Bankless - The 10k ENS Club with 713.eth & 562.eth | Alpha Leak

Episode Date: May 8, 2022

Something weird is happening in ENS land. Low-digit ENS numbers are MOONING and people are playing the numbers game! A new org has emerged with ###.ETH ENS names! Tune in to be in the know of what's happening with the 10k ENS Club, how to get involved, and the bullish plans they have for the future. ------ 📣 OPOLIS | Sign Up to Get 1000 $WORK and 1000 $BANK https://bankless.cc/Opolis  ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA  👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  ⚡️ MAKER DAO | THE DAI STABLECOIN https://bankless.cc/MakerDAO  🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  ------ Topics Covered: 0:00 Intro 4:15 What's Happening? 11:40 Valuing ENS #'s 14:05 The Future of the 10K Club Community 19:00 What's the Utility? 28:30 DAO or Not? 36:15 Subdomains & Wen Sellout? 39:05 Relationship with ENS & 10K Club 41:30 Closing Thoughts ------ Resources: 10K Club https://twitter.com/10kClubOfficial  713.eth | 5070.eth https://twitter.com/soy_eth  562.eth / 630.eth / ٠٠١.eth https://twitter.com/LeoAlhalabi  ENS https://ens.domains/  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

Welcome Bankless Nation to this very special episode of Alpha Leak. Alpha Leak episodes are where we uncover and unpack something that's going on that might be bullish in the world of crypto. And on today's episode of Alpha Leak, we're covering the 10K Club and also the 999 Club. There's this weird thing going on in the corner of ENS donanes where people are speculating on numbers, digit numbers, especially the low digit numbers. And so two things have emergently been created out of this. There's the 999 club for people that own ENS numbers, like 999.eath and lower. And now there's also the 10K club for people that own 999.9.eath and lower than that. And a bunch of weird things have spawned out of this.

And so we brought on two community members to talk about the whole bull case for the 10K club and the 999 club. Like, why are people doing this? How is this being organized? How is this being coordinated? Is this a Dow? because the answer is no, but also yes. And so we're going to explore all of these things, and we're going to, at the end of this episode,

talk about why you might want to own and be a part of the 10K club. And so these are the Alpha Leak episodes. We cover these with various communities and various projects throughout the crypto ecosystem. Each individual token or project or community has a bull case for it. So if you are a part of a community and you think the bull case needs to be told, these are the shows for you. So here's what you got to do.

You got to grab a team, three people, two people, anyone who can give the bull case for your project or your team, your protocol, or whatever. You've got to come up with an agenda and we've got to get you on the show so we can talk about the bulk case

for your program. And today, of course, we're talking about the bull case for the 10K club, the 999 club, and whatever other clubs come out of this ENS domain, we're going to explore that with two community members right after we get to some of these fantastic sponsors

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Dow and learn from the oldest and most resilient Dow in existence. All right, guys, let's get this show on the road. I'm here with two community members from this crazy, weird 10K club project. On the bottom, you see Leo, who's also 562.eath, and then on the top right, you'll see soy.eath, also Patrick, also 713.Eath. These are two community members, I guess, from this not Dow thing that's being created. Patrick Leo, thanks for coming on to this Alpha League show. Appreciate it.

Thanks for having us. Thank you. Cheers. Okay, guys, let's get right into it. How did this whole thing start? And also, what the hell is going on? What is happening in the world of like low digit ENS names? And how did this whole thing get started?

Leo, I'll throw that one to you. Well, I probably started off with my personal story and it kind of like will touch on all of these things. So we were, majority of us were actually following. I know I was following at the beginning a NFC influencer, Daniel got hits. And when he was talking about ENS domains and giving ideas, giving alpha, different ideas, things

to get. And then he just made a post saying it would be such a flex to own a three-digit domain and they weren't mined out at all. He just said it would be such a flex. And then his next tweet or in that tweet he attached how much Dubai number plates were being sold for. And he was like

well, if the number plates are being sold for a lot, what happens when these people enter the Web 3 space? They're probably going to want these, you know, three digit domains as a flex. That's how it began. A few hours after that, or within my... Just on Twitter. Just on Twitter.

