Russo

ft. @rasmr_eth @mattkalish

DraftKings Co-Founder Matt Kalish reveals every sportsbook is currently building an exchange exactly like Kalshi "There is not a sportsbook in the US that is not building an exchange right now, a lot of them are on temporary products that aren't very good, but if you google any of them, DraftKings, Fanduel, Fanatics, MGM, you will see they acquired a DCM" "DraftKings acquired a DCM called railbird, it's literally the same thing as Kalshi, it will just be all in house and stuff built by real consumer product teams that have real instinct around the customer"

ft. @rasmr_eth @mattkalish

Hardscope CEO Matt Kalish reveals Faze was losing $3,000,000/month shortly after they bought out all the shareholders for $30,000,000 "The company was losing at one point $3 million per month, we got that cut down to about $1 million per month of loss, we were in a pretty decent spot but there was no opportunity to turn into a real business" "Ricky (Banks) cared a lot and did everything he could to get engagement from a lot of the former and new up and coming talent but at the end of the day Faze was a talent charity" "It was money getting spent on housing, production, all of this stuff was a one way door, but its 2026 I don't think the meta is there where people want to be apart of an org" "Its a very independent era as an internet creator and the model of Faze being a talent management business was not connected, it wasn't the answer"

ft. @rasmr_eth @mattkalish

Hardscope CEO Matt Kalish reveals no member of Faze was offered an 80/20 deal, it failed because the streamer house was losing $7,000,000/year "Call in anyone and ask them if they got shown a deal to give them 20% of their money, its fake. Ask Swagg, YourRage, literally all the loses were tied to one thing which was the streamer content house lost $7,000,000/year" "The conversation was like, 'all good but the endless funding is not going to continue in the future', we could either come up with a way to make it sustainable or we could just be independent" "I don't think Faze is anything but forever, I just think the model was broken and it ran out of people willing to continue funding a model that had basically no revenue"

ft. @rasmr_eth @mattkalish

DraftKings Co-Founder Matt Kalish believes Kalshi's $22 Billion dollar evaluation is fake "Its not real, if you are public, people are trading your stock and are reporting real metrics using gap accounting, its not all just information controlled by your PR team... you don't know the side deals or back deals, any of that" "How much money does Kalshi need me and people like me, regular long term losing retail gamblers to lose of Kalshi to make that worth $22 Billion, I think its the entire money supply of the country x4"

Ft. @rasmr_eth @chang_defi

Robert Chang believes NFTs will have a resurgence once they rebrand “It’s kind of like meme coins, they were just tokens and seemed like they were shit but turned into alt coins, they aren’t different, just a new branding” “For NFTs the branding would simply have to change, with the wave of AI glasses that are coming, more and more things are happening in the world model area, where you can have more physical and digital reality mixing together” “I see them potentially as in game items, rare assets, random things that don’t exist yet but could be really valuable” “It seems like NFTs are in a bull market, they are just not on chain, they are Pokemon cards, AP swatches and Koenigsegg’s”

ft. @rasmr_eth

Rasmr believes Kalshi is a foreign psyop "Everybody knows that Shayne Coplan likes the Knicks and sits courtside at MSG and Tarek is doing gametime flexing the Kalshi sponsorship, its so unauthentic and feels super petty" "There is so much foreign energy with Kalshi, I can feel that Polymarket is a bunch of young American people, Shayne started it when he was a kid and theres something I like about it" "There is something so foreign about Kalshi to me, its like a foreign entity, some kind of foreign psyop"

ft. @rasmr_eth @chang_defi

Robert Chang reveals the best focus for Solana "It needs to remain the place where developers can easily go and build things on and it does a quite good job at that still today" "Solana is no longer this blockchain that is impossible to build on anymore, that completely changed, it was like that last cycle" "As a developer platform it is still very powerful, but the foundation, marketing and narrative is really shitty, they are just bad at branding" "As a technology, Solana is quite good, if any agent stuff occurs, Solana is probably going to be the blockchain it happens on"

ft. @rasmr_eth @chang_defi

Robert Chang reveals a solution for Ethereum to succeed as a blockchain "There is a lot of these exchanges that are trying to create some sort of asset around compute and they are being funded, but none of this stuff is real, you need to have centralized infastructure" "You need to take it and create a pricing mechanism on chain, give everyone ownership over this kind of compute for that duration or period of time they are using it" "You need to create a spot asset, I don't want a perpetual future for compute, I want to be able to own it" "Decentralized compute exists, but none of these things allow you to own and trade compute as an asset and its possible to do this on Ethereum"

ft. @rasmr_eth

AI art has reached the point where NYC artists are confusing it with Van Gogh "Vincent Van Gogh chopped his ear off, got in a duel, died in his moms basement, nobody ever knew who he was and now he is getting replicated by AI" "This guy cut off his ear for this shit and you think a ChatGPT bot can replace that?"

ft. @MarketBubble @blknoiz06 @_TJRTrades @Banks

Ansem believes Elon's companies are tricky to trade because he is such a good marketer "A lot of what SpaceX is trying to do is not an immediate thing, they wont have an immediate impact as soon as they IPO, if SpaceX, Anthropic and OpenAI IPO that has to put in some kind of local top for markets" "They trade off of attention and momentum a lot, Tesla did well before they were actually selling a lot of cars and doing well revenue wise, they did well because of the narrative around EVs and the company" "His companies are tricky because he is such a good marketer of all the stuff he works in and has a really good story and theses for combining them all together" "The buy of Twitter and converting it to X was huge for his positioning, he's super smart in that way before a lot of other people"