Engine Ticking noise

Ticking noise

Hey guys, I've recently been getting this ticking noise from my engine. Every time I accelerate I hear the ticking noise, and it tends to speed up as the rpms increase. I was thinking my distribuitor could be at fault, maybe having some current drain? What else can I look for? I have new plugs, new wires, car runs fine. I also calibrated the valves and during idle is very quiet.

Oh also, when I start it up in the morning and start driving, if I give it half to full throttle, exhaust sounds like "blob blob blob blob" like a V8 engine sound, haha it's funny. What can be wrong there? I was thinking maybe engine still too cold, since after 5-10 minutes it goes normal.

Thanks!