All About Affordable NFTs
 

All About Affordable NFTs

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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.

Episodes

NFTs are not ANON why don’t folks understand | Project: Chicken Derby

Monday Mar 14, 2022

Monday Mar 14, 2022

Transcipt:

[00:00:00] Today on all about affordable NFTs. We're talking about the theme of NFTs are not anonymous. Anon. Why does the public seem to think that crypto and NFTs are well? We'll get into that topic, but first, Andrew, what do we highlight in the news? Is. 

[00:00:16] Yeah, so yeah, today. Yeah. Last week we talked a little bit about some somehow about politics and crypto seem to be coming together more and got news that this week a there are two crypto friendly presidential candidates in South Korea.

[00:00:30] And I guess the more conservative candidate won out, but. In stark contrast to the current president there that has really tried to crack down on the crypto industry in Korea. So I think this is, I think this is a kind of, I don't know, big moment that crypto it will become a much bigger issue for politicians going forward.

[00:00:51] We're already seeing Sort of being certainly not not shunned by the U S government. I think we're going to have this become a bigger issue for elections moving forward here in the U S just as it was in this election in Korea. So I think that's, it's just interesting to watch that.

[00:01:07] And don't know. Did you, had you seen this at all, George?

[00:01:09] I didn't see this one in particular, but I haven't seen Andrew Yang make a lot of rounds in the U S seen for his web three IO lobby group. And. You better believe the amount of politicians that are gonna wake up to the fact that wait a minute, if I have a pro crypto stance and a public facing wallet, I will get money.

[00:01:29] It won't take too long for people to catch onto that. So I think the longterm ability for crypto to make its way positively into government and legislation is is 

[00:01:39] pretty bold. Yeah, absolutely. So the next newsletter I've got here, I just saw this as we were getting ready to record here was that some of the big partners from a 16 Z one of the big VC funds including Chris Dickson and mark Andreessen our IX or.

[00:01:57] Backing a $30 million fund to invest in NFT art exclusively. So this is, these are art pieces. There's not a lot of detail on what type of art that will include yet, but that is a sizeable amount 30 million to go into NFTE art. As far as I do look at that market a lot and that is, that's a lot of art at this point.

[00:02:18] There aren't a lot of pieces. That go for. The, even the six figure range in the art area you see some big sales on super air, but that is, we'll see where that, where they actually deploy that. I think that is that says a lot for the future of the crypto art market. I think 

[00:02:34] just focused on an empty art, mind you not like NFTs art.

[00:02:39] I think that small extra three letters is so important because you're beginning to realize. As an, even an investment commodity or strategy here, it is being segmented based on the type of NFT and the utility. And we keep coming back to making it more of a larger platform, a concept like the internet and no, one's oh, you like that internet?

[00:03:04] I third, only people that are weird or on the internet, okay, it's 1997. But we're starting to see. That type of nuance. So I was excited to see that also the other thought in my head for this is that I have it frequently also for certain Dows that collect a bunch of money to go buy super expensive stuff.

[00:03:21] And I heard this mentioned on my first million podcasts, you should take a pause. Imagine if someone came to you with the investment opportunity to run around America and go buy the most expensive real estate you could possibly find that just happened to be pumping right now. You would maybe question that investment thesis, why would you run around buying the absolute most expensive homes?

[00:03:44] And like you would question that, but you don't necessarily question 

[00:03:47] argue that the art market, the NFD art market has, is not exactly pumping right now and has been largely overlooked. In most of this activity that has focused so much on 10,000 character or, collections. So I think that, that there is a difference there.

[00:04:03] I think that, we'll see what they, where they go with it. I imagine that my guess would be that there's going to be investment in some historical pieces because there, as we've done. About there were a whole lot of NFTs created in 2021, a lot more than we recreated ever before that. And I think that those are the ones that are often talked about in crypto OJI circles, as That's the proof that, you understood what was going on.

[00:04:28] And so I think that those may be where they are. That would be my guess that they've looked to older pieces first that have more value as we are as more I'm sorry, less less supply than some of these later collections that. And as we know, there's a lot out there right now. And it's not hard to come by them, but to find the older pieces that you actually can see on the blockchain I speak minted at a certain time.

[00:04:48] It's a little bit harder or a lot harder, I would say. So you read 

[00:04:52] that as like an intelligent approach to finding value in the market. I read it as, let me, let's let us go off by a whole bunch of apes and and. 

[00:05:00] We'll see what they do. These, they will say tend to, 

[00:05:03] Obviously we've drawn this point out, but I'm curious.

[00:05:05] So if you were handed that sort of, that basket of money and an investment thesis, you would take it and say like, all right, let's start with this list of artists that have been overly. And look at a five-year horizon or 10 year horizon of saying like these people are just going to eventually be recognized as it, or even if they're not recognized, they simply have a place in glitch art or this style that came to pass between these years of ex.

[00:05:31] Look, I, I certainly don't know what they're, what they are going to do, but yet if I were given that I would certainly look to invest in older pieces of NFT art and crypto art to people that were doing it before it was necessarily what we know it as now. Because one, like I said, the supply is so much lower in there is I think that there will be a lot more credibility given to this as to those people that were doing it before when, getting a $70 sale really meant something.

