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NET Society is unraveling the latest in digital art, crypto, AI, and tech. Join us for fresh insights and bold perspectives as we tap into wild, thought-provoking conversations. By: Derek Edwards (glitch marfa / collab+currency), Chris Furlong (starholder, LAO + Flamingo DAO), and Aaaron Wright & Priyanka Desai (Tribute Labs)
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Speaker 1
Hey, everyone.
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Speaker 2
Live from Mark wood, Texas.
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Speaker 1
Yeehaw!
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Speaker 3
Look how it's cooler in person again, In person? What should we do next year? Guys, I think we were just saying Derek needs to build stadium seating, a glitch so we can do a live podcast in the room.
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Speaker 1
I already have it up. It's the time. Hydraulics. The floor open up and it just pops right out. So we just need to push a button and we can let it roll. You know, you guys are builders over there. A glitch because we went to the other side now and there's a massive bar back there and stuff like that.
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Speaker 1
You guys. I wouldn't be surprised if you put some in the stadium seating area. It does then that for some construction over the years. Now we just need more people to move the Martha. So this is the this is the net of that conversation.
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Speaker 3
You're so early that let's go.
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Speaker 1
We are we are so early. Saying we are so early doesn't even quite good sense.
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Speaker 2
Is Steve fully is leaving Oracle data center here.
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Speaker 1
There might be. Yeah. Yeah. And which is crazy that a pretty crazy doing stuff and not an hour but. Well I think we can get Steve to run for mayor then. Well, if that's what people ACL. Oh so Steve moves here. I just want to tell you on that. And he is joining the quiet life of Marfa year round.
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Speaker 1
Yeah. And Steve for those that may not know is the, co-founder of. Yeah of of glitch and Derek's business partner at Club World. So. Yeah. That's right.
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Speaker 2
Wait, so what do we want to talk about? What about, do I start with Marfa, or do we want to talk Flamingo five? Yeah. So in addition to it being the Marfa five year and AB 500, it's also a flamingo five year anniversary. It launched October 2020. And so we're almost exactly at the five year mark.
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Speaker 1
In the in the heart of Covid.
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Speaker 2
In the heart of Covid.
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Speaker 3
Were we all day zero Flamingo or Jonas, whenever you come in.
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Speaker 1
In the first tranche, folks, yeah. Felt like it was September or maybe October 1st is that's when I put my money in. Yeah.
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Speaker 3
We had no fucking clue what NFTs were, really. We thought we knew they were interesting. Yeah. We knew we wanted to, like, grab onto them and then. And the question mark, question mark, question mark.
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Speaker 1
And it took a couple months to to kind of figure out what, what to purchase. I remember before the first couple of meetings, I think maybe all of time, I remember pre we were like creating these categories and area and like assigning weights that were just like it was a first hand to like, where do we think value will be around like this new wrapper.
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Speaker 1
And I think we did a pretty good job. Like I think it was mostly weighted towards our.
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Speaker 2
Earning collectible.
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Speaker 1
Or it's like almost and we had commission, but a commission by recognition. But yeah, we have like, we had top sign sports cards collecting. We had digital lands and like metaverse stuff. I think on there. Yeah. So yeah. And I think the weights ended up being about right about. Right. Yeah, yeah. And then I think we commissions and stuff to start because.
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Speaker 2
There wasn't that much out there.
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Speaker 1
Yeah, there wasn't.
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Speaker 2
Outside of crypto ones which we are already like starting to now. Yeah. And that we are and.
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Speaker 3
There's more stuff than that. But. Superrare. Yeah. It was, it was a little a little strange. I mean, people don't with information. Flamingo don't really like to publicize the fact that the first thing bought was, Somnium says plot. Yeah. We got ourselves, some, some three dimensional metaverse action, and then, you know, it was like one of the early live projects that was going on, and we were trying to get our heads around it.
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Speaker 3
And in hindsight, it was doubly screwy because it was a Nate Alex project. Right? And he, yeah, it was like some further curveballs there.
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Speaker 1
But it was, squiggly. Yeah.
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Speaker 3
Which predated squiggle. And I actually think is kind of like a really important bridge between auto glyphs and art blocks in terms of, doing on chain generative and, you know, kind of keeping that tradition going. And people don't, don't know this group as much, but they're badass. I think we got a full set of them. I remember because it's five years ago.
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Speaker 3
Right. So my kids are like seven and whatnot. Being up in like Tarrytown during like Halloween, you know, the hard maze and all that shit. And like, you know, on discord with Kwik Right RV and like, how do you how do you think we buy this thing? And I'm like, what should we pay for it? So yeah, that was maybe our first foray into generative oracles.
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Speaker 3
Nate, Alex there.
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Speaker 1
Yeah, I think it was. And then you.
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Speaker 3
Know, it an.
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Speaker 2
Auto glyph or like.
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Speaker 1
No auto glyphs. We kind of dragged our feet on a bit. Yeah, we we picked up a bunch of punks early, and then I think Chris Chris was the auto glyph advocate, but they always were like a little expensive when the at the time compared, compared to everything else. So I think some.
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Speaker 3
People he kind of dragged us. You did, you did. It wasn't just me though. I had a crew with me there, a few others, a, in there. And what happened was the glyphs is we built the back end of the collection first, and then we got really complacent about one through five. Yeah. So we did this whole wave where we were like, you know, we should bring some NFT people in.
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Speaker 3
And so we reached out to folks like snow Jimmy. A few others want one.
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Speaker 2
Thing, Alex actually, too, but he. Yeah, they were too slow.
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Speaker 1
Is the problem.