Yeah. And then us being D-Gens, we started mincing them out. I didn't mince it out. I actually bought both of mine at one-eath each. But, and then the community started saying, this is all organic. No idea, no founders. Started saying, hey, why don't we form a club called the 9-99? Where, you know, just a club for people who hold three digits.

And then that's where it personally hit me. and it was like, I said the 999 is going to be the most exclusive club in the world of ENS and I want to be a part of that. It's no doubt going to start attracting some gigabrains. Just because I watched your interview with Kevin Rose and I started thinking about proof and I'm like, this is an inevitability. So then the 999 got together and then people started moving on to four digits. And then the 10K club was essentially launched.

There's a more detailed story for this, but I don't want to take up too much time on this answer. I actually wrote a thread about it. There's threads about it on Twitter to explain the full story. But it was just organically launched, no founders, unruggable. And it just came about. That's why there's such a passionate community behind it. And then we formed the whole idea of I am my digits, my digits to me. And it's been crazy ever since.

So it's just really this property of ENS and numbers. So humans created numbers. We also created ENS. And so people just slam these two things together and started playing the speculative game on low-digit ENS names. I mean, the bulk case, of course, for ENS is that it's going to be the domain system of planet Earth in the future. And so, like, there should be no, like, surprise that people are playing speculative games in the same way with ENS names as they are with dot-com domains.

But, like, I think it's the numbers thing that is really just, like, the kind of funny meme aspect about this. See, it's looked at as a meme, but I think it's best to take it back to first principles, right? DotEath domains are going to essentially be your personal point of identification in the Web3 world. When we had a, we actually jumped on spaces with Nick.Eath, the creator of ENS, and he said it's going to be your Web3 passport. So every time I have a touch point with someone, they're going to see my .Eath domain. It's going to be my bank account, my email, my login. And if we take a look at the idea of numbers across cultures, cultures give them importance,

especially low digits. In the Middle East, it's not a flex to owner Rolls Royce. It's a flex to owner Rolls Royce that has a multi-million dollar low-digit number plate attached to it, right? So if you want to think about it, if I'm going to constantly touch base with people in the Web3 world, having a low-digit domain is essentially me walking around with a low-digit number plate strapped to my forehead, right, in the real world. It's just constantly going to be a touch point.

Cultures, like in the Asian, in the Asian cultures, Chinese culture, they value numbers, right? They make decisions based on numbers. We had a whale who came and bought 555.E for 55.0.5 Ethereum. And then he was located and asked why he did it and he said, just for fun. So it's not even about, it's not even about it's beyond just the community. There is intrinsic value in holding these low digits, especially. when they're going to be used as your personal point of identification, no different to a prestigious profile picture or a verified tick on Twitter.

Patrick, I want to get your story in on this. How did you discover this whole like ENS thing? Where did you, what's your genesis with this whole like 10K club thing? Well, if I go all the way back, I mean, I got an EINS in 2020. And, you know, I thought this is going to be a thing eventually. But I didn't, I didn't think numbers would be like the thing as big as like, specific words. And so I only had one number, one three digit number when this thing happened. And I was the one tweeting about it. Like me, Daniels, some other people were talking about the numbers.

And we're like, there's only a few left. Like, you know, maybe we should actually grab them. Because like, we're tweeting about them. But, you know, we only had a couple ourselves. I'm like, I'm going to grab another one. And I sold it for three Eath. And I sold my, my one three digit. I picked up some more four digits. And it's actually mind blowing. And it makes sense like in hindsight. And it's just like, you know, it's like, I was tweeting this stuff out. And it's like I kind of faded myself a little bit. But I'm glad I'm still holding and stuff.

And yeah, I don't know. I think there's a crazy future for it, like Daniel said. Or like Leo said with the license plates and whatnot. Right. Yeah, if this is like our self-chosen, like social security number of the Metaverse, which any ENS name can be really. Like there's not any meaningful difference between the numbers and like Davidhofen. dot eath for example or or like soy dot east which patrick you have but also it's just kind of it's just

like a shelling point right it's just like there is a fence around the numbers only ens names and like all the other ens names just because like it's numbers and like because people like to be in like at least in the west we really like our lines and when everyone wants to be first in line all the time and so i feel like it's that same kind of property we're just like you know first like got here first Like look at my very low number. I'm earlier than you, even though you could have come in later, but it doesn't really matter because the number is so low. So what kind of like behaviors have you guys seen in the community? Like how are people picking what numbers they want to get?

