FOMO HOUR: A Daily Crypto & Web3 News Show

Latest Episodes:

WTF is HV-MTL? + PIXELYNX Mar 30, 2023

Show notes

In this episode, we discuss the current state of traditional markets, which are strong and expected to close well. Interest rates are selling off, with 2yr treasuries seeing a slight increase. Crypto saw a dip in gains from yesterday, and altcoins are selling off, with $ARB outperforming most of crypto. BTC dominance continues to hold strong.

We also cover the latest news in NFTs, including Yugalabs' reveal for the Meta Apes, which was a big hit. Volumes across collections have slowed down, and Doodles 2 genesis boxes are set to open on the 31st. ArtBlocks.io opened a marketplace and is enforcing royalties, and Nakamigos are off their highs.

Coolcats had a town hall meeting where they discussed their struggles, their deal with Macy's, and future plans, but sell pressure continues.

Ledger is close to completing a 108 million euro raise, following a 300 million dollar raise last year, indicating that they have kept their market valuation throughout the market fallout.We also discuss Frank degods' recent buying spree, where he tapped into his favorite ETH communities to celebrate the migration. He bought a Bored Ape over CryptoPunks, citing the airdrops and claims associated with the apes.

Lastly, we were joined by PIXELYNX, who has worked with major brands in the past and has a passion for music before getting into blockchain technology. Their aim is to join music and gaming together and were recently acquired by @animocabrands. They envision something similar to Pokemon but for music.

PIXELYNX on @ 59:50

GM!

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

https://linktr.ee/rugradio

What if Yuga fails? Blur farming extension Mar 29, 2023

Show notes

In this podcast episode, the market saw a strong day with the S&P 500 up 0.9%, but interest rates have sold and 2-year rates had a big move over the week. Traditional markets are being compared to FTX with crypto, as big headlines are followed by a lack of news and no crashing, suggesting that the rate of correction may outweigh the crisis. Meanwhile, crypto is holding and has rebounded from regulatory FUD, with XRP seeing another move up. Binance is receiving FUD over their connections to China, and Euro transfers of more than 1k may require KYC like traditional banking. Nakamigos is now sitting at .44 and was part of the end of the Satoshi drop. Blur has announced they are extending their rewards, which will be painful for Opensea as they've seen 50-60% market share. Beetle has announced big news, and Y00ts migration went smoothly yesterday. It remains to be seen which coin takes second place to ETH in trades between Solana and Polygon. Lastly, the UK has delayed its plans to get into NFTs, and a TikTok ban is still being discussed with an uncertain outcome.

GM!

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https://linktr.ee/rugradio

Binance, Legends of Mara + Sorare Mar 28, 2023

Show notes

n the TLDL thread for March 28, 2023, the podcast covered various topics. The crypto market has bounced back from its dip, and there is no major macro news to report until Payrolls. However, Binance has been sued by the CFTC for willful evasion by using VPNs to evade certain guidelines. Despite this, there is an oddly bullish hidden narrative since this is the commodities sector, and certain assets are loosely defined as such. CZ made a proper response, read the article to get the juicy details.

Prosecutors filed a lawsuit against SBF, accusing him of bribing Chinese officials. However, Mando points out that this practice is often above board in the US and might not have been prosecuted the same.

Otherdeeds announced positive news about Legends of Mara, a new 2D game linked to the deeds. The game allows players to extract resources, Kodas, and artifacts and is set to come out over the next few months. The game looks exciting, with features like vessels, lore and evolution, farming and land.

Legends of Mara is said to pick up where the second trip to the otherside leaves off. Kodas are the primary keepers of otherside and are said to be adept at farming, enchanting, and hunting. Currently, a Koda is basically 1:1 with Mutants.

The podcast also discussed Ticketmaster using NFTs for ticketing. While physical ticket stubs have been a highly collectible asset for years, digital tickets have taken over the industry, eliminating the need. With the blockchain, a new form of ticket collectibles is sure to emerge.

GM!

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

https://linktr.ee/rugradio

The first STUB has arrived! w/ artist GDR Mar 27, 2023

Show notes

In this episode of GM from GM Web3, the hosts discussed various news and updates from the markets. They had Frank degods on as a guest to talk about their migrations, and gdr, their first STUBS artist, gave insights into their pieces. The hosts also talked about the quiet few days in the markets, with equities opening up unchanged and interest rates selling off. They discussed the upcoming Payrolls data point and how OSF is keeping an eye on bank stocks and the financial services industry.

