BAYC's $4 Billion Valuation - A Disagreement (316)

Yuga Labs gets $450 million, giving it a $4 billion dollar valuation. Robert is suspect whether the Bored Ape Yacht Club (BAYC) and CryptoPunks owner can drive that much value. Joe, of course, completely disagrees.

In other news, Time and Stella drop new NFT projects, while Morning Brew announces a series of in-person events.

Rants and raves includes an amazing Web3 piece from the New York Times and a rant about what channels Web3 creators will use to communicate with fans.

This week's links:

BAYC Gets $450 Million

Time Launches NFT

Stella Drops an NFT for Water

Morning Brew Launches Events

New York Times and Web3

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Timestamps: 

00:00 Intro

00:33 Joe Records Podcast from Arizona during CEX Venue Visit

03:44 NFL Cleveland Browns Lawsuits and Trades

12:40 Robert Gives the Show Outline

14:35 Yuga Labs Raises $450M

35:17 Time Magazine Releases NFT Magazine Issue

36:52 Stella Drops NFT for Water

48:25 Morning Brew Launches First Ticketed In-person Event 

56:36 Rants & Raves: Robert Raves “The Latecomers Guide to Crypto” NYT piece

59:52 Joe Comments on Ways Web3 Creators Will Communicate with Fans 

1:03:39 Joe CEX Event Update/ Robert Heads to London

1:04:41 Outro  

Quotes: 

Joe: “If you believe that digital property rights are going to be a thing…You’re going to see this media arm build-out of Yuga Labs for all these different ways… they’ll increase the value of what they own… Is this crazy or is this the start of the next generation of the internet? ” (18:46)

Robert: “The activities themselves are not valuable, it’s who’s participating in these activities that are considered valuable.” (21:35)

Joe: “Time hired someone full-time to run their Web3 business. They recruited and have things going and you’re going to have Stella do the same thing… You’re going to see Web3 evangelist and experts that are going to be built around these new business models.”  (38:08)

Joe: “We’re almost a year into a crypto bare market or down trend. There’s a lot of innovation going on right now and I think you’re going to see another year of this and then we’re going to see some exciting things happen as all of this experimentation comes to fruition.” (45:18)

Joe: “Morning Brew is following the media content model to perfection. Where they spent multiple years building their base and now they’re in full diversification mode [by running an event].” (49:45)

Robert: “I think you’re going to start to see a lot of these travel bans ease and budgets come back for travel as people start moving back into the office...business travel is never going back to the way it was.” (53:25)