Latest / The Paul Barron Crypto Show / Could $PENGU Actually Flip $DOGE?🐧Luca Netz Pudgy Penguins INTERVIEW🚨

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Could $PENGU Actually Flip $DOGE?🐧Luca Netz Pudgy Penguins INTERVIEW🚨 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Today we're going to dive into a project that you
• 0:01
  Speaker 1: guys will recognize, and that of course is Pudgy Penguins
• 0:04
  Speaker 1: and dive in a little deep. My name is Paul Bara.
• 0:06
  Speaker 1: Welcome back into the show. And I think when you
• 0:08
  Speaker 1: look at what's happening out there in the market, one
• 0:10
  Speaker 1: of the things you have to look at today is
• 0:12
  Speaker 1: self custody. So you guys make sure and thank our sponsor,
• 0:15
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• 0:17
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• 0:20
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• 0:25
  Speaker 1: And the cool thing with this is it's super easy
• 0:28
  Speaker 1: to set up. So if you're brand new to crypto
• 0:30
  Speaker 1: right now, this literally takes you three minutes, so very
• 0:33
  Speaker 1: easy to use. We're going to leave a link down
• 0:35
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• 0:37
  Speaker 1: you a little bit of a discount to get going
• 0:39
  Speaker 1: in self custody, which is one of the best things
• 0:41
  Speaker 1: out there. We're going to have Luca nats on here
• 0:44
  Speaker 1: in a bit, and I want to kind of lead
• 0:46
  Speaker 1: off with some of the amazing data that I think
• 0:49
  Speaker 1: is out there around the Pudgy Penguin brand. This is
• 0:52
  Speaker 1: a pretty big deal. And this is the fact that
• 0:54
  Speaker 1: Pudgie Penguins now has fifty five billion views on giffee.
• 0:58
  Speaker 1: This is comparison to Disney, which is like twenty one
• 1:02
  Speaker 1: billion views. That is a huge difference in terms of
• 1:06
  Speaker 1: brand might out there and recognition. And if you look
• 1:10
  Speaker 1: at the abstract chain continuing to climb here, of course,
• 1:13
  Speaker 1: that being what Pudgy is is all integrated around some
• 1:18
  Speaker 1: of the things we're watching. Of course, if you guys
• 1:20
  Speaker 1: go out there, you can kind of see some of
• 1:21
  Speaker 1: the great memes that are starting to build on it.
• 1:24
  Speaker 1: Even myself, I'll tweet and do quite a bit within this.
• 1:28
  Speaker 1: And it's interesting because it is created kind of a
• 1:31
  Speaker 1: cultural phenomenon. And because of that, we wanted to bring
• 1:34
  Speaker 1: on Luca nets who is coming in with us today.
• 1:37
  Speaker 1: And of course, Luca, how are you man?
• 1:39
  Speaker 2: Hey, Paul, I'm happy to be here, super excited to
• 1:41
  Speaker 2: chat with you today.
• 1:42
  Speaker 1: So we're going to learn a lot. This is something
• 1:45
  Speaker 1: that I've caught you kind of referencing often, and that
• 1:48
  Speaker 1: is some At some point we're going to see pengu
• 1:51
  Speaker 1: Pudget Penguin's flip doge and if you look at just
• 1:54
  Speaker 1: some of the Google trends right now, I want to
• 1:57
  Speaker 1: kind of show you this in comparison, and this of
• 2:00
  Speaker 1: course is doge eighth and then Pudgie Penguin's right there.
• 2:03
  Speaker 2: Now.
• 2:04
  Speaker 1: Doze has been able to kind of hold its own
• 2:06
  Speaker 1: over the past little bit in terms of the last
• 2:10
  Speaker 1: bull run, which we saw right there. You can see
• 2:12
  Speaker 1: kind of the performance of doge coin versus ethereum. Do
• 2:16
  Speaker 1: you think this is the cycle that pengu goes to
• 2:19
  Speaker 1: town on dogecoin.
• 2:21
  Speaker 2: I think the idea that doge coin is going to
• 2:25
  Speaker 2: remain the number one mean coin from now until the
• 2:28
  Speaker 2: end of the time is a really bad bet to make.
• 2:32
  Speaker 2: First and foremost important for me to note that I
• 2:34
  Speaker 2: have the utmost respect and admiration for the doge coin
• 2:39
  Speaker 2: community and the people that have galvanized and rallied a
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  Speaker 2: ballot around that token to make it what it is today.
• 2:45
  Speaker 2: But you understand the difference between pengu and dog is
• 2:48
  Speaker 2: to understand the current reality. The current reality with doge coins,
• 2:53
  Speaker 2: it inflates about three to four to five million dollars
• 2:55
  Speaker 2: a day depending on the price, and it's cultural relevancy
• 2:58
  Speaker 2: peaked in twenty four teen, twenty fifteen, and it's financial relevancy,
• 3:03
  Speaker 2: I would argue peaked in twenty twenty twenty one. And
• 3:06
  Speaker 2: then on the other side, you have this new underdog
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  Speaker 2: Internet native, crypto native character that was conceptualized and created
• 3:14
  Speaker 2: out of crypto and blockchain rails that has since you know,
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  Speaker 2: defied all odds over the last couple of years in
• 3:22
  Speaker 2: terms of creating a brand and a character that crypto
• 3:26
  Speaker 2: natives are proud and honor to be a part of.
