Speaker 2
Well, i think board eighths would be the exception there. The right. You get jimmy fallam on showing office board ape. That's community driving some serious value to the ip, though, a hundred %. And i would actually say that board
Speaker 1
apes is more in the bucket of controlling their ip than they are bestok, completely bestowing it and making a c c o project. I don't lie. Sirapes. Ga, they're doing the serum, they're doing all that stuff. Virsti something like lo were it just like, go have fun. You got it. You got it exactly right? So board apes still controls that ip. They still bring immen value back to the project. Completely differently in the way that lot us, like lot is saying, here are the assets built. And i would say the trade off is interesting, right? The trade off is you're leaning really into these web three principles of community formation and network to nfts, and allowing anyone to do anything in any direction that they want. But you're trading off this idea of some centralized group that brings value persistently over and over an and so like, until that needle gets thread in a way that i think we just haven't seen anyone thread that needle totally right yet, which leads me to believe that, like the c c o is directionally correct, this idea, like pure c c ois, directionly correct, but the execution just needs to step up for us to see projects rally around ip in a way that can persistently bring value back to its community. And i think we'll get there. But until then, it blends into this bucket of kind of ge to geke, for i consumer retail. So that's like the first part of the question. The second part of you question is just, like, what's too geeke, and i would say, i don't know the answer to that. Like, i think we're still at the very earliest innings of, like, how value gets created in this space. I'm still not convinced we know how. Like the technical decisions of, like, sometimes these t these very technical decisions thake that geeks love, end up becoming the primitives by which new projects gar built. Do you also n the castles? I do own a few math castles, and i think it's a fascinating project. I'll give you an example. Weret like the technical decisions that larva laps made with cryptopunks, then autoglyphs, and then arpbocks took and made into is generalized market place forma for any artist in any collector, those three primitives have ended up in forming these more retail focus products like t p f p. Right? So i would say it's those technical, geeky decisions that have really led to an onslaught of like, you know, this idea of the mint process, or like the p f p as a marker for identity, or this idea of rain demised minting, so you don't know what you're going to get when you press the mint button. These are all corps concepts, this idea of like, ten thousand a p f ps to conform to form communities. These are all kind of geekee decisions that informed more retail looking products sso i would say that geek in me really just wants to try as much stuff as possible, wastes as much eath as possible to really understand, get over that bar of understanding of what are the desperate experiments that are being run, because i know those decisions may end up in forming some of the most important consumer products in the future. Yes.