Weekly web3 news: Yuga's moves, NFT bull market question and Optimism airdrop

Transcript

is the nft bull cycle back in the last week we've seen multiple nft projects have big rips and big Rises and in today's episode we're going to dive into some of these and tell you if there is a bull cycle coming in the nft market or not what you should be paying attention to gmgm welcome to web 3 Academy your one trusted source to capitalize on the next big phase of the internet we make sense of an onchain World in constant transformation I'm jbird joined by my co-host Kyle reidhead and we believe that permissionless Tech is going to change the world that's why we're carving a path for doers to confidently build and invest in web 3 speaking of nfts what is

going on with yugal laabs Jay I think we're gonna have to dive deep into that there's so much new CEO or old CEO I guess and just so much happening they've made a massive they've acquired Moon birds and proof and so we're going to talk about that it's obviously a really big deal maybe these are signs of the bull market coming back we're going to talk about that and what you's up to I can tell you what coinbase is up to just crushing it their earnings came out last week and they were really good Dynamite we're going to cover some of that there we'll obviously dive into the nft bull market as they said bunch of airdrop stuff with OP with Ian layer points what's going on with those Stark net is live and it's one of the biggest l2s in the world right now so we're going to

cover what's going on in that and um so much more it's a big episode to AJ it is very exciting exciting times we're gearing up to eth Denver next week people are getting you know the energies coming into the space and there's going to be some big announcements but this week also has lots happening before we jump in as always if you want to do us a favor please please please give a like on whatever platform you're listening on or if you want to give us a follow or a review that would be even extra special deep bow to all of you we're so grateful for all your support and we couldn't do this without you now as we always like to do let's jump into the market watch for the week high what is going on in

the markets let's start with Bitcoin not much is going on with Bitcoin actually it is up 8% on the day but it is down 7% on the week so it is just a bunch of up and down and basically nothing so not much going on in the world of Bitcoin in the last week all right that's uh Steady As She Goes what about ethereum ethereum is continuing to see some strength uh which was I mean we predicted this we've been saying this for a while once that Bitcoin ETF gets approved uh we think the first quarter is going to be really strong for ethereum uh it is up 2.4% uh on the day up 5.6% in the last seven days so it continues to have a steady incline over the last week it has tapped and reached 3K a few times over the last

couple days which is quite exciting but it keeps getting rejected we'll see if it can you know hang above it and break through it and how about Sana salana is not doing as well but sitting at $104 currently up 7% on the day and down 7 and a half% on the week I think ethereum is beginning to steal a little bit of Solana's Thunder look salana is still going to do really well but etherium is sitting at Center Stage right now and what about the total crypto market cap yeah finally we have the total crypto market cap which is still sitting under two trillion but it's close it is currently at 1.91 trillion in terms of its market cap and uh again not moving much over the last week just sort of chilling out is down 0 2% in the last last 24 hours so

really not much happening in the crypto World some ups and some downs but mainly ethereum is the one stealing the show at the moment just love to see that what were you watching this week Kai when we have a flat week like this what's catching your attention yeah so the big thing right now is just continue to see flows in the let's called the trafi world so if we look at the digital asset investment products which are basically inflows going into things like ETFs and that over the last week we saw a total of $2.45 billion of inflows and uh year-to dat 5.2 billion which is we've had our biggest weak we've had in the last I don't know how many years I can't even see back to like 2021 2022 days so could be the biggest I'm not quite sure we can't see farther back than that just

2023 and 2024 in terms of these coin share stats but massive week and overall really really big for the start of this year so the flows are definitely a big deal and I think that's obviously what's Driven prices up so far in January early February so like things look good in that sense of course we have the ethereum ETF coming and all the bullish news we've talked about tons of times and so like I think overall good things we're seeing for flows coming into the crypto world what's a little bit scary at the moment what I've been kind of keeping my eye on is the leverage in the market so in basically any Market this isn't specific to crypto but it does definitely happen probably more in crypto than anything else as you get further into a cycle let called a bull

cycle you get more and more leverage people get greedy and they start taking out leverage and what happens is anytime that people take out leverage usually you have some sort of Correction where a bunch of those people get liquidated we sort of like remove all that leverage out of the system and then we can start to build back up again and we go up and we end up going up more than we were before when that leverage was high but as we're going up leverage builds builds builds and then again at some point that leverage has to get washed out and we like sort of keep doing that up until we reach the very top and then eventually just everyone gets washed out and we go down into a bare market and so I I'll do more Pro reports on this to kind of show

how this all works but right now I mean we've had a steady incline in prices for the last however many months without a massive pullback again not sure if we get a pullback necessarily but what I have up on the screen here is the open interest and for Bitcoin which is basically at the highs we saw in the last cycle now the main differentiated here so like Leverage is is definitely high right now is what I'm trying to say but the difference here is that this chart looks like it's at a high from the last cycle which it is but also we're starting from a much higher Baseline because the prices of this stuff was higher right so this is all based off of the the price of the assets themselves and so whereas before the the Baseline was like somewhere around what is it

like 2 to three billion now our Baseline is sitting at like 10 to 12 billion so going from 10 to 12 up to where we're currently at which is about 22 billion in open interest that's not a massive jump compared to going from one to two billion up to the 24 25 billion right so this isn't like a top signal by any means but potentially at some point soon this leverage needs to get washed out so again I hate to be the bearish one so like I don't know when it's going to come but just something I'm keeping my eye on again as I said last week as well and in the market watch this week probably not a good time to get leverage when everyone is levered that's not a time you want to get leverage so that's one thing the other just interesting

thing on the timelines of kind of where we're at in this cycle we talked last week out I think we're still pretty early in the cycle not a lot of retails back we haven't even hit all-time highs like not too concerned but with those Co coinbase earnings which we're going to talk about they released their trading volumes and they can break it down into retail trading volumes and they saw a pretty big increase in Q4 a lot of that again comes because the price is up so the volumes just look bigger doesn't mean there's necessarily more people actually trading it even if the same people are doing the exact same amount of Trades but the price of the assets are higher then the volume is going to be high of course but they showed their sort of projections for q1 based off of when the report came out and it looks

like it's going to be even higher than this much higher so it looks like retail's starting to come back in at least from the trading perspective on coinbase so typically when retail starts to come back that's when we get to that sort of parabolic phase where we have those crazy ups and downs it also means historically anyway we've got about 12 months left in the bull market which would put us to what month are we in right now Jay February February 2025 as the top do I think that that's when it happens I don't know I think it's still a bit early to say but definitely we're we're seeing the like first signs of okay the Cycle's here and we're gonna about to start going into that parabolic phase so just something to keep our eye on but I still think we're we're very very early so I wouldn't be too worried