[00:05:59] And now it costs $70 just to, to process the transaction. Maybe you're lucky right now that it's a little bit lower, it's like, It's really come a long way. So I think that there's going to be some importance given to that for the people that were doing it at that point, and that there's going to be more of a recognition that this is bigger, a bigger change.

[00:06:17] Then the Naval we're giving it credit for there's an adoption of this new technology. And there's some proof that you maybe had that you were working on it at a certain time, and that it started to change things before it started to lead to what we are in right now. And, we may say that it's a cold market, but at the same time, as we said, it's 10 times the number of people that were doing this a year ago, 

[00:06:40] Yeah.

[00:06:41] If you look at the history of sort of technology memorabilia, right? The first apple I iPod, like that has a value that first any S system and cartridge that has a value now, these are things you can no longer get these sort of min conditioned box items. And then that sense, like this is that, however, it doesn't degrade over time.

[00:07:03] I would have. Would it be possible to create one of your dune analytics boards, like around like a handful of those artists tracking them back? Or is it like kinda tough? It sounds super rare, right? 

[00:07:13] Yeah. I, that one I thought about, I would like to get into that a little bit more than just looking at super rare.

[00:07:20] Cause it's easy to look at super rare, but I'd like to know. Things across multiple in almost multiple platforms, they aren't always the easiest to identify. So it may make lewd actually looking at the specific token IDs, but and then grouping them together. But I think it would be nice to be able to get her an idea of what is actually out there, even in the, some of these older NFTs, because it's really, it's, I'd like to get a better idea of how many mints there were.

[00:07:46] In 2018, 2019, or in 2017, that we know that punks were happening. Then, when there's a little bit of debate about some, which is what some of the first collections were in different areas, but it's still nothing compared to now when we've got dozens of projects launching every week and thousands of NFTs being minted, I don't know w we'll see what they do with this.

[00:08:07] I am. I've thought about this a lot. Before this, that I think that some of those early pieces will hold historic value. We've seen this in different art movements as well, when there is a big shift some of the people that innovators that were doing it early, a couple of them will often rise to the top and be the people that.

[00:08:24] Everyone looks to as some of the influential leaders that started the movement before it was popular. So we'll see if it happens here. It, it has played out like that in other art movements and technology movements before. And this is bringing them together. 

[00:08:39] I think there's anything affordable there or is it all like aggressively priced?

[00:08:42] And then you're like saying like, all right, I'm going to drop, 10,000 in the hope that it becomes a million dollar. Sorry to use dirty Fiat 

[00:08:49] for, yeah, that's a good question. I think you have to think about it somewhat in Fiat because we always we've talked about, I think these are a longer term play for the most part than some of these collections.

[00:09:01] It's relatively unusual that, in the traditional art market that you would buy it, buy and sell a piece within the same year. I would say it's very unusual, especially because of the capital gains that come with it in the the U S anyway or the Catholic kids don't come with it. I'm sorry until one year you'd be paying just regular taxes, but anyway They move a lot faster in this market than the old markets, but it's still a lot slower than I've been in an empty collection where you can literally just list it the same day and maybe sell it.

[00:09:30] I don't know. I think there is maybe some value there it's I haven't looked closely at the market recently. I am curious to maybe find what wallets, some of these buyers may be using, and then start looking at those a little bit more closely as they maybe start to deploy this.

[00:09:46] Yeah, 

[00:09:47] that's a good plan. If we find any funny, good affordable projects We'll we'll bring it to y'all here. One more story we have here is the Ukrainian boxer. Vladimir Klitschko released an NFT collection to support the relief efforts in Ukraine. So this isn't an NFT that can be tracked as best as possible to support that will go toward the, the crisis unfolding in.

[00:10:09] So there have been other NFT projects. Certainly there was like a promise of an NFT dropped by the Ukrainian government, I think. And then they they were a little busy with, the bullets and the Russians and they were like, ah, actually, no, but I'm, I'd be willing to bet a horse that that they will come out with something.

[00:10:28] Hopefully they come out with it on a, a gracilis layer or something, or good old polygon. To to, to further people's ability to support the efforts there. 

[00:10:37] Yeah. Yeah, absolutely. I Like you said, there's been over 80 million funded to Ukraine at least tracks so far through crypto efforts.

[00:10:45] I will, this is a cool collection and I hope we do see more something official from the government. I think that would help them help them a lot in terms of fundraising. And it would be a popular collection for a number of reasons 

[00:10:57] and watch this smooth transition. And speaking of.

[00:10:59] Russia and Vladimir Putin, a true chicken of the region. Chicken Derby. Why not raise some check-ins so it was pretty smooth transition. There 

[00:11:09] we go. Yeah, chicken Derby. Let's get onto it. What do you have for us here? 

[00:11:12] Chicken Derby is basically chickens, meat, Zed run that has a racing game. They have been in a sort of phased roadmap launch that finally.

[00:11:22] Cause I've been watching it for a little bit because it's been talked about chirp Tibet. If you will, that run discords they are these animated looking chickens that you submit and race. You paid. Drop them into a race right now, they are about to, it seems like move out of beta four, race racing, actually there'll be a free tier and a pay tier to race.

[00:11:44] And it is a play to earn type of strategy here. Also a earn way play as well, because there's like a way to pay into a race. It's like the gambling element as well. The earning element, they are ridiculous looking. They have skills there are currently 33,000 and roughly 6,000 owners. The floor price is at 0.03, two, so very accessible.

