Rollup: bitcoin ETF hype, Ledger Recover relaunch, airdrop season and Circle gas station

27 Oct 2023 · 1:07:20

Jay Hamilton and Kyle Reidhead open with a long market watch on the Bitcoin ETF narrative, Bitcoin's decoupling from the Nasdaq and money rotating out of alts. The weekly rollup then covers the Ledger Recover relaunch and backlash, the Arcade airdrop, a Rainbow airdrop tease, Circle's gas station, the friend.tech contagion and the MEME token fire sale.

Speakers

Topics

Transcript

GM GM welcome to web 3 Academy your one trusted source to capitalize on the next big phase of the internet don't get caught in the hype cycle I'm jird joined by my co-host Kyle reidhead and we believe that Bitcoin is going to change the world that's why we're carving a path for doers to confidently build and invest in web 3 Jay the new Bitcoin Maxi coming in here hot and heavy today's going to be a great one guys I know you're all excited for this one we finally had a move in markets and it feels pretty good doesn't it there's a little bit of energy here so we're going to talk all about that we'll talk about what's happening in markets right now we're going to spend a lot of time on the markets actually ETF stuff price action just the whole the whole Gambit

so we'll cover that and then we're going to get into Ledger recovery is back they've relaunched is this a good thing is this a bad thing a little contagion going on in prch a little fun there so we we'll talk about that airdrop season you want to get some free money this is the season to do it I guess there's arcade there's preny rainbow wallet and a bunch more and then some Innovation stuff circle is doing some really cool stuff to basically remove gas from from users which we think is awesome and then some things happening on the Android side where we can actually get our apps on the Android what's is the Android store go Google Play Store yeah I've never had an Android or a Google phone so it's bit foreign to me but they're really making me want to change my mind

on this because we can get some big apps in there and there's a big one launching that we'll talk about uh and then of course so much more after that but that's the gist of today it's gonna be a great show I just feeling feeling good like The Vibes are back like we're back baby everyone's excited sentiment is high right now and not only is it high because prices are pumping obviously that makes everybody feel good but also there's just so much that I feel so prepared for the next Bull Run I don't know if this is the start of it or not but whenever it comes like The Innovation that's happening in the space on the consumer side on the protocol side on the infra side it is setting us up in ways that I don't think people fully realizes for use cases that are so

far beyond what we can even see right now completely agree I actually woke up this morning with a bit of fear in markets and I'll explain why so but it's great to hear your passion and you're excited right now it's it's labing me back up as I drink my coffee morning let's s all the market section let's start with some gratitude before we get into uh into the market watch what's going on make sure everyone's confident in their Investments Kai what are you grateful for today I mean I'm grateful for just some green candles we've had like I don't know seven eight green days in a row and we have not had that in like I don't know forever and like look sure it's great that okay our bags are up in price that's less of it

it's just like we talked about it's the energyy is back people are excited there's a bit of energy in crypto again the summer was exhausting there was nothing to talk about no one cared and finally there's just like a little bit of Hope and it feels good and whether it lasts or not I have no idea but it feels good for for a little bit so I'm going to embrace it as long as I can so that's my gratitude yeah I'm I'm grateful for the pump as well and you know how you know crypto is pumping is I got a text from a buddy two days ago and he says how do I buy Bitcoin in Canada I was like okay like [ __ ] I got to sell I got to sell here we go that's exactly what I said I was like Oh no I

got to sell I was like oh you want to get in I've been telling this guy to buy for a while right friend of mine and obviously he didn't buy and then he saw everything rep and he you know saw the news and he's not deep in the markets at all he's not in crypto at all and he's you know now asking me to buy so now we've been going back and forth on when he should buy and I'm like I'm grateful to be that guy for my friends but it also brings a lot of pressure on I just G to say I'm like you know dollar cross average man I'm not able to time the markets yeah no no absolutely before we jump into market watch quick update on the onchain gift shop lots happening over the onchain gift shop shout out to last week's winners three winners hza

Crypt shrimp candy you guys are our three winners check your email we're going to be sending you guys a prize one of the prizes last week was a $500 nft well that's the floor price of this nft this is from hash verse friend of the show if you don't have a hash firste character setup if you're not playing that game go check it out not only is it a fun game it's also a way to learn Defi and learn how to trade and now we are in week three of the onchain gift shop we got great prizes again this week we have Zen chess from Zen Academy which is a nft that you could decide to burn if you want into a Denny Zen or you can keep it as a Zen chest because maybe you believe that you might have a rare and the value

will go up over time we also have an over priced gin nft this is a redeemable nft you can redeem it for a bottle of gin and we have a web 3 Academy onchain hat so you can make sure you're repping on chain wherever you go great prizes all valued over $50 as zester almost $100 in value each so great prizes this week all you got to do is collect the web3 academy newsletter every day it is now free to collect you can collect today's you can collect any newsletter over the next week each time you collect you get an entry into the raffle and yeah May the odds forever be in your favor good luck everybody some sick

prizes this week that's sweet I got an opj and I the overpriced genin I can't claim it though because I'm in Canada so I can't get the Gin here unfortunately so I don't know what we would do with that we feel bad for the Canadians it's a tough life up here all right before we jump into market watch and make sure that you guys know what's going on we just need to take a minute to here from our sponsor modern newsletters are built on paragraph that's right paragraph is a brand new newsletter platform that combines the best parts of web 2 and web 3 to supercharge newsletters for both writers and readers build a community not just an audience paragraph uses blockchain Tech to allow readers to

collect and own the words that matter to them this takes reading a newsletter to the next level with paragraph readers can mint collect and show off quotes from their favorite newsletters this opens new possibilities like creators sharing Revenue with fans I also love their new feature paragraph AI this integrates gp4 natively in paragraphs create edit and improve your writing effortlessly with one click and guess what we at web3 Academy are on board and have already moved our content over to paragraph We believe this is the future of newsletters because of profan engagement it creates between creators and fans so whether you're a Creator

writer or an Avid Reader it's time to check out paragraph and capitalize on the opportunity of being early welcome back up toober is here and we called it well specifically Kyle you called it Kai what happened this week in the markets why is everything flying up yeah let me break down what's all going on here so last week we had the fake pump and dump news right it was a coin Telegraph or whatever said that there was an ETF approval for the black rock that was not true but what we saw was price absolutely go nuts and I think what happened here was a lot of people like realized oh there's actually some demand here like people when this thing goes

