And it's a it's a beautiful day and have a beautiful day on this. Beautiful day. Good morning. Two and three with Baroco, San Fernando, TuneIn Live at 1013 and it's all on the road radio. And it's a. Beautiful day Have a beautiful day DMTM. Radio GM, GM, everyone. You got that theme song in your head now cows. It feels like you're now. It is addictive right? We thought about changing it a few times and we're just like this is it's so J6 has done a real good job with it.
We need to change in your guys names for this week cuz it still says OSF and farok but. Wait, what do you mean? What do you mean we are? We are OSF and Farok. What are you talking about? Yeah, who's. Who obviously I'm Farok and cows is OSF. What you're gonna say? Cows is Farok. Like OK, like. Could be. Could be on a blog. Night. I've been working like three years to be farok so. You. Can't take this for. Me, OK? From the Farok arc. It's his birthday today. Big big event in Korea with.
Boy, Apes Ucolabs feels like it's been a big success. He just sent me a message being like we shut down Korea tonight, so. I actually like I was writing up a happy birthday post and I found like I think the weekend when like Rug Radio Spaces was born. It was literally Labor Day weekend like this, this like September 6th, 2021 and it's like Faroaks PFP me. On there and it was like he didn't sleep and it was like a whole like 2 day rug radio spaces.
It was crazy. Those were the good times. It's been so nice like watching him build for the past few years. It's been really. Cool. You were there at that time, I didn't realize. Yeah, look, I even have a photo. I've been there since the beginning, since, like, clubhouse. Like, I've minted my board ape like the first week within the first week. So yeah, put some respect on my name. Yeah, yeah. And. And I was there like right when cuz we called it rug radio.
Like I was a part of the few people with farogue to call it rug radio. Because why? Because Twitter tech was so ruggy. So we called it rug radio. God, you're a real OG. You're a real OG. I didn't realize it. I think I only crossed paths when we first started our show, which was was that 18 months ago? Something like that. But yeah, I didn't realize you were there, there at the Genesis. Wow it. Was Genesis. I wasn't there. I wasn't.
Working on that stage. I was there so that now you know the history. Yeah, what a journey for him, it looks like. What a journey for you as well, right? We're gonna start with our sponsors today. Obviously they came on the show yesterday. I thought they were. I thought it was good speaking to them. Hopefully. Good shot at doing this. I know there's not a lot of love for marketplaces, but.
I think they've got a good chance of the way they're doing it, but we are powered by cracking NFT for the rest of the month. We're gonna have a bunch of different things with them over the next month. cracking.com/rug radio to go check it out. I think next week there's gonna be some stuff with that guy and Leap and then, yeah, Farok, it's all over it for the rest of the month as well. But yeah, they came on the show yesterday. I thought it was really good. We're gonna do the same format
today. It's gonna be slightly short. So I realized that my phone could die at any moment. So if that happens. You know what happened you guys, that's why you guys are both Co hosts. You guys are gonna have to just take off, take over the stream if that happens, but we will, We'll get straight into it because I think the last 24 hours was pretty eventful, like there's quite a lot of stuff happening even during the bear
market. The first piece of news was about this ETF that came out, Kathy Wood Hero. In this space, including myself. Came loaded as well. Yeah, for sure. You you have a different sort of relationship, which feels like Kathy Wood and yeah, like. What does that mean? Like what I only. Fancy Kathy Wood for sure. There's just no doubt about it, no. Comment. Wait, what? Who's Kathy Wood? I have to Google this person. You don't. Know how Kathy Wood she's the she is.
Wait, he fancies this person? For sure. For sure. Wait, what is? She doing wow, She's the head of Arc, which is the company that filed for the SPOT ETF. She's a very, very famous tech investor. She's got involved in crypto quite early. I fancy her also. Yeah, and she is leading the line it seems, with this ETF spot application. Interestingly, she's the only person to do it. We haven't seen BlackRock now come through and do one or Fidelity, but that could happen
in the coming days. Remember BlackRock did it first for Bitcoin and then all the others piled in. So it could could happen now with with EVE and Eve pumped to like 1670, went up a whole 5% and then went straight back down again or whatever, three, 4%. Then we straight back down again. So it was kind of depressing because it was just like, this is really good news if EVE does do an ETF like that is a very big deal and no one seems to care. So what did you make of it?
