Yo-yo, yo, what up? What up, What up? Good morning, Good morning. GMG Wednesday, right? Yes. Wednesday, March 13th, 2024. Four, four. Look at that. Another beautiful day to have a beautiful day. I got my Co host in the house. OSF Mando. How you guys doing today? GM guys, how you doing? Five, there's an. Echo. Is there an echo? It's one of us. It's. Not me. My phone's on. Low volume. Freemando in the chat. #freemando. It's been a while. It's been a while.
Freemando. Freemando in the chat. If you're in, you know what to do. You know what to type. Mando tuning in from his new mansion. You must have been treating well this week. You know, it's been an OK week. Yeah, you're doing good. Solana's doing good, that's for sure. And a lot of coins decided to do well. It beats Bitcoin, Bitcoin, Big daddy Bitcoin. Again, again, a new all time high. We are every, all time high. We're getting a little, little, little, little closer to this
100K prediction. You know, you absolutely love to see that. You know, it could could hit OV, could hit, you know, could hit. It's going to be a could could hit and then it could be could be a good call good video to to reshare across because you have you have receipts now you have receipts on calling 100K Bitcoin in Q1 so that that would be pretty wild and you have a dollar bet with wizard as well so. It would be pretty.
I mean we still have 17 days left for this month like it's it's that's that feels like a long time like I mean a few weeks ago that wouldn't have felt like a long time but given the price action we've seen that feels like a very long time. So we're only about whatever it is, like 35% move away, it says Not crazy now is it? Oh no. It doesn't sound as crazy anymore. You know when you make a call like that in the 40s, you're like, maybe he's a little crazy, he's a little too bullish.
When you, when you look at it like 73, I think mentally, like at 75 K, people are gonna be like, holy shit, OK, like, you know, I mean like, we're taking this thing to 100K. It's gonna be interesting. Anyways, today's show today. Today. All right, all right, all right. Let's see what we got. Daily market report, as usual, like we were saying is with Bitcoin hitting new highs this morning of 73.1 or three or two or four.
I forgot. But anyways, we're going to talk about that we hit new high, another high on Bitcoin record ETF infos again. I mean it it it's almost like you could have seen this coming. It's almost like Tri Fi was going to bid Bitcoin every day Monday to Friday from 9:00, 30 PM to 4:00 PM. Right. Anyway, something like that. Anyway, it's almost like we we we knew this was going to come. So you absolutely have to do
that ETH denson upgrade. You know I'm going to throw a grenade at this one at at one of my boys here. I haven't chosen picked which one yet but I'm sure one of them is a ETH denson upgrade expert. So they're going to they're wait Beacon chain vibes, huh. I I warned you. At least this time. I gave a 15 minute warning in the group chat. But Obi's already Googling a. 100% deserve to OSF because he'll have the perfect. Google answer to this. What? You guys? What you guys talking about?
Fuck off, hey? This time we have ChatGPT, we have ChatGPT now we didn't have that in May of last time when the beacon change should happen and Obi had to Google it, but we anyways, all jokes aside, Ethan's upgrade is today, it's obviously highly anticipated, great narrative for Ethereum. So it happens today. Largest changes for for L twos. It's very important. Next to me we're going to have to talk about sailor. I mean that clit, that clit is I I think. I think I'm going to make it my
my alarm clock for the morning. You know what I mean? Like anyone chose poor like I I have to say like that. I've watched that at least 20 times. So funny. Love to see that. So we have that. What else do we got? We got obviously altcoins. We have to talk about them. Like obviously we're going to have a little left curve segment as we have to have in this in this moment, blah blah, blah. We have Pack Moon launching today. So that's a big narrative on blast.
I think OV you're like probably the number one still on leaderboard. I don't know like top three are you still? I don't. Know I'm not. I don't think I am. I I shouldn't be. Because I'm not. Oh, a lot of people like this. Yeah. Yeah. And then it means popping on all stuff. You have a power gaming fundamental proposal on RB. You have PAC Moon launching today. You have Frantech V212 next month that's on base. So super excited about that.
Actually you have hot NFTS, you have, you know, Bitcoin, you know, ordinals kind of bouncing the end, Ethan, you're still still, you know, bleeding etcetera, etcetera, etcetera. And then we'll talk about all of this. And then last but not least, no, another thing. We're going to talk about this Dijon Alley, D Genz and the Crypt partnership and collaboration. We're going to have Stacey from the Crypt also join the show. So we're going to have a segment about that.
Then last but not least, oh, the numbers are climbing. They'd love to see that. Last but not least, we will be joined by today's show partner which is Hivemind. And Hivemind actually is going to come and talk about the digital culture fund that they've been that they announced already. But what's super interesting on the art side is they are the people that have been buying a ton of art blocks, squiggles, bonanza, X copy one of ones.
I'm pretty sure they have an OVOS F1 of 1 as well etcetera etcetera, etcetera. So very exciting chatter for for for everybody in the room that is interested on the obviously crypto art side of things and everything especially in a time like this. And things would be cool to hear from a font the perspective of on what how they see the market, how they approach it and why right. Why are they continuing to believe in it as well which is super important in a time like this.
But anyways, anyways, there's Why don't we get this party's started with a market report. Can you dig it? GM, everyone. So yeah, Bitcoin did hit an all time high a few hours ago, hit I think 73.7 K roughly. So just kept on going. Yesterday we did have a wobble. Remember, I said on Monday I made the bold prediction that we were going to go below 70 K Again, We did. We went down to was that a? Bold prediction. It was a bold prediction. Yeah, it was bold.
We went down to 6868 K I'm going to make another bold prediction that we're going to go below 70 K again. So just remember, you don't need to FOMO every single moment. You will get your chances in this market. Funding is still relatively high across the board, so we had a bit of a flush in this move. OSF continues to post about funding and but you know market's still strong particularly Bitcoin. Bitcoin saw record inflows $1 billion added to the ETFs in one in one day yesterday.
So crazy crazy numbers coming into the ETFs again we spoke about how they're all trying to reduce fees to try and get more. Have seen very little on on movement on on the ETF or anything like that. But Bitcoin super super strong at the moment and just Bitcoin is everywhere at the moment in terms of like traditional traditional finance media. So like sailors doing multiple interviews a day, they're Wheeling out Larry Fink to to pitch Bitcoin on on things like
CNBC. So it's really starting to capture attention again at least in traditional finance media. So definitely feels like we are we're not late cycle but we're definitely approaching the the end of the beginning. I would say the end of the beginning of this cycle.
