[SPEAKER_00]: Hey everyone, welcome back to the Crypto Mavericks.
[SPEAKER_00]: Super excited to have on our guests here.
[SPEAKER_00]: Founder of Rect.
[SPEAKER_00]: You might know them as Rectcoin, Rect Energy, Rect NFT, OV, welcome to the pod.
[SPEAKER_00]: Thanks, Fabri.
[SPEAKER_00]: Guys, good to be here.
[SPEAKER_00]: Yeah, yeah, we are so we we've been following your journey since back in the days and instead of me butchering it, give me the quick inspiration of how you came up with the rec guy.
[SPEAKER_00]: Brian told me to lure, you know, you famously scribbled it one day on your office and then somehow it turned into a more time milling dollar NFT project.
[SPEAKER_01]: Yeah, I mean, I was, I used to be a trader, I was kind of bored at my old job,
[SPEAKER_01]: de-getting on NFTs and crypto-tonal, that kind of stuff.
[SPEAKER_01]: And yeah, I just doodle this character on my notepad and decided to mint it as an NFT one day.
[SPEAKER_01]: And so I bought it and then I made a couple more pieces and people bought them and then this character was a really caring character throughout all these pieces.
[SPEAKER_01]: So I thought, let me just make a PFP collection out of it.
[SPEAKER_01]: I'll make it free, kind of just look a bit of fun
[SPEAKER_01]: Yeah, I guess it kind of just went viral four years ago when everything crashed in the market new to everyone could resonate with this concept and idea of being a wreck guy.
[SPEAKER_00]: That was that's the inspiration of the drawing.
[SPEAKER_00]: How did you get inspired to launch into a full blown brand and come out with wrecked energy drink?
[SPEAKER_00]: We see the giant cans behind you.
[SPEAKER_00]: I got cases behind me and before you tell the story, true story, my friend came over last week.
[SPEAKER_00]: he asked me one of those sparkling drinks and I said, oh, it's, uh, I didn't tell him his crypto related.
[SPEAKER_00]: And he drank one.
[SPEAKER_00]: He goes, wow, surprisingly, it's a lot, it tastes a lot better than what the, um, it says on is very low shirt content.
[SPEAKER_00]: And he goes, kind of have those two cases.
[SPEAKER_00]: I loaded his car up with two.
[SPEAKER_00]: I got boxes of this, uh, uh, I have so much erect.
[SPEAKER_00]: And he absolutely loved it.
[SPEAKER_00]: Wasn't a couple of guy at all.
[SPEAKER_00]: And, uh, Jessica Kudos to your product.
[SPEAKER_01]: Yeah, awesome.
[SPEAKER_01]: I appreciate that.
[SPEAKER_01]: It's, um, you know, what we realized was that, um, there was, there was something behind this idea and concept of, of being wrecked.
[SPEAKER_01]: Like, lots of people could relate to it.
[SPEAKER_01]: And,
[SPEAKER_01]: The NFT project wasn't just a flash in the pan, you know, over the next two, three years, people, more and more people joined the community.
[SPEAKER_01]: And so I realized I was more of an opportunity behind it than just keeping it as a mean project.
[SPEAKER_01]: And I liked the idea of wrecked as a brand, you know, like we did, a few events, which were always, you know, way over subscribed and then we did a couple of small merch drops that were always sold out.
[SPEAKER_01]: And so,
[SPEAKER_01]: On the NFT collection, I, you know, put the right logo.
[SPEAKER_01]: It's the logo now.
[SPEAKER_01]: I wasn't really anything back then.
[SPEAKER_01]: But, um, put it on the hoodies, the hats and everything.
[SPEAKER_01]: I was thought it kind of looked cooler, kind of felt cool as a brand.
[SPEAKER_01]: So,
[SPEAKER_01]: You know, with the growth of the community and the movement, we had behind us, we thought, you know, fuck it, let's try and make the subbrand and I think the idea was, how do we get this brand out there in as many places as possible?
