1
00:00:01,040 --> 00:00:03,960
Speaker 1: Why would somebody like centransilation because it probably doesn't make

2
00:00:04,000 --> 00:00:06,360
Speaker 1: sense in a lot of situations. Right, And if you

3
00:00:06,400 --> 00:00:08,760
Speaker 1: live in the developed world, like a lot of people do,

4
00:00:09,680 --> 00:00:12,200
Speaker 1: especially those that are purchasing n FPS, we live in

5
00:00:12,240 --> 00:00:15,000
Speaker 1: a society that's based off the endorsement models. Right, Like

6
00:00:15,240 --> 00:00:18,000
Speaker 1: you go to the bank, You're happy you're banking with ship.

7
00:00:18,120 --> 00:00:20,560
Speaker 1: You're happy you're banking with Bank of America because that

8
00:00:20,720 --> 00:00:24,680
Speaker 1: is a standard and a symbol of transparency and a

9
00:00:24,800 --> 00:00:27,480
Speaker 1: symbol of, like, you know, a certain level of service

10
00:00:27,520 --> 00:00:30,360
Speaker 1: that you can expect to have from these parties. You

11
00:00:30,400 --> 00:00:32,760
Speaker 1: go to West Africa, you go to undevelop the parts

12
00:00:32,800 --> 00:00:37,120
Speaker 1: of the world, you don't have that same luxury. I'm

13
00:00:37,159 --> 00:00:41,640
Speaker 1: will Lucas, Mrs Black Tech, green money. I'm gonna into

14
00:00:41,720 --> 00:00:43,400
Speaker 1: to use some of the biggest names, some of the

15
00:00:43,440 --> 00:00:47,000
Speaker 1: brightest mines and brilliant ideas. I feel black and building

16
00:00:47,200 --> 00:00:50,280
Speaker 1: simply using tech to secure your bank. This podcast is

17
00:00:50,320 --> 00:00:58,240
Speaker 1: for you, Solo se says, chief operating officer and co

18
00:00:58,360 --> 00:01:03,200
Speaker 1: founder of Calaxy, open social marketplace for creators by creators

19
00:01:03,240 --> 00:01:06,839
Speaker 1: that aims to reimagine the entertainment industry and fundamental ways

20
00:01:07,120 --> 00:01:10,440
Speaker 1: which we all interact with digitally. I'm at solo in

21
00:01:10,480 --> 00:01:13,400
Speaker 1: person to April Tech Exact Miami, where he spent a

22
00:01:13,440 --> 00:01:15,959
Speaker 1: lot of time talking about how the metaverse will change

23
00:01:16,000 --> 00:01:20,200
Speaker 1: the game for influencers and marketers a solo. If he

24
00:01:20,240 --> 00:01:22,160
Speaker 1: were to zoom, I would say three to five years

25
00:01:22,160 --> 00:01:25,240
Speaker 1: from now, how might the metaverse change our lives in

26
00:01:25,280 --> 00:01:29,959
Speaker 1: tangible ways? What will be different and say than it

27
00:01:30,080 --> 00:01:32,760
Speaker 1: is right now? Yeah, I mean, I think from my perspective,

28
00:01:33,640 --> 00:01:35,800
Speaker 1: the metaverse is something we've been working towards for the

29
00:01:35,880 --> 00:01:38,240
Speaker 1: last couple of decades, right you think about it, with

30
00:01:38,280 --> 00:01:41,800
Speaker 1: the rise of social media within itself or Xbox Live

31
00:01:42,000 --> 00:01:45,160
Speaker 1: or gaming platforms, online gaming and the bloom that we've

32
00:01:45,200 --> 00:01:48,000
Speaker 1: seen over the last couple of decades, the metaverse is

33
00:01:48,040 --> 00:01:50,280
Speaker 1: something that's been here for a while. I think we're

34
00:01:50,280 --> 00:01:52,960
Speaker 1: just seeing new use cases of technology and the integration

35
00:01:53,000 --> 00:01:56,240
Speaker 1: with blockchain and how powerful it really can be in

36
00:01:56,360 --> 00:01:59,880
Speaker 1: terms of putting together more collaboration and allowing for those

37
00:02:00,000 --> 00:02:02,600
Speaker 1: coptunities to happen. So when I zoom out five years,

38
00:02:02,960 --> 00:02:05,760
Speaker 1: I think that the metaverse is gonna be very key

39
00:02:05,880 --> 00:02:07,360
Speaker 1: to the way in which that we meet with people,

40
00:02:07,520 --> 00:02:10,000
Speaker 1: the way we collaborate, the way it waits. The world smaller.

41
00:02:10,040 --> 00:02:12,400
Speaker 1: If you've looked at the world, you know, the history

42
00:02:12,440 --> 00:02:15,040
Speaker 1: of the world from the beginning of the time UM,

43
00:02:15,120 --> 00:02:18,480
Speaker 1: the world has continually became a smaller and smaller place UM,

44
00:02:18,520 --> 00:02:23,000
Speaker 1: which has created many pathways to more collaboration UM and

45
00:02:23,040 --> 00:02:25,720
Speaker 1: integrations and things like that. So I think we're gonna

46
00:02:25,760 --> 00:02:28,320
Speaker 1: see meta versus be a lot more interoferable. I think

47
00:02:28,320 --> 00:02:31,440
Speaker 1: that's the next step. UM. You know where you're you know,

48
00:02:31,720 --> 00:02:35,320
Speaker 1: personality and image is helpful in one place, leveraging it

49
00:02:35,360 --> 00:02:38,480
Speaker 1: to another place and just that interoperability aspect um that

50
00:02:38,600 --> 00:02:41,240
Speaker 1: is so easily achieved from blockchain is kind of what

51
00:02:41,280 --> 00:02:43,239
Speaker 1: I can expect us to see in the short to

52
00:02:43,400 --> 00:02:45,799
Speaker 1: medium term. But UM, you know, it's definitely something that's

53
00:02:45,840 --> 00:02:48,400
Speaker 1: here to stay. But quite honestly, I think the misconception

54
00:02:48,440 --> 00:02:51,200
Speaker 1: at the moment is it's something that's new. UM. It's

55
00:02:51,240 --> 00:02:53,440
Speaker 1: definitely been something that's been a pinnacle of the way

56
00:02:53,480 --> 00:02:56,480
Speaker 1: in which that we've you know, grown up with technology

57
00:02:56,520 --> 00:02:59,360
Speaker 1: and you see kids nowadays, I think they will only

58
00:02:59,400 --> 00:03:02,480
Speaker 1: know a world UM that is integrated with a metaverse.

59
00:03:02,600 --> 00:03:05,359
Speaker 1: Right my little brother who is seventeen in high school now,

60
00:03:05,400 --> 00:03:07,880
Speaker 1: like they're very very you know, gen z e ars

61
00:03:07,919 --> 00:03:10,840
Speaker 1: are very into the Internet, They're very into the world.

62
00:03:10,840 --> 00:03:13,720
Speaker 1: They're into their virtual personalities and things like that. Um,

63
00:03:13,720 --> 00:03:15,200
Speaker 1: so I think we're going to continue to see more

64
00:03:15,200 --> 00:03:17,560
Speaker 1: of that in the future. You've done this a couple

65
00:03:17,600 --> 00:03:20,440
Speaker 1: of times in that statement. I don't think people appreciate

66
00:03:20,480 --> 00:03:23,400
Speaker 1: this enough. But you talk about the metaverse in the plural.

67
00:03:24,120 --> 00:03:26,320
Speaker 1: When I hear people talk about the metaverse, they talk

68
00:03:26,360 --> 00:03:29,519
Speaker 1: about the metaverse like there will be one that we're

69
00:03:29,560 --> 00:03:32,320
Speaker 1: all in. Can you describe why you're using it in

70
00:03:32,400 --> 00:03:38,040
Speaker 1: the plural form? Yeah, I mean, I think the main

71
00:03:38,080 --> 00:03:41,120
Speaker 1: thing is there's it's too early to tell where the

72
00:03:41,400 --> 00:03:43,720
Speaker 1: where the victors will be. And I think the ethos

73
00:03:43,760 --> 00:03:47,440
Speaker 1: of blockchain is really not necessarily about what the best

74
00:03:47,520 --> 00:03:50,240
Speaker 1: investment is or what the best technology is. It's really

75
00:03:50,320 --> 00:03:53,160
Speaker 1: about having use cases for different things. Right. So, like

76
00:03:53,360 --> 00:03:57,680
Speaker 1: the technology that underpins many cryptocurrencies, right, um has a

77
00:03:57,680 --> 00:03:59,800
Speaker 1: lot of use cases that make sense for certain things,

78
00:03:59,840 --> 00:04:02,880
Speaker 1: but not necessarily sense for other things. Right. So extrapolating

79
00:04:02,920 --> 00:04:05,120
Speaker 1: that and thinking about the metaverse, right, I think the

80
00:04:05,160 --> 00:04:09,120
Speaker 1: technology that underpins the metaverse will admittedly be different, whether

81
00:04:09,160 --> 00:04:13,080
Speaker 1: it's coming from different ecosystems or in general that use cases.

82
00:04:13,360 --> 00:04:15,640
Speaker 1: I think what we're gonna see is that convergence into

83
00:04:16,160 --> 00:04:19,440
Speaker 1: essentially sure, there will be one metaverse, but the technology

84
00:04:19,440 --> 00:04:22,160
Speaker 1: that inderpends it. I guess that's definitionally how we've thought

85
00:04:22,200 --> 00:04:25,640
Speaker 1: about the metaverse has been attached to the technology, hence

86
00:04:25,680 --> 00:04:29,040
Speaker 1: the plural nature of it. But I think the world

87
00:04:29,200 --> 00:04:32,799
Speaker 1: will only be as successful or as like the best

88
00:04:32,800 --> 00:04:35,640
Speaker 1: place to be will be when there's that collaboration that happens,

89
00:04:35,680 --> 00:04:38,880
Speaker 1: so interoperability something that's really big and Web three right now, um,

90
00:04:38,920 --> 00:04:41,440
Speaker 1: and so you know, personally, from my standpoint, I would

91
00:04:41,440 --> 00:04:43,920
Speaker 1: say that the biggest uh you know thing that we're

92
00:04:43,920 --> 00:04:46,159
Speaker 1: gonna see in the future is really that convergence of

93
00:04:46,200 --> 00:04:48,719
Speaker 1: all these different metaverse and so it doesn't really matter

94
00:04:49,040 --> 00:04:50,919
Speaker 1: you know, where you're spending money and things like that.

95
00:04:51,000 --> 00:04:53,640
Speaker 1: When I would like to analog it to basically think

96
00:04:53,680 --> 00:04:55,680
Speaker 1: of a credit card, right, so, like you go to

97
00:04:55,720 --> 00:04:58,080
Speaker 1: a bank, you buy you know, you get a credit card,

98
00:04:58,279 --> 00:05:00,400
Speaker 1: you have a line of credit. When you leave the country,

99
00:05:00,440 --> 00:05:03,400
Speaker 1: you're still able to use that credit card, and all

100
00:05:03,480 --> 00:05:05,520
Speaker 1: the stuff that you need to worry about is really

101
00:05:05,560 --> 00:05:07,880
Speaker 1: taking care of on the back end, right, Like you

102
00:05:07,920 --> 00:05:10,039
Speaker 1: don't have to think about Oh, well, I'm in Europe,

103
00:05:10,080 --> 00:05:12,200
Speaker 1: so I need euros, so then buy it's wipe my

104
00:05:12,240 --> 00:05:14,800
Speaker 1: credit card. It just happens, right, And I think that's

105
00:05:14,880 --> 00:05:17,920
Speaker 1: kind of the you know, practicality point of it too.

106
00:05:17,960 --> 00:05:20,479
Speaker 1: But then also like when the world becomes that way,

107
00:05:20,520 --> 00:05:23,360
Speaker 1: that's when you see a rapid adoption of the metamors.

