Re:Envisioning Web3 | What do you want from your NFTs?

Host: Jed (@jed_131) with co-hosts Lyss (@Lysss302) and SLICK RIC (@richj530) · Date: Fri, 21 Aug 2026 · Duration: ~1:21 (recorded in two parts) · ~13 active speakers

Part 1 was a false start — a single mic check — so the whole conversation lives in Part 2. Timestamps below are labeled by part so the replay links land correctly.

TL;DR

• Jed opened a genuinely confused, slightly frustrated question: what do people actually want from NFTs — IP, utility/yield, or just collecting? — and asked the room to answer honestly [P2 16:00].
• The consensus: the recent floor pain isn't a signal of failure. Cab and others tied it to thin liquidity, rotation into new plays like Stonkbrokers, and the fact that FUD is simply cheap engagement [P2 17:44].
• A recurring theme: invest in people, not projects, and give founders grace to experiment (Slick Ric, Cab, J Rock).
• Sho pushed back gently on the "make money" frame — she's here to belong and collect, not flip — leading to a warm back-and-forth with Jed about what "winning" even means [P2 34:50].
• Cab delivered the intellectual centerpiece: originality "begins with questioning the default," price dips aren't proof an idea is wrong, and the restaurant/Spaces are incubators where the next big thing gets born [P2 42:27].
• Tim reframed the whole space through accredited-investor rules, warning that people are angel-investing on emotion without the backing to survive it [P2 1:16:07]. A "Take 3" Jed Talk is teased for Monday.

Highlights

The bipolar restart [P2 0:31] — After Part 1 died at the one-minute mark, Jed rebooted the room mid-meltdown, cueing up an emotional ballad, cutting it off ("no fucking negativity here, bro"), and yanking it back to "the upbeat shit." Cab summed up the reboot perfectly: "I bet Jed pulled an unknown" — and Jed vowed to clip it: "even Cab's called me unk" [P2 6:55].

Brooklyn dinner logistics and the catchup line in the sand [P2 8:27] — Cab confirmed a crew of Claynosaurz holders will finally visit the steakhouse, including one who owns a winery in Mexico and wants to bring bottles ("This is Brooklyn," Jed assured him, "we'll open whatever we want"). Sho's threat to smuggle in a Pepsi drew mock-heartbreak from Lyss, and Jed set the house rules: no ketchup on the steak [P2 13:30].

Jed poses the real question [P2 16:00] — Web3 has him annoyed. He can't tell whether people are salty about NFTs that yield rewards or genuinely don't want them, and he framed a new tension: not just PvP flipping anymore, but "IP versus utility." His own answer: he wants an NFT that yields something and lets him "ride the train and watch the company build" [P2 17:11].

Cab and the FUGs whale on why the charts hurt [P2 17:44] — Cab argued FUD is just easy engagement from people "left on the sidelines" who now get to dance on the grave. A FUGs holder (Yot)^* added a sobering real story: a longtime whale dumped 25–30 FUGs in 24 hours into Robin Hood and is down 50%+ across the board — "such a harsh lesson" that money always flows to attention, not necessarily to what's substantial [P2 20:11].

Slick Ric: invest in people, give grace [P2 26:02] — The room's longest early take. He described a tribalized space where the salty are often those who "never put the work in," said he bought a Claynosaur at the top and doesn't care because he backs the individuals, and recounted the "steak hub" idea going from a backdoor conversation to reality. His refrain: "I don't want to own the train, I want to own the guardrails" [P2 30:25].

Sho and Jed on collecting vs. winning [P2 34:50] — The warmest exchange of the night. Sho insisted it's okay to just collect and belong — she has 22 quirkies she worked hard for and won't FUD anyone's win. Jed pressed on what she actually wants; she conceded that if quirkies hit 10 ETH she'd absolutely sell some — "I don't understand me either sometimes" [P2 38:15] — while both agreed there's room for every kind of holder.

Cab's deep dive: originality and the incubator [P2 42:27] — Citing Adam Grant's Originals, Cab argued the space is in a "fuck around and find out" discovery phase, that a price dump means "people don't get it yet," not that the idea is wrong, and that humans are "perpetually allergic to change." He then compared the restaurant to a beatnik-era coffee shop [P2 48:10] — a safe space where two people might meet over a year and start something that changes the game.

Wealthy on family — and chores [P2 56:33] — After a heartfelt take on community, unity and decentralization as the real point of NFTs, Wealthy landed the room's favorite deadpan: what he really wants is for his NFTs to cook dinner, wash some clothes, and cut the grass. Jed followed with a serious note for young holders: building with IP is expensive, but networking is free and invaluable [P2 57:51].