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  Speaker 2: When you look at the impressions that we're getting day
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  Speaker 2: over day, I think right now we're averaging about eight
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  Speaker 2: hundred million impressions across all social channels around the character,
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  Speaker 2: whether that's the gifts, whether that's the Instagram reels, with
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  Speaker 2: the YouTube content that we're making, eight hundred million views
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  Speaker 2: growing ten percent month over month is a really hard
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  Speaker 2: attention mechanism to be. It's also important to note that
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  Speaker 2: we within the next eighteen months will be the biggest
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  Speaker 2: gift character brand of all time, and so I think
• 4:00
  Speaker 2: that matters is because at the end of the day,
• 4:01
  Speaker 2: these are bem coins and gifts ares right. Elon said
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  Speaker 2: this best. The person who controls the memes controls the world,
• 4:08
  Speaker 2: Luca Netts says, the person who controls the gifts, controls
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  Speaker 2: the memes, who controls the world. Ultimately, I think you're
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  Speaker 2: really making a bet not only the mimetic sentience that
• 4:17
  Speaker 2: is the pudgy penguins and pengu character, but you're also betting,
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  Speaker 2: I think, on the operational excellence that is the team
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  Speaker 2: behind it. Right, we are going to put this stuff
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  Speaker 2: on the big screen on AMC theaters. We are going
• 4:28
  Speaker 2: to make TV shows and blockbuster games around this. We
• 4:31
  Speaker 2: are going to do partnerships with the world's biggest and
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  Speaker 2: most prolific brands. And if you compound that over time
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  Speaker 2: with the mimetic value and universal appeal of the pudgy penguin,
• 4:41
  Speaker 2: it's a really hard recipe to beat, not for only
• 4:43
  Speaker 2: for Doge, but I think for any other coin within crypto. Ultimately,
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  Speaker 2: to me, tokens are attention assets, and pudgy penguins and
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  Speaker 2: pengu is a black hole for attention in the space.
• 4:54
  Speaker 2: And that's why I think it's not if it's when
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  Speaker 2: we're going to take to take the.
• 4:59
  Speaker 1: Throne, well, and I think you know, giving doj it's due,
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  Speaker 1: obviously it was done in a period in time in which,
• 5:05
  Speaker 1: you know, we didn't really have the whole meme concept
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  Speaker 1: really dialed in like we do now and this transcendence
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  Speaker 1: that you guys have been able to achieve. Agreeing with
• 5:15
  Speaker 1: you in the sense that there's so much more blue
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  Speaker 1: sky opportunity for you guys, for sure, So good to
• 5:21
  Speaker 1: see that. Speaking of that, one of the meme masters
• 5:24
  Speaker 1: that has been out there forever is of course Kanye.
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  Speaker 1: Of course he launches this not necessarily very sophisticated, definitely
• 5:31
  Speaker 1: not Lucannett's style, even on the launch video. You know,
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  Speaker 1: it's the typical Kanye kind of concept. But I'm kind
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  Speaker 1: of curious do these kinds of moves from major celebrities
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  Speaker 1: have a chance to take any air out of the
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  Speaker 1: sales of something like what pengu has been able to do.
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  Speaker 2: I think for a day or two they've proven that
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  Speaker 2: they can. I mean, one of the great you know,
• 5:54
  Speaker 2: blessings and felt like curses of the time, but Blessings
• 5:56
  Speaker 2: was Pengu's ninety percent draw down that was part in
• 5:59
  Speaker 2: Duke because of the Trump Milenia Libra liquid black hole
• 6:03
  Speaker 2: trifecta paired with tariff nonsense. That stuff ultimately at the
• 6:08
  Speaker 2: end of the day, I welcome red candles when they
• 6:10
  Speaker 2: come because red candles creates community and you need to
• 6:13
  Speaker 2: have those moments to take the next leg up. And
• 6:16
  Speaker 2: so I don't think it has any room to take
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  Speaker 2: any long term or mid term sale a wind out
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  Speaker 2: of any of our sales anybody that I think is
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  Speaker 2: building great character products or just great protocols in general
• 6:29
  Speaker 2: within the space. I do think it was a huge
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  Speaker 2: missed opportunity for Kanye to do something really special, really creative,
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  Speaker 2: really innovative, and instead he took the layman's path on
• 6:39
  Speaker 2: what he could out and execute it on it. So
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  Speaker 2: I'm more sad and disappointed for the direction they went
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  Speaker 2: instead of doing something I think really prolific and really iconic,
• 6:48
  Speaker 2: which I think he had the opportunity to do.
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  Speaker 1: You think there is kind of a transition in whether
• 6:52
  Speaker 1: or not mainstream brand builders actually get this.
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  Speaker 2: To not get this and to not participate, I think
• 7:00
  Speaker 2: in this new era of tokenization is going to be
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  Speaker 2: a fatal mistake, both for the entrepreneur and more importantly
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  Speaker 2: for their community. You know, as an entrepreneur, you're a
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  Speaker 2: custodian of your community, and the way that I've always
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  Speaker 2: looked at it, at least at Pudgy is I'm kind
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  Speaker 2: of the muscle to the high mind that is this
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  Speaker 2: community that powers this ecosystem. I think when you look
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  Speaker 2: at what it means to financially align your early believers
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  Speaker 2: to participate in the upside and the success of your
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  Speaker 2: character and your business is nothing but a net positive.
• 7:32
  Speaker 2: The way that I've framed it for the last couple
• 7:33
  Speaker 2: of years, it's either your greatest kryptonite or your or
• 7:36
  Speaker 2: your most powerful rocket fuel. And so it does take
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  Speaker 2: a certain personality type I think to harness this power.