108
00:05:23,360 --> 00:05:25,680
Speaker 1: When it's that simple. The best technology that we have

109
00:05:25,720 --> 00:05:27,359
Speaker 1: and I always say this and no you and I

110
00:05:27,400 --> 00:05:30,200
Speaker 1: were talking about it last time, but the best technology

111
00:05:30,200 --> 00:05:31,960
Speaker 1: in the world has created a convenience factor and it's

112
00:05:32,120 --> 00:05:35,440
Speaker 1: easy to use. It's never been something that's been required

113
00:05:35,480 --> 00:05:39,240
Speaker 1: to use a dictionary or encyclopedia to gain knowledge on it.

114
00:05:39,240 --> 00:05:41,640
Speaker 1: It's something that makes sense right all of us, you know,

115
00:05:41,720 --> 00:05:43,599
Speaker 1: a lot of us drive every single day and we

116
00:05:43,680 --> 00:05:46,640
Speaker 1: don't know what actually happens under the hood of our car.

117
00:05:47,120 --> 00:05:49,560
Speaker 1: Um you turn the key and you press up, right,

118
00:05:49,680 --> 00:05:52,839
Speaker 1: Like technology needs to get to that point for mass adoption.

119
00:05:53,080 --> 00:05:54,440
Speaker 1: It doesn't need to be the case that you need

120
00:05:54,480 --> 00:05:56,480
Speaker 1: to be an engineer to drive a car. So why

121
00:05:56,480 --> 00:05:58,839
Speaker 1: do you need to be a cryptographist or some blockchain

122
00:05:58,920 --> 00:06:01,720
Speaker 1: nerd to really be participate in the meta rise. So

123
00:06:01,760 --> 00:06:03,640
Speaker 1: that's kind of what I mean by interoperability, it's for

124
00:06:03,720 --> 00:06:07,400
Speaker 1: a convenience factor if anything. So, are you saying that

125
00:06:07,440 --> 00:06:10,240
Speaker 1: there may be, you know, a metaverse for work in

126
00:06:10,320 --> 00:06:13,280
Speaker 1: another metaverse to hang out with my buddies, like like

127
00:06:13,400 --> 00:06:15,720
Speaker 1: a group chat sort of metaverse like to where we

128
00:06:15,800 --> 00:06:18,440
Speaker 1: just all have access to this one, but there may

129
00:06:18,440 --> 00:06:20,479
Speaker 1: be another one that I hang out with family on.

130
00:06:20,839 --> 00:06:22,720
Speaker 1: Are you are you? Are you saying that it may

131
00:06:22,760 --> 00:06:26,719
Speaker 1: be that sort of situation where there's several different things

132
00:06:28,279 --> 00:06:31,200
Speaker 1: I would say from your from the perspective of us,

133
00:06:31,320 --> 00:06:33,040
Speaker 1: it won't really matter, Like I think there will be

134
00:06:33,200 --> 00:06:37,479
Speaker 1: enough interoperability and integration to the point where everything happened seamlessly.

135
00:06:37,600 --> 00:06:41,120
Speaker 1: So even if in theory you're switching metaverse is like

136
00:06:41,320 --> 00:06:45,120
Speaker 1: your user experience, your journey as a person will be

137
00:06:45,360 --> 00:06:48,440
Speaker 1: remain constant, right Like, So that's kind of what I'm

138
00:06:48,440 --> 00:06:50,360
Speaker 1: getting at, Like, I think that's kind of the future

139
00:06:50,440 --> 00:06:53,119
Speaker 1: of this technology is when it's as simple as plug

140
00:06:53,160 --> 00:06:55,440
Speaker 1: in play. Um, you know, no matter where you are,

141
00:06:55,680 --> 00:06:57,640
Speaker 1: you buy a pair of air pods, it doesn't matter

142
00:06:57,640 --> 00:07:00,599
Speaker 1: if you have this iPhone, that iPhone, that whatever. You

143
00:07:00,640 --> 00:07:03,839
Speaker 1: can use them everywhere, right Like, interoperability is what I'm

144
00:07:04,000 --> 00:07:06,039
Speaker 1: talking about, Yes, I look at so I have little

145
00:07:06,200 --> 00:07:09,520
Speaker 1: kids and I watched them grow up in this world

146
00:07:09,640 --> 00:07:13,400
Speaker 1: where they would rather have And I'm kind of diverging

147
00:07:13,440 --> 00:07:15,800
Speaker 1: from just metaverse but also n f T s and

148
00:07:15,840 --> 00:07:18,760
Speaker 1: things like that. I would I would bet you if

149
00:07:18,800 --> 00:07:22,880
Speaker 1: I handed them a twenty dollar bill and twenty in roebucks,

150
00:07:23,320 --> 00:07:27,360
Speaker 1: they would have a difficult time picking which one is

151
00:07:27,400 --> 00:07:31,920
Speaker 1: more valuable to them. And so what would you say

152
00:07:31,960 --> 00:07:35,120
Speaker 1: about because you just talked about this, We're already familiar

153
00:07:35,160 --> 00:07:37,160
Speaker 1: with the metaverse has been here for some time in

154
00:07:37,280 --> 00:07:41,200
Speaker 1: some other forms, but with the generation that is coming up,

155
00:07:41,200 --> 00:07:43,520
Speaker 1: in the generation now your yours in mind, where we

156
00:07:43,600 --> 00:07:48,480
Speaker 1: are getting adopted to this thing, what does that world

157
00:07:48,560 --> 00:07:50,880
Speaker 1: look like? Are we spending most of our days with

158
00:07:51,000 --> 00:07:57,559
Speaker 1: goggles on? And is that what it looked like? Uh? Yeah,

159
00:07:57,640 --> 00:08:01,400
Speaker 1: I mean I think this is an interesting question just

160
00:08:01,480 --> 00:08:03,040
Speaker 1: because of the fact that it kind of gives you

161
00:08:03,080 --> 00:08:05,920
Speaker 1: Big brother Rob's right, Like you're really wondering about what

162
00:08:05,960 --> 00:08:08,480
Speaker 1: the world really looks like. Are we ever gonna have

163
00:08:08,680 --> 00:08:10,920
Speaker 1: human the human interaction again? And I think, you know,

164
00:08:11,040 --> 00:08:12,800
Speaker 1: just like with anything, I think there are use in

165
00:08:12,840 --> 00:08:15,880
Speaker 1: cer technology that makes sense, um all the time. Just

166
00:08:15,880 --> 00:08:17,560
Speaker 1: because you have a car doesn't mean it's the best

167
00:08:17,600 --> 00:08:19,680
Speaker 1: thing for you to do, like to drive from New

168
00:08:19,720 --> 00:08:22,480
Speaker 1: York to l A. Like you'll probably hop on a plane, right, So, like,

169
00:08:22,680 --> 00:08:25,640
Speaker 1: I think you just take it that way, Um, you know,

170
00:08:25,720 --> 00:08:27,560
Speaker 1: you take it one step at a time and kind

171
00:08:27,560 --> 00:08:30,440
Speaker 1: of see what the use cases developed. And the beautiful

172
00:08:30,520 --> 00:08:32,600
Speaker 1: thing about this space is, at the end of the day,

173
00:08:32,960 --> 00:08:36,320
Speaker 1: the best use cases for the technology haven't been discovered yet,

174
00:08:36,640 --> 00:08:38,120
Speaker 1: right And to like, the way in which that we're

175
00:08:38,160 --> 00:08:40,480
Speaker 1: even thinking about using the metaverse can be very different

176
00:08:40,520 --> 00:08:43,520
Speaker 1: from what actually materializes in the future. And so I

177
00:08:43,520 --> 00:08:46,080
Speaker 1: think right now the most important thing is for people,

178
00:08:46,360 --> 00:08:48,640
Speaker 1: you know, like us, people of color, like they really

179
00:08:48,640 --> 00:08:51,439
Speaker 1: need to embrace these technologies and kind of become early

180
00:08:51,440 --> 00:08:53,960
Speaker 1: adopters of them because they are going to underpin a

181
00:08:54,000 --> 00:08:55,920
Speaker 1: lot of the different things that we do in the future.

182
00:08:56,320 --> 00:08:58,800
Speaker 1: But ultimately, like in terms of what it looks like,

183
00:08:58,840 --> 00:09:01,360
Speaker 1: you know, I think we'll definitely seeing a lot of

184
00:09:01,440 --> 00:09:04,680
Speaker 1: different integrations of it in the workplace and then potentially

185
00:09:04,720 --> 00:09:07,800
Speaker 1: in the social scenes as well. But outside of that, right,

186
00:09:07,840 --> 00:09:10,160
Speaker 1: like when you're thinking about grocery shopping or you're thinking

187
00:09:10,200 --> 00:09:12,839
Speaker 1: about working out, whatever it may be, you know, it

188
00:09:13,360 --> 00:09:15,240
Speaker 1: might be something that would be interesting in terms of

189
00:09:15,240 --> 00:09:18,280
Speaker 1: like what those use cases develop over time. But I'd

190
00:09:18,360 --> 00:09:20,840
Speaker 1: be pretty confident to say that, you know, in the

191
00:09:20,880 --> 00:09:23,440
Speaker 1: next three to five years, you know, we'll be spending

192
00:09:23,440 --> 00:09:26,079
Speaker 1: a lot more time in the metaverse as a general population,

193
00:09:26,120 --> 00:09:28,600
Speaker 1: with the heavy users probably aping into it a lot

194
00:09:28,640 --> 00:09:30,760
Speaker 1: more than others. But now is the time to just

195
00:09:30,760 --> 00:09:33,480
Speaker 1: become aware and really learn about what these technologies could

196
00:09:33,480 --> 00:09:36,520
Speaker 1: be useful for. I'm glad you mentioned that because I wonder,

197
00:09:37,360 --> 00:09:40,360
Speaker 1: particularly around n f T s, are we asking the

198
00:09:40,480 --> 00:09:43,760
Speaker 1: right questions about what they can mean for creators? Because

199
00:09:43,800 --> 00:09:46,439
Speaker 1: I was I was watching, um, you've probably seen this.

200
00:09:46,520 --> 00:09:49,199
Speaker 1: Tiler the creator had you know, a rant about n

201
00:09:49,280 --> 00:09:52,640
Speaker 1: f T s that last week, and he was talking about,

202
00:09:52,679 --> 00:09:54,199
Speaker 1: you know, what is an n f T like when

203
00:09:54,240 --> 00:09:57,360
Speaker 1: he's really outside he's got friends who are building speakers

204
00:09:57,360 --> 00:09:59,520
Speaker 1: by hand, and he's traveling all over the world and

205
00:09:59,600 --> 00:10:04,719
Speaker 1: little little cars, and he's really experiencing life in analog right,

206
00:10:05,000 --> 00:10:07,520
Speaker 1: and his questions like, what isn't n f T when

207
00:10:07,960 --> 00:10:11,080
Speaker 1: we're doing these things for real? And so what my

208
00:10:11,200 --> 00:10:15,520
Speaker 1: question is like, are we asking the right questions about today?

209
00:10:15,600 --> 00:10:18,600
Speaker 1: Are we asking the right questions about the value of

210
00:10:18,800 --> 00:10:25,920
Speaker 1: a digital asset. Yeah, I think the most important thing

211
00:10:25,920 --> 00:10:29,360
Speaker 1: when you think about digital assets is that the idea

212
00:10:29,400 --> 00:10:32,480
Speaker 1: of value in general, like take a step back, have

213
00:10:32,640 --> 00:10:35,679
Speaker 1: to do with what we assigned to it as people. Right,

214
00:10:35,760 --> 00:10:38,000
Speaker 1: Like at the end of the day, like the dollar

215
00:10:38,160 --> 00:10:40,400
Speaker 1: is just paper. It's just like it used to be

216
00:10:40,440 --> 00:10:44,480
Speaker 1: backed by gold, it used to actually be representative, representative

217
00:10:44,520 --> 00:10:47,000
Speaker 1: of something else, but at the moment it's just paper.