live like people want this so it went up and then it went back down but then over the next week it just oddly started creeping up we were just kind of grinding upwards for the entire week and then the weekend hit and [ __ ] hit the fan and this thing just started going nuts over the weekend but then what happened was and and again I think this was just people sort of repricing going oh the ETF is not priced in like I think that there's some demand here I should front run that so I think that was it but then what happened was on Monday we had it was Eric what's his name Eric ball balunis I gotta figure out his actual name because I literally screw it up every single time but he tweeted out and says that the ey shares Bitcoin trust which is black rocks has

been listed on the D dtcc which is the depository trust in clear incorporation which is basically what clears NASDAQ trades and so it had a ticker it's ibtc and so it doesn't mean that it's live or anything like that but it's just one of the things that you have to do to get started and actually launch your ETF so a lot of times companies will wait until they're actually approved to do this but some that are more confident will just do it you know ahead of time just to kind of prepare because again they want to launch immediately as soon as it gets approved so anyway Black Rock has done that and it's on the site now with what's really funny is crypto being crypto and being a little bit crazy and insane is once this news got out it went super viral on Twitter everyone started

retweeting it and what happened was everyone was going to the website and so the website itself so the dtcc website crashed which is hilarious and it crashed because of bandwidth which is hilarious because no one ever goes to this website nobody cares about this website even Eric Bas was like it's a little bit weird that I'm even continuing to go and like refresh this website he's like no one does this but crypto's just like that's just what we do when the site finally reloaded and came back they removed the ticker and again we don't know why they removed the ticker maybe it was just because hopefully that would make people stop coming to their site so they didn't have to like go get more servers or something to keep the site going so but then everyone started getting off afraid like oh my God they removed the the the

ticker blah blah blah so again people started going to the site again they ended up reading it and so now it's back on so that was like something that started on Monday we also got news that Black Rock is now seeding their ETF what that means is they're actually buying the assets because you need a few of them to just start it when once as soon as you launch and so what that means black rock is actually buying Bitcoin right now now it's a small amount they don't need to seat it with a lot so it's not like they're buying hundreds of millions of dollars or billions of dollars of Bitcoin it's just a tiny bit to actually just seat it and get it started anyway all is to say there is some good news it doesn't mean anything yet it doesn't mean that this thing is

getting approved early or that it's going to get approved at all it's just things that black Arch is doing to prepare and we're sort of taking them out of proportion but like it does lead you to believe that they must be pretty confident if they're already seing it they're already getting out like that takes resources for their team to do it is good news that's for sure so that was sort of the first part that really got things going now we happened to call back in December 13th October or sorry yeah December October a certain I put out a call on Discord to our Pro Channel and said hey I think like my Spidey senses are tingling I think markets are about to explode to the upside this is your first warning and then again on the 19th of October so last week we put out

a pro report and I explained everything of why I thought this was going to happen now what's crazy is if we look at some numbers if you're listening on the podcast this might be an episode where you want to actually just check it out on YouTube because we're going to explore a bit of charts and things on that I'm sharing right now but we can see that on on bitcoin in the last week we've gone up 21% in the last month 30% and then year to date we're now up over 106% so it's pretty wild we went from about 28,000 last week up to we're now sitting right around 34,000 it almost hit 35,000 so a pretty big increase eth has lagged a little bit but obviously still done well up 14% in the last week and 50% now year to date salana the biggest winner so far actually up 35% in

the last week 63% the last month in 177% in the last like year to date now it's because when they had their big crash it happened to be right at the end of the year so it's a bit skewed to the numbers I mean if we look at the year for salana it's 2.4% in the last year so it's not as good as Ethan Bitcoin but it just it kind of seems like it's doing really well so anyway we put up that call things look really good I would say here's the thing that is weirding me out and why I woke up this morning going uh I don't feel so comfortable about where we're at right now if we look at this chart this is the chart of the total crypto market cap and what it's showing is that the crypto total CTO Mark cap

has not actually gone past its local highs that we've gone to this year two other times previously which what this is tell you is is this really a lot of demand coming into the crypto space or is this just people leaving alts and moving it into Bitcoin mainly and also like repositioning into maybe some salana as well and getting rid of kind of everything else because we're not actually up over highs that we've been at twice this year even though Bitcoin is at its all-time highs right in same of salana so it's a little bit like is this just people repositioning or is this actually new demand coming to space because ultimately we need new demand coming to the space now for those that are not pro members that didn't read my Pro report the reason that I wrote that markets were about to move is because I

was seeing one a little bit on the technicals it looked like we were going to shoot up and so that played true but it was more in the sense of macro so I thought and I still think that inflation continues to come down especially core inflation and so I I shared a bunch of charts on like why I think that's to happen now there has been no inflation announcements that doesn't happen until November 11th so that's not moving markets right now because nothing has changed since I put this out the other thing was um around unemployment which I think is going to go up but again no data has come out on that yet so there's no change from last week so those are more like month-to-month things not daily and weekly things so those two things were the big base case that I had

and there's just been no new data on that so that's not what's moving markets macros hasn't changed a ton there I did also say oil probably comes down which actually if I go to the Chart here oil is beginning to come down so like we've done okay on that one so that's a good one we need oil to come down that's again that's a thing that helps with inflation but the real weird part in the in the markets right now is bonds and this one I'm not going to get in ton into because it's all confusing it's all messed up right now but basically I also thought that Bonds were finally going to turn and this is because the technicals that I put in the Pro report they actually haven't they've actually gotten worse and so my assumption and my prediction was crypto is going to go up

Q4 which I still think it probably will but so will tech stocks NASDAQ S&P will also go up with it what's happened over the last week is actually crypto has gone up a ton and I can pull up this chart here to show this so bitcoin's gone up like crazy but the NASDAQ and the S&P 500 have actually gone down because bonds have gone the other way and so markets actually look worse a lot worse than they did last week when I put this call out I thought it would be everything Rising together and right now we're at this weird situation where crypto has gone up a lot the nasck and tech stocks have gone down like Tesla got wrecked like 20% Google which even beat earnings is down like 10% like the big stocks the ones that just don't have

not gone down all year are getting crushed right now out of nowhere so it's a little bit weird and it's because people are afraid that like things are starting to break in the system Bank stocks are about to get crushed again Etc so where I'm kind of at right now I'm just kind of sitting here this morning and I was like it feels like we're at that you know the Wy coyote where it's just like runs really really fast and then all of a sudden he just stops and he's floating there and then he just looks down and he's ran over the edge and there's just nothing below him and he just like crashes so like we're either there because it's so weird that crypto is the only asset in the world that's got up in the last little bit here everything else is like just