Count. It just feels like it reinforced my view that there's like one big seller out there essentially. Obviously spot ETFs are great for the space in serious L ones. I think I feel like Bitcoin and E will be the only ones for now until we start to see some become approved. But yeah, as you just said, like spiked and then immediately got sold, which was didn't feel
great. And reinforced that there's, yeah, my view there's one or two massive sellers who are just whacking any kind of upward movement in price and that's why we're like crabbing along in this range. It's tough, man. It's tough when you see this sort of. We've had so much good news over the last over the last few weeks and yeah, it does feel this is the actual point us off about it all. But you had this. You have the salon of stuff that
came out with. With USDC and PayPal, you've had just a bunch of different things which implying that Tradfi is gonna come into this space and I don't know, just. Wait, wait, what? What is that? I was taking notes on Kathy Wood and I was just enamored. So what? What is the bad news? I don't understand. There is no bad. News, but the prices. The prices did not reflect that good news, essentially. Oh, the price is the bad news. Yeah, exactly. Like we we we went up initially.
Let me just check it out now where we are share this tap instead. Yeah, Jesus, we have just we have just stopped. I think we're only up nought .3% even after that news, which in a bull market that's the sort of news that you go up like 1020% in a day, but. Definitely. It feels like in bear markets there's no one, no one seems to care. But I think a spot ETF for Eve in some ways could be even bigger than for Bitcoin, because.
There's been a lot of questions about whether it would be classed as a commodity and this would be this is a much bigger deal for that so. Wait, what Is a Spot A spot ETF? Yeah. So there's two ways that they've been doing ETFs. One of them is with futures contracts, which is it's just like a I'm trying to make that in a different way, but it's a, yeah, derivative contract basically. You don't actually own the Bitcoin, you just own the derivative on its price.
I know that might not make a lot of sense, but that the there are already those sort of ETF's out for things like Bitcoin. The big thing for Bitcoin has been the spot ETF. The actual we should involve buying of actual Bitcoin, and that would be the same for if ether was about to do an ETF involve these funds actually buying spot Bitcoin, which could lead to a whole lot of money buying Bitcoin, which could be a big deal. So spot ETFs are definitely more
important than futures ETFs. In terms? Of what do you write here? What do you write I? Should even see what that. Says spot ETF, but okay? What's the difference between sorry, spot and futures? Yeah, so a futures contract is a derivative contract. You don't actually own Bitcoin. You just own, basically on platforms now, like you can trade futures of Bitcoin or you can trade futures of E They're normally classes, perks, or they can be actual features themselves.