at this point does leverage rhyme with volatility Kai absolutely yeah so as more and more people come in especially retail people come into the space you have more volatility because these are I mean like in a bare Market the only people that are holding on are people that are just never going to sell so it's not super volatile once you're at the bottom of the bare market and even like on our way up the last like let's say year and a half it's just a lot of people that were already in the in crypto that are just like continuing to buy more they're starting to see okay we're we're getting out of the bare market so they're they're allocating more of their own capital and so it's not a very volatile Market it's not a lot of Leverage yet so we just sort of steadily gried up which we did for most

of 2023 and even early now once retail comes comes in institutional FAL starts to come in that's when leverage comes and that means we get very volatile where we shoot up like crazy and then we come down 20 30 40% and we should expect a bunch of those over the next year yeah it's amazing the excitement of everything that's happening right now and Retail coming in is very exciting and I think you know the word parabolic gets thrown around a lot and that's great everyone's like and or even predictions like we only have 12 months left of this bow kind of lead to a little bit of fomo which leads to people more likely to do leverage and more likely to jump in and I mean these are the type of tweets that get the

engagement so I understand why you write them but right now in this week where my head's at and I'm curious where your head's at Kai is you know spot and chill like continue to buy the spot and just be super patient because now is when the fomo really starts to come and the more the fomo comes the more we're going to see big ups but we're going to see some big Downs too and then that's when you make bad decisions you either get leverag and you get washed out or you sell because you're scared of a 20 30% drop which isn't that weird yeah I mean if you just hold crypto and you just don't sell it you always come out on top if you're longterm enough and especially in a cycle like this it's pretty easy to like buy it's not easy but like if you

were around and you understood what was going on I mean we've all been buying for the last year and a half if you just do nothing no leverage no defi no staking no nothing you just sit here for a little bit in a month in a year from now you sell it you're going to do extremely well and you're going to do so much better than most of the traditional Finance world so the biggest thing I can say is just don't [ __ ] this up just don't start doing stupid things I actually was just looking at the the Tweet here that I have up of the retail trading volume below it someone else said actually closer to probably 18 to 22 months because what they're showing is the global liquidity cycle which is something I follow a lot and and completely agree with these are the

cycles that I have said for a while now is what controls the cycles of crypto you can see we are in a global liquidity cycle and so probably this is probably a better indicator of when we hit the top of the cycle but looking at things like Leverage and retails is obviously very important as well Kai I'm glad you can see something from that chart because that thing just looks like absolute gibberish to me I don't exactly know what you're seeing but I'm glad you could see that it's 18 to 20 months left 22 months less than Global recycle any me any of these time frames any no I think those are solid time frames those are solid time frames you know what you're talking about give yourself some credit any final thoughts on the market on the week what to think about for the week ahead look I I I

don't like calling pullbacks because you you just no one really knows when they when they are going to come so like I'm not saying they're going to come this week or tomorrow or something but like all I know is 100% we will have a pullback now is it when eth is at 3K or when eth gets to 4K like I don't know which is why like I wouldn't really care too much about this stuff this stuff matters when we get more to the top of the cycle right right now when you get a pullback or don't get a pullback doesn't really matter we still have so much more room to go so it's not that big of a deal of course if there's a pullback that's probably when you want to allocate Capital but also just dollar acrost the average is fine anyway if you

get it at 3K or at 2500 not that big of a deal as long as you're selling it up at like 10K and so I wouldn't worry too much about this stuff you really need to get more specific and care about timelines and things when we get closer to the top of the cycle but we're not even at time highs yet so I wouldn't be too concerned yeah it's a good point because I think that now is when a lot of people start to mess with their consistent strategy that they've had all year by starting to say oh I'm gonna wait for the next pullback to do my next DCA right like I'm G to push my DCA a few weeks like maybe you let's say you DCA on a 15th of the month usually and you skipped it this month because you're like oh like everyone's talking about a

pullback to coming and you start to wait for that and those are the decisions because what maybe it doesn't come for another maybe it doesn't come for a few months and now you miss out in a few months of DCA that's not a good decision so now is when you will get challenged on the boring Investments making don't sway like stick with it don't try to catch a falling knife so to speak because it's impossible keep it boring that's a good thing let's move over to our top stories of the week because if you're doing well in crypto you're probably going to want to buy some nfts and [ __ ] up your entire crypto strategy like I did in the last cycle and if you want to buy some nfts you're probably looking at yugal laabs which is the

biggest nft company in the space who made some massive moves this past week let me catch you up on what happened with yugal laabs so first up last Friday so this would be a week ago when you guys were listening to this ulabs broke the news that they acquired proof which includes the proof pass moonbird Oddities mythics and Grails the key details of the acquisition are it includes all the staff all the IP the art portfolio and most importantly the treasury of proof which is estimated to be worth about 20 to $40 million Kevin Rose will become an adviser Kevin Rose is out as the leader of moon Birds he'll become an advisor to

Yuga I think he's pretty much out he's wanted to be out for a while he's been talking about selling this pretty openly for a few months here and no surprise Yuga plans to Ed moonbird into other side and into their ecosystem look big announcement Market response moonbird shot up which is great for me I am seriously thinking about selling my moonbird now I'm pretty much just waiting I'm gonna sell it any day I think maybe I'll keep it in ether who knows maybe I'll J do you remember when we did that Moon Birds episode remember when we did the moon Birds episode I think it was a live Twitter space and we just we were like should jell or or keep his we came June last year and I think the decision was you should sell and you

were like I understand that's what the decision is but I'm not going to do it what was it at at that point do you remember it was around what it is now I I don't remember it was around two eth like maybe it was like 1.7 or something like that it's it's very similar to what it is now so but you can go look it up if you feel like it was at a different price and you want Pro I'm gonna look it up right now while you continue like be remembering that to like make myself feel better so that all H oh and the one more thing on this was the exact details of this deal were not disclosed but it was disclosed that this was a share deal so what that means is Yuga purchased moonbird for shares of within Yuga which means they didn't put any cash up front

