My First Million: #155 - NFTs Explained: How Digital Art Is Being Sold For Millions and What the Opportunities Are

All right.

Quick break to tell you about another podcast that we're interested in right now, HubSpot

just launched a Shark Tank rewatch podcast called Another Bite.

Every week, the hosts relive the latest and greatest pitches from Shark Tank, from Squatty

Potty to the Mench on a Bench to Ring Doorbell, and they break down why these pitches were

winners or losers, and each company's go-to-market strategy, branding, pricing, valuation, everything.

Basically all the things you want to know about how to survive the tank and scale your

company on your own.

If you want to give it a listen, you can find Another Bite on whatever podcast app you listen

to, like Apple or Spotify or whatever you're using right now.

All right.

We're live, Sam, how's Cancun?

I don't know.

Upstairs break.

What's up with your boy, Ted Cruz?

Yeah, what an asshole, man.

He bailed on us.

Us Texans.

Yeah.

What a jerk.

Whatever.

I am going to Hawaii next week, though.

I'm going to be recording from Hawaii, so I'm bailing as well, but I'm not an elected

official, so it's okay.

Dude, the funniest picture was somebody posted this meme, and it goes, it's Ted Cruz, and

it just says, like, I didn't go to Cancun, but he's got his hair braided, like every

girl would go to Cancun.

I saw one that was a missing poster, like, have you seen me last seed crossing the border?

So we're back, and we've been talking big game about how acquisition is done.

That was both a busy time and a stressful time, and you were running a company that

was doing 10 things, and now you're able to focus more on the podcast, and we've been

talking a big game about this podcast is going to level up.

What do you want to tell the people?

What's the plan and how are we going to deliver?

Yeah.

So I'm working with Kieran, the guy that was on the podcast, shown him that you're going

to have to work with him together.

But basically, we're going to do a few things, but our goal, I think Sean needs to become

top 10 in the business category, which is like an official category.

I think 100,000 listens per episode will get us there.

So we need to do that.

And so there's a few things that HubSpot is going to do for us.

The first is that we are going to have a dedicated researcher.

So I'm going to just summarize going forward.

We're going to level up the podcast in a couple different ways.

We're trying to go top 10.

Sam says to get top 10, we've got to have 100,000 listeners per episode, which is kind

of a crazy number.

Yeah.

I think that's fair.

You know, 100,000 people listening every episode.

That's stadium, football stadium, more than a football stadium, which is like a good episode

of ours gets about a third of that.

Maybe what's like 34?

Are we at 40?

I don't know what it the I think we're at about 30 now.

So we got to like, we got to triple basically to get there, which we should be able to.

So then all right, how are we going to do it?

HubSpot's going to stop with some resources.

So we're having a researcher.

We're going to do recaps, summaries, clips that we're going to post on Instagram, Twitter,

YouTube.

So clips of different little segments we talk about.

We're going to have a dedicated email like recap that you can sign up for.

And then one other thing is we're going to try doing some live live shows where we go

live on Twitter spaces or clubhouse at the same time.

So I think that'll be pretty cool.

I'm writing that down because I forgot to write that down.

All right, let's get into some ideas.

Let's get back into it.

But first, did you see I became a meme this week?

Oh yeah.

What happened?

You started getting like, what I saw was the node coastline, who's like a big dog of Silicon

Valley, basically retweeting some guy who was retweeting your Twitter thread about what

you learned from your friend Andrew about investing.

But did you see that?

And some people were taking shots.

So the tweet reached about 2 million people.

And if you search, I was trapped like in the quotations, you'll see maybe 20 like people

saying I was trapped this weekend.

I was trapped in LA with Kim Kardashian and Kanye West.

Oh, is that what they're making fun of you for, because you said I was trapped with,

you know, these Silicon Valley people.

So there's tons of them.

Then there's another one says this weekend I was trapped in the ocean with a dolphin.

So if you go to my Twitter feed and I retweeted a few of them, some of them got like, like

thousands of times or maybe hundreds of times, but I think a couple or a thousand, and it

was interesting.

First of all, I want to say this, the whole I was trapped thing, it was kind of supposed

to be like a joke.

It was like, it's supposed to be like, it was like, I was teasing and I said the most

powerful person did something like that.

That's actually not wrong, I think, but like, I was obviously being like hyperbolic, like

as a joke.

I guess it wasn't obvious.

And second of all, people were angry at me and I'm like, guys, I didn't say any of this.

I'm just sharing one unique person's interesting perspective.

People are like, dude, this guy's Sam is like such a bro about the boys club.

I didn't say this.

I didn't say I agree or disagree.

I'm just saying this is like one person's opinion and it's really cool to share interesting

ideas.

So I got roasted pretty hard.

Yeah, you deserve it.

That's all good.

I got roasted as well.

This week, we just get roasted.

That's good.

What did you get roasted for?

I got roasted because of my opinion on the fucking bachelor, you know, last week when

I was talking about this stuff, I don't want to talk about it.

Yes.

I can't believe Sean said he agrees with everything this guy said.

I was like, look, maybe I didn't say that.

I don't know.

But I get back and listen.

Obviously, literally, I don't agree with every word that somebody says.

That's not my point.

I agreed with the point the guy was trying to make.

I tried to explain it.

But in general, I think it's good.

Like if somebody was asking me, they were like, hey, like, I've seen you've been growing

your audience a lot lately because like my Twitter kind of like exploded to over 100k.

And they were like, what do you think I'm doing wrong?

And I said, I looked at your feed and you say only reasonable, agreeable things.

And I don't think reasonable and agreeable people is very notable to follow or share.

And so I said, you got to take some risks.

Like it doesn't mean you have to be controversial, but you have to have some part of what you're

saying that people love.

And if you the way to test, do people love what I'm talking about is some people need

to be hating your style or the content or your opinion that you're talking about.

If there's nobody who's strongly disagreeing or really dislikes your style, then you haven't

really put forth anything that is new, unique or bold.

And so that's kind of like a back test.

So the goal is it go out there and get hated.

No.

The goal is put things forward in a like bold style and have like original opinions and

like say original things, say things that aren't just stuff that everybody already knows

and agrees with.

And the way you'll know you're doing that is periodically you're going to get a bunch

of people thinking you're an idiot or thinking you're a jerk or thinking you're too arrogant

or whatever it is.

Those are natural consequences.

We're both in the get roasted club.

So congrats to fellow members.

So today we're going to, we have three ideas we want to discuss.

The first one is NFT, which Sean actually talked about this maybe a month ago and I

thought it was so stupid and we've got some, a follow up that proves that you're actually

right.