Like are they just finding the cheapest four-digit number that they can find? Or like are they playing? Like, I don't know, maybe they're going for like prime numbers. Like how are people valuing different ENS digit numbers differently? Leo, I'll tell that one to you. Yeah. people are going with birthdays, postcodes, you know, some people, if you hold an Azuki or a board ape, you're getting the respective number that your board ape actually has as an

ID, palindrones, lucky numbers as well is a big thing. But there's no central thesis. Everyone just has the own flavor. No, not really. And that was like the beautiful thing at the very beginning is that initially we had the option to mint what we wanted. So people were actually getting something that was meaningful to them. Now it's become more of a secondary thing. So you're just getting a number to have essentially a pass into the 10K club or a pass into the 999 club. So it's become less, say, meaningful.

But there are still people who are so attached to that initial number that they got that they wouldn't ever think about, you know, selling because it's become part of like their identity. you. So that's the type of behavior that, um, you know, the decision making that people talk. Yeah. And I can definitely tell from the chat, this meme of, uh, my digits are me or what's the, what's the, what's the line? I am my, I am my digits. My digit to me is the line. Yeah. And so like, I, I'm in the 10 K club. My number starts with the six. I can't remember what number is. Uh, so I need to go go check that. But I'm sure as soon as I go realize what, what my 10, my four digit numbers are,

I'm going to have that like number baked into my brain. And it'll just be like a part of a part of me. Has anyone gotten a tattoo yet? Is that what's next? Not that I know of. Sure someone will. Not that I know. Yeah.

Like I know I know Patrick as 713. Yeah. His entire identity is built around that. I didn't even really know his name. And it didn't it didn't matter because our numbers became our point of identity. And it's it's why it happens. the explanation behind it is it's a difficult one to say. All I can say is it did happen.

So what's making the community so excited? Like, are people, I mean, I'm trying to like ask my typical questions when I'm like, okay, like, what's the roadmap guys? But like, is there a roadmap? And if there's not a roadmap, what makes the community so excited about this whole thing? Do you want to take that one? Yeah, go for it. Yeah.

So like Leo said, it, for, for it. kind of spontaneously. And it was just like, hey, let's make this little club. And then, you know, a week later, it blew up almost 7,000 people in the Discord. There's articles around the world. And, you know, part of the reason, like, Daniel stepped down is he was like, this thing is really blowing up. You know, we just try to make this club. And I want to make it Daniel proof, like, you know, because he's fully docks.

He's an influencer. And, you know, he's like, I don't want something bad to happen in this. like if he gets canceled for whatever reason. And he's like, so this is going into your hands now. I want to protect the community. I'm taking a step back. And there's no Dow. But I mean, honestly, there's no limitations to what can happen.

I mean, we have a huge community. We have plans. There's multiple ways that we've thought about how to get funding. Okay. So we are thinking about actually producing a treasury? Yes, potentially. And so one of the co-admins and the server owner, AOX, Aaron, he's the creator of ENS. Tools. And we also have Zimente, who is the ENS Vision's creator.

And they're working together right now coming up with a marketplace, potentially, which could bring in some revenue. People in the chat, they're talking about merch, and people are mentioning the word DA, the word treasury. And there's a lot of things we can do. We can have real-life events, E&S education. And that's a big thing because people really ape to these numbers. And they don't know what they hold. They know they own a number.

But it's like, they buy. And then afterwards, they're like, so now what? Like, what do I do with this thing? So I've been really trying to push the education on that. Leo, any other perspective is like what gets the community going about this whole thing? Yeah. Okay.

So, I mean, everything that 713 said, because he's 713 to me. Everything that he said, in addition to that. So there is no like DGEN's hub for E&S Maxis. And the 10K club has essentially been that. So if you're a part of the club, you're on the forefront of the education. You're going to be at the forefront of the next thing that's going to take place. So it's a place to come get educated, get alpha.