And when you own one of those contracts, you don't actually own Bitcoin. You basically just own a bet on the price of Bitcoin. Whereas a spot ETF would involve you actually owning the underlying asset. So they're much more important for flows of money coming to the space, because it's not just people betting on the price of of Bitcoin E going up, it's actually people owning the
underlying asset. So if that was to happen, you could see 10s of billions of dollars come in and buy things like Bitcoin E, which I think would be a big deal. And Kathy Wood, she's proper goat in my mind. She has wild expectations for the price of Bitcoin. I think she came out the other day and said she thinks it could go to 1,000,000 over the next 10 years, which I like. People like that. I like people dreamers. They always make you feel good. Yeah, she's the eternal
optimist. And you know, I respect people who just take, like. She's taking some beatings. A lot of her funds have not made the best returns and she also so sold and video. She took a lot of flat for that selling in video before this like massive pump. But she just keeps coming back and like everybody loves to try it right like and she's been reasonably successful and she's just like keeps banging the drum for kind of attack and innovation and she has been doing for a long time and I like
that and I agree. I think the dream is always win in the end. Your dream has always been Speaking of NVIDIA. We should get onto that as our second, second thing of the day because it was very interesting that two of the biggest stocks have carried the whole of, you know, Crab Vibe for this year have been NVIDIA and Apple, and there's two pretty negative pieces of headlines coming out about them over the last 24 hours. Is the first one that China. China is looking to ban Apple
products. Firstly, it came out there was looking to ban it for government staff and now it looks like it might. Expand that into various different forms of administrative staff and you can imagine that maybe even going to the general populace now there's a lot like back and forth about banning of different different goods. I think the US has actually banned some chip sales China and US is trying to ban things like
TikTok potentially. So like there is a bit of a tit for tat wall here, but that I think Apple is down about 5 to 8% so which is important in in a in a market where. Where so much of the performance this year has been tied to things like Apple actually this is a CNBC so you can't see it but and the second one was this NVIDIA stuff. I don't know if you've seen this Cali, but Nvidia's obviously the the, the, the big company that's done this move this year, it's
gone above a trillion dollars. It's revenue did like a 4X it's leading this AI drive and there's. Here's the here's the thing, we just got a lot of reviews yesterday. There is a mind boggling theory that's gaining momentum on X Twitter that Nvidia's black performance this year has been fueled by fake GPU sales to fake nonexisting clients. Some have speculated the AIAI tech company calling Coin Weave Core Weave has made orders for NVIDIA among the billions of dollars.
There's one caveat though. Core Weave might not be a real company. Instead, it's a shell company owned by NVIDIA and BlackRock. Now there's a yeah, you you go. Didn't I put this in our chat yesterday? I was like, look, you need to pay more attention to me. Yeah, this game traction a few, like a week or two ago when it was announced, actually, people like there's zero.
There's this enormous increase in orders and revenue coming in, but there's no increase at all in marketing spend, cost of goods sold, customer acquisition, anything. And that's kind of strange, even if they've been really efficient and really. UH performed really well. You'd see a slight uptick in the cost that it would take to like acquire customers or service new customers, etc, etc. So at the time, people like HMM and then it slowly started
gaining traction and momentum. Um. So this is there's a very famous research house. You know them, but they they have put out this teaser being like tomorrow we we publish our big. On yeah, the fact that they're a famous short seller, the fact that by far one of the biggest, biggest target by market cap feels secondary to the fact that we believe that this might be our most important country today, even for people who don't
participate in the stock market. It sounds like there's going to be a lot of negative information about NVIDIA now and I think that would be. I think that would be super interesting if, yeah, let me let me just post the man in minutes up at the top so people feel like they have it. But if if you start to see NVIDIA and Apple take a beating, do you think do you think the whole of the stock market's going to go here, Kelly? In some ways, I mean they are
the whole stock market, right? Like in some ways the amount of the index that Apple and NVIDIA account for is enormous. Also, if you have these like darling tech stocks. Start to collapse then like everything just collapses by association essentially. Or collapse is probably a strong word. But these guys in the insane performance this year have been holding up kind of returns and if that starts to falter then everyone just heads to exit at the same time. I think.
I don't know. It reminds me of that meme whether the door is being held in by the the locked by the Wattsit twigler. I just don't even. I didn't even have the chance to look into how bad. This was from the account perspective, I know obviously a lot of companies like fake results, but Nvidia's does have legitimate crazy demand for its AI chips.
But there's there's no doubting that it has that sort of level of demand because you have all these countries around the world like literally begging the US to get those chips in. So why they would need to do this seems a bit ridiculous to me. But if they have, then yeah, it's not. It's not going to look good and who knows, maybe we get a bunch of. Crypto Bros going to AI Coming back to Crypto if This. That would be a yeah, an interesting redemption arc theory. Ryan Carlson coming back?
He's probably the CEO of. Call weave. Okay Wait, wait, you guys are legit nerding out. You guys are actually nerding out. So are tech stocks like collapsing or what's the issue like I'm they? Are, well, not collapsing, right. They've had a very, very good year and. Very. Why are they having a bad time right now? Well, it just looks like they could be. What we mentioned about Apple was the stuff happened with China. China's a massive bit of Apple sales. Massive, massive.