We're now starting to really start to see people catch up with what's been going on and as Bitcoin keeps breaking you at the highs I think all time high, sorry I think we are we are starting to pick up new new people on the train each time. So in terms of the movers overnight you had, I don't know like as Bitcoin hit all time high all coins still are doing
OK that it's it's kind of mixed. So like that there was a big movement into meme coins obviously over the last couple of weeks and what really caught a bid over the last 224 hours was some of the L1. So avalanche broke out from a long term trend went above 50 so did injective. So a couple of the L ones broke out. You did see things like with go back close to it's it's all time
high again. They're obviously close to in the Las Vegas sphere and then I think I think Elon tweeted A Pepe meme yesterday evening and and Pepe pumped on the back of that both of those again the funding is very, very high. So like they tend to rise very, very quickly at the moment and they just get smacked back down. So it's it's been, it's been mixed to say the least on on meme coins and it's mainly been some of these, some of these L ones that have done well.
You have the big ETH upgrade happening today. So the denken up upgrade which OSF will be able to speak about later and that the real thing there people are looking for is it's going to, it's going to revolutionize the the revenue generation of the L twos. So people are looking at things like Arbitrum optimism, those are kind of lagged in this market, but they're up today. Let's see if that that
continues. There's been various different debates about whether this is going to disappoint or it's going to you know, revolutionize even the user experience on, on the on the L twos, let's I think we can just wait and see. My my guess is that it's going to be a it's going to be a big deal but probably won't be like a big deal overnight. Probably a big deal over a medium term but definitely just feel like people are going to be bullish on on the L twos.
On the back of that I don't know if there's any anything of of other big like the the inflation figure came out slightly hotter than expected yesterday but Tradfi markets all hit all time highs so stocks all hit all time highs. NVIDIA came roaring back so a few of the AI coins have bounced back again today. This morning we are just just steam rollering to all time highs in pretty. Much every, every. Single market at the moment, yeah. Look at her go. Isn't she lovely? Isn't she wonderful?
I think. I think I'm in love with Solana. Like it's also has this like really beautiful like feminine sounding name. I think I'm going to, like, get a dog and call her Solana. Great. Yeah. But like in the bull market, like when we're like $300.00, like. It does feel like Solana is again breaking out. It's had underperformed yesterday, but then over the course of this morning, it's definitely outperformed Bitcoin
in EVE. Remember, this is one of those maybe like, you know, buy the room and sell the facts, moments for EVE. Some people would have been playing into this upgrade. So they may be like right now. Now narrative switches to, I don't know, but I can imagine this being you see people look beyond again and then and then something like that. But at the same time, Solana, you know, we know what's going on there. The FTX Estate A deal first, yeah? It's a few. Things there, but but that.
It wouldn't surprise me to see everyone expecting L2's to do really well today. And naturally the best thing is something completely different. So it may be Solana, it may be something else Who does? So if if ETH stays under 4K and then Solana goes to 200, do I reverse win my bet against Bordelon? Is he in here? He usually listens. Hey, Bordy Lawn, are you listening? Feel like she's beating you to it, if I'm honest, but. I already owe him the money.
I know that I have to send 1/2 beneath. You might have, you might have some moral victory, but yeah, no, you. You've definitely lost that bet. But obviously. I did lose that bet. I actually ended up losing $7000 total. So trust me, I know. I know 7. $1000 to Who else were you betting against I? I bet this guy 5 grand, we don't have to talk about it. Moving on. Nice. Nice. I mean, I was. I was drunk, OK. I had a couple of drinks. This guy betting me.
I took the bet, You know, I was, you know, I'm a Solana. I'm. Yeah. Anyways. The other big mover has been ton coin, which is a top 15 coin at this stage, like this is the Telegram related coin. Telegram nearly hit a billion users, it's got 900 million users and they announced they're
probably going to do an IPO. So people have been getting very bullish on Telegram again and the whole ecosystem there that coin is basically up nearly a 2X over the course of the last few days having done nothing for a long long time. So that that one's been rising relatively rapidly. There was a big air drop today in AVO, AVO it's another L 2-3 and a half billion dollars I think it's come come out as and then in NFTS it's again it's mainly it's mainly going on with
Solana mid caps at the moment. That's where a lot of the activities going happening. You have this, you have this pack moon meme coin on blast today. Although as we went live, I think I saw that that blast has stopped producing blocks, which is not uncommon for an L2. I think this has happened to arbitrary optimism a few times, but maybe that gets delayed. And then you had a bunch of different announcements about air drops. So Tensor came out and said look, we're getting, you guys
are going to get an air drop. All the different collections which have partnerships with them are hoping to get an air drop obviously and then you have Magic Eden. I think their AirDrop, their diamonds AirDrop is going Live Today as well. So that's been there pudgies briefly Flipboard apes only to kind of get re flipped I think I think I saw Cyrus added a bunch of assets to the the lending
market there. So it propped up the board ape market and and that and then ordinals has been the main thing, it's continued to push higher. So like they had a bit of a dip given the strength in Bitcoin and then they've all hit kind of close to their all time high again or at least the highs in dollar price. So NFTS similar sort of trend you've had, you had like a bit of a bounce in the ecosystem, everything else is a little bit lower and then ordinals leading the charge.
I think people, people are getting bullish on different airdrops at the moment. Again, yeah, a lot of them are on Solana well. But they're having getting closer on the ordinal side, Mendo. There's a lot of ruins, chatter and air drops and stuff like that going on in the. Yeah, that as well. So like yeah, you got, you got some of that coming and then I guess the big one, the big ones, the big one on Earth is really BLAST. Like Blast would be probably the
biggest 1 coming. That's, I feel like that's the only thing going on, right? Like when it comes to like. There's a few others, mainly in the L2 ecosystem and the others, but like if the ones I feel that people are talking about are yeah, like the cross chain stuff, some obviously this Athena, I don't know if you've been following the D5 space at all, but Athena is the new hot thing in D5.
You get about 65% yield on stable coins at the moment so that's that's gotten nearly a billion dollars of TVL in about two weeks. It's led by Dragonfly and and Arthur Hayes. But it's it may sound like another lunar. I think this one actually is interesting like there are some risks they've basically built built a a synthetic dollar which again that should cause some alarm bells for you. You shouldn't just you shouldn't just believe anything that people say.
But having looked into this I do think it's interesting. I do think it's the risks are you basically benefit from the funding rates in markets. So like right now for ETH it cost you about 75% funding rate to be long ETH a year and Athena has found a way for you to capture that funding rate. So if funding rates in in in the market are high like they are right now for Bitcoin ETH it's like 50 to 75% a year to hold a Bitcoin ETH long. For ALTS it's 100% plus.
That's the sort of market where this would be valuable, but then in bear markets this product wouldn't be that valuable. So it is, it is kind of a bull market yield product let's put it that way. But that's done very, very well and that's taken up a lot of the a lot of attention and that will be a big, that will be a big drop like I reckon that will be you know 5 to 10 billion maybe, maybe more.