[SPEAKER_01]: That's not just the internet or crypto.
[SPEAKER_01]: And
[SPEAKER_01]: With drinks, they're cheap to manufacture, you can mass produce them, and there are tons of cryptocurrency throughout the year.
[SPEAKER_01]: So it was a really easy way to get the brand out there in front of lots of people.
[SPEAKER_01]: The other thing about drinks is, you know, everyone wants to try it, right?
[SPEAKER_01]: Even if you don't drink them every day, it's kind of like, oh, this is a drink.
[SPEAKER_01]: I kind of want to try it.
[SPEAKER_01]: You know, people don't have the same sentiment about a hoodie or a hat or other pieces of merchandise.
[SPEAKER_01]: So I thought it was a really good product.
[SPEAKER_01]: for a marketing machine.
[SPEAKER_01]: And that's the main reason why we kind of went down the path of drinks basically.
[SPEAKER_02]: Yeah, I mean, your story's amazing, Govi.
[SPEAKER_02]: I mean, I've been following you on X for a very long time.
[SPEAKER_02]: You, Mando, kind of whole crew, and I've always been big fan.
[SPEAKER_02]: I was early in on that.
[SPEAKER_02]: I mean, the rec guy meant it was free, which is something I think.
[SPEAKER_02]: It's kind of like past over.
[SPEAKER_02]: And I remember a lot of people that I was de-gending with NFTs with it was just like, we were kind of raging about the rec guy NFT.
[SPEAKER_02]: And then you had that epic trade we've talked about in the past.
[SPEAKER_02]: I believe it was you in Mando, probably right around 2023 with the board a yacht club with obviously injected a decent amount of liquidity into your hands.
[SPEAKER_02]: I just absolutely love that.
[SPEAKER_02]: I love that they care a little bit about just your personal background of that board age trade.
[SPEAKER_02]: And that was just so epic at the time.
[SPEAKER_02]: I love to hear your point of view.
[SPEAKER_01]: Yes, you know, it's one of those things.
[SPEAKER_01]: It's one of those moments in your life where you just write place, write time.
[SPEAKER_01]: And for me, I was,
[SPEAKER_01]: You know, I was drunk.
[SPEAKER_01]: I just like, I just quit my job at the time and I had leave and drinks with everyone.
[SPEAKER_01]: And, you know, I was drunk just on my phone, browsing and I suddenly saw this board ape, York Club thing that everyone was minting.
[SPEAKER_01]: And I think the mint had been out for a few days, right?
[SPEAKER_01]: And then I'm really touched it.
[SPEAKER_01]: And then suddenly it started to gather momentum.
[SPEAKER_01]: So it's one of those things where I was like, okay, I now see everyone is wanting to mint this thing.
[SPEAKER_01]: And I think, you know,
[SPEAKER_01]: There's a good chance that you can see the numbers right because you're like 5,000 left, 4,000 left, 3,000 left, 3,000 left, etc.
[SPEAKER_01]: So I could see that the momentum was there.
[SPEAKER_01]: My thought was okay, I'm going to be able to... Well, as case scenario, this thing's going to mince out.
[SPEAKER_01]: They're going to be higher, offer it mince out, and I'm going to be able to make some money there.
[SPEAKER_01]: So I just empty my whole wallet, basically, and mince as many as the curb, which was 158 at the time.
[SPEAKER_01]: And yeah, it's just crazy.
[SPEAKER_01]: And it was, you know, it was one of those things where I did go on the website and it was the first thing in crypto and NFTs that was like, this is a membership club, you know, that didn't, that concept was never explicitly stated before and I kind of understood it.
[SPEAKER_01]: So, but it was still, you know, I'm not going to sit here and say I was genius, it was just luck.
[SPEAKER_01]: Like I said, I was drunk.