And I wasn't the second one is this thing called inside car buying, which I would love

to start with.

And then followed by that following up, we're going to do this thing called coin market

cap.

But can we talk about the one that I suggested first because it might be quick, but I'm trying

to buy a car right now, nothing like crazy fancy, maybe like a pickup truck or something.

I don't know yet, but I found this site called inside car buying.com.

My friend, Neville told me about it.

And if you go to it, it looks very old school.

The blog has not been updated since 2015, but I did some research on it.

It has some good reviews and it has one of the most interesting value props I've actually

heard of in a long time.

And so I don't know if it's just this one person, but go ahead, Sean.

What do you see?

No, I just wanted you to explain it, like tell, give me the two sentences of what they

do for you.

So you pay $500 and it's a money back guarantee.

And what this guy does is I believe you tell him the type of car you want.

I don't know how specific like in color, but like, I imagine you tell him the year and

model and like any options or anything.

He scours the web, finds cars that met that criteria and then negotiates for you and says,

all right, this is the cheapest one.

And if he can't get you a good deal or you can't save at least the $400 or $500 that

you pay him, you get your money back.

And it's so fascinating that this exists because it's actually doesn't sound that challenging.

He's probably just going to like, has like a whole bunch of canned emails, but it's incredibly

interesting because this business model makes a ton of sense.

And I think of what all this can apply to cars is an interesting one.

And whenever I see something like this, this guy's site, I think, wow, this is amazing.

It looks like a sole proprietor.

So just one person, he's based on a white planes from New York.

And I'm like, if you go to this guy's website, it looks like it's from like 2008, like it's

really old.

What happens if you put a little lipstick on this package it a little bit differently?

I think it's incredibly fascinating.

This is the same par special finding these little niche things that are great bootstrapable

businesses that just make a lot of sense.

Okay.

So I like this idea a lot.

And I've also, when I went through the process of buying a car, I mean, you spend hours just

looking, researching, and then you have to like reach out.

You have to go check them out.

You have to negotiate.

So when do you do they negotiate before you've actually seen or like test drive of the vehicle

or after?

Do you?

I'm not sure yet.

I'm actually going to give them my money and sign up for this.

The reason I hadn't so far was it looks so old that I wasn't even sure it was still in

service, but I'm going to sign up for it and give it a test because he claims money back

guarantee.

I don't know if that's true, but we'll find out.

But it's $400.

This is a good shot.

I'm like, I'm on average, our average customer says $4,219, maybe bullshit, but I would believe

it because there is like with cars, there's actually quite a bit of wiggle room around

price, and it's about somebody who knows how to negotiate and is not going to get fatigued

by the process and just be like, oh, whatever I want to, I just want this process to be

done with.

And so if this person, if they actually cared about how much they saved you, I would actually

be even more excited that my problem with all brokers is that the broker's incentive

is to tell you they're going to, you know, they're going to treat you great.

And then they want you off their books as fast as possible.

So they want to match you with the thing you want to buy as fast as possible so they can

move up, they can get their commission and move on to the next client.

And so that's the only thing I don't like about this is this person's incentive is to

get you the first car that you're willing to buy rather than maybe the best car or negotiating

a bit further and things like that that are totally aligned with you.

Well, I'm not endorsing this particular brand, the service, but I think it's actually really

interesting because I've seen a few of these things pop up recently.

We're going to call them like, what's SAS stand for software as a service?

Yeah, this is not like NAS.

Negotiator as a service and I've seen a few of them.

I think our good friend Andrew started one.

I forget what they negotiated.

They negotiate.

But SAS tools, SAS tools, you're paying, you know, I don't know what the hustles paying,

but I would guess the hustles paying a quarter million dollars, maybe more in just software

licenses for different tools that you're using slack and zoom and whatever else.

And what they do is they say, okay, great, hand us your bill.

Like we just give us your monthly P and L and then we're going to go call a bunch of

people and we're going to save you money because we're going to go negotiate with these people

and it's called buyer.co.

I think that's a great idea.

I don't know how it's done.

We should ask Andrew next time he's on like, you know, and then there's a third one called

Main Street, which isn't exactly the same, but pretty, but a very similar premise, which

is they, you upload your QuickBooks or whatever you use and they find ways that you could

save money because the government gives like, let's say, and we actually did this manually

because my, um, this woman who works for me, he's good at this, but it was like, all right,

you could actually save 25% of your taxes because you have this many people on research

and development, or if you have someone in Canada, you can get a rebate here and Main

Street automates.

And I believe from what I've heard, I have no insider information other than rumors is

that they're crushing it.

They're doing really well.

They're doing extremely well and I regret passing on and investing in them now very

much.

All right.

So where else could you do NAS?

What is the other nasty businesses that we could do?

I have a car.

No, I think cars is, I don't think cars is being touched up right.

So you're saying you could do this better and you could do this and market it better.

Right?

I don't know how it would work, but I bet you if I spent a month researching it, I could

totally figure it out and figure out the opportunity and build something here.

So software is a good thing because we were a very small company, but we spent seven figures

probably on software.

A lot of people are doing it for, I think you could do it for, uh, what else?

You could do it.

I mean, I've been a lot, a lot of companies already do do this for what you owe in taxes.

So you kind of hear these scammy commercials on the radio of like, we help, we, we negotiate

for you with the IRS.

That's a huge business, but for some reason those are, I actually don't know if those

are scammy or not, but they certainly appear that way.

What else is there?

There's a few.

So I will say also a business that we've talked about before, do not pay falls into this category

where they basically say, Hey, you got a parking ticket.

We will just hand it over.

We will go and contest this.

We will, uh, we'll try to get you off the hook of this or we're going to negotiate it down.

So I think they do a good job of this.

There's some others that I think are interesting.

So one is venture investing.

When you go and you want to raise around most founders, what makes a great founder, somebody

who could build a great product, somebody who's great at selling customers, somebody who really

knows a certain niche market, just what they're not good at.

They're not good at this like fundraising dance.

And then they're going up against expert negotiators, which are venture capitalists who are seeing

hundreds of founders every, you know, every month and negotiating term sheets with them.

And so maybe there's an opportunity in the tech world to be able to just hand it over

and say, okay, cool.

I will do the pitch with you, right?

I will go in and I'll explain my business to you.

I'll tell you why it's so great.

I'll answer all your questions about the business.

But in terms of the round, talk to my agent, right?

Talk to, you know, inside fundraising and, uh, inside fundraising is going to do the actual

negotiation on terms, valuations and handle all 10 firms I'm talking to.