[00:12:06] And all I can really do is say like they're mimicking off of Zed run in many ways. And we'll hopefully learn about the mechanics that actually work. And, people are in fact playing this game. So I will say that Genesis horses in Zed around are incredibly valuable at this point.

[00:12:22] But the chickens in here, there are four different breed types, 11 breed type. There are. They call them heritage dorking Lakin builders, Sultan and Sarama. And when you jump and find that link, you'll be able to see the varying amounts. Seromas the best dorking is the worst. My, my recommendation would be like, play around, look at rarity score, but actually.

[00:12:44] The talent is what seems to derive the most value of the potential racing capability. The racing capability will be found out by the chicken based on the distance. It runs there's short, mid, long distances that are rung run, but basically more rare talents are, and the chicken is racing. It has a special ability to do something ridiculous, like freeze.

[00:13:08] Or make them March in a circle or blow them up or toss them into a black hole or take a helicopter from last to first. So there's all of these special abilities that are just randomly done and some are far more powerful. And basically you'll be able to tell that from the talent drop down, That's where I would potentially start if I were getting into it full disclosure I'm a stable not a henhouse, so I don't intend to buy one, but I might change my mind, but it's something interesting to look at.

[00:13:40] And it's at a time when the game is just finding its feet. So it has proven that they can Del develop a game. I get nervous. Too much getting in that period of time where there's no game and you're buying assets. But they've shown they can do a thing here.

[00:13:54] Andrew, what insights 

[00:13:55] do you see here? So I'm looking at the website here which is somewhat curiously@bitlevin.com. Apparently that is the developer behind this. I was trying to find more about the developer says that the It's the team behind of final boss games. They're well-known for the game ganja farmer.

[00:14:13] Note link on that ganja farmer had over 7 million downloads at once. Not super active at this point, but does have. Good reviews. Still, when you do a search for it, I'm a little disappointed. There's not a little bit more about the team. Looking at the website here there's 33,000 of the 33,333 of the chickens noticed.

[00:14:35] Yeah, I dunno. It sounds interesting. I don't. It sounds somewhat like it's just a copycat of Zed and I'm not sure what what's going to entice users to try this versus one of the many of the stable games that you've brought to us like peg exe or is it, 

[00:14:51] yeah, I dunno.

[00:14:52] It's pretty ridiculous. Like it doesn't take itself seriously. And it comes down to getting the game. If they can get the mechanic right. And people play it and it's fun. You know what, like this time, last year dose going was pumping like, okay, like dog coins pump, like, why not? 

[00:15:05] They're telling yet.

[00:15:06] Maybe you just haven't had the time right 

[00:15:08] game. You, I had a dad pond. You get a deck? 

[00:15:11] Yeah. We each got one.

[00:15:12] Cool. Alrighty. Moving into our theme. All right. Yeah. Our theme here, what do you got here to get NFTs are not anonymous. It is curious that everybody seems to think NFPS and crypto is so anonymous. That is not the case at all. 

[00:15:30] It's aggressively true and aggressively misunderstood. And how do I make the claim that it's missing?

[00:15:35] One, because there's so many people, that end up making their like profile a, a punk or a board app and be like, oh no, this is me. I don't want to show my real identity. Like it would take an actual reporter, probably a lunch 

[00:15:50] break to find 

[00:15:51] you. And what's more, we see ridiculous things like, the Ivanka Trump NFT getting bought by her own wallet and being like, no, it was bought for somebody else.

[00:15:59] Like not sitting there, 

[00:16:00] like you see 

[00:16:01] there's this assumption. I feel that because crypto in the past was a bunch of, hash numbers. And, the silk road type of ethos of oh no, you can never track anything and find it. It's actually incredibly trackable. And it may be that, the public or general perception just sees these hashes and be like, that's impossible to tell what's going on there.

[00:16:25] It's no, that's a unique hash that's somebody's number. And they just run around with a number, doing whatever we want. Wet. It's more trackable than a cookie. You 

[00:16:31] can't escape it. Yeah, absolutely. This is a, it's more like a permanent one that you actually want to carry around with you because it has all of your assets.

[00:16:39] So when you connect to a site, they can see who connected to their site and see what you have in your wallet, which means you people know, what kind of currency you have, what other NFTs you hold. You can also see, Do you want to dig into it? You can see what they've held in the past.

[00:16:52] It's really not that hard to look at all these things. And generally speaking, then you can often see that there's an ENS Ethereum name, service, and name tied to it may not be their real name, but in many cases it is often you'll be able to find a Twitter account. There's so many non-anonymous ways.

[00:17:07] So even if there's not a. A real name immediately available. It's often there, if you look off the surface, but this is, it's a kin to, if everybody could see all of your all of your stock trades, all of your everything that you're I know every game that you're playing, just see this on a public blockchain and be able to pull that up forever.

[00:17:28] Everybody has this data. This is very different than just, Google or Facebook. It means that when you take an action in web three and sign a contract, anyone can see this. It's really quite different in this. Yes, it's a long 42 digit hash, but that's just a 42 digit hash and it follows you everywhere.

[00:17:48] So there's, it's really not anonymous. Recently we talked about how some six year old cases we're resolved and, people were arrested, these things don't go away. The blockchain will record this and it is completely not anonymous. It's completely misunderstood.