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Speaker 3
With Nate, right? Was we were trying to trade for his, LeBron topshot to join. At the time, Top shot was going parabolic and, like, so we'd have a deal, and then I go crazy. Yeah. And I and ultimately like, we didn't we didn't bring Nate Alex in, but, we got a lot of our glyphs that way.
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Speaker 3
It was trading, memberships with glyphs.
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Speaker 2
Yeah.
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Speaker 1
Yeah, I think we got a 9 or 10 that way, which is wild. Those are. Those are good trades. With the benefit of hindsight.
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Speaker 3
It was a good trade for both of that. Yeah. It's decent until you have a win win. Right. Where no abundance games a flamingo.
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Speaker 1
I think I, I agree. I mean that's what I think makes more of a kind of special. It is an abundance game.
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Speaker 3
Yeah. Derek you're Grand Central here. How do you feel about this year's Marfa?
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Speaker 1
Yeah. I'm, I'm curious. The heels of a really fun event that we do at the gallery for, myself, my mother, who run the kind of the front of house, like, once we did this project about three years ago where every month for 12 straight months, we would feature an exhibition at the gallery and then over the internet, over a live cam, kind of with this big exhibition, I say.
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Speaker 1
And we would sell these digital posters for like $20. The goal is just to, like, have people who had $20, kind of buy into the ecosystem and after the 12th one, we, we cut it off. And that created what was called the full set. And for 150 bucks in total, you could you could have been a full set older.
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Speaker 1
And every year since we do this event or we we bring them all to the gallery, we have a full range. We have about 70 people there today. That's pretty amazing. Awesome. I actually had to bring one more seating, and we do all sorts of fun giveaways and gifts throughout the year. I had stuff Rob speak this morning and I was like, speak with this morning.
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Speaker 1
Yeah, I was just reflecting like, there's still so much energy around this culture in this community. And it's it's fun. It's a final recharge to kind of come out here and put on these events and see everyone. And, you know, in terms of brand numbers, I think there's 6 or 700 people this year, which is again, another growth year for the for our parks, weekend.
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Speaker 1
I think this is the fourth or fifth straight year of growth. So I just yeah, it's it's fun. Like we're going to rain or shine or whatever youth is trading up. You know, it's it is really, really great. Yeah. It's more fun to see all the energy here continue to grow, which is great. And you guys are probably nurses, but there's all sorts of satellite stuff happening and there's shows and buildings all across Marfa.
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Speaker 1
So as someone who just loves popping into things, it's just been really, really fun just to see what artists are showing work and what people are doing. And then, gets to to see people that I know chat that's on Telegram and Discord and Twitter, in real life, which is, which is great. But I think what we all keep coming back here year after year, the best way I can describe it, is by calling it my Burning Man.
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Speaker 3
Essentially.
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Speaker 1
Like, you know, we're all in the five year club here. And it's not Burning Man. But it is. You really have to invest your time and effort to get out into the desert to enjoy those vibes. And like you said, Derek, it's kind of growing every year. And there's more and more satellite events and there's more and more artists who are coming in.
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Speaker 1
And it's it's not just the generative crowd here. Yeah, right. It's all kinds of of creative, you know, collectors and producers of all kinds of really interesting thing. Physicals are here. You know, all kinds of great art. So it's really a great experience. I like that, but tensor art project, that was, Yeah. Register.
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Speaker 3
Oh, that was super, super good.
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Speaker 1
Yeah. Yeah. It was yeah. Some history there is, actually filming as an investor, you guys ended up joining me where I love the Pre-seed, but there's this company called 4 or 4, which is subbing at 17 on the tensor. And it is they use crowdsource intelligence and models, sort of open source models to allow anybody to walk up to their API prior to the platform to be able to, to prompt anything.
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Speaker 1
Three miners compete to perform to. That's in terms of the output that they suggest. And, you know, last year, that sensor, you know, push EDM live and started allow for people to build on top of the the tensor network. On the air. Yeah. But I thought it'd be really cool if we could find some folks who are an experiment to make NFTs.
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Speaker 1
Naturally, using some of the subnet outputs that were coming out from underneath and so, to a product that we read called dorm, that we found these really smart kids who were who are, you know, knew solidity, understood the constraints a bit tensor. They work closely with subnet 17 four four to create a system where, they could essentially take these outputs, you know, run an algorithm on top of them and allow them to be minted procedurally on top of the EVM of a tensor.
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Speaker 1
And, it worked as the first bit tensor empty. It's generative. It's in the spirit of, and the the way it works, there's like, seems like there's like a device and it can track like hand or face or other EVP.
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Speaker 3
Yeah. Just learned tap on and then it.
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Speaker 1
Turns it into these three dimensional objects that are all these points that kind of stitched together. Yeah. But it kind of, I think pushed into what are may look like. And you know what we're kind of edging towards. Yeah. And you could kind of see it because the folks that put it together there, you know, 19, 20, 21, their kids.
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Speaker 1
Yeah, it was just really sharp kids. But yeah, you can tell like this is going to be the world that they built or. Yeah. Or part of the world that they build.
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Speaker 3
More and more it I can see like the design language of the future and it's three.js Z it's spatial like spatial environment just infused with, AI agents. Yeah. That was, that was absolutely wild to see because I've seen, you know, some of the code engineers, I've seen people playing around with that, that sort of gestural tooling.
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Speaker 3
I didn't know what it was. And then I was like, no less. And I'm like, what is this thing? These, like, immediate like. And I was like, how do you get it in there? He's like, I'd watching YouTubes and then cursor and I was like, can I jam that invite thing tomorrow? You know, that I'm.
