting and this is the R Prox purchase flow. So I mean just that's just a few things off the top of my head that that will. It's great. And there's more. There's a lot more to it.

I mean, that's awesome. I mean you kind of touched on that, but maybe I'll ask more specifically like, like how does this acquisition of Sansa contribute to like the future of our blogs, right. Like I know you just said for example, like it's a one stop shop, one place to view your collection, finally transfer your assets without having to go through open. CI had to do that like 2 days

ago and it was such a hassle. I'm not going to lie, like it's just absurd how crazy this is. But you know, like how does this exactly contribute to the future, right? Like what comes now? OK, you're quite Sansa. Whoa. I just saw the decrypt article. Just go live now. I'm going to. I'm going to pin it. But you know, what do you what do you what? What does that mean for the

future of art blocks in general? I mean a little bit of it is just kind of getting back to a little bit of a Web 3 ethos. I mean, you know we have art blocks dot IO which was created originally. It was like, you know, a a platform for hosting generative content on the Ethereum blockchain and it kind of had this breakout moment as a just art platform. And that's one of my proudest

achievements. And I say that all the time, like all the work that's on that platform is one of my favorite things, one of the proudest things I'll ever do in my entire life. And we in in response to the market conditions have increasingly reduced the cadence of that and try to be more and more selective and in the process of kind of just not really given a place to be a platform for creative content on the Ethereum blockchain.

So what this does for the future of our blocks is expand and enable us to kind of make it easier for people to participate in the creative in the generative medium and hopefully bring their own audience. Yeah, what we need is we need more people. We need more people here to come buy your bags. Like that's literally what we need more than anything in the world.

We have a a incredible group of patron collectors that have been here studying the artists, supporting the artists, giving feedback, buying the art, and they've been here from the very beginning. They've they've only doubled down and reinforced their love for genitive art and digital art

in general. And I think what, what, what would make us all feel more excited is to get more people in and at the level of kind of what our blocks, what we call kind of flagship or curated does like that's that's a high level, that's expensive and it's, it's meant to be, you know, a little bit more exclusive. I'm not an exclusive person like that's, you know, I've always been about all about inclusivity and trying to get stuff available and make it available

for people. So you know, this allows us to have a little bit more breath. It allows us to facilitate people to not necessarily sell to the same people, but hopefully to sell to some new people, to attract some new people. For artists maybe to be able to self publish one day into their own collector base.

And I mean, in the end, Art Blocks is a platform that I built out of a out of just, like, pure passion and a love for the generative medium, but also like curiosity for blockchain technology and how it intersects with that medium. And I'm just trying to get a little bit back to where that started. And the platform is the Web 3 way, right? Like, optionality is the Web 3 way. At the beginning, we'd always be like, oh man, let's get rid of the middleman.

Well, no. I mean, the middleman serves a really, really great purpose, especially in cutting through the noise. But not everybody needs to cut through the noise. So giving people optionality to release themselves, giving people optionality to release all the different flavors of all of our engine partners, You want to mint in person, go talk to bright Moments. They're amazing. You want to release on Artbox? Apply to Artbox Flagship or Artbox dot IO, That's an amazing

experience as well. Optionality is what we're here to give and that's what we're giving to everyone of our creators, collectors, partners and I really do think it sets the stage for Artbox to be to to remain relevant, as generative as a medium becomes a more commonplace term in the household hopefully. That's awesome.

Seems like a pretty cool and great moment for for like you know generative art art blocks in general here as you guys are going to be able to aggregate all these collections in one place. Question for you like for the people that like we're using Art Blocks engine, how does that work? Like are they going to be able to be showcasing on there too? Yeah, yeah. So they'll immediately appear on there. So now all of everything that's ever been art blocks related

appears there. And optionally they can have. I mean, we haven't finished integrating this, but optionally they'll be able to have minting functionality within that page, so they won't have to build it out themselves. Now you may not want that. Like Art Blocks. dot IO spends way too much effort creating content and articles and interviews for us to let people mint and ignore all of that.

Like, the whole point is we want to explain what the artist's message was and what the process was, and so allowing minting on on the Sansa website would kind of defeat the purpose.

And so R Block's flagship as or R Block's dot IO, if you kind of want to pretend it's like an engine partner is going to choose to exist within the sequel, it's going to exist all the NFTS exist within the Sansa marketplace, but it's going to choose to maintain minting, to exist just on the R box dot IO website, which has been built out into this beautiful thing. Every engine partner has that choice to make. They can have it on their own site, they can have it on Sansa,

they can have it on both. And ultimately what we're trying to do is just lower the barriers to entry to be able to release generative content. Generative content in some ways has become very homogenized. I don't know. You know, it's it's just something that we've kind of seen over time. You've got, you know, you had 100 generative creators 3 years ago, you have 10,000 generative

creators today. It's the most beautiful thing to see that many people kind of find a creative side to them and start getting into the generative medium. And from those 10,000 we're going to get 205 hundred people that are going to rise and blow our minds in the next few years.

But in the meantime, we also have this exploration of like generative embroidery and generative goods, like this idea that like a generative thing means that somebody, everybody, can have something that's unique to them. We've proven that at least in the very expensive PFP world, like punks and pudgy Penguins, people are very interested in being identified as an individual with the object that represents. Them I identify as a squiggle.

Yes. And so in the physical space, it just feels like maybe when things don't cost 5-10 a $100,000, there is an example. Oh yeah, or a race or a race car guy. Yeah, not to flex. On anyone you know not try not to flex on anyone, but Eric gifted me that in Austin. You got a good one, man. And so yeah, I think there's an opportunity here to really kind of lean into what the generative medium looks like.