They'll all talk to that guy and then he'll come to me and basically say, Hey, here's

what I think the best thing is.

So I think you could do it there.

I think apartment searching or house searching is something you could do here where it's not

the same as like a listing agent or like a listing broker.

I think there's something else if you talked about, if you framed it as a negotiation service

specifically, and so you can say, cool, you're going to use a broker anyways to go house

hunting or go apartment hunting for where you want to rent.

But when you get there, you call me and I'm going to save you money and I'm going to basically

I'll make $500 a pop, but I'm going to save you $300 a month on your payments.

Another version of this could also be refinancing a house.

I refinanced my house and it was like the most painful, tedious process and I regretted

ever agreeing to do it.

Even though I knew I was going to save I think $600 a month.

I think there's like a refi, you know, a refi pal who could refinance your house, go through

the whole refinance process and shield you from like 89% of the bullshit.

And now you're only dealing with 11% of the leftover bullshit that only you could do.

And I have three more examples.

The first is for high paying jobs.

So I've hired, I don't know the exact number between 1500 people and I would actually say

I'm not, I'm a horrible negotiator.

I'm really bad at it, but I've noticed that the average person, there's a huge difference

between people who are good at it and people who are not good at it.

So I've had people take a lot of money from me and get a salary way higher than what I

was willing to pay because they were such good negotiators.

I think there's a, by the way, is my gain too high, Abreu?

I mean, if you want to turn it down just a little, but it's not, it's nothing horrible.

I've noticed a lot of people are really bad at negotiating jobs and I have a friend who's

an executive recruiter and he helps people negotiate higher end jobs, which that probably

pay half a million or more.

But I do think there's a world where you can get this for a $100,000 job.

You can turn a $100,000 job into $105,000 or $110,000.

I think that actually could exist.

The second one is I used to have this app that got shut down by the city of San Francisco,

but if you got a parking ticket, it would automatically fight it for you.

What was that called?

Do you remember that?

It was not pay.

That's what I was talking about.

No, it was before that.

It was even before that.

Oh, I know the one you were talking about.

Yeah.

It got shut down, right?

Like the city.

It was the most effective thing I'd ever seen.

Like it told me before I even knew if I was inside somewhere, like my house, it said,

boom, you just got a parking ticket.

We're fighting it for you.

And it was awesome.

And the city of San Francisco shut it down, but it was so good.

And then the third thing that I could bring to you about this, which I don't know what

I can say that incriminates me or not.

So I'm going to say I have a friend who got a speeding ticket recently and you know

how a lot of the court, like this was in Kansas, this person wasn't in Kansas anymore.

They were in Texas where they moved and they had to fight the ticket because they thought

that they it was unjust.

Like it wasn't really happening.

You know how a lot of these, so you got to go to court and a lot of times they're in

zoom.

You know that?

Yeah.

Now, now they're all in zoom.

Yeah.

Yeah.

Well, this person's sister is a lawyer and they were on speakerphone chatting with quote

me and telling quote me what to say while like they were listening and like it was awesome.

And it was fantastic.

So you have like a lawyer lawyer in your ear, like Secret Service style, you know, say this,

don't say that.

And granted, I didn't get away with it, but and I had to pay a $2 ticket.

It was nice having this lawyer in my ear side.

Right.

Yeah.

And so I think that that's interesting.

And I'm like, that should exist for negotiating a salary.

That's kind of intriguing thing.

So I think there's a lot of this, this whole category is actually really, really cool.

And the reason why it's cool is if you do a good job, it's a no brainer to pay you money.

Just like Main Street or just like a salary negotiator, it's like, I'm only taking what

I get you above what they offered you.

Right.

I'm only, I'm only taking from the savings of your parking ticket.

And so it's a very like non scary sort of a toothless pricing structure where the person

doesn't have to feel like they're going to overpay and not get something.

They only pay if you get it, incentives are aligned.

All right.

I like that.

This is a cool one.

And I think there's also something cool about it.

You know, if you do this on the internet, listen, if you are the best car negotiator,

you know, this guy's in New York, he's going to service clients.

You're in Texas.

He's going to service clients all across the country.

And you could become kind of like the domain authority of doing this.

And I think that's kind of cool as a solopreneur style business.

And we'll move on.

But as a reminder, it's inside car buying.com.

I have not connected to this person, my friend showed it to me.

I just thought it was nifty.

For all I know, this is a really common thing.

I don't know too much, but it's pretty neat.

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All right.

You want to move on to the NFT?

Yeah.

You said nifty.

So here we are.

NFTs.

All right.

So where do you want me to start with this?

Let's start where we are.

Well, let's give the background.

Sean brought up digital trading cards a month ago.

And both me and Jack, I think it was, and a few other people were like, Sean, this is

really stupid.

Like, what are you talking about?

Why would you ever do this?

There's a company called Top Shot, is what I was telling you guys about, I think, on

the podcast.

And now I want you to go to the following link.

I'm going to put it in here, cryptoslam.io.

I just want you to go to cryptoslam.io and tell me what you see.

Wow.

Oh, wow.

Okay.

Cryptoslam.io is a collectible rating by sales volumes and MBA Top Shot in the last 24 hours

has sold $45 million worth of stuff and is up in only 24 hours, 165%.

In the last 30 days, which is around the time that we discussed this, they've sold $164

million worth of the volume and they're up 1200%.

And it's been about 5,600 buyers.

5,600,000 buyers in the last 30 days.

It's yesterday or last 24 hours, 32,000 buyers is what it says, which is an insane number.

And I got to say, the numbers for Top Shot are so insane that I am personally a little

bit skeptical.

There might be something called wash trading going on where people are just buying and

selling back and forth between either them and their friends or them and a bot or a bunch

of bots to drive up the value of the portfolio to make it look like, oh, wow, there's a lot

of activity here.

And it's really just, you know, I'll pay you $10, you pay me back $10.

I'll pay you $10, you pay me back $10.

And that's a thing in crypto that has happened for a long time.

And I suspect it's what's going on here, but that's a conspiracy theory.

What everybody else sees is that NBA Top Shot, this idea that we were talking about that

I was like, hey, this is kind of interesting, but kind of weird.

And you guys are like, what the fuck is that?

That makes no sense.

$45 million last 24 hours of gross market GMV in the marketplace and they just raised

money at a $2 billion valuation.

So there's definitely some legit people that believe in this thing.

So I'm going to explain NFTs as best as I can.

I'm no expert, but I do my best here.

Okay.

So cryptocurrencies came out and people were like, wow, this is amazing.

There's like kind of like a digital, digital money, there's a little, little digital coin.