falling apart in the last four days and all of a sudden crypto's just ripped and so either something has completely changed which could be or we're with a Wy coyote and we're sitting here going what just happened and there's nothing below us and we're going to go down I I don't know I can't say short term I still very bullish I still think Q4 we end up on top both in crypto and in stocks Etc we're just in a very weird spot in this current very like current moment so short term I'm just a little bit weirded out that's kind of what I'm reading into right now but anyway maybe it's just a change would this say then to you that this short-term pump that we've had this past week is really just

the result of the ETF speculation and people feeling like it's not priced in and so a lot of people jumping on board saying okay let's as you said let's front run this that's exactly I I so it's funny what I'm saying is the call that I made some somehow we still went to the upside and it worked but it didn't work for the reasons that I said it that's what I was G to say which which which necessarily A Bad Thing This Could Be what this could mean is okay there's room for much more growth which I I is my base case still I especially by the end of the year I think that that's absolutely true I think we've basically repriced some of our Assets in the space as a result of the ETFs coming Bitcoin e ETF is coming as well there's a lot of hype around what Salon is doing

which we'll talk about later and so like I think they're kind of getting repriced I just think it's for a different reason what I was saying and so either that repricing goes back to where it was as a result of macro or macro does swing like I say it's going to or like I think it's going to and that's when we really start to lift off so my my main thing my main point right now is I don't think it's game on like let's go full on risk yet and part of the reason I say that is ethereum has lagged a lot versus Bitcoin which generally tells you risk on is not there though the weird thing was I woke woke up this morning and eth pumped over everything else so if you look at the Bitcoin eth the Bitcoin eth chart the ratio eth has just been getting crushed

and then all of a sudden it's up 1% today and I was like wait what why is eth up so much and yet Bitcoin and Sal were actually down that's a case some weird things are happening in the market right now but if you look at this line so anyone here that can actually see the chart in terms of like technical numbers this like. 52 area is very important it's basically like there's a lot of like resistance SL support here so generally it should if we're in Risk on this is going to go back up here it's not going to go lower than this if this goes lower than this it's shooting down a lot and bitcoin's going to completely take off for E this doesn't mean eth goes down by the way it just means Bitcoin goes up a lot more than eth we'll see where that

goes but right now it's holding strong there so again we're at some very like critical points in a lot of different things in the markets in crypto specifically and then also just in the broader markets yeah and I guess what you're saying is that the hypothesis that you put out last week in the Pro report still stands it's just that that is not what caused this pump because all indications say that this was all caused by the ETF speculation which would make sense that this was caused by the ETF speculation because we saw what happened when coin Telegraph put out the fake news so it pumped and came back down when everyone real the fake news well it makes sense that now that everyone thinks it's real news even though it's still speculation that we're going to

have that rise I guess the thing that's hard to know is does this stick or do we come back down before game on again correct correct because like if we look so the other chart I have up here is the US dollar generally there's a chart I don't have it handy but there's a chart where every time the US dollar goes down Bitcoin goes up and crypto goes up right so like as the US dollar becomes less dominant or less important then obviously crypto as they sort of like hedge against that it does really really well we've been in this sort of like US dollar bull market for a little while and especially since the summer the US dollar has just done amazing versus every other currency in the world and it looked like it was finally starting to

come back down right and then just the last few days I can't even zoom in enough on this it's just rocket it up again and so that's a part of that and then bonds are what's bringing down Tech like if I go to the NASDAQ nasdaq's had just a terrible couple days look at all that red right and so we again when I made this call was here we thought okay we're going back up we've hit the bottom twice in a row along the same side here and now we're going to rip back up but we've actually now reached lower lows on the NASDAQ which we hadn't done since when is this you know back in September I guess but really we hadn't done it since back in August so the lower lows is a bit scary on the NASDAQ that's not what we want to see well and I guess the

other Factor here is you can't not pay attention to the crypto Market sentiments right now which has just gone way up all of a sudden and everybody's hyped and not just people in the space as I said I'm getting texts from friends who are out of the space who are interested and especially when NASDAQ and S&P are going down and bitcoin's going up that's gonna a lot of news news media are going to cover that so I don't know if that greed is a what what the impact of that greed is and that's a good thing or a bad thing in the short term it makes it more volatile typically at some point crypto is going to decouple from the rest of the markets we have been attached to macro to basically Tech STS for a long time now at some

point it's going to decouple because it's a whole different Financial system right so like it's some point it needs to decouple so you you Bitcoin which digital gold and it's sort of not I want to say it's follow gold but it has it it's obviously done way way way better but it's meant to be that store value so it acts differently then you have your like Tech side of what Bitcoin is and what ethereum is that's just follow of tech stocks that's some point it's got a decouple which it completely has this last week like was that chart I just showed there you've got I mean eth or sorry bitcoin's up 104% this year I mean the nasdaq's up 31 S&P is up almost 10% but in the last week Bitcoin it just jumped I don't even know like 30% almost and the NASDAQ is down a good like five%

and same with the S&P which is like that's unheard of so it's a weird situation but what we don't know is it's too early to tell if this is going to stick correct it I what no surprised on the strength of Bitcoin and I mean crypto in general in the last couple days it's I would have thought okay pump on Monday then oh wait nasdaq's going down on Tuesday okay we're heading down to and it has held up and if not it's even gone up a little bit now right now we're fighting I think the what's Bitcoin at it's just under 34 and then E's down now it was up over 1,00 this morning and now it's down a bit small numbers it's not a huge deal but we'll see if we can hold what do you are really important yeah I was going to say

like what are you watching moving forward and if you're you're looking at like ke Capital what would you be making decisions based on this the total market cap of crypto this total market cap is currently at 1. 1224 trillion if it reaches and surpasses 1.26 it's game on so that's the only chart that matters in my opinion for crypto the other thing I'm looking at is the dollar does the Dollar continuous rise up or does it turn and come back down that's the other thing that really matters and then bonds as well but honestly bonds are the most confused asset in the world right now so like it's kind of weird to look at that but this is what matters if we go above 1.26 it's risk on it's time to go if we stay

around here we're either heading down or maybe we'll continue to stay around here because of people's expectations around the the ETF I'm not sure but this is the chart that matters can we get 1.26 all right well we'll keep you guys up to date and make sure you're in the no and as always if you're looking to invest Nobody Knows the way the markets are going to go so dollar cost average keep it simple definitely makes it easier makes it way easier because I think that the problem is at times like this when greed is so high everybody feels it like I feel it like I'm dollar cost averaging for a while now and all of a sudden I'm like oh [ __ ] like do I need to put more in now you know and so there's another that's a great point so in the investing