[SPEAKER_01]: It was just, you know, one of those moments in time where it just make a,
[SPEAKER_01]: snap, degenerative decision, yeah, you know, I've solved some of the beginning, what's some back, you know, wrote the whole thing up with Mando and then, um,
[SPEAKER_01]: Yeah, we really believed in it, we really beaten down a T-space and really beaten in B-A-Y-C, and the founders, and I think I could, I guess, a couple of years later with Blur suddenly, there was all this liquidity.
[SPEAKER_01]: If we were to settle our apes before, and we had 72 for a long time, if we ever sold one, I think the entire market would be like, well, we're going to have to front run these guys, whatever.
[SPEAKER_01]: Whereas with Blur, there's
[SPEAKER_01]: as a liquidity, as a bed from actually big brother for a hundred of them.
[SPEAKER_01]: So we, you know, just seem like too good opportunity to mess and we took it.
[SPEAKER_01]: And
[SPEAKER_01]: Um, not, I'll see again, like it's one of the things that we sold it and then everything crashed and it makes me look like a genius, but it was like, it was just, it just happened to, we just happened to have that bid and we just took it and then what happened after it was happened, but it wasn't, I wasn't at that moment in time.
[SPEAKER_01]: I can't say that I was particularly bearish from the NFTs or even apes.
[SPEAKER_01]: So, um, you know, I guess it's one of those things that we always take profits, you know, you'll
[SPEAKER_02]: Yeah, I remember that time so well because it was a great time.
[SPEAKER_02]: The NFT days, we all talk about it.
[SPEAKER_02]: Like it was like the glory days, our high school football days of like this was a great time.
[SPEAKER_02]: We have ever had you have no idea everything every minute was hot.
[SPEAKER_02]: I still remember because where I live in the United States, it was in the middle of the night like 12 or one o'clock.
[SPEAKER_02]: And I was expecting the man to have it's kind of geeked up forward.
[SPEAKER_02]: like we a lot of us did at that time and remember you was like you're using the bathroom you look at your crypto or NFT portfolio and I'm like oh my gosh these minted out pranksy was all over the time line talking about how is the greatest thing and I was salty this is where I can get I was salty and I remember texting one of my buddies he's like hey we still buying these on the secondary this I go
[SPEAKER_02]: I'm not pumping pranksies bags.
[SPEAKER_02]: I still laugh about that.
[SPEAKER_02]: That text I sent to my body.
[SPEAKER_02]: Now that all being said, I, I, I, I, FOMO got me and I traded in and out of them and did well, but it was just such an, I, whenever I think about that, it was mint days.
[SPEAKER_02]: I think about that story with you and Mando and with Maki Big Brother and you're able to get the ape coin.
[SPEAKER_02]: It's just, it's just one of the most epic NFT trades out there.
[SPEAKER_02]: So congrats there.
[SPEAKER_02]: And now let's pivot a little bit back over to the correct guy.
[SPEAKER_02]: So you do, you did this.
[SPEAKER_02]: You give it out as a free collection.
[SPEAKER_02]: It's massively popular.
[SPEAKER_02]: It's still one of my favorite NFT collections.
[SPEAKER_02]: I still own a handful of the NFTs.
[SPEAKER_02]: So I absolutely love it.
[SPEAKER_02]: But you also gave, which is a really unique way to do it.
[SPEAKER_02]: You gave equal equity to all the correct guy NFTs holders, which is amazing because this is a free NFT.
[SPEAKER_02]: Like I just think people really need to understand.
[SPEAKER_02]: and then you go and you start to build another new arm of the business, these great ideas, and you actually give equity.
[SPEAKER_02]: So you have this sense of community, which we all rally behind already in the NFT world, it's sense of community, whether they really feel connected to you and the brand it looks like it's carried over
[SPEAKER_02]: a fabulous way.
[SPEAKER_02]: We'd love to have, like, your insight as well on, you, you gave equity your direct friends free to your wreck guy holders.
[SPEAKER_02]: What did you learn from that?
