 All right, everybody. Welcome to today's live stream today looks like a little bit of a red day And we have a lot of things to go over. So let's just jump right in. So the first thing, of course We can see that today is definitely a red day. I don't usually go over prices But it seems like that's on the top of everybody's mind right now is these these pullbacks Maybe a slight recovery, but these days this is normal and we can just see if we go on down the list I mean the market cap is 1.43. I don't have one point 1.5 trillion but we didn't hit that of course because things just kind of coming back and we can just see go down the list Yeah, it's a lot of red no big deal I think we all know that because everybody's checking their portfolio like every five minutes or seconds or whatever So why why is that going on? Well first of all not that I really care too much about that I will just say that one of the reasons is because of this The SEC looks like they decided yet again to not approve Any of the spot Bitcoin ETFs now, this was something that was floated by by a couple of experts About you miss and I feel the other guy's names And they said that yeah During this this window time the the black rock the fidelity is the arcs They can all be approved because we're not really going through any kind of like active feedback And they said this would happen potentially within seven day days today is the last day and surprise They didn't do it. So it always astounds me how people are like, oh, that's amazing It didn't actually happen and I'm like, are you kidding me? Do you think that really was gonna happen? I'm still on the fence about this January one going up but but here we are and That's what's happening. And of course any is a little bit of pullback and people either get scared They're taking profits or whatever else it is and as a reminder I'm hoping that this actually gets approved so we can stop talking about and I finally get it out of the way I've been here about this since 2017. So this would be About it about the time we should actually get this done But there is one thing that I will say and that is that we have final deadlines for black rock and bitwise and Van Ech and Hosts of other ones, but the first one and the final deadline for the for arc is January 10 I'm telling you right now if they don't approve Arc 21 shares an arc They're not approving anybody else because it would I would be I would be hard-pressed for arc They're gonna say now I'm not gonna do it and they you know approve everybody else That'd be massive lawsuits, but we'll see what happens. And of course with this you have to understand that These are just ETFs. This is the thing, but the but the big question is is this normal? Yes, this is very normal. And of course if we take a look at if you are here from 2021 Welcome welcome to The volatility that is the crypto market and just remember this this is from 2016 to 2019 actually we're looking at mostly 2016 17 We took a look at the big run-up now. These are This is in the massive blow-off top bull run This is my first one and it was quite a roller coaster ride and people told me that was normal I'm like is that normal? It seems so strange, but yes This is actually what we went up to and of course you can see along these peaks and valleys you've got Pullbacks of 38 percent 36 29 to reach the promised land of all-time highs And what does that look like for this last one pretty much the same? Except that this one we had two double tops and you get to see that I mean yesterday we may have gone down like two or three percent for Bitcoin I'm not for sure how much and of course for all it may have gone like 10 or 11 percent. That's child's play Wait till we get to this stuff. So if you're Sweating it out and think to yourself this this is gonna be very tough You're right and that's why not a lot of people can do it But I think if you're here now, you're not a tourist and I welcome you to into the clan of being the people that are actually Veterans so welcome to it and then I will remind everybody about this People say well, you know, this feels pretty good Especially class 2021 which I always think is kind of funny But just remember that this is nowhere near of where we should be or where we're going to be In the next year to two years. This is My favorite one of my favorite websites look into Bitcoin comm hundred percent free except the macro stuff But just look this is if you take a look at the the market value and the realized value And then they take all the noise out with the Z score. Look how Far up we are from the massive buy zone It's nothing. It's nothing. So if you think like oh man, I missed the boat and I should have bought more Don't worry. You got time and of course we take a look at the PyCycle top again These are one of the indicators I talk about in my video where I'm gonna talk about when I talk about selling 80% of my crypto PyCycle top is one of those ones that can actually nail it You take a look the 111 day moving average and then they crossed over the 350 day moving average times two and into that retrospectively it nailed it in 2017 we had a double top in 2013 and of course we had in my personal opinion We had a double top in 2021 which is kind of interesting because you have like a double top in 2013 a single top in 2017 you've had in my opinion a double top in 2021 So maybe this one will be the next blow off top, but you can just see that's just how far things are actually moving apart or That the amount of space that we have let me put this up We got quite a ways to go before we hit any kind of tops and then also Don't forget this little gem The rainbow price chart indicator. Let me blow this up so you can see it This is a is it a