[00:18:04] And I guess there is. I at the beginning, people thought this, and it's in a concept that is proliferate, proliferate it over time and it's false. So we need to get that idea out there that this is when you take an action in this world, it will not only be known at that time. It will be known forever and will be found out if there is anything I'm not right about it.

[00:18:25] I have two analogies, one early days of Facebook when it was just in colleges. I remember joining from my college and I was like, oh, I can post whatever the heck I want here because, oh, it's just my friends being connected. I had no concept of what network effects really were, what they meant. I had no concept of the Facebook roadmap, which was expand to absolutely everywhere and share absolutely everything about what I had done under a previous sort of social contract, I would say with platform in the same way that maybe certainly in the early days of 

[00:19:02] NFTs oh yeah, 

[00:19:03] it was.

[00:19:04] Use a hash to find somebody, but over time because of network effects because of triangulation and the ability for us to use some of these tools, like there's a reason why some of those scammers have been caught now because tools are getting more sophisticated and the ability to de-anonymize those hashes is becoming a really readily available.

[00:19:26] Another metaphor. I'll hold on that thoughts, do you agree? Is that. 

[00:19:30] Oh, absolutely. Yeah. There's there's a lot, there are a lot more people looking into this that are working on tracking these things that are actually keeping off-chain databases of who these who some of the more prominent wallets are.

[00:19:42] It's even hard to, it's becoming hard to even think that you could move money around, even if you were able to to somehow, get a hack in there. And once you, if you have a sizeable amount, people are going to be able to track that forever. Most of, I think all of the Exchanges require some sort of a KYC element where know your customer, so they you've got to register your real name.

[00:20:07] So when it comes out, when it comes out of crypto and into, real-world currency someone's still got that that isn't necessarily public, but up until that, Anyone can see it. And after that, it means that a, a company that reports to the sec can see it. There's not a lot of privacy here at all.

[00:20:23] There are more companies working on privacy solutions for various layer twos. I don't know enough about those to understand how that's going to completely solve the anonymization. Yeah. 

[00:20:36] Yeah, I've seen a lot of these sort of privacy and privacy platforms come out there and it will come, the pendulum always swings back and forth, but right now it's really aggressive between toward everything you do is very public, very find-able and quickly accessible.

[00:20:48] The other metaphor I have is to your point about the, can I see all of your assets? If somebody knows your address and your sort of IRL address your house or your apartment, they can look up. Certainly where you are, where you live, the average zip code income, they can look up if you had bought it and you can find the housing record of that.

[00:21:06] They can find your information that way, but they, it stops there, but there is information associated with that address that, there's a reason why some people are like, yeah, I don't want to share that very readily, but it goes even beyond that, because then you could say, yeah, I could see all of your crypto holdings.

[00:21:21] That is an isn't true. I will say if you looked at, either one of our wallets, for example, you would certainly see a stupid amount of horses and an amazing amount of art on your side. But there's also a lot of stuff. I have randomly staked places like I have just skittered about, cause I didn't want to put everything in to my main wallet and you'd have to know where to go to unlock.

[00:21:40] And you don't 

[00:21:41] see 

[00:21:42] staked. In your wallet, cause you've technically put it somewhere and, promised on a contract, that'll come back to you. And when. 

[00:21:49] Yeah, that's a good point. And I've actually heard of, I've heard of someone that was hacked while had wildly had something staked. And the hacker had actually written a contract.

[00:21:59] So that one day on staked, the token would immediately go back to the hacker, but they wrote something that I hired someone to write some sort of script. So that, that couldn't happen. But that's an interesting thing. So if you use that word. And then either lose access or someone else gains access to that wallet.

[00:22:15] They can access those state tokens. They may not know where you have stake tokens, and those tokens could be currency or NFTs, but I'm like a 

[00:22:24] squirrel. I'm like an internet squirrel. 

[00:22:26] Know why I still look at yeah. That is a good point there where hidden things.

[00:22:30] But you could see at least where you've sent various various FTEs or various tokens, you'd have to somehow. Filter out the ones that are just valid transfers to another wallet from those ones that are just being staked somewhere. So you'd have to know that the wallet is a staking wallet versus someone else's personal wallet.

[00:22:47] So yeah, that does make it a little bit harder to track everything. And as we've talked about, almost everybody in crypto has at least a couple of wallets, if not three, four or more. And so I, I. It's a little harder to track everything, I would say. There are ways that you would be able to see see maybe related wallets.

[00:23:07] If you see that there's maybe free trade, free NFTs being passed between the two or just a lot of transactions between the two wallets, you could certainly link those in that way. And there are tools we've mentioned some tools out there with tornado cash is one that helps to anonymize.

[00:23:24] Transactions. And I would say that's really best if you just want to anonymize it for your own for your own sake on the web it's still going to get back to you in terms of any kind of, 

[00:23:35] can you Tornado Cash, NFT? 

[00:23:36] You can set up a new wallet and then just buy the NFT with that.

[00:23:42] New wallet that is essentially not tracked to you. In this case, you maybe would send one Eve into the, into tornado cash. At some point you take it out to another wallet. That never is that from directly from a tornado cash. So it never is tied to your original wallet. So there's that hundreds or thousands of these transactions going in and out as long as it's a small amount, 

[00:24:03] but then by that NFT, 

[00:24:05] You will, if you buy it from yourself, you're gonna, you're gonna have that tied to you in some way.