So if China comes in and decides that they're gonna ban Apple products. Apple stock could drop double digits very, very quickly, maybe like 2030%. Wait, why would China do that again? It's a bit of a tit for tat war about people thinking they're spying on each other and there's maybe a little legit it's not finding each other. But they don't like technology companies seeking each other's economies. It's why the US has banned so many different Chinese tech
companies. It's why they're maybe even planning on banning TikTok. And that now looks like China is doing the same with potentially with Apple. So that's the Apple story. And then this NVIDIA story is a bit more murky, like it's half, it's half rumors at this stage. But even if even with half rumors, this company has been parabolic this year and has caused the majority a large bit of the performance in the US stock market AI.
If you start to see a very weak stock market and or these two companies start to fall out of beta, then I think that's that's a dangerous bit to be. I will not be good for sentiment, Ryan, if you're listening. Yeah, Ryan, come back. Hey. Ryan, yo. And you need a shoulder to cry on or you need a job back in crypto. Hit me up. Can you imagine these notes are not looking good? Guys like I'm not looking good. Got up the right. Side this news is good but just
reaction was bad. This news is like legitimate could legitimately be very bad. But we will, we will move on from that to the to the third distribution of the day, which was did you see the new crypto TV show that that could be coming out We find out on. It's it doesn't it doesn't paint us in the best lie. I think they've chosen the interesting characters, which is like. What TV shows always do. But yeah, my grandma, if she was still alive, will not be happy with my career choice, that's
for sure. You think it's going to be that bad? Should we watch a little bit of the trailer? Yes, put this. Down on Oh, it's an ad. Yeah, it's Brian D Evans, Leia, how and I think it's maybe the famous have the three of them. And George Tong. These are all like influences essentially who have done a Apprentice meets Shark Tank style show book for crypto and you're gonna be out to watch it on I believe, Apple TV. Prime. Amazon. Amazon. Prime. That was Amazon.
Amazon Prime. I don't think anyone really watches Amazon Prime. Well, hopefully they don't. It looks. Oh my God, if you said Apple TV, I'd be like, hey, we're done, but Amazon Prime, I feel like. Does anyone really watch anything for Amazon Prime? I'm trying to get the thing for it to TV show. Do people watch TV anymore? I well, it's obviously going on one of these on demand TV shows but it looks horrific at the the
the. My. God. It looks like something that I watched one of the first intent and. No one could hear. It's really here really trying. There we. Go and from what I heard, he was convincing. And the numbers. Show it. 3.0 Gaming. Project Defy Kingdoms. Defy. Kingdoms, welcome to the show. Thank you. Very happy to be here. Excited to be a part of the show, the competition and to meet and compete with the other contestants.
Tell us about yourself. Sure. My name is Dreamer. I'm the President at Kingdom Studios, which is the main development company for the mention Defy Kingdoms. Great, now I've. Heard you have a lot of. Hobbies. Great. Right. I think you've heard about games, but like, you have all these people. Come on, is this like an IRL spaces but like worse? It's way worse, I think it's so bad. It looks so bad, but why are they just standing? Like why the?
I think the prize is 150 grand. So like you, they all come up and they pitch some sort of concept. I mean, it's not that bad. Like it's. I don't know who any of these people are. Like, who's that girl? Who's that guy? So she's. Pretty well known. Well, I think. She definitely came up in like the last cycle. I think she's got 600 there she is 600,000. Yeah, I do know. I do know this person. Yeah, though quite funny that yesterday also something came out about her like.
Alpha group that she's a member of. There was another article, I don't have Cal that you've got it, but there was an article that basically said that it's a pump and dump group and it didn't come. It wasn't great timing to see that at the same time that we we saw that's what they do though. Probably. They wait for these type of big announcements to be like this person is just yeah. There's part of that, but these people are definitely influencers rather than let's
say. Dragons then like multimillionaires, like they're more influenced more here. So like Judge Judge, it feels like they are trying to get famous more than actually get the good projects. A. $150,000 is a lot, but it's not like unbelievable amounts of money for a raise, right? It's actually quite a small, small amount for a project to be raising.
