WEBVTT - Cliff Notes: Microsoft’s New Life Changing Technology

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<v Speaker 1>You just realized your business needed to hire someone yesterday.

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<v Speaker 2>Eyl University it's the biggest online platform for education, but

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<v Speaker 3>Earners what's going on?

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<v Speaker 4>You are now locked in the cliff Notes, the number

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<v Speaker 4>one place for investment strategies, tips and advice. I want

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<v Speaker 4>you to talk about NFTs in virtual reality world because

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<v Speaker 4>we had spoken about digital fashion shows and all these

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<v Speaker 4>type of things that could digital museums and paintings. Talk

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<v Speaker 4>about that a little bit.

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<v Speaker 3>So all right, this hold on.

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<v Speaker 2>My sister just text me. She said, he's answering all

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<v Speaker 2>my because you've been asking me about NFTs all week,

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<v Speaker 2>that he's answering all my questions with the mind.

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<v Speaker 5>Going that's that's my goal. I'm trying to get all

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<v Speaker 5>the question marks check and part of the languages of

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<v Speaker 5>this is understanding that n F t is a utility

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<v Speaker 5>of the blockchain. Like really, that's what NFTs is. It's

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<v Speaker 5>a clever way to use the blockchain. Right, So it

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<v Speaker 5>opens up a whole new world. But you also have

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<v Speaker 5>to understand augmented reality. You have to understand virtual reality,

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<v Speaker 5>and you most definitely have to understand spatial reality.

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<v Speaker 3>Right.

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<v Speaker 5>Once you start to understand this, then it changes the game.

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<v Speaker 5>Now I had the unique experience to be part of

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<v Speaker 5>the one percent in the world who experienced spatial reality

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<v Speaker 5>thanks to my brother Idris. Right now, being able to

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<v Speaker 5>experience this, I now can understand how immersive it is.

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<v Speaker 5>What is that?

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<v Speaker 2>What spatial reality?

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<v Speaker 5>So spatial reality, and that's what I'm about to go

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<v Speaker 5>into with the AR and the VR. Right, So let's say,

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<v Speaker 5>first let's start with VR. If it's VR, I put

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<v Speaker 5>on these glasses and I'm immersed in this world. So

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<v Speaker 5>I can't walk with VR glasses on. You understand me.

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<v Speaker 5>If I'm playing like a running game because I'm an

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<v Speaker 5>run into something, I don't know where I'm going. Right,

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<v Speaker 5>If it's AR, the same way, It's like we had

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<v Speaker 5>Pokemon Go and people was able to put their phone

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<v Speaker 5>and now they can see a little charge start jumping

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<v Speaker 5>up like, oh, it puts digital items layered on top

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<v Speaker 5>of the real world.

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<v Speaker 3>You understand me that it can move around.

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<v Speaker 5>So the spatial reality essentially, And this is what I

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<v Speaker 5>had the opportunity of trying, was the hollowlands of Microsoft.

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<v Speaker 3>Microsoft. That's how I know Microsoft is ready one player.

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<v Speaker 5>They gonna take it over the literally, like listen, understand,

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<v Speaker 5>Microsoft is a serious player in the game.

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<v Speaker 3>And I've seen them going down. I said, oh, they

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<v Speaker 3>just big discount right now. Yeah.

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<v Speaker 5>And then and this is where you gotta really really

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<v Speaker 5>understand the space. So spatial reality, and this is what's

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<v Speaker 5>gonna blow a lot of people's mind when they actually

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<v Speaker 5>try it, because it's gonna make regular reality boring. It

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<v Speaker 5>is very addictive. You're not going to want to come

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<v Speaker 5>back to.

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<v Speaker 6>Easily.

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<v Speaker 5>Yeah, So think of it like this. I put on

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<v Speaker 5>these glasses and they look just like this. So imagine

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<v Speaker 5>my glasses look just like this.

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<v Speaker 3>Right. But now it.

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<v Speaker 5>Gives me the opportunity to see these digital assets in

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<v Speaker 5>real time.

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<v Speaker 3>Right.

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<v Speaker 5>So let's say instead of having a phone, I now

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<v Speaker 5>have a digital phone that I can see with my

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<v Speaker 5>glasses and it moves from my moves. I can pick

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<v Speaker 5>it up just the same way. Right, So it's three

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<v Speaker 5>D the same way. If you look at Minority Report,

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<v Speaker 5>they had versions of it as well, where you can

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<v Speaker 5>touch and you can move it.

