Episode Details

Markets finally woke up and the room tried to connect PayPal chatter to why the tape felt different. A long-running pattern of the late-morning sell-off stopping turns into a broader debate about whether the cycle rules still apply and what a real bottom signal looks like. Then the focus shifts to royalties, with Kodas and Otherdeeds moving to an ERC-C creator contract model and new listings showing a 5% creator royalty on OpenSea and Magic Eden. Call-ins push the argument into incentives and behavior, including how farming loops form, why Blur-style rewards warped floors and why OpenSea feels like the easiest farm right now. It closes with a quick sweep of stablecoin rails and platform moves, including Backpack teasing an equity-style token concept.

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