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Speaker 1
Able to I think that's amazing. It's these kids are so made of of figuring out shit and using cursor and using kind of like public tools to figure things out at the rate at which the experimentation is happening for a younger generation slows everything that yeah, yeah it's amazing. Yeah. So and they have like no pre tenses or conditions related to using the tool.
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Speaker 1
So they're yelling in kind of fresh. And they're seeing things with fresh eyes. And they're using them in ways that were not intended originally. Yeah. Like that's how cool shit gets built. Yeah I mean I and I think, I think that just probably across the board a little bit, what's happening. People are like burying their heads in the sand about how you do stuff and how you build a program.
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Speaker 1
And has that just changing rapidly. Yeah, yeah. Pushing us all into apps obsolescence.
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Speaker 3
No, man, we're getting we're getting on board. We're we're driving that train. We may be driving it. I don't know if everybody else is driving yet. It doesn't matter. That's our job is to be out front. Right. Like the most useful use of our time right now is to, like, find new terrain.
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Speaker 2
Yeah, yeah. We're not generative art us. Oh, we're here, but we are.
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Speaker 3
But that's like. That's our former selves, right? Like we can exist in many different iterations. And so we're gender violence right here doing like a five year fat in the back over also. But it didn't way that all out there. There's nothing wrong with being.
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Speaker 1
A little uncle.
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Speaker 2
On this OG.
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Speaker 1
Yeah it can be. Yeah.
00;12;55;07 - 00;12;57;24
Speaker 3
All right. I got to tell you I'm just going to say Aaron's are sexy.
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Speaker 3
Yeah, well, I know what I think I want to be. I was telling Derek this last night, my new goal, the new aspiration is to be the Steven Spielberg of schlock.
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Speaker 1
Yeah, I know, yeah, I like to see the slobber.
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Speaker 3
Steven. Slobber. You heard it here, folks. So good. Yeah.
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Speaker 1
So what's your first, feature? What? Your first feature film? Yeah.
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Speaker 3
Hyper real hospitality. If, this one.
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Speaker 1
I did a big show coming up.
00;13;24;20 - 00;13;44;19
Speaker 3
Yeah. We do. I mean, the show have come and gone, but, you know, by the time this airs. And so what's encouraging is people are reading the book right now, and I'm hearing really good things. I think we read it over the summer print. Nice thing to say. It's really good. But like, fungible is, like, halfway in their book is like, turn into like my, like, Twitter community manager.
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Speaker 3
Unofficially, he's making, slug haulers. Ugly slob from my my casting world of star welder. There's this whole thing called slug haulers that like, in theory, they move data around, but they the models have been turning him into, like, Pixar themed, like slugs, like just carrying giant shit around and, like, they're all over that stuff. And so, like, yeah, there's some cool energy going around with the book, but, the book was really, you know, we had project out until like 20, 43.
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Speaker 3
You know, it's my idea of like taking the armor on and seeing what it plays out. Once we start getting into a post work environment and, you know, people search for meaning. And I really wanted to sort of transport like, the experience. A lot of us have had in crypto, where it's like everyday people who get exposed to front tier technology and all of a sudden they have to make all these decisions that they're not necessarily equipped to make.
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Speaker 3
And, you know, kind of level up and, and, you know, kind of find out who they are being in these really crazy environments. And so that's that's kind of the general sweep of the book. Yeah. It's a big ideas book. It's kind of like a bit of like a slow burn hero's journey of discovery. And, you know, it's really just like how how do we adapt to these changing world where systems have more and more impact and force on us?
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Speaker 3
And how do we, you know, how are we able to hold on to what makes us human and what gives us meaning and community and stuff like that?
00;15;07;28 - 00;15;29;15
Speaker 2
Yeah, I mean, the vision that you paint of the future, though I didn't feel entirely inaccurate to me. Like you, there are elements of like speculation and but in crypto there's elements of, you know, virtual world elements of even spatial computing, how it ties into, like, their real life and this like analog world, like it's so realistic actually.
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Speaker 3
And that thank you. I mean, that's what I was going for. I'm sick of dystopias. I'm sick, you know, sick of doom and gloom. I wanted to just like, have a realistic version of if we just keep running like this, you know, what does that actually look like? Yeah. So that's cool. And I'm excited that you got the bar in there and the projectors aimed at the bar.
00;15;47;25 - 00;15;53;26
Speaker 3
And other side is I'm going to post up behind the bar, I'm going to do my talk. I'm going to do like my whole thing on the border.
00;15;53;28 - 00;16;15;05
Speaker 1
I think it's going to be awesome. I think people I really love it. And, you know, I think Chris, with your, your, your you've got so many skills. I think one of them has always been like rallying people around these new visions that are quite, you know, codified in the people's brains out. And I think we have a whole universe to play with here that I'm excited to see people grab from grapple with.
00;16;15;07 - 00;16;18;18
Speaker 1
You better. You got kind of a fun design space to play around with.
00;16;18;23 - 00;16;28;06
Speaker 3
I punched a hole in the sky. Dude, I really feel like I have punched a hole in this guy and look through it. And there's there's exciting shit to go go after.
00;16;28;09 - 00;16;38;13
Speaker 1
Awesome. Yeah. I mean, the the design space is infinite now, which is. Yes. Which is, I think in part why, you know, people don't know what to do. It's like almost to last to know where to start.
00;16;38;13 - 00;17;01;17
Speaker 3
Not only is it infinite, but it's intelligent. Yeah, right. It's that combination. And so I do think like people are going to have to do a big leveling up in terms of like what the possibility space is. And that's great. Right. And you know, I think some of us old heads will get there. But then you know, get 19 year olds who don't know any difference, you know, and they're going to rip and run with this stuff and like, let's get it.