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<v Speaker 3>That's what we are in the present. We call it

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<v Speaker 3>the future. It's the present. Right. So now I don't

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<v Speaker 3>need a.

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<v Speaker 5>Phone anymore because I can take my phone and it'll

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<v Speaker 5>come up just like my real phone with all of

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<v Speaker 5>the apps, and I can FaceTime somebody. Right, but it

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<v Speaker 5>no longer takes up space, right, it's spacefield, but it

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<v Speaker 5>doesn't take up any physical space. So now I can

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<v Speaker 5>have all of these things on me, but they're not physical,

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<v Speaker 5>they're not carving. So now that replaces the phone, and

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<v Speaker 5>I don't need that anymore, right, But also think about

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<v Speaker 5>this the ideas that can come along with it, digital architecture.

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<v Speaker 5>I can look outside my window and an architect can

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<v Speaker 5>build layers on top of the city that only I see.

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<v Speaker 5>You understand me, Like you can now buy digital assets.

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<v Speaker 5>Let's say you got a digital pen that's sitting on

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<v Speaker 5>your shirt that you bought from some.

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<v Speaker 3>Luxury company that you really love.

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<v Speaker 5>And when the person is put on the glast like

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<v Speaker 5>man he paid one hundred dollars for that pen the

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<v Speaker 5>same way it is in gaming.

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<v Speaker 3>All gamers don't have the same exact assets in the.

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<v Speaker 5>Game, right, some people pay a lot of money for

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<v Speaker 5>it in the armor, right, So that goes into things

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<v Speaker 5>like the Central Land. The Central Land is a virtual

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<v Speaker 5>space that is owned by its users. You understand me

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<v Speaker 5>in this space, like people can live in it kind

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<v Speaker 5>of like it sims so you are in this space

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<v Speaker 5>for having avatar, right, and imagine like I want my

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<v Speaker 5>avatar to dress like me though, but let's say a person.

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<v Speaker 3>Want to crown, like a real crown on the avatar.

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<v Speaker 5>They got to buy it from our digital store so

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<v Speaker 5>that they avatar can now wear it.

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<v Speaker 3>Right, So it's like not.

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<v Speaker 5>Only you can actually wear these digital clothes that kind

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<v Speaker 5>of go along with who you are.

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<v Speaker 3>You understand me, and it can be the same or

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<v Speaker 3>word you walking around with a whole story.

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<v Speaker 4>This episode is brought to you by P and C Bank.

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<v Speaker 1>You just realized your business needed to hire someone yesterday.

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<v Speaker 1>How can you find amazing candidates fast? Easy? Just use Indeed.

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<v Speaker 1>Stop struggling to get your job posts seen on other

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<v Speaker 1>job sites. With Indeed sponsored jobs, your post jumps to

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<v Speaker 1>Just go to Indeed dot com slash po d katz

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<v Speaker 1>thirteen right now and support our show by saying you

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<v Speaker 1>Hiring indeed is all you need.

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<v Speaker 5>Like when a person put on those put on those glasses,

0:09:23.280 --> 0:09:25.800
<v Speaker 5>you got your book floating next to you, right, and

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<v Speaker 5>a person get the tab it and they be like, yeah,

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<v Speaker 5>you want to buy that, and then it takes the

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<v Speaker 5>money out they wallet and it is yours.

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<v Speaker 3>Right.

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<v Speaker 5>It goes into so many use cases because you can

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<v Speaker 5>walk into a blank museum you put the glasses on it.

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<v Speaker 5>Now you can see all digital art around you, right,

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<v Speaker 5>so you see all of the stores clearing out now.

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<v Speaker 5>It gives an ability for this space to actually be useful.

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<v Speaker 5>So when you start thinking about that, and I had

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<v Speaker 5>an idea. I did a whole uh masterclass on this,

0:09:57.040 --> 0:10:01.600
<v Speaker 5>and I'll share one of the ideas because yeah, y'all

0:10:01.679 --> 0:10:05.360
<v Speaker 5>get this free guy.

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<v Speaker 3>So this is like you see NBA top shot right.

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<v Speaker 5>Top shot is essentially trading virtual digital cards and you

0:10:13.240 --> 0:10:15.040
<v Speaker 5>get these moments that you get to play like a

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<v Speaker 5>real but you get the owner, right. And of course

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<v Speaker 5>all of those won't be valuable in the future because

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<v Speaker 5>everybody don't care about all of the NBA.