And for the most part, every coin is the same.

If I have Bitcoin and you have Bitcoin and we swap, they're all identical.

It's like dollar bills, right?

But what an NFT is, is NFT is more like beanie babies.

So an NFT stands for non fungible token, meaning one of them is not the same as the

other one, right?

Just like I was saying, Bitcoin is fungible.

They're all the same.

So does fungible means like bleeds it was, I mean, fungible means like one can be swapped

for the other.

And there's no difference.

Got it.

One Bitcoin is the same as all other Bitcoins in theory, right?

And non fungible means when I own this LeBron trading card or I own this LeBron video,

there may be only 200 of those and it'll be different than a different one of Steph Curry

doing the thing, right?

They're not the same.

They can't be swapped like all for each other.

So anyway, that's the NFT stands for.

So this started, you know, a while back with crypto kiddies.

Do you remember that?

Did you ever hear about crypto kiddies?

I heard about it at the dojo when I worked there because they loved it, but I didn't

know what it meant.

All right.

So actually I'll take it back.

I'll make it more approachable.

So there's been, you know, different types of collectibles, whether it's Pokemon cards,

baseball cards, beanie babies, there's a whole bunch of different collectibles out there,

coins, different shit like that.

And they have value because people enjoy collecting them.

And there's some rarity to them, right?

Like a Charizard is like the rare Pokemon card.

So it's more valuable than like a Squirtle, which is just like, you know, kind of the

common card.

And so all of a sudden a bunch of people give a shit about a thing.

And within that set of things, there's like a scarcity.

There's only a limited number of them.

So that makes some of the valuable.

And so you'll see Pokemon card sets going for like $40,000 nowadays or a LeBron James

rookie card of which there are only, I don't know, a thousand or 10,000 of them or whatever

will be sold for hundreds of thousands of dollars and the one that's in mint condition,

the most expensive one sold for $1.8 million, right?

So people spend a lot of money on these collectibles.

And you know, back in the day with beanie babies, there was like, I don't even know what

they're, you know, Princess the bear and clawed the crab and like whatever.

Beanie babies made these things and people started going nuts for them and started collecting

them.

And they were all of a sudden selling on eBay for thousands of dollars and it was sort

of a craze.

I didn't last forever, but some things last longer than others.

Which cards have lasted for a long time.

They still remain valuable.

Beanie babies, not so much.

That's what's going on now in the crypto world on Ethereum, which is the second biggest

cryptocurrency.

You can now create your own set of things like beanie babies.

So I can go and I can make up a set of things that I'll call beanie babies and I can make

it on using Ethereum and I can say, Hey guys, come buy it.

And that's what a bunch of people are doing.

And they're doing it with stuff like crypto kitties, which was the first big one.

They basically created a bunch of little animated cats and you could buy this cat for like initially

like a dollar and then the price went up to $10 and some were selling for thousands of

dollars and people were getting really excited.

And then the hype faded away and crypto kitties like went to zero.

According to your, this thing you just brought up crypto kitties in the last 30 days has

sold $730 million and stuff.

Last 24 hours crypto kitties, $61,000 of volume.

So not dead, but the same team that built crypto kitties, they're the ones who built

Top Shot.

So they basically pivoted the company to doing Top Shot.

What they did with Top Shot was they went partnered with the NBA and they were like, Hey, NBA,

we want to create, you know, you already make money on digital like trading cards, which

are sorry, just trading cards, which are like a piece of cardboard with, you know, just

a picture on it.

But like, Hey, with the internet, we can actually take LeBron James dunking.

We can take that highlight clip and we can turn it into like a collectible item.

That's just that clip, that highlight moment.

And so that's what Top Shot is.

It's a bunch of these little moments and you open up a pack and you'll get like five different

highlights.

And you're hoping to get like a really famous players highlight and like most of the time

you get like some average player doing some average thing, but nonetheless, that's what

people are collecting.

And so there's a whole bunch of these.

I'll show you one that I did.

Where do you show this off at?

So like, if you had a card collection, you would mostly hide it away, but everyone's

probably frame it or something.

Right.

What do you do it?

So with these, there's basically like digital displays.

So like on their website itself, you'll have a collection.

You can kind of share it.

It's like an Instagram account.

You basically share it and people can go browse your stuff.

What I did is yesterday I bought a $600 display that I'm putting on my wall behind me that

will rotate through all my digital art.

And that's by the way, that's one of the, what's that called?

So I bought this one called mural.

It's made by Netgear and all companies.

It's like, so this is one of the business opportunities.

There is so much volume going on in this NFT space that people will want to display it

on their desk, on their walls at home.

And there's no simple way to do it.

Like right now you could use kind of like a TV, but that's pretty clunky and it's like,

it's a TV.

It's kind of like overkill.

And then there's this other thing I want you to check out called infinite objects.

I need to get art for my house.

Should I just only, this is pretty neat.

It is pretty cool.

So I don't want to send a hundred grand though on a, on a LeBron dunk, but I would, so let

me explain slowly.

And I feel like I'm a little all over the place.

So let me explain a little bit slowly.

So I want you to go to this link that I'm going to send you right now.

This is the first NFT I ever bought.

It looks pretty sweet.

Tell me when you have it open.

It was a Kobe Bryant NFT made by this artist called BossLogic and I've been following this

guy BossLogic.

You've probably seen him because he makes a bunch of UFC art and Joe Rogan like reshares

his stuff all the time.

So he's this kind of just famous Instagram artist and like he would sell some posters

sometimes and he would get like some rich people would slide into his DMs to like commission

some artwork.

It's just like a neat, I guess a video is what it is, but it's yeah, it looks sick.

Yeah.

It's like a looping video.

So he created a piece of digital art, which is an animated picture of Kobe Bryant shooting

a fade away and he's kind of like fading away and becoming an angel because he passed

away.

Right.

So it's called forever mamba.

He goes to a website called Nifty Gateway.

Nifty Gateway is basically like eBay for all these collectives for like the crypto collectibles.

Right.

eBay made its name on crypto crypto because I just make scroll down.

I'll show you why.

So if you scroll down on that page, you're going to see at the bottom all this data market

stats.

Right.

It'll say that the average resell price of this item is $4,000 but how is there an average

resell if this is one of a kind?

I bought this and I sold it.

So I bought this for $824.

That was when it was released, all of them cost $824 and there was five minutes where

you could buy as many of these as you wanted.

So it dropped for five minutes, a bunch of us bought them.

So there were, I think 429 people bought this thing for $800.

So if you just look at the same piece of art, yeah.

So I got like number 200, somebody else got like number one, you know, that sort of thing.