reasonable indicator for tops You can see it kind of missed the mark over here and then of course 2017 it nailed it and then 2021 not so great But it does do a pretty damn good job about calling some lows and look at this if we just zoom this in to take a look We're just barely above what they would consider a fire sale and over here There was a line that they didn't even know what the heck that was because things were getting so low So again, if you think you missed anything, don't worry You've got plenty of time. These are just discounts and these are normal as we call them pullback So let me just think about that in the comment section and that'll take for you know for Bitcoin and it's going on What about alts? What about alts? It's a great question Gas fees I never thought I'd be covering this but here we go polygon and beat before I move on you have to understand that's I'm super biased. Yeah, everything I talk about I own So we're gonna talk about Polygon we're gonna talk about near we're gonna talk about sweat. We're gonna talk about alluvium. I own all these things So don't be disillusioned like oh Rob's a great guy. He just talks about these random coins. No, no, no That's not that's not how it is. I own them. So polygon The gas fees spike a thousand percent and when I read this to you Imagine what it would be like if aetherian fees spiked a thousand percent So here's what's going on gas fees in the polygon network reaches high as ten cents Let me read that again Gas fees in the point polygon network reaches high as ten cents. That's not bad. I'll take that I mean it is a layer. It is a layer to it's a side chain But still I mean that's quite a bit what the hell is going on So here's we got gas fees in a theorem layer to polygon surge more than a thousand percent to reach a peak of ten The spike could have been due to the launch of a new polygon based NFT collection This is Sandeep One of the co-founders of polygon. He said what's going on? He goes this is a lot This is a pretty high increase of the transaction fees, but I did say this which is I thought was quite interesting six million transactions in last 24 hours a 170 Transactions per second on average All right One million plus Matic burnt by the protocol and I were talking the chain works smoothly gas fees went crazy But no reorganization no blocks no zero blocks, etc. So I gotta tell you hats off to the polygon team for getting through What was quite a bit of a of a congestion as everything starts to be to clamp down in polygon? So it looks like if you're worried about polygon, hey, it stayed up unlike some different cryptos You can say what they are in the comment section. I won't name them and Moving on Reason for the uptick, but so that's what they say they thought well Maybe it was it was an uptick because of this NFT collection But they did say the reason for the uptick and network activity and sudden spike in gas fees Seems to be coming mainly from a frenzy of enthusiasm for minting the new P O L S token We'll give that a second do an analytics data showed the rush of minting activity for polls polls, whatever coincide with more than a hundred and two million Matic The polls token is built on a protocol dubbed PRC 20 which operates similar to the Bitcoin ordinals derived BRC 20 token standard And of course, you don't know what what ordinals are It's essentially NFT collection on the on the Bitcoin blockchain Which the Bitcoin maxis most of them lost their head when this actually happened, but I thought it was a pretty good use case but whatever Moving forward the only 8.7% of the total polls supply has been minted with just over 18,100 owners claim the token and then of course gas fees have actually returned to normal levels at 8802 way So here's a question. I got yesterday. No two days ago I couldn't do yesterday's stream because back would not allow me to do that but this Matic to polygon or pole or pole 2.0 polygon 2.0 molest on Pole contracts are live in a 3M main net. This was on October 25, 2023 People were asking me about hey, do we have to swap? We have to swap. We have to swap Well, this is directly from polygon dot technology This is from their website from their blog post and the question is here Is there anything I need to do today as a polygon POS polygon ZK EVM user or Matic holder, let me say that again. Is there anything I need to do today as a holder of Matic? The foundation says nothing Nothing this upgrade does not change active systems. Let me the polygon POS or polygon ZK EVM networks at this time If something changes, I'll let you know all existing contracts will function as previously designed If you would like to join the governance process to give you input you can join here and there's the form and that's pretty much it so I know there's a bunch of different websites out there and different Pretty much scams saying you that you need to change it over right now This is the information I have so far correct me in the comment section, but this is coming directly from the polygon organization Don't do anything. However talking about that and alt Let's talk about blockchain gaming. So On this channel, I've been talking about it for a little bit of time about how I think that the next evolution for The crypto markets are going to pretty much blow up by two different factors One is ai and ai cryptos And the second one will be web 3 and blockchain gaming and looks like if you've watched anything lately That they that is true things are blowing up But not on top of that just the price because the price of the token is the price the token The real question you want to ask yourself is who's using this stuff? Is it being used? Is this nonsense? Are people just leaving the dust? Well, here's