218
00:10:47,040 --> 00:10:49,360
Speaker 1: We assigned value to it. And so when you think

219
00:10:49,360 --> 00:10:52,559
Speaker 1: about what we assigned value on generally as a side

220
00:10:52,720 --> 00:10:55,480
Speaker 1: society is over the last two decades, like I've been

221
00:10:55,520 --> 00:10:58,160
Speaker 1: pointing to before, is we've assigned more value to what

222
00:10:58,200 --> 00:11:00,679
Speaker 1: we've seen behind our screens and in the virtual world

223
00:11:00,840 --> 00:11:04,760
Speaker 1: than we had you know, the previous years before, right,

224
00:11:04,800 --> 00:11:06,200
Speaker 1: And so when you think about n f T s,

225
00:11:06,200 --> 00:11:08,720
Speaker 1: I think they fall in that same bucket where you know,

226
00:11:08,800 --> 00:11:11,280
Speaker 1: I think in one vein yes, like I think digital

227
00:11:11,280 --> 00:11:13,040
Speaker 1: assets are going to have a value just because of

228
00:11:13,080 --> 00:11:15,680
Speaker 1: the fact that they're you know, digital assets. But I

229
00:11:15,720 --> 00:11:18,600
Speaker 1: think the utility argument is going to be what becomes

230
00:11:18,720 --> 00:11:21,840
Speaker 1: very key and helps, I guess, allows people to really

231
00:11:21,920 --> 00:11:25,800
Speaker 1: understand even though it's not a situation or a concept

232
00:11:25,880 --> 00:11:29,280
Speaker 1: that we're that's you know, all that new or unfamiliar right,

233
00:11:29,320 --> 00:11:31,480
Speaker 1: Like like I was saying before dollars or what we

234
00:11:31,520 --> 00:11:34,040
Speaker 1: assign them, and we seem to accept that and accept

235
00:11:34,080 --> 00:11:36,280
Speaker 1: that as commonplace. There will be a time where n

236
00:11:36,320 --> 00:11:38,000
Speaker 1: f T has become that as well. But you know,

237
00:11:38,120 --> 00:11:42,520
Speaker 1: in this sort of pivotal transitional inflection point of time, UM,

238
00:11:42,559 --> 00:11:44,120
Speaker 1: I think what's gonna happen is you're gonna see the

239
00:11:44,200 --> 00:11:46,559
Speaker 1: utility argument grill where you're gonna see that use of

240
00:11:46,600 --> 00:11:48,760
Speaker 1: the n T as an actual good or something that's

241
00:11:48,760 --> 00:11:51,000
Speaker 1: helpful in your life and that will allow you to

242
00:11:51,080 --> 00:11:54,840
Speaker 1: bring some sort of tangible value to you. Um. I

243
00:11:54,880 --> 00:11:58,320
Speaker 1: think that in conjunction with us understanding about how we

244
00:11:58,400 --> 00:12:01,360
Speaker 1: really assigned value to things as a society is like

245
00:12:01,400 --> 00:12:03,800
Speaker 1: super important. Um And so like I think what the

246
00:12:03,840 --> 00:12:06,160
Speaker 1: most important thing is like as a as a creator,

247
00:12:06,520 --> 00:12:08,640
Speaker 1: you understanding all the I P that you sit on

248
00:12:08,720 --> 00:12:10,800
Speaker 1: in all of these different things. This is the most

249
00:12:10,800 --> 00:12:14,920
Speaker 1: efficient way for you to monetize your intellectual property on

250
00:12:15,000 --> 00:12:20,160
Speaker 1: a perpetual basis. That is super important. And collectiles the creator,

251
00:12:20,559 --> 00:12:23,440
Speaker 1: they have such a big following, they're already you know,

252
00:12:23,679 --> 00:12:25,880
Speaker 1: have such a status about them that they're probably able

253
00:12:25,880 --> 00:12:28,040
Speaker 1: to do all right for them though, But the real

254
00:12:28,160 --> 00:12:31,360
Speaker 1: kicker is when you have mid creator, middle labs, people

255
00:12:31,400 --> 00:12:33,559
Speaker 1: that are you know, looking. I don't know if people

256
00:12:33,640 --> 00:12:36,480
Speaker 1: do research these days, but the amount of people that

257
00:12:36,559 --> 00:12:39,360
Speaker 1: make their primary means of income off of the Internet

258
00:12:39,640 --> 00:12:42,440
Speaker 1: has skyrocketed over the last five to ten years. So

259
00:12:42,600 --> 00:12:45,640
Speaker 1: for those people that aren't rich, like those people that

260
00:12:45,920 --> 00:12:47,600
Speaker 1: you know have been able to create a life for

261
00:12:47,640 --> 00:12:50,760
Speaker 1: themselves on the internet their influencers, but they may have

262
00:12:50,880 --> 00:12:54,040
Speaker 1: trouble paying their bills. Like that's why this technology is

263
00:12:54,040 --> 00:12:57,840
Speaker 1: super important for them, right. It recreates and it basically

264
00:12:57,880 --> 00:13:02,400
Speaker 1: makes the situation way more equitable for those people where

265
00:13:02,400 --> 00:13:06,440
Speaker 1: it's actually counts. You know, you mentioned that you know

266
00:13:06,520 --> 00:13:08,920
Speaker 1: when things become easy to use, and you don't have

267
00:13:08,960 --> 00:13:11,480
Speaker 1: to be a computer scientist to understand that. That's when things,

268
00:13:11,480 --> 00:13:14,280
Speaker 1: you know, get that mainstream adoption, et cetera. And I

269
00:13:14,400 --> 00:13:18,360
Speaker 1: wonder if p FPS these profile pictures sorts of n

270
00:13:18,440 --> 00:13:21,560
Speaker 1: f T s are just an easy way for us

271
00:13:21,600 --> 00:13:24,720
Speaker 1: to understand what it can do. Because you mentioned utility,

272
00:13:24,840 --> 00:13:27,920
Speaker 1: so I wonder, like, is is the p FP the

273
00:13:28,000 --> 00:13:31,760
Speaker 1: board ape, the crypto, the crypto punk, the you know,

274
00:13:31,840 --> 00:13:34,720
Speaker 1: pick a pick one a noun or whatever. Are they

275
00:13:34,880 --> 00:13:39,040
Speaker 1: just like one oh one levels of what an n

276
00:13:39,080 --> 00:13:43,679
Speaker 1: f T really can mean for us. Absolutely, those are

277
00:13:43,800 --> 00:13:46,440
Speaker 1: the entry points. And I think when people ask you

278
00:13:46,480 --> 00:13:48,040
Speaker 1: about what an n f T is, right, Like, I

279
00:13:48,040 --> 00:13:50,680
Speaker 1: think people will get very confused right there, like what

280
00:13:50,840 --> 00:13:52,439
Speaker 1: is an m T? And then I think you step

281
00:13:52,480 --> 00:13:54,559
Speaker 1: back and you explain what the difference and you fungible

282
00:13:54,559 --> 00:13:56,840
Speaker 1: in a non fungible asset. And then you take a

283
00:13:56,880 --> 00:13:59,520
Speaker 1: step forward and you're like, Okay, why do I care

284
00:13:59,559 --> 00:14:01,760
Speaker 1: about this digital image that I could easily take a

285
00:14:01,800 --> 00:14:04,640
Speaker 1: screenshot of? Right? And the fact of the matter is

286
00:14:04,679 --> 00:14:07,240
Speaker 1: it's really the idea of ownership and be able to

287
00:14:07,280 --> 00:14:10,600
Speaker 1: prove it. Bragging rights. That's humanity, right, Like we all

288
00:14:10,720 --> 00:14:13,800
Speaker 1: love to brag about all the stuff that we do

289
00:14:14,040 --> 00:14:17,160
Speaker 1: own and everything that we're associated with. That's just human nature.

290
00:14:17,360 --> 00:14:21,040
Speaker 1: And so profile picture verification basically the idea of having

291
00:14:21,480 --> 00:14:23,640
Speaker 1: you know, verified n f T s as your profile

292
00:14:23,680 --> 00:14:26,920
Speaker 1: picture is a sense status, right, That's what people really

293
00:14:26,920 --> 00:14:29,320
Speaker 1: care about. And so like, if you can go and

294
00:14:29,360 --> 00:14:31,040
Speaker 1: make it your profile picture, two, can you took a

295
00:14:31,160 --> 00:14:33,720
Speaker 1: screenshot of it? That's very different than the person that

296
00:14:33,760 --> 00:14:36,480
Speaker 1: if you click their in tells all the meta day

297
00:14:36,520 --> 00:14:39,720
Speaker 1: about this actual mpy that you own. Right, that's like

298
00:14:39,760 --> 00:14:42,320
Speaker 1: the equivalent of basically going to a museum, finding the

299
00:14:42,400 --> 00:14:44,760
Speaker 1: Mona Lisa and taking a picture of it. Great, you

300
00:14:44,800 --> 00:14:47,160
Speaker 1: have a picture of the Mona Lisa. So does everybody else.

301
00:14:47,240 --> 00:14:50,400
Speaker 1: But that person that can actually say they verifiably own

302
00:14:50,520 --> 00:14:52,680
Speaker 1: this sort of asset is going to be able to

303
00:14:52,680 --> 00:14:54,920
Speaker 1: say something that you could never say. Right. So, I

304
00:14:54,960 --> 00:14:58,400
Speaker 1: think seeing more avenues like that pop up, we'll add

305
00:14:58,440 --> 00:15:01,400
Speaker 1: that utility argument, which kind of makes the NFP something

306
00:15:01,440 --> 00:15:03,880
Speaker 1: that's useful. Now it's a bragging right now, it's an item.

307
00:15:04,120 --> 00:15:07,120
Speaker 1: And then also when you think about those projects, their clubs,

308
00:15:07,120 --> 00:15:10,240
Speaker 1: so their access, right it allows you to have access

309
00:15:10,240 --> 00:15:12,360
Speaker 1: to certain things and be able to say certain things

310
00:15:12,400 --> 00:15:15,920
Speaker 1: that other people fundamentally can people are there are people

311
00:15:15,920 --> 00:15:18,800
Speaker 1: out there that are belonging to country clubs that never

312
00:15:18,840 --> 00:15:21,720
Speaker 1: frequent or visit them, but just want to be able

313
00:15:21,760 --> 00:15:23,880
Speaker 1: to say I'm a part of this club, right. So

314
00:15:23,960 --> 00:15:25,960
Speaker 1: this is all human nature, and so I think when

315
00:15:26,000 --> 00:15:28,400
Speaker 1: people are trying to make sense of this, try to

316
00:15:28,440 --> 00:15:31,680
Speaker 1: create analogs to the normal life that you will understand,

317
00:15:32,120 --> 00:15:35,520
Speaker 1: to try and understand for something that it's completely not

318
00:15:35,640 --> 00:15:37,640
Speaker 1: like or something that's different, right, And so I think

319
00:15:37,640 --> 00:15:39,320
Speaker 1: those are a few things that you really think about it,

320
00:15:39,360 --> 00:15:41,040
Speaker 1: and then you think about, you know, the idea of

321
00:15:41,120 --> 00:15:44,280
Speaker 1: that access being pinned too, like an event or something

322
00:15:44,320 --> 00:15:47,400
Speaker 1: like a physical item or an experience that you can

323
00:15:47,400 --> 00:15:49,240
Speaker 1: really get, and then you really see the true power

324
00:15:49,240 --> 00:15:52,040
Speaker 1: of entities UM a bunch, you know, and then five

325
00:15:52,120 --> 00:15:54,320
Speaker 1: years down the line, I might rewatch this, might rewatch

326
00:15:54,360 --> 00:15:56,280
Speaker 1: this and be like wow. So I really only talked

327
00:15:56,280 --> 00:15:59,360
Speaker 1: about you know, five of this actually ended up being

328
00:15:59,360 --> 00:16:03,120
Speaker 1: worth you know that I'm interested in your take on

329
00:16:03,280 --> 00:16:07,680
Speaker 1: this UM idea because and it's particularly around the investment

330
00:16:07,760 --> 00:16:11,840
Speaker 1: thesis around you know, crypto Punk's board ape and et cetera.