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  Speaker 2: I think some people are just naturally not built to
• 7:45
  Speaker 2: go and lead with transparency and to be community first.
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  Speaker 2: And I think those entrepreneurs will stay in Web two.
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  Speaker 2: But I think the upside and the potential and the
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  Speaker 2: escape velocity that you can hit, you know, by averaging
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  Speaker 2: Web three rails is bar none. And look at Pudgie
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  Speaker 2: Penguins as an example. I mean, two years ago we
• 8:05
  Speaker 2: showed up in Quarter four in three thousand palletts across
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  Speaker 2: Walmart as our first ever retail activation. How is that possible? Right?
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  Speaker 2: You know, a brand as young as Pudgy doesn't go
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  Speaker 2: in and capture the most prized real estate and the
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  Speaker 2: most important and biggest retailer in the world with basically
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  Speaker 2: eighteen months of being conceptualized and interception, and it got
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  Speaker 2: that opportunity because of the force of nature that is
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  Speaker 2: the community, and that community becomes a force of nature
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  Speaker 2: because they're financially incentivized to do so. And so it's
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  Speaker 2: a huge, huge component I think to our success and
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  Speaker 2: one that I think a lot of entrepreneurs in the
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  Speaker 2: future are going to be utilizing.
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  Speaker 1: So okay, So I think that's a really good point
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  Speaker 1: and kind of segues into this next question, and that is,
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  Speaker 1: do you look at brands that are Web two I
• 8:56
  Speaker 1: would say, the leading culture brand out there right now
• 9:00
  Speaker 1: Lea Boo boo. You look at how they've been able.
• 9:02
  Speaker 1: You know, I've got a young daughter, she's all over
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  Speaker 1: this right now, and you look at the kind of
• 9:07
  Speaker 1: comparison This isn't comparison to ethereum and a tension economy.
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  Speaker 1: What we've been able to see. My question is do
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  Speaker 1: you think that something like a Lebubu could actually launch
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  Speaker 1: a token and possibly steal some sale again from someone
• 9:23
  Speaker 1: like or from someone like you guys at Pudgie Penguins, I.
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  Speaker 2: Think the real competitors, who's going to come out of
• 9:28
  Speaker 2: Web three and compete with us? I think I would
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  Speaker 2: see a lot more. Seriously, again, short term liquidity black
• 9:34
  Speaker 2: holes are short term liquidity black holes. There's only so
• 9:36
  Speaker 2: much liquidity and crypto. It's not you know, traditional finance
• 9:39
  Speaker 2: just yet and so you know liquidity is a thing.
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  Speaker 2: But in the medium to long term there is a
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  Speaker 2: cachet and a rapport that Pudgy has built within the
• 9:49
  Speaker 2: space around it being cryptonative. It's two different approaches. I
• 9:53
  Speaker 2: think from taking somebody and taking something and bringing it
• 9:56
  Speaker 2: to Web three versus bringing it growing it roots with
• 10:01
  Speaker 2: the community, by the community, for the people, by the
• 10:03
  Speaker 2: people for years in a native landscape, and then hitting
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  Speaker 2: escape velocity versus having something who hits escape velocity and
• 10:12
  Speaker 2: goes and tries to monetize that escape velocity by coming
• 10:15
  Speaker 2: into crypto. I think one is pure and true to
• 10:19
  Speaker 2: the DNA that is cryptocurrency, and I think one is
• 10:22
  Speaker 2: more of a grift. And I believe that the users
• 10:24
  Speaker 2: and I'm so proud of all of the users over
• 10:26
  Speaker 2: the last couple of years, and you see this even
• 10:28
  Speaker 2: with the easy token, right, I think a lot of
• 10:30
  Speaker 2: people would have expected it to go a lot higher,
• 10:32
  Speaker 2: but the users are getting so much more sophisticated and
• 10:36
  Speaker 2: so much smarter, and sure there might be an opportunity
• 10:39
  Speaker 2: for a day or a week or two, but I
• 10:41
  Speaker 2: think everybody ends up always rotating back to who's been
• 10:45
  Speaker 2: doing it the right way, who's been leading by example,
• 10:48
  Speaker 2: who's been putting the space on its back at least
• 10:51
  Speaker 2: in our respect from a cultural and a medic and
• 10:53
  Speaker 2: a n FT perspective. And I think we've always kind
• 10:55
  Speaker 2: of been the profit rotation group where you might go
• 10:59
  Speaker 2: and leave for a day or a week or two,
• 11:01
  Speaker 2: but you always bring your profits back.
• 11:03
  Speaker 1: Home, which is true. I'm in agreement with you. I've
• 11:06
  Speaker 1: talked about this a lot with major Web two brands
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  Speaker 1: that even we consult with, and they're trying to bridge
• 11:12
  Speaker 1: this gap over to Web three and they struggle. You know,
• 11:15
  Speaker 1: it's to your point, that narrative of complete transparency with
• 11:19
  Speaker 1: your community you're dead on, and they just won't do it.
• 11:22
  Speaker 1: It's like the last thing they will let go of.
• 11:24
  Speaker 1: So it is a challenge. I think that we're going
• 11:26
  Speaker 1: to see. I think we're going to see a whole
• 11:28
  Speaker 1: new cottage industry of web three brands like yourself that
• 11:31
  Speaker 1: really kind of take it forward from here speaking of
• 11:33
  Speaker 1: some of the things that are advancing in terms of
• 11:36
  Speaker 1: tech and what's happening out there. Phantom. Everybody's been asking
• 11:40
  Speaker 1: for Abstract on Phantom. Any news out there in terms
• 11:43
  Speaker 1: of Phantom getting Abstract launched.