a little bit of insight Blockchain gaming hits 1 million daily unique active wallets milestones from dapp radar so blockchain game reach 1 million unique daily unique active wallets 33 of the month's industry activity Which chains are doing it? Great question wax Crazy remains the leading blockchain ecosystem for gaming activity with 406,030 daily unique active wallets silo Blockchain sees a 538 increase in its gaming activity this month. So if you hold silo, I personally don't then congratulations to you Also alien worlds is the most used gaming dapps are passing. This is crazy 133,000 daily unique active wallets All right Sure, and then to the continue on blockchain gaming overview daily unique active wallets source to an impressive 1 million 16 increase the previous month Gaming stronghold is evident commanding 30 of the industry's activity. So whatever here's the interesting stuff Industry dominance by unique active wallets. You can see it's broken down by d5 games nft and social. What do you notice? You notice there's a bunch of red and it's dwarfing not dwarfing, but it's outpacing The other ones and the red is games blue is d5 purples nfts and this orangey burgundy I guess is social and you can see over time that games are doing pretty darn good and Like I said before, I think this is where things are going because remember even if we have another pandemic even if we go into some type of Black swan or bear market people still need these tokens to play these games. Believe me. There's a lot more gamers out there And I think that in the then we realize And the question then is well, what's going to leave the charge? Well, as far as like dapps go near protocol made a big leap reducing a 34 jump to turn 29,000 unique active wallets And then their scale Then solana Also a game called pixels moved to run and spurred the surging unique active wallets pixel medicine if can transition to run a Network catalyzer monocle surge is a number of UAWs. So that's great. Here's the question. I always have is well Who's who's leading if you go to dapp radar com? And again, what I'm looking for is the dapps themselves and we're kind of blurring the lines between dapps and games I understand and get it Right, but if we take a look at which who is building on these these protocols And what are the ones that have the biggest as far as like unique active wallets? Well, the first one is kai ching and that's on mirror and it's a it's a certain type of app I haven't seen in america southeast asia different parts across the globe and really what it is It's like a shopping app But it's built on mirror and they got a boatload of difference unique active wallets 668,000 that's a lot And then the second one is alien worlds, which is built on wax like we just talked about and bnb chain Alien worlds. It's got a balance of 2 million. Like that's great and the unique active wallets hundred hundred thousand You don't know what? Alien worlds is it's like a card base game looks something like this I'm personally not a big gamer as far as like card game does for dam sure but you know, this is what is Taking place for gaming great. That's fantastic. So then we got that and then of course sweat economy, of course, I got to talk about it because I own it But it is number three and it's on nearing ethereum unique active wallets hundred three thousand the balance is 170 million Pixels the one was talking about unique active wallets is pretty high Almost 100,000 per day and then just to just to put that in perspective pancake swap That's 300 million as far as locked up and it's got for the unique active wallets 63.92 thousand unique active wallets. So that's what we have For gaming and for those pieces links are all in the description. You want to take a peek now Real quick. I want to talk to you about the gaming industry as far as alluvium So alluvium remember that game I just showed you this one right here alien worlds You know, it's just a card base game fantastic, right? So alluvium what is always interesting to me about these games is I'm like Do you even have a working product? Because a lot of these things they gave us a bunch of of promises that no one ever delivered Except these guys so far now there's other different games out there Like a pixels like, you know fill in the blanks. I'm not a you know Bigging to all of them But alluvium is launching their game on the epic game store of number 28th. First of all This is the game itself. Let me this is not a really good. Let's see games. Let's go to overworld So this is actual gameplay It's not like a trailer or something like that And this is what they have right here. So epic the epic game store if you're not familiar with epic games They're the ones that this is the epic game store itself They're the ones that produced for tonight, you know, that was the free to play game That was the first free to play game to hit a billion dollars revenue in under a year. Yeah, those guys So they're going to launch on epic games And the question you might have is we'll rob. What about the token? Great question It's down almost 4% like everything else, but the alluvium token itself Over seven days. Yeah, it's still not too good 14 days. All right. Now we're talking 30 days. All right 40 cents 90 days About the same 180 It's pretty damn good, right? But if we max out, this is where it looks way different. Check this out. Wow This token used to be 1800 dollars And now it's 80 bucks Isn't that amazing how things just kind of go down during this this time frame But again over the last 90 days it's done pretty good. And as a matter of fact, uh, we talked to curin warwick This was on who was this september 26 So we were talking to one of the co-founders of alluvium back then. I