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    Technology

    All About Affordable NFTs

    Welcome to the Triple-A NFT podcast – All About AFFORDABLE NFTs. A podcast that helps take people from 0 to sixty in the Nonfungible Token world without breaking the bank. Hosts Andrew aka Rantum and George from Mostly Stable on ZED, help navigate new NFT projects, interview expert guests and explore NFT trends.
    Whether you’re on your first or fiftieth NFT, Triple-A NFT will have something for you.

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    Latest Episodes:
    Why NFTs need alt-layer networks | Project: The Meta Key 4 May 06, 2022
    Show notes

    All About AFFORDABLE NFTs, hosts Andrew aka Rantum and George from Mostly Stable on ZED Run, help navigate new projects, interview expert guests and explore NFT trends. Whether you’re on your first or fiftieth NFT, we’re going to have something for you. Keep track of all recommended affordable projects with our ‘keep us honest’ spreadsheet. And a quick note that we are not financial advisors and nothing in this podcast should be taken as investment advice. Theme: Why NFTs need alt-layer networks Ethereum network becomes very expensive - by design NFTs occasionally bring on a huge surge of activity - more people want to transact than the network can handle. People pay more to cut the line, continually driving up prices Layer 2s offer more transactions at lower costs, with enhanced security New layer 1s are not tested and proven Affordable project: The Meta Key - Collection | OpenSea https://themetakey.com/ NFT NewsRantum NFT Market Data, Cryptoslam.io NFT Headlines: Yuga Labs Sees $561 Million in Otherside Ethereum NFT Sales Within 24 Hours - Decrypt Yuga Labs Has Refunded All Unsuccessful Otherdeed NFT Minters Seven-Hour Solana Crash Blamed on Bots Swarming Candy Machine - Decrypt ApeCoin to Migrate from Ethereum After "Turning Lights Off," Causes Controversy Bad Reporting FUD from WSJ NFT Sales Are Flatlining - WSJ Project news: Human Park drop, Crypto Unicorn Game launch Rough Transcript [00:00:00] Today on all about affordable NFTs, we are talking about why NFTs need all to layer one networks, I guess, alt layer networks, not even layer one networks as part of the larger ecosystem as Ethereum becomes a bit pricey which may be a nice lead into some of our news items. How's it going, Andrew? [00:00:22] Good. Good. Yeah, I would definitely be hesitant to say that you need all wear ones, but we will get into that a bit later. Yeah. And it is a little timely with some of the new. Then going on. Of course the big news recently has been the other side or the other deeds, a land sale from Hugo labs they released, or they 100,000 plots. [00:00:47] They brought in let's say. 561 million in trading within the first few days that all sorts of records is the one day high for the most sales ever. That has been the, the big talk everywhere. And of course this mint did not go without some pickups. [00:01:05] Yeah. Th the critiques are, are many. And obviously like, look, there's going to be fun, thrown around quite a bit when it comes to this, but the gas prices spike to ridiculous levels. And I think. Peek of around to eat. So that means minting plus to eat which is, which is pretty ridiculous. And, you know, certainly burns a significant amount of Ethereum. [00:01:29] Did they quote how much at your end they've? They tracked that was like burned as a part of this transaction. [00:01:35] I saw it was over a hundred million worth, a hundred million dollars worth anyway. So yeah, so yes, it looked like initially they were going to have this be a Dutch auction. They abandoned that for some reason, the Dutch auction, the idea is that it starts at a higher price than, than most are willing to pay. [00:01:52] It drops over time. And. So you've got you don't have everybody jumping in at exactly the same time. So they abandoned that model ended up going with a flat 305 eight which was, I believe about two and a half eith at the time. That, that has fluctuated greatly since then. And both are I guess, negative, but but it's fluctuated a lot. [00:02:13] But any way that when they did abandon that, they also announced that there'd be multiple ways. Of minting so that you can mint to in the first way, if you were on the wait list you'd had to fill out the KYC form, which neither one of us had done because they had not said what this was for at the time. [00:02:31] So they did have an idea of how many there were there ended up being aren't. There were over a hundred thousand that had done the KYC. Then people were looking at how many had actually approved the contract. And I held enough, eight to mint either one or two and within two hours or so before the mint actually occurred, they or some people figured out that it was going to mint out in that first wave due to the number of wallets that had approved it. [00:02:59] And. So there were people jumping, you know, trying to jump the line, painting incredibly high gas fees because they assumed it would be worth it. That of course is you know, now factored into the cost at least on their side. But yeah, that's, it, it, it, it slowed down the entire network because any women transacting doing anythings had the same gas fees and, you know, it was for at least a few hours. [00:03:22] That it was like this. So yet really slow down the network. You go afterwards announced that it was clear that Ethereum was. Able to handle the 80 for the Hugo labs ecosystem, which you know, I think there's a lot of ways to, to say that there that is maybe faulty, but they also did create this by, they knew how many people had the wallet. [00:03:47] They knew many, many lands were available. So it seems like a supply demand issue in many ways regardless of the gas. But yes, it was over a hundred million. Sorry, burnt. They were going, or they are going to, I think they have refunded all of the unsuccessful mentors. There are many people that did not get their mince through. [00:04:06] So they have refunded that. And I guess the other part of this, they haven't announced that they need to launch their own their own layer for the ape. For all of the ecosystem. So it seems like they've maybe retraced or, you know what is it they're maybe not going to go that far right away, but there was a lot of discussion of whether they manufactured this for the purpose of announcing a new layer. [00:04:32] I don't know, you know, it's, it's hard to say that they, they could have put that all together. But it, it. Yeah, they definitely gave an example of why problems with Ethereum at times when there is huge congestion on the next. [00:04:47] Yeah, it's hard to speculate on the, you know, using it as an excuse. I don't think you needed that as a, as a narrative. Like you just say that as you want to create it in New York, there's, you know, the Ronin network out there, there is you know, flow with NBA top shop. It's like, there's very much a precedent for large networks doing this. [00:05:07] It was you know, by their own Testament, a incredibly poorly done. You know, the limitations of the net where you can't be surprised when you go outside in the rain without an umbrella and you get wet. There are limitations to the network. And if you drive an unprecedented amount of whales and to a short period of time and squeeze them on gas and they all ratchet it up, it's just a function of the, where the network is right now. [00:05:31] It will be better in a year. It'll be even better in two years, but you do that on pretty much any network it's going to have a problem. So, you know, I you know, It went poorly, you know, like that that's, that's how it goes. And you know, they, they did refund some people, but you know, right now, if I sat there and I, you know, you said it's about two, two and a half year, it costs roughly depending on what you did with ape, right. [00:05:55] For fermenting it. And then on top of that, you add the fact that you paid another two weeks in gas, like you're underwater, you're below floor price currently Flora's at 3.59. And also I w I don't know if. If I'm UGA labs, like, and I don't have, like, I don't know, fully developed game ecosystem for how all of this land is going to get used. [00:06:17] I don't know if I'd be jumping into creating an alt layer one right now. I'd be focused on how I deliver value on. [00:06:22] Yeah. And I think that actually kind of leads us to a next story here and we can get into a little more discussion of the layers, but the next story is over the weekend, we also had a Solano crash. It was down for seven hours. It was another layer, one there, where there's. There were bots forming a candy machine and a T type of thing on Solano. [00:06:42] So it crashed the whole network. So that was actually down for seven hours, not high fees, it was just unusable. So you know, that's the other side, you know, when you don't have a very stable network it can completely go down, you know, Ethereum it's, it's made to be expensive at times because. There are a lot of people that want to use it, and you have to be able to deal with that when it does happen. [00:07:02] As opposed to just having the whole network crash, [00:07:06] Yeah, it stops spots by making it prohibitively expensive to, you know, process a whole bunch of transactions in a tight, tight, tight amount of time. Yeah. And there's a difference because the word crash was being thrown around for it hearing You didn't crash. It reads gases to absurd. So Ilana [00:07:22] prices, right? I mean, it's, it's an absurd traffic jam it's and to get through it, you're going to have to pay an absurd amount. Now the difference, I guess, would be the roads. Closed. There was no getting on the roads. There was no access to roads on the Ethereum network. You couldn't do any, I mean, I'm sorry, on the salon network. [00:07:43] Yeah. Sorry, I don't want it want to make that clear on this Alonda network. There was no access to the roads, so different story there. You know, and I think you get into a little bit more of that. Let's see. Yeah, we've got this story about the A print potentially migrating away. I would say that there is, there is precedent for causing or showing people why something could be, you know, another network would be needed. [00:08:05] And that is quite the event to have a ton of eyeballs and probably worth spending a hundred million on to, to show people, look at how bad look at how much bigger we are than the Ethereum network. We completely crashed it and, you know, get people to move over to that other layer did that other and. [00:08:22] Got to look at. I don't know. I don't think that that's necessarily what was, you know, I think the idea was to make it a big event and it was, and, you know, we can see with 561 million being traded. It they've certainly succeeded in making it big now, you know, I think there's a lot more, whether it's, you know, how successful it could be, but the. [00:08:41] It's way too early to say if, if this project can be successful or not. Anyway you know, maybe that brings us to our next headline here. This is, this is quite the, the headline is all over the place here. What do you have for Joe [00:08:53] Wall street journal says NFTs are flat-lining and they do no manner of research. They were so excited to find one way to cut data in a certain odd inaccurate way that they could run this title. You just get this sense that. There are journalists just itching, traditional minded, hates tech, just itching for like, see it was all a fraud. [00:09:17] And now I can go back to the way things were. I can ignore the fact that the property layer of the internet is coming in. That, you know, blockchain is a real thing. They just can't wait for it so much. So that with no manner of diligence whatsoever, the wall street journal put out something that was so factually inaccurate and quickly. [00:09:35] That one of my favorite newsletters just broke this down so quickly, but basically saying in the article that NFTE sales are down 92% since September. And so like, they loved that, but like, frankly, they're, they're not. And if the volume on open seat hit all time high, all time highs, thanks to even what we just saw. [00:09:54] 480 million in sales volume on May 1st alone. And then like they show this chart and it's significantly high. You know, they're claiming that the number of active wallets are down 88%. The truth is that there's probably over 350,000 active wallets in the last week has been that way for 14 weeks of the last 17 weeks. [00:10:13] So it's like not decreasing at, at all. And, you know, it's It's great. When you can just look at blockchain data and say like, no, those are the numbers you say, whatever you want. Like, it's just, you know, when you get into this, like, I hate the, the narrative of fake news, but it's much harder to do that when you can pull data reports directly from from the source, it's all open. [00:10:40] Yeah, and well, it also leaves this all up for interpretation. I think that's one thing that we're struggling with right now is that all of this data can be sort of taken how you want it. Any data can really end that we don't have a lot of standards to look at. It's not like looking at. Looking at the stock market. [00:10:59] And I'm not saying that these are stocks or investments necessarily, but looking at the same everybody agreeing that these are the numbers we are going to use to gauge the health of the market. There's a lot of people that are just taking whatever they choose and, and running with it. And there are a lot of, a lot of peoples that would like to to tell the, the story of the end of the NFC and or the NMT market. [00:11:20] And. You know, and we'll find anything they can and that's, what's been done here. So it's certainly been it's been thrown around a lot. There's, I've seen some other headlines kind of I don't know, maybe playing on this one and saying that you know, trying to be more accurate with what they with what is going on. [00:11:37] So this is, this is certainly not it. And I'm not sure. I'm not sure what the reason for this is besides just trying to, to give that headline to everybody that's looking for. [00:11:49] Larry just such clickbait junk. And the joke of it also is that the largest day an open seat history just happened. Okay. Okay. Now there are points. I would write the article a different way actually. Like if I were to actually write it, I would just say like, you know, the NFT market is becoming a winner, take all extreme, you know, 1% play where it, you know, there's a hyper consolidation right now just around mega projects and an absolute sort of like shift in that direction. [00:12:18] And I could, I would have maybe parsed the data in a different way of saying like, unless you've got. Over six grand or, I mean, frankly, over like 10 grand to play, like NFTs are not for you like blue chips go up, but other things go down like they're, they're intelligent ways to write the article. If you spend more than 30 seconds looking at actual data but I don't want to give these folks any new ideas, so I'll hold back. [00:12:41] All right. Why don't we? Oh, no, you've got some project [00:12:44] Oh, I got some fun project news [00:12:46] right. Yeah. [00:12:47] we, you know, we went through and updated our, keep us. honest. And so, you know, looking around the human park project had a drop this like obelisk looking thing is kind of funny. They dropped it to all holders. We have no clue what the thing is for, but you know, it's out there. [00:13:02] It's a thing and it's showing that they're continuing to develop. And I still like that project quite a bit. It's built on the polygon network and then the crypto unicorn games. So we talked about crypto unicorn, Atlanta. You know, a while back and I will say, Yeah. [00:13:19] that was on March 4th. The gland we recommended was like, 0.17. [00:13:23] And it actually, since this launch is now hovering around 0.4 or or on 0.2 for basic, and it…