• 11:46
  Speaker 2: I'll just an interview with Brandon, who's the CEO of Phantom.
• 11:50
  Speaker 2: We've been working on it for a while, so I'll
• 11:51
  Speaker 2: send them this clip.
• 11:52
  Speaker 1: But that's good to hear. What do you think about
• 11:56
  Speaker 1: Phantom launching a stable coin? Do you think this would
• 11:59
  Speaker 1: be a big deal with what we're seeing in terms
• 12:02
  Speaker 1: of just the stable coin narrative in general.
• 12:05
  Speaker 2: Big deal for sure, big deal for Phantom and Phantom
• 12:08
  Speaker 2: stakeholders most important, probably the biggest deal for them. Big
• 12:12
  Speaker 2: deal for the sea though. I mean, we finally are
• 12:15
  Speaker 2: on the precipice of escape mass market velocity. Here your friends,
• 12:20
  Speaker 2: your family members, your colleagues sending you payments. Instead of
• 12:25
  Speaker 2: sending you a cash app, they're sending you a stable
• 12:27
  Speaker 2: coin transfer. It's coming after ten, ten, fifteen years of this,
• 12:31
  Speaker 2: so it's beautiful to see.
• 12:33
  Speaker 1: And if you look at the success meta Mask have
• 12:35
  Speaker 1: of course on their stable cooin lunch. I think this
• 12:38
  Speaker 1: will show case that maybe some of these wallets could
• 12:42
  Speaker 1: get pretty effective in doing this. So I'm kind of
• 12:45
  Speaker 1: anticipating that Phantom might actually get there. And because of that,
• 12:50
  Speaker 1: you look at the centralized exchanges that are out there.
• 12:53
  Speaker 1: What is your opinion right now on things like Coinbase?
• 12:56
  Speaker 1: This was Jackie. She kind of hit on this right here.
• 12:59
  Speaker 1: Phantom and moonshe change the game forever. We're talking about
• 13:03
  Speaker 1: big centralized exchanges like finance, coinbased, etc. Now those are
• 13:08
  Speaker 1: more off ramps rather than actually the engagement point for
• 13:12
  Speaker 1: crypto in the future. You think that is going to
• 13:14
  Speaker 1: be the case.
• 13:15
  Speaker 2: The interview did yesterday with Brandon Miller and Laura Shin,
• 13:19
  Speaker 2: who's the CEO Fantom. He did an interesting point which
• 13:22
  Speaker 2: I totally agree with that I think your audience this
• 13:23
  Speaker 2: is a great perspective for your audience because I agree
• 13:25
  Speaker 2: with it too. Coinbase is going to be like the
• 13:27
  Speaker 2: JP Morgan for crypto, right, They're not going to be
• 13:31
  Speaker 2: the robin Hood for crypto. They're not great product builders,
• 13:35
  Speaker 2: they're great deal makers. They have a great and trusted brand,
• 13:39
  Speaker 2: the most trusted brand in the US from a crypto
• 13:42
  Speaker 2: perspective bar none, right, And I think they're more of
• 13:45
  Speaker 2: an institutional player than they are focused on innovating on
• 13:49
  Speaker 2: the next great consumer, forward facing consumer applications. So I
• 13:53
  Speaker 2: think you're going to see the innovation come from the
• 13:56
  Speaker 2: fantoms and the moonshots and all of these young and
• 13:58
  Speaker 2: hungry entrepreneurs. And I think you're going to see Coinbase
• 14:01
  Speaker 2: act exactly like what that tweet said, like a bank, right,
• 14:04
  Speaker 2: and you're just going to come in and out via Coinbase,
• 14:06
  Speaker 2: and you're going to do you know, everything else I
• 14:09
  Speaker 2: think elsewhere.
• 14:10
  Speaker 1: Yeah, I'm in agreement with that. It's interesting to see
• 14:12
  Speaker 1: kind of the cycle shifting right now because obviously DeFi
• 14:15
  Speaker 1: is going to play a role of this self custody
• 14:17
  Speaker 1: is playing a role. It's huge. Let's talk about the
• 14:21
  Speaker 1: breakout platforms of Web three. This was an interesting statement
• 14:25
  Speaker 1: right there, Polymarket and Courtyard. I don't know if everybody
• 14:29
  Speaker 1: agrees with that. I'm sure you would say you might
• 14:30
  Speaker 1: be a breakout brand. But what other breakout concepts have
• 14:34
  Speaker 1: come out of Web three so far?
• 14:35
  Speaker 2: I mean I would have put Polymarket, pump Fun, and
• 14:39
  Speaker 2: Pudgy Penguins as I think the three great breakouts of
• 14:42
  Speaker 2: the last year. Courtyard's a funny one on its face.
• 14:44
  Speaker 2: From what I've heard, it should definitely be up there.
• 14:47
  Speaker 2: I need to fact check it, though. I'm a little skeptical.
• 14:52
  Speaker 2: So it's interesting right now, but I need to I
• 14:55
  Speaker 2: need to see it. I can believe it, but I'm
• 14:58
  Speaker 2: a little skeptical. So if anyone from Courtyard wants to
• 15:00
  Speaker 2: give me a peek under the hood, I would love to.
