FOMO HOUR: A Daily Crypto & Web3 News Show

Latest Episodes:

What is Planet X? Jul 05, 2023

Show notes

Market is back open after being closed for July 4th yesterday, and things are unchanged for the most part. Oil prices are rising a little bit, likely on the back of the Ukrainian power plant news.

Crypto had a pullback over night with Bitcoin dropping back below $31,000. OSF points out that the chartists were incorrect again, and we didn't see the expected rally after breaking that level. Be wary of the chart and those who live and trade by them.

Mando imagines that we could be locked in these price ranges for a while; It's still very possible and likely that we see ETH hit 2k, but it might not be in the immediate future.

It looks like there was a bit of a bounce in NFTs in a few collections. The power of Machi continues to threaten collections and his positions have achieved a legendary status in the community for better or for worse. Azuki has managed to bounce and hold the current levels, even the Beanz are looking greener (no pun intended).

What do you see as more valuable, the ETH or the NFT? This kind of market makes it difficult to choose and some assets may have a higher return on investment via ETH during this rough climate. Short term buys are not looking appetizing.

A lost Robbie just recently sold for a healthy amount; However, the last one from this collection sold for a significant amount more. This stirred up the timeline amongst artists and critics alike. Sales for all artists have been in a downward trend, and sales for something that many don't find appealing and moreso a piece that was generated via code has some artists in their feels.

Planet X

We were joined by James from @play_planetx which has been 3 years in the making and started out as a web2 game. He said his first space he tuned in to in web3 was an @alienfrens space, you love to see it 🖖. During the development of the game he saw the advantages and potential of building using the blockchain. His experience with Fortnite and digital ownership just made things click.

Planet X is already a complete game as opposed to the typical "web3 gaming" mint-to-build model that hasn't really seen success as of yet.

He wanted a game that has intense competition like winning a Battle Royale in Fortnite but offers real world rewards with a global treasure hunt that happens every single day. People join the map at a set time with "x" amount of treasure chests. If you find a treasure chest with something like a pair of Jordans, you win it instantly, but with one caveat; You have to take your prize to the extraction point during which time any other player can take your chest if they encounter and battle you.

If you own an X droid you are eligible to compete in extreme hunts. The X droids are the actual NFT that will be mintable assets on launch. If the Mint goes as planned, there will be a Tesla up for grabs, yes that Tesla.

GM!

Hosted on Acast. See acast.com/privacy for more information.

https://linktr.ee/rugradio

is the PFP meta dead? Jul 04, 2023

Show notes

It’s been looking rather rosey in traditional markets. Friday markets closed higher on both the Nasdaq and S&P, and today things are unchanged but nothing is expected as tomorrow is the 4th of July, a national holiday in the US.

Friday is the US payrolls number, so watch out for that as the reports have come in above expectations previously.

Crypto is doing well with Bitcoin sitting around $31,000 and ETH sitting in the $1,900 range.

Coinbase stock is up 28% on the week. BlackRock's ETF filling is set to be a success with the big news being they have named Coinbase as their exchange of choice to do business; they still have yet to refile, while Fidelity has already restarted the process.

The sentiment around NFTs is not great. As soon as ETH broke through $1,900, it seemed to spark optimism about it continuing to rally causing people to liquidate their assets in favor of greater returns, along with the perceived failure mints and reveals. Bored apes are now trading around 28-27 ETH with Mutants down in the 5-7 ETH range. Collections that were seemingly outperforming over the past week have just gotten hammered, and to add to the fire, Elon limited the amount of tweets we could read on our favorite platform.

A major issue with the current PFP meta is with projects trying to duplicate what Bored Ape Yacht Club has done to achieve the success they have up to this point, when we have clearly seen this fail time and time again. The original strategy of working with the first generation being supported by companions, V2, a coin, 3 airdrops and a cheap hoodie is just simply not working.

STUBS

We were joined by this week's stubs artist, the duo of @EM1T and @Raskalov who do urban exploration and climbing to sickening heights across the entire globe. Raskalov grew up in Ukraine exploring, climbing local trees, and anything else he encountered. The duo climbed the Giza pyramids, a 2100 ft tower in Shanghai, the highest heights in NY, and the Christ the Redeemer statue in Rio de Janeiro.