00;17;01;18 - 00;17;17;27
Speaker 3
Let's move past social media, let's have social worlds. Let's have social compute. Right. Let's have like all sorts of like new canvases and experiences and let's find new terrain. And I'll get out there and claim it so that we can get past, like Larry Ellison own and everything.
00;17;17;29 - 00;17;19;17
Speaker 1
That's Herbert coded.
00;17;19;20 - 00;17;21;18
Speaker 2
Yeah. We love Herbert here.
00;17;21;24 - 00;17;29;23
Speaker 3
Yeah, well, I love all right. We can call it like the Frodo. The Godfather, the stuff. You know, I'm all for and out for them and we'll we'll blaze you trails.
00;17;29;25 - 00;17;32;22
Speaker 1
Don't give up on Herbert. We'll we'll be there. Herbert.
00;17;32;27 - 00;17;35;02
Speaker 2
Darvin is not going is back.
00;17;35;04 - 00;17;39;23
Speaker 3
Yeah, but. Yeah, I don't want you to go down there, all right?
00;17;39;26 - 00;17;43;20
Speaker 2
Actually, A16z invest about, like, a couple world or something.
00;17;43;21 - 00;17;44;25
Speaker 3
Yeah, I.
00;17;44;28 - 00;17;45;11
Speaker 1
Did that.
00;17;45;18 - 00;17;46;02
Speaker 3
Back.
00;17;46;05 - 00;17;47;18
Speaker 2
Earlier this year.
00;17;47;21 - 00;17;54;08
Speaker 1
Slow grind. Worse than the best of what could.
00;17;54;10 - 00;18;20;09
Speaker 2
Actually currency like allowing to tie it back into Flamingo in a pink five years like early Flamingo. Before it started, it was like people in the wild talking about NFTs. I remember Chris Aaron, you guys were really into the super, I think super, the second investment in the Lao, which was what, March or April 2020. And so that's when like the NFT conversation started picking up more, I would say like half of the law was not interested in this category at all.
00;18;20;09 - 00;18;37;13
Speaker 2
But then we kind of pushed forward, and it wasn't until, like some of the price action that summer where there was a conversation within the law that was like, hey, should allow be buying NFTs. Like we're seeing a little bit of price action. By price action. I mean, like I think there was like POC going for 50 and then someone bought it for 150.
00;18;37;13 - 00;18;50;21
Speaker 2
It wasn't crazy price action, but at the time it was like A3X. So it felt like something was happening. And then that kind of initially, I think that's kind of what led to I told Ringo starting yes, that the layout was not well suited to buy it. So then we're like, hey, we need to do you.
00;18;50;22 - 00;19;04;19
Speaker 3
Had Superrare we did have a gachi other. And then and he got through was tokens. Right? So that was still like it really. No, it's still DeFi enough for the level. But then we were like, oh wow, there's this whole other world here. And like, I don't think this is their idea, right?
00;19;04;19 - 00;19;25;19
Speaker 1
I actually remember you, Chris, saying, because a lot of the conversation obviously happened on on Twitter or then Twitter. Now X, you're like, this is a completely different group of people that are interested in this. And I remember talking to the teams when they were looking for capital to fundraise. And a lot of the crypto projects at the time couldn't can raise capital.
00;19;25;22 - 00;19;49;13
Speaker 1
And so the Lao and some other vehicles were doing that. There was just demand, right? Like you could just see that they were doing pretty well. Like people were coming onto the platform using more and more of whatever they were building. And that was super cool. But I think it was it always has been like a little bit of a different community than what you see from like d gen traders or infrastructure folks or the SSC folks.
00;19;49;13 - 00;19;52;16
Speaker 1
Like there's different little tribes in, in crypto.
00;19;52;18 - 00;20;09;02
Speaker 3
Yeah. You know, who else we need a shout out for in this moment in time was, Jordan Lyle, right? Yeah. And when m meme was kind of was my introduction to the world of NFTs, I remember, like, in the summer, being out at Little League with my kid, you know, and just being, like, on my phone, be like, what the hell is this?
00;20;09;02 - 00;20;25;18
Speaker 3
And, like, buying these, like, metallic cards or, like, whatever. Crazy. Yeah, yeah. And you know, I think Jordan's probably one of the five timers or 80s down here this year. And we were chatting with at lunch about it like he, he played a big part in kind of getting that space going that in the summer of 20.
00;20;25;21 - 00;20;49;18
Speaker 1
Yeah. And so Jordan was at consensus at the time and, and before he did a bunch of earlier internet projects like consumer consumer internet projects, and he was playing around with multi token models and like a whole bunch of other things with meme. And I think we're still kind of edging our way towards that. You know, I think with like token works now we're seeing kind of, multi liquid tokens with NFT projects kind of coming back.
00;20;49;18 - 00;20;51;19
Speaker 1
So I think he was a bit ahead of his time.
00;20;51;21 - 00;21;01;08
Speaker 2
I think that the, the alien purchase, because that was like the most expensive NFT purchase of all time at that moment. Yeah, that was like a big turning period completely.
00;21;01;08 - 00;21;05;07
Speaker 1
And Akira, who's not on the call, he was one of the big advocates for it, I remember.
00;21;05;11 - 00;21;32;23
Speaker 3
Yeah. And, that was a while chat, man, that that Saturday we bought that thing. Oh my God. That was like at the time, right? Flamingo. It was buying so many punks and it had so much of our treasury already committed. And then we hadn't quite figured out. Right. Like we got to move huge amounts out of the to be a voting and to real cash strapped and but that Adrian came on market and and so maybe we've had enough or half of it.