Master Class course I talked a lot about psychology so one thing I've learned over the last like 10 years investing I was like psychology is everything and i' had actually asked the audience right even Jay yourself how much fomo did you feel the last week we have literally been allocating for I've been allocating for like four or five years and this and you know what I mean dollar cost averaging every month and all of a sudden it goes up 20% in one week we're still at very low but it goes up that much and I'm like [ __ ] I don't have enough money in I'm like I'm underexposed and it's like what no you're not you're definitely not underexposed but immediate fomo and I was like I actually checked myself and I was like I can't believe I feel this much fomo right now I have been buying

and buying and buying at lows for so long I'm in such a good position for this move upwards how can I have phone or that's insane so this is the biggest challenge and the best thing is psychology 100% And I would ask the audience like think about how you felt during this did you start scrambling and start changing your assets buying things selling things like that means you're going to have problems in the bll market if you do that you're going to overexpose you're going to end up using leverage you're going to chase pumps it's so hard not to do that so hard so would you let's say you're in the position where you're either one of two scenarios you do have more Capital to allocate right so maybe you've been dollar Co

cost averaging or let's say you're not in you're like my buddy you're not in crypto yet and you're trying to be in crypto what would be your strategy would you try to dollar cost average over a short period in order to get in before the pump comes or would you just dollar cost average over the long because we don't know it's so funny I've been helping my girlfriend set up a tfsa and I think she had one but not a direct investing one so she couldn't buy other things with it so I've been help explain tfsa quickly for the nonan taxfree savings account be like I guess sort of similar to 401 but not really actually because that would be like a retirement savings account but anyway it's basically just an investing account that you can put in and you

don't pay any taxes on it but you only have a certain amount you can put in each year so anyway was helping her get this so she could buy some tech stocks and buy some crypto but it takes forever at bank to get this stuff going you got to get all these things straight you got to move some money around like it's so annoying so the last two weeks she's been trying to set up it just finally got set up and I was like [ __ ] do you buy it now or what like right would have been nice if we did this two weeks ago when we were trying like the damn Bank though is terrible again we're in a weird spot do you buy right now or do you not buy right now if you're new I would say you probably just do some of

it and then you wait and see what happens next if we don't go above 1.26 we're probably going to go down a little bit so okay then put the rest in if we we go above 1.86 okay then buy what you have there and then just dollar cost average moving forward we'll put the link in the show notes to this chart on total market cap total crypto market cap so everybody can go look at this and you can favor it on your your bookmark bar and every day you can check har over 1.26 uh and join our Discord we're having a lot of fun in there talking uh a lot of it happens in the Pro channels but I'm happy to chat about it in the general channels too so if you're in Discord also what I would love to hear is your thoughts I don't want to be the only one

sharing charts sharing theories here markets are all about probability so I don't know I just say here's my probabilities here's what I think I would love to hear other people's feedbacks what other people are looking on chart so please join and join in the conversation that'd be a good spot and we can have some fun through these through these markets the other thing I should mention is because we've been talking about salana so much and salana is obviously one of the biggest assets up right now we decided yesterday that we need to do a podcast on on salana so that you guys know what's going on so we've got Nick Frost butter from the salana team who's going to join us next week that episode will Air next Wednesday and we'll be breaking down what's going on in Solana why everybody's so excited about what

they're building and is this a good time to invest in salana where are they headed long term what's the bull case for them so make sure you check out that episode it's going to be a really good one what a great handle frost butter man that's his last name it's amazing literally I asked him I'm like messaging with him and I'm like is this really your last name or is this just your like crypto crypto name he's like no no that's really my last name Frost butter beautiful amazing can't can't wait to have you on the show next week okay let's switch over from the markets to the news of the week there is lots of stuff happening on the Builder side and then the news as well so yeah let's jump into that first up Ledger has brought

back Ledger recover to to a little bit of well maybe not surprising a lot of hate from crypto Twitter Kai what happened here and is this hate warranted yeah so we talked about this I forget when they tried to launch maybe the beginning of the summer I feel like it was yeah well so for those don't remember what Ledger recover is basically it is a optional way that you can sign in you pay a subscription fee and basically they will segment your seed phrase and then basically give it to or allow a couple others custody it for you in these segments and then in the event that you lose your seed phrase you can basically get the segments back so it's like encrypted and then also split up you get the segments back and then you have your you can recover your

leder wallet which is um something obviously that's really needed because a lot of people lose their seed phrase specifically those that are new and just coming in the space that are like I don't know what a seed phas is and like I don't really care we need some options for them and so this is a really really good option because the last thing you want is someone to come in put some money into crypto and then lose it a week later and then they're like well [ __ ] this is stupid right so of course if we want to onboard new people we need better products and services for those people so Ledger updated their firmware and their software a couple months ago people got wind of it even though Ledger has announced this many many times back then but once they actually updated the

firmware and software people started losing their minds in the crypto Twitter world and Ledger actually had to pull back and they said okay we're not going to launch this we're going to work on open sourcing some stuff we're going to work on educating a little bit further and a few months later and now they feel like they're ready to do it so they've launched again this is a great product for new people or for people who just don't want to put 24 words on a piece of paper and buy a vault and put it in that right it's a bit weird right but for us who've been in this space long time I mean it's kind of nor it's normalized for us but it's not for everyone else so I was gonna say funny thing but it's actually not that funny the thing that sucks here is they launch this they put

it out they announce it on Twitter and then when it go through the comments here there's just people ripping Ledger apart and so you have let's see the first one here this person Seth for privacy okay I guess his name says why he's the one doing this says if you use the service you are signing up for simple seizure of funds if Ledger willingly or unwillingly due to government pressure decides to collaborate with one of the other storage providers please do not use this service and Ledger like hey it's completely optional you don't have to use it but some people they might want to use it then you got someone else who comments and says have you ever opened did you end up opening open sourcing your firmware like you said you were going to if not you shouldn't be announcing this just a bunch of people

people that are basically bashing this whole thing and the reason that this sucks is for the average person that is like oh cool I can I don't have to put my seed phrase on a piece of paper I can use this service they come and they look at this thing and now they're thinking oh I'm gonna lose all my money if I use this I'm gonna lose all my money if I use Ledger which is probably the most secure and Best Hardware device that we have in the space that's for mainstream and so it starts to confuse people and it makes people it deters people from being in this industry at all right there's a lot of people that like will tweet out and announce like oh I'm into crypto I bought E I bought whatever and then all a su the Bitcoin Maxes come in