    Full show notes at the publisher

    7 Rules For New NFTs Collectors | Past Project Rundown May 02, 2022
    Show notes

    Theme: 7 Rules of Jumping into NFTs for new collectors With so many about to jump into the Coinbase NFT platform, we thought it would be good to throw out some helpful tips/rules… Beware scams and rugsDouble-check website, discord official links, and other NFT platforms to confirm a collection ETH in hot wallets is riskyGAS accidents Chips in a casino vs cash in checking/hand Pretend to buy your first three NFTs and see how they would have done Opportunity cost - avoid FOMO by finding another option for something to buy Know your timeline to hodl or ffdl Define your methodology. Judge the team, community, art and utility Slow down, beware hot tips, usually means it has peaked. Most collections will go to 0. There will be another opportunity Affordable project: Past Project run-down - Keep us honest. https://docs.google.com/spreadsheets/d/1YmmUbz4ru4qovrbxv44zREyQGQIg8Fvsdck9fotzfnk/edit#gid=0 NFT NewsRantum NFT Market Data, Cryptoslam.io NFT Headlines: Optimism Announces the Much-Awaited OP Token and Airdrop Non-Fungible Heroes NFT Project Signs With WME Aku Ethereum NFT Launch Ends With $34M Locked in Flawed Smart Contract - Decrypt Rough Transcript [00:00:00] Today on all about affordable NFTs. We're talking about the seven rules of jumping into NFTs for new collectors. We know there's a lot of new Coinbase NFT platform, people jumping off that waiting list and jumping into a very interesting world of, you know, buying, selling, holding, flipping, surviving NFTs. [00:00:20] So excited to share some of our rules that might just help you. And also if you've been collecting for a bit first off, Andrew, what he's in news. [00:00:30] Hey, George Juliet. Let's see. What are we looking at out here? We've got what we talked about. This one, we've got optimism. One of the layer twos that saves you a lot on gas. They have announced. Oop he token airdrop or I'm sorry. I think it's the Opie token. But it's the token airdrop is announced. [00:00:51] They haven't actually released the token yet, but you can go on and check the amount that that maybe you are eligible for other various qualifications in here. I do like some of the things that they've done, they wanted to both check if you've used the optimism network. But also check if you've done things like vote on No snapshots on. [00:01:11] And I'm sorry if they, if you've contributed to get coins of their multipliers, if you've done multiple of these actions and those really add up. So we don't know what the value of this yet, but it is the value of the token yet, but it sounds like this will be a relatively substantial Airdropped for a lot of people and it should bring some liquidity to those options. [00:01:33] Those people that are on optimism. One note that I happened to notice the the the NFT network quixotic it's the optimism. NFT platform saw it's biggest day in volume by a large share after the news that that was coming. So there's not a lot there that interests me quite yet, but it is maybe something to, to just keep an eye on and maybe familiarize yourself with if you know, if you are getting any of that optimism, token, it could be a fun thing to to check out later on. [00:02:05] oh, I moved some money in and out of it, but I don't know if I did enough of the checklist for I'm on. [00:02:10] like the app. I can't find it, but I'm the I'm excited and, you know, we kinda knew it was coming. Well, we'll say, have you checked if you're getting any, [00:02:17] Yeah, I did. And I did qualify. So I'll say I'll get the link for so you can check this here and you can connect your wallet or put the or put another wallet address in and check that. And we'll put that in the notes. So it's exciting. [00:02:30] I drop into our discord. You'll go, well, we'll put it there and I didn't get any, I didn't, I'm not eligible. I didn't do enough. Only two transactions. I didn't go vote on. yeah, optimism, user repeat optimism, user download or multisig centers. Yeah. Donated to get coin and priced priced out of the theorem. [00:02:48] I don't even know what that means. Anyway, [00:02:50] yeah, it was, if you've moved it, if you've moved east to other layer twos, if you've used polygon and stuff. So there were other bonuses in there. Another note here is that they announced this will be the first airdrop. They do have future airdrops plan. So if you did not qualify for this, you know, not worth just It will maybe worth still using the network to qualify for a future one. [00:03:11] I think that's a great model actually, to reward people that have used it and incentivize new users. I think this could be, we're going to see a lot of, of airdrops I think coming up with these layer twos they've had a good discussion on this on bank list on the potential layer to. Wars and how they may use airdrops to incentivize usage. [00:03:34] So you know, I think it's definitely worth taking a look at you know, if it's, you know, I'm willing to to take some of their, their marketing spend as a user and, and give them a shot. [00:03:44] Yeah. And just to be clear when we talk about layer twos, I guess for the most part at the layer two is something built on layer one, but in the context of what we're talking about right now, it's layer two is built on a theorem specifically. [00:03:55] good point. Yeah. Especially on this episode is we're talking about some, some, some new things. Let's a it's a generally a much cheaper network use and Ethereum much faster. They use optimism in particular roles up many of these transactions. So they combined them into one. And then confirm these in one transaction on Ethereum, so that you get the security of having it on the Ethereum network while reducing the fees that have to be paid. [00:04:19] In optimism's case. Case the fees that you still pay a fee, there's still a big savings. So the savings that they take are put into the the public public goods portion of this, they, they use the funds to pub, to The fund public goods may S basically meaning developers, building different tools that could be used by the entire network and that are kind of needed to bring new people in. [00:04:46] So it's, you know, ideally a, a sort of a flywheel where you're using the, the funds that are saved to build new apps, bring new people in, get more people using it and increase the fees to give back to the public good society of that network. So very interesting to see here. I think we'll see more. [00:05:03] Definitely go check out if you are eligible and maybe move some ether over there, if you park and you know, be eligible for the next one. [00:05:10] Yeah, that's a good that's a good tip there. Next you have fungible heroes and if ti project signs with WME and I believe this was a past featured project of ours and non-potable heroes, right. [00:05:22] Yeah, that's right. Yeah. I thought we should mention this one. It's a, it is a past project we've mentioned. They started with, they signed with a big entertainment agency. There had been rumors of this for awhile. So there's definitely good. Seen some, some new action there. I don't know. I know a lot about what may be coming. [00:05:40] You know, I'm sure there's rumors going around the discord and all, but nothing official of, of you know, anything announced yet. But you know, we've seen some other. Collections get involved with entertainment agencies and, you know, it does give an option for for new things to come out of it. [00:05:56] You know, whether it's in film or some sort of you know, I don't know if more of a online entertainment thing, you know, that seems to be the, the play they've been going here. They published a comic book recently, and I think they have plans for another one. So could see it going that route as well. [00:06:12] Yeah worth taking a look at the floor for non-refundable heroes. The gods is at 0.07 and unfundable heroes is 0.09. If I'm reading these numbers. Right. So still in the range of affordable, but we'll be going through a spoiler, our affordable project. Keep us honest, or we're going to meet backtrack on some of those pieces. [00:06:30] So you just got your update on the. We jumped on it early. [00:06:33] Yeah. [00:06:34] This next one, this next one breaks my heart. [00:06:37] Oh, this is a tough one. So we've got a, let's see the acoustic dreams project launched in minted and it was already priced at the bleed out for Eve to get into this. It was the act Utah. Several years actually to our dreams. But anyway, there's 34 million spent on this. They were trying to do a true Dutch auction that would allow everyone to pay the same price. [00:07:02] Everyone would get everybody that paid over the final asking price would be refunded. But unfortunately the, it was not coded well. And. There's 44, 30 $4 million essentially locked away that nobody can access now. So that was the refund or I'm sorry, it's not the refunds. It's the total that was taken in by the, by the project I believe. [00:07:23] Is that right? George? [00:07:24] That's correct. In terms of the smart contract and just the guitars. This was a 3d avatar project based on Akio the original character created by a former major league baseball player, Mike and Johnson. Was inspired and thus then created a character who is a young black boy that dreams of becoming an astronaut inspired by an actual question he got from his nephew. [00:07:47] So it's like a really great story narrative here of someone bringing certainly a different perspective and audience into the land of NFTs and then a poorly coded contract. Some of the details of that, I think I almost understood it was effectively that they. You know, expected to unlock after X number of transactions, right? [00:08:07] So there's going to be 5,400 whatever transactions. And that didn't account for some people that I don't know, minted more than one in one transaction minted, two mints at three. So they never hit that number, but now all the things are gone, so they can't get more transactions. And so in forever lands, like there's 34 million worth of Eve burned and gone. [00:08:26] And, you know, they're, they're left, needing to, to refund and go about, you know, how, how you Yeah. So, I mean, unfortunately he Mike Johnson is a very successful, successful artist in the space and has brought in a lot through a, another, I think it's KU chapters of project. They are saying that they're going to, you know, make this, make this right. But obviously that is that's $34 million. [00:08:52] It could have been going towards the development of this project. And there was a lot of excitement around it. And I, you know, I'm not saying that it's, that it's done, but it's certainly a big challenge. And, you know, it's really just to pad to see because it's, you know, it is a, you know, it was a poorly coded contract, but regardless it's a, it's an unfortunate outcome. [00:09:09] Yeah, it's just, you know, we were talking about, it always seems like there's just so much news going on all the time. And I think that's in large part because we don't talk about. errors that happen in web two, we don't talk about, oh, you know, such and such, you know, site that no one really cares about wind down. [00:09:26] You're like, all right. Yeah. Went down. It was some errors. However, in web three applications, when you make a mistake, it means that your drop can literally burn millions and millions and millions of dollars to a level of which gets to a newsworthy piece. So every week it seems like, you know, if there's a hack, if there's a mistake, The stakes are just much higher in the land of what? [00:09:47] Three. [00:09:48] Yeah, the big stakes here and yeah. Always try new things and there's a danger with that, but why don't we run down some of our past affordable projects? You know, we mentioned one here already, but I think we've got some new things to, to get onto. [00:10:04] We do. So we will try to keep this somewhat quick because I'll just be honest. It took me like, I just buried my head for a month and I didn't have the time and energy to go and update the, like, you know, 60, some odd projects that we've got in here. But overall here's the game, right? We're we're tracking the date of when we actually had it on the podcast. [00:10:21] So then it's the assumed you by the floor or whatever our note is. And then you just held it. We don't even have like, oh, you sold it at its peak. Maybe we can go back and be like, oh, if he had perfect knowledge. But it's just, if you had bought it and held it. And so the total gain would have been 2.5 eith a gain of 144% on your overall piece. [00:10:42] So it's kind of, you know it's interesting and it's fun to look at. And also I think it helps me just look at it and I think everyone should do this themselves. Every time you look at a provider. Oh, I think I might buy this. I think I might buy this and we'll get this into some of our tips, like keep a track of it. [00:10:59] Cause it's very sobering. When we look back, we're not going to cover them, but there's some, you know, there's some misses in here and we, we aim small, Ms. Small, but we also invest small. So we lose small. And I think that's an important framework for, you know, all about affordable thinking. And so that said we'll go into. [00:11:20] Nifty Lee DGN. This is down off of its peak currently at 0.33, when I looked at it I don't know if there's anything new with regard to like comics we talked about that came out or pieces they're working on their. [00:11:33] I haven't heard much newer to them. It's not one that I'm very excited about at this point. I sort of moved on with that one and, you know, I think we've seen a, I don't know, we saw them try out the plater earn model and it definitely had some excitement. I think we've seen I don't know a lot of people move on from this play to earn excitement. [00:11:53] Not saying it's done, but it definitely isn't. As high in article's list. And I think that nifty, we be Gen-Z is sort of one of the other people that have tried this, and it's going to be a challenge. You know, we've talked about the challenges with, with these gaming things anyway. So it doesn't look great in my opinion, but who knows? [00:12:10] It could turn around. [00:12:11] You really don't and I think there's actually a really great lesson here of any game promise in a roadmap because they actually delivered the game. I went and played it. I moved my little character around and I bounced off the walls and it was amusing. And then I was like, do I really want to play? Like, I'll just be honest, a flash version of a game of me running around. [00:12:30] Or do I want to go jump on my Oculus and go do something more dynamic? Yeah. No. I think the brutal truth may be that, you know, layering in a web to game with your avatar running around. [00:12:40] in a, in an interface is like it's fun once, but does that really drive utility with a capital? I don't know. But we're both still holding at that's a quick summary there running down the list I say with Zed, they have a token drop coming. [00:12:56] The snapshot has already been taken, so that may open up a whole lot of new, interesting pieces of t…

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    What’s the difference between Web3 & Web2 apps? | Project: Rug Radio Genesis Apr 29, 2022
    Show notes

