Two Special Guests on Coffee with Captain #1,225
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The host criticizes 2021-22 utility NFT brands for abandoning promised perks, while noting surging live audiences and heating on-chain activity on Robinhood chain.
- Live audience across all channels is up 3-4X over the past month, despite more competition in the same time slot from shows like Easy and Threat.
- Praises Easy, PO, Clemente and crew for staying true to crypto/Web3 content while others pivoted to AI, stocks, or prediction markets.
- Wrote an open letter to Class of 21/22 utility NFT brands, confused why many communities quietly accepted rebranding to "culture NFTs" or "IP NFTs" without any formal notice that utility was being
转写文本
the Uber generous haunts over in the abstract streets.
Tips me, basically every single day,
big generous ping-o-tip over there,
half my ping-o bag I think is by way of haunts.
Also have a couple of fire undead
that I will tweet out here.
Probably we'll let the spaces link go
and then I'll send this out around a little after nine
after Mason and my more than Mason's gonna be joining us,
but looking forward to that, I'll share that here
after the top of the hour.
But yeah, big love, appreciate the takeover
and happy birthday to all those who celebrate.
If you're new, if you're not familiar with training
and I'm dead, hang out.
We've got like I said, 830 guest,
could courtium joining and then
junior undead at nine.
And boy oh boy, I know I've been saying it for a while,
things are heating up, not just on training activity,
not just, I mean, this show, our live audience
has been two, three, maybe some days four X
on average, collectively across all channels,
as it was just lower over a month ago.
Like the last month has been really supercharged
and obviously it's someone like simple farmer
joins you just today when he's becoming the main character
of the cycle, it's gonna drive some numbers,
but it's not just that, it's like every day
we've been significantly over where
live listeners were a couple months ago.
And all by the way, during the time where
there's far more competition in this time lot,
time's the time block than there was a couple months ago
when I was, you know, we, what I'm referring to.
So we're actually viewers and listeners are up
to three, four X simultaneously as easy
starts doing a show at eight eight o'clock
or nine o'clock rather.
Threat guy came back and started doing it
or moved his show up and started doing an eight AM show.
So significantly more, you know,
I guess you can call competition.
I don't really view them that way,
but clearly content live shows discussing this space.
And so that being said, viewership active participants
way up over the last month, you can see it on chain,
you can see it in spaces, you can see it on the timeline.
And or maybe, maybe, maybe it has something
to do with X.
Maybe the algo changes a little while back,
followed by Nikita getting his golden watch.
Maybe the changes actually are benefiting
niche spaces like crypto Twitter.
I don't know, all I know is it's very noticeable
and the data supports it.
And once again, shout out to Junior and Undead.
That's all I got for quote up and today
would definitely be coming back to, yeah.
I'm glad you're the nurse in the intro guy.
I like Thurghat though, not taking these shots.
But just because I share it easy as a show,
that doesn't mean you're allowed to leave us.
I'm not going to take shots it easy
because easy is actually the brain child
behind this sponsor board.
And I'm a big fan of easy and PO and Clemente
and Nick and that whole crew,
great respect for how that they've continued
to show up day and day out in this space.
And without pivoting away,
kind of reinvent themselves,
different types of content,
different channels like Instagram
and while still keeping a lot of people just left.
A lot of people just went,
oh, I'm going to just talk about AI or stocks
or prediction markets.
And while they obviously they'll cover that stuff as well,
they continue to talk about crypto and Web3
and respect and appreciate that.
There was Big Sail last night.
I did see that laser eye eight move for about 42-E
and I'm love to see it.
I also, while I do love to see it,
I want to give it a little bit.
Let me, let me, I avoided the rage baby
or click baby title the other day.
So I'm not going to go there today,
but I did just sit on an open letter
to the class of 21, 22 utility NFT brands.
I won't enough to remember that the majority,
not all, there was certainly just our collections
that launched, but I'm going to love to remember
the majority of the 2021, 2022 NFT,
PFP class were utility NFTs.
And then for some reason,
we see they were different,
they had different brands with different ways,
but they rebranded to culture NFTs or IP NFTs
and whatever, teach their own.
Like, but that's, I think where I'm confused
is there's a lot of community members.
They're like, they're cool with it.
Like, oh yeah, we're not a utility NFT.
It's like, when did that happen?
Like I didn't see a statement from any of these teams
to say we're no longer providing utility or perks
for our holders.
And before I get to second have a context,
I am absolutely not expecting
free magic internet money to be dropped out of the sky.
It's not what I'm saying.
Not expecting more fungible tokens drops
or someone mentioned something like,
you know, dropping a second third or second collection
on Robinhood chains.
That's not it.
Not what I'm talking about at all.
So please don't get a context,
but I think a lot of people are like, oh, we're,
they're pushing back.
I've been trying to think which,
which, where to go here, which post to share,
which comments.
I've been back and forth with a few people
on the timeline and I don't, I'm not mad.
I'm upset with you.
I don't mean any disrespect by it.
I am still long-aid, so I'm still,
I have a lot of, a lot of utility NFTs,
whether they're called that or not,
that's at least what they used to be.
And there's a, I don't know,
maybe it's just people who are,
have been sidelined on the Robinhood chain
or explosion or other things.
And maybe they're just feeling a certain way
and it's just their way of,
some of the cases maybe they're just driving
doing it simply for engagement farm.
I don't know, it's hard to tell for sure.
But I, and I'm surprised so many people are just cool with,
they're almost taking it like, hey, this isn't,
they're mad or they're taking shots at things like
stonkbrokers or others that are excited about
what's happening on chain.
Onchain activity is heating up.
It's, it's quantifiable.