Wow, that is that is huge. Well, if we're on the topic of blast and everything going on, dance and upgrade, blah blah. I mean OV Blast King CEO of Blast Interim that is. But how we how we feeling about Pack Moon today. I know that's like of course like that's a big big narrative for the day if it happens obviously. Saw the Blast L2 tweet that Mando was referring to from 10 minutes ago saying the Blast Maynet has stopped producing blogs two issues related to Ethereum's Denson upgrade.
Core engineering contributors are working on a fix. We'll show an update and post mortem once the fix is on in 3060 minutes. They'll obviously this has happened before two other chains, so it's not like, oh, it's just a blasting, but how do you how do you feeling about all that? Like what's What's the deal with PAC1, dude? It's just a social farming meme coin that's coming on on blast. So that's that's all it is. I thought it was like a whole product, like it's just a meme
coin. Just a meme coin. Nice. I like that. Yeah, I think it'll be interesting. Like they have 170,000 followers or something on Twitter now. So I think they've kind of figured out the social hacking aspect of it. So we'll see. I would say it's the most, I would say it's probably the most eagerly anticipated. Are you still up there? I look at this. I have 60,000 points now. It's not bad. I'm 13 hundredth. I think I'm 6th. I don't know which one.
I can't remember. Yeah, I can't remember my wallet. Yeah. So did. Did you're gonna? Well, you probably have over 141 million coins of whatever Moon Pack Moon is going to be around there, if you're like top ten anyway, so. Yeah, they said 40% is being distributed to blast bridges and then some has been, some have been distributed to the farming aspect of it and some are being distributed to people who got rugged on the risk on blast. Thing. Yeah, I saw that.
Yeah, I thought that I'm. Guessing the team will have some etcetera. So yeah I think it'll be it'll be interesting to see what happens. I don't we haven't really seen anything on Blast in my opinion take off like I'm sure people on Blast have probably made some money but for me it hasn't really hit my mainstream timeline. So I'm curious to see if this one if this one. Ad day Ad day to to launch a blast theme going, isn't it? It is right with the upgrade.
It's probably not the best thing to do when like you have really like an upgrade going on. They should just delay it, They should delay it 24 hours I reckon. But you know what? They they should have known this in advance. So isn't this Denton upgrade been planned forever? Yeah, but like this isn't not all the L2's have stopped working because. I get it. I get. I get it. You're right. They should have. This is the boss. This sounds like it'll be. Sounds like it'll be fixed in an
hour. So I don't think. And the the timing for this drop is going to be like afternoon, afternoon, PST time. So yeah, I didn't have enough hours to get it done still. Interesting. Listen, blasts community coin. So that's what it says. Obviously everybody here, and if they do what we are, tread lightly. We'll see what happens there. But it's highly anticipated. There's a lot of stuff going on. And be careful. Like with highly anticipated drops, 170,000 followers. That's that's insane.
That's actually crazy when you think about it. Dude, we're so back. My God, yes. Anyways, like, just be careful. It's all the scams, phishing links, like I'm seeing. We're back to the poor. I'm seeing at least one phishing post per day. Like someone saying they got got like by like like a transaction they're signing etcetera so be careful etcetera.
Anyways back to the quickly I want to go quickly over the the the upgrade you know you have Byron here we got this tweet by Byron looping looping dot ETH saying that that Denson upgrade. I say Denson because I've heard Denson but some people like Denkin do we have a is it Denkin it's I. Believe it's a merging of two words.
I know one of them is Cancun. It used to remember this used to be the Cancun upgrade and then they delayed it so it became the Denkins. I think Denkins must be another place or something like that, I don't know. Denkin. Denkin. All right, all right. I'll see. I know. I I've been seeing Denson because it sounds weird. See Dankin.
But you're not thinking it is. So the Denkin upgrade today is a huge milestone for Ethereum. It hasn't caught as on as the main narrative yet because it's super technical. True. But today the narrative changes from today on Ethereum L twos plus L threes take over Ethereum. Security, global scale, scale. No more compromising. Can any of you two explain to me what this all means in NBA terms? It's OK if you can't. I thought, I'm leaving, yeah.
This is this is the introduction of proto dank sharding. Here we, here we. Go. Yes, Sir. That's my boy. Go. There's time. For it, look at it, there's. A decrypt article about it. There is a decrypt article about it for people. Yeah, we don't. The TLDR as it reduces fees for L2's I think is the main thing you that's the TLDR. Yes, that's honestly, this is what I meant by explaining this to me in NBA terms. That's all we need to know.
The 312 people listening live and the 2700 people on video, that's all they wanted to know what it means for their, for their bags. It means that the gas fees, you know, are going to start luring. And that's something that Vitalik wrote about most recently. And he's been writing, replying to people a lot right. Like when you saw that tweet saying, remember the guy when he's tweeted abolish he tweeted abolish daylight saving. And this guy quote tweeted him this puppet like oh why don't
you focus on gas season? He replied to him saying, yo this is literally what this upgrade does. Pretty much. I mean he didn't say, yo, this is what this upgrade does. But in Vitalic terms you know it's this is what it's all about. So I would advise, you know obviously reading this article just put Dankin upgrade decrypt on Google it's there.
Dinger upgrade goes live. I'll show a new era for Ethereum. So it's, you know, our our very own Sander wrote a great article about it for those of you who want to get a little more technical on the matter. But what you need to know is that it will, you know, somehow help on the gas fees front. And if not, if that's still not low enough for you, there's Solana. I think this is the point it's it's it's trying to compete with Solana both from a speed and from a cost perspective.
So even on some of these L2's like Arbitrum, it still does cost you to to do. I don't know if you've ever tried to do like D. Fine stuff is very low. I've done D fine ARB like it's like even though. At times, it's been high. Like. It's it's it's been high in the past. It's really going to reduce that people have said like if if the data availability layer also gets merged as things like Celestia, you could see like a real flex for example.
Tia it might pump today because it that also gets unlocked with this. That's another way for L2's become much cheaper. Like Tia's been in a fucking multi month consolidation pattern around 1617 that's another coin which like could get unlocked with this. So some people have been buying Tia in preparation for that. But I think it's a it is, it is a big deal. I think it's a big deal if you really believe in modularity.
But by that I mean the idea of L twos, L threes, you know, you buying into the whole ecosystem play or beef if you're if you're more of a monolithic guys and like you like everything being done on one in one place like your Solanas and some of these other L ones like Avalanche for example. Or yeah, there's various different ones that have tried
to do it like that. Then then this isn't that much of a big deal, but this, this does this just really play into the idea that ETH is building L twos, L threes. ETH really becomes the base layer where it's going to be increasingly like you're going to be pushed to do stuff on on things like arbitrary and optimism and those coins as well, like it's really going to change the revenue of those
coins. So that's why people are getting bullish on like the L2 coins themselves on the back of this book. OK, I think. It's like by a factor of 10 or 20 increase the revenue of all these L twos. Yeah, that's good. I mean it says we are focused on scaling and reducing fees in L2 at a time when theorems usage is reaching high volumes again and gas fees are noticeable cost of to most users. And that's from a theorem core dev Preston Van Loon I was telling the crypt so it's this will.