    Theme: Centralization often cited as crucial differentiator How does KYC fit into distinction? In many cases, “decentralized” orgs have a controlling number of tokens held by a small number of people Wallet as authentication vs login/social as authentication. But discord still the main avenue of comms. Affordable project: Rug Radio - Genesis NFT - Collection | OpenSea NFT NewsRantum NFT Market Data, Cryptoslam.io NFT Headlines: Yuga Labs Shares Important 'Otherside' Metaverse Launch Plans Bored Ape NFT Instagram Hack Cost Token Owners $3 Million - Bloomberg Days After $66M NFT Drop, Moonbirds Executive Unveils Fund - Crypto Briefing Rough Transcript [00:00:00] Today on all about affordable NFTs. We're talking about what the difference is between web three and web two applications. It sounds pretty obvious, but there's some nuance and some important differences. That'll be fun to tease out. Also a quick, thanks to our discord for letting me know that I accidentally uploaded a blank episode, just get air. [00:00:23] So I appreciate that. And [00:00:26] again, if someone is listening, I thought it was maybe a little test and you know, it's good people, somebody did check and get back back to us. So yeah. You passed the test listeners. Thank you. Or congratulate. It's [00:00:43] good to know that we're not just talking to each other, although I probably just did it because it forces me to do research and pay attention and kind of put things out there. [00:00:52] So what's going on in the news. [00:00:55] Yeah. We've had some awesome big news dropping recently. So the rumored other side launch coming from UGA labs, which is yugas land minting. So there's a hundred thousand. Plots they've released some more details about this. Previously, there had been some details leaked from a pitch deck, but some more details confirm now, so this sale will happen on our let's see, by the time we're listening to this, let's see. [00:01:24] I think this may have just happened in my rate, George. [00:01:27] Well, we go, this'll be, there'll be listening to this on for [00:01:30] ride. Okay. I'm sorry. This is, this is coming up on Saturday the 30th. So it depends when you listen to this, but it is on April 30th and it's a hundred thousand. Land's going to be praised in ape. [00:01:42] There's no specific. Announced yet, but it is a Dutch auction. There's rumors that it may start around one eith worth, although I've heard two or three eith worth of Abe token. So we've seen the praise of ape climbing recently. I think it's up near 18 or so last I checked. And I think it will have a big impact on the on the NFT market as a whole. [00:02:05] You know, it's, it's one interesting part to this is that. To be on the wait list for this, you must have filled out eight or completed a KYC know your customer application. And this was something that wasn't clarified when they released that. There were a lot of rumors that may be holding other projects, such as a world of women and crypt codes and some of these other projects that were shown in their other side video that those might give white lists opportunities, but instead it's actually for people. [00:02:37] Are filled out the KYC form successfully seems that they are really trying to limit this to one per person, you know, much harder to to fake a person when they've got to go through a KYC process. [00:02:50] And for KYC, just to be clear, that also means that they are obliged to report on any tax. Information or it's [00:03:00] unclear what it's unclear, how they're doing that. [00:03:03] Because one interesting thing here is that if you're a board, eight member board, a holder or a mutant NAPE holder, you don't have to do the KYC process. So you don't have to go through this thing. So I'm not sure that it's going to be. Necessarily reported, but you know, they will have that information. [00:03:20] And, you know, we've seen countless situations in both, you know, web two and web three, as we're getting to have plenty of hacks and data leaks. So, you know, there is some concern and, you know, some, some pushback from a lot of people in the NFT community that prioritize more of the decentralized maybe anonymous way that a lot of people, our age, or a lot of collections are able to allow people to get involved. [00:03:45] I feel like there's a future episode where we talk about the like pro-con KYC ethos versus like, let's just be honest. This is a $5 billion company operating in large part in the United States with people that should be maybe paying taxes on massive gains given. Board , you know, like, I mean, not saying that they aren't by any means, but I could imagine a legislative body looking at a $5 billion valued company with that type of lens. [00:04:13] Interesting. Are you going to be, you need to line it up for the Lakeland [00:04:17] or what, what are you thinking? No, you know, I don't, I did not go through that KYC process. So I'm not on that white list. I do have some ape token and you know, I think that that's still could climb a little higher there. [00:04:29] There's a lot of excitement and you know, it's hard to hard for people to really bet against you to go at this point. They have, they have yet to miss on any of their mints. And while it seems like a lot of land and I'm not a N I'd be hesitant, even if I were on the wait list. I not ready to bet against them. [00:04:45] Yeah. I will. I'll I'll be sitting this one out, as I said on discord, I, I missed the UGA train and I try not to jump on trains that have left the station. Cause there's one leaving. Every month, it seems. But I agree with that summary speaking [00:05:01] of [00:05:01] this one was a big one. They, they had. Instagram account hacked. And there were, they, someone released an announcement that they had started the other side meant early and looks like how much was taken here, [00:05:17] $3 million. And this is like, this is all, it took a couple of quick posts on Instagram to trick people into a fake site, hook them and rip them. [00:05:28] Uh that's that's it right? Like the, the costs of. Social media security. Speaking of web two has a, has a different level at this point because of the quick access to capital hidden in wallets, locked in wallets, easily accessed. Once you sign a con. [00:05:46] Yeah, it doesn't seem like there's many, many NFTE projects doing much on Instagram. [00:05:51] So I would be at this point, be wary of any links there, especially things that seem a little too good to be true, but you know, it's hard because that is the The culture that we're breeding to, to jump and then ask questions. Right. And it can be difficult at times you have [00:06:07] 10 minutes to sign this thing. [00:06:09] Oh, you missed it. Oh, too bad. Oh, you have, if you see the sweet, you have to act now. Okay. Now look what's to say that, that Twitter account, like something just Instagram what's to say that Twitter account isn't hacked or the discord I'm actually in the land of a peg ACCE. I really respect the team. Cause one of the things that they do. [00:06:27] I think every other month or so they literally post in their announcements channel, something designed to like fake hack or white hat hack their audience. So recently are coming out with this, like download for a for racing the actual Pega on your mobile app. So it's like a mobile app download and they just created a spoof site and then they just announced it. [00:06:47] And then they come back and say like, if you went to this, you were just hacked by us. You weren't hacked. You could have. Never follow links that don't make sense, pay attention. Right? Like they did that, [00:06:57] Amanda with a bag of bones or something. Right. We've seen that way back. [00:07:02] Oh boy. The bones. Yeah. Right. [00:07:05] But I think there, I think that it's something that I think some of these projects should start. Sort of steel Manning should white hat hack themselves should really protect their audience in a, in a deeper way. And I think overall it might even lead to deeper trust and a smarter community because we are still in the beginning of new people, learning what it means to run around with a, with a hot wallet on. [00:07:26] Yeah, absolutely. So we've got another big, big money story here after a big mint. And I don't know you want to walk us through this one, George. So the [00:07:37] title coming out of crypto briefing is days after $66 million NFT drop moon birds, executive unveils, a fund. And I guess that's like a nice way of framing it. [00:07:47] Different way to say it. I mean, it is a factual thing of what has happened here. Not much opinion there. So this is the COO of the proof collective who, and they just had the, the mega successful moon birds drop went up to close to 40. I think it's now a floor of about 28 or something last I looked, but yeah. [00:08:10] And we talked about it a bit, how much money they brought in right away and over 15 million just in secondary royalty fees. And that was after this. As we mentioned here, $66 million drop. Oh, boy, I have to [00:08:23] say we were hanging out and talking unrecorded and believe it or not, we speak to each other on recorded and I have to hand it to you. [00:08:29] Andrew, you literally told me this. You literally said, look at the history of both of these guys while they have incredible, you know, knock it out of the park home runs. They also start and stop and start and stop things. They're serial entrepreneurs doing a lot of things and you kind of like question the long-term conviction of them. [00:08:46] And I was like, yeah, yeah, sure, sure. As like a risk factor when we were talking about. You know, should we jump in at an absurd price when, when it launched? I just can't believe how quickly that sort of premonition came true as Ryan Carson is now moving on to launch his NFT focused fund called 121 gigawatts, not a bad nod to back to the future, not a bad nod, but like immediately leave as like there's a reason they saw two power players working together on a project, part of the perceived value. [00:09:17] That fact that, you know, his name was involved with it. Now it's still, Kevin Rose is still an awesome, it's still very strong project, [00:09:23] but to be fair, I think more people were interested in Kevin Rose. Then more people were aware of Kevin Rose passed and then Ryan Carson's, he's been kind of put into the spotlight by Kevin Rose and by this, the success of the proof project, I would say It's still, you know, it's still just, it's not great to see a team split up that quickly to see someone. [00:09:46] I mean, the fun sounds like it's very going to be doing very similar things to what proof and to what moon birds is already promising. So, you know, it's, it's also a competitor in that sense and, you know, it's, it's I don't know. I think he said that they're already 80 people in interested, but there were also required 25 each for four consecutive quarters. [00:10:08] So that's a hundred eith you know, this is that's huge, even compared to the floor of the moon birds, you know, and you know, not a great look at the very least not great timing. You know, it was also interesting that he had put a quote or a tweet out asking for someone to put together a one-page website for him about seven hours before he announced this fund. [00:10:28] I'm impressed. He was able to get it done that quickly, but generally speaking, not I wouldn't say that's a whole lot of forethought to launching that project, so I'm sure there was a little bit more going on behind the scenes, but I don't know. I it's it's we'll see what happens to move birds here. [00:10:44] It's definitely going to be a challenge for them at the, in the short-term. [00:10:49] Yeah. I feel like I'm as we talk, I just have other themes. I would love to talk about like the, that just spin off of this, the number of people that were already like quasi calling moon birds, a blue chip, anything you're like, we got to redefine that. [00:11:06] So I'm going to parking lot. What blue chip actually means how it's being missed freaking used and how it definitely shouldn't be applied to something that has been live for seven days. [00:11:16] Absolutely. Yeah. Yeah. I think price is often too too much correlated with what makes a blue chip collect, writing it down right now. [00:11:25] That's a good one. George. We'll come back to that. All right. Let's move on to our affordable project while you write that down. I've got one there this week and you know, it's one that I wish. Recommended a couple of days ago. Cause it has, the price has moved a bit on it. But this is rugged. Radio is a Genesis NFT there. [00:11:43] I believe the floor is sitting a little above 0.3. It's been hovering around a bit. It had been down under point. Under 0.2, five a couple of days ago. So it's picked up a bit. Although it's still down a lot from where it once was. So rug radio is a decentralized media company, essentially that is producing very NFTs, but it's mostly. [00:12:08] Focused content. They do a lot of Twitter spaces in various topics at various hosts that do different shows and let the users produce the content. You can get these Genesis NFTs, and then they have a membership NFT, a different collection. Of course the Genesis is is the higher priced one and it yields a rug token each day that you hold it. [00:12:33] There are various levels in there. So you get different amounts. If you, I can't remember the exact amount, but once you get enough of the rug token, you can exchange it for a rug, Dow tokens. You can become a member of that Dow. They do have some big names that are involved with this. Keith Keith Grossman from time magazine is he has a number. [00:12:54] He hold a number of them and is also on. They're thinking what they call it. The council there, a few, other of the big NFT collectors and investors are involved in the project as well. I, I listened to one of the shows, almost every weekday, and I think that they are live shows, [00:13:14] right. You can't listen to it. [00:13:15] Exactly. That's, that's a, that is a not great right now. They do have plans to change that. So they want, they are, you know, they, they are changing that around. I don't know exactly how they are going to do it. If they're going to do a podcast or what they're going to do, but they're going to have more recordings because the Twitter space. [00:13:31] It's not great for listening to a recording. They do record some of them, but it's still a pain. You can't even set a, you have to set like a reminder for each one. It's not great. They still get a lot of people listening to it. They're showing up daily and there's a lot of people showing up daily and doing the work. [00:13:46] And I think that they are going to continue to do that. And I think they'll be able to, to grow the listenership over time by making it a lot easier to act. At least I hope so, because if they can't do that, then Twitter space. Well, who knows, maybe Twitter space has improves. There is that possibility. [00:14:02] There's [00:14:03] great tweet at Elon Musk and he'll handle [00:14:05] it. He's yeah, I'm sure he'll get his features. And if you have anything to get a problem with your Te…

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    Digital Land Scarcity VS Price - 200k APE Land Sale Apr 27, 2022
    Show notes

    Theme: Digital Land Scarcity YugaLabs Otherside will include 200,000 plots. Too many? Alt model: Open Metaverse (OM) launched with plans to be open-source, let anyone build The Sandbox gears up to raise $400 million at a $4 billion valuation: report Affordable project: NFT NewsRantum NFT Market Data, Cryptoslam.io NFT Headlines: ApeCoin & the death of staking - Cobie Ponderware May Be Selling Off The IP Rights To MoonCat Rescue NFTs https://thecontrol.co/the-state-of-nft-data-storage-c471c1af58d5 Rough Transcript [00:00:00] Today on all Today on all about affordable and FTS, we're talking about digital land scarcity. So in The land of abundance or the land of and [00:00:58] seeming to dictate what price [00:01:00] something should go at, and we'll be teasing out some of the different models out there, open Metta versus versus what you know large and small projects you go labs, sandbox, and the like, or are up to. But first, Andrew, what are you seeing in Yeah. What are we seeing out here? Right. We've got some headlines here. Well, we've got this article that I think was worth pointing out here by Kobe a influencer. He's been around the, space for a long time, but he said that he had recently been someone on the. The Abe council, the, the, Dow responsible for actually issuing the coin to get their opinions on some governance staking of the parking it somewhere and earn a more by parking it there. So he. this opinion that basically the, this isn't What staking was initially staking was meant add more security to a network by having someone both the that in this case would be ape along with maybe Ethereum. [00:02:03] So by parking it there you, you're showing more belief in the coin. And that more value locked up for that which allows them to build with more confidence. So now we've got a lot that's, what's kind of being proposed with this eight point. And it's not. Certainly not looked upon all that. Well, by, by, Kobe in this, article as he's saying, there's, it doesn't add anything to it What they should be doing with this is building building more that can be, maybe build a marketplace for the for the Eagle labs. NFTs, you know, they get you, as you pointed out that he spent, or there were over 60 million spent in fees of the last year on on open sea alone. [00:02:46] So there's a lot of potential to build, that could could bring more people to the ape coin. I don't know, a more natural way than maybe just giving them a more tokens to, to lock up. So it's an interesting, definitely interesting article. I think it's worth reading through gives you some ideas of how the, the history of staking and how it's And you know, I think this, this. Ape coin a coin has potential to, we've seen it has potential to have some big influence on the NFP market. Certainly when it was dropped, it had a lot of inflow or have a lot of influence, bought a lot of liquidity to the market. and I think it's going, you know, they're trying to make this the coin for the big land sale, which we're going to be talking about today. [00:03:28] So I, I, you know, I think it's important to keep, keep tabs on what's going on in with the. [00:03:34] Well, It's incredibly smart because they easily could have just made the land sale and Eve And collected Eve. But instead, what they're doing is forcing people to buy right. Buy the coin, drive up, [00:03:49] pricing it and pricing it and eight well. [00:03:52] Yeah. Pricing at big move. Right. it's not pricing it on the P And L it's like no. an eight, which is going to drive more people to have to again, transfer that much, right. Three eith it [00:04:04] into a coin. And by the way, I driving up the [00:04:09] prices of the damn thing. So you need to get more aid coin, [00:04:12] like, you [00:04:12] know, there's, I'll tell you what, there's a few people over a few brain cells And they're doing some smart things. [00:04:18] If you're [00:04:18] like looking at it from. And economic perspective. And, you know, I think it's important to have that narrative [00:04:23] of like, you know, you're misusing defy and you're going to break things like, okay. I mean, [00:04:29] it's, you know, it's got to function and it's being extended. And so it's kind of [00:04:34] interesting to watch people that are older in the sector would be like, oh, you're, you're doing it wrong. [00:04:39] That's not how you're supposed [00:04:40] to use defy. I kind of see a little bit [00:04:41] of that and ringing, Yeah, I I don't, they didn't see that as much. I, think that there is a, there's a lot to be said too, you know, rather than just admitting that lock up a token, you know, say they're not going to sell the token. And there's, you know, he values that well, I believe he had it at $7 billion or so if that's $7 billion, could it be. Could be deployed in many ways to bring people to the ecosystem rather than just emitting more, which is also diluting anyone that doesn't do that. You know, So there's a lot of a lot of mechanics that go into it. You know, we're, I don't know, we've seen, you could be quite successful the way they've rolled it out, rolled far. [00:05:21] So well, I should say this isn't technically yoga And you know, it is heavily. Influenced by the UGA team. So, I, you know, that's, that's a question that he you know, brings up as well as, you know, the fact that there is there's some lockup on the tokens by the investors team, but [00:05:40] And there's an unknown lockup. is just like discloses, like, and an has got lock [00:05:44] up. And it's very important if you're playing this game to understand when those [00:05:48] cliffs are. [00:05:49] Right. So there's not, not all of this is locked up. There's some already, already available for those investors, early investors and the team to sell. They unlock more at about six months. And that's, that's because at the same time they're incentivizing everybody else to hold. So, you know, just be wary of. [00:06:08] Of what's being said, and what's being done. I'm sure there will be other reports. And I'm not saying that they are definitely going to sell and dump it just that they do have that opportunity. And there's a lot done to to incentivize others to not do this. [00:06:23] Yeah, I'm not [00:06:24] So anyway, [00:06:26] anyway, [00:06:27] moving on, we've got ponder where ponder, where the developers of moon cats. We've talked about them in the past. They have that they may be selling off the IP to cats. Interesting story here. [00:06:42] Well, I was because I feel like it was the last week where I put you on the spot. I was like, would you buy more moon cats? Or would you buy like this other thing? And you're like, oh, I guess I'd buy more moon cats with this. Right. But like these older projects, that frankly have have the, sort of the history behind them and they have a team and there are people that hold them. [00:07:02] Like I think the [00:07:03] project. Really kind of, I'll just be honest underperformed for where I think [00:07:07] it could and should be because you know, maybe these, [00:07:10] these folks are developers and they're not marketers. clearly there's a strong element of marketing community must be developed. But anyway, the the net effect of that is that there's been a I think you know, it's starting to come back down [00:07:23] again from, from what I see in activity, but it was downloading. Point three, two. goes below a 0.3, them. And I feel like they knew it and they just ran up and on the car. [00:07:35] Yeah, they did have a good little run here, so we'll see. We'll see if any buyers emerge. I'm definitely curious to make a little bit more of this project. It seems like one that is talked about by, I don't know, by everyone at some point and definitely has underperformed. it's it's, it'd be exciting to see somebody else get an opportunity to do something more with it. [00:07:56] Definitely not. Marketing is not the strong suit of the team behind this right now. So much like the larva lab think they comfortable developing and not as into the marketing of things. [00:08:10] I feel like moon birds could just like buy this with one day's worth of trading volume. [00:08:17] Moon cats. Aren't good for birds. I can't imagine. [00:08:20] You get your owls? It's very much a similar graphic style. I got to say it wouldn't be that, [00:08:25] true. It's true. They got the moon, [00:08:27] stretch. [00:08:29] the moon verse. else did we have here? Oh yes, I saw this one. George, you've got a good control on NFT data storage. [00:08:37] I know this is kind of a bit more of a wonky one, but this it's important. To understand like how they're sort of mapping out and where things are living. And basically it's sort of showing us where things are being Over time, if your file is stored on a server on an Amazon cloud infrastructure, and somebody stops paying the bill, [00:08:57] your NFT is gone. Image is Sure. You still want. The code that's on the chain, but the image right where it points [00:09:04] to who've gone so that, you in the past is where IPF asks. a protocol file storage, I think is in play of putting the actual assets on chain when you're assets. [00:09:16] And this is just kind of breaking down [00:09:18] kind of where things live and it's, I dunno, it's a good technical an [00:09:22] understanding cause this much money on a JPEG, you mind, my mother makes sure the server bills [00:09:27] are paid. [00:09:28] Yeah, did mention that a lot of Ethereum projects make use of IPFS, but also make use make use of Penn pinning service to share easily, get URL to the IPFS so that Kenyatta is somewhat at a point in that it's single company providing those links. [00:09:51] So if something did happen to their servers or to the company there those links would break. it's best if link and, or a alternative link with projects using that our weave is also mentioned, and I was surprised to see that our we is actually the preferred method for projects on Solana. [00:10:08] That's. Surprising because it is a more secure from my my vantage point. Anyway So it's it's good. And there are some theory projects using it. I think we'll start to see more attention being paid to where these things are, are actually held at least perspective when people are looking at these projects, you know, we haven't fully experienced you know, a long. haven't seen a lot of these projects be around for a long run. Yet many of, most of them are under a year old. So it's still going to be a developing story. What happens as people lose interest in our move on to some of the on some of these projects and the bills go new project who dis the breakdown is interesting. Yeah. Are we've is definitely now kind of on my radar as a result of this, but for NFT, metadata storage for the top 100 Ethereum collections, they have this interesting pie roughly call it 50% are on IPFS. 40% are meaning that sort of, you know, got to pay the server. [00:11:12] And 9% on chain and 3% are weave. And the R wave is like um, basically you pay at one time and they So That's like, all right, that [00:11:22] generations anyway. [00:11:23] yeah. But what happens after [00:11:25] to like relax fella? Not your problem, right. those are dead people problems. Ethereum NFT media. [00:11:32] So media is slightly different. A lot more people, it looks like 60% rely on IPFS and those top hundred collections for media storage 27% centralized, and our we've has 4% on chain, 9%. It's interesting to, you know, where, where are your wallets captain? And then they Do the breakdown by as you mentioned, Solana and polygon. [00:11:52] So this is. I love this article. Actually. I love articles like this. I wish they actually looked at more than the top 100, but interesting data. [00:11:59] Yeah, absolutely. All right. Well, let's move on. Let's say we do, we [00:12:05] don't, have an affordable project for for you this week. Let's see. Do [00:12:08] I, I was checking out one, I'll be honest and I ruled it out because the community had died a bit and it was affordable. it just make sense. I ruled it out also because I felt like it was a Dow that had a target to acquire a noun and they didn't achieve their goal. And it seems like when you don't achieve that goal, like it's like, it's a rallying point and it'd be great. and it's really wonderful. Let's go get the constitution. Let's go buy this like super expensive thing and make it our mascot. But like the is it's a very all or nothing type of vision and mission. And so that's. It's less so like, oh, aim for the moon land on the stars. it's like no, no, no. It's like you aim for the, moon Or you land on earth cratering down because the community says, we can't do So it's, you know, it's kind of just an interesting take away, but yeah, no affordable project. Quick note on past projects though, is peaceful battles have begun, peaceful that X, Y, Z. [00:13:09] He's hilarious, double dragon style, [00:13:11] graphic, a little fighters, you get three battles and it's really a fun game dynamic just to play it out a few, if you haven't been in there, you basically choose your attack style. [00:13:21] You have a couple of days to choose it and you matched up [00:13:24] against. And it's like this game theory the, you know, water to beat fire? Or do you think that they're going to choose something water? So therefore you should go with lumber. So there's a whole funny back and forth game [00:13:36] dynamic going on. [00:13:37] Fireplace on piece falls about [00:13:39] 0.15 right now, I guess. So fun stuff. Interesting game dynamics. I'm all about the games. All right. Digital land and scarcity. You go labs, you go labs, other side, [00:13:51] no scarcity, No scarcity. Well, I, I shouldn't say that. I mean, I shouldn't say that there's no scarcity, 200,000 plots as the plan or at least the rumors. And this is, I believe it was originally from the pitch deck that leaked back before other side video Oh leaked And was officially released thereafter. [00:14:11] But anyway, the upkeep or the recently leaked information was that it would be praised ape. mentioned that staring at six, 600 ape, which is $9,000. So a hundred thousand plots then, and then another a hundred thousand plots coming in the summer is the rumor 200,000 plots is enormous. [00:14:32] That's. That's a lot bigger than, I mean, when I was looking at it a hundred quite realize that there was another a hundred thousand coming, I was already thinking that a hundred thousand was, it was a really aggressive number they have a white list that includes many of The top and Ft collections. And I don't know that that is necessarily enough to get people to to go. thousand worth of these, especially at a three Eve price. You know, we did see moon birds do crazy numbers, you know, but that was a 10,000 piece collection minted at two and a half. And if the price has run up, but the, scarcity part is helpful. [00:15:11] There, I don't it's, I think it's going to be a lot harder to see, to see a hundred thousand sellout and for that price to hold anywhere, right now I could be The my, my hesitation. Is it just that there, that first part is is so…