Em1t has gone against the grain since his youth, and being rebellious through art offers him the rush of climbing new heights while also offering something valuable to people. Em1t describes that his introduction to NFTs was through @SuperchiefNFT gallery where he made physical pieces and was advised to hop into the rabbit hole we all call home. Shoutout to ED!

GM!

Hosted on Acast. See acast.com/privacy for more information.

https://linktr.ee/rugradio

HV-MTL forge, Whats Next for Yuga? Jun 29, 2023

Show notes

Traditional markets and equities haven't seen a major move either with the Nasdaq down slightly. Interest rates had a pretty big move after Powell spoke yesterday alluding to further rate hikes this year. This is opposite of what people were expecting, with the last bit of shared info pointing to a pause on hikes.

Crypto is rallying today after the lull yesterday. BTC is at $31.5k and ETH is at $1830. The general consensus is if Bitcoin breaks past 31k there will be a rally up, but it's all speculation. This is NFA!

The ETH/BTC pair is at 12 month lows. The stage seems to agree that Proto-danksharding will save us (not really but it's fun to say and type).

Latest updates from the SEC rampage is pointing to a good outcome for crypto as a whole. It seems that it might not even be up to the SEC to make certain decisions and we could see some light on the horizon yet.

There is also news of FTX attempting a revival, which has ruffled some feathers to say the least. There are some major investors trying to buy back into the bane of the crypto space which is surprising to most.

NFTs are still having a bit of fallout after the Azuki Elementals mint. The floor price on the new collection has stayed basically the same, for both revealed and unrevealed beans, although some of the rare ones have fetched a proper price. @ZAGABOND is supposed to speak tonight in a holders-only setting, which is causing some speculation. If he has something positive to share or hint at, we could see some good price action as a result. There is still the unknown influence of the green beans on the entire ecosystem as well.

BoDoggos

We were joined by @EasyEatsBodega who recently dropped the @BoDoggosNFT on Solana. The doggos went through a complete revamp of the art leading up to the launch before landing on the beloved canine jpegs we have now. You can bet that Easy has big plans for this collection! They have already hit 87k SOL in volume.

You can expect to see more rollouts on the Bodoggos page, more comics, some animations etc. Content, product, community are the 3 focal points for the team.

Yuga

@yugalabs launched a trailer on HV-MTL and the Forge. There is also a big explainer video out, showing some exclusive features based on what sets you hold, as well as some sort of cleaning mechanism, Dyor. The game is powered by Apecoin, so it seems logical that in game purchases will be made using the token. There are 6 different stages of the HV-MTL mechs, so we have no idea what their final forms will look like.

Hosted on Acast. See acast.com/privacy for more information.

https://linktr.ee/rugradio

What Happens to Azuki now? Jun 28, 2023

Show notes

Strong day in macro which supported the move up for traditional markets. Some talk of a ban on crypto in china has led to some false news and misplaced FUD. Saylor is buying bitcoin again, and has bought $350 million worth of bitcoin over the past 3 months as an ongoing buyer of bitcoin year over year. This recent acquisition in the given time period is the equivalent of buying 200 Bitcoin per day! The rumor making the timeline is that he pushed Bitcoin to 31k, but it just isn't possible given the insane daily volume even though he is buying a small islands worth daily.

The NFT space is going bonkers after the @Azuki reveal yesterday. It is unclear how they will be able to bounce back from this, and the only lingering hope is these green beans that nobody has any solid information about…but the contract points to some burn mechanism. Apparently a green bean loading was announced back in December, and isn’t something new.

We had @gmoneyNFT on who states that an L for Azuki is an L for all of us. If you are doing a drop to expand the community, selling to only the existing community is not ideal. The apology from the team was odd as well, since it seemed to point to more beans instead of resolving the current issue.

@batzdu put a tweet out about Azuki basically being finished, which is really tough to read from a respected figure like batz.

@osf_rekt thinks they have taken a massive hit and speculates that they may have rushed this mint. They have successfully raised money and built a war chest, despite just fluffing the community with another 10k duplicates.

There is a community warning about the Green Beans since they have not been officially confirmed by the team. It might be best to not interact until there is some clarity, stay safe!

The anime is the biggest hope at this point, they have confirmed it is in the works so it will be interesting. The downside is that might take even more than the 40 mil they just raised to create a full on series of the highest quality.