• 15:03
  Speaker 2: But I actually think it's the three p's. It's funny.
• 15:05
  Speaker 2: I didn't even notice that until I said it. But
• 15:06
  Speaker 2: pump fun, poly market and pudgy penguins. I think these
• 15:10
  Speaker 2: have been the biggest wins of the last couple of years,
• 15:12
  Speaker 2: both from in a mass market perspective. Matter anyways, you
• 15:15
  Speaker 2: skin the cat. I think those are the three big
• 15:17
  Speaker 2: wins of the last two years in crypto.
• 15:19
  Speaker 1: Do you think we are in a place right now
• 15:21
  Speaker 1: where we're going to see a lot more?
• 15:22
  Speaker 2: Totally? I think again, I think we're on the precipice
• 15:25
  Speaker 2: of something great. You're gonna see it. It's here, And
• 15:28
  Speaker 2: you know, Crypto has always done something for you know,
• 15:31
  Speaker 2: retail consumers in a way that I think even stocks
• 15:34
  Speaker 2: couldn't do. You know, at the end of the day
• 15:36
  Speaker 2: with trad fi, like you can't go buy a million
• 15:38
  Speaker 2: dollar you know, coin that's going to be worth a
• 15:41
  Speaker 2: billion dollar or a million dollar stock that's gonna be
• 15:43
  Speaker 2: worth a billion dollars in three months. Like crypto is
• 15:45
  Speaker 2: still the place of opportunity there, right, you see it
• 15:48
  Speaker 2: every couple of months, there's a thing you could have
• 15:50
  Speaker 2: bought it a million dollar market cap and ends up
• 15:52
  Speaker 2: being worth five hundred million. And that's a swing and
• 15:55
  Speaker 2: a trade that just trad fi for good reason, right,
• 15:58
  Speaker 2: there's a reason why it doesn't open those flows gates, right,
• 16:01
  Speaker 2: consumer protections. But at the end of the day, people
• 16:04
  Speaker 2: are smart enough to make their own decisions. You know,
• 16:06
  Speaker 2: I don't blame anybody for a bad trade that I make.
• 16:08
  Speaker 2: I hope anybody listening doesn't either, right, And so we
• 16:12
  Speaker 2: all have the wherewithal and understanding that when we go
• 16:14
  Speaker 2: and buy something, you know we are responsible for it.
• 16:17
  Speaker 2: But you know that that there's there's just a trade
• 16:20
  Speaker 2: in crypto to be made, and an opportunity in crypto
• 16:23
  Speaker 2: to be made that isn't any isn't available anywhere else
• 16:25
  Speaker 2: in the world.
• 16:26
  Speaker 1: Hey, I want to jump over to death to fun
• 16:29
  Speaker 1: and this of course being one of the top projects
• 16:32
  Speaker 1: on Abstract. I want to play a clip for you
• 16:35
  Speaker 1: and then get your opinion. After this, maybe you can
• 16:37
  Speaker 1: explain why you think that is happening. Let's go to
• 16:39
  Speaker 1: that clip.
• 16:43
  Speaker 3: To make money or die trying play now on death
• 16:50
  Speaker 3: dot fun.
• 16:51
  Speaker 4: I spent one hundred dollars on scratchers and one hundred
• 16:54
  Speaker 4: dollars on online gambling. Which is more profitable. Let's find out.
• 17:00
  Speaker 4: Oh my god, and we are off on death fund.
• 17:03
  Speaker 4: The objective of the game is to avoid the death tile.
• 17:06
  Speaker 4: Each row has a death tile. The further along you get,
• 17:09
  Speaker 4: the more you multiply your money. But if you hit
• 17:11
  Speaker 4: a death tile, you lose everything, just like that final
• 17:14
  Speaker 4: score one two Yeah called safe cash.
• 17:19
  Speaker 2: Out No, absolutely not fucking send it all right, we
• 17:23
  Speaker 2: lost all I know? Yeah, all right, top winners on
• 17:28
  Speaker 2: top fuck you. Oh my freaking god, look at that
• 17:33
  Speaker 2: baby now you fulick?
• 17:38
  Speaker 1: If anything, this guy has the best dance moves I've
• 17:41
  Speaker 1: seen in a while. So the whole point behind this
• 17:44
  Speaker 1: is it really puts risk level gambling in the gaming.
• 17:47
  Speaker 1: Do you feel like that's the reason that this is
• 17:50
  Speaker 1: so successful.
• 17:51
  Speaker 2: There's a new innovative category of applications that are coming
• 17:55
  Speaker 2: out which are hyper financialized games. And hyper financialized gaming
• 18:02
  Speaker 2: is a very interesting category because it's not like a
• 18:06
  Speaker 2: slot like a casino, right, But there's an element and
• 18:11
  Speaker 2: the truth that like you are gambling. When you're doing
• 18:13
  Speaker 2: Death dot Fund, you are gambling, but doesn't feel like gambling.
• 18:16
  Speaker 2: It feels like I'm playing a game, right, And there's
• 18:20
  Speaker 2: a huge market opportunity in market segment for this, and
• 18:23
  Speaker 2: subsequently our chain has become the home of this in crypto.