So this feels to me more like. We're gonna try and make these three crypto influences more famous rather than let's find the next cryptogem, which is the start of the show, but. I'm gonna watch it. Well. Just to see what the pilot is. Oh my God, man. I'm gonna watch it also. I feel like there's a self selection problem where if you're a good company you would
never go on that. Anyways, if you're a bad company and you're desperate and you know you can't raise money for investors and you need 150K for a fucking Hail Mary 100 X 1000 X Levid play on Ethereum, then you kind of go on the show. I don't know, maybe. Maybe. You know, maybe they're just like we want exposure and like you know a friend who knows a friend and and like whatever whatever it is. But it it is funny how it's
always like this. Like, I don't know, I'll see like these big brands like collaborate with not talking about like this show specifically but just in general like I'll see these big brands Like you know the the thing about like web three quote UN quote influencers is like they don't their shelf life is like a week.
So it's like by the time the big brands like like, they'll approve someone who may have been relevant for a week like two years ago and now is just irrelevant because they've either like rugged or they're just like nobody cares what they have to say anymore because they're just like not active or whatever it is. So I've seen that a lot.
So if you're a big brand like make sure you're like speaking to like who's relevant or like your marketing campaign is like factoring in that like you might have to re recheck back who's relevant like that month. It's weird, but you know. So what? What do you think? How do you think this is going to be positive or negative for crypto, do you think? This is negative, negative,
Definitely negative. For the broader image, everybody already thinks the whole thing is a scam, and now you've got 3 scammers picking the best fucking scam I. Think they're all scammers, right? They're all like, I think influencers. They don't necessarily scammers. But OK, the line is Gray, I think for the people like this, but. Yeah, that's just my two cents. I hope everybody from the show does very well so someone chat. Chat, said RUG Tank. It could be. I don't think there's.
Gonna be a better name. That'd be a good name. We should do like an episode of Rug Tank just for like before. This was this was a wild thing to come out. Like literally the day that this drops, basically it came out. I don't think it's either to see the thing here, but. I have information about two new crypto opportunities I'm gonna share with you. It's basically just a pump and dump group and this is 5th of December. So yeah, probably not the best time to.
I mean, is it their fault if something rugged like I don't know. I don't know, but it probably tells you. Again, this project might even be fine, but it tells you the style. This is not. This is not gonna be like Shark Tank or the. Apprentices, I mean, in this individual's, You're right. But in this individual's defense, you know what that message is just like sharing information, which everybody in the group is there to have.
Like if you're in one of those WhatsApp groups, like, you know what you're getting into, You know what I'm saying? Like, you know, you know what you're getting into. Again, I don't know this individual and no idea about their morals, ethics, values, whatever, but I do see I have to come in hot with, I don't know, chat. You might disagree, I'm not sure. But when I see those type of like screenshots, especially when it's like why didn't you release that before the show?
Like, I just feel like it's other people trying to get attention. Well, to be fair, that is from the 5th, it's from the 5th, so I don't know if it's like some. So it's recently, right? Right. True, true. True. Initially the same day, but I agree with you, like people are
part of those groups. To be part of the pump like they always try scam after it. There was another one yesterday that came out like I think the ticket was CBOT and like 4 prominent crypto traders all got caught in a pump and dump yesterday. You can all do the research yourself. I put it on Manda minutes but maybe I will just share that one if we have enough. No, it was cruel to CBOT. You should watch the video here.
It's kind of wild, but basically it's a, it's a WhatsApp conversation where he's basically saying he's going to get all these influences into pump it and they ended up dumping all their tokens and this went viral. So like all the influences involved here all have to come out and basically deny involvement, even though they were clearly involved. It was, it was pretty funny to see. But yeah, just be careful. Be careful out there listening to, listening to influencers.