[00:24:10] I guess someone could just think it's a, yeah, I guess someone could just think it's a, the distinct buyer. Although if they hold just one NFT and maybe one purchase, it's probably a pretty, that to me would be a good sign. It's a related wallet. I'm thinking that you could do things if you just want it to be.

[00:24:26] To start a new wallet and not have people necessarily track it. At the end of the day, you're still taking it out and I, it's not good for trying to avoid any taxes or anything like that. Definitely not saying that. And would strongly advise against trying to use it for that. It would really just be for the personal.

[00:24:41] If people know that it's you or not, and I could see people wanting that sort of anonymous activity not everybody wants to go on, crypto, Twitter and brag about their NFP purchases. There are a lot of people that really don't like to talk about what they're purchasing or to have people know what they're purchasing.

[00:24:58] So I could see that there are people that want that just for that reason. 

[00:25:01] Yeah. It's a good warning. I feel like there, there are some percent of people being like, oh, there's no way the government can tell that's my wallet. And you're like, boy, you're wrong 

[00:25:08] on that? Yeah. Just because they haven't found yet don't mean it not coming.

[00:25:13] Absolutely. Like we said, that, that case from six years ago, just imagine the tools that'll be available in another six years. And 

[00:25:19] guess what? They'll make the statute of limitations as far 

[00:25:22] as they. Yeah. That'll change if necessary. Don't worry how there's always a way. 

[00:25:27] All right, Andrew. Thanks.

[00:25:28] I think we've really bounced it around a good amount. Thanks for sharing. See out there. 

[00:25:32] All right. Bye George. 

 

 

Read more

WEN are the masses coming to NFTs? | Project: Peacefall

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Friday Mar 11, 2022

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Affordable project Theme discussion

 


Transcript:

[00:00:00] Today on all about affordable NFTs. When everyone going to come talking about whether or not we see the rush of people coming, or the trickle of people coming in the world of NFTs, as we jump into it, Andrew, what are we seeing in the.

[00:00:20] Yeah. Maybe along those lines of when is it from coming? It's been a little quiet in NFT world.

[00:00:26] In terms of the volume lately, looking at the trends we are, getting it to some are getting back some pretty low points we haven't seen in awhile. So both in terms of the number of transactions and the volume out there with that being said, it's a long ways or a whole lot more volume than we saw a year ago.

[00:00:44] When you put it in that perspective, we are up up a long ways from there. And we'll get into more of the the discussion of, where we think it may be going or the trends that we see anyway, going on in this conversation later on, but in the news we've got we've got the big executive order that came out this week.

[00:01:01] Have you had a chance to dig into that at all? George.

[00:01:04] I basically heard that there was a bit of a slip and accidental published before it was time that guess what the internet caught on the white house gov site, where, there was a statement put out there about like how they were going to take a measured response to crypto and it was immediately taken down, but it was like this weird.

[00:01:22] Oops, we didn't mean to say it, but that's what we were going to say, but now we're going to say

[00:01:25] it. Yeah. I guess the cat was out of the bag. That was what was coming out. So it wasn't it wasn't like it was incorrect information, but it was leaked a little early and, believe it or not there a lot of eyes and maybe bots watching the the white house site.

[00:01:39] So that got out quickly. There's. I think we were in fear that there was going to be a lot of crackdown, a lot of regulations coming. And I think this is pretty positive for the the crypto and NFD community.

[00:01:51] I think this is tremendous, the positive. And you saw the, and initially crypto markets respond pretty aggressively in the positive side being like, oh, okay.

[00:02:02] There's no immediate. And this, this tends to mean that if we can predict the near future, we can continue to proceed in a reasonable fashion in the way we were. So this is, I thought, fantastic news coming off the tails of where I felt like we were the other week, looking down the barrel of what is the sec poking around and about.

[00:02:20] New blind rules about obviously some of that's still out there, but overall you also see the U S government starting to talk about a plan to make a committee, to make a plan, to make a thing for a potential crypto dollar which, it's not exactly about to drop tomorrow, but there is adoption there's conversation and there's comprehension that's coming with it.

[00:02:40] And I think that's good.

[00:02:42] Yeah, certainly good to see a, welcoming attitude towards crypto. A lot of people were fearful that it was just going to be a, almost an all-out regulation battle that would really hurt the industry. And this this provides a lot of certainty and I'd say a lot of optimism for the for crypto in general.

[00:02:59] I wonder, I guess maybe some of it is related, but there has been over 80 million donated to directly by a crypto to Ukraine, Ukrainian attract wallets over this period of time. So it was like a way of submitting, like literal dollars, that far outstrips what the UN has sent or what NATO has sent.

[00:03:18] And, there is certain power there on the other side of that crypto. I was, oh, we're hearing some of the concerns of, Elizabeth Warren using narratives like, oh, Russia is going to switch to Bitcoin. Like they aren't, that is not a thing because they turned off swift. And so I wasn't sure which narrative was like louder in the halls of the great white house, but it seems like again, good news for what we can tell from that and leaked enough.

[00:03:48] Yeah, absolutely. I think there's gonna be a lot more crypto in politics coming into play. I certainly don't know enough about it at this point, but there's a lot more that's going to happen. And I think it's going to become a much more prominent issue. But moving on to some other news, we seem to have NFT marketplaces popping up all over the place.