for this deal which is a big deal for them because that means they're acquiring MB Bird's 20 to $40 million treasury without putting any cash up front right now which as we're coming out of this bare market and snow know everybody knows yuga's been struggling for Revenue through his bare Market because royalties were their number one revenue and yes they still make royalties but not nearly as much in the past year so getting 20 to$ 40 million come into your business is H pretty nice right now which is probably one of the biggest parts of this deal to be honest then the news didn't stop there for Yuga on Wednesday Gara announced that he was coming back as CEO of Yuga and taking

back over The reigns from Daniel Allegre So Daniel Allegre is out as the CEO I don't I'm not clear on whether she's staying involved in any way or whether he's completely out but Gara who is the original founder one of the original Founders there's two founders of Yuga Labs he is back in as CEO and we'll talk a little bit about that announcement and what he spoke about there but before I go on Kai what do you think about all this news out of Yuga Labs well I mean there's just so much at Yuga and let's dive into it but first let's walk through who Gara is and who Daniel was or I guess still is but so Daniel was a previous I'm not sure if he was the CEO or something of Activision and coo and

president of Activision previously of Activision so a massive massive gaming company he's like highly Highly Educated unbelievable resume in in the world of gaming in the world of tech Etc and running companies Gara though is was he anyone before Yuga no Gara is a I think he's an artist to be honest like I don't think this is his first big big thing right which like look I I do think that founder-led companies tends to be the best thing for a company as soon as you go and you get to corporate and you just get some corporate guy to run your company or girl it tends to water things down we see that in the tech World a lot the longer that a Founder can stick with

the company that usually the better they do I don't know who this gu guy is if he's a beast or not a beast like I'm I don't really have much to say on that what I think Yuga needs is some sort of Direction and focus they've got so much going on like we can kind of cover some of it like yugul laab started with the launch of you know borit Yacht Club then they have mut muttin a yacht club um and that sort of like series of nfts which did really really well became one of the biggest in the entire space back in 2022 I think is when they had their like biggest time but 2021 as well then they also launched other ship other Deeds side which gets you into other side other ship is a ice bath place in in Toronto that Jay and I have gone to a

bunch so kudos to them shout out to them but not not what we're talking about here so other side which I mean they raised a ton of capital on for that and there's how many nfts with that 100,000 100,000 100,000 of these other which is their basically this is the like land in their big metaverse that they're going to build and then what else they have they acquired Crypt punks and meitz last year now they've got moonbird in proof they have a team of like over 500 people as far as you know this is now even bigger with the purchase of proof and yet I mean they have Revenue like you said they still have some royalties they do own a [ __ ] ton of assets but there's just no direction on like where they're going next and at least Garda did put out some direction of where they're

going to go do you want to sort of walk us through what that is Jay yeah let me first talk just a little bit about proof and moonbird and then I'll lead into because gargi talked about why they acquired that my my main Takeaway on this is that they acquired Pro Moon birds for the money and because Kevin Rose wanted out and I think they got moonbird super cheap and for the probably we all know it's it's hard to find good people and proof team is very well respected within the space now the one thing that Gara did say that sort of caught my attention about this is he said that he thinks cc0 was a mistake for moonbird that was very interesting basically says we have a bunch of

thoughts on that and what that might mean going forward too early to say but it's something I'd love for us to solve in order for the moonberg ecosystem to reach his potential so I'm not a lawyer I don't know if they can go back as far as I know you can't go back like once you go cc0 you can't go backwards but maybe they can or maybe he has another idea to solve this and to get IP rights back so who knows but sounds like from his perspective they got more talent and they got a nice treasury which is obviously helpful now to talk about his thoughts on Yuga as a whole he sort of broke down his thoughts into a few different categories so let me bring up each category and the kai you can jump

in first you talked about bour B club and the importance of bour B Club within the ecosystem as you said Kai with so many different nft collections so many Brands b b kind of feels like they've gotten forgotten even though they're the main asset here and so the way they're dealing with that is they started a regular board meeting as in b o r d this past weekend 700 ape holders is token gated 700 AP holders showed up to that meeting and they talk about basically how the network of Bard y Club is the most important part and they want to flourish that Network and allow people to come together more that's why AP Fest

is so cool and the way they're going to do this is they're actually spinning not spinning out but they're creating a subsidy subsidiary for board Club so it's going to be its own LLC that's going to exist underneath yugal labs and it's going to have its own team that focuses on it so we'll see where that leads for board ape clearly they understand network is important and IP is important and they have made by Apes their IP their product that allows you to use the IP of your ape and put it on a water bottle or a beer can or whatever then he starts about other side he said his goal for other side is it should be the living room of web 3 the default place you go in order to play and hang with your community no matter what community that is and then he says this

is a massive swing for the fences and I think this is what we've all known from the beginning like can youa achieve this goal of creating the living room for web 3 like the place where imagine you didn't start when you logged onto the internet you didn't start in a browser in Chrome you actually started in the metaverse in the yugal laabs metaverse other side and then from there you surf the net and you buy things you talk to your friends like that's what yuga's trying to achieve here is that possible who the freak I have no idea that's like such a massive moonshot goal so we'll see and then the last thing he talks about is he talks about gaming and where does gaming fit in for them and

basically he says gaming needs to look at focus on two things one is it needs to be able to go to the masses so we need to build games that are simple and fun and anybody can get involved with so we can onard board Millions he thinks games are top of funnel let's get people into the ecosystem by playing a casual game first and he obviously talks about Dukey Dash because that's their big game right now that they're focused on and then he also talks about how they really need to be more crypto native and I think that's one thing that they realize they lost with Daniel Allegra is that feeling of being a crypto native Community really leaning into I mean that's really what bour B Club has been from the beginning when you have Founders like Gara and Wy like these

guys are they're hardcore crypto natives that were here early on and so he wants them to not lose that part of who they are as they continue forward yeah look either Yuga is run by a bunch of people who just have a bunch of assets but have no idea what the heck they're doing or they have this like Mega plan that none of us can wrap our heads around and they're extremely smart I honestly have no idea but there is no in between they're either just a bunch of rich people or people that locked down have a bunch of money and like have no idea what they're doing or like they're extremely smart and honestly I don't know here's my thoughts is like they are trying to tackle three massive like brand new Innovative Industries all in

one right it's like they want to build a metaverse and so they've got a whole team focused on that they're trying to be the Roblox of web 3 that's freaking hard even Roblox is struggling and it's so hard to build what they're building and these guys are trying to build it for a smaller audience and start from scratch and like Roblox spends billions and ions to do what they're doing can other side do that with like I know they have a lot of money but not a lot of money compared to what something like Roblox has so like can they do that I don't know then all of a sudden they're now in gaming and they want to like build a bunch of games like if you're G to build a bunch of games that's probably should be the only focus of your business how are you trying to