This will not affect L1 fees, or at least it probably won't. No, it's four LP, it's 4. LP increase L2L1 fees, so don't expect your experience on Theorem L1 to improve. Yeah, no, it's good. It's good. Anyways, there's a there's a ton of articles about it on there also. Actually, I may as well. I mean I may as well bring Stacey up. What's up, Stacey, if we're talking because I just oh, can you can you get. Yeah, yeah, you see OK yeah, I'm here. I mean the the other article is
really from you. I mean, yeah. I was going to say like. I'm like, in the studio. What am I doing here? Talking. You know, I'm throwing a grenade at my boys when Stacey Elliott literally wrote the article about Theorem L2's Arbitrary Optimism and Polygon C games ahead of the Duncan upgrade. Did we do a good job, Stacey? And did we miss on anything? OK. I don't think you guys really miss on anything. You're you're right. Like we were seeing, you know, like people were looking bullish
on a lot of the L2 tokens today. Basically, the operating costs for all of these L2's are going to go down. Like you guys were saying, it's gonna get much, much cheaper to transact on there. Like already the value prop of the L2 was just that you can transact technically on Etherium but just for much, much cheaper. It's going to get even cheaper. So just I think the the economies on all of those L twos
is going to change dramatically. I think we're going to see a lot more volume shift over to the L twos. It's going to be really interesting. I think I was like watching the Ethereum dev live stream when it happened. I like grabbed that screenshot of like the ASCII art of the BLOB. There was this What's this BLOB thing? I've seen it around, but I've been like I might. Have not I mentioned blobs? And. It is. It's data. I don't know if I can go too much farther than that.
It's a way that they are organizing data that is way more efficient and cost effective than it was previously 'cause. I was. I thought it wasn't OK, got it. I was like 10,000 blobs on blast, you know, the blast blobs. We're going to get the blast blobs, we're going to Solana blobs, we're going to get the the Arbitron blobs soon and everything I thought it was, I thought it was going to turn into a whole NFT Project meme
coin for a second. That's why I thought it was, but you know, that's I would be shocked. If we don't see like a BLOB and a tea collection, really. Like. Like probably today. Literally it's really gonna happen today for sure because that's been the big thing just going around before we go into into what we want to talk about about D Jens and what we're
building on there. Obviously there was on the you know still since we're talking L twos like base, there's a Frentech Frentech Frentech V2 has a date or at least close. They're saying Frentech V2 is launching the week after 4:20. So we have somewhat, we don't have a date but we have an air. I have to say I'm a big fan of like I'm a big fan of the content. I love this stuff.
I love this. Like, I think it's so cool, but you know, let's see what it is. I think I'm starting to feel like a lot of people may be sleeping on this, given like the past, like how it was we waited this and that, the ups and downs and frantic. I don't know how you feel about that, Mando, but I think a lot of people are like sleeping on this. This could be a really big air drop moment for the space. The points for trading at a high level recently? I don't know.
Like you need users, right? This isn't just like an air dropper. Hopefully, hopefully, they actually get some users back. It feels like Forecaster did a much better job in like taking control of that social aspect again. But let's see. Maybe they're going to change things and incentivize users in a different way. Yeah, let's see, Let's see, let's see, let's see. So there's that.
And then last but not least you know there's a few things obviously on X that went down that I thought were was hilarious but this guy here shout out to Brenham Schlagbaum CPA imagine having crypto as your only hope for wealth so that that was a funny one that that did the rounds you know obviously was was memed to to Valhalla by by crypto Twitter. So good job CT fellow C TS I know you're. Going to retweet him live now. I was going to quote, tweet.
I usually do quote, tweet and reply to people live on Air CC. I'm going to keep it PG here. But you know, it's just, I have to say I love it when CT like, you know, he's the meme, right? Like this meme has been going around for days already and now you have him filling the meme. Like the memes just write themselves, you know, they we are so early, we're so early. Y'all. And you know what? There's nothing that brings Ethereum Maxis like Evans.
And so a lot of man sees like Ansum more than a common enemy, a mutual enemy. Like we were literally talking about Evans yesterday, right. OV Amanda. It was so funny like how he's like more on the at the air Maxi side and I'm looking at this and I see Ansum and I see Evans dunking on him. So there's nothing that brings CT more together than than something like that. And I absolutely love that. You know, we have, we have and then you have Jebus. Everybody look at it.
I mean Loom Dart, Bitlord, poor Dart. It's so funny though. Everybody just just started you know piling in on that of course K money you know gifted us with another great video. So I thought that was super funny on the on on that side. And then the other thing of course I mean come on are we gonna talk about this sailor? Hold on this is not the this is a remix video. Let me get you the. Video is amazing though. You gotta watch the video. Yeah, I've. I mean, I've watched it 20 times.
I do have to play it one more time for the show. I mean, we have to. They want to sell it. Eventually, because they well. Because they want to sell it eventually, Michael. I mean, let's be honest, most of the people who are, yes. Sure, if some. People pass it on to their children, but like most of the people who are buying assets at some point want to sell the assets at a profit. So I. Mean. Let me say it a different way. People that use Fiat currency as a store of value, there's a name
for them. We call them poor. OK. Anything in the? Poor state because they. Based. Based chose Rich Savage, like all of the above, like, Oh my God, man on national television. But it was funny. You have a person that owns much less assets than him trying to like in a like, write Stacy in the most patronizing way and belittling way. Tell him what assets and risk management is like. Dude, this guy's like a multi billionaire, you know what I mean?
You try to teach this multi billionaire what assets are you? News Inc. You know what I mean? It's like sailors comes on this show. I'm not going to tell him what to do with his assets. I want him to tell me to that I'm poor. You know what I mean? I would love for him to come to the show and tell me I'm poor. Anyways that. Would be a. Moment. And on the back of that we saw champagne Poppy. You know the champagne poppy. Drake sharing that as well.
So the clip is like super viral. Saw it into crypt as well. I know you guys picked it up and wrote about it, so I thought it was super fun. Had to share the rest on the show today. That was a big highlight yesterday. I think I watched the video like 20 times over. So hey, if you don't own Bitcoin, you are poor according to Michael Saylor. Well, I have Bitcoin puppets so I guess that counts, right? Anyways, there is that I know I'm running out of them.