[00:04:06] We've talked about how. The NFT marketplace is really are the whole ecosystem really dominated by open. See that's where most of the transactions happen. We do see some other marketplaces out there. Now. It seems that all sorts of other companies, whether they're crypto native or even web native are at least announcing that they're going to have their own NFG marketplaces.

[00:04:30] I'm sure they see how much open sea is doing. And are very excited to get into that themselves. We've got Adobe. They're going to be they've got a new partnership with polygon where their platform for designers will allow people to mint directly from the platform. We've got SoftBank coming in and we nailed it that they don't do things small.

[00:04:51] So they've got an NFT mall plan. I don't know exactly what that means. There's not a lot of details, but It is something when SoftBank decides to come in, they do tend to throw a lot of money around

[00:05:02] and a hot new update from the Coinbase NFT marketplace. It's coming soon as it has been for all the months.

[00:05:13] So still I thought that was going to be in there and I was looking at the list you made. And I was like, oh no. Oh,

[00:05:17] it's all these other things. And I don't really believe the money. These are going to be much of anything. We've got Limewire coming back. I don't know. There's said that they're going to fix a fixed fees for content creators.

[00:05:28] This is from. The original or one of the original brand. I don't know why that they would, they think that they're going to be better than

[00:05:37] we may have one international audiences and also young audiences that don't know what Limewire is. So why is that?

[00:05:45] Oh man. Limewire was one of the original pirating softwares for pirating music, sharing music.

[00:05:51] But we know it was mostly pirating music back. It was one of the ones that came out shortly after Napster. I believe, look up what Napster was. Napster was somehow able for him to transition into a a real company. I think they still have some subscriptions for music service, but Limewire, I don't believe ever had much of anything.

[00:06:07] And for some reason, the brand is being revised. As an attempt to be a music and Ft marketplace some other ones out there and get the USFL. This is a new league launching, I believe this spring, or maybe next spring. I don't know why they have to have an NF and NFG marketplace before they've even launched a league.

[00:06:27] But apparently they seem to think that's necessary. Then we've got recur which actually has raised 150 million in the past couple months they are launching an NFT marketplace for collegiate sports. And I do think that's a. That's interesting because collegiate athletes have just recently been given the ability to to how to monetize on their likeness, that they have their rights, I believe the other yeah.

[00:06:53] So they don't have to give all

[00:06:54] their money to EA games and the NCAA.

[00:06:57] So it is interesting that there, there could be an opportunity there. I think that's that one is one of the more interesting ones that is really cool, because that would be dog rookie card. You want to get the like LeBron

[00:07:07] James rookie card.

[00:07:08] I guess when

[00:07:09] that would've been, that would've been maybe in high school, he could have done that. And all

[00:07:12] of our shows like immediately the wrong guy Steph Curry,

[00:07:17] he played in college. He went to NC state. Yeah. You could ask your NCS. I'm sure he played in high school as well. It's unlikely to just walk down in college,

[00:07:26] hypothetically like that.

[00:07:28] That's fun. Like you get and hold somebody. And like in, later in their career it suddenly becomes a thing. Okay. I was about to just turn on my nose. I'm going to check that one out.

[00:07:37] Going through it, that's the one that I think may be somewhat interesting. I think there's, a lot of money coming into it.

[00:07:41] I don't think that there's necessarily going to, I think that a lot of these projects may. Meth may never see the light of day to begin with, but they like putting these up PR announcements out there. It could be PR out there. Yeah. It could be taking their own company by surprise at times, all right. Who's going to be in charge of that now that we've put that out there, we'll see what happens. I think that most of them will not come to fruition,

[00:08:03] safe bet, but interesting, more onboarding and alrighty, affordable project. You ready?

[00:08:10] What do we have here, George? So I dropped this

[00:08:13] into discord and it hasn't officially come out yet.

[00:08:18] And there's no public mint. The men's is going to be announced in March. We are firmly in March as we're talking to you here. I'm pretty sure I saw mint note of around 0.1 somewhere, but I'm not sure. It is called peaceful dot X, Y, Z. And what I heard about it from a thread in song a day about, and basically this is created by the artist who did double dragon, so old NES Nintendo entertainment system.

[00:08:48] The artists that did basically all of that Koji. Did all of these like little characters. So they got that like pixel look, but like the Nintendo pixel look that gives you from nostalgia in it and this like little fighter activity mode. So there are going to be a game that's going to be played with a are gonna drop 8,100 challengers.

[00:09:11] They're calling them. And essentially it's like a little bit like, as I understand, like chain face arena, if you remember that one. You enter in your chain face and like it competes with other things. And then it gets scars. Except you're not going to fully lose it like chain based arena. It'll be advancing the imagery of the game.

[00:09:27] So they actually have sort of example, evolutions of if you win your battle based on, if you chose the right attack to enter it into a battle it seems like there's gonna be a few rounds and it's going to have a finite period of time, at least for this first one. And there is a a legit agency behind it.

[00:09:46] So they're definitely doxed. They know that they're not affiliated with double dragon or any S to make that clear. And yeah, I don't know. What do you see?

[00:09:57] I'm looking at the site right now, and I noticed that the artist is actually the original double dragon artist. So double dragon. I remember that game from from the NES.

[00:10:07] That's pretty cool if they actually have that artist involved. I love the art on this end, the animation on these little characters when you load the the the website here is pretty cool too. Curious when this actually watches, not a lot of details on the site actually. Oh, there's one.