Tim's angel-investor reality check [P2 1:00:10] — Tim collects for "art, community, or vision," and warned that people treat brand-new mints like angel investing when Apple, Meta and Google each took years to IPO. Later he explained the actual accredited-investor income/net-worth requirements exist to protect people, and that most in the space "are acting on emotion and not on research" [P2 1:16:07]. Jed's TL;DR: "Tim has at least a million liquid in the bank... and he makes at least 500,000 a year." Cab: "His vocabulary is too good" [P2 1:17:27].

J Rock's closing sermon [P2 1:04:27] — A sprawling, generous take on the different tribes in the ecosystem — dreamers, networkers, would-be angels — and a hunt for founders "who build when there's nothing to build for." His mother's line carried the room: if the FUD's gone, you're not building hard enough [P2 1:08:49].

Topic timeline

Notable quotes

• "It's really easy to get engagement when you... fud on Twitter." — Cab [P2 17:44]
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  0:38
• "We don't temper to shame, but if you ask the catch up, we will shame you." — Jed [P2 13:30]
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  0:38
• "Originality begins with questioning the default." — Cab [P2 43:57]
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  0:38
• "The last point, what I would like my NFTs to do — I would like my NFTs to cook dinner sometime, you know, maybe they could wash some clothes... cut the grass." — Wealthy [P2 56:33]
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  0:38
• "If the footers aren't around, that means you're not building hard enough... if you're not getting FUD, you're not doing it right." — J Rock [P2 1:08:49]
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  0:38
• "Most people in this space are acting on emotion and not on research." — Tim [P2 1:16:07]
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  0:38

Who said what

• Jed (host, @jed_131): Steakhouse owner running the show from the restaurant floor; posed the central question, played provocateur on "what do you actually want," and kept the tone warm and self-deprecating.
• Lyss (co-host, @Lysss302): Managed the guest queue and the wrap; teed up the schedule, the NYC meetup, and Monday's spicier "Jed Talk" sequel.
• SLICK RIC (co-host, @richj530): Long "invest in people, not projects" thesis; give founders grace, back the doxxed, "own the guardrails, not the train."
• Cab (@Cabanimation): The room's analyst — FUD as cheap engagement, low-liquidity rotations, Originals-flavored deep dive, and the Claynosaurz equity play as a way to put collectors on the ground floor without the downside.
• Sho (@AgogoKaren): The honest counterweight — here to collect and belong, not flip; sparked the night's warmest exchange with Jed.
• Wealthy (@WealthySupreme): Family, unity, and decentralization as the real payoff — plus the deadpan wish for chore-doing NFTs.
• Tim (@tim_8093): Reframed NFTs through IPO timelines and accredited-investor rules; research over emotion.
• J Rock (@JusCrypto88): Closing sermon on the ecosystem's many tribes and backing founders who build in the down market.
• Geist (@Geist254): NFTs as a football club — wear the shirt, want the team to win, just ask founders to do what they say and improve daily.
• Instrumental (@instrumental250): It's a membership; raised funds for Jamie's fund; the real value is access to people and information.
• Bored Osaka (@BoredOsaka1): Collects for the smile they bring, plans to 3D-print his NFTs, and praised Cab's "carnival" booth at NFT Paris.
• Yot (@yotdog69)^*: Early banter and the FUGs-whale cautionary tale on liquidity chasing attention.
• Superhighgasfees (@SHGFees): Ceded time so the room could keep going into his own 6pm space.

Worth a full listen

• [P2 39:45]–[P2 49:33] — Cab's deep dive. A rare, unhurried monologue connecting Silicon Valley bets, Adam Grant's Originals, and why a dumping floor doesn't mean the idea is broken — capped by the restaurant-as-incubator analogy. The summary can't carry the throughline.
• [P2 33:23]–[P2 38:51] — Sho and Jed. A genuinely thoughtful, affectionate disagreement about whether "winning" is the point of NFTs at all; the value is in the give-and-take, not the conclusion.
• [P2 1:16:00]–[P2 1:21:00] — Tim's accredited-investor breakdown into the wrap. Tim's most substantive point lands right before the comic sendoff — Jed's finance TL;DR, the Geist-voice bit, and Jed "profusely sweating in the foyer" while a coworker looks at him like he's crazy.

* some voices are identified from context; those names are marked as likely.