build a bunch of games and then also try to build this like metaverse Roblox type thing that's a lot and then at the same time they're trying to run seven different nft projects which again is a thing that like there is no written playbook for it if they were just like I don't know selling like doing some sort of e-commerce business that people have done for years and years and years okay that's not that difficult go do it you could do that and replicate it a million times with each project but that's not the case here there is no playbook for any of these and so like they're trying to succeed with like I don't know what is it seven or eight different nft projects that there is no playbook for then they're trying to build a met vers and they're trying to build a bunch of

games like I don't know man like I said they're either going to knock out the park or they have no idea what they're doing well it's super interesting you bring up Playbook because the easy thing to do is to compare them to pudgy penguins at this point they're pudgy penguins and bord Club are neck and neck right around 20 eth as the leading nfts in the market and hudi on the other hand unlike bour pudgy is using a very well defined Playbook to build their business they're building their business based upon an IP Playbook that Luca Nets has done twice before twice before he's built a toy business to eight or nine figures so very interesting to consider basically it's like investing in Yuga

and I mean you're not investing in Yuga if you buy one of their nfts let's be clear you're investing in the nft which is a whole other thing but that is like it's taking him big moonshot very risky pudgy feels much more like I don't know like the stable company that yeah it's a startup but a much more predict a investment to me not Financial ADV I don't know this one's um it's one of those ones where I just don't know I'm not placing any bets on any of those we'll just see where I'm rooting for them I would love for youa to do something cool because this is a web three native company and so it' be great for them to do something really big but I don't know I'm glad I'm not a part of that company right now if if you want to

learn some fun stuff about youa you should go back and read I wrote a pro report about them a few months ago focused on the number of millionaires that were created during the last bull run as a result of Yuga nfts it was over 300 millionaires were created from investing in Yuga nfts so it's a fun read if you want to look on chain there is one thing I think of Yuga that they could there's a chance that could do really well so like they own a ton of assets and if the nft bull market comes back which we're going to talk about in a second and we can figure out a way to make sure that royalties remain on chain which magic Eden is launching their nft Marketplace in partnership with Yuga I think it's next week they're supposed to do something with royalties we don't

know what but if that happens where we get a Marketplace that is using royalties and people actually use it and these nfts all start to go up again and Bard yakub does well and mutant ape and moonbird and proof Etc similar to how it went last cycle then they will print money on royalties without a doubt I'm not a 100% sure I do think we have an N Bull Market again just to get clear I just don't know that it happens the same as last cycle so will these ones pump will they get royalties at the extent of which they did last time that I'm not sure if they do pump though they hold a ton of them in their treasury that they could sell so like they do have a lot of potential to make ridiculous amounts of Revenue if things come back yeah yeah

great point you know who both of us do have a lot of conviction in is coinbase Kai what happened with coinbase this week yeah coinbase dropped their earnings of Q4 earnings plus their just sort of breakdown of everything from 2023 and it absolutely Ely destroyed all of wall Street's expectations I mean it pumped in price number one but I think the smart money or the the I would need call these guys smart money anymore when we're talking about crypto web 3 but like the trafi money was just like they were so clueless on what was going on I'll going to go through a bunch of the numbers of what happened with coinbase but the big reason why they were so far off in terms of analysts is they're looking at coinbase over the last year

year and a half in its numbers and they're not quite factoring in what happens when a bull market comes comes back which we've had early stages of in Q3 or sorry in Q4 and then of course this year as well and so I think that the analysts just aren't really projecting at that they're projecting based off the lowest of the low numbers and so coinbase just absolutely crushed here's some of the high level numbers just to give an idea so first the revenue for Q4 2023 hit 9538 million the estimates $ 826 million so they smashed it by more than $130 million so that's wild their revenues for 2023 were 3.1 billion which are

similar to 2022 which was 3.2 billion however the difference here is that this year or 2023 they were 95 million in profit whereas in 2022 they were 2.6 billion at a loss so the difference is massive and the reason for this what they did is they were able to ship a bunch of products right base their um derivatives exchange or platform that they put out and then their subscription service with coinbase one I believe it's called so they they launched a bunch of new products but they did it with 25% less staff because remember they had the big layoffs that they had last year so they were able to save a ton on expenses I think they reduced their operating expenses by about 45% so almost cutting it in half which

is insane and then increasing revenues at at the same time but also just getting more revenues from so many different products a lot of the revenues were coming just from the basically the interest rates so interest rates are high they own they hold a bunch of usdc and so they can get the interest from that so that was a lot of their revenue in 20122 and early 2023 but their subscription Revenue went up 78% to 1.4 billion from last year their usdc obviously still well because rates are still high but they also launched base which now they made some revenue from it's not a massive amount but they accumulated $600 million in um value locked on top of Base which was a surprise I think think to most people because it launched in August so like in

a few months it's pretty crazy and then also they stake e and they make a [ __ ] ton of money off of staking their e and if that's not enough all the Bitcoin ETFs that were approved there was 11 of them coinbase custodies eight of those 11 and like 90 something percent of all the assets under management so again not making a ton of money from that but a decent amount and then the ethereum ETFs that are coming in a few months coinbase will be the main custodian for those as well potential for more staking Revenue from that so coinbase is just an absolute beast and most people well most non- crypto people did not see it coming man it's just incredible now obviously Wall Street readjusted their projections for

coinbase I think it went from like 140 to 240 is that the jump that it some of them some of and even JP Morgan though was like was still saying it was a sell and it should be like $80 or something like that something ridiculous I was like well they have no idea what they're talking about like at the early stages of a bull cycle and these guys are executing at this high of a level oh my God I couldn't be more bullish on B coinbase right now well and that's not even to mention coinbase Ventures which is their investment arm of coinbase right which basically has a portfolio of early stage startups companies within crypto that they've invested in and it was noted that this was worth 1 billion

dollars on their uh on a previous call I think and then it came out in this earnings call that it was actually the cost price was $1 billion not the actual value so they purch go ahead yeah just G to say so what that means is coinbase Ventures is like um an investment firm right so they invest in a bunch of startups and so they invested I don't think it was a full billion but something you know hundreds of millions of dollars and so what they're valuing that portfolio at because these are private markets is just how much they invested they're not valuing it at how much that thing could potentially be worth and so like some of the examples of the Investments that they put in Celestia Celestia is probably the best