• 18:26
  Speaker 2: So if anybody wants to go and play hyper financialized games,
• 18:30
  Speaker 2: I mean, anyone who's crypto native will tell you the
• 18:33
  Speaker 2: best place to go do that is. I'm abstract and
• 18:35
  Speaker 2: I'm really excited to help curate what I think this
• 18:38
  Speaker 2: future is. And I think Death dot Fund one incredible entrepreneurs, Two,
• 18:42
  Speaker 2: I'm an investor, and three you know, these guys are
• 18:46
  Speaker 2: going to build I think a slew of these type
• 18:49
  Speaker 2: of games that I think are going to yield a
• 18:51
  Speaker 2: lot of future potential.
• 18:53
  Speaker 1: Do you think that we're seeing this cycle of much
• 18:56
  Speaker 1: more minimalistic games now as opposed to you know, videos
• 19:00
  Speaker 1: going out there and just building these behemoths trying to
• 19:03
  Speaker 1: launch take forever to release, something. What do you think
• 19:06
  Speaker 1: about how gaming is evolving right now?
• 19:09
  Speaker 2: I think it's going exactly to this point. I think
• 19:11
  Speaker 2: it's it's how do you take you know, fun game
• 19:15
  Speaker 2: loops and financialize them and that and that's so much
• 19:18
  Speaker 2: more advantageous. A game developer can spend a million, two million,
• 19:21
  Speaker 2: three million bucks, you know, making one of these loops,
• 19:24
  Speaker 2: and they can make more than a fifty million dollar production,
• 19:27
  Speaker 2: right And this is really I think going to be
• 19:29
  Speaker 2: the PMF for crypto gaming is just fun, simple, stupid.
• 19:33
  Speaker 2: Hyper financialized games.
• 19:35
  Speaker 1: Yeah, hyper financialized. I have not heard that term before.
• 19:38
  Speaker 1: Now I'm going to start watching for that out there.
• 19:40
  Speaker 1: Let's talk a little bit about games Com because there's
• 19:43
  Speaker 1: a lot going on out there right now. Xbox did
• 19:47
  Speaker 1: a launch on their new mobile device. I want to
• 19:49
  Speaker 1: play a clip because this and I want to get
• 19:51
  Speaker 1: your opinion on this, because I think this is interesting
• 19:53
  Speaker 1: going forward. Let's cut to that clip.
• 19:55
  Speaker 2: This is going to be awesome.
• 19:57
  Speaker 1: Now we literally have a device that could go with
• 19:59
  Speaker 1: you everywhere. We think about having this unified game library.
• 20:04
  Speaker 5: Any recently downloaded and played games from other PC game stores,
• 20:07
  Speaker 5: from Battlenet, the Epic Game Store, you'd be soft Steam,
• 20:10
  Speaker 5: gog or EA. The Xbox app automatically finds them and
• 20:14
  Speaker 5: will show them in your game library.
• 20:15
  Speaker 6: And so you can push that and I'll take you
• 20:17
  Speaker 6: right to your library. You'll see these new indicators across
• 20:21
  Speaker 6: the thing. So, hey, these are my games from the
• 20:22
  Speaker 6: game pass entitlement. These are the ones installed from other storefronts.
• 20:27
  Speaker 2: Amazing.
• 20:28
  Speaker 6: By pressing it, you quickly bring up game bar. It
• 20:30
  Speaker 6: puts it in a more streamlined, optimized form for these handheld.
• 20:33
  Speaker 1: Devices, very fluid and really nice.
• 20:35
  Speaker 6: Yeah, So by long pressing on the Xbox button, you'll
• 20:38
  Speaker 6: get this new experience where you can quickly bumper between
• 20:41
  Speaker 6: existing applications as well as go to the Windows desktop
• 20:44
  Speaker 6: if you need to kind of tweak something that you
• 20:47
  Speaker 6: can't do easily using discord or getting a little hint
• 20:51
  Speaker 6: and edge. You can quickly bumper between them and then
• 20:53
  Speaker 6: go back to your game.
• 20:54
  Speaker 2: Really extremely so you I absolutely love it.
• 20:57
  Speaker 6: Yeah, I'm excited to share that the Xbox Ally and
• 21:01
  Speaker 6: the Xbox Ali X will be available worldwide October sixteenth.
• 21:06
  Speaker 1: Oh so soon. All right, well you heard it hit
• 21:08
  Speaker 1: fust Man going head to head. Now we're seeing everything
• 21:11
  Speaker 1: from Sony Xbox of course fighting in for some share
• 21:14
  Speaker 1: there with Ally. Do you think mobile, I mean hand
• 21:17
  Speaker 1: especially handheld game? Do you think we are at that point?
• 21:19
  Speaker 5: Now?
• 21:19
  Speaker 1: It's this? Is it escape Velocity?
• 21:22
  Speaker 2: Escape Velocity for sure?
• 21:23
  Speaker 1: What about abstract? Do you think we could see some
• 21:25
  Speaker 1: games coming on over to the ALLY handheld?
• 21:29
  Speaker 2: I'm I haven't thought Allied. I've actually thought Nintendo Switch.
• 21:32
  Speaker 2: So we have an in house game that we are
• 21:34
  Speaker 2: making and we're trying to get it on the Switch.
• 21:36
  Speaker 2: Now that's the alpha.
• 21:37
  Speaker 1: Okay, all right, I like it. Okay, So with that,
• 21:41
  Speaker 1: then you've got issues now with new interface devices. Have
• 21:45
  Speaker 1: you seen the x real glasses? Have you followed this much?
• 21:49
  Speaker 2: I have? Okay, all right, so I have video on Instagram.
• 21:52
  Speaker 1: Okay, let me play a clip for you, and then
• 21:53
  Speaker 1: I want to get your opinion on this. Let's go
• 21:55
  Speaker 1: to that one.