[00:10:22] Yeah. Normal stuff, nothing clickable on this site. A little surprising things that are underlined.

[00:10:30] Let's be clear.

[00:10:31] Yes. I do see a couple of things. There are a couple of, there's a double dragon Wikipedia link for those that are unfamiliar with the S with the game let's see that came out in

[00:10:42] Four or something like that. So yeah, maybe, not on all of our listeners per view, but it's an interesting project. I'm curious to see why some of these products, it seems like there's a handful of projects being delayed right now and, maybe due to some of the market conditions.

[00:11:00] But also I'm hoping that it's a little bit more of a. Teams being more prepared to launch with a product ready to go, as opposed to maybe launching and then delaying things over and over as we've seen from some projects. And I can read village is one that we've certainly talked about a handful of times and we're still awaiting things there.

[00:11:19] I'm going to look into this more and I'm excited that they aren't rushing things along too fast and are taking their time a little before. And hopefully we'll get this minting and. Yeah, they

[00:11:30] noted that they changed the name to piece fall actually after Russia invaded because their previous name had something like a war title to it.

[00:11:38] And they're just like, we're not doing it. Oh, Warren peace, a reference. And there's yeah, we're not doing this. So they changed names. So they're probably going through and change another assets to the drop. So they're trying to be I guess culturally sensitive, the current discord only has 845 members.

[00:11:54] You'll be getting one of these, if you want one of these, as of right now and we've got, again, the white list, a link, I can't find it on their thing, but it's an artist scored. So come on over join our discord. We'll find that say hi. All right. Onto the thing.

[00:12:11] On Dorothy, George, what do we have here?

[00:12:14] Okay. When is everyone going to come and play with the NFTs? The question being, it felt like I will say personally thought that the super bowl was going to be this huge mad rush. My joke about Coinbase NFT market, like I was making actual decisions based on that. I think, it was like, oh, here's some like projects that are like, Prime for, it might be on the list.

[00:12:39] I was looking at what was going to get listed on Coinbase entity. I was like making decisions about it and it, hasn't come. And even when it comes, here's the thing being the Coinbase entity marketplace. I don't think there's ever going to be a

[00:12:54] just flood of people that are just

[00:12:56] like, oh my gosh, it's here.

[00:12:58] I think this is just a slow burn over time. Do you agree?

[00:13:02] I think that we're, I think in general, or we see big onboarding periods that are. Mass adoption at the tiny, somewhat mass adoption at the time, my ambition and say mass adoption, but a big adoption events. And otherwise it's a slow trickle, and I think that's generally going to be the base of things.

[00:13:19] I could still see Coinbase coming in. I think that's going to bring a lot more activity, when looking at the number of active wallets over time, we really peaked let's see, in. It's really just February of this year. And it's so far beyond what we were doing last year.

[00:13:35] But there are really two times that we saw huge adoption. It was from, it was really in August of last year. We nearly tripled the number of people that were a number of active wallets in the time. Maybe even quadrupled, if I'm looking at it, went from maybe 10,000 to over. Over 45,000 at that time active wallets.

[00:13:54] And then, there was a somewhat low in the fall. And then again a huge number back of wallets in January and this one ran maybe more through through the end or through mid February. And that really took us from about 50 ish thousand up to Let's see maybe around 80,000 active wallets, we're now at this point, we're down to maybe 55,000 or so active wallets on a daily basis.

[00:14:19] But that's still a whole lot more than we were at a year ago when we're talking about maybe 5,000. So we've got, 10 X in that time, but there were really two periods that saw most of that growth. I think that's probably going to be how it goes. We're going to have big events that get a lot of attention that bring more people in.

[00:14:38] I think Coinbase is still likely to be one. I don't know why it's taking so long, perhaps even the executive order will help provide some clarity for them. Maybe that was holding them up somewhat. I hope that we start that soon. And I could see that being a pretty big another big adoption phase.

[00:14:55] Yeah. According to pew research, they released that in in November we talked about it, but 16% of Americans say they have crypto, right? They have crypto holdings in some way, shape or form like 16% is far from the majority. And that's just the United States. Which you'd imagine being a bit of an early adopter on this, as well as having disposable income to invest in this and based on other, like other things that I'm looking at.

[00:15:23] And says that only 20% of Americans are familiar with NFTs according to this report. And other surveys are only showing like 4.6% of men. And 1.2% of women stating in certain surveys from marketplace fairness that they actually own in an NST. This is real small. And I kept thinking that it would be.

[00:15:44] A bunch of people would realize how fun this thing is. And come in at, like it touches gambling markets, it touches gaming markets, it touches art markets. It touches community markets. It touches attendance of events. Be it sporting or music. It's it just, I thought every time it touched a new market, it would bring in a larger percentage of folks.

[00:16:06] I, I feel and think that the onward. The pathways of moving Fiat to actual usable currency inside of a wallet that you own and control is hard and confusing. And I'll tell you what that friction until that is solved. That is the thing that will keep this at a trickle.

[00:16:30] Yeah, I agree that the adoption is definitely slowed by.

[00:16:34] Yeah, how difficult is to manage all this right now? I think there's going to be a lot of improvements in that area. We're definitely seeing a lot of, I've noticed a lot of investment happening in the NFT space, a lot of wallet investments, other than a couple of big announcements lately.