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<v Speaker 3>Players in the future.

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<v Speaker 5>Only certain things are actually valuable when you revisit it

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<v Speaker 5>over time. Lebron stuff, you know, I mean Kobe stuff,

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<v Speaker 5>like all of those top players.

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<v Speaker 3>People really care. It has an emotional connection.

0:10:34.760 --> 0:10:37.800
<v Speaker 5>But imagine this, And the issue is that the players

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<v Speaker 5>don't actually they not get paid off this right. They

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<v Speaker 5>don't have digital ownership or their digital sales. They contracts.

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<v Speaker 5>Everybody contracts is different. But imagine if and y'all can

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<v Speaker 5>tell me this might be a good idea at night

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<v Speaker 5>the NBA player jock ahead, But imagine if Lebron is

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<v Speaker 5>in his backyard, Kyrie, in his backyard of KD and

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<v Speaker 5>instead of doing top shot, they sell you know, the

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<v Speaker 5>blacktop you understand me to where they end up back

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<v Speaker 5>and they plan a one on one game, and instead

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<v Speaker 5>of selling moments from the NBA, they selling moments from

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<v Speaker 5>their backyard. Wouldn't that be more valuable? And they saying

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<v Speaker 5>that we're only going to sell ten moments of this, right,

0:11:17.000 --> 0:11:19.720
<v Speaker 5>how much would that actually sell for? So I want

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<v Speaker 5>to get people to start thinking in like different creative

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<v Speaker 5>ways to where you can start owning yourself and ownership

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<v Speaker 5>changes in the digital space the same way it's different

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<v Speaker 5>as it is in a physical space. Different laws apply,

0:11:31.640 --> 0:11:34.839
<v Speaker 5>different copyright and trademark and different ways that you can

0:11:34.880 --> 0:11:38.200
<v Speaker 5>actually get around it. So like this and that's just

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<v Speaker 5>that's a hundred million dollar idea I just threw out.

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<v Speaker 3>You know, don't understand me.

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<v Speaker 2>Is what you're referring to is the Microsoft project? Is

0:11:50.240 --> 0:11:51.960
<v Speaker 2>that similar to Oculus?

0:11:52.640 --> 0:11:55.320
<v Speaker 3>Yes, it's better, but it's better, much better.

0:11:55.600 --> 0:12:01.760
<v Speaker 6>Oculus, social media, social media, stone age. What we're talking

0:12:01.760 --> 0:12:02.760
<v Speaker 6>about is twenty eighty.

0:12:02.920 --> 0:12:05.240
<v Speaker 2>Well, yeah, that's what I'm saying people. It might, it might.

0:12:05.280 --> 0:12:07.920
<v Speaker 2>This is this is first of all. First of all,

0:12:07.920 --> 0:12:10.439
<v Speaker 2>this is a high level conversation. It's like when Kanye

0:12:10.520 --> 0:12:15.240
<v Speaker 2>said the herms wrap, what do you say? It is true?

0:12:15.240 --> 0:12:16.880
<v Speaker 6>Good, But that's how I'm always like studied the top

0:12:16.920 --> 0:12:19.640
<v Speaker 6>because the ones with the most capital, and then behind

0:12:19.679 --> 0:12:21.000
<v Speaker 6>the scenes with the gouvern. I don't want to go

0:12:21.040 --> 0:12:23.880
<v Speaker 6>too deep into esoteric, but they're funding a lot of

0:12:23.920 --> 0:12:27.560
<v Speaker 6>the stuff that is coming out. Go look at Black Mirror.

0:12:28.440 --> 0:12:30.600
<v Speaker 6>For those who interested in the NFT, go study the

0:12:30.760 --> 0:12:33.800
<v Speaker 6>entire history of Southey's and how they move art. The

0:12:33.880 --> 0:12:37.200
<v Speaker 6>same metrics and laws are going to be applied here and.

0:12:37.040 --> 0:12:42.080
<v Speaker 2>Then saying it's like it's my baddy, but it's like

0:12:42.240 --> 0:12:44.120
<v Speaker 2>you got to pay attention to what's going on because

0:12:45.400 --> 0:12:48.240
<v Speaker 2>the future is right now. And this is like even

0:12:48.240 --> 0:12:50.440
<v Speaker 2>when Gary V, like when he comes on the platform

0:12:50.480 --> 0:12:52.240
<v Speaker 2>and he's like, this is the only thing I'm focused

0:12:52.280 --> 0:12:53.640
<v Speaker 2>on in virtual reality.