Regarding crypto, BTC saw a dip entering the morning and is down in the 27k range, while ETH is hanging in the 1700s. $ARB has been the token to watch as it launched with an airdrop last week but is also feeling the retrace sitting at ~$1.2. The hosts noted that banking stocks had a mini bounce but nothing crazy. They also discussed Nvidia's opinion on Crypto, saying processing power should be focused on AI.

In NFT news, prices were relatively stable over the weekend, with Punks and APE's creeping up slightly. Gucci and Yugalabs announced a multi-year partnership, and Gucci grail 10ktf pieces rallied a bit. They also discussed whether it is bad if a luxury brand like Gucci takes a large part of ownership for a big brand like Yuga.

The hosts also talked about Binance being sued by CFTC, and the migration of polygon/y00ts and DeGods/Eth. They announced that Frank degods will have a spicy announcement later in the week, and talked about the Paper Hand Bridge Tax PHBT, which is set at 33.3% and puts a royalties hit on the Solana chain diehards.

Finally, they featured their first STUBS artist, gdr, who considers himself a bridge artist, bridging different types of art and digital/physical together. His STUBS piece started with a 5x6 painting of the ledger, and there are two different pieces available for the STUBS claim.

Frank is on @ 30:03

GDR intro at 1:11:20

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The great bank decline & Joker Club spirit Mar 24, 2023

Show notes

in this epidote, we discuss the latest developments in the financial and crypto markets, as well as exciting news in the gaming and NFT industries. Yesterday, equities had a strong start, but concerns about Deutsche Bank's financial stability have surfaced. Interest rates continue to be volatile and are pricing in a different tune from the FED's narrative, with speculations on an emergency cut being priced in.

Meanwhile, crypto is outperforming traditional markets, but if regional banks such as Deutsche Bank go down, it would require a cross-Europe decision to bail them out. Additionally, commercial real estate is the latest concern, and unrealized losses are continuing to surface globally. Banks that have supported startups and those with large commercial real estate portfolios will come up short and be exposed to the falling dominoes of this crisis.

In the NFT market, we've been dealing with "price bad" for a while, with top collections mostly down to around 20% on the 30-day. Mando thinks we should be prepared for things to worsen, and the musical chairs of liquidity continues.

Moving on to gaming news, Kansas has announced its casino, with a trailer revealing things like sports betting in the panda universe. Dan Houser backed "revolving games" is designing a game for the Creepz.

In other news, Yuga Otherside 2nd trip has been announced for tomorrow, the 25th, on a first come, first serve basis for users. Team captains were also announced, and all users will be assigned to a certain captain. There was also a teaser trailer.

Finally, the podcast was joined by Joker Club Spirit and Founder M. schulmann, the Delugue General of 'Group Partouche,' who owns casinos.

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Post-FOMC, SEC + Coinbase Mar 23, 2023

Show notes

Welcome to today's podcast where we'll be discussing some of the latest news and updates from the financial and crypto world. We start off by noting that it's a beautiful day!

Yesterday's FOMC was one of the most important ever, and one key point that was omitted In all of the commentary was the fact that rates may be raised as the Fed sees fit, indicating that they may be close to the terminal rate. In the world of crypto, there was a slight sell-off but it has already retraced and is now basically unchanged.

Staked ETH is the next big unlock happening for crypto, and as the saying goes, "buy the rumor, sell the news." Meanwhile, the Arbitrum airdrop unlock went live today but the entire network went down shortly after, causing a lot of responses.We also discussed the NFT floor prices, which aren't looking good for those at the top. There have been reports of 10 apes sinking into bids, dropping the bid wall even lower.

On a positive note, the NFT now PASS is live today, and we had Co-Founder/CEO Matt Medved on stage to break it down. The pass is intended to reward holders with access to events, private chats with industry leaders, a reward system giving back to contributors, and more. For those interested, the source can be found at nowpass.xyz.

That's it for today's podcast. Thanks for tuning in and we'll be back soon with more updates from the world of finance and crypto.

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

https://linktr.ee/rugradio

Carpet Diem! Does the FOMC matter? Mar 22, 2023

Show notes

In this podcast episode, the hosts discuss various developments in the traditional markets and cryptocurrency industry. They mention the recent launch of GM Web3's STUBS and highlight the FOMC meeting taking place today, with expectations for a 25 bps hike in interest rates. The guests also discuss the shift in monetary policy on a global scale and the impact on the long-term outcomes and trends.