00;21;32;23 - 00;21;54;18
Speaker 3
And then like a group of us kinda was like should we chip in the rest of it? And it was like Eve Cove. It was pouring rehearsed. Yeah. Pouring rain. And like, it was a killer. Snow fro myself, Greg, a few other people, you know, we just. We went for it, man. Well, I remember after that, I was like.
00;21;54;18 - 00;21;57;20
Speaker 1
Oh, pretty. We should reach out to CoinDesk. They may think that this.
00;21;57;20 - 00;21;58;20
Speaker 2
Is like a no. They reached out.
00;21;58;20 - 00;22;04;20
Speaker 1
A notable story. Or did they reach out to us? Yeah, I remember something happened. Like we were like.
00;22;04;24 - 00;22;05;13
Speaker 3
You know, is this.
00;22;05;13 - 00;22;09;05
Speaker 1
Notable? And then there was a CoinDesk article and it kind of just like flew after that.
00;22;09;12 - 00;22;26;20
Speaker 3
Yeah. And then people did the every day. Yep. And then more and more people started buying points. That was like, gee, money's robes and a mask. It's moment. Yeah. Got hit with the lightning bolts, you know, by this famous April, maybe a week or two after that and joined up and Flamingo and it just kind of rolled from there.
00;22;26;20 - 00;22;29;19
Speaker 2
Oh, Flamingo closed that week.
00;22;29;22 - 00;22;37;03
Speaker 3
Oh, yeah. Okay. So we were. Yeah, it was filling. It was filling and and then. Yeah. Like that put us on the back.
00;22;37;09 - 00;22;44;18
Speaker 2
Yeah I think that was like a, I mean that was the most expensive purchase at the time. I think it was like what, 740 K in USD.
00;22;44;19 - 00;22;47;15
Speaker 3
No, 650. Is that sound right. Yeah.
00;22;47;15 - 00;22;50;28
Speaker 2
I remember like it being like seven ish thousand USD.
00;22;50;28 - 00;22;57;07
Speaker 1
Yeah. It was around that it was around like 1015 hundred. Yeah. At that time. Yeah.
00;22;57;07 - 00;22;58;10
Speaker 3
And I mean, people.
00;22;58;10 - 00;22;59;16
Speaker 1
Was a big driver.
00;22;59;16 - 00;22;59;29
Speaker 3
I mean.
00;23;01;08 - 00;23;03;02
Speaker 1
Nifty Gateway was that were it was.
00;23;03;05 - 00;23;05;04
Speaker 2
That was in December. Yeah. December.
00;23;05;08 - 00;23;16;05
Speaker 3
Like, you know, politics is bullshit was still in the election cycle. Yeah. Right. And so that was that was a big one. And then so it was December, all the auctions, that, medical event.
00;23;16;07 - 00;23;19;27
Speaker 2
Yeah. That was no, no, no. Yeah. Yes. That was.
00;23;19;27 - 00;23;26;24
Speaker 1
Yeah. I remember because I on behalf of Flamingo, was putting in the bets and we lost every single one somatic over.
00;23;26;27 - 00;23;42;03
Speaker 3
Yeah. And that was just like, I was bummed out how we were all coordinated in real time. Dude, I was out at. I was at it, like, for talking with my kids out on, like, the looking at, like the frogs, the bridge, like chatting on discord to you guys. And we're like, where the hell are all these bids coming from?
00;23;42;03 - 00;23;56;07
Speaker 3
Because he he masks them, right? And you couldn't tell in real time what was going on. But he named them all after the seven hills of Rome. I didn't know that. Yeah, yeah. If you ever go back and look in the history, it's like the Aventine and like the reason of that. Yeah.
00;23;56;07 - 00;23;58;25
Speaker 1
I just remember losing every bed.
00;23;58;28 - 00;24;13;02
Speaker 3
Yeah, well, we learned like we're not we're not high stakes option people now, like, I think like fucking John Lennon's kid, like Lewis out of the water in one auction. And it was like, yeah, hell is going on here. And like, Sean Lennon's like swooping in us.
00;24;13;04 - 00;24;28;19
Speaker 1
I mean, that's been an underlying thread for Flamingo, I think, over the years, is that we're value investors. You know, we're, we get in early, we, we choose our strategies, and then we go pretty deep on them. Yeah. Until they don't find us at the high end Christie's auctions. Yeah.
00;24;28;19 - 00;24;32;13
Speaker 3
You're saying we're the Warren Buffett of NFTs to be more unfiltered?
00;24;32;25 - 00;24;36;14
Speaker 1
Yes. Except we're not in cash right now.
00;24;36;16 - 00;24;42;26
Speaker 1
All right, so what are folks, favorite, Marfa memories of the last five years? That's a good question.
00;24;42;29 - 00;25;03;02
Speaker 3
We were talking about the year we all got the house together that first year. Like 12 of us in there with, like, JDC. This whole crew, right? Yeah. See, like, that was really magical. That was one of those, like, memories I have with, like, you know, it was like a few, you know, big group house trips in my life that, like, really the right people, the right moment.
00;25;03;02 - 00;25;06;05
Speaker 3
And that first year was one of them for sure. Yeah.
00;25;06;06 - 00;25;12;13
Speaker 1
And you heard the first Sally on the other person was. That's right. I think that's probably why I was so special.
00;25;12;15 - 00;25;14;19
Speaker 3
I remember I rode out with you, right?
00;25;14;19 - 00;25;27;08
Speaker 1
Yeah. You did. You wrote I was getting and yeah, I, I agree that house was a lot of fun. I feel like it was that experience that probably triggered you and Steve to really like. And what we all talked about a foot out. Remember bang.