[SPEAKER_02]: And what could maybe other NFT companies or founders learn from your, the way you were thinking?
[SPEAKER_01]: Yeah, I just felt like I just felt like we went through this moment in time in 2021 where NFT companies did really well, they all raised capital and then we started to see more NFT collections, it sort of felt like
[SPEAKER_01]: projects and project founders had to now return value to their investors rather than trying to work for the community and work for the NFT holders and that I think created a big conflict of interest and after that happened and we saw these crazy capital raises of crazy valuations everything crashed and people were unhappy.
[SPEAKER_01]: More importantly people were unhappy, crypto goes
[SPEAKER_01]: There are communities out there where things will crash, but they'll generally maintain a good morale, but in this case people weren't happy and
[SPEAKER_01]: The thing is, it's tricky because you sometimes, if you want to scale something, you need capital, you need a capital and you can only waste capital from sometimes from BCs or other people.
[SPEAKER_01]: So, you know, I was thinking, is there a solution here, which can be interesting where you can get everyone on the same team, you know, everyone on the same level playing field that allows you to do that, and that's why we decided to give a good gift equity because
[SPEAKER_01]: would be on the same team as our community, we all own equity in the company.
[SPEAKER_01]: And they would also be on the same team as any current or future investors because they would also get equity too.
[SPEAKER_01]: And that way, everyone who owned the NFT or so is now a part of the story from an equity standpoint, not just from an NFT standpoint.
[SPEAKER_01]: And it's difficult to do that legally.
[SPEAKER_01]: You have to do it as a one-time equity gift.
[SPEAKER_01]: You can't just make the NFT's equality forever.
[SPEAKER_01]: You know, there are drawbacks in that people had to have own effect guys at that moment in time and in order to claim it.
[SPEAKER_01]: And if they hadn't, then they missed out.
[SPEAKER_01]: So it's difficult to get around it, but
[SPEAKER_01]: You know, I think it was a meaningful way to get people involved.
[SPEAKER_01]: And now I feel like people are just really behind this project, meaningfully because they're not just NFT holders, right?
[SPEAKER_01]: They're not just coin holders.
[SPEAKER_01]: They're not just people who purchase drinks.
[SPEAKER_01]: They all actually own the same thing that I do, equity in the actual company.
[SPEAKER_01]: And that I think makes a big difference.
[SPEAKER_00]: I missed out on that, but I will not miss out on the next things you're coming out with.
[SPEAKER_00]: And that's why I picked up one of these bad boys.
[SPEAKER_00]: Nice.
[SPEAKER_00]: The blueberry and inside, I got the barcode and I got it on the base app.
[SPEAKER_00]: And that's one thing I appreciate about GOVs.
[SPEAKER_00]: You moved so quick in the crypto world.
[SPEAKER_00]: Like last year, you launched, I don't know how you did it.
[SPEAKER_00]: I don't know how you tested the flavors.
[SPEAKER_00]: Got them released.
[SPEAKER_00]: You launched with every single payment platform brand blockchain out there.
[SPEAKER_00]: You know, wrecked on Solana.
[SPEAKER_00]: I got wrecked on base.
[SPEAKER_00]: I got wrecked on Binance of the exchange.
[SPEAKER_00]: I got wrecked on your theorem.
[SPEAKER_00]: Of course, is that the same strategy moving forward?
[SPEAKER_00]: Are you going to have a ton of different flavors of energy?
[SPEAKER_00]: By the way, I realize that I'm a half scooper.
[SPEAKER_00]: For those who don't know this is I drink blue strong huh.
[SPEAKER_00]: This is oh, I believe you I was up to 1 a.m. last night, but I Hey, I learned my lesson.
[SPEAKER_00]: I'm a half scooper for FY for those that don't know.
[SPEAKER_01]: Dude, I uh some of my friends take like two or three scoops and I'm thinking What the hell you do it cuz it's 200 milligrams of caffeine per scoop so it's a lot of caffeine
[SPEAKER_01]: Um, yeah, and I know guys who are taking like two or three scoops like in one go and I'm just like holy shit.