Don't even listen to us. Dyoa, I need a professional. Like we should have like a professional class on like how to do your own research. I feel like that's something you like. Not everybody knows how to do. Like, I don't know. Yeah. Yeah, maybe, maybe, maybe This is the show. Maybe we're doing the research, We're helping you. Don't trust the word that we say, but where we are helping you. All right. So we'll go to, we'll go to the next thing.
I don't know if we'll be watching that but still it is. It is interesting to see the the the fourth thing that we were going to bring up was this pudge of Penguins figure that that's been doing the rounds. I put it on the Mando minutes yesterday but he came out in Korea obviously that's what looking at this is and it was kind of a second hand piece of information. I think it was reported on by Punk 9059, but it said that Luca predicted we're going to do 10.
Million of sales in the first seven months or they were projected to, they were projected to which is quite frankly a wild stat is very, very high I think for a even for a toy business. And there's been some questions about like, did he actually say this or like was was this information true because it is such a high figure they would have had to sell like hundreds of thousands of these of units I think to get something like this, but.
Still like he is leading the way on that on that ecommerce style style. The idea of building a brand out of the the NFTIP Pudgy Penguins has always done very good during this bear market. They are still around 4E floor but it's one of those bearish flips. But I think they flick pretty much everyone now. Maybe Azuki is still Azuki and D gods is slightly over them, but it's it's impressive. Still, I think they did. I think they've done a decent job.
What do you think, Cali? What do you think about this business model? Do you think that figures? I love it? True. Do you think it's achievable? Yeah, I think it's true. I think these guys that reach has been incredible.
They've targeted. They've got the NFTIP, they've got the NFT community and then they've gone out into the actual business world like they were at the Licensing Expo in Vegas, which is I think the biggest Expo in Vegas focused on and it's focused on licensing and like toy buyers and wholesale buyers getting to know your IP, they were all, they've also won like various different toy awards. Everything on Amazon is sold out but the minimum order quantities
on this. Type of stuff will not have been low. So the 300,000 unit or like 300,000 to 500,000 units size in terms of that 10 million sales figure that feels about right to me like the minimum motor quantity is probably 100K minimum and they probably did two or three runs. So and that's how you get there. Yeah, I mean Lucas, he gets it. He gets, he clearly understands the commerce. He clearly understands.
Consumer mentality and behavior and he's trying to innovate and push it. I absolutely love what they're doing and they've got about it in the right way. They they he is immediately understood that you know, your 10,000 biggest fans are the NFT holders. You can't just sell stuff to them and they can't just be NFTS. You have to think bigger and you have to think broader and you know having a Penguin which is globally recognizable. And I I watched a little bit of
the rest of his talk. And I 100% agree with him here that the Penguin is like globally recognizable as a cute thing. A lot of the other collections are, you know, more popular in one culture and less popular in the other, etcetera, etcetera. Everybody all over the world loves Penguins, and this kind of globally recognizable is this cute thing. I it's hard to fault them currently. I'm I'm super impressed. With everything that they've done.
And yeah, if they like, if they can't do it, then nobody in the space can do it in my opinion. So we all should be rooting, rooting for the Penguins. I don't even own a Penguin. I didn't. Realize how big a Penguin guy you are, A. 100% brought up on Penguin, if you know what that is, yeah. What do you think? We can, I think are you even following Luca on Twitter? It's just click the button. Like literally just click the
button. Yeah. No Lucas, an absolute beast. I've known him for a really long time and what he does is something that is it shouldn't be look past as like yeah I could do it. It's easy. It's a very hard thing like the the e-commerce toy industry. It's something that I wish that like I was able to be like a Luca nuts. Like I literally like I say it a lot. I'm just like I wish I had whatever he's got going on because it's hard to do that so mad respect to him.
I don't think that he's the type of person to just throw a number that's not accurate. I think that he's probably really careful with his words. So I definitely think that if he says, you know, in NFC statistics, I mean they're pretty also accurate, you know, person. So I definitely think that it's true and they've been killing it on all socials and been grinding.