331
00:16:12,240 --> 00:16:14,560
Speaker 1: Because I was thinking about n f T s and

332
00:16:14,640 --> 00:16:16,400
Speaker 1: you know, you can anybody can go to Open Sea,

333
00:16:16,440 --> 00:16:18,920
Speaker 1: which we talk a lot about on this show, and

334
00:16:19,200 --> 00:16:21,520
Speaker 1: you know, find something they may want to buy, something

335
00:16:21,560 --> 00:16:24,800
Speaker 1: they want to invest in. And for the longest time,

336
00:16:24,960 --> 00:16:28,080
Speaker 1: I would not buy an n f T if it

337
00:16:28,280 --> 00:16:30,880
Speaker 1: was not stored in like I p f S or

338
00:16:31,360 --> 00:16:34,720
Speaker 1: you know off you know, outside of somebody's you know,

339
00:16:34,960 --> 00:16:37,880
Speaker 1: a w S server or whatever wherever they're serving it.

340
00:16:37,880 --> 00:16:40,200
Speaker 1: Because I was you know, cautious around the idea of

341
00:16:40,240 --> 00:16:42,080
Speaker 1: a rock plot. This thing could go away. You know,

342
00:16:42,160 --> 00:16:45,440
Speaker 1: it wasn't decentralized. It was stored on somebody's central you

343
00:16:45,480 --> 00:16:50,000
Speaker 1: know thing. And I wonder, I had to rethink that

344
00:16:50,120 --> 00:16:53,320
Speaker 1: because I'm thinking, why does it have to last forever?

345
00:16:53,400 --> 00:16:55,480
Speaker 1: Why does it have to be you know, immutable? Why

346
00:16:55,480 --> 00:16:59,360
Speaker 1: does it have to If I may not care about

347
00:16:59,360 --> 00:17:01,400
Speaker 1: this thing five just now, I may want to sell it,

348
00:17:01,480 --> 00:17:03,680
Speaker 1: like does it have to be on I p f S?

349
00:17:03,760 --> 00:17:06,359
Speaker 1: Does it have to be on the Interplanetary file System?

350
00:17:06,400 --> 00:17:08,600
Speaker 1: And I wonder what your thought is when you might

351
00:17:08,640 --> 00:17:10,560
Speaker 1: be buying a n f T. Do you care much

352
00:17:10,600 --> 00:17:19,600
Speaker 1: about where it's stored? I have personally care where it's stored. Um,

353
00:17:19,720 --> 00:17:21,680
Speaker 1: but I'm pretty deep in this space. But I think

354
00:17:22,280 --> 00:17:24,600
Speaker 1: in the rise of security, and I think, you know,

355
00:17:24,800 --> 00:17:27,040
Speaker 1: I think it's interesting because I think for me, as

356
00:17:27,080 --> 00:17:30,280
Speaker 1: a blockchain enthusiast, somebody that's very deep in this space,

357
00:17:30,359 --> 00:17:33,920
Speaker 1: the idea of decentralization really resonates to me also being

358
00:17:33,960 --> 00:17:36,920
Speaker 1: somebody from West Africa and like having a different point

359
00:17:36,960 --> 00:17:40,560
Speaker 1: of view when thinking about decentralization. It's super important, right,

360
00:17:40,600 --> 00:17:42,520
Speaker 1: So like when you take a step back, why would

361
00:17:42,520 --> 00:17:45,240
Speaker 1: somebody like centralization because it probably does make sense in

362
00:17:45,240 --> 00:17:47,679
Speaker 1: a lot of situations, right, And if you live in

363
00:17:47,680 --> 00:17:51,000
Speaker 1: the developed world, like a lot of people do, especially

364
00:17:51,040 --> 00:17:53,199
Speaker 1: those that are purchasing n fp s, we live in

365
00:17:53,240 --> 00:17:56,000
Speaker 1: its society that's based off the endorsement model, right, Like

366
00:17:56,240 --> 00:17:59,119
Speaker 1: you go to the bank, You're happy you're banking with Shape.

367
00:17:59,160 --> 00:18:01,560
Speaker 1: You're happy you're banking with Bank of America because that

368
00:18:01,720 --> 00:18:05,720
Speaker 1: is a standard and a symbol of transparency and a

369
00:18:05,800 --> 00:18:08,480
Speaker 1: symbol of, like, you know, a certain level of service

370
00:18:08,520 --> 00:18:11,359
Speaker 1: that you can expect to have from these parties. You

371
00:18:11,440 --> 00:18:13,800
Speaker 1: go to West Africa, you go to undevelop the parts

372
00:18:13,800 --> 00:18:16,679
Speaker 1: of the world, you don't have that same luxury. So like,

373
00:18:16,760 --> 00:18:19,240
Speaker 1: already in my mind, the way in which I think

374
00:18:19,240 --> 00:18:22,000
Speaker 1: about a bank is very different than somebody that grew

375
00:18:22,040 --> 00:18:24,160
Speaker 1: up in the developed world, right, And so I think

376
00:18:24,240 --> 00:18:27,200
Speaker 1: what we're seeing and obviously you see now Latin American country,

377
00:18:27,240 --> 00:18:29,440
Speaker 1: you see countries in Africa, Nigeria is a very large

378
00:18:29,440 --> 00:18:32,679
Speaker 1: trade of crypto. You have people that are embracing this

379
00:18:32,760 --> 00:18:35,159
Speaker 1: idea of decentralization because you don't have to trust the

380
00:18:35,200 --> 00:18:37,760
Speaker 1: other side of it, right, And so like for me personally,

381
00:18:38,040 --> 00:18:40,560
Speaker 1: that resonates with me. But I think in terms of

382
00:18:40,880 --> 00:18:44,200
Speaker 1: you know, every single user there might be centralized solutions

383
00:18:44,320 --> 00:18:47,000
Speaker 1: or you know, even taking a more step back, the

384
00:18:47,040 --> 00:18:51,360
Speaker 1: idea is centralization and decentralizations and spectrum right, like, you're

385
00:18:51,359 --> 00:18:54,720
Speaker 1: not entirely decentralized, you're not entirely centralized, or you don't

386
00:18:54,720 --> 00:18:57,080
Speaker 1: have to be right, and so in my mind, I

387
00:18:57,119 --> 00:18:59,720
Speaker 1: think everybody kind of lives on that spectrum where they're at.

388
00:19:00,040 --> 00:19:03,080
Speaker 1: For me, it's probably more supposed to decentralization perspective, just

389
00:19:03,119 --> 00:19:05,360
Speaker 1: because I know that the merits of the technology are

390
00:19:05,440 --> 00:19:09,520
Speaker 1: and the tough of my personal I would say for everyone,

391
00:19:09,560 --> 00:19:11,760
Speaker 1: I think you kind of move at your own risk,

392
00:19:11,840 --> 00:19:14,200
Speaker 1: and you could take this, you know, a different level too.

393
00:19:14,240 --> 00:19:16,719
Speaker 1: When you're buying crypto, right, you can buy a crypto

394
00:19:16,880 --> 00:19:21,159
Speaker 1: a decentralized exchange all day or exchange like fp X

395
00:19:21,240 --> 00:19:24,600
Speaker 1: and coin base, Right, I think most people average people

396
00:19:24,760 --> 00:19:27,560
Speaker 1: going to the central exchanges because there's a certain level

397
00:19:27,640 --> 00:19:30,920
Speaker 1: of vetting that happens before you actually buy the asset.

398
00:19:31,720 --> 00:19:33,920
Speaker 1: But I think also just really depends on who you

399
00:19:33,960 --> 00:19:37,439
Speaker 1: are as a person. Out of what I was I

400
00:19:37,480 --> 00:19:39,679
Speaker 1: was reading something you were talking about the idea of

401
00:19:39,720 --> 00:19:41,760
Speaker 1: tokenizing a person and I'm going to ask you to

402
00:19:41,800 --> 00:19:44,680
Speaker 1: dig into this and what that means, because what could

403
00:19:44,680 --> 00:19:48,439
Speaker 1: it look like? You know, because Galaxy, your company, was

404
00:19:48,800 --> 00:19:51,800
Speaker 1: the original idea was, you know, to financially empower NBA

405
00:19:51,880 --> 00:19:55,600
Speaker 1: players to you know, securitize themselves. You know, so when

406
00:19:55,640 --> 00:19:59,080
Speaker 1: you realize that this could work for more people other

407
00:19:59,119 --> 00:20:01,760
Speaker 1: than just b A players, like, what does it mean

408
00:20:02,480 --> 00:20:08,480
Speaker 1: to tokenize a person? Yeah, So in my previous life,

409
00:20:08,520 --> 00:20:11,680
Speaker 1: I was an investment banker. I worked in securitization, and

410
00:20:11,920 --> 00:20:14,679
Speaker 1: you know, in securitization, as people probably have seen from

411
00:20:14,720 --> 00:20:17,679
Speaker 1: The Big Short and a lot of other financial movies

412
00:20:17,720 --> 00:20:20,479
Speaker 1: that were about the financial crisis, he learned about um

413
00:20:20,640 --> 00:20:23,240
Speaker 1: the different ways in which people have used securitization technology

414
00:20:23,480 --> 00:20:25,960
Speaker 1: to do really cool things and unlock trapped liquidity and

415
00:20:26,080 --> 00:20:29,880
Speaker 1: assets that are traditionally liquid UM. So I think when

416
00:20:29,880 --> 00:20:32,400
Speaker 1: you think about something like an NBA contrast, it's something

417
00:20:32,400 --> 00:20:34,680
Speaker 1: that you're pretty dependent on the cash loow streams coming

418
00:20:34,680 --> 00:20:37,280
Speaker 1: in over a period of time to access that money.

419
00:20:37,359 --> 00:20:40,320
Speaker 1: So if you think about my co founder, Center Dentuity,

420
00:20:40,400 --> 00:20:43,119
Speaker 1: he plays on the Dallas Mavericks, now UM you know

421
00:20:43,200 --> 00:20:46,160
Speaker 1: him that the person could unlock that trop liquidity by

422
00:20:46,200 --> 00:20:49,000
Speaker 1: tokenizing himself right. And so what we did is a

423
00:20:49,000 --> 00:20:52,359
Speaker 1: couple of years ago, we went into a battle with

424
00:20:52,440 --> 00:20:55,080
Speaker 1: the NBA. We actually ended up getting sued for him

425
00:20:55,200 --> 00:20:58,320
Speaker 1: tokenizing himself UM. The reason why they sued, or the

426
00:20:58,560 --> 00:21:00,879
Speaker 1: reason why they were upset about doing that because they

427
00:21:00,880 --> 00:21:04,359
Speaker 1: weren't fully aware about what the use of the technology

428
00:21:04,440 --> 00:21:06,199
Speaker 1: was and they were worried about the intentive issues that

429
00:21:06,200 --> 00:21:09,159
Speaker 1: could come with a player getting paid up front versus

430
00:21:09,440 --> 00:21:11,080
Speaker 1: later on. So we ended up moving to a bond

431
00:21:11,160 --> 00:21:14,199
Speaker 1: like structure through a securitization UM. And I think what

432
00:21:14,280 --> 00:21:16,560
Speaker 1: that really allowed us to be is really empower the

433
00:21:16,600 --> 00:21:19,480
Speaker 1: creators and the assets that they are themselves. And so

434
00:21:19,520 --> 00:21:21,280
Speaker 1: when you think about, you know, back in the day,

435
00:21:21,280 --> 00:21:23,000
Speaker 1: when you close your eyes, there were people, you know,

436
00:21:23,080 --> 00:21:27,240
Speaker 1: even when I was citing um and banking ver there um,

437
00:21:27,280 --> 00:21:29,360
Speaker 1: there were people wondering about, how would you ever tokenized

438
00:21:29,440 --> 00:21:32,119
Speaker 1: Lebron James, Like he's so famous, he's so big as

439
00:21:32,160 --> 00:21:36,240
Speaker 1: a person, Like how probably veria, how you Lebron James

440
00:21:36,280 --> 00:21:38,240
Speaker 1: as a person. And that was kind of the first

441
00:21:38,240 --> 00:21:40,800
Speaker 1: step in really us doing that. And so like we

442
00:21:40,920 --> 00:21:44,879
Speaker 1: thought that through these tokens or personal tokens, personal tokenization

443
00:21:44,960 --> 00:21:48,080
Speaker 1: that's kind of our first step into eventually having somebody

444
00:21:48,119 --> 00:21:50,840
Speaker 1: like in his Zko Elliott, somebody like a Tiana Taylor,