performing asset that has this year right this thing has gone nuts over the last couple months arbitrum dydx like the list of companies that they have invested in and how well these companies have done over the last six months this could be worth 50x what they are saying it is in the earnings calls so that's a massive little underlying thing that I think probably the market like the trafi market just doesn't understand and then we also found out how much of circle does coinbase own yeah coinbase owns somewhere around 3.5% I don't know that's fully confirmed but I think it was 3.5% and what's huge about that is circle is IPO this year and so again when that IPOs will see what they are

valued at but coinbase owns 3.5% of that so coinbase just on all levels in terms of the revenue they're bringing in in terms of the amount of Treasury they have I forget they were in the billions for how much how much money they hold in terms of just like having their hand in everything that's going on in the trafi world for crypto now also in the onchain world and then also you know owning a piece of some of the only other crypto company that's going to go public in the US so far it's just these guys are just nailing it on all levels so if you can't tell not Financial advice but both Kai and I are very bullish on coinbase and very they earning yeah they put their earnings report on chain too so you can mint their earnings report which I would recommend everyone do because again at

some point coinbase is going to launch a token I don't know when that's going to be it could be years and years and years from now but anyone who is getting involved in these early things like the nfts they had for base when it first launched something like this the first ever earnings report to be put on chain I don't know I'm assuming something's coming our way in due time well what was interesting about this mint because they've done as you said a bunch of open addition mints to celebrate launches and various steps and Milestones that they've hit and this one is soulbound whereas in the past a lot of theirs have not been soulbound so this being soulbound would indicate even further that they might be considering using this as a potential Point within a future airdrop over 378,000 people have

already minted this earning support we'll put the link in the show notes so you guys can make sure you guys get there safely and do this free mint through 7,000 wallets not people I would imagine there are people farming the hell out of that earnings report which is hilarious and never something I never thought I would say but that's definitely what's happening there all right let's go from coinbase to the nft market which is having a little bit of a moment right now and it was all set off this week when someone spent $4.5 million to acquire a set of 10 autog glyphs what are autog glyphs autog glyphs are the First on chain generative art on ethereum and generative art is really seen to be uh a provenance of a

the beginning of a new movement on chain that people believe will be sort of like the Mona Lisa a hundred years from now and as a result autog glyphs have incredible value and that's why somebody bought 10 them for $4.5 million the person who purchased these purchased them just three years ago for $1.4 million and then flipped them three years later for a nice 10x approximately so shout out to that person really exciting to see this type of buy we talked last week about ether Rock selling there was ether rock that sold for $750,000 there is some big buys happening in the nft market look the nft

market is still not in the bull cycle it's still not back but usually when you start to see these types of large purchases it's because there's some big investors who can see that an nft bull market might be coming and they want to front that and get in early and this was one of the biggest Jay or what was was we had some fun let's look at the list of the top NFP purchases of all time here's the list I got up on screen here the first is the merge which is actually an nft that Kai you and I had never heard about when we were researching this this was an nft that was one nft that got fractionalized but B basically that one nft if you fractionalize it across it was like 30,000 people who

bought this it was $91 million for that be's every day was 69 million we all know that and then be has another one in the top five and there's a few crypto punks in the top five one for 23 million one for 11 million so there's some big buys that have happened now these are all in the past so the fact that we're now seeing this autog glyph purchase for four 14 million now you're buying 10 nfts for 14 million but I would say yeah these are the interesting signals to be keeping an eye on if you think there's an nft cycle you want to be paying attention to yeah I think um without a doubt the nft cycle is coming and I mean obviously it was better to be buying a few months ago because I think we put in the low a couple months ago but we're

still pretty low with a lot of these obviously something like puny Penguins is sort of leading the leading the market kind of like salana led the market last year in the mid to end of 2023 um and maybe Bitcoin I guess as well and so so I think the nft Market's coming back a lot of this I'm just unsure if it comes back the same as it was last time usually each cycle there's a lot of things that rhyme but they don't repeat exactly right so I don't have enough insight to say which one specifically are going to come back I'm not fully invested or I'm barely invested at all in nfts I just don't I don't know it enough well and I think the tough thing is nft liquidity is so fragmented right now because you have nfts across so many different

chains and you also have so many nfts from the last cycle which have the brand recognition but have they really created a successful business that would be the main thing I would be looking at is like don't look at their price action look at what have they done to make a business and create Revenue but then you also have all these new nfts that are going to come out in this coming cycle and they're going to be more hyped in a lot of ways because they're new and new gets exciting and new attention it's why restaurants Rebrand every five years just to be new so it's very difficult to predict nfts another thing that's going on in the nft market this week which is another sort of signal to me that it

could be the early stages of a cycle for nfts is over at NBA Top Shot there is a moment happening over there where one type of packs are selling for 7x what the original price was within two weeks so you buy these packs for $250 and you can turn around and sell them for 1,700 within two weeks that's frothy to me I shouldn't say that's froy that's very speculative on something that we all know NBA top shots was early in I mean really started the nft bull cycle the first time around so here we go again another signal that okay people are these aren't NBA fans that are buying these packs and then you know buying them at 7x value no these are all

DG that are trading and there's a tension over there so that and that's DG's trading is what causes the nft cycle to really go so these many bull markets happen in these different sectors and then eventually it all kind of comes together so things are popping off well and then the last thing we saw was for a brief moment hudgi flipped borap Club this week only for a brief moment it's not there anymore if I look at the prices right now right now Bape is at two 22.2 floor and pudgy is at 19.5 so I actually got a little bit more distance between them now but at one point this week pudgy was at 22.9 and B yaka was at 22.6 so we saw that Mo that flip for a

moment and then in the same week pudgy also announced that they're back in Walmart again Walmart has reordered pudgy penguin toys Kai I actually got some right here I don't if you can see this little guy I'm ping about oh wow nice candy uh one of our community members sent me some pudy penguin toys and they're pretty dope pudy penguin toys are in 3,100 Walmarts for I don't know how long they're going to be there for as part of this order but that's exciting news too so yeah lots of stuff happening over the nft market pudgy man just continues to crush it who would have thought okay let's go to worldcoin was pumping this week Kai what's what happened over here yeah I think