We've got alpha channel set up. And if you think, and if we take it even a step backwards and we go say to the 999 and the value within that, that has grown, it's got legs of its own now. The 999 chat, the reviews who've held board apes or whatever community have been a part of, they've said, I've never seen a community like this. The relationships that I have personally developed have been so beautiful. We had a catch-up yesterday with a few members, and then they were so bullish after the meeting. 0-0-5 was purchased for 50th, and 0-0-06 was purchased.

purchase for 32Eath from people who are in this chat being like, this is how bullish we are on this. And the type of brains that it's attracting, what happens is, you know, people sell off and new people replace them. The entry point becomes more higher and higher. So, and then those who are, the earlier diamond handsing are there for the right reasons. I couldn't even consider it. Think about something. I want to be a part of the 999 that have that network. And now we're already talking about meetups and, you know, there's a, there's a member of developed a good relationship with and a few others. We're just like, he's like, hey, come to Singapore.

I'll host you guys. And I'm seriously considering it. So don't be surprised if you see me in Singapore soon. Like it's, it's that community culture. And now we, and then it's expanded obviously to the 10 K club as well, which is a little more difficult to do because there's larger numbers and a higher turnover than the 999. But it can be achieved with time. Well, so I mean, you can even go beyond the 10K club to the 100K club.

And you can keep on going to the million club. And so like there is no, it's not like there's just two clubs. It's like a concentric circle of clubs all the way. And it's kind of like people want to like work their way. If they want to play the ENS numbers game, they want to work their way into the innermost club possible. Right. And so if we do believe that ENS comes to take over the world and blanket the globe as the new like domain name system of planet Earth, like our children will be playing like the 100 million club game or something like that.

And they're going to be like playing the game to try and get to like the 10 million club game and trying to get to play the game to get into the one million club game. I mean, this is the thesis. This is the theory. This is the idea, I'm assuming. But also, I have to ask the question, just like, if everyone is just, like, talking about going to Dubai and everyone's super bullish and aping into, like, three, like, the lowest digit number is possible for, like, 50th, like, is this a mania?

Like, is this sustainable? How do you guys know that this isn't just, like, a flash in the pan, like, all the other NFT projects that we've seen? Either of you want to... Yeah, Patrick. Yeah, I'll, yeah, if you want to get Patrick. So if you think about like dot com, for example, not everybody needed a DNS, like no one needed a dot com unless you're like a business owner.

And you look at those sales and I think like the average three digit sale price is like 300k. And same with like four digit numbers or like 50k or so. And I think ENS has a lot more possibilities in the future than like a dot com ever has. mainly because of subdomains. And so, for example, like, I have 713.Eth. That's the area code for Houston, Texas. So people from Houston, they can, you know, I can maybe someday I'll rent, like, lease out subdomains to them.

And they won't need 713.Eath, but they can have, like, Jake.713.eath or their business. 713. And, you know, whatever else they want, they could have Moonbird 713. at Eath. So there's a lot more possibilities. Okay. Yeah, let's lean into like what is the true utility. Like what's the true utility of this thing beyond just like this social club? Like how can you monetize this thing? How can we how can we convince the skeptics that there is like real value here? Yeah, I'll tell that one to you.

As far as like actual the utility of E&S itself, I think Patrick's the best person to answer answer that. But for me, I can talk more from, say, getting involved in a community, from a community perspective. A lot of the projects that people ape into, they're aping into projects based on community with the idea that there's something big coming down the line. So something that hasn't been delivered yet. It's always a promise of a roadmap that hasn't been delivered yet, but they hang out and they stick around due to community. The 10K club is the most organic community that's ever been launched, it is the place to hang out where you're going to have, you're instantly going to, you know, have friends. The engagement on