was like, you know, I think I'll probably invest into something like that And it worked out pretty well for me. Now, does that mean that everything can't crash tomorrow? No Who knows what will actually happen? I have no idea But as far as like the alluvium they can stake it and all that great stuff now What I want to do is I actually interview the other co-founder grant warwick because the question I had was this is like, okay How long have you guys been doing this? What is this? I mean one is everything going to come out and what does the token actually do because I don't understand Exactly what's happening here. So this is about 10 minutes or so just take a listen to the interview And uh, we'll come back and we'll do a little q&a and go from there Up up up It's promised Want to bring in somebody who would give us a little bit deeper insight into what's going on with the alluvium gaming token grant warwick Welcome to show for the first first time Thank you, and you had my brother on a month ago. Oh, yeah, this guy This uh, don't put it up. Don't put the image up please. Oh this guy. Yeah. Yeah, right So anyhow, so we had him So we had It was and everybody who was watching Yeah, everybody's watching the video the link in the description for the the interview we did with with kiran but Grant I want to bring you on to really go a bit deeper into the project itself because I believe we've been talking about this for over Probably about a year now I believe that web 3 blockchain gaming is going to leave the next Bull market it'll be between this and ai and this is why I got excited about But the thing is I got to ask some questions and the first one is this Alluvium your game. It's one of those rare web 3 games It actually has a working product and it's going live in two weeks on the epic game store So what did it take to get to this point? And then we'll go over a couple things about bridging web 2 to web 3 And then we'll get into the actual token and why we actually need and what it actually does So the first question grants How did it take to get here? Look it took a lot of ambition From my brothers and I initially in that first week period just thinking big Which stems from our oldest brother kane already being successful in the industry We had a kind of mentality of he can do it We can do it and if three if three of us are doing it versus him just by himself We can do it better and so from a very day one kind of point of view. We were very ambitious But ultimately we had kane's success to kind of live through there and manage to secure enough funding to build out a really Really world-class team and we pooled together our collective networking ability to get some of the best artists developers Engineers in the space to just start building out something absolutely massive So the team being of a world-class standard I'd say is number one second to that is we've had a very dedicated and passionate community that has managed to Keep us relevant throughout this whole development cycle You know, we have over 300,000 people across our social media platforms and discord And they're very very passionate people who've been creating content around our product and our development Which has kept the team motivated So there's kind of been a synergistic vibe where we have a great community a great team and through different ups and downs we just feed off each other and Somehow maybe a little bit of luck as well I guess you could say or bad luck. Who knows at this stage. It's taken a lot of It's taken a lot of hard work Right and then to okay Just to expand that real quick because this isn't like an overnight success because I think you guys started this in 2019 or 2020 am I wrong? If you go back in time, I would say this is a pretty good definition for overnight success not warranted overnight success at the time We and I've said this in other AMAs We Were we didn't have a game and the whole industry was going absolutely crazy Right and it was very similar to tulip mania where it was all speculation And just so many projects just talking about massive scopes and Delivering crazy things and I think you could pull alluvium into that as well And the only thing that really separated us was that we actually had a team that could pull it off But at the time, how could you have proven that it was very The whole thing was wild so I don't think we are successful yet until we have a fun game But it just depends how you look at it because if you look at it from the crypto side of things We were successful pretty much overnight. It's just wild Yeah, and then well and then that'll lead us into our next question a bit but talk about your team because I hear a lot of people they will offload some of the responsibilities for the creation of these these different games to Different individuals or different groups How big is your team right now that is actually putting this together because to me I know nothing about creating games absolutely zero So how many what does your team look like and where do they come from and what kind of size you've been looking at? We have a team of over 150 people from over 27 different countries The entire project throughout our development cycle. It was all done remotely outside of an alluvium office We had in sydney for a period of time, which you know We started when covid was still around and people just got used to the idea of working from home. Yeah, so I feel like, you know, one of the things that there's it was a double-edged sword where The type of work that game developers and artists who work on games do is Better in a kind of work better when you can work to your own hours because it's very passion driven And you can work really really hard and that nine to five