445
00:21:50,920 --> 00:21:54,399
Speaker 1: somebody that's a very large person with a publicly verifiable

446
00:21:54,400 --> 00:21:57,560
Speaker 1: market cap UM for them to be tokenized UM and

447
00:21:57,600 --> 00:22:00,600
Speaker 1: for people to be able to participate in that ukation

448
00:22:00,600 --> 00:22:02,480
Speaker 1: that is them as the asset. And so that's kind

449
00:22:02,480 --> 00:22:05,359
Speaker 1: of where we started. Eventually moved into the idea of

450
00:22:05,359 --> 00:22:08,080
Speaker 1: monetizing yourself as a creator, and that means a lot

451
00:22:08,080 --> 00:22:10,720
Speaker 1: of different things. Forever people so like Spencer happens to

452
00:22:10,760 --> 00:22:12,879
Speaker 1: have an NBA contract that can be token on, but

453
00:22:12,960 --> 00:22:14,720
Speaker 1: a lot of people, their image and their likeness and

454
00:22:14,760 --> 00:22:17,800
Speaker 1: their communities are worth tonizing. And so with Calaxy, we

455
00:22:17,840 --> 00:22:21,240
Speaker 1: decided to take that idea and basically take this foreign

456
00:22:21,280 --> 00:22:24,000
Speaker 1: concept of blockchain and apply it to things like social

457
00:22:24,040 --> 00:22:27,320
Speaker 1: media and commerce that things are already familiar with. So

458
00:22:27,600 --> 00:22:30,439
Speaker 1: you take personal tokens and you use those as the

459
00:22:30,520 --> 00:22:33,919
Speaker 1: method of being able to purchase things like video calls,

460
00:22:34,000 --> 00:22:37,600
Speaker 1: things like video messages, exclusive content, things like the cameras

461
00:22:37,600 --> 00:22:39,639
Speaker 1: the Patreons of the world that are putting out for

462
00:22:39,720 --> 00:22:42,240
Speaker 1: the top ten percent of these fans. UM. We took

463
00:22:42,240 --> 00:22:45,520
Speaker 1: that utility and attached it to a blockchain based asset um,

464
00:22:45,560 --> 00:22:47,720
Speaker 1: and so we did that because we thought that one,

465
00:22:48,000 --> 00:22:49,600
Speaker 1: you know, there's a market for that to be involve

466
00:22:49,720 --> 00:22:52,320
Speaker 1: validated by the success of those platforms, but too, it's

467
00:22:52,320 --> 00:22:54,359
Speaker 1: a unique way to kind of introduce the idea of

468
00:22:54,359 --> 00:22:57,080
Speaker 1: a social token and your own economy and be able

469
00:22:57,119 --> 00:23:00,040
Speaker 1: to kind of monetize yourself as an asset um. And

470
00:23:00,160 --> 00:23:01,760
Speaker 1: so the beauty of it is, at the end of

471
00:23:01,760 --> 00:23:04,399
Speaker 1: the day, no matter what happens to Calaxy, what happens

472
00:23:04,440 --> 00:23:06,880
Speaker 1: to any other application on the creators got there any

473
00:23:06,880 --> 00:23:09,640
Speaker 1: world with your token, you get to own your tokens

474
00:23:09,640 --> 00:23:12,679
Speaker 1: no matter what um. So if Calacu went bankrupt, God forbid,

475
00:23:12,720 --> 00:23:15,359
Speaker 1: obviously that's not what we're going for. But the idea

476
00:23:15,400 --> 00:23:18,480
Speaker 1: is really if it went your tokens would exist forever,

477
00:23:18,600 --> 00:23:19,960
Speaker 1: just like your n f t s would exist for

478
00:23:20,000 --> 00:23:23,160
Speaker 1: exact where ever, etcetera. And that's the point of the centralization.

479
00:23:23,440 --> 00:23:25,679
Speaker 1: A lot of creators that make money off of these platforms,

480
00:23:25,840 --> 00:23:28,439
Speaker 1: if they go under tomorrow, the awful revenue stream is

481
00:23:28,600 --> 00:23:30,760
Speaker 1: gone from that, and so we're kind of moving away

482
00:23:30,760 --> 00:23:33,359
Speaker 1: from that. And that's kind of like our journey uh

483
00:23:33,359 --> 00:23:36,920
Speaker 1: with the contract ce Curavation and Ultimate Calaxy. Yeah, I'm

484
00:23:36,920 --> 00:23:39,280
Speaker 1: glad you mentioned that because I was when I first

485
00:23:39,320 --> 00:23:43,399
Speaker 1: got into U n f T s Ross Gold and

486
00:23:43,440 --> 00:23:46,600
Speaker 1: would have introduced me to the idea of, you know,

487
00:23:46,760 --> 00:23:49,000
Speaker 1: how I should invest in entities. And my first n

488
00:23:49,080 --> 00:23:51,840
Speaker 1: f T was an NBA Top Shot n f T

489
00:23:52,640 --> 00:23:56,000
Speaker 1: and I'm still not completely sold on it, and maybe

490
00:23:56,040 --> 00:24:00,160
Speaker 1: you could educate me because it doesn't feel like it's

491
00:24:00,240 --> 00:24:03,479
Speaker 1: it's not it's not interoperable. I can't move it and

492
00:24:03,520 --> 00:24:05,520
Speaker 1: I don't really own it. I just kind of own

493
00:24:05,560 --> 00:24:09,119
Speaker 1: it in this this place, like I can't take it.

494
00:24:09,320 --> 00:24:11,040
Speaker 1: I can't take it and move it around with me.

495
00:24:11,560 --> 00:24:14,080
Speaker 1: And so m I wonder because you just talked about

496
00:24:14,119 --> 00:24:16,840
Speaker 1: you know, if if if I'm investing in something on Calaxy,

497
00:24:16,880 --> 00:24:19,840
Speaker 1: if Calaxy God Forbid goes away, it's still yours, Like

498
00:24:19,880 --> 00:24:22,960
Speaker 1: it doesn't feel the same like on an NBA Top shot.

499
00:24:23,000 --> 00:24:28,840
Speaker 1: So it helped me understand if I'm wrong there. Yeah,

500
00:24:28,920 --> 00:24:31,280
Speaker 1: so I would say so shout out to the NBA

501
00:24:31,359 --> 00:24:36,199
Speaker 1: Top Shot guys. Dropper Labs is actually an advised through Calaxy. UM.

502
00:24:36,240 --> 00:24:38,280
Speaker 1: He's a good personal friend of ours, you know, to

503
00:24:38,359 --> 00:24:41,040
Speaker 1: the business and so um there are formerly partners of ours.

504
00:24:41,040 --> 00:24:43,200
Speaker 1: We're super excited to talk about what our plane might

505
00:24:43,240 --> 00:24:46,280
Speaker 1: look like. Um, but you will be able to essentially

506
00:24:46,280 --> 00:24:47,960
Speaker 1: move some of those assets around and be able to

507
00:24:48,000 --> 00:24:50,720
Speaker 1: kind of brag about from the assens that you do own. Um,

508
00:24:50,840 --> 00:24:54,080
Speaker 1: so I would probably leave it there for our you know,

509
00:24:54,600 --> 00:24:56,480
Speaker 1: talked about how we will plan to work are together.

510
00:24:56,560 --> 00:24:58,439
Speaker 1: You'll have to stay tune and follow us as a

511
00:24:58,480 --> 00:25:01,760
Speaker 1: project on ourselve shows and obviously follow them for how

512
00:25:01,760 --> 00:25:04,520
Speaker 1: we plan to work together. But um, in terms of that, yeah,

513
00:25:04,520 --> 00:25:07,080
Speaker 1: Like I mean, I know that the flow blockchain and

514
00:25:07,160 --> 00:25:10,080
Speaker 1: what they've been doing over there, they've been the biggest

515
00:25:11,280 --> 00:25:13,840
Speaker 1: I think they've been the biggest sale behind you know,

516
00:25:13,880 --> 00:25:16,280
Speaker 1: the wave that we're experiencing now. When it comes to

517
00:25:16,359 --> 00:25:19,480
Speaker 1: n f t s. Everybody loves tech and everybody loves sports,

518
00:25:19,600 --> 00:25:21,040
Speaker 1: and I think what those guys were able to do

519
00:25:21,119 --> 00:25:23,960
Speaker 1: is really help, you know, create a very cool use

520
00:25:24,000 --> 00:25:26,439
Speaker 1: case of the technology, right. And it's quite funny that

521
00:25:26,560 --> 00:25:27,920
Speaker 1: n f t s are the thing that got people

522
00:25:27,960 --> 00:25:30,239
Speaker 1: talking about blocking and crypto and you know, there's so

523
00:25:30,320 --> 00:25:33,040
Speaker 1: much utility that comes from the in the structure that

524
00:25:33,080 --> 00:25:35,720
Speaker 1: in depends it. But um, you know them, that's the

525
00:25:35,720 --> 00:25:37,960
Speaker 1: project they're they're definitely doing a lot of great things

526
00:25:37,960 --> 00:25:40,520
Speaker 1: and they're you know, working on their ways to come

527
00:25:40,600 --> 00:25:42,520
Speaker 1: up with different ways for people to be able to

528
00:25:42,600 --> 00:25:45,439
Speaker 1: use their talk top moments move their top moments. And

529
00:25:45,440 --> 00:25:48,040
Speaker 1: then obviously, um, you know other projects that are building

530
00:25:48,040 --> 00:25:50,080
Speaker 1: on the flow blockchain as well, Like they have a

531
00:25:50,119 --> 00:25:52,840
Speaker 1: lot of different things coming as well, and so for them,

532
00:25:52,960 --> 00:25:56,359
Speaker 1: we're we're we're very bolish that project, um as well.

533
00:25:57,000 --> 00:26:00,000
Speaker 1: It's I was I was gonna. I did download the

534
00:26:00,000 --> 00:26:01,840
Speaker 1: howasy app. I'm on the wait list actually, so I

535
00:26:02,359 --> 00:26:04,880
Speaker 1: have a question about how it could work, so maybe

536
00:26:04,920 --> 00:26:06,480
Speaker 1: you could help there. Yeah, I'm on the wait list

537
00:26:06,520 --> 00:26:10,679
Speaker 1: for the beta. But there's a question about storytelling because

538
00:26:11,080 --> 00:26:14,760
Speaker 1: from what I understand about how collexy works, it's best

539
00:26:15,480 --> 00:26:18,760
Speaker 1: in the immediate if you already have a following. And

540
00:26:18,800 --> 00:26:21,320
Speaker 1: so I wonder and you can correct me if I'm

541
00:26:21,320 --> 00:26:24,520
Speaker 1: wrong in that idea, but I wonder how it could

542
00:26:24,560 --> 00:26:31,760
Speaker 1: work for somebody who's trying to build a following. Yeah, no, absolutely,

543
00:26:31,840 --> 00:26:34,359
Speaker 1: So I'd say from our perspective, it's great to have

544
00:26:34,440 --> 00:26:36,600
Speaker 1: the big names. It's a big the celebrities, because it

545
00:26:36,680 --> 00:26:39,080
Speaker 1: brings notoriety to your project. And we live in the

546
00:26:39,160 --> 00:26:41,680
Speaker 1: endorsement model world right, Like we talked about that, right,

547
00:26:41,680 --> 00:26:43,880
Speaker 1: So if you have a platform that DKL is I cool.

548
00:26:43,920 --> 00:26:46,119
Speaker 1: I'm arriving with that. I'm a creator, That's how I moved.

549
00:26:46,800 --> 00:26:49,840
Speaker 1: But I think what we really value at Calaxi is

550
00:26:49,880 --> 00:26:52,320
Speaker 1: the middle class creator, Like that is gonna be what

551
00:26:52,680 --> 00:26:54,400
Speaker 1: we hang our hats on at the end of the day.