Twitter is insane. And then the 999 club, you asked it before, well, what if it's just mania? It's not like, you know, these sales are happening like crazy. We actually went through a period where there wasn't any three-digit sales for like 24 to 48 hours. And everyone held strong because the reason that people are in that club is for the right reasons. We're more focused on alpha, more focused on networking, on relationships, on, on, on, on, uh, essentially being around gigabrains. That's the idea. Now, we want to try and translate that to the 10 K club. Like I mentioned, it's a bit of a more of a challenge, but that's essentially the utility. But they're in addition to community. I think seven one three can talk about,

or Patrick can talk about the actual, you know, subdomaining potential and, and, and, and from a more technical perspective. Yeah. Yeah. 713. You want to lean into that a little bit more. I know you were talking about that with like renting out subdomains. But like what is like the bullcase of the utility of these things? So before I get on that, I'm going to first finish on Leo's part where we actually also have a lot of communities that have like helped us out. Because they know like we didn't have funding. Like we didn't sell people NFTs. We just form this community. So a lot of people are helping us out where they're building tools for us for free. Just, you know, gem, pop rank and. a lot more. And then for the subdomain part, so I mentioned how you can possibly lease them out. And it's a bit speculative, but then you look at things that already exist.

Decentraland, for example, they built their own subdomain wrapper years ago, and those are your usernames in Decentraland. So I used to own a plot in Decentraland, and I could just use my DCL, my Decentraland subdomain. So like, let's say it wasn't soy, but let's say it was soy. DCL.Eath.

I typed that in my browser, and it loads up the DeCentraland webpage, specifically with a coordinates to log into my plot. And that's just one example. They monetize that. You had to pay mana to create that username or subdomain. And Budweiser, for example, they bought beer.eath.

And now if you look at their subdomains, they register like Budlite.Eth and Stella and, I think, you know, several more. So those are all brands that fall under Anheiser Bush. Like Anheiser Bush owns Budweiser and Bud Light and so many others. So they're organizing their whole company with those subdomains. But if they wanted to in the future, like let's say when the EMS name wrapper comes out, they'll be able to potentially like sell other beer brands subdomains under beer.

If they wanted to. there's a lot more situations like that. I mean, it's really early. The name wrapper's not even out, which I'm not sure if you know what that is, but it'll allow subdomains to be traded as their own NFTs. Okay. So we're really early.

So like seven, you have seven. 1.13.eath. And then you could wrap up, I don't know, any other number dot 713.3. So you could wrap up 999.9.713.Eth and sell that. Is that the idea?

Sort of. So it's not, you're not wrapping up the, you're not like, so 999.Eth, that's its own, like, second level domain, I think you call it. Right. Now, so 713.3. I can issue subdomains and people could choose what they want under my name. And those currently can't really be traded because I issue them out as the parent domain and I can delete them and like revoke access or whatever anytime I want right now. But when the names are wrapped, those subdomains, I'll be able to, the parent can. burn permissions so the subdomain owner can prove like that they own that domain. Like it can't be taken away. And it'll be an ERC. 115. 5-5 token.

So they'll be able to trade those, sell them just like decentral and subdomains. So there are markets that can emerge on top of these assets. Yes. Okay. Do you know like what kind of parameters you can control? Like can you control trading fees? I'm not,

I don't think so. There's, there's quite a few though they're called fuses um you can make them so if you wanted to uh they're not transferable which would be kind of weird it's like i guess you could send someone a non transferable i'm not sure if you could send someone a non transferable something made i mean we have to wait and see but that's one of the options i saw there's a lot of weird stuff okay guys there's a few topics i want to talk about uh coming up in the second half of the show so i'm going to tease them now but just like this this idea of like it's a dow but it's not a dao but it's not a da

It's actually many DAOs, but there's actually no DAO, is like really interesting to me. So I want to like explore what happens when you break the walls of what a DAO means. Like we didn't just issue NFTs. It's not this profile picture thing. But also it's operating and acting as if a DAO, as if it is a Dow. And there's some other conversations around the numbers games that are going on. So all of that's coming up in the second half of the show right after we get to some of these fantastic sponsors that make the show possible. If you're trying to grow and preserve your crypto wealth, optimizing your taxes is,

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The beautiful thing about AVE is that it's completely open source, decentralized, and governed by its community, enabling a truly bankless future for us all. To get your first crypto-collateralized loan, get started at AVE.com, that's A-A-A-B-E-D-com, and also check out the AVEP Protocol governance forums to see what more than 100,000 Dow members are all ravening about. All right, guys, we are back for the second half of this show. And in the second half, we want to talk about a little bit about how this is a Dow, but it's also not a Dow. And there seems to be just a fractalization of clubs, of ENS clubs going on.