So yeah, I think it's great. He's actually come out and said there's characters in Asia that have become billion dollar businesses of off stickers and emotes. Pay attention doing it right in front of you and then they have a big reach on a bunch of different. Like Giphy platforms? And Twitter and yeah, a lot of people like, they're very, they have like a whole, like deck and a whole website just for the GIFs, like they're very GIF
focused. And that's another like amazing, you know, marketing tactic that, you know, there's a lot of marketing tools that a lot of people in Web Three don't use. One of them is the GIF's. Another is the augmented reality tools. I know working with OD Labs that so many brands and people that like come to us like they overlook how many impressions you can get from using augmented reality on, you know, the the filters on Instagram and on TikTok. Like we had around 750 million
impressions on there. So those are some. Those are like 2 tools that a lot of people aren't using. So big ups to Luca. And check out some other tools. Don't be afraid to experiment. Yeah, they had like 4 billion. I'm, I say GIF. I'm old school. I say GIF as well. Let's not get into this debate, whatever, whatever. This is a. Generational thing. We're boomers. That's Mika. So, like, maybe we are. No, honestly, I'm also like, you know, So we'll see. Yeah, just. Like 4 billion.
They've had like 4 billion gift fees. I think more now probably 5 like yeah, they're doing a great job. And that as you said that understanding the reach of different platforms, which I think and that they were the first like other people will copy them if they have success. But I don't think other people will be able to do it to the same scale and the same quality and the same kind of have the same breakthrough impact that these guys will have.
Well, the other brands, you know, like I remember when Luca would be posting about like all of those stats from Instagram, other brands would do this one cringe thing. And like, please don't do this. Like, it's just so cringe everybody. They're just like, OK, we're expanding to Web two. What does that even mean? Like, what does that even mean anyways? And they're just like, I don't know, I like I said what Luca is. What'd you say?
So that means they're not making any money in Web Three anymore, so they're gonna go Grifton Web two. Yeah, that's number one. And #2, like, it's not like, again, Luca is very experienced and like what he's doing and the operations that he's running is not easy. Like all those animations, all of that stuff. Like, you know, all of that, like it costs money to have
someone do that. It's like it takes a certain mind to understand how to like get that going and how to use these tools like GIFs and stuff like that. Like, yeah, he they're just on another level. And like, I do see other brands trying to be like, Oh yeah, we're like expanding to what too. And like, it's just, it's more than that. Not saying that other people can't do that, but it definitely
is not easy. If anybody's just like, Oh yeah, they're doing nothing or like whatever, you know, it's not an easy thing to do so. So I think the I agree, I think he's doing a great job. We're interested to see how this
links back to the NFT with time. I do think that he'll that those we spent in there, it's gonna be like a buyback or it's gonna be some way that the Nft's benefit or maybe it doesn't maybe because it's just the IP that's the valuable thing, but it will be interesting to see how that develops over time but. Definitely great. They're doing this 10 million of sales is is very, very, very high in my opinion.
My understanding is that there's already a mechanism for the holders of certain traits to benefit, and there's like a licensing background. Licensed, a few of them. I think they've licensed a few of them, but obviously not, not not the majority of them. OK. So the final things to talk about today, Nakamiga is doing a bit of a run at the moment and if anyone's been looking at that, those are now up to. God, he's using the log charts.
Hilarious. Those are up to nought .5 or just over nought .4. I think it's even on degens as well. But yeah, that can be guys. Obviously they've got their their mint coming up in full. Normally knows where that is, but they've been pumping into that. And the the other interesting thing I thought I would mention was what's going on on Death Fellows. Death Fellows came out, and they announced a full gaming arc for for.
For themselves. They wrote a whole Medium article to go into that, but it looks like dead fellows can expand to gaming. They've got a mint coming up tomorrow, it looks like. But yeah, I didn't really realize that dead fellows were doing this. I think Betty came out and said this is like the biggest thing they've ever done, but gaming off for dead fellows? Are you guys involved in dead fellows at all? What'd you guys think? I sold my dead fellows a long time ago. Good for them.