and go oh you know that's some centralized shitcoin pre-mine blah blah blah and they're like wait what I thought I was buying the future of finance and the future of tech and then they're like but what's all this stuff and most people are not in it enough to to like decipher between what's real and what's not what's good and what's bad and so it becomes this like weird confusing thing for to onboard people and so just my main problem is like look again and we talked about this in so much detail before if you have a lot of money in the space if you really are afraid that the government is going to try and seize your money then you can have your Ledger or whatever Hardware wall you want and you can write your seed phrase down a piece of paper and you can lock it up in a vault and then

you're all good and you don't have to worry your money is safe most people are not that contrar and do not have that view and just want to speculate a little bit have some fun and if they want to do that and they it's not a millions and millions of dollars and they're not necessarily afraid that their government is going to come to Ledger and ask specifically for their seed phrase which they can't really do but technically guess you could like let them use that it's completely fine it's not the end of the world it doesn't impact you and then the key thing is that ledger launching this doesn't impact anyone's Ledger unless you opt into the service you have to opt into it so like doesn't impact anyone and it's a good thing for new people that just need this and are on the same level as others so let's just

try to be a little more rational and help people it's just it's so crazy to me most people do not care about self- custody it flat out like they don't and look if you really do care about self- custody and self- sovereignty and you believe that the rest of the world should then spend your time teaching the world about that and producing content around that but don't sit on your high horse and yell anytime a company doesn't follow to the perfect you know solution how you think self- custody should be done because that's not how we achieve Mass adoption here seed phrases are a massive ux problem it is literally the

reason that a lot of people do not enter this space so you should be celebrating when there's any company that's making it easier for an average person who's only going to have couple hundred dollar in their wallet average person for them to manage that and for them to use nfts and for them to get involved on chain let's freaking celebrate that not put these companies down for everything that they're doing it would be like at the beginning of like cell phones being like oh no no no [ __ ] cell phones like we should only stick to desktop like oh I don't believe it's cellones nuts there's always trade-offs this is the thing that I think is hard for people to wrap their heads around it's like there's a spectrum right just like in normal world

you have money if you have a lot of money you might put it in a vault in Switzerland under a mountain with armed guards and if you have a little bit of money and you don't care so much you're not so afraid and you live in a safe place you might just put it in a shoe box under your bed because maybe you want to access it tomorrow right instead of spending a couple months to try to get your money out of a vault like it's there's trade-offs and there's different things different products and services for different people and that's completely okay let's all just be a little bit more understanding you know your way the only way yeah not on T doesn't exist what's about what's going on on friend Tech and in all of social f is social F about to blow up Kai or are

all these people getting wrecked look if if we do go into a bull market and things go A bit crazy I would assume these apps do really well actually um because there's a bunch of now right we've got friend Tech we've got I don't even know the other names but there's one on Avalanche there's one on salana there's new Bitcoin City Stars Arena Tomo turnup just launched uh today or yesterday chain chat so many which is great we need different competition we different you know Innovations different testing and so this is it's all great it's all for something that's going to come that's going to be really cool that a lot of people are going to use I'm actually quite surprised frch has stayed around and is continuing to do as well as it is but what happened was it yesterday 24th two days ago so what

happened was a little bit crazy so an account named vombatus he or she had owned 176 of its own keys and its keys were worth 8.23 e and all of a sudden in one moment this person went and sold all 176 of their own Keys all at once and this created obviously a contagion for its own keys right it went down from 8.23 all the way down to 1.68 in a matter of minutes so anyone who was holding that got complet and these are 8.23 e that is a lot of money that's like almost $116,000 that went down to like I don't know almost three not even $3,000 so

like that's a big drop for anyone who bought that now I don't know why anyone would buy something for that but anyway that's besides the point anyway what happened was this guy made hundreds of eth as a result of it he paid $350,000 so 197 eth just to sell these 176 keys that those fees are what went to Creator fees and then also went to to friendtech itself so that's an insane amount of revenue for ftech to do this but what happened was it scared a lot of people because a lot of people lost some money from this and so there was a bit of a contagion effect and a bunch of different keys on friendtech all went down all at once which was a little bit crazy now what this person did is he took half that money that he earned moved it over to was it called new

Bitcoin city is that what it's called yeah new Bitcoin City a a competitor to friendch and he put half of his earnings that he just made over onto that one and all of a sudden his key shares soared up to 4600 and so I don't know what he's going to do with that I don't think he's sold those yet but this person is just moving things but a bunch of different accounts on friendtech all sort of collapsed whether it was fear or it was people like oh [ __ ] I'm going to lose my liquidity or they did lose liquidity and they needed to recapture what they had I'm not sure but was a pretty big deal there and then just on the frch side racer who's the the founder of frch he tweeted out and basically he said he's debating on doing some big changes to

frch he goes the hair in me wants to make a really big move the Taurus in me wants to avoid moving rationally and [ __ ] up something a lot of people used so he's thinking about completely changing friend Tech we don't know if he's going to do it we'll find out but it looks like I mean they've been doing a lot of upgrades and he actually put his list of like what are the things that they want to do to improve starting with security and then trust in safety processes then usability of features and then making it more fun and then finding new audiences so I have no idea what they're planning to do but they might make a big move which honestly probably would be a good time to do it because of the amount of competition that's out there right now that that are basically

copycats to friend Tech there's like little bits of differences but we'll see it'd be nice if you kind of shook the industry a little bit the thing I would say is just this is a perfect example of how fast these things move and how basically being involved in social social 5 from a investment perspective is you have to be a very active Trader so unless you're going to be incredibly active in watching this as if it's your day job like I'm talking like every hour every day because vombatus decides to sell off his keys this happened all at once right and if you don't catch that and you're not aware of it you're going to get wrecked so this is why I always tell people unless you're going to be like a day trader of crypto or nfts or

social fire wherever it is in this space don't try to catch that you know big jump just invest in simple networked assets that are going to do well long term the the people that are in frch right now look they're not your average user these are the people that were in defi summer in 2020 that then went into nft trading in 2021 they are the people that are all in frch right now the people that have been doing all the trade the trading on blur to try to air far to air drop Farm the airdrop sorry they have moved to fch these are the people that this is what they do they sit there all day and they trade things and they've done it with defi they've done it with nfts and now they're doing it with frch I don't know if the word is