It's not just me saying this,
good way, should you charge us today,
go, go look at the data, you can't deny it.
And it's not just cool,
meaning out of 44,000 collection for over a million dollars.
Not just that, there's a lot of things,
users are up, activity is up, volume is up.
And Robinhood isn't just some bootstrap startup
that launched a new chain.
There's a lot to be excited about there.
And they haven't even turned on their marketing engine
for, you know, they're 30 million users.
If you, if this upsets you, blame FFV.
Because what we saw yesterday was,
good vibes club, teased the collaboration with
stonkbrokers.
And so did Normies, both their floors pumped.
Again, I'm not expecting the collaboration with stonkbrokers
to pump every collections for.
That's not what I'm looking for.
I'm not looking for a pump exit, not in a least bit.
I don't even care about floor price.
I don't care whose floor's higher.
I don't care who flips the other.
I know I'm probably in the minority there.
I truly don't care.
What I do care about is the space,
these communities, ones that I'm long on,
ones that I'm not only invested in from a financial standpoint,
but a, like time in brand.
And I care, like I truly care about more than just,
you get more than just saved several of these brands.
And I just, I believe they can be better.
I think some, and I'm not calling any brand
or any people out individually
because it's kind of across the board
from a lot of the legacy brands that there was this shift
during the bear of, hey, we can't,
we tried some activations, we did some things
and it just upsets people.
The market doesn't respond, the floor doesn't go up,
and some cases it goes down.
And so we're just, we're gonna take the foot out the gas,
we're gonna stop really shipping activations,
we're gonna stop experimenting on chain,
we're just gonna focus on our big picture,
or whether that's reaching the web two masses,
via social media or through national retail distribution,
or other side, I get that.
Nothing here should be an expense at the expense
of the big vision, the true north,
the big goals that they're shooting for.
And I also understand like during the depths of a bear,
it's hard to win.
And what can you do?
But when things are popping off,
I think it's fair to ask like,
what are we doing this month this year?
Like what's next?
What sort of on-chain experimentation are we gonna do?
Especially when it's teams that previously
were leaders in this regard.
This is, again, BlameFFE for this.
He says, this is WTF I'm talking about,
founders projects that can find ways
for their communities to be involved with new plays
or narratives is one of the biggest decision-makers
of why people hold NFTs.
The long-term vision is great,
and people do truly believe in those long-term visions.
But in the meantime,
they should be finding ways for their communities
to be involved in the fun.
It's a lot more fun to be involved in new exciting stuff,
to be experimenting, to be playing games,
to be doing new things on-chain,
than just sitting on our hands waiting
for a brand to become the next Disney,
or other side to ship the resource game.
Like, this isn't an or, it's an end.
He goes, I'm sorry, go back to quoting NFFE here,
he goes on to say, otherwise,
we'll continue to see a downtrend on legacy collections.
Nobody likes to see everybody else having fun,
making money from the sidelines.
That's why we sell Funkari, flip-pudges,
maybe even Apesune, adaptor-die.
And NFFE had another post,
like Funk, how was Funkari, flipping-pudges?
And the answer is because they're providing utility.
Like, things are heating up,
and they're working for their holders.
Like, there's opportunity there,
and someone's like, well, how can you compare the two?
This has a few hundred versus 20,000.
It's like, does market cap matter?
It's a metric.
But if someone's looking to,
if they've got eight eth,
and they're looking to pick up a NFT, join a community,
are they gonna spend that eight eth on an ape,
on two pudgies, on two Funkari?
Or it depends on what their goals are.
If it's someone that's looking to make money here,
whether it's appreciation of the asset,
or opportunities that the asset might provide
by way of access and utility,
it's probably Funkari 10 times out of 10.
Right now, especially if it's someone
that it's part of their decision,
is can this be a profitable investment?
Is there something that's gonna appreciate
over the next 12 months?
Is this something that I might have other opportunities?
Not a token drop, not tokenized stocks,
but this NFT might this community help me get access
to the next big thing, to other allocation,
other token drops, other NFTments.
And right now, again, quantifiable,
Funkari's running laps around those other two mentioned.
I'm not naming that,
that was just the two that FFD mentioned in the threat.
FFD left, because I was picking on him, a kid.
And this is why I quoted this morning,
and this was my open letter,
to all utility NFT brands from 2021-22,
several of which have later rebranded
as IP or culture NFT brands.
No one's decision to buy your NFT was
because they wanted a digital collectible
or a culture NFT.
I don't even know what that means.
They bought for utility, access, networking,
experimental tech, and or financial opportunities.
Even those who wanna say, nope, I just bought a digital collectible.
I saw SpinoTron just picked up an eight this morning.
I'm sorry, a Stomp Brooker actually, my bad.
He's a collector.
Stomp Brookers also have someone
who've extremely high net worth,
and he can collect things that are just gonna sit in a wallet
and not looking for any short-term opportunity from.
He may not need a club or a access for networking purposes.
But even those who are all I want is collectible,
and minimum as a tiebreaker,
if you've got two collectibles,
both of which have a future,
well, is there other stuff there?
Is there utility?
Is there access?
Is there networking opportunities?
Are they experimenting on chain?
Might it lead to might there be opportunities
for new financial opportunities?
And it doesn't matter if this is actually,
for those that wanna say,
oh, it's a few hundred versus tens of thousands,
well, the person who's looking at as an investment,
the one with a couple of a few hundred
is probably more attractive than one with thousands
because there's only a few hundred.
People are less likely to dump into bids.
People are less likely,
there's a greater opportunity to land some of those,
you know, allow list opportunities
when it's a smaller subset.
I'm not saying Funkari is gonna five extra here.
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