So this guy did $400,000 worth of art sales in five minutes.

This artist and nifty gateway takes like a 15% cut.

So then now look at like click global history down there and then click only sales and go

to page.

So global history, only sales and go to page four and the second to the bottom one.

It says that curious goods bought forever mom, but number 236 from Sean Puri for $8,100.

So I basically, you went from 800 to 8,000 in 20 days.

I 10xed my money, I bought it for 800 bucks and I sold it for 8,000 bucks and I actually

sold too early.

Now these are selling for $15,000 currently $20,000 because a lot of people are really

into this and there's only 429 of them that will ever exist because that's how many were

initially minted when he dropped it.

Now anybody who sells it, we're selling not copies, we're selling the original.

I no longer own this, this other guy owns this.

I couldn't just rip this off and put this in my frame.

You can.

You can.

So you can look as good.

It would just be like, I would be a poser if you'd be a poser.

You would know just like if you go buy a Mona Lisa poster right now from, you know, Amazon,

that's not the Mona Lisa.

You'll know that's a picture of the Mona Lisa.

Dude, they're selling for 20,000.

Exactly.

So the one I sold, I think is on sale for $45,000 for now.

You pick your price as the owner of the art.

You can pick your price, whatever you want.

So yesterday, for example, there was another drop that me and Ben, we woke up early in

the morning and we went in and we, because we've seen these things when they dropped,

they're just like appreciating like crazy right now.

Right.

I 10xed my money in 20 days.

So I was like, all right, let's see, let me just take those winnings and let me parlay

in this.

Let me see if I can turn my initial $800 of capital into $100,000.

So I'll show you this other one that I bought yesterday.

I'm looking at all these.

Some of them are great.

Like there was this artist who was a former baseball player.

He became an artist named Micah Johnson.

He created this character called Aku and he makes this video.

I just sent you the link.

By the way, this is all owned by Gemini.

Is that the Winklevosses?

Yeah.

Actually, what's funny is the Winklevoss twins, they started Gemini, which is like Coinbase.

It's a place to go buy cryptocurrency.

You can go buy Bitcoin there.

And they bought Nifty Gateway from these other twins.

So the Winklevoss twins bought these other twins, the Cockfoster twins.

They made this little eBay for selling digital collectibles and they own it.

And now this thing is taking off.

Like I talked to Griffin, the founder, and he was sharing some of the stories about how

it started slow and then now it's just doubling like every month.

I'm looking at the traffic and it looks like in August, they had 11,000 people.

In October, they had, these are all estimates, 38,000, then 48,000, then 150,000 and now

close to 400,000.

Yeah.

I think they're doing 20 million in sales every month right now.

I believe they will get to, by the end of this year, I believe they will get to a hundred

million dollars in art sales per month.

I don't know what like Christie's and Sotheby's and those guys do.

I don't think this is that far behind.

And so what they're doing is they're going to pop, they find a popular artist.

Wow.

Well, I don't know how big they are.

This is not like just some super fringe thing anymore.

The forever Mamba one that you got is the best one.

Yeah.

It's sick.

But there's some other good ones.

Like I told you, Beeple, when he did his drop, he has really cool art.

He did $4 million of art sales, you know, on the, on his like five minute drop.

And then the cool thing is for the artists, every time I resell it, the artist gets a

cut of the resale too.

So this artist, the boss logic guy, yeah, he put his initial ones up for 800 bucks and

now they're selling for way more, but I think there's been $200 million of total sales and

resales of that piece of art.

Actually, that, that sounds high.

Maybe it's 20 million.

I think I got the number wrong, but he's getting a cut of all the resales too.

As an artist, you don't just get sort of like exploited by making something great and then

rich people start trading it with each other and making a bunch of money.

The artist always, because it's linked again, because it's all done on the blockchain, it's

all perfectly kept records.

There's no way to sell it kind of just for cash on your own and some art gallery with

five rich old white people.

This thing is all done in public on the internet.

Everything is recorded and because of that, there's a, you know, a perfect way to pay

royalties to the artist.

So can you have this?

Oh my God.

These, some of these are really neat.

Can you have this at your house in a frame and then just, you know what, I'm just going

to sell this right now.

Boom.

So, and then I'm going to buy another one and now it's uploaded into my frame.

Exactly.

That's exactly what I'm going to do.

I bought me and Ben frames and we're going to put them up next week and we've been collecting

these.

So in yesterday's drop, I bought five.

Each one was $1,000 in the drop.

I bought five of them.

And already each one of those is selling on average for $2,500.

So in one day, I could, you know, go sell it about the thing I bought for $1,000, I

could sell for $2,500 right now if I wanted to.

I think it might appreciate some more.

So I'm going to hold on to it.

I will say you ever sell any of them.

When I saw, Hey, the thing I bought for $800, I can get eight grand for that video right

now.

I sold it and I kind of had sellers remorse as soon as I sold it, but it's hard to say

no to 10 extra money in 20 days.

It's pretty good.

I know it's good, but what I'll say is NFTs let you do a lot of things.

One of which is this, but are you using the word NFT correctly with an MF, with like a

beanie baby being NFT?

Well, if a beanie baby was, was created or registered on the blockchain, then yes, it

would be.

Got it.

Okay.

So NFT only doesn't refer to a one off rear car.

It only refers to something that uses, it is a digital collectible.

It is a unique digital collectible.

Now you can have let's say 500 of these, but each one is like a serial number, right?

Like I owned number 206 out of 429.

So I owned that one and it 206 is unique.

It's not the same as 205 and it's not the same as 207, right?

They're all serial numbered basically.

Logan Paul, which I can't believe I'm quoting, but you know, he left his podcast and moved

to Puerto Rico to focus and he was like, I want to dedicate my next little bit of career

to NFTs.

Yeah.

So him and Gary Vee have like gone all in on this whole like Logan Paul, I love this

whole NFT thing because they've made a killing in like sports cards and Pokemon cards recently.

So they're like, Oh dude, this just makes money.

There's no like downsides to this, but Logan Paul did a NFT drop.

I think yesterday he did $3.5 million of sales of, I'll show you the thing he sold,

which is basically like just like a picture of him.

It's like a little card and you can go look this up.

So basically it was one Ethereum per thing.

So you bought it for one ether and this was his thing.

What's five link newsletters at yours?

Yeah, this is my new thing.

I'm going to, every Friday I'm going to send out a bunch of links.

I think are cool and one of the links this week is about Logan Paul's thing and the details

behind it.

So anyway, so he did a million dollars of sales in the first 30 minutes.