552
00:26:54,560 --> 00:26:57,600
Speaker 1: So that's a segment for us that's super important, has

553
00:26:57,600 --> 00:27:00,360
Speaker 1: a lot of our intention, right and so yes, nice

554
00:27:00,359 --> 00:27:02,359
Speaker 1: to help out the people or build a platform and

555
00:27:02,400 --> 00:27:04,560
Speaker 1: make sense for the people with a million followers. But

556
00:27:04,600 --> 00:27:07,840
Speaker 1: those people that don't have quite crazy following, um, you know,

557
00:27:07,920 --> 00:27:11,200
Speaker 1: they too are content creators, and they too are famous

558
00:27:11,240 --> 00:27:13,200
Speaker 1: to somebody, right, Like, at the end of the day,

559
00:27:13,440 --> 00:27:15,639
Speaker 1: they are famous to somebody. If you have people that

560
00:27:15,680 --> 00:27:18,760
Speaker 1: are looking at for your content, supporting your content, willing

561
00:27:18,800 --> 00:27:22,200
Speaker 1: to pay in support for your content, you're a creator. Um,

562
00:27:22,359 --> 00:27:24,159
Speaker 1: We're all creators in our own right, and so for

563
00:27:24,280 --> 00:27:26,320
Speaker 1: us at the platform right now, these is a very

564
00:27:26,320 --> 00:27:29,840
Speaker 1: concerned plan to help um, you know, through different programs

565
00:27:29,840 --> 00:27:32,240
Speaker 1: and different creators stimulus things that we're looking to do

566
00:27:32,280 --> 00:27:34,920
Speaker 1: hopefully on in the ecosystem to promote the growth of

567
00:27:34,960 --> 00:27:37,919
Speaker 1: the creator middle class. But it's definitely super important. Um.

568
00:27:37,960 --> 00:27:39,880
Speaker 1: I think in gay one, it's super nice to have

569
00:27:40,359 --> 00:27:43,760
Speaker 1: the large creators to bring notoriety and bring um buzz

570
00:27:43,800 --> 00:27:47,320
Speaker 1: to your project, But the middle class is super important

571
00:27:47,359 --> 00:27:50,639
Speaker 1: for us. So talk about like the differences in because

572
00:27:50,720 --> 00:27:53,360
Speaker 1: when I hear this, I immediately think about things like

573
00:27:53,560 --> 00:27:57,760
Speaker 1: indiego go and Patreon and you know, crowdfunding, you know,

574
00:27:58,240 --> 00:28:00,320
Speaker 1: or even like fan base on the others high we

575
00:28:00,320 --> 00:28:03,359
Speaker 1: you know, shout out to Isaac. I wonder where Calaxy

576
00:28:03,480 --> 00:28:09,119
Speaker 1: fits in the idea of you know, incentivizing or you know,

577
00:28:09,560 --> 00:28:16,120
Speaker 1: subscribing to content or whatever from an influencer. Yeah. Absolutely,

578
00:28:16,160 --> 00:28:19,359
Speaker 1: I would say Calaxy is its own beast Quart honestly.

579
00:28:19,359 --> 00:28:21,120
Speaker 1: And I know everyone's gonna get on their phone and

580
00:28:21,320 --> 00:28:23,919
Speaker 1: they're gonna get on these calls and kind of seeing

581
00:28:23,920 --> 00:28:27,159
Speaker 1: this praises of their own products. But there is nothing

582
00:28:27,440 --> 00:28:29,680
Speaker 1: like Calaxy in the market, right, There's nothing that makes

583
00:28:29,720 --> 00:28:31,719
Speaker 1: it super easy for you to create your own token

584
00:28:31,960 --> 00:28:35,320
Speaker 1: and have a marketplace for you to redeem the access

585
00:28:35,320 --> 00:28:37,960
Speaker 1: and use it for something, right, Like that's the difference

586
00:28:37,960 --> 00:28:39,720
Speaker 1: between what we are and like the blockchain slade. So

587
00:28:39,760 --> 00:28:43,000
Speaker 1: we sit at a very unique intersection of Web three

588
00:28:43,080 --> 00:28:45,520
Speaker 1: and Web two. Right, So the Web two components are

589
00:28:45,520 --> 00:28:47,800
Speaker 1: the ones that you're talking about. You're talking about You're

590
00:28:47,840 --> 00:28:50,120
Speaker 1: talking about fan Time, you're talking about Patreon, you're talking

591
00:28:50,120 --> 00:28:52,840
Speaker 1: about Cana, You're talking about all these things. But those

592
00:28:52,920 --> 00:28:55,440
Speaker 1: don't help you with ownership and i P they're not

593
00:28:55,480 --> 00:28:58,479
Speaker 1: built on a blockchain, right. So basically what we did

594
00:28:58,560 --> 00:29:01,040
Speaker 1: is we saw that there's a market here and we

595
00:29:01,120 --> 00:29:03,760
Speaker 1: believe we're all of the opinion here at Calaxy that

596
00:29:03,800 --> 00:29:06,400
Speaker 1: the world is moving to Web three. Regardless, you're gonna

597
00:29:06,400 --> 00:29:08,720
Speaker 1: have web to Entrance looking to move into Web three,

598
00:29:08,880 --> 00:29:10,920
Speaker 1: and you're gonna have new Web three guys like ourselves

599
00:29:11,000 --> 00:29:13,280
Speaker 1: try to capture market show there. We want to be

600
00:29:13,440 --> 00:29:16,400
Speaker 1: those guys that meet the massive audience in a way

601
00:29:16,440 --> 00:29:18,920
Speaker 1: that makes sense for them. So, like we took the utility,

602
00:29:19,200 --> 00:29:21,720
Speaker 1: the commerce, the things that people are buying on these apps,

603
00:29:21,760 --> 00:29:25,320
Speaker 1: attached it to a social presence of blockchain based appet asset,

604
00:29:25,600 --> 00:29:28,840
Speaker 1: and created an app where had a user experience that

605
00:29:28,960 --> 00:29:30,560
Speaker 1: was super easy for these creators to be able to

606
00:29:30,680 --> 00:29:34,040
Speaker 1: ultimately use them. And so I think from our perspective, um,

607
00:29:34,080 --> 00:29:36,200
Speaker 1: you know, that's what makes cality very unique is we

608
00:29:36,280 --> 00:29:39,840
Speaker 1: ultimately want to be that stop shop for creators to

609
00:29:39,880 --> 00:29:42,080
Speaker 1: monetize themselves. We want to be the easiest arm ramp

610
00:29:42,120 --> 00:29:44,760
Speaker 1: into Web three for these creators um as well as

611
00:29:44,760 --> 00:29:48,040
Speaker 1: their fans. And so you know, you're able to do

612
00:29:48,160 --> 00:29:51,240
Speaker 1: things like those video calls, the videos like those video calls,

613
00:29:51,920 --> 00:29:54,840
Speaker 1: video messages, the subscription content and things like that of

614
00:29:54,920 --> 00:29:57,120
Speaker 1: that nature. But you're also able to do n f

615
00:29:57,200 --> 00:29:59,560
Speaker 1: T s. You're also able to do different DeFi plays.

616
00:29:59,600 --> 00:30:02,160
Speaker 1: You're all to be able to tokenize yourself so that

617
00:30:02,240 --> 00:30:05,160
Speaker 1: maybe one day, if you're Lebron James and you went broke,

618
00:30:05,240 --> 00:30:08,520
Speaker 1: for god forbid, what knows, like what reason you own

619
00:30:08,600 --> 00:30:11,680
Speaker 1: happier token? Supply you walk into a defy like bank

620
00:30:12,000 --> 00:30:14,760
Speaker 1: and because you're Lebron James and you have a publicly

621
00:30:14,840 --> 00:30:18,080
Speaker 1: verifiable value, because you have a token with a token

622
00:30:18,120 --> 00:30:21,040
Speaker 1: that's circulating and supply you can borrow money against that

623
00:30:21,440 --> 00:30:24,360
Speaker 1: right Like, it's a completely different world of possibility that

624
00:30:24,400 --> 00:30:28,440
Speaker 1: you're open to by one. And so that's what makes

625
00:30:28,440 --> 00:30:30,240
Speaker 1: it very different. And fundamentally we can do a lot

626
00:30:30,240 --> 00:30:34,440
Speaker 1: of things that other other platforms can. So I wonder

627
00:30:34,520 --> 00:30:38,440
Speaker 1: your your ideas on medium to long term regulation of

628
00:30:38,480 --> 00:30:40,960
Speaker 1: these things. And because I think about and I've heard

629
00:30:41,000 --> 00:30:43,240
Speaker 1: you talk about this like Squid Games, that that token

630
00:30:43,320 --> 00:30:45,240
Speaker 1: that they put out and you know, they were a

631
00:30:45,280 --> 00:30:48,200
Speaker 1: popular show on Netflix and they somebody put out a

632
00:30:48,200 --> 00:30:51,800
Speaker 1: token around it in rugpool like these they scammer that

633
00:30:51,880 --> 00:30:55,240
Speaker 1: took off with the bag. And so I wonder when

634
00:30:55,280 --> 00:31:00,440
Speaker 1: you're thinking about how we look with regards to relation

635
00:31:00,560 --> 00:31:04,280
Speaker 1: in the near medium, near term, do you is that

636
00:31:04,400 --> 00:31:06,640
Speaker 1: something that you embrace, you want the government to look

637
00:31:06,680 --> 00:31:12,960
Speaker 1: at this, or do you believe that the decentralized, distributed

638
00:31:13,040 --> 00:31:18,640
Speaker 1: population of people can govern themselves. That's a great question.

639
00:31:18,720 --> 00:31:23,160
Speaker 1: I think it's a very well discussed topic right now.

640
00:31:23,560 --> 00:31:27,400
Speaker 1: I would say from my selective the regulatory landscape is

641
00:31:27,480 --> 00:31:30,760
Speaker 1: very unclear. UM. So I think what people in industry, experts,

642
00:31:30,800 --> 00:31:33,880
Speaker 1: people like myself around UM the industry are waiting for,

643
00:31:34,200 --> 00:31:36,680
Speaker 1: excited for the clarity that we do that. I do

644
00:31:36,760 --> 00:31:39,200
Speaker 1: think there's a role for regulation to play UM And

645
00:31:39,240 --> 00:31:41,440
Speaker 1: I think when you think about blockchain in general, I

646
00:31:41,480 --> 00:31:44,000
Speaker 1: think it's an educational experience that needs to happen. Right

647
00:31:44,240 --> 00:31:46,880
Speaker 1: you need to understand the differences between a decentralized e

648
00:31:47,000 --> 00:31:50,400
Speaker 1: change and a centralized change. The squid token where people

649
00:31:50,400 --> 00:31:52,880
Speaker 1: are able to basically rug pull people out of it.

650
00:31:53,040 --> 00:31:54,800
Speaker 1: You need to understand that, Like when you're buying something

651
00:31:54,880 --> 00:31:57,640
Speaker 1: up a decentralized exchange, there is no sort of vetting

652
00:31:57,680 --> 00:32:00,680
Speaker 1: process that really happens for an aspet to it listed there.

653
00:32:00,920 --> 00:32:04,760
Speaker 1: So like that's different than what point based chooses lists, right,

654
00:32:04,840 --> 00:32:07,680
Speaker 1: very different than what it chooses to lift um. So

655
00:32:07,720 --> 00:32:10,560
Speaker 1: I think that perspective, the educational aspect of this is

656
00:32:10,560 --> 00:32:13,680
Speaker 1: super important. And then when you think about securities analysis,

657
00:32:13,680 --> 00:32:16,240
Speaker 1: and I have capital markets tact so I think that's

658
00:32:16,240 --> 00:32:17,720
Speaker 1: why that we've been able to leverage a lot of

659
00:32:17,720 --> 00:32:21,880
Speaker 1: our galaxy. But uh, it very much that really understands

660
00:32:22,200 --> 00:32:25,120
Speaker 1: the it vary SOLF really depends on your understanding about

661
00:32:25,440 --> 00:32:28,880
Speaker 1: what the goals of regulators are and essentially what the

662
00:32:28,920 --> 00:32:32,560
Speaker 1: definition of everything is, Like what really is the security? Right?