But because it is a, it is a Dow, because it operates like a Dow. People are buying tokens. They're speculating on them, whether it's an NFT profile picture Dow or it's people trying to like all focus around some ERC20 token, there's bags involved. People have their assets that they would like to talk about and there's community involved. But it also breaks the mold of a Dow too because the 999 club is a subset of the 10K club. And so it's like a club or a club within a club. And there also seems to be just like many other clubs being spun out of this thing that are like peripheral or adjacent to the 10K club. So Patrick, can you just talk about like the differences between when people typically talk

about the word Dow and like what's going on in like this ENS club thing that's going on? Also, what's you even call this? Like the 10K club, the 999 club. Like how do we even call this thing? Yeah. So it's the 10K club. And like Leo mentioned earlier, it started out as the 999 club. And then there's kind of these like 10K clubs being thrown around while they're still mitting out. Everyone's like, well, we should create a 10K club if there's a 999 club. But they started, some people started getting 0-0-0-0-999. So there are basically four digits and we were three digits. And so when Daniel created the Discord, he's like, everybody's welcome.

Like just, you know, if you have a three-digit or a four-digit, you're welcome to join. So now we're the 10-K club with 11K possible members, 11K numbers. And I think mainstream hates that probably. because it doesn't make sense to them. But so with a Dow, I mean, all right. So I wouldn't call it a Dow personally. I mean, you know, by the textbook definition of it, like decentralized application Oracle, I think it means.

Decentralized autonomous organization. Yeah, thanks. So I wouldn't I wouldn't call it a Dow. But the community did. It arose really organically. Everyone made their own choices. It kind of just there wasn't like this one person. and I just said like, you know, hey, I'm in charge.

Like, I'm, I'm the numbers king. Like, it's just everybody just started buying numbers. And we all formed together into one, one discord, one group. And then, you know, ENS itself, it's like, it's a, they have a Dow. It's an open source protocol. It's like a public good. And you could buy whatever you want under ENS, anything almost. And, you know, we're just, we decide to buy numbers, make this club.

and then there's people with, you know, different subsets of that, hyphens and zero X and pre-punk ENS domains, emoji domains. And like, you know, we're all deciding like what we think is valuable. And yeah, it's definitely happening in a decentralized manner. But we don't have like, you know,

a Dow like textbook style like treasury or anything. So, yeah, Leo, talk about what is all like the little other groups that are forming out of this thing? because Patrick talked about how there's actually 11K, 10K club members. Is there controversy yet as to whether that extra 1,000 ENS numbers are actually in the 10K or not? Like, is there a consensus around that answer? And like what other clubs are people forming in this whole 10K movement?

Yeah. So I think like at the very beginning, there was questions around that. And then it was just, it just happened. Like no one, it's very difficult to kind of go back and restructure something that just someone created the 10K club. And it just stuck, right? If we go back and now change it to 11K, it throws off the branding. And 10K also, it just hones under the umbrella that its numbers up to 10K.

Like, it's not beyond. It's not, we don't have 11 and beyond, right? And in terms of the other club, so naturally what happened is when the three digits mined out, then they got, you know, started getting price here, four digits minted out. And then that continued. And then people started creating these subsections like the hyphen club, like, like, Pallendrons, like the things that you mentioned. And the best part about like this community that we've built is that it is 100% community-led, community-driven, right? So there was actually

controversy between whether to keep all these different chats within the 10K Discord by 10K holders. And obviously there's a lot of back and forth, but it wasn't one person who said, no, this is the way it's going to be. We actually could put it to a community vote. We held spaces with hundreds of members, tens of members actually jumped on and gave their opinion and we had an incredible discourse. And we decided as a community, obviously some people who voted no, but as a community that the best way forward for the 10K club is to support E&S as a whole, to open the doors to education, to open the doors to all clubs to be formed because rising tides lift all boats. That was the essential idea. If you want to be part of an ENS, you know,

DGN hub where there's alpha being shared, join the 10K club. If you want to take a a step step up um join the nine nine nine if you want to form your own club go and do so we're going to support you come and put forward a request get enough uh traction we'll add you to our discord or you can start your own discord there's no one telling anyone they can do what what they can and that cannot do so that's the that's the essential uh idea of it all okay but uh give me your opinion on this So what, and maybe this is less of opinion, but maybe it's actually shown up in the markets, what's more valuable, like 0-555.5.Eth or 555.eath? Because like they're the same number.