[SPEAKER_01]: I even when I I'm not a big caffeine guy and When I took one scoop the first time I tried it.
[SPEAKER_01]: I was like, fuck, this is this is strong and now a bit more used to it and I find it's a good balance for me, but Yeah, it's it's um, it's definitely a
[SPEAKER_01]: You know, these powders, it's a much more interesting product than the sparkling waters, because sparkling waters are kind of like cool, but I try this flavor, this flavor, but it's not really that exciting to speak about in the CPG world, whereas with the sparkling with the energy powders and the energy drinks coming out too, it's the interesting product, because it's like, okay, this is clean energy, this has althinine, which spues out the caffeine effect, this has,
[SPEAKER_01]: cognizant which is a brand for a chemical that improves focus, that improves memory, that improves alertness and improves reaction time.
[SPEAKER_01]: So there's a whole world of functional nutrition, I think is very exciting and people seem to be very experimental and willing to try this new stuff and we wanted to make something, I wanted to make something that I would actually have on my desk for the
[SPEAKER_01]: 12, 15 hours, I'm, you know, sitting here, doing whatever I'm doing, coding on Claude or, you know, general, I don't really trade crypto anymore, but I'm, you know, short times of people were there, trenching all that kind of stuff.
[SPEAKER_01]: And our target market or our best market is the crypto audience.
[SPEAKER_01]: And so the idea was to make something that was actually a bit more interesting for that audience.
[SPEAKER_01]: And, you know, we have a collaboration coming up with phase e-sports and that would be the first one for the powder and also the drink.
[SPEAKER_02]: Yeah, I mean, you've had some major collapse.
[SPEAKER_02]: I mean, between open sea and moon pay, just with the sparkling water.
[SPEAKER_02]: Now you're talking about with the powder.
[SPEAKER_02]: And then one of my favorite collapse, I think goes a little under the radar, you know, man, is we're going back to the clothing apparel, is that man or golf club?
[SPEAKER_02]: I actually bought the hat in the colored shirt.
[SPEAKER_02]: And it's kind of back to what you said earlier.
[SPEAKER_02]: I just,
[SPEAKER_02]: I just love kind of the wrecked logo.
[SPEAKER_02]: It's just like a clean, short, short, short word.
[SPEAKER_02]: It comes across really well.
[SPEAKER_02]: And I love that polo, man.
[SPEAKER_02]: I wear it a golfing all the time and I have people asking me all the time what's wrecked and then I'm going down this rabbit hole of like what wrecked actually means in crypto, and then the whole brand.
[SPEAKER_02]: Next thing you know, hopefully I convert more people into the wreck token, but it's another epic collab.
[SPEAKER_02]: Do you have any other, so you got this sparkling water, we got the powders, we got this clothing collab, do you have any other, you're still going in the direction of clothing in a peril, kind of just still mixing everything, or you put in a lot of the efforts just into the energy powder because it's so new.
[SPEAKER_01]: Yeah, I think with the clothing, I'm with the much.
[SPEAKER_01]: The objective on that is not to be like, oh, we're going to sell millions of hurties.
[SPEAKER_01]: It's more just, I feel like we have a community.
[SPEAKER_01]: We have a fan base, I think, that's probably the best way to put it and people want to wrap merch.
[SPEAKER_01]: We weren't going to do much, but we just had so many people asking for it, I was like, okay, let's just do it.
[SPEAKER_01]: And I love it too.
[SPEAKER_01]: We just dropped hurties and pullovers recently and I like where the hurtie was at the time.
[UNKNOWN]: So,
[SPEAKER_01]: We'll have, you know, that kind of stuff out.
[SPEAKER_01]: It's kind of like collectibles, right?
[SPEAKER_01]: They can pick it up.