mentality I just don't think suits game development in general and a lot of major studios force their teams to go through that and we were forced not to go through that because How are you going to hire 150 experts in australia? Where the talent where the talent pool just isn't there. We don't have AAA gaming studios in australia so we were forced to do things remotely and It just also allowed us to just kind of have no restrictions and One of the we as brothers we worked really hard early on and we kind of just had My time zone would just interchange. I do a you know, 12 14 hour day But always sleep eight hours. And so I would wake up talking to one group of artists Go to sleep Wake up talking to a completely different time zone of artists and then as the weeks roll by you're interchanging While those artists as well are doing the same thing. So everyone was interacting with everyone at different time frames and we kind of had this like Steam engine where it just never stopped. It wasn't like nine to five. Everyone's gone It's empty and there's crickets in the workplace. There's just always something happening. And I think that provided a lot of Motivation to just keep pushing as hard as we did Got it so So talking about pushing because you just mentioned that you said, well, you know We were successful and you know for the for the token itself and things a little bit crazy in 2021 That is true However, you know, you guys to me like I said, you're one of those rare projects that actually have a working product And you guys are going to go live on the epic store in a couple of weeks So with that one the the question that I have is Okay, traditional gamers that are out there the web two guys They hate web three and blockchain gaming and nft games at least. I mean in the us I mean we talked to yatsu if men milk a brand says a little different out there But for the web tours out there It is as simple Is it as simple just making a fun game that they want to play From then a crossover And do we even care if they ever get it and it really just matters like look here's the game. Take it or leave it To answer the second part of the question. I personally at 100 care if they get it because I always prefer people coming around to innovative ideas Even if at first it's like people Didn't like seatbelts and cars at one point There was legislation like lobbying in place to kind of undo it and you're losing rights and things like that How like in hindsight, how can you say seatbelt is a bad thing for a car? So there's kind of like when you're developing a game and you're trying to Prove to people that what you're doing is more than just making a fun game Then I think that absolutely matters, but still fundamentally you're never going to prove it unless the game is fun And so that was what we focused on first And then the side quest is trying to get people to get it right to get the crypto element of the project and It's it's multifaceted. It's it's You can't just jump into the crypto space and start developing games and just lose all the fundamentals of Game development. You have to first lay the foundation Like a traditional gaming studio would and then innovate on top of that And with all of the scams and dodgy projects that we saw unfold It really really made it an uphill battle and now we really have an uphill battle moving forward because I've personally seen youtube content come out on our project that has had very little research done into it kind of intentionally Generating that drama and buying into that Viewership you're going to get hating on crypto projects and it's like you're not even doing research You're not understanding what we are doing and you're not understanding that we kind of get half of what you're saying We're humble about it enough to go. You're right. Like a lot of this is Shit to put it harshly and like we get that just give us time to deliver On what we're saying and try and be a little bit open because not every single studio out there developing in the crypto space Is rugging you is developing a crappy project has team members. They're inexperienced and Now we're coming to a stage where I could see other projects Also starting to deliver on things that they said they would which is extremely exciting because you don't need thousands of these games to succeed You just need a handful and maybe out of that handful one really really popular one That kind of just bypasses that threshold in in mainstream gives everyone else the bar to Move towards and we haven't hit that yet, but we're very close I hope that we can be the one that does that in a couple of weeks Because we're very excited about this release and I could probably get into the nuance of why you'd have to be a bit of a gamer to understand it but Well, how about this grant? We'll leave it for the the next one yourself I figured I figured Thank you, thank you, so but we'll have you back and we'll talk about it But here's the thing like we're gonna talk about the token itself But again, like I said like you guys have one of those products that actually is a working product It's coming out on epic store, but let's talk about the token itself, right? Because we'll take a look at the token Uh, let's just say the question is this because people are asking right now. What is the token do? Why do we need it? And what about this topic called revenue distribution? I saw you were on another channel There it's a Jesus Martinez classy games and you you mentioned it. So let's just get into it Let's talk about the token as far as the investment side of it So for me the token the tokens to primary purposes are for decentralized governance And revenue distribution Decentralized governance we've seen in other projects