Right, three digits, right? And so like, it's three digits. Yeah. So the people that start their numbers with zeros, are they like on the, like, I guess it doesn't even matter if there's no like official like way of like drawing lines around these communities. But it's just like, I think it's just this one shared meme of like, yeah, I own zero, 0, 234.Eth or something.

And like, I just, I'm part of the same meme as actual two, three, four, dot Eth doesn't actually really matter here. I don't, I don't think it,

like, that hasn't actually been a real big point of controversy, because the idea has just been three digits, four digits. It really just has been like that. You know, it's three digits or four digits. Three digits you're in the nine nine,

four digits you're in, you know, the wider 10K. It hasn't, there was probably a little bit of talk, but it hasn't been a big point of controversy. End of the day, the market deems what's valuable or not.

And they've deemed the three digits more valuable than say, but the 0553 is worth more than 9, 3, 2. You know what I'm saying? It's closer down. Okay. So what about like, I'm seeing a lot of like on the bot sales on Twitter, seeing like emoji sales and also people are talking about hyphens in the YouTube chat. What's going on with all these things?

So. So. Yeah, go for it. Yeah, so the emoji in estimates, those have been around for quite a while. There's some other Discord way back. I'm not sure, you know, what's happening there. I haven't stopped in. But there's always been this little emoji group going on.

The hyphens, they kind of sprung up after everything sold out. I think I might be wrong on that. And, you know, they've been pretty loud with, you know, spreading their group and stuff. We've had some fun scuffles with them. but, you know, ultimately, I believe we added that group back as well to our channel. So, yeah. Also, I believe as we just started this stream, five-digit ENS names have been sold out. So I guess congratulations to the not Dow organization of the 10K club.

Like, you guys have opinions on how fast it's going to take for six-digit ENS names to get sold out? Oof, the Million Club? That's going to be crazy. That's going to, but we encourage it all. We push for it all. The more than marry I go keep mincing, keep going. You know, they're going to be minced eventually. But how long?

I don't know. What do you think, Patrick? I don't know. I mean, I think, I didn't expect 10K to sell out, let alone 5K. So, I mean, I'm sure it's possible. It's probably going to happen. EnS is way different than DNS. But personally, I think the people that are, if you're registering,

random six digit numbers. Like maybe you should go back and, you know, instead of chasing hype, try to look for some gems out there. There's, because just last week, I mean, there's still pretty good domains left like Metaverse sale, sell, selltokens.eath, like weed sale. I've, I registered all those like a week or two ago. So, I mean, if you're registering like 695438.eat, I mean, you know, maybe you should, you know, think for yourself a little bit.

and try to find some gems. So just be careful with it. Right. Even as the 10K club does indeed grow in value and meme power, it doesn't mean that like on the frontiers of this whole movement where people are minting the highest numbers that are available, there are still some ENS domains that are not part of the 10K club that are probably still useful to own.

I think that's the takeaway there. And we talk about those. Like that's part of the alpha chart, you know? It's just in the alpha chat, it's, hey, this is available. why don't we think, I just did this or I just discovered this new thing, right? Like, that's part of the alpha chart, you know, to, the, the idea is just to push EnS education, push ENS alpha and just keep being DGENs, you know? So what would you say is the relationship between members of the 10K club and ENS token holders?

Like, obviously, there's going to be more overlap than typical. But, like, is there strong alignment between ENS Dow and the 10K club? or is it or is it the ENS Dow just something that just speculates on ENS and helps the ENS grow its treasury? Patrick, I'll throw that one. Yeah, the, the ENS Dow,

I mean, that's separate. That's completely separate from the 10K club. Like we're not, not related at all. You know, that's their treasury from like the domain registrations and renewals and whatnot. And that's how they fund their development of the protocol and whatever else they do.

