Otherside and the Rise of the Bored Apes

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 7 May 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, NEAR and FTX US. It’s only been a year since people were able to mint a bored looking ape NFT for about $200. But in that year, the company behind the Bored Ape Yacht Club has recruited celebrities, raised hundreds of millions of dollars, acquired the IP of other key NFTs, launched its own cryptocurrency, and most recently, sold plots of virtual land for its forthcoming metaverse. - Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now. - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Mario Tama/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.0	The breakdown is sponsored by nexo.io, near an FTX, and produced and distributed by CoinDesk.
0:22.7	What's going on, guys? It is Saturday, May 7th, and that means it's time for the weekly
0:28.2	recap. Before we get into that, a little housekeeping. There are two ways to listen to the breakdown.
0:35.4	You can listen on the CoinDesk Crypto Podcast Network feed,
0:38.8	which comes out in the afternoon, or the breakdown only feed, which comes out in the evening.
0:43.6	The CoinDesk feed has not only the breakdown, but also some other great shows.
0:48.1	Wherever you are listening to The Breakdown, if you're enjoying it, please go rate, review,
0:52.8	help other people discover the show.
0:55.4	Speaking of CoinDesk, if you haven't bought your tickets yet, I highly suggest you check out
1:01.3	CoinDesk's Consensus 2022, which this year is happening in Austin, Texas, between June 9th and
1:07.8	June 12th.
1:09.0	The event has voices and topics representing a huge cross-section of the crypto space.
1:13.6	You've got your ZZs and SBFs, but also Punk 6-529 and Kathy Wood.
1:19.5	It should be a really, really good time.
1:21.5	If you're interested, you can use Code Breakdown for 15% off your ticket.
1:26.4	Check out CoinDesk.com slash consensus 2020. And lastly, as always,
1:33.1	in addition to them being a sponsor of the show, I also work with FTX. All right. So for today's
1:38.7	weekly recap, we're actually just going to be talking about the other side NFT sale last week,
1:44.0	but really I think there's a
1:45.1	broader exploration here. If you listen to my interview with Vance Spencer yesterday, one of the
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