What do you? Think about this. Gaming cards. Gaming is really, really hard. It takes time. You need a like really, really good product for people to stay engaged past the first couple of weeks. I think it's some kind of digital like trading card game, right? Yeah. Which yeah, I really hope the IP is interesting and people vibe with it for a long time. I think it's really, really hard. Is what I would say, yeah. So it's interesting to see how it plays out. It's a card based game.
You buy a vault which is 9 cases. These are 9 cases. It has 10 packs containing 5 cards. So look, we've seen some parallel at the moment is having a bit of a run and if you guys know that as a game, I just, I don't know who their audience is. Like, I just wonder who the audience is. Like because I just, I don't, I haven't heard from any of the founders.
Like, I know I just see them when they're like tweeting about like some big brand trip that they're on or like whatever it is. And like that to me is kind of just like, OK, cool. I mean this is, this is great. I'm happy that they're they're cooking up, but it's like, who's the audience? Because not sure where the reach is here. So and yeah, gaming is super hard, but again, like good luck. I want everybody to succeed at this point, like, you know, but my question if they're
listening, who's the audience? Cuz I don't know. I never interacted really with the founders, which is interesting. So, so they and I've been here since the beginning, so I don't know. It's not the biggest one yet. I would say the next phase of death, that is in the combination of so much hard work. We are building a world class product with the world class team construction industry. Look, I agree with you. I think this is a change of
direction. Like if all the projects out there, I would not expect to get that balance of gaming because maybe it's just not what I. It's more about, like you said, events and culture more than anything. And it was obviously made by Psych who was like a relatively well known artist as well even before this. So it didn't even we need to be that much more than just, you know, community vibes. But this now feels like. It's cool. They built something, but I think it will be a bit of a risk.
But let's see, let's see how that goes. I think that's it for today. I don't know if there's much else you guys wanted to mention on that. If you can go check out Manda Minutes, there's, I've got like 25 different headlines you can look at from macro to micro to more NFT stuff. There's obviously quite a lot going on right now in the broader crypto space, even though we're going sideways. But yeah, this was a good show.
I will probably end it now because I feel like my phone battery is going to go any moment and that would be an embarrassing ending for everyone. But we will be back again tomorrow. We are. We're going to be doing this for the final show, I think, Mika, right. Unless I guess you'll be coming on next week. Cali, I think you're you're well, you can come on as well actually. I'm demoted. I'm demoted. I'll give you my phone. And then? I'm also, I'm also demoted.
I'm also demoted guys, I think we should we should start rug tank and we should just get on with it. We should just get on. We should actually. Why don't we do that? Why don't we do that? We do our own little show. I can see that arc for us. I can see that arc. Take the best rug. Yeah, well, just better. Just it just has to be better than the other show, That's all. The bar is low. Right. My God, you're crazy. Sounds like Monday's gonna get demoted.
Like Mando is gonna find himself having to go on that show on Amazon Prime. Maybe. Trying to pitch Rex Radio. Oh my God. Actually, Rex Radio was if you did, if you didn't listen to it yesterday, it was crazy. We we gave away like nearly 40 grand worth of prizes live. On what? Why wasn't I invited to a record? Where's that show? To be clear, it's been on every day for about 40 weeks now and I haven't. Seen you there once. Everyone went to prize. Basically everyone. Everyone did.
Surprise, no, there's a lot of prices. You came out like 304 hundred grand of prizes over the course of those 40 weeks. So if you are missing rec radio, all you have to do is just listen to it and then at the end of the show either request or you have to retweet something and have a chance of winning. But yesterday was a wild show. We were on a hot streak. We won a checks. We won a pudgy Penguin and then we won a kneecap remedio.
By the end, which is a big win anyway, go check out that we're back again tomorrow. Thank you again Cracking for sponsoring the show. And yeah, go check out Mando minutes if you wanted to have a bigger breakdown of all the stories from today. Thanks a lot guys. We will see you tomorrow.