And it it to me it it feels very well powered by blockchain technology, by the provenance and all that. And you know as we do this, we're going to, we're going to double down on the Ethereum ecosystem, the the EBM ecosystem. This is there's just so much exciting stuff happening, especially as we have the ability to expand into multiple L twos.

The minting experience, if Y'all haven't minted on arbitrary on prohibition, it is a really, really awesome experience, especially coming from years of paying a bunch of money on gas and waiting a bunch of minutes I guess for like a transaction to clear. And yeah, I think there's just like so much opportunity within those ecosystems and we're excited to kind of double down and and keep exploring in in in the EVF space. I love that.

This is freaking awesome. You have no idea how like our VP of Creator has been who founded audio galleries. He's like in my DMS right now, like ecstatic. Like he's screaming to me on WhatsApp. That's awesome. He's literally, I wish I could share my screen. He's like screaming in the form of writing. There's like. Maybe all caps? Yeah, it's ALL caps LFG 7 exclamation points and wow 12 exclamation points.

And AMAZING IN ALL CAPS 4 exclamation points because he uses R Block's engine right to power what he does. For like, it's going to be a lot easier. It's just going to be a lot easier. Also the lift, right? Because he was just telling me this would have cost him like $10,000 minimum to build on his own. That's his words, not. Mine. Look, the dream is that those platforms get to a point where they then want to build it out,

right? But it just feels like we're asking people to invest in three things. We're asking people to invest in the content, the creative content. We're asking people to invest in the marketing because you have to get your word out there and we're asking people to invest in this technology and a bigger brand comes in. They should absolutely just do

that from start. But if you just have an idea as an entrepreneur, and I'm coming from the entrepreneur, the innovation side, like sometimes you just want to test the waters, You want to try something out. It's it's the the generative distribution mechanism is is I think a revolutionary process of giving people things that are unique to them. Let's at least take one of those barriers down and not have to invest in all of this tech.

If you just want to try something out and make it a little bit easier for people to kind of tinker. And again, all it takes is one or two of those ideas to not be catered or marketed to our community, but to be catered and marketed to their own audience. One big brand that like gets their brand excited. I, you know, my dream is like Swatch has a generative thing and like you meant to Swatch. And like Swatch makes you this watch. And everybody's sharing in Discord their Swatch when they

get it in the mail. Like it just seems so clear to me that like that is something that would get a bunch of watch nerds excited, or at least Swatch nerds. Because I know some watch nerds are much much higher price point sorts. Of Watch nerds on CT. Yeah. So I feel like, I mean just like all it takes is one or two of those things to introduce a new audience to all of the stuff that we're sitting here talking

about every day. And that's a a, a, a task I've imposed upon myself last year to get as many new people, to get as many new eyes. Not necessarily based on scarcity, not necessarily based on FOMO, although in some cases that is kind of how things operate around here. But based on like a a proving that there is value in the

digital object beyond that. And I think that that with you know, eventually custody wallets, credit card integration, account abstraction, all these different things will eventually lead us to to a better place. And then you know maybe my bold prediction of 2026 Apple adds A crypto wallet to the phone, but that you know is delusional probably. But like that, that is actually kind of what would just change everything for everybody in like the in the blink of an eye. Yeah.

We just got a prediction from snowfall. That's rare 2026 Apple adding a a digital wallet to its to its devices. You'll have to see that I'm. I also think this is something that's going to happen. It's some it's inevitable right? This revolution is just. So at least by 2036, but 2026 would be really great if. 2036, that's too far. That's too easy. Snow fro, that's too easy. But 2026 is a nice call.

I like it. I mean, Eric, congratulations on everything, you know, excited to see you in Paris, I think. Oh yeah. Well, we're going to see each other in Paris. Are we playing poker? Poker. Sure. I would love to play some poker with you guys. All right. Yeah, that sounds awesome. Let's. Do it. Let's do it. Let's do it. Let's do us four. We're on Paris. Let's add a few of the folks that are listening. There's a lot of friends listening down there, I'm sure

are poker players. So we should organize a little something. I feel like, I feel like we're walking into a trap here. Like, have you been playing poker like this religiously for? Been like 12 years since I played, but I did. I did play a lot of, I did play a lot of poker. But one day we need to have a squiggle as a prize for a poker tournament. I think that would be pretty. Let's do it. Get 100 people in on that thing and do pretty fun. That could be. I mean, yeah, we.

Could I'll bring the squiggle, you bring the 100 people and we'll do a tournament. Perfect. You, you have a deal. You have a deal. I'll bring 100 people. And trust me, between us, we can bring 100 people easy. And you, can you just bring this quiggle? We're set. Perfect. I love that. Eric, thank you so much for coming this morning. Congratulations to you, to art blocks, and to honestly everyone like that's in a generative art space. Like this is a really big moment.

So Congrats. It's really fun. Thank you to the community that's been with us all this time, all the creators amazing. And then my team at Art Blocks have made this happen. It's I it's unbelievable. I'm very, It's awesome. Team, by the way, it's really. Like, we're very lucky to have this team. Yeah. Yeah. Congrats, Eric. Thank you so much. Take care. Yeah. All right. All right. Well, that was fun. Big day. What did I do? Hold on. Oh, there it is. Big day, big day.

In the words of Barry Silbert, you know, we had that, you know, Jupiter happening, our blocks happening. That was that was fun. I love that. This is really cool. You love to see this. I love M&A in the space. Used to talk about this a lot 2 years ago actually. I remember that tweet like all these M and as in the space is going to happen within two years. Like it's happening right now.

2425 is going to be the year where like a lot of companies merged together, like get acquired but within WEP 3, which is cool to see, not Web 2 acquiring Web 3, it's just like Web 3 acquiring Web Three. I don't know, I kind of I I like that. It feels good.

Transcript source: Provided by creator in RSS feed: download file
For the best experience, listen in Metacast app for iOS or Android