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    Have Utility NFTs Moonbirded? | Project: Vayner Sports Pass Apr 25, 2022
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    Theme: Have Utility NFTs Peaked? MoonBirds showed value of Utility NFTs as Proof floor >100, Moonbirds > 30 Speed up can be an indicator of speed down. Is this different? New utility NFTs launching (PoolSuite, Quantum, VSP, MyBFF, MetaRelics, etc) Monster projects seem to be coming up each 3 months Affordable project: Vayner Sports Pass NFT NewsRantum NFT Market Data, Cryptoslam.io NFT Headlines: Get Paid to List NFTs on LooksRare Artist Trevor Jones Announces A NFT Holders Party In A Scottish Castle ApeCoin Experiences Massive Rally Ajax football players trade Sorare NFT cards on insider info allegedly - Ledger Insights - enterprise blockchain Transcript [00:00:00] Today on all about affordable NFTs. We're talking about the very unaffordable utility NFTs a little bit more into moon birds and the the larger [00:00:54] ecosystem of again, how utility is really justifying valuations and valuations of, of these projects. [00:01:04] What have [00:01:05] we seen in the news? [00:01:06] Yeah. [00:01:08] Yeah, here we go. Got a few headlines here. rare. They got a new sort of marketing tactic out here where you can know. The looks token by listing your you know, it's, innovative, I guess it's not my favorite favorite marketplace. But they are certainly trying to move some more adoption to. [00:01:32] That to their marketplace one way or another. are rewarding users by adding there. So I think I read That you need to do 10 or so to make it worthwhile, but if you do have and have some that you want to list, it is check out. [00:01:48] Yeah. I mean, looks token are actually about 25% over the past seven days, which kind of nice [00:01:55] Right. I believe around $2 or so [00:01:57] right now. [00:01:57] Yeah, I got up there. I got up there. Cool. All right. So I guess another token news we've got Abe coin, which they believe last I looked was up over $15. It 30% in about one day. And that was after news leaked out. That UGA labs was planning to do their other side land sale or to hold that sale in the. Ape token rumors are, that's going to start at 600 ape, which would be w had $15 would be around 9,000. [00:02:33] So a little bit over three eat at these, at these priorities, sorry, around three, that these prices. So that's sounds like an aggressive price. When you consider that this first land sale will have thousand pieces and they plan a second land sale for hundred [00:02:50] Sorry, you said a hundred 200,000 [00:02:54] 200,000. Okay. [00:02:56] So I don't, you know, that's a lot, [00:02:58] I'm sorry. 200,000 things priced at three east. Yeah. So that would be 600, you know, if that's real, that's about ether, which would be over what over. Yeah. Oh, that's $1.8 billion or so, so I can't imagine they can really take that in. I would think that I, you know, I've heard also that it could be Dutch auction of, I don't understand how the Dutch auction or worth of work with I don't know. It'll it's, it's interesting. You know, I don't know. If it's too aggressive of a swing, certainly sounds like it may be. But they are going for it. Anyway, and so far people are buying the token in anticipation of that. We'll see closer to the launch. These are All rumors So far the actual mechanics you know, haven't been announced for that land sale. [00:03:42] Although so far, a lot of these rumors that have leaked out of UGA have proven to be [00:03:47] accurate. [00:03:49] Yeah, I'm just looking 14 days. Roughly speaking, it's up 35%, but literally as we're talking over the past 24 hours, it's dropped 16%. So this thing is, this thing is getting wild, right? It's going up and I don't own any aid. [00:04:04] I will say prior. I do own looks [00:04:06] and I know that you own [00:04:07] eight and looks right. [00:04:10] I do not [00:04:10] own looks anymore. Now I have a little bit of ape. Yeah. All right. So next [00:04:17] I just like really quick, like on the eighth thing, like I said this in the discord, but like, I'm like, I missed the train. I missed the train and anytime I find myself trying to throw my baggage car, as it pulls out of the station, like I make a mistake. I buy it. So I am firmly of the belief that like I missed it. That's fine. I, I might keep an eye on the but I'm nervous about those numbers. Maybe we'll do about land perhaps. [00:04:43] Alright, perhaps. All right, what else we get for headlines here? we've got a rate Georgia. You've invited to a castle, a Scottish going on. [00:04:56] Andrew, I'm going to have to have a whole new, a whole friends, because artists, Trevor Jones announces that NFT holders get to So Trevor Jones is an you know he's done a number Bitcoin angel and you know, this is an interesting project, one of the like [00:05:13] tying to Integration to the reaches 7, 7, 7, 7, 7 of giveaway. However, this is [00:05:21] really funny. Sterling castle in an invite only, I I don't think I'll be able to make it. It's nice to get. Usually it's just nice to be invited to a castle. [00:05:32] I mean, I, I wouldn't see a few. You can just swing by, you know, [00:05:37] I don't know. Maybe I [00:05:38] can do it. I've got to talk to you a wife and see if she'll no, no, I think I know the answer to this already. Yeah, [00:05:46] I got an extra I have to, I can give you one if you want to come with. right. Well, we'll see what happens there. I think that we'll see you when you make it over to the party. Sounds like anyway, moving on. Let's see what else we've got here. We've got this one and this one's good. so we've got the Ajax football team soccer team. We're caught like or trading on some civil rare and FTEs. had found out. [00:06:13] that they were going to switch the starting keeper. starting keepers NFTs, bought the back. Before the news went public, of course, people have figured this out. They've got public accounts. So you know, fans and others quickly figured out what happened here. So, so far they're saying not, it's technically not. [00:06:33] Regulated by commission. Although I imagine that that one's not going to hold up so well with their, with their league. I don't know about the the financial implications remember what you do on the blockchain can be seen could see the time. So even if it's not known right at the Yeah. I mean, clearly if it were a stock, that is [00:06:58] something that is frowned upon by the And in general a public market in any ways. He's a big no-no, it's just dumb. Like, what are you doing? Don't do that. But it's the beginning of the complexities of when NFT marketplaces that offer liquidity to you know, players, trading cards and pieces that impacted, like, I wonder what would have happened if those were sports cars and instead they dumped them on eBay. [00:07:26] I don't think anybody would look two ways about it. But because it's on the chain, it's with your name doing this and people will find out. [00:07:35] That's true. Yes. You know, her too hard to complete that information when it's on the [00:07:42] speaking of sports smooth transition here, look at me. [00:07:46] Speaking of sports, the Vayner sports pass, you're bringing this to us. I have heard about it. We talked about it. This was AAJ Vaynerchuk, Gary Vaynerchuks brother, this was the notorious [00:08:01] and infamous now uh, Supermint price where the cost of minty. [00:08:07] Far exceeded the actual amount that was paid for the actual project. So do you want to talk us [00:08:14] through the Vayner sports pass and why you see it as an [00:08:16] opportunity? now. , So this is now it's the collection is now sitting at about a point for a floor. I believe gun back and forth a little bit under that. We. you know, has, as we talked about, this caused a quite the waste of gas when launch and has certainly helped to keep the full floor down. [00:08:40] I think, you know, it got a lot of negative attention when it launched. So I think in some ways that is good as a, you someone at the collection now. We talked about at first, it is by AIJ banner who is Gary Vaynerchuk. Brother I don't know, a ton about his, ex his past. [00:09:01] I know he's been some of guarantees projects in the past. believe, you know, I have to think that he's going to use a lot of his connections that he felt with with Gary over the years to to help promote they do have a, they've announced that they have a roadmap coming this But hopefully it is more than some of the roadmaps we've seen where they are quickly maybe a Google doc and published. That's this is my hope that it's done in a much more, professional manner. They have announced some partnerships with athletes in the NMA area. I've not terribly familiar with MMA. [00:09:35] So I don't know, sort of the level of notoriety these athletes at this point. So these keys themselves are. There are various icons on various backgrounds and colors for the part or the basic ones. There's, not much difference among those. [00:09:54] From what I can tell, I don't there's much different in what they give you in terms of access. There are a few levels of these. So when you're looking at see that there are so. Let's see different, there are different colors that do have a more, that are more rare than others. So you see different levels. Once you get, let's see into like the gold, those jump up a bit. Let's see. The green actually. Let's eight aren't much above floor. Again, I if there's something to that color I have to think that there will be certain certain levels of access with different tier cards on here. [00:10:33] But I think it is you know, it's at an affordable price now let's see. Point three, nine, five as we speak. I've been watching it, do not have any yet. And I don't think you have any at this port point either, right? George. [00:10:46] I don't, but like my macro piece on this you know, from podcasts I've been listening to. Including overpriced JPEGs and people that have worked firsthand with ADV Vaynerchuk, the guy is sharp. The way that this was coded on chain was done intentionally. So the, the bad byproduct was the cost of gas and sort of getting this out there. [00:11:08] But it was in favor of a long-term technical decision. So far. What I know of the Vaynerchuk brand is succeed and is tied to the whole. And that they're [00:11:20] very, very deep into these sports [00:11:22] media. and what's more the sort of the [00:11:26] Vayner VaynerMedia And the marketing therapy works with a lot, [00:11:31] As you [00:11:31] mentioned, sports teams and has a lot of access, and they're becoming frankly, the leaders [00:11:38] in crypto consulting and NFT consulting. and I dunno, you combine those things for me. And I think. [00:11:44] It's very clear that [00:11:47] this probably pays back with drops alone. And the other reason of sort of like why now because that was one of the worst drops I have [00:11:54] seen ever, and I think [00:11:58] it's still holding at a price, [00:12:00] It would have killed a lot of projects and I think [00:12:03] in the water. You kidding me? [00:12:04] and I think it's really, I think it's, it's, it's great that it hasn't killed this one. and I also would have been surprised if it actually did because you know, Vayner name, they don't, they don't take it lightly when they put it out there. [00:12:16] As you said, You know, I think it's, it's interesting to think about how they think it's all part of the the whole, and you know, one bad project is going to you know, make it a lot harder for them to continue going. They've been in this space, you know, for a long time. You know, at least as, as long as you can be in it it's not like some of these other names that are coming in getting involved and then launching a project, you know, within AIJ has been in the space, you know, has definitely been around and with both Gary and Vonda own, in the space. [00:12:49] So, you know, that makes me more positive in thinking that they're to continue on this project. I also think that there's a very. A very strong likelihood that a lot more young athletes begin to get into NFTs and Vayner sports has a big leg up on the competition. When it comes to getting involved with getting those, athletes, athletes involved with them, they are already here. [00:13:13] They're web three native, and I look at that and look at this as one of the leading brands. [00:13:20] Yeah. just to make this even more complicated in addition to the card type which has escalating at that peak looking at diamond, in addition to [00:13:29] that it looks like there. are icons on them about each one, has like a couple of icons and [00:13:35] each one is associated with things like e-sports golf, football, So. [00:13:41] do actually have. Value to that. Are there, are there, are there like that's, I didn't believe that there were, there was anything to [00:13:49] those, but I wouldn't [00:13:50] This one has a baseball ache. Just one. So some have one. Okay. [00:13:57] Yeah, I don't know exactly if there is something to, you know, if there's actually a valued, tied to what is shown on the card or not. You know, so it may be worth looking into a little bit more. I haven't found anything about that at this point, if you do find something or we find something we'll of course discuss that in the discord. [00:14:16] So hop in there. If you are looking to get into this one, and hopefully we have discovered a little bit more, we can share [00:14:21] there. [00:14:22] Yeah it's, it's worth looking at. And I, And I like the why now, And also getting back, you know, to what we're gonna be talking of main utilities and new moon birds, watch this smooth transition. I think when you have a project like moon, birds come in and literally move the entire market. and when I say move the market like crypto slam for the past seven, Shows a hundred percent increase. and guess what? 375 million of that came from moon The next highest is, mutiny at 68 9, which all these numbers are absurd. So when I see that, oh, I, you know, I know I'm frustrated about missing the boat few weeks, which is. actually a lot, I'm missing a boat on, on moon birds, but the opportunity is that. [00:15:09] These other projects some of these like high value, you, [00:15:12] know, projects are out there and have an opportunity kind of some value. Right. And that's what we're, we're trying to do here. Find something affordable and all right, Andrew, let's talk about, and FTS. We just talked about members. [00:15:29] They showed the value of utility NFTs. Can you just explain, like we're throwing around utility? What the heck the actually get if you have like a moon bird, what is, how has utility. defined. [00:15:41] I mean, that's a good question for me. What the utility of the moon bird is. It seems to me that the proof pass was more of the utility They created this moon bird collection approved pass gives you, gave you access to mint, one of the moon birds. You know, I guess, how would you ex how do you think, do you consider the moon bird project, a utility still? [00:16:02] Or do you, or, or is that just a PFP project? [00:16:07] it is definitely utility And that you get access to a certain type of discord. Right? I know that you're going to be able to hang out in discord room. Kevin Rose. Cool. you're going to probably be surrounded by a lot of whales a…