[SPEAKER_01]: People want to collect them and wear them and brand them.
[SPEAKER_01]: But the goal really is to, in terms of scaling, it's definitely going to be with the functional CPG products that we have coming out.
[SPEAKER_01]: And right now it's the energy powders, but we have more stuff that we're working on in terms of product development that we have coming up hopefully this year.
[SPEAKER_00]: That's so awesome.
[SPEAKER_00]: I don't actually have a question.
[SPEAKER_00]: What I want to do is something that I've never done before is can you see my screen?
[SPEAKER_00]: Yeah, we got you, but all right, OV, and never been able to buy an NFT with the founder on a zoom and I'm doing it right now, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't
[SPEAKER_00]: You know, what's it about the royalties, but is there a rare one here on the floor?
[SPEAKER_00]: I really like this one because of the background, like the background is just crazy.
[SPEAKER_00]: And like some of these don't have backgrounds that like spazz out like that, some of them do.
[SPEAKER_00]: So unless you don't like this one, I might just go with this one.
[SPEAKER_01]: But if you want to truthfully.
[SPEAKER_01]: No, that's a really clean one.
[SPEAKER_01]: I like that a lot.
[SPEAKER_01]: It's not the rarest one.
[SPEAKER_01]: However, as we know from collections like crypto punks, it's not always the rarest stuff that has the most value.
[SPEAKER_01]: I think that one that you selected is the most aesthetic one.
[SPEAKER_01]: It's clean as well because there are certain hoodies that people like and there are certain hoodies that people don't.
[SPEAKER_01]: And that GM one is one that people like a lot.
[SPEAKER_00]: So there is no one hack me.
[SPEAKER_00]: That's actually a nice one, guys.
[SPEAKER_01]: I feel like that one a lot.
[SPEAKER_00]: That was it.
[SPEAKER_00]: Yeah.
[SPEAKER_00]: So what's your thoughts on NFTs overall?
[SPEAKER_00]: We see a small comeback.
[SPEAKER_00]: You don't get road teas.
[SPEAKER_00]: I know token strategies.
[SPEAKER_00]: She tried to do something with that.
[SPEAKER_00]: So yeah, just your thoughts on NFTs and how do you evolve?
[SPEAKER_00]: You know, because you evolve, you have a token out, right?
[SPEAKER_00]: And, you know, where's the go from here?
[SPEAKER_00]: I do think NFTs will come back.
[SPEAKER_01]: You know, like I think.
[SPEAKER_01]: what happened in 2021 was just too big to ignore.
[SPEAKER_01]: You know, the amount of mine shared that it got, like things like that don't just die forever.
[SPEAKER_01]: They come back, but it has to come back with good actors, it has to come back with interesting use cases, it has to come back with people not scabbling and acting the right way.
[SPEAKER_01]: So where did the recent rally in the last few days, I guess?
[SPEAKER_01]: is the start of a comeback or not?
[SPEAKER_01]: I'm not really sure.
[SPEAKER_01]: Do I see NFC doing well in the upcoming cycle?
[SPEAKER_01]: I think the answer is yes, NFC didn't remove last cycle, so I think this time around that they're poised to do so.
[SPEAKER_01]: And I think there are some good stories in NFC, you know, like you guys doing incredible stuff and they've had
[SPEAKER_01]: You know, they've made a strong name.
[SPEAKER_01]: It's done so much this entire time, you know, they've just rugged the entire thing, but they never did, right?
[SPEAKER_01]: So that's been, I think going well, Padji is obviously another example of, you know, something that's gone from just a peer-peer project to this big massive brand, and they obviously have a token too.
[SPEAKER_01]: So I think there are some good stories there, which,
[SPEAKER_01]: Well, do well.
[SPEAKER_01]: And one of those bigger connections do well.
[SPEAKER_01]: It gives people the confidence of more stuff coming up.
[SPEAKER_01]: So, um, um, you know, I think that the wind is turning.