I got to talk to you guys about Stacey and stuff. I see Richard already joining us on the show on the on the in the in the studio. So we can talk about all this, but sorry, there's just so much to talk about again in the space that I never hit on everything. We'll talk more NFT stuff later with Tensor announcing the AirDrop magic, Eden Diamond AirDrop for 8th Traders. Like there's a whole war going on on that side of the marketplace, and I am here for it. Love that it's only better for
the user at the end of the day. So anyways, Stacey OSF Mando, let's talk business. I heard. No, I mean, I heard, I've known for a while now, but I was really happy to see The Post go live yesterday across D Jens, the Crypt Rock Radio or all our accounts, blah blah. The Crypt and D Jens are partnering for the launch of D Gen. Alley, which is a super, super cool product and tool that we're really happy to work on
together. If you're familiar with this show, you're obviously familiar with D Jens dot finance because it's really the product that the boys have built with their team. We share it every day on the show. We'll continue to share it every day on the show where we're talking NFTS etcetera, etcetera. There's a lot of stuff there. They track ETF inflows, outflows, they track what's going on with blast. They track Alpha, they track, there's market reports, NFT reports on across all chains.
They cover like Bitcoin, Solana, ETF, NFTS, volume. It's like they do one stop shop for everything and guess what it's free. So that's the best part of it all and we finally finally partnered with the boys here to to launch you know the product on on the crypt here. So Stacy, maybe from your perspective can I want to want to hear from you, you know what's what's, what you're going to do with this and how you're approaching on the crypt side.
And of course like mind OV happy to chit chat about this permit with Y'all before we get to hive mind. So this is it. It's great to like now have a hub that like all of our market stuff can kind of live in. So basically that's what D Gen. Alley is like. This is the place that you should be going if you're trying to check prices. You want to figure out what's launching soon, who's minting soon, when things are going to drop I. Don't.
Know I I love it because we kind of borrowed some of the look and feel of like D Gen's finance and kind of like brought it into the crypt. And then the other thing that's happening with this is that we're also going to have you can see on the screen now these degens reports. So if you already have degens and you already have access to it, basically what we're going to do is like give you a year for free to decide if you want to keep paying for it.
And then for everyone else, it's this is like a $40 a month subscription thing to get access to these like special Alpha AirDrop reports, basically what we're doing. And these guys have been doing this for years, if you don't already know is they're looking for the NFT collections and the different AirDrop opportunities. They're doing all of that research for you, putting it into like a really nice report. And they were wrapping that up and sending them out every week.
I kind of want to at some point start trying to figure out, like, tracking, like, how much money. OK, Like if you'd signed up a month ago, here's how much you could have made, like that kind of thing. But like, this is the stuff you need to know if you want to save yourself some time and still kind of get involved. Like this is how to be kind of like a a well researched D Gen. and not just kind of like Yolo on everything that looks cool like someone else. Do the research for me.
Yeah, if you want to, if you want to get a little bit of help. This is probably not for like the complete 101 noob like I just got my first wallet yesterday. But like if you're far enough that, like you're interested and you want to like try to figure out what kind of air drops are going to be worth your time, what NFT collections you should be watching for. Like for sure these reports are worth it.
You know they're trying to get you the information early enough that you can actually do something with it. So yeah, I I think it's really fun. I've had so much fun and like learned a lot just by like editing and building out these reports. I'm the one who's going to be managing that on the decrypt side. So yeah, I I'm super excited. I I think we have a really nice like collection of like market relevant trader data that like it is now just living on the site. So it's really good this.
Is like a super force. Like you have obviously what OV men have been building. A lot of you that are listening to the show obviously are part of the Degenz community. Like it's really there's always been a massive crossover between rug radio and and and and Wreck Guy Degenzos communities obviously mostly because of this show. And then you have the superpower, which is the powerhouse that Crypt Media is, is a media powerhouse in crypto.
And so and so now we have kind of the merge of both worlds in one place where you have the articles, everything, even Mando minutes, even the fastest growing newsletter in crypto. You can find it. OK, even the biggest one is there. So Mendel mail from your perspective, love to hear that. I saw you guys put a thread out about on the pressure with the crypt. I shared it, people can go read about it. But what does this mean mini from your perspective?
Also for for your community, that's probably asking about it. Yeah, we've we've we've done like long form reports in the past and I'll be honest and say like crypto crypto people can't read. So the the, the key is to make him as short and as actionable as possible. That's kind of the different revolution that we've done, have
done with these. There's a lot of places where you can just like find dumps on like which air drops are coming or which drops are coming, but very little curation or very little understanding of what is actually valuable and what is worth your time. So our idea is for each week to provide kind of short, you could read it in a few minutes, concise updates on which air drops, which drops are going to be worth your time, give them, give them like some sort of a
rating. And you know these airdrops can be worth multiple thousands. Same with the drops if you do them right. So the idea here is that you know you're hopefully going to get a return from from your time here and it's going to be different than just like a a mindless feed of like one of these drops websites or one of these airdrops websites. It's very little.
It's very difficult to tell like OK, this is a top tier AirDrop which I should be spending my time on rather than like is some mid tier you know, app on Solana which I'll be farming for six months and I'll, I'll get like 10 bucks out of. So I think that's the idea, what we're going to do here. Like there's clearly a lot to be made in this world right now and I think a lot of people are a little bit, a little bit paralyzed by it. They just don't really know
where to go or how to move. But they know there's money to be made and I think our idea is just to hand hold everyone a little bit and make it as easy as possible. Yeah, I love that. I think it's super cool. It's very like, you know there's I know there's the whole saying like a first ask later, but I think you should ask first, you know mostly when it comes to like actual research and stuff. So it's it's great and we have, you know great people
contributing to that. For example, Stacey who's on on the on the show with us today. So really exciting. Of course any partnership collaboration that entails being with friends. I think that's what I'm personally most excited about. So thing is really cool. I don't know, Stacey, if we wanted to add anything to that before I I move forward. Hi.
I'm just really excited because like I've seen what these kinds of reports can look like when you're in like a super like tradfi setting versus super dense and it's like 10 pages long. And like you have to read the whole thing to figure out what the hell you should do in your portfolio. But like this is not that like you're going to go from like getting this report to figuring out what you should be clicking through to and what you should be doing like within like 5-10 minutes.
So like really super easy to action stuff and like. Obviously all the links in our reports are like, like safe to click. That's the other thing is that, like, I know I've been talking to some of the guys about, It's just that I want to emphasize that like, you have to be really careful out there when people are saying, oh, hey, here's an AirDrop, just connect your wallet. Like, don't worry about it. And like, it's not safe. Like, so you're not going to get SUS stuff from us.