professional but it is a highly skilled and passionate group of people that are there it is not just your average like person so but the problem is is that there's there's also a lot of not highly skilled people who fomo in and those are the ones that I'm saying don't like it's really not worth it okay let's go to airdrop season a lot of aird drops happening right now and one that just happened yesterday was arcade so arcade is a nft lending platform one of the leading nft lending platforms been around for about 18 months and they've already done over 105 million in loan volumes they done done very well and they've made their first step towards decentralization so they've launched a dow and a governance token AR

arcd which went live this week and are now claimable for users so the details are that this is the da will manage the arcade treasury support new collections govern critical protocol functions and will be in charge of evolving the future of arcade now the arcade token is a governance token and required for Dow participation and basically they did a an airdrop of putting quotes but it's a claim so you have to actually go claim it and there's about 6,000 users that have been active in arcade so far and are eligible for this claim what's interesting that they did which I just love that they did this and I think is a

new model for companies that want to decentralize is they made the tokens non-transferable so basically they would right now what they're saying to everybody is they're saying hey you come you claim your tokens and these tokens are only for the purpose of governance right now these po tokens are not so that you can just take them and then dump them onto the market and make a whole bunch of money if you want to decentralize the way you decentralize is you decentralize decisionmaking and governance you don't decentralize revenue and profit that is pointless to do that that doesn't achieve the objective of decentralization so by making them non-transferable now it doesn't mean

that they'll always be non-transferable what they've said is that the Dow could do a formal proposal and a vote and they could decide to turn them into transferable tokens uh in which case people could sell them on the open market and whatnot so very very interesting to see a company do it in this way because we haven't really seen this before K I like the idea I mean it reminds me of when ens did their airdrop I think it was 2021 and they said we are not airdropping value we are airdropping responsibility which was the idea of helping people try to wrap their heads around like these tokens are for governance they are to help improve ens into the future but I mean most people

obviously just saw it as free money and sold out and so it's a very smart move I think I mean I've never really seen anyone do it but we'll see what it does for like does it improve you know the rate of people voting I think it's great that people just can't sell like that's obviously I mean you don't get the hype as much right like when you air drop and it's like oh my God they air dropped $500 million or whatever you get a lot of media attention around it and so those projects usually like really heat up for short term you see with everything ens did it Unis swap you know arbitr optimism Etc so like you you probably don't get that although thankfully we are covering it so that they're getting something yeah it's a good experiment I mean we need to find

better ways to do governance and to give away governance the idea of mixing giving away governance with money has not it's hard to say if it's been successful to be honest I don't really know I don't think we've seen it happen a lot we haven't had it around long enough to say but it's a good experimentation I like it the only one that comes to mind is op token in their recent air drop the requirement to claim the recent air drop was that you had participated in governance or delegated your vote to governance so that was one way to reward governance but I also really like this model because what I like about this model is you're not saying hey it can't ever have value you're just saying right now it doesn't

so hey you got to participate in coverance right and then you could make it have value which I think gives a lot of people incentive and motivation to get involved well and and also depends on what the technology is so for example arbitr and optimism it made sense for them to airdrop both governance and money the reason is a lot of their air drops went to Dows companies developers building on top of their platform so for a again protocol sync thesis for a technology that's lower in the tech stack that needs apps and builders on top of it you want to fund those Builders to go and build more things now if you're a consumer facing app and there's no one building on top of you it's just users using you then I you're dropping money is like a marketing tool

but that's about it because you're not looking to fund anyone you don't need to fund anyone but obviously funding the users is like a nice little like thank you kind of thing and builds a little bit of loyalty and build some hype so it depends on what level the tech stack you're on in terms of like if it makes sense to airdrop value rather than just governance all right one more on the topic of airdrop season is Rainbow has teased an upcoming airdrop saying we can barely contain our excitement True Believers are always rewarded so K I don't know if you've ever used a rainbow wall I haven't but if you have pay attention there might be an air drop coming up I haven't but I've heard really good things but what the mistake they just made here and I bet you

they're seeing it right now is they said it's coming right which means the amount of activity they're getting right now is they're probably because they tweeted this this morning right I would bet in their office they are like oh my God what is happening they are getting botted they are getting swarmed by millions of bots from India and Pakistan and Philippines and wherever else because this is what they do and so not all this is what they do but like it's it happens and are very popular these sort of Bot Farms that are there to chase airdrops we'll see what's happening I mean this happened to us when we did a thing with lens previously uh and it was just we couldn't believe it we were like how do we turn this off how do we stop it and we couldn't right

there's nothing you can do it's commercialist so I would assume something Happ with rainbow but I I don't know but anyway it looks like you think maybe it's like a reward it's like a loyalty program or what do you think it is tough to say could be an aird drop could be a Loyalty Rewards program a lot of speculation right now uh as Kai said there's serious disadvantages to the hype right like arcade missed out on the hype because they didn't put value towards it if you do go the hype route you're going to get a lot of bots you can have a lot of issues that way too so here's where this is a good play though so rainbow is an app on App Store App Store gets you get moved to the top the more I think reviews you get the more downloads you get especially if it's a

bunch of downloads at one time then you get you move up the ranks for like that week kind of thing I would bet by doing this they get thousands and thousands of downloads out of nowhere and all of a sudden they get to go up top which is a smart time because think about it how many people just messaged you I also had this too should I go bu crypto which means no I don't think we're flooding the markets with new people getting especially like web 3 wallets but like there's definitely a little excitement this past week there's a bunch of people coming in so not a bad marketing strategy to get yourself up in the top ranks from people are going crypto wallet could be smart love it Kai's putting his marking hat on okay let's go to the next story circle is introducing a program called

gas station what's this yeah this is this is huge so most of us here that have been in this space for a while we don't realize how stupid gas actually is like I mean gas is needed to make blockchains work and to function in a sustainable way so like it's it's it's fine but as a ux standpoint for User it's terrible right the fact that especially for something like usdc usdc is not meant to be a thing where you speculate on right like Bitcoin and eth would be it's just a means of payments right I want to buy coffee or I want to send money to someone a different country it's just a way better technology than using us like a US dollar usdc is much better because you don't have to pay all the fees that are associated with crossb payments Etc the problem is to use usdc in your wallet

you need eth and imagine that to send a US dollar you need to own a different currency in order to send this currency for us it's so normal for the average person that's never been in the space they're like wait what I have to buy this speculative asset that's crazy volatile in order just to spend my like my my crypto dollar that doesn't make any sense so it really is stupid for usdc case and so it's a big thing holding back the adoption of stable coins especially in countries that you know they're not typically buying eat right and so but they want access to US Dollars and so what Circle has created is something called the gas station which is basically a technology that allows Merchants to pay for their users transaction costs so so it's basically a