[SPEAKER_01]: If you ask me this question in a year ago, I would say I don't want to own, really want to own any of T. They just felt like the, the quid is he wasn't there and the upside down said wasn't great.
[SPEAKER_01]: But now, I think that's changed.
[SPEAKER_01]: I think you want to, you want to have something I would say.
[SPEAKER_02]: Well, I mean, there was a time probably like a year ago where just the term NFTs had like a bad of connotation around it, like people said NFTs and everybody would roll your eyes and now it does feel like that's changed a little bit we're using the word and there's less cringe behind it.
[SPEAKER_02]: But Joe and I spent, I don't know, we were supposed to be working yesterday, but we spent like 30 minutes of an hour on a call together, trying to talk about work, but all we were doing were browsing NFT collections, because there was some recent months that did really well.
[SPEAKER_02]: I mean, where I don't know for back to every NFT minute where five or 10x it, but there are a few recently have done really well, but to your point, some of these OG collections have been around for a while, have strong teams, maybe they have a token, maybe they don't.
[SPEAKER_02]: How it up pretty well, you know, it feels like they found like that local bottom and they're slowly grinding up and a point I made to Joe Yesterday, I was like, hey man, I was like the funny thing about this is it always feels like NFTs and cycles.
[SPEAKER_02]: They're kind of like the end of a cycle of feels like We all feel rich because we hit all these all-time highs and crypto and then it kind of tells But NFTs have been like kind of pumping or grinding up as we're finding
[SPEAKER_02]: as the crypto market feels to be grinding up and getting out of this choppy pattern.
[SPEAKER_02]: So it makes me really interested just kind of my thoughts on NFTs overall, but man, I haven't had so much fun yesterday with Joe for years than just going through collections and talking about trades.
[SPEAKER_02]: and shopping, you know, aesthetically pleasing NFT projects and at one point where it's just like, I don't even care if this goes up.
[SPEAKER_02]: Now I do, but like, I don't like, it's really a wild time.
[SPEAKER_02]: So fingers crossed, we get just one more NFT 2.0 bull run.
[SPEAKER_01]: Yeah, it's honestly,
[SPEAKER_01]: I think no one will disagree with you that it was the most one of the most fun times in crypto.
[SPEAKER_01]: It's definitely the most fun time I've ever had because you buy a meme coin and whatever it goes up and stuff like that, but it's no real like.
[SPEAKER_01]: You know, it's not only that, it's actually not even really that fun.
[SPEAKER_01]: You just, it's a fun thing.
[SPEAKER_00]: It's a lot, right?
[SPEAKER_01]: Right.
[SPEAKER_01]: Like, that feeling of minting something and then you get the reveal, then you see what's rare and not rare and you get to, you know, assess the visual appeal of each and individual NFT, like, that's a really cool feeling.
[SPEAKER_01]: And then, you know, the reason why there are so many NFC backholders is because we all got so emotionally attached to our NFT's, but it's like, ah,
[SPEAKER_01]: I know I should sell this, but I want to sell it.
[SPEAKER_01]: I love this one, this looks way too cool.
[SPEAKER_01]: And then one month later, you know, I fucking should have sold it, but it's like that emotion, I think, isn't replicable in any other aspect of crypto at all.
[SPEAKER_01]: And you've kind of felt like a kid again.
[SPEAKER_01]: You just feel like you're a kid ripping football stickers, or whatever it was that you collected.
[SPEAKER_01]: So, you know, it was honestly the most fun time.
[SPEAKER_01]: And I just missed the feeling of, you know,
[SPEAKER_01]: mending all the stuff and even, but I'm into those apes and just seeing each one, you know, I had, I had one of the most aesthetic apes that I just gave away for free basically.
[SPEAKER_01]: It was like gold ape with a pipe and a being, wow.
[SPEAKER_00]: And that's all for like five years.
[SPEAKER_00]: Well, so last question from you here, you said, you don't trade crypto much anymore.