@steezysloth points to the strategic aspect of the launch. The intent was to get new people into the garden but there was never a viable path for new entrants with the mint. He also sees an issue with the liquidity pull; one thing that most people are overlooking is the giant 40 million bag they are now holding, and now success will just be about regaining the communities trust as they have already won in terms of cash. -We Heart the Steeeez!-

There are roughly 50% of the beans revealed at this point, so this is a fairly accurate depiction of the entire collection, but we may be in fore some surprises yet.

The stage went on to discuss what makes a project great, and most of it has nothing to do with the amount of money they hold or have raised. Imagine if you had 200-300 close friends IRL, you could do so much. This is the appeal of most projects and huge treasuries that aren't necessarily required to make a great NFT project.

Have an opinion on the elementals? leave a comment! 👇

GM!

Hosted on Acast. See acast.com/privacy for more information.

https://linktr.ee/rugradio

Apecoin DAO Council Candidates 🦍 Jun 27, 2023

Show notes

Traditional markets are seeing a bit of bounce. We lost some ground yesterday but things are back up today. Interest rates haven't been moving much and OSF thinks we won't see much activity over the next few months given the recent stance of the Fed.

Rumors of Fidelity filing for a BTC ETF seem to be true. There was also some positive news around Coinbase and Blackrock collaborating in some capacity, and Coinbase’s stock has seen some positive movement as a result.

Macro data points are becoming less important in regards to impact since the Fed has been very clear on their plan and how it will be executed. Inflation is still a factor, but unless it comes in as a big miss/higher, there isn't much to expect.

Not a great day in NFTs heading into the @Azuki elemental mint. Most collections have sold off leading to the mint. Yesterday's volumes across were in the 35 million range and the total value of this mint will exceed this, for some perspective. The amount of liquidity in the Azuki ecosystem is large and holders are locked and loaded, and Mando speculates that it will sell out before the public mint. Hopefully it goes well and trades up from the break. It's still a dangerous event and if it turns sour it could really lead to blood in the streets.

Apecoin DAO Council

A brief description of the candidates who came on the show today. The real gold in this episode came from the candidates' responses to various questions. Worth listening back if you want info on who to give your votes to.

@karmapocket Sold a company to Alibaba and started investing in crypto/NFTs. He joined the ApeCoin DAO in 2021 and started his own DAO and investment fund. His goal is to see global representation within the ApeCoin DAO.

@Waabam_eth Worked at a law firm and entered web3 before finding Ape Coin and participating in the DAO. He has already created working AIP's and has few in the works for the future. His goal is to spread the coin to the masses while creating opportunity.

@CapetainTrippy, has been an entrepreneur and business owner over the last 15 years, growing from the bottom up to be a successful business owner. Early in 2021, he bought an ape post mint and started being an active community member focused on the long term success of the apes. The DAO is an opportunity for him to use his skills to operate and ultimately grow the platform.

@byswickie minted an ape and then later acquired her ape, Kiki, who has become quite the persona in the space. She comes from a journalism and academic background, and has run various community events for the apes and outside collections. She thinks it's important to have a very balanced council, and her focus is on the community aspect and spreading awareness of the DAO.

Don’t forget to cast your votes! 1 Apecoin = 1 vote!

GM!

Hosted on Acast. See acast.com/privacy for more information.

https://linktr.ee/rugradio

Ft. @DemAzuki ⛩️ 🐇 Jun 23, 2023

Show notes

Today was our host Mando's birthday so he was out enjoying the sun and touching grass. Our other host osf had obligations as well so we were joined by the legendary Michaela who brought the vibes.

The feature of today's show was DEM from Azuki sharing a stage with us. Azuki is currently holding an event in Las V Vegas, NV with over 20 different individual events all tied to the community. Our very own Threadguy and Leap are running around the city and being documented by Jordan.

GM!

Hosted on Acast. See acast.com/privacy for more information.

https://linktr.ee/rugradio

Markets ripping | Musk vs Zuckerberg? Jun 22, 2023

Show notes

Stuff just went absolutely insane after the close of the show yesterday. BTC peaked at nearly 31k and ETH went up to $1830. Many other alts are seeing movement, with the two major coins seeing the most positive action. Mando is still looking to dips in ETH & BTC vs loading up on an alt.