• 21:56
  Speaker 3: Let me tell you this is the closest to Tony
• 21:58
  Speaker 3: Stark glasses as it gets plug into any USBC device
• 22:02
  Speaker 3: and give you a massive virtual screen. Love using them
• 22:05
  Speaker 3: on the plane. And now they have a new auto
• 22:07
  Speaker 3: transparency mode.
• 22:08
  Speaker 7: They'll automatically undim with that electrochromic dimming so that you
• 22:12
  Speaker 7: can see your surroundings.
• 22:13
  Speaker 3: Add six degrees of freedom.
• 22:15
  Speaker 2: That means your virtual.
• 22:16
  Speaker 3: Screen isn't just floating with your head, it's actually locked
• 22:18
  Speaker 3: in space like a real monitor.
• 22:20
  Speaker 7: X Reel has a pretty crazy trading deal going on
• 22:23
  Speaker 7: right now, Like legit. You can go to the dollar
• 22:25
  Speaker 7: store get a dollar pair of sunglasses and those will
• 22:28
  Speaker 7: count for the trading either.
• 22:29
  Speaker 3: Hands down the best wearable dislay glasses right now.
• 22:44
  Speaker 1: AR, what's your opinion on it? Are we at an
• 22:46
  Speaker 1: unlocked phase or is this just going to be a fad?
• 22:48
  Speaker 2: Yeah? I think I think VR is a fad. I
• 22:50
  Speaker 2: think AR is real. I think ARS is the real deal.
• 22:54
  Speaker 2: I think VR is twenty five years out. I think
• 22:57
  Speaker 2: AR is here, right here, right now and goes to
• 23:00
  Speaker 2: see who wins that race.
• 23:01
  Speaker 1: It's interesting because we've been tracking this along with some others,
• 23:05
  Speaker 1: and I think it's going to be fun. I got
• 23:06
  Speaker 1: to ask you though, right now, top Beta meme coins,
• 23:09
  Speaker 1: I'm looking at the list right there on abstract anything
• 23:12
  Speaker 1: in there I need to be buying today.
• 23:15
  Speaker 2: A huge supporter of Newton Archer. He got a bad
• 23:18
  Speaker 2: beat recently, but he really is building. I think the
• 23:21
  Speaker 2: bonk of the ecosystem. A huge fan of just the
• 23:25
  Speaker 2: apster community. Love the love the Big the Big Coin CTO.
• 23:31
  Speaker 2: I mean, these guys really are hitting out of the park.
• 23:34
  Speaker 2: I mean, I thought big Coin was such an amazing product,
• 23:37
  Speaker 2: the vision was so incredible, and then you know, it
• 23:40
  Speaker 2: really was like one or two guys and they handed
• 23:42
  Speaker 2: it off to Bardy Lawn and the rest of his crew,
• 23:46
  Speaker 2: And these guys are doing phenomenal work. And this thing
• 23:50
  Speaker 2: is I think has the potential if they pushed and
• 23:52
  Speaker 2: actually pull off merged mining, I think has the opportunity
• 23:56
  Speaker 2: to be one of the biggest things on the chain
• 23:59
  Speaker 2: and honestly one of the biggest things in crypto. I
• 24:02
  Speaker 2: think really bringing proof of work to launch pads is
• 24:06
  Speaker 2: a fascinating, fascinating case study. And everybody who can pull
• 24:11
  Speaker 2: it off and can actually like create a true fear
• 24:14
  Speaker 2: launch mechanism leveraging proof of work and these virtual miners,
• 24:20
  Speaker 2: it's a multi billion dollar opportunity and they're showing competency
• 24:23
  Speaker 2: that they can actually potentially pull it off. Obviously, you
• 24:27
  Speaker 2: know it's going to take a lot of hard work
• 24:28
  Speaker 2: and a lot of tenacity and a lot of making
• 24:30
  Speaker 2: the right decisions and maybe a little bit of luck
• 24:33
  Speaker 2: sprinkled in there. But I'm a huge supporter of that idea,
• 24:38
  Speaker 2: and these guys have taken it over and shown shown
• 24:40
  Speaker 2: a huge level of competency that's been super impressive.
• 24:43
  Speaker 1: Well, and what we're seeing now is memes starting to
• 24:46
  Speaker 1: create real I won't call it use case, but there's
• 24:49
  Speaker 1: functions that they're going beyond the idea of just memes.
• 24:52
  Speaker 1: It's kind of like where really where Bengo started.
• 24:55
  Speaker 2: This idea that you think a non sentient, stagnant meme
• 24:59
  Speaker 2: can compete with a sentient progressive ever green. You know,
• 25:04
  Speaker 2: mimetic character is just a complete fallacy. I think you'll
• 25:08
  Speaker 2: always see those things go from zero to two hundred million,
• 25:12
  Speaker 2: and you know you'll see instances, right, But something that
• 25:16
  Speaker 2: you can actually be comfortable holding long term that's going
• 25:19
  Speaker 2: to run and hit escape velocity in the form of
• 25:22
  Speaker 2: tens of billions. I don't think it's going to be
• 25:24
  Speaker 2: these stagnant you know, you know narratives and prophecies that
• 25:30
  Speaker 2: people just regurgitate because they have bag bias and they
• 25:34
  Speaker 2: want it. I think you're already seeing this. I mean,
• 25:36
  Speaker 2: what are the two biggest net new mean coins of
• 25:39
  Speaker 2: this cycle. It's Bonk and Penguin, right, Like, we're the
• 25:42
  Speaker 2: two biggest. We are the two most productive mean coins
• 25:45
  Speaker 2: by a Texas mile, right, Like, nothing comes close in
• 25:48
  Speaker 2: terms of pushing the space forward than our two organizations,
• 25:52
  Speaker 2: and we are the two biggest net new mean coins.