change in the smart contract of the I gu it be like the app that you're using or whatever where whenever a usdc transaction is made so you're interacting with usdc smart contract it allows that Merchant to then just pay and fund that for them which makes sense on a layer two it would make sense on salana wouldn't really make sense on ethereum because you would not want to be paying for people's transactions if something happens and gas fees are really high but with layer twos with salana with other chains like it does make sense and so we already have a massive company that's piloting this which is the app grab grab is like the massive Uber Eats that that people use in Southeast Asia it's it's Uber e plus like there's many things you can do with it anyway they have a web three wallet

for payments that we talked about I don't know weeks ago and they are piloting this for Singapore users specifically where yeah you'll be able to send and use make payments with usdc and not have to pay for the gas I think this is the future 100% I think companies start to pay gas fees just like we saw with redddit in their avatars right um you'd never have to worry about gas when you were buying your avatars on reddit reddit covered those they paid the fees to polygon lens when you use lens lens or the apps are paying for the fees to do all the things that we do on lens I think that that is the future especially as the cost of transaction goes down we're still not at that point we've gone from dollars to Pennies on at least on layer twos that's

still not cheap enough when we're talking about scale so we need actions of pennies which salana has already done and with the change to the Proto D sharting EIP 4844 with that launches next year or the next year it'll take it from pennies to fractions of pennies and then something like grab or whatever company will have no problem just covering the transaction costs yeah the obvious comparison to web 2 is when you use your credit card you don't you know pay credit card fee on top right you use your credit card the merchant pays the credit card fee and so they would be crazy for us to enter a world where we also pay the fee to use the blockchain the same way when

we use so when we make a payment there's like Cloud infrastructure that's being used by the merchant and by visa and by us to facilitate that we don't pay the cloud fees right that's paid for by probably Visa right and so same thing we wouldn't we shouldn't need to pay the fees of a blockchain that's just infrastructure that companies are using to facilitate the app right and so it'd be like us paying the electricity bill for our company it's a bit weird no it's crazy okay next up some exciting news over you mentioned this in the pre-show over at at Google Android if you have an Android phone you can now download the openc mobile app well the openc mobile app has been available for a years uh

but on the mo opy mobile app you can now list buy sell and trade items in the app which you still cannot do on Apple and I would have been a better nft Trader had I been able to do this on my mobile phone no you would have done more trades it would have been you would have true more wrecked uh but this is a big deal because this is one of the major complaints and the major issues that we have across all onchain apps is apple does not allow any sort of onchain transaction in an app unless the company is willing to pay the 30% tax to Apple on that transaction which obviously no

one is willing to do whereas Google Play came out what was it SE mid-september and said they would now allow onchain transactions within the Google store so you're seeing companies and now maybe you'll see users switch from Apple I you're move Apple you're up the openc app has always been I mean when you can't buy sell and trade on it like it sucks right it's a useless app and so it's a big deal I mean openc is Big this isn't some tiny little app now openc doesn't have a gajillion users by any means I actually just put out a pro report on openc today breaking down their value acrel and they have about 200 and something active use active wallets this last month down from about 700 or eight 750,000 at its peak back in

like January of last year so like still relatively small but pretty decent numbers and so now that's just using openc in general it's not using the app but obviously most of the people people would go and use the app if they could so it's a big move for Google and yeah we'll see if Apple what Apple does in this but hopefully we see a bunch of crypto apps Now launch on Android and we start to see like a lot of growth there right Apple goes [ __ ] we were missing a lot of of eyeballs here yeah I agree okay next up really cool story out of snow and the velocity series the velocity series is a generative art series put on by Red Bull Racing their F1 team and basically this was a series

of several artists where you can buy this pass and then you would get access to purchase art from these artists and the third artist was snow and his mint just dropped this week now here's what's really cool about it this is the first ever generative physical mint okay that's a lot of buzzwords Al together so let me see if I can explain that's basically how it works is each nft comes with a unique embroidery ready file that is constructed one stitch at a time at the algorithmic level so what you can do is if you buy this nft you can very easily turn it into an

embroidery so you could take this art this generative art which is all about celebrating car racing and that's why it looks like if you see the pieces all like arrows pointing in a direction in the snow FR like colors similar to his squiggles and you could take this nft and you could then it's an embroidery ready file and you could go get it embroidered so he's trying to experiment with this like digital physical crossover this is I think very experimented very Cutting Edge but very interesting and the market responded great these went these minted AT3 e m it out and quickly jumped to like 0 n eth

and now come back down I think they've settled around like 7 eth U but it's beautiful art as an nft and then it also comes with this like physical component that is up to you if you want to use it super smart I mean if you think about what the trend that happened in 2020 2021 when nfts became a big thing whether it was people buying from art or not one of the things that I S noticed was a lot of people were going and printing out their n whatever they were and then putting it on their wall right treating it as art and is because they thought it was cool and they owned it right and they were part of that Community or whatever and so that was an obvious trend that hey people wanted to show these things off not just in the

digital world they did because they would put it up on their Twitter they would do whatever but they also want to show it in the physical world and so it makes complete sense and I think it's very smart to do this and it just like now you can show off this art that this person made in two different forms which is yeah I mean generative art is really having a moment we don't talk a ton generative art on this show but it is one of it's probably the only sector of nfts that has continued to do well through the bare market and even through the last like three months has done quite well uh okay next up last main story of the week that we'll jump into Quick hits before we wrap here Walmart has launched a web 3 accelerator program so we've talked about Walmart previously

when we talked about Pudgy pigin launching their pudgy toys in Walmart and that was through puggy was part of a not an accelerator program but a Walmart program where they looked to bring in new products and pudy just happened to be a onchain web3 company that was participating in that now obviously Walmart has seen great results from pudy because Walmart has now launched an web3 specific accelerator program that basically focuses on using decentralized Tech to improve Global retail and commerce you've got five companies have entered the this program they're going through a 12-week program they each get $200,000 in funding and what's interesting is you look at these

companies they're not product-based companies like Pudgy that are trying to make products that sell in Walmart these companies are all infrastructure companies or platforms or tools that are looking to basically improve Commerce using blockchain so a couple of them are analytical based platforms that basically would use onchain analytics to say hey we can use Arch analytics to understand our consumer Behavior better which will allow us to sell them more products learn more about them be better at targeting them all things that Walmart really cares about so really cool to see that Walmart is really prioritizing web 3 Tech and sees that this is the future you know that Walmart is the highest