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    Coinbase NFT - Let’s speculate! | Project: FewoWorld: Paint Apr 24, 2022
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    Coinbase NFT Coinbase announces beta of NFT marketplace with social engagement https://nft.coinbase.com/shop What does it mean? How are projects listed? KYC mandatory? Social NFT first? https://nft.coinbase.com/accounts-to-follow No verified accounts, many impersonating known NFT Twitter accounts Lacks attribute filters Affordable project: FewoWorld: Paint NFT NewsRantum NFT Market Data, Cryptoslam.io NFT Headlines: Coinbase announces beta of NFT marketplace with social engagement Moonbirds Shatter OpenSea Records With $240M Traded Within Four Days Of Launch - The Defiant Rough Transcript [00:00:00] Today on all about affordable NFTs. We finally get to talk about Coinbase NFT time. It is time to speculate. I'm so excited. Your mic is not on. All right. Well, we have been talking about it. We already, I feel like, and now we finally get to to talk about it with a little more substance, but we're in based NFD has launched and at least in beta, what does it all mean? [00:00:29] Basil? What does it actually mean? It's launched. That means we can all get access, right? Andrew, like we can log in right now and start using it, right? Not exactly. Yeah. I'm not clear how many people actually have access to this. [00:00:39] Small as a hundred people, which may be ridiculous if it's that, then they really got to clean up the spam. They can literally just point out. Who's stop it. Stop it, John. You're the only John on the platform. Stop it. Well, anyway, I think that it's obviously big news and it came on on April 20th. [00:01:01] You know, on a date that there are many other I dunno, and Ft, shenanigans launching all sorts of projects themed for the day. And I'm not sure why Coinbase did it that day, but they did seem to wait maybe for the you know, I'm sure they were doing some regulatory issues, the official, why they had to use that date, but, well, no I'm saying I'm sure there were some things going on behind the scenes. [00:01:26] And then you do wonder if maybe their crypto experience led them. Launching that post NF, I mean, post a us tax deadline time. I mean, they do know how that tends to affect the crypto markets. Yeah, that's right. I mean, frankly, it didn't obviously moves a lot of money around. It usually causes a lot of sell-offs in equities and that probably extends to NFT markets as well. [00:01:50] So like we're finally through this. Terrifying annoying, wait and see tax time. So maybe this is like kicking off a, a new start, but we'll get to some more of like the speculation on what we can tell. Cause neither one of us have an account. The other big thing that happened in the last week and we were talking about it. [00:02:07] Oh man. This was the inverts moon, birds. We thought it would be big, right? We thought it would be big and somehow it was bigger. So I'm just going to like this is a Kevin Rose project coming out of the proof collective and proof podcast. And, you know, there's you know, it's a utility it's utility token gives you access and they're going to build them. [00:02:31] It's. It's copy paste a roadmap. Like we'll have a metaverse we'll have a thing, except it's being done by somebody who was the founder of big who's used to executing. Who's built up an audience of whales. So it's, it's ridiculous. Can you give us some numbers? Cause I'm just using abstract. Can you put it in context? [00:02:48] In terms of how big this launch was? Right. So I guess we should start by saying this minted. Two and a half Eve. And it was a, I think we mentioned this previously, but it was a raffle, only a white list. So I don't know how many entrance they had, but you know, if you were on that, it was like winning a lottery spot because they immediately were going for 80 or so I think nine Eve by the w. [00:03:12] Lowest for that I saw. And at that point I I thought that maybe that was a little overvalued and thought I would have a chance to get in at a lower price and they just kept on climbing. They've done. Let's see, the first four days they set a new open, see record. 240 million traded. The initial, it should say the initial sale brought in about 78 million directly. [00:03:36] So that's that's certainly going to get the attention of other other people with maybe the following or network that someone like Kevin Rose has and the experience that he needs, someone like that has. I'm sure they will look at that 78 million. In you know, a matter in a very short period of time, you know, as, as we know that there was a lot of buildup to that. [00:03:55] But that is an impressive Mount. And now they've got 240 million traded. They are taking, and I believe, I believe it's a seven and a half percent cut of the of the, of each sale there. So I thought they were. Oh, I believe it's seven and a half. Let's see. So I could be wrong, but let's say that, you know, even at the so I guess we're at about 18 million, they've taken in at seven and a half percent on that 240 million. [00:04:23] Although I believe that I've looked at a number just recently and it's, they've done a good number, a good number more than that. I believe it's up over maybe 400. 15 million now versus five days. So we're talking about crazy numbers. It's, I don't know. It's, it's done much more than I anticipated, as I said, you know, I do feel like that train has left the boat at this PO but the boat left the station at this point for me. [00:04:51] And I missed that one. Unfortunately, you know, but I do think. You know, it's hard, it's hard to, hard to surmise that this won't influence a lot of other people to launch projects like this. I can't imagine that many will come even close to the success of this project, but you know, you can, there's a lot of wiggle room in there to do quite well without getting to a 30th floor. [00:05:12] Yeah, look, we're going to dive into a lot of the implications of this. You know, we were, we were both sort of like we had parked some ease and I think we both have a, I had a reservation price. I'll say my reservation price was five eighth. Had those things gotten to five eith I would have pulled the trigger and it was, I just feel so frustrated that I was like, I knew it was coming. [00:05:34] I knew it was going to be big. I knew it would be a worthwhile investment, but I like looking at it. I can't be angry for no. Blindly pulling the trigger at eight E like, I can't, I can afford it, but like that's, we're talking about a massive investment in a startup company, right. In essence, that is been around for a year. [00:05:55] Like the proof collective has been around for you. We can get into it. But I dunno, I was frustrated because I really wanted to get one. I felt like I had followed the project prior. I knew about doesn't matter. It really doesn't matter. So, yeah, that train left and. I I'll just be S I'll save it for the next episode. [00:06:13] I'll save it for next episode. Well, it's a, yeah, it's impressive. So yeah, we will have to talk about that some more, get into that with what this means, you know, there's a lot going on still. You know, at this point we've just seen that floor climb and of course, we'll keep, keep watching where it goes, because I think it does have a lot of implications for the NMT marketplace. [00:06:32] You know, or they'd have to market as a whole moving forward. Small one here, the sandbox years up to raise 400 million at a 4 billion valuation. It's really strikes me as a lot of money. Yeah. I mean, I I'm gearing up for that too. Does this mean they have someone ready to, to give them that money? [00:06:51] I mean, that, that is a, that's a big valuation. I feel like it's a sandbox has been somewhat overlooked. Recently it seems alphabet with NFP world sort of taking over that. Voxel, like building in the don't know, with sort of a gaming aspect to it, but but clearly their wealth, they're still at least attempting to get 400 million. [00:07:11] That would be a, an impressive raise. Okay. Yeah. All right. I say we jump into an affordable project. You found us something interesting. I'm excited. I know nothing about this thing and I hope you don't pre. Well, we'll see, I hope you don't get me to buy another thing, but right now, just full disclosure, I don't own any of these things. [00:07:30] Do you own any of these fellowships? I do. Yeah. So this is so it's called fuel world. It's fuel paint drops. A few OSHA's is a young NFTE artist. Believe he got started in an FTR last year, 17 years old 18 now does a lot of, I mean, he does a lot of paintings including in real life painting projects where people can even kind of participate in some of the paintings, but very influential artist. [00:07:58] I think he's in. That we'll we'll sort of help. We'll help bring a lot of people into the space. He's got quite a following and as an artist really seems to influence people to want to want to interact with the pieces. So. Does paint drop was actually a nifty gateway, which I'm sure Georgia, you know, won't like but it was a, let's see, it was an open edition originally. [00:08:22] And each paint drop was 1000 was $1,000. There are paint drops that, so there's paint dry. That are multiple drops within them. So if somebody had bought maybe three at the at the nifty gateway auction, they were then minted into a single NFT that then contains three paint drops. So if you look at the collection, you'll see different paint, drop sizes. [00:08:48] Most of them are, are of course, just one single paint drop the total collections about 7,300 pieces. So that includes all of the different Large, a larger size paint drops that were amended in the NFT PR in the original open edition collection. Excuse me. So the, they are going to be part of a fuel world. [00:09:10] There's not a ton of details on what that exactly means at this point. But they, the, the paint and the amount of pink in your drop will sort of be, will this determine how valuable it is within the world can be redeemed for different Different things within the world. He does a lot of clothing has had a lot of like shoes done. [00:09:30] Some drops with artifact, a company we've mentioned the past and it's now owned by Nike. So I would imagine there'll be some opportunities to. Redeem for different pieces maybe to combine these pieces. So I think this is a longer term, hold the floors around 0.4 eith right now, which let's see today's traces. [00:09:54] Let's see how much that is over the over the original mid price. What do we got here? So, yeah, we're just a little bit. It looks like 1300 or so. So it's a little bit over the floor. I've seen some, some people buying them in bigger batches, but, you know, I think he can be patient and be able to pick them up for not much over the mid price. [00:10:13] And I think it is one that would be a longer-term hold good to get exposure to a young artist. And I think it'll be an interesting project. The future world. You know, whatever that is launched, you know, have to stay abreast of the, the infer, their info there, but could be interesting to see what he does with that. [00:10:29] Yeah. It seems like there's also an access element to this as well. If you go to that site, fuel world, that IO. So this is like is their first generative and it's definitely like talking about. You know, giving access to future potential drops unlock things and fewer world, including canvas and fuels. [00:10:51] So like definitely not just a PFP, how it say ER, it looks kind of cool and yeah, I mean betting on young artists and, you know, sort of first community level. Is interesting little pricey for, for affordable. And I always like you, you joked, you're like, oh boy, it's from nifty gateway. Like yes, nifty gateway, ha I have some issues with it. [00:11:15] But it's great for on-ramping. It is great for pulling in new artists. And also recently I realized, I didn't know this before that they actually found. Like they convinced people to do. And I did not, I did not know that actually that's so they've they've certainly brought that that's certainly a win for the NMT industry in general. [00:11:36] I mean, it's hard to imagine that that everything that has happened this past year would have happened without people's. With, I don't know, let me say, I mean, not certain things would have happened. He certainly helped bring a lot of attention to the industry and a lot more money into it. Correct. I think he accelerated the sort of Christie's level game for sure. [00:11:56] Which then sort of imbued the rest of the artists capital a, that we're working for a long time originally in the medium, also that lift. So again I, I will say. Just to come back to the statement though, when I look at a piece that I saw an open edition mint on nifty, it means it's saturated the market of people that value the thing at X price. [00:12:20] And we've even seen that with our own holdings in our X copy pieces, which are like oscillating above and below mid price right now. And that's fine. So that is just stuck firmly in the back of my mind of like, this was an open edition. Probably for 10 minutes and it's saturated the market. Now the floor does seem to be holding in and around this point here. [00:12:42] So like that post, like, it looks like it dropped on on April six and it did have a little peak trough kind of game there. So take a look at it and remember like go back and listen to one of our thin versus thick floors on this. But this is. It's relatively one other note I would look at if I were to get it. [00:13:03] If I were advising someone to get one of these, look at the doodle count, there is some rarity there, and sometimes you can find most of the one page. Drops are single doodle count, and I don't know how much this will matter, but the there, the two doodle counts are much rarer and are often sort of the hidden in there at the floor price despite being much rarer. [00:13:30] So I think there is an opportunity to maybe pick those up When people don't quite realize that there is a difference between them you know, and it may not mean anything in the fuel world, but it could. And I started that and I think it could at least help in a when selling it once people start realizing there is a different level of rarity to those, oh, this is awesome. [00:13:50] Good job bringing us up. I'm definitely gonna look at it. And again, just shut out. Like when I'm going to look at it I'm not sure yet, but I like that. It's not just a PFP. I'm looking for things with utility. I'm looking for artists capital a, that are going to be in the game and build up a style and brand. [00:14:06] And yes, I definitely have heard ferocious come up a bit. I'm also gonna use the wagging tool to like, do exactly what you said. Look for the. It was called a trait gap Delta and looking at the trait gap deltas. So it basically means there's like a whole bunch of mini floors based on all of these silly traits. [00:14:22] Some of them don't mean anything. And some of them actually mean that you can find something that has I high Delta, right? You want that large difference between like where it's listed at the low versus the next highest price which can get a little junked up when you have a ton of. Traits, but it's worth ta…

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    Growing Women-led NFT Projects! | Project: WomenRise Apr 20, 2022
    Show notes