You're not going to get anything that's easy or like not safe. Like we're doing all of that check, all of those checks, all that research for you to make sure that, like, it's clear you can click this stuff, go and get your gains. Yep, 100 percent, 100%. So obviously be careful with that. Like there's there's never going to be mints and all this good stuff on there, signing, wallet, all that stuff. We don't do it, so check it out,
have fun. It's pinned to the top, so if you're on Twitter, space is with us right now. First of all, remember to retweet the space because we're definitely not done here. And second of all, second of all, it is pinned. So decrypt, posted, D gen's posted. We've all shared it. It's there, you know it's it's there's all, it's all pretty self-explanatory, but it's a lot of fun. And also your favorite show in the world, FOMO Hour, it's going to be on there too, you know and index everything.
It's obviously, and it's only going to keep getting better.
So if you have any ideas, if you're in the audience, if you're a decrypt reader, rug radio holder, you know, Digens community member, FOMO hour listener, feel free to just hit us up. Like if there's things that you like to see, things you don't like to see, things that you think could be better, you know, obviously always open to to making this better because we want to really build this for for the people to cut that come in and to be able to be educated
before, you know, getting involved financially and with their energy and time into the space. All right. Well, Stacy, thank you very much for coming today. And actually, you know, maybe when we have these like Denton upgrades and all these like big brain shit, I need to just call you. So instead of throwing grenades at my boys, here the. Technical come back on we should do like a Bitcoin having one soon. Yo, consider that done.
You know what? Let's do it closer to to the having if you want, but like super down, consider done. We'll do a special on that and then we'll have you come and chat all things Bitcoin. Thank you, Stacey. Bye. Guys. Appreciate it. Thank you. All right, all right, all right. Well, last but not least, we have a packed show today. It is one of those fun shows. I love to see it. Who I can see I can already.
I can see the studio. We're going to have to debate which is the biggest flex in the background between all four of us. I'm going to bring Mr. Richard on stage here of Hive Man Capital. Richard, good morning. How you doing? How? You doing Ted? Where? Thanks. Fantastic. Look at that. You got the ringers in the background. Look, you got a flaunt if you got it right. This is bullish. This is bullish. This is this is literally the thesis. We're done here. Yeah, I mean, pretty much, you
know, valley rises to the top. The three of you ring us on the wall, and you. I mean, what more do I need to say right? The. The the study Study Batsup Yum's Pyramid post. That's Sam Spratt who's listening right now. I should reposted, I think yesterday like Study the Pyramid Cream rises. We got Mando in his newly bought mansion. It's totally not a Google a
stream yard. You know background bull market man bull market Mando, you know Hana, our head of partnerships, that the team calls him Money bags Mando or Money Mando Money bags. She started calling that yesterday. I love that I'm. I'm gonna use. That I think that stinks for sure. Yeah. Nine of the money backs you got OV flexing a little auto glyph you know casual here $50 print for half $1,000,000 NFT and I
just got a whole bunch of stuff. I'm more on the this is the left curve background love it you know little dark farms right there and my Penguin you know both shoulders like evil and I'm kidding. And then last but not least we got the beautiful ringers here Richard. I mean listen the a lot of the conversation lately has been around NFTS, ETH, NFTS and you know, you know we, we tend to not talk a lot about the world of crypto art.
This world that you guys at Hive Mind Capital have entered in a pretty, you know, you've made some noise, you've entered it in a big way. Do you want to maybe give yourself an introduction so people know you know who Richard is, what hive mind capitalism, what you guys goal is in the space? Sure. Let's try and do it quickly. At heart I'm an ex tranfi nerd. In fact I know two of these individuals from from that
background. But at my deep core I'm a developer by background and and still at weekends I I, you know Moonlight is a full stack web three guy and that that's kind of how I I like to learn blockchain stuff. So what do you have? An. Alt. Do you have a malady alt? Do you have a malady alt? I bet he does. I bet he does. Moonlighting on the weekend. Doing doing. There are things you could find out out there but a different day. Yeah. So yeah, I'm a dev by original
training. I, I, I, I'm the head of research over here managing partner, look after our our trading side and also you know part of the team here pushing ahead with digital art and what we're doing at Hive Mind. We we are an institutional asset manager you know bridging capital for institutions into the digital asset space. There are lots of ways to do that. You know, we think it's important to have good products but also good timing and you know we went live with the
liquid funds a year ago now. We think that was pretty good timing. We kind of think this is similar, right. This is, yeah, NFTS are unloved
a little bit. You know we've we've taken a lot of time thinking about our thesis and how it works and testing ourselves and the idea has morphed a lot but you know we're pretty happy with it and you know we're digging deep and indeed you know we may not have come out publicly what we've been doing but it's quite nice this one for those that know, you know we instead of just pitching with a flashy deck we're able to show a seed portfolio of you know the things
we think matter and and try and walk the walk and and you know that's where our focus is bit. I love that. I think that is a great introduction here. And so Speaking of walking the walk, I mean you know you came here to discuss something that we've spent on the Twitter spaces now. So if you're on spaces, it's been, if you're on video, I'm going to share it on the screen
in a second. But today we introduced the Hive Mind Digital Culture Fund, a curated collection of generative art and digital culture that is emblematic of the rising digital art movement. And so obviously part of this you guys have acquired a, you know, I think out of a lot of art. It will come out like stay tuned. Like what's No, no, no, it's fine. I mean again at least two of two, three of the conversation. No, no, no.
Plenty of the pieces. But you know there's a, there's a few fun things we think to reveal and and show where we've been busy and yeah, but also show our style and what we're trying to do. Right. We're we we we are thankful for, for being the second mouse to get the cheese. Yeah. Like we can learn from what others have done. We can study and observe. I am quantitative by nature. That's just my history I guess. But you know we've had a full cycle. We've seen the data.
We get a feel for how it can behave. And yeah that's guided our thesis. So you know we we are we're thankful for those lessons trying to do it a little bit differently. So it's good to be different not just you know so stand out and you know we want to go deep like it's it's about going deep in collections, supporting artists, moving the digital culture, the the digital art that represents that forward.
As you know as an overall movement not just individual pieces that are spread broad and wide, but it's about that that depth and direction. And so yeah we think we think we
have some pretty good ideas. We think we have some good advisors on board some of it not yet papered but thanks guys and you know we we we yeah we we look forward to taking the inputs of all of our backgrounds and so try and find nerd like yeah so allocating capital to a space that's semi liquid is kind of kind of a thing I've spent a career doing but also bringing in renowned collectors thoughtful art curation types bring support around the edges for all these parts so that we
get the whole package together. It's not just again random pieces but a thoughtfully curated collection almost working backwards from where we see this space going right. You know value of cruise to the top. The wealth has been accumulated through technology. Blockchain has been a great enabler but also a catalyst for that and and people feel comfortable redeploying that into a space associated with it. You know it's a it's a different, it's a different space.