00;25;27;08 - 00;25;30;07
Speaker 3
Your. And by that I was. Yeah. Well the the.
00;25;30;07 - 00;25;46;01
Speaker 1
Thing is like I jump right into real estate right after that threat. Yeah. And I thinking brought up marfa that a couple times on Flamingo. Yeah. The issue was we couldn't it was always going to be boots on the ground. It was there is always going to be boots on the ground. A half of the doubt. And that was the trouble.
00;25;46;01 - 00;26;10;20
Speaker 1
And then yeah, I realized for it, I remember sidebar, I was to say, let's just do this. I saw a smartphone. Yeah. And so we just make. Yeah, our ourselves. But it kind of I mean, they're so open to a market out. It's that's, that's the interesting the put that, that first year snow Farrow had a gift bag that they were giving away for all the people who journeyed out here, that pressures brought probably 200 people or so.
00;26;10;20 - 00;26;29;14
Speaker 1
I think it came out that first time. And they gave away three squiggles in that gift. Right. And my daughter got one of those squiggles. She came out with me. You staying in the house with us? And she luckily drew the magical bag. That's she still has her squiggle. That's that's no game over. That time. That was such a magical time.
00;26;29;19 - 00;26;30;23
Speaker 1
Yeah. That was. Yeah.
00;26;30;25 - 00;26;43;06
Speaker 2
And then, like, there was no side events or anything. So everyone was just like, all right, like we went to the airport house like, wants to come over to our house. And we just had like an outdoor barbecue and fire and like, whoever wanted to carry that come. It was kind of the super jail.
00;26;43;06 - 00;26;43;20
Speaker 1
Okay.
00;26;43;21 - 00;26;44;13
Speaker 2
Yeah.
00;26;44;15 - 00;26;50;12
Speaker 3
And so then was the second year when Kevin Rowe showed up. This first year, I think it's great for us, you know.
00;26;50;12 - 00;26;58;03
Speaker 1
Using the first one of us got on the Cairo Express, the last guilty as charged. Yes. And.
00;26;58;17 - 00;27;02;21
Speaker 3
I remember and out of our spirits, like, we get that toy.
00;27;02;27 - 00;27;04;07
Speaker 1
It was pre open, right. It wasn't.
00;27;04;08 - 00;27;05;14
Speaker 3
Open. Yeah. Oh, okay.
00;27;05;15 - 00;27;06;24
Speaker 1
It's opening that weekend.
00;27;06;27 - 00;27;11;02
Speaker 2
Yeah. Yeah. It was there in that weekend and it's not a weekend. The first one. Yeah.
00;27;11;05 - 00;27;27;25
Speaker 3
Oh my God. That generally weekend was magical. You walk in there and they had the band playing with the fiddle and like the whole town was getting there. It really felt like sort of like, being in Fandango or one of those, like West Texas homecoming scenes or. Yeah, it's an early weekend. That was. Yeah, it was it's really special.
00;27;27;27 - 00;27;31;18
Speaker 3
A lot of things lined up there. Yeah. What happened the second year it.
00;27;31;18 - 00;27;34;01
Speaker 1
Was cold as F the second it was there. It was.
00;27;34;01 - 00;27;35;15
Speaker 3
Ellis. I thought that was the third.
00;27;35;18 - 00;27;39;07
Speaker 1
Was that the third year when we all froze our butts off for the journey?
00;27;39;07 - 00;27;41;27
Speaker 3
Z oh, that was so goddamn cold.
00;27;41;27 - 00;27;46;20
Speaker 1
Yes. Oh my God, was that. I thought that was the second year. That's what I was thinking.
00;27;46;20 - 00;27;48;17
Speaker 3
But when I made it was I'm not good.
00;27;48;17 - 00;27;53;00
Speaker 1
Yeah. No, it was the second year because my wife came out the third year. Yeah. And that was. Yeah. Yeah, yeah.
00;27;53;18 - 00;28;00;29
Speaker 3
So that second year the city hadn't gotten cold yet. I had to literally go out and buy a winter jacket that come down the bar. But yeah, it's freezing.
00;28;01;06 - 00;28;03;22
Speaker 1
That was a, and then outdoor.
00;28;03;22 - 00;28;04;19
Speaker 3
Food out there.
00;28;04;26 - 00;28;08;19
Speaker 1
We were. Can we need it? Nice. So cold on your burger.
00;28;08;21 - 00;28;11;14
Speaker 2
Jimmy. It says coming, though, was kind of crazy. You think about it.
00;28;11;14 - 00;28;17;08
Speaker 3
And it's like, hey, he went to. That was a good set. Yeah. That was like Snow's gift to himself.
00;28;17;09 - 00;28;23;21
Speaker 1
Yeah I respect that is that's pretty low interest rate. Phenomenal. Oh yeah.
00;28;24;09 - 00;28;26;18
Speaker 3
And there's the visuals are off the hook for that too.
00;28;26;18 - 00;28;29;09
Speaker 1
It was the whole thing bonkers. I just rubber bands.
00;28;29;09 - 00;28;30;29
Speaker 2
It's it's also that we have.
00;28;31;00 - 00;28;32;10
Speaker 1
On I could find it.
00;28;32;10 - 00;28;34;08
Speaker 2
Was like also the link for this.
00;28;34;10 - 00;28;36;10
Speaker 1
Site, right. Yeah. I think you're right. It was.