generating in terms of Revenue company in the entire world they have been for a long time yeah they don't make the most profit by any means they main like physical stores and stuff but they make the most revenue of any more than Apple more than any other company which is pretty wild yeah except for maybe like the oil companies like what it's called ramco or whatever but yeah which is just pretty wild you you know what I wonder if this happened to Walmart so Walmart was has been the biggest retailer for I don't know decades and then Amazon jumped them because of the internet they missed the internet similar like Microsoft was the big Co computer company a software company and then they missed the internet and then they came back and now they're dominating AI they're dominating Cloud they've like they've crushed it the last you know

decade or so after missing the internet and so Walmart missed the internet boom Amazon smashed them Amazon's way more profitable than Walmart even though they don't earn as much revenue yet I wonder if Walmart now tries to leap prag and goes okay we're gonna go straight to the web 3 side of thing and we're gonna beat you guys on the blockchain side we'll see it'd be interesting hot take Kai I I I like it and I hope that's the way it goes because whatever happened to Amazon's NF that we were all we were all teased about Amazon entering the space and then nothing happened so I think you might be right you might be honest okay let's jump into some quick hits before we wrap today Kai first up you can now use crypto to buy Ferraris or Taylor Swift

tickets yeah wow the a Farrari you can use Bitcoin ether usdc seems very like makes a lot of sense and then over on Taylor Swift you can buy it with Bitcoin eth or Doge which was super random to me makes sense for especially expensive products like this because there's a lot of people in the world that have a lot of crypto obviously and so it does make sense for companies to start allowing crypto payments I mean outside of just like it's cheaper and whatever for a lot of people like especially when you're buying Ferrar and you're buying T tickets you're probably in like the US and Europe so like crypto payments are not the biggest unlock for people we already have very cheap ways to purchase so it's not the biggest change but I think a lot of people have big sums of

CP crypto at least did a year ago I don't know about now and so yeah it makes complete sense and I think obviously more I think there was a couple other car companies that right after Ferrari announced that came out and did the same thing so I forget which ones it was but there's a few others as well so it's it's definitely a trend meme fire sale started today what's this yeah so meme token which is the token of meme land uh which is the project of nine gag that has been really building in web 3 since the beginning they finally launched their mean token today with what they're calling the fire sale this is the initial sale to their community of nft holders if you hold a

captain or a potato or an MVP they have a bunch of FTS in their collection you can get access to the fire sale and within the first hour they sold over 10 million and the fire sale is actually only like 7 million it's like 6 69 6.9 M 420,000 that type of thing and so they're actually going to have to refund back some of these people because it was like oversold look a meme token is the next meme coin I think you're going to see a lot of activity a lot of action around it because it's by nine gag which are really one of the biggest web 2 media companies they're incredible

attention Grabbers they produce a ton of content and look their C O is just an absolute Visionary in the space I don't ever recommend investing in a meme token because they're incredibly volatile and they're going to go up and they're going to go down but it'll be interesting to watch how they use this mem coin because every other meme coin up until now has been launched by a bunch of Deens in a closet in their mom's basement who knows right Pepe like there's nobody Behind these teams they're not legit businesses they don't have a road map team on the other hand is from a very legit business they clearly have a plan in a road map they have a very well established team

they're very well funded so I think it'll be very interesting to watch how they do it and what they use it for because they're also clearly planning to use it within their larger ecosystem and their game and there will be rewards and all of that so it'll they're not the US right where are they look oh they're out of Hong Kong ah so that's why they can do this because I was like exactly wait what they raised 10 million doll like no one is doing that these days but I guess in Hong Kong you're good to go must be nice e okay next up polygon's pole token the contracts have been deployed on ethereum Main net yeah so not nothing actionable for you to do just yet but we talked a lot about um polygon how they are moving from being a side chain on

ethereum to an L2 and part of that is also moving the madic token to a new token called pole um and it looks like those things are all in the works um their estimate was that all of this will be done by the end of q1 2024 that seems to be a bit you know fast but let's see if they can do it but either way the new token is coming so you'll start to see don't get messed up by sure many scammers are saying you can swap your token into this poll thing and it's probably fake so don't do it right now but again make sure you're looking on the polygon website to see what the smart contract address is you will be able to move your madic into pull you don't have to do it soon they're going to leave it open for like years to

switch over like it's not a big deal there's no rush here but just want to make you guys aware it's happening be on the lookout there's probably going to be a lot of scammers ads on Twitter ads on YouTube whatever saying you can switch over now if you do it you'll get rug so don't do it but it's coming love to see it we the rug police we are the rug police yeah keep yeah definitely that's why you listen to us for not getting caught in the H cycle that's yeah we're all right last one Roblox and some crypto mining what the heck pretty cool so Roblox one of the leading gaming Platforms in the world 65 million daily active users is freaking insane over 40 million games and experiences on the platform and within those 40 million games there is a Bitcoin mining game uh

basically this game simulates like mining Bitcoin setting up a rig um upgrading your graphics cards getting buying more energy so you can mine more and then exchanging Bitcoin in order to into money in order to like play more of the game look great to see somebody setting up using Roblox using gaming as a way to teach people about Bitcoin mining which is a a great resource and something we need a lot more of Bitcoin money it's a lot of hate because of its energy consumption but most people don't actually understand uh that Bitcoin money is really working hard on renewable energy most of it is renewable energy now uh and the game has over 160 million plays 160 million people uh have played this game I'm sure not people you

you can replay the game I think more than once true yeah yeah 160 million plays you're right yeah uh but yeah really cool to see love to see people using Tech and gaming for education purposes that's a wrap Kai you're feeling good I need a week to go by before I can tell you how I feel I I I think we'll we'll know what's happening in in a very short period of time so we're gonna get a lot of answers well that's why you gotta listen in next week to roll up again to see how Kai's feeling and what's going on as we go through this next week which will be an exciting week we'll see whether we go up whether we go down but no matter what we will always be here at web three Academy to make sure that you're in the know

that you have a trusted source of information no scams no hype just the real stuff that you need to know to invest and build in web 3 have a great weekend everybody thank you for listening to web3 Academy you're one trusted source to capitalize on the next big phase of the internet if you enjoyed this episode please share And subscribe or follow so that you don't miss the next one while you're at it there's a link in the description for our free newsletter where we provide timely and relevant web 3 insights so you can confidently build and invest in web 3 make sure to subscribe today one final note this podcast is for educational purposes only and nothing we say is financial advice crypto and web3 are risky and you should never invest more

than you're willing to lose thank you friends and see you in the next one