Tokenization could be a 5 trillion dollar industry according to Bernstein! A crazy sentiment to hear, and it's following the Blackrock and other funds etc efforts.

Stocks and Bonds are now seeing weakness and crypto is running strong. This is a complete reversal of the past few weeks and strengthens the decoupling narrative for crypto.

Azuki is one of the most interesting stories in the space. Amidst consistent downward pressure, adukis have held strong or crept up. They are having an event this weekend in Vegas that has adequate hype behind it.

There is a blackrock NFT that was a free mint apparently and is seeing some movement. No not the investment fund, they are literally just black rocks.

NFTs are momentum assets. The higher the price the more attractive it is. If the price goes down, it's very likely that it will go down again today.

Our favorite mutant, @notthreadguy successfully made it into the next round of the Ape Coin Dao Council vote which is set to start today.

Who do you have in the fight? @elonmusk or Zuckerberg??

The writer of this article is team suck, his BJJ skills will crush the mars man. just me?

GM!

Hosted on Acast. See acast.com/privacy for more information.

https://linktr.ee/rugradio

Tally Labs Jun 21, 2023

Show notes

Very interesting 24 hours in Macro; What we've seen is some weakness in stocks after successive days of positive action, as well as some decoupling of stocks from crypto, with little apparent correlation. It seems to be moving on its own without any link to the macro environment.

The headlines when we hit the local lows recently have led to many large investment firms following suit with Blackrock's attempt to create an ETF for Bitcoin. There have been some very strong pushes into the crypto market as a result. Imagine a future where financial advisors are offering BTC as a part of long term financial plans.

Although this is a net positive for the entire crypto market, this is very much a Bitcoin dominant narrative. Be wary of buying up alts in hope of riding the wave up, there will be corrections and BTC will likely be the overall winner when this cycle is complete.

Jerome Powell says "we see stable coins as a form of money" basically slapping the SEC and their securities battle in the face

We haven’t really seen NFTs sell off from the crypto move, it has basically been a wash. The main move mover has been the Mutants which have dropped below 8. Yugalabs also dropped some news about something with the Forge and their HV-MTL game.

There is some heavy FUD around the Moonbirds, with people bringing up discord messages from 6 months ago where Kevin Rose said he would FUD himself if xyzzy didn't happen.

Jeff staple and Gmoney dropped their collab at Paris fashion week> The hat is black on black and features a big pigeon dropping splat on the brim, are you in?

TallyLabs

We were joined by the @TallyLabsNFT team. You may or may not remember the V1 Azurians, but they heeded the community and have come back stronger than ever. IF you own a Bored & Dangerous NFT, you can burn it for 1 of 3 possible Azur Root pass, which is essentially a mint pass. The team shared that you want to burn before tomorrow because they are giving away a gold Azur Root for holders of roots.

The books still have a use for the Bored & Dangerous writers room, but the community is showing up and burning happily, straight fahrenheit 451 status.

The new art has already been well received and let's be real everybody loves a good comeback story.

GM!

Hosted on Acast. See acast.com/privacy for more information.

https://linktr.ee/rugradio

Security & Metamask Chat w/ Tay 🦊 Jun 20, 2023

Show notes

GM Web3 ☀️Recap - Jun 20, 2023

Degenz Market Report by @osf_rekt and @rektmando

Markets are opening lower with the S&P and the Nasdaq down almost 1% after yesterday's market close. Equities are hovering within a similar range that they have been. This is just a quiet time period in between the FOMC and the next major events

Bitcoin dominance went up slightly and almost hit 27k, but it has fallen short. ETH was at 1830 last time we saw Bitcoin at 27k, showing the continued weakness in Ethereum.

There has been talk lately of dollar strength in headlines, and the commodities market seeing trades in currencies outside of the dollar.. The dollar makes up something like 70% of bank currencies, so it will take a long time to truly weaken. Mando says it's definitely possible over the course of the next hundred years, not 6 months.

NFTs

It feels like the only real thing going on yesterday was Yugalabs FUD. Contributing factors include Gordon leaving, who was a huge community player, especially in regards to morale, and there are a lot of different things going on in their ecosystem, making it difficult to keep up with. As a result, Apes dipped briefly below 40 ETH causing FranklinisBored to fire up the buy machine and start sweeping

If you are an NFT project based in IP, you are just simply not making money right now. The hope of future IP use is seeming to surface as something that might be a reach for most. However, volume in BAYC is still looking healthy…Even as it stands they are pulling in millions annually on royalties.