He ended up doing 3.5 million in the day.

And that's it.

That's how many there are.

And now whatever you can trade these.

Now, so let me be clear.

A lot of this stuff, it's going to do what cryptos Katie did.

It's going to go way up and then it's going to go crashing down because there may not

be people who want to collect these things, right?

And especially with NFTs, it's like, it's not even like Beanie Babies, but being able

to go create a toy with NFTs, it's like, I can literally go in Microsoft paint right

now.

I can create 40 files and then I can print them and I can basically tokenize them.

I can say, great.

Here's my rare art.

Right.

So there's like, there's going to be a lot of supply.

So I would say there's a very good chance that this is a hype bubble right now.

It is a very cool mechanism for artists to get paid.

That big of a hype bubble.

I mean, not that.

I mean, if Logan Paul did it, then yeah, it's probably close to mainstream, but it doesn't

seem that mainstream.

Yeah.

I don't think it's mainstream.

What I'm saying is like, I'm not saying that all this stuff is going to hold its value.

I think that right now this is like, just kind of a frenzy and everybody's piling in

and everybody's trying to make a buck.

I don't think most people want to like own the art and display the art.

I think a lot of people are just buying stuff to flip it.

At my home, we don't have any art and that's what we're doing now.

I would 100% invest 10 to $20,000 in the total of frames and cool shit like this that I

would pay.

So that's why I started with the art example.

Cause the art example is the least, it's the most familiar and it's the least hateable

art because you're like, wow, this is like, this is a real unique piece of art that somebody

did.

It looks beautiful.

I could put this up on my wall.

I've seen people buy art before that makes sense.

Now let me show you something else that's done with NFTs and you're going to tell me

like, can you name all, where's all the places people can go to buy this stuff?

So niftygateway.com.

What else?

Niftygateway.com is where the best art drops are happening and it's the easiest to use.

You can go buy it with a credit card.

You don't have to have like, you know, you don't have to have like a big crypto wallet

to be able to do it.

You can just go and be like, cool, put this on my visa.

I'm going to buy this thing.

So that's why niftygateway is smart and they're partnering only with like high profile artists.

So there's not a bunch of trash there.

But if you want the opposite, if you want like, what's everything, here's what's trying

to be eBay for the crypto world is open sea.

So go to opensea.io, like open like ocean, so open sea.

And this is where anybody can list any NFT.

There's no like kind of curation filter and you can just sell and resell anything here.

And so you'll go there and you're going to be like, this is like a little picture of

a plant.

This is like a picture of like, this is literally just like a pixelated image of a hamburger

and it's selling for $3.

And so this is just like, it's just like eBay.

There's just, this is everything.

If you want to buy it, you can buy it.

Look at the link I put into, put it in Slack.

Okay.

I'm pretty slack.

So this is, I don't understand.

They have like domain names too.

What?

This is so interesting.

I'm going to tell you a little bit more of a hateable one now and you tell me what you

think of this one.

So this is crypto punks, crypto punks, same idea as Beanie Babies.

They made a bunch of little characters and the character looks like a little eight bit

thing from an old school video game.

It's just like a head of a little video game character.

Oh my God.

And they're selling for 150K.

You know, there's like 10,000 of these.

So right now, crypto punk number two, zero, one, three just sold for $92,000.

Now when you see that, you're going to not feel the same way about, Oh yeah, like this,

I'll put this up on my wall in my house and I'll like, I can buy, pay for digital art.

I don't think you would go buy these crypto punk little collectible figurines anymore than

you would go buy a Funko doll for $700 on eBay right now.

You know what I mean?

You don't own any crypto by buying this, correct?

No, you actually spend crypto to buy one of these because they have, you pay, you pay

an Ethereum, you pay an Ether, right?

To go buy one of these things.

And so yesterday, somebody dropped half a million dollars on crypto punks in about a

30 minute time span.

And so a lot of people think it was Chimoth because he's talked about, he said, I'm building

a very big NFT portfolio right now, I'll reveal the details of it later.

You know, there's only so many whales who are going to go buy half a million dollars

of NFTs in like a 30 minute span.

And so some people think it's Chimoth, maybe it's some other random crypto millionaire or

a hundred millionaire or something like that.

But there are many, many different types of these.

So I'll give you another example.

Music.

There are artists that can just release a 10 second sound sample.

I think it was going to release a track on nifty gateway, I believe.

I hope I'm not breaking any news there, but there are artists who are going to release

songs or clips of songs as tokens that you can own.

So you can own that song or you can own that clip of that song.

They're going to release it as like a piece of art, basically, that you can go buy and

bid on.

So the opportunity obviously here is displaying all these things.

I think so.

So I'll tell you the three.

I mean, the other, the biggest opportunity is these marketplaces, but I believe if somebody

was to make a very cool, simple frame, that's like kind of marketed and branded towards

NFT collectors.

Right now there's so much money being splashed around here.

I think that you could sell $300 frames, $400 frames, and I think you could sell probably

five million of them in a month, $5 million of sales in a month right now easily because

of people need a way to display these.

How do I get this thing literally in the frame?

So there's two ways.

One is you download your, you right click this thing, you save video as, and then you

just like most of the frames can accept like a video file.

So you just upload it that way.

The frames are attached to Wi-Fi.

Yeah, the frames are internet and smart frame, right?

It's like a digital picture frame.

And so the other way to do it, the better way I think is if you're going to make this

and market it towards those people, you would just say, cool, link your Nifty Gateway account.

Just like log in.

And once you log in, cool, your whole collection is there.

What's your Ethereum wallet?

Just connect it and then boom, we'll display whatever you want here and there's this little

companion app that will let you do this.

Now check this out.

Our friend Ryan Hoover invested in this company called Infinite Objects.

Have you seen this before?

I dismissed all this.

I think it's cool.

I don't know if people are going to like this because, A, a bunch of this is visual.

And if you're listening to this, I'm not sure if you're going to get it.

And B, I think I'm talking a little bit fast and all over the place because I'm excited

and I think you get it pretty quickly.

But for a newcomer, I don't know if any of what I said is going to make sense.

So let me know.

You can tweet at me and be like, that made no sense.

Can you do it simpler?

But look at this site I just sent you.

So Infinite Objects.

At first glance, you're just like, oh, this is like, this is just one of those digital

picture frames, right?

It is and it is.

First, it's like kind of well designed.

It looks pretty slick.

It's like something like, I don't know, like Apple would make or something.

But the cool thing is it's an infinite object, meaning whatever you put inside, that's it

forever.

It is a forever looping video of whatever you put in there.

