Show notes
Subscribe to our Benzinga Crypto Youtube Channel Episode Summary:Market UpdateInstitutions Swiping Up NFTsDavid Sun POB.Studio InterviewMoon or Bust - To Play Moon or Bust go to https://www.benzinga.com/markets/cryptocurrencyGuests:David Sun Proof of Beauty StudiosCheck Out Other Benzinga Podcasts Here:Check Out All Benzinga Crypto News HereGet Moon or Bust Crypto Merch Here Join the Telegram: https://t.me/moonorbustBZ for 25% of Moon or Bust Podcast swag.Claim 1000 ZING airdrop: https://www.benzinga.com/zing Meet The Hosts:Brian MoirSolidity and React Developer | Blockchain Enthusiast | Decentralized Internet Advocate | Crypto investor since 2012https://twitter.com/moirbrian Logan RossBlockchain Analyst @ Benzinga | President @ Wolverine Blockchain | Crypto investor and educator since 2016https://twitter.com/logannrossRyan McNamaraBought sub $90 ETH during the bear market | Liquidated on ByBit | Was into DeFi before it was cool | Ran ASIC mining operation in 2016 (sorry planet Earth) | $UNI Bag Holderhttps://twitter.com/ryan15mcnamaraDisclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.Unedited TranscriptWhat's up zinger nation. My name is Logan Ross, and this is moon or bust your home for all things, all coins and defy. I am coming to you live from Benzinga headquarters in beautiful downtown Detroit, Michigan. Today, the crypto markets are a little bit quiet, but the NFT markets are hot and we'll be covering.All as well as talking to our friend David's son from the NFT project, proof of beauty, this is a sweet one. You do not want to miss it. Uh, so get out your wrapping paper and put on your best cologne. Cause we're about to learn about proof of beauty's London gift and the London nightclub Dow. Okay. That's why you need your best Cullen in case you were wondering, I am joined today by defy developer, Brian Moore and master of margin, Ryan McNamara.How y'all felt. Doing good. That was a wicked intro. Logan who a, uh, I think it was the master of margin who wrote that one a hundred percent. How are you doing Logan? I'm doing great. Thank you so much for finally asking. Uh, but I want to know how y'all are doing in the chat. Uh, so let us know, drop a comment right below the like button, uh, Let us know what projects NFT or crypto you are looking at this week while you're down there.The first link in the description is the Benzinga crypto separate YouTube channel, where all the hot crypto clips will be posted. Uh, also join our telegram for a twenty-five percent off on the sick Buhner bus swag. You can get. BTC had doge hat, whatever, whatever team you're on, whatever you're feeling, uh, you can get 25% off by joining our telegram.It's that easy? Uh, also we just launched a brand new landing page for moon, our bust with a moon or bust game. Yes, that's right. A game. You can go vote moon or bust on all of your favorite tokens. Uh, the link is in the description as well. So make sure you check it out, go drop your votes and let us know how you're feeling.Make sure to connect with us on Twitter and our guests as well. All of that is linked in the description below. Um, but with that out of the way, let's get into the news. So I say we start off today talking about Budweiser, uh, buying a Tom Sachs NFT and the beer dot E E N S domain name, uh, Ryan, what do you think about a separate a second company coming into the NFT space, especially the PFP space, uh, after visa bought that crypto punk.Yeah, I definitely think it's really interesting. And it seems like visa might've been more of a marketing play. I think they put it really well in their tweet, talking about how they, they they've collected financial instruments through the past. So I thought that was really cool. But Budweiser, I think is a little bit different because not only did they get, like you said that Tom sex, rocket factory NFT, but they got ENS domain name, which I think is really.They actually got to, so they got beer dot Ethan. They got beyond beard at youth. So I don't really follow Budweiser much. I'm not really sure what that beyond beer dot eats would be used for, but yeah, who knows maybe they have something else in the works, but I definitely think that this could really push up the ENS market.There's probably more speculative investments with these shorter domain names, kind of like the.com bubble. And I think it'll be really interesting to see where this all goes. And if more companies start buying dot youth domain, Not to mention they bought it for 30 eith. Yeah. It was like a hundred thousand dollars.I wasn't saying that's really cool. Uh, so I don't know. I haven't heard yet, but we saw visa went through a third party to, to, you know, facilitate their transaction. Um, but did buzz, did Budweiser use a third party or did they buy east to do this? I do you guys hear about it? Oh, I didn't do my research on that.And neither did I it's like, you have to look in, if you guys know, drop a comment and fill us in, uh, otherwise we'll try to figure it out for next time. Um, but yeah, it's cool to see that further adoption. I think