    Project success of World of Women. Self-fulling prophecy of guys having more access/headstart creating projects that appeal to guys and so on. A smart strategy could be to start looking for female-led teams/artists as the market grows. World of Women Galaxy - Collection | OpenSea Project: https://opensea.io/collection/womenrise Women Rise is another relatively new female-led NFT collection in the space. Yet, it’s already supported by celebrities like Gary Vaynerchuk, who minted 10 NFTs during the project’s December launch. In a short span of time, the project has raked in over $13 million in OpenSea trade volume. Acclaimed visual artist, Maliha Abidi created the collection of 10,000 NFTs representing women across the globe. A Pakistani-American artist, Abidi has been advocating for social justice through her art. boys club: Only ~15% of Bitcoin and ~12% of Ethereum investors are women Of the 121 founders of the top crypto companies, 5 are women Men are 2x as likely to invest in crypto as women BlockFi found only 9% of women say they understand cryptocurrency https://cryptoart.io/artists Women Crypto groups/projects https://cyberbrokers.io/ SheFI Black Women Blockchain Council BoysClub Dao Headlines:EToro Is Aping Into Blue-Chip NFTs With $20M Fund Nouns DAO Backs NFT Crowdfunding Effort for Indie Film 'Calladita' - Decrypt Transcript [00:00:00] Today on all about affordable NFTs ladies rule, the rise of female led NFT projects. I'll be honest. Like we could have done this episode anytime, I think over the past six months, but we've been waiting kind of gathering some, some notes on it and excited to share some of that. Some of that conversation and alpha with. [00:00:20] First, I think we somewhat alluded to this in our last podcast to listen to that recently, just discussing this. George recently picked up a couple of pieces from the Sarah show and Sarah Zucker and Betty from the artist behind. Dead fellows. Yeah. [00:00:38] So the funny thing is, is like it's been in my like personal investment narrative for a little while and we've kind of been waiting to share it, but I, yeah, I, I'm excited to get both of them. [00:00:47] And I actually I tweeted it the Sarah shows there's soccer and saying like, Hey, picked up when your repeat. And she's like, oh, awesome. Thanks for collecting. So it's kind of cool. Like she knows me. [00:00:58] Yeah. Cool. Well, yeah, I'm excited to talk about this. I think we have seen we've definitely seen some some projects, some women led projects get some, some big headlines, so it'd be good to dig into this a bit more, but you know, as he said, why don't we start with some headlines? [00:01:13] Okay. E Toro getting in aping into blue-chip NFTs with a $20 million. Okay. So this is a, an investment platform and they are actually putting a, a, sorry, a portfolio of NFT investments together. This isn't a portfolio or a investment fund to invest in infrastructure tools around NMT. This is actually investing in the NFTs themselves. [00:01:36] So haven't seen a ton of. Direct investment. It, of course is coming from a more I don't know younger sort of financial company and not too surprised that this is happening, but I think we'll start to see this kind of thing more and more. [00:01:52] Yeah. They talk about saying they want to be one of the leading and if T collectors in the world fully deployed to collection, that already includes an Ft projects from board eight yacht club, crypto punks, and right on theme world of women. [00:02:05] World of women. I think being, I'd say the largest, would you say? Yeah, that's what I kind of look at his leg, his WomenLead NFT collection at this point. And there's been a handful of successful ones and I think that has led the way I believe in terms of price, it's still up there and certainly gotten a lot of headlines. [00:02:24] So yeah, interesting here. Next one, we've got nouns, Dow backs, NFT crowdfunding. So now in style up to something, any indie candidate film for Calla Dita definitely didn't pronounce that. Right. So what does announced dial up to here? [00:02:40] Yeah, I guess they also, I've heard about this this films and indie film is being funded through NFTs and I believe it is connected to let's see, it's connected to. [00:02:51] Martin Scorsese's daughter. She was on a. I believe so I'm now reading through this and not seeing that right away. But anyway, they announced out is putting some of their significant ease towards backing this project. As we've mentioned the past the the downscale There is the release one new NFT each day. [00:03:13] They're still going for a pretty hefty sum. So they haven't spent a ton of that. So they are putting some of that towards this film. It will be the first NFT back film. It's so interesting to see. It looks like they do have some that they actually have a bit of a trailer here. Click, I'm not entirely clear on the status of the film at this point. [00:03:34] Yeah, it seems like they're going to feature those glasses. So somehow that's going to be fit into the narrative. So there'll be a there's that like the content and that content inclusion for that nouns. That was a funny, one of it is. Just keep turning out those, those nouns every day. Good for them. [00:03:53] All right. We can move to our featured project, which [00:04:00] actually we talked briefly about this. I think one other thing we could talk about, if not, maybe NFTE specific is just the. Oh, the news that's been going on with Twitter recently, it is still a very popular place for NFT discussion. And we've had Ilan recently by about 10% of the company and then kind of put all his chips out there and say that he wants to buy the whole thing. [00:04:22] And as we've mentioned this on a recent podcast and it made the news may have changed by the time you're listening to this. But I think it will have some sort of impact on the, on NFT discussion and crypto. Twitter. So it's definitely one that I'm looking at and keeping, keeping tabs on. [00:04:41] Yeah. I mean, you see when all those announcement happened, like speaking as a dose holder the price of doge moves kind of aggressively when that happens. And also remember that as Dorsey left, he was a Bitcoin maximalist and maybe we'll actually slowing down the integration and adoption of more NFTs into web three tech into. [00:05:02] Twitter. So I think all moves there. It seems like the path of Elan having his way or not having his way, all paths lead to Twitter, more broadly deepening its relationship to web three, which will increase adoption and usage. So it's all upside from where I sit, but I'm really rooting for him to do it and then make doji official currency of Twitter. [00:05:22] And I'll be right back on my dose to the moon. [00:05:25] That's all right. I imagine that's all part of the plan. It's [00:05:28] all, it's all planned out. I just have to survive the trough. [00:05:30] All right. Well, now I think we can move on. I thought that we should at least get that in there, but let's move on to our affordable project. And once again it is George bringing one to us. And what do you have to go along with our theme this week? Wait a minute. Is that three today? This week you're doing this week today. [00:05:49] You owe me you want me I dunno, a moon cat pop for forever. [00:05:54] Oh boy. [00:05:54] All right. So ladies rule is our theme, but the project that we found is women rise. And so I guess relatively new female led NFT collection, I'll say the current floor just to get you anchored is. Two one. And that is a, I would say relatively thin floor. [00:06:15] So this thing pat us on our back, I we get 80 downloads, this could move the floor. So all the more reason to join us in the discord, because I'm about to post it there. So they'll get to see what's going on really great art here. And it's celebrating. It says and representing women, scientists, activists, artists, coders, and more. [00:06:34] And they're focused on advancing women's rights and girls' education through NFTs and web three, and even trying to build the first school in the metaverse and really sort of exciting vision. I would say it's a collection from an artist activist Molly hat, Z art is her tag and, and focused on advocating for social justice. [00:06:55] So what do you see in, in this project? I'll say 10,000 items. Yeah, 10,000 items. You've got a, let's see, we've got about 5,700 holder. So a pretty pretty good unique holder count. I would say for a collection that size as you mentioned that it didn't get a lot of attention when it came out earlier and actually had a, we got an average price of over one eith at one point it's been kind of sliding down since peaking in. [00:07:24] Let's see, mid February or so. But you know, it has, it's a fairly fairly affordable project at this point, I would say, especially compared to where it's been and where many of the sales have been. The holder count has been relatively. Daddy increasing slightly, but you know, I'd say definitely not. [00:07:44] I wouldn't, it doesn't look like there's people dumping this project. I think people are looking at this as one of the more affordable women led collections out there. As you said seen world of women do quite well and it's even grouped in with the Crypto Punkin board ape projects in the blue chip collection. [00:08:04] So I think this is a way to get in on a women led project at a much more affordable price. And one that frankly seems to be being overlooked. Maybe because who knows what the reason is. But I, I think there's a very good chance for some of these women led projects to to get more attention in the future. [00:08:24] We know that there's a lot of Hills in the space and it's very dominated that way. I think as new people come in, we're going to maybe see the the numbers shifted that for awhile. And some of these projects could benefit. [00:08:40] Yeah, just doing some trait analysis inside of whammy.io. [00:08:46] It's all over the map because there's a bunch of attributes and I really can't find a salient attribute that I would say to go on. So like it's one of those to, to take a look at more closely and see what you see in and see what like draws you to it. But there's accessories, background, badge, body clothes. [00:09:04] I make up glass hair, head helmet, light background lifts, reflection, ribs, and the list kind of goes on. There's some, some big deltas in here between floor and the gap. So this is like a gap analysis essentially of saying what is the micro floor was what I look at at, at different traits to be like, all right, where, where is maybe somebody mispriced something along the way for, for the traits are, but there's a lot of, a lot of variants here in, in these gaps speaking to again, the thin floor and the psych sort of our recent loss of attention. [00:09:36] Certainly if you have a a longer view of this, this is interesting. This is very interesting. [00:09:44] Yeah. Going on my watch list for sure. So thanks for bringing that to one that one to us, George. [00:09:50] Yeah, absolutely. This is a fun one and it's definitely on a, on my watch full disclosure. We don't own it as of, I don't know the recording of this, but who knows? [00:09:57] Because. We buy things. [00:10:00] This is true. This is true. [00:10:03] Okay. All right. Ladies rule rise, the female NFT projects and at a high level, look, the, this, the fact of this is at a high level, this is a boys club. Look, I will speak as someone who's running a podcast to two men talking to each other about NFTs. [00:10:20] You see it a lot in The numbers as well, where according to some stats that only 15% of Bitcoin and 12% of Ethereum investors are women. So that's like if we imagine a world where it should be 50 50, because it's supposed to be open architecture and pulling in everybody into this community, let's just like, hold up the mirror and look at the data which is readily available. [00:10:45] That's just sort of, not the case. [00:10:47] Yeah. I mean I actually haven't seen the data necessarily behind this. My, I think that is somewhat harder to, to come by just by wallet addresses, but I think it's pretty apparent when you interact on. Crypto Twitter discords or just look at the the people behind projects, the ones that are docs it's, it's very heavily male. [00:11:10] I'm sure you do have some, some other numbers that you can share with us here on not seeing it. But you know, it is very obvious that it's, it's a lot of males and we've talked about how will you know how there are fewer females in the space. And they, I don't know. I would say it's it's. It's almost there many are overlooked. [00:11:32] And I'd say that there are a handful that get the attention in place of actually trying to promote it to be a more more open space over are, I shouldn't say open, but more, a more balanced space overall. It's it's almost like if there's enough attention and put upon us, you that it somehow makes up for, for the inbound. [00:11:52] Yeah, some of those just sort of other top line stats of the 121 founders that they found in a research report of top crypto companies, five are women. Men are two times as likely to invest in crypto, as women. That's like a pew research coming out, block five found that only 9% of women say they understand cryptocurrency. [00:12:13] So certainly based on these kinds of surveys and whatnot, but it's look, it's a bit of a self-fulfilling prophecy that. Frankly, if men have access to the capital and creation markets for NFT projects, then they create, guess what? She, that appeals to more men that then fulfills their sort of like next project. [00:12:35] And they can kind of go on and you see this also with top artists it doesn't, it doesn't take much sort of top line analysis. And we were talking about the total art market on the the, the crypto art. Crypto art.io, like go and look, and then as you go through, you'll realize, what do you. [00:12:52] You have people, you have POC, you have X copy, free Ross. You have basically men, men, men, men, men, for all the top pieces inside of here for, for individual orders. There are in a, we've chatted out to a few, a lot of female ed projects, the largest being a world of women that are really risen up and sort of held the rise. [00:13:16] And I had a recently the galaxy world of women galaxy drop that Andrew, I think you bought into right. [00:13:21] Yeah, I did buy some of those. And I looked at that as an opportunity to get into what I, what I sort of considered and what a lot of considers, one of the premier women led projects, as I mentioned earlier it was an opportunity that the, to expand there their whole, their group, much like a board apes did with mute names and other projects have done in the past. [00:13:43] So they're growing that and it's still a, it's not one that we can put in our affordable list. It's much more affordable than their other projects, but I think those are still about a 1.2 floor. So I think there's, there's a lot. Good things going on with that project. But I think some of that will flow over to other similar projects like this, like the women rise project in another excuse me. [00:14:06] Other projects. [00:14:07] Yeah. I mean, like just sort of continuing down continuing down that list…

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    How big is the NFT Market? | Project: Illuvium Apr 18, 2022
    Show notes