worldcoin is pumped mainly because Sam Alman is getting back in the news he's raising what 7 trillion dollars of capital to I don't know to do his next project which is to compete with Nvidia basically that guy's just got a lot going but obviously Sam Alman is also the co-founder of worldcoin so it's sort of like the dgen the Crypton natives way of betting on Sam mman is to just buy worldcoin I guess and so worldcoin has just gone absolutely nuts since all that have happened the one thing I would say with worldcoin is the market Gap is not so high uh but if you zoom in and look at the numbers a little bit further uh like what is the market cap here it's about one 1 billion so nothing too crazy but if you look at the fdv which is the fully diluted market cap okay so the

fully diluted um valuation it is 76.7 billion dollar it is the fourth highest valued token that exists which is insane and makes no sense I guess one thing is worldcoin now has 3.5 uh million verified active users and these are real humans because the only way you can um get verified is by proving that you're an actual legit human so not many other applications on chain can do that everyone else is just wallets not users so like it is one of the largest apps which is quite interesting there's not a lot you can do on it other than sign up get verified get a bunch of well not a bunch but get some World coin tokens which most people are likely selling and then uh it's just a wallet after that so

there's not much to do there's a bunch that could come to it is it worth a valuation of 76 billion I don't know that's a bit C easy I don't think most people even realize that I don't think a lot of people in the space look at FTV the reason why that's so high for those of you that just aren't quite sure is the amount of tokens that are on in the circulating Supply right now versus the total supply of tokens is 176th of all the tokens is actually in the circulating Supply 176 so it is a fraction like a small amount of tokens that are available on the circulating Supply the rest of it is being held by the world coin team it is meant to be air dropped out to those who are getting verified it is meant for investors and so this is sort of like a I don't know

if they're doing it so I don't want to put words in their mouth but it's kind of a thing that scammy projects do where they hold back a lot of tokens so that their FTV looks really high and it allows them to just like get a better sort of valuation and look like they're bigger than they are because most of the tokens just can't be sold and that's what world coin's doing now whether they're doing it for that reason or just because that's their plan and how they want to do it I don't know I don't want to say anything specific on that but that valuation is absolutely nuts especially considering the only point in the token right now is to just incentivize people to sign up and then pay them weekly in that token for no reason so anything can happen in the bull market but in a bare Market you

don't want to be caught holding a token that has an FTV like that yeah this is an important number that kind of comes up a few times in today's episode I want to jump into air drop them like it's hot but our first story here we're also going to talk about their fully diluted value H Kai starnet their claims opened up this week bring us up to speed yeah so we talked a lot about this last week so we'll keep it short but you can now claim your Stark tokens if you are eligible to do so that began on the 20th I believe so far 8,000 wallets have claimed which is about 48% of all the wallets and I think about 70% of all 74% close to now of all the tokens are now claimed they's still

about so 432 million tokens have been claimed I'm not sure what they're doing with the ones that aren't claimed I think they're redistributing them so people might be getting more tokens or they may burn them I'm not exactly sure it's going to work but interestingly again we talked about this last week there's a lot of noise around their distribution they're Distributing just a small amount of their tokens as well so when the token dropped we got to see the price as well as the market caps of it and the fdv of starnet when it launched anyway was 30 billion which is way bigger than arbitman optimism arbitr around 20 billion optimism around 17 billion starna and polygon 10 billion right Stark has gone down since then but to be valued much higher than arbit and optimism doesn't really make a lot of

sense also considering after they launched the Stark active addresses went down from like 250,000 to like 50,000 or below and so basically all the farmers are like okay we're done here and we're going to move on to the next thing so how sticky is their Community it doesn't seem to be vary still think Stark Net's doing some really good things their Tech is amazing so I I have high hopes for them but should they be valued more than arbit optimism right now probably not yes it's interesting because we have two projects here which when you see a high fully diluted value often as you said Kai it comes from a scammy project who's trying to inflate their numbers by only releasing a small percentage of their tokens to begin with but I believe in

both worldcoin and Stark net both are very well respected teams I think both I don't think either are scammy I don't get that feeling at all so it's interesting to see two projects that done this in the same week we'll see where this lands and this might be a new playbook that they're experimenting with but it also could be dangerous so be careful with your investments in both of those worldcoin didn't just recently launch so that wasn't this week they've been around for a long time but Stark net is the one that's done this for sure let's go to op Who air dropped 10 million op tokens this week in their fourth air drop this was valued at $40 million and is going to 20

3,000 wallet addresses and what was really cool about this was who this airdrop was for this was focused on airdropping to creators op said that they value creators they think creators are a really important part of web3 and onchain activity and so they wanted to reward creators on op and on ethereum so for any user who created what they're calling an engaging nft and they have some information about what is an engaging nft it has to have been purchased and have certain amount of buy sells around it uh but if you created a engaging nft on either ethereum mainnet or on optimism super chain between January 10 2023 to January 10th 2024

then you are eligible right now to claim rewards we'll put the link in the show notes you should go anybody who's created an nft should just go check to see if you're eligible to claim some of these op tokens yeah interesting they base it off of how much gas fees were paid to Mint or transfer transfer your nft so which is interesting because that's how optimism makes its Revenue so they're basically saying hey those that are generating revenue for optimism we're going to reward you really really cool I absolutely love that if you think about how this because you think of nfts as creators right similar to creators that are on Facebook and Instagram and Tik Tok Etc who give next to no money to their creators and optimism saying hey

you didn't even ask for anything you didn't even know we're just surprising you with many of these people got thousands and thousands of dollars for helping them create on their platform really really interesting love that blockchain enables people to do this also just to go back to the FTV thing holding back tokens isn't necessarily a bad thing like Stark net has plenty of tokens and now do things like this so maybe we're just witnessing something that's just very different optimism has done an incredible job at retroactively rewarding people and saving tokens to give value back to the community maybe that's what Stark net that is what world coin's technically doing so like there are reasons for it that's why I say it's not necessarily a scammy thing it's just a little weird scenario that we're not really used to and we'll see how this plays out okay next up another airdrop

that we've talked a lot about is igen Lair which is upcoming and what we're seeing right now that's very interesting is a points trading market for igen Lair points Kai what is the current value of Igan Lair points in the points trading Market yes so you can go to Wales Market it's wales. market and that's there's a new new predictions Market basy well it's not predictions it's actually you can trade your points and so you can kind of get an idea of what the market is expecting the price of these points to be or what they're worth currently so we have a tweet up and this was just from a couple days ago and the points were sitting at about 15 is it 15 cents per Point okay which I mean that's pretty cool if you've got thousands of