that visa might've knocked over the first domino in a long line of corporate NFT plays. Uh, so we'll keep our eyes on that going forward.Uh, in other news, uh, crypto markets are not doing a whole lot. I'll I'll share coin market cap with you guys here. We could just take a quick peek over the market. See what's up. See what's going on. So we got BTC hovering around 49. Again, we got east back at 3,200 car dynos holding steady, uh, looking for $3 again, soon Binance coins.The one that's ripping today. That's about it. We've got polka dot. Let's see. What do you guys have on your radars today? Anything in particular? I'm just glad Binance is above 500. Again, I bought, I put some more into my, um, rebalancing and change my values. So I added a lot more BNB when it was at two 70, I mean, uh, four 70.Okay. Breaking even there. For sure, good day, Mike, you want to let us know what crypto is you're looking at. Maybe we could talk about, um, uh, that goes to everyone else. We got Gavin, Gavin Newsome, good old Gavin, uh, is looking at car Dano. Maybe we'll pull up that chart for a second. Cardona was up 30% on the seven day that is thick.Uh, and you know, it's in price discovery. Reaching those new all-time highs. We're look for that to continue here shortly. Uh, yeah, let's see. The market cap is $125 billion. That's insane. I guess that's the fully diluted market cap. Maybe it's closer to the, to this number here, the 89 billion still either way.Ridiculous. Uh, and it's probably only going to get bigger throughout the next couple of months. We will keep our eyes on it for sure. Um, our well about the, um,The vice president of the global brands of Budweiser, um, their parent company, uh, enhance or Busch InBev said that they're, um, investing in a new NFT media shop run by Gary V. So there are jumping full, full, full in the deep end on this. They really capitalize on the new booming again, booming market, which is pretty cool.There you go. Another thing I wanted to point out, uh, chain-link Oracle's went live on Solano today. That is pretty cool in my opinion. And I like how chain-link is working with all these different blockchains. Uh, they, they have really got it figured out. Um, okay. But let's jump back to the, to the NFT space.Maybe we should just talk about proof of beauty, get that going. Or do you guys have any other projects you want to talk about? Really? We should rip her Rooney right? To proof of beauty. All right. Rip Rooney. We shall so back again today on Muno boss is our good friend David's son. David worked on the zero X protocol helps create the macho Dex aggregator.Uh, and now he started his own NFT project known as proof. Beauty proof of beauty turns blockchain transactions into beautiful pieces of NFTE art. And they recently launched a new limited collection called the London gift that David is here to tell us about. David welcome back, man. How are you? Good, good.How are you guys doing great. We are happy to have you on to talk to us about London. Uh, we had you on earlier this summer and the audience loved it, uh, for anyone who missed the last episode, um, maybe could you just fill us in on your background, how you joined the crypto space and what projects you've worked on so far?Yeah, I mean, you already kind of. Summaries, I'm going to fill in the gaps there. Uh, I joined in 2017 during that ICO bubble lost a good change of money during the bear market, uh, but decided to stick around and join zero X protocol as an engineer. And, you know, it was building infrastructure for what is today's defy.Um, and then at T marketplace, uh, things like what you like the technology, but open seat. It was very much so inspired by, uh, zero X protocol. But, yeah, so a bit the NMT bug, when crypto kitties slow down the eat market, um, back in 2018 and I always wanted to do NFTs, um, and provability kind of was a side project and soon became a full-time endeavor.And haven't looked back since. I love it. Uh, so before we talk about London, let's do a quick recap, uh, about proof of beauty's first collection, the hash collection. And if you want me to pull up any part of the website, just let. Yeah. Um, I think the best, uh, I guess demonstrator of the project probably will be hash dot POB that studio slash explore or explore page.Um, yeah. So, uh, hash is the project about collecting history about collecting transaction history, um, on the theory of blockchain, uh, what do we mean by that? Well, it's, uh, you know, We historically, you know, uh, have always collected, uh, Pictures. Uh, we actually tell history like just general history via, uh, arts.Right? We have oil paintings of the French revolution. We have a war photography of the Vietnam era. We did that, but just the more crypto native way, which is using NFTs as the. Painting that represents a moment of history, uh, on the blockchain. So, uh, you can feed it a transaction, right? Any Ethereum transaction, it could be your spirit first transaction, icky hack.It could be the largest, it could be the visa sale, right. Or it'll be the purchase of the crypto