similar to, you know, my my oldest brother's token synthetics where you're We as founders don't have that ultimate ultimate say over Core things that happen in in our project Which was early on the reason we were excited about that was because the traditional gaming industry Has massive communities of followers who follow their games who want sequels And spin-offs to go a certain way But everything's held by the studio and it just doesn't and they continue doing things the way their communities hate They start alienating, you know, people are afraid to make those decisions to like pivot away from certain things so by having a decentralized governance structure that is foundational with our token We've already started to see decisions made that I personally don't agree with But i'm happy to follow through with because I do fundamentally agree with the idea of being decentralized and for me, that's Exciting but it's nowhere near as exciting as revenue distribution because I still remember The day I heard that concept being talked about like three or four days after kieran approached me when we started And he was talking to a couple of venture capitalist firms And I think everyone was just spitballing ideas and winging out like what we wanted ilv to be And then this idea of revenue distribution came around and for me as someone who Isn't a crypto person. I'm not a djin. I'm just your average artist Wasn't investing in crypto my whole life. I don't have some backstory of being a crypto person heard that concept and was like Whoa This is crazy We would be the this is different from all the other crypto projects as well like a hundred percent revenue distribution proportionate to your stake in the token If you are a ten percent holder you receive ten percent of revenue distribution, which is just So much more revolutionary than a typical gaming studio where you have a board of directors and then Investors and they're getting a tiny distribution of the company's profits for us 100 percent Revenue distribution and the only way that you could have ever implemented that in a modern international Invested business or dow or whatever you want to call What crypto companies have become could happen through that technology that crypto enables being able to instantly through a smart contract redistribute revenue from the game and I think that is probably the most exciting thing As an art as one as the art director for two years on this project I think that's more revolutionary than any of the art we've ever done I think it's more revolutionary than any of the ideas. I've seen in other crypto projects And I'm I'm really excited to see us get to the finish line and just see how that unfolds because It's it's an incredible concept Yeah, let's see how it goes and again. It's not like you guys just have have one Stake in the fire that you guys got three potentially four games coming out And look like you guys are going the right direction. So Grant, I think you've answered a lot of our questions in a very short amount of time So I want to say thank you for stopping by we we appreciate it Thank you for having me appreciate it. Yes, we'll have you on again And then everybody who's watching at home, uh, there'll be a link to the description You can check out alluvium the staking and then of course links to the token and stuff like that And then we'll go from there. So grant thanks again Thank you All right, so Hope they're answering the questions. You know what in and all honesty, I want to say, uh, thanks again It's uh, Grant Kiernan for coming on and just explaining exactly what alluvium is and what's happening But there was a couple of questions that I saw one of those from from meme And the question itself was why is alluvium? Why was it first of all almost $1100 and now it's $80 as opposed to like say something like uh, like gala and There's a question for yourself. Really what it comes down to is market cap And of course circulating supply. So we take a look at alluvium itself We can see that uh, uh, where is it? This is what's interesting. The circulating supply is only 6 million The total supply is only 9.6 million That's pretty damn low. So if you think about it, then there's a reason why it was so much And moving from there, you're like, maybe that's uh, quite interesting again The lower the total amount, of course, the easier it is to raise the market cap as opposed to say gala games Which if you're looking at their total supply max is 50 billion and total right now is 28 billion But the question then you also have to ask yourself is this well if alluvium is that much and it's got this much And there's some circulating supply. What's the unlock schedule? It's a great question And the answer is if you got a coin gecko and click on tokenomics You can see exactly the breakdown for the allocation Then you can see like, you know, who's got what public investors public investors public investors Pre-seed and seed that's literally about 25 30 or so. The team has 50 15 percent got to get the lights on Treasury same type of thing get out. We got a buy for things the yield farming That was for the revenue distribution and the end game rewards as well 10 percent So you take a look at that pretty interesting and then this is the big thing who's dumping on me You take a look at the supply schedule. We are right now in november 2023 There's not much really going on after this. So, uh, this is the supply schedule You can find us on every different crypto that's out there. So great question. And that is it. So now Uh, I guess though, I guess we started the Q and now already but That's it for today's news. If you like today's video, give it a thumbs up consider subscribing when we talk about is time sensitive