[SPEAKER_00]: What are you trading these days?
[SPEAKER_00]: AI stocks, perbs, are you trading anything at all?
[SPEAKER_00]: Or are you just focus on the business?
[SPEAKER_00]: And the last thing my dad is, I don't think you got wrecked.
[SPEAKER_00]: You weren't wrecked at all.
[SPEAKER_00]: You mooned, you did the opposite.
[SPEAKER_01]: Um, well, look, people only remember the wins and I've had my fair share of big losses in the last two or three years as well.
[SPEAKER_01]: They're just, you know, no, no, never remembers them.
[SPEAKER_01]: So, um, but, you know, like a completely stopped trading, you know, really for about a year now since the wreck stuff started to take off because,
[SPEAKER_01]: found it, you know, if I was being honest with myself, if I spent time trading and time managing regged, I wasn't doing either to my full potential and I felt like I got to a point where the reg stuff got so big and got caught so much momentum, I had to make a decision because
[SPEAKER_01]: I could keep doing both, but you know, my trading suffer because I'm just, you know, missing stuff or forgetting to take profits and then the wreck stuff suffer because, you know, one day you're working on something that's like, oh, shit, I need to close the position and then you, you know, that affects your work.
[SPEAKER_01]: So I really made a conscious decision to stop trading and, you know, like I own crypto, own Bitcoin, obviously, have wrecked and I own equities, but they're all
[SPEAKER_01]: after I made that decision it really helped me approach the wreck stuff with a clear mind and also just the general market with a clear mind.
[SPEAKER_01]: We all know how it feels to feel foam-o or, you know,
[SPEAKER_01]: missing out on staff and like, I should have done this, shouldn't that?
[SPEAKER_01]: And in my mind, when I'm like, what I've made peace with the fact that I'm not trading, I haven't really felt far away about missing anything really because it's like, well, sure I missed that, but at the end of the day, I'm not chasing that stuff right now.
[SPEAKER_01]: I'm not trading right now, and my opportunity I feel like with React is much, much, much bigger than just catching runners.
[SPEAKER_01]: And the second thing is, you know,
[SPEAKER_01]: You've also realized how much money I would have lost and all, you know, Mark has been tough for the last few months, right?
[SPEAKER_01]: And I'm just thinking, fuck, I would have for sure lost so much money and all these things and I'm so glad that that I've kind of been out of the market from a trading standpoint too.
[SPEAKER_01]: So, you know, I think if you're serious about building a project, you have to make a decision to really focus on it.
[SPEAKER_01]: And,
[SPEAKER_01]: It's fine to like, you know, I'm sure people pumped around and gambled on the side and degenerate a bit, degenerate on the side and that's all fine, but, you know, I really felt like I had to just put my 500% in direct and nothing else and if I didn't, I think I would regret it.
[SPEAKER_00]: great great answer.
[SPEAKER_00]: We we love your focus in your approach and everything that you're doing here.
[SPEAKER_00]: We see that pitch deck.
[SPEAKER_00]: We know you're working on big stuff.
[SPEAKER_00]: I listen in on your last call.
[SPEAKER_00]: So can't wait for hear what's next.
[SPEAKER_00]: And yeah, one thing I learned from this is I'm not going to drink when I treat because I'm not going to catch a board eight when I'm a drink.
[SPEAKER_00]: I'm a drink a lot of wrecked energy and that's why I'm putting me in the same level.
[SPEAKER_01]: Yeah, exactly, exactly.
[SPEAKER_00]: Thank you so much for coming on.
[SPEAKER_00]: We know you have a hard stop here.
[SPEAKER_00]: We'd love to get you back on when the next things come in the next chapter and maybe see you in person.
[SPEAKER_00]: Yeah, that's all good.
[SPEAKER_00]: Thanks a lot for having me guys.
[SPEAKER_00]: Awesome.
[SPEAKER_00]: Thank you so much.