TAY 🦊

@tayvano_ who built metamask has built wallets in the space for years with a focus on constantly improving wallet security; She is also a hobbyist on chain sleuth. The atomic wallet hack is the current focus of sleuthing that she is doing with @zachxbt . There is a ton of money moving, and the catalyst for the hack is still unknown even by the atomic wallet.

Wallet creation is what led Tay to the on chain sleuthing. If a user had their wallet compromised, Taylor would follow the money and try to get clues to the user and the money's location.

An essential to on chain sleuthing is keeping a pulse on the space, especially when funds enter a smart contract. Knowing how things work and how they are ever changing helps to understand the weird things and odd movements seen on etherscan.

Tay shared some safety tips for us:

1. GET A HARDWARE WALLET!

2. Write down your seed phrase using paper! Don't take a picture, paper is really difficult to hack. Write it down in a few places!

3. Do not keep all of your funds in one wallet! In the event of a phishing attack or wallet compromise, you want to have your funds distributed amongst multiple addresses. Siloed funds ensure you do not lose everything via one tragic event!

@farokh highlights that many larger accounts have recently been attacked via SIM swaps. Do not set SMS 2FA for your crypto as this is the entry point for this type of attack.

GM!

Hosted on Acast. See acast.com/privacy for more information.

https://linktr.ee/rugradio

STUBS are Printing! 🎟️🎟️🎟️ Jun 19, 2023

Show notes

GM Web3Recap - June 19, 2023

Degenz Market Report by @osf_rekt and @rektmando

Kind of quiet with equities being sworn over the past few opens and today is Juneteenth, so traditional markets are closed.

We had a bounce back in crypto on Friday with BTC in the 26k range and ETH is sitting in the mid 1700's. The fact that Bitcoin ended higher on the close of the week last night is a good look. Although Ethereum was not named as a security, there are still questions to be answered regarding regulation from the SEC, and as a result, ETH continues to underperform

$APE dipped below $2.00 yesterday making for some overshared screenshots on the timeline.

Fidelity Investments is also joining suit and filing for a BlackRock style, spot Bitcoin ETF and have acquired Grayscale.

NFTs

Still a busy week for jpegs across the board. Yugalabs finger pointing was the trend over the weekend with the floor dipping quite a bit. A big liquidation event on BLEND is causing concerns that could result in a large batch of assets pushing the floor lower. Mando points out that this type of event has happened many times in the past and the collections tend to recover.

The flurry around generative art seems to have gone quieter; Interest continues but volumes have seemed to halt after the resolution of the Sothebys auction.

"I think AI art is going to be bigger than generative art" - Hot Mando take

Updates

Nike announced they are holding a sneaker hunt inside of Fortnite titled Airphoria. The big takeaway for the space is seeing the dot.SWOOSH logo in the ending tying it back to Nike's web3 initiatives. YLTCI

Canary Labs is having an event in London in collaboration with W1 Curates with artwork being displayed at their gallery for the next couple weeks. The gallery features a load of great artists from the space representing pieces from OSF & Mando's collection as well as various pieces from the artists.

STUBS

We had @apocalypticform on as this week's STUBS artist. He has been making art for 30 years and started with huge ambitions in the art world before becoming a Dad and having a family. He ended up continuing to create art on the side, inspired by his work and his view on how much culture affects society. The ideas in people's minds, their dogmas, their priorities were all things that piqued apoc's art. He interviewed people trying to shift societies for the better and leaders trying to make changes pre-covid.

Jake the degen bought his first piece who was then followed by 6529. He officially went full time into art 2021 and has been going hard ever since. His work ranges from attempting to display the utopia side of potential outcomes in some of his work. Other pieces depict coarser ideas like the masks worn everyday, yet he uses color and themes outside of the usual dark imagery associated with something heavy like this.

Hosted on Acast. See acast.com/privacy for more information.

https://linktr.ee/rugradio

Our TOPPODCAST Picks

Follow Us

Stay Connected

FOMO HOUR: A Daily Crypto & Web3 News Show

Related Podcasts

Links

Stay Connected