 Most people don't get the art because most people are not up there in the mazlals pyramid The final step on the pyramid is crypto punks and board apes. All right. Let me just put this in here NFTs so first they said it's an advancement in technology that will fundamentally change the way we interact as a society Now it's JPEGs of monkeys with heads. I mean Yeah, I own one, but I don't take it too seriously. No, no, they will hold the value But it will bump. No, I do hold these they say that this year is the year crypto will find adoption They say that every year, but this year is different. So actually a smart contract You can do way more than just mint NFTs custom rules touring complete. Not that we do ERC 721 Yes, but we actually use ERC 1155 one Ethereum it's different on Solana everyone makes their own rules now technology innovation much more open than the traditional finance system Millions of different APIs you can bypass legal restrictions bypass securities law or directly go to the creator still kind of legal though I don't really see the art in Screen-shutting a tweet, but I'm also not a crypto millionaire. So what do I know? We did issue a few collections You know just to learn more about it multi-chain not that we care But some people bought in not that we care we generated an entire collection And it looks just like any other not that we care now. It's our main business model Before that we were a sauce fixing dockers. We just introduced the new DeFi protocol. Here's our rainbow paper dogecoin Yeah, I hold a bit just to diversify the portfolio Nope off my humor. Well, many people don't know is that there are different chains out there polka dog Well, I gone eos colana Solana polka dog Roxana or Donna. They're literally spawning while I'm talking No, seriously, I Have a script running foundation. What are you talented? We could spend our collective time building real-world use cases on the blockchain democratizing finance giving the less privileged access using it to track information or we could just trade JPEGs of monkeys board monkeys with heads I mean, I do own one philosophy is about what should be happening economics is about what is happening NFTs is about what shouldn't be happening. Yeah, it's good to redistribute wealth A lot of people making money in web 3 are reinvesting it back into the industry It's sort of an industry for itself make the rich richer and the artist So first you pay an artist to draw images, then you pay for a generation service Then you pay someone to write a smart contract, then you spend a thousand on deploying it. G. Way is high or G Way is quite low Let's maybe have a break and part of that is used to pay for services that burn energy Part of it is directly burned the cost of innovation Then you create a website that people can mint their NFTs on they pay you fees They pay the transaction cost then they listed on OpenSea. They pay OpenSea They pay transaction cost then somebody buys it and pays transaction cost Then they chill it on Reddit Twitter medium Twitter some sketchy internet blog a Twitter scam medium article a medium scan a Discord server for Chan and what can I say finally someone buys it and Pays transaction costs and all of this just to have monkeys on your phone. This one's mine Not that I care, but it's way more than that under the hood the economic implications the societal implications post scarcity I see it this way you could list an artwork at an auction pay people to certify its validity pay for safe transport pay for Maintenance pay for safe storage or you could just sell a picture of the NFT But that's of course not how it's used its main use monkeys with hats port monkeys with hats But hey, they have different colors all papers only green ETH will drop Bitcoin will drop I mean I do hold both hodl. Is this a serious interview higher liquidity automated market-making yield-forming, Texas I see innovative ways to make money I see innovative ways to make money in a prettier language and a better community and deaf environment than JavaScript JavaScript But it's way more than that building community without revealing identity bragging without proximity new asset class Allocating value without corrosion easier artist exposure artists Space for exploration space for technological innovation new ways to relate online global Community all those people in their basements connected better way of showing your support for an artist or a cause or your bank account Not that I do social tokens utility tokens antisocial tokens antisocial social tokens. It's all there empower Creativity decentralized investment opportunities ease access to funding empower innovation or board apes and crypto punks