[00:16:49] In general, I noticed that there's a lot of. Investment happening which means people are building. And I think that it's going to become easier and easier to onboard people when these. When these on-ramps become easier and you don't necessarily have to have all of this technical knowledge nor have to take on all of the risk.

[00:17:06] That's out there. We've talked about all of the scams and the risks and all the just general user errors that are pretty, relatively easy at this point to run into. And I think that we're going to see a lot of solutions for these problems that will make. Make it a lot safer for people to come into the space.

[00:17:23] Right now, for example, on Venmo an app that lets you do payment to friends, you can technically buy for zero transaction fees, cryptocurrency. Now, whether or not you can send it and move it to wallets. That's a thing, but you're waiting for groups like PayPal and square and Braintree, these API APIs that would allow any project to allow people to honor.

[00:17:45] Themselves on a local project and figure out the wallet from there or have that ability. I think that's, that's going to be a big key for making part of this transition, but the problem is until that happens, I have. Feeling that I had, I used to play. I used to play online poker. And one of the things that happened, this is like a couple of decades ago.

[00:18:07] One of the things that happened is that over time more and more good players kept coming in to go after the easy money, but soon, very quickly the rooms got harder and harder to win it because if you play against good players, you lose. The game, actually, when you're playing a cash game of poker is to find people that are not good fish, if you will.

[00:18:30] And I'm getting that feeling a little bit where there's not as many projects, just like randomly pumping and going. And it's more of it's like, all right, it seemed like much more coordinated, tactically done and maybe driven by. Like collective strategy to drive up some of these things, or it's just all hype on one project and then run to this next one.

[00:18:50] And it's like the one project, as opposed to, it felt a lot easier to throw a dart and win. I'll say six month.

[00:18:57] Yeah, I do think that the market has changed a lot. We've talked a little bit about how it seems like one or two projects will get all of the attention and it just rotates around a handful of projects or maybe not even a handful.

[00:19:10] It rotates onto the next project. And it has been somewhat difficult to find the sustainable projects. So I think the market has changed. I think we're going to need to see a lot more real-world utility. We've talked about how these roadmaps are often rather unsubstantial or don't have a lot to them when it's just merged and maybe a in real life meetup, I, that's not going to sell a lot of people on buying some cartoon some JPEGs for hundreds or thousands of dollars.

[00:19:40] I think we're going to need to see. Projects that are making use of these. In other ways, we've talked about some projects that use NFTs as the key to the software. You can get access to it by holding the NFT. We've talked about how some talked about some in rural world adoption is happening.

[00:19:57] I think we need to see more of that. We are also seeing, as we talked about earlier in this episode, a lot of new marketplaces try to pop up. We are seeing a lot of other chains take different activity. When I was going through the the number of active wallets before it is important to remember that we're not just seeing activity on the Ethereum wallet or on the Ethereum chain.

[00:20:18] And that was essentially the only place where NFTs were a year ago. We've seen all sorts of. James get an F T activity. And we've seen avalanche, we've seen, probably gone. We've seen optimism, a lot of activity happening on all the other chains and it's not all being accounted for. So I think some of this is that it's dispersing a lot and we're not going to be able to count this equate the same way or measure it in the same way that we that we can with the Ethereum activity.

[00:20:46] That being said, I think we're, it's still a, it's still probably a good measure of the marketplace as a whole at this point maybe that changes at some point when a law, when most NFT activity moves to a layer two.

[00:20:59] Yeah. You're just playing against a smarter. And some respects.

[00:21:04] So maybe the second order effect, is that more of these? There's only so many times that someone's going to launch another 10,000 PFP with no backing, no real artist or art and expect to win. I think you'll see the it's just, supply demand of you show better ideas to show better utility.

[00:21:25] And so I think we're in that phase. Guess what if the market on the buy side is not seeing that kind of utility and that value, because you're talking to the same, what 360,000 people. And we like seeing it now, like you're not able to fool that same group of people continuously with derivative after derivative.

[00:21:44] And there's a group of people that have been burned a number of times at this point. I think if you have here's what. If you have been collecting for at least six months, you have been burned or rubbed once. Agreed.

[00:21:57] At least once I think it's more likely than it's more than,

[00:22:03] oh boy, that's a tough one. That's a good point though. I think the market has matured a lot and is more more skeptical of some of these projects. We saw a lot of scam activity among projects and a lot more. There's a lot more people working on calling these out. And I think people are. Somewhat more apprehensive, but also we're knowledgeable about the fact that there are a ton of scams out there and you should not just jump to mint, everything that does slow the momentum though, when people see that.

[00:22:32] So it changes how things are, how, I don't know how things are going in the marketplace, I would say.

[00:22:38] Yeah I would I would say it's a weird time in a very different time than one year ago. Jumping on. To it, but I think there's always a, there's always upside also, if your aim is low, so it's easy to onboard at a decent value.

[00:22:49] I think this game gets weird when Ethereum starts to pump and go up at some point, and then you're like, Ooh, everything is incredibly expensive. If you're not a crypto.

[00:23:03] Yeah, absolutely. But yeah, gas is extremely low. Now you should maybe get into something you, things you should do if it's going to stay like that.

[00:23:09] Huh?

[00:23:09] Teaser next episode. All right, Andrew, you're talking with you. Good team. See out there.

 

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