    Less than 500k monthly active users on OpenSeaInstagram - 545 million, Discord, 121 million, Candy Crush 119 million, per Most Popular Apps (2022) One big driver for NFT growth will be Coinbase’s new NFT platform, they currently have 3.7 Million users on the waiting list. Value of all digital art estimated at $2.8 billionAll art (mostly physical art) volume last year: $65 billion CryptoArt.io , All Art Sales Over 4 million on waitlist for the “coming soon” coinbase marketplace Early-adopter stage Affordable project: Illuvium https://medium.com/illuvium/illuvium-dev-blog-march-2022-c782348b031 NFT NewsUS government connects North Korean hacking group with last month's $600 million Ronin exploit Coinbase Is Creating A Three-Part Bored Ape Yacht Club Film Series Lego x Epic Games Partner To Make The Metaverse Child Friendly NFT News: Under Armour Files Trademarks to Enter the Metaverse - DraftKings Nation Past project updates: The Red Village is running tournaments, Pegaxy just introduced a fascinating burn mechanic \ \ Project: \ Transcript [00:00:00] Today on all about affordable NFTs. How big is the NFT market? The answer 47. No, [00:00:09] that's not exactly. I think the spot on. Yeah. Good to talk to again, George. [00:00:16] Yeah. So we're going to cover some news. We're going to cover some projects. We'll probably remember to do all of those things inside of here, but just to start, we've got little oh, here, the us government connects North Korea hacking group with last month, 600 million Ronan exploit. [00:00:34] As you remember, Ronin is the the currency under lying, the Axiom infinity game along with SLP, which is the earned revenue. There was a problem in there where frankly, they got us for all of their ethos that people were holding. They're going to be made whole because there's a lot of money floating around. [00:00:54] So I don't know if there's anything else on this interesting North Korea. Yeah. [00:00:57] There had been some rumors that it was probably a state actor around the time, just because there was so little information coming out about it. And 600 million is kind of a large number to not, to have a lot more discussion around. [00:01:11] So not too surprising if if you had kind of read some of that, the Lazarus group they'd been known crypto hackers in the past. So. You know, interesting. There's about 450 million tied to one address specifically unclear where the other, I don't know, 150 million or so is all right. Well, anyway, let's see, we've got the next bit of news here. [00:01:35] We've got news of Coinbase NFTs. Cool. It sounds like Coinbase in a P is coming out. Right, George, [00:01:41] stop it. You're you keep teasing me with this and I'm done. I'm done with it. It's never going to happen. Not going to. Never gonna make it. [00:01:49] So they've got a three-part. Film series coming out with the board API club. [00:01:54] They did, they announced this didn't seem to be huge news in the board. Ape world is bigger news in the Coinbase world. Interestingly in quick days, it did slip in there that their NFT marketplace is coming very, very soon. So, you know, they have a different scale than some of us. But you know, maybe that who knows what that means, but they are, they're at least finding a way to put themselves in the conversation with board apes at this point. [00:02:23] Yeah. I mean, they've got the wallet app, which I think is actually much bigger than folks realize because it's tied to the mobile. And it's tied to your ability, frankly, one of the best and easiest on-ramps for turn and Fiat into crypto at, at low costs and low friction. And you know, even knowing what I know, I still use the Coinbase to my private wallet, you know, conveyor belt. [00:02:51] What do you use actually to get your, to get Fiat's or are you just no longer. Moving stuff that way [00:02:58] yet. I haven't done that in awhile. Move Fiat to crypto. Got a, got a good, a good amount of crypto at this point and move around and crypto much more often. But that is a good point though, that, that they do have that wallet. [00:03:13] And they do have a very long pave and see that you've just made a note. They have a very long waiting list for their NFT marketplace and heard it's as big as 4 million people at this point. So you know, they, and the Coinbase NFT marketplace, I believe it will. Some point, you know, it is becoming a running joke around you know, around the NFG world of, because it has been such a long time and especially as fast as things move in in crypto world. [00:03:45] Yeah. Well, I I'm not holding my breath and I'm moving, I'm moving on from, from hopes to sort of make making other other plans. When it comes, hopefully it'll move the market because that's a lot of people that enter into it. Once you get an idea of how big the NFT market is and isn't we'll get into that a little bit more later on in the episode. [00:04:07] Next step, next story we've got here. We've got Lego coming into the metaverse. They've partnered with epic games and they are looking to make a child friendly. Metaverse you know, so I think this will be more in line with I'm not sure if it, it roadblocks or The other one craft Minecraft. [00:04:29] That's actually the one that I'm more familiar with, they know, but there, and I think from what I know, a Minecraft is much more actually kid safe than roadblocks is as a platform. So I'm sure they see that and see an opportunity. They're so interesting that they are getting into this Lego. [00:04:46] Does, you know, it seems like it would work with a lot of the the Minecraft style of building with blocks. They could use. You know, use a Lego like block to, to build in the world and partnering with epic certainly gives them a, a big leg up again, getting started here. [00:05:05] Yeah. Well, we'll see you know, talking about this next generation of just fully normalized to ownership and creation in on online ecosystems. [00:05:16] I actually liked that partnership. I like that. Groups like that, getting together as opposed to saying like, yeah, let's trust mark Zuckerberg with our, with our kids in the metaverse, which is not the first line I'd maybe go for and in, in my bed. [00:05:30] Yeah, absolutely. You know, I do think that like has has a good reputation and we'll work to uphold that you know, with a metaverse that is actually safe for kids. [00:05:43] Yeah. I mean, in epic games, obviously that's the creator behind 14. Which, you know, say what you will like it's guns and whatnot, but they have really brought the multiplayer battle Royales to the foreground. And also I respect the heck out of that massive donation in aid to Ukraine the other month, like totally, I think it was over 80 million. [00:06:02] So hats off and respect. They know how to manage youth in an ecosystem on. [00:06:08] Absolutely. All right. One more news item here. We've got another company entering the metaverse and other, a fashion apparel company under armor. This time I, a gear I'd say, but a Nike Adidas. And now under armor, all very active or sorry, Nike. [00:06:28] Adidas are already very active in NFTs and the metaverse and now we're seeing under armor also getting into the space. So, you know, as we've been saying, you know, I think this is just going to become, every company has some sort of metaverse play at some point and it won't be such news, but you know, at this point we're still, you know, I think it is still somewhat headline grabbing when when these companies do make plans [00:06:51] yeah. [00:06:52] In this Tweet. And here the Nike recently now 6.7 million Robox roadblocks players had visited the virtual Nike land store talking about attention. And you're talking about attention in these digital ecosystems. So brands are definitely waking up cause they realize where the next generation of consumers are spending time and might be making. [00:07:15] All right. Well, let's move on to our affordable project. George, you've got another one for us today. And what do you have? [00:07:23] So for change, it's not soccer. How about that? [00:07:28] Well, wait, so it's gotta be a stable, stable base game, right? [00:07:33] Kind of, but no, not even as the Lindsay's. I've been watching and you've probably heard this before. [00:07:39] Alluvium for, for awhile. It's kinda like then in, you know, I got a lot of stuff on the site in the side view Ramir but essentially, you know, I can dedicate like many, many hours to the lore of what's being built around Eluvia, but they have technically not launched as a full game. They are going to be a think of it as what the next. [00:08:00] Brand of Pokemon will be in the metaverse and that's most exciting implementation. And they've got a tremendous discord. Right now they don't have anything in the NFTE land that frankly I would be getting into, but they do have a token and it's that sort of dangerous game of token defense. The the game, but you know, right now, just looking at the overall just size internally, they've got I believe something like, you know, 42,000 folks on YouTube, 290,000 on Twitter, and then what they called survivors 190, 4,000 in there. [00:08:42] So they've been under development for a while now, the sort of reason I'm bringing it up now they've got Eluvia island, V I L V. Total. And, you know, you, you can look at the price and move around, but I think the play right now is to potentially look at getting in at whatever your size is for some of that Eluvia token. [00:09:02] Cause they have just launched they're staking V2. And so they're staking V2. Earn yield on that, but also sort of, kind of be ready once. Once the play starts watching and they've got a, a game launcher that's going to come, it's gonna be a desktop downloader, and they've got some amazing graphics and art here. [00:09:22] They have a fully doxed team. And they've just, they've been building for a very long time. Look the risks of this, as I've said before, like, you know, when game and you're sort of play this game of like waiting and. But I'll tell you a good time to get in. It's like a team that can execute and finally does launch will, and they do sort of hit part of this, like be able to capitalize on a community, ready to go and look, there's going to be the next Pokemon, the next branded, catch them, breed them, interact in this multi game world. [00:09:55] They've got all of the game dynamics really planned out and it's. There's going to be a winner. I don't know if it's this one or not, but it's something that I'm kind of watching the side. What do you see about alluvium from, from where? See. [00:10:07] So I've heard this one talked about a lot and you know, I think he gets, I don't know if it's getting a lot of attention, but it's certainly getting mentioned in a lot of NFT circles looking they're looking ahead to what's coming. [00:10:21] I, like you said, there's not a ton there for NFTs at this point. So it is kind of playing on the future. That being said, I think it is somewhat overlooked at this point. And you know, if they are able to. You know, to, to make this work, even if it's, you know, I think you have to be, you have to be wary that any of these games are going to run into the same problems as, as we've seen over and over that, they're going to go through a, a good cycle and then maybe run into problems. [00:10:50] But I think. If you're aware of that cycle, there is an opportunity here. You know, it would be, I would, if the price does increase by a lot, I would definitely look to maybe at least a move you know, move the original investment out and, you know, then if you are looking to hold long-term you know, that would be the way that. [00:11:13] Would look to play this kind of one. [00:11:16] Yeah. And they've got some tremendous marketing goals, such as like Guinness book record for largest pot for a game played, but they've got the sign up for the auto Bandler private beta right now. But there's sort of testing and getting an idea of what's going on. [00:11:31] So it may be a period of time where the price is low interest is kind of at a, at a point that might make sense to test it out and take a look to see if this might. Something that that takes hold, but obviously, yeah, like there's nothing better than playing with the house's money kind of building on that. [00:11:48] I had some other updates that I wanted to throw out there of past projects. One, the red village, they are running active tournaments and I have been playing in them. I've been winning with some of them. I've got a nice guy. He's got like a 50% win rate. He's a little drunk. It was an R for my R one is not performing very well. [00:12:07] Mary wind Claus, just saying interesting. I don't know. She's she's just not achieving like, like prior, so I got a Druid doing it and it's actually, you know, it's, I'm, I'm, I'm really excited for them because I feel like I've watched their sort of story unfold for a number of months. But it's, it's That's actually working. [00:12:24] It's actually fun. The other one is Pegasi back to stables. He knew I was going to, I didn't talk about soccer stables. So here we go. I guess they have a super fascinating burn mechanics. So this has been the wildest ride. I think I've ever been on for. Peak value and then peak crash. Like it was so aggressive because of the, [00:12:49] and you own dose. [00:12:51] So I think that's really saying something [00:12:53] I've written some waves I've written. Yeah. And I owned a fish. So that's thanks for disclosing. That's great. Sorry, [00:13:02] is that a, was that not? [00:13:03] I at least I at least took my initial. I follow my own rule. Take the initial investment outside. I did something smart there, but there's a different universe where I made a lot more money, but I still believe in dovish. [00:13:14] I'm a. Anyway what happened with Pegasi is they sort of ran up in the price for the, the base currency and then which is called biz. If you want to track it and you can kind of look at a story and it was like crash. So it was up at like 25 cents. And then I was like down at like 0.04 cents. [00:13:34] So pretty, pretty epic bottom falling out, which is just the nature of play to earn games that expand and breeding. Right? If the breeding is increased, you can see it every single time that effectively there's no other side of the market and re reason to keep it. What they have done is reasonably rollout and they did this on April 14th. [00:13:53] So it's been a little while. So it'd be interesting to take a look at where the market is, have created a burn mechanic for general Pega. So the base peg is. The Pacers that you have to burn to and admins to get a epic and to get a rare, to get a legendary. So they have this sort of, you have to burn more, to get more into a higher tier. [00:14:12] That'll let you earn more. So they've actually sort of rearchitected the whole way that the token will be earned and it sort of is going to neutralize this like massive breeding problem that happened where the proliferation of. Very low tier horse. Peggy's got introduced into the market, so I'm optimistic and it might be interesting if you kind of heard me talking about i…

    Full show notes at the publisher

    What’s in your NFT Wallet? | Project: Footium Apr 15, 2022
    Show notes

    Screenshot of Jack Dorsey’s first tweet sold for $2.7 million a year ago, now top bid of $300. No official ownership, not created/endorsed by creator of content Sotheby’s new auction is minting old digital works as new NFTs Crypto Art vs NFT Collections Open editions Affordable project: https://opensea.io/activity/footium-football-clubs NFT NewsMoonbirds is coming and it will take a lot of liquidity - https://moonbirds.xyz/ Meta plans to take a nearly 50% cut on virtual asset sales in its metaverse Sotheby's Is Launching Another Digital Art Auction, This Time on the Art Before NFTs 'Jack Dorsey's First Tweet' NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280 Transcript [00:00:00] Today on all about affordable NFTs. We're talking about, know what you own. That's right. Keep an eye on what's in your wallet. Not brought to you by capital one, but knowing what's in your wallet, we'll, we'll have some fun stories on that one in our theme, but first, Andrew, how's it going? [00:00:17] Oh, well, George, how's it going? [00:00:19] Good to good talks. Men of T's today. [00:00:22] Yeah, it's been minutes. It's been minutes. I was really excited. We had our largest single download day of, I think we beat like 80 80 downloads in one day, which is a. Awesome. [00:00:32] Cool. Thank you to our listeners. And downloaders whether you're a listening or not, but we appreciate it. [00:00:37] Yeah, definitely. Of course leave review so more people can find us and we're, we're always chatting in the discourse. So honestly, like we record these in batches. We're talking about it right now in the discord of like what's coming up and sharing more nuance on like all of the products. Usually, and actually have so far only shared outside projects from people that bring it in on the discord. [00:00:59] So people have emailed us and we have not really followed up that much on bringing in random projects. But if you were in the discord and you're helping us kind of parse out projects and have conversation that's where it's gone on. And that's three a and F t.com. All right. NFT news. I'm really excited. [00:01:17] I'll just say about the upcoming moon birds drop and it is [00:01:24] in the [00:01:24] you're in the ecosystem. You know, that this thing's coming like a hurricane. You know, we could Def we're not gonna get. A whole episode to this at all, but I'm excited because it's a coming off of Kevin arose his work and it's, you know, it's going to be a pretty large project. [00:01:41] The thing to take away is that it's going to suck up a lot of liquidity based on the 2.5 E starting point that it's going to be minting at. So this is not an affordable project at all. And I may have to break my rule number one of this year already in Q2 of not buying a thing over one eighth, but we'll see. [00:01:58] Any, any top lines on them? Birds. [00:02:00] Yeah, I think you're right. That it will suck up a lot of eat. There's still like, Just chatter about it around NFT, Twitter, around discord there, the, the proof team Ryan Carson and Kevin Rose are hitting all the major NFT podcasts except for this one. But that's just because we don't have we don't have guests quite yet, but they did reach out. [00:02:22] I believe [00:02:22] part of this card, we didn't let him [00:02:25] yeah, that's right. You know? No, but I think it really, it, it is, it is going to happen. Impact on the market. You know, initially they were going to do a Dutch auction starting at 2.5 and then realized that if they did that, it was just going to be a gas war because everybody was going to be willing to spend that 2.5 and then some, so they do have a raffle now. [00:02:43] You know, it is a question of, we don't have. What that four ends up at, in the secondary market. So I think there will be a lot of people that don't win the raffle in are still getting eith ready for secondary. So you know, it'll, it'll certainly have an impact. They'll be some people flipping, but then there'll certainly be people looking to hold that one. [00:03:00] The proof pod or the proof I'm sorry. The proof NFT collection now is a form of around 90 Eve. So that is. You know, I think that gives some indication of the ease that is kind of being set aside for this upcoming project and the interest that is in this one. So definitely one to watch. And like he said, not, not affordable, but you know, certainly if you do have some extra ether around, it may be worth taking a look at [00:03:29] yeah. [00:03:30] This is not financial advice. But also I wonder how much of that is touching on looking at the past seven days, the past week and NFT overall sale volume is down like 45%, which is, you know, kind of, kind of a lot. Certainly, yeah, I think they've read, you know, we've certainly seen, I mean, volumes way up from, from March for the most part, but we S we saw kind of. [00:03:55] Pick up significantly and then it's plateaued a bit more recently. And I think there is some sort of anticipation of that new project from you know, this guy. [00:04:04] I remember, there's just not that many people playing this game and they have a finite amount. Right. It's one thing to say like, oh, you know, a couple of people buying into ether, Bitcoin, obviously like there's no. [00:04:15] No project, that's going to move the needle on that, but in the land of NFTs where you're just talking about like top holders and there's a finite amount of eith being allocated in MTM. Yeah, a new project. Like this can easily vacuum off looking [00:04:29] at it. You would never say this, like you would never say, well, there's an IPO coming out. [00:04:34] So that's why the, that's why the price of Amazon and apple has come down or that people aren't even trading anymore because of some companies going to IPO soon. I mean, but it's a very different stage that we're in. And I'm not saying that this is stocks or anything like that, but. One project can really have a significant impact and it's you know, pretty easy to see here. [00:04:55] Yeah. Well, I'm sure we'll have funny stories of what the heck happened next week on that. We have Metta planet and take nearly a 50% cut on all virtual asset sales in the metaverse. So it took them all. A month to really switch on the revenue on a thing that doesn't even exist. And sort of saying anything sold there. [00:05:18] I'm surprised [00:05:19] by this one, honestly, because I had to listen to a podcast recently with a Zuckerberg. He was on Tim Ferriss' podcasts and seem to seem to have a pretty I don't know, spoke about the metamours in a way that was very inter-operable seemed to understand that part of it, but this this doesn't seem. [00:05:36] The show a very good grasp of what it takes to succeed in web three. And it's not just taking it all for the corporation. You know, we'll see how well this plays out. I'd say this is actually good for web three native companies though, because they have a significant advantage by not charging that fee. [00:05:53] Absolutely. You want to talk about an advantage that it comes from when you're talking about being a sort of walled garden versus open source, letting people play in your backup. There is a big advantage to having frankly developer friendly fees and rates and not exorbitant and user's levels. And they're, you know, trying to command over apple premiums for the app store, which are you blue, like has problems, but is fair in the respect that like they have a thriving ecosystem and can promote it as opposed to day one. [00:06:26] Gabe. Charging that much. And you're like, I'll tell you one thing. I think there are enough developers in and companies and founders out there that have been rubbed by Facebook's changes over the years. And I can, I can count the tails cause I am one of them because of things they've chosen to change underneath your footing. [00:06:45] So at least they're being upfront about it and about that. And they're like, we're not going to rug you. We're going to show you that. [00:06:51] Yeah, well, that's made me have to come up with a new term for this and you know, something. Yeah, [00:06:58] I don't, yeah, we'll come up with something clever. All right. Sotheby's launching another digital art auction. [00:07:03] What is this thing? [00:07:05] So they've got another, they've got their metaverse platform and they do their options. This is their newest one. And this time they're going to be optional. Digital art that was created before the introduction of NFTs. So we've seen this in the past. I'm always somewhat skeptical of this because it's not it's, it wasn't necessarily created with the intent of being an NFT, but it is trying to create some sort of record of these digital, these digital works that really had no way of being tracked before, you know, if they were really. [00:07:37] Copied and still can be copied, you know, so I'm curious to see how this goes. But it isn't necessarily what we're looking at. Normally we think of crypto art and art that's generated just for the blockchain. [00:07:50] So it's this kind of, it looks like validating body in some senses of saying like, what is the official Canon of this artist and the same way that they do that in the real art world being like, actually, no, that's not a Picasso that's, you know, the cost can and it's a fake. [00:08:08] So absolutely. It's kind of an interesting role that they could play in a, in a valuable niche. I think long-term. [00:08:14] All right next. We've got this this big auction here. Let's see. We've got he. First tweet from Jack Dorsey was sold for let's see, 1.8 million or so a year ago. It was, it went on sale listed for 48 million with the owner promising to donate 50% of the proceeds to a nonprofit. [00:08:36] I'm not sure why he was announcing that upfront and sort of, I guess, harder already inflating the price by a hundred percent for the buyer, but it didn't really matter because the top bid came in at just under $300. So from two point or 1.8 million to [00:08:53] 3.99, I'm sorry, 2.9 million actually. Okay. But like, yeah, that's tough. [00:09:02] You know, I think, I think he actually had like a, a big gut up to maybe 3000. But yeah, I mean, we'll get that in the know what you own, but you know, buying a piece of history is this buying the piece of history or was it, I don't know if it, if you could say it is it [00:09:18] was as a reminder, there's no market, you know, you need somebody on the other side of that market. [00:09:22] Yeah. And I, you know, if it's not endorsed by the creator, the platform, I'm not sure that it has much I don't know that there's much official to it anyway, but you know, if not much of a market right now, certainly. So I don't think that he'll be selling it to any, so [00:09:40] it's a dumb, it was a real, I actually like maybe he was trying to sell it on the, like a news of Ilan by. [00:09:46] You know, shares a Twitter at giant Ilan size bites. I heard he put it off for, and for the whole freaking thing recently. [00:09:52] Yeah. Yeah. That is that's interesting by the time this comes out, who knows that you could either own 0% or a hundred percent sounds like he's willing to go either way. So, [00:10:02] yeah. So there's that, so maybe that was like, maybe I'll play on this news and he thought he could get a premium on it, but you know, kind of embarrassing and it's also so much different than the. [00:10:13] Would it be the Sotheby's Christy, whatever, to be worlds where they can be done in private. Oh, we didn't get enough options. I mean, men floor, like this is all out in public. And so like news outlets just, you know, are hungry for the, like throw it in your face type a you fool in [00:10:27] FTE colors. [00:10:28] And also they get attacked Twitter. [00:10:30] That was I not, not, not, not, not just everything that was. [00:10:33] It's such an example of, of, you know, a bubble has burst kind of thing for mainstream media. And, you know, if you look at the wrong things or look at, you know, the things that you want to, you can always find that story. But, you know, as we know, there's plenty of thriving projects and that I would never have we would never have recommended in our affordable projects anyway. [00:10:54] So pardon? Imagine Y Y. Which you have decided to purchase that, but you know, we'll see what happens. He'll they'll maybe a flip that for good point bunny at some point or a [00:11:06] wonderful tax write-off for sure. Yes. Okay. Should we go to an affordable price? [00:11:12] Yeah. What have you got for us? It looks like you're continuing with your theme and you've moved beyond the stable games and you're into the football soccer games. [00:11:21] What do you, what do you have for storage? [00:11:23] Okay. So I do have to give a shout out to a, sort of a small, awesome Zed podcast, a Zed Zed run insights, where I heard a feature on foot diem. So this is footage. Foot I U m.club, footy, m.club. And it's essentially own manage when web three football management. So it's, you know, building on sort of games that have already been out there in the past where you kind of like can build your team and compete and try to move up in divisions and you know, try not to get relegated. [00:11:58] And in part of this, the, the play here is that you're getting this football club included in it is the. Sort of the, the name and the design of it, but also players and a stadium. And you're able to sort of move up in divisions, starting at the lowest of eight. So right now the floor, just to give you an idea of recording, this is 0.2, 4.24 Eve, and that'll get you a, like a division eight. [00:12:27] Now, technically what happens is you're going to get players each season there's going to be new minted players into that. So you can kind of develop. You'll play against other teams and try to optimize for different strategies. And you're essentially, if you're, you're getting into this, you're saying like, all right, either one, you're just trying to flip a club that you find and say like, okay, this year is just going to be all about soccer because the world cup is coming and, you know, there may be a whole new rise and interest there. [00:12:57] So maybe it's a Holden flip on the club or get into it and try to say like, all right, can I, can I try to play this game and move? My division eight team up to a division seven or division six, because that is one of the biggest differentiators on, on price. It's kind of funny. Also these football clubs have what they call lore associated with it. [00:13:17] And so there's like these full narratives. For example, I'm looking at, you know, something on the floor right now, the wild Stanley FC is a professional football club based in wild. And then you get Fun things like the fans tend to be overly wild or don't cheer very much. And you're like, what? [00:13:35] The random, so there they're trying to build in some narrative to it. The, you said they got a little bit of funding, correct. Over at footie and recently. [00:13:42] Yeah, they raised, let's see, it looks like they raised about 3.3 million at the end of March. Includi…