So I think these are great gifts, by the way, really cool gift for like Valentine's Day

or whatever, like to get somebody, Mother's Day, that sort of thing.

But it's a printed video.

So it can't change in the same way that like, you know, a poster can't change.

So they basically just imprint this video in and then it's sealed and then nobody can

ever change what's inside this.

So the first, just like that Harry Potter shit.

This is what it reminds me of.

Exactly.

It looks like a portrait that's like moving like in Harry Potter.

Exactly.

That's, I think that's like very much what they went for, like the magic of that.

The very first big drop that I was talking about, the biggest NFT drop, that one that

the artist Beeple did.

And by the way, this guy Beeple, some people were like, oh my God, this guy made like $4

million in one day doing an NFT drop.

This guy is a monster.

For eight years, he made a different digital art every day and he posted on Instagram and

they're all like amazing.

And he would do one a day, one a day, every single day for like eight or nine years.

And then he like cashed in all that like fan love through an NFT drop.

And that's, you know, he's the kind of highest selling artist on this thing.

His things are now going for hundreds of thousands of dollars.

And Christie's invited him to do a official, do like a traditional art show and sale.

And they're going to accept cryptocurrency for the buyers of the art when he does it

there.

But when he did his, he offered one of these with every buyer, which I thought was really

smart.

So he said, if you buy this thing for whatever $2,000, you will get the digital thing and

it'll be recorded on the blockchain, but I'm also going to send you an infinite object

with the piece of art in it.

So you'll have it in your house.

And I think that's where this all goes.

I think artists are just going to include a physical token with the digital thing you

bought.

I love this.

This is so cool.

You can take with infinite objects, which it looks like all their stuff is really small.

It is small.

Yeah.

This is like, it looks like a book size thing.

Like the thing you have behind you, the thing I have behind me, that's what I want.

And this also has a big problem, right?

So like, I think their product is slick, but this is a big problem because you can only

ever display one thing in this.

Once you do it, it's forever.

You can't use it to display your collection.

You'd need to, if you bought 30 pieces of digital art, you'd need to buy 30 of these

to display them.

And so I think that's the big flaw of this, that somebody can still do as an opportunity

in the NFT space is to actually make a frame that will rotate your latest buys and if you

sell something, it'll leave, you know, that sort of thing.

This guy, Darren Ravel, he's a kind of sports journalist type dude.

He tweeted this thing out.

He goes, look at these two images and tell me which one you would want.

On the left is a autograph signed, there's a trading card with Michael Jordan and Kobe

Bryant on it.

And it was signed by both guys, signed by Michael Jordan, signed by Kobe Bryant.

And on the right was that Kobe Bryant NFT that I showed you.

And he goes, both of these right now are selling for $20,000, which one would you rather buy?

And the Twitter reply is very interesting because if some people are like, are you crazy?

That's a dude.

I could just save that little image as my wallpaper right now and boom, I got it for

free.

And then other people are like, so what, that other thing is just a piece of cardboard with

some ink on it.

You know, like if you break it down, like believing in autographs, believing in trading

cards, like pieces of cardboard with, with somebody scribble on it, like why is that

valuable either? And it's all valuable because it's rare and it's all valuable because other

people believe it's valuable.

And so the big question is, but that's what money is and that's what all this is.

So the question people have right now is, all right, with this NFT thing, you know,

is this the next Bitcoin?

I kind of feel, well, this is what a lot of people feel.

It's like, shit, I kind of missed out on that Bitcoin thing.

Is this NFT that?

Should I just be piling into this?

Or is it more like ICOs three years ago where boom, everyone's doing ICOs, everybody's getting

rich crowdfunding through ICOs. And now ICOs are seen and people at that time were saying,

dude, this is like kind of a money grab.

These projects are not legit.

This thing is not worth that.

I'm just a frenzy right now.

My personal opinion is that NFTs are nowhere near as valuable as Bitcoin could be because

if you just look at the collectibles market, like trading card market, there might be like

the trading card market might be somewhere between $5 billion and $20 billion a year.

Bitcoin, which is like a financial asset, financial system, like things in the financial

system are worth trillions, like if Bitcoin's digital gold, gold's market cap is $10 trillion.

So they're just operating on different scales.

So I would definitely not think of NFTs as like the next Bitcoin.

I would think of it as a really cool way now for us to make things on the internet scarce

because you could just copy paste anything and I can just, I can send you a file and

then I have it and you have it.

Everything was super, super abundant.

So there was no way to have real scarcity on the internet.

Real digital stuff was like, could just be cloned and replicated infinitely.

Do you remember watching videos and it's like rare video of Eminem backstage talking to

Dr. Dre?

It's like, well, no, there's no such thing as rare on the internet.

Well, in that case, like, it might be rare because that's the, you usually don't see

Eminem backstage, but like, there's definitely any GIF, any picture, any video, any song,

you could just like infinitely share it and send it.

We can all have one for free.

Like there was no scarcity.

The internet was amazing because it made everything so abundant.

So everybody could have it.

But what you lose is then, what's the point of creating the art if it's just going to

get cloned everywhere and I don't get any piece of the action.

And so what I think is cool here is that crypto is kind of unlocked away for artists

to make things scarce that are digital.

And some of it's going to be bullshit in the sense of, yeah, it's scarce, but no one

cares about it.

So therefore it has no value.

But some things that people care about, now you have a way to make the valuable through

scarcity.

I think that's really cool.

All right, let's talk about this last thing.

I think that this episode is going to be good, but we'll talk about this last thing.

It is crypto related, but not in the same way.

So Sean brought up this thing that I actually looked into is pretty interesting, CoinMarketCap.

Is that or CoinMarketCap?

I'll tell you how this got put on my radar.

CoinMarketCap.

Sorry, not CoinMarketCap.

Somebody said this question.

I was going to quiz you with this, but I put it up here so you had a chance to research

it.

But I was going to say, hey, guess which website is bigger, CoinMarketCap.com or WallStreetJournal.com.

And like any rational person who's just like kind of from the outside, you would think

WallStreetJournal, of course, that's an institution that's been around for years.

Everybody knows about the WallStreetJournal.

What the hell is CoinMarketCap?

Well, it turns out CoinMarketCap gets more traffic every month than the WallStreetJournal.

And all CoinMarketCap has been around for seven years, it's been growing, it passed it up

years ago.

It was this guy in his apartment, and all he did was he just displayed some price information

about cryptocurrencies.

That's how it got popular.

And now it's turned into like a full-fledged thing where they like do journalism, they

write some articles about the latest news and whatnot.

But like fundamentally, it was just a display of kind of price information about crypto.