points you're making some pretty good money there I was pretty happy to see those numbers but then yesterday igen leer announced that they received an investment from a16z which is is um andrees Horwitz and they received an investment for $100 million which is pretty massive and so just in the last day these points are now worth I'm looking at up on the screen here anywhere from 25 cents to 32 cents actually here's one at 37 cents so the numbers of these points are going up big time which I absolutely love to see and I mean we've been promoting Ian layer airdrop for a long time so many of listeners are probably should be already doing this your points we can already

start to see now I think they're still months away from launching this token they're main net from what I saw on a podcast yesterday they said that their main net is probably launching early Q2 and then we don't know points yet but I would assume or when the the token gets launched but I would assume it's at some point after that all right let's go from airdrops to agree disagree our favorite segment of the week first up we got an agree disagree from our man Kyle himself let me read this to you guy and then maybe you can explain this one since it would be weird to disagree with your own tweet you said I know everyone thinks crypto ux sucks but have you ever tried using a bank at least I can get a wallet and take out a loan in crypto from my

couch I take signing a transaction twice bridging over going and bridging versus going into a physical location and signing 100 papers any day crypto is a 10x Improvement already and we still have a ways to go on that yeah I said this because and it got some decent engagement because people always say that crypto ux sucks and no one's ever going to use it and every time I do anything with trafi like I mean if I have to use a bank for anything it's terrible when I have to exchange currencies it's terrible and expensive when I have to get a mortgage that was the worst experience of my life I regret ever buying a home just because of what I had to deal with it's terrible even like when I want to fund my we use I use questrade in Canada but this would be

like your Schwab account whatever your investing account even that I send money there it takes like three days for it to get in I can only buy and sell my assets from like 9:00 until four o'clock and then I can't do anything with my Assets in between then I can't exchange my like Tesla stock for my Bitcoin ETF I've got to sell it pay the fee for that into U or into Canadian dollars and then I've got to go and buy and pay the fee for that right I can't move my Tesla stock to somewhere else it's stuck in there like everything about the tra system sucks but we're just used to it because that's the norm but it takes forever it's expensive you've got to go and like upload your like electricity bill to get

approved to have a bank or like it's ridiculous the things you have to do yet everyone does them and then I think about how easy it is my girlfriend actually set up a Bitcoin wallet yesterday or no might have been this morning it took five seconds I we got a Magic eeden Wallet which I've never even used so I didn't know the ux of it but literally you just download to your Chrome and boom you have it she sent the address to someone that was going to send us some Bitcoin and way you go it took 5 seconds from our couch and I was just like man imagine that we had to go to a bank and open that up especially I mean we couldn't because we're in Brazil right now right and so like that ux is unbelievable and I just think people are

missing that point and then you add on all the other things of the programmability and the defi that comes along with that etc etc it's like man that ux is already 10x better but even more so it's even more than 10x better because a billion people in the world don't even have access to a bank like three billion three billion people yeah three billion people in the world don't even have access to a bank and yet you can go and in 5 seconds you have access to a new version of a bank so like look we're going to improve a lot of the ux but man what we're already what we've already accomplished with crypto is just unbelievable and people still are fading that which is wild to me I nothing but nodding head to agree with that great great take Kai okay next up we've got

the defi Edge who says fundamentals don't matter that much in a bull market unfortunately you're far better off trying to understand herd mentality Market sentiment and pump mentals if you want to make it you know what when we did our run through yesterday with the community I agreed I actually disagree and the only reason I disagree is so it is true fundamentals in Bull markets don't matter and so like if you want to catch the tokens that will pump it's not about fundamentals it's about narratives it's about herd mentality it is those things however if you want to make it trying to invest based off herd mentality and sentiment in narrative and pumpamentals most people will get wrecked unless you are full-time and most people L this on this podcast have legit jobs and are doing legit things

and you are not doing this full-time and so I actually disagree if you want to make it buy the things that are fundamentals and just hold on to them and don't do anything else so I disagree o I like that I like that because you're right like fundamentals don't matter in a bull market if you make them not matter to your strategy by trying to chase all these other things that are very hard to predict so don't make that mistake most people are gonna invest in the things that have already pumped right it's hard to be way ahead of everyone else and also most people are not going to know when the top comes and if you're holding any of these [ __ ] things that have value because of narratives and pumpamentals that thing those things drop 20 30% a day things with fundamentals don't do that right they

still go down but nowhere near as much as those so you at least have time to get out and most people they don't realize that so I actually think you want to stick with the things of fundamentals well and here's the key driers is it all of it all as I go to our next tweet is expectations and so Eric buunis says it's crazy to me seeing people reply with when moon when Lambo he says huh IIT is up 133% in a month that's double QQQ and BTC is up 110% in the past year is that not considered Moon how high exactly are your expectations for context as a 6040 I'm happy with 7 to 8% annually okay so there's a lot of abbreviations I'm going

to just explain a little bit about what he was saying but I absolutely love this so IIT is the Black Rock Bitcoin ETF which is up 13% a month QQQ is the NASDAQ tech stocks what else do we have there BTC obviously Bitcoin 6040 this is people that own 60% equities 40% bonds very common investment strategy that's what most people in the trifire world do and most people when they do that you get about 78% annually that is sort of like a good return and what's expected long long term if you're Contin invest in the market that is really good and when I first got investing I was like okay if I can get 10% like I'm smashing the market like that's wild okay here we go 10% but then when you get in crypto you realize 10% happens in a day and it doesn't mean anything right like that

because it's so volatile like 10% doesn't actually matter what matters is 20 30 40% and more right in a in a weekly basis but crypto we're so blessed I guess because we get these thousands of percent returns in a cycle which is just unheard of in any other Market people just don't get that and so we are and a lot of people in crypto this is the first thing they've ever invested in and so we we don't get it get what it's really like in the other world which is why we get so greedy and so like bored when you know we only go up 10% and we start trying to get into these crazy coins whereas if you're someone that comes from the Jal market like Eric I mean 110% last year and in what is considered a bare Market that's just

absolutely unheard of and so it's a good thing to just like sit back and understand expectations pretty funny though yeah I I completely agree I think expectations are a dangerous thing and we've talked a lot about the number of people in our community number of people say that they expect 10x look be very careful if you expect 10x because that's what leads you to chase 100x in order to get 10x and chasing to be fair the 10x isn't that difficult but you had to buy it during the bar market right when the time when no one was buying and look if you were around and you listen this podcast you were doing that because we were telling you to do that and I'm sure you've that was your goal 10x is pretty easy there eth Bitcoin they're all going to go 10x from the bottoms of this bare