00;28;36;10 - 00;28;59;03
Speaker 3
Oh. So that's what triggered me to publish my second book, wrecked. I wrote wreck, they finished it in 2019. When I was done with it, I just looked at and I was like, you know what, I'm done with this thing. And I just left it there like it's sitting in storage. And so that second year when it collapsed and we and we were down there, I remember telling you Joe's that holy shit, there's so much stuff from my book that's actually coming to life here.
00;28;59;05 - 00;29;04;18
Speaker 3
I gotta, I gotta dust this thing off and push it out. I forgot about that whole SPF folder down here, too.
00;29;04;19 - 00;29;24;05
Speaker 2
Well, I remember there was like, people like all these, like, agents on Twitter being like. There was like pictures of, like, the Jax thing and and like the captions were just like, these people have no idea what just happened to that. And there's a leading flood of us from afar because we're just, like, not caring that the entire like, crypto economy was just split.
00;29;24;07 - 00;29;27;27
Speaker 1
It seems to happen every March. I don't know, but.
00;29;27;29 - 00;29;30;20
Speaker 3
You know, it does offer another one.
00;29;30;22 - 00;29;32;27
Speaker 1
I haven't looked at the numbers today, but.
00;29;32;29 - 00;29;35;13
Speaker 3
Head in the sand. Enjoy that. You know. Robots.
00;29;35;14 - 00;29;43;11
Speaker 1
Yeah come true. Which was the year that we got the Robert Irwin tour. You know, there's, there's a room.
00;29;43;11 - 00;29;44;13
Speaker 3
Over at the a building.
00;29;44;13 - 00;30;01;23
Speaker 1
Over at the Kennedy that was open to art blocks. It was the, fall, Equinox and Robert Irwin's get like this art artist of light and darkness. Did you guys do that building? I did that, that was, it was an incredible, visit. I think that was the third year.
00;30;01;29 - 00;30;09;10
Speaker 3
I only make it to charity for the sunset events. Like, God bless all of you. Get up and do sunrise at. Sorry about that. Is like, absolutely same to me. Yeah.
00;30;09;16 - 00;30;11;03
Speaker 2
Even sunrise actually only the first.
00;30;11;03 - 00;30;12;08
Speaker 1
Ever doing it again tomorrow.
00;30;12;08 - 00;30;15;01
Speaker 2
I think I might do it again. That was really special for sure. I thought.
00;30;15;01 - 00;30;15;20
Speaker 1
Yeah.
00;30;15;22 - 00;30;20;28
Speaker 3
I'm not doing that to like three in the morning. I want to get enough of the sunrise. Just, you know, out of bed.
00;30;20;29 - 00;30;22;27
Speaker 1
Just roll out of bed. I'll get, you.
00;30;22;29 - 00;30;26;01
Speaker 3
Know, do not if you're not. Please.
00;30;26;04 - 00;30;55;25
Speaker 1
So when it glitch opened up, your three clutch open up or your gear. Two. Yeah, yeah. So we were we, It's funny, somebody wrote a a book or an essay about their time at at, at glitch that first year we opened up. I remember we had just bought a gallery. We didn't have a ton of really great programing that we had maybe 5 or 6 events, and we had that first of that and we were just the paint was basically just right.
00;30;56;00 - 00;31;17;03
Speaker 1
I remember on the gallery wall and we had just put up the screens like an hour before this book writer ended up coming to that lab. And I read later that they defined that on that as three screens at a pizza party. And I was like, wow, that is something to, that's unfair. That's something to grow from.
00;31;17;03 - 00;31;45;11
Speaker 1
Yeah. But, you know, we we literally had just like, turned around this whole thing for the first time. And, I mean, I Alex, I think for the rest of the we've we've done a good job every year putting growth growing from that first, first opening. A lot of it has to do with Madison, who, is the the only full time employee at which, she works early and making sure the programing is tight and spends like, four months getting everything ready for for Murph every year.
00;31;45;14 - 00;31;56;19
Speaker 1
And we've, we've had some help along the way. So I'm pretty proud of of where we've come from as far as she bosses. Well, her labor and love comes through, so. Yeah. Yeah. It's pretty special.
00;31;56;24 - 00;32;01;11
Speaker 2
This is Zachary Smalls book. Yes. Is that we know what? The book. Yeah. I haven't read.
00;32;01;11 - 00;32;02;09
Speaker 1
It that I.
00;32;02;15 - 00;32;03;07
Speaker 2
It's like that New York.
00;32;03;07 - 00;32;22;15
Speaker 1
Time, 15 people's lives in a passage. So she thought it was hilarious. I also that was pretty thought I was, like, crying, laughing. Well, I been I also know what do I know the context that she was walking into. And it is kind of comedy. In year four, you guys really turned on the heat. Yeah. An app and glitch.
00;32;22;15 - 00;32;32;08
Speaker 1
Like the Joe piece. Yeah. You know, installation was fantastic. I appreciate, yeah, I think how are you going to top that this year? I like to think.
00;32;32;10 - 00;32;32;24
Speaker 3
It's a good.
00;32;32;24 - 00;32;58;19
Speaker 1
Jo. Joe and I spent a lot of time. We probably spent three months thinking about how we wanted to do that show. And the way Joe works is he's very much like, well, have these ideas kind of floating above the surface. And then at the very last minute, we'll grab the best ones. And, this year, the working with snow, who I've, you know, I've, who's come to be a close friend of mine and I've worked on a bunch of stuff with process has been very different.
00;32;58;19 - 00;33;16;16
Speaker 1
Like we knew exactly what we wanted to do six months ago, and it's much more precise and how we want to and how we want to end the weekend. And, it's our most it's probably our biggest production we've ever done. It's just going to be very different than what we did with Joe. But, I'm really proud of the work that I went into this one, and it's just different.