punk. And then we take all the information within that transaction and. A piece of art, right? Um, and this piece of art, you can also add a title description to kind of describe it. There's a whole lot of interaction you can do there.Right. And that's kind of a way of telling stories, right. In a very crypto native way. And then there's been a pretty lively, secondary market. People are speculating on what history is very valuable. Right. Um, Yeah, that's, that's hatch. It's kind of like a project to make collecting history, telling stories about crypto fund, hopefully.Um, and, and, uh, engaging. Yeah, this is awesome. Um, so right now I'm looking at Jay Z's crypto wallet addresses, is that. Uh, I think so I started way, way, way back. I started here. Uh, I found these featured collections. Wait, was it? No, it was down a little bit of login a little down. So Sean Carter right here, view Jason.Memorable moment. So what you guys did is you found Jay-Z's wallet addressed, found all the transactions and then use their algorithm to turn these into pieces of, of beautiful NFTE art, uh, that we could, I can mint right now for 0.08. Yeah. So these are like unclaimed transactions as, um, But, yeah, so like, just to kind of clarify, the key rule with hash is, uh, one transaction, one MTV.So if it's the minted, you could only buy it on the secondary market. Right? So there's like this race to the bottom where, you know, when the Lendon hard fork happened, everybody wanted, wanted the very first transition. After the hard fork. Right? So, um, this kind of a fun competitive game at play, um, you know, uh, with a lot of these guys trying to get the best parts of the history.Hmm. So I'm just pulling up ether scan here, looking into this NFT transaction, the first, uh, seven to one transaction on Jay Z. His address. I'm wondering if this is the punk. It doesn't look like it was, it could have been a transfer from somebody to him, I think. Very cool. And then we have the first Eve inbound.So what do you think this might. Probably just disguised when I'm in Coinbase and just loaded a crap load of, yeah. Dang. That's cool. And it's, it's still for sale. That's crazy. Uh, I have to pick that up after the show. No one swipe it from me, please. Um, okay. Let me take my screen off and pull up the next question.So at the beginning of this. Uh, Ethereum successfully launched the EIP 1559 London hard fork. Uh, what is the significance of this in your opinion? Yeah. I mean, I think there's a lot of layers to this. Um, obviously the first one is it, it radically changed how gas, uh, how we carpet gas pricing and, and that, you know, I don't think we have fully realized the benefits of like, you know, lower gas prices from the IP 1559 heart, um, a change, but it definitely radically changes.Pricings, right? Like there's, it's, it's a lot more predictable. It's, uh, you know, theoretically it's deflationary right. For Eve, which, you know, makes me more of a youth maxi than I was before. Um, you know, and, and that's really all cool. And. You know, men, a mask recently updated right. To support you. I think that 59 transactions and personally, I think the UX is a lot better just being able to see the price actively flash.And then if you, and then being a lot more predictable with the blog, with like the timing, it's like, oh, this should be within 30 seconds, which now is what used to be kind of just. Shot in the dark. Now it's a little less of a shot in the dark. At least now you have a little laser pointer, um, to help you out a bit.So that's very powerful. Um, but I think the repercussions of 1559 is it really demonstrates the power of utility and consumer use. I think a lot of other boxing's their political power is really constrained by their minors. Right? Whatever they say, you know, they, they own the hash power, right. The fact that you got P 1559, which perspec like on the perceptions, it's bad for minors as, as a part of their fees get burnt.Um, the fact that this thing was able to pass with some amount of buy-in the minor side on the developer side on the adapt side, kind of really is I think tells how politically strong. That youth community is right. Being able to do something that is had a lot of controversies from the beginning. Right.And that if that doesn't make you a little bit more bullish on youth being capable of upgrading itself, being capable of adapting itself to whatever future needs, uh, right. I don't think a lot of. Uh, blockchain and communities have yet to face these endeavors. I don't see a signal on definitely Bitcoin has its own struggles and usually it all is occurred to hard forks.The fact that Eve was able to have no hard forks, uh, and just very easily kind of move over to this, uh, kind of contentious, uh, EIP. It shows a lot of the maturity of the technology stack and the community that's operating. And then that's, to me a very longterm. Bullets signal that, you know, The world is going to throw a lot of crap at each blockchain, bu…
Full show notes at the publisher 
Our TOPPODCAST Picks 
Stay Connected