0:12:54.160 --> 0:12:56.680
<v Speaker 6>And Cuban said he's studying seven hours. There's a reason

0:12:56.760 --> 0:12:59.960
<v Speaker 6>for it. There's a new landscape. This is like digital Wakanda.

0:13:00.240 --> 0:13:03.480
<v Speaker 2>The problem. The problem is that the majority of people,

0:13:03.800 --> 0:13:06.560
<v Speaker 2>it's like it's like you know the pyramid, right, like

0:13:06.760 --> 0:13:09.880
<v Speaker 2>people at the top have the information and then it

0:13:09.920 --> 0:13:12.439
<v Speaker 2>gets fuddled down and it gets trickled down. But most

0:13:12.480 --> 0:13:16.080
<v Speaker 2>people they're not really thinking about the future until it happens.

0:13:16.360 --> 0:13:20.199
<v Speaker 2>Most people are just reactionary, like they are in it

0:13:20.320 --> 0:13:23.000
<v Speaker 2>and they're living in it. But the conversation now is

0:13:23.679 --> 0:13:26.880
<v Speaker 2>what's going to happen and what is happening. So even

0:13:26.880 --> 0:13:29.120
<v Speaker 2>if you don't fully understand it, it's important to be

0:13:29.160 --> 0:13:31.480
<v Speaker 2>aware of it because you're gonna be moved in that

0:13:31.520 --> 0:13:33.880
<v Speaker 2>direction whether you want to or not or not. It's

0:13:33.960 --> 0:13:35.959
<v Speaker 2>like it's worse.

0:13:36.200 --> 0:13:39.520
<v Speaker 6>They're going to create more virtual landscapes for us to Like,

0:13:39.960 --> 0:13:41.320
<v Speaker 6>for all the parents that they were born in the

0:13:41.360 --> 0:13:44.000
<v Speaker 6>sixties and seventies, you see how much your kid is

0:13:44.040 --> 0:13:47.760
<v Speaker 6>on this, they'll be on these lenses nine times more.

0:13:49.120 --> 0:13:49.520
<v Speaker 3>On them.

0:13:49.600 --> 0:13:51.280
<v Speaker 4>Yeah, keys, I think I heard you say that.

0:13:51.320 --> 0:13:51.480
<v Speaker 3>Man.

0:13:51.679 --> 0:13:53.959
<v Speaker 4>It's some people life happens for them. Some people life

0:13:53.960 --> 0:13:56.920
<v Speaker 4>happens to them. And if you look at the technology

0:13:56.920 --> 0:13:59.160
<v Speaker 4>from a standpoint where a two year old is able

0:13:59.200 --> 0:14:03.240
<v Speaker 4>to function on a technology device way more efficient than

0:14:03.360 --> 0:14:05.240
<v Speaker 4>a sixty five year old, that tells you something.

0:14:05.800 --> 0:14:09.079
<v Speaker 3>Ye like my yeah, now, I.

0:14:09.160 --> 0:14:11.760
<v Speaker 5>Just want to say that, like we're thinking about the children.

0:14:11.760 --> 0:14:14.400
<v Speaker 5>But I promise once y'all try these lissens on, you're

0:14:14.400 --> 0:14:15.200
<v Speaker 5>not gonna want to take.

0:14:15.120 --> 0:14:17.880
<v Speaker 4>Them all Here a more extended conversation. Make sure to

0:14:17.960 --> 0:14:21.160
<v Speaker 4>check out our live YouTube show market Mondays every Monday

0:14:21.240 --> 0:14:24.600
<v Speaker 4>eight pm Easter Standard Time, seven pm Central and check

0:14:24.600 --> 0:14:28.200
<v Speaker 4>out the Market Monday's podcast on iHeart, Spotify, Apple, or

0:14:28.200 --> 0:14:29.600
<v Speaker 4>wherever you download your podcast.

0:14:29.640 --> 0:14:37.240
<v Speaker 5>Now my graduates from my school being forced back drop drop,

0:14:37.880 --> 0:14:38.640
<v Speaker 5>Mike drop.

0:14:38.880 --> 0:14:40.280
<v Speaker 3>Back drop drop.

0:14:51.360 --> 0:14:55.240
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