00;33;16;16 - 00;33;39;22
Speaker 1
It'll be very different than anything we've ever done. So I hope, and I'm ready for that. But it also adjacent to it. Yeah. I don't think Joe's has Joe so sold any work since then. Joe has sold a few works for some private collections, was, for some private collection, some private collections, over the last year. And, yeah, the third that I really am very proud about.
00;33;39;22 - 00;33;59;26
Speaker 1
The third year out works. Nothing big with him. That glitch there interestingly, all started to kind of sound like one of ones. The prices, I think the last one went for 140. Guy well, those are the guys. So it's been it's been really interesting to see the thesis we have is can we make these 30 objects in a single collection feel like one of ones?
00;33;59;26 - 00;34;10;18
Speaker 1
But I'll feel stitched together. And it's been awesome to see the market response and digestion of that. Yes, each of these works are kind of taking out a life of their own, so it's been cool.
00;34;10;20 - 00;34;15;18
Speaker 3
So we've got two days left. What are we excited about for the next two days? Screaming a cursor?
00;34;15;21 - 00;34;16;01
Speaker 1
Yeah.
00;34;16;27 - 00;34;26;08
Speaker 3
I don't know, man. I just roll with it. I do it free. Tells me what Jonas tells me, and people send me links and say, RSVP for this. And I say, yes, boss. Well, then I tag along.
00;34;26;08 - 00;34;43;27
Speaker 1
All right. I'll share a couple things I'm excited for. It might be a little bit more off the beaten path. So, the artist, modest, has a installation somewhere here in town. It's a loading us. He's right about now. He's supposed to be publishing the location, but you have to have a reservation, so go. Go to X and, like, it'll.
00;34;43;29 - 00;35;00;24
Speaker 1
This will come out afterwards. But if you booked some time, it's, I think he's basically done an immersive tractor trailer full of screens where you walk inside and there's going to be a full on, art display inside of it. You can get a reservation. So we're doing that this afternoon, Chris. Yes. Well, yeah.
00;35;00;24 - 00;35;01;28
Speaker 3
And,
00;35;02;00 - 00;35;27;11
Speaker 1
And then, one of my favorite artists of all times is, the artist far? Yeah. And, you know, he's a Lisbon based, generative guy. And he's never done an art blocks drop, but he has something interesting coming tonight. I think that he's talking about. And that's going to be at other side. And, Jeez, far his infinite, eye collection from back in the day.
00;35;27;11 - 00;35;31;16
Speaker 1
Still, I think my favorite collection out there. So, excited about that one as well.
00;35;31;19 - 00;35;32;26
Speaker 3
And he's back from his.
00;35;32;26 - 00;35;38;05
Speaker 1
Voyages and Bitcoin land. Yeah. We'll see. I have no idea. Where the quantum cats are these days.
00;35;38;05 - 00;35;45;10
Speaker 3
But yeah, we got to get we're going to get far off the orange guy. We got to bring him back. This even.
00;35;45;12 - 00;35;48;02
Speaker 1
Very good. I just can't do as much. They're.
00;35;48;05 - 00;35;58;11
Speaker 3
Even metaverse stage so far as what I want. I want the Bruno the tour quote. And far that's like deep into, new design. Well, what's fun is that there's not.
00;35;58;11 - 00;36;18;03
Speaker 1
Only just glitch, there's other galleries down right, white walls and some other others. Really other stuff? Yeah, a couple reasons. The first is like, you know, for so many people, virtual. Yeah. So it's like H2O. These are our seventh year alums. Totally. And so it's really it's it's also selfishly, I actually really do like seeing as much new stuff as possible.
00;36;18;03 - 00;36;30;10
Speaker 1
And this has become a really awesome opportunity for me to see what other artists are doing, what they're working on it. It's cool to see that the other galleries, yeah, a glacier. I loved clown vamps. I love it though. It was so good. That was great.
00;36;30;13 - 00;36;33;29
Speaker 2
Yeah, there's a cool installation in that church right now. People are.
00;36;33;29 - 00;36;35;22
Speaker 3
Oh. Let's go. Yeah, I want to go.
00;36;35;22 - 00;36;43;00
Speaker 1
Actually, Steve's got a bunch of stuff going on again. Is always burning some money and this isn't doing other things financially.
00;36;43;00 - 00;36;43;10
Speaker 3
It's fun.
00;36;43;10 - 00;36;50;25
Speaker 1
Related. Yeah. I see, like, coming out more and more just into, like, popular. Cool, right? Yeah. Cool. Should we wrap it up?
00;36;50;27 - 00;37;00;17
Speaker 3
Yeah. Let's go get another nice trip down memory lane. And a good recap of what's happened in Marfa. So let's get Atticus. Yeah. Thanks, Jonas, for coming on. And thanks for.
00;37;00;17 - 00;37;01;16
Speaker 1
Having me, guys.
00;37;01;19 - 00;37;05;18
Speaker 3
We'll see y'all out there, see? Yeah. Where are you? On the other side. Are you going to do.
00;37;06;02 - 00;37;25;08
Speaker 2
Oh, yes. Welcome to Net Society. It's me, Aaron, Chris, Derek and special guest Jones of Flamingo Dao talking Marfa digital art going down memory lane. Flamingo and digital art more broadly. Yeah, let's let's go.
00;37;25;11 - 00;37;26;22
Speaker 1
Let's go, let's go.
00;37;26;22 - 00;37;43;18
Speaker 3
And none of these opinions or financial advice or representing anything endorsed by Collab Currency Review Lab bonus go. And the good keep real hospitality. Thank you. Woo!
00;37;43;20 - 00;37;53;10
Speaker 3
For the.