663
00:32:32,560 --> 00:32:34,680
Speaker 1: Like if you ask the average person, even if they

664
00:32:34,680 --> 00:32:36,920
Speaker 1: own millions of the allays of stocks, they asked them

665
00:32:36,920 --> 00:32:40,520
Speaker 1: what a security, they probably couldn't tell you and like

666
00:32:40,720 --> 00:32:44,160
Speaker 1: under ten words, right, Like, yet we all participate in

667
00:32:44,200 --> 00:32:46,120
Speaker 1: those markets. So like, I don't think it's gonna be

668
00:32:46,120 --> 00:32:47,920
Speaker 1: to the point where you need to understand every single

669
00:32:47,960 --> 00:32:50,520
Speaker 1: in out for it to be you know, a massive option,

670
00:32:50,560 --> 00:32:52,240
Speaker 1: because there are a lot of people that buy stocks

671
00:32:52,320 --> 00:32:54,000
Speaker 1: that don't really know what they're buying, but they're buying

672
00:32:54,040 --> 00:32:57,280
Speaker 1: it because it's a routine. It's a something that we

673
00:32:57,360 --> 00:33:00,880
Speaker 1: embrace as a community. I think moving words, you know,

674
00:33:01,560 --> 00:33:03,440
Speaker 1: at least in the early days of blockchain, it's definitely

675
00:33:03,440 --> 00:33:06,280
Speaker 1: helpful to understand what security is so they can understand

676
00:33:06,320 --> 00:33:07,880
Speaker 1: what you're buying and buying into and like what the

677
00:33:07,880 --> 00:33:11,480
Speaker 1: government it looks like. Necessarily, founders and creators like myself

678
00:33:11,560 --> 00:33:13,240
Speaker 1: that are building in this space, they need to be

679
00:33:13,280 --> 00:33:15,720
Speaker 1: absolutely aware about what those things are. So I do

680
00:33:15,760 --> 00:33:18,560
Speaker 1: think there's definitely a role for regulators to play. Um.

681
00:33:18,600 --> 00:33:20,600
Speaker 1: I think it's also equally important for people that are

682
00:33:20,600 --> 00:33:22,560
Speaker 1: building in the space to do the work and do

683
00:33:22,640 --> 00:33:25,040
Speaker 1: the diligence to really understand, um, you know, what it

684
00:33:25,120 --> 00:33:27,160
Speaker 1: is that they're they're building on and what they're looking

685
00:33:27,320 --> 00:33:31,360
Speaker 1: to build towards. You know. I remember this is kind

686
00:33:31,400 --> 00:33:33,720
Speaker 1: of still have a converse conversation that we have when

687
00:33:33,840 --> 00:33:36,760
Speaker 1: people are learning the code. They're like, Okay, what programming

688
00:33:36,800 --> 00:33:39,000
Speaker 1: language should I use? Should I learn JavaScript? Should I

689
00:33:39,080 --> 00:33:42,080
Speaker 1: learned rail? Should I learn anything? So a lot of

690
00:33:42,120 --> 00:33:44,720
Speaker 1: those that confusion stops them from even making the first

691
00:33:44,720 --> 00:33:47,320
Speaker 1: step into learning how to program. And I hear now

692
00:33:47,800 --> 00:33:51,880
Speaker 1: is a parallel conversation on different blockchains. So we talk

693
00:33:51,920 --> 00:33:54,240
Speaker 1: a lot about ethereum because most n f T s

694
00:33:54,360 --> 00:33:57,800
Speaker 1: you know, running through ethereum. And I heard you have

695
00:33:57,960 --> 00:34:00,760
Speaker 1: a conversation when we were done in Miami about Hidura

696
00:34:00,840 --> 00:34:04,840
Speaker 1: and why you use Hidura. So if you could give

697
00:34:04,920 --> 00:34:08,040
Speaker 1: us like an elevator pitch on maybe not elevate, maybe

698
00:34:08,040 --> 00:34:11,799
Speaker 1: a long elevator ride on the different block chains and

699
00:34:11,960 --> 00:34:17,400
Speaker 1: why you choose some over others. Yeah, no, that's a

700
00:34:17,440 --> 00:34:20,839
Speaker 1: great question. Uh man, I love this question. Okay, So

701
00:34:20,880 --> 00:34:24,680
Speaker 1: I love Hidera one. Uh we love Hidera. Spencer is

702
00:34:24,719 --> 00:34:26,359
Speaker 1: a big fan of Hidera as well. And I think

703
00:34:26,480 --> 00:34:28,680
Speaker 1: when we really think about block chains in general is

704
00:34:28,719 --> 00:34:31,279
Speaker 1: there's usages that make sense for a lot of different things.

705
00:34:31,360 --> 00:34:33,960
Speaker 1: Until like what Ada has done very well is one

706
00:34:34,040 --> 00:34:37,560
Speaker 1: they've created an algorithm that is asynchronous business TINAE fault tolerant.

707
00:34:37,719 --> 00:34:41,040
Speaker 1: It comes to full financial finality in a matter of seconds.

708
00:34:41,280 --> 00:34:43,440
Speaker 1: Also in general, like when you're thinking about what we're

709
00:34:43,480 --> 00:34:47,160
Speaker 1: looking to build a high volume commerce app, transactions to

710
00:34:47,160 --> 00:34:49,640
Speaker 1: people need to be very very very short, right, Like

711
00:34:49,680 --> 00:34:51,160
Speaker 1: when you go to the store and swribe your card,

712
00:34:51,320 --> 00:34:53,160
Speaker 1: like you don't want to weight there in line for

713
00:34:53,200 --> 00:34:55,560
Speaker 1: an hour or thirty events before your card goes through,

714
00:34:55,640 --> 00:34:57,560
Speaker 1: like it needs to be in seconds. Right, that's the

715
00:34:57,640 --> 00:35:00,160
Speaker 1: type of experience that we're going for in calix see.

716
00:35:00,200 --> 00:35:02,319
Speaker 1: And that's same type of experience that we need in

717
00:35:02,400 --> 00:35:06,240
Speaker 1: the brought in these you know, greener more you know, greener,

718
00:35:06,320 --> 00:35:09,759
Speaker 1: newer audiences that are coming into web three. Um. And Additionally,

719
00:35:09,760 --> 00:35:12,600
Speaker 1: when we think about a company or like blockchain rather

720
00:35:12,680 --> 00:35:16,360
Speaker 1: sorry like Canderaction, technically not even blockching, it's a blockchain

721
00:35:16,360 --> 00:35:20,760
Speaker 1: alternative called hash graft UM. And I think because of that, um,

722
00:35:20,800 --> 00:35:23,440
Speaker 1: that's kind of that technology is unlocked the different things

723
00:35:23,440 --> 00:35:27,960
Speaker 1: with speed, transparency and security. Right, they've done that very well. Um.

724
00:35:28,040 --> 00:35:32,200
Speaker 1: And additionally, the blockchain is owned by and governed by

725
00:35:32,280 --> 00:35:35,120
Speaker 1: a number of different fortune companies. And so when I

726
00:35:35,160 --> 00:35:38,000
Speaker 1: think about the adoption of blockchain, UM, you know, the

727
00:35:38,000 --> 00:35:39,839
Speaker 1: beauty of it is when you think about there, you're

728
00:35:39,840 --> 00:35:43,080
Speaker 1: thinking about Google, You're thinking about Deutsche Telecom, you're thinking

729
00:35:43,080 --> 00:35:46,480
Speaker 1: about l G, you're thinking about all these Nemorra, You're

730
00:35:46,480 --> 00:35:48,520
Speaker 1: thinking about all these very large companies that people are

731
00:35:48,520 --> 00:35:52,719
Speaker 1: already comfortable with any in an endorsement society, right when

732
00:35:52,800 --> 00:35:57,000
Speaker 1: you think about Ethereum, like they're faceless people validing your transaction,

733
00:35:57,000 --> 00:36:00,160
Speaker 1: and yet it's decentralized. But the government can't wrap their

734
00:36:00,200 --> 00:36:02,080
Speaker 1: head around that in the same way that like they

735
00:36:02,200 --> 00:36:06,160
Speaker 1: already audit and already probe these other companies from the

736
00:36:06,200 --> 00:36:08,719
Speaker 1: other side, right when you think about Hedera. So when

737
00:36:08,760 --> 00:36:11,799
Speaker 1: you think about from that perspective, I'm very bullish on

738
00:36:11,840 --> 00:36:15,200
Speaker 1: the government looking at Hedera and being okay or at

739
00:36:15,280 --> 00:36:18,000
Speaker 1: least a lot more okay with it versus the annanymity

740
00:36:18,120 --> 00:36:20,799
Speaker 1: it's attached to some of these other blockchains, right, So

741
00:36:20,840 --> 00:36:22,319
Speaker 1: that's kind of the one thing too. And then at

742
00:36:22,320 --> 00:36:24,680
Speaker 1: a very general level too, when you think about blockchains

743
00:36:24,680 --> 00:36:27,960
Speaker 1: in general, the most important he is really thinking about,

744
00:36:28,440 --> 00:36:30,960
Speaker 1: you know, you have a trade off between centralization and

745
00:36:31,000 --> 00:36:35,000
Speaker 1: decentralization being insecurity, those like their your funnels. Right, So

746
00:36:35,040 --> 00:36:37,359
Speaker 1: when you think about Hedera, yes, it's a little bit

747
00:36:37,400 --> 00:36:40,239
Speaker 1: more centralized than something like Ethereum, because you know there

748
00:36:40,280 --> 00:36:42,759
Speaker 1: are the thirty non council members and things like that,

749
00:36:42,840 --> 00:36:45,400
Speaker 1: so yes, you know who they are, you know, validating

750
00:36:45,440 --> 00:36:48,120
Speaker 1: your transactions. But it's a lot different than the millions

751
00:36:48,120 --> 00:36:50,400
Speaker 1: and billions of nodes that are validating transactions from the

752
00:36:50,480 --> 00:36:53,480
Speaker 1: theorius networks. So because of that, it's a lot faster.

753
00:36:53,920 --> 00:36:55,919
Speaker 1: And the way they get around security is the fact

754
00:36:56,000 --> 00:36:59,600
Speaker 1: that these companies have a big reputational risk from doing

755
00:36:59,640 --> 00:37:02,520
Speaker 1: that things, so they're not gonna do bad things. So

756
00:37:02,640 --> 00:37:04,440
Speaker 1: that's kind of how they get over the fact that

757
00:37:04,520 --> 00:37:08,920
Speaker 1: it's more centralized than a decentralized, you know, protocol. But

758
00:37:09,120 --> 00:37:11,680
Speaker 1: that's kind of how they've solved that issue. And so

759
00:37:11,960 --> 00:37:13,920
Speaker 1: while that they've been able to come up with the

760
00:37:14,040 --> 00:37:18,319
Speaker 1: ideal at least for us trade off between security uh

761
00:37:18,520 --> 00:37:21,759
Speaker 1: centralization as well as speed, right, but that might not

762
00:37:21,920 --> 00:37:25,000
Speaker 1: make sense for somebody that's looking to buy or settle

763
00:37:25,160 --> 00:37:27,600
Speaker 1: twenty million dollars of real estate. You want that to

764
00:37:27,680 --> 00:37:31,640
Speaker 1: be the most decentralized immutable protocol UM and you don't

765
00:37:31,719 --> 00:37:34,359
Speaker 1: care if that money shows up in twenty five minutes UM.