    Full show notes at the publisher

    Affordable Project: Ash Chapter Two: Metamorphosis Apr 12, 2022
    Show notes

    Right to the affordable project!

    Ash Chapter Two: Metamorphosis - Collection | OpenSea

    Disclosure that we have bought into this project since recording. Early news always shared on our discord: https://discord.gg/fw3nRKDF

    Transcription

    [00:00:00] Today on all about affordable NFTs, we have an affordable project. What is this? A limited edition episode? Well, here's the deal? Well, let's just be honest. Sometimes we get so excited about the news and the theme, and we've talked so much that we decided to just pull out this awesome project that you found for us.

    [00:00:19] The Ash chapter two metamorphosis. It's just very exciting. All right, let's get.

    [00:00:24] Andrew, what do you have for us? The Ash chapter two.

    [00:00:27] Metamorphosis. Yeah. Yeah. We were discussing this a little bit in the discord. There were a few other people in there as well. The listeners, I assume discussing this one.

    [00:00:37] So this is an Ash Ash chapter two from, so it's a collaboration between. Artists APOC Paak pack pack. And he always a struggle with how to say that I was in a number of other artists. Ones that we've mentioned here include coldy DK motion is make some really cool pieces. Those are at a much higher floor.

    [00:01:00] Let's see, Sarah, the Sarah show is a one that was in an early Sotheby's auction. There's a. Quite a few other well-known artists in here. Sarah Zucker is actually the name. She goes by BRAF, Rossetti, mad dog Jones. A lot of well-known artists motion and still artists. I fell. I think these are all motion pieces.

    [00:01:22] So the floor right now is at 0.27. And like I said, there's a number of different artists. So there's the, the floor is quite different for various artists. The artists that I just mentioned. Sarah, as a Ducker has actually some pieces right around the floor. Very in her style, she does a lot with kind of like retro video and kind of glitch art

    [00:01:45] that she does is that

    [00:01:46] she, I believe she actually.

    [00:01:48] I wouldn't call it glitch sharp. She does. She uses kind of an old recording equipment, old like VHS and recording equipment to make a lot of her pieces of this looks a little bit less looks more uniform than that. I actually wanted to get . Analog press it's video, digital animation, video feedback, and analog processing on VHS.

    [00:02:08] So in a lot of her works, you'll, she'll actually show her with like old CRT styles monitors on recording this stuff. You know, I think she's got a pretty cool process interesting here that someone actually has a, an offer just slightly below the, the floor. So see, there is interest in this piece and pocket.

    [00:02:28] Is isn't going to leave the, the the space anytime soon. Actually has another dropout right now that uses let's say an earlier nifty piece to make new NFTs and has done a lot of just creative uses of the blockchain and NFTs. So I think that this is one that will be. It won't be forgotten about.

    [00:02:51] And like I said, there's a lot of, a lot of cool artists in here. It's amazing. I don't understand this at all. How did all these folks get roped together? I mean, pulled together to do this collection and what is,

    [00:03:01] yeah, it's good question. You know, I hadn't heard much about it. And I was a little bit surprised just because I feel like I often get word of some, at least holding things from there, from the discord there.

    [00:03:11] Although I have, haven't been quite as active on that one recently, but You know, so he's got some pieces there. Those are a little bit higher for the last I looked at around 0.6. Nope, Nope, Nope. Down to 0.4, but I've been waiting on those one. I've had my, I have a big Colby collector and I feel like I may need to, to add this one to my collection.

    [00:03:32] It's pretty cool piece, very much in his style of using video to kind of zoom in and out of a piece, but kind of travel through the piece a bit. It says life is hard. Although I should note that most of the artists have two versions of their pieces, one being the more common version and one, a more rare piece.

    [00:03:53] You know, take a look at that when you're looking at, you know, if you are looking at these, you know, in case in case a holder, doesn't quite realize what they have. I have seen some people miss. Some assets maybe just not quite realizing that they have the more rare version. So take a look at these.

    [00:04:11] They're not flying right now, but there's definitely interest the floor has moved, or I should say the floor, the, the volume has been pretty, has been fairly significant and a lot of pieces have been snatched up. But you've got. That'll look through these a bit, figure out which artists you're interested in and kind of look at the various floors at, for those artists.

    [00:04:31] You know, like I said, it's about 0.2, seven floor right now, overall for the collection. And there's a couple at that price. Like I said Sarah Ducker's down, there is one that sticks out to me. And I'm sure there's some others there as well. So who, who

    [00:04:45] curated that, who curated

    [00:04:46] these artists? I assume that it was pock pack again.

    [00:04:50] Sorry, I don't know which way to say that whoever is behind that. And I, you know, I don't know if that's a team or a single person. It is a, you know, that is an anonymous artists. I assume that they, they reached out and actually worked with all of these artists to put this together, but it's an impressive list.

    [00:05:07] Let's see. There's 30 different, the who's

    [00:05:09] who of like collections that I like artists that I've been trying to like add. Slowly over time. And it's so hard to find individual artists across so many platforms now and buried in and hidden in a lot of these collections. This is really exciting here.

    [00:05:25] Here's like an activity go to this project. The, the Ash chapter two metamorphosis go through the artists and just research them because each one has gotten. Sorry, I'm going to withhold my current statement. Just say everyone, except for no offense, Paris Hilton, which I put a pause on. There's a lot of who's who in like a really great artists in terms of the narrative of old-school and FTE art with a capital a and this, this,

    [00:05:51] yeah.

    [00:05:52] And I think it's really great to, it's a really great representation of. I mean of a huge array of artists and it's the pieces are so their style. I mean, it's pretty obvious some of these, they just stick out to me as being that artist and definitely learning some new ones here, but the ones that I know, I mean, they've done great pieces just because it's a, a collaboration or a, a collective collection here definitely doesn't mean that these artists have given less effort.

    [00:06:20] Really cool pieces. I like the art here, I think gets I think that they, there is a good possibility that or a good light say possibly it's very likely that the artists are going to stick around and be interested in the collection. Won't be just forgotten about over time.

    [00:06:36] I definitely agree with that.

    [00:06:38] Cause guess what happens in the next collection somewhere? And then over time, there's going to be, I have to believe right when we get more cross chain and more ability, there's going to be better ways of looking at an artist's sort of work as a overall collection together and being pieced together.

    [00:06:55] And how those are, how those are curious. Then, you know, you get into that sort of 10 year horizon of saying like, all right, where, where do you see things going? And that's another narrative that I've picked up from you. Definitely. It was like, don't forget the capital capital, a art. Thanks. This is epic.

    [00:07:11] Full disclosure. Do you own any of these

    [00:07:13] yet? I do not own any of this yet. You know, some of these moved quickly while I was traveling, I kept looking at them and kept seeing the pieces I wanted to do for gone, but going to have to go back through, I think it looks like a. Some prices are coming back down a little now.

    [00:07:27] So I'm going to keep my eye out and maybe put some bids in. I mean, this is the

    [00:07:32] big, biggest difference between like, Hey, we've got a plan game coming and here's my PFP. Like this is just not that. And it tends to be like a little counter cyclical. And when money gets sucked out into these other products, You see, like a lot of actual art dropping and frankly, I, I own some and you own a lot, and I've watched some of those numbers being like, okay, I don't get it.

    [00:07:55] This is like, you know, a hackathon piece or, you know, this is a Colby piece. I don't understand why. I mean, like, I don't really care. I'm holding it for awhile. I mean,

    [00:08:03] Yeah, we'll see what happens. But I do think there's artists have been getting a lot of attention recently with some of these drops being a park.

    [00:08:12] So few, a few OSHA's has had a big drop. We saw copy. You've got a couple of those. Yeah. You got a couple of those. It's interesting. The price has come down quite a bit. 1.7

    [00:08:24] and came right back down. It's that mint like you can

    [00:08:27] get in on it. Yeah. Yeah. So th that is interesting. I'm sure that there's going to be opportunities there.

    [00:08:32] And that is one, I don't know. I like seeing the artists are doing some of these these other projects, and I like that because like you said, they stick around if people that have proven they just going to drop a project and leave and, you know, I think there's also a possibility that these could be used for future drops in some way.

    [00:08:49] Oh, interesting. I mean, it's chapter two. What was chapter one? Was there

    [00:08:53] a chapter. There was carbon, I believe was the

    [00:08:58] name of it.

    [00:08:59] Chapter one was quite carbon. So yes, I don't know a lot about that one. Actually. It was. I believe it gave you access to this drop early. And I don't know if that actually made other ones, the other drop that he has outright now. Mass, I believe it is it's. I started. The mechanics of that one. And that's, that's interesting, it's based on the earlier crop, but then you put these together based on the number that you have at the end of Mensa, new NFP.

    [00:09:30] So a lot of interesting things going on with what he's doing there. And, you know, I, I, like I said, I don't know that these will be used in a future one or not, but I do know that he's come back to, he, she. The artist's bay, they will go to the kid like puck, puck pack, canning sticks. All right, you're going to, you're going to say, I'm going to help So back to our, to the projects.

    [00:09:53] So I th I think they're cool pieces. Go check it out. We'll have a look in the notes.

    [00:09:57] Just, I mean, I looked up the Ash chapter one carbon, so the current one is Metamora chapter twos, metamorphosis, and like Ash chapter one, carbon four is sitting at 2.5, a lot less sort of diversity of artists, for sure.

    [00:10:11] So I think the, the next one really let a lot of. Uh, Folks into it and then the activity on that you know, pretty, pretty steady I'd say. Yeah. And that came out you know, call it late January. Thanks. Very cool project.


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