• 25:55
  Speaker 2: I think that trend will continue, right. I don't think
• 25:58
  Speaker 2: that trend will fade. I will I I there will
• 26:01
  Speaker 2: always be opportunity for stagnant you know, moments and time
• 26:06
  Speaker 2: that come out of the woodworks that people you know
• 26:09
  Speaker 2: pile into that has a lot of virality, right, But
• 26:12
  Speaker 2: those things will be here one day and gone the
• 26:14
  Speaker 2: next week.
• 26:16
  Speaker 1: Right.
• 26:16
  Speaker 2: I think the compounded returns are going to be in
• 26:20
  Speaker 2: the in the organizations that treat meme coins like like
• 26:26
  Speaker 2: like true vehicles to proliferate and to progress and to
• 26:31
  Speaker 2: move crypto forward versus you know, stagnant, stagnant, nonsenient assets.
• 26:37
  Speaker 2: So I think you're already seeing this. I think you'll
• 26:40
  Speaker 2: continue to see it. And it's a trend that I
• 26:42
  Speaker 2: think is only good for crypto. It's only going to
• 26:45
  Speaker 2: bring more users in and it's only going to add
• 26:47
  Speaker 2: credibility to a mean coin space that frankly is lacking
• 26:51
  Speaker 2: a lot of it. And I think a huge goal
• 26:53
  Speaker 2: for us at pudget. Penguin's pengu is to bring credibility
• 26:56
  Speaker 2: and bring realness to memes so that when people look
• 26:59
  Speaker 2: at it, they don't just question and kind of bock
• 27:01
  Speaker 2: at the idea that these things are worth billions and
• 27:03
  Speaker 2: they do nothing when you see Pudgy Penguins in its valuation,
• 27:08
  Speaker 2: you know, I think a lot of people are proud
• 27:10
  Speaker 2: of what we've done for the space, and they understand it.
• 27:12
  Speaker 2: They are in ten thousand retailers, they are in Walmart
• 27:15
  Speaker 2: and Target, They're doing games and movies and TV shows
• 27:18
  Speaker 2: and Blockbuster partnerships. Okay, this warrants this valuation versus I
• 27:23
  Speaker 2: think the incumbents that you've seen prior to us, you know,
• 27:26
  Speaker 2: what made these things worth ten billion or fifteen or
• 27:29
  Speaker 2: twenty billion dollars in the first place. You can't really
• 27:32
  Speaker 2: point too much, right, I think in Pudgy's case, everyone
• 27:35
  Speaker 2: wants to see it be worth that because of what
• 27:37
  Speaker 2: I think it brings to the space.
• 27:39
  Speaker 1: Well, and really it's really a new evolution of the
• 27:42
  Speaker 1: entrepreneurial model of doing startups. You know, it's just you're
• 27:46
  Speaker 1: using a meme, you know, platform to kind of launch
• 27:48
  Speaker 1: a brand, and then the brand of course reverts back
• 27:51
  Speaker 1: to the meme community and it becomes a flywheel, you
• 27:53
  Speaker 1: know of just explosion in terms of opportunity, So kudos
• 27:57
  Speaker 1: to you.
• 27:57
  Speaker 2: Hey.
• 27:58
  Speaker 1: Last point I want to get at, which is going
• 27:59
  Speaker 1: to I think another trend going, and that of course
• 28:02
  Speaker 1: is going to be streaming within abstract. When is this
• 28:05
  Speaker 1: going to go live to where other guys can get
• 28:06
  Speaker 1: out there like us?
• 28:08
  Speaker 2: You can if you want to apply you I'll make
• 28:11
  Speaker 2: sure you're accepted. I think the only reason why we
• 28:14
  Speaker 2: haven't opened it up is we just haven't made a
• 28:16
  Speaker 2: monetization flywheel on the streaming. And if I open up
• 28:20
  Speaker 2: streaming for everybody, it is so incredibly expensive. It's not
• 28:23
  Speaker 2: a good business, right, No, got a gatekeep so it
• 28:27
  Speaker 2: doesn't get out of it, so it doesn't get out
• 28:29
  Speaker 2: of hand just because it can get so expensive so quick.
• 28:32
  Speaker 1: Yeah, for sure. Hey, Luka, it's been great having you
• 28:34
  Speaker 1: on today. Lots of good stuff here. We had some
• 28:36
  Speaker 1: alpha coming in, so thanks again for coming in. We
• 28:38
  Speaker 1: appreciate it.
• 28:39
  Speaker 2: Thanks for having me, Paul, you bet see.
• 28:40
  Speaker 1: You later, are you guys? If you're not in our
• 28:42
  Speaker 1: diamond circle, get in on that right now. It's our
• 28:44
  Speaker 1: own private group. We send out a quick note to
• 28:47
  Speaker 1: you guys on new research, a lot of new insights
• 28:49
  Speaker 1: of what we're doing here on the channel. And of
• 28:51
  Speaker 1: course if you're not following me on X do that,
• 28:52
  Speaker 1: it's just at Paul Baron. We'll catch you next time
• 28:54
  Speaker 1: right here on The Paul Baron Show.