766
00:37:34,520 --> 00:37:36,160
Speaker 1: You just want to make sure you're twenty million dollars

767
00:37:36,239 --> 00:37:38,640
Speaker 1: gets there, right, And so there are different uses for

768
00:37:38,680 --> 00:37:40,920
Speaker 1: different blockchains until like a theorium might make sense for

769
00:37:41,000 --> 00:37:43,080
Speaker 1: that UM if you're trying to sell a high value

770
00:37:43,200 --> 00:37:44,920
Speaker 1: n f T because they'll market right now for a

771
00:37:45,000 --> 00:37:48,080
Speaker 1: theorum is undeniably the biggest, and you want to sell

772
00:37:48,120 --> 00:37:50,040
Speaker 1: a million dollar NFC, Well, there's a lot of people

773
00:37:50,080 --> 00:37:53,520
Speaker 1: that owns millions of dollars with a theorium, less people

774
00:37:53,600 --> 00:37:56,000
Speaker 1: owning million dollars of aage bar, right, So I think

775
00:37:56,000 --> 00:37:58,120
Speaker 1: you're going to have to think about these different things

776
00:37:58,160 --> 00:38:01,160
Speaker 1: and facets to determine know what makes sense. And then lastly,

777
00:38:01,239 --> 00:38:04,480
Speaker 1: for us, you know, on their minting an FT is

778
00:38:04,520 --> 00:38:07,080
Speaker 1: six at one dollar, and that's something that resonates really

779
00:38:07,120 --> 00:38:11,040
Speaker 1: well with creators because these gases can be uneconomical for

780
00:38:11,239 --> 00:38:14,160
Speaker 1: people looking to monetize their own ID, especially if you're

781
00:38:14,200 --> 00:38:17,759
Speaker 1: not somebody that's gonna sell a million dollar n f T. Right,

782
00:38:17,880 --> 00:38:19,800
Speaker 1: I can do an NFP drop where I dropped a

783
00:38:19,880 --> 00:38:21,480
Speaker 1: thousand n f T s, and I know that I

784
00:38:21,520 --> 00:38:24,800
Speaker 1: will predictably grow at a constant rate, which is a

785
00:38:24,880 --> 00:38:27,640
Speaker 1: thousand dollars um one dollar per n f T. And

786
00:38:27,680 --> 00:38:29,120
Speaker 1: so I think that's kind of how we think about

787
00:38:29,520 --> 00:38:31,640
Speaker 1: UM the use of Padera and why we chose to

788
00:38:31,640 --> 00:38:34,239
Speaker 1: build on there. You know, I love that I want

789
00:38:34,280 --> 00:38:36,720
Speaker 1: to end this talking about the metaverse and giving people

790
00:38:36,840 --> 00:38:40,359
Speaker 1: like an introductory you know, thing to do. So there

791
00:38:40,440 --> 00:38:44,279
Speaker 1: are folks who hear metaverse and now metaverse is you

792
00:38:44,360 --> 00:38:46,799
Speaker 1: know a lot, and we're trying to we hear about

793
00:38:46,840 --> 00:38:50,520
Speaker 1: people throwing concerts and the metaverse. We here meta Facebook

794
00:38:51,000 --> 00:38:54,399
Speaker 1: is doing in the metaverse, Microsoft is making a play.

795
00:38:55,040 --> 00:38:58,280
Speaker 1: And so if I really want to understand the world

796
00:38:58,360 --> 00:39:00,440
Speaker 1: we're going to, what would you say? They are some

797
00:39:00,680 --> 00:39:03,680
Speaker 1: easy maybe not super easy, but things I should do.

798
00:39:04,400 --> 00:39:07,759
Speaker 1: How can we responsibly be early adopters in the metaverse? Yeah,

799
00:39:07,840 --> 00:39:10,000
Speaker 1: I would say the most important thing is do your

800
00:39:10,080 --> 00:39:12,759
Speaker 1: research and do your own research. I would say A

801
00:39:12,880 --> 00:39:15,640
Speaker 1: good place and started obviously crypto Twitter, So like Twitter

802
00:39:15,719 --> 00:39:17,839
Speaker 1: has a lot of different places for you to kind

803
00:39:17,840 --> 00:39:19,960
Speaker 1: of make your niche and really see the type of

804
00:39:20,000 --> 00:39:22,399
Speaker 1: content you're looking for. At this point, I only see

805
00:39:22,400 --> 00:39:24,560
Speaker 1: blockchain based content because that's what I care most about.

806
00:39:24,719 --> 00:39:27,239
Speaker 1: I would say there's a lot of metaverse discourse that

807
00:39:27,360 --> 00:39:30,560
Speaker 1: happens on that on those forums, I'd really try to

808
00:39:30,640 --> 00:39:33,480
Speaker 1: double down and really understand what's kind of going in there. Um,

809
00:39:33,520 --> 00:39:35,320
Speaker 1: and then if that also might be intimidating, there's a

810
00:39:35,360 --> 00:39:38,000
Speaker 1: lot of podcasts out there that are super helpful for

811
00:39:38,120 --> 00:39:40,359
Speaker 1: you to understand this type of stuff. We didn't quite

812
00:39:40,480 --> 00:39:42,960
Speaker 1: make this a Metaverse show. But our show on Coin

813
00:39:43,080 --> 00:39:45,320
Speaker 1: Desk New Money with Spencer and Sol we talked to

814
00:39:45,400 --> 00:39:48,520
Speaker 1: creators about how they're monetizing themselves. Um, you know what

815
00:39:48,600 --> 00:39:50,600
Speaker 1: the metaverse might actually mean to them. We do touch

816
00:39:50,640 --> 00:39:52,480
Speaker 1: on that as well. UM, So that could be something

817
00:39:52,520 --> 00:39:54,920
Speaker 1: that helpful as a tool, but by hearing it from

818
00:39:54,960 --> 00:39:57,080
Speaker 1: people that you want to hear from, um, that are

819
00:39:57,080 --> 00:39:59,719
Speaker 1: going to talk to you in a very colloquial manner um,

820
00:40:00,000 --> 00:40:02,080
Speaker 1: that's something that could be very helpful. Um. And then

821
00:40:02,160 --> 00:40:05,160
Speaker 1: also just participating, like I think everybody should start with,

822
00:40:05,280 --> 00:40:08,440
Speaker 1: you know, having a metal mask, having some sort of wallet,

823
00:40:08,680 --> 00:40:10,440
Speaker 1: um for kind of get yourself in the space, and

824
00:40:10,480 --> 00:40:12,600
Speaker 1: then starting to participate in these things. And I know

825
00:40:12,719 --> 00:40:14,600
Speaker 1: that you guys are doing a lot of great stuff

826
00:40:14,680 --> 00:40:17,400
Speaker 1: that avrotecting gravity when it comes to the metaverse, and

827
00:40:17,440 --> 00:40:19,000
Speaker 1: I think that might be the best way that a

828
00:40:19,040 --> 00:40:21,640
Speaker 1: lot of people, at least from our arena, um, you know,

829
00:40:21,760 --> 00:40:24,120
Speaker 1: get involved with the metaverse. Like I think that's great

830
00:40:24,200 --> 00:40:28,359
Speaker 1: what they're you know what what there. But i'd start

831
00:40:28,440 --> 00:40:31,719
Speaker 1: with to start And so I mentioned this because you know,

832
00:40:31,840 --> 00:40:35,680
Speaker 1: we sort of there was a period of time I

833
00:40:35,760 --> 00:40:39,919
Speaker 1: say about a year ago to eighteen months ago, where

834
00:40:40,000 --> 00:40:42,000
Speaker 1: all we were talking about it seemed like to me

835
00:40:42,480 --> 00:40:44,640
Speaker 1: was A R and VR and what that was going

836
00:40:44,760 --> 00:40:46,960
Speaker 1: to mean. And then it seemed like we just blew

837
00:40:47,040 --> 00:40:48,960
Speaker 1: past that and said, you know, forget that what three

838
00:40:49,040 --> 00:40:52,440
Speaker 1: is here? And we just forgot you know, like a

839
00:40:52,640 --> 00:40:54,920
Speaker 1: R was supposed to take over and VR was supposed

840
00:40:54,960 --> 00:40:58,840
Speaker 1: to take over, and so I got introduced to this

841
00:40:59,040 --> 00:41:00,960
Speaker 1: world of the metaverse and like, you know, one of

842
00:41:01,040 --> 00:41:03,000
Speaker 1: my favorite movies, you know, be a Ready Player one.

843
00:41:03,640 --> 00:41:09,360
Speaker 1: And so how how can we think about experiencing the

844
00:41:09,480 --> 00:41:12,720
Speaker 1: metaverse today? To your point, doing a lot of study,

845
00:41:12,719 --> 00:41:14,960
Speaker 1: a lot of research, what are easy things we can

846
00:41:15,000 --> 00:41:18,600
Speaker 1: do to experience it today? Yeah, I mean I would

847
00:41:18,640 --> 00:41:21,080
Speaker 1: say that there will probably be in the very next

848
00:41:21,120 --> 00:41:23,560
Speaker 1: short term. In my opinion personally, I think there will

849
00:41:23,560 --> 00:41:26,160
Speaker 1: be a lot in the gaming sphere that comes with

850
00:41:26,200 --> 00:41:28,240
Speaker 1: them at a risk. And I think, like I said before,

851
00:41:28,680 --> 00:41:31,840
Speaker 1: it's very much so an analog to that train of

852
00:41:31,960 --> 00:41:34,840
Speaker 1: thought when you think about Xbox Live and like people

853
00:41:34,840 --> 00:41:37,360
Speaker 1: playing Halo back in the day and having online personalities

854
00:41:37,360 --> 00:41:38,960
Speaker 1: and the utility of it. I think it's gonna be

855
00:41:38,960 --> 00:41:41,960
Speaker 1: an expanded sense of that. Um, you know, I think

856
00:41:42,040 --> 00:41:44,680
Speaker 1: even on our panel, we had tween he was talking

857
00:41:44,680 --> 00:41:47,279
Speaker 1: about how it felt like a big video game. Um.

858
00:41:47,360 --> 00:41:49,319
Speaker 1: In some ways, that's very true, and I think that's

859
00:41:49,360 --> 00:41:51,399
Speaker 1: gonna be the you know, the first way to see

860
00:41:51,480 --> 00:41:53,360
Speaker 1: it and expand on it. And I would say that

861
00:41:53,520 --> 00:41:55,839
Speaker 1: that would probably be the first thing, um in terms

862
00:41:55,840 --> 00:41:57,360
Speaker 1: of that, Like I would be on the lookout for that.

863
00:41:57,440 --> 00:41:59,480
Speaker 1: If you happen to the game a lot, um, that'd

864
00:41:59,520 --> 00:42:02,080
Speaker 1: be super important. But also there's just a lot of

865
00:42:02,160 --> 00:42:03,759
Speaker 1: events that are gonna be done in the beta verse,

866
00:42:03,920 --> 00:42:07,400
Speaker 1: like COVID definitely helped propel that to the Ford until

867
00:42:07,440 --> 00:42:10,200
Speaker 1: like things like Afro Attack and things like, um, you know,

868
00:42:10,760 --> 00:42:12,799
Speaker 1: other conferences and things like that for you to kind

869
00:42:12,840 --> 00:42:15,200
Speaker 1: of dive in and really get your feet wet um

870
00:42:15,239 --> 00:42:17,160
Speaker 1: are probably the first places to start, you know, if

871
00:42:17,160 --> 00:42:19,680
Speaker 1: you want to like learn by trial on the fire

872
00:42:19,760 --> 00:42:37,400
Speaker 1: if that means sense Black Tech Green money to production

873
00:42:37,440 --> 00:42:40,320
Speaker 1: of Black They Afro Tech on the Black Effect Podcast

874
00:42:40,400 --> 00:42:43,800
Speaker 1: Network and iHeart Media. It's produced by Morgan Dubonne and

875
00:42:43,960 --> 00:42:47,839
Speaker 1: me Well Lucas, with additional productive support by Love Beach

876
00:42:47,920 --> 00:42:52,200
Speaker 1: and Rissa Lewis. Especially thank you to Michael Davis. Your

877
00:42:52,239 --> 00:42:54,840
Speaker 1: main hall on's a car savan Yan. You know like

878
00:42:55,000 --> 00:42:58,640
Speaker 1: the Wine. Yes that's his real name. Learn more about

879
00:42:58,640 --> 00:43:00,840
Speaker 1: my Guess and other tech distrum as an innovators at

880
00:43:00,880 --> 00:43:03,960
Speaker 1: afrotech dot com. The video version of this episode. We'll

881
00:43:04,040 --> 00:43:06,239
Speaker 1: drop the Black Tech Green Money on YouTube next week.

882
00:43:06,320 --> 00:43:10,320
Speaker 1: South Tap is enjoining Black Tech Green Money. It's just

883
00:43:10,400 --> 00:43:14,080
Speaker 1: a five star radying on iTunes. You can beat your money.

884
00:43:15,440 --> 00:43:22,840
Speaker 1: Peace of love, yeah,