But since this whole movement has started, like, ENS prices, I think, like, almost 2xed. And I definitely think it's because of the shenanigans going on in the 10K club, right? Definitely. Yeah, it kind of sparked a movement. And a lot of, like, millions, I think millions of dollars I've gone into that, though. In my opinion, mainly because of the 10K club sparking that movement. So bullish Eanna. If you're bullish 10K, you're also bullish ENS.

You think that that is a viable strategy to get exposure to the 10K club, but if NFTs scare you, you might want to do an ERC 20 token, maybe just buy ENS? I'm not really sure. I wouldn't really recommend it that way, but it's a little hard to. Well, awesome, guys.

Yeah, go for it, Leo. I was just going to say the other really cool thing about, you know, dot-eath domains as a whole, but even with digits is that you can have them, you know, represent you, whilst also moving from NFT project to project changing that profile picture. You know what I'm saying?

It's like on it's a little league on its own. I can have five, six, two, and then have a board eight, you know, and as is my profile picture. So it's kind of like a double, double flex, double representation, double a way to explain who you are and represent yourself in this growing space.

I will have to say when I first learned of this whole movement, I immediately went to go check if 1-1-1-8 was available because that's the number of my crypto punk right there. And no, indeed, it was not. But I did find a four digit that is available, which I'm going to go. I have to find that number. Leo, Patrick, 713562.Eath.

Guys, thank you so much. Are there any other thoughts or comments that you want to leave the 10K club community and the broader bankless nation with? Leo, any thoughts from you? I probably say this is just my belief, this is my opinion, that it's just really the beginning. It really is the beginning. And we have the power as a community.

to decide where this thing goes. The potential is, we can't even say, because look what we've done in the matter of eight to ten days, started with minting three digits to all 100K digits mined out, and this incredible community that's being formed. We're still going through hiccups, where we're finding our way as a community, but the storm will settle and we'll eventually be,

we're going to have something very beautiful at the end of this. Personally for myself, 713, a lot of 999s and 10K members, we've been putting in 8 to 10 hour days, barely sleeping. I'm in Australia, so all the activity happens when I sleep. So I've been staying now, barely sleeping to give back to this community out of love. Where does that come from? Does that come from? I mean, I just have two, three digits.

That's cool. But I could just chill on them and get someone else to increase value. It comes from a passion that you have for a community, is something really, really special that we have going on. So that's my final remarks, really the beginning and stick around and I have a feeling it's going to be awesome six months from now. Patrick? Any thoughts from you? Yeah, I just wanted to mention, don't overexpose yourself.

It's all speculative. Anything can happen. If you want to take profits, you know, don't feel bad doing so. I did. I told them when I three digits at three-eath. I mean, you know, obviously not a great play, but I'm still glad. like profit is profit. So what's the three digit floor right now?

I think it is like 14 or 15, 15, 8th. Yeah, something like that. All right. All right. Sorry to catch you off at 713 anymore. That's fine. Yeah, I just, again, seek out education. You know, there's a lot of ENS tutorials and education.

So you own more than just a number. Remember that? Well, awesome, guys. Thank you so much for helping me unpack. this whole crazy world of this not Dow thing that's going on. The 10K Club. Maybe the 10K club of the Metaverse. So maybe it is the new status single.

Status single is the new bottom-up org, the center of a very big set of concentric circles of much larger numbers. So 713-562, thank you for coming on and helping me get this Alpha League episode out the door. Thank you. Thank you for having us, big fans. Awesome.

Cheers, guys. There are some links in the show notes that are not there yet, but I will put them there, things that are like explorers around the ENS ecosystem and tools that you can check out. If you want to speculate in the dangerous game of speculation,

they will be available to you. But of course, this is not financial advice. ETH is risky. Defi is risky. The 10K club, also risky. You can lose what you put in. We are headed west. We're on the frontier.

It's not for everyone, but we're glad you're with us on the bankless journey. Thanks a lot.