We touched upon the NFT market and the recent trend of declining prices for popular collections like Pudgies and Bored Apes, while Nouns claim the biggest up move. Additionally, they mention the launch of a Bitcoin marketplace on Magic Eden and Sony Interactive Entertainment's patent filing for NFTs that can be transferred between different games and consoles.

The hosts are joined by guest Orkhant, who talks about his work that combines middle eastern art influence with generative tech. They discuss his recent piece, "Eastern Promises," and his latest drop, "1001 Magic Carpets," created based on generative code similar to art blocks. The episode ends with a humorous quip about discussing digital rugs on Rug Radio.

Orkhan is on @ 1:06:17

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Stubs is here! Mar 22, 2023

Show notes

It was with great anticipation that STUBS was launched today. ON top of our listen to earn system that rewards users in $RUG token we have now successfully launched STUBS which will be a way for listeners to participate and earn their way into some new art! This has been very long in the making and it was with great pride that we kicked it off on this episode!

GM!

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Surprise guest: Friends Nick & Pio w/ The Nifty Mar 20, 2023

Show notes

Todays show went through the recent events with UBS basically acquiring SVB at a heavily discounted rate and the effects of this both present and implied. Somehow during the chaos Crypto has been performing well, Bitcoin has been hovering in a range but on to pop all of the headlines. Balijis made a million dollar bet that BTC will hit $1 million in 90 days, causing the timeline to uproar in every direction imaginable.

We had a surprise visit today from Nick and Pio with the Nifty team to walk through the updates of the day and give us their perspective. The Nifty team also has a free mint happening today that is going to lead to a new push on the NFT from our friends. Visit the nifty.com to join the fun and get some art for free on top.

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The summoning & chat w/ The Glimmering team Mar 17, 2023

Show notes

Welcome to the latest news and updates from GM Web3. In this episode, we discuss NFT sentiments, news, and a special guest, TheGlimmering. The crypto market has been experiencing major volatility in interest rates, with swings of up to 10% day to day. BTC touched 27k, a great sign, while ETH hit 1750. Alt coins are lagging and not performing, but they are following the two big coins. The team is unsure why crypto is rallying.

Things are not great on the NFT front, with Mutants and otherdeeds dropping. The team's fallen angels, including doodles, clones, moon birds, and cool cats, are not doing great, and this period is described as "the bleeding." However, the stage is hopeful about CloneX, and RTFKT Fud has been weak.

In this space, as a founder or creator, understanding community sentiment is crucial. There are both profit-focused and emotionally vested members in most of these communities. You vote with your wallet, and your conviction is represented by your 0x address.

The summoning from Yuga happened, with the new assets trading at 2.14 ETH. Farokh shared a stage with CryptoGarga in NFT PARIS, and was told the Dookey Dash game grew the Yuga ecosystem by 40%! There was a big power source sale for 45 ETH, but it's unknown what's inside.

Degods ordinals are kicking off, with the original frank asset sold for the equivalent of 50 ETH. There was some fud around the .44 BTC price, but the counterargument is the actual floor price of DeGodsNFT, which is around 6.5 ETH.Redbeardnft has decided to live forever and inscribed his soul onto the BTC blockchain. If you see him, you can now refer to him as inscription 492293. He is one with Satoshi!

The team was joined by The glimmering and J1mmy.eth, who is bringing the Bored Apes into their glimmering world. The on-chain game platform is launching on March 30th, with 43k custom artwork layers in the project with custom sound/animations. The mutant apes were seen as a perfect villain for the humans in "Ocelot," the world. Inspirations for the Glimmering lean heavily into Dungeons & Dragons. Ancestries, weapons, soundtracks, and detailed hairstyles are all included, and the team uses the 5e TTRPG rule set created by D&D.

0xPolygon was chosen for the Glimmering game, with all data stored on-chain, from dice rolls to hit points. The actual NFT will morph over time based on the data acquired from playing the game. Rug radio is bullish on Polygon and its carbon-neutral efforts.

This is another great example of IP being used in a positive way. Ape assets are brought into the game, which has been a goal for the entire space when it comes to gaming and IP. That's it for the latest news and updates from GM Web3.

GM!

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

https://linktr.ee/rugradio

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