Plenty of people by traditional art who would have not yet considered but probably will one day consider the digital space.
So you know we think that is an opportunity an emerging asset class in an emerging asset class and that we we want to be right at the forefront of that helping both people who have done very well in in the space and Congrats to everyone you know who who just wants the diversity and not to have to think about it and also more traditional institutional types and who you know they collect trend up but they they don't have the exposure yet or know where to start.
So you know, that's that's where we come in to help show them the ropes, look after it for them and you know, really curate something to be proud of and elevate the value for. So so you're like one of the biggest funds kind of come out off like you you you got that you said your ex Trafford like us kind of were known as one of the biggest funds to kind of spin off from that. What was it, two years ago? Did you guys start like, Yeah, so like. 11Q1 Q 22 bit, yeah,
great, great time. Just it's it's been a little more, yeah, it's been a journey. What's it like like now because you're kind of still I guess more attached to to that world still or you're still probably close to them just like us. Like anecdotally, is everyone giving you a call being like hey is that crypto fund still going like I see if Law is a new dislap fund can I can I jump a ship now like. Everyone wants to be now. Yeah.
No, I mean my, I'll be honest my, you know, my imessages lit up. Obviously it's it's the old world. It's normally it's not not not any other medium. But yeah we we we've got quite a few things coming that way. But most of my conversations are you know NFTS, they still think firstly yeah it's it's not unusual for me to be associated with three letter abbreviations that no one likes. CDO was another one of my career. So there you go.
But yeah, people are people are warming up to it again. It's no longer you know the e-mail from old old CIO saying Are you sure you did the right thing. You know people are people are interested again. So but it it takes time like you guys you guys know it's those are monolithic entities that there is no fast movement. But the good news is people thought about it long and hard last cycle. So the distance for them to do this cycle is, is is less, less of a jump.
But you know, we focus on leaning in to regulation, all the horrible stuff no one wants. But we, we think that to bring the institutional capital that's what it needs, talking their language, being thoughtful, being painfully careful about moving assets and all such things, it is painful, but it's also the right way and it's a lot easier to do that lift when there's light at the end of the tunnel versus the last 1218 months which have been pretty brutal.
Right. Like you're talking about entering, you know, starting Q 1/20/22 which you know tough, tough times that the whole time, right, 2323 for all of us across the board, I mean. Everyone's felt it. Yeah, absolutely. Everyone. We all did. Yeah and and look we we pride ourselves in being decent castle allocators and and pivoting and moving and you know with the time switch that means adjusting
and being thoughtful. And you know products that we plan to launch haven't launched, new ones have come up, new opportunities have come up. You know, you can't stick to anything. Like in this job it's every six months. It's like it's a brand new mindset. In Treadfire used to be able to go 24 months because every. Every six. Every six hours, Richard. Every six hours. What? I'm old. I can't do that six hours, but you know, give me six months.
Broad brush, like what are the things you're looking at Like now that you said you said you've gone through a cycle you you don't want to make the same mistakes other people have. What are, What are, What are the top things? You're thinking about. Yeah, mistakes might sound a little more aggressive than I intend, but yeah, we we have the luxury, literally luxury of being able to look back.
So yeah, we don't just want to apply capital, buy a load of pieces and hopefully go up in value like the the last cycle people buying NFTS, it was hard to pick what was going to be Lindy, what would last. If you're buying in the heat at the moment, now we know like you know, bring us Vedenza's. These things are talked about daily by people like they're they're still in the psyche. They're clearly part of the
culture there. There are prolific digital artists that you know may have inspired the OSF, for instance. You know, well known out there. Everyone everyone in this space knows that that may not be a cup of tea for folks outside of our space yet but but things change right? Yeah, taste change and and culture and art, they're symbiotic right. So we we think that moves.
You know we've been fortunate that again we've seen pieces into the mainstream auction, the mainstream auction houses clear for large prices that that helps give you the confidence to then look institutional allocates in the face and say look this is this is a big space. Look how big it can be and how small it is relative to the total art space overall. So you know that helps us see the opportunity. But you know what what I want to say is we where we want to be
different. We want to really work with artists and support them and you know the the desire and we've taken a lot of roots around this together is to be very focused and go deep on a movement. So you know we'll we'll spend a lot of time upfront thinking hard about what comes into the
portfolio. Yeah that might mean it's only it only ends up being 6 to 10 core collections, but then supporting pieces around that the the Preston pieces that led to that collection, the pieces that were inspired after that collection. So thinking again how this ends up as a, as a as a curated collection that could be displayed in the museum or exhibited somewhere or travel the world and you know help raise the artist's profile and
work with them. Like all the things that digital assets allow for so much easier than the than the analogue version. You know we hope to lean into that and and that's yeah, that's where our efforts have been going. It's it's been a it's been a long journey but really excited to start to show it off. Keep watching everyone for the the announcements. And we're going to see the big reveals. The big So wait, are you? Are you 6529? Sorry, Are you the one seizing the memes of production?
He's a milady. For. Sure, milady on the weekend, dude. Why don't like you have like that or you bought the did you buy the alien? The the alien was not me. I can say that. Whenever a big trade happens, where is this you? And they always deny it, but I'm sure. I'm sure this this man right there, this man right there came and all suited up with four ringers in the back of his thing announcing this culture phone with hive mind. There's something there. There's. I I am.
I'm very proud of the SEA portfolio we've we've put together very there. We go, here we go. We've heard that one. No, I'm I'm, I, I will deny firmly, deny the alien. Unfortunately, you know, I I wish. Legal counsel in the audience. Is that what it is? Hold on. Yeah. Exactly, yeah. It cannot mark it, yeah. It wasn't. Yeah. Nothing I say advice etcetera, etcetera. You know, we don't worry. This whole show is 1 big NFADYOR from the get go question for you
Richard here. Obviously like you, you you talked about when you came in, you talked about how you stayed, you talked about you guys are still in and you're still, you know, heavily, you know, investing, investing in the, in the, in the, in the space and the arts side of the space as of most recently. But I'll let you guys announce that when it's ready to go. What makes this an opportune
time to enter the market? Obviously generative art, art market we were just chatting with as she seed phrase before the show. Just chit chatting, the group chat with all this and stuff like that. He's buying, he's always buying Gen. art. He's super bullish turbo bullish Gen. art in the eye. What makes you guys bullish about this? I want people to hear it because like everybody loves to FUD and attack art blocks, floor prize or squiggles this and that.