Market that's no problem trying to get a 10x from like today or from six months from now which is when most people come in that's when that [ __ ] gets really hard okay next up we have zenica he says pretty sure this Cycle's nft Bull Run will be on the back of protocols airdropping tokens to communities will create a speculative Mania bubble and prices will get ridiculous and then it'll come crashing down the circle of crypto life this was a great take and I actually completely agree I had not thought of this either although it was right there in front of us what is one of the things we've seen over the last maybe two months recently that we did not see before is nft communities getting air drops right we've seen pudgy penguins get a few we've seen I think sappy seals and like a few others from

different airdrops recently we had never seen that before before it was users of l2s users of different different chains but we had never seen nft communities and that is starting to pick up steam and I think that that actually does continue and once People wrap their heads around that like what zenica is saying is Well then everyone's going to want to go and buy nfts so they can get aird drops just like what we saw with Cosmos or sorry not Cosmos injective in Tia Celestia over the last couple months there's been just an insane bull market in those two tokens because everyone's buying them staking to farm air drops well what do we think is going to happen when people go oh if I just buy Pudgies or X nft then I can FM some air drops too people made some unbelievable money from pudgy Pang pins same thing with a

salop phone right people bought the salop phone because they knew they could farm airdrops and made a bunch of money from it I could see this happening with nfts that's going to be very interesting to watch and play out now how they do it I'm not sure what is interesting is like you can use onchain analytics platforms to like look at the holders of let's say pudgy penguins and see are they high earners do they have a lot of capital on chain do they trade a lot are they very active but protocols can start to find their specific Niche based off this see who's active who spends a lot Etc on what chains and then drop to those people and boom you get a bunch of users right off the bat I could definitely see this playing out it looks like it's already happening I don't see why this

doesn't gain momentum and and continue on further so really really interesting I like this take yes cinkus da which is a D5 protocol they announced their airdrop this week and uh pgy Penguins board apach Club mut apach Club sappy seals and wck guy are all eligible communities for that so yeah we're seeing this look I think this is incredibly speculative investing if you are purchasing an nft which you think might get an airdrop so you got to get lucky you got to pick the right nft might get an airdrop you don't even know the value of that airdrop nor do you even know what the business model of that airdrop might be and if they can sustain that the value through good tokenomics so agree with the take but do

not speculate on this type of investment if you ask me this this is what we call pumpamentals they work really well in bull market KS they do very bad in the bare markets because no one's dropping tokens of bare market so what do you think happens s those nfts once all the air drops stop same with Tia same with injective Etc now it does bring a bunch of Revenue to those companies and appreciates their tokens so maybe they can then build something of value so like it's a it's a smart idea I'm not saying don't do it and you can definitely make a lot of money from it just be careful when the bare Market comes okay next up this is a great take I really like this is from DS defi they say I don't care how many top signals you watch if you wait for the moment

you're going to to miss it I'm not ashamed to say I've already taken profits on several positions number one hit a 2X number two sold my initial investment number three let the earnings ride a simple but effective strategy that I employ to stay in the green the bird is not going to round trip this year look in my investing master class that we launched what is it last year I do give a similar strategy to this where you take your initial investment out at a certain however many X and let the rest ride I would say though it depends on the tokens you're investing in so first of all we're still very early in the cycle so I don't think like taking a 2x on Ethier or like IMX or op or any of these like really strong tokens that you

pretty well know are going to do well during the cycle I don't think that's a good idea I would not be taking profits on a 2X in ethereum right now right now if it was when token or you know Pepe or whatever other meme coin okay that makes sense although I would because those things things come and go within a week right so like those are so hard to figure out so if you're going way down the RIS curve and you're in you know Meme tokens sure makes sense if it's The Bigs like the big ones I wouldn't be doing it there especially this early in the cycle even things like op and IMX whatever which are are technically Blue Chips but not really at this point they're still pretty new I I wouldn't be selling it at 2x like I still I haven't sold any of my op my IMX any that stuff

I will eventually and then let the rest ride but I don't think that's necessary just yet so it depends on what risk K in that's a a great take of that appreciate that Kai okay last one for the week we've got a photo up on the screen if you guys are listening let me describe for you it is a photo of Sam Gangman Fred that's SPF in prison this photo was leaked by Tiffany Fong an independent journalist who has followed Sam closely and has actually become I think friends with him which is how she got access to this photo so apparently this photo was taken just before Christmas in in jail where Sam bman freed is now and it's a photo of him with what looks like five different gang members we actually know

all the faces are blocked out except for one face and that's the person beside him and Sam looks rough like he his hair is all dis shoveled he's got a beard he looks like he's lost a ton of weight he was kind of chunky going into prison when he was in jail I sorry in the courthouse but now he looks like he's lost a ton of weight and next to him is Glock who is a former blood member who was friends with him in jail but then got out of jail recently and so Tiffany did a one-on-one sitdown interview with Glock where she talks about Sam and Glock describes Sam first of all you gotta listen to this interview because Glock speaks like an absolute gangster like I can only understand half the words that are coming out of his mouth

but he said that Sam is doing well and that Sam actually if this photo was being taken and Sam was I guess you know walking down the hallway or standing nearby and he was like what you guys aren't getting me in the photo like let me jump in and so then he jumped in this photo which is just hilarious because this photo has now become quite Infamous and look Sam's where he deserves to be based upon what he did but uh this photo shows that he might be a little bit afraid of taking a shower and dropping the soap tough go forf can't believe he's goingon to miss this tire Bowl cycle I don't feel bad for him but pretty crazy that is a WAP you know it is crazy is tuning in to web3 Academy every week we appreciate you guys so

much we hope those of you that are headed to eth Denver next week are excited for all that sadly neither KY are going to be there this year but if you are there we'd love to hear from you let us know what's going on so we can stay in the loop also have yourselves a great weekend and make sure you don't get caught up in the foom o stick with the fundamentals don't focus on the pumpamentals unless you're investing maybe 1% of your stuff sure take one % go pental crazy trying to have some fun but stick to the fundamentals as always we'll see you in our Discord Community make sure you subscribe to the newsletter so you're up to date have yourselves a great weekend thank you for listening to web through Academy your one trusted source to capitalize on the next big phase of the internet if you

enjoyed this episode please share it 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 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