And it is amazing to me that this thing was getting 100 million monthly visitors when

the WallStreetJournal was only getting like 80, it had passed the WallStreetJournal.

That blew my mind and I had to know some more.

So that's how this got on my radar.

What did you think was cool about this?

So I looked it up.

It was started by this one guy named Brendan Chez, I think it is C-H-E-E-Z.

Started about seven years ago.

What's interesting is that he's, the story is always a good story, very secretive.

So I'm almost positive you can't find a picture of him.

I couldn't find anything.

I tried to find that motherfuckers picture, couldn't find it.

Yes, he's only done one or two interviews and it's always a stock like outline of a

black like head, like with a shadow on you.

And it's so powerful that he delisted the South Korean exchanges.

For some reason, I don't understand why.

I guess the story is that he delisted some South Korean, I'm not totally new.

So basically like the equivalent of something off his site.

Yeah.

Yeah.

He basically, it was like the coin base of South Korea.

He said, no, we're no longer going to deal with you anymore.

And by the way, delisting, it's not like they lost any power.

He just like stopped.

It's like, if the Wall Street Journal stopped talking about my company, that doesn't actually

hurt my company, but it did in this case.

And in this case, it wiped out $100 billion in market value of crypto asset market value.

So very powerful.

And I looked it on LinkedIn.

The company only has 36 employees.

And because of its secrecy, a lot of the employees actually look like legitimate, just like normal,

like tech worker employees, although there is a lot of secrecy about it.

So who knows what the truth is, but the company sold to Binance, Binance, Sean, is it Binance

like pretty much a coin based competitor?

It's coin based in Asia.

It's bigger, a little bit bigger than coin based, but it's the biggest exchange, which

is like, it's the biggest place to buy and sell cryptocurrencies in the world.

And Binance bought it for a rumored $400 million.

And there's potential that it was like five or 10 employees when they bought it.

And Binance bought it kind of for the similar reason they HubSpot bought us.

Not exactly the same, but similar, which is like, wow, you're sending a lot of traffic

to all these places at our competition.

What if we just owned you and they promise not to like completely ruin it?

But I do think they like promote themselves.

I don't know the reality.

There's a reason they bought it.

Let's put it that way.

Yeah.

So they can say, oh, you're going to check out the price of Bitcoin all day.

By the way, if you sign up right now for Binance, you can get a $50 car.

Don't buy Bitcoin here.

Yeah, that's all they want.

Come buy it here.

Don't buy it over there.

Crazy fascinating because this idea of just like, I'm sure it's this product is, it's

pretty slick.

And on the surface, it looks dead simple.

Like, oh, all he's doing is like pulling in data, like any dumb idiot can do this.

Dude, I remember this thing, like this looked so simple back in the, like now it looks like

a proper website.

It's got articles, it's got journalists, like it's well designed.

This thing started as just like a plain white and black display of a bunch of numbers.

And like, that's all it was.

And it was popular because it was the easiest, fastest way to go at a glance, see what was

going on in the crypto world with the price and the market caps and the change over time,

like change in last 24 hours and stuff like that.

So it's amazing.

This is a great example of why Combinator calls picks and shovels businesses, which is something

our friend Andrew Wilkins likes a lot, which is whenever there's a big gold rush, don't

try to be one of the people in the gold rush, go sell shovels to the people going trying

to, who want to go get gold.

And so examples of this would be, you know, Andrew's company, we commerce, which is basically,

okay, Shopify is getting big, e-commerce is getting big.

Don't try to be a big e-commerce site.

Sell tools to people who want to start their own, who want to go in the gold rush of e-commerce

and go try to build their stores.

And now we commerce is a public company worth like, I don't know, $800 million or something.

This is that same idea, which is instead of trying to become a crypto fund or buy a bunch

of Bitcoin or speculate on the price or do anything, they're like, we'll just report

like the price in the news, we'll just be like a display of information.

Like that picks in shovels business, like they, you know, sold $400 million.

I think it's kind of amazing.

This is wild.

I think that this episode is, I don't know if people are going to absolutely love this

or think that it was too, too much, but this is a fascinating thing.

I'm kind of amped up to be honest.

I'm leaving this amped up.

And by the way, that website told you about crypto slam or, you know, whatever, there's

all bunch of these now, DeFi Pulse, they're building the coin market cap.

They're trying to build the same thing, coin market cap for NFTs.

They're like, Oh, we'll display a bunch of like that thing I sent you that showed you

how much money top shot had made in the last 24 hours.

That's what coin market cap is, but they're just doing it specifically for NFTs and they're

trying to become the coin market for NFTs.

And I think you could take that same principle to really any space that's hot, right?

Like you could do it with crunch base or whatever did it with startup funding news.

Every time there's funding, cool, we're going to write it down here and it's a searchable

database of that.

And you can just do this in any, any industry where there's a lot of interest, you could

just become the like info display sites for that thing.

Chartable does this with podcasts, for example.

Not well.

What's this one you're sending me?

Chartable, you guys got to fix this.

What, what does that use?

I sent you a worldmeters.info and I think they blew up just because they showed the

daily count of coronavirus.

Yeah, I remember this.

So it was a kid, he might have been not even 20, he was a young kid and he did the same

exact chart, but for COVID cases and it blew up.

And I think the New York Times did an article about how he refused to sell it and he refused

to put advertising on it and they've estimated that he could be making four or five million

dollars a year off just display ads.

A brain who's just sent the traffic, it's 220 million visits this last month.

Oh, then he would have made way more.

This was like right when COVID started a year ago.

You could just sell masks on this one, one link to a mask.

Yeah.

And when I saw that, I was like, dude, make money off of it.

You're working hard.

Okay.

Like how are you going to keep doing this?

If you can't make any money, 200 million people come to your website a month.

How on earth do you afford, unless they're going to give you that, that's going to cost

you, surely that would cost 10s or six figures a month.

Maybe.

Yeah.

I don't know how much it costs.

Maybe it has ads on it.

This guy is making some good money and all it's doing, it's what you guys said.

He's just pulling data for corona cases in different countries and 200 million hits a

month.

Yeah.

Now I see, I turned off my ad block.

I see like square space ads all over it now.

So whatever that guy was saying where he wasn't going to do it at the bottom, you can

do it in a lending tree refinance calculator.

Well, this is good.

I think we should wrap up here.

This is pretty sick.

We're going to bring this heat hopefully every time and this is sick.

Well, thank you for listening.

Tell us the feedback on this.

I want to know what people want and if they dug it, all right, we're out of here.

Machine-generated transcript that may contain inaccuracies.