But like dude, it's got nothing. It's not a shit coin, you know what I mean? Like, do you want to explain why, from your perspective, you guys are, I like to say, pretty smart investors? What makes this an opportune time to get into the market? Well, yeah, timing is timing is
everything. It's always the hardest thing to do. You know we we have a track record of a career built on allocating capital when others are, yeah, it's cliche right, when others are fearful, that's the time to to look and bless Charlie Minder. But you know, we we are where we are. The space has had eyes turned away. We can see all the reasons they all make sense. All of us I'm sure have got assets locked up farming air
drops left, right and center. People aren't aren't there to, you know to deploy their new found wealth yet into this space there. You know when you have to take liquidity from a market and the debt isn't there, the only thing that can change to clear the risk is price. And so prices went down, it's what it is, right. But we believe very strongly that is it's part of the culture out there and digital culture is a real thing that's coming.
We, as mentioned earlier, like it's the wealth effect from blockchain has driven people who will be comfortable buying these assets and so it's aiming at the blue chips, right, buying the top of the top. The value accrues to to the very best always. And you know it's hardest, the hardest trade in the world and hopefully Amanda, you'll back me up is always the mezzanine trade, right? When you're stuck in between, it's not one thing, it's not the
other. But you you pick up Braille pieces that other people can't get hold of, like then you've got them. That's it. It's no one else can get there. Like for example at the. And I'm about to shoot myself in the foot here, aren't I? Yeah, but you may have seen out there Tyler Hobbs return zero. The the algorithm that led up to the Fedenzas, there's only one
of those. There's only one NFT and we we we may well have required that to help be a cornerstone underneath a collection again something other people now can't do because that for yeah anytime soon. Like yeah we're we're big fans we're big fan of the the work his his work ethic the the Gen. arts face the the blockchain. You know I mean I know everyone throw shade at art blocks but what they've done algorithms embedded on chain.
I mean, it's a beautiful thing like it it it stands the test of time or we we think it will. So you know we are supportive and that that that naturally fits in as one art movement within the district culture that we're trying to curate here the generative art, it's not the only piece but you know there there are a number we we flesh them out but it's you know the value is always unevenly distributed out there in life.
And so just aiming up the pieces that are going to accrue the value, that's what matters And so the the timing. Now, yeah you can't always choose when you launch these things sometimes you have to you know they're non fungible. So when they're available, they're available. And you know, through last year there was certain prolific, well known collections that were liquidating, which meant there were pickings to be had and you know, other people were
distracted by other pieces. So maybe maybe we took a little look and saw what we could find and try and pick. A few rails. Tails. We've covered all of that. We called them all of it I. Mean maybe maybe something in there, you know, might might have been, might have been for us. You know, we saw Danny's selling his collection of art to sell the bees last week. We saw we we follow it. We got our finger on the pulse and formal hour. We're following the artwork closely here.
We love it. And you know when, when, when we see Heath hit all time highs and then smash past it and this cycle and then at another level, then you know again there'll be genius whole load of wealth to racism. There'll be geniuses. Yeah, yeah, exactly. And. And you know, the best way to show you're a genius is buying a really nice piece of high end hearts that that everyone's proud of. Yeah. Yeah, I love that.
I love that. Listen, it's, it's, it's love to see it. I think it's really cool what you guys doing and you know, it's it's good to hear that some people have actual belief in in this space and it's not the everyday D Gen. right. Like it's people who are like really, you know, you guys have a long term perspective. I mean what's your vision, right? Like kind of like last question, he would be like what's your
vision, right. Three to five years you're making these important investments with a fund. Of course you must have a goal in mind like what's the long term vision for Hive mind capital? Sure. Well, yeah, we we think this is a space that you know over time becomes more mainstream ultimately, right. We, we think the digital culture is here to stay. Obviously blockchain is here to stay. We've thrown our whole lot in like we were, we were, we were normies doing transfer things
and that was great. But joining forces with with some digital natives putting it all together, we we think there are opportunities here and we we think as that normalize normalizes the opportunity set will grow the pie will just get bigger and it's not about sharp elbows and getting everyone out of the way to get get access to the one piece although that helps with art obviously. But it's about growing that pie and we think that we can we can help do that specifically in
this space. We think that the benefits of NTS on blockchain as a medium like it's it's just a technology to deliver art. Like people get very hung up on NFT and like oh you know right click save as and like yeah great good you've you've misunderstand the whole concept. Have you ever bought a Prince in the art world?
Yeah, yeah. Well you know you're not how do you anyway you you guys will get the joke but the conversation is quite a regular one and over time it just normalizes and people see these things auctions at Sotheby's all the time at Christie's and and it's like, oh OK well now, now this is a meaningful part of the art market. And right now whilst everything went crazy in the post COVID world, digital art is still a small slice of the global art
market. So yeah, we think that this is a is going to be much bigger and that as that goes on museums will will want to show this off like more and more. We we have some connections already and some great discussions going on in the background and we want to have a a collection that is curated that people would be proud to show off and and so that's yeah, that means a lot of hard work and thoughtful stuff up front to make sure you end at the right
goal. It means we might be a little slower than some would like us to be. I'm sure like everyone would love us to come and buy their bags and I get it, OK, I do this thing personally too. I fully understand it, but but slow and methodical to get to the end goal and build something to be proud of that the value accrues to. That's that's our game. I love that. I love the value of Cruel Thesis. I think is very true.
Relpan is similar last week we roll on Thursday and very off you see very similar mindset talked about how he just hit him that like all the value will occur like art and FTS and crypto art and he I think he just picked up an edition of 10X copy himself so love to see that. Anyways Richard hi of mine cap thank you for for coming today. Thank you for for partnering with us and looking forward to to hopefully doing more with you guys and keep championing the
art. I mean, we need people like that. So appreciate what you guys are doing. I've. Been great. Thank you guys. Hey, Richard. Cheers, man. So Mando, he bought the Alien, right? Oh no, we're not on. We're going to buy a lot of things. No, we're not on the record. We're not on the record. No, I'm just kidding. You can hear a lot in the studio die. Love it. And I love that. Yeah, I'm sure we'll hear about it. I'm sure a lot of people will hear about this.
This is awesome. They've been busy. They've been busy. I love that. All right, Mando. Well, I'll see you tomorrow morning and or in the order books during the day. I think you have wrecked radio in 17 minutes. You're. You guys are you guys are interviewing a big trader today? Who? We interviewing. The thread guy the. Thread guy. Yeah, that was a KDMS thread guy love fest that decided to have on that.
I don't really know what we're going to speak to thread guy about like he. Took a whole 2 trade in his in his life in. Crypto. Yeah, MOG. We're going to talk. Basically have a whole show about fucking MOG. Morgan, Actually, I could use that. Morgan Puppets, right? My aligned with it. Will be those 3. This rug radio, like you know, my bags are very aligned with Threat Guy, so I like that you
guys are hosting him. Anyways, with that, with that, with that, we'll see you tomorrow morning, 10:30 AM Eastern Standard Time for another episode of Formal Hour on Rug Radio. Let's go.